| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.6B | $10.7B | $10.2B | -0.7% | 4.6% |
| Op. Income | $426M | $595M | $324M | -28.5% | 31.5% |
| Gross Margin | 29.9% | 31.3% | 28.8% | -1.4pp | 1.1pp |
| Net Margin | 2.7% | 3.8% | 1.9% | -1.2pp | 0.7pp |
| EPS (Diluted) | $1.28 | $1.86 | $0.89 | -31.2% | 43.8% |
| Free Cash Flow | $690M | $565M | $201M | 22.3% | 243.5% |
| Item | Amount |
|---|---|
| REVENUE | $10.6B |
| Cost of Revenue | $7.5B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.8B |
| Cost & Expenses | $10.2B |
| OPERATING INCOME | $426M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $370M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $283M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $283M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $283M |
| D&A | $266M |
| EBIT | $426M |
| EBITDA | $692M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.6B |
| Cost of Revenue | $7.5B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.8B |
| Cost & Expenses | $10.2B |
| OPERATING INCOME | $426M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $370M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $283M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $283M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $283M |
| D&A | $266M |
| EBIT | $426M |
| EBITDA | $692M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $283M |
| Depreciation & Amortization | $266M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $65M |
| Change in Working Capital | $363M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$314M |
| Acquisitions (Net) | $826.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$313M |
| Net Debt Issuance | -$605M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$130M |
| Other Financing Activities | -$45.0K |
| NET CASH FROM FINANCING | -$735M |
| FREE CASH FLOW | $690M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $65M |
| Inventory | $6.7B |
| Other Current Assets | $419M |
| TOTAL CURRENT ASSETS | $8.4B |
| PP&E (Net) | $17.7B |
| Goodwill | $4.3B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $55M |
| TOTAL NON-CURRENT ASSETS | $23.3B |
| TOTAL ASSETS | $31.7B |
| Account Payables | $4.3B |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.2B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $277M |
| TOTAL NON-CURRENT LIABILITIES | $16.4B |
| TOTAL LIABILITIES | $23.5B |
| Common Stock | $193M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | $4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $31.7B |
| Total Debt | $16.5B |
| Net Debt | $15.3B |
