| Market Cap | $303.07B | |
| Enterprise Value | $292.32B | |
| Revenue | $54.53B | +8.4% |
| Gross Profit | $42.98B | +10.5% |
| EBITDA | $18.59B | +20.5% |
| Net Income | $13.98B | +17.1% |
| Diluted EPS | $7.15 | +21.8% |
| Free Cash Flow | $17.60B | +8.3% |
| DPS (FY2025) | $4.00derived |
| Trailing yield | 2.52% |
| Payout ratio | 55.9% |
| Growth streak | 6 yrs |
| 5y DPS growth | 5.6% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $4.00 | +6.7% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $3.75 | +8.0% | derived (paid ÷ diluted shares) |
| FY20232023-12-31 |
| Ratio | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 11y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||||||
| Gross Margin | — | 63.89% | 67.83% | 67.64% | 69.63% | 68.92% | 72.57% | 72.56% | 72.55% | 74.51% | 74.88% | 95% | 93% | |
| Operating Margin | — | 17.04% | 20.53% | 18.74% | 19.13% | 20.86% | 23.51% | 18.83% | 21.50% | 28.90% | 32.36% | 95% | 95% | |
| EBITDA Margin | — | — | — | — | — | — | 26.33% | 21.58% | — | 30.66% | 34.10% | 88% | 93% | |
| NOPAT Margin | — | 14.60% | 16.92% | 17.02% | 15.29% | 17.05% | 21.95% | 15.87% | 20.20% | 25.30% | 27.64% | 95% | 95% | |
| Net Margin | — | 13.83% | 18.18% | 28.13% | 24.70% | 16.59% | 56.15% | 16.48% | 32.68% | 23.73% | 25.64% | 65% | 94% | |
| FCF Margin | — | 19.81% | 26.65% | 29.04% | 25.78% | 25.43% | 32.74% | 31.56% | 29.49% | 32.30% | 32.27% | 75% | 98% | |
| FCFF Margin | — | 21.06% | 28.11% | 30.92% | 27.21% | 26.89% | 34.45% | 33.16% | 31.25% | 34.05% | 34.06% | 85% | 98% | |
| FCFE Margin | — | 24.05% | 36.33% | 38.35% | 15.92% | 40.61% | 19.43% | 26.09% | 25.79% | 42.12% | 37.24% | 65% | 97% | |
| OCF Margin | — | 23.65% | 29.78% | 31.83% | 28.69% | 28.05% | 35.23% | 33.73% | 31.82% | 35.02% | 35.11% | 85% | 96% | |
| Gross Profitability | — | — | 22.37% | 21.70% | 28.94% | 27.22% | 24.46% | 27.14% | 34.21% | 38.04% | 38.73% | 94% | 83% | |
| Capex Intensity | — | 3.84% | 3.13% | 2.80% | 2.90% | 2.62% | 2.49% | 2.17% | 2.33% | 2.71% | 2.84% | 65% | 41% | |
| ▸Returns on Capital · 6 ratios | ||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||||||||
| ▸Earnings quality · 7 ratios | ||||||||||||||
| ▸Liquidity & coverage · 9 ratios | ||||||||||||||
| ▸Leverage · 9 ratios | ||||||||||||||
| ▸Working capital · 5 ratios | ||||||||||||||
| ▸Capital allocation · 5 ratios | ||||||||||||||
| ▸Per share · 6 ratios | ||||||||||||||
| ▸Other · 1 ratios | ||||||||||||||
The five drivers multiply to 31.6% vs reported ROE 31.0%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.52B | $42.38B | $44.83B | $47.50B | $48.66B | $42.78B | $42.21B | $45.44B | $50.32B | $54.53B |
| YoY % | -12.6% | +5.8% | +5.9% | +2.4% | -12.1% | -1.3% | +7.7% | +10.7% | +8.4% | |
| Cost of Revenue | $17.52B | $13.63B | $14.51B | $14.43B | $15.12B | $11.73B | $11.58B | $12.47B | $12.83B | $13.70B |
| YoY % | -22.2% | +6.4% | -0.6% | +4.8% | -22.4% | -1.3% | +7.7% | +2.8% | +6.8% | |
| Gross Profit | $31.92B | $29.77B | $31.59B | $34.25B | $34.78B | $32.24B | $31.88B | $34.19B | $38.90B | $42.98B |
| YoY % | -6.7% | +6.1% | +8.4% | +1.5% | -7.3% | -1.1% | +7.2% | +13.8% | +10.5% | |
| R&D Expense | $9.04B | $8.39B | $8.49B | $9.40B | $8.98B | $8.64B | $9.17B | $11.37B | $10.02B | $11.20B |
| YoY % | -7.2% | +1.2% | +10.8% | -4.5% | -3.8% | +6.1% | +24.0% | -11.9% | +11.8% | |
| SG&A Expense | $14.19B | $12.46B | $13.72B | $14.37B | $14.20B | $12.83B | $12.19B | $12.52B | $12.57B | $13.25B |
| YoY % | -12.2% | +10.0% | +4.8% | -1.2% | -9.6% | -4.9% | +2.7% | +0.4% | +5.4% | |
