MCK McKesson Corporation Common Stock
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| Ex-date | Split | Type |
|---|---|---|
| Jan. 5, 1998 | 2-for-1 | Forward |
About McKesson Corporation Common Stock Company overview from Wikipedia
McKesson Corporation is an American publicly traded company that distributes pharmaceuticals and provides health information technology, medical supplies, and health management tools. The company delivers a third of all pharmaceutical products used or consumed in North America and employs over 80,000 employees. With $308.9 billion in 2024 revenue, it is the ninth-largest company by revenue in the United States and the nation's largest health care company. The company is headquartered in Irving, Texas. It is a component of the S&P 500 and is listed on the New York Stock Exchange, where it is traded under the ticker symbol "MCK".
McKesson provides extensive network of infrastructure for the healthcare industry and was an early adopter of technologies, including barcode scanning for distribution, pharmacy robotics, and RFID tags. The company has been named in a federal lawsuit for profiting from the opioid epidemic in the United States.
Throughout the COVID-19 pandemic, McKesson was a key vaccine distributor, serving as the US government's centralized distributor for hundreds of millions of COVID-19 vaccine doses and ancillary supply kits for over a billion doses.
History
19th century
McKesson was founded in 1828 in New York City as Charles M. Olcott by Charles M. Olcott. It was later renamed Olcott, McKesson & Co. and John McKesson in 1833. The business began as an importer and wholesaler of botanical drugs. A third partner, Daniel Robbins, who joined the enterprise as it grew, and who previously "was an assistant to the original partners", was the "Robbins" when the company was renamed McKesson & Robbins following Olcott's death in 1853.
20th century
In 1938, the company was involved in the McKesson and Robbins scandal under CEO Phillip Musica. It was one of the most notorious business and accounting scandals of the 20th century, a watershed event that led to major changes in American auditing standards and securities regulations after being exposed in 1938. It was found that one fourth of the $86,556,270 assets of the company was just figures recorded to keep McKesson looking profitable while Musica, who was posing as F. Donald Coster, and his brothers stole the funds. The company was able to weather the crisis after an equity receivership.
In 1967, Foremost Dairies, a company founded by James Cash Penney, which was headquartered in San Francisco since 1954, acquired McKesson & Robbins in a hostile takeover to form Foremost-McKesson Inc. The Foremost dairy operations were sold in 1982 and the name changed to McKesson Corporation but headquarters remained in San Francisco.
In 1999, McKesson acquired medical information systems firm HBO & Company (HBOC). The combined firm operated as McKessonHBOC for two years. Accounting irregularities at HBOC reduced the company's share price by half and resulted in the dismissal and prosecution of many HBOC executives.
21st century
In 2001, the company's name reverted to McKesson. In the early 21st century, McKesson increased its market in medical technology through acquisitions, including Per Se Technologies and RelayHealth in 2006 and Practice Partner in 2007. On January 6, 2006, McKesson acquired NDCHealth Corporation.
In 2010, McKesson acquired the oncology and physician services company US Oncology, Inc. for $2.16 billion, which was integrated into the McKesson Specialty Health business. In April 2012, McKesson agreed to pay the United States $190M to settle allegations that it had inflated prices and overbilled Medicaid. Three months later, in July 2012, McKesson agreed to pay California and 28 other states $151M to settle allegations that it had inflated prices and overbilled Medicaid.
On June 24, 2013, The Wall Street Journal reported that McKesson Chairman and CEO John Hammergren's pension benefits of $159 million had set a record for "the largest pension on file for a current executive of a public company, and almost certainly the largest ever in corporate America". In 2013, PSS World Medical was acquired. In 2014, McKesson acquired Celesio to become one of the world's largest healthcare companies, with over $179 billion in annual revenue. In June 2016, McKesson announced plans to merge its IT business with Change Healthcare.
In 2017, McKesson was involved in many lawsuits against the state of Arkansas over the supply of vecuronium bromide. McKesson was under contract by Pfizer not to sell to any correctional facility that authorized and carried out capital punishment.
In November 2018, the company announced it would relocate its headquarters from San Francisco to Irving, Texas, effective April 1, 2019. Also in April 2019, Brian Tyler took over as CEO of the company.
In February 2020, McKesson Corp announced that it would part ways with Change Healthcare. McKesson gave up its ownership in the company and its three seats on the company's board of directors. In February 2025, the McKesson Corporation signed a definitive agreement to acquire 80% interest in PRISM Vision Holdings.
In August 2026, the company was hacked by ShinyHunters.
Opioid epidemic
In 2008, McKesson paid $13 million in fines for failing to report large orders of hydrocodone.
In January 2017, McKesson agreed to pay a $150 million civil penalty for alleged similar violations of the Controlled Substances Act regarding the distribution of opioids and another $150M to settle allegations that it had not done enough to track and stop suspicious opioid sales. The agreement also obligated McKesson to suspend all sales of controlled substances from its distribution centers in Colorado, Florida, Ohio, and Michigan for multiple years.
In May 2020, Attorney General of Oklahoma Michael J. Hunter sued McKesson in Bryan County District Court, alleging that the company's actions helped fuel Oklahoma's opioid crisis. The suit was filed along with lawsuits against Cardinal Health and AmerisourceBergen, and the three lawsuits allege that the three companies provided "enough opioids to Bryan County that every adult resident there could have had 144 hydrocodone tablets."
In January 2022, McKesson, AmerisourceBergen, Cardinal Health, and Johnson & Johnson agreed to pay $26 billion to settle with all but five of the states suing them. Had the states gone to court, the companies could have faced up to $95 billion in penalties.
COVID-19 pandemic
In August 2020, during the COVID-19 pandemic, the CDC and HHS selected McKesson as the US government's centralized distributor for COVID-19 vaccine doses and ancillary supply kits under Operation Warp Speed. The company has played a key role in distributing the Moderna and Johnson & Johnson vaccines while also distributing ancillary supply kits for these as well as for the Pfizer–BioNTech vaccine across the US (in addition to supporting the US government in efforts to send doses and kits abroad).
Finances
For the fiscal year 2023, McKesson reported earnings of US$3.56 billion on revenue of US$276.711 billion. As of 2023, McKesson was the nation's largest health care company and the ninth-largest company by total revenue on the Fortune 500.
Divisions
McKesson Provider Technologies
McKesson Provider Technologies is the retail name for McKesson Technology Solutions; the software development division of McKesson. Their customer base in the United States includes 50% of all health systems, 20% of all physician practices, 25% of home care agencies, and 77% of health systems with more than 200 beds.
On June 20, 2005, McKesson Provider Technologies acquired Medcon, Ltd., an Israeli company which provides web-based cardiac image and information management solutions for heart centers, that includes: diagnostic digital image management, archiving, procedure reporting, and workflow management.
In October 2013, McKesson agreed to buy a 50% stake in Germany-based Celesio for $8.3 billion.
McKesson Medical Supplies and Equipment
McKesson Medical-Surgical (MMS) offers a large selection of national healthcare brands, along with McKesson's exclusive brand of medical products. Their online medical supply ordering platform serves the needs of physician offices, surgery centers, home health agencies, DMEs, labs, and long-term-care facilities. In 2015, McKesson Medical-Surgical opened its new headquarters in Richmond, Virginia. In May of 2025, McKesson announced it was planning to spin off its medical-surgical supplies unit into an independent company.
Health Mart pharmacy franchise
Health Mart, a network of over 4,000 independently owned and operated pharmacies, is a wholly owned subsidiary of McKesson Corporation, which owns the name "Health Mart". McKesson acquired Health Mart owner FoxMeyer in October 1996.
Former divisions
Mosswood Wine Company
McKesson operated the Mosswood Wine Company from 1978 until 1987 when the division was sold to maintain its focus on pharmaceuticals. The division was founded and run by wine writer Gerald Asher.
NDCHealth (Relay Health)
NDC (from the initials of its former identity as National Data Corporation) became NDC-Health Corp in 2001 following the spin-off of its payments division, Global Payments, in 2000. NDCHealth was acquired by McKesson in 2007 through the purchase of Per-Se Technologies at which time it began doing business as RelayHealth in 2007.
International
McKesson Canada
In 1991, McKesson Corporation acquired a 100 percent interest in Medis Health and Pharmaceutical Services from Provigo. In 2002, the McKesson Canada name was adopted. McKesson Canada is a wholly owned subsidiary of McKesson Corporation. It includes various business units: McKesson Pharmaceutical, McKesson Automation, McKesson Specialty, McKesson Health Solutions, and McKesson Information Solutions.
In 2012, McKesson agreed to purchase Canadian pharmacy chains IDA, Guardian Pharmacy, and The Medicine Shoppe from the Katz Group of Companies for $920 million.
In March 2016, McKesson agreed to purchase Canadian pharmacy chain Rexall from the Katz Group of Companies for $3 billion. The deal was finalized in December 2016 following approval received under the Investment Canada Act.
On April 12, 2017, it was announced that McKesson Canada reached a deal to acquire 330 Uniprix pharmacies.
In May 2018, McKesson Canada closed 40 Rexall locations in Ontario and Western Canada.
In December 2024, McKesson Canada sold Rexall to Birch Hill Equity.
United Kingdom
In the United Kingdom, McKesson, operating as McKesson Information Solutions UK Ltd, was a provider of information technology services to the healthcare industry. In addition to numerous clinical software systems and finance and procurement services, McKesson also was responsible for developing the Electronic Staff Record system for the National Health Service which provided an integrated payroll system for NHS's 1.3 million staff, making it the world's largest single payroll IT system. McKesson Shared Services also provided payroll services for over 20 NHS Trusts, paying over 100,000 NHS members.
