| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.4B | $6.9B | $6.9B | 7.1% | 7.4% |
| Op. Income | $391M | $35M | $278M | 1017.1% | 40.6% |
| Gross Margin | 20.3% | 16.7% | 17.7% | 3.6pp | 2.6pp |
| Net Margin | 4.3% | 0.8% | 3.8% | 3.6pp | 0.6pp |
| EPS (Diluted) | $0.61 | $0.10 | $0.42 | 510.0% | 45.2% |
| Free Cash Flow | -$564M | -$391M | $16M | -44.2% | -3625.0% |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $7.1B |
| OPERATING INCOME | $391M |
| Interest Income | $33M |
| Interest Expense | $31M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $407M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $323M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $323M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $323M |
| D&A | $371M |
| EBIT | $438M |
| EBITDA | $809M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $7.1B |
| OPERATING INCOME | $391M |
| Interest Income | $33M |
| Interest Expense | $31M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $407M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $323M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $323M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $323M |
| D&A | $371M |
| EBIT | $438M |
| EBITDA | $809M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $323M |
| Depreciation & Amortization | $371M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $85M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$476M |
| OPERATING CASH FLOW | $295M |
| Capital Expenditure | -$859M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$742M |
| Net Debt Issuance | $828M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $776M |
| FREE CASH FLOW | -$564M |
| Net Change in Cash | $329M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $775M |
| Other Current Assets | $490M |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $21.3B |
| Goodwill | $970M |
| Intangible Assets | $296M |
| Long-Term Investments | $457M |
| Tax Assets | $0 |
| Other Non-Current Assets | $359M |
| TOTAL NON-CURRENT ASSETS | $23.4B |
| TOTAL ASSETS | $29.1B |
| Account Payables | $389M |
| Short-Term Debt | $324M |
| Deferred Revenue | $5.9B |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $10.9B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $1.6B |
| Deferred Tax Liabilities | $2.3B |
| Other Non-Current Liabilities | $877M |
| TOTAL NON-CURRENT LIABILITIES | $10.2B |
| TOTAL LIABILITIES | $21.1B |
| Common Stock | $888M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $16.4B |
| Treasury Stock | -$13.6B |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.0B |
| TOTAL LIABILITIES & EQUITY | $29.1B |
| Total Debt | $6.0B |
| Net Debt | $2.8B |
