Broadstone Net Lease, Inc. logo BNL - Broadstone Net Lease, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 3
SELL 1
STRONG
SELL
0
| PRICE TARGET: $20.40 DETAILS
HIGH: $22.00
LOW: $19.00
MEDIAN: $20.00
CONSENSUS: $20.40
UPSIDE: 0.00%
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
Revenue
Revenue 121.4 119.4 114.9 113.0 111.8 112.9 109.8 106.9 109.1 109.9 109.6 109.6 119.0 112.3 103.5 98.0 95.1 92.9 122.6 84.8 82.8 82.4 80.5 81.6 79.3 84.9 76.4 69.1 68.4 63.1 61.8 57.0 51.8 48.5 46.2 43.7 42.2 39.4 37.0 34.8 31.6
Cost of Revenue 89.2 89.8 86.7 90.2 84.5 92.7 83.0 80.1 81.2 84.6 82.8 83.0 89.5 97.6 84.4 75.7 73.6 71.4 78.2 67.0 66.0 65.3 66.9 84.0 67.8 68.5 62.7 55.8 54.9 50.4 48.2 44.6 42.5 37.7 18.9 17.1 17.3 15.0 14.3 5.0 4.1
Gross Profit 32.2 29.6 28.2 22.9 27.3 20.2 26.8 26.8 27.9 25.3 26.9 26.5 29.5 14.7 19.1 22.3 21.5 21.5 44.4 17.8 16.8 17.1 13.6 (2.5) 11.4 16.4 13.7 13.3 13.5 12.7 13.6 12.4 9.3 10.8 27.3 26.6 24.8 24.4 22.7 29.8 27.5
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
SG&A 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 0.7 0.7
Other Expenses (31.2) (31.0) (29.5) (33.0) (26.7) (32.3) (27.9) (26.5) (24.6) (25.0) (28.3) (29.3) (31.4) (36.1) (29.5) (26.2) (24.2) (24.7) (28.3) (22.5) (19.9) (20.8) (24.4) (33.0) (21.9) (24.5) (21.1) (18.0) (17.6) (15.9) (15.5) (14.0) (13.5) (11.5) 0 0 0 0 0 0 0
Operating Expenses (31.2) (31.0) (29.5) (33.0) (26.7) (32.3) (27.9) (26.5) (24.6) (25.0) (28.3) (29.3) (31.4) (36.1) (29.5) (26.2) (24.2) (24.7) (28.3) (22.5) (19.9) (20.8) (24.4) (33.0) (21.9) (24.5) (21.1) (18.0) (17.6) (15.9) (15.5) (14.0) (13.5) (11.5) 0 0 0 0 0 15.8 11.3
Operating Income
Operating Income 63.3 60.6 57.7 55.8 54.0 52.5 54.6 53.3 52.5 50.3 55.2 55.9 60.9 50.8 48.5 48.5 45.7 46.2 72.7 40.3 36.7 37.9 38.0 30.6 33.3 41.0 34.7 31.3 31.2 28.6 29.1 26.4 22.8 22.2 22.0 21.6 20.6 17.5 16.9 17.8 16.9
Interest Expense 25.3 25.1 28.2 21.1 20.1 19.6 18.2 17.8 18.6 19.0 19.7 20.3 21.1 23.8 20.1 17.9 16.9 17.0 15.6 15.4 16.1 17.1 18.5 19.5 21.0 21.5 18.5 16.7 15.8 14.7 14.5 12.5 11.2 9.6 9.4 7.9 7.9 5.8 4.6 0 0
Interest Income 0.0 0.0 0.2 0.1 0.1 0.0 0.1 0.6 0.2 0.1 0.1 0.1 0.2 0.0 0.0 0 0 0.0 0 0.0 0.0 0.0 0 0.0 0.0 0.0 0.0 0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 8.7 10.5
Profitability
