HealthEquity, Inc. logo HQY - HealthEquity, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 24
HOLD 1
SELL 1
STRONG
SELL
0
| PRICE TARGET: $109.89 DETAILS
HIGH: $125.00
LOW: $89.00
MEDIAN: $110.00
CONSENSUS: $109.89
UPSIDE: 24.72%
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 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Revenue
Revenue 334.6 322.2 325.8 330.8 311.8 300.4 299.9 287.6 262.4 249.2 243.5 244.4 233.8 216.1 206.1 205.7 203.3 180.0 189.1 184.2 188.2 179.4 176.0 190.0 201.2 157.1 86.6 87.1 75.8 70.5 71.1 69.9 60.4 56.8 56.9 55.4 46.8 43.4 44.2 44.0 24.9 21.9 20.9 20.2 17.2 15.2 15.0 14.6
Cost of Revenue 25.4 121.1 120.2 133.5 122.6 131.8 126.9 126.0 122.3 114.0 115.8 119.8 122.8 112.8 112.5 118.2 121.0 96.3 97.4 100.9 106.4 93.9 93.3 100.6 106.2 74.1 29.7 30.8 32.8 26.2 26.0 27.0 30.3 24.2 22.2 22.8 23.7 18.6 16.7 16.3 12.4 9.6 9.1 8.8 8.7 6.9 6.6 7.0
Gross Profit 309.2 201.1 205.6 197.3 189.2 168.7 173.1 161.6 140.1 135.2 127.8 124.7 111.1 103.3 93.6 87.5 82.3 83.7 91.7 83.3 81.8 85.4 82.7 89.4 95.0 83.0 56.9 56.3 43.0 44.3 45.1 42.9 30.1 32.6 34.7 32.7 23.1 24.8 27.5 27.7 12.5 12.2 11.8 11.5 8.4 8.4 8.3 7.7
Operating Expenses
R&D Expenses 70.4 65.9 64.8 61.4 64.7 60.2 58.6 56.1 55.2 55.6 54.8 53.2 52.7 48.9 46.6 45.2 45.9 38.1 37.9 35.5 32.3 30.8 30.7 31.1 31.5 23.5 11.6 10.9 10.0 8.7 8.4 8.0 7.5 6.9 6.8 6.2 6.5 6.2 5.0 4.6 3.2 2.8 2.3 2.2 2.0 1.8 1.7 1.7
SG&A Expenses 171.4 55.3 49.9 51.5 53.1 54.4 53.8 61.7 43.7 46.0 46.2 45.5 40.0 42.4 41.8 40.3 37.2 32.7 38.3 34.8 36.4 35.0 32.7 30.5 37.3 31.9 17.7 17.7 16.4 16.7 15.1 14.4 14.2 12.1 11.4 10.5 10.4 9.6 9.7 8.8 6.9 4.7 4.0 3.4 4.4 2.8 2.7 2.7
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 (0.6) 0 0 0 0 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) (0.1) (0.1) (0.0) (0.1) 0.0 (0.0) (0.0) (0.1)
Operating Expenses 241.8 121.2 114.7 113.0 117.7 114.6 112.4 117.8 98.9 101.6 101.0 98.0 92.8 91.3 88.4 85.5 83.1 70.8 76.2 70.2 68.7 65.7 63.3 61.5 68.8 55.4 29.3 28.6 26.4 25.3 23.5 22.3 21.7 19.0 18.2 16.7 17.0 15.8 14.7 14.4 10.5 7.9 6.7 6.0 6.8 5.0 4.7 4.7
Operating Income
Operating Income 67.4 79.9 90.9 84.4 71.5 54.1 60.7 43.8 41.2 33.5 26.8 26.6 18.3 12.1 5.3 2.0 (0.9) 12.9 15.5 13.1 13.1 19.7 19.4 27.8 26.2 27.6 27.6 27.7 16.6 19.0 21.6 20.5 8.4 13.6 16.5 15.9 6.2 9.0 12.7 13.2 2.0 4.3 5.1 5.5 1.6 3.4 3.6 2.9
