MUSA Murphy USA Inc. Common Stock
$573.96
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$350–$636
78% of range
Analyst Rating
BUY
18 analysts
Price Target
$623
+8% upside
P/E (TTM)
16.7
ROE
74.1%
Net Profit Margin
2.4%
About Murphy USA Inc. Common Stock Company overview from Wikipedia
Murphy USA is an American corporation based in El Dorado, Arkansas that operates a chain of retail gas stations that are primarily located in proximity to Walmart stores. It was founded as a spin-off of Murphy Oil in 2013.
Read more
Murphy USA is an American corporation based in El Dorado, Arkansas that operates a chain of retail gas stations that are primarily located in proximity to Walmart stores. It was founded as a spin-off of Murphy Oil in 2013.
In the first quarter of 2016, Murphy USA announced a change in its relationship with Walmart, as they began opening their own in-house gas stations and convenience stores. It plans to increase its locations independently of Walmart sites. In 2016, Murphy USA announced that Core-Mark would be the sole distributor for their chain. It said, "...this partnership will allow Murphy to offer a larger selection of popular convenience store products."
On December 14, 2020, Murphy USA announced that it has reached an agreement to purchase QuickChek convenience stores, based in Whitehouse Station, New Jersey, for $645 million.
As of June 2024, it was ranked 214 on the Fortune 500 list of the largest United States corporations by revenue and ranked 89 on the Fortune's 100 Fastest-Growing Companies.
Locations
Murphy USA opened its first stores exclusively adjacent to Walmart properties. As of February 21, 2024, Murphy USA operates 1,700 retail fueling stations in 27 US states and over 1,100 sites are located near Walmart stores. Murphy USA also has 240 Murphy Express branded stores, which are located independently. Murphy Express sites are typically large-format facilities (1,200-3,400+ square feet) that offer a larger array of products and more fueling lanes than the original format.
Ownership
In October 2025, Mindy K. West was appointed chief executive officer of Murphy USA, becoming one of the few women leading a Fortune 500 energy company. She succeeded Andrew Clyde, who had served as president and CEO of Murphy USA since its spin-off from Murphy Oil in 2013. Her appointment took effect on January 1, 2026.
== References ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
MUSA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$573.96
Market Cap
—
P/E (TTM)
16.7
EPS (TTM)
$24.10
Revenue (TTM)
$19.38B
Div Yield
—
ROE
74.1%
Debt/Equity
—
52W Range
$350 – $636
MUSA 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
$19.38B
2016-12-31
→
2025-12-31
EPS
$24.10
2016-12-31
→
2025-12-31
Free Cash Flow
$374M
2016-12-31
→
2025-12-31
Margins
2.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
MUSA
Peer Median
P/E (TTM)
16.7
19.7
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
MUSA
Peer Median
Operating Margin
3.7%
—
Net Profit Margin
2.4%
3.0%
ROA
10.2%
5.1%
ROE
74.1%
28.6%
ROIC
89.0%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
MUSA
Peer Median
Current Ratio
0.8
0.9
Quick Ratio
0.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
MUSA
Peer Median
Revenue YoY
-4.2%
—
Revenue CAGR 3Y
-6.1%
—
Revenue CAGR 5Y
11.5%
—
EPS YoY
-0.04%
—
Net Income YoY
-6.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
MUSA
Peer Median
Payout Ratio
8.8%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
8.8%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 18, 2026 | $0.6400 |
| Feb. 23, 2026 | $0.6300 |
| Nov. 10, 2025 | $0.6300 |
| Aug. 25, 2025 | $0.5300 |
| May 12, 2025 | $0.5000 |
| Feb. 24, 2025 | $0.4900 |
| Nov. 4, 2024 | $0.4800 |
| Aug. 26, 2024 | $0.4500 |
| May 17, 2024 | $0.4400 |
| Feb. 23, 2024 | $0.4200 |
| Nov. 3, 2023 | $0.4100 |
| Aug. 25, 2023 | $0.3900 |
| May 12, 2023 | $0.3800 |
| Feb. 17, 2023 | $0.3700 |
| Nov. 7, 2022 | $0.3500 |
| Aug. 29, 2022 | $0.3200 |
| May 16, 2022 | $0.3100 |
| Feb. 17, 2022 | $0.2900 |
| Nov. 5, 2021 | $0.2900 |
| Aug. 27, 2021 | $0.2500 |
MUSA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
18 analysts
- Strong Buy 4 22.2%
- Buy 8 44.4%
- Hold 6 33.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
10 analysts · 2026-08-15
Median
$622.00
Now
$573.96
Low
$550.00
High
$710.00
Median target
$622.00
+8.4%
Mean target
$622.70
+8.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.46%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $11.27 | $10.01 | 1.3% |
| March 31, 2026 | $7.28 | $5.14 | 2.1% |
| Dec. 31, 2025 | $7.53 | $6.91 | 0.62% |
| Sept. 30, 2025 | $6.76 | $7.12 | -0.36% |
| June 30, 2025 | $7.36 | $6.79 | 0.57% |
| March 31, 2025 | $2.63 | $4.09 | -1.5% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MUSA | — | 16.7 | -4.2% | 2.4% | 74.1% | — |
