FAST Fastenal Company - Common Stock
$51.87
Price · Aug 19, 2026
Fundamentals as of Jul 16, 2026
52W Range
$39–$53
92% of range
Analyst Rating
HOLD
26 analysts
Price Target
$49
P/E (TTM)
47.6
ROE
33.0%
Net Profit Margin
15.3%
About Fastenal Company - Common Stock Company overview from Wikipedia
Fastenal Company is an American publicly traded company based in Winona, Minnesota, founded in 1967. Fastenal is a major distributor of industrial and construction supplies, and the largest fastener distributor in North America. Fastenal provides supply chain solutions including bin stock, vending machines, inventory management, and logistics services. Fastenal placed 479 in the 2021 Fortune 500 based on its 2020 revenues, and its stock is a component of the Nasdaq 100 and S&P 500 stock market indices. Fastenal had 3,334 in-market locations as of March 2023.
Read more
Fastenal Company is an American publicly traded company based in Winona, Minnesota, founded in 1967. Fastenal is a major distributor of industrial and construction supplies, and the largest fastener distributor in North America. Fastenal provides supply chain solutions including bin stock, vending machines, inventory management, and logistics services. Fastenal placed 479 in the 2021 Fortune 500 based on its 2020 revenues, and its stock is a component of the Nasdaq 100 and S&P 500 stock market indices. Fastenal had 3,334 in-market locations as of March 2023.
History
Founded in 1967 by Bob Kierlin, the company was incorporated on December 24, 1968. Fastenal's offerings include both purchased and manufactured products.
In January 2016, Daniel L. Florness became the president and CEO of Fastenal. Florness started with Fastenal in 1996 as the company's chief financial officer. In 2025, Fastenal announced President and CSO Jeff Watts would succeed Florness in July 2026.
On July 16, 2026, Jeffery M. Watts succeeded Daniel L. Florness as Chief Executive Officer of Fastenal, marking the conclusion of an orderly leadership transition process initiated in August 2024. Under the new leadership, the company has emphasized a continued strategic commitment to integrating artificial intelligence and advanced inventory management technologies to drive supply chain efficiency. Concurrently, the company has expanded its environmental, social, and governance (ESG) reporting; in its 2026 Impact Report, Fastenal announced the attainment of limited assurance over its 2025 Scope 1 and 2 greenhouse gas emissions and the achievement of zero-waste certification at its Wallingford, Connecticut, manufacturing facility.
Fastenal has been a sponsor of NASCAR since 2006, and in 2020, they became the official MRO partner of the NHL.
In 2009, Fastenal acquired parts of Holo-Krome, a socket head screw-making company. Fastenal then was added to the S&P 500 index in late 2008.
Canada
Fastenal entered the Canadian market in 1994. The company has branch locations in every province and two Canadian distribution centers.
Mexico
In 1999, Fastenal entered the market in Mexico. Fastenal has branches in 14 of Mexico's states as well as a distribution center.
Asia
Fastenal's Asian trading company, Fastenal Asian Sourcing and Trading Co, is a Wholly Foreign-Owned Enterprise located in Shanghai, China, where it directs sourcing and import purchasing activities. Opened in 2001, Fastenal's Singapore location was its first site outside North America. By 2009, sales operations in Shanghai were complemented by those in its larger neighbor Malaysia. Locally incorporated Fastenal Malaysia Sdn Bhd is associated with Fastenal's Malaysian activities. The company runs an A2LA accredited testing laboratory in this nation as of 2014.
Products and services
Fastenal first sold mostly fasteners such as screws, threaded rods, and nuts, which are used in construction and manufacturing. Today's product range is more diverse, and the company had a total of 690,000 individual products as of 2010. In addition to a plethora of SKUs, the company offers a variety of services, including inventory management, small fastener manufacture, vending and machining.
Fastenal has retail stores in every U.S. state, every province of Canada, 14 Mexican states, Puerto Rico and Panama.
As of 2000, the company employs 400-plus people at six manufacturing locations, including one manufacturing bolts made using a newer method, cold heading, in Rockford, Illinois; an operation in Wallingford, Connecticut, and another in Malaysia, etc.
Internationally, Fastenal has sites in China, Dominican Republic, Hungary, Malaysia, the Netherlands, Germany, Singapore and the United Kingdom. In 2006, the company had two sourcing offices in Asia, China and Taiwan. Both have an accredited testing laboratory, which, as of 2007, was A2LA certified.
== Gallery ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
FAST Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$51.87
Market Cap
$59.55B
P/E (TTM)
47.6
EPS (TTM)
$1.09
Revenue (TTM)
$8.20B
Div Yield
1.7%
ROE
33.0%
Debt/Equity
0.0
52W Range
$39 – $53
FAST Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$8.20B
2016-12-31
→
2025-12-31
EPS
$1.09
2016-12-31
→
2025-12-31
Free Cash Flow
$1.05B
2016-12-31
→
2025-12-31
Margins
15.3%
2016-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FAST
Peer Median
P/E (TTM)
47.6
25.1
P/S (TTM)
7.3
1.8
P/B
15.1
4.9
EV / EBITDA
32.4
—
Price / FCF
56.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FAST
Peer Median
Gross Margin
45.0%
28.0%
Operating Margin
20.2%
—
Net Profit Margin
15.3%
6.8%
ROA
25.8%
8.4%
ROE
33.0%
21.6%
ROIC
30.9%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FAST
Peer Median
Debt / Equity
0.0
—
Current Ratio
4.9
2.4
Quick Ratio
2.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FAST
Peer Median
Revenue YoY
8.7%
—
