Ameresco, Inc. logo AMRC - Ameresco, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 18
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $41.80 DETAILS
HIGH: $50.00
LOW: $36.00
MEDIAN: $40.00
CONSENSUS: $41.80
UPSIDE: 31.57%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1
Revenue
Revenue 401.5 581.0 526.0 472.3 352.8 532.7 500.9 438.0 298.4 441.4 335.1 327.1 271.0 331.7 441.3 577.4 474.0 415.9 273.7 273.9 252.2 314.3 282.5 223.0 212.4 306.6 212.0 198.2 150.1 217.4 205.4 197.0 167.4 211.1 204.7 166.7 134.6 174.2 180.6 162.6 133.8 173.8 189.1 152.5 115.4 181.1 168.9 142.6 100.7 176.1 161.6 126.3 110.1 156.6 163.9 164.1 146.6 188.5 227.8 165.5 146.4 179.3 191.9 141.4 105.6 133.4 132.3 89.5 73.4
Cost of Revenue 345.0 486.6 441.7 398.9 300.9 465.9 423.7 372.8 251.4 367.2 271.5 268.4 221.1 270.1 361.7 496.1 405.6 344.6 214.9 220.6 205.3 256.1 231.1 183.5 174.0 259.0 167.3 155.0 117.5 168.2 159.2 154.2 131.9 169.7 163.4 131.3 108.7 138.2 141.8 130.8 106.1 143.5 152.8 121.6 95.8 144.6 133.9 114.6 83.2 147.8 131.6 102.9 88.6 123.6 129.1 132.9 117.3 153.4 187.9 133.3 118.4 148.1 157.0 115.2 87.2 106.6 108.4 74.1 59.7
Gross Profit 56.5 94.4 84.3 73.4 51.9 66.8 77.1 65.2 47.0 74.2 63.7 58.6 49.9 61.6 79.6 81.3 68.4 71.3 58.8 53.3 46.9 58.2 51.4 39.5 38.4 47.7 44.7 43.1 32.6 49.2 46.2 42.8 35.5 41.5 41.4 35.4 25.9 36.0 38.8 31.9 27.7 30.2 36.3 30.9 19.6 36.4 35.0 27.9 17.6 28.4 30.1 23.4 21.5 33.0 34.8 31.2 29.2 35.1 39.9 32.2 28.0 31.3 34.9 26.2 18.4 26.7 23.9 15.3 13.7
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0.1 0 0 0 0.2 0 0 0 0.5 0 0 0 0.5 0 0 0 (13.3) 4.0 5.0 4.3 4.3 4.3 3.8 4.2 3.4 5.2 5.3 4.4 5.8 2.7 2.0 3.1 2.7 1.3 2.9 2.7
SG&A Expenses 46.3 50.9 43.4 45.7 38.5 47.8 42.1 44.2 39.6 36.7 42.8 41.4 41.3 39.3 41.1 38.6 40.3 39.3 35.2 31.9 28.6 33.6 26.9 26.6 28.9 29.1 31.2 30.1 26.1 29.6 28.9 28.8 27.2 27.4 27.0 26.6 26.5 28.7 28.9 27.1 25.9 33.5 26.6 25.8 24.1 29.5 25.8 24.2 24.3 25.3 18.5 20.3 19.3 21.4 19.8 19.1 21.6 19.0 18.3 13.5 15.3 13.0 13.3 12.1 12.7 12.7 11.1 10.7 10.3
Other Expenses 0 (3.1) 0 0 0 (25.7) (0.2) (0.0) (0.6) 3.4 (0.5) (0.4) (0.5) 0 (0.5) (0.4) (0.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.6) 0 0 0 (1.9) 0 0 0 (1.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 46.3 47.9 43.4 45.7 38.5 22.1 42.0 44.2 39 40.1 42.2 41.0 40.9 39.3 40.6 38.2 39.7 39.3 35.2 31.9 28.6 33.6 26.9 26.6 28.9 29.1 31.2 30.1 26.1 29.6 28.9 28.8 27.2 27.4 27.0 26.6 26.5 28.7 28.9 27.1 25.9 33.5 26.6 25.8 24.1 29.5 25.8 24.2 24.3 25.3 22.5 25.3 23.6 25.7 24.1 22.9 25.8 22.4 23.4 18.8 19.7 18.8 16.0 14.1 15.8 15.5 12.3 13.6 13.0
Operating Income
Operating Income 10.1 46.5 41.0 27.6 13.4 44.6 35.2 21.0 8.0 34.1 21.4 17.6 9.1 22.3 38.9 43.1 28.7 32.0 23.6 21.4 18.3 24.6 24.5 12.9 9.5 18.5 13.5 13.1 6.5 19.6 17.3 14.0 8.3 14.1 14.3 8.8 (0.6) 7.3 9.9 4.7 1.8 (3.3) 9.7 5.1 (4.4) 6.9 9.2 3.8 (6.8) 3.0 7.6 (1.9) (2.1) 6.3 10.7 8.3 3.4 12.6 16.4 13.4 8.3 12.5 18.9 12.0 2.6 11.3 11.6 1.8 0.7
