FOUR - Shift4 Payments, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$63.77
DETAILS
HIGH:
$101.00
LOW:
$40.00
MEDIAN:
$65.00
CONSENSUS:
$63.77
UPSIDE:
23.71%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||
| Revenue | 1,121 | 1,189 | 1,176.9 | 966.2 | 848.3 | 887 | 909.2 | 827 | 707.4 | 705.4 | 675.4 | 637 | 547 | 537.7 | 547.3 | 506.7 | 401.9 | 399.4 | 377.8 | 351 | 239.3 | 210.9 | 214.8 | 141.8 | 199.4 | 202.1 | 193.8 | 180.5 | 155 |
| Cost of Revenue | 729 | 739 | 747.9 | 673.7 | 591.3 | 600.8 | 641.9 | 595.2 | 519.6 | 510.2 | 495.1 | 470.1 | 401.6 | 393.6 | 411.6 | 400.9 | 317.3 | 315.3 | 313.4 | 272.9 | 187.5 | 159.6 | 163.3 | 110.2 | 156 | 151.9 | 147.2 | 136.9 | 116.4 |
| Gross Profit | 392 | 450 | 429 | 292.5 | 257 | 286.2 | 267.3 | 231.8 | 187.8 | 195.2 | 180.3 | 166.9 | 145.4 | 144.1 | 135.7 | 105.8 | 84.6 | 84.1 | 64.4 | 78.1 | 51.8 | 51.3 | 51.5 | 31.6 | 43.4 | 50.2 | 46.6 | 43.6 | 38.6 |
| Operating Expenses | |||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0 | 0 | 0 | 1.8 | 0 | 0 | 0 | 1.2 | 0 | 0 | 0 | 2.2 | 0 | 0 | 0 |
| SG&A Expenses | 248 | 238 | 231.4 | 152.7 | 179.3 | 143.7 | 133.8 | 125.6 | 119.5 | 105 | 86.7 | 91.5 | 94.3 | 81.5 | 90.1 | 66.1 | 77.6 | 72.8 | 54.9 | 57.7 | 79.8 | 39 | 39.2 | 91.2 | 25.3 | 39.5 | 42.4 | 29.5 | 29.7 |
| Other Expenses | 94 | 84 | 83 | 56.7 | 52.3 | 56.5 | 53.1 | 47 | 46.9 | 62.8 | 48.9 | 41.5 | 42.3 | 32.1 | (7.9) | 16.7 | 18.7 | 14.5 | 15 | 15.5 | 15.4 | 16.6 | 16.2 | (2.8) | 9.5 | 8.3 | 13.5 | 9.8 | 10 |
| Operating Expenses | 342 | 322 | 314.4 | 209.4 | 231.6 | 200.2 | 186.9 | 172.6 | 166.4 | 167.8 | 135.6 | 133 | 136.6 | 114.1 | 82.2 | 82.8 | 96.3 | 89.1 | 69.9 | 73.2 | 95.2 | 56.8 | 55.4 | 88.4 | 34.8 | 50 | 55.9 | 39.3 | 39.7 |
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | 50 | 128 | 114.6 | 83.1 | 25.4 | 86 | 80.4 | 59.2 | 21.4 | 27.4 | 44.7 | 33.9 | 8.8 | 30 | 53.5 | 22.9 | (11.7) | (5) | (5.6) | 4.9 | (43.5) | (5.5) | (3.9) | (56.8) | 8.6 | 0.1 | (9.3) | 4.2 | (1.1) |
| Interest Expense | 65 | 61 | 60.8 | 39.4 | 28.5 | 27.3 | 18.3 | 8.1 | 8.1 | 8 | 8 | 8 | 8.1 | 7.9 | 8.3 | 8.4 | 7.9 | 7.8 | 7.4 | 6.3 | 6.5 | 8.1 | 7.1 | 11.7 | 13.3 | 13.4 | 12.9 | 12.7 | 12.5 |
| Interest Income | 5 | 10 | 17.5 | 19.2 | 12.4 | 13.6 | 9.7 | 5 | 5.4 | 5.9 | 9.6 | 8.8 | 7.6 | 5.9 | 3.5 | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||
