JBG SMITH Properties logo JBGS - JBG SMITH Properties

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 0
HOLD 4
SELL 2
STRONG
SELL
0
| PRICE TARGET: $18.33 DETAILS
HIGH: $19.00
LOW: $18.00
MEDIAN: $18.00
CONSENSUS: $18.33
UPSIDE: 26.33%
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 Q2 2016 Q1 2015 Q4
Revenue
Revenue 127.6 127.6 123.9 126.5 120.7 130.8 136.0 135.3 145.2 147.6 149.3 152.6 153.4 150.7 147.6 145.5 162.0 157.4 157.0 154.6 165.3 148.6 151.0 145.0 158.1 164.9 167.1 160.6 155.2 163.3 158.4 159.4 163.0 156.4 152.3 118.0 116.3 122.0 123.4 116.3 116.8 119.2
Cost of Revenue 138.9 385.0 62.9 61.1 61.7 65.6 67.2 69.3 71.4 70.2 73.4 72.4 74.7 73.9 72.3 74.5 85.9 83.5 84.0 79.1 82.0 85.9 83.1 80.9 81.5 82.7 82.3 79.1 77.5 82.4 71.8 69.1 73.1 73.7 68.0 43.9 42.9 43.1 46.5 41.5 43.7 45.0
Gross Profit (11.3) (257.5) 61.0 65.4 59.0 65.2 68.9 66.0 73.8 77.4 75.9 80.2 78.7 76.8 75.3 71.0 76.1 73.9 73.0 75.5 83.3 62.8 67.9 64.1 76.6 82.2 84.7 81.5 77.7 80.9 86.6 90.3 90.0 82.6 84.3 74.2 73.4 78.9 76.8 74.8 73.0 74.2
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 0 0
SG&A Expenses 0 0 13.2 16.7 15.6 14.9 11.9 17.0 15.0 12.5 11.3 15.1 16.5 16.6 12.6 16.4 18.1 18.8 15.6 18.3 17.4 15.4 18.2 22.1 22.6 23.9 20.6 21.1 23.4 17.6 20.8 21.7 22.1 26.4 25.0 11.7 14.1 12.2 10.9 11.9 14.5 12.9
Other Expenses (3.4) (254.5) 48.2 47.6 47.6 50.0 50.0 51.3 56.9 57.3 0 0 0 56.2 50.1 49.5 58.1 58.2 56.7 56.7 64.7 64.2 56.5 52.6 48.5 50.0 (2.1) (3.0) (4.9) (15.6) (4.1) (3.8) (4.2) (12.6) (104.1) (5.2) (5.8) 0 (1.5) 0 0 0
Operating Expenses (3.4) (254.5) 61.4 64.3 63.1 64.9 61.9 68.3 71.8 69.8 11.3 15.1 16.5 72.8 62.7 65.8 76.1 77.0 72.3 75.0 82.1 79.6 74.7 74.7 71.1 73.9 67.4 67.1 72.2 85.2 67.4 69.9 71.3 78.3 69.0 43.7 47.9 47.2 42.3 44.6 48.8 47.6
Operating Income
Operating Income (7.9) (3.0) (0.4) 1.1 (4.1) 0.3 6.9 (2.3) 2.0 7.6 64.6 65.1 62.3 4.0 12.6 5.1 (0.0) (3.1) 0.7 0.5 1.2 (16.8) (6.8) (10.6) 5.5 8.3 13.4 11.0 4.1 14.1 15.1 16.7 14.4 (8.3) (88.7) 25.2 19.6 25.2 33.0 30.3 24.3 26.6
Interest Expense 35.2 54.2 34.8 31.9 31.1 (219.2) 31.2 27.8 26.2 19.8 18.9 21.4 26.8 25.7 19.9 16.9 18.5 17.6 16.1 0 15.4 19.3 0 15.0 11.4 11.8 0 12.4 16.0 18.2 17.8 17.2 19.2 14.3 0 14.6 13.5 12.7 13.0 13.5 11.6 12.0
Interest Income 0 0 0 0.7 0.5 1.5 0.5 (2.4) (3.7) 0 0 2.3 4.1 1.7 1.0 1.7 14.2 8.7 0.2 0 0.0 0.0 0 0.1 0.9 3.0 0 2.1 1.0 10.0 4.1 0.5 0.6 0.4 0 1.0 0.9 0.7 0.7 0.8 0.8 0.4
Profitability
EBITDA 57.5 38.0 47.2 58.0 26.6 13.0 52.5 48.0 41.1 44.8 62.4 64.7 61.9 58.8 49.3 211.3 77.1 12.7 74.9 69.9 60.9 31.7 47.7 27.3 106.5 100.2 61.2 58.1 54.0 81.7 91.0 68.9 63.6 43.7 (40.2) 58.3 54.4 63.8 66.2 63.7 58.2 60.1
