STGW Stagwell Inc. - Class A Common Stock
$8.85
Price · Aug 19, 2026
Fundamentals as of Jul 31, 2026
52W Range
$4–$10
87% of range
Analyst Rating
BUY
14 analysts
Price Target
$10
+11% upside
P/E (TTM)
-1.4
ROE
5.3%
Net Profit Margin
1.0%
About Stagwell Inc. - Class A Common Stock Company overview from Wikipedia
MDC Partners Inc. is an advertising and marketing holding company based in New York City. MDC is structured as a partnership model, in which it initially acquires a majority stake in its partner agency, leaving a percentage of ownership with the founder. It has more than 50 partner firms worldwide. In August 2021, following the merger of The Stagwell Group with MDC Partners, Stagwell formed Stagwell Media Network, a group of multichannel agencies.
Read more
MDC Partners Inc. is an advertising and marketing holding company based in New York City. MDC is structured as a partnership model, in which it initially acquires a majority stake in its partner agency, leaving a percentage of ownership with the founder. It has more than 50 partner firms worldwide. In August 2021, following the merger of The Stagwell Group with MDC Partners, Stagwell formed Stagwell Media Network, a group of multichannel agencies.
History
MDC Partners was founded as Multi Discipline Communications in 1980 in Toronto by Miles Nadal. The company held an IPO on October 16, 1987.
The company operated two divisions in the 1990s: Marketing and Communications and Secure Transaction Products, which included the production of checks, credit and debit cards, tickets, and stamps. Toward the end of the 1990s, MDC concentrated on growing its marketing and communications business. It continued to expand into the United States, surpassing CAD$1 billion in revenue in 2000 through acquisitions and organic growth.
In 2001, MDC formed its first partnership with the agency Crispin Porter + Bogusky.
In January 2004, the company changed its name to MDC Partners Inc.
In 2008, MDC became the first advertising company to build a capability designed for automated, or programmatic media trading, with the formation of Varick Media Management.
The company acquired Anomaly in 2010 and 72andSunny in 2011.
On July 21, 2015, Miles Nadal announced his resignation as CEO in response to an investigation by the U.S. Securities and Exchange Commission regarding executive pay and accounting practices. Nadal agreed to pay back $1.9 million in expenses and $10.6 million in salary and bonuses. He did not receive any severance or compensation for resigning. Chief accounting officer Michael Sabatino also announced his resignation and would reportedly repay $208,000 in bonuses. MDC's presiding director of the board, Scott Kauffman, succeeded Miles Nadal as chairman and CEO.
In December 2015, the company ranked 8th in Advertising Age’s global ranking of Agency Networks, by cumulative award wins. In June 2016, MDC announced the first acquisition under Kauffman of Swedish creative agency Forsman & Bodenfors, forming a strategic partnership with sister agency CP+B.
In April 2018, MDC acquired a 51% majority stake in digital creative agency Instrument for an undisclosed amount.
In March 2019, Mark Penn was named CEO of MDC Partners, and The Stagwell Group invested $100 million in the company.
Operations
Company overview
MDC Partners is a global advertising holding company that invests in agency partners in the areas of advertising, marketing, media management, technology, analytics and consumer insights, direct marketing, and strategic consulting. The company is headquartered in New York City and also operates a corporate office in Toronto, where it was founded. It earned approximately US$1.33 billion in revenue 2015.
MDC typically invests in creative and digital firms. Historically, it invested in agencies during times when similar companies have scaled back on acquisitions. While the company has mainly invested in North American small to mid-sized agencies, it extended onto new global markets in the 2010s. As of 2015, 9% of the company's revenue came from outside North America.
MDC does not generally acquire agencies outright, but instead partners with agency management by acquiring a 51 to 80 percent initial stake. Instead of integrating the firms, acquired agencies continue to manage their own day-to-day operations. MDC provides support to the agencies in which it has invested including business strategy and financial resources. It operates a Strategic Resources Group, which supports the development of partner agencies. In 2004, Adweek called the company an "anti-holding company".
Partner Companies
Major holdings include over 50 advertising and marketing firms:
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
STGW Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$8.85
Market Cap
—
P/E (TTM)
-1.4
EPS (TTM)
—
Revenue (TTM)
$2.91B
Div Yield
—
ROE
5.3%
Debt/Equity
1.7
52W Range
$4 – $10
STGW 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
$2.91B
2016-12-31
→
2025-12-31
EPS
—
2016-12-31
→
2018-12-31
Free Cash Flow
$247M
2016-12-31
→
2025-12-31
Margins
1.0%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
