CHRW C.H. Robinson Worldwide, Inc. - Common Stock
About C.H. Robinson Worldwide, Inc. - Common Stock Company overview from Wikipedia
C.H. Robinson Worldwide, Inc. is an American transportation company that includes third-party logistics (3PL). The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.
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C.H. Robinson Worldwide, Inc. is an American transportation company that includes third-party logistics (3PL). The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.
Company overview
C.H. Robinson is a global third-party logistics company that provides freight transportation and supply chain management services. The company is headquartered in Eden Prairie, Minnesota, and operates a network of offices across North America, Europe, Asia, and South America.
C.H. Robinson provides services including freight brokerage, transportation management, supply chain analysis, freight consolidation, core carrier program management, and information reporting, and works with a large network of contract carriers across multiple transportation modes.
History
Origins and early history
In the early 1900s, Charles Henry Robinson owned a small wholesale brokerage house that provided produce throughout North Dakota and Minnesota. He partnered with the Nash brothers on April 11, 1905, and became the company's first president. Nash Finch Company was the leading wholesaler in the region, owning and operating grocery stores. Following Charles Henry Robinson's death in 1909, the Nash Brothers assumed control of the C.H. Robinson Company.
C.H. Robinson became the procurement arm for the Nash Finch Company as it expanded in Iowa, Minnesota, Wisconsin, Illinois, and Texas. In the 1940s, the FTC found Nash Finch Company to have a "price advantage," and under the Robinson-Patman Act of 1936, C.H. Robinson Co. was split into two companies.
The first, C.H. Robinson Co., was formed by the offices that sold produce to Nash Finch's warehouses, and ownership was retained by C.H. Robinson employees. The second company, C.H. Robinson, Inc., remained owned by Nash Finch.
Expansion into logistics and trucking
C.H. Robinson's entrance into the trucking business came after the Federal Highway Act of 1956 and expanded U.S. interstate commerce. C.H. Robinson and other shippers had previously relied on trains to transport goods. In 1968, the firm entered the regulated truck business as a contract carrier named Meat Packers Express based in Omaha, Nebraska. Robco Transportation Inc. was formed by merging Meat Packers Express with additional carriers three years later and was sold in 1986.
In the mid-1960s, C.H. Robinson Co. and C.H. Robinson, Inc., consolidated their operations under the name C.H. Robinson Co. Nash Finch still held a 25% stake in the brokerage company, with C.H. Robinson employees owning the remainder. By 1976, the Nash Finch shares had been bought out and the company was 100% employee owned. C.H. Robinson focused on using emerging technology, and adopted IBM mainframes in 1979.
The Motor Carrier Act of 1980 deregulated transportation industries in America and increased competition for logistics providers and shippers. C.H. Robinson created a contract carrier program, expanded its freight contract operations, and established itself as a middleman sourcing operation for shippable goods.
The company's average annual growth, measured in truckloads, more than doubled and C.H. Robinson posted more than $700 million in sales within five years. Forty per cent was generated by truck brokerage, with the remainder of revenue coming from produce sales.
Renaming and IPO
The company renamed itself C.H. Robinson Worldwide, Inc., in 1997 and had an IPO that raised $190 million for the 101 employees who sold their shares. The initial market value totaled $743 million, and the firm began trading on NASDAQ under the symbol CHRW. Gross revenues for 1997 reached $1.79 billion, while net revenues amounted to $206 million, a 15.1% increase over the previous year. In January 2023, Bob Biesterfeld stepped down as president and CEO; the company announced Scott Anderson as interim CEO.
On June 6, 2023, C.H. Robinson Worldwide, Inc. announced that its board of directors had appointed Dave Bozeman as chief executive officer and member of the board, effective June 26, 2023.
Outreach
The company's work with nonprofits and other charity and community causes has been acknowledged, including selection as a finalist for the Minnesota Business Magazine 2015 Long-Term Achievement Award for "demonstrating a long-term commitment to positively impacting the state's community of nonprofits or other worthy causes."
Adoption of Artificial Intelligence
In recent years, independent reporting and industry analysis have described the company's increased use of data analytics and artificial intelligence to support supply chain visibility, pricing, automation, and operational decision-making. Coverage by the Star Tribune has examined how AI is influencing C.H. Robinson's operations and leadership strategy within the logistics industry, while FreightWaves has reported on the company's use of AI-enabled tools to assist with freight pricing, shipment execution, and workflow automation. The Wall Street Journal has also reported on the company's use of machine learning and generative AI to automate routine logistics processes during a prolonged freight market downturn.
Additional coverage in Yahoo Finance has cited C.H. Robinson as an example of how artificial intelligence is being adopted across industrial and logistics companies, while industry analysts at Gartner have identified the company as a participant in the market for real-time transportation visibility and logistics technology platforms. Financial publications such as Barron's have also discussed the company's AI initiatives in the context of broader operational and market trends in the logistics sector.
Acquisitions
Beginning in 1989, C.H. Robinson began expanding its international logistics operations with the opening of its Monterrey, Mexico office. It acquired C.S. Greene International in 1992 to add international freight forwarding, air freight operations, and refrigerated containers. In 1993, C.H. Robinson bought a 30% stake in Transeco, a major French motor carrier, and eventually bought the entire company. C.H. Robinson added to its operations by purchasing companies including Daystar International, a distributor of fruit juice, and FoodSource. It also became an exclusive marketer for Tropicana, Motts, Glory and Welch's.
The company continued expanding its logistics services by purchasing regional logistics firms like the Chicago-based American Backhaulers, Inc. for $136 million in 1999, and acquired the Minnesota-based Trans-Consolidated Inc.
At the end of the 1990s, the company began making acquisitions to expand its shipping and logistics services in international markets. These acquisitions included: Preferred Translocation Systems; the Argentina-based Comexter Group; the Western European transportation provider Norminter; New York-based Vertex Transportation Inc.; Smith Terminal International Services, one of the largest third-party logistics providers in Florida; the Germany-based international freight logistics provider Frank M. Viet GmbH Internationale Spedition; Dalian Decheng Shipping Agency Co.; FoodSource Procurement LLC; Apreo Logistics S.A.; and other major European, Indian, Chinese, and North American logistics providers.
In 2012, C.H Robinson purchased Phoenix International for $635 million and doubled its ocean freight capacity. The company also acquired the Polish shipping firm Apreo Logistics S.A., which provides trucking, air, and ocean shipping services throughout Europe.
The company launched a technology-enabled platform called Navisphere in 2012. The service provides facilities to C.H. Robinson employees, customers, and service providers to manage supply chain logistics, transportation, and sourcing activities on a global scale.
TMC, a division of C.H. Robinson, provides support for C.H. Robinson's network through its Managed TMS, a combination of global transportation management system (TMS) software, and logistics management.
In 2015, the company connected its shipping and logistics services to expand into less-than-truckload markets; it acquired the company Freightquote, a privately owned online transportation broker.
C.H. Robinson acquired Prime Distribution Services on January 28, 2020, for $225 million. This purchase moved the company into warehouse management with a total of 2.6 million square feet of warehouse space.
Litigation
Miller v. C.H. Robinson Worldwide was filed in 2017 when Allen Miller became a quadriplegic after a truck driver contracted by Robinson had a collision in 2016. Plaintiff argued that it was Robinson's duty to select competent contractors and alleged that the brokerage knew or should have known about the driver’s past safety violations. A U.S. district court ruled for Robinson, citing the Federal Aviation Administration Authorization Act. The U.S. Court of Appeals reversed that decision, finding that there was a safety exception which applied to the federal law. The U.S. Supreme Court in 2022 refused to hear the case and Robinson Worldwide settled with plaintiff.
