Houlihan Lokey, Inc. logo HLI - Houlihan Lokey, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 5
SELL 1
STRONG
SELL
0
| PRICE TARGET: $188.00 DETAILS
HIGH: $211.00
LOW: $160.00
MEDIAN: $193.00
CONSENSUS: $188.00
UPSIDE: 23.99%
Metric 2026 Q4 2026 Q3 2026 Q2 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 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4
Revenue
Revenue 635.6 717.1 659.5 605.3 666.4 634.4 575.0 513.6 520.5 511.1 467.0 415.8 444.8 456.5 489.5 418.6 471.2 888.8 537.3 372.7 500.7 537.9 275.7 211.1 302.7 333.5 272.8 250.3 291.4 298.0 275.0 220.0 244.8 258.9 242.2 217.5 257.1 247.7 186.5 180.8 183.6 186.5 196.6 156.3 141.5 175.9
Cost of Revenue 8.0 441.0 438.5 372.3 409.9 390.2 353.6 315.9 329.5 314.3 296.5 263.5 282.9 289.3 309.9 265.7 293.6 549.4 333.4 232.3 317.1 339.7 177.2 137.1 186.7 213.1 174.6 163.3 190.4 187.2 175.3 139.2 155.5 174.3 161.3 145.5 170.6 165.0 124.9 121.8 120.7 128.5 138.7 109.4 98.4 0
Gross Profit 627.6 276.1 221.0 233.1 256.6 244.3 221.4 197.7 190.9 196.8 170.4 152.3 161.8 167.2 179.7 152.9 177.6 339.4 203.9 140.4 183.6 198.1 98.5 74.0 116.0 120.4 98.2 87.0 101.0 110.8 99.7 80.8 89.2 84.6 80.9 72.0 86.5 82.7 61.6 59.0 62.9 57.9 57.9 46.9 43.1 175.9
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
SG&A Expenses 0 51.6 10.3 47.7 51.0 50.9 42.6 44.0 51.3 49.3 44.2 40.5 42.2 35.4 36.1 29.2 38.0 41.1 24.8 23.9 26.6 25.6 22.4 21.0 22.9 23.0 27.7 19.8 20.4 21.8 20.9 20.1 18.9 16.1 15.3 13.9 15.4 14.4 14.2 13.8 13.5 6.2 11.7 10.6 9.2 131.6
Other Expenses 484.6 46.2 59.3 95.5 66.4 57.2 48.1 59.0 36.9 50.9 36.0 38.5 29.0 47.6 54.2 46.1 41.0 49.0 21.8 8.9 16.8 14.2 9.2 10.4 24.5 29.4 25.3 19.5 19.6 26.7 22.6 20.6 10.5 14.1 12.3 11.3 13.8 11.5 12.4 12.3 7.9 11.1 9.6 8.9 9.9 0
Operating Expenses 484.6 97.8 69.6 143.3 117.4 108.2 90.7 103 88.2 100.2 80.2 79.0 71.2 83.0 90.3 75.3 79.0 90.2 46.6 32.7 43.3 39.7 31.6 31.4 47.3 52.4 53.0 39.3 40.0 48.6 43.5 40.7 29.5 30.1 27.6 25.1 29.2 25.9 26.7 26.1 21.4 17.3 21.3 19.5 19.0 143.4
Operating Income
Operating Income 143.0 178.3 151.3 89.8 139.2 136.1 130.7 94.7 102.7 96.5 90.3 73.3 90.6 84.2 89.4 77.6 98.6 249.3 157.3 107.7 140.3 158.4 66.9 42.6 68.7 68.0 45.2 47.8 61.0 62.2 56.2 40.1 59.8 54.5 53.3 46.9 57.3 56.8 35.0 32.9 41.5 40.6 36.6 27.4 24.0 32.7
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 1.4 1.3 0.9 0.6 0.7
Profitability
EBITDA 142.6 186.6 179.3 144.2 175.3 158.5 145.2 118.7 111.0 112.9 97.4 79.9 97.0 97.4 108.8 96.7 118.6 269.3 161.7 111.8 144.2 162.4 70.5 46.3 73.7 72.4 49.1 51.7 64.6 65.9 59.9 43.6 61.5 56.5 55.5 48.8 59.3 59.7 37.4 35.1 41.7 41.0 38.8 30.3 26.1 0.6
