Carvana Co. logo CVNA - Carvana Co.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 21
HOLD 21
SELL 2
STRONG
SELL
1
| PRICE TARGET: $400.00 DETAILS
HIGH: $600.00
LOW: $88.00
MEDIAN: $500.00
CONSENSUS: $400.00
UPSIDE: 485.82%
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
Revenue
Revenue 6,432 5,603 5,647 4,840 4,232 3,547 3,655 3,410 3,061 2,424 2,773 2,968 2,606 2,837 3,386 3,884 3,497 3,753 3,480 3,336 2,245 1,826.4 1,544 1,118 1,098.2 1,103.6 1,094.9 986.2 755.2 584.8 534.9 475.3 360.4 265.1 225.4 209.4 159.1 106.8 98.8 86.5 73.0 42.5
Cost of Revenue 5,161 4,552 4,499 3,813 3,345 2,825 2,888 2,736 2,513 2,065 2,336 2,469 2,353 2,720 3,099 3,549 3,235 3,268 2,984 2,807 1,929 1,603.9 1,280 967 975.1 974.4 967.6 856.9 674.3 535.5 484.1 431.5 330.8 247.0 208.1 195.9 151.4 104.4 92.1 80.5 69.0 41.5
Gross Profit 1,271 1,051 1,148 1,027 887 722 767 674 548 359 437 499 253 117 287 335 262 485 496 529 316 222.5 264 151 123.1 129.2 127.3 129.4 80.9 49.3 50.9 43.8 29.6 18.1 17.3 13.5 7.7 2.4 6.8 6.0 4.0 1.1
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 0 0
SG&A Expenses 690 627 595 551 535 329 469 455 456 256 433 452 468 379 656 721 707 589 546 470 397 342.7 271 240 276 241.7 211.1 185.6 159.0 130.7 110.2 96.8 84.2 67.8 59.3 52.6 46.5 36.7 28.0 23.3 20.6 13.7
Other Expenses 0 0 1 (37) (42) 124 (40) (41) (43) 140 (45) 5 (84) 177 (72) (61) (16) 0 (27) (23) (22) (21.3) 0 0 (15.6) (13.4) (13.4) (12.2) (11.4) (6.8) (0.9) (6.4) (5.6) (4.8) (3.7) (3.2) (2.7) 0 0 0 0 0.1
Operating Expenses 690 627 596 514 493 453 429 414 413 396 388 457 384 556 584 660 691 589 519 447 375 321.4 271 240 260.4 228.3 197.7 173.4 147.6 123.8 109.3 90.4 78.6 63.0 55.6 49.4 43.8 36.7 28.0 23.3 20.6 13.8
Operating Income
Operating Income 581 424 552 513 394 269 338 260 135 (37) 49 42 (131) (439) (297) (325) (429) (104) (23) 82 (59) (98.8) (7) (89) (137.3) (99.1) (70.4) (44.0) (66.7) (74.5) (58.5) (46.6) (49.0) (44.9) (38.3) (36.0) (36.2) (34.3) (21.2) (17.3) (16.7) (12.6)
Interest Expense 99 98 125 143 139 148 157 173 173 165 153 155 159 153 153 116 64 55 48 43 30 62.5 20.3 19.9 28.9 24.7 21.0 19.3 15.6 11.7 5.6 4.2 3.5 2.3 0.8 2.5 2.1 1.4 0.7 0.8 0.7 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4
Profitability
EBITDA 650 (1,665) 449 519 587 378 377 298 303 45 1,010 140 (36) (1,206) (277) (257) (405) (94) 8 112 (30) (70.5) 12 (72) (138.9) (87.3) (60.6) (35.9) (58.9) (67.5) (52.3) (41.8) (44.5) (41.2) (35.8) (33.8) (34.3) (32.7) (20.1) (16.4) (15.7) (11.7)