| EBITDA | 188 | 255 | 228.9 | 183.5 | 125.1 | 234.9 | (112.7) | 130.5 | 104.1 | 91.7 | 110.5 | 91.5 | 72.5 | 98.1 | 63.3 | 54.3 | 17.6 | 22.7 | 20.4 | 30.6 | (18.4) | 9.1 | 17.3 | (45.8) | 26.1 | 17 | 6.9 | 22.7 | 14 |
| EBIT | 53 | 121 | 103.8 | 95.1 | 39.9 | 151.4 | (190) | 60.8 | 38 | 29.8 | 55.4 | 41.5 | 24.9 | 50.6 | 27.3 | 24.4 | (11.5) | (4.9) | (5.4) | 4.9 | (43.7) | (15) | (2.7) | (63.7) | 8.5 | 0.1 | (9.2) | 7.4 | (0.9) |
| Income Before Tax | (12) | 67 | 60.5 | 55.7 | 11.4 | 124.1 | (208.3) | 52.7 | 29.9 | 21.8 | 47.4 | 33.5 | 16.8 | 42.7 | 47.6 | 16 | (19.4) | (12.7) | (12.8) | (1.4) | (50.2) | (23.1) | (10.5) | (75.4) | (4.8) | (13.3) | (22.1) | (7.8) | (13.4) |
| Income Tax Expense | (24) | 14 | 27.1 | 14.6 | (8.1) | (15.2) | (280.5) | (1.8) | 1.4 | 2.6 | 0.9 | (3.3) | (3.6) | 4.2 | 1.2 | 1 | (6.2) | 1 | 1 | (5.9) | 0.8 | (1.4) | (0.7) | (0.6) | 0.3 | 0.5 | 0.5 | 0.4 | 0.1 |
| Net Income | 15 | 25 | 28.1 | 34 | 16.7 | 116 | 53.8 | 39.2 | 20.6 | 13.7 | 32.6 | 25.1 | 14.8 | 29.2 | 43.1 | 10.3 | (7.5) | (9.4) | (9.2) | 3.2 | (32.8) | (12.4) | (5) | (1) | (5.1) | (13.8) | (22.6) | (8.2) | (13.5) |
| Per Share Data | |||||||||||||||||||||||||||||
| EPS (Basic) | -0.01 | 0.37 | 0.19 | 0.35 | 0.24 | 1.64 | 0.78 | 0.59 | 0.31 | 0.21 | 0.56 | 0.43 | 0.26 | 0.51 | 0.78 | 0.20 | -0.13 | -0.18 | -0.17 | 0.06 | -0.62 | 1.55 | -0.12 | -0.03 | -1.83 | -0.35 | -0.58 | -0.21 | -0.35 |
| EPS (Diluted) | -0.01 | 0.37 | 0.14 | 0.32 | 0.20 | 1.43 | 0.60 | 0.58 | 0.30 | 0.21 | 0.55 | 0.42 | 0.18 | 0.46 | 0.53 | 0.13 | -0.13 | -0.18 | -0.17 | 0.06 | -0.62 | 1.55 | -0.12 | -0.03 | -1.83 | -0.35 | -0.58 | -0.21 | -0.35 |
| Shares Outstanding | 73.6 | 67.4 | 67.8 | 67.8 | 69.2 | 70.0 | 68.5 | 66.1 | 66.1 | 63.9 | 58.3 | 59.0 | 57.5 | 57.0 | 55.2 | 51.8 | 56.7 | 55.8 | 55.8 | 54.2 | 52.7 | 42.5 | 42.5 | 38.8 | 42.0 | 39.0 | 39.0 | 39.0 | 39.0 |
| 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 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||
| Cash & Cash Equivalents | 473 | 964 | 1,511.5 | 3,029.3 | 1,167.3 | 1,211.9 | 1,426.4 | 205 | 522.9 | 455 | 692.3 | 649 | 743.9 | 776.5 | 672.7 | 1,018.2 | 1,189 | 1,231.5 | 1,288.1 | 699.7 | 844.9 | 927.8 | 328.9 | 244 | 70.2 | 3.7 | (4.8) |
| Short-Term Investments | 756 | 0 | 0 | 0 | 289 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.6 |
