Ellington Financial Inc. logo EFC - Ellington Financial Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $13.50 DETAILS
HIGH: $14.00
LOW: $13.00
MEDIAN: $13.50
CONSENSUS: $13.50
UPSIDE: 0.07%
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
Revenue
Revenue 228.8 147.4 123.0 86.3 72.3 66.1 60.9 85.3 69.8 79.0 48.8 54.4 74.3 116.1 6.2 (36.9) 7.3 19.6 26.7 29.9 45.7 56.1 48.2 45.4 (114.6) 21.8 21.8 20.0 22.2 7.6 14.1 28.4 26.3 14.7 10.6 9.6 19.3 6.5 4.9 9.6 (19.1) 6.4 7.4 16.4 22.7 6.8 16.4 24.3 25.2 17.0 13.8 13.7 42.4 9.6 30.9 12.2 33.5 4.2 1.8 1.7 14.8 17.7 21.6 7.0 11.2 18.3 41.6 47.4 17.1 (12.8) 4.3 20.4 (3.4)
Cost of Revenue 26.9 25.1 24.0 0 0 0 0 0 0 0 0 0 0 15.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.4 0.2 0.2 0 0 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 201.9 122.3 99.0 86.3 72.3 66.1 60.9 85.3 69.8 79.0 48.8 54.4 74.3 101.0 6.2 (36.9) 7.3 19.6 26.7 29.9 45.7 56.1 48.2 45.4 (114.6) 21.8 21.8 20.0 22.2 7.6 11.8 28.2 26.1 14.7 10.6 9.4 19.1 6.4 4.6 9.3 (19.4) 6.0 7.0 16.0 22.4 6.5 16.1 24.1 24.9 16.7 13.5 13.4 42.1 9.4 30.6 12.2 33.5 4.2 1.8 1.7 14.8 17.7 21.6 7.0 11.2 18.3 41.6 47.4 17.1 (12.8) 4.3 20.4 (3.4)
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
SG&A Expenses 0 (44.8) 20.5 20.0 17.4 18.6 17.6 15.0 14.5 23.6 14.6 17.2 13.1 14.4 5.6 4.8 5.4 6.9 4.6 4.5 5.0 4.5 4.0 3.5 4.5 4.8 3.2 3.5 4.0 4.3 3.8 3.8 3.0 0.2 2.4 2.6 2.1 4.2 3.8 4.0 3.6 4.0 3.1 2.8 2.9 3.9 2.9 2.8 2.0 1.5 1.4 1.5 1.3 (15.5) 1.1 1.1 1.0 2.3 2.5 2.6 3.2 4.0 5.1 2.8 3.2 2.9 10.8 10.8 1.8 1.8 2.0 3.8 1.7
Other Expenses 37.8 62.3 (20.4) 30.8 24.0 27.3 27.3 22.1 23.4 38.5 19.9 20.5 19.9 (6.3) 4.9 4.3 9.9 4.2 2.7 4.4 4.1 4.5 3.5 5.5 3.3 0 0 0 0 0 0 0 0 1.1 (1.3) (3.0) 4.0 (7.1) (5.8) (3.5) (35.0) (11.6) (13.6) (4.5) 1.9 (16.3) 0.5 8.2 8.8 2.6 (2.6) (0.5) 30.2 0 28.8 1.9 21.1 (4.8) (5.5) (5.6) (6.9) (8.5) (10.7) (6.0) (6.9) (8.3) (22.3) (22.2) (4.6) (4.3) (4.4) (8.0) (3.6)
Operating Expenses 37.8 17.5 0.2 50.8 41.4 45.9 44.9 37.2 37.9 62.1 34.6 37.7 32.9 8.1 10.5 9.1 15.3 11.1 7.3 8.9 9.1 9.0 7.5 9.0 7.8 4.8 5.9 8.3 7.5 8.7 6.6 6.2 4.9 6.5 4.1 4.1 3.5 4.6 4.3 4.6 4.1 4.5 3.5 3.1 3.3 4.0 3.2 3.1 2.4 1.9 1.9 2.0 1.6 1.7 1.3 1.4 1.4 (2.5) (3.0) (3.0) (3.7) (4.5) (5.6) (3.2) (3.6) (5.4) (11.4) (11.3) (2.8) (2.5) (2.4) (4.1) (1.8)
Operating Income
Operating Income 164.0 104.8 98.9 35.5 30.9 20.2 16.1 48.2 31.9 16.9 14.3 16.7 41.3 92.9 (4.3) (46.0) (8.0) 8.5 19.4 21.0 36.6 47.1 40.8 36.3 (122.4) 17.0 17.3 13.0 15.4 (2.2) 6.7 21.3 20.7 7.4 6.2 5.1 15.1 1.7 0.5 5.0 (23.3) 1.8 3.9 13.2 19.3 2.6 13.0 21.1 22.6 14.9 11.7 11.6 40.3 24.8 29.5 10.8 32.1 1.7 (1.2) (1.3) 11.1 13.2 16.0 3.7 7.6 12.9 30.1 36.0 14.3 (15.3) 1.9 16.3 (5.3)
Interest Expense 88.2 86.6 73.1 72.1 72.7 68.6 73.7 66.9 70.5 70.7 68.7 0 0 0 42.1 26.0 14.0 10.9 10.6 11.2 11.3 12.0 12.9 14.7 22.1 0 20.0 19.7 17.6 16.1 15.7 13.4 11.6 9.3 8.2 7.6 6.0 4.5 4.1 4.2 3.5 3.2 3.1 2.9 3.0 2.7 2.2 2.4 2.6 3.0 3.3 2.6 2.1 2.0 1.9 2.0 1.8 1.9 1.6 1.6 1.5 1.2 0.9 0.9 0.8 0.9 0.6 0.4 0.6 2.2 2.3 1.3 0.4