Montgomery v. Caribe Transport II, LLC (also known as Montgomery v. C.H. Robinson Worldwide) is a landmark Supreme Court case that decided if freight brokers can be sued for negligent hiring following truck accidents. The case was filed after Shawn Montgomery was severely injured when his tractor-trailer was struck by a truck driven for a motor carrier contracted by Robinson. Oral arguments were heard on March 4, 2026. A defense attorney was quoted, "This is an industry defining issue and will re-shape the logistics industry." On May 14, 2026, the Supreme Court ruled unanimously with Justice Barrett writing that negligent-hiring claims against freight brokers are not preempted by the Federal Aviation Administration Authorization Act (FAAAA) because "States retain authority to regulate safety 'with respect to motor vehicles' under the law" and that even if the FAAAA somehow preempted the negligent hiring claim, the claim would fall under the law's safety exception. This decision allowed Montgomery's lawsuit against C.H. Robinson to proceed.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CHRW Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
CHRW Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 5, 2026 | $0.6300 |
| March 6, 2026 | $0.6300 |
| Dec. 5, 2025 | $0.6300 |
| Sept. 5, 2025 | $0.6200 |
| June 6, 2025 | $0.6200 |
| March 7, 2025 | $0.6200 |
| Dec. 6, 2024 | $0.6200 |
| Sept. 6, 2024 | $0.6200 |
| June 7, 2024 | $0.6100 |
| Feb. 29, 2024 | $0.6100 |
| Nov. 30, 2023 | $0.6100 |
| Aug. 31, 2023 | $0.6100 |
| June 1, 2023 | $0.6100 |
| March 2, 2023 | $0.6100 |
| Dec. 1, 2022 | $0.6100 |
| Sept. 1, 2022 | $0.5500 |
| June 2, 2022 | $0.5500 |
| March 3, 2022 | $0.5500 |
| Dec. 14, 2021 | $0.5500 |
| Sept. 2, 2021 | $0.5100 |
CHRW Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 8 25.0%
- Buy 15 46.9%
- Hold 8 25.0%
- Sell 1 3.1%
- Strong Sell 0 0.0%
12-Month Price Target
25 analysts · 2026-08-22Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.61 | $1.55 | 0.06% |
| March 31, 2026 | $1.35 | $1.26 | 0.09% |
| Dec. 31, 2025 | $1.23 | $1.14 | 0.09% |
| Sept. 30, 2025 | $1.40 | $1.33 | 0.07% |
| June 30, 2025 | $1.29 | $1.18 | 0.11% |
| March 31, 2025 | $1.17 | $1.07 | 0.10% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CHRW | $19.04B | 33.3 | -8.4% | 3.6% | 32.4% | — |
| UPS | — | 15.1 | -2.6% | 6.3% | 33.8% | — |
| FDX | — | 17.9 | 7.7% | 4.7% | 14.8% | — |
| EXPD | $19.95B | 25.0 | 4.4% | 7.3% | 35.4% | — |
| GXO | $6.03B | 188.0 | 12.6% | 0.24% | 1.1% | — |
| HUBG | — | 26.2 | -6.1% | 2.6% | 6.3% | — |
| FWRD | $783M | -7.1 | 0.84% | -4.3% | -68.4% | — |
| AIRTP | $52M | 0.7 | 12.1% | 23.8% | 203.6% | — |
| AIRT | $46M | -7.6 | 1.8% | -2.1% | -790.2% | — |
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 | $16.23B | $17.72B | $17.60B | $24.70B | $23.10B | $16.21B | $15.31B | $16.63B | $14.87B | $13.14B | $13.48B | $13.47B | |
| Cost of Revenue | · | · | · | · | · | · | · | · | $1.24B | $1.32B | $1.37B | $1.42B | |
| Operating Expenses | $15.44B | $17.06B | $17.08B | $23.43B | $22.02B | $15.53B | $14.52B | $15.72B | $14.09B | $12.31B | $12.62B | $12.72B | |
| Operating Income | $795M | $669M | $515M | $1.27B | $1.08B | $673M | $790M | $912M | $775M | $838M | $858M | $748M | |
| Pretax Income | $722M | $579M | $409M | $1.17B | $1.02B | $628M | $742M | $880M | $728M | $812M | $823M | $723M | |
| Income Tax | $135M | $114M | $84M | $226M | $178M | $122M | $165M | $216M | $224M | $299M | $313M | $274M | |
| Net Income | $587M | $466M | $325M | $941M | $844M | $506M | $577M | $665M | $505M | $513M | $510M | $450M | |
| EPS (Basic) | $4.88 | $3.89 | $2.74 | $7.48 | $6.37 | $3.74 | $4.21 | $4.78 | $3.59 | $3.60 | $3.52 | $3.06 | |
| EPS (Diluted) | $4.83 | $3.86 | $2.72 | $7.40 | $6.31 | $3.72 | $4.19 | $4.73 | $3.57 | $3.59 | $3.51 | $3.05 | |
| Shares (Basic) | 120,242,000 | 119,805,000 | 118,551,000 | 125,743,000 | 132,482,000 | 135,532,000 | 136,955,000 | 139,010,000 | 140,610,000 | 142,706,000 | 144,967,000 | 147,202,000 | |
| Shares (Diluted) | 121,502,000 | 120,679,000 | 119,677,000 | 127,150,000 | 133,834,000 | 136,173,000 | 137,735,000 | 140,405,000 | 141,382,000 | 142,991,000 | 145,349,000 | 147,542,000 | |
| EBITDA | $795M | $669M | $515M | $1.27B | $1.08B | $673M | $790M | $912M | $775M | $838M | $858M | $748M |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $161M | $146M | $146M | $217M | $257M | $244M | $448M | $379M | $334M | $248M | $168M | $129M | |
| Receivables | $2.36B | $2.38B | $2.38B | $2.99B | $3.96B | $2.45B | $1.97B | $2.16B | $2.11B | $1.71B | $1.51B | $1.57B | |
| Prepaid Expense | $120M | $102M | $163M | $122M | $130M | $51M | $85M | $52M | $63M | $49M | $40M | $38M | |
| Current Assets | $2.80B | $2.97B | $2.88B | $3.59B | $4.80B | $2.94B | $2.64B | $2.75B | $2.51B | $2.01B | $1.73B | $2.11B | |
| PP&E (Net) | $116M | $127M | $145M | $159M | $140M | $179M | $208M | $228M | $230M | $233M | $191M | $152M | |
| PP&E (Gross) | $353M | $404M | $437M | $450M | $442M | $479M | $490M | $499M | $498M | $450M | $379M | $314M | |
| Accum. Depreciation | $237M | $277M | $293M | $290M | $302M | $300M | $282M | $271M | $268M | $217M | $188M | $161M | |
| Goodwill | $1.46B | $1.43B | $1.47B | $1.47B | $1.48B | $1.49B | $1.29B | $1.26B | $1.28B | $1.23B | $1.11B | $825M | |
| Intangibles | $18M | $28M | $44M | $64M | $90M | $114M | $91M | $109M | $152M | $168M | $120M | $98M | |
| Other Non-current Assets | $96M | $108M | $114M | $117M | $92M | $84M | $85M | $68M | $60M | $44M | $34M | $33M | |
| Total Assets | $5.06B | $5.30B | $5.23B | $5.95B | $7.03B | $5.14B | $4.64B | $4.43B | $4.24B | $3.69B | $3.18B | $3.21B | |
| Accounts Payable | $1.21B | $1.18B | $1.30B | $1.47B | $1.81B | $1.20B | $985M | $971M | $1.00B | $840M | $698M | $717M | |
| Current Liabilities | $1.83B | $2.32B | $2.05B | $3.32B | $3.33B | $1.84B | $1.56B | $1.43B | $1.99B | $1.85B | $1.45B | $1.58B | |
