TPR Tapestry, Inc. Common Stock
About Tapestry, Inc. Common Stock Company overview from Wikipedia
Coach New York, commonly known as Coach, is an American fashion house headquartered in New York City specializing in handbags, luggage, and accessories, as well as ready-to-wear. Coach licenses its name and branding to Luxottica for eyewear, and Paris-based Interparfums for fragrances. Stuart Vevers has been the executive creative director since June 2013.
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Coach New York, commonly known as Coach, is an American fashion house headquartered in New York City specializing in handbags, luggage, and accessories, as well as ready-to-wear. Coach licenses its name and branding to Luxottica for eyewear, and Paris-based Interparfums for fragrances. Stuart Vevers has been the executive creative director since June 2013.
It is the main subsidiary of Tapestry, Inc., formerly known as Coach, Inc.
History
1941–1985
Coach was founded in 1941, as a family-run workshop in a loft on 34th Street in Manhattan, with six leather-workers who made wallets and billfolds by hand. In 1946, Miles Cahn (1921–2017) and his wife Lillian Cahn (1923–2013) joined the company.
By 1950, Cahn had taken over the company. During the early years, Cahn noticed the distinctive properties and qualities of the leather used to make baseball gloves. With wear and use, the leather in a glove became softer and suppler. Attempting to mimic this process, Cahn developed a process to make the leather stronger, softer, and more flexible. Since the leather absorbed dye very well, this process also created a richer, deeper color.
Soon after Cahn developed this new process, Lillian Cahn suggested to Miles that the company supplement the factory's men's accessories business by adding women's leather handbags. The "sturdy cowhide bags were an immediate hit." Miles and Lillian Cahn bought the company through a leveraged buyout in 1961.
In 1961, Cahn hired Bonnie Cashin, a sportswear pioneer, to design handbags for Coach. Cashin "revolutionized the product's design," working as a creative head for Coach from 1962 through 1974. Cashin instituted the inclusion of side pockets, coin purses, and brighter colors (as opposed to the usual hues of browns and tans) in the products. Cashin designed matching shoes, pens, key fobs, and eyewear, and added hardware to both her clothes and accessories–particularly the silver toggle that became the Coach hallmark–declaring that she had been inspired by a memory of quickly fastening the top on her convertible sports car.
In 1979, Lewis Frankfort joined the company as vice-president of business development. During this time, Coach was making $6 million in sales, and products were being distributed through the domestic wholesale channel, primarily in the northeastern United States. Mr. Rose, then executive VP of sales, mentored Frankfort, before retiring from his position in the company in 1995.
In 1981 the company opened its first directly operated retail location on Madison Avenue in Midtown Manhattan.
1985: Sale to Sara Lee
In 1985, the Cahns sold Coach Leatherware to Sara Lee Corporation for a reported $30 million, having decided to "devote more time to their growing goat farm and cheese production business called Coach Farm in Gallatinville, New York, which they began in 1983". Lew Frankfort succeeded Cahn as president.
Sara Lee structured Coach under its Hanes Group branch of subsidiaries of brands. In early 1986, the company opened new boutiques in Macy's stores in New York City and San Francisco. Additional Coach stores were under construction, and similar boutiques were to be opened in other major department stores later that year. By November 1986, the company was operating 12 stores, along with nearly 50 boutiques within larger department stores.
Sara Lee Corporation divested itself of Coach first, by selling 19.5% of their shares of Coach at the Coach IPO in October 2000, followed in April 2001, with the distribution of their remaining shares to Sara Lee's stockholders through an exchange offer.
1996: Reed Krakoff leads design
In 1996, Lew Frankfort was named chairman and CEO of Coach. The following year, under Frankfort's leadership, Coach hired Reed Krakoff, whose creative and commercials instincts aimed to make Coach products functional, lightweight, and stylish. Krakoff's design transformed Coach from the relatively small company that it was in 1985 into the worldwide-known brand that it is today.
On June 1, 2000, the company changed its name to Coach, Inc.
2013–present
In February 2013, Coach named Victor Luis president and chief commercial officer and announced that he would become a chief executive officer in January 2014, with Lew Frankfort continuing as executive chairman. In 2013, Coach generated $5 billion in sales and operated approximately 1,000 directly operated locations globally, including North America, Japan, China, Singapore, Taiwan, Malaysia, Korea, and Europe.
In 2014, the company announced Stuart Vevers as the new executive creative director, replacing Reed Krakoff. During 2014, Coach also announced that Lew Frankfort would retire as executive chairman at the expiration of his term in November 2014.
In January 2015, Coach agreed to buy shoemaker Stuart Weitzman for up to $574 million in cash. In the same year, Coach also launched Coach 1941, "a new, higher-priced line centered on ready-to-wear." Coach marked its 75th anniversary in 2016 with the announcement of its partnership with Selena Gomez.
In July 2017, Coach purchased Kate Spade for $2.4 billion. Michael Kors Holdings Ltd. had previously expressed interest in buying Kate Spade. On October 10, 2017, Victor Luis (CEO) announced that on October 31, Coach Inc would be renamed and rebranded as Tapestry Inc. The company's ticker symbol on the NYSE changed from COH to TPR effective October 31, 2017. As of 2019, Coach dropped the use of fur from its collection.
In September 2019, Coach named Jide J. Zeitlin, Chairman of the Board, as new CEO of Tapestry, Inc., replacing former Chief Executive Officer Victor Luis. Zeitlin resigned his position in July 2020, following allegations of personal misconduct.
In 2019 it was announced that a float depicting Coach's house mascot Rexy the Dinosaur would be featured in the Macy's Thanksgiving Day Parade.
In November 2019, Jennifer Lopez became the new global face of the company. As of 2019, Coach has 986 stores worldwide.
In 2020, Coach again rebranded. Like many brands during the COVID-19 pandemic, Coach began focusing on its digital platform.
In 2021, Coach celebrated its 80th anniversary.
Also in 2021, Coach launched their "(Re)Loved" initiative as a way to contribute to sustainability and reduced wasted in landfills. They upcraft and repurpose used bags and give them new life in order to appeal to a new owner and ensure one less bag ends up in a landfill.
In 2023, Coach launched Coachtopia in a larger effort to adopt a circular business model. Goods made under the Coachtopia brand utilize materials that are recycled, repurposed, and renewable.
Corporate affairs
Leadership
Lewis Frankfort has been involved with Coach for more than 30 years. He was named chairman and CEO in 1995, and in 2014 became executive chairman. During 2000, he oversaw Coach's transition to a publicly traded company listed on the NYSE and in 2011, became the first American issuer to list on the Stock Exchange of Hong Kong.
Victor Luis was named chief executive officer of Coach, Inc. in January 2014. Before his appointment and beginning in February 2013, he held the role of president and chief commercial officer of Coach, Inc., also serving on Coach's board of directors.
Stuart Vevers joined Coach in the fall of 2013 as executive creative director. Vevers joined Coach from Loewe, where he held the role of creative director since 2008. Before Loewe, he served as creative director of Mulberry from 2005 to 2008. He began his career at Calvin Klein. In 2006, Vevers won the British Fashion Council's Accessory Designer of the Year award.
Jide J. Zeitlin, Chairman of the Board, was appointed Chief Executive Officer (CEO) of Tapestry in September 2019. Prior to his resignation in 2020, Zeitlin was responsible for the execution of the company's strategic agenda and financial performance.
In July 2020, Todd Kahn was appointed CEO and Brand President.
Operations
As of 2013, there were approximately 1,000 Coach stores in North America. Coach has also built a strong presence in the U.S. through Coach boutiques located within select department stores and specialty retailer locations.
As of 2026, Coach has approximately 311 locations in the United States.
Coinciding with its 75th anniversary in 2016, Coach opened Coach House, a 20,000-square-foot Midtown Manhattan retail space.
Today, Coach's corporate headquarters remain in Midtown Manhattan on 34th Street, in the location of their former factory lofts. In August 2016, the company finalized the sale and leaseback of its office condo portion of 10 Hudson Yards – its headquarters. Coach received $707 million before transaction costs.
In 1999, Coach launched its online store at www.coach.com.
On 4 March 2024, the first Coach restaurant opened in Grand Indonesia Shopping Town in Jakarta, Indonesia.
