Howard Hughes Holdings Inc. logo HHH - Howard Hughes Holdings Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 4
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $87.50 DETAILS
HIGH: $95.00
LOW: $80.00
MEDIAN: $87.50
CONSENSUS: $87.50
UPSIDE: 37.38%
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
Revenue
Revenue 235.9 624.4 390.2 260.9 199.3 983.6 327.1 283.5 156.5 313.0 228.5 223.3 196.3 482.0 639.5 276.7 210.2 805.7 219.2 212.5 190.6 213.7 154.4 156.2 175.2 284.2 231.2 431.3 353.9 464.7 257.2 181.0 161.7 301.0 258.7 308.6 231.8 278.5 240.8 272.2 239.7 229.4 203.4 209.2 155.1 207.1 119.2 209.6 98.7 134.0 103.5 147.1 90.1 108.4 94.8 93.9 79.8 84.9 86.9 50.8 53.1 50.8 32.5 30.6 28.8 31.0 30.3
Cost of Revenue 204.4 809.1 186.3 111.9 91.5 652.0 149.7 122.4 80.0 130.5 102.7 144.6 114.3 293.5 411.9 149.9 119.6 524.8 128.3 123.3 143.2 114.1 92.6 95.1 195.7 157.6 137.6 339.2 238.9 324.3 157.1 132.2 105.9 196.5 175.7 196.3 142.9 170.0 158.4 162.9 141.2 137.2 121.7 138.0 98.8 125.4 78.9 94.5 67.6 83.6 74.4 85.4 62.8 65.2 61.1 60.7 55.8 57.1 67.2 33.3 38.7 111.3 24.7 26.0 23.1 103.3 0
Gross Profit 31.5 (184.6) 203.9 149.0 107.8 331.6 177.4 161.0 76.5 182.5 125.8 78.8 81.9 188.5 227.7 126.8 90.6 280.8 90.8 89.2 47.4 99.6 61.8 61.1 (20.5) 126.6 93.6 92.2 115.0 140.4 100.1 48.8 55.8 104.5 83.0 112.4 88.8 108.5 82.4 109.2 98.5 92.2 81.7 71.1 56.3 81.6 40.3 115.2 31.0 50.4 29.1 61.6 27.3 43.1 33.7 33.3 24.0 27.8 19.7 17.5 14.4 (60.5) 7.8 4.6 5.7 (72.3) 30.3
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 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 25.8 37.0 28.3 34.6 22.4 23.0 24.9 22.4 21.7 19.6 23 20.2 23.6 20.9 19.5 15.5 25.9 20.9 19.0 20.3 21.8 24.6 23.4 22.2 39.1 68.3 32.5 30.1 25.3 32.8 20.6 26.9 24.3 26.5 22.4 22.9 18.1 25.1 21.1 20.1 20.3 24.2 18.5 19.6 19.0 24.4 14.8 17.5 16.9 14.2 11.9 6.8 11.2 8.5 9.3 8.2 9.8 11.6 10.0 8.4 5.2 20.8 0.2 4.9 4.1 22.3 0.3
Other Expenses (44.9) (169.7) (13.9) 46.6 37.4 48.1 (45.8) 50.2 42.2 57.8 43.4 57.9 43.4 31.4 51.0 48.2 52.1 57.8 22.7 43.2 60.7 42.9 52.4 39.2 77.6 41.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (68.5) 5.5 (10.9) 0 7.5 0.7 (7.5) (1.9) 0 (2.9) (8.8) 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses (19.2) (132.8) 14.4 81.2 59.9 71.1 (20.9) 72.6 63.9 77.4 66.4 78.1 67.0 52.3 70.5 63.7 78.0 78.7 41.7 63.5 82.4 67.5 75.8 61.5 116.7 110.1 71.2 58.6 61.3 70.2 57.8 57.1 53.2 61.0 58.9 58.2 43.5 49.1 46.0 35.6 46.0 52.0 45.2 45.5 39.8 44.5 16.5 23.4 17.1 7.0 18.4 13.8 18.0 16.2 16.3 14.2 14.9 14.2 17.5 11.8 8.4 442.8 33.1 9.1 8.7 429.9 72.7
Operating Income
Operating Income 50.7 (51.9) 189.6 67.9 47.9 260.5 198.3 88.5 12.6 105.1 59.4 0.6 14.9 136.2 157.2 63.0 12.7 202.2 49.1 25.7 (35.1) 32.1 (14.0) (0.4) (137.2) 16.5 46.6 33.4 53.7 70.3 42.3 (8.3) 2.5 62.4 24.4 54.1 77.6 59.4 0.8 73.6 193.0 40.2 36.5 25.6 16.5 37.1 23.9 91.8 13.9 43.4 10.7 47.8 9.3 26.9 17.4 19.1 9.1 13.6 2.2 5.7 6.0 (503.3) (0.6) (4.7) (3.3) (502.2) (42.4)
