Hormel Foods Corporation logo HRL - Hormel Foods Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 17
SELL 7
STRONG
SELL
0
| PRICE TARGET: $23.50 DETAILS
HIGH: $25.00
LOW: $22.00
MEDIAN: $23.50
CONSENSUS: $23.50
DOWNSIDE: 8.60%
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 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 12,106.2 11,920.8 12,110.0 12,458.8 11,386.2 9,608.5 9,497.3 9,545.7 9,167.5 9,523.2 9,263.9 9,316.3 8,751.7 8,230.7 7,895.1 7,220.7 6,533.7 6,754.9 6,193.0 5,745.5 5,414.0 4,779.9 4,200.3 3,910.3 3,885.2 3,473.8 3,357.8 3,261 3,256.6 3,098.7 3,046.2 3,064.8 2,854 2,813.7 2,836.2 2,681.2 2,340.5 2,292.8 2,314.1 1,960.2
Cost of Revenue 10,214.3 9,898.7 10,110.2 10,294.1 9,458.3 7,782.5 7,612.7 7,566.2 7,170.9 7,365.0 7,455.3 7,751.3 7,338.8 6,898.8 6,561.0 5,982.0 5,434.8 5,693.0 5,190.2 4,362.3 4,129.5 3,655.8 3,187.2 2,947.5 2,989.3 2,674.9 2,315 2,340.1 2,444.8 2,355.6 2,257.1 2,308.9 2,174.7 2,157.9 2,238.4 2,119.5 1,818 1,815.3 1,902.1 1,584
Gross Profit 1,891.8 2,022.1 1,999.8 2,164.7 1,927.9 1,826.0 1,884.6 1,979.5 1,996.6 2,158.2 1,808.6 1,565.0 1,412.8 1,331.9 1,334.1 1,238.7 1,098.9 1,061.9 1,002.8 1,383.2 1,284.4 1,124.0 1,013.2 962.9 895.9 799.0 1,042.8 920.9 811.8 743.1 789.1 755.9 679.3 655.8 597.8 561.7 522.5 477.5 412 376.2
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
SG&A Expenses 996.6 1,005.3 942.2 879.3 853.1 761.3 727.6 841.2 759.3 872.0 743.6 650.9 627.3 605.9 618.6 605.3 567.1 552.5 522.4 937.0 864.0 768.2 708.6 652.3 595.6 536.4 737.2 677.2 590.7 578.8 568.5 532.2 491.7 475 429.5 407.3 377.1 344.5 291.6 271.3
Other Expenses 176.6 (51.1) (14.4) (27.2) (47.8) (35.6) (39.2) (41.7) (39.4) (37.7) (2.4) (17.6) (20.5) (38.7) (26.8) (13.1) (4.8) (7.4) (3.5) (4.6) (5.5) (24.5) (5.9) (7.7) (3.5) (2.5) 64.7 60.3 52.9 42.7 37.2 36.6 32.2 34.3 34.7 34.3 35.7 34.3 32.5 30.7
Operating Expenses 1,173.2 954.2 927.8 852.1 805.3 725.7 688.4 799.5 719.9 834.3 741.3 633.4 606.8 567.2 591.8 592.2 562.3 545.1 518.9 932.5 858.5 743.7 702.7 644.6 592.1 533.9 801.9 737.5 643.6 621.5 605.7 568.8 523.9 509.3 464.2 441.6 412.8 378.8 324.1 302
Operating Income
Operating Income 718.6 1,067.9 1,072.0 1,312.6 1,122.6 1,100.2 1,196.3 1,180.0 1,276.7 1,323.9 1,067.3 931.6 806.0 764.7 742.3 646.6 536.6 516.8 483.9 450.7 425.9 380.4 310.4 318.2 303.8 265.1 240.9 183.4 168.2 121.6 183.4 187.1 155.4 146.5 133.6 120.1 109.7 98.7 87.9 74.2