In December of 2024 the first Coach Coffee Shop opened in the Jersey Shore Premium Outlets in Tinton Falls, New Jersey.
The Coach Foundation
The Coach Foundation was established in 2008 to support organizations that "empower" and educate women and children around the world.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
TPR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
TPR 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 |
|---|---|
| June 5, 2026 | $0.4000 |
| March 6, 2026 | $0.4000 |
| Dec. 5, 2025 | $0.4000 |
| Sept. 5, 2025 | $0.4000 |
| June 6, 2025 | $0.3500 |
| March 6, 2025 | $0.3500 |
| Dec. 6, 2024 | $0.3500 |
| Sept. 6, 2024 | $0.3500 |
| June 7, 2024 | $0.3500 |
| March 7, 2024 | $0.3500 |
| Dec. 7, 2023 | $0.3500 |
| Sept. 7, 2023 | $0.3500 |
| June 8, 2023 | $0.3000 |
| March 9, 2023 | $0.3000 |
| Dec. 8, 2022 | $0.3000 |
| Sept. 8, 2022 | $0.3000 |
| June 2, 2022 | $0.2500 |
| March 3, 2022 | $0.2500 |
| Dec. 2, 2021 | $0.2500 |
| Sept. 3, 2021 | $0.2500 |
TPR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 6 21.4%
- Buy 14 50.0%
- Hold 8 28.6%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
20 analysts · 2026-08-14Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Dec. 31, 2026 | $1.32 | $1.30 | 0.02% |
| June 30, 2026 | $1.32 | $1.30 | 0.02% |
| March 31, 2026 | $1.66 | $1.32 | 0.34% |
| Dec. 31, 2025 | $2.69 | $2.25 | 0.44% |
| Sept. 30, 2025 | $1.38 | $1.28 | 0.10% |
| June 30, 2025 | $1.04 | $1.03 | 0.01% |
| March 31, 2025 | $1.03 | $0.89 | 0.14% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TPR | $29.26B | 20.1 | 14.2% | 19.1% | 245.8% | 77.8% |
| RL | $44.39B | 21.7 | 14.6% | 11.6% | 34.7% | 69.9% |
| LEVI | $8.60B | 15.2 | 4.1% | 9.2% | 26.5% | 61.7% |
| VFC | $6.42B | 25.6 | 1.1% | 2.6% | 15.3% | — |
| KTB | $3.40B | 15.2 | 20.9% | 7.2% | 42.8% | — |
| PVH | — | 119.9 | 3.4% | 0.28% | 0.52% | 57.5% |
| COLM | — | 17.0 | 0.85% | 5.2% | 10.5% | 50.5% |
| FIGS | — | 59.8 | 13.6% | 5.4% | 8.2% | 66.5% |
| UAA | — | -5.1 | -3.8% | -10.0% | -30.3% | 45.5% |
| GIII | — | 19.0 | -7.0% | 2.3% | 3.9% | 39.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.00B | $7.01B | $6.67B | $6.66B | $6.68B | $5.75B | $4.96B | · | $5.88B | $4.49B | $4.49B | |
| Cost of Revenue | $1.78B | $1.72B | $1.78B | $1.95B | $2.03B | $1.66B | $1.72B | · | $2.03B | $1.41B | $1.44B | |
| Gross Profit | $6.23B | $5.29B | $4.89B | $4.71B | $4.65B | $4.08B | $3.24B | · | $3.85B | $3.08B | $3.05B | |
| SG&A Expense | $4.31B | $4.02B | $3.75B | $3.54B | $3.47B | $3.11B | · | · | $3.18B | $2.29B | $2.40B | |
| Operating Income | $1.91B | $415M | $1.14B | $1.17B | $1.18B | $968M | $-551M | · | $672M | $787M | $654M | |
| Other Non-op | $1M | $7M | $-3M | $-2M | $-16M | $700.0K | $-13M | · | · | · | · | |
| Pretax Income | $1.86B | $216M | $1.01B | $1.14B | $1.05B | $897M | $-624M | · | $597M | $759M | $627M | |
| Income Tax | $333M | $33M | $196M | $207M | $191M | $63M | $28M | · | $199M | $168M | $166M | |
| Net Income | $1.53B | $183M | $816M | $936M | $856M | $834M | $-652M | · | $398M | $591M | $460M | |
| EPS (Basic) | $7.49 | $0.84 | $3.56 | $3.96 | $3.24 | $3.00 | $-2.34 | · | $1.39 | $2.11 | $1.66 | |
| EPS (Diluted) | $7.27 | $0.82 | $3.50 | $3.88 | $3.17 | $2.95 | $-2.34 | · | $1.38 | $2.09 | $1.65 | |
| Shares (Basic) | 204,000,000 | 216,800,000 | 229,200,000 | 236,400,000 | 264,300,000 | 277,900,000 | 278,600,000 | · | 285,400,000 | 280,600,000 | 277,600,000 | |
| Shares (Diluted) | 210,200,000 | 222,500,000 | 233,200,000 | 241,300,000 | 270,100,000 | 283,000,000 | 278,600,000 | · | 288,600,000 | 282,800,000 | 279,300,000 | |
| EBITDA | $2.08B | $578M | $1.31B | $1.35B | $1.37B | $1.19B | $278M | · | $942M | $1.01B | $873M |
Balance Sheet 29
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $975M | $1.10B | $6.14B | $726M | $790M | $2.01B | $1.43B | · | $1.24B | $2.67B | $859M | |
| Short-term Investments | $177M | $20M | $1.06B | $15M | $163M | $8M | $8M | · | $7M | $411M | $460M | |
| Receivables | $237M | $239M | $228M | $212M | $252M | $200M | $193M | · | $314M | $268M | $245M | |
| Inventory | $826M | $861M | $825M | $920M | $994M | $735M | $737M | · | $674M | $470M | $459M | |
| Prepaid Expense | $155M | $134M | $171M | $126M | $105M | $94M | $58M | $62M | $83M | $59M | $58M | |
| Other Current Assets | $242M | $98M | $140M | $134M | $52M | $76M | $93M | $89M | $86M | $32M | $78M | |
| Current Assets | $2.88B | $2.91B | $8.80B | $2.36B | $2.57B | $3.38B | $2.55B | · | $2.43B | $3.95B | $2.17B | |
| PP&E (Net) | · | · | · | · | · | · | $775M | · | $885M | $691M | $920M | |
| Accum. Depreciation | · | · | · | · | · | · | $1.13B | · | $954M | $798M | $862M | |
| Goodwill | $958M | $983M | $1.20B | $1.23B | $1.24B | $1.30B | $1.30B | · | $1.48B | $480M | $502M | |
| Intangibles | $716M | $720M | $1.35B | $1.36B | $1.37B | $1.37B | $1.38B | $1.65B | $1.73B | $341M | $347M | |
| Other Non-current Assets | $180M | $118M | $162M | $182M | $210M | $96M | $158M | $107M | $119M | $120M | $144M | |
| Total Assets | $6.69B | $6.58B | $13.40B | $7.12B | $7.27B | $8.38B | $7.92B | · | $6.68B | $5.83B | $4.89B | |
| Accounts Payable | $582M | $456M | $452M | $417M | $521M | $445M | $131M | · | $264M | $195M | $187M | |
| Accrued Liabilities | $755M | $737M | $656M | $547M | $628M | $661M | $511M | $634M | $673M | $559M | $625M | |
| Current Liabilities | $1.65B | $1.56B | $1.71B | $1.29B | $1.47B | $1.43B | $1.74B | · | $938M | $754M | $827M | |
| Capital Leases | $1.27B | $1.21B | $1.22B | $1.33B | $1.28B | $1.53B | $1.80B | $1.96B | · | · | · | |
| Deferred Tax | $173M | $80M | $251M | $240M | $222M | $204M | $155M | $221M | $206M | $63M | $57M | |
| Other Non-current Liabilities | $537M | $502M | $375M | $300M | $252M | $250M | $363M | $247M | $467M | $433M | $522M | |
| Total Liabilities | $6.00B | $5.72B | $10.50B | $4.84B | $4.98B | $5.12B | $5.65B | · | $3.43B | $2.83B | $2.21B | |
