| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | — | $2.6B | — | 7.1% |
| Op. Income | $391M | — | $361M | — | 8.3% |
| Gross Margin | 32.6% | — | 32.7% | — | -0.2pp |
| Net Margin | 8.7% | — | 8.5% | — | 0.3pp |
| EPS (Diluted) | $2.18 | — | $1.95 | — | 11.8% |
| Free Cash Flow | $307M | — | $341M | — | -10.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $914M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $486M |
| Other Expenses | $37M |
| Operating Expenses | $523M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $391M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $337M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $245M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $245M |
| D&A | $0 |
| EBIT | $401M |
| EBITDA | $401M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $914M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $486M |
| Other Expenses | $37M |
| Operating Expenses | $523M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $391M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $337M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $245M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $245M |
| D&A | $0 |
| EBIT | $401M |
| EBITDA | $401M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $245M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $169M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | $465M |
| Capital Expenditure | -$158M |
| Acquisitions (Net) | -$50M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $17M |
| NET CASH FROM INVESTING | -$191M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$90M |
| Other Financing Activities | $86M |
| NET CASH FROM FINANCING | -$287M |
| FREE CASH FLOW | $307M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $420M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $189M |
| Other Current Assets | $361M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $2.9B |
| Goodwill | $8.9B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $136M |
| Tax Assets | $0 |
| Other Non-Current Assets | $270M |
| TOTAL NON-CURRENT ASSETS | $13.8B |
| TOTAL ASSETS | $16.2B |
| Account Payables | $1.6B |
| Short-Term Debt | $678M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $420M |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $8.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $10.0B |
| Treasury Stock | -$5.2B |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $116M |
| TOTAL EQUITY | $7.3B |
| TOTAL LIABILITIES & EQUITY | $16.2B |
| Total Debt | $6.9B |
| Net Debt | $6.5B |