Interest Expense 42.1 44.2 43.9 43.7 41.1 42.3 43.8 43.0 41.9 46.3 0 33.9 38.1 30.9 24.4 28.2 27.4 32.8 31.6 31.4 34.2 33.5 31.9 32.4 34.4 29.0 28.8 24.2 23.3 24.8 21.7 18.9 16.6 15.0 17.2 14.4 17.9 17.1 16.1 16.5 16.0 16.6 15.2 14.7 13.2 10.3 13.3 8.9 7.3 9.6 0.0 0 0.1 0.3 0.4 0.2 0 0 0 0 0 0.5 0.7 0.5 0.7 0.2 0.2
Interest Income 14.7 15.3 15.3 10.3 6.1 6.1 5.3 6.2 8.1 8.9 7.7 5.0 4.1 2.5 1.0 0.3 0.0 0.0 0.0 0.0 0.0 0.5 0.4 0.4 1.1 2.1 2.9 2.3 2.6 1.7 2.1 2.6 2.1 0.9 1.8 0.8 0.6 0.5 0.2 0.4 0.3 0.1 0.1 0.3 0.1 2.9 0 18.6 2.2 (3.3) 2.1 2.1 2.4 2.4 2.4 2.3 2.3 2.8 2.3 2.2 2.5 0.3 0.1 0 0.1 1.2 0.2
Profitability
EBITDA 101.2 96.4 248.5 72.2 100.6 380.8 194.7 147.1 55.9 148.7 60.2 52.7 66.2 155.7 215.9 105.9 78.9 225.9 96.0 83.3 (5.8) 90.5 292.4 38.4 (63.1) 73.7 70.1 80.0 102.5 108.4 73.4 20.8 30.7 80.1 69.5 68.6 58.3 81.2 52.5 75.1 248.0 69.1 214.9 52.0 40.3 76.4 72.7 117.7 32.9 27.3 22.7 54.8 19.2 5.8 26.5 27.3 16.5 22.7 11.8 11.1 11.7 (639.9) 3.5 (0.6) 1.3 (496.4) (37.8)
EBIT 52.8 49.0 202.2 27.8 55.4 335.6 150.5 100.5 11.7 102.0 43.1 (0.6) 14.2 103.0 165.9 56.8 30.3 176.0 39.7 33.5 (55.2) 34 240.0 (8.6) (124.7) 33.1 67.6 42.0 66.3 70.3 42.3 10.6 19.0 84.7 33.6 33.9 33.2 77.1 34.3 50.2 225.0 41.7 189.7 69.5 (90.4) 55.3 59.5 38.7 (74.2) 16.7 12.6 (63.1) (20.5) (1.3) (47.1) 36.5 (107.7) 18.0 157.3 67.0 (112.0) (643.9) 0.7 (4.7) (3.2) (501.0) (42.3)
Income Before Tax 10.7 4.8 158.3 (15.9) 14.3 225.3 106.7 60.9 (27.5) 68.3 43.5 (34.5) (23.9) 72.0 141.5 28.7 2.9 143.2 8.2 2.1 (89.4) 0.5 208.1 (40.9) (159.2) 4.0 38.8 17.8 42.9 47.8 31.3 (8.3) 2.4 69.7 16.4 19.4 15.4 60.0 18.2 33.7 209.0 25.1 174.4 54.9 (103.7) 45.0 46.2 29.8 (81.6) 7.1 12.6 (63.1) (20.7) (1.6) (47.6) 36.3 (107.7) 18.0 157.3 64.8 (117.5) (644.5) (1.2) (5.2) (3.9) (501.2) (42.5)
Income Tax Expense 2.6 (0.9) 38.9 (3.8) 3.4 62.9 10.2 13.5 (6.5) 15.4 11.4 (15.4) (1.3) 18.7 33.9 7.3 0.7 31.9 6.0 (1.6) (21.2) 8.4 44.1 (6.8) (34.1) 5.0 8.7 4.5 11.0 9.9 7.5 (2.4) 0.6 (77.6) 5.8 16.3 9.7 16.4 10.2 26.7 65.2 (0.8) 18.2 4.3 2.3 13.1 0.6 44.5 4.8 (11.4) 5.2 13.4 2.5 (0.8) 2.6 1.3 3.8 (14.0) (7.8) (1.0) 2.5 (651.1) (0.3) 16.5 1.5 0.8 (21.9)
Net Income 8.2 6 119.5 (12.1) 10.5 156.3 72.8 21.1 (52.5) 34.3 (544.2) (19.1) (22.7) 52.8 108.1 21.6 2.1 113.8 4.1 4.8 (66.6) (6.6) 139.7 (34.1) (125.1) (1.1) 29.8 13.5 31.8 37.3 23.4 (5.1) 1.5 149.1 10.5 3.1 5.7 43.6 8.0 7.0 143.8 25.9 156.2 50.6 (106.0) 31.9 45.6 (14.8) (86.3) 18.6 7.3 (76.6) (23.1) (0.9) (49.4) 34.3 (112.3) 31.4 164.3 66.0 (114.5) (4.6) (16.2) (28.0) (20.5) (535.9) (24.4)
Per Share Data
EPS (Basic) 0.14 0.10 2.03 -0.22 0.21 3.15 1.46 0.42 -1.06 0.69 -10.97 -0.39 -0.46 1.07 2.19 0.42 0.04 2.09 0.07 0.09 -1.20 -0.12 2.52 -0.61 -2.88 -0.03 0.69 0.31 0.74 0.87 0.54 -0.12 0.03 3.54 0.25 0.08 0.14 1.10 0.20 0.18 3.64 0.65 3.96 1.28 -2.68 0.81 1.16 -0.37 -2.19 0.47 0.19 -1.94 -0.59 -0.02 -1.30 0.91 -2.96 0.83 4.33 1.74 -3.02 -0.12 -0.43 -0.74 -0.54 -14.21 -0.65
