| Market Cap | $14.83B | |
| Enterprise Value | — | |
| Revenue | $1.59B | +6.9% |
| Gross Profit | — | — |
| EBITDA | $1.56B | +6.0% |
| Net Income | $546.4M | +31.7% |
| Diluted EPS | $1.46 | — |
| Free Cash Flow | — | — |
| DPS (FY2025) | $2.87 |
| Trailing yield | 3.54% |
| Payout ratio | 97.0% |
| Growth streak | 8 yrs |
| 5y DPS growth | 3.8% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $2.87 | +5.7% | reported |
| FY20242024-12-31 | $2.71 | +3.6% | reported |
| FY20232023-12-31 | $2.62 | +3.8% | reported |
| FY20222022-12-31 |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Operating Margin | — | — | — | — | — | — | — | — | 73.27% | 71.93% | 72.04% | 72.32% | 63% | 91% | |
| EBITDA Margin | — | — | — | 60.22% | 64.01% | 62.47% | 50.75% | 65.83% | 99.38% | 98.57% | 99.19% | 98.39% | 61% | 94% | |
| NOPAT Margin | — | — | — | 26.26% | 31.84% | 29.24% | 15.10% | 39.69% | 73.27% | 71.73% | 71.13% | — | — | — | |
| Net Margin | — | — | — | 17.89% | 22.22% | 21.13% | 4.42% | 30.99% | 39.45% | 27.57% | 27.54% | 33.95% | 83% | 77% | |
| OCF Margin | — | — | — | 47.73% | 54.45% | 54.83% | 49.12% | 56.54% | 53.58% | 54.41% | 54.35% | 53.28% | 28% | 78% | |
| ▸Returns on Capital · 2 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 4 ratios | |||||||||||||||
| ▸Liquidity & coverage · 3 ratios | |||||||||||||||
| ▸Leverage · 6 ratios | |||||||||||||||
| ▸Capital allocation · 3 ratios | |||||||||||||||
| ▸Per share · 4 ratios | |||||||||||||||
The five drivers multiply to 7.8% vs reported ROE 7.7%. 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 | — | — | — | $984.3M | $1.12B | $1.13B | $1.02B | $1.17B | $1.22B | $1.32B | $1.45B | $1.55B |
| YoY % | +13.9% | +1.1% | -10.3% | +14.8% | +5.0% | +8.0% | +9.9% | +6.9% | ||||
| SG&A Expense | — | — | — | $67.6M | $65.5M | $75.0M | $75.0M | $78.2M | $79.9M | $97.8M | $101.5M | $99.4M |
| YoY % | -3.2% | +14.5% | +0.0% | +4.3% | +2.2% | +22.4% | +3.7% | -2.0% | ||||
| Total Operating Expenses | — | — | — | $744.8M | $740.8M | $763.2M | $746.6M | $714.0M | $751.7M | $854.3M | $940.1M | $970.5M |
| YoY % | -0.5% | +3.0% | -2.2% | -4.4% | +5.3% | +13.6% | +10.0% | +3.2% | ||||
| Operating Income | — | — | — | — | — | — | — | — | $896.8M | $951.3M | $1.05B | $1.12B |
| YoY % | +6.1% | +10.1% | +7.3% | |||||||||
| Interest Expense | — | — | — | $132.6M | $148.5M | $151.3M | $156.7M | $145.2M | $146.2M | $154.2M | — | — |
| YoY % | +11.9% | +1.9% | +3.6% | -7.3% | +0.7% | +5.5% | ||||||
| Other Non-Operating Income | — | — | — | -$113.7M | -$170.8M | -$187.6M | -$256.4M | -$133.0M | -$44.1M | -$147.8M | -$154.3M | -$175.6M |
| Equity Method Income | $31.3M | $22.5M | $56.5M | $43.3M | $43.0M | $61.0M | $34.2M | $47.1M | $59.8M | $50.5M | $50.3M | $133.5M |
| YoY % | -28.0% | +151.1% | -23.3% | -0.8% | +41.8% | -43.9% | +37.8% | +27.1% | -15.5% | -0.5% | +165.4% | |
