| Market Cap | $53.64B | |
| Enterprise Value | $61.88B | |
| Revenue | $8.73B | +11.6% |
| Gross Profit | $5.61B | +12.9% |
| EBITDA | $3.23B | +22.9% |
| Net Income | $1.97B | +60.1% |
| Diluted EPS | $3.09 | +60.1% |
| Free Cash Flow | $1.95B | +14.8% |
| DPS (FY2025) | $1.05 |
| Trailing yield | 1.09% |
| Payout ratio | 33.6% |
| Growth streak | 5 yrs |
| 5y DPS growth | 10.1% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.05 | +11.7% | reported |
| FY20242024-12-31 | $0.94 | +9.3% | reported |
| FY20232023-12-31 | $0.86 | +10.3% | reported |
| FY20222022-12-31 | $0.78 | +11.4% | reported |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | — | — | — | — | — | 58.10% | 57.53% | 64.23% | 62.82% | 63.53% | 70% | 67% | |
| Operating Margin | 21.54% | 21.16% | 22.57% | 25.10% | 24.04% | 23.88% | 21.94% | 24.48% | 25.12% | 26.02% | 24.30% | 28.21% | 96% | 63% | |
| EBITDA Margin | 25.46% | 25.21% | 27.16% | 29.86% | 28.95% | 28.35% | 25.53% | 29.20% | 29.26% | 31.35% | 32.58% | 35.86% | 96% | 59% | |
| NOPAT Margin | 14.98% | 14.34% | 17.99% | 20.98% | 10.35% | 18.14% | 16.89% | 18.94% | 19.13% | 19.63% | 18.70% | 23.50% | 96% | 63% | |
| Net Margin | 11.83% | 12.58% | 2.86% | 18.47% | 10.71% | 18.18% | 16.59% | 20.17% | 18.07% | 17.46% | 15.09% | 21.64% | 96% | 61% | |
| FCF Margin | — | 17.46% | 17.33% | 19.38% | 21.44% | 19.63% | 18.92% | 15.63% | 24.96% | 25.36% | 23.41% | 24.07% | 77% | 62% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 26.54% | 28.90% | 27.71% | 27.77% | 63% | 44% | |
| FCFE Margin | — | 6.61% | 52.43% | 17.98% | −81.76% | 7.07% | 60.50% | 16.00% | 16.00% | 21.08% | 16.36% | 14.08% | 32% | 40% | |
| OCF Margin | — | 21.36% | 20.95% | 23.02% | 24.04% | 22.62% | 22.26% | 18.40% | 27.40% | 27.97% | 26.20% | 27.29% | 77% | 53% | |
| Gross Profitability | 17.12% | 17.62% | 16.97% | 15.70% | 16.09% | 18.21% | 16.15% | 17.00% | 17.17% | 12.06% | 15.30% | 16.90% | 46% | 73% | |
| Capex Intensity | 4.00% | 3.91% | 3.62% | 3.65% | 2.60% | 2.98% | 3.34% | 2.77% | 2.44% | 2.61% | 2.80% | 3.22% | 54% | 68% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 8 ratios | |||||||||||||||
| ▸Working capital · 3 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 14.8% vs reported ROE 15.3%. 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 | $3.50B | $3.40B | $3.70B | $3.95B | $4.28B | $4.26B | $5.63B | $5.89B | $6.23B | $6.06B | $7.40B | $8.26B |
| YoY % | -2.8% | +8.8% | +6.6% | +8.3% | -0.4% | +32.1% | +4.6% | +5.8% | -2.6% | +22.0% | +11.6% | |
| Cost of Revenue | — | — | — | — | — | — | — | $2.47B | $2.64B | $2.17B | $2.75B | $3.01B |
| YoY % | +7.2% | -18.0% | +26.8% | +9.5% | ||||||||
| Gross Profit | $2.07B | $2.09B | $2.28B | $2.41B | $2.53B | $2.54B | $2.90B | $3.42B | $3.58B | $3.90B | $4.65B | $5.25B |
| YoY % | +1.1% | +8.9% | +5.9% | +4.8% | +0.4% | +14.5% | +17.8% | +4.7% | +8.7% | +19.4% | +12.9% | |
| SG&A Expense | $89.0M | $65.0M | $73.0M | $82.0M | $120.0M | $125.0M | $142.0M | $85.0M | $125.0M | $113.0M | $109.0M | $75.0M |
| YoY % | -27.0% | +12.3% | +12.3% | +46.3% | +4.2% | +13.6% | -40.1% | +47.1% | -9.6% | -3.5% | -31.2% | |
| Total Operating Expenses | $1.31B | $1.37B | $1.44B | $1.42B | $1.50B | $1.52B | $1.67B | $1.98B | $2.02B | $2.32B | $2.85B | $2.92B |
| YoY % | +4.3% | +5.1% | -1.4% | +5.5% | +1.3% | +9.9% | +18.6% | +2.0% | +14.8% | +23.0% | +2.4% | |
| Operating Income | $754.0M | $720.0M | $836.0M | $991.0M | $1.03B | $1.02B | $1.23B | $1.44B | $1.56B | $1.58B | $1.80B | $2.33B |
| YoY % | -4.5% | +16.1% | +18.5% | +3.7% | -1.1% | +21.3% | +16.8% | +8.5% | +0.9% | +13.9% | +29.6% | |
| Interest Expense | — | — | — | — | — | — | — | — | $129.0M | $284.0M | $414.0M | $367.0M |
