Essent Group Ltd. logo ESNT - Essent Group Ltd.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 7
SELL 1
STRONG
SELL
0
| PRICE TARGET: $68.75 DETAILS
HIGH: $75.00
LOW: $62.00
MEDIAN: $69.00
CONSENSUS: $68.75
UPSIDE: 13.67%
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
Revenue
Revenue 329.6 312.4 318.7 326.1 324.1 339.3 316.6 318.7 303.9 297.3 296.1 260.1 256.2 230.0 261.8 244.4 264.6 256.9 283.5 243.3 244.8 247.2 243.0 236.1 228.8 228.8 226.4 211.9 200.5 193.1 185.0 173.8 167.5 161.1 150.2 137.6 127.6 126.4 121.3 108.2 102.5 97.5 91.7 84.1 80.0 72.7 64.6 54.3 47.8 42.4 36.5 29.6 23.0 18.4 13.5
Cost of Revenue 48.2 56.1 44.9 17.1 31.3 41.0 30.7 (0.3) 9.9 19.6 10.8 1.3 (0.2) 4.1 4.3 (76.2) (106.9) (3.4) (7.5) 9.7 32.3 62.1 55.3 175.9 8.1 10.9 10.0 5.0 7.1 (1.0) 5.5 1.8 5.3 17.5 4.3 1.8 3.7 3.9 5.0 3.0 3.7 4.2 3.4 2.3 2.0 3.0 1.4 1.0 0.9 0.7 0.3 0.6 0.7 0 0
Gross Profit 281.4 256.3 273.8 309.0 292.8 298.3 285.9 319.0 294.0 277.6 285.3 258.9 256.4 225.9 257.5 320.6 371.5 260.3 291.0 233.6 212.5 185.1 187.8 60.2 220.8 217.8 216.4 206.9 193.4 194.1 179.5 172.0 162.2 143.7 145.9 135.8 123.9 122.5 116.3 105.2 98.7 93.3 88.3 81.8 78.0 69.7 63.2 53.3 46.9 41.7 36.1 29.0 22.3 0 0
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
SG&A Expenses 0 0 29.2 30.7 39.7 34.5 33.8 33.4 34.7 32.4 31.4 24.5 26.6 25.2 25.0 25.3 24.8 23.7 27.2 25.6 24.8 21.3 22.7 24.2 24.9 22.8 24.3 23.2 23.3 22.6 21.6 22.3 23.6 21.9 23.2 22.7 23.2 22.3 21.0 20.4 20.3 18.8 17.8 17.5 18.2 16.4 16.4 15.8 15.7 15.1 11.9 10.5 9.5 0 0
Other Expenses 74.7 71.8 45.5 47.1 46.1 68.8 44.5 46.4 45.5 42.3 44.5 25.0 28.5 27.7 21.6 19.5 18.2 19.6 17.1 17.6 19.5 17.6 16.6 17.2 19.2 20.6 19.8 21.0 20.4 19.4 17.8 16.8 17.0 16.4 15.3 14.2 13.9 12.9 11.8 11.0 11.1 10.9 10.9 9.7 9.3 9.2 8.1 7.8 7.8 7.2 6.3 5.1 5.4 17.0 16.0
Operating Expenses 74.7 71.8 74.6 77.8 85.8 103.3 78.3 79.8 80.3 74.7 75.8 49.6 55.1 52.9 46.6 44.8 43.0 43.3 44.3 43.2 44.3 39.0 39.3 41.4 44.1 43.4 44.2 44.2 43.7 42.1 39.4 39.0 40.6 38.3 38.5 36.9 37.0 35.2 32.8 31.4 31.4 29.6 28.7 27.1 27.5 25.7 24.5 23.6 23.5 22.3 18.2 15.6 15.0 17.0 16.0
Operating Income
Operating Income 206.7 184.5 199.2 231.2 207.0 194.9 207.6 239.2 213.7 203.0 209.4 209.3 201.3 173.0 210.9 275.8 328.4 217.0 246.7 190.4 168.2 146.2 148.4 18.8 176.7 174.4 172.2 162.7 149.7 152.1 140.1 132.9 121.6 105.4 107.4 99.0 86.9 87.3 83.4 73.8 67.3 63.6 59.6 54.6 50.5 44.0 38.8 29.7 23.5 19.4 17.9 13.4 7.3 0 0
