FFIN - First Financial Bankshares, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$39.25
DETAILS
HIGH:
$40.00
LOW:
$39.00
MEDIAN:
$39.00
CONSENSUS:
$39.25
UPSIDE:
20.69%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 825.8 | 739.2 | 622.3 | 551.3 | 505.6 | 491.9 | 417.1 | 383.4 | 328.7 | 309.2 | 287.7 | 257.4 | 231.8 | 210.7 | 205.7 | 194.6 | 195.0 | 208.6 | 217.6 | 199.2 | 168.1 | 138.8 | 129.4 | 134.4 | 144.1 | 143.9 | 134.5 | 134.3 | 121 | 105.7 | 84.9 | 73.1 | 64.2 |
| Cost of Revenue | 232.7 | 216.0 | 154.9 | 48.9 | 4.9 | 33.8 | 33.1 | 24.6 | 15.8 | 15.7 | 13.8 | 8.6 | 7.8 | 8.6 | 14.7 | 22.5 | 28.7 | 43.2 | 60.9 | 50.7 | 30.1 | 17.7 | 18.3 | 26.7 | 46.8 | 51.2 | 45.3 | 47.4 | 42.9 | 36.9 | 27.8 | 20.4 | 18.3 |
| Gross Profit | 593.1 | 523.2 | 467.4 | 502.4 | 500.7 | 458.2 | 384.0 | 358.8 | 312.9 | 293.6 | 274.0 | 248.8 | 224.0 | 202.1 | 191.1 | 172.1 | 166.3 | 165.4 | 156.8 | 148.5 | 138.0 | 121.1 | 111.1 | 107.7 | 97.3 | 92.7 | 89.2 | 86.9 | 78.1 | 68.8 | 57.1 | 52.7 | 45.9 |
| 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 |
| SG&A Expenses | 214.6 | 165.6 | 145.0 | 143.2 | 150.6 | 141.2 | 121.7 | 114.4 | 102.6 | 98.5 | 88.4 | 80.5 | 72.6 | 63.5 | 61.8 | 59.0 | 60.1 | 52.3 | 46.9 | 44.2 | 40.3 | 35.5 | 33.3 | 32.0 | 28.7 | 27.1 | 26.9 | 26.7 | 23.8 | 20.9 | 16.7 | 16.4 | 14.2 |
| Other Expenses | 68.9 | 85.8 | 79.1 | 78.3 | 78.2 | 74.6 | 64.3 | 66.2 | 63.1 | 59.1 | 53.7 | 49.6 | 46.8 | 39.3 | 37.1 | 34.7 | 33.9 | 39.2 | 39.9 | 39.0 | 35.3 | 30.6 | 27.8 | 27.1 | 26.4 | 24.6 | 25.1 | 25.8 | 22.7 | 19 | 15.6 | 16.8 | 14 |
| Operating Expenses | 283.5 | 251.4 | 224.1 | 221.5 | 228.8 | 215.8 | 186.0 | 180.6 | 165.7 | 157.6 | 142.2 | 130.2 | 119.4 | 102.7 | 98.9 | 93.7 | 94 | 91.6 | 86.8 | 83.1 | 75.6 | 66.1 | 61.2 | 59.1 | 55.1 | 51.7 | 52 | 52.5 | 46.5 | 39.9 | 32.3 | 33.2 | 28.2 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 309.6 | 271.8 | 243.3 | 280.9 | 272.0 | 242.4 | 198.0 | 178.2 | 147.2 | 135.9 | 131.8 | 118.6 | 104.6 | 99.4 | 92.2 | 78.4 | 72.3 | 73.8 | 69.9 | 65.3 | 62.4 | 55.0 | 49.9 | 48.6 | 42.2 | 41.0 | 37.2 | 34.4 | 31.6 | 28.9 | 24.8 | 19.5 | 17.7 |
| Interest Expense | 201.6 | 202.2 | 144.3 | 31.4 | 6.0 | 14.2 | 30.1 | 18.9 | 9.3 | 5.5 | 4.1 | 4.2 | 4.1 | 5.1 | 8.0 | 13.5 | 17.3 | 35.3 | 58.6 | 48.6 | 28.8 | 16.1 | 17.1 | 24.4 | 44.8 | 48.8 | 43.3 | 46.3 | 41.8 | 35.7 | 27.7 | 21.3 | 18 |
