EXR Extra Space Storage Inc Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 5, 2026 10-K/10-Q Jul 31, 2026
$132.39
· of 52w range
· above low
· to high
$125.7152w low
$158.8852w high
Market Cap (MRQ)
$27.97B
P/E (TTM)
29.3
EPS (TTM)
$4.52
Revenue (TTM)
$3.45B
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52W Range
$126–$159
Analyst Rating
HOLD
Price Target
$158
P/E
29.3
ROE
7.1%
Net Profit Margin
27.8%
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EXR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$132.38
Market Cap (MRQ)
$27.97B
P/E (TTM)
29.3
EPS (TTM)
$4.52
Revenue (TTM)
$3.45B
Div Yield
4.9%
ROE (TTM)
7.1%
52W Range
$126–$159
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About Extra Space Storage Inc Common Stock Company overview from Wikipedia
Extra Space Storage Inc. is an American real estate investment trust headquartered in Salt Lake City, Utah that invests in self storage facilities. The company rents storage units, including climate controlled units, drive-up units, lockers, boat storage, RV storage and business storage under the brands Extra Space Storage, Life Storage, and Storage Express. As of April 29, 2025 the company owned and/or operated 3,714 locations in 43 states, and Washington, D.C. comprising approximately 2.6 million units 283.4 million square feet of net rentable space. It is the largest owner of self storage units in the United States and the largest self storage property manager.
Extra Space Storage has won NAREIT's Leader in the Light Award for superior and sustained sustainability efforts in 2020, 2021 and 2023. The company has solar installations at many of its properties and was listed on the "Top 25 Corporate Users by Number of Solar Installations" by the Solar Energy Industries Association.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorReal Estate
industryReal Estate
employees8,393
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$3.38B2016-12-31 → 2025-12-31
EPS$4.592016-12-31 → 2025-12-31
Free Cash Flow$1.29B2023-12-31 → 2025-12-31
Net margin27.8%2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | EXR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 29.35Y avg ≈31.8 | ≈31.8 | 29.8 | Overvalued | |
| P/S (TTM) | 8.15Y avg ≈12.1 | ≈12.1 | 7.9 | Overvalued | |
| P/B (MRQ) | 2.15Y avg ≈4.5 | ≈4.5 | 2.3 | Fair value | |
| Price / FCF (TTM) | 18.25Y avg ≈23.5 | ≈23.5 | · | · | |
| Price / Cash Flow (TTM) | 14.75Y avg ≈20.7 | ≈20.7 | 14.9 | Fair value | |
| Price / Tangible Book (MRQ) | 2.15Y avg ≈4.6 | ≈4.6 | · | · | |
| PEG Ratio | ≈6.7 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | EXR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 40.9%5Y avg ≈48.9% | ≈48.9% | 30.2% | Top tier | |
| EBITDA Margin (TTM) | 62.1%5Y avg ≈61.9% | ≈61.9% | 22.6% | Top tier | |
| Pretax Margin (TTM) | 26.9%5Y avg ≈37.5% | ≈37.5% | · | · | |
| Net Profit Margin (TTM) | 27.8%5Y avg ≈36.7% | ≈36.7% | 30.1% | In line | |
| ROA (TTM) | 3.2%5Y avg ≈5.3% | ≈5.3% | 3.4% | In line | |
| ROE (TTM) | 7.1%5Y avg ≈15.7% | ≈15.7% | 7.1% | In line | |
| ROIC | 10.1%5Y avg ≈17.8% | ≈17.8% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | EXR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 3.7%5Y avg ≈20.5% | ≈20.5% | · | · | |
| Revenue CAGR 3Y | 20.6%5Y avg ≈23.9% | ≈23.9% | · | · | |
| Revenue CAGR 5Y | 20.0% | · | · | · | |
| EPS YoY | 13.9%5Y avg ≈8.7% | ≈8.7% | · | · | |
| Net Income YoY | 14.0%5Y avg ≈17.9% | ≈17.9% | · | · | |
| EPS CAGR 3Y | -10.5%5Y avg ≈-5.1% | ≈-5.1% | · | · | |
| EPS CAGR 5Y | 4.3% | · | · | · | |
| Net Income CAGR 3Y | 4.2%5Y avg ≈8.0% | ≈8.0% | · | · | |
| Net Income CAGR 5Y | 15.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | EXR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.1 | ≈0.1 | 0.2 | Weak | |
| Revenue / Employee | ≈$402.4K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield4.9%
Payout Ratio141.1%
Annualized Payout≈$6.48
5Y Div CAGR≈12.5%
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 15, 2026 | $1.62 | USD | ≈4.7% |
| Jun 15, 2026 | $1.62 | USD | ≈4.4% |
| Mar 16, 2026 | $1.62 | USD | ≈4.6% |
| Dec 15, 2025 | $1.62 | USD | ≈4.9% |
| Sep 15, 2025 | $1.62 | USD | ≈4.5% |
| Jun 16, 2025 | $1.62 | USD | ≈4.3% |
| Mar 14, 2025 | $1.62 | USD | ≈4.5% |
| Dec 16, 2024 | $1.62 | USD | ≈4.2% |
| Sep 16, 2024 | $1.62 | USD | ≈3.6% |
| Jun 14, 2024 | $1.62 | USD | ≈4.1% |
| Mar 14, 2024 | $1.62 | USD | ≈4.6% |
| Dec 14, 2023 | $1.62 | USD | ≈4.2% |
| Sep 14, 2023 | $0.61 | USD | ≈5.0% |
| Jul 12, 2023 | $1.01 | USD | ≈4.8% |
| Jun 14, 2023 | $1.62 | USD | ≈4.4% |
| Mar 14, 2023 | $1.62 | USD | ≈3.9% |
| Dec 13, 2022 | $1.50 | USD | ≈3.8% |
| Sep 14, 2022 | $1.50 | USD | ≈3.0% |
| Jun 14, 2022 | $1.50 | USD | ≈3.5% |
