| Market Cap | $91.72B | |
| Enterprise Value | $110.58B | |
| Revenue | $27.95B | +10.3% |
| Gross Profit | — | — |
| EBITDA | $6.40B | +6.4% |
| Net Income | $3.98B | +2.5% |
| Diluted EPS | $8.43 | +3.1% |
| Free Cash Flow | $4.77B | +25.5% |
| DPS (FY2025) | $3.43 |
| Trailing yield | 1.78% |
| Payout ratio | 40.8% |
| Growth streak | 3 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $3.43 | +12.5% | reported |
| FY20242024-12-31 | $3.05 | +17.3% | reported |
| FY20232023-12-31 | $2.60 | +15.6% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Operating Margin | — | — | 18.40% | 18.93% | 18.47% | 16.08% | 17.80% | 21.76% | 20.66% | 23.23% | 23.78% | 23.06% | 75% | 53% | |
| EBITDA Margin | — | — | 21.72% | 22.36% | 21.77% | 19.96% | 22.10% | 25.52% | 22.50% | 24.86% | 25.29% | 24.40% | 65% | 47% | |
| NOPAT Margin | — | — | 13.32% | 10.82% | 13.74% | 11.69% | 13.04% | 16.41% | 15.62% | 17.57% | 17.87% | 17.63% | 85% | 49% | |
| Net Margin | — | — | 13.38% | 10.64% | 11.04% | 10.46% | 11.70% | 15.86% | 14.72% | 16.52% | 16.60% | 15.42% | 65% | 46% | |
| FCF Margin | — | — | 13.28% | 11.34% | 14.14% | 11.65% | 17.61% | 15.69% | 14.45% | 16.90% | 16.30% | 18.54% | 95% | 49% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 16.17% | 18.82% | 18.45% | 21.26% | 88% | 26% | |
| FCFE Margin | — | — | 13.19% | 9.10% | 12.38% | 7.06% | 8.82% | 10.57% | 12.69% | 15.73% | 9.69% | 16.61% | 95% | 47% | |
| OCF Margin | — | — | 15.19% | 13.50% | 16.24% | 14.18% | 19.64% | 17.74% | 16.72% | 18.73% | 17.59% | 19.61% | 85% | 35% | |
| Capex Intensity | — | — | 1.92% | 2.15% | 2.10% | 2.53% | 2.02% | 2.05% | 2.27% | 1.83% | 1.29% | 1.08% | 5% | 40% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 6 ratios | |||||||||||||||
| ▸Working capital · 3 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 28.1% vs reported ROE 29.3%. 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 | — | — | $13.21B | $14.02B | $14.95B | $16.65B | $17.22B | $19.82B | $20.72B | $22.74B | $24.46B | $26.98B |
| YoY % | +6.2% | +6.6% | +11.4% | +3.4% | +15.1% | +4.5% | +9.7% | +7.6% | +10.3% | |||
| Total Operating Expenses | $10.65B | $10.47B | $10.78B | $11.37B | $12.19B | $13.97B | $14.16B | $15.51B | $16.44B | $17.45B | $18.64B | $20.76B |
| YoY % | -1.7% | +2.9% | +5.5% | +7.2% | +14.7% | +1.3% | +9.5% | +6.0% | +6.2% | +6.8% | +11.4% | |
| Operating Income | $2.30B | $2.42B | $2.43B | $2.65B | $2.76B | $2.68B | $3.07B | $4.31B | $4.28B | $5.28B | $5.82B | $6.22B |
| YoY % | +5.1% | +0.5% | +9.2% | +4.0% | -3.0% | +14.5% | +40.6% | -0.7% | +23.4% | +10.1% | +7.0% | |
| Interest Expense | — | — | — | — | — | — | — | — | $469.0M | $578.0M | $700.0M | $960.0M |
| YoY % | +23.2% | +21.1% | +37.1% | |||||||||
| Interest & Investment Income | $21.0M | $13.0M | $5.0M | $9.0M | $11.0M | $39.0M | $7.0M | $2.0M | $15.0M | $78.0M | $83.0M | $48.0M |
| YoY % | -38.1% | -61.5% | +80.0% | +22.2% | +254.5% | -82.1% | -71.4% | +650.0% | +420.0% | +6.4% | -42.2% | |
| Equity Method Income | — | — | — | — | $17.0M | $12.0M | — | — | — | — | — | — |
| YoY % | -29.4% | |||||||||||
| Pretax Income | $2.06B | $2.31B | $2.48B | $2.64B | $2.24B | $2.44B | $2.79B | $4.21B | $4.08B | $5.03B | $5.48B | $5.54B |
| YoY % | +12.2% | +7.5% | +6.6% | -15.1% | +8.7% | +14.5% | +50.7% | -3.0% | +23.1% | +9.0% | +1.1% | |
