Avantor, Inc. logo AVTR - Avantor, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 9
HOLD 15
SELL 2
STRONG
SELL
0
| PRICE TARGET: $9.44 DETAILS
HIGH: $11.00
LOW: $7.00
MEDIAN: $10.00
CONSENSUS: $9.44
UPSIDE: 16.26%
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
Revenue
Revenue 1,581.4 1,663.6 1,623.8 1,683.4 1,581.4 1,686.6 1,714.4 1,702.8 1,679.8 1,722.8 1,720.2 1,743.9 1,780.3 1,795 1,856.5 1,910.5 1,950.4 1,907.6 1,834.3 1,858.6 1,785.6 1,790.9 1,605 1,478.7 1,519 1,524 1,503.8 1,532.4 1,480.1 1,473.9 1,494.2 1,477.9 1,418.3 729.7
Cost of Revenue 1,080.7 1,139.7 1,097.3 1,129.3 1,046.5 1,123.7 1,150 1,121.3 1,109.3 1,152.4 1,141.6 1,153.9 1,155.5 1,180.5 1,205.8 1,262.8 1,260.5 1,260.1 1,218.4 1,232.1 1,172.8 1,209.3 1,098.6 988.1 1,017.1 1,043.6 1,029.8 1,041.3 1,004.9 1,041.1 1,015.5 1,009.9 978 494.7
Gross Profit 500.7 523.9 526.5 554.1 534.9 562.9 564.4 581.5 570.5 570.4 578.6 590 624.8 614.5 650.7 647.7 689.9 647.5 615.9 626.5 612.8 581.6 506.4 490.6 501.9 480.4 474 491.1 475.2 432.8 478.7 468 440.3 235
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 13
SG&A Expenses 0 392.4 390.3 425.3 387.5 371.4 439.8 405.7 424.2 387.1 368.4 357.5 393.6 362.7 374.9 352.1 382.9 433.5 378.7 371.8 346.5 377 329.2 324 343.5 328.5 330.8 372 337.6 333.5 346.5 373.6 352.7 206.2
Other Expenses 385.7 5.1 785 0 0 (446.6) 0 0 0 0 0 160.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 385.7 397.5 1,175.3 425.3 387.5 (75.2) 439.8 405.7 424.2 387.1 368.4 518.3 393.6 362.7 374.9 352.1 382.9 433.5 378.7 371.8 346.5 377 329.2 324 343.5 328.5 330.8 372 337.6 333.5 346.5 373.6 352.7 559.5
Operating Income
Operating Income 115 126.4 (648.8) 128.8 147.4 638.1 124.6 175.8 146.3 183.3 210.2 71.7 231.2 251.8 275.8 295.6 307 214 237.2 254.7 266.3 204.6 177.2 166.6 158.4 151.9 143.2 119.1 137.6 99.3 132.2 94.4 87.6 41.3
Interest Expense 55.3 40 44.2 43.4 42.2 44.9 48.7 60.9 64.3 65.3 72.4 73.4 73.7 69.8 67.3 63.9 64.8 60.8 54.1 51 51.5 55.8 65.2 92.1 94.5 98 98.3 115.1 128.6 135.1 130.2 130.2 128.3 0
Interest Income 10.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 91.6
Profitability
EBITDA 220 224.1 (540.8) 227.8 227.6 730 225.6 278.1 244.5 285.4 306.9 174.7 330.6 345.2 376.2 379.9 421.1 304.9 340.6 352.2 351.9 184.5 56.5 268.6 255.7 245.3 235.9 167.5 230.8 189.9 232.6 207.1 185 (216.4)
EBIT 115 120.8 (645.3) 125.1 127.9 629.1 123.2 175.5 144.9 184.8 208.9 72.1 229.5 244.5 275.6 290.2 306.6 200.8 240.6 266.1 262.9 82.5 (42.6) 170.8 159.2 148 135.6 64.5 132.5 88.8 131.3 106.7 83.2 (268.1)
