| Market Cap | $22.23B | |
| Enterprise Value | — | |
| Revenue | $3.17B | +10.6% |
| Gross Profit | $2.74B | +9.0% |
| EBITDA | $1.52B | +8.9% |
| Net Income | $1.29B | +11.7% |
| Diluted EPS | $27.86 | +13.1% |
| Free Cash Flow | $1.02B | −3.7% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 95.45% | 93.87% | 87.79% | 91.88% | 92.71% | 92.73% | 92.17% | 88.94% | 89.24% | 87.92% | 15% | 87% | |
| Operating Margin | 41.82% | 47.69% | 66.41% | 47.23% | 49.48% | −12.95% | 40.02% | 32.98% | 50.60% | 50.91% | 47.86% | 46.89% | 38% | 99% | |
| EBITDA Margin | 44.32% | 49.93% | 68.38% | 49.03% | 51.68% | −9.78% | 43.38% | 35.94% | 53.25% | 53.19% | 50.38% | 49.58% | 46% | 99% | |
| NOPAT Margin | 27.08% | 29.75% | 44.70% | 25.65% | 38.41% | −10.23% | 32.25% | 26.42% | 38.71% | 39.34% | 37.16% | 36.52% | 54% | 98% | |
| Net Margin | — | 44.45% | 44.64% | 24.22% | 36.20% | −7.21% | — | 28.23% | 37.56% | 42.31% | 41.53% | 41.94% | 65% | 96% | |
| FCF Margin | — | 22.72% | 37.88% | 22.48% | 36.49% | −20.04% | 46.95% | 28.32% | 34.28% | 32.12% | 37.55% | 32.70% | 50% | 96% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 35.56% | 34.09% | 38.71% | 33.18% | 13% | 91% | |
| OCF Margin | — | 26.12% | 40.26% | 27.49% | 47.82% | −14.26% | 50.95% | 35.49% | 41.45% | 42.02% | 46.12% | 49.05% | 86% | 98% | |
| Gross Profitability | 61.22% | — | 65.62% | 56.25% | 42.02% | 34.02% | 29.80% | 30.24% | 29.53% | 28.88% | 34.87% | 35.51% | 59% | 62% | |
| Capex Intensity | 3.68% | 3.40% | 2.38% | 5.00% | 11.33% | 5.78% | 4.00% | 7.17% | 7.17% | 9.90% | 8.57% | 16.35% | 96% | 88% | |
| ▸Returns on Capital · 3 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 6 ratios | |||||||||||||||
| ▸Liquidity & coverage · 6 ratios | |||||||||||||||
| ▸Leverage · 2 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 19.4% vs reported ROE 19.7%. 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↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.47B | $1.60B | $1.73B | $1.63B | $1.45B | $1.48B | $1.69B | $1.94B | $2.33B | $2.88B | $3.18B |
| YoY % | +13.8% | +9.1% | +7.9% | -5.7% | -11.0% | +2.4% | +13.6% | +14.9% | +20.2% | +23.6% | +10.6% | |
| Cost of Revenue | — | — | $72.7M | $105.7M | $198.7M | $117.6M | $108.1M | $122.5M | $151.6M | $257.5M | $309.7M | $384.4M |
| YoY % | +45.4% | +88.0% | -40.8% | -8.1% | +13.3% | +23.8% | +69.9% | +20.3% | +24.1% | |||
| Gross Profit | $1.15B | — | — | — | — | $1.33B | $1.38B | $1.56B | $1.78B | $2.07B | $2.57B | $2.80B |
| YoY % | +3.3% | +13.7% | +14.2% | +16.0% | +24.0% | +9.0% | ||||||
| R&D Expense | $242.5M | $245.1M | $147.6M | $264.6M | $357.9M | $1.18B | $357.7M | $540.1M | $322.9M | $408.0M | $481.0M | $550.0M |
| YoY % | +1.1% | -39.8% | +79.3% | +35.3% | +230.4% | -69.8% | +51.0% | -40.2% | +26.4% | +17.9% | +14.3% | |
| SG&A Expense | $381.3M | $452.7M | $316.8M | $330.1M | $265.8M | — | — | $467.0M | $482.1M | $477.1M | $709.7M | $755.8M |
| YoY % | +18.7% | -30.0% | +4.2% | -19.5% | +3.2% | -1.0% | +48.8% | +6.5% | ||||