Interest Expense 25.2 24.7 22.1 21.3 19.9 19.3 20.2 16.1 15.2 15.9 10.2 8.8 8.0 9.5 8.0 7.7 5.3 5.1 4.6 4.0 3.6 0 4.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.6 1.4 0 0 0 1.2 0.9 1.2 0.1 1.3 0.9 0.8 0.9 1.7 1.1 0.7 0.5 1.2 0.7 0.6
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 1.9 0.1 0.2 0.1 (0.1) (0.1) 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 39.4 71.2 67.5 59.1 37.4 67.0 57.3 41.7 27.9 52.4 38.1 33.3 23.3 38.3 53.4 58.8 40.1 46.0 35.8 31.3 28.8 38.1 35.5 23.5 19.8 28.9 23.3 23.3 15.8 28.0 24.8 21.4 15.4 20.7 20.9 14.8 5.6 13.9 16.2 10.7 7.7 3.5 15.7 10.8 1.3 12.8 15.2 9.6 (1.6) 8.0 12.8 2.7 3.6 12.5 15.4 8.3 3.4 15.2 20.3 16.1 10.9 15.7 23.4 13.8 4.7 13.0 14.0 3.2 1.8
EBIT 10.1 43.3 40.2 33.9 13.4 40.5 33.9 21.3 9.0 33.9 21.0 17.2 9.0 24.5 39.4 45.5 26.9 33.5 23.7 20.0 18.2 27.6 25.0 12.9 9.5 18.5 13.5 13.2 6.5 20.0 17.0 13.9 4.7 11.4 14.3 9.3 (0.6) 7.3 9.6 4.7 1.8 (3.3) 9.7 5.1 (4.4) 6.9 9.2 3.8 (6.8) 3.0 7.6 (1.9) (2.1) 7.6 10.7 8.3 3.4 10.7 16.3 13.3 8.2 13.1 18.6 11.9 2.4 11.9 13.7 3.0 1.3
Income Before Tax (17.6) 18.6 18.2 12.6 (4.4) 21.2 13.7 5.2 (6.2) 18.0 10.8 8.4 1.1 14.9 31.4 37.8 21.6 28.4 19.1 16.0 14.6 22.7 20.8 8.8 4.1 14.8 9.3 9.3 3.1 13.6 14.1 10.0 4.7 11.4 12.7 7.0 (2.4) 4.9 7.7 2.9 0.9 (3.9) 7.5 3.7 (7.1) 5.1 6.8 3.0 (8.5) 1.7 6.0 (2.4) (2.5) 5.9 9.5 7.2 2.1 10.7 15.0 12.4 7.4 11.5 16.9 10.8 1.7 11.3 12.5 2.4 0.6
Income Tax Expense (3.2) (6.3) (3.7) (2.9) 1.2 (16.7) (3.3) 0 0 (15.1) (10.1) 0.0 (0.5) (3.7) 3.7 4.9 2.3 (1.2) (1.2) (1.9) 2.2 (1.1) 3.1 0 (2.5) (5.7) 0.9 0.8 0.3 2.9 3.4 1.3 (2.8) (9.1) 3.9 1.1 (0.6) 1.5 1.9 0.8 0.2 0.7 3.3 1.7 (2.9) (3.6) (0.5) 0.3 (0.2) 0.1 1.4 (0.6) (0.6) 1.0 2.7 2.0 0.6 2.4 2.7 3.5 2.1 3.8 4.9 3.1 0.4 1.8 4.3 0.7 0.2
Net Income (18.3) 18.4 18.5 12.9 (5.5) 37.1 17.6 5.0 (2.9) 33.7 21.3 6.4 1.1 17.9 27.4 32.2 17.4 28.2 17.4 13.7 11.2 23.5 20.0 4.4 6.2 22.2 8.9 9.2 4.1 11.6 10.7 8.7 7.0 23.8 8.5 5.8 (0.6) 3.3 5.7 2.0 1.1 1.0 4.2 2.0 (4.2) 8.7 7.3 2.7 (8.3) 1.6 4.5 (1.8) (1.9) 4.9 6.8 5.2 1.5 8.2 12.4 8.8 5.3 7.7 12.0 7.7 1.3 9.6 8.2 1.7 0.4
Per Share Data
EPS (Basic) -0.35 0.35 0.35 0.24 -0.10 0.71 0.34 0.10 -0.06 0.65 0.41 0.12 0.02 0.34 0.53 0.62 0.34 0.55 0.34 0.27 0.23 0.49 0.42 0.09 0.13 0.47 0.19 0.20 0.09 0.25 0.23 0.19 0.15 0.52 0.19 0.13 -0.01 0.07 0.12 0.04 0.02 0.02 0.09 0.04 -0.09 0.19 0.16 0.06 -0.18 0.03 0.10 -0.04 -0.04 0.11 0.15 0.11 0.04 0.19 0.29 0.21 0.13 0.19 0.35 0.56 0.10 0.28 0.86 0.09 0.01
EPS (Diluted) -0.35 0.34 0.35 0.24 -0.10 0.70 0.33 0.09 -0.06 0.63 0.40 0.12 0.02 0.34 0.51 0.61 0.32 0.53 0.33 0.26 0.22 0.47 0.41 0.09 0.13 0.46 0.19 0.19 0.09 0.24 0.23 0.19 0.15 0.52 0.19 0.13 -0.01 0.07 0.12 0.04 0.02 0.02 0.09 0.04 -0.09 0.18 0.16 0.06 -0.18 0.03 0.10 -0.04 -0.04 0.11 0.15 0.10 0.04 0.18 0.27 0.19 0.12 0.17 0.28 0.21 0.03 0.28 0.23 0.03 0.01
