| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.3B | $5.6B | 5.7% | 1.0% |
| Op. Income | $73M | $143M | $164M | -48.7% | -55.3% |
| Gross Margin | 10.6% | 11.1% | 11.6% | -0.5pp | -1.0pp |
| Net Margin | 0.1% | 1.7% | 1.5% | -1.5pp | -1.4pp |
| EPS (Diluted) | $0.07 | $1.01 | $0.91 | -92.9% | -92.1% |
| Free Cash Flow | $80M | $114M | $248M | -30.0% | -67.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $594M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $451M |
| Other Expenses | $69M |
| Operating Expenses | $520M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $73M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $32M |
| EBIT | $66M |
| EBITDA | $98M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $594M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $451M |
| Other Expenses | $69M |
| Operating Expenses | $520M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $73M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $32M |
| EBIT | $66M |
| EBITDA | $98M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | -$768.0K |
| Change in Working Capital | $120M |
| OPERATING CASH FLOW | $139M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6.0K |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | -$89M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $87M |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $192M |
| Short-Term Investments | $0 |
| Net Receivables | $4.3B |
| Inventory | $5.2B |
| Other Current Assets | $263M |
| TOTAL CURRENT ASSETS | $10.0B |
| PP&E (Net) | $869M |
| Goodwill | $837M |
| Intangible Assets | $0 |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $370M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $3.5B |
| Short-Term Debt | $87M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $245M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $84M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$258M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $2.9B |
| Net Debt | $2.7B |
