Burlington Stores, Inc. logo BURL - Burlington Stores, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 33
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $354.83 DETAILS
HIGH: $411.00
LOW: $305.00
MEDIAN: $360.00
CONSENSUS: $354.83
UPSIDE: 8.88%
Metric 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
Revenue
Revenue 3,647.4 2,710.4 2,705.1 2,504.0 3,277.1 2,530.7 2,465.5 2,361.6 3,126.4 2,289.3 2,174.8 2,137.0 2,744.3 2,040.7 1,987.9 1,929.7 2,609.0 2,304.0 2,215.9 2,193.3 2,282.9 1,667.2 1,012.3 801.5 2,208.6 1,781.6 1,662.0 1,634.2 1,998.1 1,641.0 1,504.7 1,524.7 1,944.3 1,444.6 1,369.0 1,352.2 1,692.3 1,349.0 1,260.7 1,288.9 1,555.6 1,230.9 1,144.2 1,183.1 1,499.6 1,157.3 1,043.6 1,128.3 1,348.0 1,064.5 963.7 1,065.0 1,330.2 967.9 871.7 990.0
Cost of Revenue 2,052.3 1,509.9 1,519.6 1,405.1 1,868.3 1,418.1 1,408.1 1,330.7 1,788.4 1,297.8 1,266.2 1,231.6 1,625.4 1,198.1 1,211.3 1,136.9 1,566.7 1,347.6 1,279.7 1,242.2 1,309.4 915.8 547.5 782.2 1,274.1 1,022.9 970.4 961.3 1,156.0 942.0 877.5 892.7 1,122.9 831.7 808.1 796.4 981.2 789.9 757.6 768.7 909.2 741.6 695.9 712.9 858.7 698.6 645.0 698.5 778.3 649.6 600.3 667.7 772.3 594.4 543.5 619.9
Gross Profit 1,595.0 1,200.6 1,185.4 1,098.9 1,408.8 1,112.6 1,057.4 1,030.8 1,338.0 991.5 908.6 905.3 1,118.9 842.6 776.7 792.7 1,042.3 956.5 936.2 951.1 973.5 751.4 464.8 19.3 934.5 758.7 691.6 672.9 842.1 698.9 627.3 632.0 821.4 612.8 560.9 555.8 711.1 559.2 503.1 520.2 646.3 489.3 448.3 470.1 640.9 458.7 398.6 429.8 569.6 414.9 363.4 397.4 557.9 373.5 328.2 370.1
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 0 0 0 0 0 0 0 0 0 14.6 0 0 0 17.4 0 0 0 18.8 0 0 0 20.3 0 0 0
SG&A Expenses 1,051.7 947.5 949.9 868.1 964.7 893.1 864.0 825.2 930.6 826.8 775.3 755.6 784.6 726.9 685.5 680.3 741.6 759.8 702.3 664.8 705.0 645.3 491.6 485.1 595.3 583.6 531.8 517.4 533.2 538.1 479.1 468.3 525.3 480.2 437.2 420.9 461.7 451.1 407.1 403.4 422.5 416.5 381.9 378.1 427.7 397.3 351.0 347.8 375.6 364.9 334.0 327.7 367.5 335.0 303.1 307.1
Other Expenses 132.0 99.3 94.8 91.8 91.5 87.5 86.7 82.0 87.3 164.7 73.1 70.5 68.5 67.6 68.0 66.3 66.1 64.7 62.8 55.6 56.7 55.0 54.4 54.3 55.1 52.7 52.3 50.6 56.7 53.8 56.9 50.5 53.6 50.8 48.7 48.0 47.0 46.5 44.6 45.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25.1 62.9
Operating Expenses 1,183.7 1,046.8 1,044.7 959.8 1,056.1 980.6 950.6 907.2 1,017.9 991.5 848.4 826.2 853.1 794.6 753.5 746.6 807.8 824.4 765.1 720.4 761.7 700.3 546.0 539.4 650.4 636.4 584.1 568.0 589.9 591.9 536 518.9 578.8 531.0 485.9 468.9 508.6 497.5 451.7 448.9 437.1 416.5 381.9 378.1 445.1 397.3 351.0 347.8 394.4 364.9 369.3 371.7 424.7 367.7 328.2 370.1
Operating Income