| Interest Income | 704.7 | 631.9 | 530.1 | 435.7 | 380.4 | 365.0 | 321.3 | 292.6 | 247.1 | 234.4 | 222.7 | 199.1 | 176.8 | 160.1 | 160.6 | 150.1 | 146.4 | 159.2 | 169.4 | 154.5 | 123.9 | 100.0 | 95.3 | 104.3 | 115.9 | 118.0 | 110 | 111.9 | 101.5 | 89.2 | 70.6 | 61.5 | 54.4 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 319.9 | 285.3 | 255.9 | 293.6 | 285.0 | 255.2 | 209.7 | 190.7 | 160.1 | 147.5 | 143.0 | 127.9 | 113.2 | 107.3 | 99.5 | 85.5 | 80.1 | 81.8 | 77.1 | 73.5 | 71.8 | 60.0 | 59.4 | 54.8 | 49.5 | 47.8 | 46 | 42.9 | 37.6 | 35.3 | 30.1 | 27.8 | 25.1 |
| EBIT | 309.6 | 271.4 | 243.3 | 280.9 | 272.0 | 242.4 | 198.0 | 178.2 | 147.2 | 135.9 | 131.8 | 118.6 | 104.6 | 99.4 | 92.2 | 78.4 | 72.3 | 73.8 | 69.9 | 65.3 | 62.4 | 55.0 | 49.9 | 48.6 | 42.2 | 41.0 | 37.2 | 34.4 | 31.6 | 28.9 | 24.8 | 19.5 | 17.7 |
| Income Before Tax | 309.6 | 271.8 | 243.3 | 280.9 | 272.0 | 242.4 | 198.0 | 178.2 | 147.2 | 135.9 | 131.8 | 118.6 | 104.6 | 99.4 | 92.2 | 78.4 | 72.3 | 73.8 | 69.9 | 65.3 | 62.4 | 55.0 | 49.9 | 48.6 | 42.2 | 41.0 | 37.2 | 34.4 | 31.6 | 28.9 | 24.8 | 19.5 | 17.7 |
| Income Tax Expense | 56.0 | 48.3 | 44.3 | 46.4 | 44.4 | 40.3 | 33.2 | 27.5 | 26.8 | 31.2 | 31.4 | 29.0 | 25.7 | 25.1 | 23.8 | 20.1 | 18.6 | 20.6 | 20.4 | 19.3 | 18.4 | 15.8 | 14.6 | 14.6 | 12.8 | 12.7 | 11.5 | 11.1 | 10.6 | 9.9 | 8.4 | 6.4 | 5.7 |
| Net Income | 253.6 | 223.5 | 199.0 | 234.5 | 227.6 | 202.0 | 164.8 | 150.6 | 120.4 | 104.8 | 100.4 | 89.6 | 78.9 | 74.2 | 68.4 | 59.7 | 53.8 | 53.2 | 49.5 | 46.0 | 44.0 | 39.2 | 35.3 | 34.0 | 29.4 | 28.3 | 25.7 | 23.3 | 21 | 19 | 16.4 | 13.1 | 13.3 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 1.78 | 1.56 | 1.39 | 1.64 | 1.60 | 1.42 | 1.22 | 1.11 | 0.91 | 0.80 | 0.78 | 0.70 | 0.62 | 0.59 | 0.54 | 0.48 | 0.43 | 0.43 | 0.40 | 0.37 | 0.36 | 0.32 | 0.29 | 0.22 | 0.19 | 0.18 | 0.21 | 0.19 | 0.07 | 0.06 | 0.15 | 0.03 | 0.03 |
| EPS (Diluted) | 1.77 | 1.56 | 1.39 | 1.64 | 1.59 | 1.42 | 1.21 | 1.11 | 0.91 | 0.80 | 0.77 | 0.70 | 0.62 | 0.59 | 0.54 | 0.48 | 0.43 | 0.43 | 0.40 | 0.37 | 0.35 | 0.32 | 0.28 | 0.22 | 0.19 | 0.18 | 0.21 | 0.19 | 0.07 | 0.06 | 0.15 | 0.03 | 0.03 |
| Shares Outstanding | 143.1 | 142.8 | 142.7 | 142.6 | 142.3 | 142.0 | 135.6 | 135.2 | 132.3 | 132.0 | 129.8 | 128.1 | 127.2 | 125.9 | 125.8 | 125.2 | 124.9 | 124.7 | 124.5 | 124.4 | 124.0 | 123.9 | 123.9 | 154.3 | 153.7 | 155.2 | 124.5 | 124.5 | 119.0 | 115.5 | 108.1 | 107.4 | 458.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 1,078.0 | 763.4 | 536.6 | 330.7 | 528.6 | 729.1 | 279.5 | 250.1 | 373.8 | 255.1 | 307.3 | 141.2 | 95.0 | 112.8 | 110.8 | 113.5 | 100.4 | 119.2 | 200.5 | 216.2 | 126.9 | 85.9 | 83.8 | 90.3 |