| CVNA | — | 49.9 | 48.6% | 6.9% | 59.9% | 20.6% |
| ORLY | $76.79B | 30.7 | 6.4% | 14.3% | -254.4% | 51.6% |
| AZO | $69.97B | 29.0 | 2.4% | 13.2% | -63.5% | 52.6% |
| PAG | $10.41B | 11.2 | -0.18% | 2.9% | 17.1% | 16.4% |
| KMX | $6.12B | 25.7 | -1.8% | 0.96% | 4.1% | 10.8% |
| LAD | $7.81B | 10.3 | 4.0% | 2.2% | 12.4% | 15.2% |
| AN | $7.27B | 12.1 | 3.2% | 2.4% | 27.0% | 17.9% |
| VVV | $4.56B | 21.9 | 5.6% | 12.3% | 71.8% | 38.5% |
| ABG | — | 9.3 | 4.7% | 2.7% | 12.8% | 17.1% |
| AAP | $2.33B | 53.3 | -5.4% | 0.51% | 2.0% | 43.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.38B | $20.24B | $21.53B | $23.45B | $17.36B | $11.26B | $14.03B | $14.36B | $12.83B | $11.59B | $12.70B | $16.99B | |
| Cost of Revenue | · | · | · | · | · | · | · | · | $1.99B | $1.97B | $1.95B | $1.86B | |
| SG&A Expense | $232M | $235M | $240M | $232M | $194M | $171M | $145M | $136M | $141M | $123M | $129M | $119M | |
| Operating Expenses | $18.66B | $19.50B | $20.70B | $22.48B | $16.76B | $10.71B | $13.77B | $14.09B | $12.54B | $11.29B | $12.44B | $16.62B | |
| Operating Income | $718M | $743M | $826M | $968M | $604M | $559M | $268M | $325M | $283M | $388M | $250M | $365M | |
| Interest Expense | · | · | $98M | $85M | $82M | $51M | $55M | $53M | $47M | $40M | $34M | $37M | |
| Other Non-op | $1M | $-600.0K | $0 | $-2M | $200.0K | $300.0K | $400.0K | $200.0K | $2M | $3M | $-463.0K | $10M | |
| Pretax Income | $609M | $652M | $734M | $884M | $522M | $509M | $202M | $274M | $240M | $352M | $218M | $339M | |
| Income Tax | $139M | $149M | $178M | $211M | $125M | $123M | $48M | $60M | $-5M | $131M | $81M | $116M | |
| Net Income | $471M | $502M | $557M | $673M | $397M | $386M | $155M | $214M | $245M | $222M | $176M | $244M | |
| EPS (Basic) | $24.38 | $24.47 | $25.91 | $28.63 | $15.14 | $13.25 | $4.90 | $6.54 | $6.85 | $5.64 | $4.06 | $5.29 | |
| EPS (Diluted) | $24.10 | $24.11 | $25.49 | $28.10 | $14.92 | $13.08 | $4.86 | $6.48 | $6.78 | $5.59 | $4.02 | $5.26 | |
| Shares (Basic) | 19,303,000 | 20,533,000 | 21,493,000 | 23,506,000 | 26,210,000 | 29,132,000 | 31,594,000 | 32,674,000 | 35,816,000 | 39,269,000 | 43,434,000 | 46,104,000 | |
| Shares (Diluted) | 19,526,000 | 20,842,000 | 21,843,000 | 23,950,000 | 26,604,000 | 29,526,000 | 31,858,000 | 32,983,000 | 36,156,000 | 39,646,000 | 43,794,000 | 46,417,000 | |
| EBITDA | $718M | $743M | $826M | $968M | $604M | $559M | $268M | $325M | $283M | $300M | $255M | $394M |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $29M | $47M | $118M | $60M | $256M | $164M | $280M | $184M | $170M | $154M | $34M | $327M | |
| Receivables | $276M | $268M | $337M | $282M | $196M | $169M | $173M | $139M | $225M | $184M | $136M | $138M | |
| Inventory | $413M | $402M | $341M | $319M | $292M | $279M | $228M | $222M | $182M | $153M | $156M | $157M | |
| Prepaid Expense | $30M | $31M | $24M | $48M | $23M | $14M | $30M | $25M | $36M | $25M | $41M | $12M | |
| Current Assets | $748M | $748M | $826M | $727M | $768M | $625M | $711M | $570M | $614M | $516M | $436M | $691M | |
| PP&E (Net) | · | · | · | · | · | · | $1.81B | $1.75B | $1.68B | $1.53B | $1.37B | $1.25B | |
| PP&E (Gross) | · | · | · | · | · | · | $2.89B | $2.72B | $2.55B | $2.31B | $2.09B | $1.91B | |
| Accum. Depreciation | · | · | · | · | · | · | $1.08B | $974M | $875M | $780M | $724M | $663M | |
| Goodwill | $328M | $328M | $328M | $328M | $328M | $0 | · | · | · | · | · | · | |
| Intangibles | $139M | $140M | $140M | $140M | $141M | $35M | · | · | · | · | · | · | |
| Other Non-current Assets | $22M | $20M | $18M | $15M | $14M | $11M | $169M | $42M | $37M | $41M | $13M | $11M | |
| Total Assets | $4.73B | $4.54B | $4.34B | $4.12B | $4.05B | $2.69B | $2.69B | $2.36B | $2.33B | $2.09B | $1.89B | $1.95B | |
| Accounts Payable | $865M | $874M | $835M | $839M | $660M | $471M | $466M | $457M | $513M | $473M | $390M | $381M | |
| Current Liabilities | $929M | $948M | $873M | $854M | $675M | $531M | $505M | $478M | $533M | $515M | $392M | $413M | |
| Capital Leases | $535M | $496M | $450M | $444M | $409M | $142M | $118M | $1M | · | · | · | · | |
| Deferred Tax | $388M | $343M | $330M | $327M | $296M | $218M | $217M | $192M | $154M | $205M | $161M | $138M | |
| Total Liabilities | $4.10B | $3.70B | $3.51B | $3.48B | $3.24B | $1.90B | $1.88B | $1.55B | $1.59B | $1.39B | $1.09B | $1.09B | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | $490M | $492M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | $492M | |
| Common Stock | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $468.0K | $468.0K | $468.0K | |
| Paid-in Capital | $482M | $488M | $508M | $519M | $535M | $533M | $539M | $539M | $550M | $555M | $558M | $558M | |
| Retained Earnings | $4.17B | $3.74B | $3.28B | $2.76B | $2.11B | $1.74B | $1.36B | $1.21B | $994M | $749M | $528M | $351M | |
