CLX Clorox Company (The) Common Stock
About Clorox Company (The) Common Stock Company overview from Wikipedia
The Clorox Company is an American multinational manufacturer and marketer of consumer and professional products. Clorox ranked annually on the Fortune 500 list from 2000 to 2024, where it last held the #485 spot.
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The Clorox Company (formerly Clorox Chemical Company) is an American multinational manufacturer and marketer of consumer and professional products. Clorox ranked annually on the Fortune 500 list from 2000 to 2024, where it last held the #485 spot.
Clorox products are sold primarily through mass merchandisers, retail outlets, e-commerce channels, distributors, and medical supply providers. Clorox brands include its namesake bleach and cleaning products as well as Burt's Bees, Formula 409, Glad, Hidden Valley, Kingsford, Kitchen Bouquet, KC Masterpiece, Liquid-Plumr, Brita (in the Americas), Mistolin, Pine-Sol, Poett, Green Works Cleaning Products, Soy Vay, Tilex, S.O.S., and Fresh Step, Scoop Away, and Ever Clean pet products.
History
1913–1927
The Electro-Alkaline Company was founded on May 3, 1913, as the first commercial-scale liquid bleach manufacturer in the United States. Archibald Taft, a banker; Edward Hughes, a purveyor of wood and coal; Charles Husband, a bookkeeper; Rufus Myers, a lawyer; and William Hussey, a miner, each invested $100 to set up a factory on the east side of San Francisco Bay. The name of its original product, Clorox, was coined as a portmanteau of its two main ingredients, chlorine and sodium hydroxide. The original Clorox packaging featured a diamond-shaped logo, which has been used in one form or another in Clorox branding ever since.
The public, however, was unfamiliar with liquid bleach. The company started slowly and was on the brink of collapse when investor William Murray took it over in 1916, who installed himself as general manager. His wife Annie prompted the creation of a less concentrated liquid bleach for home use and built customer demand by giving away 15-US-fluid-ounce (440 ml) sample bottles at the family's grocery store in downtown Oakland. Word shortly began to spread, and in 1917 the company started shipping Clorox bleach to the East Coast via the Panama Canal.
1928–1960s
On May 28, 1928, the company went public on the San Francisco stock exchange. It changed its name to Clorox Chemical Company. An animated Clorox liquid bleach bottle, named Butch, was used in its advertising and became well known, even surviving the 1940 transition from rubber-stoppered bottles to screw-off caps.
Even though bleach was a valuable first aid product for American armed forces during World War II, government rationing of chlorine gas forced many bleach manufacturers to reduce the concentration of sodium hypochlorite in their products. Clorox, however, declined and elected to sell fewer units of full-strength bleach, establishing a reputation for quality.
In 1957, Clorox was purchased by Procter & Gamble, which renamed its new subsidiary the Clorox Company. Almost immediately, a rival company objected to the purchase, and it was challenged by the Federal Trade Commission, which feared it would stifle competition in the household products market. The FTC prevailed in 1967 when the U.S. Supreme Court forced Procter & Gamble to divest Clorox, which took place on January 1, 1969.
1970s–1990s
Throughout the 1970s and 1980s, Clorox pursued an aggressive expansion and diversification program. In 1970, the company introduced Clorox 2 all-fabric bleach. Later it acquired several brands that remain a part of its portfolio, including Formula 409, Liquid-Plumr, and Kingsford charcoal. The company also developed new cleaning products such as Tilex instant mildew remover. It also acquired the "Hidden Valley" brand of ranch dressing.
In 1988, Clorox struck a licensing-and-distribution agreement that brought Brita water filters to the U.S. The company acquired sole control of the brand for the U.S. and Canada in 1995 when it acquired Brita International Holdings (Canada). In 2000, it secured the remaining Americas market from Brita.
In 1990, Clorox purchased Pine-Sol.
In 1999, Clorox acquired First Brands, the former consumer products division of Union Carbide, in the largest transaction in its history. Such brands as Glad, Handi-Wipes (which First Brands acquired from Colgate-Palmolive several months before the Clorox acquisition), and STP became part of the Clorox portfolio. The First Brands acquisition doubled the company's size and helped it land on the Fortune 500 for the first time the following year.
2000s–present
In 2002, Clorox entered into a joint venture with Procter & Gamble to create food and trash bags, food wraps, and containers under the names Glad, GladWare, and related trademarks. As part of this agreement, Clorox sold a 10% stake in the Glad products to P&G, which increased to 20% in 2005.
In 2007, the company acquired Burt's Bees. In 2010, Clorox shed businesses that were no longer a good strategic fit for the company, announcing that it was selling the Armor All and STP brands to Avista Capital Partners. In 2011, Clorox acquired the Aplicare and HealthLink brands, bolstering its presence in the healthcare industry.
In 2008, the Clorox Company became the first major consumer packaged goods company to develop and nationally launch a green cleaning line, Green Works, into the mainstream cleaning aisle. In 2011, the Clorox Company integrated corporate social responsibility (CSR) reporting with financial reporting. The company's annual report for the fiscal year ending in June 2011 shared data on financial performance and advances in environmental, social, and governance performance.
In 2013, the company announced a focus on consumer megatrends that included sustainability, health and wellness, affordability and value, and multiculturalism, with a particular emphasis on the Hispanic community.
In 2015, the company became a signatory of the United Nations Global Compact, a large corporate responsibility initiative.
In 2018, Clorox purchased Nutranext Business, LLC for approximately $700 million. Florida-based Nutranext makes natural multivitamins, specialty minerals used as health aids, and supplements for hair, skin and nails. Clorox was named to the inaugural Bloomberg Gender Equality Index in 2018. The following year, it topped the Axios Harris Poll 100 corporate reputation rankings.
In 2019, Clorox ranked seventh in Barron's "100 Most Sustainable U.S. Companies" list.
In 2022, the company opened a new manufacturing facility in Martinsburg, West Virginia, to facilitate the growth of its cat litter business.
In 2023 the company was affected by a cyberattack, resulting in revenue loss and product shortages.
In January 2026, Clorox agreed to buy Gojo Industries—maker of Purell—for $2.25 billion in an all-cash deal.
On May 28, 2026, Clorox announced Linda Rendle, its CEO since 2020, was stepping down due to health reasons and following a diagnosis of breast cancer. The company said she will continue until her replacement is appointed.
Brands
The Clorox Company currently owns a number of well-known household and professional brands in a wide variety of products, including:
Brita water filtration systems (Americas only)
Burt's Bees natural cosmetics and personal care products
Clorinda bleach and cleaning and disinfection products, alternative brand of Clorox Chile
Ever Clean cat litters
Formula 409 hard surface cleaners
Fresh Step, Scoop Away, cat litters
Glad storage bags, trash bags, Press'n Seal, GladWare containers (joint venture with P&G as 20-percent minority shareholder)
Green Works natural cleaners
Handy Andy floor cleaners in Australia
Hidden Valley dressings, sandwich spreads and condiments, dips and dressing mixes, croutons and salad toppings, side dishes and appetizers
Kingsford charcoal
Kitchen Bouquet, KC Masterpiece, and Soy Vay sauces
Lestoil heavy-duty laundry and multipurpose cleaner
Liquid-Plumr drain cleaner
Pine-Sol, Tilex, Poett, and S.O.S cleaning products
Purell, hand sanitizer (pending acquisition)
Gojo, heavy-duty hand cleaners and soaps (pending acquisition)
Provon, soaps and sanitizers for healthcare industry (pending acquisition)
The company's bleach products are sold under regional brands. In 2006, Clorox acquired the Canadian Javex line of bleach products from Colgate-Palmolive, and similar product lines in parts of Latin and South America.
Sales
The company ranked as a Fortune 500 company from 2000 through 2024.
Clorox's net sales (FY 2015–2025)
Marketing
Advertising campaigns
In 1986, the advertising campaign for Clorox 2 featured an award-winning jingle, "Mama's Got The Magic of Clorox 2". The song was written by Dan Williams and performed by Dobie Gray.
The company was listed at Advertising Age's 2015 Marketer A-List.
Criticisms of sexist marketing
During 2006 and 2007, a Clorox commercial that aired nationally showed several generations of women doing laundry. The commercial included the words "Your mother, your grandmother, her mother, they all did the laundry, maybe even a man or two". Feminists criticized the commercial for insinuating that doing laundry is a job for women only.
The Clorox slogan, "Mama's got the magic of Clorox", was criticized on similar grounds. The slogan first appeared in a Clorox commercial in 1986. A modified version of the commercial ran from 2002 to 2004.
