FTAI Aviation Ltd. logo FTAI - FTAI Aviation Ltd.

Price: -- -- | CONSENSUS: Buy DETAILS
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BUY 18
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| PRICE TARGET: $314.83 DETAILS
HIGH: $400.00
LOW: $225.00
MEDIAN: $327.00
CONSENSUS: $314.83
UPSIDE: 24.87%
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
Revenue
Revenue 830.7 662.0 667.1 676.2 502.1 502.9 469.5 447.4 330.7 316.5 294.8 278.0 296.7 277.9 233.7 115.4 95.3 98.2 100.4 98.1 77.9 76.4 83.7 95.2 114.0 162.8 152.7 152.1 117.4 131.3 103.2 74.0 70.8 62.7 61.5 52.3 46.0 42.8 43.1 33.2 31.5 33.8 35.2 33.6 34.0 23.4 16.1 10.7 7.7 7.4 6.3 2.9 2.9 0.2
Cost of Revenue 641.5 471.2 418.2 424.5 308.3 351.0 304.1 295.3 222.0 214.5 192.7 170.9 212.6 192.6 161.5 77.5 67.9 60.4 56.7 80.0 70.8 75.0 65.8 66.1 76.1 113.6 126.0 130.0 92.7 104.5 78.2 62.5 59.2 53.3 49.6 42.6 39.7 34.6 33.8 14.7 13.2 12.4 11.5 10.8 10.6 7.3 4.1 2.8 1.8 2.5 0.2 0.2 0.2 1.0
Gross Profit 189.2 190.8 248.9 251.7 193.8 151.9 165.4 152.0 108.7 102.1 102.1 107.1 84.1 85.3 72.2 37.9 27.4 37.8 43.7 18.2 7.1 1.4 18.0 29.1 37.8 49.2 26.7 22.0 24.7 26.8 25.1 11.5 11.7 9.3 11.9 9.6 6.3 8.2 9.3 18.5 18.2 21.4 23.7 22.8 23.4 16.2 12.0 7.9 5.9 4.9 6.2 2.7 2.7 (0.8)
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
SG&A Expenses 2.4 2.1 1.8 2.4 3.1 3.6 6.7 6.6 8.6 8.3 13.2 9.4 7.6 6.7 3.4 3.2 52.5 15.9 5.2 7.6 7.7 9.3 8.8 10.2 10.1 24.3 12.9 9.3 11.0 8.6 7.9 9.1 7.3 8.2 7.2 7.2 7.7 7.2 7.4 3.4 2.6 2.7 2.6 2.0 0.3 0.7 0.4 0.7 0.2 0.1 1.1 1.0 1.0 1.1
Other Expenses 0 0 39.1 34.3 32.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.0 0.0 0.0 (0.0) (0.0) (0.1) 0.2 (0.0) (0.0) 0 0 0 0 0
Operating Expenses 2.4 2.1 40.9 36.8 35.6 3.6 6.7 6.6 8.6 8.3 13.2 9.4 7.6 6.7 3.4 3.2 52.5 15.9 5.2 7.6 7.7 9.3 8.8 10.2 10.1 24.3 12.9 9.3 11.0 8.6 7.9 9.1 7.3 8.2 7.2 7.2 7.7 7.2 7.4 25.1 21.3 25.8 25.1 23.1 17.5 17.1 11.5 4.6 1.5 6.8 0.5 2.3 2.3 0.2
Operating Income
Operating Income 186.7 188.7 207.9 215.0 158.2 148.3 158.6 145.4 100.1 93.8 89.0 97.8 76.5 78.6 68.8 34.7 (25.0) 21.9 38.5 10.6 (0.6) (7.9) 9.1 18.9 27.8 25.0 13.8 12.8 13.7 18.2 17.2 2.5 4.4 1.2 4.7 2.4 (1.4) 1.0 2.0 (6.6) (3.1) (4.4) (1.4) (0.3) 5.9 (0.9) 0.5 3.3 4.3 3.4 3.9 1.1 1.1 (2.3)
Interest Expense 61.4 61.0 60.8 64.0 62.0 60.9 57.9 55.2 47.7 43.7 40.2 38.5 39.3 37.0 40.2 47.9 44.1 39.4 50.1 37.5 33.0 26.6 26.9 21.8 22.9 24.3 25.2 25.4 20.7 17.7 15.1 12.9 11.9 17.5 8.9 7.7 4.7 3.1 5.4 5.2 5.3 5.1 4.7 4.8 4.8 3.0 1.3 0.8 0.8 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 0.5 0.3 0.0 0.1 0.0 0.0 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.2 0.1 0.2 0.1 0.3 0.0 0.2 0 0.0 0.1 0.2 0.1 0.2 0.1 0.1 0.0 0.0 0.8 0.8 0.6 0.6 0.0