McKesson's United Kingdom base was in Warwick with data centers in Newcastle upon Tyne and Brent Cross and offices in Sheffield, Bangor, Glasgow and Vauxhall, London. Across the United Kingdom, it employed over 500 people.
In 2014, McKesson sold most of their healthcare software business to the private equity firm Symphony Technology Group and indicated also that they would not be re-bidding for the Electronic Staff Record contract. This came after the company had posted significant year on year losses in revenue (16% in the 2012/13 financial year) after taking over a very successful British operation in 2011.
In April 2022, McKesson UK was acquired by the private equity company, Aurelius Group in a £477m deal. The companies acquired by Aurelius include LloydsPharmacy, and AAH Pharmaceuticals.
Australia and New Zealand
In 2010, McKesson Asia-Pacific was acquired by Medibank Private Ltd.
McKesson ANZ is a fully owned subsidiary of McKesson Corporation. McKesson expanded its footprint in Australia and New Zealand by acquiring Emendo in November 2012. McKesson ANZ develops and sells healthcare optimization services and software. The company has traditionally been focused on the public markets in Australia and New Zealand. The majority of the District Health Boards in NZ use one or more of McKesson's Capacity Management solutions.
Christchurch in New Zealand, is one of McKesson's global Capacity Management R&D centers of excellence. All of McKesson's R&D for McKesson Capacity Planner is performed in New Zealand. The company employs approximately 40 team members across Australia and New Zealand, including general management, R&D, sales, services, and support employees.
McKesson Capacity Planne, formerly Emendo CapPlan, is used in more than 40 hospitals in Australia, New Zealand, Britain, Canada, and the US to forecast future patient activity and help health systems to allocate resources efficiently and identify unnecessary costs.
Germany
On November 2, 2020, Walgreens Boots Alliance (WBA) and McKesson announced the completion of their previously announced agreement to create a joint venture combining their respective pharmaceutical wholesale businesses in Germany, Alliance Healthcare Deutschland (AHD) and GEHE Pharma Handel (GEHE). WBA holds a 70 percent controlling equity interest in the joint venture and McKesson holds the remaining 30 percent interest.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
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?
| Metric | 5Y trend | MCK | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 24.25Y avg ≈25.9 | ≈25.9 | 22.9 | Undervalued | |
| P/S (TTM) | 0.65Y avg ≈0.5 | ≈0.5 | 0.5 | Overvalued | |
| P/B (MRQ) | -59.65Y avg ≈-92.6 | ≈-92.6 | · | · | |
| Price / FCF (TTM) | 39.45Y avg ≈38.2 | ≈38.2 | · | · | |
| Price / Cash Flow (TTM) | 36.95Y avg ≈34.9 | ≈34.9 | 14.0 | Overvalued | |
| Price / Tangible Book (MRQ) | -30.6 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | MCK | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 3.6%5Y avg ≈4.2% | ≈4.2% | 4.3% | Weak | |
| Operating Margin (TTM) | 1.6%5Y avg ≈1.3% | ≈1.3% | 1.1% | In line | |
| EBITDA Margin | 1.6%5Y avg ≈1.4% | ≈1.4% | 1.3% | In line | |
| Pretax Margin (TTM) | 1.6%5Y avg ≈1.3% | ≈1.3% | 1.0% | Top tier | |
| Net Profit Margin (TTM) | 1.1%5Y avg ≈0.96% | ≈0.96% | 0.63% | In line | |
| ROA (TTM) | 5.4%5Y avg ≈4.5% | ≈4.5% | 3.1% | Top tier | |
| ROE (TTM) | -148.0%5Y avg ≈-162.7% | ≈-162.7% | -4.6% | Weak | |
| ROIC | -235.2%5Y avg ≈-164.2% | ≈-164.2% | 12.2% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | MCK | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 0.95Y avg ≈0.9 | ≈0.9 | 0.9 | In line | |
| Quick Ratio | 0.55Y avg ≈0.5 | ≈0.5 | 0.5 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | MCK | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 12.4%5Y avg ≈11.2% | ≈11.2% | · | · | |
| Revenue CAGR 3Y | 13.4%5Y avg ≈11.1% | ≈11.1% | · | · | |
| Revenue CAGR 5Y | 11.1% | · | · | · | |
| EPS YoY | 49.2%5Y avg ≈74.9% | ≈74.9% | · | · | |
| Net Income YoY | 44.5%5Y avg ≈64.5% | ≈64.5% | · | · | |
| EPS CAGR 3Y | 15.3% | · | · | · | |
| Net Income CAGR 3Y | 10.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | MCK | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 5.15Y avg ≈4.7 | ≈4.7 | 4.5 | Top tier | |
| Inventory Turnover | 16.55Y avg ≈14.7 | ≈14.7 | 15.7 | Top tier | |
| Receivables Turnover | 15.05Y avg ≈14.8 | ≈14.8 | 13.1 | Top tier | |
| Revenue / Employee | ≈$9.7M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 1, 2026 | $0.94 | USD | ≈0.37% |
| Jun 1, 2026 | $0.82 | USD | ≈0.45% |
| Mar 2, 2026 | $0.82 | USD | ≈0.32% |
| Dec 1, 2025 | $0.82 | USD | ≈0.36% |
| Sep 2, 2025 | $0.82 | USD | ≈0.43% |
| Jun 2, 2025 | $0.71 | USD | ≈0.39% |
| Mar 3, 2025 | $0.71 | USD | ≈0.43% |
| Dec 2, 2024 | $0.71 | USD | ≈0.43% |
| Aug 30, 2024 | $0.71 | USD | ≈0.46% |
| Jun 3, 2024 | $0.62 | USD | ≈0.43% |
| Feb 29, 2024 | $0.62 | USD | ≈0.46% |
| Nov 30, 2023 | $0.62 | USD | ≈0.49% |
| Aug 31, 2023 | $0.62 | USD | ≈0.54% |
| May 31, 2023 | $0.54 | USD | ≈0.55% |
| Feb 28, 2023 | $0.54 | USD | ≈0.60% |
| Nov 30, 2022 | $0.54 | USD | ≈0.53% |
| Aug 31, 2022 | $0.54 | USD | ≈0.53% |
| May 31, 2022 | $0.47 | USD | ≈0.57% |
| Feb 28, 2022 | $0.47 | USD | ≈0.67% |
| Nov 30, 2021 | $0.47 | USD | ≈0.82% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| March 31, 2027 | Aug 4, 2026 | $9.93 | $9.63 | 3.1% |
| June 30, 2026 | $9.93 | $9.63 | 3.1% | |
| March 31, 2026 | $11.69 | $11.68 | 0.12% | |
| Dec. 31, 2025 | $9.34 | $9.31 | 0.33% | |
| Sept. 30, 2025 | $9.86 | $9.13 | 8.0% | |
| June 30, 2025 | $8.26 | $8.23 | 0.39% | |
| March 31, 2025 | $10.12 | $9.92 | 2.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $403.43B | $359.05B | $308.95B | $276.71B | $263.97B | $238.23B | $231.05B | $214.32B | $208.36B | $198.53B | $190.88B | $179.04B | |
| Cost of Revenue | $388.88B | $345.73B | $296.12B | $264.35B | $250.84B | $226.08B | $219.03B | $202.56B | $197.17B | $187.26B | $179.47B | $167.63B | |
| Gross Profit | $14.55B | $13.32B | $12.83B | $12.36B | $13.13B | $12.15B | $12.02B | $11.75B | $11.18B | $11.27B | $11.42B | $11.41B | |
| R&D Expense | · | · | · | · | · | · | $96M | $71M | $125M | $341M | $392M | $392M | |
| SG&A Expense | $8.10B | $8.51B | $8.66B | $7.78B | $10.54B | $8.85B | $9.18B | $8.44B | $8.14B | $7.45B | $7.38B | $7.90B | |
| Operating Expenses | $8.34B | $8.90B | $8.92B | $7.98B | $11.09B | $17.19B | $9.53B | $10.87B | $10.42B | $4.15B | $7.87B | $8.44B | |
| Operating Income | $6.21B | $4.42B | $3.91B | $4.38B | $2.04B | $-5.04B | $2.49B | $886M | $762M | $7.12B | $3.54B | $2.97B | |
| Interest Expense | · | · | $252M | $248M | $178M | $217M | $249M | $264M | $283M | · | · | · | |
| Interest Income | $179M | $173M | $118M | $107M | $10M | $12M | $49M | $39M | $48M | $29M | $18M | $20M | |
| Other Non-op | $44M | $-38M | $34M | $279M | $108M | $30M | $37M | $21M | $7M | $18M | $25M | $31M | |
| Pretax Income | $6.20B | $4.36B | $3.79B | $4.63B | $1.93B | $-5.03B | $1.14B | $610M | $239M | $6.89B | $3.25B | $2.66B | |
| Income Tax | $1.10B | $878M | $629M | $905M | $636M | $-695M | $18M | $356M | $-53M | $1.61B | $908M | $815M | |
| Net Income | $4.76B | $3.29B | $3.00B | $3.56B | $1.11B | $-4.54B | $900M | $34M | $67M | $5.07B | $2.26B | $1.48B | |
