JPMorgan Chase & Co. logo JPM - JPMorgan Chase & Co.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 31
HOLD 27
SELL 2
STRONG
SELL 0
| PRICE TARGET: $338.78 DETAILS
HIGH: $391.00
LOW: $295.00
MEDIAN: $332.00
CONSENSUS: $338.78
UPSIDE: 10.58%
Annual Quarterly
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 279,745 270,789 236,273 153,824 127,238 129,843 142,515 129,824 114,579 106,387 101,006 103,009 106,717 108,074 110,838 115,475 115,632 101,491 116,353 99,864 79,768 56,305 44,363 43,372 50,429 60,065 51,852 32,379 30,406 27,444 26,368 12,685 12,427
Cost of Revenue 112,138 112,004 90,603 32,432 (3,667) 27,372 32,380 25,912 19,164 15,179 11,290 11,036 9,575 14,428 21,178 29,420 47,213 55,218 51,845 41,135 29,003 16,477 12,647 18,089 24,564 28,508 22,368 15,066 14,402 12,466 12,166 4,964 5,026
Gross Profit 167,607 158,785 145,670 121,392 130,905 102,471 110,135 103,912 95,415 91,208 89,716 91,973 97,142 93,646 89,660 86,055 68,419 46,273 64,508 58,729 50,765 39,828 31,716 25,283 25,865 31,557 29,484 17,313 16,004 14,978 14,202 7,721 7,401
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 60,018 56,331 51,056 45,547 41,603 37,464 37,506 36,161 34,108 33,100 32,458 32,710 33,310 33,162 32,180 30,570 28,705 24,659 24,759 23,400 19,982 15,626 12,405 11,382 12,545 13,343 11,037 5,879 5,437 5,158 5,107 2,644 2,466
Other Expenses 34,994 27,373 33,002 29,679 29,740 29,192 27,763 26,987 25,407 23,572 26,556 28,564 37,157 31,567 30,731 30,626 23,647 18,841 16,944 15,443 18,944 18,346 9,283 11,382 10,754 9,481 6,958 5,504 4,657 6,009 4,283 2,865 2,827
Operating Expenses 95,012 83,704 84,058 75,226 71,343 66,656 65,269 63,148 59,515 56,672 59,014 61,274 70,467 64,729 62,911 61,196 52,352 43,500 41,703 38,843 38,926 33,972 21,688 22,764 23,299 22,824 17,995 11,383 10,094 11,167 9,390 5,509 5,293
Operating Income
Operating Income 72,595 75,081 61,612 46,166 59,562 35,815 44,866 40,764 35,900 34,536 30,702 30,699 26,675 28,917 26,749 24,859 16,067 2,773 22,805 19,886 11,839 5,856 10,028 2,519 2,566 8,733 11,489 5,930 5,910 3,811 4,812 2,212 2,108
Interest Expense 97,898 101,350 81,321 26,097 5,553 9,960 26,795 21,041 13,874 9,818 7,463 7,897 9,350 11,043 13,604 12,781 15,198 34,239 44,981 37,865 25,520 13,933 11,107 13,758 21,379 27,131 20,922 13,723 13,598 11,569 11,408 4,414 3,767
Interest Income 193,341 193,933 170,588 92,807 57,864 64,523 84,040 76,100 63,971 55,901 50,973 51,531 52,669 55,953 61,293 63,782 66,350 73,018 71,387 59,107 45,075 30,460 23,444 25,936 32,181 36,643 31,207 22,289 21,851 19,900 19,531 9,088 8,403
Profitability
EBITDA 81,416 83,019 69,124 53,217 67,494 44,429 53,234 48,555 42,079 40,014 35,642 35,458 31,981 34,064 31,854 29,824 20,425 7,301 26,626 23,463 16,157 9,691 13,129 5,945 5,457 11,278 13,434 7,100 6,861 4,680 5,678 2,589 2,441
EBIT 72,595 75,081 61,612 46,166 59,562 35,815 44,866 40,764 35,900 34,536 30,702 30,699 26,675 28,917 26,749 24,859 16,067 2,773 22,805 19,886 11,839 5,856 10,028 2,519 2,566 8,733 11,489 5,930 5,910 3,811 4,812 2,212 2,108
Income Before Tax 72,595 75,081 61,612 46,166 59,562 35,815 44,866 40,764 35,900 34,536 30,702 30,699 26,675 28,917 26,749 24,859 16,067 2,773 22,805 19,886 11,839 5,856 10,028 2,519 2,566 8,733 11,489 5,930 5,910 3,811 4,812 2,212 2,108
