| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.7B | $10.4B | $10.7B | 12.4% | 9.6% |
| Op. Income | $1.0B | $1.2B | $1.1B | -16.3% | -4.5% |
| Gross Margin | 19.6% | 21.4% | 18.1% | -1.8pp | 1.5pp |
| Net Margin | 12.2% | 10.6% | 11.8% | 1.6pp | 0.4pp |
| EPS (Diluted) | $9.99 | $7.67 | $8.66 | 30.2% | 15.4% |
| Free Cash Flow | $3.2B | $1.3B | $1.8B | 157.6% | 83.6% |
| Item | Amount |
|---|---|
| REVENUE | $11.7B |
| Cost of Revenue | $9.4B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.0B |
| SG&A Expenses | $1.0B |
| Other Expenses | $231M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $1.0B |
| Interest Income | $0 |
| Interest Expense | $175M |
| Other Income/Expenses | $700M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $313M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $406M |
| EBIT | $1.9B |
| EBITDA | $2.3B |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| REVENUE | $11.7B |
| Cost of Revenue | $9.4B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.0B |
| SG&A Expenses | $1.0B |
| Other Expenses | $231M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $1.0B |
| Interest Income | $0 |
| Interest Expense | $175M |
| Other Income/Expenses | $700M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $313M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $406M |
| EBIT | $1.9B |
| EBITDA | $2.3B |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $406M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | $204M |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | $674M |
| OPERATING CASH FLOW | $3.9B |
| Capital Expenditure | -$662M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$664M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$456M |
| Common Dividends Paid | -$329M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$787M |
| FREE CASH FLOW | $3.2B |
| Net Change in Cash | $2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.4B |
| Short-Term Investments | $0 |
| Net Receivables | $8.8B |
| Inventory | $1.3B |
| Other Current Assets | $543M |
| TOTAL CURRENT ASSETS | $15.1B |
| PP&E (Net) | $12.8B |
| Goodwill | $17.4B |
| Intangible Assets | $208M |
| Long-Term Investments | $483M |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $4.3B |
| TOTAL NON-CURRENT ASSETS | $36.3B |
| TOTAL ASSETS | $51.4B |
| Account Payables | $3.2B |
| Short-Term Debt | $865M |
| Deferred Revenue | $4.1B |
| Other Current Liabilities | $3.4B |
| TOTAL CURRENT LIABILITIES | $13.9B |
| Long-Term Debt | $17.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $20.8B |
| TOTAL LIABILITIES | $34.7B |
| Common Stock | $142M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $16.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$126M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.7B |
| TOTAL LIABILITIES & EQUITY | $51.4B |
| Total Debt | $19.7B |
| Net Debt | $15.3B |