Operating Income 411.4 153.8 140.7 139.1 352.6 132.0 106.8 123.6 320.1 0 60.2 79.2 265.8 48.0 23.2 46.1 234.5 132.0 171.1 230.7 211.8 51.1 (81.2) (520.0) 284.1 122.3 107.5 104.9 252.2 107.1 91.3 113.2 242.6 81.8 75.0 87.0 202.4 61.6 51.4 71.3 209.3 72.8 66.4 92.0 195.8 61.4 47.6 82.0 175.3 49.9 (4.1) 33.6 142.1 5.6 (14.9) 23.0
Interest Expense 18.7 23.5 17.4 15.8 18.5 17.8 16.6 16.6 19.8 19.7 19.5 19.3 19.0 17.4 15.4 14.6 14.8 15.6 17.5 19.6 27.3 27.5 28.4 14.7 10.2 12.1 13.4 13.4 12.4 14.5 14.6 14.5 15.4 15.4 14.5 13.5 13.0 13.2 15.1 15.0 14.8 14.8 14.6 14.8 15.0 16.6 25.5 26.6 27.4 32.7 33.3 34.3 29.4 27.4 27.6 29.5
Interest Income 7.2 4.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 568.5 256.5 239.6 240.5 457.5 223.3 202.9 208.3 420.7 162.7 134.7 133.2 338.5 107.9 99.4 98.6 259.2 111.8 204.1 286.9 272.2 105.5 (27.1) (470.1) 338.4 184.3 161.4 158.0 305.4 160.3 150.8 165.0 291.8 134.0 126.3 136.8 250.5 109.5 92.4 120.6 202.4 80.6 73.7 99.8 192.7 70.2 55.1 89.5 172.0 58.3 37.1 77.6 167.9 46.5 20.3 63.7
EBIT 436.5 157.2 144.8 148.7 366.0 135.8 116.2 126.3 333.4 86.6 61.5 62.7 270.0 40.2 31.4 32.3 193.1 47.1 141.3 231.3 215.5 50.6 (81.5) (524.4) 283.3 131.6 109.2 107.3 248.7 106.5 93.8 114.5 238.2 83.2 77.6 88.8 203.5 63.0 47.8 75.1 172.0 37.4 32.0 57.7 166.9 27.6 14.6 48.3 148.9 17.2 (4.1) 33.6 142.1 5.6 (19.7) 23.8
Income Before Tax 417.9 138.1 127.3 132.9 347.5 118.0 99.7 109.6 313.6 66.9 42.0 43.3 251.0 22.8 16.0 17.7 178.3 31.5 123.8 211.7 188.2 23.1 (109.8) (539.1) 271.4 119.4 95.7 94.0 236.3 92.1 79.3 100.0 222.8 67.8 63.1 75.3 190.5 49.9 32.7 60.1 154.7 24.3 18.6 41.3 154.5 (58.2) (10.8) 19.6 104.8 (24.5) (39.2) (8.6) 103.8 (21.7) (47.3) (5.7)
Income Tax Expense 107.5 33.3 33.1 32.0 86.7 27.4 25.9 31.1 86.1 18.3 11.1 10.6 65.8 6.0 4.0 1.5 56.7 17.9 21.2 40.6 32.2 15.1 (63.1) (205.4) 65.1 23.0 11.2 16.2 51.9 15.2 8.3 17.4 (17.9) 22.9 16.2 22.9 65.0 17.4 12.3 22.6 55.9 9.1 7.7 15.6 59.6 (24.0) (4.3) 7.8 41.2 (7.7) (14.2) (3.1) 35.8 (14.2) (16.0) (1.7)
Net Income 310.4 104.8 94.2 100.8 260.8 90.6 73.8 78.5 227.5 48.6 30.9 32.7 185.2 16.8 12.0 16.2 121.6 13.6 102.6 171.0 156.0 8.0 (46.8) (333.7) 206.3 96.5 84.6 77.8 184.4 76.8 71.0 82.6 240.7 44.9 46.9 52.4 125.6 32.4 20.4 37.5 98.8 15.1 10.9 25.7 94.9 (34.2) (6.5) 11.8 63.6 (16.9) (25.0) (5.6) 67.9 (7.4) (31.3) (3.9)
Per Share Data
EPS (Basic) 4.84 1.63 1.49 1.60 4.02 1.43 1.16 1.23 3.56 0.75 0.48 0.50 2.85 0.26 0.18 0.24 1.83 0.20 1.54 2.58 2.35 0.12 -0.71 -5.09 3.11 1.46 1.28 1.18 2.73 1.15 1.06 1.23 3.47 0.66 0.68 0.76 1.77 0.46 0.29 0.53 1.35 0.20 0.14 0.34 1.26 -0.46 -0.09 0.16 0.86 -0.23 -0.35 -0.08 0.95 -0.10 -0.44 -0.06
EPS (Diluted) 4.84 1.63 1.47 1.58 4.02 1.40 1.15 1.22 3.53 0.75 0.48 0.50 2.83 0.26 0.18 0.24 1.80 0.20 1.50 2.51 2.33 0.12 -0.71 -5.09 3.08 1.44 1.26 1.15 2.70 1.12 1.03 1.20 3.47 0.65 0.66 0.73 1.77 0.45 0.28 0.52 1.35 0.20 0.14 0.34 1.26 -0.46 -0.09 0.16 0.86 -0.23 -0.35 -0.08 0.95 -0.10 -0.44 -0.06
