IEX IDEX Corporation Common Stock
$234.37
Price · Aug 24, 2026
Fundamentals as of Jul 29, 2026
52W Range
$158–$244
89% of range
Analyst Rating
HOLD
20 analysts
Price Target
$254
+9% upside
P/E (TTM)
36.6
ROE
12.3%
Net Profit Margin
14.0%
About IDEX Corporation Common Stock Company overview from Wikipedia
IDEX Corporation is a global industrial company based in Northbrook, Illinois. IDEX develops, designs, and manufactures fluidics systems, optics systems, fire and rescue equipment, and other specialty engineered products. As of February 2025, IDEX operated in approximately 20 countries and had approximately employed 9,000 employees. The company is publicly traded and a component of the S&P 500 index.
Read more
IDEX Corporation is a global industrial company based in Northbrook, Illinois. IDEX develops, designs, and manufactures fluidics systems, optics systems, fire and rescue equipment, and other specialty engineered products. As of February 2025, IDEX operated in approximately 20 countries and had approximately employed 9,000 employees. The company is publicly traded and a component of the S&P 500 index.
History
IDEX was formed in 1988, when Kohlberg Kravis Roberts purchased several divisions of Houdaille Industries, which had recently been sold by KKR to Tube Instruments. Its first chairman and CEO was Donald N. Boyce. The company raised $3.3 million with its initial public offering in June 1989.
In May 1994, IDEX reached an agreement to acquire Hale Products, Inc., of Conshohocken, Pa., for $90 million. Hale sells fire-trucks, portable pumps, ventilation systems, and is part of IDEX's fire and safety division, which includes the Hurst "Jaws of Life". By 1996, IDEX had acquired ten other companies and its annual revenue was approximately $562 million.
In January 1998, IDEX agreed to buy Gast Manufacturing of Benton Harbor, Michigan, for $118 million. Gast manufactures compressors, vacuum pumps, air motors and other products. The following year, the company's original CEO Donald Boyce stepped down from his position. IDEX COO Frank Hansen took over as chief executive.
In 2011, Andrew Silvernail took over as CEO and chairman.
In 2011, IDEX acquired Microfluidics International, a company that designs and manufactures equipment that used to produce nanoparticles. This acquisition supported IDEX's existing work in pharmaceutical research and production.
In June 2018, IDEX Corporation announced its acquisition of Phantom Controls, a company that manufactures pump systems.
In March 2021, IDEX announced that it was acquiring Abel Pumps LP, a manufacturer of reciprocating positive displacement pumps used in mining, marine, and power industries. The following month, IDEX announced it had agreed to acquire Airtech Group, Inc. and US Valve Corporation. Airtech is a manufacturer of pressure technology products such as pumps and compressor systems and valves.
In September 2022, IDEX announced that it would acquire the Netherlands-based micro-precision technology conglomerate Muon Group, and that Muon's several subsidiaries, such as LouwersHanique and Millux, would be incorporated into IDEX's health and science technologies segment. In July 2024, IDEX announced that it would soon purchase Mott Corp, a filtration products manufacturer, to further bolster the company's health and science technologies segment.
Finance
The key financial trends for IDEX Corporation are based on fiscal years ending December 31:
In Q1 2025, IDEX beat Wall Street earnings and revenue estimates, reporting revenue of US $814.3 million and adjusted EPS of $1.75, citing strong demand in its Health & Science Technologies segment.
For Q2 2025, the company posted revenue of US $865.4 million (up 7.2% YoY) and EPS of $2.07, outperforming forecasts, though it lowered full-year adjusted EPS guidance to a range of $7.85–$7.95 due to softening demand trends.
Operations
IDEX's name is an acronym for "Innovation, Diversity, and Excellence." The company is composed of more than 50 largely decentralized businesses that operate as subsidiaries. It operates in approximately 20 countries and its business is organized into three segments: Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety and Diversified products.
IDEX is headquartered in Northbrook, Illinois. Its CEO is Eric Ashleman. As of February 2025, it employs approximately 9,000 people. The company is publicly traded on the New York Stock Exchange and is included in the S&P 500.
Products
IDEX manufactures industrial equipment and components for diversified markets, including the agricultural, pharmaceutical, semiconductor, and fire safety sectors. Its products include fluid-handling apparatuses like pumps, valves, and flow meters. It also makes air compressors, optical filters, hydraulic rescue tools, and fire suppression equipment.
== References ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
IEX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$234.37
Market Cap
$21.12B
P/E (TTM)
36.6
EPS (TTM)
$6.41
Revenue (TTM)
$3.46B
Div Yield
1.0%
ROE
12.3%
Debt/Equity
0.5
52W Range
$158 – $244
IEX 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
$3.46B
2016-12-31
→
2025-12-31
EPS
$6.41
2016-12-31
→
2025-12-31
Free Cash Flow
$617M
2016-12-31
→
2025-12-31
Margins
14.0%
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
IEX
Peer Median
P/E (TTM)
36.6
33.4
P/S (TTM)
6.1
4.3
P/B
5.2
3.5
EV / EBITDA
32.0
—
Price / FCF
34.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
IEX
Peer Median
Gross Margin
44.5%
40.9%
Operating Margin
20.2%
—
Net Profit Margin
14.0%
14.7%
ROA
7.1%
8.1%
ROE
12.3%
15.1%
ROIC
9.1%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
IEX
Peer Median
Debt / Equity
0.5
—
Current Ratio
2.9
1.8
Quick Ratio
1.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
IEX
Peer Median
Revenue YoY
5.8%
—
Revenue CAGR 3Y
2.8%
—
Revenue CAGR 5Y
8.0%
—
EPS YoY
-3.5%
—
Net Income YoY
-4.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
IEX
