CPRT Copart, Inc. - Common Stock
About Copart, Inc. - Common Stock Company overview from Wikipedia
Copart, Inc. is a multinational provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet, and finance companies in 11 countries: the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman, and Finland. Headquartered in Dallas, Texas, Copart has more than 200 physical locations, where it houses more than 10,000 acres of vehicle inventory. Copart sells used, wholesale and repairable vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses. Copart provides vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet, using its patented virtual auction technology, named VB3, as well as others of its auction-related brands.
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Copart, Inc. is a multinational provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet, and finance companies in 11 countries: the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman, and Finland. Headquartered in Dallas, Texas, Copart has more than 200 physical locations, where it houses more than 10,000 acres of vehicle inventory. Copart sells used, wholesale and repairable vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses. Copart provides vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet, using its patented virtual auction technology, named VB3, as well as others of its auction-related brands.
Copart is a public company traded on the NASDAQ under the ticker symbol CPRT and has been named to Fortune's 2020 Future 50 companies, 100 Fastest-Growing Companies, and the Fortune 500 list.
History
Copart was founded in 1982 by then 34-year-old Willis J. Johnson in Vallejo, California.
Johnson began expanding Copart in the early 1990s through private loans and equity. By the early '90s, the company had grown to four locations in northern California; and by March 1994, it had added another eight new facilities in Oregon, Washington, and Texas, culminating in the acquisition of the largest volume seller of salvage in the United States, North Texas Salvage Pool of Dallas, Texas.
That decade, Willis Johnson began developing Copart's information technology. The first main step in this process was the creation of the Copart Auction System (CAS) in 1997, which was designed to unify and support the growing business as well as allow Copart facilities and sellers to access information, generate reports, and increase operating efficiencies. The next step came in 1998 with Copart's introduction of internet bidding—a departure from the industry standard of local physical auctions.
On March 17, 1994, Copart had its initial public offering (IPO) at $12 per share and debuted on the NASDAQ under the symbol "CPRT." Copart's IPO of 2.3 million shares of stock provided the company with the means to become a national company.
In May 1995, Copart began rapid expansion in the United States with the sizable acquisition of NER Auction Group, doubling its number of facilities around the country. Copart would continue to grow via acquisitions and founded six new locations from July 1995 to July 1996. With locations spread coast-to-coast in the United States, Copart shifted tactics and began to procure regional and national contracts with the nation's leading insurance companies to grow a nationwide chain of facilities. Copart has continued to acquire businesses, including National Powersport Auctions (NPA) in 2017.
By 2003, the company grew to 100 locations across the country and became the first to launch a completely online auction model. Currently, Copart has more than 200 locations in 11 countries. A Canada yard opening marked the first international expansion in 2003. By 2007, Copart grew its footprint overseas to the United Kingdom. In 2012, Copart began expanding to the United Arab Emirates, Brazil, Bahrain, Oman, Spain, Ireland and Germany. Copart also expanded into Finland in 2018 with the acquisition of Autovahinkokeskus (AVK). Additionally, the CashForCars.com brand launched in Canada in 2018, Germany in 2019 and the United Kingdom in 2020.
As Internet bidding grew in popularity, Copart developed its online auction platform, VB2, which it implemented in 2003. VB2 opened the sales process to registered buyers (Members) and sellers worldwide. In fiscal year 2004 in North America and fiscal year 2008 in the U.K., Copart discontinued all live auctions and began remarketing vehicles exclusively through VB2.
In 2012, Copart relocated its corporate headquarters from Fairfield, California, to Dallas, Texas. Copart's Dallas headquarters building, Copart Tower, consists of approximately 53,000 square feet (4,900 m2) of leased office space.
In 2013, Copart upgraded its VB2 technology to a new version dubbed VB3. This version supported the latest browsers, eliminated the need for plugins and supported mobile interactivity. Copart now sells more than four million vehicles each year through VB3 technology.
Products and operations
Copart's brands include BID4U, CashForCars.com, CrashedToys, DRIVE Auto Auctions, and National Powersport Auctions (NPA). Copart also sells additional services such as providing sale pricing estimates for salvage vehicles, providing transport to and from storage lots for vehicles being sold in its platforms, and assisting with vehicle title processing.