Interest Expense 8.1 8.1 8.3 8.1 8.1 8.2 11.5 7.8 7.9 8.0 7.9 7.4 6.9 6.0 4.5 2.9 2.2 2.1 2.1 2.1 2.1 2.1 2.2 2.6 2.1 2.2 2.6 2.7 2.7 2.6 2.5 2.6 2.5 1.8 1.5 1.2 0.7 0 0.1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 216.1 193.9 208.7 240.7 216.5 204.5 220.5 248.5 223.0 212.3 219.0 217.4 208.9 179.8 216.1 279.4 331.4 219.9 249.6 193.4 171.1 149.1 151.4 22.2 179.7 177.6 175.8 166.3 153.3 155.5 143.5 136.4 124.9 108.1 109.8 101.1 88.6 88.3 84.5 74.8 68.3 64.5 60.4 55.5 51.2 44.7 39.4 30.3 24.0 20.0 18.4 13.9 7.9 0 0
EBIT 214.9 192.7 207.4 239.3 215.1 203.1 219.0 247.1 221.6 210.9 217.3 216.7 208.2 179.0 215.4 278.7 330.7 219.1 248.7 192.5 170.2 148.3 150.7 21.4 178.8 176.6 174.8 165.4 152.4 154.7 142.6 135.5 124.0 107.2 108.9 100.2 87.6 87.3 83.5 73.8 67.3 63.6 59.6 54.6 50.5 44.0 38.8 29.7 23.5 19.4 17.9 13.4 7.3 0 0
Income Before Tax 206.7 184.5 199.2 231.2 207.0 194.9 207.6 239.2 213.7 203.0 209.4 209.3 201.3 173.0 210.9 275.8 328.4 217.0 246.7 190.4 168.2 146.2 148.4 18.8 176.7 174.4 172.2 162.7 149.7 152.1 140.1 132.9 121.6 105.4 107.4 99.0 86.9 87.3 83.4 73.8 67.3 63.6 59.6 54.6 50.5 44.0 38.8 29.7 23.5 19.4 17.9 13.4 7.3 1.4 (2.4)
Income Tax Expense 34.9 29.5 34.9 35.8 31.6 27.1 31.4 35.6 32.0 27.6 31.5 37.1 30.5 25.6 32.9 44.1 54.3 36.0 41.3 30.6 32.5 22.6 23.9 3.4 27.2 27.4 27.6 26.3 22.0 23.5 24.1 21.2 10.5 (57.3) 29.0 26.8 20.3 24.6 23.7 21.5 19.4 19.2 18.8 17.4 15.7 15.2 13.7 10.1 8.5 0.3 2.3 (10.2) 0.1 0.3 0.4
Net Income 171.8 155.0 164.2 195.3 175.4 167.9 176.2 203.6 181.7 175.4 178.0 172.2 170.8 147.4 178.1 231.8 274.2 181.0 205.4 159.8 135.6 123.6 124.5 15.4 149.5 147.0 144.6 136.4 127.7 128.5 116.0 111.8 111.1 162.6 78.4 72.1 66.6 62.7 59.7 52.3 48.0 44.5 40.8 37.2 34.8 28.9 25.1 19.6 15.0 19.0 15.6 23.6 7.2 1.0 (2.1)
Per Share Data
EPS (Basic) 1.83 1.62 1.69 1.95 1.71 1.60 1.67 1.93 1.72 1.66 1.68 1.62 1.60 1.38 1.67 2.17 2.53 1.65 1.85 1.43 1.21 1.10 1.11 0.15 1.53 1.50 1.48 1.39 1.31 1.32 1.19 1.15 1.14 1.69 0.83 0.79 0.73 0.69 0.66 0.57 0.53 0.49 0.45 0.41 0.39 0.34 0.30 0.23 0.18 -0.65 0.19 0.61 0.19 0.02 -0.04
EPS (Diluted) 1.82 1.60 1.67 1.93 1.69 1.58 1.65 1.91 1.70 1.64 1.66 1.61 1.59 1.37 1.66 2.16 2.52 1.64 1.84 1.42 1.21 1.10 1.11 0.15 1.52 1.49 1.47 1.39 1.30 1.31 1.18 1.14 1.13 1.65 0.82 0.77 0.72 0.68 0.65 0.57 0.52 0.48 0.44 0.41 0.38 0.33 0.29 0.23 0.18 -0.65 0.19 0.61 0.19 0.02 -0.04
Shares Outstanding 93.8 95.8 100.1 100.0 102.9 105.0 105.3 105.7 105.7 105.7 106.0 106.2 106.9 106.9 106.9 106.9 108.2 109.5 111.0 112.1 112.0 111.9 111.9 102.5 97.9 97.8 97.8 97.8 97.6 97.5 97.4 97.4 97.3 96.4 94.2 91.4 91.3 91.0 91.0 90.9 90.8 90.5 90.4 90.3 90.2 86.1 83.6 83.3 82.9 51.7 83.5 38.4 38.4 53.3 53.3
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
Current Assets
