BXP BXP, Inc. Common Stock
$68.06
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$50–$79
62% of range
Analyst Rating
HOLD
26 analysts
Price Target
$75
+10% upside
P/E (TTM)
39.4
ROE
5.2%
Net Profit Margin
8.0%
About BXP, Inc. Common Stock Company overview from Wikipedia
BXP, Inc. is a publicly traded real estate investment trust which invests in premier workplaces in Boston, Los Angeles, New York City, San Francisco, Seattle, and Washington, D.C. As of December 31, 2023, the company owned or had interests in 188 commercial real estate properties, aggregating approximately 53.3 million net rentable square feet.
Read more
BXP, Inc. (formerly Boston Properties, Inc.) is a publicly traded real estate investment trust which invests in premier workplaces in Boston, Los Angeles, New York City, San Francisco, Seattle, and Washington, D.C. As of December 31, 2023, the company owned or had interests in 188 commercial real estate properties, aggregating approximately 53.3 million net rentable square feet.
## History
The company was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde in Boston. In 1985, the company outbid Donald Trump to re-develop the New York Coliseum at Columbus Circle. However the company did not proceed with development and sold the property, it is now the site of the Time Warner Center. In 1986, the company completed 599 Lexington Avenue, its first development in New York City. In 1990, the company began construction of the NASA Headquarters. It was sold to Hana Financial Group in 2002.
In June 1997, the company became a public company via an initial public offering. In October 1997, the company acquired 100 East Pratt Street. In 1998, it acquired Embarcadero Center in San Francisco for about $1.22 billion and bought the Prudential Tower and The Shops at Prudential Center, both in Boston, for $519 million.
In 2000 and 2001, the company completed development of several office buildings in Reston Town Center. From 2002 to 2005, it built 901 New York Avenue NW in Washington, D.C. In June 2008, the company acquired the General Motors Building in New York City for $2.8 billion, the highest paid for an American office building.
In October 2010, the company acquired 200 Clarendon Street (formerly the John Hancock Tower) for $930 million. In 2012, the company partnered with Hines Interests Limited Partnership to develop the Salesforce Tower. By 2019, it had acquired 100% of the property.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
BXP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$68.06
Market Cap
$10.86B
P/E (TTM)
39.4
EPS (TTM)
$1.74
Revenue (TTM)
$3.48B
Div Yield
5.9%
ROE
5.2%
Debt/Equity
0.1
52W Range
$50 – $79
BXP 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
$3.48B
2018-12-31
→
2025-12-31
EPS
$1.74
2018-12-31
→
2025-12-31
Free Cash Flow
—
Margins
8.0%
2019-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
BXP
Peer Median
P/E (TTM)
39.4
38.1
P/S (TTM)
3.1
1.3
P/B
2.1
0.8
EV / EBITDA
11.1
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
BXP
Peer Median
Gross Margin
59.1%
58.3%
Net Profit Margin
8.0%
-36.8%
ROA
1.1%
-5.0%
ROE
5.2%
-17.2%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
BXP
Peer Median
Debt / Equity
0.1
187.2
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
BXP
Peer Median
Revenue YoY
2.2%
—
Revenue CAGR 3Y
3.9%
—
Revenue CAGR 5Y
4.7%
—
EPS YoY
1833.3%
—
Net Income YoY
1839.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
BXP
Peer Median
Payout Ratio
232.3%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
5.9%
Payout Ratio
232.3%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.7000 |
| March 31, 2026 | $0.7000 |
| Dec. 31, 2025 | $0.7000 |
| Sept. 30, 2025 | $0.7000 |
| June 30, 2025 | $0.9800 |
| March 31, 2025 | $0.9800 |
| Dec. 31, 2024 | $0.9800 |
| Sept. 30, 2024 | $0.9800 |
| June 28, 2024 | $0.9800 |
| March 27, 2024 | $0.9800 |
| Dec. 28, 2023 | $0.9800 |
| Sept. 28, 2023 | $0.9800 |
| June 29, 2023 | $0.9800 |
| March 30, 2023 | $0.9800 |
| Dec. 29, 2022 | $0.9800 |
| Sept. 29, 2022 | $0.9800 |
| June 29, 2022 | $0.9800 |
| March 30, 2022 | $0.9800 |
| Dec. 30, 2021 | $0.9800 |
| Sept. 29, 2021 | $0.9800 |
BXP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
26 analysts
- Strong Buy 4 15.4%
- Buy 10 38.5%
- Hold 11 42.3%
- Sell 1 3.8%
- Strong Sell 0 0.0%
12-Month Price Target
20 analysts · 2026-08-18
Median
$76.50
Now
$68.06
Low
$60.00
High
$91.00
Median target
