HSY - The Hershey Company
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$220.79
DETAILS
HIGH:
$260.00
LOW:
$181.00
MEDIAN:
$223.50
CONSENSUS:
$220.79
UPSIDE:
13.35%
| 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 | 11,692.6 | 11,202.3 | 11,165.0 | 10,419.3 | 8,971.3 | 8,149.7 | 7,986.3 | 7,791.1 | 7,515.4 | 7,440.2 | 7,386.6 | 7,421.8 | 7,146.1 | 6,644.3 | 6,080.8 | 5,671.0 | 5,298.7 | 5,132.8 | 4,946.7 | 4,944.2 | 4,836.0 | 4,429.2 | 4,172.6 | 4,120.3 | 4,557.2 | 4,221.0 | 3,970.9 | 4,435.6 | 4,302.2 | 3,989.3 | 3,690.7 | 3,606.3 | 3,488.2 |
| Cost of Revenue | 7,802.6 | 5,901.4 | 6,167.2 | 5,920.5 | 4,922.7 | 4,448.4 | 4,363.8 | 4,215.7 | 4,060.1 | 4,270.6 | 4,004.0 | 4,085.6 | 3,865.2 | 3,784.4 | 3,548.9 | 3,255.8 | 3,245.5 | 3,375.1 | 3,315.1 | 3,076.7 | 2,956.7 | 2,672.7 | 2,544.7 | 2,561.1 | 2,668.5 | 2,471.2 | 2,191.4 | 2,466.9 | 2,336.1 | 2,168.6 | 1,992.4 | 1,968.6 | 1,882.4 |
| Gross Profit | 3,889.9 | 5,300.9 | 4,997.8 | 4,498.8 | 4,048.6 | 3,701.3 | 3,622.5 | 3,575.3 | 3,455.4 | 3,169.5 | 3,382.7 | 3,336.2 | 3,280.8 | 2,859.9 | 2,531.9 | 2,415.2 | 2,053.1 | 1,757.7 | 1,631.6 | 1,867.5 | 1,863.1 | 1,743.7 | 1,627.8 | 1,559.3 | 1,468.7 | 1,349.3 | 1,779.5 | 1,968.7 | 1,966.1 | 1,820.7 | 1,698.3 | 1,637.7 | 1,605.8 |
| 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 | 2,454.6 | 2,262.8 | 2,436.5 | 2,236.0 | 2,001.4 | 1,890.9 | 1,905.9 | 1,874.8 | 1,885.5 | 1,891.3 | 1,969.3 | 1,898.3 | 1,924.1 | 1,703.8 | 1,477.8 | 1,426.5 | 1,208.7 | 1,073.0 | 895.9 | 860.4 | 913.0 | 867.1 | 816.4 | 833.4 | 847.0 | 726.6 | 1,057.8 | 1,167.9 | 1,183.1 | 1,124.1 | 1,053.8 | 1,034.1 | 1,035.5 |
| Other Expenses | 18.4 | 139.9 | 0.4 | 2.0 | 3.5 | 27.6 | 120.6 | 76.8 | 256.5 | 23.1 | 375.6 | 45.6 | 18.7 | 0 | (0.9) | 83.4 | 82.9 | 94.8 | 276.9 | 14.6 | 96.5 | 0 | 15.0 | 27.6 | 209.1 | 0 | 163.3 | 158.2 | 152.8 | 133.5 | 133.9 | 129 | 113.1 |
| Operating Expenses | 2,473.0 | 2,402.7 | 2,436.9 | 2,238.0 | 2,004.9 | 1,918.6 | 2,026.5 | 1,951.7 | 2,142.0 | 1,914.4 | 2,344.9 | 1,943.9 | 1,942.8 | 1,703.8 | 1,476.9 | 1,509.9 | 1,291.5 | 1,167.8 | 1,172.7 | 875.0 | 1,009.5 | 867.1 | 831.5 | 861.0 | 1,056.1 | 726.6 | 1,221.1 | 1,326.1 | 1,335.9 | 1,257.6 | 1,187.7 | 1,163.1 | 1,148.6 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 1,417.0 | 2,898.2 | 2,560.9 | 2,260.8 | 2,043.7 | 1,782.7 | 1,596.0 | 1,623.7 | 1,313.4 | 1,205.8 | 1,037.8 | 1,435.2 | 1,358.3 | 1,156.1 | 1,055.0 | 905.3 | 761.6 | 589.9 | 458.8 | 992.6 | 860.9 | 902.2 | 796.4 | 698.3 | 621.7 | 622.6 | 558.4 | 642.6 | 630.2 | 563.1 | 510.6 | 474.6 | 457.2 |