| EPS (Basic) | $38.55 | $25.86 | $22.54 | $25.23 | $7.32 | $-28.26 | $4.98 | $0.17 | $0.32 | $22.95 | $9.82 | $6.37 | |
| EPS (Diluted) | $38.38 | $25.72 | $22.39 | $25.03 | $7.23 | $-28.26 | $4.95 | $0.17 | $0.32 | $22.73 | $9.70 | $6.27 | |
| Shares (Basic) | 123,600,000 | 127,400,000 | 133,200,000 | 141,100,000 | 152,300,000 | 160,600,000 | 180,600,000 | 196,300,000 | 208,000,000 | 221,000,000 | 230,000,000 | 232,000,000 | |
| Shares (Diluted) | 124,100,000 | 128,100,000 | 134,100,000 | 142,200,000 | 154,100,000 | 160,600,000 | 181,600,000 | 197,300,000 | 209,000,000 | 223,000,000 | 233,000,000 | 235,000,000 | |
| EBITDA | $6.50B | $4.69B | $4.19B | $4.65B | $2.35B | $-4.70B | $2.49B | $886M | $762M | $7.11B | $3.54B | $2.97B |
Balance Sheet
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.98B | $5.69B | $4.58B | $4.68B | $3.53B | $6.28B | $4.01B | $2.98B | $2.67B | $2.78B | $4.05B | $5.34B | |
| Receivables | $27.98B | $25.64B | $21.62B | $19.41B | $18.58B | $19.18B | $19.95B | $18.25B | $17.71B | $18.21B | $17.98B | $15.91B | |
| Inventory | $24.21B | $23.00B | $21.14B | $19.69B | $18.70B | $19.25B | $16.73B | $16.71B | $16.31B | $15.28B | $15.34B | $14.30B | |
| Prepaid Expense | $1.04B | $1.06B | $626M | $513M | $898M | $665M | $617M | $529M | $443M | $672M | $1.07B | $1.12B | |
| Current Assets | $57.21B | $55.40B | $47.97B | $44.29B | $46.23B | $45.38B | $42.22B | $38.47B | $37.14B | $36.95B | $38.44B | $36.67B | |
| PP&E (Net) | $2.67B | $2.50B | $2.32B | $2.18B | $2.09B | $2.58B | $2.37B | $2.55B | $2.46B | $2.29B | $2.28B | $2.04B | |
| PP&E (Gross) | $5.28B | $5.03B | $4.78B | $4.41B | $4.09B | $4.79B | $4.19B | $4.33B | $3.93B | $3.80B | $3.78B | $3.44B | |
| Accum. Depreciation | $2.61B | $2.53B | $2.47B | $2.23B | $1.99B | $2.21B | $1.83B | $1.78B | $1.47B | $1.51B | $1.51B | $1.40B | |
| Goodwill | $11.32B | $10.02B | $10.13B | $9.95B | $9.45B | $9.49B | $9.36B | $9.36B | $10.92B | $10.59B | $9.79B | $9.82B | |
| Intangibles | $4.08B | $1.46B | $2.11B | $2.28B | $2.06B | $2.88B | $3.16B | $3.69B | $4.10B | $3.67B | $3.02B | $3.44B | |
| Other Non-current Assets | $4.99B | $3.97B | $3.19B | $1.99B | $1.92B | $2.58B | $2.26B | $2.10B | $2.03B | $3.42B | $3.00B | $1.90B | |
| Total Assets | $82.32B | $75.14B | $67.44B | $62.32B | $63.30B | $65.02B | $61.25B | $59.67B | $60.38B | $60.97B | $56.52B | $53.87B | |
| Accounts Payable | $59.97B | $55.33B | $47.10B | $42.49B | $38.09B | $38.98B | $37.20B | $33.85B | $32.18B | $31.02B | $28.59B | $25.17B | |
| Accrued Liabilities | $5.49B | $4.83B | $4.92B | $4.20B | $4.54B | $3.99B | $3.34B | $3.44B | $3.38B | $3.00B | $3.95B | $3.77B | |
| Short-term Debt | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $183M | $7M | $135M | |
| Current Liabilities | $67.02B | $61.60B | $52.36B | $47.96B | $48.47B | $44.10B | $42.62B | $37.63B | $36.69B | $35.61B | $35.07B | $33.50B | |
| Capital Leases | $1.80B | $1.48B | $1.47B | $1.40B | $1.37B | $1.87B | $1.66B | · | · | · | · | · | |
| Deferred Tax | $1.33B | $1.03B | $917M | $1.39B | $1.42B | $1.41B | $2.25B | $3.00B | $2.80B | $3.68B | $2.73B | $859M | |
| Other Non-current Liabilities | $2.66B | $2.66B | $2.61B | $1.81B | $1.54B | $1.72B | $1.66B | $2.10B | $2.62B | $1.77B | $1.81B | $1.86B | |
| Long-term Debt | $6.53B | $5.65B | $5.63B | $5.59B | $5.88B | $7.15B | $7.39B | $7.59B | $7.88B | $8.36B | $8.11B | $9.71B | |
| Total Debt | · | · | · | · | · | · | · | · | $0 | $183M | $7M | $135M | |
| Common Stock | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $4M | |
| Paid-in Capital | $8.28B | $8.37B | $8.05B | $7.75B | $7.28B | $6.92B | $6.66B | $6.43B | $6.19B | $6.03B | $5.84B | $6.97B | |
| Retained Earnings | $22.29B | $17.92B | $14.98B | $12.29B | $9.03B | $8.20B | $13.02B | $12.41B | $12.99B | $13.19B | $8.36B | $12.71B | |
| Treasury Stock | $32.01B | $27.44B | $24.12B | $21.00B | $17.05B | $13.67B | $12.89B | $8.90B | $7.66B | $5.98B | $3.72B | $9.96B | |
| AOCI | $-745M | $-932M | $-881M | $-905M | $-1.53B | $-1.48B | $-1.70B | $-1.85B | $-1.72B | $-2.14B | $-1.56B | $-1.71B | |
| Stockholders' Equity | $-2.17B | $-2.07B | $-1.97B | $-1.86B | $-2.27B | $-21M | $5.09B | $8.09B | $9.80B | $11.10B | $8.92B | $8.00B | |
| Liabilities + Equity | $82.32B | $75.14B | $67.44B | $62.32B | $63.30B | $65.02B | $61.25B | $59.67B | $60.38B | $60.97B | $56.52B | $53.87B | |
| Shares Outstanding | 280,000,000 | 279,000,000 | 278,000,000 | 277,000,000 | 275,000,000 | 273,000,000 | · | · | · | · | · | · |
Cash Flow
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $287M | $272M | $279M | $272M | $312M | $344M | $335M | $317M | $951M | $910M | $885M | $1.02B | |
| Stock-based Comp | · | · | · | · | · | · | · | · | $69M | $115M | $123M | $174M | |
| Deferred Tax | $230M | $-110M | $-603M | $-20M | $34M | $-908M | $-342M | $189M | $-868M | $882M | $64M | $171M | |
| Amort. of Intangibles | $276M | $226M | $249M | $236M | $332M | $422M | $462M | $485M | $503M | $444M | $431M | $494M | |
| Restructuring | $245M | $344M | $115M | $209M | $245M | $219M | $156M | $352M | $13M | $14M | $229M | · | |
| Other Non-cash | $876M | $2.63B | $1.64B | $1.35B | $2.97B | $9.64B | · | · | · | · | · | · | |
| Operating Cash Flow | $6.16B | $6.08B | $4.31B | $5.16B | $4.43B | $4.54B | $4.37B | $4.04B | $4.34B | $4.74B | $3.67B | $3.11B | |
| CapEx | $436M | $537M | $431M | $390M | $388M | $451M | $362M | $426M | $405M | $404M | $488M | $376M | |
| Investing Cash Flow | $-3.43B | $-733M | $-1.07B | $-542M | $-89M | $-415M | $-579M | $-1.38B | $-2.99B | $-3.27B | $-1.56B | $-677M | |
| Debt Issued | $1.99B | $498M | $991M | $997M | $498M | $500M | $0 | $1.10B | $1.52B | $1.82B | $0 | $3M | |
| Net Debt Issued | $783M | $-21M | $703M | $-277M | $-1.15B | $-540M | $-298M | $-13M | $-765M | $223M | $-1.60B | $-350M | |
| Stock Repurchased | $4.75B | $3.15B | $3.02B | $3.64B | $3.52B | $742M | $1.93B | $1.64B | $1.71B | $2.31B | $1.61B | $450M | |
| Net Stock Activity | $-4.75B | $-3.15B | $-3.02B | $-3.64B | $-3.52B | $-770M | $-1.95B | $-1.64B | $-1.71B | $-2.31B | $-1.61B | $-450M | |
| Dividends Paid | $381M | $345M | $314M | $292M | $277M | $276M | $294M | $292M | $262M | $253M | $244M | $227M | |
| Financing Cash Flow | $-4.63B | $-3.96B | $-3.34B | $-4.37B | $-6.32B | $-1.69B | $-2.73B | $-2.23B | $-3.08B | $-2.07B | $-3.45B | $-968M | |
| Net Change in Cash | $-1.89B | $1.37B | $-94M | $744M | $-2.46B | $2.37B | $1.04B | $309M | $-1.58B | $-738M | $-1.29B | $1.15B | |
| Taxes Paid | $1.21B | $1.12B | $901M | $562M | $359M | $379M | $368M | $262M | $144M | $587M | $923M | $866M | |
| Free Cash Flow | $5.72B | $5.55B | $3.88B | $4.77B | $4.05B | $4.09B | $4.01B | $3.61B | $3.94B | $4.34B | $3.18B | $2.74B | |
| Levered FCF | · | · | $3.67B | $4.57B | $3.93B | $3.90B | $3.77B | · | · | · | · | · |
Profitability
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.6% | 3.7% | 4.2% | 4.5% | 5.0% | 5.1% | 5.2% | 5.5% | 5.4% | 5.7% | 6.0% | 6.4% | |
| Operating Margin | 1.5% | 1.2% | 1.3% | 1.6% | 0.77% | -2.1% | 1.1% | 0.41% | 0.37% | 3.6% | 1.9% | 1.7% | |
| Net Margin | 1.2% | 0.92% | 0.97% | 1.3% | 0.42% | -1.9% | 0.39% | 0.02% | 0.03% | 2.5% | 1.2% | 0.82% | |