Profitability
EBITDA 239.0 250.8 272.7 332.9 255.7 227.7 212.2 (117.2) 146.8 144.9 132.9 137.2 115.6 102.9 78.4 138.0 (71.5) 82.0 79.6 47.8 43.6 14.0 42.8 45.0 61.7 199.1 90.1 82.3 52.4 57.8 52.9 41.9 34.6 38.3 34.1 23.6 15.0 15.0 16.7 9.5 11.0 9.6 4.6 10.5 19.7 7.7 5.4 8.4 6.3 4.9 5.1 1.7 1.7 (1.9)
EBIT 186.7 195.1 204.8 267.2 187.3 168.9 151.8 (177.7) 92.9 94.6 85.2 95.1 70.7 61.7 40.2 95.4 (133.5) 40.6 42.1 (0.7) (1.7) (32.6) (0.8) 2.3 18.4 152.8 45.8 38.1 11.0 16.3 16.4 6.9 3.0 11.4 8.2 2.3 (4.3) (2.6) (0.1) (14.6) (3.8) (4.2) (11.2) (0.2) 7.0 3.7 3.5 3.3 2.6 3.4 3.9 1.1 1.1 (2.3)
Income Before Tax 169.4 134.1 144.0 203.3 125.2 108.1 93.8 (232.9) 45.2 51.0 45.0 56.6 31.4 24.7 0.0 47.5 (177.6) 1.2 (8.0) (38.2) (34.7) (59.3) (27.7) (19.5) (4.5) 128.5 20.6 12.7 (9.7) (1.4) 1.3 (5.9) (8.8) (6.2) (0.8) (5.3) (9) (5.7) (5.6) (19.9) (9.1) (9.3) (15.9) (5.0) 2.2 0.7 2.1 (0.8) 1.8 10.8 5.8 4.3 4.3 (0.7)
Income Tax Expense 31.5 18.6 26.3 37.9 22.9 5.6 7.3 (13.0) 5.6 (67.4) 3.7 1.9 2.0 (2.1) 4.2 1.8 1.3 2.3 0.5 (1.6) 0.2 0.4 (2.5) (3.8) (0.1) 19.0 0.9 (2.3) 0.3 0.9 0.6 0.5 0.5 0.4 0.9 0.5 0.2 0.1 0.1 0.2 (0.1) (0.1) 0.1 0.3 0.2 0.2 0.2 0.4 0.2 0.2 0.2 0.0 0.0 0
Net Income 137.9 115.6 117.7 165.4 102.4 102.4 86.5 (219.9) 39.6 118.4 41.3 54.8 29.4 26.8 (16.1) 18.2 (222.2) (12.3) (32.1) (30.0) (29.9) (55.9) (21.3) (11.6) 0.3 185.5 24.7 20.3 (6.4) 1.0 4.6 0.8 (0.6) 3.0 3.0 (1.5) (4.4) (1.8) (1.3) (11.2) (5.8) (4.7) (11.7) (0.8) 5.4 3.7 4.0 (1.4) 1.4 10.6 5.6 4.3 4.3 (0.7)
Per Share Data
EPS (Basic) 1.31 1.09 1.11 1.58 0.88 0.85 0.76 -2.18 0.31 1.10 0.33 0.47 0.23 0.20 -0.04 0.12 -2.31 -0.12 -0.36 -0.35 -0.35 -0.66 -0.25 -0.14 0.02 2.13 0.30 0.24 -0.07 0.01 0.05 0.01 -0.01 0.04 0.04 -0.02 -0.06 -0.02 -0.02 -0.15 -0.08 -0.06 -0.16 -0.01 0.07 0.07 0.08 -0.03 0.03 0.20 0.11 0.08 0.08 -0.01
EPS (Diluted) 1.29 1.08 1.10 1.57 0.87 0.84 0.76 -2.18 0.31 1.09 0.33 0.46 0.22 0.20 -0.04 0.11 -2.31 -0.12 -0.36 -0.35 -0.35 -0.65 -0.25 -0.14 0.02 2.13 0.30 0.24 -0.07 0.01 0.05 0.01 -0.01 0.04 0.04 -0.02 -0.06 -0.02 -0.02 -0.15 -0.08 -0.06 -0.16 -0.01 0.07 0.07 0.08 -0.03 0.03 0.20 0.11 0.08 0.08 -0.01
Shares Outstanding 102.6 102.6 102.6 102.6 102.6 101.5 102.4 101.0 100.2 100.2 99.9 99.7 99.7 99.6 99.4 99.4 99.2 99.2 88.3 86.0 86.0 85.2 86.0 86.0 83.9 86.0 86.0 86.0 86.0 85.1 84.7 83.2 81.5 75.8 75.8 73.0 73.6 75.8 75.7 74.6 72.3 75.7 73.4 62.9 73.5 53.5 53.5 53.5 53.5 53.5 53.5 53.5 53.5 53.5
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
Current Assets
Cash & Cash Equivalents 412.2 300.5 509.9 301.9 112.1 115.1 112.0 169.6 65.4 90.9 52.9 21.1 41.0 53.1 72.7 296.8 359.7 138.2 459.4 143.2 193.5 161.4 163.4 100.0 123.4 242.5 150.6 174.4 228.6 120.8 185.5 73.8 106.7 92.8 212.8 84.0 277.3 133.5 261.8 276.2 347.9