Shares Outstanding 64.1 64.1 63.1 63.1 64.8 63.6 63.7 63.9 64.0 64.7 64.9 65.0 65.0 65.4 65.8 66.3 66.5 66.7 66.6 66.4 66.4 66.1 65.9 65.6 65.9 66.0 65.9 66.1 67.1 66.8 66.9 67.0 67.3 67.7 68.8 69.3 69.6 70.3 70.8 71.2 72.2 74.1 75.2 75.0 74.6 74.2 71.9 73.6 73.7 72.7 71.6 71.6 71.6 71.6 71.6 71.6
Metric 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 1,232.5 584.1 747.6 371.1 994.7 857.8 659.9 742.3 925.4 615.9 521.0 532.4 872.6 428.6 455.0 627.0 1,091.1 1,185.4 1,344.3 1,530.6 1,380.3 1,348.7 1,077.1 1,488.5 403.1 140.5 97.2 105.0 112.3 85.4 89.6 83.0 133.3 48.1 32.6 29.6 81.6 32.8 30.5 28.1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 105.3 116.2 111.2 106.7 88.1 102.9 99.7 100.7 74.4 91.6 80.7 78.5 71.1 80.6 70.9 77.7 54.1 90.7 78.8 83.3 62.2 72.7 50.3 12.4 91.5 117.5 98.2 99.5 58.8 86.1 71.0 82.8 71.6 79.0 58.9 53.0 43.3 59.8 41.9 51.4
Inventory 1,311.9 1,658.4 1,414.8 1,315.3 1,250.8 1,440.7 1,222.7 1,140.8 1,087.8 1,329.1 1,161.5 1,231.1 1,182.0 1,445.1 1,266.7 1,257.1 1,021.0 1,059.7 828.2 767.6 740.8 867.0 607.6 625.9 777.2 1,004.4 823.8 895.8 954.2 1,056.6 843.9 786.6 752.6 903.7 727.0 725.5 701.9 822.5 745.0 804.7
Other Current Assets 121.8 303.3 300.4 279.0 295.3 289.1 275.6 254.3 239.5 178.3 153.8 148.5 158.1 13.6 8.5 78.5 10.9 10.9 9.1 13.2 13.2 208.7 6.6 8.8 8.8 6.6 21.9 21.9 21.9 31.3 21.9 21.9 27.8 27.8 27.8 27.8 27.8 27.8 27.8 27.8
Total Current Assets 2,771.5 2,662.0 2,574.0 2,072.2 2,628.8 2,690.4 2,257.9 2,238.1 2,327.0 2,214.8 1,917.1 1,990.5 2,283.8 2,099.8 1,936.1 2,181.2 2,547.6 2,772.1 2,663.9 2,738.1 2,510.6 2,634.9 1,891.8 2,229.9 1,417.4 1,415.1 1,185.9 1,251.8 1,271.9 1,398.6 1,174.0 1,100.9 1,100.4 1,150.5 948.5 914.7 928.3 1,046.9 932.0 981.5
Non-Current Assets
Property, Plant & Equipment 6,789.0 6,577.8 6,379.0 6,114.1 5,756.6 5,373.7 5,208.0 5,083.7 5,013.1 4,898.2 4,625.1 4,646.7 4,613.9 4,618.1 4,441.2 4,384.3 4,190.7 4,153.6 3,974.4 3,955.3 3,908.2 3,907.7 3,888.4 3,843.8 3,800.3 3,713.7 3,478.4 3,432.9 1,253.7 1,239.5 1,179.0 1,148.3 1,134.8 1,111.9 1,080.2 1,055.2 1,049.4 1,040.3 1,024.9 1,011.9
Goodwill 0 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1 47.1
Intangible Assets 285.1 238 238 238 238 238 238 238 238 238 238 238 238 238 238 238 238 238 238 238 238 238.6 238.6 238.7 238.7 238.8 238.8 238.9 402.3 411.1 416.4 421.6 426.9 433.4 439.2 445.1 451.2 458.7 464.6 470.5
Long-Term Investments 0 16.2 18.5 26.1 45.7 38.1 20.1 36.1 29.1 43.0 36.1 0 0 41.7 11.3 19.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.5 0 0 0 0 0 0 0
Other Non-Current Assets 71.3 69.5 50.4 50.3 52.0 53.4 48.2 50.0 50.1 49.7 49.3 78.6 83.6 53.2 56.0 59.6 62.1 63.0 64.9 68.2 72.8 75.9 299.4 276.5 85.7 88.9 92.1 90.3 99.8 105.6 107.6 100.9 92.1 92.6 89.6 89.1 90.5 95.2 97.7 95.0
