Antero Resources Corporation logo AR - Antero Resources Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 33
HOLD 16
SELL 0
STRONG
SELL
0
| PRICE TARGET: $48.89 DETAILS
HIGH: $57.00
LOW: $38.00
MEDIAN: $49.00
CONSENSUS: $48.89
UPSIDE: 33.03%
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
Revenue
Revenue 1,862.6 1,283.5 1,133.5 1,204.0 1,392.6 1,149.5 983.6 928.1 1,057.6 1,107.3 1,062.0 893.6 1,216.1 1,800.9 2,425.7 2,351.8 1,719.9 1,902.8 1,539.7 1,142.8 1,205.4 993.6 798.0 587.9 704.4 873.0 850.0 906.4 1,019.0 1,197.3 925.1 768.4 762.1 747.9 660.2 651.6 688.3 592.5 486.1 341.2 341.9 327.0 328.6 329.1 412.4 476.1 435.7 433.1 413.9 273.8 222.6 191.7 133.4 107.8 67.1 45.0 45.2
Cost of Revenue 1,120.9 1,012.2 961.1 961.4 970.7 1,020.7 932.4 923.8 950.0 904.1 913.9 900.3 891.4 900.6 1,006.4 936.7 829.3 894.9 888.6 884.0 868.3 925.8 942.3 890.6 839.6 799.1 910.2 881.0 742.1 763.4 636.5 601.9 572.7 550.9 535.6 507.5 509.9 482.1 463.4 432.9 430.9 361.8 370.5 372.9 378.3 337.0 283.6 235.4 200.6 169.8 138.6 112.8 91.0 82.5 57.3 47.6 32.1
Gross Profit 741.8 271.3 172.4 242.7 421.9 128.8 51.2 4.3 107.5 203.2 148.1 (6.7) 324.7 900.3 1,419.2 1,415.1 890.7 1,008.0 651.1 258.8 337.0 67.8 (144.3) (302.7) (135.2) 73.9 (60.2) 25.4 276.9 433.9 288.6 166.5 189.4 197.0 124.6 144.1 178.4 110.4 22.7 (91.7) (89.0) (34.8) (41.8) (43.8) 34.1 139.1 152.1 197.7 213.3 104.1 83.9 78.8 42.4 25.2 9.8 (2.7) 13.1
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 125.9 100.3 108.0 109.2 105.2 111.6 116.8 130.2 115.7 122.8 128.0 120.1 138.6 165.6 228.3 175.7 134.6 220.2 299.2 231.2 206.2 167.7 160.2 151.5 124.5 173.2 144.1 179.9 231.3 183.9 211.6 275.1 255.8 180.2 141.1 141.5 154.7 186.2 172.2 186.1 194.2 140.6 121.5 138.2 132.4 99.5 85.2 72.3 63.0 384.7 14.4 13.6 12.7 13.7 11.9 10.5 9.2
Other Expenses (45.6) (36.1) (39.5) (38.4) (30.2) 14.0 (59.7) (45.8) (55.9) (74.4) (35.6) (37.8) (145.4) (208.1) 416.8 177.9 960.7 (468.6) 1,036.0 670.6 36.3 (245.1) 449.6 152.8 (522.2) (31.8) 781.6 (254.5) 79.3 296.7 72.2 (75.8) (212.9) (170.2) 55.6 (121.1) (477.7) 556.2 (616.8) 612.1 (362.0) (488.6) (1,104.4) (18.3) (798.0) (988.1) (314.5) 130.7 254.4 (199.3) (153.1) (183.1) 78.1 (112.5) 164.7 10.3 (506.4)
Operating Expenses 80.3 64.2 68.6 70.7 75.1 125.6 57.1 84.4 59.8 48.4 92.3 82.3 (6.7) (42.5) 645.1 353.6 1,095.3 (248.4) 1,335.2 901.7 242.5 (77.4) 609.8 304.2 (397.7) 141.3 925.7 (74.6) 310.6 480.6 283.8 199.3 42.9 9.9 196.7 20.4 (323.0) 742.4 (444.6) 798.2 (167.8) (348.0) (983.0) 120.0 (665.6) (888.6) (229.3) 203.1 317.4 185.4 (138.7) (169.5) 90.8 (98.8) 176.7 20.8 (497.3)
Operating Income
Operating Income 661.5 207.1 103.8 171.9 346.9 3.2 (5.9) (80.1) 47.7 154.8 55.7 (88.9) 331.5 942.8 774.2 1,061.5 (204.6) 1,256.3 (684.1) (643.0) 94.5 145.2 (754.1) (606.9) 262.4 (67.5) (985.9) 100.0 (33.7) (46.6) 4.8 (32.8) 146.5 187.1 (72.1) 123.7 501.3 (632.0) 467.3 (889.9) 78.7 313.2 941.1 (163.7) 699.7 1,027.7 381.4 (5.3) (104.1) (81.3) 222.6 248.4 (48.5) 124.0 (166.9) (23.5) 510.3