EBITDA 113.5 105.9 93.0 91.9 82.6 92.0 101.7 98.5 130.8 91.9 116.0 118.2 109.8 110.0 83.2 83.6 77.3 79.2 80.3 71.3 66.0 60.6 55.5 73.5 63.7 81.0 71.7 59.5 55.4 52.1 58.9 50.2 44.2 39.9 37.7 36.4 35.2 30.6 29.0 28.9 26.7
EBIT 72.0 64.1 52.8 49.3 43.1 49.0 63.7 61.1 93.0 52.6 77.5 79.2 68.0 64.4 43.8 48.1 43.0 45.7 43.6 40.1 35.3 30.4 24.2 33.6 32.5 50.2 43.3 34.3 31.1 29.4 37.1 30.0 25.0 22.7 22.0 21.6 20.6 17.5 16.9 17.8 16.9
Income Before Tax 46.7 35.4 26.0 23.5 18.3 23.4 37.9 35.7 66.9 8.0 50.8 65.1 41.9 37.6 24.1 33.3 30.0 32.7 32.1 28.7 23.2 17.5 9.8 17.5 12.4 30.1 25.0 17.3 15.0 14.8 23.1 18.4 15.2 15.5 13.0 16.0 13.7 13.8 15.4 5.4 5.7
Income Tax Expense 0.3 0.4 0.2 0.2 0.4 0.5 (0.3) 0.5 0.4 (0.3) 0.1 0.4 0.5 0.1 0.4 0.4 0.4 0.5 0.5 0.3 0.4 (0.1) 0.1 0.4 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0.6
Net Income 46.4 33.1 25.2 23.6 17.2 21.7 36.5 34.6 63.4 7.9 48.2 61.7 39.3 35.5 22.2 30.9 27.9 30.3 28.7 21.2 22.2 16.3 8.8 15.4 10.8 28.3 23.4 16.1 13.9 13.7 21.3 17.0 13.8 14.2 11.9 14.7 12.6 12.5 14.0 4.8 5.1
Per Share Data
EPS (Basic) 0.24 0.17 0.14 0.11 0.09 -0.01 0.20 0.19 0.35 0.03 0.27 0.32 0.21 0.20 0.15 0.19 0.15 0.19 0.18 0.14 0.15 0.11 0.08 0.11 0.08 0.18 0.17 0.11 0.10 0.10 0.15 0.12 0.12 0.11 0.08 0.10 0.09 0.09 0.10 0.09 0.11
EPS (Diluted) 0.23 0.16 0.14 0.11 0.09 -0.01 0.19 0.19 0.35 0.03 0.26 0.32 0.21 0.20 0.15 0.19 0.15 0.19 0.18 0.14 0.15 0.11 0.08 0.11 0.07 0.17 0.15 0.11 0.09 0.09 0.14 0.11 0.12 0.10 0.08 0.10 0.09 0.08 0.10 0.08 0.10
Shares Outstanding 190.4 188.5 188.1 188.0 187.9 187.6 187.5 187.4 187.3 186.8 186.8 186.7 186.1 173.7 183.0 180.3 174.3 161.5 159.2 146.1 145.3 143.9 111.2 142.4 140.9 140.9 140.9 140.9 140.9 140.9 140.9 140.9 140.9 140.9 140.9 140.9 140.9 140.9 140.9 51.1 47.2
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q1
Current Assets
Cash & Cash Equivalents 20.3 30.5 82.0 20.8 9.6 14.8 9.0 18.3 221.7 19.5 35.1 20.8 15.4 21.8 75.9 16.8 54.1 21.7 16.2 79.0 10.2 100.5 101.8 9.2 93.2 12.5 14.0 10.3 11.7 18.6 17.3 13.8 13.5 9.4 13.7 35.8 32.8 21.6 (27.4)
Short-Term Investments 4,958.5 4,821.5 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 0 7.8 10.5 0 54.9
Net Receivables 3.6 4.4 178.4 175.9 169.0 166.0 160.5 156.2 150.0 154.2 153.6 150.6 144.0 137.0 130.4 126.4 121.3 118.2 142.5 109.9 106.7 103.7 132.4 95.6 86.2 85.5 82.1 78.4 75.0 70.3 65.9 61.0 63.4 59.4 55.4 86.4 90.8 43.5 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 (1.1) (2.7) (8.7) (17.6) (35.5) (30.2) (24.0) (11.0) (7.5) (7.8) (10.5) (9.6) 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (19.0) (22.9) (22.5) (17.3) 10.6 (18.8) (18.9) (22.3) 16.4 (9.8) (12.4) (12.6) 0 0 6.3 0 0 0 0 1.0 0 16.6 14.8 1.7 0