| Interest Expense | 207.4 | 174.3 | 161.5 | 140.1 | 129.8 | 153.5 | 152.1 | 146.9 | 100.1 | 91.9 | 81.0 | 87.6 | 91.5 | 98.5 | 94.8 | 97.7 | 91.3 | 99.7 | 121.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 28.4 | 8.7 | 9.7 | 2.5 | 2.4 | 4.1 | 8.0 | 8.0 | 1.8 | 1.8 | 3.5 | 4.1 | 3.2 | 2.9 | 2.6 | 1.3 | 0.9 | 1.8 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 1,448.9 | 3,103.5 | 2,753.2 | 2,436.1 | 2,242.1 | 1,943.4 | 1,824.5 | 1,852.1 | 1,472.6 | 1,493.3 | 1,227.8 | 1,605.2 | 1,543.9 | 1,324.1 | 1,273.4 | 1,103.7 | 944.9 | 841.2 | 772.2 | 1,207.0 | 1,168.2 | 1,066.2 | 1,000.3 | 903.7 | 603.1 | 798.6 | 721.7 | 800.8 | 783 | 696.6 | 644.5 | 603.6 | 570.3 |
| EBIT | 1,448.9 | 2,648.3 | 2,333.4 | 2,057.2 | 1,927.1 | 1,648.5 | 1,532.9 | 1,556.9 | 1,210.7 | 1,191.4 | 982.8 | 1,393.6 | 1,342.8 | 1,114.1 | 1,057.6 | 906.6 | 762.5 | 591.7 | 461.3 | 1,007.1 | 950.2 | 876.6 | 819.7 | 725.8 | 412.6 | 622.6 | 558.4 | 642.6 | 630.2 | 563.1 | 510.6 | 474.6 | 457.2 |
| Income Before Tax | 1,214.2 | 2,473.9 | 2,171.9 | 1,917.1 | 1,797.2 | 1,495.0 | 1,380.8 | 1,410.1 | 1,110.7 | 1,099.5 | 901.8 | 1,306.0 | 1,251.3 | 1,015.6 | 962.8 | 808.9 | 671.1 | 492.0 | 340.2 | 876.5 | 772.9 | 835.6 | 732.8 | 637.6 | 343.5 | 546.6 | 727.9 | 557 | 554 | 479.8 | 465.9 | 333.1 | 510.8 |
| Income Tax Expense | 330.9 | 252.7 | 310.1 | 272.3 | 314.4 | 219.6 | 234.0 | 239.0 | 354.1 | 379.4 | 388.9 | 459.1 | 430.8 | 354.6 | 333.9 | 299.1 | 235.1 | 180.6 | 126.1 | 317.4 | 279.7 | 244.8 | 267.9 | 234.0 | 136.4 | 212.1 | 267.6 | 216.1 | 217.7 | 206.6 | 184 | 148.9 | 213.6 |
| Net Income | 883.3 | 2,221.2 | 1,861.8 | 1,644.8 | 1,477.5 | 1,278.7 | 1,149.7 | 1,177.6 | 783.0 | 720.0 | 513.0 | 846.9 | 820.5 | 660.9 | 629.0 | 509.8 | 436.0 | 311.4 | 214.2 | 559.1 | 493.2 | 590.9 | 457.6 | 403.6 | 207.2 | 334.5 | 460.3 | 340.9 | 336.3 | 273.2 | 281.9 | 184.2 | 193.3 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 4.40 | 10.97 | 9.09 | 8.00 | 7.15 | 6.13 | 5.49 | 5.61 | 3.79 | 3.45 | 2.40 | 3.91 | 3.76 | 3.01 | 2.78 | 2.24 | 1.91 | 1.37 | 0.94 | 2.44 | 2.05 | 2.31 | 1.74 | 1.48 | 0.76 | 1.23 | 1.65 | 1.19 | 1.13 | 0.89 | 0.85 | 0.53 | 0.54 |
| EPS (Diluted) | 4.34 | 10.94 | 9.06 | 7.96 | 7.11 | 6.11 | 5.46 | 5.58 | 3.66 | 3.34 | 2.32 | 3.54 | 3.61 | 2.89 | 2.74 | 2.21 | 1.90 | 1.36 | 0.93 | 2.34 | 1.97 | 2.24 | 1.73 | 1.47 | 0.75 | 1.18 | 1.63 | 1.17 | 1.12 | 0.88 | 0.85 | 0.53 | 0.54 |
