ZD Ziff Davis, Inc. - Common Stock
$55.65
Price · Aug 18, 2026
Fundamentals as of Aug 7, 2026
52W Range
$22–$58
93% of range
Analyst Rating
BUY
13 analysts
Price Target
$64
+16% upside
P/E (TTM)
47.1
ROE
2.6%
Net Profit Margin
3.3%
About Ziff Davis, Inc. - Common Stock Company overview from Wikipedia
J2 Global, Inc. was an American technology holding company based in Los Angeles, California. The company provided Internet services through two divisions: Business Cloud Services and Digital Media.
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J2 Global, Inc. was an American technology holding company based in Los Angeles, California. The company provided Internet services through two divisions: Business Cloud Services and Digital Media.
History
J2 Global was founded in December 1995 as JFax.com by Jaye Muller and Jack Rieley. The company changed its registered name to J2 Global Communications, Inc. in August 2000, and again to J2 Global on December 7, 2011, dropping "Communications" from its official name to reflect "…expansion from phone-number-centric services…into complementary lines of non-phone-number-centric services."
On November 12, 2012, J2 Global launched its digital media division with the acquisition of digital publisher Ziff Davis for $167 million in cash. On February 4, 2013, J2 Global acquired IGN Entertainment from News Corporation. Terms of the IGN acquisition were not publicized.
On March 18, 2013, the company announced it had acquired MetroFax, a Bellevue, Washington, provider of Internet faxing services. On April 17, 2013, the company acquired Backup Connect BV, a Dutch provider of online backup services. On 19 November 2013, its media division Ziff Davis announced it acquired electronics aggregating website TechBargain.com.
In February 2014, J2 Global announced the acquisition of several companies: City Numbers, a UK-based worldwide provider of inbound toll-free numbers in over 80 countries; Livedrive, a UK-based provider of online backup; and Australian companies OzeFax and Faxmate. On 3 April 2014 J2 Global announced that it acquired Business Critical Software (also known as iCritical), a UK-based email security and management company. In July 2019, J2 Global acquired the SaferVPN brand, bringing its total number of consumer VPN services to five.
In April 2021, J2 Global announced its intent to spin off part of its cloud services business as a new publicly traded company known as Consensus, with the remainder of the company (consisting primarily of its media assets) being retained under the J2 Global name. It was later announced that J2 Global would be renamed Ziff Davis Inc. upon its completion of the spin-off: the transaction was approved by J2 Global's board in September 2021.
Brands and subsidiaries
The company operates two divisions; the "Business Cloud Services" division includes firms such as eFax, Onebox, eVoice, VIPRE, FuseMail, Campaigner, KeepItSafe, VaultLogix, Callstream, Yotta280, Mailout Interactive, GDV, BackUp Solutions, SugarSync, Nuvotera, UnityFax, Firstway Digital, Excel Micro, Web24 Group, MXSweep, City Numbers, IPVanish, Livedrive, Moz, MetroFax, FoneBox, TrustFax, RapidFax, Send2Fax, SFax, SRFax, and Fax.com. The company's digital media division, Ziff Davis, includes brands such as Mashable, PCMag, IGN and Everyday Health.
MyFax
MyFax is an Internet business communication tool launched by the Ottawa-based software company Protus IP Solutions in 2009.
An alternative to fax machines, it enables users to send and receive faxes from any location through the internet, as well as directly from Microsoft Office, Microsoft Outlook, and Microsoft Windows-based applications including Google Docs, OpenOffice.org, and Intuit QuickBooks. A program was released that allows for iPhone and BlackBerry applications to be fully compatible with smartphones.
Before its acquisition by J2 Global, MyFax had received a few favorable reviews including an Internet Telephony magazine product of the year for 2009.
On December 6, 2010, MyFax announced that it had been acquired by J2 Global Communications, Inc., owners of eFax, which subsequently imposed restrictive terms and conditions on the client's right to local number portability. Among the restrictions is a $40 US charge per number if J2 permits the number to be ported out; the company imposes many arbitrary restrictions on portability and has attempted to claim the numbers as its own property, in some cases imposing inflated penalties and unilaterally taking numbers back after they've been ported to another provider by clients.
StrongVPN
StrongVPN is a commercial VPN service owned by J2 Global. It was founded in 2005, and is one of the oldest VPN services. It supports various protocols, including IPsec, OpenVPN and WireGuard. It was acquired by J2 Global in 2019 from its former owner StackPath.
ZDNet described StrongVPN as "a clear and easy-to-use VPN ideal for coffee shop use". Meanwhile, Tom's Hardware considered it strong and simple but noted the lack of information on its no-log policy. PC World considered it "a good VPN for most people".
StrongVPN has not directly answered questions about logging, but they are able to match an IP address to a customer.
Awards
2012, InformationWeek 500 list of technology companies.
2013, ranked number 39 in Forbes' list of "America's Best Small Companies".
Litigation
J2 Global has filed patent litigation cases against several companies, including CallWave, Comodo, EasyLink Services International Corporation, OpenText, Packetel, Protus, Venali and Zayo Group. Some of the companies filed counterclaims, some of which alleged antitrust violations of Section 2 of the Sherman Act and California's Business and Professions Code §§ 16720 and 17200.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