| Long-term Debt | $2.38B | $2.38B | $6.94B | $1.64B | $1.66B | $1.59B | $1.59B | $1.60B | $1.60B | $1.58B | $861M | |
| Total Debt | $2.40B | $2.41B | $7.31B | $1.67B | $1.70B | $1.60B | $2.31B | · | $1.62B | $1.60B | $885M | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $3M | $3M | · | $3M | $3M | $3M | |
| Paid-in Capital | $4.12B | $3.67B | $3.76B | $3.68B | $3.62B | $3.49B | $3.36B | · | $3.21B | $2.98B | $2.86B | |
| Retained Earnings | $-3.21B | $-2.56B | $-722M | $-1.22B | $-1.17B | $-158M | $-993M | $243M | $119M | $108M | $-104M | |
| AOCI | $-219M | $-261M | $-146M | $-190M | $-171M | $-72M | $-92M | · | $-83M | $-87M | $-73M | |
| Stockholders' Equity | $692M | $858M | $2.90B | $2.28B | $2.29B | $3.26B | $2.28B | · | $3.24B | $3.00B | $2.68B | |
| Liabilities + Equity | $6.69B | $6.58B | $13.40B | $7.12B | $7.27B | $8.38B | $7.92B | · | $6.68B | $5.83B | $4.89B | |
| Shares Outstanding | 200,400,000 | 208,100,000 | 230,200,000 | 227,400,000 | 241,200,000 | 279,500,000 | 276,200,000 | · | 288,000,000 | 281,900,000 | 278,500,000 |
Cash Flow 18
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $161M | $163M | $174M | $182M | $195M | $220M | $829M | · | $271M | $219M | $219M | |
| Stock-based Comp | $104M | $87M | $86M | $79M | $72M | $64M | $53M | · | $81M | $74M | $87M | |
| Deferred Tax | $51M | $-140M | $2M | $41M | $30M | $53M | $-116M | · | $-51M | $78M | $-52M | |
| Amort. of Intangibles | $3M | $5M | $6M | $6M | $7M | · | · | · | · | · | · | |
| Restructuring | · | · | $0 | $0 | $15M | · | · | · | · | · | · | |
| Other Non-cash | $135M | $923M | $177M | $-263M | $-300M | $152M | $292M | · | $298M | $-108M | $44M | |
| Operating Cash Flow | $1.98B | $1.22B | $1.26B | $975M | $853M | $1.32B | $407M | · | $998M | $854M | $759M | |
| CapEx | $166M | $123M | $109M | $184M | $94M | $116M | $205M | · | $267M | $283M | $396M | |
| Investing Cash Flow | $-218M | $914M | $-1.04B | $6M | $-254M | $-91M | $44M | · | $-2.16B | $593M | $-810M | |
| Debt Issued | · | · | · | · | · | · | $0 | · | $1.10B | $997M | $0 | |
| Net Debt Issued | $0 | $-7.16B | $-469M | $-31M | $-900M | $-12M | $0 | · | $0 | $712M | $-15M | |
| Stock Repurchased | $1.55B | $1.72B | $0 | $704M | $1.60B | $0 | $300M | · | $0 | $0 | $0 | |
| Net Stock Activity | $-1.55B | $-1.72B | $0 | $-704M | $-1.60B | $0 | $-300M | · | · | · | $0 | |
| Dividends Paid | $326M | $299M | $321M | $283M | $264M | $0 | $380M | · | $384M | $378M | $374M | |
| Financing Cash Flow | $-1.86B | $-7.18B | $5.21B | $-1.04B | $-1.78B | $-666M | $6M | · | $-251M | $370M | $-385M | |
| Net Change in Cash | $-125M | $-5.04B | $5.42B | $-64M | $-1.22B | $581M | $457M | · | $-1.43B | $1.81B | $-433M | |
| Taxes Paid | $201M | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $1.81B | $1.09B | $1.15B | $791M | $759M | $1.21B | $202M | · | $729M | $571M | $362M |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.8% | 75.4% | 73.3% | 70.8% | 69.6% | 71.0% | 65.3% | · | 65.5% | 68.7% | 67.9% | |
| Operating Margin | 23.9% | 5.9% | 17.1% | 17.6% | 17.6% | 16.9% | -11.1% | · | 11.4% | 17.5% | 14.5% | |
| Net Margin | 19.1% | 2.6% | 12.2% | 14.1% | 12.8% | 14.5% | -13.1% | · | 6.8% | 13.2% | 10.2% | |
| Pretax Margin | 23.2% | 3.1% | 15.2% | 17.2% | 15.7% | 15.6% | -12.6% | · | 10.2% | 16.9% | 14.0% | |
| EBITDA Margin | 25.9% | 8.2% | 19.7% | 20.3% | 20.5% | 20.7% | 5.6% | · | 16.0% | 22.4% | 19.4% | |
| ROA | 23.0% | 1.8% | 8.0% | 13.0% | 10.9% | 10.2% | -8.8% | · | 6.3% | 11.0% | 9.6% | |
| ROE | 245.8% | 16.7% | 28.8% | 41.2% | 35.5% | 26.6% | -27.0% | · | 12.5% | 20.1% | 17.3% | |
| ROIC | 50.9% | 10.8% | 9.0% | 24.3% | 24.1% | 18.5% | -12.5% | · | 9.2% | 13.3% | 13.5% |
Liquidity & Solvency 4
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.9 | 5.1 | 1.8 | 1.8 | 2.4 | 1.5 | · | 2.6 | 5.2 | 2.6 | |
| Quick Ratio | 0.8 | 0.9 | 4.3 | 0.7 | 0.8 | 1.6 | 0.9 | · | 1.7 | 4.4 | 1.9 | |
| Debt / Equity | 3.5 | 2.8 | 2.5 | 0.7 | 0.7 | 0.5 | 1.0 | · | 0.5 | 0.5 | 0.3 | |
| LT Debt / Equity | 3.5 | 2.8 | 2.4 | 0.7 | 0.7 | 0.5 | 0.7 | · | 0.5 | 0.5 | 0.3 |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.2 | 0.7 | 0.7 | 0.9 | 0.9 | 0.7 | 0.7 | · | 0.9 | 0.8 | 0.9 | |
| Inventory Turnover | 2.1 | 2.0 | 2.0 | 2.0 | 2.4 | 2.3 | 2.3 | · | 3.5 | 3.0 | 3.1 | |
| Receivables Turnover | 33.6 | 30.0 | 30.3 | 28.7 | 29.5 | 29.2 | 20.2 | · | 20.2 | 17.5 | 19.3 |
Growth Rates 10
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 14.2% | 5.1% | 0.15% | -0.35% | 16.3% | 15.8% | · | · | · | · | · | |
| Revenue CAGR 3Y | 6.3% | 1.6% | 5.1% | 10.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.9% | 7.2% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 786.6% | -76.6% | -9.8% | 22.4% | 7.5% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 23.3% | -36.3% | 5.9% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 19.8% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 733.9% | -77.5% | -12.8% | 9.3% | 2.6% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 17.7% | -40.2% | -0.73% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 12.9% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | · | -4.7% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $8.00B | $7.01B | $6.67B | $6.66B | $6.68B | $5.75B | $4.96B | · | $5.88B | $4.49B | $4.49B | |
| Net Income TTM | $1.53B | $183M | $816M | $936M | $856M | $834M | $-652M | · | $398M | $591M | $460M | |
| Market Cap | $29.26B | $18.13B | $9.85B | $9.73B | $7.43B | $11.92B | $3.47B | · | $13.45B | $13.35B | $11.34B | |
| Enterprise Value | $30.50B | $19.42B | $9.95B | $10.66B | $8.18B | $11.51B | $4.34B | · | $13.82B | $11.86B | $10.91B | |
| P/E | 20.1 | 106.2 | 12.2 | 11.0 | 9.7 | 14.5 | -5.4 | · | 33.8 | 22.7 | 24.7 | |
| P/S | 3.7 | 2.6 | 1.5 | 1.5 | 1.1 | 2.1 | 0.7 | · | 2.3 | 3.0 | 2.5 | |
