Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise111.0%
Next ReportNov 03, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 3, 2026
$-1.06
$-0.35
-205.7%
March 31, 2026
$0.28
$-0.89
131.6%
Dec. 31, 2025
$1.55
$-0.25
713.9%
Sept. 30, 2025
$-0.02
$-1.05
98.1%
June 30, 2025
$-0.91
$-0.91
0.32%
March 31, 2025
$-2.30
$-1.34
-72.1%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement14
Metric
Trend
2025
2024
2023
2022
2021
Revenue
$3.17B
$3.55B
$3.13B
$3.93B
$6.13B
SG&A Expense
$806M
$794M
$747M
$812M
$908M
Operating Expenses
$3.00B
$3.00B
$3.46B
$-52M
$6.04B
Operating Income
$173M
$551M
$-331M
$3.98B
$95M
Interest Expense
·
·
$305M
$296M
$618M
Other Non-op
$2M
$29M
$-45M
$-129M
$-14M
Pretax Income
$-153M
$395M
$-637M
$3.61B
$-499M
Income Tax
$-54M
$76M
$-358M
$913M
$-173M
Net Income
$-112M
$310M
$-291M
$2.65B
$-414M
EPS (Basic)
$-1.61
$4.72
$-4.46
$37.54
$-5.51
EPS (Diluted)
$-1.61
$4.69
$-4.46
$37.54
$-5.51
Shares (Basic)
69,118,000
65,782,000
65,125,000
70,653,000
75,050,000
Shares (Diluted)
69,118,000
66,096,000
65,125,000
70,656,000
75,050,000
EBITDA
$422M
$801M
$-60M
·
·
Balance Sheet21
Metric
Trend
2025
2024
2023
2022
2021
Cash & Equivalents
$866M
$697M
$662M
$884M
·
Receivables
$687M
$637M
$616M
$612M
·
Prepaid Expense
$147M
$146M
$189M
$182M
·
Current Assets
$1.70B
$1.49B
$1.48B
$1.68B
·
Goodwill
$2.08B
$2.08B
$2.08B
$2.09B
$2.09B
Intangibles
$533M
$630M
$779M
$946M
·
Other Non-current Assets
$717M
$710M
$742M
$964M
·
Total Assets
$5.95B
$5.88B
$6.08B
$6.70B
·
Accounts Payable
$496M
$416M
$913M
$397M
·
Accrued Liabilities
$496M
$416M
$913M
$397M
·
Current Liabilities
$703M
$605M
$1.10B
$608M
·
Capital Leases
$112M
$130M
$152M
$154M
·
Deferred Tax
$213M
$335M
$252M
$610M
·
Other Non-current Liabilities
$180M
$195M
$204M
$220M
·
Total Liabilities
$5.58B
$5.37B
$5.86B
$5.83B
·
Long-term Debt
$4.35B
$4.09B
$4.15B
·
·
Total Debt
$22M
$35M
$34M
·
·
Retained Earnings
$-171M
$10M
$-234M
$122M
·
AOCI
$0
$2M
$1M
$1M
·
Stockholders' Equity
$443M
$583M
$285M
$748M
·
Liabilities + Equity
$5.95B
$5.88B
$6.08B
$6.70B
·
Cash Flow18
Metric
Trend
2025
2024
2023
2022
2021
D&A
$249M
$250M
$271M
$321M
$591M
Stock-based Comp
$51M
$51M
$45M
$50M
$60M
Deferred Tax
$-121M
$82M
$-358M
$904M
$-97M
Amort. of Intangibles
$145M
$149M
$166M
$221M
$477M
Other Non-cash
$122M
$-595M
$568M
·
·
Operating Cash Flow
$189M
$98M
$235M
$799M
$327M
CapEx
$74M
$84M
$92M
$105M
$80M
