AD Array Digital Infrastructure, Inc. Common Shares
$35.32
Price · Aug 19, 2026
Fundamentals as of Mar 30, 2026
52W Range
$34–$61
6% of range
Analyst Rating
BUY
13 analysts
Price Target
$46
+31% upside
P/E (TTM)
95.8
ROE
—
Net Profit Margin
—
AD Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$35.32
Market Cap
—
P/E (TTM)
95.8
EPS (TTM)
$0.56
Revenue (TTM)
$163M
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$34 – $61
AD Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$163M
2020-12-31
→
2025-12-31
EPS
$0.56
2020-12-31
→
2025-12-31
Free Cash Flow
—
2020-12-31
→
2023-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
AD
Peer Median
P/E (TTM)
95.8
19.3
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
AD
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
AD
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
AD
Peer Median
Revenue YoY
58.3%
—
Revenue CAGR 3Y
-66.1%
—
Revenue CAGR 5Y
-47.4%
—
EPS YoY
80.0%
—
Net Income YoY
81.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
AD
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 11, 2026 | $11.0000 |
| Jan. 23, 2026 | $10.2500 |
| Aug. 20, 2025 | $23.0000 |
| June 7, 2013 | $5.7500 |
AD Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 4 30.8%
- Buy 6 46.2%
- Hold 3 23.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
3 analysts · 2026-08-18
Median
$45.00
Mean
$46.33
← Below all targets
$35.32
Low
$40.00
High
$54.00
Median target
$45.00
+27.4%
Mean target
$46.33
+31.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.53%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $4.15 | $0.64 | 3.5% |
| March 31, 2026 | $1.67 | $0.88 | 0.79% |
| Dec. 31, 2025 | $0.43 | $0.45 | -0.01% |
| Sept. 30, 2025 | $-0.79 | $0.26 | -1.0% |
| June 30, 2025 | $0.36 | $0.30 | 0.06% |
| March 31, 2025 | $0.21 | $0.35 | -0.14% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AD | — | 95.8 | 58.3% | — | — | — |
| TMUS | — | — | — | — | — | — |
| TDS | $4.67B | -63.1 | -5.3% | -0.51% | -0.13% | — |
| GOGO | $627M | 51.8 | 104.7% | 1.4% | 12.7% | — |
| SPOK | $272M | 17.6 | 1.5% | 11.4% | 10.7% | — |
| SURG | $35M | -0.9 | -6.4% | -63.3% | 227162.6% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $163M | $103M | $100M | $4.17B | $4.12B | $4.04B | $4.02B | $3.97B | $3.89B | $3.99B | $4.03B | $3.89B | |
| Cost of Revenue | $79M | $73M | $68M | · | · | · | · | · | $1.07B | $1.08B | $1.05B | $1.19B | |
| SG&A Expense | $84M | $103M | $101M | $1.41B | $1.34B | $1.37B | $1.41B | $1.39B | $1.41B | $1.48B | $1.49B | $1.59B | |
| Operating Expenses | $255M | $363M | $213M | $4.10B | $3.95B | $3.86B | $3.91B | $3.81B | $4.19B | $3.94B | $3.68B | $4.04B | |
| Operating Income | $-93M | $-260M | $-112M | $69M | $170M | $173M | $112M | $158M | $-304M | $48M | $347M | $-143M | |
| Interest Expense | $28M | $12M | $15M | $163M | $175M | $112M | $110M | $116M | $113M | $113M | $86M | $57M | |
| Other Non-op | $169.0K | $0 | $-7.0K | $3M | $10M | $77M | $73M | $-1M | $0 | $1M | $1M | $-1M | |
| Pretax Income | $141M | $-100M | $41M | $72M | $180M | $250M | $185M | $215M | $-272M | $82M | $404M | $-59M | |
| Income Tax | $-31M | $-19M | $33M | $37M | $20M | $17M | $52M | $51M | $-287M | $33M | $157M | $-12M | |
| Net Income | $49M | $-39M | $54M | $30M | $155M | $229M | $127M | $150M | $12M | $48M | $241M | $-43M | |
| EPS (Basic) | $0.57 | $-0.46 | $0.64 | $0.35 | $1.80 | $2.66 | $1.47 | $1.75 | $0.14 | $0.56 | $2.86 | $-0.51 | |
| EPS (Diluted) | $0.56 | $-0.46 | $0.63 | $0.35 | $1.77 | $2.62 | $1.44 | $1.72 | $0.14 | $0.56 | $2.84 | $-0.51 | |
| Shares (Basic) | 85,908,000 | 85,633,000 | 85,185,000 | 85,000,000 | 86,000,000 | 86,000,000 | 86,000,000 | 86,000,000 | 85,000,000 | 85,000,000 | 84,000,000 | 84,000,000 | |
| Shares (Diluted) | 87,293,000 | 85,633,000 | 86,732,000 | 86,000,000 | 87,000,000 | 87,000,000 | 88,000,000 | 87,000,000 | 86,000,000 | 85,000,000 | 85,000,000 | 84,000,000 | |
| EBITDA | · | · | $776M | $751M | $832M | $842M | $801M | $785M | $300M | $604M | · | $450M |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $113M | $144M | $150M | $273M | $156M | $1.27B | $285M | $580M | $352M | $586M | $715M | $212M | |
| Short-term Investments | · | · | · | · | $0 | $3M | $0 | $17M | $50M | $0 | · | · | |
| Receivables | · | $905M | $900M | $985M | $976M | $915M | $919M | $908M | $775M | $658M | $608M | $466M | |
| Inventory | · | $179M | $199M | $261M | $173M | $146M | $162M | $142M | $138M | $138M | $149M | $267M | |
| Prepaid Expense | $3M | $7M | $57M | $68M | $58M | $51M | $50M | $63M | $79M | $84M | $81M | $60M | |