Income Tax Expense 15,547 16,610 12,060 8,490 11,228 6,684 8,435 8,290 11,459 9,803 6,260 8,954 8,789 7,633 7,773 7,489 4,415 (926) 7,440 6,237 3,585 1,596 3,309 856 847 3,006 3,988 2,148 2,202 1,350 1,842 918 539
Net Income 57,048 58,471 49,552 37,676 48,334 29,131 36,431 32,474 24,441 24,733 24,442 21,745 17,886 20,530 18,197 16,406 10,025 5,605 15,365 14,444 8,483 4,466 6,719 1,663 1,694 5,727 7,501 3,782 3,708 2,461 2,959 1,294 1,604
Per Share Data
EPS (Basic) 20.09 19.79 16.25 12.10 15.39 8.89 10.75 9.04 6.35 6.24 6.05 5.33 4.38 5.22 4.50 3.98 2.27 1.41 4.38 4.16 2.43 1.59 3.32 0.81 0.83 2.99 6.12 2.90 2.77 1.71 2.11 1.55 1.92
EPS (Diluted) 20.05 19.75 16.23 12.09 15.36 8.88 10.72 9.00 6.31 6.19 6.00 5.29 4.34 5.20 4.48 3.96 2.26 1.37 4.33 4.04 2.38 1.55 3.24 0.80 0.80 2.86 6.01 2.83 2.67 1.65 2.02 1.55 1.92
Shares Outstanding 2,788.7 2,873.9 2,938.6 2,965.8 3,021.5 3,082.4 3,221.5 3,396.4 3,576.4 3,618.5 3,707.8 3,795.3 3,814.9 3,822.2 3,900.4 3,956.3 3,862.8 3,501.1 3,404 3,470 3,492 2,780 2,009 1,984 1,972.4 1,884.1 1,226.2 1,269.2 1,273.8 1,311.1 801.8 747.9 753.6
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 343,338 469,317 624,151 567,234 740,834 527,609 263,631 278,793 431,304 389,635 89,436 165,034 56,848 30,443 28,160 35,343 32,305 44,305 24,280 18,590 22,949 11,743 14,481 12,882
Short-Term Investments 1,136,409 898,404 604,098 556,811 621,122 355,951 340,374 230,394 202,225 238,891 360,365 205,909 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 397,790 320,769 307,799 310,558 308,641 90,503 72,861 73,200 67,729 52,330 67,427 60,987 53,131 12,356 14,137 14,799 20,618 2,505 2,316 3,359 3,020 1,328 1,190 1,106
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
Other Current Assets 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 Assets 1,877,537 1,688,490 1,536,048 1,434,603 1,670,597 974,063 676,866 582,387 701,258 680,856 517,228 431,930 109,979 42,799 42,297 50,142 52,923 46,810 26,596 21,949 25,969 13,071 15,671 13,988
Non-Current Assets
Property, Plant & Equipment 36,244 32,223 30,157 27,734 27,070 27,109 25,813 14,934 14,159 14,131 11,118 10,045 9,145 6,487 6,829 6,292 7,087 4,439 4,055 3,780 3,642 2,038 2,134 1,910
Goodwill 52,731 52,565 52,634 51,662 50,315 49,248 47,823 47,471 47,507 47,288 48,357 48,027 43,203 8,511 8,096 0 0 0 0 0 0 0 0 0
Intangible Assets 11,727 11,995 11,747 9,197 6,376 4,180 5,518 6,878 6,885 6,958 20,152 14,984 14,684 6,480 307 14,799 20,618 0 0 0 0 0 0 0
Long-Term Investments 1,737,798 1,598,111 1,671,134 1,541,226 1,425,035 1,186,346 1,032,037 1,002,543 1,021,349 996,909 601,883 721,769 544,470 324,323 337,848 318,457 318,451 234,215 233,692 217,568 200,089 114,549 103,284 101,329
Other Non-Current Assets 708,863 619,430 573,673 601,321 564,174 1,143,811 899,322 968,319 742,442 744,830 833,251 948,297 435,767 382,312 358,924 303,337 321,054 120,641 101,532 122,224 106,399 53,268 50,334 32,661
Total Non-Current Assets 2,547,363 2,314,324 2,339,345 2,231,140 2,072,970 2,410,694 2,010,513 2,040,145 1,832,342 1,810,116 1,514,761 1,743,122 1,047,269 728,113 716,503 643,433 662,425 359,295 339,279 343,572 310,130 169,855 155,752 135,900