| Shares Outstanding | 203.5 | 203.0 | 204.7 | 205.5 | 206.7 | 208.4 | 209.5 | 210.0 | 212.2 | 214.1 | 219.1 | 222.6 | 224.2 | 225.0 | 226.6 | 227.7 | 227.8 | 227.5 | 228.9 | 229.1 | 244.6 | 188.7 | 263.0 | 272.7 | 272.5 | 275.1 | 279.8 | 286.5 | 298.9 | 308.7 | 331.6 | 347.5 | 361.3 |
| 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 | 925.9 | 730.7 | 401.9 | 463.9 | 329.3 | 1,144.0 | 493.3 | 588.0 | 380.2 | 297.0 | 253.6 | 37.1 | 54.8 | 114.8 | 297.7 | 134.1 | 32.0 | 118.1 | 39 | 54.2 | 61.4 | 32.3 | 26.7 | 16 |
| 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 |
| Net Receivables | 729.5 | 800.4 | 823.6 | 711.2 | 671.5 | 615.2 | 568.5 | 594.1 | 588.3 | 581.4 | 410.4 | 455.2 | 408.9 | 407.6 | 371.0 | 361.7 | 379.7 | 352.8 | 451.3 | 360.8 | 294.6 | 326 | 331.7 | 295 |
| Inventory | 1,429.3 | 1,254.1 | 1,341.0 | 1,173.1 | 988.5 | 964.2 | 815.3 | 784.9 | 752.8 | 745.7 | 519.7 | 592.5 | 557.2 | 492.9 | 503.3 | 512.1 | 605.2 | 602.2 | 493.2 | 505.5 | 475 | 397.6 | 445.7 | 453.4 |
| Other Current Assets | 0 | 704.4 | 118.0 | 128.3 | 127.7 | 158.8 | 156.0 | 203.7 | 151.9 | 0 | 39.9 | 70.9 | 61.8 | 13.3 | 0 | 96.9 | 278.5 | 206.9 | 150.5 | 114.3 | 155.2 | 166.4 | 144.6 | 124.6 |
| Total Current Assets | 3,588.9 | 3,759.5 | 2,912.1 | 2,620.4 | 2,246.2 | 2,977.9 | 2,117.1 | 2,239.2 | 2,001.9 | 1,816.8 | 1,385.4 | 1,344.9 | 1,182.4 | 1,131.6 | 1,263.6 | 1,167.5 | 1,295.3 | 1,280 | 1,134 | 1,034.8 | 986.2 | 922.3 | 948.7 | 889 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 3,529.6 | 3,796.6 | 3,617.7 | 2,769.7 | 2,586.2 | 2,285.3 | 2,153.1 | 2,130.3 | 2,106.7 | 2,177.2 | 1,404.8 | 1,458.9 | 1,682.7 | 1,661.9 | 1,486.1 | 1,534.9 | 1,585.4 | 1,510.5 | 1,648.1 | 1,648.2 | 1,601.9 | 1,436 | 1,468.4 | 1,460.9 |
| Goodwill | 2,996.0 | 2,705.8 | 2,696.1 | 2,607.0 | 2,633.2 | 1,988.2 | 1,986.0 | 1,801.1 | 821.1 | 812.3 | 571.6 | 554.7 | 463.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,475.7 | 2,241.0 | 2,239.4 | 1,966.3 | 2,037.6 | 1,295.2 | 1,341.2 | 1,278.3 | 474.0 | 492.7 | 125.5 | 110.8 | 125.2 | 427.5 | 418.4 | 429.1 | 474.4 | 450.2 | 530.5 | 551.8 | 566 | 428.7 | 453.6 | 473.4 |
| Long-Term Investments | 0 | 212.9 | 207.2 | 133.0 | 93.1 | 52.4 | 0 | 0 | 0 | 0 | 0 | 0 | (46.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1,123.3 | 194.1 | 186.1 | 812.0 | 775.1 | 503.5 | 512 | 253.0 | 147.0 | 168.4 | 183.4 | 151.6 | 343.2 | 361.6 | 312.5 | 115.9 | 92.6 | 106 | 91.5 | 56.4 | 30.7 | 43.6 | 20.3 | 31.8 |
