| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $3.5B | $3.5B | 15.1% | 15.5% |
| Op. Income | $368M | $176M | $274M | 108.8% | 34.1% |
| Gross Margin | 27.4% | 25.3% | 27.7% | 2.1pp | -0.3pp |
| Net Margin | 6.6% | 3.3% | 5.7% | 3.3pp | 0.9pp |
| EPS (Diluted) | $5.10 | $2.22 | $3.74 | 129.7% | 36.4% |
| Free Cash Flow | $87M | $203M | -$22M | -57.0% | 489.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $735M |
| Other Expenses | $0 |
| Operating Expenses | $735M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $368M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $350M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $69M |
| EBIT | $368M |
| EBITDA | $437M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $735M |
| Other Expenses | $0 |
| Operating Expenses | $735M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $368M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $350M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $69M |
| EBIT | $368M |
| EBITDA | $437M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $266M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$204M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$64M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | $272M |
| Common Stock Repurchased | -$234M |
| Common Dividends Paid | -$67M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $250M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $2.2B |
| Other Current Assets | $135M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $3.0B |
| Goodwill | $2.2B |
| Intangible Assets | $953M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $145M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $10.8B |
| Account Payables | $552M |
| Short-Term Debt | $69M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $422M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $575M |
| Other Non-Current Liabilities | $100M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$96M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.1B |
| Minority Interest | $9M |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $10.8B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