EBIT 581 (1,734) 384 451 514 304 304 222 221 (37) 923 50 (129) (1,288) (355) (322) (442) (126) (20) 88 (52) (92.2) (7) (89) (154.7) (101.1) (71.3) (44.7) (66.9) (74.7) (58.8) (47.1) (49.1) (45.0) (38.9) (36.4) (36.4) (34.3) (21.3) (17.3) (16.6) (12.6)
Income Before Tax 441 (1,832) 259 308 375 156 147 49 48 (202) 770 (105) (288) (1,441) (508) (438) (506) (181) (68) 45 (82) (154.7) (18) (106) (183.6) (125.7) (92.2) (64.1) (82.6) (86.4) (64.4) (51.2) (52.7) (47.2) (39.8) (38.9) (38.4) (35.7) (22.0) (18.1) (17.3) (13.1)
Income Tax Expense 36 (2,783) (4) 0 2 (3) (1) 1 (1) (2) 29 0 (2) 0 0 1 0 1 0 0 0 (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.5
Net Income 405 857 151 183 216 79 85 18 28 (114) 782 (58) (160) (806) (283) (238) (260) (89) (32) 22 (36) (63.3) (7) (41) (59.9) (41.1) (30.1) (20.3) (23.1) (22.4) (16.0) (10.0) (7.0) (5.5) (4.4) (4.3) (38.4) (35.7) (22.0) (18.1) (17.3) (16.6)
Per Share Data
EPS (Basic) 0.35 1.90 0.22 0.27 0.32 0.12 0.14 0.03 0.05 -0.20 1.41 -0.11 -0.30 -1.52 -0.53 -0.47 -0.58 -0.20 -0.08 0.05 -0.09 -0.17 -0.02 -0.12 -0.24 -0.16 -0.12 -0.09 -0.11 -0.12 -0.10 -0.08 -0.11 -0.65 -0.06 -0.06 -0.61 -1.16 -0.29 -0.24 -1.29 -1.11
EPS (Diluted) 0.34 1.19 0.21 0.26 0.30 0.11 0.13 0.03 0.05 -0.20 0.76 -0.11 -0.30 -1.52 -0.53 -0.47 -0.58 -0.20 -0.08 0.05 -0.09 -0.17 -0.02 -0.12 -0.24 -0.16 -0.12 -0.09 -0.11 -0.12 -0.10 -0.08 -0.11 -0.65 -0.06 -0.06 -0.61 -1.16 -0.29 -0.24 -1.29 -1.11
Shares Outstanding 713.7 708.7 696.1 677.1 670.3 650.8 619.4 594.6 581.5 570.5 554.2 531.1 530.1 529.5 529.3 507.2 450.5 434.7 423.9 407.0 390.5 366.0 350.0 331.6 252.0 251.1 248.9 230.2 206.8 197.0 173.3 138.9 91.7 79.5 75.2 75.1 75 75 75 75 15 15
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 Q1
Current Assets
Cash & Cash Equivalents 2,410 2,327 2,221 1,857 1,858 1,716 871 542 252 530 616 541 488 434 316 1,047 247 403 297 201 370 301 173.7 246.3 72.4 76.0 94.9 40.2 85.3 78.9 439.8 199.2 121.5 172.7 103.5 144.4 8.3 39.2 80.4 (43.1)
Short-Term Investments 0 0 486 466 475 464 463 421 388 366 371 335 312 321 350 401 416 382 312 239 177 131 112.1 116.6 118.9 98.8 75.8 45.2 19.5 0 0 0 0 0 0 0 0 0 0 86.3
Net Receivables 339 245 1,076 325 373 303 367 349 351 266 968 340 342 253 359 428 208 206 178 185 118 79 82.9 45.5 26.6 39.9 59.0 42.1 38.2 33.1 23.5 23.6 21.0 14.1 11.6 13.8 8.0 5.7 3.9 0
Inventory 2,664 2,408 2,316 2,023 1,503 1,608 1,305 1,221 1,162 1,150 1,085 1,302 1,485 1,876 2,577 2,865 3,304 3,149 2,285 1,974 1,439 1,036 967.5 629.4 844.7 762.7 629.8 606.5 525.7 412.2 339.0 303.0 299.8 227.4 192.2 174.4 199.9 185.5 130.4 0