Shares Outstanding 52.9 52.8 52.9 52.6 52.5 52.5 52.4 52.4 52.3 52.2 52.2 52.1 52.0 51.9 51.9 51.8 51.7 51.6 51.5 51.3 49.0 48.0 47.8 47.5 47.4 47.1 46.6 46.4 46.3 46.1 45.9 45.5 45.4 45.5 45.5 45.5 45.5 45.8 46.4 46.7 46.7 46.6 46.5 46.5 46.4 46.4 46.3 46.1 45.9 45.8 45.6 44.5 45.3 45.3 44.8 44.5 44.1 44.1 43.1 42.4 41.3 41.3 34.4 13.7 13.3 33.9 9.6 19.1 30.2
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4
Current Assets
Cash & Cash Equivalents 104.0 71.8 94.6 81.6 71.6 108.5 185.4 150.3 135.4 79.3 164.7 49.0 200.2 115.5 146.9 94.6 95.1 50.5 82.2 58.8 105.8 66.4 45.4 57.1 55.4 33.2 34.1 38.3 25.5 61.4 64.5 28.0 34.1 24.3 29.6 27.1 24.5 20.6 18.4 15.3 17.1 21.1 24.4 47.9
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 249.2 257.9 994.0 920.9 931.8 942.6 865.5 867.6 880.3 823.4 765.1 736.3 672.0 788.4 894.9 919.5 709.2 511.2 370.7 347.0 330.1 341.2 325.9 312.5 328.7 315.1 234.7 247.0 190.6 191.6 184.9 212.2 181.8 213.5 164.8 139.8 124.5 160.1 162.6 102.4 152.5 73.3 63.6 70.5
Inventory 12.5 12.6 12.8 12.4 12.3 11.6 12.0 12.5 13.1 13.6 13.6 14.1 13.6 14.2 13.1 10.9 9.7 8.8 8.3 8.8 8.5 8.6 9.1 9.0 9.2 9.2 9.9 9.2 8.9 7.8 8.1 8.3 8.7 8.1 8.6 9.5 11.0 12.1 13.4 14.4 13.5 5.3 4.8 4.2
Other Current Assets 1,188.7 1,210.3 305.0 251.4 227.8 238.5 0 198.1 0 201.5 67.9 63.6 56.3 75.0 22.0 23.2 19.0 42.7 24.8 43.9 26.8 47.7 41.4 27.5 28.1 40.5 39.8 37.4 40.8 38.6 30.2 31.2 31.5 27.1 28.4 29.9 25.0 21.5 27.5 99.3 88.5 52.8 48.0 41.0
Total Current Assets 1,554.4 1,552.5 1,420.5 1,280.4 1,257.1 1,301.1 1,075.3 1,240.0 1,038.5 1,128.5 1,011.3 921.9 942.0 1,001.4 1,076.9 1,048.2 833.0 638.6 486.0 483.8 471.2 490.7 456.6 406.0 421.4 425.2 341.1 348.7 280.3 311.0 301.0 294.4 279.4 287.1 245.2 216.9 199.3 226.1 236.6 243.4 226.0 164.3 152.3 171.8
Non-Current Assets
Property, Plant & Equipment 85.7 86.2 2,203.7 2,129.2 2,044.7 2,006.5 1,977.0 1,898.8 1,875.1 1,765.4 1,727.0 1,473.4 1,325.3 1,235.5 1,085.5 1,017.8 960.6 911.6 877.7 848.0 815.4 777.5 716.0 683.2 638.9 622.4 550.8 532.6 514.0 466.9 448.7 411.1 387.5 361.7 362.0 353.2 344.4 324.8 284.9 262.6 252.9 130.6 4.5 122.0
Goodwill 69.0 69.3 69.2 69.4 68.3 66.3 75.9 75.2 75.3 75.6 77.3 77.8 77.8 70.6 70.1 70.8 71.3 71.2 58.6 58.9 58.8 58.7 58.2 57.8 57.7 58.4 57.9 58.1 58.8 58.3 58.9 57.3 56.3 56.1 56.1 55.8 55.4 58.0 58.4 58.6 59.1 16.1 16.1 16.1
Intangible Assets 6.9 7.5 8.1 8.7 9.2 8.8 5.4 5.6 6.2 6.8 7.3 8.1 8.7 4.7 5.1 5.5 6.0 7.0 0.7 0.8 0.8 0.9 1.1 1.2 1.4 1.6 1.8 2.1 2.3 2.0 2.3 2.4 2.2 2.4 2.8 3.1 3.4 3.9 4.6 5.3 6.1 0 0 0
Long-Term Investments 0 0 42.9 0 0 0 604.7 0 606.3 22.7 564.1 16.9 568.1 16.1 759.5 701.3 631.3 10.1 511.5 1.9 472.3 1.2 1.4 284.2 263.7 1.3 178.8 130.2 306.9 289.6 269.5 238.4 254.3 0.2 207.6 218.6 183.9 0 122.5 130.4 102.5 (10,067.4) 0 0