Copart derives the largest part, over 80%, of its revenue from service fees collected for use of its online auction platform. The majority of the remainder of revenue comes from the sale of vehicles it actually takes ownership of and then resells. The company has reported that approximately 88% of its service fee revenue and 63% of its vehicle sales revenue come from within the United States, with the remainder of revenue coming from outside the United States. The largest group of vehicle purchasers buying automobiles in Copart's auctions is vehicle dismantlers, while insurance companies make up the primary seller of vehicles listed in Copart auctions.
Among the vehicles sold by insurance companies, the majority are vehicles declared a total loss after an accident or as a result of damage from a natural disaster.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CPRT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
CPRT 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
CPRT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 5 23.8%
- Buy 8 38.1%
- Hold 7 33.3%
- Sell 1 4.8%
- Strong Sell 0 0.0%
12-Month Price Target
10 analysts · 2026-08-14Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Sept. 30, 2026 | $0.43 | $0.41 | — |
| June 30, 2026 | $0.43 | $0.41 | 0.02% |
| March 31, 2026 | $0.36 | $0.40 | -0.04% |
| Dec. 31, 2025 | $0.41 | $0.40 | 0.01% |
| Sept. 30, 2025 | $0.41 | $0.37 | 0.04% |
| June 30, 2025 | $0.42 | $0.42 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CPRT | $43.86B | 28.5 | 9.7% | 33.4% | 18.6% | — |
| CTAS | $68.53B | 34.9 | 8.9% | 17.8% | 41.7% | 50.7% |
| UNF | — | 22.3 | 0.20% | 6.1% | 6.9% | — |
| OPLN | $3.16B | -31.0 | 8.2% | 9.2% | 13.4% | — |
| VSTS | $666M | -16.3 | -2.5% | -1.5% | -4.6% | — |
| HCSG | $1.33B | 23.6 | 7.1% | 3.2% | 12.0% | — |
| LQDT | $1.02B | 31.5 | 31.2% | 5.9% | 14.1% | 43.8% |
| ACVA | $1.39B | -20.6 | 19.2% | -8.7% | -15.1% | — |
| CVEO | $261M | -14.4 | -6.3% | -3.1% | -9.8% | 23.6% |
| BAER | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.65B | $4.24B | $3.87B | $3.50B | $2.69B | $2.21B | $2.04B | $1.81B | $1.45B | $1.27B | $1.15B | $1.16B | |
| Cost of Revenue | · | · | · | · | · | · | $256M | $196M | $138M | $141M | $136M | $174M | |
| SG&A Expense | $403M | $335M | $250M | $231M | $207M | $192M | $182M | $177M | $151M | $138M | $139M | $165M | |
| Operating Expenses | $2.95B | $2.66B | $2.38B | $2.13B | $1.56B | · | · | · | · | · | · | · | |
| Operating Income | $1.70B | $1.57B | $1.49B | $1.37B | $1.14B | $816M | $716M | $584M | $461M | $406M | $344M | $275M | |
| Interest Expense | · | · | · | · | · | $20M | $20M | $20M | $24M | $24M | $18M | $9M | |
| Interest Income | · | · | · | · | · | $1M | $2M | $1M | $1M | $1M | $817.0K | $491.0K | |
| Other Non-op | $20M | $-3M | $2M | $-596.0K | $6M | $4M | $6M | $-3M | $1M | $12M | $5M | $3M | |
| Pretax Income | $1.90B | $1.71B | $1.55B | $1.34B | $1.12B | $801M | $705M | $563M | $440M | $396M | $332M | $270M | |
| Income Tax | $347M | $352M | $317M | $251M | $185M | $101M | $113M | $145M | $46M | $126M | $112M | $91M | |
| Net Income | $1.55B | $1.36B | $1.24B | $1.09B | $936M | $700M | $592M | $418M | $394M | $270M | $220M | $179M | |
| EPS (Basic) | $1.61 | $1.42 | $1.30 | $1.15 | $0.99 | $3.00 | $2.57 | $1.80 | $1.72 | $1.18 | $0.87 | $1.42 | |
| EPS (Diluted) | $1.59 | $1.40 | $1.28 | $1.13 | $0.97 | $2.93 | $2.46 | $1.73 | $1.66 | $1.11 | $0.84 | $1.36 | |
| Shares (Basic) | 965,306,000 | 960,739,000 | 953,574,000 | 949,676,000 | 945,008,000 | 233,202,000 | 230,489,000 | 231,793,000 | 228,686,000 | 228,846,000 | 251,829,000 | 125,693,000 | |
| Shares (Diluted) | 977,563,000 | 974,798,000 | 966,647,000 | 964,604,000 | 961,160,000 | 238,656,000 | 240,453,000 | 241,877,000 | 237,019,000 | 244,295,000 | 262,851,000 | 131,230,000 | |
| EBITDA | $1.91B | $1.76B | $1.65B | $1.51B | $1.26B | $917M | $801M | $663M | $518M | $455M | $393M | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | $1.38B | $1.05B | $478M | $186M | $275M | $210M | $156M | $456M | $159M | |
| Receivables | $763M | $786M | $702M | $579M | $481M | $350M | $367M | $352M | $312M | $266M | $216M | $197M | |
| Inventory | $40M | $44M | $40M | $59M | $45M | $20M | $21M | $17M | $10M | $10M | $9M | $7M | |
| Prepaid Expense | $46M | $34M | $26M | $19M | $14M | $15M | $17M | $17M | $18M | $18M | $20M | $21M | |
| Current Assets | $5.75B | $4.42B | $3.26B | $2.20B | $1.70B | $964M | $687M | $709M | $587M | $499M | $735M | $412M | |
| PP&E (Net) | $3.60B | $3.18B | $2.84B | $2.49B | $2.30B | $1.94B | $1.43B | $1.16B | $944M | $817M | $700M | $692M | |
| PP&E (Gross) | $4.88B | $4.32B | $3.82B | $3.33B | $3.03B | $2.57B | $1.97B | $1.65B | $1.40B | $1.23B | $1.12B | $1.08B | |
| Accum. Depreciation | $1.28B | $1.14B | $978M | $842M | $731M | $625M | $538M | $490M | $452M | $416M | $415M | $385M | |
| Goodwill | $518M | $514M | $394M | $402M | $356M | $344M | $333M | $337M | $340M | $260M | $272M | $284M | |
| Intangibles | $63M | $74M | $63M | $55M | $46M | $48M | $55M | $65M | $76M | $12M | $18M | $25M | |
| Other Non-current Assets | $58M | $129M | $66M | $48M | $42M | $40M | $44M | $33M | $34M | $38M | $45M | $56M | |
| Total Assets | $10.09B | $8.43B | $6.74B | $5.31B | $4.56B | $3.46B | $2.55B | $2.31B | $1.98B | $1.65B | $1.80B | $1.51B | |
| Accounts Payable | $592M | $518M | $441M | $399M | $370M | $319M | $271M | $271M | $208M | $192M | $147M | $152M | |
| Current Liabilities | $683M | $629M | $493M | $441M | $421M | $356M | $282M | $277M | $302M | $279M | $213M | $244M | |
| Capital Leases | $81M | $97M | $88M | $96M | $98M | $96M | $0 | · | · | · | · | · | |