Income Before Tax 55.5 80.8 (689.5) 81.7 85.7 584.2 74.5 114.6 80.6 119.5 136.5 (1.3) 155.8 174.7 208.3 226.3 241.8 140 186.5 215.1 211.4 26.7 (107.8) 78.7 64.7 50 37.3 (50.6) 3.9 (46.3) 1.1 (23.5) (45.1) (416.1)
Income Tax Expense 12.2 28.4 22.3 17 21.2 83.8 16.7 21.7 20.2 21 28.1 6 34.3 33 41.3 38.9 51.4 46 29.7 57.3 47.4 (24.9) (65.6) 18.5 17.7 (20.6) 15.2 (1.9) 10.1 7 (33.4) 3.4 (3.9) (290.7)
Net Income 43.3 52.4 (711.8) 64.7 64.5 500.4 57.8 92.9 60.4 98.5 108.4 (7.3) 121.5 141.7 167 187.4 190.4 94 156.8 157.8 164 51.6 (42.2) 60.2 47 70.6 22.1 (48.7) (6.2) (53.3) 34.5 (26.9) (41.2) (407.5)
Per Share Data
EPS (Basic) 0.06 0.08 -1.04 0.09 0.09 0.74 0.09 0.14 0.09 0.15 0.16 -0.01 0.18 0.21 0.25 0.28 0.29 0.13 0.24 0.24 0.25 0.06 -0.10 0.08 0.05 0.10 0.01 -0.98 -0.18 0.30 -0.07 -0.19 -0.21 -0.83
EPS (Diluted) 0.06 0.08 -1.04 0.09 0.09 0.73 0.08 0.14 0.09 0.14 0.16 -0.01 0.18 0.21 0.25 0.28 0.28 0.13 0.24 0.24 0.25 0.06 -0.10 0.08 0.05 0.09 0.01 -0.98 -0.18 0.30 -0.07 -0.19 -0.21 -0.83
Shares Outstanding 678 678 681.7 681.5 681.1 680.7 680.3 679.4 678.1 676.4 676 675.3 674.7 674.2 674.1 650.8 681.3 609.5 588.5 582.6 581.1 578.7 577.2 575.6 573.7 572 570 323.4 426.4 491.3 496.5 496.5 496.5 493.9
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 Q1 2017 Q4
Current Assets
Cash & Cash Equivalents 279.3 365.4 251.9 449.4 315.7 261.9 285.3 272.6 234.9 262.9 236.9 236.4 294.6 372.9 265.6 237.5 283.6 301.7 1,426.1 223 172.5 286.6 370.5 415.3 346.3 186.7 173.9 164.6 143.9 184.7 171.8 (185.4) 185.4
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 0 370.8 0
Net Receivables 1,104.8 1,074.6 1,077.7 1,149.4 1,096.3 1,034.5 1,087.7 1,129 1,129.7 1,150.2 1,150.3 1,216 1,277.2 1,218.4 1,231.4 1,269.6 1,345.4 1,222.1 1,184.7 1,268.8 1,201.5 1,113.3 1,036.9 983.7 1,041.1 988.8 983.3 1,001.9 980.7 931.2 939.9 0 875
Inventory 810.3 818.2 795.5 779.8 750.1 731.5 779.6 795.6 810.6 828.1 850.3 890.4 904 913.5 905 922.5 896 872 844 840.9 777.7 739.6 729.8 737.8 686.1 711.2 714.5 727.7 702.7 671.1 678.8 0 695.1
Other Current Assets 209.9 193 132.1 136 120.3 118.7 352.1 132 145.9 143.7 147.3 156.3 151.5 153.1 158.1 141.9 81.3 81.4 109.8 90 80.3 91.4 159.6 155.5 123.1 134.8 147 135 112.4 112.6 113.4 0 78.3
Total Current Assets 2,404.3 2,451.2 2,257.2 2,514.6 2,282.4 2,146.6 2,504.7 2,329.2 2,321.1 2,384.9 2,384.8 2,499.1 2,627.3 2,657.9 2,560.1 2,571.5 2,606.3 2,477.2 3,564.6 2,422.7 2,232 2,230.9 2,296.8 2,292.3 2,196.6 2,021.5 2,018.7 2,029.2 1,939.7 1,899.6 1,903.9 185.4 1,833.8
Non-Current Assets