| Pretax Margin | 1.5% | 1.2% | 1.2% | 1.7% | 0.73% | -2.1% | 0.50% | 0.28% | 0.11% | 3.5% | 1.7% | 1.5% | |
| EBITDA Margin | 1.6% | 1.3% | 1.4% | 1.7% | 0.89% | -2.0% | 1.1% | 0.41% | 0.37% | 3.6% | 1.9% | 1.7% | |
| ROA | 6.0% | 4.6% | 4.6% | 5.7% | 1.7% | -7.2% | 1.5% | 0.06% | 0.11% | 8.6% | 4.1% | 2.8% | |
| ROE | -224.3% | -162.9% | -156.8% | -172.4% | -97.2% | -179.0% | 13.7% | 0.38% | 0.64% | 50.6% | 26.7% | 17.9% | |
| ROIC | -235.2% | -170.3% | -165.4% | -189.8% | -60.1% | 20686.5% | 48.1% | 4.6% | 9.5% | 48.3% | 28.6% | 25.3% |
Liquidity & Solvency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.1 | |
| Quick Ratio | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | |
| Debt / Equity | · | · | · | · | · | · | · | · | 0.0 | 0.0 | 0.0 | 0.0 | |
| Interest Coverage | · | · | 15.5 | 17.7 | 11.4 | -23.2 | 10.0 | · | · | · | · | · |
Efficiency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 5.1 | 5.0 | 4.8 | 4.4 | 4.1 | 3.8 | 3.8 | 3.6 | 3.4 | 3.4 | 3.5 | 3.4 | |
| Inventory Turnover | 16.5 | 15.7 | 14.5 | 13.8 | 13.2 | 12.6 | 13.1 | 12.3 | 12.5 | 12.2 | 12.1 | 12.3 | |
| Receivables Turnover | 15.0 | 15.2 | 15.1 | 14.6 | 14.0 | 12.2 | 12.1 | 11.9 | 11.6 | 11.0 | 11.3 | 12.1 |
Per Share
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $-7.76 | $-7.43 | $-7.09 | · | · | · | · | · | · | · | · | · | |
| Revenue / Share | $3250.85 | $2802.90 | $2303.89 | $1945.93 | $1712.95 | $1483.36 | $1269.51 | $1087.91 | $996.92 | $890.28 | $819.24 | $761.89 | |
| Cash Flow / Share | $49.60 | $47.50 | $32.17 | $36.28 | $28.77 | $28.28 | $24.03 | $20.49 | $20.79 | $21.27 | $15.76 | $13.24 | |
| Cash / Share | $14.20 | $20.40 | $16.49 | · | · | · | · | · | · | · | · | · | |
| Dividend / Share | $3.17 | $2.75 | $2.40 | $2.09 | $1.83 | $1.67 | $1.62 | $1.51 | $1.30 | $1.12 | $1.08 | $0.96 | |
| EPS (TTM) | $38.38 | $25.72 | $22.39 | $25.03 | $7.23 | $-28.26 | $4.95 | $0.17 | $0.32 | $22.73 | $9.70 | $6.27 |
Growth Rates
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 12.4% | 16.2% | 11.7% | 4.8% | 10.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 13.4% | 10.8% | 9.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 11.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 49.2% | 14.9% | -10.5% | 246.2% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 15.3% | 52.6% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 44.5% | 9.8% | -15.7% | 219.6% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 10.2% | 43.5% | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 6.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $403.43B | $359.05B | $308.95B | $276.71B | $263.97B | $238.23B | $231.05B | $214.32B | $208.36B | $198.53B | $190.88B | $179.04B | |
| Net Income TTM | $4.76B | $3.29B | $3.00B | $3.56B | $1.11B | $-4.54B | $900M | $34M | $67M | $5.07B | $2.26B | $1.48B | |
| Market Cap | $242.30B | $187.76B | $149.24B | · | · | · | · | · | · | · | · | · | |
| P/E | 22.5 | 26.2 | 24.0 | 14.2 | 42.3 | -6.9 | 27.3 | 688.6 | 440.2 | 6.5 | 16.2 | 36.1 | |
| P/S | 0.6 | 0.5 | 0.5 | · | · | · | · | · | · | · | · | · | |
| P/B | -111.6 | -90.5 | -75.7 | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 39.4 | 30.9 | 34.6 | · | · | · | · | · | · | · | · | · | |
| P / FCF | 42.4 | 33.8 | 38.4 | · | · | · | · | · | · | · | · | · | |
| Dividend Yield | 0.16% | 0.18% | 0.21% | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 4.4% | 3.8% | 4.2% | 7.0% | 2.4% | -14.5% | 3.7% | 0.15% | 0.23% | 15.3% | 6.2% | 2.8% | |
| Payout Ratio | 8.0% | 10.5% | 10.5% | 8.2% | 24.9% | -6.1% | 32.7% | 858.8% | 391.0% | 5.0% | 10.8% | 15.4% | |
| Annual Payout | $381M | $345M | $314M | $292M | $277M | $276M | $294M | $292M | $262M | $253M | $244M | $227M |
Income Statement
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $105.38B | $96.30B | $106.16B | $103.15B | $97.83B | $90.82B | $95.29B | $93.65B | $79.28B | $76.36B | $80.90B | $77.22B | $74.48B | $68.91B | $70.49B | $70.16B | |
| Cost of Revenue | $101.69B | $92.25B | $102.47B | $99.61B | $94.55B | $87.18B | $92.01B | $90.40B | $76.13B | $72.77B | $77.75B | $74.15B | $71.46B | $65.84B | $67.32B | $67.06B | |
| Gross Profit | $3.69B | $4.04B | $3.69B | $3.54B | $3.28B | $3.64B | $3.28B | $3.25B | $3.15B | $3.58B | $3.15B | $3.07B | $3.02B | $3.07B | $3.17B | $3.10B | |
| SG&A Expense | $2.26B | $1.80B | $2.03B | $2.07B | $2.20B | $1.98B | $2.03B | $2.50B | $2.00B | $2.19B | $2.51B | $2.09B | $1.87B | $1.96B | $1.90B | $1.95B | |
| Operating Expenses | $2.37B | $1.89B | $2.07B | $2.13B | $2.24B | $2.05B | $2.06B | $2.67B | $2.12B | $2.37B | $2.51B | $2.12B | $1.92B | $2.09B | $1.93B | $1.97B | |
| Operating Income | $1.32B | $2.15B | $1.62B | $1.41B | $1.04B | $1.59B | $1.22B | $578M | $1.03B | $1.22B | $642M | $951M | $1.10B | $980M | $1.24B | $1.12B | |
| Interest Expense | · | · | · | · | · | · | $67M | $78M | $75M | · | $64M | $61M | $47M | · | $69M | $55M | |
| Other Non-op | $66M | $-156M | $74M | $62M | $64M | $-271M | $69M | $34M | $130M | $-64M | $34M | $26M | $38M | $-187M | $276M | $175M | |
| Pretax Income | $1.31B | $2.12B | $1.63B | $1.40B | $1.05B | $1.51B | $1.23B | $534M | $1.08B | $1.17B | $612M | $916M | $1.09B | $932M | $1.45B | $1.24B | |
| Income Tax | $276M | $270M | $380M | $232M | $220M | $209M | $298M | $247M | $124M | $340M | $-18M | $213M | $94M | $106M | $329M | $271M | |
| Net Income | $614M | $1.68B | $1.19B | $1.11B | $784M | $1.26B | $879M | $241M | $915M | $791M | $589M | $664M | $958M | $787M | $1.08B | $926M | |
| EPS (Basic) | $5.17 | $13.69 | $9.63 | $8.95 | $6.28 | $9.96 | $6.98 | $1.88 | $7.04 | $6.07 | $4.45 | $4.95 | $7.07 | $5.73 | $7.71 | $6.47 | |
| EPS (Diluted) | $5.15 | $13.62 | $9.59 | $8.92 | $6.25 | $9.90 | $6.95 | $1.87 | $7.00 | $6.03 | $4.42 | $4.92 | $7.02 | $5.69 | $7.66 | $6.42 | |
| Shares (Basic) | 118,700,000 | · | 123,200,000 | 124,000,000 | 124,900,000 | · | 126,000,000 | 128,700,000 | 129,800,000 | · | 132,500,000 | 134,100,000 | 135,500,000 | · | 139,900,000 | 143,100,000 | |
| Shares (Diluted) | 119,200,000 | · | 123,700,000 | 124,400,000 | 125,500,000 | · | 126,600,000 | 129,300,000 | 130,700,000 | · | 133,300,000 | 134,800,000 | 136,600,000 | · | 141,000,000 | 144,100,000 | |
| EBITDA | $1.32B | · | $1.62B | $1.41B | $1.04B | · | $1.22B | $578M | $1.03B | · | $642M | $951M | $1.10B | · | $1.24B | $1.12B |
Balance Sheet
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.16B | $3.98B | $2.96B | $4.00B | $2.42B | $5.69B | $1.13B | $2.51B | $2.30B | $4.58B | $1.98B | $2.52B | $2.64B | $4.68B | $2.77B | $2.92B | |
| Receivables | $30.32B | $27.98B | $28.21B | $28.29B | $28.16B | $25.64B | $25.83B | $25.27B | $23.74B | $21.62B | $23.07B | $22.49B | $21.86B | · | $20.54B | $20.11B | |
| Inventory | $26.26B | $24.21B | $27.07B | $26.13B | $25.07B | $23.00B | $23.84B | $24.18B | $25.57B | $21.14B | $22.02B | $21.95B | $20.51B | · | $20.66B | $19.88B | |
| Prepaid Expense | $1.10B | $1.04B | $1.46B | $1.46B | $1.16B | $1.06B | $942M | $751M | $636M | $626M | $572M | $568M | $533M | · | $675M | $722M | |
| Current Assets | $62.84B | $57.21B | $59.70B | $59.89B | $56.80B | $55.40B | $51.74B | $53.34B | $52.25B | $47.97B | $47.64B | $47.53B | $45.54B | · | $44.66B | $46.45B | |
| PP&E (Net) | $2.68B | $2.67B | $2.63B | $2.63B | $2.57B | $2.50B | $2.40B | $2.36B | $2.36B | $2.32B | $2.20B | $2.17B | $2.17B | · | $2.14B | $2.07B | |
