| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.0B | $4.6B | $4.4B | 9.1% | 14.3% |
| Op. Income | $218M | $183M | $219M | 19.3% | -0.4% |
| Gross Margin | 5.8% | 8.0% | 9.0% | -2.2pp | -3.2pp |
| Net Margin | 1.7% | 1.6% | 2.8% | 0.2pp | -1.0pp |
| EPS (Diluted) | $0.33 | $0.27 | $-0.52 | 22.2% | 163.5% |
| Free Cash Flow | $1.1B | -$35M | $882M | 3143.2% | 19.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $218M |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | -$109M |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $124M |
| EBIT | $198M |
| EBITDA | $323M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $218M |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | -$109M |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $124M |
| EBIT | $198M |
| EBITDA | $323M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $124M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $905M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$120M |
| Acquisitions (Net) | $263M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$252M |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | -$325M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$568M |
| NET CASH FROM FINANCING | -$914M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $639M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $419M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $2.4B |
| Goodwill | $4.9B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $194M |
| Tax Assets | $0 |
| Other Non-Current Assets | $403M |
| TOTAL NON-CURRENT ASSETS | $9.8B |
| TOTAL ASSETS | $13.3B |
| Account Payables | $1.5B |
| Short-Term Debt | $32M |
| Deferred Revenue | $379M |
| Other Current Liabilities | -$379M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $411M |
| Other Non-Current Liabilities | $555M |
| TOTAL NON-CURRENT LIABILITIES | $6.6B |
| TOTAL LIABILITIES | $10.1B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | $453M |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$167M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $14M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $13.3B |
| Total Debt | $5.7B |
| Net Debt | $5.1B |
