XRAY DENTSPLY SIRONA Inc. - Common Stock
$11.43
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$9–$15
37% of range
Analyst Rating
HOLD
23 analysts
Price Target
$14
+19% upside
P/E (TTM)
-3.8
ROE
-36.4%
Net Profit Margin
-16.2%
About DENTSPLY SIRONA Inc. - Common Stock Company overview from Wikipedia
XRAY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$11.43
Market Cap
$2.28B
P/E (TTM)
-3.8
EPS (TTM)
$-3.00
Revenue (TTM)
$3.68B
Div Yield
5.6%
ROE
-36.4%
Debt/Equity
1.7
52W Range
$9 – $15
XRAY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$3.68B
2016-12-31
→
2025-12-31
EPS
$-3.00
2016-12-31
→
2025-12-31
Free Cash Flow
$104M
2016-12-31
→
2025-12-31
Margins
-16.2%
2017-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
XRAY
Peer Median
P/E (TTM)
-3.8
39.4
P/S (TTM)
0.6
2.1
P/B
1.7
3.3
EV / EBITDA
-60.0
—
Price / FCF
21.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
XRAY
Peer Median
Gross Margin
50.0%
58.7%
Operating Margin
-11.5%
—
Net Profit Margin
-16.2%
-11.8%
ROA
-10.7%
-6.3%
ROE
-36.4%
-13.4%
ROIC
-14.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
XRAY
Peer Median
Debt / Equity
1.7
37.4
Current Ratio
1.5
2.4
Quick Ratio
0.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
XRAY
Peer Median
Revenue YoY
-3.0%
—
Revenue CAGR 3Y
-2.1%
—
Revenue CAGR 5Y
2.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
XRAY
Peer Median
Payout Ratio
-21.4%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
5.6%
Payout Ratio
-21.4%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Dec. 26, 2025 | $0.1600 |
| Sept. 26, 2025 | $0.1600 |
| June 27, 2025 | $0.1600 |
| March 28, 2025 | $0.1600 |
| Dec. 27, 2024 | $0.1600 |
| Sept. 27, 2024 | $0.1600 |
| June 28, 2024 | $0.1600 |
| March 27, 2024 | $0.1600 |
| Dec. 28, 2023 | $0.1400 |
| Sept. 28, 2023 | $0.1400 |
| June 29, 2023 | $0.1400 |
| March 30, 2023 | $0.1400 |
| Dec. 29, 2022 | $0.1250 |
| Sept. 29, 2022 | $0.1250 |
| June 23, 2022 | $0.1250 |
| March 24, 2022 | $0.1250 |
| Dec. 30, 2021 | $0.1100 |
| Sept. 23, 2021 | $0.1100 |
| June 24, 2021 | $0.1100 |
| March 25, 2021 | $0.1000 |
XRAY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
23 analysts
- Strong Buy 4 17.4%
- Buy 4 17.4%
- Hold 13 56.5%
- Sell 1 4.3%
- Strong Sell 1 4.3%
12-Month Price Target
16 analysts · 2026-08-14
Median
$14.00
Now
$11.43
Low
$9.00
High
$17.00
Median target
$14.00
+22.5%
Mean target
$13.59
+18.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.52 | $0.36 | 0.16% |
| March 31, 2026 | $0.27 | $0.28 | -0.01% |
| Dec. 31, 2025 | $0.27 | $0.28 | -0.01% |
| Sept. 30, 2025 | $0.37 | $0.46 | -0.09% |
| June 30, 2025 | $0.52 | $0.51 | 0.01% |
| March 31, 2025 | $0.43 | $0.30 | 0.13% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| XRAY | $2.28B | -3.8 | -3.0% | -16.2% | -36.4% | 50.0% |
| MMED | $3.71B | -10.2 | 14.2% | -10.7% | -9.3% | 54.2% |
| MMSI | $5.24B | 41.4 | 11.8% | 8.5% | 8.4% | 48.7% |
| HAE | $2.45B | 26.4 | -2.0% | 7.3% | 11.8% | 59.0% |
| ICUI | $3.52B | 4755.7 | -6.3% | 0.03% | 0.03% | 36.8% |
| QDEL | $1.99B | -1.8 | -1.9% | -41.4% | -48.0% | — |
| NEOG | $1.95B | -224.2 | -2.7% | -0.91% | -0.38% | 46.9% |
| UFPT | $1.71B | 25.4 | 19.5% | 11.3% | 16.9% | 28.3% |
| STAA | $1.17B | -14.6 | -23.7% | -33.6% | -23.6% | 76.2% |
| BVS | — | 22.5 | -0.91% | 4.0% | 13.7% | 68.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.68B | $3.79B | $3.96B | $3.92B | $4.23B | $3.34B | $4.02B | $3.99B | $3.99B | $3.75B | $2.67B | $0 | |
| Cost of Revenue | $1.84B | $1.83B | $1.88B | $1.79B | $1.88B | $1.68B | $1.86B | $1.92B | $1.80B | $1.74B | $1.16B | $1.32B | |
| Gross Profit | $1.84B | $1.96B | $2.09B | $2.13B | $2.35B | $1.66B | $2.16B | $2.07B | $2.19B | $2.00B | $1.52B | $1.60B | |
| R&D Expense | $150M | $165M | $184M | $174M | $171M | $123M | $143M | $161M | $152M | $128M | $75M | $81M | |
| SG&A Expense | $1.44B | $1.60B | $1.61B | $1.59B | $1.55B | $1.30B | $1.59B | $1.72B | $1.67B | $1.52B | $1.08B | $1.14B | |
| Operating Income | $-422M | $-879M | $-85M | $-937M | $608M | $-3M | $353M | $-958M | $-1.56B | $455M | $375M | $446M | |
| Interest Expense | · | · | $81M | $65M | $61M | $48M | $30M | $37M | $38M | $36M | $56M | $47M | |
| Interest Income | · | · | · | · | · | $1M | $2M | $2M | $2M | $2M | $2M | $6M | |
| Other Non-op | $24M | $12M | $-9M | $-53M | $-2M | $-1M | $12M | $35M | $-5M | $20M | $8M | $100.0K | |
| Pretax Income | $-486M | $-936M | $-175M | $-1.05B | $545M | $-50M | $338M | $-958M | $-1.60B | $441M | $330M | $404M | |
| Income Tax | $112M | $-26M | $-43M | $-105M | $134M | $23M | $82M | $53M | $-53M | $10M | $77M | $81M | |
| Net Income | $-598M | $-910M | $-132M | $-950M | $411M | $-73M | $256M | $-1.01B | $-1.55B | $430M | $251M | $323M | |
| EPS (Basic) | $-3.00 | $-4.48 | $-0.62 | $-4.41 | $1.88 | $-0.33 | $1.15 | $-4.51 | $-6.76 | $1.97 | $1.79 | $2.28 | |
| EPS (Diluted) | $-3.00 | $-4.48 | $-0.62 | $-4.41 | $1.87 | $-0.33 | $1.14 | $-4.51 | $-6.76 | $1.94 | $1.76 | $2.24 | |
| Shares (Basic) | 199,400,000 | 203,200,000 | 212,000,000 | 215,500,000 | 218,400,000 | 219,200,000 | 223,100,000 | 224,300,000 | 229,400,000 | 218,000,000 | 140,000,000 | 141,700,000 | |
| Shares (Diluted) | 199,400,000 | 203,200,000 | 212,000,000 | 215,500,000 | 220,200,000 | 219,200,000 | 224,400,000 | 224,300,000 | 229,400,000 | 221,600,000 | 142,500,000 | 144,200,000 | |