Other Current Assets 1,784 1,569 166 1,002 928 778 759 944 1,079 1,009 146 1,394 1,989 1,710 867 750 895 752 618 646 524 376 410.8 533.7 331.0 382.1 238.3 223.5 208.1 138.6 133.1 117.7 99.1 75.5 58.9 44.3 49.0 44.9 23.2 0
Total Current Assets 7,197 6,549 6,265 5,673 5,137 4,869 3,765 3,477 3,232 3,321 3,186 3,912 4,616 4,594 4,469 5,491 5,070 4,892 3,690 3,245 2,628 1,923 1,747.1 1,571.5 1,393.6 1,359.4 1,098.0 957.5 876.8 662.9 935.4 643.5 541.3 489.7 366.2 376.9 265.2 275.2 237.8 43.1
Non-Current Assets
Property, Plant & Equipment 3,252 3,257 3,165 3,152 3,173 3,213 3,278 3,333 3,366 3,437 3,524 3,615 3,714 3,780 4,015 3,920 2,331 1,929 1,606 1,262 1,138 1,065 941.8 871.1 815.2 666.9 552.5 483.8 431.2 296.8 251.9 217.4 176.3 148.7 126.0 106.1 81.0 60.6 40.4 0
Goodwill 10 10 3 2 2 0 0 0 0 0 0 0 0 0 847 847 9 9 9 9 9 9 9.4 9.4 9.4 9.4 9.4 9.4 9.4 9.4 9.4 6.9 0 0 0 0 0 0 0 0
Intangible Assets 49 47 35 32 35 34 39 43 48 52 56 61 65 70 76 82 4 4 5 5 5 6 6.0 6.3 6.7 7.2 7.7 8.1 8.5 8.9 9.2 9.6 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 2 0 0 0 3 4 8 7 6 7 0 5.0 10.6 0 6.3 0 15.6 0.1 1.9 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 232 274 385 507 531 368 286 317 337 261 259 259 251 254 214 159 167 173 43 54 32 32 23.5 7.9 14.4 8.5 16.8 0 12.4 11.2 6.2 4.4 3.2 2.7 3.0 1.9 2.9 0 0 (43.1)
Total Non-Current Assets 6,574 6,652 3,588 3,693 3,741 3,615 3,603 3,693 3,751 3,750 3,839 3,937 4,030 4,104 5,152 5,011 2,515 2,123 1,670 1,336 1,191 1,112 985.7 905.3 845.6 698.3 586.4 516.9 461.6 328.2 276.7 238.3 179.4 151.4 129.0 108.0 83.8 60.6 40.4 (43.1)
Total Assets 13,771 13,201 9,853 9,366 8,878 8,484 7,368 7,170 6,983 7,071 7,025 7,849 8,646 8,698 9,621 10,502 7,585 7,015 5,360 4,581 3,819 3,035 2,732.8 2,476.8 2,239.2 2,057.7 1,684.3 1,474.4 1,338.4 991.0 1,212.1 881.8 720.7 641.1 495.2 484.9 349.0 335.8 278.2 0
Current Liabilities
Account Payables 0 0 291 257 204 236 231 275 272 231 251 249 251 216 292 294 154 114 200 154 143 67 96.5 70.0 56.0 54.0 45.3 55.8 44.1 29.1 29.0 24.0 15.9 10.5 11.5 7.1 7.8 6.2 19.9 0
Short-Term Debt 229 227 536 384 372 376 285 275 469 857 714 1,360 1,904 1,735 788 1,330 2,964 2,205 529 751 191 105 181.3 83.5 865.5 617.6 302.4 60.4 450.1 208.1 357.2 353.8 354.7 253.9 198.5 168.7 191.1 166.4 88.8 0
Deferred Revenue 0 0 0 46 57 63 50 49 39 30 0 39 34 23 33 37 37 34 32 23 17 17 17.5 8.9 6.2 6.4 6.5 4.5 0 2.9 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,532 1,292 634 259 325 273 251 227 227 181 339 138 213 205 217 214 168 118 142 134 109 79.1 70.1 63.8 50.3 54.3 43.9 43.7 34.6 24.8 17.5 9.1 4.2 9.6 2.4 3.4 2.0 3.4 0 0