Interest Expense 78.0 80.9 73.4 62.5 43.3 21.1 18.1 26.5 12.7 12.9 13.1 12.7 12.5 12.9 23.4 26.6 28.0 56.1 27.7 25.6 27.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 24.2 48.4 14.8 28.0 46.9 35.6 31.5 27.8 14.6 6.2 2.9 3.2 5.0 6.5 0 4.6 19.6 0 13.6 5.5 8.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,005.4 1,374.1 1,340.2 1,576.5 1,378.8 1,341.6 1,393.0 1,369.6 1,422.3 1,462.1 1,203.7 1,064.9 935.8 890.7 866.4 776.7 683.3 643.0 624.3 577.3 549.7 475.1 398.4 401.5 394.0 331.0 305.6 243.7 221.1 164.3 220.6 223.7 187.6 180.8 168.3 154.4 145.4 133 120.4 104.9
EBIT 741.5 1,116.3 1,086.9 1,340.6 1,169.5 1,135.8 1,227.8 1,207.8 1,291.3 1,330.1 1,070.3 934.9 811.0 771.2 742.3 651.1 556.1 516.8 497.5 456.2 434.5 380.4 310.4 318.2 303.8 265.1 240.9 183.4 168.2 121.6 183.4 187.1 155.4 146.5 133.6 120.1 109.7 98.7 87.9 74.2
Income Before Tax 663.4 1,035.4 1,013.5 1,278.1 1,126.2 1,114.7 1,209.7 1,181.3 1,278.6 1,317.2 1,057.1 922.2 798.5 758.3 718.8 624.6 528.1 460.7 469.8 430.5 406.7 367.6 289.3 294.0 285.0 264.4 251.4 217.3 170.9 125.5 194.6 191.1 161.2 151.1 137.9 121.3 110.8 95.4 79.8 70.9
Income Tax Expense 185.7 230.8 220.6 277.9 217.0 206.4 230.6 168.7 431.5 426.7 369.9 316.1 268.4 253.4 239.6 224.8 182.2 172.0 167.9 144.4 152.1 134.0 103.6 104.6 102.6 94.2 88 78 61.4 46.1 74.2 73.1 60.4 55.9 51.5 44.2 40.7 35.2 33.9 31.8
Net Income 478.2 805.0 793.6 1,000.0 908.8 908.1 978.8 1,012.1 846.7 890.1 686.1 602.7 526.2 500.1 474.2 395.6 342.8 285.5 301.9 286.1 254.6 233.6 185.8 189.3 182.4 170.2 163.4 139.3 109.5 79.4 120.4 118 (26.7) 95.2 86.4 77.1 70.1 60.2 45.9 39.1
Per Share Data
EPS (Basic) 0.87 1.47 1.45 1.84 1.68 1.69 1.83 1.91 1.60 1.68 1.30 1.14 1.00 0.95 0.89 0.74 0.64 0.53 0.55 0.52 0.46 0.42 0.34 0.34 0.33 0.30 0.28 0.23 0.18 0.13 0.20 0.19 -0.04 0.16 0.14 0.13 0.12 0.10 0.07 0.07
EPS (Diluted) 0.87 1.47 1.45 1.82 1.66 1.66 1.80 1.86 1.57 1.64 1.27 1.12 0.98 0.93 0.87 0.73 0.63 0.52 0.54 0.51 0.46 0.42 0.33 0.34 0.33 0.30 0.28 0.23 0.18 0.13 0.20 0.19 -0.04 0.16 0.14 0.13 0.12 0.10 0.07 0.07
Shares Outstanding 550.2 548.1 546.4 544.9 541.1 538.0 534.6 530.7 528.4 529.3 528.1 527.6 528.6 526.9 532.8 533.5 536.9 541.4 548.9 551.4 552.2 554.4 553.8 554.8 552.9 562.7 583.6 599.1 608.3 610.8 609.6 613.0 628.2 614.2 606.3 604.7 609.6 602 612 601.5
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 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 670.7 741.9 736.5 982.1 613.5 1,714.3 672.9 459.1 444.1 415.1 347.2 334.2 434.0 682.4 463.1 467.8 385.3 154.8 149.7 172.5 131.0 288.9 98.0 309.6 186.3 100.6 188.3 203.9 146.9 188.5 189.5 248.6 157.6 225.5 172.1 102.4 78.3 68.9 64.3 84
