Business First Bancshares, Inc. logo BFST - Business First Bancshares, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 4
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $32.33 DETAILS
HIGH: $33.00
LOW: $31.00
MEDIAN: $33.00
CONSENSUS: $32.33
UPSIDE: 16.13%
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
Revenue
Revenue 133.8 130.0 130.2 126.2 125.5 127.8 113.2 111.7 105.1 102.1 101.8 94.1 87.7 82.2 71.0 61.0 50.0 48.7 47.2 57.9 49.1 53.9 46.3 40.3 28.8 28.9 28.2 30.1 26.9 24.0 20.9 20.1 19.0 15.1 13.7 15 13.4 12.2 12.6 11.8 12.2 9.7 10.6 9.4 6.4 6.3 6.1 6.0 6.2 6.1 7.2 6.2 6.2
Cost of Revenue 49.6 46.9 52.6 50.0 50.5 57.1 48.3 47.2 45.7 41.0 38.6 33.1 30.0 21.5 13.3 7.4 5.3 5.2 5.4 6.6 7.3 6.9 8.0 11.4 7.2 6.2 6.5 7.0 6.1 5.4 4.2 3.6 3.2 4.4 2.1 3.0 1.9 1.8 1.6 1.6 2.0 0.2 0.7 0.8 (0.7) 0 0 0 0 0 0 0 0
Gross Profit 84.2 83.1 77.6 76.1 75.0 70.7 64.9 64.5 59.4 61.1 63.1 61.0 57.7 60.7 57.8 53.6 44.8 43.5 41.9 51.3 41.7 47.0 38.3 28.8 21.6 22.7 21.7 23.1 20.8 18.7 16.7 16.5 15.8 10.7 11.5 12.0 11.5 10.4 11.0 10.2 10.2 9.5 9.9 8.6 7.1 6.3 6.1 6.0 6.2 6.1 7.2 6.2 6.2
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
SG&A Expenses 41.2 38.5 30.1 30.0 32.3 29.5 27.1 27.6 27.7 14.4 24.7 24.9 25.5 23.2 27.2 23.0 24.1 18.9 20.9 20.3 18.5 23.2 18.3 17.6 9.4 13.5 8.8 8.8 8.6 10.9 7.2 6.5 6.7 9.0 5.6 5.4 5.0 8.1 5.0 5.0 4.7 6.3 5.6 5.3 3.6 4.0 3.4 3.5 3.4 3.7 3.4 3.4 3.4
Other Expenses 13.6 13.9 18.7 18.1 16.9 19.8 15.0 15.1 14.6 26.3 12.4 11.0 13.0 14.5 13.2 13.4 9.6 10.0 8.1 9.0 8.2 6.4 8.3 8.6 7.2 1.7 6.1 5.8 5.2 3.5 4.7 5.5 5.2 0.8 3.7 3.7 3.8 0.2 4.1 4.1 3.7 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 54.7 52.4 48.7 48.1 49.2 49.4 42.1 42.7 42.2 40.7 37.2 35.9 38.5 37.7 40.4 36.4 33.7 28.9 28.9 29.3 26.7 29.6 26.6 26.2 16.6 15.2 14.9 14.6 13.8 14.4 11.9 12.0 11.9 9.7 9.2 9.1 8.8 8.4 9.2 9.2 8.4 8.4 9.3 8.0 4.9 5.2 4.7 4.6 4.7 5.2 5.1 4.8 4.9
Operating Income
Operating Income 29.5 30.7 28.9 28.0 25.8 21.3 22.8 21.8 17.2 20.3 26.0 25.0 19.2 22.9 17.4 17.2 11.0 14.6 12.9 22.0 15.1 17.4 11.7 2.7 5.0 7.5 6.8 8.5 7.0 4.3 4.8 4.5 3.8 1.0 2.3 2.9 2.7 2.0 1.9 1.1 1.8 2.5 1.3 1.4 1.6 1.1 1.4 1.4 1.5 0.9 2.1 1.4 1.3
Interest Expense 47.3 46.9 49.4 47.8 47.7 50.4 46.6 45.9 44.5 40.9 38.0 32.5 26.7 18.4 10.0 4.5 3.6 3.9 4.2 4.4 4.0 4.8 5.5 6.0 5.8 6.0 6.1 5.7 5.5 4.4 3.7 3.1 2.7 2.1 1.9 1.7 1.5 1.5 1.5 1.5 1.3 1.2 1.1 1.2 0.9 0 0 0 0 0 0 0 0
