Franco-Nevada Corporation logo FNV - Franco-Nevada Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 12
SELL 2
STRONG
SELL
0
| PRICE TARGET: $279.00 DETAILS
HIGH: $310.00
LOW: $228.00
MEDIAN: $290.50
CONSENSUS: $279.00
UPSIDE: 23.35%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1
Revenue
Revenue 650.7 597.3 487.7 369.4 368.4 321 275.7 260.1 256.8 303.3 309.5 329.9 276.3 320.4 304.2 352.3 338.8 327.7 316.3 347.1 308.9 304.5 279.8 195.4 240.5 258.1 235.7 170.5 179.8 148.2 170.6 161.3 173.1 167.2 171.5 163.6 172.7 155.3 172 150.9 132 121.3 103.7 109.4 109.2 123 107.6 107.7 104.1 100 98.8 93.3 108.8 114.1 105.2 102.7 105 118.5 113.3 106.3 73.1 76.2 55.0 50.3 47.0 80.4 41.1 45.1 33.1 42.5 40.0 41.0 27.5
Cost of Revenue 124.4 136.9 134.2 97.5 106.9 94.4 86.1 82 91.8 114 117 122.2 99.2 119.3 110.5 115.1 118.2 126.6 115 124.5 111.8 114.2 97.3 80.3 108 119 109.4 86.3 93.3 86.3 99.4 89.4 90.8 99 103.5 101.1 111.4 92.9 100.9 95.9 89.9 90.1 72.1 73.1 74.1 73.6 56.9 54.8 50.7 52.3 46.2 42.1 49.5 140.4 45.3 46.6 47.3 17.4 16.2 23.7 14.7 2.7 7.9 6.8 6.7 1.9 1.5 1.8 1.4 1.8 2.2 2.3 1.8
Gross Profit 526.3 460.4 353.5 271.9 261.5 226.6 189.6 178.1 165 189.3 192.5 207.7 177.1 201.1 193.7 237.2 220.6 201.1 201.3 222.6 197.1 190.3 182.5 115.1 132.5 139.1 126.3 84.2 86.5 61.9 71.2 71.9 82.3 68.2 68 62.5 61.3 62.4 71.1 55 42.1 31.2 31.6 36.3 35.1 49.4 50.7 52.9 53.4 47.7 52.6 51.2 59.3 (26.3) 59.9 56.1 57.7 101.0 97.1 82.6 58.4 73.5 47.2 43.4 40.3 78.5 39.6 43.3 31.7 40.7 37.8 38.6 25.7
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 0.7 1.1 0.9 0.8 0.8 2.3 0.5 0.3 0.3 (0.1) 1 1.3 0.5 0.3 0.6 0.8 0.5 1 0.5 0.6 0.9 0.9 0.5 0 0 1.3 0.4 0.6 0.3 1.0 0.6 0.3 0.6 1.0 0.3 0.5 0.4 0.4 0.3 0.4 0.3
SG&A Expenses 15.4 2.6 16.3 8.5 15.1 5.7 10.2 9.4 7 5.2 5.7 8.6 9.4 11.8 5.1 5.8 9.9 9.6 4.6 10.4 6.2 4.6 6.3 11.7 6.2 10.7 5.6 5.6 6.9 5.2 5.2 7 5.2 5.9 5.2 6.6 5.3 5.8 3.8 5.7 5.4 2.9 4 4.1 4.1 4.4 3.3 4.5 4.2 3.8 4.1 3.6 3.7 5.8 4.2 3.8 3.6 5.6 4.4 4.6 3.4 4.4 3.6 4.1 3.0 3.6 3.4 3.9 3.6 6.7 3.1 4.0 3.2
Other Expenses 0 0 0 0 0 0 0 (0.3) (0.2) 1,171.7 (0.2) (1.4) (4.4) 0.4 0.4 (0.2) (1.3) (75.6) (0.1) 6.9 (0.6) (10.1) (2.1) (2.4) 269.7 (0.6) (1.5) (0.4) (0.4) 76 0.2 0 (1) 0 (1.1) (0.9) 0 53.9 (0.7) (1.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 (93.9) 0 0 0 33.2 34.7 32.1 21.7 27.2 19.7 22.8 19.2 22.2 20.2 23.5 23.0 27.2 21.0 20.6 15.5
Operating Expenses 15.4 2.6 16.3 8.5 15.1 5.7 10.2 9.1 6.8 1,176.9 5.5 7.2 5 12.2 5.5 5.6 8.6 (66) 4.5 17.3 5.6 (5.5) 4.2 9.3 275.9 10.1 4.1 5.2 6.5 81.2 5.4 7 4.9 7 5 6.5 6.1 62 3.6 4.4 5.7 2.8 5 5.4 4.6 4.7 3.9 5.3 4.7 4.8 4.6 4.2 4.6 (87.2) 4.7 4.6 4 40.0 39.6 37.3 25.4 32.6 23.9 27.2 22.8 26.8 24.0 27.9 27.0 34.3 24.5 25.0 19.0
Operating Income