Revenue CAGR 3Y
5.5%
—
Revenue CAGR 5Y
7.8%
—
EPS YoY
9.0%
—
Net Income YoY
9.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FAST
Peer Median
Payout Ratio
79.8%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
1.7%
Payout Ratio
79.8%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| July 28, 2026 | $0.2600 |
| April 28, 2026 | $0.2400 |
| Jan. 29, 2026 | $0.2400 |
| Oct. 28, 2025 | $0.2200 |
| July 29, 2025 | $0.2200 |
| April 25, 2025 | $0.2200 |
| Jan. 31, 2025 | $0.2150 |
| Oct. 25, 2024 | $0.1950 |
| July 26, 2024 | $0.1950 |
| April 24, 2024 | $0.1950 |
| Jan. 31, 2024 | $0.1950 |
| Dec. 5, 2023 | $0.1900 |
| Oct. 25, 2023 | $0.1750 |
| July 26, 2023 | $0.1750 |
| April 26, 2023 | $0.1750 |
| Feb. 1, 2023 | $0.1750 |
| Oct. 26, 2022 | $0.1550 |
| July 26, 2022 | $0.1550 |
| April 26, 2022 | $0.1550 |
| Feb. 1, 2022 | $0.1550 |
FAST Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
26 analysts
- Strong Buy 7 26.9%
- Buy 4 15.4%
- Hold 10 38.5%
- Sell 3 11.5%
- Strong Sell 2 7.7%
12-Month Price Target
13 analysts · 2026-08-16
Median
$47.00
Mean
$48.53
Now
$51.87
Low
$39.90
High
$59.00
Median target
$47.00
-9.4%
Mean target
$48.53
-6.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.00%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.33 | $0.33 | -0.00% |
| March 31, 2026 | $0.30 | $0.31 | -0.01% |
| Dec. 31, 2025 | $0.26 | $0.26 | -0.00% |
| Sept. 30, 2025 | $0.29 | $0.30 | -0.01% |
| June 30, 2025 | $0.29 | $0.29 | 0.00% |
| March 31, 2025 | $0.26 | $0.27 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FAST | $46.07B | 36.8 | 8.7% | 15.3% | 33.0% | 45.0% |
| URI | $51.06B | 21.0 | 4.9% | 15.5% | 28.4% | 38.2% |
| GWW | $47.85B | 28.5 | 4.5% | 9.5% | 48.1% | 39.1% |
| FERG | — | 24.0 | 3.8% | 6.0% | 32.3% | 30.7% |
| SUNB | $31.40B | 24.3 | 3.4% | 11.9% | 17.7% | 38.5% |
| WCC | $11.90B | 18.7 | 7.8% | 2.7% | 12.8% | — |
| QXO | $13.01B | -30.6 | 11925.0% | -4.1% | -2.9% | 23.0% |
| AIT | $12.44B | 30.9 | 8.8% | 8.3% | 22.4% | 30.3% |
| WSO | $13.14B | 27.5 | -5.0% | 6.9% | 18.3% | 28.1% |
| CNM | — | 23.1 | 2.8% | 5.8% | 23.9% | 26.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.20B | $7.55B | $7.35B | $6.98B | $6.01B | $5.65B | $5.33B | $4.97B | $4.39B | $3.96B | $3.87B | $3.73B | |
| Cost of Revenue | $4.51B | $4.14B | $3.99B | $3.76B | $3.23B | $3.08B | $2.82B | $2.57B | $2.23B | $2.00B | $1.92B | $1.84B | |
| Gross Profit | $3.69B | $3.40B | $3.35B | $3.22B | $2.78B | $2.57B | $2.52B | $2.40B | $2.16B | $1.96B | $1.95B | $1.90B | |
| SG&A Expense | $2.04B | $1.89B | $1.83B | $1.76B | $1.56B | $1.43B | $1.46B | $1.40B | $1.28B | $1.17B | $1.12B | $1.11B | |
| Operating Income | $1.66B | $1.51B | $1.53B | $1.45B | $1.22B | $1.14B | $1.06B | $999M | $882M | $796M | $829M | $788M | |
| Interest Expense | · | · | $11M | $14M | $10M | $10M | $14M | $13M | $9M | $6M | $3M | $915.0K | |
| Interest Income | · | · | · | · | · | · | · | · | · | · | $373.0K | $759.0K | |
| Pretax Income | $1.66B | $1.51B | $1.52B | $1.44B | $1.21B | $1.13B | $1.04B | $987M | $873M | $790M | $826M | $787M | |
| Income Tax | $397M | $358M | $367M | $353M | $283M | $274M | $253M | $235M | $294M | $290M | $310M | $293M | |
| Net Income | $1.26B | $1.15B | $1.16B | $1.09B | $925M | $859M | $791M | $752M | $579M | $499M | $516M | $494M | |
| EPS (Basic) | $1.10 | $1.00 | $1.01 | $1.89 | $1.61 | $1.50 | $1.38 | $1.31 | $1.00 | $1.73 | $1.77 | $1.67 | |
| EPS (Diluted) | $1.09 | $1.00 | $1.01 | $1.89 | $1.60 | $1.49 | $1.38 | $1.31 | $1.00 | $1.73 | $1.77 | $1.66 | |
| Shares (Basic) | 1,147,600,000 | 1,145,400,000 | 1,142,500,000 | 573,800,000 | 574,800,000 | 573,800,000 | 573,200,000 | 573,900,000 | 576,400,000 | 288,949,525 | 291,453,107 | 296,490,378 | |
| Shares (Diluted) | 1,150,300,000 | 1,148,600,000 | 1,146,000,000 | 575,600,000 | 577,100,000 | 575,700,000 | 574,400,000 | 574,300,000 | 576,700,000 | 289,157,523 | 292,045,442 | 297,313,244 | |
| EBITDA | $1.83B | $1.69B | $1.53B | $1.45B | · | $1.14B | $1.06B | $999M | $882M | $796M | $829M | $788M |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $277M | $256M | $221M | $230M | $236M | $246M | $175M | $167M | $117M | $113M | $129M | $114M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Receivables | $1.25B | $1.11B | $1.09B | $1.01B | $900M | $769M | $742M | $714M | $608M | $500M | $468M | $462M | |
| Inventory | $1.75B | $1.65B | $1.52B | $1.71B | $1.52B | $1.34B | $1.37B | $1.28B | $1.09B | $993M | $913M | $869M | |
| Other Current Assets | $182M | $184M | $172M | $165M | $188M | $140M | $157M | $147M | $118M | $102M | $132M | $116M | |
| Current Assets | $3.47B | $3.21B | $3.02B | $3.12B | $2.86B | $2.50B | $2.46B | $2.32B | $1.94B | $1.72B | $1.66B | $1.58B | |
| PP&E (Net) | $1.13B | $1.06B | $1.01B | $1.01B | $1.02B | $1.03B | $1.02B | $925M | $894M | $900M | $819M | $764M | |
| PP&E (Gross) | $2.77B | $2.59B | $2.44B | $2.31B | $2.20B | $2.08B | $1.97B | $1.75B | $1.60B | $1.50B | $1.32B | $1.19B | |
| Accum. Depreciation | $1.64B | $1.53B | $1.43B | $1.30B | $1.18B | $1.05B | $944M | $821M | $711M | $599M | $506M | $430M | |
| Other Non-current Assets | $140M | $150M | $161M | $171M | $181M | $191M | $76M | $80M | $81M | $48M | $49M | $12M | |
| Total Assets | $5.05B | $4.70B | $4.46B | $4.55B | $4.30B | $3.96B | $3.80B | $3.32B | $2.91B | $2.67B | $2.53B | $2.36B | |
| Accounts Payable | $317M | $288M | $264M | $255M | $233M | $207M | $193M | $194M | $148M | $109M | $126M | $104M | |
| Accrued Liabilities | $265M | $226M | $241M | $241M | $298M | $272M | $252M | $241M | $194M | $156M | $185M | $174M | |
| Current Liabilities | $716M | $687M | $661M | $790M | $682M | $613M | $545M | $437M | $351M | $276M | $373M | $375M | |
| Capital Leases | $211M | $187M | $179M | $155M | $156M | $152M | $148M | $0 | · | · | · | · | |