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
Net Receivables 176.9 480.8 214.9 477.0 223.5 348.6 166.3 154.1 137.4 115.2 107.8 117.5 113.5 99.4 94.9 166.6 105.1 124.9 205.7 175.8 111.9 91.7 78.1 63.0 57.9 49.5 62.0 61.9 50.6 46.4 50.0 41.9 36.8 31.1 27.9 26.7 22.6 21.4 21.8 28.8 26.2
Inventory 1,364.3 1,193.8 897.2 752.9 645.2 551.2 491.0 373.3 345.5 316.6 274.8 232.0 192.8 163.7 160.0 0 0 100.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.7 0
Other Current Assets 636.9 57.7 412.8 197.0 889.1 123.8 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 0 0 0 0 0 0 0 0 69.6 66.0
Total Current Assets 2,590.3 2,112.5 2,034.8 1,759.4 1,869.9 1,226.0 769.4 697.0 548.2 522.7 435.5 370.7 347.3 316.2 327.6 463.4 464.8 363.4 665.1 319.1 305.4 253.1 241.5 163.0 181.3 292.0 212.6 236.3 279.2 167.3 235.5 115.7 143.6 123.9 240.7 110.7 299.9 154.9 283.6 374.6 440.1
Non-Current Assets
Property, Plant & Equipment 122.1 1,672.2 1,783.6 1,987.2 2,097.4 2,481.2 2,183.0 2,240.6 2,237.6 2,084.0 1,940.1 1,906.0 1,863.9 1,933.0 1,762.6 3,560.2 3,563.8 1,905.3 3,312.8 2,748.8 2,764.6 2,668.9 2,697.1 2,689.4 2,540.9 2,484.9 2,526.2 2,448.4 2,333.0 2,112.9 1,977.9 1,837.8 1,663.2 1,585.6 1,403.1 1,390.9 1,202.7 1,127.4 1,049.5 982.3 953.0
Goodwill 94.2 94.2 83.0 75.6 61.1 61.1 31.5 4.6 4.6 4.6 0 0 0 0 0 262.8 258.0 0 239.9 122.7 122.7 122.7 122.7 122.7 122.7 122.6 116.6 116.6 116.6 116.6 116.6 116.6 116.6 116.6 116.6 116.6 116.6 116.6 116.6 116.6 116.6
Intangible Assets 12.9 19.9 18.7 14.4 16.0 42.2 38.0 42.1 46.6 50.6 41.5 44.7 45.7 42.0 29.4 95.8 101.5 31.0 80.7 14.5 16.8 18.8 21.1 23.7 25.1 27.7 30.2 32.4 35.6 38.5 35.7 36.0 38.0 40.0 33.9 34.7 36.6 39.0 37.3 39.7 41.5
Long-Term Investments 313.0 333.3 164.3 156.5 57.9 47.5 171.6 145.1 152.6 125.0 125.6 111.4 93.4 71.2 113.8 212.1 132.9 45.3 144.6 127.5 176.1 201.7 166.0 176.6 198.2 180.7 101.8 85.8 47.4 48.0 43.4 43.8 70.2 46.9 75.2 72.0 89.9 83.9 45.9 10.0 10.3
Other Non-Current Assets 1,396.4 109.7 155.7 73.3 126.2 137.1 545.3 319.8 186.3 117.4 91.2 92.8 91.1 67.2 44.6 287.8 237.6 2,517.5 239.3 221.4 206.4 122.7 126.8 112.1 108.3 128.9 147.6 169.0 136.0 156.2 64.2 61.3 16.2 42.8 40.4 18.8 13.4 25.6 21.6 51.4 44.9
Total Non-Current Assets 1,938.6 2,261.2 2,205.4 2,341.7 2,398.3 2,811.9 2,969.5 2,752.3 2,627.7 2,450.2 2,198.2 2,154.9 2,094.1 2,132.9 1,950.4 4,418.8 4,293.7 4,520.5 4,017.4 3,234.9 3,286.7 3,134.9 3,133.9 3,124.5 2,995.3 2,944.9 2,922.5 2,852.3 2,668.5 2,471.5 2,237.7 2,095.5 1,904.2 1,831.9 1,669.2 1,633.0 1,459.2 1,392.5 1,271.0 1,200.0 1,166.3
