| Market Cap | $20.60B | |
| Enterprise Value | $22.05B | |
| Revenue | $14.84B | +3.3% |
| Gross Profit | $2.78B | — |
| EBITDA | $1.38B | −9.6% |
| Net Income | $804.6M | −15.5% |
| Diluted EPS | $13.98 | −10.2% |
| Free Cash Flow | $612.1M | −49.7% |
| DPS (FY2025) | $4.80 |
| Trailing yield | 1.19% |
| Payout ratio | — |
| Growth streak | 11 yrs |
| 5y DPS growth | 13.9% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $4.80 | +9.1% | reported |
| FY20242024-12-31 | $4.40 | +10.0% | reported |
| FY20232023-12-31 | $4.00 | +14.3% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 25.08% | 27.24% | 30.07% | 28.68% | 28.45% | — | — | — | — | — | — | — | — | — | |
| Operating Margin | 5.91% | 5.88% | 6.01% | 6.81% | 8.13% | 9.24% | 6.42% | 13.83% | 14.72% | 11.75% | 8.38% | 7.08% | 46% | 70% | |
| EBITDA Margin | 7.95% | 8.22% | 8.59% | 9.06% | 9.99% | 11.23% | 9.00% | 15.46% | 16.14% | 13.41% | 10.33% | 9.03% | 38% | 63% | |
| NOPAT Margin | 4.07% | 4.05% | 4.33% | 6.81% | 6.13% | 7.02% | 5.00% | 10.41% | 11.17% | 9.04% | 6.46% | 5.42% | 38% | 70% | |
| Net Margin | 3.55% | 3.33% | 3.53% | 6.31% | 5.49% | 6.39% | 4.19% | 10.03% | 10.81% | 9.02% | 6.33% | 5.17% | 38% | 72% | |
| FCF Margin | — | 9.12% | 5.48% | 2.44% | 3.68% | 9.65% | 11.36% | 3.99% | 10.44% | 8.12% | 7.22% | 3.52% | 14% | 57% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 10.71% | 8.33% | 7.45% | 3.81% | 13% | 42% | |
| FCFE Margin | — | 5.09% | 5.46% | 2.11% | −7.07% | −4.83% | −6.96% | 3.84% | 10.42% | 4.69% | 2.43% | −13.44% | 5% | 8% | |
| OCF Margin | — | 10.96% | 7.27% | 4.10% | 5.76% | 11.86% | 13.31% | 5.67% | 12.44% | 11.29% | 10.33% | 5.82% | 32% | 47% | |
| Gross Profitability | 33.51% | 35.76% | 34.95% | 35.97% | 40.79% | — | — | — | — | — | — | — | — | — | |
| Capex Intensity | 1.82% | 1.84% | 1.80% | 1.66% | 2.08% | 2.21% | 1.95% | 1.68% | 2.01% | 3.17% | 3.11% | 2.30% | 79% | 57% | |
| ▸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 · 3 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 10.5% vs reported ROE 10.3%. 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 | $10.45B | $9.35B | $8.61B | $9.72B | $11.53B | $10.97B | $8.81B | $14.09B | $17.02B | $14.81B | $13.84B | $14.29B |
| YoY % | -10.5% | -7.9% | +12.9% | +18.7% | -4.9% | -19.7% | +59.9% | +20.8% | -13.0% | -6.6% | +3.3% | |
| Cost of Revenue | $7.83B | $6.80B | $6.02B | $6.93B | $8.25B | — | — | — | — | — | — | — |
| YoY % | -13.1% | -11.5% | +15.1% | +19.0% | ||||||||
| SG&A Expense | $1.79B | $1.73B | $1.80B | $1.90B | $2.09B | $2.10B | $1.87B | $2.31B | $2.50B | $2.56B | $2.67B | $2.81B |
| YoY % | -3.6% | +4.2% | +5.8% | +9.9% | +0.2% | -10.6% | +23.1% | +8.6% | +2.3% | +4.1% | +5.3% | |
| Total Operating Expenses | $9.83B | $8.80B | $8.10B | $9.06B | $10.60B | $9.96B | $8.25B | $12.14B | $14.52B | $13.07B | $12.68B | $13.28B |
| YoY % | -10.5% | -8.0% | +11.9% | +17.0% | -6.0% | -17.2% | +47.3% | +19.5% | -10.0% | -3.0% | +4.8% | |
| Operating Income | $617.4M | $549.8M | $517.8M | $662.4M | $937.5M | $1.01B | $565.8M | $1.95B | $2.51B | $1.74B | $1.16B | $1.01B |
| YoY % | -10.9% | -5.8% | +27.9% | +41.5% | +8.1% | -44.2% | +244.5% | +28.6% | -30.6% | -33.3% | -12.7% | |
| Interest Expense | — | — | — | — | — | — | — | — | $62.3M | $40.1M | $40.3M | $55.7M |
| YoY % | -35.6% | +0.5% | +38.2% | |||||||||
| Other Non-Operating Income | $10.8M | -$6.8M | -$4.0M | -$4.7M | -$700,000 | $800,000 | -$24.7M | -$3.1M | -$14.2M | $41.3M | $20.2M | $12.2M |
| YoY % | -51.1% | -39.6% | ||||||||||