Peer Median
Payout Ratio
44.0%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
1.0%
Payout Ratio
44.0%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| July 6, 2026 | $0.7300 |
| May 22, 2026 | $0.7300 |
| Jan. 16, 2026 | $0.7100 |
| Oct. 10, 2025 | $0.7100 |
| July 11, 2025 | $0.7100 |
| May 19, 2025 | $0.7100 |
| Jan. 17, 2025 | $0.6900 |
| Oct. 11, 2024 | $0.6900 |
| July 12, 2024 | $0.6900 |
| May 16, 2024 | $0.6900 |
| Jan. 11, 2024 | $0.6400 |
| Oct. 12, 2023 | $0.6400 |
| July 13, 2023 | $0.6400 |
| June 8, 2023 | $0.6400 |
| Jan. 12, 2023 | $0.6000 |
| Oct. 13, 2022 | $0.6000 |
| July 14, 2022 | $0.6000 |
| May 16, 2022 | $0.6000 |
| Jan. 13, 2022 | $0.5400 |
| Oct. 14, 2021 | $0.5400 |
IEX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
20 analysts
- Strong Buy 6 30.0%
- Buy 6 30.0%
- Hold 8 40.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
14 analysts · 2026-08-24
Median
$258.00
Now
$234.37
Low
$215.00
High
$280.00
Median target
$258.00
+10.1%
Mean target
$254.50
+8.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.11%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $2.32 | $2.13 | 0.19% |
| March 31, 2026 | $2.00 | $1.79 | 0.21% |
| Dec. 31, 2025 | $2.10 | $2.06 | 0.04% |
| Sept. 30, 2025 | $2.03 | $1.95 | 0.08% |
| June 30, 2025 | $2.07 | $2.01 | 0.06% |
| March 31, 2025 | $1.75 | $1.65 | 0.10% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| IEX | $16.03B | 27.8 | 5.8% | 14.0% | 12.3% | 44.5% |
| SYM | $30.81B | -325.9 | 25.7% | -0.75% | -8.1% | 18.8% |
| SNA | — | 18.3 | 0.93% | 19.7% | 18.0% | — |
| NDSN | $12.97B | 27.3 | 3.8% | 17.3% | 16.1% | — |
| ITT | — | 28.4 | 8.5% | 12.4% | 14.2% | 35.4% |
| FTV | $17.30B | 31.9 | 1.9% | 13.9% | 7.0% | 63.5% |
| RBC | $17.42B | 58.6 | 14.3% | 15.4% | 8.8% | 44.4% |
| LECO | $13.14B | 25.7 | 5.6% | 12.3% | 36.5% | 36.2% |
| SWK | $11.86B | 28.9 | -1.5% | 2.7% | 4.4% | — |
| MLI | $13.13B | 17.2 | 10.9% | 18.3% | 25.6% | — |
| GGG | $13.77B | 27.1 | 5.8% | 23.3% | 20.2% | 52.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.46B | $3.27B | $3.27B | $3.18B | $2.76B | $2.35B | $2.49B | $2.48B | $2.29B | $2.11B | $2.02B | $2.15B | |
| Cost of Revenue | $1.92B | $1.82B | $1.83B | $1.75B | $1.54B | $1.32B | $1.37B | $1.37B | $1.26B | $1.18B | $1.12B | $1.20B | |
| Gross Profit | $1.54B | $1.45B | $1.45B | $1.43B | $1.22B | $1.03B | $1.12B | $1.12B | $1.03B | $931M | $904M | $949M | |
| R&D Expense | $70M | $67M | $68M | $61M | $50M | $48M | $56M | $48M | $42M | $39M | $34M | $37M | |
| SG&A Expense | $819M | $759M | $704M | $653M | $578M | $495M | $525M | $537M | $525M | $492M | $474M | $504M | |
| Operating Income | $699M | $677M | $732M | $751M | $637M | $521M | $579M | $569M | $503M | $412M | $437M | $431M | |
| Interest Expense | · | · | $52M | $41M | $41M | $45M | $44M | $44M | $45M | $46M | $42M | $42M | |
| Other Non-op | $-2M | $3M | $-5M | $4M | $-16M | $-6M | $-2M | $4M | $-2M | $2M | $-3M | $3M | |
| Pretax Income | $633M | $639M | $760M | $749M | $580M | $470M | $533M | $529M | $455M | $369M | $392M | $392M | |
| Income Tax | $150M | $135M | $165M | $163M | $130M | $92M | $107M | $118M | $118M | $97M | $110M | $113M | |
| Net Income | $483M | $505M | $596M | $587M | $449M | $378M | $426M | $411M | $337M | $271M | $283M | $279M | |
| EPS (Basic) | $6.41 | $6.66 | $7.87 | $7.74 | $5.91 | $4.98 | $5.62 | $5.36 | $4.41 | $3.57 | $3.65 | $3.48 | |
| EPS (Diluted) | $6.41 | $6.64 | $7.85 | $7.71 | $5.88 | $4.94 | $5.56 | $5.29 | $4.36 | $3.53 | $3.62 | $3.45 | |
| Shares (Basic) | 75,300,000 | 75,700,000 | 75,600,000 | 75,700,000 | 76,000,000 | 75,700,000 | 75,600,000 | 76,412,000 | 76,232,000 | 75,803,000 | 77,126,000 | 79,715,000 | |
| Shares (Diluted) | 75,300,000 | 75,900,000 | 75,900,000 | 76,000,000 | 76,400,000 | 76,400,000 | 76,500,000 | 77,563,000 | 77,333,000 | 76,758,000 | 77,972,000 | 80,728,000 | |
| EBITDA | $699M | $677M | $885M | $871M | $740M | $604M | $656M | $647M | $587M | $493M | $510M | $508M |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $580M | $621M | $534M | $430M | $855M | $1.03B | $633M | $466M | $376M | $236M | $328M | $509M | |
| Receivables | $512M | $461M | $419M | $431M | $355M | $288M | $298M | $314M | $294M | $273M | $260M | $256M | |
| Inventory | $479M | $430M | $421M | $471M | $370M | $290M | $293M | $280M | $260M | $253M | $239M | $238M | |
| Other Current Assets | $62M | $76M | $63M | $55M | $96M | $48M | $37M | $34M | $74M | $61M | $36M | $73M | |
| Current Assets | $1.64B | $1.59B | $1.45B | $1.40B | $1.68B | $1.66B | $1.26B | $1.09B | $1.00B | $823M | $863M | $1.08B | |
| PP&E (Net) | $468M | $460M | $430M | $382M | $327M | $298M | $280M | $281M | $258M | $248M | $241M | $220M | |
| PP&E (Gross) | $1.12B | $1.05B | $976M | $899M | $832M | $781M | $737M | $715M | $676M | $641M | $634M | $604M | |
| Accum. Depreciation | $654M | $590M | $546M | $517M | $505M | $482M | $457M | $434M | $418M | $393M | $393M | $384M | |
| Goodwill | $3.41B | $3.25B | $2.84B | $2.64B | $2.17B | $1.90B | $1.78B | $1.70B | $1.70B | $1.63B | $1.40B | $1.32B | |
| Intangibles | $1.25B | $1.28B | $1.01B | $948M | $597M | $416M | $388M | $383M | $415M | $436M | $288M | $271M | |
| Other Non-current Assets | $154M | $156M | $138M | $145M | $147M | $148M | $104M | $19M | $18M | $16M | $17M | $16M | |
| Total Assets | $6.93B | $6.75B | $5.87B | $5.51B | $4.92B | $4.41B | $3.81B | $3.47B | $3.40B | $3.15B | $2.81B | $2.90B | |
| Accrued Liabilities | $297M | $279M | $272M | $289M | $260M | $209M | $180M | $188M | $185M | $153M | $154M | $163M | |
| Short-term Debt | · | · | · | · | $0 | $100.0K | $388.0K | $483.0K | $258.0K | $1M | $1M | $99M | |
| Current Liabilities | $575M | $630M | $500M | $544M | $480M | $399M | $358M | $365M | $361M | $309M | $310M | $412M | |
| Capital Leases | $94M | $102M | $98M | $97M | $93M | $94M | $70M | $0 | · | · | · | · | |
| Deferred Tax | $303M | $267M | $292M | $264M | $196M | $164M | $147M | $128M | $138M | $166M | $110M | $130M | |
