$16.10B
Revenue
$2.49B
Net Income
38.16%
Gross Margin
24.68%
Op. Margin
$9.37B
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $16.10B | $16.10B | $15.35B | $14.33B | $11.64B | $9.72B |
| Revenue Growth % | 0.0% | 4.9% | 7.1% | 23.1% | 19.8% | nan% |
| Cost of Revenue | $9.96B | $9.96B | $9.20B | $8.52B | $6.65B | $5.86B |
| Gross Profit | $6.14B | $6.14B | $6.15B | $5.81B | $5.00B | $3.85B |
| Gross Margin % | 38.2% | 38.2% | 40.1% | 40.6% | 42.9% | 39.7% |
| Selling General & Admin | $1.73B | $1.73B | $1.65B | $1.53B | $1.40B | $1.20B |
| Operating Income | $3.97B | $3.97B | $4.07B | $3.83B | $3.23B | $2.28B |
| Operating Margin % | 24.7% | 24.7% | 26.5% | 26.7% | 27.8% | 23.4% |
| Interest Expense | $1.26B | $703.00M | $674.00M | $614.00M | $406.00M | $391.00M |
| Other Income/Expense | $81.00M | $81.00M | $14.00M | $19.00M | $15.00M | $-7.00M |
| Income Before Tax | $3.34B | $3.34B | $3.39B | $3.21B | $2.80B | $1.85B |
| Income Tax Expense | $844.00M | $844.00M | $813.00M | $787.00M | $697.00M | $460.00M |
| Net Income | $2.49B | $2.49B | $2.58B | $2.42B | $2.10B | $1.39B |
| Net Margin % | 15.5% | 15.5% | 16.8% | 16.9% | 18.1% | 14.3% |
| Basic EPS | 38.71 | 38.71 | 38.82 | 35.40 | 29.77 | 19.14 |
| Diluted EPS | 38.61 | 38.61 | 38.69 | 35.28 | 29.65 | 19.04 |
| Basic Shares Outstanding | - | 64.4M | 66.3M | 68.5M | - | - |
| Diluted Shares Outstanding | - | 64.6M | 66.6M | 68.7M | - | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $459.00M | $457.00M | $363.00M | $106.00M | $144.00M |
| Accounts Receivable | $2.51B | $2.36B | $2.23B | $2.00B | $1.68B |
| Inventory | $240.00M | $200.00M | $205.00M | $232.00M | $164.00M |
| Other Current Assets | $399.00M | $235.00M | $135.00M | $381.00M | $166.00M |
| Total Current Assets | $3.61B | $3.25B | $2.93B | $2.72B | $2.15B |
| Goodwill | $7.12B | $6.90B | $5.94B | $6.03B | $5.53B |
| Intangible Assets | $477.00M | $663.00M | $670.00M | $452.00M | $615.00M |
| Other Non-current Assets | $64.00M | $49.00M | $43.00M | $47.00M | $42.00M |
| Total Assets | $29.87B | $28.16B | $25.59B | $24.18B | $20.29B |
| Accounts Payable | $776.00M | $748.00M | $905.00M | $1.14B | $816.00M |
| Short-term Debt | $1.58B | $1.18B | $1.47B | $161.00M | $906.00M |
| Accrued Liabilities | $1.47B | $1.40B | $1.27B | $1.15B | $881.00M |
| Deferred Revenue | $175.00M | $185.00M | - | - | - |
| Total Current Liabilities | $3.82B | $3.32B | $3.64B | $2.44B | $2.60B |
| Long-term Debt | $14.30B | $12.23B | $10.05B | $11.21B | $8.78B |
| Deferred Tax Liabilities | $3.12B | $2.69B | $2.70B | $2.67B | $2.15B |
| Other Non-current Liabilities | $188.00M | $216.00M | $173.00M | $154.00M | $144.00M |
| Total Liabilities | $20.90B | $19.54B | $17.46B | $17.12B | $14.30B |
| Common Stock | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M |
| Retained Earnings | $15.84B | $13.81B | $11.67B | $9.66B | $7.55B |
| Treasury Stock | - | - | - | - | $3.96B |
| Total Stockholders Equity | $8.97B | $8.62B | $8.13B | $7.06B | $5.99B |
| Total Liabilities & Equity | $29.87B | $28.16B | $25.59B | $24.18B | $20.29B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $2.49B | $2.49B | $2.58B | $2.42B | $2.10B | $1.39B |
| Depreciation & Amortization | $552.00M | $438.00M | $437.00M | $431.00M | $364.00M | $372.00M |
| Stock-based Compensation | $240.00M | $134.00M | $112.00M | $94.00M | $127.00M | $119.00M |
| Deferred Income Tax | $351.00M | $405.00M | $-19.00M | $35.00M | $537.00M | $268.00M |
