PRGO Perrigo Company plc Ordinary Shares
About Perrigo Company plc Ordinary Shares Company overview from Wikipedia
Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters in Grand Rapids, Michigan, within Michigan State University's Grand Rapids Innovation Park.
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Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters in Grand Rapids, Michigan, within Michigan State University's Grand Rapids Innovation Park.
Perrigo engages in the acquisition (for repricing), manufacture, and sale of consumer healthcare products, generic prescription drugs, and active pharmaceutical ingredients (APIs), primarily in the United States, from its base in Ireland. On 21 December 2018, Perrigo suffered its biggest one-day share price fall in its history after the Irish Revenue Commissioners issued a tax claim against Perrigo that equated to half of its market value.
History
L. Perrigo Company was founded in 1887 in Allegan, Michigan, by Luther and Charles Perrigo, who ran a general store.
In 1991 Perrigo had an initial public offering on Nasdaq.
In March 2005 the firm acquired Agis Industries Limited (traded as AGIS at the Tel Aviv Stock Exchange), an Israel-based generic pharmaceuticals company in an $850 million transaction. Agis was founded in 1983 by Mori Arkin, who developed his father's small drug import business into a multinational generic pharmaceutical company. As a result of the acquisition, Arkin owned 9% of Perrigo, and was appointed as Vice Chairman of the company.
In July 2013, Perrigo announced that it would execute a corporate tax inversion to Ireland in order to avoid U.S. corporate taxes, via an $8.6 billion acquisition of Irish-based Elan Corporation. As of November 2018, Perrigo is the sixth-largest U.S. tax inversion in history. Over 70% of Perrigo's sales, and an even greater percentage of Perrigo profits, are from the U.S. healthcare system.
In April 2015, Perrigo received an unsolicited buy-out offer from Mylan of $29 billion, which was ultimately rejected by management and shareholders. In May 2016, Perrigo investors sued the company over statements made during the Mylan bid, which were said to have persuaded shareholders to vote against the deal. In the months prior to this suit, the company's chairman and CEO, Joseph Papa, who has been credited with "fending off" Mylan's bid, left to take the CEO role at Valeant. Upon Papa's departure, John Hendrickson, who was at the time the company's president, took on the additional roles of chairman and CEO. Hendrickson was succeeded by Uwe Roehrhoff in January, 2018. Murray S. Kessler succeeded Roehroff already in October of that same year. As of July 2023, Patrick Lockwood-Taylor is the current President and CEO.
On 20 December 2018, the Financial Times reported that the Irish Revenue Commissioners levied a €1.64 billion (not including penalties and interest) Irish tax claim on Perrigo for unpaid capital gains tax (CGT) from the 2013 sale of Tysabri to Biogen by Elan, which happened months before Perrigo's acquisition of Elan. The claim is the second largest ever issued by the Revenue Commissioners in Irish history, after Apple's €13 billion Irish tax fine. On 21 December 2018, the Irish Times reported that Revenue claimed Perrigo owed CGT at a rate of 33% as an "asset sale", however Perrigo claimed that the sale was part of Elan's normal "trading income", and was subject to the lower 12.5% Irish corporate tax rate, which Perrigo was able to reduce to 0% using Ireland's multinational tax BEPS tools.
In June 2022, Perrigo moved its corporate headquarters from Allegan to downtown Grand Rapids, about 40 miles north, within Michigan State University's Grand Rapids Innovation Park. The company still maintains offices and production at the Allegan campus.
In 2023, its subsidiary, HRA Pharma, received approval from the FDA to sell an over the counter women’s contraception drug called Opill.
Acquisitions
On 9 January 2008, the firm acquired Galpharm Healthcare, Ltd., a supplier of over-the-counter store brand pharmaceuticals in the United Kingdom. On 16 September 2008, the firm acquired J.B. Laboratories. On 6 October 2008, it acquired Laboratorios Diba S.A., enabling the company to market its products in Mexico. On 13 November 2008, it acquired Unico Holdings, a manufacturer of store brand pediatric electrolytes, enemas and feminine hygiene products for retail consumers in the U.S.
On 1 March 2010, the firm acquired Orion Laboratories Pty, Ltd., a supplier of over-the-counter (OTC) store brand pharmaceutical products in Australia and New Zealand. On 23 March 2010, it acquired PBM Holdings, Inc., a producer of over-the-counter store brand infant formula and baby foods in the United States, Canada, Mexico and China.
On 20 January 2011, the firm announced that it would acquire Paddock Laboratories Inc., with the deal expected to close in fiscal 2012.
In September 2012, Perrigo announced its intention to enter the animal wellness category by acquiring the assets of Sergeant's Pet Care Products, Inc., a privately held manufacturer of over-the-counter companion animal healthcare products.
On 11 February 2013, Perrigo announced the completion of the acquisition of Rosemont Pharmaceuticals Ltd., a specialty and generic prescription pharmaceutical company focused on the manufacturing and marketing of oral liquid formulations.
On 29 July 2013, the firm announced that it would acquire Élan, a pharmaceutical firm based in Dublin. The Élan acquisition enabled Perrigo to reincorporate as an Irish company using Élan's headquarters (although the executive offices remained in Allegan), lowering its effective tax rate (called a tax inversion).
In November 2014, Perrigo announced it had agreed to buy Belgian health-products provider Omega Pharma for approximately $4.5 billion (€3.6 billion). The transaction was completed in March 2015.
In August 2016, the company announced it would acquire US national distributor of over-the-counter medicines, Geiss, Destin & Dunn.
In May 2019, Perrigo announced it would acquire Ranir Global Holdings LLC, boosting its oral self-care offering, with the transaction valued at $750 million.
In February 2020, announced that it has reached an agreement to acquire the oral care assets of High Ridge Brands for $113 million.
In March 2021, Perrigo confirmed it would sell off its generics business to Altaris Capital Partners for $1.55 billion. In September, the business announced it would acquire HRA Pharma from investment firms Astorg and Goldman Sachs Asset Management for $2.1 billion, and completed the acquisition in April 2022.
Acquisition history
The following is an illustration of the company's major mergers and acquisitions and historical predecessors (this is not a comprehensive list):
Segments
The company operates in three segments; Consumer Self-care Americas, Rx Pharmaceuticals, and Consumer Self-Care International. The Consumer Self-care Americas segment produces over-the-counter pharmaceutical and nutritional products in the United States and the United Kingdom. This segment offers analgesic, cough/cold/allergy/sinus, gastrointestinal, smoking cessation, first aid, antacids, hemorrhoidal remedies, motion sickness, sleep aid products, feminine hygiene products, vitamin, nutritional supplement products, and male pattern baldness remedies which are manufactured in Israel.
The Rx Pharmaceuticals segment produces generic prescription drugs in the United States. This segment provides creams, ointments, lotions, gels, and solutions, as well as nasal sprays, foams, and transdermal devices. Believing that Rx business has the potential to realize greater value outside of Perrigo, board okays separation of prescription pharma business on 9 August 2018.
