First American Financial Corporation logo FAF - First American Financial Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 3
SELL 1
STRONG
SELL
0
| PRICE TARGET: $83.00 DETAILS
HIGH: $85.00
LOW: $80.00
MEDIAN: $84.00
CONSENSUS: $83.00
UPSIDE: 21.70%
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
Revenue
Revenue 143.3 2,049.7 1,978.9 1,841.3 1,582.3 1,677.7 1,406.1 1,612.3 1,424.6 1,423.9 1,481.2 1,646.9 1,446.1 1,674 1,824.3 2,062.5 2,033.7 2,366.0 2,556 2,266 2,026 2,145.6 1,913.7 1,608.7 1,412.9 1,725.8 1,671.2 1,498.6 1,303.6 1,417.1 1,542.2 1,491.2 1,297.4 1,481.3 1,519.6 1,454.4 1,317.0 1,504.3 1,508.3 1,361.5 1,201.7 1,356.7 1,383.9 1,323.8 1,111.1 1,255.5 1,259.7 1,150.0 1,012.8 1,219.9 1,301.0 1,288.5 1,146.8 1,276.8 1,208.4 1,089.8 966.8 996.6 965.0 927.3 931.7 1,024.7 1,003.5 969.9 908.4 1,032.8 1,100.6 1,025.1 888.4 914.3
Cost of Revenue 77.8 83.8 730.9 655.4 595.6 637.1 638.5 571.7 517.3 528.8 622.5 585.9 551.3 705 856.3 874.7 880.2 946.4 950 869 811 829.4 730.6 611.1 592.9 644.3 643.5 538.2 494.3 574.3 607.8 553.2 517.2 592.5 618.3 546.7 556.3 619.9 632.1 526.0 512.1 584.9 601.7 518.1 444.3 512.9 514.7 466.7 426.5 513.3 555.4 594.8 503.6 1,479.6 461.4 416.7 388.8 101.2 112.2 77.2 129.5 80.4 86.5 83.0 71.0 81.0 86.7 96.0 83.1 181.6
Gross Profit 65.5 1,965.9 1,248 1,185.9 986.7 1,040.6 767.6 1,040.6 907.3 895.1 858.7 1,061 894.8 969 968 1,187.8 1,153.5 1,419.5 1,606 1,397 1,215 1,316.2 1,183.1 997.6 820.1 1,081.6 1,027.7 960.4 809.3 842.8 934.4 938.0 780.2 888.9 901.3 907.7 760.7 884.4 876.2 835.5 689.6 771.8 782.3 805.6 666.8 742.5 745.0 683.2 586.3 706.6 745.6 693.7 643.2 (202.8) 747.0 673.1 577.9 895.4 852.8 850.1 802.2 944.3 917.1 886.9 837.4 951.8 1,013.9 929.1 805.3 732.7
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
SG&A Expenses 0 0 574.9 571.1 506.7 541.9 523.6 509 484.9 501.2 485.8 514.5 487.6 550 569.8 618.3 601.7 641.9 585 588 535 549.0 511.3 451.5 429.7 476.7 470.7 447.0 411.6 436.5 449.8 449.0 413.6 439.6 444.0 436.4 407.1 517.5 438.7 417.7 382.7 439.4 411.7 407.5 366.1 364.8 365.3 354.1 326.5 358.4 377.9 364.8 344.5 (615.3) 344.1 322.0 305.3 613.9 585.5 573.3 603.3 629.0 627.6 593.1 584.8 1,542.8 665.9 591.7 536.9 1,662.3
Other Expenses (96.3) 1,678.5 426.1 419.6 383.4 398.8 388.4 380 329.8 355.5 374.6 368.4 347.6 361 401.4 428.1 422 444.2 417 410 374 384.9 428.4 320.9 318.1 316.4 311.7 283.9 256.0 287.4 288.9 287.0 273.5 289.9 439.4 287.1 269.7 285.4 270.6 264.2 231.3 215.5 255.1 256.6 241.7 254.8 263.8 252.6 224.5 263.3 260.7 269.7 239.1 264.8 247.0 238.8 221.1 215.4 228.8 227.6 222.3 240.8 233.5 236.9 228.2 (652.2) 279.5 272.8 258.3 (828.6)
Operating Expenses (96.3) 1,678.5 1,001 990.7 890.1 940.7 912 889 814.7 856.7 860.4 882.9 835.2 911 971.2 1,046.4 1,023.7 1,086.1 1,002 998 909 933.9 939.7 772.3 747.8 793.1 782.4 730.9 667.6 723.9 738.8 736.0 687.1 729.5 883.3 723.5 676.8 802.9 709.3 681.9 614.0 655.0 666.9 664.0 607.8 619.6 629.1 606.8 551.0 621.7 638.5 634.5 583.6 (350.5) 591.1 560.8 526.4 829.2 814.4 800.9 825.6 869.7 861.1 829.9 812.9 890.7 945.4 864.5 795.2 833.7
Operating Income
