| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | $7.67B | +51.6% |
| Gross Profit | $3.38B | +57.0% |
| EBITDA | $1.23B | +25.1% |
| Net Income | $521.4M | −0.1% |
| Diluted EPS | $1.84 | −14.8% |
| Free Cash Flow | $736.8M | +11.2% |
| DPS (FY2025) | $0.60 |
| Trailing yield | — |
| Payout ratio | 33.2% |
| Growth streak | 3 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $0.60 | +15.4% | reported |
| FY20242024-12-31 | $0.52 | +18.2% | reported |
| FY20232023-12-31 | $0.44 | +10.0% | reported |
| FY20222022-12-31 | $0.40 |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 38.48% | 39.60% | 42.79% | 42.65% | 41.46% | 43.21% | 44.56% | 43.78% | 41.65% | 40.33% | 41.13% | 42.58% | 54% | 65% | |
| Operating Margin | 9.24% | 9.72% | 13.21% | 10.73% | 9.48% | 11.16% | 14.47% | 18.50% | 13.83% | 12.33% | 12.86% | 10.10% | 29% | 77% | |
| EBITDA Margin | 12.24% | 12.69% | 16.04% | 14.14% | 13.62% | 14.91% | 19.98% | 22.04% | 17.49% | 16.04% | 16.95% | 13.98% | 29% | 75% | |
| NOPAT Margin | 5.81% | 3.63% | — | — | — | — | — | — | 10.98% | 9.64% | 9.84% | 8.09% | 42% | 78% | |
| Net Margin | 3.64% | 2.04% | 6.09% | 5.50% | 3.72% | 6.10% | 9.49% | 12.67% | 9.26% | 7.47% | 7.79% | 5.14% | 29% | 67% | |
| FCF Margin | 5.94% | 5.34% | 3.31% | 5.67% | — | — | 14.78% | 12.16% | 1.47% | 7.81% | 11.54% | 8.47% | 65% | 77% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 3.13% | 9.88% | 13.63% | 11.34% | 63% | 75% | |
| OCF Margin | 7.53% | 7.42% | 5.29% | 8.09% | — | — | 17.81% | 14.66% | 7.70% | 11.58% | 13.52% | 10.70% | 55% | 68% | |
| Gross Profitability | 44.54% | 47.04% | 47.78% | 41.61% | 41.27% | 43.84% | 49.52% | 49.93% | 47.01% | 43.62% | 33.91% | 27.44% | 4% | 35% | |
| Capex Intensity | 1.59% | 2.09% | 1.98% | 2.42% | 2.72% | 2.84% | 3.03% | 2.50% | 6.23% | 3.76% | 1.97% | 2.23% | 38% | 48% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 8 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 3 ratios | |||||||||||||||
| ▸Per share · 3 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 22.5% vs reported ROE 26.2%. 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 | $2.99B | $3.15B | $3.13B | $2.75B | $2.70B | $3.11B | $3.68B | $4.93B | $4.92B | $4.93B | $4.93B | $7.48B |
| YoY % | +5.5% | -0.8% | -12.0% | -1.9% | +14.9% | +18.4% | +34.1% | -0.2% | +0.1% | +0.1% | +51.6% | |
| Cost of Revenue | $1.84B | $1.91B | $1.79B | $1.58B | $1.58B | $1.76B | $2.04B | $2.77B | $2.87B | $2.94B | $2.90B | $4.29B |
| YoY % | +3.6% | -6.0% | -11.8% | +0.2% | +11.5% | +15.6% | +36.0% | +3.6% | +2.4% | -1.2% | +47.9% | |
| Gross Profit | $1.15B | $1.25B | $1.29B | $1.12B | $1.12B | $1.34B | $1.64B | $2.16B | $2.05B | $1.99B | $2.03B | $3.18B |
| YoY % | +8.6% | +3.2% | -13.1% | -0.0% | +19.8% | +22.1% | +31.8% | -5.1% | -3.1% | +2.1% | +57.0% | |
| R&D Expense | $21.6M | $28.7M | $26.7M | $21.7M | $21.9M | $23.0M | $23.1M | $27.3M | $29.2M | $30.6M | $30.8M | $32.9M |
| YoY % | +32.9% | -7.0% | -18.7% | +0.9% | +5.0% | +0.4% | +18.2% | +7.0% | +4.8% | +0.7% | +6.8% | |
| Selling & Marketing Expense | $619.9M | $648.0M | $635.5M | $586.1M | $587.8M | $666.3M | $740.2M | $923.1M | $992.5M | $920.9M | $939.4M | $1.74B |
| YoY % | +4.5% | -1.9% | -7.8% | +0.3% | +13.4% | +11.1% | +24.7% | +7.5% | -7.2% | +2.0% | +85.1% | |
| SG&A Expense | $280.6M | — | — | — | — | — | — | — | — | — | — | — |
| Operating Income | $276.3M | $306.5M | $413.4M | $295.5M | $256.3M | $346.7M | $532.1M | $912.3M | $680.6M | $607.2M | $634.2M | $754.9M |
| YoY % | +10.9% | +34.9% | -28.5% | -13.3% | +35.3% | +53.5% | +71.5% | -25.4% | -10.8% | +4.4% | +19.0% | |
| Interest Expense | — | — | — | — | — | — | — | — | $103.0M | $129.9M | $134.8M | $267.9M |