The Consumer Self-Care International (CSCI) segment develops, manufactures, markets, and distributes well-known European self-care brands in the natural health and vitamins, cough, cold and allergy, oral care, smoking cessation, personal care and derma-therapeutics and lifestyle categories.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
PRGO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
PRGO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| May 29, 2026 | $0.2900 |
| March 2, 2026 | $0.2900 |
| Aug. 29, 2025 | $0.2900 |
| May 30, 2025 | $0.2900 |
| March 7, 2025 | $0.2900 |
| Nov. 29, 2024 | $0.2760 |
| Aug. 30, 2024 | $0.2760 |
| May 31, 2024 | $0.2760 |
| March 7, 2024 | $0.2760 |
| Nov. 30, 2023 | $0.2730 |
| Aug. 31, 2023 | $0.2730 |
| June 1, 2023 | $0.2730 |
| March 9, 2023 | $0.2730 |
| Dec. 1, 2022 | $0.2600 |
| Sept. 1, 2022 | $0.2600 |
| June 2, 2022 | $0.2600 |
| Feb. 25, 2022 | $0.2600 |
| Dec. 2, 2021 | $0.2400 |
| Sept. 2, 2021 | $0.2400 |
| June 3, 2021 | $0.2400 |
PRGO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 2 20.0%
- Buy 4 40.0%
- Hold 4 40.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-15Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.50 | $0.35 | 0.15% |
| March 31, 2026 | $0.43 | $0.32 | 0.11% |
| Dec. 31, 2025 | $0.79 | $0.80 | -0.01% |
| Sept. 30, 2025 | $0.80 | $0.77 | 0.03% |
| June 30, 2025 | $0.57 | $0.61 | -0.04% |
| March 31, 2025 | $0.60 | $0.56 | 0.04% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PRGO | $1.92B | -1.4 | -2.8% | -33.5% | -38.5% | 35.1% |
| JAZZ | — | -29.1 | 4.9% | — | — | — |
| GHRS | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.25B | $4.37B | $4.66B | $4.45B | $4.14B | $4.09B | $3.87B | $4.73B | $4.95B | $5.28B | · | |
| Cost of Revenue | $2.76B | $2.83B | $2.98B | $3.00B | $2.72B | $2.59B | $2.44B | $2.90B | $2.97B | $3.23B | · | |
| Gross Profit | $1.49B | $1.54B | $1.68B | $1.46B | $1.42B | $1.49B | $1.43B | $1.83B | $1.98B | $2.05B | · | |
| R&D Expense | $95M | $112M | $122M | $123M | $122M | $122M | $119M | $219M | $168M | $184M | · | |
| SG&A Expense | $436M | $468M | $522M | $512M | $482M | $478M | $476M | $436M | $461M | $452M | · | |
| Operating Expenses | $2.62B | $1.43B | $1.53B | $1.38B | $1.01B | $1.23B | $1.26B | $1.59B | $1.38B | $4.05B | · | |
| Operating Income | $-1.12B | $113M | $152M | $79M | $410M | $265M | $175M | $236M | $598M | $-2.00B | · | |
| Other Non-op | $-13M | $900.0K | $10M | $-53M | $-27M | $-16M | $69M | $-6M | $10M | $-23M | · | |
| Pretax Income | $-1.30B | $-81M | $-8M | $-139M | $259M | · | · | $291M | $280M | $-4.85B | · | |
| Income Tax | $104M | $80M | $-4M | $-8M | $390M | $-38M | $-11M | $160M | $160M | $-836M | · | |
| Net Income | $-1.43B | $-172M | $-13M | $-141M | $-69M | $-163M | $146M | $131M | $120M | $-4.01B | · | |
| EPS (Basic) | $-10.29 | $-1.25 | $-0.09 | $-1.04 | $-0.52 | $-1.20 | $1.07 | $0.95 | $0.84 | $-28.01 | · | |
| EPS (Diluted) | $-10.29 | $-1.25 | $-0.09 | $-1.04 | $-0.52 | $-1.19 | $1.07 | $0.95 | $0.84 | $-28.01 | · | |
| Shares (Basic) | 138,500,000 | 137,400,000 | 135,300,000 | 134,500,000 | 133,600,000 | 136,100,000 | 136,000,000 | 137,800,000 | 142,300,000 | 143,300,000 | · | |
| Shares (Diluted) | 138,500,000 | 137,400,000 | 135,300,000 | 134,500,000 | 133,600,000 | 137,200,000 | 136,500,000 | 138,300,000 | 142,600,000 | 143,300,000 | · | |
| EBITDA | $-785M | $439M | $511M | $418M | $723M | $500M | $601M | $660M | $1.04B | $-1.54B | · |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | $559M | $751M | $601M | $1.86B | $632M | $354M | $551M | $679M | $622M | $418M | |
| Receivables | $613M | $642M | $740M | $697M | $653M | $594M | $1.24B | $1.07B | $1.13B | $1.18B | $1.19B | |
| Inventory | $1.15B | $1.08B | $1.14B | $1.15B | $1.02B | $1.06B | $967M | $878M | $807M | $795M | $899M | |
| Prepaid Expense | $231M | $199M | $201M | $272M | $306M | $182M | $166M | $400M | $203M | $212M | $286M | |
| Current Assets | $2.80B | $2.48B | $2.83B | $2.72B | $3.86B | $3.13B | $2.73B | $2.90B | $2.82B | $2.81B | $2.79B | |
| PP&E (Net) | $899M | $918M | $916M | $926M | $864M | $865M | $774M | $829M | $833M | $870M | $886M | |
| PP&E (Gross) | · | · | · | · | $1.78B | $1.73B | $1.82B | $1.68B | $1.64B | $1.66B | $1.66B | |
| Accum. Depreciation | · | · | · | · | $912M | $861M | $922M | $852M | $805M | $790M | $773M | |
| Goodwill | $2.05B | $3.32B | $3.53B | $3.49B | $3.00B | $3.10B | $3.10B | $3.98B | $4.18B | $4.05B | $5.15B | |
| Intangibles | $4.76B | $4.50B | $5.00B | $5.01B | $3.68B | $3.89B | $4.75B | $4.43B | $4.75B | $4.53B | $5.62B | |
| Other Non-current Assets | $262M | $319M | $335M | $368M | $378M | $347M | $426M | $363M | $410M | $212M | $248M | |
| Total Assets | $8.54B | $9.65B | $10.81B | $11.02B | $10.43B | $11.49B | $11.30B | $10.98B | $11.63B | $13.87B | $19.35B | |
| Accounts Payable | $474M | $495M | $478M | $537M | $411M | $452M | $520M | $475M | $450M | $472M | $556M | |
| Accrued Liabilities | · | $239M | $335M | $250M | $279M | $183M | $229M | $201M | $231M | $263M | $352M | |
| Current Liabilities | $1.01B | $1.04B | $1.59B | $1.11B | $1.59B | $1.38B | $1.34B | $1.54B | $1.44B | $1.84B | $2.55B | |
| Capital Leases | $152M | $154M | $160M | $190M | $147M | $132M | $102M | · | · | · | · | |
| Deferred Tax | $169M | $203M | $262M | $368M | $239M | $276M | $281M | $282M | $322M | $390M | $1.37B | |