| EBITDA | $-70M | $-530M | $258M | $-609M | $955M | $322M | $684M | $-627M | $-1.25B | $726M | $498M | $575M |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $326M | $272M | $334M | $365M | $339M | $438M | $405M | $310M | $321M | $384M | $285M | $152M | |
| Inventory | $642M | $564M | $624M | $627M | $515M | $476M | $562M | $599M | $623M | $517M | $340M | $387M | |
| Prepaid Expense | $367M | $354M | $320M | $269M | $248M | $217M | $251M | $278M | $313M | $206M | $172M | $242M | |
| Other Current Assets | $150M | $153M | $113M | $88M | $84M | $67M | $84M | $123M | · | · | · | · | |
| Current Assets | $2.02B | $1.75B | $1.97B | $1.89B | $1.85B | $1.80B | $2.00B | $1.89B | $2.00B | $1.74B | $1.20B | $1.21B | |
| PP&E (Net) | · | · | $800M | $761M | $773M | $791M | $802M | $871M | $876M | $800M | $559M | $589M | |
| PP&E (Gross) | · | · | · | · | · | $2.18B | $2.04B | $2.08B | $2.07B | $1.85B | $1.34B | $1.37B | |
| Accum. Depreciation | · | · | · | · | · | $1.39B | $1.23B | $1.21B | $1.20B | $1.06B | $784M | $782M | |
| Goodwill | $1.15B | $1.60B | $2.44B | $2.69B | $3.98B | $3.99B | $3.40B | $3.43B | $4.54B | $5.95B | $1.99B | $2.09B | |
| Intangibles | $974M | $1.21B | $1.71B | $1.90B | $2.32B | $2.50B | $2.18B | $2.42B | $2.80B | $2.96B | $601M | $671M | |
| Other Non-current Assets | $284M | $301M | $276M | $198M | $121M | $95M | $69M | $77M | $156M | $103M | $59M | $91M | |
| Total Assets | $5.43B | $5.75B | $7.37B | $7.64B | $9.24B | $9.35B | $8.60B | $8.69B | $10.37B | $11.56B | $4.40B | $4.65B | |
| Accounts Payable | $300M | $241M | $305M | $279M | $262M | $302M | $308M | $284M | $284M | $223M | $134M | $133M | |
| Accrued Liabilities | $700M | $754M | $749M | $727M | $760M | $712M | $629M | $579M | $586M | $463M | $310M | $379M | |
| Current Liabilities | $1.34B | $1.59B | $1.43B | $1.17B | $1.26B | $1.37B | $995M | $1.01B | $954M | $768M | $476M | $653M | |
| Capital Leases | $93M | $91M | $125M | $149M | $149M | $130M | $120M | · | · | · | · | · | |
| Deferred Tax | $94M | $129M | $228M | $287M | $391M | $381M | $480M | $553M | $718M | $752M | $160M | $166M | |
| Other Non-current Liabilities | $544M | $415M | $502M | $399M | $528M | $554M | $480M | $423M | $462M | $400M | $286M | $356M | |
| Total Liabilities | $4.09B | $3.81B | $4.08B | $3.83B | $4.24B | $4.42B | $3.51B | $3.55B | $3.75B | $3.43B | $2.06B | $2.32B | |
| Long-term Debt | $2.28B | $1.75B | $1.91B | $1.87B | $1.92B | $2.28B | $1.44B | $1.58B | $1.63B | $1.53B | $1.15B | $1.26B | |
| Total Debt | $2.24B | $1.71B | $1.87B | $1M | $1M | $2.27B | $1.43B | $1.58B | $1.62B | $1.52B | $1.15B | $1.26B | |
| Common Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $2M | $2M | |
| Paid-in Capital | $6.64B | $6.64B | $6.64B | $6.63B | $6.61B | $6.60B | $6.59B | $6.52B | $6.54B | $6.52B | $238M | $222M | |
| Retained Earnings | $-1.56B | $-835M | $205M | $456M | $1.51B | $1.20B | $1.40B | $1.23B | $2.32B | $3.95B | $3.59B | $3.38B | |
| Treasury Stock | $3.10B | $3.14B | $2.92B | $2.65B | $2.54B | $2.41B | $2.30B | $2.15B | $1.96B | $1.65B | $898M | $842M | |
| AOCI | $-639M | $-730M | $-636M | $-628M | $-592M | $-464M | $-600M | $-479M | $-291M | $-706M | $-594M | $-441M | |
| Stockholders' Equity | $1.34B | $1.94B | $3.29B | $3.81B | $5.00B | $4.93B | $5.09B | $5.12B | $6.62B | $8.11B | $2.34B | $2.32B | |
| Liabilities + Equity | $5.43B | $5.75B | $7.37B | $7.64B | $9.24B | $9.35B | $8.60B | $8.69B | $10.37B | $11.56B | $4.40B | $4.65B | |
| Shares Outstanding | 199,600,000 | 198,800,000 | 207,200,000 | 215,200,000 | 217,400,000 | 218,700,000 | 221,300,000 | 223,000,000 | 226,800,000 | 230,100,000 | 140,100,000 | 140,900,000 |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $352M | $349M | $343M | $328M | $347M | $334M | $323M | $331M | $316M | $272M | $123M | $129M | |
| Stock-based Comp | $33M | $39M | $46M | $59M | $48M | $47M | $66M | $21M | $48M | $41M | $26M | $25M | |
| Deferred Tax | $30M | $-136M | $-130M | $-228M | $-25M | $-62M | $-40M | $-62M | $-144M | $-110M | $27M | $18M | |
| Amort. of Intangibles | $211M | $216M | $211M | $209M | $222M | $192M | $190M | $198M | $189M | $155M | $44M | $48M | |
| Restructuring | $24M | $53M | $67M | $14M | $17M | · | $34M | $32M | $55M | $21M | $61M | $10M | |
| Other Non-cash | $418M | $1.12B | $250M | $1.31B | $-124M | $401M | $18M | $1.22B | $1.93B | $-69M | $70M | $66M | |
| Operating Cash Flow | $235M | $461M | $377M | $517M | $657M | $649M | $639M | $500M | $602M | $563M | $497M | $560M | |
| CapEx | $131M | $180M | $149M | $149M | $142M | $87M | $123M | $183M | $144M | $125M | $72M | $100M | |
| Investing Cash Flow | $-132M | $-197M | $-89M | $-138M | $-358M | $-1.11B | $-69M | $-253M | $-286M | $60M | $-55M | $-139M | |
| Debt Issued | $553M | $1M | $0 | $6M | $16M | · | · | · | · | · | · | · | |
| Net Debt Issued | $406M | $-87M | $-7M | $-2M | $-297M | $-701M | $-251M | $-9M | $-17M | $-878M | $-268M | $-199M | |
| Stock Repurchased | $0 | $250M | $300M | $150M | $200M | $140M | $260M | $250M | $401M | $814M | $113M | $163M | |
| Net Stock Activity | $0 | $-250M | $-300M | $-150M | $-200M | $-140M | $-260M | $-250M | $-401M | $-814M | $-113M | $-163M | |