| YoY % | +120.2% | +45.8% | -11.4% | |||||||||
| Interest & Investment Income | $6.0M | $4.0M | $5.0M | $7.0M | $10.0M | $10.0M | $4.0M | $1.0M | $7.0M | $115.0M | $28.0M | $39.0M |
| YoY % | -33.3% | +25.0% | +40.0% | +42.9% | 0.0% | -60.0% | -75.0% | +600.0% | +1542.9% | -75.7% | +39.3% | |
| Other Non-Operating Income | — | — | — | — | — | — | $5.0M | $81.0M | $2.0M | -$1.0M | $21.0M | -$27.0M |
| YoY % | +1520.0% | -97.5% | ||||||||||
| Equity Method Income | $0 | $17.0M | $2.0M | $15.0M | $18.0M | $84.0M | $70.0M | $52.0M | $31.0M | -$7.0M | $16.0M | $83.0M |
| YoY % | -88.2% | +650.0% | +20.0% | +366.7% | -16.7% | -25.7% | -40.4% | +418.8% | ||||
| Impairment of Real Estate | — | — | — | — | — | — | $14.0M | $4.0M | $8.0M | $12.0M | $37.0M | — |
| YoY % | -71.4% | +100.0% | +50.0% | +208.3% | ||||||||
| Pretax Income | $594.0M | $630.0M | $133.0M | $872.0M | $1.06B | $1.02B | $1.21B | $1.53B | $1.48B | $1.40B | $1.45B | $2.15B |
| YoY % | +6.1% | -78.9% | +555.6% | +22.0% | -4.2% | +18.9% | +26.6% | -3.8% | -5.0% | +3.4% | +48.0% | |
| Income Tax | $181.0M | $203.0M | $27.0M | $143.0M | $606.0M | $245.0M | $279.0M | $347.0M | $352.0M | $344.0M | $334.0M | $358.0M |
| YoY % | +12.2% | -86.7% | +429.6% | +323.8% | -59.6% | +13.9% | +24.4% | +1.4% | -2.3% | -2.9% | +7.2% | |
| Net Income (incl. NCI) | $413.0M | $427.0M | $106.0M | $729.0M | $458.0M | — | $933.0M | $1.19B | $1.12B | $1.06B | $1.11B | $1.79B |
| YoY % | +3.4% | -75.2% | +587.7% | -37.2% | +27.2% | -5.4% | -5.9% | +5.5% | +60.3% | |||
| Minority Interest (P&L) | -$1.0M | -$1.0M | $0 | $0 | — | — | $0 | $0 | -$2.0M | -$2.0M | -$2.0M | -$1.0M |
| Net Income | $414.0M | $428.0M | $106.0M | $729.0M | $458.0M | $774.0M | $933.0M | $1.19B | $1.13B | $1.06B | $1.12B | $1.79B |
| YoY % | +3.4% | -75.2% | +587.7% | -37.2% | +69.0% | +20.5% | +27.2% | -5.2% | -5.9% | +5.5% | +60.1% | |
| EPS (Basic) | $2.45 | $2.56 | $0.64 | $4.38 | $2.77 | $4.69 | $1.89 | $2.38 | $2.28 | $2.10 | $1.94 | $3.12 |
| YoY % | +4.5% | -75.0% | +584.4% | -36.8% | +69.3% | -59.7% | +25.9% | -4.2% | -7.9% | -7.6% | +60.8% | |
| EPS (Diluted) | $2.39 | $2.50 | $0.63 | $4.30 | $2.73 | $4.63 | $1.86 | $2.35 | $2.26 | $2.08 | $1.93 | $3.09 |
| YoY % | +4.6% | -74.8% | +582.5% | -36.5% | +69.6% | -59.8% | +26.3% | -3.8% | -8.0% | -7.2% | +60.1% | |
| Weighted Avg Shares (Basic) | 168.9M | 167.3M | 165.2M | 166.4M | 165.3M | 164.9M | 493.2M | 497.7M | 492.4M | 504.9M | 575.4M | 573.3M |
| YoY % | -1.0% | -1.3% | +0.7% | -0.6% | -0.3% | +199.1% | +0.9% | -1.1% | +2.5% | +14.0% | -0.4% | |
| Weighted Avg Shares (Diluted) | 173.0M | 171.3M | 168.8M | 169.6M | 167.7M | 167.0M | 500.7M | 505.1M | 497.9M | 508.4M | 579.2M | 578.6M |
| YoY % | -1.0% | -1.4% | +0.5% | -1.1% | -0.4% | +199.9% | +0.9% | -1.4% | +2.1% | +13.9% | -0.1% | |
| Dividends Declared per Share | $1 | $1 | $1 | $1 | $2 | $2 | $1 | $1 | $1 | $1 | $1 | $1 |
| YoY % | +55.2% | +34.4% | +20.7% | +16.4% | +8.8% | -64.9% | +7.7% | +11.4% | +10.3% | +9.3% | +11.7% |
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.
| FY20212021-12-31 | $0.70 | +7.7% | reported |
| FY20202020-12-31 | $0.65 | — | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-12 | $0.3100 | 2026-06-26 | quarterly | licensed |
| 2026-03-16 | $0.2700 | 2026-03-30 | quarterly | licensed |
| 2025-12-05 | $0.2700 | 2025-12-19 | quarterly | licensed |
| 2025-09-12 | $0.2700 | — | quarterly | licensed |
| 2025-06-13 | $0.2700 | 2025-06-27 | quarterly | licensed |
| 2025-03-14 | $0.2400 | — | quarterly | licensed |
| 2024-12-06 | $0.2400 | — | quarterly | licensed |
| 2024-09-13 | $0.2400 | — | quarterly | licensed |