| P/B | 42.3 | 21.1 | 3.4 | 4.3 | 3.3 | 3.7 | 1.5 | · | 4.1 | 4.4 | 4.2 | |
| P / Tangible Book | · | · | 29.0 | · | · | 20.3 | · | · | · | · | · | |
| P / Cash Flow | 14.8 | 14.9 | 7.8 | 10.0 | 8.7 | 9.0 | 8.5 | · | 13.5 | 15.6 | 15.0 | |
| P / FCF | 16.1 | 16.6 | 8.6 | 12.3 | 9.8 | 9.9 | 17.2 | · | 18.4 | 23.4 | 31.3 | |
| EV / EBITDA | 14.7 | 33.6 | 7.6 | 7.9 | 6.0 | 9.7 | 15.6 | · | 14.7 | 11.8 | 12.5 | |
| EV / FCF | 16.8 | 17.8 | 8.7 | 13.5 | 10.8 | 9.5 | 21.5 | · | 19.0 | 20.8 | 30.1 | |
| EV / Revenue | 3.8 | 2.8 | 1.5 | 1.6 | 1.2 | 2.0 | 0.9 | · | 2.4 | 2.6 | 2.4 | |
| Dividend Yield | 1.1% | 1.7% | 3.3% | 2.9% | 3.6% | 0.00% | 11.0% | · | 2.9% | 2.8% | 3.3% | |
| Earnings Yield | 5.0% | 0.94% | 8.2% | 9.1% | 10.3% | 6.9% | -18.6% | · | 2.9% | 4.4% | 4.0% | |
| Payout Ratio | 21.3% | 163.4% | 39.4% | 30.3% | 30.9% | 0.00% | -58.3% | · | 96.6% | 64.0% | 81.3% | |
| Annual Payout | $326M | $299M | $321M | $283M | $264M | $0 | $380M | · | $384M | $378M | $374M |
Income Statement 14
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.88B | $1.92B | $2.50B | $1.70B | $1.72B | $1.58B | $2.20B | $1.51B | $1.59B | $1.48B | $2.08B | $1.51B | $1.62B | $1.51B | $2.03B | $1.51B | |
| Cost of Revenue | $313M | $444M | $614M | $404M | $408M | $379M | $562M | $373M | $400M | $375M | $591M | $416M | $447M | $411M | $636M | $452M | |
| Gross Profit | $1.56B | $1.48B | $1.89B | $1.30B | $1.32B | $1.21B | $1.63B | $1.13B | $1.19B | $1.11B | $1.49B | $1.10B | $1.17B | $1.10B | $1.39B | $1.05B | |
| SG&A Expense | $1.12B | $1.05B | $1.17B | $972M | $1.04B | $952M | $1.14B | $883M | $956M | $903M | $1.05B | $844M | $899M | $872M | $971M | $800M | |
| Operating Income | $442M | $428M | $716M | $328M | $-584M | $254M | $493M | $252M | $235M | $204M | $448M | $253M | $274M | $226M | $418M | $254M | |
| Other Non-op | $-2M | $2M | $-2M | $3M | $4M | $800.0K | $-3M | $4M | $-4M | $-3M | $5M | $-1M | $-600.0K | $3M | $7M | $-11M | |
| Pretax Income | $429M | $416M | $697M | $319M | $-594M | $239M | $345M | $226M | $201M | $170M | $403M | $238M | $267M | $223M | $417M | $236M | |
| Income Tax | $81M | $72M | $136M | $44M | $-77M | $36M | $35M | $39M | $42M | $30M | $81M | $44M | $43M | $36M | $87M | $41M | |
| Net Income | $348M | $344M | $561M | $275M | $-517M | $203M | $310M | $187M | $159M | $139M | $322M | $195M | $359M | $187M | $330M | $195M | |
| EPS (Basic) | $1.72 | $1.70 | $2.75 | $1.32 | $-2.36 | $0.98 | $1.41 | $0.81 | $0.69 | $0.61 | $1.41 | $0.85 | $0.97 | $0.80 | $1.38 | $0.81 | |
| EPS (Diluted) | $1.66 | $1.65 | $2.68 | $1.28 | $-2.30 | $0.95 | $1.38 | $0.79 | $0.67 | $0.60 | $1.39 | $0.84 | $0.95 | $0.78 | $1.36 | $0.79 | |
| Shares (Basic) | -410,200,000 | 202,500,000 | 204,100,000 | 207,600,000 | -441,900,000 | 207,300,000 | 219,900,000 | 231,500,000 | -457,900,000 | 229,500,000 | 229,300,000 | 228,300,000 | -479,000,000 | 234,600,000 | 239,300,000 | 241,500,000 | |
| Shares (Diluted) | -423,400,000 | 208,300,000 | 209,800,000 | 215,500,000 | -452,200,000 | 213,900,000 | 224,900,000 | 235,900,000 | -465,200,000 | 234,200,000 | 231,700,000 | 232,500,000 | -488,500,000 | 239,700,000 | 243,300,000 | 246,800,000 | |
| EBITDA | · | $428M | $716M | $365M | · | $254M | $534M | $293M | · | $244M | $489M | $298M | · | $268M | $463M | $298M |
Balance Sheet 27
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $975M | $1.05B | $1.05B | $720M | $1.10B | $1.04B | $983M | $6.46B | $6.14B | $6.98B | $6.83B | $622M | · | $637M | $830M | $526M | |
| Short-term Investments | $177M | $22M | $24M | $24M | $20M | $19M | $20M | $842M | $1.06B | $443M | $629M | $17M | · | $15M | $16M | $31M | |
| Receivables | $237M | $305M | $338M | $290M | $239M | $256M | $297M | $279M | $228M | $277M | $246M | $265M | · | $241M | $253M | $270M | |
| Inventory | $826M | $844M | $896M | $1.02B | $861M | $874M | $937M | $1.03B | $825M | $824M | $825M | $942M | · | $934M | $976M | $1.14B | |
| Prepaid Expense | $155M | $135M | $139M | $143M | $134M | $133M | $158M | $175M | $171M | $128M | $141M | $161M | · | $120M | $131M | $145M | |
| Other Current Assets | $242M | $104M | $108M | $105M | $98M | $92M | $109M | $93M | $140M | $128M | $127M | $155M | · | $69M | $80M | $49M | |
| Current Assets | $2.88B | $2.72B | $2.79B | $2.62B | $2.91B | $2.86B | $2.77B | $9.15B | $8.80B | $9.00B | $9.04B | $2.41B | · | $2.22B | $2.50B | $2.39B | |
| Goodwill | $958M | $960M | $967M | $975M | $983M | $1.22B | $1.20B | $1.23B | $1.20B | $1.22B | $1.23B | $1.22B | $1.23B | $1.25B | $1.25B | $1.22B | |
| Intangibles | $716M | $717M | $718M | $719M | $720M | $1.33B | $1.35B | $1.35B | $1.35B | $1.36B | $1.36B | $1.36B | · | $1.36B | $1.36B | $1.36B | |
| Other Non-current Assets | $180M | $162M | $147M | $133M | $118M | $138M | $146M | $146M | $162M | $251M | $232M | $226M | · | $171M | $170M | $253M | |
| Total Assets | $6.69B | $6.47B | $6.53B | $6.36B | $6.58B | $7.31B | $7.25B | $13.73B | $13.40B | $13.73B | $13.82B | $7.14B | $7.12B | $6.98B | $7.26B | $7.08B | |
| Accounts Payable | $582M | $500M | $565M | $496M | $456M | $393M | $514M | $544M | $452M | $373M | $463M | $386M | · | $331M | $437M | $511M | |
| Accrued Liabilities | $755M | $666M | $821M | $658M | $737M | $584M | $650M | $709M | $656M | $659M | $654M | $487M | · | $495M | $594M | $490M | |
| Current Liabilities | $1.65B | $1.48B | $1.72B | $1.72B | $1.56B | $1.63B | $1.75B | $1.85B | $1.71B | $1.37B | $1.45B | $1.19B | · | $1.15B | $1.34B | $1.31B | |
| Capital Leases | $1.27B | $1.24B | $1.23B | $1.26B | $1.21B | $1.13B | $1.14B | $1.20B | $1.22B | $1.26B | $1.29B | $1.30B | · | $1.33B | $1.35B | $1.27B | |
| Deferred Tax | $173M | $205M | $198M | $151M | $80M | $286M | $274M | $247M | $251M | $286M | $308M | $284M | · | $220M | $225M | $208M | |
| Other Non-current Liabilities | $537M | $490M | $452M | $460M | $502M | $391M | $372M | $442M | $375M | $354M | $370M | $289M | · | $318M | $311M | $297M | |
