Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise28.7%
Next ReportNov 02, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 3, 2026
$0.69
$0.59
17.8%
March 31, 2026
$0.53
$0.35
52.2%
Dec. 31, 2025
$0.49
$0.35
41.1%
Sept. 30, 2025
$0.35
$0.36
-2.0%
June 30, 2025
$0.43
$0.30
43.0%
March 31, 2025
$0.56
$0.46
20.5%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement10
Metric
Trend
2025
2024
2023
2022
2021
2020
Revenue
$3.58B
$2.93B
$2.38B
$3.06B
$1.48B
$754M
SG&A Expense
$472M
$336M
$141M
$85M
$78M
$17M
Operating Expenses
$3.35B
$2.71B
$2.06B
$1.77B
$993M
$1.13B
Operating Income
$229M
$218M
$325M
$1.28B
$484M
$-374M
Interest Expense
·
·
$146M
$96M
$51M
$38M
Other Non-op
$-5M
$2M
$-282.0K
$949.0K
$120.0K
$341.0K
Pretax Income
$202M
$-169M
$345M
$517M
$-433M
$-216M
Income Tax
$35M
$-31M
$23M
$36M
$-306.0K
$14.0K
Net Income
$133M
$-115M
$68M
$97M
$-19M
$0
EBITDA
$1.40B
$1.17B
$1.00B
$1.82B
$797M
·
Balance Sheet21
Metric
Trend
2025
2024
2023
2022
2021
2020
Cash & Equivalents
$10M
$133M
$3M
$0
$129M
$37M
Receivables
·
·
·
$457M
$322M
$112M
Prepaid Expense
$46M
$43M
$40M
$13M
$9M
$2M
Other Current Assets
$13M
$12M
$11M
$29M
·
·
Current Assets
$1.86B
$788M
$616M
$517M
$480M
$220M
Goodwill
·
·
$0
$0
$77M
$0
Other Non-current Assets
$151M
$207M
$58M
$50M
$30M
$22M
Total Assets
$12.44B
$9.16B
$6.80B
$6.02B
$5.16B
$3.91B
Accounts Payable
·
·
$125M
$104M
$87M
$15M
Current Liabilities
$1.26B
$827M
$750M
$894M
$616M
$121M
Capital Leases
·
·
·
·
$1M
·
Deferred Tax
$12M
$370M
$263M
$147M
$83M
$0
Other Non-current Liabilities
$83M
$56M
$35M
$14M
$14M
$12M
Total Liabilities
$7.28B
$4.79B
$3.17B
$2.72B
$2.14B
$1.01B
Long-term Debt
$5.52B
$3.05B
$1.69B
$1.25B
$1.03B
$751M
Total Debt
$5.52B
$3.05B
$1.69B
$1.25B
$1.03B
·
Paid-in Capital
$5.23B
$3.23B
$1.63B
$805M
$720M
·
Retained Earnings
$0
$-65M
$95M
$62M
$-19M
·
Treasury Stock
$71M
$32M
$17M
$18M
$18M
·
Stockholders' Equity
$5.17B
$3.14B
$1.73B
$862M
$695M
·
Liabilities + Equity
$12.44B
$9.16B
$6.80B
$6.02B
$5.16B
$3.91B
Cash Flow13
Metric
Trend
2025
2024
2023
2022
2021
2020
D&A
$1.17B
$949M
$676M
$533M
$313M
$372M
Stock-based Comp
$245M
$186M
$83M
$38M
$40M
$-797.0K
Deferred Tax
$36M
$-36M
$23M
$33M
$-935.0K
$0
Restructuring
$62M
$17M
·
·
·
·
Other Non-cash
$99M
$238M
$87M
$312M
$-99M
·
Operating Cash Flow
$1.68B
$1.22B
$936M
$1.01B
$233M
$411M
Investing Cash Flow
$-923M
$-1.20B
$-1.40B
$-1.12B
$-245M
$-125M
Stock Repurchased
$33M
$8M
$0
$0
$18M
$0
Net Stock Activity
$-33M
$-8M
$-72.0K
$0
$-18M
·
Dividends Paid
$115M
$65M
$34M
$28M
$0
$0
Financing Cash Flow
$-245M
$207M
$456M
$-8M
$105M
$-272M
Net Change in Cash
$512M
$232M
$-7M
$-120M
$94M
·
Taxes Paid
$10M
$2M
$-1M
$8M
·
·
Profitability7
Metric
Trend
2025
2024
2023
2022
2021
2020
Operating Margin
6.4%
7.4%
13.6%
42.0%
32.8%