| YoY % | +26.1% | +3.8% | +98.7% | |||||||||
| Other Non-Operating Income | $13.7M | -$12.9M | $300,000 | $7.2M | $1.0M | $4.5M | $2.4M | $1.0M | -$400,000 | $0 | $4.9M | -$6.0M |
| YoY % | +2300.0% | -86.1% | +350.0% | -46.7% | -58.3% | |||||||
| Equity Method Income | $0 | $11.9M | $13.3M | $15.6M | $17.6M | $15.9M | $16.4M | $30.6M | $21.1M | $23.0M | $18.9M | $19.6M |
| YoY % | +11.8% | +17.3% | +12.8% | -9.7% | +3.1% | +86.6% | -31.0% | +9.0% | -17.8% | +3.7% | ||
| Impairment of Real Estate | — | — | — | — | — | — | — | — | — | $0 | $0 | — |
| Pretax Income | $174.9M | $200.1M | — | — | — | — | — | — | $577.2M | $474.1M | $504.3M | $481.0M |
| YoY % | +14.4% | -17.9% | +6.4% | -4.6% | ||||||||
| Income Tax | $64.9M | $125.4M | $86.3M | $43.8M | $49.6M | $74.7M | $102.6M | $198.3M | $119.0M | $103.4M | $118.6M | $95.7M |
| YoY % | +93.2% | -31.2% | -49.2% | +13.2% | +50.6% | +37.3% | +93.3% | -40.0% | -13.1% | +14.7% | -19.3% | |
| Income from Continuing Operations | — | — | — | — | — | — | — | $625.2M | $456.1M | $368.1M | $384.3M | $384.1M |
| YoY % | -27.0% | -19.3% | +4.4% | -0.1% | ||||||||
| Income from Discontinued Operations | — | — | $12.3M | -$30.9M | -$17.8M | -$1.4M | $0 | -$700,000 | — | — | — | — |
| Net Income (incl. NCI) | $110.0M | $65.7M | $185.0M | $140.7M | $97.6M | $189.4M | $349.8M | $625.0M | $457.8M | $370.7M | $385.7M | $385.3M |
| YoY % | -40.3% | +181.6% | -23.9% | -30.6% | +94.1% | +84.7% | +78.7% | -26.8% | -19.0% | +4.0% | -0.1% | |
| Minority Interest (P&L) | $1.1M | $1.2M | -$5.6M | -$10.7M | -$2.9M | -$100,000 | $1.0M | $500,000 | $2.1M | $2.6M | $1.4M | — |
| YoY % | +9.1% | -50.0% | +320.0% | +23.8% | -46.2% | |||||||
| Net Income | $108.9M | $64.5M | $190.6M | $151.4M | $100.5M | $189.5M | $348.8M | $624.5M | $455.7M | $368.1M | $384.3M | $384.1M |
| YoY % | -40.8% | +195.5% | -20.6% | -33.6% | +88.6% | +84.1% | +79.0% | -27.0% | -19.2% | +4.4% | -0.1% | |
| EPS (Basic) | $1.79 | $1.05 | $3.23 | $2.80 | $0.46 | $0.87 | $1.68 | $3.17 | $2.61 | $2.14 | $2.21 | $1.86 |
| YoY % | -41.3% | +207.6% | -13.3% | -83.6% | +89.1% | +93.1% | +88.7% | -17.7% | -18.0% | +3.3% | -15.8% | |
| EPS (Diluted) | $1.75 | $1.03 | $3.19 | $2.77 | $0.46 | $0.86 | $1.64 | $3.06 | $2.53 | $2.08 | $2.16 | $1.84 |
| YoY % | -41.1% | +209.7% | -13.2% | -83.4% | +87.0% | +90.7% | +86.6% | -17.3% | -17.8% | +3.8% | -14.8% | |
| Weighted Avg Shares (Basic) | 60.8M | 61.7M | 59.0M | 54.0M | 217.6M | 218.0M | 207.9M | 197.0M | 174.9M | 172.2M | 173.6M | 206.0M |
| YoY % | +1.5% | -4.4% | -8.5% | +303.0% | +0.2% | -4.6% | -5.2% | -11.2% | -1.5% | +0.8% | +18.7% | |
| Weighted Avg Shares (Diluted) | 62.1M | 62.6M | 59.8M | 54.7M | 220.4M | 221.6M | 212.3M | 204.3M | 180.3M | 177.3M | 178.2M | 209.2M |
| YoY % | +0.8% | -4.5% | -8.5% | +302.9% | +0.5% | -4.2% | -3.8% | -11.7% | -1.7% | +0.5% | +17.4% | |
| Dividends Declared per Share | — | — | — | — | — | — | — | — | $0 | $0 | $1 | $1 |
| YoY % | +10.0% | +18.2% | +15.4% |
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 |
| FY20212021-12-31 | $0.31 | — | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $0.00 | — | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $0.00 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-21 | $0.1700 | — | quarterly | licensed |
| 2026-03-05 | $0.1700 | 2026-03-19 | quarterly | licensed |
| 2025-11-20 | $0.1500 | — | quarterly | licensed |
| 2025-08-21 | $0.1500 | — | quarterly | licensed |
| 2025-05-22 | $0.1500 | 2025-06-05 | quarterly | licensed |
| 2025-03-06 | $0.1500 | — | quarterly | licensed |
| 2024-11-21 | $0.1300 | 2024-12-05 | quarterly | licensed |
| 2024-08-15 | $0.1300 | 2024-08-29 | quarterly | licensed |
