| Market Cap | $18.86B | |
| Enterprise Value | $25.87B | |
| Revenue | $6.41B | +6.6% |
| Gross Profit | $3.08B | +5.5% |
| EBITDA | $2.19B | +5.8% |
| Net Income | $810.0M | +4.8% |
| Diluted EPS | $3.15 | +5.0% |
| Free Cash Flow | $1.70B | +25.4% |
| DPS (FY2025) | $1.04 |
| Trailing yield | 1.33% |
| Payout ratio | 31.8% |
| Growth streak | 9 yrs |
| 5y DPS growth | 14.4% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.04 | +6.1% | reported |
| FY20242024-12-31 | $0.98 | +11.4% | reported |
| FY20232023-12-31 | $0.88 | +10.0% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 46.51% | 46.78% | 45.96% | 47.09% | 40.05% | 43.63% | 44.86% | 47.70% | 47.61% | 48.19% | 48.68% | 48.17% | 79% | 49% | |
| Operating Margin | 26.09% | 16.47% | 19.48% | 23.69% | 12.54% | 19.74% | 21.12% | 24.60% | 21.63% | 21.97% | 22.84% | 22.91% | 71% | 89% | |
| EBITDA Margin | 39.10% | 31.55% | 34.92% | 37.85% | 27.70% | 36.47% | 36.66% | 37.81% | 34.35% | 34.15% | 34.40% | 34.13% | 21% | 93% | |
| NOPAT Margin | 19.26% | 11.60% | 15.60% | 23.69% | 10.35% | 16.28% | 17.02% | 18.99% | 16.03% | 15.59% | 19.47% | 18.77% | 63% | 88% | |
| Net Margin | 17.08% | 4.28% | 8.84% | 19.63% | 3.02% | 9.46% | 13.39% | 15.84% | 12.31% | 11.03% | 12.93% | 12.71% | 54% | 77% | |
| FCF Margin | — | — | 26.36% | 26.04% | 17.73% | 27.31% | 24.63% | 27.28% | 20.27% | 21.05% | 22.56% | 26.53% | 75% | 87% | |
| FCFF Margin | — | — | 33.38% | 32.53% | 24.48% | 34.60% | 28.95% | 30.42% | 24.65% | 27.19% | 29.27% | 32.21% | 65% | 87% | |
| FCFE Margin | — | — | 0.47% | −4.55% | −74.08% | −45.32% | 2.69% | 9.66% | 8.92% | 7.43% | −66.78% | 14.33% | 95% | 65% | |
| OCF Margin | — | — | 28.24% | 28.16% | 18.71% | 28.67% | 25.38% | 28.29% | 21.47% | 22.08% | 23.61% | 27.82% | 55% | 84% | |
| Gross Profitability | 15.76% | 8.06% | 11.93% | 14.24% | 8.51% | 12.07% | 13.15% | 13.90% | 15.10% | 14.65% | 15.04% | 14.59% | 63% | 24% | |
| Capex Intensity | 1.96% | 1.36% | 1.88% | 2.12% | 0.98% | 1.36% | 0.75% | 1.02% | 1.20% | 1.03% | 1.04% | 1.29% | 54% | 40% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 8 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 12.1% vs reported ROE 11.9%. 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 | $767.9M | $1.00B | $1.48B | $1.68B | $3.42B | $4.63B | $4.67B | $5.05B | $5.28B | $5.50B | $5.88B | $6.27B |
| YoY % | +30.3% | +48.1% | +13.1% | +104.2% | +35.4% | +0.8% | +8.2% | +4.6% | +4.2% | +6.9% | +6.6% | |
| Cost of Revenue | $410.7M | $532.4M | $800.5M | $886.4M | $2.05B | $2.61B | $2.57B | $2.64B | $2.77B | $2.85B | $3.02B | $3.25B |
| YoY % | +29.6% | +50.4% | +10.7% | +131.4% | +27.3% | -1.4% | +2.6% | +4.8% | +3.0% | +5.9% | +7.7% | |