Short-Term Investments 32.9 24.7 16.7 16.1 21.2 17.3 14.7 0 0 0 0 0 0 77.4 76.1 50.6 0 0 0 0 38.5 0 0 0 0 6.0 60.3 34.1 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 881.6 868.3 824.6 874.8 904.0 743.9 594.3 604.4 640.7 609.6 611.8 635.2 551.5 523.5 485.5 439.5 372.3 411.0 366.6 341.9 301.0 272.7 291.5 275.5 308.1 307.7 266.1 222.9 234 230.9 231.4 239.7 218.5 189.8 192.5 194.4 169.5 158.6 151.8 117.7
Inventory 1,747.3 1,576.3 1,680.4 1,716.1 1,369.2 1,072.8 1,042.4 963.5 921.0 985.7 993.3 1,054.6 968.0 950.5 885.8 793.8 722.4 784.5 647.0 570.9 534.6 425.7 403.2 355.6 355.1 281.4 270.2 239.5 265.3 271.1 210.9 199.2 208.1 185.9 176.4 184.3 165 143 136.4 116.5
Other Current Assets 73.2 35.3 39.0 (0.0) 14.9 12.4 14.5 6.7 4.5 5.7 96.3 93.6 80.9 74.1 77.6 94.3 85.7 76.4 52.6 48.5 39.4 29.3 14.7 7.4 7.3 15.4 15.2 17 25.2 32.8 27.5 20.7 35.7 7.9 5.4 5.8 4.2 5.5 13.5 2.5
Total Current Assets 3,405.7 3,246.5 3,297.2 3,637.1 2,947.8 3,579.1 2,361.4 2,050.1 2,026.5 2,029.9 2,063.0 2,132.8 2,047.4 2,320.7 1,998.2 1,858.2 1,574.7 1,438.2 1,231.7 1,141.7 1,065.2 1,029.4 824.0 962.2 883.3 711.1 800.1 717.4 671.4 723.3 659.3 708.2 619.9 609.1 546.4 486.9 417 376 366 320.7
Non-Current Assets
Property, Plant & Equipment 2,238.8 2,194.7 2,165.8 2,141.1 2,109.1 1,898.2 1,629.1 1,512.6 1,203.3 1,105.4 1,011.7 1,001.8 955.3 924.5 907.1 922.1 952.7 977.7 966.6 910.8 877.7 704.2 701.3 652.7 679.9 541.5 505.6 486.9 488.7 421.5 333.1 270.9 245 216.4 231.8 235 244.4 263.1 263.9 255.2
Goodwill 4,924.1 4,923.5 4,928.5 4,925.8 4,929.1 2,612.7 2,481.6 2,714.1 2,119.8 1,834.5 1,699.5 1,226.4 934.5 630.9 630.9 629.0 620.2 619.3 595.8 550.7 502.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,647.3 1,732.7 1,757.2 1,803.0 1,822.3 1,076.3 1,033.9 1,207.2 1,027.0 903.3 827.2 554.9 378.1 123.1 132.0 141.5 140.9 151.2 162.2 148.0 139.6 512.9 510.0 366.3 378.7 92.6 98.5 105.2 131.7 124.2 81.7 79.3 72.5 40.7 45.4 47.6 44.3 45.5 46.7 0
Long-Term Investments 534.0 719.5 725.1 271.1 299.0 308.4 289.2 273.2 242.4 239.6 259.0 264.5 270.6 286.5 295.7 214.4 86.6 93.6 102.1 76.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 643.3 617.9 574.9 528.7 589.0 433.6 313.8 385.1 356.9 251.1 279.4 275.3 304.9 134.1 220.6 216.3 195.0 247.2 269.1 225.1 260.7 287.4 357.8 232.5 220.8 296.6 281.4 246.4 236.7 167.1 149.8 138.3 156.2 46.8 33.2 29.9 21.7 21.9 21.4 8.8
Total Non-Current Assets 9,987.5 10,188.3 10,151.5 9,669.8 9,748.5 6,329.2 5,747.6 6,092.2 4,949.4 4,340.2 4,076.8 3,322.8 2,868.5 2,243.3 2,246.2 2,195.8 2,117.3 2,178.3 2,161.9 1,918.6 1,781.3 1,504.6 1,569.1 1,258.0 1,279.4 930.8 885.5 838.5 857.1 712.8 564.6 488.5 473.7 303.9 310.4 312.5 310.4 330.5 332 264