| Deferred Tax | $81M | $94M | $89M | $80M | $64M | $72M | $49M | $20M | $3M | $4M | $5M | $7M | |
| Other Non-current Liabilities | · | · | · | · | · | $430.0K | $3M | $4M | $3M | $3M | $4M | $5M | |
| Total Liabilities | $883M | $879M | $750M | $683M | $1.03B | $966M | $769M | $727M | $884M | $875M | $834M | $503M | |
| Long-term Debt | · | · | $11M | $0 | $400M | $400M | $400M | $400M | $631M | $638M | $644M | · | |
| Common Stock | $97.0K | $96.0K | $96.0K | $96.0K | $24.0K | $24.0K | $23.0K | $23.0K | $23.0K | $22.0K | $12.0K | · | |
| Paid-in Capital | · | · | · | $839M | $762M | $673M | $573M | $527M | $453M | $392M | $408M | · | |
| Retained Earnings | $8.09B | $6.55B | $5.19B | $3.96B | $2.87B | $1.94B | $1.34B | $1.16B | $745M | $491M | $625M | $619M | |
| AOCI | $-120M | $-143M | $-141M | $-169M | $-101M | $-121M | $-133M | $-108M | $-101M | $-109M | $-69M | $-20M | |
| Stockholders' Equity | $9.19B | $7.52B | $5.99B | $4.63B | $3.53B | $2.49B | $1.78B | $1.58B | $1.10B | $774M | $964M | $1.00B | |
| Liabilities + Equity | $10.09B | $8.43B | $6.74B | $5.31B | $4.56B | $3.46B | $2.55B | $2.31B | $1.98B | $1.65B | $1.80B | $1.51B | |
| Shares Outstanding | 967,478,690 | 962,967,011 | 957,344,162 | 952,163,896 | 948,057,092 | 941,261,348 | 229,790,268 | 233,898,841 | 230,488,296 | 220,244,120 | 120,156,340 | 126,143,366 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $216M | $190M | $159M | $138M | $122M | $101M | $85M | $79M | $57M | $49M | $47M | $54M | |
| Stock-based Comp | $38M | $35M | $40M | $39M | $41M | $23M | $23M | $23M | $21M | $21M | $18M | $22M | |
| Deferred Tax | $-13M | $-847.0K | $10M | $17M | $-8M | $23M | $23M | $17M | $20M | $6M | $4M | $-11M | |
| Amort. of Intangibles | $14M | $13M | $12M | $8M | $7M | $9M | $10M | $14M | $7M | $6M | $7M | $7M | |
| Other Non-cash | $7M | $-115M | $-83M | $-107M | $-101M | $70M | $-77M | $-1M | $90.0K | $-13M | $-26M | · | |
| Operating Cash Flow | $1.80B | $1.47B | $1.36B | $1.18B | $991M | $918M | $647M | $535M | $492M | $332M | $265M | $263M | |
| CapEx | $569M | $511M | $517M | $337M | $463M | $592M | $374M | $288M | $172M | $174M | $79M | $82M | |
| Investing Cash Flow | $-587M | $-940M | $-1.89B | $-442M | $-465M | $-601M | $-356M | $-288M | $-336M | · | · | · | |
| Debt Issued | · | · | · | · | · | · | · | $0 | $0 | $93M | $699M | $0 | |
| Net Debt Issued | · | $0 | $0 | $-417M | · | · | · | $0 | $0 | $-244M | $349M | · | |
| Stock Repurchased | · | · | · | · | $0 | $0 | $365M | $0 | $0 | $443M | $233M | $572.0K | |
| Net Stock Activity | · | · | · | · | $0 | $0 | $-365M | $0 | $0 | $-458M | $-237M | · | |
| Financing Cash Flow | $52M | $19M | $67M | $-383M | $41M | $-27M | $-370M | $-182M | $-107M | · | · | · | |
| Net Change in Cash | $1.27B | $557M | $-427M | $336M | $571M | $291M | $-88M | $64M | $54M | $-300M | $297M | $95M | |
| Taxes Paid | $409M | $286M | $258M | $263M | $178M | · | · | · | · | · | · | · | |
| Free Cash Flow | $1.23B | $962M | $848M | $839M | $528M | $326M | $273M | $247M | $320M | $159M | $186M | · | |
| Levered FCF | · | · | · | · | · | $308M | $256M | $232M | $299M | $142M | $174M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 36.5% | 37.1% | 38.4% | 39.3% | 42.2% | · | · | 32.4% | 31.9% | 32.0% | 30.0% | · | |
| Net Margin | 33.4% | 32.2% | 32.0% | 31.1% | 34.8% | · | · | 23.1% | 27.2% | 21.3% | 19.2% | · | |
| Pretax Margin | 40.8% | 40.5% | 40.2% | 38.3% | 41.7% | · | · | 31.1% | 30.4% | 31.2% | 29.0% | · | |
| EBITDA Margin | 41.2% | 41.6% | 42.5% | 43.2% | 46.7% | · | · | 36.7% | 35.8% | 35.9% | 34.3% | · | |
| ROA | 16.8% | 18.0% | 20.5% | 22.1% | 23.4% | 23.3% | 24.4% | 19.5% | 21.7% | 15.7% | 13.3% | · | |
| ROE | 18.6% | 20.2% | 22.1% | 24.3% | 27.6% | 29.3% | 34.8% | 31.2% | 42.1% | 31.1% | 22.3% | · | |
| ROIC | 15.1% | 16.6% | 19.8% | 24.2% | 26.9% | 28.6% | 33.8% | 27.5% | 37.6% | 35.8% | 23.6% | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.4 | 7.0 | 6.6 | 5.0 | 4.0 | 2.7 | 2.4 | 2.6 | 1.9 | 1.8 | 3.4 | · | |
| Quick Ratio | 1.1 | 1.3 | 1.4 | 1.3 | 1.1 | 1.0 | 2.0 | 2.3 | 1.7 | 1.5 | 3.2 | · | |
| Interest Coverage | · | · | · | · | · | 40.3 | 36.2 | 28.7 | 19.4 | 17.2 | 19.0 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | · | · | 0.8 | 0.8 | 0.7 | 0.7 | · | |
| Inventory Turnover | · | · | · | · | · | · | 13.6 | 14.6 | 13.4 | 14.8 | 17.2 | · | |
| Receivables Turnover | 6.0 | 5.7 | 6.0 | 6.6 | 6.5 | · | · | 5.4 | 5.0 | 5.3 | 5.6 | · |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 9.7% | 9.5% | 10.5% | 30.0% | 22.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 9.9% | 16.3% | 20.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 13.6% | 9.4% | 13.3% | 16.5% | -66.9% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 12.1% | 13.0% | -24.1% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -11.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 13.9% | 10.1% | 13.5% | 16.4% | 33.8% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 12.5% | 13.3% | 20.9% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 17.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.65B | $4.24B | $3.87B | $3.50B | $2.69B | $2.21B | $2.04B | $1.81B | $1.45B | $1.27B | $1.15B | $1.16B | |
| Net Income TTM | $1.55B | $1.36B | $1.24B | $1.09B | $936M | $700M | $592M | $418M | $394M | $270M | $220M | $179M | |
| Market Cap | $43.86B | $50.39B | $42.31B | $7.62B | $8.71B | $5.49B | $4.45B | $3.36B | $1.81B | $694M | $541M | · | |