Interest Income 122.5 117.8 118.7 114.8 113.7 116.1 102.7 99.9 96.0 94.7 93.3 85.8 79.5 74.5 63.5 54.0 44.1 42.3 41.5 42.4 44.3 44.4 42.5 36.9 26.0 26.7 26.3 25.9 24.6 21.6 19.3 18.1 17.2 13.7 12.4 13.4 12.1 10.9 11.3 10.6 10.7 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 29.5 32.1 30.3 29.5 27.3 22.9 24.1 23.0 18.4 21.5 27.1 26.2 20.4 24.1 18.7 18.4 12.1 15.7 14.0 23.0 16.1 18.4 12.7 3.5 5.4 7.9 7.2 8.9 7.4 4.6 5.1 4.8 4.1 1.3 2.6 3.2 3.1 2.3 2.2 1.4 2.1 2.8 5.0 0 4.8 2.3 2.6 0 2.8 (0.3) (0.1) 0.0 0.0
EBIT 29.5 30.7 28.9 28.0 25.8 21.3 22.8 21.8 17.2 20.3 26.0 25.0 19.2 23.0 17.4 17.2 11.0 14.6 12.9 22.0 15.1 17.3 11.7 2.7 5.0 7.5 6.8 8.5 7.0 4.3 4.8 4.5 3.8 1.0 2.3 2.9 2.7 2.0 1.9 1.1 1.8 6.8 6.3 5.5 6.4 3.3 4.0 5.1 4.4 3.3 7.7 1.4 0
Income Before Tax 29.5 27.6 28.9 28.0 25.8 21.3 22.8 21.8 17.2 20.3 26.0 25.0 19.2 22.9 17.4 17.2 11.0 14.6 12.9 22.0 15.1 17.4 11.7 2.7 5.0 7.5 6.8 8.5 7.0 4.3 4.8 4.5 3.8 1.0 2.3 2.9 2.7 2.0 1.9 1.1 1.8 1.3 1.3 1.4 1.6 1.1 1.4 1.4 1.5 0.9 2.1 1.4 1.3
Income Tax Expense 5.9 5.2 6.0 5.9 5.3 4.8 4.9 4.6 3.6 4.5 5.5 5.3 4.2 5.0 3.6 3.5 2.3 2.5 2.6 4.5 2.7 3.6 2.1 0.6 0.5 1.7 1.3 1.7 1.3 0.8 0.9 0.8 0.7 1.9 0.6 0.8 0.8 0.5 0.5 0.2 0.4 0.3 0.4 0.4 0.4 0.3 0.4 0.4 0.4 0.0 0.5 0.2 0.2
Net Income 23.6 22.4 22.9 22.1 20.5 16.5 17.8 17.2 13.6 15.8 20.5 19.7 15.0 18.0 13.8 13.8 8.7 12.1 10.3 17.4 12.3 13.8 9.6 2.1 4.5 5.8 5.5 6.8 5.7 3.4 3.9 3.6 3.1 (0.9) 1.7 2.1 2.0 1.5 1.4 0.8 1.4 1.0 0.9 1.0 1.1 0.8 1.0 1.0 1.1 0.5 1.5 1.1 1.1
Per Share Data
EPS (Basic) 0.68 0.71 0.73 0.70 0.65 0.52 0.65 0.63 0.49 0.58 0.76 0.73 0.55 0.68 0.61 0.61 0.42 0.59 0.51 0.84 0.60 0.67 0.47 0.11 0.34 0.43 0.41 0.51 0.43 0.28 0.34 0.34 0.45 -0.07 0.24 0.30 0.29 0.21 0.20 0.12 0.20 0.14 0.12 0.14 0.20 0.15 0.19 0.19 0.21 0.10 0.28 0.20 0.20
EPS (Diluted) 0.68 0.71 0.73 0.70 0.65 0.51 0.65 0.62 0.48 0.57 0.76 0.73 0.54 0.67 0.61 0.61 0.41 0.59 0.50 0.84 0.59 0.67 0.46 0.11 0.34 0.42 0.40 0.50 0.41 0.28 0.33 0.33 0.45 -0.07 0.24 0.30 0.29 0.21 0.20 0.12 0.20 0.14 0.13 0.14 0.20 0.15 0.19 0.19 0.21 0.10 0.28 0.20 0.20
Shares Outstanding 32.6 29.5 29.5 29.3 29.3 29.3 25.3 25.3 25.1 25.1 25.1 25.1 25.0 24.5 22.5 22.5 21.0 20.3 20.4 20.7 20.6 20.6 20.6 18.1 13.3 13.3 13.3 13.4 13.3 12.1 11.5 10.6 11.5 11.5 6.9 6.9 6.9 6.9 7.0 7.0 7.0 7.1 7.8 7.3 5.7 5.4 5.4 5.4 5.4 5.4 5.4 5.5 5.6
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 589.8 411.2 399.1 495.8 312.9 319.1 213.2 208.1 185.9 226.1 191.5 181.0 159.8 152.7 152.7 154.7 282.1 68.4 81.4 130.8 355.3 149.1 103.9 116.0 80.1 89.4 63.4 64.0 52.6 96.1 45.9 45.9 37.6 107.6 36.2 45.2 50.0 42.2 34.2 116.8 107.9
