CYH Community Health Systems, Inc. Common Stock
About Community Health Systems, Inc. Common Stock Company overview from Wikipedia
Community Health Systems, Inc. (CHS) is a Fortune 500 company based in Franklin, Tennessee. It was the largest provider of general hospital healthcare services in the United States in terms of number of acute care facilities. In 2014, CHS had around 200 hospitals, but the number had declined to around 85 in 2021.
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Community Health Systems, Inc. (CHS) is a Fortune 500 company based in Franklin, Tennessee. It was the largest provider of general hospital healthcare services in the United States in terms of number of acute care facilities. In 2014, CHS had around 200 hospitals, but the number had declined to around 85 in 2021.
In August 2015, the company announced plans to spin off 38 hospitals and its management and consulting subsidiary, Quorum Health Resources, into a new publicly traded company called Quorum Health Corporation. The company completed the spinoff of Quorum Health Corporation on April 29, 2016. Quorum owns or leases hospitals across 16 states, primarily in cities or counties with populations of 50,000 or less. In April 2020 Quorum declared bankruptcy and is no longer trading on the NYSE.
On October 3, 2016, CHS was removed from the S&P Midcap 400 and added to the S&P Smallcap 600. Under CEO Wayne T. Smith, the company's stock has lost over 76% of its value since the year 2000.
Chinese billionaire Tianqiao Chen had a 22.2 percent stake in Community Health Systems in 2017.
History
Founding and early years (1985–2014)
E. Thomas Chaney, former executive of Hospital Affiliates, Inc. and David Steffy and Richard Ragsdale, former executives at Hospital Corporation of America spinoff Republic Health Corporation, formed Community Health Systems in 1985.
The company made its initial public offering in 1991. In 1996, the company was purchased by private equity firm Forstmann Little & Company. Community Health Systems went public again in 2000. In August 2003, the company acquired Southside Regional Medical Center. On October 10, 2015, the 372-bed Grandview Medical Center began operating in Birmingham, Alabama, replacing Trinity Medical Center.
In 2000, Community Health Systems paid $31 million to the United States Department of Justice to settle a review of its billing practices.
In 2007, Community Health Systems purchased Plano, Texas-based Triad Hospitals for $6.8 billion, adding nearly 50 hospitals, hospital management and consulting business Quorum Health Resources, and nearly doubling the size of the company. Among the facilities included in the deal was McKenzie-Willamette Hospital in Springfield, Oregon; Trinity Medical Center in Birmingham, Alabama; and the seven hospitals of Lutheran Health Network in the Ft. Wayne, Indiana region.
In 2010, McKenzie-Willamette's healthcare workers' union, SEIU, Local 49, claimed that workload increases, slashed benefits, and staff reductions had lowered the quality of both patient care and quality of life for employees. The union, in its "Profits Before Community" campaign against the hospital, continues to highlight that profits have tripled while charitable care and employee benefits have steadily decreased since the hospital moved from a non-profit to a for-profit enterprise under CHS.
In 2011, it was accused by Tenet Healthcare of overbilling Medicare in its aggressive admissions policy compared to its peers. It was subpoenaed by Medicare on its aggressive billing to the Medicare systems.
In 2013, Community Health Systems entered into an agreement with Health Management Associates to purchase HMA for about $3.6 billion in cash and stock. The merger was completed in January 2014 and made Community Health Systems the largest for-profit hospital operator at the time, with 206 hospitals in 29 states. The acquisition of HMA brought with it liability for lawsuits and criminal charges of fraudulent claims against Medicare and other federal programs. CHS settled these claims for $262 million in October, 2018.
On August 4, 2014, Community Health Systems paid $95.14 million to the United States Department of Justice to resolve multiple lawsuits "alleging that the company knowingly billed government health care programs for inpatient services that should have been billed as outpatient or observation services". As part of the agreement, Community Health Systems was required to enter into a corporate integrity agreement that required the company to participate in compliance efforts.
It was reported on August 18, 2014, that hackers broke into Community Health System's records system and stole data on 4.5 million patients. These data included names, Social Security numbers, physical addresses, birthdays and telephone numbers. CHS provided all patients whose records were impacted with free identity theft protection.
Recent developments (2015–present)
On February 2, 2015, Community Health Systems was required to pay $75 million to settle allegations "that they made illegal donations to county governments to reap more federal dollars under a now-discontinued matching program". The allegations were brought about by a former CHS employee in a complaint under the False Claims Act.
In October 2015, Community Health Systems paid $13 million to the United States Department of Justice to resolve allegations related to the False Claims Act.
After CHS agreed in 2015 to sell Memorial Hospital of Salem County in New Jersey to Prime Healthcare Foundation, a nonprofit affiliated with Prime Healthcare Services; the sale was approved by New Jersey in early February 2017.
On December 6, 2016, a former CFO of a CHS hospital was awarded $1.9 million in a whistleblower lawsuit he filed after he was terminated for refusing to submit false financial documents.
In January 2017, a settlement between investors and CHS executives for $60 million was reached. The settlement resolved allegations of "breach of fiduciary duty" by CHS executives.
In March 2017, Quorum's board retained outside counsel in relation to whether Community Health Systems had committed fraud with regards to financial projections for Quorum, and whether any of its current management may have been involved in any possible fraud. In June 2017 Quorum said although the investigation did not produce "conclusive evidence" of fraud the projections appeared to be incompetent at best.
In April–July 2017, Community Health Systems rejected overtures from key Lutheran Health Network doctors to facilitate sale of its profitable network in CHS to a third party, after assertions of continual lack of re-investment into the network's facilities and staff by CHS management. After those discussions/accusations became public, several key leaders of the affiliated hospitals, Lutheran and Dupont, and the network were fired or resigned. Key prominent local community leaders Chuck Surack and Tom Kelley resigned from the Lutheran Health Network's and hospitals' advisory boards.
On March 13, 2018, it was reported that the company had hired financial advisory firm Lazard to help address long-term debt.
On August 1, 2018, CHS completed the sale of 425-bed Munroe Regional Medical Center in Ocala, Fla., to Altamonte Springs, Fla.-based Adventist Health System.
On May 22, 2019, AdventHealth announced they had signed definitive agreements to purchase 193-bed Heart of Florida Regional Medical Center in Davenport, Florida, and 160-bed Lake Wales Medical Center in Lake Wales, Florida, from affiliates of CHS.
In December 2019, CHS announced that subsidiaries of the company have completed the sale of three Virginia hospitals – Southside Regional Medical Center in Petersburg, Southampton Memorial Hospital in Franklin, and Southern Virginia Regional Medical Center in Emporia, effective on January 1, 2020.
