Ferguson plc logo FERG - Ferguson plc

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $274.63 DETAILS
HIGH: $300.00
LOW: $220.00
MEDIAN: $284.50
CONSENSUS: $274.63
UPSIDE: 22.98%
Metric 2026 Q3 2026 Q2 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 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Revenue
Revenue 7,472 7,495 8,169 8,497 7,621 6,872 7,772 7,946 7,308 6,673 7,708 7,838 7,140 6,825 7,931 7,971 7,284 6,508 6,803 6,567 5,916 4,937 5,372 5,023.5 5,023.5 4,946.5 4,946.5 3,300.5 5,581.5 5,423.5 5,423.5 5,362.5 5,362.5 5,013.5 5,013.5 4,951 4,951 4,691 4,691 3,820.2 4,210.4 4,838.9 5,151.5 4,895.7 5,580.5 4,990.5 4,870.4 5,222.1 5,351.3 4,973.5 5,055.2
Cost of Revenue 5,154 5,289 5,663 5,803 5,262 4,830 5,432 5,485 5,076 4,644 5,377 5,436 5,000 4,763 5,510 5,536 5,079 4,519 4,676 4,505 4,091 3,436 3,780 3,525.5 3,525.5 3,453 3,453 2,220.5 3,948.5 3,826.5 3,826.5 3,802.5 3,802.5 3,542 3,542 3,523.5 3,523.5 3,325.5 3,325.5 2,712.1 2,989.1 3,489.8 3,715.3 3,542.4 4,017.6 3,601.2 3,514.5 3,770.4 3,863.7 3,593.0 3,652.0
Gross Profit 2,318 2,206 2,506 2,694 2,359 2,042 2,340 2,461 2,232 2,029 2,331 2,402 2,140 2,062 2,421 2,435 2,205 1,989 2,127 2,062 1,825 1,501 1,592 1,498 1,498 1,493.5 1,493.5 1,080 1,633 1,597 1,597 1,560 1,560 1,471.5 1,471.5 1,427.5 1,427.5 1,365.5 1,365.5 1,108.1 1,221.3 1,349.1 1,436.2 1,353.3 1,562.9 1,389.3 1,355.9 1,451.7 1,487.6 1,380.5 1,403.1
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 0 0 0 0 0 0 0 0 0
SG&A Expenses 1,607 1,610 1,641 1,662 1,589 1,540 1,585 1,563 1,510 1,469 1,512 1,544 1,435 1,432 1,509 1,544 1,415 1,362 1,314 0 1,221 1,109 1,074 1,056.5 1,017.5 1,127.5 1,127.5 4,527 1 0 1.5 0 0.5 0 0 0 1 0 0.5 0 0.7 0 0.8 0 0.8 0 1.6 0 3.1 0 5.6
Other Expenses 99 0 94 107 164 92 90 87 97 83 80 76 208 81 81 77 78 72 74 1,317 84 73 68 153.5 115.5 6.5 6.5 (3,770) 1,286 1,242.5 1,237 1,191 1,190.5 1,160.5 1,159 981 976.5 1,073 1,073 893.0 982.0 1,258.2 1,341.9 1,046.9 1,226.9 1,122.0 1,095.0 1,228.5 1,255.7 1,218.8 1,233.2
Operating Expenses 1,706 1,610 1,735 1,769 1,753 1,632 1,675 1,650 1,607 1,552 1,592 1,620 1,643 1,513 1,590 1,621 1,493 1,434 1,388 1,317 1,305 1,182 1,142 1,210 1,133 1,134 1,134 757 1,287 1,242.5 1,238.5 1,191 1,191 1,160.5 1,159 981 977.5 1,073 1,073.5 893.0 982.7 1,258.2 1,342.7 1,046.9 1,227.7 1,122.0 1,096.6 1,228.5 1,258.9 1,218.8 1,238.8
Operating Income
Operating Income 612 596 771 925 606 410 665 811 625 477 739 782 497 549 831 814 712 555 739 745 520 319 450 288 364 359.5 359.5 323.5 346.5 354.5 377.5 369 369 311 311 446.5 446.5 292.5 292.5 215.1 237.1 90.9 96.8 306.5 335.2 267.3 261.7 280.2 287.1 229.8 233.6
Interest Expense 45 48 46 50 46 48 46 47 43 44 45 48 48 47 41 40 22 22 27 66 28 45 28 0 40 35 35 0 0 0 0 0 0 0 0 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 17 0 0 0 23.5 23.5 (49) 19 0 15.5 0 13.5 0 16.5 0 14 0 13.2 0 11.2 0 23.6 0 8.8 0 21.0 0 8.9