In 2009, Clorox received complaints of sexism for an advertisement that featured a man's white, lipstick-stained dress shirt with the caption, "Clorox. Getting ad guys out of hot water for generations". The ad, and others, were produced expressly for the television program Mad Men, capitalizing on "the show's unique vintage style to [create] a link between classic and modern consumer behaviors".
Reactions to product claims
Green Works
In 2008, the Sierra Club endorsed the Clorox Green Works line. Sierra Club Executive Director Carl Pope stated that one of the nonprofit organization's primary goals is to "foster vibrant, healthy communities with clean water and air that are free from pollution. Products like Green Works help to achieve this goal in the home". The Sierra Club also partnered with Clorox to "promote a line of natural cleaning products for consumers who are moving toward a greener lifestyle". The partnership "caused schisms" in the club, which contributed in part to Pope's decision to resign.
Also in 2008, the National Advertising Division told Clorox to either discontinue or modify its advertisements for Green Works on the grounds the cleaners actually do not work as well as traditional cleaners, as Clorox had claimed.
In 2009, Clorox received further criticism for its Clorox Green Works line, regarding claims the products are environmentally friendly. Several Clorox Green Works products contain ethanol, which environmental groups state is neither cost-effective nor eco-friendly. Many Green Works products also contain sodium lauryl sulfate, a known skin irritant. Women's Voices for the Earth have questioned whether or not the Clorox Green Works line is greenwashing, as Clorox's "green" products are far outnumbered by their traditional products, asking "Why sell one set of products that have hazardous ingredients and others that don't?"
Animal testing
In 2019, Clorox announced that they do not participate in animal testing except where required by law. This prompted backlash from animal advocacy organizations like PETA, who claimed that Clorox was perpetuating animal testing by choosing to sell their products in markets where inhumane animal testing was required, such as China.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CLX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
CLX 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 |
|---|---|
| Aug. 12, 2026 | $1.2500 |
| April 22, 2026 | $1.2400 |
| Jan. 28, 2026 | $1.2400 |
| Oct. 22, 2025 | $1.2400 |
| Aug. 13, 2025 | $1.2400 |
| April 23, 2025 | $1.2200 |
| Jan. 29, 2025 | $1.2200 |
| Oct. 23, 2024 | $1.2200 |
| Aug. 14, 2024 | $1.2200 |
| April 23, 2024 | $1.2000 |
| Jan. 23, 2024 | $1.2000 |
| Oct. 24, 2023 | $1.2000 |
| Aug. 8, 2023 | $1.2000 |
| April 25, 2023 | $1.1800 |
| Jan. 24, 2023 | $1.1800 |
| Oct. 25, 2022 | $1.1800 |
| July 26, 2022 | $1.1800 |
| April 26, 2022 | $1.1600 |
| Jan. 25, 2022 | $1.1600 |
| Oct. 26, 2021 | $1.1600 |
CLX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 1 3.7%
- Buy 0 0.0%
- Hold 17 63.0%
- Sell 8 29.6%
- Strong Sell 1 3.7%
12-Month Price Target
17 analysts · 2026-08-16Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.66 | $1.67 | -0.01% |
| March 31, 2026 | $1.64 | $1.57 | 0.07% |
| Dec. 31, 2025 | $1.39 | $1.45 | -0.06% |
| Sept. 30, 2025 | $0.85 | $0.79 | 0.06% |
| June 30, 2025 | $2.87 | $2.23 | 0.64% |
| March 31, 2025 | $1.45 | $1.58 | -0.13% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CLX | $11.54B | 19.8 | -5.4% | 8.7% | 285.6% | 42.3% |
| PG | $340.77B | 22.2 | 3.3% | 18.4% | 29.8% | — |
| CL | $63.31B | 30.0 | 1.4% | 10.5% | 1603.0% | 60.1% |
| KMB | $33.49B | 16.6 | -2.1% | 12.3% | 172.6% | 36.0% |
| CHD | — | 27.8 | 1.6% | 11.9% | 17.5% | 44.7% |
| REYN | $4.82B | 16.0 | 0.70% | 8.1% | 13.7% | 24.6% |
| WDFC | $2.93B | 32.4 | 5.0% | 14.7% | 35.7% | 55.1% |
| CENT | — | 13.0 | -2.2% | 5.2% | 10.5% | 31.9% |
| SPB | — | 13.6 | -5.2% | — | — | — |
| ENR | $1.70B | 7.5 | 2.3% | 8.1% | 157.3% | 41.8% |
| ODC | $1.12B | 23.1 | 11.0% | 11.1% | 21.8% | 29.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.72B | $7.10B | $7.09B | $7.39B | $7.11B | $7.34B | $6.72B | · | $6.12B | $5.97B | $5.76B | $5.66B | |
| Cost of Revenue | $3.88B | $3.89B | $4.04B | $4.48B | $4.56B | $4.14B | $3.66B | $3.49B | $3.45B | $3.30B | $3.16B | $3.19B | |
| Gross Profit | $2.84B | $3.21B | $3.05B | $2.91B | $2.54B | $3.20B | $3.06B | $2.73B | $2.67B | $2.67B | $2.60B | $2.46B | |
| R&D Expense | $116M | $121M | $126M | $138M | $132M | $149M | $145M | $136M | $132M | $135M | $141M | $136M | |
| SG&A Expense | $1.07B | $1.12B | $1.17B | $1.18B | $954M | $1.00B | $969M | $856M | $837M | $810M | $806M | $798M | |
| Interest Expense | $130M | $88M | $90M | $90M | $106M | $99M | $99M | $97M | $85M | $88M | $88M | $100M | |
| Interest Income | · | · | · | · | · | · | · | · | · | · | · | $4M | |
| Other Non-op | · | · | · | · | · | · | · | · | · | · | $7M | $13M | |
| Pretax Income | $791M | $1.08B | $398M | $238M | $607M | $900M | $1.19B | $1.02B | $1.05B | $1.03B | $983M | $921M | |
| Income Tax | $190M | $254M | $106M | $77M | $136M | $181M | $246M | $204M | $231M | $330M | $335M | $315M | |
| Net Income | $587M | $810M | $280M | $149M | $462M | $710M | $939M | $820M | $823M | $701M | $648M | $580M | |
| EPS (Basic) | $4.82 | $6.56 | $2.26 | $1.21 | $3.75 | $5.66 | $7.46 | $6.42 | $6.37 | $5.43 | $5.01 | $4.45 | |
| EPS (Diluted) | $4.81 | $6.52 | $2.25 | $1.20 | $3.73 | $5.58 | $7.36 | $6.32 | $6.26 | $5.33 | $4.92 | $4.37 | |
| Shares (Basic) | 121,775,000 | 123,525,000 | 124,174,000 | 123,589,000 | 123,113,000 | 125,570,000 | 125,828,000 | 127,734,000 | 129,293,000 | 128,953,000 | 129,472,000 | 130,310,000 | |
| Shares (Diluted) | 122,132,000 | 124,287,000 | 124,804,000 | 124,181,000 | 123,906,000 | 127,299,000 | 127,671,000 | 129,792,000 | 131,581,000 | 131,566,000 | 131,717,000 | 132,776,000 | |
| EBITDA | $247M | $219M | $235M | $236M | $224M | $211M | $180M | $180M | $166M | $163M | · | · |
Balance Sheet 30
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $143M | $167M | $202M | $367M | $183M | $319M | $871M | $111M | $131M | $418M | $401M | $382M | |
| Receivables | $791M | $821M | $695M | $688M | $681M | $604M | $648M | $631M | $600M | $565M | $569M | $519M | |
| Inventory | $777M | $523M | $637M | $696M | $755M | $752M | $454M | $512M | $506M | $459M | $443M | $385M | |