Operating Income 510.9 457.8 337.2 263.4 246.4 220.9 179.4 169 158.2 (987.6) 187 200.5 172.1 188.9 188.2 231.6 212 267.1 196.8 205.3 191.5 195.8 178.3 105.8 (143.4) 129 122.2 79 80 (19.3) 65.8 64.9 77.4 61.2 63 56 55.2 0.4 67.5 50.6 37 (34.4) 26.1 30.9 30.4 13.4 46.6 47.6 48.7 (94.8) 48 42.5 53.3 (21.8) 5,532 51.5 53.7 (107.7) 57.5 45.3 33 35.2 23.3 16.2 17.4 51.7 15.6 15.1 4.7 (2.1) 13.3 13.6 6.8
Interest Expense 0.8 0.8 0.8 0.8 0.7 0.7 0.7 0.6 0.6 0.8 0.7 0.7 0.7 0.7 0.8 0.8 0.9 0.9 0.8 1.1 0.8 0.8 0.8 0.8 1.0 2.1 3.5 2.6 2.5 2.0 0.7 0.8 0.9 1.0 0.8 0.8 0.8 0.8 0.7 0.8 1.3 1.4 0.6 0.5 0.4 0.4 0.4 0.4 0.4 0.6 0.2 0.4 0.7 0.2 0.3 0.2 0.4 0.2 0.2 1.3 0.6 0.6 0.6 0.6 0.5 0.3 0.6 0.3 0.5 0.2 1.8 1.3 0.3
Interest Income 5.4 2.5 8 6.7 11.1 13.1 15.0 16.2 15.9 16.8 15.3 10.1 10.5 6.7 2.3 2.8 0.7 0.7 0.6 1.7 0.7 0.7 1.1 1.0 0.9 0.8 0.8 1.2 0.7 0.6 0.7 0.7 1.0 1.8 1.6 1.1 0.9 0.9 0.5 1 1.1 2.1 1.3 1.1 0.8 0.9 1.2 1.1 0.7 1 0.8 0.8 0.9 1.4 3.5 2.5 2.2 1.4 1.3 1.1 0.4 1.0 0.7 0.7 1.5 0.6 0.4 0.5 0.4 1.9 1.8 1.3 0.3
Profitability
EBITDA 673.6 553.6 450.2 380.5 338.7 280.4 249.8 228.3 230.8 (892.9) 268.8 287.2 245.8 266.1 256.8 303.6 293.5 341.4 270 282.2 262.1 265.7 236.7 158.2 (79) 202.3 192.8 139.1 141.6 44.1 132.6 124.3 138.7 125.2 134.2 124.7 128.3 76.9 140.9 122.6 104.9 30.9 74 82.5 80.3 60.7 85.1 89.6 86.3 (62.7) 81.2 62.2 83.9 10.8 98.2 82.4 91.5 (67.6) 98.5 82.6 58.4 57.9 37.1 57.9 45.2 64.5 38.4 57.1 28.8 34.4 36.1 35.6 23.6
EBIT 595.7 466.3 363.2 316.5 270.3 220.4 195.6 175.4 172.6 (961.8) 200.7 212.1 184.8 192.6 188.3 234 218.9 263.2 197 205 190.9 198.2 179.9 105.9 (143.4) 129.6 122.1 80.2 80.7 (17.4) 66.6 64.7 78.1 61.4 63.7 57.5 56.8 9.7 68 54.4 39.4 (34.9) 24.3 33.4 28.6 11.8 46.6 50 50.2 (97.1) 48.9 34 49.5 (22) 67 51.4 59.8 (100.7) 63.8 45.3 33 30.7 17.4 35.1 25.9 42.2 18.1 33.6 5.8 4.0 15.0 14.9 8.1
Income Before Tax 594.9 468.3 362.4 315.7 269.6 222.2 194.9 174.8 172 (959.8) 200 211.5 184.1 195 187.5 233.2 218 265.6 196.2 204.7 191.3 198.2 179.1 105.9 (143.7) 130.5 119.5 77.7 78.2 (19.6) 65.9 64.7 78.1 60.4 62.9 56.7 56 8.9 67.3 53.6 38.1 (36.3) 23.7 32.9 28.2 11.4 46.2 49.6 49.8 (97.7) 48.7 33.6 48.8 (22.2) 66.7 51.2 59.4 (101.0) 63.6 46.1 30.3 30.1 16.9 34.5 25.4 41.9 17.8 33.4 5.5 (1.1) 14.7 14.6 7.8
Income Tax Expense 126.3 100.6 74.9 68.6 59.8 46.8 42.2 95.3 27.5 22.7 24.9 27 27.6 30 30.4 36.7 36 44.7 30.2 29.4 19.8 21.5 25.2 11.5 (44.9) 17.2 17.9 13.7 13 11.7 13.8 11.1 13.5 16.9 2.9 11.1 10.4 13.4 12.9 11.3 8.1 (4.9) 8.5 11.3 9 10.2 13 12.7 14.4 (17.1) 13.4 12 13.4 10.9 14.7 14.3 12.6 4.5 19.5 12.8 9.1 9.1 8.7 12.2 10.4 2.2 5.5 8.3 1.7 (16.5) 4.8 4.8 2.6
Net Income 468.6 367.7 287.5 247.1 209.8 175.4 152.7 79.5 144.5 (982.5) 175.1 184.5 156.5 165 157.1 196.5 182 220.9 166 175.3 171.5 176.7 153.9 94.4 (98.8) 113.3 101.6 64 65.2 (31.3) 52.1 53.6 64.6 43.5 60 45.6 45.6 (4.5) 54.4 42.3 30 (31.4) 15.2 21.6 19.2 1.2 33.2 36.9 35.4 (80.6) 35.3 21.6 35.4 (33.1) 52 36.9 46.8 (105.4) 44.1 33.3 21.2 21.0 8.1 22.3 15.0 39.6 12.3 25.1 3.8 15.4 9.9 9.9 5.2
Per Share Data