Other Non-Current Assets 2,825.9 2,724.7 682.0 736.7 723.4 719.2 207.4 715.9 176.1 714.8 64.4 542.8 42.4 548.6 37.5 37.5 24.7 586.4 29.7 545.3 30.1 425.1 351.5 26.9 28.0 265.1 36.8 34.6 32.3 29.4 30.7 31.9 28.4 276.3 27.1 25.2 24.6 184.5 24.8 22.8 21.6 118.7 209.3 65.6
Total Non-Current Assets 3,086.9 2,984.6 3,005.9 3,014.8 2,912.9 2,857.4 2,906.9 2,725.1 2,764.7 2,585.3 2,449.7 2,119.1 2,025.3 1,875.5 1,961.1 1,836.6 1,697.5 1,586.2 1,482.2 1,454.9 1,377.5 1,263.4 1,128.1 1,053.5 992.2 948.8 829.3 761.2 918.3 850.7 813.5 749.7 732.4 696.9 658.4 658.9 616.0 571.2 497.5 481.0 444.2 269.8 229.9 203.8
Total Assets 4,641.3 4,537.1 4,426.4 4,295.3 4,169.9 4,158.5 3,982.2 3,965.1 3,803.3 3,713.8 3,461.0 3,041.0 2,967.3 2,876.8 3,038.0 2,884.8 2,530.6 2,224.8 1,968.2 1,938.7 1,848.7 1,754.1 1,584.7 1,459.5 1,413.6 1,374.0 1,170.4 1,109.9 1,198.7 1,161.6 1,114.5 1,044.1 1,011.8 984.0 903.6 875.9 815.2 797.3 734.1 724.4 670.2 434.1 382.2 375.5
Current Liabilities
Account Payables 666.7 691.2 569.6 451.6 435.6 529.3 399.2 497.0 437.2 402.8 328.2 290.3 285.5 349.1 411.4 432.7 231.5 309.0 196.5 193.4 202.1 230.9 205.5 162.4 182.4 202.4 133.8 117.2 102.4 134.3 120.0 115.8 100.1 135.9 122.7 102.5 89.6 126.6 125.0 113.0 91.0 64.8 53.5 75.6
Short-Term Debt 171.8 140.1 166.3 160.6 149.3 149.4 355.5 523.8 553.4 321.4 422.6 331.4 319.3 329.5 307.4 88.7 86.3 75.8 81.2 76.0 77.5 65.1 56.8 49.4 74.6 65.0 50.0 5.8 50.8 26.9 24.4 27.5 26.3 22.4 24.2 22.3 20.3 19.3 15.2 0 0 9.3 11.7 8.1
Deferred Revenue 85.4 79.9 0 96.4 91.2 91.7 108.0 97.5 61.3 0 36.9 0 39.3 0 43.2 39.8 31.7 0 28.0 0 30.2 0 0 34.9 25.4 0 23.2 24.4 25.4 24.4 32.5 19.9 22.5 19.9 17.8 21.5 18.1 21.2 18.7 22.3 25.9 4,049.5 17.3 20.5
Other Current Liabilities 120.5 117.7 194.6 0 0 0 101.3 0 110.0 54.7 93.6 42.0 115.0 36.7 95.3 41.6 43.8 37.3 42.0 26.6 40.3 36.7 36.1 26.2 32.5 29.6 10.0 97.1 23.8 0 38.9 19.9 0 0 0 0 0 0 18.7 29.1 31.3 31.7 27.6 28.2
Total Current Liabilities 1,044.4 1,028.9 939.3 822.1 798.3 889.0 964.7 1,232.4 1,162.3 901.5 882.3 752.2 767.1 812.1 860.3 604.4 395.1 474.2 348.9 345.8 351.6 383.1 338.7 273.0 316.1 336.6 246.7 231.1 218.3 222.6 211.3 187.3 173.2 202.1 190.7 168.0 149.2 190.6 182.0 172.6 152.9 119.4 110.2 132.3
Non-Current Liabilities
Long-Term Debt 1,878.2 1,805.6 2,220.0 1,661.8 1,567.5 1,483.9 1,304.9 1,079.0 998.7 1,696.7 1,008.8 1,243.4 617.8 1,038.4 496.5 683.2 643.7 904.5 304.0 803.5 244.9 743.2 654.6 268.9 262.1 494.9 223.8 224.0 197.0 219.2 226.3 221.3 218.4 173.2 178.1 172.7 173.3 140.6 113.6 119.7 104.8 166.4 131.4 105.8
Deferred Tax Liabilities 3.5 2.9 0 2.2 2.1 2.2 2.6 4.4 4.6 0 4.1 0 2.9 0 10.5 8.9 6.1 0 5.1 0 4.5 0 0 3.2 0 0 3.2 3.7 4.1 4.4 3.5 8.5 10.8 0.6 2.9 3.1 4.2 9.0 2.4 1.3 2.0 11.9 11.9 11.9
Other Non-Current Liabilities 605.3 576.8 103.8 122.9 123.0 114.5 623.1 97.9 593.3 87.5 560.0 77.4 585.0 60.9 754.1 702.9 644.8 44.4 530.5 43.4 509.9 41.7 38.0 373.0 312.0 29.4 222.0 62.2 41.8 43.9 40.0 30.8 17.8 29.1 24.2 23.6 20.8 22.0 27.9 13.4 14.2 21.6 19.4 18.6
