| Market Cap | $49.28B | |
| Enterprise Value | — | |
| Revenue | $11.98B | +7.5% |
| Gross Profit | $4.19B | +13.1% |
| EBITDA | $2.51B | +8.6% |
| Net Income | $1.27B | +10.8% |
| Diluted EPS | $6.83 | +13.1% |
| Free Cash Flow | $1.71B | −7.9% |
| DPS (FY2025) | $1.01derived |
| Trailing yield | 0.35% |
| Payout ratio | 14.8% |
| Growth streak | 6 yrs |
| 5y DPS growth | 15.7% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.01 | +26.2% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $0.80 | +16.9% | derived (paid ÷ diluted shares) |
| FY20232023-12-31 | $0.69 | +12.8% | derived (paid ÷ diluted shares) |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 30.74% | 31.68% | 31.53% | 27.45% | 28.28% | 27.78% | 28.28% | 30.29% | 30.38% | 30.42% | 32.41% | 34.08% | 96% | 44% | |
| Operating Margin | 17.31% | 18.37% | 15.58% | 10.85% | 10.85% | 8.09% | 9.86% | 11.20% | 12.09% | 13.08% | 15.49% | 16.06% | 79% | 75% | |
| EBITDA Margin | 19.33% | 20.32% | 17.96% | 13.51% | 13.35% | 12.98% | 16.12% | 17.48% | 17.82% | 18.57% | 20.33% | 20.54% | 96% | 72% | |
| NOPAT Margin | 11.99% | 12.51% | 11.83% | 8.08% | 8.61% | 5.91% | 7.29% | 8.59% | 9.07% | 9.88% | 11.72% | 11.93% | 79% | 72% | |
| Net Margin | 11.55% | 12.05% | 10.40% | 6.76% | 6.76% | 3.99% | 5.48% | 7.13% | 7.57% | 8.42% | 10.17% | 10.48% | 79% | 70% | |
| FCF Margin | 13.95% | 12.13% | 13.66% | 2.56% | 5.07% | 10.12% | 8.58% | 12.06% | 10.63% | 10.49% | 15.66% | 13.42% | 71% | 75% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 12.30% | 12.19% | 17.13% | 14.92% | 63% | 59% | |
| OCF Margin | 15.52% | 13.63% | 15.37% | 4.86% | 7.21% | 12.39% | 10.38% | 13.72% | 12.41% | 12.41% | 17.66% | 15.75% | 88% | 69% | |
| Gross Profitability | 28.33% | 32.45% | 14.04% | 16.19% | 14.27% | 12.02% | 11.58% | 12.84% | 13.72% | 15.50% | 18.00% | 17.25% | 71% | 36% | |
| Capex Intensity | 1.57% | 1.49% | 1.71% | 2.31% | 2.14% | 2.27% | 1.80% | 1.66% | 1.78% | 1.92% | 1.99% | 2.33% | 96% | 29% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 8 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 11.4% vs reported ROE 11.0%. 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 | $3.04B | $3.31B | $2.93B | $3.88B | $4.36B | $8.20B | $7.56B | $7.82B | $8.36B | $9.68B | $10.39B | $11.17B |
| YoY % | +8.7% | -11.4% | +32.4% | +12.4% | +87.9% | -7.9% | +3.5% | +6.9% | +15.7% | +7.3% | +7.5% | |
| Cost of Revenue | $2.11B | $2.26B | $2.01B | $2.82B | $3.13B | $5.92B | $5.42B | $5.45B | $5.82B | $6.73B | $7.02B | $7.36B |
| YoY % | +7.2% | -11.2% | +40.3% | +11.1% | +89.2% | -8.5% | +0.6% | +6.8% | +15.6% | +4.3% | +4.8% | |
| Gross Profit | $936.0M | $1.05B | $924.2M | $1.07B | $1.23B | $2.28B | $2.14B | $2.37B | $2.54B | $2.94B | $3.37B | $3.81B |
| YoY % | +11.9% | -11.8% | +15.3% | +15.8% | +84.6% | -6.2% | +10.9% | +7.2% | +15.9% | +14.3% | +13.1% | |
| R&D Expense | $61.9M | $71.2M | $71.4M | $95.2M | $87.5M | $210.0M | $162.0M | $176.0M | $209.0M | $218.0M | $206.0M | $223.0M |
| YoY % | +15.1% | +0.2% | +33.4% | -8.1% | +140.0% | -22.9% | +8.6% | +18.8% | +4.3% | -5.5% | +8.3% | |
| SG&A Expense | $324.5M | $347.4M | $373.6M | $512.5M | $633.2M | $1.17B | $948.0M | $1.03B | $1.03B | $1.14B | $1.25B | $1.49B |
| YoY % | +7.0% | +7.5% | +37.2% | +23.6% | +84.3% | -18.8% | +8.6% | -0.1% | +10.7% | +9.6% | +19.4% | |
| Total Operating Expenses | $408.9M | $440.2M | $467.6M | $644.2M | $760.5M | $1.61B | $1.39B | $1.49B | $1.53B | $1.68B | $1.76B | $2.01B |
| YoY % | +7.7% | +6.2% | +37.8% | +18.1% | +112.4% | -13.8% | +7.3% | +2.4% | +9.7% | +4.7% | +14.6% | |
| Operating Income | $527.1M | $607.6M | $456.6M | $421.1M | $473.4M | $663.0M | $745.0M | $876.0M | $1.01B | $1.27B | $1.61B | $1.79B |