EPS (Basic) 2.40 1.94 1.49 1.28 1.09 0.91 0.79 0.41 0.75 -5.25 0.90 0.97 0.82 0.86 0.77 1.03 0.95 1.15 0.87 0.92 0.90 0.93 0.81 0.50 -0.52 0.60 0.54 0.34 0.35 -0.17 0.28 0.29 0.35 0.23 0.32 0.25 0.26 -0.03 0.31 0.24 0.18 -0.20 0.10 0.14 0.12 0.01 0.22 0.25 0.24 -0.55 0.24 0.15 0.24 -0.23 0.36 0.26 0.33 -0.81 0.35 0.27 0.18 0.15 0.07 0.20 0.13 0.35 0.11 0.25 0.04 0.15 0.10 0.10 0.06
EPS (Diluted) 2.39 1.94 1.49 1.28 1.09 0.91 0.79 0.41 0.75 -5.25 0.90 0.97 0.81 0.86 0.77 1.03 0.95 1.15 0.87 0.92 0.90 0.93 0.81 0.50 -0.52 0.60 0.54 0.34 0.35 -0.17 0.28 0.29 0.35 0.23 0.32 0.25 0.25 -0.03 0.30 0.24 0.18 -0.20 0.10 0.14 0.12 0.01 0.22 0.25 0.24 -0.55 0.24 0.15 0.24 -0.23 0.35 0.25 0.33 -0.80 0.34 0.26 0.18 0.15 0.07 0.19 0.13 0.35 0.11 0.24 0.04 0.15 0.10 0.10 0.06
Shares Outstanding 192.8 192.8 192.7 192.7 192.6 192.6 192.3 192.3 192.2 192.2 192.1 191.9 191.9 191.7 190.9 190.9 190.7 191.2 190.1 190.0 190.0 190.5 189.4 189.3 188.5 188.0 186.8 186.3 186.1 185.2 185.2 185.1 185.0 185.0 184.6 180.7 177.6 174.3 177.2 176.9 166.0 156.4 156.1 155.9 155.7 155.4 150.3 146.6 146.5 146.1 146.2 146.1 146.0 142.4 144.6 143.3 139.2 130.7 126.5 121.0 116.2 113.5 113.6 113.5 112.9 111.6 111.4 101.6 99.8 99.7 99.8 99.8 90.7
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 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1
Current Assets
Cash & Cash Equivalents 383.3 433.1 206.4 160.3 1,128.1 1,451.3 1,317.3 1,439 1,352 1,421.9 1,297.1 1,295.1 1,248.4 1,196.5 1,057.4 910.6 722.7 539.3 346.7 197.7 538.5 534.2 466.8 378.5 209.8 132.1 91.7 398.9 72.6 69.7 76.9 72.1 87.7 511.1 533.3 614.3 283 253 277.6 225.8 176.3 506.6 396.5 122.6 437.4 99.6
Short-Term Investments 333.8 236.6 30.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33.4 0 0 0 0 0 0 12.7 0 0 0 0 0 10.6 86.1 172.8 377.5 41.7 55.9
Net Receivables 281.2 256.6 241.8 164.5 172.1 157.7 133.9 131.1 126.7 111 134.8 144.4 151.8 135.7 150 144.3 184.9 159.5 186.8 115.7 102.3 93.4 93.5 93.4 83.1 97.8 119.6 70.8 68.6 75.5 60.7 62.3 61.4 65.9 64.9 55.1 69.1 71.1 72.4 56.4 49.9 24.8 22.6 26.8 18.2 17.0
Inventory 0.7 0.6 0.5 7 89.4 96.8 0 0 0 51.8 0 0 0 0.1 0.7 0.4 0.6 0.5 0.6 0.9 2.8 0.5 0.2 0.5 2.5 4.4 6.4 0 0 0 0 3.4 5.1 7.1 1.2 0 0.6 2.7 0 0 0 0 0 0 0 0
Other Current Assets 123.0 89.5 59.1 25.5 5.3 0.4 99.8 98.2 91.5 0.6 84.6 63.8 46.2 28.7 32.6 31.3 27.9 33.3 31.6 24.2 22.9 19.2 18.4 20.6 24.1 26.9 25.6 26.3 24.8 27.9 0 22.6 16.4 15.3 14.8 12.9 12.8 9.9 12.7 11.3 13.1 0 0 0 0 0
Total Current Assets 1,130.9 1,019.1 541.6 357.3 1,394.9 1,716.8 1,551 1,668.3 1,570.2 1,615.3 1,516.5 1,503.3 1,446.4 1,383.1 1,263.2 1,102.8 949.6 751.4 584.9 358.9 677 663.7 601 515.7 340.1 278.7 261 540.2 172.9 178.5 172.5 179.9 188.3 616.4 662.9 719.5 388.1 361.2 384.8 318.4 269.3 634.1 607.8 540.2 518.6 194.3
Non-Current Assets
