| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.3B | $7.8B | $7.0B | 5.4% | 18.5% |
| Op. Income | $337M | $403M | $318M | -16.4% | 6.0% |
| Gross Margin | 9.5% | 8.7% | 9.5% | 0.8pp | -0.0pp |
| Net Margin | 2.6% | 2.8% | 2.0% | -0.2pp | 0.7pp |
| EPS (Diluted) | $1.99 | $2.03 | $1.18 | -2.0% | 68.6% |
| Free Cash Flow | $419M | $320M | $411M | 30.9% | 1.9% |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $7.5B |
| GROSS PROFIT | $783M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $287M |
| Other Expenses | $155M |
| Operating Expenses | $446M |
| Cost & Expenses | $7.9B |
| OPERATING INCOME | $337M |
| Interest Income | $0 |
| Interest Expense | $94M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $218M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $218M |
| D&A | $52M |
| EBIT | $373M |
| EBITDA | $425M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $7.5B |
| GROSS PROFIT | $783M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $287M |
| Other Expenses | $155M |
| Operating Expenses | $446M |
| Cost & Expenses | $7.9B |
| OPERATING INCOME | $337M |
| Interest Income | $0 |
| Interest Expense | $94M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $218M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $218M |
| D&A | $52M |
| EBIT | $373M |
| EBITDA | $425M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $218M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$124M |
| Other Non-Cash Items | $291M |
| Change in Working Capital | $151M |
| OPERATING CASH FLOW | $588M |
| Capital Expenditure | -$169M |
| Acquisitions (Net) | $40M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$136M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | $419M |
| Net Change in Cash | $410M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $5.1B |
| Inventory | $4.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.7B |
| PP&E (Net) | $3.3B |
| Goodwill | $841M |
| Intangible Assets | $273M |
| Long-Term Investments | $0 |
| Tax Assets | $141M |
| Other Non-Current Assets | $259M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $18.5B |
| Account Payables | $7.9B |
| Short-Term Debt | $499M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $756M |
| TOTAL CURRENT LIABILITIES | $13.7B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $80M |
| Other Non-Current Liabilities | $458M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $17.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $6.4B |
| Treasury Stock | -$7.9B |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $4M |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $18.5B |
| Total Debt | $3.4B |
| Net Debt | $1.4B |
