Innovative Industrial Properties, Inc. logo IIPR - Innovative Industrial Properties, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 6
SELL 1
STRONG
SELL
0
| PRICE TARGET: $84.67 DETAILS
HIGH: $150.00
LOW: $44.00
MEDIAN: $60.00
CONSENSUS: $84.67
UPSIDE: 48.39%
Metric 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 2016 Q3 2016 Q1
Revenue
Revenue 69.0 66.7 64.7 62.9 71.7 76.7 76.5 79.8 75.5 79.2 77.8 76.5 76.1 70.5 70.9 70.5 64.5 58.9 53.9 48.9 42.9 37.1 34.3 24.3 21.1 17.7 11.6 8.6 6.8 4.8 3.9 3.3 2.8 2.3 1.6 1.3 1.3 0.3 0 0.3
Cost of Revenue 44.7 45.1 8.0 6.9 7.4 7.6 7.3 6.9 6.7 7.2 6.3 5.8 5.6 3.3 2.8 2.4 2.0 1.8 1.4 0.5 0.8 1.0 2.9 0.4 0.6 0.4 0.4 0.3 0.2 0.1 0.2 0.1 0.1 0.1 0.1 0 0 0.1 0 0.1
Gross Profit 24.3 21.6 56.7 56.0 64.3 69.1 69.2 72.9 68.7 72.0 71.5 70.7 70.4 67.2 68.1 68.1 62.5 57.1 52.5 48.4 42.1 36.1 31.4 23.9 20.5 17.3 11.2 8.3 6.6 4.7 3.7 3.2 2.7 2.2 1.5 1.3 1.3 0.2 0 0.2
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 10.3 8.0 8.7 8.6 8.5 8.9 9.3 9.7 9.6 10.9 11.0 10.6 10.4 10.2 10.8 8.7 8.8 6.5 5.3 5.6 5.6 4.5 3.3 3.0 3.3 3.2 2.2 2.6 1.9 2.0 1.4 1.5 1.5 1.3 1.0 1.5 1.8 0.9 0.2 0.8
Other Expenses (18.6) (18.5) 18.6 18.5 21.9 18.2 17.9 20.9 17.1 17.1 16.7 16.7 16.7 12.7 15.9 15.2 13.9 12.2 10.9 9.8 8.8 8.7 7.6 6.7 4.9 3.5 2.2 1.6 1.2 0.9 0.7 0.5 0.5 0.4 0.0 0.0 0.2 0.1 0 0.1
Operating Expenses (8.2) (10.6) 27.3 27.1 30.4 27.1 27.3 30.6 26.7 28.0 27.7 27.3 27.1 22.9 26.7 23.9 22.6 18.7 16.2 15.4 14.4 13.2 11.0 9.8 8.3 6.7 4.4 4.2 3.1 2.9 2.1 2.0 2.0 1.7 1.2 1.6 1.9 0.9 0.2 0.9
Operating Income
Operating Income 32.5 32.2 29.4 28.9 34.0 42.0 42.0 42.3 42.0 44.0 43.8 43.4 43.4 44.2 41.4 44.1 39.9 38.5 36.3 32.9 27.7 22.9 20.4 14.2 12.3 10.6 6.8 4.1 3.4 1.8 1.6 1.2 0.7 0.6 0.3 (0.5) (0.6) (0.7) (0.2) (4.2)
Interest Expense 6.4 6.7 4.5 4.4 4.5 3.1 4.4 4.3 4.4 2.8 4.3 4.5 4.5 4.5 4.5 4.5 4.8 6.2 6.3 3.7 1.9 1.9 1.9 1.9 1.8 1.8 1.6 1.6 0.8 0 0 0 0 0 0 0 0 0 0 0
Interest Income 6.4 6.7 4.4 1.6 1.6 2.6 2.7 4.0 1.8 1.8 2.1 2.3 2.2 1.8 0.8 0.6 0.1 0.1 0.1 0.1 0.1 0.3 0.7 1.0 1.4 1.1 1.5 1.2 1.0 0.9 0.3 0.3 0.2 0 0.0 0.0 0.0 0 0 0
Profitability
EBITDA 57.8 57.1 52.5 49.0 54.0 61.4 62.6 63.8 61.0 61.5 62.6 62.4 62.3 61.0 58.0 60.0 53.7 45.3 47.3 42.9 36.6 31.7 28.7 21.9 18.6 15.1 10.4 6.6 5.7 2.7 2.3 1.8 1.2 0.9 0.5 (0.2) (0.5) (1.1) (0.2) 0