| Mar 14, 2022 | $1.50 | USD | ≈2.6% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
2.1%
Next Report
Oct 27, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $1.25 | $1.17 | 7.1% |
| March 31, 2026 | $1.14 | $1.13 | 1.2% | |
| Dec. 31, 2025 | $1.36 | $1.18 | 15.1% | |
| Sept. 30, 2025 | $0.78 | $1.21 | -35.6% | |
| June 30, 2025 | $1.18 | $1.17 | 1.0% | |
| March 31, 2025 | $1.28 | $1.04 | 23.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.38B | $3.26B | $2.56B | $1.92B | $1.58B | $1.36B | $1.31B | $1.20B | $1.11B | $992M | |
| Cost of Revenue | $918M | $832M | $612M | $435M | $369M | $361M | $336M | $292M | $272M | $250M | |
| SG&A Expense | $186M | $167M | $146M | $129M | $102M | $97M | $89M | $81M | $79M | $82M | |
| Operating Expenses | $1.89B | $1.86B | $1.39B | $888M | $742M | $708M | $675M | $608M | $563M | $542M | |
| Operating Income | $1.41B | $1.32B | $1.17B | $1.05B | $976M | $666M | $635M | $620M | $654M | $458M | |
| Interest Expense | · | · | $419M | $219M | $166M | · | · | $178M | $154M | $133M | |
| Interest Income | $163M | $124M | $85M | $69M | $50M | $15M | $7M | $5M | $7M | $11M | |
| Pretax Income | $941M | $853M | $817M | $901M | $859M | $509M | $451M | $442M | $503M | $331M | |
| Income Tax | $42M | $33M | $22M | $21M | $20M | $14M | $11M | $9M | $4M | $16M | |
| Net Income | $974M | $855M | $803M | $861M | $828M | $482M | $420M | $415M | $479M | $366M | |
| EPS (Basic) | $4.59 | $4.03 | $4.74 | $6.41 | $6.20 | $3.71 | $3.27 | $3.29 | $3.79 | $2.92 | |
| EPS (Diluted) | $4.59 | $4.03 | $4.74 | $6.41 | $6.19 | $3.71 | $3.24 | $3.27 | $3.76 | $2.91 | |
| Shares (Basic) | 211,850,521 | 211,575,240 | 169,216,989 | 134,050,815 | 133,374,938 | 129,541,531 | 128,203,568 | 126,087,487 | 125,967,831 | 125,087,554 | |
| Shares (Diluted) | 211,850,521 | 211,577,680 | 169,220,882 | 141,681,388 | 140,016,028 | 129,584,829 | 136,433,769 | 133,159,033 | 134,155,771 | 125,948,076 | |
| EBITDA | $2.13B | $2.11B | $1.68B | $1.05B | $976M | $666M | $855M | $829M | $735M | $632M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $139M | $138M | $99M | $93M | $71M | $109M | $66M | $57M | $56M | $44M | |
| PP&E (Net) | $65M | $50M | $49M | $43M | $29M | · | · | · | · | · | |
| Goodwill | $171M | $171M | $171M | $171M | $0 | · | · | · | · | · | |
| Intangibles | $12M | $32M | $66M | $0 | · | · | · | · | · | · | |
| Total Assets | $29.26B | $28.85B | $27.46B | $12.17B | $10.47B | $9.40B | $8.53B | $7.85B | $7.46B | $7.09B | |
| Short-term Debt | · | $500M | · | · | · | · | · | · | · | · | |
| Total Liabilities | $14.94B | $13.99B | $12.04B | $8.09B | $6.69B | $6.46B | $5.61B | $5.06B | $4.74B | $4.50B | |
| Long-term Debt | · | · | · | · | · | · | · | · | $604M | · | |
| Total Debt | · | $500M | · | · | · | · | · | · | · | · | |
| Common Stock | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Retained Earnings | $-1.45B | $-899M | $-379M | $-136M | $-128M | $-355M | $-301M | $-263M | $-253M | $-339M | |
| AOCI | $-420.0K | $13M | $17M | $49M | $-43M | $-99M | $-29M | $35M | $33M | $17M | |
| Stockholders' Equity | $13.43B | $13.95B | $14.39B | $3.26B | $3.12B | $2.55B | $2.54B | $2.41B | $2.35B | $2.24B | |
| Liabilities + Equity | $29.26B | $28.85B | $27.46B | $12.17B | $10.47B | $9.40B | $8.53B | $7.85B | $7.46B | $7.09B | |
| Shares Outstanding | 211,155,322 | 211,995,510 | 211,278,803 | 133,921,020 | 133,922,305 | 131,357,961 | 129,534,407 | 127,103,750 | 126,007,091 | 125,881,460 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $715M | $783M | $506M | $288M | $242M | · | $220M | $209M | $193M | $183M | |
| Stock-based Comp | $36M | $29M | $26M | $21M | $17M | $16M | $13M | $11M | $10M | $8M | |
| Deferred Tax | $4M | $-1M | $-3M | $2M | $904.0K | $655.0K | $2M | $4M | $2M | $-836.0K | |
| Amort. of Intangibles | $21M | $115M | $60M | $14M | $5M | $2M | $7M | $9M | $14M | $21M | |
| Other Non-cash | $122M | $228M | $70M | · | · | · | $53M | $39M | $-87M | $-17M | |
| Operating Cash Flow | $1.85B | $1.89B | $1.40B | $1.24B | $952M | $771M | $708M | $678M | $597M | $539M | |
| CapEx | $562M | $479M | $136M | $1.19B | · | · | · | · | · | · | |
| Investing Cash Flow | $-814M | $-1.65B | $-1.82B | $-1.65B | $-838M | $-955M | $-622M | $-444M | $-353M | $-1.05B | |
| Stock Issued | · | · | $0 | $0 | $273M | $103M | $199M | $90M | $0 | $123M | |
| Stock Repurchased | $150M | $0 | $0 | $63M | $0 | $68M | $0 | $0 | · | · | |
| Net Stock Activity | $-150M | $0 | $0 | $-63M | $273M | $36M | $199M | $90M | $0 | $123M | |
| Dividends Paid | $1.37B | $1.38B | $1.05B | $805M | $601M | $468M | $458M | $425M | $393M | $368M | |
| Financing Cash Flow | $-1.04B | $-202M | $423M | $432M | $-167M | $241M | $-88M | $-247M | $-216M | $461M | |