ZD Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$55.65
Market Cap
$2.08B
P/E (TTM)
47.1
EPS (TTM)
$1.15
Revenue (TTM)
$1.45B
Div Yield
—
ROE
2.6%
Debt/Equity
0.5
52W Range
$22 – $58
ZD Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.45B
2016-12-31
→
2025-12-31
EPS
$1.15
2016-12-31
→
2025-12-31
Free Cash Flow
$288M
2016-12-31
→
2025-12-31
Margins
3.3%
2016-12-31
→
2021-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ZD
Peer Median
P/E (TTM)
47.1
32.3
P/S (TTM)
1.4
3.4
P/B
1.2
6.1
EV / EBITDA
5.7
—
Price / FCF
7.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ZD
Peer Median
Operating Margin
12.6%
—
Net Profit Margin
3.3%
5.5%
ROA
1.3%
3.8%
ROE
2.6%
5.2%
ROIC
4.8%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ZD
Peer Median
Debt / Equity
0.5
—
Current Ratio
1.3
1.8
Quick Ratio
1.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ZD
Peer Median
Revenue YoY
3.5%
—
Revenue CAGR 3Y
1.4%
—
Revenue CAGR 5Y
4.6%
—
EPS YoY
-19.0%
—
Net Income YoY
-24.9%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ZD
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 17, 2019 | $0.3957 |
| Feb. 22, 2019 | $0.3870 |
| Nov. 16, 2018 | $0.3783 |
| Aug. 17, 2018 | $0.3696 |
| May 17, 2018 | $0.3609 |
| Feb. 21, 2018 | $0.3522 |
| Nov. 16, 2017 | $0.3435 |
| Aug. 10, 2017 | $0.3348 |
| May 17, 2017 | $0.3261 |
| Feb. 17, 2017 | $0.3174 |
| Nov. 16, 2016 | $0.3087 |
| Aug. 15, 2016 | $0.3000 |
| May 16, 2016 | $0.2913 |
| Feb. 19, 2016 | $0.2826 |
| Nov. 13, 2015 | $0.2739 |
| Aug. 13, 2015 | $0.2678 |
| May 15, 2015 | $0.2609 |
| Feb. 19, 2015 | $0.2548 |
| Nov. 13, 2014 | $0.2478 |
| Aug. 14, 2014 | $0.2417 |
ZD Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 3 23.1%
- Buy 7 53.8%
- Hold 3 23.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-14
Median
$64.00
← Below all targets
$55.65
Low
$59.00
High
$75.00
Median target
$64.00
+15.0%
Mean target
$64.40
+15.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.07%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.03 | $0.89 | 0.14% |
| March 31, 2026 | $0.73 | $0.87 | -0.14% |
| Dec. 31, 2025 | $2.56 | $2.79 | -0.23% |
| Sept. 30, 2025 | $1.76 | $1.84 | -0.08% |
| June 30, 2025 | $1.24 | $1.22 | 0.02% |
| March 31, 2025 | $1.14 | $1.28 | -0.14% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ZD | $1.35B | 30.6 | 3.5% | 3.3% | 2.6% | — |
| RUM | — | — | — | — | — | — |
| CARG | — | 24.7 | 13.7% | 17.2% | 38.5% | 92.8% |
| PPLI | — | — | — | — | — | — |
| GRND | $2.51B | 31.5 | 27.6% | 21.5% | 80.7% | — |
| DJT | — | -4.7 | — | — | — | — |
| YELP | $1.82B | 13.6 | 3.8% | 9.9% | 20.0% | — |
| WBTN | $1.70B | -4.9 | 2.5% | -25.0% | -26.2% | — |
| TRIP | $1.67B | 47.0 | 3.0% | 2.1% | 6.3% | — |
| QNST | $920M | 201.2 | 78.3% | 0.43% | 2.0% | 10.1% |
| GTM | $3.13B | 26.8 | 2.9% | 9.9% | 8.1% | 84.0% |
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 | $1.45B | $1.40B | $1.36B | $1.39B | $1.42B | $1.16B | $1.05B | $1.21B | $1.12B | $874M | $721M | $599M | |
| Cost of Revenue | $207M | $200M | $186M | $185M | $188M | $178M | $187M | $201M | $172M | $147M | · | · | |
| Gross Profit | · | · | · | · | $1.23B | $980M | $863M | $1.01B | $946M | $727M | $598M | $493M | |
| R&D Expense | $62M | $67M | $69M | $74M | $79M | $57M | $45M | $48M | $46M | $38M | $34M | $31M | |
| SG&A Expense | $210M | $203M | $196M | $182M | $457M | $419M | $403M | $375M | $324M | $240M | $205M | $134M | |
| Operating Expenses | · | · | · | · | $1.06B | $842M | $775M | $762M | $700M | $485M | $398M | $307M | |
| Operating Income | $183M | $114M | $133M | $199M | $167M | $138M | $88M | $244M | $246M | $243M | $199M | $186M | |
| Interest Expense | $38M | $35M | $42M | $37M | $80M | $58M | $26M | $64M | $59M | $43M | $44M | $32M | |
| Other Non-op | $-6M | $5M | $-9M | $8M | $1M | $65.0K | $-2M | $-5M | $22M | $10M | $-5.0K | $165.0K | |
| Pretax Income | $81M | $93M | $75M | $131M | $351M | $78M | $55M | $178M | $200M | $211M | $157M | $155M | |
| Income Tax | $25M | $41M | $24M | $58M | $-14M | $38M | $14M | $45M | $61M | $59M | $23M | $30M | |
| Net Income | $47M | $63M | $42M | $64M | $497M | $151M | $219M | $129M | $139M | $152M | $134M | $124M | |
| EPS (Basic) | $1.16 | $1.42 | $0.89 | $1.36 | $10.81 | $3.24 | $4.52 | $2.64 | $2.89 | $3.15 | $2.76 | $2.60 | |
| EPS (Diluted) | $1.15 | $1.42 | $0.89 | $1.36 | $10.37 | $3.18 | $4.39 | $2.59 | $2.83 | $3.13 | $2.73 | $2.58 | |
| Shares (Basic) | 40,977,183 | 44,457,071 | 46,400,941 | 46,954,558 | 45,893,928 | 46,308,825 | 47,647,397 | 47,950,746 | 47,586,242 | 47,668,357 | 47,627,853 | 46,778,015 | |
| Shares (Diluted) | 41,098,514 | 44,519,693 | 46,464,261 | 47,025,849 | 47,862,745 | 47,115,609 | 49,025,684 | 48,927,791 | 48,669,027 | 47,963,226 | 48,087,760 | 47,106,538 | |
| EBITDA | $412M | $326M | $370M | $432M | $426M | $563M | $509M | $431M | $408M | $365M | $293M | $249M |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $574M | $506M | $738M | $653M | $695M | $176M | $576M | $209M | $351M | $124M | $256M | $434M | |
| Short-term Investments | · | $0 | $27M | $58M | $229M | $663.0K | $0 | · | · | $60.0K | $80M | $96M | |
| Receivables | $623M | $660M | $338M | $305M | $316M | $310M | $262M | $222M | $234M | $200M | $115M | $92M | |
| Prepaid Expense | $82M | $106M | $89M | $68M | $60M | $52M | $49M | $29M | $35M | $24M | $26M | $23M | |
| Current Assets | $1.37B | $1.27B | $1.19B | $1.08B | $1.30B | $623M | $887M | $460M | $620M | $348M | $483M | $646M | |
| PP&E (Net) | $162M | $197M | $188M | $178M | $161M | $132M | $128M | $99M | $80M | $68M | $57M | $38M | |
