| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.7B | $3.1B | -4.2% | 11.9% |
| Op. Income | $176M | $260M | $153M | -32.2% | 15.5% |
| Gross Margin | 25.3% | 28.3% | 26.1% | -2.9pp | -0.8pp |
| Net Margin | 3.3% | 5.2% | 3.4% | -1.9pp | -0.0pp |
| EPS (Diluted) | $2.22 | $3.59 | $1.93 | -38.2% | 15.0% |
| Free Cash Flow | $203M | $181M | $362M | 12.3% | -44.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $885M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $709M |
| Other Expenses | $0 |
| Operating Expenses | $709M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $155M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $69M |
| EBIT | $170M |
| EBITDA | $240M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $885M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $709M |
| Other Expenses | $0 |
| Operating Expenses | $709M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $155M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $69M |
| EBIT | $170M |
| EBITDA | $240M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $117M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $276M |
| Capital Expenditure | -$73M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | $39M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$64M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$233M |
| FREE CASH FLOW | $203M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $2.2B |
| Other Current Assets | $197M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $2.9B |
| Goodwill | $2.2B |
| Intangible Assets | $960M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $154M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $10.4B |
| Account Payables | $375M |
| Short-Term Debt | $68M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $405M |
| TOTAL CURRENT LIABILITIES | $848M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $576M |
| Other Non-Current Liabilities | -$152M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$88M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $9M |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $10.4B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
