| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.7B | $5.2B | -3.9% | 6.3% |
| Op. Income | $431M | $443M | $409M | -2.8% | 5.4% |
| Gross Margin | 22.8% | 21.9% | 22.3% | 0.9pp | 0.5pp |
| Net Margin | 5.1% | 5.1% | 5.1% | -0.0pp | -0.0pp |
| EPS (Diluted) | $2.14 | $2.21 | $1.97 | -3.2% | 8.6% |
| Free Cash Flow | $396M | $299M | $317M | 32.6% | 25.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $824M |
| Other Expenses | $0 |
| Operating Expenses | $824M |
| Cost & Expenses | $5.1B |
| OPERATING INCOME | $431M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $369M |
| Income Tax Expense | $90M |
| Net Income from Continuing Ops | $280M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $280M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $280M |
| D&A | $75M |
| EBIT | $428M |
| EBITDA | $502M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $824M |
| Other Expenses | $0 |
| Operating Expenses | $824M |
| Cost & Expenses | $5.1B |
| OPERATING INCOME | $431M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $369M |
| Income Tax Expense | $90M |
| Net Income from Continuing Ops | $280M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $280M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $280M |
| D&A | $75M |
| EBIT | $428M |
| EBITDA | $502M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $280M |
| Depreciation & Amortization | $75M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $45M |
| OPERATING CASH FLOW | $434M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | -$17M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$100.0K |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | $27M |
| Common Stock Repurchased | -$153M |
| Common Dividends Paid | -$82M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$216M |
| FREE CASH FLOW | $396M |
| Net Change in Cash | $166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $619M |
| Short-Term Investments | $0 |
| Net Receivables | $6.9B |
| Inventory | $563M |
| Other Current Assets | $452M |
| TOTAL CURRENT ASSETS | $8.5B |
| PP&E (Net) | $308M |
| Goodwill | $4.7B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $73M |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $16.0B |
| Account Payables | $4.2B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $534M |
| Other Current Liabilities | $677M |
| TOTAL CURRENT LIABILITIES | $7.2B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $172M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$100M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $16.0B |
| Total Debt | $6.3B |
| Net Debt | $5.7B |