| PP&E (Gross) | $677M | $559M | $515M | $434M | $352M | $326M | $354M | $289M | $234M | $188M | $148M | $111M | |
| Accum. Depreciation | $382M | $362M | $327M | $256M | $191M | $194M | $226M | $190M | $154M | $120M | $90M | $73M | |
| Goodwill | $1.35B | $1.58B | $1.55B | $1.59B | $1.53B | $1.52B | $1.31B | $1.38B | $1.20B | $1.12B | $808M | $636M | |
| Intangibles | $338M | $426M | $325M | $463M | $573M | $697M | $525M | $495M | $453M | $479M | $320M | $279M | |
| Other Non-current Assets | $25M | $63M | $71M | $80M | $76M | $16M | $16M | $11M | $13M | $6M | $5M | $13M | |
| Total Assets | $3.66B | $3.70B | $3.47B | $3.53B | $3.77B | $3.67B | $3.51B | $2.56B | $2.45B | $2.06B | $1.78B | $1.71B | |
| Accounts Payable | $145M | $164M | $123M | $121M | $131M | $198M | $238M | $167M | $170M | $178M | $114M | $95M | |
| Current Liabilities | $1.07B | $900M | $432M | $432M | $497M | $883M | $833M | $307M | $265M | $454M | $197M | $159M | |
| Capital Leases | $18M | $22M | $17M | $34M | $54M | $74M | $104M | $0 | · | $0 | $148.0K | $141.0K | |
| Deferred Tax | $41M | $46M | $46M | $79M | $109M | $157M | $107M | $69M | $38M | $40M | $44M | $62M | |
| Other Non-current Liabilities | $33M | $48M | $47M | $69M | $91M | $41M | $10M | $51M | $31M | $3M | $18M | $22M | |
| Total Liabilities | $1.91B | $1.89B | $1.58B | $1.64B | $1.80B | $2.45B | $2.19B | $1.53B | $1.43B | $1.15B | $894M | $885M | |
| Long-term Debt | $866M | $864M | $1.00B | $999M | $1.09B | $1.58B | $1.45B | $1.01B | $1.00B | $602M | $592M | $593M | |
| Total Debt | $866M | $864M | $1.00B | $999M | $1.09B | $1.58B | $1.45B | $1.01B | $1.00B | $602M | $601M | $593M | |
| Common Stock | $384.0K | $428.0K | $461.0K | $473.0K | $474.0K | $443.0K | $476.0K | $481.0K | $479.0K | $474.0K | $479.0K | $474.0K | |
| Paid-in Capital | $473M | $492M | $472M | $440M | $509M | $456M | $466M | $354M | $326M | $308M | $292M | $273M | |
| Retained Earnings | $1.34B | $1.40B | $1.49B | $1.54B | $1.52B | $809M | $892M | $770M | $723M | $660M | $627M | $554M | |
| Treasury Stock | · | · | · | $0 | · | · | $0 | $43M | $0 | · | · | · | |
| AOCI | $-57M | $-82M | $-72M | $-85M | $-57M | $-55M | $-46M | $-46M | $-29M | $-55M | $-29M | $-7M | |
| Stockholders' Equity | $1.75B | $1.81B | $1.89B | $1.89B | $1.97B | $1.21B | $1.31B | $1.04B | $1.02B | $915M | $890M | $820M | |
| Liabilities + Equity | $3.66B | $3.70B | $3.47B | $3.53B | $3.77B | $3.67B | $3.51B | $2.56B | $2.45B | $2.06B | $1.78B | $1.71B | |
| Shares Outstanding | 38,376,859 | 42,848,339 | 46,078,464 | 47,269,446 | 47,440,137 | 44,346,630 | 47,654,929 | 47,482,800 | 47,854,510 | 47,443,716 | 47,950,677 | 47,409,514 |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $229M | $212M | $237M | $233M | $258M | $229M | $232M | $187M | $162M | $122M | $93M | $63M | |
| Stock-based Comp | $45M | $41M | $32M | $27M | $25M | $24M | $24M | $28M | $23M | $14M | $12M | $9M | |
| Deferred Tax | $4M | $-19M | $-30M | $-13M | $-21M | $307.0K | $-8M | $25M | $-21M | $-14M | $-17M | $-10M | |
| Amort. of Intangibles | $122M | $118M | $145M | $157M | $186M | $156M | $174M | $146M | $129M | $95M | $74M | $47M | |
| Other Non-cash | $82M | $93M | $40M | $26M | $-242M | $71M | $1M | $32M | $-38M | $8M | $8M | $-9M | |
| Operating Cash Flow | $407M | $390M | $320M | $336M | $517M | $480M | $413M | $401M | $264M | $282M | $229M | $177M | |
| CapEx | $119M | $107M | $109M | $106M | $114M | $93M | $71M | $56M | $40M | $25M | $17M | $12M | |
| Investing Cash Flow | $-146M | $-297M | $-127M | $-221M | $59M | $-586M | $-505M | $-407M | $-158M | $-449M | $-336M | $-275M | |
| Debt Issued | · | · | · | · | · | $750M | $550M | $0 | $650M | $0 | $0 | $402M | |
| Net Debt Issued | $0 | $-135M | $0 | $-167M | $-512M | $100M | $545M | $-2M | $381M | $0 | $0 | $402M | |
| Stock Repurchased | $174M | $185M | $109M | $78M | $78M | $276M | $21M | $47M | $10M | $56M | $4M | $6M | |
| Net Stock Activity | $-174M | $-185M | $-109M | $-78M | $-78M | $-276M | $-21M | $-47M | $-10M | $-56M | $-4M | $-6M | |
| Dividends Paid | · | · | · | · | $0 | $0 | $44M | $83M | $73M | $66M | $59M | $52M | |
| Financing Cash Flow | $-170M | $-321M | $-115M | $-141M | $-113M | $-235M | $457M | $-131M | $112M | $41M | $-67M | $328M | |
| Net Change in Cash | $101M | $-232M | $85M | $-42M | $452M | $-333M | $366M | $-141M | $227M | $-132M | $-178M | $226M | |
| Taxes Paid | $49M | $69M | $65M | $60M | $61M | $45M | $46M | $38M | $51M | $37M | $42M | $50M | |
| Free Cash Flow | $288M | $284M | $211M | $230M | $403M | $388M | $342M | $345M | $225M | $258M | $212M | $165M | |
| Levered FCF | $262M | $264M | $183M | $210M | $320M | $293M | $265M | $297M | $184M | $227M | $175M | $139M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | 86.7% | 84.4% | 82.7% | 83.4% | 84.6% | 83.2% | 82.9% | 82.3% | |
| Operating Margin | 12.6% | 8.1% | 9.7% | 14.3% | 11.8% | 22.5% | 20.2% | 20.2% | 22.0% | 27.8% | 27.7% | 31.1% | |
| Net Margin | 3.3% | 4.5% | 3.0% | 4.6% | 35.1% | 10.1% | 16.0% | 10.7% | 12.5% | 17.4% | 18.5% | 20.8% | |
| Pretax Margin | 5.6% | 6.7% | 5.5% | 9.4% | 24.8% | 15.5% | 14.5% | 14.7% | 17.9% | 24.2% | 21.8% | 25.9% | |
| EBITDA Margin | 28.4% | 23.2% | 27.1% | 31.1% | 30.0% | 37.8% | 37.1% | 35.7% | 36.5% | 41.7% | 40.6% | 41.6% | |
| ROA | 1.3% | 1.8% | 1.2% | 1.8% | 13.4% | 4.2% | 7.2% | 5.1% | 6.2% | 7.9% | 7.6% | 8.7% | |
| ROE | 2.6% | 3.5% | 2.2% | 3.5% | 29.8% | 12.6% | 18.3% | 12.4% | 14.4% | 16.9% | 15.6% | 16.3% | |
| ROIC | 4.8% | 2.4% | 3.1% | 3.8% | 5.7% | 8.4% | 11.0% | 8.9% | 8.5% | 11.5% | 11.4% | 10.6% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.4 | 2.8 | 2.5 | 2.6 | 0.7 | 1.1 | 1.5 | 2.3 | 0.8 | 2.5 | 4.1 | |
| Quick Ratio | 1.2 | 1.3 | 2.6 | 2.3 | 2.5 | 0.6 | 1.0 | 1.4 | 2.2 | 0.7 | 2.3 | 3.9 | |