Total Current Liabilities 1,761 1,519 1,548 1,417 1,347 1,338 1,159 1,118 1,274 1,536 1,395 2,179 2,850 2,592 1,878 2,368 3,741 2,890 1,261 1,333 696 467.1 548.8 373.3 1,128.4 864.9 507.5 249.8 630.0 329.5 457.6 438.8 419.8 306.0 244.4 203.8 224.6 196.4 108.6 0
Non-Current Liabilities
Long-Term Debt 392 406 4,672 5,323 5,269 5,256 5,431 5,428 5,544 5,416 5,037 6,542 6,553 6,574 6,616 6,605 3,286 3,208 3,134 2,327 2,254 1,617 1,080.9 965.7 936.1 883.1 776.6 743.1 479.0 425.3 438.7 76.9 66.8 48.5 16.4 10.3 25.5 4.4 1.8 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 0
Other Non-Current Liabilities 6,986 7,073 142 107 87 101 63 65 52 70 77 68 72 78 84 25 32 31 1 1 1 1 1.5 1.6 1.7 1.8 1.8 1.8 1.8 8.7 9.1 7.0 7.2 7.1 6.9 5.3 2.3 0 240.9 2.8
Total Non-Current Liabilities 7,378 7,479 5,354 5,832 5,758 5,771 5,923 5,937 6,020 5,919 5,832 7,076 7,118 7,159 7,369 7,270 3,792 3,600 3,391 2,478 2,402 1,765.9 1,222.4 1,130.5 1,097.6 1,000.9 865.7 830.8 555.5 434.1 447.7 83.8 74.0 55.6 23.3 15.6 27.7 4.4 242.7 2.8
Total Liabilities 9,139 8,998 6,902 7,249 7,105 7,109 7,082 7,055 7,294 7,455 7,227 9,255 9,968 9,751 9,247 9,638 7,533 6,490 4,652 3,811 3,098 2,233.0 1,771.2 1,503.7 2,226.0 1,865.8 1,373.1 1,080.6 1,185.6 763.6 905.3 522.7 493.8 361.6 267.7 219.5 252.3 200.8 351.3 2.8
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 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 59.7 59.7 (73.1) 0
Retained Earnings 241 (9) (866) (1,017) (1,200) (1,416) (1,495) (1,580) (1,598) (1,626) (1,512) (2,294) (2,236) (2,076) (1,270) (987) (749) (489) (400) (368) (390) (354.2) (290.8) (283.8) (242.9) (183.0) (168.8) (129.8) (103.2) (74.7) (45.9) (29.9) (19.9) (12.9) (7.4) (3.0) (221.2) (175.6) 0 0
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (98.5) 0 (97.1) 0 0 0 (251.0) 0 (2.8)
Total Stockholders' Equity 3,720 3,441 2,279 1,730 1,504 1,260 611 526 289 243 339 (697) (660) (518) 274 539 80 306 385 403 365 387.6 430.5 426.0 43.1 98.1 105.5 133.7 54.8 73.4 109.1 163.7 120.3 125.7 28.2 31.2 96.7 135.0 (73.1) (2.8)
Total Liabilities & Equity 13,771 13,201 9,853 9,366 8,878 8,484 7,368 7,170 6,983 7,071 7,025 7,849 8,646 8,698 9,621 10,502 7,585 7,015 5,360 4,581 3,819 3,034.5 2,732.8 2,476.8 2,239.2 2,057.7 1,684.3 1,474.4 1,338.4 991.0 1,212.1 881.8 720.7 641.1 495.2 484.9 349.0 335.8 278.2 (2.8)
Debt Metrics
Total Debt 621 633 5,748 6,109 6,043 6,046 6,145 6,147 6,437 6,706 6,469 8,371 8,950 8,816 8,073 8,575 6,724 5,774 3,919 3,228 2,592 1,870 1,402.2 1,212.3 1,961.4 1,616.7 1,166.3 889.3 1,003.8 633.4 795.9 430.6 421.5 302.4 214.8 179.0 216.6 170.8 90.5 0