EBIT 12.2 (3.2) (2.9) 8.6 (22.8) (38.6) 0.7 (5.0) (17.4) (14.8) 14.3 15.9 8.8 0.9 (1.5) 161.3 18.0 (47.5) 17.3 12.4 (4.4) (33.5) (9.7) (26.2) 57.3 49.3 21.5 9.1 43.0 18.4 43.3 41.6 13.5 (14.0) (88.7) 25.2 19.6 25.2 34.3 30.6 24.3 24.9
Income Before Tax (23.0) (60.6) (34.1) (23.3) (53.9) (70.0) (30.5) (32.8) (43.7) (38.6) (66.0) (11.6) (24.3) (22.2) (21.4) 144.4 (0.5) (64.3) 1.2 (3.3) (19.8) (50.7) (25.5) (41.2) 45.8 38.1 11.0 (3.3) 27.1 1.7 25.5 24.3 (5.7) (28.3) (79.0) 11.7 6.7 15.6 21.3 17.1 11.8 12.9
Income Tax Expense 0.0 (4.5) 0.9 (0.1) (0.2) 0.8 0.8 0.6 (1.5) (1.0) 0.1 0.6 0.0 (1.3) 0.2 2.9 (0.5) (1.0) 0.2 (0.0) 4.3 (0.5) (0.5) (0.9) (2.3) (0.6) 0.4 0.1 (1.2) 0.7 (0.8) 0.3 (0.9) (9.6) (1.0) 0.4 0.4 0.2 0.3 0.3 0.3 0.2
Net Income (18.7) (45.5) (28.6) (19.2) (45.7) (59.9) (27.0) (24.4) (32.3) (32.6) (58.0) (10.5) 21.2 (18.6) (19.3) 123.3 (0.0) (56.4) 0.9 (3.0) (20.7) (45.7) (22.8) (36.8) 42.9 34.4 9.4 (3.0) 24.9 0.7 22.8 20.6 (4.2) (13.9) (69.8) 11.3 6.3 15.4 21.0 16.8 11.5 12.6
Per Share Data
EPS (Basic) -0.32 -0.78 -0.48 -0.29 -0.56 -0.70 -0.32 -0.27 -0.36 -0.35 -0.58 -0.10 0.19 -0.18 -0.19 1.02 -0.00 -0.44 0.00 -0.02 -0.16 -0.35 -0.17 -0.28 0.32 0.25 0.06 -0.02 0.20 -0.01 0.19 0.17 -0.04 -0.13 -0.61 0.10 0.05 0.11 0.18 0.14 0.10 0.13
EPS (Diluted) -0.32 -0.78 -0.48 -0.29 -0.56 -0.71 -0.32 -0.27 -0.36 -0.35 -0.58 -0.10 0.19 -0.18 -0.19 1.02 -0.00 -0.44 0.00 -0.02 -0.16 -0.35 -0.17 -0.28 0.32 0.25 0.06 -0.02 0.20 -0.01 0.19 0.17 -0.04 -0.13 -0.61 0.10 0.05 0.11 0.18 0.14 0.10 0.13
Shares Outstanding 59.1 59.3 60.6 68.3 81.5 84.4 85.3 91.0 89.7 95.4 101.4 109.7 114.1 113.9 114.4 121.3 126.7 126.9 131.4 131.5 131.5 132.0 131.2 133.6 134.5 134.1 134.1 131.8 122.6 120.9 119.8 118.0 118.0 105.4 114.5 118.5 118.5 118.5 118.5 118.5 118.5 118.5
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 2016 Q1
Current Assets
Cash & Cash Equivalents 79.8 75.3 64.4 61.4 81.3 145.8 137.0 163.5 220.5 164.8 130.5 156.6 279.6 241.1 258.9 162.3 189.1 264.4 194.3 201.2 208.7 225.6 455.1 710.7 295.4 126.4 230.1 280.3 395.6 260.6 253.1 239.4 221.6 316.7 367.9 280.6 50.7 29 35.3 (75.0)
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 149.9
Net Receivables 183.7 204.7 203.7 197.1 193.5 193.6 216.0 212.7 218.3 215.5 215.2 210.7 205.5 227.1 210.2 201.1 196.7 236.8 260.1 248.8 246.6 226.4 258.8 234.1 230.8 222.7 226.4 214.4 202.3 190.0 177.6 182.7 200.5 193.0 196.2 248.4 172.9 245.0 245.2 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 32.1 20.3 16.5 0 18.2 10.0 14.5 15.4 21.9 4.1 0 0 0 0