| Capital Leases | $234M | $291M | $298M | $314M | $241M | $269M | $259M | · | · | · | · | · | |
| Deferred Tax | $22M | $13M | $13M | $14M | $16M | $22M | $40M | $36M | $45M | $65M | $65M | $67M | |
| Other Non-current Liabilities | $1M | $2M | $2M | $2M | $315.0K | $15M | $270.0K | $430.0K | $601.0K | $222.0K | $217.0K | $223.0K | |
| Total Liabilities | $3.21B | $3.58B | $3.81B | $4.60B | $5.01B | $3.26B | $2.97B | $2.83B | $2.81B | $2.43B | $2.03B | $2.17B | |
| Long-term Debt | $1.09B | $1.38B | $1.58B | $1.97B | $1.92B | $1.09B | $1.24B | $1.35B | $1.47B | $500M | $500M | $500M | |
| Total Debt | $1.09B | $1.38B | $1.58B | $1.97B | $1.92B | $1.09B | $1.24B | $1.35B | · | · | · | · | |
| Retained Earnings | $6.07B | $5.79B | $5.62B | $5.59B | $4.94B | $4.37B | $4.14B | $3.85B | $3.44B | $3.19B | $2.92B | $2.65B | |
| Treasury Stock | $4.89B | $4.74B | $4.89B | $4.90B | $3.54B | $3.03B | $2.96B | $2.71B | $2.45B | $2.30B | $2.13B | $1.91B | |
| AOCI | $-78M | $-110M | $-81M | $-89M | $-61M | $-46M | $-76M | $-72M | $-18M | $-61M | $-38M | $-29M | |
| Stockholders' Equity | $1.85B | $1.72B | $1.42B | $1.35B | $2.02B | $1.88B | $1.67B | $1.60B | $1.43B | $1.26B | $1.15B | $1.05B | |
| Liabilities + Equity | $5.06B | $5.30B | $5.23B | $5.95B | $7.03B | $5.14B | $4.64B | $4.43B | $4.24B | $3.69B | $3.18B | $3.21B | |
| Shares Outstanding | 118,429,000 | 118,664,000 | 116,768,000 | 116,323,000 | 129,186,000 | 134,298,000 | 134,895,000 | 137,284,000 | 139,542,000 | 141,258,000 | 143,455,000 | 146,458,000 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $103M | $97M | $99M | $93M | $91M | $102M | $100M | $97M | $93M | $75M | $66M | $57M | |
| Stock-based Comp | $80M | $85M | $58M | $91M | $130M | $44M | $39M | $88M | $42M | $38M | $58M | $48M | |
| Deferred Tax | $8M | $-78M | $-38M | $-58M | $-110M | $-38M | $-2M | $-15M | $-28M | $15M | $-17M | $-3M | |
| Amort. of Intangibles | $10M | $12M | $21M | $23M | $25M | $36M | $38M | $37M | · | · | · | · | |
| Restructuring | · | · | · | $37M | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $915M | $509M | $732M | $1.65B | $95M | $499M | $835M | $793M | $384M | $529M | $718M | $513M | |
| CapEx | $20M | $23M | $30M | $62M | $34M | $23M | $36M | $45M | $40M | $73M | $28M | $22M | |
| Investing Cash Flow | $-55M | $-74M | $-83M | $-65M | $-86M | $-272M | $-113M | $-73M | $-108M | $-313M | $-54M | $-389M | |
| Debt Issued | $949M | $10M | $0 | $200M | $300M | $0 | $1.30B | $591M | $250M | $0 | $0 | $0 | |
| Net Debt Issued | $-262M | $0 | $0 | $200M | $298M | $0 | $-207M | $591M | $250M | · | $0 | $0 | |
| Stock Repurchased | $355M | $0 | $64M | $1.46B | $582M | $178M | $309M | $301M | $185M | $173M | $230M | $164M | |
| Net Stock Activity | $-355M | $0 | $-64M | $-1.46B | $-582M | $-178M | $-309M | $-301M | $-185M | $-173M | $-230M | $-164M | |
| Dividends Paid | $301M | $295M | $292M | $285M | $277M | $210M | $278M | $265M | $258M | $245M | $236M | $215M | |
| Financing Cash Flow | $-863M | $-416M | $-718M | $-1.62B | $8M | $-441M | $-651M | $-655M | $-202M | $-127M | $-608M | $-144M | |
| Net Change in Cash | $4M | $11M | $-72M | $-40M | $14M | $-204M | $69M | $45M | $86M | $79M | $39M | $-33M | |
| Taxes Paid | $95M | $132M | $156M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $895M | $486M | $702M | $1.59B | $61M | $476M | $799M | $748M | $344M | $456M | $690M | $491M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 4.9% | 3.8% | 2.9% | 5.1% | 4.7% | 4.2% | 5.2% | 5.5% | 5.2% | 6.4% | 6.4% | 5.6% | |
| Net Margin | 3.6% | 2.6% | 1.8% | 3.8% | 3.6% | 3.1% | 3.8% | 4.0% | 3.4% | 3.9% | 3.8% | 3.3% | |
| Pretax Margin | 4.5% | 3.3% | 2.3% | 4.7% | 4.4% | 3.9% | 4.9% | 5.3% | 4.9% | 6.2% | 6.1% | 5.4% | |
| EBITDA Margin | 4.9% | 3.8% | 2.9% | 5.1% | 4.7% | 4.2% | 5.2% | 5.5% | 5.2% | 6.4% | 6.4% | 5.6% | |
| ROA | 11.3% | 8.5% | 6.2% | 14.8% | 12.4% | 9.9% | 12.4% | 14.9% | 12.0% | 14.0% | 15.9% | 14.9% | |
| ROE | 32.4% | 27.7% | 23.0% | 62.1% | 42.5% | 27.0% | 34.5% | 42.0% | 37.6% | 42.6% | 46.4% | 45.3% | |
| ROIC | 22.0% | 17.4% | 13.6% | 30.7% | 22.7% | 18.2% | 21.1% | 23.4% | 37.7% | 42.1% | 46.2% | 44.4% |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.5 | 1.3 | 1.4 | 1.1 | 1.4 | 1.6 | 1.7 | 1.9 | 1.3 | 1.1 | 1.2 | 1.3 | |
| Quick Ratio | 1.4 | 1.1 | 1.2 | 1.0 | 1.3 | 1.5 | 1.6 | 1.8 | 1.2 | 1.1 | 1.2 | 1.1 | |
| Debt / Equity | 0.6 | 0.8 | 1.1 | 1.5 | 0.9 | 0.6 | 0.7 | 0.8 | · | · | · | · | |
| LT Debt / Equity | 0.6 | 0.5 | 1.0 | 0.7 | 0.7 | 0.6 | 0.7 | 0.8 | · | · | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 3.1 | 3.2 | 3.3 | 3.9 | 3.4 | 3.2 | 3.3 | 3.7 | 3.5 | 3.6 | 4.2 | 4.5 | |
| Receivables Turnover | 6.8 | 7.4 | 6.5 | 7.1 | 7.2 | 7.3 | 7.4 | 8.0 | 7.8 | 8.2 | 8.8 | 8.9 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -8.4% | 0.73% | -28.7% | 6.9% | 42.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -13.1% | -8.5% | 2.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 0.03% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 25.1% | 41.9% | -63.2% | 17.3% | 69.6% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -13.3% | -15.1% | -9.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 5.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 26.1% | 43.2% | -65.4% | 11.4% | 66.7% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -14.5% | -18.0% | -13.7% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 3.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 7.5% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $16.23B | $17.72B | $17.60B | $24.70B | $23.10B | $16.21B | $15.31B | $16.63B | $14.87B | $13.14B | $13.48B | $13.47B | |
| Net Income TTM | $587M | $466M | $325M | $941M | $844M | $506M | $577M | $665M | $505M | $513M | $510M | $450M | |