Total Assets 4,424,900 4,002,814 3,875,393 3,665,743 3,743,567 3,384,757 2,687,379 2,622,532 2,533,600 2,490,972 2,031,989 2,175,052 1,157,248 770,912 758,800 693,575 715,348 406,105 365,875 365,521 336,099 182,926 171,423 149,888
Current Liabilities
Account Payables 186,658 153,153 161,960 188,692 169,172 140,291 118,375 114,794 102,727 109,842 162,696 187,978 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 508,408 349,728 261,247 246,640 247,934 260,417 224,595 251,596 210,718 200,109 303,207 241,583 149,431 136,675 195,020 157,790 176,429 63,802 56,659 67,731 67,599 34,913 34,941 24,765
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 2,729,010 2,559,254 2,540,269 2,467,014 2,576,880 2,243,815 1,638,000 1,573,670 1,529,868 1,462,607 1,003,313 1,054,551 521,456 326,491 304,753 293,650 279,365 241,745 212,437 193,688 180,921 98,417 96,506 98,277
Total Current Liabilities 3,584,541 3,214,915 3,119,470 3,053,636 3,127,885 2,798,440 2,110,310 2,057,945 1,962,846 1,898,690 1,529,341 1,605,716 746,609 508,232 538,213 499,253 496,548 322,603 283,387 273,945 260,829 138,222 133,808 125,649
Non-Current Liabilities
Long-Term Debt 433,970 401,418 391,825 295,865 301,005 281,685 291,498 282,031 284,080 295,245 322,058 391,891 105,718 54,782 45,190 43,622 43,299 20,140 18,375 15,127 13,314 7,329 7,991 8,192
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
Other Non-Current Liabilities 43,951 41,723 36,220 23,910 20,550 25,278 24,241 26,041 30,981 42,847 15,225 10,561 151,207 149,449 133,091 109,051 128,674 39,195 39,725 54,157 40,412 25,463 18,912 4,883
Total Non-Current Liabilities 477,921 443,141 428,045 319,775 321,555 306,963 315,739 308,072 315,061 338,092 337,283 402,452 256,925 204,231 178,281 152,673 171,973 59,335 58,100 69,284 53,726 32,792 26,903 13,075
Total Liabilities 4,062,462 3,658,056 3,547,515 3,373,411 3,449,440 3,105,403 2,426,049 2,366,017 2,277,907 2,236,782 1,866,624 2,008,168 1,003,534 712,463 716,494 651,926 668,521 381,938 341,487 343,229 314,555 171,014 160,711 138,724
Stockholders' Equity
Common Stock 4,105 4,105 4,105 4,105 4,105 4,105 4,105 4,105 4,105 4,105 4,105 3,942 3,585 2,044 2,024 1,997 1,940 882 0 0 0 0 0 0
Retained Earnings 416,055 376,166 332,901 296,456 272,268 236,990 223,211 199,202 177,676 162,440 62,481 54,013 30,209 29,681 25,851 26,993 28,096 17,547 13,544 11,086 8,627 4,493 3,263 2,501
Accumulated Other Comprehensive Income (4,290) (12,456) (10,443) (17,341) (84) 7,986 1,569 (1,507) (119) (1,175) (91) (5,687) (208) (30) 1,227 (442) (241) (1,454) 392 112 (288) 0 0 0
Total Stockholders' Equity 362,438 344,758 327,878 292,332 294,127 279,354 261,330 256,515 255,693 254,190 165,365 166,884 105,653 46,154 42,306 41,099 42,888 23,617 23,838 21,742 20,994 11,912 10,712 11,164
Total Liabilities & Equity 4,424,900 4,002,814 3,875,393 3,665,743 3,743,567 3,384,757 2,687,379 2,622,532 2,533,600 2,490,972 2,031,989 2,185,613 1,157,248 770,912 758,800 693,575 715,348 406,105 365,875 365,521 336,099 182,926 171,423 149,888
Debt Metrics
Total Debt 942,378 751,146 653,072 542,505 548,939 542,102 516,093 533,627 494,798 495,354 625,265 633,474 255,149 191,457 240,210 201,412 219,728 83,942 75,034 82,858 80,913 42,242 42,932 32,957