EBIT 134.5 178.3 169.0 128.2 159.9 148.9 137.7 109.8 102.7 106.2 90.3 73.3 90.6 84.2 89.4 77.6 98.6 249.3 157.3 107.7 140.3 158.4 66.9 42.6 68.7 68.0 45.2 47.8 61.0 62.2 56.2 40.1 59.8 54.5 53.3 46.9 57.3 56.8 35.0 32.9 39.2 39.7 37.5 28.9 24.7 65.3
Income Before Tax 134.5 169.6 160.1 98.0 150.3 145.1 136.1 99.9 118.0 102.6 93.6 76.4 80.3 83.6 84.3 75.8 90.7 249.0 156.5 107.8 139.8 158.6 67.1 43.8 70.9 69.1 46.3 49.4 62.5 62.9 57.2 41.7 60.8 55.1 53.5 48.4 56.6 55.7 34.2 32.0 40.8 41.0 38.1 28.5 24.6 33.2
Income Tax Expense 36.2 53.1 48.3 0.5 28.3 49.8 42.5 10.9 37.0 31.8 26.5 15.0 20.6 20.6 23.5 5.0 25.5 74.7 43.6 21.8 40.4 40.1 18.3 (2.3) 11.9 20.2 13.1 6.6 17.1 19.0 17.1 12.1 22.7 (6.5) 20.2 9.1 22.5 21.8 13.4 12.5 18.1 16.2 13.9 11.9 10.3 13.9
Net Income 99.8 116.5 111.8 97.5 121.9 95.3 93.5 88.9 81.1 70.8 67.0 61.4 59.7 63.1 60.7 70.8 65.2 173.7 112.9 86.0 99.4 118.5 48.8 46.1 59.0 48.9 33.1 42.8 45.3 44.0 40.1 29.7 38.1 61.6 33.4 39.2 34.1 34.0 20.9 19.4 22.8 24.8 24.2 16.6 14.4 19.4
Per Share Data
EPS (Basic) 1.50 1.75 1.67 1.47 1.84 1.45 1.42 1.37 1.26 1.10 1.04 0.96 0.94 0.99 0.87 1.03 1.02 2.68 1.73 1.31 1.50 1.78 0.73 0.72 0.95 0.79 0.53 0.69 0.74 0.71 0.64 0.47 0.61 0.98 0.54 0.63 0.55 0.56 0.34 0.32 0.38 0.41 0.40 0.27 0.24 0.33
EPS (Diluted) 1.47 1.70 1.63 1.42 1.76 1.39 1.37 1.30 1.18 1.04 0.99 0.90 0.88 0.90 0.87 1.03 0.97 2.54 1.65 1.25 1.44 1.71 0.70 0.69 0.90 0.75 0.50 0.65 0.69 0.67 0.61 0.45 0.58 0.93 0.50 0.59 0.51 0.51 0.31 0.29 0.35 0.41 0.40 0.27 0.24 0.33
Shares Outstanding 66.3 66.6 67.0 66.2 66.2 65.8 65.8 65.0 64.6 64.4 64.6 63.8 63.4 63.4 69.8 68.7 64.1 64.9 65.2 65.7 66.1 66.5 66.8 63.7 62.0 62.0 62.5 61.7 61.6 62.0 62.3 63.0 63.0 62.6 62.1 62.3 61.6 61.1 61.1 60.6 59.3 60.5 60.4 60.5 60.5 58.8
Metric 2026 Q4 2026 Q3 2026 Q2 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
Current Assets
Cash & Cash Equivalents 1,189.5 1,056.5 923.6 793.8 971.0 799.3 691.4 449.7 721.2 555.5 493.9 456.1 714.4 549.4 503.8 488.9 833.7 1,058.6 923.0 782.2 846.9 633.7 422.0 422.2 380.4 276.7 220.2 211.7 285.7 256.4 227.6 144.2 206.7 197.2 245.4 183.2 300.3 253.6 156.1 106.0 166.2
Short-Term Investments 170.3 84.1 155.9 43.3 167.3 75.5 30.4 9.5 7.6 5.3 3.9 4.9 6.3 0 0 0 0 0 0 0 0 0 0 0 105.3 0 0 6.0 0 23.1 26.6 15.7 0 132.8 60.6 19.1 0 0 0 0 0