| Other Non-current Liabilities | $814M | $499M | $560M | $623M | $530M | $539M | $515M | $443M | $430M | $462M | $346M | |
| Total Liabilities | $5.60B | $5.33B | $6.04B | $6.18B | $5.27B | $5.83B | $5.50B | $5.32B | $5.46B | $7.91B | $9.24B | |
| Long-term Debt | $3.64B | $3.62B | $4.07B | $4.11B | $3.52B | $3.56B | $3.37B | $3.24B | $3.34B | $5.80B | $6.03B | |
| Total Debt | $3.64B | $3.62B | $4.07B | $4.11B | $3.52B | $3.57B | $3.37B | $3.24B | · | $5.80B | · | |
| Common Stock | $6.61B | $6.73B | $6.84B | $6.94B | $7.04B | $7.12B | $7.36B | $7.42B | $7.89B | $8.13B | $8.14B | |
| Retained Earnings | $-3.68B | $-2.25B | $-2.08B | $-2.07B | $-1.93B | $-1.86B | $-1.70B | $-1.84B | $-1.98B | $-2.10B | $1.98B | |
| AOCI | $5M | $-162M | $11M | $-27M | $36M | $395M | $139M | $85M | $253M | $-82M | $-15M | |
| Stockholders' Equity | $2.94B | $4.32B | $4.77B | $4.84B | $5.15B | $5.66B | $5.80B | $5.67B | $6.17B | $5.96B | $10.11B | |
| Liabilities + Equity | $8.54B | $9.65B | $10.81B | $11.02B | $10.43B | $11.49B | $11.30B | $10.98B | $11.63B | $13.87B | $19.35B | |
| Shares Outstanding | 137,600,000 | 136,500,000 | 135,500,000 | 134,700,000 | · | · | · | · | 140,800,000 | 143,400,000 | 143,100,000 |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $338M | $326M | $360M | $339M | $312M | $385M | $396M | $424M | $445M | $457M | · | |
| Stock-based Comp | $55M | $64M | $69M | $55M | $60M | $58M | $52M | $38M | $44M | $23M | · | |
| Deferred Tax | $-51M | $10M | $-107M | $-50M | $9M | $-54M | $-44M | $-18M | $-49M | $-991M | · | |
| Amort. of Intangibles | $223M | $228M | $266M | $252M | $210M | $212M | $220M | $334M | $350M | $357M | · | |
| Restructuring | $72M | $110M | $42M | $42M | $17M | $3M | $26M | $21M | $61M | $31M | · | |
| Other Non-cash | $1.22B | $60M | $38M | $125M | $-452M | $341M | $-477M | $-800.0K | $36M | $5.08B | · | |
| Operating Cash Flow | $238M | $363M | $406M | $307M | $156M | $636M | $388M | $593M | $699M | $655M | · | |
| CapEx | $93M | $118M | $102M | $96M | $152M | $170M | $138M | $103M | $89M | $106M | · | |
| Investing Cash Flow | $-75M | $79M | $-78M | $-1.96B | $1.28B | $-188M | $-596M | $-127M | $2.34B | $-175M | · | |
| Debt Issued | $0 | $1.09B | $295M | $1.59B | $0 | $744M | $600M | $431M | $0 | $1.19B | · | |
| Net Debt Issued | $-35M | $-438M | $-30M | $628M | $0 | $154M | $124M | $-52M | $-2.61B | $631M | · | |
| Stock Issued | · | · | · | · | $0 | $0 | $900.0K | $1M | $700.0K | $8M | · | |
| Stock Repurchased | · | · | · | $0 | $0 | $164M | $0 | $400M | $192M | $0 | · | |
| Net Stock Activity | · | · | · | $0 | $0 | $-164M | $900.0K | $-399M | $-191M | $8M | · | |
| Dividends Paid | $159M | $152M | $150M | $142M | $130M | $124M | $112M | $105M | $91M | $83M | · | |
| Financing Cash Flow | $-220M | $-611M | $-187M | $422M | $-179M | $-181M | $2M | $-572M | $-3.00B | $-269M | · | |
| Net Change in Cash | $-25M | $-192M | $151M | $-1.28B | $1.24B | $287M | $-197M | $-128M | $56M | $204M | · | |
| Taxes Paid | $79M | $153M | $97M | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $145M | $245M | $304M | $211M | $4M | $466M | $250M | $490M | $610M | $549M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.1% | 35.3% | 36.1% | 32.7% | 34.2% | 35.9% | 36.7% | 38.7% | 40.0% | 38.9% | · | |
| Operating Margin | -26.4% | 2.6% | 3.3% | 1.8% | 9.9% | 2.3% | 4.2% | 5.0% | 12.1% | -37.9% | · | |
| Net Margin | -33.5% | -3.9% | -0.27% | -3.2% | -1.7% | -3.2% | 3.0% | 2.8% | 2.4% | -76.0% | · | |
| Pretax Margin | -30.5% | -1.8% | -0.18% | · | · | · | · | 6.1% | 5.7% | -91.8% | · | |
| EBITDA Margin | -18.4% | 10.0% | 11.0% | 9.4% | 17.5% | 9.9% | 12.4% | 14.0% | 21.1% | -29.2% | · | |
| ROA | -15.7% | -1.7% | -0.12% | -1.3% | -0.63% | -1.4% | 1.3% | 1.2% | · | -24.2% | · | |
| ROE | -38.5% | -3.9% | -0.27% | -3.0% | -1.3% | -2.8% | 2.5% | 2.3% | · | -50.0% | · | |
| ROIC | -18.4% | 2.8% | 0.91% | · | · | · | · | 1.2% | · | -14.1% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.8 | 2.4 | 1.8 | 2.4 | 2.4 | 2.3 | 2.1 | 1.9 | · | 1.5 | · | |
| Quick Ratio | 0.6 | 0.6 | 0.5 | 1.2 | 1.6 | 1.2 | 1.2 | 1.1 | · | 1.0 | · | |
| Debt / Equity | 1.2 | 0.8 | 0.9 | 0.8 | 0.7 | 0.6 | 0.6 | 0.6 | · | 1.0 | · | |
| LT Debt / Equity | 1.2 | 0.8 | 0.8 | 0.8 | 0.6 | 0.6 | 0.6 | 0.5 | · | 0.9 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | · | 0.3 | · | |
| Inventory Turnover | 2.5 | 2.5 | 2.6 | 2.8 | 2.6 | 3.0 | 3.3 | 3.4 | · | 3.8 | · | |
| Receivables Turnover | 6.8 | 6.3 | 6.5 | 6.5 | 6.6 | 4.4 | 4.2 | 4.3 | · | 4.5 | · |
Growth Rates 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -2.8% | -6.1% | 4.6% | 7.6% | 1.2% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -1.5% | 1.9% | 4.4% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 0.79% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 5.1% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.25B | $4.37B | $4.66B | $4.45B | $4.14B | $4.09B | $3.87B | $4.73B | $4.95B | $5.28B | · | |
| Net Income TTM | $-1.43B | $-172M | $-13M | $-141M | $-69M | $-163M | $146M | $131M | $120M | $-4.01B | · | |
| Market Cap | $1.92B | $3.51B | $4.36B | · | · | · | · | · | · | · | · | |
| P/E | -1.4 | -20.6 | -357.6 | -32.8 | -74.8 | -37.6 | 48.3 | 40.8 | 103.8 | -3.0 | · | |
| P/S | 0.5 | 0.8 | 0.9 | · | · | · | · | · | · | · | · | |