Property, Plant & Equipment 6,339.1 6,043.4 6,092.2 5,899.8 4,539 4,109.3 4,230.6 4,031.1 4,078.7 4,033.7 5,156.9 5,086.6 4,973.3 4,934.2 4,871.2 5,005 5,102.1 5,156.4 5,131.5 5,229.7 4,756 4,639.5 4,519.7 4,431.1 4,456.3 4,810 4,858.1 4,608.8 4,617.8 4,566.3 4,436 4,414.6 4,397.2 3,952.5 3,891.2 3,767.1 3,679.6 3,683 3,700.6 3,736.7 3,767 1,376.6 1,399.7 1,348.7 1,243.4 1,203.3
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 1,334.6 1,139.2 850.3 597.8 539.9 324.8 323.3 278 257.2 246.4 239.7 232.3 235.2 224.6 222.6 210.6 259.8 235.1 204.1 266.5 207.2 195.6 149.8 141.1 92.9 145.6 143.8 192.8 163.8 136.7 197.7 178.9 169.4 203.1 166.2 140.8 150.6 147.4 131.7 123.4 114 60.8 84.1 106.6 80.1 76
Other Non-Current Assets 2.1 1.5 1.5 140 153 148.7 164 128.4 118.1 61.7 34.9 49.8 49 45 45.3 45.6 40.7 17.6 13 53.3 55.2 49 41.2 40.3 39.6 39.5 0 0 33.8 33 13.4 2.1 2.4 1.9 4 5.7 7.6 8.7 10.6 12.6 14.5 7.4 7.6 6.1 4.9 4.5
Total Non-Current Assets 7,695.6 7,207.3 6,968.0 6,663.3 5,258.5 4,613.6 4,748.6 4,472.9 4,489.1 4,378.8 5,469.4 5,403.9 5,294.5 5,243.7 5,180.5 5,307.7 5,450.8 5,458.5 5,399.8 5,596.2 5,070.2 4,929.2 4,756.5 4,666.5 4,641.6 5,001.9 5,009.1 4,818.5 4,832.2 4,753.3 4,662 4,602.1 4,583.5 4,172 4,081.9 3,936 3,859.7 3,860.4 3,866.2 3,891.5 3,911.9 1,461.2 1,509.4 1,480.7 1,358.6 1,297.6
Total Assets 8,826.5 8,226.4 7,509.6 7,020.6 6,653.4 6,330.4 6,299.6 6,141.2 6,059.3 5,994.1 6,985.9 6,907.2 6,740.9 6,626.8 6,443.7 6,410.5 6,400.4 6,209.9 5,984.7 5,955.1 5,747.2 5,592.9 5,357.5 5,182.2 4,981.7 5,280.6 5,270.1 5,358.7 5,005.1 4,931.8 4,834.5 4,782 4,771.8 4,788.4 4,744.8 4,655.5 4,247.8 4,221.6 4,251 4,209.9 4,181.2 2,095.3 2,117.3 2,020.9 1,877.2 1,491.9
Current Liabilities
Account Payables 49.9 44.8 66.0 33.6 30.7 5.1 26.2 30.1 41.8 5.5 35 52.2 46.8 7 40 34.9 36.8 8.5 29.5 32.8 33.8 3.5 37 35.3 38.6 6.8 34.4 39.1 36.9 7.3 21.2 20.7 21.4 6.2 22.3 20.5 16.8 9.6 19.5 19.3 18.2 0 0 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 160 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12.2 9.7 9.5 5.7 9.1
Total Current Liabilities 183.8 122.8 116.8 84 60.9 67.5 66.3 57.3 53.4 39.2 40.2 56.3 50.3 50.2 51.9 42.4 43.7 43.2 43.1 36.4 41.3 53.2 41.8 38.1 40.6 53.4 41 202 41.8 25 22.6 21.5 23 22.6 31.4 38.7 31.9 37.6 27.2 22.2 19.9 12.2 9.7 9.5 5.7 9.1
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 80 242.4 272.2 157.2 207.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 488.6 439.9 368.6 312.3 265.1 238 242 234.1 181.6 180.1 168.7 165.4 159.2 153 135.1 135.7 145.1 135.4 108.4 115.1 98.4 91.5 80.9 69.4 60.4 82.4 78.5 81.4 74.8 67.3 67 60.3 61.7 60.3 49.5 43.6 41 37.5 35.7 29.8 27.1 97.3 96.9 81.1 81.5 59.7
Other Non-Current Liabilities 20.8 33.7 23.2 13.0 34.9 28.3 4.5 4.6 4.8 5.7 5.7 6 5.8 6 5.3 5.7 5.9 6.1 4 4.1 4.4 4.4 4.3 4.3 4.3 0 0 (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 509.4 482.2 400.3 334.6 300 266.3 246.5 238.7 186.4 185.8 174.4 171.4 165 159 140.4 141.4 151 141.5 112.4 119.2 102.8 95.9 85.2 73.7 64.7 165 323.5 356.3 234.8 274.9 67 60.3 61.7 60.3 49.5 43.6 41 37.5 35.7 29.8 27.1 97.3 96.9 81.1 81.5 59.7