| PP&E (Gross) | · | $5.28B | · | · | · | $5.03B | · | · | · | $4.78B | · | · | · | · | · | · | |
| Accum. Depreciation | · | $2.61B | · | · | · | $2.53B | · | · | · | $2.47B | · | · | · | · | · | · | |
| Goodwill | $11.28B | $11.32B | $11.32B | $11.28B | $11.37B | $10.02B | $10.00B | $10.09B | $10.12B | $10.13B | $9.97B | $9.93B | $9.97B | $9.95B | $9.93B | $9.24B | |
| Intangibles | $4.01B | $4.08B | $4.18B | $4.22B | $4.27B | $1.46B | $1.51B | $1.57B | $2.04B | $2.11B | $2.10B | $2.14B | $2.22B | · | $2.27B | $1.87B | |
| Other Non-current Assets | $5.58B | $4.99B | $4.30B | $4.15B | $4.13B | $3.97B | $3.67B | $3.57B | $3.16B | $3.19B | $2.92B | $2.63B | $2.50B | · | $2.03B | $1.90B | |
| Total Assets | $88.33B | $82.32B | $84.19B | $84.16B | $81.31B | $75.14B | $71.08B | $72.43B | $71.67B | $67.44B | $66.51B | $66.09B | $64.10B | · | $62.69B | $63.08B | |
| Accounts Payable | $63.73B | $59.97B | $60.68B | $60.94B | $57.86B | $55.33B | $49.69B | $53.32B | $51.70B | $47.10B | $46.70B | $46.80B | $43.98B | · | $42.24B | $41.00B | |
| Accrued Liabilities | $5.04B | $5.49B | $6.03B | $5.07B | $4.92B | $4.83B | $5.03B | $4.79B | $4.38B | $4.92B | $4.40B | $4.01B | $4.09B | · | $4.45B | $4.28B | |
| Short-term Debt | · | · | · | · | · | · | $2.42B | · | · | · | $218M | · | · | · | $617M | · | |
| Current Liabilities | $70.36B | $67.02B | $68.13B | $68.03B | $64.33B | $61.60B | $58.56B | $58.77B | $56.43B | $52.36B | $51.66B | $51.15B | $48.42B | · | $48.01B | $48.36B | |
| Capital Leases | $1.68B | $1.80B | $1.78B | $1.76B | $1.86B | $1.48B | $1.49B | $1.23B | $1.47B | $1.47B | $1.42B | $1.44B | $1.46B | · | $1.41B | $1.31B | |
| Deferred Tax | $1.36B | $1.33B | $1.11B | $1.09B | $987M | $1.03B | $1.09B | $1.05B | $928M | $917M | $978M | $1.11B | $1.14B | · | $1.47B | $1.66B | |
| Other Non-current Liabilities | $2.74B | $2.66B | $2.74B | $2.75B | $2.87B | $2.66B | $2.60B | $2.71B | $2.52B | $2.61B | $2.38B | $2.20B | $2.07B | · | $1.80B | $1.54B | |
| Long-term Debt | $9.73B | $6.53B | $6.56B | $7.76B | $7.78B | $5.65B | $5.59B | $5.74B | $5.63B | $5.63B | $5.67B | $5.58B | $5.66B | · | · | · | |
| Total Debt | · | · | · | · | · | · | $2.42B | · | · | · | $218M | · | · | · | $617M | · | |
| Common Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | · | $3M | $3M | |
| Paid-in Capital | $8.59B | $8.28B | $8.55B | $8.50B | $8.45B | $8.37B | $8.29B | $8.22B | $8.13B | $8.05B | $7.96B | $7.90B | $7.82B | · | $7.54B | $7.61B | |
| Retained Earnings | $22.81B | $22.29B | $20.71B | $19.62B | $18.62B | $17.92B | $16.75B | $15.96B | $15.81B | $14.98B | $14.27B | $13.76B | $13.18B | · | $11.58B | $10.58B | |
| Treasury Stock | $34.89B | $32.01B | $29.65B | $28.95B | $28.14B | $27.44B | $27.14B | $26.31B | $24.78B | $24.12B | $23.47B | $22.60B | $21.76B | · | $20.68B | $18.84B | |
| AOCI | $-749M | $-745M | $-903M | $-908M | $-898M | $-932M | $-989M | $-890M | $-913M | $-881M | $-812M | $-887M | $-848M | · | $-899M | $-1.11B | |
| Stockholders' Equity | $-4.24B | $-2.17B | $-1.30B | $-1.74B | $-1.97B | $-2.07B | $-3.08B | $-3.02B | $-1.75B | $-1.97B | $-2.05B | $-1.83B | $-1.60B | · | $-2.46B | $-1.77B | |
| Liabilities + Equity | $88.33B | $82.32B | $84.19B | $84.16B | $81.31B | $75.14B | $71.08B | $72.43B | $71.67B | $67.44B | $66.51B | $66.09B | $64.10B | · | $62.69B | $63.08B | |
| Shares Outstanding | 280,000,000 | 280,000,000 | 280,000,000 | 280,000,000 | 280,000,000 | 279,000,000 | · | · | · | 278,000,000 | 278,000,000 | 278,000,000 | · | 277,000,000 | · | · |
Cash Flow
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $195M | $196M | $188M | $188M | $157M | $151M | $153M | $163M | $169M | · | · | · | · | · | · | · | |
| Amort. of Intangibles | $74M | $73M | $73M | $80M | $50M | $50M | $53M | $60M | $63M | $63M | $62M | $62M | $62M | $66M | $57M | $57M | |
| Restructuring | $136M | $99M | $36M | $63M | $47M | $68M | $32M | $234M | $10M | $31M | $4M | $28M | $52M | $125M | $31M | $30M | |
| Operating Cash Flow | $-220M | $3.42B | $1.23B | $2.42B | $-918M | $7.75B | $-2.38B | $2.10B | $-1.38B | $4.15B | $254M | $965M | $-1.05B | $3.33B | $1.67B | $1.11B | |
| CapEx | $112M | $111M | $108M | $106M | $111M | $169M | $126M | $136M | $106M | $188M | $90M | $75M | $78M | $125M | $108M | $86M | |
| Investing Cash Flow | $-214M | $425M | $-269M | $-24M | $-3.56B | $-224M | $-136M | $-286M | $-87M | $-577M | $-180M | $-166M | $-149M | $-244M | $-414M | $77M | |
| Debt Issued | $3.21B | $0 | $0 | $0 | $1.99B | $0 | $0 | $498M | $0 | $0 | $0 | $0 | $991M | $498M | $499M | $0 | |
| Net Debt Issued | $3.21B | · | · | · | $1.99B | · | · | · | $0 | · | · | · | $723M | · | · | · | |
| Stock Repurchased | $2.53B | $2.67B | $680M | $818M | $581M | $300M | $827M | $1.49B | $527M | $678M | $842M | $809M | $696M | $138M | $2.02B | $484M | |
| Net Stock Activity | $-2.53B | · | · | · | $-581M | · | · | · | $-527M | · | · | · | $-696M | · | · | · | |
| Dividends Paid | $102M | $101M | $101M | $89M | $90M | $91M | $92M | $80M | $82M | $82M | $83M | $75M | $74M | $76M | $77M | $68M | |
| Financing Cash Flow | $1.63B | $-2.82B | $-2.03B | $-961M | $1.18B | $-2.85B | $1.30B | $-1.60B | $-809M | $-968M | $-622M | $-909M | $-843M | $-1.19B | $-1.43B | $-572M | |
| Net Change in Cash | $1.19B | $1.01B | $-1.06B | $1.43B | $-3.27B | $4.67B | $-1.23B | $207M | $-2.28B | $2.60B | $-541M | $-113M | $-2.04B | $1.90B | $-180M | $618M | |
| Free Cash Flow | $-332M | · | · | · | $-1.03B | · | · | · | $-1.49B | · | · | · | $-1.13B | · | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | $-1.55B | · | · | · | $-1.17B | · | · | · |
Profitability
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.5% | · | 3.5% | 3.4% | 3.4% | · | 3.5% | 3.5% | 4.0% | · | 3.9% | 4.0% | 4.1% | · | 4.5% | 4.4% | |
| Operating Margin | 1.2% | · | 1.5% | 1.4% | 1.1% | · | 1.3% | 0.62% | 1.3% | · | 0.79% | 1.2% | 1.5% | · | 1.8% | 1.6% | |
| Net Margin | 0.58% | · | 1.1% | 1.1% | 0.80% | · | 0.92% | 0.26% | 1.1% | · | 0.73% | 0.86% | 1.3% | · | 1.5% | 1.3% | |
| Pretax Margin | 1.2% | · | 1.5% | 1.4% | 1.1% | · | 1.3% | 0.57% | 1.4% | · | 0.76% | 1.2% | 1.5% | · | 2.1% | 1.8% | |
| EBITDA Margin | 1.2% | · | 1.5% | 1.4% | 1.1% | · | 1.3% | 0.62% | 1.3% | · | 0.79% | 1.2% | 1.5% | · | 1.8% | 1.6% | |
| ROA | 0.72% | · | 1.5% | 1.4% | 1.0% | · | 1.3% | 0.35% | 1.4% | · | 0.91% | 1.0% | 1.5% | · | 1.7% | 1.5% | |
| ROE | -19.8% | · | -54.1% | -46.7% | -42.1% | · | -34.2% | -10.0% | -54.5% | · | -26.1% | -36.9% | -53.1% | · | -57.9% | -79.2% | |
| ROIC | -24.5% | · | -95.7% | -67.5% | -41.6% | · | -140.6% | -10.3% | -51.9% | · | -36.0% | -39.9% | -62.7% | · | -52.2% | -49.8% |
Liquidity & Solvency
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 1.0 | |
| Quick Ratio | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | |
| Debt / Equity | · | · | · | · | · | · | -0.8 | · | · | · | -0.1 | · | · | · | -0.3 | · | |
| Interest Coverage | · | · | · | · | · | · | 18.3 | 7.4 | 13.7 | · | 10.0 | 15.6 | 23.4 | · | 18.0 | 20.4 |
Efficiency
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.2 | · | 1.4 | 1.3 | 1.3 | · | 1.4 | 1.4 | 1.2 | · | 1.3 | 1.2 | 1.2 | · | 1.1 | 1.1 | |
| Inventory Turnover | 4.0 | · | 4.0 | 4.0 | 3.7 | · | 4.0 | 3.9 | 3.3 | · | 3.6 | 3.5 | 3.6 | · | 3.4 | 3.4 | |