| Debt / Equity | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 1.3 | 1.1 | 1.0 | 1.0 | 0.7 | 0.7 | 0.7 | |
| LT Debt / Equity | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 1.0 | 0.8 | 1.0 | 1.0 | 0.7 | 0.7 | 0.7 | |
| Interest Coverage | 4.9 | 3.2 | 3.2 | 5.4 | 2.1 | 2.5 | 3.9 | 3.8 | 4.2 | 5.7 | 4.6 | 5.7 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | |
| Receivables Turnover | 2.2 | 2.8 | 4.2 | 4.5 | 4.5 | 5.1 | 5.7 | 5.3 | 5.2 | 5.6 | 7.0 | 7.5 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.5% | 2.8% | -1.9% | -1.8% | 22.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 1.4% | -0.35% | 5.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 4.6% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -19.0% | 59.6% | -34.6% | -86.9% | 226.1% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -5.4% | -48.5% | -34.6% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -18.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -24.9% | 51.9% | -34.9% | -87.2% | 229.7% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -9.4% | -49.7% | -34.9% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -20.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.45B | $1.40B | $1.36B | $1.39B | $1.42B | $1.16B | $1.05B | $1.21B | $1.12B | $874M | $721M | $599M | |
| Net Income TTM | $47M | $63M | $42M | $64M | $497M | $151M | $219M | $129M | $139M | $152M | $134M | $124M | |
| Market Cap | $1.35B | $2.33B | $3.10B | $3.74B | $5.26B | $3.77B | $3.88B | $2.86B | $3.12B | $3.37B | $3.43B | $2.56B | |
| Enterprise Value | $1.61B | $2.69B | $3.33B | $4.03B | $5.43B | $5.10B | $4.76B | $3.67B | $3.77B | $3.85B | $3.70B | $2.62B | |
| P/E | 30.6 | 38.3 | 75.5 | 58.2 | 10.7 | 26.7 | 18.6 | 23.3 | 23.1 | 22.7 | 26.2 | 20.9 | |
| P/S | 0.9 | 1.7 | 2.3 | 2.7 | 3.7 | 3.3 | 3.7 | 2.4 | 2.8 | 3.9 | 4.8 | 4.3 | |
| P/B | 0.8 | 1.3 | 1.6 | 2.0 | 2.7 | 3.1 | 3.0 | 2.8 | 3.1 | 3.7 | 3.9 | 3.1 | |
| P / Tangible Book | 19.7 | · | 143.8 | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 3.3 | 6.0 | 9.7 | 11.1 | 10.2 | 7.8 | 9.4 | 7.1 | 11.8 | 12.0 | 15.0 | 14.4 | |
| P / FCF | 4.7 | 8.2 | 14.7 | 16.2 | 13.1 | 9.7 | 11.4 | 8.3 | 13.9 | 13.1 | 16.2 | 15.5 | |
| EV / EBITDA | 3.9 | 8.3 | 9.0 | 9.3 | 12.7 | 9.1 | 9.3 | 8.5 | 9.3 | 10.6 | 12.6 | 10.5 | |
| EV / FCF | 5.6 | 9.5 | 15.8 | 17.5 | 13.5 | 13.2 | 13.9 | 10.6 | 16.8 | 15.0 | 17.5 | 15.8 | |
| EV / Revenue | 1.1 | 1.9 | 2.4 | 2.9 | 3.8 | 4.4 | 4.5 | 3.0 | 3.4 | 4.4 | 5.1 | 4.4 | |
| Dividend Yield | · | · | · | · | 0.00% | 0.00% | 1.1% | 2.9% | 2.4% | 1.9% | 1.7% | 2.0% | |
| Earnings Yield | 3.3% | 2.6% | 1.3% | 1.7% | 9.3% | 3.7% | 5.4% | 4.3% | 4.3% | 4.4% | 3.8% | 4.8% | |
| Payout Ratio | · | · | · | · | 0.00% | 0.00% | 19.9% | 63.5% | 52.7% | 43.2% | 44.0% | 42.0% | |
| Annual Payout | · | · | · | · | $0 | $0 | $44M | $83M | $73M | $66M | $59M | $52M |
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 | $287M | $268M | $407M | $364M | $295M | $273M | $413M | $354M | $321M | $314M | $390M | $341M | $326M | $307M | $397M | $342M | |
| Cost of Revenue | $46M | $44M | $57M | $53M | $41M | $40M | $53M | $51M | $50M | $46M | $37M | $56M | $47M | $46M | $40M | $53M | |
| Gross Profit | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $289M | |
| R&D Expense | $14M | $14M | $14M | $15M | $14M | $14M | $18M | $15M | $17M | $18M | $16M | $18M | $18M | $18M | $18M | $18M | |
| SG&A Expense | $47M | $47M | $55M | $54M | $49M | $43M | $53M | $52M | $49M | $50M | $-107M | $99M | $102M | $101M | $-118M | $96M | |
| Operating Expenses | · | · | · | · | · | · | · | · | · | · | · | · | · | $281M | · | $260M | |
| Operating Income | $-45M | $3M | $86M | $28M | $14M | $14M | $79M | $-29M | $29M | $36M | $81M | $-13M | $39M | $26M | $93M | $29M | |
| Other Non-op | $-586.0K | $688.0K | $-1M | $4M | $-2M | $-1M | $2M | $-3M | $5M | $-104.0K | $-3M | $-4M | $-2M | $-908.0K | $-5M | $4M | |
| Pretax Income | $-51M | $-3M | $20M | $9M | $9M | $7M | $75M | $-36M | $35M | $20M | $76M | $-26M | $24M | $939.0K | $92M | $39M | |
| Income Tax | $941.0K | $3M | $-204.0K | $13M | $-69.0K | $4M | $14M | $13M | $7M | $8M | $13M | $5M | $6M | $-616.0K | $25M | $18M | |
| Net Income | $624M | $22M | $370.0K | $-4M | $26M | $24M | $64M | $-49M | $37M | $11M | $63M | $-31M | $17M | $-8M | $67M | $18M | |
| EPS (Basic) | $17.16 | $0.59 | $0.05 | $-0.09 | $0.63 | $0.57 | $1.49 | $-1.11 | $0.81 | $0.23 | $1.36 | $-0.67 | $0.36 | $-0.16 | $1.44 | $0.39 | |
| EPS (Diluted) | $17.16 | $0.59 | $0.06 | $-0.09 | $0.63 | $0.57 | $1.53 | $-1.11 | $0.77 | $0.23 | $1.36 | $-0.67 | $0.36 | $-0.16 | $1.45 | $0.39 | |
| Shares (Basic) | 36,381,271 | 37,597,190 | -83,872,336 | 40,558,629 | 41,732,800 | 42,558,090 | -90,819,929 | 43,924,158 | 45,492,809 | 45,860,033 | -93,447,205 | 46,062,097 | 46,798,800 | 46,987,249 | -93,950,459 | 46,871,897 | |
| Shares (Diluted) | 36,381,271 | 37,597,190 | -86,775,688 | 40,558,629 | 41,750,114 | 42,768,678 | -96,024,942 | 43,924,158 | 50,665,112 | 45,955,365 | -93,383,885 | 46,062,097 | 46,798,800 | 46,987,249 | -99,230,074 | 46,871,897 | |
| EBITDA | $-45M | · | · | $28M | $33M | $91M | · | $-29M | $29M | $84M | · | $-13M | $39M | $81M | · | $29M |
Balance Sheet 28
| 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 | $1.61B | $520M | $607M | $503M | $457M | $431M | $506M | $386M | $687M | $735M | · | $661M | $679M | $722M | · | $622M | |
| Short-term Investments | · | · | · | · | · | · | · | $0 | $0 | $16M | · | $30M | $36M | $39M | · | $55M | |
| Receivables | $419M | $397M | $667M | $473M | $523M | $518M | $660M | $471M | $450M | $447M | · | $291M | $286M | $278M | · | $232M | |
