| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $2.9B | $3.1B | 4.3% | -0.5% |
| Op. Income | $243M | $197M | $224M | 23.0% | 8.3% |
| Gross Margin | 11.2% | 17.5% | 17.3% | -6.4pp | -6.2pp |
| Net Margin | 5.6% | 4.4% | 5.0% | 1.2pp | 0.6pp |
| EPS (Diluted) | $1.76 | $1.31 | $1.49 | 34.4% | 18.1% |
| Free Cash Flow | $352M | $186M | $163M | 89.9% | 116.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $123M |
| SG&A Expenses | $123M |
| Other Expenses | -$25M |
| Operating Expenses | $98M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $243M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $179M |
| EBIT | $243M |
| EBITDA | $422M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $123M |
| SG&A Expenses | $123M |
| Other Expenses | -$25M |
| Operating Expenses | $98M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $243M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $179M |
| EBIT | $243M |
| EBITDA | $422M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $171M |
| Depreciation & Amortization | $179M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $73M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $486M |
| Capital Expenditure | -$134M |
| Acquisitions (Net) | $42M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | -$118M |
| Common Stock Repurchased | -$232M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$393M |
| FREE CASH FLOW | $352M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $393M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $5.6B |
| Goodwill | $0 |
| Intangible Assets | $122M |
| Long-Term Investments | $487M |
| Tax Assets | $0 |
| Other Non-Current Assets | $182M |
| TOTAL NON-CURRENT ASSETS | $6.4B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $665M |
| Short-Term Debt | $700M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $427M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $902M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $938M |
| Other Non-Current Liabilities | $762M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $618M |
| Retained Earnings | $6.0B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
