HEI - HEICO Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$375.25
DETAILS
HIGH:
$391.00
LOW:
$360.00
MEDIAN:
$375.00
CONSENSUS:
$375.25
UPSIDE:
24.65%
| 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 | 4,485.0 | 3,857.7 | 2,968.1 | 2,208.3 | 1,865.7 | 1,787.0 | 2,055.6 | 1,777.7 | 1,524.8 | 1,376.3 | 1,188.6 | 1,132.3 | 1,008.8 | 897.3 | 764.9 | 617.0 | 538.3 | 582.3 | 507.9 | 392.2 | 269.6 | 215.7 | 176.5 | 172.1 | 171.3 | 202.9 | 141.3 | 95.4 | 63.7 | 34.6 | 40.4 | 32.4 | 25.9 |
| Cost of Revenue | 2,698.6 | 2,244.7 | 1,718.8 | 1,269.5 | 1,069.4 | 1,039.3 | 1,175.2 | 1,029.6 | 903.6 | 816.0 | 715.7 | 696.6 | 604.7 | 539.5 | 464.6 | 372.0 | 337.6 | 353.5 | 314.0 | 234.3 | 157.3 | 129.1 | 118.3 | 110.6 | 100.1 | 117.3 | 77.6 | 56.4 | 41.4 | 20.3 | 25.3 | 20.7 | 16.3 |
| Gross Profit | 1,786.5 | 1,613.0 | 1,249.3 | 938.8 | 796.3 | 747.7 | 880.5 | 748.2 | 621.2 | 560.2 | 472.9 | 435.7 | 404.1 | 357.8 | 300.3 | 245.0 | 200.7 | 228.9 | 194.0 | 157.9 | 112.3 | 86.6 | 58.1 | 61.5 | 71.1 | 85.6 | 63.7 | 39 | 22.3 | 14.3 | 15.1 | 11.7 | 9.6 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 111.3 | 95.8 | 76.1 | 68.9 | 65.6 | 66.6 | 57.5 | 46.5 | 44.7 | 38.7 | 37.4 | 32.9 | 30.4 | 25.4 | 22.7 | 19.7 | 18.4 | 16.5 | 15.3 | 11.3 | 10.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 767.5 | 667.4 | 505.9 | 374.8 | 332.5 | 304.9 | 354.0 | 315.7 | 267.0 | 247.1 | 204.2 | 208.1 | 187.6 | 164.1 | 131.5 | 111.8 | 91.3 | 102.9 | 91.4 | 75.6 | 56.3 | 42.3 | 34.9 | 39.1 | 39.6 | 36.6 | 24.7 | 17.1 | 11.5 | 7.7 | 8 | 7.3 | 7.5 |
| Other 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 | 0.6 | 9.8 | 6.1 | 2.8 | 1.6 | 2.1 | 2.6 | 2 | 1.6 |
| Operating Expenses | 767.5 | 778.7 | 601.7 | 450.9 | 401.4 | 370.4 | 420.6 | 373.2 | 313.4 | 291.8 | 243.0 | 245.4 | 220.5 | 194.5 | 156.9 | 134.5 | 111.0 | 121.3 | 107.9 | 91.0 | 67.7 | 52.7 | 34.9 | 39.1 | 40.2 | 46.4 | 30.8 | 19.9 | 13.1 | 9.8 | 10.6 | 9.3 | 9.1 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 1,019.0 | 834.3 | 647.6 | 487.9 | 394.9 | 377.2 | 459.8 | 375.0 | 307.8 | 268.4 | 229.9 | 190.3 | 183.6 | 163.3 | 143.4 | 110.6 | 89.8 | 107.6 | 86.0 | 66.9 | 44.7 | 33.9 | 23.2 | 22.4 | 31.0 | 39.2 | 32.9 | 19.1 | 9.2 | 4.5 | 4.5 | 2.4 | 0.5 |