| Net Receivables | 694 | 742 | 771.5 | 372.7 | 330.6 | 348.7 | 317.8 | 310.5 | 252.2 | 256.8 | 232.1 | 232 | 209.4 | 195 | 264.2 | 251.3 | 225.5 | 208.2 | 185.7 | 181.5 | 129.4 | 94.2 | 93.7 | 69.3 | 74.3 | 85.9 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 8.9 | 7.1 | 8.1 | 2.7 | 3.4 | 2.5 | 2.8 | 4.3 | 4.8 | 5.9 | 2.3 | 2.9 | 3.5 | 2 | 1.6 | 1.6 | 1.5 | 1.2 | 8.4 | 8.8 | 8.5 | 0 |
| Other Current Assets | 138 | 350 | 288 | 312.2 | 57.2 | 340.9 | 343.3 | 404.1 | 373.7 | 409.1 | 111.7 | 80.3 | 80.3 | 4.9 | 2.7 | 3.8 | 0.4 | 0.3 | 0.2 | 0.3 | 0.3 | 1 | 0.3 | 0.1 | 5.5 | 2.2 | 0 |
| Total Current Assets | 2,061 | 2,181 | 2,700.1 | 3,779.4 | 1,844.1 | 1,910.4 | 2,094.6 | 927.7 | 1,190.8 | 1,153.3 | 1,038.6 | 973.3 | 1,049 | 991.7 | 960.7 | 1,283.9 | 1,428.1 | 1,453.6 | 1,487.7 | 893.3 | 986.2 | 1,033.5 | 433.7 | 332 | 166 | 106.4 | 4.8 |
| Non-Current Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment | 100 | 342 | 315.9 | 248.7 | 59.2 | 229.2 | 58 | 202.7 | 181.2 | 174.5 | 160.5 | 148.5 | 133.9 | 122.5 | 108.6 | 99.1 | 95.1 | 95.3 | 74.1 | 64.7 | 55.5 | 51.7 | 46.7 | 37.5 | 15.4 | 15.4 | 0 |
| Goodwill | 2,707 | 2,704 | 2,465.5 | 1,517.7 | 1,472.2 | 1,455.6 | 1,324 | 1,299.9 | 1,107.4 | 1,111.3 | 755.4 | 757.1 | 737 | 735 | 777.3 | 627.1 | 627 | 537.7 | 537.6 | 525.2 | 525 | 477 | 422 | 422 | 422 | 421.3 | 0 |
| Intangible Assets | 2,884 | 3,010 | 3,015.5 | 970.4 | 903.2 | 915.6 | 672.1 | 861.4 | 798.8 | 830.1 | 324.5 | 332.4 | 589 | 306.8 | 561.7 | 219 | 213 | 188.5 | 188.3 | 185.1 | 194 | 186.3 | 183 | 192.2 | 202.7 | 213.2 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 2.5 | 78.9 | 72.9 | 73.1 | 62.2 | 58.6 | 56 | 56 | 47.1 | 32 | 32 | 32 | 30.5 | 29.5 | 29.5 | 16 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 406 | 85 | 81 | 82.8 | 328.7 | 528.1 | 450.4 | 129.6 | (152.3) | 108.1 | 312.3 | 322.9 | 50 | 339.2 | 45.4 | 38.5 | 36.9 | 37 | 36.4 | 33.3 | 31.9 | 30.8 | 30.2 | 30.6 | 34.7 | 31.7 | (4.8) |
| Total Non-Current Assets | 6,696 | 6,532 | 6,289.7 | 3,211.2 | 3,159.6 | 3,131 | 2,954.3 | 2,566.5 | 2,217 | 2,234.5 | 1,611.3 | 1,617.3 | 1,565.9 | 1,562.3 | 1,525 | 1,015.7 | 1,004 | 889 | 867.4 | 837.8 | 822.4 | 745.8 | 681.9 | 682.3 | 674.8 | 681.6 | (4.8) |
| Total Assets | 8,757 | 8,713 | 8,989.8 | 6,990.6 | 5,003.7 | 5,041.4 | 5,048.9 | 3,494.2 | 3,407.8 | 3,387.8 | 2,649.9 | 2,590.6 | 2,614.9 | 2,554 | 2,485.7 | 2,299.6 | 2,432.1 | 2,342.6 | 2,355.1 | 1,731.1 | 1,808.6 | 1,779.3 | 1,115.6 | 1,014.3 | 840.8 | 788 | 0 |
| Current Liabilities | |||||||||||||||||||||||||||