Short-Term Investments 621.7 590.9 47.7 550.6 31.9 28.7 916.1 875.0 872.9 879.6 849.7 877.8 903.9 890.8 885.0 934.7 961.4 1,021.1 1,034.5 882.8 721.2 640.6 547.5 583.1 275.1 278.2 288.2 295.0 304.1 309.5 243.6 252.1 263.0 179.1 186.1 192.1 195.5 198.3 0 0 0
Net Receivables 38.2 38.5 37.2 36.7 33.7 35.9 32.5 30.6 29.3 29.9 28.1 26.9 25.4 25.7 22.5 22.1 20.1 19.6 19.0 20.8 25.9 23.9 25.6 33.8 7.7 8.0 7.5 8.0 7.1 8.2 5.2 5.3 4.7 4.1 3.5 3.6 3.1 3.4 0 0 0
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 (806.8) (793.4) (784.9)
Other Current 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
Total Current Assets 1,249.7 1,040.6 484.0 1,083.1 378.5 383.6 1,161.8 1,113.7 1,088.1 1,135.6 1,069.2 1,085.6 1,089.2 1,069.2 1,060.1 1,111.5 1,263.6 1,109.0 1,134.9 1,034.4 1,102.4 813.6 677.1 733.0 362.9 375.6 359.1 367.0 363.8 413.8 294.7 303.3 305.3 290.8 225.9 240.8 248.5 243.9 34.2 116.8 107.9
Non-Current Assets
Property, Plant & Equipment 88.4 74.0 77.9 79.0 81.6 82.0 67.6 68.5 68.7 69.5 64.7 63.0 64.1 63.2 63.8 64.3 63.0 58.2 56.6 57.6 57.9 58.6 59.2 64.0 29.7 29.3 27.1 27.6 27.0 15.1 10.0 10.5 10.4 8.8 9.0 9.1 9.1 9.3 9.5 9.2 9.2
Goodwill 133.6 121.1 121.1 121.1 121.7 121.6 91.5 91.5 91.5 88.4 88.4 88.5 88.5 88.5 88.5 88.8 89.9 59.9 60.1 60.1 53.8 53.9 53.6 53.6 48.5 48.5 48.3 48.5 49.5 49.5 32.4 32.6 32.8 6.8 6.8 6.8 6.8 6.8 6.8 6.8 6.8
Intangible Assets 29.4 14.5 15.1 15.8 16.5 17.3 10.3 10.8 11.4 11.9 12.4 13.0 13.5 14.0 14.6 15.1 15.6 12.2 12.8 13.3 9.4 9.7 10.1 10.4 6.5 6.7 6.9 7.1 7.7 7.9 4.1 4.2 4.4 2.0 2.1 2.1 2.2 2.3 2.3 2.4 2.5
Long-Term Investments 6,661.1 6,186.0 6,008.7 6,038.6 6,853.7 6,833.3 5,217.5 5,160.9 5,082.7 4,987.1 4,912.4 4,892.0 4,798.4 4,605.8 4,434.6 4,111.9 3,757.2 3,178.3 3,054.8 2,844.1 3,031.6 2,983.0 3,078.4 2,995.2 1,770.7 1,711.0 1,695.6 1,643.1 1,583.6 1,526.6 1,298.3 1,234.3 1,191.3 975.3 937.5 872.6 851.9 809.1 216 214 212
Other Non-Current Assets 721.6 758.1 1,225.5 585.4 307.4 389.8 319.0 232.4 326.3 264.7 307.0 280.9 207.6 118.6 108.4 109.2 149.9 300.0 80.4 309.9 183.0 235.7 70.4 98.1 67.6 100.7 81.1 57.8 66.7 78.2 34.3 60.4 43.5 34.4 32.6 37.6 39.7 34.5 1,053.8 1,038.9 1,029.8
Total Non-Current Assets 7,657.1 7,174.1 7,469.9 6,865.1 7,406.2 7,473.5 5,726.8 5,590.2 5,607.4 5,449.0 5,419.6 5,369.0 5,200.8 4,921.3 4,746.6 4,418.9 4,098.7 3,617.3 3,270.3 3,289.5 3,341.2 3,346.7 3,277.6 3,228.2 1,924.7 1,898.2 1,861.7 1,786.6 1,737.6 1,681.1 1,383.5 1,345.9 1,282.4 1,030.4 988.0 928.2 909.7 861.9 1,072.5 1,057.4 1,048.3