| Interest Expense | 129.9 | 149.3 | 73.0 | 6.4 | 7.3 | 13.2 | 21.7 | 19.9 | 9.8 | 8.3 | 4.6 | 5.4 | 3.7 | 2.4 | 0.1 | 0.5 | 0.6 | 2.3 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 1,219.5 | 1,000.6 | 756.8 | 592.7 | 486.2 | 465.7 | 542.1 | 452.3 | 371.9 | 325.0 | 276.8 | 251.2 | 220.7 | 193.5 | 156.8 | 126.9 | 103.1 | 120.2 | 98.3 | 78.1 | 52.6 | 44.4 | 28.3 | 25.7 | 42.2 | 49.0 | 38.1 | 19.8 | 9.1 | 6.6 | 6.8 | 4.4 | 2.1 |
| EBIT | 1,023.4 | 826.9 | 628.3 | 497.4 | 394.3 | 378.0 | 459.5 | 376.2 | 307.8 | 265.3 | 229.6 | 204.0 | 184.5 | 163.6 | 138.5 | 109.6 | 88.5 | 105.2 | 86.1 | 67.5 | 45.2 | 37.6 | 23.2 | 22.4 | 31.0 | 39.2 | 32.9 | 19.1 | 9.2 | 4.5 | 4.5 | 2.4 | 0.5 |
| Income Before Tax | 893.6 | 677.6 | 555.3 | 491.0 | 387.1 | 364.9 | 437.8 | 356.3 | 298.0 | 257.1 | 225.0 | 198.6 | 180.8 | 161.2 | 138.4 | 109.1 | 87.8 | 102.8 | 82.8 | 64.0 | 44.0 | 36.6 | 22.1 | 21.5 | 27.3 | 47.2 | 27.9 | 17.4 | 10.3 | 5.4 | 4.4 | 2.2 | 0.6 |
| Income Tax Expense | 148 | 118.5 | 110.9 | 100.4 | 57.3 | 29 | 78.1 | 70.6 | 90.3 | 80.9 | 71.4 | 59.8 | 56.2 | 54.5 | 42.9 | 36.7 | 28 | 35.5 | 27.5 | 20.9 | 16.1 | 10.9 | 7.9 | 4.9 | 11.5 | 19.5 | 11.6 | 6.9 | 3.3 | 1.7 | 1.7 | 0.7 | 0.1 |
| Net Income | 690.4 | 514.1 | 403.6 | 351.7 | 304.2 | 314.0 | 327.9 | 259.2 | 186.0 | 156.2 | 133.4 | 121.3 | 102.4 | 85.1 | 72.8 | 54.9 | 59.8 | 67.4 | 55.3 | 43.1 | 22.8 | 20.6 | 12.2 | 15.2 | 15.8 | 26.3 | 16.3 | 10.5 | 7 | 3.7 | 2.7 | 1.5 | 0.5 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 4.97 | 3.71 | 2.94 | 2.59 | 2.25 | 2.33 | 2.45 | 1.96 | 1.41 | 1.19 | 1.02 | 0.93 | 0.79 | 0.66 | 0.57 | 0.44 | 0.48 | 0.54 | 0.45 | 0.36 | 0.20 | 0.18 | 0.11 | 0.13 | 0.15 | 0.26 | 0.19 | 0.15 | 0.09 | 0.13 | 0.16 | 0.02 | 0.01 |
| EPS (Diluted) | 4.90 | 3.67 | 2.91 | 2.55 | 2.21 | 2.29 | 2.39 | 1.90 | 1.37 | 1.17 | 1.01 | 0.92 | 0.78 | 0.66 | 0.56 | 0.42 | 0.46 | 0.52 | 0.43 | 0.34 | 0.18 | 0.17 | 0.10 | 0.12 | 0.14 | 0.23 | 0.16 | 0.12 | 0.08 | 0.13 | 0.16 | 0.02 | 0.01 |
| Shares Outstanding | 139.0 | 138.5 | 137.2 | 136.0 | 135.3 | 134.8 | 133.6 | 132.5 | 131.7 | 130.9 | 130.4 | 129.8 | 129.5 | 128.6 | 127.1 | 125.2 | 125.0 | 125.5 | 122.6 | 119.6 | 116.6 | 114.6 | 110.8 | 120.7 | 104.5 | 100.3 | 85.5 | 72.1 | 31.9 | 27.7 | 71.0 | 71.0 | 79.4 |
| 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 | 217.8 | 162.1 | 171.0 | 139.5 | 108.3 | 406.9 | 57.0 | 59.6 | 52.1 | 43.0 | 7.2 | 12.6 | 0.2 | 4.3 | 4.5 | 4.3 | 4.8 | 6 | 8.6 | 24.2 | 11 | 4.7 | 5 | 5.5 |
| 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 |
| Net Receivables | 756.9 | 650.7 | 620.8 | 388.8 | 325.0 | 270.9 | 317.5 | 251.5 | 222.5 | 202.2 | 77.9 | 88.4 | 36.8 | 28.8 | 28.4 | 31.5 | 42.0 | 35.3 | 19.4 | 12.6 | 7.9 | 6.7 | 5.7 | 4.8 |
