| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.6B | $6.5B | $6.4B | 0.2% | 2.1% |
| Op. Income | $334M | $297M | $198M | 12.5% | 68.7% |
| Gross Margin | 9.1% | 8.1% | 6.7% | 0.9pp | 2.3pp |
| Net Margin | 4.0% | 3.3% | 3.1% | 0.7pp | 0.9pp |
| EPS (Diluted) | $0.67 | $0.54 | $0.45 | 24.1% | 48.9% |
| Free Cash Flow | $301M | $216M | $154M | 39.4% | 95.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.6B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $594M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $241M |
| Other Expenses | $19M |
| Operating Expenses | $260M |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $334M |
| Interest Income | $16M |
| Interest Expense | $50M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $288M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $144M |
| EBIT | $345M |
| EBITDA | $489M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.6B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $594M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $241M |
| Other Expenses | $19M |
| Operating Expenses | $260M |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $334M |
| Interest Income | $16M |
| Interest Expense | $50M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $288M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $144M |
| EBIT | $345M |
| EBITDA | $489M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $263M |
| Depreciation & Amortization | $144M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $413M |
| Capital Expenditure | -$112M |
| Acquisitions (Net) | -$346M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | -$435M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$201M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$203M |
| FREE CASH FLOW | $301M |
| Net Change in Cash | -$268M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $4.0B |
| Inventory | $5.3B |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $12.8B |
| PP&E (Net) | $2.8B |
| Goodwill | $1.3B |
| Intangible Assets | $343M |
| Long-Term Investments | $0 |
| Tax Assets | $662M |
| Other Non-Current Assets | $360M |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $18.3B |
| Account Payables | $5.0B |
| Short-Term Debt | $532M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $793M |
| TOTAL CURRENT LIABILITIES | $9.0B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $621M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $13.3B |
| Common Stock | $4.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$279M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $18.3B |
| Total Debt | $4.2B |
| Net Debt | $1.8B |