$76.50
+12.4%
Mean target
$75.15
+10.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.12%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.54 | $0.41 | 0.13% |
| March 31, 2026 | $0.64 | $0.34 | 0.30% |
| Dec. 31, 2025 | $1.56 | $0.58 | 0.98% |
| Sept. 30, 2025 | $-0.33 | $0.43 | -0.76% |
| June 30, 2025 | $0.44 | $0.40 | 0.04% |
| March 31, 2025 | $0.40 | $0.39 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BXP | $10.70B | 38.8 | 2.2% | 8.0% | 5.2% | 59.1% |
| CDP | $3.15B | 20.7 | 1.4% | 20.9% | 10.6% | — |
| VNO | $6.35B | 7.9 | 1.3% | 50.0% | 16.2% | — |
| CUZ | $4.33B | 107.4 | 16.0% | 4.1% | 0.85% | — |
| SLG | $3.26B | -28.5 | 13.2% | -9.7% | -2.5% | — |
| KRC | $4.42B | 16.1 | -2.0% | 27.2% | 5.6% | — |
| HIW | $2.84B | 17.8 | -2.4% | 20.2% | 6.9% | — |
| DEI | $1.84B | 122.1 | 1.8% | 1.6% | 0.82% | 63.3% |
| PDM | $1.04B | -12.4 | -0.93% | -14.8% | -5.4% | — |
| DEA | $981M | 78.5 | 11.3% | 3.9% | 0.98% | — |
| ESRT | — | 26.1 | 0.05% | 9.5% | 7.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.48B | $3.41B | $3.27B | $3.11B | $2.89B | $2.77B | $2.96B | $2.72B | $2.60B | $2.55B | $2.49B | $2.40B | |
| Gross Profit | $2.06B | $2.04B | $2.00B | $1.93B | $1.81B | $1.69B | $1.83B | $1.65B | $1.61B | · | · | · | |
| SG&A Expense | $169M | $160M | $170M | $146M | $152M | $133M | $141M | $122M | $114M | $105M | $96M | $99M | |
| Operating Expenses | $2.47B | $2.39B | $2.24B | $2.05B | $1.92B | $1.86B | $1.91B | $1.79B | $1.69B | $1.72B | $1.64B | $1.60B | |
| Operating Income | · | · | · | · | · | · | · | · | $908M | $826M | $849M | $802M | |
| Interest Expense | $653M | $645M | $580M | $437M | $423M | $432M | $413M | $378M | $374M | $413M | $432M | $456M | |
| Net Income | $277M | $14M | $190M | $849M | $505M | $873M | $522M | $583M | $462M | $513M | $583M | $444M | |
| EPS (Basic) | $1.75 | $0.09 | $1.21 | $5.42 | $3.18 | $5.55 | $3.31 | $3.71 | $2.93 | $3.27 | $3.73 | $2.83 | |
| EPS (Diluted) | $1.74 | $0.09 | $1.21 | $5.40 | $3.17 | $5.54 | $3.30 | $3.70 | $2.93 | $3.26 | $3.72 | $2.83 | |
| Shares (Basic) | 158,330,000 | 157,468,000 | 156,863,000 | 156,726,000 | 156,116,000 | 155,432,000 | 154,582,000 | 154,427,000 | 154,190,000 | 153,715,000 | 153,471,000 | 153,089,000 | |
| Shares (Diluted) | 158,869,000 | 157,793,000 | 157,201,000 | 157,137,000 | 156,376,000 | 155,517,000 | 154,883,000 | 154,682,000 | 154,390,000 | 153,977,000 | 153,844,000 | 153,308,000 | |
| EBITDA | $912M | $887M | $831M | $750M | $717M | $684M | $678M | $646M | $1.53B | $1.52B | $1.49B | $1.43B |
Balance Sheet 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.48B | $1.25B | $1.53B | $690M | $453M | $1.67B | $645M | $543M | $435M | $357M | $724M | $1.76B | |
| Total Assets | $26.17B | $26.08B | $26.03B | $24.21B | $22.37B | $22.86B | $21.28B | $20.26B | $19.37B | $18.85B | $18.35B | $19.89B | |
| Short-term Debt | $750M | $500M | $0 | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $18.47B | $18.14B | $17.83B | $15.84B | $14.32B | $14.51B | $13.26B | $12.04B | $11.27B | $10.92B | $10.46B | $11.88B | |
| Long-term Debt | · | · | · | · | $3.30B | $2.93B | $2.95B | $3.00B | $3.01B | $2.03B | $3.36B | $4.17B | |
| Total Debt | $750M | $500M | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Paid-in Capital | $6.84B | $6.84B | $6.72B | $6.54B | $6.50B | $6.36B | $6.29B | $6.41B | $6.38B | $6.33B | $6.31B | $6.27B | |
| Retained Earnings | $-1.67B | $-1.42B | $-816M | $-391M | $-626M | $-510M | $-761M | $-676M | $-712M | $-694M | $-781M | $-762M | |
| Treasury Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| AOCI | $-13M | $-2M | $-21M | $-14M | $-37M | $-50M | $-48M | $-48M | $-50M | $-52M | $-14M | $-9M | |
| Stockholders' Equity | $5.15B | $5.41B | $5.88B | $6.13B | $5.83B | $6.00B | $5.68B | $5.88B | $5.81B | $5.79B | $5.71B | $5.70B | |
| Liabilities + Equity | $26.17B | $26.08B | $26.03B | $24.21B | $22.37B | $22.86B | $21.28B | $20.26B | $19.37B | $18.85B | $18.35B | $19.89B | |
| Shares Outstanding | 158,548,298 | 158,175,000 | 156,941,000 | 156,758,000 | 156,545,000 | 155,719,000 | 154,790,000 | 154,458,000 | 154,325,000 | 153,790,000 | 153,580,000 | 153,114,000 |
Cash Flow 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $912M | $887M | $831M | $750M | $717M | $684M | $678M | $646M | $618M | $694M | $640M | $629M | |
| Stock-based Comp | $44M | $44M | $51M | $52M | $51M | $44M | $41M | $40M | $35M | $33M | $29M | $28M | |