Total Assets 8,906.8 8,214.7 7,953.9 7,948.3 7,784.7 7,857.1 6,888.6 6,703.9 6,695.6 6,584.6 6,488.8 6,454.6 6,290.0 5,990.5 5,806.7 5,530.4 5,362.2 4,726.4 4,405.2 4,324.0 4,443.6 4,160.4 3,954.7 3,961.1 2,287.7 2,273.8 2,220.8 2,153.6 2,101.4 2,094.9 1,678.2 1,649.2 1,587.7 1,321.3 1,213.8 1,169.1 1,158.3 1,105.8 1,106.8 1,174.1 1,156.2
Current Liabilities
Account Payables 3.7 4.2 4.1 4.8 5.4 6.0 3.8 4.5 3.9 14.8 11.2 7.7 3.5 2.1 1.0 0.7 0.9 1.4 1.8 1.9 1.9 2.5 3.6 3.9 1.6 1.5 1.8 1.9 2.0 1.4 1.3 1.2 1.1 0.9 0.9 0.8 0.9 0.9 0.9 0.7 0.6
Short-Term Debt 54.7 278.8 183.1 273.2 91.1 22.6 21.5 18.4 17.2 18.9 23.3 23.2 31.3 34.3 27.1 23.5 23.4 19.1 43.3 25.9 21.4 26.8 29.6 31.5 19.7 68.0 31.0 16.1 11.1 12.2 15.2 14.5 16.3 2.8 3.8 3.4 3.9 3.6 0 0 0
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 0 0 0 0 0 0 (2.3) (2.4)
Other Current Liabilities 7,464.9 6,698.6 6,506.9 6,419.7 6,458.2 6,511.3 5,640.9 5,563.7 5,572.8 5,248.8 5,190.7 5,014.4 4,806.2 4,820.3 4,586.1 4,658.2 4,657.7 4,077.3 3,768.1 3,724.2 3,858.7 3,616.7 3,236.3 3,251.0 1,802.8 1,782.0 1,733.4 1,702.9 1,744.4 1,733.9 1,354.1 1,329.5 1,307.7 1,055.5 1,015.1 972.0 963.3 932.8 (1.8) 0 0
Total Current Liabilities 7,523.4 6,981.6 6,694.0 6,697.7 6,554.6 6,539.9 5,666.2 5,586.6 5,593.9 5,282.5 5,225.2 5,045.3 4,841.0 4,856.7 4,614.2 4,682.4 4,682.0 4,097.8 3,813.3 3,752.0 3,882.1 3,646.0 3,269.5 3,286.5 1,824.1 1,851.5 1,766.3 1,720.9 1,757.5 1,747.5 1,370.6 1,345.2 1,325.1 1,059.2 1,019.8 976.2 968.1 937.3 0.9 0.7 0.6
Non-Current Liabilities
Long-Term Debt 329.8 272.5 311.8 339.9 343.0 460.6 472.0 410.1 413.1 616.2 619.2 771.0 820.7 525.8 650.0 370.1 196.2 168.4 134.4 114.5 115.6 79.1 153.9 151.0 163 118 153 133 55 80 87.4 87.7 77.7 77.7 68.2 69.0 69.5 50.1 48.5 46.0 46.5
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Liabilities 62.5 63.7 69.6 62.2 60.8 57.1 50.9 42.6 39.5 41.6 40.0 37.3 30.6 27.4 34.5 32.5 27.2 26.8 27.3 26.5 29.2 25.2 133.1 137.3 18.5 19.2 21.2 22.2 19.8 7.3 7.3 5.7 4.9 4.4 5.8 5.0 4.5 4.9 474.5 1,011.3 994.7
Total Non-Current Liabilities 392.2 336.3 381.4 402.1 403.8 517.7 522.9 452.7 452.6 657.8 659.2 808.3 851.3 553.3 684.5 402.6 223.4 195.2 161.7 140.9 144.8 104.4 287.1 288.3 181.5 137.2 174.2 155.2 74.8 87.3 94.7 93.4 82.6 82.1 74.0 74.0 74.0 55.0 988.3 1,057.3 1,040.6
Total Liabilities 7,915.6 7,317.9 7,075.4 7,099.9 6,958.4 7,057.6 6,189.1 6,039.4 6,046.5 5,940.3 5,884.4 5,853.7 5,692.3 5,410.0 5,298.7 5,084.9 4,905.4 4,293.0 3,975.0 3,893.0 4,026.9 3,750.4 3,556.6 3,574.8 2,005.6 1,988.7 1,940.5 1,876.1 1,832.3 1,834.8 1,465.2 1,438.6 1,407.7 1,141.3 1,093.8 1,050.3 1,042.1 992.3 989.2 1,058.0 1,041.2