Interest Income 149.5 140.3 122.8 115.5 115.9 106.7 107.3 100.5 101.5 98.7 96.2 24.7 27.6 30.2 78.6 62.7 51.1 49.4 40.1 45.9 40.1 39.1 43.1 39.3 52.1 0 40.0 38.5 36.0 35.7 35.3 31.9 28.1 23.8 21.1 21.8 22.9 18.3 16.7 19.0 20.4 23.1 26.4 25.7 26.5 28.5 22.5 21.0 21.5 23.0 24.1 20.3 18.4 16.7 15.4 16.0 15.7 15.4 15.6 16.7 15.8 12.1 10.9 10.8 11.9 14.5 14.3 13.3 9.7 7.9 9.1 6.8 6.1
Profitability
EBITDA 196.7 123.0 111.9 0 0 0 0 0 0 0 0 0 0 83.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.8 0 0 0 (1.2) 0 0 0 1.7 0 0 0 1.8 0 0 0 0 0 0 0 46.9 0 (18.0) 0 27.9 0 0 0 1.7 0 0 0 13.2 16.0 0 0 12.9 0 0 0 (15.3) 0 16.3 (5.3)
EBIT 196.7 123.0 111.9 0 0 0 0 0 0 0 0 0 0 83.6 0 0 0 0 0 0 0 0 0 0 0 0 26.0 18.1 14.6 15.0 8.0 25.3 19.5 7.0 4.4 13.1 14.9 5.5 4.7 9.2 (43.2) 5.0 7 16.1 22.4 3.4 15.3 23.6 25.5 16.0 15.1 14.3 (4.6) 26.8 3.8 2.8 (2.3) 0 2.6 2.5 2.7 39.5 0 1.7 1.5 0 2.4 3.7 1.9 0 0.9 0 0
Income Before Tax 108.5 24.0 38.8 52.5 39.2 31.1 23.3 60.2 34.1 19.5 13.3 10.8 44.8 24.0 (29.8) (69.3) (13.5) 38.8 22.0 39.6 43.3 74.5 52.2 42.0 (122.4) 15.5 15.9 11.7 14.7 (1.1) 7.5 22.2 21.3 8.2 6.6 5.4 15.7 1.9 0.6 5.0 (23.2) 1.9 3.9 13.2 19.4 2.8 13.1 21.2 22.8 15.1 11.8 11.7 40.7 24.8 29.5 10.8 32.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax Expense 1.0 1.4 1.1 1.5 (0.1) 0.4 0.0 0.1 0.1 0.1 0.2 0.1 0.0 (2.9) (0.1) (7.8) (7.0) (0.0) (2.0) 3.1 2.0 7.9 2.5 1.5 (0.5) 1.2 0.0 0.4 (0.7) 1.1 0.8 0.8 0.6 0.8 0.4 0.3 0.7 0 0.0 (0.0) 0.2 0.1 0.0 (0.0) 0.2 0.1 0.1 0.1 0.2 0 0.1 0.1 0.4 24.8 29.5 0 0 (1.7) 0 0 0 (13.2) (16.0) 0 0 (12.9) 0 0 0 15.3 0 (16.3) 5.3
Net Income 105.3 21.6 36.6 50.0 38.7 30.1 23.0 59.2 33.6 18.6 12.6 8.9 44.0 26.6 (29.5) (61.1) (6.1) 36.6 22.5 34.6 39.8 65.1 48.1 39.2 (127.5) 12.6 17.3 12.6 15.4 (2.2) 6.7 21.3 20.7 7.4 6.2 5.1 15.1 1.7 0.5 5.0 (23.3) 1.8 3.9 13.2 19.3 2.6 13.0 21.1 22.6 14.9 11.7 11.6 40.3 24.8 29.5 10.8 32.1 1.7 (1.2) (1.3) 11.1 13.2 16.0 3.7 7.6 12.9 30.1 36.0 14.3 (15.3) 1.9 16.3 (5.3)
Per Share Data
EPS (Basic) 0.78 0.14 0.29 0.45 0.35 0.25 0.19 0.62 0.32 0.18 0.10 0.04 0.58 0.59 -0.07 -1.08 -0.17 0.61 0.41 0.75 0.86 1.44 1.06 0.85 -3.04 0.31 0.53 0.43 0.52 -0.07 0.22 0.69 0.67 0.23 0.19 0.16 0.47 0.05 0.02 0.15 -0.71 0.05 0.12 0.39 0.57 0.08 0.46 0.81 0.88 0.58 0.45 0.49 1.94 1.19 1.59 0.64 1.90 0.10 -0.07 -0.08 0.66 0.83 1.30 0.30 0.61 1.05 2.45 3.00 1.20 -1.28 0.16 1.36 -0.44
EPS (Diluted) 0.78 0.14 0.29 0.45 0.35 0.25 0.18 0.62 0.32 0.17 0.10 0.04 0.58 0.58 -0.07 -1.08 -0.17 0.61 0.41 0.75 0.86 1.44 1.06 0.85 -3.04 0.31 0.53 0.43 0.52 -0.07 0.22 0.69 0.67 0.23 0.19 0.16 0.47 0.05 0.02 0.15 -0.71 0.05 0.12 0.39 0.57 0.08 0.46 0.81 0.88 0.58 0.45 0.49 1.94 1.19 1.59 0.64 1.90 0.10 -0.07 -0.08 0.66 0.83 1.30 0.30 0.61 1.05 2.45 3.00 1.20 -1.28 0.16 1.36 -0.44
