HRL - Hormel Foods Corporation
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$26.20
DETAILS
HIGH:
$30.00
LOW:
$22.00
MEDIAN:
$26.00
CONSENSUS:
$26.20
UPSIDE:
24.94%
| 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 | 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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) |
| 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 |
| 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 |
| 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 |
| 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 | 670.7 | 741.9 | 736.5 | 982.1 | 613.5 | 1,714.3 | 672.9 | 459.1 | 444.1 | 415.1 | 385.3 | 154.8 | 288.9 | 98.0 | 309.6 | 186.3 | 100.6 | 188.3 | 203.9 | 146.9 | 188.5 | 189.5 | 248.6 | 157.6 |
| Short-Term Investments | 32.9 | 24.7 | 16.7 | 16.1 | 21.2 | 17.3 | 14.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.0 | 60.3 | 34.1 | 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 | 372.3 | 411.0 | 272.7 | 291.5 | 275.5 | 308.1 | 307.7 | 266.1 | 222.9 | 234 | 230.9 | 231.4 | 239.7 | 218.5 |
| 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 | 722.4 | 784.5 | 425.7 | 403.2 | 355.6 | 355.1 | 281.4 | 270.2 | 239.5 | 265.3 | 271.1 | 210.9 | 199.2 | 208.1 |
| Other Current Assets | 73.2 | 35.3 | 39.0 | (0.0) | 0 | 12.4 | 14.5 | 6.7 | 4.5 | 5.7 | 85.7 | 76.4 | 29.3 | 14.7 | 7.4 | 7.3 | 15.4 | 15.2 | 17 | 25.2 | 32.8 | 27.5 | 20.7 | 35.7 |
| 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 | 1,574.7 | 1,438.2 | 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 |
| 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 | 952.7 | 977.7 | 704.2 | 701.3 | 652.7 | 679.9 | 541.5 | 505.6 | 486.9 | 488.7 | 421.5 | 333.1 | 270.9 | 245 |
| 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 | 620.2 | 619.3 | 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 | 140.9 | 151.2 | 512.9 | 510.0 | 366.3 | 378.7 | 92.6 | 98.5 | 105.2 | 131.7 | 124.2 | 81.7 | 79.3 | 72.5 |
| Long-Term Investments | 534.0 | 719.5 | 725.1 | 271.1 | 299.0 | 308.4 | 289.2 | 273.2 | 242.4 | 239.6 | 86.6 | 93.6 | 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 | 195.0 | 247.2 | 287.4 | 357.8 | 232.5 | 220.8 | 296.6 | 281.4 | 246.4 | 236.7 | 167.1 | 149.8 | 138.3 | 156.2 |
| 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 | 2,117.3 | 2,178.3 | 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 |
| 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 | 3,692.1 | 3,616.5 | 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 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 731.6 | 735.6 | 771.4 | 816.6 | 793.3 | 644.6 | 590.0 | 618.8 | 552.7 | 481.8 | 313.3 | 378.5 | 203.6 | 195.8 | 174.1 | 171.2 | 154.9 | 162.6 | 119.8 | 120.4 | 121 | 97.5 | 112.9 | 98.4 |
| Short-Term Debt | 6.6 | 7.8 | 950.5 | 8.8 | 8.8 | 258.7 | 0 | 0 | 0 | 0 | 0 | 100 | 15.8 | 14.3 | 13.8 | 39.0 | 38.4 | 41.2 | 6.1 | 4.6 | 2.5 | 2.1 | 0.4 | 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 |
| Other Current Liabilities | 350.4 | 283.5 | 263.3 | 279.1 | 269.3 | 277.9 | 237.8 | 249.3 | 236.1 | 288.0 | 211.0 | 180.4 | 141.8 | 135.1 | 136.0 | 126.4 | 149.3 | 181.6 | 141.8 | 135.6 | 142.9 | 118.2 | 151.6 | 128.7 |
| 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 | 685.0 | 781.2 | 464.4 | 442.0 | 410.1 | 420.2 | 342.6 | 385.4 | 267.7 | 260.6 | 266.4 | 217.8 | 264.9 | 227.1 |
| 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 | 350 | 350 | 361.5 | 395.3 | 409.6 | 462.4 | 145.9 | 184.7 | 204.9 | 198.2 | 127 | 17 | 10.3 | 5.7 |
| Deferred Tax Liabilities | 661.3 | 589.4 | 498.1 | 475.2 | 278.2 | 218.8 | 176.6 | 197.1 | 98.4 | 0 | 0 | 0 | 4.3 | 11.0 | 0 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.2 |
| Other Non-Current Liabilities | 584.4 | 591.1 | 541.2 | 527.7 | 709.0 | 710.3 | 651.8 | 576.6 | 629.6 | 615.5 | 532.7 | 477.7 | 304.5 | 292.2 | 285.2 | 283.7 | 279.5 | 274.4 | 270 | 267.5 | 257.1 | 257.1 | 260.4 | 281.7 |
| 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 | 882.7 | 827.7 | 670.4 | 698.4 | 694.8 | 746.6 | 425.4 | 459.1 | 474.9 | 465.7 | 384.1 | 274.1 | 270.7 | 295.6 |
| 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 | 1,567.7 | 1,608.9 | 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 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 8.1 | 8.0 | 8.0 | 8.0 | 7.9 | 7.9 | 7.8 | 7.8 | 7.7 | 7.7 | 7.8 | 7.9 | 8.1 | 8.1 | 8.1 | 8.1 | 8.1 | 8.4 | 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 | 2,318.4 | 2,112.9 | 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 |
| Accumulated Other Comprehensive Income | (243.6) | (263.3) | (272.3) | (255.6) | (277.3) | (395.2) | (399.5) | (243.5) | (248.1) | (296.3) | (203.6) | (113.2) | (23.5) | (25.1) | (33.0) | (25.9) | (20.9) | (6.3) | 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 | 2,122.6 | 2,007.6 | 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 |
| 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 | 3,692.1 | 3,616.5 | 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 |