| Total Liabilities | $6.00B | $5.78B | $5.98B | $5.96B | $5.72B | $5.81B | $5.92B | $10.75B | $10.50B | $10.95B | $11.16B | $4.73B | · | $4.72B | $4.94B | $4.82B | |
| Long-term Debt | $2.38B | $2.38B | $2.38B | $2.38B | $2.38B | $2.38B | $2.38B | $7.01B | $6.94B | $7.67B | $7.71B | $1.63B | · | $1.64B | $1.65B | $1.65B | |
| Total Debt | · | $2.40B | $2.41B | $2.65B | · | $2.72B | $2.70B | $7.37B | · | $7.77B | $7.81B | $1.66B | · | $1.68B | $1.68B | $1.69B | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | |
| Paid-in Capital | $4.12B | $4.08B | $4.04B | $3.99B | $3.67B | $3.59B | $3.48B | $3.79B | $3.76B | $3.73B | $3.70B | $3.67B | · | $3.65B | $3.61B | $3.59B | |
| Retained Earnings | $-3.21B | $-3.17B | $-3.29B | $-3.36B | $-2.56B | $-1.91B | $-1.99B | $-617M | $-722M | $-801M | $-860M | $-1.10B | · | $-1.17B | $-1.09B | $-1.14B | |
| AOCI | $-219M | $-230M | $-202M | $-228M | $-261M | $-180M | $-157M | $-192M | $-146M | $-157M | $-178M | $-155M | · | $-218M | $-218M | $-193M | |
| Stockholders' Equity | $692M | $682M | $551M | $400M | $858M | $1.49B | $1.34B | $2.98B | $2.90B | $2.78B | $2.66B | $2.42B | $2.28B | $2.26B | $2.31B | $2.26B | |
| Liabilities + Equity | $6.69B | $6.47B | $6.53B | $6.36B | $6.58B | $7.31B | $7.25B | $13.73B | $13.40B | $13.73B | $13.82B | $7.14B | · | $6.98B | $7.26B | $7.08B | |
| Shares Outstanding | 200,400,000 | 202,300,000 | 202,700,000 | 205,700,000 | 208,100,000 | 207,700,000 | 206,900,000 | 233,000,000 | 230,200,000 | 229,800,000 | 229,400,000 | 229,200,000 | 227,400,000 | 231,800,000 | 236,000,000 | 240,900,000 |
Cash Flow 15
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $45M | $39M | $39M | $37M | $43M | $38M | $41M | $41M | $48M | $40M | $42M | $44M | $52M | $42M | $45M | $44M | |
| Stock-based Comp | $26M | $28M | $29M | $22M | $22M | $24M | $22M | $19M | $20M | $24M | $22M | $20M | $23M | $21M | $20M | $15M | |
| Deferred Tax | $-58M | $10M | $40M | $58M | $-182M | $19M | $10M | $12M | $-51M | $-26M | $43M | $37M | $10M | $-500.0K | $35M | $-3M | |
| Amort. of Intangibles | $700.0K | $800.0K | $800.0K | $800.0K | $800.0K | $1M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | |
| Other Non-cash | · | · | · | $-280M | · | · | · | $-139M | · | · | · | $-220M | · | · | · | $-421M | |
| Operating Cash Flow | $522M | $263M | $1.08B | $113M | $447M | $144M | $506M | $120M | $256M | $98M | $826M | $75M | $400M | $112M | $633M | $-170M | |
| CapEx | $53M | $37M | $44M | $32M | $35M | $31M | $31M | $26M | $46M | $19M | $23M | $21M | $35M | $41M | $82M | $27M | |
| Investing Cash Flow | $-208M | $-36M | $-43M | $69M | $-34M | $-31M | $789M | $190M | $-556M | $169M | $-632M | $-23M | $-35M | $-40M | $-66M | $147M | |
| Net Debt Issued | · | · | · | · | · | · | · | $0 | · | · | · | $-6M | · | · | · | $-12M | |
| Stock Repurchased | $303M | $150M | $404M | $698M | $53M | $52M | $1.61B | $0 | $0 | $0 | $0 | $0 | $202M | $202M | $205M | $95M | |
| Net Stock Activity | · | · | · | $-698M | · | · | · | · | · | · | · | $0 | · | · | · | $-95M | |
| Dividends Paid | $80M | $81M | $81M | $83M | $73M | $73M | $72M | $81M | $80M | $80M | $80M | $80M | $69M | $70M | $72M | $73M | |
| Financing Cash Flow | $-376M | $-229M | $-706M | $-551M | $-367M | $-33M | $-6.70B | $-74M | $-519M | $-76M | $5.96B | $-149M | $-267M | $-264M | $-278M | $-226M | |
| Net Change in Cash | $-72M | $-7M | $334M | $-380M | $62M | $54M | $-5.48B | $321M | $-833M | $142M | $6.21B | $-104M | $89M | $-193M | $304M | $-263M | |
| Free Cash Flow | · | · | · | $80M | · | · | · | $94M | · | · | · | $54M | · | · | · | $-198M |
Profitability 8
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 76.9% | 75.5% | 76.3% | · | 76.1% | 74.4% | 75.3% | · | 74.7% | 71.6% | 72.5% | · | 72.8% | 68.6% | 70.0% | |
| Operating Margin | · | 22.3% | 28.6% | 19.2% | · | 16.0% | 22.4% | 16.7% | · | 13.8% | 21.5% | 16.7% | · | 15.0% | 20.6% | 16.9% | |
| Net Margin | · | 17.9% | 22.4% | 16.1% | · | 12.8% | 14.1% | 12.4% | · | 9.4% | 15.5% | 12.9% | · | 12.4% | 16.3% | 13.0% | |
| Pretax Margin | · | 21.7% | 27.9% | 18.7% | · | 15.1% | 15.7% | 15.0% | · | 11.4% | 19.3% | 15.8% | · | 14.8% | 20.6% | 15.7% | |
| EBITDA Margin | · | 22.3% | 28.6% | 21.4% | · | 16.0% | 24.3% | 19.4% | · | 16.5% | 23.5% | 19.7% | · | 17.8% | 22.9% | 19.8% | |
| ROA | · | 5.0% | 8.1% | 2.7% | · | 1.9% | 2.9% | 1.8% | · | 1.4% | 3.1% | 2.7% | · | 2.6% | 4.3% | 2.6% | |
| ROE | · | 31.6% | 59.5% | 16.2% | · | 9.5% | 15.5% | 6.9% | · | 5.5% | 13.0% | 8.3% | · | 7.8% | 12.6% | 7.2% | |
| ROIC | · | 11.5% | 19.5% | 9.3% | · | 5.1% | 11.0% | 2.0% | · | 1.6% | 3.4% | 5.1% | · | 4.8% | 8.3% | 5.3% |
Liquidity & Solvency 4
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 1.8 | 1.6 | 1.5 | · | 1.8 | 1.6 | 4.9 | · | 6.6 | 6.2 | 2.0 | · | 1.9 | 1.9 | 1.8 | |
| Quick Ratio | · | 0.9 | 0.8 | 0.6 | · | 0.8 | 0.7 | 4.1 | · | 5.6 | 5.3 | 0.8 | · | 0.8 | 0.8 | 0.6 | |
| Debt / Equity | · | 3.5 | 4.4 | 6.6 | · | 1.8 | 2.0 | 2.5 | · | 2.8 | 2.9 | 0.7 | · | 0.7 | 0.7 | 0.7 | |
| LT Debt / Equity | · | 3.5 | 4.3 | 6.0 | · | 1.6 | 1.8 | 2.4 | · | 2.8 | 2.9 | 0.7 | · | 0.7 | 0.7 | 0.7 |
Efficiency 3
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.3 | 0.4 | 0.2 | · | 0.2 | 0.2 | 0.1 | · | 0.1 | 0.2 | 0.2 | · | 0.2 | 0.3 | 0.2 | |
| Inventory Turnover | · | 0.5 | 0.7 | 0.4 | · | 0.4 | 0.6 | 0.4 | · | 0.4 | 0.7 | 0.4 | · | 0.4 | 0.7 | 0.5 | |
| Receivables Turnover | · | 6.8 | 7.9 | 6.0 | · | 6.0 | 8.1 | 5.5 | · | 5.7 | 8.4 | 5.7 | · | 6.2 | 7.4 | 5.9 |
Valuation (TTM) 15
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $7.71B | $7.99B | $6.99B | · | $6.77B | $7.27B | $6.59B | · | $6.59B | $6.62B | $6.56B | · | · | $7.11B | $6.57B | |
| Net Income TTM | · | $1.38B | $1.35B | $975M | · | $840M | $959M | $843M | · | $843M | $891M | $898M | · | · | $843M | $831M | |
