| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.7B | $1.8B | 7.3% | 2.9% |
| Op. Income | $332M | $289M | $306M | 15.1% | 8.5% |
| Gross Margin | 38.9% | 37.4% | 40.2% | 1.5pp | -1.2pp |
| Net Margin | 12.2% | 13.1% | 12.0% | -0.8pp | 0.3pp |
| EPS (Diluted) | $0.84 | $0.84 | $0.80 | 0.0% | 5.0% |
| Free Cash Flow | $458M | $344M | $648M | 33.1% | -29.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $720M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $405M |
| Other Expenses | -$17M |
| Operating Expenses | $388M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $332M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $292M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $227M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $227M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $227M |
| D&A | $59M |
| EBIT | $321M |
| EBITDA | $380M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $720M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $405M |
| Other Expenses | -$17M |
| Operating Expenses | $388M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $332M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $292M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $227M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $227M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $227M |
| D&A | $59M |
| EBIT | $321M |
| EBITDA | $380M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $227M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $100.0K |
| Change in Working Capital | $238M |
| OPERATING CASH FLOW | $542M |
| Capital Expenditure | -$84M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$83M |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | $100.0K |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$121M |
| Other Financing Activities | -$369M |
| NET CASH FROM FINANCING | -$463M |
| FREE CASH FLOW | $458M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $0 |
| Net Receivables | $629M |
| Inventory | $1.3B |
| Other Current Assets | $141M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $5.3B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $13.2B |
| Account Payables | $1.3B |
| Short-Term Debt | $891M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $912M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $836M |
| Other Non-Current Liabilities | $429M |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $582M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$363M |
| Other Equity | $1.7B |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $32M |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $4.0B |
| Net Debt | $3.9B |