| Other Non-cash | $12M | $289M | $229M | $-368M | $-140M | $-444M | $-59M | $-118M | $-208M | $-203M | $-452M | $-405M | |
| Operating Cash Flow | $1.25B | $1.23B | $1.30B | $1.28B | $1.13B | $1.16B | $1.18B | $1.15B | $912M | $1.03B | $799M | $696M | |
| Investing Cash Flow | $-645M | $-1.24B | $-1.19B | $-1.60B | $-1.04B | $-614M | $-1.02B | $-1.10B | $-882M | $-1.34B | $-280M | $-665M | |
| Dividends Paid | $643M | $690M | $688M | $685M | $684M | $689M | $666M | $588M | $527M | $672M | $1.23B | $840M | |
| Financing Cash Flow | $-379M | $-274M | $768M | $556M | $-1.31B | $484M | $-113M | $82M | $55M | $-75M | $-1.56B | $-632M | |
| Net Change in Cash | $222M | $-277M | $876M | $236M | $-1.22B | $1.03B | $53M | $134M | $85M | $-377M | $-1.04B | $-602M |
Profitability 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.1% | 59.9% | 61.1% | 62.1% | 62.8% | 61.3% | 61.7% | · | · | · | · | · | |
| Operating Margin | · | · | · | · | · | · | · | · | 34.9% | 32.4% | 34.1% | 33.5% | |
| Net Margin | 8.0% | 0.42% | 5.8% | 27.3% | 17.5% | 31.6% | 17.6% | 21.4% | 17.8% | 20.1% | 23.4% | 18.5% | |
| EBITDA Margin | 26.2% | 26.0% | 25.4% | 24.1% | 24.8% | 24.7% | 22.9% | 23.8% | 58.6% | 59.6% | 59.8% | 59.7% | |
| ROA | 1.1% | 0.05% | 0.76% | 3.6% | 2.2% | 4.0% | 2.5% | 2.9% | 2.4% | 2.8% | 3.0% | 2.2% | |
| ROE | 5.2% | 0.25% | 3.2% | 14.2% | 8.5% | 14.9% | 9.0% | 10.0% | 8.0% | 8.9% | 10.2% | 7.8% |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.1 | · | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | 2.4 | 2.0 | 2.0 | 1.8 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 2.2% | 4.1% | 5.3% | 7.6% | 4.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.9% | 5.7% | 5.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 4.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 1833.3% | -92.6% | -77.6% | 70.3% | -42.8% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -31.4% | -69.5% | -39.8% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -20.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 1839.5% | -92.5% | -77.6% | 68.0% | -42.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -31.2% | -69.5% | -39.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -20.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -1.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.48B | $3.41B | $3.27B | $3.11B | $2.89B | $2.77B | $2.96B | $2.72B | $2.60B | $2.55B | $2.49B | $2.40B | |
| Net Income TTM | $277M | $14M | $190M | $849M | $505M | $873M | $522M | $583M | $462M | $513M | $583M | $444M | |
| Market Cap | $10.70B | $11.76B | $11.01B | $10.59B | $18.03B | $14.72B | $21.34B | $17.38B | $20.07B | $19.34B | $19.59B | $19.70B | |
| Enterprise Value | $9.97B | $11.01B | · | · | · | · | · | · | · | · | · | · | |
| P/E | 38.8 | 826.2 | 58.0 | 12.5 | 36.3 | 17.1 | 41.8 | 30.4 | 44.4 | 38.6 | 34.3 | 45.5 | |
| P/S | 3.1 | 3.5 | 3.4 | 3.4 | 6.2 | 5.3 | 7.2 | 6.4 | 7.7 | 7.6 | 7.9 | 8.2 | |
| P/B | 2.1 | 2.2 | 1.9 | 1.7 | 3.1 | 2.5 | 3.8 | 3.0 | 3.5 | 3.3 | 3.4 | 3.5 | |
| P / Tangible Book | 2.1 | 2.2 | 1.9 | 1.7 | 3.1 | 2.5 | · | · | · | · | · | · | |
| P / Cash Flow | 8.6 | 9.5 | 8.5 | 8.3 | 15.9 | 12.7 | 18.1 | 15.1 | 22.1 | 18.7 | 24.5 | 28.3 | |
| EV / EBITDA | 10.9 | 12.4 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 2.9 | 3.2 | · | · | · | · | · | · | · | · | · | · | |
| Dividend Yield | 6.0% | 5.9% | 6.2% | 6.5% | 3.8% | 4.7% | 3.1% | 3.4% | 2.6% | 3.5% | 6.3% | 4.3% | |
| Earnings Yield | 2.6% | 0.12% | 1.7% | 8.0% | 2.8% | 5.9% | 2.4% | 3.3% | 2.2% | 2.6% | 2.9% | 2.2% | |
| Payout Ratio | 232.3% | 4833.7% | 361.6% | 80.7% | 135.3% | 78.9% | 127.8% | 100.8% | 113.9% | 131.0% | 210.3% | 189.4% | |
| Annual Payout | $643M | $690M | $688M | $685M | $684M | $689M | $666M | $588M | $527M | $672M | $1.23B | $840M |
Income Statement 11
| Metric | Trend | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $896M | $872M | $877M | $872M | $868M | $865M | $859M | $859M | $850M | $839M | $829M | $824M | $817M | $803M | $790M | $791M | |
| Gross Profit | $539M | $506M | $516M | $517M | $514M | $512M | $512M | $511M | $509M | $509M | $502M | $502M | $503M | $491M | $487M | $489M | |
| SG&A Expense | $50M | $59M | $38M | $36M | $43M | $52M | $33M | $33M | $44M | $50M | $39M | $31M | $44M | $56M | $36M | $33M | |
| Operating Expenses | $637M | $644M | $623M | $619M | $612M | $617M | $597M | $598M | $599M | $594M | $567M | $553M | $551M | $569M | $529M | $519M | |