Other Current Assets 0 28.0 23.3 (21.4) 50.3 37.4 33.2 52.6 52.6 35.7 174.0 111.2 98.8 33.0 213.0 212.8 30.1 37.7 34.9 37.5 39.8 37.7 37.6 20.4 18.6 16.1 13.6 16.4 17.9 139.0 127.1 22.2 26.8 30.2 17.5 3.7 4.7 3.3 83.6 0
Total Current Assets 263.5 317.6 311.9 237.1 325.1 387.7 409.3 428.8 491.5 429.5 519.7 478.5 583.9 518.1 716.6 592.7 434.3 557.9 521.5 500.9 510.9 532.3 800.3 977.8 558.7 380.9 502.2 531.5 632.3 589.6 576.0 454.4 463.4 555.3 603.5 536.8 300.1 277.3 282.7 75.0
Non-Current Assets
Property, Plant & Equipment 0 41.5 42.1 42.8 4,134.6 44.0 44.6 4,571.7 4,579.5 60.3 4,660.8 4,802.8 4,750.3 1.4 1.5 1.5 1.6 182.6 45.0 45.2 45.4 45.5 48.4 48.6 48.9 19.9 31.8 32.9 34.2 4,740.9 4,672.9 4,826.3 4,873.4 5,006.2 4,860.1 3,212.0 3,220.8 3,224.6 3,210.9 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 0
Intangible Assets 29.4 30.3 52.0 52.9 45.5 47 49.0 52.4 54.4 56.6 139.9 144.3 149.2 68.2 155.8 157.8 162.1 202.0 54.1 54.6 55.8 58.6 34.4 64.4 68.7 72.3 74.5 80.9 85.0 89.9 94.2 104.1 110.0 126.5 143 2.7 2.9 3.1 3.3 0
Long-Term Investments 3,858.0 150.1 135.0 125.6 139.9 124.6 131.4 170.8 178.3 289.6 320.2 332.5 334.9 320.2 380.5 414.3 461.4 481.6 486.1 497.8 455.5 461.4 463.0 464.4 543.0 543.0 320.9 319.8 321.4 322.9 361.0 368.3 368.1 261.8 285.0 45.5 50.0 49.8 93.4 0
Other Non-Current Assets (3,858.0) 3,848.6 3,876.1 (168.4) 87.5 4,417.3 4,548.0 101.5 101.7 4,682.5 25.5 25.5 16.7 4,995.6 4,641.6 4,413.5 5,256.4 4,962.1 4,902.3 4,909.7 4,951.8 4,981.7 4,931.1 4,940.5 4,920.5 4,970.2 185.2 185.3 187.8 254.1 307.0 161.9 246.9 122.1 123.4 112.9 112.4 105.9 113.0 (75.0)
Total Non-Current Assets 29.4 4,070.6 4,105.2 52.9 4,407.5 4,632.9 4,773.1 4,896.3 4,913.9 5,089.0 5,146.4 5,305.1 5,251.1 5,385.3 5,179.3 4,987.2 5,881.5 5,828.3 5,487.5 5,507.3 5,508.4 5,547.2 5,477.0 5,518.0 5,581.1 5,605.3 5,520.0 5,475.8 5,392.4 5,407.7 5,435.2 5,460.6 5,598.4 5,516.6 5,411.5 3,373.1 3,386.1 3,383.4 3,420.6 (75.0)
Total Assets 4,335.8 4,388.2 4,417.1 4,549.3 4,732.6 5,020.5 5,182.5 5,325.1 5,405.4 5,518.5 5,666.2 5,783.6 5,835.0 5,903.4 5,896.0 5,579.9 6,315.9 6,386.2 6,009.0 6,008.2 6,019.3 6,079.5 6,277.3 6,495.8 6,139.8 5,986.3 6,022.3 6,007.3 6,024.7 5,997.3 6,011.2 5,914.9 6,061.7 6,071.8 6,015.0 3,909.9 3,686.2 3,660.6 3,703.3 0
Current Liabilities
Account Payables 71.8 84.7 0 81.3 92.3 101.1 99.8 107.8 133.1 124.9 135.1 129.3 124.3 138.1 130.4 112.8 108.4 106.1 105.3 0 0 103.1 111.4 125.4 124.8 157.7 160.0 140.1 134.8 131.0 147.2 130.4 130.2 138.6 130.9 31.8 42.2 40.9 35.8 0
