| Market Cap | $11.53B | |
| Enterprise Value | $15.98B | |
| Revenue | $9.84B | +2.6% |
| Gross Profit | $2.62B | −6.7% |
| EBITDA | $782.0M | −51.2% |
| Net Income | -$534.0M | −180.7% |
| Diluted EPS | -$6.22 | −184.4% |
| Free Cash Flow | $827.0M | −22.7% |
| DPS (FY2025) | $2.86 |
| Trailing yield | 2.00% |
| Payout ratio | — |
| Growth streak | 11 yrs |
| 5y DPS growth | 23.9% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $2.86 | +14.9% | reported |
| FY20242024-12-31 | $2.49 | +15.3% | reported |
| FY20232023-12-31 | $2.16 | +37.6% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 24.26% | 24.58% | 23.13% | 22.47% | 22.82% | 26.09% | 26.80% | 29.03% | 30.87% | 28.09% | 75% | 48% | |
| Operating Margin | 7.45% | 10.24% | 12.28% | 12.48% | 11.44% | 10.99% | −1.96% | 16.92% | 17.56% | 19.58% | 15.04% | 3.56% | 13% | 43% | |
| EBITDA Margin | 13.23% | 15.85% | 18.32% | 18.30% | 17.57% | 17.37% | 5.03% | 22.83% | 23.00% | 26.85% | 21.92% | 10.43% | 13% | 46% | |
| NOPAT Margin | — | — | — | — | — | — | −1.55% | 12.81% | 13.50% | 14.57% | 11.10% | 0.00% | 25% | 28% | |
| Net Margin | 4.30% | 6.17% | 6.92% | 4.53% | 7.72% | 5.66% | −5.43% | 11.71% | 12.71% | 14.29% | 6.57% | −5.17% | 13% | 31% | |
| FCF Margin | 1.16% | 6.37% | 10.04% | 10.64% | 3.77% | 8.24% | 11.74% | 12.79% | 13.46% | 14.25% | 12.64% | 9.52% | 38% | 69% | |
| FCFF Margin | — | — | — | — | — | — | — | 13.91% | 14.32% | 14.91% | 14.20% | 9.52% | 10% | 47% | |
| FCFE Margin | 1.50% | 5.81% | 14.02% | 14.36% | 9.51% | 7.75% | 15.68% | 10.57% | 13.41% | 14.25% | 23.75% | 9.23% | 29% | 65% | |
| OCF Margin | 8.59% | 13.87% | 16.61% | 15.91% | 11.38% | 14.48% | 16.09% | 17.69% | 18.03% | 20.53% | 19.21% | 17.68% | 63% | 74% | |
| Gross Profitability | 12.94% | 15.74% | 17.79% | 18.18% | 16.70% | 16.08% | 16.98% | 22.14% | 24.33% | 21.62% | 21.61% | 21.86% | 79% | 66% | |
| Capex Intensity | 7.43% | 7.50% | 6.57% | 5.28% | 7.61% | 6.24% | 4.35% | 4.90% | 4.57% | 6.28% | 6.57% | 8.16% | 96% | 61% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to -13.0% vs reported ROE -11.7%. 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 | $5.26B | $5.35B | $5.68B | $6.38B | $7.06B | $7.16B | $7.05B | $8.50B | $9.76B | $8.37B | $9.85B | $10.10B |
| YoY % | +1.7% | +6.1% | +12.5% | +10.5% | +1.5% | -1.5% | +20.5% | +14.9% | -14.2% | +17.7% | +2.6% | |
| Cost of Revenue | — | — | $4.30B | $4.82B | $5.42B | $5.55B | $5.45B | $6.28B | $7.14B | $5.94B | $6.81B | $7.26B |
| YoY % | +12.0% | +12.7% | +2.3% | -1.9% | +15.4% | +13.8% | -16.8% | +14.6% | +6.7% | |||
| Gross Profit | $976.0M | $1.15B | $1.38B | $1.57B | $1.63B | $1.61B | $1.61B | $2.22B | $2.62B | $2.43B | $3.04B | $2.84B |
| YoY % | +18.1% | +19.4% | +13.9% | +4.0% | -1.4% | +0.1% | +37.7% | +18.0% | -7.1% | +25.1% | -6.7% | |
| R&D Expense | $76.0M | $73.0M | $82.0M | $85.0M | $89.0M | $87.0M | $82.0M | $91.0M | $106.0M | $110.0M | $131.0M | $150.0M |
| YoY % | -3.9% | +12.3% | +3.7% | +4.7% | -2.2% | -5.7% | +11.0% | +16.5% | +3.8% | +19.1% | +14.5% | |
| SG&A Expense | — | — | — | — | — | — | — | — | — | $748.0M | $959.0M | $1.01B |
| YoY % | +28.2% | +5.7% | ||||||||||
| Total Operating Expenses | $584.0M | $605.0M | $680.0M | $772.0M | $825.0M | $822.0M | $1.75B | $779.0M | $902.0M | $791.0M | $1.56B | $2.48B |
| YoY % | +3.6% | +12.4% | +13.5% | +6.9% | -0.4% | +112.7% | -55.4% | +15.8% | -12.3% | +97.1% | +58.9% | |
| Operating Income | $392.0M | $548.0M | $697.0M | $797.0M | $807.0M | $787.0M | -$138.0M | $1.44B | $1.71B | $1.64B | $1.48B | $360.0M |
| YoY % | +39.8% | +27.2% | +14.3% | +1.3% | -2.5% | +19.2% | -4.4% | -9.6% | -75.7% | |||