Total Liabilities 693.2 605.0 517.1 418.6 360.9 333.8 312.8 296 239.8 225 214.6 227.7 215.3 209.2 192.3 183.8 194.7 184.7 155.5 155.6 144.1 149.1 127 111.8 105.3 218.4 364.5 558.3 276.6 299.9 89.6 81.8 84.7 82.9 80.9 82.3 72.9 75.1 62.9 52 47 109.4 106.6 90.6 87.2 68.8
Stockholders' Equity
Common Stock 5,833.0 5,792.8 5,793.9 5,789.2 5,782.2 5,769.1 5,762.1 5,753.9 5,742.2 5,728.2 5,722.1 5,713.6 5,704.4 5,695.3 5,669.8 5,657 5,647.2 5,628.5 5,611.1 5,600 5,588.2 5,580.1 5,565.4 5,531.9 5,448.7 5,390.7 5,316.2 5,210.9 5,196.5 5,158.3 5,136.3 5,125.1 5,115.5 5,107.8 5,093.4 5,078.9 4,675.6 4,666.2 4,654 4,643.9 4,626.7 0 0 0 0 0
Retained Earnings 1,777.4 1,377.3 1,077.3 806.6 626.4 486.5 380.3 294 283.7 212.3 1,260.7 1,150.9 1,031.5 940.4 836.9 740.8 605.3 484.9 321.3 212.9 93.8 (34.4) (160.5) (265.8) (310.3) (164.4) (231.5) (286.1) (304.6) (321.7) (245.5) (252.6) (261.6) (310) (310.3) (327.5) (330.6) (336.8) (292.6) (307.7) (310.7) 56.9 45.9 38.1 0.8 (10.7)
Accumulated Other Comprehensive Income 506.4 429.7 101.0 (13.1) (134) (282) (177.5) (223) (225.7) (192) (231.4) (203.2) (227.3) (233.7) (274.9) (189) (63) (104.3) (121.9) (30.5) (94.5) (115.9) (190.6) (210.8) (277.2) (178.3) (196.4) (142.2) (180.2) (220.3) (164.6) (189.4) (182.5) (106.5) (135.2) (194.3) (213.3) (224.5) (216.5) (220.3) (224.3) (24.4) 13.9 (8.8) (107.4) (142.9)
Total Stockholders' Equity 8,133.4 7,621.4 6,992.5 6,602 6,292.5 5,996.6 5,986.8 5,845.2 5,819.5 5,769.1 6,771.3 6,679.5 6,525.6 6,417.6 6,251.4 6,226.7 6,205.7 6,025.2 5,829.2 5,799.5 5,603.1 5,443.8 5,230.5 5,070.4 4,876.4 5,062.2 4,905.6 4,800.4 4,728.5 4,631.9 4,744.9 4,700.2 4,687.1 4,705.5 4,663.9 4,573.2 4,174.9 4,146.5 4,188.1 4,157.9 4,134.2 1,985.9 2,010.6 1,930.3 1,790.1 1,423.1
Total Liabilities & Equity 8,826.5 8,226.4 7,509.6 7,020.6 6,653.4 6,330.4 6,299.6 6,141.2 6,059.3 5,994.1 6,985.9 6,907.2 6,740.9 6,626.8 6,443.7 6,410.5 6,400.4 6,209.9 5,984.7 5,955.1 5,747.2 5,592.9 5,357.5 5,182.2 4,981.7 5,280.6 5,270.1 5,358.7 5,005.1 4,931.8 4,834.5 4,782 4,771.8 4,788.4 4,744.8 4,655.5 4,247.8 4,221.6 4,251 4,209.9 4,181.2 2,095.3 2,117.3 2,020.9 1,877.2 1,491.9
Debt Metrics
Total Debt 0 8.6 8.5 10.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 82.6 245 435 160 207.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt (383.3) (424.5) (197.9) (150.6) (1,128.1) (1,451.3) (1,317.3) (1,439) (1,352) (1,421.9) (1,297.1) (1,295.1) (1,248.4) (1,196.5) (1,057.4) (910.6) (722.7) (539.3) (346.7) (197.7) (538.5) (534.2) (466.8) (378.5) (209.8) (49.5) 153.3 36.1 87.4 137.9 (76.9) (72.1) (87.7) (511.1) (533.3) (614.3) (283) (253) (277.6) (225.8) (176.3) (506.6) (396.5) (122.6) (437.4) (99.6)
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 462.1 367.7 287.5 247.1 209.8 175.4 152.7 79.5 144.5 (982.5) 175.1 184.5 156.5 165 157.1 196.5 182 220.9 166 175.3 171.5 176.7 153.9 94.4 (98.8) 113.3 101.6 64 65.2 (31.3) 52.1 53.6 64.6 43.5 60 45.6 45.6 (4.5) 54.4 42.3 30
