BUR - Burford Capital Limited
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$5.00
DETAILS
HIGH:
$5.00
LOW:
$5.00
MEDIAN:
$5.00
CONSENSUS:
$5.00
UPSIDE:
42.86%
| Metric | 2026 Q2 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q1 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | 2018 Q4 | 2018 Q2 | 2017 Q4 | 2017 Q2 | 2016 Q4 | 2016 Q2 | 2015 Q4 | 2015 Q2 | 2014 Q4 | 2014 Q2 | 2013 Q4 | 2013 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||
| Revenue | 110.7 | 53.3 | 53.3 | 174.9 | 108.3 | 227.3 | 227.3 | 37.3 | 37.3 | 153.9 | 18.7 | 89.7 | 18.3 | 127.7 | 94.7 | 98.4 | 259.4 | 71.8 | 292.3 | 219.0 | 207.5 | 166.2 | 174.8 | 87.1 | 76.0 | 64.2 | 39.6 | 46.1 | 27.4 | 40.6 | 19.9 |
| Cost of Revenue | 18.2 | 40.2 | 40.2 | 34.0 | 33.9 | 33.3 | 33.3 | 32.6 | 32.6 | 23.9 | 10.5 | 0 | 3.7 | 2.8 | 2.5 | 32.8 | 37.7 | 49.0 | 40.6 | 48.6 | 23.3 | 33.1 | 20.6 | 24.5 | 14.5 | 13.6 | 12.2 | 4.4 | 9.1 | 0.7 | 9.8 |
| Gross Profit | 92.5 | 13.1 | 13.1 | 140.9 | 74.5 | 194.0 | 194.0 | 4.8 | 4.8 | 130.0 | 8.2 | 89.7 | 14.7 | 124.9 | 92.1 | 65.5 | 221.8 | 22.7 | 251.7 | 170.4 | 184.2 | 133.1 | 154.2 | 62.6 | 61.5 | 50.6 | 27.4 | 41.7 | 18.2 | 39.9 | 10.1 |
| Operating Expenses | |||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 8.6 | 14.3 | 14.3 | 12.1 | 14.8 | 10.3 | 10.3 | 8.1 | 8.1 | 25.0 | 15.3 | 22.3 | 10.0 | 61.3 | 82.1 | 99.1 | 0 | 0 | 0 | 0 | 0 | 0 | 3.8 | 0 | 0 | 0 | 0 | 6.3 | 0 | 6.2 | 0 |
| Other Expenses | 20.7 | 15.3 | 15.3 | 19.0 | 15.2 | 14.4 | 14.4 | 15.5 | 15.5 | (39.5) | 3.4 | 67.4 | 8.3 | 2.3 | 63.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 29.3 | 29.6 | 29.6 | 31.1 | 30.0 | 24.7 | 24.7 | 23.7 | 23.7 | (14.5) | 18.7 | 89.7 | 18.3 | 68.7 | 86.9 | 90.3 | 13.4 | 4.0 | 5.2 | 4.7 | 6.2 | 5.0 | 8.9 | 6.2 | 0.2 | 1.8 | 1.0 | 3.1 | 5.9 | 13.2 | 34.6 |
| Operating Income | |||||||||||||||||||||||||||||||
| Operating Income | 14.0 | (16.5) | (16.5) | 109.7 | 44.5 | 169.3 | 169.3 | (18.9) | (18.9) | 144.5 | (10.5) | 140.4 | (3.7) | 63.6 | 10.0 | 24.2 | 213.0 | 16.2 | 246.9 | 165.7 | 179.5 | 127.3 | 144.5 | 62.4 | 61.5 | 50.6 | 27.4 | 31.5 | 12.4 | 28.5 | 4.2 |
| Interest Expense | 48.0 | 40.2 | 40.2 | 34.0 | 33.9 | 33.3 | 33.3 | 32.6 | 32.6 | 23.9 | 20.3 | 20.5 | 19.8 | 0 | 24.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.8 | 0 | 16.9 | 33.0 | 0 | 0 | 0 | 0 | 19.7 | 19.6 | 18.9 | 14.2 | 10.0 | 8.2 | 5.9 | 4.7 | 4.6 | 3.7 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||
| EBITDA | 14.0 | (16.5) | (16.5) | 109.7 | 44.5 | 169.3 | 169.3 | (18.9) | (18.9) | 144.5 | 0 | 138.6 | 47.8 | 73.8 | 10.5 | 29.6 | 218.3 | 22.9 | 252.6 | 170.7 | 184.5 | 133.4 | 150.8 | 62.8 | 61.8 | 50.7 | 27.7 | 35.6 | 18.3 | 33.8 | 10.2 |