Net Debt (1,789) (1,694) 3,527 4,252 4,185 4,330 5,274 5,605 6,185 6,176 5,853 7,830 8,462 8,382 7,757 7,528 6,477 5,371 3,622 3,027 2,222 1,569 1,228.5 966.0 1,888.9 1,540.7 1,071.3 849.1 918.5 554.6 356.1 231.4 300.0 129.7 111.4 34.6 208.3 131.6 10.2 43.1
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 405 857 263 308 373 159 148 18 28 (200) 741 (105) (286) (1,441) (508) (439) (506) (182) (68) 45 (82) (154.6) (17.7) (106.3) (183.6) (125.7) (92.2) (64.1) (82.6) (86.4) (64.4) (51.2) (52.7) (47.2) (39.8) (38.9) (38.4) (35.7) (22.0) (18.1) (17.3)
Depreciation & Amortization 69 69 65 68 73 74 73 76 82 82 87 90 93 82 78 64 37 33 26 24 22 21.7 18.6 17.6 15.8 13.8 10.7 8.9 7.9 7.2 6.4 5.3 4.6 3.8 3.1 2.6 2.1 1.6 1.2 1.0 0.9
Stock-Based Compensation 26 0 24 27 23 22 24 23 22 21 18 19 15 12 15 14 28 11 10 10 8 7.1 5.9 6.2 5.9 7.7 9.6 8.0 7.7 6.1 13.9 2.6 1.5 1.6 1.9 1.9 0.2 0.1 0.1 0.1 0.1
Change in Working Capital (144) 60 (153) (415) 28 (84) (103) 8 2 (93) 203 57 397 596 358 495 (56) (978) (225) (563) (316) (88.3) (313.6) 237.6 (68.7) (87.2) (33.6) (86.9) (83.8) (60.8) (28.8) 10.6 (67.8) (34.0) (6.4) 24.3 (17.0) (49.1) (23.7) (24.4) (32.5)
Other Non-Cash Items (284) 2,228 146 41 (265) (111) 261 229 (33) (5) (479) 433 (285) 12 (41) (28) (96) (85) (36) (129) (165) 8.1 31.3 (169.0) 56.6 (137.3) (38.7) 51.2 (65.2) (17.2) (12.0) (15.9) (17.8) (8.8) (14.1) 1.1 (0.1) (24.0) (0.4) (1.0) (11.5)
Operating Cash Flow 107 430 345 29 232 60 403 354 101 (239) 599 509 (66) (739) (98) 106 (593) (1,172) (283) (607) (532) (161.7) (271.3) (7.0) (168.5) (322.5) (139.8) (80.3) (214.5) (150.5) (84.4) (48.0) (131.4) (83.9) (54.7) (8.4) (52.9) (95.4) (44.2) (42.2) (58.4)
Investing Activities
Capital Expenditure (51) (51) (38) (31) (27) (24) (27) (22) (18) (18) (19) (18) (32) (61) (90) (141) (220) (167) (196) (112) (82) (90) (99) (81) (90) (79.2) (63.2) (44.9) (43.2) (36.4) (33.8) (45.4) (28.0) (19.1) (16.8) (24.0) (18.6) (18.5) (8.3) (5.9) (6.8)
Acquisitions (11) (109) (27) 0 (24) 0 1 3 5 14 25 21 (7) (7) 0 (2,189) 0 0 0 0 0 0 0 0 0 0 0 0 0 (6.7) 0 (6.7) 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 (27) (35) (43) (8) (9) 0 (13) 0 (126) 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 31 30 (12) 12 0 0 0 21 20 13 10 22 8 9 47 13 12 18 18 13 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 31 0 16 17 11 0 0 27 35 43 20 53 0 13 0 0 0 0 0 5.1 4.5 2.5 1.3 0.2 1.5 1.1 0 6.7 0 0 0 (2.7) (1.4) 1.1 (1.2) (5.9) (0.7) 0.2 (1.8)