| Short-Term Investments | 0 | 289.0 | 4,732.8 | 5,474.4 | 6,573.2 | 4,393.0 | 3,413.3 | 3,158.8 | 3,087.5 | 2,860.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 8,052.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
| Other Current Assets | 30.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 9,160.7 | 1,052.4 | 5,269.4 | 5,805.0 | 7,101.8 | 5,122.1 | 3,692.8 | 3,408.9 | 3,461.3 | 3,115.9 | 307.3 | 141.2 | 95.0 | 112.8 | 110.8 | 113.5 | 100.4 | 119.2 | 200.5 | 216.2 | 126.9 | 85.9 | 83.8 | 90.3 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 150.0 | 151.9 | 151.8 | 153.0 | 149.8 | 142.3 | 131.0 | 133.4 | 124.0 | 122.7 | 64.4 | 65.7 | 49.7 | 43.9 | 40.6 | 42.0 | 40.1 | 41.6 | 42.9 | 43.9 | 34.5 | 30.1 | 29.5 | 27.2 |
| Goodwill | 313.5 | 0 | 313.5 | 313.5 | 313.5 | 313.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0.2 | 314.0 | 1.1 | 2.1 | 3.3 | 4.9 | 173.7 | 174.7 | 141.1 | 143.6 | 63.2 | 64.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 5,514.1 | 12,151.8 | 7,074.3 | 6,378.0 | 5,363.3 | 5,188.5 | 4,170.7 | 3,924.1 | 3,452.5 | 3,338.5 | 2,767.8 | 2,807.0 | 2,004.7 | 1,886.2 | 1,725.1 | 1,651.2 | 1,503.6 | 1,444.5 | 1,396.5 | 1,348.8 | 1,075.3 | 925.8 | 879.7 | 789.8 |
| Other Non-Current Assets | 308.0 | 309.3 | 295.5 | 322.5 | 170.8 | 133.3 | 94.1 | 90.8 | 75.7 | 89.2 | 76.9 | 134.4 | 125.2 | 24.9 | 91.9 | 98.2 | 91.2 | 97.9 | 24.9 | 24.7 | 25.3 | 20.5 | 19.6 | 17.3 |
| Total Non-Current Assets | 6,285.8 | 12,927.0 | 7,836.2 | 7,169.0 | 6,000.7 | 5,782.4 | 4,569.5 | 4,323.0 | 3,793.4 | 3,694.0 | 2,972.2 | 3,071.2 | 2,220.2 | 1,979.8 | 1,882.4 | 1,816.2 | 1,653.4 | 1,604.2 | 1,486.1 | 1,440.8 | 1,135.1 | 976.4 | 928.8 | 834.3 |
| Total Assets | 15,446.5 | 13,979.4 | 13,105.6 | 12,974.1 | 13,102.5 | 10,904.5 | 8,262.2 | 7,731.9 | 7,254.7 | 6,809.9 | 3,279.5 | 3,212.4 | 2,315.2 | 2,092.6 | 1,993.2 | 1,929.7 | 1,753.8 | 1,723.4 | 1,686.6 | 1,657 | 1,262 | 1,062.3 | 1,012.6 | 924.6 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 13,345.5 | 0 | 0 | 0 | 0 | 14.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 21.7 | 76.0 | 383.0 | 621.5 | 650.1 | 430.1 | 381.4 | 413.7 | 331 | 370.8 | 146.1 | 235.6 | 35.7 | 29.0 | 26.7 | 19.8 | 26.2 | 9.6 | 0.5 | 4.7 | 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 |
| Other Current Liabilities | 99.0 | 12,073.4 | 11,138.3 | 11,005.5 | 10,566.5 | 8,675.8 | 6,603.8 | 6,180.4 | 5,963.0 | 5,478.5 | 2,684.8 | 2,582.8 | 1,994.3 | 1,796.3 | 1,711.6 | 1,685.2 | 1,519.9 | 1,524.7 | 1,504.8 | 1,488.7 | 1,129 | 945.8 | 907.3 | 828.4 |