| Prepaid Expense | $113M | $97M | $88M | $77M | $106M | $154M | $47M | $51M | $74M | $72M | $72M | $39M | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | $72M | $143M | |
| Current Assets | $1.82B | $1.61B | $1.62B | $1.83B | $1.73B | $1.83B | $2.02B | $1.30B | $1.31B | $1.51B | $1.49B | $1.43B | |
| PP&E (Net) | $1.51B | $1.27B | $1.31B | $1.34B | $1.33B | $1.30B | $1.10B | $1.03B | $996M | $931M | $906M | $918M | |
| PP&E (Gross) | $4.61B | $4.18B | $4.14B | $4.05B | $3.86B | $3.68B | $3.33B | $3.18B | $3.06B | $2.93B | $2.82B | $2.76B | |
| Accum. Depreciation | $3.10B | $2.91B | $2.82B | $2.71B | $2.53B | $2.38B | $2.22B | $2.15B | $2.06B | $2.00B | $1.91B | $1.84B | |
| Goodwill | $1.95B | $1.23B | $1.23B | $1.25B | $1.56B | $1.57B | $1.58B | $1.59B | $1.60B | $1.20B | $1.20B | $1.07B | |
| Intangibles | · | $566M | $681M | $712M | $884M | $918M | $894M | $912M | $929M | $722M | $735M | $585M | |
| Other Non-current Assets | $517M | $558M | $545M | $462M | $315M | $378M | $328M | $274M | $222M | $210M | $187M | $165M | |
| Total Assets | $7.79B | $5.56B | $5.75B | $5.95B | $6.16B | $6.33B | $6.21B | $5.12B | $5.06B | $4.57B | $4.51B | $4.15B | |
| Accounts Payable | $996M | $838M | $950M | $1.02B | $960M | $930M | $575M | $507M | $507M | $501M | $490M | $431M | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | · | $548M | |
| Short-term Debt | $1.09B | $4M | $4M | $50M | $237M | $0 | $0 | $396M | $199M | $404M | $523M | $95M | |
| Current Liabilities | $2.77B | $1.92B | $1.57B | $1.92B | $1.78B | $2.06B | $1.42B | $1.44B | $1.20B | $1.81B | $1.56B | $1.41B | |
| Capital Leases | $366M | $305M | $334M | $310M | $314M | $301M | $278M | · | · | · | · | · | |
| Deferred Tax | $17M | $20M | $22M | $28M | $66M | $67M | $62M | $50M | $72M | $61M | $82M | $95M | |
| Other Non-current Liabilities | $405M | $351M | $848M | $825M | $791M | $834M | $767M | $780M | $102M | $113M | $107M | $119M | |
| Total Liabilities | $7.54B | $5.08B | $5.26B | $5.56B | $5.43B | $5.74B | $5.30B | $4.56B | $4.33B | $4.03B | $4.21B | $4.05B | |
| Long-term Debt | $3.98B | $2.48B | $2.48B | $2.48B | $2.47B | $2.78B | $2.78B | $2.29B | $2.28B | $1.79B | $1.79B | $2.10B | |
| Total Debt | $5.07B | $2.49B | $2.48B | $2.53B | $2.71B | $2.78B | $2.78B | $2.68B | $2.48B | $2.19B | · | $2.19B | |
| Common Stock | $131M | $131M | $131M | $131M | $131M | $131M | $159M | $159M | $159M | $159M | $159M | $159M | |
| Retained Earnings | $386M | $432M | $250M | $583M | $1.05B | $1.04B | $3.57B | $3.15B | $2.80B | $2.44B | $2.16B | $1.92B | |
| Treasury Stock | $1.58B | $1.40B | $1.19B | $1.25B | $1.35B | $1.40B | $3.31B | $3.19B | $2.66B | $2.44B | $2.32B | $2.24B | |
| AOCI | $-157M | $-157M | $-155M | $-493M | $-479M | $-546M | $-640M | $-602M | $-547M | $-543M | $-570M | $-502M | |
| Stockholders' Equity | $90M | $321M | $328M | $220M | $556M | $411M | $908M | $559M | $726M | $542M | $297M | $118M | |
| Liabilities + Equity | $7.79B | $5.56B | $5.75B | $5.95B | $6.16B | $6.33B | $6.21B | $5.12B | $5.06B | $4.57B | $4.51B | $4.16B | |
| Shares Outstanding | 120,926,454 | 122,694,263 | 130,741,000 | 130,741,000 | 130,741,000 | 130,741,000 | 158,741,000 | 158,741,000 | 127,982,767 | 129,014,172 | 129,355,263 | 128,614,310 |
Cash Flow 19
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $247M | $219M | $235M | $236M | $224M | $211M | $180M | $180M | $166M | $163M | $165M | $169M | |
| Stock-based Comp | $48M | $81M | $74M | $73M | $52M | $50M | $50M | $43M | $53M | $51M | $45M | $32M | |
| Deferred Tax | $81M | $-18M | $-100M | $-149M | $5M | $-32M | $-2M | $-20M | $-23M | $-35M | $5M | $-16M | |
| Amort. of Intangibles | $28M | $21M | $29M | $30M | $31M | $32M | $14M | $15M | $10M | $10M | $8M | $12M | |
| Restructuring | · | $0 | $29M | $71M | · | · | · | · | · | · | · | $2M | |
| Other Non-cash | $-351M | $-111M | $206M | $849M | $43M | $337M | $379M | $-31M | $-45M | $-12M | · | · | |
| Operating Cash Flow | $612M | $981M | $695M | $1.16B | $786M | $1.28B | $1.55B | $992M | $976M | $865M | $778M | $874M | |
| CapEx | $207M | $220M | $212M | $228M | $251M | $331M | $254M | $206M | $194M | $231M | $172M | $125M | |
| Investing Cash Flow | $-2.30B | $-94M | $-175M | $-223M | $-229M | $-452M | $-252M | $-196M | $-859M | $-205M | $-430M | $-106M | |
| Debt Issued | · | · | $0 | $0 | $1.08B | $0 | $492M | $0 | $891M | $0 | $0 | $495M | |
| Net Debt Issued | · | · | $0 | $0 | $-320M | $0 | $492M | $0 | $491M | $0 | · | $-80M | |
| Stock Repurchased | $256M | $332M | $0 | $0 | $25M | $905M | $248M | $661M | $271M | $183M | $254M | $434M | |
| Net Stock Activity | $-256M | $-332M | $0 | $0 | $-25M | $-905M | $-248M | $-661M | $-271M | $-183M | · | $-434M | |
| Dividends Paid | $602M | $602M | $595M | $583M | $571M | $558M | $533M | $490M | $450M | $412M | $398M | $385M | |
| Financing Cash Flow | $1.67B | $-924M | $-655M | $-753M | $-689M | $-1.39B | $-523M | $-815M | $-399M | $-645M | $-316M | $-696M | |
| Net Change in Cash | $-23M | $-37M | $-161M | $182M | $-138M | $-555M | $766M | $-21M | $-285M | $14M | $19M | $53M | |
| Taxes Paid | $104M | $264M | $347M | $73M | $100M | $303M | $241M | $207M | $245M | $347M | $323M | $236M | |
| Free Cash Flow | $405M | $761M | $483M | $930M | $535M | $945M | $1.29B | $786M | $780M | $637M | · | $749M | |
| Levered FCF | $306M | $694M | $417M | $869M | $453M | $866M | $1.21B | $708M | $714M | $577M | · | · |
Profitability 6
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.3% | 45.2% | 43.0% | 39.4% | 35.8% | · | · | · | 43.7% | 44.7% | · | 43.6% | |
| Net Margin | 8.7% | 11.4% | 4.0% | 2.0% | 6.5% | · | · | · | 13.4% | 11.7% | · | 10.3% | |
| Pretax Margin | 11.8% | 15.2% | 5.6% | 3.2% | 8.5% | · | · | · | 17.2% | 17.3% | · | · | |
| EBITDA Margin | 3.7% | 3.1% | 3.3% | 3.2% | 3.1% | · | · | · | 2.7% | 2.7% | · | · | |
| ROA | 8.8% | 14.3% | 4.8% | 2.5% | 7.4% | 11.3% | 16.6% | 16.1% | 17.1% | 15.4% | · | 13.8% | |
| ROE | 285.6% | 249.6% | 102.2% | 38.4% | 95.5% | 107.7% | 128.4% | 122.4% | 105.3% | 167.1% | · | 426.5% |
Liquidity & Solvency 4
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.8 | 1.0 | 1.0 | 1.0 | 0.9 | 1.4 | 0.9 | 1.1 | 0.8 | · | 1.0 | |
| Quick Ratio | 0.3 | 0.5 | 0.6 | 0.6 | 0.5 | 0.4 | 1.1 | 0.5 | 0.6 | 0.5 | · | 0.6 | |
| Debt / Equity | 56.3 | 7.8 | 7.6 | 11.5 | 4.9 | 6.8 | 3.1 | 4.8 | 3.4 | 4.0 | · | 18.6 | |