Total Assets 13,393.1 13,434.7 13,448.8 13,306.9 12,696.3 9,908.3 8,109.0 8,142.3 6,975.9 6,370.1 6,139.8 5,455.6 4,915.9 4,564.0 4,244.4 4,053.9 3,692.1 3,616.5 3,393.7 3,060.3 2,846.6 2,534.0 2,393.1 2,220.2 2,162.7 1,641.9 1,685.6 1,555.9 1,528.5 1,436.1 1,223.9 1,196.7 1,093.6 913 856.8 799.4 727.4 706.5 698 584.7
Current Liabilities
Account Payables 731.6 735.6 771.4 816.6 793.3 644.6 590.0 618.8 552.7 481.8 495.3 484.0 387.3 385.9 390.2 361.3 313.3 378.5 290.9 271.4 255.1 203.6 195.8 174.1 171.2 154.9 162.6 119.8 120.4 121 97.5 112.9 98.4 82.7 0 0 0 0 0 0
Short-Term Debt 6.6 7.8 950.5 8.8 8.8 258.7 0 0 0 0 185 0 0 0 0 350 0 100 70.0 0.4 11.1 15.8 14.3 13.8 39.0 38.4 41.2 6.1 4.6 2.5 2.1 0.4 0 0.2 4.3 1.8 1.2 26.3 51.2 1.1
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 273.4 283.5 263.3 279.1 269.3 277.9 237.8 249.3 236.1 288.0 269.3 245.3 230.3 227.0 227.5 220.1 211.0 180.4 138.4 135.2 194.4 141.8 135.1 136.0 126.4 149.3 181.6 141.8 135.6 142.9 118.2 151.6 128.7 125 196 191.3 186.8 193.2 166.8 123.4
Total Current Liabilities 1,380.8 1,399.3 2,311.8 1,473.3 1,415.7 1,504.0 1,105.0 1,138.9 1,058.2 1,053.2 1,214.0 954.7 784.0 786.3 778.2 1,101.2 685.0 781.2 664.8 585.0 583.2 464.4 442.0 410.1 420.2 342.6 385.4 267.7 260.6 266.4 217.8 264.9 227.1 207.9 200.3 193.1 188 219.5 218 124.5
Non-Current Liabilities
Long-Term Debt 2,850.8 2,850.9 2,358.7 3,290.5 3,315.1 1,044.9 250 624.8 250 250 250 250 250 250 250 0 350 350 350.0 350.1 350.4 361.5 395.3 409.6 462.4 145.9 184.7 204.9 198.2 127 17 10.3 5.7 7.6 22.8 24.5 19.2 20.4 48.8 65.7
Deferred Tax Liabilities 661.3 589.4 498.1 475.2 278.2 218.8 176.6 197.1 98.4 0 64.1 24.0 0 0 0 0 0 0 0 0 0 4.3 11.0 0 0.5 0 0 0 0 0 0 0 8.2 15.9 27.8 26.6 40 41.5 55 54.6
Other Non-Current Liabilities 584.4 591.1 541.2 527.7 709.0 710.3 651.8 576.6 629.6 615.5 610.3 614.9 565.3 702.7 556.4 546.1 532.7 477.7 494.1 322.3 314.2 304.5 292.2 285.2 283.7 279.5 274.4 270 267.5 257.1 257.1 260.4 281.7 37.3 22.5 41.4 9.3 6.4 3.1 0
Total Non-Current Liabilities 4,096.5 4,031.4 3,398.0 4,293.4 4,302.3 1,974.0 1,078.4 1,398.6 978.0 865.5 924.4 888.9 815.3 952.7 806.4 546.1 882.7 827.7 844.1 672.4 664.7 670.4 698.4 694.8 746.6 425.4 459.1 474.9 465.7 384.1 274.1 270.7 295.6 60.8 73.1 92.5 68.5 68.3 106.9 120.3
Total Liabilities 5,477.3 5,430.7 5,709.8 5,766.7 5,718.0 3,478.0 2,183.5 2,537.5 2,036.2 1,918.7 2,138.4 1,843.6 1,599.3 1,739.0 1,584.6 1,647.3 1,567.7 1,608.9 1,508.9 1,257.4 1,247.8 1,134.7 1,140.4 1,104.9 1,166.8 768.1 844.5 742.6 726.3 650.5 491.9 535.6 522.7 268.7 273.4 285.6 256.5 287.8 324.9 244.8