Shares Outstanding 121.7 99.4 101.6 95.9 91.6 89.2 87.2 85.0 84.5 71.3 68.6 68.0 67.5 61.5 60.2 60.0 57.6 56.6 49.9 43.8 43.8 43.8 43.8 43.8 42.6 35.9 32.8 29.7 29.7 30.5 30.2 30.2 30.8 32.3 32.1 32.1 32.2 32.9 32.6 32.8 33.1 33.8 33.4 33.4 33.4 33.9 27.4 25.4 23.4 25.8 25.4 23.0 20.4 20.8 18.2 16.4 16.4 16.5 16.5 16.5 16.5 15.9 12.0 12.0 12.0 12.0 11.9 12.0 12.0 12.0 12.0 12.0 12.0
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
Current Assets
Cash & Cash Equivalents 163.2 201.9 184.8 211.0 203.3 192.4 217.7 198.5 187.5 228.9 176.3 194.6 188.6 221.9 175.2 224.5 363.7 92.8 103.8 134.9 149.5 111.8 127.0 146.7 136.9 72.5 33.3 42.7 55.9 44.7 53.6 22.1 25.7 47.2 111.4 134.5 104.2 123.3 179.6 140.4 142.1 139.6 125.8 125.9 73.9 72.0
Short-Term Investments 0 0 0 0 0 0 0 0 183.6 1.6 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 0 0 0 0 0
Net Receivables 0 0 204.2 220.5 233.2 211.3 224.9 217.6 217.2 584.4 206.3 216.3 187.3 176.2 259.8 226.1 257.3 215.7 187.7 152.2 159.2 112.5 131.5 118.8 574.8 202.9 324.8 143.0 136.4 890.3 38.6 32.5 32.5 646.1 632.2 21.2 633.2 560.5 707.1 19.1 18.3 789.6 549.3 523.1 129.6 13.7
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 26.7 0 0 0 0 0 0 0 0 0 0 0 0 0 (12.7) (11.2) (15.4) (20.0) (31.3) (1,507.9) (30.0) (28.2) (1,269.8) (26.6) (1,271.9) (1,135.5) (1,467.2) (1,647.7) (1,796.6) 0 0 0 0 0
Other Current Assets 0 0 (221.6) (449.3) (453.5) (403.7) (442.6) (416.1) 12,719.0 (586.0) (382.6) 0 0 (398.0) (435.0) (450.6) (621.0) (308.6) (291.5) (287.0) (308.7) (224.3) (258.5) (265.5) (711.8) (275.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 163.2 201.9 184.8 0 0 0 0 0 13,457.5 228.9 0 410.9 188.6 0 0 0 0 0 0 0 0 0 0 0 0 0 33.3 42.7 55.9 82.3 92.2 54.5 58.2 76.9 136.4 155.7 129.3 145.0 197.0 159.4 160.4 929.2 675.0 649.1 203.5 85.7
Non-Current Assets
Property, Plant & Equipment 0 0 5.1 5.2 5.4 0 0 0 0 4.4 0 4.8 5.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 30.2 28.9 30.9 31.2 31.6 29.8 28.9 29.5 29.9 29.6 0 7.5 8.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 19,704.1 142.7 16,963.5 16,169.2 15,739.6 15,450.8 15,077.5 14,462.8 14,412.7 14,251.3 0 13,577.2 13,428.2 0 0 0 0 0 0 0 0 0 0 0 0 0 3,184.9 1,738.4 1,587.6 2,959.3 2,861.8 2,625.5 2,506.3 2,099.9 1,756.4 1,794.1 1,864.2 1,540.6 1,499.7 1,734.8 1,625.6 885.3 729.0 755.4 565.7 366.7
Other Non-Current Assets (19,734.3) 18,979.4 (16,999.4) (16,205.6) (15,776.6) (15,480.6) (15,106.4) (14,492.3) (12,767.5) (12,281.6) (29.7) (13,584.7) (13,436.3) (8.1) 0 0 0 0 0 0 0 0 0 0 0 0 (3,184.9) (1,738.4) (1,587.6) 929.9 (2,861.8) (2,625.5) (2,506.3) 816.5 (1,756.4) (1,794.1) (1,864.2) 727.6 (1,499.7) (1,734.8) (1,625.6) (885.3) (729.0) (755.4) (565.7) (366.7)
Total Non-Current Assets 0 19,151.0 0 0 0 0 0 0 1,675.1 15,087.0 0 13,584.7 13,436.3 0 0 0 0 0 0 0 0 0 0 0 0 0 3,184.9 1,738.4 1,587.6 3,889.2 2,861.8 2,625.5 2,506.3 2,916.4 1,756.4 1,794.1 1,864.2 2,268.2 1,499.7 1,734.8 1,625.6 885.3 729.0 755.4 565.7 366.7