Interest Expense 13.3 14.0 15.0 14.9 15.3 18.2 15.4 11.8 13.6 13.5 13.3 15.0 14.3 12.2 11.5 10.5 10.7 11.9 7.3 6.7 6.8 7.0 8.9 12.3 14.4 10.2 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 3.1 2.9 3.4 2.7 3.0 3.9 3.1 3.9 4.3 3.7 2.5 1.6 1.2 0.4 0.1 0.1 0.1 0.5 0.5 0.4 0.2 0.2 0.1 0.6 0.6 2.0 1.8 1.3 0 0.3 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (53.9) 120.4 131.5 124.6 84.4 65.1 105.7 84.0 81.3 57.8 65.8 64.0 54.8 46.5 38.4 31.9 5.8 32.3 32.5 32.4 35.8 40.5 36.8 41.8 40.4 (2.0) 28.7 56.1 21.3 22.0 26.0 25.1 13.2 17.6 20.1 19.4 9.8 12.5 15.9 16.2 2.6 4.3 5.1 6.7 (3.4) 4.5 4.6 3.8
EBIT 62.1 81.6 93.0 85.8 45.2 24.4 62.0 45.0 43.4 34.6 27.5 25.0 14.3 6.0 (2.4) (7.6) (33.0) (1.2) (0.5) 0.6 5.4 11.1 8.2 14.3 13.8 (21.0) 23.8 51.3 16.6 17.4 21.5 20.5 6.7 13.2 16.5 15.8 6.0 8.8 12.7 13.2 0.9 4.3 5.1 5.5 (4.5) 3.4 3.6 2.9
Income Before Tax 60.9 67.5 78.0 71.0 30.0 6.2 46.6 33.2 29.7 21.1 14.2 10.0 0.0 (6.2) (13.9) (18.1) (43.8) (9.1) (7.8) (6.1) (1.3) 4.1 (0.7) 2.0 (0.6) (31.3) 23.7 51.3 16.4 17.4 21.5 20.5 6.7 13.2 16.5 15.8 6.0 8.8 12.7 12.6 1.9 4.1 5.0 4.7 (4.3) 3.3 3.6 2.8
Income Tax Expense 11.2 15.8 18.2 17.0 3.6 0.5 10.8 4.4 3.4 6.4 3.6 5.9 0.2 (4.5) (3.2) (4.4) (10.9) (4.1) (4.0) (3.5) (6.7) 2.3 (0.5) 0.2 (0.4) (9.9) 4.4 9.5 3.2 1.7 (1.0) (2.0) 0.8 2.7 (0.5) 1.8 2.0 2.8 4.5 4.5 0.6 1.1 2.0 1.9 0.4 1.3 1.4 1.1
Net Income 49.7 51.7 59.9 53.9 26.4 5.7 35.8 28.8 26.4 14.7 10.6 4.1 (0.2) (1.6) (10.7) (13.6) (32.8) (5.0) (3.8) (2.6) 5.4 1.8 (0.1) 1.8 (0.2) (21.3) 19.4 41.8 13.1 15.7 22.5 22.6 5.9 10.5 16.9 14.0 4.1 6.0 8.2 8.1 1.4 3.0 3.0 2.7 (4.7) 2.0 2.2 1.8
Per Share Data
EPS (Basic) 0.59 0.60 0.69 0.62 0.30 0.07 0.41 0.33 0.31 0.17 0.12 0.05 -0.00 -0.02 -0.13 -0.16 -0.39 -0.06 -0.05 -0.03 0.07 0.02 -0.00 0.03 -0.00 -0.30 0.30 0.67 0.21 0.25 0.36 0.37 0.10 0.17 0.28 0.23 0.07 0.10 0.14 0.14 0.03 0.06 0.19 0.08 -0.58 0.07 0.08 0.22
EPS (Diluted) 0.58 0.59 0.68 0.61 0.30 0.06 0.40 0.33 0.30 0.17 0.12 0.05 -0.00 -0.02 -0.13 -0.16 -0.39 -0.06 -0.05 -0.03 0.07 0.02 -0.00 0.03 -0.00 -0.30 0.30 0.65 0.21 0.25 0.36 0.36 0.09 0.17 0.27 0.23 0.07 0.10 0.14 0.14 0.02 0.05 0.06 0.07 -0.10 0.03 0.04 0.04
Shares Outstanding 86.1 86.0 86.5 86.7 86.7 87.2 87.1 86.5 86.0 85.7 85.5 85.0 84.7 84.6 82.0 84.0 83.7 83.6 83.5 81.7 76.8 76.7 72.3 71.0 70.9 70.5 64.2 62.3 62.2 62.1 61.9 61.2 60.7 60.6 60.2 59.7 59.4 58.9 58.2 57.8 54.8 53.7 41.7 48.8 8.1 8.1 8.1 8.1
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