EPS (Diluted) 0.14 0.10 2.02 -0.22 0.21 3.14 1.46 0.42 -1.06 0.69 -10.97 -0.39 -0.46 1.07 2.19 0.42 0.04 2.09 0.07 0.09 -1.20 -0.12 2.51 -0.61 -2.88 -0.03 0.69 0.31 0.74 0.86 0.54 -0.12 0.03 3.45 0.24 0.07 0.13 1.02 0.19 0.16 2.69 0.59 0.76 0.18 -2.68 0.81 0.48 -0.37 -2.19 0.45 0.17 -1.94 -0.59 -0.02 -1.30 0.27 -2.96 0.81 -0.14 0.22 -3.02 -0.12 -0.43 -0.74 -0.54 -14.21 -0.65
Shares Outstanding 58.8 58.8 58.8 55.3 50.2 49.7 49.7 49.7 49.7 49.6 49.6 49.6 49.5 49.3 49.4 50.8 52.5 54.4 55.7 55.7 55.7 55.4 55.5 55.5 43.4 36.7 43.1 43.1 43.1 42.8 43.1 42.6 43.0 42.1 42.8 40.4 39.8 39.6 39.5 39.5 39.5 39.8 39.5 39.5 39.5 39.5 39.5 39.5 39.4 39.5 39.5 39.5 39.4 38.0 37.9 37.9 37.9 37.9 37.9 37.9 37.9 37.8 37.7 37.7 37.7 37.7 37.7
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 2009 Q4
Current Assets
Cash & Cash Equivalents 1,835.8 1,468.5 1,456.9 1,441.0 493.7 596.1 400.7 436.8 462.7 629.7 491.7 389.4 417.7 626.7 354.6 572.8 688.0 843.2 1,010.6 1,063.3 975.8 1,014.7 857.4 930.6 971.7 422.9 638.0 650.7 452.9 499.7 454.1 606.7 632.8 861.1 601.9 660.1 541.5 665.5 653.0 670.8 736.8 3.2
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 0
Net Receivables 770.2 105.3 653.6 615.3 736.7 687.0 642.4 833.7 789.8 748.7 779.5 735.4 694.1 657.0 92.0 91.2 84.9 574.8 568.7 79.7 465.1 447.0 72.4 81.5 72.0 147.7 373.5 326.0 297.8 271.6 333.9 283.6 262.9 413.8 489.2 589.2 532.4 456.8 466.3 722.3 612.2 17.4
Inventory 0.9 0 0.4 0.4 0.5 0.5 0.6 0.6 0.6 0.7 0.7 11.9 19.1 22.5 154.7 32.3 47.0 58.5 19.5 12.6 24.7 56.9 58.6 59.3 57.5 60.7 60.3 65.4 69.1 198.4 78.7 46.8 149.6 112.7 377.7 224.4 221.9 0 34.9 106.5 79.4 0
Other Current Assets 653.5 28.9 516.9 357.8 344.4 402.4 520.0 469.0 429.1 994.8 444.1 453.7 471.4 472.3 1,217.9 943.3 925.6 455.3 437.9 659.9 217.4 276.9 740.2 746.3 712.0 587.0 221.9 215.9 154.5 242.2 174.1 146.6 149.0 120.2 48.3 47.2 54.6 61.3 10.4 9.9 8.9 7.4
Total Current Assets 3,345.7 1,602.6 2,716.1 2,484.1 1,661.3 1,775.2 1,651.9 1,846.7 1,779.7 2,457.1 1,825.0 1,668.5 1,663.8 1,845.7 1,845.2 1,659.8 1,764.4 1,998.7 2,110.8 1,836.3 1,699.1 1,813.0 1,752.6 1,834.4 1,827.3 1,231.5 1,313.7 1,273.6 989.5 1,375.4 1,056.9 1,094.4 1,057.2 1,392.3 1,472.7 1,476.9 1,299.3 1,492.4 1,654.6 1,502.9 1,430.8 163.1
Non-Current Assets
Property, Plant & Equipment 5.1 5.2 5.4 5.5 5.7 5.8 5.9 44.9 45.6 5.5 45.6 46.2 46.2 46.9 47.6 46.8 7,251.2 57.0 53.6 6,966.0 55.4 56.3 6,691.5 7,049.5 6,931.1 6,829.8 84.6 85.9 87.2 15.5 16.0 16.4 16.8 17.0 17.4 15.7 17.2 17.6 17.9 18.2 19.3 0
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 1.3 0 0 0 0 0 0 0 1.3 0 0 0 0 0 0 0 0
Intangible Assets 38.2 7.9 32.9 33.9 35.1 36.4 35.4 55.5 55.5 36.9 59.2 61.1 63.0 64.9 68.1 70.0 72.0 74.0 76.0 78.0 80.3 81.8 83.6 85.1 86.7 87.0 38.4 39.3 40.4 59.8 61.1 63.2 64.3 65.9 67.1 69.7 73.0 41.5 41.9 43.0 46.8 0
Long-Term Investments 167.8 7,540.3 165.1 164.5 166.1 169.6 177.9 213.8 0 182.8 0 0 0 2.9 2.9 2.8 246.4 2.9 2.9 298.2 2.9 2.9 389.9 119.7 127.3 121.8 195.7 114.0 102.9 0 103.9 95.6 82.1 76.6 89.2 81.8 70.4 76.4 78.9 65.8 56.3 2,742.2