Interest Expense 37.0 22.1 18.2 20.0 23.4 27.1 28.3 32.7 30.2 32.6 31.6 27.9 25.7 25.1 28.3 34.2 37.7 43.7 45.4 50.0 42.7 46.9 48.0 51.8 53.1 54.2 47.8 54.2 72.0 78.4 74.5 69.3 64.4 63.4 70.1 68.6 66.7 67.9 59.8 62.6 63.3 60.5 60.9 59.8 53.2 49.0 42.5 37.3 31.3 35.8 37.4 33.5 29.9 26.5 22.5 24.2 24.4
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 0 0 0 0 0 0 0
Profitability
EBITDA 938.0 483.0 336.9 423.2 484.5 276.6 154.9 130.2 262.3 353.5 255.1 102.8 517.5 1,133.5 928.9 1,246.0 (19.2) 1,444.0 (499.1) (471.8) 223.5 375.7 (435.0) (338.5) (194.9) (343.6) (861.3) 356.8 1,627.6 229.5 259.4 215.3 383.3 407.3 142.6 329.2 706.9 (428.1) 668.6 (691.4) 270.9 475.4 1,130.2 13.7 882.4 1,185.0 506.3 79.8 (12.6) (48.4) 288.6 301.2 (7.8) 160.8 (140.0) (1.1) 526.4
EBIT 730.7 295.0 147.2 234.7 297.2 27.1 19.2 (59.2) 71.1 178.5 77.9 (69.8) 349.1 959.6 758.7 1,071.8 (190.1) 1,265.3 (679.8) (660.5) 28.7 165.9 (674.6) (553.7) (395.7) (535.4) (1,103.7) 113.6 1,386.4 (34.2) 15.5 (23.5) 154.4 192.9 (65.0) 127.4 503.6 (650.5) 468.9 (889.4) 78.7 313.2 941.1 (163.7) 699.7 1,027.7 381.4 (25.7) (104.1) (123.9) 222.6 248.4 (48.5) 124.0 (166.9) (23.5) 510.3
Income Before Tax 693.7 272.9 128.9 214.8 273.9 0.1 (9.1) (91.9) 40.9 145.9 46.3 (97.8) 323.4 934.5 730.3 1,037.6 (227.8) 1,221.5 (725.2) (710.4) (14.1) 119.0 (722.6) (605.5) (448.8) (589.6) (1,151.5) 59.4 1,314.5 (112.6) (59.0) (92.8) 89.9 129.5 (135.1) 58.8 436.9 (718.4) 409.1 (952.0) 15.5 252.8 880.2 (223.6) 646.5 978.7 338.9 (62.9) (135.4) (159.7) 185.2 214.9 (78.4) 97.5 (189.3) (47.7) 486.0
Income Tax Expense 145.5 69.9 43.3 48.2 54.4 (116.1) 1.2 (17.3) 6.2 30.0 13.7 (29.8) 62.2 140.4 135.8 225.6 (53.1) 263.5 (158.7) (176.0) (2.9) 23.7 (168.8) (142.4) (110.0) (107.4) (272.6) 17.2 288.7 (131.4) 19.0 (25.6) 9.1 (400.1) (45.1) 18.8 131.3 (265.6) 140.9 (376.5) 4.8 77.2 335.5 (84.1) 247.3 369.8 135.0 (18.5) (40.7) 65.5 67.4 83.7 (30.4) 12.7 (75.4) (14.4) 198.4
Net Income 535.2 193.7 76.2 156.6 208.0 107.0 (20.4) (79.8) 22.7 94.8 17.8 (83.1) 213.4 730.3 559.8 765.1 (156.4) 901.4 (549.3) (523.5) (15.5) 69.8 (535.6) (463.3) (338.8) (482.2) (878.9) 42.2 978.8 (121.5) (154.4) (136.4) 14.8 486.9 (135.1) (5.1) 268.4 (485.8) 238.3 (596.2) (5.1) 158.5 533.8 (145.4) 394.4 606.7 203.9 (42.3) (94.8) (223.0) 120.9 131.2 (48.0) (7.0) (127.7) (478.1) 327.7
Per Share Data
EPS (Basic) 1.73 0.63 0.25 0.50 0.67 0.34 -0.07 -0.26 0.07 0.17 0.06 -0.28 0.72 2.44 1.83 2.46 -0.50 2.87 -1.75 -1.70 -0.05 0.26 -1.99 -1.73 -1.19 -1.61 -2.86 0.14 3.17 -0.39 -0.49 -0.43 0.05 1.54 -0.43 -0.02 0.85 -1.54 0.78 -2.12 -0.02 0.57 1.93 -0.52 1.49 2.29 0.78 -0.16 -0.36 -0.85 0.46 0.50 -0.18 -0.03 -0.49 -1.84 1.26