Total Assets 20,233.1 19,352.9 17,844.5 17,071.9 16,644.2 16,317.0 15,953.3 15,092.7 15,132.6 15,315.9 14,445.0 14,302.9 14,111.5 14,085.9 6,342.7 6,178.9 5,827.3 5,177.4 4,420.3 4,282.7 4,106.9 3,413.9 3,350.9 3,236.9 3,777.6 4,338.2 3,627.4 3,127.6 2,870.6 3,971.5 3,714.6 3,672.1 3,196.3 2,993.3 2,726.6 2,797.4 2,931.2 2,413.2 2,651.8 2,753.1 2,902.9 1,964.5 1,574.8 1,530.7 922.8 589.4
Current Liabilities
Account Payables 92.2 82.3 80.5 77.7 66.0 57.3 62.1 71.3 72.7 71.9 0 94.4 77.3 0 0 0 0 0 0 0 0 0 0 0 0 0 197.4 60.5 177.5 495.6 442.6 441.9 234.6 208.6 178.8 232.5 318.4 92.0 235.4 200.2 107.1 120.4 131.5 107.2 123.8 107.6
Short-Term Debt 4,900.6 0 4,754.3 0 2,469.6 2,452.7 1,967.2 0 4,129.6 4,608.5 2,958.7 0 0 4,661.8 3,153.7 3,246.8 2,978.9 2,994.7 2,618.5 2,362.1 2,287.0 1,773.6 1,915.5 1,568.4 2,162.2 2,641.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.6 0.2
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 (2,815.9) (2,738.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 (1,435.2) (1,633.5) (1,492.8) (883.8) (1,157.3) (1,366.5) (1,058.3) (976.2) (1,053.6) (1,138.4) (1,097.6) (960.3) (941.5) (909.3) (1,060.7) 0 0 0 0 0
Other Current Liabilities (5,084.1) 0 (129.7) (114.1) 302.2 326.4 339.4 (152.1) 233.7 (1,396.8) 418.7 (146.2) (118.4) 406.2 346.4 276.5 209.8 205.2 156.0 221.6 173.2 79.3 80.1 85.6 73.3 166.6 (213.4) (72.1) (184.0) (502.9) (449.4) (447.5) (257.6) (212.4) (188.8) (242.8) (330.1) (110.5) (256.4) (203.3) (241.0) (491.6) (293.1) (148.9) (159.2) (110.6)
Total Current Liabilities 0 137.3 4,754.3 0 2,903.0 2,899.0 2,430.7 0 4,505.1 3,351.7 3,377.4 94.4 77.3 5,068.0 3,500.1 3,523.3 3,188.7 3,199.9 2,774.5 2,583.7 2,460.2 1,852.9 1,995.7 1,653.9 2,235.5 2,807.9 211.7 23.0 16.0 495.6 442.6 14.1 234.6 212.5 8.5 7.9 9.6 92.0 18.9 202.7 127.5 120.4 131.5 107.2 125.4 107.7
Non-Current Liabilities
Long-Term Debt 0 16,963.6 10,819.4 0 12,099.6 11,822.8 11,891.4 0 9,069.1 8,725.5 9,691.7 0 0 7,742.8 1,611.6 1,400.7 1,299.1 641.7 536.4 729.7 683.9 614.9 448.1 710.4 684.9 634.0 615.0 662.9 484.5 497.1 288.7 281.6 270.5 267.8 174.4 88.1 61.8 24.1 30.8 13.0 23.2 0 0 0 0 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 0 0 0 0 0 0
Other Non-Current Liabilities 18,275.1 380.9 475.0 0 0 0 0 0 (8,996.7) (8,725.5) (9,691.7) (3.3) (3.2) (7,742.8) (1,611.6) (1,400.7) (1,299.1) (641.7) (536.4) (729.7) (683.9) (614.9) (448.1) (710.4) (684.9) (634.0) (615.0) (662.9) (484.5) (497.1) (288.7) (281.6) (270.5) (267.8) (174.4) (88.1) (61.8) (24.1) (30.8) (13.0) (23.2) 0 0 0 0 0
Total Non-Current Liabilities 18,275.1 17,344.5 11,294.4 0 12,103.7 11,827.2 11,897.0 0 9,074.3 2.6 0 12,513.7 77.3 0 0 0 0 0 0 0 0 0 0 0 0 0 2,671.4 662.9 484.5 1,995.9 1,924.8 281.6 1,601.4 1,477.1 174.4 88.1 61.8 1,057.7 30.8 1,083.1 23.2 0 0 0 0 0