Short-Term Debt 230 205 160 226 162 85 90 40 0 123.6 92 62 0 0 100 0 300 300 0 0 0 0 0 500 200 200 0 0 0 0 0 0 115.8 337.5 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 (24.1) 0 0 0 0 0 0 0 0 20.3 0 0 0 0 0 0 0 0 0 0 0 0 0 (115.8) 0 0 (289.9) 0 0 0 0
Other Current Liabilities 0 0 79.4 1.0 0 0.9 0 0 0 (37.5) 9.2 0.8 0.2 0 0 0 368.0 0 0 99.3 96.0 0 0 0 0.2 0 0.1 0 0.5 68.5 45.7 0 (57.2) (303.5) 0.5 289.9 (289.6) 283.2 0 0
Total Current Liabilities 301.8 302.9 239.4 308.3 271.8 204.6 189.8 165.3 150.7 186.9 254.3 210.1 142.4 167.7 230.4 112.8 776.4 438.7 125.7 99.3 96.0 137.2 111.4 625.4 325.0 357.7 160.1 140.1 135.3 134.7 192.9 130.4 188.7 138.6 131.6 321.7 331.8 324.2 277.0 0
Non-Current Liabilities
Long-Term Debt 2,528.8 2,297.6 2,296.2 2,258.9 2,350.4 2,485.0 2,533.7 2,599.5 2,540.3 2,438.6 2,444.1 2,406.0 2,349.3 2,437.2 2,288.5 2,010.7 2,011.4 2,176.4 2,072.8 1,989.5 1,990.0 1,991.7 2,088.5 1,710.2 1,592.3 1,423.1 1,655.7 1,657.4 2,133.1 2,135.5 2,066.9 2,003.2 2,133.5 1,850.5 2,024.1 1,376.1 1,162.0 1,165.0 1,180.2 0
Deferred Tax Liabilities 0 0 4.4 3.5 0 3.9 3.3 0 0 3.3 0 0 0 4.9 5.7 6.9 4.9 5.3 6.3 6.2 6.0 2.5 3.2 3.6 4.5 5.5 6.2 5.8 6.0 6.9 6.4 7.0 7.4 8.2 22.0 3.3 0 0 0 0
Other Non-Current Liabilities 117.1 64.1 55.2 46.4 77.6 33.0 46.2 42.9 41.7 109.7 53.1 54.8 80.0 55.5 55.8 67.6 58.8 80.5 95.0 76.7 80.0 106.1 84.1 82.6 81.0 81.3 106.9 99.2 78.0 54.5 69.3 105.8 77.1 411.4 152.5 50.0 341.4 49.5 54.7 0
Total Non-Current Liabilities 2,701.1 2,416.4 2,420.9 2,375.0 2,471.6 2,583.2 2,652.1 2,688.6 2,645.8 2,639.1 2,562.4 2,526.7 2,495.8 2,540.3 2,387.3 2,122.5 2,118.3 2,486.3 2,252.6 2,191.0 2,193.5 2,205.4 2,305.0 1,930.6 1,820.6 1,629.1 1,861.4 1,850.1 2,307.6 2,317.1 2,186.5 2,165.2 2,266.8 2,349.3 2,240.6 1,426.1 1,213.8 1,214.5 1,234.9 0
Total Liabilities 2,701.1 2,719.3 2,660.3 2,683.3 2,743.4 2,787.8 2,841.9 2,853.9 2,796.5 2,825.9 2,816.7 2,736.7 2,638.2 2,708.0 2,617.7 2,235.3 2,894.8 2,925.1 2,378.3 2,290.3 2,289.5 2,342.6 2,416.5 2,556.0 2,145.6 1,986.8 2,021.5 1,990.2 2,442.8 2,451.8 2,379.3 2,295.7 2,455.5 2,487.9 2,372.2 1,747.8 1,545.6 1,538.7 1,511.9 0
Stockholders' Equity
Common Stock 0.7 0.7 0.6 0.6 0.7 0.8 0.8 0.9 0.9 0.9 1.0 1.1 1.1 1.1 1.1 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2 1.2 1.2 1.2 1.2 2,161.8 2,140.3 2,121.7 2,191.0 0
Retained Earnings (1,199.1) (1,180.4) (1,114.1) (1,074.7) (1,043.0) (997.3) (907.8) (865.8) (825.3) (777.0) (722.8) (641.8) (607.5) (628.6) (558.8) (513.7) (609.4) (609.3) (495.0) (466.2) (433.7) (412.9) (308.0) (255.2) (188.2) (231.2) (205.2) (184.4) (151.2) (176.0) (110.2) (106.0) (100.0) (95.8) (28.8) 0 0 0 0 0
