GL Globe Life Inc. Common Stock
About Globe Life Inc. Common Stock Company overview from Wikipedia
Globe Life Inc. is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.
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Globe Life Inc. is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.
History
The original core of Globe Life, Liberty National Life Insurance Company was founded in 1900 as the Heralds of Liberty, a fraternal benefit society. The company was headquartered in Birmingham, Alabama, until 2006 when it moved to McKinney, Texas.
In 1980, Liberty National acquired Globe Life And Accident Insurance Company and formed the holding company Torchmark Corporation.
In 1981, Torchmark acquired United Investors Life Insurance Company (UIL), United American Insurance Company, and Waddell and Reed Financial.
In 1994, Torchmark acquired American Income Life Insurance Company.
In 1998, Torchmark spun off Waddell and Reed Financial, a mutual fund subsidiary.
In August 2001, a mutual fund company filed a civil racketeering suit against Torchmark Corporation, which accused Torchmark and its former chief executive of scheming to continue control over Waddell & Reed Financial Inc. after Torchmark spun it off in 1998. However, in a series of orders dated February 20, 2003, August 20, 2004, and September 28, 2004, the United States District Court for the Northern District of Kansas later granted summary judgment against plaintiff Waddell & Reed and in favor of Torchmark and the other defendants named in the action.
In 2006, Torchmark began moving its headquarters from Birmingham, Alabama to McKinney, Texas.
In 2010, Torchmark sold United Investors Life Insurance Company to Protective Life Corporation.
In 2012, TMK acquired Family Heritage Life Insurance Company of America. It was renamed Globe Life Family Heritage Division in 2019.
On February 5, 2014, Torchmark's subsidiary Globe Life purchased the naming rights of Globe Life Park in Arlington, formerly Rangers Ballpark in Arlington, the home of Major League Baseball's Texas Rangers Baseball Club located in Arlington, Texas. The naming rights were eventually transferred to Globe Life Field, the Rangers' new home park, alongside extending the naming rights through 2048.
On August 8, 2019, Torchmark Corporation was renamed Globe Life.
On April 11, 2024, Globe Life's share price experienced its biggest single-day decline, falling by 53.14% from $104.93 to $49.17. This came after Fuzzy Panda Research, which had taken a short position on the company, alleged that Globe Life committed numerous instances of insurance fraud, allegations which Globe Life rejected. The company completed a review of the allegations in July, and by August 29th, 2024, the share price had regained its value and closed at $104.98. On December 4, 2024, short seller Fuzzy Panda issued new claims that Globe Life had shuttered offices, suggesting a shrinking workforce, causing its stock to fall again. The company disputed the claims, issuing a statement that since the COVID-19 pandemic, they were transitioning to a virtual business model.
Subsidiaries
Globe Life Liberty National Division, McKinney, Texas
Globe Life And Accident Insurance Company, Oklahoma City, Oklahoma
United American Insurance Company, McKinney, Texas
American Income Life Insurance Company, Waco, Texas
Globe Life Insurance Company of New York, Syracuse, New York
Globe Life Family Heritage Division (previously known as Family Heritage Life Insurance Company of America)
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
GL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
GL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| July 6, 2026 | $0.3300 |
| April 2, 2026 | $0.3300 |
| Jan. 5, 2026 | $0.2700 |
| Oct. 3, 2025 | $0.2700 |
| July 3, 2025 | $0.2700 |
| April 3, 2025 | $0.2700 |
| Jan. 6, 2025 | $0.2400 |
| Oct. 4, 2024 | $0.2400 |
| July 5, 2024 | $0.2400 |
| April 4, 2024 | $0.2400 |
| Jan. 4, 2024 | $0.2250 |
| Oct. 5, 2023 | $0.2250 |
| July 3, 2023 | $0.2250 |
| March 31, 2023 | $0.2250 |
| Jan. 5, 2023 | $0.2080 |
| Oct. 6, 2022 | $0.2080 |
| July 1, 2022 | $0.2080 |
| April 1, 2022 | $0.2080 |
| Jan. 6, 2022 | $0.1980 |
| Oct. 1, 2021 | $0.1980 |
GL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 4 17.4%
- Buy 14 60.9%
- Hold 5 21.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
11 analysts · 2026-08-13Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $3.61 | $3.79 | -0.18% |
| March 31, 2026 | $3.43 | $3.58 | -0.15% |
| Dec. 31, 2025 | $3.39 | $3.54 | -0.15% |
| Sept. 30, 2025 | $4.81 | $4.68 | 0.13% |
| June 30, 2025 | $3.27 | $3.34 | -0.07% |
| March 31, 2025 | $3.07 | $3.34 | -0.27% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| GL | $12.90B | 9.9 | 3.7% | 19.4% | 20.4% | — |
| MET | $51.73B | 16.8 | 8.6% | 4.4% | 12.1% | — |
| AFL | $57.20B | 16.2 | -9.3% | 21.2% | 12.9% | — |
| PRU | — | — | — | — | — | — |
| PFG | $19.18B | 16.8 | -3.1% | 7.6% | 10.3% | — |
| UNM | — | — | — | — | — | — |
| OSCR | — | -8.5 | 27.5% | -3.8% | -44.5% | — |