| Market Cap | · | $28.09B | $26.61B | $22.43B | · | $14.59B | $13.63B | $11.17B | · | $10.91B | $8.44B | $6.59B | · | $9.99B | $8.99B | $6.85B | |
| Enterprise Value | · | $29.42B | $27.95B | $24.34B | · | $16.25B | $15.33B | $11.24B | · | $11.26B | $8.79B | $7.61B | · | $11.02B | $9.82B | $7.98B | |
| P/E | · | 21.2 | 20.9 | 24.8 | · | 18.9 | 15.8 | 13.2 | · | 13.2 | 9.7 | 7.6 | · | · | 10.1 | 8.9 | |
| P/S | · | 3.6 | 3.3 | 3.2 | · | 2.2 | 1.9 | 1.7 | · | 1.7 | 1.3 | 1.0 | · | · | 1.3 | 1.0 | |
| P/B | · | 41.2 | 48.3 | 56.1 | · | 9.8 | 10.2 | 3.7 | · | 3.9 | 3.2 | 2.7 | · | 4.4 | 3.9 | 3.0 | |
| P / Tangible Book | · | · | · | · | · | · | · | 28.1 | · | 53.6 | 121.2 | · | · | · | · | · | |
| P / Cash Flow | · | · | · | 199.2 | · | · | · | 93.5 | · | · | · | 87.5 | · | · | · | -40.2 | |
| P / FCF | · | · | · | 279.7 | · | · | · | 119.0 | · | · | · | 121.1 | · | · | · | -34.6 | |
| EV / EBITDA | · | 68.8 | 39.0 | 66.6 | · | 64.1 | 28.7 | 38.4 | · | 46.1 | 18.0 | 25.6 | · | 41.1 | 21.2 | 26.8 | |
| EV / FCF | · | · | · | 303.5 | · | · | · | 119.7 | · | · | · | 139.9 | · | · | · | -40.4 | |
| EV / Revenue | · | 3.8 | 3.5 | 3.5 | · | 2.4 | 2.1 | 1.7 | · | 1.7 | 1.3 | 1.2 | · | · | 1.4 | 1.2 | |
| Earnings Yield | · | 4.7% | 4.8% | 4.0% | · | 5.3% | 6.3% | 7.5% | · | 7.6% | 10.3% | 13.1% | · | · | 9.9% | 11.3% | |
| Payout Ratio | · | · | · | 30.3% | · | · | · | 43.6% | · | · | · | 41.1% | · | · | · | 37.2% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-06-27 | 2025-06-28 | 2024-09-28 | 2024-06-29 | 2023-07-01 | |
|---|---|---|---|---|---|
| Revenue | $8.00B | $7.01B | — | $6.67B | $6.66B |
| Gross Margin % | 77.8% | 75.4% | — | 73.3% | 70.8% |
| Operating Margin % | 23.9% | 5.9% | — | 17.1% | 17.6% |
| Net Income | $1.53B | $183M | — | $816M | $936M |
| Diluted EPS | $7.27 | $0.82 | — | $3.50 | $3.88 |
Balance Sheet
| 2026-06-27 | 2025-06-28 | 2024-09-28 | 2024-06-29 | 2023-07-01 | |
|---|---|---|---|---|---|
| Debt / Equity | 3.5 | 2.8 | — | 2.5 | 0.7 |
| Current Ratio | 1.8 | 1.9 | — | 5.1 | 1.8 |
| Quick Ratio | 0.8 | 0.9 | — | 4.3 | 0.7 |
Cash Flow
| 2026-06-27 | 2025-06-28 | 2024-09-28 | 2024-06-29 | 2023-07-01 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.81B | $1.09B | — | $1.15B | $791M |
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Institutional owners (13F) 1,193 filers · $18.5B 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 |
|---|---|---|---|---|
| 135 (-50 vs prior Q) | 94 (+6 vs prior Q) | 454 (+84 vs prior Q) | 364 (-43 vs prior Q) | +29.8M |
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 CAPITAL MANAGEMENT LLC | $1,931,408,861 | 13,194,486 | 10.46% | Shares |
| STATE STREET CORP | $1,471,802,302 | 10,054,668 | 7.97% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,450,559,344 | 9,909,546 | 7.86% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $868,549,552 | 5,948,871 | 4.70% | Shares |
| SRS Investment Management, LLC | $594,726,863 | 4,062,897 | 3.22% | Shares |
| AMERIPRISE FINANCIAL INC | $521,078,152 | 3,559,787 | 2.82% | Shares |
| FMR LLC | $491,436,678 | 3,357,267 | 2.66% | Shares |
| Boston Partners | $378,357,614 | 2,596,651 | 2.05% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $332,067,590 | 2,268,532 | 1.80% | Shares |
| Qube Research & Technologies Ltd | $309,812,392 | 2,116,494 | 1.68% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $248,343,835 | 1,696,569 | 1.35% | Shares |
| NORGES BANK | $238,633,507 | 1,630,233 | 1.29% | Shares |
| MILLENNIUM MANAGEMENT LLC | $208,378,078 | 1,423,542 | 1.13% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $208,194,957 | 1,422,291 | 1.13% | Shares |
| Point72 Asset Management, L.P. | $206,657,235 | 1,411,786 | 1.12% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $199,828,991 | 1,363,462 | 1.08% | Shares |
| Robeco Institutional Asset Management B.V. | $173,818,779 | 1,187,449 | 0.94% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $169,933,713 | 1,160,908 | 0.92% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $157,477,507 | 1,075,813 | 0.85% | Shares |
| Swedbank AB | $157,432,715 | 1,075,507 | 0.85% | Shares |
| Vinva Investment Management Ltd | $148,815,697 | 1,009,801 | 0.81% | Shares |
| Candlestick Capital Management LP | $147,789,349 | 1,305,329 | 0.80% | Shares |
| TWO SIGMA INVESTMENTS, LP | $147,577,388 | 1,008,180 | 0.80% | Shares |
| CITADEL ADVISORS LLC | $142,457,894 | 973,206 | 0.77% | Shares |
| AVIVA PLC | $141,092,608 | 963,879 | 0.76% | Shares |
| ROYAL BANK OF CANADA | $136,347,000 | 931,456 | 0.74% | Shares |
| BANK OF AMERICA CORP /DE/ | $132,353,430 | 904,177 | 0.72% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $132,324,446 | 903,979 | 0.72% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $125,318,368 | 856,123 | 0.68% | Shares |
| Pictet Asset Management Holding SA | $124,280,593 | 849,026 | 0.67% | Shares |
| GOLDMAN SACHS GROUP INC | $112,660,443 | 769,644 | 0.61% | Shares |
| Holocene Advisors, LP | $108,875,541 | 743,787 | 0.59% | Shares |
| Quantinno Capital Management LP | $104,282,516 | 712,409 | 0.56% | Shares |
| Jefferies Financial Group Inc. | $102,328,988 | 699,064 | 0.55% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $96,988,460 | 662,580 | 0.53% | Shares |
| CONGRESS ASSET MANAGEMENT CO | $95,198,798 | 650,354 | 0.52% | Shares |
| BlackRock, Inc. | $93,597,714 | 639,416 | 0.51% | Shares |
| Gotham Asset Management, LLC | $93,523,646 | 638,910 | 0.51% | Shares |
| Parallax Volatility Advisers, L.P. | $92,892,748 | 634,600 | 0.50% | Put option |
| Fisher Asset Management, LLC | $89,123,497 | 608,850 | 0.48% | Shares |
| BARCLAYS PLC | $89,035,782 | 608,251 | 0.48% | Shares |
| AMERICAN CENTURY COMPANIES INC | $88,503,752 | 604,616 | 0.48% | Shares |
| Swiss National Bank | $83,594,544 | 571,079 | 0.45% | Shares |
| Harbor Group, Inc. | $80,997,075 | 553,334 | 0.44% | Shares |