Stockholders' Equity
Common Stock 8.1 8.0 8.0 8.0 7.9 7.9 7.8 7.8 7.7 7.7 7.7 7.7 7.7 7.7 7.7 7.8 7.8 7.9 8.0 8.1 8.1 8.1 8.1 8.1 8.1 8.1 8.4 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 7,516.7 7,677.5 7,493.0 7,313.4 6,881.9 6,523.3 6,128.2 5,730.0 5,162.6 4,736.6 4,216.1 3,805.7 3,452.5 3,135.3 2,824.3 2,568.8 2,318.4 2,112.9 1,978.6 1,821.2 1,612.3 1,414.7 1,265.7 1,140.1 1,010.5 886.7 839.1 810.3 793.3 744.8 710.3 640 551.5 629.4 570.7 503.9 461.3 408.8 362.4 328.2
Accumulated Other Comprehensive Income (243.6) (263.3) (272.3) (255.6) (277.3) (395.2) (399.5) (243.5) (248.1) (296.3) (225.7) (207.7) (149.2) (323.6) (175.5) (175.9) (203.6) (113.2) (101.8) (18.0) (24.9) (23.5) (25.1) (33.0) (25.9) (20.9) (6.3) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 7,901.2 7,993.4 7,734.9 7,535.3 6,972.9 6,425.5 5,921.5 5,600.8 4,935.9 4,448.0 3,998.2 3,605.7 3,311.0 2,819.5 2,656.6 2,400.7 2,122.6 2,007.6 1,884.8 1,802.9 1,598.7 1,399.2 1,252.7 1,115.3 995.9 873.9 841.1 813.3 802.2 785.6 732 661.1 570.9 644.3 583.4 513.8 470.9 418.7 373.1 339.9
Total Liabilities & Equity 13,393.1 13,434.7 13,448.8 13,306.9 12,696.3 9,908.3 8,109.0 8,142.3 6,975.9 6,370.1 6,139.8 5,455.6 4,915.9 4,564.0 4,244.4 4,053.9 3,692.1 3,616.5 3,393.7 3,060.3 2,846.6 2,534.0 2,393.1 2,220.2 2,162.7 1,641.9 1,685.6 1,555.9 1,528.5 1,436.1 1,223.9 1,196.7 1,093.6 913 856.8 799.4 727.4 706.5 698 584.7
Debt Metrics
Total Debt 2,857.4 2,858.8 3,309.2 3,299.3 3,323.9 1,303.6 250 624.8 250 250 435 250 250 250 250 350 350 450 420.1 350.4 361.5 377.3 409.6 423.5 501.4 184.4 225.9 211 202.8 129.5 19.1 10.7 5.7 7.8 27.1 26.3 20.4 46.7 100 66.8
Net Debt 2,186.7 2,116.9 2,572.7 2,317.2 2,710.4 (410.7) (422.9) 165.7 (194.1) (165.1) 87.8 (84.2) (184.0) (432.4) (213.1) (117.8) (35.3) 295.2 270.3 177.9 230.5 88.4 311.6 113.9 315.2 83.7 37.6 7.1 55.9 (59) (170.4) (237.9) (151.9) (217.7) (145) (76.1) (57.9) (22.2) 35.7 (17.2)
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 1992
Operating Activities
Net Income 478.2 804.6 792.9 1,000.2 909.1 908.4 979.1 1,012.6 847.1 890.5 687.3 606.0 530.1 505.0 479.2 399.8 342.8 285.5 301.9 286.1 253.5 231.7 185.8 189.3 182.4 170.2 163.4 139.3 109.5 79.4 120.4 118 100.8 95.2
Depreciation & Amortization 263.9 257.8 253.3 262.8 228.4 205.8 165.2 161.9 131.0 132.0 133.4 130.0 124.8 119.5 124.2 125.6 127.1 126.2 126.7 121.1 115.2 94.7 88.0 83.2 90.2 65.9 64.7 60.3 52.9 42.7 37.2 36.6 32.2 34.3
