| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $6.4B | $5.3B | -12.0% | 5.6% |
| Op. Income | $779M | $1.2B | $674M | -33.6% | 15.6% |
| Gross Margin | 48.8% | 49.2% | 48.6% | -0.3pp | 0.3pp |
| Net Margin | 8.5% | 13.1% | 9.1% | -4.6pp | -0.5pp |
| EPS (Diluted) | $1.92 | $3.35 | $1.90 | -42.7% | 1.1% |
| Free Cash Flow | $862M | $1.1B | $635M | -22.4% | 35.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.9B |
| SG&A Expenses | $1.9B |
| Other Expenses | $18M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $779M |
| Interest Income | $3M |
| Interest Expense | $132M |
| Other Income/Expenses | -$140M |
| INCOME BEFORE TAX | $639M |
| Income Tax Expense | $162M |
| Net Income from Continuing Ops | $477M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $477M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $477M |
| D&A | $98M |
| EBIT | $771M |
| EBITDA | $869M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.9B |
| SG&A Expenses | $1.9B |
| Other Expenses | $18M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $779M |
| Interest Income | $3M |
| Interest Expense | $132M |
| Other Income/Expenses | -$140M |
| INCOME BEFORE TAX | $639M |
| Income Tax Expense | $162M |
| Net Income from Continuing Ops | $477M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $477M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $477M |
| D&A | $98M |
| EBIT | $771M |
| EBITDA | $869M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $477M |
| Depreciation & Amortization | $186M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $98M |
| Other Non-Cash Items | $308M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$230M |
| Acquisitions (Net) | -$1.1B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.1B |
| NET CASH FROM INVESTING | -$172M |
| Net Debt Issuance | -$606M |
| Common Stock Repurchased | -$118M |
| Common Dividends Paid | -$196M |
| Other Financing Activities | -$45M |
| NET CASH FROM FINANCING | -$942M |
| FREE CASH FLOW | $862M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $207M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $2.3B |
| Other Current Assets | $691M |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $4.1B |
| Goodwill | $8.0B |
| Intangible Assets | $4.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $18.1B |
| TOTAL ASSETS | $25.9B |
| Account Payables | $2.4B |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.7B |
| TOTAL CURRENT LIABILITIES | $6.9B |
| Long-Term Debt | $10.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $765M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $14.4B |
| TOTAL LIABILITIES | $21.3B |
| Common Stock | $83M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$84M |
| Accum. Other Comp. Income | -$634M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $25.9B |
| Total Debt | $14.5B |
| Net Debt | $14.3B |
