Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 25, 2026
$3.43
—
—
Sept. 30, 2025
$3.26
—
—
March 31, 2025
$2.37
—
—
Dec. 31, 2024
$1.89
—
—
March 31, 2024
$2.32
—
—
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue
$2.61B
$2.60B
$3.29B
$3.10B
$4.29B
$3.31B
$3.39B
$3.29B
$2.83B
$2.51B
$1.11B
$798M
SG&A Expense
$306M
$297M
$276M
$235M
$383M
$278M
$296M
$280M
$247M
$234M
$171M
$152M
Operating Expenses
$1.83B
$1.97B
$2.20B
$2.01B
$3.09B
$2.05B
$2.48B
$2.36B
$2.05B
$1.85B
$1.56B
$975M
Operating Income
$777M
$634M
$1.10B
$1.09B
$1.20B
$1.26B
$915M
$927M
$777M
$667M
$559M
$553M
Interest Income
·
·
·
·
·
·
·
$70M
$45M
$40M
$40M
$39M
Other Non-op
$-31M
$1M
$11M
$13M
$-18M
$4M
$-7M
$-23M
$4M
$-3M
$456.0K
$-14M
Pretax Income
$856M
$868M
$1.21B
$1.15B
$1.30B
$-585M
$968M
$1.01B
$869M
$734M
$635M
$602M
Income Tax
$298M
$269M
$262M
$267M
$294M
$258M
$220M
$222M
$199M
$158M
$130M
$151M
Net Income
$559M
$475M
$1.01B
$977M
$1.31B
$-745M
$829M
$811M
$763M
$644M
$536M
$447M
EPS (Basic)
$1.60
$1.36
$2.91
$2.86
$3.91
$-24.02
$27.12
$27.70
$26.98
$22.87
$19.08
$16.02
EPS (Diluted)
$1.59
$1.35
$2.91
$2.86
$3.89
$-24.02
$26.84
$26.67
$25.90
$22.08
$18.31
$15.82
Shares (Basic)
348,774,922
350,847,647
347,369,860
341,660,160
335,858,180
31,020,439
30,580,181
29,288,401
28,275,637
28,150,139
28,085,521
27,873,501
Shares (Diluted)
351,962,638
352,351,257
347,422,580
341,980,710
337,817,730
31,020,439
30,924,095
30,710,540
30,233,823
30,036,763
30,145,976
28,227,823
EBITDA
$777M
$634M
$1.10B
$1.09B
$1.20B
$1.26B
$915M
$927M
$777M
$667M
$559M
$90M
Balance Sheet26
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$4.36B
$3.82B
$5.19B
$4.40B
$3.40B
$5.01B
$4.39B
$2.70B
$1.91B
$2.98B
$2.13B
$1.75B
Short-term Investments
$658M
$1.27B
$379M
$316M
$93M
$115M
$671M
$450M
$160M
$299M
$560M
$138M
Receivables
$420M
$473M
$504M
$498M
$808M
$434M
$220M
$282M
$176M
$204M
$122M
$68M
Other Current Assets
$202M
$227M
$206M
$167M
$164M
$199M
$244M
$453M
$256M
$89M
$75M
$59M
Current Assets
$6.36B
$6.47B
$7.12B
$6.32B
$5.52B
$6.70B
$6.73B
$5.10B
$4.04B
$4.73B
$3.26B
$2.27B
PP&E (Net)
$2.36B
$2.38B
$2.48B
$2.49B
$2.58B
$249M
$296M
$347M
$303M
$243M
$196M
$92M
PP&E (Gross)
·
·
$3.04B
$2.99B
$3.01B
$599M
$611M
$606M
$468M
$338M
$236M
$132M
Accum. Depreciation
$773M
$675M
$581M
$547M
$445M
$372M
$333M
$279M
$191M
$130M
$79M
$50M
Other Non-current Assets
$112M
$137M
$179M
$124M
$162M
$148M
$102M
$50M
$126M
$39M
$17M
$12M
Total Assets
$11.74B
$11.78B
$12.69B
$11.80B
$10.89B
$9.40B
$9.80B
$8.01B
$6.49B
$5.96B
$4.10B
$2.67B
Accounts Payable
·
·
·
·
·
·
·
·
·
·
·
$27M
Accrued Liabilities
$46M
$61M
$94M
$145M
$265M
$142M
$143M
$153M
$164M
$127M
$83M
$91M
Short-term Debt
·
·
·
·
·
·
·
·
·
·
$0
$50M
Current Liabilities
$1.43B
$1.43B
$1.89B
$1.90B
$2.28B
$1.88B
$1.51B
$1.59B
$1.82B
$1.58B
$967M
$693M
Capital Leases
$60M
$76M
$77M
$83M