| Prepaid Expense | $60M | $83M | $96M | $148M | $122M | $123M | $106M | $94M | $94M | $95M | · | $82M | $74M | $68M | · | $66M | |
| Current Assets | $2.08B | $1.44B | $1.37B | $1.12B | $1.10B | $1.07B | $1.27B | $951M | $1.23B | $1.29B | · | $1.06B | $1.07B | $1.11B | · | $975M | |
| PP&E (Net) | $171M | $167M | $213M | $208M | $204M | $198M | $197M | $197M | $192M | $191M | · | $186M | $192M | $187M | · | $171M | |
| PP&E (Gross) | · | · | $677M | · | · | · | $559M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $419M | $400M | $464M | $443M | $419M | $390M | $362M | $348M | $334M | $347M | · | $308M | $296M | $277M | · | · | |
| Goodwill | $1.29B | $1.34B | $1.61B | $1.61B | $1.62B | $1.60B | $1.58B | $1.57B | $1.63B | $1.62B | $1.55B | $1.54B | $1.60B | $1.60B | $1.59B | $1.58B | |
| Intangibles | $294M | $314M | $344M | $375M | $398M | $416M | $426M | $471M | $386M | $401M | · | $368M | $402M | $433M | · | $498M | |
| Other Non-current Assets | $52M | $28M | $29M | $36M | $48M | $56M | $63M | $66M | $67M | $69M | · | $77M | $78M | $78M | · | $32M | |
| Total Assets | $4.00B | $3.39B | $3.66B | $3.48B | $3.52B | $3.52B | $3.70B | $3.42B | $3.66B | $3.73B | · | $3.38B | $3.47B | $3.53B | · | $3.43B | |
| Accounts Payable | $146M | $122M | $151M | $148M | $140M | $141M | $164M | $371M | $368M | $360M | · | $128M | $127M | $144M | · | $213M | |
| Current Liabilities | $963M | $864M | $1.07B | $698M | $693M | $705M | $900M | $667M | $644M | $663M | · | $419M | $436M | $441M | · | $416M | |
| Capital Leases | · | · | $18M | · | · | · | $22M | · | · | · | · | · | · | · | · | $38M | |
| Deferred Tax | $21M | $30M | $41M | $45M | $40M | $44M | $46M | $54M | $66M | $65M | · | · | · | · | · | · | |
| Other Non-current Liabilities | $32M | $34M | $37M | $39M | $42M | $44M | $48M | $75M | $74M | $79M | · | $91M | $95M | $115M | · | $37M | |
| Total Liabilities | $1.76B | $1.67B | $1.91B | $1.68B | $1.68B | $1.69B | $1.89B | $1.67B | $1.79B | $1.83B | · | $1.58B | $1.61B | $1.63B | · | $1.64B | |
| Long-term Debt | $868M | $867M | $866M | · | · | · | $864M | · | · | · | · | · | · | · | · | $998M | |
| Total Debt | $868M | · | · | $866M | $865M | $865M | · | $864M | $1.00B | $1.00B | · | $1.00B | $1.00B | $1000M | · | $998M | |
| Common Stock | $350.0K | $374.0K | $384.0K | $400.0K | $412.0K | $422.0K | $428.0K | $427.0K | $447.0K | $461.0K | · | $460.0K | $464.0K | $473.0K | · | $472.0K | |
| Paid-in Capital | $436M | $454M | $473M | $483M | $484M | $485M | $492M | $480M | $476M | $476M | · | $463M | $449M | $445M | · | $432M | |
| Retained Earnings | $1.87B | $1.33B | $1.34B | $1.37B | $1.41B | $1.41B | $1.40B | $1.34B | $1.47B | $1.50B | · | $1.43B | $1.49B | $1.53B | · | $1.47B | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | · | · | · | |
| AOCI | $-67M | $-65M | $-57M | $-59M | $-52M | $-71M | $-82M | $-63M | $-78M | $-78M | · | $-86M | $-80M | $-81M | · | $-109M | |
| Stockholders' Equity | $2.24B | $1.72B | $1.75B | $1.80B | $1.84B | $1.82B | $1.81B | $1.75B | $1.87B | $1.90B | $1.89B | $1.80B | $1.86B | $1.89B | $1.89B | $1.79B | |
| Liabilities + Equity | $4.00B | $3.39B | $3.66B | $3.48B | $3.52B | $3.52B | $3.70B | $3.42B | $3.66B | $3.73B | · | $3.38B | $3.47B | $3.53B | · | $3.43B | |
| Shares Outstanding | 34,962,853 | 37,387,662 | 38,376,859 | 39,993,208 | 41,168,057 | 42,230,734 | 42,848,339 | 42,740,848 | 44,740,322 | 46,134,708 | 46,078,464 | 45,984,858 | 46,402,143 | 47,286,093 | 47,269,446 | 47,189,907 |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $47M | $50M | $58M | $57M | $58M | $56M | $60M | $51M | $52M | $48M | $70M | $56M | $57M | $55M | $59M | $56M | |
| Stock-based Comp | $13M | $11M | $11M | $12M | $12M | $10M | $10M | $10M | $12M | $9M | $8M | $7M | $9M | $8M | $6M | $6M | |
| Deferred Tax | $-10M | $-12M | $3M | $8M | $-8M | $548.0K | $-4M | $-7M | $-5M | $-3M | $-4M | $-7M | $-11M | $-7M | $561.0K | $-3M | |
| Amort. of Intangibles | $26M | $24M | $31M | $31M | $30M | $28M | $35M | $28M | $28M | $26M | $43M | $33M | $35M | $33M | $37M | $36M | |
| Other Non-cash | · | · | · | · | · | $-70M | · | · | · | $10M | · | · | · | $67M | · | · | |
| Operating Cash Flow | $89M | $30M | $191M | $138M | $57M | $21M | $158M | $106M | $51M | $76M | $92M | $73M | $40M | $115M | $43M | $101M | |
| CapEx | $35M | $33M | $33M | $30M | $30M | $26M | $27M | $26M | $26M | $28M | $26M | $27M | $25M | $30M | $25M | $27M | |
| Investing Cash Flow | $1.09B | $-33M | $-29M | $-45M | $-7M | $-65M | $-33M | $-181M | $-12M | $-71M | $-23M | $-39M | $-27M | $-39M | $-21M | $-39M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | |
| Stock Repurchased | $121M | $52M | $61M | $44M | $34M | $35M | $1M | $96M | $84M | $4M | $1M | $45M | $60M | $3M | $2M | $200.0K | |
| Net Stock Activity | · | · | · | · | · | $-35M | · | · | · | $-4M | · | · | · | $-3M | · | · | |
| Financing Cash Flow | $-120M | $-53M | $-59M | $-45M | $-32M | $-35M | $2M | $-231M | $-85M | $-6M | $2M | $-52M | $-55M | $-9M | $997.0K | $-80M | |
| Net Change in Cash | $1.06B | $-61M | $104M | $46M | $26M | $-75M | $120M | $-301M | $-48M | $-3M | $77M | $-18M | $-42M | $69M | $31M | $-26M | |
| Taxes Paid | $7M | $4M | $3M | $6M | $31M | $9M | $19M | $14M | $29M | $7M | $18M | $17M | $25M | $5M | $28M | $16M | |
| Free Cash Flow | · | · | · | · | · | $-5M | · | · | · | $47M | · | · | · | $85M | · | · |
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 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 84.6% | |
| Operating Margin | -15.6% | · | · | 7.8% | 9.5% | 10.7% | · | -8.3% | 8.9% | 11.4% | · | -3.9% | 11.9% | 8.6% | · | 8.5% | |
| Net Margin | 217.8% | · | · | -0.99% | 7.5% | 7.4% | · | -13.7% | 11.5% | 3.4% | · | -9.1% | 5.1% | -2.5% | · | 5.3% | |