| Net Change in Cash | $-123.0K | $38M | $7M | $22M | $-52M | $57M | $-2M | $-13M | $28M | $-32M | |
| Taxes Paid | $35M | $34M | $23M | $19M | $26M | $5M | $10M | $730.0K | $6M | · | |
| Free Cash Flow | $1.29B | $1.41B | $1.27B | · | · | · | · | · | · | · | |
| Levered FCF | · | · | $859M | · | · | · | · | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 41.8% | 40.6% | 45.7% | 54.6% | 61.9% | 49.1% | 48.5% | 51.8% | · | · | |
| Net Margin | 28.8% | 26.2% | 31.4% | 44.7% | 52.5% | 35.5% | 32.1% | 34.7% | · | · | |
| Pretax Margin | 27.9% | 26.2% | 31.9% | 46.8% | 54.5% | 37.5% | 34.5% | 36.9% | · | · | |
| EBITDA Margin | 63.0% | 64.7% | 65.5% | 54.6% | 61.9% | 49.1% | 65.3% | 69.3% | · | · | |
| ROA | 3.4% | 3.0% | 4.0% | 7.6% | 8.3% | 5.4% | 5.1% | 5.4% | 6.6% | 5.6% | |
| ROE | 7.1% | 6.0% | 9.1% | 27.0% | 29.2% | 18.9% | 17.0% | 17.4% | 20.8% | 16.9% | |
| ROIC | 10.1% | 8.8% | 7.9% | 31.5% | 30.6% | 25.4% | 24.4% | 25.1% | 22.9% | 19.1% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | 0.0 | · | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | 2.8 | · | · | · | · | 3.5 | 3.5 | 3.4 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $63.62 | $65.79 | $68.11 | $24.34 | $23.27 | $19.40 | $19.61 | $18.99 | $18.66 | $17.83 | |
| Revenue / Share | $15.94 | $15.39 | $15.13 | $13.58 | $11.27 | $10.47 | $9.59 | $8.99 | · | · | |
| Cash Flow / Share | $8.73 | $8.92 | $8.29 | $8.74 | $6.80 | $5.95 | $5.19 | $5.09 | $4.45 | $4.28 | |
| Cash / Share | $0.66 | $0.65 | $0.47 | $0.69 | $0.53 | $0.83 | $0.51 | $0.45 | $0.44 | $0.35 | |
| Dividend Paid / Share | $6.48 | $6.48 | $6.48 | $6.00 | $4.50 | $3.60 | $3.56 | $3.36 | $3.12 | $2.93 | |
| EPS (TTM) | $4.59 | $4.03 | $4.74 | $6.41 | $6.19 | $3.71 | $3.24 | $3.27 | $3.76 | $2.91 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.7% | 27.2% | 33.1% | 22.0% | 16.3% | · | · | · | · | · | |
| Revenue CAGR 3Y | 20.6% | 27.3% | 23.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 20.0% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 13.9% | -15.0% | -26.1% | 3.5% | 66.8% | · | · | · | · | · | |
| EPS CAGR 3Y | -10.5% | -13.3% | 8.5% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 4.3% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 14.0% | 6.4% | -6.7% | 4.0% | 71.8% | · | · | · | · | · | |
| Net Income CAGR 3Y | 4.2% | 1.1% | 18.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 15.1% | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 24.1% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.38B | $3.26B | $2.56B | $1.92B | $1.58B | $1.36B | $1.31B | $1.20B | $1.11B | $992M | |
| Net Income TTM | $974M | $855M | $803M | $861M | $828M | $482M | $420M | $415M | $479M | $366M | |
| Market Cap | $27.50B | $31.71B | $33.87B | $19.71B | $30.36B | $15.22B | $13.68B | $11.50B | $11.02B | $9.72B | |
| Enterprise Value | · | $32.08B | · | · | · | · | · | · | · | · | |
| P/E | 28.4 | 37.1 | 33.8 | 23.0 | 36.6 | 31.2 | 32.6 | 27.7 | 23.3 | 26.5 | |
| P/S | 8.1 | 9.7 | 13.2 | 10.2 | 19.2 | 11.2 | 10.5 | 9.6 | 10.0 | 9.8 | |
| P/B | 2.0 | 2.3 | 2.4 | 6.0 | 9.7 | 6.0 | 5.4 | 4.8 | 4.7 | 4.3 | |
| P / Tangible Book | 2.1 | 2.3 | 2.4 | 6.4 | 9.7 | 6.0 | · | · | · | · | |
| P / Cash Flow | 14.9 | 16.8 | 24.2 | 15.9 | 31.9 | 19.7 | 19.3 | 17.0 | 18.4 | 18.0 | |
| P / FCF | 21.3 | 22.5 | 26.7 | · | · | · | · | · | · | · | |
| EV / EBITDA | · | 15.2 | · | · | · | · | · | · | · | · | |
| EV / FCF | · | 22.8 | · | · | · | · | · | · | · | · | |
| EV / Revenue | · | 9.8 | · | · | · | · | · | · | · | · | |
| Dividend Yield | 5.0% | 4.3% | 3.1% | 4.1% | 2.0% | 3.1% | 3.4% | 3.7% | 3.6% | 3.8% | |
| Earnings Yield | 3.5% | 2.7% | 3.0% | 4.4% | 2.7% | 3.2% | 3.1% | 3.6% | 4.3% | 3.8% | |
| Payout Ratio | 141.1% | 160.9% | 130.3% | 93.6% | 72.6% | 97.1% | 109.1% | 102.3% | 82.0% | 100.5% | |
| Annual Payout | $1.37B | $1.38B | $1.05B | $805M | $601M | $468M | $458M | $425M | $393M | $368M |
Income Statement
| 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 | $874M | $856M | $857M | $858M | $842M | $820M | $822M | $825M | $811M | $800M | $798M | $748M | $511M | $503M | $507M | $499M | |
| Cost of Revenue | $232M | $238M | $231M | $235M | $228M | $224M | $221M | $209M | $197M | $205M | $195M | $185M | $115M | $117M | $113M | $115M | |
| SG&A Expense | $47M | $47M | $52M | $43M | $45M | $46M | $44M | $40M | $40M | $44M | $39M | $37M | $35M | $35M | $36M | $32M | |
| Operating Expenses | $482M | $488M | $481M | $474M | $467M | $467M | $480M | $461M | $451M | $464M | $464M | $448M | $238M | $240M | $237M | $229M | |
| Operating Income | $392M | $368M | $371M | $279M | $374M | $389M | $380M | $303M | $305M | $336M | $333M | $300M | $273M | $264M | $270M | $270M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $133M | · | $123M | $86M | $80M | · | $56M | |