Current Assets
Cash & Cash Equivalents 318.9 309.3 304.5 287.9 295.9 322.2 326.9 251.2 404.0 334.1 290.3 225.6 254.3 210.2 176.9 161.2 225.4 649.1 753.8 736.8 328.8 299.4 268.9 171.1 191.7 174.6 815.2 329.3 361.5 289.0 261.8 228.9 199.5 184.4 169.7 155.1 140.0 125.3 109.2 92.8
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 41.2 41.1 40.9 40.8 40.7 40.6 40.5 40.4 40.4 40.3 40.2
Net Receivables 123.7 111.2 111.2 116.3 118.0 106.7 108.5 106.2 104.9 96.2 92.6 98.4 96.8 87.7 90.4 86.0 87.4 84.1 74.2 74.5 72.8 64.3 70.2 69.8 70.9 66.6 27.4 27.0 25.7 24.5 24.9 23.0 21.6 21.5 20.9 19.0 17.0 14.1 16.7 15.7
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 0.2 0.2 0.2 0.2 0.2 0.3 0.5 0.6 0.9 0.7 0.6
Other Current Assets 69.7 78.2 77.2 68.6 63.8 66.4 60.3 47.5 48.6 44.2 39.6 34.4 31.8 34.2 41.3 31.7 38.5 30.9 32.6 53.9 58.6 32.4 44.0 42.9 34.7 29.1 11.0 8.2 7.5 9.0 11.7 10.7 3.3 6.1 8.1 4.1 2.9 5.4 6.9 6.3
Total Current Assets 512.3 498.7 492.8 472.8 477.7 495.2 495.6 404.9 557.4 474.4 422.6 358.4 382.9 332.2 308.6 278.9 351.3 764.1 860.6 865.1 460.2 396.0 383.1 283.8 297.3 270.3 853.5 364.6 394.7 363.8 339.7 303.8 265.4 252.8 239.6 219.1 200.8 186.1 173.7 155.5
Non-Current Assets
Property, Plant & Equipment 39.5 41.4 42.8 44.6 46.4 48.7 51.1 53.2 54.4 58.0 61.1 67.3 69.3 74.2 78.6 83.6 87.0 106.1 111.2 113.6 118.6 124.1 129.6 133.4 116.7 123.7 46.6 45.8 8.2 8.7 8.9 8.6 7.8 6.8 6.1 6.1 5.2 5.4 4.3 3.4
Goodwill 1,648.1 1,648.1 1,648.1 1,648.1 1,648.1 1,648.1 1,648.1 1,648.1 1,648.1 1,648.1 1,648.1 1,648.1 1,648.1 1,645.8 1,646.0 1,645.8 1,645.8 1,363.5 1,363.6 1,363.6 1,327.2 1,326.8 1,333.8 1,332.6 1,332.6 1,335.2 4.7 4.7 4.7 4.7 4.7 4.7 4.7 4.7 4.7 4.7 4.7 4.7 4.7 4.7
Intangible Assets 1,097.2 1,124.8 1,152.5 1,179.4 1,204.7 1,228.5 1,254.2 1,071.4 835.9 860.5 881.9 907.7 936.4 964.5 991.9 1,007.9 973.1 820.9 770.3 780.8 767.0 776.3 783.1 777.5 783.3 796.2 88.8 81.4 79.7 80.7 82.3 82.1 83.6 85.5 73.8 64.7 65.0 65.7 65.7 66.5
Long-Term Investments 3.3 7.8 1.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 81.8 78.1 0 0.7 0.6 0.6 0 0.7 0.7 0.7 0 0.8 0.8 0.8
Other Non-Current Assets 131.7 85.0 79.3 71.3 71.6 67.7 65.4 68.9 67.9 52.4 52.7 53.5 52.2 48.2 48.9 48.8 49.8 44.9 43.0 38.8 37.4 34.0 34.7 35.2 35.1 34.5 22.3 21.5 21.1 17.6 17.5 17.6 2.2 1.1 1.0 1.1 1.9 1.2 1.0 1.1