Net Receivables 228.3 443.5 442.4 401.5 415.1 369.4 379.3 396.8 424.5 359.8 308.6 258.4 314.8 299.9 291.1 240.6 248.8 282.4 243.0 178.6 226.5 132.0 131.1 100.1 125.0 130.4 130.9 139.9 151.4 103.1 105.7 126.5 131.9 94.7 88.1 110.0 129.3 83.2 94.4 117.0 144.0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Assets (170.3) 0 0 4.6 4.6 1.5 1.5 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 0.4 0.4 0.4 0.4 0.4 0.4 0.4 93.5 0 0 0 192.4 0 0 0 0
Total Current Assets 1,417.8 1,584.2 1,521.9 1,243.2 1,558.0 1,245.7 1,102.5 856.6 1,153.9 921.1 806.8 719.8 1,035.8 849.7 795.3 730.0 1,082.8 1,341.4 1,166.4 961.1 1,073.7 766.1 553.4 522.6 611.1 407.5 351.5 358.0 437.5 383.0 349.7 286.7 432.1 424.7 394.1 312.3 622.0 336.8 250.5 223.0 310.2
Non-Current Assets
Property, Plant & Equipment 550.3 556.6 497.8 514.8 512.0 496.0 508.5 505.6 480.7 487.3 483.1 480.5 422.2 331.3 230.5 218.8 224.1 213.7 186.6 191.8 198.4 191.5 193.1 195.3 177.6 171.0 172.7 168.0 31.0 30.9 31.7 31.9 32.1 32.2 33.1 32.1 30.4 30.3 27.7 27.9 21.7
Goodwill 1,395.9 1,292.8 1,292.1 1,295.1 1,284.6 1,280.3 1,177.8 1,175.4 1,127.5 1,128.6 1,086.4 1,090.6 1,087.8 1,060.7 1,051.3 1,062.4 1,070.4 1,082.9 679.3 672.0 671.1 670.2 664.2 619.0 618.5 626.5 600.6 605.0 594.8 594.0 596.4 597.5 528.9 527.0 526.5 522.2 519.5 512.3 515.5 515.9 518.7
Intangible Assets 204.2 199.6 200.9 203.6 212.7 222.1 196.6 198.7 197.4 199.9 196.7 200.2 203.4 204.8 214.6 230.9 247.3 263.5 204.6 194.1 195.2 196.2 197.4 193.4 194.4 196.2 197.0 198.8 199.8 201.2 202.9 204.6 194.4 194.6 195.0 195.4 195.9 195.9 196.6 197.6 198.7
Long-Term Investments 170.3 43.5 28.7 29.5 28.3 28.1 26.4 26.1 30.4 30.0 27.3 29.0 31.1 36.8 35.7 35.6 109.1 39.8 40.4 47.9 208.6 234.6 178.3 123.5 30.1 91.2 84.8 27.1 125.3 17.8 10.5 0 209.3 0 0 0 0 0 0 0 0
Other Non-Current Assets 570.5 260.2 251.9 135.2 131.4 120.1 113.9 99.9 90.7 88.5 74.9 77.8 83.6 75.5 70.7 56.2 57.6 64.8 43.0 48.9 50.7 51.6 44.0 39.9 38.9 38.7 34.7 36.0 34.7 33.3 29.1 26.6 22.0 19.1 20.0 18.4 17.9 18.2 17.6 22.1 21.6
Total Non-Current Assets 2,891.2 2,352.6 2,271.4 2,274.6 2,261.7 2,230.1 2,110.2 2,086.3 2,016.8 2,037.8 1,974.7 1,987.0 1,933.0 1,821.9 1,714.9 1,705.9 1,804.0 1,704.4 1,190.4 1,188.0 1,352.3 1,353.7 1,282.1 1,176.0 1,065.9 1,131.2 1,096.4 1,034.9 988.4 877.2 870.7 860.6 986.8 772.9 774.6 768.1 763.7 756.7 757.5 763.5 760.7
Total Assets 4,309.0 3,936.8 3,793.4 3,517.8 3,819.7 3,475.8 3,212.8 2,942.9 3,170.8 2,958.9 2,781.6 2,706.8 2,968.8 2,671.6 2,510.2 2,435.9 2,886.8 3,045.8 2,356.8 2,149.1 2,426.1 2,119.8 1,835.5 1,698.7 1,677.0 1,538.6 1,447.9 1,392.9 1,423.1 1,260.2 1,220.4 1,147.3 1,418.8 1,197.6 1,168.7 1,080.5 1,382.4 1,093.5 1,008 986.5 1,070.9
Current Liabilities