Investing Cash Flow
$-120M
$77M
$52M
$-381M
$-246M
Debt Issued
$1.80B
$0
$0
$728M
$357M
Net Debt Issued
$1.80B
$0
$0
·
·
Stock Repurchased
$0
$0
$153M
$120M
$61M
Net Stock Activity
$0
$0
$-153M
·
·
Dividends Paid
$69M
$66M
$65M
$70M
$60M
Financing Cash Flow
$100M
$-140M
$-509M
$-353M
$-524M
Net Change in Cash
$169M
$35M
$-222M
$65M
$-443M
Taxes Paid
$45M
$3M
$4M
·
·
Free Cash Flow
$115M
$14M
$143M
·
·
Levered FCF
·
·
$9M
·
·
Profitability7
Metric
Trend
2025
2024
2023
2022
2021
Operating Margin
5.5%
15.5%
-10.6%
·
·
Net Margin
-3.5%
8.7%
-9.3%
·
·
Pretax Margin
-4.8%
11.1%
-20.3%
·
·
EBITDA Margin
13.3%
22.6%
-1.9%
·
·
ROA
-1.9%
5.2%
-4.5%
·
·
ROE
-21.8%
71.4%
-56.3%
·
·
ROIC
24.1%
72.0%
-45.5%
·
·
Liquidity & Solvency4
Metric
Trend
2025
2024
2023
2022
2021
Current Ratio
2.4
2.5
1.3
·
·
Quick Ratio
2.2
2.2
1.2
·
·
Debt / Equity
0.0
0.1
0.1
·
·
Interest Coverage
·
·
-1.1
·
·
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
Asset Turnover
0.5
0.6
0.5
·
·
Receivables Turnover
4.8
5.7
5.1
·
·
Per Share3
Metric
Trend
2025
2024
2023
2022
2021
Revenue / Share
$45.85
$53.68
$48.12
·
·
Cash Flow / Share
$2.73
$1.48
$3.61
·
·
EPS (TTM)
$-1.61
$4.69
$-4.46
·
·
Growth Rates2
Metric
Trend
2025
2024
2023
2022
2021
Revenue YoY
-10.7%
13.2%
-20.2%
-36.0%
·
Revenue CAGR 3Y
-6.9%
-16.7%
·
·
·
Valuation (TTM)6
Metric
Trend
2025
2024
2023
2022
2021
Revenue TTM
$3.17B
$3.55B
$3.13B
·
·
Net Income TTM
$-112M
$310M
$-291M
·
·
P/E
-9.5
3.4
-2.9
·
·
Earnings Yield
-10.5%
29.1%
-34.2%
·
·
Payout Ratio
-61.6%
21.3%
-22.3%
·
·
Annual Payout
$69M
$66M
$65M
·
·
Income Statement14
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
$840M
$807M
$836M
$773M
$784M
$776M
$1.00B
$917M
$829M
$798M
$826M
$767M
$768M
$773M
$960M
$843M
SG&A Expense
$217M
$214M
$211M
$203M
$200M
$192M
$203M
$201M
$194M
$196M
$190M
$176M
$190M
$191M
$207M
$190M
Operating Expenses
$790M
$780M
$756M
$715M
$763M
$762M
$738M
$738M
$765M
$756M
$1.21B
$730M
$771M
$752M
$707M
$689M
Operating Income
$50M
$27M
$80M
$58M
$21M
$14M
$266M
$179M
$64M
$42M
$-386M
$37M
$-3M
$21M
$253M
$154M
Interest Expense
·
·
·
·
·
·
·
·
·
$76M
·
$77M
$76M
$74M
·
$59M
Other Non-op
$55M
$-78M
$57M
$29M
$-18M
$-66M
$7M
$24M
$-42M
$40M
$3M
$-21M
$-38M
$11M
$26M
$10M
Pretax Income
$35M
$-137M
$123M
$0
$-76M
$-200M
$225M
$125M
$24M
$21M
$-462M
$-57M
$-107M
$-11M
$219M
$138M
Income Tax
$112M
$-158M
$7M
$-1M
$-14M
$-46M
$46M
$29M
$5M
$-4M
$-122M
$-12M