Total Non-Current Assets 2,919.8 2,899.4 2,923.8 2,943.5 2,970.8 2,993.1 3,018.8 2,841.6 2,606.4 2,619.1 2,643.9 2,676.6 2,706.0 2,732.6 2,765.4 2,786.1 2,755.8 2,335.5 2,288.0 2,296.8 2,250.2 2,261.2 2,281.3 2,278.7 2,267.7 2,289.6 244.8 232.1 115.3 113.9 114.9 114.3 103.8 103.3 91.3 83.7 78.3 78.4 76.8 76.7
Total Assets 3,432.0 3,398.1 3,416.7 3,416.3 3,448.6 3,488.3 3,514.5 3,246.5 3,163.8 3,093.5 3,066.5 3,035.0 3,088.9 3,064.8 3,074.0 3,065.1 3,107.1 3,099.6 3,148.6 3,161.9 2,710.4 2,657.3 2,664.4 2,562.5 2,565.0 2,559.9 1,098.3 596.6 510.0 477.7 454.6 418.0 369.2 356.1 330.9 302.8 279.1 264.5 250.6 232.2
Current Liabilities
Account Payables 12.2 19.5 9.6 13.5 14.4 10.4 10.6 18.2 12.0 13.4 12.5 13.4 13.9 15.8 15.8 13.7 27.5 5.2 4.7 9.6 1.6 6.7 11.7 7.3 4.0 8.0 2.7 2.0 3.5 1.5 1.8 3.1 2.4 3.3 1.6 1.5 3.2 1.6 1.8 1.2
Short-Term Debt 9.9 9.9 9.9 10.0 0 0 0 0 0 0 0 0 17.5 15.3 13.1 10.9 8.8 6.6 78.1 62.5 62.5 62.5 54.7 46.9 39.1 31.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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 0
Other Current Liabilities 134.8 47.4 64.5 24.4 69.3 47.5 37.1 23.1 49.6 31.2 31.4 20.0 45.8 35.1 42.0 33.4 47.1 32.7 40.2 33.0 50.7 34.8 36.4 27.2 50.1 37.6 11.1 8.5 17.0 9.9 9.7 7.6 12.5 6.5 6.5 4.3 8.7 4.7 4.4 2.6
Total Current Liabilities 156.8 120.6 116.6 116.3 156.3 154.5 120.9 92.2 117.1 96.2 103.3 89.7 131.1 110.4 125.5 117.7 153.2 107.1 185.1 192.3 204.7 151.4 153.8 134.6 151.9 141.9 37.1 23.4 29.1 17.4 17.1 17.2 20.5 19.5 12.9 10.3 15.7 10.4 8.9 7.0
Non-Current Liabilities
Long-Term Debt 957.4 982.1 1,006.8 1,056.6 1,056.3 1,081.0 1,101.4 925.7 875.0 874.3 873.6 872.9 907.8 911.4 915.0 918.5 922.1 923.5 895.4 909.8 924.2 938.6 952.9 1,167.2 1,181.6 1,196.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 145.4 101.6 86.6 57.2 55.8 58.6 63.5 63.3 68.7 66.7 74.5 81.9 82.7 89.3 92.3 95.4 99.8 110.4 115.3 124.7 119.7 124.0 129.9 134.3 130.5 128.6 7.8 7.3 0.9 0.7 2.2 1.4 0 0 0 0 0.0 0.1 1.1 1.7
Other Non-Current Liabilities 31.0 23.5 22.0 22.2 23.0 25.3 25.5 19.3 19.3 17.7 13.1 13.3 12.7 9.8 13.7 13.9 14.2 19.0 20.1 14.8 8.8 11.4 8.2 3.8 2.6 2.6 0.7 0.4 3.0 2.8 2.7 2.5 2.4 2.2 2.1 1.7 1.5 1.3 1.1 0.8
Total Non-Current Liabilities 1,168.0 1,143.4 1,153.7 1,176.1 1,177.3 1,209.1 1,236.5 1,056.5 1,011.7 1,009.3 1,013.6 1,026.8 1,062.2 1,071.3 1,083.6 1,092.2 1,101.3 1,120.7 1,100.8 1,121.3 1,127.0 1,150.6 1,170.3 1,387.2 1,382.7 1,400.3 44.2 44.0 3.9 3.5 4.9 3.9 2.4 2.2 2.1 1.7 1.5 1.4 2.2 2.5