Total Liabilities 18,275.1 17,481.8 16,048.7 15,382.4 15,006.6 14,726.2 14,327.6 13,518.8 13,579.4 13,780.3 13,107.6 12,958.2 12,736.8 12,865 5,162.1 4,944.4 4,504.3 3,853.9 3,325.0 3,327.6 3,163.5 2,492.3 2,478.6 2,399.2 2,968.2 3,469.5 2,958.4 2,534.5 2,278.1 3,376.3 3,097.9 3,058.8 2,586.4 2,372.4 2,096.9 2,160.5 2,276.8 1,768.4 1,987.1 2,073.9 2,208.0 1,670.2 1,281.9 1,230.9 638.6 339.2
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 563.8 583.2 589 584.0 589.7 605.4 615.7 626.1 627.6 646.0 664.1 679.6 0 0 0 279.1 246.0
Retained Earnings (366.1) (413.0) (384.7) (374.0) (379.3) (375.1) (362.1) (343.9) (363.0) (353.4) (333.6) (309.6) (282.3) (290.9) (285.7) (225.3) (133.4) (97.3) (105.7) (103.4) (116.8) (141.5) (192.0) (226.4) (252.7) (103.6) (99.2) (102.3) (102.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 1,920.1 1,834.3 1,765.7 1,665.6 1,614.3 1,570.5 1,607.2 1,552.8 1,533.5 1,517.1 1,313.5 1,322.6 1,349.8 1,196.0 1,155.3 1,208.1 1,294.1 1,291.3 1,063.3 923.5 909.9 885.2 835.1 800.9 774.4 829.3 635.4 562.5 562.2 563.8 593.8 599.6 594.5 600.1 615.6 625.9 636.3 637.7 655.9 674.0 689.3 294.4 292.9 299.8 284.1 250.2
Total Liabilities & Equity 20,233.1 19,352.9 17,844.5 17,071.9 16,644.2 16,317.0 15,953.3 15,092.7 15,132.6 15,315.9 14,445.0 14,302.9 14,111.5 14,085.9 6,342.7 6,178.9 5,827.3 5,177.4 4,420.3 4,282.7 4,106.9 3,413.9 3,350.9 3,236.9 3,777.6 4,338.2 3,627.4 3,127.6 2,870.6 3,971.5 3,714.6 3,672.1 3,196.3 2,993.3 2,726.6 2,797.4 2,931.2 2,413.2 2,651.8 2,753.1 2,902.9 1,964.5 1,574.8 1,530.7 922.8 589.4
Debt Metrics
Total Debt 17,689.1 16,963.6 15,573.7 0 14,573.9 14,281.2 13,864.5 0 13,204.7 13,333.9 12,650.4 12,513.7 12,345.4 12,404.6 4,765.3 4,647.5 4,278.0 3,636.4 3,154.9 3,091.9 2,970.9 2,388.5 2,363.7 2,278.8 2,847.1 3,275.3 2,671.4 662.9 484.5 1,995.9 1,924.8 281.6 1,601.4 1,477.1 174.4 88.1 61.8 1,057.7 30.8 1,083.1 23.2 0 0 0 1.6 0.2
Net Debt 17,497.5 16,761.7 15,388.9 (211.0) 14,370.6 14,088.8 13,646.8 (198.5) (187.5) 13,103.4 12,474.1 12,319.1 12,156.8 12,182.7 4,590.0 4,423.0 3,914.3 3,543.5 3,051.1 2,957.0 2,821.4 2,276.7 2,236.7 2,132.0 2,710.2 3,202.9 2,638.2 620.2 428.7 1,951.3 1,871.2 259.6 1,575.7 1,429.9 63.0 (46.4) (42.4) 934.4 (148.8) 942.8 (118.8) (139.6) (125.8) (125.9) (72.3) (71.8)
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 101.3 0 0 0 0 0 0 0 0 18.6 13.1 8.9 44.0 36.1 (4.2) (38.2) (1.0) 8.5 22.5 34.6 39.8 65.1 48.1 39.2 (127.5) 9.0 17.3 12.6 15.4 (1.1) 7.5 22.2 21.3 8.2 6.6 5.4 15.7 1.9 0.6 5.0 (23.2)
Depreciation & Amortization 0 0 0 0 0 0 0 0 0 0.3 (0.3) 0 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 46.2 0 0 0 32.9 0 0 0 24.6 0 0 0
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0.4 0.3 0.4 0.3 0.8 0.4 0.4 0 1.5 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 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Change in Working Capital 0 0 0 0 0 28.3 0 0 0 10.7 (71.2) 0 0 (37.3) 37.3 0 0 (56.7) 0 0 0 18.3 0 0 0 (16.5) 0 0 0 (48.7) (17.0) 74.6 67.3 (22.1) (114.8) (25.0) 145.7 31.7 (27.4) 117.5 9.6
