| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $963M | $913M | $877M | 5.4% | 9.8% |
| Op. Income | $210M | $212M | $204M | -1.3% | 2.6% |
| Gross Margin | 30.9% | 32.9% | 33.0% | -2.0pp | -2.1pp |
| Net Margin | 17.9% | 19.0% | 18.9% | -1.1pp | -1.0pp |
| EPS (Diluted) | $4.18 | $4.21 | $3.99 | -0.7% | 4.8% |
| Free Cash Flow | $352M | -$78M | -$289M | 551.8% | 222.1% |
| Item | Amount |
|---|---|
| REVENUE | $963M |
| Cost of Revenue | $665M |
| GROSS PROFIT | $297M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $753M |
| OPERATING INCOME | $210M |
| Interest Income | $17M |
| Interest Expense | $27M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $173M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $97M |
| EBIT | $219M |
| EBITDA | $317M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $963M |
| Cost of Revenue | $665M |
| GROSS PROFIT | $297M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $753M |
| OPERATING INCOME | $210M |
| Interest Income | $17M |
| Interest Expense | $27M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $173M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $97M |
| EBIT | $219M |
| EBITDA | $317M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $173M |
| Depreciation & Amortization | $97M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $102M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $372M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$42M |
| Purchases of Investments | -$122M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$299M |
| Net Debt Issuance | $143M |
| Common Stock Repurchased | $1.0K |
| Common Dividends Paid | -$66M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | $61M |
| FREE CASH FLOW | $352M |
| Net Change in Cash | $134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $383M |
| Short-Term Investments | $956M |
| Net Receivables | $198M |
| Inventory | $148M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $4.4B |
| Goodwill | $0 |
| Intangible Assets | $104M |
| Long-Term Investments | $249M |
| Tax Assets | $20M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $164M |
| Short-Term Debt | $239M |
| Deferred Revenue | $156M |
| Other Current Liabilities | $803M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | -$16M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $31M |
| Additional Paid-In Capital | $220M |
| Retained Earnings | $2.8B |
| Treasury Stock | -$300M |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $2.6B |
| Net Debt | $2.2B |
