| Market Cap | $39.34B | |
| Enterprise Value | $61.76B | |
| Revenue | $12.79B | +18.3% |
| Gross Profit | $9.60B | — |
| EBITDA | — | — |
| Net Income | $2.26B | +19.1% |
| Diluted EPS | $4.22 | +19.2% |
| Free Cash Flow | $183.0M | — |
| DPS (FY2025) | $2.51derived |
| Trailing yield | 3.18% |
| Payout ratio | 59.6% |
| Growth streak | 11 yrs |
| 5y DPS growth | 5.1% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $2.51 | +5.0% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $2.39 | +5.2% | derived (paid ÷ diluted shares) |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 67.64% | 69.45% | 66.74% | 66.53% | 68.18% | — | — | — | — | — | — | — | |
| Operating Margin | 24.10% | 28.44% | 17.82% | 15.71% | 23.70% | 19.28% | 23.64% | −8.80% | 14.09% | 32.79% | 22.87% | 24.49% | 79% | 60% | |
| EBITDA Margin | 35.37% | 40.10% | 34.29% | 37.55% | 35.64% | — | — | — | — | — | — | — | — | — | |
| NOPAT Margin | 14.89% | 17.82% | 12.18% | 15.71% | 18.37% | 16.74% | 19.57% | −6.96% | 14.09% | 27.28% | 22.20% | 21.78% | 79% | 68% | |
| Net Margin | 13.94% | 16.12% | 9.89% | 17.31% | 14.83% | 16.80% | 19.84% | −6.67% | 10.52% | 22.81% | 17.22% | 17.35% | 79% | 67% | |
| FCF Margin | 3.12% | 0.54% | −9.88% | −10.23% | −10.30% | 2.11% | 1.86% | −10.11% | −14.13% | 4.28% | −12.12% | 0.21% | 54% | 55% | |
| FCFF Margin | 5.33% | 2.90% | −6.95% | −5.93% | −6.50% | 7.02% | 7.04% | — | −7.72% | 9.82% | −3.80% | 7.56% | 86% | 63% | |
| FCFE Margin | — | — | — | — | — | — | — | — | −21.28% | −9.74% | −26.70% | −17.46% | 63% | 19% | |
| OCF Margin | 29.03% | 37.63% | 36.95% | 35.85% | 30.04% | 33.54% | 32.30% | 17.86% | 15.34% | 33.87% | 20.73% | 27.10% | 29% | 47% | |
| Gross Profitability | — | — | 15.14% | 14.79% | 14.28% | 14.05% | 13.08% | — | — | — | — | — | — | — | |
| Capex Intensity | 25.90% | 37.09% | 46.83% | 46.07% | 40.35% | 31.42% | 30.44% | 27.97% | 29.47% | 29.59% | 32.85% | 26.89% | 13% | 49% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 7 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 12.8% vs reported ROE 12.8%. 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 | $10.89B | $10.41B | $8.97B | $9.09B | $9.70B | $10.08B | $9.60B | $9.72B | $9.80B | $11.24B | $10.29B | $12.17B |
| YoY % | -4.3% | -13.9% | +1.4% | +6.6% | +3.9% | -4.7% | +1.2% | +0.8% | +14.7% | -8.4% | +18.3% | |
| Cost of Revenue | — | — | $2.90B | $2.78B | $3.23B | $3.37B | $3.06B | — | — | — | — | — |
| YoY % | -4.2% | +16.1% | +4.6% | -9.4% | ||||||||
| Total Operating Expenses | — | — | — | — | — | $8.13B | $7.33B | $10.58B | $8.42B | $7.55B | $7.94B | $9.19B |
| YoY % | -9.8% | +44.3% | -20.4% | -10.3% | +5.1% | +15.8% | ||||||
| Operating Income | $2.62B | $2.96B | $1.60B | $1.43B | $2.30B | $1.94B | $2.27B | -$856.0M | $1.38B | $3.69B | $2.35B | $2.98B |
| YoY % | +12.9% | -46.0% | -10.6% | +60.8% | -15.4% | +16.8% | +166.8% | -36.1% | +26.6% | |||
| Interest Expense | $389.0M | $393.0M | $385.0M | $391.0M | $476.0M | $569.0M | $600.0M | $571.0M | $628.0M | $748.0M | $882.0M | $1.00B |
| YoY % | +1.0% | -2.0% | +1.6% | +21.7% | +19.5% | +5.4% | -4.8% | +10.0% | +19.1% | +17.9% | +13.9% | |
| Interest & Investment Income | $30.0M | $31.0M | $30.0M | $30.0M | $29.0M | $26.0M | $25.0M | $20.0M | $31.0M | $53.0M | $32.0M | $32.0M |