| P/E | 28.5 | 37.4 | 34.5 | 28.3 | 37.9 | 8.0 | 7.9 | 8.3 | 4.7 | 5.7 | 5.4 | 3.1 | |
| P/S | 9.4 | 11.9 | 10.9 | 2.2 | 3.2 | 2.5 | 2.2 | 1.9 | 1.3 | 0.5 | 0.5 | · | |
| P/B | 4.8 | 6.7 | 7.1 | 1.6 | 2.5 | 2.2 | 2.5 | 2.1 | 1.7 | 0.9 | 0.6 | · | |
| P / Tangible Book | 5.1 | 7.3 | 7.7 | 1.8 | 2.8 | 2.6 | · | · | · | · | · | · | |
| P / Cash Flow | 24.4 | 34.2 | 31.0 | 6.5 | 8.8 | 6.0 | 6.9 | 6.3 | 3.7 | 2.1 | 2.0 | · | |
| P / FCF | 35.6 | 52.4 | 49.9 | 9.1 | 16.5 | 16.8 | 16.3 | 13.6 | 5.7 | 4.4 | 2.9 | · | |
| Earnings Yield | 3.5% | 2.7% | 2.9% | 3.5% | 2.6% | 12.6% | 12.7% | 12.1% | 21.1% | 17.6% | 18.6% | 32.6% |
Income Statement 13
| Metric | Trend | 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.24B | $1.12B | $1.16B | $1.13B | $1.21B | $1.16B | $1.15B | $1.07B | $1.13B | $1.02B | $1.02B | $998M | $1.02B | $957M | $893M | $883M | |
| SG&A Expense | $108M | $104M | $106M | $97M | $101M | $99M | $106M | $94M | $88M | $84M | $69M | $67M | $65M | $61M | $58M | $57M | |
| Operating Expenses | $773M | $733M | $724M | $713M | $760M | $737M | $740M | $709M | $690M | $640M | $625M | $607M | $603M | $591M | $582M | $559M | |
| Operating Income | $464M | $389M | $431M | $413M | $452M | $426M | $406M | $360M | $437M | $380M | $395M | $391M | $419M | $366M | $312M | $325M | |
| Other Non-op | $-1M | $2M | $3M | $16M | $8M | $-4M | $-596.0K | $5M | $-1M | $-3M | $-4M | $4M | $4M | $-3M | $-3M | $-2M | |
| Pretax Income | $502M | $441M | $487M | $478M | $503M | $463M | $451M | $408M | $472M | $411M | $423M | $424M | $440M | $377M | $313M | $303M | |
| Income Tax | $101M | $91M | $85M | $83M | $97M | $77M | $90M | $86M | $90M | $85M | $91M | $76M | $90M | $83M | $67M | $40M | |
| Net Income | $402M | $351M | $404M | $396M | $407M | $387M | $362M | $323M | $382M | $326M | $333M | $348M | $350M | $294M | $246M | $264M | |
| EPS (Basic) | $0.43 | $0.36 | $0.42 | $0.41 | $0.42 | $0.40 | $0.38 | $0.33 | $0.40 | $0.34 | $0.35 | $0.36 | $0.37 | $0.31 | $0.26 | $-0.60 | |
| EPS (Diluted) | $0.43 | $0.36 | $0.41 | $0.40 | $0.42 | $0.40 | $0.37 | $0.34 | $0.39 | $0.33 | $0.34 | $0.37 | $0.36 | $0.30 | $0.25 | $-0.59 | |
| Shares (Basic) | 936,293,000 | 967,212,000 | 967,650,000 | -1,928,850,000 | 966,234,000 | 964,746,000 | 963,176,000 | -1,919,726,000 | 961,813,000 | 960,525,000 | 958,127,000 | -1,904,950,000 | 953,574,000 | 952,752,000 | 952,198,000 | -473,842,000 | |
| Shares (Diluted) | 942,770,000 | 975,089,000 | 977,100,000 | -1,954,942,000 | 978,089,000 | 977,910,000 | 976,506,000 | -1,947,918,000 | 976,445,000 | 974,589,000 | 971,682,000 | -1,930,141,000 | 967,380,000 | 965,072,000 | 964,336,000 | -481,660,000 | |
| EBITDA | $523M | $397M | $485M | · | $506M | $480M | $460M | · | $488M | $425M | $439M | · | $456M | $404M | $351M | · |
Balance Sheet 25
| Metric | Trend | 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | · | · | · | · | · | $2.11B | $1.66B | $1.54B | · | |
| Receivables | $794M | $862M | $760M | $763M | $758M | $883M | $802M | $786M | $823M | $846M | $756M | · | $694M | $765M | $629M | · | |
| Inventory | $50M | $42M | $40M | $40M | $45M | $59M | $52M | $44M | $47M | $43M | $43M | · | $45M | $52M | $54M | · | |
| Prepaid Expense | $54M | $40M | $40M | $46M | $55M | $36M | $33M | $34M | $41M | $36M | $28M | · | $28M | $27M | $21M | · | |
| Current Assets | $5.22B | $6.18B | $6.20B | $5.75B | $5.36B | $4.97B | $4.73B | $4.42B | $4.15B | $3.75B | $3.58B | · | $3.00B | $2.64B | $2.36B | · | |
| PP&E (Net) | $3.72B | $3.69B | $3.65B | $3.60B | $3.57B | $3.46B | $3.36B | $3.18B | $3.07B | $3.04B | $2.94B | · | $2.71B | $2.66B | $2.58B | · | |
| PP&E (Gross) | · | · | · | $4.88B | $4.84B | $4.70B | $4.55B | $4.32B | $4.17B | $4.10B | $3.95B | · | $3.65B | $3.57B | $3.45B | · | |
| Accum. Depreciation | · | · | · | $1.28B | $1.27B | $1.24B | $1.19B | $1.14B | $1.10B | $1.05B | $1.01B | · | $943M | $910M | $872M | · | |
| Goodwill | $523M | $523M | $519M | $518M | $519M | $510M | $514M | $514M | $511M | $511M | $501M | $394M | $407M | $404M | $395M | $402M | |
| Intangibles | $54M | $57M | $60M | $63M | $66M | $68M | $73M | $74M | $77M | $84M | $82M | · | $50M | $51M | $52M | · | |
| Other Non-current Assets | $52M | $53M | $54M | $58M | $61M | $65M | $73M | $129M | $91M | $100M | $101M | · | $76M | $75M | $87M | · | |
| Total Assets | $9.65B | $10.59B | $10.58B | $10.09B | $9.67B | $9.19B | $8.87B | $8.43B | $8.01B | $7.60B | $7.33B | $6.74B | $6.35B | $5.93B | $5.59B | $5.31B | |
| Accounts Payable | $598M | $549M | $607M | $592M | $577M | $562M | $582M | $518M | $507M | $474M | $495M | · | $441M | $439M | $447M | · | |
| Current Liabilities | $685M | $614M | $781M | $683M | $657M | $630M | $715M | $629M | $563M | $526M | $624M | · | $507M | $488M | $504M | · | |
| Capital Leases | · | · | · | $81M | · | · | · | $97M | · | · | · | · | · | · | · | · | |
| Deferred Tax | $90M | $88M | $86M | $81M | $95M | $93M | $95M | $94M | $92M | $94M | $92M | · | $77M | $76M | $77M | · | |
| Total Liabilities | $858M | $788M | $962M | $883M | $870M | $863M | $950M | $879M | $814M | $786M | $897M | · | $757M | $719M | $741M | · | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | · | $22M | $2M | $2M | · | |
| Common Stock | $93.0K | $96.0K | $97.0K | $97.0K | $97.0K | $97.0K | $96.0K | $96.0K | $96.0K | $96.0K | $96.0K | · | $48.0K | $48.0K | $48.0K | · | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | · | $901M | $875M | $850M | · | |