| P/B | 0.7 | 0.8 | 0.9 | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 8.0 | 9.7 | 10.8 | · | · | · | · | · | · | · | · | |
| P / FCF | 13.2 | 14.3 | 14.4 | · | · | · | · | · | · | · | · | |
| Dividend Yield | 8.3% | 4.3% | 3.4% | · | · | · | · | · | · | · | · | |
| Earnings Yield | -73.9% | -4.9% | -0.28% | -3.0% | -1.3% | -2.7% | 2.1% | 2.5% | 0.96% | -33.7% | · | |
| Payout Ratio | -11.2% | -88.8% | -1178.7% | -101.3% | -188.1% | -76.2% | 76.9% | 80.1% | 76.2% | -2.1% | · | |
| Annual Payout | $159M | $152M | $150M | $142M | $130M | $124M | $112M | $105M | $91M | $83M | · |
Income Statement 16
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $969M | $1.11B | $1.04B | $1.06B | $1.04B | $1.14B | $1.09B | $1.07B | $1.08B | $1.16B | $1.12B | $1.18B | $1.16B | |
| Cost of Revenue | $709M | $644M | $747M | $666M | $693M | $652M | $752M | $683M | $671M | $724M | $730M | $713M | $768M | $773M | |
| Gross Profit | $314M | $326M | $362M | $377M | $363M | $392M | $386M | $404M | $395M | $358M | $427M | $411M | $414M | $383M | |
| R&D Expense | $24M | $25M | $22M | $25M | $22M | $27M | $28M | $26M | $29M | $29M | $30M | $30M | $31M | $33M | |
| SG&A Expense | $100M | $115M | $116M | $94M | $113M | $112M | $95M | $117M | $126M | $130M | $129M | $126M | $135M | $126M | |
| Operating Expenses | $290M | $698M | $1.65B | $304M | $318M | $345M | $272M | $324M | $421M | $413M | $443M | $349M | $365M | $352M | |
| Operating Income | $24M | $-372M | $-1.29B | $73M | $45M | $47M | $114M | $80M | $-26M | $-55M | $-16M | $62M | $48M | $31M | |
| Other Non-op | $120M | $6M | $-1M | $-10M | $-3M | $400.0K | $600.0K | $4M | $-3M | $-400.0K | $800.0K | $600.0K | $-500.0K | $-4M | |
| Pretax Income | $105M | $-408M | $-1.33B | $22M | $3M | $8M | $70M | $22M | $-74M | $-99M | $-54M | $19M | · | · | |
| Income Tax | $17M | $-19M | $83M | $10M | $4M | $8M | $112M | $39M | $32M | $-103M | $-27M | $4M | $5M | $-2M | |
| Net Income | $74M | $-399M | $-1.42B | $8M | $-8M | $-6M | $-44M | $-21M | $-108M | $2M | $-32M | $14M | $-3M | $-24M | |
| EPS (Basic) | $0.54 | $-2.87 | $-10.23 | $0.05 | $-0.06 | $-0.05 | $-0.32 | $-0.15 | $-0.79 | $0.01 | $-0.23 | $0.10 | $-0.02 | $-0.17 | |
| EPS (Diluted) | $0.53 | $-2.87 | $-10.23 | $0.05 | $-0.06 | $-0.05 | $-0.32 | $-0.15 | $-0.79 | $0.01 | $-0.23 | $0.10 | $-0.02 | $-0.17 | |
| Shares (Basic) | 139,100,000 | 138,700,000 | -275,900,000 | 138,500,000 | 138,200,000 | 137,700,000 | -273,800,000 | 137,500,000 | 137,100,000 | 136,600,000 | 100,000 | 135,500,000 | 134,900,000 | 100,000 | |
| Shares (Diluted) | 139,600,000 | 138,700,000 | -276,300,000 | 138,900,000 | 138,200,000 | 137,700,000 | -274,800,000 | 137,500,000 | 137,100,000 | 137,600,000 | -1,300,000 | 136,900,000 | 134,900,000 | 100,000 | |
| EBITDA | $24M | $-289M | · | $158M | $132M | $127M | · | $80M | $-26M | $26M | · | $62M | $137M | · |
Balance Sheet 25
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | $432M | $454M | $410M | · | $1.46B | $543M | $658M | · | $598M | $553M | · | |
| Receivables | $710M | $697M | $613M | $644M | $678M | $717M | $642M | $786M | $726M | $780M | · | $738M | $739M | · | |
| Inventory | $1.06B | $1.12B | $1.15B | $1.23B | $1.22B | $1.16B | $1.08B | $1.13B | $1.12B | $1.12B | · | $1.15B | $1.18B | · | |
| Prepaid Expense | $278M | $272M | $231M | $295M | $267M | $229M | $199M | $312M | $282M | $247M | · | $280M | $266M | · | |
| Current Assets | $2.45B | $2.71B | $2.80B | $2.88B | $2.62B | $2.53B | $2.48B | $3.71B | $2.96B | $2.81B | · | $2.77B | $2.74B | · | |
| PP&E (Net) | $849M | $878M | $899M | $903M | $914M | $913M | $918M | $909M | $910M | $911M | $916M | $903M | $919M | $926M | |
| Goodwill | $1.69B | $1.70B | $2.05B | $3.36B | $3.48B | $3.38B | $3.32B | $3.42B | $3.37B | $3.49B | $3.53B | $3.55B | $3.59B | $3.49B | |
| Intangibles | $4.55B | $4.58B | $4.76B | $4.74B | $4.94B | $4.66B | $4.50B | $4.81B | $4.71B | $4.92B | · | $4.85B | $4.94B | · | |
| Other Non-current Assets | $259M | $260M | $262M | $302M | $302M | $301M | $319M | $300M | $316M | $349M | · | $387M | $343M | · | |
| Total Assets | $7.61B | $7.98B | $8.54B | $10.08B | $10.09B | $9.76B | $9.65B | $11.20B | $10.40B | $10.64B | $10.81B | $10.76B | $10.95B | $11.02B | |
| Accounts Payable | $400M | $435M | $474M | $470M | $489M | $502M | $495M | $458M | $472M | $454M | · | $433M | $505M | · | |
| Accrued Liabilities | · | · | · | $363M | $328M | $254M | · | $227M | $218M | $359M | · | $262M | $272M | · | |
| Current Liabilities | $1.05B | $998M | $1.01B | $1.15B | $1.13B | $1.07B | $1.04B | $1.45B | $1.49B | $1.55B | · | $1.01B | $1.09B | · | |
| Capital Leases | $138M | $147M | $152M | $153M | $152M | $150M | $154M | $160M | $164M | $152M | · | $173M | $185M | · | |
| Deferred Tax | $147M | $154M | $169M | $194M | $207M | $189M | $203M | $214M | $212M | $248M | · | $349M | $334M | · | |
| Other Non-current Liabilities | $609M | $712M | $814M | $690M | $673M | $542M | $499M | $660M | $535M | $526M | · | $614M | $638M | · | |
| Total Liabilities | $5.09B | $5.48B | $5.60B | $5.64B | $5.62B | $5.40B | $5.33B | $6.64B | $5.85B | $5.95B | · | $6.02B | $6.12B | · | |
| Long-term Debt | $3.29B | $3.63B | $3.64B | $3.64B | $3.65B | $3.63B | $3.62B | $4.75B | $4.06B | $4.07B | · | $4.09B | $4.10B | · | |
| Total Debt | $3.29B | $3.63B | · | $3.64B | $3.65B | $3.63B | · | $4.75B | $4.06B | $4.07B | · | $4.09B | · | · | |