Total Assets 4,528.9 4,373.8 4,240.2 4,101.1 4,268.1 4,038.0 3,738.9 3,449.3 3,175.9 2,972.9 2,633.8 2,525.6 2,441.4 2,449.1 2,278.0 4,882.1 4,758.5 4,883.9 4,682.5 3,553.9 3,592.0 3,388.0 3,375.3 3,287.5 3,176.6 3,236.9 3,135.0 3,088.5 2,947.7 2,638.8 2,473.2 2,211.3 2,047.8 1,955.8 1,909.9 1,743.7 1,759.1 1,547.3 1,554.6 1,574.6 1,606.4
Current Liabilities
Account Payables 203.8 208.2 147.3 83.4 110.8 69.1 194.2 128.5 132.5 106.5 103.0 73.1 100.7 81.7 101.1 251.2 187.5 83.3 211.5 146.2 99.0 110.4 85.6 105.9 80.4 121.5 120.6 110.8 92.9 95.4 81.1 82.6 54.7 67.0 50.5 44.8 32.0 36.9 31.0 31.9 28.7
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 339.8 340.1 100.5 4.3 127.6 578.9 29.8 1.2 2.4 3.5 185.3 189.1 213.5 227.6 49.4 72.9 7.8 7.8 7.8 6.2 8.1 6.5 8.1 8.5 8.3 78.5
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 (31.9) (28.7)
Other Current Liabilities 290.6 191.7 200.9 267.5 363.0 278.1 2.5 0.2 6.7 6.4 5.6 6.6 4.4 4.7 1.4 2.0 3.7 3.8 1.9 2.1 2.2 2.8 2.4 2.4 2.5 23.4 14.6 6.5 4.5 5.2 2.5 1.3 1.4 1.2 1.2 3.5 1.4 1.3 1.3 52.4 (25.7)
Total Current Liabilities 494.3 399.9 348.2 350.9 473.8 347.2 196.7 128.7 139.2 112.9 108.6 79.8 105.1 86.5 102.5 593.0 531.2 187.6 217.7 276.0 680.0 142.9 89.3 110.7 86.5 330.2 324.2 330.8 325.0 150.1 156.5 91.7 63.8 76.0 57.9 56.4 39.9 46.3 40.9 33.6 31.1
Non-Current Liabilities
Long-Term Debt 3,451.1 3,448.9 3,446.7 3,444.6 3,642.5 3,440.5 3,218.3 3,077.6 2,693.8 2,517.3 2,279.3 2,173.1 2,101.9 2,175.7 2,024.5 3,157.8 3,059.3 2,401.1 2,983.9 2,002.1 1,502.4 1,879.8 1,801.6 1,602.3 1,445.7 1,238.9 1,393.2 1,417.6 1,312.4 1,165.7 1,065.0 855.0 702.8 695.5 649.3 486.7 489.0 251.4 253.0 254.6 264.3
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 8.2 0 0 0 22.8 0 0 0 20.1 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 151.8 190.8 192.8 140.6 123.5 168.9 205.4 173.4 165.3 158.6 150.8 181.4 160.3 144.7 124.9 370.0 334.0 1,151.1 206.9 173.4 205.6 208.7 222.7 262.9 273.6 295.3 268.9 258.4 292.5 269.2 189.3 175.3 154.7 149.2 124.7 99.4 93.7 83.9 75.5 10.7 (0.8)
Total Non-Current Liabilities 3,602.9 3,639.7 3,639.5 3,585.2 3,766.0 3,609.3 3,423.7 3,251.0 2,859.1 2,684.1 2,430.1 2,354.5 2,262.2 2,343.3 2,149.4 3,599.9 3,466.3 3,572.3 3,260.7 2,236.9 1,768.4 2,145.7 2,085.2 1,925.3 1,778.3 1,567.9 1,705.1 1,719.5 1,649.6 1,434.9 1,254.3 1,030.2 857.5 844.7 774.1 586.1 582.7 335.3 328.5 326.0 316.3
Total Liabilities 4,097.2 4,039.6 3,987.7 3,936.1 4,239.8 3,956.6 3,620.4 3,379.7 2,998.3 2,797.1 2,538.7 2,434.3 2,367.3 2,429.7 2,251.9 4,192.9 3,997.5 3,759.8 3,478.5 2,512.9 2,448.4 2,288.7 2,174.5 2,036.0 1,864.8 1,898.1 2,029.4 2,050.3 1,974.6 1,585.0 1,410.8 1,121.9 921.3 920.7 832.0 642.5 622.5 381.6 369.4 359.6 347.4
Stockholders' Equity
Common Stock 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8