| Other Current Assets | $7M | $18M | $36M | $45M | $49M | $29M | $20M | $19M | $21M | $23M | $55M | $91M | |
| Current Assets | $145M | $1.34B | $1.40B | $1.72B | $1.60B | $2.62B | $1.57B | $1.81B | $1.48B | $1.56B | $1.67B | $1.28B | |
| PP&E (Net) | $389M | $384M | $2.58B | $2.62B | $2.61B | $2.47B | $2.21B | $2.20B | $2.32B | $2.47B | $2.65B | $2.73B | |
| PP&E (Gross) | $1.08B | $1.04B | $9.56B | $9.33B | $9.06B | $8.79B | $8.29B | $7.78B | $7.63B | $7.71B | $7.67B | $7.46B | |
| Accum. Depreciation | $690M | $654M | $6.98B | $6.71B | $6.45B | $6.32B | $6.09B | $5.58B | $5.31B | $5.24B | $5.02B | $4.73B | |
| Goodwill | · | · | · | · | · | · | · | · | $0 | $370M | $370M | $370M | |
| Other Non-current Assets | $25M | $20M | $690M | $686M | $626M | $602M | $566M | $579M | $390M | $405M | $172M | $251M | |
| Total Assets | $4.68B | $10.45B | $10.75B | $11.12B | $10.34B | $9.68B | $8.16B | $7.27B | $6.84B | $7.11B | $7.06B | $6.46B | |
| Current Liabilities | $200M | $884M | $901M | $1.20B | $903M | $871M | $750M | $691M | $733M | $718M | $748M | $857M | |
| Capital Leases | $510M | $496M | $831M | $843M | $889M | $875M | $865M | $0 | · | · | · | · | |
| Deferred Tax | $387M | $728M | $755M | $708M | $674M | $633M | $507M | $510M | $461M | $826M | $821M | · | |
| Other Non-current Liabilities | $336M | $221M | $565M | $604M | $573M | $376M | $319M | $389M | $337M | $302M | $290M | $284M | |
| Common Stock | $88M | $88M | $88M | $88M | $88M | $88M | $88M | $88M | $88M | $88M | $88M | $88M | |
| Paid-in Capital | $1.80B | $1.78B | $1.73B | $1.70B | $1.68B | $1.65B | $1.63B | $1.59B | $1.55B | $1.52B | $1.50B | $1.47B | |
| Retained Earnings | $770M | $2.82B | $2.89B | $2.86B | $2.85B | $2.74B | $2.55B | $2.44B | $2.16B | $2.16B | $2.13B | $1.91B | |
| Treasury Stock | $86M | $112M | $80M | $98M | $68M | $67M | $70M | $65M | $120M | $136M | $157M | $169M | |
| Stockholders' Equity | $2.57B | $4.58B | $4.63B | $4.55B | $4.55B | $4.41B | $4.20B | $4.06B | $3.68B | $3.63B | $3.56B | $3.30B | |
| Liabilities + Equity | $4.68B | $10.45B | $10.75B | $11.12B | $10.34B | $9.68B | $8.16B | $7.27B | $6.84B | $7.11B | $7.06B | $6.46B | |
| Shares Outstanding | 86,380,000 | 85,094,000 | 85,000,000 | 85,000,000 | 86,000,000 | 86,000,000 | 86,000,000 | 86,000,000 | 85,000,000 | 85,000,000 | 84,000,000 | 84,080,000 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $39M | $39M | $42M | $682M | $662M | $669M | $689M | $627M | $604M | $607M | $596M | $593M | |
| Stock-based Comp | $2M | $3M | $1M | $24M | $27M | $32M | $41M | $37M | $30M | $26M | $25M | $22M | |
| Deferred Tax | $-38M | $-17M | $33M | $33M | $41M | $130M | $-4M | $-3M | $-365M | $6M | $55M | $58M | |
| Other Non-cash | · | · | $105M | $63M | $-83M | $177M | $-129M | $-102M | $188M | $-186M | · | $-458M | |
| Operating Cash Flow | $201M | $882M | $867M | $832M | $802M | $1.24B | $724M | $709M | $469M | $501M | $555M | $172M | |
| CapEx | $27M | $18M | $41M | $602M | $724M | $989M | $650M | $512M | $465M | $443M | $581M | $605M | |
| Investing Cash Flow | $2.44B | $-556M | $-721M | $-1.18B | $-2.04B | $-1.16B | $-864M | $-464M | $-683M | $-618M | $-550M | · | |
| Debt Issued | $325M | $40M | $315M | $800M | $1.34B | $1.12B | $0 | $0 | · | · | · | · | |
| Net Debt Issued | · | · | $-138M | $471M | $224M | $1.02B | $-116M | $-19M | $-14M | $-11M | · | · | |
| Stock Repurchased | $21M | $54M | $0 | $43M | $31M | $23M | $21M | $0 | $0 | $5M | $6M | $19M | |
| Net Stock Activity | · | · | $0 | $-43M | $-31M | $-23M | $-21M | $0 | $0 | $-5M | · | $-19M | |
| Financing Cash Flow | $-2.68B | $-347M | $-274M | $456M | $142M | $926M | $-152M | $-14M | $-20M | $-12M | $497M | · | |
| Net Change in Cash | $-46M | $-21M | $-128M | $109M | $-1.09B | $1.00B | $-292M | $231M | $-234M | $-129M | $502M | $-130M | |
| Taxes Paid | $252M | $36M | $3M | $-116M | $6M | $-38M | $78M | $90M | $55M | $-11M | $59M | $33M | |
| Free Cash Flow | · | · | $258M | $230M | $78M | $248M | $74M | $197M | $4M | $58M | · | $-433M | |
| Levered FCF | · | · | $156M | $151M | $-78M | $144M | $-5M | $109M | $10M | $-10M | · | $-479M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | 3.6% | 1.7% | 4.1% | 4.3% | 2.8% | 4.0% | -7.8% | -0.08% | · | -3.7% | |
| Net Margin | · | · | 1.4% | 0.72% | 3.8% | 5.7% | 3.2% | 3.8% | 0.31% | 1.2% | · | -1.1% | |
| Pretax Margin | · | · | 2.8% | 1.7% | 4.4% | 6.2% | 4.6% | 5.4% | -7.0% | 2.1% | · | -1.5% | |
| EBITDA Margin | · | · | 19.9% | 18.0% | 20.2% | 20.9% | 19.9% | 19.8% | 7.7% | 15.3% | · | 11.6% | |
| ROA | · | · | 0.50% | 0.28% | 1.6% | 2.6% | 1.7% | 2.1% | 0.17% | 0.68% | · | -0.66% | |
