| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.1B | $1.9B | -4.7% | 4.6% |
| Op. Income | $162M | $207M | $149M | -21.7% | 8.7% |
| Gross Margin | 11.6% | 12.8% | 9.7% | -1.3pp | 1.9pp |
| Net Margin | 2.9% | 3.9% | 3.9% | -1.0pp | -1.0pp |
| EPS (Diluted) | $0.50 | $0.68 | $0.63 | -26.5% | -20.6% |
| Free Cash Flow | $119M | $215M | $23M | -44.7% | 417.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $22M |
| Operating Expenses | $71M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $162M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $133M |
| EBIT | $132M |
| EBITDA | $265M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $22M |
| Operating Expenses | $71M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $162M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $133M |
| EBIT | $132M |
| EBITDA | $265M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $134M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $27M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $225M |
| Capital Expenditure | -$106M |
| Acquisitions (Net) | $23M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | -$83M |
| Common Stock Repurchased | -$68M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$154M |
| FREE CASH FLOW | $119M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $310M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $285M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $4.4B |
| Goodwill | $1.5B |
| Intangible Assets | $311M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $265M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $455M |
| Short-Term Debt | $226M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $415M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $482M |
| Other Non-Current Liabilities | -$180M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $6.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $888M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$187M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $4.7B |
| Net Debt | $4.4B |