| EBIT | 14.0 | (16.5) | (16.5) | 109.7 | 44.5 | 169.3 | 169.3 | (18.9) | (18.9) | 144.5 | (1.6) | (120.9) | 12.9 | 63.6 | 10.0 | 24.2 | 213.0 | 16.2 | 246.9 | 165.7 | 179.5 | 127.3 | 144.5 | 62.4 | 61.5 | 50.6 | 27.4 | 31.5 | 12.4 | 28.5 | 4.2 |
| Income Before Tax | 14.0 | (16.5) | (16.5) | 109.7 | 44.5 | 169.3 | 169.3 | (18.9) | (18.9) | 144.5 | (11.3) | 100.5 | (3.2) | 23.2 | (20.4) | 21.6 | 188.6 | (1.2) | 226.7 | 146.1 | 159.1 | 113.9 | 135.3 | 48.2 | 55.8 | 44.1 | 23.8 | 35.0 | 12.4 | 26.7 | (24.6) |
| Income Tax Expense | 4.5 | 3.8 | 3.8 | 4.6 | 7.6 | 11.5 | 11.5 | (1.4) | (1.4) | 4.5 | 9.0 | 0.8 | 14.9 | 10.3 | (0.6) | (0.2) | 37.2 | 7.2 | 6.2 | (10.7) | (1.8) | (2.3) | 2.2 | (7.8) | 3 | 2.1 | 0.1 | 0.6 | 0.1 | (0.3) | (0.2) |
| Net Income | 9.5 | (19.2) | (19.2) | 88.3 | 30.9 | 135.6 | 135.6 | (29.9) | (29.9) | 100.1 | (21.5) | 81.9 | (49.4) | (0.2) | (28.6) | 13.7 | 151.5 | (8.4) | 220.5 | 156.8 | 160.8 | 116.3 | 133.0 | 56.1 | 52.2 | 41.4 | 23.1 | 33.8 | 11.6 | 27.0 | (24.4) |
| Per Share Data | |||||||||||||||||||||||||||||||
| EPS (Basic) | 0.01 | -0.09 | -0.09 | 0.40 | 0.14 | 0.62 | 0.62 | -0.14 | -0.14 | 0.46 | -0.10 | 0.37 | -0.21 | -0.00 | -0.13 | 0.06 | 0.69 | -0.04 | 1.01 | 0.73 | 0.77 | 0.56 | 0.60 | 0.27 | 0.26 | 0.20 | 0.11 | 0.17 | 0.06 | 0.13 | -0.13 |
| EPS (Diluted) | 0.01 | -0.09 | -0.09 | 0.39 | 0.14 | 0.61 | 0.61 | -0.14 | -0.14 | 0.45 | -0.10 | 0.37 | -0.21 | -0.00 | -0.13 | 0.06 | 0.69 | -0.04 | 1.01 | 0.73 | 0.77 | 0.56 | 0.60 | 0.27 | 0.25 | 0.20 | 0.11 | 0.17 | 0.06 | 0.13 | -0.13 |
| Shares Outstanding | 219.2 | 219.3 | 219.3 | 218.7 | 219.3 | 219.4 | 219.4 | 218.9 | 218.9 | 223.5 | 221.9 | 220.4 | 230.9 | 219.0 | 219.0 | 219.1 | 219.5 | 218.7 | 219.4 | 213.9 | 208.7 | 208.6 | 223.4 | 204.9 | 204.5 | 204.5 | 204.5 | 204.5 | 204.5 | 204.5 | 192.9 |
| Metric | 2026 Q2 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q3 | 2024 Q4 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | 2018 Q4 | 2018 Q2 | 2017 Q4 | 2017 Q2 | 2016 Q4 | 2016 Q2 | 2015 Q4 | 2015 Q2 | 2014 Q4 | 2014 Q2 | 2013 Q4 | 2013 Q2 | 2012 Q4 | 2012 Q2 | 2011 Q4 | 2011 Q2 | 2010 Q4 | 2010 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 696.9 | 677.7 | 677.7 | 372.2 | 486.6 | 574.0 | 574.0 | 482.3 | 482.3 | 220.5 | 365.3 | 107.7 | 353.2 | 180.3 | 192.6 | 322.2 | 260.3 | 186.6 | 232.5 | 265.6 | 240.7 | 135.4 | 193.7 | 158.4 | 56.4 | 45.4 | 20.2 | 93.6 | 15.3 | 57.7 | 27.3 | 25.6 | 13.5 | 8.9 | 5.6 | 9.0 | 13.5 |
| Short-Term Investments | 50.4 | 0 | 0 | 0 | 0 | 0 | 0 | 102.8 | 102.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60.3 | 144.8 | 161.3 | 230.0 | 86.5 |
| Net Receivables | 113.1 | 0 | 0 | 118.5 | 102.6 | 64.5 | 64.5 | 131.6 | 131.6 | 287.1 | 94.4 | 112.8 | 64.2 | 82.6 | 193.4 | 27.0 | 292.5 | 53.6 | 287.8 | 44.3 | 39.2 | 4.3 | 7.1 | 19.2 | 31.6 | 36.1 | 34.0 | 17.3 | 16.0 | 24.6 | 16.8 | 56.7 | 11.1 | 15.1 | 0 | 0 | 1.3 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (24.3) | (5.9) | 0 | 0 | (138.6) | 0 | (44.7) | (3.5) | 0 | (1.9) | (0.6) | (1.7) | 0 | (62.0) | (26.1) | (41.0) | 0 | 0 | (15.1) | 0 | 0 | 0 |