| Dividends Paid | $128M | $126M | $116M | $104M | $92M | $88M | $81M | $79M | $78M | $65M | $40M | $37M | |
| Financing Cash Flow | $-80M | $-302M | $-307M | $-329M | $-379M | $476M | $-472M | $-250M | $-401M | $-526M | $-303M | $-336M | |
| Net Change in Cash | $54M | $-62M | $-31M | $26M | $-99M | $33M | $95M | $-11M | $-63M | $99M | $133M | $77M | |
| Taxes Paid | $71M | $74M | $177M | $122M | $148M | $82M | $112M | $105M | $123M | · | · | · | |
| Free Cash Flow | $104M | $281M | $228M | $368M | $515M | $548M | $510M | $317M | $458M | $438M | $425M | $461M | |
| Levered FCF | · | · | $167M | · | · | $482M | $488M | $278M | $421M | $403M | $383M | $423M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.0% | 51.6% | 52.6% | 54.2% | 55.5% | 49.6% | 53.7% | 51.9% | 54.8% | · | · | 54.7% | |
| Operating Margin | -11.5% | -23.2% | -2.1% | -23.9% | 14.4% | -0.36% | 9.0% | -24.0% | -39.1% | · | · | 15.2% | |
| Net Margin | -16.2% | -24.0% | -3.3% | -24.2% | 9.7% | -2.5% | 6.5% | -25.4% | -38.8% | · | · | 11.1% | |
| Pretax Margin | -13.2% | -24.7% | -4.4% | -26.9% | 12.9% | -1.8% | 8.6% | -24.0% | -40.2% | · | · | 13.8% | |
| EBITDA Margin | -1.9% | -14.0% | 6.5% | -15.5% | 22.6% | 9.6% | 17.0% | -15.7% | -31.2% | · | · | 19.7% | |
| ROA | -10.7% | -13.9% | -1.8% | · | · | -0.93% | 3.0% | -10.6% | -14.1% | 5.3% | 5.5% | 6.6% | |
| ROE | -36.4% | -34.8% | -3.7% | · | · | -1.7% | 5.1% | -17.2% | -21.0% | 8.2% | 10.8% | 13.3% | |
| ROIC | -14.5% | -23.4% | -1.2% | -84374.4% | 45851.0% | -0.23% | 4.2% | -15.1% | -18.3% | 4.6% | 8.2% | 9.9% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.5 | 1.1 | 1.4 | · | · | 1.4 | 2.0 | 1.9 | 2.1 | 2.4 | 2.5 | 1.8 | |
| Quick Ratio | 0.2 | 0.2 | 0.2 | · | · | 0.3 | 0.4 | 0.3 | 0.3 | 0.5 | 0.6 | 0.2 | |
| Debt / Equity | 1.7 | 0.9 | 0.6 | · | · | 0.5 | 0.3 | 0.3 | 0.2 | 0.2 | 0.5 | 0.5 | |
| LT Debt / Equity | 1.5 | 0.8 | 0.5 | · | · | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | 0.5 | 0.5 | |
| Interest Coverage | · | · | -1.0 | · | · | -0.2 | 12.3 | -25.7 | -40.8 | 12.7 | 6.7 | 9.5 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.6 | 0.5 | · | · | 0.4 | 0.5 | 0.4 | 0.4 | 0.0 | 0.0 | 0.6 | |
| Inventory Turnover | 3.1 | 3.1 | 3.0 | · | · | 3.3 | 3.2 | 3.1 | 3.2 | 4.1 | 3.2 | 3.2 |
Growth Rates 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -3.0% | -4.3% | 1.1% | -7.3% | 26.7% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -2.1% | -3.6% | 5.9% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 2.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 7.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.68B | $3.79B | $3.96B | $3.92B | $4.23B | $3.34B | $4.02B | $3.99B | $3.99B | $3.75B | $2.67B | $0 | |
| Net Income TTM | $-598M | $-910M | $-132M | $-950M | $411M | $-73M | $256M | $-1.01B | $-1.55B | $430M | $251M | $323M | |
| Market Cap | $2.28B | $3.77B | $7.37B | · | · | $11.45B | $12.52B | $8.30B | $14.93B | $13.28B | $8.53B | · | |
| Enterprise Value | $4.20B | $5.22B | $8.91B | · | · | $13.29B | $13.55B | $9.56B | $16.23B | $14.42B | $9.39B | · | |
| P/E | -3.8 | -4.2 | -57.4 | -7.2 | 29.8 | -158.7 | 49.6 | -8.3 | -9.7 | 29.8 | 34.6 | 23.8 | |
| P/S | 0.6 | 1.0 | 1.9 | · | · | 3.4 | 3.1 | 2.1 | 3.7 | 3.5 | 3.2 | · | |
| P/B | 1.7 | 1.9 | 2.2 | · | · | 2.3 | 2.5 | 1.6 | 2.3 | 1.6 | 3.6 | · | |
| P / Cash Flow | 9.7 | 8.2 | 19.6 | · | · | 18.0 | 19.8 | 16.6 | 24.8 | 23.6 | 17.1 | · | |
| P / FCF | 21.9 | 13.4 | 32.3 | · | · | 20.9 | 24.6 | 26.2 | 32.6 | 30.3 | 20.0 | · | |
| EV / EBITDA | -60.0 | -9.8 | 34.5 | · | · | 41.3 | 19.8 | -15.2 | -13.0 | 19.9 | 18.9 | · | |
| EV / FCF | 40.4 | 18.6 | 39.1 | · | · | 24.2 | 26.6 | 30.1 | 35.5 | 32.9 | 22.1 | · | |
| EV / Revenue | 1.1 | 1.4 | 2.2 | · | · | 4.0 | 3.4 | 2.4 | 4.1 | 3.9 | 3.5 | · | |
| Dividend Yield | 5.6% | 3.3% | 1.6% | · | · | 0.77% | 0.65% | 0.95% | 0.52% | 0.49% | 0.47% | · | |
| Earnings Yield | -26.2% | -23.6% | -1.7% | -13.9% | 3.4% | -0.63% | 2.0% | -12.1% | -10.3% | 3.4% | 2.9% | 4.2% | |
| Payout Ratio | -21.4% | -13.9% | -87.9% | -10.9% | 22.4% | -106.0% | 30.8% | -7.8% | -5.1% | 15.0% | 15.9% | 11.6% | |
| Annual Payout | $128M | $126M | $116M | $104M | $92M | $88M | $81M | $79M | $78M | $65M | $40M | $37M |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $898M | $880M | $961M | $904M | $936M | $879M | $905M | $951M | $984M | $953M | $1.01B | $947M | $1.03B | $978M | $983M | $947M | |
| Cost of Revenue | $405M | $453M | $518M | $463M | $446M | $413M | $459M | $456M | $473M | $447M | $490M | $452M | $478M | $459M | $466M | $439M | |
| Gross Profit | $493M | $427M | $443M | $441M | $490M | $466M | $446M | $495M | $511M | $506M | $522M | $495M | $550M | $519M | $517M | $508M | |
| R&D Expense | $45M | $44M | $40M | $37M | $37M | $36M | $42M | $40M | $41M | $42M | $43M | $46M | $49M | $46M | $43M | $41M | |
| SG&A Expense | $364M | $351M | $383M | $355M | $342M | $358M | $401M | $390M | $399M | $415M | $409M | $372M | $416M | $416M | $402M | $401M | |
| Operating Income | $82M | $-35M | $-139M | $-218M | $-128M | $63M | $-509M | $-462M | $50M | $42M | $73M | $-236M | $80M | $-2M | $65M | $-1.22B | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $18M | · | $18M | $21M | $20M | · | $14M | |