| Inventory | 1,295.3 | 1,170.9 | 1,013.7 | 582.5 | 478.1 | 463.2 | 420.3 | 401.6 | 343.6 | 286.3 | 137.6 | 132.9 | 48.0 | 51.2 | 54.5 | 52.0 | 34.4 | 45.2 | 24.3 | 18.4 | 15.3 | 5.4 | 5.3 | 4.7 |
| Other Current Assets | 86.4 | 78.5 | 49.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.7 | 14.0 | 5.7 | 3.9 | 3.3 | 3.2 | 5.5 | 4.1 | 5.9 | 2.5 | 2.9 | 5.8 | 2.6 | 1.7 |
| Total Current Assets | 2,356.4 | 2,062.3 | 1,855.3 | 1,152.7 | 937.4 | 1,165.6 | 813.7 | 733.8 | 631.9 | 584.2 | 243.6 | 251.5 | 93.9 | 94.5 | 98.6 | 96.3 | 86.7 | 90.6 | 58.2 | 57.7 | 37.1 | 22.6 | 18.6 | 16.7 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 431.7 | 339.0 | 321.8 | 225.9 | 193.6 | 168.8 | 173.3 | 154.7 | 129.9 | 121.6 | 60.5 | 60.0 | 40.6 | 35.5 | 40.1 | 39.3 | 26.9 | 28.3 | 14.8 | 8.5 | 5.8 | 9.3 | 8.6 | 7.7 |
| Goodwill | 3,661.6 | 3,380.3 | 3,274.3 | 1,672.4 | 1,450.4 | 1,383.2 | 1,268.7 | 1,114.8 | 1,081.3 | 865.7 | 365.2 | 323.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1,471.4 | 1,334.8 | 1,357.3 | 733.3 | 582.3 | 579.0 | 550.7 | 506.4 | 538.1 | 366.9 | 41.6 | 25.0 | 216.7 | 188.7 | 189.5 | 183.0 | 152.8 | 143.6 | 54 | 13.3 | 4.8 | 12.4 | 10.2 | 7.5 |
| Long-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 |
| Other Non-Current Assets | 579.3 | 476.4 | 386.3 | 311.1 | 334.7 | 251.0 | 162.7 | 143.7 | 131.3 | 101.1 | 22.0 | 16.7 | 13.1 | 14.5 | 8.2 | 7.0 | 15.4 | 10.7 | 6.1 | 9.1 | 14.1 | 3.1 | 1.6 | 1.8 |
| Total Non-Current Assets | 6,144.1 | 5,530.5 | 5,339.7 | 2,942.8 | 2,561.0 | 2,382.1 | 2,155.5 | 1,919.6 | 1,880.5 | 1,455.3 | 489.3 | 425.0 | 270.3 | 238.8 | 237.8 | 229.3 | 195.1 | 182.6 | 74.9 | 30.9 | 24.7 | 24.8 | 20.4 | 17 |
| Total Assets | 8,500.4 | 7,592.8 | 7,195.1 | 4,095.5 | 3,498.4 | 3,547.7 | 2,969.2 | 2,653.4 | 2,512.4 | 2,039.5 | 732.9 | 676.5 | 364.3 | 333.2 | 336.3 | 325.6 | 281.7 | 273.2 | 133.1 | 88.6 | 61.8 | 47.4 | 39 | 33.7 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 231.0 | 198.4 | 205.9 | 116.6 | 85.5 | 76.2 | 106.2 | 107.2 | 89.7 | 73.3 | 27.0 | 29.7 | 8.0 | 7.5 | 7.6 | 7.8 | 5.0 | 11.1 | 6.2 | 4.2 | 4.8 | 1.5 | 1 | 0.9 |
| Short-Term Debt | 3.4 | 4.1 | 17.8 | 1.7 | 1.5 | 1.0 | 0.9 | 0.9 | 0.5 | 0.4 | 0.2 | 0.2 | 0.1 | 0.0 | 6.8 | 0.0 | 0.0 | 0.6 | 0.4 | 0.3 | 0.5 | 0.8 | 1.1 | 0.4 |