Cash & Cash Equivalents 128.3 123.0 91.4 92.1 208.1 131.5 109.3 197.4 164.3 141.8 96.8 68.1 68.6 81.2 79.5 77.9 203.8 81.5 65.8 142.1 81.0 102.8 118.7 72.8 31.1 71.3 49.6 25.3 40.5 64.9 29.8 24.7 33.0 43.5 57.7 27.7 19.7 27.5 16.3 16.2 28.2
Short-Term Investments 6,048.2 6,104.1 6,089.9 5,966.5 5,882.4 5,876.7 5,950.5 5,455.0 5,369.1 0 4,997.7 5,022.1 4,950.0 252.0 331.1 355.6 517.4 4,962.9 309.8 372.3 449.3 4,565.4 4,502.3 4,352.1 3,705.5 3,350.7 252.6 251.5 210.8 2,760.1 191.9 327.0 380.8 2,305.1 296.5 131.0 112.4 0 150.5 129.2 83.5
Net Receivables 189.0 98.6 96.7 98.3 95.4 55.6 54.4 57.0 68.9 63.3 68.3 62.7 61.3 57.4 59.1 51.3 45.2 46.2 47.8 53.1 45.6 50.1 45.4 39.8 41.2 40.7 40.2 40.4 38.2 36.9 35.6 35.3 46.0 29.8 29.3 26.6 23.5 21.6 20.3 21.1 17.2
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 (6,553.4) (6,608.6) (6,196.8) (6,069.4) 0 (5,624.2) (5,599.3) (5,498.4) 0 3,847.8 0 0 0 0 0 0 0 (4,945.6) (4,743.8) (4,039.7) 0 0 0 0 (2,760.1) 0 0 0 (2,305.1) 0 0 0 (1,796.4) (163.0) 0 0
Total Current Assets 6,878.9 6,839.2 6,768.4 6,654.3 6,673.2 0 0 0 0 205.1 0 0 0 390.7 4,723.4 484.8 766.4 5,090.5 423.4 567.6 576.0 4,718.3 0 0 0 3,462.8 342.4 317.1 289.5 101.8 257.3 387.0 459.7 73.3 383.5 185.3 155.6 49.2 187.1 166.5 128.9
Non-Current Assets
Property, Plant & Equipment 48.3 49.2 50.0 42.4 43.2 41.9 41.2 42.9 43.8 41.3 40.7 31.3 18.5 19.6 19.8 20.6 20.3 11.9 12.5 13.0 14.3 15.1 14.6 15.5 16.3 17.3 16.8 17.3 17.9 7.6 7.4 7.3 6.6 7.0 7.8 8.0 8.2 8.1 8.3 9.0 9.2
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
Intangible Assets 134.7 87.7 87.7 88.1 88.9 0 0 0 0 72.8 0 0 0 13.9 10.4 10.8 11.1 15.1 13.3 14.1 14.7 19.9 0 0 0 18.3 16.0 15.8 15.7 19.3 16.2 15.9 15.6 17.6 14.8 14.0 13.5 16.3 13.0 12.2 11.7
Long-Term Investments 394.3 382.5 370.1 359.8 321.9 5,876.7 5,950.5 5,455.0 5,369.1 277.2 4,997.7 5,022.1 4,950.0 (4,483.7) 4,584.8 4,620.3 4,662.9 0 0 0 0 (4,476.5) 4,502.3 4,352.1 3,705.5 (3,271.9) 3,234.6 3,100.2 0 (2,729.1) 0 0 0 (2,304.6) 0 0 0 1,615.1 1,582.2 0 0
Other Non-Current Assets 113.6 82.4 75.9 75.9 77.6 (5,998.1) (6,061.6) (5,568.1) (5,485.1) 3,641.3 (5,102.7) (5,053.4) (4,968.6) 4,378.0 (4,604.6) (10.8) (4,674.1) 4,918.7 0 0 0 9,041.8 (4,516.9) (4,367.6) (3,721.9) 6,622.6 128.2 105.2 0 5,615.2 0 0 0 4,586.0 0 0 0 78.3 (1,582.2) 0 0
Total Non-Current Assets 690.8 601.8 583.6 566.3 531.5 0 0 0 0 4,032.7 0 0 0 19.6 4,604.6 20.6 20.3 4,974.8 12.5 13.0 14.3 4,580.5 0 0 0 3,368.1 3,379.6 3,222.8 17.9 2,893.7 7.4 7.3 6.6 2,288.4 7.8 8.0 8.2 1,701.5 8.3 9.0 9.2