| Pretax Margin | -17.8% | · | · | 2.5% | 7.2% | 8.0% | · | -10.2% | 10.9% | 6.2% | · | -7.5% | 7.3% | 0.31% | · | 11.6% | |
| EBITDA Margin | -15.6% | · | · | 7.8% | 9.5% | 27.7% | · | -8.3% | 8.9% | 26.8% | · | -3.9% | 11.9% | 26.4% | · | 8.5% | |
| ROA | 16.6% | · | · | -0.10% | 0.73% | 0.67% | · | -1.4% | 1.0% | 0.29% | · | -0.91% | 0.48% | -0.21% | · | 0.50% | |
| ROE | 30.6% | · | · | -0.20% | 1.4% | 1.3% | · | -2.7% | 2.0% | 0.56% | · | -1.7% | 0.91% | -0.41% | · | 1.1% | |
| ROIC | -1.5% | · | · | -0.42% | 1.0% | 0.88% | · | -1.5% | 0.80% | 0.71% | · | -0.57% | 0.99% | 1.5% | · | 0.56% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.2 | · | · | 1.6 | 1.6 | 1.5 | · | 1.4 | 1.9 | 1.9 | · | 2.5 | 2.5 | 2.5 | · | 2.3 | |
| Quick Ratio | 2.1 | · | · | 1.4 | 1.4 | 1.3 | · | 1.3 | 1.8 | 1.8 | · | 2.3 | 2.3 | 2.4 | · | 2.2 | |
| Debt / Equity | 0.4 | · | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.5 | 0.5 | · | 0.6 | |
| LT Debt / Equity | 0.3 | · | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.5 | 0.5 | · | 0.6 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | · | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 0.6 | · | · | 0.8 | 0.7 | 0.7 | · | 0.9 | 0.9 | 0.9 | · | 1.3 | 1.2 | 1.1 | · | 1.4 |
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 | $1.21B | $1.26B | · | $1.40B | $1.36B | $1.32B | · | $1.33B | $1.30B | $1.29B | · | $1.32B | $1.31B | $1.30B | · | $1.40B | |
| Net Income TTM | $669M | $69M | · | $-2M | $39M | $23M | · | $-32M | $33M | $-11M | · | $-4M | $-19M | $-11M | · | $357M | |
| Market Cap | $1.83B | · | · | $1.52B | $1.25B | $1.59B | · | $2.08B | $2.46B | $2.91B | · | $2.93B | $3.25B | $3.69B | · | $3.23B | |
| Enterprise Value | $1.09B | · | · | $1.89B | $1.65B | $2.02B | · | $2.56B | $2.78B | $3.16B | · | $3.24B | $3.54B | $3.93B | · | $3.55B | |
| P/E | 2.9 | 24.8 | · | -1905.0 | 36.0 | 83.5 | · | -62.4 | 79.8 | -262.7 | · | -796.1 | -175.2 | -312.2 | · | 9.3 | |
| P/S | 1.5 | · | · | 1.1 | 0.9 | 1.2 | · | 1.6 | 1.9 | 2.3 | · | 2.2 | 2.5 | 2.8 | · | 2.3 | |
| P/B | 0.8 | · | · | 0.8 | 0.7 | 0.9 | · | 1.2 | 1.3 | 1.5 | · | 1.6 | 1.7 | 1.9 | · | 1.8 | |
| P / Tangible Book | 2.8 | 24.7 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | · | · | · | · | 77.0 | · | · | · | 38.5 | · | · | · | 32.0 | · | · | |
| P / FCF | · | · | · | · | · | -317.0 | · | · | · | 61.3 | · | · | · | 43.3 | · | · | |
| EV / EBITDA | -24.4 | 36.3 | · | 66.4 | 49.4 | 22.2 | · | -87.3 | 97.2 | 37.5 | · | -243.2 | 90.9 | 48.6 | · | 122.4 | |
| EV / FCF | · | · | · | · | · | -403.7 | · | · | · | 66.6 | · | · | · | 46.1 | · | · | |
| EV / Revenue | 0.9 | · | · | 1.3 | 1.2 | 1.5 | · | 1.9 | 2.1 | 2.5 | · | 2.5 | 2.7 | 3.0 | · | 2.5 | |
| Earnings Yield | 34.9% | 4.0% | · | -0.05% | 2.8% | 1.2% | · | -1.6% | 1.2% | -0.38% | · | -0.13% | -0.57% | -0.32% | · | 10.7% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $1.45B | $1.40B | $1.36B | $1.39B | $1.42B |
| Gross Margin % | — | — | — | — | 86.7% |
| Operating Margin % | 12.6% | 8.1% | 9.7% | 14.3% | 11.8% |
| Net Income | $47M | $63M | $42M | $64M | $497M |
| Diluted EPS | $1.15 | $1.42 | $0.89 | $1.36 | $10.37 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 |
| Current Ratio | 1.3 | 1.4 | 2.8 | 2.5 | 2.6 |
| Quick Ratio | 1.2 | 1.3 | 2.6 | 2.3 | 2.5 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $288M | $284M | $211M | $230M | $403M |
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Institutional owners (13F) 288 filers · $1.3B 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 |
|---|---|---|---|---|
| 53 (+6 vs prior Q) | 45 (+3 vs prior Q) | 66 (-10 vs prior Q) | 98 (-8 vs prior Q) | +4.3M |
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 |
|---|---|---|---|---|
| Pale Fire Capital SE | $139,333,213 | 2,660,554 | 10.75% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $114,736,019 | 2,190,873 | 8.85% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $111,535,741 | 2,129,764 | 8.60% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $86,751,219 | 1,656,506 | 6.69% | Shares |
| STATE STREET CORP | $84,700,567 | 1,617,349 | 6.53% | Shares |
| FIRST TRUST ADVISORS LP | $53,037,141 | 1,012,739 | 4.09% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $43,531,136 | 831,058 | 3.36% | Shares |
| RICE HALL JAMES & ASSOCIATES, LLC | $43,021,746 | 821,496 | 3.32% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $39,112,430 | 746,848 | 3.02% | Shares |
| AMERICAN CENTURY COMPANIES INC | $35,139,170 | 670,979 | 2.71% | Shares |
| Varde Management, L.P. | $32,680,346 | 624,028 | 2.52% | Shares |
| CastleKnight Management LP | $31,225,822 | 596,254 | 2.41% | Shares |
| D. E. Shaw & Co., Inc. | $31,052,058 | 592,936 | 2.39% | Shares |
| BRAVE ASSET MANAGEMENT INC | $24,628,668 | 470,282 | 1.90% | Shares |
| Allianz Asset Management GmbH | $23,846,784 | 455,352 | 1.84% | Shares |
| GOLDMAN SACHS GROUP INC | $23,839,348 | 455,210 | 1.84% | Shares |
| CDAM (UK) Ltd | $23,749,900 | 453,502 | 1.83% | Shares |
| Whitefort Capital Management, LP | $21,911,032 | 418,389 | 1.69% | Shares |
| GLENMEDE TRUST CO NA | $13,949,377 | 266,362 | 1.08% | Shares |
| MONIMUS CAPITAL MANAGEMENT, LP | $13,172,469 | 251,527 | 1.02% | Shares |
| Converium Capital Inc. | $13,092,500 | 250,000 | 1.01% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $12,753,195 | 243,521 | 0.98% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $12,738,217 | 243,235 | 0.98% | Shares |
| Glenmede Investment Management, LP | $12,548,920 | 329,368 | 0.97% | Shares |
| Cambria Investment Management, L.P. | $11,614,252 | 221,773 | 0.90% | Shares |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | $10,275,884 | 196,217 | 0.79% | Shares |