Stockholders' Equity
Common Stock 32.6 29.5 29.6 29.6 29.6 29.6 25.5 25.5 25.5 25.4 25.3 25.3 25.3 25.1 22.6 22.6 22.6 20.4 20.4 20.7 20.8 20.6 20.7 20.7 13.1 13.3 13.3 13.4 13.4 13.2 11.5 11.5 10.3 10.2 6.9 6.9 6.9 6.9 7.0 7.0 7.0
Retained Earnings 343.9 326.6 310.0 292.6 276.0 261.0 250.0 237.0 224.7 216.1 205.2 189.1 173.8 164.0 150.3 139.2 128.2 121.9 112.2 104.4 89.4 79.2 67.4 59.9 59.9 56.7 52.3 48.1 42.6 38.0 35.5 32.5 29.7 27.2 28.4 27.1 25.5 23.8 23.2 22.2 21.7
Accumulated Other Comprehensive Income (37.9) (33.3) (36.4) (47.8) (52.8) (63.0) (46.1) (67.8) (71.6) (66.6) (94.2) (81.3) (68.0) (74.2) (84.7) (62.7) (39.8) (1.2) 5.7 6.9 6.2 10.6 10.3 8.2 2.1 2.6 2.7 2.2 (0.3) (3.5) (5.4) (4.6) (4.4) (1.6) (0.4) (0.3) (1.2) (2.3) 1.2 0.8 0.2
Total Stockholders' Equity 991.2 896.9 878.4 848.4 826.3 799.5 699.5 664.5 649.0 644.3 604.4 601.0 597.7 580.5 508.0 445.5 456.8 433.4 430.2 431.0 416.7 410.0 398.1 386.3 282.0 285.1 280.3 277.5 269.1 260.1 213.0 210.6 180.0 179.9 120.1 118.8 116.2 113.6 117.6 116.1 115.0
Total Liabilities & Equity 8,906.8 8,214.7 7,953.9 7,948.3 7,784.7 7,857.1 6,888.6 6,703.9 6,695.6 6,584.6 6,488.8 6,454.6 6,290.0 5,990.5 5,806.7 5,530.4 5,362.2 4,726.4 4,405.2 4,324.0 4,443.6 4,160.4 3,954.7 3,961.1 2,287.7 2,273.8 2,220.8 2,153.6 2,101.4 2,094.9 1,678.2 1,649.2 1,587.7 1,321.3 1,213.8 1,169.1 1,158.3 1,105.8 1,106.8 1,174.1 1,156.2
Debt Metrics
Total Debt 384.5 551.4 494.9 613.1 434.1 483.3 493.5 428.5 430.3 635.1 642.5 794.2 852.0 560.1 677.0 393.6 219.5 187.6 177.7 140.3 137.0 106.0 183.6 182.5 182.7 186.0 184.0 149.1 66.1 92.2 102.6 102.2 94.0 80.5 72.0 72.4 73.5 53.6 48.5 46.0 46.5
Net Debt (205.3) 140.2 95.8 117.4 121.2 164.2 280.4 220.5 244.4 409.0 451.0 613.3 692.3 407.4 524.4 238.9 (62.5) 119.2 96.4 9.5 (218.2) (43.1) 79.7 66.5 102.6 96.6 120.7 85.1 13.5 (3.8) 56.6 56.3 56.4 (27.1) 35.8 27.2 23.5 11.5 14.2 (70.8) (61.3)
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 23.6 22.4 22.9 22.1 20.5 16.5 17.8 17.2 13.6 15.8 20.5 19.7 15.0 18.0 13.8 13.8 8.7 12.1 10.3 17.4 12.3 13.8 9.6 2.1 4.5 5.8 5.5 6.8 5.7 3.4 3.9 3.6 3.1 (0.9) 1.7 2.1 2.0 1.5 1.4 0.8 1.4
Depreciation & Amortization 0 1.4 1.4 1.4 1.4 1.6 1.3 1.2 1.2 1.1 1.2 1.2 1.2 1.2 1.3 1.2 1.1 1.0 1.0 1.0 1.0 1.0 1.0 0.8 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Stock-Based Compensation 0 2.5 1.3 0.5 1.6 2.0 0.4 (0.6) 1.2 1.3 0.2 1.2 1.2 1.3 1.3 0.3 0.8 0.8 0.8 0.8 0.5 0.5 1.4 0.4 0.2 0.3 0.4 0.3 0.1 0.2 0.3 0.2 0.3 (0.1) 0.1 0.1 (0.1) 0.2 0.1 0.1 0.1