Operating Income 161.8 287.4 247 195.2 96.6 99.9 (144.4) 151.6 92.6 38.4 (1.7) 178.1 59.6 58 (3.2) 141.4 129.8 333.4 604 399 306 382.3 243.4 225.3 72.3 288.5 245.3 229.5 141.7 118.9 195.6 202.0 93.1 159.3 18.0 184.2 83.9 81.5 166.9 153.6 75.6 116.8 115.4 141.6 58.9 122.9 116.0 76.5 35.3 84.8 107.0 59.2 59.6 147.7 155.9 112.3 51.5 66.1 38.4 49.2 (23.4) 74.6 56.0 57.0 24.5 61.1 68.5 64.5 10.1 (101.0)
Interest Expense 41.9 43.9 39.9 38 35.2 43.7 36.2 35.4 34.3 33.3 35.8 34.3 29.1 30 24 19.7 19.7 20.1 19 16 17 15.9 16.0 13.4 12.1 11.7 12.2 11.9 11.9 11.0 10.8 10.0 9.2 9.2 9.1 9.0 8.7 8.8 7.8 7.8 7.8 7.3 7.3 7.3 7.2 6.2 4.7 4.5 3.9 4.1 4.0 3.9 3.2 1.6 2.0 2.4 3.0 3.0 3.2 2.1 3.8 4.7 4.1 3.8 2.3 2.8 5.0 6.0 6.1 6.5
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 258.3 387.2 341.7 286.2 184.3 195.6 (55) 239.1 142.7 121.3 81.4 258.5 134.2 131 62.2 202.7 190.5 393.0 662 456 361 436.6 297.6 279.7 115.9 331.7 289.3 274.3 186.5 163.3 238.1 243.0 132.0 200.3 63.1 223.3 122.7 118.4 199.3 185.4 105.8 146.3 143.8 170.4 87.0 150.9 144.7 100.7 59.1 108.7 129.6 81.3 81.2 169.3 176.3 133.2 72.6 89.0 60.6 70.2 (0.5) 100.1 79.0 81.0 47.1 85.7 93.4 90.5 37.1 (69.8)
EBIT 203.7 331.3 286.9 233.2 131.8 143.6 (108.2) 187 92.6 71.7 34.1 212.4 88.7 88 20.8 161.1 149.5 353.4 623 415 323 398.2 259.4 238.7 84.4 300.3 257.6 241.4 153.6 129.9 206.4 212.0 102.3 168.5 27.1 193.1 92.6 90.2 174.8 161.4 83.4 124.1 122.7 148.9 66.2 129.1 120.6 80.9 39.1 88.9 111.1 63.2 62.8 149.3 157.9 114.7 54.6 69.1 41.6 51.3 (19.6) 79.3 60.0 60.8 26.9 63.9 73.5 70.5 16.2 (94.5)
Income Before Tax 161.8 287.4 247 195.2 96.6 99.9 (144.4) 151.6 58.3 38.4 (1.7) 178.1 59.6 58 (3.2) 141.4 129.8 333.4 604 399 306 382.3 243.4 225.3 72.3 288.5 245.3 229.5 141.7 118.9 195.6 202.0 93.1 159.3 18.0 184.2 83.9 81.5 166.9 153.6 75.6 116.8 115.4 141.6 58.9 122.9 116.0 76.5 35.3 84.8 107.0 59.2 59.6 147.7 155.9 112.3 51.5 66.1 38.4 49.2 (23.4) 74.6 56.0 57.0 24.5 61.1 68.5 64.5 10.1 (101.0)
Income Tax Expense 37 74 57.1 48.1 21.8 27 (41) 35.2 11.6 4.1 (0.5) 41.7 13.6 4 (5.6) 31.2 31.7 72.7 154 95 72 100.9 59.8 53.6 8.5 63.9 57.2 42.2 31.9 25.7 44.1 46.9 16.9 (61.4) (3.2) 62.3 25.8 0.5 59.5 51.2 22.9 35.1 39.6 48.0 21.2 42.2 35.0 25.8 13.4 33.1 43.0 24.3 23.4 54.5 52.0 38.8 20.4 25.7 17.1 17.1 (8.2) 26.8 22.6 22.9 10.8 8.5 27.6 31.1 2.8 (35.9)
Net Income 125.1 211.9 189.6 146.1 74.2 72.4 (104) 116 46.7 34.1 (1.7) 138.5 45.9 54 2 108.8 97.9 259.8 445 302 234 280.3 182.3 170.7 63.2 224.0 187.2 186.7 109.6 91.6 151.5 155.1 76.2 221.1 21.4 122.3 58.3 81.0 107.3 102.1 52.5 81.6 75.5 93.3 37.6 80.5 80.7 50.6 21.7 51.6 63.9 34.7 36.2 93.3 103.5 73.0 31.3 40.2 21.0 32.3 (15.3) 47.1 33.1 33.8 13.8 50.1 38.8 28.6 4.9 (66.7)
Per Share Data
EPS (Basic) 1.21 2.06 1.84 1.41 0.71 0.70 -1.00 1.11 0.45 0.33 -0.02 1.33 0.44 0.52 0.03 1.01 0.89 2.35 4.01 2.73 2.10 2.50 1.62 1.52 0.56 1.98 1.65 1.65 0.97 0.81 1.34 1.38 0.68 1.98 0.19 1.10 0.52 0.73 0.97 0.92 0.48 0.75 0.69 0.86 0.35 0.75 0.75 0.47 0.20 0.49 0.60 0.32 0.34 0.87 0.97 0.69 0.30 0.38 0.20 0.31 -0.15 0.45 0.32 0.33 0.13 0.48 0.37 0.27 0.05 -0.64
EPS (Diluted) 1.21 2.05 1.83 1.41 0.71 0.69 -1.00 1.11 0.45 0.33 -0.02 1.33 0.44 0.51 0.03 1.01 0.88 2.33 4.00 2.72 2.10 2.49 1.62 1.52 0.55 1.97 1.65 1.64 0.97 0.81 1.34 1.37 0.67 1.96 0.19 1.09 0.52 0.73 0.96 0.92 0.47 0.74 0.69 0.85 0.34 0.74 0.74 0.47 0.20 0.48 0.59 0.31 0.33 0.85 0.95 0.68 0.29 0.38 0.20 0.30 -0.15 0.45 0.31 0.32 0.13 0.48 0.37 0.27 0.05 -0.64
