| Market Cap | $37.01B | |
| Enterprise Value | $56.86B | |
| Revenue | $10.08B | +14.0% |
| Gross Profit | $6.59B | +9.9% |
| EBITDA | $3.79B | +6.2% |
| Net Income | $640.3M | +2.0% |
| Diluted EPS | $4.81 | −0.4% |
| Free Cash Flow | — | — |
| DPS (FY2025) | $3.57 |
| Trailing yield | 3.14% |
| Payout ratio | — |
| Growth streak | 11 yrs |
| 5y DPS growth | 7.1% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $3.57 | +6.9% | reported |
| FY20242024-12-31 | $3.34 | +7.1% | reported |
| FY20232023-12-31 | $3.12 | +7.2% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 54.79% | 62.20% | 64.57% | 63.09% | 62.26% | 64.39% | 67.97% | 60.19% | 54.58% | 64.12% | 69.12% | 66.68% | 79% | 73% | |
| Operating Margin | 22.25% | 21.10% | 22.70% | 23.22% | 19.12% | 20.36% | 23.56% | 20.62% | 20.05% | 21.46% | 25.03% | 22.91% | 71% | 52% | |
| EBITDA Margin | 30.60% | 30.95% | 32.91% | 33.66% | 30.13% | 32.67% | 37.04% | 33.54% | 31.75% | 35.67% | 40.78% | 37.99% | 88% | 54% | |
| NOPAT Margin | 13.79% | 12.58% | 14.17% | 17.61% | 16.48% | 18.34% | 19.80% | 17.87% | 16.31% | 18.60% | 21.85% | 21.29% | 88% | 65% | |
| Net Margin | 11.80% | 10.80% | — | 15.75% | 13.81% | 15.09% | 16.59% | 15.65% | 14.68% | 14.99% | 17.77% | 15.90% | 77% | 63% | |
| FCF Margin | 8.74% | — | 9.10% | 1.56% | 0.37% | −2.44% | −9.37% | −4.09% | −6.63% | — | — | — | — | — | |
| FCFF Margin | — | — | — | — | — | — | — | — | −2.26% | — | — | — | — | — | — |
| FCFE Margin | 8.85% | — | 10.36% | 5.22% | 10.61% | 17.96% | −0.99% | 9.42% | 13.24% | — | — | — | — | — | |
| OCF Margin | 23.97% | — | 28.15% | 27.18% | 31.84% | 31.18% | 30.32% | 24.44% | 21.47% | 33.94% | 37.35% | 34.48% | 86% | 70% | |
| Gross Profitability | 18.37% | 12.56% | 16.02% | 15.28% | 14.28% | 13.86% | 13.29% | 12.84% | 12.51% | 12.98% | 12.55% | 12.68% | 29% | 46% | |
| Capex Intensity | 15.23% | 21.37% | 19.05% | 25.62% | 31.47% | 33.62% | 39.69% | 28.53% | 28.10% | — | — | — | — | — | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 7 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 11.6% vs reported ROE 11.6%. 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 | $5.00B | $5.93B | $7.47B | $7.65B | $7.68B | $7.52B | $7.24B | $8.32B | $9.60B | $8.89B | $8.60B | $9.80B |
| YoY % | +18.6% | +26.1% | +2.4% | +0.4% | -2.0% | -3.7% | +14.8% | +15.4% | -7.3% | -3.3% | +14.0% | |
| Cost of Revenue | $2.26B | $2.24B | $2.65B | $2.82B | $2.90B | $2.68B | $2.32B | $3.31B | $4.36B | $3.19B | $2.66B | $3.27B |
| YoY % | -0.9% | +18.2% | +6.6% | +2.7% | -7.6% | -13.4% | +42.7% | +31.6% | -26.8% | -16.8% | +23.0% | |
| Total Operating Expenses | $3.88B | $4.68B | $5.78B | $5.87B | $6.21B | $5.99B | $5.54B | $6.60B | $7.67B | $6.99B | $6.45B | $7.56B |
| YoY % | +20.4% | +23.5% | +1.7% | +5.8% | -3.5% | -7.6% | +19.2% | +16.2% | -9.0% | -7.7% | +17.2% | |
| Operating Income | $1.11B | $1.25B | $1.70B | $1.78B | $1.47B | $1.53B | $1.71B | $1.71B | $1.92B | $1.91B | $2.15B | $2.24B |
| YoY % | +12.4% | +35.6% | +4.7% | -17.3% | +4.3% | +11.4% | +0.5% | +12.2% | -0.8% | +12.8% | +4.3% | |
| Interest Expense | — | — | — | — | — | — | — | — | $515.1M | $727.4M | $815.3M | $895.1M |
| YoY % | +41.2% | +12.1% | +9.8% | |||||||||
| Interest & Investment Income | — | — | — | — | — | — | — | — | $1.2M | $3.9M | $17.2M | $5.9M |
| YoY % | +225.0% | +341.0% | -65.7% | |||||||||
| Other Non-Operating Income | $13.4M | $58.9M | $66.6M | $73.7M | $70.3M | $102.2M | $79.5M | $133.2M | $128.8M | $177.7M | $178.2M | $107.9M |
| YoY % | +339.6% | +13.1% | +10.7% | -4.6% | +45.4% | -22.2% | +67.5% | -3.3% | +38.0% | +0.3% | -39.5% | |
| Equity Method Income | $66.0M | $96.1M | $146.5M | $154.3M | $136.7M | $127.6M | $175.8M | $158.1M | — | — | — | — |