STGW
Peer Median
P/E (TTM)
-1.4
111.7
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
STGW
Peer Median
Operating Margin
5.5%
—
Net Profit Margin
1.0%
-3.2%
ROA
0.72%
-2.0%
ROE
5.3%
-3.0%
ROIC
3.4%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
STGW
Peer Median
Debt / Equity
1.7
—
Current Ratio
0.8
1.7
Quick Ratio
0.6
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
STGW
Peer Median
Revenue YoY
2.4%
—
Revenue CAGR 3Y
2.7%
—
Revenue CAGR 5Y
26.8%
—
Net Income YoY
1188.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
STGW
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 8, 2016 | $0.2100 |
| May 20, 2016 | $0.2100 |
| March 2, 2016 | $0.2100 |
| Nov. 6, 2015 | $0.2100 |
| Aug. 14, 2015 | $0.2100 |
| May 6, 2015 | $0.2100 |
| March 3, 2015 | $0.2100 |
| Nov. 6, 2014 | $0.1900 |
| July 31, 2014 | $0.1900 |
| May 1, 2014 | $0.1800 |
| Feb. 28, 2014 | $0.1800 |
| Nov. 5, 2013 | $0.1600 |
| Aug. 2, 2013 | $0.1133 |
| May 8, 2013 | $0.1867 |
| Dec. 18, 2012 | $0.1867 |
| May 4, 2012 | $0.1867 |
| Feb. 13, 2012 | $0.0933 |
| Oct. 26, 2011 | $0.0933 |
| Aug. 15, 2011 | $0.0933 |
| May 12, 2011 | $0.0933 |
STGW Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 2 14.3%
- Buy 9 64.3%
- Hold 3 21.4%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-13
Median
$10.00
Now
$8.85
Low
$7.00
High
$11.00
Median target
$10.00
+13.0%
Mean target
$9.86
+11.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.25 | $0.19 | 0.06% |
| March 31, 2026 | $0.17 | $0.17 | -0.00% |
| Dec. 31, 2025 | $0.30 | $0.27 | 0.03% |
| Sept. 30, 2025 | $0.24 | $0.22 | 0.02% |
| June 30, 2025 | $0.17 | $0.17 | 0.00% |
| March 31, 2025 | $0.12 | $0.16 | -0.04% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| STGW | — | -1.4 | 2.4% | 1.0% | 5.3% | — |
| OMC | $25.28B | -299.1 | 10.1% | -0.32% | -0.67% | — |
| TTD | $18.07B | 42.2 | 18.5% | 15.3% | 17.1% | — |
| NIQ | $4.86B | -12.5 | 5.7% | -8.4% | -67.4% | — |
| MGNI | $2.32B | 17.1 | 6.9% | 20.3% | 17.1% | — |
| DV | $1.85B | 38.1 | 13.9% | 6.8% | 4.6% | — |
| CCO | — | 55.2 | 6.6% | — | — | — |
| MNTN | $0 | -91.8 | 28.6% | -2.2% | -2.4% | 77.2% |
| IBTA | $740M | 189.4 | -6.8% | 1.0% | 1.1% | 79.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.91B | $2.84B | $2.53B | $2.69B | $1.47B | $888M | $1.42B | $1.48B | $1.51B | $1.39B | |
| Cost of Revenue | $1.85B | $1.84B | $1.62B | $1.67B | $907M | $572M | $961M | $991M | $1.02B | $936M | |
| SG&A Expense | $732M | $712M | $661M | $602M | $424M | $192M | $328M | $349M | $310M | $306M | |
| Operating Expenses | $2.75B | $2.71B | $2.44B | $2.53B | $1.42B | $804M | $1.34B | $1.47B | $1.38B | $1.34B | |
| Operating Income | $159M | $133M | $91M | $159M | $45M | $84M | $79M | $1M | $132M | $48M | |
| Other Non-op | $171.0K | $-1M | $-359.0K | $-5M | $7M | $544.0K | $-2M | $230.0K | $1M | $414.0K | |
| Pretax Income | $69M | $38M | $91M | $76M | $60M | $77M | $21M | $-89M | $86M | $-50M | |
| Income Tax | $38M | $13M | $41M | $25M | $23M | $6M | $10M | $30M | $-168M | $-9M | |
| Net Income | $29M | $2M | $134.0K | $20M | $21M | $56M | $-5M | $-130M | $242M | $-46M | |
| EPS (Basic) | · | · | · | · | · | · | · | $-2.31 | $3.72 | $-0.89 | |
| EPS (Diluted) | · | · | · | · | · | · | · | $-2.31 | $3.71 | $-0.89 | |
| Shares (Basic) | 220,608,000 | 110,890,000 | 117,259,000 | 124,262,000 | 90,426,000 | 72,862,178 | 69,132,100 | 57,218,994 | 55,255,797 | 51,345,807 | |
| Shares (Diluted) | 264,523,000 | 115,752,000 | 122,170,000 | 296,596,000 | 90,426,000 | 72,862,178 | 69,132,100 | 57,218,994 | 55,481,786 | 51,345,807 | |
| EBITDA | $330M | $285M | $233M | $291M | $122M | · | · | · | $132M | $48M |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $105M | $131M | $120M | $221M | $184M | $92M | $107M | $31M | $46M | $28M | |
| Receivables | $736M | $716M | $697M | $646M | $697M | $226M | $449M | $394M | $434M | $388M | |
| Other Current Assets | $157M | $114M | $94M | $74M | $62M | $36M | $36M | $42M | $27M | $35M | |
| Current Assets | $1.16B | $1.14B | $1.03B | $1.03B | $1.01B | $366M | $622M | $590M | $543M | $490M | |
| PP&E (Net) | $73M | $73M | $78M | $99M | $98M | $36M | $81M | $88M | $90M | $78M | |
| PP&E (Gross) | $188M | $177M | $159M | $158M | $133M | $64M | $211M | $217M | $214M | $184M | |
| Accum. Depreciation | $115M | $104M | $81M | $59M | $36M | $28M | $130M | $129M | $124M | $105M | |
| Goodwill | $1.60B | $1.55B | $1.50B | $1.57B | $1.65B | $352M | $325M | $733M | $836M | $845M | |
| Intangibles | $834M | $837M | $818M | $908M | $959M | $186M | $55M | $68M | $71M | $85M | |
| Other Non-current Assets | $55M | $43M | $93M | $116M | $29M | $17M | $30M | $26M | $38M | $33M | |
| Total Assets | $4.21B | $3.91B | $3.77B | $4.00B | $4.06B | $1.01B | $1.83B | $1.60B | $1.70B | $1.58B | |
| Accounts Payable | $548M | $449M | $415M | $357M | $272M | $148M | $200M | $222M | $245M | $251M | |
| Current Liabilities | $1.48B | $1.37B | $1.37B | $1.37B | $1.29B | $337M | $820M | $743M | $776M | $803M | |
| Capital Leases | $224M | $245M | $281M | $294M | $343M | $53M | $219M | $0 | $393.0K | $203.0K | |
