Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise83.5%
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2024
$2.55
$1.39
83.5%
Dec. 31, 2023
$1.47
—
—
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement13
Metric
Trend
2025
2024
2023
Revenue
$1.83B
$757M
$1.95B
SG&A Expense
$168M
$130M
$129M
Operating Expenses
$1.29B
$854M
$840M
Operating Income
$535M
$-97M
$1.11B
Other Non-op
$3M
$2M
$385.0K
Pretax Income
$301M
$-248M
$990M
Income Tax
$-41M
$-145M
$239M
Net Income
$341M
$-104M
$749M
EPS (Basic)
$4.67
$-2.17
$15.87
EPS (Diluted)
$4.58
$-2.17
$15.76
Shares (Basic)
72,969,687
48,031,916
47,165,380
Shares (Diluted)
74,478,592
48,031,916
47,514,521
EBITDA
$948M
·
·
Balance Sheet27
Metric
Trend
2025
2024
2023
Cash & Equivalents
$30M
$6M
$4M
Receivables
$408M
$234M
·
Inventory
$28M
$10M
·
Prepaid Expense
$37M
$19M
·
Current Assets
$650M
$304M
·
PP&E (Net)
$446M
$426M
$442M
PP&E (Gross)
$702M
$641M
$621M
Accum. Depreciation
$256M
$215M
$179M
Intangibles
$3M
$3M
·
Other Non-current Assets
$99M
$88M
·
Total Assets
$6.17B
$3.96B
·
Accounts Payable
$82M
$35M
·
Accrued Liabilities
$194M
$95M
·
Current Liabilities
$1.08B
$777M
·
Capital Leases
$2M
$2M
·
Deferred Tax
$12M
$8M
·
Other Non-current Liabilities
$77M
$44M
·
Total Liabilities
$5.17B
$3.54B
·
Long-term Debt
$2.72B
$1.50B
·
Total Debt
$2.95B
·
·
Common Stock
$769.0K
$15M
·
Paid-in Capital
$1.49B
$1.15B
·
Retained Earnings
$-508M
$-759M
·
AOCI
$-583.0K
$-935.0K
·
Stockholders' Equity
$984M
$400M
·
Liabilities + Equity
$6.17B
$3.96B
·
Shares Outstanding
76,979,625
50,649,844
47,556,462
Cash Flow14
Metric
Trend
2025
2024
2023
D&A
$413M
$292M
$273M
Stock-based Comp
$10M
$8M
$6M
Deferred Tax
$-55M
$-128M
$226M
Other Non-cash
$-244M
·
·
Operating Cash Flow
$465M
$221M
$291M
CapEx
$185M
$52M
$74M
Investing Cash Flow
$-820M
$-267M
$-247M
Debt Issued
$3.17B
$1.84B
$1.54B
Net Debt Issued
$739M
·
·
Dividends Paid
$85M
$84M
$168M
Financing Cash Flow
$448M
$58M
$-67M
Net Change in Cash
$93M
$12M
$-23M
Taxes Paid
$3M
$11M
$8M
Free Cash Flow
$280M
·
·
Profitability7
Metric
Trend
2025
2024
2023
Operating Margin
29.2%
·
·
Net Margin
18.6%
·
·
Pretax Margin
16.5%
·
·
EBITDA Margin
51.8%
·
·
ROA
6.7%
·
·
ROE
49.3%
·
·
ROIC
15.4%
·
·
Liquidity & Solvency4
Metric
Trend
2025
2024
2023
Current Ratio
0.6
·
·
Quick Ratio
0.4
·
·
Debt / Equity
3.0
·
·
LT Debt / Equity
2.8
·
·
Efficiency2
Metric
Trend
2025
2024
2023
Asset Turnover
0.4
·
·
Receivables Turnover
5.7
·
·
Per Share5
Metric
Trend
2025
2024
2023
Book Value / Share
$12.78
·
·
Revenue / Share
$24.56
·
·
Cash Flow / Share
$6.24
·
·
Cash / Share
$0.39
·
·
EPS (TTM)
$4.58
·
·
Growth Rates1
Metric
Trend
2025
2024
2023
Revenue YoY
141.5%
-61.1%
·
Valuation (TTM)17
Metric
Trend
2025
2024
2023
Revenue TTM
$1.83B
·
·
Net Income TTM
$341M
·
·
Market Cap
$1.11B
·
·
Enterprise Value
$4.04B
·
·
P/E
3.2
·
·
P/S
0.6
·
·
P/B
1.1
·
·
P / Tangible Book
1.1
·
·
P / Cash Flow
2.4
·
·
P / FCF
4.0
·
·
EV / EBITDA
4.3
·
·
EV / FCF
14.4
·
·
EV / Revenue
2.2
·
·
Dividend Yield
7.6%
·
·
Earnings Yield
31.6%
·
·
Payout Ratio
24.9%
·
·
Annual Payout
$85M
·
·
Income Statement13
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Revenue
$812M
$27M
$667M
$587M
$63M
SG&A Expense
$44M
$42M
·
$57M
$34M
Operating Expenses
$340M
$278M
·
$295M
$251M
Operating Income
$472M
$-251M
$251M
$291M
$-188M
Other Non-op
$698.0K
$548.0K
·
$835.0K
$268.0K
Pretax Income
$387M
$-313M
·
$236M
$-258M
Income Tax
$140M
$-153M
·
$-62M
$65M
Net Income
$247M
$-161M
$195M
$298M
$-323M
EPS (Basic)
$3.42
$-2.13
$2.54
$3.77
$-5.52
EPS (Diluted)
$3.31
$-2.13
$2.48
$3.67
$-5.52
Shares (Basic)
72,296,949
75,255,211
·
78,936,076
58,595,436
Shares (Diluted)
74,705,094
75,255,211
·
81,138,852