| Interest Income | $39M | $40M | $39M | $44M | $42M | $39M | $35M | $35M | $31M | $24M | $22M | $22M | $21M | $19M | $17M | $18M | |
| Pretax Income | $272M | $247M | $248M | $161M | $258M | $274M | $265M | $184M | $188M | $216M | $215M | $191M | $208M | $203M | $214M | $232M | |
| Income Tax | $12M | $11M | $9M | $12M | $12M | $9M | $6M | $11M | $10M | $7M | $4M | $7M | $6M | $4M | $5M | $7M | |
| Net Income | $263M | $241M | $287M | $166M | $250M | $271M | $262M | $193M | $186M | $213M | $216M | $188M | $202M | $196M | $204M | $221M | |
| EPS (Basic) | $1.25 | $1.14 | $1.35 | $0.78 | $1.18 | $1.28 | $1.23 | $0.91 | $0.88 | $1.01 | $0.82 | $0.96 | $1.50 | $1.46 | $1.51 | $1.65 | |
| EPS (Diluted) | $1.25 | $1.14 | $1.35 | $0.78 | $1.18 | $1.28 | $1.23 | $0.91 | $0.88 | $1.01 | $0.82 | $0.96 | $1.50 | $1.46 | $1.52 | $1.65 | |
| Shares (Basic) | 210,962,128 | 210,896,947 | · | 211,963,870 | 211,940,903 | 211,850,618 | · | 211,698,436 | 211,584,155 | 211,283,335 | · | 195,324,444 | 134,832,232 | 134,511,273 | · | 133,913,652 | |
| Shares (Diluted) | 220,362,955 | 220,322,872 | · | 221,304,958 | 211,940,903 | 212,052,742 | · | 220,298,870 | 211,587,105 | 220,018,777 | · | 195,328,020 | 143,529,817 | 142,940,384 | · | 141,504,215 | |
| EBITDA | $578M | $553M | · | $457M | $551M | $569M | · | $498M | $500M | · | · | $452M | $352M | $342M | · | $341M |
Balance Sheet
| 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 | $695M | $139M | $139M | $112M | $125M | $120M | $138M | $89M | $77M | $51M | $99M | $216M | $51M | $48M | $93M | $87M | |
| PP&E (Net) | $61M | $62M | $65M | $52M | $50M | $50M | $50M | $50M | $48M | $49M | · | $46M | $43M | $44M | · | $43M | |
| Goodwill | $171M | $171M | $171M | $171M | $171M | $171M | $171M | $171M | $171M | $171M | · | $171M | $171M | $171M | · | $171M | |
| Intangibles | $2M | $7M | $12M | $17M | $22M | $26M | $32M | $39M | $47M | $57M | · | $76M | · | · | · | · | |
| Total Assets | $29.66B | $29.10B | $29.26B | $29.23B | $29.37B | $28.99B | $28.85B | $28.06B | $27.76B | $27.48B | · | $27.63B | $12.37B | $12.13B | · | $11.84B | |
| Total Liabilities | $15.48B | $14.89B | $14.94B | $14.74B | $14.69B | $14.22B | $13.99B | $13.10B | $12.63B | $12.19B | · | $12.06B | $8.33B | $8.10B | · | $7.77B | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $1M | $1M | · | $1M | |
| Retained Earnings | $-1.63B | $-1.55B | $-1.45B | $-1.25B | $-1.08B | $-973M | $-899M | $-818M | $-668M | $-510M | · | $-253M | $-176M | $-160M | · | $-139M | |
| AOCI | $-181.0K | $314.0K | $-420.0K | $1M | $3M | $6M | $13M | $3M | $27M | $28M | · | $45M | $47M | $35M | · | $49M | |
| Stockholders' Equity | $13.26B | $13.33B | $13.43B | $13.62B | $13.79B | $13.89B | $13.95B | $14.01B | $14.17B | $14.30B | · | $14.54B | $3.26B | $3.25B | · | $3.25B | |
| Liabilities + Equity | $29.66B | $29.10B | $29.26B | $29.23B | $29.37B | $28.99B | $28.85B | $28.06B | $27.76B | $27.48B | · | $27.63B | $12.37B | $12.13B | · | $11.84B | |
| Shares Outstanding | 211,273,076 | 211,197,111 | 211,155,322 | 212,247,389 | 212,252,547 | 212,225,353 | 211,995,510 | 211,981,742 | 211,927,348 | 211,658,812 | · | 211,276,086 | 135,058,897 | 135,007,280 | · | 133,918,037 |
Cash Flow
| 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 | $186M | $186M | $180M | $177M | $177M | $180M | $196M | $195M | $195M | $197M | $196M | $152M | $79M | $78M | $80M | $71M | |
| Stock-based Comp | $9M | $8M | $13M | $7M | $9M | $7M | $15M | $8M | $280.0K | $6M | $7M | $7M | $7M | $5M | $6M | $6M | |
| Other Non-cash | · | $55M | · | · | · | $23M | · | · | · | · | · | · | · | $1M | · | · | |
| Operating Cash Flow | $586M | $490M | $368M | $457M | $544M | $481M | $408M | $468M | $545M | $466M | $365M | $408M | $348M | $282M | $290M | $308M | |
| CapEx | $87M | $12M | $251M | $13M | $162M | $117M | $258M | $158M | $28M | $35M | · | $19M | $33M | $13M | · | $639M | |
| Investing Cash Flow | $-128M | $-48M | $-117M | $-83M | $-272M | $-342M | $-769M | $-113M | $-483M | $-282M | $-182M | $-1.28B | $-271M | $-86M | $-406M | $-672M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Stock Repurchased | $0 | $1M | $141M | $0 | $9M | $0 | $0 | $0 | · | · | $0 | $0 | · | · | $0 | $0 | |
| Net Stock Activity | · | $-1M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $342M | $343M | $342M | $344M | $344M | $344M | $344M | $343M | $343M | $344M | $342M | $265M | $219M | $220M | $201M | $201M | |
| Financing Cash Flow | $98M | $-442M | $-224M | $-386M | $-266M | $-160M | $410M | $-343M | $-36M | $-233M | $-300M | $1.04B | $-74M | $-243M | $119M | $389M | |