| Deferred Tax | $55M | $47M | $41M | $41M | $103M | $16M | $4M | $5M | $7M | $110M | |
| Other Non-current Liabilities | $51M | $34M | $55M | $68M | $57M | $6M | $26M | $54M | $54M | $56M | |
| Total Liabilities | $3.41B | $3.12B | $2.93B | $3.03B | $3.13B | $615M | $1.98B | $1.81B | $1.79B | $2.03B | |
| Long-term Debt | $1.33B | $1.35B | $1.15B | $1.18B | $1.19B | $199M | · | $954M | $883M | $936M | |
| Total Debt | $1.33B | $1.35B | $1.15B | $1.18B | $1.19B | · | · | · | $883M | $936M | |
| Common Stock | $744M | $344M | $348M | $492M | $383M | $0 | $101M | $59M | · | · | |
| Retained Earnings | $33M | $12M | $21M | $22M | $-7M | $0 | $-481M | $-476M | $-340M | $-582M | |
| AOCI | $-19M | $-24M | $-13M | $-15M | $-5M | $0 | $-4M | $5M | $-2M | $-2M | |
| Stockholders' Equity | $758M | $332M | $357M | $499M | $371M | $359M | $-231M | $-311M | $-214M | $-575M | |
| Liabilities + Equity | $4.21B | $3.91B | $3.77B | $4.00B | $4.06B | $1.01B | $1.83B | $1.60B | $1.70B | $1.58B | |
| Shares Outstanding | · | · | · | · | · | 73,532,848 | 72,154,603 | 57,521,323 | 56,375,131 | 52,802,058 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $171M | $152M | $143M | $131M | $78M | $41M | $38M | $46M | $43M | $46M | |
| Stock-based Comp | $54M | $52M | $57M | $33M | $75M | $0 | $31M | $18M | $24M | $21M | |
| Deferred Tax | $10M | $-11M | $19M | $-18M | $-4M | $-5M | $5M | $22M | $-173M | $-10M | |
| Amort. of Intangibles | $145M | $122M | $112M | $103M | $61M | · | $13M | $19M | $20M | $24M | |
| Other Non-cash | $26M | $-53M | $-139M | $174M | $31M | · | · | · | · | · | |
| Operating Cash Flow | $291M | $143M | $81M | $348M | $201M | $138M | $87M | $17M | $72M | $-46M | |
| CapEx | $44M | $19M | $14M | $23M | $9M | $5M | $19M | $20M | $33M | $29M | |
| Investing Cash Flow | $-114M | $-162M | $156M | $-116M | $164M | $-29M | $115.0K | $-50M | $-21M | $-25M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | $-404.0K | $-507.0K | |
| Stock Repurchased | $134M | $108M | $224M | $70M | $841.0K | $0 | $601.0K | $776.0K | $2M | $3M | |
| Net Stock Activity | $-134M | $-108M | $-224M | $-19M | $-841.0K | · | · | · | $-2M | $-3M | |
| Dividends Paid | · | · | · | · | · | · | $56.0K | $196.0K | $284.0K | $33M | |
| Financing Cash Flow | $-210M | $37M | $-340M | $-187M | $-273M | $-80M | $-12M | $21M | $-33M | $36M | |
| Net Change in Cash | $-27M | $12M | $-101M | $37M | $92M | $29M | $76M | $-20M | $18M | $-33M | |
| Free Cash Flow | $247M | $124M | $67M | $325M | $178M | · | · | · | $82M | $-24M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 5.5% | 4.7% | 3.6% | 5.9% | 3.0% | · | · | · | · | · | |
| Net Margin | 1.0% | 0.08% | 0.01% | 1.0% | 1.4% | · | · | · | · | · | |
| Pretax Margin | 2.4% | 1.3% | 3.6% | 2.7% | 4.0% | · | · | · | · | · | |
| EBITDA Margin | 11.3% | 10.0% | 9.2% | 10.8% | 8.3% | · | · | · | · | · | |
| ROA | 0.72% | 0.06% | 0.00% | 0.68% | 0.83% | · | · | · | 14.8% | -3.0% | |
| ROE | 5.3% | 0.66% | 0.03% | 6.4% | 5.8% | · | · | · | -61.3% | 8.4% | |
| ROIC | 3.4% | 5.1% | 3.3% | 8.6% | 1.7% | · | · | · | 57.7% | 11.2% |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.8 | 0.7 | 0.8 | 0.8 | · | · | · | 0.7 | 0.6 | |
| Quick Ratio | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | · | · | · | 0.6 | 0.5 | |
| Debt / Equity | 1.7 | 4.1 | 3.2 | 2.5 | 3.2 | · | · | · | -4.1 | -1.6 | |
| LT Debt / Equity | 1.7 | 4.1 | 3.2 | 2.5 | 3.2 | · | · | · | -4.1 | -1.6 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | · | · | · | · | · | |
| Receivables Turnover | 4.0 | 4.0 | 3.8 | 4.0 | 3.2 | · | · | · | · | · |
Growth Rates 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 2.4% | 12.4% | -6.0% | 82.9% | 65.5% | · | · | · | · | · | |
| Revenue CAGR 3Y | 2.7% | 24.6% | 41.7% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 26.8% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 1188.2% | 1585.8% | -99.3% | -5.3% | -62.7% | · | · | · | · | · | |
| Net Income CAGR 3Y | 13.5% | -52.5% | -86.7% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -12.4% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.91B | $2.84B | $2.53B | $2.69B | $1.47B | $888M | $1.42B | $1.48B | $1.51B | $1.39B | |
| Net Income TTM | $29M | $2M | $134.0K | $20M | $21M | $56M | $-5M | $-130M | $242M | $-46M | |
| P/E | -1.4 | -1.9 | -2.0 | -1.8 | -2.6 | -0.7 | -11.1 | -1.1 | 2.6 | -7.4 | |
| Earnings Yield | -69.3% | -51.5% | -51.1% | -54.6% | -39.1% | -135.1% | -9.0% | -88.5% | 38.0% | -13.6% | |
| Payout Ratio | · | · | · | · | · | · | · | · | 0.12% | -68.7% | |
| Annual Payout | · | · | · | · | · | · | $56.0K | $196.0K | $284.0K | $33M |
Income Statement 12
| 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 | $786M | $704M | $807M | $743M | $707M | $652M | $789M | $711M | $671M | $670M | $655M | $618M | $632M | $622M | $708M | $664M | |
| Cost of Revenue | $517M | $460M | $504M | $471M | $459M | $412M | $503M | $457M | $439M | $445M | $420M | $385M | $402M | $414M | $420M | $417M | |
| SG&A Expense | $214M | $191M | $203M | $166M | $183M | $179M | $204M | $176M | $168M | $163M | $180M | $160M | $163M | $159M | $172M | $119M | |