Profitability
EBITDA 709 677 852 1,092 697 510 760 893 709 560 816 856 576 623 914 892 790 626 812 1,084 604 376 518 349.5 437.5 432.5 432.5 347.5 448.5 490.5 422.5 441 441 384.5 384.5 382.5 382.5 361.5 361.5 342.6 377.6 333.5 355.1 357.1 379.1 326.6 318.7 304.5 312.0 331.2 336.7
EBIT 612 582 758 995 603 418 670 806 624 477 736 778 495 542 833 815 712 554 738 746 520 319 450 276 364 366 366 277.5 394.5 393 356 386.5 386.5 334 334 336 336 292.5 292.5 280.2 308.8 269.7 287.1 316.6 320.0 268.2 261.7 280.2 287.1 229.8 233.6
Income Before Tax 560 534 712 872 557 370 624 759 581 433 691 730 447 495 792 775 690 532 711 679 492 298 422 312 332 314 314 299.5 322.5 339.5 362.5 294.5 294.5 299 299 433.5 433.5 278 278 204.5 225.4 77.4 82.4 292.1 322.6 256.6 250.5 202.7 207.7 152.9 155.5
Income Tax Expense 146 145 142 172 147 94 154 308 138 111 172 146 111 121 197 193 144 96 176 (6) 120 21 106 55.5 73.5 85 85 58 62 73.5 69.5 94 94 79 79 107 107 78 78 71.0 78.3 68.4 72.8 90.3 90.3 71.6 69.8 81.2 83.2 54.7 55.6
Net Income 414 389 570 700 410 276 470 451 443 322 519 584 336 374 595 580 546 436 560 710 369 94 335 247 247 229 229 241.5 260.5 293 270 404.5 200.5 229 220 323.5 323.5 136.5 136.5 259.6 286.1 (43.6) (46.4) 232.2 232.2 188.4 180.6 121.5 124.5 98.3 99.9
Per Share Data
EPS (Basic) 2.13 1.99 2.91 3.54 2.07 1.38 2.34 2.24 2.19 1.58 2.55 2.86 1.64 1.81 2.85 2.72 2.51 1.98 2.53 3.21 1.65 1.24 1.50 1.13 1.12 1.01 1.01 1.04 1.12 1.17 1.17 0.87 0.87 0.92 0.92 1.36 1.36 0.84 0.84 0.58 0.63 0.04 0.04 0.81 0.93 0.72 0.71 0.49 0.50 0.38 0.38
EPS (Diluted) 2.13 1.99 2.90 3.54 2.07 1.38 2.33 2.23 2.18 1.58 2.54 2.85 1.63 1.80 2.84 2.71 2.50 1.97 2.51 3.19 1.64 1.23 1.49 1.13 1.14 1.01 1.01 1.04 1.12 1.16 1.16 0.87 0.87 0.92 0.92 1.36 1.36 0.83 0.84 0.58 0.63 0.04 0.04 0.80 0.93 0.72 0.71 0.49 0.50 0.38 0.38
Shares Outstanding 194.6 195.7 196.2 198.9 198.3 199.6 200.8 202.3 202.6 203.4 203.8 204.3 205.4 207.1 208.7 213.2 217.1 220 221.4 221.4 223.9 223.6 223.6 226.5 226.5 227.3 227.3 232 232 231.8 231.8 230.6 230.6 238.3 238.3 240.1 240.1 239.5 239.5 240.9 240.9 246.9 246.9 250.1 250.1 255.6 255.6 249.3 249.3 260.6 260.6
Metric 2026 Q3 2026 Q2 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 Q2 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 2015 Q3 2010 Q2 2009 Q4 2009 Q2 2004 Q2 2003 Q4 2003 Q2 2002 Q4 2001 Q2 2000 Q4 2000 Q2
Current Assets
Cash & Cash Equivalents 820 557 526 674 556 815 654 571 755 704 808 669 675 597 638 771 1,160 828 2,166 1,335 1,723 2,115 2,115 775 775 1,133 1,133 699 699 833 833 2,308 2,308 2,427.6 2,525 1,082.5 1,057.5 1,162.8 1,375.6 1,877.8 1,698.0 655.0 1,060.9 642.8 0 347.8 0 320.5 0 192.3 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 9 9 9 9 0 0 0 0 0 0 5 7 12.5 0 0 0 0 15.4 0 259.0 10.1 0 11.1 0 14.5 0 12.4 0