| Common Stock | $6.54B | $6.58B | $6.61B | $6.64B | $6.66B | $6.69B | $6.73B | $6.76B | $6.79B | $6.80B | · | $6.86B | $6.91B | · | |
| Retained Earnings | $-4.00B | $-4.08B | $-3.68B | $-2.26B | $-2.27B | $-2.26B | $-2.25B | $-2.21B | $-2.19B | $-2.08B | · | $-2.05B | $-2.07B | · | |
| AOCI | $-23M | $-3M | $5M | $70M | $75M | $-70M | $-162M | $10M | $-54M | $-38M | · | $-78M | $-6M | · | |
| Stockholders' Equity | $2.52B | $2.50B | $2.94B | $4.45B | $4.47B | $4.36B | $4.32B | $4.57B | $4.55B | $4.69B | $4.77B | $4.74B | $4.83B | $4.84B | |
| Liabilities + Equity | $7.61B | $7.98B | $8.54B | $10.08B | $10.09B | $9.76B | $9.65B | $11.20B | $10.40B | $10.64B | · | $10.76B | $10.95B | · | |
| Shares Outstanding | 138,700,000 | 138,100,000 | 137,600,000 | 137,600,000 | 137,600,000 | 137,200,000 | 136,500,000 | 136,500,000 | 136,400,000 | 136,300,000 | · | · | · | · |
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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $96M | $83M | $86M | $85M | $86M | $80M | $80M | $82M | $82M | $81M | $86M | $91M | $89M | $97M | |
| Stock-based Comp | $7M | $14M | $13M | $13M | $17M | $12M | $20M | $6M | $23M | $16M | $11M | $15M | $25M | $8M | |
| Deferred Tax | $-6M | $-13M | $-37M | $-24M | $13M | $-3M | $23M | $-15M | $12M | $-11M | $-119M | $14M | $-10M | $-31M | |
| Amort. of Intangibles | $54M | $54M | $56M | $56M | $57M | $55M | $55M | $58M | $58M | $58M | $63M | $68M | $65M | $74M | |
| Restructuring | $14M | $75M | $13M | $21M | $9M | $29M | $12M | $17M | $37M | $44M | $16M | $16M | $3M | $10M | |
| Other Non-cash | · | $4M | · | · | · | $-323M | · | · | · | $-216M | · | · | $-169M | · | |
| Operating Cash Flow | $83M | $-114M | $175M | $52M | $76M | $-64M | $313M | $42M | $10M | $-1M | $209M | $124M | $19M | $186M | |
| CapEx | $14M | $14M | $27M | $22M | $19M | $26M | $38M | $27M | $28M | $25M | $27M | $32M | $23M | $26M | |
| Investing Cash Flow | $349M | $-12M | $-24M | $-21M | $-4M | $-26M | $-37M | $213M | $-73M | $-24M | $-23M | $-31M | $-20M | $-26M | |
| Debt Issued | $0 | $428M | $0 | $0 | $0 | $0 | $-2M | · | · | · | $295M | $0 | · | $0 | |
| Net Debt Issued | · | $3M | · | · | · | $-9M | · | · | · | $-10M | · | · | · | · | |
| Dividends Paid | $40M | $40M | $40M | $40M | $39M | $41M | $40M | $38M | $38M | $38M | $38M | $39M | $36M | $35M | |
| Financing Cash Flow | $-389M | $-45M | $-54M | $-50M | $-54M | $-62M | $-1.15B | $653M | $-50M | $-60M | $-45M | $-43M | $-51M | $-42M | |
| Net Change in Cash | $40M | $-174M | $100M | $-20M | $37M | $-142M | $-905M | $921M | $-116M | $-93M | $153M | $43M | $-48M | $132M | |
| Free Cash Flow | · | $-127M | · | · | · | $-90M | · | · | · | $-26M | · | · | $-4M | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.7% | 33.6% | · | 36.1% | 34.4% | 37.6% | · | 37.2% | 37.0% | 33.1% | · | 36.6% | 35.0% | · | |
| Operating Margin | 2.3% | -38.4% | · | 7.0% | 4.3% | 4.5% | · | 7.4% | -2.5% | -5.1% | · | 5.5% | 4.1% | · | |
| Net Margin | 7.3% | -41.1% | · | 0.72% | -0.80% | -0.61% | · | -1.9% | -10.2% | 0.18% | · | 1.3% | -0.25% | · | |
| Pretax Margin | 10.3% | -42.1% | · | 2.1% | 0.30% | 0.80% | · | 2.0% | · | · | · | · | · | · | |
| EBITDA Margin | 2.3% | -29.8% | · | 15.1% | 12.5% | 12.2% | · | 7.4% | -2.5% | 2.4% | · | 5.5% | 11.6% | · | |
| ROA | 0.84% | -4.5% | · | 0.07% | -0.08% | -0.06% | · | -0.19% | -1.0% | 0.02% | · | 0.13% | · | · | |
| ROE | 2.1% | -11.6% | · | 0.17% | -0.19% | -0.14% | · | -0.45% | -2.3% | 0.04% | · | 0.30% | · | · | |
| ROIC | 0.34% | -5.8% | · | 0.51% | -0.09% | 0.01% | · | -0.70% | · | · | · | · | · | · |
Liquidity & Solvency 4
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.3 | 2.7 | · | 2.5 | 2.3 | 2.4 | · | 2.6 | 2.0 | 1.8 | · | 2.7 | · | · | |
| Quick Ratio | 0.7 | 0.7 | · | 0.9 | 1.0 | 1.0 | · | 1.6 | 0.9 | 0.9 | · | 1.3 | · | · | |
| Debt / Equity | 1.3 | 1.5 | · | 0.8 | 0.8 | 0.8 | · | 1.0 | 0.9 | 0.9 | · | 0.9 | · | · | |
| LT Debt / Equity | 1.3 | 1.4 | · | 0.8 | 0.8 | 0.8 | · | 0.9 | 0.8 | 0.8 | · | 0.9 | · | · |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | · | · | |
| Inventory Turnover | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | · | · | |
| Receivables Turnover | 1.5 | 1.4 | · | 1.5 | 1.5 | 1.4 | · | 1.4 | 1.4 | 1.4 | · | 1.6 | · | · |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.09B | $4.11B | · | $4.23B | $4.25B | $4.28B | · | $4.36B | $4.46B | $4.58B | · | $4.60B | $4.48B | · | |
| Net Income TTM | $-325M | $-406M | · | $-28M | $-144M | $-134M | · | $-113M | $-84M | $22M | · | $-30M | $-120M | · | |
| Market Cap | $1.38B | $1.32B | · | $2.95B | $3.65B | $3.85B | · | $3.50B | $3.50B | $4.39B | · | · | · | · | |
| Enterprise Value | · | · | · | $6.16B | $6.85B | $7.07B | · | $6.79B | $7.02B | $7.79B | · | · | · | · | |
| P/E | -4.2 | -3.3 | · | -102.1 | -25.3 | -28.6 | · | -30.9 | -41.4 | 214.6 | · | -138.9 | -40.3 | · | |
| P/S | 0.3 | 0.3 | · | 0.7 | 0.9 | 0.9 | · | 0.8 | 0.8 | 1.0 | · | · | · | · | |
| P/B | 0.5 | 0.5 | · | 0.7 | 0.8 | 0.9 | · | 0.8 | 0.8 | 0.9 | · | · | · | · | |
| P / Cash Flow | · | -11.6 | · | · | · | -59.7 | · | · | · | -3133.9 | · | · | · | · | |
| P / FCF | · | -10.3 | · | · | · | -42.8 | · | · | · | -165.6 | · | · | · | · | |
| EV / EBITDA | · | · | · | 39.0 | 52.0 | 55.7 | · | 84.5 | -264.8 | 297.5 | · | · | · | · | |