EBIT 39.2 38.6 33.8 30.5 35.6 43.1 44.6 46.3 43.8 44.4 45.9 45.7 45.6 44.7 42.1 44.7 39.8 33.1 36.4 33.0 27.8 23.0 21.1 15.2 13.7 11.5 8.1 5.0 4.4 1.8 1.8 1.5 0.9 0.6 0.3 (0.4) (0.6) (0.5) (0.2) 0
Income Before Tax 32.8 31.8 29.3 26.0 31.1 40.0 40.2 42.0 39.4 41.6 41.6 41.3 41.1 41.5 37.6 40.2 35.0 28.6 30.1 29.3 25.9 21.3 19.2 13.3 11.9 9.9 6.5 3.4 3.6 2.7 1.8 1.5 0.9 0.6 0.3 (0.4) (0.6) (4.2) (0.2) (4.2)
Income Tax 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 0.3 0.7 (0.2) (1.7) (0.5) (0.6) 0 0 0 0 0.0 3.6 0 0
Net Income 32.8 31.8 29.3 26.0 31.1 40.0 40.2 42.0 39.4 41.6 41.6 41.3 41.1 41.5 37.6 40.2 35.0 28.6 30.1 29.3 25.9 21.3 19.2 13.3 11.9 9.9 6.1 3.0 3.2 2.3 1.4 1.2 0.9 0.6 0.3 (0.4) (0.6) (4.2) (0.2) (4.2)
Per Share Data
EPS (Basic) 1.04 1.07 1.01 0.87 1.05 1.38 1.38 1.45 1.37 1.48 1.46 1.45 1.45 1.47 1.33 1.42 1.35 1.18 1.24 1.21 1.07 0.91 0.87 0.73 0.72 0.79 0.56 0.31 0.34 0.24 0.22 0.18 0.16 0.10 0.09 -0.13 -0.18 -1.25 -0.06 -2.80
EPS (Diluted) 1.02 1.07 0.97 0.86 1.03 1.36 1.37 1.44 1.36 1.46 1.45 1.44 1.43 1.46 1.32 1.41 1.31 1.14 1.20 1.17 1.05 0.91 0.86 0.73 0.72 0.78 0.55 0.30 0.33 0.24 0.21 0.17 0.16 0.10 0.09 -0.13 -0.18 -1.25 -0.06 -2.80
Shares Outstanding 28.0 27.9 27.9 27.9 28.3 28.3 28.3 28.3 28.1 28.0 28.0 28.0 27.9 27.9 27.9 27.9 25.6 23.9 23.9 23.9 23.9 22.8 21.6 17.5 15.8 11.9 10.9 9.7 9.7 9.4 6.6 6.6 5.9 5.9 3.4 3.4 3.3 3.4 3.4 1.5
Metric 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 2016 Q3
Current Assets
Cash & Cash Equivalents 89.1 47.6 36.7 99.7 128.0 146.2 147.1 120.8 153.5 140.2 117.0 92.6 37.7 87.1 76.9 45.4 43.1 81.1 127.3 156.3 122.1 126.0 161.1 50.2 108.3 82.2 99.9 47.4 59.2 13.1 53.0 21.2 42.1 11.8 22.2 25.8 33.4 33.0 0.0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 451.2 323.3 272.9 0 208.8 138.7 197.7 0 4.0 57.4 48.9 0 0 0 0 0 0
Net Receivables 16.8 16.8 123.0 22.8 22.8 22.8 22 22 22 22 21.6 20.9 18.4 18.0 17.7 17.7 15.5 12.9 8.9 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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
Other Current Assets (16.8) (16.8) 0 0 0 0 0 0 0 1.4 1.4 1.4 1.4 1.4 1.6 0.5 1.9 5.3 0 0 0 0 0 11.5 23.0 35.1 9.4 10.0 0 0 0 0 0 (0.5) 0 0 0 0 0.4
Total Current Assets 89.1 47.6 159.7 122.5 150.8 169.0 169.1 142.8 175.5 163.7 140.0 115.0 57.5 106.6 96.2 63.7 60.5 99.3 136.2 162.3 122.1 126.0 612.3 384.9 404.2 117.3 318.1 196.2 257.0 13.1 57.0 78.6 91.6 11.8 23.6 26.0 33.6 33.3 0.4
Non-Current Assets