Property, Plant & Equipment 766.2 766.8 761.6 759 736.3 708.1 722.8 753.8 739.7 737.5 698.3 698.2 736.5 727 698.2 698.1 699.9 705.5 682.7 652.6 537.4 549.9 552.5 551.8 556 557 559.4 576.5 585.6 598.6 617.3 0 663.5
Goodwill 4,952.1 4,986.9 4,984.7 5,762.2 5,609.1 5,539.2 5,670.6 5,659.6 5,672 5,716.7 5,637.7 5,693.9 5,682.5 5,652.6 5,511.4 5,626.1 5,265.2 5,341.1 3,506.3 3,557.8 2,820.1 2,860.2 2,808.8 2,761.2 2,736.4 2,769.4 2,736 2,779.8 2,766.1 2,784.7 2,803 0 2,847.3
Intangible Assets 3,098.7 3,193.8 3,266.7 3,350.2 3,331.1 3,359.9 3,522.7 3,582.8 3,662.9 3,775.3 3,788.1 3,895.4 4,077.1 4,133.3 4,099 4,280.4 5,013 5,140.3 4,205.6 4,372 3,932.2 4,048.8 4,041.7 4,057.7 4,097.7 4,220.2 4,248.2 4,403.9 4,458.7 4,565.7 4,680.4 0 4,989.3
Long-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
Other Non-Current Assets 441.7 396 405.7 390.9 367.5 360.4 419.8 368.1 367.7 358.3 289.2 276.7 272.5 293.5 244.6 254.8 252 233.1 240 244.6 217.1 216.7 238.6 204 199.5 205.2 200.8 228.3 263.8 63 113.7 (185.4) 112.6
Total Non-Current Assets 9,258.7 9,343.5 9,418.7 10,262.3 10,044 9,967.6 10,335.9 10,364.3 10,442.3 10,587.8 10,413.3 10,564.2 10,768.6 10,806.4 10,553.2 10,859.4 11,230.1 11,420 8,634.6 8,827 7,506.8 7,675.6 7,641.6 7,574.7 7,589.6 7,751.8 7,744.4 7,988.5 8,074.2 8,012 8,214.4 (185.4) 8,612.7
Total Assets 11,663 11,794.7 11,675.9 12,776.9 12,326.4 12,114.5 12,840.6 12,693.5 12,763.4 12,972.7 12,798.1 13,063.3 13,395.9 13,464.3 13,113.3 13,430.9 13,836.4 13,897.2 12,199.2 11,249.7 9,738.8 9,906.5 9,938.4 9,867 9,786.2 9,773.3 9,763.1 10,017.7 10,013.9 9,911.6 10,118.3 0 10,446.5
Current Liabilities
Account Payables 735.5 741.7 691.6 708.8 680.1 662.8 673.5 657.4 573.4 625.9 655.8 686.6 765.7 758.2 768.9 798.6 818.2 755.1 698.8 755.3 706.4 678.9 625.3 581 610.9 560.2 556.3 578.4 564.8 557.4 0 0 542
Short-Term Debt 37 30.8 219.8 1,254.3 827.5 821.1 229.7 258.4 299.1 259.9 335.6 314 325.2 364.2 280.6 246.4 44.7 45.2 37 39.5 26.5 26.4 14.4 14.3 14.3 93.5 41.4 195.7 44.4 142.4 38.7 0 109
Deferred Revenue 0 0 0 0 0 0 0 0 0 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 Liabilities 594.8 559.1 569.9 562.6 487.5 475 686.7 498.9 528.7 544.3 457.1 500.2 539.2 486.5 463.8 477.4 544.4 600.7 557.3 538.2 481 492.9 432.8 384.2 366.4 346.6 345.9 337 361.9 319.8 471.1 0 453.3
Total Current Liabilities 1,367.3 1,378.9 1,516.5 2,575.7 2,034.4 2,007.5 1,629.8 1,464.6 1,441.9 1,480.3 1,488.1 1,550.1 1,669.5 1,658.8 1,551.9 1,571.3 1,447.1 1,450.8 1,320.1 1,377.7 1,240.7 1,242.7 1,136 1,053.7 1,126.6 1,074.5 1,078.7 1,185.9 1,107.4 1,096.2 1,014.5 0 1,104.3
Non-Current Liabilities