| Retained Earnings | $7.65B | $8.63B | $8.50B | $8.09B | $7.70B | $7.29B | $6.91B | $6.55B | $6.23B | $5.85B | $5.52B | · | $4.84B | $4.50B | $4.20B | · | |
| AOCI | $-87M | $-87M | $-120M | $-120M | $-113M | $-172M | $-145M | $-143M | $-157M | $-145M | $-177M | · | $-152M | $-157M | $-199M | · | |
| Stockholders' Equity | $8.77B | $9.79B | $9.60B | $9.19B | $8.78B | $8.30B | $7.90B | $7.52B | $7.17B | $6.79B | $6.41B | · | $5.59B | $5.21B | $4.85B | · | |
| Liabilities + Equity | $9.65B | $10.59B | $10.58B | $10.09B | $9.67B | $9.19B | $8.87B | $8.43B | $8.01B | $7.60B | $7.33B | · | $6.35B | $5.93B | $5.59B | · | |
| Shares Outstanding | 925,811,482 | 963,290,932 | 967,904,634 | 967,478,690 | 966,812,661 | 966,053,166 | 963,524,402 | 962,967,011 | 962,268,657 | 961,311,496 | 960,208,274 | 957,344,162 | 477,130,025 | 476,564,148 | 476,195,814 | 952,163,896 |
Cash Flow 13
| Metric | Trend | 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $59M | $9M | $54M | $54M | $54M | $54M | $54M | $51M | $51M | $45M | $43M | $45M | $37M | $38M | $39M | $36M | |
| Stock-based Comp | $9M | $10M | $9M | $9M | $9M | $9M | $10M | $9M | $9M | $9M | $8M | $9M | $10M | $10M | $10M | $10M | |
| Deferred Tax | $2M | $712.0K | $5M | $-14M | $20.0K | $-2M | $2M | $2M | $-990.0K | $-1M | $-988.0K | $13M | $73.0K | $-2M | $-2M | $2M | |
| Amort. of Intangibles | · | · | · | $3M | $4M | $3M | $4M | $4M | $3M | $4M | $3M | $7M | $2M | $2M | $2M | $2M | |
| Other Non-cash | · | · | $63M | · | · | · | $54M | · | · | · | $-8M | · | · | · | $18M | · | |
| Operating Cash Flow | $584M | $128M | $535M | $438M | $701M | $178M | $482M | $439M | $496M | $162M | $375M | $359M | $506M | $188M | $312M | $313M | |
| CapEx | $81M | $70M | $108M | $88M | $128M | $117M | $237M | $138M | $88M | $123M | $162M | $170M | $90M | $104M | $153M | $103M | |
| Investing Cash Flow | $-925M | $-58M | $1.92B | $-28M | $-1.69B | $-575M | $1.70B | $-24M | $-669M | $-1.48B | $1.24B | $-1.56B | $-86M | $-90M | $-152M | $15M | |
| Stock Repurchased | $1.41B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-1.41B | $-206M | $450.0K | $8M | $6M | $36M | $2M | $8M | $4M | $-959.0K | $7M | $16M | $36M | $15M | $759.0K | $-401M | |
| Net Change in Cash | $-1.75B | $-132M | $2.45B | $414M | $-972M | $-359M | $2.18B | $424M | $-167M | $-1.32B | $1.62B | $-1.16B | $453M | $122M | $155M | $-71M | |
| Taxes Paid | $88M | $207M | $20M | $90M | $42M | $196M | $81M | $19M | $78M | $179M | $9M | $86M | $73M | $93M | $6M | · | |
| Free Cash Flow | · | · | $427M | · | · | · | $246M | · | · | · | $213M | · | · | · | $159M | · |
Profitability 7
| Metric | Trend | 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 37.5% | 34.6% | 37.3% | · | 37.3% | 36.6% | 35.4% | · | 38.8% | 37.2% | 38.8% | · | 41.0% | 38.2% | 34.9% | · | |
| Net Margin | 32.5% | 31.3% | 34.9% | · | 33.6% | 33.3% | 31.6% | · | 33.9% | 31.9% | 32.6% | · | 34.3% | 30.7% | 27.5% | · | |
| Pretax Margin | 40.6% | 39.3% | 42.2% | · | 41.5% | 39.8% | 39.4% | · | 41.9% | 40.3% | 41.5% | · | 43.1% | 39.4% | 35.0% | · | |
| EBITDA Margin | 42.3% | 35.4% | 42.0% | · | 41.8% | 41.3% | 40.1% | · | 43.3% | 41.7% | 43.0% | · | 44.6% | 42.2% | 39.2% | · | |
| ROA | 4.2% | 3.5% | 4.2% | · | 4.6% | 4.6% | 4.5% | · | 5.3% | 4.8% | 5.1% | · | 5.9% | 5.3% | 4.7% | · | |
| ROE | 4.6% | 3.9% | 4.6% | · | 5.1% | 5.1% | 5.1% | · | 6.0% | 5.4% | 5.9% | · | 7.0% | 6.3% | 5.7% | · | |
| ROIC | 4.2% | 3.1% | 3.7% | · | 4.2% | 4.3% | 4.1% | · | 4.9% | 4.4% | 4.8% | · | 5.9% | 5.5% | 5.0% | · |
Liquidity & Solvency 4
| Metric | Trend | 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.6 | 10.1 | 7.9 | · | 8.2 | 7.9 | 6.6 | · | 7.4 | 7.1 | 5.7 | · | 5.9 | 5.4 | 4.7 | · | |
| Quick Ratio | 1.2 | 1.4 | 1.0 | · | 1.2 | 1.4 | 1.1 | · | 1.5 | 1.6 | 1.2 | · | 5.5 | 5.0 | 4.3 | · | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | · | 0.0 | 0.0 | 0.0 | · | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | · | 0.0 | 0.0 | 0.0 | · |
Efficiency 2
| Metric | Trend | 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | |
| Receivables Turnover | 1.6 | 1.3 | 1.5 | · | 1.5 | 1.3 | 1.5 | · | 1.5 | 1.3 | 1.5 | · | 1.6 | 1.4 | 1.5 | · |
Valuation (TTM) 14
| Metric | Trend | 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.73B | $4.65B | $4.68B | · | $4.65B | $4.46B | $4.31B | · | $4.19B | $4.02B | $3.89B | · | $3.81B | $3.66B | $3.51B | · | |
| Net Income TTM | $1.56B | $1.55B | $1.56B | · | $1.54B | $1.46B | $1.40B | · | $1.39B | $1.30B | $1.22B | · | $1.17B | $1.11B | $1.07B | · | |
| Market Cap | $30.65B | $39.09B | $41.63B | · | $59.00B | $55.96B | $49.59B | · | $52.26B | $46.18B | $41.79B | · | $18.86B | $15.87B | $13.69B | · | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | · | $16.77B | $14.21B | $12.16B | · | |
| P/E | 20.4 | 25.5 | 26.9 | · | 38.6 | 38.9 | 36.0 | · | 38.2 | 36.1 | 34.8 | · | 26.5 | 19.3 | 14.6 | · | |
| P/S | 6.5 | 8.4 | 8.9 | · | 12.7 | 12.6 | 11.5 | · | 12.5 | 11.5 | 10.7 | · | 4.9 | 4.3 | 3.9 | · | |
| P/B | 3.5 | 4.0 | 4.3 | · | 6.7 | 6.7 | 6.3 | · | 7.3 | 6.8 | 6.5 | · | 3.4 | 3.0 | 2.8 | · | |
| P / Tangible Book | 3.7 | 4.2 | 4.6 | · | 7.2 | 7.2 | 6.8 | · | 7.9 | 7.5 | 7.2 | · | 3.7 | 3.3 | 3.1 | · | |
| P / Cash Flow | · | · | 77.8 | · | · | · | 102.8 | · | · | · | 111.4 | · | · | · | 44.0 | · | |
| P / FCF | · | · | 97.4 | · | · | · | 202.0 | · | · | · | 196.2 | · | · | · | 86.2 | · | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | · | · | 36.7 | 35.2 | 34.7 | · | |