Property, Plant & Equipment 0 0.5 0.6 0.7 0.8 0.9 1.1 1.2 1.3 1.4 1.5 1.6 1.6 1.7 1.8 1.9 2.0 1.1 0.8 0.9 0.9 1.0 1.0 1.1 1.1 1.2 0 0 0 0 0 0 0 0 46.6 37.9 29.9 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 6.2 6.4 6.6 7.0 7.2 7.4 7.6 7.8 8.0 8.2 8.5 8.7 8.9 9.1 9.3 9.5 9.2 9.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 2,270.5 2,288.9 9.1 5.3 5.3 5 25.3 40.1 20.0 21.9 41.9 72.7 164.0 200.9 239.7 309.4 209.9 324.9 554.4 649.4 539.3 619.3 0 0 0 119.6 0 0 0 120.4 0 0 0 0 0 0 0 0 0
Other Non-Current Assets (2,270.5) (2,288.9) 2,161.9 2,169.6 2,188.5 2,195.7 2,192.2 2,192.3 2,194.7 2,195.8 2,197.6 2,198.3 2,181.2 2,096.5 2,083.7 2,041.1 1,826.4 1,650.2 1,410.6 1,278.3 1,135.6 1,021.8 886.6 793.2 675.1 507.7 305.1 234.5 163.5 148.0 109.2 83.1 67.3 68.3 0 0 0 30.0 0
Total Non-Current Assets 6.2 6.9 2,178.2 2,182.6 2,201.8 2,209.0 2,226.2 2,241.3 2,224.0 2,227.4 2,249.4 2,281.3 2,355.7 2,308.2 2,334.5 2,362.0 2,047.6 1,985.3 1,965.9 1,928.5 1,675.8 1,642.1 887.6 794.3 676.3 628.5 305.1 234.5 163.5 268.4 109.2 83.1 67.3 68.3 46.6 37.9 29.9 30.0 0
Total Assets 2,394.0 2,370.9 2,337.9 2,305.1 2,352.6 2,378.0 2,395.3 2,384.2 2,399.5 2,391.1 2,389.4 2,396.3 2,413.2 2,414.8 2,430.7 2,425.7 2,108.1 2,084.6 2,102.1 2,090.8 1,797.9 1,768.1 1,499.8 1,179.1 1,080.5 745.9 623.1 430.7 420.4 281.5 166.2 161.7 158.9 80.0 70.1 63.9 63.5 63.3 0.4
Current Liabilities
Account Payables 15.6 13.8 19.5 15.8 21.4 20.8 24.2 16.3 22.6 21.0 26.4 29.9 42.5 40.0 48.3 37.6 52.8 54.0 70.1 65.5 68.4 41.1 31.9 26.0 42.5 28.4 13.7 12.4 4.4 4.4 5.5 2.9 0.6 1.1 6.5 0.6 0.3 0.1 0
Short-Term Debt 366.2 319.3 50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 50.1 50.3 51.2 51.6 53.4 57.2 61.1 58.8 60.2 59.4 59.1 58.5 58.7 58.7 61.5 59.9 56.8 52.8 51.2 41.8 41.7 34.2 34.3 26.2 25.2 20.6 16.2 12.2 9.7 9.0 6.9 5.1 4.6 4.2 3.0 2.8 2.5 2.5 0
Other Current Liabilities (122.7) (119.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 366.2 319.3 175.5 122.1 130.1 132.8 140.1 129.7 135.1 132.2 136.6 139.5 152.2 149.5 160.7 147.0 155.8 145.6 157.7 141.3 142.1 105.4 92.6 72.4 85.1 62.0 39.1 30.9 18.8 17.2 15.1 10.1 7.2 6.4 10.0 3.9 2.9 2.6 0.4
Non-Current Liabilities
Long-Term Debt (0.2) 74.4 290.2 289.9 289.5 297.9 297.5 297.1 296.8 300.9 300.5 300.2 299.8 301.5 301.2 300.9 303.5 326.1 431.9 431.2 137.2 136.7 136.2 135.7 135.2 134.7 134.2 133.7 133.2 0 0 0 0 0 0 0 0 0 0