Other Non-Cash Items 45.7 (298.1) (290.4) (210.5) (126.4) (169.1) (141.7) (88.6) (59.5) (109.0) (13.0) (52.6) (93.0) (27.8) (44.6) 86.2 33.9 (16.1) (7.8) 0.4 (30.6) (28.1) (32.1) (1.6) 156.3 14.1 (4.5) 9.7 5.6 111.4 (188.0) (195.9) (213.4) 48.3 99.2 12.0 (269.1) (14.2) 101.3 (14.5) (5.5)
Operating Cash Flow 147.1 (298.1) (290.4) (210.5) (126.4) (140.8) (141.7) (88.6) (59.5) 142.5 (70.9) (43.3) (48.7) (27.5) (11.1) 48.4 32.9 (7.5) 14.7 35.0 9.2 37.0 16.0 37.6 28.9 23.1 12.8 22.3 21.0 (73.1) (197.4) (99.0) (124.7) (338.8) (8.9) (7.5) (107.6) (94.0) 74.4 108.3 (19.0)
Investing Activities
Capital Expenditure (0.2) 0 0 0 0 0 0 0 0 (91.5) 46.3 45.3 (0.0) (39.0) (0.1) (0.1) 0 53.4 49.2 57.2 13.0 13.5 3.2 0.2 13.8 6.2 11.3 4.7 27.6 0 0 0 0 0 0 0 0 0 0 0 0
Acquisitions 0 (5.2) (90.0) (75.2) (62.3) (30.3) (35.7) (38.3) (15.7) 26.1 (3.3) (38.9) (5.7) (33.8) (5.0) (7.6) (2.7) (14.9) (1.7) (7.7) 0.2 (14.9) (15.0) (1.7) (3.0) (2.8) (9.2) (16.9) (13.2) 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 (2,877.5) (2,503.3) (2,032.6) (2,163.6) (2,659.6) (1,537.2) (1,318.6) (1,258.9) (11,297.3) (1,483.4) (1,682.9) (1,390.6) (1,350.7) (1,208.3) (1,579.3) (1,767.9) (1,677.8) (1,193.8) (1,124.7) (1,103.7) (494.8) (382.5) (332.3) (1,414.8) (1,616.6) (957.4) (1,024.2) (1,239.8) (3,064.7) 0 0 0 (2,731.5) 0 0 0 (2,326.7) 0 0 0
Sales/Maturities of Investments 0 846.3 1,325.9 1,516.4 1,482.8 1,905.3 1,171.3 1,169.1 1,566.4 11,442.0 1,383.2 1,471.1 1,280.0 1,239.9 899.2 847.9 1,036.4 894.3 681.9 860.2 551.9 279.6 269.8 763.7 1,759.9 832.6 527.2 674.9 1,116.7 1,868.5 0 0 0 1,962.7 0 0 0 2,032.2 0 0 0
Other Investing Activities (2,050.3) 122.8 244.6 95.7 109.2 163.2 (174.5) 264.1 101.1 217.2 71.0 88.9 97.5 16.8 37.3 22.4 141.6 (58.2) 121.4 (73.9) (51.7) 10.4 (10.2) (10.1) 72.6 (170.6) 19.6 121.3 44.2 0 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow (2,050.3) (1,913.7) (1,022.7) (495.7) (633.8) (621.4) (576.2) 76.3 393.0 296.4 13.7 (116.5) (18.7) (166.8) (276.7) (716.7) (592.5) (803.2) (343.0) (288.8) (590.3) (206.2) (134.7) 419.7 428.5 (951.2) (408.5) (240.2) (64.6) (1,196.2) 0 0 0 (768.8) 0 0 0 (294.5) 0 0 0
Financing Activities
Net Debt Issuance 1,794.5 2,293.7 1,221.9 721.8 758.4 818.6 711.2 59.9 (341.0) (208.4) 75.4 219.4 93.5 178.6 252.2 540.4 855.2 622.6 193.7 241.7 675.2 172.3 132.0 (528.8) (389.8) 791.7 330.5 221.1 66.5 85.6 233.1 114.3 135.6 293.0 0.6 60.8 94.7 59.6 (20.0) (89.2) (1.9)
Stock Repurchased (115) 0 0 0 0 (23.9) 0 (0.2) (0.5) 0 0 (0.3) (12.1) 0 (0.5) (1.2) 0 0 0 0 0 0 (0.0) 0 (3.0) 0 0 0 (0.8) (5.5) 0 (3.6) (14.0) (9.9) (1.9) (0.8) (2.1) (5.2) (2.2) (3.8) (2.8)
Dividends Paid (55.3) (49.5) (46.6) (44.7) (42.9) (42.4) (40.9) (40.3) (40.0) (42.0) (36.8) (36.4) (34.0) (31.6) (31.2) (31.1) (29.1) (27.2) (23.9) (19.3) (15.3) (14.4) (13.9) (15.7) (21.0) (15.1) (13.9) (12.8) (12.5) (12.6) (12.7) (12.7) (12.8) (13.3) (14.8) (14.8) (14.8) (14.9) (16.6) (16.7) (16.9)