| LT Debt / Equity | 44.2 | 7.7 | 7.6 | 11.3 | 4.4 | 6.0 | 3.1 | 4.1 | 3.1 | 2.6 | · | 15.2 |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.0 | 1.3 | 1.2 | 1.2 | 1.1 | · | · | · | 1.3 | 1.3 | · | 1.3 | |
| Inventory Turnover | 6.0 | 6.7 | 6.1 | 6.2 | 6.1 | 6.9 | 7.6 | 6.8 | 7.1 | 7.3 | · | 8.3 | |
| Receivables Turnover | 8.3 | 9.4 | 10.3 | 10.8 | 11.1 | · | · | · | 10.5 | 10.5 | · | 10.6 |
Growth Rates 10
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -5.4% | 0.16% | -4.0% | 4.0% | -3.2% | 9.2% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -3.1% | -0.01% | -1.1% | 3.2% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -1.8% | 1.1% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -26.2% | 189.8% | 87.5% | -67.8% | -33.1% | -24.2% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 58.9% | 20.5% | -26.1% | -45.4% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -2.9% | -2.4% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -27.5% | 189.3% | 87.9% | -67.8% | -34.9% | -24.4% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 57.9% | 20.6% | -26.7% | -45.9% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -3.7% | -2.9% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 1.5% | 2.5% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.72B | $7.10B | $7.09B | $7.39B | $7.11B | $7.34B | $6.72B | $6.28B | $6.12B | $5.97B | $5.76B | $5.66B | |
| Net Income TTM | $587M | $810M | $280M | $149M | $462M | $710M | $939M | $820M | $823M | $701M | $648M | $580M | |
| Market Cap | $11.54B | $14.73B | $16.95B | $19.69B | $17.36B | $22.09B | $27.68B | $19.24B | $17.31B | $17.19B | · | $13.38B | |
| Enterprise Value | $16.47B | $17.05B | $19.23B | $21.85B | $19.89B | $24.55B | $29.59B | $21.82B | $19.66B | $18.97B | · | $15.19B | |
| P/E | 19.8 | 18.4 | 60.7 | 132.5 | 37.8 | 32.2 | 29.8 | 24.2 | 21.6 | 25.0 | 28.1 | 23.8 | |
| P/S | 1.7 | 2.1 | 2.4 | 2.7 | 2.4 | 3.0 | 4.1 | 3.1 | 2.8 | 2.9 | · | 2.4 | |
| P/B | 128.2 | 45.9 | 51.7 | 89.5 | 31.2 | 53.7 | 30.5 | 34.4 | 23.8 | 31.7 | · | 113.4 | |
| P / Cash Flow | 18.9 | 15.0 | 24.4 | 17.0 | 22.1 | 17.3 | 17.9 | 19.4 | 17.8 | 19.8 | · | 15.3 | |
| P / FCF | 28.5 | 19.4 | 35.1 | 21.2 | 32.5 | 23.4 | 21.4 | 24.5 | 22.2 | 27.0 | · | 17.9 | |
| EV / EBITDA | 66.7 | 77.9 | 81.8 | 92.6 | 88.8 | 116.4 | 164.4 | 121.2 | 118.4 | 116.4 | · | · | |
| EV / FCF | 40.7 | 22.4 | 39.8 | 23.5 | 37.2 | 26.0 | 22.9 | 27.8 | 25.2 | 29.8 | · | 20.3 | |
| EV / Revenue | 2.5 | 2.4 | 2.7 | 3.0 | 2.8 | 3.3 | 4.4 | 3.5 | 3.2 | 3.2 | · | 2.7 | |
| Dividend Yield | 5.2% | 4.1% | 3.5% | 3.0% | 3.3% | 2.5% | 1.9% | 2.5% | 2.6% | 2.4% | · | 2.9% | |
| Earnings Yield | 5.0% | 5.4% | 1.7% | 0.75% | 2.6% | 3.1% | 3.4% | 4.1% | 4.6% | 4.0% | 3.6% | 4.2% | |
| Payout Ratio | 102.6% | 74.3% | 212.5% | 391.3% | 123.6% | 78.6% | 56.8% | 59.8% | 54.7% | 58.8% | · | 66.4% | |
| Annual Payout | $602M | $602M | $595M | $583M | $571M | $558M | $533M | $490M | $450M | $412M | $398M | $385M |
Income Statement 14
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.95B | $1.67B | $1.67B | $1.43B | $1.99B | $1.67B | $1.69B | $1.76B | $1.90B | $1.81B | $1.99B | $1.39B | $2.02B | $1.92B | $1.72B | $1.74B | |
| Cost of Revenue | $1.14B | $948M | $951M | $833M | $1.06B | $924M | $948M | $955M | $1.02B | $1.05B | $1.12B | $854M | $1.16B | $1.11B | $1.09B | $1.11B | |
| Gross Profit | $804M | $722M | $722M | $596M | $924M | $744M | $738M | $807M | $884M | $766M | $866M | $532M | $862M | $800M | $620M | $626M | |
| R&D Expense | $32M | $27M | $29M | $28M | $32M | $27M | $31M | $31M | $33M | $32M | $32M | $29M | $38M | $35M | $33M | $32M | |
| SG&A Expense | $298M | $229M | $262M | $277M | $296M | $267M | $280M | $281M | $268M | $301M | $322M | $276M | $329M | $311M | $282M | $261M | |
| Interest Expense | $55M | $27M | $25M | $23M | $22M | $23M | $22M | $21M | $21M | $22M | $26M | $21M | $21M | $24M | $23M | $22M | |
| Pretax Income | $213M | $256M | $215M | $107M | $410M | $254M | $237M | $177M | $275M | $-42M | $136M | $29M | $237M | $-245M | $130M | $116M | |
| Income Tax | $46M | $65M | $54M | $25M | $74M | $63M | $43M | $74M | $54M | $8M | $40M | $4M | $56M | $-36M | $28M | $29M | |
| Net Income | $163M | $187M | $157M | $80M | $332M | $186M | $193M | $99M | $216M | $-51M | $93M | $22M | $176M | $-211M | $99M | $85M | |
| EPS (Basic) | $1.34 | $1.54 | $1.29 | $0.65 | $2.70 | $1.51 | $1.55 | $0.80 | $1.75 | $-0.41 | $0.75 | $0.17 | $1.42 | $-1.71 | $0.81 | $0.69 | |
| EPS (Diluted) | $1.33 | $1.54 | $1.29 | $0.65 | $2.68 | $1.50 | $1.54 | $0.80 | $1.74 | $-0.41 | $0.75 | $0.17 | $1.43 | $-1.71 | $0.80 | $0.68 | |
| Shares (Basic) | -243,819,000 | 121,363,000 | 121,602,000 | 122,629,000 | -247,403,000 | 123,367,000 | 123,766,000 | 123,795,000 | -248,224,000 | 124,249,000 | 124,176,000 | 123,973,000 | -246,945,000 | 123,649,000 | 123,546,000 | 123,339,000 | |
| Shares (Diluted) | -244,588,000 | 121,787,000 | 121,915,000 | 123,018,000 | -249,118,000 | 124,066,000 | 124,662,000 | 124,677,000 | -248,715,000 | 124,249,000 | 124,620,000 | 124,650,000 | -247,370,000 | 123,649,000 | 123,988,000 | 123,914,000 | |
| EBITDA | · | $58M | $55M | $56M | · | · | · | $54M | · | · | · | $61M | · | · | · | $56M |
Balance Sheet 28
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $143M | $1.19B | $227M | $166M | $167M | $226M | $290M | $278M | $202M | $219M | $355M | $518M | · | $242M | $168M | $278M | |
| Receivables | $791M | $671M | $671M | $703M | $821M | $597M | $603M | $595M | $695M | $673M | $679M | $581M | · | $678M | $600M | $612M | |
| Inventory | $777M | $588M | $608M | $577M | $523M | $635M | $592M | $594M | $637M | $674M | $655M | $710M | · | $735M | $741M | $755M | |
| Prepaid Expense | $113M | $205M | $222M | $249M | $97M | $132M | $147M | $109M | $88M | $95M | $115M | $102M | · | $90M | $113M | $118M | |
| Current Assets | $1.82B | $2.65B | $1.73B | $1.70B | $1.61B | $1.59B | $1.63B | $1.58B | $1.62B | $1.66B | $1.80B | $1.91B | · | $1.75B | $1.62B | $1.76B | |
| PP&E (Net) | $1.51B | $1.24B | $1.25B | $1.25B | $1.27B | $1.25B | $1.24B | $1.24B | $1.31B | $1.29B | $1.31B | $1.32B | · | $1.31B | $1.32B | $1.32B | |
| PP&E (Gross) | $4.61B | · | · | · | $4.18B | · | · | · | $4.14B | · | · | · | · | · | · | · | |
| Accum. Depreciation | $3.10B | $3.04B | $3.01B | $2.96B | $2.91B | $2.87B | $2.83B | $2.80B | $2.82B | $2.80B | $2.79B | $2.77B | · | $2.67B | $2.62B | $2.58B | |