| Other Non-op | $12M | $17M | $14M | $11M | $-1M | $0 | $2M | $2M | $1M | $7M | $4M | $5M | $-12M | $-6M | $-33M | $-9M | |
| Pretax Income | $72M | $-42M | $-147M | $-230M | $-153M | $44M | $-523M | $-478M | $34M | $31M | $57M | $-250M | $46M | $-28M | $8M | $-1.24B | |
| Income Tax | $36M | $-32M | $-2M | $198M | $-109M | $25M | $-95M | $17M | $38M | $14M | $-15M | $16M | $-39M | $-5M | $23M | $-164M | |
| Net Income | $37M | $-10M | $-146M | $-427M | $-45M | $20M | $-430M | $-494M | $-4M | $18M | $67M | $-266M | $86M | $-19M | $-15M | $-1.08B | |
| EPS (Basic) | $0.18 | $-0.05 | $-0.74 | $-2.14 | $-0.22 | $0.10 | $-2.09 | $-2.46 | $-0.02 | $0.09 | $0.31 | $-1.25 | $0.41 | $-0.09 | $-0.06 | $-5.01 | |
| EPS (Diluted) | $0.18 | $-0.05 | $-0.74 | $-2.14 | $-0.22 | $0.10 | $-2.09 | $-2.46 | $-0.02 | $0.09 | $0.32 | $-1.25 | $0.40 | $-0.09 | $-0.06 | $-5.01 | |
| Shares (Basic) | 199,700,000 | 199,900,000 | -398,500,000 | 199,500,000 | 199,300,000 | 199,100,000 | -410,800,000 | 201,000,000 | 205,600,000 | 207,400,000 | -426,200,000 | 211,800,000 | 211,900,000 | 214,500,000 | -431,300,000 | 214,900,000 | |
| Shares (Diluted) | 200,500,000 | 199,900,000 | -399,200,000 | 199,500,000 | 199,300,000 | 199,800,000 | -411,900,000 | 201,000,000 | 205,600,000 | 208,500,000 | -427,400,000 | 211,800,000 | 213,100,000 | 214,500,000 | -432,500,000 | 214,900,000 | |
| EBITDA | $167M | $44M | · | $-126M | $-40M | $142M | · | $-462M | $50M | $42M | · | $-236M | $80M | · | · | $-1.22B |
Balance Sheet 27
| 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 | $239M | $190M | $326M | $363M | $359M | $398M | $272M | $296M | $279M | $291M | · | $309M | $295M | $318M | · | $418M | |
| Inventory | $665M | $659M | $642M | $686M | $675M | $612M | $564M | $619M | $608M | $613M | · | $651M | $657M | $659M | · | $592M | |
| Prepaid Expense | $404M | $374M | $367M | $369M | $286M | $364M | $354M | $335M | $280M | $342M | · | $304M | $298M | $314M | · | $284M | |
| Other Current Assets | · | · | $150M | · | · | · | $153M | · | · | · | · | · | · | · | · | · | |
| Current Assets | $1.93B | $1.84B | $2.02B | $2.07B | $1.97B | $1.98B | $1.75B | $1.92B | $1.76B | $1.90B | · | $1.91B | $1.92B | $1.94B | · | $1.94B | |
| PP&E (Net) | · | · | · | · | · | · | · | $817M | $789M | $782M | · | $753M | $772M | $770M | · | $714M | |
| Goodwill | $1.14B | $1.14B | $1.15B | $1.27B | $1.53B | $1.63B | $1.60B | $1.94B | $2.39B | $2.40B | · | $2.37B | $2.70B | $2.70B | · | $2.58B | |
| Intangibles | $870M | $924M | $974M | $1.06B | $1.13B | $1.21B | $1.21B | $1.54B | $1.56B | $1.62B | · | $1.71B | $1.81B | $1.86B | · | $1.88B | |
| Other Non-current Assets | $294M | $321M | $284M | $274M | $463M | $304M | $301M | $263M | $240M | $250M | · | $268M | $256M | $206M | · | $209M | |
| Total Assets | $5.20B | $5.23B | $5.43B | $5.65B | $6.07B | $6.05B | $5.75B | $6.63B | $6.90B | $7.12B | · | $7.20B | $7.65B | $7.67B | · | $7.52B | |
| Accounts Payable | $260M | $259M | $300M | $268M | $268M | $276M | $241M | $297M | $287M | $279M | · | $262M | $265M | $267M | · | $271M | |
| Accrued Liabilities | $664M | $688M | $700M | $712M | $672M | $738M | $754M | $798M | $650M | $681M | · | $732M | $728M | $748M | · | $711M | |
| Current Liabilities | $1.19B | $1.21B | $1.34B | $1.41B | $1.17B | $1.79B | $1.59B | $1.54B | $1.32B | $1.33B | · | $1.22B | $1.27B | $1.37B | · | $1.30B | |
| Capital Leases | $88M | $95M | $93M | $85M | $92M | $88M | $91M | $103M | $113M | $120M | · | $133M | $144M | $144M | · | $154M | |
| Deferred Tax | $79M | $84M | $94M | $95M | $109M | $134M | $129M | $193M | $194M | $214M | · | $249M | $261M | $271M | · | $246M | |
| Other Non-current Liabilities | $505M | $518M | $544M | $573M | $523M | $432M | $415M | $503M | $466M | $454M | · | $427M | $431M | $404M | · | $475M | |
| Total Liabilities | $3.85B | $3.91B | $4.09B | $4.17B | $4.11B | $4.04B | $3.81B | $4.14B | $3.83B | $3.87B | · | $3.83B | $3.95B | $4.04B | · | $3.91B | |
| Long-term Debt | · | · | $2.28B | · | · | · | $1.71B | · | · | · | · | · | · | · | · | · | |
| Total Debt | $2.00B | $2.01B | · | $2.02B | $2.22B | $1.59B | · | $1.79B | $1.74B | $1.75B | · | $1.80B | $1.84B | · | · | $1.74B | |
| Common Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | · | $3M | $3M | $3M | · | $3M | |
| Paid-in Capital | $6.62B | $6.62B | $6.64B | $6.64B | $6.64B | $6.63B | $6.64B | $6.64B | $6.63B | $6.64B | · | $6.64B | $6.65B | $6.60B | · | $6.62B | |
| Retained Earnings | $-1.54B | $-1.57B | $-1.56B | $-1.39B | $-925M | $-848M | $-835M | $-374M | $152M | $190M | · | $167M | $463M | $407M | · | $498M | |
| Treasury Stock | $3.08B | $3.07B | $3.10B | $3.11B | $3.12B | $3.12B | $3.14B | $3.14B | $3.04B | $2.91B | · | $2.78B | $2.79B | $2.76B | · | $2.66B | |
| AOCI | $-656M | $-655M | $-639M | $-672M | $-641M | $-659M | $-730M | $-638M | $-677M | $-666M | · | $-657M | $-620M | $-614M | · | $-844M | |
| Stockholders' Equity | $1.35B | $1.32B | $1.34B | $1.48B | $1.96B | $2.01B | $1.94B | $2.49B | $3.06B | $3.26B | · | $3.38B | $3.71B | $3.64B | · | $3.61B | |
| Liabilities + Equity | $5.20B | $5.23B | $5.43B | $5.65B | $6.07B | $6.05B | $5.75B | $6.63B | $6.90B | $7.12B | · | $7.20B | $7.65B | $7.67B | · | $7.52B | |