Deferred Tax 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 0 0 0 0 0 0 0
Other Non-Current Liabilities 128.4 129.2 8.8 12.7 10.8 11.3 11.2 10.2 12.2 5.1 3.7 3.4 3.0 1.9 2.0 2.1 2.1 1.2 1.4 3.2 (41.7) (34.2) (34.3) (26.2) (25.2) (20.6) (16.1) (12.2) (9.7) (9.0) (6.8) (5.1) (4.6) (4.1) (2.8) (2.8) (2.5) (2.3) 0
Total Non-Current Liabilities 133.2 203.6 299.0 302.5 300.3 309.2 308.7 307.3 309.0 305.9 304.2 303.6 302.9 303.4 303.2 302.9 305.7 327.3 433.3 434.4 138.2 137.8 137.3 136.8 136.4 135.9 134.2 133.7 133.2 0 0.0 0.0 0 0.0 0.2 0 0 0.3 0
Total Liabilities 499.4 522.9 474.6 424.6 430.4 442.0 448.8 437.0 444.1 438.1 440.8 443.0 455.1 452.9 463.8 449.9 461.4 472.9 591.0 575.7 280.3 243.1 229.9 209.2 221.5 197.8 173.4 164.5 152.0 17.2 15.1 10.1 7.2 6.5 10.2 3.9 2.9 2.9 0.4
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
Retained Earnings (337.3) (313.0) (289.9) (264.4) (235.8) (211.7) (196.9) (182.3) (169.7) (156.9) (146.7) (137.2) (127.4) (117.4) (108.1) (94.8) (85.6) (75.2) (65.0) (58.8) (54.2) (48.1) (39.4) (32.3) (25.5) (19.9) (16.9) (14.2) (11.4) (10.3) (0.1) (2.0) (3.5) (4.5) (5.1) (5.4) (5.0) (4.4) (0.2)
Accumulated Other Comprehensive 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
Total Stockholders' Equity 1,894.5 1,848.0 1,863.3 1,880.4 1,922.2 1,936.1 1,946.5 1,947.2 1,955.4 1,953.0 1,948.7 1,953.2 1,958.1 1,961.9 1,966.9 1,975.8 1,646.7 1,611.7 1,511.1 1,515.2 1,517.6 1,525.0 1,270.0 970.0 859.0 548.0 449.8 266.2 268.4 264.3 151.1 151.6 151.7 73.5 60.0 60.0 60.6 60.4 0.0
Total Liabilities & Equity 2,394.0 2,370.9 2,337.9 2,305.1 2,352.6 2,378.0 2,395.3 2,384.2 2,399.5 2,391.1 2,389.4 2,396.3 2,413.2 2,414.8 2,430.7 2,425.7 2,108.1 2,084.6 2,102.1 2,090.8 1,797.9 1,768.1 1,499.8 1,179.1 1,080.5 745.9 623.1 430.7 420.4 281.5 166.2 161.7 158.9 80.0 70.1 63.9 63.5 63.3 0.4
Debt Metrics
Total Debt 366.0 393.7 340.2 289.9 289.5 297.9 297.5 297.1 296.8 300.9 300.5 300.2 299.8 301.5 301.2 300.9 303.5 326.1 431.9 431.2 138.2 137.8 137.3 136.8 136.4 135.9 134.2 133.7 133.2 0 0 0 0 0 0 0 0 0 0
Net Debt 276.9 346.1 303.6 190.2 161.5 151.6 150.4 176.3 143.3 160.6 183.5 207.6 262.2 214.4 224.2 255.4 260.4 245.0 304.6 274.9 16.1 11.7 (23.8) 86.6 28.1 53.6 34.2 86.2 74.0 (13.1) (53.0) (21.2) (42.1) (11.8) (22.2) (25.8) (33.4) (33.0) (0.0)
Metric 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 2016 Q3
