| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $3.1B | 1.4% | -1.6% |
| Op. Income | $246M | $243M | $207M | 1.6% | 19.0% |
| Gross Margin | 11.0% | 11.2% | 16.9% | -0.2pp | -5.9pp |
| Net Margin | 5.8% | 5.6% | 4.9% | 0.3pp | 0.9pp |
| EPS (Diluted) | $1.90 | $1.76 | $1.53 | 8.0% | 24.2% |
| Free Cash Flow | $251M | $352M | $93M | -28.7% | 169.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $29M |
| Operating Expenses | $94M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $246M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $179M |
| EBIT | $246M |
| EBITDA | $426M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $29M |
| Operating Expenses | $94M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $246M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $179M |
| EBIT | $246M |
| EBITDA | $426M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $179M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $386M |
| Capital Expenditure | -$134M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $50M |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | -$136M |
| Common Stock Repurchased | -$159M |
| Common Dividends Paid | -$42M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$337M |
| FREE CASH FLOW | $251M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $42M |
| Other Current Assets | $185M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $5.8B |
| Goodwill | $134M |
| Intangible Assets | $76M |
| Long-Term Investments | $36M |
| Tax Assets | $214M |
| Other Non-Current Assets | $289M |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $656M |
| Short-Term Debt | $785M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $384M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $935M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $348M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $627M |
| Retained Earnings | $7.8B |
| Treasury Stock | -$4.9B |
| 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 | $1.9B |
| Net Debt | $1.9B |
