| Market Cap | $83.48B | |
| Enterprise Value | $93.01B | |
| Revenue | $24.41B | +2.1% |
| Gross Profit | $11.96B | +2.9% |
| EBITDA | $4.73B | −0.3% |
| Net Income | $2.69B | −4.2% |
| Diluted EPS | $10.26 | −2.7% |
| Free Cash Flow | $3.21B | +27.4% |
| DPS (FY2025) | $3.15derived |
| Trailing yield | 0.92% |
| Payout ratio | 30.7% |
| Growth streak | 6 yrs |
| 5y DPS growth | 12.3% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $3.15 | +10.8% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $2.85 | +17.9% | derived (paid ÷ diluted shares) |
| FY20232023-12-31 | $2.41 | +2.2% | derived (paid ÷ diluted shares) |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | — | 44.84% | 42.31% | 44.89% | 47.29% | 42.83% | 42.10% | 46.67% | 48.47% | 48.85% | 94% | 82% | |
| Operating Margin | 15.23% | 17.31% | 18.25% | 14.92% | 14.89% | 15.69% | 18.37% | 15.46% | 15.34% | 18.05% | — | — | — | — | |
| EBITDA Margin | 17.02% | 19.06% | 19.92% | 18.20% | 18.29% | 18.90% | 21.54% | 18.33% | 17.96% | 20.75% | 19.44% | 19.00% | 54% | 84% | |
| NOPAT Margin | — | — | — | — | — | 12.20% | 14.81% | 12.82% | 12.04% | 13.87% | 13.01% | 12.41% | 36% | 85% | |
| Net Margin | 7.78% | 9.29% | 9.55% | 11.53% | 6.32% | 8.61% | 11.06% | 9.35% | 9.12% | 10.36% | 11.61% | 10.90% | 71% | 87% | |
| FCF Margin | 7.92% | 10.70% | 9.02% | 11.09% | 9.65% | 11.13% | 16.91% | 9.39% | 5.76% | 11.42% | 9.02% | 11.26% | 79% | 86% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 7.14% | 12.82% | 10.42% | 12.78% | 63% | 93% | |
| FCFE Margin | 8.74% | 12.17% | 9.01% | 56.33% | 3.07% | 8.10% | 15.79% | 16.09% | 10.06% | 8.21% | 9.18% | 15.44% | 71% | 96% | |
| OCF Margin | 9.72% | 12.77% | 11.04% | 12.57% | 11.09% | 12.97% | 18.56% | 11.25% | 8.67% | 15.28% | 13.65% | 14.64% | 79% | 87% | |
| Gross Profitability | 90.62% | 96.20% | 87.69% | 33.76% | 38.77% | 39.21% | 42.56% | 41.34% | 41.27% | 46.87% | 47.37% | 44.46% | 54% | 63% | |
| Capex Intensity | 1.80% | 2.07% | 2.02% | 1.49% | 1.43% | 1.84% | 1.65% | 1.87% | 2.91% | 3.85% | 4.63% | 3.38% | 79% | 69% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 7 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 3 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 64.8% vs reported ROE 70.1%. 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 | $11.13B | $11.34B | $11.86B | $14.98B | $17.53B | $17.90B | $18.36B | $19.94B | $22.15B | $23.05B | $23.10B | $23.57B |
| YoY % | +1.9% | +4.6% | +26.4% | +17.0% | +2.1% | +2.6% | +8.6% | +11.1% | +4.1% | +0.2% | +2.1% | |
| Cost of Revenue | — | — | — | $8.27B | $10.12B | $9.86B | $9.68B | $11.40B | $12.82B | $12.29B | $11.90B | $12.06B |
| YoY % | +22.4% | -2.5% | -1.9% | +17.8% | +12.5% | -4.1% | -3.2% | +1.3% | ||||
| Gross Profit | $5.16B | $5.56B | $5.92B | $6.72B | $7.42B | $8.04B | $8.68B | $8.54B | $9.33B | $10.76B | $11.20B | $11.52B |
| YoY % | +7.7% | +6.5% | +13.5% | +10.4% | +8.3% | +8.0% | -1.6% | +9.2% | +15.4% | +4.1% | +2.9% | |
| R&D Expense | $50.0M | $57.7M | $58.0M | $58.5M | $51.9M | — | — | — | — | — | — | — |
| YoY % | +15.3% | +0.6% | +0.7% | -11.2% | ||||||||
| SG&A Expense | $3.82B | $3.89B | $4.14B | $4.80B | $5.03B | $5.27B | $5.48B | $5.88B | $6.33B | $7.07B | $7.42B | $7.70B |
| YoY % | +1.6% | +6.6% | +15.9% | +4.9% | +4.8% | +3.8% | +7.4% | +7.6% | +11.6% | +5.0% | +3.7% | |
| Operating Income | $1.70B | $1.96B | $2.16B | $2.24B | $2.61B | $2.81B | $3.37B | $3.08B | $3.40B | $4.16B | — | — |
| YoY % | +15.8% | +10.2% | +3.3% | +16.8% | +7.6% | +20.1% | -8.6% | +10.2% | +22.5% | |||
