| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.8B | $10.2B | $9.5B | -3.8% | 3.3% |
| Op. Income | $334M | $295M | $304M | 13.2% | 9.9% |
| Gross Margin | 17.6% | 17.2% | 17.6% | 0.3pp | -0.0pp |
| Net Margin | 1.9% | 1.5% | 0.7% | 0.4pp | 1.2pp |
| EPS (Diluted) | $0.82 | $0.67 | $0.28 | 22.4% | 192.9% |
| Free Cash Flow | $159M | $236M | $178M | -32.6% | -10.7% |
| Item | Amount |
|---|---|
| REVENUE | $9.8B |
| Cost of Revenue | $8.1B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $334M |
| Interest Income | $0 |
| Interest Expense | $78M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $244M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $117M |
| EBIT | $322M |
| EBITDA | $439M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.8B |
| Cost of Revenue | $8.1B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $334M |
| Interest Income | $0 |
| Interest Expense | $78M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $244M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $117M |
| EBIT | $322M |
| EBITDA | $439M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $184M |
| Depreciation & Amortization | $117M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $40M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$79M |
| OPERATING CASH FLOW | $293M |
| Capital Expenditure | -$134M |
| Acquisitions (Net) | -$44M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$178M |
| Net Debt Issuance | $241M |
| Common Stock Repurchased | -$374M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$130M |
| FREE CASH FLOW | $159M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $1.7B |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $2.7B |
| Goodwill | $5.8B |
| Intangible Assets | $781M |
| Long-Term Investments | $74M |
| Tax Assets | $0 |
| Other Non-Current Assets | $449M |
| TOTAL NON-CURRENT ASSETS | $9.8B |
| TOTAL ASSETS | $13.9B |
| Account Payables | $2.4B |
| Short-Term Debt | $305M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $191M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $426M |
| Other Non-Current Liabilities | $249M |
| TOTAL NON-CURRENT LIABILITIES | $6.0B |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $2.7B |
| Treasury Stock | -$2.2B |
| Accum. Other Comp. Income | $48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $13.9B |
| Total Debt | $5.7B |
| Net Debt | $5.7B |