Total Liabilities 1,324.8 1,264.0 1,270.3 1,292.5 1,333.6 1,363.7 1,357.4 1,148.7 1,128.8 1,105.5 1,116.8 1,116.4 1,193.3 1,181.6 1,209.1 1,209.8 1,254.5 1,227.8 1,286.0 1,313.6 1,331.7 1,302.0 1,324.0 1,521.8 1,534.7 1,542.2 81.3 67.3 32.9 20.9 22.0 21.1 22.9 21.7 15.0 12.0 17.2 11.9 11.1 9.5
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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings 195.9 207.9 226.9 218.4 209.3 231.6 270.3 234.4 205.6 179.3 164.6 154.0 149.9 150.1 151.8 162.4 176.1 208.9 213.9 217.7 220.3 215.0 213.2 213.3 211.5 211.7 233.0 213.7 171.8 158.7 143.0 120.5 85.3 79.3 68.9 52.1 30.0 25.9 19.9 11.7
Accumulated Other Comprehensive Income (5.7) 8.8 0.2 0 0 0 0 0 0 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) (0.2) (0.2) (0.2) (0.2) (0.1) (0.1) (0.1)
Total Stockholders' Equity 2,107.2 2,134.0 2,146.4 2,123.8 2,114.9 2,124.7 2,157.0 2,097.8 2,035.0 1,988.0 1,949.6 1,918.6 1,895.6 1,883.1 1,864.9 1,855.3 1,852.6 1,871.8 1,862.7 1,848.3 1,378.7 1,355.3 1,340.3 1,040.7 1,030.3 1,017.8 1,017.0 529.3 477.1 456.8 432.6 397.0 346.3 334.4 315.9 290.8 261.9 252.6 239.5 222.7
Total Liabilities & Equity 3,432.0 3,398.1 3,416.7 3,416.3 3,448.6 3,488.3 3,514.5 3,246.5 3,163.8 3,093.5 3,066.5 3,035.0 3,088.9 3,064.8 3,074.0 3,065.1 3,107.1 3,099.6 3,148.6 3,161.9 2,710.4 2,657.3 2,664.4 2,562.5 2,565.0 2,559.9 1,098.3 596.6 510.0 477.7 454.6 418.0 369.2 356.1 330.9 302.8 279.1 264.5 250.6 232.2
Debt Metrics
Total Debt 1,001.5 1,028.3 1,055.0 1,106.8 1,108.5 1,135.2 1,157.5 983.7 933.1 934.6 936.0 942.2 994.5 998.3 1,002.0 1,005.6 1,008.2 1,010.6 1,056.6 1,057.9 1,075.0 1,091.6 1,100.4 1,309.3 1,301.1 1,311.1 39.6 40.0 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt 682.6 719.0 750.6 818.9 812.6 813.0 830.6 732.5 529.2 600.6 645.6 716.5 740.2 788.1 825.1 844.4 782.8 361.5 302.9 321.1 746.2 792.3 831.5 1,138.2 1,109.4 1,136.5 (775.5) (289.3) (361.5) (289.0) (261.8) (228.9) (199.5) (184.4) (169.7) (155.1) (140.0) (125.3) (109.2) (92.8)
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
Operating Activities
Net Income 49.7 51.7 59.9 53.9 26.4 5.7 35.8 28.8 26.4 14.7 10.6 4.1 (0.2) (1.6) (10.7) (13.6) (32.8) (5.0) (3.8) (2.6) 5.4 1.8 (0.1) 1.8 (0.2) (21.3) 19.4 41.8 13.1 15.7 22.5 22.6 5.9 10.5 16.9 14.0 4.1 6.0 8.2 8.1