| Shares Outstanding | 199,200,000 | 200,300,000 | 199,600,000 | 199,500,000 | 199,300,000 | 199,300,000 | 198,800,000 | 198,800,000 | 202,600,000 | 207,600,000 | 207,200,000 | 211,800,000 | 211,700,000 | 212,500,000 | 215,200,000 | 214,900,000 |
Cash Flow 18
| 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 | $85M | $79M | $93M | $92M | $88M | $79M | $88M | $89M | $86M | $86M | · | · | · | · | · | · | |
| Stock-based Comp | $9M | $8M | $8M | $6M | $9M | $10M | $4M | $12M | $12M | $11M | $13M | $2M | $14M | $17M | $12M | $14M | |
| Deferred Tax | $18M | $-60M | $-14M | $180M | $-137M | $1M | $-116M | $-9M | $-2M | $-9M | $-23M | $-24M | $-62M | $-21M | $-8M | $-207M | |
| Amort. of Intangibles | $49M | $41M | $56M | $56M | $54M | $45M | $54M | $54M | $54M | $54M | $52M | $53M | $53M | $53M | $50M | $51M | |
| Restructuring | $2M | $67M | $6M | $5M | $4M | $9M | $8M | $23M | $21M | $1M | $-3M | $6M | $5M | $59M | $1M | $3M | |
| Other Non-cash | · | $23M | · | · | · | $-103M | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $99M | $40M | $101M | $79M | $48M | $7M | $87M | $141M | $208M | $25M | $160M | $134M | $104M | $-21M | $142M | $109M | |
| CapEx | $44M | $52M | $41M | $39M | $32M | $19M | $51M | $43M | $52M | $34M | $40M | $37M | $33M | $39M | $32M | $32M | |
| Investing Cash Flow | $-39M | $-53M | $-45M | $-36M | $-34M | $-17M | $-57M | $-47M | $-50M | $-43M | $-20M | $-2M | $-30M | $-37M | $-29M | $-26M | |
| Debt Issued | · | · | $2M | $1M | · | · | $1M | $0 | · | · | $-2M | $2M | $0 | $0 | $-1M | $2M | |
| Net Debt Issued | · | $-31M | · | · | · | $-2M | · | · | · | $-3M | · | · | · | · | · | · | |
| Stock Repurchased | · | · | $0 | $0 | · | · | $0 | $100M | $150M | $0 | $150M | $0 | $0 | $150M | $0 | $150M | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $0 | · | · | · | · | · | · | |
| Dividends Paid | $0 | $32M | $32M | $32M | $32M | $32M | $31M | $33M | $33M | $29M | $30M | $29M | $30M | $27M | $26M | $27M | |
| Financing Cash Flow | $-11M | $-119M | $-99M | $-36M | $-68M | $123M | $-38M | $-79M | $-171M | $-14M | $-128M | $-109M | $-87M | $17M | $-161M | $-6M | |
| Net Change in Cash | $49M | $-136M | $-37M | $4M | $-39M | $126M | $-24M | $17M | $-12M | $-43M | $25M | $14M | $-23M | $-47M | $-53M | $56M | |
| Free Cash Flow | · | $-12M | · | · | · | $-12M | · | · | · | $-9M | · | · | · | · | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-19M | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.9% | 48.5% | · | 48.8% | 52.3% | 53.0% | · | 52.0% | 51.9% | 53.1% | · | 52.3% | 53.5% | · | · | 53.6% | |
| Operating Margin | 9.1% | -4.0% | · | -24.1% | -13.7% | 7.2% | · | -48.6% | 5.1% | 4.4% | · | -24.9% | 7.8% | · | · | -128.6% | |
| Net Margin | 4.1% | -1.1% | · | -47.2% | -4.8% | 2.3% | · | -51.9% | -0.41% | 1.9% | · | -28.1% | 8.4% | · | · | -113.7% | |
| Pretax Margin | 8.0% | -4.8% | · | -25.4% | -16.4% | 5.0% | · | -50.3% | 3.5% | 3.2% | · | -26.4% | 4.5% | · | · | -131.1% | |
| EBITDA Margin | 18.6% | 5.0% | · | -13.9% | -4.3% | 16.2% | · | -48.6% | 5.1% | 4.4% | · | -24.9% | 7.8% | · | · | -128.6% | |
| ROA | 0.66% | -0.18% | · | -7.0% | -0.69% | 0.30% | · | -7.1% | -0.05% | 0.24% | · | -3.6% | 1.0% | · | · | -12.8% | |
| ROE | 2.2% | -0.60% | · | -21.5% | -1.8% | 0.76% | · | -16.8% | -0.12% | 0.52% | · | -7.6% | 2.0% | · | · | -24.8% | |
| ROIC | 1.2% | -0.25% | · | -11.6% | -0.88% | 0.76% | · | -11.2% | -0.12% | 0.46% | · | -4.9% | 2.7% | · | · | -19.8% |
Liquidity & Solvency 5
| 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 | 1.6 | 1.5 | · | 1.5 | 1.7 | 1.1 | · | 1.2 | 1.3 | 1.4 | · | 1.6 | 1.5 | · | · | 1.5 | |
| Quick Ratio | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | 0.2 | · | · | 0.3 | |
| Debt / Equity | 1.5 | 1.5 | · | 1.4 | 1.1 | 0.8 | · | 0.7 | 0.6 | 0.5 | · | 0.5 | 0.5 | · | · | 0.5 | |
| LT Debt / Equity | 1.5 | 1.5 | · | 1.4 | 1.1 | 0.8 | · | 0.7 | 0.6 | 0.5 | · | 0.5 | 0.5 | · | · | 0.5 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 2.3 | · | -13.1 | 3.8 | · | · | -87.0 |
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 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | · | · | 0.1 | |
| Inventory Turnover | 0.6 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | 0.8 | · | · | 0.8 |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.62B | $3.60B | · | $3.67B | $3.75B | $3.77B | · | $3.83B | $3.91B | $3.91B | · | $3.90B | $3.98B | $3.92B | · | $4.04B | |
| Net Income TTM | $-445M | $-462M | · | $-946M | $-523M | $-460M | · | $-746M | $-166M | $-181M | · | $-1.28B | $-937M | $-954M | · | $-816M | |
| Market Cap | $2.11B | $2.32B | · | $2.53B | $3.16B | $2.98B | · | $5.38B | $5.05B | $6.89B | · | $7.24B | $8.47B | · | · | $6.09B | |
| Enterprise Value | $3.87B | $4.14B | · | $4.19B | $5.02B | $4.17B | · | $6.88B | $6.50B | $8.35B | · | $8.73B | $10.02B | · | · | $7.41B | |
| P/E | -4.8 | -5.0 | · | -2.7 | -6.1 | -6.5 | · | -7.4 | -31.9 | -39.0 | · | -5.7 | -9.2 | -8.8 | · | -7.4 | |
| P/S | 0.6 | 0.6 | · | 0.7 | 0.8 | 0.8 | · | 1.4 | 1.3 | 1.8 | · | 1.9 | 2.1 | · | · | 1.5 | |
| P/B | 1.6 | 1.8 | · | 1.7 | 1.6 | 1.5 | · | 2.2 | 1.6 | 2.1 | · | 2.1 | 2.3 | · | · | 1.7 | |
| P / Cash Flow | · | 58.1 | · | · | · | 425.4 | · | · | · | 275.6 | · | · | · | · | · | · | |
| P / FCF | · | -193.6 | · | · | · | -248.1 | · | · | · | -765.6 | · | · | · | · | · | · | |