| Interest Expense | $153M | $152M | $163M | $164M | $163M | $163M | $170M | $163M | $150M | $162M | $155M | $148M | $142M | $134M | $120M | $112M | |
| Net Income | $69M | $102M | $248M | $-122M | $89M | $61M | $-229M | $84M | $80M | $80M | $120M | $-112M | $104M | $78M | $122M | $361M | |
| EPS (Basic) | $0.43 | $0.64 | $1.57 | $-0.77 | $0.56 | $0.39 | $-1.46 | $0.53 | $0.51 | $0.51 | $0.75 | $-0.71 | $0.67 | $0.50 | $0.79 | $2.30 | |
| EPS (Diluted) | $0.43 | $0.64 | $1.56 | $-0.77 | $0.56 | $0.39 | $-1.46 | $0.53 | $0.51 | $0.51 | $0.76 | $-0.71 | $0.66 | $0.50 | $0.78 | $2.29 | |
| Shares (Basic) | 159,167,000 | 158,555,000 | -316,529,000 | 158,345,000 | 158,312,000 | 158,202,000 | -314,279,000 | 157,725,000 | 157,039,000 | 156,983,000 | -313,646,000 | 156,880,000 | 156,826,000 | 156,803,000 | -313,398,000 | 156,754,000 | |
| Shares (Diluted) | 159,629,000 | 159,056,000 | -316,903,000 | 158,345,000 | 158,795,000 | 158,632,000 | -314,843,000 | 158,213,000 | 157,291,000 | 157,132,000 | -313,940,000 | 156,880,000 | 157,218,000 | 157,043,000 | -314,192,000 | 157,133,000 | |
| EBITDA | · | $228M | · | · | · | $220M | · | · | · | $219M | · | · | · | $209M | · | · |
Balance Sheet 13
| Metric | Trend | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | $1.48B | $861M | $447M | $398M | $1.25B | $1.42B | $685M | $702M | $1.53B | $883M | $1.58B | $919M | $690M | $376M | |
| Total Assets | · | · | $26.17B | $26.00B | $25.62B | $25.44B | $26.08B | $26.41B | $25.47B | $25.53B | · | $24.74B | $25.34B | $24.63B | · | $23.73B | |
| Short-term Debt | · | · | $750M | $750M | $750M | $500M | $500M | $500M | $500M | · | · | · | · | · | · | · | |
| Total Liabilities | · | · | $18.47B | $18.48B | $17.77B | $17.58B | $18.14B | $18.12B | $17.18B | $17.24B | · | $16.70B | $17.05B | $16.31B | · | $15.33B | |
| Total Debt | · | · | · | $750M | $750M | $500M | · | $500M | $500M | · | · | · | · | · | · | · | |
| Common Stock | · | · | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $2M | |
| Paid-in Capital | · | · | $6.84B | $6.83B | $6.85B | $6.85B | $6.84B | $6.82B | $6.77B | $6.75B | · | $6.57B | $6.56B | $6.55B | · | $6.53B | |
| Retained Earnings | · | · | $-1.67B | $-1.81B | $-1.58B | $-1.51B | $-1.42B | $-1.04B | $-965M | $-890M | · | $-782M | $-517M | $-467M | · | $-360M | |
| Treasury Stock | · | · | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | · | $3M | $3M | $3M | · | $3M | |
| AOCI | · | · | $-13M | $-15M | $-15M | $-11M | $-2M | $-26M | $-155.0K | $-4M | · | $3M | $-3M | $-18M | · | $-16M | |
| Stockholders' Equity | · | · | $5.15B | $5.00B | $5.26B | $5.32B | $5.41B | $5.76B | $5.80B | $5.86B | · | $5.79B | $6.04B | $6.06B | · | $6.16B | |
| Liabilities + Equity | · | · | $26.17B | $26.00B | $25.62B | $25.44B | $26.08B | $26.41B | $25.47B | $25.53B | · | $24.74B | $25.34B | $24.63B | · | $23.73B | |
| Shares Outstanding | · | · | 158,548,298 | 158,400,414 | 158,366,277 | 158,323,327 | 158,174,995 | 157,979,898 | 157,097,841 | 157,049,171 | 156,941,000 | 156,939,180 | 156,853,400 | 156,829,793 | 156,758,000 | 156,754,712 |
Cash Flow 8
| Metric | Trend | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $237M | $228M | $232M | $236M | $224M | $220M | $226M | $223M | $220M | $219M | $212M | $207M | $203M | $209M | $198M | $191M | |
| Stock-based Comp | $16M | $25M | $5M | $5M | $12M | $23M | $4M | $4M | $16M | $19M | $5M | $5M | $15M | $26M | $8M | $8M | |
| Other Non-cash | · | $-198M | · | · | · | $-94M | · | · | · | $-120M | · | · | · | $-79M | · | · | |
| Operating Cash Flow | $446M | $156M | $408M | $274M | $353M | $210M | $384M | $286M | $367M | $198M | $387M | $301M | $379M | $234M | $370M | $296M | |
| Investing Cash Flow | $-355M | $6M | $344M | $-376M | $-303M | $-309M | $-387M | $-297M | $-267M | $-287M | $-318M | $-321M | $-269M | $-286M | $-290M | $-333M | |
| Dividends Paid | $125M | $124M | $123M | $173M | $173M | $173M | $173M | $173M | $173M | $172M | $173M | $172M | $172M | $171M | $172M | $172M | |
| Financing Cash Flow | $-119M | $-1.14B | $-133M | $512M | $-1M | $-757M | $-133M | $745M | $-129M | $-757M | $613M | $-679M | $554M | $279M | $208M | $-17M | |
| Net Change in Cash | $-28M | $-976M | $619M | $411M | $49M | $-856M | $-136M | $734M | $-29M | $-846M | $682M | $-698M | $664M | $227M | $288M | $-54M |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.1% | 58.0% | · | 59.3% | 59.2% | 59.2% | · | 59.5% | 59.8% | 60.6% | · | 60.9% | 61.6% | 61.1% | · | 61.9% | |
