KKR Real Estate Finance Trust Inc. logo KREF - KKR Real Estate Finance Trust Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 6
HOLD 6
SELL 0
STRONG
SELL
0
| PRICE TARGET: $7.00 DETAILS
HIGH: $7.00
LOW: $7.00
MEDIAN: $7.00
CONSENSUS: $7.00
UPSIDE: 8.02%
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 101.7 107.5 113.9 118.5 118.0 128.4 150.0 155.9 158.4 168.8 167.8 166.1 157.5 147.5 117.6 93.7 77.8 78.2 75.5 67.2 64.8 63.3 67.8 67.4 71.4 72.9 75.2 64.2 65.7 59.8 52.4 54.0 31.9 28.7 24.6 17.7 13.1 12.3 10.9 10.0 2.0 4.9
Cost of Revenue 15.6 14.0 14.4 12.9 12.3 12.6 12.4 12.7 11.9 9.5 9.5 9.8 11.1 10.8 9.2 8.9 8.6 8.8 7.2 7.2 6.5 7.2 5.2 5.5 5.9 5.5 4.3 5.4 5.2 5.8 7.5 3.9 3.9 4.0 4.0 3.5 2.0 0 0 0 0 0
Gross Profit 86.2 93.5 99.5 105.7 105.8 115.7 137.6 143.1 146.5 159.3 158.4 156.2 146.4 136.7 108.4 84.8 69.2 69.5 68.3 60.0 58.3 56.1 62.6 61.9 65.5 67.5 70.9 58.8 60.5 54.0 44.9 50.1 27.9 24.8 20.6 14.2 11.0 12.3 10.9 10.0 2.0 4.9
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 4.6 9.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0.5 0.7 0.5 1.6
Other Expenses 64.3 37.3 3.9 53.5 28.7 7.6 41.9 9.3 38.3 54.1 13.6 61.0 65.2 25.8 84.9 16.1 3.2 0.3 4.8 3.1 1.9 (0.6) 32.3 33.2 98.1 2.7 48.3 42.0 37.4 1.7 24.6 26.9 4.9 0 0 0 0 2.1 0.2 (0.6) (0.4) 0
Operating Expenses 68.9 46.6 3.9 53.5 28.7 7.6 41.9 9.3 38.3 54.1 13.6 61.0 65.2 25.8 84.9 16.1 3.2 0.3 4.8 3.1 1.9 (0.6) 32.3 33.2 98.1 2.7 48.3 42.0 37.4 1.7 24.6 26.9 4.9 0 0 0 0 2.7 0.8 0.1 0.1 1.6
Operating Income
Operating Income 17.3 46.9 95.6 52.1 77.1 108.2 95.8 133.8 108.2 105.2 144.8 95.2 81.2 110.9 23.5 68.7 66.0 69.2 63.4 56.9 56.4 56.7 30.3 28.7 (32.6) 64.8 22.6 16.8 23.1 52.3 20.3 23.2 23.1 17.5 17.9 14.2 10.7 15.0 11.7 10.1 2.1 3.3
Interest Expense 69.7 75.5 82.7 82.1 82.6 88.5 103.1 108.8 112.5 118.5 118.6 115.7 106.0 91.6 67.3 44.7 32.5 30.3 29.8 27.0 27.4 28.8 28.8 30.6 39.1 41.3 45.6 37.1 34.8 32.2 23.3 18.8 10.7 0 0 0 0 3.5 1.6 1.2 1.1 0
Interest Income 95.9 101.3 108.0 112.3 114.0 123.6 140.2 149.2 151.6 165.0 163.2 159.6 152.5 143.5 114.6 90.6 73.2 72.7 75.3 67.1 64.8 63.2 67.7 67.2 71.1 72.4 74.8 63.6 65.2 59.6 51.9 40.4 31.7 0 0 0 0 11.8 7.9 6.7 6.3 0
Profitability
EBITDA 13.5 49.3 96.2 52.0 77.4 108.6 96.4 134.4 109.1 105.6 145.6 95.7 80.9 111.8 24.4 69.7 67.9 71.0 65.6 58.1 57.5 57.9 60.1 59.6 4.6 66.1 69.5 54.7 59.1 53.3 44.4 42.7 34.3 17.5 17.9 14.2 10.7 0 0 0 0 (0.2)