Depreciation & Amortization 38.7 38.8 38.5 38.7 39.2 40.7 43.6 38.9 37.9 37.8 38.3 39.0 40.5 40.5 40.7 39.5 38.8 33.5 33.1 31.8 30.4 29.4 28.6 27.5 28.1 19.1 4.9 4.8 4.7 4.6 4.4 4.5 4.8 4.0 3.7 3.5 3.6 3.4 3.2 2.9
Stock-Based Compensation 19.1 20.5 19.1 14.3 21.7 21.1 21.6 32.0 17.2 21.7 20.1 18.2 12.3 18.2 18.2 14.0 11.1 13.3 15.6 12.8 12.6 11.5 11.4 7.4 8.7 17.6 7.6 6.0 5.6 5.7 5.5 4.2 3.8 3.7 3.8 3.0 2.0 2.1 2.5 1.8
Change in Working Capital 13.1 15.3 (11.2) (43.8) (9.0) 25.9 6.2 (29.7) (7.0) (9.9) 14.8 (31.0) 8.7 (6.9) (6.1) (29.1) 35.8 (16.8) (0.9) (16.4) 15.4 8.7 16.3 (28.2) (9.2) 7.2 3.0 (11.3) 8.9 3.3 (2.8) (10.7) 5.9 3.5 (1.7) (8.2) 5.8 5.1 0.3 (10.8)
Other Non-Cash Items 0.3 0.3 0.3 0.3 0.3 2.0 0.7 0.7 0.7 0.7 0.7 1.9 0.8 0.8 1.1 0.8 12.4 2.0 0.6 2.1 1.3 1.1 1.8 2.7 0.6 1.9 (3.7) (23.5) 0.3 0.8 (0.0) 0.1 0.1 0.1 (0.0) 0.0 0.1 0.0 0.0 0.0
Operating Cash Flow 117.9 138.6 135.9 64.7 75.7 90.5 108.1 65.4 77.1 57.1 77.1 31.5 55.5 47.9 40.1 7.1 50.6 22.3 37.2 30.9 60.9 52.1 53.6 15.0 30.9 17.2 31.5 25.3 32.6 28.1 29.9 22.7 19.8 22.1 24.2 15.6 14.6 15.5 13.4 2.1
Investing Activities
Capital Expenditure (16.4) (0.8) 15.3 (16.1) (13.6) (12.9) (209.1) (269.9) (11.3) (15.4) (10.2) (9.1) (10.3) (13.5) (21.1) (74.2) (16.3) (79.7) (22.8) (18.3) (20.2) (21.0) (30.4) (25.3) (2.1) (16.7) (6.9) (7.9) (3.0) (3.6) (5.2) (3.2) (6.8) (12.7) (9.7) (4.2) (3.2) (4.3) (2.9) (2.3)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (455) 2.4 0 (49.5) 0 0 0 0 (14.5) (1,630.1) 0 0 0 0 0 0 (3) 0.1 (3) 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 (3.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (53.8) (0.2) (0.2) (0.2) (0.2) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.4 0 0 0 0 0 0 0 0 0 41.4 0 0 0 (11.5) 11.5 0 0 0 0 0 0
Other Investing Activities (8.1) (10.6) (10.4) (16.1) (13.2) 0 (208.3) 0 3.3 0 0 (9.0) 0 0 0 0 0 (2.4) 0 0 0 0 0 0 0 0 0 0 41.4 (3.0) (3.8) (2.3) (4.9) (11.5) (3) (2.8) (2.3) (2.9) (2.0) (2.1)
Investing Cash Flow (8.4) (11.4) (11.2) (16.1) (13.6) (12.9) (209.1) (269.9) (11.3) (15.4) (10.2) (9.1) (10.3) (13.5) (21.1) (74.2) (471.3) (79.7) (20.5) (67.8) (20.2) (21.0) (30.4) (25.3) (25.1) (1,646.8) (6.9) (61.7) 38.2 (3.8) (5.4) (3.4) (7.0) (12.7) (12.8) (4.3) (3.3) (4.4) (3.0) (2.4)
Financing Activities