Net Receivables 3,669 3,312 3,807 3,964 3,748 3,200 3,642 3,602 3,532 3,092 3,600 3,597 3,382 3,166 3,609 3,610 3,431 2,931 3,066 2,786 2,576 2,568 2,568 2,968 2,968 2,719 2,719 2,970 2,970 2,755 2,610 2,781 2,781 2,340 2,340 2,802.4 2,723.1 2,515.0 2,771.8 2,978.1 2,529.4 2,910.8 3,380.4 4,214.3 0 283.8 0 268.1 0 1,525.3 0
Inventory 4,676 4,588 4,613 4,492 4,548 4,273 4,393 4,188 4,115 3,968 4,106 3,898 4,089 4,173 4,233 4,333 4,113 3,776 3,660 3,273 3,011 2,880 2,880 2,970 2,970 2,821 2,821 2,915 2,915 2,516 2,516 2,590 2,590 2,399 2,399 2,706.1 2,643.8 2,665.1 2,951.8 2,908.6 2,593.9 2,698.3 2,713.2 3,127.6 2,367.6 2,099.6 1,702.7 1,643.8 1,405.9 1,466.3 1,432.6
Other Current Assets 1,000 1,079 1,081 1,016 924 937 936 1,049 912 852 956 913 763 832 902 837 824 796 780 3 51 468 468 40 40 162 439 66 66 151 562 1,594 1,594 1,939.4 2,074 185.4 201.5 262.5 482.9 316.8 646.9 201.3 64.6 64.9 2,648.1 2,784.3 2,022.2 2,079.6 1,642.2 393.2 1,651.4
Total Current Assets 10,165 9,536 10,027 10,146 9,776 9,225 9,625 9,410 9,314 8,616 9,470 9,077 8,909 8,768 9,382 9,551 9,528 8,331 9,672 8,129 7,361 8,077 8,077 6,762 6,762 7,195 7,195 6,650 6,650 6,604 6,604 9,273 9,273 9,415 9,415 6,782.2 6,625.9 6,911.9 7,655.3 8,081.3 7,565.1 6,465.5 7,864.0 8,059.7 5,015.7 5,609.9 3,724.8 4,394.2 3,048.1 3,659.7 3,084.0
Non-Current Assets
Property, Plant & Equipment 3,824 3,743 3,727 3,609 3,510 3,445 3,390 3,317 3,203 3,198 3,151 3,069 2,863 2,776 2,635 2,576 2,506 2,471 2,418 2,407 2,224 2,500 2,500 2,614 2,614 1,349 1,349 1,316 1,316 1,086 1,086 1,122 1,122 1,062.0 1,068 1,854.9 1,812.2 1,894.8 2,098.6 2,001.4 1,788.7 2,374.0 2,661.4 2,875.4 1,250.1 1,154.3 948.5 910.4 822.0 797.2 744.2
Goodwill 2,481 2,470 2,464 2,464 2,427 2,361 2,363 2,357 2,325 2,264 2,242 2,241 2,090 2,094 2,042 2,048 1,935 1,923 1,883 1,828 1,801 1,721 1,721 1,691 1,691 1,656 1,656 1,632 1,632 1,408 1,408 1,249 1,249 1,167.1 1,173 1,222.5 1,194.3 1,191.8 1,320.0 1,397.1 1,253.9 2,390.0 3,647.1 2,336.3 0 0 0 0 0 0 0
Intangible Assets 653 0 704 726 750 699 720 753 767 755 760 783 661 799 760 782 628 628 0 546 478 521 521 451 451 423 423 440 440 308 308 264 264 239.2 240 276.2 269.9 266.9 295.6 315.3 299.7 848.3 66.8 1,163.1 1,203.6 1,106.3 818.7 786.3 471.6 415.4 385.0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5 4 4 47 56 62 71 79 79 420 64 233 233 172.4 198 15.0 26.9 30.5 33.7 54.1 61.5 0 (170.4) (4.3) 0 (10.8) 0 (14.4) 0 0 0
Other Non-Current Assets 541 1,238 636 559 605 612 574 554 543 554 496 524 576 565 510 527 507 527 1,341 799 438 633 633 509 1,009 537 692 510 634 193 679 386 535 325.7 463 328.7 445.7 306.4 525.4 523.9 528.6 281.2 661.6 173.0 0 (336.6) 0 (306.0) 0 (192.3) 0