| National Pension Service | $80,672,214 | 551,115 | 0.44% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $80,450,302 | 549,599 | 0.44% | Shares |
| Bridgewater Associates, LP | $78,963,813 | 539,444 | 0.43% | Shares |
| RHUMBLINE ADVISERS | $75,001,762 | 512,378 | 0.41% | Shares |
| Caisse de depot et placement du Quebec | $74,199,290 | 506,895 | 0.40% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $73,874,034 | 504,673 | 0.40% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $70,911,000 | 484,432 | 0.38% | Shares |
| Engineers Gate Manager LP | $69,159,719 | 472,467 | 0.37% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $67,846,252 | 463,494 | 0.37% | Shares |
| Erste Asset Management GmbH | $64,980,823 | 443,400 | 0.35% | Shares |
| California Public Employees Retirement System | $63,450,168 | 433,462 | 0.34% | Shares |
| SEB Asset Management AB | $61,657,239 | 421,214 | 0.33% | Shares |
| Vanguard Global Advisers, LLC | $61,506,095 | 420,181 | 0.33% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $59,862,394 | 408,952 | 0.32% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $59,764,319 | 408,282 | 0.32% | Shares |
| C Partners Holding GmbH | $59,120,247 | 403,882 | 0.32% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $57,438,259 | 393,413 | 0.31% | Shares |
| FIRST TRUST ADVISORS LP | $56,432,076 | 385,518 | 0.31% | Shares |
| NEUBERGER BERMAN GROUP LLC | $56,144,292 | 383,552 | 0.30% | Shares |
| Smith Group Asset Management, LLC | $52,535,636 | 358,899 | 0.28% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $52,221,943 | 356,756 | 0.28% | Shares |
| Railway Pension Investments Ltd | $52,195,595 | 356,576 | 0.28% | Shares |
| Zurich Insurance Group Ltd/FI | $48,978,016 | 334,595 | 0.27% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $48,627,436 | 332,200 | 0.26% | Call option |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $48,037,230 | 328,168 | 0.26% | Shares |
| Freestone Grove Partners LP | $46,074,862 | 314,762 | 0.25% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $46,074,422 | 314,759 | 0.25% | Shares |
| ALLIANCEBERNSTEIN L.P. | $45,509,527 | 322,511 | 0.25% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $44,725,238 | 316,953 | 0.24% | Shares |
| PFA Pension, Forsikringsaktieselskab | $44,551,660 | 304,356 | 0.24% | Shares |
| SEI INVESTMENTS CO | $43,976,210 | 300,425 | 0.24% | Shares |
| TWO SIGMA ADVISERS, LP | $42,509,079 | 332,700 | 0.23% | Shares |
| Shellback Capital, LP | $42,303,820 | 289,000 | 0.23% | Shares |
| Korea Investment CORP | $41,811,837 | 285,639 | 0.23% | Shares |
| SCOPUS ASSET MANAGEMENT, L.P. | $41,718,300 | 285,000 | 0.23% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $40,848,949 | 279,061 | 0.22% | Shares |
| Driehaus Capital Management LLC | $40,413,322 | 276,085 | 0.22% | Shares |
| TRUIST FINANCIAL CORP | $39,881,542 | 272,452 | 0.22% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $39,062,820 | 266,859 | 0.21% | Shares |
| CASTLEARK MANAGEMENT LLC | $38,900,339 | 265,749 | 0.21% | Shares |
| AustralianSuper Pty Ltd | $37,659,915 | 257,275 | 0.20% | Shares |
| Aware Super Pty Ltd as trustee of Aware Super | $36,850,726 | 251,747 | 0.20% | Shares |
| JANE STREET GROUP, LLC | $36,751,627 | 251,070 | 0.20% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $36,187,771 | 247,218 | 0.20% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $35,150,229 | 240,130 | 0.19% | Shares |
| MARSHALL WACE, LLP | $35,098,557 | 239,777 | 0.19% | Shares |
| RAYMOND JAMES FINANCIAL INC | $35,084,621 | 239,682 | 0.19% | Shares |
| JANE STREET GROUP, LLC | $34,823,802 | 237,900 | 0.19% | Call option |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $34,804,358 | 246,647 | 0.19% | Shares |
| MUFG Securities EMEA plc | $34,242,381 | 233,928 | 0.19% | Shares |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | $32,874,460 | 224,583 | 0.18% | Shares |
| Woodson Capital Management, LP | $32,789,120 | 224,000 | 0.18% | Shares |
| JANE STREET GROUP, LLC | $32,569,550 | 222,500 | 0.18% | Put option |
| RENAISSANCE GROUP LLC | $32,073,508 | 219,111 | 0.17% | Shares |
| PRUDENTIAL FINANCIAL INC | $32,057,074 | 218,999 | 0.17% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $31,705,468 | 216,597 | 0.17% | Shares |
Company insiders 53 insiders · 9 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jane Nielsen | Chief Financial Officer | Dec. 28, 2015 A | 53,901 | 0 | 0 | $0 |
| Michael F Devine III | EVP, Chief Financial Officer | Aug. 5, 2011 M | 33,510 | 0 | 0 | $0 |
| Gebhard Rainer | President and COO | Dec. 28, 2015 A | 31,451 | 0 | 0 | $0 |
| Keith Monda | President and COO | Oct. 26, 2009 S | 1,209,710 | 0 | 0 | $0 |
| Lew Frankfort | Executive Chairman | Oct. 1, 2014 A | 2,026,067 | 0 | 0 | $0 |
| Reed Krakoff | Pres, Exec Creative Director | Sept. 5, 2013 S | 38,406 | 0 | 0 | $0 |
| Melanie Hughes | SVP, Human Resources | Dec. 3, 2007 A | 306 | 0 | 0 | $0 |
| Carole P Sadler | SVP and General Counsel | Aug. 9, 2007 A | 127,194 | 0 | 0 | $0 |
| Felice Schulaner | SVP, Human Resources | Sept. 14, 2006 M | 72,813 | 0 | 0 | $0 |
| Stephanie Tilenius | Director | Nov. 10, 2016 A | 11,154 | 0 | 0 | $0 |
| Gary W Loveman | Director | Oct. 29, 2015 A | 998 | 0 | 0 | $0 |
| Michael E Murphy | Director | Nov. 6, 2014 M | 82,786 | 0 | 0 | $0 |
| MILLER IRENE R | Director | June 30, 2014 A | 17,647 | 0 | 0 | $0 |
| Joseph Ellis | Director | Oct. 26, 2006 A | 19,086 | 0 | 0 | $0 |
| Sally Frame Kasaks | Director | Oct. 27, 2005 A | 0 | 0 | 0 | $0 |
| Todd Kahn | — | May 26, 2026 M | 85,529 | 0 | 5 | $-12,852,848 |
| Joanne C. Crevoiserat | — | May 13, 2026 M | 614,149 | 0 | 6 | $-14,590,050 |
| Matthew Madrigal | — | April 6, 2026 A | 1,392 | 0 | 0 | $0 |
| Manesh Dadlani | — | March 3, 2026 S | 17,500 | 0 | 4 | $-1,262,352 |
| Thomas Greco | — | Feb. 17, 2026 M | 21,302 | 0 | 3 | $-2,199,997 |
| Denise Kulikowsky | — | Feb. 10, 2026 M | 18,733 | 0 | 5 | $-1,677,690 |