| Market Cap | $19.04B | $12.26B | $10.09B | $10.65B | $13.90B | $12.61B | $10.55B | $11.54B | $12.43B | $10.35B | $8.90B | $10.97B | |
| Enterprise Value | $19.97B | $13.49B | $11.52B | $12.41B | $15.57B | $13.46B | $11.34B | $12.51B | · | · | · | · | |
| P/E | 33.3 | 26.8 | 31.8 | 12.4 | 17.1 | 25.2 | 18.7 | 17.8 | 25.0 | 20.4 | 17.7 | 24.6 | |
| P/S | 1.2 | 0.7 | 0.6 | 0.4 | 0.6 | 0.8 | 0.7 | 0.7 | 0.8 | 0.8 | 0.7 | 0.8 | |
| P/B | 10.3 | 7.1 | 7.1 | 7.9 | 6.9 | 6.7 | 6.3 | 7.2 | 8.7 | 8.2 | 7.7 | 10.5 | |
| P / Tangible Book | 51.5 | 46.3 | · | · | 31.1 | 45.2 | · | · | · | · | · | · | |
| P / Cash Flow | 20.8 | 24.1 | 13.8 | 6.5 | 146.4 | 25.3 | 12.6 | 14.6 | 32.4 | 19.5 | 12.4 | 21.4 | |
| P / FCF | 21.3 | 25.2 | 14.4 | 6.7 | 228.8 | 26.5 | 13.2 | 15.4 | 36.2 | 22.7 | 12.9 | 22.3 | |
| EV / EBITDA | 25.1 | 20.2 | 22.4 | 9.8 | 14.4 | 20.0 | 14.4 | 13.7 | · | · | · | · | |
| EV / FCF | 22.3 | 27.7 | 16.4 | 7.8 | 256.2 | 28.3 | 14.2 | 16.7 | · | · | · | · | |
| EV / Revenue | 1.2 | 0.8 | 0.7 | 0.5 | 0.7 | 0.8 | 0.7 | 0.8 | · | · | · | · | |
| Dividend Yield | 1.6% | 2.4% | 2.9% | 2.7% | 2.0% | 1.7% | 2.6% | 2.3% | 2.1% | 2.4% | 2.6% | 2.0% | |
| Earnings Yield | 3.0% | 3.7% | 3.1% | 8.1% | 5.9% | 4.0% | 5.4% | 5.6% | 4.0% | 4.9% | 5.7% | 4.1% | |
| Payout Ratio | 51.3% | 63.3% | 89.7% | 30.3% | 32.9% | 41.5% | 48.1% | 39.9% | 51.1% | 47.8% | 46.2% | 47.8% | |
| Annual Payout | $301M | $295M | $292M | $285M | $277M | $210M | $278M | $265M | $258M | $245M | $236M | $215M |
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 | $4.93B | $4.01B | $3.91B | $4.14B | $4.14B | $4.05B | $4.18B | $4.64B | $4.48B | $4.41B | $4.22B | $4.34B | $4.42B | $4.61B | $5.07B | $6.02B | |
| Operating Expenses | $4.68B | $3.84B | $3.73B | $3.92B | $3.92B | $3.87B | $4.00B | $4.46B | $4.31B | $4.29B | $4.11B | $4.23B | $4.29B | $4.45B | $4.90B | $5.73B | |
| Operating Income | $256M | $176M | $181M | $221M | $216M | $177M | $184M | $180M | $178M | $127M | $107M | $114M | $133M | $161M | $164M | $288M | |
| Pretax Income | $238M | $167M | $167M | $205M | $194M | $157M | $168M | $144M | $157M | $110M | $69M | $93M | $114M | $133M | $122M | $272M | |
| Income Tax | $51M | $19M | $30M | $42M | $41M | $22M | $19M | $47M | $30M | $17M | $38M | $11M | $17M | $18M | $25M | $46M | |
| Net Income | $187M | $147M | $136M | $163M | $152M | $135M | $149M | $97M | $126M | $93M | $31M | $82M | $97M | $115M | $96M | $226M | |
| EPS (Basic) | $1.58 | $1.23 | $1.13 | $1.36 | $1.27 | $1.12 | $1.24 | $0.81 | $1.06 | $0.78 | $0.26 | $0.69 | $0.82 | $0.97 | $0.89 | $1.81 | |
| EPS (Diluted) | $1.56 | $1.22 | $1.12 | $1.34 | $1.26 | $1.11 | $1.23 | $0.80 | $1.05 | $0.78 | $0.27 | $0.68 | $0.81 | $0.96 | $0.90 | $1.78 | |
| Shares (Basic) | 118,565,000 | 119,803,000 | -240,858,000 | 119,887,000 | 120,244,000 | 120,969,000 | -238,817,000 | 119,860,000 | 119,418,000 | 119,344,000 | -237,049,000 | 118,464,000 | 118,500,000 | 118,636,000 | -258,141,000 | 124,980,000 | |
| Shares (Diluted) | 119,751,000 | 121,010,000 | -242,804,000 | 121,349,000 | 121,025,000 | 121,932,000 | -240,024,000 | 121,179,000 | 119,920,000 | 119,604,000 | -239,790,000 | 119,751,000 | 119,807,000 | 119,909,000 | -262,533,000 | 127,190,000 | |
| EBITDA | $256M | $176M | · | $221M | $216M | $177M | · | $180M | $178M | $127M | · | $114M | $133M | $161M | · | $288M |
Balance Sheet 25
| 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 | $155M | $160M | $161M | $137M | $156M | $130M | $146M | $132M | $113M | $122M | · | $175M | $210M | $239M | · | $188M | |
| Receivables | $3.06B | $2.54B | $2.36B | $2.54B | $2.54B | $2.48B | $2.38B | $2.63B | $2.65B | $2.59B | · | $2.44B | $2.51B | $2.68B | · | $3.80B | |
| Prepaid Expense | $121M | $124M | $120M | $129M | $131M | $113M | $102M | $138M | $155M | $174M | · | $137M | $148M | $122M | · | $80M | |
| Current Assets | $3.56B | $3.01B | $2.80B | $2.99B | $3.01B | $2.92B | $2.97B | $3.34B | $3.18B | $3.12B | · | $2.96B | $3.05B | $3.23B | · | $4.43B | |
| PP&E (Net) | $108M | $111M | $116M | $121M | $123M | $123M | $127M | $133M | $140M | $143M | · | $151M | $159M | $161M | · | $159M | |
| PP&E (Gross) | · | · | $353M | · | · | · | $404M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $237M | · | · | · | $277M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $1.51B | $1.46B | $1.46B | $1.44B | $1.44B | $1.43B | $1.43B | $1.45B | $1.47B | $1.47B | $1.47B | $1.47B | $1.47B | $1.47B | $1.47B | $1.46B | |
| Intangibles | $39M | $16M | $18M | $21M | $23M | $26M | $28M | $31M | $37M | $40M | · | $47M | $53M | $58M | · | $68M | |
| Other Non-current Assets | $97M | $95M | $96M | $99M | $128M | $127M | $108M | $109M | $110M | $111M | · | $130M | $127M | $123M | · | $120M | |
| Total Assets | $5.84B | $5.24B | $5.06B | $5.23B | $5.32B | $5.23B | $5.30B | $5.61B | $5.51B | $5.47B | $5.23B | $5.32B | $5.41B | $5.60B | $5.95B | $6.80B | |
| Accounts Payable | $1.66B | $1.34B | $1.21B | $1.28B | $1.33B | $1.25B | $1.18B | $1.33B | $1.43B | $1.39B | · | $1.38B | $1.36B | $1.41B | · | $1.66B | |
| Current Liabilities | $2.25B | $1.90B | $1.83B | $1.88B | $2.30B | $2.26B | $2.32B | $2.24B | $2.24B | $2.27B | · | $2.65B | $2.76B | $2.95B | · | $3.36B | |
| Capital Leases | $217M | $230M | $234M | $247M | $265M | $269M | $291M | $281M | $300M | $310M | · | $295M | $289M | $301M | · | $293M | |
| Deferred Tax | $21M | $22M | $22M | $10M | $10M | $10M | $13M | $12M | $12M | $12M | · | $15M | $15M | $15M | · | $18M | |
| Other Non-current Liabilities | $2M | $2M | $1M | $4M | $3M | $3M | $2M | $4M | $4M | $3M | · | $4M | $3M | $3M | · | $1M | |
| Total Liabilities | $4.22B | $3.53B | $3.21B | $3.37B | $3.54B | $3.49B | $3.58B | $3.97B | $4.00B | $4.04B | · | $3.91B | $4.02B | $4.21B | · | $5.12B | |
| Long-term Debt | $1.69B | $1.34B | $1.09B | $1.18B | $1.35B | $1.39B | $1.38B | $1.56B | $1.61B | $1.70B | · | $1.58B | $1.74B | $1.87B | · | $2.20B | |
