| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.8B | $3.9B | -8.6% | 14.0% |
| Op. Income | $310M | $508M | $238M | -38.9% | 30.6% |
| Gross Margin | 11.8% | 15.7% | 11.4% | -3.9pp | 0.4pp |
| Net Margin | 6.0% | 8.4% | 5.4% | -2.3pp | 0.7pp |
| EPS (Diluted) | $1.82 | $2.74 | $1.36 | -33.6% | 33.8% |
| Free Cash Flow | $84M | $557M | -$106M | -84.9% | 179.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $522M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $212M |
| Other Expenses | $0 |
| Operating Expenses | $212M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $310M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $375.0K |
| INCOME BEFORE TAX | $311M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $146M |
| EBIT | $338M |
| EBITDA | $484M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $522M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $212M |
| Other Expenses | $0 |
| Operating Expenses | $212M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $310M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $375.0K |
| INCOME BEFORE TAX | $311M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $146M |
| EBIT | $338M |
| EBITDA | $484M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $266M |
| Depreciation & Amortization | $146M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$109M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $273M |
| Capital Expenditure | -$188M |
| Acquisitions (Net) | -$176M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$370M |
| Net Debt Issuance | $431M |
| Common Stock Repurchased | -$240M |
| Common Dividends Paid | -$73M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | $97M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | -$478.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $770M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $3.7B |
| Other Current Assets | $293M |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $8.6B |
| Goodwill | $477M |
| Intangible Assets | $331M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $550M |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $16.4B |
| Account Payables | $1.2B |
| Short-Term Debt | $35M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $789M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $997M |
| Other Non-Current Liabilities | $186M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $653.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $15.7B |
| Treasury Stock | -$8.0B |
| Accum. Other Comp. Income | -$598.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.0B |
| Minority Interest | -$27M |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $16.4B |
| Total Debt | $4.2B |
| Net Debt | $3.4B |
