| Market Cap | $27.93B | |
| Enterprise Value | $32.03B | |
| Revenue | $3.10B | +6.6% |
| Gross Profit | $2.17B | +8.4% |
| EBITDA | $1.63B | +7.8% |
| Net Income | $910.2M | −5.2% |
| Diluted EPS | $6.48 | −3.4% |
| Free Cash Flow | $1.13B | +29.5% |
| DPS (FY2025) | $1.79derived |
| Trailing yield | 0.84% |
| Payout ratio | 27.6% |
| Growth streak | 5 yrs |
| 5y DPS growth | 11.0% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.79 | +15.7% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 64.19% | 63.46% | 63.00% | 62.53% | 65.11% | 65.33% | 66.98% | 67.31% | 68.73% | 69.88% | 95% | 67% | |
| Operating Margin | — | — | 38.47% | 37.35% | 34.83% | 26.73% | 42.14% | 37.01% | 56.33% | 42.21% | 43.51% | 43.74% | 85% | 96% | |
| EBITDA Margin | — | — | 44.80% | 43.67% | 41.73% | 33.85% | 50.61% | 45.41% | 64.22% | 49.92% | 51.62% | 52.17% | 85% | 96% | |
| NOPAT Margin | — | — | — | — | — | 21.16% | 33.66% | 28.57% | 46.50% | 31.57% | 33.67% | 33.92% | 79% | 95% | |
| Net Margin | — | — | 29.63% | 25.88% | 25.00% | 17.26% | 31.40% | 27.05% | 38.20% | 22.92% | 33.25% | 29.56% | 55% | 88% | |
| FCF Margin | — | — | 21.10% | 26.10% | 29.37% | 28.36% | 36.19% | 36.03% | 31.41% | 30.98% | 31.93% | 38.79% | 95% | 94% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 36.00% | 34.20% | 35.27% | 43.10% | 88% | 93% | |
| FCFE Margin | — | — | −17.49% | 33.56% | 16.84% | 45.61% | 58.00% | 36.03% | 31.41% | 49.45% | 52.41% | 61.52% | 95% | 93% | |
| OCF Margin | — | — | 28.94% | 34.66% | 39.01% | 36.68% | 47.07% | 46.93% | 42.41% | 39.56% | 39.70% | 46.73% | 75% | 95% | |
| Gross Profitability | — | — | 27.66% | 22.61% | 25.57% | 23.11% | 19.54% | 20.60% | 24.02% | 41.34% | 46.44% | 34.66% | 75% | 56% | |
| Capex Intensity | — | — | 7.84% | 8.55% | 9.64% | 8.32% | 10.88% | 10.90% | 11.00% | 8.58% | 7.77% | 7.94% | 25% | 86% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 3 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 348.2% vs reported ROE 444.0%. 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 | — | — | $2.00B | $2.15B | $2.40B | $2.61B | $2.27B | $2.46B | $2.50B | $2.68B | $2.88B | $3.07B |
| YoY % | +7.5% | +11.6% | +8.9% | -13.0% | +8.5% | +1.4% | +7.4% | +7.5% | +6.6% | |||
| Cost of Revenue | — | — | $714.4M | $783.8M | $886.2M | $976.8M | $791.7M | $853.7M | $824.6M | $876.5M | $901.1M | $925.5M |
| YoY % | +9.7% | +13.1% | +10.2% | -18.9% | +7.8% | -3.4% | +6.3% | +2.8% | +2.7% | |||
| R&D Expense | $25.6M | $20.6M | $27.4M | $37.4M | $45.1M | $60.0M | $44.6M | $47.1M | $43.1M | $36.8M | $35.3M | $40.9M |
| YoY % | -19.5% | +33.0% | +36.5% | +20.6% | +33.0% | -25.7% | +5.6% | -8.5% | -14.6% | -4.1% | +15.9% | |
| SG&A Expense | $187.3M | $278.3M | $301.6M | $322.8M | $378.7M | $603.5M | $308.2M | $313.2M | $381.5M | $391.8M | $408.7M | $458.2M |
| YoY % | +48.6% | +8.4% | +7.0% | +17.3% | +59.4% | -48.9% | +1.6% | +21.8% | +2.7% | +4.3% | +12.1% | |
| Total Operating Expenses | $798.8M | $1.06B | $1.23B | $1.34B | $1.56B | $1.91B | $1.31B | $1.55B | $1.09B | $1.55B | $1.63B | $1.73B |
| YoY % | +32.4% | +16.1% | +9.5% | +16.1% | +22.4% | -31.3% | +18.1% | -29.7% | +42.1% | +5.0% | +6.2% | |
| Operating Income | $632.3M | $703.4M | $767.6M | $801.2M | $834.1M | $696.9M | $956.3M | $911.4M | $1.41B | $1.13B | $1.25B | $1.34B |
| YoY % | +11.2% | +9.1% | +4.4% | +4.1% | -16.4% | +37.2% | -4.7% | +54.3% | -19.5% | +10.8% | +7.2% | |
| Interest Expense | — | — | — | — | — | — | — | — | $138.8M | $115.5M | $124.6M | $170.9M |
| YoY % | -16.8% | +7.9% | +37.2% | |||||||||
| Other Non-Operating Income | -$69.8M | -$19.3M | -$113.9M | -$110.2M | -$114.4M | -$128.5M | -$137.9M | -$124.9M | -$144.1M | -$104.5M | -$25.3M | -$172.6M |