| Net Change in Cash | $557M | $225.0K | $27M | $-12M | $6M | $-20M | $49M | $13M | $26M | $-50M | $-118M | $170M | $2M | $-47M | $3M | $24M | |
| Taxes Paid | · | · | $2M | $9M | $23M | $1M | $3M | $9M | $20M | $2M | $3M | $18M | $10M | $2M | $4M | $5M | |
| Free Cash Flow | · | $477M | · | · | · | $345M | · | · | · | · | · | · | · | $269M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | · | · | $190M | · | · |
Profitability
| 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 | 44.9% | 42.9% | · | 32.5% | 44.4% | 47.4% | · | 36.7% | 37.6% | · | · | 40.1% | 53.4% | 52.4% | · | 54.1% | |
| Net Margin | 30.1% | 28.1% | · | 19.3% | 29.7% | 33.0% | · | 23.4% | 22.9% | · | · | 25.2% | 39.6% | 39.0% | · | 44.2% | |
| Pretax Margin | 31.1% | 28.9% | · | 18.8% | 30.7% | 33.4% | · | 22.3% | 23.2% | · | · | 25.5% | 40.7% | 40.3% | · | 46.5% | |
| EBITDA Margin | 66.1% | 64.6% | · | 53.2% | 65.5% | 69.4% | · | 60.4% | 61.6% | · | · | 60.4% | 68.9% | 68.0% | · | 68.4% | |
| ROA | 0.89% | 0.83% | · | 0.58% | 0.87% | 0.96% | · | 0.69% | 0.93% | · | · | 0.95% | 1.7% | 1.7% | · | 2.1% | |
| ROE | 1.9% | 1.8% | · | 1.2% | 1.8% | 1.9% | · | 1.4% | 2.1% | · | · | 2.1% | 6.3% | 6.1% | · | 7.1% | |
| ROIC | 2.8% | 2.6% | · | 1.9% | 2.6% | 2.7% | · | 2.0% | 2.0% | · | · | 2.0% | 8.2% | 7.9% | · | 8.1% |
Liquidity & Solvency
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | 2.4 | 3.2 | 3.3 | · | 4.8 |
Efficiency
| 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 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $62.75 | $63.13 | · | $64.16 | $64.97 | $65.43 | · | $66.09 | $66.88 | · | · | $68.81 | $24.11 | $24.10 | · | $24.27 | |
| Revenue / Share | $3.97 | $3.89 | · | $3.88 | $3.97 | $3.87 | · | $3.74 | $3.83 | · | · | $3.83 | $3.56 | $3.52 | · | $3.53 | |
| Cash Flow / Share | · | $2.22 | · | · | · | $2.27 | · | · | · | · | · | · | · | $1.97 | · | · | |
| Cash / Share | $3.29 | $0.66 | · | $0.53 | $0.59 | $0.56 | · | $0.42 | $0.36 | · | · | $1.02 | $0.38 | $0.36 | · | $0.65 | |
| Dividend / Share | · | · | · | · | · | · | · | · | · | · | · | $1.62 | $1.62 | $1.62 | · | $1.50 | |
| Dividend Paid / Share | $1.62 | $1.62 | $1.62 | $1.62 | $1.62 | $1.62 | $1.62 | $1.62 | $1.62 | $1.62 | $1.62 | $1.62 | $1.62 | $1.62 | $1.50 | $1.50 | |
| EPS (TTM) | $4.52 | $4.45 | · | $4.47 | $4.60 | $4.30 | · | $3.62 | $3.67 | $4.93 | · | $5.44 | $6.13 | $6.36 | · | $6.90 |
Valuation (TTM)
| 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 | $3.45B | $3.41B | · | $3.34B | $3.31B | $3.28B | · | $3.23B | $3.16B | $2.56B | · | $2.27B | $2.02B | $1.98B | · | $1.84B | |
| Net Income TTM | $958M | $944M | · | $949M | $976M | $912M | · | $808M | $803M | $800M | · | $791M | $824M | $853M | · | $925M | |
| Market Cap | $30.70B | $27.69B | · | $29.91B | $31.29B | $31.51B | · | $38.20B | $32.94B | · | · | $25.69B | $20.10B | $22.00B | · | $23.13B | |
| P/E | 32.1 | 29.5 | · | 31.5 | 32.1 | 34.5 | · | 49.8 | 42.3 | 29.8 | · | 22.3 | 24.3 | 25.6 | · | 25.0 | |
| P/S | 8.9 | 8.1 | · | 9.0 | 9.5 | 9.6 | · | 11.8 | 10.4 | · | · | 11.3 | 10.0 | 11.1 | · | 12.5 | |
| P/B | 2.3 | 2.1 | · | 2.2 | 2.3 | 2.3 | · | 2.7 | 2.3 | · | · | 1.8 | 6.2 | 6.8 | · | 7.1 | |
| P / Tangible Book | 2.3 | 2.1 | · | 2.2 | 2.3 | 2.3 | · | 2.8 | 2.4 | 2.2 | · | 1.8 | 6.5 | 7.1 | · | 7.5 | |
| P / Cash Flow | · | 56.5 | · | · | · | 65.5 | · | · | · | · | · | · | · | 78.1 | · | · | |
| Dividend Yield | 4.5% | 5.0% | · | 4.6% | 4.4% | 4.4% | · | 3.6% | 3.9% | · | · | 3.5% | 4.2% | 3.7% | · | 3.3% | |
| Earnings Yield | 3.1% | 3.4% | · | 3.2% | 3.1% | 2.9% | · | 2.0% | 2.4% | 3.4% | · | 4.5% | 4.1% | 3.9% | · | 4.0% | |
| Payout Ratio | · | 142.2% | · | · | · | 127.1% | · | · | · | · | · | · | · | 112.1% | · | · | |
| Annual Payout | $1.37B | $1.37B | · | $1.38B | $1.38B | $1.37B | · | $1.37B | $1.30B | · | · | $905M | $841M | $823M | · | $772M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $3.38B | $3.26B | $2.56B | $1.92B | $1.58B |
| Operating Margin % | 41.8% | 40.6% | 45.7% | 54.6% | 61.9% |
| Net Income | $974M | $855M | $803M | $861M | $828M |
| Diluted EPS | $4.59 | $4.03 | $4.74 | $6.41 | $6.19 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | · | 0.0 | · | · | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $1.29B | $1.41B | $1.27B | · | · |
Institutional owners (13F) 848 filers · $31.9B total · As of Sept. 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.
Holders
848
Value held
$31.9B
New positions
109
Exited positions
64
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 109 (-9 vs prior Q) | 64 (-2 vs prior Q) | 280 (+15 vs prior Q) | 269 (+21 vs prior Q) | +6.6M |
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.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $4,493,429,920 | 34,506,450 | 14.09% | Shares |