| ROE | · | · | 1.2% | 0.66% | 3.5% | 5.3% | 3.1% | 3.9% | 0.33% | 1.3% | · | -1.3% | |
| ROIC | · | · | 1.6% | 0.74% | 3.3% | 3.7% | 1.9% | 3.0% | 0.46% | -0.05% | · | -3.5% |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | · | 1.6 | 1.4 | 1.8 | 3.0 | 2.1 | 2.6 | 2.0 | 2.2 | · | 1.5 | |
| Quick Ratio | · | · | 1.2 | 1.1 | 1.3 | 2.5 | 1.6 | 2.2 | 1.6 | 1.7 | · | 0.8 | |
| Interest Coverage | · | · | 0.7 | 0.4 | 1.0 | 1.5 | 1.0 | 1.4 | -2.7 | -0.0 | · | -2.5 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | · | 0.6 | |
| Inventory Turnover | · | · | · | · | · | · | · | · | 7.8 | 7.5 | · | 4.7 | |
| Receivables Turnover | · | · | 4.1 | 4.3 | 4.4 | 4.4 | 4.4 | 4.7 | 5.4 | 6.2 | · | 8.3 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 58.3% | 2.5% | -97.6% | 1.1% | 2.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -66.1% | -70.8% | -70.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -47.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | 80.0% | -80.2% | -32.4% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 17.0% | · | -37.8% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -26.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | 81.5% | -80.7% | -32.3% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 17.6% | · | -38.0% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -26.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $163M | $103M | $100M | $4.17B | $4.12B | $4.04B | $4.02B | $3.97B | $3.89B | $3.99B | $4.03B | $3.89B | |
| Net Income TTM | $49M | $-39M | $54M | $30M | $155M | $229M | $127M | $150M | $12M | $48M | $241M | $-43M | |
| Market Cap | · | · | $3.53B | $1.77B | $2.71B | $2.64B | $3.12B | $4.47B | $3.20B | $3.72B | · | $3.35B | |
| P/E | 95.8 | -136.3 | 65.9 | 59.6 | 17.8 | 11.7 | 25.2 | 30.2 | 268.8 | 78.1 | 14.4 | -78.1 | |
| P/S | · | · | 35.1 | 0.4 | 0.7 | 0.7 | 0.8 | 1.1 | 0.8 | 0.9 | · | 0.9 | |
| P/B | · | · | 0.8 | 0.4 | 0.6 | 0.6 | 0.7 | 1.1 | 0.9 | 1.0 | · | 1.0 | |
| P / Tangible Book | 1.8 | 1.2 | 0.8 | 0.4 | 0.6 | 0.6 | · | · | · | · | · | · | |
| P / Cash Flow | · | · | 4.1 | 2.1 | 3.4 | 2.1 | 4.3 | 6.3 | 6.8 | 7.4 | · | 19.4 | |
| P / FCF | · | · | 13.7 | 7.7 | 34.8 | 10.6 | 42.1 | 22.7 | 799.6 | 64.1 | · | -7.7 | |
| Earnings Yield | 1.0% | -0.73% | 1.5% | 1.7% | 5.6% | 8.5% | 4.0% | 3.3% | 0.37% | 1.3% | 7.0% | -1.3% |
Income Statement 15
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $-1.69B | $47M | $916M | $891M | $-1.80B | $26M | $927M | $950M | $-2.81B | $963M | $957M | $986M | $1.05B | $1.08B | $1.03B | $1.01B | |
| Cost of Revenue | $23M | $21M | · | · | $20M | $18M | · | · | · | · | · | · | · | · | · | · | |
| SG&A Expense | $-596M | $21M | $328M | $332M | $-572M | $21M | $322M | $331M | $-918M | $333M | $341M | $345M | $375M | $369M | $339M | $325M | |
| Operating Expenses | $-1.58B | $100M | $881M | $850M | $-1.61B | $186M | $891M | $899M | $-2.58B | $906M | $923M | $960M | $1.08B | $1.10B | $987M | $939M | |
| Operating Income | $-115M | $-53M | $35M | $41M | $-187M | $-160M | $36M | $51M | $-229M | $57M | $34M | $26M | $-27M | $-15M | $40M | $71M | |
| Interest Expense | $-66M | $9M | $45M | $40M | $-80M | $4M | $45M | $43M | $-133M | $50M | $51M | $47M | $48M | $42M | $40M | $33M | |
| Other Non-op | $-85.0K | $254.0K | $1M | $-1M | $3M | $0 | $-4M | $1M | $18M | $-7M | $-10M | $-1M | $-10M | $0 | $0 | $13M | |
| Pretax Income | $18M | $47M | $36M | $40M | $-66M | $-118M | $32M | $52M | $-58M | $50M | $24M | $25M | $-37M | $-15M | $40M | $84M | |
| Income Tax | $8M | $-63M | $4M | $20M | $-39M | $-22M | $14M | $28M | $-24M | $27M | $19M | $11M | $-10M | $-3M | $18M | $32M | |
| Net Income | $38M | $-38M | $31M | $18M | $5M | $-79M | $17M | $18M | $13M | $23M | $5M | $13M | $-28M | $-12M | $21M | $49M | |
| EPS (Basic) | $0.44 | $-0.45 | $0.37 | $0.21 | $0.05 | $-0.92 | $0.20 | $0.21 | $0.18 | $0.26 | $0.05 | $0.15 | $-0.32 | $-0.15 | $0.25 | $0.57 | |
| EPS (Diluted) | $0.43 | $-0.44 | $0.36 | $0.21 | $0.06 | $-0.92 | $0.20 | $0.20 | $0.17 | $0.26 | $0.05 | $0.15 | $-0.32 | $-0.15 | $0.25 | $0.57 | |
| Shares (Basic) | -171,343,000 | 86,251,000 | 86,000,000 | 85,000,000 | -171,199,000 | 85,832,000 | 86,000,000 | 85,000,000 | -169,815,000 | 85,000,000 | 85,000,000 | 85,000,000 | -172,000,000 | 85,000,000 | 86,000,000 | 86,000,000 | |
| Shares (Diluted) | -175,553,000 | 86,846,000 | 88,000,000 | 88,000,000 | -176,199,000 | 85,832,000 | 88,000,000 | 88,000,000 | -171,268,000 | 86,000,000 | 86,000,000 | 86,000,000 | -173,000,000 | 85,000,000 | 87,000,000 | 87,000,000 | |
| EBITDA | · | $-41M | $198M | $204M | · | $77M | $201M | $216M | · | $216M | $195M | $196M | · | $162M | $212M | $242M |