Other Non-Current Assets 7,691.3 (7,548.2) 7,776.6 7,609.7 7,421.2 7,224.3 7,567.4 7,742.6 7,755.0 6,894.8 7,441.3 7,993.6 7,807.1 7,643.0 7.4 9.5 133.8 7.9 7.1 130.6 7,316.3 7,186.4 123.7 155.9 147.5 142.4 9.9 10.2 10.9 5,905.0 9.0 13.1 11.9 19.2 3.9 3.3 3.5 13.9 3.7 3.2 2.3 0
Total Non-Current Assets 7,902.4 5.2 7,980.0 7,813.6 7,628.0 7,436.1 7,786.7 8,056.8 7,856.2 7,119.9 7,546.2 8,100.9 7,916.3 7,757.7 7,666.4 7,860.6 7,703.3 7,583.0 7,404.1 7,472.8 7,455.0 7,327.3 7,288.6 7,410.2 7,292.5 7,182.2 6,634.2 6,435.6 6,426.5 5,980.4 6,240.0 6,039.3 5,680.8 5,336.7 5,250.9 5,190.6 5,108.8 4,874.9 4,815.8 4,714.8 4,601.2 2,742.2
Total Assets 11,248.1 10,639.5 10,696.1 10,297.7 9,289.4 9,211.2 9,438.6 9,903.5 9,635.9 9,577.0 9,371.1 9,769.4 9,580.1 9,603.5 9,508.7 9,508.1 9,467.7 9,581.7 9,514.9 9,309.1 9,154.2 9,140.3 9,041.2 9,244.6 9,119.7 8,413.8 7,947.9 7,709.2 7,416.0 7,355.8 7,296.9 7,133.7 6,738.0 6,729.1 6,723.7 6,667.4 6,408.1 6,367.4 6,470.4 6,217.6 6,032.0 2,905.2
Current Liabilities
Account Payables 38.9 69.0 30.0 18.4 22.4 48.3 20.3 30.5 35.9 47.6 28.1 27.3 24.7 36.2 38.3 47.5 48.7 72.8 37.0 31.8 27.0 28.6 26.5 26.7 31.7 37.5 32.3 26.9 26.5 38.7 32.6 21.9 26.3 35.9 33.5 33.8 30.7 33.0 42.2 37.7 42.7 68.1
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 103.0 0 0 0 0 0 0 0.2 0.2 0 0 84.0 93.4 57.4 106.5 89.6 78.2 29.8 15.5 0 0 0 0 0 0
Deferred Revenue 156.8 0 184.4 163.8 137.3 125.8 129.3 139.0 112.6 114.4 82.5 80.5 90.7 85.0 0 0 0 71.9 0 0 67.9 66.7 0 0 0 0 84.8 87.1 75.9 63.6 69.1 77.0 72.4 72.3 68.6 95.1 107.0 113.7 138.4 147.5 167.6 0
Other Current Liabilities 0 0 0 0 0 0 0 0 0 227.2 0 0 0 0 924.1 862.8 852.8 346.7 984.9 758.1 0 0 666.5 720.2 674.1 560.1 0 48.0 (84.0) 237.0 (57.4) (106.5) (89.6) (78.2) 23.3 24.4 0 160.4 0 0 0 0
Total Current Liabilities 503.1 186.6 599.9 573.2 471.8 587.6 583.7 592.2 534.4 773.1 495.6 470.1 437.7 499.3 1,051.7 1,008.9 963.9 983.2 1,108.0 889.4 438.6 464.7 774.6 827.8 759.7 693.2 480.6 498.8 456.9 779.3 475.5 499.3 422.9 459.8 390.7 410.7 395.8 572.0 469.2 457.6 483.5 68.1
Non-Current Liabilities
Long-Term Debt 5,791.3 5,114.7 5,287.4 5,223.9 5,249.1 5,127.5 5,298.8 5,512.0 5,391.2 5,147.0 5,196 4,945.7 4,778.1 4,747.2 4,627.4 4,800.7 4,682.6 4,488.1 4,459.0 4,489.2 4,395.2 4,287.4 4,276.3 4,478.8 4,381.8 4,136.4 3,624.7 3,422.5 3,158.0 3,087.9 3,203.8 3,031.2 2,806.2 2,779.7 3,007.2 3,015.8 2,771.5 2,690.7 2,859.4 2,662.2 2,555.4 208.9
Deferred Tax Liabilities 166.1 164.5 170.5 139.7 143.8 142.1 76.9 76.4 70.7 84.3 87.2 235.8 250.9 254.3 0 0 0 204.8 0 0 168.2 187.6 0 0 0 0 172.5 166.0 165.7 157.2 148.8 141.8 143.6 160.8 237.0 224.1 210.0 200.9 156.9 158.2 142.0 782.8
Other Non-Current Liabilities 932.9 1,160.5 798.4 643.9 564.2 506.8 793.1 633.2 573.7 508.3 510.7 497.5 479.5 445.2 228.4 207.0 203.4 0.2 174.0 167.1 328.3 295.1 178.4 131.7 140.8 180.7 134.1 111.9 180.1 29.7 132.3 107.6 111.2 43.3 (10.1) (45.8) 306.6 218.5 332.6 288.9 183.0 342.0