| Income Tax | $586.0M | $671.0M | $685.0M | $1.13B | $574.0M | $666.0M | $747.0M | $1.03B | $995.0M | $1.22B | $1.36B | $1.30B |
| YoY % | +14.5% | +2.1% | +65.4% | -49.3% | +16.0% | +12.2% | +38.4% | -3.8% | +23.0% | +11.4% | -4.3% | |
| Income from Continuing Operations | $1.44B | $1.60B | $1.77B | $1.49B | $1.65B | $1.74B | — | — | — | — | — | — |
| YoY % | +11.1% | +10.6% | -15.7% | +10.7% | +5.6% | |||||||
| Income from Discontinued Operations | $26.0M | $0 | $0 | $2.0M | $0 | $0 | — | — | — | — | — | — |
| YoY % | -100.0% | -100.0% | ||||||||||
| Net Income (incl. NCI) | $1.50B | $1.64B | $1.79B | $1.51B | $1.67B | $1.77B | $2.05B | $3.17B | $3.09B | $3.80B | $4.12B | $4.23B |
| YoY % | +9.3% | +9.7% | -15.8% | +10.4% | +6.2% | +15.4% | +55.1% | -2.7% | +23.2% | +8.3% | +2.8% | |
| Minority Interest (P&L) | $32.0M | $37.0M | $27.0M | $20.0M | $20.0M | $31.0M | $30.0M | $31.0M | $37.0M | $46.0M | $57.0M | $74.0M |
| YoY % | +15.6% | -27.0% | -25.9% | 0.0% | +55.0% | -3.2% | +3.3% | +19.4% | +24.3% | +23.9% | +29.8% | |
| Net Income | $1.47B | $1.60B | $1.77B | $1.49B | $1.65B | $1.74B | $2.02B | $3.14B | $3.05B | $3.76B | $4.06B | $4.16B |
| YoY % | +9.1% | +10.6% | -15.6% | +10.6% | +5.6% | +15.7% | +55.9% | -3.0% | +23.1% | +8.1% | +2.5% | |
| EPS (Basic) | $2.69 | $3.01 | $3.41 | $2.91 | $3.26 | $3.44 | $3.98 | $6.20 | $6.11 | $7.60 | $8.26 | $8.48 |
| YoY % | +11.9% | +13.3% | -14.7% | +12.0% | +5.5% | +15.7% | +55.8% | -1.5% | +24.4% | +8.7% | +2.7% | |
| EPS (Diluted) | $2.65 | $2.98 | $3.38 | $2.87 | $3.23 | $3.41 | $3.94 | $6.13 | $6.04 | $7.53 | $8.18 | $8.43 |
| YoY % | +12.5% | +13.4% | -15.1% | +12.5% | +5.6% | +15.5% | +55.6% | -1.5% | +24.7% | +8.6% | +3.1% | |
| Weighted Avg Shares (Basic) | 545.0M | 531.0M | 519.0M | 513.0M | 506.0M | 506.0M | 506.0M | 507.0M | 499.0M | 494.0M | 492.0M | 491.0M |
| YoY % | -2.6% | -2.3% | -1.2% | -1.4% | 0.0% | 0.0% | +0.2% | -1.6% | -1.0% | -0.4% | -0.2% | |
| Weighted Avg Shares (Diluted) | 553.0M | 536.0M | 524.0M | 519.0M | 511.0M | 511.0M | 512.0M | 513.0M | 505.0M | 499.0M | 496.0M | 494.0M |
| YoY % | -3.1% | -2.2% | -1.0% | -1.5% | 0.0% | +0.2% | +0.2% | -1.6% | -1.2% | -0.6% | -0.4% | |
| Dividends Declared per Share | — | — | — | — | — | — | — | — | $2 | $3 | $3 | $3 |
| YoY % | +15.6% | +17.3% | +12.5% |
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.
| reported |
| FY20222022-12-31 | $2.25 | — | reported |
| FY20212021-12-31 | $2.00 | +8.6% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $1.84 | +5.7% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $1.74 | +10.3% | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $1.58 | +10.8% | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | $1.43 | +9.5% | derived (paid ÷ diluted shares) |
| FY20162016-12-31 | $1.30 | +10.4% | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-07-23 | $0.9900 | 2026-08-14 | quarterly | licensed |
| 2026-04-09 | $0.9000 | 2026-05-15 | quarterly | licensed |
| 2026-01-29 | $0.9000 | — | quarterly | licensed |
| 2025-10-02 | $0.9000 | 2025-11-14 | quarterly | licensed |
| 2025-07-24 | $0.9000 | 2025-08-15 | quarterly | licensed |
| 2025-04-03 | $0.8122 | 2025-05-15 | quarterly | licensed |
| 2025-01-30 | $0.8150 | 2025-02-14 | quarterly | licensed |
| 2024-10-04 | $0.8150 | 2024-11-15 | quarterly | licensed |