| Other Current Assets | (113.1) | 0 | 0 | 0 | 0 | 0 | 0 | (716.7) | (716.7) | 0 | 0 | 21.4 | 20.9 | 23.4 | 18.0 | 22.3 | 4.5 | 101.4 | 81.0 | 138.6 | 29.6 | 44.7 | 3.3 | 2.6 | 1.8 | 0.6 | 1.5 | 0.4 | 0.2 | 26.5 | 41.6 | 0 | 20.9 | 0.5 | 37.8 | 0 | 0 |
| Total Current Assets | 747.3 | 677.7 | 677.7 | 490.7 | 589.3 | 638.5 | 638.5 | 0 | 0 | 516.8 | 459.7 | 245.5 | 439.3 | 286.7 | 396.3 | 364.1 | 552.8 | 344.0 | 520.3 | 495.4 | 352.1 | 200.4 | 235.1 | 210.9 | 117.9 | 130.5 | 92.9 | 168.6 | 74.7 | 123.9 | 86.9 | 82.3 | 106.0 | 154.2 | 204.7 | 239.7 | 101.3 |
| Non-Current Assets | |||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.4 | 0 | 14.0 | 9.7 | 13.1 | 13.5 | 14.6 | 17.9 | 20.2 | 10.8 | 1.9 | 2.1 | 2.4 | 2.2 | 2.2 | 1.0 | 0.6 | 0.7 | 0.4 | 0.5 | 0.5 | 0.5 | 0.6 | 0.2 | 0 | 0 | 0 | 0 |
| Goodwill | 134.0 | 134.0 | 134.0 | 134.0 | 134.0 | 134.0 | 134.0 | 133.9 | 133.9 | 134.0 | 134.0 | 133.9 | 133.9 | 134.0 | 134.0 | 134.0 | 133.9 | 134.0 | 134.0 | 134.0 | 134.0 | 134.0 | 134.0 | 133.9 | 1.0 | 0 | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.0 | 8.7 | 13.5 | 18.2 | 22.9 | 27.7 | 33.5 | 39.4 | 0 | 1.1 | 0 | 0 | 4.1 | 9.8 | 14.0 | 21.2 | 11.1 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,515.1 | 3,871.9 | 3,240.6 | 3,075.8 | 2,682.1 | 2,193.2 | 1,925.6 | 2,115.2 | 1,812.4 | 1,638.6 | 1,272.9 | 1,121.9 | 778.8 | 570.8 | 552.7 | 450.8 | 431.8 | 362.3 | 281.3 | 241.0 | 232.2 | 240.5 | 149.3 | 122.9 | 96.1 | 61.8 | 24.4 |
| Other Non-Current Assets | 0 | 5,870.0 | 5,870.0 | 5,699.8 | 5,454.3 | 5,501.5 | 5,501.5 | (136.7) | (136.7) | 5,168.3 | (4,649.0) | (4,019.9) | (3,384.3) | (3,222.9) | (2,829.7) | (2,341.8) | (2,081.4) | (2,278.1) | (1,970.6) | (1,792.6) | (1,432.0) | (1,286.0) | (948.5) | (746.3) | (554.7) | (452.5) | (433.6) | (362.7) | (285.9) | (251.3) | (246.6) | (262.3) | 17.6 | 44.7 | 0 | 0 | 0 |
| Total Non-Current Assets | 135.8 | 6,007.8 | 6,007.8 | 5,836.1 | 5,591.5 | 5,636.4 | 5,636.4 | 6,012.2 | 6,012.2 | 5,320.6 | 4,649.0 | 4,019.9 | 3,384.3 | 3,222.9 | 2,829.7 | 2,341.8 | 2,081.4 | 2,278.1 | 1,970.6 | 1,792.6 | 1,432.0 | 1,286.0 | 948.5 | 746.3 | 554.7 | 452.5 | 433.6 | 362.7 | 285.9 | 251.3 | 246.6 | 262.3 | 223.0 | 167.6 | 96.1 | 61.8 | 24.4 |
| Total Assets | 4,272.1 | 6,685.4 | 6,685.4 | 6,326.8 | 6,180.8 | 6,274.9 | 6,274.9 | 6,007.7 | 6,007.7 | 5,837.4 | 5,177.7 | 4,288.4 | 3,845.3 | 3,524.7 | 3,249.5 | 2,728.3 | 2,646.1 | 2,652.0 | 2,519.9 | 2,319.0 | 1,801.0 | 1,499.4 | 1,196.5 | 968.2 | 756.8 | 594.1 | 540.6 | 533.2 | 361.3 | 376.1 | 333.7 | 345.0 | 329.0 | 321.9 | 300.8 | 301.5 | 125.7 |
| Current Liabilities | |||||||||||||||||||||||||||||||||||||