| Goodwill | $1.95B | $1.23B | $1.23B | $1.23B | $1.23B | $1.22B | $1.22B | $1.23B | $1.23B | $1.23B | $1.25B | $1.25B | $1.25B | $1.25B | $1.55B | $1.55B | |
| Intangibles | · | · | · | · | $566M | · | · | · | $681M | · | · | · | · | $722M | · | · | |
| Other Non-current Assets | $517M | $415M | $483M | $476M | $558M | $537M | $548M | $524M | $545M | $556M | $486M | $486M | · | $427M | $331M | $311M | |
| Total Assets | $7.79B | $6.44B | $5.61B | $5.53B | $5.56B | $5.51B | $5.58B | $5.50B | $5.75B | $5.80B | $5.91B | $5.99B | · | $5.82B | $6.04B | $6.15B | |
| Accounts Payable | $996M | $1.48B | $1.96B | $1.93B | $838M | $2.02B | $1.46B | $1.47B | $950M | $1.65B | $1.65B | $1.68B | · | $1.72B | $1.59B | $1.58B | |
| Short-term Debt | $1.09B | $1.59B | $307M | $218M | $4M | $54M | $189M | $4M | $4M | $111M | $247M | $347M | · | $138M | $209M | $348M | |
| Current Liabilities | $2.77B | $3.15B | $2.35B | $2.23B | $1.92B | $2.15B | $1.73B | $1.58B | $1.57B | $1.85B | $2.02B | $2.23B | · | $2.00B | $1.88B | $2.01B | |
| Capital Leases | $366M | $323M | $341M | $286M | $305M | $322M | $339M | $315M | $334M | $347M | $311M | $290M | · | $323M | $318M | $308M | |
| Deferred Tax | $17M | $23M | $19M | $20M | $20M | $21M | $22M | $23M | $22M | $24M | $26M | $27M | · | $27M | $56M | $59M | |
| Other Non-current Liabilities | $405M | $356M | $385M | $365M | $351M | $341M | $882M | $874M | $848M | $853M | $852M | $837M | · | $824M | $826M | $805M | |
| Total Liabilities | $7.54B | $6.34B | $5.58B | $5.39B | $5.08B | $5.32B | $5.46B | $5.27B | $5.26B | $5.55B | $5.69B | $5.86B | · | $5.65B | $5.55B | $5.66B | |
| Long-term Debt | $3.98B | · | · | · | $2.48B | · | · | · | $2.48B | · | · | · | · | · | · | · | |
| Total Debt | · | $4.08B | $2.79B | $2.70B | · | $2.54B | $2.67B | $2.49B | · | $2.59B | $2.73B | $2.83B | · | $2.61B | $2.69B | $2.82B | |
| Common Stock | $131M | $131M | $131M | $131M | $131M | $131M | $131M | $131M | $131M | $131M | $131M | $131M | · | $131M | $131M | $131M | |
| Retained Earnings | $386M | $223M | $190M | $200M | $432M | $99M | $68M | $31M | $250M | $34M | $241M | $299M | · | $415M | $782M | $832M | |
| Treasury Stock | $1.58B | $1.58B | $1.59B | $1.51B | $1.40B | $1.33B | $1.35B | $1.25B | $1.19B | $1.19B | $1.21B | $1.22B | · | $1.28B | $1.30B | $1.31B | |
| AOCI | $-157M | $-152M | $-159M | $-165M | $-157M | $-176M | $-181M | $-147M | $-155M | $-155M | $-359M | $-494M | · | $-498M | $-502M | $-515M | |
| Stockholders' Equity | $90M | $-67M | $-125M | $-22M | $321M | $27M | $-41M | $60M | $328M | $91M | $53M | $-37M | · | $3M | $321M | $326M | |
| Liabilities + Equity | $7.79B | $6.44B | $5.61B | $5.53B | $5.56B | $5.51B | $5.58B | $5.50B | $5.75B | $5.80B | $5.91B | $5.99B | · | $5.82B | $6.04B | $6.15B | |
| Shares Outstanding | 120,926,454 | 120,920,243 | 120,890,241 | 121,775,608 | 122,694,263 | 123,251,595 | 123,150,847 | 123,673,684 | 130,741,000 | 124,186,844 | 124,080,634 | 124,001,348 | 130,741,000 | 123,611,466 | 123,478,269 | 123,355,986 |
Cash Flow 17
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $78M | $58M | $55M | $56M | $57M | $55M | $53M | $54M | $59M | $58M | $57M | $61M | $62M | $60M | $58M | $56M | |
| Stock-based Comp | $-1M | $15M | $24M | $10M | $17M | $24M | $27M | $13M | $19M | $26M | $16M | $13M | $13M | $29M | $21M | $10M | |
| Deferred Tax | $-54M | $43M | $8M | $84M | $-2M | $3M | $-18M | $-1M | $26M | $-66M | $-55M | $-5M | $-27M | $-114M | $-3M | $-5M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | · | · | $8M | $7M | · | · | |
| Restructuring | · | · | · | · | · | · | · | · | $15M | $11M | $3M | $0 | · | $22M | $4M | $22M | |
| Other Non-cash | · | · | · | $-137M | · | · | · | $56M | · | · | · | $-71M | · | · | · | $32M | |
| Operating Cash Flow | $330M | $-122M | $311M | $93M | $294M | $286M | $180M | $221M | $340M | $182M | $153M | $20M | $430M | $341M | $209M | $178M | |
| CapEx | $86M | $43M | $42M | $36M | $75M | $53M | $53M | $39M | $81M | $55M | $52M | $24M | $84M | $56M | $42M | $46M | |
| Investing Cash Flow | $-2.18B | $-43M | $-43M | $-34M | $-76M | $-53M | $-54M | $89M | $-81M | $-38M | $-33M | $-23M | $-81M | $-55M | $-42M | $-45M | |
| Stock Repurchased | $0 | $0 | $127M | $129M | $75M | $0 | $150M | $107M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Stock Activity | · | · | · | $-129M | · | · | · | $-107M | · | · | · | · | · | · | · | $0 | |
| Dividends Paid | $150M | $150M | $151M | $151M | $150M | $150M | $151M | $151M | $149M | $148M | $149M | $149M | $146M | $146M | $146M | $145M | |
| Financing Cash Flow | $811M | $1.13B | $-210M | $-59M | $-279M | $-299M | $-109M | $-237M | $-273M | $-278M | $-259M | $155M | $-227M | $-211M | $-280M | $-35M | |
| Net Change in Cash | $-1.04B | $958M | $60M | $-1M | $-59M | $-65M | $12M | $75M | $-14M | $-137M | $-162M | $152M | $122M | $76M | $-110M | $94M | |
| Taxes Paid | · | · | · | · | $56M | $60M | $116M | $32M | $33M | $120M | $178M | $16M | $12M | $11M | · | · | |
| Free Cash Flow | · | · | · | $57M | · | · | · | $182M | · | · | · | $-4M | · | · | · | $132M | |
| Levered FCF | · | · | · | $39M | · | · | · | $170M | · | · | · | $-22M | · | · | · | $116M |
Profitability 6
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 43.2% | 43.2% | 41.7% | · | 44.6% | 43.8% | 45.8% | · | 42.2% | 43.5% | 38.4% | · | 41.8% | 36.1% | 36.0% | |
| Net Margin | · | 11.2% | 9.4% | 5.6% | · | 11.2% | 11.5% | 5.6% | · | -2.8% | 4.7% | 1.6% | · | -11.0% | 5.8% | 4.9% | |
| Pretax Margin | · | 15.3% | 12.8% | 7.5% | · | 15.2% | 14.1% | 10.1% | · | -2.3% | 6.8% | 2.1% | · | -12.8% | 7.6% | 6.7% | |
| EBITDA Margin | · | 3.5% | 3.3% | 3.9% | · | · | · | 3.1% | · | · | · | 4.4% | · | · | · | 3.2% | |
| ROA | · | 3.1% | 2.8% | 1.5% | · | 3.3% | 3.4% | 1.7% | · | -0.88% | 1.6% | 0.36% | · | -3.5% | 1.6% | 1.4% | |
| ROE | · | -935.0% | -189.2% | 421.0% | · | 315.2% | 3216.7% | 860.9% | · | -108.5% | 49.7% | 15.2% | · | -104.7% | 31.2% | 24.5% |
Liquidity & Solvency 4
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 0.8 | 0.7 | 0.8 | · | 0.7 | 0.9 | 1.0 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 0.9 | 0.9 | |
| Quick Ratio | · | 0.6 | 0.4 | 0.4 | · | 0.4 | 0.5 | 0.6 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.4 | 0.4 | |
| Debt / Equity | · | -60.9 | -22.3 | -122.9 | · | 94.0 | -65.2 | 41.4 | · | 28.5 | 51.4 | -76.4 | · | 871.3 | 8.4 | 8.7 | |