Long-Term Debt 0 3,915.5 3,638.1 2,988.2 3,279.2 3,234.7 4,691.4 4,856.6 5,023.9 5,276.7 5,290.5 5,570.3 5,736 5,923.3 5,907.5 6,292.7 6,815.8 6,978 5,549.8 5,611.5 4,606.3 4,867.5 5,056.5 5,063.8 5,040.4 5,023 5,088.7 5,126.7 6,748.5 6,782.3 6,956.4 0 7,008.8
Deferred Tax Liabilities 550.4 557.1 548.5 535.7 550 557.3 547.3 575.4 600.6 612.8 648.8 662.8 695.7 731.4 728.4 745.8 854.4 913 821.5 863 713 723.9 760.7 788 767.4 785.4 832.8 870.9 928.8 907.5 0 0 0
Other Non-Current Liabilities 4,156.6 378.2 402.6 391.4 364.6 358.3 418.9 361.9 360.7 350.3 271.3 268.8 300.1 295.4 334.1 351.6 361.1 358.4 403 411.6 372.7 398.1 432.9 420.7 411.7 428.2 407.3 423.3 4,367.6 4,177.3 1,255.8 0 1,363.8
Total Non-Current Liabilities 4,707 4,850.8 4,589.2 3,915.3 4,193.8 4,150.3 5,657.6 5,793.9 5,985.2 6,239.8 6,210.6 6,501.9 6,731.8 6,950.1 6,970 7,390.1 8,031.3 8,249.4 6,774.3 6,886.1 5,692 5,989.5 6,250.1 6,272.5 6,219.5 6,236.6 6,328.8 6,420.9 12,044.9 11,867.1 8,212.2 0 8,372.6
Total Liabilities 6,074.3 6,229.7 6,105.7 6,491 6,228.2 6,157.8 7,287.4 7,258.5 7,427.1 7,720.1 7,698.7 8,052 8,401.3 8,608.9 8,521.9 8,961.4 9,478.4 9,700.2 8,094.4 8,263.8 6,932.7 7,232.2 7,386.1 7,326.2 7,346.1 7,311.1 7,407.5 7,606.8 13,152.3 12,963.3 9,226.7 0 9,476.9
Stockholders' Equity
Common Stock 3,992 3,984.8 3,973.4 3,964.1 3,948.4 3,937.7 3,924.5 3,897.5 3,881.4 3,830.1 3,817.5 3,798.6 3,792.4 3,785.3 3,774.5 3,756.1 2,749.3 2,752.6 2,749.3 1,747.7 1,743.2 1,737.6 1,743.6 1,744 1,748 1,748.1 1,753.7 1,768.3 0 0 0 0 0
Retained Earnings 0 1,672.8 1,620.4 2,332.2 2,267.5 2,203 1,702.6 1,644.8 1,551.9 1,491.5 1,393 1,284.6 1,291.9 1,170.4 1,028.7 861.7 674.3 483.9 389.9 233.1 75.3 (88.7) (140.3) (98.1) (158.3) (203.7) (274.3) (296.4) (247.7) (238.4) (185.1) 0 (156.3)
Accumulated Other Comprehensive Income (43.7) (16.9) (23.6) (10.4) (117.7) (184) (73.9) (107.3) (97) (69) (111.1) (71.9) (89.7) (100.3) (211.8) (148.3) (69.3) (43.2) (38.1) 1.4 (16.1) 21.7 (54.7) (108.8) (153.3) (85.9) (127.5) (64.7) (76.1) (66.5) (33.1) (2,620.2) 26.4
Total Stockholders' Equity 5,588.7 5,565 5,570.2 6,285.9 6,098.2 5,956.7 5,553.2 5,435 5,336.3 5,252.6 5,099.4 5,011.3 4,994.6 4,855.4 4,591.4 4,469.5 4,358 4,197 4,104.8 2,985.9 2,806.1 2,674.3 2,552.3 2,540.8 2,440.1 2,462.2 2,355.6 2,410.9 (3,138.4) (3,051.7) 891.6 969.6 969.6
Total Liabilities & Equity 11,663 11,794.7 11,675.9 12,776.9 12,326.4 12,114.5 12,840.6 12,693.5 12,763.4 12,972.7 12,798.1 13,063.3 13,395.9 13,464.3 13,113.3 13,430.9 13,836.4 13,897.2 12,199.2 11,249.7 9,738.8 9,906.5 9,938.4 9,867 9,786.2 9,773.3 9,763.1 10,017.7 10,013.9 9,911.6 10,118.3 969.6 10,446.5
Debt Metrics