| EV / FCF | · | · | · | · | · | -78.5 | · | · | · | -294.1 | · | · | · | · | |
| EV / Revenue | · | · | · | 1.5 | 1.6 | 1.7 | · | 1.6 | 1.6 | 1.7 | · | · | · | · | |
| Earnings Yield | -23.6% | -30.8% | · | -0.98% | -4.0% | -3.5% | · | -3.2% | -2.4% | 0.47% | · | -0.72% | -2.5% | · | |
| Payout Ratio | · | -10.0% | · | · | · | -634.4% | · | · | · | 1880.0% | · | · | -1206.7% | · |
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 | 2022-04-02 | |
|---|---|---|---|---|---|
| Revenue | $4.25B | $4.37B | $4.66B | $4.45B | — |
| Gross Margin % | 35.1% | 35.3% | 36.1% | 32.7% | — |
| Operating Margin % | -26.4% | 2.6% | 3.3% | 1.8% | — |
| Net Income | $-1.43B | $-172M | $-13M | $-141M | — |
| Diluted EPS | $-10.29 | $-1.25 | $-0.09 | $-1.04 | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-04-02 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.2 | 0.8 | 0.9 | 0.8 | — |
| Current Ratio | 2.8 | 2.4 | 1.8 | 2.4 | — |
| Quick Ratio | 0.6 | 0.6 | 0.5 | 1.2 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-04-02 | |
|---|---|---|---|---|---|
| Free Cash Flow | $145M | $245M | $304M | $211M | — |
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Institutional owners (13F) 374 filers · $1.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 77 (+8 vs prior Q) | 50 (-8 vs prior Q) | 118 (+10 vs prior Q) | 97 (-9 vs prior Q) | +32.0M |
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 | $193,133,485 | 13,874,532 | 13.84% | Shares |
| NEUBERGER BERMAN GROUP LLC | $110,207,831 | 10,607,106 | 7.90% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $93,984,418 | 9,045,661 | 6.73% | Shares |
| STATE STREET CORP | $88,664,318 | 8,528,704 | 6.35% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $77,906,575 | 7,498,227 | 5.58% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $64,889,893 | 6,245,418 | 4.65% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $54,276,944 | 5,223,960 | 3.89% | Shares |
| MENORA MIVTACHIM HOLDINGS LTD. | $45,656,964 | 4,394,318 | 3.27% | Shares |
| Ion Asset Management Ltd. | $39,195,200 | 1,760,000 | 2.81% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $32,112,441 | 3,089,987 | 2.30% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $31,421,573 | 3,024,213 | 2.25% | Shares |
| MILLENNIUM MANAGEMENT LLC | $30,986,419 | 2,982,331 | 2.22% | Shares |
| EDMOND DE ROTHSCHILD HOLDING S.A. | $27,774,932 | 2,673,237 | 1.99% | Shares |
| NORGES BANK | $20,928,483 | 2,014,291 | 1.50% | Shares |
| AMERICAN CENTURY COMPANIES INC | $19,537,003 | 1,880,366 | 1.40% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $19,490,269 | 1,875,868 | 1.40% | Shares |
| Sound Income Strategies, LLC | $16,152,598 | 1,554,629 | 1.16% | Shares |
| LPL Financial LLC | $14,870,860 | 1,431,267 | 1.07% | Shares |
| Quantinno Capital Management LP | $14,231,562 | 1,369,736 | 1.02% | Shares |
| GAMCO INVESTORS, INC. ET AL | $14,168,916 | 1,363,707 | 1.02% | Shares |
| GOLDMAN SACHS GROUP INC | $14,096,310 | 1,356,719 | 1.01% | Shares |
| Cutter Capital Management, LP | $13,445,657 | 479,517 | 0.96% | Shares |
| CastleKnight Management LP | $13,061,269 | 1,257,100 | 0.94% | Shares |
| COOKE & BIELER LP | $12,350,271 | 1,188,669 | 0.88% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $11,943,263 | 1,149,496 | 0.86% | Shares |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | $11,455,744 | 1,102,574 | 0.82% | Shares |
| Keeley-Teton Advisors, LLC | $10,534,067 | 375,680 | 0.75% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $9,545,906 | 918,759 | 0.68% | Shares |
| GABELLI FUNDS LLC | $9,084,590 | 874,359 | 0.65% | Shares |
| O'Keefe Stevens Advisory, Inc. | $8,682,456 | 835,655 | 0.62% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $8,625,092 | 830,134 | 0.62% | Shares |
| Blue Door Asset Management, LLC | $8,312,000 | 800,000 | 0.60% | Call option |
| Point72 Asset Management, L.P. | $7,409,867 | 713,173 | 0.53% | Shares |
| BANK OF AMERICA CORP /DE/ | $7,197,320 | 692,716 | 0.52% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $6,917,755 | 665,809 | 0.50% | Shares |
| ProShare Advisors LLC | $6,569,141 | 632,256 | 0.47% | Shares |
| Bank of New York Mellon Corp | $6,386,962 | 614,722 | 0.46% | Shares |
| NICOLA WEALTH MANAGEMENT LTD. | $6,192,440 | 596,000 | 0.44% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $5,890,340 | 566,924 | 0.42% | Shares |
| Trexquant Investment LP | $5,641,271 | 542,952 | 0.40% | Shares |
| Empowered Funds, LLC | $5,471,987 | 526,659 | 0.39% | Shares |
| Caption Management, LLC | $5,195,000 | 500,000 | 0.37% | Call option |
| Caption Management, LLC | $5,195,000 | 500,000 | 0.37% | Put option |
| Man Group plc | $5,169,856 | 497,580 | 0.37% | Shares |
| CONTINENTAL ADVISORS LLC | $4,954,305 | 476,834 | 0.35% | Shares |
| Public Sector Pension Investment Board | $4,939,209 | 475,381 | 0.35% | Shares |
| MAVERICK CAPITAL LTD | $4,655,271 | 448,053 | 0.33% | Shares |
| FEDERATED HERMES, INC. | $4,527,235 | 435,730 | 0.32% | Shares |
| Gotham Asset Management, LLC | $4,526,383 | 435,648 | 0.32% | Shares |
| FMR LLC | $4,078,782 | 392,568 | 0.29% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $4,066,023 | 391,340 | 0.29% | Shares |
| TWO SIGMA ADVISERS, LP | $3,881,912 | 278,873 | 0.28% | Shares |
| West Tower Group, LLC | $3,662,704 | 352,522 | 0.26% | Shares |