| Operating Expenses | $775M | $695M | $751M | $682M | $684M | $633M | $745M | $670M | $649M | $644M | $636M | $584M | $611M | $606M | $722M | $594M | |
| Operating Income | $12M | $10M | $57M | $61M | $23M | $18M | $44M | $42M | $22M | $26M | $19M | $34M | $21M | $16M | $-14M | $70M | |
| Other Non-op | $937.0K | $-69.0K | $2M | $-2M | $-360.0K | $249.0K | $-547.0K | $249.0K | $193.0K | $-1M | $108.0K | $-271.0K | $-416.0K | $220.0K | $-5M | $147.0K | |
| Pretax Income | $-9M | $-17M | $41M | $33M | $-2M | $-4M | $20M | $20M | $-3M | $1M | $90M | $7M | $-4M | $-2M | $-37M | $47M | |
| Income Tax | $-348.0K | $-3M | $24M | $10M | $3M | $2M | $4M | $6M | $1M | $3M | $36M | $4M | $437.0K | $236.0K | $5M | $12M | |
| Net Income | $-8M | $-13M | $13M | $25M | $-5M | $-3M | $3M | $3M | $-3M | $-1M | $1M | $653.0K | $-3M | $1M | $-14M | $11M | |
| Shares (Basic) | 245,908,000 | 250,766,000 | -408,206,000 | 255,952,000 | 260,774,000 | 112,088,000 | -223,425,000 | 108,198,000 | 113,484,000 | 112,633,000 | -234,127,000 | 110,787,000 | 115,400,000 | 125,199,000 | -249,832,000 | 125,384,000 | |
| Shares (Diluted) | 245,908,000 | 250,766,000 | -519,571,000 | 259,583,000 | 260,774,000 | 263,737,000 | -226,327,000 | 112,190,000 | 113,484,000 | 116,405,000 | -548,042,000 | 265,006,000 | 115,400,000 | 289,806,000 | -427,800,000 | 130,498,000 | |
| EBITDA | $56M | $54M | · | $105M | $65M | $60M | · | $78M | $64M | $61M | · | $73M | $57M | $50M | · | $102M |
Balance Sheet 24
| 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 | $109M | $115M | $105M | $132M | $181M | $138M | $131M | $146M | $136M | $130M | · | $99M | $105M | $139M | · | $165M | |
| Receivables | $713M | $728M | $736M | $778M | $769M | $773M | $716M | $716M | $732M | $744M | · | $670M | $646M | $659M | · | $725M | |
| Other Current Assets | $211M | $202M | $157M | $170M | $162M | $147M | $114M | $108M | $106M | $119M | · | $104M | $97M | $78M | · | $71M | |
| Current Assets | $1.19B | $1.22B | $1.16B | $1.23B | $1.26B | $1.22B | $1.14B | $1.11B | $1.10B | $1.11B | · | $1.00B | $956M | $973M | · | $1.02B | |
| PP&E (Net) | $72M | $71M | $73M | $65M | $65M | $69M | $73M | $78M | $79M | $77M | · | $81M | $87M | $95M | · | $123M | |
| PP&E (Gross) | · | · | $188M | · | · | · | $177M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $115M | · | · | · | $104M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $1.59B | $1.60B | $1.60B | $1.60B | $1.60B | $1.56B | $1.55B | $1.52B | $1.50B | $1.50B | $1.50B | $1.57B | $1.58B | $1.57B | $1.57B | $1.62B | |
| Intangibles | $815M | $823M | $834M | $851M | $867M | $823M | $837M | $770M | $778M | $801M | · | $844M | $869M | $888M | · | $879M | |
| Other Non-current Assets | $52M | $55M | $55M | $50M | $50M | $97M | $43M | $97M | $96M | $95M | · | $125M | $120M | $114M | · | $48M | |
| Total Assets | $4.20B | $4.24B | $4.21B | $4.26B | $4.32B | $3.98B | $3.91B | $3.80B | $3.79B | $3.82B | · | $3.87B | $3.85B | $3.90B | · | $3.97B | |
| Accounts Payable | $515M | $526M | $548M | $408M | $484M | $421M | $449M | $339M | $389M | $437M | · | $307M | $339M | $309M | · | $294M | |
| Current Liabilities | $1.48B | $1.47B | $1.48B | $1.38B | $1.46B | $1.34B | $1.37B | $1.16B | $1.22B | $1.33B | · | $1.20B | $1.19B | $1.25B | · | $1.18B | |
| Capital Leases | $202M | $214M | $224M | $228M | $231M | $224M | $245M | $250M | $263M | $271M | · | $271M | $264M | $279M | · | $308M | |
| Deferred Tax | · | · | $55M | · | · | $47M | $47M | $42M | $42M | $39M | $41M | $48M | $47M | $43M | $41M | $103M | |
| Other Non-current Liabilities | $38M | $41M | $51M | $52M | $53M | $58M | $34M | $60M | $56M | $57M | · | $55M | $61M | $70M | · | $70M | |
| Total Liabilities | $3.49B | $3.50B | $3.41B | $3.48B | $3.54B | $3.19B | $3.12B | $3.03B | $3.05B | $3.01B | · | $3.11B | $3.06B | $2.95B | · | $3.08B | |
| Long-term Debt | $1.45B | $1.44B | $1.33B | $1.53B | $1.46B | $1.47B | $1.35B | $1.46B | $1.42B | $1.27B | · | $1.50B | $1.49B | $1.24B | · | $1.33B | |
| Total Debt | $1.45B | $1.44B | · | $1.53B | $1.46B | $1.47B | · | $1.46B | $1.42B | $1.27B | · | $1.50B | $1.49B | $1.24B | · | $1.33B | |
| Common Stock | $685M | $711M | $744M | $742M | $766M | $343M | $344M | $288M | $293M | $334M | · | $325M | $310M | $470M | · | $349M | |
| Retained Earnings | $13M | $20M | $33M | $30M | $5M | $11M | $12M | $11M | $17M | $20M | · | $25M | $27M | $30M | · | $7M | |
| AOCI | $-29M | $-27M | $-19M | $-22M | $-21M | $-19M | $-24M | $-13M | $-18M | $-16M | · | $-19M | $-13M | $-13M | · | $-65M | |
| Stockholders' Equity | $669M | $705M | $758M | $749M | $750M | $334M | $332M | $286M | $292M | $338M | · | $331M | $324M | $487M | · | $290M | |
| Liabilities + Equity | $4.20B | $4.24B | $4.21B | $4.26B | $4.32B | $3.98B | $3.91B | $3.80B | $3.79B | $3.82B | · | $3.87B | $3.85B | $3.90B | · | $3.97B |
Cash Flow 12
| 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 | $44M | $44M | $44M | $44M | $41M | $42M | $39M | $36M | $42M | $35M | $35M | $39M | $35M | $33M | $36M | $32M | |
| Stock-based Comp | $19M | $14M | $10M | $13M | $20M | $12M | $13M | $17M | $6M | $16M | $23M | $12M | $11M | $12M | $-258.0K | $12M | |