| Other Non-current Liabilities | $202M | $195M | $207M | $196M | $247M | $267M | $197M | $138M | $156M | $121M | $102M | $114M | |
| Total Liabilities | $2.90B | $2.95B | $2.32B | $2.47B | $2.11B | $1.87B | $1.55B | $1.48B | $1.51B | $1.61B | $1.36B | $1.42B | |
| Long-term Debt | $1.83B | $1.97B | $1.33B | $1.48B | $1.20B | $1.05B | $851M | $851M | $862M | $1.02B | $847M | $866M | |
| Total Debt | $1.82B | $1.96B | $1.33B | $1.47B | $1.19B | $1.04B | $850M | $849M | $859M | $1.02B | $842M | $963M | |
| Common Stock | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $899.0K | $901.0K | $902.0K | $902.0K | $902.0K | $898.0K | |
| Retained Earnings | $4.50B | $4.23B | $3.93B | $3.53B | $3.13B | $2.84B | $2.62B | $2.34B | $2.06B | $1.83B | $1.67B | $1.48B | |
| Treasury Stock | $1.42B | $1.17B | $1.19B | $1.18B | $1.05B | $1.06B | $986M | $957M | $800M | $787M | $757M | $554M | |
| AOCI | $58M | $-131M | $-46M | $-126M | $-70M | $-14M | $-127M | $-129M | $-90M | $-202M | $-146M | $-92M | |
| Stockholders' Equity | $4.03B | $3.79B | $3.54B | $3.04B | $2.80B | $2.54B | $2.26B | $1.99B | $1.89B | $1.54B | $1.44B | $1.49B | |
| Liabilities + Equity | $6.93B | $6.75B | $5.87B | $5.51B | $4.92B | $4.41B | $3.81B | $3.47B | $3.40B | $3.15B | $2.81B | $2.90B | |
| Shares Outstanding | 90,100,000 | 90,100,000 | 90,100,000 | 90,100,000 | 90,100,000 | · | · | · | · | · | · | · |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | $152M | $120M | $103M | $84M | $77M | $78M | $84M | $87M | $78M | $77M | |
| Stock-based Comp | $27M | $26M | $22M | $22M | $20M | $15M | $22M | $25M | $24M | $20M | $20M | $21M | |
| Deferred Tax | $13M | $-19M | $-15M | $-18M | $-6M | $8M | $7M | $-4M | $-34M | $-17M | $-339.0K | $-9M | |
| Amort. of Intangibles | $131M | $107M | $95M | $69M | $56M | $42M | $37M | $38M | $46M | $49M | $42M | $43M | |
| Restructuring | $20M | $9M | $10M | $5M | $8M | $9M | $21M | $12M | $8M | $4M | $11M | $14M | |
| Other Non-cash | · | · | $-39M | $-152M | $-1M | $80M | $-9M | $-29M | $21M | $39M | $-20M | $-456.0K | |
| Operating Cash Flow | $680M | $668M | $717M | $557M | $565M | $569M | $528M | $479M | $433M | $400M | $360M | $368M | |
| CapEx | $64M | $65M | $90M | $68M | $73M | $52M | $51M | $56M | $44M | $38M | $44M | $48M | |
| Investing Cash Flow | $-138M | $-1.01B | $-284M | $-917M | $-698M | $-173M | $-137M | $-81M | $-55M | $-509M | $-210M | $-72M | |
| Debt Issued | $0 | $497M | $100M | $200M | $499M | $499M | $0 | · | · | · | · | · | |
| Net Debt Issued | $-100M | $447M | $-150M | $200M | $149M | · | · | · | · | · | · | · | |
| Stock Repurchased | $248M | $0 | $24M | $148M | $0 | $110M | $55M | $174M | $29M | $57M | $211M | $220M | |
| Net Stock Activity | $-248M | $0 | $-24M | $-148M | $0 | $-110M | $-55M | $-174M | $-29M | $-57M | $-211M | $-220M | |
| Dividends Paid | $213M | $205M | $191M | $177M | $161M | $152M | $147M | $127M | $111M | $103M | $96M | $86M | |
| Financing Cash Flow | $-633M | $466M | $-345M | $-38M | $-10M | $-43M | $-228M | $-290M | $-277M | $47M | $-296M | $-184M | |
| Net Change in Cash | $-53M | $105M | $104M | $-425M | $-170M | $393M | $166M | $90M | $140M | $-92M | $-181M | $70M | |
| Taxes Paid | $135M | $171M | $200M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $617M | $603M | $627M | $489M | $493M | $518M | $477M | $423M | $389M | $362M | $317M | $320M | |
| Levered FCF | · | · | $586M | $458M | $461M | $482M | $442M | $389M | $356M | $328M | $287M | $290M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.5% | 44.2% | 44.2% | 44.8% | 44.3% | 43.7% | 45.1% | 45.0% | 44.9% | 44.0% | 44.8% | 44.2% | |
| Operating Margin | 20.2% | 20.7% | 22.4% | 23.6% | 23.0% | 22.1% | 23.2% | 22.9% | 22.0% | 19.2% | 21.4% | 20.1% | |
| Net Margin | 14.0% | 15.4% | 18.2% | 18.4% | 16.2% | 16.1% | 17.1% | 16.5% | 14.7% | 12.8% | 14.0% | 13.0% | |
| Pretax Margin | 18.3% | 19.6% | 23.2% | 23.5% | 21.0% | 20.0% | 21.4% | 21.3% | 19.9% | 17.4% | 19.4% | 18.3% | |
| EBITDA Margin | 20.2% | 20.7% | 27.0% | 27.4% | 26.8% | 25.7% | 26.3% | 26.0% | 25.7% | 23.3% | 25.2% | 23.7% | |
| ROA | 7.1% | 8.0% | 10.5% | 11.3% | 9.6% | 9.2% | 11.7% | 11.9% | 10.3% | 9.1% | 9.9% | 9.7% | |
| ROE | 12.3% | 13.8% | 18.1% | 20.1% | 16.8% | 15.3% | 19.2% | 20.2% | 19.7% | 18.1% | 19.3% | 18.3% | |
| ROIC | 9.1% | 9.3% | 11.8% | 13.1% | 12.4% | 11.7% | 14.8% | 15.5% | 13.6% | 11.7% | 13.6% | 12.5% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.9 | 2.5 | 2.9 | 2.6 | 3.5 | 4.2 | 3.5 | 3.0 | 2.8 | 2.7 | 2.8 | 2.6 | |
| Quick Ratio | 1.9 | 1.7 | 1.9 | 1.6 | 2.5 | 3.3 | 2.6 | 2.1 | 1.9 | 1.6 | 1.9 | 1.9 | |
| Debt / Equity | 0.5 | 0.5 | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.7 | 0.6 | 0.6 | |
| LT Debt / Equity | 0.5 | 0.5 | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.7 | 0.6 | 0.5 | |
| Interest Coverage | · | · | 14.2 | 18.5 | 15.5 | 11.6 | 13.1 | 12.9 | 11.2 | 8.9 | 10.4 | 10.3 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | |
| Inventory Turnover | 4.2 | 4.3 | 4.1 | 4.2 | 4.7 | 4.5 | 4.8 | 5.1 | 4.9 | 4.8 | 4.7 | 5.1 | |
| Receivables Turnover | 7.1 | 7.4 | 7.7 | 8.1 | 8.6 | 8.0 | 8.2 | 7.9 | 8.1 | 7.9 | 7.8 | 8.4 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 5.8% | -0.16% | 2.9% | 15.1% | 17.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 2.8% | 5.7% | 11.7% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 8.0% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -3.5% | -15.4% | 1.8% | 31.1% | 19.0% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -6.0% | 4.1% | 16.7% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 5.3% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -4.3% | -15.3% | 1.6% | 30.6% | 18.9% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -6.3% | 4.0% | 16.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 5.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 7.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.46B | $3.27B | $3.27B | $3.18B | $2.76B | $2.35B | $2.49B | $2.48B | $2.29B | $2.11B | $2.02B | $2.15B | |