| Interest Expense | $114.0M | $100.0M | $108.0M | $107.0M | $117.0M | $131.0M | $132.0M | $126.0M | $109.0M | $74.0M | $208.0M | $256.0M |
| YoY % | -12.3% | +8.0% | -0.9% | +9.3% | +12.0% | +0.8% | -4.5% | -13.5% | -32.1% | +181.1% | +23.1% | |
| Equity Method Income | $1.0M | $1.0M | -$3.0M | $0 | -$1.0M | $1.0M | $0 | $0 | $130.0M | $0 | $0 | — |
| YoY % | 0.0% | -100.0% | -100.0% | |||||||||
| Impairment of Real Estate | — | — | — | — | — | — | — | — | $0 | $0 | $483.0M | $0 |
| YoY % | -100.0% | |||||||||||
| Pretax Income | — | — | — | — | — | — | -$256.0M | $1.31B | $1.61B | $1.42B | $1.27B | $104.0M |
| YoY % | +22.9% | -11.9% | -10.3% | -91.8% | ||||||||
| Income Tax | $5.0M | $120.0M | $188.0M | $269.0M | $156.0M | $186.0M | $129.0M | $319.0M | $373.0M | $364.0M | $334.0M | $293.0M |
| YoY % | +2300.0% | +56.7% | +43.1% | -42.0% | +19.2% | -30.6% | +147.3% | +16.9% | -2.4% | -8.2% | -12.3% | |
| Income from Continuing Operations | — | — | — | — | — | — | — | — | — | $1.06B | $947.0M | -$188.0M |
| YoY % | -11.0% | |||||||||||
| Net Income (incl. NCI) | $228.0M | $334.0M | $399.0M | $290.0M | $547.0M | $405.0M | -$385.0M | $995.0M | $1.24B | $1.19B | $647.0M | -$522.0M |
| YoY % | +46.5% | +19.5% | -27.3% | +88.6% | -26.0% | +24.7% | -3.9% | -45.8% | ||||
| Minority Interest (P&L) | $2.0M | $4.0M | $6.0M | $1.0M | $2.0M | $0 | -$2.0M | $0 | $0 | -$3.0M | $0 | $0 |
| YoY % | +100.0% | +50.0% | -83.3% | +100.0% | -100.0% | |||||||
| Net Income | $226.0M | $330.0M | $393.0M | $289.0M | $545.0M | $405.0M | -$383.0M | $995.0M | $1.24B | $1.20B | $647.0M | -$522.0M |
| YoY % | +46.0% | +19.1% | -26.5% | +88.6% | -25.7% | +24.7% | -3.6% | -45.9% | ||||
| EPS (Basic) | $1.92 | $2.82 | $3.44 | $2.59 | $4.94 | $3.71 | -$3.53 | $9.61 | $12.85 | $13.27 | $7.45 | -$6.22 |
| YoY % | +46.9% | +22.0% | -24.7% | +90.7% | -24.9% | +33.7% | +3.3% | -43.9% | ||||
| EPS (Diluted) | $1.91 | $2.79 | $3.41 | $2.55 | $4.89 | $3.68 | -$3.53 | $9.54 | $12.70 | $13.14 | $7.37 | -$6.22 |
| YoY % | +46.1% | +22.2% | -25.2% | +91.8% | -24.7% | +33.1% | +3.5% | -43.9% | ||||
| Weighted Avg Shares (Basic) | 117.5M | 117.2M | 114.4M | 111.5M | 110.4M | 109.2M | 108.6M | 103.5M | 96.6M | 90.1M | 86.9M | 84.0M |
| YoY % | -0.3% | -2.4% | -2.5% | -1.0% | -1.1% | -0.5% | -4.7% | -6.7% | -6.7% | -3.6% | -3.3% | |
| Weighted Avg Shares (Diluted) | 118.3M | 118.2M | 115.4M | 113.2M | 111.4M | 110.1M | 108.6M | 104.3M | 97.7M | 91.0M | 87.8M | 84.0M |
| YoY % | -0.1% | -2.4% | -1.9% | -1.6% | -1.2% | -1.4% | -4.0% | -6.3% | -6.9% | -3.5% | -4.3% | |
| Dividends Declared per Share | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $2 | $2 | $2 | $3 |
| YoY % | +6.3% | +8.8% | +9.5% | +4.9% | +5.9% | +8.9% | +15.3% | +38.9% | +37.6% | +15.3% | +14.9% |
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.
| reported |
| FY20222022-12-31 | $1.57 | +38.9% | reported |
| FY20212021-12-31 | $1.13 | +15.3% | reported |
| FY20202020-12-31 | $0.98 | +8.9% | reported |
| FY20192019-12-31 | $0.90 | +5.9% | reported |
| FY20182018-12-31 | $0.85 | +4.9% | reported |
| FY20172017-12-31 | $0.81 | +9.5% | reported |
| FY20162016-12-31 | $0.74 | +8.8% | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-07-20 | $0.7900 | — | quarterly | licensed |
| 2026-03-09 | $0.7900 | 2026-04-09 | quarterly | licensed |
| 2026-01-05 | $0.7900 | 2026-01-21 | quarterly | licensed |
| 2025-10-20 | $0.6900 | 2025-11-06 | quarterly | licensed |
| 2025-07-21 | $0.6900 | 2025-08-07 | quarterly | licensed |
| 2025-03-10 | $0.6900 | — | quarterly | licensed |
| 2025-01-06 | $0.6900 | — | quarterly | licensed |
| 2024-10-18 | $0.6000 | — | quarterly | licensed |