| Deferred Tax | $297.0K | $-635.0K | $7M | $5M | $-677.0K | $-747.0K | $-7M | $-7M | $4M | $-655.0K | $25M | $-10M | $-4M | $-714.0K | $-17M | $-232.0K | |
| Other Non-cash | · | $-71M | · | · | · | $-110M | · | · | · | $-102M | · | · | · | $-135M | · | · | |
| Operating Cash Flow | $90M | $-26M | $260M | $-24M | $115M | $-60M | $212M | $-2M | $-14M | $-53M | $209M | $17M | $-59M | $-85M | $275M | $180M | |
| CapEx | $11M | $11M | $17M | $15M | $8M | $6M | $2M | $3M | $9M | $5M | $2M | $4M | $5M | $3M | $7M | $2M | |
| Investing Cash Flow | $-57M | $-33M | $-33M | $-46M | $-15M | $-20M | $-96M | $-14M | $-26M | $-26M | $201M | $-15M | $-19M | $-11M | $-52M | $-9M | |
| Stock Repurchased | $47M | $41M | $29M | $38M | $56M | $11M | $7M | $14M | $57M | $30M | $20M | $5M | $191M | $26M | $27M | $29M | |
| Net Stock Activity | · | $-41M | · | · | · | $-11M | · | · | · | $-30M | · | · | · | $-8M | · | · | |
| Financing Cash Flow | $-39M | $69M | $-254M | $23M | $-62M | $83M | $-122M | $21M | $47M | $91M | $-392M | $-7M | $46M | $13M | $-174M | $-78M | |
| Net Change in Cash | $-5M | $10M | $-28M | $-49M | $44M | $6M | $-14M | $10M | $6M | $10M | $21M | $-7M | $-33M | $-82M | $55M | $72M | |
| Free Cash Flow | · | $-37M | · | · | · | $-64M | · | · | · | $-59M | · | · | · | $-89M | · | · |
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 | 1.5% | 1.4% | · | 8.2% | 3.3% | 2.8% | · | 5.9% | 3.3% | 3.9% | · | 5.5% | 3.4% | 2.6% | · | 10.5% | |
| Net Margin | -1.0% | -1.8% | · | 3.3% | -0.74% | -0.45% | · | 0.46% | -0.44% | -0.19% | · | 0.11% | -0.74% | 0.07% | · | 1.6% | |
| Pretax Margin | -1.2% | -2.4% | · | 4.5% | -0.28% | -0.55% | · | 2.8% | -0.42% | 0.20% | · | 1.2% | -0.68% | -0.39% | · | 7.0% | |
| EBITDA Margin | 7.1% | 7.7% | · | 14.2% | 9.1% | 9.2% | · | 10.9% | 9.5% | 9.1% | · | 11.8% | 9.0% | 8.0% | · | 15.4% | |
| ROA | -0.19% | -0.32% | · | 0.61% | -0.13% | -0.07% | · | 0.09% | -0.08% | -0.03% | · | 0.02% | -0.12% | 0.01% | · | 0.27% | |
| ROE | -1.1% | -2.5% | · | 4.8% | -1.0% | -0.87% | · | 1.1% | -0.96% | -0.31% | · | 0.21% | -1.4% | 0.10% | · | 3.1% | |
| ROIC | 0.52% | 0.37% | · | 1.9% | 2.5% | 1.5% | · | 1.7% | 1.8% | -1.4% | · | 0.77% | 2.7% | 1.9% | · | 3.2% |
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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.8 | · | 0.9 | 0.9 | 0.9 | · | 1.0 | 0.9 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.9 | |
| Quick Ratio | 0.6 | 0.6 | · | 0.7 | 0.6 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.6 | 0.6 | 0.6 | · | 0.8 | |
| Debt / Equity | 2.2 | 2.0 | · | 2.0 | 2.0 | 4.4 | · | 5.1 | 4.9 | 3.8 | · | 4.5 | 4.6 | 2.5 | · | 4.6 | |
| LT Debt / Equity | 2.2 | 2.0 | · | 2.0 | 2.0 | 4.4 | · | 5.1 | 4.9 | 3.8 | · | 4.5 | 4.6 | 2.5 | · | 4.6 |
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 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Receivables Turnover | 1.1 | 0.9 | · | 1.0 | 0.9 | 0.9 | · | 1.0 | 1.0 | 1.0 | · | 0.9 | 0.9 | 0.9 | · | 1.0 |
Valuation (TTM) 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.94B | $2.81B | · | $2.81B | $2.74B | $2.70B | · | $2.71B | $2.61B | $2.57B | · | $2.54B | $2.59B | $2.60B | · | $2.45B | |
| Net Income TTM | $-2M | $3M | · | $20M | $-8M | $-4M | · | $310.0K | $-2M | $-3M | · | $9M | $19M | $35M | · | $32M | |
| P/E | -2.2 | -1.9 | · | -1.7 | -1.3 | -1.8 | · | -2.1 | -2.0 | -1.8 | · | -1.4 | -2.1 | -2.2 | · | -2.1 | |
| Earnings Yield | -45.6% | -53.9% | · | -60.2% | -75.3% | -56.0% | · | -48.3% | -49.7% | -54.5% | · | -72.3% | -47.0% | -45.7% | · | -48.8% |
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 | $2.91B | $2.84B | $2.53B | $2.69B | $1.47B |
| Operating Margin % | 5.5% | 4.7% | 3.6% | 5.9% | 3.0% |
| Net Income | $29M | $2M | $134.0K | $20M | $21M |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.7 | 4.1 | 3.2 | 2.5 | 3.2 |
| Current Ratio | 0.8 | 0.8 | 0.7 | 0.8 | 0.8 |
| Quick Ratio | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $247M | $124M | $67M | $325M | $178M |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
📊
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 196 filers · $718.7M 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 |
|---|---|---|---|---|
| 28 (-18 vs prior Q) | 20 (-6 vs prior Q) | 63 (+14 vs prior Q) | 52 (-5 vs prior Q) | +14.7M |
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.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $158,358,391 | 21,313,377 | 22.03% | Shares |
| Madison Avenue Partners, LP | $59,546,412 | 8,014,322 | 8.29% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $42,372,354 | 5,702,874 | 5.90% | Shares |
| ADW Capital Management, LLC | $37,982,160 | 5,112,000 | 5.28% | Call option |
| ADW Capital Management, LLC | $37,157,430 | 5,001,000 | 5.17% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $33,582,218 | 4,519,814 | 4.67% | Shares |
| VANGUARD GROUP INC | $23,418,543 | 4,789,068 | 3.26% | Shares |
| Boston Partners | $23,021,199 | 3,084,490 | 3.20% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $19,246,887 | 2,589,853 | 2.68% | Shares |