Investing Cash Flow (31) (130) (46) (19) (35) (7) (15) 2 7 9 16 25 (19) (15) (43) (2,317) (208) (275) (178) (99) (75) (84.2) (94.5) (78.5) (88.7) (78.9) (61.8) (43.8) (43.2) (36.4) (33.8) (52.1) (28.0) (21.8) (18.2) (22.9) (19.8) (24.4) (9.0) (5.7) (8.6)
Financing Activities
Net Debt Issuance 54 (93) (552) 10 (34) (128) (61) (424) (374) 228 (1,069) (549) 151 905 (569) 1,698 717 1,696 573 612 709 410.4 205 (751.8) 289 416.5 269.9 (230.5) 276.6 (176.2) 366.8 7.1 114.0 77.7 32.4 (40.3) 44.2 76.8 13.8 (4.3) 36.5
Stock Repurchased 0 0 0 0 0 0 (2) 0 0 (3) 0 (2) 0 0 0 0 0 (15) (8) (8) (9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (0.3) (1.4) (1.4) (1.5) 0 0 0 0 0 0 0 0
Other Financing Activities (48) (9) (8) (11) (24) (14) 0 (2) (1) (17) (60) 0 0 0 (14) (57) (12) (2) (10) (3) (7) (32.2) (11.3) (3.1) (5.4) (5.3) (3.0) (8.0) (1) (6.2) (7.0) (0.3) (0.2) (1.3) (0.4) 0 (1) (0.9) (0.0) 100.0 (0.2)
Financing Cash Flow 7 (92) (8) 16 (53) 775 (63) (76) (375) 208 (676) (551) 151 905 (579) 2,866 707 1,679 555 601 693 378.7 195.8 306.7 283.7 411.4 267.7 59.5 276.1 (182.7) 358.9 177.7 112.3 174.9 32.0 167.4 41.8 78.6 73.4 95.6 36.2
Cash Position
Net Change in Cash 83 208 291 26 144 828 325 280 (267) (22) (61) (17) 66 151 (720) 655 (94) 232 94 (105) 86 132.8 (170.0) 221.3 26.6 10.0 66.1 (64.7) 18.3 (369.6) 240.7 77.6 (47.2) 69.2 (41.0) 136.1 (30.9) (41.2) 20.3 47.7 (30.8)
Cash at Beginning 2,429 2,221 1,930 1,904 1,760 932 607 327 594 616 677 694 628 477 1,197 542 636 404 310 415 329 196.3 366.3 145.0 118.5 108.5 42.4 107.1 88.7 458.3 217.5 139.9 187.1 103.5 144.4 8.3 39.2 80.4 60.1 12.4 43.1
Cash at End 2,512 2,429 2,221 1,930 1,904 1,760 932 607 327 594 616 677 694 628 477 1,197 542 636 404 310 415 329.1 196.3 366.3 145.0 118.5 108.5 42.4 107.1 88.7 458.3 217.5 139.9 172.7 103.5 144.4 8.3 39.2 80.4 60.1 12.4
Free Cash Flow 56 379 307 (2) 205 36 376 332 83 (257) 580 491 (98) (800) (188) (35) (813) (1,339) (479) (719) (614) (251.7) (370.3) (88.0) (258.5) (401.6) (203.1) (125.3) (257.7) (186.9) (118.2) (93.5) (159.5) (103.0) (71.6) (32.4) (71.4) (114.0) (52.5) (48.1) (65.2)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4
Income Statement
Revenue 6,432 5,603 5,647 4,840 4,232 3,547 3,655 3,410 3,061 2,424 2,773 2,968 2,606 2,837 3,386 3,884 3,497 3,753 3,480 3,336 2,245 1,826.4 1,544 1,118 1,098.2 1,103.6 1,094.9 986.2 755.2 584.8 534.9 475.3 360.4 265.1 225.4 209.4 159.1 106.8 98.8 86.5 73.0 42.5
Gross Profit 1,271 1,051 1,148 1,027 887 722 767 674 548 359 437 499 253 117 287 335 262 485 496 529 316 222.5 264 151 123.1 129.2 127.3 129.4 80.9 49.3 50.9 43.8 29.6 18.1 17.3 13.5 7.7 2.4 6.8 6.0 4.0 1.1