EBIT 12.6 48.5 95.5 51.5 76.9 108.1 95.9 134.4 109.1 105.6 145.6 95.7 80.9 111.8 24.4 69.7 67.9 71.0 65.6 58.1 57.5 57.9 60.1 59.6 4.6 66.1 69.5 54.7 59.1 53.3 44.4 42.7 34.3 17.5 17.9 14.2 10.7 0 0 0 0 6.6
Income Before Tax (57.2) (27.1) 12.8 (30.6) (5.7) 19.6 (7.2) 25.6 (3.4) (12.9) 27.0 (19.9) (25.1) 20.2 (42.9) 25.0 35.4 40.8 35.8 31.2 30.1 29.0 31.3 29.0 (34.5) 24.7 23.9 17.6 24.3 21.1 21.1 23.9 23.6 17.9 18.0 14.6 10.8 11.8 10.4 9.2 1.2 3.3
Income Tax Expense 0 (0.2) 0 0 0 0.0 0.1 0.1 0.0 0.2 0.2 0.2 0.2 0.1 0 0 0 0.4 0.1 0.1 0.0 0.2 0.1 0.1 0.1 0.2 0.1 0.3 0.0 (0.3) 0.1 (0.0) 0.2 0.7 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Net Income (56.1) (26.2) 13.8 (29.7) (4.9) 20.3 (7.4) 25.8 (3.1) (12.9) 27.1 (20.0) (25.1) 20.3 (42.8) 25.1 35.5 40.3 35.7 31.1 30.1 28.9 31.2 28.9 (34.6) 24.5 23.9 17.3 24.2 21.4 21.0 24.0 23.4 17.1 17.4 14.2 10.4 11.4 10.0 8.9 0.9 3.0
Per Share Data
EPS (Basic) -0.96 -0.49 0.12 -0.53 -0.15 0.21 -0.19 0.29 -0.05 -0.19 0.31 -0.29 -0.37 0.21 -0.62 0.37 0.51 0.68 0.64 0.56 0.54 0.52 0.56 0.52 -0.60 0.43 0.42 0.30 0.42 0.37 0.38 0.45 0.44 0.32 0.32 0.30 0.20 0.22 0.19 0.17 0.02 0.23
EPS (Diluted) -0.96 -0.49 0.12 -0.53 -0.15 0.21 -0.19 0.29 -0.05 -0.19 0.31 -0.29 -0.37 0.21 -0.62 0.37 0.51 0.68 0.64 0.56 0.54 0.52 0.56 0.52 -0.60 0.43 0.41 0.30 0.42 0.37 0.38 0.45 0.44 0.32 0.32 0.30 0.20 0.22 0.19 0.17 0.02 0.23
Shares Outstanding 64.7 65.4 65.9 67.2 68.8 69.4 69.4 69.4 69.4 69.4 69.1 69.1 69.1 69.1 69.2 68.5 69.4 59.4 55.6 55.6 55.6 55.6 55.5 55.5 57.3 57.5 57.4 57.4 57.4 58.2 55.9 53.1 53.3 53.7 53.7 46.6 51.9 52.2 52.2 52.2 52.2 13.1
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 135.4 84.6 204.1 107.7 106.4 104.9 108.8 107.2 106.5 135.9 108.0 207.7 254.1 239.8 183.3 118.0 173.2 271.5 307.7 119.2 209.3 110.8 301.4 127.2 369.9 67.6 74.5 182.7 228.4 86.5 192.8 40.8 23.1 103.5 90.6 57.9 154.1 96.2 64.2 (26.7)
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 53.4
Net Receivables 33.2 25.2 28.1 28.5 28.0 28.8 32.3 36.4 40.6 41.0 39.9 39.5 40.5 39.0 30.6 23.1 19.1 15.2 13.9 15.8 16.5 15.4 15.6 16.9 17.3 16.3 17.9 16.3 15.4 16.2 28.9 11.4 8.8 13.0 6.9 5.3 4.2 3.0 6,251.0 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 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 0 0 0 0 0 0 0 0 0 (116.5) (97.5) (63.2) (158.4) 0 59.8 0
