| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $947M | $869M | $824M | 9.0% | 14.9% |
| Op. Income | $183M | $166M | $155M | 10.4% | 18.5% |
| Gross Margin | 37.5% | 37.7% | 38.5% | -0.1pp | -1.0pp |
| Net Margin | 14.5% | 14.4% | 14.3% | 0.1pp | 0.2pp |
| EPS (Diluted) | $3.69 | $3.32 | $3.09 | 11.1% | 19.4% |
| Free Cash Flow | $315M | $176M | $278M | 79.1% | 13.3% |
| Item | Amount |
|---|---|
| REVENUE | $947M |
| Cost of Revenue | $592M |
| GROSS PROFIT | $355M |
| R&D Expenses | $25M |
| Selling & Marketing | $46M |
| General & Administrative | $100M |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $172M |
| Cost & Expenses | $764M |
| OPERATING INCOME | $183M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $0 |
| EBIT | $183M |
| EBITDA | $183M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $947M |
| Cost of Revenue | $592M |
| GROSS PROFIT | $355M |
| R&D Expenses | $25M |
| Selling & Marketing | $46M |
| General & Administrative | $100M |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $172M |
| Cost & Expenses | $764M |
| OPERATING INCOME | $183M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $0 |
| EBIT | $183M |
| EBITDA | $183M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $137M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $6.0K |
| Change in Working Capital | $170M |
| OPERATING CASH FLOW | $353M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $844.0K |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | -$140M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$219.0K |
| NET CASH FROM FINANCING | -$168M |
| FREE CASH FLOW | $315M |
| Net Change in Cash | $146M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $371M |
| Short-Term Investments | $0 |
| Net Receivables | $932M |
| Inventory | $615M |
| Other Current Assets | $100M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $581M |
| Goodwill | $1.7B |
| Intangible Assets | $532M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $397M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $310M |
| Short-Term Debt | $200M |
| Deferred Revenue | $561M |
| Other Current Liabilities | $334M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $936M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $154M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $49M |
| Additional Paid-In Capital | $165M |
| Retained Earnings | $4.3B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | -$174M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $1.3B |
| Net Debt | $943M |