| Net Margin | 7.6% | 11.7% | · | -14.0% | 10.2% | 7.1% | · | 9.7% | 9.4% | 9.5% | · | -13.6% | 12.8% | 9.7% | · | 45.7% | |
| EBITDA Margin | · | 26.1% | · | · | · | 25.4% | · | · | · | 26.1% | · | · | · | 26.0% | · | · | |
| ROA | · | · | · | -0.46% | 0.35% | 0.24% | · | 0.33% | 0.31% | 0.32% | · | -0.46% | 0.43% | 0.33% | · | 1.6% | |
| ROE | · | · | · | -2.3% | 1.6% | 1.1% | · | 1.5% | 1.3% | 1.3% | · | -1.9% | 1.7% | 1.3% | · | 6.1% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | · | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | · | · | · | · | · | · | · |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.51B | $3.48B | · | $3.46B | $3.44B | $3.41B | · | $3.37B | $3.33B | $3.28B | · | $3.24B | $3.18B | $3.12B | · | $3.05B | |
| Net Income TTM | $137M | $130M | · | $112M | $313M | $304M | · | $131M | $152M | $150M | · | $431M | $766M | $805M | · | $835M | |
| Market Cap | · | · | · | $11.78B | $10.68B | $10.64B | · | $12.71B | $9.67B | $10.26B | · | $9.33B | $9.03B | $8.49B | · | $11.75B | |
| Enterprise Value | · | · | · | $11.66B | $10.99B | $10.74B | · | $11.79B | $9.49B | · | · | · | · | · | · | · | |
| P/E | 77.1 | 63.3 | · | 104.7 | 33.9 | 34.6 | · | 95.8 | 63.5 | 68.0 | · | 21.7 | 11.8 | 10.6 | · | 14.1 | |
| P/S | · | · | · | 3.4 | 3.1 | 3.1 | · | 3.8 | 2.9 | 3.1 | · | 2.9 | 2.8 | 2.7 | · | 3.9 | |
| P/B | · | · | · | 2.4 | 2.0 | 2.0 | · | 2.2 | 1.7 | 1.8 | · | 1.6 | 1.5 | 1.4 | · | 1.9 | |
| P / Tangible Book | · | · | · | 2.4 | 2.0 | 2.0 | · | 2.2 | 1.7 | 1.8 | · | 1.6 | 1.5 | 1.4 | · | 1.9 | |
| P / Cash Flow | · | · | · | · | · | 50.6 | · | · | · | 51.9 | · | · | · | 36.3 | · | · | |
| EV / EBITDA | · | · | · | · | · | 48.8 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | · | · | · | 3.4 | 3.2 | 3.1 | · | 3.5 | 2.8 | · | · | · | · | · | · | · | |
| Earnings Yield | 1.3% | 1.6% | · | 0.96% | 2.9% | 2.9% | · | 1.0% | 1.6% | 1.5% | · | 4.6% | 8.5% | 9.5% | · | 7.1% | |
| Payout Ratio | · | 122.2% | · | · | · | 283.0% | · | · | · | 215.1% | · | · | · | 219.9% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-06-30 | 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Revenue | — | — | $3.48B | $3.41B | $3.27B |
| Gross Margin % | — | — | 59.1% | 59.9% | 61.1% |
| Net Income | — | — | $277M | $14M | $190M |
| Diluted EPS | — | — | $1.74 | $0.09 | $1.21 |
Balance Sheet
| 2026-06-30 | 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.1 | 0.1 | — |
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Institutional owners (13F) 606 filers · $6.1B 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 |
|---|---|---|---|---|
| 83 (+10 vs prior Q) | 57 (-76 vs prior Q) | 202 (+40 vs prior Q) | 171 (-53 vs prior Q) | +30.6M |
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 |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $859,635,944 | 12,963,896 | 14.13% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $666,578,490 | 10,052,458 | 10.95% | Shares |
| STATE STREET CORP | $659,640,140 | 9,845,148 | 10.84% | Shares |
| APG Asset Management US Inc. | $489,913,609 | 7,230,130 | 8.05% | Shares |
| NORGES BANK | $429,776,727 | 6,481,326 | 7.06% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $257,246,305 | 3,886,650 | 4.23% | Shares |
| Daiwa Securities Group Inc. | $256,930,429 | 3,874,686 | 4.22% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $177,185,161 | 2,672,073 | 2.91% | Shares |
| EARNEST PARTNERS LLC | $167,808,595 | 2,530,668 | 2.76% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $143,883,301 | 2,169,859 | 2.36% | Shares |
| CITADEL ADVISORS LLC | $113,059,279 | 1,705,011 | 1.86% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $55,857,687 | 842,372 | 0.92% | Shares |
| MILLENNIUM MANAGEMENT LLC | $47,855,131 | 721,688 | 0.79% | Shares |
| STRS OHIO | $47,432,339 | 715,312 | 0.78% | Shares |
| State of Tennessee, Department of Treasury | $46,107,465 | 695,332 | 0.76% | Shares |
| Divco West Real Estate Services, LLC | $45,126,607 | 680,540 | 0.74% | Shares |
| Woodline Partners LP | $42,264,204 | 637,373 | 0.69% | Shares |
| BlackRock, Inc. | $40,714,937 | 614,009 | 0.67% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $40,551,814 | 611,549 | 0.67% | Shares |
| BANK OF AMERICA CORP /DE/ | $38,934,315 | 587,156 | 0.64% | Shares |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | $30,700,933 | 462,991 | 0.50% | Shares |