| Deferred Tax | $67M | $69M | $73M | $84M | $89M | $102M | $99M | $84M | $51M | $81M | $55M | $69M | |
| Other Non-current Liabilities | $16M | $14M | $1M | $4M | $0 | · | $0 | · | · | · | · | · | |
| Long-term Debt | $125M | $200M | $260M | $555M | $390M | $405M | $345M | $500M | $415M | $390M | $365M | $90M | |
| Total Debt | $125M | $200M | $260M | $555M | · | $405M | $345M | $500M | $415M | $390M | $365M | · | |
| Common Stock | $12M | $12M | $6M | $6M | $6M | $6M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Retained Earnings | $3.87B | $3.61B | $3.36B | $3.22B | $2.97B | $2.69B | $2.63B | $2.34B | $2.11B | $1.94B | $1.84B | $1.89B | |
| AOCI | $-51M | $-92M | $-55M | $-65M | $-31M | $-21M | $-38M | $-45M | $-25M | $-47M | $-46M | $-8M | |
| Stockholders' Equity | $3.94B | $3.62B | $3.35B | $3.16B | $3.04B | $2.73B | $2.67B | $2.30B | $2.10B | $1.93B | $1.80B | $1.92B | |
| Liabilities + Equity | $5.05B | $4.70B | $4.46B | $4.55B | $4.30B | $3.96B | $3.80B | $3.32B | $2.91B | $2.67B | $2.53B | $2.36B | |
| Shares Outstanding | 1,148,057,473 | 1,146,640,904 | 1,143,964,734 | 1,141,623,348 | 575,464,682 | 574,159,575 | 574,128,911 | 571,803,838 | 575,183,072 | 578,323,848 | 289,600,000 | 295,900,000 |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $179M | $175M | $177M | $177M | · | · | · | · | · | · | · | · | |
| Stock-based Comp | $8M | $8M | $7M | $7M | $6M | $6M | $6M | $5M | $5M | $4M | $6M | $7M | |
| Deferred Tax | $6M | $-4M | $-11M | $-8M | $-12M | $3M | $12M | $28M | $-30M | $26M | $8M | $1M | |
| Amort. of Intangibles | $11M | $11M | $11M | $11M | $11M | $9M | $4M | $4M | $4M | $500.0K | $500.0K | $527.0K | |
| Other Non-cash | $-156M | $-157M | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $1.30B | $1.17B | $1.43B | $941M | $770M | $1.10B | $843M | $674M | $585M | $520M | $550M | $499M | |
| CapEx | $245M | $226M | $173M | $174M | $157M | $168M | $246M | $176M | $120M | $190M | $155M | $189M | |
| Investing Cash Flow | $-231M | $-214M | $-161M | $-163M | $-148M | $-282M | $-240M | $-174M | $-179M | $-188M | $-181M | $-189M | |
| Debt Issued | $1.10B | $775M | $880M | $1.79B | $525M | $1.00B | $910M | $980M | $1.01B | $950M | $1.22B | $705M | |
| Net Debt Issued | $-75M | $-60M | $-295M | $165M | · | $60M | $-155M | $85M | $35M | $30M | · | · | |
| Stock Repurchased | · | $0 | $0 | $238M | $0 | $52M | $0 | $103M | $83M | $60M | $293M | $53M | |
| Net Stock Activity | · | $0 | $0 | $-238M | · | $-52M | $0 | $-103M | $-83M | $-59M | $-293M | $-53M | |
| Dividends Paid | $1.00B | $893M | $1.02B | $711M | $644M | $803M | $499M | $442M | $369M | $347M | $327M | $297M | |
| Financing Cash Flow | $-1.05B | $-914M | $-1.28B | $-775M | $-627M | $-754M | $-595M | $-446M | $-407M | $-347M | $-341M | $-250M | |
| Net Change in Cash | $21M | $34M | $-9M | $-6M | $-10M | $71M | $8M | $50M | $4M | $-16M | $15M | $56M | |
| Taxes Paid | $399M | $356M | $383M | $354M | $294M | $260M | $243M | $215M | $304M | $248M | $327M | $258M | |
| Free Cash Flow | $1.05B | $947M | $1.26B | $767M | · | $934M | $596M | $498M | $465M | $325M | $392M | $310M | |
| Levered FCF | · | · | $1.25B | $756M | · | $926M | $586M | $488M | $459M | $320M | $390M | $309M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.0% | 45.1% | 45.7% | 46.1% | · | 45.5% | 47.2% | 48.3% | 49.3% | 49.6% | 50.4% | 50.8% | |
| Operating Margin | 20.2% | 20.0% | 20.8% | 20.8% | · | 20.2% | 19.8% | 20.1% | 20.1% | 20.1% | 21.4% | 21.1% | |
| Net Margin | 15.3% | 15.2% | 15.7% | 15.6% | · | 15.2% | 14.8% | 15.1% | 13.2% | 12.6% | 13.4% | 13.2% | |
| Pretax Margin | 20.2% | 20.0% | 20.7% | 20.6% | · | 20.1% | 19.6% | 19.9% | 19.9% | 19.9% | 21.3% | 21.1% | |
| EBITDA Margin | 22.4% | 22.3% | 20.8% | 20.8% | · | 20.2% | 19.8% | 20.1% | 20.1% | 20.1% | 21.4% | 21.1% | |
| ROA | 25.8% | 25.1% | 25.6% | 24.6% | · | 22.1% | 22.2% | 24.1% | 20.7% | 19.2% | 21.1% | 22.3% | |
| ROE | 33.0% | 31.9% | 33.9% | 34.4% | · | 30.6% | 30.1% | 32.6% | 28.7% | 26.8% | 27.8% | 26.8% | |
| ROIC | 30.9% | 30.2% | 32.1% | 29.5% | · | 27.6% | 26.6% | 27.2% | 23.3% | 21.7% | 23.9% | 25.8% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.9 | 4.7 | 4.6 | 4.0 | · | 4.1 | 4.5 | 5.3 | 5.5 | 6.2 | 4.5 | 4.2 | |
| Quick Ratio | 2.1 | 2.0 | 2.0 | 1.6 | · | 1.7 | 1.7 | 2.0 | 2.1 | 2.2 | 1.6 | 1.5 | |
| Debt / Equity | 0.0 | 0.1 | 0.1 | 0.2 | · | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | · | |
| LT Debt / Equity | 0.0 | 0.0 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | · | |
| Interest Coverage | · | · | 141.5 | 101.7 | · | 117.7 | 76.1 | 79.3 | 96.9 | 122.4 | 266.7 | 860.8 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.7 | 1.6 | 1.6 | 1.6 | · | 1.5 | 1.5 | 1.6 | 1.6 | 1.5 | 1.6 | 1.7 | |
| Inventory Turnover | 2.7 | 2.6 | 2.5 | 2.3 | · | 2.3 | 2.1 | 2.2 | 2.1 | 2.1 | 2.2 | 2.2 | |
| Receivables Turnover | 7.0 | 6.9 | 7.0 | 7.3 | · | 7.5 | 7.3 | 7.5 | 7.9 | 8.2 | 8.3 | 8.5 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.7% | 2.7% | 5.2% | 16.1% | 6.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 5.5% | 7.9% | 9.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 7.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 9.0% | -0.99% | -46.6% | 18.1% | 7.4% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -16.8% | -14.5% | -12.2% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -6.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 9.4% | -0.38% | 6.3% | 17.5% | 7.7% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 5.0% | 7.5% | 10.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 7.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 4.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $8.20B | $7.55B | $7.35B | $6.98B | $6.01B | $5.65B | $5.33B | $4.97B | $4.39B | $3.96B | $3.87B | $3.73B | |