Balance Sheet 22
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $113M | $326M | $386M | $182M | $144M | $272M | $195M | $185M | · | $153M | $186M | $154M | · | $254M | $320M | $300M | |
| Receivables | · | · | $861M | $863M | · | $871M | $891M | $877M | · | $890M | $917M | $940M | · | $987M | $968M | $964M | |
| Inventory | · | · | $126M | $178M | · | $161M | $143M | $175M | · | $175M | $210M | $262M | · | $243M | $206M | $177M | |
| Prepaid Expense | $3M | $3M | $53M | $63M | $7M | $55M | $58M | $71M | · | $64M | $69M | $76M | · | $61M | $62M | $63M | |
| Other Current Assets | $7M | $4M | $21M | $25M | $18M | $21M | $26M | $32M | · | $40M | $47M | $57M | · | $41M | $41M | $51M | |
| Current Assets | $145M | $352M | $1.51B | $1.37B | $1.34B | $1.43B | $1.37B | $1.40B | · | $1.39B | $1.50B | $1.56B | · | $1.68B | $1.67B | $1.61B | |
| PP&E (Net) | $389M | $387M | $2.31B | $2.39B | $384M | $2.50B | $2.54B | $2.54B | · | $2.59B | $2.64B | $2.66B | · | $2.63B | $2.67B | $2.58B | |
| PP&E (Gross) | $1.08B | $1.07B | $8.48B | $8.42B | $1.04B | $8.40B | $8.29B | $8.32B | · | $9.57B | $9.49B | $9.44B | · | $9.41B | $9.35B | $9.14B | |
| Accum. Depreciation | $690M | $684M | $6.16B | $6.02B | $654M | $5.90B | $5.75B | $5.78B | · | $6.98B | $6.85B | $6.78B | · | $6.78B | $6.68B | $6.56B | |
| Other Non-current Assets | $25M | $15M | $606M | $612M | $20M | $619M | $643M | $666M | · | $666M | $670M | $680M | · | $648M | $582M | $579M | |
| Total Assets | $4.68B | $4.92B | $10.38B | $10.37B | $10.45B | $10.52B | $10.64B | $10.70B | · | $10.75B | $10.89B | $11.00B | $11.12B | $11.06B | $11.00B | $10.88B | |
| Current Liabilities | $200M | $539M | $808M | $807M | $884M | $909M | $886M | $837M | · | $1.03B | $1.01B | $953M | · | $1.10B | $982M | $873M | |
| Capital Leases | $510M | $513M | $825M | $824M | $496M | $813M | $822M | $827M | · | $834M | $836M | $836M | · | $859M | $872M | $882M | |
| Deferred Tax | $387M | $321M | $719M | $720M | $728M | $719M | $765M | $758M | · | $749M | $732M | $715M | · | $705M | $705M | $696M | |
| Other Non-current Liabilities | $336M | $336M | $576M | $570M | $221M | $579M | $573M | $564M | · | $601M | $607M | $601M | · | $661M | $690M | $583M | |
| Common Stock | $88M | $88M | $88M | $88M | $88M | $88M | $88M | $88M | · | $88M | $88M | $88M | · | $88M | $88M | $88M | |
| Paid-in Capital | $1.80B | $1.80B | $1.81B | $1.80B | $1.78B | $1.76B | $1.75B | $1.74B | · | $1.72B | $1.71B | $1.70B | · | $1.70B | $1.69B | $1.69B | |
| Retained Earnings | $770M | $732M | $2.80B | $2.82B | $2.82B | $2.81B | $2.89B | $2.91B | · | $2.88B | $2.85B | $2.87B | · | $2.89B | $2.90B | $2.90B | |
| Treasury Stock | $86M | $-86M | $102M | $125M | $112M | $83M | $58M | $80M | · | $80M | $80M | $96M | · | $85M | $75M | $77M | |
| Stockholders' Equity | $2.57B | $2.53B | $4.60B | $4.58B | $4.58B | $4.58B | $4.67B | $4.66B | · | $4.60B | $4.57B | $4.57B | · | $4.59B | $4.61B | $4.59B | |
| Liabilities + Equity | $4.68B | $4.92B | $10.38B | $10.37B | $10.45B | $10.52B | $10.64B | $10.70B | · | $10.75B | $10.89B | $11.00B | · | $11.06B | $11.00B | $10.88B | |
| Shares Outstanding | 86,380,000 | 86,380,000 | 86,000,000 | 85,000,000 | 85,094,000 | 86,000,000 | 86,000,000 | 85,000,000 | · | 85,000,000 | 85,000,000 | 85,000,000 | · | 85,000,000 | 86,000,000 | 86,000,000 |
Cash Flow 15
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $-299M | $12M | $163M | $163M | $-303M | $12M | $165M | $165M | $-448M | $159M | $161M | $170M | $162M | $177M | $172M | $171M | |
| Stock-based Comp | $259.0K | $-27M | $12M | $17M | $649.0K | $-23M | $12M | $13M | $-13M | $8M | $6M | $0 | $6M | $4M | $7M | $7M | |
| Deferred Tax | $43M | $-72M | $-1M | $-8M | $18M | $-46M | $7M | $4M | $-8M | $16M | $18M | $7M | $2M | $0 | $9M | $22M | |
| Other Non-cash | · | · | · | $-30M | · | · | · | $3M | · | · | · | $-149M | · | · | · | $62M | |
| Operating Cash Flow | $-202M | $-82M | $325M | $160M | $121M | $245M | $313M | $203M | $148M | $329M | $349M | $41M | $180M | $74M | $267M | $311M | |
| CapEx | $9M | $-128M | $75M | $72M | $5M | $-257M | $137M | $133M | $-413M | $103M | $155M | $196M | $193M | $121M | $138M | $150M | |
| Investing Cash Flow | $-9M | $2.60B | $-76M | $-74M | $-141M | $-131M | $-140M | $-144M | $-257M | $-119M | $-153M | $-192M | $-203M | $-125M | $-141M | $-710M | |
| Debt Issued | $0 | $325M | $0 | $0 | $0 | $0 | $0 | $40M | $200M | $0 | $0 | $115M | $75M | $100M | $0 | $625M | |
| Net Debt Issued | · | · | · | $-5M | · | · | · | $-15M | · | · | · | $112M | · | · | · | $499M | |