| Total Current Liabilities | 13,529.2 | 12,175.1 | 11,521.3 | 11,627.0 | 11,216.6 | 9,120.6 | 6,985.2 | 6,594.1 | 6,294.0 | 5,849.3 | 2,830.9 | 2,818.4 | 2,030.0 | 1,825.2 | 1,738.3 | 1,705.0 | 1,546.0 | 1,534.3 | 1,505.3 | 1,493.4 | 1,130.9 | 947.4 | 908.7 | 828.4 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 0 | 121.1 | 21.1 | 21.1 | 21.1 | 0 | 0 | 55 | 0 | 75 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.7 | 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 |
| Other Non-Current Liabilities | 0 | 76.7 | 64.3 | 60.3 | 105.6 | 105.8 | 49.9 | 29.5 | 38.0 | 47.7 | 32.9 | 25.3 | 19.7 | 15.8 | 16.1 | 11.0 | 11.7 | 10.4 | 11.9 | 4.4 | 8.9 | 7.8 | 7.8 | 5.8 |
| Total Non-Current Liabilities | 0 | 197.7 | 85.4 | 81.4 | 126.7 | 105.8 | 49.9 | 84.5 | 38.0 | 122.7 | 32.9 | 25.3 | 19.7 | 15.8 | 16.1 | 11.0 | 11.7 | 10.4 | 11.9 | 9.1 | 8.9 | 7.8 | 7.8 | 5.8 |
| Total Liabilities | 13,529.2 | 12,372.9 | 11,606.7 | 11,708.3 | 11,343.2 | 9,226.3 | 7,035.0 | 6,678.6 | 6,331.9 | 5,972.0 | 2,863.8 | 2,843.6 | 2,049.7 | 1,841.1 | 1,754.4 | 1,716.0 | 1,557.7 | 1,544.7 | 1,517.2 | 1,502.5 | 1,130.8 | 947.4 | 908.7 | 834.2 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 0.7 | 0.7 | 0.7 | 0.2 | 0.2 | 155.1 | 154.8 | 123.6 | 123.3 | 99.8 | 99.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1,440.1 | 1,340.1 | 1,219.5 | 1,121.9 | 981.7 | 836.7 | 707.7 | 606.7 | 517.3 | 446.5 | 115.1 | 89.6 | 49.8 | 31.3 | 45.6 | 28.4 | 38.0 | 22.5 | 8 | 27.2 | 27.4 | 28.1 | 17.8 | 39.3 |
| Accumulated Other Comprehensive Income | (221.5) | (424.3) | (403.3) | (535.2) | 99.3 | 170.4 | 67.5 | 2.8 | 26.8 | 18.4 | 31.1 | 10.8 | 4.4 | 7.2 | 11.4 | 4.1 | 1.6 | (4.1) | 1.5 | 0.4 | (0.3) | (0.2) | (0.7) | 0 |
| Total Stockholders' Equity | 1,917.3 | 1,606.6 | 1,498.9 | 1,265.7 | 1,759.2 | 1,678.2 | 1,227.2 | 1,053.3 | 922.8 | 837.9 | 415.7 | 368.8 | 265.5 | 251.5 | 238.8 | 213.7 | 196.1 | 178.7 | 169.4 | 154.5 | 131.2 | 114.9 | 103.9 | 90.4 |
| Total Liabilities & Equity | 15,446.5 | 13,979.4 | 13,105.6 | 12,974.1 | 13,102.5 | 10,904.5 | 8,262.2 | 7,731.9 | 7,254.7 | 6,809.9 | 3,279.5 | 3,212.4 | 2,315.2 | 2,092.6 | 1,993.2 | 1,929.7 | 1,753.8 | 1,723.4 | 1,686.6 | 1,657 | 1,262 | 1,062.3 | 1,012.6 | 924.6 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 21.7 | 197.0 | 404.1 | 642.5 | 671.2 | 430.1 | 381.4 | 468.7 | 331 | 445.8 | 146.1 | 235.6 | 35.7 | 29 | 26.7 | 19.8 | 26.2 | 9.6 | 0.5 | 9.4 | 0 | 0 | 0 | 0 |