| BlackRock, Inc. | $3,334,262,968 | 22,947,440 | 10.46% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,704,971,492 | 18,616,459 | 8.48% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,006,220,887 | 13,807,439 | 6.29% | Shares |
| STATE STREET CORP | $1,970,044,965 | 13,558,465 | 6.18% | Shares |
| NORGES BANK | $1,351,388,513 | 9,300,678 | 4.24% | Shares |
| Capital Research Global Investors | $915,406,128 | 6,300,111 | 2.87% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $888,755,689 | 6,139,183 | 2.79% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $880,115,175 | 6,057,187 | 2.76% | Shares |
| FMR LLC | $739,357,272 | 5,088,487 | 2.32% | Shares |
| Capital World Investors | $602,881,643 | 4,149,130 | 1.89% | Shares |
| First Eagle Investment Management, LLC | $563,327,680 | 3,876,997 | 1.77% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $470,446,003 | 3,237,600 | 1.48% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $430,810,867 | 2,964,975 | 1.35% | Shares |
| APG Asset Management US Inc. | $404,774,866 | 2,748,149 | 1.27% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $369,174,753 | 2,540,776 | 1.16% | Shares |
| Invesco Ltd. | $361,042,160 | 2,484,805 | 1.13% | Shares |
| NORTHERN TRUST CORP | $359,880,202 | 2,476,808 | 1.13% | Shares |
| Daiwa Securities Group Inc. | $300,899,446 | 2,070,884 | 0.94% | Shares |
| Legal & General Group Plc | $299,746,207 | 2,062,947 | 0.94% | Shares |
| MORGAN STANLEY | $276,215,017 | 1,900,995 | 0.87% | Shares |
| Resolution Capital Ltd | $273,448,207 | 1,881,956 | 0.86% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $268,275,256 | 1,811,243 | 0.84% | Shares |
| ALLIANCEBERNSTEIN L.P. | $265,426,527 | 2,024,148 | 0.83% | Shares |
| GOLDMAN SACHS GROUP INC | $257,664,144 | 1,773,325 | 0.81% | Shares |
| JPMORGAN CHASE & CO | $236,734,739 | 1,596,753 | 0.74% | Shares |
| PRUDENTIAL FINANCIAL INC | $235,979,550 | 1,624,085 | 0.74% | Shares |
| CITADEL ADVISORS LLC | $230,141,106 | 1,583,903 | 0.72% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $213,196,511 | 1,467,285 | 0.67% | Shares |
| MILLENNIUM MANAGEMENT LLC | $205,614,030 | 1,415,100 | 0.64% | Shares |
| Bank of New York Mellon Corp | $179,700,445 | 1,236,755 | 0.56% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $172,399,758 | 1,186,509 | 0.54% | Shares |
| DEUTSCHE BANK AG\ | $153,979,642 | 1,059,736 | 0.48% | Shares |
| Nuveen, LLC | $146,493,683 | 1,008,216 | 0.46% | Shares |
| Boston Partners | $144,832,354 | 996,774 | 0.45% | Shares |
| HSBC HOLDINGS PLC | $131,181,464 | 902,368 | 0.41% | Shares |
| SEI INVESTMENTS CO | $130,977,002 | 901,425 | 0.41% | Shares |
| Russell Investments Group, Ltd. | $122,073,609 | 839,763 | 0.38% | Shares |
| Alyeska Investment Group, L.P. | $118,548,817 | 815,890 | 0.37% | Shares |
| UBS Group AG | $109,856,535 | 756,067 | 0.34% | Shares |
| BANK OF AMERICA CORP /DE/ | $102,951,920 | 708,547 | 0.32% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $102,138,199 | 702,947 | 0.32% | Shares |
| Amundi | $92,613,494 | 637,395 | 0.29% | Shares |
| Point72 Asset Management, L.P. | $91,644,633 | 630,727 | 0.29% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $88,727,379 | 610,649 | 0.28% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $88,413,888 | 608,492 | 0.28% | Shares |
| Swiss National Bank | $86,559,133 | 595,727 | 0.27% | Shares |
| Balyasny Asset Management L.P. | $86,540,535 | 595,599 | 0.27% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $77,772,842 | 535,257 | 0.24% | Shares |
| MARSHALL WACE, LLP | $75,989,575 | 522,984 | 0.24% | Shares |
Company insiders 34 insiders · 10 officers · 21 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jeffrey Jay Norman | Executive VP and CFO | July 1, 2026 F | 15,818 | 0 | 0 | $0 |
| Scott P Stubbs | Executive VP and CFO | March 1, 2025 F | 172,525 | 0 | 0 | $0 |
| Kent Christensen | Executive VP & CFO | Oct. 31, 2011 G | 310,144 | 0 | 0 | $0 |
| William N Springer | President | July 1, 2026 F | 27,794 | 0 | 0 | $0 |
| Zachary T Dickens | EVP, Chief Investment Officer | July 1, 2026 F | 33,712 | 0 | 0 | $0 |
| Gwyn Goodson Mcneal | EVP/Chief Legal Officer | June 11, 2026 S | 37,374 | 0 | 1 | $-495,000 |
| Grace Kunde | CAO | April 1, 2026 F | 14,646 | 0 | 0 | $0 |
| James Overturf | EVP/Chief Marketing Officer | June 17, 2020 S | 55,447 | 0 | 0 | $0 |
| Charles Allen | Executive VP | July 31, 2015 G | 213,947 | 0 | 0 | $0 |
| Richard Tanner | Senior VP Development | Dec. 16, 2009 S | 646,247 | 0 | 0 | $0 |
| Crystal Call Maggelet | Director | May 14, 2026 A | 1,407 | 0 | 0 | $0 |
| Ploeg Julia Vander | Director | May 14, 2026 A | 7,597 | 0 | 0 | $0 |
| Sue Harnett | Director | May 14, 2026 A | 7,016 | 0 | 0 | $0 |