| Net Income TTM | $483M | $505M | $596M | $587M | $449M | $378M | $426M | $411M | $337M | $271M | $283M | $279M | |
| Market Cap | $16.03B | $18.86B | · | · | · | · | · | · | · | · | · | · | |
| Enterprise Value | $17.27B | $20.20B | · | · | · | · | · | · | · | · | · | · | |
| P/E | 27.8 | 31.5 | 27.7 | 29.6 | 40.2 | 40.3 | 30.9 | 23.9 | 30.3 | 25.5 | 21.2 | 22.6 | |
| P/S | 4.6 | 5.8 | · | · | · | · | · | · | · | · | · | · | |
| P/B | 4.0 | 5.0 | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 23.6 | 28.2 | · | · | · | · | · | · | · | · | · | · | |
| P / FCF | 26.0 | 31.3 | · | · | · | · | · | · | · | · | · | · | |
| EV / EBITDA | 24.7 | 29.8 | · | · | · | · | · | · | · | · | · | · | |
| EV / FCF | 28.0 | 33.5 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 5.0 | 6.2 | · | · | · | · | · | · | · | · | · | · | |
| Dividend Yield | 1.3% | 1.1% | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 3.6% | 3.2% | 3.6% | 3.4% | 2.5% | 2.5% | 3.2% | 4.2% | 3.3% | 3.9% | 4.7% | 4.4% | |
| Payout Ratio | 44.0% | 40.6% | 32.0% | 30.2% | 35.9% | 40.2% | 34.6% | 31.1% | 33.0% | 37.9% | 34.0% | 30.7% | |
| Annual Payout | $213M | $205M | $191M | $177M | $161M | $152M | $147M | $127M | $111M | $103M | $96M | $86M |
Income Statement 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 | $921M | $887M | $899M | $879M | $865M | $814M | $863M | $798M | $807M | $800M | $789M | $793M | $846M | $845M | $811M | $824M | |
| Cost of Revenue | $494M | $489M | $512M | $488M | $473M | $445M | $496M | $444M | $440M | $443M | $452M | $444M | $468M | $463M | $465M | $442M | |
| Gross Profit | $427M | $398M | $387M | $391M | $392M | $369M | $367M | $354M | $367M | $357M | $337M | $350M | $378M | $382M | $346M | $382M | |
| SG&A Expense | $224M | $218M | $201M | $205M | $204M | $209M | $198M | $183M | $183M | $195M | $174M | $166M | $174M | $190M | $169M | $162M | |
| Operating Income | $200M | $172M | $184M | $186M | $188M | $142M | $165M | $168M | $183M | $161M | $160M | $180M | $200M | $192M | $175M | $202M | |
| Interest Expense | · | · | · | · | · | · | · | · | $8M | $9M | · | $14M | $13M | $13M | · | $10M | |
| Other Non-op | $1M | $600.0K | $300.0K | $1M | $-2M | $-1M | $3M | $-3M | $0 | $3M | $400.0K | $2M | $-8M | $600.0K | $600.0K | $1M | |
| Pretax Income | $186M | $157M | $168M | $170M | $170M | $124M | $151M | $154M | $179M | $154M | $140M | $262M | $178M | $180M | $164M | $228M | |
| Income Tax | $43M | $37M | $39M | $43M | $39M | $29M | $28M | $36M | $38M | $33M | $32M | $53M | $40M | $40M | $34M | $50M | |
| Net Income | $143M | $120M | $128M | $128M | $132M | $96M | $123M | $119M | $141M | $121M | $109M | $209M | $139M | $140M | $130M | $179M | |
| EPS (Basic) | $1.94 | $1.61 | $1.71 | $1.70 | $1.74 | $1.26 | $1.63 | $1.57 | $1.86 | $1.60 | $1.43 | $2.76 | $1.83 | $1.85 | $1.71 | $2.37 | |
| EPS (Diluted) | $1.93 | $1.61 | $1.71 | $1.70 | $1.74 | $1.26 | $1.61 | $1.57 | $1.86 | $1.60 | $1.44 | $2.75 | $1.82 | $1.84 | $1.71 | $2.36 | |
| Shares (Basic) | 74,000,000 | 74,300,000 | -151,000,000 | 75,100,000 | 75,500,000 | 75,700,000 | -151,400,000 | 75,700,000 | 75,700,000 | 75,700,000 | -151,200,000 | 75,600,000 | 75,600,000 | 75,600,000 | -151,600,000 | 75,400,000 | |
| Shares (Diluted) | 74,200,000 | 74,400,000 | -151,200,000 | 75,200,000 | 75,500,000 | 75,800,000 | -151,800,000 | 75,900,000 | 75,900,000 | 75,900,000 | -151,800,000 | 75,900,000 | 75,900,000 | 75,900,000 | -152,300,000 | 75,800,000 | |
| EBITDA | $200M | $172M | · | $186M | $188M | $142M | · | $212M | $223M | $177M | · | $180M | $200M | $205M | · | $202M |
Balance Sheet 27
| 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 | $621M | $586M | $580M | $594M | $568M | $594M | $621M | $633M | $701M | $616M | · | $563M | $457M | $511M | · | $681M | |
| Receivables | $544M | $544M | $512M | $489M | $468M | $475M | $461M | $467M | $416M | $429M | · | $423M | $447M | $439M | · | $402M | |
| Inventory | $520M | $501M | $479M | $495M | $488M | $466M | $430M | $488M | $428M | $426M | · | $447M | $482M | $498M | · | $455M | |
| Other Current Assets | $84M | $76M | $62M | $66M | $84M | $84M | $76M | $81M | $75M | $74M | · | $78M | $93M | $70M | · | $93M | |
| Current Assets | $1.77B | $1.72B | $1.64B | $1.65B | $1.62B | $1.63B | $1.59B | $1.68B | $1.63B | $1.55B | · | $1.52B | $1.49B | $1.52B | · | $1.64B | |
| PP&E (Net) | $464M | $462M | $468M | $469M | $465M | $460M | $460M | $469M | $419M | $428M | · | $422M | $422M | $397M | · | $304M | |
| PP&E (Gross) | · | · | $1.12B | · | · | · | $1.05B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $686M | $671M | $654M | $653M | $640M | $612M | $590M | $596M | $565M | $556M | · | $540M | $539M | $528M | · | · | |
| Goodwill | $3.38B | $3.39B | $3.41B | $3.41B | $3.37B | $3.29B | $3.25B | $3.32B | $2.79B | $2.80B | $2.84B | $2.68B | $2.71B | $2.66B | $2.64B | $2.19B | |
| Intangibles | $1.16B | $1.20B | $1.25B | $1.28B | $1.27B | $1.27B | $1.28B | $1.35B | $931M | $969M | · | $920M | $957M | $934M | · | $629M | |
| Other Non-current Assets | $146M | $149M | $154M | $156M | $157M | $154M | $156M | $156M | $137M | $135M | · | $133M | $139M | $145M | · | $134M | |
| Total Assets | $6.93B | $6.92B | $6.93B | $6.97B | $6.88B | $6.80B | $6.75B | $6.97B | $5.90B | $5.89B | · | $5.67B | $5.72B | $5.66B | · | $4.89B | |
| Accrued Liabilities | $294M | $281M | $297M | $302M | $271M | $275M | $279M | $301M | $252M | $274M | · | $262M | $248M | $276M | · | $265M | |
| Current Liabilities | $582M | $506M | $575M | $564M | $530M | $584M | $630M | $565M | $477M | $461M | · | $488M | $487M | $492M | · | $506M | |
| Capital Leases | · | · | $94M | · | · | · | $102M | · | · | · | · | $97M | $102M | $99M | · | $90M | |
| Deferred Tax | $298M | $300M | $303M | $288M | $283M | $273M | $267M | $301M | $281M | $286M | · | $279M | $286M | $267M | · | $186M | |