Total Non-Current Liabilities 6,895.1 6,610.6 6,261.6 6,012.8 5,962.5 5,781.8 6,174.5 6,274.5 6,063.1 5,744.9 5,845.7 5,730.9 5,559.9 5,498.0 4,906.1 5,055.4 4,950.4 4,865.4 4,698.9 4,721.0 5,054.3 4,931.5 4,522.6 4,677.0 4,587.4 4,387.6 4,087.2 3,858.7 3,651.6 3,338.4 3,640.4 3,483.7 3,235.7 3,080.7 3,302.7 3,289.3 3,395.1 3,223.9 3,487.3 3,256.8 3,048.0 1,333.6
Total Liabilities 7,398.2 6,797.2 6,861.5 6,586.0 6,434.3 6,369.5 6,758.3 6,866.8 6,623.1 6,518.1 6,341.3 6,201.0 5,997.6 5,997.4 5,957.8 6,064.3 5,914.3 5,848.5 5,832.3 5,610.4 5,492.9 5,396.2 5,297.2 5,504.9 5,347.1 5,080.8 4,567.9 4,357.4 4,108.5 4,117.7 4,115.8 3,983.1 3,658.6 3,540.5 3,693.3 3,700.0 3,790.8 3,795.9 3,956.5 3,714.4 3,531.5 1,401.7
Stockholders' Equity
Common Stock 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0
Retained Earnings (53.9) (62.1) (68.1) (187.6) (175.5) (186.0) (342.3) (415.1) (436.2) (383.7) (418.0) 126.2 145.3 168.1 115.3 7.2 (14.3) (16.5) (130.3) (134.3) (139.2) (72.6) (65.9) (205.6) (171.5) (46.4) (45.3) (75.0) (88.5) (120.3) (157.6) (181.0) (175.9) (109.5) (258.6) (269.1) (272.3) (277.9) (321.5) (329.5) (336.4) 0
Accumulated Other Comprehensive Income (2.4) (1.8) (1.4) (0.7) 0.1 2.0 (1.4) 3.9 3.9 1.3 7.6 7.8 5.0 10.3 9.9 2.4 (6.1) (14.5) (23.3) (27.8) (31.0) (38.6) (42.8) (61.1) (60.3) (29.4) (35.5) (28.5) (14.8) (8.1) 4.5 2.5 (0.8) (7.0) (9.0) (9.2) (6.4) (6.8) (23.8) (24.2) (17.8) (1.7)
Total Stockholders' Equity 3,782.8 3,775.5 3,767.6 3,644.7 2,788.2 2,776.2 2,614.4 2,970.6 2,946.6 2,992.9 2,963.9 3,502.6 3,516.8 3,540.5 3,485.9 3,393.4 3,552.9 3,710.0 3,682.6 3,671.6 3,660.8 3,714.6 3,713.3 3,554.8 3,587.7 3,148.1 3,191.6 3,163.7 3,160.5 3,132.2 3,105.3 3,075.4 3,073.4 3,183.0 3,026.6 2,963.7 2,613.5 2,567.7 2,510.1 2,499.4 2,496.7 1,502.6
Total Liabilities & Equity 11,248.1 10,639.5 10,696.1 10,297.7 9,289.4 9,211.2 9,438.6 9,903.5 9,635.9 9,577.0 9,371.1 9,769.4 9,580.1 9,603.5 9,508.7 9,508.1 9,467.7 9,581.7 9,514.9 9,309.1 9,154.2 9,140.3 9,041.2 9,244.6 9,119.7 8,413.8 7,947.9 7,709.2 7,416.0 7,355.8 7,296.9 7,133.7 6,738.0 6,729.1 6,723.7 6,667.4 6,408.1 6,367.4 6,470.4 6,217.6 6,032.0 2,905.2
Debt Metrics
Total Debt 5,796.1 5,114.7 5,292.6 5,229.2 5,254.5 5,132.9 5,304.5 5,564.9 5,444.3 5,152.4 5,247.8 4,997.6 4,829.5 4,798.5 4,679.1 4,850.9 4,751.7 4,660.5 4,536.3 4,557.3 4,463.6 4,356.3 4,345.5 4,548.4 4,451.9 4,207.0 3,731.0 3,531.2 3,340.4 3,181.2 3,290.2 3,157.3 2,908.5 2,857.9 3,007.2 3,015.8 2,771.5 2,690.7 2,859.4 2,662.2 2,555.4 208.9
Net Debt 3,960.2 3,646.2 3,835.7 3,788.2 4,760.8 4,536.8 4,903.8 5,128.1 4,981.6 4,522.6 4,756.1 4,608.2 4,411.7 4,171.9 4,324.5 4,278.1 4,063.7 3,817.3 3,525.7 3,494.0 3,487.9 3,341.6 3,488.1 3,617.8 3,480.2 3,784.2 3,093.0 2,880.5 2,887.5 2,681.5 2,836.1 2,550.6 2,275.7 1,996.9 2,405.3 2,355.8 2,230.0 2,025.2 2,206.4 1,991.4 1,818.6 205.7
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
Operating Activities
Net Income 8.2 6 119.4 (12.1) 10.8 162.3 96.8 21.1 (52.5) 34.4 32.0 (19.1) (22.7) 52.8 107.7 21.3 2.2 113.8 2.1 4.8 (66.6) (8.0) 164.0 (34.1) (125.1) (1.0) 30.0 13.3 31.9 37.9 23.8 (5.9) 1.8 147.3 10.5 3.1 5.7 43.6 8.0 7.0 143.8