Total Non-Current Assets 7,147.5 6,934.7 6,735.2 6,477.7 6,141.6 5,752.4 5,563.5 5,457.1 5,379.8 5,278.9 4,998.5 5,013.4 4,985.8 5,001.7 4,797.3 4,752.2 4,541.9 4,505.8 4,328.6 4,312.9 4,270.5 4,273.9 4,478.1 4,410.8 4,176.5 4,092.4 3,860.5 3,813.4 1,807.3 1,808.3 1,756.6 1,724.5 1,712.4 1,692.9 1,663.3 1,644.1 1,646.2 1,641.2 1,634.2 1,624.4
Total Assets 9,919.1 9,596.7 9,309.3 8,549.9 8,770.4 8,442.9 7,821.4 7,695.3 7,706.8 7,493.7 6,915.5 7,003.9 7,269.6 7,101.5 6,733.4 6,933.5 7,089.5 7,277.8 6,992.5 7,051.0 6,781.1 6,908.8 6,369.9 6,640.7 5,593.9 5,507.6 5,046.4 5,065.2 3,079.2 3,206.9 2,930.6 2,825.4 2,812.8 2,843.4 2,611.8 2,558.9 2,574.5 2,688.1 2,566.3 2,605.9
Current Liabilities
Account Payables 1,019.2 1,118.3 1,024.3 914.6 1,038.1 1,101.9 1,017.4 929.8 956.4 939.7 773.5 829.2 955.8 953.7 800.7 962.2 1,080.8 1,174.3 980.0 907.0 862.6 920.9 492.3 701.9 759.1 888.4 690.6 707.7 848.6 967.2 761.7 726.6 736.3 764.6 604.0 608.9 640.3 692.0 546.0 594.4
Short-Term Debt 496.1 425.3 19.9 14.8 577.8 572.7 556.7 168.6 13.7 14.0 13.9 13.8 13.6 13.5 14.6 14.5 14.4 14.2 14.1 4.3 3.9 3.8 3.8 3.7 3.6 3.3 3.2 3.1 2.9 2.8 2.8 13.0 13.2 1.9 1.8 1.7 1.6 1.6 1.5 1.5
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 0
Other Current Liabilities 734 659.6 656.7 629.9 615.3 626.9 604.5 603.0 647.3 588.6 456.1 472.9 541.4 520.1 418.4 378.1 493.7 544.9 483.1 504.5 512.8 522.1 451.9 380.8 362.2 422.2 344.6 359.8 366.3 433.4 355.7 352.0 370.2 359.2 315.7 335.0 354.9 324.5 289.8 277.6
Total Current Liabilities 2,249.2 2,203.2 2,093.8 1,956.8 2,272.5 2,301.4 2,178.7 2,097.3 2,028.8 1,954.6 1,643.7 1,718.5 1,912.0 1,878.4 1,609.0 1,729.5 1,947.6 2,079.5 1,803.5 1,728.7 1,684.0 1,740.6 1,225.2 1,355.4 1,461.9 1,607.6 1,315.8 1,343.9 1,247.7 1,403.4 1,120.1 1,091.6 1,119.6 1,127.7 923.3 947.3 996.8 1,019.7 838.9 874.9
Non-Current Liabilities
Long-Term Debt 2,011.7 2,015.5 2,019.4 1,637.1 1,517.2 1,519.4 1,210.6 1,212.2 1,394.9 1,397.6 1,320.5 1,350.4 1,462.1 1,434.1 1,435.5 1,437.0 1,541.1 1,614.6 1,774.3 2,081.0 1,927.8 2,169.5 2,161.2 2,304.1 1,001.7 982.3 1,079.8 1,133.4 983.6 1,089.1 1,155.7 1,122.6 1,113.8 1,294.3 1,276.4 1,152.2 1,128.8 1,303.0 1,351.8 1,350.2
Deferred Tax Liabilities 277.8 272.2 265.6 249.8 259.3 254.0 243.3 240.6 227.6 237.9 226.4 220.6 206.0 222.5 224.6 232.9 220.0 211.7 204.0 171.6 199.8 204.7 217.4 219.1 182.3 171.6 171.5 180.3 178.8 180.2 181.2 181.6 179.5 222.1 218.0 212.5 207.9 206.1 195.2 200.5
Other Non-Current Liabilities 75.7 74.3 77.1 74.1 74.4 74.1 74.1 73.2 73.8 70.6 70.8 70.1 69.4 68.7 69.6 71.0 80.9 94.5 105.7 101.0 103.9 111.0 113.6 112.1 97.8 96.2 94.6 83.4 346.3 340.9 320.3 318.4 313.1 309.8 289.9 287.8 290.7 272.3 261.3 262.4
