| Market Cap | $117.64B | |
| Enterprise Value | $130.15B | |
| Revenue | $57.64B | +6.3% |
| Gross Profit | — | — |
| EBITDA | $21.51B | −0.3% |
| Net Income | $9.97B | −13.7% |
| Diluted EPS | $6.08 | −14.0% |
| Free Cash Flow | $4.50B | −24.8% |
| DPS (FY2025) | $3.91derived |
| Trailing yield | 4.18% |
| Payout ratio | 64.3% |
| Growth streak | 0 yrs |
| 5y DPS growth | −21.1% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $3.91 | −15.4% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $4.62 | +8.9% | derived (paid ÷ diluted shares) |
| FY2023 |
| Ratio | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 11y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||||||
| Operating Margin | 10.38% | 20.11% | 35.31% | 43.57% | 26.56% | 37.72% | 46.53% | 35.55% | 27.43% | 28.88% | 25.91% | 23% | 67% | |
| EBITDA Margin | 23.72% | 34.31% | 46.24% | 53.46% | 36.72% | 47.32% | 53.86% | 44.48% | 37.30% | 39.80% | 37.32% | 41% | 64% | |
| NOPAT Margin | 8.20% | 15.15% | 24.39% | 33.40% | 16.66% | 25.49% | 34.10% | 24.85% | 19.80% | 21.41% | 18.23% | 32% | 72% | |
| Net Margin | −2.49% | 13.67% | 21.89% | 33.60% | 18.56% | 21.90% | 32.95% | 22.10% | 18.61% | 21.31% | 17.29% | 23% | 73% | |
| FCF Margin | 13.49% | 16.14% | 23.49% | 15.74% | 21.83% | 21.71% | 28.03% | 16.74% | 14.94% | 11.03% | 7.80% | 5% | 55% | |
| FCFF Margin | — | 18.62% | 24.95% | 16.79% | 22.64% | 22.12% | 28.31% | 17.15% | 16.23% | 12.07% | 9.10% | 5% | 30% | |
| FCFE Margin | 8.66% | 1.49% | 16.55% | 10.21% | 21.55% | 20.38% | 27.69% | 15.90% | 17.76% | 9.92% | 21.39% | 77% | 70% | |
| OCF Margin | 26.94% | 25.06% | 34.68% | 29.12% | 34.55% | 35.59% | 39.55% | 28.77% | 28.05% | 28.78% | 29.20% | 59% | 53% | |
| Capex Intensity | 13.45% | 8.92% | 11.20% | 13.38% | 12.71% | 13.87% | 11.52% | 12.04% | 13.11% | 17.75% | 21.40% | 95% | 67% | |
| ▸Returns on Capital · 6 ratios | ||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||||||||
| ▸Earnings quality · 7 ratios | ||||||||||||||
| ▸Liquidity & coverage · 9 ratios | ||||||||||||||
| ▸Leverage · 9 ratios | ||||||||||||||
| ▸Working capital · 3 ratios | ||||||||||||||
| ▸Capital allocation · 5 ratios | ||||||||||||||
| ▸Per share · 3 ratios | ||||||||||||||
| ▸Other · 1 ratios | ||||||||||||||
The five drivers multiply to 17.8% vs reported ROE 17.0%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2015↗ | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.83B | $33.78B | $40.03B | $40.59B | $43.16B | $44.61B | $64.08B | $56.07B | $54.04B | $54.20B | $57.64B |
| YoY % | -3.0% | +18.5% | +1.4% | +6.3% | +3.3% | +43.7% | -12.5% | -3.6% | +0.3% | +6.3% | |
| R&D Expense | $104.0M | $60.0M | $58.0M | $45.0M | $45.0M | $45.0M | $65.0M | $76.0M | $245.0M | $398.0M | $524.0M |
| YoY % | -42.3% | -3.3% | -22.4% | 0.0% | 0.0% | +44.4% | +16.9% | +222.4% | +62.4% | +31.7% | |
| Total Operating Expenses | $27.92B | $26.80B | $26.98B | $27.11B | $27.31B | $26.25B | $32.69B | $34.77B | $37.05B | $37.74B | $41.78B |
| YoY % | -4.0% | +0.7% | +0.5% | +0.7% | -3.9% | +24.5% | +6.4% | +6.6% | +1.9% | +10.7% | |
| Operating Income | $3.62B | $6.79B | $14.13B | $17.69B | $11.47B | $16.83B | $29.82B | $19.93B | $14.82B | $15.65B | $14.94B |
| YoY % | +88.0% | +108.0% | +25.1% | -35.2% | +46.8% | +77.2% | -33.1% | -25.6% | +5.6% | -4.6% | |
| Interest Expense | $750.0M | $1.11B | $848.0M | $552.0M | $554.0M | $268.0M | $243.0M | $335.0M | $967.0M | $763.0M | $1.06B |