On April 27, 2020, CHS announced that an affiliate of the company has signed a definitive agreement to sell its majority ownership interest in 84‑bed St. Cloud Regional Medical Center and its associated healthcare operations in St. Cloud, Florida, to a subsidiary of Orlando Health. Orlando Health currently holds minority ownership interest in St. Cloud and will purchase the remaining interest through this transaction.
On September 30, 2020, CHS announced that an affiliate of the company has completed the sale of 480-bed Bayfront Health St. Petersburg and its associated assets to a subsidiary of Orlando Health.
In its annual Form 10-K filed in 2019, it identified Florida, Texas and Indiana as areas of geographic concentration.
In 2014, CHS had around 200 hospitals, but the number had declined to around 85 in 2021.
From March 2020 to May 2021, during the COVID-19 pandemic, CHS filed more than 19,000 lawsuits against individuals for not being able to pay off their medical debt (some from hospitals it no longer owned) even as the company collected over $700 million in Covid relief funds from the federal government. Many of these lawsuits were against people who could not pay the legal fees to challenge CHS in court. (Due to the fact that these are civil suits and not criminal suits, the defendants do not receive a state-appointed lawyer.) In 2020, CHS posted its most profitable year in at least a decade.
Predatory liens practices
Lawsuits have been filed against CHS hospitals for alleged predatory liens practices where hospitals file for liens rather than bill individuals' health insurers, resulting in massive fees for patients.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CYH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
CYH 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 |
|---|---|
| Dec. 13, 2012 | $0.2066 |
CYH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 1 6.2%
- Buy 1 6.2%
- Hold 6 37.5%
- Sell 7 43.8%
- Strong Sell 1 6.2%
12-Month Price Target
7 analysts · 2026-08-13Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.19 | $-0.06 | -0.13% |
| March 31, 2026 | $-0.48 | $-0.10 | -0.38% |
| Dec. 31, 2025 | $-0.01 | $-0.10 | 0.10% |
| Sept. 30, 2025 | $1.27 | $-0.25 | 1.5% |
| June 30, 2025 | $-0.05 | $-0.11 | 0.06% |
| March 31, 2025 | $-0.03 | $-0.08 | 0.05% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CYH | $433M | 0.8 | -1.2% | 4.1% | -30.8% | — |
| SNDA | $612M | -7.7 | 25.2% | -18.6% | -197.2% | — |
| ARDT | $1.26B | 9.2 | 6.0% | 2.1% | 11.2% | — |
| NUTX | $1.17B | 15.7 | 82.4% | 8.1% | 30.6% | 50.8% |
| USPH | — | 55.0 | 16.3% | 5.1% | 8.2% | 19.2% |
| JYNT | $123M | 45.9 | 5.2% | 5.3% | 16.3% | — |
| HCA | $104.86B | 16.5 | 7.1% | 9.0% | -159.1% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.48B | $12.63B | $12.49B | $12.21B | $12.37B | $11.79B | $13.21B | $14.15B | $15.35B | $18.44B | |
| Cost of Revenue | $1.86B | $1.95B | $1.99B | $1.98B | $2.04B | $1.96B | $2.15B | $2.35B | $2.67B | $3.01B | |
| Operating Expenses | $11.00B | $12.09B | $11.53B | $11.39B | $10.97B | $10.66B | $12.56B | $13.95B | $17.23B | $19.30B | |
| Operating Income | $1.49B | $542M | $957M | $821M | $1.40B | $1.13B | $650M | $208M | $-1.88B | $-860M | |
| Interest Income | $2M | $3M | $2M | $2M | $3M | $3M | $3M | $7M | $11M | $14M | |
| Pretax Income | $724M | $-283M | $207M | $349M | $499M | $422M | $-430M | $-715M | $-2.83B | $-1.72B | |
| Income Tax | $48M | $79M | $191M | $170M | $131M | $-185M | $160M | $-11M | $-449M | $-104M | |
| Net Income | $509M | $-516M | $-133M | $46M | $230M | $511M | $-675M | $-788M | $-2.46B | $-1.72B | |
| EPS (Basic) | $3.81 | $-3.90 | $-1.02 | $0.35 | $1.82 | $4.43 | $-5.93 | $-6.99 | $-22.00 | $-15.54 | |
| EPS (Diluted) | $3.77 | $-3.90 | $-1.02 | $0.35 | $1.76 | $4.39 | $-5.93 | $-6.99 | $-22.00 | $-15.54 | |
| Shares (Basic) | 133,564,227 | 132,101,768 | 130,445,677 | 128,808,387 | 126,754,852 | 115,491,022 | 113,739,046 | 112,728,274 | 111,769,821 | 110,730,971 | |
| Shares (Diluted) | 135,012,240 | 132,101,768 | 130,445,677 | 130,060,319 | 130,597,410 | 116,544,561 | 113,739,046 | 112,728,274 | 111,769,821 | 110,730,971 | |
| EBITDA | $1.49B | $542M | $957M | $821M | $1.40B | $1.13B | $1.26B | $908M | $-1.02B | $240M |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $260M | $37M | $38M | $118M | $507M | $1.68B | $216M | $196M | $563M | $238M | |
| Receivables | $2.08B | $2.29B | $2.23B | $2.04B | $2.06B | $1.93B | $2.26B | $2.35B | $2.38B | $3.18B | |
| Other Current Assets | $381M | $358M | $275M | $235M | $269M | $338M | $358M | $400M | $462M | $568M | |
| Current Assets | $3.23B | $3.30B | $3.21B | $3.08B | $3.48B | $4.51B | $3.43B | $3.55B | $4.07B | $4.67B | |
| PP&E (Net) | $4.50B | $4.78B | $5.21B | $5.37B | $5.55B | $5.32B | $5.61B | $6.14B | $7.05B | $8.15B | |
| PP&E (Gross) | $8.91B | $9.16B | $9.51B | $9.64B | $9.76B | $9.35B | $9.65B | $10.30B | $11.50B | $12.42B | |
| Accum. Depreciation | $4.41B | $4.38B | $4.30B | $4.27B | $4.20B | $4.03B | $4.04B | $4.16B | $4.45B | $4.27B | |
| Goodwill | $3.32B | $3.79B | $3.96B | $4.17B | $4.22B | $4.22B | $4.33B | $4.56B | $4.72B | $6.52B | |
| Intangibles | $7M | $15M | $20M | $2M | · | · | · | · | $10M | $14M | |