Total Non-Current Liabilities 2,486.9 2,385.4 2,391.7 2,400.8 2,323.6 2,221.9 2,008.1 1,747.7 1,666.9 1,839.6 1,632.2 1,366.8 1,258.8 1,145.1 1,315.2 1,450.9 1,351.8 1,000.2 905.5 901.3 828.6 839.4 746.6 710.6 633.4 576.9 489.6 488.4 598.7 562.1 539.0 506.1 498.3 445.2 400.9 404.6 369.7 312.4 259.9 264.0 228.4 204.0 166.8 140.4
Total Liabilities 3,531.3 3,414.3 3,331.0 3,222.9 3,121.9 3,110.9 2,972.7 2,980.1 2,829.2 2,741.0 2,514.6 2,119.0 2,025.9 1,957.2 2,175.4 2,055.3 1,746.9 1,474.4 1,254.4 1,247.1 1,180.2 1,222.5 1,085.2 983.6 949.5 913.5 736.3 719.6 816.9 784.8 750.2 693.4 671.5 647.3 591.7 572.7 518.8 503.0 441.9 436.5 381.3 323.3 277.0 272.8
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings 678.4 696.7 678.4 659.9 647.1 652.6 615.5 597.9 592.9 595.9 562.2 541.0 534.6 533.5 515.6 488.3 456.1 438.7 410.6 393.2 379.5 368.4 344.9 325.0 320.7 314.5 292.3 283.4 274.2 269.8 258.2 247.1 238.4 235.8 212.0 203.5 197.7 194.4 193.2 187.5 185.5 106.9 99.2 97.9
Accumulated Other Comprehensive Income (2.3) (0.5) (1.1) 0.2 (4.9) (5.9) (2.8) (3.8) (3.6) (3.0) (3.7) (2.9) (4.6) (4.1) (5.7) (4.4) (3.9) (6.7) (7.4) (6.8) (6.8) (9.3) (11.7) (13.2) (13.3) (7.5) (9.6) (8.1) (6.5) (5.9) (4.1) (4.1) (3.8) (5.6) (6.1) (6.3) (6.4) (6.6) (8.9) (9.2) (7.6) 1.1 3.5 2.8
Total Stockholders' Equity 1,110.0 1,080.2 1,055.7 1,034.6 1,011.9 1,013.2 937.3 914.7 904.9 902.0 868.5 843.5 828.9 824.0 797.7 766.4 729.9 704.3 668.8 645.6 628.9 492.8 463.1 439.7 432.2 428.9 402.0 390.3 381.7 376.9 364.2 350.7 340.3 336.6 312.0 303.2 296.4 294.3 292.2 287.9 288.9 110.8 105.2 102.8
Total Liabilities & Equity 4,641.3 4,537.1 4,426.4 4,295.3 4,169.9 4,158.5 3,982.2 3,965.1 3,803.3 3,713.8 3,461.0 3,041.0 2,967.3 2,876.8 3,038.0 2,884.8 2,530.6 2,224.8 1,968.2 1,938.7 1,848.7 1,754.1 1,584.7 1,459.5 1,413.6 1,374.0 1,170.4 1,109.9 1,198.7 1,161.6 1,114.5 1,044.1 1,011.8 984.0 903.6 875.9 815.2 797.3 734.1 724.4 670.2 434.1 382.2 375.5
Debt Metrics
Total Debt 2,049.9 1,945.7 2,463.0 1,887.6 1,784.1 1,703.3 1,731.0 1,665.0 1,615.7 2,087.8 1,483.7 1,628.3 982.8 1,421.5 850.1 819.7 778.9 1,040.9 442.9 943.6 383.6 873.1 776.0 377.2 389.3 623.2 313.5 312.5 285.1 246.1 250.6 248.7 244.7 195.6 202.3 195.0 193.6 159.9 128.8 119.7 104.8 175.7 143.1 113.9
Net Debt 1,946.0 1,873.9 2,368.5 1,805.9 1,712.5 1,594.8 1,545.6 1,514.7 1,480.3 2,008.6 1,319.0 1,579.3 782.6 1,306.0 703.2 725.0 683.8 990.5 360.7 884.8 277.7 806.7 730.7 320.1 333.9 590.0 279.4 274.1 259.6 184.7 186.1 220.8 210.5 171.3 172.7 167.9 169.2 139.3 110.5 104.4 87.6 154.6 118.8 66.0
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income (18.3) 18.4 18.5 15.5 (5.6) 37.9 17.0 5.2 (6.2) 33.1 21.2 6.3 1.6 18.6 27.7 32.9 19.3 29.6 20.3 17.9 12.4 23.8 17.7 8.8 6.6 20.6 8.3 8.5 2.9 10.7 10.7 8.7 7.5 20.5 8.8 6.0 (1.7) 3.4 5.8 2.1 0.7