| Y-Intercept (Hong Kong) Ltd | $3,601,029 | 346,586 | 0.26% | Shares |
| RHUMBLINE ADVISERS | $3,430,599 | 330,185 | 0.25% | Shares |
| Aristotle Capital Boston, LLC | $3,415,522 | 328,731 | 0.24% | Shares |
| Bridgewater Associates, LP | $3,367,150 | 324,076 | 0.24% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $3,108,304 | 299,163 | 0.22% | Shares |
| CITIGROUP INC | $2,948,121 | 283,746 | 0.21% | Shares |
| Swiss National Bank | $2,869,718 | 276,200 | 0.21% | Shares |
| XTX Topco Ltd | $2,862,539 | 275,509 | 0.21% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,819,669 | 262,539 | 0.20% | Shares |
| READYSTATE ASSET MANAGEMENT LP | $2,718,523 | 261,648 | 0.19% | Shares |
| Caption Management, LLC | $2,633,439 | 253,459 | 0.19% | Shares |
| AMERIPRISE FINANCIAL INC | $2,561,696 | 246,554 | 0.18% | Shares |
| BlackRock, Inc. | $2,519,253 | 242,469 | 0.18% | Shares |
| Seven Six Capital Management, LLC | $2,498,795 | 240,500 | 0.18% | Shares |
| SummitTX Capital, L.P. | $2,405,856 | 231,555 | 0.17% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $2,390,000 | 230,000 | 0.17% | Shares |
| Vanguard Global Advisers, LLC | $2,247,139 | 216,279 | 0.16% | Shares |
| Legal & General Group Plc | $2,198,088 | 211,558 | 0.16% | Shares |
| Orion Portfolio Solutions, LLC | $2,186,315 | 77,972 | 0.16% | Shares |
| CONTINENTAL ADVISORS LLC | $2,168,393 | 2,087 | 0.16% | Call option |
| MORGAN STANLEY | $2,137,580 | 205,734 | 0.15% | Shares |
| Campbell & CO Investment Adviser LLC | $2,079,091 | 200,105 | 0.15% | Shares |
| CITADEL ADVISORS LLC | $2,075,673 | 199,776 | 0.15% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $1,915,255 | 184,336 | 0.14% | Shares |
| Schonfeld Strategic Advisors LLC | $1,910,751 | 183,903 | 0.14% | Shares |
| Yelin Lapidot Holdings Management Ltd. | $1,766,300 | 170,000 | 0.13% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,718,454 | 160,005 | 0.12% | Shares |
| Venture Visionary Partners LLC | $1,698,851 | 163,508 | 0.12% | Shares |
| RAYMOND JAMES FINANCIAL INC | $1,607,149 | 154,682 | 0.12% | Shares |
| Engineers Gate Manager LP | $1,577,919 | 151,869 | 0.11% | Shares |
| DEUTSCHE BANK AG\ | $1,529,439 | 147,203 | 0.11% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $1,444,303 | 139,009 | 0.10% | Shares |
| STIFEL FINANCIAL CORP | $1,357,878 | 130,688 | 0.10% | Shares |
| TWO SIGMA INVESTMENTS, LP | $1,288,578 | 124,021 | 0.09% | Shares |
| WELLS FARGO & COMPANY/MN | $1,273,762 | 122,595 | 0.09% | Shares |
| Toroso Investments, LLC | $1,270,966 | 91,305 | 0.09% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,219,963 | 117,417 | 0.09% | Shares |
| WOLVERINE TRADING, LLC | $1,175,593 | 54,100 | 0.08% | Call option |
| IMC-Chicago, LLC | $1,162,309 | 111,868 | 0.08% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $1,146,869 | 110,382 | 0.08% | Shares |
| Summit Trail Advisors, LLC | $1,128,375 | 108,602 | 0.08% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $1,111,013 | 106,931 | 0.08% | Shares |
| New Age Alpha Advisors, LLC | $1,108,249 | 106,665 | 0.08% | Shares |
| RBF Capital, LLC | $1,039,000 | 100,000 | 0.07% | Shares |
| CITADEL ADVISORS LLC | $1,033,805 | 99,500 | 0.07% | Call option |
| Dynamic Technology Lab Private Ltd | $985,000 | 94,819 | 0.07% | Shares |
| CITADEL ADVISORS LLC | $961,075 | 92,500 | 0.07% | Put option |
Company insiders 36 insiders · 13 officers · 14 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Albert Manzone | Interim President and CEO | July 8, 2026 A | — | 0 | 0 | $0 |
| Joseph C Papa | President and CEO | Aug. 22, 2014 M | 107,925 | 0 | 0 | $0 |
| Eduardo Guarita Bezerra | EVP & Chief Financial Officer | July 8, 2026 A | 84,700 | 0 | 0 | $0 |
| Matthew John Winterman | EVP, Supply, Ops, Strategy | July 8, 2026 A | 8,365 | 0 | 0 | $0 |
| Abigail Lennox | EVP and CSO | July 8, 2026 A | 4,607 | 0 | 0 | $0 |
| Charles Atkinson | EVP, General Counsel & Sec. | July 8, 2026 A | 5,855 | 0 | 0 | $0 |
| David Ball | EVP & CBDO | July 8, 2026 A | 6,747 | 0 | 0 | $0 |
| Roberto Khoury | EVP and President of CSCI | July 8, 2026 A | 14,113 | 0 | 0 | $0 |
| Robert Willis | EVP & CHRO | July 8, 2026 A | 50,568 | 0 | 0 | $0 |
| Michael Robert Stewart | Sr. VP Global Human Resources | Aug. 27, 2014 M | 0 | 0 | 0 | $0 |
| Jatin Shah | Sr VP & Chief Scientific Offic | Aug. 22, 2014 M | 5,291 | 0 | 0 | $0 |
| John T Hendrickson | EVP Global Operations & Supply | Aug. 22, 2014 M | 0 | 0 | 0 | $0 |
| Douglas Boothe | EVP & GM Perrigo Pharma | Aug. 21, 2014 A | 1 | 0 | 0 | $0 |
| Muhammad Omer Gajial | Director | July 8, 2026 A | — | 0 | 0 | $0 |
| Ahmed Salman Amin | Director | July 8, 2026 A | — | 0 | 0 | $0 |
| Geoffrey M. Parker | Director | June 12, 2026 M | 33,217 | 0 | 0 | $0 |
| Bradley Alford | Director | June 12, 2026 M | 45,465 | 0 | 0 | $0 |
| Smith Jeffrey C | Director | May 15, 2018 A | 3,662,220 | 0 | 0 | $0 |
| Herman Morris JR | Director | March 11, 2014 S | 1,600 | 0 | 0 | $0 |
| Ellen Randi Hoffing | Director | Dec. 18, 2013 A | 7,601 | 0 | 0 | $0 |
| Ran Gottfried | Director | Dec. 18, 2013 A | 12,725 | 0 | 0 | $0 |
| Laurie Brlas | Director | Dec. 18, 2013 A | 8,974 | 0 | 0 | $0 |
| Gary M Cohen | Director | Dec. 18, 2013 A | 11,868 | 0 | 0 | $0 |
| Gary K Kunkle JR | Director | Dec. 18, 2013 A | 24,204 | 0 | 0 | $0 |