| Other Non-current Assets | $2.10B | $2.17B | $2.05B | $2.01B | $1.91B | $1.90B | $2.21B | $1.54B | $1.54B | $2.59B | |
| Total Assets | $13.20B | $14.05B | $14.46B | $14.67B | $15.22B | $16.01B | $15.61B | $15.86B | $17.45B | $21.94B | |
| Accounts Payable | $842M | $913M | $912M | $773M | $830M | $783M | $811M | $887M | $967M | $995M | |
| Accrued Liabilities | · | · | · | · | · | · | $1.13B | $1.09B | $1.13B | $1.23B | |
| Current Liabilities | $2.21B | $2.35B | $2.14B | $2.19B | $2.36B | $2.81B | $2.28B | $2.39B | $2.36B | $2.89B | |
| Capital Leases | $537M | $535M | $563M | $605M | $535M | $524M | $487M | $84M | $287M | $302M | |
| Deferred Tax | $25M | $231M | $369M | $354M | $192M | $29M | $200M | $26M | $19M | $411M | |
| Other Non-current Liabilities | $891M | $828M | $739M | $644M | $827M | $1.60B | $894M | $1.01B | $1.36B | $1.57B | |
| Total Liabilities | $14.04B | $15.37B | $15.28B | $15.40B | $16.03B | $17.06B | $17.25B | $16.82B | $17.61B | $19.66B | |
| Long-term Debt | $10.40B | $11.45B | $11.49B | $11.63B | $12.14B | $12.22B | $13.40B | $13.60B | $13.91B | $15.24B | |
| Total Debt | $10.38B | $11.43B | $11.47B | $11.61B | $12.11B | $12.09B | $13.38B | · | · | · | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Retained Earnings | $-3.57B | $-4.08B | $-3.56B | $-3.43B | $-3.48B | $-3.71B | $-4.22B | $-3.54B | $-2.76B | $-299M | |
| AOCI | $-9M | $-10M | $-14M | $-21M | $-14M | $-13M | $-9M | $-10M | $-21M | $-62M | |
| Stockholders' Equity | $-1.39B | $-1.91B | $-1.39B | $-1.37B | $-1.37B | $-1.62B | $-2.22B | $-1.53B | $-767M | $1.61B | |
| Liabilities + Equity | $13.20B | $14.05B | $14.46B | $14.67B | $15.22B | $16.01B | $15.61B | $15.86B | $17.45B | $21.94B | |
| Shares Outstanding | 138,626,917 | 138,919,641 | 136,774,911 | 134,703,717 | 132,146,282 | 129,612,117 | 117,822,631 | 116,248,376 | 114,651,004 | 113,876,580 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $426M | $486M | $505M | $534M | $540M | $558M | $608M | $700M | $861M | $1.10B | |
| Stock-based Comp | $11M | $17M | $22M | $20M | $25M | $13M | $10M | $13M | $24M | $46M | |
| Deferred Tax | $-243M | $-116M | $35M | $165M | $171M | $-187M | $203M | $-3M | $-454M | $-116M | |
| Restructuring | · | · | · | · | $3M | · | · | · | · | · | |
| Other Non-cash | · | · | · | · | · | · | $239M | $352M | $2.80B | $1.83B | |
| Operating Cash Flow | $543M | $480M | $210M | $300M | $-131M | $2.18B | $385M | $274M | $773M | $1.14B | |
| CapEx | $335M | $360M | $467M | $415M | $469M | $440M | $438M | $527M | $564M | $744M | |
| Investing Cash Flow | $847M | $-275M | $-26M | $-259M | $-524M | $177M | $-2M | $-245M | $1.07B | $630M | |
| Net Debt Issued | $-6.52B | $-5.06B | $-4.32B | $-2.36B | $-4.43B | $-5.49B | $-3.56B | $-2.03B | $-5.39B | $-6.71B | |
| Financing Cash Flow | $-1.17B | $-206M | $-264M | $-430M | $-514M | $-895M | $-363M | $-396M | $-1.52B | $-1.71B | |
| Net Change in Cash | $223M | $-1M | $-80M | $-389M | $-1.17B | $1.46B | $20M | $-367M | $325M | $54M | |
| Taxes Paid | $249M | $171M | $91M | $-6M | $-4M | $-2M | $3M | $19M | $-4M | $16M | |
| Free Cash Flow | $208M | $120M | $-257M | $-115M | $-600M | $1.74B | $-53M | $-253M | $209M | $393M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 11.9% | 4.3% | 7.7% | 6.7% | 11.3% | 9.6% | 4.9% | 1.5% | · | · | |
| Net Margin | 4.1% | -4.1% | -1.1% | 0.38% | 1.9% | 4.3% | -5.1% | -5.6% | · | · | |
| Pretax Margin | 5.8% | -2.2% | 1.7% | 2.9% | 4.0% | 3.6% | -3.3% | -5.1% | · | · | |
| EBITDA Margin | 11.9% | 4.3% | 7.7% | 6.7% | 11.3% | 9.6% | 9.5% | 6.4% | · | · | |
| ROA | 3.7% | -3.6% | -0.91% | 0.31% | 1.5% | 3.2% | -4.3% | -4.7% | -12.5% | -7.1% | |
| ROE | -30.8% | 31.2% | 9.6% | -3.4% | -15.3% | -26.6% | 36.0% | 68.5% | -580.0% | -61.1% | |
| ROIC | 15.5% | 7.3% | 0.73% | 4.1% | 9.6% | 15.5% | 8.0% | -13.3% | 206.0% | -50.0% |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.5 | 1.4 | 1.5 | 1.4 | 1.5 | 1.6 | 1.5 | 1.5 | 1.7 | 1.6 | |
| Quick Ratio | 1.1 | 1.0 | 1.1 | 1.0 | 1.1 | 1.3 | 1.1 | 1.1 | 1.3 | 1.2 | |
| Debt / Equity | -7.4 | -6.0 | -8.2 | -8.5 | -8.8 | -7.4 | -6.0 | · | · | · | |
| LT Debt / Equity | -7.4 | -6.0 | -8.2 | -8.5 | -8.8 | -7.4 | -6.0 | · | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.7 | 0.8 | 0.8 | · | · | |
| Receivables Turnover | 5.7 | 5.6 | 5.8 | 6.0 | 6.2 | 5.6 | 5.7 | 6.0 | · | · |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -1.2% | 1.1% | 2.3% | -1.3% | 4.9% | · | · | · | · | · | |
| Revenue CAGR 3Y | 0.74% | 0.71% | 1.9% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 1.1% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | -80.1% | -59.9% | · | · | · | · | · | |
| EPS CAGR 3Y | 120.8% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -3.0% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | -80.0% | -55.0% | · | · | · | · | · | |
| Net Income CAGR 3Y | 122.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -0.08% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $12.48B | $12.63B | $12.49B | $12.21B | $12.37B | $11.79B | $13.21B | $14.15B | $15.35B | $18.44B | |
| Net Income TTM | $509M | $-516M | $-133M | $46M | $230M | $511M | $-675M | $-788M | $-2.46B | $-1.72B | |
| Market Cap | $433M | $415M | $428M | $582M | $1.76B | $963M | $342M | $328M | $488M | $637M | |