Net Debt 599,040 281,829 28,921 (24,729) (191,895) 14,493 252,462 254,834 63,494 105,719 535,829 468,440 198,301 161,014 212,050 166,069 187,423 39,637 50,754 64,268 57,964 30,499 28,451 20,075
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 56,780 58,471 49,552 37,676 48,334 29,131 36,431 32,474 24,441 24,733 8,483 4,466 6,719 1,663 1,694 5,727 7,501 3,782 3,708 2,461 2,970 1,294 1,569
Depreciation & Amortization 8,821 7,938 7,512 7,051 7,932 8,614 8,368 7,791 6,179 5,478 4,318 3,835 3,101 3,426 2,891 2,545 1,945 1,170 951 869 866 377 333
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 1,563 1,296 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 13,866 (114,220) (56,168) 32,686 35,901 (145,312) (53,917) (23,636) (57,630) (17,400) (38,763) (30,457) 3,173 (36,896) (14,764) (22,116) (11,621) (2,770) 164 (6,079) (4,219) (945) (10,511)
Other Non-Cash Items 15,789 3,795 16,612 32,444 (17,831) 31,230 11,940 (2,736) 13,871 0 (4,046) 6,540 180 5,037 7,072 168 2,225 1,410 638 1,766 27 1,624 123
Operating Cash Flow 100,867 (42,012) 12,974 107,119 78,084 (79,910) 4,092 15,614 (10,827) 21,884 (30,236) (15,147) 14,601 (25,134) (3,107) (13,676) 50 3,592 5,461 (983) (356) 2,350 (8,486)
Investing Activities
Capital Expenditure 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (981) (5,153) 0 0 0 0
Acquisitions 0 (2,362) (9,920) 0 0 0 0 0 0 0 (1,039) 13,864 (669) (72) (1,677) (2,195) (3,142) 0 0 0 0 0 0
Purchases of Investments (578,577) (357,421) (119,640) (159,934) (360,541) (409,545) (255,576) (104,459) (107,658) (124,102) (81,749) (173,745) (312,913) (246,669) (182,922) (119,658) (124,937) (201,713) (115,652) (73,586) (70,363) (29,132) (8,868)
Sales/Maturities of Investments 233,500 242,487 215,234 172,401 263,720 228,793 125,804 86,413 150,881 120,760 113,988 179,731 326,286 224,564 200,274 114,130 136,158 199,913 106,254 53,764 65,789 24,870 5,120
Other Investing Activities (169,137) (46,107) (18,031) (150,286) (32,523) (81,160) 77,713 (181,374) (14,974) (85,860) (44,144) (49,650) (286) (1,167) (3,357) 6,737 (28,577) (11,779) (4,109) (6,288) 0 (2,848) 4,178
Investing Cash Flow (514,214) (163,403) 67,643 (137,819) (129,344) (261,912) (52,059) (199,420) 28,249 (89,202) (12,944) (29,734) 12,418 (23,344) 12,318 (986) (20,498) (14,560) (18,660) (26,110) (11,812) (7,110) 430
Financing Activities
Net Debt Issuance 166,996 20,749 8,603 23,902 35,250 (21,931) (37,086) 13,825 (10,268) 11,660 19,456 4,962 (46,583) 36,149 (22,227) 31,241 7,275 (4,024) 5,654 18,268 7,286 8,991 4,499
Stock Repurchased (34,591) (28,680) (9,824) (10,596) (20,983) (7,947) (28,076) (21,679) (16,668) (9,082) (3,612) (1,408) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (16,625) (14,783) (13,463) (13,562) (12,858) (12,690) (12,343) (10,109) (8,993) (8,476) (4,878) (3,927) (2,865) (2,784) (2,697) (2,282) (2,133) (1,278) (1,212) (1,188) (978) (521) (480)
Other Financing Activities 150,753 83,661 (10,887) (126,001) 267,234 634,713 105,492 50,425 49,313 104,169 33,421 59,121 21,984 11,103 14,194 (8,135) 19,517 18,397 12,367 9,793 7,840 (1,147) 2,038
Financing Cash Flow 269,533 63,447 (25,571) (126,257) 275,993 596,645 32,987 34,158 14,642 98,271 45,069 59,596 (26,251) 44,643 (10,683) 20,052 20,821 12,324 14,281 26,894 13,424 6,774 6,038
Cash Position