| EV / EBITDA | 23.2 | 94.1 | · | -33.2 | -125.6 | 29.4 | · | -14.9 | 130.1 | 198.7 | · | -37.0 | 125.2 | · | · | -6.1 | |
| EV / FCF | · | -345.0 | · | · | · | -347.7 | · | · | · | -927.4 | · | · | · | · | · | · | |
| EV / Revenue | 1.1 | 1.2 | · | 1.1 | 1.3 | 1.1 | · | 1.8 | 1.7 | 2.1 | · | 2.2 | 2.5 | · | · | 1.8 | |
| Earnings Yield | -21.0% | -19.9% | · | -37.2% | -16.4% | -15.3% | · | -13.5% | -3.1% | -2.6% | · | -17.4% | -10.9% | -11.3% | · | -13.4% | |
| Payout Ratio | · | -320.0% | · | · | · | 160.0% | · | · | · | 161.1% | · | · | · | · | · | · |
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 | $3.68B | $3.79B | $3.96B | $3.92B | $4.23B |
| Gross Margin % | 50.0% | 51.6% | 52.6% | 54.2% | 55.5% |
| Operating Margin % | -11.5% | -23.2% | -2.1% | -23.9% | 14.4% |
| Net Income | $-598M | $-910M | $-132M | $-950M | $411M |
| Diluted EPS | $-3.00 | $-4.48 | $-0.62 | $-4.41 | $1.87 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.7 | 0.9 | 0.6 | — | — |
| Current Ratio | 1.5 | 1.1 | 1.4 | — | — |
| Quick Ratio | 0.2 | 0.2 | 0.2 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $104M | $281M | $228M | $368M | $515M |
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Institutional owners (13F) 410 filers · $1.7B 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 |
|---|---|---|---|---|
| 68 (-21 vs prior Q) | 64 (+17 vs prior Q) | 131 (+2 vs prior Q) | 117 (+1 vs prior Q) | +1.6M |
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 |
|---|---|---|---|---|
| FULLER & THALER ASSET MANAGEMENT, INC. | $134,718,021 | 12,697,269 | 7.83% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $124,984,219 | 11,779,851 | 7.26% | Shares |
| STATE STREET CORP | $98,517,012 | 9,285,298 | 5.72% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $95,995,333 | 9,047,628 | 5.58% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $87,743,289 | 8,269,867 | 5.10% | Shares |
| ARIEL INVESTMENTS, LLC | $85,156,995 | 8,026,107 | 4.95% | Shares |
| Southpoint Capital Advisors LP | $74,270,000 | 7,000,000 | 4.31% | Shares |
| COOKE & BIELER LP | $60,858,058 | 5,735,915 | 3.54% | Shares |
| Invenomic Capital Management LP | $52,093,063 | 4,909,808 | 3.03% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $49,204,737 | 4,636,536 | 2.86% | Shares |
| EDMOND DE ROTHSCHILD HOLDING S.A. | $47,780,013 | 4,503,300 | 2.78% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $47,693,393 | 4,495,136 | 2.77% | Shares |
| Allianz Asset Management GmbH | $40,570,603 | 3,823,808 | 2.36% | Shares |
| ARMISTICE CAPITAL, LLC | $38,959,920 | 3,672,000 | 2.26% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $33,830,271 | 3,188,527 | 1.97% | Shares |
| Brickwood Asset Management LLP | $30,932,277 | 2,915,389 | 1.80% | Shares |
| NEUBERGER BERMAN GROUP LLC | $30,354,585 | 2,856,419 | 1.76% | Shares |
| Ranmore Fund Management Ltd | $27,586,000 | 2,600,000 | 1.60% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $26,692,776 | 2,515,813 | 1.55% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $26,214,403 | 2,470,726 | 1.52% | Shares |
| ATLANTIC INVESTMENT MANAGEMENT, INC. | $23,373,830 | 2,203,000 | 1.36% | Shares |
| Ninety One UK Ltd | $19,171,359 | 1,806,915 | 1.11% | Shares |
| D. E. Shaw & Co., Inc. | $17,980,152 | 1,694,642 | 1.04% | Shares |
| Great Hill Capital LLC | $17,213,505 | 1,622,385 | 1.00% | Shares |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | $17,183,850 | 1,619,590 | 1.00% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $16,836,310 | 1,586,834 | 0.98% | Shares |
| FMR LLC | $16,484,460 | 1,553,672 | 0.96% | Shares |
| CIBC WORLD MARKET INC. | $14,340,678 | 1,351,619 | 0.83% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $14,103,502 | 1,329,265 | 0.82% | Shares |
| GOLDMAN SACHS GROUP INC | $12,479,262 | 1,176,179 | 0.73% | Shares |
| HEARTLAND ADVISORS INC | $12,385,584 | 1,167,350 | 0.72% | Shares |
| SKBA CAPITAL MANAGEMENT LLC | $10,772,864 | 1,015,350 | 0.63% | Shares |
| MILLENNIUM MANAGEMENT LLC | $9,097,884 | 857,482 | 0.53% | Shares |
| First Eagle Investment Management, LLC | $9,032,792 | 851,347 | 0.52% | Shares |
| ROYCE & ASSOCIATES LP | $8,991,826 | 847,486 | 0.52% | Shares |
| Quantinno Capital Management LP | $8,938,050 | 842,417 | 0.52% | Shares |
| PARADIGM CAPITAL MANAGEMENT INC/NY | $8,488,000 | 800,000 | 0.49% | Shares |
| CITADEL ADVISORS LLC | $8,088,183 | 762,317 | 0.47% | Shares |
| CONTINENTAL ADVISORS LLC | $7,180,721 | 676,788 | 0.42% | Shares |
| Sound Income Strategies, LLC | $6,821,582 | 642,939 | 0.40% | Shares |
| Gotham Asset Management, LLC | $6,771,578 | 638,226 | 0.39% | Shares |
| RHUMBLINE ADVISERS | $6,449,070 | 607,832 | 0.37% | Shares |
| BANK OF AMERICA CORP /DE/ | $6,421,384 | 605,220 | 0.37% | Shares |
| Bank of New York Mellon Corp | $5,977,345 | 563,369 | 0.35% | Shares |
| ALLIANCEBERNSTEIN L.P. | $5,464,284 | 471,059 | 0.32% | Shares |
| RAYMOND JAMES FINANCIAL INC | $5,031,440 | 474,217 | 0.29% | Shares |
| BlackRock, Inc. | $4,935,666 | 465,190 | 0.29% | Shares |