| PRI | $8.22B | 11.3 | 6.6% | 22.8% | 31.9% | — |
| LNC | $8.46B | 7.6 | -1.2% | 6.5% | 12.3% | — |
| CNO | $4.01B | 18.5 | 0.85% | 5.1% | 8.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.99B | $5.78B | $5.45B | $5.23B | $5.11B | $4.74B | $4.53B | $4.30B | $4.16B | $3.93B | $3.77B | $3.62B | |
| Gross Profit | · | · | $1.26B | $1.18B | $1.22B | $901M | $911M | $865M | $807M | $783M | $775M | $761M | |
| SG&A Expense | · | · | $302M | $308M | $282M | $255M | $249M | $228M | $211M | $197M | $186M | $177M | |
| Operating Income | · | · | $1.27B | $1.19B | $1.23B | $905M | $920M | $871M | $821M | $787M | $776M | $772M | |
| Interest Expense | $141M | $127M | $102M | $90M | $83M | $87M | $84M | $90M | $85M | $83M | $77M | $76M | |
| Other Non-op | $-2M | $-3M | $-4M | $5M | $12M | $4M | $9M | $5M | $14M | $4M | $1M | $11M | |
| Pretax Income | $1.44B | $1.33B | $1.19B | $1.10B | $1.27B | $897M | $931M | $864M | $831M | $772M | $766M | $785M | |
| Income Tax | $275M | $256M | $224M | $208M | $243M | $165M | $170M | $162M | $-628M | $233M | $250M | $257M | |
| Net Income | $1.16B | $1.07B | $971M | $894M | $1.03B | $732M | $761M | $701M | $1.45B | $550M | $527M | $543M | |
| EPS (Basic) | $14.27 | $11.99 | $10.21 | $9.13 | $10.10 | $6.90 | $6.97 | $6.22 | $12.50 | $4.58 | $4.21 | $4.15 | |
| EPS (Diluted) | $14.07 | $11.94 | $10.07 | $9.04 | $9.99 | $6.82 | $6.83 | $6.09 | $12.22 | $4.49 | $4.16 | $4.09 | |
| Shares (Basic) | 81,376,845 | 89,278,574 | 95,098,474 | 97,927,770 | 102,069,781 | 106,075,267 | 109,213,524 | 112,872,581 | 116,342,529 | 120,001,191 | 125,094,628 | 130,721,738 | |
| Shares (Diluted) | 82,524,992 | 89,661,422 | 96,363,841 | 98,984,644 | 103,170,132 | 107,224,594 | 111,381,250 | 115,248,953 | 118,983,494 | 122,367,785 | 126,757,235 | 132,640,244 | |
| EBITDA | · | · | $1.27B | $991M | $865M | $905M | $920M | $871M | $821M | $787M | $776M | $795M |
Balance Sheet 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $145M | $165M | $103M | $93M | $92M | $95M | $76M | $121M | $119M | $76M | $61M | $66M | |
| Short-term Investments | $315M | $85M | $82M | $114M | $69M | $108M | $38M | $63M | $127M | $72M | $55M | $16M | |
| PP&E (Net) | $370M | $284M | $240M | $212M | · | · | · | · | · | · | · | · | |
| PP&E (Gross) | $615M | $527M | $455M | $406M | $378M | $350M | $298M | $256M | $217M | $196M | $175M | $139M | |
| Accum. Depreciation | $245M | $242M | $215M | $194M | $173M | $164M | $137M | $121M | $109M | $99M | $92M | $85M | |
| Goodwill | $490M | $490M | $482M | $482M | $482M | $442M | $442M | $442M | $442M | $442M | $442M | $442M | |
| Total Assets | $30.81B | $29.08B | $28.05B | $25.99B | $29.77B | $29.05B | $25.98B | $23.10B | $23.47B | $21.44B | $19.85B | $20.27B | |
| Short-term Debt | $305M | $415M | $486M | $449M | $480M | $255M | $299M | $308M | $328M | $264M | $490M | $238M | |
| Total Liabilities | $24.84B | $23.77B | $23.56B | $22.04B | $21.13B | $20.28B | $18.68B | $17.68B | $17.24B | $16.87B | $15.80B | $15.57B | |
| Long-term Debt | · | · | $1.63B | $1.79B | $1.70B | $1.67B | $1.36B | $1.36B | $1.14B | $1.14B | $744M | $992M | |
| Total Debt | $2.63B | $2.74B | $2.12B | $2.24B | $2.18B | $1.92B | $1.66B | $1.67B | $1.46B | $1.40B | $490M | $238M | |
| Common Stock | $92M | $97M | $102M | $105M | $109M | $113M | $117M | $121M | $124M | $127M | $130M | $134M | |
| Paid-in Capital | $536M | $528M | $532M | $530M | $521M | $527M | $532M | $524M | $508M | $490M | $482M | $458M | |
| Retained Earnings | $8.55B | $8.00B | $7.48B | $6.89B | $6.18B | $5.87B | $5.55B | $5.21B | $4.81B | $3.89B | $3.61B | $3.38B | |
| Treasury Stock | $1.43B | $1.29B | $854M | $790M | $847M | $773M | $751M | $763M | $632M | $519M | $403M | $269M | |
| AOCI | $-1.77B | $-2.03B | $-2.77B | $-2.79B | $2.68B | $3.03B | $1.84B | $319M | $1.42B | $578M | $232M | $997M | |
| Stockholders' Equity | $5.97B | $5.31B | $4.49B | $3.95B | $2.00B | $8.77B | $7.29B | $5.42B | $6.23B | $4.57B | $4.06B | $4.70B | |
| Liabilities + Equity | $30.81B | $29.08B | $28.05B | $25.99B | $29.77B | $29.05B | $25.98B | $23.10B | $23.47B | $21.44B | $19.85B | $20.27B | |
| Shares Outstanding | 92,218,183 | 97,218,183 | 102,218,183 | 105,218,183 | 109,218,183 | 113,218,183 | 117,218,183 | 121,218,183 | · | · | · | · |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $53M | $40M | $31M | $36M | $30M | $36M | $45M | $40M | $37M | $26M | $29M | $32M | |
| Deferred Tax | · | $38M | $78M | $69M | $100M | $35M | $35M | $28M | $-766M | $100M | $76M | $87M | |
| Operating Cash Flow | $1.40B | $1.40B | $1.48B | $1.42B | $1.44B | $1.48B | $1.36B | $1.28B | $1.43B | $1.40B | $1.12B | $865M | |
| CapEx | $142M | $71M | $50M | $28M | $38M | $42M | $42M | $45M | $20M | $25M | $37M | $19M | |
| Investing Cash Flow | $-644M | $-642M | $-926M | $-943M | $-913M | $-1.18B | $-809M | $-896M | $-927M | $-1.06B | $-633M | $-350M | |
| Debt Issued | · | · | $170M | $250M | $325M | $700M | $0 | $550M | · | · | · | · | |
| Net Debt Issued | · | · | $170M | $250M | $325M | $700M | · | · | · | · | · | · | |
