$1.01B
Revenue
$299.10M
Net Income
21.23%
Gross Margin
17.95%
Op. Margin
$-85.54M
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 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.01B | $1.01B | $940.64M | $1.02B | $1.04B | $563.42M | $583.99M | $657.61M | $538.08M | $448.06M | $589.67M |
| Revenue Growth % | 0.0% | 7.7% | -7.8% | -1.5% | 83.9% | -3.5% | -11.2% | 22.2% | 20.1% | -24.0% | nan% |
| Cost of Revenue | $798.15M | $798.15M | $696.89M | $735.45M | $787.01M | $356.68M | $432.71M | $509.09M | $432.07M | $354.95M | $436.30M |
| Gross Profit | $215.17M | $215.17M | $243.75M | $284.96M | $249.40M | $206.74M | $151.28M | $148.52M | $106.00M | $93.11M | $153.37M |
| Gross Margin % | 21.2% | 21.2% | 25.9% | 27.9% | 24.1% | 36.7% | 25.9% | 22.6% | 19.7% | 20.8% | 26.0% |
| Operating Expenses | $166.75M | $166.75M | $122.02M | $115.68M | $85.44M | $53.85M | $71.34M | $55.92M | $40.15M | $34.90M | $512.41M |
| Selling General & Admin | $28.64M | $28.64M | $35.94M | $24.77M | $34.18M | $22.59M | $20.82M | $17.17M | $11.84M | $10.26M | $11.38M |
| Operating Income | $181.84M | $181.84M | $202.83M | $238.95M | $209.68M | $179.79M | $125.81M | $125.76M | $88.18M | $77.65M | $77.26M |
| Operating Margin % | 17.9% | 17.9% | 21.6% | 23.4% | 20.2% | 31.9% | 21.5% | 19.1% | 16.4% | 17.3% | 13.1% |
| Interest Expense | $309.29M | $173.52M | $117.30M | $143.24M | $82.30M | $42.87M | $47.33M | $41.26M | $23.94M | $13.59M | $10.66M |
| Other Income/Expense | $60.00K | $60.00K | $205.00K | $303.00K | $373.00K | $-133.00K | $-600.00K | $-8.00K | $1.00K | - | - |
| Income Before Tax | $176.92M | $176.92M | $143.16M | $127.44M | $159.43M | $159.48M | $97.72M | $90.72M | $69.19M | $62.88M | $66.02M |
| Income Tax Expense | $458.00K | $458.00K | $479.00K | $1.21M | $382.00K | $223.00K | $967.00K | $534.00K | $-222.00K | $81.00K | $-195.00K |
| Net Income | $299.10M | $176.46M | $142.69M | $126.24M | $159.05M | $159.26M | $96.75M | $90.18M | $69.41M | $62.80M | $66.21M |
| Net Margin % | 29.5% | 17.4% | 15.2% | 12.4% | 15.3% | 28.3% | 16.6% | 13.7% | 12.9% | 14.0% | 11.2% |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $10.89M | $5.38M | $3.75M | $7.97M | $4.24M | $5.54M | $4.52M | $4.67M | $59.00K | - |
| Accounts Receivable | - | - | - | $53.31M | $15.68M | $13.20M | $21.59M | $23.01M | $19.20M | $35.05M |
| Inventory | $17.91M | $5.43M | $2.26M | $1.48M | $3.13M | $12.62M | $5.49M | $20.86M | $8.88M | $10.45M |
| Other Current Assets | $4.42M | $24.26M | $676.00K | $2.46M | $331.00K | $2.20M | $969.00K | $783.00K | $1.07M | $1.54M |
| Total Current Assets | $400.77M | $145.89M | $76.27M | $65.23M | $29.31M | $33.57M | $32.57M | $50.45M | $32.04M | $47.04M |
| Property Plant & Equipment | $1.42B | $1.06B | $936.15M | $924.00M | $464.81M | $295.04M | $312.56M | $255.07M | $251.03M | $253.85M |
| Goodwill | $12.20M | $12.20M | $12.20M | $27.05M | $12.20M | $12.20M | $12.20M | $12.20M | $12.20M | $12.20M |
| Intangible Assets | $370.46M | $281.46M | - | - | $123.79M | $131.00M | $154.04M | $15.92M | $14.42M | $15.48M |
| Other Non-current Assets | $6.62M | $10.75M | $14.22M | $16.41M | $12.12M | $21.90M | $8.45M | $3.43M | $4.77M | $6.04M |
| Total Assets | $2.78B | $2.04B | $1.64B | $1.68B | $956.42M | $744.45M | $624.59M | $443.53M | $415.55M | $375.29M |
| Accounts Payable | $292.91M | $41.38M | $26.29M | $57.40M | $6.66M | $12.47M | $14.23M | $19.15M | $10.85M | $6.85M |
| Other Current Liabilities | $5.12M | $4.63M | $11.48M | $6.20M | $5.53M | $5.76M | $5.06M | $6.03M | $2.92M | $1.69M |
| Total Current Liabilities | $356.49M | $88.78M | $90.59M | $106.22M | $28.30M | $35.08M | $36.51M | $31.78M | $20.73M | $20.69M |
| Long-term Debt | $2.34B | $1.88B | $1.67B | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | $616.00K | $215.00K | - | - | - | - |