| Total Non-Current Assets | 10,152.4 | 9,187.4 | 8,990.8 | 8,328.4 | 8,166.0 | 6,153.9 | 6,023.3 | 5,463.8 | 3,551.8 | 3,707.6 | 2,289.6 | 2,289.8 | 2,615.1 | 2,451.0 | 2,216.9 | 2,079.9 | 2,152.4 | 2,066.7 | 2,270.1 | 2,256.4 | 2,198.6 | 1,908.3 | 1,942.3 | 1,966.1 |
| Total Assets | 13,741.3 | 12,946.9 | 11,902.9 | 10,948.8 | 10,412.2 | 9,131.8 | 8,140.4 | 7,703.0 | 5,553.7 | 5,524.3 | 3,675.0 | 3,634.7 | 3,797.5 | 3,582.5 | 3,480.6 | 3,247.4 | 3,447.8 | 3,346.7 | 3,404.1 | 3,291.2 | 3,184.8 | 2,830.6 | 2,891 | 2,855.1 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 1,255.7 | 807.9 | 630.5 | 970.6 | 692.3 | 580.1 | 550.8 | 502.3 | 523.2 | 522.5 | 287.9 | 249.5 | 148.7 | 132.2 | 124.5 | 133.0 | 149.2 | 136.6 | 156.9 | 146.9 | 134.2 | 127.1 | 115.4 | 125.7 |
| Short-Term Debt | 721.9 | 1,906.3 | 1,019.0 | 1,443.1 | 942.3 | 512.9 | 731.6 | 1,203.3 | 859.5 | 632.7 | 39.3 | 501.5 | 622.3 | 12.5 | 28.1 | 7.9 | 258.1 | 211.6 | 346 | 257.5 | 315 | 413.7 | 324.7 | 350.6 |
| 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 | 970.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 24.8 | 2.6 | 359.5 | 364.6 | 311.9 | 391.3 | 368.1 | 323.6 | 356.1 | 337.5 |
| Total Current Liabilities | 3,011.9 | 3,929.5 | 3,008.4 | 3,257.2 | 2,493.3 | 1,891.7 | 2,008.8 | 2,418.6 | 2,076.5 | 1,909.4 | 910.6 | 1,270.2 | 1,285.4 | 585.8 | 546.8 | 606.4 | 766.9 | 712.8 | 814.8 | 795.7 | 817.3 | 864.4 | 796.2 | 813.8 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 4,681.2 | 3,122.1 | 3,718.6 | 3,274.8 | 4,021.0 | 4,013.9 | 3,455.2 | 3,254.3 | 2,061.0 | 2,347.5 | 1,502.7 | 1,506.0 | 690.6 | 968.5 | 851.8 | 877.0 | 877.7 | 878.2 | 879.1 | 1,029.1 | 655.3 | 357 | 157.2 | 165.8 |
| Deferred Tax Liabilities | 679.5 | 424.2 | 345.7 | 328.4 | 288.0 | 229.0 | 200.0 | 176.9 | 45.7 | 39.6 | 0 | 3.6 | 319.2 | 377.6 | 348.0 | 255.8 | 300.5 | 326 | 321.1 | 267.1 | 224 | 192.5 | 193.4 | 172.7 |
| Other Non-Current Liabilities | 731.9 | 383.5 | 383.6 | 424.9 | 476.2 | 501.6 | 471.6 | 446.0 | 438.9 | 400.2 | 501.3 | 505.0 | 383.4 | 370.8 | 362.2 | 361.0 | 327.7 | 331.1 | 346.8 | 346.5 | 327.2 | 333.7 | 303.1 | 290.5 |
| Total Non-Current Liabilities | 6,092.7 | 4,302.7 | 4,795.5 | 4,392.1 | 5,161.7 | 5,002.2 | 4,386.6 | 3,877.2 | 2,545.6 | 2,787.2 | 2,004.1 | 2,014.6 | 1,422.8 | 1,716.9 | 1,562.0 | 1,493.8 | 1,505.8 | 1,535.3 | 1,547 | 1,642.7 | 1,206.5 | 883.2 | 653.7 | 629 |