Depreciation & Amortization 48.6 44.0 46.5 44.4 45.2 45.0 30.2 49.6 44.2 33.9 42.7 53.1 54.8 55.5 49.9 49.0 48.6 52.5 56.2 52.4 51.8 56.5 52.4 46.9 61.6 40.6 40.3 38.0 36.3 38.8 32.2 29.1 28.2 35.8 35.6 34.5 25.0 24.1 22.7 24.4 22.8
Stock-Based Compensation 0 2.1 0 0 0.8 0 0 3.3 0 0 0 0 5.0 2.7 0 0 0 2.5 0 2.2 2.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (57.9) 123.8 133.8 98.9 (68.1) (90.8) 88.7 42.1 (17.1) 240.9 (15.3) 17.1 72.9 (51.7) 32.6 51.7 (25.5) (144.2) 149.1 (3.1) 41.6 143.8 (2.9) 29.4 (32.4) 72.7 20.1 34.9 (194.0) 127.5 (5.8) 26.2 (17.4) 491.2 72.2 47.6 10.5 331.4 4.8 (40.9) 25.9
Other Non-Cash Items (219.2) 185.2 (181.0) 49.9 (216.0) 187.6 43.4 (134.0) (128.0) (210.3) (171.4) (141.2) (254.2) 50.5 101.4 (116.4) (122.0) (268.1) (173.5) (51.5) (114.0) (105.0) (327.5) (60.6) 57.3 (46.4) (121.9) 129.7 55.5 134.6 (85.4) (72.0) (99.3) (150.9) (157.3) (140.7) (107.9) (133.5) (133.2) (110.3) (295.4)
Operating Cash Flow (220.2) 360.3 149.8 177.3 (224.9) 337.1 248.9 (17.9) (171.2) 101.3 (112.0) (106.1) (144.3) 109.8 310.7 5.5 (100.8) (243.6) 39.5 4.8 (84.7) 96.9 (71.2) (25.5) (73.2) 70.5 (23.1) 219.9 (59.7) 350.3 (28.0) (25.4) (86.4) 446.6 (29.9) (39.9) (57.8) 277.2 (81.5) (94.5) (42.4)
Investing Activities
Capital Expenditure (17.7) (4.1) (0.7) (0.2) (0.3) (1.2) (9.9) (18.6) (0.5) (1.7) 143.1 (2.4) (1.3) (0.7) (0.6) (105.0) (0.3) (0.6) (0.3) (0.5) (0.4) (0.8) (0.2) (0.3) (0.3) (1.6) (2.8) (1.4) (1.2) 0 (1.7) (1.7) (1.3) (1.0) (1.1) (2.3) (2.6) (1.0) (1.3) (1.5) (5.9)
Acquisitions 0.1 0 (3.0) 0 0 0 0 0 0.1 (11.5) 0.1 (12.3) 0 0 (10.3) 16.2 (69.6) 0 (0.1) 0 0 (1.0) 0.2 (2.2) (1.0) 0.4 (1.0) (5.3) (0.2) (1.6) (0.8) (0.2) 0 17.8 (2.2) (0.7) (16.1) 10.2 0.9 (5.3) 371.8
Purchases of Investments (41.1) 0 0 0 0 0 (34.5) 0 (79.1) (81.3) (144.7) 0 0 0 0 (2.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.4 (2.2) (0.7) (0.7) (0.1) 0.9 (5.3) (6.5)
Sales/Maturities of Investments 0.0 0 0 0 0 0 0 0 13.2 8.2 30.4 0 0 0 0 33.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 49.4 2.7 0.7 36.7 0.1 0.6 10.2 13.6
Other Investing Activities 0.7 (57.0) (35.7) (58.9) (63.3) (91.1) (34.3) (75.9) 1.6 3.8 (76.4) (93.8) (92.8) (64.1) (105.1) 0.1 103.4 (74.9) 187.8 46.6 (56.6) (23.1) (137.2) (112.1) (152.3) (697.5) (180.7) (173.0) (175.6) (186.0) (252.3) (301.0) 9.7 22.6 2.8 (3.7) 48.3 (4.6) (2.3) 41.1 (6.6)
Investing Cash Flow (58.0) (57.0) (39.4) (59.1) (63.6) (54.5) (78.6) (94.6) (73.6) (82.4) (53.6) (106.1) (94.1) (64.9) (115.4) (58.1) 33.9 (75.4) 187.8 46.1 (57.0) (24.0) (137.0) (114.3) (153.2) (697.1) (181.7) (178.3) (175.8) (187.6) (253.0) (301.2) (99.9) (70.2) (70.0) (95.0) (87.5) (104.5) (95.9) (77.4) 239.2
Financing Activities
Net Debt Issuance 677.0 (181.1) 64.0 (26.5) 120.8 (199.6) (57.5) 126.6 85.3 94.5 434.4 165.2 28.8 130.7 (170.1) 126.7 83.1 170.9 (63.4) 55.7 119.4 73.6 120.7 90.1 251.7 463.0 196.9 188.7 57.0 (86.3) 162.1 219.5 38.9 (152.0) (13.2) 251.2 23.2 (158.3) 153.2 106.4 96.6