Stock-Based Compensation 0 23.2 24.1 24.9 24.7 22.5 19.7 20.6 15.6 17.8 15.7 14.4 17.6 16.7 17.2 14.4 12.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (243.3) 68.2 (124.8) (371.8) (165.8) (29.0) (221.4) 50.0 31.9 (30.6) 149.8 10.8 (17.1) (106.7) (102.8) (65.7) 82.2 (162.2) (84.7) (67.2) 96.7 14.6 (13.5) 57.4 53.3 (91.8) 15.2 44.6 3.9 (2) (71.2) 41.7 (29.3) 7.1
Other Non-Cash Items 293.6 25.3 70.5 41.8 (23.2) (11.6) (48.3) 4.1 (53.9) (61.2) (14.2) (24.2) (18.7) (21.4) (34.1) (18.0) (13.1) 4.3 9.0 13.3 (5.6) (30.6) (7.1) (3.1) (3.8) (0.1) (0.1) (19.7) (3.4) (8.4) (0.2) 8.7 (0.1) 5.7
Operating Cash Flow 845.3 1,266.7 1,047.8 1,135.0 1,001.9 1,128.0 923.0 1,241.7 1,033.9 992.8 992.0 746.9 637.8 517.8 490.5 485.5 550.8 271.6 336.9 326.6 428.8 294.7 253.2 326.9 320.4 151.3 239.5 229 162.5 109.4 91.4 199.1 99.8 132.2
Investing Activities
Capital Expenditure (310.9) (256.4) (270.2) (277.7) (230.2) (367.5) (256.4) (379.9) (217.3) (249.3) (125.6) (148.9) (96.6) (127.7) (92.5) (84.9) (92.0) (125.9) (125.8) (141.5) (107.1) (80.4) (241.0) (64.5) (77.1) (100.1) (79.1) (75.8) (116.4) (122.9) (103.4) (65.4) (93.5) (22.9)
Acquisitions 18.2 32.0 5.3 2.4 (3,396.2) (270.8) 479.8 (857.7) (384.5) (170.7) (770.6) (466.2) (665.4) (0.2) (7.2) (28.1) (0.7) (27.2) (125.1) (78.9) (366.5) (21.5) (67.1) (0.5) (440.0) 3.9 1.2 39.8 4.2 5.4 0 1.6 0 0
Purchases of Investments (11.6) (14.1) (427.8) 2.5 (4.4) (19.9) (14.5) (7.5) (4.0) (6.2) (4.8) (1.7) (6.6) (4.6) (71.3) (145.5) (2.4) (156.6) (603.8) (136.5) (118.3) (12.7) (91.3) (27.6) (0.3) (30.3) (108.7) (114.9) (53.3) (14.6) 0 (0.4) (14.9) 0
Sales/Maturities of Investments 0 0 0 (2.4) 4.4 3.8 11.3 2.2 8.8 11.1 (18.5) (10.3) 77.6 21.1 (4.4) (4.9) 7.4 151.3 576.5 176.9 207.2 3.1 0 20 6.2 84.6 82.5 86.3 62.4 13.1 2.9 3.3 0 0
Other Investing Activities 10.7 1.6 3.1 17.2 0.6 (1.9) 0 7.5 9.8 6.2 18.5 10.3 0 4.6 4.4 4.9 2.4 4.2 12.4 9.5 3.7 129.7 5.1 11.9 4.3 (32.5) (40) 5.8 (82) (31.3) (14.3) (13.7) (19.7) (6.5)
Investing Cash Flow (293.6) (236.9) (689.5) (258.0) (3,625.8) (656.3) 220.2 (1,235.4) (587.2) (409.0) (900.9) (616.8) (691.1) (106.8) (171.0) (258.5) (85.2) (154.2) (265.9) (170.5) (381.0) 18.3 (394.3) (60.6) (506.9) (74.5) (144.1) (58.8) (185.1) (150.3) (114.8) (74.6) (128.1) (29.4)
Financing Activities
Net Debt Issuance (7.8) (461.3) (6.8) (8.7) 2,017.7 984.0 (374.8) 374.8 0 (185) 185 0 0 0 (102.4) 0 (100) 29.9 61.1 (11.1) (15.8) (32.3) (13.9) (81.2) 326.9 (38.7) 21.3 13.3 73.3 107.2 8.4 5 (2.1) (19.3)