| Enterprise Value | $10.55B | $11.81B | $11.86B | $12.08B | $13.36B | $11.38B | $13.51B | · | · | · | |
| P/E | 0.8 | -0.8 | -3.1 | 12.3 | 7.6 | 1.7 | -0.5 | -0.4 | -0.2 | -0.4 | |
| P/S | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | |
| P/B | -0.3 | -0.2 | -0.3 | -0.4 | -1.3 | -0.6 | -0.2 | -0.2 | -0.6 | 0.4 | |
| P / Cash Flow | 0.8 | 0.9 | 2.0 | 1.9 | -13.4 | 0.4 | 0.9 | 1.2 | 0.6 | 0.6 | |
| P / FCF | 2.1 | 3.5 | -1.7 | -5.1 | -2.9 | 0.6 | -6.4 | -1.3 | 2.3 | 1.6 | |
| EV / EBITDA | 7.1 | 21.8 | 12.4 | 14.7 | 9.5 | 10.1 | 10.7 | · | · | · | |
| EV / FCF | 50.7 | 98.4 | -46.1 | -105.0 | -22.3 | 6.5 | -254.9 | · | · | · | |
| EV / Revenue | 0.8 | 0.9 | 0.9 | 1.0 | 1.1 | 1.0 | 1.0 | · | · | · | |
| Earnings Yield | 120.8% | -130.4% | -32.6% | 8.1% | 13.2% | 59.1% | -204.5% | -247.9% | -516.4% | -278.0% |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.83B | $2.96B | $3.11B | $3.09B | $3.13B | $3.16B | $3.26B | $3.09B | $3.14B | $3.14B | $3.18B | $3.09B | $3.12B | $3.11B | $3.14B | $3.02B | |
| Cost of Revenue | $401M | $441M | $446M | $460M | $469M | $489M | $507M | $469M | $483M | $487M | $493M | $489M | $504M | $507M | $497M | $492M | |
| Operating Expenses | $2.44B | $2.68B | $2.66B | $2.84B | $2.62B | $2.88B | $2.99B | $3.29B | $2.90B | $2.91B | $2.85B | $2.91B | $2.87B | $2.90B | $2.91B | $2.82B | |
| Operating Income | $389M | $281M | $449M | $243M | $512M | $284M | $278M | $-205M | $238M | $231M | $328M | $173M | $246M | $210M | $228M | $204M | |
| Interest Income | $1M | $1M | $0 | $1M | $1M | · | $1M | $1M | · | · | · | · | · | · | · | · | |
| Pretax Income | $180M | $64M | $221M | $-2M | $438M | $67M | $64M | $-419M | $50M | $22M | $194M | $-33M | $40M | $6M | $324M | $70M | |
| Income Tax | $76M | $89M | $61M | $-173M | $118M | $42M | $91M | $-64M | $24M | $28M | $108M | $19M | $38M | $26M | $-123M | $70M | |
| Net Income | $70M | $-58M | $110M | $130M | $282M | $-13M | $-71M | $-391M | $-13M | $-41M | $47M | $-91M | $-38M | $-51M | $415M | $-42M | |
| EPS (Basic) | $0.51 | $-0.43 | $0.83 | $0.97 | $2.11 | $-0.10 | $-0.53 | $-2.95 | $-0.10 | $-0.32 | $0.36 | $-0.69 | $-0.29 | $-0.40 | $3.20 | $-0.32 | |
| EPS (Diluted) | $0.51 | $-0.43 | $0.82 | $0.96 | $2.09 | $-0.10 | $-0.53 | $-2.95 | $-0.10 | $-0.32 | $0.36 | $-0.69 | $-0.29 | $-0.40 | $3.20 | $-0.32 | |
| Shares (Basic) | 135,494,789 | 134,417,158 | -266,863,732 | 133,787,535 | 133,763,733 | 132,876,691 | -263,891,006 | 132,376,226 | 132,344,504 | 131,272,044 | -260,601,819 | 130,698,907 | 130,659,672 | 129,688,917 | -257,247,066 | 129,141,673 | |
| Shares (Diluted) | 136,505,102 | 134,417,158 | -267,935,024 | 135,187,592 | 134,882,981 | 132,876,691 | -263,891,006 | 132,376,226 | 132,344,504 | 131,272,044 | -260,601,819 | 130,698,907 | 130,659,672 | 129,688,917 | -255,995,134 | 129,141,673 | |
| EBITDA | $389M | $281M | · | $243M | $512M | $284M | · | $-205M | $238M | $231M | · | $173M | $246M | $210M | · | $204M |
Balance Sheet 25
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $149M | $712M | $260M | $123M | $456M | $431M | $37M | $33M | $39M | $48M | · | $91M | $118M | $144M | · | $300M | |
| Receivables | $2.14B | $2.14B | $2.08B | $2.16B | $2.26B | $2.33B | $2.29B | $2.04B | $2.19B | $2.19B | · | $2.16B | $2.04B | $2.04B | · | $1.97B | |
| Other Current Assets | $308M | $421M | $381M | $325M | $351M | $61M | $358M | $402M | $292M | $307M | · | $325M | $339M | $227M | · | $301M | |
| Current Assets | $3.08B | $3.77B | $3.23B | $3.20B | $3.66B | $3.41B | $3.30B | $3.11B | $3.20B | $3.17B | · | $3.25B | $3.19B | $3.11B | · | $3.27B | |
| PP&E (Net) | $4.18B | $4.20B | $4.50B | $4.62B | $4.66B | $4.74B | $4.78B | $4.96B | $5.22B | $5.22B | · | $5.16B | $5.25B | $5.25B | · | $5.45B | |
| PP&E (Gross) | $8.04B | $8.09B | $8.91B | $9.06B | $9.02B | $9.20B | $9.16B | $9.09B | $9.59B | $9.61B | · | $9.37B | $9.53B | $9.56B | · | $9.73B | |
| Accum. Depreciation | $3.86B | $3.89B | $4.41B | $4.44B | $4.37B | $4.46B | $4.38B | $4.13B | $4.37B | $4.39B | · | $4.21B | $4.28B | $4.30B | · | $4.28B | |
| Goodwill | $3.23B | $3.13B | $3.32B | $3.54B | $3.60B | $3.79B | $3.79B | $3.94B | $3.97B | $3.96B | $3.96B | $3.94B | $4.05B | $4.05B | $4.17B | $4.20B | |
| Intangibles | · | · | $7M | · | · | · | $15M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $1.65B | $2.05B | $2.10B | $1.81B | $1.71B | $1.94B | $2.17B | $1.86B | $1.99B | $2.04B | · | $2.27B | $2.10B | $2.15B | · | $1.94B | |
| Total Assets | $12.18B | $13.18B | $13.20B | $13.24B | $13.64B | $13.89B | $14.05B | $13.90B | $14.41B | $14.42B | · | $14.67B | $14.65B | $14.62B | · | $14.91B | |
| Accounts Payable | $713M | $790M | $842M | $894M | $970M | $974M | $913M | $842M | $896M | $941M | · | $837M | $736M | $712M | · | $820M | |
| Current Liabilities | $2.02B | $2.57B | $2.21B | $2.18B | $2.29B | $2.37B | $2.35B | $2.13B | $2.17B | $2.14B | · | $2.15B | $2.08B | $2.13B | · | $2.38B | |
| Capital Leases | $527M | $504M | $537M | $527M | $514M | $535M | $535M | $528M | $542M | $546M | · | $560M | $580M | $588M | · | $563M | |
| Deferred Tax | $25M | $25M | $25M | $30M | $240M | $205M | $231M | $239M | $351M | $354M | · | $344M | $362M | $351M | · | $477M | |