EPS (Diluted) 1.72 0.62 0.24 0.50 0.66 0.34 -0.07 -0.26 0.07 0.16 0.06 -0.28 0.69 2.31 1.72 2.29 -0.50 2.65 -1.75 -1.70 -0.05 0.21 -1.99 -1.73 -1.19 -1.61 -2.86 0.14 3.17 -0.39 -0.49 -0.43 0.05 1.54 -0.43 -0.02 0.85 -1.54 0.77 -2.12 -0.02 0.57 1.93 -0.52 1.49 2.29 0.78 -0.16 -0.36 -0.85 0.46 0.50 -0.18 -0.03 -0.49 -1.84 1.26
Shares Outstanding 308.9 308.5 308.8 310.3 311.3 309.5 311.0 310.8 304.9 301.8 300.1 300.1 296.8 299.0 325.4 334.1 312.8 313.9 313.8 307.9 296.7 268.7 268.5 267.8 284.2 300.1 307.3 309.1 308.7 311.1 315.1 317.0 316.5 316.5 314.1 315.4 315.0 315.0 306.8 281.2 277.1 277.1 277.0 277.0 265.3 265.3 262.0 261.7 262.0 262.0 260.1 260.1 260.1 260.1 260.1 260.1 260.1
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
Current Assets
Cash & Cash Equivalents 0 210 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.5 0 0 0 0 0 0 0 0 0 0 0 50.6 23.2 28.4 23.7 40.2 0 31.6 18.5 28.3 39.9
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
Net Receivables 486.6 507.2 394.0 399.5 553.8 488.0 345.3 386.0 366.3 443.4 410.3 360.3 409.5 743.2 948.1 977.4 706.6 670.4 687.3 529.9 533.2 453.8 426.8 311.9 293.3 489.3 310.4 358.8 414.1 525.9 400.6 356.9 306.6 335.0 277.4 235.1 256.9 291.6 256.0 205.1 215.2
Inventory 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 Current Assets 191.3 100 24.4 18.4 8.3 7.1 16.3 13.2 24.0 19.4 12.1 24.4 28.1 33.8 29.5 38.1 18.1 15.7 21.6 16.0 53.1 120.4 95.0 530.4 826.8 433.6 419.1 354.3 130.8 280.7 506.0 427.4 470.3 469.6 309.8 460.6 246.8 79.3 421.0 436.4 983.3
Total Current Assets 677.9 831.8 427.8 427.5 574.8 507.5 368.6 409.0 402.7 475.7 422.4 384.7 437.6 787.5 977.7 1,015.5 724.8 686.1 708.9 550.4 586.3 574.1 521.8 842.3 1,120.0 922.9 729.5 713.0 544.9 806.6 906.6 834.9 800.0 833.1 611.0 735.9 503.7 402.6 695.5 669.8 1,238.3
Non-Current Assets
Property, Plant & Equipment 2,209.0 11,337.8 12,180.9 12,052.9 12,198.6 12,236.9 12,592.0 12,755.5 12,886.0 12,890.5 13,066.4 13,138.5 13,187.9 13,083.1 13,192.3 12,947.2 12,818.1 12,947.0 12,502.5 12,029.9 12,117.3 12,260.5 12,494.7 12,500.1 12,809.3 12,865.2 13,144.9 14,246.2 14,404.9 13,869.9 13,784.4 13,681.2 13,493.7 13,235.6 13,035.2 12,809.8 12,305.3 12,026.7 11,837.2 11,097.9 10,917.8
Goodwill 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
Intangible Assets 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
Long-Term Investments 304.0 258.2 256.5 249.2 239.7 231.0 226.9 223.6 226.0 222.3 220.1 218.2 219.5 220.4 222.9 229.1 234.4 232.4 236.6 237.7 241.2 255.1 272.9 279.8 292.0 1,055.2 1,819.3 1,967.2 1,989.6 433.6 392.9 358.8 321.5 303.3 287.8 259.7 230.4 68.3 0 0 0
Other Non-Current Assets 12,158.5 817.6 46.9 36.4 36.2 34.5 36.1 27.8 33.8 30.9 27.7 25.4 26.1 26.9 20.6 20.9 26.2 31.1 23.6 30.3 55.6 61.1 60.3 121.8 304.5 354.3 426.6 404.4 349.4 409.3 718.6 815.7 807.6 889.5 915.2 1,636.8 1,849.2 1,757.9 2,096.6 1,791.1 2,132.6