Operating Income 581 424 552 513 394 269 338 260 135 (37) 49 42 (131) (439) (297) (325) (429) (104) (23) 82 (59) (98.8) (7) (89) (137.3) (99.1) (70.4) (44.0) (66.7) (74.5) (58.5) (46.6) (49.0) (44.9) (38.3) (36.0) (36.2) (34.3) (21.2) (17.3) (16.7) (12.6)
Net Income 405 857 151 183 216 79 85 18 28 (114) 782 (58) (160) (806) (283) (238) (260) (89) (32) 22 (36) (63.3) (7) (41) (59.9) (41.1) (30.1) (20.3) (23.1) (22.4) (16.0) (10.0) (7.0) (5.5) (4.4) (4.3) (38.4) (35.7) (22.0) (18.1) (17.3) (16.6)
EPS (Diluted) 0.34 1.19 0.21 0.26 0.30 0.11 0.13 0.03 0.05 -0.20 0.76 -0.11 -0.30 -1.52 -0.53 -0.47 -0.58 -0.20 -0.08 0.05 -0.09 -0.17 -0.02 -0.12 -0.24 -0.16 -0.12 -0.09 -0.11 -0.12 -0.10 -0.08 -0.11 -0.65 -0.06 -0.06 -0.61 -1.16 -0.29 -0.24 -1.29 -1.11
Balance Sheet
Cash & Equivalents 2,410 2,327 2,221 1,857 1,858 1,716 871 542 252 530 616 541 488 434 316 1,047 247 403 297 201 370 301 173.7 246.3 72.4 76.0 94.9 40.2 85.3 78.9 439.8 199.2 121.5 172.7 103.5 144.4 8.3 39.2 80.4 (43.1)
Total Assets 13,771 13,201 9,853 9,366 8,878 8,484 7,368 7,170 6,983 7,071 7,025 7,849 8,646 8,698 9,621 10,502 7,585 7,015 5,360 4,581 3,819 3,035 2,732.8 2,476.8 2,239.2 2,057.7 1,684.3 1,474.4 1,338.4 991.0 1,212.1 881.8 720.7 641.1 495.2 484.9 349.0 335.8 278.2 0
Total Debt 621 633 5,748 6,109 6,043 6,046 6,145 6,147 6,437 6,706 6,469 8,371 8,950 8,816 8,073 8,575 6,724 5,774 3,919 3,228 2,592 1,870 1,402.2 1,212.3 1,961.4 1,616.7 1,166.3 889.3 1,003.8 633.4 795.9 430.6 421.5 302.4 214.8 179.0 216.6 170.8 90.5 0
Stockholders' Equity 3,720 3,441 2,279 1,730 1,504 1,260 611 526 289 243 339 (697) (660) (518) 274 539 80 306 385 403 365 387.6 430.5 426.0 43.1 98.1 105.5 133.7 54.8 73.4 109.1 163.7 120.3 125.7 28.2 31.2 96.7 135.0 (73.1) (2.8)
Cash Flow
Operating Cash Flow 107 430 345 29 232 60 403 354 101 (239) 599 509 (66) (739) (98) 106 (593) (1,172) (283) (607) (532) (161.7) (271.3) (7.0) (168.5) (322.5) (139.8) (80.3) (214.5) (150.5) (84.4) (48.0) (131.4) (83.9) (54.7) (8.4) (52.9) (95.4) (44.2) (42.2) (58.4)
Capital Expenditure (51) (51) (38) (31) (27) (24) (27) (22) (18) (18) (19) (18) (32) (61) (90) (141) (220) (167) (196) (112) (82) (90) (99) (81) (90) (79.2) (63.2) (44.9) (43.2) (36.4) (33.8) (45.4) (28.0) (19.1) (16.8) (24.0) (18.6) (18.5) (8.3) (5.9) (6.8)
Free Cash Flow 56 379 307 (2) 205 36 376 332 83 (257) 580 491 (98) (800) (188) (35) (813) (1,339) (479) (719) (614) (251.7) (370.3) (88.0) (258.5) (401.6) (203.1) (125.3) (257.7) (186.9) (118.2) (93.5) (159.5) (103.0) (71.6) (32.4) (71.4) (114.0) (52.5) (48.1) (65.2)