| Deferred Revenue | 79.5 | 83.9 | 87.6 | 58.8 | 32.7 | 25.6 | 23.8 | 28.3 | 29.2 | 32.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 184.4 | 8.4 | 37.3 | 28.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.8 | 0.8 | 0 | 0.6 | 8.3 | 15.6 | 11 | 8.1 | 6.6 | 5.6 | 3.8 | 2.9 |
| Total Current Liabilities | 832.0 | 663.9 | 665.3 | 420.9 | 294.9 | 241.2 | 289.1 | 282.4 | 249.4 | 214.4 | 65.5 | 81.2 | 32.0 | 22.7 | 29.3 | 24.8 | 31.2 | 27.3 | 17.6 | 12.6 | 11.9 | 7.9 | 5.9 | 4.2 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 2,164.6 | 2,225.3 | 2,460.3 | 288.6 | 235.0 | 738.8 | 561.0 | 531.6 | 673.5 | 457.8 | 55.2 | 37.4 | 18.1 | 32.0 | 49.2 | 67.0 | 40.0 | 73 | 30.1 | 10.5 | 6 | 7.1 | 4.4 | 2.9 |
| Deferred Tax Liabilities | 107.2 | 114.2 | 131.8 | 71.2 | 40.8 | 55.7 | 51.5 | 46.6 | 59.0 | 64.9 | 41.3 | 39.2 | 16.3 | 10.3 | 6.2 | 2.1 | 0.4 | 0 | 0 | 0.5 | 1.1 | 1.7 | 1.6 | 1.2 |
| Other Non-Current Liabilities | 1,017.5 | 892.1 | 744.4 | 338.9 | 378.3 | 280.3 | 184.6 | 157.7 | 151.0 | 114.1 | 23.3 | 17.0 | 5.8 | 6.1 | 6.2 | 6.2 | 6.9 | 3.6 | 2.9 | 1.9 | 1.3 | 0.5 | 0 | (0.1) |
| Total Non-Current Liabilities | 3,289.3 | 3,231.6 | 3,336.6 | 698.7 | 654.0 | 1,074.7 | 797.1 | 735.9 | 883.6 | 636.8 | 119.8 | 93.6 | 40.2 | 48.5 | 61.6 | 75.2 | 47.4 | 76.6 | 33 | 13.3 | 8.4 | 9.3 | 6 | 4 |
| Total Liabilities | 4,121.3 | 3,895.4 | 4,001.9 | 1,119.6 | 948.9 | 1,315.9 | 1,086.3 | 1,018.3 | 1,133.0 | 851.2 | 185.3 | 174.8 | 72.2 | 71.1 | 91.0 | 100.0 | 78.5 | 103.9 | 50.6 | 25.5 | 20.3 | 17.2 | 11.9 | 8.2 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.3 | 1.3 | 0.8 | 0.7 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 3,647.7 | 3,062.2 | 2,606.0 | 2,253.9 | 1,949.5 | 1,688.0 | 1,397.3 | 1,091.2 | 844.2 | 681.7 | 234.3 | 192.9 | 59.2 | 69.2 | 58.0 | 43.8 | 60.6 | 52.3 | 36.6 | 26.8 | 13.9 | 25.4 | 31 | 29.7 |
| Accumulated Other Comprehensive Income | 5.6 | (26.1) | (40.2) | (46.5) | (8.6) | (9.1) | (16.7) | (15.3) | (10.6) | (25.3) | (1.4) | (4.8) | (39.7) | (2.9) | (5) | (5.9) | (2.1) | (4.2) | (16) | (14.8) | (13.8) | (14.9) | 0 | 0 |
| Total Stockholders' Equity | 4,305.3 | 3,636.9 | 3,146.0 | 2,606.1 | 2,263.1 | 1,980.2 | 1,666.5 | 1,398.3 | 1,161.1 | 963.4 | 413.0 | 417.8 | 247.4 | 221.5 | 207.1 | 188.8 | 169.8 | 139.3 | 67.6 | 59.4 | 41.5 | 30.1 | 27.1 | 25.5 |