| Stock Issued | $164M | $52M | $114M | $107M | $70M | $48M | $83M | $36M | $61M | $61M | $36M | $56M | |
| Stock Repurchased | $881M | $1.00B | $511M | $455M | $541M | $444M | $460M | $422M | $413M | $405M | $419M | $449M | |
| Net Stock Activity | $-717M | $-950M | $-397M | $-348M | $-472M | $-396M | $-376M | $-386M | $-352M | $-343M | $-383M | $-393M | |
| Dividends Paid | $86M | $85M | $84M | $81M | $80M | $78M | $74M | $71M | $69M | $67M | $67M | $65M | |
| Financing Cash Flow | $-768M | $-716M | $-541M | $-492M | $-524M | $-274M | $-591M | $-392M | $-454M | $-320M | $-526M | $-500M | |
| Net Change in Cash | $-21M | $62M | $11M | $396.0K | $-3M | $19M | $-45M | $2M | $42M | · | $-5M | $29M | |
| Taxes Paid | $141M | $128M | $121M | $0 | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $1.25B | $1.33B | $1.43B | $1.39B | $1.40B | $1.43B | $1.32B | $1.23B | $1.41B | $1.37B | $1.08B | $845M | |
| Levered FCF | $1.14B | $1.23B | $1.35B | $1.32B | $1.33B | $1.36B | $1.25B | $1.16B | $1.26B | $1.32B | $1.03B | $792M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | 23.1% | 18.9% | 16.7% | 19.0% | 20.1% | 20.1% | 19.4% | 19.9% | 20.6% | 19.0% | |
| Operating Margin | · | · | 23.2% | 19.0% | 16.9% | 19.1% | 20.3% | 20.2% | 19.8% | 20.0% | 20.6% | 20.0% | |
| Net Margin | 19.4% | 18.5% | 17.8% | 14.2% | 14.6% | 15.4% | 16.8% | 16.3% | 35.0% | 14.0% | 14.0% | 13.7% | |
| Pretax Margin | 24.0% | 23.0% | 21.9% | 17.4% | 17.8% | 18.9% | 20.6% | 20.1% | 20.0% | 19.6% | 20.3% | 19.6% | |
| EBITDA Margin | · | · | 23.2% | 19.0% | 16.9% | 19.1% | 20.3% | 20.2% | 19.8% | 20.0% | 20.6% | 20.0% | |
| ROA | 3.9% | 3.8% | 3.6% | 2.9% | 2.5% | 2.7% | 3.1% | 3.0% | 6.5% | 2.7% | 2.6% | 2.8% | |
| ROE | 20.4% | 21.5% | 21.3% | 17.4% | 8.6% | 8.6% | 10.4% | 12.8% | 25.5% | 11.4% | 12.6% | 12.8% | |
| ROIC | · | · | 15.6% | 11.3% | 6.5% | 6.9% | 8.4% | 10.0% | 18.7% | 9.2% | 11.5% | 11.2% |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.4 | 0.5 | 0.5 | 0.5 | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.1 | 0.1 | |
| LT Debt / Equity | 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | · | · | |
| Interest Coverage | · | · | 12.4 | 11.0 | 10.4 | 10.4 | 10.9 | 9.7 | 9.7 | 9.4 | 10.1 | 10.4 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.7% | 6.1% | 4.2% | 2.2% | 7.9% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 4.7% | 4.2% | 4.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 4.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 17.8% | 18.6% | 11.4% | -9.5% | 46.5% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 15.9% | 6.1% | 13.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 15.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 8.5% | 10.3% | 8.5% | -13.3% | 40.9% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 9.1% | 1.3% | 9.9% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 9.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 1.9% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.99B | $5.78B | $5.45B | $5.23B | $5.11B | $4.74B | $4.53B | $4.30B | $4.16B | $3.93B | $3.77B | $3.62B | |
| Net Income TTM | $1.16B | $1.07B | $971M | $894M | $1.03B | $732M | $761M | $701M | $1.45B | $550M | $527M | $543M | |
| Market Cap | $12.90B | $10.84B | $12.44B | $12.68B | $10.24B | $10.75B | $12.34B | · | · | · | · | · | |
| Enterprise Value | $15.06B | $13.33B | $14.37B | $14.72B | $12.25B | $12.47B | $13.88B | · | · | · | · | · | |
| P/E | 9.9 | 9.3 | 12.1 | 13.3 | 9.4 | 13.9 | 15.4 | 12.2 | 7.4 | 16.4 | 13.7 | 13.2 | |
| P/S | 2.2 | 1.9 | 2.3 | 2.4 | 2.0 | 2.3 | 2.7 | · | · | · | · | · | |
| P/B | 2.2 | 2.0 | 2.8 | 2.6 | 1.2 | 1.2 | 1.7 | · | · | · | · | · | |
| P / Tangible Book | 2.4 | 2.3 | 3.1 | 3.7 | 6.7 | 1.3 | · | · | · | · | · | · | |
| P / Cash Flow | 9.2 | 7.7 | 8.4 | 8.9 | 7.1 | 7.3 | 9.0 | · | · | · | · | · | |
| P / FCF | 10.3 | 8.1 | 8.7 | 9.1 | 7.3 | 7.5 | 9.3 | · | · | · | · | · | |
| EV / EBITDA | · | · | 11.4 | 14.9 | 14.2 | 13.8 | 15.1 | · | · | · | · | · | |
| EV / FCF | 12.0 | 10.0 | 10.0 | 10.6 | 8.8 | 8.7 | 10.5 | · | · | · | · | · | |
| EV / Revenue | 2.5 | 2.3 | 2.6 | 2.8 | 2.4 | 2.6 | 3.1 | · | · | · | · | · | |
| Dividend Yield | 0.67% | 0.79% | 0.68% | 0.64% | 0.78% | 0.73% | 0.60% | · | · | · | · | · | |
| Earnings Yield | 10.1% | 10.7% | 8.3% | 7.5% | 10.7% | 7.2% | 6.5% | 8.2% | 13.5% | 6.1% | 7.3% | 7.5% | |
| Payout Ratio | 7.4% | 8.0% | 8.7% | 10.9% | 10.7% | 10.7% | 9.8% | 10.2% | 4.7% | 12.2% | 12.7% | 12.0% | |
| Annual Payout | $86M | $85M | $84M | $81M | $80M | $78M | $74M | $71M | $69M | $67M | $67M | $65M |
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 | $1.60B | $1.56B | $1.52B | $1.51B | $1.48B | $1.48B | $1.47B | $1.46B | $1.44B | $1.42B | $1.42B | $1.38B | $1.33B | $1.32B | $1.34B | $1.30B | |
| Gross Profit | · | · | · | · | · | · | · | $379M | $335M | $327M | · | $321M | $310M | $305M | · | $264M | |
| SG&A Expense | · | · | · | · | · | · | · | $89M | $83M | $80M | · | $75M | $75M | $74M | · | $76M | |