| Total Operating Expenses | $749.7M | $766.8M | $537.1M | $910.4M | $822.4M | $1.64B | $889.7M | $1.13B | $956.6M | $1.14B | $1.50B | $1.69B |
| YoY % | +2.3% | -30.0% | +69.5% | -9.7% | +99.0% | -45.6% | +27.0% | -15.3% | +19.4% | +31.3% | +12.6% | |
| Operating Income | $538.8M | $699.0M | $1.06B | $814.9M | $805.4M | -$187.6M | $593.6M | $555.9M | $979.7M | $1.18B | $1.38B | $1.49B |
| YoY % | +29.7% | +51.9% | -23.2% | -1.2% | -6.4% | +76.2% | +20.9% | +16.2% | +8.4% | |||
| Interest Expense | — | — | — | — | — | — | — | — | $32.4M | $59.3M | $42.9M | $19.5M |
| YoY % | +83.0% | -27.7% | -54.5% | |||||||||
| Interest & Investment Income | — | — | $3.5M | $10.9M | $28.6M | $44.2M | $28.6M | $16.7M | $45.2M | $162.7M | $199.1M | $192.0M |
| YoY % | +211.4% | +162.4% | +54.5% | -35.3% | -41.6% | +170.7% | +260.0% | +22.4% | -3.6% | |||
| Other Non-Operating Income | $4.0M | $100,000 | -$1.1M | $2.3M | -$7.7M | $22.6M | $49.3M | $42.2M | -$40.2M | -$14.0M | $5.8M | $48.9M |
| YoY % | -97.5% | +118.1% | -14.4% | +743.1% | ||||||||
| Impairment of Real Estate | — | — | — | — | — | — | — | $19.2M | $11.2M | $3.6M | $0 | $21.7M |
| YoY % | -41.7% | -67.9% | -100.0% | |||||||||
| Pretax Income | $525.2M | $1.04B | $1.06B | $769.5M | $758.9M | -$165.0M | $638.9M | $593.9M | $950.6M | $1.27B | $1.54B | $1.71B |
| YoY % | +98.9% | +1.5% | -27.4% | -1.4% | -7.0% | +60.1% | +34.1% | +20.8% | +11.4% | |||
| Income Tax | $185.1M | $392.8M | $346.5M | $351.6M | $169.7M | -$60.5M | $124.1M | $118.1M | $223.3M | $289.5M | $343.9M | $379.2M |
| YoY % | +112.2% | -11.8% | +1.5% | -51.7% | -4.8% | +89.1% | +29.6% | +18.8% | +10.3% | |||
| Net Income (incl. NCI) | — | $651.6M | $713.7M | $417.9M | $589.2M | -$104.5M | — | — | — | — | — | — |
| YoY % | +9.5% | -41.4% | +41.0% | |||||||||
| Net Income | — | — | — | — | — | — | — | $475.8M | $727.3M | $984.8M | $1.20B | $1.33B |
| YoY % | +52.9% | +35.4% | +21.4% | +11.7% | ||||||||
| Net Income to Common | $340.1M | $651.6M | $713.7M | $417.9M | $589.2M | -$104.5M | $514.8M | $475.8M | $727.3M | — | — | — |
| YoY % | +91.6% | +9.5% | -41.4% | +41.0% | -7.6% | +52.9% | ||||||
| EPS (Basic) | $7.06 | $14.17 | $16.29 | $9.50 | $13.54 | -$2.39 | $11.65 | $10.60 | $15.98 | $21.04 | $26.44 | $30.13 |
| YoY % | +100.7% | +15.0% | -41.7% | +42.5% | -9.0% | +50.8% | +31.7% | +25.7% | +14.0% | |||
| EPS (Diluted) | $6.28 | $12.72 | $15.25 | $9.31 | $13.39 | -$2.39 | $11.54 | $10.06 | $15.00 | $19.81 | $24.64 | $27.86 |
| YoY % | +102.5% | +19.9% | -39.0% | +43.8% | -12.8% | +49.1% | +32.1% | +24.4% | +13.1% | |||
| Weighted Avg Shares (Basic) | 48.2M | 46.0M | 43.8M | 44.0M | 43.5M | 43.8M | 44.2M | 44.9M | 45.5M | 46.8M | 45.2M | 44.3M |
| YoY % | -4.6% | -4.8% | +0.5% | -1.1% | +0.7% | +0.9% | +1.6% | +1.3% | +2.9% | -3.4% | -2.0% | |
| Weighted Avg Shares (Diluted) | 54.2M | 51.2M | 46.8M | 44.9M | 44.0M | 43.8M | 44.6M | 47.3M | 48.5M | 49.7M | 48.5M | 47.9M |
| YoY % | -5.5% | -8.6% | -4.1% | -2.0% | -0.5% | +1.8% | +6.1% | +2.5% | +2.5% | -2.4% | -1.2% |
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.