| Receivables Turnover | 3.6 | · | 3.9 | 3.9 | 3.8 | · | 3.9 | 3.9 | 3.5 | · | 3.7 | 3.6 | 3.6 | · | 3.6 | 3.5 |
Per Share
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $-15.14 | · | $-4.64 | $-6.21 | $-7.03 | · | · | · | · | · | $-7.38 | $-6.58 | · | · | · | · | |
| Revenue / Share | $884.06 | · | $858.19 | $829.18 | $779.50 | · | $752.72 | $724.29 | $606.60 | · | $606.89 | $572.81 | $545.26 | · | $499.93 | $486.86 | |
| Cash Flow / Share | $-1.85 | · | · | · | $-7.31 | · | · | · | $-10.56 | · | · | · | $-7.70 | · | · | · | |
| Cash / Share | $18.44 | · | $10.57 | $14.30 | $8.64 | · | · | · | · | · | $7.13 | $9.08 | · | · | · | · | |
| Dividend / Share | $0.82 | $0.82 | $0.82 | $0.82 | $0.71 | $0.71 | $0.71 | $0.71 | $0.62 | $0.62 | $0.62 | $0.62 | $0.54 | $0.54 | $0.54 | $0.54 | |
| EPS (TTM) | $37.28 | · | $34.66 | $32.02 | $24.97 | · | $21.85 | $19.32 | $22.37 | · | $22.05 | $25.29 | $26.79 | · | $21.83 | $14.13 |
Valuation (TTM)
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $410.98B | · | $397.96B | $387.09B | $377.60B | · | $344.58B | $330.19B | $313.75B | · | $301.51B | $291.10B | $284.04B | · | $273.90B | $272.03B | |
| Net Income TTM | $4.59B | · | $4.34B | $4.03B | $3.16B | · | $2.83B | $2.54B | $2.96B | · | $3.00B | $3.49B | $3.75B | · | $3.14B | $2.06B | |
| Market Cap | $211.57B | · | $229.68B | $216.31B | $205.18B | · | · | · | · | · | $128.71B | $120.89B | · | · | · | · | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | $126.94B | · | · | · | · | · | |
| P/E | 20.3 | · | 23.7 | 24.1 | 29.3 | · | 26.1 | 25.6 | 26.1 | · | 21.0 | 17.2 | 16.0 | · | 17.2 | 24.1 | |
| P/S | 0.5 | · | 0.6 | 0.6 | 0.5 | · | · | · | · | · | 0.4 | 0.4 | · | · | · | · | |
| P/B | -49.9 | · | -177.0 | -124.4 | -104.3 | · | · | · | · | · | -62.7 | -66.1 | · | · | · | · | |
| P / Cash Flow | -961.7 | · | · | · | -223.5 | · | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | 0.4 | · | · | · | · | · | |
| Dividend Yield | 0.19% | · | 0.16% | 0.17% | 0.17% | · | · | · | · | · | 0.24% | 0.25% | · | · | · | · | |
| Earnings Yield | 4.9% | · | 4.2% | 4.1% | 3.4% | · | 3.8% | 3.9% | 3.8% | · | 4.8% | 5.8% | 6.3% | · | 5.8% | 4.2% | |
| Payout Ratio | 16.6% | · | · | · | 11.5% | · | · | · | 9.0% | · | · | · | 7.7% | · | · | · | |
| Annual Payout | $393M | · | $371M | $362M | $353M | · | $336M | $327M | $322M | · | $308M | $302M | $295M | · | $287M | $282M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Revenue | $403.43B | $359.05B | $308.95B | $276.71B | $263.97B |
| Gross Margin % | 3.6% | 3.7% | 4.2% | 4.5% | 5.0% |
| Operating Margin % | 1.5% | 1.2% | 1.3% | 1.6% | 0.77% |
| Net Income | $4.76B | $3.29B | $3.00B | $3.56B | $1.11B |
| Diluted EPS | $38.38 | $25.72 | $22.39 | $25.03 | $7.23 |
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 |
| Quick Ratio | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $5.72B | $5.55B | $3.88B | $4.77B | $4.05B |
Institutional owners (13F) 2,150 filers · $88.7B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 153 (-70 vs prior Q) | 172 (+62 vs prior Q) | 709 (-12 vs prior Q) | 808 (+9 vs prior Q) | -917K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $9,929,379,949 | 12,104,719 | 11.19% | Shares |
| BlackRock, Inc. | $8,156,743,128 | 10,795,054 | 9.19% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $5,933,830,317 | 7,853,137 | 6.69% | Shares |
| STATE STREET CORP | $4,332,044,460 | 5,727,118 | 4.88% | Shares |
| MORGAN STANLEY | $4,009,322,965 | 5,306,142 | 4.52% | Shares |
| FRANKLIN RESOURCES INC | $2,195,104,432 | 2,905,114 | 2.47% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,171,002,765 | 2,873,217 | 2.45% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $2,122,633,361 | 2,822,155 | 2.39% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $1,856,409,681 | 2,446,386 | 2.09% | Shares |
| FMR LLC | $1,609,644,933 | 2,130,288 | 1.81% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,459,856,262 | 1,686,993 | 1.65% | Shares |
| JPMORGAN CHASE & CO | $1,307,326,455 | 1,748,860 | 1.47% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $1,172,653,420 | 1,551,950 | 1.32% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $1,162,800,264 | 1,538,910 | 1.31% | Shares |
| NORGES BANK | $1,155,354,714 | 1,529,056 | 1.30% | Shares |
| NORTHERN TRUST CORP | $1,089,832,104 | 1,442,340 | 1.23% | Shares |
| BANK OF AMERICA CORP /DE/ | $998,896,258 | 1,321,991 | 1.13% | Shares |
| GOLDMAN SACHS GROUP INC | $998,245,020 | 1,321,129 | 1.13% | Shares |
| ROYAL BANK OF CANADA | $969,670,000 | 1,283,310 | 1.09% | Shares |
| Boston Partners | $886,429,627 | 1,169,676 | 1.00% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $772,615,908 | 892,826 | 0.87% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $752,881,296 | 1,004,498 | 0.85% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $750,616,062 | 993,404 | 0.85% | Shares |
| Invesco Ltd. | $741,374,287 | 981,173 | 0.84% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $716,048,576 | 957,886 | 0.81% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $660,952,714 | 878,727 | 0.74% | Shares |
| Legal & General Group Plc | $656,565,781 | 868,933 | 0.74% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $651,461,785 | 862,182 | 0.73% | Shares |
| Swedbank AB | $599,752,211 | 793,743 | 0.68% | Shares |
| Bank of New York Mellon Corp | $599,060,414 | 792,827 | 0.68% | Shares |
| JANE STREET GROUP, LLC | $564,475,513 | 747,056 | 0.64% | Shares |
| JANUS HENDERSON GROUP PLC | $544,225,633 | 628,945 | 0.61% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $521,570,279 | 690,273 | 0.59% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $495,737,070 | 656,084 | 0.56% | Shares |
| Carmignac Gestion | $473,673,923 | 626,904 | 0.53% | Shares |
| UBS Group AG | $437,609,518 | 579,155 | 0.49% | Shares |
| Qube Research & Technologies Ltd | $394,087,714 | 521,556 | 0.44% | Shares |
| Nuveen, LLC | $373,580,007 | 494,416 | 0.42% | Shares |
| D. E. Shaw & Co., Inc. | $365,591,771 | 483,843 | 0.41% | Shares |
| CITADEL ADVISORS LLC | $347,885,041 | 460,409 | 0.39% | Shares |
| Amundi | $346,107,082 | 458,056 | 0.39% | Shares |
| DEUTSCHE BANK AG\ | $337,315,707 | 446,421 | 0.38% | Shares |
| BANK OF MONTREAL /CAN/ | $328,766,658 | 435,107 | 0.37% | Shares |
| TD Asset Management Inc | $321,475,309 | 425,457 | 0.36% | Shares |
| Winslow Capital Management, LLC | $317,760,779 | 420,541 | 0.36% | Shares |
| National Pension Service | $307,598,715 | 407,092 | 0.35% | Shares |
| WELLS FARGO & COMPANY/MN | $305,439,094 | 404,234 | 0.34% | Shares |
| BARCLAYS PLC | $292,560,763 | 387,190 | 0.33% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $291,059,796 | 385,204 | 0.33% | Shares |
| SurgoCap Partners LP | $284,762,972 | 376,870 | 0.32% | Shares |
Activists & 5%+ owners 5 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 |
|---|---|---|---|---|---|
| Undisclosed reporting person | Aug. 24, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Aug. 22, 2005 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | July 22, 2005 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | July 19, 2005 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | July 27, 2001 | · | 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.