$131M
$194M
$363M
·
·
·
·
·
Deferred Tax
$264M
$246M
$262M
$250M
$234M
$46M
$56M
$67M
$50M
$4M
·
$0
Other Non-current Liabilities
$7M
$15M
$28M
$60M
$100M
$855.0K
$3M
$36M
$114M
$99M
$78M
$31M
Total Liabilities
$1.76B
$1.77B
$2.26B
$2.30B
$2.75B
$2.12B
$1.93B
$1.84B
$1.99B
$2.23B
$1.56B
$735M
Total Debt
·
·
·
·
·
·
·
·
·
·
$0
$8M
Common Stock
$113.0K
$113.0K
$110.0K
$105.0K
·
·
·
·
·
·
$98.1K
$97.5K
Retained Earnings
$5.82B
$5.90B
$6.44B
$5.60B
$5.19B
$3.99B
$4.73B
$3.95B
$2.88B
$2.24B
$1.60B
$1.06B
Treasury Stock
$4M
$53M
·
·
$541M
$45M
$6M
$40M
$6M
$130M
$118M
$73M
AOCI
$42M
$187M
$75M
$-3M
$-140M
$-79M
$97M
$36M
$213M
$-5M
$-22M
$-27M
Stockholders' Equity
$9.83B
$9.95B
$10.31B
$9.41B
$8.04B
$7.19B
$7.01B
$5.84B
$4.43B
$3.33B
$2.45B
$1.85B
Liabilities + Equity
$11.74B
$11.78B
$12.69B
$11.80B
$10.89B
$9.40B
$9.80B
$8.01B
$6.49B
$5.96B
$4.10B
$2.67B
Shares Outstanding
333,370,340
330,393,534
326,307,330
313,019,320
·
·
·
·
·
·
28,071,538
28,055,302
Cash Flow14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
D&A
$157M
$157M
$158M
$156M
$147M
$98M
$105M
$92M
$82M
$61M
$34M
$22M
Stock-based Comp
$67M
$109M
$12M
$42M
$51M
$60M
$95M
$113M
$94M
$79M
$68M
$33M
Deferred Tax
$27M
$91M
$14M
$-87M
$-120M
$-66M
$-62M
$-24M
$244.0K
$-9M
$-7M
$-22M
Operating Cash Flow
$977M
$387M
$1.32B
$633M
$1.52B
$796M
$1.29B
$1.03B
$628M
$686M
$675M
$590M
CapEx
$134M
$82M
$158M
$63M
$2.27B
$52M
$65M
$128M
$153M
$101M
$136M
$59M
Investing Cash Flow
$299M
$-841M
$-247M
$74M
$-2.57B
$353M
$-182M
$-396M
$-834M
$-884M
$-759M
$-94M
Stock Issued
·
·
·
$247M
$11M
$33M
$32M
$46M
$20M
$5M
$4M
$4M
Stock Repurchased
$52M
$53M
·
·
$372M
$282M
·
·
$31M
$13M
$45M
$12M
Net Stock Activity
$-52M
$-53M
·
$247M
$-361M
$-248M
$32M
$46M
$-12M
$-8M
$-40M
$-11M
Dividends Paid
$547M
$1.01B
$178M
·
·
·
·
·
·
·
·
$2M
Financing Cash Flow
$-636M
$-1.13B
$-200M
$234M
$-513M
$-371M
$543M
$110M
$-792M
$995M
$463M
$60M
Net Change in Cash
$541M
$-1.52B
$919M
$1.02B
$-1.61B
$629M
$1.69B
$800M
$-1.08B
$850M
$383M
$563M
Taxes Paid
$187M
$204M
$286M
$407M
$364M
$311M
$210M
$212M
$205M
$205M
·
·
Free Cash Flow
$842M
$305M
$1.16B
$570M
$-749M
$745M
$1.22B
$901M
$476M
$585M
$539M
$86M
Profitability7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Operating Margin
29.8%
24.4%
33.3%
35.1%
27.9%
38.1%
27.0%
28.2%
57.7%
46.9%
50.1%
69.3%
Net Margin
21.4%
18.3%
30.6%
31.5%
30.6%
-22.5%
24.4%
24.7%
56.7%
45.2%
48.1%
55.9%
Pretax Margin
32.8%
33.4%
36.7%
37.1%
30.2%
-17.7%
28.5%
30.8%
64.5%
51.5%
57.0%
75.3%
EBITDA Margin
29.8%
24.4%
33.3%
35.1%
27.9%
38.1%
27.0%
28.2%
57.7%
46.9%
50.1%
69.3%
ROA
4.8%
3.9%
8.2%
8.6%
13.0%
-7.8%
9.3%
11.2%
12.2%
12.8%
15.8%
19.7%
ROE
5.7%
4.7%
10.2%
11.2%
17.3%
-10.5%
12.9%
15.8%
19.7%
22.3%
24.9%
27.7%
ROIC
5.2%
4.4%
8.3%
8.9%
11.5%
25.2%
10.1%
12.4%
13.5%
15.7%
18.1%
21.9%
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