| Interest Expense | — | — | — | — | — | — | — | — | $390.8M | $417.5M | $415.7M | $465.0M |
| YoY % | +6.8% | -0.4% | +11.9% | |||||||||
| Interest & Investment Income | — | — | — | — | — | — | $3.6M | $4.9M | $8.0M | $25.2M | — | — |
| YoY % | +36.1% | +63.3% | +215.0% | |||||||||
| Other Non-Operating Income | $15.4M | -$6.1M | $11.8M | $32.7M | -$20.1M | $18.0M | -$5.3M | $19.5M | -$47.0M | -$65.5M | $44.7M | -$20.9M |
| YoY % | +176.6% | |||||||||||
| Gains on Sale of Real Estate | — | — | — | — | — | — | $9.4M | $6.1M | $17.8M | -$900,000 | $49.9M | $34.0M |
| YoY % | -35.1% | +191.8% | -31.9% | |||||||||
| Impairment of Real Estate | — | — | — | — | — | — | — | $0 | $15.5M | $57.9M | $0 | $17.8M |
| YoY % | +273.5% | -100.0% | ||||||||||
| Pretax Income | — | — | — | — | — | $1.98B | $2.52B | $2.25B | $2.57B | $3.11B | $3.45B | $3.34B |
| YoY % | +27.1% | -10.7% | +14.4% | +20.9% | +11.0% | -3.3% | ||||||
| Income Tax | $392.3M | $495.1M | $462.5M | -$300.2M | $251.0M | $440.5M | $488.8M | $384.2M | $553.0M | $721.1M | $770.4M | $769.7M |
| YoY % | +26.2% | -6.6% | +75.5% | +11.0% | -21.4% | +43.9% | +30.4% | +6.8% | -0.1% | |||
| Income from Continuing Operations | — | — | $1.13B | $1.77B | $1.11B | $1.54B | — | — | — | — | — | — |
| YoY % | +56.2% | -37.3% | +39.0% | |||||||||
| Income from Discontinued Operations | — | $0 | $0 | -$41.6M | — | — | — | — | — | — | — | — |
| Net Income (incl. NCI) | $865.9M | — | — | — | — | — | — | — | — | — | — | — |
| Net Income | $865.9M | $1.05B | $1.13B | $1.73B | $1.11B | $1.54B | $2.03B | $1.86B | $2.02B | $2.39B | $2.68B | $2.57B |
| YoY % | +21.7% | +7.5% | +52.5% | -35.8% | +39.0% | +31.7% | -8.2% | +8.4% | +18.3% | +12.2% | -4.2% | |
| Net Income to Common | $861.0M | $1.05B | — | — | — | — | — | — | — | — | — | — |
| YoY % | +21.9% | |||||||||||
| EPS (Basic) | $9.00 | $11.43 | $12.33 | $18.60 | $11.92 | $5.60 | $7.48 | $7.10 | $7.83 | $9.35 | $10.68 | $10.37 |
| YoY % | +27.0% | +7.9% | +50.9% | -35.9% | -53.0% | +33.6% | -5.1% | +10.3% | +19.4% | +14.2% | -2.9% | |
| EPS (Diluted) | $8.77 | $11.15 | $11.99 | $18.20 | $11.67 | $5.50 | $7.36 | $6.98 | $7.72 | $9.25 | $10.55 | $10.26 |
| YoY % | +27.1% | +7.5% | +51.8% | -35.9% | -52.9% | +33.8% | -5.2% | +10.6% | +19.8% | +14.1% | -2.7% | |
| Weighted Avg Shares (Basic) | 96.2M | 92.2M | 91.8M | 92.9M | 93.0M | 275.4M | 271.3M | 262.5M | 258.0M | 255.4M | 251.0M | 247.6M |
| YoY % | -4.2% | -0.4% | +1.2% | +0.1% | +196.2% | -1.5% | -3.2% | -1.7% | -1.0% | -1.7% | -1.4% | |
| Weighted Avg Shares (Diluted) | 98.7M | 94.5M | 94.5M | 94.9M | 95.0M | 280.3M | 275.8M | 267.1M | 261.8M | 258.3M | 254.1M | 250.4M |
| YoY % | -4.3% | -0.1% | +0.5% | +0.1% | +195.1% | -1.6% | -3.2% | -2.0% | -1.3% | -1.6% | -1.5% |
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.
| FY20222022-12-31 | $2.36 | +7.5% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $2.20 | +24.2% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $1.77 | +17.9% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $1.50 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-22 | $0.8000 | 2026-06-05 | quarterly | licensed |
| 2026-03-02 | $0.8000 | 2026-03-13 | quarterly | licensed |
| 2025-11-14 | $0.7900 | 2025-12-05 | quarterly | licensed |
| 2025-08-15 | $0.7900 | — | quarterly | licensed |
| 2025-05-16 | $0.7900 | 2025-06-06 | quarterly | licensed |
| 2025-03-03 | $0.7900 | — | quarterly | licensed |
| 2024-11-15 | $0.7150 | — | quarterly | licensed |
| 2024-08-16 | $0.7150 | — | quarterly | licensed |