| LT Debt / Equity | · | -37.1 | -19.9 | -113.0 | · | 92.0 | -60.6 | 41.4 | · | 27.3 | 46.8 | -67.0 | · | 825.3 | 7.7 | 7.6 |
Efficiency 3
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.2 | · | 0.3 | 0.3 | 0.3 | |
| Inventory Turnover | · | 1.6 | 1.6 | 1.4 | · | 1.4 | 1.5 | 1.5 | · | 1.5 | 1.6 | 1.2 | · | 1.4 | 1.4 | 1.4 | |
| Receivables Turnover | · | 2.6 | 2.6 | 2.2 | · | 2.6 | 2.6 | 3.0 | · | 2.7 | 3.1 | 2.3 | · | 2.9 | 2.9 | 2.7 |
Valuation (TTM) 14
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $6.44B | $6.46B | $6.54B | · | $6.93B | $7.25B | $6.95B | · | $7.11B | $7.01B | $6.76B | · | $7.18B | $6.96B | $7.05B | |
| Net Income TTM | · | $610M | $616M | $558M | · | $427M | $334M | $163M | · | $-147M | $3M | $-5M | · | $123M | $403M | $446M | |
| Market Cap | · | $12.53B | $12.19B | $15.01B | · | $18.15B | $20.00B | $20.15B | · | $19.01B | $17.69B | $16.25B | · | $19.56B | $17.33B | $15.84B | |
| Enterprise Value | · | $15.42B | $14.76B | $17.55B | · | $20.46B | $22.38B | $22.36B | · | $21.39B | $20.06B | $18.56B | · | $21.93B | $19.84B | $18.38B | |
| P/E | · | 20.8 | 20.2 | 27.5 | · | 42.9 | 60.6 | 124.4 | · | -127.6 | 14259.0 | -2184.3 | · | 161.5 | 43.2 | 35.8 | |
| P/S | · | 1.9 | 1.9 | 2.3 | · | 2.6 | 2.8 | 2.9 | · | 2.7 | 2.5 | 2.4 | · | 2.7 | 2.5 | 2.2 | |
| P/B | · | -187.0 | -97.5 | -682.5 | · | 672.2 | -487.8 | 335.8 | · | 208.9 | 333.8 | -439.2 | · | 6520.1 | 54.0 | 48.6 | |
| P / Cash Flow | · | · | · | 161.5 | · | · | · | 91.2 | · | · | · | 812.6 | · | · | · | 89.0 | |
| P / FCF | · | · | · | 263.4 | · | · | · | 110.7 | · | · | · | -4062.9 | · | · | · | 120.0 | |
| EV / EBITDA | · | 265.9 | 268.3 | 313.4 | · | · | · | 414.0 | · | · | · | 304.2 | · | · | · | 328.3 | |
| EV / FCF | · | · | · | 307.9 | · | · | · | 122.8 | · | · | · | -4639.7 | · | · | · | 139.3 | |
| EV / Revenue | · | 2.4 | 2.3 | 2.7 | · | 3.0 | 3.1 | 3.2 | · | 3.0 | 2.9 | 2.7 | · | 3.1 | 2.9 | 2.6 | |
| Earnings Yield | · | 4.8% | 4.9% | 3.6% | · | 2.3% | 1.7% | 0.80% | · | -0.78% | 0.01% | -0.05% | · | 0.62% | 2.3% | 2.8% | |
| Payout Ratio | · | · | · | 188.8% | · | · | · | 152.5% | · | · | · | 677.3% | · | · | · | 170.6% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Revenue | $6.72B | $7.10B | $7.09B | $7.39B | $7.11B |
| Gross Margin % | 42.3% | 45.2% | 43.0% | 39.4% | 35.8% |
| Net Income | $587M | $810M | $280M | $149M | $462M |
| Diluted EPS | $4.81 | $6.52 | $2.25 | $1.20 | $3.73 |
Balance Sheet
| 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 56.3 | 7.8 | 7.6 | 11.5 | 4.9 |
| Current Ratio | 0.7 | 0.8 | 1.0 | 1.0 | 1.0 |
| Quick Ratio | 0.3 | 0.5 | 0.6 | 0.6 | 0.5 |
Cash Flow
| 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $405M | $761M | $483M | $930M | $535M |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 1,176 filers · $7.1B 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 |
|---|---|---|---|---|
| 131 (-47 vs prior Q) | 153 (+44 vs prior Q) | 386 (-13 vs prior Q) | 359 (+35 vs prior Q) | +22.5M |
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 |
|---|---|---|---|---|
| STATE STREET CORP | $804,799,995 | 8,432,523 | 11.39% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $753,631,462 | 7,896,390 | 10.67% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $553,547,419 | 5,799,952 | 7.83% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $272,028,802 | 2,863,136 | 3.85% | Shares |
| VAN ECK ASSOCIATES CORP | $259,513,481 | 2,719,127 | 3.67% | Shares |
| MILLENNIUM MANAGEMENT LLC | $197,848,074 | 2,073,010 | 2.80% | Shares |
| ProShare Advisors LLC | $156,059,576 | 1,635,159 | 2.21% | Shares |
| CITADEL ADVISORS LLC | $128,606,832 | 1,347,515 | 1.82% | Shares |
| TWO SIGMA ADVISERS, LP | $126,692,895 | 1,256,500 | 1.79% | Shares |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $118,713,305 | 1,243,853 | 1.68% | Shares |
| EQUITY INVESTMENT CORP | $111,799,736 | 1,171,414 | 1.58% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $108,513,180 | 1,136,978 | 1.54% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $105,302,297 | 1,103,335 | 1.49% | Shares |
| MASTERS CAPITAL MANAGEMENT LLC | $95,440,000 | 1,000,000 | 1.35% | Call option |
| NORGES BANK | $89,728,870 | 940,160 | 1.27% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $78,347,937 | 820,913 | 1.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $78,031,744 | 817,600 | 1.10% | Put option |
| Squarepoint Ops LLC | $74,338,216 | 778,900 | 1.05% | Call option |
| VANGUARD FIDUCIARY TRUST CO | $64,800,038 | 678,961 | 0.92% | Shares |
| JANE STREET GROUP, LLC | $61,282,024 | 642,100 | 0.87% | Call option |
| GOLDMAN SACHS GROUP INC | $59,777,424 | 626,335 | 0.85% | Shares |
| FMR LLC | $55,821,523 | 584,886 | 0.79% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $55,114,596 | 577,479 | 0.78% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $51,841,863 | 543,188 | 0.73% | Shares |
| JANE STREET GROUP, LLC | $51,232,192 | 536,800 | 0.73% | Put option |
| NUANCE INVESTMENTS, LLC | $50,462,720 | 528,738 | 0.71% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $49,463,307 | 518,266 | 0.70% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $46,507,912 | 487,300 | 0.66% | Call option |
| WELLS FARGO & COMPANY/MN | $45,811,200 | 480,000 | 0.65% | Put option |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $45,544,911 | 451,700 | 0.64% | Shares |
| LPL Financial LLC | $45,328,034 | 474,938 | 0.64% | Shares |
| CITADEL ADVISORS LLC | $41,201,448 | 431,700 | 0.58% | Put option |
| NOMURA ASSET MANAGEMENT CO LTD | $40,647,896 | 425,900 | 0.58% | Shares |
| Balyasny Asset Management L.P. | $39,290,167 | 411,674 | 0.56% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $38,776,802 | 412,037 | 0.55% | Shares |
| BANK OF AMERICA CORP /DE/ | $36,692,724 | 384,459 | 0.52% | Shares |
| Minneapolis Portfolio Management Group, LLC | $35,063,634 | 367,389 | 0.50% | Shares |
| RAYMOND JAMES FINANCIAL INC | $34,887,869 | 365,548 | 0.49% | Shares |
| FIRST TRUST ADVISORS LP | $34,727,215 | 363,864 | 0.49% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $32,769,053 | 343,344 | 0.46% | Shares |
| Swiss National Bank | $32,554,584 | 341,100 | 0.46% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $32,374,107 | 339,209 | 0.46% | Shares |
| Birch Hill Investment Advisors LLC | $31,009,697 | 324,913 | 0.44% | Shares |