| Gross Profit | $357.1M | $467.9M | $680.9M | $788.9M | $1.37B | $2.02B | $2.09B | $2.41B | $2.52B | $2.65B | $2.86B | $3.02B |
| YoY % | +31.0% | +45.5% | +15.9% | +73.7% | +47.5% | +3.6% | +15.1% | +4.4% | +5.4% | +8.0% | +5.5% | |
| R&D Expense | $57.3M | $110.4M | $152.7M | $153.3M | $318.2M | $383.7M | $399.4M | $414.9M | $447.3M | $473.8M | $517.7M | $507.5M |
| YoY % | +92.7% | +38.3% | +0.4% | +107.6% | +20.6% | +4.1% | +3.9% | +7.8% | +5.9% | +9.3% | -2.0% | |
| Selling & Marketing Expense | $48.6M | $95.0M | $117.1M | $118.5M | $211.0M | $353.9M | $356.3M | $394.1M | $500.1M | $550.9M | $584.2M | $625.0M |
| YoY % | +95.4% | +23.3% | +1.2% | +78.1% | +67.7% | +0.7% | +10.6% | +26.9% | +10.2% | +6.0% | +7.0% | |
| SG&A Expense | $50.9M | $97.8M | $122.5M | $119.6M | $313.9M | $369.2M | $352.3M | $358.0M | $425.0M | $418.2M | $418.2M | $452.4M |
| YoY % | +92.3% | +25.2% | -2.4% | +162.5% | +17.6% | -4.6% | +1.6% | +18.7% | -1.6% | 0.0% | +8.2% | |
| Total Operating Expenses | $156.8M | $303.2M | $392.3M | $392.0M | $940.9M | $1.11B | $1.11B | $1.17B | $1.37B | $1.44B | $1.52B | $1.58B |
| YoY % | +93.4% | +29.4% | -0.1% | +140.0% | +17.6% | +0.1% | +5.3% | +17.6% | +5.1% | +5.4% | +4.3% | |
| Operating Income | $200.4M | $164.7M | $288.6M | $396.9M | $429.1M | $914.4M | $985.8M | $1.24B | $1.14B | $1.21B | $1.34B | $1.44B |
| YoY % | -17.8% | +75.2% | +37.5% | +8.1% | +113.1% | +7.8% | +26.0% | -8.0% | +5.8% | +11.1% | +6.9% | |
| Interest Expense | $27.2M | $79.3M | $129.9M | $108.6M | $280.1M | $409.6M | $249.9M | $205.7M | $312.2M | $476.3M | $463.0M | $434.7M |
| YoY % | +191.9% | +63.7% | -16.4% | +157.9% | +46.2% | -39.0% | -17.7% | +51.8% | +52.6% | -2.8% | -6.1% | |
| Interest & Investment Income | $1.7M | $2.0M | — | — | — | — | — | — | — | — | — | — |
| YoY % | +15.9% | |||||||||||
| Other Non-Operating Income | $2.8M | $3.9M | $3.4M | -$4.5M | $8.2M | $25.7M | $41.6M | $18.2M | $20.8M | $20.7M | $8.9M | -$23.0M |
| YoY % | +40.8% | -12.3% | +213.4% | +61.9% | -56.3% | +14.3% | -0.5% | -57.0% | ||||
| Equity Method Income | — | — | — | — | $2.1M | $3.6M | -$1.5M | $25.4M | $25.8M | $100.0M | $24.4M | -$9.3M |
| YoY % | +71.4% | +1.6% | +287.6% | -75.6% | ||||||||
| Impairment of Real Estate | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Pretax Income | $177.7M | $60.8M | $163.6M | $282.7M | $125.1M | $531.7M | $775.8M | $1.04B | $876.1M | $857.7M | $893.7M | $974.8M |
| YoY % | -65.8% | +168.9% | +72.8% | -55.7% | +325.0% | +45.9% | +33.7% | -15.5% | -2.1% | +4.2% | +9.1% | |
| Income Tax | $46.5M | $18.0M | $32.6M | -$46.2M | $21.9M | $93.2M | $150.6M | $236.4M | $227.1M | $249.1M | $132.0M | $176.1M |
