| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.2B | $3.0B | 8.9% | 15.7% |
| Op. Income | $157M | $161M | $110M | -2.5% | 42.7% |
| Gross Margin | 11.6% | 12.3% | 10.7% | -0.8pp | 0.9pp |
| Net Margin | 4.6% | 4.5% | 4.1% | 0.0pp | 0.5pp |
| EPS (Diluted) | $4.04 | $3.68 | $3.15 | 9.8% | 28.3% |
| Free Cash Flow | $516M | $281M | $277M | 83.6% | 86.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $402M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $245M |
| SG&A Expenses | $245M |
| Other Expenses | $0 |
| Operating Expenses | $245M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $87M |
| EBIT | $224M |
| EBITDA | $311M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $402M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $245M |
| SG&A Expenses | $245M |
| Other Expenses | $0 |
| Operating Expenses | $245M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $87M |
| EBIT | $224M |
| EBITDA | $311M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $159M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $82M |
| Other Non-Cash Items | $77M |
| Change in Working Capital | $332M |
| OPERATING CASH FLOW | $650M |
| Capital Expenditure | -$134M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$134M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$54M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $516M |
| Net Change in Cash | $462M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $774M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $219M |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $4.0B |
| Goodwill | $2.6B |
| Intangible Assets | $694M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $12.7B |
| Account Payables | $556M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $572M |
| Other Non-Current Liabilities | $913M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $7.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $5.5B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $12.7B |
| Total Debt | $3.1B |
| Net Debt | $2.4B |