| Account Payables | 615 | 679 | 670 | 284.6 | 263 | 248.3 | 252 | 263.9 | 224.4 | 204.6 | 181.3 | 189.3 | 173.8 | 166.7 | 177.1 | 155.2 | 137.3 | 121.1 | 125.8 | 116.4 | 87.5 | 60.6 | 76.7 | 64.8 | 55.4 | 58.1 | 0 |
| Short-Term Debt | 10 | 10 | 699.4 | 688.6 | 687.8 | 686.9 | 0 | 8.9 | 0 | 7.8 | 6.7 | 6.1 | 0 | 5.3 | 4.6 | 0 | 4.4 | 4.8 | 0 | 0 | 0 | 0.9 | 1.8 | 2.6 | 5.2 | 5.3 | 0 |
| Deferred Revenue | 0 | 13 | 14 | 12.9 | 11 | 15.5 | 22.1 | 18.6 | 14.7 | 20.6 | 14.9 | 15.8 | 21 | 16.3 | 20.3 | 18.7 | 21.9 | 15 | 16.8 | 12 | 14.5 | 7.8 | 8.1 | 11.6 | 10.3 | 5.6 | 0 |
| Other Current Liabilities | 776 | 366 | 305.6 | 334 | 283 | 297.6 | 282.5 | 325.4 | 359.2 | 416.8 | (6.7) | 63.6 | 42.3 | 64.7 | 74.7 | 89.6 | 88.2 | 8.1 | 33.8 | 9.5 | 23.2 | 10.3 | 9.9 | 10.6 | 30.8 | 38.5 | 0 |
| Total Current Liabilities | 1,686 | 1,314 | 1,958 | 1,492.6 | 1,356.3 | 1,379.8 | 703.4 | 686.3 | 700.3 | 704.4 | 313 | 300.4 | 283.1 | 268.3 | 288.6 | 275.3 | 258.8 | 183.8 | 180 | 164.6 | 139 | 99.4 | 113.1 | 100 | 121.8 | 129.9 | 0 |
| Non-Current Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | 4,512 | 4,536 | 4,019.8 | 3,043.2 | 2,155.7 | 2,154.1 | 2,838 | 1,754.3 | 1,752.3 | 1,750.2 | 1,748.1 | 1,746 | 1,744 | 1,741.9 | 1,739.8 | 1,737.8 | 1,735.9 | 1,738.5 | 1,736.8 | 1,117.6 | 1,116.4 | 1,005.4 | 437.7 | 437.4 | 703.4 | 635.1 | 0 |
| Deferred Tax Liabilities | 478 | 471 | 348.9 | 40.8 | 44.4 | 60.6 | 32.7 | 31.1 | 27.6 | 28.7 | 17.4 | 17.8 | 13.1 | 18.6 | 9.3 | 1.2 | 0.4 | 0.3 | 0 | 0.6 | 2.7 | 2.8 | 5.2 | 3.7 | 3.4 | 4.1 | 0 |
| Other Non-Current Liabilities | 259 | 382 | 379.9 | 397.4 | 403.7 | 399.9 | 401.6 | 39.3 | 14.8 | 17.3 | 11.6 | 26.4 | 29.5 | 26.5 | 11.3 | 1.9 | 2.2 | 2.4 | 2.9 | 2.1 | 1.4 | 1.7 | 2.1 | 2.6 | 47.6 | (34.1) | 0 |
| Total Non-Current Liabilities | 5,291 | 5,442 | 4,799.8 | 3,507.4 | 2,631.4 | 2,643.9 | 3,297.7 | 1,849.1 | 1,811.7 | 1,815 | 1,795.9 | 1,811 | 1,805.4 | 1,805.1 | 1,776.3 | 1,756.9 | 1,755.1 | 1,759.1 | 1,739.7 | 1,120.3 | 1,120.5 | 1,009.9 | 445 | 443.7 | 754.4 | 687 | 0 |
| Total Liabilities | 6,977 | 6,756 | 6,757.8 | 5,000 | 3,987.7 | 4,023.7 | 4,001.1 | 2,535.4 | 2,512 | 2,519.4 | 2,108.9 | 2,111.4 | 2,088.5 | 2,073.4 | 2,064.9 | 2,032.2 | 2,013.9 | 1,942.9 | 1,919.7 | 1,284.9 | 1,259.5 | 1,109.3 | 558.1 | 543.7 | 876.2 | 816.9 | 0 |
| 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 | 0.3 | 0.3 | 0 |
