| Market Cap | $45.75B | |
| Enterprise Value | $46.25B | |
| Revenue | $6.66B | +18.2% |
| Gross Profit | $3.81B | +24.4% |
| EBITDA | $94.3M | — |
| Net Income | -$298.2M | — |
| Diluted EPS | -$1.62 | — |
| Free Cash Flow | $461.5M | — |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend · 13y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||||||||
| Gross Margin | — | — | — | — | — | — | — | — | 56.19% | 42.72% | 41.91% | 54.36% | 57.23% | 90% | 61% | |
| Operating Margin | 17.67% | −23.87% | −0.77% | 5.13% | 7.56% | 7.75% | 13.77% | 18.66% | 13.51% | −21.78% | −67.12% | −77.94% | −1.57% | 35% | 45% | |
| EBITDA Margin | 18.23% | −21.92% | 1.27% | 6.86% | 10.01% | 9.25% | 15.32% | 20.31% | 15.26% | −19.49% | −63.92% | −73.87% | 1.42% | 42% | 43% | |
| NOPAT Margin | — | — | — | — | — | — | 12.15% | 16.21% | 12.14% | −17.21% | −53.02% | −61.58% | −1.24% | 50% | 41% | |
| Net Margin | 15.38% | −25.81% | −0.59% | 3.78% | 9.68% | 12.51% | 13.09% | 17.46% | 11.93% | −21.02% | −69.99% | −79.50% | −4.48% | 35% | 40% | |
| FCF Margin | 28.52% | 15.08% | 15.85% | 21.73% | 24.09% | 29.10% | 20.47% | 25.01% | 2.84% | −3.80% | −2.95% | −3.81% | 6.93% | 35% | 47% | |
| FCFE Margin | — | — | — | — | — | — | — | 25.01% | 2.84% | −25.61% | — | — | — | — | — | |
| OCF Margin | 29.79% | 19.65% | 18.48% | 22.92% | 27.53% | 31.61% | 22.20% | 27.05% | 7.36% | 0.02% | −0.30% | −0.80% | 9.38% | 35% | 49% | |
| Gross Profitability | 52.02% | 12.93% | 23.16% | 24.03% | 23.93% | 26.98% | 31.25% | 30.48% | 30.08% | 14.41% | 18.35% | 33.35% | 40.60% | 88% | 72% | |
| Capex Intensity | 1.27% | 4.57% | 2.64% | 1.19% | 3.43% | 2.51% | 1.73% | 2.04% | 4.53% | 3.82% | 2.65% | 3.01% | 2.45% | 35% | 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 · 2 ratios | ||||||||||||||||
| ▸Per share · 6 ratios | ||||||||||||||||
| ▸Other · 1 ratios | ||||||||||||||||
The five drivers multiply to 11.4% vs reported ROE 11.7%. 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↗ | 2026↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.35B | $1.08B | $1.41B | $1.78B | $1.79B | $2.67B | $3.09B | $3.37B | $3.50B | $5.35B | $5.35B | $5.63B | $6.66B |
| YoY % | -53.9% | +30.5% | +25.9% | +0.7% | +48.8% | +15.8% | +9.2% | +3.9% | +52.6% | -0.0% | +5.3% | +18.2% | |
| Cost of Revenue | — | — | — | — | — | — | — | — | $1.54B | $3.06B | $3.11B | $2.57B | $2.85B |
| YoY % | +99.6% | +1.4% | -17.3% | +10.7% | |||||||||
| Gross Profit | $936.2M | $288.1M | $599.8M | $756.8M | $894.6M | $1.14B | $1.55B | $1.84B | $1.97B | $2.29B | $2.24B | $3.06B | $3.81B |
| YoY % | -69.2% | +108.2% | +26.2% | +18.2% | +28.0% | +35.1% | +18.8% | +7.2% | +16.0% | -1.9% | +36.6% | +24.4% | |
| R&D Expense | — | $115.0M | $119.8M | $137.9M | $196.4M | $230.2M | $296.4M | $317.3M | $406.6M | $887.6M | $948.2M | $1.01B | $1.07B |
| YoY % | +4.1% | +15.1% | +42.4% | +17.2% | +28.8% | +7.1% | +28.1% | +118.3% | +6.8% | +6.0% | +6.9% | ||
| Selling & Marketing Expense | $241.0M | $235.3M | $198.3M | $285.5M | $256.1M | $391.4M | $458.4M | $445.0M | $516.4M | $1.59B | $1.55B | $1.68B | $1.77B |