Operating Activities
Net Income 31.8 31.8 29.3 26.0 31.1 39.5 40.2 42.0 39.4 41.6 41.6 41.3 41.1 41.5 37.6 40.2 35.0 28.6 30.1 31.0 25.9 21.3 19.2 13.3 11.9 9.9 6.5 3.4 3.6 2.7 1.8 1.5 0.9 0.6 0.3 (0.4) (0.6) (4.2) (0.2)
Depreciation & Amortization 18.6 18.5 18.6 18.5 18.4 18.2 17.9 17.5 17.1 17.1 16.7 16.7 16.7 16.3 15.9 15.2 13.9 12.2 10.9 9.8 8.8 8.7 7.6 6.7 4.9 3.5 2.2 1.6 1.2 0.9 0.7 0.5 0.5 0.4 0.2 0.2 0.2 0.0 0
Stock-Based Compensation 0 2.7 2.7 2.7 2.1 0 4.3 4.4 4.3 4.9 4.9 4.9 4.8 4.3 4.4 4.4 4.4 2.2 2.2 0 2.1 0.8 0.8 0.8 0.8 0.7 0.7 0.6 0.6 0.4 0.4 0.4 0.3 0.2 0.2 0.6 0.8 (0.1) 0.2
Change in Working Capital 3.2 (2.9) (5.5) 0.8 (1.3) (5.3) 2.2 (3.4) 10.4 2.3 (0.2) (0.5) 3.3 (57.8) (0.9) 2.3 6.1 0.3 7.6 4.9 5.3 3.1 5.8 3.0 2.4 6.1 1.6 4.9 (0.2) 2.8 3.0 0.1 (0.3) 2.4 (0.7) 0.5 0.3 (0.5) 0
Other Non-Cash Items 2.4 (0.2) 0.5 0.5 4.0 5.6 0.2 3.8 0.2 0.1 0.1 (0.6) (1.3) 51.0 (0.2) (0.1) 0.5 4.5 0.8 1.0 0.4 0.2 (0.0) 0.5 (0.4) (0.4) 0.5 (2.1) 0.9 (0.6) (0.1) (0.2) (0.1) 2.5 0.2 0.5 0.3 6 0
Operating Cash Flow 56.0 49.9 45.6 48.4 54.2 58.1 64.9 64.2 71.6 66.1 63.1 61.8 64.6 55.4 56.8 62.1 59.9 47.8 51.6 46.8 42.6 34.2 33.5 23.5 19.6 19.8 10.5 8.5 6.2 6.1 5.9 2.3 1.4 3.5 (0.0) 0.9 0.6 1.7 0
Investing Activities
Capital Expenditure (2.9) 0 0 0 0 (17.4) 0 0 0 0 0 0 0 (57.4) (25.1) (162.0) 0 (0.6) 0 (87.9) 0 0 0 (144.2) 0 0 (69.6) 0 0 0 0 0 0 (5.9) (0.0) 0 0 0 0
Acquisitions 0 105.2 0 0 0 0 0 0 0 0 0 0 0 57.4 25.1 162.0 0 0.6 0 0 (0.6) (0.2) 0.4 0.4 (0.8) (0.1) 0.2 0.9 (1.6) 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 (150.3) (105.2) 0 (5.3) (6.4) 0 (25.1) (20.0) (20.1) (20) (20) (51.8) (110.1) (59.7) (219.0) 0 (69.9) (60.0) (306.2) (209.9) (409.3) (279.8) (133.9) (254.8) (6.6) (132.1) 1.6 (118.5) (119.8) (4.0) (12.4) (48.8) (29.7) (3.0) 0 0 0 0
Sales/Maturities of Investments 2.6 5.3 0 0 5 20.3 15.1 5.1 22.1 40.3 51.1 112.2 90.4 150 130 120 115 299.5 155 120 290 241.5 152.5 84.5 102.5 96.8 63 60 40.5 4 57.5 4 0 0 0 0 0 0 0
Other Investing Activities 0 0.5 (4.4) (5.8) (16.9) 0 (8.7) (24.4) (16.5) (21.0) (18.7) (47.9) (101.3) (34.4) (45.1) (246.8) (196.1) (280.2) (141.3) 0 (92.5) (137.8) (93.3) 0.4 (155.2) (193.2) 0.2 (67.8) (14.2) (41.5) (25.5) (8.8) (48.8) 8.2 (0.0) (8.2) 0 (51.5) 0
Investing Cash Flow (0.3) (41.7) (109.7) (5.8) (17.2) (3.6) 6.4 (44.4) (14.4) (0.8) 12.4 44.2 (62.7) 5.5 25.2 (345.9) (81.1) (50.6) (46.3) (274.1) (13.0) (305.8) (220.2) (192.8) (308.3) (103.2) (138.2) (5.4) (93.8) (157.3) 28.0 (21.2) (48.8) (27.4) (3.0) (8.2) 0 (51.5) 0