·
Net Margin
3.7%
-3.9%
2.8%
3.2%
-1.3%
·
Pretax Margin
5.6%
-5.8%
14.5%
16.9%
-29.3%
·
EBITDA Margin
39.0%
39.9%
42.0%
59.4%
53.9%
·
ROA
1.2%
-1.4%
1.1%
1.7%
-0.43%
·
ROE
2.8%
-3.8%
4.0%
11.3%
-5.6%
·
ROIC
1.8%
2.9%
8.8%
56.6%
28.0%
·
Liquidity & Solvency5
Metric
Trend
2025
2024
2023
2022
2021
2020
Current Ratio
1.5
1.0
0.8
0.6
0.8
·
Quick Ratio
0.0
0.2
0.0
0.5
0.7
·
Debt / Equity
1.1
1.0
1.0
1.4
1.5
·
LT Debt / Equity
1.1
1.0
1.0
1.4
1.5
·
Interest Coverage
·
·
2.2
13.4
9.5
·
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
Asset Turnover
0.3
0.4
0.4
0.5
0.3
·
Receivables Turnover
·
·
·
7.8
6.8
·
Growth Rates5
Metric
Trend
2025
2024
2023
2022
2021
2020
Revenue YoY
22.1%
23.0%
-22.1%
107.0%
95.8%
·
Revenue CAGR 3Y
5.4%
25.7%
46.7%
·
·
·
Revenue CAGR 5Y
36.5%
·
·
·
·
·
Net Income YoY
·
·
-30.1%
·
·
·
Net Income CAGR 3Y
11.2%
·
·
·
·
·
Valuation (TTM)4
Metric
Trend
2025
2024
2023
2022
2021
2020
Revenue TTM
$3.58B
$2.93B
$2.38B
$3.06B
$1.48B
·
Net Income TTM
$133M
$-115M
$68M
$97M
$-19M
·
Payout Ratio
86.6%
-56.8%
50.5%
28.5%
·
·
Annual Payout
$115M
$65M
$34M
$28M
$0
·
Income Statement10
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue
$1.39B
$1.18B
$865M
$867M
$898M
$950M
$875M
$745M
$653M
$657M
$658M
$642M
$492M
$590M
$685M
$865M
SG&A Expense
$61M
$63M
$217M
$74M
$125M
$57M
$87M
$160M
$47M
$43M
$35M
$44M
$41M
$21M
$26M
$17M
Operating Expenses
$814M
$855M
$918M
$836M
$818M
$778M
$903M
$752M
$534M
$523M
$689M
$501M
$428M
$440M
$581M
$447M
Operating Income
$581M
$327M
$-53M
$31M
$80M
$172M
$-28M
$-7M
$119M
$134M
$-31M
$142M
$64M
$151M
$104M
$418M
Interest Expense
·
·
·
·
·
·
·
·
·
$43M
·
$42M
$31M
$29M
·
$27M
Other Non-op
$471.0K
$-327.0K
$-5M
$209.0K
$115.0K
$115.0K
$-645.0K
$2M
$624.0K
$150.0K
$-1M
$917.0K
$39.0K
$250.0K
$5M
$-3M
Pretax Income
$664M
$-501M
$4M
$-14M
$204M
$9M
$-207M
$-7M
$82M
$-37M
$158M
$-152M
$67M
$272M
$51M
$594M
Income Tax
$170M
$-82M
$-5M
$-4M
$41M
$3M
$-37M
$-2M
$12M
$-4M
$18M
$-21M
$9M
$16M
$2M
$38M
Net Income
$493M
$-420M
$-9M
$-10M
$153M
$-2M
$-118M
$-10M
$38M
$-24M
$56M
$-53M
$5M
$60M
$9M
$118M
EBITDA
$939M
$682M
·
$329M
$377M
$455M
·
$244M
$332M
$311M
·
$328M
$224M
$297M
·
$563M
Balance Sheet20
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Cash & Equivalents
$265M
$10M
$10M
$4M
$3M
$6M
$133M
$136M
$778M
$5M
$3M
$229M
$2M
$3M
$0
$22M
Receivables
·
·
·
·
·
·
·
·
·
·
·
·
·
$468M
·
$519M
Prepaid Expense
$50M
$51M
$46M
$45M
$42M
$39M
$43M
$47M
$46M
$40M
·
$51M
$37M
$37M
·
$21M
Other Current Assets
$60M
$30M
$13M
$18M
$11M
$13M
$12M
$43M
$12M
$13M
·
$6M
$13M
·
·
·
Current Assets
$1.10B
$896M
$1.86B
$703M
$753M
$679M
$788M
$865M
$1.33B
$564M
·
$903M
$597M
$540M
·
$580M
Goodwill
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
$77M
Other Non-current Assets
$170M
$164M
$151M
