Bunge Global S.A. logo BG - Bunge Global S.A.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 21
HOLD 4
SELL 0
STRONG
SELL 0
| PRICE TARGET: $133.67 DETAILS
HIGH: $150.00
LOW: $117.00
MEDIAN: $130.00
CONSENSUS: $133.67
UPSIDE: 10.74%
Annual Quarterly
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 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1
Revenue
Revenue 21,860 23,760 22,153 12,769 11,643 13,542 12,908 13,241 13,417 14,936 14,227 15,049 15,328 16,660 16,759 17,933 15,880 16,683 14,117 15,391 12,961 12,610 10,159 9,462 9,173 10,783 10,323 10,096 9,938 11,543 11,412 12,147 10,641 11,605 11,423 11,645 11,121 11,799 11,423 10,541 8,916 11,105 10,762 10,782 10,806 13,231 13,676 16,793 13,461 16,375 14,701 15,491 14,785 15,162 16,543 14,499 12,909 16,445 15,616 14,488 12,194 12,726 11,662 10,974 10,345 10,436 11,298 10,994 9,198 10,943 14,797 14,365 12,469 7,056 9,729 9,915 7,343 7,683 6,965 6,001 5,625 6,726 6,248 5,872 5,451 6,212 6,560 6,657 5,739 6,229 5,181 4,684 3,103 3,172 2,689 2,472
Cost of Revenue 20,222 22,486 21,335 12,295 11,035 12,461 12,136 12,577 12,541 13,682 13,182 13,684 14,147 15,842 15,871 17,161 14,676 15,994 13,255 14,726 11,814 11,706 9,557 8,357 8,999 10,212 11,301 9,584 9,501 11,121 10,494 11,605 10,257 11,146 10,934 11,290 10,661 11,095 10,867 10,011 8,296 10,402 10,017 10,247 10,096 12,536 12,957 16,000 13,047 15,565 14,013 14,875 14,138 14,629 15,700 13,856 12,372 15,709 14,910 13,841 11,555 11,897 10,950 10,549 9,800 10,122 10,955 10,582 9,063 10,434 13,588 12,914 11,602 6,280 8,822 9,383 7,043 7,169 6,480 5,713 5,341 6,374 5,841 5,445 5,066 5,740 6,007 6,161 5,374 5,822 4,912 4,353 2,783 2,894 2,479 2,316
Gross Profit 1,638 1,274 818 474 608 1,081 772 664 876 1,254 1,045 1,365 1,181 818 888 772 1,204 689 862 665 1,147 904 602 1,105 174 571 (978) 512 437 422 918 542 384 459 489 355 460 704 556 530 620 703 745 535 710 695 719 793 414 810 688 616 647 533 843 643 537 736 706 647 639 829 712 425 545 314 343 412 135 509 1,209 1,451 867 776 907 532 300 514 485 288 284 352 407 427 385 472 553 496 365 407 269 331 320 278 210 156
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 531 638 678 418 380 451 437 449 439 495 447 420 353 390 337 334 308 338 327 297 271 365 352 346 295 382 329 335 305 369 333 377 344 399 339 326 378 345 324 303 314 385 358 361 331 530 403 392 366 443 382 379 349 332 396 374 393 432 394 383 344 439 357 415 347 390 349 309 294 369 382 460 402 434 353 307 265 278 255 218 227 287 230 243 196 270 231 192 178 186 164 221 123 116 112 82
Other 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 111 0 0 0 2 0 0 0 (14) 0 0
Operating Expenses 531 638 678 418 380 451 437 449 439 495 447 420 353 390 337 334 308 338 327 297 271 365 352 346 295 382 329 335 305 369 333 377 344 399 339 326 378 345 324 303 314 385 358 361 331 530 403 392 366 443 382 379 349 332 396 374 393 432 394 383 344 439 357 415 347 390 349 309 294 369 382 460 402 434 353 307 265 278 255 218 227 287 230 243 196 381 231 192 178 188 164 221 123 102 112 82
Operating Income
Operating Income 1,107 636 140 56 228 630 335 215 437 759 598 945 828 428 551 438 896 351 535 368 876 539 250 759 (121) 189 (1,307) 177 132 53 585 165 40 60 150 29 82 359 232 227 306 318 387 174 379 165 316 401 48 367 306 237 298 201 447 269 144 304 312 264 295 390 355 10 198 (76) (6) 103 (159) 140 827 991 465 342 554 225 35 236 230 70 57 65 177 184 189 91 322 304 187 219 105 110 197 176 98 74