| Net Income TTM | $1.26B | $1.15B | $1.16B | $1.09B | $925M | $859M | $791M | $752M | $579M | $499M | $516M | $494M | |
| Market Cap | $46.07B | $20.61B | $18.52B | $13.51B | · | $14.02B | $10.61B | $3.74B | $3.93B | $3.40B | $2.96B | $3.52B | |
| Enterprise Value | $45.92B | $20.56B | $18.56B | $13.83B | · | $14.18B | $10.78B | $4.07B | $4.23B | $3.67B | $3.19B | · | |
| P/E | 36.8 | 36.0 | 32.1 | 12.5 | 20.0 | 16.4 | 13.4 | 10.0 | 13.7 | 6.8 | 5.8 | 7.2 | |
| P/S | 5.6 | 2.7 | 2.5 | 1.9 | · | 2.5 | 2.0 | 0.8 | 0.9 | 0.9 | 0.8 | 0.9 | |
| P/B | 11.7 | 5.7 | 5.5 | 4.3 | · | 5.1 | 4.0 | 1.6 | 1.9 | 1.8 | 1.6 | 1.8 | |
| P / Tangible Book | 11.7 | 5.7 | 5.5 | 4.3 | 6.1 | 5.1 | · | · | · | · | · | · | |
| P / Cash Flow | 35.6 | 17.6 | 12.9 | 14.4 | · | 12.7 | 12.6 | 5.5 | 6.7 | 6.6 | 5.4 | 7.0 | |
| P / FCF | 43.9 | 21.8 | 14.7 | 17.6 | · | 15.0 | 17.8 | 7.5 | 8.5 | 10.5 | 7.5 | 11.4 | |
| EV / EBITDA | 25.0 | 12.2 | 12.1 | 9.5 | · | 12.4 | 10.2 | 4.1 | 4.8 | 4.6 | 3.9 | · | |
| EV / FCF | 43.7 | 21.7 | 14.7 | 18.0 | · | 15.2 | 18.1 | 8.2 | 9.1 | 11.3 | 8.1 | · | |
| EV / Revenue | 5.6 | 2.7 | 2.5 | 2.0 | · | 2.5 | 2.0 | 0.8 | 1.0 | 0.9 | 0.8 | · | |
| Dividend Yield | 2.2% | 4.3% | 5.5% | 5.3% | · | 5.7% | 4.7% | 11.8% | 9.4% | 10.2% | 11.1% | 8.4% | |
| Earnings Yield | 2.7% | 2.8% | 3.1% | 8.0% | 5.0% | 6.1% | 7.5% | 10.0% | 7.3% | 14.7% | 17.3% | 14.0% | |
| Payout Ratio | 79.8% | 77.6% | 88.0% | 65.4% | · | 93.5% | 63.0% | 58.8% | 63.8% | 69.4% | 63.3% | 60.0% | |
| Annual Payout | $1.00B | $893M | $1.02B | $711M | $644M | $803M | $499M | $442M | $369M | $347M | $327M | $297M |
Income Statement 14
| 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 | $2.39B | $2.20B | $2.03B | $2.13B | $2.08B | $1.96B | $1.82B | $1.91B | $1.92B | $1.90B | $1.76B | $1.85B | $1.88B | $1.86B | $1.70B | $1.80B | |
| Cost of Revenue | $1.32B | $1.22B | $1.13B | $1.17B | $1.14B | $1.08B | $1.01B | $1.05B | $1.05B | $1.03B | $959M | $998M | $1.03B | $1.01B | $927M | $976M | |
| Gross Profit | $1.06B | $983M | $899M | $966M | $943M | $884M | $818M | $859M | $864M | $862M | $799M | $848M | $858M | $850M | $768M | $826M | |
| SG&A Expense | $562M | $535M | $514M | $524M | $507M | $490M | $473M | $470M | $477M | $471M | $446M | $461M | $463M | $457M | $435M | $447M | |
| Operating Income | $502M | $448M | $384M | $442M | $436M | $394M | $345M | $388M | $387M | $390M | $354M | $387M | $395M | $393M | $333M | $379M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $2M | · | $2M | $3M | $4M | · | $4M | |
| Pretax Income | $502M | $448M | $385M | $441M | $437M | $393M | $344M | $388M | $386M | $390M | $354M | $385M | $393M | $390M | $328M | $375M | |
| Income Tax | $119M | $109M | $91M | $105M | $106M | $94M | $82M | $90M | $94M | $92M | $88M | $90M | $95M | $95M | $83M | $91M | |
| Net Income | $383M | $340M | $294M | $336M | $330M | $299M | $262M | $298M | $293M | $298M | $266M | $296M | $298M | $295M | $246M | $285M | |
| EPS (Basic) | $0.33 | $0.30 | $0.26 | $0.29 | $0.29 | $0.26 | $-0.04 | $0.26 | $0.26 | $0.52 | $-0.55 | $0.52 | $0.52 | $0.52 | $0.42 | $0.50 | |
| EPS (Diluted) | $0.33 | $0.30 | $0.25 | $0.29 | $0.29 | $0.26 | $-0.03 | $0.26 | $0.25 | $0.52 | $-0.55 | $0.52 | $0.52 | $0.52 | $0.42 | $0.50 | |
| Shares (Basic) | 1,147,600,000 | 1,148,200,000 | -2,294,700,000 | 1,147,900,000 | 1,147,500,000 | 1,146,900,000 | -1,717,600,000 | 1,145,500,000 | 1,145,200,000 | 572,300,000 | -570,900,000 | 571,400,000 | 571,100,000 | 570,900,000 | -1,150,300,000 | 573,000,000 | |
| Shares (Diluted) | 1,150,300,000 | 1,150,900,000 | -2,300,300,000 | 1,151,000,000 | 1,150,100,000 | 1,149,500,000 | -1,722,100,000 | 1,148,400,000 | 1,148,200,000 | 574,100,000 | -572,600,000 | 573,100,000 | 572,900,000 | 572,600,000 | -1,154,100,000 | 574,700,000 | |
| EBITDA | $502M | $448M | · | $442M | $436M | $394M | · | $388M | $387M | $390M | · | $387M | $395M | $393M | · | $379M |
Balance Sheet 24
| 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 | $205M | $309M | $277M | $288M | $238M | $232M | $256M | $292M | $256M | $237M | · | $298M | $244M | $240M | · | $232M | |
| Receivables | $1.56B | $1.45B | $1.25B | $1.35B | $1.32B | $1.28B | $1.11B | $1.20B | $1.20B | $1.21B | · | $1.17B | $1.17B | $1.15B | · | $1.11B | |
| Inventory | $1.74B | $1.69B | $1.75B | $1.72B | $1.73B | $1.67B | $1.65B | $1.56B | $1.50B | $1.50B | · | $1.51B | $1.57B | $1.65B | · | $1.68B | |
| Other Current Assets | $179M | $161M | $182M | $178M | $159M | $174M | $184M | $191M | $165M | $137M | · | $150M | $142M | $120M | · | $172M | |
| Current Assets | $3.69B | $3.62B | $3.47B | $3.55B | $3.46B | $3.36B | $3.21B | $3.26B | $3.15B | $3.08B | · | $3.15B | $3.14B | $3.16B | · | $3.20B | |
| PP&E (Net) | $1.16B | $1.14B | $1.13B | $1.11B | $1.10B | $1.08B | $1.06B | $1.04B | $1.03B | $1.01B | · | $1.01B | $1.01B | $1.00B | · | $1.01B | |
| PP&E (Gross) | · | · | $2.77B | · | · | · | $2.59B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $1.64B | · | · | · | $1.53B | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $137M | $137M | $140M | $143M | $145M | $148M | $150M | $153M | $156M | $158M | · | $163M | $166M | $168M | · | $174M | |
| Total Assets | $5.29B | $5.21B | $5.05B | $5.12B | $5.02B | $4.87B | $4.70B | $4.74B | $4.60B | $4.53B | · | $4.60B | $4.58B | $4.58B | · | $4.63B | |
| Accounts Payable | $400M | $363M | $317M | $345M | $319M | $341M | $288M | $302M | $293M | $276M | · | $275M | $262M | $267M | · | $277M | |
| Accrued Liabilities | $289M | $243M | $265M | $261M | $257M | $216M | $226M | $226M | $216M | $208M | · | $236M | $230M | $229M | · | $282M | |
| Current Liabilities | $882M | $824M | $716M | $833M | $820M | $785M | $687M | $742M | $717M | $638M | · | $668M | $737M | $863M | · | $803M | |