| Total Liabilities | 9,104.5 | 8,232.2 | 7,803.9 | 7,649.3 | 7,655.0 | 6,894.0 | 6,395.4 | 6,295.8 | 4,622.2 | 4,696.6 | 2,914.7 | 3,284.8 | 2,708.2 | 2,302.7 | 2,108.8 | 2,100.2 | 2,272.7 | 2,248.1 | 2,361.8 | 2,438.4 | 2,023.8 | 1,747.6 | 1,449.9 | 1,442.8 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 0 | 221.6 | 221.6 | 221.6 | 221.6 | 221.6 | 221.6 | 359.9 | 359.9 | 359.9 | 359.9 | 359.9 | 359.9 | 179.9 | 179.9 | 179.9 | 179.9 | 180 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | 5,698.3 | 4,562.3 | 3,589.8 | 2,719.9 | 1,928.7 | 1,290.5 | 7,032.0 | 6,371.1 | 6,116.0 | 4,148.4 | 3,975.8 | 3,469.2 | 3,264.0 | 2,991.1 | 2,755.3 | 2,702.9 | 2,513.3 | 2,189.7 | 1,977.8 | 1,763.1 | 1,694.7 | 1,522.9 | 1,445.6 |
| Accumulated Other Comprehensive Income | 0 | (303.9) | (230.1) | (252.3) | (249.2) | (338.1) | (324.0) | (356.8) | (313.7) | (375.9) | (202.8) | (359.9) | (6.1) | (20.7) | 8.3 | (102.1) | (75.9) | (72) | (1,054.7) | (939) | (820.8) | (754.4) | (655.1) | 0 |
| Total Stockholders' Equity | 4,636.8 | 4,714.7 | 4,099.1 | 3,299.5 | 2,757.2 | 2,234.4 | 1,739.2 | 1,398.7 | 915.3 | 785.9 | 720.5 | 318.2 | 1,137.1 | 1,279.9 | 1,371.7 | 1,147.2 | 1,175.0 | 1,098.6 | 1,042.3 | 852.8 | 1,161 | 1,083 | 1,441.1 | 1,412.3 |
| Total Liabilities & Equity | 13,741.3 | 12,946.9 | 11,902.9 | 10,948.8 | 10,412.2 | 9,131.8 | 8,140.4 | 7,695.3 | 5,553.7 | 5,524.3 | 3,675.0 | 3,634.7 | 3,797.5 | 3,582.5 | 3,480.6 | 3,247.4 | 3,447.8 | 3,346.7 | 3,404.1 | 3,291.2 | 3,184.8 | 2,830.6 | 2,891 | 2,855.1 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 5,403.1 | 5,447.6 | 5,125.6 | 5,118.0 | 5,376.1 | 4,821.1 | 4,479.9 | 4,457.6 | 2,920.5 | 2,980.2 | 1,542.0 | 2,007.5 | 1,312.9 | 981.0 | 879.9 | 884.9 | 1,135.8 | 1,089.8 | 1,225.1 | 1,286.6 | 970.3 | 770.7 | 481.9 | 516.4 |
| Net Debt | 4,477.2 | 4,716.8 | 4,723.7 | 4,654.1 | 5,046.8 | 3,677.1 | 3,986.6 | 3,869.6 | 2,540.3 | 2,683.2 | 1,288.4 | 1,970.4 | 1,258.1 | 866.2 | 582.2 | 750.8 | 1,103.8 | 971.7 | 1,186.1 | 1,232.4 | 908.9 | 738.4 | 455.2 | 500.4 |
| 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 | 883.3 | 2,221.2 | 1,861.8 | 1,644.8 | 1,482.8 | 1,275.4 | 1,146.8 | 1,171.1 | 756.5 | 720.0 | 493.2 | 590.9 | 457.6 | 403.6 | 207.2 | 334.5 | 460.3 | 340.9 | 336.3 | 273.2 | 281.9 | 184.2 | 297.2 |
| Depreciation & Amortization | 503.7 | 455.3 | 419.8 | 379.0 | 315.0 | 294.9 | 291.5 | 295.1 | 261.9 | 301.8 | 218.0 | 189.7 | 180.6 | 177.9 | 190.5 | 176.0 | 163.3 | 158.2 | 152.8 | 133.5 | 133.9 | 129 | 113.1 |