$-20M
$-204M
$157M
$109M
Net Income
$-76M
$20M
$109M
$-1M
$-64M
$-156M
$176M
$94M
$17M
$23M
$-341M
$-46M
$-89M
$185M
$55M
$21M
EPS (Basic)
$-1.06
$0.28
$1.62
$-0.02
$-0.91
$-2.30
$2.67
$1.43
$0.27
$0.35
$-4.99
$-0.74
$-1.38
$2.65
$0.95
$0.32
EPS (Diluted)
$-1.06
$0.28
$1.62
$-0.02
$-0.91
$-2.30
$2.64
$1.43
$0.27
$0.35
$-4.98
$-0.74
$-1.38
$2.64
$0.95
$0.32
Shares (Basic)
72,157,000
70,565,000
·
69,660,000
69,589,000
67,489,000
·
66,355,000
66,189,000
64,156,000
·
63,325,000
64,012,000
69,744,000
·
69,907,000
Shares (Diluted)
72,157,000
70,820,000
·
69,660,000
69,589,000
67,489,000
·
66,526,000
66,189,000
64,403,000
·
63,325,000
64,012,000
69,864,000
·
69,907,000
EBITDA
·
$92M
·
$120M
$80M
$76M
·
$242M
$127M
$105M
·
$103M
$70M
·
·
·
Balance Sheet20
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
$604M
$844M
$866M
$526M
$616M
$631M
$697M
$536M
$378M
$655M
·
$643M
$728M
·
·
·
Receivables
$647M
$631M
$687M
$633M
$624M
$676M
$637M
$617M
$662M
$642M
·
$597M
$582M
·
·
·
Prepaid Expense
$137M
$153M
$147M
$180M
$186M
$161M
$146M
$195M
$174M
$177M
·
$206M
$190M
·
·
·
Current Assets
$1.39B
$1.63B
$1.70B
$1.34B
$1.46B
$1.50B
$1.49B
$1.35B
$1.22B
$1.48B
·
$1.45B
$1.51B
·
·
·
Goodwill
$2.08B
$2.08B
$2.08B
$2.09B
$2.09B
$2.09B
$2.08B
$2.08B
$2.08B
$2.08B
$2.08B
$2.08B
$2.08B
·
$2.09B
·
Intangibles
·
·
$533M
·
·
·
$630M
·
·
·
·
·
·
·
·
·
Other Non-current Assets
$648M
$651M
$717M
$646M
$617M
$626M
$710M
$692M
$680M
$725M
·
$730M
$752M
·
·
·
Total Assets
$5.48B
$5.78B
$5.95B
$5.57B
$5.67B
$5.78B
$5.88B
$5.79B
$5.69B
$6.04B
·
$6.08B
$6.20B
·
·
·
Accounts Payable
$526M
$475M
$496M
$459M
$558M
$439M
$416M
$479M
$503M
$854M
·
$419M
$452M
·
·
·
Accrued Liabilities
·
·
$496M
·
·
·
$416M
·
·
·
·
·
·
·
·
·
Current Liabilities
$714M
$672M
$703M
$666M
$772M
$724M
$605M
$709M
$686M
$1.04B
·
$624M
$624M
·
·
·
Capital Leases
$108M
$113M
$112M
$118M
$122M
$126M
$130M
$135M
$143M
$148M
·
$140M
$145M
·
·
·
Deferred Tax
$141M
$57M
$213M
$236M
$193M
$196M
$335M
$288M
$263M
$258M
·
$376M
$387M
·
·
·
Other Non-current Liabilities
$170M
$177M
$180M
$184M
$199M
$189M
$195M
$195M
$198M
$200M
·
$207M
$212M
·
·
·
Total Liabilities
$5.18B
$5.38B
$5.58B
$5.29B
$5.38B
$5.41B
$5.37B
$5.44B
$5.41B
$5.77B
·
$5.50B
$5.56B
·
·
·
Long-term Debt
·
·
$4.35B
·
·
·
·
·
·
·
·
·
·
·
·
·
Retained Earnings
$-263M
$-169M
$-171M
$-263M
$-244M
$-163M
$10M
$-149M
$-227M
$-227M
·
$122M
$184M
·
·
·
AOCI
·
·
$0
$1M
$1M