| AMERICAN CENTURY COMPANIES INC | $4,890,064 | 460,892 | 0.28% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $4,802,807 | 452,668 | 0.28% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,770,097 | 449,585 | 0.28% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $4,671,358 | 440,279 | 0.27% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $4,642,469 | 437,556 | 0.27% | Shares |
| Dana Investment Advisors, Inc. | $4,603,679 | 433,900 | 0.27% | Shares |
| CITIGROUP INC | $4,474,332 | 421,709 | 0.26% | Shares |
| OSAIC HOLDINGS, INC. | $4,347,793 | 409,793 | 0.25% | Shares |
| Holocene Advisors, LP | $4,335,851 | 408,657 | 0.25% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $4,332,901 | 408,379 | 0.25% | Shares |
| Swiss National Bank | $4,253,549 | 400,900 | 0.25% | Shares |
| Bridgewater Associates, LP | $3,925,360 | 369,968 | 0.23% | Shares |
| FIFTH THIRD BANCORP | $3,698,306 | 348,568 | 0.21% | Shares |
| JANE STREET GROUP, LLC | $3,053,558 | 287,800 | 0.18% | Call option |
| Fiduciary Alliance LLC | $2,903,692 | 273,675 | 0.17% | Shares |
| JPMORGAN CHASE & CO | $2,795,747 | 258,387 | 0.16% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $2,691,560 | 232,031 | 0.16% | Shares |
| ARK Investment Management LLC | $2,499,058 | 235,538 | 0.15% | Shares |
| ALGERT GLOBAL LLC | $2,440,512 | 230,020 | 0.14% | Shares |
| MACKENZIE FINANCIAL CORP | $2,308,206 | 217,550 | 0.13% | Shares |
| UBS Group AG | $2,262,476 | 213,240 | 0.13% | Shares |
| MetLife Investment Management, LLC | $2,254,752 | 212,512 | 0.13% | Shares |
| Retirement Systems of Alabama | $2,198,339 | 207,195 | 0.13% | Shares |
| RBF Capital, LLC | $2,122,000 | 200,000 | 0.12% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,077,343 | 195,791 | 0.12% | Shares |
| CITADEL ADVISORS LLC | $2,049,852 | 193,200 | 0.12% | Put option |
| VANGUARD GROUP INC | $2,024,013 | 177,079 | 0.12% | Shares |
| GAMCO INVESTORS, INC. ET AL | $1,995,900 | 188,115 | 0.12% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,983,529 | 186,949 | 0.12% | Shares |
| Capricorn Fund Managers Ltd | $1,959,667 | 184,700 | 0.11% | Shares |
| Vanguard Global Advisers, LLC | $1,957,450 | 184,491 | 0.11% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $1,955,646 | 184,321 | 0.11% | Shares |
| Skylands Capital, LLC | $1,876,379 | 176,850 | 0.11% | Shares |
| IEQ CAPITAL, LLC | $1,872,835 | 176,516 | 0.11% | Shares |
| NORGES BANK | $1,857,800 | 175,099 | 0.11% | Shares |
| BRANDES INVESTMENT PARTNERS, LP | $1,798,862 | 169,544 | 0.10% | Shares |
| Villanova Investment Management Co LLC | $1,794,257 | 169,110 | 0.10% | Shares |
| TWO SIGMA ADVISERS, LP | $1,729,759 | 151,335 | 0.10% | Shares |
| AMERIPRISE FINANCIAL INC | $1,722,342 | 162,332 | 0.10% | Shares |
| Brevan Howard Capital Management LP | $1,703,160 | 160,524 | 0.10% | Shares |
| CAISSE DES DEPOTS ET CONSIGNATIONS | $1,677,664 | 158,121 | 0.10% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $1,668,500 | 154,921 | 0.10% | Shares |
| Graham Capital Management, L.P. | $1,652,232 | 155,724 | 0.10% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,621,208 | 152,800 | 0.09% | Call option |
| BNP PARIBAS FINANCIAL MARKETS | $1,563,384 | 147,350 | 0.09% | Shares |
| Main Street Financial Solutions, LLC | $1,538,450 | 145,000 | 0.09% | Shares |
| LPL Financial LLC | $1,514,113 | 142,706 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,471,607 | 138,700 | 0.09% | Put option |
| STATE OF WISCONSIN INVESTMENT BOARD | $1,455,851 | 137,215 | 0.08% | Shares |
| State of Tennessee, Department of Treasury | $1,392,743 | 131,267 | 0.08% | Shares |
| New Age Alpha Advisors, LLC | $1,383,671 | 130,412 | 0.08% | Shares |
| BARCLAYS PLC | $1,349,222 | 127,165 | 0.08% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,346,783 | 116,102 | 0.08% | Shares |
Company insiders 83 insiders · 38 officers · 30 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Daniel T Scavilla | President, CEO & Member of BOD | May 22, 2026 F | 157,754 | 0 | 0 | $0 |
| Simon D Campion | President, CEO | July 28, 2025 F | 239,838 | 0 | 0 | $0 |
| Donald M Casey Jr. | President & CEO | April 8, 2022 A | 215,505 | 0 | 0 | $0 |
| Gary K Kunkle JR | CHAIRMAN AND CEO | Nov. 13, 2006 M | 30,000 | 0 | 0 | $0 |
| Matthew E Garth | EVP & CFO | Oct. 10, 2025 A | 44,011 | 0 | 0 | $0 |
| Glenn Coleman | Executive VP & CFO | Oct. 11, 2024 A | 89,768 | 0 | 0 | $0 |
| Jorge M Gomez | EVP, CFO | April 8, 2022 A | 161,279 | 0 | 0 | $0 |
| Nicholas W Alexos | EVP, CFO | July 12, 2019 A | 33,969 | 0 | 0 | $0 |
| Ulrich Michel | Executive Vice President & CFO | Oct. 13, 2017 A | 78,147 | 0 | 0 | $0 |
| Robert J. Size | Interim President and COO | Feb. 23, 2018 M | 26,374 | 0 | 0 | $0 |
| Thomas L Whiting | PRESIDENT & C.O.O. | Dec. 13, 2005 A | 0 | 0 | 0 | $0 |
| Aldo Mariano Roberto Denti | EVP, Chief Commercial Officer | March 11, 2026 A | 59,524 | 0 | 0 | $0 |
| Kevin Czerney | VP, Chief Accounting Officer | March 11, 2026 A | 41,269 | 0 | 0 | $0 |
| Robert Anthony Johnson | SVP, Chief Supply Chain Office | March 4, 2026 A | 161,819 | 0 | 0 | $0 |
| Richard C Rosenzweig | EVP, Corp Dev, GC & Secretary | Oct. 10, 2025 A | 85,184 | 0 | 0 | $0 |
| Andreas G Frank | Exec VP/Chief Business Officer | Oct. 11, 2024 A | 119,865 | 0 | 0 | $0 |
| Richard M Wagner | VP, Chief Accounting Officer | July 12, 2024 A | 11,061 | 0 | 0 | $0 |
| Erania Brackett | SVP, Chief Marketing Officer | March 18, 2024 A | 39,891 | 0 | 0 | $0 |