Account Payables 0 107.7 108.9 105.6 137.2 123.1 104.7 110.1 114.2 100.3 95.1 91.1 113.4 120.0 98.2 98.6 126.2 123.4 60.3 70.3 67.5 55.0 42.0 37.2 53.9 45.4 40.9 41.4 55.0 45.2 41.2 41.2 40.8 36.7 39.7 39.4 41.7 39.6 31.6 29.5 34.4
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 0 0 0 0 0 1.0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 51.5 48.2 40.5 38.0 36.6 33.1 41.0 37.4 39.4 40.7 40.6 35.5 35.8 28.8 27.3 26.9 29.8 27.9 37.0 29.7 28.6 26.8 27.9 29.7 29.2 27.8 28.5 30.9 31.2 3.6 3.8 5.1 9.2 3.7 6.9 7.6 4.6 5.5
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 (1.0) 0 0 0 0 0 0 0 0
Total Current Liabilities 0 988.8 931.6 797.6 1,128.5 888.4 784.0 637.8 873.3 716.4 685.2 604.0 920.0 799.2 823.1 776.3 1,169.8 1,194.4 689.4 549.8 812.1 548.3 360.4 288.2 501.0 399.2 368.0 306.6 495.3 368.2 348.6 279.3 432.3 321.6 321.5 255.2 386.8 287.0 219.9 170.0 294.0
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0.3 0.5 0.5 0.5 0.5 0.7 0.7 0.8 1.0 4.7 4.7 4.7 4.9 8.3 17.4 8.7 9.1 11.5 11.8 11.9 12.2 16.2 17.5 32.6 43.8 51.2 93.6 76.6
Deferred Tax Liabilities 0 0 0 9.0 8.8 7.7 7.6 7.6 7.5 3.3 0.3 0.3 0.5 0.6 0.5 0.7 0.8 1.2 0.0 0.0 0.1 0.0 4.0 2.4 0.7 1.7 3.3 6.1 8.1 9.3 10.1 16.1 22.2 25.9 31.6 33.9 31.2 32.5 32.4 35.3 37.3
Other Non-Current Liabilities 1,363.9 157.1 181.9 93.1 69.4 66.0 32.9 32.8 37.8 49.8 30.5 58.4 60.1 47.1 50.4 52.7 74.9 133.0 64.7 45.3 55.0 47.6 45.1 (7.6) 5.2 8.1 (5.0) (7.1) (5.3) (5.6) (9.2) (10.4) 96.1 5.5 4.0 (0.2) 201.0 1.0 0.7 3.7 3.9
Total Non-Current Liabilities 1,856.0 654.2 614.8 542.4 516.4 506.8 471.7 475.6 460.7 473.2 450.3 487.8 435.5 331.8 240.4 242.0 273.3 322.0 229.7 214.7 230.4 217.2 224.5 200.8 191.6 192.7 188.0 193.0 39.2 41.3 43.5 48.6 133.8 47.4 57.0 60.3 268.5 84.1 91.9 137.2 123.3
Total Liabilities 1,856.0 1,643.0 1,546.5 1,340.0 1,644.8 1,395.2 1,255.7 1,113.4 1,334.0 1,189.6 1,135.5 1,091.8 1,355.5 1,131.0 1,063.5 1,018.3 1,443.1 1,516.3 919.1 764.5 1,042.5 765.5 584.9 489.0 692.6 591.9 556.0 499.6 534.6 409.5 392.1 327.9 566.0 369.0 378.5 315.5 655.3 371.1 311.8 307.2 417.3
Stockholders' Equity
Common Stock 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 0.1 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 0.1 0.1 0.1 0.1
Retained Earnings 1,645.1 1,588.7 1,516.2 1,449.0 1,394.7 1,315.0 1,260.0 1,207.3 1,163.4 1,121.4 1,087.3 1,058.5 1,033.1 1,008.2 981.2 955.5 922.2 887.0 741.7 657.4 600.1 523.5 427.6 401.0 377.5 339.8 311.4 298.8 276.5 248.6 222.3 201.7 207.1 182.0 134.2 113.5 87.4 67.9 46.8 36.5 28.6