Total Assets 7,569.8 7,441.0 7,352.0 7,220.6 7,204.7 7,111.6 7,126.5 6,692.7 6,565.0 6,426.7 6,094.2 5,983.3 5,927.5 5,723.8 5,556.9 5,521.1 5,586.1 5,722.2 5,589.5 5,521.8 5,331.8 5,202.7 5,107.1 4,899.9 4,186.9 3,873.4 3,722.1 3,539.9 3,353.2 3,150.0 2,993.4 2,849.4 2,741.2 2,674.4 2,485.6 2,152.9 1,987.7 1,883.0 1,817.7 1,658.2 1,565.7
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 422.4 422.2 0 421.7 421.4 421.1 0 0 0 0 0 0 0 0 0 424.7 424.5 424.4 0 0.7 1.3 2.0 0 0 0 0 0 0 0 0 100 50 0 0
Deferred Revenue 226.3 91.7 96.6 102.4 108.4 0 0 0 0 0 0 0 0 0 0 0 0 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 938.2 912.2 835.3 792.0 771.4 (176.8) (171.9) (543.9) (569.3) 361.2 (567.4) (550.8) (521.9) 314.0 286.3 289.6 232.6 320.1 223.4 203.8 179.2 233.8 (512.8) (494.4) (482.7) 597.9 191.5 189.5 166.2 517.6 153.9 147.9 129.9 216.0 203.4 193.1 161.4 305.3 87.6 125.9 101.9
Total Current Liabilities 1,164.5 1,189.0 931.9 894.3 879.8 0 0 0 0 500.3 0 0 0 418.5 405.9 391.9 360.8 419.8 348.3 332.9 302.6 321.7 0 0 0 664.3 246.9 230.4 202.4 560.6 185.9 174.3 151.3 252.2 233.5 215.4 180.7 439.2 163.0 149.8 119.5
Non-Current Liabilities
Long-Term Debt 495.6 495.3 495.0 494.6 494.3 494.0 493.7 0 0 421.9 0 0 0 420.9 420.6 420.3 420.1 419.8 322.6 322.3 322.0 321.7 424.7 424.5 424.4 224.2 224.1 223.9 223.8 223.7 223.5 223.3 263.7 248.6 173.5 173.2 125 100 50 0 0
Deferred Tax Liabilities 452.6 465.4 438.2 427.2 414.8 392.4 410.8 381.4 369.0 0 329.7 328.3 383.1 356.8 340.6 348.4 359.9 373.7 356.8 343.1 318.6 305.1 281.5 272.7 259.7 0 236.6 216.7 196.0 0 155.3 147.8 132.3 127.6 198.0 181.2 162.7 0 140.6 127.0 108.9
Other Non-Current Liabilities (239.4) (465.4) (252.0) (268.5) (243.5) (886.4) (904.4) (381.4) (369.0) 431.6 (329.7) (328.3) (383.1) 65.4 516.2 88.5 650.3 (373.7) 393.8 438.7 467.6 732.3 (706.2) (697.3) (684.1) 0 406.1 395.0 405.6 0 399.4 374.7 349.9 357.7 333.5 300.6 287.3 0 220.0 132.8 155.8
Total Non-Current Liabilities 708.7 495.3 681.1 653.4 665.6 0 0 0 0 853.5 0 0 0 843.0 856.8 857.2 1,010.3 419.8 1,073.2 1,104.1 1,108.3 626.8 0 0 0 224.2 866.9 835.6 825.4 223.7 778.3 745.9 745.9 733.9 705.0 655.0 574.9 100 410.6 259.8 264.7
Total Liabilities 1,873.3 1,684.3 1,613.0 1,547.7 1,545.4 1,508.0 1,485.6 1,313.0 1,338.8 1,324.1 1,286.2 1,250.0 1,278.6 1,261.5 1,262.7 1,249.1 1,371.1 1,486.1 1,421.5 1,437.0 1,410.9 1,340.1 1,360.5 1,276.6 1,079.9 888.6 866.9 835.6 825.4 784.3 778.3 745.9 745.9 733.9 705.0 655.0 574.9 539.2 507.5 409.6 384.2
Stockholders' Equity
Common Stock 1.4 1.4 1.5 1.5 1.5 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.7 1.7 1.7 1.7 1.7 1.7 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.4 1.4 1.4 1.4 1.4 1.4