| Lisa Yankie | Sr VP & Chief HR Officer | April 14, 2023 A | 89,153 | 0 | 0 | $0 |
| Cord Friedrich Staehler | SVP, Chief Technology Officer | April 14, 2023 A | 97,978 | 0 | 0 | $0 |
| John P Groetelaars | Interim Chief Executive Office | April 14, 2023 A | 148,174 | 0 | 0 | $0 |
| Cheree H Johnson | SVP,Chief Legal Ofcr, GC &Sec | Jan. 13, 2023 A | 83,059 | 0 | 0 | $0 |
| Ranjit S Chadha | Chief Accounting Officer | July 8, 2022 A | 2,755 | 0 | 0 | $0 |
| Chidambaram Alagappa Chidambaram | SVP, Chief Digital Officer | July 8, 2022 A | 30,312 | 0 | 0 | $0 |
| Walter Petersohn | Chief Commercial Officer | July 8, 2022 A | 28,698 | 0 | 0 | $0 |
| Matthew Coggin | SVP, Business Dev & Strategy | April 8, 2022 A | 30,618 | 0 | 0 | $0 |
| Keith J. Ebling | EVP, Secretary & Gen. Counsel | Nov. 19, 2021 G | 64,199 | 0 | 0 | $0 |
| William E Newell | Chief Segment Officer | June 4, 2020 S | 17,219 | 0 | 0 | $0 |
| Maureen J. Macinnis | Sr VP & Chief HR Officer | Oct. 11, 2019 A | 10,538 | 0 | 0 | $0 |
| Markus Boehringer | Sr Vice President, EMEA RCO | May 16, 2019 M | 26,949 | 0 | 0 | $0 |
| Henning Mueller | Group VP, Asia Pacific RCO | April 12, 2019 A | 9,699 | 0 | 0 | $0 |
| Dominique Legros | Sr VP Technologies & Equipment | July 13, 2018 A | 12,605 | 0 | 0 | $0 |
| Gregory Sheehan | Group VP, Americas RCO | April 13, 2018 A | 8,368 | 0 | 0 | $0 |
| Mark Thierer | Interim Chief Exec Officer | Feb. 26, 2018 F | 103,198 | 0 | 0 | $0 |
| Rainer Berthan | Exec VP, Mfg & Supply Chain | Oct. 13, 2017 A | 26,323 | 0 | 0 | $0 |
| McKinney Rachel P | Senior Vice President | July 9, 2007 A | 0 | 0 | 0 | $0 |
| Henrik J Roos | SENIOR VICE PRESIDENT | Nov. 10, 2006 M | 0 | 0 | 0 | $0 |
| Rudolph Lehner | SENIOR VICE PRESIDENT | May 15, 2006 A | 0 | 0 | 0 | $0 |
| Jonathan Jay Mazelsky | Director | June 30, 2026 A | 61,669 | 1 | 0 | $101,400 |
| Brian T Gladden | Director | June 15, 2026 P | 61,849 | 1 | 0 | $100,050 |
| Clyde Hosein | Director | June 15, 2026 P | 70,575 | 1 | 0 | $64,870 |
| Brian P Mckeon | Director | June 12, 2026 P | 10,000 | 1 | 0 | $101,200 |
| Michael J Barber | Director | June 11, 2026 P | 55,943 | 1 | 0 | $149,929 |
| Betsy D Holden | Director | June 11, 2026 P | 87,528 | 1 | 0 | $99,650 |
| Janet S. Vergis | Director | June 3, 2026 A | 67,324 | 0 | 0 | $0 |
| James D Forbes | Director | June 3, 2026 A | 38,887 | 2 | 0 | $129,750 |
| Donald Zurbay | Director | June 3, 2026 A | 29,693 | 0 | 0 | $0 |
| Gregory T Lucier | Director | June 3, 2026 G | 63,283 | 3 | 1 | $-21,822 |
| Leslie F Varon | Director | June 3, 2026 A | 80,364 | 1 | 0 | $99,999 |
| Willie A Deese | Director | Jan. 9, 2026 A | 57,748 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 74 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 |
|---|---|---|---|---|
| PRNT · ARK ETF Trust | 4.61% | 235,538 NS | April 30, 2026 | N-PORT |
| FLCV · Federated Hermes ETF Trust | 0.15% | 13,698 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.14% | 364,881 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.12% | 74,474 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.10% | 7,030 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.09% | 65,207 NS | May 31, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.08% | 270 NS | May 29, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.07% | 22,196 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.05% | 648,359 NS | April 30, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.05% | 3,304 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.05% | 6,897 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.04% | 962,662 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.04% | 91,834 NS | April 30, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.03% | 963 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.03% | 10,134 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.02% | 38,962 NS | April 30, 2026 | N-PORT |
| SFGV · EA Series Trust | 0.02% | 17,321 NS | May 29, 2026 | N-PORT |
| FNDX · SCHWAB STRATEGIC TRUST | 0.02% | 472,484 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.02% | 22,705 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 21,503 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 29,567 NS | April 30, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.01% | 2,165 NS | May 29, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 282,414 NS | April 30, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.01% | 3,214 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 71,488 NS | May 31, 2026 | N-PORT |
| GVUS · Goldman Sachs ETF Trust | 0.01% | 2,395 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 57,821 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 53,204 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 61,599 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 117,561 NS | May 31, 2026 | N-PORT |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 7,963 NS | May 31, 2026 | N-PORT |
| LSEQ · Harbor ETF Trust | -1.90% | -24,861 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | — | — | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | — | — | July 30, 2026 | Daily |
| IJH · iShares Trust | — | — | Aug. 18, 2026 | Daily |