Shares Outstanding 103 102.8 103.5 103.7 103.8 103.9 103.6 104.1 104.1 104 104.2 104.3 104.5 104.6 105.3 107.9 110.4 110.8 111 110.9 111.1 112.2 112.6 112.3 113.6 113.3 113.2 113.0 112.7 112.8 112.7 112.6 112.2 111.9 111.8 111.5 111.2 110.7 110.6 110.5 110.1 108.9 108.6 108.5 107.7 107.4 107.1 106.9 106.2 105.8 106.4 108.2 107.6 106.9 106.4 106.2 105.6 105.4 105.4 105.2 104.7 104.2 104.2 104.0 104.0 104.0 104.0 104.0 104.0 104.0
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
Current Assets
Cash & Cash Equivalents 2,436.2 1,387.3 2,991.5 2,031.2 2,107.9 1,803.5 3,008.8 2,048.6 1,506.4 3,661.1 1,634.4 2,301.8 2,036.9 1,286.9 2,422 1,812 1,760 1,286 2,005.1 2,271.7 2,071.4 1,321 1,553.9 1,562.7 1,089.4 1,530.4 1,749.5 1,450.0 1,382.1 1,503.3 2,242.9 1,267.5 1,215.8 1,428.6 1,162.9 1,188.5 1,069.4 1,027.4 1,465.6 1,263.6 998.8 579.0 457.0 583.0
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 0 0 0 0
Net Receivables 398 432.6 467 412.6 403.6 436.1 445.3 403.7 365.7 585.1 422.1 412.5 385 389.1 1,256 1,171 1,162 452 1,093.6 1,139.2 1,151.8 386 1,123.9 941.0 896.6 335.4 351.8 352.2 310.8 0 362.6 348.6 304.2 311.1 341.4 323.4 303.5 299.8 327.1 285.5 274.7 252.4 227.2 266.4
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 0 0 0
Other Current Assets 0 (432.6) 0 0 0 0 0 0 0 (4,246.2) (2,056.5) (2,714.3) (2,421.9) (1,676) (3,678) (2,983) (2,922) (1,738) (3,098.7) (3,410.9) (3,223.2) (1,707) (2,677.8) (2,503.7) (1,986.0) (1,865.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 2,834.2 1,387.3 3,458.5 2,443.8 2,511.5 2,239.6 3,454.1 2,452.3 1,872.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,062.8 1,764.2 1,647.9 327.3 2,567.9 1,575.1 1,480.8 1,698.3 1,483.3 1,490.1 1,350.9 1,305.9 1,770.4 1,527.3 1,250.6 831.4 684.2 849.5
Non-Current Assets
Property, Plant & Equipment 1,554.3 1,106.2 902.3 1,607.3 951 959.8 1,013.1 1,660.8 1,640.2 978.9 967.9 943.6 907 884.9 851 824 766 755 716.2 705.3 700.4 711 714.8 741.0 783.9 733.4 736.4 752.0 762.8 457.8 457.5 446.3 435.9 439.6 438.1 433.0 429.0 434.1 430.6 413.2 410.4 338.5 353.8 358.6
Goodwill 1,817.9 1,819.3 1,818.5 1,814 1,809.6 1,804.3 1,810.7 1,808.3 1,807.3 1,807.5 1,800.1 1,802.3 1,805.2 1,798.2 1,811 1,802 1,598 1,588 1,416.3 1,378.1 1,371.7 1,379 1,355.3 1,388.6 1,381.5 1,150.9 1,149.8 1,150.2 1,145.3 1,144.2 1,145.1 1,167.0 1,133.6 1,113.0 1,145.5 1,031.9 1,017.4 1,017.4 1,014.8 982.8 967.0 799.6 802.0 801.0
Intangible Assets 95 100 790.7 115 800 799.1 803.1 137.4 147.6 806.2 810.2 818.4 829 833.6 817 829 796 805 774.6 763.2 776.9 779 777.2 783.3 764.2 671.5 92.9 96.5 102.6 109.4 111.6 104.3 95.8 99.9 75.1 77.8 78.4 78.9 51.4 50.9 50.0 72.5 76.1 78.9
Long-Term Investments 9,930.2 9,394.3 10,161.6 8,817 8,965.4 8,647.2 8,724.3 7,847.2 7,864.5 7,893.1 7,935.9 8,321.6 8,398.6 8,923.8 8,917 9,419 10,031 10,538 10,305.5 8,765.9 7,631.1 7,105 6,332.4 6,311.4 6,216.8 6,306.0 6,298.9 6,399.0 6,304.1 6,067.3 5,977.6 5,558.5 5,393.6 5,219.2 5,249.7 5,276.4 5,001.7 4,957.4 4,980.1 4,904.7 4,655.6 2,167.3 2,069.0 1,889.7
