| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.3B | $15.6B | $13.9B | -2.1% | 10.5% |
| Op. Income | $174M | $159M | $155M | 9.8% | 12.6% |
| Gross Margin | 11.9% | 11.7% | 11.3% | 0.2pp | 0.6pp |
| Net Margin | 0.4% | 0.3% | 0.5% | 0.1pp | -0.1pp |
| EPS (Diluted) | $0.37 | $0.27 | $0.45 | 37.0% | -17.8% |
| Free Cash Flow | $319M | $218M | $305M | 46.4% | 4.6% |
| Item | Amount |
|---|---|
| REVENUE | $15.3B |
| Cost of Revenue | $13.5B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.6B |
| Operating Expenses | $1.6B |
| Cost & Expenses | $15.1B |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $97M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $187M |
| EBIT | $175M |
| EBITDA | $362M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $15.3B |
| Cost of Revenue | $13.5B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.6B |
| Operating Expenses | $1.6B |
| Cost & Expenses | $15.1B |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $97M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $187M |
| EBIT | $175M |
| EBITDA | $362M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $187M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $158M |
| OPERATING CASH FLOW | $448M |
| Capital Expenditure | -$129M |
| Acquisitions (Net) | -$17M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$138M |
| Net Debt Issuance | -$321M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $22M |
| NET CASH FROM FINANCING | -$310M |
| FREE CASH FLOW | $319M |
| Net Change in Cash | -$400.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $3.7B |
| Other Current Assets | $243M |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $5.0B |
| Goodwill | $3.5B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $171M |
| TOTAL NON-CURRENT ASSETS | $10.3B |
| TOTAL ASSETS | $17.1B |
| Account Payables | $3.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $883M |
| Other Non-Current Liabilities | $314M |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $17.1B |
| Total Debt | $7.7B |
| Net Debt | $7.7B |