Total Non-Current Liabilities 5,862.6 5,866.0 5,768.7 5,240.9 5,127.4 4,994.9 4,572.4 4,566.5 4,681.1 4,688.6 4,446.0 4,483.9 4,562.7 4,584.4 4,490.4 4,487.8 4,381.4 4,481.5 4,513.3 4,782.5 4,632.3 4,881.6 4,882.5 5,006.2 3,603.8 3,508.4 3,415.5 3,442.8 1,508.7 1,610.1 1,657.2 1,622.5 1,606.4 1,826.2 1,784.4 1,652.4 1,627.5 1,803.9 1,831.1 1,836.2
Total Liabilities 8,111.8 8,069.2 7,862.4 7,197.7 7,399.9 7,296.4 6,751.1 6,663.8 6,709.9 6,643.2 6,089.7 6,202.4 6,474.7 6,462.8 6,099.5 6,217.3 6,329.1 6,561.0 6,316.8 6,511.2 6,316.3 6,622.2 6,107.7 6,361.6 5,065.7 5,116.0 4,731.3 4,786.7 2,756.5 3,013.5 2,777.3 2,714.2 2,726.1 2,953.9 2,707.7 2,599.8 2,624.3 2,823.5 2,670.0 2,711.1
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 0.0
Retained Earnings 0 1,787.5 1,682.7 1,588.5 1,487.7 1,226.9 1,136.3 1,062.6 984.1 756.6 708.1 677.2 644.4 459.2 442.4 430.5 414.3 292.7 279.0 176.5 (11.7) (167.7) (175.7) (128.9) 204.8 (1.5) (98.0) (182.6) (260.9) (445.3) (522.1) (593.1) (675.7) (916.4) (961.2) (1,008.1) (1,060.1) (1,185.7) (1,218.1) (1,238.5)
Accumulated Other Comprehensive Income 0 13.8 16.8 27.0 42.5 38.0 25.5 37.9 33.5 42.4 36.2 28.9 28.7 37.0 13.8 18.5 (4.4) (13.1) (22.6) (20.0) (23.0) (24.7) (27.4) (27.5) (19.0) (17.6) (17.1) (7.1) (3.6) 0.6 0.1 (0.2) (1.9) (4.5) (6.5) (6.8) (7.2) (11.2) (11.9) (10.0)
Total Stockholders' Equity 1,807.3 1,527.5 1,446.8 1,352.2 1,370.5 1,146.5 1,070.3 1,031.4 996.9 850.5 825.9 801.5 794.9 638.7 633.9 716.2 760.4 716.8 675.7 539.9 464.8 286.6 262.3 279.1 528.1 391.6 315.1 278.5 322.7 193.4 153.3 111.3 86.8 (110.5) (95.9) (40.9) (49.8) (135.4) (103.7) (105.2)
Total Liabilities & Equity 9,919.1 9,596.7 9,309.3 8,549.9 8,770.4 8,442.9 7,821.4 7,695.3 7,706.8 7,493.7 6,915.5 7,003.9 7,269.6 7,101.5 6,733.4 6,933.5 7,089.5 7,277.8 6,992.5 7,051.0 6,781.1 6,908.8 6,369.9 6,640.7 5,593.9 5,507.6 5,046.4 5,065.2 3,079.2 3,206.9 2,930.6 2,825.4 2,812.8 2,843.4 2,611.8 2,558.9 2,574.5 2,688.1 2,566.3 2,605.9
Debt Metrics
Total Debt 6,005.1 5,944.8 5,838.7 5,329.4 5,371.5 5,239.5 4,811.8 4,817.3 4,804.8 4,806.4 4,562.9 4,609.6 4,702.1 4,697.7 4,586.1 4,573.2 4,453.7 4,535.7 4,544.0 4,827.1 4,637.1 4,863.4 4,832.5 4,947.6 3,629.5 3,537.5 3,430.0 3,455.5 986.6 1,091.9 1,158.4 1,135.6 1,127.0 1,296.2 1,278.3 1,153.9 1,130.5 1,304.6 1,353.3 1,351.6
Net Debt 4,772.6 5,360.7 5,091.1 4,958.3 4,376.8 4,381.7 4,151.9 4,074.9 3,879.5 4,190.6 4,041.9 4,077.1 3,829.5 4,269.1 4,131.1 3,946.1 3,362.6 3,350.3 3,199.7 3,296.5 3,256.8 3,514.7 3,755.3 3,459.2 3,226.4 3,397.0 3,332.8 3,350.5 874.3 1,006.5 1,068.8 1,052.6 993.7 1,248.2 1,245.6 1,124.3 1,048.9 1,271.8 1,322.9 1,323.5
Metric 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 310.4 104.7 94.2 100.8 260.8 90.6 73.8 78.5 227.5 48.6 30.9 32.7 185.2 16.8 12.0 16.2 121.6 13.6 102.6 171.0 156.0 8.0 (46.8) (333.7) 206.3 96.5 84.6 77.8 184.4 76.8 71.0 82.6 240.7 44.9 46.9 52.4 125.6 32.4 20.4 37.5