| Treasury Stock | $4.03B | $3.39B | $2.96B | $2.63B | $1.84B | $1.49B | $1.10B | $940M | $806M | $608M | $294M | $51M | |
| AOCI | · | · | $0 | $-500.0K | $-1M | $-2M | $700.0K | $0 | · | · | · | · | |
| Stockholders' Equity | $624M | $840M | $829M | $641M | $807M | $784M | $803M | $807M | $738M | $697M | $792M | $859M | |
| Liabilities + Equity | $4.73B | $4.54B | $4.34B | $4.12B | $4.05B | $2.69B | $2.69B | $2.36B | $2.33B | $2.09B | $1.89B | $1.95B |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $277M | $248M | $229M | $220M | $213M | $161M | $152M | $134M | $117M | $99M | $87M | $79M | |
| Restructuring | $13M | $0 | $0 | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $814M | $848M | $784M | $995M | $737M | $564M | $313M | $399M | $284M | $337M | $216M | $306M | |
| CapEx | $440M | $458M | $336M | $305M | $275M | $231M | $205M | $204M | $258M | $262M | $205M | $135M | |
| Investing Cash Flow | $-436M | $-446M | $-324M | $-319M | $-914M | $-224M | $-203M | $-209M | $-262M | $-135M | $-190M | $-149M | |
| Debt Issued | $2.98B | $707M | $8M | $5M | $893M | $0 | $744M | $0 | $339M | $200M | $0 | $0 | |
| Net Debt Issued | $2.98B | $707M | $8M | $5M | $893M | $0 | $744M | $0 | $339M | $200M | $0 | $-70M | |
| Stock Repurchased | $650M | $446M | $333M | $806M | $355M | $400M | $166M | $144M | $206M | $323M | $249M | $51M | |
| Net Stock Activity | $-650M | $-446M | $-333M | $-806M | $-355M | $-400M | $-166M | $-144M | $-206M | $-323M | $-249M | $-51M | |
| Dividends Paid | $42M | $37M | $33M | $30M | $27M | $7M | $0 | $0 | · | · | · | · | |
| Financing Cash Flow | $-396M | $-473M | $-403M | $-871M | $270M | $-456M | $-14M | $-175M | $-5M | $-151M | $-252M | $-123M | |
| Net Change in Cash | $-18M | $-71M | $57M | $-196M | $93M | $-117M | $96M | $14M | $16M | $52M | $-226M | $33M | |
| Taxes Paid | $101M | $110M | $128M | $200M | $120M | $96M | $27M | $17M | $52M | $71M | $114M | $158M | |
| Free Cash Flow | $374M | $390M | $448M | $689M | $463M | $333M | $108M | $194M | $25M | $75M | $11M | $167M | |
| Levered FCF | · | · | $374M | $624M | $400M | $294M | $67M | $153M | $-22M | $50M | $-11M | $143M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 3.7% | 3.7% | 3.8% | 4.1% | 3.5% | 5.0% | 1.9% | 2.3% | 2.2% | 2.6% | 2.0% | 2.3% | |
| Net Margin | 2.4% | 2.5% | 2.6% | 2.9% | 2.3% | 3.4% | 1.1% | 1.5% | 1.9% | 1.9% | 1.4% | 1.4% | |
| Pretax Margin | 3.1% | 3.2% | 3.4% | 3.8% | 3.0% | 4.5% | 1.4% | 1.9% | 1.9% | 3.0% | 1.7% | 2.1% | |
| EBITDA Margin | 3.7% | 3.7% | 3.8% | 4.1% | 3.5% | 5.0% | 1.9% | 2.3% | 2.2% | 2.6% | 2.0% | 2.3% | |
| ROA | 10.2% | 11.3% | 13.2% | 16.5% | 11.8% | 14.4% | 6.1% | 9.1% | 11.1% | 11.1% | 9.2% | 12.8% | |
| ROE | 74.1% | 60.2% | 66.6% | 95.7% | 48.6% | 46.0% | 19.6% | 27.8% | 34.9% | 30.4% | 23.3% | 30.2% | |
| ROIC | 89.0% | 68.2% | 75.5% | 115.1% | 56.9% | 54.1% | 25.6% | 31.4% | 39.2% | 27.1% | 20.3% | 19.2% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.8 | 0.9 | 0.9 | 1.1 | 1.2 | 1.4 | 1.2 | 1.2 | 1.0 | 1.1 | 1.6 | |
| Quick Ratio | 0.3 | 0.3 | 0.5 | 0.4 | 0.7 | 0.6 | 0.9 | 0.7 | 0.7 | 0.7 | 0.6 | 1.1 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.6 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.6 | |
| Interest Coverage | · | · | 8.4 | 11.4 | 7.3 | 10.9 | 4.9 | 6.1 | 6.1 | 7.6 | 7.6 | 10.8 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 4.2 | 4.6 | 5.1 | 5.7 | 5.2 | 4.2 | 5.6 | 6.1 | 5.8 | 5.8 | 6.6 | 9.0 | |
| Inventory Turnover | · | · | · | · | · | · | · | · | 11.9 | 12.8 | 12.4 | 10.3 | |
| Receivables Turnover | 71.2 | 66.9 | 69.6 | 98.2 | 95.3 | 65.9 | 90.1 | 78.9 | 62.8 | 72.5 | 92.5 | 103.3 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -4.2% | -6.0% | -8.2% | 35.0% | 54.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -6.1% | 5.3% | 24.1% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 11.5% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -0.04% | -5.4% | -9.3% | 88.3% | 14.1% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -5.0% | 17.3% | 24.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 13.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -6.3% | -9.8% | -17.2% | 69.5% | 2.8% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -11.2% | 8.2% | 13.0% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 4.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 43.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $19.38B | $20.24B | $21.53B | $23.45B | $17.36B | $11.26B | $14.03B | $14.36B | $12.83B | $11.59B | $12.70B | $16.99B | |
| Net Income TTM | $471M | $502M | $557M | $673M | $397M | $386M | $155M | $214M | $245M | $222M | $176M | $244M | |
| P/E | 16.7 | 20.8 | 14.0 | 9.9 | 13.4 | 10.0 | 24.1 | 11.8 | 11.9 | 11.0 | 15.1 | 13.1 | |
| Earnings Yield | 6.0% | 4.8% | 7.1% | 10.1% | 7.5% | 10.0% | 4.2% | 8.5% | 8.4% | 9.1% | 6.6% | 7.6% | |