| JANDERNOA MICHAEL J | Director | Dec. 18, 2013 A | 868 | 0 | 0 | $0 |
| Patrick Lockwood-Taylor | — | June 5, 2026 F | 123,170 | 0 | 0 | $0 |
| Sharon Kochan | — | April 3, 2018 A | 5,400 | 0 | 0 | $0 |
| Jeffrey Needham | — | April 2, 2018 A | 5,199 | 0 | 0 | $0 |
| Thomas Farrington | — | March 8, 2018 A | 321 | 0 | 0 | $0 |
| Todd W Kingma | — | March 8, 2018 A | 18,681 | 0 | 0 | $0 |
| Louis Yu | — | Nov. 10, 2014 S | 4,886 | 0 | 0 | $0 |
| Judy L Brown | — | Nov. 3, 2014 M | 7,445 | 0 | 0 | $0 |
| Scott F Jamison | — | Aug. 22, 2014 M | 3,999 | 0 | 0 | $0 |
| Jacqualyn A Fouse | — | Dec. 18, 2013 A | 2,433 | 0 | 0 | $0 |
| Ben-Zion Zilberfarb | — | Dec. 18, 2013 A | 3,197 | 0 | 0 | $0 |
| David T Gibbons | — | Dec. 18, 2013 A | 13 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| STARBOARD VALUE LP, STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD, STARBOARD VALUE AND OPPORTUNITY S LLC, STARBOARD VALUE AND OPPORTUNITY C LP, STARBOARD VALUE R LP, STARBOARD VALUE R GP LLC, STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP, STARBOARD VALUE L LP, STARBOARD LEADERS KILO LLC, STARBOARD LEADERS FUND LP, STARBOARD LEADERS SELECT III LP, STARBOARD LEADERS SELECT III GP LLC, STARBOARD VALUE A LP, STARBOARD VALUE A GP LLC, STARBOARD VALUE GP LLC, STARBOARD PRINCIPAL CO LP, STARBOARD PRINCIPAL CO GP LLC, JEFFREY C. SMITH, PETER A. FELD ×3 filings | Aug. 16, 2019 | — | Initial filing | — | SEC |
| Perrigo Company plc (2), Elan Corporation Limited (2), Elan Science One Limited (2) ×2 filings | Feb. 4, 2014 | — | Initial filing | Capital structure | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 51 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 |
|---|---|---|---|---|
| PEY · Invesco Exchange-Traded Fund Trust | 4.20% | 3,823,174 SH | Aug. 8, 2026 | Daily |
| PJP · Invesco Exchange-Traded Fund Trust | 3.02% | 1,191,795 SH | Aug. 8, 2026 | Daily |
| DIV · Global X Funds | 1.64% | 1,036,739 NS | April 30, 2026 | N-PORT |
| PILL · Direxion Shares ETF Trust | 1.62% | 17,588 NS | April 30, 2026 | N-PORT |
| PSCH · Invesco Exchange-Traded Fund Trust … | 0.90% | 120,088 SH | Aug. 8, 2026 | Daily |
| RZV · Invesco Exchange-Traded Fund Trust | 0.80% | 191,585 SH | Aug. 8, 2026 | Daily |
| CVAR · ETF Opportunities Trust | 0.53% | 17,195 NS | April 30, 2026 | N-PORT |
| IHE · iShares Trust | 0.38% | 493,946 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.30% | 483,365 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.19% | 1,229,751 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.15% | 293,607 SH | Aug. 8, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.13% | 143,432 NS | April 30, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.12% | 99,890 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.11% | 1,308,300 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.11% | 689,949 NS | April 30, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.11% | 21,732 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.09% | 8,441,535 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.09% | 122,460 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.08% | 482,911 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.07% | 833,407 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.06% | 193,816 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.06% | 3,582,473 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.05% | 29,203 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.04% | 105,189 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 810,165 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.04% | 440,082 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.03% | 2,010,523 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.03% | 5,968 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 1,590,918 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.02% | 3,178,628 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.02% | 415,648 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.02% | 8,341 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.01% | 4,910 NS | April 30, 2026 | N-PORT |
| PXF · Invesco Exchange-Traded Fund Trust … | 0.01% | 25,398 SH | Aug. 8, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.01% | 80,851 SH | Aug. 8, 2026 | Daily |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.01% | 247,235 NS | May 31, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.01% | 546,668 SH | Aug. 8, 2026 | Daily |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.01% | 86 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 315,315 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 5,636 NS | May 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.01% | 3,938 SH | Aug. 8, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.01% | 277,000 SH | Aug. 8, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 10,479 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 34,107 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 174,994 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 37,597 SH | Aug. 8, 2026 | Daily |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 4,817 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 4,401,851 SH | Aug. 8, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 113,746 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 11,350 SH | Aug. 8, 2026 | Daily |