Interest Expense 166 197 180 83 82 113 127 123 108 142 133 129 112 97 103 92 111 59 57 54 73 70 56 62 77 90 86 88 75 74 101 94 70 72 64 62 65 45 73 59 57 71 77 57 53 122 70 76 79 99 103 86 76 71 77 78 62 80 80 70 72 57 62 101 78 71 79 66 67 0 97 90 98 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 45 40 57 46 59 51 33 37 42 27 38 40 43 21 30 11 9 14 19 6 9 4 5 6 7 9 8 7 7 10 7 6 8 9 9 8 12 14 13 14 10 1 18 13 11 16 19 33 19 29 27 12 9 0 5 16 25 30 28 23 21 7 20 23 19 26 20 40 36 0 57 54 48 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 1,345 862 381 172 348 966 568 340 589 1,155 745 1,062 1,056 705 700 455 1,017 462 903 579 1,288 848 467 856 (58) 155 (1,290) 515 302 250 712 241 214 234 351 240 277 578 391 363 445 443 566 341 504 340 518 611 219 573 551 394 427 (226) 608 556 346 448 363 545 454 520 468 2,534 269 60 298 567 (54) (290) 529 1,413 625 456 649 315 121 321 312 149 135 142 247 252 252 149 375 354 238 270 146 163 234 229 138 112
EBIT 1,107 636 140 56 228 843 449 226 477 1,021 636 956 954 602 599 353 915 355 798 473 1,182 736 361 752 (171) 35 (1,424) 360 163 91 553 79 72 73 185 88 147 433 243 222 332 301 430 194 384 181 356 449 95 428 398 245 306 (382) 458 412 226 320 212 402 350 403 357 2,421 167 (64) 179 462 (149) (385) 412 1,294 517 342 554 225 35 236 230 70 57 65 177 184 189 91 322 304 187 219 105 110 197 176 98 74
Income Before Tax 61 86 270 494 284 730 322 103 369 879 503 827 842 505 496 261 804 296 741 419 1,109 666 305 690 (248) (55) (1,510) 272 88 17 452 (15) 2 1 121 26 82 388 170 163 275 230 353 137 331 59 286 373 16 329 295 159 230 (446) 381 334 164 242 132 332 278 356 303 2,329 89 (66) 100 401 (210) (196) 329 1,197 439 334 496 238 20 195 194 27 69 (11) 152 165 142 178 282 170 128 177 231 97 86 88 27 (4)
Income Tax Expense (14) (2) 86 124 80 100 89 30 117 219 114 198 183 131 113 36 108 64 92 50 192 97 38 168 (55) 16 (28) 60 38 73 85 2 19 54 29 (55) 28 102 45 39 34 26 140 45 85 99 9 111 30 202 591 38 73 (168) 82 75 40 (18) (1) 20 43 41 97 542 9 (58) (97) 79 (34) (214) 5 337 117 89 145 70 6 (69) 25 (3) 11 (160) (18) 52 44 73 100 58 58 70 48 0 36 40 4 0
Net Income 68 95 169 354 201 602 221 70 244 616 373 622 632 336 380 206 688 231 653 362 831 551 262 516 (184) (51) (1,488) 214 45 (65) 365 (12) (21) (60) 92 81 47 271 118 121 235 203 239 86 263 (54) 294 288 (13) 138 (148) 136 180 (599) 297 274 92 254 140 316 232 301 212 1,778 63 11 232 313 (195) (210) 234 751 289 245 351 168 14 264 169 30 58 149 170 113 98 105 182 112 70 100 182 88 50 48 23 6
Per Share Data
EPS (Basic) 0.35 0.49 0.85 2.63 1.50 4.49 1.57 0.49 1.70 4.24 2.55 4.13 4.20 2.24 2.52 1.36 4.83 1.57 4.59 2.49 5.86 3.93 1.90 3.62 -1.46 -0.48 -10.57 1.46 0.26 -0.52 2.53 -0.15 -0.21 -0.43 0.59 0.52 0.27 1.88 0.83 0.78 1.57 1.32 1.61 0.50 1.71 0.56 1.96 1.85 -0.09 0.78 -0.81 0.76 1.16 -4.09 2.00 1.81 0.58 1.74 0.91 2.08 1.52 2.04 1.38 12.21 0.31 0.08 1.73 2.47 -1.60 -1.73 1.77 6.01 2.23 2.02 2.84 1.32 0.05 2.20 1.41 0.25 0.49 1.26 1.53 1.02 0.88 0.94 1.65 1.08 0.70 1.00 1.83 0.88 0.50 0.56 0.36 0.09
EPS (Diluted) 0.35 0.49 0.85 2.61 1.48 4.36 1.56 0.48 1.68 4.19 2.47 4.09 4.15 2.21 2.49 1.34 4.48 1.52 4.28 2.37 5.52 3.74 1.84 3.47 -1.46 -0.48 -10.57 1.43 0.26 -0.52 2.44 -0.15 -0.21 -0.43 0.59 0.51 0.27 1.82 0.83 0.78 1.54 1.30 1.56 0.50 1.67 0.56 1.90 1.81 -0.09 0.78 -0.81 0.75 1.15 -4.09 1.92 1.78 0.57 1.73 0.89 2.02 1.49 1.93 1.36 11.15 0.31 0.08 1.62 2.28 -1.60 -1.73 1.70 5.45 2.10 1.91 2.70 1.30 0.05 2.20 1.40 0.25 0.48 1.23 1.41 0.94 0.82 0.88 1.53 1.00 0.65 0.93 1.80 0.88 0.50 0.56 0.36 0.09