Retained Earnings 5,396.4 5,257.4 5,132.4 4,998.7 4,834.7 4,691.1 4,553.1 4,406.9 4,233.4 4,081.6 3,933.1 3,782.0 3,636.8 3,493.1 3,370.6 3,216.3 3,007.2 2,754.8 2,594.8 2,409.6 2,269.0 2,151.5 2,046.0 1,939.5 1,942.2 1,808.5 1,676.4 1,546.6 1,410.2 1,282.4 1,153.9 1,037.9 926.1 815.1 653.4 575.0 502.9 436.3 373.6 313.9 261.7
Accumulated Other Comprehensive Income (187.9) (152.0) (165.4) (215.7) (232.2) (304.0) (190.3) (307.6) (302.3) (280.5) (436.4) (360.1) (324.0) (382.8) (423.6) (286.6) (152.3) 50.7 78.5 115.4 79.1 138.3 132.4 120.4 46.1 56.2 62.7 45.4 9.4 (29.0) (47.4) (39.2) (32.0) (3.3) 3.0 1.1 (7.4) (12.3) 22.0 24.0 13.3
Total Stockholders' Equity 5,696.5 5,756.7 5,739.0 5,672.8 5,659.3 5,603.7 5,641.0 5,379.8 5,226.2 5,102.6 4,808.0 4,733.4 4,648.9 4,462.3 4,294.2 4,272.0 4,215.1 4,236.1 4,168.0 4,084.8 3,920.9 3,862.6 3,746.5 3,623.3 3,107.1 2,984.8 2,855.2 2,704.3 2,527.8 2,365.7 2,215.1 2,103.6 1,995.3 1,940.4 1,780.6 1,497.9 1,412.8 1,343.8 1,310.2 1,248.6 1,181.5
Total Liabilities & Equity 7,569.8 7,441.0 7,352.0 7,220.6 7,204.7 7,111.6 7,126.5 6,692.7 6,565.0 6,426.7 6,094.2 5,983.3 5,927.5 5,723.8 5,556.9 5,521.1 5,586.1 5,722.2 5,589.5 5,521.8 5,331.8 5,202.7 5,107.1 4,899.9 4,186.9 3,873.4 3,722.1 3,539.9 3,353.2 3,150.0 2,993.4 2,849.4 2,741.2 2,674.4 2,485.6 2,152.9 1,987.7 1,883.0 1,817.7 1,658.2 1,565.7
Debt Metrics
Total Debt 495.6 495.3 495.0 494.6 494.3 494.0 493.7 422.4 422.2 421.9 421.7 421.4 421.1 420.9 420.6 420.3 420.1 419.8 322.6 322.3 322.0 321.7 849.3 849.0 848.8 224.2 236.3 236.3 236.7 223.7 223.5 223.3 263.7 248.6 173.5 173.2 125 100 100 0 0
Net Debt 367.4 372.3 403.6 402.5 286.2 362.5 384.4 225.0 257.9 280.1 324.9 353.3 352.5 339.6 341.1 342.5 216.2 338.3 256.8 180.2 241.0 218.9 730.6 776.3 817.7 152.9 174.5 198.7 183.3 158.7 193.7 198.7 230.7 205.1 115.7 145.5 105.3 72.5 33.7 (16.2) (28.2)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 171.8 155.0 164.2 195.3 175.4 167.9 176.2 203.6 181.7 175.4 178.0 172.2 170.8 147.4 178.1 231.8 274.2 181.0 205.4 159.8 135.6 123.6 124.5 15.4 149.5 147.0 144.6 136.4 127.7 128.5 116.0 111.8 111.1 162.6 78.4 72.1 66.6 62.7 59.7 52.3 48.0
Depreciation & Amortization 5.0 1.3 1.3 1.3 1.4 1.4 1.5 1.5 1.4 1.3 1.7 0.7 0.7 0.8 0.7 0.7 0.8 0.8 0.9 0.9 0.9 0.8 0.8 0.9 0.9 1.0 0.9 0.9 0.9 0.9 0.8 0.8 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1
Stock-Based Compensation 7.3 (16.8) 3.9 4.0 9.0 4.2 6.8 7.0 6.8 4.5 4.5 4.4 5.1 4.7 4.7 4.2 4.8 4.8 5.5 5.4 5.2 4.5 4.6 4.6 4.8 4.1 4.2 4.2 4.1 3.8 3.8 3.8 3.6 4.7 4.7 4.7 4.6 5.0 4.0 4.2 3.8
Change in Working Capital 21.8 39.3 37.1 (21.4) 25.9 45.0 29.8 (42.7) 8.3 14.5 (11.6) 29.3 (16.0) (9.3) (21.0) (193.2) (115.5) (34.6) (25.2) (40.2) 16.6 24.2 61.0 159.3 (12.2) (4.5) (10.3) (31.7) (12.5) (12.3) 10.6 (15.8) 93.3 13.7 5.1 (28.5) (14.7) (10.7) (4.9) (17.8) (1.7)