Financing Activities
Net Debt Issuance (27.5) 52.5 50 0 (8.7) (0.6) 0 0 (4.4) 0 0 0 0 0 0 0 0 0 0 293.5 0 0 0 0 0 0 0 (0.0) 138.6 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 0 (19.8) (0.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.9) 0 0 0 0 0 0 (0.3) (0.3) 0 0
Dividends Paid (54.9) (54.8) (54.7) (55.2) (54.8) (54.8) (54.6) (52.3) (51.8) (51.1) (51.1) (51.1) (50.8) (50.8) (49.4) (46.2) (38.8) (36.3) (33.9) (32.0) (30.1) (26.3) (20.1) (17.4) (13.0) (9.2) (6.2) (4.8) (3.8) (2.7) (2.0) (2.0) (1.2) (0.5) (0.5) 0 0 0 0
Other Financing Activities (1.3) 0 (0.2) 0 (0.7) 0 (0.0) (0.1) (0.9) (0.6) 0 0 (0.6) 0 0 0 (2.4) (1.7) (0.3) 0 (3.4) 0 0 0 (2.2) 0 0 0 (0.9) 0 0 0 (0.4) 14.0 0 (0.3) (0.3) 0 0
Financing Cash Flow (14.2) 2.7 1.1 (71.0) (55.3) (55.4) (45.0) (52.4) (45.4) (42.1) (51.1) (51.1) (51.4) (50.8) (49.5) 284.7 (20.2) (38.0) (34.3) 261.5 (33.4) 236.5 286.2 99.6 302.7 91.4 179.5 (4.8) 133.9 111.2 (2.0) (2.0) 77.7 13.5 (0.5) (0.3) (0.3) 61.3 0.0
Cash Position
Net Change in Cash 41.5 10.9 (63.0) (28.3) (18.2) (0.9) 26.3 (32.7) 11.8 23.2 24.4 54.9 (49.5) 10.0 32.6 0.9 (41.4) (40.9) (29.0) 34.2 (3.9) (35.1) 99.4 (69.7) 14.0 8.0 51.8 (1.8) 46.2 (40.0) 31.8 (20.9) 30.3 (10.4) (3.6) (7.6) 0.3 33.0 0.0
Cash at Beginning 47.6 36.7 99.7 128.0 146.2 147.1 120.8 153.5 141.7 118.5 94.1 39.1 88.6 78.5 46.0 45.0 86.4 127.3 156.3 122.1 126.0 161.1 61.6 131.3 117.3 109.3 57.5 59.2 13.1 53.0 21.2 42.1 11.8 22.2 25.8 33.4 33.0 0.0 0
Cash at End 89.1 47.6 36.7 99.7 128.0 146.2 147.1 120.8 153.5 141.7 118.5 94.1 39.1 88.6 78.5 46.0 45.0 86.4 127.3 156.3 122.1 126.0 161.1 61.6 131.3 117.3 109.3 57.5 59.2 13.1 53.0 21.2 42.1 11.8 22.2 25.8 33.4 33.0 0.0
Free Cash Flow 53.1 49.9 45.6 48.4 54.2 40.6 64.9 64.2 71.6 66.1 63.1 61.8 64.6 (2.1) 31.7 (99.9) 59.9 47.2 51.6 (41.1) 42.6 34.2 33.5 (120.6) 19.6 19.8 (59.2) 8.5 6.2 6.1 5.9 2.3 1.4 (2.4) (0.0) 0.9 0.6 1.7 0
Key Metrics 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 2016 Q3 2016 Q1
Income Statement
Revenue 69.0 66.7 64.7 62.9 71.7 76.7 76.5 79.8 75.5 79.2 77.8 76.5 76.1 70.5 70.9 70.5 64.5 58.9 53.9 48.9 42.9 37.1 34.3 24.3 21.1 17.7 11.6 8.6 6.8 4.8 3.9 3.3 2.8 2.3 1.6 1.3 1.3 0.3 0 0.3