$1M
$2M
$-2M
$6M
$5M
·
$9M
$7M
·
·
·
Stockholders' Equity
$380M
$467M
$443M
$347M
$361M
$436M
$583M
$415M
$340M
$333M
·
$646M
$702M
·
·
·
Liabilities + Equity
$5.48B
$5.78B
$5.95B
$5.57B
$5.67B
$5.78B
$5.88B
$5.79B
$5.69B
$6.04B
·
$6.08B
$6.20B
·
·
·
Cash Flow16
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
$68M
$65M
$66M
$62M
$59M
$62M
$61M
$63M
$63M
$63M
$67M
$66M
$73M
$65M
$66M
$67M
Stock-based Comp
$12M
$21M
$9M
$9M
$11M
$22M
$6M
$8M
$10M
$27M
$3M
$6M
$13M
$23M
$4M
$8M
Amort. of Intangibles
$42M
$39M
$37M
$37M
$35M
$36M
$36M
$37M
$38M
$38M
$42M
$42M
$41M
$41M
$42M
$43M
Other Non-cash
·
$-63M
·
·
·
$77M
·
·
·
$-117M
·
·
·
·
·
·
Operating Cash Flow
$66M
$43M
$98M
$-36M
$122M
$5M
$198M
$210M
$-306M
$-4M
$92M
$1M
$80M
$62M
$341M
$251M
CapEx
$20M
$15M
$19M
$22M
$17M
$16M
$23M
$17M
$23M
$21M
$22M
$30M
$20M
$20M
$31M
$29M
Investing Cash Flow
$15M
$-24M
$-27M
$-28M
$-23M
$-42M
$-9M
$-24M
$56M
$54M
$-45M
$-32M
$173M
$-44M
$-29M
$-23M
Debt Issued
$0
$0
$375M
$0
$0
$1.43B
$0
$0
$0
$0
$0
$0
·
·
$0
$0
Net Debt Issued
·
$0
·
·
·
$1.43B
·
·
·
·
·
·
·
·
·
·
Stock Repurchased
·
·
·
·
·
·
$0
$0
$0
$0
$0
$0
$100M
$53M
$6M
$10M
Net Stock Activity
·
·
·
·
·
·
·
·
·
$0
·
·
·
·
·
·
Dividends Paid
$18M
$18M
$17M
$18M
$17M
$17M
$17M
$16M
$17M
$16M
$15M
$16M
$16M
$18M
$17M
$17M
Financing Cash Flow
$-321M
$-41M
$269M
$-26M
$-114M
$-29M
$-28M
$-28M
$-27M
$-57M
$-28M
$-54M
$-148M
$-279M
$-35M
$-41M
Net Change in Cash
$-240M
$-22M
$340M
$-90M
$-15M
$-66M
$161M
$158M
$-277M
$-7M
$19M
$-85M
$105M
$-261M
$277M
$187M
Free Cash Flow
·
$28M
·
·
·
$-11M
·
·
·
$-25M
·
·
·
·
·
·
Levered FCF
·
·
·
·
·
·
·
·
·
$-115M
·
·
·
·
·
·
Profitability7
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
·
3.4%
·
7.5%
2.7%
1.8%
·
19.5%
7.7%
5.3%
·
4.8%
-0.39%
·
·
·
Net Margin
·
2.5%
·
-0.13%
-8.2%
-20.1%
·
10.2%
2.1%
2.9%
·
-6.0%
-11.6%
·
·
·
Pretax Margin
·
-17.0%
·
0.00%
-9.7%
-25.8%
·
13.6%
2.9%
2.6%
·
-7.4%
-13.9%
·
·
·
EBITDA Margin
·
11.4%
·
15.5%
10.2%
9.8%
·
26.4%
15.3%
13.2%
·
13.4%
9.1%
·
·
·
ROA
·
0.35%
·
-0.02%
-1.1%
-2.6%
·
1.6%
0.29%
0.76%
·
-1.5%
-2.9%
·
·
·
ROE
·
4.4%
·
-0.26%
-18.3%
-40.6%
·
17.7%
3.3%
13.8%
·
-14.2%
-25.4%
·
·
·
ROIC
·
-0.89%
·
·
4.8%
2.5%
·
33.1%
14.9%
15.0%
·
4.5%
-0.35%
·
·
·
Liquidity & Solvency3
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
·
2.4
·
2.0
1.9
2.1
·
1.9
1.8
1.4
·
2.3
2.4
·
·
·
Quick Ratio
·
2.2
·
1.7
1.6
1.8
·
1.6
1.5
1.2
·
2.0
2.1
·
·
·