Accumulated Other Comprehensive Income (48.9) (29.5) (29.0) (15.0) (63.3) (86.4) (38.2) (69.6) (66.6) (54.1) (79.7) (59.8) (62.8) (70.0) (94.2) (65.7) (43.3) (26.4) (24.6) (18.6) (20.2) (20.7) (34.7) (40.2) (43.1) (29.3) (43.7) (34.3) (30.3) (33.0) (30.2) (26.5) (14.0) (13.3) (14.2) (16.9) (21.9) (27.0) (20.8) (18.5) (14.6)
Total Stockholders' Equity 2,342.4 2,293.8 2,246.9 2,177.8 2,174.9 2,080.5 1,957.1 1,829.5 1,836.8 1,769.3 1,646.1 1,615.1 1,613.3 1,540.7 1,446.7 1,417.6 1,443.7 1,529.4 1,437.7 1,384.6 1,383.6 1,354.3 1,250.6 1,209.6 984.4 946.7 891.9 893.3 891.3 850.7 828.3 819.4 852.8 823.9 785.7 761.0 726.6 719.0 694.4 676.7 651.2
Total Liabilities & Equity 4,309.0 3,936.8 3,793.4 3,517.8 3,819.7 3,475.8 3,212.8 2,942.9 3,170.8 2,958.9 2,781.6 2,706.8 2,968.8 2,671.6 2,510.2 2,435.9 2,886.8 3,045.8 2,356.8 2,149.1 2,426.1 2,119.8 1,835.5 1,698.7 1,677.0 1,538.6 1,447.9 1,392.9 1,425.9 1,260.2 1,220.4 1,147.3 1,418.8 1,197.6 1,168.7 1,080.5 1,385.7 1,093.5 1,008 986.5 1,070.9
Debt Metrics
Total Debt 492.1 497.1 432.9 440.4 438.2 433.0 431.2 435.2 415.4 420.1 419.4 429.1 374.9 284.0 189.4 188.6 197.6 187.8 164.9 169.4 175.3 169.6 175.4 177.5 158.9 155.1 159.9 164.8 8.7 9.1 11.5 11.8 12.8 12.2 16.2 17.5 32.6 43.8 51.2 93.6 76.6
Net Debt (697.3) (559.4) (490.7) (353.4) (532.8) (366.3) (260.2) (14.5) (305.8) (135.4) (74.5) (27.0) (339.6) (265.4) (314.4) (300.4) (636.1) (870.8) (758.1) (612.8) (671.5) (464.1) (246.5) (244.6) (221.5) (121.6) (60.3) (46.9) (277.1) (247.3) (216.1) (132.5) (193.9) (185.0) (229.2) (165.7) (267.8) (209.8) (104.8) (12.4) (89.5)
Metric 2026 Q4 2026 Q3 2026 Q2 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
Operating Activities
Net Income 98.3 116.5 111.8 97.5 121.9 95.3 93.5 88.9 81.1 70.8 67.0 61.4 59.7 63.1 60.7 70.8 65.2 174.3 112.9 86.0 99.4 118.5 48.8 46.1 59.0 48.9 33.1 42.8 45.3 44.0 40.1 29.7 38.1 61.6 33.4 39.2 34.1 34.0 20.9 19.4 22.8
Depreciation & Amortization 8.0 8.3 10.3 16.0 15.4 9.6 7.4 8.9 8.3 6.7 7.1 6.5 6.3 13.3 19.5 19.1 19.9 20.1 4.3 4.2 3.9 3.9 3.7 3.7 5.0 4.3 4.0 4.0 3.7 3.6 3.7 3.5 1.8 2.0 2.2 2.0 2.0 2.8 1.8 2.2 2.4
Stock-Based Compensation 51.5 60.9 46.6 42.2 44.5 45.6 45.3 33.1 40.5 44.0 42.7 39.4 34.2 40.8 41.4 40.6 19.5 19.2 19.0 34.3 15.6 12.6 16.9 17.2 16.6 16.7 18.3 12.8 12.0 13.8 13.6 17.2 1.2 22.4 13.0 10.6 6.5 10.9 10.6 11.3 9.7
Change in Working Capital (313.6) 17.3 144.4 (313.6) 175.6 98.0 139.3 (216.8) 84.0 (41.0) 6.7 (246.1) 128.4 (40.3) (45.4) (411.2) 2.4 329.5 66.6 (216.1) 163.8 173.7 35.3 (192.5) 79.8 25.3 75.7 (177.2) 76.1 15.3 82.4 (169.6) 71.2 (7.8) 82.0 (116.0) 39.4 61.7 75.1 (101.4) 17.6