Total Non-Current Assets 7,624 7,616 7,667 7,583 7,489 7,305 7,233 7,162 7,144 7,071 6,948 6,917 6,455 6,448 6,143 6,110 5,778 5,769 5,642 5,580 5,118 5,379 5,379 5,821 5,821 4,191 4,191 4,101 4,101 3,545 3,545 3,403 3,403 3,125.5 3,142 3,837.4 3,748.9 3,858.3 4,273.3 4,291.8 3,932.4 6,345.7 7,274.2 6,854.8 2,453.7 2,260.8 1,767.2 1,696.9 1,293.6 1,212.7 1,129.2
Total Assets 17,789 17,152 17,694 17,729 17,265 16,530 16,858 16,572 16,458 15,687 16,418 15,994 15,364 15,216 15,525 15,661 15,306 14,100 15,314 13,709 12,479 13,456 13,456 12,583 12,583 11,386 11,386 10,751 10,751 10,149 10,149 12,676 12,676 12,492.8 12,557 10,619.6 10,374.8 10,770.2 11,928.6 12,373.1 11,497.5 12,811.1 15,138.3 14,914.5 7,469.4 7,870.8 5,492.0 6,091.0 4,341.7 4,872.4 4,213.2
Current Liabilities
Account Payables 3,677 3,117 3,468 3,577 3,775 3,027 3,430 3,410 3,638 2,985 3,555 3,408 3,297 3,155 3,335 3,607 3,630 3,063 3,213 3,030 3,118 2,855 2,855 3,120 3,120 2,885 2,885 3,034 3,034 2,597 2,597 2,847 2,847 2,335 2,335 3,169.9 3,096.8 2,816.4 3,104.0 3,196.0 2,810.6 3,498.7 3,085.8 3,944.8 0 1,829.0 0 1,210.4 1,232.9 944.4 1,309.4
Short-Term Debt 148 0 0 400 400 400 550 150 150 150 55 55 55 55 0 250 300 296 0 0 221 531 531 722 722 52 52 302 302 383 385 2,178 2,178 2,150 2,150 1,245.0 1,216.3 926.3 1,025.9 1,480.6 1,538.2 637.4 362.5 634.2 1,728.2 617.1 938.9 662.6 829.3 567.2 795.4
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,408 2,008 1,410 1,604 1,368 1,214 1,353 1,261 1,359 1,274 1,554 1,600 1,430 1,368 1,356 1,621 1,862 1,325 3,192 1,445 338 446 446 322 322 587 587 278 278 355 353 1,026 1,026 1,353.5 1,388 132.5 191.7 941.5 355.6 415.7 487.1 252.4 805.3 268.1 2,117.5 263.2 1,518.2 222.9 0 188.7 0
Total Current Liabilities 5,698 5,125 5,339 6,028 5,971 5,057 5,739 5,216 5,529 4,788 5,537 5,429 5,125 4,914 5,095 5,799 6,120 5,004 6,405 4,738 3,939 4,749 4,749 4,435 4,435 4,181 4,181 3,622 3,622 4,016 4,016 6,113 6,113 6,449.5 6,484 4,662.3 4,554.8 4,689.4 5,193.8 5,175.8 5,481.4 4,653.8 5,272.7 5,220.4 3,845.6 3,424.1 2,457.1 2,611.5 2,062.2 2,172.9 2,104.8
Non-Current Liabilities
Long-Term Debt 3,981 5,414 4,121 3,752 3,704 3,949 3,447 3,774 3,518 3,595 3,663 3,711 3,839 3,936 3,759 3,679 3,221 2,749 2,271 2,512 2,629 2,635 2,635 2,019 2,019 2,292 2,292 2,287 2,287 1,522 1,539 1,543 1,543 1,098 1,098 1,461.5 1,420.2 1,552.6 1,719.6 2,338.3 1,403.0 1,612.0 2,866.9 3,931.9 0 1,357.1 0 794.0 0 606.9 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 26 0 0 0 56 0 0 0 42 0 0 0 0 0 0 0 85.9 0 0 0 274.8 294.0 243.6 0 0 0 0 0 0 0
Other Non-Current Liabilities 747 756 744 750 759 779 782 768 734 721 686 691 684 680 650 640 619 670 685 629 461 601 627 844 844 503 559 549 549 509 534 465 465 430 430 610.8 593.5 573.5 730.3 612.0 568.6 1,057.6 776.9 925.3 416.5 231.8 319.5 183.0 242.4 105.9 213.6