Accumulated Other Comprehensive Income 2.4 (1.6) (1.1) (0.4) 6.1 15.1 (0.5) 28.8 31.4 20.0 51.7 43.5 32.0 45.6 46.9 18.6 9.9 (15.9) (25.4) (28.6) (30.8) (40.0) (44.6) (47.9) (45.9) (16.7) (25.6) (19.2) (3.5) 6.7 24.1 19.7 14.9 1.6 0 0 0 0 0 2,108.4
Total Stockholders' Equity 1,139.9 1,157.6 1,190.6 1,322.8 1,571.0 1,809.1 1,882.0 2,019.6 2,148.7 2,222.9 2,372.8 2,559.2 2,708.0 2,681.9 2,754.9 2,791.6 2,846.6 2,915.9 3,087.3 3,156.7 3,168.1 3,206.0 3,369.8 3,440.5 3,491.0 3,386.5 3,413.9 3,442.5 2,996.8 2,987.4 3,066.0 2,950.1 2,997.0 2,970.6 3,071.4 2,161.8 2,140.3 2,121.7 2,191.0 2,108.9
Total Liabilities & Equity 4,335.8 4,388.2 4,417.1 4,549.3 4,732.6 5,020.5 5,182.5 5,325.1 5,405.4 5,518.5 5,666.2 5,783.6 5,835.0 5,903.4 5,896.0 5,579.9 6,315.9 6,386.2 6,009.0 6,008.2 6,019.3 6,079.5 6,277.3 6,495.8 6,139.8 5,986.3 6,022.3 6,007.3 6,024.7 5,997.3 6,011.2 5,914.9 6,061.7 6,071.8 6,015.0 3,909.9 3,686.2 3,660.6 3,703.3 2,108.9
Debt Metrics
Total Debt 2,570.6 2,543.3 2,509.0 2,537.8 2,556.0 2,618.3 2,677.0 2,685.7 2,604.1 2,637.8 2,601.3 2,533.8 2,415.8 2,464.0 2,410.5 2,033.3 2,335.9 2,680.6 2,151.4 2,069.9 2,073.9 2,077.0 2,177.6 2,304.0 1,892.4 1,702.3 1,705.8 1,708.7 2,185.7 2,135.5 2,082.7 2,054.7 2,149.3 2,203.8 2,155.8 1,376.1 1,162.0 1,165.0 1,180.2 0
Net Debt 2,490.8 2,468.1 2,444.6 2,476.4 2,474.6 2,472.5 2,540.0 2,522.2 2,383.6 2,473.0 2,470.8 2,377.2 2,136.3 2,222.9 2,151.6 1,871.0 2,146.7 2,416.3 1,957.1 1,868.8 1,865.2 1,851.4 1,722.5 1,593.3 1,596.9 1,575.9 1,475.7 1,428.4 1,790.1 1,875.0 1,829.5 1,815.3 1,927.7 1,887.1 1,787.9 1,095.5 1,111.3 1,136.0 1,144.9 75.0
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 2016 Q2 2016 Q1
Operating Activities
Net Income (18.7) (30.7) (35.0) (23.2) (53.7) (70.8) (31.3) (33.4) (32.3) (37.7) (66.1) (12.3) 24.3 (19.8) (21.6) 141.5 (0.1) (63.3) 1.0 (3.7) (24.1) (50.2) (25.0) (40.3) 48.2 38.7 10.5 (3.3) 28.2 1.0 26.4 24.0 (4.8) (18.8) (78.0) 11.3 6.3 15.4 18.2 16.8 11.5
Depreciation & Amortization 45.3 50.6 50.1 49.4 49.4 51.6 51.8 53.0 61.2 59.6 51.5 50.2 54.6 56.2 50.8 49.9 59.2 60.1 57.5 56.7 65.3 65.2 57.4 53.4 49.2 50.9 47.8 47.1 49.9 68.7 47.6 49.1 50.2 52.9 45.1 32.4 34.2 35.5 31.8 33.1 34.7
Stock-Based Compensation 0 12.7 5.0 7.7 7.2 3.4 5.1 11.5 9.5 5.1 6.5 10.1 10.4 0 6.9 12.5 12.9 13.2 11.4 0 13.2 12.9 15.0 20.8 17.4 17.8 15.3 15.5 16.6 13.0 12.4 14.2 13.1 16.5 15.9 0.6 0.7 1.0 0 0 0
Change in Working Capital (9.9) 9.8 (11.4) (4.2) (9.0) 23.2 (2.1) (9.3) (2.3) 12.3 (28.7) (4.9) (1.2) 3.0 (24.2) (10.0) 16.0 7.2 (18.3) 2.2 9.5 (16.3) (6.4) (10.2) (14.1) 3.7 2.7 (20.5) (29.3) 4.6 (20.3) (4.3) (27.3) 1.4 (9.5) (9.5) 0.7 7.3 (38.7) (16.9) 10.1