| Joseph J Bonner | Director | May 14, 2026 A | 7,339 | 0 | 0 | $0 |
| Mark G Barberio | Director | May 14, 2026 A | 15,487 | 0 | 0 | $0 |
| Joseph Saffire | Director | May 14, 2026 A | 46,527 | 0 | 0 | $0 |
| Kenneth M. Woolley | Director | May 14, 2026 A | 407,088 | 0 | 0 | $0 |
| Raymond J Pittman | Director | May 14, 2026 A | 1,407 | 0 | 0 | $0 |
| Gary L Crittenden | Director | May 14, 2026 A | 8,514 | 0 | 0 | $0 |
| Spencer Kirk | Director | Dec. 2, 2025 G | 567,591 | 0 | 0 | $0 |
| Diane Olmstead | Director | May 21, 2025 A | 7,252 | 0 | 0 | $0 |
| Jennifer Blouin | Director | May 24, 2023 A | 1,093 | 0 | 0 | $0 |
| Jefferson Scott Shreve | Director | May 24, 2023 A | 1,664 | 0 | 0 | $0 |
| Roger B Porter | Director | May 24, 2023 A | 131,886 | 0 | 0 | $0 |
| Dennis J Letham | Director | May 25, 2022 A | 10,054 | 0 | 0 | $0 |
| Ashley Dreier | Director | Nov. 11, 2020 D | 3,124 | 0 | 0 | $0 |
| Fred K Skousen | Director | May 21, 2018 S | 29,047 | 0 | 0 | $0 |
| Karl Haas | Director | Nov. 16, 2016 G | 58,881 | 0 | 0 | $0 |
| Gary B Sabin | Director | July 3, 2015 A | 1,135 | 0 | 0 | $0 |
| Hugh Horne | Director | May 21, 2013 A | 9,980 | 0 | 0 | $0 |
| Anthony Fanticola | Director | May 21, 2013 A | 31,314 | 0 | 0 | $0 |
| Joseph D Margolis | · | Aug. 4, 2026 G | 79,998 | 0 | 1 | $-1,065,600 |
| Matthew T Herrington | · | March 1, 2026 F | 23,720 | 0 | 0 | $0 |
| Samrat Sondhi | · | March 1, 2026 F | 109,244 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 114 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 |
|---|---|---|---|---|
| INDS · Pacer Funds Trust | 14.41% | 114,836 NS | July 31, 2026 | N-PORT |
| REZ · iShares Trust | 5.34% | 322,211 SH | Sept. 11, 2026 | Daily |
| HAUS · Tidal Trust I | 4.77% | 2,587 NS | July 31, 2026 | N-PORT |
| RNTY · Tidal Trust II | 3.89% | 2,296 NS | July 31, 2026 | N-PORT |
| RSPR · Invesco Exchange-Traded Fund Trust | 3.48% | 21,441 | Oct. 2, 2026 | Daily |
| SRHR · Elevation Series Trust | 3.34% | 12,270 NS | July 31, 2026 | N-PORT |
| ICF · iShares Trust | 3.08% | 445,115 SH | Sept. 11, 2026 | Daily |
| USRT · iShares Trust | 2.48% | 802,545 SH | Sept. 11, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 2.32% | 279,065 NS | July 31, 2026 | N-PORT |
| DRN · Direxion Shares ETF Trust | 2.23% | 6,780 NS | July 31, 2026 | N-PORT |
| IYR · iShares Trust | 2.18% | 651,661 SH | Sept. 11, 2026 | Daily |
| SPHD · Invesco Exchange-Traded Fund Trust … | 2.03% | 481,808 | Oct. 2, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 1.99% | 201,235 NS | July 31, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 1.63% | 8,038,628 SH | Aug. 19, 2026 | Daily |
| REET · iShares Trust | 1.61% | 571,709 SH | Sept. 11, 2026 | Daily |
| COMT · iShares U.S. ETF Trust | 1.57% | 21,820,000 SH | Sept. 11, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 1.53% | 398,747 NS | July 31, 2026 | N-PORT |
| ERET · iShares Trust | 1.53% | 1,506 SH | Sept. 11, 2026 | Daily |
| CZA · Invesco Exchange-Traded Fund Trust | 1.46% | 22,200 | Oct. 2, 2026 | Daily |
| VOT · VANGUARD INDEX FUNDS | 0.67% | 1,618,537 SH | Aug. 19, 2026 | Daily |
| RDIV · Invesco Exchange-Traded Fund Trust … | 0.64% | 67,408 | Oct. 2, 2026 | Daily |
| PWS · Pacer Funds Trust | 0.52% | 850 NS | July 31, 2026 | N-PORT |
| FPRO · FIDELITY COVINGTON TRUST | 0.52% | 575 NS | July 31, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.30% | 4,578,375 SH | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.28% | 312,538 SH | Sept. 11, 2026 | Daily |
| IMCV · iShares Trust | 0.25% | 21,552 SH | Sept. 11, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.22% | 5,961,000 | Oct. 2, 2026 | Daily |
| IWR · iShares Trust | 0.21% | 859,470 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 1,438,905 | Oct. 2, 2026 | Daily |
| IMCB · iShares Trust | 0.19% | 23,982 SH | Sept. 11, 2026 | Daily |
| EUSA · iShares, Inc. | 0.19% | 26,384 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.19% | 5,837 SH | Sept. 11, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.18% | 6,480,000 | Oct. 2, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.18% | 19,395 NS | July 31, 2026 | N-PORT |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.17% | 16,111 NS | July 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.16% | 265 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.15% | 8,991 | Oct. 2, 2026 | Daily |
| IMCG · iShares Trust | 0.14% | 39,833 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.13% | 176,000 | Oct. 2, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.11% | 2,006,843 SH | Aug. 19, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.11% | 48,622 SH | Aug. 19, 2026 | Daily |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 342 NS | July 31, 2026 | N-PORT |