| Retained Earnings | (644) | (467) | (283.4) | (296.4) | (259.6) | (228.2) | (257.5) | (297.8) | (326.1) | (346.7) | (355) | (387.6) | (348.8) | (363.6) | (392.8) | (422.8) | (332.8) | (325.3) | (315.9) | (306.7) | (309.9) | (278.7) | (262.6) | (257.6) | (183.6) | (178.4) | 0 |
| Accumulated Other Comprehensive Income | (5) | 47 | 47.1 | 62.9 | (2.6) | (28.2) | 20.6 | (7.1) | 3.5 | 14.1 | 6.3 | 10.3 | 10.4 | 8.3 | (0.7) | (0.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (43) | 41.4 |
| Total Stockholders' Equity | 1,653 | 1,442 | 1,669.7 | 1,592.5 | 805.2 | 806.6 | 811.8 | 700.8 | 674.5 | 653.3 | 400.2 | 356.5 | 391.8 | 347.3 | 302.5 | 183.5 | 288.5 | 272.8 | 298.4 | 294.6 | 350.6 | 459.6 | 310 | 260.1 | (35.4) | (28.9) | 84.4 |
| Total Liabilities & Equity | 8,757 | 8,713 | 8,989.8 | 6,990.6 | 5,003.7 | 5,041.4 | 5,048.9 | 3,494.2 | 3,407.8 | 3,387.8 | 2,649.9 | 2,590.6 | 2,614.9 | 2,554 | 2,485.7 | 2,299.6 | 2,432.1 | 2,342.6 | 2,355.1 | 1,731.1 | 1,808.6 | 1,779.3 | 1,115.6 | 1,014.3 | 840.8 | 788 | 84.4 |
| Debt Metrics | |||||||||||||||||||||||||||
| Total Debt | 4,582 | 4,616 | 4,788.4 | 3,768.6 | 2,882 | 2,881.3 | 2,872.1 | 1,787.6 | 1,776.7 | 1,776.8 | 1,773.6 | 1,770.6 | 1,768.6 | 1,765.3 | 1,760.3 | 1,757.9 | 1,756.9 | 1,761.2 | 1,736.8 | 1,117.6 | 1,116.4 | 1,006.3 | 439.5 | 440 | 708.6 | 640.4 | 0 |
| Net Debt | 4,109 | 3,652 | 3,276.9 | 739.3 | 1,714.7 | 1,669.4 | 1,445.7 | 1,582.6 | 1,253.8 | 1,321.8 | 1,081.3 | 1,121.6 | 1,024.7 | 988.8 | 1,087.6 | 739.7 | 567.9 | 529.7 | 448.7 | 417.9 | 271.5 | 78.5 | 110.6 | 196 | 638.4 | 636.7 | 4.8 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | 12 | 25 | 33.4 | 41.1 | 19.5 | 139.3 | 95.4 | 39.2 | 20.6 | 13.7 | 46.5 | 36.8 | 20.4 | 38.5 | 46.4 | 15 | (13.2) | (13.7) | (13.8) | 4.5 | (51) | (21.3) | (9.9) | (74) | (5.2) | (13.8) | (22.6) | (8.2) | (13.5) |
| Depreciation & Amortization | 138 | 137 | 136.9 | 88.4 | 85.2 | 83.5 | 77.3 | 69.7 | 66.1 | 61.9 | 55.1 | 50 | 47.6 | 47.5 | 42.6 | 29.9 | 29.1 | 27.6 | 25.8 | 25.7 | 25.3 | 24.1 | 24.3 | 17.9 | 17.7 | 16.9 | 16.1 | 15.3 | 14.9 |
| Stock-Based Compensation | 16 | 0 | 15.6 | 15.2 | 26 | 14.1 | 14.3 | 14.3 | 22.8 | 11 | 12.4 | 13.1 | 20.9 | 11.2 | 12.2 | 9.3 | 16.9 | 13.9 | 6.3 | 6.6 | 14 | 10 | 6.2 | 50 | 1.6 | 2 | 2.9 | 1.3 | 1.2 |