Depreciation & Amortization 76.8 87.3 87 64 68.4 60 54.2 52.9 58.2 68.9 68.1 75.1 61 73.5 0.6 69.6 74.6 78.2 73 77.2 71.2 67.5 56.8 52.3 64.4 72.7 70.7 58.9 60.9 61.5 66 59.6 60.6 63.8 70.5 67.2 71.5 67.2 72.9 68.2 65.5
Stock-Based Compensation 0 1.5 1.7 1 2.1 1.2 1.3 1.5 1.4 0.8 1.5 1.7 1.5 3.6 1.6 1.4 1.6 3.5 1.5 1.6 1.4 1.8 1.3 1.3 1.2 1 1.3 1.2 1.4 1.1 1.5 1.4 1.2 0.6 0.9 1.6 1.5 1.3 1.3 1.1 1.3
Change in Working Capital 9.4 10.2 (44.7) 1.6 1.9 6.5 6.6 15.4 (7.1) 25.7 (11.7) 6.6 (14.5) 15.7 (4.8) (11.9) (9.9) 23.8 (22.6) (28.8) (7.8) 8.5 (19) (1.8) 13.3 (1.7) (17.6) (3.5) 9 (11.1) 15.5 (4.2) 4.2 2.9 (17.1) 6.8 0.4 8.7 (8.2) (9.7) 15.5
Other Non-Cash Items (68.3) (65.4) (20.1) 79.4 (2.4) (2.4) (8.9) (5.9) (23.8) 1,160.6 1.5 (13) (2.8) 6.3 68.8 (4.5) (24.7) (74.3) (9.3) 5.7 (9.7) (12.6) 0.9 2.6 274.4 (4) 0.3 (3.5) 3.8 75.1 (2.6) (4.8) 0.8 3.9 (2.5) 1.9 (1.8) 48.3 0.9 1.9 9.1
Operating Cash Flow 513.2 426.5 348 430.3 288.9 243 213.6 194.3 178.6 283.5 236 261.9 209.8 279.3 232.3 257.3 230.6 279 206.9 245.2 224.3 246.3 212.2 150.2 195.2 184.6 170.4 119.1 143.6 97.8 128.2 111.3 137.5 126.3 116 126.5 119.8 121.9 121.6 103.5 124
Investing Activities
Capital Expenditure (443.7) 2,156.6 (292.4) (1,360.9) (508.4) (4.8) (239.3) (16.6) (147.3) (84.6) (165.4) (162) (109.6) (125) (3.1) (10.3) (3.1) (19.2) (7.1) (543.6) (190.6) (138.1) (136) (4) (34.5) (8) (341.1) (38.5) (57.6) (286.2) (89.4) (90.8) (523.2) (128.8) (173.3) (137.2) (61.9) (148.2) (41.9) (40.2) (516.8)
Acquisitions 96.1 (2,191.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (34.8) (5.4) 0.4 (3) (52.3) (35.6) (27.9) (4.3) (6.7) (0.9) (8.4) (0.5) 0 26.7 (27.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.9) (0.7)
Sales/Maturities of Investments 0 114.1 84.4 15.8 9.7 9.3 12.9 1.1 0 0 0.1 1.9 0 0.1 0 0.2 1.5 0 0 0.5 12.2 0.2 3.4 0 0 6.2 0.5 5 1.3 0 0 0 0 0 0 0 0 4.6 0.4 13 10.6
Other Investing Activities (10.1) (9.6) (0.4) 10 0 0 (24.7) (16.9) (36.5) (18.7) 0 0 7 0 0 (4.7) 0 (17.2) 0 0 0 0 15 (15) 0 0 (3.9) 0 0 0.9 0 0 0 12.6 (12.3) 0 0 30.3 0 0 0
Investing Cash Flow (392.4) 64.1 (208) (1,338.1) (551) (31.1) (279) (36.7) (190.5) (104.2) (173.7) (160.6) (102.6) (98.2) (30.9) (14.8) (1.6) (36.4) (7.1) (543.1) (178.4) (137.9) (117.6) (19) (34.5) (1.8) (344.5) (33.5) (56.3) (285.3) (89.4) (90.8) (523.2) (116.2) (185.6) (137.2) (61.9) (113.3) (87.6) (6.9) (482)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (80) (165) (190) 275 (50) 0 0 0 0 0 0 0 (1) 0 0 0 (460)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 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) 0 0 0 0 0 0 0
Dividends Paid (79.4) (70.6) (67.3) (67) (70.2) (62.1) (61.1) (60.3) (58.9) (59.8) (56.8) (58.6) (57.8) (48) (48.2) (51.3) (50.1) (46.2) (46.4) (45.2) (41.8) (39.8) (39.1) (39.8) (36.2) (35.3) (32.9) (35.1) (34.9) (31.6) (33.9) (35) (35.6) (31.8) (31.8) (32.1) (30.1) (30.7) (29.9) (29.2) (28.3)