Retained Earnings 375.7 282.5 277.9 194.7 29.3 (73.1) (175.6) (262.0) (42.2) (81.8) (200.1) (241.5) (296.2) (325.6) (352.4) (336.3) (354.6) (132.4) (120.1) (88.1) (58.1) (28.2) 60.8 115.1 159.2 190.5 6.8 (18.9) (39.2) (32.8) (33.9) (38.4) (39.3) (38.7) (41.7) (44.7) (43.2) (38.8) (37.0) (35.7) (24.6)
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (298.9) (251.2) (156.4) (103.8) (49.1) (16.3) (26.2) (16.4) (3.0) 9.1 0.4 25.5 34.1 (43.0) 0 0 0 0 0 11.6 5.9 12.0 7.1 0 0 0
Total Stockholders' Equity 431.7 334.2 252.5 164.9 28.3 81.4 118.5 69.6 177.1 175.3 94.5 90.8 73.6 18.9 25.5 698.9 767.9 1,124.3 1,197.5 1,027.6 1,125.0 1,076.7 1,175.4 1,222.7 1,279.3 1,301.9 1,060.6 988.9 919.9 997.4 1,004.5 1,027.9 1,047.0 947.1 980.7 996.8 1,029.4 1,053.8 1,073.5 1,099.5 1,135.5
Total Liabilities & Equity 4,528.9 4,373.8 4,240.2 4,101.1 4,268.1 4,038.0 3,738.9 3,449.3 3,175.9 2,972.9 2,633.8 2,525.6 2,441.4 2,449.1 2,278.0 4,882.1 4,758.5 4,883.9 4,682.5 3,553.9 3,592.0 3,388.0 3,375.3 3,287.5 3,176.6 3,236.9 3,135.0 3,088.5 2,947.7 2,638.8 2,473.2 2,211.3 2,047.8 1,955.8 1,909.9 1,743.7 1,759.1 1,547.3 1,554.6 1,574.6 1,606.4
Debt Metrics
Total Debt 3,451.1 3,448.9 3,446.7 3,444.6 3,642.5 3,440.5 3,218.3 3,077.6 2,693.8 2,517.3 2,279.3 2,173.1 2,101.9 2,175.7 2,024.5 3,569.7 3,472.4 2,501.6 3,058.1 2,191.2 2,141.6 1,966.8 1,863.8 1,664.7 1,508.3 1,457.9 1,625.3 1,674.6 1,584.7 1,215.1 1,137.9 862.7 710.6 703.3 655.6 494.8 495.5 259.5 261.5 262.9 264.3
Net Debt 3,038.8 3,148.4 2,936.8 3,142.7 3,530.4 3,325.4 3,106.3 2,908.0 2,628.4 2,426.4 2,226.5 2,152.0 2,060.9 2,122.7 1,951.8 3,272.9 3,112.7 2,363.4 2,598.7 2,048.0 1,948.2 1,805.3 1,700.4 1,564.7 1,384.9 1,215.4 1,474.7 1,500.2 1,356.2 1,094.3 952.4 788.9 603.9 610.5 442.8 410.7 218.2 126.0 (0.2) (13.3) (83.6)
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 137.9 115.6 117.7 165.4 102.4 102.4 86.5 (219.9) 39.6 118.4 41.3 54.8 29.4 26.8 (18.9) 9.8 (229.7) (19.8) (8.5) (36.6) (34.9) (59.7) (25.2) (15.7) (3.1) 114.1 20.7 15.8 (9.8) (0.6) 0.7 (6.4) (9.3) (6.5) (1.7) (5.8) (9.2) (5.8) (5.6) (20.1) (9.1)
Depreciation & Amortization 52.3 83.8 55.8 65.7 59.6 67.6 49.0 65.8 59.1 50.3 59.4 48.9 48.8 44.3 47.4 68.4 70.3 63.1 37.5 54.2 52.6 52.8 52.5 48.3 49.1 46.3 50.5 51.6 47.9 48.5 39.1 38.6 36.8 28.8 26.7 21.6 19.3 17.6 16.9 16.3 14.9
Stock-Based Compensation 6.3 5.7 0 5.5 4.9 3.4 1.4 0.6 0.5 0.5 0.5 0.5 0.1 0 0.3 1.6 0.7 0.8 0 1.4 1.1 1.0 0.6 0.4 0.3 0 0.7 0.7 0.2 0.2 0.2 0.2 0.2 0.6 0.2 0.4 0.1 0.1 0.0 0.1 (4.0)
Change in Working Capital (274.3) (284.8) (157.7) (79.8) (180.2) (86.7) 142.6 (95.2) (47.4) (34.8) (5.4) (33.1) (2.7) (23.7) (18.3) (71.7) (15.0) (30.8) 25.6 (29.8) (58.4) 5.8 (36.4) 21.3 (79.0) 29.1 (7.5) (3.8) (22.5) 4.1 (15.6) 22.1 (18.2) 3.0 (2.7) (0.1) 4.4 0.6 1.8 1.6 (5.8)