Change in Working Capital 2.4 0.4 5.0 (6.4) 3.4 (5.6) 2.0 0.2 (10.5) 5.1 2.5 6.8 3.9 (9.6) 4.0 1.7 6.9 0.4 (1.0) 1.0 0.8 (7.1) 8.8 (13.3) (0.1) (3.6) (0.5) 0.5 2.1 (2.3) 2.1 0.5 0.4 (2.5) 0.9 (0.3) (0.0) (1.2) 0.1 0.7 0.5
Other Non-Cash Items 0.8 (9.8) 1.1 (2.3) 0.1 4.8 0.6 (2.8) 0.3 2.1 (2.3) (3.8) 0.5 (0.8) 2.1 1.5 2.3 0.4 1.6 (8.4) 1.9 0.4 0.5 3.9 0.8 (0.5) 0.1 (1.1) 0.7 1.1 0.7 0.3 0.6 1.9 0.3 (0.6) (0.7) 0.2 (0.1) 0.0 0.1
Operating Cash Flow 26.7 16.9 32.4 14.0 28.7 17.3 21.4 15.1 7.6 21.3 22.4 25.8 22.9 11.4 20.7 18.0 19.5 14.7 12.1 11.6 18.1 14.2 21.8 (12.9) 6.2 2.9 5.8 6.8 8.8 2.7 7.0 5.3 4.3 0.8 3.3 1.9 2.0 1.5 2.2 1.9 2.5
Investing Activities
Capital Expenditure 0 (2.7) (0.3) (0.2) (1.2) 0.3 (0.4) (1.1) (0.4) (5.9) (3.5) (0.2) (2.1) (0.6) (0.8) (2.5) (3.9) (2.9) (0.1) (0.6) (0.4) (0.2) 0.2 (2.2) (0.8) (1.9) (1.1) (0.5) (0.4) (0.1) (0.1) (0.4) (0.3) (0.1) (0.1) (0.1) (0.2) (0.1) (0.6) (0.4) (0.3)
Acquisitions 94.1 (43.1) 0 (43.1) 0 100.1 0 0 (3.3) 0 (14.5) 0 0 0 0 0 163.5 (13.7) 0 (7.3) 0 0 0 0 0 0 (0.0) (17.4) 0 40.6 0 0 (49.8) 0 0 0 0 0 0 0 0
Purchases of Investments (76.4) (543.5) (75.0) (38.4) (51.2) (12.3) (48.8) (23.0) (25.0) (86.4) (11.1) (7.5) (41.6) (25.0) (14.2) (39.6) (46.7) (29.7) (192.5) (187.2) (123.1) (125.7) (31.5) (55.7) (21.4) (3.1) (10.4) (7.1) (9.6) (11.6) (2.9) (0.6) (2.3) (0.5) (5.1) (2.1) (3.4) (1.1) (9.0) (24.7) (12.1)
Sales/Maturities of Investments 150.5 538.8 34.6 31.0 37.9 29.7 34.5 22.0 24.2 86.0 24.2 20.8 36.2 33.6 26.5 28.4 55.7 32.0 36.8 24.9 35.2 34.7 71.3 18.2 25.1 12.9 16.6 17.2 19.3 14.3 9.7 10.2 14.1 5.6 8.9 5.6 7.5 6.6 6.9 23.8 17.2
Other Investing Activities 85.5 (193.2) (51.9) 33.7 86.3 (119.7) (139.0) 25.0 (157.6) (26.1) (43.6) (163.9) (282.0) (179.5) (315.1) (303.9) (76.4) (348.2) 23.7 73.1 4.6 (71.1) (54.5) (233.1) (28.7) (34.2) (73.6) (52.8) (46.1) (74.4) (37.6) (63.2) (16.0) (45.4) (58.4) (17.5) (48.3) (0.6) 14.9 (4.8) (49.1)
Investing Cash Flow 253.8 (243.7) (92.6) (17.1) 71.8 (1.9) (153.7) 22.9 (162.2) (32.4) (48.5) (150.8) (289.4) (171.5) (303.6) (317.6) 92.2 (362.5) (132.1) (97.1) (83.7) (162.4) (14.4) (272.8) (25.7) (26.3) (68.5) (60.6) (36.9) (31.2) (30.9) (53.9) (54.3) (40.4) (54.7) (14.1) (44.3) 4.9 12.2 (6.1) (44.3)
Financing Activities
Net Debt Issuance (174.3) 56.6 (125.6) 175.5 (44.9) (33.5) 62.0 (3.0) (203.0) (3.0) (151.7) (49.6) 295.0 (129.0) 280.0 179.1 (2.9) 34.0 20 (5) 31.5 (181.2) (3.0) 44.5 50 (35) 20 78 (25) (8.3) (0.3) 10 (5) 9.6 (0.7) (0.3) 19.7 0.5 (0.3) (0.3) (0.3)