Depreciation & Amortization 132.0 99.3 94.8 91.8 91.5 87.5 86.7 82.0 87.3 76.1 73.1 70.5 68.5 67.6 68.0 66.3 66.1 64.7 62.8 55.6 56.7 55.0 54.4 54.3 55.1 52.7 52.3 50.6 56.7 53.8 56.9 50.5 53.6 50.8 48.7 48.0 47.0 46.5 44.6 45.5
Stock-Based Compensation 25.0 27.4 32.4 21.8 18.3 25.4 24.8 19.1 26.2 21.6 19.4 16.7 16.3 17.3 17.2 16.7 5.2 17.3 23.2 12.9 12.4 13.4 12.7 17.4 13.4 9.6 11.5 9.4 9.3 9.5 9.7 7.0 7.4 7.2 7.4 5.1 4.3 4.3 4.1 3.3
Change in Working Capital 449.5 (108.9) (68.0) (246.8) 154.8 185.4 (35.5) (149.9) 259.9 68.6 (21.5) (240.0) 316.8 56.2 (77.3) (305.3) (30.5) (16.1) (64.7) (36.2) 91.4 264.6 (240.5) (20.5) 100.9 78.2 15.9 (99.1) (4.2) 51.7 (33.5) (86.0) 112.1 22.2 (68.1) (82.3) 137.3 90.9 9.5 (51.3)
Other Non-Cash Items 16.1 13.1 6.4 7.4 14.3 (284.7) 3.5 8.1 4.3 16.2 2.6 27.4 13.1 15.0 6.0 29.4 57.1 97.8 46.2 11.1 25.1 28.7 20.7 15.0 28.6 10.2 15.8 12.4 17.3 17.1 2.3 4.4 15.1 22.2 3.0 0.8 10.6 (1.1) (1.8) (4.1)
Operating Cash Flow 937.5 143.3 179.4 (28.9) 543.2 110.4 160.4 49.4 598.5 240.4 107.8 (78.0) 586.8 162.4 19.4 (172.3) 224.8 181.5 203.5 223.4 336.1 356.1 (201.3) (271.7) 414.9 247.4 175.2 54.2 264.3 209.0 106.1 60.2 385.8 149.3 43.6 28.6 316.0 183.4 72.7 30.4
Investing Activities
Capital Expenditure (999.6) 595.4 (191.1) (404.3) (355.6) 455.0 (196.4) (165.3) (212.8) (133.4) (91.3) (100.2) (108.6) (132.8) (102.8) (106.9) (114.0) (91.4) (76.0) (71.7) (58.8) (80.7) (71.3) (62.5) (68.7) (96.7) (80.1) (83.8) (73.3) (100.5) (70.1) (60.4) (75.7) (84.7) (54.9) (52.9) (49.9) (61.7) (45.5) (30.4)
Acquisitions 0 0 0 0 9.2 0.5 0 0 (0.1) (0.2) (0.2) 0 0 0.1 23.3 0 2.9 (0.2) 6.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (22.8) 0 0 0 0.2 0 0 (0.2) (24.6) 0 0 0 0 0 0 0 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 24.6 0 0 0 0 0 0 0 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 23.2 (851.8) 22.3 (8.4) (2.3) 0 (0.3) 0 20.5 0 0 14.1 4.6 0 0.1 (0.1) 0 0 0.1 (0.1) 0.0 (0.5) (0.2) (0.1) 0.1 4.7 (0.0) (0.1) 0.1 0.4 2.9 2.4 1.9 3.0 1.0 0.1 7.1 (0.1) 0.1 0.1
Investing Cash Flow (217.2) (256.4) (168.7) (412.7) (346.4) (173.6) (196.7) (165.5) (192.5) (133.6) (91.5) (86.2) (104.0) (132.7) (79.4) (107.0) (111.1) (91.6) (69.8) (71.8) (58.8) (81.2) (71.5) (62.6) (68.5) (92.1) (80.1) (83.9) (73.2) (100.1) (67.2) (57.9) (73.8) (81.7) (53.9) (52.8) (42.8) (61.8) (45.4) (30.3)
Financing Activities
Net Debt Issuance (4.4) (4.4) 390.6 (59.3) (3.1) 311.2 (2.4) (2.4) (2.4) 41.9 (2.5) (136.1) (2.4) (2.4) (2.5) (80.6) (111.8) (94.7) (328.7) 0 (250) 0 (150) 1,505 0 (96.9) (53.1) 150 (105) (65.3) 8.5 9.0 (170.8) 17.8 124.2 23.2 (174.3) (49) (1.7) 54.8