| Account Payables | 78.2 | 50.5 | 50.5 | 45.2 | 43.0 | 41.3 | 41.3 | 0 | 0 | 34.4 | 17.3 | 16.8 | 17.0 | 13.9 | 13.9 | 9.6 | 9.1 | 9.5 | 29.2 | 9.3 | 13.3 | 5.9 | 11.3 | 72.0 | 4.9 | 20.0 | 4.4 | 5.7 | 1.8 | 16.4 | 1.7 | 0.6 | 2.7 | 0.2 | 2.4 | 5.3 | 0.7 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 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 |
| Other Current Liabilities | (75.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (17.3) | (128.2) | (45.6) | (59.8) | (33.0) | (55.0) | (27.2) | (564.4) | (38.1) | (487.8) | (674.1) | (30.4) | (1.7) | (325.2) | (264.2) | (158.9) | (146.9) | (150.7) | (6.2) | (21.2) | (6.5) | (3.7) | 0 | 11.6 | 0 | 0 | 0 |
| Total Current Liabilities | 142.2 | 350.8 | 350.8 | 45.2 | 43.0 | 41.3 | 41.3 | 0 | 0 | 34.4 | 17.3 | 16.8 | 17.0 | 13.9 | 13.9 | 9.6 | 9.1 | 9.5 | 29.2 | 9.7 | 13.3 | 5.9 | 11.3 | 72.0 | 4.9 | 20.0 | 4.4 | 5.7 | 1.8 | 0.7 | 1.7 | 0.6 | 4.2 | 12.6 | 2.5 | 5.7 | 0.7 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||||||
| Long-Term Debt | 2,415.3 | 2,157.1 | 2,157.1 | 1,794.3 | 1,779.2 | 1,793.2 | 1,793.2 | 1,811.2 | 1,811.2 | 1,550.6 | 1,658.5 | 1,252.3 | 1,253.4 | 1,022.6 | 1,034.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47.6 | 47.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.5 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 246.2 | 989.4 | 989.4 | 1,258.9 | 1,198.0 | 1,143.1 | 1,143.1 | (1,858.8) | (1,858.8) | 1,044.6 | 765.9 | 583.5 | 520.7 | 524.8 | 582.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (43.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.4 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 2,661.6 | 3,146.5 | 3,146.5 | 3,053.2 | 2,977.3 | 2,936.3 | 2,936.3 | 6,012.2 | 6,012.2 | 2,595.2 | 1,658.5 | 16.8 | 17.0 | 13.9 | 1,047.0 | 681.3 | 644.1 | 9.5 | 29.2 | 9.7 | 13.3 | 5.9 | 11.3 | 72.0 | 4.9 | 20.0 | 4.4 | 5.7 | 1.8 | 0.7 | 1.7 | 0.6 | 16.9 | 2.4 | 2.5 | 5.3 | 0.7 |
| Total Liabilities | 2,803.8 | 3,497.2 | 3,497.2 | 3,098.4 | 3,020.2 | 2,977.6 | 2,977.6 | 2,883.8 | 2,883.8 | 2,629.6 | 2,441.6 | 1,901.3 | 1,813.5 | 1,584.0 | 1,650.8 | 1,028.5 | 925.3 | 1,119.0 | 952.9 | 955.8 | 847.3 | 700.8 | 491.4 | 372.1 | 264.4 | 160.1 | 146.9 | 150.7 | 8.0 | 24.6 | 11.4 | 12.9 | 21.1 | 12.6 | 2.5 | 5.7 | 0.7 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||||||
| Common Stock | 624.7 | 614.8 | 614.8 | 614.7 | 610.0 | 610.0 | 610.0 | 601.8 | 601.8 | 602.2 | 598.8 | 598.8 | 598.8 | 598.8 | 598.8 | 598.8 | 598.8 | 596.5 | 596.5 | 596.5 | 351.2 | 351.2 | 351.2 | 351.2 | 328.7 | 328.7 | 328.7 | 328.7 | 328.7 | 328.7 | 328.7 | 302.2 | 290.4 | 290.4 | 290.5 | 290.6 | 123.9 |