| Stock-Based Compensation | 65.5 | 44.4 | 81.0 | 66.0 | 66.7 | 57.6 | 51.9 | 49.3 | 51.1 | 54.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 40.1 | (53.1) | (341.9) | (29.4) | 46.3 | (191.6) | 88.5 | (71.2) | (134.3) | (63.7) | (151.5) | 98.8 | (101.3) | (115.5) | 134.2 | (81.9) | (122.5) | (192.3) | (33) | (6.7) | 33.3 | (99.8) | 28.8 |
| Other Non-Cash Items | 662.6 | (209.5) | 286.2 | 230.6 | 158.7 | 236.5 | 200.2 | 119.5 | 295.8 | 8.7 | (169.0) | 0 | 17.1 | 21.5 | 223.8 | 0 | (0.1) | 0.7 | 3.9 | 5.4 | 19.6 | 20.1 | 9.4 |
| Operating Cash Flow | 2,277.4 | 2,531.6 | 2,323.2 | 2,327.8 | 2,082.9 | 1,699.7 | 1,763.9 | 1,600.0 | 1,249.5 | 983.5 | 461.8 | 797.5 | 592.9 | 625.3 | 706.4 | 412.2 | 327.7 | 389.7 | 476.9 | 463.7 | 494.9 | 337.3 | 378.9 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (528.2) | (605.9) | (771.1) | (519.5) | (495.9) | (441.6) | (318.2) | (328.6) | (257.7) | (269.5) | (194.3) | (195.9) | (218.7) | (132.7) | (160.1) | (138.3) | (115.4) | (161.3) | (172.9) | (596.6) | (153.1) | (138.7) | (376.4) |
| Acquisitions | (756.1) | (361.0) | (165.8) | (275.5) | (1,729.5) | (87.2) | (482.4) | (1,224.1) | (78.6) | (329.6) | (47.1) | (166.9) | 0 | 0 | (17.1) | (135) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | (275.5) | 0 | 0 | (80.2) | (52.6) | (78.6) | (44.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 275.5 | 0 | 0 | 80.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 259.7 |
| Other Investing Activities | (522.6) | 6.6 | (261.7) | 7.6 | 2.5 | (2.4) | 20.1 | 49.8 | 7.6 | 3.7 | 2.7 | 0 | 1.6 | 0.2 | 53.2 | 1.5 | 438.1 | (33.6) | 21.3 | 158.5 | 8.7 | (6.3) | (1.9) |
| Investing Cash Flow | (1,278.7) | (960.3) | (1,198.7) | (787.4) | (2,222.8) | (531.3) | (780.5) | (1,502.9) | (328.7) | (595.5) | (238.7) | (362.7) | (217.0) | (132.6) | (124.0) | (271.8) | 322.7 | (194.9) | (151.6) | (438.1) | (144.4) | (145) | (118.6) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 279.4 | 300.6 | 14.7 | (250.4) | 429.6 | 327.2 | (184.7) | 934.8 | (80.5) | 568.6 | 445.7 | 330.4 | (14.5) | (5.1) | (251.0) | 45.8 | (135.4) | (61.7) | 317.4 | 207.8 | 298.1 | (34.8) | (36.2) |
| Stock Repurchased | 0 | (494.2) | (264.9) | (389.0) | (457.9) | (211.2) | (527.2) | (247.5) | (300.3) | (592.5) | (537.0) | (698.9) | (329.4) | (84.2) | (40.3) | (99.9) | (318) | (16.2) | (507.7) | (66.1) | (526.1) | (39.7) | (131.8) |
