| Market Cap | $95.59B | |
| Enterprise Value | — | |
| Revenue | $8.79B | +10.7% |
| Gross Profit | $4.88B | +14.4% |
| EBITDA | $2.70B | +26.0% |
| Net Income | $2.03B | +26.3% |
| Diluted EPS | — | — |
| Free Cash Flow | $2.07B | +18.1% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | — | 63.45% | 60.29% | 59.95% | 59.23% | 56.10% | 50.30% | 53.14% | 54.04% | 55.85% | 39% | 84% | |
| Operating Margin | — | — | 35.59% | 35.58% | 33.72% | 33.40% | 35.51% | 32.44% | 25.11% | 27.36% | 25.76% | 29.17% | 35% | 99% | |
| EBITDA Margin | — | — | 36.93% | 37.03% | 35.21% | 34.84% | 36.75% | 33.34% | 26.08% | 28.32% | 26.84% | 30.55% | 35% | 94% | |
| NOPAT Margin | — | — | 23.49% | 24.30% | 25.89% | 26.13% | 30.78% | 24.80% | 19.03% | 21.57% | 19.54% | 22.39% | 35% | 98% | |
| Net Margin | — | — | 23.37% | 24.36% | 26.08% | 26.37% | 30.65% | 24.86% | 18.88% | 22.84% | 20.14% | 22.97% | 35% | 96% | |
| FCF Margin | — | — | 19.73% | 26.84% | 28.89% | 24.09% | 28.61% | 20.07% | 11.08% | 20.96% | 22.21% | 23.70% | 55% | 98% | |
| OCF Margin | — | — | 23.00% | 29.32% | 30.52% | 26.51% | 29.66% | 20.86% | 14.07% | 24.06% | 25.74% | 25.30% | 45% | 96% | |
| Gross Profitability | 69.10% | 29.30% | 46.76% | 44.62% | 50.71% | 48.90% | 43.91% | 39.83% | 38.28% | 39.17% | 52.45% | 46.37% | 54% | 79% | |
| Capex Intensity | — | — | 3.27% | 2.48% | 1.63% | 2.42% | 1.06% | 0.79% | 2.99% | 3.10% | 3.52% | 1.59% | 25% | 30% | |
| ▸Returns on Capital · 3 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 6 ratios | |||||||||||||||
| ▸Liquidity & coverage · 6 ratios | |||||||||||||||
| ▸Leverage · 7 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 26.0% vs reported ROE 26.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2014↗ | 2015↗ | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $3.05B | $3.37B | $3.81B | $4.20B | $4.60B | $5.54B | $6.31B | $7.14B | $7.49B | $8.29B |
| YoY % | +10.5% | +13.0% | +10.3% | +9.5% | +20.5% | +13.9% | +13.1% | +4.9% | +10.7% | |||
| Cost of Revenue | — | — | — | $1.23B | $1.51B | $1.68B | $1.87B | $2.43B | $3.14B | $3.35B | $3.44B | $3.66B |
| YoY % | +22.8% | +11.3% | +11.4% | +29.8% | +28.9% | +6.7% | +2.9% | +6.3% | ||||
| Gross Profit | $1.34B | $1.63B | $1.94B | $2.14B | $2.30B | $2.52B | $2.72B | $3.11B | $3.17B | $3.79B | $4.05B | $4.63B |
| YoY % | +21.8% | +19.0% | +10.1% | +7.4% | +9.7% | +8.2% | +14.1% | +2.1% | +19.5% | +6.7% | +14.4% | |
| Total Operating Expenses | $592.3M | $900.1M | $856.7M | $938.9M | $1.01B | $1.12B | $1.09B | $1.31B | $1.59B | $1.84B | $2.12B | $2.21B |
| YoY % | +52.0% | -4.8% | +9.6% | +7.8% | +10.3% | -2.2% | +20.2% | +21.3% | +15.8% | +15.1% | +4.4% | |
| Operating Income | $747.5M | $893.7M | $1.09B | $1.20B | $1.28B | $1.40B | $1.63B | $1.80B | $1.58B | $1.95B | $1.93B | $2.42B |
| YoY % | +19.6% | +21.4% | +10.5% | +7.1% | +9.3% | +16.4% | +10.1% | -11.8% | +23.3% | -1.2% | +25.3% | |
| Other Non-Operating Income | — | — | — | — | $9.7M | $13.0M | -$7.0M | $4.0M | -$12.8M | $115.1M | $59.2M | $63.2M |
| YoY % | +34.9% | -48.6% | +6.8% | |||||||||
| Impairment of Real Estate | — | — | — | — | — | — | — | $0 | $0 | $4.3M | $8.2M | $12.0M |
| YoY % | +88.7% | +47.0% | ||||||||||
| Pretax Income | $745.8M | $891.5M | $1.08B | $1.20B | $1.29B | $1.42B | $1.63B | $1.80B | $1.57B | $2.07B | $1.99B | $2.48B |
| YoY % | +19.5% | +21.1% | +11.3% | +7.6% | +9.5% | +14.8% | +10.8% | -12.7% | +31.6% | -3.8% | +24.8% | |
| Income Tax | $262.6M | $344.8M | $367.0M | $380.9M | $300.3M | $308.1M | $216.6M | $423.9M | $380.3M | $437.5M | $480.4M | $577.1M |
| YoY % | +31.3% | +6.4% | +3.8% | -21.2% | +2.6% | -29.7% | +95.8% | -10.3% | +15.0% | +9.8% | +20.1% | |
| Net Income (incl. NCI) | — | $546.7M | $712.7M | $820.7M | $993.0M | $1.11B | $1.41B | $1.38B | $1.19B | $1.63B | $1.51B | $1.91B |
| YoY % | +30.4% | +15.2% | +21.0% | +11.6% | +27.2% | -2.3% | -13.5% | +36.9% | -7.5% | +26.3% | ||
| Net Income to Common | $483.2M | $546.7M | $712.7M | $820.7M | $993.0M | $1.11B | $1.41B | $1.38B | $1.19B | $1.63B | $1.51B | $1.91B |
| YoY % | +13.2% | +30.4% | +15.2% | +21.0% | +11.6% | +27.2% | -2.3% | -13.5% | +36.9% | -7.5% | +26.3% | |
| Weighted Avg Shares (Basic) | 501.8M | 566.4M | 587.9M | 566.8M | 557.2M | 542.2M | 529.6M | 1.06B | 1.05B | 1.04B | 1.00B | 975.9M |
| YoY % | +12.9% | +3.8% | -3.6% | -1.7% | -2.7% | -2.3% | +99.7% | -0.4% | -0.8% | -3.9% | -2.9% | |
| Weighted Avg Shares (Diluted) | 522.9M | 577.8M | 599.8M | 577.1M | 564.3M | 546.6M | 534.8M | 1.07B | 1.07B | 1.06B | 1.01B | 984.5M |
| YoY % | +10.5% | +3.8% | -3.8% | -2.2% | -3.1% | -2.2% | +100.3% | -0.5% | -0.8% | -4.2% | -2.8% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