| Total Liabilities & Equity | 8,500.4 | 7,592.8 | 7,195.1 | 4,095.5 | 3,498.4 | 3,547.7 | 2,969.2 | 2,653.4 | 2,512.4 | 2,039.5 | 732.9 | 676.5 | 364.3 | 333.2 | 336.3 | 325.6 | 281.7 | 273.2 | 133.1 | 88.6 | 61.8 | 47.4 | 39 | 33.7 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 2,193.7 | 2,252.8 | 2,498.6 | 304.9 | 250.4 | 754.0 | 562.0 | 532.5 | 674.0 | 458.2 | 55.4 | 37.6 | 18.1 | 32.0 | 56.0 | 67.0 | 40.0 | 73.6 | 30.5 | 10.8 | 6.5 | 7.9 | 5.5 | 3.3 |
| Net Debt | 1,975.9 | 2,090.7 | 2,327.5 | 165.4 | 142.1 | 347.2 | 505.0 | 472.9 | 621.9 | 415.3 | 48.3 | 25.0 | 17.9 | 27.7 | 51.4 | 62.7 | 35.2 | 67.6 | 21.9 | (13.4) | (4.5) | 3.2 | 0.5 | (2.2) |
| 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 | 745.6 | 559.1 | 444.4 | 390.6 | 329.8 | 335.9 | 359.7 | 285.7 | 207.7 | 176.2 | 22.8 | 20.6 | 12.2 | 15.2 | 15.8 | 26.3 | 16.3 | 10.5 | 7 | 9.9 | 2.7 | 1.5 | 1 |
| Depreciation & Amortization | 196.1 | 175.3 | 130.0 | 96.3 | 93.0 | 88.6 | 83.5 | 77.2 | 64.8 | 60.3 | 7.4 | 6.8 | 5.1 | 4.5 | 10.6 | 9.8 | 6.1 | 2.8 | 1.6 | 2.1 | 2.6 | 2 | 1.6 |
| Stock-Based Compensation | 34.4 | 18.8 | 15.5 | 12.6 | 9.1 | 10.1 | 10.3 | 9.3 | 7.4 | 6.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (24.4) | (121.4) | (103.8) | (46.0) | 14.3 | (33.7) | (19.3) | (39.0) | 8.9 | 16.6 | (5.4) | 6.5 | 4.0 | (1.9) | (12.9) | (11.5) | (17.8) | (4.9) | (6.2) | (3.7) | 1.3 | (0.5) | (0.3) |
| Other Non-Cash Items | 31.2 | 62.6 | (10.8) | 5.4 | 13.6 | 14.3 | 9.5 | 8.3 | 10.6 | 9.5 | 8.0 | 6.0 | 2.4 | 3.0 | 2.3 | (12.3) | 3.4 | 1.4 | (0.2) | (5.6) | 0.7 | 0.7 | 0 |
| Operating Cash Flow | 934.3 | 672.4 | 448.7 | 467.9 | 444.1 | 409.1 | 437.4 | 328.5 | 274.9 | 249.2 | 35.8 | 44.0 | 27.9 | 23.3 | 16.5 | 12.1 | 8 | 9.5 | 1.7 | 1.7 | 7.1 | 3.9 | 2.8 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (72.9) | (58.3) | (49.4) | (32.0) | (36.2) | (22.9) | (28.9) | (41.9) | (26.0) | (30.9) | (8.3) | (5.7) | (3.8) | (5.9) | (6.9) | (8.7) | (119.1) | (51.8) | (3.6) | (3.2) | (0.8) | (1.2) | (1) |
| Acquisitions | (629.8) | (219.3) | (2,421.8) | (347.3) | (136.5) | (163.9) | (240.8) | (59.8) | (418.3) | (263.8) | (41.5) | (28.1) | (1.6) | (4.5) | (61.2) | (24.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 20.4 | 0 | 0 | 0 | 0 | (15.9) | (13.7) | (11.5) | (13.4) | (10.5) | 0 | 0 | 0 | 0 | 0 | 0 | (2.4) | (3.9) | 0 | 0 | (2.9) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.0 | 0 | 0 | 0 | 0 | 2.9 | 0 | 0 | 0 |
| Other Investing Activities | (49.4) | (15.6) | (13.2) | (16.5) | (10.8) | 3.7 | 2.8 | (0.4) | (0.6) | (2.9) | 3.9 | (0.3) | 0.1 | (1.5) | 15.2 | 48.2 | 0 | 0.3 | 3.4 | 5.9 | (2.3) | (3.4) | (3.9) |