Other Non-Current Assets 1,695.6 (10,500.5) 434.6 1,433 416.1 414.8 711 1,201.2 1,316 (11,485.7) (11,514.1) (11,885.9) (11,939.8) (12,440.5) (12,396) (12,874) (13,191) (13,686) (13,212.5) (11,612.4) (10,480.2) (9,974) (9,179.6) (9,224.4) (9,146.4) (8,861.8) (5,979.5) (6,073.6) (5,970.2) (7,778.7) (5,977.6) (5,558.5) (5,393.6) (5,219.2) (5,249.7) (5,276.4) (5,001.7) (4,957.4) (4,980.1) (4,904.7) (4,655.6) (2,167.3) (2,069.0) (3,128.2)
Total Non-Current Assets 15,102.4 1,919.3 14,151.5 13,830.1 12,985.9 12,669 13,112.3 12,705 12,825.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,315.1 2,340.7 2,361.2 7,778.7 1,737.1 1,740.3 1,688.1 1,652.5 1,678.8 1,562.8 1,544.8 1,530.4 1,518.8 1,469.0 1,449.4 1,290.8 1,333.7 3,128.2
Total Assets 17,936.6 16,228.8 17,610 16,273.9 15,497.4 14,908.6 16,566.4 15,157.3 14,697.8 16,802.8 14,677.6 15,730.9 15,383.5 14,955.3 16,486 16,262 16,527 16,451 16,686.1 15,426.9 14,431.9 12,796 12,638.8 12,288.0 11,675.5 11,519.2 11,804.1 15,531.2 15,040.8 14,376.0 11,380.1 9,959.4 13,019.2 13,056.2 9,347.0 9,314.3 8,874.4 11,846.1 9,246.5 11,780.7 11,125.2 5,486.2 5,503.1 5,530.3
Current Liabilities
Account Payables 0 0 946.8 0 723.5 66.7 897.2 0 0 63.3 810.9 789.7 720.5 51 1,115 1,015 1,051 87 1,252.0 1,070.8 1,113.4 56 830.0 781.5 664.0 58.6 812.5 709.3 631.5 47.1 826.7 770.7 709.6 68.5 741.6 697.0 675.8 59.3 813.9 825.1 760.5 678.9 674.0 32.0
Short-Term Debt 0 81.3 1,078.4 0 735.8 643.8 878.2 0 0 853.3 530.4 585.7 502.9 920.3 341 429 558 538 593.6 611.0 645.5 516 526.5 478.6 441.7 438.4 0 0 0 0 86.5 96.2 0 0 0 0 0 0 0 0 0 0 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 0 261.5 243.1 228.5 16.6 255.3 239.5 226.3 22.8 250.9 233.6 217.1 20.0 230.7 211.9 196.8 144.2 135.6 144.8
Other Current Liabilities 0 (81.3) 7,178.7 0 5,996.3 5,397.6 6,235.6 0 0 (1,349.5) (1,349.5) (1,443.9) (1,278.2) (1,464) (1,460) (1,448) (1,615) (1,330) (1,926.1) (1,724.5) (1,846.0) (1,097) (1,404.4) (1,362.2) (1,142.1) (844.9) 498.5 (818.1) (686.0) (350.1) (918.6) (871.9) (714.2) (364.6) (834.4) (790.9) (705.7) (346.0) 204.1 (613.2) (563.7) (839.7) (821.7) (176.7)
Total Current Liabilities 0 0 9,338.6 0 7,493.1 7,011.7 8,135.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 351.6 351.8 283.0 25.6 260.7 244.6 231.0 95.9 343.8 327.5 247.1 89.7 296.8 259.9 216.6 160.7 147.7 176.7
Non-Current Liabilities
Long-Term Debt 1,545.2 1,684.3 1,545.5 1,546.8 1,546.4 1,546.6 1,847.7 1,399.7 1,396 1,093.9 1,392.2 1,393.3 1,394.5 1,091.8 1,647 1,646 1,647 1,648 1,648.9 1,008.2 1,009.4 1,011 1,011.8 1,010.6 847.2 568.2 728.3 729.6 731.0 572.0 735.3 736.4 731.5 732.8 734.1 734.5 735.5 731.8 737.9 579.5 580.5 308.2 111.4 259.3
Deferred Tax Liabilities 312.7 312.7 139.1 139.1 139.1 139.1 63.6 63.6 63.6 63.6 18.8 18.8 18.8 16.3 314 314 345 345 291.2 291.2 291.2 291 266.1 266.1 266.1 266.1 217.1 217.1 217.1 217.1 219.3 219.3 219.3 219.3 242.2 242.2 242.2 242.2 133.1 133.1 133.1 0 0 0
Other Non-Current Liabilities 10,160.5 8,353.2 818.5 9,011.7 852.2 843.9 956.4 8,433.9 8,013.9 (1,600.9) (1,873.5) (1,868.5) (1,862) (1,574.3) (2,453) (2,446) (2,459) (2,491) (2,451.0) (1,827.7) (1,836.5) (1,870) (1,781.7) (1,836.9) (1,675.6) (1,409.4) 0 0 0 4,072.8 5,375.4 4,068.8 3,871.3 3,369.8 3,707.0 3,794.8 0 3,097.4 0 (924.5) (910.4) (308.2) (251.4) (259.3)
Total Non-Current Liabilities 12,424.4 10,704.5 2,946.2 11,124.6 2,963.4 2,969.9 3,319.9 10,324.7 9,891.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,526.3 1,515.2 1,510.6 1,032.4 370.1 1,195.2 1,177.1 1,032.9 1,227.2 1,210.2 1,194.8 1,047.8 1,101.8 924.5 910.4 95.1 251.4 259.3