| Other Non-current Liabilities | $186M | $193M | $202M | $206M | $206M | $193M | $195M | $208M | $194M | $202M | · | $195M | $197M | $199M | · | $207M | |
| Total Liabilities | $2.92B | $2.87B | $2.90B | $2.96B | $2.87B | $2.89B | $2.95B | $3.15B | $2.25B | $2.27B | · | $2.28B | $2.44B | $2.43B | · | $2.09B | |
| Long-term Debt | $1.87B | $1.88B | $1.83B | $1.91B | $1.86B | $1.95B | $1.97B | $2.09B | $1.30B | $1.33B | · | $1.33B | $1.48B | $1.48B | · | $1.20B | |
| Total Debt | $1.86B | $1.87B | · | $1.90B | $1.85B | $1.94B | · | $2.08B | $1.30B | $1.32B | · | $1.32B | $1.47B | $1.47B | · | $1.19B | |
| Common Stock | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | · | $900.0K | $900.0K | $900.0K | · | $900.0K | |
| Retained Earnings | $4.66B | $4.62B | $4.50B | $4.42B | $4.35B | $4.33B | $4.23B | $4.16B | $4.09B | $4.06B | · | $3.87B | $3.71B | $3.67B | · | $3.45B | |
| Treasury Stock | $1.53B | $1.45B | $1.42B | $1.35B | $1.27B | $1.22B | $1.17B | $1.18B | $1.18B | $1.18B | · | $1.18B | $1.18B | $1.18B | · | $1.19B | |
| AOCI | $2M | $14M | $58M | $45M | $48M | $-77M | $-131M | $-25M | $-116M | $-110M | · | $-146M | $-88M | $-89M | · | $-264M | |
| Stockholders' Equity | $4.01B | $4.05B | $4.03B | $4.01B | $4.01B | $3.91B | $3.79B | $3.82B | $3.65B | $3.62B | · | $3.39B | $3.28B | $3.23B | · | $2.80B | |
| Liabilities + Equity | $6.93B | $6.92B | $6.93B | $6.97B | $6.88B | $6.80B | $6.75B | $6.97B | $5.90B | $5.89B | · | $5.67B | $5.72B | $5.66B | · | $4.89B | |
| Shares Outstanding | 90,100,000 | 90,100,000 | 90,100,000 | 90,100,000 | 90,100,000 | 90,100,000 | 90,100,000 | 90,100,000 | 90,100,000 | 90,100,000 | 90,100,000 | · | · | · | 90,100,000 | · |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | $44M | $40M | $16M | · | $38M | $38M | $13M | · | $12M | |
| Stock-based Comp | $6M | $16M | $4M | $5M | $5M | $14M | $5M | $4M | $4M | $12M | $3M | $2M | $4M | $13M | $5M | $3M | |
| Deferred Tax | $-700.0K | $-600.0K | $14M | $-3M | $700.0K | $900.0K | $-20M | $0 | $200.0K | $200.0K | $-13M | $-2M | $200.0K | $-200.0K | $-19M | $400.0K | |
| Amort. of Intangibles | $33M | $34M | $34M | $33M | $32M | $32M | $32M | $26M | $24M | $25M | $24M | $24M | $23M | $24M | $20M | $17M | |
| Restructuring | · | · | $2M | $0 | $0 | $18M | · | · | · | · | · | $4M | $3M | $500.0K | · | $900.0K | |
| Other Non-cash | · | · | · | · | · | · | · | · | · | $6M | · | · | · | $-17M | · | · | |
| Operating Cash Flow | $200M | $104M | $210M | $204M | $162M | $106M | $173M | $205M | $134M | $157M | $201M | $227M | $141M | $148M | $167M | $198M | |
| CapEx | $23M | $18M | $20M | $15M | $15M | $14M | $16M | $14M | $16M | $20M | $22M | $20M | $22M | $27M | $20M | $16M | |
| Investing Cash Flow | $-22M | $-20M | $-18M | $-96M | $-14M | $-10M | $-15M | $-1.00B | $32M | $-20M | $-194M | $87M | $-147M | $-29M | $-693M | $36M | |
| Debt Issued | · | · | $0 | · | · | · | $0 | $497M | · | · | $0 | $0 | · | · | $200M | $0 | |
| Stock Repurchased | $77M | $76M | $73M | $75M | $50M | $50M | $0 | $0 | $0 | $0 | $23M | $100.0K | $1M | $0 | $2M | $36M | |
| Net Stock Activity | · | $-76M | · | · | · | $-50M | · | · | · | · | · | · | · | $0 | · | · | |
| Dividends Paid | $54M | $53M | $53M | $54M | $54M | $52M | $52M | $52M | $52M | $48M | $48M | $48M | $48M | $46M | $45M | $45M | |
| Financing Cash Flow | $-139M | $-69M | $-208M | $-76M | $-216M | $-133M | $-141M | $725M | $-77M | $-41M | $-58M | $-195M | $-47M | $-45M | $237M | $-78M | |
| Net Change in Cash | $36M | $6M | $-14M | $30M | $-42M | $-27M | $-12M | $-49M | $84M | $82M | $-28M | $106M | $-54M | $80M | $-250M | $123M | |
| Free Cash Flow | · | $86M | · | · | · | $91M | · | · | · | $137M | · | · | · | $121M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $129M | · | · | · | $111M | · | · |
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 | 46.4% | 44.9% | · | 44.5% | 45.3% | 45.3% | · | 44.3% | 45.4% | 44.6% | · | 44.1% | 44.7% | 45.2% | · | 46.3% | |
| Operating Margin | 21.7% | 19.4% | · | 21.1% | 21.7% | 17.4% | · | 21.1% | 22.6% | 20.1% | · | 22.6% | 23.6% | 22.8% | · | 24.5% | |
| Net Margin | 15.6% | 13.5% | · | 14.5% | 15.2% | 11.7% | · | 14.9% | 17.5% | 15.2% | · | 26.4% | 16.4% | 16.5% | · | 21.7% | |
| Pretax Margin | 20.2% | 17.7% | · | 19.4% | 19.6% | 15.3% | · | 19.3% | 22.2% | 19.3% | · | 33.0% | 21.1% | 21.3% | · | 27.7% | |
| EBITDA Margin | 21.7% | 19.4% | · | 21.1% | 21.7% | 17.4% | · | 26.6% | 27.6% | 22.2% | · | 22.6% | 23.6% | 24.3% | · | 24.5% | |
| ROA | 2.1% | 1.8% | · | 1.8% | 2.1% | 1.5% | · | 1.9% | 2.4% | 2.1% | · | 4.0% | 2.6% | 2.6% | · | 3.7% | |
| ROE | 3.6% | 3.0% | · | 3.3% | 3.4% | 2.5% | · | 3.3% | 4.1% | 3.5% | · | 6.8% | 4.6% | 4.6% | · | 6.5% | |
| ROIC | 2.6% | 2.2% | · | 2.4% | 2.5% | 1.9% | · | 2.2% | 2.9% | 2.6% | · | 3.0% | 3.3% | 3.2% | · | 4.0% |
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 | 3.0 | 3.4 | · | 2.9 | 3.1 | 2.8 | · | 3.0 | 3.4 | 3.4 | · | 3.1 | 3.1 | 3.1 | · | 3.2 | |
| Quick Ratio | 2.0 | 2.2 | · | 1.9 | 2.0 | 1.8 | · | 1.9 | 2.3 | 2.3 | · | 2.0 | 1.9 | 1.9 | · | 2.1 | |
| Debt / Equity | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.5 | · | 0.4 | |
| LT Debt / Equity | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.5 | · | 0.4 | |
| Interest Coverage | · | · | · | · | · | · | · | · | 22.6 | 17.1 | · | 13.1 | 15.0 | 14.7 | · | 21.1 |
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 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Inventory Turnover | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.1 | |
| Receivables Turnover | 1.8 | 1.7 | · | 1.8 | 2.0 | 1.8 | · | 1.8 | 1.9 | 1.8 | · | 1.9 | 1.9 | 2.0 | · | 2.1 |
Valuation (TTM) 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 TTM | $3.55B | $3.45B | · | $3.36B | $3.29B | $3.22B | · | $3.20B | $3.25B | $3.29B | · | $3.31B | $3.31B | $3.22B | · | $3.08B | |
| Net Income TTM | $523M | $475M | · | $474M | $488M | $477M | · | $591M | $610M | $609M | · | $666M | $595M | $597M | · | $573M | |