| Freestone Grove Partners LP | $30,463,303 | 319,188 | 0.43% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $29,442,381 | 308,491 | 0.42% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $28,396,395 | 297,531 | 0.40% | Shares |
| Fundsmith LLP | $25,894,590 | 271,318 | 0.37% | Shares |
| MAC Alpha Capital Management, LP | $25,178,127 | 263,789 | 0.36% | Shares |
| RHUMBLINE ADVISERS | $25,070,363 | 262,683 | 0.35% | Shares |
| Vanguard Global Advisers, LLC | $23,804,549 | 249,419 | 0.34% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $23,781,515 | 249,178 | 0.34% | Shares |
| VANGUARD GROUP INC | $22,444,556 | 222,598 | 0.32% | Shares |
| Willis Investment Counsel | $21,884,392 | 229,300 | 0.31% | Shares |
| BARCLAYS PLC | $21,884,012 | 229,296 | 0.31% | Shares |
| TODD ASSET MANAGEMENT LLC | $20,370,046 | 213,433 | 0.29% | Shares |
| PineBridge Investments, L.P. | $20,003,576 | 162,235 | 0.28% | Shares |
| UBS Group AG | $19,645,083 | 205,837 | 0.28% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $19,189,644 | 201,065 | 0.27% | Shares |
| Squarepoint Ops LLC | $19,049,824 | 199,600 | 0.27% | Put option |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $18,838,690 | 181,788 | 0.27% | Shares |
| BlackRock, Inc. | $18,001,225 | 188,613 | 0.25% | Shares |
| CRAWFORD INVESTMENT COUNSEL INC | $16,634,817 | 174,296 | 0.24% | Shares |
| Quantinno Capital Management LP | $16,249,393 | 170,257 | 0.23% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $16,142,541 | 169,138 | 0.23% | Shares |
| D. E. Shaw & Co., Inc. | $15,509,000 | 162,500 | 0.22% | Put option |
| JONES FINANCIAL COMPANIES LLLP | $13,411,019 | 137,493 | 0.19% | Shares |
| Korea Investment CORP | $13,344,325 | 139,819 | 0.19% | Shares |
| California Public Employees Retirement System | $13,311,780 | 139,478 | 0.19% | Shares |
| DEPRINCE RACE & ZOLLO INC | $12,924,423 | 124,717 | 0.18% | Shares |
| MILLENNIUM MANAGEMENT LLC | $12,913,032 | 135,300 | 0.18% | Put option |
| TUDOR INVESTMENT CORP ET AL | $12,607,051 | 132,094 | 0.18% | Shares |
| Quinn Opportunity Partners LLC | $12,426,288 | 130,200 | 0.18% | Shares |
| ALLIANCEBERNSTEIN L.P. | $12,421,817 | 119,867 | 0.18% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $12,342,778 | 129,325 | 0.17% | Shares |
| Lombard Odier Asset Management (Switzerland) SA | $12,187,688 | 127,700 | 0.17% | Shares |
| MILLENNIUM MANAGEMENT LLC | $12,015,896 | 125,900 | 0.17% | Call option |
| Meiji Yasuda Asset Management Co Ltd. | $11,078,580 | 116,079 | 0.16% | Shares |
| Cetera Investment Advisers | $11,069,852 | 115,987 | 0.16% | Shares |
| D. E. Shaw & Co., Inc. | $10,989,916 | 115,150 | 0.16% | Shares |
| PINEBRIDGE INVESTMENTS LLC | $10,976,077 | 115,005 | 0.16% | Shares |
| ICICI Prudential Asset Management Co Ltd | $10,498,400 | 110,000 | 0.15% | Shares |
| BANK OF MONTREAL /CAN/ | $10,292,154 | 107,839 | 0.15% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $10,283,946 | 107,753 | 0.15% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $10,275,548 | 107,665 | 0.15% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $10,152,621 | 106,377 | 0.14% | Shares |
| AVIVA PLC | $9,829,652 | 102,993 | 0.14% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $9,704,639 | 93,647 | 0.14% | Shares |
| XTX Topco Ltd | $9,581,794 | 100,396 | 0.14% | Shares |
| WOLVERINE TRADING, LLC | $9,544,024 | 77,600 | 0.14% | Call option |
| CAPITAL FUND MANAGEMENT S.A. | $9,533,787 | 99,893 | 0.13% | Shares |
| Sound Income Strategies, LLC | $9,205,544 | 96,454 | 0.13% | Shares |
| Gilman Hill Asset Management, LLC | $9,172,080 | 96,103 | 0.13% | Shares |
| IMC-Chicago, LLC | $8,854,255 | 92,773 | 0.13% | Shares |
| TUDOR INVESTMENT CORP ET AL | $8,818,656 | 92,400 | 0.12% | Put option |
| SAMLYN CAPITAL, LLC | $8,809,112 | 92,300 | 0.12% | Call option |
| Carlson Capital, L.P. | $8,289,441 | 86,855 | 0.12% | Shares |
| Cyndeo Wealth Partners, LLC | $8,280,398 | 86,760 | 0.12% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $7,964,007 | 82,953 | 0.11% | Shares |
| HighTower Advisors, LLC | $7,926,537 | 83,053 | 0.11% | Shares |
| Asset Management One Co., Ltd. | $7,920,855 | 76,434 | 0.11% | Shares |
Company insiders 94 insiders · 29 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Gerald E Johnston | Chairman & CEO | Oct. 17, 2005 A | 183,422 | 0 | 0 | $0 |
| Luc Bellet | EVP - Chief Financial Officer | June 17, 2026 A | 62,756 | 0 | 0 | $0 |
| Daniel J Heinrich | EVP-Chief Financial Officer | Sept. 13, 2011 A | 51,677 | 0 | 0 | $0 |
| Karen M Rose | Group VP-CFO | Aug. 4, 2003 F | 9,285 | 0 | 0 | $0 |
| Chris T Hyder | EVP-Chief Operating Officer | July 15, 2026 F | 76,860 | 0 | 0 | $0 |
| George C Roeth | EVP-COO - Household | Nov. 3, 2014 M | 1,945 | 0 | 0 | $0 |
| Larry Peiros | Executive VP-COO | Feb. 22, 2013 M | 34,070 | 0 | 0 | $0 |
| Nina Barton | EVP-Chief Growth & Strategy Of | July 22, 2026 F | 26,443 | 0 | 0 | $0 |
| Angela C Hilt | EVP - Chief Legal Officer | June 17, 2026 A | 56,111 | 0 | 0 | $0 |
| Kirsten Marriner | EVP - Chief Admin Officer | June 17, 2026 A | 64,294 | 0 | 0 | $0 |
| Thomas D Johnson | VP - Global Business Services | Feb. 17, 2017 M | 12,754 | 0 | 0 | $0 |
| Jacqueline P Kane | EVP- HR & Corporate Affairs | Dec. 4, 2015 S | 22,411 | 0 | 0 | $0 |
| Frank A Tataseo | EVP - New Bus. Development | Sept. 2, 2015 S | 24,054 | 0 | 0 | $0 |
| Donald R Knauss | Executive Chairman | Feb. 6, 2015 M | 29,697 | 0 | 0 | $0 |
| Wayne L Decker | SVP-Chief Innovation Officer | Nov. 25, 2014 M | 0 | 0 | 0 | $0 |
| Thomas P Britanik | SVP-Chief Marketing Officer | Nov. 10, 2014 M | 13,982 | 0 | 0 | $0 |
| Grant J Lamontagne | SVP-Prof. Products Development | Dec. 3, 2013 M | 19,736 | 0 | 0 | $0 |
| Susan Gentile | VP - Controller | Feb. 20, 2013 S | 1,351 | 0 | 0 | $0 |
| Warwick Lynton Everyburns | SVP, International | Sept. 16, 2008 A | 20,081 | 0 | 0 | $0 |
| Keith R Tandowsky | VP - Internal Audit | May 18, 2005 M | 6,726 | 0 | 0 | $0 |
| Pamela Fletcher | VP - Secretary | Nov. 19, 2004 A | 14,728 | 0 | 0 | $0 |
| Robin Evitts | VP - Internal Audit | Oct. 9, 2004 F | 2,334 | 0 | 0 | $0 |
| Greg S Frank | Vice President-Treasurer | Sept. 29, 2004 F | 4,222 | 0 | 0 | $0 |
| Scott A Weiss | VP-GM, Brita | July 1, 2004 F | 4,424 | 0 | 0 | $0 |
| Craig G Sullivan | Chairman of the Board | Dec. 31, 2003 F | 91,347 | 0 | 0 | $0 |
| Pamela S Hewitt | VP - Human Relations | Sept. 17, 2003 A | — | 0 | 0 | $0 |