| Dividends Paid | (1,085.3) | (1,084.8) | (889.1) | (775.0) | (686.0) | (640.7) | (610.3) | (562.5) | (526.3) | (499.5) | (221.2) | (205.7) | (184.7) | (167.8) | (154.8) | (144.9) | (136.7) | (129) | (121.5) | (114.8) | (110.1) | (107) | (100.5) |
| Other Financing Activities | (18.8) | (18.2) | (9.0) | (35.5) | 33.2 | 46.4 | 240.8 | (8.7) | 63.3 | 59.1 | 20.2 | 0 | (85.3) | (158.5) | (64.3) | (51.9) | (0.1) | (22.5) | (35.1) | (45.5) | (21.9) | 0 | 0 |
| Financing Cash Flow | (803.4) | (1,296.5) | (1,148.3) | (1,415.7) | (681.1) | (499.2) | (1,081.5) | 116.1 | (843.8) | (434.4) | (210.8) | (494.7) | (558.9) | (329.2) | (480.2) | (226.5) | (571.3) | (210) | (332.5) | 3.4 | (344.9) | (181.5) | (268.5) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 195.1 | 328.8 | (62.0) | 134.6 | (814.7) | 650.7 | (94.7) | 207.8 | 83.2 | (49.6) | 12.3 | (60.0) | (182.9) | 163.6 | 102.2 | (86.1) | 79.1 | (210) | (332.5) | 3.4 | (344.9) | (181.5) | (268.5) |
| Cash at Beginning | 730.7 | 401.9 | 463.9 | 329.3 | 1,144.0 | 493.3 | 588.0 | 380.2 | 297.0 | 346.5 | 54.8 | 114.8 | 297.7 | 134.1 | 32.0 | 118.1 | 39 | 54.2 | 61.4 | 32.3 | 26.7 | 16 | 24.1 |
| Cash at End | 925.9 | 730.7 | 401.9 | 463.9 | 329.3 | 1,144.0 | 493.3 | 588.0 | 380.2 | 297.0 | 67.2 | 54.8 | 114.8 | 297.7 | 134.1 | 32.0 | 118.1 | (155.8) | (271.1) | 35.7 | (318.2) | (165.5) | (244.4) |
| Free Cash Flow | 1,749.1 | 1,925.7 | 1,552.1 | 1,808.4 | 1,587.0 | 1,258.0 | 1,445.7 | 1,271.4 | 991.8 | 714.0 | 267.5 | 601.6 | 374.3 | 492.6 | 546.3 | 273.9 | 212.3 | 228.4 | 304 | (132.9) | 341.8 | 198.6 | 2.5 |
| 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 | 11,692.6 | 11,202.3 | 11,165.0 | 10,419.3 | 8,971.3 | 8,149.7 | 7,986.3 | 7,791.1 | 7,515.4 | 7,440.2 | 7,386.6 | 7,421.8 | 7,146.1 | 6,644.3 | 6,080.8 | 5,671.0 | 5,298.7 | 5,132.8 | 4,946.7 | 4,944.2 | 4,836.0 | 4,429.2 | 4,172.6 | 4,120.3 | 4,557.2 | 4,221.0 | 3,970.9 | 4,435.6 | 4,302.2 | 3,989.3 | 3,690.7 | 3,606.3 | 3,488.2 |
| Gross Profit | 3,889.9 | 5,300.9 | 4,997.8 | 4,498.8 | 4,048.6 | 3,701.3 | 3,622.5 | 3,575.3 | 3,455.4 | 3,169.5 | 3,382.7 | 3,336.2 | 3,280.8 | 2,859.9 | 2,531.9 | 2,415.2 | 2,053.1 | 1,757.7 | 1,631.6 | 1,867.5 | 1,863.1 | 1,743.7 | 1,627.8 | 1,559.3 | 1,468.7 | 1,349.3 | 1,779.5 | 1,968.7 | 1,966.1 | 1,820.7 | 1,698.3 | 1,637.7 | 1,605.8 |
| Operating Income | 1,417.0 | 2,898.2 | 2,560.9 | 2,260.8 | 2,043.7 | 1,782.7 | 1,596.0 | 1,623.7 | 1,313.4 | 1,205.8 | 1,037.8 | 1,435.2 | 1,358.3 | 1,156.1 | 1,055.0 | 905.3 | 761.6 | 589.9 | 458.8 | 992.6 | 860.9 | 902.2 | 796.4 | 698.3 | 621.7 | 622.6 | 558.4 | 642.6 | 630.2 | 563.1 | 510.6 | 474.6 | 457.2 |