Total Liabilities 12,424.4 10,729.3 12,284.8 11,124.6 10,456.5 9,981.6 11,455.8 10,324.7 9,891.9 11,940 10,135.6 10,944 10,604.6 10,274.1 11,955 11,329 11,148 10,668 11,073.1 10,152.0 9,466.2 7,874 7,903.9 7,712.4 7,306.6 7,094.2 7,557.9 11,443.2 11,160.3 10,630.6 7,704.1 6,388.2 9,546.8 9,573.2 6,048.6 6,116.1 5,796.9 8,831.8 6,217.9 8,836.7 8,279.3 3,606.6 3,454.3 3,497.4
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 2,174.4 0
Retained Earnings 4,079.5 4,011.8 3,857.1 3,724.5 3,634.8 3,617.3 3,601.4 3,761.9 3,701.6 3,710.6 3,739 3,796.2 3,712.3 3,714.3 3,722 3,775 3,721 3,680 3,476.9 3,088.6 2,837.2 2,655 2,426.9 2,294.6 2,173.7 2,161.0 1,985.1 1,845.9 1,707.1 1,644.2 1,600.3 1,496.6 1,384.7 1,311.1 1,129.0 1,150.6 1,066.7 1,046.8 1,012.5 943.2 870.1 4.6 0 0
Accumulated Other Comprehensive Income (322.5) (256.7) (286.2) (345.6) (399.8) (496.4) (290.5) (729.7) (720.5) (655.8) (1,009.6) (824) (755.9) (868.9) (1,048) (750) (461) (92) (66.1) (11.8) (55.8) 40 23.8 11.4 (61.9) (41.5) (31.7) (37.7) (94.3) (160.6) (192.9) (181.4) (158.5) (67.5) (61.8) (173.0) (198.0) (230.4) (173.1) (175.8) (191.5) (167.1) (139.0) (147.5)
Total Stockholders' Equity 5,489.6 5,499.5 5,301.1 5,126.2 5,019.3 4,908.5 5,092.2 4,813.6 4,787.1 4,848.1 4,527.2 4,772.4 4,756.5 4,657.8 4,508 4,916 5,363 5,767 5,597.1 5,263.7 4,955.3 4,910 4,723.8 4,565.4 4,359.3 4,420.5 4,242.1 4,084.9 3,878.0 3,741.9 3,674.2 3,569.5 3,470.5 3,480.0 3,293.9 3,193.4 3,072.5 3,008.2 3,022.3 2,941.1 2,843.3 1,866.3 2,035.4 2,019.8
Total Liabilities & Equity 17,936.6 16,228.8 17,610 16,273.9 15,497.4 14,908.6 16,566.4 15,157.3 14,697.8 16,802.8 14,677.6 15,730.9 15,383.5 14,955.3 16,486 16,262 16,527 16,451 16,686.1 15,426.9 14,431.9 12,796 12,638.8 12,288.0 11,675.5 11,519.2 11,804.1 15,531.2 15,040.8 14,376.0 11,380.1 9,959.4 13,019.2 13,056.2 9,347.0 9,314.3 8,874.4 11,846.1 9,246.5 11,780.7 11,125.2 5,486.2 5,503.1 5,530.3
Debt Metrics
Total Debt 1,751.9 1,905.9 2,845.3 1,769.5 2,511.7 2,420.3 2,968.1 1,636.7 1,631.4 2,193.8 2,177.4 2,242.2 2,162 2,281.4 2,266 2,359 2,471 2,460 2,509.2 1,897.2 1,938.2 1,823 1,839.8 1,799.0 1,613.6 1,329.4 1,281.3 1,245.1 1,192.6 808.3 821.8 832.6 731.5 732.8 734.1 734.5 735.5 736.7 737.9 579.5 580.5 308.2 251.4 259.3
Net Debt (684.3) 518.6 (146.2) (261.7) 403.8 616.8 (40.7) (411.9) 125 (1,467.3) 543 (59.6) 125.1 994.5 (156) 547 711 1,174 504.1 (374.5) (133.2) 502 285.9 236.3 524.2 (201.0) (468.2) (204.9) (189.6) (695.0) (1,421.1) (434.9) (484.4) (695.8) (428.8) (454.1) (333.9) (290.7) (727.6) (684.1) (418.3) (270.8) (205.6) (323.7)
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 124.8 211.9 189.9 147.1 74.8 72.9 (104) 116 46.7 34.1 (1.2) 136.4 45.9 54 2.4 110 98 260.7 450 304 234.5 281.4 182.3 171.7 63.8 224.6 188.2 187.3 109.8 93.2 151.5 155.1 76.2 220.7 21.2 121.9 58.1 81.0 107.4 102.5 52.7
Depreciation & Amortization 54.6 55.9 54.8 53 52.5 52 53.2 52.1 50.1 49.6 47.3 46.1 45.5 43 41.4 42 41 39.5 39 41 38.3 38.3 0 41.0 31.4 31.5 31.7 32.9 32.9 33.4 31.7 31.1 29.7 31.8 36 30.1 30.1 28.1 24.5 24.0 22.4