Other Financing Activities (22.4) 3.8 2.7 (2.1) 2.1 65.8 (2.1) 3.7 (15.7) 39.7 (15.9) (16.8) (169.3) 94.0 18.2 20.9 4.3 204.4 127.5 16.7 (41.1) (3.9) (19.1) 97.0 (74.5) 103.8 69.7 (3.6) 1.3 (3.3) 8.4 (2.7) (5.6) 4.7 1.9 (7.5) 10.7 (1.9) 3.7 (0.3) (1.3)
Financing Cash Flow 1,756.5 2,344.4 1,288.1 719.6 768.5 742.8 741.5 23.1 (370.2) (163.7) 37.2 165.9 35.7 241.0 238.6 529.0 830.4 799.7 297.2 239.2 618.8 154.0 98.9 (447.5) (392.9) 967.1 386.3 204.7 54.5 64.2 228.9 95.4 103.2 274.6 (14.2) 37.7 88.5 37.6 (35.1) (110.0) (22.8)
Cash Position
Net Change in Cash (146.7) 132.6 (25.1) 13.3 8.4 (19.4) 23.7 10.8 (36.7) 54.3 (19.9) 6.0 (31.7) 46.6 (49.2) (139.3) 270.9 (11.0) (31.1) (14.7) 37.7 (15.1) (19.7) 9.8 64.4 39.1 (9.4) (13.2) 11.0 (8.9) 31.5 (3.6) (21.5) (64.2) (23.1) 30.3 (19.1) (56.3) 39.3 (1.7) (41.8)
Cash at Beginning 338.2 205.6 230.6 217.3 208.9 228.3 204.6 193.8 230.5 176.3 196.2 190.2 221.9 175.2 224.5 363.7 92.8 103.8 134.9 149.5 111.8 127.0 146.7 136.9 72.5 33.4 42.8 56.1 45.1 54.0 22.5 26.1 47.7 111.4 134.5 104.2 123.3 179.6 140.4 142.1 183.9
Cash at End 191.5 338.2 205.6 230.6 217.3 208.9 228.3 204.6 193.8 230.5 176.3 196.2 190.2 221.9 175.2 224.5 363.7 92.8 103.8 134.9 149.5 111.8 127.0 146.7 136.9 72.5 33.4 42.8 56.1 45.1 54.0 22.5 26.1 47.2 111.4 134.5 104.2 123.3 179.6 140.4 142.1
Free Cash Flow 146.9 (298.1) (290.4) (210.5) (126.4) (140.8) (141.7) (88.6) (59.5) 51.0 (24.6) 1.9 (48.7) (66.5) (11.2) 48.3 32.9 45.9 63.8 92.2 22.1 50.5 19.2 37.8 42.7 29.3 24.1 27.0 48.6 (73.1) (197.4) (99.0) (124.7) (338.8) (8.9) (7.5) (107.6) (94.0) 74.4 108.3 (19.0)
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
Income Statement
Revenue 228.8 147.4 123.0 86.3 72.3 66.1 60.9 85.3 69.8 79.0 48.8 54.4 74.3 116.1 6.2 (36.9) 7.3 19.6 26.7 29.9 45.7 56.1 48.2 45.4 (114.6) 21.8 21.8 20.0 22.2 7.6 14.1 28.4 26.3 14.7 10.6 9.6 19.3 6.5 4.9 9.6 (19.1) 6.4 7.4 16.4 22.7 6.8 16.4 24.3 25.2 17.0 13.8 13.7 42.4 9.6 30.9 12.2 33.5 4.2 1.8 1.7 14.8 17.7 21.6 7.0 11.2 18.3 41.6 47.4 17.1 (12.8) 4.3 20.4 (3.4)
Gross Profit 201.9 122.3 99.0 86.3 72.3 66.1 60.9 85.3 69.8 79.0 48.8 54.4 74.3 101.0 6.2 (36.9) 7.3 19.6 26.7 29.9 45.7 56.1 48.2 45.4 (114.6) 21.8 21.8 20.0 22.2 7.6 11.8 28.2 26.1 14.7 10.6 9.4 19.1 6.4 4.6 9.3 (19.4) 6.0 7.0 16.0 22.4 6.5 16.1 24.1 24.9 16.7 13.5 13.4 42.1 9.4 30.6 12.2 33.5 4.2 1.8 1.7 14.8 17.7 21.6 7.0 11.2 18.3 41.6 47.4 17.1 (12.8) 4.3 20.4 (3.4)
Operating Income 164.0 104.8 98.9 35.5 30.9 20.2 16.1 48.2 31.9 16.9 14.3 16.7 41.3 92.9 (4.3) (46.0) (8.0) 8.5 19.4 21.0 36.6 47.1 40.8 36.3 (122.4) 17.0 17.3 13.0 15.4 (2.2) 6.7 21.3 20.7 7.4 6.2 5.1 15.1 1.7 0.5 5.0 (23.3) 1.8 3.9 13.2 19.3 2.6 13.0 21.1 22.6 14.9 11.7 11.6 40.3 24.8 29.5 10.8 32.1 1.7 (1.2) (1.3) 11.1 13.2 16.0 3.7 7.6 12.9 30.1 36.0 14.3 (15.3) 1.9 16.3 (5.3)