| Operating Income | · | · | · | · | · | · | · | $383M | $339M | $327M | · | $322M | $310M | $305M | · | $265M | |
| Interest Expense | $36M | $34M | $35M | $36M | $35M | $35M | $36M | $31M | $31M | $29M | $26M | $26M | $26M | $25M | $25M | $24M | |
| Other Non-op | $0 | $-91.0K | $-2M | $-498.0K | · | $0 | $-1M | $-637.0K | $-1M | $710.0K | $-5M | $1M | $0 | $0 | $-834.0K | $1M | |
| Pretax Income | $355M | $334M | $329M | $477M | $313M | $316M | $312M | $377M | $322M | $315M | $337M | $319M | $265M | $274M | $297M | $235M | |
| Income Tax | $67M | $64M | $63M | $89M | $61M | $62M | $57M | $74M | $64M | $61M | $62M | $62M | $49M | $51M | $54M | $44M | |
| Net Income | $288M | $271M | $266M | $388M | $253M | $255M | $255M | $303M | $258M | $254M | $275M | $257M | $215M | $224M | $242M | $191M | |
| EPS (Basic) | $3.71 | $3.45 | $3.32 | $4.81 | $3.09 | $3.05 | $3.00 | $3.45 | $2.83 | $2.71 | $2.91 | $2.72 | $2.26 | $2.32 | $2.50 | $1.96 | |
| EPS (Diluted) | $3.65 | $3.39 | $3.28 | $4.73 | $3.05 | $3.01 | $3.00 | $3.44 | $2.83 | $2.67 | $2.87 | $2.68 | $2.24 | $2.28 | $2.47 | $1.94 | |
| Shares (Basic) | 77,460,371 | 78,500,338 | -164,710,872 | 80,692,558 | 81,915,162 | 83,479,997 | -183,902,870 | 87,874,488 | 91,441,350 | 93,865,606 | -191,257,020 | 94,636,867 | 95,330,416 | 96,388,211 | -196,827,188 | 97,258,349 | |
| Shares (Diluted) | 78,909,152 | 79,740,525 | -166,763,228 | 82,015,446 | 82,792,661 | 84,480,113 | -184,981,484 | 88,087,041 | 91,441,350 | 95,114,515 | -193,616,331 | 95,817,637 | 96,251,435 | 97,911,100 | -198,353,933 | 98,147,524 | |
| EBITDA | · | · | · | · | · | · | · | $383M | $339M | $327M | · | $322M | $310M | $305M | · | $261M |
Balance Sheet 19
| 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 | $257M | $255M | $145M | $303M | $239M | $232M | $165M | $135M | $88M | $84M | · | $86M | $75M | $172M | · | $86M | |
| Short-term Investments | $198M | $184M | $315M | $63M | $117M | $134M | $85M | $101M | $101M | $58M | · | $84M | $71M | $74M | · | $86M | |
| PP&E (Net) | · | · | $370M | · | · | · | $284M | · | · | · | · | · | · | · | · | · | |
| PP&E (Gross) | · | · | $615M | · | · | · | $527M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $245M | · | · | · | $242M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $490M | $490M | $490M | $490M | $490M | $490M | $490M | $490M | $482M | $482M | · | $482M | $482M | $482M | · | $482M | |
| Total Assets | $31.56B | $30.97B | $30.81B | $30.53B | $29.81B | $29.71B | $29.08B | $29.56B | $28.30B | $28.57B | · | $26.17B | $26.71B | $26.86B | · | $24.84B | |
| Short-term Debt | $278M | $457M | $305M | $394M | $465M | $477M | $415M | $437M | $655M | $734M | · | $448M | $258M | $514M | · | $435M | |
| Total Liabilities | $25.41B | $24.88B | $24.84B | $24.84B | $24.39B | $24.28B | $23.77B | $24.92B | $23.07B | $23.53B | · | $21.54B | $22.73B | $23.01B | · | $20.48B | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | · | $1.80B | $1.80B | $1.79B | · | $1.79B | |
| Total Debt | $2.94B | $2.78B | · | $2.71B | $2.79B | $2.80B | · | $2.76B | $2.29B | $2.36B | · | $2.25B | $2.06B | $2.31B | · | $2.23B | |
| Common Stock | $92M | $92M | $92M | $97M | $97M | $97M | $97M | $102M | $102M | $102M | · | $105M | $105M | $105M | · | $109M | |
| Paid-in Capital | $536M | $524M | $536M | $553M | $538M | $524M | $528M | $543M | $534M | $527M | · | $544M | $536M | $529M | · | $541M | |
| Retained Earnings | $9.04B | $8.79B | $8.55B | $8.81B | $8.45B | $8.22B | $8.00B | $8.23B | $7.94B | $7.71B | · | $7.52B | $7.29B | $7.09B | · | $6.63B | |
| Treasury Stock | $1.79B | $1.62B | $1.43B | $1.80B | $1.69B | $1.45B | $1.29B | $1.75B | $1.16B | $829M | · | $1.09B | $1.00B | $919M | · | $1.11B | |
| AOCI | $-1.72B | $-1.70B | $-1.77B | $-1.97B | $-1.98B | $-1.97B | $-2.03B | $-2.48B | $-2.19B | $-2.47B | · | $-2.46B | $-2.94B | $-2.96B | · | $-1.81B | |
| Stockholders' Equity | $6.16B | $6.08B | $5.97B | $5.69B | $5.42B | $5.43B | $5.31B | $4.64B | $5.23B | $5.04B | $4.49B | $4.62B | $3.98B | $3.85B | $3.95B | $4.36B | |
| Liabilities + Equity | $31.56B | $30.97B | $30.81B | $30.53B | $29.81B | $29.71B | $29.08B | $29.56B | $28.30B | $28.57B | · | $26.17B | $26.71B | $26.86B | · | $24.84B | |
| Shares Outstanding | 92,218,183 | 92,218,183 | 92,218,183 | 97,218,183 | 97,218,183 | 97,218,183 | 97,218,183 | 102,218,183 | 102,218,183 | 102,218,183 | · | 105,218,183 | 105,218,183 | 105,218,183 | · | 109,218,183 |
Cash Flow 12
| 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 Cash Flow | $314M | $421M | $351M | $306M | $308M | $432M | $337M | $341M | $374M | $351M | $391M | $287M | $327M | $477M | $372M | $357M | |
| CapEx | $16M | $25M | $21M | $97M | $13M | $12M | $15M | $29M | $18M | $9M | $13M | $11M | $17M | $8M | $8M | $6M | |
| Investing Cash Flow | $-272M | $-281M | $-266M | $-74M | $-64M | $-240M | $181M | $-196M | $105M | $-732M | $-98M | $-418M | $-162M | $-248M | $-252M | $-283M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | · | $0 | |
| Stock Issued | $88M | $21M | $19M | $52M | $12M | $81M | $17M | $5M | $0 | $30M | $53M | $19M | $5M | $37M | $57M | $15M | |