Total Non-Current Assets 14,671.5 13,458.1 12,484.3 12,338.5 12,474.5 12,502.5 12,855.0 13,006.9 13,145.8 13,143.7 13,314.1 13,382.1 13,433.5 13,330.5 13,435.7 13,197.2 13,078.7 13,210.4 12,762.7 12,297.9 12,414.1 12,576.7 12,828.0 12,901.7 13,405.8 14,274.7 15,390.8 16,617.8 16,743.8 14,712.9 14,895.9 14,855.7 14,622.8 14,428.4 14,238.3 14,706.3 14,385.0 13,853.0 13,933.8 12,889.0 13,050.4
Total Assets 15,349.4 14,289.8 12,912.1 12,766.1 13,049.3 13,010.0 13,223.6 13,415.8 13,548.5 13,619.4 13,736.6 13,766.8 13,871.1 14,118.0 14,413.4 14,212.7 13,803.5 13,896.5 13,471.5 12,848.3 13,000.4 13,150.8 13,349.7 13,744.0 14,525.8 15,197.6 16,120.3 17,330.9 17,288.7 15,519.5 15,802.5 15,690.6 15,422.8 15,261.5 14,849.2 15,442.2 14,888.7 14,255.5 14,629.3 13,558.8 14,288.7
Current Liabilities
Account Payables 78.0 151.0 61.1 39.9 55.3 62.2 37.1 38.2 38.1 39.0 81.9 60.9 83.7 77.5 103.6 87.9 67.8 24.8 60.4 39.6 42.0 26.7 55.2 36.7 37.9 14.5 32.5 44.8 48.1 66.3 91.9 96.5 73.2 63.0 47.5 51.6 37.7 38.6 172.3 211.1 250.8
Short-Term Debt 536.3 516.3 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
Deferred Revenue 23.6 23.5 23.9 24.4 24.8 25.3 25.7 26.2 26.6 27.1 28.0 28.9 29.8 30.6 32.3 34.1 35.9 37.6 39.5 41.5 43.4 45.3 43.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,055.3 812.6 20.9 42.0 97.8 35.0 18.4 23.8 15.4 16.5 37.4 42.2 30.8 99.5 618.2 792.1 1,168.4 571.0 1,452.6 746.0 151.4 33.5 110.4 10.5 7.3 13.6 4.4 4.4 8.8 8.9 18.9 42.2 56.1 46.3 19.6 20.0 70.4 221.0 22.2 22.0 19.7
Total Current Liabilities 1,693.2 1,503.3 1,386.0 1,404.7 1,485.3 1,445.9 1,324.0 1,406.0 1,382.9 1,452.1 1,461.1 1,506.9 1,497.5 1,774.9 2,544.0 2,475.4 2,551.1 2,068.1 2,802.7 1,883.1 1,221.3 983.1 1,035.4 864.2 971.9 1,040.1 1,171.2 1,221.1 1,266.8 853.5 813.9 788.7 789.9 762.1 717.7 693.1 723.4 817.4 611.9 569.4 645.1
Non-Current Liabilities
Long-Term Debt 2,664.8 3,008.3 1,307.2 1,098.7 1,285.4 1,489.2 1,622.3 1,591.2 1,510.1 1,537.6 1,606.9 1,492.3 1,312.0 1,183.5 1,172.8 1,577.2 1,959.9 2,125.4 2,341.0 2,415.2 2,568.7 3,001.6 3,158.2 3,518.1 3,707.8 3,758.9 3,703.8 3,602.4 3,475.9 5,461.7 5,487.0 5,288.3 4,876.7 4,800.1 4,510.5 5,292.0 4,775.3 4,704.0 4,759.9 4,244.0 4,702.8
Deferred Tax Liabilities 1,141.9 1,951.7 839.1 795.8 746.8 693.3 832.0 830.8 844.2 834.3 805.8 792.1 822.0 759.9 619.3 483.7 254.6 318.1 55.6 214.3 395.2 412.3 381.2 529.6 672.0 782.0 916.0 1,189.0 1,171.9 650.8 782.1 763.2 788.8 779.6 1,180.6 1,100.4 1,081.6 950.2 1,215.2 1,063.3 1,439.8
Other Non-Current Liabilities 70.8 (1,513.4) 90.6 79.8 87.5 79.2 73.6 79.6 85.6 92.2 115.8 121.1 136.5 405.0 503.8 449.7 368.2 236.3 392.2 262.7 155.8 158.9 213.4 64.9 60.6 62.2 59.4 58.0 56.8 63.1 48.4 47.4 46.4 43.5 53.2 53.9 54.4 55.4 61.9 81.1 80.7
Total Non-Current Liabilities 5,433.1 5,070.9 4,008.4 3,876.8 4,155.2 4,347.6 4,718.3 4,817.9 4,893.7 4,953.2 5,177.3 5,191.6 5,203.2 5,326.0 5,399.1 5,463.4 5,523.8 5,762.3 5,533.6 5,246.8 5,551.1 6,077.5 6,330.5 6,446.8 6,961.4 7,186.7 7,502.4 7,770.1 7,729.2 6,178.4 6,317.5 6,099.0 5,711.9 5,623.3 5,744.3 6,446.3 5,911.3 5,709.6 6,037.1 5,388.4 6,223.3