| Capital Leases | $214M | $214M | $211M | $216M | $209M | $194M | $187M | $188M | $183M | $186M | · | $182M | $173M | $157M | · | $161M | |
| Deferred Tax | $66M | $66M | $67M | $63M | $70M | $70M | $69M | $76M | $74M | $74M | · | $79M | $84M | $84M | · | $93M | |
| Other Non-current Liabilities | $13M | $16M | $16M | $11M | $9M | $6M | $14M | $11M | $9M | $6M | · | $900.0K | $2M | $2M | · | $5M | |
| Long-term Debt | $120M | $125M | $125M | $195M | $230M | $200M | $200M | $240M | $235M | $200M | · | $260M | $350M | $400M | · | $555M | |
| Total Debt | $120M | $125M | · | $195M | $230M | $200M | · | $240M | $235M | $200M | · | $260M | $350M | $400M | · | $555M | |
| Common Stock | $12M | $12M | $12M | $12M | $12M | $6M | $12M | $6M | $6M | $6M | · | $6M | $6M | $6M | · | $6M | |
| Retained Earnings | $4.04B | $3.93B | $3.87B | $3.83B | $3.74B | $3.67B | $3.61B | $3.58B | $3.50B | $3.43B | · | $3.51B | $3.41B | $3.31B | · | $3.24B | |
| AOCI | $-63M | $-59M | $-51M | $-56M | $-52M | $-83M | $-92M | $-57M | $-74M | $-67M | · | $-72M | $-57M | $-60M | · | $-87M | |
| Stockholders' Equity | $4.07B | $3.99B | $3.94B | $3.89B | $3.81B | $3.69B | $3.62B | $3.60B | $3.50B | $3.43B | $3.35B | $3.47B | $3.38B | $3.27B | $3.16B | $3.16B | |
| Liabilities + Equity | $5.29B | $5.21B | $5.05B | $5.12B | $5.02B | $4.87B | $4.70B | $4.74B | $4.60B | $4.53B | · | $4.60B | $4.58B | $4.58B | · | $4.63B | |
| Shares Outstanding | 1,147,494,415 | 1,148,000,984 | 1,148,057,473 | 1,148,033,521 | 1,147,617,563 | 573,611,957 | 1,146,640,904 | 572,881,159 | 572,620,247 | 572,525,495 | 1,143,964,734 | 571,404,311 | 571,288,830 | 571,024,422 | 570,811,674 | 572,754,406 |
Cash Flow 15
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $1M | |
| Amort. of Intangibles | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Operating Cash Flow | $266M | $378M | $368M | $387M | $279M | $262M | $283M | $297M | $258M | $336M | $354M | $388M | $302M | $388M | $302M | $258M | |
| CapEx | $64M | $59M | $60M | $60M | $69M | $56M | $60M | $59M | $56M | $51M | $36M | $47M | $56M | $34M | $43M | $48M | |
| Investing Cash Flow | $-62M | $-58M | $-58M | $-55M | $-64M | $-54M | $-58M | $-56M | $-53M | $-48M | $-33M | $-43M | $-54M | $-31M | $-41M | $-44M | |
| Debt Issued | $360M | $47M | $65M | $365M | $520M | $155M | $185M | $205M | $225M | $160M | $90M | $155M | $405M | $230M | $405M | $695M | |
| Net Debt Issued | $-5M | $0 | · | $-35M | $30M | $0 | · | $5M | $35M | $-60M | · | $-90M | $-50M | $-155M | · | $50M | |
| Stock Repurchased | $30M | $20M | · | · | $0 | $0 | · | · | · | · | · | $0 | $0 | · | $93M | $95M | |
| Net Stock Activity | $-30M | $-20M | · | · | · | · | · | · | · | · | · | $0 | $0 | · | · | $-95M | |
| Dividends Paid | $275M | $276M | $252M | $252M | $252M | $247M | $223M | $223M | $223M | $223M | $417M | $200M | $200M | $200M | $177M | $178M | |
| Financing Cash Flow | $-308M | $-288M | $-322M | $-281M | $-216M | $-236M | $-250M | $-211M | $-186M | $-267M | $-403M | $-287M | $-243M | $-349M | $-269M | $-221M | |
| Net Change in Cash | $-104M | $32M | $-11M | $50M | $6M | $-24M | $-36M | $37M | $18M | $16M | $-76M | $54M | $4M | $10M | $-1M | $-16M | |
| Taxes Paid | $187M | $16M | $124M | $89M | $163M | $22M | $87M | $88M | $166M | $16M | $95M | $94M | $184M | $10M | $97M | $82M | |
| Free Cash Flow | $202M | $320M | · | $327M | $209M | $206M | · | $238M | $202M | $285M | · | $341M | $246M | $355M | · | $210M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $283M | · | $340M | $244M | $352M | · | $207M |
Profitability 8
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.6% | 44.6% | · | 45.3% | 45.3% | 45.1% | · | 45.0% | 45.1% | 45.5% | · | 45.9% | 45.5% | 45.7% | · | 45.9% | |
| Operating Margin | 21.0% | 20.3% | · | 20.7% | 21.0% | 20.1% | · | 20.3% | 20.2% | 20.6% | · | 20.9% | 21.0% | 21.1% | · | 21.0% | |
| Net Margin | 16.0% | 15.4% | · | 15.7% | 15.9% | 15.2% | · | 15.6% | 15.3% | 15.7% | · | 16.0% | 15.8% | 15.9% | · | 15.8% | |
| Pretax Margin | 21.0% | 20.4% | · | 20.6% | 21.0% | 20.1% | · | 20.3% | 20.2% | 20.6% | · | 20.9% | 20.8% | 21.0% | · | 20.8% | |
| EBITDA Margin | 21.0% | 20.3% | · | 20.7% | 21.0% | 20.1% | · | 20.3% | 20.2% | 20.6% | · | 20.9% | 21.0% | 21.1% | · | 21.0% | |
| ROA | 7.4% | 6.7% | · | 6.8% | 6.9% | 6.3% | · | 6.4% | 6.4% | 6.5% | · | 6.4% | 6.5% | 6.5% | · | 6.4% | |
| ROE | 9.7% | 8.8% | · | 9.0% | 9.0% | 8.4% | · | 8.4% | 8.5% | 8.9% | · | 8.9% | 9.1% | 9.2% | · | 9.3% | |
| ROIC | 9.1% | 8.2% | · | 8.2% | 8.2% | 7.7% | · | 7.8% | 7.9% | 8.2% | · | 8.0% | 8.0% | 8.1% | · | 7.7% |
Liquidity & Solvency 5
| 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 | 4.2 | 4.4 | · | 4.3 | 4.2 | 4.3 | · | 4.4 | 4.4 | 4.8 | · | 4.7 | 4.3 | 3.7 | · | 4.0 | |
| Quick Ratio | 2.0 | 2.1 | · | 2.0 | 1.9 | 1.9 | · | 2.0 | 2.0 | 2.3 | · | 2.2 | 1.9 | 1.6 | · | 1.7 | |
| Debt / Equity | 0.0 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | |
| LT Debt / Equity | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 195.1 | · | 184.1 | 136.2 | 100.8 | · | 92.5 |
Efficiency 3
| 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 | 0.5 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | |
| Inventory Turnover | 0.8 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | |
| Receivables Turnover | 1.7 | 1.6 | · | 1.7 | 1.6 | 1.6 | · | 1.6 | 1.6 | 1.6 | · | 1.6 | 1.7 | 1.7 | · | 1.7 |
Valuation (TTM) 17
| 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 | $8.80B | $8.37B | · | $8.08B | $7.87B | $7.68B | · | $7.57B | $7.54B | $7.48B | · | $7.39B | $7.32B | $7.14B | · | $6.84B | |
| Net Income TTM | $1.39B | $1.30B | · | $1.26B | $1.22B | $1.19B | · | $1.18B | $1.18B | $1.19B | · | $1.17B | $1.16B | $1.14B | · | $1.08B | |