Other Financing Activities (0.7) (3.5) 0.0 0.0 3.4 0.1 0 1.1 0.8 0 0 1.7 1.2 4.3 (0.9) 2.7 2.5 0.1 (0.9) 0.3 (0.1) 0.1 1.3 4.8 1.2 4.7 6 1.5 0.2 214.1 0.1 0 (0.5) (0.2) 2.5 364.1 0.1 0.2 0.5 5.4 10.2
Financing Cash Flow (79.7) (70.3) (64.2) (66.1) (66.8) (62) (61.1) (59.2) (58.1) (59.8) (56.8) (56.9) (56.6) (43.7) (49.1) (48.6) (47.6) (46.1) (47.3) (44.9) (41.9) (39.7) (9.4) 34.8 (77.5) (142.6) (133.9) 241.4 (84.7) 182.5 (33.8) (35) (36.1) (32) (29.3) 332 (31) (30.5) (29.4) (23.8) 405.4
Cash Position
Net Change in Cash (49.9) 434.2 76.4 (967.8) (323.2) 134 (121.7) 87 (69.9) 124.8 2 46.7 51.9 139.1 146.8 187.9 183.4 192.6 149 (340.8) 4.3 67.4 88.3 168.7 77.7 40.4 (307.2) 326.3 2.9 (7.2) 4.8 (15.6) (423.4) (22.2) (81) 331.3 30 (24.6) 51.8 49.5 27.1
Cash at Beginning 433.1 236.7 160.3 1,128.1 1,451.3 1,317.3 1,439 1,352 1,421.9 1,297.1 1,295.1 1,248.4 1,196.5 1,057.4 910.6 722.7 539.3 346.7 197.7 538.5 534.2 466.8 378.5 209.8 132.1 91.7 398.9 72.6 69.7 76.9 72.1 87.7 511.1 533.3 614.3 283 253 277.6 225.8 176.3 149.2
Cash at End 383.3 670.9 236.7 160.3 1,128.1 1,451.3 1,317.3 1,439 1,352 1,421.9 1,297.1 1,295.1 1,248.4 1,196.5 1,057.4 910.6 722.7 539.3 346.7 197.7 538.5 534.2 466.8 378.5 209.8 132.1 91.7 398.9 72.6 69.7 76.9 72.1 87.7 511.1 533.3 614.3 283 253 277.6 225.8 176.3
Free Cash Flow 69.5 2,583.1 55.6 (930.6) (219.5) 238.2 (25.7) 177.7 31.3 198.9 70.6 99.9 100.2 154.3 229.2 247 227.5 259.8 199.8 (298.4) 33.7 108.2 76.2 146.2 160.7 176.6 (170.7) 80.6 86 (188.4) 38.8 20.5 (385.7) (2.5) (57.3) (10.7) 57.9 (26.3) 79.7 63.3 (392.8)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1
Income Statement
Revenue 650.7 597.3 487.7 369.4 368.4 321 275.7 260.1 256.8 303.3 309.5 329.9 276.3 320.4 304.2 352.3 338.8 327.7 316.3 347.1 308.9 304.5 279.8 195.4 240.5 258.1 235.7 170.5 179.8 148.2 170.6 161.3 173.1 167.2 171.5 163.6 172.7 155.3 172 150.9 132 121.3 103.7 109.4 109.2 123 107.6 107.7 104.1 100 98.8 93.3 108.8 114.1 105.2 102.7 105 118.5 113.3 106.3 73.1 76.2 55.0 50.3 47.0 80.4 41.1 45.1 33.1 42.5 40.0 41.0 27.5
Gross Profit 526.3 460.4 353.5 271.9 261.5 226.6 189.6 178.1 165 189.3 192.5 207.7 177.1 201.1 193.7 237.2 220.6 201.1 201.3 222.6 197.1 190.3 182.5 115.1 132.5 139.1 126.3 84.2 86.5 61.9 71.2 71.9 82.3 68.2 68 62.5 61.3 62.4 71.1 55 42.1 31.2 31.6 36.3 35.1 49.4 50.7 52.9 53.4 47.7 52.6 51.2 59.3 (26.3) 59.9 56.1 57.7 101.0 97.1 82.6 58.4 73.5 47.2 43.4 40.3 78.5 39.6 43.3 31.7 40.7 37.8 38.6 25.7
Operating Income 510.9 457.8 337.2 263.4 246.4 220.9 179.4 169 158.2 (987.6) 187 200.5 172.1 188.9 188.2 231.6 212 267.1 196.8 205.3 191.5 195.8 178.3 105.8 (143.4) 129 122.2 79 80 (19.3) 65.8 64.9 77.4 61.2 63 56 55.2 0.4 67.5 50.6 37 (34.4) 26.1 30.9 30.4 13.4 46.6 47.6 48.7 (94.8) 48 42.5 53.3 (21.8) 5,532 51.5 53.7 (107.7) 57.5 45.3 33 35.2 23.3 16.2 17.4 51.7 15.6 15.1 4.7 (2.1) 13.3 13.6 6.8