Total Debt 37 3,946.3 3,857.9 4,242.5 4,106.7 4,055.8 4,921.1 5,115 5,323 5,536.6 5,626.1 5,884.3 6,061.2 6,287.5 6,188.1 6,539.1 6,860.5 7,023.2 5,586.8 5,651 4,632.8 4,893.9 5,070.9 5,078.1 5,054.7 5,116.5 5,130.1 5,322.4 6,792.9 6,924.7 6,995.1 0 7,117.8
Net Debt (242.3) 3,580.9 3,606 3,793.1 3,791 3,793.9 4,635.8 4,842.4 5,088.1 5,273.7 5,389.2 5,647.9 5,766.6 5,914.6 5,922.5 6,301.6 6,576.9 6,721.5 4,160.7 5,428 4,460.3 4,607.3 4,700.4 4,662.8 4,708.4 4,929.8 4,956.2 5,157.8 6,649 6,740 6,823.3 185.4 6,932.4
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 2001 Q1
Operating Activities
Net Income 43.3 52.4 (711.8) 64.7 64.5 500.4 57.8 92.9 60.4 98.5 108.4 (7.3) 121.5 141.7 167 187.4 190.4 94 156.8 157.8 164 51.6 (42.2) 60.2 47 70.6 22.1 (48.7) (6.2) (53.3) 34.5 (26.9) (41.2) (105.3) 121.5
Depreciation & Amortization 105 103.3 104.5 102.7 99.7 100.9 102.4 102.6 99.6 100.6 98 102.6 101.1 100.7 100.6 89.7 114.5 104.1 100 86.1 89 102 99.1 97.8 96.5 97.3 100.3 103 98.3 101.1 101.3 100.4 101.8 51.7 101.1
Stock-Based Compensation 8.6 11.3 7.2 15.5 12.4 11.1 11.9 11.1 12.7 8.8 9.8 9.2 12.7 10 12.1 13 10.7 13.7 13.4 12.2 11.4 12.7 11.4 11.6 8.4 10.5 1.7 50.9 4.8 3.9 5.8 4.2 4.5 39.6 12.7
Change in Working Capital (100.4) (97.5) 20 (30.4) (91) (53.4) 63.3 89.9 (52.1) 97 22.7 (92.2) (10.9) (64.1) (22) (68.5) (166.7) 64.9 (7.5) (17.5) (154.4) (28.8) 46.1 (75.3) 77.5 (65.7) 50.7 (151.6) (20) (7.6) (18.9) (53.5) (13.8) 131 20.2
Other Non-Cash Items 12.4 33.6 799.4 19.5 36.1 (414.1) 32 19.4 38.9 25 21.2 194.2 21.5 24.6 22.9 23.1 25.6 18 17.9 5.7 22.2 165.3 235.7 12.8 27.9 13.5 30.3 79.3 19.6 29.8 46.3 5.5 16.3 (264) (9.6)
Operating Cash Flow 58.7 152.7 207.4 154.4 109.3 173.3 244.8 281.1 141.6 251.6 230.7 168.2 219.5 205.6 258.3 227.5 152.2 301 261.9 263.8 126.9 306 281.5 89.2 253.1 87 197.9 (5.9) 75 69.9 108.2 (23.8) 46.2 (147) 219.5
Investing Activities
Capital Expenditure (33.5) (35.5) (35.7) (29.6) (28) (27.5) (40.8) (45.8) (34.7) (50.6) (37.7) (30.1) (28) (33.6) (39) (36.3) (24.5) (40) (32.6) (23.4) (15.1) (20.2) (15.3) (13.5) (12.6) (12.1) (13.1) (14) (12.4) (5.4) (9.2) (10.8) (12.3) (9.4) (28)
Acquisitions 0 0 0 0 0 0 0 0 0 (4.9) 0 0 (15.3) 0 0 (4.9) (15.3) (2,845.2) (2.2) (1,166.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 (6,579.9) 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
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 (42.5) 42.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0.8 (4.2) 2.4 1 (0.9) 586 0.3 0.9 0.5 5.5 0.7 0.7 16 43 0.6 0.1 0.3 1.7 0.5 0.8 0.5 1.4 (0.6) 1 0.7 0.7 2.7 1.6 4.5 5.4 5 3.6 0.5 6 0.7