| Operating Income | $8.27B | $8.70B | $8.40B | $9.09B | $10.15B | $10.06B | $7.95B | $9.77B | $14.54B | $17.64B |
| YoY % | +5.2% | -3.4% | +8.1% | +11.7% | -0.9% | -21.0% | +22.9% | +48.9% | +21.3% | |
| Interest Expense | $707.0M | $750.0M | $932.0M | $850.0M | $869.0M | $787.0M | $800.0M | $855.0M | $1.01B | $1.14B |
| YoY % | +6.1% | +24.3% | -8.8% | +2.2% | -9.4% | +1.7% | +6.9% | +17.7% | +13.7% | |
| Interest & Investment Income | $43.0M | $110.0M | $292.0M | $245.0M | $91.0M | $70.0M | $377.0M | $627.0M | $568.0M | $373.0M |
| YoY % | +155.8% | +165.5% | -16.1% | -62.9% | -23.1% | +438.6% | +66.3% | -9.4% | -34.3% | |
| Equity Method Income | $703.0M | $1.11B | $6.44B | $659.0M | $673.0M | $15.34B | -$11.0M | -$13.0M | -$38.0M | -$12.0M |
| YoY % | +57.6% | +481.0% | -89.8% | +2.1% | +2178.9% | |||||
| Pretax Income | $7.82B | $9.10B | $14.10B | $8.94B | $9.88B | $24.53B | $7.18B | $9.12B | $13.64B | $16.35B |
| YoY % | +16.4% | +54.9% | -36.6% | +10.5% | +148.3% | -70.7% | +27.1% | +49.5% | +19.9% | |
| Income Tax | $1.12B | $1.60B | $1.29B | $1.79B | $1.81B | $1.63B | $1.13B | $551.0M | $1.70B | $2.38B |
| YoY % | +43.3% | -19.2% | +38.5% | +0.8% | -10.1% | -30.6% | -51.2% | +208.7% | +40.2% | |
| Income from Continuing Operations | — | $7.50B | $12.80B | $7.15B | $8.07B | $22.91B | $6.05B | $8.57B | $11.94B | $13.97B |
| YoY % | +70.7% | -44.2% | +12.9% | +183.8% | -73.6% | +41.7% | +39.3% | +17.0% | ||
| Income from Discontinued Operations | — | $204.0M | -$186.0M | $4.59B | — | $1.11B | $906.0M | $6.28B | — | — |
| YoY % | -18.6% | +593.4% | ||||||||
| Net Income (incl. NCI) | $6.70B | $7.70B | $12.61B | $11.74B | $8.07B | $24.02B | $6.96B | $14.85B | $11.94B | $13.97B |
| YoY % | +15.0% | +63.8% | -7.0% | -31.2% | +197.6% | -71.0% | +113.6% | -19.6% | +17.0% | |
| Minority Interest (P&L) | -$14.0M | $0 | $3.0M | $5.0M | -$1.0M | -$3.0M | $0 | $4.0M | -$2.0M | -$17.0M |
| YoY % | +66.7% | |||||||||
| Net Income | $6.71B | $7.70B | $12.61B | $11.73B | $8.07B | $24.02B | $6.96B | $14.85B | $11.94B | $13.98B |
| YoY % | +14.8% | +63.7% | -7.0% | -31.2% | +197.6% | -71.0% | +113.5% | -19.6% | +17.1% | |
| EPS (Basic) | $2.82 | $3.28 | $5.44 | $5.12 | $3.55 | $10.71 | $3.19 | $7.15 | $5.92 | $7.21 |
| YoY % | +16.3% | +65.9% | -5.9% | -30.7% | +201.7% | -70.2% | +124.1% | -17.2% | +21.8% | |
| EPS (Diluted) | $2.80 | $3.25 | $5.38 | $5.06 | $3.52 | $10.63 | $3.17 | $7.10 | $5.87 | $7.15 |
| YoY % | +16.1% | +65.5% | -5.9% | -30.4% | +202.0% | -70.2% | +124.0% | -17.3% | +21.8% | |
| Weighted Avg Shares (Basic) | 2.38B | 2.35B | 2.32B | 2.29B | 2.28B | 2.24B | 2.18B | 2.08B | 2.02B | 1.94B |
| YoY % | -1.3% | -1.2% | -1.2% | -0.6% | -1.5% | -2.8% | -4.8% | -2.8% | -3.9% | |
| Weighted Avg Shares (Diluted) | 2.40B | 2.37B | 2.34B | 2.32B | 2.30B | 2.26B | 2.20B | 2.09B | 2.04B | 1.96B |
| YoY % | -1.2% | -1.1% | -1.1% | -1.0% | -1.6% | -2.8% | -4.8% | -2.7% | -3.9% |
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.
| $3.47 |
| +1.5% |
| derived (paid ÷ diluted shares) |
| FY20222022-12-31 | $3.42 | +4.8% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $3.26 | +7.1% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $3.04 | +6.2% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $2.87 | −3.6% | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $2.97 | +8.5% | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | $2.74 | +1.5% | derived (paid ÷ diluted shares) |
| FY20162016-12-31 | $2.70 | — | derived (paid ÷ diluted shares) |