Company insiders 59 insiders · 31 officers · 28 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Brian S. Tyler | Chief Executive Officer | July 7, 2026 S | 5,919 | 0 | 3 | $-17,036,650 |
| John H Hammergren | Chairman, President & CEO | May 30, 2018 A | 0 | 0 | 0 | $0 |
| Kenny K Cheung | EVP & CFO | May 29, 2026 A | · | 0 | 0 | $0 |
| Britt J. Vitalone | EVP & CFO | May 23, 2026 M | 21,953 | 0 | 0 | $0 |
| James A Beer | EVP & Chief Financial Officer | May 27, 2017 M | 22,152 | 0 | 0 | $0 |
| Jeffrey C Campbell | EVP, Chief Financial Officer | May 26, 2013 M | 0 | 0 | 0 | $0 |
| Napoleon B Rutledge JR | SVP, Controller & CAO | Sept. 8, 2026 S | 521 | 0 | 4 | $-797,279 |
| Thomas L Rodgers | EVP, Chief Strategy & BDO | June 2, 2026 S | 2,268 | 0 | 4 | $-2,647,169 |
| Leann B Smith | EVP & Chief HR Officer | June 1, 2026 S | 4,798 | 0 | 2 | $-1,510,805 |
| Michele Lau | EVP and Chief Legal Officer | May 26, 2026 S | 3,247 | 0 | 3 | $-5,682,437 |
| Francisco Fraga | EVP, CIO and CTO | May 23, 2026 M | 6,210 | 0 | 0 | $0 |
| Nancy Flores | EVP, CIO & CTO | May 31, 2023 S | 4,631 | 0 | 0 | $0 |
| Lori A. Schechter | EVP, Chief Legal Officer & GC | May 31, 2023 S | 186 | 0 | 0 | $0 |
| Tracy Faber | EVP & Chief HR Officer | Nov. 8, 2022 M | 0 | 0 | 0 | $0 |
| Kevin Emerson | SVP, Controller & CAO | Feb. 2, 2022 S | 0 | 0 | 0 | $0 |
| Sundeep G. Reddy | SVP & Controller | June 15, 2021 S | 3,290 | 0 | 0 | $0 |
| Kathleen D. Mcelligott | EVP, CIO & CTO | May 30, 2019 M | 8,595 | 0 | 0 | $0 |
| Bansi Nagji | EVP, Chief Strategy & BDO | May 24, 2019 M | 4,805 | 0 | 0 | $0 |
| Jorge Figueredo | EVP & CHRO | May 21, 2019 F | 17,832 | 0 | 0 | $0 |
| Erin Brewer | SVP & Chief Accounting Officer | May 30, 2018 A | 64 | 0 | 0 | $0 |
| Paul C Julian | EVP, Group President | May 27, 2017 M | 29,046 | 0 | 0 | $0 |
| Patrick Blake | EVP, Group President | May 24, 2016 A | 2,167 | 0 | 0 | $0 |
| Nigel A Rees | SVP & Controller | May 24, 2016 A | 6,036 | 0 | 0 | $0 |
| Randall N Spratt | EVP, CTO & CIO | May 24, 2015 M | 30,138 | 0 | 0 | $0 |
| Laureen Seeger | EVP,GC & Chief Compl. Officer | May 29, 2014 M | 0 | 0 | 0 | $0 |
| Marc E Owen | EVP, Corp.Strategy & Bus. Dev. | May 24, 2011 A | 13,600 | 0 | 0 | $0 |
| Paul E Kirincic | EVP, Human Resources | Aug. 6, 2008 M | 0 | 0 | 0 | $0 |
| PURE PAMELA J | EVP, Pres. Provider Tech. | July 31, 2008 S | 3,474 | 0 | 0 | $0 |
| Ivan D Meyerson | EVP, Gen. Counsel & Secretary | Feb. 10, 2006 S | 807 | 0 | 0 | $0 |
| SMITH CHERYL T/CA | EVP, CIO | May 10, 2005 M | 0 | 0 | 0 | $0 |
| Graham O King | Senior Vice President | Feb. 2, 2004 S | 0 | 0 | 0 | $0 |
| James H. Hinton | Director | July 22, 2026 A | · | 0 | 0 | $0 |
| Lynne M Doughtie | Director | July 22, 2026 A | · | 0 | 0 | $0 |
| Julie L. Gerberding | Director | July 22, 2026 A | · | 0 | 0 | $0 |
| Maria Martinez | Director | July 22, 2026 A | 578 | 0 | 1 | $-328,011 |
| Kevin M Ozan | Director | July 22, 2026 A | · | 0 | 0 | $0 |
| Dominic J Caruso | Director | July 22, 2026 A | 927 | 0 | 0 | $0 |
| Deborah Dunsire | Director | July 22, 2026 A | · | 0 | 0 | $0 |
| Kathleen Wilson-Thompson | Director | July 22, 2026 A | 578 | 0 | 0 | $0 |
| Webster Roy Dunbar | Director | July 22, 2026 A | · | 0 | 0 | $0 |
| Donald R Knauss | Director | July 30, 2025 A | 773 | 0 | 0 | $0 |
| Richard H Carmona | Director | July 31, 2024 A | · | 0 | 0 | $0 |
| Susan R Salka | Director | May 13, 2024 S | 0 | 0 | 0 | $0 |
| Linda Provie Mantia | Director | July 21, 2023 A | 483 | 0 | 0 | $0 |
| Kenneth E Washington | Director | July 23, 2021 A | · | 0 | 0 | $0 |
| Edward A Mueller | Director | July 23, 2021 A | 204 | 0 | 0 | $0 |
| KNOWLES MARIE L/CA | Director | July 23, 2021 D | 7,551 | 0 | 0 | $0 |
| Christine M Jacobs | Director | July 23, 2021 D | 7,551 | 0 | 0 | $0 |
| Anthony N Coles | Director | Aug. 17, 2020 S | 0 | 0 | 0 | $0 |
| Andy D Bryant | Director | July 26, 2017 A | · | 0 | 0 | $0 |
| Wayne A Budd | Director | Dec. 5, 2016 S | 0 | 0 | 0 | $0 |
| Alton F Irby III | Director | July 29, 2015 A | 6,728 | 0 | 0 | $0 |
| David M Lawrence | Director | July 29, 2015 A | 0 | 0 | 0 | $0 |
| Jane E Shaw | Director | July 31, 2013 A | 8,780 | 0 | 0 | $0 |
| James V Napier | Director | June 1, 2009 M | 16,160 | 0 | 0 | $0 |
| Robert W Matschullat | Director | May 30, 2007 M | 0 | 0 | 0 | $0 |
| SYRON RICHARD F/CA | Director | July 27, 2005 A | · | 0 | 0 | $0 |
| Bradley E Lerman | · | Aug. 10, 2026 S | 0 | 0 | 1 | $-268,588 |
| Ramesh (Nmn) Srinivasan | · | Aug. 7, 2026 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 147 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 |
|---|---|---|---|---|
| SEMG · EA Series Trust | 4.65% | 3,394 NS | July 31, 2026 | N-PORT |
| IYK · iShares Trust | 4.10% | 64,462 SH | Sept. 11, 2026 | Daily |
| GRW · TCW ETF Trust | 3.54% | 2,683 NS | July 31, 2026 | N-PORT |
| STNC · Hennessy Funds Trust | 3.48% | 3,775 NS | July 31, 2026 | N-PORT |
| BDIV · ETF Series Solutions | 2.42% | 189 NS | July 31, 2026 | N-PORT |
| POWA · Invesco Exchange-Traded Self-Indexe… | 2.24% | 4,112 SH | Oct. 2, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 2.12% | 229,549 SH | Oct. 2, 2026 | Daily |
| MEDI · Harbor ETF Trust | 2.02% | 974 NS | July 31, 2026 | N-PORT |
| SMRI · EA Series Trust | 1.97% | 14,839 NS | July 31, 2026 | N-PORT |
| ABFL · Abacus FCF ETF Trust | 1.85% | 11,375 NS | July 31, 2026 | N-PORT |
| TEXN · iShares Trust | 1.79% | 382 SH | Sept. 11, 2026 | Daily |
| COWZ · Pacer Funds Trust | 1.79% | 389,898 NS | July 31, 2026 | N-PORT |
| FLAG · Global X Funds | 1.77% | 35 NS | July 31, 2026 | N-PORT |
| RSPH · Invesco Exchange-Traded Fund Trust | 1.67% | 16,142 SH | Oct. 2, 2026 | Daily |
| GDIV · Harbor ETF Trust | 1.58% | 4,330 NS | July 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 1.52% | 58,268 NS | July 31, 2026 | N-PORT |
| IWLG · New York Life Investments Active ET… | 1.39% | 5,059 NS | July 31, 2026 | N-PORT |
| FMAG · FIDELITY COVINGTON TRUST | 1.39% | 3,989 NS | July 31, 2026 | N-PORT |
| VHT · VANGUARD WORLD FUND | 1.36% | 368,213 SH | Aug. 19, 2026 | Daily |
| USMV · iShares Trust | 1.36% | 365,933 SH | Sept. 11, 2026 | Daily |
| SPVM · Invesco Exchange-Traded Fund Trust | 1.36% | 1,988 SH | Oct. 2, 2026 | Daily |
| ESMV · iShares Trust | 1.35% | 119 SH | Sept. 11, 2026 | Daily |
| IXJ · iShares Trust | 1.34% | 63,266 SH | Sept. 11, 2026 | Daily |
| UPSD · ETF Series Solutions | 1.24% | 1,694 NS | July 31, 2026 | N-PORT |
| CURE · Direxion Shares ETF Trust | 1.18% | 2,365 NS | July 31, 2026 | N-PORT |
| SRHQ · Elevation Series Trust | 1.09% | 2,700 NS | July 31, 2026 | N-PORT |
| RPV · Invesco Exchange-Traded Fund Trust | 1.05% | 19,605 SH | Oct. 2, 2026 | Daily |
| VAMO · Cambria ETF Trust | 0.97% | 1,235 NS | July 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.95% | 27,663 NS | July 31, 2026 | N-PORT |
| FXG · First Trust Exchange-Traded AlphaDE… | 0.92% | 2,469 NS | July 31, 2026 | N-PORT |
| ACWV · iShares, Inc. | 0.86% | 32,856 SH | Sept. 11, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.81% | 8,648 SH | Oct. 2, 2026 | Daily |
| LCOW · Pacer Funds Trust | 0.79% | 240 NS | July 31, 2026 | N-PORT |
| QLC · FlexShares Trust | 0.76% | 8,960 NS | July 31, 2026 | N-PORT |
| LSEQ · Harbor ETF Trust | 0.72% | 128 NS | July 31, 2026 | N-PORT |
| INFO · Harbor ETF Trust | 0.63% | 6,247 NS | July 31, 2026 | N-PORT |
| LGDX · Tidal Trust III | 0.63% | 1,044 NS | July 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.60% | 151 SH | Sept. 11, 2026 | Daily |