| YoY % | +48.1% | -23.7% | -34.9% | +0.4% | -51.6% | -9.3% | +37.9% | +188.7% | -21.1% | +39.2% | |
| Interest & Investment Income | $52.0M | $89.0M | $141.0M | $249.0M | $300.0M | $141.0M | $64.0M | $179.0M | $536.0M | $514.0M | $465.0M |
| YoY % | +71.2% | +58.4% | +76.6% | +20.5% | -53.0% | -54.6% | +179.7% | +199.4% | -4.1% | -9.5% | |
| Equity Method Income | $361.0M | $321.0M | $339.0M | $513.0M | $301.0M | $652.0M | $1.04B | $777.0M | $675.0M | $838.0M | $1.48B |
| YoY % | -11.1% | +5.6% | +51.3% | -41.3% | +116.6% | +59.8% | -25.4% | -13.1% | +24.1% | +76.4% | |
| Pretax Income | -$726.0M | $6.34B | $12.82B | $18.17B | $11.12B | $15.39B | $30.83B | $18.66B | $13.79B | $15.62B | $14.57B |
| YoY % | +102.0% | +41.8% | -38.8% | +38.4% | +100.3% | -39.5% | -26.1% | +13.3% | -6.7% | ||
| Income Tax | $993.0M | $1.57B | $3.96B | $4.24B | $4.15B | $4.99B | $8.24B | $5.61B | $3.83B | $4.04B | $4.32B |
| YoY % | +57.8% | +153.0% | +7.0% | -2.2% | +20.4% | +65.0% | -31.8% | -31.7% | +5.5% | +6.9% | |
| Net Income (incl. NCI) | -$1.72B | $4.78B | $8.85B | $13.93B | $6.97B | $10.40B | $22.60B | $13.05B | $9.95B | $11.57B | $10.25B |
| YoY % | +85.3% | +57.3% | -49.9% | +49.2% | +117.3% | -42.3% | -23.7% | +16.3% | -11.4% | ||
| Minority Interest (P&L) | -$853.0M | $159.0M | -$89.0M | $287.0M | -$1.04B | $631.0M | $1.48B | $656.0M | -$105.0M | $22.0M | $283.0M |
| YoY % | +134.9% | -55.7% | +1186.4% | ||||||||
| Net Income | -$866.0M | $4.62B | $8.76B | $13.64B | $8.01B | $9.77B | $21.11B | $12.39B | $10.06B | $11.55B | $9.97B |
| YoY % | +89.8% | +55.6% | -41.3% | +22.0% | +116.1% | -41.3% | -18.8% | +14.9% | -13.7% | ||
| Net Income to Common | -$866.0M | $4.62B | $8.76B | $13.64B | $8.01B | $9.77B | $21.11B | $12.39B | $10.06B | $11.55B | $9.97B |
| YoY % | +89.8% | +55.6% | -41.3% | +22.0% | +116.1% | -41.3% | -18.8% | +14.9% | -13.7% | ||
| EPS (Basic) | -$47.50 | $256.90 | $490.39 | $7.93 | $4.91 | $6.04 | $13.05 | $7.65 | $6.20 | $7.12 | $6.14 |
| YoY % | +90.9% | -98.4% | -38.0% | +22.9% | +116.0% | -41.4% | -18.9% | +14.7% | -13.8% | ||
| EPS (Diluted) | -$47.50 | $255.30 | $486.92 | $7.88 | $4.88 | $6.00 | $12.96 | $7.60 | $6.17 | $7.07 | $6.08 |
| YoY % | +90.7% | -98.4% | -38.1% | +23.0% | +116.1% | -41.3% | -18.9% | +14.7% | -14.0% | ||
| Weighted Avg Shares (Basic) | 1.82B | 1.80B | 1.79B | 1.72B | 1.63B | 1.62B | 1.62B | 1.62B | 1.62B | 1.62B | 1.62B |
| YoY % | -1.5% | -0.6% | -3.8% | -5.2% | -0.8% | +0.1% | +0.1% | +0.1% | +0.1% | +0.1% | |
| Weighted Avg Shares (Diluted) | 1.82B | 1.81B | 1.80B | 1.73B | 1.64B | 1.63B | 1.63B | 1.63B | 1.63B | 1.63B | 1.64B |
| YoY % | -0.9% | -0.5% | -3.8% | -5.2% | -0.8% | +0.0% | +0.0% | +0.1% | +0.1% | +0.3% | |
| Dividends Declared per Share | $2 | $2 | $2 | $3 | $6 | $4 | — | — | — | — | — |
| YoY % | -32.7% | +54.1% | +30.6% | +106.8% | -39.2% |
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.
| $4.25 |
| −43.0% |
| derived (paid ÷ diluted shares) |
| FY20222022-12-31 | $7.45 | −26.4% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $10.11 | — | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $3.86 | −39.2% | reported |
| FY20192019-12-31 | $6.35 | +106.8% | reported |
| FY20182018-12-31 | $3.07 | +30.6% | reported |
| FY20172017-12-31 | $2.35 | +54.1% | reported |
| FY20162016-12-31 | $1.52 | −32.7% | reported |