Shares Outstanding 193.8 193.4 197.1 134.5 134.1 138 140.5 141.6 143.5 145.3 149.2 150.6 150.1 149.9 150.6 151.8 153.6 141.1 141.4 141.5 140.3 139.8 139.6 141.6 141.8 141.8 141.5 141.5 141.2 141.1 141.1 140.0 135.0 140.6 140.6 140.5 139.8 139.5 139.4 139.4 141.1 142.5 142.5 143.8 145.2 145.7 145.1 146.5 146.7 147.8 147.3 147.1 146.6 146.3 144.2 146.0 145.9 145.9 145.5 147.3 147.2 147.2 139.6 144.0 140.1 144.2 121.9 121.7 121.7 121.6 121.6 121.6 121.3 121.1 120.9 120.5 120 120 119.9 120 118.4 118.4 111.1 110.8 111.4 111.4 110.3 103.7 100 100 99.5 99.6 99.2 85.6 64.4 64.4
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 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1
Current Assets
Cash & Cash Equivalents 839 1,135 1,325 6,790 3,245 3,311 2,836 1,161 2,939 2,602 2,173 1,330 3,052 1,104 956 818 386 902 1,033 464 226 352 291 277 193 320 291 238 464 389 267 221 287 601 389 575 676 934 297 548 523 2,771 473 553 489 498 845 524 523 489 441 396 470 231 191 231 324
Short-Term Investments 862 1,069 2,394 347 638 484 178 166 199 105 122 73 97 119 90 172 264 520 451 437 351 346 294 321 284 393 459 514 343 162 119 337 632 213 544 290 177 158 340 492 586 0 0 0 0 0 19 0 0 13 13 0 12 16 59 112 23
Net Receivables 4,846 4,820 4,500 2,786 2,858 2,737 2,488 2,689 2,714 3,024 2,910 3,039 3,178 3,296 2,852 2,916 2,976 2,506 2,805 2,905 2,617 2,129 1,972 1,853 1,979 2,218 2,296 2,198 2,238 2,239 2,263 2,442 2,359 2,181 2,561 2,240 2,119 2,324 2,131 2,006 2,247 2,489 2,368 2,363 2,098 1,939 2,997 1,889 1,587 1,495 1,370 1,270 1,168 649 784 700 742
Inventory 15,428 13,653 13,688 8,014 7,817 6,491 7,465 8,057 7,505 7,105 7,548 8,806 8,952 8,408 8,112 10,481 10,988 8,431 8,014 8,460 8,616 7,172 6,463 6,007 5,451 5,038 5,466 5,875 5,938 5,871 7,183 7,062 6,952 5,074 5,848 5,454 5,188 4,773 5,173 5,966 4,807 4,571 3,890 4,862 6,690 4,961 5,622 3,583 3,950 2,867 2,754 2,401 2,407 1,863 1,564 1,777 1,169
Other Current Assets 3,975 2,633 3,647 2,499 2,124 2,316 2,187 2,539 2,345 2,386 2,755 3,010 2,854 2,836 4,078 4,354 5,155 3,160 3,338 4,354 4,678 5,397 3,639 2,303 2,475 1,559 1,465 1,500 1,573 1,732 2,354 2,407 2,174 1,515 1,701 2,490 2,803 1,881 3,056 3,988 2,323 3,125 4,626 4,005 4,049 3,668 3,848 1,450 1,719 1,307 1,374 2,024 1,392 980 696 518 585
Total Current Assets 27,094 24,391 26,719 21,445 17,373 15,958 15,919 15,452 16,740 16,350 16,624 17,200 19,040 16,758 17,195 19,732 20,890 16,460 16,534 17,555 17,285 16,181 13,501 11,468 11,100 10,248 10,826 11,107 11,239 11,068 13,111 13,518 13,376 10,403 11,985 11,914 12,008 11,092 11,923 13,868 11,423 12,956 11,357 11,783 13,326 11,066 13,760 7,446 7,779 6,418 5,952 6,091 5,449 3,739 3,294 3,338 2,843
Non-Current Assets
Property, Plant & Equipment 13,610 13,364 13,297 6,830 6,507 6,186 6,052 5,678 5,542 5,467 5,147 5,103 4,684 4,641 4,499 4,501 4,555 4,411 4,568 4,577 4,497 4,643 4,591 4,490 4,586 4,928 4,872 6,265 6,207 4,538 5,164 5,274 5,735 4,601 5,420 5,331 5,351 4,486 5,169 5,083 4,884 4,651 4,653 5,244 4,584 3,918 3,967 2,010 2,066 2,090 1,873 1,750 1,965 1,221 1,541 1,691 1,765
Goodwill 3,291 3,141 2,769 460 463 453 482 466 480 489 472 484 478 470 445 468 497 484 562 579 556 586 559 550 553 611 701 729 723 727 723 728 800 515 515 504 497 373 371 440 429 960 991 427 376 324 251 0 0 0 0 0 0 0 0 0 0
Intangible Assets 304 309 328 316 319 321 358 355 380 398 417 346 356 360 350 383 416 431 482 502 496 529 524 524 533 583 606 643 657 697 711 738 801 323 338 362 365 336 318 329 339 191 205 170 114 105 112 235 248 240 157 150 345 143 163 193 186