Total Non-Current Liabilities 6,217 6,170 6,299 5,869 5,763 5,984 5,464 5,740 5,407 5,481 5,521 5,528 5,518 5,577 5,309 5,197 4,683 4,251 3,752 3,968 4,047 4,336 4,336 4,043 4,043 2,855 2,855 2,839 2,839 2,076 2,076 2,012 2,012 1,533 1,533 2,105.0 2,045.4 2,247.6 2,489.3 2,988.9 2,010.0 3,021.1 4,225.2 5,200.2 416.5 1,588.8 319.5 977.0 242.4 712.8 213.6
Total Liabilities 11,915 11,295 11,638 11,897 11,734 11,041 11,203 10,956 10,936 10,269 11,058 10,957 10,643 10,491 10,404 10,996 10,803 9,255 10,157 8,706 7,986 9,085 9,085 8,478 8,478 7,036 7,036 6,461 6,461 6,092 6,092 8,125 8,125 7,974.1 8,017 6,756.0 6,600.2 6,937.0 7,683.1 8,164.7 7,491.4 7,674.9 9,498.0 10,420.6 4,262.2 5,013.0 2,776.7 3,588.5 2,304.6 2,885.7 2,318.4
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 30 30 30 30 30 30 30 30 30 0 30 0 30 30 30 30 30 30 30 30 45 45 45 45 45 45 45 45 36.4 35.4 38.3 42.4 44.8 44.6 385.0 402.6 237.8 0 233.9 0 226.0 0 215.5 0
Retained Earnings 7,403 0 7,117 6,776 6,241 5,998 5,889 9,589 9,301 9,018 8,858 8,557 8,128 7,945 8,129 7,594 0 6,649 0 6,054 5,489 5,553 5,553 5,194 5,194 5,316 5,316 6,207 6,207 5,972 5,972 6,245 6,245 5,996 5,996 3,873.1 3,763.5 4,016.8 4,426.9 4,333.5 4,172.1 2,425.2 2,932.1 2,112.9 0 2,337.5 0 2,012.0 0 1,533.9 0
Accumulated Other Comprehensive Income 0 0 (978) (971) (916) (964) (933) (931) (914) (897) (922) (934) (844) (841) 0 (830) 0 (828) 0 (854) (412) (563) (563) (556) (556) (598) (598) (554) (554) (556) (556) (656) (656) (746) (746) 609.5 592.3 0 556.1 468.3 179.8 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 5,874 5,857 6,056 5,832 5,531 5,489 5,655 5,616 5,522 5,418 5,360 5,037 4,721 4,725 5,121 4,665 4,503 4,845 5,157 5,003 4,493 4,371 4,371 4,105 4,105 4,350 4,350 4,291 4,291 4,058 4,058 4,554 4,554 4,543 4,543 3,886.9 3,777.0 3,835.8 4,248.4 4,199.1 3,995.4 5,136.3 5,640.3 4,494.0 3,207.3 2,857.8 2,715.4 2,502.6 2,037.1 1,984.4 1,894.9
Total Liabilities & Equity 17,789 17,152 17,694 17,729 17,265 16,530 16,858 16,572 16,458 15,687 16,418 15,994 15,364 15,216 15,525 15,661 15,306 14,100 15,314 13,709 12,479 13,456 13,456 12,583 12,583 11,386 11,386 10,751 10,751 10,149 10,149 12,676 12,676 12,492.8 12,557 10,619.6 10,374.8 10,770.2 11,928.6 12,373.1 11,497.5 12,811.1 15,138.3 14,914.5 7,469.4 7,870.8 5,492.0 6,091.0 4,341.7 4,872.4 4,213.2
Debt Metrics
Total Debt 6,083 5,414 6,016 5,966 5,829 6,021 5,638 5,517 5,205 5,289 5,263 5,258 5,232 5,288 5,063 5,128 4,692 4,197 3,067 3,602 3,997 4,521 4,521 4,186 4,186 2,350 2,348 2,587 2,592 1,911 1,927 3,719 3,725 3,257 3,253 2,736.1 2,668.2 2,519.8 2,785.0 3,857.5 2,979.6 2,353.3 3,229.5 4,698.6 1,728.2 1,974.1 938.9 1,456.6 829.3 1,174.1 795.4