| Market Cap | $20.45B | $17.08B | · | $14.66B | $15.82B | $16.31B | · | $19.33B | $18.13B | $21.99B | · | · | · | · | · | · | |
| Enterprise Value | $21.69B | $18.36B | · | $15.97B | $17.10B | $17.65B | · | $20.77B | $18.73B | $22.69B | · | · | · | · | · | · | |
| P/E | 32.5 | 30.0 | · | 26.0 | 27.3 | 28.8 | · | 27.6 | 25.1 | 30.5 | · | 23.7 | 27.5 | 29.5 | · | 26.6 | |
| P/S | 5.8 | 5.0 | · | 4.4 | 4.8 | 5.1 | · | 6.0 | 5.6 | 6.7 | · | · | · | · | · | · | |
| P/B | 5.1 | 4.2 | · | 3.7 | 3.9 | 4.2 | · | 5.1 | 5.0 | 6.1 | · | · | · | · | · | · | |
| P / Cash Flow | · | 164.7 | · | · | · | 154.3 | · | · | · | 140.4 | · | · | · | · | · | · | |
| P / FCF | · | 198.6 | · | · | · | 178.4 | · | · | · | 161.0 | · | · | · | · | · | · | |
| EV / EBITDA | 108.5 | 106.5 | · | 86.0 | 91.0 | 124.3 | · | 98.0 | 84.0 | 127.9 | · | · | · | · | · | · | |
| EV / FCF | · | 213.5 | · | · | · | 193.1 | · | · | · | 166.1 | · | · | · | · | · | · | |
| EV / Revenue | 6.1 | 5.3 | · | 4.8 | 5.2 | 5.5 | · | 6.5 | 5.8 | 6.9 | · | · | · | · | · | · | |
| Earnings Yield | 3.1% | 3.3% | · | 3.9% | 3.7% | 3.5% | · | 3.6% | 4.0% | 3.3% | · | 4.2% | 3.6% | 3.4% | · | 3.8% | |
| Payout Ratio | · | 44.0% | · | · | · | 54.9% | · | · | · | 40.0% | · | · | · | 32.6% | · | · |
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 | $3.46B | $3.27B | $3.27B | $3.18B | $2.76B |
| Gross Margin % | 44.5% | 44.2% | 44.2% | 44.8% | 44.3% |
| Operating Margin % | 20.2% | 20.7% | 22.4% | 23.6% | 23.0% |
| Net Income | $483M | $505M | $596M | $587M | $449M |
| Diluted EPS | $6.41 | $6.64 | $7.85 | $7.71 | $5.88 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.5 | 0.4 | 0.5 | 0.4 |
| Current Ratio | 2.9 | 2.5 | 2.9 | 2.6 | 3.5 |
| Quick Ratio | 1.9 | 1.7 | 1.9 | 1.6 | 2.5 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $617M | $603M | $627M | $489M | $493M |
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Institutional owners (13F) 731 filers · $11.8B 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 |
|---|---|---|---|---|
| 87 (-34 vs prior Q) | 67 (+14 vs prior Q) | 246 (+9 vs prior Q) | 203 (+13 vs prior Q) | +220K |
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 | $1,099,437,488 | 4,844,404 | 9.35% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $847,484,179 | 3,734,233 | 7.21% | Shares |
| STATE STREET CORP | $752,882,341 | 3,317,393 | 6.41% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $748,951,342 | 3,300,072 | 6.37% | Shares |
| MILLENNIUM MANAGEMENT LLC | $537,833,826 | 2,369,834 | 4.58% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $419,253,039 | 1,855,234 | 3.57% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $327,686,296 | 1,443,870 | 2.79% | Shares |
| Pictet Asset Management Holding SA | $285,605,987 | 1,258,476 | 2.43% | Shares |
| Alyeska Investment Group, L.P. | $236,641,446 | 1,042,703 | 2.01% | Shares |
| Impax Asset Management Group plc | $218,325,851 | 962,000 | 1.86% | Shares |
| NORGES BANK | $208,008,299 | 916,538 | 1.77% | Shares |
| Point72 Asset Management, L.P. | $205,602,175 | 905,936 | 1.75% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $203,298,633 | 895,786 | 1.73% | Shares |
| Balyasny Asset Management L.P. | $192,131,558 | 846,581 | 1.63% | Shares |
| Fenimore Asset Management Inc | $181,478,031 | 799,639 | 1.54% | Shares |
| Fisher Asset Management, LLC | $169,943,649 | 748,815 | 1.45% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $162,741,533 | 717,081 | 1.38% | Shares |
| CITADEL ADVISORS LLC | $160,310,218 | 706,368 | 1.36% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $156,062,378 | 687,651 | 1.33% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $155,150,282 | 683,632 | 1.32% | Shares |
| FLOSSBACH VON STORCH SE | $146,806,466 | 646,867 | 1.25% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $116,553,350 | 513,564 | 0.99% | Shares |
| TWO SIGMA INVESTMENTS, LP | $111,467,173 | 491,153 | 0.95% | Shares |
| FIRST TRUST ADVISORS LP | $111,462,871 | 491,135 | 0.95% | Shares |
| Freestone Grove Partners LP | $102,522,847 | 451,742 | 0.87% | Shares |
| SNYDER CAPITAL MANAGEMENT L P | $100,074,056 | 440,952 | 0.85% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $94,298,860 | 415,505 | 0.80% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $89,398,555 | 393,913 | 0.76% | Shares |
| Alecta Tjanstepension Omsesidigt | $86,066,805 | 379,500 | 0.73% | Shares |
| VANGUARD GROUP INC | $74,386,749 | 418,044 | 0.63% | Shares |
| Robeco Schweiz AG | $73,088,113 | 322,045 | 0.62% | Shares |
| Findlay Park Partners LLP | $72,918,808 | 321,299 | 0.62% | Shares |
| DEPRINCE RACE & ZOLLO INC | $68,790,134 | 303,107 | 0.59% | Shares |
| Schonfeld Strategic Advisors LLC | $66,184,744 | 291,627 | 0.56% | Shares |
| KING LUTHER CAPITAL MANAGEMENT CORP | $61,083,593 | 269,150 | 0.52% | Shares |
| Qube Research & Technologies Ltd | $57,295,570 | 252,459 | 0.49% | Shares |
| WEITZ INVESTMENT MANAGEMENT, INC. | $57,282,180 | 252,400 | 0.49% | Shares |
| JOHNSON INVESTMENT COUNSEL INC | $53,667,514 | 236,473 | 0.46% | Shares |
| Boston Trust Walden Corp | $53,005,766 | 233,557 | 0.45% | Shares |
| BARCLAYS PLC | $51,216,941 | 225,675 | 0.44% | Shares |
| Corient Private Wealth LP | $48,927,599 | 215,589 | 0.42% | Shares |
| Quantinno Capital Management LP | $48,593,602 | 214,115 | 0.41% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $47,774,682 | 210,054 | 0.41% | Shares |
| Swiss National Bank | $47,523,330 | 209,400 | 0.40% | Shares |
| FMR LLC | $43,329,665 | 190,922 | 0.37% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $42,059,509 | 185,325 | 0.36% | Shares |
| JANE STREET GROUP, LLC | $41,861,835 | 184,454 | 0.36% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $41,410,432 | 182,465 | 0.35% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $41,060,021 | 180,921 | 0.35% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $41,055,482 | 180,901 | 0.35% | Shares |
| Ensign Peak Advisors, Inc | $40,560,504 | 178,720 | 0.35% | Shares |