| Stock Repurchased | $275M | $240M | $192M | $174M | $250M | $265M | $52M | $591M | $336M | $23M | $145M | $97M | $90M | $179M | $119M | $72M | |
| Net Stock Activity | · | $-219M | · | · | · | $-183M | · | · | · | $6M | · | · | · | $-142M | · | · | |
| Dividends Paid | $26M | $21M | $22M | $22M | $22M | $20M | $20M | $22M | $23M | $21M | $21M | $21M | $21M | $20M | $20M | $20M | |
| Financing Cash Flow | $-48M | $-30M | $-241M | $-172M | $-231M | $-124M | $-501M | $-95M | $-477M | $357M | $-272M | $137M | $-255M | $-152M | $-115M | $-170M | |
| Net Change in Cash | $2M | $111M | $-158M | $64M | $7M | $67M | $31M | $47M | $4M | $-20M | $18M | $11M | $-97M | $80M | $7M | $-87M | |
| Free Cash Flow | · | $396M | · | · | · | $420M | · | · | · | $342M | · | · | · | $469M | · | · | |
| Levered FCF | · | $368M | · | · | · | $392M | · | · | · | $319M | · | · | · | $449M | · | · |
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 | · | · | · | · | · | · | · | 26.1% | 23.2% | 23.1% | · | 23.2% | 23.4% | 23.1% | · | 20.1% | |
| Operating Margin | · | · | · | · | · | · | · | 26.3% | 23.5% | 23.1% | · | 23.3% | 23.4% | 23.1% | · | 20.2% | |
| Net Margin | 18.0% | 17.3% | · | 25.6% | 17.1% | 17.2% | · | 20.8% | 17.9% | 17.9% | · | 18.6% | 16.2% | 16.9% | · | 14.5% | |
| Pretax Margin | 22.2% | 21.4% | · | 31.5% | 21.1% | 21.3% | · | 25.9% | 22.4% | 22.2% | · | 23.0% | 19.9% | 20.8% | · | 17.8% | |
| EBITDA Margin | · | · | · | · | · | · | · | 26.3% | 23.5% | 23.1% | · | 23.3% | 23.4% | 23.1% | · | 20.2% | |
| ROA | 0.94% | 0.89% | · | 1.3% | 0.87% | 0.87% | · | 1.1% | 0.94% | 0.92% | · | 1.0% | 0.82% | 0.82% | · | 0.69% | |
| ROE | 5.0% | 4.7% | · | 7.5% | 4.8% | 4.9% | · | 6.5% | 5.6% | 5.7% | · | 5.7% | 4.6% | 4.2% | · | 2.9% | |
| ROIC | · | · | · | · | · | · | · | 4.2% | 3.6% | 3.6% | · | 3.8% | 4.2% | 4.0% | · | 3.2% |
Liquidity & Solvency 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.4 | 0.5 | · | 0.5 | 0.5 | 0.6 | · | 0.5 | |
| LT Debt / Equity | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.5 | 0.3 | 0.3 | · | 0.4 | 0.5 | 0.4 | · | 0.4 | |
| Interest Coverage | · | · | · | · | · | · | · | 12.2 | 10.8 | 11.4 | · | 12.4 | 12.0 | 12.3 | · | 10.9 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.0 | · | 0.0 |
Valuation (TTM) 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.15B | $6.03B | · | $5.93B | $5.86B | $5.79B | · | $5.73B | $5.66B | $5.54B | · | $5.37B | $5.28B | $5.25B | · | $5.17B | |
| Net Income TTM | $1.20B | $1.17B | · | $1.20B | $1.07B | $1.07B | · | $1.09B | $1.04B | $1.00B | · | $938M | $872M | $881M | · | $841M | |
| Market Cap | $16.48B | $12.83B | · | $13.90B | $12.08B | $12.81B | · | $10.83B | $8.41B | $11.90B | · | $11.44B | $11.53B | $11.58B | · | $10.89B | |
| Enterprise Value | $18.97B | $15.17B | · | $16.25B | $14.52B | $15.24B | · | $13.35B | $10.51B | $14.12B | · | $13.52B | $13.44B | $13.64B | · | $12.95B | |
| P/E | 12.1 | 9.8 | · | 10.0 | 10.1 | 11.0 | · | 9.0 | 7.4 | 11.1 | · | 11.3 | 12.3 | 12.3 | · | 11.9 | |
| P/S | 2.7 | 2.1 | · | 2.3 | 2.1 | 2.2 | · | 1.9 | 1.5 | 2.1 | · | 2.1 | 2.2 | 2.2 | · | 2.1 | |
| P/B | 2.7 | 2.1 | · | 2.4 | 2.2 | 2.4 | · | 2.3 | 1.6 | 2.4 | · | 2.5 | 2.9 | 3.0 | · | 2.5 | |
| P / Tangible Book | 2.9 | 2.3 | · | 2.7 | 2.5 | 2.6 | · | 2.6 | 1.8 | 2.6 | · | 2.8 | 3.3 | 3.4 | · | 2.8 | |
| P / Cash Flow | · | 30.5 | · | · | · | 29.7 | · | · | · | 33.9 | · | · | · | 24.3 | · | · | |
| P / FCF | · | 32.4 | · | · | · | 30.5 | · | · | · | 34.8 | · | · | · | 24.7 | · | · | |
| EV / EBITDA | · | · | · | · | · | · | · | 34.9 | 31.0 | 43.1 | · | 42.0 | 43.3 | 44.7 | · | 49.7 | |
| EV / FCF | · | 38.3 | · | · | · | 36.3 | · | · | · | 41.3 | · | · | · | 29.1 | · | · | |
| EV / Revenue | 3.1 | 2.5 | · | 2.7 | 2.5 | 2.6 | · | 2.3 | 1.9 | 2.5 | · | 2.5 | 2.5 | 2.6 | · | 2.5 | |
| Earnings Yield | 8.3% | 10.2% | · | 10.0% | 9.9% | 9.1% | · | 11.2% | 13.4% | 9.0% | · | 8.9% | 8.1% | 8.1% | · | 8.4% | |
| Payout Ratio | · | 7.9% | · | · | · | 7.9% | · | · | · | 8.3% | · | · | · | 9.0% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | |
|---|---|---|---|---|---|
| Revenue | $5.99B | $5.78B | $5.45B | — | — |
| Gross Margin % | — | — | 23.1% | — | — |
| Operating Margin % | — | — | 23.2% | — | — |
| Net Income | $1.16B | $1.07B | $971M | — | — |
| Diluted EPS | $14.07 | $11.94 | $10.07 | — | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.4 | 0.5 | 0.5 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.25B | $1.33B | $1.43B | — | — |
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Institutional owners (13F) 762 filers · $7.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 108 (+18 vs prior Q) | 57 (-23 vs prior Q) | 224 (+25 vs prior Q) | 211 (-16 vs prior Q) | -66K |
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 | $907,825,551 | 5,080,734 | 12.24% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $747,167,931 | 4,181,598 | 10.08% | Shares |