| Investing Cash Flow | (731.7) | (293.2) | (2,484.5) | (395.8) | (183.5) | (199.0) | (280.6) | (113.5) | (444.8) | (297.6) | (45.9) | (34.2) | (5.2) | (11.4) | (45.9) | 14.7 | (121.5) | (55.4) | (0.2) | 5.6 | (6) | (4.6) | (4.9) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | (55) | (248.9) | 2,162.9 | 50 | (505) | 177 | 30 | (148) | 213.1 | 90 | 16 | (14) | (24) | (11.0) | 27.0 | (28.2) | 43.6 | 23 | 1.4 | (2) | (1.5) | 0.8 | (10.2) |
| Stock Repurchased | (22.4) | (29.9) | (14.8) | (25.9) | (3.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.2) | 0 | (0.1) | (2.6) | (2) | 0 | 0 | (0.1) | (0.2) | (0.7) |
| Dividends Paid | (32.0) | (29.1) | (27.4) | (24.5) | (23.0) | (21.6) | (18.7) | (15.4) | (12.8) | (10.7) | (1.2) | (1.2) | (1.1) | (1.0) | (0.9) | (0.8) | (0.7) | (0.6) | (0.5) | (0.5) | (0.4) | (0.3) | (0.3) |
| Other Financing Activities | (54.5) | (89.4) | (62.3) | (35.8) | (32.5) | (17.7) | (171.0) | (44.2) | (24.4) | (22.5) | (1.3) | (1.0) | 1.3 | 0.1 | 0.4 | 0.1 | 11.4 | 8.9 | 9.6 | 0.1 | 0 | 0 | 0 |
| Financing Cash Flow | (150.7) | (389.4) | 2,065.0 | (33.8) | (559.0) | 137.7 | (159.7) | (207.5) | 175.9 | 56.8 | 15.2 | (14.0) | (22.9) | (11.7) | 28.9 | (28.1) | 110.9 | 30.3 | 11.6 | (0.9) | (1.4) | 0.3 | (11.2) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 55.7 | (8.9) | 31.5 | 31.2 | (298.6) | 349.9 | (2.6) | 7.5 | 9.1 | 9.4 | 5.1 | (4.1) | (0.2) | 0.2 | (0.5) | (1.2) | (2.6) | 30.3 | 11.6 | (0.9) | (1.4) | 0.3 | (11.2) |
| Cash at Beginning | 162.1 | 171.0 | 139.5 | 108.3 | 406.9 | 57.0 | 59.6 | 52.1 | 43.0 | 33.6 | 0.2 | 4.3 | 4.5 | 4.3 | 4.8 | 6.0 | 8.6 | 24.2 | 11 | 4.7 | 5 | 5.5 | 18.8 |
| Cash at End | 217.8 | 162.1 | 171.0 | 139.5 | 108.3 | 406.9 | 57.0 | 59.6 | 52.1 | 43.0 | 5.3 | 0.2 | 4.3 | 4.5 | 4.3 | 4.8 | 6 | 54.5 | 22.6 | 3.8 | 3.6 | 5.8 | 7.6 |
| Free Cash Flow | 861.4 | 614.1 | 399.3 | 435.9 | 407.9 | 386.2 | 408.4 | 286.6 | 248.9 | 218.3 | 27.5 | 38.3 | 24.1 | 17.4 | 9.6 | 3.5 | (111.1) | (42.3) | (1.9) | (1.5) | 6.3 | 2.7 | 1.8 |
| 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 | 4,485.0 | 3,857.7 | 2,968.1 | 2,208.3 | 1,865.7 | 1,787.0 | 2,055.6 | 1,777.7 | 1,524.8 | 1,376.3 | 1,188.6 | 1,132.3 | 1,008.8 | 897.3 | 764.9 | 617.0 | 538.3 | 582.3 | 507.9 | 392.2 | 269.6 | 215.7 | 176.5 | 172.1 | 171.3 | 202.9 | 141.3 | 95.4 | 63.7 | 34.6 | 40.4 | 32.4 | 25.9 |