| YoY % | +15.3% | -24.8% | -7.8% | +12.4% | +40.1% | +12.4% | +17.6% | +15.4% | +25.2% | +27.1% | +11.4% | |
| Interest Expense | — | — | — | — | — | — | — | — | $186.0M | $218.0M | $201.0M | $225.0M |
| YoY % | +17.2% | -7.8% | +11.9% | |||||||||
| Other Non-Operating Income | $765,000 | -$652,000 | $629,000 | $3.1M | $1.2M | -$1.0M | -$1.0M | $1.0M | -$1.0M | $32.0M | $2.0M | -$2.0M |
| YoY % | +392.8% | -61.3% | -93.8% | |||||||||
| Equity Method Income | $0 | $0 | $409,000 | $2.6M | $1.9M | $8.0M | $10.0M | $20.0M | $17.0M | $25.0M | $8.0M | $2.0M |
| YoY % | +535.7% | -26.9% | +321.1% | +25.0% | +100.0% | -15.0% | +47.1% | -68.0% | -75.0% | |||
| Pretax Income | $507.9M | $585.4M | $412.8M | $352.1M | $367.6M | $447.0M | $557.0M | $737.0M | $854.0M | $1.09B | $1.41B | $1.59B |
| YoY % | +15.3% | -29.5% | -14.7% | +4.4% | +21.6% | +24.6% | +32.3% | +15.9% | +27.9% | +29.1% | +12.9% | |
| Income Tax | $156.2M | $186.7M | $99.4M | $89.8M | $75.9M | $120.0M | $145.0M | $172.0M | $213.0M | $267.0M | $343.0M | $409.0M |
| YoY % | +19.6% | -46.8% | -9.7% | -15.5% | +58.1% | +20.8% | +18.6% | +23.8% | +25.4% | +28.5% | +19.2% | |
| Net Income (incl. NCI) | $351.7M | $398.6M | $313.4M | $262.3M | $291.7M | $327.0M | $412.0M | $565.0M | $641.0M | $825.0M | $1.07B | $1.18B |
| YoY % | +13.3% | -21.4% | -16.3% | +11.2% | +12.1% | +26.0% | +37.1% | +13.5% | +28.7% | +29.3% | +10.9% | |
| Minority Interest (P&L) | $0 | $0 | $8.5M | $0 | -$3.2M | $0 | -$2.0M | $7.0M | $8.0M | $10.0M | $11.0M | $13.0M |
| YoY % | -100.0% | +14.3% | +25.0% | +10.0% | +18.2% | |||||||
| Net Income | $351.7M | $398.6M | $304.9M | $262.3M | $294.9M | $327.0M | $414.0M | $558.0M | $633.0M | $815.0M | $1.06B | $1.17B |
| YoY % | +13.3% | -23.5% | -14.0% | +12.4% | +10.9% | +26.6% | +34.8% | +13.4% | +28.8% | +29.6% | +10.8% | |
| Net Income to Common | — | — | — | — | — | $325.0M | $413.0M | $556.0M | $631.0M | $813.0M | $1.05B | $1.17B |
| YoY % | +27.1% | +34.6% | +13.5% | +28.8% | +29.5% | +10.8% | ||||||
| Preferred Dividends | — | — | — | $0 | $0 | $1.0M | $0 | $0 | — | — | — | — |
| YoY % | -100.0% | |||||||||||
| EPS (Basic) | $3.66 | $4.14 | $3.37 | $2.74 | $3.06 | $1.91 | $2.18 | $2.96 | $3.46 | $4.54 | $6.05 | $6.84 |
| YoY % | +13.1% | -18.6% | -18.7% | +11.7% | -37.6% | +14.1% | +35.8% | +16.9% | +31.2% | +33.3% | +13.1% | |
| EPS (Diluted) | $3.62 | $4.10 | $3.34 | $2.72 | $3.05 | $1.84 | $2.17 | $2.96 | $3.46 | $4.53 | $6.04 | $6.83 |
| YoY % | +13.3% | -18.5% | -18.6% | +12.1% | -39.7% | +17.9% | +36.4% | +16.9% | +30.9% | +33.3% | +13.1% | |
| Weighted Avg Shares (Basic) | 95.8M | 96.1M | 90.4M | 95.5M | 96.0M | 170.5M | 189.9M | 187.7M | 182.2M | 178.8M | 174.1M | 170.5M |
| YoY % | +0.3% | -5.9% | +5.7% | +0.5% | +77.6% | +11.4% | -1.2% | -2.9% | -1.9% | -2.6% | -2.1% | |
| Weighted Avg Shares (Diluted) | 96.9M | 97.0M | 91.1M | 96.1M | 96.5M | 177.3M | 190.4M | 188.1M | 182.8M | 179.5M | 174.8M | 171.1M |
| YoY % | +0.1% | -6.0% | +5.4% | +0.4% | +83.7% | +7.4% | -1.2% | -2.8% | -1.8% | -2.6% | -2.1% |
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.
| FY20222022-12-31 | $0.61 | +24.2% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $0.49 | +0.1% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $0.49 | +5.6% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $0.46 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-22 | $0.3100 | — | quarterly | licensed |
| 2026-02-17 | $0.3100 | — | quarterly | licensed |
| 2025-11-12 | $0.2500 | 2025-11-26 | quarterly | licensed |
| 2025-08-14 | $0.2500 | — | quarterly | licensed |
| 2025-05-27 | $0.2500 | 2025-06-10 | quarterly | licensed |
| 2025-02-21 | $0.2500 | — | quarterly | licensed |
| 2024-11-13 | $0.2000 | — | quarterly | licensed |
| 2024-08-14 | $0.2000 | — | quarterly | licensed |