Total Current Assets 4,982.5 4,856.4 260.4 196.7 178.6 180.8 169.5 174.4 371.8 173.7 188.7 171.4 159.4 158.8 206.3 143.2 175.4 139.9 169.3 188.9 116.9 204.2 250.5 104.8 179.4 97.9 130.7 95.8 93.0 92.1 96.9 83.6 89.0 69.8 70.7 146.6 148.9 66.8 27.4
Non-Current Assets
Property, Plant & Equipment 0 0 0 0 0 0 0 0 0 0 0 0 8.8 8.5 8.8 9.1 9.4 9.6 3,677.5 10.4 10.7 10.7 3,307.2 11.4 12.5 12.8 13.3 13.5 13.6 13.7 13.9 14.1 14.0 13.6 13.0 1,775.3 1,695.8 11.3 0
Goodwill 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 339.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 262.0 268.0 258.1 256.7 264.1 267.6 276.8 282.5 273.2 288.2 297.7 309.3 317.5 329.6 322.3 316.1 311.3 303.6 301.0 296.1 288.6 290.9 289.0 298.7 320.4 331.9 342.5 293.2 287.2 286.3 264.0 258.3 247.2 242.7 205.5 190.5 179.9 168.1 0
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 10 10 10 10 10 10 10 0
Other Non-Current Assets 0 0 4,661.0 4,533.5 4,454.7 4,428.2 4,477.2 4,467.8 4,284.9 4,467.0 4,508.9 4,547.7 4,510.4 4,620.9 4,362.1 4,171.3 4,016.7 3,825.7 14.4 3,588.5 3,450.1 3,412.9 18.0 3,389.3 3,422.0 3,475.2 3,505.3 2,809.8 2,738.1 2,704.8 2,530.5 1.0 1.0 0.9 0.9 15.9 12.7 0.8 (27.4)
Total Non-Current Assets 601.7 607.8 5,258.9 5,130.0 5,058.6 5,035.6 5,093.8 5,090.1 4,897.9 5,095.0 5,146.3 5,196.8 5,176.4 5,298.8 5,032.9 4,836.3 4,677.1 4,478.8 4,332.7 4,234.7 4,089.1 4,054.3 3,954.0 4,039.2 4,094.7 3,819.9 3,861.1 3,116.5 3,039.0 3,004.7 2,808.5 2,731.6 2,592.7 2,508.9 2,173.4 1,991.6 1,898.4 1,885.2 (27.4)
Total Assets 5,845.0 5,717.3 5,519.3 5,326.7 5,237.2 5,216.4 5,263.3 5,264.6 5,269.7 5,268.7 5,335.0 5,368.1 5,335.9 5,457.6 5,239.2 4,979.4 4,852.5 4,618.6 4,502.0 4,423.6 4,206.0 4,258.5 4,204.5 4,144.1 4,274.1 3,917.9 3,991.8 3,212.3 3,131.9 3,096.8 2,905.3 2,815.3 2,681.7 2,578.8 2,244.1 2,138.2 2,047.3 1,952.1 0
Current Liabilities
Account Payables 61.7 60.1 55.7 57.4 48.4 49.0 47.7 42.6 40.7 47.5 44.9 44.1 46.1 47.5 52.6 42.9 40.6 38.0 62.4 75.5 71.1 35.7 37.8 25.6 35.8 37.4 34.0 32.4 24.1 13.2 21.5 22.5 22.2 20.3 18.4 11.3 3.8 17.4 0