Gross Profit 24.3 21.6 56.7 56.0 64.3 69.1 69.2 72.9 68.7 72.0 71.5 70.7 70.4 67.2 68.1 68.1 62.5 57.1 52.5 48.4 42.1 36.1 31.4 23.9 20.5 17.3 11.2 8.3 6.6 4.7 3.7 3.2 2.7 2.2 1.5 1.3 1.3 0.2 0 0.2
Operating Income 32.5 32.2 29.4 28.9 34.0 42.0 42.0 42.3 42.0 44.0 43.8 43.4 43.4 44.2 41.4 44.1 39.9 38.5 36.3 32.9 27.7 22.9 20.4 14.2 12.3 10.6 6.8 4.1 3.4 1.8 1.6 1.2 0.7 0.6 0.3 (0.5) (0.6) (0.7) (0.2) (4.2)
Net Income 32.8 31.8 29.3 26.0 31.1 40.0 40.2 42.0 39.4 41.6 41.6 41.3 41.1 41.5 37.6 40.2 35.0 28.6 30.1 29.3 25.9 21.3 19.2 13.3 11.9 9.9 6.1 3.0 3.2 2.3 1.4 1.2 0.9 0.6 0.3 (0.4) (0.6) (4.2) (0.2) (4.2)
EPS (Diluted) 1.02 1.07 0.97 0.86 1.03 1.36 1.37 1.44 1.36 1.46 1.45 1.44 1.43 1.46 1.32 1.41 1.31 1.14 1.20 1.17 1.05 0.91 0.86 0.73 0.72 0.78 0.55 0.30 0.33 0.24 0.21 0.17 0.16 0.10 0.09 -0.13 -0.18 -1.25 -0.06 -2.80
Balance Sheet
Cash & Equivalents 89.1 47.6 36.7 99.7 128.0 146.2 147.1 120.8 153.5 140.2 117.0 92.6 37.7 87.1 76.9 45.4 43.1 81.1 127.3 156.3 122.1 126.0 161.1 50.2 108.3 82.2 99.9 47.4 59.2 13.1 53.0 21.2 42.1 11.8 22.2 25.8 33.4 33.0 0.0
Total Assets 2,394.0 2,370.9 2,337.9 2,305.1 2,352.6 2,378.0 2,395.3 2,384.2 2,399.5 2,391.1 2,389.4 2,396.3 2,413.2 2,414.8 2,430.7 2,425.7 2,108.1 2,084.6 2,102.1 2,090.8 1,797.9 1,768.1 1,499.8 1,179.1 1,080.5 745.9 623.1 430.7 420.4 281.5 166.2 161.7 158.9 80.0 70.1 63.9 63.5 63.3 0.4
Total Debt 366.0 393.7 340.2 289.9 289.5 297.9 297.5 297.1 296.8 300.9 300.5 300.2 299.8 301.5 301.2 300.9 303.5 326.1 431.9 431.2 138.2 137.8 137.3 136.8 136.4 135.9 134.2 133.7 133.2 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 1,894.5 1,848.0 1,863.3 1,880.4 1,922.2 1,936.1 1,946.5 1,947.2 1,955.4 1,953.0 1,948.7 1,953.2 1,958.1 1,961.9 1,966.9 1,975.8 1,646.7 1,611.7 1,511.1 1,515.2 1,517.6 1,525.0 1,270.0 970.0 859.0 548.0 449.8 266.2 268.4 264.3 151.1 151.6 151.7 73.5 60.0 60.0 60.6 60.4 0.0
Cash Flow
Operating Cash Flow 56.0 49.9 45.6 48.4 54.2 58.1 64.9 64.2 71.6 66.1 63.1 61.8 64.6 55.4 56.8 62.1 59.9 47.8 51.6 46.8 42.6 34.2 33.5 23.5 19.6 19.8 10.5 8.5 6.2 6.1 5.9 2.3 1.4 3.5 (0.0) 0.9 0.6 1.7 0
Capital Expenditure (2.9) 0 0 0 0 (17.4) 0 0 0 0 0 0 0 (57.4) (25.1) (162.0) 0 (0.6) 0 (87.9) 0 0 0 (144.2) 0 0 (69.6) 0 0 0 0 0 0 (5.9) (0.0) 0 0 0 0
Free Cash Flow 53.1 49.9 45.6 48.4 54.2 40.6 64.9 64.2 71.6 66.1 63.1 61.8 64.6 (2.1) 31.7 (99.9) 59.9 47.2 51.6 (41.1) 42.6 34.2 33.5 (120.6) 19.6 19.8 (59.2) 8.5 6.2 6.1 5.9 2.3 1.4 (2.4) (0.0) 0.9 0.6 1.7 0