| Payout Ratio | 8.8% | 7.3% | 6.0% | 4.4% | 6.9% | 1.8% | · | · | · | · | · | · | |
| Annual Payout | $42M | $37M | $33M | $30M | $27M | $7M | $0 | $0 | · | · | · | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.81B | $4.82B | $4.74B | $5.11B | $5.00B | $4.53B | $4.71B | $5.24B | $5.45B | $4.84B | $5.07B | $5.80B | $5.59B | $5.08B | $5.37B | $6.19B | |
| SG&A Expense | $60M | $57M | $65M | $55M | $51M | $60M | $54M | $60M | $59M | $62M | $62M | $60M | $59M | $59M | $82M | $52M | |
| Operating Expenses | $6.50B | $4.61B | $4.53B | $4.91B | $4.79B | $4.44B | $4.51B | $5.02B | $5.23B | $4.74B | $4.85B | $5.55B | $5.39B | $4.91B | $5.19B | $5.88B | |
| Operating Income | $305M | $205M | $210M | $202M | $219M | $88M | $199M | $222M | $217M | $105M | $217M | $247M | $199M | $163M | $174M | $312M | |
| Interest Expense | · | · | · | · | · | · | · | · | $25M | $25M | · | $25M | $25M | $25M | · | $22M | |
| Other Non-op | $1M | $-300.0K | $400.0K | $600.0K | $1M | $-600.0K | $-2M | $500.0K | $100.0K | $400.0K | $900.0K | $-1M | $200.0K | $300.0K | $400.0K | $-800.0K | |
| Pretax Income | $278M | $176M | $181M | $173M | $192M | $62M | $178M | $199M | $193M | $82M | $196M | $223M | $176M | $139M | $151M | $291M | |
| Income Tax | $68M | $40M | $40M | $44M | $47M | $9M | $35M | $50M | $48M | $16M | $46M | $56M | $43M | $33M | $34M | $71M | |
| Net Income | $209M | $136M | $142M | $130M | $146M | $53M | $142M | $149M | $145M | $66M | $150M | $168M | $133M | $106M | $118M | $220M | |
| EPS (Basic) | $11.34 | $7.36 | $7.44 | $6.83 | $7.44 | $2.67 | $6.98 | $7.30 | $7.02 | $3.17 | $7.07 | $7.83 | $6.12 | $4.89 | $5.34 | $9.46 | |
| EPS (Diluted) | $11.27 | $7.28 | $7.35 | $6.76 | $7.36 | $2.63 | $6.87 | $7.20 | $6.92 | $3.12 | $6.98 | $7.69 | $6.02 | $4.80 | $5.21 | $9.28 | |
| Shares (Basic) | 18,438,000 | 18,518,000 | -39,201,000 | 19,029,000 | 19,546,000 | 19,929,000 | -41,364,000 | 20,440,000 | 20,643,000 | 20,814,000 | -43,333,000 | 21,401,000 | 21,686,000 | 21,739,000 | -48,307,000 | 23,206,000 | |
| Shares (Diluted) | 18,552,000 | 18,708,000 | -39,675,000 | 19,232,000 | 19,765,000 | 20,204,000 | -41,977,000 | 20,735,000 | 20,922,000 | 21,162,000 | -44,131,000 | 21,790,000 | 22,051,000 | 22,133,000 | -49,115,000 | 23,650,000 | |
| EBITDA | $305M | $205M | · | $202M | $219M | $88M | · | $222M | $217M | $105M | · | $247M | $199M | $163M | · | $312M |
Balance Sheet 21
| 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 | $175M | $119M | $29M | $43M | $54M | $49M | $47M | $52M | $80M | $57M | · | $125M | $93M | $102M | · | $193M | |
| Receivables | $379M | $354M | $276M | $304M | $296M | $272M | $268M | $263M | $386M | $380M | · | $344M | $271M | $265M | · | $258M | |
| Inventory | $417M | $363M | $413M | $387M | $398M | $364M | $402M | $341M | $316M | $293M | · | $335M | $350M | $304M | · | $280M | |
| Prepaid Expense | $36M | $35M | $30M | $29M | $28M | $30M | $31M | $31M | $33M | $32M | · | $27M | $37M | $27M | · | $32M | |
| Current Assets | $1.01B | $871M | $748M | $763M | $776M | $716M | $748M | $689M | $820M | $768M | · | $840M | $763M | $711M | · | $763M | |
| Goodwill | $328M | $328M | $328M | $328M | $328M | $328M | $328M | $328M | $328M | $328M | · | $328M | $328M | $328M | · | $328M | |
| Intangibles | $139M | $139M | $139M | $139M | $139M | $140M | $140M | $140M | $140M | $140M | · | $140M | $140M | $140M | · | $140M | |
| Other Non-current Assets | $34M | $23M | $22M | $21M | $21M | $20M | $20M | $21M | $20M | $21M | · | $18M | $17M | $16M | · | $13M | |
| Total Assets | $5.08B | $4.87B | $4.73B | $4.68B | $4.62B | $4.50B | $4.54B | $4.40B | $4.43B | $4.31B | $4.34B | $4.31B | $4.20B | $4.12B | $4.12B | $4.14B | |
| Accounts Payable | $1.01B | $1.02B | $865M | $869M | $916M | $856M | $874M | $780M | $924M | $830M | · | $801M | $800M | $754M | · | $725M | |
| Current Liabilities | $1.09B | $1.05B | $929M | $940M | $976M | $892M | $948M | $859M | $971M | $885M | · | $827M | $815M | $772M | · | $756M | |
| Capital Leases | $549M | $533M | $535M | $514M | $508M | $494M | $496M | $488M | $465M | $452M | · | $450M | $445M | $439M | · | $446M | |
| Deferred Tax | $404M | $398M | $388M | $370M | $343M | $342M | $343M | $326M | $323M | $329M | · | $328M | $337M | $334M | · | $311M | |
| Total Liabilities | $4.30B | $4.21B | $4.10B | $4.13B | $3.98B | $3.78B | $3.70B | $3.57B | $3.62B | $3.53B | · | $3.46B | $3.45B | $3.40B | · | $3.37B | |
| Common Stock | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | · | $500.0K | $500.0K | $500.0K | · | $500.0K | |
| Paid-in Capital | $450M | $454M | $482M | $469M | $469M | $466M | $488M | $485M | $479M | $480M | · | $503M | $506M | $502M | · | $515M | |
| Retained Earnings | $4.49B | $4.30B | $4.17B | $4.04B | $3.92B | $3.79B | $3.74B | $3.61B | $3.47B | $3.34B | · | $3.14B | $2.98B | $2.85B | · | $2.65B | |