| Gross Profit | 1,786.5 | 1,613.0 | 1,249.3 | 938.8 | 796.3 | 747.7 | 880.5 | 748.2 | 621.2 | 560.2 | 472.9 | 435.7 | 404.1 | 357.8 | 300.3 | 245.0 | 200.7 | 228.9 | 194.0 | 157.9 | 112.3 | 86.6 | 58.1 | 61.5 | 71.1 | 85.6 | 63.7 | 39 | 22.3 | 14.3 | 15.1 | 11.7 | 9.6 |
| Operating Income | 1,019.0 | 834.3 | 647.6 | 487.9 | 394.9 | 377.2 | 459.8 | 375.0 | 307.8 | 268.4 | 229.9 | 190.3 | 183.6 | 163.3 | 143.4 | 110.6 | 89.8 | 107.6 | 86.0 | 66.9 | 44.7 | 33.9 | 23.2 | 22.4 | 31.0 | 39.2 | 32.9 | 19.1 | 9.2 | 4.5 | 4.5 | 2.4 | 0.5 |
| Net Income | 690.4 | 514.1 | 403.6 | 351.7 | 304.2 | 314.0 | 327.9 | 259.2 | 186.0 | 156.2 | 133.4 | 121.3 | 102.4 | 85.1 | 72.8 | 54.9 | 59.8 | 67.4 | 55.3 | 43.1 | 22.8 | 20.6 | 12.2 | 15.2 | 15.8 | 26.3 | 16.3 | 10.5 | 7 | 3.7 | 2.7 | 1.5 | 0.5 |
| EPS (Diluted) | 4.90 | 3.67 | 2.91 | 2.55 | 2.21 | 2.29 | 2.39 | 1.90 | 1.37 | 1.17 | 1.01 | 0.92 | 0.78 | 0.66 | 0.56 | 0.42 | 0.46 | 0.52 | 0.43 | 0.34 | 0.18 | 0.17 | 0.10 | 0.12 | 0.14 | 0.23 | 0.16 | 0.12 | 0.08 | 0.13 | 0.16 | 0.02 | 0.01 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 217.8 | 162.1 | 171.0 | 139.5 | 108.3 | 406.9 | 57.0 | 59.6 | 52.1 | 43.0 | 7.2 | 12.6 | 0.2 | 4.3 | 4.5 | 4.3 | 4.8 | 6 | 8.6 | 24.2 | 11 | 4.7 | 5 | 5.5 | |||||||||
| Total Assets | 8,500.4 | 7,592.8 | 7,195.1 | 4,095.5 | 3,498.4 | 3,547.7 | 2,969.2 | 2,653.4 | 2,512.4 | 2,039.5 | 732.9 | 676.5 | 364.3 | 333.2 | 336.3 | 325.6 | 281.7 | 273.2 | 133.1 | 88.6 | 61.8 | 47.4 | 39 | 33.7 | |||||||||
| Total Debt | 2,193.7 | 2,252.8 | 2,498.6 | 304.9 | 250.4 | 754.0 | 562.0 | 532.5 | 674.0 | 458.2 | 55.4 | 37.6 | 18.1 | 32.0 | 56.0 | 67.0 | 40.0 | 73.6 | 30.5 | 10.8 | 6.5 | 7.9 | 5.5 | 3.3 | |||||||||
| Stockholders' Equity | 4,305.3 | 3,636.9 | 3,146.0 | 2,606.1 | 2,263.1 | 1,980.2 | 1,666.5 | 1,398.3 | 1,161.1 | 963.4 | 413.0 | 417.8 | 247.4 | 221.5 | 207.1 | 188.8 | 169.8 | 139.3 | 67.6 | 59.4 | 41.5 | 30.1 | 27.1 | 25.5 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 934.3 | 672.4 | 448.7 | 467.9 | 444.1 | 409.1 | 437.4 | 328.5 | 274.9 | 249.2 | 35.8 | 44.0 | 27.9 | 23.3 | 16.5 | 12.1 | 8 | 9.5 | 1.7 | 1.7 | 7.1 | 3.9 | 2.8 | ||||||||||
| Capital Expenditure | (72.9) | (58.3) | (49.4) | (32.0) | (36.2) | (22.9) | (28.9) | (41.9) | (26.0) | (30.9) | (8.3) | (5.7) | (3.8) | (5.9) | (6.9) | (8.7) | (119.1) | (51.8) | (3.6) | (3.2) | (0.8) | (1.2) | (1) | ||||||||||
| Free Cash Flow | 861.4 | 614.1 | 399.3 | 435.9 | 407.9 | 386.2 | 408.4 | 286.6 | 248.9 | 218.3 | 27.5 | 38.3 | 24.1 | 17.4 | 9.6 | 3.5 | (111.1) | (42.3) | (1.9) | (1.5) | 6.3 | 2.7 | 1.8 | ||||||||||