Long-Term Investments 1,768 1,866 1,947 1,034 975 953 1,310 1,361 1,455 1,422 1,344 1,324 1,296 1,175 1,199 1,230 1,114 960 915 888 789 767 711 664 774 910 549 550 548 542 540 522 864 842 794 893 945 891 860 753 383 584 586 622 781 757 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 575 567 449 423 375 383 421 418 481 473 497 558 532 464 466 483 563 523 496 511 591 610 564 568 634 595 635 674 736 1,395 763 834 995 1,671 952 886 939 1,486 846 1,036 924 1,786 3,810 2,061 1,649 1,177 1,797 898 900 903 970 303 334 162 180 215 197
Total Non-Current Assets 20,482 20,137 19,579 9,709 9,287 8,941 9,348 8,976 9,081 9,022 8,509 8,512 8,070 7,822 7,597 7,687 7,834 7,359 7,575 7,530 7,248 7,474 7,260 7,091 7,496 8,069 7,808 9,317 9,296 8,357 8,335 8,606 9,708 8,468 8,567 8,519 8,612 8,096 8,122 8,227 7,516 9,138 11,193 9,503 8,482 7,123 7,066 3,398 3,446 3,466 3,126 2,471 2,900 1,603 2,012 2,247 2,304
Total Assets 47,576 44,528 46,298 31,154 26,660 24,899 25,267 24,428 25,821 25,372 25,133 25,712 27,110 24,580 24,792 27,419 28,724 23,819 24,109 25,085 24,533 23,655 20,761 18,559 18,596 18,317 18,634 20,424 20,535 19,425 21,446 22,124 23,084 18,871 20,552 20,433 20,620 19,188 20,045 22,095 18,939 22,094 22,550 21,286 21,808 18,189 20,826 10,844 11,225 9,884 9,078 8,562 8,349 5,342 5,306 5,585 5,147
Current Liabilities
Account Payables 6,176 4,881 4,780 2,894 3,831 2,777 3,211 3,429 4,503 3,664 3,975 4,248 5,476 4,386 4,455 5,347 5,836 4,250 3,944 3,634 3,842 2,636 2,708 2,602 3,368 2,842 3,046 3,053 3,841 3,501 3,274 3,138 3,909 3,395 3,650 3,513 3,898 3,485 3,205 2,805 3,284 3,278 3,285 3,275 3,361 2,976 3,614 2,100 1,946 1,678 1,582 1,226 1,271 953 805 783 705
Short-Term Debt 4,708 5,428 6,326 4,225 2,003 1,544 1,418 954 1,016 802 1,215 671 1,408 1,392 2,100 3,457 2,440 1,177 1,661 1,859 2,715 2,836 2,119 2,057 1,245 1,278 1,890 2,309 2,147 1,169 2,388 2,988 1,625 634 1,621 1,891 1,931 1,723 1,955 3,232 1,265 1,016 643 197 1,329 685 1,635 792 1,884 1,017 1,185 1,483 1,499 294 1,163 1,703 1,162
Deferred Revenue 740 814 561 400 363 501 279 364 430 463 372 380 485 601 339 378 413 437 276 258 333 406 290 322 325 411 227 237 310 405 226 308 310 406 196 246 341 395 213 265 315 0 0 253 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 3,545 1,877 2,073 1,428 1,223 1,316 1,416 1,455 1,229 1,251 1,576 1,921 1,770 1,885 2,497 2,822 4,044 2,253 2,614 3,737 3,673 4,014 2,949 1,831 2,467 1,139 1,484 1,092 1,013 1,479 1,779 2,027 2,104 1,174 1,338 1,770 1,879 1,533 2,322 834 1,590 2,413 3,001 100 3,200 2,777 2,754 1,249 1,464 634 699 737 568 874 521 341 360
Total Current Liabilities 16,940 15,127 16,097 10,384 8,535 7,435 7,691 7,606 8,429 7,687 8,245 8,291 10,408 9,600 10,567 13,101 13,860 9,324 9,759 10,321 11,340 10,985 8,932 7,496 8,022 6,595 7,369 7,457 8,053 7,172 8,301 9,043 8,550 6,215 7,468 7,933 8,616 7,684 8,281 10,315 7,092 6,707 6,929 6,207 7,890 6,438 8,956 4,141 5,294 3,937 4,016 3,947 3,794 2,121 2,489 2,827 2,227
Non-Current Liabilities
Long-Term Debt 9,947 8,831 9,809 7,044 4,714 4,694 4,777 4,086 4,079 4,080 3,967 4,278 4,312 3,259 2,997 3,062 4,040 4,787 4,814 5,334 4,341 4,452 4,419 3,980 3,753 3,716 4,581 4,039 3,821 4,203 4,912 4,992 5,446 4,160 4,246 3,918 3,266 3,069 3,447 3,388 3,845 2,828 3,544 3,618 3,921 2,998 3,480 2,826 2,331 2,377 1,910 1,911 1,904 1,308 809 878 950
Deferred Tax Liabilities 929 988 925 347 373 379 376 369 385 400 380 381 375 365 335 315 354 338 323 413 384 360 335 309 294 329 333 349 323 356 361 355 361 223 246 268 216 239 214 207 212 115 112 183 145 124 178 183 191 206 100 219 253 125 114 125 127
Other Non-Current Liabilities 1,148 1,063 1,024 761 786 847 670 805 842 824 900 871 802 849 918 816 800 658 657 664 658 657 637 665 667 711 769 879 874 892 947 950 980 916 842 879 889 853 826 845 786 757 1,092 913 942 853 904 407 417 433 408 368 431 204 233 247 283