Stock Repurchased 0 (0.2) 0 0 0 0 0 (1.2) 0 0 0 0 (1.5) (0.6) (39.2) (185.4) (179.3) (81.3) 0 (0.0) (2.1) 0 0 0 0 (53.9) 0 0 0 (1.4) 0 0 (57.3) 0 0 0 0 0 0 0 0
Dividends Paid 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 Financing Activities (6.7) 1.4 0.8 6.2 7.3 4.8 (107.5) 1.0 (1.7) 3.9 (176.2) 1.0 1.3 (2.4) 17.6 (19.8) (0.1) (2.6) 2.1 1.9 (44.2) 6.0 (10.3) (0.7) (0.4) (5.0) 1.9 (12.9) 41.6 36.7 (4.9) 78.6 5.3 34.8 54.9 2.3 (2.0) (2.0) 6.4 (0.6) (1.9)
Financing Cash Flow 670.3 (179.9) 64.6 842.6 128.1 (204.7) (155.2) 126.4 83.6 98.4 258.2 166.2 28.6 127.7 (191.7) (78.3) (96.2) 87.1 (61.5) 57.5 73.1 79.6 110.4 89.3 845.0 404.1 198.8 219.7 98.6 (51.0) 157.2 298.1 (13.1) (117.2) 41.7 253.5 21.3 (160.3) 159.6 105.8 94.7
Cash Position
Net Change in Cash 392.1 123.4 175.0 960.8 (160.5) 77.8 15.0 13.9 (161.2) 117.3 92.6 (46.0) (209.8) 172.6 3.7 (130.9) (163.1) (231.9) 165.8 108.4 (68.7) 152.5 (97.8) (50.4) 618.6 (222.5) (6.0) 261.3 (136.9) 111.7 (123.8) (28.6) (199.4) 259.1 (58.2) 118.6 (124.0) 12.5 (17.8) (66.0) 291.5
Cash at Beginning 2,097.2 1,973.8 1,798.8 838.1 998.5 920.7 905.8 891.8 1,053.1 935.8 843.2 889.2 1,098.9 926.3 922.6 1,053.5 1,216.6 1,448.6 1,282.7 1,174.3 1,243.0 1,090.5 1,188.3 1,238.7 620.1 842.6 848.6 587.3 724.2 612.5 736.4 764.9 964.3 601.9 660.1 541.5 665.5 653.0 670.8 736.8 445.3
Cash at End 2,489.3 2,097.2 1,973.8 1,798.8 838.1 998.5 920.7 905.8 891.8 1,053.1 935.8 843.2 889.2 1,098.9 926.3 922.6 1,053.5 1,216.6 1,448.6 1,282.7 1,174.3 1,243.0 1,090.5 1,188.3 1,238.7 620.1 842.6 848.6 587.3 724.2 612.5 736.4 764.9 861.1 601.9 660.1 541.5 665.5 653.0 670.8 736.8
Free Cash Flow (237.9) 356.2 149.1 177.1 (225.2) 335.9 239.0 (36.5) (171.7) 99.5 31.1 (108.5) (145.5) 109.0 310.1 (99.5) (101.0) (244.1) 39.2 4.3 (85.1) 96.1 (71.4) (25.8) (73.5) 69.0 (25.8) 218.5 (60.9) 350.3 (29.7) (27.1) (87.7) 445.5 (31) (42.1) (60.3) 276.2 (82.8) (96.0) (48.2)
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
Income Statement
Revenue 235.9 624.4 390.2 260.9 199.3 983.6 327.1 283.5 156.5 313.0 228.5 223.3 196.3 482.0 639.5 276.7 210.2 805.7 219.2 212.5 190.6 213.7 154.4 156.2 175.2 284.2 231.2 431.3 353.9 464.7 257.2 181.0 161.7 301.0 258.7 308.6 231.8 278.5 240.8 272.2 239.7 229.4 203.4 209.2 155.1 207.1 119.2 209.6 98.7 134.0 103.5 147.1 90.1 108.4 94.8 93.9 79.8 84.9 86.9 50.8 53.1 50.8 32.5 30.6 28.8 31.0 30.3
Gross Profit 31.5 (184.6) 203.9 149.0 107.8 331.6 177.4 161.0 76.5 182.5 125.8 78.8 81.9 188.5 227.7 126.8 90.6 280.8 90.8 89.2 47.4 99.6 61.8 61.1 (20.5) 126.6 93.6 92.2 115.0 140.4 100.1 48.8 55.8 104.5 83.0 112.4 88.8 108.5 82.4 109.2 98.5 92.2 81.7 71.1 56.3 81.6 40.3 115.2 31.0 50.4 29.1 61.6 27.3 43.1 33.7 33.3 24.0 27.8 19.7 17.5 14.4 (60.5) 7.8 4.6 5.7 (72.3) 30.3
Operating Income 50.7 (51.9) 189.6 67.9 47.9 260.5 198.3 88.5 12.6 105.1 59.4 0.6 14.9 136.2 157.2 63.0 12.7 202.2 49.1 25.7 (35.1) 32.1 (14.0) (0.4) (137.2) 16.5 46.6 33.4 53.7 70.3 42.3 (8.3) 2.5 62.4 24.4 54.1 77.6 59.4 0.8 73.6 193.0 40.2 36.5 25.6 16.5 37.1 23.9 91.8 13.9 43.4 10.7 47.8 9.3 26.9 17.4 19.1 9.1 13.6 2.2 5.7 6.0 (503.3) (0.6) (4.7) (3.3) (502.2) (42.4)