Stock-Based Compensation 27.1 0 11.8 17.2 30.6 9.5 9.7 9.4 23.4 8.2 8.9 9 23 7 8.2 8.7 43 7.4 7 9 31.2 6.7 0 9.7 25.9 7.6 7.6 7.8 19.6 6.8 7.2 7.6 19.5 6.2 6.6 7.5 17.0 6.0 6.1 6.1 15.9
Change in Working Capital (274.1) 29.2 61.3 166.1 (206) 125.7 (7.2) (123.9) 68.6 (235.1) 22.7 82.6 (191.3) 11 8.4 (123) (239) 25.6 151 (59) (44.8) 144.2 (111.0) 158.0 (206.3) 50.1 55.0 39.9 (100.0) 101.4 41.2 15.4 (92.5) (90.7) 142.2 80.3 (84.2) 98.9 (24.7) 70.8 (145.2)
Other Non-Cash Items 73.2 72.3 (45.3) (21.6) (4.7) 64.5 285.2 213.1 (119.5) 64.7 (23.7) (1) (15.4) 132 242.2 151 97 2.1 (248) (42) 18.7 (4) 241.8 (36.5) 32.9 2.8 22.2 (0.2) (1.3) (1.4) 3.1 0.6 (3.2) 0.7 (3.4) (0.9) (26.4) 16.0 (6.5) 2.4 (2.7)
Operating Cash Flow 5.6 369.3 272.5 361.8 (52.8) 324.6 236.9 266.7 69.3 (41.7) 219.3 269 (92.3) 247 302.6 189 40 344.0 399 253 223.9 403.6 313.1 343.8 24.2 301.4 310.6 266.6 34.5 308.3 230.8 210.9 43.2 176.6 220.9 228.5 6.1 237.2 105.8 202.8 (56.4)
Investing Activities
Capital Expenditure (38.3) (44.8) (49.4) (52.4) (41.7) (58.4) (51.5) (56.7) (51.7) (58.1) (65.8) (76.4) (63.1) (71) (71.5) (75) (43) (49.9) (43) (39) (28.6) (22.5) (33.6) (28.8) (29.2) (28.8) (24.2) (26.6) (27.4) (30.9) (31.6) (33.4) (22.3) (31.1) (33.5) (39.6) (29.9) (28.5) (42.8) (31.1) (29.9)
Acquisitions (0.2) (0.1) 1.5 0.5 (4.4) (10.3) 0.2 (2.8) 0.6 (5.6) (1.1) (13.1) (4.9) 519 (74.2) (194) (9) (126.0) (57) (4) (14.9) (16.6) (1.1) 44.8 (431.0) (101) (14.9) (4.5) (0.2) (5.4) 31.6 (49.3) (24.5) 83.0 (79.1) (4.2) 0.2 (33.5) (54.7) (17.7) (0.7)
Purchases of Investments (987) (1,008.9) (555.9) (933.9) (468.2) (1,014.9) (4,707.1) (240.1) (389) (300.9) (394.4) (493.5) (281.3) (1,014) (886.8) (478) (764) (1,238.8) (1,966) (1,711) (1,431.1) (790.1) (868.0) (681.4) (588.3) (647.2) (470.9) (495.8) (727.0) (1,233.6) (757.5) (580.6) (586.1) (694.2) (246.5) (687.9) (342.0) (571.9) (591.2) (616.0) (283.6)
Sales/Maturities of Investments 268.7 723.5 443.9 408.7 281.9 791.2 4,705 309.8 401.5 758.1 361.7 503.3 937.1 920 925.8 571 748 755.6 708 953 691.7 537.1 654.7 753.9 532.2 688.3 604.6 517.0 524.2 1,051.9 329.2 413.0 341.0 749.7 280.8 430.4 348.1 439.7 543.5 417.2 281.2
Other Investing Activities (58.9) 185 (193.8) (146.1) (2.1) 259.3 (245.7) 90.6 (188.7) 21.2 38.5 (101.3) (160.9) (494) 46.4 90 (39) 94.2 61 48 3.6 (27.4) (142.6) (101.1) (176.5) 61.5 (152.3) (66.9) (60.1) 12.1 (18.6) (29.0) 3.3 (102.4) 1.9 9.3 (0.2) 0.1 0.1 0.6 9.1
Investing Cash Flow (815.7) (145.3) (353.7) (723.2) (234.5) (33.1) (299.1) 100.8 (227.3) 414.7 (61.1) (181) 426.9 (140) (60.3) (86) (107) (565.0) (1,297) (753) (779.3) (319.5) (390.5) (12.7) (692.8) (27.2) (57.7) (76.7) (290.6) (205.9) (446.8) (279.3) (288.7) 5.0 (76.4) (292.0) (23.7) (194.2) (145.1) (247.1) (23.8)
Financing Activities
Net Debt Issuance 171.6 (173.6) 193 147.3 91.4 (535.2) 678.8 (48.2) 134.9 21.6 (56.7) 81.1 (115.2) 42 (95.8) (132) 16.5 (69.8) 622 (34) 127 (12.0) 46.6 199.4 281.9 43.6 42.0 61.0 49.9 (11.4) (11.1) 25.1 (1.4) (1.4) (1.5) (1.3) (1.3) (1.4) 158.6 (1.3) (1.0)
Stock Repurchased (33.5) (2.9) (33.6) (60.5) (28.2) (8.2) (16.1) (40.7) (3.5) (17.7) (9.3) (15.3) (30.4) (34) (71.9) (226.8) (108) (20.2) (14) 0 (64.8) (69.7) 0 (3.1) (65.8) 0 0 0 (2.1) (18.8) 0 0 0 0 0 0 0 0 0 0 (0.5)