| Market Cap | $55.11B | $53.27B | · | $56.30B | $48.20B | $22.24B | · | $20.46B | $17.99B | $22.08B | · | $15.61B | $16.85B | $15.40B | · | $13.18B | |
| Enterprise Value | $55.03B | $53.08B | · | $56.21B | $48.19B | $22.21B | · | $20.41B | $17.97B | $22.05B | · | $15.57B | $16.96B | $15.56B | · | $13.51B | |
| P/E | 39.7 | 40.7 | · | 44.6 | 39.6 | 30.1 | · | 23.0 | 17.4 | 18.5 | · | 13.3 | 14.5 | 13.6 | · | 12.2 | |
| P/S | 6.3 | 6.4 | · | 7.0 | 6.1 | 2.9 | · | 2.7 | 2.4 | 3.0 | · | 2.1 | 2.3 | 2.2 | · | 1.9 | |
| P/B | 13.5 | 13.4 | · | 14.5 | 12.7 | 6.0 | · | 5.7 | 5.1 | 6.4 | · | 4.5 | 5.0 | 4.7 | · | 4.2 | |
| P / Tangible Book | 13.5 | 13.4 | · | 14.5 | 12.7 | 6.0 | · | 5.7 | 5.1 | 6.4 | · | 4.5 | 5.0 | 4.7 | · | 4.2 | |
| P / Cash Flow | 207.4 | 140.8 | · | 145.5 | 173.0 | 84.8 | · | 68.9 | 69.7 | 65.8 | · | 40.2 | 55.8 | 39.6 | · | 51.1 | |
| P / FCF | 273.4 | 166.7 | · | 172.4 | 230.3 | 107.7 | · | 86.1 | 89.1 | 77.5 | · | 45.8 | 68.4 | 43.4 | · | 62.8 | |
| EV / EBITDA | 109.7 | 118.6 | · | 127.3 | 110.5 | 56.4 | · | 52.6 | 46.4 | 56.5 | · | 40.3 | 42.9 | 39.6 | · | 35.6 | |
| EV / FCF | 273.0 | 166.1 | · | 172.1 | 230.3 | 107.6 | · | 85.9 | 89.0 | 77.4 | · | 45.6 | 68.9 | 43.9 | · | 64.4 | |
| EV / Revenue | 6.3 | 6.3 | · | 7.0 | 6.1 | 2.9 | · | 2.7 | 2.4 | 2.9 | · | 2.1 | 2.3 | 2.2 | · | 2.0 | |
| Dividend Yield | 1.9% | 1.9% | · | 1.7% | 2.0% | 4.1% | · | 4.2% | 4.7% | 3.7% | · | 5.0% | 4.5% | 4.8% | · | 5.3% | |
| Earnings Yield | 2.5% | 2.5% | · | 2.2% | 2.5% | 3.3% | · | 4.3% | 5.8% | 5.4% | · | 7.5% | 6.9% | 7.4% | · | 8.2% | |
| Payout Ratio | 71.9% | 81.1% | · | 75.3% | 76.4% | 82.6% | · | 74.9% | 76.3% | 75.0% | · | 67.6% | 67.1% | 67.7% | · | 62.4% | |
| Annual Payout | $1.06B | $1.03B | · | $975M | $946M | $917M | · | $870M | $846M | $823M | · | $777M | $756M | $734M | · | $695M |
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 | $8.20B | $7.55B | $7.35B | $6.98B | $6.01B |
| Gross Margin % | 45.0% | 45.1% | 45.7% | 46.1% | — |
| Operating Margin % | 20.2% | 20.0% | 20.8% | 20.8% | — |
| Net Income | $1.26B | $1.15B | $1.16B | $1.09B | $925M |
| Diluted EPS | $1.09 | $1.00 | $1.01 | $1.89 | $1.60 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.1 | 0.1 | 0.2 | — |
| Current Ratio | 4.9 | 4.7 | 4.6 | 4.0 | — |
| Quick Ratio | 2.1 | 2.0 | 2.0 | 1.6 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.05B | $947M | $1.26B | $767M | — |
Latest News Recent headlines mentioning this company
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 1,591 filers · $28.8B 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.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 133 (-46 vs prior Q) | 76 (-10 vs prior Q) | 546 (+53 vs prior Q) | 528 (-1 vs prior Q) | +23.7M |
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 |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $3,598,386,707 | 74,919,565 | 12.48% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,116,834,277 | 64,893,489 | 10.81% | Shares |
| STATE STREET CORP | $2,710,763,633 | 56,438,968 | 9.40% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2,047,852,104 | 42,636,937 | 7.10% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,724,164,079 | 35,807,055 | 5.98% | Shares |
| NORGES BANK | $740,625,482 | 15,420,060 | 2.57% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $496,982,885 | 10,347,343 | 1.72% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $412,353,448 | 8,585,331 | 1.43% | Shares |
| BLAIR WILLIAM & CO/IL | $355,761,040 | 7,407,059 | 1.23% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $315,488,369 | 6,568,569 | 1.09% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $297,297,656 | 6,189,831 | 1.03% | Shares |
| USS Investment Management Ltd | $287,604,628 | 5,988,644 | 1.00% | Shares |
| Mariner, LLC | $279,075,680 | 5,811,215 | 0.97% | Shares |
| Baird Financial Group, Inc. | $257,129,422 | 5,353,517 | 0.89% | Shares |
| ProShare Advisors LLC | $228,860,261 | 4,764,944 | 0.79% | Shares |
| LONDON CO OF VIRGINIA | $218,022,183 | 4,539,273 | 0.76% | Shares |
| PROVIDENT TRUST CO | $217,126,531 | 4,520,644 | 0.75% | Shares |
| GOLDMAN SACHS GROUP INC | $212,833,944 | 4,431,271 | 0.74% | Shares |
| AMERICAN CENTURY COMPANIES INC | $207,619,405 | 4,322,701 | 0.72% | Shares |
| MORGAN STANLEY | $187,883,358 | 3,911,791 | 0.65% | Shares |
| MAIRS & POWER INC | $185,918,876 | 3,870,891 | 0.64% | Shares |
| TD Asset Management Inc | $156,163,974 | 3,251,384 | 0.54% | Shares |
| Swiss National Bank | $155,559,564 | 3,238,800 | 0.54% | Shares |
| Fenimore Asset Management Inc | $154,961,513 | 3,226,348 | 0.54% | Shares |
| Douglass Winthrop Advisors, LLC | $149,350,089 | 3,109,517 | 0.52% | Shares |
| Bahl & Gaynor LLC | $148,517,635 | 3,092,185 | 0.52% | Shares |
| Legal & General Group Plc | $144,138,847 | 3,001,017 | 0.50% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $143,708,354 | 2,992,054 | 0.50% | Shares |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $135,476,630 | 2,820,667 | 0.47% | Shares |
| BANK OF AMERICA CORP /DE/ | $135,151,665 | 2,813,901 | 0.47% | Shares |
| MILLENNIUM MANAGEMENT LLC | $134,311,909 | 2,796,417 | 0.47% | Shares |
| California Public Employees Retirement System | $133,559,519 | 2,780,752 | 0.46% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $132,534,414 | 2,759,409 | 0.46% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $128,101,966 | 2,667,124 | 0.44% | Shares |
| Epoch Investment Partners, Inc. | $125,440,335 | 2,611,708 | 0.43% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $124,730,068 | 2,596,920 | 0.43% | Shares |
| DF DENT & CO INC | $123,792,998 | 2,577,410 | 0.43% | Shares |
| MARSHFIELD ASSOCIATES | $123,668,417 | 2,574,816 | 0.43% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $120,147,103 | 2,534,749 | 0.42% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $120,119,000 | 2,500,906 | 0.42% | Shares |
