| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.7B | $2.6B | 0.0% | 3.5% |
| Op. Income | $212M | $260M | $224M | -18.6% | -5.3% |
| Gross Margin | 15.8% | 17.5% | 17.2% | -1.7pp | -1.4pp |
| Net Margin | 5.0% | 7.3% | 5.9% | -2.3pp | -0.9pp |
| EPS (Diluted) | $2.10 | $3.04 | $2.33 | -30.9% | -9.9% |
| Free Cash Flow | $526M | $464M | $703M | 13.3% | -25.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $424M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $198M |
| Other Expenses | $14M |
| Operating Expenses | $212M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $212M |
| Interest Income | $2M |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $134M |
| D&A | $58M |
| EBIT | $215M |
| EBITDA | $273M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $424M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $198M |
| Other Expenses | $14M |
| Operating Expenses | $212M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $212M |
| Interest Income | $2M |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $134M |
| D&A | $58M |
| EBIT | $215M |
| EBITDA | $273M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $134M |
| Depreciation & Amortization | $87M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | $414M |
| OPERATING CASH FLOW | $600M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$69M |
| Net Debt Issuance | -$107M |
| Common Stock Repurchased | -$119M |
| Common Dividends Paid | -$32M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$264M |
| FREE CASH FLOW | $526M |
| Net Change in Cash | $268M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $480M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $2.4B |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $1.5B |
| Goodwill | $1.4B |
| Intangible Assets | $735M |
| Long-Term Investments | $62M |
| Tax Assets | $201M |
| Other Non-Current Assets | $920M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $1.1B |
| Short-Term Debt | $60M |
| Deferred Revenue | $872M |
| Other Current Liabilities | $299M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $1.3B |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $59M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $866M |
| Retained Earnings | $4.9B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $1.5B |
| Net Debt | $1.1B |