Other Non-Cash Items (94.5) (95.7) (41.0) (294.2) (33.3) (129.2) (245.3) 75.6 (56.7) (52.5) (49.2) (44.0) (38.5) (33.9) 8.1 (62.4) 173.2 (14.9) (10.7) (2.5) (9.4) 33.3 (4.9) 10.5 17.0 (147.4) (30.5) (23.4) 4.1 (4.9) 2.7 (6.8) 1.5 (9.5) (3.7) (0.4) 2.9 2.7 1.7 6.7 0.6
Operating Cash Flow (160.1) (179.1) 4.6 (110.3) (26.0) (41.8) 41.5 (187.3) (0.3) 12.2 49.5 28.5 38.7 0.6 27.3 (50.5) 1.9 (1.3) 43.2 (15.0) (48.9) 34.7 (16.3) 56.5 (11.8) 58.5 34.6 37.8 20.3 47.3 27.3 47.7 11.5 16.1 19.2 15.6 17.7 15.2 14.7 4.8 (3.8)
Investing Activities
Capital Expenditure (6.6) (694.8) (92.5) (151.6) (271.6) (531.2) 438.7 (160.3) (278.3) (255.6) (183.4) (201.0) (137.6) (307.7) (61.2) (165.4) (279.4) (351.3) (154.7) (100.3) (154.5) (134.6) (126.1) (218.4) (118.0) (368.5) (162.9) (177.7) (190.7) (235.0) (182.0) (221.4) (111.1) (197.0) (86.6) (197.1) (83.6) (104.0) (74.2) (59.1) (39.2)
Acquisitions 0 329.6 356.8 294.5 (66.3) 0.4 (380.4) (79.1) 107.7 79.4 0.7 (1.3) (29.4) 21.9 (26.6) (8.2) (5.0) 13.9 (611.1) 0.2 (10.5) 5.0 (2.6) (1.6) (5.6) 127.3 (25.7) (29.0) (4.6) 17.4 0.5 (11.0) (8.0) (5.4) (3.7) (6.5) (14.7) (27.0) (1.8) 0.0 0.4
Purchases of Investments (0.8) (139.8) (70.0) 0 (2.8) 0 0 0 0 19.5 0 0 (19.5) 0 (5.1) 0 0 0 (53.4) 0 0 25.5 0 0 0 (28.8) 0 0 0 1.1 0 0 6.6 3.7 (3.7) 0 24.7 32.5 0 0 0
Sales/Maturities of Investments 427.2 0 27.1 0 0 0 0 0 0 (19.5) 0 0 19.5 0 5.1 0 0 0 0 0 0 (4.7) 0 0 0 183.8 0 0 0 (1.1) 0 0 (1.1) (0.1) 56.8 0 (14.7) (28.8) 0 0 0
Other Investing Activities (102.7) (2.6) 5.1 380.9 313.0 504.0 (281.1) 188.8 1.4 (6.1) 93.5 112.7 154.7 142.9 126.2 94.9 51.0 64.0 0 50.1 10.2 6.8 19.7 13.0 32.4 0.6 104.4 47.4 29.0 15.7 4.9 20.8 0.1 34.2 16.4 27.5 9.4 2.2 5.3 6.2 74.3
Investing Cash Flow 317.0 0.6 226.5 523.8 (27.6) (26.8) (223.3) (50.7) (169.2) (182.3) (89.2) (89.5) (12.3) (142.9) 38.4 (78.7) (228.1) (256.7) (826.1) (49.8) (154.4) (101.9) (109.1) (207.0) (91.1) (85.5) (84.2) (159.3) (166.4) (201.9) (176.5) (211.6) (113.5) (164.5) (20.9) (176.0) (78.8) (125.1) (70.6) (52.9) 35.5
Financing Activities
Net Debt Issuance 0 0 (0.0) (200) 200 207.6 150.1 366.9 175 246.7 105 68.6 (75) 150 (759.8) 94.7 184.5 240 843.0 51.8 171.6 100.8 205 155.0 28.0 31.3 (50.9) 95.2 305.5 98.8 274.9 152.5 6.0 47.4 162.5 (4.2) 233.8 (2.6) (1.9) (1.8) (43.3)
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 0 0 0 0 0 0 0
Dividends Paid (44.7) (39.6) (34.5) (34.5) (36.9) (38.5) (39.0) (38.4) (38.4) (38.4) (38.3) (38.3) (36.7) (36.7) (39.6) (39.8) (39.5) (39.6) (35.2) (35.0) (33.0) (33.0) (33.0) (32.5) (32.9) (30.2) (28.4) (28.4) (28.4) (28.0) (28.0) (27.3) (27.3) (25.0) (25.0) (25.0) (25.0) (25.0) (25.0) (25.8) (24.2)