| Heitman Real Estate Securities LLC | $29,884,259 | 450,675 | 0.49% | Shares |
| BARCLAYS PLC | $29,823,651 | 449,761 | 0.49% | Shares |
| Hudson Bay Capital Management LP | $28,903,667 | 435,887 | 0.48% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $28,746,303 | 433,514 | 0.47% | Shares |
| Gotham Asset Management, LLC | $28,111,395 | 423,939 | 0.46% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $25,535,649 | 385,095 | 0.42% | Shares |
| CAUSEWAY CAPITAL MANAGEMENT LLC | $25,097,031 | 378,480 | 0.41% | Shares |
| AMERIPRISE FINANCIAL INC | $24,537,281 | 369,728 | 0.40% | Shares |
| FIRST MANHATTAN CO. LLC. | $23,479,509 | 354,087 | 0.39% | Shares |
| California Public Employees Retirement System | $22,339,574 | 336,896 | 0.37% | Shares |
| GOLDMAN SACHS GROUP INC | $21,652,547 | 326,535 | 0.36% | Shares |
| Fisher Asset Management, LLC | $21,302,238 | 321,252 | 0.35% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $20,817,892 | 313,948 | 0.34% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $20,801,447 | 313,700 | 0.34% | Call option |
| BAMCO INC /NY/ | $20,724,859 | 312,545 | 0.34% | Shares |
| Vanguard Global Advisers, LLC | $20,461,608 | 308,575 | 0.34% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $20,246,011 | 300,386 | 0.33% | Shares |
| Swiss National Bank | $20,052,144 | 302,400 | 0.33% | Shares |
| Woodbridge Co Ltd | $19,896,514 | 300,053 | 0.33% | Shares |
| Pacific Heights Asset Management LLC | $19,893,000 | 300,000 | 0.33% | Shares |
| RHUMBLINE ADVISERS | $19,484,644 | 293,843 | 0.32% | Shares |
| Quantinno Capital Management LP | $18,889,103 | 284,860 | 0.31% | Shares |
| Amundi | $17,804,699 | 268,507 | 0.29% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $17,800,721 | 268,447 | 0.29% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $16,200,859 | 244,320 | 0.27% | Shares |
| CHILTON CAPITAL MANAGEMENT LLC | $15,496,965 | 231,659 | 0.25% | Shares |
| Davis Selected Advisers | $15,387,236 | 232,050 | 0.25% | Shares |
| Allianz Asset Management GmbH | $15,247,321 | 229,940 | 0.25% | Shares |
| J. Goldman & Co LP | $15,145,204 | 228,400 | 0.25% | Call option |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $15,074,893 | 227,373 | 0.25% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $15,014,971 | 226,436 | 0.25% | Shares |
| Caption Management, LLC | $14,614,724 | 220,400 | 0.24% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,402,532 | 217,200 | 0.24% | Put option |
| WELLS FARGO & COMPANY/MN | $13,903,085 | 209,668 | 0.23% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $13,816,617 | 208,364 | 0.23% | Shares |
| First Eagle Investment Management, LLC | $13,765,040 | 207,586 | 0.23% | Shares |
| ALLIANCEBERNSTEIN L.P. | $12,763,092 | 245,917 | 0.21% | Shares |
| Cander Asset Management LP | $12,713,086 | 191,722 | 0.21% | Shares |
| MIZUHO MARKETS AMERICAS LLC | $12,377,756 | 186,665 | 0.20% | Shares |
| Asset Management One Co., Ltd. | $11,220,053 | 216,186 | 0.18% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $10,977,156 | 165,543 | 0.18% | Shares |
| PRUDENTIAL FINANCIAL INC | $10,837,640 | 163,439 | 0.18% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $10,809,557 | 163,016 | 0.18% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $10,719,012 | 161,650 | 0.18% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $10,579,495 | 159,546 | 0.17% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $10,014,335 | 151,023 | 0.16% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $9,912,682 | 149,490 | 0.16% | Shares |
| Vanguard Investments Australia, Ltd. | $9,549,104 | 144,007 | 0.16% | Shares |
| Apollo Management Holdings, L.P. | $9,310,587 | 140,410 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $9,213,340 | 177,521 | 0.15% | Shares |
| Nuveen Asset Management, LLC | $9,092,666 | 122,279 | 0.15% | Shares |
| AXA Investment Managers S.A. | $8,791,523 | 118,261 | 0.14% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $8,632,501 | 130,184 | 0.14% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $8,165,281 | 123,138 | 0.13% | Shares |
| State of New Jersey Common Pension Fund D | $8,150,295 | 122,912 | 0.13% | Shares |
| WHITTIER TRUST CO | $8,120,019 | 116,050 | 0.13% | Shares |
| NAN FUNG TRINITY (HK) LTD | $8,084,780 | 121,924 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $8,046,785 | 121,351 | 0.13% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $8,007,662 | 120,761 | 0.13% | Shares |