Stock Repurchased (2.8) (3.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0 (8.3) (1.9) (0.7) (0.8) 0 0 (5) 0 (2.6) 0 0 0 0 0 0 0 0 0 (0.0) (0.9) 0 0 0
Dividends Paid (6.2) (5.8) (5.5) (5.5) (5.5) (5.5) (4.9) (4.9) (4.9) (4.9) (4.4) (4.4) (4.4) (4.3) (2.7) (2.7) (2.4) (2.4) (2.5) (2.5) (2.1) (2.1) (2.1) (2.1) (1.3) (1.3) (1.3) (1.3) (1.1) (0.9) (0.9) (0.8) (0.6) (0.6) (0.4) (0.4) (0.3) (0.4) (0.4) (0.4) 0
Other Financing Activities 81.5 191.7 94.5 15.9 (56.3) 129.5 80.4 (7.9) 322.3 53.7 192.6 200.2 (17.1) 245.5 3.4 (4.5) 107.5 302.9 61.2 (131.2) 241.5 377.4 (14.5) 279.1 (36.8) 85.6 45.5 (11.4) 10.2 87.8 25.3 19.9 (14.3) 39.5 43.5 8.2 30.8 2.8 (68.5) 20.0 74.5
Financing Cash Flow (101.8) 238.8 (36.5) 185.9 (106.7) 90.5 137.5 (15.8) 114.3 45.8 36.6 146.2 273.5 160.2 280.9 172.1 102.0 334.9 70.6 (139.0) 271.7 193.4 (19.5) 321.6 10.2 49.4 62.0 65.3 (15.4) 78.6 23.9 56.9 (19.9) 110.9 42.4 7.4 50.1 2.1 (69.2) 19.3 74.2
Cash Position
Net Change in Cash 178.6 12.1 (96.7) 182.9 (6.2) 105.9 5.1 22.1 (40.2) 34.6 10.5 21.2 7.0 0.1 (2.0) (127.4) 213.7 (13.0) (49.4) (224.5) 206.1 45.2 (12.1) 35.9 (9.3) 26.0 (0.7) 11.4 (43.5) 50.1 0.1 8.2 (70.0) 71.4 (9.0) (4.8) 7.8 8.4 (54.7) 15.1 32.4
Cash at Beginning 411.2 399.1 495.8 312.9 319.1 213.2 208.1 185.9 226.1 191.5 181.0 159.8 152.7 152.7 154.7 282.1 68.4 81.4 130.8 355.3 149.1 103.9 116.0 80.1 89.4 63.4 64.0 52.6 96.1 45.9 45.9 37.6 107.6 36.2 45.2 50.0 42.2 33.7 88.5 73.3 40.9
Cash at End 589.8 411.2 399.1 495.8 312.9 319.1 213.2 208.1 185.9 226.1 191.5 181.0 159.8 152.7 152.7 154.7 282.1 68.4 81.4 130.8 355.3 149.1 103.9 116.0 80.1 89.4 63.4 64.0 52.6 96.1 45.9 45.9 37.6 107.6 36.2 45.2 50.0 42.2 33.7 88.5 73.3
Free Cash Flow 26.7 14.3 32.1 13.8 27.5 17.6 21.0 14.0 7.2 15.3 18.9 25.6 20.9 10.8 19.9 15.5 15.6 11.7 12.0 11.0 17.7 14.0 22.0 (15.1) 5.5 1.0 4.8 6.3 8.4 2.6 6.9 4.9 4.0 0.7 3.2 1.8 1.8 1.4 1.6 1.5 2.2
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
Income Statement
Revenue 133.8 130.0 130.2 126.2 125.5 127.8 113.2 111.7 105.1 102.1 101.8 94.1 87.7 82.2 71.0 61.0 50.0 48.7 47.2 57.9 49.1 53.9 46.3 40.3 28.8 28.9 28.2 30.1 26.9 24.0 20.9 20.1 19.0 15.1 13.7 15 13.4 12.2 12.6 11.8 12.2 9.7 10.6 9.4 6.4 6.3 6.1 6.0 6.2 6.1 7.2 6.2 6.2
Gross Profit 84.2 83.1 77.6 76.1 75.0 70.7 64.9 64.5 59.4 61.1 63.1 61.0 57.7 60.7 57.8 53.6 44.8 43.5 41.9 51.3 41.7 47.0 38.3 28.8 21.6 22.7 21.7 23.1 20.8 18.7 16.7 16.5 15.8 10.7 11.5 12.0 11.5 10.4 11.0 10.2 10.2 9.5 9.9 8.6 7.1 6.3 6.1 6.0 6.2 6.1 7.2 6.2 6.2