| Retained Earnings | 157.2 | 1,851.8 | 1,851.8 | 1,871.3 | 1,797.4 | 1,793.0 | 1,793.0 | 1,618.1 | 1,618.1 | 1,649.2 | 1,293.7 | 1,074.2 | 890.6 | 922.5 | 979.0 | 1,136.3 | 1,051.2 | 899.1 | 916.5 | 716.2 | 567.5 | 423.2 | 313.3 | 193.8 | 143.2 | 102.5 | 66.0 | 53.6 | 23.4 | 22.4 | (4.5) | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 12.1 | 0 | 0 | 0 | 0 | 0 | 0 | 8.7 | 8.7 | 0 | 0 | 47.0 | 39.5 | 2.9 | 20.9 | 6.6 | 70.8 | 37.5 | 54.0 | 50.5 | 35.0 | 24.1 | 40.5 | 51.1 | 20.5 | 2.7 | (1.1) | 0.2 | 1.2 | 0.3 | (1.9) | 0 | 0 | 18.9 | 0 | 0 | 0 |
| Total Stockholders' Equity | 819.1 | 2,497.0 | 2,497.0 | 2,503.0 | 2,434.4 | 2,432.1 | 2,432.1 | 2,260.1 | 2,260.1 | 2,290.9 | 1,942.0 | 1,742.6 | 1,550.4 | 1,551.8 | 1,598.7 | 1,699.8 | 1,720.8 | 1,533.0 | 1,567.0 | 1,363.2 | 953.7 | 798.6 | 705.1 | 596.2 | 492.4 | 434.2 | 393.8 | 382.7 | 353.4 | 351.5 | 322.3 | 332.1 | 307.8 | 309.3 | 298.3 | 295.8 | 125.0 |
| Total Liabilities & Equity | 4,272.1 | 6,685.4 | 6,685.4 | 6,326.8 | 6,180.8 | 6,274.9 | 6,274.9 | 6,007.7 | 6,007.7 | 5,837.4 | 5,177.7 | 4,288.4 | 3,845.3 | 3,524.7 | 3,249.5 | 2,728.3 | 2,646.1 | 2,652.0 | 2,519.9 | 2,319.0 | 1,801.0 | 1,499.4 | 1,196.5 | 968.2 | 756.8 | 594.1 | 540.6 | 533.2 | 361.3 | 376.1 | 333.7 | 345.0 | 329.0 | 321.9 | 300.8 | 301.5 | 125.7 |
| Debt Metrics | |||||||||||||||||||||||||||||||||||||
| Total Debt | 2,415.3 | 2,157.1 | 2,157.1 | 1,794.3 | 1,779.2 | 1,793.2 | 1,793.2 | 1,811.2 | 1,811.2 | 1,550.6 | 1,658.5 | 1,266.4 | 1,262.4 | 1,034.5 | 1,047.0 | 681.3 | 644.1 | 675.3 | 637.8 | 638.7 | 653.8 | 486.9 | 468.0 | 43.8 | 251.3 | 131.3 | 139.3 | 138.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 |
| Net Debt | 1,718.5 | 1,479.4 | 1,479.4 | 1,422.0 | 1,292.6 | 1,219.2 | 1,219.2 | 1,328.9 | 1,328.9 | 1,330.0 | 1,293.2 | 1,158.8 | 909.2 | 854.2 | 854.5 | 359.1 | 383.8 | 488.6 | 405.3 | 373.1 | 413.0 | 351.5 | 274.3 | (114.6) | 194.9 | 85.9 | 119.1 | 44.4 | (15.3) | (57.7) | (27.3) | (25.6) | (13.5) | (8.9) | (5.5) | (9.0) | (13.5) |
| Metric | 2026 Q2 | 2025 Q3 | 2025 Q4 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | 2018 Q4 | 2018 Q2 | 2017 Q4 | 2017 Q2 | 2016 Q4 | 2016 Q2 | 2015 Q4 | 2015 Q2 | 2014 Q4 | 2014 Q2 | 2013 Q4 | 2013 Q2 | 2012 Q4 | 2012 Q2 | 2011 Q4 | 2011 Q2 | 2010 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||
| Net Income | (1,623.7) | (20.3) | (20.3) | 105.2 | 36.9 | 157.9 | 157.9 | (17.5) | (17.5) | 140.0 | (20.3) | 99.7 | (18.2) | (0.2) | (28.6) | 13.7 | 151.5 | (8.4) | 220.5 | 156.8 | 160.8 | 116.3 | 133.0 | 56.1 | 52.8 | 42.0 | 23.7 | 34.4 | 12.2 | 27.0 | (24.4) | 16.9 | 0 | 4.2 | 0 | 4.0 |
| Depreciation & Amortization | 1,535.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.2 | 0.5 | 5.4 | 5.3 | 6.6 | 5.6 | 5.0 | 5.1 | 6.1 | 6.2 | 0.5 | 0.3 | 0.1 | 0.3 | 4.1 | 6.0 | 5.3 | 6.1 | 5.6 | 5.6 | 2.8 | 0 | 0 |