Total Current Assets 168.6 109.8 232.2 136.2 134.4 133.7 141.1 143.6 147.1 176.9 148.0 247.2 294.6 278.8 213.9 141.1 192.3 286.7 321.7 134.9 225.9 126.2 316.9 144.1 387.1 83.9 92.4 199.0 243.9 102.7 221.7 52.2 31.9 0 0 0 0 100.1 6,374.9 26.7
Non-Current Assets
Property, Plant & Equipment 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
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 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
Long-Term Investments 1,447.6 697.2 133.0 130.6 118.6 119.1 129.3 180.0 52.5 47.6 78.1 50.8 48.1 47.8 44.3 44.7 38.5 38.6 36.4 93.3 73.8 33.7 75.6 33.6 34.4 37.5 37.2 1,171.6 1,162.6 1,125.0 1,124.8 1,131.2 5,297.0 0 0 0 0 36.4 36.1 0
Other Non-Current Assets 5,333.9 5,657.6 6,119.7 6,488.5 6,301.6 6,097.6 6,503.7 6,740.2 7,057.1 7,323.1 7,399.4 7,311.2 7,533.3 7,475.7 7,282.8 7,527.8 6,919.0 6,377.9 5,395.4 5,295.1 4,973.2 4,805.7 4,839.3 5,057.9 5,034.1 4,935.6 5,081.8 4,814.2 3,687.6 4,004.1 3,265.4 2,848.3 2,275.9 0 0 0 0 (36.4) 0.5 (26.7)
Total Non-Current Assets 6,781.5 6,354.8 6,252.7 6,619.1 6,420.2 6,216.7 6,633.0 6,920.2 7,109.6 7,370.7 7,477.5 7,362.0 7,581.4 7,523.5 7,327.1 7,572.5 6,957.5 6,416.5 5,431.8 5,388.4 5,047.0 4,839.4 4,914.9 5,091.5 5,068.6 4,973.1 5,119.0 5,985.9 4,850.2 5,129.1 4,390.3 3,979.6 7,573.0 0 0 0 0 36.4 36.7 (26.7)
Total Assets 6,950.1 6,464.6 6,485.0 6,755.3 6,554.5 6,350.4 6,774.0 7,063.8 7,256.7 7,547.6 7,625.4 7,609.2 7,876.0 7,802.3 7,541.1 7,713.6 7,149.8 6,703.2 5,753.5 5,523.3 5,272.9 4,965.6 5,231.9 5,235.6 5,455.7 5,057.0 5,211.4 6,184.9 5,094.0 5,231.8 4,611.9 4,031.7 7,604.9 7,394.9 7,164.0 6,630.4 6,583.6 6,265.4 6,411.6 0
Current Liabilities
Account Payables 14.7 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 0.6 2.1 0
Short-Term Debt 799.0 344.5 22.3 30.7 168.7 348.5 265.0 265.0 149.8 1,798.0 122.8 258.8 585.8 505.9 269.8 456.9 590.7 1,608.2 543.2 759.4 804.6 895.7 142.5 534.2 721.2 777.7 215.0 315.3 478.8 360.7 2.8 0 113.2 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities (36.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28.5 28.1 24.5 0 0 0.2 0
Total Current Liabilities 799.0 344.5 22.3 30.7 168.7 348.5 265.0 265.0 149.8 1,798.0 122.8 258.8 585.8 505.9 269.8 456.9 590.7 1,608.2 543.2 759.4 804.6 895.7 142.5 534.2 721.2 777.7 215.0 315.3 478.8 360.7 2.8 0 113.2 28.5 28.1 24.5 0 2.9 4.4 0
