| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $4.2B | $3.9B | 49.4% | 59.9% |
| Op. Income | $215M | $262M | $387M | -18.1% | -44.5% |
| Gross Margin | 28.4% | 33.1% | 35.0% | -4.7pp | -6.5pp |
| Net Margin | 2.1% | 1.8% | 7.7% | 0.3pp | -5.6pp |
| EPS (Diluted) | $1.41 | $0.86 | $3.62 | 64.0% | -61.0% |
| Free Cash Flow | $788M | -$464M | $395M | 269.8% | 99.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $215M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $0 |
| EBIT | $215M |
| EBITDA | $215M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $215M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $0 |
| EBIT | $215M |
| EBITDA | $215M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $128M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $198M |
| Change in Working Capital | $813M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$344M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | -$393M |
| Net Debt Issuance | -$55M |
| Common Stock Repurchased | -$43M |
| Common Dividends Paid | -$108M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$210M |
| FREE CASH FLOW | $788M |
| Net Change in Cash | $532M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $544M |
| Inventory | $4.9B |
| Other Current Assets | $299M |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $8.1B |
| Goodwill | $864M |
| Intangible Assets | $769M |
| Long-Term Investments | $0 |
| Tax Assets | $83M |
| Other Non-Current Assets | $484M |
| TOTAL NON-CURRENT ASSETS | $10.3B |
| TOTAL ASSETS | $17.4B |
| Account Payables | $2.0B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $204M |
| Other Non-Current Liabilities | $282M |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $11.9B |
| Common Stock | $889.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | $6.8B |
| Treasury Stock | -$5.0B |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $17.4B |
| Total Debt | $7.7B |
| Net Debt | $6.4B |