4.5
4.5
3.8
3.3
2.4
3.6
4.5
3.2
2.2
3.0
3.4
3.3
Quick Ratio
3.8
3.9
3.2
2.7
1.9
3.0
3.5
2.2
1.2
2.2
1.0
2.8
Debt / Equity
·
·
·
·
·
·
·
·
·
·
0.0
0.0
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
0.2
0.2
0.3
0.3
0.4
0.3
0.4
0.5
0.2
0.3
0.3
0.4
Receivables Turnover
5.8
5.3
6.6
4.7
6.9
10.1
13.5
14.4
7.1
8.7
11.7
13.3
Per Share5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Book Value / Share
$29.48
$30.10
$31.60
·
·
·
·
·
·
·
$87.24
$10.64
Revenue / Share
$7.42
$7.38
$9.48
$90.66
$127.08
$106.57
$109.68
$107.12
$44.53
$47.38
$36.98
$4.59
Cash Flow / Share
$2.77
$1.10
$3.79
$18.51
$45.05
$25.67
$41.66
$33.52
$20.78
$22.85
$22.40
$3.37
Cash / Share
$13.08
$11.57
$15.91
·
·
·
·
·
·
·
$11.73
$10.05
EPS (TTM)
$1.59
$1.35
$2.91
$2.86
$3.89
$-24.02
$26.84
$26.67
$25.90
$22.08
$18.31
$15.82
Valuation (TTM)17
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$2.61B
$2.60B
$3.29B
$3.10B
$4.29B
$3.31B
$3.39B
$3.29B
$2.83B
$2.51B
$1.11B
$798M
Net Income TTM
$559M
$475M
$1.01B
$977M
$1.31B
$-745M
$829M
$811M
$763M
$644M
$536M
$447M
Market Cap
$3.35B
$3.87B
$4.51B
·
·
·
·
·
·
·
$784M
$586M
Enterprise Value
·
·
·
·
·
·
·
·
·
·
$-105M
$290M
P/E
6.3
8.7
4.7
5.4
7.9
-2.0
1.3
1.6
1.8
1.0
1.5
1.3
P/S
1.3
1.5
1.4
·
·
·
·
·
·
·
0.7
0.7
P/B
0.3
0.4
0.4
·
·
·
·
·
·
·
0.3
2.0
P / Tangible Book
0.3
0.4
0.4
·
·
·
·
·
·
·
·
·
P / Cash Flow
3.4
10.0
3.4
·
·
·
·
·
·
·
1.2
6.2
P / FCF
4.0
12.7
3.9
·
·
·
·
·
·
·
1.5
6.9
EV / EBITDA
·
·
·
·
·
·
·
·
·
·
-0.2
3.2
EV / FCF
·
·
·
·
·
·
·
·
·
·
-0.2
3.4
EV / Revenue
·
·
·
·
·
·
·
·
·
·
-0.1
0.4
Dividend Yield
16.3%
26.1%
3.9%
·
·
·
·
·
·
·
·
0.28%
Earnings Yield
15.8%
11.5%
21.1%
18.4%
12.7%
-50.2%
75.9%
61.6%
56.0%
100.7%
65.6%
75.7%
Payout Ratio
97.8%
212.0%
17.6%
·
·
·
·
·
·
·
·
0.36%
Annual Payout
$547M
$1.01B
$178M
·
·
·
·
·
·
·
·
$2M
Per Share1
Metric
Trend
Q4 2016
Q4 2011
Q4 2010
EPS (TTM)
$22.08
$0.84
$0.46
Valuation (TTM)4
Metric
Trend
Q4 2016
Q4 2011
Q4 2010
Revenue TTM
$2.51B
$64M
$31M
Net Income TTM
$644M
$24M
$12M
P/E
1.0
7.3
42.5
Earnings Yield
100.7%
13.7%
2.4%
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$2.61B
$2.60B
$3.29B
$3.10B
$4.29B
Operating Margin %
29.8%
24.4%
33.3%
35.1%
27.9%
Net Income
$559M
$475M
$1.01B
$977M
$1.31B
Diluted EPS
$1.59
$1.35
$2.91
$2.86
$3.89
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
4.5
4.5
3.8
3.3
2.4
Quick Ratio
3.8
3.9
3.2
2.7
1.9
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$842M
$305M
$1.16B
$570M
$-749M
Institutional owners (13F)
96 filers
· $242.0M total
· As of June 30, 2026
17
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.
Holders96
Value held$242.0M
New positions15
Exited positions12
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
15 (-2 vs prior Q)
12 (-3 vs prior Q)
22 (0 vs prior Q)
31 (-1 vs prior Q)
-809K
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.