Total Non-Current Liabilities 13,159 11,979 12,910 8,814 6,532 6,515 6,418 5,837 5,863 5,870 5,742 6,059 5,979 5,020 4,852 4,778 5,753 6,289 6,316 6,950 5,939 6,050 5,975 5,457 5,208 5,295 6,203 6,017 5,757 5,451 6,220 6,297 6,787 5,299 5,334 5,065 4,371 4,161 4,487 4,440 4,843 3,700 4,748 4,714 5,008 3,975 4,562 3,416 2,939 3,016 2,418 2,498 2,588 1,637 1,156 1,250 1,360
Total Liabilities 30,099 27,106 29,007 19,198 15,067 13,950 14,109 13,443 14,292 13,557 13,987 14,350 16,387 14,620 15,419 17,879 19,613 15,613 16,075 17,271 17,279 17,035 14,907 12,953 13,230 11,890 13,572 13,474 13,810 12,623 14,521 15,340 15,337 11,514 12,802 12,998 12,987 11,845 12,768 14,755 11,935 10,407 11,677 10,921 12,898 10,413 13,518 7,557 8,233 6,953 6,434 6,445 6,382 3,758 3,645 4,077 3,587
Stockholders' Equity
Common Stock 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1,429 1,429
Retained Earnings 13,216 13,152 13,053 13,011 13,034 12,838 12,231 12,005 12,321 12,077 11,555 11,279 10,757 10,222 9,980 9,692 9,581 8,979 8,830 8,259 7,982 7,236 6,784 6,581 6,158 6,437 6,611 8,179 8,045 8,059 8,203 7,917 8,008 8,081 8,214 8,195 8,188 8,208 8,004 7,953 7,900 5,734 4,008 3,996 3,852 3,584 2,753 1,182 1,081 1,022 855 683 653 575 395 338 315
Accumulated Other Comprehensive Income (6,017) (6,084) (6,107) (6,123) (6,436) (6,702) (6,354) (6,446) (6,194) (6,054) (6,224) (6,091) (6,171) (6,371) (6,611) (6,436) (6,213) (6,471) (6,436) (6,258) (6,484) (6,246) (6,504) (6,515) (6,411) (5,624) (7,234) (6,919) (7,000) (6,935) (6,958) (6,795) (5,947) (5,930) (5,662) (5,951) (5,726) (5,978) (5,825) (5,718) (6,026) (25) 229 319 (152) (878) 511 (749) (671) (656) (759) (1,082) (1,181) (1,354) (859) (721) (668)
Total Stockholders' Equity 16,045 15,904 15,768 10,883 10,578 9,913 10,135 10,002 10,551 10,851 10,251 10,575 9,955 9,224 8,705 8,732 8,581 7,669 7,495 7,184 6,637 6,069 5,327 5,093 4,862 5,913 4,460 6,331 6,100 6,173 6,280 6,146 7,065 7,148 7,546 7,227 7,428 7,144 7,083 7,126 6,772 11,408 9,987 9,494 8,111 7,111 6,706 2,782 2,428 2,377 2,105 1,608 1,472 1,220 1,243 1,046 1,076
Total Liabilities & Equity 47,576 44,528 46,298 31,154 26,660 24,899 25,267 24,428 25,821 25,372 25,133 25,712 27,110 24,580 24,792 27,419 28,724 23,819 24,109 25,085 24,533 23,655 20,761 18,559 18,596 18,317 18,634 20,424 20,535 19,425 21,446 22,124 23,084 18,871 20,552 20,433 20,620 19,188 20,045 22,095 18,939 22,094 22,550 21,286 21,808 18,189 20,826 10,844 11,225 9,884 9,078 8,562 8,349 5,342 5,306 5,585 5,147
Debt Metrics
Total Debt 16,291 15,855 17,778 12,213 7,661 7,119 7,078 5,917 5,967 5,756 5,994 5,848 6,618 5,623 6,135 7,500 7,416 6,820 7,329 7,997 7,853 8,104 7,355 6,760 5,709 5,749 7,182 7,329 6,932 5,372 7,300 7,980 7,071 4,794 5,867 5,809 5,197 4,792 5,402 6,620 5,110 3,844 4,187 3,815 5,250 3,683 5,115 3,618 4,215 3,394 3,095 3,394 3,403 1,602 1,972 2,581 2,112
Net Debt 15,452 14,720 16,453 5,423 4,416 3,808 4,242 4,756 3,028 3,154 3,821 4,518 3,566 4,519 5,179 6,682 7,030 5,918 6,296 7,533 7,627 7,752 7,064 6,483 5,516 5,429 6,891 7,091 6,468 4,983 7,033 7,759 6,784 4,193 5,478 5,234 4,521 3,858 5,105 6,072 4,587 1,073 3,714 3,262 4,761 3,185 4,270 3,094 3,692 2,905 2,654 2,998 2,933 1,371 1,781 2,350 1,788
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 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2
Operating Activities