| Change in Working Capital | (8) | (12) | 31.5 | (14.5) | (17) | (23.3) | 22.2 | (24.7) | 3.9 | (13.8) | (15.1) | (15.9) | (8.1) | 47.6 | (19.4) | (10.5) | 5.4 | (28.5) | 2.1 | (30.8) | 1.5 | (17) | (15) | 2.4 | 3.6 | (13.2) | 4.8 | 0.7 | 2.8 |
| Other Non-Cash Items | 8 | 74 | (59.1) | 14.5 | 0.6 | (46.3) | 263.7 | 26.9 | 1.6 | 32 | 13 | 10.7 | 4.2 | (7.6) | (32) | 3.4 | 5.2 | 2.5 | 2.2 | 2.9 | 8.6 | 13 | 3.2 | 0.5 | (7.4) | 2 | 9.1 | 3.1 | 4.9 |
| Operating Cash Flow | 134 | 224 | 171.8 | 141.9 | 96.6 | 145.4 | 182.1 | 116.1 | 115 | 105.3 | 111.7 | 91.9 | 79.4 | 139.5 | 50.9 | 47.9 | 37.1 | 3.6 | 20.6 | 6.7 | (1.7) | 6.4 | 10.3 | (3) | 9.7 | (6.4) | 10.2 | 12.5 | 10.4 |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditure | (71) | (37) | 100.7 | (48.9) | (51.8) | (56.3) | 81.4 | (41) | (25.7) | (32.3) | (43.1) | (41.5) | (30.2) | (33.7) | (287.5) | (35.3) | (23.5) | (26.5) | (25.9) | (17.6) | (15.5) | (15.4) | (10.6) | (2.9) | (4) | (5.4) | (5.4) | (5.7) | (3.4) |
| Acquisitions | 98 | (177) | (2,564.6) | 0 | (3.7) | (248.7) | (4.5) | (301.4) | 0 | (133.4) | 0 | (35.1) | (1.2) | (0.1) | (122.6) | 0 | (12.6) | (0.3) | (14) | 0.4 | (40.6) | (49.8) | 0 | 0 | 0 | 0 | (60.2) | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | (3) | 0 | (10.8) | 0 | 0 | (3.3) | 0 | 0 | 0 | (15.1) | 0 | 0 | (1.5) | (1) | 0 | (13.5) | (16) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 1 | 1.7 | 0.3 | 122.3 | 1.5 | 1 | 1.6 | 14.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (14) | 0 | (4.8) | (4.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (44) | (3) | (109) | (24.8) | (46.8) | (102.5) | (121.3) | (0.4) | (0.9) | 3.3 | (12.2) | (15.8) | (12.8) | 15.1 | 14.2 | (7.9) | (6.3) | 7.1 | (6.6) | (2.5) | (1) | (5) | (4.6) | (4.2) | (5.6) | (5.1) | (4.8) | (5.1) | (3.7) |
| Investing Cash Flow | 16 | (217) | (2,648.5) | (47.2) | (85) | (255.9) | (53.7) | (341.8) | (39.7) | (150.8) | (43.1) | (76.6) | (31.4) | (33.8) | (395.9) | (43.2) | (43.9) | (34.7) | (46.5) | (38) | (77.5) | (70.2) | (15.2) | (7.1) | (9.6) | (10.5) | (70.4) | (10.8) | (7.1) |
| Financing Activities | |||||||||||||||||||||||||||||
| Net Debt Issuance | 55 | (185) | 1,000 | 863.2 | 26.8 | 73.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 632.5 | 0 | (0.9) | 689.2 | (0.9) | (280.1) | 67.2 | 19.6 | 68.8 | (21.3) | (1.3) |
| Stock Repurchased | (295) | (316) | 0 | (85.3) | (62.9) | (110) | (20) | (15.9) | (9.1) | (8.6) | (4.8) | (96.8) | (5.3) | (2.5) | (0.4) | (167.2) | (18.7) | (19.5) | (3.4) | (113.9) | (2.4) | 0 | 0 | (0.4) | (0.1) | (0.1) | 0 | (0.1) | 0 |