| Other Non-current Liabilities | $24.12M | $20.21M | $21.36M | $15.77M | $22.08M | $19.26M | $17.29M | $14.26M | $11.73M | $10.51M |
| Total Liabilities & Equity | $2.78B | $2.04B | $1.64B | $1.68B | $956.42M | $744.45M | $624.59M | $443.53M | $415.55M | $375.29M |
| 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 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $299.10M | $176.46M | $142.69M | $126.24M | $159.05M | $159.26M | $96.75M | $90.18M | $69.41M | $62.80M | $66.21M |
| Depreciation & Amortization | $153.32M | $125.60M | $96.38M | $92.38M | $62.99M | $35.73M | $26.70M | $25.99M | $21.91M | $20.81M | $19.69M |
| Stock-based Compensation | - | - | - | $2.70M | $2.72M | $491.00K | $1.56M | $674.00K | $721.00K | $599.00K | $406.00K |
| Deferred Income Tax | - | - | - | - | - | $401.00K | $496.00K | $152.00K | $-111.00K | $-173.00K | $14.00K |
| Change in Receivables | $67.24M | $43.39M | $6.95M | $-21.57M | $9.07M | $2.47M | $-8.38M | $-1.43M | $3.81M | $-15.85M | $7.20M |
| Operating Cash Flow | $407.64M | $237.12M | $206.34M | $225.32M | $192.17M | $193.02M | $130.40M | $147.95M | $87.70M | $100.71M | $68.02M |
| Capital Expenditure | $493.18M | $267.76M | $129.04M | $96.10M | $141.10M | $13.27M | $9.07M | $12.93M | $18.18M | $11.29M | $19.96M |
| Acquisitions | $543.54M | $181.18M | $182.53M | - | $625.62M | - | - | - | - | - | $400.00K |
| Investing Cash Flow | $-1.03B | $-444.20M | $-384.58M | $-89.63M | $-770.44M | $-123.14M | $-147.42M | $-228.04M | $-30.67M | $-72.69M | $-56.59M |
| Debt Repayment | - | - | $531.25M | $18.75M | - | - | - | - | - | - | - |
| Stock Repurchased | $30.00M | $10.00M | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $617.29M | $212.59M | $179.87M | $-139.91M | $581.95M | $-71.18M | $18.04M | $79.93M | $-52.41M | $-27.96M | $-13.29M |
| Net Change in Cash | $-1.72M | $5.51M | $1.63M | $-4.21M | $3.68M | $-1.30M | $1.02M | $-153.00K | $4.62M | $59.00K | $-1.86M |
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 | $261.28M | $214.07M | $757.56M | $730.77M |
| Cost of Revenue | $207.32M | $165.22M | $586.27M | $536.04M |
| Operating Expenses | $43.47M | $27.75M | $121.63M | $88.89M |
| Selling General & Admin | $4.52M | $15.74M | $22.33M | $26.62M |
| Operating Income | $45.37M | $31.81M | $145.40M | $164.81M |
| Interest Expense | $47.99M | $37.02M | $129.33M | $95.27M |
| Other Income/Expense | $-67.00K | $-34.00K | $-26.00K | $177.00K |
| Income Before Tax | $45.90M | $33.82M | $129.94M | $107.91M |
| Income Tax Expense | $344.00K | $150.00K | $771.00K | $533.00K |
| Net Income | - | - | $129.17M | $107.38M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $6.91M | $5.38M |
| Inventory | $18.64M | $5.43M |
| Other Current Assets | $1.43M | $24.26M |
| Total Current Assets | $382.79M | $145.89M |
| Property Plant & Equipment | $1.42B | $1.06B |
| Goodwill | $12.20M | $12.20M |
| Other Non-current Assets | $35.44M | $10.75M |
| Total Assets | $2.75B | $2.04B |
| Accounts Payable | $308.40M | $41.38M |
| Other Current Liabilities | $12.56M | $4.63M |
| Total Current Liabilities | $370.23M | $88.78M |
| Long-term Debt | $2.29B | $1.88B |
| Other Non-current Liabilities | $43.64M | $20.21M |
| Total Liabilities & Equity | $2.75B | $2.04B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | - | - | $129.17M | $107.38M |
| Depreciation & Amortization | $34.80M | $21.20M | $89.61M | $71.91M |
| Change in Receivables | - | - | $20.66M | $399.00K |
| Operating Cash Flow | - | - | $193.91M | $156.44M |
| Capital Expenditure | - | - | $237.14M | $83.01M |
| Acquisitions | - | - | $181.18M | $159.50M |
| Investing Cash Flow | - | - | $-411.66M | $-314.53M |
| Debt Repayment | - | - | - | $531.25M |
| Stock Repurchased | - | - | $10.00M | - |
| Financing Cash Flow | - | - | $219.28M | $161.65M |
| Net Change in Cash | - | - | $1.53M | $3.56M |
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.