| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.0B | $2.0B | 13.2% | 11.8% |
| Op. Income | $206M | $238M | $196M | -13.4% | 5.2% |
| Gross Margin | 24.7% | 27.6% | 26.7% | -2.9pp | -1.9pp |
| Net Margin | 2.3% | 5.5% | 4.1% | -3.2pp | -1.8pp |
| EPS (Diluted) | $0.88 | $1.79 | $1.28 | -50.8% | -31.3% |
| Free Cash Flow | $152M | $95M | $96M | 59.7% | 57.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $556M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $350M |
| Other Expenses | $0 |
| Operating Expenses | $350M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $206M |
| Interest Income | $0 |
| Interest Expense | $102M |
| Other Income/Expenses | -$133M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $146M |
| EBIT | $175M |
| EBITDA | $321M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $556M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $350M |
| Other Expenses | $0 |
| Operating Expenses | $350M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $206M |
| Interest Income | $0 |
| Interest Expense | $102M |
| Other Income/Expenses | -$133M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $146M |
| EBIT | $175M |
| EBITDA | $321M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $146M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $50M |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | $301M |
| Capital Expenditure | -$150M |
| Acquisitions (Net) | -$796M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$400.0K |
| NET CASH FROM INVESTING | -$946M |
| Net Debt Issuance | $40M |
| Common Stock Repurchased | -$275M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$236M |
| FREE CASH FLOW | $152M |
| Net Change in Cash | -$881M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $177M |
| Short-Term Investments | $0 |
| Net Receivables | $735M |
| Inventory | $875M |
| Other Current Assets | $238M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $2.7B |
| Goodwill | $4.8B |
| Intangible Assets | $3.0B |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $940M |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $13.5B |
| Account Payables | $624M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $438M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $639M |
| Other Non-Current Liabilities | $258M |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $11M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $7.7B |
| Net Debt | $7.5B |