| Other Non-current Liabilities | $901M | $922M | $891M | $866M | $850M | $806M | $828M | $815M | $721M | $726M | · | $694M | $722M | $647M | · | $726M | |
| Total Liabilities | $13.02B | $14.14B | $14.04B | $14.19B | $14.74B | $15.22B | $15.37B | $15.18B | $15.29B | $15.29B | · | $15.57B | $15.47B | $15.41B | · | $16.09B | |
| Long-term Debt | · | · | $10.40B | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | $9.55B | $10.13B | · | $10.59B | $10.84B | $11.30B | · | $11.47B | $11.50B | $11.53B | · | $11.82B | $11.73B | $11.70B | · | $11.94B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Retained Earnings | $-3.56B | $-3.63B | $-3.57B | $-3.68B | $-3.81B | $-4.09B | $-4.08B | $-4.01B | $-3.62B | $-3.60B | · | $-3.61B | $-3.52B | $-3.48B | · | $-3.85B | |
| AOCI | $-11M | $-10M | $-9M | $-5M | $-5M | $-7M | $-10M | $-8M | $-13M | $-16M | · | $-23M | $-19M | $-18M | $-21M | $-33M | |
| Stockholders' Equity | $-1.39B | $-1.45B | $-1.39B | $-1.50B | $-1.63B | $-1.92B | $-1.91B | $-1.82B | $-1.44B | $-1.43B | · | $-1.46B | $-1.49B | $-1.45B | · | $-1.79B | |
| Liabilities + Equity | $12.18B | $13.18B | $13.20B | $13.24B | $13.64B | $13.89B | $14.05B | $13.90B | $14.41B | $14.42B | · | $14.67B | $14.65B | $14.62B | · | $14.91B | |
| Shares Outstanding | 141,010,284 | 140,916,712 | 138,626,917 | 140,119,616 | 140,119,616 | 140,302,924 | 138,919,641 | 138,936,058 | 138,960,194 | 138,966,388 | · | 136,772,094 | 136,802,806 | 136,749,427 | · | 134,698,067 |
Cash Flow 10
| 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 | $108M | $114M | $108M | $108M | $105M | $105M | $129M | $117M | $125M | $115M | $121M | $128M | $124M | $132M | $136M | $137M | |
| Stock-based Comp | $2M | $3M | $5M | $-1M | $3M | $4M | $5M | $4M | $2M | $6M | $6M | $6M | $4M | $6M | $6M | $6M | |
| Operating Cash Flow | $88M | $-297M | $266M | $69M | $88M | $120M | $216M | $67M | $101M | $96M | $90M | $29M | $86M | $5M | $9M | $137M | |
| CapEx | $76M | $76M | $94M | $65M | $91M | $85M | $109M | $70M | $88M | $93M | $110M | $130M | $105M | $122M | $131M | $93M | |
| Investing Cash Flow | $-23M | $1.02B | $142M | $-81M | $342M | $444M | $-143M | $75M | $-108M | $-99M | $180M | $-101M | $-86M | $-19M | $-52M | $30M | |
| Net Debt Issued | · | $-351M | · | · | · | $-1.09B | · | · | · | $-885M | · | · | · | $-757M | · | · | |
| Financing Cash Flow | $-628M | $-274M | $-271M | $-321M | $-405M | $-170M | $-69M | $-148M | $-2M | $13M | $-323M | $45M | $-26M | $40M | $-139M | $-213M | |
| Net Change in Cash | $-563M | $452M | $137M | $-333M | $25M | $394M | $4M | $-6M | $-9M | $10M | $-53M | · | · | $26M | $-182M | $-46M | |
| Taxes Paid | $61M | $0 | $441M | $-91M | $181M | $80M | $303M | $-48M | $-84M | $0 | $152M | $-24M | $-37M | · | $0 | $0 | |
| Free Cash Flow | · | $-373M | · | · | · | $35M | · | · | · | $3M | · | · | · | $-117M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 13.8% | 9.5% | · | 7.9% | 16.3% | 9.0% | · | -6.6% | 7.6% | 7.4% | · | 5.6% | 7.9% | 6.8% | · | 6.7% | |
| Net Margin | 2.5% | -2.0% | · | 4.2% | 9.0% | -0.41% | · | -12.7% | -0.41% | -1.3% | · | -2.9% | -1.2% | -1.6% | · | -1.4% | |
| Pretax Margin | 6.4% | 2.2% | · | -0.06% | 14.0% | 2.1% | · | -13.6% | 1.6% | 0.70% | · | -1.1% | 1.3% | 0.19% | · | 2.3% | |
| EBITDA Margin | 13.8% | 9.5% | · | 7.9% | 16.3% | 9.0% | · | -6.6% | 7.6% | 7.4% | · | 5.6% | 7.9% | 6.8% | · | 6.7% | |
| ROA | 0.54% | -0.43% | · | 0.96% | 2.0% | -0.09% | · | -2.7% | -0.09% | -0.28% | · | -0.62% | -0.26% | -0.34% | · | -0.27% | |
| ROE | -4.6% | 3.4% | · | -7.8% | -18.4% | 0.78% | · | 23.8% | 0.89% | 2.9% | · | 5.6% | 2.4% | 3.6% | · | 2.5% | |
| ROIC | 2.8% | -1.3% | · | -228.6% | 4.1% | 1.1% | · | -1.8% | 1.2% | -0.62% | · | 2.6% | 0.12% | -6.8% | · | 0.00% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.5 | 1.5 | · | 1.5 | 1.6 | 1.4 | · | 1.5 | 1.5 | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.4 | |
| Quick Ratio | 1.1 | 1.1 | · | 1.0 | 1.2 | 1.2 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | |
| Debt / Equity | -6.9 | -7.0 | · | -7.0 | -6.6 | -5.9 | · | -6.3 | -8.0 | -8.1 | · | -8.1 | -7.9 | -8.1 | · | -6.7 | |
| LT Debt / Equity | -6.9 | -7.0 | · | -7.0 | -6.6 | -5.9 | · | -6.3 | -8.0 | -8.1 | · | -8.1 | -7.9 | -8.1 | · | -6.7 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Receivables Turnover | 1.3 | 1.3 | · | 1.5 | 1.4 | 1.4 | · | 1.5 | 1.5 | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.5 |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $12.01B | $12.34B | · | $12.47B | $12.52B | $12.53B | · | $12.46B | $12.48B | $12.45B | · | $12.33B | $12.18B | $12.18B | · | $12.19B | |
| Net Income TTM | $424M | $341M | · | $8M | $-135M | $-458M | · | $-536M | $-183M | $-221M | · | $-222M | $-457M | $-420M | · | $-258M | |
| Market Cap | $471M | $414M | · | $450M | $476M | $379M | · | $843M | $467M | $486M | · | $397M | $602M | $670M | · | $290M | |
| Enterprise Value | $9.87B | $9.83B | · | $10.92B | $10.86B | $11.25B | · | $12.28B | $11.93B | $11.97B | · | $12.13B | $12.21B | $12.22B | · | $11.93B | |
| P/E | 1.1 | 1.2 | · | · | -3.2 | -0.8 | · | -1.5 | -2.4 | -2.1 | · | -1.7 | -1.2 | -1.5 | · | -1.1 | |
| P/S | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.1 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.0 | |