| Total Debt | $1.69B | $1.34B | · | $1.18B | $1.35B | $1.39B | · | $1.56B | $1.61B | $1.70B | · | $1.58B | $1.74B | $1.87B | · | $2.20B | |
| Retained Earnings | $6.25B | $6.14B | $6.07B | $6.01B | $5.92B | $5.85B | $5.79B | $5.71B | $5.69B | $5.64B | · | $5.66B | $5.66B | $5.63B | · | $5.57B | |
| Treasury Stock | $5.27B | $5.07B | $4.89B | $4.83B | $4.80B | $4.74B | $4.74B | $4.78B | $4.85B | $4.87B | · | $4.91B | $4.92B | $4.91B | · | $4.50B | |
| AOCI | $-78M | $-78M | $-78M | $-75M | $-72M | $-100M | $-110M | $-72M | $-102M | $-100M | · | $-108M | $-93M | $-86M | · | $-138M | |
| Stockholders' Equity | $1.63B | $1.70B | $1.85B | $1.86B | $1.78B | $1.73B | $1.72B | $1.64B | $1.51B | $1.43B | $1.42B | $1.40B | $1.39B | $1.38B | $1.35B | $1.68B | |
| Liabilities + Equity | $5.84B | $5.24B | $5.06B | $5.23B | $5.32B | $5.23B | $5.30B | $5.61B | $5.51B | $5.47B | · | $5.32B | $5.41B | $5.60B | · | $6.80B | |
| Shares Outstanding | 117,113,000 | 118,157,000 | 118,429,000 | 118,421,000 | 118,317,000 | 118,958,000 | 118,664,000 | 118,083,000 | 117,262,000 | 117,000,000 | · | 116,465,000 | 116,335,000 | 116,437,000 | · | 120,594,000 |
Cash Flow 16
| 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 | $23M | $25M | $26M | $26M | $25M | $26M | $24M | $24M | $25M | $24M | $23M | $26M | $26M | $24M | $24M | $23M | |
| Stock-based Comp | $25M | $28M | $17M | $19M | $21M | $23M | $20M | $22M | $20M | $23M | $21M | $16M | $6M | $16M | $12M | $26M | |
| Deferred Tax | $3M | $22M | $-23M | $15M | $-256.0K | $16M | $-71M | $6M | $-7M | $-7M | $-2M | $-13M | $-12M | $-10M | $19M | $-71M | |
| Amort. of Intangibles | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $6M | $6M | $6M | $6M | $6M | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | · | $3M | $14M | $4M | · | · | |
| Operating Cash Flow | $36M | $69M | $305M | $275M | $227M | $107M | $268M | $108M | $166M | $-33M | $47M | $205M | $225M | $255M | $773M | $625M | |
| CapEx | $5M | $3M | $3M | $6M | $7M | $3M | $3M | $5M | $7M | $9M | $4M | $4M | $10M | $11M | $11M | $14M | |
| Investing Cash Flow | $-97M | $-3M | $-28M | $-19M | $-20M | $12M | $-15M | $-17M | $-19M | $-22M | $-16M | $-15M | $-24M | $-27M | $-27M | $-31M | |
| Debt Issued | $1.27B | $678M | $605M | $344M | $0 | $0 | $10M | · | · | · | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Debt Issued | · | $253M | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | |
| Stock Repurchased | $220M | $213M | $114M | $111M | $81M | $48M | $0 | $0 | $0 | $0 | $0 | $1M | $32M | $31M | $436M | $533M | |
| Net Stock Activity | · | $-213M | · | · | · | $-48M | · | · | · | $0 | · | · | · | $-31M | · | · | |
| Dividends Paid | $75M | $79M | $74M | $75M | $75M | $77M | $75M | $73M | $73M | $75M | $73M | $73M | $73M | $73M | $69M | $71M | |
| Financing Cash Flow | $56M | $-66M | $-255M | $-276M | $-186M | $-146M | $-232M | $-64M | $-155M | $35M | $-66M | $-219M | $-226M | $-206M | $-726M | $-637M | |
| Net Change in Cash | $-5M | $-1M | $24M | $-19M | $26M | $-27M | $13M | · | · | · | · | · | $-29M | $22M | $30M | $-51M | |
| Free Cash Flow | · | $66M | · | · | · | $103M | · | · | · | $-42M | · | · | · | $243M | · | · |
Profitability 7
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 5.2% | 4.4% | · | 5.3% | 5.2% | 4.4% | · | 3.9% | 4.0% | 2.9% | · | 2.6% | 3.0% | 3.5% | · | 4.8% | |
| Net Margin | 3.8% | 3.7% | · | 3.9% | 3.7% | 3.3% | · | 2.1% | 2.8% | 2.1% | · | 1.9% | 2.2% | 2.5% | · | 3.8% | |
| Pretax Margin | 4.8% | 4.2% | · | 5.0% | 4.7% | 3.9% | · | 3.1% | 3.5% | 2.5% | · | 2.1% | 2.6% | 2.9% | · | 4.5% | |
| EBITDA Margin | 5.2% | 4.4% | · | 5.3% | 5.2% | 4.4% | · | 3.9% | 4.0% | 2.9% | · | 2.6% | 3.0% | 3.5% | · | 4.8% | |
| ROA | 3.4% | 2.8% | · | 3.0% | 2.8% | 2.5% | · | 1.8% | 2.3% | 1.7% | · | 1.4% | 1.5% | 1.8% | · | 3.4% | |
| ROE | 10.9% | 8.6% | · | 9.3% | 9.3% | 8.6% | · | 6.4% | 8.7% | 6.6% | · | 5.3% | 5.7% | 6.6% | · | 12.4% | |
| ROIC | 6.1% | 5.1% | · | 5.8% | 5.4% | 4.9% | · | 3.8% | 4.6% | 3.4% | · | 3.4% | 3.6% | 4.3% | · | 6.2% |
Liquidity & Solvency 4
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.6 | 1.6 | · | 1.6 | 1.3 | 1.3 | · | 1.5 | 1.4 | 1.4 | · | 1.1 | 1.1 | 1.1 | · | 1.3 | |
| Quick Ratio | 1.4 | 1.4 | · | 1.4 | 1.2 | 1.2 | · | 1.2 | 1.2 | 1.2 | · | 1.0 | 1.0 | 1.0 | · | 1.2 | |
| Debt / Equity | 1.0 | 0.8 | · | 0.6 | 0.8 | 0.8 | · | 1.0 | 1.1 | 1.2 | · | 1.1 | 1.3 | 1.4 | · | 1.3 | |
| LT Debt / Equity | 1.0 | 0.8 | · | 0.6 | 0.5 | 0.5 | · | 0.9 | 0.9 | 1.0 | · | 0.7 | 0.7 | 0.7 | · | 0.8 |
Efficiency 2
| 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 | 0.9 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.7 | 0.7 | 0.7 | · | 0.9 | |
| Receivables Turnover | 1.8 | 1.6 | · | 1.6 | 1.6 | 1.6 | · | 1.8 | 1.7 | 1.7 | · | 1.4 | 1.3 | 1.3 | · | 1.6 |
Valuation (TTM) 15
| 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 | $17.22B | $16.33B | · | $16.96B | $17.31B | $17.59B | · | $17.88B | $17.66B | $17.79B | · | $19.39B | $21.85B | $24.24B | · | $25.89B | |
| Net Income TTM | $649M | $598M | · | $548M | $511M | $452M | · | $398M | $398M | $387M | · | $520M | $786M | $959M | · | $1.09B | |
| Market Cap | $22.06B | $19.62B | · | $15.68B | $11.35B | $12.18B | · | $13.03B | $10.33B | $8.91B | · | $10.03B | $10.98B | $11.57B | · | $11.61B | |
| Enterprise Value | $23.59B | $20.81B | · | $16.73B | $12.55B | $13.44B | · | $14.46B | $11.83B | $10.49B | · | $11.44B | $12.50B | $13.20B | · | $13.63B | |
| P/E | 35.0 | 33.7 | · | 29.4 | 22.7 | 27.4 | · | 33.3 | 26.5 | 23.6 | · | 20.4 | 15.2 | 13.3 | · | 11.5 | |
| P/S | 1.3 | 1.2 | · | 0.9 | 0.7 | 0.7 | · | 0.7 | 0.6 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.4 | |
| P/B | 13.6 | 11.5 | · | 8.4 | 6.4 | 7.0 | · | 7.9 | 6.8 | 6.2 | · | 7.1 | 7.9 | 8.4 | · | 6.9 | |
| P / Tangible Book | 273.6 | 85.7 | · | 39.7 | 35.5 | 44.0 | · | 80.3 | 2036.9 | · | · | · | · | · | · | 76.8 | |