| STATE STREET CORP | $667,442,880 | 3,735,409 | 9.00% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $454,191,073 | 2,545,665 | 6.13% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $387,020,288 | 2,165,998 | 5.22% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $257,448,576 | 1,440,836 | 3.47% | Shares |
| PZENA INVESTMENT MANAGEMENT LLC | $242,256,309 | 1,355,811 | 3.27% | Shares |
| Swedbank AB | $232,516,284 | 1,301,300 | 3.14% | Shares |
| FMR LLC | $193,421,143 | 1,082,500 | 2.61% | Shares |
| NORGES BANK | $163,531,331 | 915,219 | 2.21% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $137,760,493 | 770,990 | 1.86% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $131,203,652 | 734,294 | 1.77% | Shares |
| REGIONS FINANCIAL CORP | $126,952,318 | 710,501 | 1.71% | Shares |
| EQUITY INVESTMENT CORP | $122,970,522 | 688,216 | 1.66% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $94,361,980 | 528,106 | 1.27% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $87,834,979 | 491,577 | 1.18% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $87,644,863 | 490,513 | 1.18% | Shares |
| AMERIPRISE FINANCIAL INC | $81,116,966 | 453,979 | 1.09% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $77,910,555 | 436,034 | 1.05% | Shares |
| AMERICAN CENTURY COMPANIES INC | $69,342,159 | 388,080 | 0.94% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $60,831,441 | 337,465 | 0.82% | Shares |
| BANK OF AMERICA CORP /DE/ | $59,129,143 | 330,922 | 0.80% | Shares |
| TWO SIGMA INVESTMENTS, LP | $55,091,154 | 308,323 | 0.74% | Shares |
| RAYMOND JAMES FINANCIAL INC | $50,372,482 | 281,914 | 0.68% | Shares |
| Freestone Grove Partners LP | $49,089,828 | 274,736 | 0.66% | Shares |
| Gotham Asset Management, LLC | $45,254,641 | 253,272 | 0.61% | Shares |
| LPL Financial LLC | $38,993,046 | 218,228 | 0.53% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $34,881,374 | 195,217 | 0.47% | Shares |
| Artisan Partners Limited Partnership | $33,968,497 | 190,108 | 0.46% | Shares |
| MILLENNIUM MANAGEMENT LLC | $33,015,061 | 184,772 | 0.45% | Shares |
| Arbejdsmarkedets Tillaegspension | $32,555,496 | 182,200 | 0.44% | Shares |
| GOLDMAN SACHS GROUP INC | $32,547,991 | 182,158 | 0.44% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $31,760,795 | 177,752 | 0.43% | Shares |
| Interval Partners, LP | $30,402,581 | 170,151 | 0.41% | Shares |
| California Public Employees Retirement System | $30,055,763 | 168,210 | 0.41% | Shares |
| BlackRock, Inc. | $29,987,328 | 167,827 | 0.40% | Shares |
| RHUMBLINE ADVISERS | $29,964,179 | 167,698 | 0.40% | Shares |
| Vanguard Global Advisers, LLC | $29,310,489 | 164,039 | 0.40% | Shares |
| TODD ASSET MANAGEMENT LLC | $28,331,322 | 158,559 | 0.38% | Shares |
| Swiss National Bank | $28,124,232 | 157,400 | 0.38% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $24,872,256 | 139,200 | 0.34% | Shares |
| BARCLAYS PLC | $24,820,975 | 138,913 | 0.33% | Shares |
| BLAIR WILLIAM & CO/IL | $24,199,612 | 135,435 | 0.33% | Shares |
| Quantinno Capital Management LP | $24,180,706 | 135,329 | 0.33% | Shares |
| VANGUARD GROUP INC | $23,601,655 | 168,752 | 0.32% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $23,303,278 | 130,419 | 0.31% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $22,322,671 | 124,931 | 0.30% | Shares |
| IEQ CAPITAL, LLC | $19,359,236 | 108,346 | 0.26% | Shares |
| Carmignac Gestion | $19,136,628 | 107,100 | 0.26% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $17,942,689 | 100,418 | 0.24% | Shares |
| NEUBERGER BERMAN GROUP LLC | $17,449,263 | 97,657 | 0.24% | Shares |
| STRS OHIO | $17,358,762 | 97,150 | 0.23% | Shares |
| Amundi | $17,317,666 | 96,920 | 0.23% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $17,229,398 | 96,426 | 0.23% | Shares |
| Corient Private Wealth LP | $16,713,715 | 93,542 | 0.23% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $16,463,932 | 92,142 | 0.22% | Shares |
| Legal & General Group Plc | $14,116,612 | 79,005 | 0.19% | Shares |
| Brandywine Global Investment Management, LLC | $13,727,818 | 98,154 | 0.19% | Shares |
| MORGAN STANLEY | $13,712,809 | 76,745 | 0.18% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $13,386,348 | 74,918 | 0.18% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $13,168,184 | 73,697 | 0.18% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $12,591,823 | 90,478 | 0.17% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $12,453,996 | 69,700 | 0.17% | Call option |
| Polar Capital Holdings Plc | $12,335,174 | 69,035 | 0.17% | Shares |
| Barbara Oil Co. | $12,060,900 | 67,500 | 0.16% | Shares |
| ALLIANCEBERNSTEIN L.P. | $12,042,241 | 86,529 | 0.16% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $11,963,050 | 66,952 | 0.16% | Shares |
| Bridgewater Associates, LP | $11,814,322 | 66,120 | 0.16% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $11,327,597 | 63,396 | 0.15% | Shares |
| Cohen Klingenstein LLC | $11,272,743 | 63,089 | 0.15% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $11,247,192 | 62,946 | 0.15% | Shares |
| &PARTNERS | $10,990,136 | 61,392 | 0.15% | Shares |
