| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $4.1B | $4.2B | -5.4% | -6.5% |
| Op. Income | $181M | $221M | $184M | -17.9% | -1.3% |
| Gross Margin | 8.2% | 8.6% | 7.9% | -0.4pp | 0.3pp |
| Net Margin | 3.5% | 3.9% | 3.6% | -0.5pp | -0.1pp |
| EPS (Diluted) | $1.12 | $1.34 | $1.22 | -16.4% | -8.2% |
| Free Cash Flow | $302M | $269M | $265M | 12.2% | 14.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $320M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $139M |
| Other Expenses | $0 |
| Operating Expenses | $139M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $167M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $26M |
| EBIT | $180M |
| EBITDA | $207M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $320M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $139M |
| Other Expenses | $0 |
| Operating Expenses | $139M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $167M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $26M |
| EBIT | $180M |
| EBITDA | $207M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $136M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $158M |
| OPERATING CASH FLOW | $305M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | -$94M |
| Common Stock Repurchased | -$114M |
| Common Dividends Paid | -$74M |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$255M |
| FREE CASH FLOW | $302M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $161M |
| Short-Term Investments | $0 |
| Net Receivables | $2.5B |
| Inventory | $0 |
| Other Current Assets | $120M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $395M |
| Goodwill | $1.5B |
| Intangible Assets | $108M |
| Long-Term Investments | $0 |
| Tax Assets | $293M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $1.2B |
| Short-Term Debt | $72M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $296M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | -$197M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $734M |
| Retained Earnings | $6.1B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | -$78M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