| Equity Method Income | $2.2M | — | — | — | — | — | — | — | — | — | — | — |
| Impairment of Real Estate | — | — | — | — | — | — | $9.3M | $0 | $0 | $0 | $500,000 | $0 |
| YoY % | -100.0% | -100.0% | ||||||||||
| Pretax Income | $546.3M | $458.7M | $429.2M | $583.8M | $850.6M | $929.3M | $478.2M | $1.88B | $2.43B | $1.74B | $1.14B | $969.2M |
| YoY % | -16.0% | -6.4% | +36.0% | +45.7% | +9.3% | -48.5% | +293.8% | +29.1% | -28.4% | -34.5% | -15.0% | |
| Income Tax | $170.0M | $142.5M | $120.1M | -$37.2M | $208.8M | $223.2M | $105.8M | $465.7M | $586.2M | $400.6M | $261.9M | $227.6M |
| YoY % | -16.2% | -15.7% | +6.9% | -52.6% | +340.2% | +25.9% | -31.7% | -34.6% | -13.1% | |||
| Net Income (incl. NCI) | $376.3M | $316.2M | $309.1M | $621.0M | $641.8M | $706.1M | $372.4M | $1.42B | $1.84B | $1.34B | $878.0M | $741.6M |
| YoY % | -16.0% | -2.2% | +100.9% | +3.3% | +10.0% | -47.3% | +280.6% | +30.1% | -27.3% | -34.5% | -15.5% | |
| Minority Interest (P&L) | $4.8M | $4.7M | $4.8M | $7.6M | $8.1M | $4.6M | $3.3M | $4.4M | $4.1M | $4.2M | $2.8M | $2.2M |
| YoY % | -2.1% | +2.1% | +58.3% | +6.6% | -43.2% | -28.3% | +33.3% | -6.8% | +2.4% | -33.3% | -21.4% | |
| Net Income | — | — | — | — | — | — | — | — | — | $1.34B | $875.2M | $739.4M |
| YoY % | -34.5% | -15.5% | ||||||||||
| Net Income to Common | $371.5M | $311.5M | $304.3M | $613.4M | $633.7M | $701.5M | $369.1M | $1.41B | $1.84B | $1.34B | $875.2M | $739.4M |
| YoY % | -16.2% | -2.3% | +101.6% | +3.3% | +10.7% | -47.4% | +282.8% | +30.2% | -27.4% | -34.5% | -15.5% | |
| EPS (Basic) | $4.78 | $4.20 | $4.21 | $8.42 | $8.85 | $10.49 | $5.74 | $22.35 | $30.39 | $22.90 | $15.70 | $14.07 |
| YoY % | -12.1% | +0.2% | +100.0% | +5.1% | +18.5% | -45.3% | +289.4% | +36.0% | -24.6% | -31.4% | -10.4% | |
| EPS (Diluted) | $4.73 | $4.16 | $4.16 | $8.34 | $8.75 | $10.34 | $5.66 | $21.97 | $29.92 | $22.64 | $15.56 | $13.98 |
| YoY % | -12.1% | 0.0% | +100.5% | +4.9% | +18.2% | -45.3% | +288.2% | +36.2% | -24.3% | -31.3% | -10.2% | |
| Weighted Avg Shares (Basic) | 77.7M | 74.1M | 72.4M | 72.9M | 71.6M | 66.9M | 64.3M | 63.2M | 60.6M | 58.3M | 55.7M | 52.6M |
| YoY % | -4.6% | -2.3% | +0.7% | -1.7% | -6.6% | -3.8% | -1.7% | -4.2% | -3.7% | -4.4% | -5.7% | |
| Weighted Avg Shares (Diluted) | 78.6M | 74.9M | 73.1M | 73.5M | 72.4M | 67.9M | 65.3M | 64.3M | 61.5M | 59.0M | 56.2M | 52.9M |
| YoY % | -4.7% | -2.4% | +0.6% | -1.5% | -6.3% | -3.8% | -1.4% | -4.4% | -4.0% | -4.7% | -6.0% | |
| Dividends Declared per Share | $1 | $2 | $2 | $2 | $2 | $2 | $3 | $3 | $4 | $4 | $4 | $5 |
| YoY % | +14.3% | +3.1% | +9.1% | +11.1% | +10.0% | +13.6% | +10.0% | +27.3% | +14.3% | +10.0% | +9.1% |
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 | $3.50 | +27.3% | reported |
| FY20212021-12-31 | $2.75 | +10.0% | reported |
| FY20202020-12-31 | $2.50 | +13.6% | reported |
| FY20192019-12-31 | $2.20 | +10.0% | reported |
| FY20182018-12-31 | $2.00 | +11.1% | reported |
| FY20172017-12-31 | $1.80 | +9.1% | reported |
| FY20162016-12-31 | $1.65 | +3.1% | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-22 | $1.25 | 2026-06-05 | quarterly | licensed |
| 2026-03-06 | $1.25 | 2026-03-20 | quarterly | licensed |
| 2025-11-21 | $1.20 | 2025-12-05 | quarterly | licensed |
| 2025-08-15 | $1.20 | 2025-08-29 | quarterly | licensed |
| 2025-05-23 | $1.20 | 2025-06-06 | quarterly | licensed |
| 2025-03-07 | $1.20 | — | quarterly | licensed |
| 2024-11-22 | $1.10 | — | quarterly | licensed |
| 2024-08-16 | $1.10 | — | quarterly | licensed |