| Gains on Sale of Real Estate | — | — | — | — | — | — | $67.5M | $91.1M | $109.0M | $661,000 | $34.2M | $24.5M |
| YoY % | +35.1% | +19.6% | -99.4% | +5068.2% | -28.4% | |||||||
| Impairment of Real Estate | — | — | — | — | — | — | $18.5M | $84.4M | — | $0 | $14.3M | $4.6M |
| YoY % | +355.3% | -67.8% | ||||||||||
| Pretax Income | — | — | — | $125.9M | $209.4M | $182.3M | $13.1M | $319.2M | $428.2M | $320.3M | $359.5M | $407.5M |
| YoY % | +66.3% | -12.9% | -92.8% | +2327.8% | +34.2% | -25.2% | +12.2% | +13.3% | ||||
| Income Tax | $1.2M | — | — | -$9.6M | $522,000 | $1.2M | $1.3M | $1.0M | -$39,000 | $895,000 | $4.5M | — |
| YoY % | +138.5% | +1.7% | -17.8% | +407.8% | ||||||||
| Net Income (incl. NCI) | $188.8M | $152.5M | $167.0M | $179.0M | $252.3M | $243.3M | $47.3M | $366.3M | $488.0M | $370.9M | $409.8M | $541.0M |
| YoY % | -19.2% | +9.5% | +7.2% | +41.0% | -3.6% | -80.5% | +674.1% | +33.2% | -24.0% | +10.5% | +32.0% | |
| Minority Interest (P&L) | — | — | — | $2.9M | $3.2M | $3.8M | $2.4M | $4.9M | $5.2M | $6.3M | $9.5M | $13.5M |
| YoY % | +10.2% | +19.7% | -36.6% | +100.9% | +6.0% | +22.1% | +49.8% | +42.7% | ||||
| Net Income | — | — | — | $176.1M | $249.1M | $239.4M | $44.9M | $361.4M | $482.9M | $364.6M | $400.4M | $527.5M |
| YoY % | +41.5% | -3.9% | -81.3% | +705.1% | +33.6% | -24.5% | +9.8% | +31.7% | ||||
| Net Income to Common | — | — | — | $159.9M | $249.1M | $239.4M | — | $361.4M | $482.9M | $359.5M | $386.7M | $513.8M |
| YoY % | +55.8% | -3.9% | +33.6% | -25.5% | +7.6% | +32.9% | ||||||
| Weighted Avg Shares (Basic) | — | — | — | 159.5M | 169.7M | 167.5M | 169.2M | — | — | — | — | — |
| YoY % | +6.4% | -1.3% | +1.0% | |||||||||
| Weighted Avg Shares (Diluted) | — | — | — | 160.0M | 170.1M | 167.8M | 169.5M | — | — | — | — | — |
| YoY % | +6.3% | -1.4% | +1.0% | |||||||||
| Dividends Declared per Share | $2 | $2 | $2 | $2 | $2 | $2 | $2 | $2 | $3 | $3 | $3 | $3 |
| YoY % | +3.2% | +3.1% | +5.0% | +5.7% | +5.4% | +1.7% | +1.3% | +4.8% | +3.8% | +3.6% | +5.7% |
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.
| $2.52 |
| +4.8% |
| reported |
| FY20212021-12-31 | $2.41 | +1.3% | reported |
| FY20202020-12-31 | $2.38 | +1.7% | reported |
| FY20192019-12-31 | $2.34 | +5.4% | reported |
| FY20182018-12-31 | $2.22 | +5.7% | reported |
| FY20172017-12-31 | $2.10 | — | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-12 | $0.7550 | — | quarterly | licensed |
| 2026-03-11 | $0.7550 | 2026-04-01 | quarterly | licensed |
| 2025-12-15 | $0.7550 | 2026-01-06 | quarterly | licensed |
| 2025-09-11 | $0.7050 | 2025-10-02 | quarterly | licensed |
| 2025-06-11 | $0.7050 | 2025-07-02 | quarterly | licensed |
| 2025-03-12 | $0.7050 | — | quarterly | licensed |
| 2024-12-16 | $0.7050 | — | quarterly | licensed |
| 2024-09-12 | $0.6700 | — | quarterly | licensed |