| Treasury Stock | $4.16B | $4.09B | $4.03B | $3.97B | $3.75B | $3.53B | $3.39B | $3.27B | $3.14B | $3.03B | · | $2.80B | $2.73B | $2.64B | · | $2.39B | |
| AOCI | · | · | · | · | · | · | · | · | · | · | · | $0 | $-100.0K | $-300.0K | · | $-700.0K | |
| Stockholders' Equity | $783M | $659M | $624M | $546M | $646M | $720M | $840M | $830M | $811M | $782M | $829M | $844M | $751M | $717M | $641M | $766M | |
| Liabilities + Equity | $5.08B | $4.87B | $4.73B | $4.68B | $4.62B | $4.50B | $4.54B | $4.40B | $4.43B | $4.31B | · | $4.31B | $4.20B | $4.12B | · | $4.14B |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $72M | $72M | $73M | $70M | $66M | $68M | $67M | $63M | $59M | $59M | $57M | $58M | $58M | $56M | $56M | $54M | |
| Restructuring | $0 | $0 | $0 | $13M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $235M | $320M | $246M | $185M | $255M | $128M | $249M | $202M | $261M | $136M | $273M | $190M | $171M | $150M | $223M | $255M | |
| CapEx | $112M | $98M | $117M | $117M | $118M | $88M | $127M | $137M | $118M | $76M | $111M | $79M | $72M | $73M | $82M | $78M | |
| Investing Cash Flow | $-101M | $-98M | $-115M | $-117M | $-117M | $-88M | $-125M | $-132M | $-114M | $-75M | $-107M | $-75M | $-73M | $-69M | $-104M | $-78M | |
| Debt Issued | $727M | $590M | $453M | $747M | $1.11B | $670M | $362M | $225M | $120M | $0 | $0 | $0 | $0 | $8M | $5M | $0 | |
| Net Debt Issued | · | $590M | · | · | · | $670M | · | · | · | $0 | · | · | · | $8M | · | · | |
| Stock Repurchased | $82M | $70M | $67M | $219M | $214M | $150M | $128M | $125M | $106M | $86M | $160M | $65M | $94M | $14M | $240M | $212M | |
| Net Stock Activity | · | $-70M | · | · | · | $-150M | · | · | · | $-86M | · | · | · | $-14M | · | · | |
| Dividends Paid | $12M | $12M | $12M | $10M | $10M | $10M | $10M | $9M | $9M | $9M | $9M | $8M | $8M | $8M | $8M | $8M | |
| Financing Cash Flow | $-77M | $-132M | $-145M | $-79M | $-134M | $-38M | $-129M | $-98M | $-123M | $-122M | $-174M | $-83M | $-107M | $-39M | $-251M | $-225M | |
| Net Change in Cash | $57M | $90M | $-14M | $-11M | $5M | $2M | $-6M | $-27M | $23M | $-61M | $-7M | $32M | $-9M | $42M | $-132M | $-48M | |
| Taxes Paid | · | · | $31M | $8M | $20M | $42M | $32M | $15M | $63M | $-100.0K | $34M | $48M | $47M | $-300.0K | $58M | $54M | |
| Free Cash Flow | · | $222M | · | · | · | $41M | · | · | · | $60M | · | · | · | $77M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $40M | · | · | · | $58M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 4.5% | 4.3% | · | 4.0% | 4.4% | 1.9% | · | 4.2% | 4.0% | 2.2% | · | 4.3% | 3.6% | 3.2% | · | 5.0% | |
| Net Margin | 3.1% | 2.8% | · | 2.5% | 2.9% | 1.2% | · | 2.9% | 2.7% | 1.4% | · | 2.9% | 2.4% | 2.1% | · | 3.5% | |
| Pretax Margin | 4.1% | 3.7% | · | 3.4% | 3.9% | 1.4% | · | 3.8% | 3.5% | 1.7% | · | 3.9% | 3.1% | 2.7% | · | 4.7% | |
| EBITDA Margin | 4.5% | 4.3% | · | 4.0% | 4.4% | 1.9% | · | 4.2% | 4.0% | 2.2% | · | 4.3% | 3.6% | 3.2% | · | 5.0% | |
| ROA | 4.3% | 2.9% | · | 2.9% | 3.2% | 1.2% | · | 3.4% | 3.4% | 1.6% | · | 4.0% | 3.1% | 2.5% | · | 5.3% | |
| ROE | 29.3% | 19.8% | · | 18.9% | 20.0% | 7.1% | · | 17.8% | 18.5% | 8.8% | · | 20.8% | 17.5% | 14.1% | · | 27.6% | |
| ROIC | 29.3% | 24.1% | · | 27.7% | 25.7% | 10.5% | · | 20.1% | 20.1% | 10.8% | · | 22.0% | 20.0% | 17.4% | · | 30.8% |
Liquidity & Solvency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.8 | 0.8 | 0.9 | · | 1.0 | 0.9 | 0.9 | · | 1.0 | |
| Quick Ratio | 0.5 | 0.5 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.5 | 0.5 | · | 0.6 | 0.4 | 0.5 | · | 0.6 | |
| Interest Coverage | · | · | · | · | · | · | · | · | 8.7 | 4.2 | · | 10.1 | 7.9 | 6.5 | · | 14.3 |
Efficiency 2
| 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 | 1.4 | 1.0 | · | 1.1 | 1.1 | 1.0 | · | 1.2 | 1.3 | 1.1 | · | 1.4 | 1.3 | 1.2 | · | 1.5 | |
| Receivables Turnover | 20.2 | 15.4 | · | 18.0 | 14.7 | 13.9 | · | 17.3 | 16.6 | 15.0 | · | 19.3 | 19.7 | 19.3 | · | 26.6 |
Valuation (TTM) 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $21.74B | $19.46B | · | $19.88B | $20.22B | $20.06B | · | $21.33B | $21.68B | $21.30B | · | $22.66B | $23.62B | $23.16B | · | $22.68B | |
| Net Income TTM | $621M | $465M | · | $478M | $493M | $413M | · | $528M | $511M | $473M | · | $626M | $642M | $662M | · | $659M | |
| P/E | 16.5 | 20.6 | · | 16.2 | 16.9 | 23.6 | · | 19.8 | 19.8 | 19.4 | · | 12.3 | 11.3 | 9.3 | · | 10.2 | |
| Earnings Yield | 6.1% | 4.9% | · | 6.2% | 5.9% | 4.2% | · | 5.1% | 5.1% | 5.2% | · | 8.1% | 8.9% | 10.7% | · | 9.8% | |
| Payout Ratio | · | 8.6% | · | · | · | 18.4% | · | · | · | 13.3% | · | · | · | 7.6% | · | · |
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 | $19.38B | $20.24B | $21.53B | $23.45B | $17.36B |
| Operating Margin % | 3.7% | 3.7% | 3.8% | 4.1% | 3.5% |