Non-Current Liabilities
Long-Term Debt 3,699.8 4,349.1 5,129.2 5,381.1 4,972.4 4,550.1 5,027.9 5,296.4 5,649.5 4,261.9 5,981.4 5,824.7 5,707.1 5,658.4 5,613.1 5,524.4 4,854.3 3,686.8 3,933.1 3,432.7 3,307.7 2,917.5 3,940.1 3,564.9 3,591.6 3,049.6 3,765.0 4,641.3 3,440.4 3,608.7 3,337.5 2,862.1 6,326.8 6,221.7 6,069.9 5,529.2 5,919.9 439.1 5,903.2 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 0
Other Non-Current Liabilities 1,298.5 545.9 51.4 50.3 49.9 52.9 69.8 63.1 77.3 83.5 68.0 65.9 70.0 66.5 63.0 55.8 55.0 46.7 40.0 104.4 107.2 107.0 108.2 104.0 110.6 106.0 107.4 104.3 43.9 127.3 125.0 117.3 112.3 (6,221.7) (6,069.9) (5,529.2) (5,920.0) (439.1) 0.2 0
Total Non-Current Liabilities 4,998.3 4,895.0 5,180.6 5,431.4 5,022.3 4,603.0 5,097.7 5,359.5 5,726.8 4,345.4 6,049.3 5,890.7 5,777.1 5,724.9 5,676.1 5,580.2 4,909.3 3,733.5 3,973.1 3,537.1 3,414.9 3,024.5 4,048.3 3,668.9 3,702.2 3,155.6 3,872.4 4,745.6 3,484.3 3,736.0 3,462.4 2,979.3 6,439.1 0 0 0 0 439.1 5,903.4 0
Total Liabilities 5,797.2 5,239.4 5,202.9 5,462.1 5,191.0 4,951.5 5,362.7 5,624.5 5,876.6 6,143.4 6,172.1 6,149.5 6,362.9 6,230.9 5,945.8 6,037.2 5,500.0 5,341.7 4,516.3 4,296.5 4,219.5 3,920.2 4,190.8 4,203.1 4,423.4 3,933.3 4,087.4 5,060.9 3,963.2 4,096.7 3,465.2 2,979.3 6,552.3 6,331.7 6,098.1 5,553.7 5,925.9 5,760.4 5,907.8 0
Stockholders' Equity
Common Stock 0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.3 0.2 0.2 0
Retained Earnings (584.1) (506.1) (458.0) (449.8) (398.0) (370.5) (367.9) (337.5) (340.4) (314.4) (265.8) (257.5) (202.0) (141.5) (126.4) (48.2) (37.6) (38.2) (47.0) (55.1) (60.4) (65.7) (70.6) (78.0) (82.8) (8.6) (8.7) (7.6) (0.3) (0.2) 5.8 9.0 8.3 6.3 9.1 11.6 19.8 17.9 12.1 0
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 0 281.3
Total Stockholders' Equity 1,095.6 1,172.5 1,229.8 1,240.1 1,309.8 1,345.0 1,358.0 1,386.1 1,381.0 1,404.8 1,453.7 1,459.9 1,513.2 1,571.5 1,595.3 1,676.3 1,649.5 1,361.4 1,237.2 1,226.8 1,053.4 1,045.4 1,041.1 1,032.5 1,032.3 1,123.7 1,124.1 1,124.0 1,130.9 1,135.2 1,146.7 1,052.4 1,051.2 1,060.1 1,062.9 1,066.2 647.3 497.7 491.8 291.0
