| Market Cap | $38.76B | |
| Enterprise Value | $48.59B | |
| Revenue | $62.90B | +3.5% |
| Gross Profit | — | — |
| EBITDA | $7.87B | −4.6% |
| Net Income | $3.50B | +6.5% |
| Diluted EPS | $10.20 | +7.9% |
| Free Cash Flow | $2.54B | −33.2% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Operating Margin | 6.10% | 13.64% | 11.88% | 9.59% | 7.82% | 9.94% | −41.41% | −4.15% | 5.20% | 7.84% | 8.93% | 7.98% | 54% | 58% | |
| EBITDA Margin | 10.42% | 18.45% | 17.29% | 15.14% | 13.06% | 15.23% | −25.21% | 5.94% | 10.66% | 12.81% | 14.06% | 12.95% | 46% | 59% | |
| NOPAT Margin | 6.10% | 13.64% | 7.04% | 6.80% | 6.26% | 7.64% | −32.72% | −3.28% | 3.87% | 6.06% | 6.75% | 6.21% | 46% | 56% | |
| Net Margin | 2.91% | 19.39% | 6.11% | 5.68% | 5.14% | 6.96% | −46.04% | −7.97% | 1.64% | 4.87% | 5.52% | 5.68% | 63% | 61% | |
| FCF Margin | — | — | — | −1.05% | 5.07% | 5.50% | −38.16% | −0.16% | 2.77% | −0.48% | 6.71% | 4.33% | 61% | 44% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 5.72% | 2.33% | 8.87% | 6.14% | 63% | 33% | |
| FCFE Margin | — | — | — | 3.29% | 4.75% | 6.42% | 34.95% | 23.75% | −4.51% | −3.95% | −0.30% | −3.75% | 28% | 18% | |
| OCF Margin | — | — | — | 9.21% | 14.92% | 15.97% | −26.92% | 8.39% | 13.49% | 12.87% | 16.55% | 14.27% | 61% | 68% | |
| Capex Intensity | 5.15% | 7.25% | 8.82% | 10.26% | 9.85% | 10.47% | 11.25% | 8.55% | 10.72% | 13.35% | 9.84% | 9.94% | 54% | 86% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 7 ratios | |||||||||||||||
| ▸Working capital · 3 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 22.3% vs reported ROE 24.0%. 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 | $38.90B | $37.86B | $36.56B | $37.74B | $41.30B | $43.26B | $15.36B | $24.63B | $44.95B | $53.72B | $57.06B | $59.07B |
| YoY % | -2.7% | -3.5% | +3.2% | +9.5% | +4.7% | -64.5% | +60.4% | +82.5% | +19.5% | +6.2% | +3.5% | |
| Total Operating Expenses | $36.53B | $32.70B | $32.21B | $34.17B | $38.07B | $38.96B | $21.71B | $25.66B | $42.62B | $49.51B | $51.97B | $54.36B |
| YoY % | -10.5% | -1.5% | +6.1% | +11.4% | +2.3% | -44.3% | +18.2% | +66.1% | +16.2% | +5.0% | +4.6% | |
| Operating Income | $2.37B | $5.17B | $4.34B | $3.62B | $3.23B | $4.30B | -$6.36B | -$1.02B | $2.34B | $4.21B | $5.10B | $4.71B |
| YoY % | +117.7% | -15.9% | -16.7% | -10.8% | +33.2% | +80.2% | +21.0% | -7.5% | ||||
| Interest Expense | — | — | — | — | — | — | — | — | $1.78B | $1.96B | $1.63B | $1.37B |
| YoY % | +10.0% | -16.7% | -15.7% | |||||||||
| Interest & Investment Income | $22.0M | $25.0M | $42.0M | $57.0M | $101.0M | $133.0M | $50.0M | $36.0M | $298.0M | $827.0M | $726.0M | $611.0M |
| YoY % | +13.6% | +68.0% | +35.7% | +77.2% | +31.7% | -62.4% | -28.0% | +727.8% | +177.5% | -12.2% | -15.8% | |
| Other Non-Operating Income | -$584.0M | -$352.0M | -$11.0M | -$100.0M | -$72.0M | -$27.0M | -$1.33B | $40.0M | $8.0M | $96.0M | -$53.0M | $144.0M |
| YoY % | -80.0% | +1100.0% | ||||||||||
| Impairment of Real Estate | — | — | — | — | — | — | $318.0M | $97.0M | $0 | $0 | — | — |
| YoY % | -69.5% | -100.0% | ||||||||||
| Pretax Income | $1.13B | $4.22B | $3.77B | $3.02B | $2.65B | $3.91B | -$8.82B | -$2.56B | $990.0M | $3.39B | $4.17B | $4.31B |
| YoY % | +274.0% | -10.6% | -19.9% | -12.4% | +47.8% | +242.1% | +23.1% | +3.3% | ||||
| Income Tax | -$4.0M | -$3.12B | $1.54B | $880.0M | $526.0M | $905.0M | -$1.75B | -$593.0M | $253.0M | $769.0M | $1.02B | $953.0M |
| YoY % | -42.8% | -40.2% | +72.1% | +204.0% | +32.5% | -6.5% | ||||||
| Net Income | $1.13B | $7.34B | $2.23B | $2.14B | $2.12B | $3.01B | -$7.07B | -$1.96B | $737.0M | $2.62B | $3.15B | $3.35B |
| YoY % | +548.4% | -69.6% | -4.1% | -1.0% | +41.8% | +255.2% | +20.3% | +6.5% | ||||
| Net Income to Common | $1.13B | $7.34B | $2.23B | $2.14B | $2.12B | $3.01B | -$7.07B | -$1.96B | $737.0M | $2.62B | $3.15B | $3.35B |
| YoY % | +548.4% | -69.6% | -4.1% | -1.0% | +41.8% | +255.2% | +20.3% | +6.5% | ||||
| EPS (Basic) | $3.05 | $19.52 | $6.77 | $7.08 | $7.70 | $11.63 | -$25.30 | -$6.10 | $2.26 | $7.98 | $9.58 | $10.32 |
| YoY % | +540.0% | -65.3% | +4.6% | +8.8% | +51.0% | +253.1% | +20.1% | +7.7% | ||||
| EPS (Diluted) | $2.93 | $19.47 | $6.76 | $7.06 | $7.67 | $11.58 | -$25.30 | -$6.10 | $2.23 | $7.89 | $9.45 | $10.20 |
| YoY % | +564.5% | -65.3% | +4.4% | +8.6% | +51.0% | +253.8% | +19.8% | +7.9% | ||||
| Weighted Avg Shares (Basic) | 371.1M | 376.1M | 329.9M | 302.7M | 275.5M | 258.8M | 279.4M | 321.9M | 326.4M | 327.8M | 328.6M | 324.9M |
| YoY % | +1.3% | -12.3% | -8.2% | -9.0% | -6.1% | +8.0% | +15.2% | +1.4% | +0.4% | +0.2% | -1.1% | |
| Weighted Avg Shares (Diluted) | 389.7M | 376.9M | 330.3M | 303.6M | 276.7M | 259.9M | 279.4M | 321.9M | 330.1M | 331.9M | 333.2M | 328.5M |
| YoY % | -3.3% | -12.4% | -8.1% | -8.9% | -6.1% | +7.5% | +15.2% | +2.5% | +0.5% | +0.4% | -1.4% |
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.