| LEAVELL INVESTMENT MANAGEMENT, INC. | $10,848,378 | 60,714 | 0.15% | Shares |
| HSBC HOLDINGS PLC | $10,848,213 | 60,298 | 0.15% | Shares |
| APG Asset Management N.V. | $10,780,501 | 68,980 | 0.15% | Shares |
| GREAT LAKES ADVISORS, LLC | $10,566,291 | 59,135 | 0.14% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $10,350,396 | 57,927 | 0.14% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $10,350,206 | 59,561 | 0.14% | Shares |
| Steward Partners Investment Advisory, LLC | $10,173,128 | 56,935 | 0.14% | Shares |
| JANE STREET GROUP, LLC | $10,166,892 | 56,900 | 0.14% | Call option |
| BRAUN STACEY ASSOCIATES INC | $10,088,630 | 56,462 | 0.14% | Shares |
| Squarepoint Ops LLC | $9,948,188 | 55,676 | 0.13% | Shares |
| Leith Wheeler Investment Counsel Ltd. | $9,615,840 | 53,816 | 0.13% | Shares |
| MARSHALL WACE, LLP | $9,289,573 | 51,990 | 0.13% | Shares |
| Prana Capital Management, LP | $9,217,923 | 51,589 | 0.12% | Shares |
| Livforsakringsbolaget Skandia, Omsesidigt | $8,792,250 | 48,590 | 0.12% | Shares |
| Mariner, LLC | $8,742,316 | 48,927 | 0.12% | Shares |
| Wealthfront Advisers LLC | $8,639,535 | 48,352 | 0.12% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $8,500,701 | 47,575 | 0.11% | Shares |
| Jain Global LLC | $8,302,724 | 46,467 | 0.11% | Shares |
| PRUDENTIAL FINANCIAL INC | $8,234,646 | 46,086 | 0.11% | Shares |
| Welch Group, LLC | $8,213,210 | 45,966 | 0.11% | Shares |
| Cubist Systematic Strategies, LLC | $8,192,466 | 57,302 | 0.11% | Shares |
| CIBC Bancorp USA Inc. | $7,922,850 | 44,342 | 0.11% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $7,818,322 | 43,756 | 0.11% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $7,693,246 | 43,056 | 0.10% | Shares |
| Illinois Municipal Retirement Fund | $7,503,488 | 41,994 | 0.10% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $7,472,733 | 53,695 | 0.10% | Shares |
| CWA Asset Management Group, LLC | $7,412,100 | 41,483 | 0.10% | Shares |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | $7,325,880 | 41,000 | 0.10% | Shares |
Company insiders 81 insiders · 25 officers · 29 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| James Matthew Darden | Co-Chairman & CEO | July 31, 2026 M | 58,451 | 0 | 9 | $-19,917,919 |
| Frank M Svoboda | Co-Chairman & CEO | June 12, 2026 M | 54,020 | 0 | 16 | $-13,417,384 |
| Thomas Peter Kalmbach | EVP & CFO | July 30, 2026 M | 50,568 | 0 | 13 | $-15,663,731 |
| Michael Clay Majors | EVP - Chief Strategy Officer | July 29, 2026 M | 53,518 | 0 | 9 | $-16,245,966 |
| Dolores L Skarjune | EVP and Chief Admin. Officer | June 30, 2026 M | 13,697 | 0 | 7 | $-2,362,151 |
| Rebecca E Zorn | EVP & Chief Talent Officer | June 18, 2026 M | 17,797 | 0 | 4 | $-1,542,361 |
| Michael Shane Henrie | SVP & Chief Accounting Officer | May 6, 2026 M | 3,449 | 0 | 6 | $-1,769,350 |
| Robert Edward Hensley | EVP & Chief Investment Officer | March 2, 2026 S | 12,384 | 0 | 2 | $-474,132 |
| Christopher Kyle Tyler | EVP and Chief Info Officer | Feb. 27, 2026 A | 9,874 | 0 | 0 | $0 |
| Jennifer Allison Haworth | EVP & Chief Marketing Officer | Feb. 27, 2026 M | 21,795 | 0 | 5 | $-2,956,883 |
| Robert Sweeney | EVP, Underwriting & Sales Adm. | Feb. 27, 2026 A | 906 | 0 | 0 | $0 |
| Larry M Hutchison | Co-Chaiman | Feb. 27, 2023 M | 750,863 | 0 | 0 | $0 |
| Gary L Coleman | Co-Chairman | Feb. 27, 2023 M | 637,079 | 0 | 0 | $0 |
| Christopher Todd Moore | Corp.SVP, Assoc.Counsel & Sec | April 22, 2022 M | 0 | 0 | 0 | $0 |
| James Eric Mcpartland | EVP &Chief Information Officer | Feb. 23, 2022 F | 25,736 | 0 | 0 | $0 |
| Carol A Mccoy | VP, Assoc. Counsel & Corp. Sec | June 10, 2019 M | 95,043 | 0 | 0 | $0 |
| Arvelia Bowie | VP & Dir. of Human Resources | July 28, 2017 M | 1,066 | 0 | 0 | $0 |
| Spencer H Stone | Controller | May 21, 2015 M | 42,148 | 0 | 0 | $0 |
| Danny H Almond | VP & Chief Accounting Officer | Feb. 12, 2013 M | 6,600 | 0 | 0 | $0 |
| Rosemary J Montgomery | EVP & Chief Actuary | Nov. 10, 2010 S | 68,465 | 0 | 0 | $0 |
| Joyce L Lane | VP, Investor Relations | Feb. 26, 2008 A | 4,000 | 0 | 0 | $0 |
| Michael J Klyce | VP & Treasurer | March 21, 2007 M | 15,393 | 0 | 0 | $0 |
| Tony G Brill | Executive Vice President | Feb. 9, 2007 M | 102,252 | 0 | 0 | $0 |
| Russell B Tucker | Former EVP & Chief Inv. Off. | June 15, 2006 P | 4,000 | 0 | 0 | $0 |
| Charles B Hudson | Chairman | Jan. 6, 2006 G | 638,201 | 0 | 0 | $0 |
| Cheryl Alston | Director | June 25, 2026 M | 16,621 | 0 | 4 | $-1,480,139 |
| Sandra L. Phillips | Director | March 20, 2026 A | 1,174 | 0 | 0 | $0 |
| Derek T. Kan | Director | March 18, 2026 A | — | 0 | 0 | $0 |
| Mark A Blinn | Director | Feb. 6, 2026 S | 3,372 | 1 | 2 | $-445,022 |
| Matthew J Adams | Director | Jan. 2, 2026 A | 2,558 | 0 | 0 | $0 |
| Philip M Jacobs | Director | Jan. 2, 2026 A | 2,563 | 0 | 0 | $0 |
| Alice S Cho | Director | Jan. 2, 2026 A | 5,877 | 0 | 0 | $0 |
| Linda Addison | Director | Jan. 2, 2026 A | 20,406 | 0 | 0 | $0 |
| Mary E Thigpen | Director | Jan. 2, 2026 A | 18,747 | 0 | 0 | $0 |