| YoY % | +45.6% | +52.4% | +5.3% | -11.4% | -6.7% | +37.8% | -10.1% | |||||
| Gains on Sale of Real Estate | — | — | — | — | — | — | $3.5M | $6.2M | $66.2M | $23.8M | -$700,000 | — |
| YoY % | +77.1% | +967.7% | -64.0% | |||||||||
| Impairment of Real Estate | — | — | — | — | — | — | — | $0 | $0 | $178.9M | $12.1M | $145.9M |
| YoY % | -93.2% | +1105.8% | ||||||||||
| Pretax Income | $951.2M | $1.07B | $1.51B | $1.59B | $1.23B | $1.26B | $1.43B | $1.50B | $1.73B | $1.54B | $1.75B | $1.67B |
| YoY % | +12.9% | +40.3% | +5.4% | -22.5% | +2.4% | +13.5% | +4.9% | +15.6% | -11.3% | +13.7% | -4.2% | |
| Income Tax | $361.7M | $433.8M | $566.5M | $383.5M | $169.8M | $125.0M | $227.9M | $200.3M | $322.9M | $204.6M | $222.0M | $118.0M |
| YoY % | +19.9% | +30.6% | -32.3% | -55.7% | -26.4% | +82.3% | -12.1% | +61.2% | -36.6% | +8.5% | -46.8% | |
| Income from Continuing Operations | $589.5M | $640.3M | $940.2M | $1.20B | $1.06B | $1.13B | — | — | — | — | — | — |
| YoY % | +8.6% | +46.8% | +28.2% | -12.0% | +7.0% | |||||||
| Net Income (incl. NCI) | $588.3M | — | — | $1.20B | $1.06B | $1.13B | $1.20B | $1.30B | $1.41B | $1.33B | $1.52B | $1.56B |
| YoY % | -12.0% | +7.0% | +5.9% | +8.1% | +8.6% | -5.5% | +14.5% | +2.0% | ||||
| Minority Interest (P&L) | — | — | — | $0 | $0 | -$500,000 | $300,000 | -$3.0M | $400,000 | -$1.2M | -$4.1M | -$3.2M |
| Net Income | $589.5M | $640.3M | — | — | — | — | — | — | — | — | — | — |
| YoY % | +8.6% | |||||||||||
| Net Income to Common | $588.3M | $638.5M | $939.0M | $1.20B | $1.06B | $1.13B | $1.20B | $1.30B | $1.41B | $1.33B | $1.53B | $1.56B |
| YoY % | +8.5% | +47.1% | +28.2% | -12.0% | +7.1% | +5.8% | +8.4% | +8.3% | -5.4% | +14.7% | +2.0% | |
| EPS (Basic) | $2.61 | $2.36 | $2.98 | $3.81 | $3.36 | $3.60 | $3.80 | $4.12 | $4.46 | $4.22 | $4.83 | $4.84 |
| YoY % | -9.6% | +26.3% | +27.9% | -11.8% | +7.1% | +5.6% | +8.4% | +8.3% | -5.4% | +14.5% | +0.2% | |
| EPS (Diluted) | $2.59 | $2.34 | $2.96 | $3.79 | $3.34 | $3.58 | $3.79 | $4.11 | $4.45 | $4.22 | $4.83 | $4.81 |
| YoY % | -9.7% | +26.5% | +28.0% | -11.9% | +7.2% | +5.9% | +8.4% | +8.3% | -5.2% | +14.5% | -0.4% | |
| Weighted Avg Shares (Basic) | 225.6M | 271.1M | 315.6M | 315.6M | 315.5M | 315.4M | 315.4M | 315.4M | 315.4M | 315.4M | 316.2M | 321.9M |
| YoY % | +20.2% | +16.4% | 0.0% | -0.0% | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.3% | +1.8% | |
| Weighted Avg Shares (Diluted) | 227.5M | 272.7M | 316.9M | 317.2M | 316.9M | 316.7M | 316.5M | 316.3M | 316.1M | 315.9M | 316.5M | 323.8M |
| YoY % | +19.9% | +16.2% | +0.1% | -0.1% | -0.1% | -0.1% | -0.1% | -0.1% | -0.1% | +0.2% | +2.3% | |
| Dividends Declared per Share | $2 | $2 | $2 | $2 | $2 | $2 | $3 | $3 | $3 | $3 | $3 | $4 |
| YoY % | +11.5% | +13.8% | +5.1% | +6.3% | +6.8% | +7.2% | +7.1% | +7.4% | +7.2% | +7.1% | +6.9% |
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.
| reported |
| FY20222022-12-31 | $2.91 | +7.4% | reported |
| FY20212021-12-31 | $2.71 | +7.1% | reported |
| FY20202020-12-31 | $2.53 | +7.2% | reported |
| FY20192019-12-31 | $2.36 | +6.8% | reported |
| FY20182018-12-31 | $2.21 | +6.3% | reported |
| FY20172017-12-31 | $2.08 | +5.1% | reported |
| FY20162016-12-31 | $1.98 | +13.8% | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-14 | $0.9525 | 2026-06-01 | quarterly | licensed |
| 2026-02-13 | $0.9525 | — | quarterly | licensed |
| 2025-11-14 | $0.8925 | 2025-12-01 | quarterly | licensed |
| 2025-08-14 | $0.8925 | — | quarterly | licensed |
| 2025-05-14 | $0.8925 | 2025-06-01 | quarterly | licensed |
| 2025-02-14 | $0.8925 | — | quarterly | licensed |
| 2024-11-14 | $0.8350 | — | quarterly | licensed |
| 2024-08-14 | $0.8350 | — | quarterly | licensed |
