| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | — | $3.3B | — | 5.6% |
| Op. Income | $382M | — | $217M | — | 76.4% |
| Gross Margin | 26.2% | — | 26.9% | — | -0.7pp |
| Net Margin | 4.7% | — | 4.3% | — | 0.4pp |
| EPS (Diluted) | $1.98 | — | $1.70 | — | 16.5% |
| Free Cash Flow | $490M | — | $665M | — | -26.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $921M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $539M |
| Other Expenses | $0 |
| Operating Expenses | $539M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $382M |
| Interest Income | $4M |
| Interest Expense | $55M |
| Other Income/Expenses | -$191M |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $173M |
| EBIT | $246M |
| EBITDA | $419M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $921M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $539M |
| Other Expenses | $0 |
| Operating Expenses | $539M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $382M |
| Interest Income | $4M |
| Interest Expense | $55M |
| Other Income/Expenses | -$191M |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $173M |
| EBIT | $246M |
| EBITDA | $419M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $165M |
| Depreciation & Amortization | $173M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | $183M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $614M |
| Capital Expenditure | -$124M |
| Acquisitions (Net) | -$258M |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$390M |
| Net Debt Issuance | $225M |
| Common Stock Repurchased | -$225M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | -$231M |
| NET CASH FROM FINANCING | -$290M |
| FREE CASH FLOW | $490M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $532M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $535M |
| Other Current Assets | $693M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $3.1B |
| Goodwill | $6.8B |
| Intangible Assets | $3.6B |
| Long-Term Investments | $154M |
| Tax Assets | $0 |
| Other Non-Current Assets | $751M |
| TOTAL NON-CURRENT ASSETS | $14.4B |
| TOTAL ASSETS | $18.4B |
| Account Payables | $841M |
| Short-Term Debt | $696M |
| Deferred Revenue | $439M |
| Other Current Liabilities | $848M |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $455M |
| Other Non-Current Liabilities | -$35M |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $8M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.6B |
| Minority Interest | $17M |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $18.4B |
| Total Debt | $7.2B |
| Net Debt | $6.7B |