| VANGUARD GROUP INC | $8,911,685 | 253,533 | 0.69% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $8,421,096 | 160,800 | 0.65% | Call option |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $7,577,154 | 144,685 | 0.58% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $7,259,739 | 138,624 | 0.56% | Shares |
| Quantinno Capital Management LP | $6,936,406 | 132,450 | 0.53% | Shares |
| Nuveen Asset Management, LLC | $6,763,482 | 124,466 | 0.52% | Shares |
| Public Sector Pension Investment Board | $6,625,486 | 126,513 | 0.51% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,720,585 | 109,234 | 0.44% | Shares |
| Verition Fund Management LLC | $5,519,798 | 105,400 | 0.43% | Call option |
| Edgestream Partners, L.P. | $5,379,551 | 102,722 | 0.41% | Shares |
| CastleKnight Management LP | $5,237,000 | 100,000 | 0.40% | Call option |
| RHUMBLINE ADVISERS | $4,963,083 | 94,770 | 0.38% | Shares |
| JANUS HENDERSON GROUP PLC | $4,487,370 | 106,944 | 0.35% | Shares |
| CITADEL ADVISORS LLC | $3,980,120 | 76,000 | 0.31% | Call option |
| Vanguard Global Advisers, LLC | $3,946,708 | 75,362 | 0.30% | Shares |
| HUSSMAN STRATEGIC ADVISORS, INC. | $3,849,195 | 73,500 | 0.30% | Shares |
| Swiss National Bank | $3,578,494 | 68,331 | 0.28% | Shares |
| Beartown Capital Management, LLC | $3,404,050 | 65,000 | 0.26% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $3,392,641 | 64,782 | 0.26% | Shares |
| CLARK ESTATES INC/NY | $3,269,197 | 62,425 | 0.25% | Shares |
| AMERIPRISE FINANCIAL INC | $3,138,743 | 59,934 | 0.24% | Shares |
| Corient Private Wealth LP | $2,977,971 | 56,864 | 0.23% | Shares |
| Legal & General Group Plc | $2,947,907 | 56,290 | 0.23% | Shares |
| CITADEL ADVISORS LLC | $2,945,132 | 56,237 | 0.23% | Shares |
| Susquehanna Portfolio Strategies, LLC | $2,899,465 | 55,365 | 0.22% | Shares |
| Russell Investments Group, Ltd. | $2,781,946 | 53,121 | 0.21% | Shares |
| Miller Value Partners, LLC | $2,650,027 | 50,602 | 0.20% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,624,942 | 50,123 | 0.20% | Shares |
| ROYCE & ASSOCIATES LP | $2,562,831 | 48,937 | 0.20% | Shares |
| MILLENNIUM MANAGEMENT LLC | $2,533,503 | 48,377 | 0.20% | Shares |
| ACR Alpine Capital Research, LLC | $2,444,108 | 46,670 | 0.19% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $2,436,156 | 58,059 | 0.19% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $2,392,471 | 45,684 | 0.18% | Shares |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd | $2,386,134 | 45,563 | 0.18% | Shares |
| CITADEL ADVISORS LLC | $2,377,598 | 45,400 | 0.18% | Put option |
| PRUDENTIAL FINANCIAL INC | $2,333,136 | 44,551 | 0.18% | Shares |
| FRANKLIN RESOURCES INC | $2,221,745 | 42,424 | 0.17% | Shares |
| Aldebaran Capital, LLC | $2,156,178 | 41,172 | 0.17% | Shares |
| Balyasny Asset Management L.P. | $2,134,235 | 40,753 | 0.16% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $2,100,000 | 40,100 | 0.16% | Shares |
| Cresset Asset Management, LLC | $2,090,610 | 39,920 | 0.16% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,052,904 | 39,200 | 0.16% | Put option |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,945,601 | 46,368 | 0.15% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,930,286 | 46,003 | 0.15% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $1,771,782 | 33,832 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,737,637 | 33,180 | 0.13% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $1,709,171 | 32,636 | 0.13% | Shares |
| XTX Topco Ltd | $1,511,346 | 28,859 | 0.12% | Shares |
| Verition Fund Management LLC | $1,508,675 | 28,808 | 0.12% | Shares |
| BlackRock, Inc. | $1,506,580 | 28,768 | 0.12% | Shares |
| FIFTH THIRD BANCORP | $1,504,119 | 28,721 | 0.12% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $1,503,857 | 28,716 | 0.12% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $1,481,443 | 28,288 | 0.11% | Shares |
| S&T Bank/PA | $1,473,692 | 28,140 | 0.11% | Shares |
| Chicago Capital, LLC | $1,395,503 | 26,647 | 0.11% | Shares |
| Aquatic Capital Management LLC | $1,261,174 | 24,082 | 0.10% | Shares |
| Amundi | $1,220,483 | 23,305 | 0.09% | Shares |
| MIROVA | $1,214,513 | 23,191 | 0.09% | Shares |
| GREAT LAKES ADVISORS, LLC | $1,183,876 | 22,606 | 0.09% | Shares |
| MetLife Investment Management, LLC | $1,139,100 | 21,751 | 0.09% | Shares |
| Illinois Municipal Retirement Fund | $1,074,632 | 20,520 | 0.08% | Shares |
| RITHOLTZ WEALTH MANAGEMENT | $1,060,911 | 20,258 | 0.08% | Shares |
| Marex Group Ltd | $1,047,400 | 20,000 | 0.08% | Shares |
| CORSAIR CAPITAL MANAGEMENT, L.P. | $1,047,400 | 20,000 | 0.08% | Shares |
| Gotham Asset Management, LLC | $979,528 | 18,704 | 0.08% | Shares |
| CWM, LLC | $869,747 | 20,728 | 0.07% | Shares |
| &PARTNERS | $844,833 | 1,942 | 0.07% | Shares |
| Louisiana State Employees Retirement System | $843,157 | 16,100 | 0.07% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $837,658 | 15,995 | 0.06% | Shares |
| State of Tennessee, Department of Treasury | $820,796 | 15,673 | 0.06% | Shares |
| Jain Global LLC | $820,638 | 15,670 | 0.06% | Shares |
| JANE STREET GROUP, LLC | $806,498 | 15,400 | 0.06% | Call option |
| PRELUDE CAPITAL MANAGEMENT, LLC | $777,904 | 14,854 | 0.06% | Shares |
| CHOREO, LLC | $761,523 | 14,542 | 0.06% | Shares |
Company insiders 27 insiders · 10 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Vivek Shah | Chief Executive Officer | March 11, 2026 A | 360,282 | 0 | 0 | $0 |
| Nehemia Zucker | Chief Executive Officer | Dec. 29, 2017 F | 149,642 | 0 | 0 | $0 |
| Bret Richter | Chief Financial Officer | June 10, 2026 S | 29,244 | 0 | 1 | $-843,840 |
| Scott R Turicchi | President and CFO | Sept. 8, 2021 M | 234,891 | 0 | 0 | $0 |