| Net Income | 883.3 | 2,221.2 | 1,861.8 | 1,644.8 | 1,477.5 | 1,278.7 | 1,149.7 | 1,177.6 | 783.0 | 720.0 | 513.0 | 846.9 | 820.5 | 660.9 | 629.0 | 509.8 | 436.0 | 311.4 | 214.2 | 559.1 | 493.2 | 590.9 | 457.6 | 403.6 | 207.2 | 334.5 | 460.3 | 340.9 | 336.3 | 273.2 | 281.9 | 184.2 | 193.3 |
| EPS (Diluted) | 4.34 | 10.94 | 9.06 | 7.96 | 7.11 | 6.11 | 5.46 | 5.58 | 3.66 | 3.34 | 2.32 | 3.54 | 3.61 | 2.89 | 2.74 | 2.21 | 1.90 | 1.36 | 0.93 | 2.34 | 1.97 | 2.24 | 1.73 | 1.47 | 0.75 | 1.18 | 1.63 | 1.17 | 1.12 | 0.88 | 0.85 | 0.53 | 0.54 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 925.9 | 730.7 | 401.9 | 463.9 | 329.3 | 1,144.0 | 493.3 | 588.0 | 380.2 | 297.0 | 253.6 | 37.1 | 54.8 | 114.8 | 297.7 | 134.1 | 32.0 | 118.1 | 39 | 54.2 | 61.4 | 32.3 | 26.7 | 16 | |||||||||
| Total Assets | 13,741.3 | 12,946.9 | 11,902.9 | 10,948.8 | 10,412.2 | 9,131.8 | 8,140.4 | 7,703.0 | 5,553.7 | 5,524.3 | 3,675.0 | 3,634.7 | 3,797.5 | 3,582.5 | 3,480.6 | 3,247.4 | 3,447.8 | 3,346.7 | 3,404.1 | 3,291.2 | 3,184.8 | 2,830.6 | 2,891 | 2,855.1 | |||||||||
| Total Debt | 5,403.1 | 5,447.6 | 5,125.6 | 5,118.0 | 5,376.1 | 4,821.1 | 4,479.9 | 4,457.6 | 2,920.5 | 2,980.2 | 1,542.0 | 2,007.5 | 1,312.9 | 981.0 | 879.9 | 884.9 | 1,135.8 | 1,089.8 | 1,225.1 | 1,286.6 | 970.3 | 770.7 | 481.9 | 516.4 | |||||||||
| Stockholders' Equity | 4,636.8 | 4,714.7 | 4,099.1 | 3,299.5 | 2,757.2 | 2,234.4 | 1,739.2 | 1,398.7 | 915.3 | 785.9 | 720.5 | 318.2 | 1,137.1 | 1,279.9 | 1,371.7 | 1,147.2 | 1,175.0 | 1,098.6 | 1,042.3 | 852.8 | 1,161 | 1,083 | 1,441.1 | 1,412.3 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 2,277.4 | 2,531.6 | 2,323.2 | 2,327.8 | 2,082.9 | 1,699.7 | 1,763.9 | 1,600.0 | 1,249.5 | 983.5 | 461.8 | 797.5 | 592.9 | 625.3 | 706.4 | 412.2 | 327.7 | 389.7 | 476.9 | 463.7 | 494.9 | 337.3 | 378.9 | ||||||||||
| Capital Expenditure | (528.2) | (605.9) | (771.1) | (519.5) | (495.9) | (441.6) | (318.2) | (328.6) | (257.7) | (269.5) | (194.3) | (195.9) | (218.7) | (132.7) | (160.1) | (138.3) | (115.4) | (161.3) | (172.9) | (596.6) | (153.1) | (138.7) | (376.4) | ||||||||||
| Free Cash Flow | 1,749.1 | 1,925.7 | 1,552.1 | 1,808.4 | 1,587.0 | 1,258.0 | 1,445.7 | 1,271.4 | 991.8 | 714.0 | 267.5 | 601.6 | 374.3 | 492.6 | 546.3 | 273.9 | 212.3 | 228.4 | 304 | (132.9) | 341.8 | 198.6 | 2.5 | ||||||||||