Net Income 75 95 181 370 204 630 233 73 252 660 389 629 659 374 383 225 696 232 649 369 917 569 267 522 (193) (71) (1,482) 212 50 (58) 374 (10) (19) (53) 92 87 48 285 130 120 232 170 113 98 112 70 100 89 182 40 88 95 59 13 48 57 23
Depreciation & Amortization 238 0 241 116 120 123 119 114 0 134 109 106 102 103 101 102 102 107 105 106 106 112 106 104 113 120 134 155 139 159 159 162 142 161 166 152 130 145 148 141 113 70 68 63 50 51 51 43 41 49 53 38 37 43 53 36 40
Stock-Based Compensation 23 0 19 16 19 16 15 17 17 18 17 17 17 18 15 16 16 15 17 16 13 24 20 12 15 9 13 13 4 15 10 14 7 2 10 7 10 13 5 13 13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (628) 894 1,945 (1,359) (586) 319 1,013 (1,847) 610 843 795 (1,166) 201 (1,034) (1,008) (2,279) (3,306) (1,840) (713) (678) (1,776) (1,940) (968) (1,911) (278) 316 (609) (1,053) (657) 1,861 (355) (2,063) (1,935) 1,173 (1,070) (915) (819) 881 1,016 (1,136) (414) 163 (192) (402) 122 (868) (701) 191 225 (48) (138) (148) (233) (100) 112 139 (689)
Other Non-Cash Items (191) 322 (1,424) (213) (64) (68) (37) 186 125 (91) 30 (101) (59) 48 (32) 140 (110) 243 (84) (143) (283) (193) (52) 92 (28) 136 1,736 (14) 65 49 15 156 47 40 83 (47) 40 (76) (3) 51 101 (51) (76) 6 127 17 (155) 75 (190) (16) (27) 194 71 83 49 (44) 104
Operating Cash Flow (541) 1,337 854 (1,072) (285) 1,053 1,327 (1,474) 994 1,448 1,388 (459) 931 (518) (574) (1,801) (2,656) (1,252) (206) (449) (987) (1,408) (626) (1,063) (439) 499 (230) (681) (402) 2,021 53 (1,796) (1,542) 1,308 175 (430) (47) 1,269 1,319 (761) 77 299 (123) (226) 404 (720) (679) 422 219 (3) (24) 179 (51) 26 254 202 (538)
Investing Activities
Capital Expenditure (336) (538) 716 (406) (310) (489) (354) (297) (236) (317) (264) (368) (173) (202) (141) (106) (106) (160) (106) (80) (53) (135) (103) (72) (55) (146) (113) (146) (119) (175) (98) (115) (105) (177) (143) (160) (182) (296) (213) (165) (110) (130) (118) (94) (68) (52) (121) (64) (66) (53) (110) (57) (37) (38) (79) (46) (35)
Acquisitions (105) (108) (4,625) 434 75 589 (2) 104 (16) 5 (3) (33) 65 12 494 (53) 0 1 308 7 296 194 (2) (1) 4 718 (3) (2) (4) (14) (3) 16 (984) (49) 16 (50) (412) (50) (4) (9) (11) (5) 0 (24) (34) (3) (88) (33) (70) (5) (759) 2 0 (99) (4) (5) 0
Purchases of Investments 0 (612) 810 (355) (455) (409) (237) (279) (360) (50) (15) (64) (4) (78) (118) (205) (55) (96) (68) (81) (97) (44) (67) (122) (104) (51) (65) (84) (193) (21) (81) (462) (620) (258) (526) (95) (65) (38) (79) (185) (251) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 1,516 (905) 507 343 219 185 315 239 28 7 13 1 109 130 69 18 0 145 26 0 33 33 224 80 20 154 137 37 (40) 247 611 346 563 256 60 59 218 250 176 158 0 0 0 0 0 0 0 0 0 4 0 0 12 0 0 0
Other Investing Activities (77) 9 (1,418) (2) 67 (67) (1) 5 (23) (29) 13 23 156 1,545 1,881 1,714 1,591 1,806 1,394 902 969 785 391 305 469 538 266 321 238 436 376 440 656 (7) 899 291 549 (93) (204) (22) 2 10 16 2 (16) 8 85 204 262 9 3 1 3 2 (2) 64 (59)
Investing Cash Flow (182) 267 (5,422) 178 (280) (157) (409) (152) (396) (363) (262) (429) 45 1,386 2,246 1,419 1,448 1,551 1,673 774 1,115 833 252 334 394 1,059 239 226 (41) 186 652 510 (938) 72 (395) (232) (607) (259) (250) (205) (212) (132) (94) (124) (118) (47) (124) 107 126 (49) (862) (54) (34) (123) (85) 13 (94)
Financing Activities
Net Debt Issuance 551 (2,941) (224) 4,512 398 138 1,087 (47) 238 (312) 289 (754) 1,002 (561) (1,145) 268 730 (454) (673) 119 (89) 723 479 998 2 (1,480) 138 314 590 (1,985) (626) 1,319 2,248 (1,066) 132 618 402 (295) (1,198) 1,085 469 (233) 319 275 (573) 810 794 (437) (370) (5) 1,100 (91) 156 (119) (194) (562) 602