Dividends Paid (56.2) (56) (56) (55.3) (55.7) (55.5) (55.6) (54.7) (54.9) (54.5) (54.7) (53.6) (53.8) (53) (54) (54) (56) (55.9) (56) (50) (51.0) (50.9) (49.1) (49.0) (49.7) (47.2) (47.1) (47.1) (47.0) (46.9) (46.9) (42.4) (42.3) (42.1) (42.1) (37.6) (37.5) (37.3) (37.3) (28.5) (28.4)
Other Financing Activities 1,787.4 (1,525.2) 861.5 304 604.8 (910.3) 354 318.6 (2,012.8) 1,698.6 (699.3) 154.2 623.1 (1,205) 606.6 358.8 690.5 (361.6) 82 779 1,294.1 (218.7) 81.9 (9.5) 78.2 (499.7) 54.7 (129.3) 123.2 (762.3) 1,255.0 137.8 77.6 106.7 (129.1) 218.7 96.5 (436.6) 119.9 343.6 57.0
Financing Cash Flow 1,862.7 (1,750.7) 964.9 335.5 612.3 (1,509.2) 961.1 175 (1,936.3) 1,648 (820) 171.4 423.7 (1,250) 384.9 (54) 543 (507.4) 634 695 1,305.1 (351.8) 83.7 137.8 244.6 (503.2) 49.6 (115.4) 124.0 (836.7) 1,197.0 120.5 33.9 63.1 (172.6) 179.8 57.7 (475.4) 241.2 313.9 27.1
Cash Position
Net Change in Cash 1,048.9 (1,524.2) 880.3 (13.9) 327 (1,235.3) 904.8 542.2 (2,098.9) 2,026.2 (666.8) 262.5 759.9 (1,137) 616.6 41 476 (726.0) (270) 197 750.6 (236.9) (11.0) 473.4 (436.0) (225.0) 299.0 74.9 (130.1) (738.2) 978.8 49.9 (210.6) 245.3 (24.8) 119.3 41.3 (437.2) 201.5 265.9 (51.4)
Cash at Beginning 1,387.3 2,911.5 2,031.2 2,045.1 1,718.1 2,953.4 2,048.6 1,506.4 3,605.3 1,579.1 2,245.9 1,983.4 1,223.5 2,361 1,744.6 1,704 1,228 1,954.0 2,223 2,026 1,275.5 1,512.4 1,523.3 1,050.0 1,486.0 1,711.0 1,412.0 1,337.1 1,467.1 2,205.3 1,226.5 1,176.6 1,387.2 1,141.9 1,166.8 1,047.5 1,006.1 1,443.3 1,241.8 975.9 1,027.3
Cash at End 2,436.2 1,387.3 2,911.5 2,031.2 2,045.1 1,718.1 2,953.4 2,048.6 1,506.4 3,605.3 1,579.1 2,245.9 1,983.4 1,224 2,361.2 1,745 1,704 1,228 1,953 2,223 2,026.0 1,275.5 1,512.4 1,523.3 1,050.0 1,486.0 1,711.0 1,412.0 1,337.1 1,467.1 2,205.3 1,226.5 1,176.6 1,387.2 1,141.9 1,166.8 1,047.5 1,006.1 1,443.3 1,241.8 975.9
Free Cash Flow (32.7) 324.5 223.1 309.4 (94.5) 266.2 185.4 210 17.6 (99.8) 153.5 192.6 (155.4) 176 231.1 114 (3) 294.1 356 214 195.3 381.1 279.5 315.0 (5.1) 272.6 286.4 240.1 7.1 277.5 199.2 177.6 20.8 145.5 187.4 188.9 (23.8) 208.7 63.0 171.7 (86.2)
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 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
Income Statement
Revenue 143.3 2,049.7 1,978.9 1,841.3 1,582.3 1,677.7 1,406.1 1,612.3 1,424.6 1,423.9 1,481.2 1,646.9 1,446.1 1,674 1,824.3 2,062.5 2,033.7 2,366.0 2,556 2,266 2,026 2,145.6 1,913.7 1,608.7 1,412.9 1,725.8 1,671.2 1,498.6 1,303.6 1,417.1 1,542.2 1,491.2 1,297.4 1,481.3 1,519.6 1,454.4 1,317.0 1,504.3 1,508.3 1,361.5 1,201.7 1,356.7 1,383.9 1,323.8 1,111.1 1,255.5 1,259.7 1,150.0 1,012.8 1,219.9 1,301.0 1,288.5 1,146.8 1,276.8 1,208.4 1,089.8 966.8 996.6 965.0 927.3 931.7 1,024.7 1,003.5 969.9 908.4 1,032.8 1,100.6 1,025.1 888.4 914.3
Gross Profit 65.5 1,965.9 1,248 1,185.9 986.7 1,040.6 767.6 1,040.6 907.3 895.1 858.7 1,061 894.8 969 968 1,187.8 1,153.5 1,419.5 1,606 1,397 1,215 1,316.2 1,183.1 997.6 820.1 1,081.6 1,027.7 960.4 809.3 842.8 934.4 938.0 780.2 888.9 901.3 907.7 760.7 884.4 876.2 835.5 689.6 771.8 782.3 805.6 666.8 742.5 745.0 683.2 586.3 706.6 745.6 693.7 643.2 (202.8) 747.0 673.1 577.9 895.4 852.8 850.1 802.2 944.3 917.1 886.9 837.4 951.8 1,013.9 929.1 805.3 732.7