Total Liabilities 7,126.2 6,574.2 5,394.4 5,281.6 5,640.5 5,793.5 6,042.3 6,223.9 6,276.6 6,405.3 6,638.4 6,698.5 6,700.8 7,100.9 7,943.1 7,938.8 8,074.8 7,830.4 8,336.3 7,129.9 6,772.4 7,060.6 7,365.9 7,311.0 7,933.2 8,226.8 8,673.6 8,991.2 8,995.9 7,032.0 7,131.4 6,887.7 6,501.8 6,385.4 6,462.0 7,139.4 6,634.7 6,527.0 6,649.0 5,957.9 6,868.4
Stockholders' Equity
Common Stock 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.0 3.0 3.0 3.0 3.0 3.0 3.1 3.1 3.1 3.1 3.1 3.0 2.7 2.7 2.7 2.7 3.0 3.0 3.1 3.1 3.1 3.2 3.2 3.2 3.2 3.2 3.2 3.1 3.1 3.1 3.0 2.8
Retained Earnings 2,217.5 1,682.3 1,488.6 1,435.3 1,312.4 1,109.2 1,082.1 1,102.5 1,168.2 1,131.8 1,037.1 1,019.3 1,102.3 913.9 266.5 (119.1) (795.8) (617.4) (1,518.8) (969.4) (446.0) (430.5) (500.3) 35.3 498.6 837.4 1,319.6 2,198.5 2,156.3 1,177.5 1,299.1 1,453.5 1,589.9 1,575.1 1,088.2 1,223.3 1,228.4 960.0 1,445.8 1,207.5 1,803.8
Accumulated Other Comprehensive 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
Total Stockholders' Equity 8,063.0 7,550.8 7,345.8 7,305.6 7,218.4 7,021.6 6,980.0 6,985.0 7,050.9 6,981.4 6,862.1 6,825.9 6,911.4 6,754.6 6,211.5 6,003.6 5,473.8 5,757.2 4,850.3 5,397.5 5,874.7 5,767.7 5,668.1 6,136.2 6,592.5 6,970.7 7,446.7 8,339.7 8,292.8 7,665.8 7,913.6 8,054.2 8,181.1 8,149.2 7,655.7 7,661.5 7,638.7 6,262.6 6,580.7 6,233.4 6,058.3
Total Liabilities & Equity 15,349.4 14,289.8 12,912.1 12,766.1 13,049.3 13,010.0 13,223.6 13,415.8 13,548.5 13,619.4 13,736.6 13,766.8 13,871.1 14,118.0 14,413.4 14,212.7 13,803.5 13,896.5 13,471.5 12,848.3 13,000.4 13,150.8 13,349.7 13,744.0 14,525.8 15,197.6 16,120.3 17,330.9 17,288.7 15,519.5 15,802.5 15,690.6 15,422.8 15,261.5 14,849.2 15,442.2 14,888.7 14,255.5 14,629.3 13,558.8 14,288.7
Debt Metrics
Total Debt 4,750.7 5,136.9 3,570.2 3,491.7 3,807.1 4,033.5 4,276.6 4,384.9 4,445 4,506.1 4,739.3 4,758.0 4,717.1 4,630.0 4,715.8 4,933.5 5,245.8 5,545.9 5,311.4 4,902.1 5,118.9 5,616.4 5,819.9 6,082.8 6,524.4 6,647.9 6,937.0 6,936.8 6,913.6 5,467.0 5,487.0 5,288.3 4,876.7 4,800.1 4,510.5 5,292.0 4,775.3 4,704.0 4,759.9 4,244.0 4,702.8
Net Debt 4,750.7 4,926.9 3,570.2 3,491.7 3,807.1 4,033.5 4,276.6 4,384.9 4,445 4,506.1 4,739.3 4,758.0 4,717.1 4,630.0 4,715.8 4,933.5 5,245.8 5,545.9 5,311.4 4,897.6 5,118.9 5,616.4 5,819.9 6,082.8 6,524.4 6,647.9 6,937.0 6,936.8 6,913.6 5,467.0 5,487.0 5,237.7 4,853.6 4,771.6 4,486.8 5,251.8 4,775.3 4,672.4 4,741.4 4,215.8 4,662.9
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 548.2 202.9 85.6 166.6 219.5 116.2 17.5 (74.6) 34.7 115.9 32.6 (67.9) 261.2 794.1 594.5 812.0 (174.7) 958.0 (566.6) (534.5) (11.1) 95.3 (553.8) (463.1) (338.8) (482.2) (878.9) 42.2 1,025.8 18.7 (78.0) (67.3) 80.8 529.6 (90) 40.0 305.6 (452.8) 268.2 (575.5) 10.7