| YoY % | +3.3% | -3.2% | 0.0% | -3.3% | -10.3% | -3.8% | -20.0% | +55.0% | +71.0% | -39.6% | 0.0% | |
| Other Non-Operating Income | — | — | $102.0M | $82.0M | $85.0M | $125.0M | $115.0M | $98.0M | $124.0M | $173.0M | $154.0M | $145.0M |
| YoY % | -19.6% | +3.7% | +47.1% | -8.0% | -14.8% | +26.5% | +39.5% | -11.0% | -5.8% | |||
| Equity Method Income | $13.0M | $12.0M | $11.0M | $14.0M | $15.0M | $14.0M | $14.0M | $16.0M | $14.0M | $1.0M | $1.0M | — |
| YoY % | -7.7% | -8.3% | +27.3% | +7.1% | -6.7% | 0.0% | +14.3% | -12.5% | -92.9% | 0.0% | ||
| Impairment of Real Estate | — | — | — | — | — | — | — | $2.69B | — | — | — | $0 |
| Pretax Income | $2.46B | $2.68B | $1.30B | $1.27B | $1.85B | $1.95B | $2.30B | -$1.09B | $1.00B | $3.08B | $1.82B | $2.37B |
| YoY % | +9.1% | -51.6% | -2.3% | +46.3% | +5.1% | +18.0% | +207.5% | -40.8% | +30.1% | |||
| Income Tax | $938.0M | $1.00B | $411.0M | -$306.0M | $417.0M | $257.0M | $396.0M | -$441.0M | -$29.0M | $518.0M | $53.0M | $263.0M |
| YoY % | +6.7% | -58.9% | -38.4% | +54.1% | -89.8% | +396.2% | ||||||
| Net Income | $1.52B | $1.68B | $887.0M | $1.57B | $1.44B | $1.69B | $1.91B | -$648.0M | $1.03B | $2.56B | $1.77B | $2.11B |
| YoY % | +10.6% | -47.2% | +77.5% | -8.6% | +17.7% | +12.5% | +148.6% | -30.9% | +19.1% | |||
| EPS (Basic) | $3.00 | $3.32 | $1.76 | $3.12 | $2.85 | $3.35 | $3.78 | -$1.29 | $2.07 | $5.15 | $3.56 | $4.23 |
| YoY % | +10.7% | -47.0% | +77.3% | -8.7% | +17.5% | +12.8% | +148.8% | -30.9% | +18.8% | |||
| EPS (Diluted) | $2.99 | $3.30 | $1.75 | $3.10 | $2.83 | $3.33 | $3.76 | -$1.29 | $2.06 | $5.13 | $3.54 | $4.22 |
| YoY % | +10.4% | -47.0% | +77.1% | -8.7% | +17.7% | +12.9% | +149.0% | -31.0% | +19.2% | |||
| Weighted Avg Shares (Basic) | 506.0M | 505.0M | 505.0M | 505.0M | 504.0M | 504.0M | 504.0M | 504.0M | 498.0M | 498.0M | 498.0M | 499.0M |
| YoY % | -0.2% | 0.0% | 0.0% | -0.2% | 0.0% | 0.0% | 0.0% | -1.2% | 0.0% | 0.0% | +0.2% | |
| Weighted Avg Shares (Diluted) | 508.0M | 508.0M | 508.0M | 507.0M | 507.0M | 507.0M | 507.0M | 504.0M | 501.0M | 500.0M | 500.0M | 501.0M |
| YoY % | 0.0% | 0.0% | -0.2% | 0.0% | 0.0% | 0.0% | -0.6% | -0.6% | -0.2% | 0.0% | +0.2% |
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.
| FY20232023-12-31 | $2.27 | +5.6% | derived (paid ÷ diluted shares) |
| FY20222022-12-31 | $2.15 | +5.3% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $2.05 | +4.7% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $1.95 | +4.3% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $1.87 | +4.4% | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $1.79 | +4.6% | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | $1.72 | +5.0% | derived (paid ÷ diluted shares) |
| FY20162016-12-31 | $1.63 | +5.2% | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-09 | $0.6700 | 2026-06-30 | quarterly | licensed |
| 2026-03-10 | $0.6700 | 2026-03-31 | quarterly | licensed |
| 2025-12-10 | $0.6300 | 2025-12-31 | quarterly | licensed |
| 2025-09-09 | $0.6300 | 2025-09-30 | quarterly | licensed |
| 2025-06-09 | $0.6300 | 2025-06-30 | quarterly | licensed |
| 2025-03-10 | $0.6300 | — | quarterly | licensed |
| 2024-12-10 | $0.6000 | — | quarterly | licensed |
| 2024-09-09 | $0.6000 | — | quarterly | licensed |