Stock Repurchased (60.2) (63.3) (27.3) (124.8) (62.1) (56.5) (62.1) (75.6) (102.7) (52.4) (34.7) (53.4) (51.6) (52.6) (108.0) (104.8) (100.2) (153.2) (0.2) (13.1) (2.7) (2.9) (2.3) (57.5) (87.1) (42.9) (62.8) (130.3) (61.9) (49.7) (47.0) (70.3) (54.9) (70.7) (113.7) (50.5) (50.6) (75.6) (26.1) (50.0)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Financing Activities (7.2) 17.2 2.5 2.1 5.3 6.4 18.4 11.2 8.5 (1.3) 1.3 13.4 15.2 (1.1) (1.7) 0.6 4.0 (0.8) 8.9 11.8 7.0 (0.4) 13.8 (27.7) 3.3 12.4 13.0 2.7 2.7 1.9 6.2 2.8 (1.1) 0.7 2.9 (0.5) 0.5 5.4 2.9 (0.7)
Financing Cash Flow (71.8) (50.5) 365.8 (182.0) (59.9) 261.1 (46.1) (66.9) (96.6) (11.9) (34.3) (176.1) (38.7) (56.1) (112.1) (184.8) (208.0) (248.8) (319.9) (1.3) (245.7) (3.3) (138.5) 1,419.7 (83.7) (127.4) (102.9) 22.4 (164.2) (113.1) (32.3) (58.5) (226.8) (52.2) 13.4 (27.8) (224.3) (119.2) (25.0) 7.2
Cash Position
Net Change in Cash 648.4 (163.5) 376.5 (623.6) 136.9 197.9 (82.4) (183.0) 309.5 94.9 (18.1) (340.2) 444.0 (26.4) (172.1) (464.0) (94.3) (158.9) (186.3) 150.3 31.6 271.5 (411.3) 1,085.4 262.6 28.0 (7.8) (7.2) 26.9 (4.2) 6.6 (56.2) 85.2 15.4 3.1 (52.0) 48.8 2.3 2.4 7.2
Cash at Beginning 584.1 747.6 371.1 994.7 857.8 659.9 742.3 925.4 615.9 521.0 539.0 879.2 435.2 461.6 633.6 1,097.7 1,192.0 1,350.9 1,537.2 1,386.9 1,355.3 1,083.7 1,495.1 409.7 147.1 119.1 126.9 134.2 107.3 111.5 104.9 161.1 48.1 32.6 29.6 81.6 32.8 30.5 28.1 20.9
Cash at End 1,232.5 584.1 747.6 371.1 994.7 857.8 659.9 742.3 925.4 615.9 521.0 539.0 879.2 435.2 461.6 633.6 1,097.7 1,192.0 1,350.9 1,537.2 1,386.9 1,355.3 1,083.7 1,495.1 409.7 147.1 119.1 126.9 134.2 107.3 111.5 104.9 133.3 48.1 32.6 29.6 81.6 32.8 30.5 28.1
Free Cash Flow (62.1) 738.7 (11.6) (433.2) 187.6 565.4 (36.0) (115.9) 385.7 106.9 16.5 (178.2) 478.2 29.7 (83.4) (279.2) 110.8 90.1 127.5 151.7 277.3 275.4 (272.6) (334.2) 346.2 150.7 95.1 (29.6) 191.0 108.5 36.0 (0.2) 310.0 64.6 (11.3) (24.3) 266.1 121.7 27.2 (0.0)
Key Metrics 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
Income Statement
Revenue 3,647.4 2,710.4 2,705.1 2,504.0 3,277.1 2,530.7 2,465.5 2,361.6 3,126.4 2,289.3 2,174.8 2,137.0 2,744.3 2,040.7 1,987.9 1,929.7 2,609.0 2,304.0 2,215.9 2,193.3 2,282.9 1,667.2 1,012.3 801.5 2,208.6 1,781.6 1,662.0 1,634.2 1,998.1 1,641.0 1,504.7 1,524.7 1,944.3 1,444.6 1,369.0 1,352.2 1,692.3 1,349.0 1,260.7 1,288.9 1,555.6 1,230.9 1,144.2 1,183.1 1,499.6 1,157.3 1,043.6 1,128.3 1,348.0 1,064.5 963.7 1,065.0 1,330.2 967.9 871.7 990.0
Gross Profit 1,595.0 1,200.6 1,185.4 1,098.9 1,408.8 1,112.6 1,057.4 1,030.8 1,338.0 991.5 908.6 905.3 1,118.9 842.6 776.7 792.7 1,042.3 956.5 936.2 951.1 973.5 751.4 464.8 19.3 934.5 758.7 691.6 672.9 842.1 698.9 627.3 632.0 821.4 612.8 560.9 555.8 711.1 559.2 503.1 520.2 646.3 489.3 448.3 470.1 640.9 458.7 398.6 429.8 569.6 414.9 363.4 397.4 557.9 373.5 328.2 370.1
Operating Income 411.4 153.8 140.7 139.1 352.6 132.0 106.8 123.6 320.1 0 60.2 79.2 265.8 48.0 23.2 46.1 234.5 132.0 171.1 230.7 211.8 51.1 (81.2) (520.0) 284.1 122.3 107.5 104.9 252.2 107.1 91.3 113.2 242.6 81.8 75.0 87.0 202.4 61.6 51.4 71.3 209.3 72.8 66.4 92.0 195.8 61.4 47.6 82.0 175.3 49.9 (4.1) 33.6 142.1 5.6 (14.9) 23.0