Stock Repurchased 0 (6) (545) 0 0 (500) (200) 0 (400) (134) (466) 0 0 0 0 0 0 0 (100) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (19) (181) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (136) (135) (139) (94) (91) (91) (96) (96) (95) (96) (99) (94) (94) (93) (94) (80) (82) (83) (82) (79) (79) (79) (78) (80) (79) (80) (79) (79) (79) (80) (78) (74) (73) (74) (72) (68) (67) (66) (67) (62) (62) (31) (45) (14) (28) (12) (13) (28) (23) (41) (38) (4) (13) (18) (10) 0 0
Other Financing Activities (9) 1,349 (9) 30 183 (13) (27) 14 (2) (101) (29) 39 (7) (13) (308) 549 60 71 (81) 20 (122) (10) 2 (108) (7) (7) (8) (3) 2 (13) (5) (1) (1) (9) (27) 10 41 (25) (49) (11) (7) 0 8 (8) 0 0 0 0 55 0 48 (27) 0 0 50 270 (5)
Financing Cash Flow 406 (1,733) (917) 4,448 490 (466) 764 (129) (259) (643) (305) (809) 901 (667) (1,547) 737 708 (466) (936) 60 (290) 634 403 810 (84) (1,567) 51 232 513 (2,078) (709) 1,244 2,174 (1,149) 33 560 376 (386) (1,314) 993 219 (268) 288 256 (270) 803 781 (467) (335) (40) 1,111 (114) 143 155 (154) (292) 597
Cash Position
Net Change in Cash (319) (190) (5,487) 3,563 (79) 439 1,688 (1,752) 330 430 833 (1,697) 1,905 155 174 417 (499) (151) 552 252 (129) 73 29 84 (127) 29 45 (221) 76 122 46 (67) (313) 212 (186) (101) (258) 637 (251) 25 112 (88) 75 (93) 1 34 (12) 60 45 (74) 239 (58) 55 35 8 (40) (93)
Cash at Beginning 1,166 1,325 6,812 3,249 3,328 2,889 1,201 2,953 2,623 2,193 1,360 3,057 1,152 997 823 406 905 1,056 504 252 381 308 279 195 322 293 248 469 393 271 225 292 605 389 575 676 934 297 548 523 411 414 339 432 523 489 501 441 396 470 231 289 234 199 191 231 324
Cash at End 847 1,135 1,325 6,812 3,249 3,328 2,889 1,201 2,953 2,623 2,193 1,360 3,057 1,152 997 823 406 905 1,056 504 252 381 308 279 195 322 293 248 469 393 271 225 292 601 389 575 676 934 297 548 523 326 414 339 524 523 489 501 441 396 470 231 289 234 199 191 231
Free Cash Flow (877) 799 1,570 (1,478) (595) 564 973 (1,771) 758 1,131 1,124 (827) 758 (720) (715) (1,907) (2,762) (1,412) (312) (529) (1,040) (1,543) (729) (1,135) (494) 359 (343) (827) (521) 1,846 166 (1,891) (1,878) 1,131 (868) (866) (785) 973 1,106 (926) (33) 169 (241) (320) 336 (772) (800) 358 153 (56) (134) 122 (88) (12) 175 156 (573)
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 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1
Income Statement
Revenue 21,860 23,760 22,153 12,769 11,643 13,542 12,908 13,241 13,417 14,936 14,227 15,049 15,328 16,660 16,759 17,933 15,880 16,683 14,117 15,391 12,961 12,610 10,159 9,462 9,173 10,783 10,323 10,096 9,938 11,543 11,412 12,147 10,641 11,605 11,423 11,645 11,121 11,799 11,423 10,541 8,916 11,105 10,762 10,782 10,806 13,231 13,676 16,793 13,461 16,375 14,701 15,491 14,785 15,162 16,543 14,499 12,909 16,445 15,616 14,488 12,194 12,726 11,662 10,974 10,345 10,436 11,298 10,994 9,198 10,943 14,797 14,365 12,469 7,056 9,729 9,915 7,343 7,683 6,965 6,001 5,625 6,726 6,248 5,872 5,451 6,212 6,560 6,657 5,739 6,229 5,181 4,684 3,103 3,172 2,689 2,472
Gross Profit 1,638 1,274 818 474 608 1,081 772 664 876 1,254 1,045 1,365 1,181 818 888 772 1,204 689 862 665 1,147 904 602 1,105 174 571 (978) 512 437 422 918 542 384 459 489 355 460 704 556 530 620 703 745 535 710 695 719 793 414 810 688 616 647 533 843 643 537 736 706 647 639 829 712 425 545 314 343 412 135 509 1,209 1,451 867 776 907 532 300 514 485 288 284 352 407 427 385 472 553 496 365 407 269 331 320 278 210 156