Depreciation & Amortization 29.4 27.9 27.3 24.0 23.9 26.5 23.5 20.4 18.8 18.5 17.1 16.1 14.3 13.8 14.0 13.3 13.1 12.5 12.2 11.3 10.6 10.5 10.6 10.7 10.3 10.3 9.8 10.1 9.2 8.5 7.5 7.4 7.1 6.7 6.6 6.1 6.2 6.5 6.3 6.0 5.9
Stock-Based Compensation 0 0 0 3.8 2.8 3.8 3.7 3.7 3.0 (2) 0 0 4.0 4.2 3.6 3.7 3.5 4.4 2.2 1.3 0.8 0.6 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.1 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.4 0.3 0.4 0.4
Change in Working Capital 17.3 (79.4) (30.9) (60.1) (48.5) (6.4) (17.3) 24.0 6.3 (65.9) (38.1) (126.4) 45.3 (101.5) (13.8) (84.0) (315.3) (98.3) (55.5) (89.5) (64.4) (52.7) (41.5) (48.8) (68.5) (103.6) (30.3) (70.8) (68.5) (44.3) 11.2 (49.7) (50.0) (71.3) (54.4) (30.8) (35.7) (25.2) (24.1) (35.0) (21.5)
Other Non-Cash Items 8.9 0.9 7.7 (8.9) (2.1) (23.0) 2.8 0.1 (1.8) 1.2 3.1 7.4 0.8 0.7 1.7 0.1 1.9 (1.3) 3.3 2.3 0.5 0.8 2.0 1.1 0.7 0.2 0.6 0.5 0.7 2.3 0.6 1.0 0.9 0.5 (0.3) (0.2) (0.0) 1.1 3.0 2.1 0.6
Operating Cash Flow 35.4 (42.9) 17.7 (26.9) (28.3) 18.4 25.1 53.3 20.8 (29.6) (6.6) (92.6) 58.8 (65.1) 34.7 (31.7) (276.1) (56.0) (19.9) (57.8) (38.7) (18.8) (10.2) (22.0) (51.6) (75.6) (11.5) (51.2) (58.1) (21.2) 25.1 (20.1) (37.1) (45.8) (39.4) (19.6) (31.8) (10.7) (7.7) (24.7) (15.1)
Investing Activities
Capital Expenditure (96.9) (55.8) (81.4) (0.1) (114.2) (79.9) (118.5) (128.0) (112.0) (93.6) (188.1) (178.0) (92.0) (125.7) (69.9) (74.6) (57.7) (33.7) (44.3) (49.3) (56.5) (55.3) (48.9) (49.4) (29.2) (62.3) (29.1) (24.7) (24.6) (82.6) (18.8) (14.4) (13.8) (18.5) (18.0) (23.1) (29.5) (28.1) (24.9) (13.9) (9.1)
Acquisitions 0 0 0.3 4.1 (4.1) 52.9 (4.1) (1.4) 8.2 (8.1) 6.2 (15.8) (9.2) 0 0 0 0 0 0 0 0 (0.0) (0.0) 0 (0.1) 0.0 (0.1) 0.0 (1.5) 59.1 (28.6) (12.7) (21.3) (0.4) 0 0 0.4 (3.6) 0 0 0
Purchases of Investments 0 (3.6) (0.2) (23.9) 0 0 0 0 0 0 (4.0) (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 0 0 0 (0.2) 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 (70.8) 0 70.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28.6 0 0 0 23.5 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 132.4 0 (108.5) 0 (4.3) 0.4 0 0 0.0 0 0 (0.0) (0.0) (0.5) 0 0 (21.5) 0 0 0 1.9 0 0 (28.5) 0 (0.1) (23.1) (23.3) (81.6) (17.9) (13.4) (12.8) 0.4 (17.3) (22.3) (29.1) (3.6) (24.4) (12.2) (8.6)
Investing Cash Flow (96.9) 2.2 (81.3) (57.7) (118.4) (31.2) (122.2) (129.4) (103.8) (101.8) (186.0) (193.8) (101.3) (125.7) (70.4) (74.6) (57.7) (55.2) (44.3) (49.3) (56.5) (53.4) (48.9) (49.4) (29.3) (62.3) (29.2) (24.7) (26.1) (23.5) (47.4) (27.1) (35.2) (18.5) (18.0) (23.1) (29.1) (31.7) (24.9) (13.9) (9.1)
Financing Activities
Net Debt Issuance 102.9 (4.7) 44.0 102.7 82.2 (21.4) 58.6 63.2 24.8 59.1 232.2 154.9 43.0 85.8 31.9 41.6 285.3 55.2 21.4 44.5 (41.3) 41.4 (0.3) (14.6) 19.0 57.9 0.0 25.3 5.7 40.3 6.4 5.4 48.6 6.0 11.9 8.6 31.7 21.8 12.3 18.1 9.1