| EV / FCF | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 76.5 | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | · | 4.4 | 3.9 | 3.5 | · | |
| Earnings Yield | 4.9% | 3.9% | 3.7% | · | 2.6% | 2.6% | 2.8% | · | 2.6% | 2.8% | 2.9% | · | 3.8% | 5.2% | 6.9% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | |
|---|---|---|---|---|---|
| Revenue | $4.65B | $4.24B | $3.87B | $3.50B | $2.69B |
| Operating Margin % | 36.5% | 37.1% | 38.4% | 39.3% | 42.2% |
| Net Income | $1.55B | $1.36B | $1.24B | $1.09B | $936M |
| Diluted EPS | $1.59 | $1.40 | $1.28 | $1.13 | $0.97 |
Balance Sheet
| 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | |
|---|---|---|---|---|---|
| Current Ratio | 8.4 | 7.0 | 6.6 | 5.0 | 4.0 |
| Quick Ratio | 1.1 | 1.3 | 1.4 | 1.3 | 1.1 |
Cash Flow
| 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.23B | $962M | $848M | $839M | $528M |
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 1,178 filers · $14.6B 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 |
|---|---|---|---|---|
| 129 (-6 vs prior Q) | 134 (-18 vs prior Q) | 383 (0 vs prior Q) | 394 (-35 vs prior Q) | +125.5M |
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 |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $1,616,167,909 | 57,331,249 | 11.04% | Shares |
| STATE STREET CORP | $1,094,544,406 | 38,827,400 | 7.48% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,091,977,058 | 38,736,327 | 7.46% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $687,853,760 | 24,494,946 | 4.70% | Shares |
| Capital World Investors | $442,282,333 | 15,689,549 | 3.02% | Shares |
| NORGES BANK | $406,635,394 | 14,424,810 | 2.78% | Shares |
| TWO SIGMA INVESTMENTS, LP | $353,776,550 | 12,549,718 | 2.42% | Shares |
| Madison Investment Advisors, LLC | $253,685,743 | 4,420,382 | 1.73% | Shares |
| VAN ECK ASSOCIATES CORP | $233,969,135 | 8,299,721 | 1.60% | Shares |
| AKRE CAPITAL MANAGEMENT LLC | $225,119,928 | 7,985,808 | 1.54% | Shares |
| PineStone Asset Management Inc. | $223,087,400 | 7,913,707 | 1.52% | Shares |
| FIRST TRUST ADVISORS LP | $221,285,797 | 7,849,799 | 1.51% | Shares |
| Fiera Capital Corp | $181,315,994 | 6,431,926 | 1.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $153,275,739 | 5,437,238 | 1.05% | Shares |
| JARISLOWSKY, FRASER Ltd | $139,963,503 | 3,112,375 | 0.96% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $139,868,462 | 4,961,634 | 0.96% | Shares |
| MILLENNIUM MANAGEMENT LLC | $131,207,423 | 4,654,396 | 0.90% | Shares |
| Focus Partners Wealth | $122,308,294 | 4,338,727 | 0.84% | Shares |
| Capital Research Global Investors | $121,667,612 | 4,316,135 | 0.83% | Shares |
| GOLDMAN SACHS GROUP INC | $118,488,772 | 4,203,220 | 0.81% | Shares |
| TD Asset Management Inc | $118,177,441 | 4,192,176 | 0.81% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $116,988,077 | 4,149,985 | 0.80% | Shares |
| 1832 Asset Management L.P. | $115,661,540 | 4,102,928 | 0.79% | Shares |
| BOSTON FINANCIAL MANGEMENT LLC | $114,842,957 | 2,001,097 | 0.78% | Shares |
| Madison Asset Management, LLC | $113,139,430 | 4,013,460 | 0.77% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $110,978,333 | 3,936,798 | 0.76% | Shares |
| BARCLAYS PLC | $100,086,226 | 3,550,416 | 0.68% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $99,252,592 | 3,520,844 | 0.68% | Shares |
| Discerene Group LP | $95,207,272 | 3,377,342 | 0.65% | Shares |
| Epoch Investment Partners, Inc. | $94,732,157 | 3,360,488 | 0.65% | Shares |
| Assenagon Asset Management S.A. | $93,399,728 | 3,313,222 | 0.64% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $90,010,275 | 3,192,986 | 0.62% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $89,079,780 | 3,159,978 | 0.61% | Shares |
| Squarepoint Ops LLC | $82,182,251 | 2,915,298 | 0.56% | Shares |
| Caisse de depot et placement du Quebec | $81,533,542 | 2,892,286 | 0.56% | Shares |
| Qube Research & Technologies Ltd | $80,234,265 | 2,846,196 | 0.55% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $77,781,355 | 2,759,193 | 0.53% | Shares |
| LONDON CO OF VIRGINIA | $73,491,465 | 2,607,002 | 0.50% | Shares |
| BlackRock, Inc. | $71,947,336 | 2,552,229 | 0.49% | Shares |
| Swiss National Bank | $70,847,108 | 2,513,200 | 0.48% | Shares |
| FLOSSBACH VON STORCH SE | $70,511,844 | 2,501,307 | 0.48% | Shares |
| YCG, LLC | $70,437,029 | 2,498,653 | 0.48% | Shares |
| Maren Capital LLC | $70,379,549 | 2,496,614 | 0.48% | Shares |
| Bowie Capital Management, LLC | $65,213,251 | 2,313,347 | 0.45% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $63,639,658 | 2,257,526 | 0.43% | Shares |
| BLAIR WILLIAM & CO/IL | $60,436,623 | 2,143,903 | 0.41% | Shares |
| CITADEL ADVISORS LLC | $58,588,433 | 2,078,341 | 0.40% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $58,332,721 | 2,069,270 | 0.40% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $57,782,509 | 2,049,752 | 0.39% | Shares |
| Trexquant Investment LP | $57,186,685 | 2,028,616 | 0.39% | Shares |
| MCDONALD CAPITAL INVESTORS INC/CA | $57,047,793 | 2,023,689 | 0.39% | Shares |
| Vanguard Global Advisers, LLC | $53,853,725 | 1,910,384 | 0.37% | Shares |
| Legal & General Group Plc | $53,811,862 | 1,908,899 | 0.37% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $51,100,915 | 1,812,732 | 0.35% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $51,087,238 | 1,672,250 | 0.35% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $49,478,947 | 1,755,195 | 0.34% | Shares |