| Stock Repurchased | $0 | $360.0K | $0 | $21M | $28M | $26M | $0 | $0 | $0 | $0 | $0 | $0 | $15M | $10M | $8M | $10M | |
| Net Stock Activity | · | · | · | $-21M | · | · | · | · | · | · | · | $0 | · | · | · | $-10M | |
| Financing Cash Flow | $-2M | $-2.59B | $-49M | $-44M | $-109M | $-42M | $-168M | $-28M | $104M | $-249M | $-172M | $43M | $42M | $-15M | $-115M | $544M | |
| Net Change in Cash | $-212M | $-76M | $200M | $42M | $-129M | $72M | $5M | $31M | $-5M | $-39M | $24M | $-108M | $19M | $-66M | $11M | $145M | |
| Free Cash Flow | · | · | · | $88M | · | · | · | $70M | · | · | · | $-155M | · | · | · | $161M | |
| Levered FCF | · | · | · | $68M | · | · | · | $50M | · | · | · | $-181M | · | · | · | $141M |
Profitability 7
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | -113.1% | 3.8% | 4.6% | · | -9.8% | 3.9% | 5.4% | · | 5.9% | 3.5% | 2.6% | · | -1.4% | 3.9% | 7.0% | |
| Net Margin | · | -81.6% | 3.4% | 2.0% | · | -8.6% | 1.8% | 1.9% | · | 2.4% | 0.52% | 1.3% | · | -1.1% | 2.0% | 4.9% | |
| Pretax Margin | · | 100.2% | 3.9% | 4.5% | · | -10.0% | 3.5% | 5.5% | · | 5.2% | 2.5% | 2.5% | · | -1.4% | 3.9% | 8.3% | |
| EBITDA Margin | · | -88.0% | 21.6% | 22.9% | · | 8.3% | 21.7% | 22.7% | · | 22.4% | 20.4% | 19.9% | · | 15.0% | 20.6% | 24.0% | |
| ROA | · | -0.50% | 0.30% | 0.17% | · | -0.74% | 0.16% | 0.17% | · | 0.21% | 0.05% | 0.12% | · | -0.11% | 0.20% | 0.47% | |
| ROE | · | -1.1% | 0.67% | 0.39% | · | -1.7% | 0.37% | 0.39% | · | 0.50% | 0.11% | 0.28% | · | -0.26% | 0.46% | 1.1% | |
| ROIC | · | -4.9% | 0.68% | 0.45% | · | -1.7% | 0.43% | 0.51% | · | 0.57% | 0.15% | 0.32% | · | -0.26% | 0.48% | 0.96% |
Liquidity & Solvency 3
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 0.7 | 1.9 | 1.7 | · | 1.6 | 1.6 | 1.7 | · | 1.4 | 1.5 | 1.6 | · | 1.5 | 1.7 | 1.8 | |
| Quick Ratio | · | 0.6 | 1.5 | 1.3 | · | 1.3 | 1.2 | 1.3 | · | 1.0 | 1.1 | 1.1 | · | 1.1 | 1.3 | 1.4 | |
| Interest Coverage | · | -6.0 | 0.8 | 1.0 | · | -1.8 | 0.8 | 1.2 | · | 1.1 | 0.7 | 0.6 | · | -0.4 | 1.0 | 2.2 |
Efficiency 2
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.0 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | |
| Receivables Turnover | · | · | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.1 | 1.1 | 1.1 |
Valuation (TTM) 10
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $1.88B | $2.76B | $2.79B | · | $2.87B | $3.80B | $3.86B | · | $3.99B | $4.05B | $4.11B | · | $4.14B | $4.07B | $4.06B | |
| Net Income TTM | · | $-69M | $-13M | $-26M | · | $-21M | $63M | $59M | · | $29M | $27M | $71M | · | $92M | $139M | $178M | |
| Market Cap | · | $4.32B | $5.50B | $5.88B | · | $4.70B | $4.80B | $3.10B | · | $3.65B | $1.50B | $1.76B | · | $2.21B | $2.49B | $2.60B | |
| P/E | · | -63.3 | -426.5 | -223.1 | · | -210.2 | 78.6 | 55.3 | · | 138.6 | 58.8 | 25.3 | · | 24.8 | 18.2 | 14.9 | |
| P/S | · | 2.3 | 2.0 | 2.1 | · | 1.6 | 1.3 | 0.8 | · | 0.9 | 0.4 | 0.4 | · | 0.5 | 0.6 | 0.6 | |
| P/B | · | 1.7 | 1.2 | 1.3 | · | 1.0 | 1.0 | 0.7 | · | 0.8 | 0.3 | 0.4 | · | 0.5 | 0.5 | 0.6 | |
| P / Tangible Book | · | 1.7 | 1.2 | 1.3 | · | 1.0 | 1.0 | 0.7 | · | 0.8 | 0.3 | 0.4 | · | 0.5 | 0.5 | 0.6 | |
| P / Cash Flow | · | · | · | 36.7 | · | · | · | 15.3 | · | · | · | 43.0 | · | · | · | 8.4 | |
| P / FCF | · | · | · | 66.8 | · | · | · | 44.3 | · | · | · | -11.4 | · | · | · | 16.1 | |
| Earnings Yield | · | -1.6% | -0.23% | -0.45% | · | -0.48% | 1.3% | 1.8% | · | 0.72% | 1.7% | 4.0% | · | 4.0% | 5.5% | 6.7% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2024-06-30 | 2024-03-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Revenue | $163M | $103M | — | — | $100M |
| Operating Margin % | — | — | — | — | 3.6% |
| Net Income | $49M | $-39M | — | — | $54M |
| Diluted EPS | $0.56 | $-0.46 | — | — | $0.63 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2024-06-30 | 2024-03-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | 1.6 |
| Quick Ratio | — | — | — | — | 1.2 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2024-06-30 | 2024-03-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | $258M |
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Institutional owners (13F) 156 filers · $677.2M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 35 (+2 vs prior Q) | 31 (+5 vs prior Q) | 35 (-14 vs prior Q) | 40 (+2 vs prior Q) | -578K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LP | $78,460,331 | 2,163,826 | 11.59% | Shares |
| VANGUARD GROUP INC | $70,879,527 | 1,321,886 | 10.47% | Shares |
| HAWK RIDGE CAPITAL MANAGEMENT LP | $65,901,426 | 1,817,469 | 9.73% | Shares |
| Jericho Capital Asset Management L.P. | $65,842,503 | 1,815,844 | 9.72% | Shares |