Other Financing Activities (0.4) 8.6 11.4 10.8 11.7 8.1 13.2 13.7 7.4 (0.2) 4.7 10.8 11.5 9.3 509.6 11.4 0.8 6.9 (0.6) (2.3) (4.4) (2.0) (3.8) 4.7 (11.0) 6.8 105.1 0.4 (23.2) (0.7) 14.0 5.9 8.8 9.1 8.0 1.0 5.5 7.6 4.5 4.0 1.9
Financing Cash Flow (45.2) (31.0) (23.1) (223.7) 50.6 71.8 124.3 342.3 144.0 208.1 71.5 41.1 (38.4) 122.6 (289.8) 66.3 145.8 238.6 1,099.1 14.6 235.4 65.2 188.7 127.2 (16.2) 119.0 25.8 67.2 253.9 90.0 260.9 131.0 115.9 31.5 145.5 (28.2) 214.3 (20.0) (22.4) (23.6) (65.5)
Cash Position
Net Change in Cash 111.8 (209.5) 208.0 189.8 (3.0) 3.2 (57.6) 104.3 (25.5) 38.0 31.7 (19.9) (12.1) (19.7) (224.1) (62.9) (80.4) (19.4) 316.2 (50.2) 32.1 (2.0) 63.4 (23.3) (119.1) 91.9 (23.8) (54.2) 107.7 (64.7) 111.7 (32.9) 13.9 (117.0) 143.8 (188.6) 153.2 (129.8) (78.3) (71.7) (33.8)
Cash at Beginning 300.6 509.9 301.9 112.3 115.3 112.0 169.6 65.4 90.9 52.9 21.1 41.0 53.1 72.7 296.8 359.7 440.1 459.4 143.2 193.5 161.4 163.4 100.0 123.4 242.5 150.6 174.4 228.6 120.8 185.5 73.8 106.7 92.8 176.4 32.6 221.2 68.1 197.9 276.2 347.9 381.7
Cash at End 412.4 300.5 509.9 302.1 112.3 115.3 112.0 169.6 65.4 90.9 52.9 21.1 41.0 53.1 72.7 296.8 359.7 440.1 459.4 143.2 193.5 161.4 163.4 100.0 123.4 242.5 150.6 174.4 228.6 120.8 185.5 73.8 106.7 59.4 176.4 32.6 221.2 68.1 197.9 276.2 347.9
Free Cash Flow (166.7) (873.9) (87.9) (262.0) (297.5) (573.0) 480.1 (347.6) (278.6) (243.4) (133.9) (172.4) (98.9) (307.1) (33.9) (215.9) (277.5) (352.6) (111.5) (115.3) (203.4) (99.9) (142.4) (161.9) (129.8) (310.1) (128.3) (139.8) (170.5) (187.7) (154.7) (173.7) (99.6) (180.9) (67.4) (181.5) (65.9) (88.7) (59.5) (54.3) (43.0)
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
Income Statement
Revenue 830.7 662.0 667.1 676.2 502.1 502.9 469.5 447.4 330.7 316.5 294.8 278.0 296.7 277.9 233.7 115.4 95.3 98.2 100.4 98.1 77.9 76.4 83.7 95.2 114.0 162.8 152.7 152.1 117.4 131.3 103.2 74.0 70.8 62.7 61.5 52.3 46.0 42.8 43.1 33.2 31.5 33.8 35.2 33.6 34.0 23.4 16.1 10.7 7.7 7.4 6.3 2.9 2.9 0.2
Gross Profit 189.2 190.8 248.9 251.7 193.8 151.9 165.4 152.0 108.7 102.1 102.1 107.1 84.1 85.3 72.2 37.9 27.4 37.8 43.7 18.2 7.1 1.4 18.0 29.1 37.8 49.2 26.7 22.0 24.7 26.8 25.1 11.5 11.7 9.3 11.9 9.6 6.3 8.2 9.3 18.5 18.2 21.4 23.7 22.8 23.4 16.2 12.0 7.9 5.9 4.9 6.2 2.7 2.7 (0.8)
Operating Income 186.7 188.7 207.9 215.0 158.2 148.3 158.6 145.4 100.1 93.8 89.0 97.8 76.5 78.6 68.8 34.7 (25.0) 21.9 38.5 10.6 (0.6) (7.9) 9.1 18.9 27.8 25.0 13.8 12.8 13.7 18.2 17.2 2.5 4.4 1.2 4.7 2.4 (1.4) 1.0 2.0 (6.6) (3.1) (4.4) (1.4) (0.3) 5.9 (0.9) 0.5 3.3 4.3 3.4 3.9 1.1 1.1 (2.3)