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) (0.0) (0.1) 0 0 (0.1) 0 (0.0) (1.8) (0.4) (0.8) (0.2) (2.0) (1.9) (2.5) (1.9) 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 25.2 15.3 43.9 3.8 32.4 30.3 8.0 97.8 52.6 49.3 34.8 17.4 63.1 90.3 56.7 68.7 70.1 48.9 43.0 40.2 33.5 58.3 63.4 73.1 65.0 86.7 37.3 62.9 41.9 5.5 48.4 34.5 37.3 52.3 48.6 37.2 35.2 24.6 25.8 21.6 10.4
Financing Cash Flow 128.5 12.1 88.1 107.4 114.5 8.9 66.6 161.1 77.4 108.4 267.3 174.8 106.1 176.0 88.5 110.3 355.4 104.2 64.3 84.5 112.4 99.7 63.1 58.5 83.9 144.5 37.2 88.1 47.5 45.7 54.8 39.9 84.1 58.6 59.8 45.6 64.8 44.5 35.6 37.7 19.5
Cash Position
Net Change in Cash 31.0 (28.8) 22.6 25.2 (31.6) (6.0) (28.7) 85.1 (5.7) (22.0) 76.5 (112.0) 63.7 (13.7) 52.3 2.9 21.3 (6.7) (0.1) (22.5) 17.5 27.9 4.0 (12.8) 2.4 6.9 (3.3) 12.3 (36.5) 0.9 32.5 (7.3) 11.7 (5.3) 2.4 2.7 3.8 2.2 3.1 (1.8) (4.5)
Cash at Beginning 164.3 193.1 170.4 166.8 198.4 204.4 233.1 148.0 153.7 175.7 88.1 200.2 149.9 163.6 111.3 108.4 87.1 93.8 93.8 116.3 98.8 70.9 66.9 79.7 77.3 70.4 73.7 61.4 97.9 97.0 64.5 71.8 60.1 29.6 27.1 24.5 20.6 18.4 15.3 17.1 21.6
Cash at End 195.3 164.3 193.1 192.0 166.8 198.4 204.4 233.1 148.0 153.7 164.7 88.1 213.6 149.9 163.6 111.3 108.4 87.1 93.8 93.8 116.3 98.8 70.9 66.9 79.7 77.3 70.4 73.7 61.4 97.9 97.0 64.5 71.8 24.3 29.6 27.1 24.5 20.6 18.4 15.3 17.1
Free Cash Flow (61.5) (98.7) (63.7) (27.0) (142.5) (61.5) (93.4) (74.7) (91.1) (123.2) (194.7) (270.6) (33.3) (190.8) (35.2) (106.3) (333.9) (89.6) (64.2) (107.0) (95.2) (74.1) (59.1) (71.3) (80.9) (137.9) (40.5) (75.8) (82.7) (103.8) 6.3 (34.5) (50.9) (64.3) (57.4) (42.7) (61.3) (38.8) (32.5) (38.6) (24.2)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1
Income Statement
Revenue 401.5 581.0 526.0 472.3 352.8 532.7 500.9 438.0 298.4 441.4 335.1 327.1 271.0 331.7 441.3 577.4 474.0 415.9 273.7 273.9 252.2 314.3 282.5 223.0 212.4 306.6 212.0 198.2 150.1 217.4 205.4 197.0 167.4 211.1 204.7 166.7 134.6 174.2 180.6 162.6 133.8 173.8 189.1 152.5 115.4 181.1 168.9 142.6 100.7 176.1 161.6 126.3 110.1 156.6 163.9 164.1 146.6 188.5 227.8 165.5 146.4 179.3 191.9 141.4 105.6 133.4 132.3 89.5 73.4
Gross Profit 56.5 94.4 84.3 73.4 51.9 66.8 77.1 65.2 47.0 74.2 63.7 58.6 49.9 61.6 79.6 81.3 68.4 71.3 58.8 53.3 46.9 58.2 51.4 39.5 38.4 47.7 44.7 43.1 32.6 49.2 46.2 42.8 35.5 41.5 41.4 35.4 25.9 36.0 38.8 31.9 27.7 30.2 36.3 30.9 19.6 36.4 35.0 27.9 17.6 28.4 30.1 23.4 21.5 33.0 34.8 31.2 29.2 35.1 39.9 32.2 28.0 31.3 34.9 26.2 18.4 26.7 23.9 15.3 13.7
Operating Income 10.1 46.5 41.0 27.6 13.4 44.6 35.2 21.0 8.0 34.1 21.4 17.6 9.1 22.3 38.9 43.1 28.7 32.0 23.6 21.4 18.3 24.6 24.5 12.9 9.5 18.5 13.5 13.1 6.5 19.6 17.3 14.0 8.3 14.1 14.3 8.8 (0.6) 7.3 9.9 4.7 1.8 (3.3) 9.7 5.1 (4.4) 6.9 9.2 3.8 (6.8) 3.0 7.6 (1.9) (2.1) 6.3 10.7 8.3 3.4 12.6 16.4 13.4 8.3 12.5 18.9 12.0 2.6 11.3 11.6 1.8 0.7