| Impairment of Real Estate | — | — | — | — | — | — | — | — | — | $0 | $7.6M | $2.2M |
| YoY % | -71.1% | |||||||||||
| Pretax Income | — | — | — | — | — | $568.4M | $818.4M | $786.5M | $1.26B | $1.03B | $1.23B | $1.17B |
| YoY % | +44.0% | -3.9% | +60.5% | -18.6% | +19.6% | -4.7% | ||||||
| Income Tax | $208.5M | $196.6M | $202.2M | $135.9M | $121.0M | $118.5M | $164.6M | $179.4M | $220.3M | $258.8M | $277.9M | $263.0M |
| YoY % | -5.7% | +2.8% | -32.8% | -11.0% | -2.1% | +38.9% | +9.0% | +22.8% | +17.5% | +7.4% | -5.4% | |
| Income from Continuing Operations | $354.0M | $487.5M | $451.5M | $555.1M | $598.7M | — | $653.8M | $607.1M | $1.04B | $768.4M | $950.7M | $908.3M |
| YoY % | +37.7% | -7.4% | +22.9% | +7.9% | -7.1% | +71.7% | -26.3% | +23.7% | -4.5% | |||
| Income from Discontinued Operations | $29.2M | — | — | — | — | — | $58.9M | $59.2M | -$87.8M | -$154.0M | $6.8M | $0 |
| YoY % | +0.5% | -100.0% | ||||||||||
| Net Income (incl. NCI) | — | — | — | — | — | $449.9M | $712.7M | $666.3M | $954.3M | $614.4M | $957.5M | $908.3M |
| YoY % | +58.4% | -6.5% | +43.2% | -35.6% | +55.8% | -5.1% | ||||||
| Minority Interest (P&L) | — | — | — | — | — | $0 | $0 | $100,000 | $400,000 | -$200,000 | -$700,000 | $0 |
| YoY % | +300.0% | |||||||||||
| Net Income | $400.0M | $507.6M | $591.2M | $555.1M | $598.7M | $449.9M | $712.7M | $666.2M | $953.9M | $614.6M | $958.2M | $908.3M |
| YoY % | +26.9% | +16.5% | -6.1% | +7.9% | -24.9% | +58.4% | -6.5% | +43.2% | -35.6% | +55.9% | -5.2% | |
| EPS (Basic) | $2.41 | $3.07 | $3.51 | $3.36 | $3.63 | $2.75 | $4.38 | $4.12 | $6.04 | $4.19 | $6.74 | $6.50 |
| YoY % | +27.4% | +14.3% | -4.3% | +8.0% | -24.2% | +59.3% | -5.9% | +46.6% | -30.6% | +60.9% | -3.6% | |
| EPS (Diluted) | $2.37 | $3.01 | $3.45 | $3.29 | $3.56 | $2.70 | $4.31 | $4.08 | $6.00 | $4.17 | $6.71 | $6.48 |
| YoY % | +27.0% | +14.6% | -4.6% | +8.2% | -24.2% | +59.6% | -5.3% | +47.1% | -30.5% | +60.9% | -3.4% | |
| Weighted Avg Shares (Basic) | 165.8M | 165.1M | 168.2M | 165.2M | 164.8M | 163.5M | 162.6M | 161.8M | 157.9M | 146.6M | 142.2M | 139.7M |
| YoY % | -0.4% | +1.9% | -1.8% | -0.2% | -0.8% | -0.6% | -0.5% | -2.4% | -7.1% | -3.0% | -1.7% | |
| Weighted Avg Shares (Diluted) | 169.1M | 168.5M | 171.2M | 168.7M | 168.3M | 166.6M | 165.3M | 163.3M | 158.9M | 147.3M | 142.8M | 140.1M |
| YoY % | -0.4% | +1.6% | -1.5% | -0.2% | -1.0% | -0.7% | -1.2% | -2.7% | -7.3% | -3.1% | -1.9% | |
| Dividends Declared per Share | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | — | — |
| YoY % | +8.0% | +7.4% | +6.9% | +9.7% |
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.
| $1.55 |
| +16.0% |
| derived (paid ÷ diluted shares) |
| FY20232023-12-31 | $1.34 | +8.8% | derived (paid ÷ diluted shares) |
| FY20222022-12-31 | $1.23 | +6.6% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $1.15 | +8.4% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $1.06 | — | derived (paid ÷ diluted shares) |
| FY20202020-09-30 | — | — | reported |
| FY20202020-06-30 | — | — | reported |
| FY20202020-03-31 | — | — | reported |
| FY20192019-12-31 | $0.98 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-15 | $0.5000 | 2026-06-30 | quarterly | licensed |
| 2026-03-13 | $0.5000 | — | quarterly | licensed |
| 2025-12-15 | $0.4500 | 2025-12-31 | quarterly | licensed |
| 2025-09-15 | $0.4500 | — | quarterly | licensed |
| 2025-06-13 | $0.4500 | 2025-06-30 | quarterly | licensed |
| 2025-03-14 | $0.4500 | — | quarterly | licensed |
| 2024-12-13 | $0.3900 | — | quarterly | licensed |
| 2024-09-13 | $0.3900 | — | quarterly | licensed |