| Champlain Investment Partners, LLC | $40,519,426 | 178,539 | 0.34% | Shares |
| GABELLI FUNDS LLC | $39,965,895 | 176,100 | 0.34% | Shares |
| BANK OF AMERICA CORP /DE/ | $39,815,655 | 175,438 | 0.34% | Shares |
| Evelyn Partners Investment Management LLP | $38,912,909 | 205,291 | 0.33% | Shares |
| FIL Ltd | $38,501,160 | 169,646 | 0.33% | Shares |
| ASR Vermogensbeheer N.V. | $37,682,689 | 166,050 | 0.32% | Shares |
| RHUMBLINE ADVISERS | $37,132,779 | 163,617 | 0.32% | Shares |
| Vanguard Global Advisers, LLC | $36,136,568 | 159,227 | 0.31% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $36,095,717 | 159,047 | 0.31% | Shares |
| AMERICAN CENTURY COMPANIES INC | $35,673,463 | 157,184 | 0.30% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $35,622,979 | 156,964 | 0.30% | Shares |
| GAMCO INVESTORS, INC. ET AL | $35,341,108 | 155,722 | 0.30% | Shares |
| California Public Employees Retirement System | $34,624,173 | 152,563 | 0.29% | Shares |
| MIROVA | $34,467,577 | 151,873 | 0.29% | Shares |
| BlackRock, Inc. | $34,232,457 | 150,837 | 0.29% | Shares |
| Longaeva Partners L.P. | $34,212,032 | 150,747 | 0.29% | Shares |
| Erste Asset Management GmbH | $33,914,426 | 150,090 | 0.29% | Shares |
| Amundi | $32,183,118 | 141,904 | 0.27% | Shares |
| TWO SIGMA ADVISERS, LP | $30,267,594 | 170,100 | 0.26% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $30,193,428 | 133,040 | 0.26% | Shares |
| NICHOLAS COMPANY, INC. | $30,105,598 | 132,653 | 0.26% | Shares |
| Caisse de depot et placement du Quebec | $29,114,508 | 128,286 | 0.25% | Shares |
| CIBC Private Wealth Group LLC | $28,045,478 | 172,312 | 0.24% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $27,447,333 | 120,940 | 0.23% | Shares |
| MOUNTAIN PACIFIC INVESTMENT ADVISERS LLC | $25,910,201 | 114,167 | 0.22% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $24,923,210 | 109,791 | 0.21% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $24,696,470 | 130,290 | 0.21% | Shares |
| Port Capital LLC | $24,556,444 | 108,202 | 0.21% | Shares |
| GOLDMAN SACHS GROUP INC | $24,382,827 | 107,437 | 0.21% | Shares |
| Sone Capital Management, LLC | $24,129,551 | 106,321 | 0.21% | Shares |
| EVENTIDE ASSET MANAGEMENT, LLC | $23,479,215 | 103,503 | 0.20% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $23,106,687 | 101,814 | 0.20% | Shares |
| Eurizon Capital SGR S.p.A. | $23,020,582 | 101,448 | 0.20% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $22,875,000 | 100,793 | 0.19% | Shares |
| ADAMS DIVERSIFIED EQUITY FUND, INC. | $22,695,000 | 100,000 | 0.19% | Shares |
| Davidson Kempner Capital Management LP | $22,695,000 | 100,000 | 0.19% | Shares |
| Redwood Grove Capital, LLC | $20,902,095 | 92,100 | 0.18% | Shares |
| Aureus Asset Management, LLC | $20,476,337 | 90,224 | 0.17% | Shares |
| AEGON ASSET MANAGEMENT UK Plc | $20,093,926 | 88,539 | 0.17% | Shares |
| St. James Investment Company, LLC | $20,007,458 | 88,158 | 0.17% | Shares |
| Shellback Capital, LP | $19,530,182 | 86,055 | 0.17% | Shares |
| Legal & General Group Plc | $19,313,220 | 85,099 | 0.16% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $19,180,225 | 84,513 | 0.16% | Shares |
| Thematics Asset Management | $17,603,145 | 108,154 | 0.15% | Shares |
| MILLENNIUM MANAGEMENT LLC | $17,021,250 | 75,000 | 0.14% | Call option |
| ALLIANCEBERNSTEIN L.P. | $15,990,059 | 84,358 | 0.14% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $15,664,299 | 69,021 | 0.13% | Shares |
| Candriam S.C.A. | $15,638,815 | 68,975 | 0.13% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $15,476,633 | 68,194 | 0.13% | Shares |
Company insiders 56 insiders · 26 officers · 21 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Eric D Ashleman | CEO and President | May 11, 2026 M | 66,658 | 0 | 2 | $-3,311,232 |
| Andrew K Silvernail | Chairman and CEO | Nov. 30, 2020 G | 34,903 | 0 | 0 | $0 |
| Sean M. Gillen | SVP, Chief Financial Officer | Feb. 19, 2026 A | 19,005 | 0 | 0 | $0 |
| Akhil Mahendra | Interim CFO | June 5, 2025 S | 5,035 | 0 | 0 | $0 |
| Abhishek Khandelwal | SVP, Chief Financial Officer | Feb. 20, 2025 A | 6,935 | 0 | 0 | $0 |
| William K Grogan | SVP - Chief Financial Officer | Feb. 21, 2020 A | 7,326 | 0 | 0 | $0 |
| Dominic A Romeo | VP and CFO | Feb. 25, 2011 S | 15,765 | 0 | 0 | $0 |
| Wayne P Sayatovic | Senior VP-Finance & CFO | Nov. 7, 2003 G | 198,650 | 0 | 0 | $0 |
| Tara M. Tereso | Group Executive, HST | Feb. 19, 2026 A | 5,836 | 0 | 0 | $0 |
| William L. Simmons | Group Executive, FMT & FSDP | Feb. 19, 2026 A | 2,892 | 0 | 0 | $0 |
| Allison S Lausas | VP, Chief Accounting Officer | Feb. 19, 2026 A | 3,947 | 0 | 0 | $0 |
| Roopa Unnikrishnan | SVP, Strategy&Corp Development | Feb. 20, 2025 A | 1,170 | 0 | 0 | $0 |
| Melissa S Flores | SVP, CHRO | Feb. 20, 2025 A | 2,516 | 0 | 0 | $0 |
| Jeffrey D Bucklew | SVP-Chief HR Officer | Feb. 21, 2020 A | 1,128 | 0 | 0 | $0 |
| Daniel J Salliotte | SVP - MERGERS & ACQUISITIONS | Feb. 21, 2020 A | 16,192 | 0 | 0 | $0 |
| James P. Maclennan | SVP-CHIEF INFORMATION OFFICER | March 1, 2019 A | 7,043 | 0 | 0 | $0 |
| Frank J Notaro | Secretary | Nov. 19, 2015 M | 4,330 | 0 | 0 | $0 |
| Brett E Finley | SVP-Group Executive | Feb. 27, 2015 M | 27,736 | 0 | 0 | $0 |
| Kevin G. Hostetler | VP - Group Executive | Nov. 30, 2011 M | 35,598 | 0 | 0 | $0 |
| Harold Morgan | VP - Human Resources | Feb. 22, 2011 A | 14,800 | 0 | 0 | $0 |
| John L Mcmurray | VP - Group Executive | Feb. 17, 2011 M | 27,702 | 0 | 0 | $0 |
| Bradley A Spiegel | VP-Group Exec/Comm Excellence | April 8, 2008 A | 53,801 | 0 | 0 | $0 |
| David T Windmuller | Vice President-Group Executive | Nov. 23, 2005 M | 4,963 | 0 | 0 | $0 |
| Clinton L Kooman | VP - CONTROLLER | Sept. 22, 2005 S | 81,057 | 0 | 0 | $0 |
| Douglas C Lennox | Vice President - Treasurer | July 29, 2005 A | 60,149 | 0 | 0 | $0 |
| Dennis L Metcalf | VP - Corporate Development | May 24, 2004 M | 129 | 0 | 0 | $0 |
| Stephanie Disher | Director | May 6, 2026 A | 1,880 | 0 | 0 | $0 |