Operating Income 161.8 287.4 247 195.2 96.6 99.9 (144.4) 151.6 92.6 38.4 (1.7) 178.1 59.6 58 (3.2) 141.4 129.8 333.4 604 399 306 382.3 243.4 225.3 72.3 288.5 245.3 229.5 141.7 118.9 195.6 202.0 93.1 159.3 18.0 184.2 83.9 81.5 166.9 153.6 75.6 116.8 115.4 141.6 58.9 122.9 116.0 76.5 35.3 84.8 107.0 59.2 59.6 147.7 155.9 112.3 51.5 66.1 38.4 49.2 (23.4) 74.6 56.0 57.0 24.5 61.1 68.5 64.5 10.1 (101.0)
Net Income 125.1 211.9 189.6 146.1 74.2 72.4 (104) 116 46.7 34.1 (1.7) 138.5 45.9 54 2 108.8 97.9 259.8 445 302 234 280.3 182.3 170.7 63.2 224.0 187.2 186.7 109.6 91.6 151.5 155.1 76.2 221.1 21.4 122.3 58.3 81.0 107.3 102.1 52.5 81.6 75.5 93.3 37.6 80.5 80.7 50.6 21.7 51.6 63.9 34.7 36.2 93.3 103.5 73.0 31.3 40.2 21.0 32.3 (15.3) 47.1 33.1 33.8 13.8 50.1 38.8 28.6 4.9 (66.7)
EPS (Diluted) 1.21 2.05 1.83 1.41 0.71 0.69 -1.00 1.11 0.45 0.33 -0.02 1.33 0.44 0.51 0.03 1.01 0.88 2.33 4.00 2.72 2.10 2.49 1.62 1.52 0.55 1.97 1.65 1.64 0.97 0.81 1.34 1.37 0.67 1.96 0.19 1.09 0.52 0.73 0.96 0.92 0.47 0.74 0.69 0.85 0.34 0.74 0.74 0.47 0.20 0.48 0.59 0.31 0.33 0.85 0.95 0.68 0.29 0.38 0.20 0.30 -0.15 0.45 0.31 0.32 0.13 0.48 0.37 0.27 0.05 -0.64
Balance Sheet
Cash & Equivalents 2,436.2 1,387.3 2,991.5 2,031.2 2,107.9 1,803.5 3,008.8 2,048.6 1,506.4 3,661.1 1,634.4 2,301.8 2,036.9 1,286.9 2,422 1,812 1,760 1,286 2,005.1 2,271.7 2,071.4 1,321 1,553.9 1,562.7 1,089.4 1,530.4 1,749.5 1,450.0 1,382.1 1,503.3 2,242.9 1,267.5 1,215.8 1,428.6 1,162.9 1,188.5 1,069.4 1,027.4 1,465.6 1,263.6 998.8 579.0 457.0 583.0
Total Assets 17,936.6 16,228.8 17,610 16,273.9 15,497.4 14,908.6 16,566.4 15,157.3 14,697.8 16,802.8 14,677.6 15,730.9 15,383.5 14,955.3 16,486 16,262 16,527 16,451 16,686.1 15,426.9 14,431.9 12,796 12,638.8 12,288.0 11,675.5 11,519.2 11,804.1 15,531.2 15,040.8 14,376.0 11,380.1 9,959.4 13,019.2 13,056.2 9,347.0 9,314.3 8,874.4 11,846.1 9,246.5 11,780.7 11,125.2 5,486.2 5,503.1 5,530.3
Total Debt 1,751.9 1,905.9 2,845.3 1,769.5 2,511.7 2,420.3 2,968.1 1,636.7 1,631.4 2,193.8 2,177.4 2,242.2 2,162 2,281.4 2,266 2,359 2,471 2,460 2,509.2 1,897.2 1,938.2 1,823 1,839.8 1,799.0 1,613.6 1,329.4 1,281.3 1,245.1 1,192.6 808.3 821.8 832.6 731.5 732.8 734.1 734.5 735.5 736.7 737.9 579.5 580.5 308.2 251.4 259.3
Stockholders' Equity 5,489.6 5,499.5 5,301.1 5,126.2 5,019.3 4,908.5 5,092.2 4,813.6 4,787.1 4,848.1 4,527.2 4,772.4 4,756.5 4,657.8 4,508 4,916 5,363 5,767 5,597.1 5,263.7 4,955.3 4,910 4,723.8 4,565.4 4,359.3 4,420.5 4,242.1 4,084.9 3,878.0 3,741.9 3,674.2 3,569.5 3,470.5 3,480.0 3,293.9 3,193.4 3,072.5 3,008.2 3,022.3 2,941.1 2,843.3 1,866.3 2,035.4 2,019.8
Cash Flow
Operating Cash Flow 5.6 369.3 272.5 361.8 (52.8) 324.6 236.9 266.7 69.3 (41.7) 219.3 269 (92.3) 247 302.6 189 40 344.0 399 253 223.9 403.6 313.1 343.8 24.2 301.4 310.6 266.6 34.5 308.3 230.8 210.9 43.2 176.6 220.9 228.5 6.1 237.2 105.8 202.8 (56.4)
Capital Expenditure (38.3) (44.8) (49.4) (52.4) (41.7) (58.4) (51.5) (56.7) (51.7) (58.1) (65.8) (76.4) (63.1) (71) (71.5) (75) (43) (49.9) (43) (39) (28.6) (22.5) (33.6) (28.8) (29.2) (28.8) (24.2) (26.6) (27.4) (30.9) (31.6) (33.4) (22.3) (31.1) (33.5) (39.6) (29.9) (28.5) (42.8) (31.1) (29.9)
Free Cash Flow (32.7) 324.5 223.1 309.4 (94.5) 266.2 185.4 210 17.6 (99.8) 153.5 192.6 (155.4) 176 231.1 114 (3) 294.1 356 214 195.3 381.1 279.5 315.0 (5.1) 272.6 286.4 240.1 7.1 277.5 199.2 177.6 20.8 145.5 187.4 188.9 (23.8) 208.7 63.0 171.7 (86.2)