Net Income 137.9 115.6 117.7 165.4 102.4 102.4 86.5 (219.9) 39.6 118.4 41.3 54.8 29.4 26.8 (16.1) 18.2 (222.2) (12.3) (32.1) (30.0) (29.9) (55.9) (21.3) (11.6) 0.3 185.5 24.7 20.3 (6.4) 1.0 4.6 0.8 (0.6) 3.0 3.0 (1.5) (4.4) (1.8) (1.3) (11.2) (5.8) (4.7) (11.7) (0.8) 5.4 3.7 4.0 (1.4) 1.4 10.6 5.6 4.3 4.3 (0.7)
EPS (Diluted) 1.29 1.08 1.10 1.57 0.87 0.84 0.76 -2.18 0.31 1.09 0.33 0.46 0.22 0.20 -0.04 0.11 -2.31 -0.12 -0.36 -0.35 -0.35 -0.65 -0.25 -0.14 0.02 2.13 0.30 0.24 -0.07 0.01 0.05 0.01 -0.01 0.04 0.04 -0.02 -0.06 -0.02 -0.02 -0.15 -0.08 -0.06 -0.16 -0.01 0.07 0.07 0.08 -0.03 0.03 0.20 0.11 0.08 0.08 -0.01
Balance Sheet
Cash & Equivalents 412.2 300.5 509.9 301.9 112.1 115.1 112.0 169.6 65.4 90.9 52.9 21.1 41.0 53.1 72.7 296.8 359.7 138.2 459.4 143.2 193.5 161.4 163.4 100.0 123.4 242.5 150.6 174.4 228.6 120.8 185.5 73.8 106.7 92.8 212.8 84.0 277.3 133.5 261.8 276.2 347.9
Total Assets 4,528.9 4,373.8 4,240.2 4,101.1 4,268.1 4,038.0 3,738.9 3,449.3 3,175.9 2,972.9 2,633.8 2,525.6 2,441.4 2,449.1 2,278.0 4,882.1 4,758.5 4,883.9 4,682.5 3,553.9 3,592.0 3,388.0 3,375.3 3,287.5 3,176.6 3,236.9 3,135.0 3,088.5 2,947.7 2,638.8 2,473.2 2,211.3 2,047.8 1,955.8 1,909.9 1,743.7 1,759.1 1,547.3 1,554.6 1,574.6 1,606.4
Total Debt 3,451.1 3,448.9 3,446.7 3,444.6 3,642.5 3,440.5 3,218.3 3,077.6 2,693.8 2,517.3 2,279.3 2,173.1 2,101.9 2,175.7 2,024.5 3,569.7 3,472.4 2,501.6 3,058.1 2,191.2 2,141.6 1,966.8 1,863.8 1,664.7 1,508.3 1,457.9 1,625.3 1,674.6 1,584.7 1,215.1 1,137.9 862.7 710.6 703.3 655.6 494.8 495.5 259.5 261.5 262.9 264.3
Stockholders' Equity 431.7 334.2 252.5 164.9 28.3 81.4 118.5 69.6 177.1 175.3 94.5 90.8 73.6 18.9 25.5 698.9 767.9 1,124.3 1,197.5 1,027.6 1,125.0 1,076.7 1,175.4 1,222.7 1,279.3 1,301.9 1,060.6 988.9 919.9 997.4 1,004.5 1,027.9 1,047.0 947.1 980.7 996.8 1,029.4 1,053.8 1,073.5 1,099.5 1,135.5
Cash Flow
Operating Cash Flow (160.1) (179.1) 4.6 (110.3) (26.0) (41.8) 41.5 (187.3) (0.3) 12.2 49.5 28.5 38.7 0.6 27.3 (50.5) 1.9 (1.3) 43.2 (15.0) (48.9) 34.7 (16.3) 56.5 (11.8) 58.5 34.6 37.8 20.3 47.3 27.3 47.7 11.5 16.1 19.2 15.6 17.7 15.2 14.7 4.8 (3.8)
Capital Expenditure (6.6) (694.8) (92.5) (151.6) (271.6) (531.2) 438.7 (160.3) (278.3) (255.6) (183.4) (201.0) (137.6) (307.7) (61.2) (165.4) (279.4) (351.3) (154.7) (100.3) (154.5) (134.6) (126.1) (218.4) (118.0) (368.5) (162.9) (177.7) (190.7) (235.0) (182.0) (221.4) (111.1) (197.0) (86.6) (197.1) (83.6) (104.0) (74.2) (59.1) (39.2)
Free Cash Flow (166.7) (873.9) (87.9) (262.0) (297.5) (573.0) 480.1 (347.6) (278.6) (243.4) (133.9) (172.4) (98.9) (307.1) (33.9) (215.9) (277.5) (352.6) (111.5) (115.3) (203.4) (99.9) (142.4) (161.9) (129.8) (310.1) (128.3) (139.8) (170.5) (187.7) (154.7) (173.7) (99.6) (180.9) (67.4) (181.5) (65.9) (88.7) (59.5) (54.3) (43.0)