Depreciation & Amortization 207.3 188.0 189.7 188.5 187.3 249.5 135.7 189.4 191.3 175.0 177.1 172.6 168.5 173.8 170.2 174.2 170.8 178.7 180.7 188.7 194.8 209.8 239.5 215.1 200.8 191.8 242.4 243.2 241.2 263.7 243.9 238.8 228.9 214.4 207.6 201.8 203.4 222.4 199.7 198.0 192.2
Stock-Based Compensation 11.7 14.3 15.5 15.9 15.1 17.2 16.1 17.2 16.1 14.5 18.5 13.5 13.0 12.2 10.4 8.2 4.6 5.2 5.3 4.2 5.6 6.3 5.7 8.0 3.3 4.2 3.9 6.5 8.9 14.0 16.2 19.1 21.2 24.5 26.4 27.0 25.5 26.8 26.4 25.8 23.5
Change in Working Capital 179.9 (37.8) 9.0 116.5 (81.7) (39.9) (10.6) 11.4 14.4 9.3 (76.8) 51.1 159.7 (97.6) 214.0 (43.2) (136.0) 61.1 (28.3) 21.4 60.5 (30.2) (80.3) (6.3) 7.7 (91.8) (13.7) 31.9 109.1 (41.7) (2.1) (37.8) 56.1 (54.1) 29.9 2.9 97.3 (68.9) 17.3 (30.2) 48.8
Other Non-Cash Items (231.9) (64.9) (33.0) (44.1) 64.1 51.5 (1.3) 17.5 (0.9) (31.0) 18.3 15.8 (320.6) (547.9) (37.1) (257.6) 758.3 (991.2) 880.2 804.7 316.8 (67.0) 738.7 504.6 437.6 637.1 1,117.6 (122.9) (1,133.8) 698.2 222.4 170.2 145.4 (0.8) 916.3 (36.8) (369.2) 862.7 (325.6) 996.9 60.2
Operating Cash Flow 859.1 370.7 310.1 492.4 457.7 278.0 166.2 143.5 261.6 312.2 183.4 155.3 343.9 475.3 1,087.7 922.7 565.7 475.2 312.7 308.5 563.7 243.1 175.9 116.0 200.7 147.9 198.4 218.1 539.0 821.6 421.5 297.4 541.5 313.5 1,045.2 253.6 393.9 335.6 327.0 238.5 340.2
Investing Activities
Capital Expenditure (29.2) (52.7) 31.0 (208.4) (31.0) (22.8) 221.2 (187.7) (33.5) (226.6) (32.7) (41.3) (78.2) (31.0) (49.1) (51.9) (31.3) (51.7) (31.2) (13.8) (18.0) (15.6) (9.6) (11.8) (11.1) (19.6) (14.3) (30.9) (103.2) (171.4) (194.3) (170.1) (186.1) (163.7) (204.5) (357.3) (209.3) (250.1) (682.2) (120.5) (114.9)
Acquisitions (2,794.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 125 100 0 0 271.6 (45.1) (35.1) (38.9) (17.4) (18.2) (25.4) (31.5) (159.9) (30.5) 0 (45.0) 0
Purchases of 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
Sales/Maturities of 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
Other Investing Activities 540.0 (170.9) (507.0) (170.3) (176.9) (103.1) (147.6) (168.3) (193.3) (211.3) (243.4) (245.9) (272.6) (194.3) (194.4) (207.8) (183.8) (153.6) (171.3) (166.1) (104.9) (130.4) 75.1 (251.1) (300.6) (296.6) (265.4) (309.9) (373.2) (363.9) (368.5) (399.7) (360.1) (331.4) (320.9) (320.3) (319.3) (139.9) (254.1) (353.5) (404.4)
Investing Cash Flow (2,283.5) (223.6) (448.8) (197.5) (207.9) (125.9) (174.1) (187.3) (226.8) (226.6) (276.1) (287.2) (350.8) (225.2) (243.5) (259.7) (215.1) (205.3) (202.6) (179.9) (123.0) (146.0) 65.5 (262.9) (186.7) (216.2) (279.7) (340.8) (204.8) (580.4) (598.0) (608.8) (563.6) (513.3) (550.8) (709.1) (688.5) (420.5) (936.3) (519.1) (519.3)
Financing Activities
Net Debt Issuance 1,277.9 82.5 207.1 (187.8) (207.1) (133.6) 30.7 80.7 (1.9) (57.2) 114.2 179.8 145.2 9.6 (414.4) (383.9) (204.2) (227.8) (92.2) (203.0) (394.8) (129.0) (214.9) (151.7) 29.2 85.9 100 125 380 (21.6) 197 410 75 288 (783) 515 70 (65.8) 525 (460) 33