| David A Rodriguez | Director | Jan. 2, 2026 A | 7,226 | 0 | 0 | $0 |
| Marilyn A Alexander | Director | Jan. 2, 2026 A | 22,607 | 0 | 0 | $0 |
| James Brannen | Director | Jan. 2, 2026 A | 10,103 | 0 | 0 | $0 |
| Steven Paul Johnson | Director | Jan. 2, 2025 A | 2,509 | 0 | 0 | $0 |
| Melissa Jane Buchan | Director | Jan. 2, 2024 A | 80,285 | 0 | 0 | $0 |
| Charles E Adair | Director | April 27, 2022 M | 7,699 | 0 | 0 | $0 |
| Lamar C Smith | Director | Jan. 2, 2019 A | 67,888 | 0 | 0 | $0 |
| David L Boren | Director | Jan. 3, 2017 A | 15,044 | 0 | 0 | $0 |
| Mark S Mcandrew | Director | May 27, 2014 M | 189 | 0 | 0 | $0 |
| Wesley David Protheroe | Director | March 26, 2013 D | 0 | 0 | 0 | $0 |
| Sam R Perry | Director | Jan. 2, 2013 A | 16,865 | 0 | 0 | $0 |
| Joseph L Lanier JR | Director | April 29, 2010 D | 36,083 | 0 | 0 | $0 |
| Harold T Mccormick | Director | Oct. 15, 2007 D | 0 | 0 | 0 | $0 |
| Joseph J Farley | Director | May 16, 2006 M | 87,923 | 0 | 0 | $0 |
| Louis T Hagopian | Director | Aug. 15, 2003 G | 60,360 | 0 | 0 | $0 |
| Robert Brian Mitchell | — | Aug. 7, 2026 M | 7,981 | 0 | 7 | $-16,529,482 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 131 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 |
|---|---|---|---|---|
| YOKE · EA Series Trust | 1.53% | 22,327 NS | April 30, 2026 | N-PORT |
| WBIF · Absolute Shares Trust | 1.48% | 1,942 NS | June 30, 2026 | N-PORT |
| PSET · Principal Exchange-Traded Funds | 1.36% | 2,193 NS | June 30, 2026 | N-PORT |
| FXO · First Trust Exchange-Traded AlphaDE… | 1.32% | 91,609 NS | April 30, 2026 | N-PORT |
| HUSV · First Trust Exchange-Traded Fund III | 0.79% | 3,697 NS | April 30, 2026 | N-PORT |
| HWSM · HOTCHKIS & WILEY FUNDS /DE/ | 0.66% | 102 NS | June 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.53% | 5,575 NS | May 31, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.52% | 17,928 NS | April 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.51% | 10,476 NS | April 30, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.47% | 6,570 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.45% | 402,011 NS | April 30, 2026 | N-PORT |
| AFLG · First Trust Exchange-Traded Fund VI… | 0.39% | 16,505 NS | May 31, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.34% | 13,708 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.32% | 26,517 NS | April 30, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.31% | 12,464 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.30% | 26,149 NS | April 30, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.25% | 38,767 NS | April 30, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.25% | 206,985 NS | May 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 32,195 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.24% | 10,246 NS | May 31, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.23% | 215,508 NS | May 31, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.21% | 3,784 NS | May 29, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.18% | 163,729 NS | April 30, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.16% | 4,244 NS | May 31, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.15% | 100 NS | May 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.15% | 21,354 NS | April 30, 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 20,014 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.14% | 1,262 NS | April 30, 2026 | N-PORT |
| SPVU · Invesco Exchange-Traded Fund Trust … | 0.12% | 1,052 NS | May 31, 2026 | N-PORT |
| FAS · Direxion Shares ETF Trust | 0.12% | 15,228 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.12% | 15,708 NS | April 30, 2026 | N-PORT |
| UYG · ProShares Trust | 0.11% | 4,908 NS | May 31, 2026 | N-PORT |
| PALC · Pacer Funds Trust | 0.10% | 1,454 NS | April 30, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.09% | 2,808 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.08% | 1,986 NS | April 30, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.07% | 66,510 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.07% | 9,470 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.07% | 3,301 NS | May 31, 2026 | N-PORT |
| AVLC · AMERICAN CENTURY ETF TRUST | 0.06% | 5,281 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.06% | 54,737 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.06% | 10,774 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.04% | 122,861 NS | April 30, 2026 | N-PORT |
| SCHV · SCHWAB STRATEGIC TRUST | 0.04% | 39,930 NS | May 31, 2026 | N-PORT |
| GVUS · Goldman Sachs ETF Trust | 0.04% | 993 NS | May 31, 2026 | N-PORT |
| SPXD · DBX ETF Trust | 0.04% | 16 NS | May 31, 2026 | N-PORT |
| QRFT · Exchange Listed Funds Trust | 0.03% | 30 NS | April 30, 2026 | N-PORT |
| SPXT · ProShares Trust | 0.03% | 533 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.02% | 18,062 NS | April 30, 2026 | N-PORT |
| FNDX · SCHWAB STRATEGIC TRUST | 0.02% | 39,477 NS | May 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.02% | 8,454 NS | April 30, 2026 | N-PORT |