| Dividends Paid | (15) | (15) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.9) | (0.1) | (0.1) | 0 | (0.1) | 0 |
| Other Financing Activities | (146) | (20) | (122.7) | 928.9 | (44.6) | 15.4 | 1,071.4 | (55.1) | (79) | (19.3) | (4.3) | (11.4) | (1.7) | (0.7) | 0 | (8.1) | (17) | (6) | (14.8) | 0 | (0.4) | (26.5) | (2.7) | (0.8) | (0.7) | (10.5) | (2.1) | 19.1 | (0.9) |
| Financing Cash Flow | (401) | (536) | 965.1 | 1,706.8 | (80.7) | (21.4) | 1,051.4 | (71) | (88.1) | (27.9) | (9.1) | (108.2) | (7) | (3.2) | (0.4) | (175.3) | (35.7) | (25.5) | 614.3 | (113.9) | (3.7) | 662.7 | 89.8 | 183.9 | 66.4 | 8.9 | 66.7 | (2.4) | (2.2) |
| Cash Position | |||||||||||||||||||||||||||||
| Net Change in Cash | (262) | (524.7) | (1,543.4) | 1,868.8 | (54.3) | (156.8) | 1,192.1 | (299.2) | (19.3) | (61.5) | 58 | (92.6) | 41.4 | 103.8 | (345.5) | (170.8) | (42.5) | (56.6) | 588.4 | (145.2) | (82.9) | 598.9 | 84.9 | 173.8 | 66.5 | (8) | 6.5 | (0.7) | 1.1 |
| Cash at Beginning | 1,185 | 1,709.7 | 3,253.1 | 1,384.3 | 1,438.6 | 1,595.4 | 403.3 | 580.2 | 721.8 | 783.3 | 725.3 | 817.9 | 776.5 | 672.7 | 1,018.2 | 1,189 | 1,231.5 | 1,288.1 | 699.7 | 844.9 | 927.8 | 328.9 | 244 | 70.2 | 3.7 | 11.7 | 5.2 | 5.9 | 4.8 |
| Cash at End | 923 | 1,185 | 1,709.7 | 3,253.1 | 1,384.3 | 1,438.6 | 1,595.4 | 279.8 | 702.5 | 721.8 | 783.3 | 725.3 | 817.9 | 776.5 | 672.7 | 1,018.2 | 1,189 | 1,231.5 | 1,288.1 | 699.7 | 844.9 | 927.8 | 328.9 | 244 | 70.2 | 3.7 | 11.7 | 5.2 | 5.9 |
| Free Cash Flow | 63 | 187 | 272.5 | 93 | 44.8 | 89.1 | 263.5 | 75.1 | 89.3 | 73 | 68.6 | 50.4 | 49.2 | 105.8 | (236.6) | 12.6 | 13.6 | (22.9) | (5.3) | (10.9) | (17.2) | (9) | (0.3) | (5.9) | 5.7 | (11.8) | 4.8 | 6.8 | 7 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||
| Revenue | 1,121 | 1,189 | 1,176.9 | 966.2 | 848.3 | 887 | 909.2 | 827 | 707.4 | 705.4 | 675.4 | 637 | 547 | 537.7 | 547.3 | 506.7 | 401.9 | 399.4 | 377.8 | 351 | 239.3 | 210.9 | 214.8 | 141.8 | 199.4 | 202.1 | 193.8 | 180.5 | 155 |
| Gross Profit | 392 | 450 | 429 | 292.5 | 257 | 286.2 | 267.3 | 231.8 | 187.8 | 195.2 | 180.3 | 166.9 | 145.4 | 144.1 | 135.7 | 105.8 | 84.6 | 84.1 | 64.4 | 78.1 | 51.8 | 51.3 | 51.5 | 31.6 | 43.4 | 50.2 | 46.6 | 43.6 | 38.6 |
| Operating Income | 50 | 128 | 114.6 | 83.1 | 25.4 | 86 | 80.4 | 59.2 | 21.4 | 27.4 | 44.7 | 33.9 | 8.8 | 30 | 53.5 | 22.9 | (11.7) | (5) | (5.6) | 4.9 | (43.5) | (5.5) | (3.9) | (56.8) | 8.6 | 0.1 | (9.3) | 4.2 | (1.1) |