| Stock-Based Compensation | (3.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.4 | 6.7 | 5.4 | 0 | 5 | 4.3 | 5.3 | 0 | 2.8 | 1.8 | 1.7 | 0 | 1.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (897.1) | 55.7 | 55.7 | 23.2 | 243.6 | 378.1 | 378.1 | 106.0 | 106.0 | 110.5 | (135.7) | (1.3) | 2.0 | 132.2 | (543.9) | 18.1 | 126.6 | 18.0 | 30.7 | (172.3) | (20.8) | (38.8) | (39.3) | 153.1 | (99.8) | 42.5 | (48.6) | (99.6) | 2.5 | (2.7) | 2.8 | 2.1 | 2.1 | 1.1 | 0.0 | 0.0 |
| Other Non-Cash Items | 900.9 | (55.5) | (55.5) | (212.6) | (125.3) | (256.2) | (256.2) | (35.6) | (35.6) | (328.4) | (54.5) | (375.4) | (72.2) | (86.4) | (78.4) | (83.0) | (189.0) | (34.0) | (251.9) | (183.6) | (185.9) | (123.7) | (163.8) | (100.8) | (68.8) | (49.2) | (30.9) | 0.1 | (52.1) | 0.5 | 27.2 | 0.6 | 17.5 | 4.5 | 3.3 | (2.3) |
| Operating Cash Flow | (84.7) | (20.1) | (20.1) | (84.2) | 155.2 | 279.8 | 279.8 | 53.0 | 53.0 | (70.4) | (203.8) | (271.5) | (88.4) | 60.8 | (646.1) | (40.5) | 94.3 | (15.0) | 6.7 | (192.5) | (40.8) | (38.5) | (63.8) | 108.8 | (115.5) | 35.4 | (55.5) | (60.9) | (31.4) | 30.2 | 11.7 | 25.2 | 25.2 | 12.6 | 3.3 | 1.7 |
| Investing Activities | ||||||||||||||||||||||||||||||||||||
| Capital Expenditure | (0.1) | (0.1) | (0.1) | (0.1) | (0.0) | (0.1) | (0.1) | (0.0) | (0.0) | (0.3) | (2.2) | (0.2) | (0.0) | (0.1) | (0.2) | (0.2) | (0.1) | (2.5) | (0.9) | (0.0) | (0.1) | (0.4) | (0.2) | (1.0) | (0.6) | (0.0) | (0.4) | (0.0) | (0.1) | (0.2) | (0.1) | (0.0) | (0.0) | (0.0) | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (57.9) | (35.4) | 0 | 0.0 | (1.5) | 0 | 0 | 0 | 0 | (27.0) | 0 | 0 | 0 | 0 |
| Purchases of Investments | (3.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (8.3) | (8.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0.0 | 0.0 | 0 | 0 |
| Investing Cash Flow | (3.1) | (8.3) | (8.3) | (0.1) | (0.0) | (0.1) | (0.1) | (0.0) | (0.0) | (0.3) | (2.2) | (0.2) | (0.0) | (0.1) | (0.2) | (0.2) | (0.1) | (2.5) | (0.9) | (0.0) | (0.1) | (0.4) | (58.1) | (36.4) | (0.6) | 0.0 | (1.9) | (0.0) | (0.1) | (0.2) | (0.1) | (27.1) | (0.0) | (0.0) | (0.1) | (0.0) |
| Financing Activities | ||||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 281.8 | 377.2 | 377.2 | (6.7) | 0 | (11.5) | (11.5) | 285.0 | 285.0 | 0 | 394.5 | (0.0) | 269.5 | 0 | 366.3 | 0 | (1.3) | 0 | (0.7) | 0 | 180 | 0 | 182.1 | 0 | 145.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (3.7) | 0 | 0 | (15.3) | (15.3) | 0 | 0 | (4.4) | (4.4) | 0 | 0 | (2.9) | 0 | (2.5) | (1.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (13.7) | 0 | 0 | (13.7) | 0 | 0.1 | 0.1 | 0 | 0 | (13.8) | (13.7) | (14.0) | (13.7) | (13.7) | (27.4) | 0 | 0 | (9.1) | (19.3) | (8.0) | (16.6) | (6.4) | (13.5) | (5.5) | (12.2) | (5.4) | (11.4) | (4.2) | (11.4) | 0 | (9.9) | (3.3) | (3.3) | (1.6) | (3.3) | (1.6) |
| Other Financing Activities | (45.9) | (43.1) | (43.1) | 4.3 | (123.9) | (86.1) | (86.1) | (71.2) | (71.2) | 48.2 | 517.7 | 97.8 | 290.6 | (53.8) | 177.0 | 14.7 | (18.6) | (19.4) | (19.0) | 226.3 | (16.9) | (13.9) | (11.9) | 36.0 | (6.2) | (4.5) | (4.5) | 145.6 | (0.0) | (0.1) | 0 | (0.1) | (0.1) | (0.0) | 0 | 0 |
