| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.8B | $7.1B | — | 9.4% | — |
| Op. Income | $425M | $574M | — | -26.0% | — |
| Gross Margin | 24.6% | 23.9% | — | 0.7pp | — |
| Net Margin | 2.3% | 4.5% | — | -2.2pp | — |
| EPS (Diluted) | $0.22 | $0.41 | — | -46.3% | — |
| Free Cash Flow | $571M | $535M | — | 6.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $224M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $425M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$219M |
| INCOME BEFORE TAX | $206M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $176M |
| EBIT | $425M |
| EBITDA | $601M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $224M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $425M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$219M |
| INCOME BEFORE TAX | $206M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $176M |
| EBIT | $425M |
| EBITDA | $601M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $180M |
| Depreciation & Amortization | -$91M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $422M |
| Change in Working Capital | -$282M |
| OPERATING CASH FLOW | $229M |
| Capital Expenditure | $342M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$474M |
| NET CASH FROM INVESTING | -$138M |
| Net Debt Issuance | -$4.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$96M |
| NET CASH FROM FINANCING | $897M |
| FREE CASH FLOW | $571M |
| Net Change in Cash | -$955M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $3.5B |
| Inventory | $4.8B |
| Other Current Assets | $438M |
| TOTAL CURRENT ASSETS | $10.7B |
| PP&E (Net) | $4.8B |
| Goodwill | $8.1B |
| Intangible Assets | $13.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $27.8B |
| TOTAL ASSETS | $38.5B |
| Account Payables | $961M |
| Short-Term Debt | $77M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $12.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $16.7B |
| TOTAL LIABILITIES | $19.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $10.7B |
| Retained Earnings | -$7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.7B |
| Minority Interest | $8.5B |
| TOTAL EQUITY | $19.3B |
| TOTAL LIABILITIES & EQUITY | $38.5B |
| Total Debt | $12.6B |
| Net Debt | $10.6B |