Investing Cash Flow (32.7) (39.7) (33.3) (28.6) (28.9) 558.5 (40.5) (44.9) (34.2) (50) (37) (29.4) (27.3) (33.1) 4.1 (41.1) (39.5) (2,883.5) (34.3) (1,189.3) (14.6) (18.8) (15.9) (12.5) (11.9) (11.4) (10.4) (12.4) (7.9) 5.4 (4.2) (7.2) (11.8) (6,583.3) (27.3)
Financing Activities
Net Debt Issuance (105.4) 90.9 (371.5) (6.8) (31.3) (756.8) (214.3) (201.6) (169.1) (188.1) (197.6) (190.8) (269.5) (82.4) (224.1) (202) (111.9) 1,489.2 (9.4) 1,007 (208.6) (370.6) (300.4) (3.7) (63.8) (51.9) (157.4) (1,561.9) (106.1) (54.4) (66.2) 43.6 (72.8) 0 0
Stock Repurchased (3.6) (75.3) (0.4) (0.1) (4.9) (0.4) (0.8) (0.8) (6.6) (0.2) (0.2) (5.2) (8.1) (0.1) (0.1) (8.1) (4.9) 0 0 (9.6) (16.2) 0 0 0 0 1.2 0 0 0 0 0 0 0 0 (8.1)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 (32.4) 0 (16.3) (16.1) (16.2) (16.1) (16.2) (16.1) (16.2) (16.1) (16.2) (16.1) (16.2) (15.1) 0 0 0 0 0 0 (1,220.4) 0
Other Financing Activities (0.1) (15.1) 0 0 2.6 1.9 16.5 5.3 (6.6) 4.2 9.4 (0.2) 2.6 33.3 4.8 5.9 5.7 (12) 38.9 (9.6) 19.9 6.4 0.4 6.6 6.8 0.7 0 1,600.2 0 0 0 (15.5) (5) 8,085.8 (221)
Financing Cash Flow (107.2) 0.7 (369.6) (6.9) (33.6) (755.3) (198.6) (197.1) (130.2) (184.1) (188.4) (196.2) (275) (81.6) (219.4) (220.5) (127.2) 1,461 980.4 998.8 (221) (380.4) (316.1) (13.3) (73.1) (67.4) (172.6) 38.3 (106.1) (54.4) (66.2) 28.1 (77.8) 6,865.4 (275)
Cash Position
Net Change in Cash (86.1) 113.6 (197.5) 133.3 53.8 (45.6) 13.6 37.5 (28.5) 27 (0.1) (58.1) (78) 109.1 26.8 (47.4) (18.7) (1,124.7) 1,202.5 74.2 (114.1) (83.9) (44.8) 69 159.6 12.4 9.3 20.7 (40.8) 13 36.6 (9.9) (40.5) 138.6 (78)
Cash at Beginning 368.3 254.7 452.2 318.9 264.7 310.3 296.7 234.9 262.9 260.7 260.8 318.9 396.9 287.8 261 308.4 327.1 1,451.8 249.3 175.1 289.2 373.1 417.9 348.9 189.3 176.9 167.6 146.9 187.7 174.7 138.1 148 188.5 49.9 396.9
Cash at End 282.2 368.3 254.7 452.2 318.5 264.7 310.3 272.6 234.9 287.7 260.7 260.8 318.9 396.9 287.8 261 308.4 327.1 1,451.8 249.3 175.1 289.2 373.1 417.9 348.9 189.3 176.9 167.6 146.9 187.7 174.7 138.1 148 188.5 318.9
Free Cash Flow 25.2 117.2 171.7 124.8 81.3 145.8 204 235.3 106.9 201 193 138.1 191.5 172 219.3 191.2 127.7 261 229.3 240.4 111.8 285.8 266.2 75.7 240.5 74.9 184.8 (19.9) 62.6 64.5 99 (34.6) 33.9 (156.4) 191.5
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
Income Statement
Revenue 1,581.4 1,663.6 1,623.8 1,683.4 1,581.4 1,686.6 1,714.4 1,702.8 1,679.8 1,722.8 1,720.2 1,743.9 1,780.3 1,795 1,856.5 1,910.5 1,950.4 1,907.6 1,834.3 1,858.6 1,785.6 1,790.9 1,605 1,478.7 1,519 1,524 1,503.8 1,532.4 1,480.1 1,473.9 1,494.2 1,477.9 1,418.3 729.7
