| Market Cap | $2.01B | |
| Enterprise Value | — | |
| Revenue | $3.01B | +33.7% |
| Gross Profit | $1.67B | +38.8% |
| EBITDA | $348.5M | +675.5% |
| Net Income | $530.8M | +527.4% |
| Diluted EPS | $2.75 | +570.7% |
| Free Cash Flow | $508.3M | +77.6% |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend · 7y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||
| Gross Margin | 55.14% | 54.43% | 49.82% | 57.21% | 54.09% | 53.34% | 55.35% | 79% | 82% | |
| Operating Margin | 4.20% | −9.75% | −14.00% | −8.90% | −4.64% | −0.14% | 9.17% | 93% | 73% | |
| EBITDA Margin | 7.72% | −6.17% | −9.78% | −5.32% | −2.96% | 2.00% | 11.58% | 93% | 66% | |
| NOPAT Margin | 3.32% | −7.70% | −11.06% | −7.03% | −0.56% | −0.10% | 7.11% | 93% | 73% | |
| Net Margin | −3.37% | −2.58% | −25.87% | −13.30% | −0.24% | 3.76% | 17.64% | 93% | 96% | |
| FCF Margin | 20.71% | 15.79% | −27.00% | −10.10% | 12.98% | 12.72% | 16.89% | 79% | 93% | |
| OCF Margin | 26.15% | 21.24% | −21.39% | 0.72% | 20.54% | 17.68% | 19.99% | 50% | 92% | |
| Gross Profitability | 32.39% | 20.20% | 43.04% | 12.35% | 16.36% | 21.81% | 28.06% | 64% | 37% | |
| Capex Intensity | 5.44% | 5.45% | 5.61% | 10.82% | 7.56% | 4.97% | 3.10% | 7% | 61% | |
| ▸Returns on Capital · 5 ratios | ||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||||
| ▸Earnings quality · 7 ratios | ||||||||||
| ▸Liquidity & coverage · 9 ratios | ||||||||||
| ▸Leverage · 9 ratios | ||||||||||
| ▸Working capital · 8 ratios | ||||||||||
| ▸Capital allocation · 2 ratios | ||||||||||
| ▸Per share · 3 ratios | ||||||||||
| ▸Other · 1 ratios | ||||||||||
The five drivers multiply to 14.6% vs reported ROE 14.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ | 2026↗ |
|---|---|---|---|---|---|---|---|
| Revenue | $3.27B | $4.50B | $4.39B | $1.02B | $1.49B | $2.25B | $3.01B |
| YoY % | +37.3% | -2.3% | -76.8% | +46.2% | +51.0% | +33.7% | |
| Cost of Revenue | $1.47B | $2.05B | $2.20B | $436.4M | $684.3M | $1.05B | $1.34B |
| YoY % | +39.5% | +7.6% | -80.2% | +56.8% | +53.4% | +27.9% | |
| Gross Profit | $1.80B | $2.45B | $2.19B | $583.4M | $806.1M | $1.20B | $1.67B |
| YoY % | +35.6% | -10.6% | -73.3% | +38.2% | +48.9% | +38.8% | |
| Selling & Marketing Expense | $852.8M | $1.68B | $1.12B | $283.0M | $461.9M | $748.8M | $889.1M |
| YoY % | +97.0% | -33.4% | -74.7% | +63.2% | +62.1% | +18.7% | |
| SG&A Expense | $795.0M | $1.12B | $1.20B | $413.8M | $413.5M | $454.7M | $500.4M |
| YoY % | +40.6% | +7.4% | -65.5% | -0.1% | +10.0% | +10.1% | |
| Total Operating Expenses | $1.68B | $2.90B | $2.82B | $696.8M | $875.4M | $1.20B | $1.39B |
| YoY % | +73.2% | -2.8% | -75.3% | +25.6% | +37.5% | +15.5% | |
| Operating Income | $137.4M | -$438.2M | -$614.5M | -$90.7M | -$69.2M | -$3.2M | $276.0M |
| Interest Expense | $11.8M | $16.9M | $7.9M | — | — | — | — |
| YoY % | +43.4% | -53.6% | |||||
| Other Non-Operating Income | -$95.3M | $141.8M | $16.9M | -$82.4M | $48.8M | $64.7M | $390.2M |
| YoY % | -88.1% | +32.7% | +502.9% | ||||
| Equity Method Income | -$7.7M | $11.7M | $10.8M | -$2.2M | -$6.2M | -$9.5M | -$855,000 |
| YoY % | -7.6% | ||||||
| Impairment of Real Estate | — | — | — | — | $1.3M | $5.4M | $20.0M |
| YoY % | +315.6% | +272.7% | |||||
| Pretax Income | -$50.7M | -$224.6M | -$778.1M | -$109.7M | $17.5M | $132.1M | $685.4M |
| YoY % | +655.7% | +418.8% | |||||
| Income Tax | $69.3M | -$69.9M | $397.0M | $20.0M | $15.4M | $38.3M | $154.4M |
| YoY % | -95.0% | -23.1% | +149.2% | +303.0% | |||
| Net Income (incl. NCI) | -$127.7M | -$143.1M | -$1.16B | -$132.0M | -$4.1M | $84.3M | $530.1M |
| YoY % | +529.2% | ||||||
| Minority Interest (P&L) | -$17.5M | -$27.1M | -$28.2M | $3.6M | -$565,000 | -$331,000 | -$613,000 |
| Net Income | -$110.2M | -$116.0M | -$1.14B | -$135.6M | -$3.6M | $84.6M | $530.8M |
| YoY % | +527.4% | ||||||
| Net Income to Common | — | — | — | -$135.6M | -$3.6M | $84.6M | $530.8M |
| YoY % | +527.4% | ||||||
| EPS (Basic) | -$0.56 | -$0.57 | -$5.29 | -$0.64 | -$0.02 | $0.42 | $2.79 |
| YoY % | +564.3% | ||||||
| EPS (Diluted) | -$0.56 | -$0.57 | -$5.29 | -$0.64 | -$0.02 | $0.41 | $2.75 |
| YoY % | +570.7% | ||||||
| Weighted Avg Shares (Basic) | 198.2M | 203.6M | 214.8M | 212.6M | 203.3M | 202.0M | 190.4M |
| YoY % | +2.7% | +5.5% | -1.0% | -4.4% | -0.7% | -5.7% | |
| Weighted Avg Shares (Diluted) | 198.2M | 203.6M | 214.8M | 212.6M | 203.3M | 205.2M | 192.9M |
| YoY % | +2.7% | +5.5% | -1.0% | -4.4% | +0.9% | -6.0% |
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.