| P/B | -0.3 | -0.3 | · | -0.3 | -0.3 | -0.2 | · | -0.5 | -0.3 | -0.3 | · | -0.3 | -0.4 | -0.5 | · | -0.2 | |
| P / Cash Flow | · | -1.4 | · | · | · | 3.2 | · | · | · | 5.1 | · | · | · | 134.0 | · | · | |
| P / FCF | · | -1.1 | · | · | · | 10.8 | · | · | · | 162.1 | · | · | · | -5.7 | · | · | |
| EV / EBITDA | 25.4 | 35.0 | · | 44.9 | 21.2 | 39.6 | · | -59.9 | 50.1 | 51.8 | · | 70.1 | 49.6 | 58.2 | · | 58.5 | |
| EV / FCF | · | -26.4 | · | · | · | 321.5 | · | · | · | 3990.5 | · | · | · | -104.5 | · | · | |
| EV / Revenue | 0.8 | 0.8 | · | 0.9 | 0.9 | 0.9 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | |
| Earnings Yield | 93.7% | 85.7% | · | 0.00% | -31.2% | -128.5% | · | -66.9% | -41.7% | -48.6% | · | -58.6% | -80.2% | -66.3% | · | -93.0% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $12.48B | $12.63B | $12.49B | $12.21B | $12.37B |
| Operating Margin % | 11.9% | 4.3% | 7.7% | 6.7% | 11.3% |
| Net Income | $509M | $-516M | $-133M | $46M | $230M |
| Diluted EPS | $3.77 | $-3.90 | $-1.02 | $0.35 | $1.76 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | -7.4 | -6.0 | -8.2 | -8.5 | -8.8 |
| Current Ratio | 1.5 | 1.4 | 1.5 | 1.4 | 1.5 |
| Quick Ratio | 1.1 | 1.0 | 1.1 | 1.0 | 1.1 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $208M | $120M | $-257M | $-115M | $-600M |
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Institutional owners (13F) 201 filers · $341.1M 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 |
|---|---|---|---|---|
| 37 (+19 vs prior Q) | 24 (+4 vs prior Q) | 65 (+4 vs prior Q) | 49 (-12 vs prior Q) | +15.7M |
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 |
|---|---|---|---|---|
| CastleKnight Management LP | $44,704,517 | 13,384,586 | 13.10% | Shares |
| Apollo Management Holdings, L.P. | $39,610,817 | 11,859,526 | 11.61% | Shares |
| Eversept Partners, LP | $26,267,680 | 7,864,575 | 7.70% | Shares |
| VANGUARD GROUP INC | $25,789,362 | 8,265,821 | 7.56% | Shares |
| NOMURA HOLDINGS INC | $22,388,384 | 6,703,109 | 6.56% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $17,668,370 | 5,289,931 | 5.18% | Shares |
| WHITEBOX ADVISORS LLC | $12,467,362 | 3,732,743 | 3.65% | Shares |
| STATE STREET CORP | $10,226,622 | 3,061,863 | 3.00% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $10,082,117 | 3,018,598 | 2.96% | Shares |
| Saba Capital Management, L.P. | $9,626,444 | 2,882,169 | 2.82% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $9,084,165 | 2,719,143 | 2.66% | Shares |
| Owl Creek Asset Management, L.P. | $8,452,277 | 2,530,622 | 2.48% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $8,176,380 | 2,448,018 | 2.40% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $7,510,531 | 2,248,662 | 2.20% | Shares |
| TWO SIGMA INVESTMENTS, LP | $7,365,822 | 2,205,336 | 2.16% | Shares |
| Diameter Capital Partners LP | $6,138,793 | 1,837,962 | 1.80% | Shares |
| TWO SIGMA ADVISERS, LP | $5,816,476 | 1,864,255 | 1.70% | Shares |
| CARRONADE CAPITAL MANAGEMENT, LP | $5,230,000 | 1,565,847 | 1.53% | Shares |
| Allianz Asset Management GmbH | $5,167,919 | 1,547,281 | 1.51% | Shares |
| D. E. Shaw & Co., Inc. | $4,779,143 | 1,430,881 | 1.40% | Shares |
| Silver Rock Financial LP | $3,674,000 | 1,100,000 | 1.08% | Shares |
| CITADEL ADVISORS LLC | $3,177,085 | 951,223 | 0.93% | Shares |
| Assenagon Asset Management S.A. | $2,788,275 | 834,813 | 0.82% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $2,642,231 | 791,087 | 0.77% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,566,736 | 768,484 | 0.75% | Shares |
| Jefferies Financial Group Inc. | $2,481,286 | 742,900 | 0.73% | Shares |
| Alta Fundamental Advisers LLC | $2,161,411 | 647,129 | 0.63% | Shares |
| GOLDMAN SACHS GROUP INC | $2,016,194 | 603,651 | 0.59% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,701,580 | 509,455 | 0.50% | Shares |
| ExodusPoint Capital Management, LP | $1,664,603 | 498,384 | 0.49% | Shares |
| READYSTATE ASSET MANAGEMENT LP | $1,657,729 | 496,326 | 0.49% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $1,339,674 | 401,100 | 0.39% | Call option |
| Helix Partners Management LP | $1,336,000 | 400,000 | 0.39% | Shares |
| Bank of New York Mellon Corp | $1,325,679 | 396,910 | 0.39% | Shares |
| Susquehanna Portfolio Strategies, LLC | $1,280,940 | 383,515 | 0.38% | Shares |
| Voleon Capital Management LP | $1,247,032 | 373,363 | 0.37% | Shares |
| TUDOR INVESTMENT CORP ET AL | $999,388 | 299,218 | 0.29% | Shares |
| Pathstone Holdings, LLC | $895,621 | 268,150 | 0.26% | Shares |
| Prescott Group Capital Management, L.L.C. | $863,076 | 258,406 | 0.25% | Shares |
| MILLENNIUM MANAGEMENT LLC | $835,000 | 250,000 | 0.24% | Put option |
| FEDERATED HERMES, INC. | $812,599 | 243,293 | 0.24% | Shares |
| LPL Financial LLC | $737,239 | 220,730 | 0.22% | Shares |
| IEQ CAPITAL, LLC | $657,963 | 196,995 | 0.19% | Shares |
| RHUMBLINE ADVISERS | $543,412 | 162,701 | 0.16% | Shares |
| Nuveen, LLC | $535,683 | 160,384 | 0.16% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $506,701 | 151,707 | 0.15% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $501,668 | 150,200 | 0.15% | Call option |
| Caption Management, LLC | $501,000 | 150,000 | 0.15% | Call option |