Net Debt Issuance (25) (25) (50) 0 (25) (28.7) 175 50 0 0 0 (54.4) (2.2) (2.2) (2.2) (2.2) (0.1) (49.3) 0 (15.6) (15.6) (7.8) (207.8) (7.8) (7.8) 1,219.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (81.0) (92.4) (66.7) (59.1) (63.0) (58.5) 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0.2 0.0 (0.9) 1.5 (4.8) 4.0 (0.3) (0.5) 1.0 (0.0) (2.6) 2.4 1.0 (0.6) (3.3) 2.3 (4.9) 1.1 (2.3) (0.4) 0.3 6.1 (6.5) (3.8) 15.1 (230.9) 0 0 0 0 0 0 0 0 0 0 0.7 1.7 5.0 9.4
Financing Cash Flow (99.8) (122.4) (108.1) (56.6) (88.4) (82.4) 176.6 51.8 4.1 2.0 (2.2) (51.0) (1.1) (1.1) (3.4) 3.0 (3.0) (47.2) 0.2 444.9 (11.2) (0.6) 74.6 (10.4) 11.3 989.0 461.2 4.2 1.6 2.9 8.3 10.2 2.2 5.2 3.2 3.8 3.3 5.1 6.0 9.4
Cash Position
Net Change in Cash 9.7 4.8 16.6 (8.1) (26.2) (4.7) 75.7 (152.8) 69.9 43.7 64.7 (28.6) 44.1 33.3 15.6 (64.2) (423.7) (104.6) 17.0 408.0 29.4 30.4 97.8 (20.6) 17.2 (640.6) 485.9 (32.2) 72.5 27.2 32.9 29.5 15.1 14.6 14.6 15.1 14.6 16.2 16.4 9.1
Cash at Beginning 309.3 304.5 287.9 295.9 322.2 326.9 251.2 404.0 334.1 290.3 225.6 254.3 210.2 176.9 161.2 225.4 649.1 753.8 736.8 328.8 299.4 268.9 171.1 191.7 174.6 815.2 329.3 361.5 289.0 261.8 228.9 199.5 184.4 169.7 155.1 140.0 125.3 109.2 92.8 83.6
Cash at End 318.9 309.3 304.5 287.9 295.9 322.2 326.9 251.2 404.0 334.1 290.3 225.6 254.3 210.2 176.9 161.2 225.4 649.1 753.8 736.8 328.8 299.4 268.9 171.1 191.7 174.6 815.2 329.3 361.5 289.0 261.8 228.9 199.5 184.4 169.7 155.1 140.0 125.3 109.2 92.8
Free Cash Flow 101.5 137.8 151.2 48.6 62.2 77.7 (101.0) (204.5) 65.8 41.7 66.9 22.4 45.2 34.4 19.0 (67.1) 34.3 (57.4) 14.4 12.7 40.7 31.0 23.2 (10.3) 28.8 0.5 24.6 17.5 29.6 24.5 24.7 19.5 13.0 9.4 14.5 11.4 11.4 11.2 10.5 (0.2)
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 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Income Statement
Revenue 334.6 322.2 325.8 330.8 311.8 300.4 299.9 287.6 262.4 249.2 243.5 244.4 233.8 216.1 206.1 205.7 203.3 180.0 189.1 184.2 188.2 179.4 176.0 190.0 201.2 157.1 86.6 87.1 75.8 70.5 71.1 69.9 60.4 56.8 56.9 55.4 46.8 43.4 44.2 44.0 24.9 21.9 20.9 20.2 17.2 15.2 15.0 14.6
Gross Profit 309.2 201.1 205.6 197.3 189.2 168.7 173.1 161.6 140.1 135.2 127.8 124.7 111.1 103.3 93.6 87.5 82.3 83.7 91.7 83.3 81.8 85.4 82.7 89.4 95.0 83.0 56.9 56.3 43.0 44.3 45.1 42.9 30.1 32.6 34.7 32.7 23.1 24.8 27.5 27.7 12.5 12.2 11.8 11.5 8.4 8.4 8.3 7.7
Operating Income 67.4 79.9 90.9 84.4 71.5 54.1 60.7 43.8 41.2 33.5 26.8 26.6 18.3 12.1 5.3 2.0 (0.9) 12.9 15.5 13.1 13.1 19.7 19.4 27.8 26.2 27.6 27.6 27.7 16.6 19.0 21.6 20.5 8.4 13.6 16.5 15.9 6.2 9.0 12.7 13.2 2.0 4.3 5.1 5.5 1.6 3.4 3.6 2.9