Short-Term Debt 16.3 16.8 95.8 197.9 174.1 0 125.5 79.1 73.8 0 74.1 122.9 108.3 0 0 0 0 0 0 0 15 0 0.3 248.3 353.3 197.3 0.8 1.7 1.7 3.4 0 1.7 16.4 3.1 28.7 0.1 120.1 219.8 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
Other Current Liabilities (143.4) (133.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14.5 0 0 0 14.8 0 0 0 (2.0) (3.0) (0.3) 146.7 2.9 2.6 1.9 2.6 6.0 12.6 22.6 (107.9) 0
Total Current Liabilities 16.3 16.8 219.6 322.3 290.2 113.1 240.9 193.8 180.7 110.1 183.9 228.6 218.6 109.1 113.0 98.5 98.1 90.4 87.0 79.3 96.0 79.0 62.5 278.0 398.9 238.3 347.2 158.7 172.5 173.3 28.5 298.9 346.1 297.4 151.5 27.7 148.3 121.4 0
Non-Current Liabilities
Long-Term Debt 2,620.7 2,549.2 2,242.0 1,916.2 1,816.0 1,913.1 1,820.2 1,820.2 1,820.3 1,910.8 1,820.4 1,820.4 1,825.6 2,023.2 2,053.0 1,847.4 1,793.1 1,689.3 1,623.8 1,489.4 1,489.8 1,541.2 1,623.3 1,782.6 1,783.1 1,783.9 2,086.6 1,465.4 1,432.3 1,442.4 1,305.2 1,284.4 1,204.9 1,174.6 877.6 887.0 757.8 646.8 0
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
Other Non-Current Liabilities 107.6 43.0 2.0 7.6 3.4 48.7 13.1 0 0 53.5 0 0 0 62.9 65.0 66.9 69.9 97.8 72.5 56.4 50.0 79.6 94.4 302.2 302.5 24.5 39.5 25.6 8.5 (47.8) 86.3 87.4 83.7 89.9 74.1 0 48.8 175.9 0
Total Non-Current Liabilities 2,807.3 2,667.0 2,287.1 1,968.6 1,866.2 1,961.9 1,884.0 1,873.4 1,871.2 1,964.3 1,875.7 1,878.0 1,885.0 2,086.0 2,118.0 1,914.2 1,863.1 1,787.1 1,698.9 1,620.8 1,617.4 1,700.4 1,720.3 2,167.9 2,175.2 1,900.6 1,916.1 1,448.0 1,387.4 1,394.6 1,394.5 1,103.5 989.9 997.2 859.8 943.7 806.6 832.2 0
Total Liabilities 2,823.7 2,683.8 2,506.8 2,290.9 2,156.4 2,075.0 2,124.9 2,067.1 2,052.0 2,074.4 2,059.6 2,106.6 2,103.6 2,195.1 2,231.0 2,012.8 1,961.2 1,877.5 1,785.8 1,700.1 1,713.3 1,779.4 1,782.8 2,445.9 2,574.1 2,138.8 2,263.3 1,606.7 1,559.9 1,567.9 1,423.0 1,402.4 1,336.0 1,294.6 1,011.3 971.4 954.9 953.5 0
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0
Retained Earnings (631.0) (620.2) (597.6) (571.3) (536.1) (496.5) (467.9) (449.9) (430.2) (440.7) (393.6) (391.6) (398.9) (386.0) (369.3) (350.1) (337.0) (318.5) 0 (293.6) (274.1) (259.7) 0 (229.5) (233.1) (208.3) (194.8) (185.6) (170.8) (155.2) (141.1) (135.8) (127.2) (120.3) (112.7) (102.7) 0 (90.0) 0
Accumulated Other Comprehensive Income 20.9 19.8 19.2 18.0 29.7 49.7 16.8 60.4 56.8 49.3 83.6 68.4 43.5 59.5 61.8 23.4 5.0 (28.4) (343.3) (41.9) (38.7) (66.3) (314.2) (78.6) (73.1) (20.1) (33.9) (18.6) 3.0 14.8 33.1 27.3 20.8 5.1 (0.0) (103.0) (92.5) 2.1 670.2