| CI INVESTMENTS INC. | $7,793,613 | 117,533 | 0.13% | Shares |
| Retirement Systems of Alabama | $7,518,559 | 113,385 | 0.12% | Shares |
| MACQUARIE GROUP LTD | $7,479,238 | 112,792 | 0.12% | Shares |
| Birch Hill Investment Advisors LLC | $7,354,840 | 110,916 | 0.12% | Shares |
| CITADEL ADVISORS LLC | $7,353,779 | 110,900 | 0.12% | Call option |
| Robeco Institutional Asset Management B.V. | $7,296,686 | 110,039 | 0.12% | Shares |
| Walleye Trading LLC | $6,836,561 | 103,100 | 0.11% | Call option |
| Altrius Capital Management Inc | $6,786,302 | 102,342 | 0.11% | Shares |
| CITADEL ADVISORS LLC | $6,717,203 | 101,300 | 0.11% | Put option |
| RAYMOND JAMES FINANCIAL INC | $6,700,053 | 101,041 | 0.11% | Shares |
| Squarepoint Ops LLC | $6,214,507 | 93,719 | 0.10% | Shares |
| J. Goldman & Co LP | $6,199,985 | 93,500 | 0.10% | Put option |
| FIRST TRUST ADVISORS LP | $6,186,309 | 93,294 | 0.10% | Shares |
| WOLVERINE TRADING, LLC | $5,954,230 | 79,000 | 0.10% | Put option |
| Zimmer Partners, LP | $5,802,125 | 87,500 | 0.10% | Shares |
| Focus Partners Wealth | $5,717,674 | 86,226 | 0.09% | Shares |
| Bragg Financial Advisors, Inc | $5,685,608 | 85,743 | 0.09% | Shares |
| Adelante Capital Management LLC | $5,571,000 | 84,018 | 0.09% | Shares |
| NewSquare Capital LLC | $5,521,700 | 83,271 | 0.09% | Shares |
| KESTRA PRIVATE WEALTH SERVICES, LLC | $5,347,907 | 80,650 | 0.09% | Shares |
Company insiders 47 insiders · 4 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael E Labelle | EVP and CFO | June 9, 2026 S | 5,839 | 0 | 1 | $-1,194,177 |
| Douglas T Linde | President | Feb. 13, 2026 A | 180,763 | 0 | 0 | $0 |
| Raymond A Ritchey | Senior EVP | Feb. 13, 2026 A | 0 | 0 | 1 | $-2,621,145 |
| Bryan J Koop | Executive Vice President | Feb. 13, 2026 A | 9,752 | 0 | 0 | $0 |
| Tony West | Director | June 30, 2026 A | 7,691 | 0 | 0 | $0 |
| Mary E Kipp | Director | June 30, 2026 A | — | 0 | 0 | $0 |
| Julie Richardson | Director | June 30, 2026 A | — | 0 | 0 | $0 |
| Matthew J Lustig | Director | June 30, 2026 A | 10,000 | 0 | 0 | $0 |
| Joel Klein | Director | June 30, 2026 A | 0 | 0 | 0 | $0 |
| Bruce W Duncan | Director | June 30, 2026 A | 21,000 | 0 | 0 | $0 |
| William H Walton III | Director | June 30, 2026 A | — | 0 | 0 | $0 |
| Diane J Hoskins | Director | May 29, 2026 A | 18,929 | 0 | 0 | $0 |
| Timothy J Naughton | Director | May 29, 2026 A | 8,601 | 0 | 0 | $0 |
| Owen D Thomas | — | Feb. 13, 2026 A | 0 | 0 | 1 | $-73,342 |
| Rodney Diehl | — | Jan. 30, 2026 A | — | 0 | 0 | $0 |
| John J Stroman | — | Aug. 7, 2025 C | 16,838 | 0 | 0 | $0 |
| Carol B. Einiger | — | March 31, 2025 A | 10,000 | 0 | 0 | $0 |
| Donna D Garesche | — | March 5, 2025 S | 0 | 0 | 0 | $0 |
| Eric G Kevorkian | — | Feb. 10, 2025 A | 708 | 0 | 0 | $0 |
| Michael R. Walsh | — | Feb. 10, 2025 A | — | 0 | 0 | $0 |
| Hilary J. Spann | — | Feb. 4, 2025 S | 7,271 | 0 | 0 | $0 |
| Peter V Otteni | — | Feb. 4, 2025 A | 0 | 0 | 0 | $0 |
| Kelly Ayotte | — | March 31, 2024 A | — | 0 | 0 | $0 |
| Robert E Pester | — | Feb. 12, 2024 A | 36,453 | 0 | 0 | $0 |
| David A Twardock | — | March 31, 2023 A | 10,399 | 0 | 0 | $0 |
| Frank D Burt | — | Feb. 1, 2022 A | 0 | 0 | 0 | $0 |
| Karen E Dykstra | — | May 27, 2021 A | 8,219 | 0 | 0 | $0 |
| John Francis Powers | — | April 1, 2021 J | 0 | 0 | 0 | $0 |
| Peter D Johnston | — | Feb. 12, 2021 A | 17,917 | 0 | 0 | $0 |
| Martin Turchin | — | March 31, 2019 A | 2,857 | 0 | 0 | $0 |
| Jacob A Frenkel | — | May 31, 2018 A | 1,013 | 0 | 0 | $0 |
| Alan J Patricof | — | March 31, 2018 A | 0 | 0 | 0 | $0 |
| Ivan G Seidenberg | — | April 29, 2016 A | 9,038 | 0 | 0 | $0 |
| Lori W Silverstein | — | Feb. 22, 2016 A | 447 | 0 | 0 | $0 |
| Mortimer B Zuckerman | — | Feb. 22, 2016 A | 740,845 | 0 | 0 | $0 |
| BUDINGER ZOE BAIRD | — | April 30, 2014 A | 1,834 | 0 | 0 | $0 |
| Robert E Selsam | — | May 17, 2013 S | 19,589 | 0 | 0 | $0 |
| Arthur Flashman | — | Feb. 1, 2013 A | 1,402 | 0 | 0 | $0 |
| Lawrence S Bacow | — | Aug. 20, 2012 C | 0 | 0 | 0 | $0 |
| Mitchell E Norville | — | Feb. 13, 2012 A | 17,166 | 0 | 0 | $0 |
| Mitchell S Landis | — | June 30, 2011 G | 28,387 | 0 | 0 | $0 |
| Frederick J Iseman | — | Sept. 30, 2010 A | — | 0 | 0 | $0 |
| Richard E Salomon | — | April 30, 2010 A | 1,834 | 0 | 0 | $0 |
| Edward H Linde | — | Nov. 27, 2009 G | 386,503 | 0 | 0 | $0 |
| William M Daley | — | April 30, 2007 A | 2,117 | 0 | 0 | $0 |