| Net Debt | (1,056.3) | (566.4) | (132.5) | 311.8 | 142.6 | (299.0) | 101.9 | 218.6 | (42.8) | 190.7 | (161.2) | 94.4 | (59.3) | (83.8) | (84.1) | (93.7) | (74.2) | (109.6) | (200) | (206.8) | (126.9) | (85.9) | (83.8) | (90.3) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 253.6 | 223.5 | 199.0 | 234.5 | 227.6 | 202.0 | 164.8 | 150.6 | 120.4 | 104.8 | 44.0 | 39.2 | 35.3 | 34.0 | 29.4 | 28.3 | 25.7 | 23.3 | 21 | 19 | 16.4 | 13.1 | 12 |
| Depreciation & Amortization | 0 | 13.4 | 12.6 | 12.8 | 13.1 | 12.8 | 11.7 | 12.5 | 12.9 | 11.6 | 9.4 | 5.0 | 9.5 | 6.2 | 7.3 | 6.9 | 8.8 | 8.5 | 6 | 6.4 | 5.3 | 8.3 | 7.4 |
| Stock-Based Compensation | 0 | 4.9 | 4.3 | 4.0 | 3.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (20.1) | 9.9 | 0.5 | (5.7) | 43.7 | (52.6) | 0.4 | (5.9) | 21.4 | 6.4 | (6.6) | 0.6 | 2.1 | 1.2 | 1.8 | (1.5) | (2.6) | 2.9 | (5.9) | 0.3 | (0.7) | (0.9) | 0 |
| Other Non-Cash Items | 87.1 | 58.5 | 68.8 | 82.9 | 64.0 | 53.7 | 25.6 | 29.3 | 35.7 | 37.3 | (6.1) | 23.0 | (1.5) | 1.6 | 1.3 | 1.9 | 1.8 | 1.1 | 1.1 | 1.1 | (2) | (0.6) | 1.4 |
| Operating Cash Flow | 320.6 | 309.6 | 284.8 | 324.3 | 355.2 | 210.7 | 202.5 | 186.3 | 190.3 | 160.7 | 40.9 | 68.3 | 45.3 | 43.3 | 39.6 | 35.2 | 33.5 | 35.7 | 22.1 | 27.1 | 19.4 | 19.8 | 19.4 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (13.4) | (16.7) | (17.3) | (15.8) | (19.2) | (16.4) | (8.7) | (17.6) | (14.2) | (20.4) | (10.3) | 0 | (7.1) | (2.9) | (5.2) | (2.5) | (4.1) | (4.3) | (5.2) | (4.8) | (3.1) | (2.4) | (3.6) |
| Acquisitions | 3.1 | 0 | 0 | 0 | 0 | 61.0 | 0 | 18.7 | 0 | 0 | 6.6 | (8.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (8,854.0) | (6,599.5) | (4,005.7) | (4,385.7) | (10,887.7) | (7,117.2) | (4,727.4) | (3,731.8) | (4,768.4) | (3,737.9) | (2,168.3) | (1,189.1) | (1,151.0) | (974.4) | (930.9) | (99.4) | (197.5) | (357) | (433.4) | (183.8) | (160.9) | (167.6) | (203.9) |
| Sales/Maturities of Investments | 8,115.1 | 6,643.1 | 4,854.9 | 4,612.2 | 8,506.2 | 6,338.1 | 4,528.1 | 3,659.3 | 4,512.8 | 3,549.8 | 2,037.8 | 1,245.8 | 1,000.6 | 935.2 | 895.4 | 109.4 | 155.7 | 346.6 | 369 | 193.1 | 181.9 | 154.2 | 195.2 |
| Other Investing Activities | (288.1) | (763.8) | (704.7) | (1,048.7) | (211.0) | (527.7) | (239.8) | (201.8) | (128.3) | (43.5) | 4.9 | (124.3) | (21.5) | (25.7) | (39.0) | (63.4) | (18.5) | (37.6) | 31.5 | (36.4) | (50.1) | (3.6) | 4 |