| BlackRock, Inc. | $119,618,811 | 2,490,502 | 0.41% | Shares |
| Vanguard Global Advisers, LLC | $119,112,287 | 2,479,956 | 0.41% | Shares |
| LPL Financial LLC | $118,016,773 | 2,457,148 | 0.41% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $116,573,612 | 2,467,689 | 0.40% | Shares |
| FMR LLC | $116,502,840 | 2,425,626 | 0.40% | Shares |
| RHUMBLINE ADVISERS | $115,564,170 | 2,406,086 | 0.40% | Shares |
| Squarepoint Ops LLC | $111,400,590 | 2,319,396 | 0.39% | Shares |
| Bank Julius Baer & Co. Ltd, Zurich | $110,633,379 | 2,307,986 | 0.38% | Shares |
| WELLS FARGO & COMPANY/MN | $99,055,590 | 2,062,369 | 0.34% | Shares |
| Ensign Peak Advisors, Inc | $98,032,400 | 2,041,066 | 0.34% | Shares |
| RIVERBRIDGE PARTNERS LLC | $96,142,119 | 2,001,710 | 0.33% | Shares |
| Clearbridge Investments, LLC | $91,299,350 | 1,900,882 | 0.32% | Shares |
| Quantinno Capital Management LP | $88,156,766 | 1,835,452 | 0.31% | Shares |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | $85,298,254 | 1,775,937 | 0.30% | Shares |
| Fifth Third Wealth Advisors LLC | $84,480,928 | 1,758,920 | 0.29% | Shares |
| Capital Wealth Planning, LLC | $82,112,088 | 1,709,600 | 0.28% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $81,911,851 | 1,705,431 | 0.28% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $81,736,245 | 1,761,557 | 0.28% | Shares |
| Railway Pension Investments Ltd | $79,540,082 | 1,656,050 | 0.28% | Shares |
| National Pension Service | $79,160,500 | 1,648,147 | 0.27% | Shares |
| FIRST TRUST ADVISORS LP | $70,589,361 | 1,469,694 | 0.24% | Shares |
| DONALDSON CAPITAL MANAGEMENT, LLC | $67,482,076 | 1,405,001 | 0.23% | Shares |
| NICHOLAS COMPANY, INC. | $67,283,450 | 1,400,863 | 0.23% | Shares |
| CALEDONIA INVESTMENTS PLC | $66,513,078 | 1,385,112 | 0.23% | Shares |
| BARCLAYS PLC | $65,800,092 | 1,369,979 | 0.23% | Shares |
| NEUBERGER BERMAN GROUP LLC | $65,703,278 | 1,367,963 | 0.23% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $65,346,064 | 1,360,526 | 0.23% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $63,314,875 | 1,318,236 | 0.22% | Shares |
| RAYMOND JAMES FINANCIAL INC | $61,878,016 | 1,288,320 | 0.21% | Shares |
| COMPASS CAPITAL MANAGEMENT, INC | $58,774,414 | 1,223,702 | 0.20% | Shares |
| MACKENZIE FINANCIAL CORP | $57,215,834 | 1,191,252 | 0.20% | Shares |
| CITADEL ADVISORS LLC | $57,088,218 | 1,188,595 | 0.20% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $55,066,395 | 1,146,500 | 0.19% | Call option |
| ALLIANCEBERNSTEIN L.P. | $54,986,830 | 1,185,061 | 0.19% | Shares |
| PFA Pension, Forsikringsaktieselskab | $53,768,083 | 1,119,469 | 0.19% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $53,669,726 | 1,115,672 | 0.19% | Shares |
| CONGRESS ASSET MANAGEMENT CO | $50,437,350 | 1,050,122 | 0.17% | Shares |
| AVIVA PLC | $48,537,149 | 1,010,559 | 0.17% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $47,620,606 | 1,053,683 | 0.17% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $47,260,944 | 983,988 | 0.16% | Shares |
| Quantum Capital Management, LLC / NJ | $46,244,894 | 962,833 | 0.16% | Shares |
| Corient Private Wealth LP | $46,091,925 | 959,652 | 0.16% | Shares |
| AEGON ASSET MANAGEMENT UK Plc | $45,082,447 | 938,631 | 0.16% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $44,805,554 | 932,866 | 0.16% | Shares |
| CITADEL ADVISORS LLC | $43,476,756 | 905,200 | 0.15% | Call option |
| NISSAY ASSET MANAGEMENT CORP /JAPAN | $43,402,165 | 903,647 | 0.15% | Shares |
| SCHWARTZ INVESTMENT COUNSEL INC | $43,303,848 | 901,600 | 0.15% | Shares |
| Champlain Investment Partners, LLC | $42,808,419 | 891,285 | 0.15% | Shares |
| NEOS Investment Management LLC | $42,020,823 | 874,887 | 0.15% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $41,787,013 | 870,019 | 0.14% | Shares |
| UBS Group AG | $39,955,437 | 831,885 | 0.14% | Shares |
| Caisse de depot et placement du Quebec | $39,416,924 | 820,673 | 0.14% | Shares |
| ROYAL LONDON ASSET MANAGEMENT LTD | $38,881,391 | 809,523 | 0.13% | Shares |
| EVENTIDE ASSET MANAGEMENT, LLC | $38,546,800 | 804,046 | 0.13% | Shares |
| DNB Asset Management AS | $38,111,277 | 793,489 | 0.13% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $36,764,755 | 766,971 | 0.13% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $36,597,371 | 761,969 | 0.13% | Shares |
| Swedbank AB | $36,397,663 | 757,811 | 0.13% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $35,494,683 | 739,046 | 0.12% | Shares |
| Korea Investment CORP | $35,466,697 | 738,428 | 0.12% | Shares |
Company insiders 39 insiders · 18 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Daniel L Florness | CEO | Jan. 2, 2026 A | 565,036 | 0 | 1 | $-4,098,605 |
| Sheryl Ann Lisowski | Interim CFO and EVP-CAO/Treas. | July 17, 2025 M | 10,192 | 0 | 0 | $0 |
| Holden Lewis | Chief Financial Officer/EVP | March 14, 2025 M | 10,097 | 0 | 0 | $0 |
| Steven L Applewick | Vice-President | Aug. 3, 2007 J | 0 | 0 | 0 | $0 |
| Anthony Paul Broersma | EVP-Operations | July 24, 2025 M | 0 | 0 | 0 | $0 |
| John Lewis Soderberg | Senior EVP-IT | May 16, 2025 M | 0 | 0 | 0 | $0 |
| William Joseph Drazkowski | EVP-Sales | April 14, 2025 M | 5,997 | 0 | 0 | $0 |
| Noelle Joan Oas | Executive VP-Human Resources | Jan. 2, 2025 A | — | 0 | 0 | $0 |
| Jeffery Michael Watts | President and EVP-Sales | Jan. 2, 2025 A | 0 | 0 | 0 | $0 |
| Charles S. Miller | Senior EVP-Sales | Jan. 2, 2025 A | 7,500 | 0 | 0 | $0 |
| James C Jansen | EVP-Manufacturing | Jan. 2, 2025 A | 26,176 | 0 | 0 | $0 |
| Terry Modock Owen | Senior Executive VP | Jan. 3, 2022 A | 7,000 | 0 | 0 | $0 |
| Leland J Hein | Senior Executive VP | July 20, 2020 M | 15,222 | 0 | 0 | $0 |
| Gary A. Polipnick | Executive Vice President | Dec. 15, 2017 S | 0 | 0 | 0 | $0 |