| YoY % | -61.4% | +81.3% | +325.6% | +61.6% | +57.0% | -3.9% | +9.7% | -47.0% | +33.4% | |||
| Net Income (incl. NCI) | — | — | — | — | — | $438.5M | $625.2M | $800.6M | $649.0M | $608.6M | $761.7M | $798.7M |
| YoY % | +42.6% | +28.1% | -18.9% | -6.2% | +25.2% | +4.9% | ||||||
| Minority Interest (P&L) | — | — | — | — | — | — | $0 | $600,000 | -$1.2M | $1.5M | $1.2M | $1.8M |
| YoY % | -20.0% | +50.0% | ||||||||||
| Net Income | $131.1M | $42.9M | $131.0M | $328.9M | $103.2M | $438.5M | $625.2M | $800.0M | $650.2M | $607.1M | $760.5M | $796.9M |
| YoY % | -67.3% | +205.6% | +151.1% | -68.6% | +324.9% | +42.6% | +28.0% | -18.7% | -6.6% | +25.3% | +4.8% | |
| EPS (Basic) | $0.79 | $0.24 | $0.65 | $1.60 | $0.44 | $1.73 | $2.44 | $3.13 | $2.56 | $2.45 | $3.09 | $3.26 |
| YoY % | -69.6% | +170.8% | +146.2% | -72.5% | +293.2% | +41.0% | +28.3% | -18.2% | -4.3% | +26.1% | +5.5% | |
| EPS (Diluted) | $0.75 | $0.22 | $0.64 | $1.55 | $0.42 | $1.66 | $2.35 | $2.99 | $2.48 | $2.39 | $3.00 | $3.15 |
| YoY % | -70.7% | +190.9% | +142.2% | -72.9% | +295.2% | +41.6% | +27.2% | -17.1% | -3.6% | +25.5% | +5.0% | |
| Weighted Avg Shares (Basic) | 166.6M | 182.2M | 200.3M | 204.9M | 232.5M | 252.9M | 256.4M | 255.6M | 254.0M | 248.3M | 246.4M | 244.3M |
| YoY % | +9.3% | +9.9% | +2.3% | +13.5% | +8.8% | +1.4% | -0.3% | -0.6% | -2.2% | -0.8% | -0.9% | |
| Weighted Avg Shares (Diluted) | 174.7M | 190.9M | 205.8M | 211.6M | 243.7M | 264.2M | 266.6M | 267.3M | 262.0M | 254.5M | 253.8M | 253.1M |
| YoY % | +9.3% | +7.8% | +2.8% | +15.2% | +8.4% | +0.9% | +0.3% | -2.0% | -2.9% | -0.3% | -0.3% | |
| Dividends Declared per Share | — | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $1 | $1 | $1 | $1 |
| YoY % | 0.0% | +6.0% | +13.2% | +41.7% | +24.7% | +28.3% | +17.6% | +10.0% | +11.4% | +6.1% |
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 | $0.80 | +17.6% | reported |
| FY20212021-12-31 | $0.68 | +28.3% | reported |
| FY20202020-12-31 | $0.53 | +24.7% | reported |
| FY20192019-12-31 | $0.42 | +41.7% | reported |
| FY20182018-12-31 | $0.30 | +13.2% | reported |
| FY20172017-12-31 | $0.27 | +6.0% | reported |
| FY20162016-12-31 | $0.25 | +0.0% | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-01 | $0.2700 | — | quarterly | licensed |
| 2026-03-02 | $0.2700 | 2026-03-16 | quarterly | licensed |
| 2025-12-01 | $0.2700 | 2025-12-15 | quarterly | licensed |
| 2025-09-02 | $0.2700 | 2025-09-15 | quarterly | licensed |
| 2025-06-02 | $0.2500 | 2025-06-16 | quarterly | licensed |
| 2025-03-03 | $0.2500 | — | quarterly | licensed |
| 2024-12-02 | $0.2500 | — | quarterly | licensed |
| 2024-09-03 | $0.2500 | — | quarterly | licensed |