$108M
$108M
$113M
$207M
$124M
$93M
$56M
·
$59M
$48M
$46M
·
$50M
Total Assets
$12.01B
$12.00B
$12.44B
$9.69B
$9.86B
$9.87B
$9.16B
$9.25B
$7.48B
$6.80B
·
$6.99B
$6.15B
$6.11B
·
$6.23B
Accounts Payable
·
·
·
·
·
·
·
·
·
$138M
·
·
·
$93M
·
$139M
Current Liabilities
$1.17B
$1.57B
$1.26B
$864M
$852M
$870M
$827M
$930M
$712M
$748M
·
$881M
$672M
$786M
·
$1.04B
Deferred Tax
$15M
$7M
$12M
$564M
$554M
$368M
$370M
$388M
$306M
$288M
·
$234M
$241M
$163M
·
$142M
Other Non-current Liabilities
$109M
$75M
$83M
$66M
$75M
$94M
$56M
$66M
$59M
$37M
·
$32M
$11M
$14M
·
$22M
Total Liabilities
$6.85B
$7.31B
$7.28B
$5.22B
$5.36B
$5.44B
$4.79B
$5.05B
$3.89B
$3.25B
·
$3.47B
$2.63B
$2.59B
·
$2.96B
Long-term Debt
$5.17B
$5.24B
$5.52B
$3.22B
$3.37B
$3.60B
$3.05B
$3.23B
$2.40B
$1.75B
·
$1.91B
$1.33B
$1.24B
·
$1.37B
Total Debt
$5.17B
$5.24B
·
$3.22B
$3.37B
$3.60B
·
$3.23B
$2.40B
$1.75B
·
$1.91B
$1.33B
$1.24B
·
$1.37B
Paid-in Capital
$5.19B
$5.17B
$5.23B
$4.52B
$4.50B
$3.36B
$3.23B
$2.84B
$2.05B
$1.93B
·
$1.57B
$1.36B
$806M
·
$802M
Retained Earnings
$33M
$-420M
$0
$16M
$56M
$-67M
$-65M
$53M
$83M
$59M
·
$51M
$113M
$114M
·
$61M
Treasury Stock
$72M
$71M
$71M
$66M
$66M
$38M
$32M
$32M
$17M
$17M
·
$17M
$17M
$18M
·
$18M
Stockholders' Equity
$5.16B
$4.69B
$5.17B
$4.48B
$4.50B
$3.27B
$3.14B
$2.88B
$2.14B
$2.00B
$1.73B
$1.63B
$1.48B
$916M
$862M
$849M
Liabilities + Equity
$12.01B
$12.00B
$12.44B
$9.69B
$9.86B
$9.87B
$9.16B
$9.25B
$7.48B
$6.80B
·
$6.99B
$6.15B
$6.11B
·
$6.23B
Cash Flow13
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
D&A
$358M
$354M
$289M
$298M
$297M
$283M
$309M
$251M
$212M
$177M
$183M
$186M
$160M
$146M
$157M
$145M
Stock-based Comp
$21M
$23M
$102M
$24M
$93M
$26M
$54M
$81M
$22M
$28M
$18M
$29M
$28M
$8M
$12M
$6M
Deferred Tax
$169M
$-83M
$-1M
$11M
$34M
$-8M
$-26M
$-5M
$-202.0K
$-5M
$19M
$-20M
$8M
$16M
$6M
$39M
Restructuring
$0
$15.0K
$62M
$0
$0
$0
$420.0K
·
·
·
·
·
·
·
·
·
Other Non-cash
·
$534M
·
·
·
$39M
·
·
·
$8M
·
·
·
$10M
·
·
Operating Cash Flow
$707M
$409M
$371M
$473M
$499M
$337M
$384M
$368M
$287M
$184M
$323M
$189M
$183M
$240M
$215M
$399M
Investing Cash Flow
$-322M
$-682M
$596M
$-250M
$-212M
$-1.06B
$-364M
$-548M
$-129M
$-157M
$-333M
$-691M
$-180M
$-195M
$-63M
$-197M
Stock Repurchased
$0
$0
$-358.0K
$0
$29M
$5M
$502.0K
$7M
$0
$0
$0
$-72.0K
·
·
$0
$0
Net Stock Activity
·
$0
·
·
·
$-5M
·
·
·
·
·
·
·
·
·
·
Dividends Paid
$40M
$39M
$31M
$31M
$31M
$23M
$19M
$20M
$13M
$13M
$11M
$9M
$6M
$8M
$8M
$7M
Financing Cash Flow
$-128M
$-448M
$-237M
$-221M
$-289M
$503M
$42M
$-429M
$618M
$-24M
$-249M
$693M
$56M
$-44M
$-166M
$-236M
Net Change in Cash
$257M
$-721M
$730M
$2M
$-2M
$-217M
$63M
$-609M
$776M
$2M
$-259M
$191M
$59M
$1M
$-14M
$-34M
Taxes Paid
$1M
$-876.0K
$1M
$2M
$6M
$2M
$195.0K
$851.0K
$719.0K
$86.0K
$39.0K
$-5M
$3M
$20.0K
$300.0K
$120.0K
Profitability7