| VFMV · VANGUARD WELLINGTON FUND | 0.56% | 3,088 SH | Aug. 19, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.53% | 27,867 SH | Oct. 2, 2026 | Daily |
| GLOF · iShares Trust | 0.53% | 1,202 SH | Sept. 11, 2026 | Daily |
| QDEF · FlexShares Trust | 0.50% | 3,198 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.49% | 7,428 NS | July 31, 2026 | N-PORT |
| EGUS · iShares Trust | 0.49% | 153 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.47% | 605,000 | Oct. 2, 2026 | Daily |
| MGV · VANGUARD WORLD FUND | 0.43% | 75,551 SH | Aug. 19, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.41% | 11,869 NS | July 31, 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.40% | 679,090 SH | Aug. 19, 2026 | Daily |
| NULG · Nushares ETF Trust | 0.40% | 12,363 NS | July 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.39% | 3,304 SH | Oct. 2, 2026 | Daily |
| IWY · iShares Trust | 0.36% | 63,142 SH | Sept. 11, 2026 | Daily |
| IVE · iShares Trust | 0.36% | 199,753 SH | Sept. 11, 2026 | Daily |
| GARP · iShares Trust | 0.35% | 12,169 SH | Sept. 11, 2026 | Daily |
| ESG · FlexShares Trust | 0.35% | 540 NS | July 31, 2026 | N-PORT |
| VEGN · ETF Series Solutions | 0.35% | 723 NS | July 31, 2026 | N-PORT |
| VTV · VANGUARD INDEX FUNDS | 0.34% | 1,143,245 SH | Aug. 19, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.34% | 1,807 NS | July 31, 2026 | N-PORT |
| IUSV · iShares Trust | 0.34% | 105,249 SH | Sept. 11, 2026 | Daily |
| LRGF · iShares Trust | 0.33% | 13,615 SH | Sept. 11, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.32% | 575 NS | July 31, 2026 | N-PORT |
| IQSU · New York Life Investments ETF Trust | 0.32% | 1,229 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.31% | 29 NS | July 31, 2026 | N-PORT |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.31% | 27,677 SH | Aug. 19, 2026 | Daily |
| IWF · iShares Trust | 0.31% | 432,195 SH | Sept. 11, 2026 | Daily |
| ROUS · Lattice Strategies Trust | 0.29% | 2,361 NS | July 31, 2026 | N-PORT |
| VFMF · VANGUARD WELLINGTON FUND | 0.28% | 2,568 SH | Aug. 19, 2026 | Daily |
| ESGU · iShares Trust | 0.27% | 54,515 SH | Sept. 11, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.26% | 2,924 SH | Aug. 19, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.26% | 182,076 SH | Aug. 19, 2026 | Daily |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 12,834 NS | July 31, 2026 | N-PORT |
| EGLE · Global X Funds | 0.23% | 6 NS | July 31, 2026 | N-PORT |
| GLBL · Pacer Funds Trust | 0.23% | 3 NS | July 31, 2026 | N-PORT |
| ILCV · iShares Trust | 0.23% | 3,463 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.21% | 1,024 SH | Sept. 11, 2026 | Daily |
| EUSA · iShares, Inc. | 0.21% | 4,591 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.21% | 218,831 SH | Oct. 2, 2026 | Daily |
| TOPC · iShares Trust | 0.20% | 73 SH | Sept. 11, 2026 | Daily |
| IWL · iShares Trust | 0.19% | 4,754 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.19% | 3,532 SH | Oct. 2, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.19% | 5,042 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.18% | 1,634 SH | Oct. 2, 2026 | Daily |
| XVV · iShares Trust | 0.18% | 1,379 SH | Sept. 11, 2026 | Daily |
| XTR · Global X Funds | 0.18% | 10 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.17% | 4,849,000 | Oct. 2, 2026 | Daily |
| DYNF · BlackRock ETF Trust | 0.17% | 82,015 SH | Sept. 11, 2026 | Daily |
| ACIO · ETF Series Solutions | 0.17% | 4,727 NS | July 31, 2026 | N-PORT |
| MGC · VANGUARD WORLD FUND | 0.17% | 23,995 SH | Aug. 19, 2026 | Daily |
| XCLR · Global X Funds | 0.17% | 7 NS | July 31, 2026 | N-PORT |
| HDUS · Lattice Strategies Trust | 0.17% | 395 NS | July 31, 2026 | N-PORT |
| ADME · ETF Series Solutions | 0.16% | 561 NS | July 31, 2026 | N-PORT |
| NULC · Nushares ETF Trust | 0.16% | 134 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.16% | 1,515,019 SH | Sept. 11, 2026 | Daily |
| BKLC · BNY Mellon ETF Trust | 0.16% | 10,313 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.16% | 693 SH | Oct. 2, 2026 | Daily |
| XYLD · Global X Funds | 0.16% | 6,061 NS | July 31, 2026 | N-PORT |
| ESGV · VANGUARD WORLD FUND | 0.16% | 27,732 SH | Aug. 19, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 16,608 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.16% | 6,084 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.16% | 20,304 SH | Oct. 2, 2026 | Daily |
| XRMI · Global X Funds | 0.16% | 93 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.16% | 2,330 SH | Sept. 11, 2026 | Daily |
| VOTE · TCW ETF Trust | 0.16% | 2,034 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.16% | 116 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.15% | 84,959 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.15% | 5,145 SH | Sept. 11, 2026 | Daily |
| TOV · EA Series Trust | 0.15% | 474 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.15% | 33,697 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.15% | 454 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.15% | 35,875 NS | July 31, 2026 | N-PORT |
| USCL · iShares Trust | 0.14% | 4,646 SH | Sept. 11, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.14% | 2,886 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.14% | 156,506 SH | Sept. 11, 2026 | Daily |
| VOO · VANGUARD INDEX FUNDS | 0.14% | 3,121,565 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.14% | 140,387 SH | Aug. 19, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.13% | 92 SH | Oct. 2, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.13% | 9 NS | July 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.13% | 20,303 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.13% | 10,327 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.13% | 3,318 NS | July 31, 2026 | N-PORT |
| HCMT · Direxion Shares ETF Trust | 0.13% | 836 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.12% | 3,689,000 | Oct. 2, 2026 | Daily |
| TOK · iShares Trust | 0.12% | 326 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.12% | 13,138 SH | Oct. 2, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.12% | 3,816,935 SH | Aug. 19, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.12% | 9,392 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.12% | 16,946 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.11% | 10,540 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.10% | 37,218 SH | Sept. 11, 2026 | Daily |
| DGRO · iShares Trust | 0.10% | 47,793 SH | Sept. 11, 2026 | Daily |
| ILCG · iShares Trust | 0.09% | 3,066 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.08% | 103,021 SH | Aug. 19, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.08% | 2,973 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.04% | 21,978 NS | July 31, 2026 | N-PORT |
| IWX · iShares Trust | 0.03% | 1,125 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 4,649 SH | Aug. 19, 2026 | Daily |
| QLV · FlexShares Trust | 0.02% | 36 NS | July 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.02% | 17,035 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.01% | 51 NS | July 31, 2026 | N-PORT |
| GTOS · Invesco Actively Managed Exchange-T… | 0.00% | 2,000 | Sept. 30, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.00% | 39,000 | Sept. 30, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 14, 2026 | Daily |
| BNDX · VANGUARD CHARLOTTE FUNDS | · | · | July 13, 2026 | Daily |
MCK Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
14 analysts · 2026-09-30Mean target $979.36 +8.5%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
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