Other Non-Cash Items (8.7) 73.8 7.4 (0.1) (1.1) 5.9 5.7 8.0 9.4 13.4 9.2 10.8 7.2 19.8 (4.2) 7.1 (5.8) 17.8 (30.4) 9.6 5.7 5.0 6.9 7.1 3.1 3.6 3.3 3.5 3.0 3.5 3.2 3.3 3.1 3.0 2.4 2.3 2.3 1.9 2.4 1.9 1.2
Operating Cash Flow 192.0 229.1 215.9 189.5 221.6 226.7 229.2 188.7 216.9 215.5 195.0 167.7 184.8 172.4 172.6 63.3 180.6 191.1 178.4 152.0 187.8 179.4 202.7 182.7 163.1 165.3 159.1 126.8 138.7 139.4 143.3 120.8 221.9 116.6 107.6 66.5 77.9 74.6 76.8 54.6 67.5
Investing Activities
Capital Expenditure (0.8) (1.1) (5.3) (0.7) (0.2) (10.7) (0.5) (1.1) (4.5) (2.2) (1.0) (0.4) (0.4) (1.5) (0.9) (0.9) (0.7) (0.8) (0.9) (0.2) (0.6) (1.1) (0.4) (0.5) (0.5) (1.1) (0.5) (0.8) (1.0) (1.1) (0.9) (1.5) (0.5) (0.1) (0.9) (0.7) (1.1) (0.8) (0.3) (0.8) (1.2)
Acquisitions 0 0 47.4 (34.7) (12.6) (9.5) 11.0 (4.9) (6.1) (8.7) (86.8) (17.0) (0.9) (5.4) (37.2) 0 0 0 0 0 0 0 0 (4.5) 5.0 0 (4.9) (37.0) (1.8) (5.8) (24.4) 0 67.9 178.3 0 0 (20.6) 44.4 0 0 (3.0)
Purchases of Investments (257.4) (309.5) (208.6) (252.6) (349.7) (451.6) (423.8) (327.1) (331.2) (441.3) (170.2) (287.1) (894.0) (338.1) (264.4) (299.8) (507.6) (778.9) (537.4) (329.2) (692.7) (301.1) (339.1) (782.2) (574.5) (333.9) (281.9) (346.3) (249.0) (265.0) (341.3) (184.8) (266.8) (446.3) (334.6) (196.1) (200.8) (251.9) (204.4) (164.9) (146.3)
Sales/Maturities of Investments 252.3 290.0 39.2 184.0 418.1 363.9 210.1 229.1 190.7 314.2 123.2 192.3 746.0 199.1 155.0 156.3 547.2 599.9 374.4 276.1 507.0 231.1 201.1 223.8 188.6 206.4 167.8 242.2 96.7 167.9 228.5 97.8 51.0 241.4 59.8 91.0 98.3 139.2 78.5 101.3 86.5
Other Investing Activities 22.5 (21.1) 62.9 0 0 (10) (140.5) 0 (0.2) 8.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (67.9) (178.3) 0 0 20.6 (44.4) 0 0 3.0
Investing Cash Flow 16.6 (41.8) (64.4) (104.1) 55.5 (107.9) (343.7) (104.0) (151.3) (129.2) (134.8) (112.2) (149.3) (145.9) (147.4) (144.5) 38.9 (179.8) (163.9) (53.3) (186.3) (71.1) (138.4) (563.5) (381.4) (128.7) (119.5) (141.9) (155.0) (103.9) (138.1) (88.5) (216.4) (205.0) (275.6) (105.9) (103.6) (113.5) (126.2) (64.5) (61.1)
Financing Activities
Net Debt Issuance 0 0 0 0 0 (0.9) 65.6 0 0 0 0 0 0 0 0 0 0 94.2 0 0 0 (106.2) (0.0) 0 200 0 0 (0.0) 0 (0.1) 0.0 (40.5) 15 75 (0.0) 50 25 50 47.6 0 0
Stock Repurchased (170.9) 461.5 (122.1) (170.5) (168.8) (66.3) (9.6) (22.0) (13.6) (14.8) (5.0) (29.6) (21.3) (0.1) (0.0) (22.3) (75.4) (69.0) (70.9) (18.6) (5.4) (0.1) (0.5) (0.0) (6.3) (0.2) (0.6) (0.1) (8.1) (0.2) (0.1) (0.1) (31.1) (0.2) (0.1) (0.1) (7.1) (0.1) (0.1) (0.0) (3.8)