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Operating Margin
41.6%
27.7%
·
3.5%
8.9%
18.1%
·
-1.0%
18.3%
20.4%
·
22.0%
13.0%
25.5%
·
48.3%
Net Margin
35.3%
-35.5%
·
-1.1%
17.1%
-0.23%
·
-1.3%
5.8%
-3.7%
·
-8.2%
1.1%
10.1%
·
13.7%
Pretax Margin
47.6%
-42.4%
·
-1.7%
22.7%
0.90%
·
-0.97%
12.5%
-5.6%
·
-23.6%
13.5%
46.1%
·
68.7%
EBITDA Margin
67.3%
57.6%
·
38.0%
41.9%
47.9%
·
32.8%
50.8%
47.2%
·
51.1%
45.5%
50.3%
·
65.0%
ROA
4.5%
-3.8%
·
-0.10%
1.8%
-0.03%
·
-0.12%
0.55%
-0.37%
·
-0.80%
0.08%
0.97%
·
3.8%
ROE
10.2%
-10.6%
·
-0.26%
4.6%
-0.08%
·
-0.44%
2.1%
-1.7%
·
-4.3%
0.49%
8.9%
·
27.9%
ROIC
4.2%
2.8%
·
0.29%
0.81%
1.7%
·
-0.09%
2.3%
3.2%
·
3.5%
2.0%
6.6%
·
17.6%
Liquidity & Solvency5
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Current Ratio
0.9
0.6
·
0.8
0.9
0.8
·
0.9
1.9
0.8
·
1.0
0.9
0.7
·
0.6
Quick Ratio
0.2
0.0
·
0.0
0.0
0.0
·
0.1
1.1
0.0
·
0.3
0.0
0.6
·
0.5
Debt / Equity
1.0
1.1
·
0.7
0.7
1.1
·
1.1
1.1
0.9
·
1.2
0.9
1.4
·
1.6
LT Debt / Equity
1.0
1.1
·
0.7
0.7
1.1
·
1.1
1.1
0.9
·
1.2
0.9
1.4
·
1.6
Interest Coverage
·
·
·
·
·
·
·
·
·
3.1
·
3.4
2.1
5.1
·
15.4
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Asset Turnover
0.1
0.1
·
0.1
0.1
0.1
·
0.1
0.1
0.1
·
0.1
0.1
0.1
·
0.3
Receivables Turnover
·
·
·
·
·
·
·
·
·
·
·
·
·
1.2
·
3.3
Valuation (TTM)4
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue TTM
$4.31B
$3.81B
·
$3.59B
$3.47B
$3.22B
·
$2.71B
$2.61B
$2.45B
·
$2.41B
$2.63B
$3.05B
·
$2.84B
Net Income TTM
$55M
$-285M
·
$24M
$23M
$-93M
·
$59M
$16M
$-16M
·
$21M
$192M
$241M
·
$69M
Payout Ratio
·
-9.4%
·
·
·
-1091.0%
·
·
·
-52.3%
·
·
·
13.7%
·
·
Annual Payout
$140M
$131M
·
$104M
$93M
$76M
·
$57M
$46M
$39M
·
$31M
$29M
$31M
·
$19M
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$3.58B
$2.93B
$2.38B
$3.06B
$1.48B
Operating Margin %
6.4%
7.4%
13.6%
42.0%
32.8%
Net Income
$133M
$-115M
$68M
$97M
$-19M
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
1.1
1.0
1.0
1.4
1.5
Current Ratio
1.5
1.0
0.8
0.6
0.8
Quick Ratio
0.0
0.2
0.0
0.5
0.7
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F)
400 filers
· $3.2B total
· As of Sept. 30, 2026
17
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.
Holders400
Value held$3.2B
New positions74
Exited positions60
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
74 (0 vs prior Q)
60 (+12 vs prior Q)
147 (+19 vs prior Q)
90 (-26 vs prior Q)
+6.0M
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.
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
Liberty Mutual Foundation Inc., Liberty Mutual Insurance Company, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc., Liberty Mutual Holding Company Inc., Liberty Energy Holdings, LLC
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.
Company insiders
22 insiders
· 7 officers · 15 directors