| Ashok Singh | Executive Vice President | April 19, 2016 A | 0 | 0 | 0 | $0 |
| Kenneth R. Nance | Executive Vice President | Nov. 4, 2015 M | 1,953 | 0 | 0 | $0 |
| Steven A Rucinski | Executive Vice President | April 27, 2015 M | 3,609 | 0 | 0 | $0 |
| Michael Scott Camp | Vice President | Aug. 29, 2013 M | 11,376 | 0 | 0 | $0 |
| Irene Ayeley Quarshie | Director | Jan. 2, 2025 A | — | 0 | 0 | $0 |
| Hsenghung Sam Hsu | Director | Jan. 2, 2025 A | 3,000 | 0 | 0 | $0 |
| Daniel L. Johnson | Director | Jan. 2, 2025 A | 10,595 | 0 | 0 | $0 |
| Stephen L. Eastman | Director | Jan. 2, 2025 A | 9,000 | 0 | 0 | $0 |
| Nicholas J Lundquist | Director | Jan. 3, 2022 A | 429,726 | 0 | 0 | $0 |
| Michael John Dolan | Director | Feb. 5, 2021 P | 12,500 | 0 | 0 | $0 |
| Willard D Oberton | Director | Jan. 19, 2021 G | 903,383 | 0 | 0 | $0 |
| Darren R Jackson | Director | Jan. 23, 2020 P | 48,000 | 0 | 0 | $0 |
| Stephen M Slaggie | Director | Dec. 14, 2012 S | 9,681,008 | 0 | 0 | $0 |
| Hugh Loss Miller | Director | June 4, 2012 S | 10,000 | 0 | 0 | $0 |
| Michael M Gostomski | Director | Nov. 23, 2011 J | 920,656 | 0 | 0 | $0 |
| Henry K Mcconnon | Director | Oct. 10, 2008 S | 1,662,820 | 0 | 0 | $0 |
| John D Remick | Director | Nov. 17, 2006 G | 554,927 | 0 | 0 | $0 |
| Robert A Hansen | Director | May 5, 2006 P | 3,524 | 0 | 0 | $0 |
| Donnalee Kathleen Papenfuss | — | Aug. 13, 2026 M | 0 | 0 | 2 | $-475,731 |
| Michael J Ancius | — | Aug. 13, 2026 G | 58,290 | 0 | 2 | $-303,000 |
| Rita J. Heise | — | Aug. 5, 2026 M | 20,000 | 0 | 2 | $-1,749,948 |
| Reyne K Wisecup | — | March 5, 2026 M | 40,000 | 0 | 1 | $-1,747,793 |
| Scott Satterlee | — | Jan. 23, 2026 M | 50,000 | 0 | 1 | $-705,449 |
| Sarah N Nielsen | — | Jan. 2, 2026 A | 5,000 | 1 | 0 | $39,600 |
| Robert A Kierlin | — | June 5, 2014 S | 11,835,625 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 209 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 |
|---|---|---|---|---|
| LCLG · Advisors Series Trust | 2.91% | 65,582 NS | April 30, 2026 | N-PORT |
| PAVE · Global X Funds | 2.71% | 8,310,258 NS | May 31, 2026 | N-PORT |
| FXZ · First Trust Exchange-Traded AlphaDE… | 2.64% | 225,177 NS | April 30, 2026 | N-PORT |
| TMFG · RBB Fund, Inc. | 2.52% | 203,324 NS | May 31, 2026 | N-PORT |
| TMFM · RBB Fund, Inc. | 2.37% | 62,700 NS | May 31, 2026 | N-PORT |
| FDIV · EA Series Trust | 2.02% | 32,657 NS | April 30, 2026 | N-PORT |
| QDIV · Global X Funds | 1.93% | 14,318 NS | May 31, 2026 | N-PORT |
| ELCV · Strategy Shares | 1.53% | 75,072 NS | April 30, 2026 | N-PORT |
| KNG · First Trust Exchange-Traded Fund IV | 1.43% | 1,072,847 NS | April 30, 2026 | N-PORT |
| NOBL · ProShares Trust | 1.42% | 3,549,859 NS | May 31, 2026 | N-PORT |
| SCHD · SCHWAB STRATEGIC TRUST | 1.28% | 27,424,154 NS | May 31, 2026 | N-PORT |
| QFLR · Innovator ETFs Trust | 1.16% | 130,898 NS | April 30, 2026 | N-PORT |
| SXQG · EXCHANGE TRADED CONCEPTS TRUST | 1.06% | 16,225 NS | May 31, 2026 | N-PORT |
| QQQE · Direxion Shares ETF Trust | 0.92% | 250,193 NS | April 30, 2026 | N-PORT |
| SNPD · DBX ETF Trust | 0.84% | 495 NS | May 29, 2026 | N-PORT |
| JOET · Virtus ETF Trust II | 0.79% | 41,306 NS | April 30, 2026 | N-PORT |
| HQGO · Lattice Strategies Trust | 0.78% | 8,347 NS | April 30, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.74% | 340,499 NS | April 30, 2026 | N-PORT |
| DUSL · Direxion Shares ETF Trust | 0.67% | 8,059 NS | April 30, 2026 | N-PORT |
| ESLV · Strategy Shares | 0.63% | 1,651 NS | April 30, 2026 | N-PORT |
| SOVF · Elevation Series Trust | 0.61% | 12,754 NS | April 30, 2026 | N-PORT |
| UXI · ProShares Trust | 0.59% | 3,788 NS | May 31, 2026 | N-PORT |
| UPSD · ETF Series Solutions | 0.59% | 13,186 NS | April 30, 2026 | N-PORT |
| OUSA · ALPS ETF Trust | 0.53% | 89,536 NS | May 31, 2026 | N-PORT |
| ESUM · Strategy Shares | 0.51% | 17,640 NS | April 30, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.49% | 57,768 NS | April 30, 2026 | N-PORT |
| QDF · FlexShares Trust | 0.48% | 228,690 NS | April 30, 2026 | N-PORT |
| WBIL · Absolute Shares Trust | 0.47% | 3,006 NS | June 30, 2026 | N-PORT |
| ESLG · Strategy Shares | 0.45% | 1,950 NS | April 30, 2026 | N-PORT |
| FDLO · FIDELITY COVINGTON TRUST | 0.44% | 137,991 NS | April 30, 2026 | N-PORT |
| AKAF · ETF Series Solutions | 0.44% | 293 NS | May 31, 2026 | N-PORT |
| VUSE · ETF Series Solutions | 0.44% | 68,282 NS | May 31, 2026 | N-PORT |
| ZECP · Zacks Trust | 0.42% | 32,397 NS | May 31, 2026 | N-PORT |
| ROUS · Lattice Strategies Trust | 0.41% | 54,155 NS | April 30, 2026 | N-PORT |
| FQAL · FIDELITY COVINGTON TRUST | 0.41% | 123,692 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.41% | 57,186 NS | May 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.37% | 35,982 NS | April 30, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 30,738 NS | April 30, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.31% | 87,016 NS | April 30, 2026 | N-PORT |
| SZNE · Pacer Funds Trust | 0.29% | 876 NS | April 30, 2026 | N-PORT |
| GSLC · Goldman Sachs ETF Trust | 0.29% | 1,022,529 NS | May 31, 2026 | N-PORT |
| PALC · Pacer Funds Trust | 0.27% | 13,860 NS | April 30, 2026 | N-PORT |
| QCLR · Global X Funds | 0.27% | 239 NS | April 30, 2026 | N-PORT |
| QYLG · Global X Funds | 0.26% | 8,286 NS | April 30, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.26% | 16,094 NS | May 29, 2026 | N-PORT |
| QRMI · Global X Funds | 0.26% | 933 NS | April 30, 2026 | N-PORT |
| QYLD · Global X Funds | 0.26% | 474,539 NS | April 30, 2026 | N-PORT |
| LCOW · Pacer Funds Trust | 0.25% | 1,302 NS | April 30, 2026 | N-PORT |
| QTR · Global X Funds | 0.25% | 163 NS | April 30, 2026 | N-PORT |
| PTNQ · Pacer Funds Trust | 0.25% | 69,841 NS | April 30, 2026 | N-PORT |