| Madison Avenue Partners, LP | $40,229,128 | 1,109,463 | 5.94% | Shares |
| GAMCO INVESTORS, INC. ET AL | $29,924,000 | 825,262 | 4.42% | Shares |
| AMERICAN CENTURY COMPANIES INC | $27,779,983 | 766,133 | 4.10% | Shares |
| OAKTREE CAPITAL MANAGEMENT LP | $25,268,071 | 696,858 | 3.73% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $25,213,645 | 695,357 | 3.72% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $23,839,608 | 657,463 | 3.52% | Shares |
| LOOMIS SAYLES & CO L P | $22,761,945 | 627,743 | 3.36% | Shares |
| Newtyn Management, LLC | $21,650,483 | 597,090 | 3.20% | Shares |
| BANK OF AMERICA CORP /DE/ | $21,022,750 | 579,778 | 3.10% | Shares |
| GABELLI FUNDS LLC | $19,767,139 | 545,150 | 2.92% | Shares |
| GOLDMAN SACHS GROUP INC | $16,283,333 | 449,072 | 2.40% | Shares |
| Qube Research & Technologies Ltd | $13,632,563 | 375,967 | 2.01% | Shares |
| STATE STREET CORP | $9,225,378 | 254,423 | 1.36% | Shares |
| Tiptree Advisors, LLC | $7,364,950 | 203,115 | 1.09% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $6,556,062 | 180,807 | 0.97% | Shares |
| FMR LLC | $5,325,796 | 146,878 | 0.79% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $5,075,169 | 139,893 | 0.75% | Shares |
| Slotnik Capital, LLC | $4,541,674 | 125,253 | 0.67% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $4,420,239 | 121,904 | 0.65% | Shares |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC | $3,946,271 | 108,833 | 0.58% | Shares |
| FIRST TRUST ADVISORS LP | $3,832,500 | 105,695 | 0.57% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,626,000 | 100,000 | 0.54% | Call option |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $3,625,637 | 99,990 | 0.54% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $3,326,456 | 91,739 | 0.49% | Shares |
| Polar Asset Management Partners Inc. | $3,147,114 | 86,793 | 0.46% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,632,476 | 72,600 | 0.39% | Put option |
| Caption Management, LLC | $2,538,200 | 70,000 | 0.37% | Call option |
| Caption Management, LLC | $2,538,200 | 70,000 | 0.37% | Put option |
| STATE OF WISCONSIN INVESTMENT BOARD | $2,286,447 | 63,057 | 0.34% | Shares |
| VIKING FUND MANAGEMENT LLC | $2,277,128 | 62,800 | 0.34% | Shares |
| Nuveen, LLC | $2,248,193 | 62,002 | 0.33% | Shares |
| WOLVERINE TRADING, LLC | $2,088,949 | 42,398 | 0.31% | Shares |
| TCW GROUP INC | $1,994,953 | 55,018 | 0.29% | Shares |
| D. E. Shaw & Co., Inc. | $1,502,034 | 41,424 | 0.22% | Shares |
| RAYMOND JAMES FINANCIAL INC | $1,387,607 | 38,268 | 0.20% | Shares |
| Swiss National Bank | $1,167,572 | 32,200 | 0.17% | Shares |
| Engineers Gate Manager LP | $1,073,405 | 29,603 | 0.16% | Shares |
| XTX Topco Ltd | $1,070,903 | 29,534 | 0.16% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $999,906 | 18,648 | 0.15% | Shares |
| Promus Capital, LLC | $968,894 | 19,374 | 0.14% | Shares |
| UBS Group AG | $951,064 | 26,229 | 0.14% | Shares |
| TUDOR INVESTMENT CORP ET AL | $906,500 | 25,000 | 0.13% | Put option |
| JPMORGAN CHASE & CO | $870,625 | 23,938 | 0.13% | Shares |
| CITADEL ADVISORS LLC | $837,606 | 23,100 | 0.12% | Call option |
| JANE STREET GROUP, LLC | $826,438 | 22,792 | 0.12% | Shares |
| Central Pacific Bank - Trust Division | $794,094 | 21,900 | 0.12% | Shares |
| Waverly Advisors, LLC | $776,363 | 21,411 | 0.11% | Shares |
| Marble Bar Asset Management LLP | $766,065 | 21,127 | 0.11% | Shares |
| Quantbot Technologies LP | $680,782 | 18,775 | 0.10% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $632,349 | 13,705 | 0.09% | Shares |
| TWO SIGMA ADVISERS, LP | $621,992 | 11,600 | 0.09% | Shares |
| Gotham Asset Management, LLC | $606,775 | 16,734 | 0.09% | Shares |
| Fieldview Capital Management, LLC | $590,458 | 16,284 | 0.09% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $537,881 | 14,834 | 0.08% | Shares |
| MORGAN STANLEY | $486,002 | 13,403 | 0.07% | Shares |
| JANE STREET GROUP, LLC | $467,754 | 12,900 | 0.07% | Call option |
| CITADEL ADVISORS LLC | $460,502 | 12,700 | 0.07% | Put option |
| NAVELLIER & ASSOCIATES INC | $398,933 | 11,002 | 0.06% | Shares |
| Welch Group, LLC | $398,860 | 11,000 | 0.06% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $390,158 | 10,760 | 0.06% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $338,850 | 9,345 | 0.05% | Shares |
| Aberdeen Group plc | $299,218 | 8,252 | 0.04% | Shares |
| JANUS HENDERSON GROUP PLC | $292,116 | 6,340 | 0.04% | Shares |
| CAXTON ASSOCIATES LLP | $286,273 | 7,895 | 0.04% | Shares |
| Caption Management, LLC | $285,366 | 7,870 | 0.04% | Shares |