Total Stockholders' Equity 2,892.5 2,902.0 2,884.7 2,906.7 2,949.7 3,003.7 2,999.1 3,054.8 3,073.6 3,049.2 3,120.8 3,107.5 3,079.2 3,092.9 2,840.7 2,798.7 2,724.6 2,577.3 2,552.0 2,554.7 2,312.5 2,299.1 2,191.8 1,591.6 1,593.4 1,667.6 1,623.4 1,498.7 1,462.4 1,417.1 1,369.7 1,300.5 1,248.8 1,186.8 1,140.2 1,073.3 1,006.2 911.8 747.9
Total Liabilities & Equity 5,845.0 5,717.3 5,519.3 5,326.7 5,237.2 5,216.4 5,263.3 5,264.6 5,269.7 5,268.7 5,335.0 5,368.1 5,335.9 5,457.6 5,239.2 4,979.4 4,852.5 4,618.6 4,502.0 4,423.6 4,206.0 4,258.5 4,204.5 4,144.1 4,274.1 3,917.9 3,991.8 3,212.3 3,131.9 3,096.8 2,905.3 2,815.3 2,681.7 2,578.8 2,244.1 2,138.2 2,047.3 1,952.1 747.9
Debt Metrics
Total Debt 2,679.7 2,615.4 2,381.0 2,158.8 2,037.0 1,913.1 1,996.4 1,952.5 1,945.0 1,910.8 1,949.7 2,000.9 1,993.3 2,023.2 2,053.0 1,847.4 1,793.1 1,689.3 1,626.6 1,564.4 1,582.3 1,620.8 1,626.4 2,114.1 2,226.0 2,073.4 2,087.4 1,467.0 1,434.0 1,445.8 1,305.2 1,286.1 1,221.3 1,177.7 906.3 887.1 878.0 866.6 0
Net Debt 2,659.3 2,584.8 2,299.0 2,138.0 2,027.4 1,898.3 1,987.4 1,934.2 1,723.3 1,891.3 1,914.7 1,980.1 1,977.9 2,001.4 1,977.1 1,830.6 1,739.0 1,667.6 1,610.4 1,485.4 1,572.1 1,520.3 1,524.6 2,104.8 2,132.9 2,060.9 2,073.4 1,456.8 1,422.3 1,427.2 1,287.9 1,272.3 1,207.8 1,168.4 892.6 851.3 845.2 844.9 27.4
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
Operating Activities
Net Income 46.4 35.0 27.1 19.8 17.5 27.6 35.6 35.3 65.1 6.8 52.1 63.0 41.4 36.8 28.7 35.6 28.4 30.3 30.5 22.8 24.0 17.6 9.7 15.4 11.8 27.7 25.0 17.3 15.0 14.7 23.1 18.4 19.0 16.8 13.0 16.0 13.7 13.8 14.0 4.8 5.1
Depreciation & Amortization 40.5 40.8 39.0 41.4 38.4 42.0 38.0 37.4 37.8 38.3 37.5 37.9 39.1 44.3 38.2 34.3 33.1 33.5 35.7 30.6 30.0 29.0 31.5 39.9 30.1 29.7 27.5 24.6 23.6 22.2 21.6 20.5 19.4 17.3 15.7 14.9 14.8 12.9 12.0 11.1 9.8
Stock-Based Compensation 2.6 2.5 2.5 2.5 2.1 2.0 0 2.1 1.5 1.4 1.5 1.5 1.9 1.5 1.5 1.4 0.9 0 0.9 1.0 1.8 1.2 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 0.2 11.4 (3.2) 5.7 (0.4) (4.3) (2.1) 4.2 0.1 (8.4) 4.6 (5.0) (0.4) (6.9) 13.0 (4.0) (1.7) (1.3) 9.2 (5.1) 3.6 (0.8) 9.8 (6.6) 0.3 (2.7) 8.5 (1.3) (2.5) 1.9 2.7 (3.3) 2.5 (0.8) 2.8 (0.0) 0.7 (4.0) (0.2) 2.9 (2.9)