| P / Cash Flow | · | 286.0 | · | · | · | 114.3 | · | · | · | -267.3 | · | · | · | 45.5 | · | · | |
| P / FCF | · | 297.5 | · | · | · | 118.1 | · | · | · | -212.4 | · | · | · | 47.6 | · | · | |
| EV / EBITDA | 92.2 | 118.4 | · | 75.7 | 58.1 | 76.0 | · | 80.3 | 66.4 | 82.5 | · | 100.8 | 94.3 | 82.0 | · | 47.4 | |
| EV / FCF | · | 315.4 | · | · | · | 130.3 | · | · | · | -250.0 | · | · | · | 54.3 | · | · | |
| EV / Revenue | 1.4 | 1.3 | · | 1.0 | 0.7 | 0.8 | · | 0.8 | 0.7 | 0.6 | · | 0.6 | 0.6 | 0.5 | · | 0.5 | |
| Earnings Yield | 2.9% | 3.0% | · | 3.4% | 4.4% | 3.6% | · | 3.0% | 3.8% | 4.2% | · | 4.9% | 6.6% | 7.5% | · | 8.7% | |
| Payout Ratio | · | 53.7% | · | · | · | 57.3% | · | · | · | 80.3% | · | · | · | 63.9% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Revenue | $16.23B | — | — | $17.72B | — |
| Operating Margin % | 4.9% | — | — | 3.8% | — |
| Net Income | $587M | — | — | $466M | — |
| Diluted EPS | $4.83 | — | — | $3.86 | — |
Balance Sheet
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.6 | — | — | 0.8 | — |
| Current Ratio | 1.5 | — | — | 1.3 | — |
| Quick Ratio | 1.4 | — | — | 1.1 | — |
Cash Flow
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $895M | — | — | $486M | — |
Latest News Recent headlines mentioning this company
- C.H. Robinson Worldwide Moves Up In Analyst Rankings, Passing Netflix
- C.H. Robinson Worldwide Enters Oversold Territory
- 3PL stocks drop in wake of stunning Texas case against C.H. Robinson
- C.H. Robinson Stock: Analyst Estimates & Ratings
- Montgomery broker case before SCOTUS featured topic in Robinson’s earnings call
- First look: C.H. Robinson mostly powers ahead in tough environment for brokers
- KeyCorp Moves Up In Market Cap Rank, Passing C.H. Robinson Worldwide
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 966 filers · $14.1B 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.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 126 (-51 vs prior Q) | 100 (+24 vs prior Q) | 306 (-24 vs prior Q) | 334 (+57 vs prior Q) | -299K |
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 CAPITAL MANAGEMENT LLC | $1,413,125,567 | 7,503,056 | 10.02% | Shares |
| STATE STREET CORP | $1,228,619,476 | 6,502,365 | 8.71% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,114,959,993 | 5,919,932 | 7.91% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $680,568,194 | 3,683,725 | 4.83% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $583,941,515 | 3,112,979 | 4.14% | Shares |
| FIRST TRUST ADVISORS LP | $515,385,526 | 2,736,463 | 3.66% | Shares |
| FMR LLC | $423,521,772 | 2,248,708 | 3.00% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $415,610,255 | 2,206,702 | 2.95% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $313,751,650 | 1,665,879 | 2.23% | Shares |
| NORGES BANK | $295,176,618 | 1,567,254 | 2.09% | Shares |
| Select Equity Group, L.P. | $215,722,376 | 1,145,388 | 1.53% | Shares |
| Cresset Asset Management, LLC | $202,396,321 | 1,071,055 | 1.44% | Shares |
| Capital World Investors | $198,014,649 | 1,051,368 | 1.40% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $189,846,720 | 1,008,000 | 1.35% | Call option |
| DIMENSIONAL FUND ADVISORS LP | $184,479,026 | 979,501 | 1.31% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $184,252,457 | 978,297 | 1.31% | Shares |
| ProShare Advisors LLC | $168,566,184 | 895,010 | 1.20% | Shares |
| ALLIANCEBERNSTEIN L.P. | $161,312,925 | 971,355 | 1.14% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $152,360,279 | 808,964 | 1.08% | Shares |
| MAIRS & POWER INC | $145,155,131 | 770,708 | 1.03% | Shares |
| US BANCORP \DE\ | $130,014,115 | 690,316 | 0.92% | Shares |
| RAYMOND JAMES FINANCIAL INC | $127,985,088 | 679,543 | 0.91% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $126,439,046 | 671,334 | 0.90% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $125,517,037 | 666,439 | 0.89% | Shares |
| D. E. Shaw & Co., Inc. | $117,064,045 | 621,557 | 0.83% | Shares |
| Artisan Partners Limited Partnership | $112,651,855 | 598,130 | 0.80% | Shares |
| TD Asset Management Inc | $110,457,267 | 586,478 | 0.78% | Shares |
| Alyeska Investment Group, L.P. | $107,585,835 | 571,232 | 0.76% | Shares |
| Qube Research & Technologies Ltd | $95,654,308 | 507,881 | 0.68% | Shares |
| 1832 Asset Management L.P. | $84,284,033 | 447,510 | 0.60% | Shares |
| EARNEST PARTNERS LLC | $78,770,192 | 418,234 | 0.56% | Shares |
| PINEBRIDGE INVESTMENTS LLC | $78,675,833 | 417,733 | 0.56% | Shares |
| JANE STREET GROUP, LLC | $76,032,858 | 403,700 | 0.54% | Call option |
| CITADEL ADVISORS LLC | $67,915,404 | 360,600 | 0.48% | Call option |
| Electron Capital Partners, LLC | $67,628,562 | 359,077 | 0.48% | Shares |
| GOLDMAN SACHS GROUP INC | $65,831,234 | 349,534 | 0.47% | Shares |
| M.D. Sass, LLC | $64,687,376 | 343,461 | 0.46% | Shares |
| HENNESSY ADVISORS INC | $63,779,081 | 338,638 | 0.45% | Shares |
| Swiss National Bank | $62,604,216 | 332,400 | 0.44% | Shares |
| Gotham Asset Management, LLC | $59,039,505 | 313,473 | 0.42% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $58,682,224 | 311,576 | 0.42% | Shares |
| Boston Partners | $58,128,130 | 308,634 | 0.41% | Shares |
| PineBridge Investments, L.P. | $57,440,019 | 433,837 | 0.41% | Shares |
| Winslow Capital Management, LLC | $56,009,114 | 297,383 | 0.40% | Shares |
| BlackRock, Inc. | $55,597,591 | 295,198 | 0.39% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $54,129,669 | 287,404 | 0.38% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $52,869,675 | 280,714 | 0.37% | Shares |
| RHUMBLINE ADVISERS | $52,174,941 | 277,026 | 0.37% | Shares |
| MILLENNIUM MANAGEMENT LLC | $50,738,796 | 269,400 | 0.36% | Put option |
| Interval Partners, LP | $50,308,628 | 267,116 | 0.36% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $50,278,493 | 266,956 | 0.36% | Shares |