| Alan B Landis | — | April 29, 2005 A | 0 | 0 | 0 | $0 |
| Robert Edwin Burke | — | Jan. 28, 2005 A | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 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 |
|---|---|---|---|---|---|
| Edward H. Linde ×4 filings | Sept. 23, 2009 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Feb. 13, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | March 5, 2001 | — | Initial filing | Passive investment | 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 127 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 |
|---|---|---|---|---|
| RSPR · Invesco Exchange-Traded Fund Trust | 3.46% | 49,660 | Aug. 8, 2026 | Daily |
| SPHD · Invesco Exchange-Traded Fund Trust … | 1.94% | 953,077 | Aug. 8, 2026 | Daily |
| ICAP · Series Portfolios Trust | 1.74% | 31,570 NS | May 31, 2026 | N-PORT |
| SPDV · ETF Series Solutions | 1.61% | 24,843 NS | April 30, 2026 | N-PORT |
| PSR · Invesco Actively Managed Exchange-T… | 1.56% | 13,443 | Aug. 8, 2026 | Daily |
| REIT · ALPS ETF Trust | 1.54% | 13,443 NS | May 31, 2026 | N-PORT |
| ICF · iShares Trust | 1.47% | 447,869 SH | Aug. 8, 2026 | Daily |
| BLDG · Cambria ETF Trust | 1.41% | 12,353 NS | April 30, 2026 | N-PORT |
| PPTY · ETF Series Solutions | 1.26% | 5,158 NS | May 31, 2026 | N-PORT |
| DIVD · EA Series Trust | 1.20% | 3,577 NS | April 30, 2026 | N-PORT |
| EPSB · Harbor ETF Trust | 1.11% | 884 NS | April 30, 2026 | N-PORT |
| EPMB · Harbor ETF Trust | 1.03% | 793 NS | April 30, 2026 | N-PORT |
| EPMV · Harbor ETF Trust | 0.93% | 708 NS | April 30, 2026 | N-PORT |
| USRT · iShares Trust | 0.89% | 595,603 SH | Aug. 8, 2026 | Daily |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 0.80% | 164,090 NS | May 31, 2026 | N-PORT |
| VGSR · Manager Directed Portfolios | 0.79% | 69,856 NS | March 31, 2026 | N-PORT |
| IYR · iShares Trust | 0.74% | 487,186 SH | Aug. 8, 2026 | Daily |
| ERET · iShares Trust | 0.72% | 1,477 SH | Aug. 8, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 0.69% | 197,734 NS | April 30, 2026 | N-PORT |
| RDIV · Invesco Exchange-Traded Fund Trust … | 0.68% | 134,826 | Aug. 8, 2026 | Daily |
| URE · ProShares Trust | 0.65% | 6,078 NS | May 31, 2026 | N-PORT |
| SCHH · SCHWAB STRATEGIC TRUST | 0.63% | 1,043,098 NS | May 31, 2026 | N-PORT |
| FEGE · RBB Fund Trust | 0.60% | 195,000 NS | May 31, 2026 | N-PORT |
| DRN · Direxion Shares ETF Trust | 0.60% | 4,822 NS | April 30, 2026 | N-PORT |
| REET · iShares Trust | 0.59% | 433,907 SH | Aug. 8, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 0.57% | 141,593 NS | April 30, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.52% | 5,661,336 SH | Aug. 8, 2026 | Daily |
| IQRA · New York Life Investments Active ET… | 0.51% | 601 NS | April 30, 2026 | N-PORT |
| BSCQ · Invesco Exchange-Traded Self-Indexe… | 0.50% | 17,713,000 | Aug. 8, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 0.45% | 270,308 NS | April 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.36% | 19,275 NS | April 30, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.32% | 11,695 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.23% | 52,465 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.23% | 2,322,353 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.22% | 23,477 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.22% | 91,066 SH | Aug. 8, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 2,832,445 | Aug. 8, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.19% | 5,824,000 | Aug. 8, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.19% | 76,432 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.19% | 18,997 SH | Aug. 8, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.17% | 7,697,000 | Aug. 8, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 58,506 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.16% | 398,389 NS | May 31, 2026 | N-PORT |
| VCSH · VANGUARD SCOTTSDALE FUNDS | 0.16% | 79,468,000 PA | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.16% | 6,603 SH | Aug. 8, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.15% | 18,428 | Aug. 8, 2026 | Daily |
| CAPE · DoubleLine ETF Trust | 0.15% | 7,625 NS | March 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.14% | 78,987 SH | Aug. 8, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.14% | 170,000 | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.13% | 18,898 SH | Aug. 8, 2026 | Daily |