Gross Profit 500.7 523.9 526.5 554.1 534.9 562.9 564.4 581.5 570.5 570.4 578.6 590 624.8 614.5 650.7 647.7 689.9 647.5 615.9 626.5 612.8 581.6 506.4 490.6 501.9 480.4 474 491.1 475.2 432.8 478.7 468 440.3 235
Operating Income 115 126.4 (648.8) 128.8 147.4 638.1 124.6 175.8 146.3 183.3 210.2 71.7 231.2 251.8 275.8 295.6 307 214 237.2 254.7 266.3 204.6 177.2 166.6 158.4 151.9 143.2 119.1 137.6 99.3 132.2 94.4 87.6 41.3
Net Income 43.3 52.4 (711.8) 64.7 64.5 500.4 57.8 92.9 60.4 98.5 108.4 (7.3) 121.5 141.7 167 187.4 190.4 94 156.8 157.8 164 51.6 (42.2) 60.2 47 70.6 22.1 (48.7) (6.2) (53.3) 34.5 (26.9) (41.2) (407.5)
EPS (Diluted) 0.06 0.08 -1.04 0.09 0.09 0.73 0.08 0.14 0.09 0.14 0.16 -0.01 0.18 0.21 0.25 0.28 0.28 0.13 0.24 0.24 0.25 0.06 -0.10 0.08 0.05 0.09 0.01 -0.98 -0.18 0.30 -0.07 -0.19 -0.21 -0.83
Balance Sheet
Cash & Equivalents 279.3 365.4 251.9 449.4 315.7 261.9 285.3 272.6 234.9 262.9 236.9 236.4 294.6 372.9 265.6 237.5 283.6 301.7 1,426.1 223 172.5 286.6 370.5 415.3 346.3 186.7 173.9 164.6 143.9 184.7 171.8 (185.4) 185.4
Total Assets 11,663 11,794.7 11,675.9 12,776.9 12,326.4 12,114.5 12,840.6 12,693.5 12,763.4 12,972.7 12,798.1 13,063.3 13,395.9 13,464.3 13,113.3 13,430.9 13,836.4 13,897.2 12,199.2 11,249.7 9,738.8 9,906.5 9,938.4 9,867 9,786.2 9,773.3 9,763.1 10,017.7 10,013.9 9,911.6 10,118.3 0 10,446.5
Total Debt 37 3,946.3 3,857.9 4,242.5 4,106.7 4,055.8 4,921.1 5,115 5,323 5,536.6 5,626.1 5,884.3 6,061.2 6,287.5 6,188.1 6,539.1 6,860.5 7,023.2 5,586.8 5,651 4,632.8 4,893.9 5,070.9 5,078.1 5,054.7 5,116.5 5,130.1 5,322.4 6,792.9 6,924.7 6,995.1 0 7,117.8
Stockholders' Equity 5,588.7 5,565 5,570.2 6,285.9 6,098.2 5,956.7 5,553.2 5,435 5,336.3 5,252.6 5,099.4 5,011.3 4,994.6 4,855.4 4,591.4 4,469.5 4,358 4,197 4,104.8 2,985.9 2,806.1 2,674.3 2,552.3 2,540.8 2,440.1 2,462.2 2,355.6 2,410.9 (3,138.4) (3,051.7) 891.6 969.6 969.6
Cash Flow
Operating Cash Flow 58.7 152.7 207.4 154.4 109.3 173.3 244.8 281.1 141.6 251.6 230.7 168.2 219.5 205.6 258.3 227.5 152.2 301 261.9 263.8 126.9 306 281.5 89.2 253.1 87 197.9 (5.9) 75 69.9 108.2 (23.8) 46.2 (147) 219.5
Capital Expenditure (33.5) (35.5) (35.7) (29.6) (28) (27.5) (40.8) (45.8) (34.7) (50.6) (37.7) (30.1) (28) (33.6) (39) (36.3) (24.5) (40) (32.6) (23.4) (15.1) (20.2) (15.3) (13.5) (12.6) (12.1) (13.1) (14) (12.4) (5.4) (9.2) (10.8) (12.3) (9.4) (28)
Free Cash Flow 25.2 117.2 171.7 124.8 81.3 145.8 204 235.3 106.9 201 193 138.1 191.5 172 219.3 191.2 127.7 261 229.3 240.4 111.8 285.8 266.2 75.7 240.5 74.9 184.8 (19.9) 62.6 64.5 99 (34.6) 33.9 (156.4) 191.5