Other Non-Cash Items (13.6) (5.1) (1.2) 9.9 13.8 (3.4) (4.2) (4.8) (33.6) (22.1) (21.9) (5.8) (7.6) (15.4) (3.9) (8.4) (1.7) (4.8) 11.9 (2.1) (7.6) (0.9) 1.7 (9.5) (1.9) (18.4) (14.8) (7.5) (4.5) (4.3) (12.6) (9.2) (8.7) (7.7) (4.5) (9.5) (5.3) (7.7) (3.0) (2.6) 1.1
Operating Cash Flow 76.1 84.6 64.2 79.3 71.5 63.9 67.3 74.2 70.9 60.6 73.9 62.2 74.4 60.4 77.5 58.9 59.1 57.6 88.3 47.2 51.8 46.1 53.5 39.1 40.3 36.4 46.2 33.1 31.6 34.5 34.8 26.4 32.2 25.6 27.1 21.3 24.0 15.0 22.8 16.2 13.1
Investing Activities
Capital Expenditure (1.4) (6.6) (6.2) (2.6) (14.3) (6.4) (7.0) (0.2) (3.1) (16.8) (5.9) (8.0) (15.6) (12.2) (0.9) (17.5) (0.8) (0.1) (0.1) (0.0) (1.3) (3.2) (3.8) (3.8) (0.0) (1.0) (2.5) (1.3) (0.3) (0.8) (2.7) (0.1) (1.4) (2.7) (134.2) (1.6) (2.3) (113.1) (0.2) (6.2) (1.2)
Acquisitions 0 0 0 0 0 0 1 0 0 32.7 0 (9.7) 0 262.4 204.4 154.7 0 0 0 0 0 0 0 0 (30.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 (89.7) (250.3) (38.6) (48.5) 0 (58.1) 0 (300.8) (206.0) (166.1) 0 (148.9) 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 31.2 23.8 247.1 15.8 0 67.8 0 38.4 1.6 11.4 0 15.2 0 0 0 0 0 10.0 0 0 0 0 0 10 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (162.4) (278.0) (167.9) (128.7) (85.3) 33.8 (0.0) 1.1 (1.1) (32.7) 48.4 9.7 45.2 (262.3) (204.3) (154.8) (206.9) (0.1) (205.6) (175.0) (66.3) (73.3) 9.3 0 35.4 39.5 (746.8) (55.0) (64.4) (245.1) (84.1) (100.1) (86.1) (310.9) 0.5 (74.5) (85.4) 2.6 (123.1) (180.4) (49.0)
Investing Cash Flow (162.4) (284.6) (174.1) (131.3) (85.3) 27.3 (64.6) (225.7) 204.3 (49.5) 42.5 1.7 29.6 (274.5) (205.2) (172.3) (207.7) (133.9) (205.7) (175.1) (67.7) (76.4) 5.5 6.3 4.5 38.5 (749.3) (56.3) (64.6) (235.9) (86.9) (100.2) (87.5) (313.6) (133.7) (76.1) (87.7) (110.5) (123.3) (186.6) (50.2)
Financing Activities
Net Debt Issuance 132.5 168.5 225.5 119.9 80.2 (28.6) 44.9 5.4 (15.6) 14.4 (48.0) 7.3 (89.7) (31.2) 212.8 56.3 102.1 (49.6) 101.2 (15.8) (35.8) (1.4) (489.1) (105.8) 64.2 (106.7) 621.2 (17.0) (8.2) 140.3 21.0 43.8 43.3 259.5 26.4 11.4 2.6 38.3 66.7 101.9 (2.3)
Stock Repurchased 0 0 0 (0.0) (0.1) 0.3 (0.0) (0.2) (0.2) 0.2 0 (0.0) (0.2) 0 0 0 0 0 0 0 (0.2) (0.1) (0.0) 0 0 (42.2) (7.4) (3.2) (1.8) (1.6) (2.7) (2.3) (3.6) (4.6) (1.8) (1.6) (1.4) (1.7) (3.4) (2.5) (0.6)