Other Non-Cash Items 473.8 14.6 11.9 27.5 8.0 15.8 7.9 12.5 (5.3) 14.1 10.1 9.9 2.1 11.1 15.9 9.7 15.2 14.2 10.5 6.6 9.2 7.3 7.3 6.7 16.9 5.1 0.3 5.9 0.3 0.4 0.2 (0.3) (1.1) 0.5 0.4 0.6 1.6 1 0.7 0.7 (0.1)
Operating Cash Flow 293.0 217.7 325.0 (131.6) 358.4 265.5 289.2 (64.5) 225.3 100.9 135.8 (133.6) 238.1 91.0 85.1 (278.0) 64.5 552.0 210.2 (90.1) 272.7 308.5 113.9 (115.2) 176.9 97.6 122.4 (109.2) 132.2 76.2 134.8 (119.0) 109.9 73.0 128.7 (61.0) 77.5 113.2 106.4 (67.8) 48.0
Investing Activities
Capital Expenditure (6.2) (0.6) (2.2) (13.2) (14.5) (3.9) (10.5) (10.9) (12.2) (15.6) (23.3) (15.7) (19.1) (13.8) (13.3) (4.5) (1.1) (5.1) (1.1) (1.4) (3.1) (4.5) (3.1) (3.5) (3.8) (2.7) (6.8) (7.4) (2.2) (1.3) (2.2) (1.0) (1.5) (0.7) (2.3) (3.2) (1.6) (4.8) (0.6) (7.5) (4.6)
Acquisitions (1.8) 0 0 (0.7) (0.5) (36.7) 0.0 (32.1) (0.0) (3.9) 0 0 (20.4) 3.2 1.4 (72.7) (55.4) (305.3) (0.3) 0 0 0 (12.5) 0 0 (10.9) 0 8.7 0 0 0 (71.4) (0.0) 0.1 (2.8) 0 (3.7) 0 0 0 0.7
Purchases of Investments (83.3) 103.2 (130.1) (153.1) (135.8) (91.2) (22.0) (1.5) (7.9) (3.4) 0 (0.0) (4.7) (3.2) (9.1) (2.2) (73.5) (3.4) (5.1) (19.6) (97.4) (115.6) (79.3) (99.3) (102.5) (16.1) (75.0) (157.1) (98.0) (22.4) (20.1) (6.4) (76.5) (72.3) (41.5) (19.1) 0 0 0 0 0
Sales/Maturities of Investments 41.7 (46.1) 18.0 276.6 44.4 44.3 1.6 4.0 5.4 0.1 2.7 3.3 4.8 0.1 7.6 74.9 2.4 2.6 12.4 180.0 122.8 59.2 24.4 112 58.2 9.7 23.2 249.5 14.1 8.1 9.2 200.1 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 (3.2) (1.4) 72.7 0 (0.8) 0 0 0 0 0 0 0 0 0 (0.2) (1.6) 0.8 0.9 (0.0) (1.6) 1.6 2.2 (1.0) (2.7) (0.3) (0.4) 19.9 0.7
Investing Cash Flow (49.6) 56.4 (114.3) 109.6 (106.3) (87.4) (30.9) (40.4) (14.7) (22.7) (20.6) (12.4) (39.5) (17.0) (14.7) 68.2 (127.6) (311.2) 5.8 159.0 22.3 (60.9) (70.4) 9.2 (48.1) (20.0) (58.6) 93.5 (87.7) (14.9) (12.2) 121.2 (79.7) (71.2) (44.4) (23.3) (8.0) (5.0) (1.1) 12.5 (3.2)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 (0.3) (0.2) (2.5) (0.0) 0 (0.2) (0.0) (0.1) (1.9) (2.1) (0.1) (0.1) 0.5 (2.6) (8.5) (0.1) (0.2) (1.8) (0.3) (0.1) (0.4) (2.2) (1.4) (15.1) (7.6) (7.8) (42.7) 16.9 (0.8)
Stock Repurchased (7.8) (87.9) 7.8 (7.8) (52.2) (0.1) (0.7) (0.2) (0.6) (0.1) (25.0) (69.8) 0.4 (0.2) (8.2) (40.7) (121.6) (70.3) (45.5) (67.5) (60.4) (18.6) (23.2) 0 (1.8) (4.3) (21.0) (2.5) (0.4) (15.0) (20.0) (34.2) (16.2) (0.0) (9.4) (1.8) (22.8) (0.0) (0.0) (4.6) 0
Dividends Paid (39.2) (40.6) (41.8) (52.5) (38.5) (37.0) (38.4) (51.3) (35.6) (35.5) (35.4) (42.0) (32.3) (34.2) (33.3) (40.5) (27.4) (27.9) (28.3) (31.2) (21.7) (21.9) (22.2) (26.2) (19.6) (18.9) (19.3) (22.9) (16.6) (16.7) (16.7) (16.8) (12.6) (14.6) (12.4) (12.5) (19.4) (10.4) (10.4) (15.1) (8.9)