| HighTower Advisors, LLC | $19,198,065 | 2,583,858 | 2.67% | Shares |
| STATE STREET CORP | $18,384,272 | 2,474,330 | 2.56% | Shares |
| Penn Capital Management Company, LLC | $17,582,513 | 2,362,291 | 2.45% | Shares |
| CIDEL ASSET MANAGEMENT INC | $13,956,710 | 1,878,426 | 1.94% | Shares |
| DIVERSIFY WEALTH MANAGEMENT, LLC | $13,330,992 | 1,724,579 | 1.85% | Shares |
| Diversify Advisory Services, LLC | $13,330,992 | 1,724,579 | 1.85% | Shares |
| ABLE Financial Group, LLC | $11,565,590 | 1,556,607 | 1.61% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $10,840,652 | 1,459,038 | 1.51% | Shares |
| FIRST TRUST ADVISORS LP | $10,696,807 | 1,439,678 | 1.49% | Shares |
| UBS Group AG | $10,383,685 | 1,397,535 | 1.44% | Shares |
| JANE STREET GROUP, LLC | $9,940,790 | 1,337,926 | 1.38% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $9,190,895 | 1,236,998 | 1.28% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $9,140,408 | 1,230,203 | 1.27% | Shares |
| First Pacific Advisors, LP | $8,855,951 | 1,191,918 | 1.23% | Shares |
| Western Standard LLC | $8,672,861 | 1,167,276 | 1.21% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $8,622,188 | 1,160,456 | 1.20% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $7,339,978 | 987,884 | 1.02% | Shares |
| Stanley Capital Management, LLC | $7,061,041 | 950,342 | 0.98% | Shares |
| Empowered Funds, LLC | $6,773,173 | 911,598 | 0.94% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $5,168,932 | 695,684 | 0.72% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $3,357,812 | 451,112 | 0.47% | Shares |
| GROUP ONE TRADING LLC | $2,593,330 | 349,035 | 0.36% | Shares |
| Bank of New York Mellon Corp | $2,474,420 | 333,031 | 0.34% | Shares |
| CORRADO ADVISORS, LLC | $2,345,748 | 315,713 | 0.33% | Shares |
| IMC-Chicago, LLC | $2,165,191 | 291,412 | 0.30% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,882,762 | 253,400 | 0.26% | Call option |
| Pacific Ridge Capital Partners, LLC | $1,785,830 | 240,354 | 0.25% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,784,716 | 240,204 | 0.25% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $1,756,066 | 236,348 | 0.24% | Shares |
| Swiss National Bank | $1,705,928 | 229,600 | 0.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,579,960 | 212,646 | 0.22% | Shares |
| OSAIC HOLDINGS, INC. | $1,519,442 | 204,501 | 0.21% | Shares |
| CastleKnight Management LP | $1,481,542 | 199,400 | 0.21% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $1,411,187 | 189,931 | 0.20% | Shares |
| JPMORGAN CHASE & CO | $1,401,932 | 201,427 | 0.20% | Shares |
| CITADEL ADVISORS LLC | $1,387,181 | 186,700 | 0.19% | Put option |
| Quantinno Capital Management LP | $1,207,828 | 162,561 | 0.17% | Shares |
| Cerity Partners LLC | $1,201,535 | 161,714 | 0.17% | Shares |
| AMERIPRISE FINANCIAL INC | $1,141,716 | 153,663 | 0.16% | Shares |
| BANK OF MONTREAL /CAN/ | $1,121,677 | 150,966 | 0.16% | Shares |
| WOLVERINE TRADING, LLC | $1,101,658 | 201,400 | 0.15% | Call option |
| STATE OF WISCONSIN INVESTMENT BOARD | $1,047,459 | 140,977 | 0.15% | Shares |
| RHUMBLINE ADVISERS | $1,004,015 | 135,131 | 0.14% | Shares |
| D. E. Shaw & Co., Inc. | $980,463 | 131,960 | 0.14% | Shares |
| Campbell & CO Investment Adviser LLC | $976,064 | 131,368 | 0.14% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $839,612 | 113,003 | 0.12% | Shares |
| KESTRA PRIVATE WEALTH SERVICES, LLC | $833,468 | 112,176 | 0.12% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $756,597 | 101,830 | 0.11% | Shares |
| ExodusPoint Capital Management, LP | $750,809 | 101,051 | 0.10% | Shares |
| K2 PRINCIPAL FUND, L.P. | $743,000 | 100,000 | 0.10% | Call option |
| ALLIANCEBERNSTEIN L.P. | $674,791 | 107,280 | 0.09% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $671,533 | 106,762 | 0.09% | Shares |
| AdvisorShares Investments LLC | $651,611 | 87,700 | 0.09% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $621,757 | 83,682 | 0.09% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $621,252 | 83,614 | 0.09% | Shares |
| BlackRock, Inc. | $560,698 | 75,464 | 0.08% | Shares |
| SIMPLEX TRADING, LLC | $520,478 | 70,051 | 0.07% | Shares |
| K2 PRINCIPAL FUND, L.P. | $457,829 | 61,619 | 0.06% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $447,137 | 60,180 | 0.06% | Shares |
| MetLife Investment Management, LLC | $431,564 | 58,084 | 0.06% | Shares |
| Optimize Financial Inc | $421,663 | 67,037 | 0.06% | Shares |
| CALDWELL SUTTER CAPITAL, INC. | $387,846 | 52,200 | 0.05% | Shares |
| TWO SIGMA INVESTMENTS, LP | $378,729 | 50,973 | 0.05% | Shares |
| Vident Advisory, LLC | $369,516 | 49,733 | 0.05% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $362,651 | 48,809 | 0.05% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $356,202 | 47,941 | 0.05% | Shares |
| PRUDENTIAL FINANCIAL INC | $353,334 | 47,555 | 0.05% | Shares |
| CITIGROUP INC | $351,684 | 47,333 | 0.05% | Shares |
| GOLDMAN SACHS GROUP INC | $336,230 | 45,253 | 0.05% | Shares |
| Vanguard Global Advisers, LLC | $328,614 | 44,228 | 0.05% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $325,055 | 43,749 | 0.05% | Shares |