| Glenn R Savage | VP-GM, Laundry & Home Care | Sept. 17, 2003 A | 11,423 | 0 | 0 | $0 |
| Peter D Bewley | Sr. VP-General Counsel & Secty | Sept. 17, 2003 A | 13,316 | 0 | 0 | $0 |
| Mark J Richenderfer | VP-Supply Chain | Sept. 17, 2003 A | — | 0 | 0 | $0 |
| Stephanie Plaines | Director | June 30, 2026 A | — | 0 | 0 | $0 |
| Russell J Weiner | Director | June 30, 2026 A | — | 0 | 0 | $0 |
| Pierre R Breber | Director | June 30, 2026 A | 18,000 | 2 | 0 | $845,620 |
| Matthew J Shattock | Director | June 30, 2026 A | — | 0 | 0 | $0 |
| Christopher J Williams | Director | June 30, 2026 A | 849 | 0 | 0 | $0 |
| George J Harad | Director | Sept. 30, 2016 A | 5,503 | 0 | 0 | $0 |
| Rogelio Rebolledo | Director | Dec. 31, 2015 A | — | 0 | 0 | $0 |
| Daniel Boggan JR | Director | Dec. 31, 2014 A | 1,241 | 0 | 0 | $0 |
| Tully M Friedman | Director | Sept. 30, 2014 A | 0 | 0 | 0 | $0 |
| Edward A Mueller | Director | Sept. 30, 2013 A | — | 0 | 0 | $0 |
| Gary G Michael | Director | Dec. 30, 2011 A | 6,651 | 0 | 0 | $0 |
| Jan L Murley | Director | July 11, 2011 M | 4,564 | 0 | 0 | $0 |
| Michael E Shannon | Director | Sept. 28, 2007 A | 3,000 | 0 | 0 | $0 |
| Lary R Scott | Director | Sept. 29, 2006 A | 7,080 | 0 | 0 | $0 |
| William R Johnson | Director | July 1, 2004 A | — | 0 | 0 | $0 |
| Christoph Henkel | Director | July 1, 2004 A | — | 0 | 0 | $0 |
| Stacey Grier | — | March 13, 2026 F | 32,116 | 0 | 0 | $0 |
| Julia Charter | — | Dec. 31, 2025 A | — | 0 | 0 | $0 |
| Stephen B Bratspies | — | Dec. 31, 2025 A | — | 0 | 0 | $0 |
| Esther Lee | — | Dec. 31, 2025 A | — | 0 | 0 | $0 |
| Gina Boswell | — | Dec. 31, 2025 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 7 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 |
|---|---|---|---|---|---|
| High River Limited Partnership, Hopper Investments LLC, Barberry Corp., Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP, Icahn Partners Master Fund III LP, Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings L.P., Icahn Enterprises G.P. Inc., Beckton Corp., Carl C. Icahn ×8 filings | Dec. 1, 2011 | — | Initial filing | — | SEC |
| Sept. 23, 2011 | — | Initial filing | — | SEC | |
| July 20, 2011 | — | Initial filing | — | SEC | |
| July 15, 2011 | — | Initial filing | — | SEC | |
| HC Investments, Inc., Henkel KGaA ×2 filings | Nov. 22, 2004 | — | Initial filing | — | SEC |
| Oct. 7, 2004 | — | Initial filing | — | SEC | |
| Dec. 15, 2003 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 148 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 |
|---|---|---|---|---|
| RSPS · Invesco Exchange-Traded Fund Trust | 3.05% | 71,681 SH | Aug. 8, 2026 | Daily |
| SPHD · Invesco Exchange-Traded Fund Trust … | 2.54% | 825,676 SH | Aug. 8, 2026 | Daily |
| PEY · Invesco Exchange-Traded Fund Trust | 2.36% | 262,665 SH | Aug. 8, 2026 | Daily |
| SNPD · DBX ETF Trust | 1.60% | 462 NS | May 29, 2026 | N-PORT |
| KNG · First Trust Exchange-Traded Fund IV | 1.41% | 492,211 NS | April 30, 2026 | N-PORT |
| RDIV · Invesco Exchange-Traded Fund Trust … | 1.39% | 183,878 SH | Aug. 8, 2026 | Daily |
| NOBL · ProShares Trust | 1.32% | 1,628,539 NS | May 31, 2026 | N-PORT |
| TMDV · ProShares Trust | 1.23% | 605 NS | May 31, 2026 | N-PORT |
| VALQ · AMERICAN CENTURY ETF TRUST | 1.01% | 38,820 NS | May 31, 2026 | N-PORT |
| TIME · Tidal Trust II | 0.94% | 1,500 NS | May 31, 2026 | N-PORT |
| CVAR · ETF Opportunities Trust | 0.93% | 3,722 NS | April 30, 2026 | N-PORT |
| FXG · First Trust Exchange-Traded AlphaDE… | 0.76% | 19,259 NS | April 30, 2026 | N-PORT |
| IYK · iShares Trust | 0.58% | 78,041 SH | Aug. 8, 2026 | Daily |
| VDC · VANGUARD WORLD FUND | 0.56% | 538,067 SH | Aug. 8, 2026 | Daily |
| IQSM · New York Life Investments ETF Trust | 0.50% | 16,217 NS | April 30, 2026 | N-PORT |
| FSTA · FIDELITY COVINGTON TRUST | 0.49% | 72,358 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.40% | 26,636 SH | Aug. 8, 2026 | Daily |
| UGE · ProShares Trust | 0.40% | 515 NS | May 31, 2026 | N-PORT |
| EVUS · iShares Trust | 0.38% | 13,496 SH | Aug. 8, 2026 | Daily |
| GXPS · Global X Funds | 0.37% | 2,450 NS | May 31, 2026 | N-PORT |
| QDF · FlexShares Trust | 0.35% | 77,220 NS | April 30, 2026 | N-PORT |
| KXI · iShares Trust | 0.33% | 33,391 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.31% | 20,122 NS | April 30, 2026 | N-PORT |
| SUSA · iShares Trust | 0.27% | 104,074 SH | Aug. 8, 2026 | Daily |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.26% | 295 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.25% | 1,761,080 SH | Aug. 8, 2026 | Daily |
| SPXD · DBX ETF Trust | 0.24% | 181 NS | May 31, 2026 | N-PORT |
| FQAL · FIDELITY COVINGTON TRUST | 0.24% | 33,391 NS | April 30, 2026 | N-PORT |
| SIZE · iShares Trust | 0.22% | 8,971 SH | Aug. 8, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 36,781 SH | Aug. 8, 2026 | Daily |
| SCHM · SCHWAB STRATEGIC TRUST | 0.20% | 327,358 NS | May 31, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 1,868,894 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.20% | 5,390 SH | Aug. 8, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.19% | 14,826 SH | Aug. 8, 2026 | Daily |
| SMMD · iShares Trust | 0.17% | 60,061 SH | Aug. 8, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.14% | 170,000 | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.14% | 2,773,871 SH | Aug. 8, 2026 | Daily |
| QDEF · FlexShares Trust | 0.13% | 7,221 NS | April 30, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.13% | 3,660,000 | Aug. 8, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.12% | 6,617 NS | April 30, 2026 | N-PORT |
| IWS · iShares Trust | 0.12% | 181,055 SH | Aug. 8, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.12% | 3,589,000 | Aug. 8, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.12% | 89,036 NS | April 30, 2026 | N-PORT |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.12% | 4,136,000 | Aug. 8, 2026 | Daily |
| DIVB · iShares Trust | 0.12% | 19,237 SH | Aug. 8, 2026 | Daily |
| ESGU · iShares Trust | 0.11% | 186,683 SH | Aug. 8, 2026 | Daily |
| FEUS · FlexShares Trust | 0.09% | 1,083 NS | April 30, 2026 | N-PORT |
| IWR · iShares Trust | 0.09% | 489,608 SH | Aug. 8, 2026 | Daily |
| HDUS · Lattice Strategies Trust | 0.08% | 1,574 NS | April 30, 2026 | N-PORT |
| XOEF · iShares Trust | 0.07% | 152 SH | Aug. 8, 2026 | Daily |