| Market Cap | $9.26B | |
| Enterprise Value | $12.56B | |
| Revenue | $10.98B | −8.0% |
| Gross Profit | $693.0M | −58.5% |
| EBITDA | -$539.0M | −120.1% |
| Net Income | -$1.64B | −350.5% |
| Diluted EPS | -$11.70 | −352.2% |
| Free Cash Flow | -$508.0M | −273.2% |
| DPS (FY2025) | $2.11 |
| Trailing yield | 2.92% |
| Payout ratio | — |
| Growth streak | 11 yrs |
| 5y DPS growth | 14.7% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $2.11 | +2.9% | reported |
| FY20242024-12-31 | $2.05 | +19.6% | reported |
| FY20232023-12-31 | $1.71 | +30.9% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 19.37% | 21.90% | 23.01% | 15.52% | 13.63% | 29.67% | 25.79% | 17.68% | 16.12% | 7.28% | 5% | 6% | |
| Operating Margin | 25.46% | 21.51% | 11.49% | 15.23% | 16.31% | 8.08% | 5.72% | 23.77% | 19.31% | 5.81% | 7.21% | −14.13% | 4% | 20% | |
| EBITDA Margin | 30.18% | 27.02% | 18.93% | 22.71% | 23.73% | 16.86% | 16.02% | 30.91% | 26.00% | 14.55% | 16.38% | −3.58% | 4% | 22% | |
| NOPAT Margin | 16.09% | 14.85% | 8.64% | 15.23% | 12.64% | 6.55% | 5.72% | 18.38% | 15.06% | 4.33% | 4.97% | −11.16% | 4% | 14% | |
| Net Margin | 15.37% | 14.47% | 7.86% | 16.22% | 11.53% | 5.19% | 4.40% | 17.11% | 14.23% | 3.82% | 4.96% | −13.50% | 4% | 23% | |
| FCF Margin | 13.62% | 13.17% | 4.69% | 11.83% | 8.19% | 6.33% | 10.29% | 14.74% | 14.48% | 10.38% | 2.52% | −4.74% | 4% | 21% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 15.35% | 11.36% | 3.42% | — | — | — | |
| FCFE Margin | 13.62% | 13.17% | 32.84% | 21.09% | −5.30% | 6.33% | −6.42% | 14.74% | 12.90% | 10.38% | 0.05% | −7.02% | 4% | 14% | |
| OCF Margin | 23.38% | 24.18% | 17.08% | 19.00% | 16.32% | 16.03% | 17.28% | 20.33% | 21.50% | 18.62% | 10.82% | 4.16% | 4% | 31% | |
| Gross Profitability | 25.27% | 21.28% | 9.03% | 14.58% | 17.13% | 9.50% | 7.39% | 18.93% | 19.82% | 10.55% | 9.43% | 4.07% | 4% | 12% | |
| Capex Intensity | 9.76% | 11.00% | 12.39% | 7.18% | 8.13% | 9.69% | 7.00% | 5.59% | 7.02% | 8.24% | 8.30% | 8.91% | 63% | 64% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 3 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 5.7% vs reported ROE 5.8%. 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 | $4.42B | $4.46B | $5.08B | $8.04B | $8.63B | $8.12B | $7.50B | $11.78B | $15.79B | $12.55B | $12.14B | $11.17B |
| YoY % | +1.1% | +13.7% | +58.4% | +7.4% | -6.0% | -7.6% | +57.0% | +34.1% | -20.6% | -3.2% | -8.0% | |
| Cost of Revenue | — | — | $4.09B | $6.28B | $6.65B | $6.86B | $6.48B | $8.28B | $11.72B | $10.33B | $10.19B | $10.36B |
| YoY % | +53.4% | +5.9% | +3.2% | -5.5% | +27.8% | +41.5% | -11.9% | -1.4% | +1.7% | |||
| Gross Profit | $1.32B | $1.19B | $983.0M | $1.76B | $1.99B | $1.26B | $1.02B | $3.50B | $4.07B | $2.22B | $1.96B | $813.0M |
| YoY % | -10.0% | -17.0% | +79.1% | +12.8% | -36.6% | -18.8% | +241.6% | +16.5% | -45.5% | -11.8% | -58.5% | |
| SG&A Expense | $183.7M | $218.0M | $258.0M | $399.0M | $445.0M | $458.0M | $449.0M | $551.0M | $835.0M | $865.0M | $874.0M | $900.0M |
| YoY % | +18.6% | +18.3% | +54.7% | +11.5% | +2.9% | -2.0% | +22.7% | +51.5% | +3.6% | +1.0% | +3.0% | |
| Operating Income | $1.12B | $960.0M | $583.0M | $1.23B | $1.41B | $656.0M | $429.0M | $2.80B | $3.05B | $729.0M | $875.0M | -$1.58B |
| YoY % | -14.6% | -39.3% | +110.1% | +14.9% | -53.4% | -34.6% | +552.7% | +8.9% | -76.1% | +20.0% | ||
| Interest Expense | — | — | — | — | — | — | — | — | $177.0M | $165.0M | $159.0M | $171.0M |
| YoY % | -6.8% | -3.6% | +7.5% | |||||||||
| Interest & Investment Income | $3.5M | $6.0M | $8.4M | — | — | — | — | — | — | — | — | — |
| YoY % | +74.0% | +39.6% | ||||||||||