| Ashton Thomas Private Wealth, LLC | $47,523,668 | 252,329 | 0.34% | Shares |
| Vanguard Global Advisers, LLC | $46,292,842 | 245,794 | 0.33% | Shares |
| California Public Employees Retirement System | $44,617,558 | 236,899 | 0.32% | Shares |
| Saratoga Research & Investment Management | $44,280,994 | 235,112 | 0.31% | Shares |
| Allianz Asset Management GmbH | $44,028,618 | 233,772 | 0.31% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $43,845,552 | 232,800 | 0.31% | Put option |
| Rivermont Capital Management LP | $43,400,881 | 230,439 | 0.31% | Shares |
| Hudson Way Capital Management LLC | $42,509,845 | 225,708 | 0.30% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $39,291,332 | 236,595 | 0.28% | Shares |
| Clark Capital Management Group, Inc. | $38,605,933 | 204,980 | 0.27% | Shares |
| BANK OF AMERICA CORP /DE/ | $37,374,943 | 198,444 | 0.27% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $34,386,906 | 187,845 | 0.24% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $33,396,149 | 180,764 | 0.24% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $32,905,823 | 174,715 | 0.23% | Shares |
| Eurizon Capital SGR S.p.A. | $32,591,859 | 173,088 | 0.23% | Shares |
| JENNISON ASSOCIATES LLC | $31,027,131 | 164,740 | 0.22% | Shares |
| Quantinno Capital Management LP | $30,444,073 | 161,644 | 0.22% | Shares |
| Arbejdsmarkedets Tillaegspension | $29,042,028 | 154,200 | 0.21% | Shares |
| Holocene Advisors, LP | $28,491,699 | 151,278 | 0.20% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $27,094,217 | 141,296 | 0.19% | Shares |
| Berger Financial Group, Inc | $25,662,336 | 136,255 | 0.18% | Shares |
| Accredited Investors Inc. | $25,090,725 | 133,220 | 0.18% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $24,762,378 | 131,477 | 0.18% | Shares |
| Driehaus Capital Management LLC | $24,319,403 | 129,125 | 0.17% | Shares |
| ASSETMARK, INC | $23,235,219 | 123,368 | 0.16% | Shares |
| LPL Financial LLC | $23,026,371 | 122,260 | 0.16% | Shares |
| NOMURA HOLDINGS INC | $22,770,306 | 120,900 | 0.16% | Call option |
| Savant Capital, LLC | $22,258,758 | 118,585 | 0.16% | Shares |
| Cetera Investment Advisers | $21,285,536 | 113,017 | 0.15% | Shares |
| AMERIPRISE FINANCIAL INC | $20,738,221 | 110,061 | 0.15% | Shares |
| AVIVA PLC | $20,690,279 | 109,856 | 0.15% | Shares |
| MORGAN STANLEY | $19,860,161 | 105,448 | 0.14% | Shares |
| Parallax Volatility Advisers, L.P. | $19,832,202 | 105,300 | 0.14% | Put option |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $19,700,364 | 104,600 | 0.14% | Shares |
| BARCLAYS PLC | $19,254,937 | 102,235 | 0.14% | Shares |
| Waratah Capital Advisors Ltd. | $19,251,173 | 102,215 | 0.14% | Shares |
| LMR Partners LLP | $18,834,000 | 100,000 | 0.13% | Call option |
| STATE OF WISCONSIN INVESTMENT BOARD | $18,779,381 | 99,710 | 0.13% | Shares |
| BANK OF MONTREAL /CAN/ | $18,580,118 | 98,652 | 0.13% | Shares |
| Squarepoint Ops LLC | $18,513,822 | 98,300 | 0.13% | Call option |
| Point72 Asset Management, L.P. | $18,005,304 | 95,600 | 0.13% | Call option |
| ROYAL BANK OF CANADA | $17,642,000 | 93,672 | 0.13% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $17,619,772 | 93,553 | 0.12% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $17,237,442 | 91,523 | 0.12% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $17,040,627 | 90,478 | 0.12% | Shares |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | $16,561,068 | 87,932 | 0.12% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $16,065,590 | 85,301 | 0.11% | Shares |
| Korea Investment CORP | $16,054,478 | 85,242 | 0.11% | Shares |
| Davidson Kempner Capital Management LP | $16,008,900 | 85,000 | 0.11% | Shares |
Company insiders 56 insiders · 34 officers · 25 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David P Bozeman | President & CEO | June 26, 2026 F | 178,978 | 0 | 0 | $0 |
| Robert C Biesterfeld Jr | President and CEO | June 14, 2022 M | 181,610 | 0 | 0 | $0 |
| Zechmeister Michael Paul | Chief Financial Officer | Feb. 8, 2023 A | 66,760 | 0 | 0 | $0 |
| Andrew C Clarke | Chief Financial Officer | Jan. 29, 2019 A | 18,312 | 0 | 0 | $0 |
| Michael John Short | President, Global Forwarding | May 4, 2023 M | 75,937 | 0 | 0 | $0 |
| Michael D. Castagnetto | President of Robinson Fresh | Feb. 8, 2023 A | 30,159 | 0 | 0 | $0 |
| Jordan T Kass | President, Managed Services | Feb. 8, 2023 A | 64,664 | 0 | 0 | $0 |
| Jeroen Eijsink | President, CH Robinson Europe | Feb. 9, 2022 A | 21,790 | 0 | 0 | $0 |
| James Lemke | President, Robinson Fresh | Feb. 6, 2019 S | 189,257 | 0 | 0 | $0 |
| Bryan Foe | President, CH Robinson Europe | Feb. 4, 2015 A | 86,265 | 0 | 0 | $0 |
| Arun Rajan | Chief Strat & Innov Officer | May 29, 2026 A | 133,340 | 0 | 0 | $0 |
| Angela K. Freeman | CHRO and ESG Officer | May 4, 2023 S | 92,373 | 0 | 0 | $0 |
| Mac S Pinkerton | Pres. of North America Trans. | May 1, 2023 M | 87,001 | 0 | 0 | $0 |
| Ben G Campbell | Chief Legal Officer/Secretary | Feb. 21, 2023 G | 70,559 | 0 | 0 | $0 |
| Michael W Neill | Chief Technology Officer | Feb. 8, 2023 A | 46,679 | 0 | 0 | $0 |
| Chris Obrien | Chief Commercial Officer | Feb. 8, 2023 A | 80,031 | 0 | 0 | $0 |
| John Wiehoff | Executive Chairman | April 14, 2020 S | 535,506 | 0 | 0 | $0 |
| Chad Lindbloom | Chief Information Officer | Feb. 27, 2018 S | 126,539 | 0 | 0 | $0 |
| Scott Satterlee | Senior Vice President | Feb. 19, 2015 S | 0 | 0 | 0 | $0 |
| Stephane Rambaud | Senior Vice President | Feb. 4, 2015 A | 89,758 | 0 | 0 | $0 |
| Tom Mahlke | Vice President and CIO | July 16, 2014 S | 49,921 | 0 | 0 | $0 |
| Mark A Walker | Vice President | Feb. 6, 2013 A | 270,255 | 0 | 0 | $0 |
| James Butts | Senior Vice President | Nov. 28, 2012 S | 259,897 | 0 | 0 | $0 |
| Linda U Feuss | VP, Gen. Counsel & Secretary | Nov. 24, 2008 M | 1,157 | 0 | 0 | $0 |
| Timothy P Manning | Vice President | Feb. 15, 2006 A | 95,525 | 0 | 0 | $0 |