Other Non-Cash Items (13.3) (10.1) 0.2 (10.9) 19.0 34.9 2.9 2.0 0.9 2.0 62.3 3.6 (45.5) 13.3 10.7 (155.9) (18.4) 46.0 (20.8) 6.5 2.5 29.6 1.3 19.8 (58.7) (49.8) (9.9) (8.7) (5.3) (35.0) (0.6) (1.2) (0.9) 9.1 (6.9) (1.2) (1.6) (0.3) (0.7) 0.1 1.4
Operating Cash Flow 3.4 32.4 8.9 18.8 12.9 42.2 26.4 23.8 37.0 68.5 25.5 46.8 42.6 52.6 22.7 38.1 69.6 63.2 30.9 61.6 66.5 41.2 42.3 43.6 41.9 61.3 59.9 34.9 17.9 51.5 43.1 58.9 34.7 50.8 (49.3) 33.1 39.6 57.9 10.7 33.1 57.9
Investing Activities
Capital Expenditure (23.2) 33.3 29.1 (33.3) (29.1) (46.0) (58.6) (65.5) (48.0) (92.4) (76.6) (86.4) (78.3) (107.9) (90.7) (75.4) (52.7) (64.8) (41.0) (38.9) (28.5) (62.0) (64.2) (74.2) (107.0) (146.7) (73.8) (112.3) 40.5 (81.9) 18.6 149.7 (82.5) (94.7) (61.2) (26.3) (28.5) 0 0 0 0
Acquisitions (0.8) (98.6) 0 (2.0) (1.4) (1.1) (1.2) (1.3) (2.5) (4.7) (4.2) (3.3) (16.9) (9.5) (5.5) (74.0) (7.2) (9.1) (10.7) 7.8 (1.0) (2.4) (1.5) (7.2) (3.6) (11.3) (2.9) (1.6) (2.9) (8.5) (6.5) (4.4) (12.2) (23.7) (1.4) 0.1 (0.1) (3.1) (1.9) (13.6) (6.4)
Purchases of Investments (1.2) 44.8 0 0 0 0 (6.5) 0 (2.5) 92.4 0 0 (17.3) (53.2) 0 0 0 0 0 (21.0) 0 0 0 0 0 0 0 0 0 0.7 0 (0.6) (0.0) 1.3 (2.1) 0 0 0 0 0 0
Sales/Maturities of Investments 46.6 (195.4) 0 2.4 2.5 (5.1) 2.1 1.5 12.4 1.5 0.5 0 69.0 5.8 0 1.2 17.8 0 0 14.4 0 0 0 0 0 0 0 0 0 (0.7) 0 0 0 6.9 0 0 0 0 0 0 0
Other Investing Activities 1.9 47.2 126.4 142.4 189.2 113.9 84.6 3.6 164.3 28.3 92.5 (19.1) 16.9 0 (14.7) 966.4 9.2 (198.1) 25.3 0 0 (45.6) (25.3) 70.8 154.5 62.8 (76.7) 1.0 6.6 67.8 25.5 144.6 1.4 14.3 209.6 (0.4) (1.5) (49.6) (57.2) (73.0) (51.8)
Investing Cash Flow 23.2 (139.6) 126.4 109.4 161.3 61.7 20.4 (61.6) 123.6 25.1 12.3 (108.8) (26.7) (164.9) (110.9) 818.3 (33.0) (272.0) (26.3) (37.7) (29.5) (110.0) (91.0) (10.6) 43.9 (95.2) (76.7) (112.9) 44.2 (22.6) 37.6 144.6 (93.3) (95.9) 144.8 (26.5) (30.1) (52.7) (59.1) (86.6) (58.2)
Financing Activities
Net Debt Issuance 24.8 150.1 (60.2) (24.0) (65.8) (42.0) (11.1) 97.2 (31.2) 25.8 64.2 115.8 89.4 (56.6) 282.8 (466.0) (1.2) 383.9 83.9 (1.1) (2.2) (97.7) (117.5) 417.6 170.1 (34.0) (2.2) (477.6) (3.1) 28.7 69.5 (159.1) 0.3 43.9 (147.4) 216.7 0.7 25.0 6.5 14.7 8.9
Stock Repurchased (25.4) (7.9) (62.9) (225.3) (147.6) (2.4) (52.0) (66.9) (49.4) (61.5) (118.0) (135.7) (20.1) 0 (64.0) (205.9) (91.1) (75.4) (63.1) 0 (19.2) (30.3) (33.2) (0.0) (41.2) 0 0 0 0 0.6 0 0 0 0 0 0 0 (33.0) 0 0 0