| Net Income | $471M | $502M | $557M | $673M | $397M |
| Diluted EPS | $24.10 | $24.11 | $25.49 | $28.10 | $14.92 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.8 | 0.9 | 0.9 | 1.1 |
| Quick Ratio | 0.3 | 0.3 | 0.5 | 0.4 | 0.7 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $374M | $390M | $448M | $689M | $463M |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 659 filers · $5.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 126 (+28 vs prior Q) | 47 (-19 vs prior Q) | 194 (+37 vs prior Q) | 174 (-10 vs prior Q) | +2.2M |
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 PORTFOLIO MANAGEMENT LLC | $418,254,728 | 776,170 | 7.69% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $405,662,953 | 752,803 | 7.46% | Shares |
| STATE STREET CORP | $300,613,449 | 557,928 | 5.53% | Shares |
| Boston Partners | $275,723,588 | 510,610 | 5.07% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $224,572,357 | 416,641 | 4.13% | Shares |
| FMR LLC | $215,804,264 | 400,476 | 3.97% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $183,313,874 | 340,182 | 3.37% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $150,568,142 | 279,415 | 2.77% | Shares |
| NORGES BANK | $148,304,568 | 275,214 | 2.73% | Shares |
| ALLIANCEBERNSTEIN L.P. | $144,251,095 | 292,024 | 2.65% | Shares |
| Clearbridge Investments, LLC | $141,774,117 | 263,095 | 2.61% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $114,364,078 | 212,229 | 2.10% | Shares |
| Squarepoint Ops LLC | $100,952,984 | 187,342 | 1.86% | Shares |
| BARCLAYS PLC | $97,982,733 | 181,830 | 1.80% | Shares |
| TWO SIGMA INVESTMENTS, LP | $90,344,250 | 167,655 | 1.66% | Shares |
| JANE STREET GROUP, LLC | $89,446,492 | 165,989 | 1.64% | Shares |
| Recurrent Investment Advisors LLC | $78,592,086 | 146,263 | 1.45% | Shares |
| LONDON CO OF VIRGINIA | $75,648,629 | 140,208 | 1.39% | Shares |
| Allianz Asset Management GmbH | $72,369,702 | 134,299 | 1.33% | Shares |
| Qube Research & Technologies Ltd | $70,757,942 | 131,308 | 1.30% | Shares |
| HighTower Advisors, LLC | $69,504,824 | 128,983 | 1.28% | Shares |
| Artisan Partners Limited Partnership | $58,785,867 | 109,091 | 1.08% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $58,422,130 | 108,416 | 1.07% | Shares |
| River Road Asset Management, LLC | $57,356,784 | 106,439 | 1.05% | Shares |
| Engineers Gate Manager LP | $55,525,704 | 103,041 | 1.02% | Shares |
| AMERICAN CENTURY COMPANIES INC | $54,431,264 | 101,010 | 1.00% | Shares |
| MARSHALL WACE, LLP | $47,280,994 | 87,741 | 0.87% | Shares |
| Balyasny Asset Management L.P. | $46,396,168 | 86,099 | 0.85% | Shares |
| SOUTHERNSUN ASSET MANAGEMENT, LLC | $43,089,123 | 79,962 | 0.79% | Shares |
| VANGUARD GROUP INC | $42,913,545 | 106,348 | 0.79% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $42,741,140 | 79,315 | 0.79% | Shares |
| CITADEL ADVISORS LLC | $40,976,753 | 76,042 | 0.75% | Shares |
| GOLDMAN SACHS GROUP INC | $36,400,130 | 67,549 | 0.67% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $35,851,021 | 66,530 | 0.66% | Shares |
| FIL Ltd | $34,487,680 | 64,000 | 0.63% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $31,965,768 | 59,320 | 0.59% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $31,506,113 | 58,467 | 0.58% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $28,146,563 | 52,233 | 0.52% | Shares |
| Gotham Asset Management, LLC | $27,704,923 | 51,413 | 0.51% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $27,025,947 | 50,153 | 0.50% | Shares |
| RHUMBLINE ADVISERS | $26,344,204 | 48,888 | 0.48% | Shares |
| EULAV Asset Management | $26,084,004 | 48,405 | 0.48% | Shares |
| MILLENNIUM MANAGEMENT LLC | $25,229,893 | 46,820 | 0.46% | Shares |
| Man Group plc | $24,797,181 | 46,017 | 0.46% | Shares |
| BANK OF AMERICA CORP /DE/ | $22,289,280 | 41,363 | 0.41% | Shares |
| RIHO Partners, LLC | $21,754,721 | 40,371 | 0.40% | Shares |
| BlackRock, Inc. | $20,998,686 | 38,968 | 0.39% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $20,467,360 | 37,982 | 0.38% | Shares |
| AMERIPRISE FINANCIAL INC | $19,781,915 | 36,710 | 0.36% | Shares |
| California Public Employees Retirement System | $18,947,208 | 35,161 | 0.35% | Shares |
| Swiss National Bank | $18,002,030 | 33,407 | 0.33% | Shares |
| CITADEL ADVISORS LLC | $16,758,857 | 31,100 | 0.31% | Call option |
| WELLINGTON MANAGEMENT GROUP LLP | $16,572,408 | 30,754 | 0.30% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $16,112,213 | 29,900 | 0.30% | Put option |
| RAYMOND JAMES FINANCIAL INC | $14,747,006 | 27,367 | 0.27% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $14,604,455 | 27,102 | 0.27% | Shares |
| Baird Financial Group, Inc. | $14,382,440 | 26,690 | 0.26% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $14,018,165 | 26,014 | 0.26% | Shares |
