| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.1B | $1.9B | 3.2% | 11.8% |
| Op. Income | $196M | $181M | $181M | 8.3% | 8.3% |
| Gross Margin | 9.1% | 8.6% | 9.4% | 0.4pp | -0.3pp |
| Net Margin | 5.2% | 5.2% | 6.0% | -0.1pp | -0.8pp |
| EPS (Diluted) | $5.00 | $4.88 | $5.13 | 2.5% | -2.5% |
| Free Cash Flow | $214M | $116M | $187M | 84.4% | 14.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $196M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $196M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $55M |
| EBIT | $196M |
| EBITDA | $251M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $196M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $196M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $55M |
| EBIT | $196M |
| EBITDA | $251M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $843.0K |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $230M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$73M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | $53M |
| Common Stock Repurchased | -$154M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $214M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $224M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $136M |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $542M |
| Goodwill | $4.9B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $42M |
| Tax Assets | $0 |
| Other Non-Current Assets | $239M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $305M |
| Short-Term Debt | $69M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $287M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $160M |
| Other Non-Current Liabilities | $224M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $4M |
| Additional Paid-In Capital | $637M |
| Retained Earnings | $4.7B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $3.5B |
| Net Debt | $3.3B |