| Gem Investment Advisors, LLC | $269,738 | 7,439 | 0.04% | Shares |
| DigitalBridge Group, Inc. | $246,568 | 6,800 | 0.04% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $222,056 | 6,124 | 0.03% | Shares |
| KLP KAPITALFORVALTNING AS | $213,934 | 5,900 | 0.03% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $206,682 | 5,700 | 0.03% | Shares |
| ANCHYRA PARTNERS LLC | $202,077 | 5,573 | 0.03% | Shares |
| NORTHERN TRUST CORP | $187,247 | 5,164 | 0.03% | Shares |
| Vanguard Global Advisers, LLC | $181,771 | 5,013 | 0.03% | Shares |
| BlackRock, Inc. | $179,705 | 4,956 | 0.03% | Shares |
| US BANCORP \DE\ | $156,280 | 4,310 | 0.02% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $154,613 | 4,264 | 0.02% | Shares |
| Vanguard Investments Australia, Ltd. | $150,370 | 4,147 | 0.02% | Shares |
| AlphaQuest LLC | $139,734 | 2,606 | 0.02% | Shares |
| Point72 Asia (Singapore) Pte. Ltd. | $127,034 | 2,540 | 0.02% | Shares |
| Legal & General Group Plc | $92,644 | 2,555 | 0.01% | Shares |
| Lindbrook Capital, LLC | $54,421 | 787 | 0.01% | Shares |
| SIGNATUREFD, LLC | $51,090 | 1,409 | 0.01% | Shares |
| Creative Planning | $45,506 | 1,255 | 0.01% | Shares |
| CITIGROUP INC | $42,025 | 1,159 | 0.01% | Shares |
| HARBOUR INVESTMENTS, INC. | $41,191 | 1,136 | 0.01% | Shares |
| Fulcrum Asset Management LLP | $40,080 | 1,102 | 0.01% | Shares |
| Parallel Advisors, LLC | $37,203 | 1,026 | 0.01% | Shares |
| Brookfield Corp /ON/ | $31,329 | 864 | 0.00% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $21,357 | 589 | 0.00% | Shares |
| ROYAL BANK OF CANADA | $21,000 | 576 | 0.00% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $20,833 | 562 | 0.00% | Shares |
| Global Retirement Partners, LLC | $20,378 | 562 | 0.00% | Shares |
| Bank of New York Mellon Corp | $19,508 | 538 | 0.00% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $17,405 | 480 | 0.00% | Shares |
| Farther Finance Advisors, LLC | $17,405 | 480 | 0.00% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $16,057 | 348 | 0.00% | Shares |
Company insiders 40 insiders · 28 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Laurent C Therivel | President and CEO | April 4, 2025 M | 211,283 | 0 | 0 | $0 |
| Kenneth R Meyers | President and CEO | March 5, 2020 A | 55,771 | 0 | 0 | $0 |
| Mary N Dillon | President and CEO | June 1, 2013 M | 13,019 | 0 | 0 | $0 |
| John E Rooney | President and CEO | May 31, 2010 M | 59,197 | 0 | 0 | $0 |
| Douglas W Chambers | EVP-CFO & Treasurer | April 4, 2025 M | 82,995 | 0 | 0 | $0 |
| Steven T Campbell | EVP-Finance, CFO and Treasurer | May 8, 2019 S | 23,935 | 0 | 0 | $0 |
| Kevin R Lowell | EVP, Chief People Officer | April 4, 2025 M | 22,977 | 0 | 0 | $0 |
| Jay Ellison | EVP-Operations | June 19, 2019 S | 0 | 0 | 0 | $0 |
| Jay G Spenchian | SVP of Marketing | April 2, 2018 A | — | 0 | 0 | $0 |
| Edward Perez | SVP-Sales | April 2, 2018 A | 15,912 | 0 | 0 | $0 |
| David C Kimbell | Exec VP - CMO | June 7, 2013 J | — | 0 | 0 | $0 |
| Carter Elenz | Exec VP Sales & Cust. Service | June 7, 2013 J | — | 0 | 0 | $0 |
| Alan Ferber | Exec VP Chief Strategy & Brand | April 17, 2012 G | 1,593 | 0 | 0 | $0 |
| Kevin Lowell | VP Nat'l Network Operations | April 3, 2006 A | — | 0 | 0 | $0 |
| Nick Wright | Vice President West Operations | April 3, 2006 A | 3,565 | 0 | 0 | $0 |
| Thomas Catani | Regional VP East Operations | April 3, 2006 A | 3,828 | 0 | 0 | $0 |
| George Irving | VP Bus. Support Services | April 3, 2006 A | 2,581 | 0 | 0 | $0 |
| Karen C Johnson | VP Public Affairs & Comm | April 3, 2006 A | 3,948 | 0 | 0 | $0 |
| Katherine Hust | Regional VP Central Operations | April 3, 2006 A | 5,672 | 0 | 0 | $0 |
| Conrad Hunter | Regional VP Midwest Operations | April 3, 2006 A | 7,140 | 0 | 0 | $0 |
| Rochelle Boersma | Vice Pres. Customer Service | April 3, 2006 A | 4,205 | 0 | 0 | $0 |
| James Richard Jenkins | VP Legal and External Affairs | April 3, 2006 A | 5,335 | 0 | 0 | $0 |
| Leon J Hensen | VP Market Transition | April 3, 2006 A | 14,604 | 0 | 0 | $0 |
| Thomas S Weber | Vice Pres. Financial Strategy | April 3, 2006 A | 12,352 | 0 | 0 | $0 |
| Karen S Kirwan | Exec VP IS & CIO | Sept. 30, 2005 F | 19,556 | 0 | 0 | $0 |
| Hichem Garnaoui | VP National Network Operations | Sept. 15, 2005 S | 7,285 | 0 | 0 | $0 |
| Carolyn A Tilden | VP Infrastructure, Operations | March 31, 2005 A | 3,655 | 0 | 0 | $0 |
| Brenda S Weyl | VP Customer Service | March 31, 2005 A | 4,900 | 0 | 0 | $0 |
| Harry J Harczak JR | Director | May 19, 2026 A | 21,247 | 0 | 0 | $0 |
| Gregory P Josefowicz | Director | June 2, 2025 G | 22,480 | 0 | 0 | $0 |