Operating Income 29.5 30.7 28.9 28.0 25.8 21.3 22.8 21.8 17.2 20.3 26.0 25.0 19.2 22.9 17.4 17.2 11.0 14.6 12.9 22.0 15.1 17.4 11.7 2.7 5.0 7.5 6.8 8.5 7.0 4.3 4.8 4.5 3.8 1.0 2.3 2.9 2.7 2.0 1.9 1.1 1.8 2.5 1.3 1.4 1.6 1.1 1.4 1.4 1.5 0.9 2.1 1.4 1.3
Net Income 23.6 22.4 22.9 22.1 20.5 16.5 17.8 17.2 13.6 15.8 20.5 19.7 15.0 18.0 13.8 13.8 8.7 12.1 10.3 17.4 12.3 13.8 9.6 2.1 4.5 5.8 5.5 6.8 5.7 3.4 3.9 3.6 3.1 (0.9) 1.7 2.1 2.0 1.5 1.4 0.8 1.4 1.0 0.9 1.0 1.1 0.8 1.0 1.0 1.1 0.5 1.5 1.1 1.1
EPS (Diluted) 0.68 0.71 0.73 0.70 0.65 0.51 0.65 0.62 0.48 0.57 0.76 0.73 0.54 0.67 0.61 0.61 0.41 0.59 0.50 0.84 0.59 0.67 0.46 0.11 0.34 0.42 0.40 0.50 0.41 0.28 0.33 0.33 0.45 -0.07 0.24 0.30 0.29 0.21 0.20 0.12 0.20 0.14 0.13 0.14 0.20 0.15 0.19 0.19 0.21 0.10 0.28 0.20 0.20
Balance Sheet
Cash & Equivalents 589.8 411.2 399.1 495.8 312.9 319.1 213.2 208.1 185.9 226.1 191.5 181.0 159.8 152.7 152.7 154.7 282.1 68.4 81.4 130.8 355.3 149.1 103.9 116.0 80.1 89.4 63.4 64.0 52.6 96.1 45.9 45.9 37.6 107.6 36.2 45.2 50.0 42.2 34.2 116.8 107.9
Total Assets 8,906.8 8,214.7 7,953.9 7,948.3 7,784.7 7,857.1 6,888.6 6,703.9 6,695.6 6,584.6 6,488.8 6,454.6 6,290.0 5,990.5 5,806.7 5,530.4 5,362.2 4,726.4 4,405.2 4,324.0 4,443.6 4,160.4 3,954.7 3,961.1 2,287.7 2,273.8 2,220.8 2,153.6 2,101.4 2,094.9 1,678.2 1,649.2 1,587.7 1,321.3 1,213.8 1,169.1 1,158.3 1,105.8 1,106.8 1,174.1 1,156.2
Total Debt 384.5 551.4 494.9 613.1 434.1 483.3 493.5 428.5 430.3 635.1 642.5 794.2 852.0 560.1 677.0 393.6 219.5 187.6 177.7 140.3 137.0 106.0 183.6 182.5 182.7 186.0 184.0 149.1 66.1 92.2 102.6 102.2 94.0 80.5 72.0 72.4 73.5 53.6 48.5 46.0 46.5
Stockholders' Equity 991.2 896.9 878.4 848.4 826.3 799.5 699.5 664.5 649.0 644.3 604.4 601.0 597.7 580.5 508.0 445.5 456.8 433.4 430.2 431.0 416.7 410.0 398.1 386.3 282.0 285.1 280.3 277.5 269.1 260.1 213.0 210.6 180.0 179.9 120.1 118.8 116.2 113.6 117.6 116.1 115.0
Cash Flow
Operating Cash Flow 26.7 16.9 32.4 14.0 28.7 17.3 21.4 15.1 7.6 21.3 22.4 25.8 22.9 11.4 20.7 18.0 19.5 14.7 12.1 11.6 18.1 14.2 21.8 (12.9) 6.2 2.9 5.8 6.8 8.8 2.7 7.0 5.3 4.3 0.8 3.3 1.9 2.0 1.5 2.2 1.9 2.5
Capital Expenditure 0 (2.7) (0.3) (0.2) (1.2) 0.3 (0.4) (1.1) (0.4) (5.9) (3.5) (0.2) (2.1) (0.6) (0.8) (2.5) (3.9) (2.9) (0.1) (0.6) (0.4) (0.2) 0.2 (2.2) (0.8) (1.9) (1.1) (0.5) (0.4) (0.1) (0.1) (0.4) (0.3) (0.1) (0.1) (0.1) (0.2) (0.1) (0.6) (0.4) (0.3)
Free Cash Flow 26.7 14.3 32.1 13.8 27.5 17.6 21.0 14.0 7.2 15.3 18.9 25.6 20.9 10.8 19.9 15.5 15.6 11.7 12.0 11.0 17.7 14.0 22.0 (15.1) 5.5 1.0 4.8 6.3 8.4 2.6 6.9 4.9 4.0 0.7 3.2 1.8 1.8 1.4 1.6 1.5 2.2