Dividends Paid (32.6) (29.5) (30.1) (30.9) (31.7) (29.4) (29.5) (29.6) (29.6) (26.4) (26.5) (26.5) (26.8) (24.6) (23.5) (22.4) (21.6) (20.8) (19.9) (19.1) (17.9) (17.9) (17.9) (17.9) (15.7) (14.7) (14.7) 0 0 0 0 0 0 (50) 0 0 0 0 0 0 0
Other Financing Activities 0 (587.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 49.9 0 (2.6) 0 0.2 2.1 (2.1) 1.0
Financing Cash Flow (203.4) (155.7) (152.2) (201.4) (200.5) (96.6) 26.5 (51.6) (43.2) (41.2) (31.5) (56.1) (48.1) (24.7) (23.5) (44.8) (97.2) 4.3 (90.8) (37.6) (23.3) (124.2) (18.4) 422.5 178 (14.8) (15.3) (0.1) (8.1) (0.3) (0.1) (40.6) (16.1) 74.3 198.1 47.3 17.9 50.1 49.6 (2.1) (2.8)
Cash Position
Net Change in Cash 5.2 31.6 (0.7) (116.0) 76.6 22.2 (88.1) 33.1 22.5 45.0 28.7 (0.5) (12.6) 1.8 1.6 (126.0) 122.4 15.7 (76.3) 61.1 (21.8) (15.9) 45.9 41.7 (40.3) 21.8 24.3 (15.2) (24.5) 35.1 5.1 (8.3) (10.6) (14.2) 30.1 8.0 (7.8) 11.2 0.2 (12.0) 3.6
Cash at Beginning 123.0 91.4 92.1 208.1 131.5 109.3 197.4 164.3 141.8 96.8 68.1 68.6 81.2 79.5 77.9 203.8 81.5 65.8 142.1 81.0 102.8 118.7 72.8 31.1 71.3 49.6 25.3 40.5 64.9 29.8 24.7 33.0 43.5 57.7 27.7 19.7 27.5 16.3 16.2 28.2 24.6
Cash at End 128.3 123.0 91.4 92.1 208.1 131.5 109.3 197.4 164.3 141.8 96.8 68.1 68.6 81.2 79.5 77.9 203.8 81.5 65.8 142.1 81.0 102.8 118.7 72.8 31.1 71.3 49.6 25.3 40.5 64.9 29.8 24.7 33.0 43.5 57.7 27.7 19.7 27.5 16.3 16.2 28.2
Free Cash Flow 191.2 228.0 210.6 188.8 221.3 216.0 228.7 187.6 212.5 213.3 194.0 167.3 184.4 170.9 171.7 62.3 179.9 190.3 177.4 151.8 187.2 178.3 202.3 182.2 162.7 164.2 158.6 126.0 137.7 138.3 142.4 119.2 221.4 116.4 106.8 65.8 76.8 73.8 76.5 53.7 66.3
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
Income Statement
Revenue 329.6 312.4 318.7 326.1 324.1 339.3 316.6 318.7 303.9 297.3 296.1 260.1 256.2 230.0 261.8 244.4 264.6 256.9 283.5 243.3 244.8 247.2 243.0 236.1 228.8 228.8 226.4 211.9 200.5 193.1 185.0 173.8 167.5 161.1 150.2 137.6 127.6 126.4 121.3 108.2 102.5 97.5 91.7 84.1 80.0 72.7 64.6 54.3 47.8 42.4 36.5 29.6 23.0 18.4 13.5
Gross Profit 281.4 256.3 273.8 309.0 292.8 298.3 285.9 319.0 294.0 277.6 285.3 258.9 256.4 225.9 257.5 320.6 371.5 260.3 291.0 233.6 212.5 185.1 187.8 60.2 220.8 217.8 216.4 206.9 193.4 194.1 179.5 172.0 162.2 143.7 145.9 135.8 123.9 122.5 116.3 105.2 98.7 93.3 88.3 81.8 78.0 69.7 63.2 53.3 46.9 41.7 36.1 29.0 22.3 0 0
Operating Income 206.7 184.5 199.2 231.2 207.0 194.9 207.6 239.2 213.7 203.0 209.4 209.3 201.3 173.0 210.9 275.8 328.4 217.0 246.7 190.4 168.2 146.2 148.4 18.8 176.7 174.4 172.2 162.7 149.7 152.1 140.1 132.9 121.6 105.4 107.4 99.0 86.9 87.3 83.4 73.8 67.3 63.6 59.6 54.6 50.5 44.0 38.8 29.7 23.5 19.4 17.9 13.4 7.3 0 0