| Esteban C Iriarte | Director | May 21, 2024 A | 7,593 | 0 | 0 | $0 |
| Xavier Williams | Director | May 21, 2024 A | 4,902 | 0 | 0 | $0 |
| Deirdre Drake | Director | May 21, 2024 A | 33,897 | 0 | 0 | $0 |
| Cecelia D. Stewart | Director | May 21, 2024 A | 31,529 | 0 | 0 | $0 |
| Ronald E Daly | Director | May 12, 2022 S | 6,734 | 0 | 0 | $0 |
| Samuel J Crowley | Director | March 25, 2022 S | 7,445 | 0 | 0 | $0 |
| James Barr III | Director | March 1, 2018 A | 16,759 | 0 | 0 | $0 |
| Walter Cd Carlson | — | Aug. 1, 2025 A | 44,628 | 0 | 0 | $0 |
| Michael Irizarry | — | July 30, 2025 M | 100,181 | 0 | 0 | $0 |
| Jeffrey J Childs | — | Aug. 13, 2013 M | 13,020 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Telephone and Data Systems, Inc., The Trustees of Amendment and Restatement (dated as of April 22, 2005) of Voting Trust under Agreement dated as of June 30,1989 ×6 filings | May 8, 2026 | 81.90% | Amendment | — | SEC |
| Gabelli Funds, LLC I.D. No ., GAMCO Asset Management Inc. I.D. No ., MJG Associates, Inc. I.D. No ., Gabelli & Company Investment Advisers, Inc. I.D. No ., Gabelli Foundation, Inc. I.D. No ., GGCP, Inc. I.D. No ., GAMCO Investors, Inc. I.D. No ., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli ×5 filings | Dec. 28, 2020 | — | Initial filing | — | SEC |
| Gabelli Funds, LLC I.D. No., GAMCO Asset Management Inc. I.D. No., MJG Associates, Inc. I.D. No., Gabelli & Company Investment Advisers, Inc. I.D. No., GGCP, Inc. I.D. No., GAMCO Investors, Inc. I.D. No., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli ×10 filings | July 23, 2019 | — | Initial filing | — | SEC |
| Telephone and Data Systems, Inc. I.R.S. ID, The Trustees of Amendment and Restatement (dated as of April 22, 2005) of Voting Trust under Agreement dated as of June 30, 1989 ×3 filings | Nov. 10, 2014 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 67 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FYT · First Trust Exchange-Traded AlphaDE… | 0.51% | 18,944 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.25% | 60,187 NS | April 30, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.12% | 629,603 NS | May 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.10% | 2,929 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.09% | 260,590 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.09% | 133,017 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.05% | 147,178 NS | April 30, 2026 | N-PORT |
| FCOM · FIDELITY COVINGTON TRUST | 0.05% | 16,820 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.04% | 70,204 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.03% | 4,630 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.03% | 489 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.03% | 16,351 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 68,539 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 834 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 75,189 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 4,154 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 8,409 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 8,146 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 7,998 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 725 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 112 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 4,641 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 7,821 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | — | — | July 15, 2026 | Daily |
| VGK · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | — | — | July 15, 2026 | Daily |
| VYMI · VANGUARD WHITEHALL FUNDS | — | — | July 15, 2026 | Daily |
| IEV · iShares Trust | — | — | Aug. 4, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| KXI · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PFF · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| PXF · Invesco Exchange-Traded Fund Trust … | — | — | July 13, 2026 | Daily |
| IDLV · Invesco Exchange-Traded Fund Trust … | — | — | July 14, 2026 | Daily |
| IMFL · Invesco Exchange-Traded Self-Indexe… | — | — | July 13, 2026 | Daily |
| VOX · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | — | — | July 30, 2026 | Daily |
| EWN · iShares, Inc. | — | — | Aug. 17, 2026 | Daily |
| EZU · iShares, Inc. | — | — | Aug. 12, 2026 | Daily |
| ACWV · iShares, Inc. | — | — | Aug. 4, 2026 | Daily |
| URTH · iShares, Inc. | — | — | Aug. 18, 2026 | Daily |
| EFA · iShares Trust | — | — | Aug. 4, 2026 | Daily |
| ISCB · iShares Trust | — | — | July 20, 2026 | Daily |
| ISCV · iShares Trust | — | — | July 20, 2026 | Daily |