Net Income 8.2 6 119.5 (12.1) 10.5 156.3 72.8 21.1 (52.5) 34.3 (544.2) (19.1) (22.7) 52.8 108.1 21.6 2.1 113.8 4.1 4.8 (66.6) (6.6) 139.7 (34.1) (125.1) (1.1) 29.8 13.5 31.8 37.3 23.4 (5.1) 1.5 149.1 10.5 3.1 5.7 43.6 8.0 7.0 143.8 25.9 156.2 50.6 (106.0) 31.9 45.6 (14.8) (86.3) 18.6 7.3 (76.6) (23.1) (0.9) (49.4) 34.3 (112.3) 31.4 164.3 66.0 (114.5) (4.6) (16.2) (28.0) (20.5) (535.9) (24.4)
EPS (Diluted) 0.14 0.10 2.02 -0.22 0.21 3.14 1.46 0.42 -1.06 0.69 -10.97 -0.39 -0.46 1.07 2.19 0.42 0.04 2.09 0.07 0.09 -1.20 -0.12 2.51 -0.61 -2.88 -0.03 0.69 0.31 0.74 0.86 0.54 -0.12 0.03 3.45 0.24 0.07 0.13 1.02 0.19 0.16 2.69 0.59 0.76 0.18 -2.68 0.81 0.48 -0.37 -2.19 0.45 0.17 -1.94 -0.59 -0.02 -1.30 0.27 -2.96 0.81 -0.14 0.22 -3.02 -0.12 -0.43 -0.74 -0.54 -14.21 -0.65
Balance Sheet
Cash & Equivalents 1,835.8 1,468.5 1,456.9 1,441.0 493.7 596.1 400.7 436.8 462.7 629.7 491.7 389.4 417.7 626.7 354.6 572.8 688.0 843.2 1,010.6 1,063.3 975.8 1,014.7 857.4 930.6 971.7 422.9 638.0 650.7 452.9 499.7 454.1 606.7 632.8 861.1 601.9 660.1 541.5 665.5 653.0 670.8 736.8 3.2
Total Assets 11,248.1 10,639.5 10,696.1 10,297.7 9,289.4 9,211.2 9,438.6 9,903.5 9,635.9 9,577.0 9,371.1 9,769.4 9,580.1 9,603.5 9,508.7 9,508.1 9,467.7 9,581.7 9,514.9 9,309.1 9,154.2 9,140.3 9,041.2 9,244.6 9,119.7 8,413.8 7,947.9 7,709.2 7,416.0 7,355.8 7,296.9 7,133.7 6,738.0 6,729.1 6,723.7 6,667.4 6,408.1 6,367.4 6,470.4 6,217.6 6,032.0 2,905.2
Total Debt 5,796.1 5,114.7 5,292.6 5,229.2 5,254.5 5,132.9 5,304.5 5,564.9 5,444.3 5,152.4 5,247.8 4,997.6 4,829.5 4,798.5 4,679.1 4,850.9 4,751.7 4,660.5 4,536.3 4,557.3 4,463.6 4,356.3 4,345.5 4,548.4 4,451.9 4,207.0 3,731.0 3,531.2 3,340.4 3,181.2 3,290.2 3,157.3 2,908.5 2,857.9 3,007.2 3,015.8 2,771.5 2,690.7 2,859.4 2,662.2 2,555.4 208.9
Stockholders' Equity 3,782.8 3,775.5 3,767.6 3,644.7 2,788.2 2,776.2 2,614.4 2,970.6 2,946.6 2,992.9 2,963.9 3,502.6 3,516.8 3,540.5 3,485.9 3,393.4 3,552.9 3,710.0 3,682.6 3,671.6 3,660.8 3,714.6 3,713.3 3,554.8 3,587.7 3,148.1 3,191.6 3,163.7 3,160.5 3,132.2 3,105.3 3,075.4 3,073.4 3,183.0 3,026.6 2,963.7 2,613.5 2,567.7 2,510.1 2,499.4 2,496.7 1,502.6
Cash Flow
Operating Cash Flow (220.2) 360.3 149.8 177.3 (224.9) 337.1 248.9 (17.9) (171.2) 101.3 (112.0) (106.1) (144.3) 109.8 310.7 5.5 (100.8) (243.6) 39.5 4.8 (84.7) 96.9 (71.2) (25.5) (73.2) 70.5 (23.1) 219.9 (59.7) 350.3 (28.0) (25.4) (86.4) 446.6 (29.9) (39.9) (57.8) 277.2 (81.5) (94.5) (42.4)
Capital Expenditure (17.7) (4.1) (0.7) (0.2) (0.3) (1.2) (9.9) (18.6) (0.5) (1.7) 143.1 (2.4) (1.3) (0.7) (0.6) (105.0) (0.3) (0.6) (0.3) (0.5) (0.4) (0.8) (0.2) (0.3) (0.3) (1.6) (2.8) (1.4) (1.2) 0 (1.7) (1.7) (1.3) (1.0) (1.1) (2.3) (2.6) (1.0) (1.3) (1.5) (5.9)
Free Cash Flow (237.9) 356.2 149.1 177.1 (225.2) 335.9 239.0 (36.5) (171.7) 99.5 31.1 (108.5) (145.5) 109.0 310.1 (99.5) (101.0) (244.1) 39.2 4.3 (85.1) 96.1 (71.4) (25.8) (73.5) 69.0 (25.8) 218.5 (60.9) 350.3 (29.7) (27.1) (87.7) 445.5 (31) (42.1) (60.3) 276.2 (82.8) (96.0) (48.2)