| Financing Cash Flow | 218.5 | 334.2 | 334.2 | (31.4) | (139.2) | (97.6) | (97.6) | 209.4 | 209.4 | 34.4 | 504.0 | 81.0 | 285.4 | (70.0) | 514.8 | 14.7 | (19.9) | (28.5) | (38.9) | 218.3 | 146.6 | (20.3) | 156.6 | 30.5 | 127.4 | (9.8) | (15.8) | 141.5 | (11.4) | (0.1) | (9.9) | (3.4) | (3.4) | (1.7) | (3.3) | (1.6) |
| Cash Position | ||||||||||||||||||||||||||||||||||||
| Net Change in Cash | 130.8 | 305.4 | 305.4 | (114.4) | 16.7 | 183.3 | 183.3 | 262.1 | 262.1 | (35.0) | 299.3 | (189.1) | 193.3 | (10.5) | (131.3) | (25.0) | 73.7 | (45.8) | 232.5 | (194.1) | 240.7 | (127.3) | 193.7 | (22.5) | 56.4 | (20.2) | 20.2 | (15.3) | 15.3 | 0 | 27.3 | 16.7 | 4.2 | 4.2 | (0.0) | (0.0) |
| Cash at Beginning | 566.4 | 372.2 | 372.2 | 486.6 | 469.9 | 390.7 | 390.7 | 220.5 | 220.5 | 255.6 | 66.0 | 296.7 | 159.8 | 190.8 | 322.1 | 260.3 | 186.6 | 232.5 | 0 | 240.7 | 0 | 193.7 | 0 | 56.4 | 0 | 20.2 | 0 | 15.3 | 0 | 0 | 0 | 8.9 | 2.2 | 2.2 | 2.2 | 2.2 |
| Cash at End | 696.9 | 677.7 | 677.7 | 372.2 | 486.6 | 574.0 | 574.0 | 482.7 | 482.7 | 220.5 | 365.3 | 107.7 | 353.2 | 180.3 | 190.8 | 235.3 | 260.3 | 186.6 | 232.5 | 46.7 | 240.7 | 66.4 | 193.7 | 33.9 | 56.4 | 0 | 20.2 | 0 | 15.3 | 0 | 27.3 | 25.6 | 6.4 | 6.4 | 2.2 | 2.2 |
| Free Cash Flow | (84.7) | (20.1) | (20.1) | (84.3) | 155.1 | 279.8 | 279.8 | 52.9 | 52.9 | (70.7) | (206.0) | (271.8) | (88.4) | 60.7 | (646.3) | (40.7) | 94.2 | (17.6) | 5.8 | (192.5) | (40.9) | (39.0) | (64.0) | 107.8 | (116.0) | 35.4 | (55.9) | (60.9) | (31.5) | 30.1 | 11.6 | 25.2 | 25.2 | 12.6 | 3.3 | 1.7 |
| Key Metrics | 2026 Q2 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q1 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | 2018 Q4 | 2018 Q2 | 2017 Q4 | 2017 Q2 | 2016 Q4 | 2016 Q2 | 2015 Q4 | 2015 Q2 | 2014 Q4 | 2014 Q2 | 2013 Q4 | 2013 Q2 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 110.7 | 53.3 | 53.3 | 174.9 | 108.3 | 227.3 | 227.3 | 37.3 | 37.3 | 153.9 | 18.7 | 89.7 | 18.3 | 127.7 | 94.7 | 98.4 | 259.4 | 71.8 | 292.3 | 219.0 | 207.5 | 166.2 | 174.8 | 87.1 | 76.0 | 64.2 | 39.6 | 46.1 | 27.4 | 40.6 | 19.9 | ||||||
| Gross Profit | 92.5 | 13.1 | 13.1 | 140.9 | 74.5 | 194.0 | 194.0 | 4.8 | 4.8 | 130.0 | 8.2 | 89.7 | 14.7 | 124.9 | 92.1 | 65.5 | 221.8 | 22.7 | 251.7 | 170.4 | 184.2 | 133.1 | 154.2 | 62.6 | 61.5 | 50.6 | 27.4 | 41.7 | 18.2 | 39.9 | 10.1 | ||||||
| Operating Income | 14.0 | (16.5) | (16.5) | 109.7 | 44.5 | 169.3 | 169.3 | (18.9) | (18.9) | 144.5 | (10.5) | 140.4 | (3.7) | 63.6 | 10.0 | 24.2 | 213.0 | 16.2 | 246.9 | 165.7 | 179.5 | 127.3 | 144.5 | 62.4 | 61.5 | 50.6 | 27.4 | 31.5 | 12.4 | 28.5 | 4.2 | ||||||