Operating Income 1,107 636 140 56 228 630 335 215 437 759 598 945 828 428 551 438 896 351 535 368 876 539 250 759 (121) 189 (1,307) 177 132 53 585 165 40 60 150 29 82 359 232 227 306 318 387 174 379 165 316 401 48 367 306 237 298 201 447 269 144 304 312 264 295 390 355 10 198 (76) (6) 103 (159) 140 827 991 465 342 554 225 35 236 230 70 57 65 177 184 189 91 322 304 187 219 105 110 197 176 98 74
Net Income 68 95 169 354 201 602 221 70 244 616 373 622 632 336 380 206 688 231 653 362 831 551 262 516 (184) (51) (1,488) 214 45 (65) 365 (12) (21) (60) 92 81 47 271 118 121 235 203 239 86 263 (54) 294 288 (13) 138 (148) 136 180 (599) 297 274 92 254 140 316 232 301 212 1,778 63 11 232 313 (195) (210) 234 751 289 245 351 168 14 264 169 30 58 149 170 113 98 105 182 112 70 100 182 88 50 48 23 6
EPS (Diluted) 0.35 0.49 0.85 2.61 1.48 4.36 1.56 0.48 1.68 4.19 2.47 4.09 4.15 2.21 2.49 1.34 4.48 1.52 4.28 2.37 5.52 3.74 1.84 3.47 -1.46 -0.48 -10.57 1.43 0.26 -0.52 2.44 -0.15 -0.21 -0.43 0.59 0.51 0.27 1.82 0.83 0.78 1.54 1.30 1.56 0.50 1.67 0.56 1.90 1.81 -0.09 0.78 -0.81 0.75 1.15 -4.09 1.92 1.78 0.57 1.73 0.89 2.02 1.49 1.93 1.36 11.15 0.31 0.08 1.62 2.28 -1.60 -1.73 1.70 5.45 2.10 1.91 2.70 1.30 0.05 2.20 1.40 0.25 0.48 1.23 1.41 0.94 0.82 0.88 1.53 1.00 0.65 0.93 1.80 0.88 0.50 0.56 0.36 0.09
Balance Sheet
Cash & Equivalents 839 1,135 1,325 6,790 3,245 3,311 2,836 1,161 2,939 2,602 2,173 1,330 3,052 1,104 956 818 386 902 1,033 464 226 352 291 277 193 320 291 238 464 389 267 221 287 601 389 575 676 934 297 548 523 2,771 473 553 489 498 845 524 523 489 441 396 470 231 191 231 324
Total Assets 47,576 44,528 46,298 31,154 26,660 24,899 25,267 24,428 25,821 25,372 25,133 25,712 27,110 24,580 24,792 27,419 28,724 23,819 24,109 25,085 24,533 23,655 20,761 18,559 18,596 18,317 18,634 20,424 20,535 19,425 21,446 22,124 23,084 18,871 20,552 20,433 20,620 19,188 20,045 22,095 18,939 22,094 22,550 21,286 21,808 18,189 20,826 10,844 11,225 9,884 9,078 8,562 8,349 5,342 5,306 5,585 5,147
Total Debt 16,291 15,855 17,778 12,213 7,661 7,119 7,078 5,917 5,967 5,756 5,994 5,848 6,618 5,623 6,135 7,500 7,416 6,820 7,329 7,997 7,853 8,104 7,355 6,760 5,709 5,749 7,182 7,329 6,932 5,372 7,300 7,980 7,071 4,794 5,867 5,809 5,197 4,792 5,402 6,620 5,110 3,844 4,187 3,815 5,250 3,683 5,115 3,618 4,215 3,394 3,095 3,394 3,403 1,602 1,972 2,581 2,112
Stockholders' Equity 16,045 15,904 15,768 10,883 10,578 9,913 10,135 10,002 10,551 10,851 10,251 10,575 9,955 9,224 8,705 8,732 8,581 7,669 7,495 7,184 6,637 6,069 5,327 5,093 4,862 5,913 4,460 6,331 6,100 6,173 6,280 6,146 7,065 7,148 7,546 7,227 7,428 7,144 7,083 7,126 6,772 11,408 9,987 9,494 8,111 7,111 6,706 2,782 2,428 2,377 2,105 1,608 1,472 1,220 1,243 1,046 1,076
Cash Flow
Operating Cash Flow (541) 1,337 854 (1,072) (285) 1,053 1,327 (1,474) 994 1,448 1,388 (459) 931 (518) (574) (1,801) (2,656) (1,252) (206) (449) (987) (1,408) (626) (1,063) (439) 499 (230) (681) (402) 2,021 53 (1,796) (1,542) 1,308 175 (430) (47) 1,269 1,319 (761) 77 299 (123) (226) 404 (720) (679) 422 219 (3) (24) 179 (51) 26 254 202 (538)
Capital Expenditure (336) (538) 716 (406) (310) (489) (354) (297) (236) (317) (264) (368) (173) (202) (141) (106) (106) (160) (106) (80) (53) (135) (103) (72) (55) (146) (113) (146) (119) (175) (98) (115) (105) (177) (143) (160) (182) (296) (213) (165) (110) (130) (118) (94) (68) (52) (121) (64) (66) (53) (110) (57) (37) (38) (79) (46) (35)
Free Cash Flow (877) 799 1,570 (1,478) (595) 564 973 (1,771) 758 1,131 1,124 (827) 758 (720) (715) (1,907) (2,762) (1,412) (312) (529) (1,040) (1,543) (729) (1,135) (494) 359 (343) (827) (521) 1,846 166 (1,891) (1,878) 1,131 (868) (866) (785) 973 1,106 (926) (33) 169 (241) (320) 336 (772) (800) 358 153 (56) (134) 122 (88) (12) 175 156 (573)