Stock Repurchased 0 0 (12.3) 0 (20.0) (12.4) (174.2) (46.9) (94.5) (87.9) (24.9) (58.9) (70.8) (61.4) (152.9) (69.6) (38.1) (69.6) (86.8) (37.0) (23.0) (37.5) (6.1) (10.8) (9.2) (75.3) (87.6) (80.1) (45.5) (24) 0 0 0 0
Dividends Paid (633.2) (615.0) (592.9) (557.8) (523.1) (487.4) (437.1) (388.1) (346.0) (296.5) (250.8) (203.2) (174.3) (152.2) (130.0) (109.4) (101.4) (95.5) (81.1) (75.8) (69.4) (61.3) (57.1) (53.4) (50.6) (48.7) (47.9) (47.7) (47.2) (45.6) (42.9) (37.2) (32.2) (26.4)
Other Financing Activities 0.0 5.4 0 0 (0.0) 0.1 0 0 0 47.7 9.7 22.2 19.4 6.1 7.4 11.6 2.1 22.8 13.0 9.3 11.4 9.0 6.6 2.5 5.1 (1.7) 3.2 1.4 0.3 2.2 (1.1) (1.3) (5.4) (3.7)
Financing Cash Flow (619.0) (1,030.1) (600.1) (486.7) 1,520.5 566.2 (926.2) 11.6 (418.8) (509.6) (70.6) (229.4) (195.5) (191.8) (324.2) (144.5) (235.1) (112.4) (93.8) (114.6) (96.7) (122.1) (70.6) (143.0) 272.1 (164.5) (111) (113.1) (19.1) 39.8 (35.6) (33.5) (39.7) (49.4)
Cash Position
Net Change in Cash (71.2) 5.3 (245.6) 368.6 (1,100.8) 1,041.4 213.8 15.0 29.0 67.9 13.1 (99.8) (248.4) 219.3 (4.7) 82.6 230.5 5.0 (22.7) 41.4 (48.8) 190.9 (211.6) 123.3 85.6 (87.7) (15.6) 57.1 (41.7) (1.1) (59) 91 (68) 53.4
Cash at Beginning 741.9 736.5 982.1 613.5 1,714.3 672.9 459.1 444.1 415.1 347.2 334.2 434.0 682.4 463.1 467.8 385.3 154.8 149.7 172.5 131.0 179.9 98.0 309.6 186.3 100.6 188.3 203.9 146.9 188.5 189.6 248.6 157.6 225.5 172.1
Cash at End 670.7 741.9 736.5 982.1 613.5 1,714.3 672.9 459.1 444.1 415.1 347.2 334.2 434.0 682.4 463.1 467.8 385.3 154.8 149.7 172.5 131.0 288.9 98.0 309.6 186.3 100.6 188.3 204 146.8 188.5 189.6 248.6 157.5 225.5
Free Cash Flow 534.3 1,010.3 777.6 857.3 771.7 760.5 666.6 861.9 812.6 743.6 866.4 598.0 541.2 390.0 398.0 400.6 458.8 145.7 211.1 185.1 321.8 214.4 12.3 262.4 243.3 51.2 160.4 153.2 46.1 (13.5) (12) 133.7 6.3 109.3
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 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 12,106.2 11,920.8 12,110.0 12,458.8 11,386.2 9,608.5 9,497.3 9,545.7 9,167.5 9,523.2 9,263.9 9,316.3 8,751.7 8,230.7 7,895.1 7,220.7 6,533.7 6,754.9 6,193.0 5,745.5 5,414.0 4,779.9 4,200.3 3,910.3 3,885.2 3,473.8 3,357.8 3,261 3,256.6 3,098.7 3,046.2 3,064.8 2,854 2,813.7 2,836.2 2,681.2 2,340.5 2,292.8 2,314.1 1,960.2
Gross Profit 1,891.8 2,022.1 1,999.8 2,164.7 1,927.9 1,826.0 1,884.6 1,979.5 1,996.6 2,158.2 1,808.6 1,565.0 1,412.8 1,331.9 1,334.1 1,238.7 1,098.9 1,061.9 1,002.8 1,383.2 1,284.4 1,124.0 1,013.2 962.9 895.9 799.0 1,042.8 920.9 811.8 743.1 789.1 755.9 679.3 655.8 597.8 561.7 522.5 477.5 412 376.2