| MORGAN STANLEY | $322,655 | 43,426 | 0.04% | Shares |
| Invesco Ltd. | $309,965 | 41,718 | 0.04% | Shares |
| Net Worth Advisory Group | $308,085 | 41,465 | 0.04% | Shares |
| Sterling Capital Management LLC | $308,011 | 41,455 | 0.04% | Shares |
| MARSHALL WACE, LLP | $297,014 | 39,975 | 0.04% | Shares |
| PEAK6 LLC | $275,846 | 37,126 | 0.04% | Shares |
| My Personal CFO, LLC | $275,170 | 37,035 | 0.04% | Shares |
| NATIXIS | $265,994 | 35,800 | 0.04% | Shares |
| CITADEL ADVISORS LLC | $264,508 | 35,600 | 0.04% | Call option |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $259,713 | 53,111 | 0.04% | Shares |
| HOHIMER WEALTH MANAGEMENT, LLC | $257,397 | 34,643 | 0.04% | Shares |
| Mariner, LLC | $251,834 | 33,894 | 0.04% | Shares |
| Police & Firemen's Retirement System of New Jersey | $246,743 | 33,209 | 0.03% | Shares |
| XTX Topco Ltd | $241,148 | 32,456 | 0.03% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $233,830 | 31,471 | 0.03% | Shares |
| Vanguard Investments Australia, Ltd. | $230,553 | 31,030 | 0.03% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $229,513 | 30,890 | 0.03% | Shares |
| JANUS HENDERSON GROUP PLC | $226,626 | 36,001 | 0.03% | Shares |
| ProShare Advisors LLC | $215,128 | 28,954 | 0.03% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $203,114 | 27,337 | 0.03% | Shares |
Company insiders 47 insiders · 19 officers · 24 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Ryan Greene | Chief Financial Officer | April 1, 2026 A | 1,391,279 | 0 | 0 | $0 |
| David B. Doft | Chief Financial Officer | March 13, 2019 J | 247,485 | 0 | 0 | $0 |
| Steven Berns | President & CFO | March 20, 2007 A | 139,870 | 0 | 0 | $0 |
| Jay Leveton | President | April 1, 2026 A | 2,009,454 | 0 | 0 | $0 |
| Andre Clement Coste | EVP, Chief Operating Officer | March 1, 2016 F | 47,641 | 0 | 0 | $0 |
| David Dabill | Chief Operating Officer | Feb. 29, 2012 P | 31,195 | 0 | 0 | $0 |
| Peter Mcelligott | General Counsel | April 1, 2026 A | 122,185 | 0 | 0 | $0 |
| Vincenzo Dimaggio | SVP, Chief Accounting Officer | March 31, 2025 F | 165,945 | 0 | 0 | $0 |
| David Corwin Ross | EVP, Strategy & Corporate Development, General Counsel | Feb. 26, 2021 F | 344,327 | 0 | 0 | $0 |
| Jonathan B. Mirsky | Former General Counsel | Sept. 30, 2020 D | 145,754 | 0 | 0 | $0 |
| Mitchell Gendel | Gen. Counsel & Corp. Secretary | March 22, 2019 P | 298,144 | 0 | 0 | $0 |
| Robert Andrew Kantor | EVP, Global Chief Marketing Officer | Feb. 28, 2018 A | 208,574 | 0 | 0 | $0 |
| Michael Sabatino | SVP & Chief Accounting Officer | Feb. 23, 2015 F | 208,096 | 0 | 0 | $0 |
| Stephen Pustil | Vice Chairman | March 12, 2014 P | 577,691 | 0 | 0 | $0 |
| Gavin Swartzman | Managing Director | Feb. 14, 2013 F | 86,603 | 0 | 0 | $0 |
| Robert E Dickson | Managing Director | June 6, 2011 D | 184,092 | 0 | 0 | $0 |
| Graham Lawrence Rosenberg | Managing Director | Aug. 31, 2009 X | 69,793 | 0 | 0 | $0 |
| Charles K Porter | Chief Strategist | March 13, 2008 F | 146,127 | 0 | 0 | $0 |
| Berns Steven | Vice Chairman & Executive VP | Jan. 4, 2005 P | 4,000 | 0 | 0 | $0 |
| Eli Samaha | Director | July 1, 2026 A | 170,764 | 0 | 0 | $0 |
| Brandt A. Vaughan | Director | July 1, 2026 A | 220,504 | 0 | 0 | $0 |
| Wade Oosterman | Director | June 11, 2026 A | 203,936 | 0 | 0 | $0 |
| Rodney E Slater | Director | June 11, 2026 A | 140,680 | 0 | 0 | $0 |
| Desiree G Rogers | Director | June 11, 2026 A | 214,984 | 0 | 0 | $0 |
| Charlene Barshefsky | Director | June 11, 2026 A | 238,286 | 0 | 0 | $0 |
| Irwin D Simon | Director | June 11, 2026 A | 228,891 | 0 | 0 | $0 |
| Bradley J. Gross | Director | June 13, 2024 S | 12,981,022 | 0 | 0 | $0 |
| Asha Daniere | Director | Aug. 7, 2020 A | 23,256 | 0 | 0 | $0 |
| Daniel Steven Goldberg | Director | July 28, 2019 F | 180,272 | 0 | 0 | $0 |
| Anne Marie O'Donovan | Director | May 17, 2019 P | 17,832 | 0 | 0 | $0 |
| Scott L Kauffman | Director | March 13, 2019 J | 604,357 | 0 | 0 | $0 |
| Clare Copeland | Director | Feb. 17, 2019 F | 92,678 | 0 | 0 | $0 |
| Lawrence S Kramer | Director | Jan. 22, 2018 A | 31,990 | 0 | 0 | $0 |
| Michael Jl Kirby | Director | June 1, 2016 F | 63,153 | 0 | 0 | $0 |
| Thomas N Davidson | Director | May 5, 2014 A | 274,423 | 0 | 0 | $0 |
| KAMERSCHEN ROBERT | Director | May 5, 2014 A | 611,029 | 0 | 0 | $0 |
| Jeff Epstein | Director | April 29, 2008 A | 8,000 | 0 | 0 | $0 |
| Francois R Roy | Director | May 2, 2007 A | 4,000 | 0 | 0 | $0 |
| Richard R Hylland | Director | April 20, 2007 D | 0 | 0 | 0 | $0 |
| Thomas Weigman | Director | March 6, 2006 A | 4,000 | 0 | 0 | $0 |
| Guy French | Director | Sept. 1, 2005 A | 12,886 | 0 | 0 | $0 |
| Miles Nadal | 10% owner | Oct. 29, 2015 S | 3,820,043 | 0 | 0 | $0 |
| GRUBER & MCBAINE CAPITAL MANAGEMENT LLC | 10% owner | March 4, 2004 S | 709,827 | 0 | 0 | $0 |
| JANA PARTNERS LLC | 10% owner | Jan. 14, 2004 S | 1,860,000 | 0 | 0 | $0 |
| Beth J Kaplan | — | Aug. 11, 2026 A | 15,459 | 0 | 0 | $0 |
| Mark Jeffery Penn | — | Aug. 9, 2026 M | 23,034,990 | 1 | 0 | $117,600 |