Stock Repurchased 0 (0.1) (51.4) (74.9) (10.1) (2.6) (0.7) (17.3) (9.0) 0.0 (0.1) (15.9) (75.4) (198.3) (382.4) (193.0) (100.0) (0.6) (3.2) (3.9) (5.6) (0.0) (0.0) (0.8) (42.7) (20.8) (17.9) (1.8) (0.5) (129.1) (0.2) (6.9) (1.1) 0 0 0 0 0 0 0 0
Dividends Paid 0 0 (93.9) 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 (63.5) (19.5) 76.9 (32.2) (32.6) (16.6) (22.1) (19.6) (23.9) (28.4) (21.4) (31.9) (63.0) (61.3) (47.4) (86.1) (46.3) (41.5) (19.3) 82.8 (40.3) 32.0 (26.4) 299.4 (0.5) 3.2 (0.7) (0.5) (94.2) (90.5) (70.8) (64.3) (57.2) (83.4) (41.4) (42.9) (30.2) (57.0) (29.8) (23.7) (15.5)
Financing Cash Flow 1,214.4 62.9 138.7 (294.9) (249.8) (152.1) 7.9 43.8 (34.8) (85.5) 92.7 132.0 6.9 (250.0) (844.1) (663.0) (350.6) (269.8) (114.6) (124.1) (440.8) (97.1) (241.4) 147.0 (14.0) 68.2 81.3 122.7 285.3 (241.2) 125.9 338.8 16.7 204.6 (511.0) 495.6 262.9 98.0 599.6 268.9 195.5
Cash Position
Net Change in Cash (210) 210 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (114.6) (124.1) 0 0 0 0 0 0 0 0 285.3 0 125.9 27.5 (5.3) 4.7 (16.5) 495.6 262.9 13.1 (9.7) (11.6) 16.4
Cash at Beginning 210 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.5 128.6 0 0 0 0 0 0 0 0 0 0 50.6 23.2 28.4 23.7 40.2 (455.4) 31.6 18.5 28.3 39.9 23.5
Cash at End 0 210 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (110.1) 4.5 0 0 0 0 0 0 0 0 285.3 0 176.5 50.6 23.2 28.4 23.7 40.2 294.5 31.6 18.5 28.3 39.9
Free Cash Flow 829.9 318.0 341.1 283.9 426.7 255.2 387.4 (44.2) 228.1 85.5 150.7 113.9 265.7 444.3 1,038.6 870.8 534.4 423.4 281.4 294.8 545.7 227.5 166.3 104.2 189.5 128.3 184.1 187.3 435.8 650.2 227.1 127.2 355.5 149.7 840.8 (103.6) 184.6 85.5 (355.2) 118.1 225.2
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
Income Statement
Revenue 1,862.6 1,283.5 1,133.5 1,204.0 1,392.6 1,149.5 983.6 928.1 1,057.6 1,107.3 1,062.0 893.6 1,216.1 1,800.9 2,425.7 2,351.8 1,719.9 1,902.8 1,539.7 1,142.8 1,205.4 993.6 798.0 587.9 704.4 873.0 850.0 906.4 1,019.0 1,197.3 925.1 768.4 762.1 747.9 660.2 651.6 688.3 592.5 486.1 341.2 341.9 327.0 328.6 329.1 412.4 476.1 435.7 433.1 413.9 273.8 222.6 191.7 133.4 107.8 67.1 45.0 45.2
Gross Profit 741.8 271.3 172.4 242.7 421.9 128.8 51.2 4.3 107.5 203.2 148.1 (6.7) 324.7 900.3 1,419.2 1,415.1 890.7 1,008.0 651.1 258.8 337.0 67.8 (144.3) (302.7) (135.2) 73.9 (60.2) 25.4 276.9 433.9 288.6 166.5 189.4 197.0 124.6 144.1 178.4 110.4 22.7 (91.7) (89.0) (34.8) (41.8) (43.8) 34.1 139.1 152.1 197.7 213.3 104.1 83.9 78.8 42.4 25.2 9.8 (2.7) 13.1
Operating Income 661.5 207.1 103.8 171.9 346.9 3.2 (5.9) (80.1) 47.7 154.8 55.7 (88.9) 331.5 942.8 774.2 1,061.5 (204.6) 1,256.3 (684.1) (643.0) 94.5 145.2 (754.1) (606.9) 262.4 (67.5) (985.9) 100.0 (33.7) (46.6) 4.8 (32.8) 146.5 187.1 (72.1) 123.7 501.3 (632.0) 467.3 (889.9) 78.7 313.2 941.1 (163.7) 699.7 1,027.7 381.4 (5.3) (104.1) (81.3) 222.6 248.4 (48.5) 124.0 (166.9) (23.5) 510.3