| Anne Gates | — | Feb. 10, 2026 M | 22,698 | 0 | 1 | $-999,327 |
| Scott A. Roe | — | Feb. 10, 2026 M | 64,782 | 0 | 4 | $-8,730,119 |
| David E Howard | — | Nov. 18, 2025 M | 30,559 | 0 | 2 | $-2,565,472 |
| Alan Ka Ming Lau | — | Nov. 14, 2025 F | 9,754 | 0 | 2 | $-1,202,120 |
| Johanna W. Faber | — | Nov. 13, 2025 A | 13,866 | 0 | 0 | $0 |
| Pamela Lifford | — | Nov. 13, 2025 A | 15,645 | 0 | 0 | $0 |
| Kevin Hourican | — | Nov. 13, 2025 A | 7,347 | 0 | 0 | $0 |
| David V Elkins | — | Nov. 13, 2025 A | 7,347 | 0 | 0 | $0 |
| Darrell Cavens | — | Nov. 13, 2025 A | 29,900 | 0 | 0 | $0 |
| John P Bilbrey | — | Nov. 14, 2024 A | 47,846 | 0 | 0 | $0 |
| Elizabeth Fraser | — | Aug. 23, 2024 F | 61,077 | 0 | 0 | $0 |
| David M Denton | — | Nov. 15, 2022 A | 37,647 | 0 | 0 | $0 |
| Ivan Menezes | — | Nov. 15, 2022 A | 29,810 | 0 | 0 | $0 |
| Thomas A. Glaser | — | Aug. 23, 2022 F | 129,458 | 0 | 0 | $0 |
| Sarah Dunn | — | Aug. 23, 2022 F | 92,925 | 0 | 0 | $0 |
| Annabelle Yu Long | — | March 10, 2021 M | 0 | 0 | 0 | $0 |
| Susan J Kropf | — | Nov. 5, 2020 A | 32,651 | 0 | 0 | $0 |
| Andrea Shaw Resnick | — | Aug. 19, 2020 F | 139,814 | 0 | 0 | $0 |
| Joshua Schulman | — | June 5, 2020 F | 80,194 | 0 | 0 | $0 |
| Andrea Guerra | — | Nov. 7, 2019 A | 11,697 | 0 | 0 | $0 |
| Jide James Zeitlin | — | Oct. 31, 2019 A | 117,794 | 0 | 0 | $0 |
| Brian Satenstein | — | Aug. 19, 2019 A | 20,620 | 0 | 0 | $0 |
| Anna Bakst | — | Aug. 19, 2019 A | 40,541 | 0 | 0 | $0 |
| Victor Luis | — | Aug. 19, 2019 A | 382,240 | 0 | 0 | $0 |
| Ian Bickley | — | Aug. 20, 2018 M | 66,952 | 0 | 0 | $0 |
| Melinda Brown | — | Aug. 17, 2018 F | 32,155 | 0 | 0 | $0 |
| Kevin Wills | — | Aug. 16, 2018 A | 99,628 | 0 | 0 | $0 |
| Doreen A Toben | — | Dec. 5, 2017 A | 1,801 | 0 | 0 | $0 |
| William Nuti | — | Nov. 9, 2017 A | 10,564 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 205 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 |
|---|---|---|---|---|
| BUL · Pacer Funds Trust | 3.69% | 32,338 NS | April 30, 2026 | N-PORT |
| GDIV · Harbor ETF Trust | 2.92% | 45,500 NS | April 30, 2026 | N-PORT |
| YOKE · EA Series Trust | 2.41% | 37,474 NS | April 30, 2026 | N-PORT |
| JMID · Janus Detroit Street Trust | 2.29% | 2,885 NS | April 30, 2026 | N-PORT |
| ABFL · Abacus FCF ETF Trust | 2.28% | 78,089 NS | April 30, 2026 | N-PORT |
| RSPD · Invesco Exchange-Traded Fund Trust | 2.26% | 46,748 SH | Aug. 8, 2026 | Daily |
| FGSI · First Trust Exchange-Traded Fund IV | 1.90% | 391 NS | April 30, 2026 | N-PORT |
| CARK · Advisors' Inner Circle Fund II | 1.71% | 36,521 NS | April 30, 2026 | N-PORT |
| JSMD · Janus Detroit Street Trust | 1.67% | 112,667 NS | April 30, 2026 | N-PORT |
| RPG · Invesco Exchange-Traded Fund Trust | 1.61% | 200,517 SH | Aug. 8, 2026 | Daily |
| SRHQ · Elevation Series Trust | 1.23% | 16,388 NS | April 30, 2026 | N-PORT |
| FXD · First Trust Exchange-Traded AlphaDE… | 1.08% | 19,784 NS | April 30, 2026 | N-PORT |
| IWP · iShares Trust | 0.94% | 1,169,217 SH | Aug. 8, 2026 | Daily |
| AMOM · Exchange Listed Funds Trust | 0.90% | 1,898 NS | April 30, 2026 | N-PORT |
| SPHB · Invesco Exchange-Traded Fund Trust … | 0.87% | 50,612 SH | Aug. 8, 2026 | Daily |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.82% | 71,532 NS | April 30, 2026 | N-PORT |
| IEDI · iShares U.S. ETF Trust | 0.71% | 1,243 SH | Aug. 8, 2026 | Daily |
| SMLF · iShares Trust | 0.69% | 179,498 SH | Aug. 8, 2026 | Daily |
| FFSM · FIDELITY COVINGTON TRUST | 0.66% | 58,460 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.63% | 2,941,492 SH | Aug. 8, 2026 | Daily |
| WLDR · Two Roads Shared Trust | 0.60% | 2,957 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.60% | 83,891 NS | April 30, 2026 | N-PORT |
| FFLV · FIDELITY COVINGTON TRUST | 0.57% | 687 NS | April 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.56% | 6,257 NS | May 31, 2026 | N-PORT |
| GEW · EA Series Trust | 0.56% | 5,468 NS | May 29, 2026 | N-PORT |
| COWZ · Pacer Funds Trust | 0.55% | 689,027 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.55% | 547,474 NS | May 31, 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 0.55% | 1,760 NS | April 30, 2026 | N-PORT |
| FLAG · Global X Funds | 0.55% | 62 NS | April 30, 2026 | N-PORT |
| IYC · iShares Trust | 0.54% | 40,345 SH | Aug. 8, 2026 | Daily |
| FCPI · FIDELITY COVINGTON TRUST | 0.53% | 9,870 NS | April 30, 2026 | N-PORT |
| QGRO · AMERICAN CENTURY ETF TRUST | 0.51% | 77,361 NS | May 31, 2026 | N-PORT |
| SGLC · RBB Fund, Inc. | 0.51% | 6,823 NS | May 31, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.50% | 18,426 NS | April 30, 2026 | N-PORT |
| QLC · FlexShares Trust | 0.50% | 31,080 NS | April 30, 2026 | N-PORT |
| QDF · FlexShares Trust | 0.50% | 73,260 NS | April 30, 2026 | N-PORT |
| RXI · iShares Trust | 0.49% | 8,335 SH | Aug. 8, 2026 | Daily |
| VCR · VANGUARD WORLD FUND | 0.49% | 230,581 SH | Aug. 8, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.48% | 78,958 NS | April 30, 2026 | N-PORT |
| FDMO · FIDELITY COVINGTON TRUST | 0.48% | 27,638 NS | April 30, 2026 | N-PORT |
| FDIS · FIDELITY COVINGTON TRUST | 0.47% | 57,547 NS | April 30, 2026 | N-PORT |
| GXPD · Global X Funds | 0.47% | 1,598 NS | May 31, 2026 | N-PORT |
| SZNE · Pacer Funds Trust | 0.46% | 426 NS | April 30, 2026 | N-PORT |
| HIBL · Direxion Shares ETF Trust | 0.46% | 2,499 NS | April 30, 2026 | N-PORT |
| OASC · Unified Series Trust | 0.45% | 2,591 NS | May 31, 2026 | N-PORT |
| WANT · Direxion Shares ETF Trust | 0.44% | 620 NS | April 30, 2026 | N-PORT |
| UCC · ProShares Trust | 0.43% | 341 NS | May 31, 2026 | N-PORT |
| SPHQ · Invesco Exchange-Traded Fund Trust | 0.42% | 515,085 SH | Aug. 8, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.42% | 43,529 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.41% | 13,541 NS | April 30, 2026 | N-PORT |