| Frank P Lanuto | — | July 31, 2026 S | 491,977 | 0 | 1 | $-524,520 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 8 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 |
|---|---|---|---|---|---|
| Stagwell Group LLC, Stagwell Agency Holdings LLC, Penn Mark Jeffery, Stagwell Media LP | Jan. 13, 2026 | 11.60% | Amendment | — | SEC |
| Penn Mark Jeffery, Stagwell Agency Holdings LLC, Stagwell Group LLC, Stagwell Media LP ×4 filings | July 21, 2025 | 11.60% | Amendment | — | SEC |
| Polpat LLC, Steven A. Ballmer | April 25, 2025 | 43.50% | Initial filing | Passive investment | SEC |
| AlpInvest Partners US Secondary Investments 2016 I C.V. (2), AlpInvest PEP Secondary 2017 C.V. (2), AlpInvest Secondaries Fund VI C.V. (2), AlpInvest Secondaries Fund (Euro) VI C.V. (2), GGG US Secondary 2017 C.V. (2), AlpInvest GA Secondary C.V. (2), AG Secondary C.V. (2), APSS Secondary C.V. (2), AJ Secondary C.V. (2), AP Fondo Secondaries II C.V. (2), AlpInvest Partners B.V. (2) ×2 filings | June 13, 2023 | — | Initial filing | — | SEC |
| Stagwell Agency Holdings LLC, The Stagwell Group LLC, Mark J. Penn, Stagwell Media LP ×14 filings | May 19, 2023 | — | Initial filing | — | SEC |
| INDABA CAPITAL MANAGEMENT, L.P., IC GP, LLC, DEREK C. SCHRIER ×2 filings | June 9, 2021 | — | Initial filing | — | SEC |
| FRONTFOUR CAPITAL GROUP LLC, FRONTFOUR MASTER FUND, LTD., FRONTFOUR OPPORTUNITY FUND, FRONTFOUR CAPITAL CORP., STEPHEN E. LOUKAS, DAVID A. LORBER, ZACHARY R. GEORGE, KRISTEN M. O’HARA, DAVID E. MORAN ×3 filings | March 15, 2019 | — | Initial filing | Board campaign | SEC |
| Miles S. Nadal ×4 filings | Nov. 19, 2015 | — | 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 52 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 |
|---|---|---|---|---|
| VERS · ProShares Trust | 2.36% | 24,534 NS | May 31, 2026 | N-PORT |
| SVAL · iShares Trust | 0.55% | 125,574 SH | Aug. 8, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.44% | 742,604 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.17% | 330,231 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.10% | 1,762 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.09% | 69,242 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.06% | 203,867 SH | Aug. 8, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.06% | 123,851 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.06% | 233,160 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.06% | 919,513 SH | Aug. 8, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.05% | 45,486 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.05% | 86,025 SH | Aug. 8, 2026 | Daily |
| VOX · VANGUARD WORLD FUND | 0.05% | 411,964 SH | Aug. 8, 2026 | Daily |
| FCOM · FIDELITY COVINGTON TRUST | 0.04% | 123,592 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.03% | 718,720 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.03% | 45,217 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.03% | 24,037 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.03% | 373,981 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.03% | 2,681,272 SH | Aug. 8, 2026 | Daily |
| PKW · Invesco Exchange-Traded Fund Trust | 0.03% | 54,864 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 47,221 NS | April 30, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.02% | 51,590 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 601,708 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.02% | 5,130 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.02% | 16,819 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 531,946 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 4,852 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.01% | 8,218 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 4,011 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.01% | 235,904 NS | April 30, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 3,273 SH | Aug. 8, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 33,418 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 7,597 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,225,943 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 4,057 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 23,395 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 109,519 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 4,695 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 288,223 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 18,264 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 63,406 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 102 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.00% | 51,064 SH | Aug. 8, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.00% | 100,000 SH | Aug. 8, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.00% | 39,103 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 34,485 SH | Aug. 8, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 142,371 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 61,114 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 29,473 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,193,923 SH | Aug. 8, 2026 | Daily |