| Laura Gillund | VP-HR | Feb. 15, 2006 M | 5,605 | 0 | 0 | $0 |
| James Larsen | Vice President | Dec. 7, 2005 A | 50,524 | 0 | 0 | $0 |
| Steve Weiby | Vice President | Dec. 7, 2005 A | 61,046 | 0 | 0 | $0 |
| Molly Dubois | Vice President | Dec. 7, 2005 A | 50,000 | 0 | 0 | $0 |
| Troy Renner | Treasurer and Ass't Secretary | Dec. 7, 2005 A | 28,024 | 0 | 0 | $0 |
| Paul Radunz | VP-CIO | Dec. 7, 2005 A | 61,658 | 0 | 0 | $0 |
| Joseph Mulvehill | Vice President | May 6, 2005 A | 374,940 | 0 | 0 | $0 |
| Michael Rempe | Vice President | Nov. 18, 2003 A | 10,000 | 0 | 0 | $0 |
| Owen Gleason | VP, General Counsel & Secy | Sept. 16, 2003 S | 362,560 | 0 | 0 | $0 |
| Mark A. Goodburn | Director | June 30, 2026 A | — | 0 | 0 | $0 |
| Timothy C Gokey | Director | June 30, 2026 A | — | 0 | 0 | $0 |
| Henry Ward Winship IV | Director | Nov. 21, 2023 S | 266,936 | 0 | 0 | $0 |
| Paula Tolliver | Director | Sept. 30, 2023 A | — | 0 | 0 | $0 |
| Henry J Maier | Director | Sept. 30, 2023 A | 1,922 | 0 | 0 | $0 |
| James J. Barber | Director | Sept. 30, 2023 A | — | 0 | 0 | $0 |
| Jodee A Kozlak | Director | Sept. 30, 2023 A | — | 0 | 0 | $0 |
| Kermit R Crawford | Director | Sept. 30, 2023 A | 1,000 | 0 | 0 | $0 |
| Scott P Anderson | Director | Sept. 30, 2023 A | 27,305 | 0 | 0 | $0 |
| Mary Guilfoile | Director | Sept. 30, 2023 A | 3,098 | 0 | 0 | $0 |
| James B Stake | Director | Sept. 30, 2023 A | — | 0 | 0 | $0 |
| Brian Short | Director | June 30, 2022 A | 21,951 | 0 | 0 | $0 |
| FORTUN WAYNE M | Director | June 30, 2022 A | 24,658 | 0 | 0 | $0 |
| Robert Ezrilov | Director | Sept. 28, 2018 A | 88,636 | 0 | 0 | $0 |
| Rebecca Koenig Roloff | Director | June 30, 2016 A | — | 0 | 0 | $0 |
| David Maclennan | Director | March 31, 2015 A | 1,600 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 202 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 |
|---|---|---|---|---|
| AIRR · First Trust Exchange-Traded Fund VI | 4.08% | 2,489,458 NS | June 30, 2026 | N-PORT |
| SUPL · ProShares Trust | 3.90% | 506 NS | May 31, 2026 | N-PORT |
| KMID · Virtus ETF Trust II | 3.56% | 8,601 NS | April 30, 2026 | N-PORT |
| NRSH · Tidal Trust I | 2.92% | 4,419 NS | April 30, 2026 | N-PORT |
| BOBP · EXCHANGE TRADED CONCEPTS TRUST | 2.66% | 262 NS | April 30, 2026 | N-PORT |
| TPOR · Direxion Shares ETF Trust | 2.20% | 2,178 NS | April 30, 2026 | N-PORT |
| IYT · iShares Trust | 2.13% | 331,016 SH | Aug. 21, 2026 | Daily |
| AMID · EA Series Trust | 1.88% | 11,066 NS | May 29, 2026 | N-PORT |
| EPMB · Harbor ETF Trust | 1.73% | 429 NS | April 30, 2026 | N-PORT |
| NUMV · Nushares ETF Trust | 1.63% | 38,603 NS | April 30, 2026 | N-PORT |
| DRES · GMO ETF Trust | 1.47% | 2,986 NS | May 31, 2026 | N-PORT |
| KNG · First Trust Exchange-Traded Fund IV | 1.44% | 266,985 NS | April 30, 2026 | N-PORT |
| NOBL · ProShares Trust | 1.43% | 883,401 NS | May 31, 2026 | N-PORT |
| IWFG · New York Life Investments Active ET… | 1.38% | 4,345 NS | April 30, 2026 | N-PORT |
| IWLG · New York Life Investments Active ET… | 1.11% | 19,283 NS | April 30, 2026 | N-PORT |
| SHPP · Pacer Funds Trust | 1.04% | 114 NS | April 30, 2026 | N-PORT |
| LCLG · Advisors Series Trust | 1.02% | 5,678 NS | April 30, 2026 | N-PORT |
| FTXR · First Trust Exchange-Traded Fund VI | 1.01% | 58,125 NS | June 30, 2026 | N-PORT |
| FEGE · RBB Fund Trust | 0.95% | 102,993 NS | May 31, 2026 | N-PORT |
| DDIV · First Trust Exchange-Traded Fund VI | 0.93% | 3,344 NS | June 30, 2026 | N-PORT |
| MMID · MFS Active Exchange Traded Funds Tr… | 0.90% | 1,706 NS | May 31, 2026 | N-PORT |
| RSPN · Invesco Exchange-Traded Fund Trust | 0.89% | 65,509 SH | Aug. 21, 2026 | Daily |
| IQSM · New York Life Investments ETF Trust | 0.87% | 15,063 NS | April 30, 2026 | N-PORT |
| AMOM · Exchange Listed Funds Trust | 0.83% | 1,395 NS | April 30, 2026 | N-PORT |
| QQQJ · Invesco Exchange-Traded Fund Trust … | 0.83% | 68,404 SH | Aug. 21, 2026 | Daily |
| ROUS · Lattice Strategies Trust | 0.75% | 24,207 NS | April 30, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.70% | 48,625 NS | April 30, 2026 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 0.68% | 5,985 NS | April 30, 2026 | N-PORT |
| LSEQ · Harbor ETF Trust | 0.67% | 567 NS | April 30, 2026 | N-PORT |
| VMAX · Lattice Strategies Trust | 0.61% | 1,563 NS | April 30, 2026 | N-PORT |
| SMIZ · Zacks Trust | 0.57% | 8,278 NS | May 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.55% | 18,794 NS | April 30, 2026 | N-PORT |
| SNPD · DBX ETF Trust | 0.54% | 79 NS | May 29, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.53% | 15,438 NS | April 30, 2026 | N-PORT |
| QLC · FlexShares Trust | 0.50% | 24,780 NS | April 30, 2026 | N-PORT |
| NULV · Nushares ETF Trust | 0.49% | 56,177 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.45% | 1,629,915 SH | Aug. 19, 2026 | Daily |
| IWP · iShares Trust | 0.44% | 625,419 SH | Aug. 21, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.43% | 47,765 NS | April 30, 2026 | N-PORT |
| HQGO · Lattice Strategies Trust | 0.42% | 1,123 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.39% | 320,758 NS | May 31, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.38% | 3,483 NS | May 31, 2026 | N-PORT |
| AFLG · First Trust Exchange-Traded Fund VI… | 0.36% | 13,144 NS | May 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.36% | 29,590 NS | April 30, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.35% | 36,812 SH | Aug. 19, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.35% | 9,202 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.34% | 14,539 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.34% | 43,669 NS | April 30, 2026 | N-PORT |
| SZNE · Pacer Funds Trust | 0.31% | 232 NS | April 30, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 7,530 NS | April 30, 2026 | N-PORT |