| Investing Cash Flow | (1,037.4) | (736.9) | 127.3 | (838.0) | (2,611.7) | (1,262.2) | (447.8) | (273.3) | (398.0) | (252.0) | (129.3) | (76.5) | (179.0) | (67.8) | (79.6) | (56.0) | (64.4) | (52.3) | (38.1) | (31.9) | (32.2) | (19.4) | (8.3) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | (112.4) | (207.1) | (238.4) | (28.6) | 241.1 | 48.7 | (87.3) | 137.7 | (114.8) | (169.9) | 32.9 | 6.7 | 2.3 | 6.9 | (6.3) | 16.5 | 9.2 | (6.2) | 6.1 | (0.5) | (1.1) | (0.1) | 0 |
| Stock Repurchased | 0 | 0 | (2.7) | (9.4) | 0 | (8.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (106.0) | (102.9) | (100.0) | (91.3) | (79.7) | (70.3) | (61.1) | (53.9) | (49.0) | (44.9) | (23.0) | (20.1) | (18.3) | (16.1) | (13.9) | (12.5) | (11) | (9.1) | (8) | (7) | (5.9) | (5.3) | (4.2) |
| Other Financing Activities | 1,246.4 | 960.9 | 134.9 | 445.2 | 1,894.7 | 1,527.6 | 427.7 | (120.6) | 484.4 | 288.4 | 134.6 | 101.4 | 84.7 | 26.4 | 82.8 | (4.8) | 19.9 | 16.2 | 101.1 | 45.3 | 20.5 | (12.5) | (20.2) |
| Financing Cash Flow | 1,031.4 | 654.1 | (206.2) | 315.8 | 2,056.0 | 1,498.0 | 279.3 | (36.8) | 323.6 | 74.8 | 144.9 | 88.6 | 69.1 | 17.8 | 62.6 | (4.6) | 18.5 | 1.2 | 99.5 | 38.2 | 13.7 | (17.6) | (24.1) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 314.6 | 226.8 | 205.9 | (197.9) | (200.5) | 446.5 | 34.0 | (123.7) | 115.9 | (16.4) | 56.6 | 80.4 | (64.6) | (6.7) | 22.6 | (25.4) | (12.3) | (15.5) | 83.5 | (98.9) | (83.6) | (100.7) | (102.5) |
| Cash at Beginning | 763.4 | 536.6 | 330.7 | 528.6 | 729.1 | 282.6 | 248.6 | 372.3 | 256.5 | 272.9 | 194.7 | 113.8 | 178.4 | 185.1 | 162.5 | 188.0 | 200.3 | 215.8 | 132.3 | 98.9 | 83.6 | 100.7 | 102.5 |
| Cash at End | 1,078.0 | 763.4 | 536.6 | 330.7 | 528.6 | 729.1 | 282.6 | 248.6 | 372.3 | 256.5 | 251.3 | 194.3 | 113.8 | 178.4 | 185.1 | 162.5 | 188 | 200.3 | 215.8 | 125.6 | 97.3 | 83.1 | 78.4 |
| Free Cash Flow | 307.1 | 292.9 | 267.6 | 308.5 | 335.9 | 194.2 | 193.8 | 168.7 | 176.1 | 140.3 | 30.6 | 68.3 | 38.2 | 40.4 | 34.5 | 32.7 | 29.4 | 31.4 | 16.9 | 22.4 | 16.3 | 17.4 | 15.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 825.8 | 739.2 | 622.3 | 551.3 | 505.6 | 491.9 | 417.1 | 383.4 | 328.7 | 309.2 | 287.7 | 257.4 | 231.8 | 210.7 | 205.7 | 194.6 | 195.0 | 208.6 | 217.6 | 199.2 | 168.1 | 138.8 | 129.4 | 134.4 | 144.1 | 143.9 | 134.5 | 134.3 | 121 | 105.7 | 84.9 | 73.1 | 64.2 |
| Gross Profit | 593.1 | 523.2 | 467.4 | 502.4 | 500.7 | 458.2 | 384.0 | 358.8 | 312.9 | 293.6 | 274.0 | 248.8 | 224.0 | 202.1 | 191.1 | 172.1 | 166.3 | 165.4 | 156.8 | 148.5 | 138.0 | 121.1 | 111.1 | 107.7 | 97.3 | 92.7 | 89.2 | 86.9 | 78.1 | 68.8 | 57.1 | 52.7 | 45.9 |