| VEGN · ETF Series Solutions | 0.10% | 1,237 NS | July 31, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 56,774 NS | July 31, 2026 | N-PORT |
| DIVB · iShares Trust | 0.10% | 14,573 SH | Sept. 11, 2026 | Daily |
| IVE · iShares Trust | 0.10% | 350,549 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.09% | 185,053 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.09% | 126,529 SH | Aug. 19, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.09% | 972 NS | July 31, 2026 | N-PORT |
| GLBL · Pacer Funds Trust | 0.08% | 6 NS | July 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.08% | 466,863 SH | Sept. 11, 2026 | Daily |
| EGLE · Global X Funds | 0.07% | 11 NS | July 31, 2026 | N-PORT |
| ESG · FlexShares Trust | 0.07% | 660 NS | July 31, 2026 | N-PORT |
| PABU · iShares Trust | 0.06% | 10,811 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.05% | 5,201 SH | Sept. 11, 2026 | Daily |
| CATH · Global X Funds | 0.05% | 4,658 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.05% | 126 SH | Sept. 11, 2026 | Daily |
| XRMI · Global X Funds | 0.05% | 175 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.05% | 28 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.05% | 5,488,200 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.05% | 246,742 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.05% | 47,388 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.05% | 877 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.05% | 10,923 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.05% | 6,217 | Oct. 2, 2026 | Daily |
| XVV · iShares Trust | 0.05% | 2,432 SH | Sept. 11, 2026 | Daily |
| XTR · Global X Funds | 0.05% | 16 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.05% | 10,754 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.05% | 17,689 NS | July 31, 2026 | N-PORT |
| IQSU · New York Life Investments ETF Trust | 0.05% | 1,058 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 28,193 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.05% | 3,460 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.05% | 18 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.05% | 11 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.05% | 33,167 | Oct. 2, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.04% | 797 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.04% | 192 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.04% | 5,089 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.04% | 2,662,693 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.04% | 1,253 | Oct. 2, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.04% | 36,619 | Oct. 2, 2026 | Daily |
| ILCB · iShares Trust | 0.04% | 3,958 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.04% | 9,165 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.04% | 8,470 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.04% | 144,676 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.04% | 6,706,573 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.04% | 34,558 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.04% | 17,672 SH | Aug. 19, 2026 | Daily |
| ITOT · iShares Trust | 0.04% | 274,899 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.04% | 57,852 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.04% | 1,467 NS | July 31, 2026 | N-PORT |
| SPXL · Direxion Shares ETF Trust | 0.04% | 16,517 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.04% | 5,372 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.04% | 168 | Oct. 2, 2026 | Daily |
| TOK · iShares Trust | 0.03% | 573 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.03% | 18,701 SH | Sept. 11, 2026 | Daily |
| ILCG · iShares Trust | 0.03% | 7,072 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.03% | 181,667 SH | Aug. 19, 2026 | Daily |
| ACWI · iShares Trust | 0.03% | 68,756 SH | Sept. 11, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.02% | 12,652 | Oct. 2, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.01% | 115 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 2,991 | Oct. 2, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.00% | 145,000 | Oct. 2, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
EXR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 25 analysts
BUY
Median target
$157.50
+19.0%
2 8.0%
Strong Buy
10 40.0%
Buy
12 48.0%
Hold
1 4.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
20 analysts · 2026-09-29Mean target $158.50 +19.7%
← Below all targets
Current price $132.38
Low$140.00
Mean$158.50
High$178.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
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Source: SEC 10-Q filed Jul 31, 2026