Dividends Paid (55.7) (54.9) (52.5) (55.2) (56.2) (54.8) (53.5) (53.9) (54.4) (52.5) (51.5) (51.7) (51.8) (47.0) (45.9) (44.9) (43.5) (41.2) (40.0) (36.9) (36.4) (19.1) 0.3 (23.6) (29.1) (16.7) (15.6) (15.1) (14.5) (13.4) (13.2) (13.0) (12.3) (12.0) (11.4) (10.9) (10.2) (9.7) (9.3) (8.6) (8.1)
Other Financing Activities (2.5) 36.8 (1.8) (1.8) (14.9) (3.3) (2.7) (2.6) (2.8) (2.8) (2.7) (2.6) (3.0) (2.8) (6.1) (2.8) (6.6) 147.6 (10.3) (4.7) (4.1) (1.7) (5.1) (2.6) (3.6) (2.3) 136.3 (2.3) 51.6 (2.0) (4.0) 41.4 (2.5) (2.3) (3.4) (9.9) (2.3) 58.5 62.5 59.3 58.3
Financing Cash Flow 74.4 150.4 171.2 62.9 8.9 (86.5) (11.4) (51.3) (73.0) (40.9) (102.2) (47.0) (144.7) 191.7 181.1 76.9 186.4 84.0 50.4 196.5 (76.5) 32.1 40.2 (132.3) 31.6 (98.7) 734.5 22.7 27.2 192.3 59.2 69.8 69.9 283.7 78.1 58.9 80.2 85.5 116.5 150.1 47.3
Cash Position
Net Change in Cash (12.0) (49.7) 61.3 10.9 (5.0) 4.8 (9.3) (203.5) 202.2 (29.9) 14.2 17.0 (40.7) (22.3) 53.4 (36.6) 37.8 5.5 (66.9) 68.7 (92.4) 1.7 99.1 (83.9) 76.4 (23.8) 31.4 (0.4) (5.8) (9.0) 7.2 (3.9) 14.7 (4.3) (30.1) 4.1 16.5 (9.9) 16.0 (20.2) 10.2
Cash at Beginning 33.6 83.3 22.0 11.0 16.0 11.2 18.3 221.7 19.5 50.5 36.3 19.3 60.0 82.4 29.0 65.5 27.8 16.2 87.0 18.4 110.7 109.0 9.8 93.2 20.3 44.1 12.7 13.2 19.0 28.0 20.8 24.8 10.1 13.7 43.8 39.6 23.1 33.0 17.0 37.2 27.1
Cash at End 21.7 33.6 83.3 22.0 11.0 16.0 9.0 18.3 221.7 20.6 50.5 36.3 19.3 60.0 82.4 29.0 65.5 21.7 20.1 87.0 18.4 110.7 109.0 9.2 96.7 20.3 44.1 12.7 13.2 19.0 28.0 20.8 24.8 9.4 13.7 43.8 39.6 23.1 33.0 17.0 37.2
Free Cash Flow 74.7 78.0 58.0 76.7 57.1 57.5 60.3 74 67.7 43.8 68.0 54.2 58.8 48.2 76.6 41.3 58.3 57.5 88.2 47.2 50.4 42.9 49.7 35.4 40.3 35.4 43.7 31.8 31.4 33.7 32.1 26.4 30.9 22.8 (107.2) 19.7 21.7 (98.1) 22.6 10.1 11.9
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
Income Statement
Revenue 121.4 119.4 114.9 113.0 111.8 112.9 109.8 106.9 109.1 109.9 109.6 109.6 119.0 112.3 103.5 98.0 95.1 92.9 122.6 84.8 82.8 82.4 80.5 81.6 79.3 84.9 76.4 69.1 68.4 63.1 61.8 57.0 51.8 48.5 46.2 43.7 42.2 39.4 37.0 34.8 31.6
Gross Profit 32.2 29.6 28.2 22.9 27.3 20.2 26.8 26.8 27.9 25.3 26.9 26.5 29.5 14.7 19.1 22.3 21.5 21.5 44.4 17.8 16.8 17.1 13.6 (2.5) 11.4 16.4 13.7 13.3 13.5 12.7 13.6 12.4 9.3 10.8 27.3 26.6 24.8 24.4 22.7 29.8 27.5
Operating Income 63.3 60.6 57.7 55.8 54.0 52.5 54.6 53.3 52.5 50.3 55.2 55.9 60.9 50.8 48.5 48.5 45.7 46.2 72.7 40.3 36.7 37.9 38.0 30.6 33.3 41.0 34.7 31.3 31.2 28.6 29.1 26.4 22.8 22.2 22.0 21.6 20.6 17.5 16.9 17.8 16.9