| Point72 Asset Management, L.P. | $48,557,529 | 1,722,509 | 0.33% | Shares |
| Quantinno Capital Management LP | $45,780,009 | 1,623,980 | 0.31% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $45,318,103 | 1,607,595 | 0.31% | Shares |
| California Public Employees Retirement System | $44,807,469 | 1,589,481 | 0.31% | Shares |
| RHUMBLINE ADVISERS | $44,413,654 | 1,575,515 | 0.30% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $43,481,177 | 1,309,674 | 0.30% | Shares |
| SNYDER CAPITAL MANAGEMENT L P | $43,479,833 | 1,542,385 | 0.30% | Shares |
| HighTower Advisors, LLC | $42,964,010 | 1,524,087 | 0.29% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $42,893,279 | 1,521,578 | 0.29% | Shares |
| National Pension Service | $42,522,557 | 1,508,427 | 0.29% | Shares |
| Port Capital LLC | $40,786,532 | 1,446,844 | 0.28% | Shares |
| MARSHALL WACE, LLP | $39,194,051 | 1,390,353 | 0.27% | Shares |
| D. E. Shaw & Co., Inc. | $38,845,594 | 1,377,992 | 0.27% | Shares |
| Gotham Asset Management, LLC | $37,822,326 | 1,341,693 | 0.26% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $37,366,099 | 1,325,509 | 0.26% | Shares |
| TWO SIGMA ADVISERS, LP | $36,930,195 | 943,300 | 0.25% | Shares |
| ALLIANCEBERNSTEIN L.P. | $36,080,299 | 1,086,756 | 0.25% | Shares |
| JENSEN INVESTMENT MANAGEMENT INC | $35,059,198 | 1,243,675 | 0.24% | Shares |
| Kimelman & Baird, LLC | $34,761,264 | 1,233,106 | 0.24% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $34,516,738 | 1,224,432 | 0.24% | Shares |
| CIBC Private Wealth Group LLC | $34,271,682 | 762,101 | 0.23% | Shares |
| Douglass Winthrop Advisors, LLC | $33,832,764 | 1,200,169 | 0.23% | Shares |
| Man Group plc | $33,293,828 | 1,181,051 | 0.23% | Shares |
| Voleon Capital Management LP | $32,307,911 | 1,146,077 | 0.22% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $31,923,793 | 1,133,255 | 0.22% | Shares |
| FIRST MANHATTAN CO. LLC. | $30,993,044 | 1,099,434 | 0.21% | Shares |
| Clearbridge Investments, LLC | $30,820,747 | 1,093,322 | 0.21% | Shares |
| AVENIR CORP | $30,476,857 | 1,081,123 | 0.21% | Shares |
| Seilern Investment Management Ltd | $29,675,528 | 1,052,697 | 0.20% | Shares |
| OFI INVEST ASSET MANAGEMENT | $29,588,035 | 1,200,000 | 0.20% | Shares |
| Public Sector Pension Investment Board | $28,669,568 | 1,017,012 | 0.20% | Shares |
| ProShare Advisors LLC | $28,099,257 | 996,781 | 0.19% | Shares |
| Life Cycle Investment Partners Ltd | $27,245,945 | 966,511 | 0.19% | Shares |
| DF DENT & CO INC | $25,429,163 | 902,063 | 0.17% | Shares |
| Korea Investment CORP | $25,284,795 | 896,942 | 0.17% | Shares |
| TUDOR INVESTMENT CORP ET AL | $25,227,795 | 894,920 | 0.17% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $24,328,365 | 863,014 | 0.17% | Shares |
| Prevatt Capital Ltd | $23,679,600 | 840,000 | 0.16% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $23,521,736 | 834,400 | 0.16% | Put option |
| Daiwa Securities Group Inc. | $22,674,598 | 804,349 | 0.15% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $22,267,281 | 789,900 | 0.15% | Shares |
| Lionstone Capital Management LLC | $21,883,897 | 776,300 | 0.15% | Shares |
| AVIVA PLC | $21,826,248 | 774,255 | 0.15% | Shares |
| JANE STREET GROUP, LLC | $21,239,756 | 753,450 | 0.15% | Shares |
Company insiders 36 insiders · 23 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jeffrey Liaw | Chief Executive Officer | July 28, 2026 M | 99,641 | 0 | 1 | $-845,945 |
| Jayson A Adair | Chief Executive Officer | Oct. 23, 2018 G | 4,769,566 | 0 | 0 | $0 |
| Leah C Stearns | Chief Financial Officer | Aug. 16, 2026 A | — | 0 | 0 | $0 |
| Jane Pocock | President | Aug. 16, 2026 A | — | 0 | 0 | $0 |
| Vincent W Mitz | President | Sept. 28, 2017 S | 47,660 | 0 | 0 | $0 |
| Sean Eldridge | SVP, Chief Operating Officer | Sept. 23, 2016 M | 832 | 0 | 0 | $0 |
| Russell Lowy | Chief Operating Officer | March 15, 2013 S | 0 | 0 | 0 | $0 |
| Willis J Johnson | Chairman of the Board | Feb. 27, 2023 G | 24,993,518 | 0 | 0 | $0 |
| William E Franklin | Executive Vice President | July 15, 2019 M | 17,967 | 0 | 0 | $0 |
| Vikrant Bhatia | EVP Strategic Initiatives | Dec. 20, 2016 S | 3,181 | 0 | 0 | $0 |
| Robert H. Vannuccini | Senior Vice President, Sales | July 14, 2016 M | 3,617 | 0 | 0 | $0 |
| Paul A Styer | Sr VP, Secretary, Gen Csl | July 5, 2016 S | 70,718 | 0 | 0 | $0 |
| Rama Prasad | SVP, Chief Technology Officer | July 10, 2015 A | 5,675 | 0 | 0 | $0 |
| John Lindle | SVP Strategic Growth | July 10, 2015 A | 14,350 | 0 | 0 | $0 |
| Bruce William Bishop | SVP Finance | March 9, 2015 A | 1,000 | 0 | 0 | $0 |
| Matthew M. Burgener | SVP Marketing | June 5, 2014 M | 0 | 0 | 0 | $0 |
| Anthony F Cristello | SVP Business Development | Jan. 14, 2014 A | — | 0 | 0 | $0 |
| Vincent Phillips | SVP, CIO | Jan. 14, 2014 A | — | 0 | 0 | $0 |
| Simon Rote | V.P. of Finance | Jan. 14, 2014 A | 10,130 | 0 | 0 | $0 |
| Thomas Wylie | Senior Vice President | Nov. 29, 2012 M | 1,723 | 0 | 0 | $0 |
| David L Bauer | Senior Vice President | March 10, 2011 M | 61,830 | 0 | 0 | $0 |
| Greg A. Tucker | SVP Process Improvement | March 19, 2010 P | 2,000 | 0 | 0 | $0 |
| Gerald Waters | Senior Vice President | July 12, 2005 S | 20,223 | 0 | 0 | $0 |
| Daniel J Englander | Director | July 13, 2026 J | 235,352 | 0 | 1 | $-2,204,000 |
| Diane M Morefield | Director | July 8, 2026 M | 50,000 | 0 | 0 | $0 |
| Thomas N Tryforos | Director | Sept. 15, 2025 M | 0 | 0 | 1 | $-10,879,054 |