| UBS Group AG | $13,552,042 | 25,149 | 0.25% | Shares |
| PEAK6 LLC | $13,471,750 | 25,000 | 0.25% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $13,417,863 | 24,900 | 0.25% | Call option |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $13,367,748 | 24,807 | 0.25% | Shares |
| Bridgewater Associates, LP | $13,271,290 | 24,628 | 0.24% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $12,664,523 | 23,502 | 0.23% | Shares |
| IPG Investment Advisors LLC | $12,082,543 | 22,422 | 0.22% | Shares |
| Leeward Investments, LLC - MA | $11,046,835 | 20,500 | 0.20% | Shares |
| Horrell Capital Management, Inc. | $10,860,386 | 20,154 | 0.20% | Shares |
| Aristotle Atlantic Partners, LLC | $10,797,877 | 20,038 | 0.20% | Shares |
| JANE STREET GROUP, LLC | $10,723,513 | 19,900 | 0.20% | Call option |
| Quantinno Capital Management LP | $10,535,677 | 19,551 | 0.19% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $10,448,689 | 19,390 | 0.19% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $10,298,345 | 19,111 | 0.19% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $10,284,455 | 20,820 | 0.19% | Shares |
| Susquehanna Portfolio Strategies, LLC | $9,724,987 | 18,047 | 0.18% | Shares |
| HEARTLAND ADVISORS INC | $9,555,243 | 17,732 | 0.18% | Shares |
| Retirement Systems of Alabama | $9,368,255 | 17,385 | 0.17% | Shares |
| MORGAN STANLEY | $8,932,108 | 16,575 | 0.16% | Shares |
| WHITTIER TRUST CO | $8,680,696 | 15,417 | 0.16% | Shares |
| STEPHENS INC /AR/ | $8,443,901 | 15,670 | 0.16% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $8,407,989 | 15,603 | 0.15% | Shares |
| Brandywine Global Investment Management, LLC | $8,282,652 | 20,526 | 0.15% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $8,003,836 | 14,853 | 0.15% | Shares |
| Moran Wealth Management, LLC | $7,816,309 | 14,505 | 0.14% | Shares |
| Illinois Municipal Retirement Fund | $7,745,717 | 14,374 | 0.14% | Shares |
| Horizon Investments, LLC | $7,513,464 | 13,943 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $7,480,593 | 13,882 | 0.14% | Shares |
| LPL Financial LLC | $7,406,380 | 13,744 | 0.14% | Shares |
| XTX Topco Ltd | $7,159,966 | 13,287 | 0.13% | Shares |
| CASTLEARK MANAGEMENT LLC | $7,156,194 | 13,280 | 0.13% | Shares |
| Point72 Asset Management, L.P. | $6,992,377 | 12,976 | 0.13% | Shares |
| Mariner, LLC | $6,970,638 | 12,936 | 0.13% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $6,946,574 | 12,891 | 0.13% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $6,647,500 | 12,336 | 0.12% | Shares |
| ROYAL BANK OF CANADA | $6,581,000 | 12,213 | 0.12% | Shares |
| FIFTH THIRD BANCORP | $6,436,685 | 11,945 | 0.12% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $6,347,889 | 11,780 | 0.12% | Shares |
| DF DENT & CO INC | $6,151,638 | 11,416 | 0.11% | Shares |
| KING LUTHER CAPITAL MANAGEMENT CORP | $5,997,084 | 11,129 | 0.11% | Shares |
| Convergence Investment Partners, LLC | $5,910,865 | 10,969 | 0.11% | Shares |
| Legal & General Group Plc | $5,544,972 | 10,290 | 0.10% | Shares |
Company insiders 33 insiders · 19 officers · 14 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Andrew R Clyde | President & CEO | Aug. 21, 2025 M | 155,652 | 0 | 0 | $0 |
| Charles Galagher Jeff | EVP, Chief Financial Officer | Feb. 12, 2025 A | — | 0 | 0 | $0 |
| Malynda K West | EVP & Chief Operating Officer | Aug. 12, 2025 M | 117,389 | 0 | 0 | $0 |
| Robert J Chumley | SVP, Chief Digital Officer | March 4, 2025 M | 9,701 | 0 | 0 | $0 |
| Renee M Bacon | SVP, Sales & Ops & CMO | March 3, 2025 S | 5,927 | 0 | 0 | $0 |
| James Mcphail | SVP Asset Development | Feb. 12, 2025 A | — | 0 | 0 | $0 |
| Blake Segal | SVP, QuickChek | Feb. 12, 2025 M | 2,322 | 0 | 0 | $0 |
| Christopher A Click | EVP, Strategy, Growth & Innova | Feb. 12, 2025 M | 4,414 | 0 | 0 | $0 |
| Donald R Smith Jr | VP, CAO & Treasurer | Feb. 12, 2025 M | 21,091 | 0 | 0 | $0 |
| Jennifer Bridges | SVP, Asset Development | March 7, 2024 A | 4,642 | 0 | 0 | $0 |
| Terry P. Hatten | SVP, Human Resources | Feb. 25, 2022 S | 4,492 | 0 | 0 | $0 |
| John A Moore | SVP & General Counsel | June 1, 2021 A | 31,128 | 0 | 0 | $0 |
| Michael Ray Cooper | SVP, Chief Information Officer | Feb. 6, 2019 A | — | 0 | 0 | $0 |
| Daryl R Schofield | EVP | May 3, 2018 M | 7,812 | 0 | 0 | $0 |
| John P Corrigan | SVP | Feb. 7, 2018 A | 2,000 | 0 | 0 | $0 |
| Marn K Cheng | Senior Vice President | March 8, 2017 S | 0 | 0 | 0 | $0 |
| Joseph Henderson III | Vice President | Aug. 10, 2015 I | 855 | 0 | 0 | $0 |
| Jeffery A Goodwin | Senior Vice President | Feb. 23, 2015 S | 0 | 0 | 0 | $0 |
| John C Rudolfs | Executive Vice President | Feb. 11, 2014 A | 592 | 0 | 0 | $0 |
| Jeanne Linder Phillips | Director | June 30, 2026 A | 2,349 | 0 | 0 | $0 |
| Jack T Taylor | Director | June 30, 2026 A | 12,618 | 0 | 0 | $0 |