Total Liabilities & Equity 6,950.1 6,464.6 6,485.0 6,755.3 6,554.5 6,350.4 6,774.0 7,063.8 7,256.7 7,547.6 7,625.4 7,609.2 7,876.0 7,802.3 7,541.1 7,713.6 7,149.8 6,703.2 5,753.5 5,523.3 5,272.9 4,965.6 5,231.9 5,235.6 5,455.7 5,057.0 5,211.4 6,184.9 5,094.0 5,231.8 4,611.9 4,031.7 7,604.9 7,394.9 7,164.0 6,630.4 6,583.6 6,265.4 6,411.6 291.0
Debt Metrics
Total Debt 4,498.7 4,693.5 5,151.5 5,411.8 5,141.1 4,898.6 5,292.9 5,561.4 5,799.3 6,059.9 6,104.2 6,083.6 6,292.9 6,164.3 5,882.9 5,981.3 5,445.0 5,295.0 4,476.3 4,192.1 4,112.3 3,813.2 4,082.7 4,099.1 4,312.8 3,827.3 3,980.0 4,956.6 3,919.2 3,969.3 3,340.2 2,862.1 6,440.0 6,221.7 6,069.9 5,529.2 5,919.9 439.1 5,903.2 0
Net Debt 4,363.3 4,608.9 4,947.4 5,304.1 5,034.7 4,793.7 5,184.1 5,454.3 5,692.8 5,924.0 5,996.2 5,875.9 6,038.8 5,924.6 5,699.5 5,863.3 5,271.8 5,023.5 4,168.6 4,073.0 3,902.9 3,702.4 3,781.3 3,971.8 3,942.9 3,759.7 3,905.5 4,773.9 3,690.8 3,882.8 3,147.5 2,821.3 6,416.9 6,118.2 5,979.3 5,471.3 5,765.8 343.0 5,839.1 26.7
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 (57.2) (26.9) 12.8 (30.6) (5.7) 19.6 (7.3) 25.5 (3.4) (13.1) 26.8 (20.1) (25.3) 20.1 (42.9) 25.0 35.4 40.3 35.7 31.1 30.1 28.9 31.2 28.9 (34.6) 24.5 23.9 17.3 24.2 21.4 21.0 24.0 23.4 17.2 17.9 14.4 10.6 11.7 10.3 9.2 1.1
Depreciation & Amortization 3.5 0.9 0.7 0.5 0.5 0.5 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.4 8.6 0 0 0.6 3.1 0 0 0.4 0 0 0 0
Stock-Based Compensation 1.8 1.5 2.2 2.1 2.1 1.6 2.2 2.2 2.3 1.6 2.2 2.2 2.2 1.5 2.2 2.0 2.1 1.4 2.0 2.0 2.0 1.3 1.4 1.4 1.6 1.0 1.0 1.0 1.0 0.8 0.3 (0.1) 1.0 0.0 0.0 0.0 0 0 0 0 0
Change in Working Capital (4.3) (0.9) 1.0 0.9 (6.0) (5.9) 15.1 (1.3) 2.1 (1.4) 2.8 (3.7) 2.2 (5.8) (3.2) (2.8) (0.4) (2.2) 4.2 (2.0) 1.7 (1.3) 5.2 (4.2) 1.2 (0.3) 3.3 (5.9) 2.8 (4.8) 4.8 (1.5) 0.4 (0.7) (1.4) 2.4 (1.0) (2.3) 0.8 0.2 (1.0)
Other Non-Cash Items 69.2 42.2 1.8 48.2 25.1 2.6 38.6 4.1 33.5 49.8 10.0 57.2 62.5 21.4 79.5 11.0 (4.0) (11.6) (3.1) (3.3) (3.5) (5.2) 0.6 (0.4) 59.1 (1.8) (0.1) 2.1 0.2 0.4 (2.7) (6.4) (5.4) 81.5 (83.0) (1.8) (2.4) (2.5) (3.3) (3.0) 4.4
Operating Cash Flow 13.1 16.7 18.5 21.1 15.9 18.3 49.1 30.6 34.5 36.8 41.8 35.5 41.6 37.2 35.6 35.3 33.1 27.9 38.7 27.8 30.3 23.6 38.4 25.7 27.4 23.5 28.1 14.6 25.6 19.4 23.4 16.0 18.1 97.7 (66.5) 15.0 7.7 6.9 7.8 6.3 4.4
Investing Activities
Capital Expenditure (2.9) (2.7) (1.0) (0.6) (1.3) (0.0) (0.7) (5.3) (2.1) 0 (0.2) (0.3) (0.9) 0 (0.5) 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) (0.4)
