| Market Cap | $18.32B | |
| Enterprise Value | — | |
| Revenue | $66.75B | +8.6% |
| Gross Profit | $7.92B | +12.8% |
| EBITDA | $1.63B | +10.9% |
| Net Income | $328.5M | −22.0% |
| Diluted EPS | $2.18 | −21.9% |
| Free Cash Flow | $1.02B | −8.2% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 12.48% | 12.68% | 13.01% | 12.73% | 11.44% | 11.60% | 10.33% | 10.92% | 11.29% | 11.72% | 55% | 10% | |
| Operating Margin | 0.84% | 1.05% | 1.26% | 1.26% | 1.44% | 1.43% | −0.39% | 0.66% | 0.64% | 1.34% | 1.42% | 1.29% | 63% | 34% | |
| EBITDA Margin | 1.81% | 1.84% | 1.99% | 2.01% | 2.18% | 2.22% | 0.71% | 1.78% | 1.55% | 2.21% | 2.37% | 2.42% | 96% | 27% | |
| NOPAT Margin | 0.43% | 0.61% | 0.75% | 0.77% | 1.44% | 1.10% | −0.31% | 0.49% | 0.43% | 0.98% | 1.04% | 0.96% | 63% | 33% | |
| Net Margin | 0.11% | 0.37% | 0.42% | 0.57% | 1.13% | 0.84% | −0.45% | 0.13% | 0.22% | 0.69% | 0.75% | 0.54% | 54% | 35% | |
| FCF Margin | — | — | 0.68% | 0.37% | 1.29% | 0.90% | 1.86% | −0.41% | 0.12% | 0.98% | 1.32% | 1.11% | 65% | 31% | |
| FCFF Margin | — | — | 0.99% | 0.57% | 1.63% | 1.16% | — | −0.04% | 0.36% | 1.26% | 1.61% | 1.53% | 72% | 16% | |
| OCF Margin | — | — | 1.42% | 1.20% | 2.08% | 1.61% | 2.49% | 0.21% | 0.54% | 1.45% | 2.00% | 1.91% | 65% | 24% | |
| Gross Profitability | — | 55.12% | 58.17% | 55.86% | 57.31% | 54.00% | 37.17% | 44.93% | 42.47% | 50.04% | 49.11% | 41.48% | 14% | 58% | |
| Capex Intensity | 0.66% | 0.65% | 0.74% | 0.84% | 0.80% | 0.70% | 0.63% | 0.62% | 0.42% | 0.47% | 0.68% | 0.80% | 88% | 19% | |
| ▸Returns on Capital · 3 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 6 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 6 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 5 ratios | |||||||||||||||
The five drivers multiply to 8.7% vs reported ROE 7.9%. 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 | $13.69B | $15.27B | $16.10B | $16.76B | $17.62B | $19.74B | $25.09B | $30.40B | $50.89B | $57.25B | $58.28B | $63.30B |
| YoY % | +11.6% | +5.5% | +4.1% | +5.1% | +12.1% | +27.1% | +21.2% | +67.4% | +12.5% | +1.8% | +8.6% | |
| Cost of Revenue | — | — | $14.09B | $14.64B | $15.33B | $17.23B | $22.22B | $26.87B | $45.64B | $51.00B | $51.70B | $55.88B |
| YoY % | +3.8% | +4.7% | +12.4% | +28.9% | +21.0% | +69.8% | +11.7% | +1.4% | +8.1% | |||
| Gross Profit | $1.70B | $1.85B | $2.01B | $2.12B | $2.29B | $2.51B | $2.87B | $3.53B | $5.26B | $6.25B | $6.58B | $7.42B |
| YoY % | +8.9% | +8.7% | +5.7% | +7.9% | +9.6% | +14.2% | +22.9% | +49.1% | +19.0% | +5.2% | +12.8% | |
| Total Operating Expenses | $1.58B | $1.69B | $1.81B | $1.91B | $2.04B | $2.23B | $2.97B | $3.32B | $4.93B | $5.49B | $5.75B | $6.60B |