Other Financing Activities (53.6) (2.9) (38.2) (136.3) (0.4) (0.2) 0 (110.0) 0 0 (7.3) 0.6 (0.4) (4.3) (1.2) (42.5) (0.0) (4.2) 0.0 (34.9) 0 (0.0) (0.0) (17.4) 0 0.3 (0.1) (31.3) 0 0 0.0 (97.2) (4.1) (33.4) 0.2 (198.0) 216.5 11.3 0.0 (1.1) (0.1)
Financing Cash Flow (92.8) (131.4) (72.1) (196.6) (91.1) (37.4) (39.1) (161.5) (36.1) (35.6) (67.7) (111.2) (32.6) (38.9) (45.3) (123.7) (149.1) (102.5) (73.8) (133.7) (84.0) (42.6) (45.5) 145.3 (20.9) (25.6) (49.0) (56.7) (17.2) (33.5) (37.0) (148.4) 75.3 (50.2) (23.0) (227.5) 166.7 (6.9) (53.1) (3.8) (9.7)
Cash Position
Net Change in Cash 132.6 132.9 130.0 (177.2) 174.8 107.9 242.5 (271.5) 165.9 61.6 37.8 (258.3) 165.0 45.6 14.9 (344.7) (224.9) 135.6 140.8 (64.7) 213.2 211.7 (0.2) 41.8 103.6 56.5 8.5 (74.0) 29.3 28.8 83.4 (155.6) 103.0 (48.2) 62.1 (309.5) 239.1 97.5 50.1 (60.2) 34.2
Cash at Beginning 1,061.3 928.4 798.4 975.6 800.8 692.9 450.3 721.9 555.9 494.3 456.5 714.8 549.8 504.2 489.3 834.1 1,059.0 923.4 782.6 847.2 634.0 422.3 422.5 380.7 277.1 220.6 212.1 286.1 256.8 228.0 144.6 300.2 197.2 245.4 183.2 492.7 253.6 156.1 106.0 166.2 131.9
Cash at End 1,193.9 1,061.3 928.4 798.4 975.6 800.8 692.9 450.3 721.9 555.9 494.3 456.5 714.8 549.8 504.2 489.3 834.1 1,059.0 923.4 782.6 847.2 634.0 422.3 422.5 380.7 277.1 220.6 212.1 286.1 256.8 228.0 144.6 300.2 197.2 245.4 183.2 492.7 253.6 156.1 106.0 166.2
Free Cash Flow 286.8 217.0 322.8 (144.8) 343.9 261.7 278.7 (75.4) 213.1 85.3 112.5 (149.2) 219.1 77.2 71.8 (282.5) 63.3 547.0 209.1 (91.5) 269.5 304.1 110.9 (118.7) 173.2 94.9 115.5 (116.7) 130.0 74.9 132.7 (120.0) 108.4 72.3 126.4 (64.2) 75.9 108.5 105.7 (75.2) 43.4
Key Metrics 2026 Q4 2026 Q3 2026 Q2 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 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4
Income Statement
Revenue 635.6 717.1 659.5 605.3 666.4 634.4 575.0 513.6 520.5 511.1 467.0 415.8 444.8 456.5 489.5 418.6 471.2 888.8 537.3 372.7 500.7 537.9 275.7 211.1 302.7 333.5 272.8 250.3 291.4 298.0 275.0 220.0 244.8 258.9 242.2 217.5 257.1 247.7 186.5 180.8 183.6 186.5 196.6 156.3 141.5 175.9
Gross Profit 627.6 276.1 221.0 233.1 256.6 244.3 221.4 197.7 190.9 196.8 170.4 152.3 161.8 167.2 179.7 152.9 177.6 339.4 203.9 140.4 183.6 198.1 98.5 74.0 116.0 120.4 98.2 87.0 101.0 110.8 99.7 80.8 89.2 84.6 80.9 72.0 86.5 82.7 61.6 59.0 62.9 57.9 57.9 46.9 43.1 175.9
Operating Income 143.0 178.3 151.3 89.8 139.2 136.1 130.7 94.7 102.7 96.5 90.3 73.3 90.6 84.2 89.4 77.6 98.6 249.3 157.3 107.7 140.3 158.4 66.9 42.6 68.7 68.0 45.2 47.8 61.0 62.2 56.2 40.1 59.8 54.5 53.3 46.9 57.3 56.8 35.0 32.9 41.5 40.6 36.6 27.4 24.0 32.7