Net Income 171.8 155.0 164.2 195.3 175.4 167.9 176.2 203.6 181.7 175.4 178.0 172.2 170.8 147.4 178.1 231.8 274.2 181.0 205.4 159.8 135.6 123.6 124.5 15.4 149.5 147.0 144.6 136.4 127.7 128.5 116.0 111.8 111.1 162.6 78.4 72.1 66.6 62.7 59.7 52.3 48.0 44.5 40.8 37.2 34.8 28.9 25.1 19.6 15.0 19.0 15.6 23.6 7.2 1.0 (2.1)
EPS (Diluted) 1.82 1.60 1.67 1.93 1.69 1.58 1.65 1.91 1.70 1.64 1.66 1.61 1.59 1.37 1.66 2.16 2.52 1.64 1.84 1.42 1.21 1.10 1.11 0.15 1.52 1.49 1.47 1.39 1.30 1.31 1.18 1.14 1.13 1.65 0.82 0.77 0.72 0.68 0.65 0.57 0.52 0.48 0.44 0.41 0.38 0.33 0.29 0.23 0.18 -0.65 0.19 0.61 0.19 0.02 -0.04
Balance Sheet
Cash & Equivalents 128.3 123.0 91.4 92.1 208.1 131.5 109.3 197.4 164.3 141.8 96.8 68.1 68.6 81.2 79.5 77.9 203.8 81.5 65.8 142.1 81.0 102.8 118.7 72.8 31.1 71.3 49.6 25.3 40.5 64.9 29.8 24.7 33.0 43.5 57.7 27.7 19.7 27.5 16.3 16.2 28.2
Total Assets 7,569.8 7,441.0 7,352.0 7,220.6 7,204.7 7,111.6 7,126.5 6,692.7 6,565.0 6,426.7 6,094.2 5,983.3 5,927.5 5,723.8 5,556.9 5,521.1 5,586.1 5,722.2 5,589.5 5,521.8 5,331.8 5,202.7 5,107.1 4,899.9 4,186.9 3,873.4 3,722.1 3,539.9 3,353.2 3,150.0 2,993.4 2,849.4 2,741.2 2,674.4 2,485.6 2,152.9 1,987.7 1,883.0 1,817.7 1,658.2 1,565.7
Total Debt 495.6 495.3 495.0 494.6 494.3 494.0 493.7 422.4 422.2 421.9 421.7 421.4 421.1 420.9 420.6 420.3 420.1 419.8 322.6 322.3 322.0 321.7 849.3 849.0 848.8 224.2 236.3 236.3 236.7 223.7 223.5 223.3 263.7 248.6 173.5 173.2 125 100 100 0 0
Stockholders' Equity 5,696.5 5,756.7 5,739.0 5,672.8 5,659.3 5,603.7 5,641.0 5,379.8 5,226.2 5,102.6 4,808.0 4,733.4 4,648.9 4,462.3 4,294.2 4,272.0 4,215.1 4,236.1 4,168.0 4,084.8 3,920.9 3,862.6 3,746.5 3,623.3 3,107.1 2,984.8 2,855.2 2,704.3 2,527.8 2,365.7 2,215.1 2,103.6 1,995.3 1,940.4 1,780.6 1,497.9 1,412.8 1,343.8 1,310.2 1,248.6 1,181.5
Cash Flow
Operating Cash Flow 192.0 229.1 215.9 189.5 221.6 226.7 229.2 188.7 216.9 215.5 195.0 167.7 184.8 172.4 172.6 63.3 180.6 191.1 178.4 152.0 187.8 179.4 202.7 182.7 163.1 165.3 159.1 126.8 138.7 139.4 143.3 120.8 221.9 116.6 107.6 66.5 77.9 74.6 76.8 54.6 67.5
Capital Expenditure (0.8) (1.1) (5.3) (0.7) (0.2) (10.7) (0.5) (1.1) (4.5) (2.2) (1.0) (0.4) (0.4) (1.5) (0.9) (0.9) (0.7) (0.8) (0.9) (0.2) (0.6) (1.1) (0.4) (0.5) (0.5) (1.1) (0.5) (0.8) (1.0) (1.1) (0.9) (1.5) (0.5) (0.1) (0.9) (0.7) (1.1) (0.8) (0.3) (0.8) (1.2)
Free Cash Flow 191.2 228.0 210.6 188.8 221.3 216.0 228.7 187.6 212.5 213.3 194.0 167.3 184.4 170.9 171.7 62.3 179.9 190.3 177.4 151.8 187.2 178.3 202.3 182.2 162.7 164.2 158.6 126.0 137.7 138.3 142.4 119.2 221.4 116.4 106.8 65.8 76.8 73.8 76.5 53.7 66.3