| Alejandro Quiroz | Director | May 6, 2026 A | 4,030 | 0 | 0 | $0 |
| Stanfield Paris Watts | Director | May 6, 2026 A | 4,195 | 0 | 0 | $0 |
| Lakecia N Gunter | Director | May 6, 2026 A | 4,925 | 0 | 0 | $0 |
| Mark A Beck | Director | May 6, 2026 A | 7,755 | 0 | 0 | $0 |
| Matthijs Glastra | Director | May 6, 2026 A | 1,880 | 0 | 0 | $0 |
| Carl R Christenson | Director | May 6, 2026 A | 7,156 | 1 | 0 | $101,646 |
| Katrina L Helmkamp | Director | May 6, 2026 A | 14,235 | 0 | 0 | $0 |
| Mark A Buthman | Director | May 6, 2026 A | 10,025 | 0 | 0 | $0 |
| Livingston Satterthwaite | Director | May 7, 2024 A | 14,747 | 0 | 0 | $0 |
| David C Parry | Director | May 7, 2024 A | 21,830 | 0 | 0 | $0 |
| William M Cook | Director | May 6, 2022 A | 24,114 | 0 | 0 | $0 |
| Michael T Tokarz | Director | Feb. 27, 2015 S | 329,789 | 0 | 0 | $0 |
| Bradley J Bell | Director | Feb. 15, 2013 A | 42,236 | 0 | 0 | $0 |
| Lawrence D Kingsley | Director | Aug. 29, 2011 M | 520,184 | 0 | 0 | $0 |
| Frank S Hermance | Director | April 1, 2011 A | 5,516 | 0 | 0 | $0 |
| Neil A Springer | Director | July 30, 2010 M | 24,846 | 0 | 0 | $0 |
| Gregory B Kenny | Director | Jan. 1, 2008 A | 2,025 | 0 | 0 | $0 |
| Paul E Raether | Director | April 1, 2006 A | 209,902 | 0 | 0 | $0 |
| Lisa M Anderson | — | Aug. 12, 2026 M | 4,327 | 0 | 1 | $-91,857 |
| MROZEK ERNEST J | — | May 12, 2021 A | 11,220 | 0 | 0 | $0 |
| Denise R Singleton | — | May 5, 2021 M | 7,732 | 0 | 0 | $0 |
| Michael J Yates | — | Aug. 28, 2020 M | 17,931 | 0 | 0 | $0 |
| Cynthia J Warner | — | May 10, 2019 A | 8,875 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| IDEX Corporation (, Nano Merger Sub, Inc. ( | March 7, 2011 | — | Initial filing | M&A / sale | SEC |
| Gabelli Funds, LLC I.D. NO., GAMCO Asset Management, Inc. I.D. NO., GGCP, Inc. I.D. NO., GAMCO Investors, Inc. I.D. NO., Mario J. Gabelli ×5 filings | Dec. 22, 2005 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 164 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 |
|---|---|---|---|---|
| TBLU · Tortoise Capital Series Trust | 4.45% | 11,162 NS | May 31, 2026 | N-PORT |
| FIW · First Trust Exchange-Traded Fund | 3.93% | 321,317 NS | June 30, 2026 | N-PORT |
| PHO · Invesco Exchange-Traded Fund Trust | 3.64% | 317,487 SH | Aug. 21, 2026 | Daily |
| MVFD · Northern Lights Fund Trust IV | 2.42% | 12,457 NS | May 31, 2026 | N-PORT |
| FTDS · First Trust Exchange-Traded Fund | 2.20% | 3,561 NS | June 30, 2026 | N-PORT |
| UPGR · DBX ETF Trust | 1.99% | 618 NS | May 29, 2026 | N-PORT |
| PIO · Invesco Exchange-Traded Fund Trust … | 1.82% | 21,141 SH | Aug. 21, 2026 | Daily |
| RSPN · Invesco Exchange-Traded Fund Trust | 1.25% | 56,556 SH | Aug. 21, 2026 | Daily |
| RBLD · First Trust Exchange-Traded Fund II | 1.08% | 1,926 NS | June 30, 2026 | N-PORT |
| FDIV · EA Series Trust | 0.96% | 3,205 NS | April 30, 2026 | N-PORT |
| PAVE · Global X Funds | 0.85% | 549,063 NS | May 31, 2026 | N-PORT |
| CZA · Invesco Exchange-Traded Fund Trust | 0.84% | 6,619 SH | Aug. 21, 2026 | Daily |
| IQSM · New York Life Investments ETF Trust | 0.67% | 9,722 NS | April 30, 2026 | N-PORT |
| RCGE · EA Series Trust | 0.53% | 2,291 NS | April 30, 2026 | N-PORT |
| FXR · First Trust Exchange-Traded AlphaDE… | 0.49% | 15,720 NS | April 30, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.44% | 12,598 NS | April 30, 2026 | N-PORT |
| FVD · First Trust Exchange-Traded Fund | 0.39% | 139,079 NS | June 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.36% | 1,077,446 SH | Aug. 19, 2026 | Daily |
| SZNE · Pacer Funds Trust | 0.34% | 210 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 29,113 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.29% | 202,396 NS | May 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.29% | 12,304 SH | Aug. 21, 2026 | Daily |
| ISCB · iShares Trust | 0.25% | 3,081 SH | Aug. 21, 2026 | Daily |
| SOVF · Elevation Series Trust | 0.25% | 1,068 NS | April 30, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.23% | 22,152 NS | April 30, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.23% | 90,053 SH | Aug. 19, 2026 | Daily |
| SDVD · First Trust Exchange-Traded Fund IV | 0.22% | 8,409 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.22% | 6,541 SH | Aug. 21, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.21% | 1,521 NS | April 30, 2026 | N-PORT |
| SIZE · iShares Trust | 0.21% | 3,986 SH | Aug. 21, 2026 | Daily |
| DUSL · Direxion Shares ETF Trust | 0.21% | 526 NS | April 30, 2026 | N-PORT |
| IYJ · iShares Trust | 0.21% | 16,910 SH | Aug. 21, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 870,537 SH | Aug. 21, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 16,761 SH | Aug. 21, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.20% | 1,697,314 SH | Aug. 19, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.19% | 64,046 NS | April 30, 2026 | N-PORT |
| UXI · ProShares Trust | 0.18% | 249 NS | May 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.17% | 17,825 NS | April 30, 2026 | N-PORT |
| CRBN · iShares Trust | 0.17% | 8,383 SH | Aug. 20, 2026 | Daily |
| EXI · iShares Trust | 0.17% | 10,372 SH | Aug. 21, 2026 | Daily |
| IWS · iShares Trust | 0.16% | 111,354 SH | Aug. 21, 2026 | Daily |
| CVMC · Morgan Stanley ETF Trust | 0.16% | 740 NS | June 30, 2026 | N-PORT |
| PEXL · Pacer Funds Trust | 0.15% | 324 NS | April 30, 2026 | N-PORT |
| SMIN · iShares Trust | 0.15% | 916,810 SH | Aug. 21, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.13% | 3,624,000 | Aug. 19, 2026 | Daily |
| IWR · iShares Trust | 0.12% | 301,519 SH | Aug. 21, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.12% | 3,422,000 | Aug. 20, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.10% | 65,301 NS | April 30, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.10% | 1,899 NS | May 31, 2026 | N-PORT |
| LRND · New York Life Investments ETF Trust | 0.10% | 1,252 NS | April 30, 2026 | N-PORT |