Net Income 468.6 367.7 287.5 247.1 209.8 175.4 152.7 79.5 144.5 (982.5) 175.1 184.5 156.5 165 157.1 196.5 182 220.9 166 175.3 171.5 176.7 153.9 94.4 (98.8) 113.3 101.6 64 65.2 (31.3) 52.1 53.6 64.6 43.5 60 45.6 45.6 (4.5) 54.4 42.3 30 (31.4) 15.2 21.6 19.2 1.2 33.2 36.9 35.4 (80.6) 35.3 21.6 35.4 (33.1) 52 36.9 46.8 (105.4) 44.1 33.3 21.2 21.0 8.1 22.3 15.0 39.6 12.3 25.1 3.8 15.4 9.9 9.9 5.2
EPS (Diluted) 2.39 1.94 1.49 1.28 1.09 0.91 0.79 0.41 0.75 -5.25 0.90 0.97 0.81 0.86 0.77 1.03 0.95 1.15 0.87 0.92 0.90 0.93 0.81 0.50 -0.52 0.60 0.54 0.34 0.35 -0.17 0.28 0.29 0.35 0.23 0.32 0.25 0.25 -0.03 0.30 0.24 0.18 -0.20 0.10 0.14 0.12 0.01 0.22 0.25 0.24 -0.55 0.24 0.15 0.24 -0.23 0.35 0.25 0.33 -0.80 0.34 0.26 0.18 0.15 0.07 0.19 0.13 0.35 0.11 0.24 0.04 0.15 0.10 0.10 0.06
Balance Sheet
Cash & Equivalents 383.3 433.1 206.4 160.3 1,128.1 1,451.3 1,317.3 1,439 1,352 1,421.9 1,297.1 1,295.1 1,248.4 1,196.5 1,057.4 910.6 722.7 539.3 346.7 197.7 538.5 534.2 466.8 378.5 209.8 132.1 91.7 398.9 72.6 69.7 76.9 72.1 87.7 511.1 533.3 614.3 283 253 277.6 225.8 176.3 506.6 396.5 122.6 437.4 99.6
Total Assets 8,826.5 8,226.4 7,509.6 7,020.6 6,653.4 6,330.4 6,299.6 6,141.2 6,059.3 5,994.1 6,985.9 6,907.2 6,740.9 6,626.8 6,443.7 6,410.5 6,400.4 6,209.9 5,984.7 5,955.1 5,747.2 5,592.9 5,357.5 5,182.2 4,981.7 5,280.6 5,270.1 5,358.7 5,005.1 4,931.8 4,834.5 4,782 4,771.8 4,788.4 4,744.8 4,655.5 4,247.8 4,221.6 4,251 4,209.9 4,181.2 2,095.3 2,117.3 2,020.9 1,877.2 1,491.9
Total Debt 0 8.6 8.5 10.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 82.6 245 435 160 207.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 8,133.4 7,621.4 6,992.5 6,602 6,292.5 5,996.6 5,986.8 5,845.2 5,819.5 5,769.1 6,771.3 6,679.5 6,525.6 6,417.6 6,251.4 6,226.7 6,205.7 6,025.2 5,829.2 5,799.5 5,603.1 5,443.8 5,230.5 5,070.4 4,876.4 5,062.2 4,905.6 4,800.4 4,728.5 4,631.9 4,744.9 4,700.2 4,687.1 4,705.5 4,663.9 4,573.2 4,174.9 4,146.5 4,188.1 4,157.9 4,134.2 1,985.9 2,010.6 1,930.3 1,790.1 1,423.1
Cash Flow
Operating Cash Flow 513.2 426.5 348 430.3 288.9 243 213.6 194.3 178.6 283.5 236 261.9 209.8 279.3 232.3 257.3 230.6 279 206.9 245.2 224.3 246.3 212.2 150.2 195.2 184.6 170.4 119.1 143.6 97.8 128.2 111.3 137.5 126.3 116 126.5 119.8 121.9 121.6 103.5 124
Capital Expenditure (443.7) 2,156.6 (292.4) (1,360.9) (508.4) (4.8) (239.3) (16.6) (147.3) (84.6) (165.4) (162) (109.6) (125) (3.1) (10.3) (3.1) (19.2) (7.1) (543.6) (190.6) (138.1) (136) (4) (34.5) (8) (341.1) (38.5) (57.6) (286.2) (89.4) (90.8) (523.2) (128.8) (173.3) (137.2) (61.9) (148.2) (41.9) (40.2) (516.8)
Free Cash Flow 69.5 2,583.1 55.6 (930.6) (219.5) 238.2 (25.7) 177.7 31.3 198.9 70.6 99.9 100.2 154.3 229.2 247 227.5 259.8 199.8 (298.4) 33.7 108.2 76.2 146.2 160.7 176.6 (170.7) 80.6 86 (188.4) 38.8 20.5 (385.7) (2.5) (57.3) (10.7) 57.9 (26.3) 79.7 63.3 (392.8)