| Matt Blunt | Director | Feb. 22, 2023 M | 0 | 0 | 0 | $0 |
| Stephen Fisher | Director | Dec. 3, 2021 A | — | 0 | 0 | $0 |
| Steven D Cohan | Director | Dec. 3, 2021 A | 24 | 0 | 0 | $0 |
| James E Meeks | Director | Dec. 3, 2021 A | 0 | 0 | 0 | $0 |
| Thomas W. Smith | Director | Dec. 2, 2010 A | 50,517 | 0 | 0 | $0 |
| James J Grosfeld | Director | July 2, 2007 D | 4,300,000 | 0 | 0 | $0 |
| Harold Blumenstein | Director | Dec. 27, 2006 S | 550,528 | 0 | 0 | $0 |
| VANNINI JONATHAN | Director | June 7, 2006 S | 0 | 0 | 0 | $0 |
| Marvin L Schmidt | Director | Dec. 14, 2004 S | 1,312,325 | 0 | 0 | $0 |
| David Joel Berger | — | Aug. 13, 2026 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 10 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 |
|---|---|---|---|---|---|
| A. Jayson Adair (2) ×3 filings | Sept. 30, 2016 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Dec. 10, 2008 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Oct. 15, 2008 | — | Initial filing | — | SEC |
| Undisclosed reporting person | March 12, 2008 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Dec. 17, 2007 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Sept. 30, 2005 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 1, 2004 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | June 1, 2001 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | May 7, 2001 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 19, 2001 | — | 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 188 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 |
|---|---|---|---|---|
| EQTY · Valued Advisers Trust | 2.28% | 902,817 NS | April 30, 2026 | N-PORT |
| GFGF · EA Series Trust | 2.18% | 24,740 NS | May 29, 2026 | N-PORT |
| YALL · Tidal Trust I | 2.12% | 62,781 NS | May 31, 2026 | N-PORT |
| FGSI · First Trust Exchange-Traded Fund IV | 2.02% | 1,821 NS | April 30, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 1.54% | 15,056 NS | May 31, 2026 | N-PORT |
| FDND · First Trust Exchange-Traded Fund IV | 1.38% | 4,004 NS | April 30, 2026 | N-PORT |
| RSPN · Invesco Exchange-Traded Fund Trust | 1.06% | 384,760 SH | Aug. 8, 2026 | Daily |
| JGRW · Trust for Professional Managers | 1.05% | 30,800 NS | May 31, 2026 | N-PORT |
| QQQG · Pacer Funds Trust | 0.94% | 3,199 NS | April 30, 2026 | N-PORT |
| QQQE · Direxion Shares ETF Trust | 0.91% | 333,183 NS | April 30, 2026 | N-PORT |
| WEBL · Direxion Shares ETF Trust | 0.90% | 30,598 NS | April 30, 2026 | N-PORT |
| CGMM · Capital Group Equity ETF Trust I | 0.87% | 739,671 NS | May 31, 2026 | N-PORT |
| FXD · First Trust Exchange-Traded AlphaDE… | 0.82% | 65,809 NS | April 30, 2026 | N-PORT |
| LCLG · Advisors Series Trust | 0.72% | 22,152 NS | April 30, 2026 | N-PORT |
| YOKE · EA Series Trust | 0.72% | 48,848 NS | April 30, 2026 | N-PORT |
| LGRO · ALPS ETF Trust | 0.70% | 28,850 NS | May 31, 2026 | N-PORT |
| SXQG · EXCHANGE TRADED CONCEPTS TRUST | 0.61% | 12,547 NS | May 31, 2026 | N-PORT |
| ESLG · Strategy Shares | 0.57% | 3,335 NS | April 30, 2026 | N-PORT |
| COWG · Pacer Funds Trust | 0.54% | 356,756 NS | April 30, 2026 | N-PORT |
| VOT · VANGUARD INDEX FUNDS | 0.54% | 6,642,341 SH | Aug. 8, 2026 | Daily |
| FLAG · Global X Funds | 0.53% | 265 NS | April 30, 2026 | N-PORT |
| QNXT · iShares Trust | 0.50% | 4,842 SH | Aug. 8, 2026 | Daily |
| CVAR · ETF Opportunities Trust | 0.49% | 5,760 NS | April 30, 2026 | N-PORT |
| TEXN · iShares Trust | 0.44% | 2,547 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.44% | 272,843 NS | April 30, 2026 | N-PORT |
| CGGO · Capital Group Global Growth Equity … | 0.42% | 1,463,455 NS | May 31, 2026 | N-PORT |
| IYC · iShares Trust | 0.42% | 175,912 SH | Aug. 8, 2026 | Daily |
| QQWZ · Pacer Funds Trust | 0.41% | 5,772 NS | April 30, 2026 | N-PORT |
| COWZ · Pacer Funds Trust | 0.41% | 2,244,162 NS | April 30, 2026 | N-PORT |
| DUSL · Direxion Shares ETF Trust | 0.38% | 6,252 NS | April 30, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.37% | 16,230 NS | April 30, 2026 | N-PORT |
| JSTC · Tidal Trust I | 0.35% | 36,193 NS | May 31, 2026 | N-PORT |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.35% | 135,945 NS | April 30, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.34% | 1,081,677 SH | Aug. 8, 2026 | Daily |
| FQAL · FIDELITY COVINGTON TRUST | 0.34% | 140,121 NS | April 30, 2026 | N-PORT |
| UXI · ProShares Trust | 0.34% | 2,942 NS | May 31, 2026 | N-PORT |
| HEQQ · J.P. Morgan Exchange-Traded Fund Tr… | 0.33% | 3,152 NS | April 30, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.33% | 148,012 NS | April 30, 2026 | N-PORT |
| SOVF · Elevation Series Trust | 0.32% | 9,218 NS | April 30, 2026 | N-PORT |
| SZNE · Pacer Funds Trust | 0.28% | 1,148 NS | April 30, 2026 | N-PORT |
| NULC · Nushares ETF Trust | 0.27% | 4,612 NS | April 30, 2026 | N-PORT |
| IEDI · iShares U.S. ETF Trust | 0.26% | 2,561 SH | Aug. 8, 2026 | Daily |
| EXI · iShares Trust | 0.25% | 125,528 SH | Aug. 8, 2026 | Daily |
| IWS · iShares Trust | 0.24% | 1,331,279 SH | Aug. 8, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.24% | 18,788,866 SH | Aug. 8, 2026 | Daily |
| BFOR · ALPS ETF Trust | 0.22% | 14,523 NS | May 31, 2026 | N-PORT |
| SPXD · DBX ETF Trust | 0.21% | 424 NS | May 31, 2026 | N-PORT |
| IMCG · iShares Trust | 0.20% | 274,051 SH | Aug. 8, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.19% | 438,622 NS | April 30, 2026 | N-PORT |
| GSEW · Goldman Sachs ETF Trust | 0.19% | 104,271 NS | May 31, 2026 | N-PORT |