| YoY % | -2.3% | -15.7% | +43.9% | -10.3% | +52.8% | +17.1% | -2.9% | +16.0% | +207.2% | -2.3% | +8.6% | +5.2% | |
| SG&A Expense | $161.4M | $175.1M | $192.5M | $211.4M | $247.8M | $281.2M | $318.2M | $390.4M | $510.9M | $839.5M | $716.1M | $883.3M | $874.4M |
| YoY % | +8.5% | +9.9% | +9.9% | +17.2% | +13.5% | +13.2% | +22.7% | +30.9% | +64.3% | -14.7% | +23.3% | -1.0% | |
| Total Operating Expenses | $521.0M | $546.5M | $610.7M | $665.5M | $759.0M | $938.1M | $1.12B | $1.21B | $1.50B | $3.45B | $5.83B | $7.45B | $3.91B |
| YoY % | +4.9% | +11.7% | +9.0% | +14.1% | +23.6% | +19.5% | +7.8% | +23.8% | +130.7% | +69.0% | +27.8% | -47.5% | |
| Operating Income | $415.3M | -$258.5M | -$10.8M | $91.3M | $135.6M | $206.7M | $425.3M | $629.4M | $473.6M | -$1.17B | -$3.59B | -$4.39B | -$104.2M |
| YoY % | +48.5% | +52.4% | +105.8% | +48.0% | -24.8% | ||||||||
| Interest Expense | — | — | — | — | — | — | — | — | — | $129.6M | $140.6M | $167.3M | $151.4M |
| YoY % | +8.5% | +19.0% | -9.5% | ||||||||||
| Other Non-Operating Income | -$33.6M | -$31.9M | -$30.2M | -$15.7M | $1.0M | $26.1M | $38.5M | $8.8M | -$14.2M | -$141.9M | -$112.2M | -$100.2M | -$93.6M |
| YoY % | +2391.7% | +47.5% | -77.1% | ||||||||||
| Pretax Income | — | — | — | — | — | — | $458.4M | $677.8M | $465.4M | -$1.34B | -$3.70B | -$4.49B | -$197.8M |
| YoY % | +47.8% | -31.3% | |||||||||||
| Income Tax | $14.5M | $6.6M | -$30.0M | $9.7M | -$36.9M | -$101.1M | $54.0M | $88.9M | $47.4M | -$213.4M | $41.4M | -$12.4M | $100.4M |
| YoY % | -54.4% | +64.7% | -46.7% | ||||||||||
| Income from Continuing Operations | $361.7M | -$279.5M | -$8.3M | — | — | — | — | — | — | — | — | — | — |
| Net Income (incl. NCI) | — | — | — | — | — | — | $404.5M | $588.9M | $418.0M | -$1.12B | — | — | — |
| YoY % | +45.6% | -29.0% | |||||||||||
| Net Income | $361.6M | -$279.5M | -$8.3M | $67.3M | $173.5M | $333.8M | $404.5M | $588.9M | $418.0M | -$1.12B | -$3.74B | -$4.48B | -$298.2M |
| YoY % | +157.8% | +92.4% | +21.2% | +45.6% | -29.0% | ||||||||
| Net Income to Common | $320.5M | -$279.5M | -$8.3M | $66.0M | $173.4M | $333.8M | $404.5M | — | — | — | — | — | — |
| YoY % | +162.6% | +92.6% | +21.2% | ||||||||||
| EPS (Basic) | $3.79 | -$3.48 | -$0.10 | $0.73 | $1.57 | $2.95 | $3.58 | $5.14 | $3.62 | -$7.03 | -$22.01 | -$25.58 | -$1.62 |
| YoY % | +115.1% | +87.9% | +21.4% | +43.6% | -29.6% | ||||||||
| EPS (Diluted) | $3.20 | -$3.48 | -$0.10 | $0.72 | $1.54 | $2.90 | $3.54 | $5.09 | $3.58 | -$7.03 | -$22.01 | -$25.58 | -$1.62 |
| YoY % | +113.9% | +88.3% | +22.1% | +43.8% | -29.7% | ||||||||
| Weighted Avg Shares (Basic) | 95.3M | 80.4M | 83.4M | 91.9M | 110.2M | 113.2M | 113.1M | 114.6M | 115.5M | 159.9M | 170.1M | 175.1M | 183.9M |
| YoY % | -15.7% | +3.8% | +10.2% | +19.9% | +2.7% | -0.1% | +1.3% | +0.8% | +38.4% | +6.4% | +2.9% | +5.0% | |
| Weighted Avg Shares (Diluted) | — | 80.4M | 83.4M | 94.1M | 112.9M | 115.2M | 114.1M | 115.7M | 116.8M | 159.9M | 170.1M | — | — |
| YoY % | +3.8% | +12.8% | +20.0% | +2.1% | -0.9% | +1.4% | +1.0% | +36.9% | +6.4% |
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.