Net Debt 5,263 4,857 5,490 5,292 5,273 5,206 4,984 4,946 4,450 4,585 4,455 4,589 4,557 4,691 4,425 4,357 3,532 3,369 901 2,267 2,274 2,406 2,406 3,411 3,411 1,304 1,215 1,888 1,893 1,164 1,094 1,411 1,417 732 728 1,653.7 1,610.7 1,357.0 1,409.3 1,979.8 1,281.6 1,698.2 2,168.6 4,055.8 1,728.2 1,626.4 938.9 1,136.1 829.3 981.9 795.4
Metric 2026 Q3 2026 Q2 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 2002 Q1
Operating Activities
Net Income 414 389 570 700 410 276 470 451 443 322 519 584 336 374 595 580 546 436 535 674 340 94 316 247 247 233.5 233.5 261 261 293 293 404.5 404.5 229 229 323.5 323.5 136.5 136.5 259.6 286.1 595
Depreciation & Amortization 97 95 94 97 94 92 90 87 85 83 80 78 81 81 81 77 78 72 74 73 (59) 73 68 0 0 132 132 70 54 66.5 66.5 54.5 54.5 50.5 50.5 46.5 46.5 69 69 0 0 81
Stock-Based Compensation 16 0 64 6 0 2 11 10 15 11 13 13 11 14 13 13 14 11 19 19 32 18 11 6.5 1.5 10.5 10.5 2.5 6.5 10.5 10.5 9.5 9.5 8 8 7 7 7 7 4.0 4.4 13
Change in Working Capital 207 (163.0) (307) (256) 175.0 607 (219) (196) 109.9 (109) (52) 247 72 204 (190) (215) (186) 143 (641) (574) (593) (28) (309) 0 0 73 73 45.5 45.5 (54.5) (54.5) (237) (237) (49.5) (49.5) (179) (179) (36.5) (36.5) 0 0 (301)
Other Non-Cash Items 0 (919.1) 9 (6) 30.3 (637) (6) 14 (2.0) (1) (727) (42) 131 (527.1) (1) 13 0 (434) 0 399 774 (17) 108 (253.5) (248.5) (252) (252) 205.5 217.5 (255) (255) 156 156 (107.5) (107.5) 179.5 179.5 (78.5) (78.5) (263.6) (290.5) (188)
Operating Cash Flow 772 (503.3) 430 541 698.2 340 345 366 643.0 306 557 921 631 673 498 468 452 228 (13) 591 457 140 194 0 0 197 197 584.5 584.5 60.5 60.5 387.5 387.5 130.5 130.5 377.5 377.5 97.5 97.5 0 0 501
Investing Activities
Capital Expenditure (92) 48.8 (118) (70) (80.6) (81) (77) (109) (70.5) (101) (91) (80) (119) (147) (95) (95) (74) (70) (51) (64) (51) (66) (60) 0 0 (72.5) (72.5) (76) (76) (115) (115) (63) (63) (69.5) (69.5) (58.5) (58.5) (37.5) (37.5) 0 0 0
Acquisitions 0 221.4 (21) (59) (197.4) (24) (22) (75) (118.1) (55) (12) (437) (0.4) (174) (5) (363) (30) (203) (51) (47) (416) (184) (40) 0 0 (70.5) (70.5) (34) (34) (294.5) (294.5) (148) (148) (60) (60) (17.5) (17.5) (148) (148) 0 0 0
Purchases of 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
Sales/Maturities of 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
Other Investing Activities (2) 29.4 7 50 1.3 9.0 0 1 1.9 21 7 6 1.4 0 (4) (1) (1) 13 22 28 375 349 45 0 0 (7) (7) 12 12 116 116 701.5 701.5 (11) (11) 162.5 162.5 (5.5) (5.5) 0 0 (104)
Investing Cash Flow (94) 299.6 (132) (79) (276.7) (93) (99) (183) (186.8) (135) (96) (511) (118) (321) (104) (459) (104) (260) (80) (83) (86) 99 (55) 0 0 (150) (150) (98) (98) (293.5) (293.5) 490.5 490.5 (140.5) (140.5) 86.5 86.5 (191) (191) 0 0 (104)
Financing Activities