| Operating Income | 309.6 | 271.8 | 243.3 | 280.9 | 272.0 | 242.4 | 198.0 | 178.2 | 147.2 | 135.9 | 131.8 | 118.6 | 104.6 | 99.4 | 92.2 | 78.4 | 72.3 | 73.8 | 69.9 | 65.3 | 62.4 | 55.0 | 49.9 | 48.6 | 42.2 | 41.0 | 37.2 | 34.4 | 31.6 | 28.9 | 24.8 | 19.5 | 17.7 |
| Net Income | 253.6 | 223.5 | 199.0 | 234.5 | 227.6 | 202.0 | 164.8 | 150.6 | 120.4 | 104.8 | 100.4 | 89.6 | 78.9 | 74.2 | 68.4 | 59.7 | 53.8 | 53.2 | 49.5 | 46.0 | 44.0 | 39.2 | 35.3 | 34.0 | 29.4 | 28.3 | 25.7 | 23.3 | 21 | 19 | 16.4 | 13.1 | 13.3 |
| EPS (Diluted) | 1.77 | 1.56 | 1.39 | 1.64 | 1.59 | 1.42 | 1.21 | 1.11 | 0.91 | 0.80 | 0.77 | 0.70 | 0.62 | 0.59 | 0.54 | 0.48 | 0.43 | 0.43 | 0.40 | 0.37 | 0.35 | 0.32 | 0.28 | 0.22 | 0.19 | 0.18 | 0.21 | 0.19 | 0.07 | 0.06 | 0.15 | 0.03 | 0.03 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 1,078.0 | 763.4 | 536.6 | 330.7 | 528.6 | 729.1 | 279.5 | 250.1 | 373.8 | 255.1 | 307.3 | 141.2 | 95.0 | 112.8 | 110.8 | 113.5 | 100.4 | 119.2 | 200.5 | 216.2 | 126.9 | 85.9 | 83.8 | 90.3 | |||||||||
| Total Assets | 15,446.5 | 13,979.4 | 13,105.6 | 12,974.1 | 13,102.5 | 10,904.5 | 8,262.2 | 7,731.9 | 7,254.7 | 6,809.9 | 3,279.5 | 3,212.4 | 2,315.2 | 2,092.6 | 1,993.2 | 1,929.7 | 1,753.8 | 1,723.4 | 1,686.6 | 1,657 | 1,262 | 1,062.3 | 1,012.6 | 924.6 | |||||||||
| Total Debt | 21.7 | 197.0 | 404.1 | 642.5 | 671.2 | 430.1 | 381.4 | 468.7 | 331 | 445.8 | 146.1 | 235.6 | 35.7 | 29 | 26.7 | 19.8 | 26.2 | 9.6 | 0.5 | 9.4 | 0 | 0 | 0 | 0 | |||||||||
| Stockholders' Equity | 1,917.3 | 1,606.6 | 1,498.9 | 1,265.7 | 1,759.2 | 1,678.2 | 1,227.2 | 1,053.3 | 922.8 | 837.9 | 415.7 | 368.8 | 265.5 | 251.5 | 238.8 | 213.7 | 196.1 | 178.7 | 169.4 | 154.5 | 131.2 | 114.9 | 103.9 | 90.4 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 320.6 | 309.6 | 284.8 | 324.3 | 355.2 | 210.7 | 202.5 | 186.3 | 190.3 | 160.7 | 40.9 | 68.3 | 45.3 | 43.3 | 39.6 | 35.2 | 33.5 | 35.7 | 22.1 | 27.1 | 19.4 | 19.8 | 19.4 | ||||||||||
| Capital Expenditure | (13.4) | (16.7) | (17.3) | (15.8) | (19.2) | (16.4) | (8.7) | (17.6) | (14.2) | (20.4) | (10.3) | 0 | (7.1) | (2.9) | (5.2) | (2.5) | (4.1) | (4.3) | (5.2) | (4.8) | (3.1) | (2.4) | (3.6) | ||||||||||
| Free Cash Flow | 307.1 | 292.9 | 267.6 | 308.5 | 335.9 | 194.2 | 193.8 | 168.7 | 176.1 | 140.3 | 30.6 | 68.3 | 38.2 | 40.4 | 34.5 | 32.7 | 29.4 | 31.4 | 16.9 | 22.4 | 16.3 | 17.4 | 15.8 | ||||||||||