| Change in Receivables | $53.00M | $120.00M | $20.00M | $167.00M | $329.00M | $300.00M |
| Change in Inventory | $106.00M | $38.00M | $-15.00M | $-19.00M | $25.00M | $-9.00M |
| Change in Payables | $740.00M | $-22.00M | $-203.00M | $-45.00M | $304.00M | $307.00M |
| Operating Cash Flow | $9.37B | $5.19B | $4.55B | $4.70B | $4.43B | $3.69B |
| Acquisitions | $390.00M | $357.00M | $1.66B | $574.00M | $2.34B | $1.44B |
| Purchases of Investments | $5.00M | $3.00M | $5.00M | $4.00M | $7.00M | - |
| Investing Cash Flow | $-5.30B | $-3.37B | $-4.15B | $-2.98B | $-5.02B | $-3.61B |
| Stock Repurchased | $2.98B | $1.97B | $1.57B | $1.07B | $1.07B | $34.00M |
| Dividends Paid | $817.00M | $464.00M | $434.00M | $406.00M | - | - |
| Financing Cash Flow | $-3.94B | $-1.84B | $-274.00M | $-1.47B | $552.00M | $-140.00M |
| Net Change in Cash | $178.00M | $2.00M | $94.00M | $257.00M | $-38.00M | $-58.00M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $4.23B | $3.99B | $11.89B | $11.25B |
| Cost of Revenue | $2.56B | $2.34B | $7.34B | $6.74B |
| Gross Profit | $1.67B | $1.65B | $4.55B | $4.51B |
| Selling General & Admin | $442.00M | $416.00M | $1.30B | $1.21B |
| Operating Income | $1.11B | $1.12B | $2.92B | $2.98B |
| Interest Expense | - | - | $566.00M | $544.00M |
| Other Income/Expense | $1.00M | $5.00M | $76.00M | $12.00M |
| Income Before Tax | $937.00M | $949.00M | $2.46B | $2.48B |
| Income Tax Expense | $236.00M | $241.00M | $623.00M | $593.00M |
| Net Income | $701.00M | $708.00M | $1.84B | $1.89B |
| Basic EPS | 10.93 | 10.73 | 28.42 | 28.33 |
| Diluted EPS | 10.91 | 10.70 | 28.37 | 28.25 |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $512.00M | $457.00M |
| Accounts Receivable | $2.58B | $2.36B |
| Inventory | $234.00M | $200.00M |
| Other Current Assets | $458.00M | $235.00M |
| Total Current Assets | $3.78B | $3.25B |
| Goodwill | $6.88B | $6.90B |
| Intangible Assets | $531.00M | $663.00M |
| Other Non-current Assets | $61.00M | $49.00M |
| Total Assets | $30.07B | $28.16B |
| Accounts Payable | $1.28B | $748.00M |
| Short-term Debt | $1.55B | $1.18B |
| Accrued Liabilities | $1.39B | $1.40B |
| Total Current Liabilities | $4.21B | $3.32B |
| Long-term Debt | $12.60B | $12.23B |
| Deferred Tax Liabilities | $2.97B | $2.69B |
| Other Non-current Liabilities | $219.00M | $216.00M |
| Total Liabilities | $21.07B | $19.54B |
| Common Stock | $1.00M | $1.00M |
| Retained Earnings | $15.30B | $13.81B |
| Total Stockholders Equity | $9.00B | $8.62B |
| Total Liabilities & Equity | $30.07B | $28.16B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $701.00M | $708.00M | $1.84B | $1.89B |
| Depreciation & Amortization | $109.00M | $109.00M | $331.00M | $322.00M |
| Stock-based Compensation | - | - | $102.00M | $79.00M |
| Deferred Income Tax | - | - | $259.00M | $-31.00M |
| Change in Receivables | - | - | $208.00M | $51.00M |
| Change in Inventory | - | - | $33.00M | $-5.00M |
| Change in Payables | - | - | $338.00M | $152.00M |
| Operating Cash Flow | - | - | $3.93B | $3.50B |
| Acquisitions | - | - | $22.00M | $1.34B |
| Purchases of Investments | - | - | $2.00M | $4.00M |
| Investing Cash Flow | - | - | $-2.77B | $-3.63B |
| Stock Repurchased | - | - | $1.34B | $1.17B |
| Dividends Paid | - | - | $350.00M | $326.00M |
| Financing Cash Flow | - | - | $-1.13B | $254.00M |
| Net Change in Cash | - | - | $55.00M | $116.00M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.