Net Income (18.3) 18.4 18.5 12.9 (5.5) 37.1 17.6 5.0 (2.9) 33.7 21.3 6.4 1.1 17.9 27.4 32.2 17.4 28.2 17.4 13.7 11.2 23.5 20.0 4.4 6.2 22.2 8.9 9.2 4.1 11.6 10.7 8.7 7.0 23.8 8.5 5.8 (0.6) 3.3 5.7 2.0 1.1 1.0 4.2 2.0 (4.2) 8.7 7.3 2.7 (8.3) 1.6 4.5 (1.8) (1.9) 4.9 6.8 5.2 1.5 8.2 12.4 8.8 5.3 7.7 12.0 7.7 1.3 9.6 8.2 1.7 0.4
EPS (Diluted) -0.35 0.34 0.35 0.24 -0.10 0.70 0.33 0.09 -0.06 0.63 0.40 0.12 0.02 0.34 0.51 0.61 0.32 0.53 0.33 0.26 0.22 0.47 0.41 0.09 0.13 0.46 0.19 0.19 0.09 0.24 0.23 0.19 0.15 0.52 0.19 0.13 -0.01 0.07 0.12 0.04 0.02 0.02 0.09 0.04 -0.09 0.18 0.16 0.06 -0.18 0.03 0.10 -0.04 -0.04 0.11 0.15 0.10 0.04 0.18 0.27 0.19 0.12 0.17 0.28 0.21 0.03 0.28 0.23 0.03 0.01
Balance Sheet
Cash & Equivalents 104.0 71.8 94.6 81.6 71.6 108.5 185.4 150.3 135.4 79.3 164.7 49.0 200.2 115.5 146.9 94.6 95.1 50.5 82.2 58.8 105.8 66.4 45.4 57.1 55.4 33.2 34.1 38.3 25.5 61.4 64.5 28.0 34.1 24.3 29.6 27.1 24.5 20.6 18.4 15.3 17.1 21.1 24.4 47.9
Total Assets 4,641.3 4,537.1 4,426.4 4,295.3 4,169.9 4,158.5 3,982.2 3,965.1 3,803.3 3,713.8 3,461.0 3,041.0 2,967.3 2,876.8 3,038.0 2,884.8 2,530.6 2,224.8 1,968.2 1,938.7 1,848.7 1,754.1 1,584.7 1,459.5 1,413.6 1,374.0 1,170.4 1,109.9 1,198.7 1,161.6 1,114.5 1,044.1 1,011.8 984.0 903.6 875.9 815.2 797.3 734.1 724.4 670.2 434.1 382.2 375.5
Total Debt 2,049.9 1,945.7 2,463.0 1,887.6 1,784.1 1,703.3 1,731.0 1,665.0 1,615.7 2,087.8 1,483.7 1,628.3 982.8 1,421.5 850.1 819.7 778.9 1,040.9 442.9 943.6 383.6 873.1 776.0 377.2 389.3 623.2 313.5 312.5 285.1 246.1 250.6 248.7 244.7 195.6 202.3 195.0 193.6 159.9 128.8 119.7 104.8 175.7 143.1 113.9
Stockholders' Equity 1,110.0 1,080.2 1,055.7 1,034.6 1,011.9 1,013.2 937.3 914.7 904.9 902.0 868.5 843.5 828.9 824.0 797.7 766.4 729.9 704.3 668.8 645.6 628.9 492.8 463.1 439.7 432.2 428.9 402.0 390.3 381.7 376.9 364.2 350.7 340.3 336.6 312.0 303.2 296.4 294.3 292.2 287.9 288.9 110.8 105.2 102.8
Cash Flow
Operating Cash Flow 35.4 (42.9) 17.7 (26.9) (28.3) 18.4 25.1 53.3 20.8 (29.6) (6.6) (92.6) 58.8 (65.1) 34.7 (31.7) (276.1) (56.0) (19.9) (57.8) (38.7) (18.8) (10.2) (22.0) (51.6) (75.6) (11.5) (51.2) (58.1) (21.2) 25.1 (20.1) (37.1) (45.8) (39.4) (19.6) (31.8) (10.7) (7.7) (24.7) (15.1)
Capital Expenditure (96.9) (55.8) (81.4) (0.1) (114.2) (79.9) (118.5) (128.0) (112.0) (93.6) (188.1) (178.0) (92.0) (125.7) (69.9) (74.6) (57.7) (33.7) (44.3) (49.3) (56.5) (55.3) (48.9) (49.4) (29.2) (62.3) (29.1) (24.7) (24.6) (82.6) (18.8) (14.4) (13.8) (18.5) (18.0) (23.1) (29.5) (28.1) (24.9) (13.9) (9.1)
Free Cash Flow (61.5) (98.7) (63.7) (27.0) (142.5) (61.5) (93.4) (74.7) (91.1) (123.2) (194.7) (270.6) (33.3) (190.8) (35.2) (106.3) (333.9) (89.6) (64.2) (107.0) (95.2) (74.1) (59.1) (71.3) (80.9) (137.9) (40.5) (75.8) (82.7) (103.8) 6.3 (34.5) (50.9) (64.3) (57.4) (42.7) (61.3) (38.8) (32.5) (38.6) (24.2)