| Other Non-Operating Income | -$2.7M | $38.0M | $54.0M | $15.0M | $52.0M | $38.0M | $44.0M | $53.0M | $73.0M | $136.0M | $222.0M | $152.0M |
| YoY % | +42.1% | -72.2% | +246.7% | -26.9% | +15.8% | +20.5% | +37.7% | +86.3% | +63.2% | -31.5% | ||
| Equity Method Income | $5.9M | $6.2M | $3.6M | — | — | — | — | — | — | — | — | — |
| YoY % | +6.1% | -42.1% | ||||||||||
| Gains on Sale of Real Estate | — | — | — | — | — | — | -$33.0M | -$28.0M | -$46.0M | -$45.0M | -$43.0M | -$359.0M |
| Impairment of Real Estate | — | — | — | — | — | — | — | $0 | $0 | $475.0M | $0 | $727.0M |
| YoY % | -100.0% | |||||||||||
| Pretax Income | $1.08B | $963.0M | $558.0M | $1.08B | $1.33B | $570.0M | $331.0M | $2.68B | $2.95B | $700.0M | $938.0M | -$1.60B |
| YoY % | -11.2% | -42.1% | +93.7% | +23.4% | -57.3% | -41.9% | +708.8% | +10.0% | -76.2% | +34.0% | ||
| Income Tax | $398.9M | $298.0M | $138.0M | -$258.0M | $300.0M | $108.0M | -$42.0M | $607.0M | $649.0M | $178.0M | $291.0M | -$126.0M |
| YoY % | -25.3% | -53.7% | -64.0% | +6.9% | -72.6% | +63.5% | ||||||
| Net Income (incl. NCI) | $685.0M | $665.0M | $420.0M | $1.34B | $1.03B | $462.0M | $373.0M | $2.07B | $2.30B | $522.0M | $647.0M | -$1.47B |
| YoY % | -2.9% | -36.8% | +218.8% | -22.8% | -55.3% | -19.3% | +455.0% | +11.0% | -77.3% | +23.9% | ||
| Minority Interest (P&L) | $6.5M | $19.0M | $21.0M | $35.0M | $38.0M | $41.0M | $43.0M | $55.0M | $50.0M | $43.0M | $45.0M | $37.0M |
| YoY % | +192.6% | +10.5% | +66.7% | +8.6% | +7.9% | +4.9% | +27.9% | -9.1% | -14.0% | +4.7% | -17.8% | |
| Net Income | $678.5M | $646.0M | $399.0M | $1.30B | $996.0M | $421.0M | $330.0M | $2.02B | $2.25B | $479.0M | $602.0M | -$1.51B |
| YoY % | -4.8% | -38.2% | +226.8% | -23.6% | -57.7% | -21.6% | +510.6% | +11.5% | -78.7% | +25.7% | ||
| EPS (Basic) | $5.09 | $4.88 | $3.07 | $10.05 | $7.66 | $3.26 | $2.57 | $15.66 | $17.46 | $3.73 | $4.66 | -$11.70 |
| YoY % | -4.1% | -37.1% | +227.4% | -23.8% | -57.4% | -21.2% | +509.3% | +11.5% | -78.6% | +24.9% | ||
| EPS (Diluted) | $5.07 | $4.86 | $3.06 | $10.00 | $7.62 | $3.25 | $2.56 | $15.58 | $17.34 | $3.70 | $4.64 | -$11.70 |
| YoY % | -4.1% | -37.0% | +226.8% | -23.8% | -57.3% | -21.2% | +508.6% | +11.3% | -78.7% | +25.4% | ||
| Weighted Avg Shares (Basic) | 133.1M | 131.8M | 129.4M | 129.1M | 129.4M | 128.4M | 127.9M | 128.0M | 128.0M | 127.8M | 128.5M | 128.3M |
| YoY % | -1.0% | -1.9% | -0.2% | +0.2% | -0.8% | -0.4% | +0.1% | -0.0% | -0.1% | +0.6% | -0.2% | |
| Weighted Avg Shares (Diluted) | 133.6M | 132.3M | 130.0M | 129.5M | 130.0M | 128.8M | 128.1M | 128.7M | 128.8M | 128.6M | 129.2M | 128.3M |
| YoY % | -1.0% | -1.8% | -0.3% | +0.3% | -0.9% | -0.5% | +0.5% | +0.1% | -0.2% | +0.5% | -0.7% | |
| Dividends Declared per Share | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $2 | $2 | $2 |
| YoY % | +19.1% | +7.4% | +7.7% | +14.8% | +11.4% | +3.9% | +6.6% | +15.3% | +30.9% | +19.6% | +2.9% |
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 | $1.31 | +15.3% | reported |
| FY20212021-12-31 | $1.14 | +6.6% | reported |
| FY20202020-12-31 | $1.06 | +3.9% | reported |
| FY20192019-12-31 | $1.02 | +11.4% | reported |
| FY20182018-12-31 | $0.92 | +14.8% | reported |
| FY20172017-12-31 | $0.80 | +7.7% | reported |
| FY20162016-12-31 | $0.74 | +7.4% | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-27 | $0.5300 | — | quarterly | licensed |
| 2026-03-03 | $0.5300 | — | quarterly | licensed |
| 2025-11-25 | $0.5300 | — | quarterly | licensed |
| 2025-08-19 | $0.5300 | 2025-09-04 | quarterly | licensed |
| 2025-05-20 | $0.5250 | — | quarterly | licensed |
| 2025-03-04 | $0.5250 | — | quarterly | licensed |
| 2024-11-26 | $0.5250 | — | quarterly | licensed |
| 2024-08-20 | $0.5250 | — | quarterly | licensed |