| YoY % | +6.7% | +7.1% | +5.9% | +6.6% | +9.3% | +33.1% | +12.0% | +48.3% | +11.4% | +4.8% | +14.8% | |
| Operating Income | $115.6M | $160.1M | $202.2M | $211.0M | $253.5M | $283.3M | -$99.0M | $200.7M | $327.4M | $765.8M | $826.4M | $816.3M |
| YoY % | +38.5% | +26.3% | +4.4% | +20.1% | +11.8% | +63.1% | +133.9% | +7.9% | -1.2% | |||
| Interest Expense | $86.1M | $85.7M | $83.9M | $54.9M | $60.4M | $65.4M | $116.9M | $152.4M | $182.9M | $218.0M | $232.2M | $358.4M |
| YoY % | -0.5% | -2.1% | -34.6% | +10.0% | +8.3% | +78.7% | +30.4% | +20.0% | +19.2% | +6.5% | +54.3% | |
| Other Non-Operating Income | $700,000 | $22.2M | -$3.8M | $1.6M | $500,000 | $400,000 | -$6.3M | $6.4M | $22.6M | -$3.8M | $2.6M | $900,000 |
| YoY % | +3071.4% | -68.8% | -20.0% | +253.1% | -65.4% | |||||||
| Impairment of Real Estate | — | — | — | — | — | — | $0 | $0 | $0 | $0 | — | — |
| Pretax Income | $30.2M | $96.6M | $114.5M | $157.7M | $193.6M | $218.3M | -$222.2M | $54.7M | $167.1M | $544.0M | $596.8M | $458.8M |
| YoY % | +219.9% | +18.5% | +37.7% | +22.8% | +12.8% | +205.5% | +225.6% | +9.7% | -23.1% | |||
| Income Tax | $14.7M | $40.1M | $46.2M | $61.4M | -$5.1M | $51.5M | -$108.1M | $14.0M | $54.6M | $146.8M | $160.9M | $118.6M |
| YoY % | +172.8% | +15.2% | +32.9% | +290.0% | +168.9% | +9.6% | -26.3% | |||||
| Net Income (incl. NCI) | — | — | — | $96.3M | $198.7M | $166.8M | -$114.1M | $40.7M | $112.5M | $397.2M | $435.9M | $340.2M |
| YoY % | +106.3% | -16.1% | +176.4% | +253.1% | +9.7% | -22.0% | ||||||
| Net Income | $15.5M | $56.5M | $68.3M | $96.3M | $198.7M | $166.8M | -$114.1M | $40.7M | $112.5M | $397.2M | $435.9M | $340.2M |
| YoY % | +264.5% | +20.9% | +41.0% | +106.3% | -16.1% | +176.4% | +253.1% | +9.7% | -22.0% | |||
| EPS (Basic) | $0.18 | $0.65 | $0.71 | $0.96 | $1.95 | $1.61 | -$1.01 | $0.31 | $0.75 | $2.58 | $2.82 | $2.20 |
| YoY % | +261.1% | +9.2% | +35.2% | +103.1% | -17.4% | +141.9% | +244.0% | +9.3% | -22.0% | |||
| EPS (Diluted) | $0.18 | $0.64 | $0.70 | $0.93 | $1.90 | $1.59 | -$1.01 | $0.30 | $0.74 | $2.54 | $2.79 | $2.18 |
| YoY % | +255.6% | +9.4% | +32.9% | +104.3% | -16.3% | +146.7% | +243.2% | +9.8% | -21.9% | |||
| Weighted Avg Shares (Basic) | 86.9M | 86.9M | 96.4M | 100.2M | 102.0M | 103.8M | 113.0M | 132.1M | 149.8M | 154.2M | 154.4M | 154.8M |
| YoY % | +0.0% | +11.0% | +3.9% | +1.8% | +1.8% | +8.9% | +16.9% | +13.4% | +2.9% | +0.1% | +0.3% | |
| Weighted Avg Shares (Diluted) | 87.5M | 87.6M | 98.1M | 103.0M | 104.6M | 105.2M | 113.0M | 133.4M | 151.3M | 156.1M | 156.0M | 156.4M |
| YoY % | +0.1% | +12.0% | +5.0% | +1.6% | +0.6% | +7.4% | +18.1% | +13.4% | +3.2% | -0.1% | +0.3% |
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.