Net Debt Issuance 0 (202.6) (30) 51 (246) 345 75 215 (62.1) 15 (39) (141) (100) 222 (148) 437 493 (560) 1,070 (1,372) 1,306 0 957 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (236.0) 350.0 (208) (189) (251) (252) (256) (213) (171) (142) (108) (124) (220) (198) (366) (627) (501) (369) (140) (261) (139) 0 0 0 0 (188) (188) (75) (75) (19) (19) (173.5) (173.5) (184.5) (184.5) 0 0 (4) (4) 0 0 0
Dividends Paid (174) (4.2) (164) (165) (169.8) (155.0) (158) (319) (159.4) (155.1) (152) (154) (158.7) (411.9) 0 (174) 3.8 (360.0) 0 (576) 0 (460) 0 0 0 (163.5) (163.5) (72.5) (72.5) (150) (150) (555.5) (555.5) (124) (124) (59.5) (59.5) (104.5) (104.5) 0 0 0
Other Financing Activities (3) 3.6 (46) (8) (27.0) (13.0) 125 (18) (4.6) (1.9) (14) (16) (4.3) 0.9 (5) (109.4) (6.8) (4.0) 0 (248) 1 (1,261) 0 0 0 6 6 6 6 376 376 (139) (139) 248 248 (296) (296) 228 228 0 0 (519)
Financing Cash Flow (413) 146.7 (448) (311) (693.7) (75) (214) (318) (397.1) (284) (313) (418) (483) (387) (519) (373) (11) (1,293) 930 (2,457) 1,168 (1,719) 957 0 0 (345.5) (345.5) (141.5) (141.5) 207 207 (868) (868) (60.5) (60.5) (355.5) (355.5) 119.5 119.5 0 0 (519)
Cash Position
Net Change in Cash 263 2 (152) 151 (259) 161 29 (130) 51 (104) 139 (6) 31 (8) (133) (385) 328 (1,331) 831 (1,942) 1,548 (1,490) 1,096 0 0 (299) (299) 341.5 341.5 (27.5) (27.5) 9 9 (73) (73) 111 111 17 17 0 0 (133)
Cash at Beginning 581 555 707 556 815 654 625 755 704 808 669 675 644 652 785 1,170 842 2,173 1,342 3,284 1,736 3,226 2,130 488 488 787 0 0 403 430.5 0 0 440 513 0 0 362 345 0 385.4 385.4 785
Cash at End 844 557 555 707 556 815 654 625 755 704 808 669 675 644 652 785 1,170 842 2,173 1,342 3,284 1,736 3,226 2,130 488 488 (299) 341.5 744.5 403 (27.5) 9 449 440 (73) 111 473 362 17 327.7 385.4 652
Free Cash Flow 680 (454.4) 312 471 617.6 259 268 257 572.5 205 466 841 512 526 403 373 379 158 (64) 527 406 74 134 0 0 124.5 124.5 508.5 508.5 (54.5) (54.5) 324.5 324.5 61 61 319 319 60 60 0 0 501
Key Metrics 2026 Q3 2026 Q2 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 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Income Statement
Revenue 7,472 7,495 8,169 8,497 7,621 6,872 7,772 7,946 7,308 6,673 7,708 7,838 7,140 6,825 7,931 7,971 7,284 6,508 6,803 6,567 5,916 4,937 5,372 5,023.5 5,023.5 4,946.5 4,946.5 3,300.5 5,581.5 5,423.5 5,423.5 5,362.5 5,362.5 5,013.5 5,013.5 4,951 4,951 4,691 4,691 3,820.2 4,210.4 4,838.9 5,151.5 4,895.7 5,580.5 4,990.5 4,870.4 5,222.1 5,351.3 4,973.5 5,055.2
Gross Profit 2,318 2,206 2,506 2,694 2,359 2,042 2,340 2,461 2,232 2,029 2,331 2,402 2,140 2,062 2,421 2,435 2,205 1,989 2,127 2,062 1,825 1,501 1,592 1,498 1,498 1,493.5 1,493.5 1,080 1,633 1,597 1,597 1,560 1,560 1,471.5 1,471.5 1,427.5 1,427.5 1,365.5 1,365.5 1,108.1 1,221.3 1,349.1 1,436.2 1,353.3 1,562.9 1,389.3 1,355.9 1,451.7 1,487.6 1,380.5 1,403.1