58,595,436
EBITDA
$575M
$-142M
·
·
·
Balance Sheet27
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Cash & Equivalents
$8M
$55M
$30M
·
·
Receivables
$408M
$412M
$408M
·
·
Inventory
·
·
$28M
·
·
Prepaid Expense
$40M
$67M
$37M
·
·
Current Assets
$552M
$627M
$650M
·
·
PP&E (Net)
$458M
$460M
$446M
·
·
PP&E (Gross)
·
·
$702M
·
·
Accum. Depreciation
·
·
$256M
·
·
Intangibles
·
·
$3M
·
·
Other Non-current Assets
$99M
$171M
$184M
·
·
Total Assets
$6.11B
$6.24B
$6.17B
·
·
Accounts Payable
$130M
$76M
$82M
·
·
Accrued Liabilities
$166M
$159M
$194M
·
·
Current Liabilities
$970M
$1.34B
$1.08B
·
·
Capital Leases
$21M
·
$2M
·
·
Deferred Tax
·
·
$12M
·
·
Other Non-current Liabilities
$75M
$93M
$78M
·
·
Total Liabilities
$5.15B
$5.49B
$5.17B
·
·
Long-term Debt
$2.82B
$2.65B
$2.72B
·
·
Total Debt
$2.93B
$2.89B
·
·
·
Common Stock
$713.0K
$723.0K
$769.0K
·
·
Paid-in Capital
$1.42B
$1.43B
$1.49B
·
·
Retained Earnings
$-468M
$-693M
$-508M
·
·
AOCI
$-583.0K
$-583.0K
$-583.0K
·
·
Stockholders' Equity
$951M
$733M
$984M
·
·
Liabilities + Equity
$6.11B
$6.24B
$6.17B
·
·
Shares Outstanding
71,388,065
72,323,471
76,979,625
·
·
Cash Flow13
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
D&A
$103M
$109M
·
$93M
$75M
Stock-based Comp
$5M
$4M
·
$3M
$2M
Other Non-cash
·
$216M
·
·
·
Operating Cash Flow
$89M
$169M
·
$80M
$85M
CapEx
$40M
$58M
·
$61M
$28M
Investing Cash Flow
$-103M
$1M
·
$9M
$-405M
Debt Issued
$1.54B
$691M
·
$900M
$1.30B
Net Debt Issued
·
$-57M
·
·
·
Dividends Paid
$21M
$22M
·
$23M
$17M
Financing Cash Flow
$-38M
$-160M
·
$-101M
$407M
Net Change in Cash
$-52M
$10M
·
$-12M
$86M
Taxes Paid
$7M
$356.0K
·
$1M
$70.0K
Free Cash Flow
·
$111M
·
·
·
Profitability7
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Operating Margin
58.1%
-923.1%
·
·
·
Net Margin
30.4%
-591.7%
·
·
·
Pretax Margin
47.7%
-1154.7%
·
·
·
EBITDA Margin
70.9%
-523.1%
·
·
·
ROA
8.1%
-5.1%
·
·
·
ROE
51.9%
-43.8%
·
·
·
ROIC
7.8%
-3.5%
·
·
·
Liquidity & Solvency4
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Current Ratio
0.6
0.5
·
·
·
Quick Ratio
0.4
0.3
·
·
·
Debt / Equity
3.1
3.9
·
·
·
LT Debt / Equity
3.0
3.6
·
·
·
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Asset Turnover
0.3
0.0
·
·
·
Receivables Turnover
4.0
0.1
·
·
·
Per Share6
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Book Value / Share
$13.32
$10.14
·
·
·
Revenue / Share
$10.87
$0.36
·
·
·
Cash Flow / Share
·
$2.24
·
·
·
Cash / Share
$0.12
$0.75
·
·
·
Dividend / Share
·
·
$0.29
·
·
EPS (TTM)
$5.80
$6.16
·
·
·
Valuation (TTM)12
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Revenue TTM
$2.01B
$1.78B
·
·
·
Net Income TTM
$453M
$504M
·
·
·
Market Cap
$989M
$1.26B
·
·
·
Enterprise Value
$3.91B
$4.09B
·
·
·
P/E
2.4
2.8
·
·
·
P/S
0.5
0.7
·
·
·
P/B
1.0
1.7
·
·
·
P / Tangible Book
1.0
1.7
·
·
·
P / Cash Flow
·
7.5
·
·
·
EV / Revenue
2.0
2.3
·
·
·
Earnings Yield
41.9%
35.3%
·
·
·
Payout Ratio
·
-13.7%
·
·
·
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
Revenue
$1.83B
$757M
$1.95B
Operating Margin %
29.2%
·
·
Net Income
$341M
$-104M
$749M
Diluted EPS
$4.58
$-2.17
$15.76
Metric
2025-12-31
2024-12-31
2023-12-31
Debt / Equity
3.0
·
·
Current Ratio
0.6
·
·
Quick Ratio
0.4
·
·
Metric
2025-12-31
2024-12-31
2023-12-31
Free Cash Flow
$280M
·
·
Institutional owners (13F)
190 filers
· $865.6M 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.
Holders190
Value held$865.6M
New positions36
Exited positions32
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
36 (-10 vs prior Q)
32 (+12 vs prior Q)
72 (+7 vs prior Q)
47 (+1 vs prior Q)
+5.6M
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.
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
12 insiders
· 6 officers · 7 directors