| David B Miller | Director | June 30, 2026 A | 46,061 | 0 | 0 | $0 |
| Claiborne P Deming | Director | June 30, 2026 A | 257,548 | 0 | 0 | $0 |
| Diane N Landen | Director | June 5, 2026 G | 53,841 | 0 | 1 | $-1,641,750 |
| Robert Madison Murphy | Director | Aug. 5, 2025 P | 389,172 | 0 | 0 | $0 |
| David C. Haley | Director | May 27, 2025 P | 1,000 | 0 | 0 | $0 |
| David Goebel | Director | Feb. 14, 2025 M | 1,447 | 0 | 0 | $0 |
| Rosemary Turner | Director | Feb. 13, 2025 A | 0 | 0 | 0 | $0 |
| Fred L Holliger | Director | May 9, 2024 M | 18,549 | 0 | 0 | $0 |
| Thomas M Gattle Jr | Director | Aug. 22, 2019 M | 17,261 | 0 | 0 | $0 |
| Christoph Keller III | Director | Feb. 8, 2018 M | 33,614 | 0 | 0 | $0 |
| Robert A Hermes | Director | May 5, 2016 M | 15,893 | 0 | 0 | $0 |
| James W Keyes | — | Aug. 11, 2026 G | 13,366 | 0 | 1 | $-1,195,229 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 104 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 |
|---|---|---|---|---|
| ALIL · EA Series Trust | 3.01% | 1,525 NS | May 29, 2026 | N-PORT |
| AMID · EA Series Trust | 2.68% | 5,568 NS | May 29, 2026 | N-PORT |
| ABIG · EA Series Trust | 1.48% | 1,625 NS | May 29, 2026 | N-PORT |
| RETL · Direxion Shares ETF Trust | 1.31% | 700 NS | April 30, 2026 | N-PORT |
| FFSM · FIDELITY COVINGTON TRUST | 1.26% | 27,756 NS | April 30, 2026 | N-PORT |
| FXD · First Trust Exchange-Traded AlphaDE… | 1.25% | 5,651 NS | April 30, 2026 | N-PORT |
| CLSE · Trust for Professional Managers | 0.98% | 11,916 NS | May 31, 2026 | N-PORT |
| XMHQ · Invesco Exchange-Traded Fund Trust | 0.98% | 105,691 SH | Aug. 8, 2026 | Daily |
| ROUS · Lattice Strategies Trust | 0.90% | 8,970 NS | April 30, 2026 | N-PORT |
| QLV · FlexShares Trust | 0.79% | 2,275 NS | April 30, 2026 | N-PORT |
| RFV · Invesco Exchange-Traded Fund Trust | 0.72% | 4,691 SH | Aug. 8, 2026 | Daily |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.66% | 17,094 SH | Aug. 8, 2026 | Daily |
| QIDX · Spinnaker ETF Series | 0.58% | 375 NS | April 30, 2026 | N-PORT |
| FFLV · FIDELITY COVINGTON TRUST | 0.56% | 167 NS | April 30, 2026 | N-PORT |
| OUSM · ALPS ETF Trust | 0.53% | 9,102 NS | May 31, 2026 | N-PORT |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.52% | 1,951 NS | May 31, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.52% | 14,433 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.51% | 85,641 SH | Aug. 8, 2026 | Daily |
| SMMV · iShares Trust | 0.50% | 2,725 SH | Aug. 8, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.48% | 10,392 NS | April 30, 2026 | N-PORT |
| HDUS · Lattice Strategies Trust | 0.47% | 1,441 NS | April 30, 2026 | N-PORT |
| JMID · Janus Detroit Street Trust | 0.43% | 134 NS | April 30, 2026 | N-PORT |
| FLCC · Federated Hermes ETF Trust | 0.34% | 819 NS | May 31, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 0.30% | 10,342 SH | Aug. 8, 2026 | Daily |
| DFVE · DoubleLine ETF Trust | 0.30% | 165 NS | March 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.29% | 1,943 NS | April 30, 2026 | N-PORT |
| APUE · Trust for Professional Managers | 0.29% | 14,576 NS | May 31, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.26% | 3,207 NS | May 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.26% | 2,716 NS | April 30, 2026 | N-PORT |
| IWP · iShares Trust | 0.26% | 96,637 SH | Aug. 8, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.25% | 27,170 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.25% | 580,030 SH | Aug. 8, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.24% | 9,550 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.23% | 3,036 NS | May 31, 2026 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 0.23% | 618 NS | April 30, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.22% | 1,857 SH | Aug. 8, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 7,340 NS | April 30, 2026 | N-PORT |
| FDIS · FIDELITY COVINGTON TRUST | 0.21% | 6,252 NS | April 30, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.20% | 280 NS | April 30, 2026 | N-PORT |
| FLCG · Federated Hermes ETF Trust | 0.19% | 2,169 NS | May 31, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.19% | 48,364 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.19% | 242,029 SH | Aug. 8, 2026 | Daily |
| VCR · VANGUARD WORLD FUND | 0.19% | 24,812 SH | Aug. 8, 2026 | Daily |
| MVV · ProShares Trust | 0.19% | 585 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.18% | 9,617 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.18% | 42,204 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.17% | 2,277 SH | Aug. 8, 2026 | Daily |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.17% | 614 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.16% | 45,685 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.15% | 797 SH | Aug. 8, 2026 | Daily |