Dividends Paid (10.4) (10.4) (10.8) (12.4) (14.8) (14.8) (15.0) (16.1) (16.1) (21.5) (23.0) (23.8) (25.7) (25.6) (25.7) (27.7) (28.7) (29.2) (29.7) (29.6) (29.6) (29.7) (30.0) (30.1) (30.2) (30.2) (30.2) (30.2) (39.3) (27.2) (27.1) (26.5) (26.5) (26.5) 0 0 0 (3.8) 0 0 (41.1)
Other Financing Activities (4.3) (9.3) (4.6) 103.9 (8.9) (31.7) (4.5) (30.7) (4.1) (4.7) 5.0 (13.3) (11.8) (4.0) (8.1) (0.9) 1.5 2.4 (5.2) (3.9) (0.7) (2.9) (8.8) (3.4) (13.1) (2.4) (3.8) (4.4) (5.8) (11.7) (4.5) (4.7) (5.2) (4.9) 139.1 6.7 11.6 (36.5) 31.4 42.6 0
Financing Cash Flow (15.1) 122.7 (138.5) (157.6) (237.1) (90.9) (82.6) (16.5) (100.8) (61.9) (71.8) (57.0) 31.9 (85.6) 184.9 (700.4) (119.5) 281.7 (14.1) (33.8) (51.8) (160.5) (189.6) 384.0 85.7 (67.3) (36.2) (38.7) (48.2) (9.7) 37.8 (190.2) (31.5) 12.5 (8.3) 223.4 12.2 (11.5) 37.4 57.3 (32.2)
Cash Position
Net Change in Cash 11.6 15.5 (3.2) (29.4) (62.9) 13.0 (35.8) (54.4) 59.8 31.7 (34.1) (119.0) 47.8 (197.8) 96.8 155.9 (82.9) 72.9 (9.5) (9.9) (14.8) (229.4) (238.3) 417.0 171.5 (101.2) (53.1) (116.7) 13.9 19.3 118.5 13.3 (90.1) (29.3) 87.3 229.9 21.7 (6.3) (11.0) 3.8 (32.5)
Cash at Beginning 103.3 87.8 91.0 120.3 183.2 170.1 205.9 260.3 200.4 168.8 202.8 321.9 274.1 471.9 375.1 219.2 302.1 229.2 238.7 248.5 263.3 492.7 731.0 314.0 142.5 243.7 296.8 413.5 399.5 380.2 261.7 248.4 338.6 367.9 280.6 50.7 29 35.3 46.3 42.4 75.0
Cash at End 114.9 103.3 87.8 91.0 120.3 183.2 170.1 205.9 260.3 200.4 168.8 202.8 321.9 274.1 471.9 375.1 219.2 302.1 229.2 238.7 248.5 263.3 492.7 731.0 314.0 142.5 243.7 296.8 413.5 399.5 380.2 261.7 248.4 338.6 367.9 280.6 50.7 29 35.3 46.3 42.4
Free Cash Flow (19.8) 65.7 38.0 (14.5) (16.2) (3.8) (32.2) (41.7) (10.9) (23.9) (51.1) (39.6) (35.7) (55.3) (68.0) (37.4) 16.9 (1.6) (10.1) 22.7 38.0 (20.9) (21.9) (30.6) (65.1) (85.3) (14.0) (77.5) 58.4 (30.3) 61.7 208.5 (47.8) (43.9) (110.4) 6.8 11.1 57.9 10.7 33.1 57.9
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 Q2 2016 Q1 2015 Q4
Income Statement
Revenue 127.6 127.6 123.9 126.5 120.7 130.8 136.0 135.3 145.2 147.6 149.3 152.6 153.4 150.7 147.6 145.5 162.0 157.4 157.0 154.6 165.3 148.6 151.0 145.0 158.1 164.9 167.1 160.6 155.2 163.3 158.4 159.4 163.0 156.4 152.3 118.0 116.3 122.0 123.4 116.3 116.8 119.2
Gross Profit (11.3) (257.5) 61.0 65.4 59.0 65.2 68.9 66.0 73.8 77.4 75.9 80.2 78.7 76.8 75.3 71.0 76.1 73.9 73.0 75.5 83.3 62.8 67.9 64.1 76.6 82.2 84.7 81.5 77.7 80.9 86.6 90.3 90.0 82.6 84.3 74.2 73.4 78.9 76.8 74.8 73.0 74.2
Operating Income (7.9) (3.0) (0.4) 1.1 (4.1) 0.3 6.9 (2.3) 2.0 7.6 64.6 65.1 62.3 4.0 12.6 5.1 (0.0) (3.1) 0.7 0.5 1.2 (16.8) (6.8) (10.6) 5.5 8.3 13.4 11.0 4.1 14.1 15.1 16.7 14.4 (8.3) (88.7) 25.2 19.6 25.2 33.0 30.3 24.3 26.6