| Net Income | 15 | 25 | 28.1 | 34 | 16.7 | 116 | 53.8 | 39.2 | 20.6 | 13.7 | 32.6 | 25.1 | 14.8 | 29.2 | 43.1 | 10.3 | (7.5) | (9.4) | (9.2) | 3.2 | (32.8) | (12.4) | (5) | (1) | (5.1) | (13.8) | (22.6) | (8.2) | (13.5) |
| EPS (Diluted) | -0.01 | 0.37 | 0.14 | 0.32 | 0.20 | 1.43 | 0.60 | 0.58 | 0.30 | 0.21 | 0.55 | 0.42 | 0.18 | 0.46 | 0.53 | 0.13 | -0.13 | -0.18 | -0.17 | 0.06 | -0.62 | 1.55 | -0.12 | -0.03 | -1.83 | -0.35 | -0.58 | -0.21 | -0.35 |
| Balance Sheet | |||||||||||||||||||||||||||||
| Cash & Equivalents | 473 | 964 | 1,511.5 | 3,029.3 | 1,167.3 | 1,211.9 | 1,426.4 | 205 | 522.9 | 455 | 692.3 | 649 | 743.9 | 776.5 | 672.7 | 1,018.2 | 1,189 | 1,231.5 | 1,288.1 | 699.7 | 844.9 | 927.8 | 328.9 | 244 | 70.2 | 3.7 | (4.8) | ||
| Total Assets | 8,757 | 8,713 | 8,989.8 | 6,990.6 | 5,003.7 | 5,041.4 | 5,048.9 | 3,494.2 | 3,407.8 | 3,387.8 | 2,649.9 | 2,590.6 | 2,614.9 | 2,554 | 2,485.7 | 2,299.6 | 2,432.1 | 2,342.6 | 2,355.1 | 1,731.1 | 1,808.6 | 1,779.3 | 1,115.6 | 1,014.3 | 840.8 | 788 | 0 | ||
| Total Debt | 4,582 | 4,616 | 4,788.4 | 3,768.6 | 2,882 | 2,881.3 | 2,872.1 | 1,787.6 | 1,776.7 | 1,776.8 | 1,773.6 | 1,770.6 | 1,768.6 | 1,765.3 | 1,760.3 | 1,757.9 | 1,756.9 | 1,761.2 | 1,736.8 | 1,117.6 | 1,116.4 | 1,006.3 | 439.5 | 440 | 708.6 | 640.4 | 0 | ||
| Stockholders' Equity | 1,653 | 1,442 | 1,669.7 | 1,592.5 | 805.2 | 806.6 | 811.8 | 700.8 | 674.5 | 653.3 | 400.2 | 356.5 | 391.8 | 347.3 | 302.5 | 183.5 | 288.5 | 272.8 | 298.4 | 294.6 | 350.6 | 459.6 | 310 | 260.1 | (35.4) | (28.9) | 84.4 | ||
| Cash Flow | |||||||||||||||||||||||||||||
| Operating Cash Flow | 134 | 224 | 171.8 | 141.9 | 96.6 | 145.4 | 182.1 | 116.1 | 115 | 105.3 | 111.7 | 91.9 | 79.4 | 139.5 | 50.9 | 47.9 | 37.1 | 3.6 | 20.6 | 6.7 | (1.7) | 6.4 | 10.3 | (3) | 9.7 | (6.4) | 10.2 | 12.5 | 10.4 |
| Capital Expenditure | (71) | (37) | 100.7 | (48.9) | (51.8) | (56.3) | 81.4 | (41) | (25.7) | (32.3) | (43.1) | (41.5) | (30.2) | (33.7) | (287.5) | (35.3) | (23.5) | (26.5) | (25.9) | (17.6) | (15.5) | (15.4) | (10.6) | (2.9) | (4) | (5.4) | (5.4) | (5.7) | (3.4) |
| Free Cash Flow | 63 | 187 | 272.5 | 93 | 44.8 | 89.1 | 263.5 | 75.1 | 89.3 | 73 | 68.6 | 50.4 | 49.2 | 105.8 | (236.6) | 12.6 | 13.6 | (22.9) | (5.3) | (10.9) | (17.2) | (9) | (0.3) | (5.9) | 5.7 | (11.8) | 4.8 | 6.8 | 7 |