Net Change in Cash (125,979) (154,834) 56,917 (173,600) 213,225 263,978 (15,162) (152,511) 40,150 29,471 1,502 14,900 1,050 (3,382) (1,372) 5,280 421 1,364 1,099 (14,794) (13,545) (6,852) (8,846)
Cash at Beginning 469,317 624,151 567,234 740,834 527,609 263,631 278,793 431,304 391,154 361,683 35,168 20,268 19,218 22,600 23,972 18,692 18,271 15,704 14,605 9,077 8,832 6,852 8,846
Cash at End 343,338 469,317 624,151 567,234 740,834 527,609 263,631 278,793 431,304 391,154 36,670 35,168 20,268 19,218 22,600 23,972 18,692 17,068 15,704 876 1,959 752 (483)
Free Cash Flow 100,867 (42,012) 12,974 107,119 78,084 (79,910) 4,092 15,614 (10,827) 21,884 (30,236) (15,147) 14,601 (25,134) (3,107) (13,676) 50 2,611 308 (983) (356) 2,350 (8,486)
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 279,745 270,789 236,273 153,824 127,238 129,843 142,515 129,824 114,579 106,387 101,006 103,009 106,717 108,074 110,838 115,475 115,632 101,491 116,353 99,864 79,768 56,305 44,363 43,372 50,429 60,065 51,852 32,379 30,406 27,444 26,368 12,685 12,427
Gross Profit 167,607 158,785 145,670 121,392 130,905 102,471 110,135 103,912 95,415 91,208 89,716 91,973 97,142 93,646 89,660 86,055 68,419 46,273 64,508 58,729 50,765 39,828 31,716 25,283 25,865 31,557 29,484 17,313 16,004 14,978 14,202 7,721 7,401
Operating Income 72,595 75,081 61,612 46,166 59,562 35,815 44,866 40,764 35,900 34,536 30,702 30,699 26,675 28,917 26,749 24,859 16,067 2,773 22,805 19,886 11,839 5,856 10,028 2,519 2,566 8,733 11,489 5,930 5,910 3,811 4,812 2,212 2,108
Net Income 57,048 58,471 49,552 37,676 48,334 29,131 36,431 32,474 24,441 24,733 24,442 21,745 17,886 20,530 18,197 16,406 10,025 5,605 15,365 14,444 8,483 4,466 6,719 1,663 1,694 5,727 7,501 3,782 3,708 2,461 2,959 1,294 1,604
EPS (Diluted) 20.05 19.75 16.23 12.09 15.36 8.88 10.72 9.00 6.31 6.19 6.00 5.29 4.34 5.20 4.48 3.96 2.26 1.37 4.33 4.04 2.38 1.55 3.24 0.80 0.80 2.86 6.01 2.83 2.67 1.65 2.02 1.55 1.92
Balance Sheet
Cash & Equivalents 343,338 469,317 624,151 567,234 740,834 527,609 263,631 278,793 431,304 389,635 89,436 165,034 56,848 30,443 28,160 35,343 32,305 44,305 24,280 18,590 22,949 11,743 14,481 12,882
Total Assets 4,424,900 4,002,814 3,875,393 3,665,743 3,743,567 3,384,757 2,687,379 2,622,532 2,533,600 2,490,972 2,031,989 2,175,052 1,157,248 770,912 758,800 693,575 715,348 406,105 365,875 365,521 336,099 182,926 171,423 149,888
Total Debt 942,378 751,146 653,072 542,505 548,939 542,102 516,093 533,627 494,798 495,354 625,265 633,474 255,149 191,457 240,210 201,412 219,728 83,942 75,034 82,858 80,913 42,242 42,932 32,957
Stockholders' Equity 362,438 344,758 327,878 292,332 294,127 279,354 261,330 256,515 255,693 254,190 165,365 166,884 105,653 46,154 42,306 41,099 42,888 23,617 23,838 21,742 20,994 11,912 10,712 11,164
Cash Flow
Operating Cash Flow 100,867 (42,012) 12,974 107,119 78,084 (79,910) 4,092 15,614 (10,827) 21,884 (30,236) (15,147) 14,601 (25,134) (3,107) (13,676) 50 3,592 5,461 (983) (356) 2,350 (8,486)
Capital Expenditure 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (981) (5,153) 0 0 0 0
Free Cash Flow 100,867 (42,012) 12,974 107,119 78,084 (79,910) 4,092 15,614 (10,827) 21,884 (30,236) (15,147) 14,601 (25,134) (3,107) (13,676) 50 2,611 308 (983) (356) 2,350 (8,486)