Net Income 46.4 33.1 25.2 23.6 17.2 21.7 36.5 34.6 63.4 7.9 48.2 61.7 39.3 35.5 22.2 30.9 27.9 30.3 28.7 21.2 22.2 16.3 8.8 15.4 10.8 28.3 23.4 16.1 13.9 13.7 21.3 17.0 13.8 14.2 11.9 14.7 12.6 12.5 14.0 4.8 5.1
EPS (Diluted) 0.23 0.16 0.14 0.11 0.09 -0.01 0.19 0.19 0.35 0.03 0.26 0.32 0.21 0.20 0.15 0.19 0.15 0.19 0.18 0.14 0.15 0.11 0.08 0.11 0.07 0.17 0.15 0.11 0.09 0.09 0.14 0.11 0.12 0.10 0.08 0.10 0.09 0.08 0.10 0.08 0.10
Balance Sheet
Cash & Equivalents 20.3 30.5 82.0 20.8 9.6 14.8 9.0 18.3 221.7 19.5 35.1 20.8 15.4 21.8 75.9 16.8 54.1 21.7 16.2 79.0 10.2 100.5 101.8 9.2 93.2 12.5 14.0 10.3 11.7 18.6 17.3 13.8 13.5 9.4 13.7 35.8 32.8 21.6 (27.4)
Total Assets 5,845.0 5,717.3 5,519.3 5,326.7 5,237.2 5,216.4 5,263.3 5,264.6 5,269.7 5,268.7 5,335.0 5,368.1 5,335.9 5,457.6 5,239.2 4,979.4 4,852.5 4,618.6 4,502.0 4,423.6 4,206.0 4,258.5 4,204.5 4,144.1 4,274.1 3,917.9 3,991.8 3,212.3 3,131.9 3,096.8 2,905.3 2,815.3 2,681.7 2,578.8 2,244.1 2,138.2 2,047.3 1,952.1 0
Total Debt 2,679.7 2,615.4 2,381.0 2,158.8 2,037.0 1,913.1 1,996.4 1,952.5 1,945.0 1,910.8 1,949.7 2,000.9 1,993.3 2,023.2 2,053.0 1,847.4 1,793.1 1,689.3 1,626.6 1,564.4 1,582.3 1,620.8 1,626.4 2,114.1 2,226.0 2,073.4 2,087.4 1,467.0 1,434.0 1,445.8 1,305.2 1,286.1 1,221.3 1,177.7 906.3 887.1 878.0 866.6 0
Stockholders' Equity 2,892.5 2,902.0 2,884.7 2,906.7 2,949.7 3,003.7 2,999.1 3,054.8 3,073.6 3,049.2 3,120.8 3,107.5 3,079.2 3,092.9 2,840.7 2,798.7 2,724.6 2,577.3 2,552.0 2,554.7 2,312.5 2,299.1 2,191.8 1,591.6 1,593.4 1,667.6 1,623.4 1,498.7 1,462.4 1,417.1 1,369.7 1,300.5 1,248.8 1,186.8 1,140.2 1,073.3 1,006.2 911.8 747.9
Cash Flow
Operating Cash Flow 76.1 84.6 64.2 79.3 71.5 63.9 67.3 74.2 70.9 60.6 73.9 62.2 74.4 60.4 77.5 58.9 59.1 57.6 88.3 47.2 51.8 46.1 53.5 39.1 40.3 36.4 46.2 33.1 31.6 34.5 34.8 26.4 32.2 25.6 27.1 21.3 24.0 15.0 22.8 16.2 13.1
Capital Expenditure (1.4) (6.6) (6.2) (2.6) (14.3) (6.4) (7.0) (0.2) (3.1) (16.8) (5.9) (8.0) (15.6) (12.2) (0.9) (17.5) (0.8) (0.1) (0.1) (0.0) (1.3) (3.2) (3.8) (3.8) (0.0) (1.0) (2.5) (1.3) (0.3) (0.8) (2.7) (0.1) (1.4) (2.7) (134.2) (1.6) (2.3) (113.1) (0.2) (6.2) (1.2)
Free Cash Flow 74.7 78.0 58.0 76.7 57.1 57.5 60.3 74 67.7 43.8 68.0 54.2 58.8 48.2 76.6 41.3 58.3 57.5 88.2 47.2 50.4 42.9 49.7 35.4 40.3 35.4 43.7 31.8 31.4 33.7 32.1 26.4 30.9 22.8 (107.2) 19.7 21.7 (98.1) 22.6 10.1 11.9