| Nuveen Asset Management, LLC | $479,548 | 160,384 | 0.14% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $442,056 | 132,352 | 0.13% | Shares |
| DEUTSCHE BANK AG\ | $423,131 | 126,686 | 0.12% | Shares |
| State of Wyoming | $386,675 | 115,771 | 0.11% | Shares |
| CAHABA WEALTH MANAGEMENT, INC. | $367,400 | 110,000 | 0.11% | Shares |
| STRS OHIO | $334,000 | 100,000 | 0.10% | Shares |
| EQUITABLE TRUST CO | $334,000 | 100,000 | 0.10% | Shares |
| Turtle Creek Wealth Advisors, LLC | $334,000 | 100,000 | 0.10% | Shares |
| Parkwoods Wealth Partners, LLC | $330,319 | 98,898 | 0.10% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $322,096 | 96,436 | 0.09% | Shares |
| CITIGROUP INC | $321,361 | 96,216 | 0.09% | Shares |
| ALLIANCEBERNSTEIN L.P. | $311,640 | 106,000 | 0.09% | Shares |
| Lombard Odier Asset Management (USA) Corp | $297,260 | 89,000 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $287,908 | 86,200 | 0.08% | Put option |
| NorthCrest Asset Manangement, LLC | $283,320 | 76,573 | 0.08% | Shares |
| MetLife Investment Management, LLC | $278,232 | 83,303 | 0.08% | Shares |
| CITADEL ADVISORS LLC | $242,818 | 72,700 | 0.07% | Put option |
| LAZARD ASSET MANAGEMENT LLC | $240,887 | 72,122 | 0.07% | Shares |
| Cetera Investment Advisers | $223,339 | 66,868 | 0.07% | Shares |
| Mariner, LLC | $222,538 | 66,627 | 0.07% | Shares |
| Cerity Partners LLC | $211,102 | 63,204 | 0.06% | Shares |
| Apollon Wealth Management, LLC | $203,453 | 60,914 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $199,755 | 59,807 | 0.06% | Shares |
| JANE STREET GROUP, LLC | $179,692 | 53,800 | 0.05% | Call option |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $176,339 | 128,756 | 0.05% | Shares |
| Invesco Ltd. | $171,559 | 51,365 | 0.05% | Shares |
| CITADEL ADVISORS LLC | $153,640 | 46,000 | 0.05% | Call option |
| MERCER GLOBAL ADVISORS INC /ADV | $150,911 | 45,183 | 0.04% | Shares |
| Schonfeld Strategic Advisors LLC | $147,660 | 44,210 | 0.04% | Shares |
| Vanguard Global Advisers, LLC | $144,134 | 43,154 | 0.04% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $136,659 | 40,916 | 0.04% | Shares |
| Red Door Wealth Management, LLC | $130,260 | 39,000 | 0.04% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $128,810 | 38,566 | 0.04% | Shares |
| BlackRock, Inc. | $126,606 | 37,906 | 0.04% | Shares |
| XTX Topco Ltd | $126,098 | 37,754 | 0.04% | Shares |
| GROUP ONE TRADING LLC | $123,633 | 37,016 | 0.04% | Shares |
| Bison Wealth, LLC | $121,992 | 33,150 | 0.04% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $116,957 | 35,017 | 0.03% | Shares |
| Nebula Research & Development LLC | $116,025 | 34,125 | 0.03% | Shares |
| RAYMOND JAMES FINANCIAL INC | $113,724 | 34,049 | 0.03% | Shares |
| Police & Firemen's Retirement System of New Jersey | $111,419 | 33,359 | 0.03% | Shares |
| Quantbot Technologies LP | $110,450 | 33,069 | 0.03% | Shares |
| WOLVERINE TRADING, LLC | $108,016 | 34,400 | 0.03% | Call option |
| INTECH INVESTMENT MANAGEMENT LLC | $107,535 | 32,196 | 0.03% | Shares |
| Advisory Services Network, LLC | $105,845 | 31,690 | 0.03% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $105,537 | 31,598 | 0.03% | Shares |
| Independent Advisor Alliance | $99,766 | 29,870 | 0.03% | Shares |
| Callan Family Office, LLC | $96,195 | 28,801 | 0.03% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $91,736 | 27,466 | 0.03% | Shares |
| Brevan Howard Capital Management LP | $91,125 | 27,283 | 0.03% | Shares |
| Atom Investors LP | $90,527 | 27,104 | 0.03% | Shares |
| Lakeview Capital Partners, LLC | $89,580 | 29,960 | 0.03% | Shares |
Company insiders 57 insiders · 29 officers · 23 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kevin J Hammons | CEO | March 1, 2026 A | 895,545 | 0 | 0 | $0 |
| Tim Hingtgen | CEO | March 1, 2025 A | 1,388,781 | 0 | 0 | $0 |
| Jason K Johnson | EVP & CFO | March 1, 2026 A | 268,439 | 0 | 0 | $0 |
| Thomas J Aaron | EVP and CFO | Dec. 7, 2019 F | 241,515 | 0 | 0 | $0 |
| Larry W Cash | President and CFO | March 1, 2017 A | 568,152 | 0 | 0 | $0 |
| Miguel S Benet | President and CMO | March 1, 2025 D | 47,635 | 0 | 0 | $0 |
| Austen D Mason | Regional President | March 1, 2025 A | 142,500 | 0 | 0 | $0 |
| Mark B Medley | Regional President | March 1, 2025 A | 128,637 | 0 | 0 | $0 |
| Chad A Campbell | Regional President | March 1, 2025 A | 136,815 | 0 | 0 | $0 |
| Charles J Cova | Regional President | March 1, 2024 A | 58,701 | 0 | 0 | $0 |
| Lynn T Simon | President and CMO | March 1, 2024 A | 482,657 | 0 | 0 | $0 |
| Beryl Ramsey | Division President | March 1, 2019 A | 62,969 | 0 | 0 | $0 |
| Patton Paul Smith | Division President | March 1, 2019 F | 119,017 | 0 | 0 | $0 |
| Iii John W Mcclellan | Division President | March 1, 2017 A | 41,242 | 0 | 0 | $0 |
| Robert O Horrar | Division President | March 1, 2017 A | 68,649 | 0 | 0 | $0 |
| Martin Bonick | Division President | March 1, 2017 A | 100,458 | 0 | 0 | $0 |
| Michael T Portacci | Division President | March 1, 2017 A | 110,156 | 0 | 0 | $0 |
| Thomas Daniel Miller | Division President | March 1, 2016 A | 112,107 | 0 | 0 | $0 |
| David Lewis Miller | President and COO | March 1, 2016 A | 440,840 | 0 | 0 | $0 |