Net Income 49.7 51.7 59.9 53.9 26.4 5.7 35.8 28.8 26.4 14.7 10.6 4.1 (0.2) (1.6) (10.7) (13.6) (32.8) (5.0) (3.8) (2.6) 5.4 1.8 (0.1) 1.8 (0.2) (21.3) 19.4 41.8 13.1 15.7 22.5 22.6 5.9 10.5 16.9 14.0 4.1 6.0 8.2 8.1 1.4 3.0 3.0 2.7 (4.7) 2.0 2.2 1.8
EPS (Diluted) 0.58 0.59 0.68 0.61 0.30 0.06 0.40 0.33 0.30 0.17 0.12 0.05 -0.00 -0.02 -0.13 -0.16 -0.39 -0.06 -0.05 -0.03 0.07 0.02 -0.00 0.03 -0.00 -0.30 0.30 0.65 0.21 0.25 0.36 0.36 0.09 0.17 0.27 0.23 0.07 0.10 0.14 0.14 0.02 0.05 0.06 0.07 -0.10 0.03 0.04 0.04
Balance Sheet
Cash & Equivalents 318.9 309.3 304.5 287.9 295.9 322.2 326.9 251.2 404.0 334.1 290.3 225.6 254.3 210.2 176.9 161.2 225.4 649.1 753.8 736.8 328.8 299.4 268.9 171.1 191.7 174.6 815.2 329.3 361.5 289.0 261.8 228.9 199.5 184.4 169.7 155.1 140.0 125.3 109.2 92.8
Total Assets 3,432.0 3,398.1 3,416.7 3,416.3 3,448.6 3,488.3 3,514.5 3,246.5 3,163.8 3,093.5 3,066.5 3,035.0 3,088.9 3,064.8 3,074.0 3,065.1 3,107.1 3,099.6 3,148.6 3,161.9 2,710.4 2,657.3 2,664.4 2,562.5 2,565.0 2,559.9 1,098.3 596.6 510.0 477.7 454.6 418.0 369.2 356.1 330.9 302.8 279.1 264.5 250.6 232.2
Total Debt 1,001.5 1,028.3 1,055.0 1,106.8 1,108.5 1,135.2 1,157.5 983.7 933.1 934.6 936.0 942.2 994.5 998.3 1,002.0 1,005.6 1,008.2 1,010.6 1,056.6 1,057.9 1,075.0 1,091.6 1,100.4 1,309.3 1,301.1 1,311.1 39.6 40.0 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 2,107.2 2,134.0 2,146.4 2,123.8 2,114.9 2,124.7 2,157.0 2,097.8 2,035.0 1,988.0 1,949.6 1,918.6 1,895.6 1,883.1 1,864.9 1,855.3 1,852.6 1,871.8 1,862.7 1,848.3 1,378.7 1,355.3 1,340.3 1,040.7 1,030.3 1,017.8 1,017.0 529.3 477.1 456.8 432.6 397.0 346.3 334.4 315.9 290.8 261.9 252.6 239.5 222.7
Cash Flow
Operating Cash Flow 117.9 138.6 135.9 64.7 75.7 90.5 108.1 65.4 77.1 57.1 77.1 31.5 55.5 47.9 40.1 7.1 50.6 22.3 37.2 30.9 60.9 52.1 53.6 15.0 30.9 17.2 31.5 25.3 32.6 28.1 29.9 22.7 19.8 22.1 24.2 15.6 14.6 15.5 13.4 2.1
Capital Expenditure (16.4) (0.8) 15.3 (16.1) (13.6) (12.9) (209.1) (269.9) (11.3) (15.4) (10.2) (9.1) (10.3) (13.5) (21.1) (74.2) (16.3) (79.7) (22.8) (18.3) (20.2) (21.0) (30.4) (25.3) (2.1) (16.7) (6.9) (7.9) (3.0) (3.6) (5.2) (3.2) (6.8) (12.7) (9.7) (4.2) (3.2) (4.3) (2.9) (2.3)
Free Cash Flow 101.5 137.8 151.2 48.6 62.2 77.7 (101.0) (204.5) 65.8 41.7 66.9 22.4 45.2 34.4 19.0 (67.1) 34.3 (57.4) 14.4 12.7 40.7 31.0 23.2 (10.3) 28.8 0.5 24.6 17.5 29.6 24.5 24.7 19.5 13.0 9.4 14.5 11.4 11.4 11.2 10.5 (0.2)