Net Income (18.7) (45.5) (28.6) (19.2) (45.7) (59.9) (27.0) (24.4) (32.3) (32.6) (58.0) (10.5) 21.2 (18.6) (19.3) 123.3 (0.0) (56.4) 0.9 (3.0) (20.7) (45.7) (22.8) (36.8) 42.9 34.4 9.4 (3.0) 24.9 0.7 22.8 20.6 (4.2) (13.9) (69.8) 11.3 6.3 15.4 21.0 16.8 11.5 12.6
EPS (Diluted) -0.32 -0.78 -0.48 -0.29 -0.56 -0.71 -0.32 -0.27 -0.36 -0.35 -0.58 -0.10 0.19 -0.18 -0.19 1.02 -0.00 -0.44 0.00 -0.02 -0.16 -0.35 -0.17 -0.28 0.32 0.25 0.06 -0.02 0.20 -0.01 0.19 0.17 -0.04 -0.13 -0.61 0.10 0.05 0.11 0.18 0.14 0.10 0.13
Balance Sheet
Cash & Equivalents 79.8 75.3 64.4 61.4 81.3 145.8 137.0 163.5 220.5 164.8 130.5 156.6 279.6 241.1 258.9 162.3 189.1 264.4 194.3 201.2 208.7 225.6 455.1 710.7 295.4 126.4 230.1 280.3 395.6 260.6 253.1 239.4 221.6 316.7 367.9 280.6 50.7 29 35.3 (75.0)
Total Assets 4,335.8 4,388.2 4,417.1 4,549.3 4,732.6 5,020.5 5,182.5 5,325.1 5,405.4 5,518.5 5,666.2 5,783.6 5,835.0 5,903.4 5,896.0 5,579.9 6,315.9 6,386.2 6,009.0 6,008.2 6,019.3 6,079.5 6,277.3 6,495.8 6,139.8 5,986.3 6,022.3 6,007.3 6,024.7 5,997.3 6,011.2 5,914.9 6,061.7 6,071.8 6,015.0 3,909.9 3,686.2 3,660.6 3,703.3 0
Total Debt 2,570.6 2,543.3 2,509.0 2,537.8 2,556.0 2,618.3 2,677.0 2,685.7 2,604.1 2,637.8 2,601.3 2,533.8 2,415.8 2,464.0 2,410.5 2,033.3 2,335.9 2,680.6 2,151.4 2,069.9 2,073.9 2,077.0 2,177.6 2,304.0 1,892.4 1,702.3 1,705.8 1,708.7 2,185.7 2,135.5 2,082.7 2,054.7 2,149.3 2,203.8 2,155.8 1,376.1 1,162.0 1,165.0 1,180.2 0
Stockholders' Equity 1,139.9 1,157.6 1,190.6 1,322.8 1,571.0 1,809.1 1,882.0 2,019.6 2,148.7 2,222.9 2,372.8 2,559.2 2,708.0 2,681.9 2,754.9 2,791.6 2,846.6 2,915.9 3,087.3 3,156.7 3,168.1 3,206.0 3,369.8 3,440.5 3,491.0 3,386.5 3,413.9 3,442.5 2,996.8 2,987.4 3,066.0 2,950.1 2,997.0 2,970.6 3,071.4 2,161.8 2,140.3 2,121.7 2,191.0 2,108.9
Cash Flow
Operating Cash Flow 3.4 32.4 8.9 18.8 12.9 42.2 26.4 23.8 37.0 68.5 25.5 46.8 42.6 52.6 22.7 38.1 69.6 63.2 30.9 61.6 66.5 41.2 42.3 43.6 41.9 61.3 59.9 34.9 17.9 51.5 43.1 58.9 34.7 50.8 (49.3) 33.1 39.6 57.9 10.7 33.1 57.9
Capital Expenditure (23.2) 33.3 29.1 (33.3) (29.1) (46.0) (58.6) (65.5) (48.0) (92.4) (76.6) (86.4) (78.3) (107.9) (90.7) (75.4) (52.7) (64.8) (41.0) (38.9) (28.5) (62.0) (64.2) (74.2) (107.0) (146.7) (73.8) (112.3) 40.5 (81.9) 18.6 149.7 (82.5) (94.7) (61.2) (26.3) (28.5) 0 0 0 0
Free Cash Flow (19.8) 65.7 38.0 (14.5) (16.2) (3.8) (32.2) (41.7) (10.9) (23.9) (51.1) (39.6) (35.7) (55.3) (68.0) (37.4) 16.9 (1.6) (10.1) 22.7 38.0 (20.9) (21.9) (30.6) (65.1) (85.3) (14.0) (77.5) 58.4 (30.3) 61.7 208.5 (47.8) (43.9) (110.4) 6.8 11.1 57.9 10.7 33.1 57.9