| Kathleen Griggs | Chief Financial Officer | Aug. 6, 2014 S | 28,061 | 0 | 0 | $0 |
| Scott M Jarus | Co-President | Sept. 9, 2005 M | 1,854 | 0 | 0 | $0 |
| Layth Taki | Chief Accounting Officer | March 8, 2024 M | 3,341 | 0 | 0 | $0 |
| Steve P. Dunn | Chief Accounting Officer | Nov. 21, 2022 F | 224 | 0 | 0 | $0 |
| Jeffrey Daniel Adelman | VP/General Counsel | Aug. 15, 2014 S | 25,991 | 0 | 0 | $0 |
| Greggory Kalvin | Chief Accounting Officer | May 9, 2007 M | 0 | 0 | 0 | $0 |
| Kirk P Mcdonald | Director | June 8, 2026 S | 13,468 | 0 | 2 | $-50,150 |
| Jana Barsten | Director | June 3, 2026 S | 12,513 | 0 | 1 | $-150,615 |
| Brian W Kretzmer | Director | June 2, 2026 S | 22,513 | 0 | 1 | $-87,596 |
| Teresa A Harris | Director | May 6, 2026 A | 20,746 | 0 | 0 | $0 |
| Neville R Ray | Director | May 6, 2026 A | 14,569 | 0 | 0 | $0 |
| Sarah Ann Fay | Director | May 6, 2026 A | 31,522 | 1 | 0 | $49,949 |
| Scott C Taylor | Director | May 6, 2026 A | 22,161 | 0 | 0 | $0 |
| Jon Miller | Director | May 10, 2023 M | 168,659 | 0 | 0 | $0 |
| Richard Ressler | Director | May 7, 2022 M | 6,606 | 0 | 0 | $0 |
| Pamela Sutton-Wallace | Director | Sept. 30, 2021 M | 2,855 | 0 | 0 | $0 |
| Douglas Y Bech | Director | June 7, 2021 G | 128,176 | 0 | 0 | $0 |
| Stephen Ross | Director | May 7, 2021 A | 17,865 | 0 | 0 | $0 |
| Robert J Cresci | Director | May 7, 2020 A | 92,626 | 0 | 0 | $0 |
| Michael Schulhof | Director | May 7, 2014 A | 28,887 | 0 | 0 | $0 |
| John Rieley | Director | Aug. 4, 2011 M | 50,553 | 0 | 0 | $0 |
| Lori A. Tansley | — | Aug. 12, 2026 S | 767 | 0 | 1 | $-76,664 |
| Jeremy Rossen | — | Aug. 10, 2026 S | 10,643 | 0 | 3 | $-784,653 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Pale Fire Capital SICAV a.s., Pale Fire Capital investicni spolecnost a.s., Pale Fire Capital SE, Barta Jan, Senkypl Dusan | March 3, 2026 | 6.90% | Initial filing | Passive investment | SEC |
| j2 Global, Inc. ×10 filings | July 21, 2016 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 82 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 |
|---|---|---|---|---|
| PSCU · Invesco Exchange-Traded Fund Trust … | 1.98% | 6,451 SH | Aug. 8, 2026 | Daily |
| SIXS · EXCHANGE TRADED CONCEPTS TRUST | 1.19% | 33,476 NS | May 31, 2026 | N-PORT |
| MYLD · Cambria ETF Trust | 1.15% | 7,427 NS | April 30, 2026 | N-PORT |
| SYLD · Cambria ETF Trust | 1.00% | 209,556 NS | April 30, 2026 | N-PORT |
| RZV · Invesco Exchange-Traded Fund Trust | 0.81% | 46,033 SH | Aug. 8, 2026 | Daily |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.65% | 26,039 NS | April 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.54% | 19,233 NS | May 31, 2026 | N-PORT |
| CAFG · Pacer Funds Trust | 0.47% | 2,310 NS | April 30, 2026 | N-PORT |
| SCOW · Pacer Funds Trust | 0.46% | 154 NS | April 30, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.42% | 9,261 NS | May 31, 2026 | N-PORT |
| SVAL · iShares Trust | 0.42% | 17,206 SH | Aug. 8, 2026 | Daily |
| CALF · Pacer Funds Trust | 0.38% | 285,323 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.31% | 82,727 NS | April 30, 2026 | N-PORT |
| HAPS · Harbor ETF Trust | 0.30% | 10,212 NS | April 30, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.21% | 78,161 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.20% | 327,702 SH | Aug. 8, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.18% | 24,049 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.17% | 339,776 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.15% | 40,913 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.13% | 4,025 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.13% | 217,087 NS | April 30, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.13% | 6,205 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.12% | 30,038 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.12% | 4,365 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.12% | 71,569 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.11% | 323,515 SH | Aug. 8, 2026 | Daily |
| VOX · VANGUARD WORLD FUND | 0.11% | 121,807 SH | Aug. 8, 2026 | Daily |
| FCOM · FIDELITY COVINGTON TRUST | 0.11% | 41,933 NS | April 30, 2026 | N-PORT |
| IJR · iShares Trust | 0.10% | 2,248,540 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.10% | 253 NS | April 30, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.10% | 39,416 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.10% | 128,406 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.09% | 283,342 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 14,257 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.08% | 473 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.08% | 44,402 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.07% | 15,221 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.06% | 201,099 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.06% | 7,733 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.06% | 881,924 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.05% | 16,976 NS | April 30, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 0.05% | 17,269 SH | Aug. 8, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.05% | 7,445 SH | Aug. 8, 2026 | Daily |
| GINN · Goldman Sachs ETF Trust | 0.05% | 2,292 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.04% | 6,491 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.04% | 1,844 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.04% | 127,616 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.04% | 535,230 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.04% | 190,050 NS | May 31, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.03% | 196,801 NS | May 31, 2026 | N-PORT |