Net Income 535.2 193.7 76.2 156.6 208.0 107.0 (20.4) (79.8) 22.7 94.8 17.8 (83.1) 213.4 730.3 559.8 765.1 (156.4) 901.4 (549.3) (523.5) (15.5) 69.8 (535.6) (463.3) (338.8) (482.2) (878.9) 42.2 978.8 (121.5) (154.4) (136.4) 14.8 486.9 (135.1) (5.1) 268.4 (485.8) 238.3 (596.2) (5.1) 158.5 533.8 (145.4) 394.4 606.7 203.9 (42.3) (94.8) (223.0) 120.9 131.2 (48.0) (7.0) (127.7) (478.1) 327.7
EPS (Diluted) 1.72 0.62 0.24 0.50 0.66 0.34 -0.07 -0.26 0.07 0.16 0.06 -0.28 0.69 2.31 1.72 2.29 -0.50 2.65 -1.75 -1.70 -0.05 0.21 -1.99 -1.73 -1.19 -1.61 -2.86 0.14 3.17 -0.39 -0.49 -0.43 0.05 1.54 -0.43 -0.02 0.85 -1.54 0.77 -2.12 -0.02 0.57 1.93 -0.52 1.49 2.29 0.78 -0.16 -0.36 -0.85 0.46 0.50 -0.18 -0.03 -0.49 -1.84 1.26
Balance Sheet
Cash & Equivalents 0 210 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.5 0 0 0 0 0 0 0 0 0 0 0 50.6 23.2 28.4 23.7 40.2 0 31.6 18.5 28.3 39.9
Total Assets 15,349.4 14,289.8 12,912.1 12,766.1 13,049.3 13,010.0 13,223.6 13,415.8 13,548.5 13,619.4 13,736.6 13,766.8 13,871.1 14,118.0 14,413.4 14,212.7 13,803.5 13,896.5 13,471.5 12,848.3 13,000.4 13,150.8 13,349.7 13,744.0 14,525.8 15,197.6 16,120.3 17,330.9 17,288.7 15,519.5 15,802.5 15,690.6 15,422.8 15,261.5 14,849.2 15,442.2 14,888.7 14,255.5 14,629.3 13,558.8 14,288.7
Total Debt 4,750.7 5,136.9 3,570.2 3,491.7 3,807.1 4,033.5 4,276.6 4,384.9 4,445 4,506.1 4,739.3 4,758.0 4,717.1 4,630.0 4,715.8 4,933.5 5,245.8 5,545.9 5,311.4 4,902.1 5,118.9 5,616.4 5,819.9 6,082.8 6,524.4 6,647.9 6,937.0 6,936.8 6,913.6 5,467.0 5,487.0 5,288.3 4,876.7 4,800.1 4,510.5 5,292.0 4,775.3 4,704.0 4,759.9 4,244.0 4,702.8
Stockholders' Equity 8,063.0 7,550.8 7,345.8 7,305.6 7,218.4 7,021.6 6,980.0 6,985.0 7,050.9 6,981.4 6,862.1 6,825.9 6,911.4 6,754.6 6,211.5 6,003.6 5,473.8 5,757.2 4,850.3 5,397.5 5,874.7 5,767.7 5,668.1 6,136.2 6,592.5 6,970.7 7,446.7 8,339.7 8,292.8 7,665.8 7,913.6 8,054.2 8,181.1 8,149.2 7,655.7 7,661.5 7,638.7 6,262.6 6,580.7 6,233.4 6,058.3
Cash Flow
Operating Cash Flow 859.1 370.7 310.1 492.4 457.7 278.0 166.2 143.5 261.6 312.2 183.4 155.3 343.9 475.3 1,087.7 922.7 565.7 475.2 312.7 308.5 563.7 243.1 175.9 116.0 200.7 147.9 198.4 218.1 539.0 821.6 421.5 297.4 541.5 313.5 1,045.2 253.6 393.9 335.6 327.0 238.5 340.2
Capital Expenditure (29.2) (52.7) 31.0 (208.4) (31.0) (22.8) 221.2 (187.7) (33.5) (226.6) (32.7) (41.3) (78.2) (31.0) (49.1) (51.9) (31.3) (51.7) (31.2) (13.8) (18.0) (15.6) (9.6) (11.8) (11.1) (19.6) (14.3) (30.9) (103.2) (171.4) (194.3) (170.1) (186.1) (163.7) (204.5) (357.3) (209.3) (250.1) (682.2) (120.5) (114.9)
Free Cash Flow 829.9 318.0 341.1 283.9 426.7 255.2 387.4 (44.2) 228.1 85.5 150.7 113.9 265.7 444.3 1,038.6 870.8 534.4 423.4 281.4 294.8 545.7 227.5 166.3 104.2 189.5 128.3 184.1 187.3 435.8 650.2 227.1 127.2 355.5 149.7 840.8 (103.6) 184.6 85.5 (355.2) 118.1 225.2