Net Income 310.4 104.8 94.2 100.8 260.8 90.6 73.8 78.5 227.5 48.6 30.9 32.7 185.2 16.8 12.0 16.2 121.6 13.6 102.6 171.0 156.0 8.0 (46.8) (333.7) 206.3 96.5 84.6 77.8 184.4 76.8 71.0 82.6 240.7 44.9 46.9 52.4 125.6 32.4 20.4 37.5 98.8 15.1 10.9 25.7 94.9 (34.2) (6.5) 11.8 63.6 (16.9) (25.0) (5.6) 67.9 (7.4) (31.3) (3.9)
EPS (Diluted) 4.84 1.63 1.47 1.58 4.02 1.40 1.15 1.22 3.53 0.75 0.48 0.50 2.83 0.26 0.18 0.24 1.80 0.20 1.50 2.51 2.33 0.12 -0.71 -5.09 3.08 1.44 1.26 1.15 2.70 1.12 1.03 1.20 3.47 0.65 0.66 0.73 1.77 0.45 0.28 0.52 1.35 0.20 0.14 0.34 1.26 -0.46 -0.09 0.16 0.86 -0.23 -0.35 -0.08 0.95 -0.10 -0.44 -0.06
Balance Sheet
Cash & Equivalents 1,232.5 584.1 747.6 371.1 994.7 857.8 659.9 742.3 925.4 615.9 521.0 532.4 872.6 428.6 455.0 627.0 1,091.1 1,185.4 1,344.3 1,530.6 1,380.3 1,348.7 1,077.1 1,488.5 403.1 140.5 97.2 105.0 112.3 85.4 89.6 83.0 133.3 48.1 32.6 29.6 81.6 32.8 30.5 28.1
Total Assets 9,919.1 9,596.7 9,309.3 8,549.9 8,770.4 8,442.9 7,821.4 7,695.3 7,706.8 7,493.7 6,915.5 7,003.9 7,269.6 7,101.5 6,733.4 6,933.5 7,089.5 7,277.8 6,992.5 7,051.0 6,781.1 6,908.8 6,369.9 6,640.7 5,593.9 5,507.6 5,046.4 5,065.2 3,079.2 3,206.9 2,930.6 2,825.4 2,812.8 2,843.4 2,611.8 2,558.9 2,574.5 2,688.1 2,566.3 2,605.9
Total Debt 6,005.1 5,944.8 5,838.7 5,329.4 5,371.5 5,239.5 4,811.8 4,817.3 4,804.8 4,806.4 4,562.9 4,609.6 4,702.1 4,697.7 4,586.1 4,573.2 4,453.7 4,535.7 4,544.0 4,827.1 4,637.1 4,863.4 4,832.5 4,947.6 3,629.5 3,537.5 3,430.0 3,455.5 986.6 1,091.9 1,158.4 1,135.6 1,127.0 1,296.2 1,278.3 1,153.9 1,130.5 1,304.6 1,353.3 1,351.6
Stockholders' Equity 1,807.3 1,527.5 1,446.8 1,352.2 1,370.5 1,146.5 1,070.3 1,031.4 996.9 850.5 825.9 801.5 794.9 638.7 633.9 716.2 760.4 716.8 675.7 539.9 464.8 286.6 262.3 279.1 528.1 391.6 315.1 278.5 322.7 193.4 153.3 111.3 86.8 (110.5) (95.9) (40.9) (49.8) (135.4) (103.7) (105.2)
Cash Flow
Operating Cash Flow 937.5 143.3 179.4 (28.9) 543.2 110.4 160.4 49.4 598.5 240.4 107.8 (78.0) 586.8 162.4 19.4 (172.3) 224.8 181.5 203.5 223.4 336.1 356.1 (201.3) (271.7) 414.9 247.4 175.2 54.2 264.3 209.0 106.1 60.2 385.8 149.3 43.6 28.6 316.0 183.4 72.7 30.4
Capital Expenditure (999.6) 595.4 (191.1) (404.3) (355.6) 455.0 (196.4) (165.3) (212.8) (133.4) (91.3) (100.2) (108.6) (132.8) (102.8) (106.9) (114.0) (91.4) (76.0) (71.7) (58.8) (80.7) (71.3) (62.5) (68.7) (96.7) (80.1) (83.8) (73.3) (100.5) (70.1) (60.4) (75.7) (84.7) (54.9) (52.9) (49.9) (61.7) (45.5) (30.4)
Free Cash Flow (62.1) 738.7 (11.6) (433.2) 187.6 565.4 (36.0) (115.9) 385.7 106.9 16.5 (178.2) 478.2 29.7 (83.4) (279.2) 110.8 90.1 127.5 151.7 277.3 275.4 (272.6) (334.2) 346.2 150.7 95.1 (29.6) 191.0 108.5 36.0 (0.2) 310.0 64.6 (11.3) (24.3) 266.1 121.7 27.2 (0.0)