Net Income 105.3 21.6 36.6 50.0 38.7 30.1 23.0 59.2 33.6 18.6 12.6 8.9 44.0 26.6 (29.5) (61.1) (6.1) 36.6 22.5 34.6 39.8 65.1 48.1 39.2 (127.5) 12.6 17.3 12.6 15.4 (2.2) 6.7 21.3 20.7 7.4 6.2 5.1 15.1 1.7 0.5 5.0 (23.3) 1.8 3.9 13.2 19.3 2.6 13.0 21.1 22.6 14.9 11.7 11.6 40.3 24.8 29.5 10.8 32.1 1.7 (1.2) (1.3) 11.1 13.2 16.0 3.7 7.6 12.9 30.1 36.0 14.3 (15.3) 1.9 16.3 (5.3)
EPS (Diluted) 0.78 0.14 0.29 0.45 0.35 0.25 0.18 0.62 0.32 0.17 0.10 0.04 0.58 0.58 -0.07 -1.08 -0.17 0.61 0.41 0.75 0.86 1.44 1.06 0.85 -3.04 0.31 0.53 0.43 0.52 -0.07 0.22 0.69 0.67 0.23 0.19 0.16 0.47 0.05 0.02 0.15 -0.71 0.05 0.12 0.39 0.57 0.08 0.46 0.81 0.88 0.58 0.45 0.49 1.94 1.19 1.59 0.64 1.90 0.10 -0.07 -0.08 0.66 0.83 1.30 0.30 0.61 1.05 2.45 3.00 1.20 -1.28 0.16 1.36 -0.44
Balance Sheet
Cash & Equivalents 163.2 201.9 184.8 211.0 203.3 192.4 217.7 198.5 187.5 228.9 176.3 194.6 188.6 221.9 175.2 224.5 363.7 92.8 103.8 134.9 149.5 111.8 127.0 146.7 136.9 72.5 33.3 42.7 55.9 44.7 53.6 22.1 25.7 47.2 111.4 134.5 104.2 123.3 179.6 140.4 142.1 139.6 125.8 125.9 73.9 72.0
Total Assets 20,233.1 19,352.9 17,844.5 17,071.9 16,644.2 16,317.0 15,953.3 15,092.7 15,132.6 15,315.9 14,445.0 14,302.9 14,111.5 14,085.9 6,342.7 6,178.9 5,827.3 5,177.4 4,420.3 4,282.7 4,106.9 3,413.9 3,350.9 3,236.9 3,777.6 4,338.2 3,627.4 3,127.6 2,870.6 3,971.5 3,714.6 3,672.1 3,196.3 2,993.3 2,726.6 2,797.4 2,931.2 2,413.2 2,651.8 2,753.1 2,902.9 1,964.5 1,574.8 1,530.7 922.8 589.4
Total Debt 17,689.1 16,963.6 15,573.7 0 14,573.9 14,281.2 13,864.5 0 13,204.7 13,333.9 12,650.4 12,513.7 12,345.4 12,404.6 4,765.3 4,647.5 4,278.0 3,636.4 3,154.9 3,091.9 2,970.9 2,388.5 2,363.7 2,278.8 2,847.1 3,275.3 2,671.4 662.9 484.5 1,995.9 1,924.8 281.6 1,601.4 1,477.1 174.4 88.1 61.8 1,057.7 30.8 1,083.1 23.2 0 0 0 1.6 0.2
Stockholders' Equity 1,920.1 1,834.3 1,765.7 1,665.6 1,614.3 1,570.5 1,607.2 1,552.8 1,533.5 1,517.1 1,313.5 1,322.6 1,349.8 1,196.0 1,155.3 1,208.1 1,294.1 1,291.3 1,063.3 923.5 909.9 885.2 835.1 800.9 774.4 829.3 635.4 562.5 562.2 563.8 593.8 599.6 594.5 600.1 615.6 625.9 636.3 637.7 655.9 674.0 689.3 294.4 292.9 299.8 284.1 250.2
Cash Flow
Operating Cash Flow 147.1 (298.1) (290.4) (210.5) (126.4) (140.8) (141.7) (88.6) (59.5) 142.5 (70.9) (43.3) (48.7) (27.5) (11.1) 48.4 32.9 (7.5) 14.7 35.0 9.2 37.0 16.0 37.6 28.9 23.1 12.8 22.3 21.0 (73.1) (197.4) (99.0) (124.7) (338.8) (8.9) (7.5) (107.6) (94.0) 74.4 108.3 (19.0)
Capital Expenditure (0.2) 0 0 0 0 0 0 0 0 (91.5) 46.3 45.3 (0.0) (39.0) (0.1) (0.1) 0 53.4 49.2 57.2 13.0 13.5 3.2 0.2 13.8 6.2 11.3 4.7 27.6 0 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow 146.9 (298.1) (290.4) (210.5) (126.4) (140.8) (141.7) (88.6) (59.5) 51.0 (24.6) 1.9 (48.7) (66.5) (11.2) 48.3 32.9 45.9 63.8 92.2 22.1 50.5 19.2 37.8 42.7 29.3 24.1 27.0 48.6 (73.1) (197.4) (99.0) (124.7) (338.8) (8.9) (7.5) (107.6) (94.0) 74.4 108.3 (19.0)