| Net Income | 9.5 | (19.2) | (19.2) | 88.3 | 30.9 | 135.6 | 135.6 | (29.9) | (29.9) | 100.1 | (21.5) | 81.9 | (49.4) | (0.2) | (28.6) | 13.7 | 151.5 | (8.4) | 220.5 | 156.8 | 160.8 | 116.3 | 133.0 | 56.1 | 52.2 | 41.4 | 23.1 | 33.8 | 11.6 | 27.0 | (24.4) | ||||||
| EPS (Diluted) | 0.01 | -0.09 | -0.09 | 0.39 | 0.14 | 0.61 | 0.61 | -0.14 | -0.14 | 0.45 | -0.10 | 0.37 | -0.21 | -0.00 | -0.13 | 0.06 | 0.69 | -0.04 | 1.01 | 0.73 | 0.77 | 0.56 | 0.60 | 0.27 | 0.25 | 0.20 | 0.11 | 0.17 | 0.06 | 0.13 | -0.13 | ||||||
| Balance Sheet | |||||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 696.9 | 677.7 | 677.7 | 372.2 | 486.6 | 574.0 | 574.0 | 482.3 | 482.3 | 220.5 | 365.3 | 107.7 | 353.2 | 180.3 | 192.6 | 322.2 | 260.3 | 186.6 | 232.5 | 265.6 | 240.7 | 135.4 | 193.7 | 158.4 | 56.4 | 45.4 | 20.2 | 93.6 | 15.3 | 57.7 | 27.3 | 25.6 | 13.5 | 8.9 | 5.6 | 9.0 | 13.5 |
| Total Assets | 4,272.1 | 6,685.4 | 6,685.4 | 6,326.8 | 6,180.8 | 6,274.9 | 6,274.9 | 6,007.7 | 6,007.7 | 5,837.4 | 5,177.7 | 4,288.4 | 3,845.3 | 3,524.7 | 3,249.5 | 2,728.3 | 2,646.1 | 2,652.0 | 2,519.9 | 2,319.0 | 1,801.0 | 1,499.4 | 1,196.5 | 968.2 | 756.8 | 594.1 | 540.6 | 533.2 | 361.3 | 376.1 | 333.7 | 345.0 | 329.0 | 321.9 | 300.8 | 301.5 | 125.7 |
| Total Debt | 2,415.3 | 2,157.1 | 2,157.1 | 1,794.3 | 1,779.2 | 1,793.2 | 1,793.2 | 1,811.2 | 1,811.2 | 1,550.6 | 1,658.5 | 1,266.4 | 1,262.4 | 1,034.5 | 1,047.0 | 681.3 | 644.1 | 675.3 | 637.8 | 638.7 | 653.8 | 486.9 | 468.0 | 43.8 | 251.3 | 131.3 | 139.3 | 138.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 |
| Stockholders' Equity | 819.1 | 2,497.0 | 2,497.0 | 2,503.0 | 2,434.4 | 2,432.1 | 2,432.1 | 2,260.1 | 2,260.1 | 2,290.9 | 1,942.0 | 1,742.6 | 1,550.4 | 1,551.8 | 1,598.7 | 1,699.8 | 1,720.8 | 1,533.0 | 1,567.0 | 1,363.2 | 953.7 | 798.6 | 705.1 | 596.2 | 492.4 | 434.2 | 393.8 | 382.7 | 353.4 | 351.5 | 322.3 | 332.1 | 307.8 | 309.3 | 298.3 | 295.8 | 125.0 |
| Cash Flow | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (84.7) | (20.1) | (20.1) | (84.2) | 155.2 | 279.8 | 279.8 | 53.0 | 53.0 | (70.4) | (203.8) | (271.5) | (88.4) | 60.8 | (646.1) | (40.5) | 94.3 | (15.0) | 6.7 | (192.5) | (40.8) | (38.5) | (63.8) | 108.8 | (115.5) | 35.4 | (55.5) | (60.9) | (31.4) | 30.2 | 11.7 | 25.2 | 25.2 | 12.6 | 3.3 | 1.7 | |
| Capital Expenditure | (0.1) | (0.1) | (0.1) | (0.1) | (0.0) | (0.1) | (0.1) | (0.0) | (0.0) | (0.3) | (2.2) | (0.2) | (0.0) | (0.1) | (0.2) | (0.2) | (0.1) | (2.5) | (0.9) | (0.0) | (0.1) | (0.4) | (0.2) | (1.0) | (0.6) | (0.0) | (0.4) | (0.0) | (0.1) | (0.2) | (0.1) | (0.0) | (0.0) | (0.0) | 0 | 0 | |
| Free Cash Flow | (84.7) | (20.1) | (20.1) | (84.3) | 155.1 | 279.8 | 279.8 | 52.9 | 52.9 | (70.7) | (206.0) | (271.8) | (88.4) | 60.7 | (646.3) | (40.7) | 94.2 | (17.6) | 5.8 | (192.5) | (40.9) | (39.0) | (64.0) | 107.8 | (116.0) | 35.4 | (55.9) | (60.9) | (31.5) | 30.1 | 11.6 | 25.2 | 25.2 | 12.6 | 3.3 | 1.7 | |