Net Income 99.8 116.5 111.8 97.5 121.9 95.3 93.5 88.9 81.1 70.8 67.0 61.4 59.7 63.1 60.7 70.8 65.2 173.7 112.9 86.0 99.4 118.5 48.8 46.1 59.0 48.9 33.1 42.8 45.3 44.0 40.1 29.7 38.1 61.6 33.4 39.2 34.1 34.0 20.9 19.4 22.8 24.8 24.2 16.6 14.4 19.4
EPS (Diluted) 1.47 1.70 1.63 1.42 1.76 1.39 1.37 1.30 1.18 1.04 0.99 0.90 0.88 0.90 0.87 1.03 0.97 2.54 1.65 1.25 1.44 1.71 0.70 0.69 0.90 0.75 0.50 0.65 0.69 0.67 0.61 0.45 0.58 0.93 0.50 0.59 0.51 0.51 0.31 0.29 0.35 0.41 0.40 0.27 0.24 0.33
Balance Sheet
Cash & Equivalents 1,189.5 1,056.5 923.6 793.8 971.0 799.3 691.4 449.7 721.2 555.5 493.9 456.1 714.4 549.4 503.8 488.9 833.7 1,058.6 923.0 782.2 846.9 633.7 422.0 422.2 380.4 276.7 220.2 211.7 285.7 256.4 227.6 144.2 206.7 197.2 245.4 183.2 300.3 253.6 156.1 106.0 166.2
Total Assets 4,309.0 3,936.8 3,793.4 3,517.8 3,819.7 3,475.8 3,212.8 2,942.9 3,170.8 2,958.9 2,781.6 2,706.8 2,968.8 2,671.6 2,510.2 2,435.9 2,886.8 3,045.8 2,356.8 2,149.1 2,426.1 2,119.8 1,835.5 1,698.7 1,677.0 1,538.6 1,447.9 1,392.9 1,423.1 1,260.2 1,220.4 1,147.3 1,418.8 1,197.6 1,168.7 1,080.5 1,382.4 1,093.5 1,008 986.5 1,070.9
Total Debt 492.1 497.1 432.9 440.4 438.2 433.0 431.2 435.2 415.4 420.1 419.4 429.1 374.9 284.0 189.4 188.6 197.6 187.8 164.9 169.4 175.3 169.6 175.4 177.5 158.9 155.1 159.9 164.8 8.7 9.1 11.5 11.8 12.8 12.2 16.2 17.5 32.6 43.8 51.2 93.6 76.6
Stockholders' Equity 2,342.4 2,293.8 2,246.9 2,177.8 2,174.9 2,080.5 1,957.1 1,829.5 1,836.8 1,769.3 1,646.1 1,615.1 1,613.3 1,540.7 1,446.7 1,417.6 1,443.7 1,529.4 1,437.7 1,384.6 1,383.6 1,354.3 1,250.6 1,209.6 984.4 946.7 891.9 893.3 891.3 850.7 828.3 819.4 852.8 823.9 785.7 761.0 726.6 719.0 694.4 676.7 651.2
Cash Flow
Operating Cash Flow 293.0 217.7 325.0 (131.6) 358.4 265.5 289.2 (64.5) 225.3 100.9 135.8 (133.6) 238.1 91.0 85.1 (278.0) 64.5 552.0 210.2 (90.1) 272.7 308.5 113.9 (115.2) 176.9 97.6 122.4 (109.2) 132.2 76.2 134.8 (119.0) 109.9 73.0 128.7 (61.0) 77.5 113.2 106.4 (67.8) 48.0
Capital Expenditure (6.2) (0.6) (2.2) (13.2) (14.5) (3.9) (10.5) (10.9) (12.2) (15.6) (23.3) (15.7) (19.1) (13.8) (13.3) (4.5) (1.1) (5.1) (1.1) (1.4) (3.1) (4.5) (3.1) (3.5) (3.8) (2.7) (6.8) (7.4) (2.2) (1.3) (2.2) (1.0) (1.5) (0.7) (2.3) (3.2) (1.6) (4.8) (0.6) (7.5) (4.6)
Free Cash Flow 286.8 217.0 322.8 (144.8) 343.9 261.7 278.7 (75.4) 213.1 85.3 112.5 (149.2) 219.1 77.2 71.8 (282.5) 63.3 547.0 209.1 (91.5) 269.5 304.1 110.9 (118.7) 173.2 94.9 115.5 (116.7) 130.0 74.9 132.7 (120.0) 108.4 72.3 126.4 (64.2) 75.9 108.5 105.7 (75.2) 43.4