Operating Income 718.6 1,067.9 1,072.0 1,312.6 1,122.6 1,100.2 1,196.3 1,180.0 1,276.7 1,323.9 1,067.3 931.6 806.0 764.7 742.3 646.6 536.6 516.8 483.9 450.7 425.9 380.4 310.4 318.2 303.8 265.1 240.9 183.4 168.2 121.6 183.4 187.1 155.4 146.5 133.6 120.1 109.7 98.7 87.9 74.2
Net Income 478.2 805.0 793.6 1,000.0 908.8 908.1 978.8 1,012.1 846.7 890.1 686.1 602.7 526.2 500.1 474.2 395.6 342.8 285.5 301.9 286.1 254.6 233.6 185.8 189.3 182.4 170.2 163.4 139.3 109.5 79.4 120.4 118 (26.7) 95.2 86.4 77.1 70.1 60.2 45.9 39.1
EPS (Diluted) 0.87 1.47 1.45 1.82 1.66 1.66 1.80 1.86 1.57 1.64 1.27 1.12 0.98 0.93 0.87 0.73 0.63 0.52 0.54 0.51 0.46 0.42 0.33 0.34 0.33 0.30 0.28 0.23 0.18 0.13 0.20 0.19 -0.04 0.16 0.14 0.13 0.12 0.10 0.07 0.07
Balance Sheet
Cash & Equivalents 670.7 741.9 736.5 982.1 613.5 1,714.3 672.9 459.1 444.1 415.1 347.2 334.2 434.0 682.4 463.1 467.8 385.3 154.8 149.7 172.5 131.0 288.9 98.0 309.6 186.3 100.6 188.3 203.9 146.9 188.5 189.5 248.6 157.6 225.5 172.1 102.4 78.3 68.9 64.3 84
Total Assets 13,393.1 13,434.7 13,448.8 13,306.9 12,696.3 9,908.3 8,109.0 8,142.3 6,975.9 6,370.1 6,139.8 5,455.6 4,915.9 4,564.0 4,244.4 4,053.9 3,692.1 3,616.5 3,393.7 3,060.3 2,846.6 2,534.0 2,393.1 2,220.2 2,162.7 1,641.9 1,685.6 1,555.9 1,528.5 1,436.1 1,223.9 1,196.7 1,093.6 913 856.8 799.4 727.4 706.5 698 584.7
Total Debt 2,857.4 2,858.8 3,309.2 3,299.3 3,323.9 1,303.6 250 624.8 250 250 435 250 250 250 250 350 350 450 420.1 350.4 361.5 377.3 409.6 423.5 501.4 184.4 225.9 211 202.8 129.5 19.1 10.7 5.7 7.8 27.1 26.3 20.4 46.7 100 66.8
Stockholders' Equity 7,901.2 7,993.4 7,734.9 7,535.3 6,972.9 6,425.5 5,921.5 5,600.8 4,935.9 4,448.0 3,998.2 3,605.7 3,311.0 2,819.5 2,656.6 2,400.7 2,122.6 2,007.6 1,884.8 1,802.9 1,598.7 1,399.2 1,252.7 1,115.3 995.9 873.9 841.1 813.3 802.2 785.6 732 661.1 570.9 644.3 583.4 513.8 470.9 418.7 373.1 339.9
Cash Flow
Operating Cash Flow 845.3 1,266.7 1,047.8 1,135.0 1,001.9 1,128.0 923.0 1,241.7 1,033.9 992.8 992.0 746.9 637.8 517.8 490.5 485.5 550.8 271.6 336.9 326.6 428.8 294.7 253.2 326.9 320.4 151.3 239.5 229 162.5 109.4 91.4 199.1 99.8 132.2
Capital Expenditure (310.9) (256.4) (270.2) (277.7) (230.2) (367.5) (256.4) (379.9) (217.3) (249.3) (125.6) (148.9) (96.6) (127.7) (92.5) (84.9) (92.0) (125.9) (125.8) (141.5) (107.1) (80.4) (241.0) (64.5) (77.1) (100.1) (79.1) (75.8) (116.4) (122.9) (103.4) (65.4) (93.5) (22.9)
Free Cash Flow 534.3 1,010.3 777.6 857.3 771.7 760.5 666.6 861.9 812.6 743.6 866.4 598.0 541.2 390.0 398.0 400.6 458.8 145.7 211.1 185.1 321.8 214.4 12.3 262.4 243.3 51.2 160.4 153.2 46.1 (13.5) (12) 133.7 6.3 109.3