| 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 | 350 | 450 | 377.3 | 409.6 | 423.5 | 501.4 | 184.4 | 225.9 | 211 | 202.8 | 129.5 | 19.1 | 10.7 | 5.7 |
| 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) | (35.3) | 295.2 | 88.4 | 311.6 | 113.9 | 315.2 | 83.7 | 37.6 | 7.1 | 55.9 | (59) | (170.4) | (237.9) | (151.9) |
| 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 | 478.2 | 804.6 | 792.9 | 1,000.2 | 909.1 | 908.4 | 979.1 | 1,012.6 | 847.1 | 890.5 | 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 |
| Depreciation & Amortization | 263.9 | 257.8 | 253.3 | 262.8 | 228.4 | 205.8 | 165.2 | 161.9 | 131.0 | 132.0 | 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 |
| Stock-Based Compensation | 0 | 23.2 | 24.1 | 24.9 | 24.7 | 22.5 | 19.7 | 20.6 | 15.6 | 17.8 | 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) | 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) |
| Other Non-Cash Items | 293.6 | 25.3 | 70.5 | 41.8 | (23.2) | (11.6) | (48.3) | 4.1 | (53.9) | (61.2) | (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) |
| 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 | 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 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (310.9) | (256.4) | (270.2) | (277.7) | (230.2) | (367.5) | (256.4) | (379.9) | (217.3) | (249.3) | (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) |
| Acquisitions | 18.2 | 32.0 | (427.7) | 2.4 | (3,396.2) | (270.8) | 479.8 | (857.7) | (384.5) | (170.7) | (366.5) | (21.5) | (67.1) | (0.5) | (440.0) | 3.9 | 1.2 | 39.8 | 4.2 | 5.4 | 0 | 1.6 | 0 |
| Purchases of Investments | (11.6) | (14.1) | 0 | 2.5 | (4.4) | (19.9) | (14.5) | (7.5) | (4.0) | (6.2) | (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) |
| Sales/Maturities of Investments | 0 | 0 | 0 | (2.4) | 4.4 | 3.8 | 11.3 | 2.2 | 8.8 | 11.1 | 207.2 | 3.1 | 0 | 20 | 6.2 | 84.6 | 82.5 | 86.3 | 62.4 | 13.1 | 2.9 | 3.3 | 0 |
| Other Investing Activities | 10.7 | 1.6 | 8.4 | 17.2 | 0.6 | (1.9) | 0 | 7.5 | 9.8 | 6.2 | 3.7 | 129.7 | 5.1 | 11.9 | 4.3 | (32.5) | (40) | 5.8 | (82) | (31.3) | (14.3) | (13.7) | (19.7) |
| 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) | (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) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | (7.8) | (461.3) | (6.8) | (8.7) | 2,017.7 | 984.0 | (374.8) | 374.8 | 0 | (185) | (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) |
| Stock Repurchased | 0 | 0 | (12.3) | 0 | (20.0) | (12.4) | (174.2) | (46.9) | (94.5) | (87.9) | (23.0) | (37.5) | (6.1) | (10.8) | (9.2) | (75.3) | (87.6) | (80.1) | (45.5) | (24) | 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) | (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) |
| Other Financing Activities | 0.0 | 5.4 | 0 | 0 | (0.0) | 0.1 | 0 | 0 | 0 | 47.7 | 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) |
| 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) | (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) |
| 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 | (48.8) | 190.9 | (211.6) | 123.3 | 85.6 | (87.7) | (15.6) | 57.1 | (41.7) | (1.1) | (59) | 91 | (68) |
| Cash at Beginning | 741.9 | 736.5 | 982.1 | 613.5 | 1,714.3 | 672.9 | 459.1 | 444.1 | 415.1 | 347.2 | 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 |
| Cash at End | 670.7 | 741.9 | 736.5 | 982.1 | 613.5 | 1,714.3 | 672.9 | 459.1 | 444.1 | 415.1 | 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 |
| Free Cash Flow | 534.3 | 1,010.3 | 777.6 | 857.3 | 771.7 | 760.5 | 666.6 | 861.9 | 812.6 | 743.6 | 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 |
| 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 | 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 |
| 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 |
| 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 |
| 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) |
| 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 |
| 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 | 385.3 | 154.8 | 288.9 | 98.0 | 309.6 | 186.3 | 100.6 | 188.3 | 203.9 | 146.9 | 188.5 | 189.5 | 248.6 | 157.6 | |||||||||
| 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 | 3,692.1 | 3,616.5 | 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 | |||||||||
| 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 | 350 | 450 | 377.3 | 409.6 | 423.5 | 501.4 | 184.4 | 225.9 | 211 | 202.8 | 129.5 | 19.1 | 10.7 | 5.7 | |||||||||
| 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 | 2,122.6 | 2,007.6 | 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 | |||||||||
| 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 | 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 | ||||||||||
| Capital Expenditure | (310.9) | (256.4) | (270.2) | (277.7) | (230.2) | (367.5) | (256.4) | (379.9) | (217.3) | (249.3) | (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) | ||||||||||
| Free Cash Flow | 534.3 | 1,010.3 | 777.6 | 857.3 | 771.7 | 760.5 | 666.6 | 861.9 | 812.6 | 743.6 | 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 | ||||||||||