Interest Coverage
·
·
·
·
·
·
·
·
·
0.6
·
0.5
-0.0
·
·
·
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Asset Turnover
·
0.1
·
0.1
0.1
0.1
·
0.2
0.1
0.3
·
0.3
0.2
·
·
·
Receivables Turnover
·
1.2
·
1.2
1.2
1.2
·
1.5
1.3
2.5
·
2.6
2.6
·
·
·
Per Share3
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 / Share
·
$11.40
·
$11.10
$11.27
$11.50
·
$13.78
$12.52
$12.39
·
$12.11
$12.00
·
·
·
Cash Flow / Share
·
$0.61
·
·
·
$0.07
·
·
·
$-0.06
·
·
·
·
·
·
EPS (TTM)
$0.82
$0.97
·
$-0.59
$0.86
$2.04
·
$-2.93
$-5.10
$-6.75
·
$1.47
$2.53
$3.74
·
·
Valuation (TTM)6
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue TTM
$3.26B
$3.20B
·
$3.34B
$3.48B
$3.53B
·
$3.37B
$3.22B
$3.16B
·
$3.27B
$3.34B
$3.41B
·
·
Net Income TTM
$52M
$64M
·
$-45M
$50M
$131M
·
$-207M
$-347M
$-453M
·
$105M
$172M
$250M
·
·
P/E
17.4
13.3
·
-25.6
16.1
7.8
·
-5.2
-2.6
-2.0
·
7.6
5.5
4.6
·
·
Earnings Yield
5.8%
7.5%
·
-3.9%
6.2%
12.8%
·
-19.1%
-38.3%
-50.1%
·
13.1%
18.3%
21.8%
·
·
Payout Ratio
·
90.0%
·
·
·
-10.9%
·
·
·
69.6%
·
·
·
·
·
·
Annual Payout
$71M
$70M
·
$69M
$67M
$67M
·
$64M
$64M
$63M
·
$67M
$68M
·
·
·
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
$3.17B
$3.55B
$3.13B
$3.93B
$6.13B
Operating Margin %
5.5%
15.5%
-10.6%
·
·
Net Income
$-112M
$310M
$-291M
$2.65B
$-414M
Diluted EPS
$-1.61
$4.69
$-4.46
$37.54
$-5.51
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
0.0
0.1
0.1
·
·
Current Ratio
2.4
2.5
1.3
·
·
Quick Ratio
2.2
2.2
1.2
·
·
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$115M
$14M
$143M
·
·
Institutional owners (13F)
195 filers
· $521.2M total
· As of Sept. 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.
Holders195
Value held$521.2M
New positions30
Exited positions19
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
30 (-12 vs prior Q)
19 (-13 vs prior Q)
81 (+32 vs prior Q)
36 (-19 vs prior Q)
+1.7M
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.
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
DAVID D. SMITH, FREDERICK G. SMITH, J. DUNCAN SMITH, ROBERT E. SMITH
×2 filings
Gabelli Funds, LLC I.D. No ., GAMCO Asset Management, Inc. I.D. No ., MJG Associates, Inc. I.D. No ., Gabelli & Company Investment Advisers, Inc. I.D. No ., Teton Advisors, LLC I.D. No ., Gabelli Foundation, Inc. I.D. No ., GGCP, Inc. I.D. No ., GAMCO Investors, Inc. I.D. No ., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
17 insiders
· 10 officers · 9 directors