Operating Income 612 596 771 925 606 410 665 811 625 477 739 782 497 549 831 814 712 555 739 745 520 319 450 288 364 359.5 359.5 323.5 346.5 354.5 377.5 369 369 311 311 446.5 446.5 292.5 292.5 215.1 237.1 90.9 96.8 306.5 335.2 267.3 261.7 280.2 287.1 229.8 233.6
Net Income 414 389 570 700 410 276 470 451 443 322 519 584 336 374 595 580 546 436 560 710 369 94 335 247 247 229 229 241.5 260.5 293 270 404.5 200.5 229 220 323.5 323.5 136.5 136.5 259.6 286.1 (43.6) (46.4) 232.2 232.2 188.4 180.6 121.5 124.5 98.3 99.9
EPS (Diluted) 2.13 1.99 2.90 3.54 2.07 1.38 2.33 2.23 2.18 1.58 2.54 2.85 1.63 1.80 2.84 2.71 2.50 1.97 2.51 3.19 1.64 1.23 1.49 1.13 1.14 1.01 1.01 1.04 1.12 1.16 1.16 0.87 0.87 0.92 0.92 1.36 1.36 0.83 0.84 0.58 0.63 0.04 0.04 0.80 0.93 0.72 0.71 0.49 0.50 0.38 0.38
Balance Sheet
Cash & Equivalents 820 557 526 674 556 815 654 571 755 704 808 669 675 597 638 771 1,160 828 2,166 1,335 1,723 2,115 2,115 775 775 1,133 1,133 699 699 833 833 2,308 2,308 2,427.6 2,525 1,082.5 1,057.5 1,162.8 1,375.6 1,877.8 1,698.0 655.0 1,060.9 642.8 0 347.8 0 320.5 0 192.3 0
Total Assets 17,789 17,152 17,694 17,729 17,265 16,530 16,858 16,572 16,458 15,687 16,418 15,994 15,364 15,216 15,525 15,661 15,306 14,100 15,314 13,709 12,479 13,456 13,456 12,583 12,583 11,386 11,386 10,751 10,751 10,149 10,149 12,676 12,676 12,492.8 12,557 10,619.6 10,374.8 10,770.2 11,928.6 12,373.1 11,497.5 12,811.1 15,138.3 14,914.5 7,469.4 7,870.8 5,492.0 6,091.0 4,341.7 4,872.4 4,213.2
Total Debt 6,083 5,414 6,016 5,966 5,829 6,021 5,638 5,517 5,205 5,289 5,263 5,258 5,232 5,288 5,063 5,128 4,692 4,197 3,067 3,602 3,997 4,521 4,521 4,186 4,186 2,350 2,348 2,587 2,592 1,911 1,927 3,719 3,725 3,257 3,253 2,736.1 2,668.2 2,519.8 2,785.0 3,857.5 2,979.6 2,353.3 3,229.5 4,698.6 1,728.2 1,974.1 938.9 1,456.6 829.3 1,174.1 795.4
Stockholders' Equity 5,874 5,857 6,056 5,832 5,531 5,489 5,655 5,616 5,522 5,418 5,360 5,037 4,721 4,725 5,121 4,665 4,503 4,845 5,157 5,003 4,493 4,371 4,371 4,105 4,105 4,350 4,350 4,291 4,291 4,058 4,058 4,554 4,554 4,543 4,543 3,886.9 3,777.0 3,835.8 4,248.4 4,199.1 3,995.4 5,136.3 5,640.3 4,494.0 3,207.3 2,857.8 2,715.4 2,502.6 2,037.1 1,984.4 1,894.9
Cash Flow
Operating Cash Flow 772 (503.3) 430 541 698.2 340 345 366 643.0 306 557 921 631 673 498 468 452 228 (13) 591 457 140 194 0 0 197 197 584.5 584.5 60.5 60.5 387.5 387.5 130.5 130.5 377.5 377.5 97.5 97.5 0 0 501
Capital Expenditure (92) 48.8 (118) (70) (80.6) (81) (77) (109) (70.5) (101) (91) (80) (119) (147) (95) (95) (74) (70) (51) (64) (51) (66) (60) 0 0 (72.5) (72.5) (76) (76) (115) (115) (63) (63) (69.5) (69.5) (58.5) (58.5) (37.5) (37.5) 0 0 0
Free Cash Flow 680 (454.4) 312 471 617.6 259 268 257 572.5 205 466 841 512 526 403 373 379 158 (64) 527 406 74 134 0 0 124.5 124.5 508.5 508.5 (54.5) (54.5) 324.5 324.5 61 61 319 319 60 60 0 0 501