| William S Hussey | Division President | Oct. 28, 2015 M | 121,568 | 0 | 0 | $0 |
| Martin Dewayne Smith | Division President | June 3, 2015 M | 94,111 | 0 | 0 | $0 |
| Gary D Newsome | Division President - Group Ops | Aug. 25, 2008 M | 118,286 | 0 | 0 | $0 |
| David V. Rice | EVP-Clinical Operations & CMO | June 1, 2026 A | 30,000 | 0 | 0 | $0 |
| Phillip A. Posey | SVP & CAO | March 1, 2026 A | 51,736 | 0 | 0 | $0 |
| Justin D Pitt | Pres,Chief Legal&Admin Officer | March 1, 2026 A | 287,750 | 0 | 0 | $0 |
| Kevin A Stockton | EVP, Operations & Development | March 1, 2026 A | 208,290 | 0 | 0 | $0 |
| Rachel A Seifert | Executive VP and Secretary | March 1, 2017 F | 243,065 | 0 | 0 | $0 |
| Mark T Buford | SVP/Chief Accounting Officer | Feb. 25, 2012 F | 78,379 | 0 | 0 | $0 |
| Martin G Schweinhart | Senior Vice President | March 1, 2006 A | 40,354 | 0 | 0 | $0 |
| Ranga K Krishnan | Director | June 30, 2026 M | 170,023 | 0 | 0 | $0 |
| Fawn D Lopez | Director | March 1, 2026 A | — | 0 | 0 | $0 |
| Ronald L Burgess JR | Director | March 1, 2026 A | — | 0 | 0 | $0 |
| Susan W Brooks | Director | March 1, 2026 A | 108,695 | 0 | 0 | $0 |
| Hubert James Williams | Director | March 1, 2026 A | 211,863 | 0 | 0 | $0 |
| Joseph Arthur Hastings | Director | March 1, 2026 A | 0 | 0 | 0 | $0 |
| Elizabeth T Hirsch | Director | March 1, 2026 A | 162,059 | 0 | 0 | $0 |
| James S. Ely III | Director | March 1, 2026 A | 412,876 | 0 | 0 | $0 |
| William Norris Jennings | Director | March 1, 2026 A | 78,468 | 0 | 0 | $0 |
| John A Fry | Director | March 1, 2026 A | 268,966 | 0 | 0 | $0 |
| John A Clerico | Director | March 1, 2026 A | 368,763 | 0 | 0 | $0 |
| Michael Dinkins | Director | March 1, 2026 A | 225,882 | 0 | 0 | $0 |
| Wayne T Smith | Director | March 1, 2026 A | 5,217,579 | 0 | 0 | $0 |
| Julia B North | Director | March 1, 2021 A | 162,056 | 0 | 0 | $0 |
| Mitchell H Watson JR | Director | May 16, 2017 M | 22,594 | 0 | 0 | $0 |
| Harvey Klein MD | Director | March 15, 2010 M | 10,383 | 0 | 0 | $0 |
| Dale F Frey | Director | March 31, 2008 A | 20,000 | 0 | 0 | $0 |
| Thomas H Lister | Director | Sept. 21, 2004 S | 0 | 0 | 0 | $0 |
| Thodore Forstmann | Director | Sept. 21, 2004 S | 0 | 0 | 0 | $0 |
| Sandra Horbach | Director | Sept. 21, 2004 S | 0 | 0 | 0 | $0 |
| Robert J Dole | Director | May 6, 2004 S | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
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 |
|---|---|---|---|---|---|
| Tianqiao Chen, Shanda Media Limited, Shanda Global Investment Limited, Shanda Global Capital Limited, Shanda Asset Management Holdings Limited ×10 filings | March 11, 2021 | — | 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 36 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 |
|---|---|---|---|---|
| BSJR · Invesco Exchange-Traded Self-Indexe… | 2.68% | 21,287,000 | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.48% | 19,323 NS | April 30, 2026 | N-PORT |
| VGHY · VANGUARD FIXED INCOME SECURITIES FU… | 0.35% | 1,058,000 PA | Aug. 8, 2026 | Daily |
| DFVE · DoubleLine ETF Trust | 0.20% | 18,550 NS | March 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.09% | 441,586 SH | Aug. 8, 2026 | Daily |
| IHF · iShares Trust | 0.06% | 232,511 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.04% | 132,595 NS | May 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.03% | 113,109 SH | Aug. 8, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.03% | 1,304,000 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 253,747 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.02% | 1,218,442 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 3,418,265 SH | Aug. 8, 2026 | Daily |
| FNDX · SCHWAB STRATEGIC TRUST | 0.01% | 1,126,552 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 56,434 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.01% | 53,684 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 746,733 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.01% | 349,881 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.01% | 466,961 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 6,034 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 546,576 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 4,719 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 4,772 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 5,006 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 120 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 202,789 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 33,838 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 203,866 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 41,727 SH | Aug. 8, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 6,184 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 31,135 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 70,316 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 1,347,195 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,813,888 SH | Aug. 8, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | 0.00% | 20,000 PA | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 9,817 SH | Aug. 8, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.00% | 24 NS | April 30, 2026 | N-PORT |