| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.7B | $2.7B | -1.6% | -1.9% |
| Op. Income | $260M | $292M | $266M | -10.7% | -2.2% |
| Gross Margin | 17.5% | 19.2% | 18.5% | -1.7pp | -1.0pp |
| Net Margin | 7.3% | 7.5% | 6.6% | -0.2pp | 0.7pp |
| EPS (Diluted) | $3.04 | $3.16 | $2.75 | -3.8% | 10.5% |
| Free Cash Flow | $464M | $49M | $272M | 855.3% | 70.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $471M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $196M |
| Other Expenses | $14M |
| Operating Expenses | $210M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $260M |
| Interest Income | $3M |
| Interest Expense | $31M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $238M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$500.0K |
| NET INCOME | $196M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $196M |
| D&A | $56M |
| EBIT | $269M |
| EBITDA | $325M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $471M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $196M |
| Other Expenses | $14M |
| Operating Expenses | $210M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $260M |
| Interest Income | $3M |
| Interest Expense | $31M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $238M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$500.0K |
| NET INCOME | $196M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $196M |
| D&A | $56M |
| EBIT | $269M |
| EBITDA | $325M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $196M |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $83M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $145M |
| OPERATING CASH FLOW | $489M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$292M |
| Common Stock Repurchased | -$91M |
| Common Dividends Paid | -$33M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$431M |
| FREE CASH FLOW | $464M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $212M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $2.5B |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.4B |
| Intangible Assets | $743M |
| Long-Term Investments | $0 |
| Tax Assets | $200M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $962M |
| Short-Term Debt | $107M |
| Deferred Revenue | $673M |
| Other Current Liabilities | $451M |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $525M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $860M |
| Retained Earnings | $4.8B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $1.2B |
| Net Debt | $995M |