Acquisitions 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
Purchases of Investments (27.5) (10.4) (8.4) (13.6) (1.1) (1.3) (0.5) (0.6) 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 (1,201.8) 0 0 (234.7) 0 0 0 (10.2)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 282.3 (5.1) 0 0 0 0 0 0 179.6 0 0 0 561.8 99.7 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 277.0 (122.3) 393.0 250.9 (218.1) 408.9 245.0 233.9 238.9 76.5 (122.2) 172.8 (112.2) (206.5) 174.0 (613.6) (812.8) (962.5) 31.5 (403.4) (201.2) 84.6 181.9 (23.2) (334.1) 151.6 (255.0) (1,059.4) (325.3) (824.9) (429.1) (460.7) (382.3) 929.6 (453.5) (123.2) (234.7) (33.3) (313.9) (57.7) (40.8)
Investing Cash Flow 249.5 (135.5) 383.6 236.7 (220.5) 407.6 243.9 228.0 236.8 76.5 (122.4) 172.5 (113.1) (206.5) 173.5 (613.6) (530.5) (967.7) 31.5 (403.4) (201.2) 84.6 181.9 (23.2) (154.6) 151.6 (255.0) (1,059.4) 236.5 (725.2) (429.1) (460.7) (382.3) (272.2) (453.5) (123.2) (234.7) (33.3) (314.0) (57.8) (51.4)
Financing Activities
Net Debt Issuance (196.0) 32.5 (272.3) (210.9) 251.1 (395.6) (268.7) (241.5) (263.4) (48.2) 16.4 (214.9) 122.8 281.6 (96.6) 537.2 154.6 820.8 163.0 145.8 296.0 (271.4) (17.3) (217.3) 481.1 (151.9) 144.6 1,029.3 (89.0) 649.6 486.1 492.3 317.8 207.8 578.4 48.7 147 69.7 212.9 39 0
Stock Repurchased (0.8) (9.3) (4.2) (20.1) (9.8) 0 0 0 0 0 0 0 0 (7.4) (10.3) (18.1) 0 0 0 0 (1.7) 0 (0.0) (1.8) (23.3) 0 0 (0.4) (4.1) (17.7) (0.2) (1.5) (11.9) 0.5 (0.5) 0 0 0 0 0 0
Dividends Paid (21.4) (21.6) (21.7) (22.3) (22.5) (22.7) (22.7) (22.7) (35.1) (35.0) (35.0) (35.0) (35.0) (35.1) (35.3) (34.8) (31.7) (26.5) (27.4) (25.8) (24.3) (23.9) (24.0) (24.1) (25.0) (24.8) (24.8) (24.8) (25.2) (25.1) (22.9) (21.4) (19.9) (19.9) (13.5) (8.8) (8.5) (5.6) (5.4) (5.3) (5.6)
Other Financing Activities 5.6 (2.7) (6.6) (2.0) (13.4) (12.2) (3.2) (0.6) (2.2) (3.4) (2.0) (1.4) (0.7) (9.7) (7.2) (8.9) (10.8) (10.8) (15.7) (1.7) (0.5) (3.4) (4.9) (1.8) (3.4) (5.3) (1.1) (5.0) (2.0) (6.9) (4.8) (7.0) (2.2) (0.4) (11.7) (461.3) (1.4) (5.9) (1.2) (3.0) 1.0
Financing Cash Flow (212.6) (1.1) (304.9) (255.2) 205.3 (430.5) (294.5) (264.8) (300.8) (86.6) (20.7) (251.3) 87.1 229.3 (144.1) 529.1 398.5 904.2 119.9 285.4 269.5 (298.8) (46.2) (245.1) 429.5 (182.0) 118.7 999.1 (120.2) 599.5 557.8 462.3 283.8 187.4 552.7 12.1 284.8 58.2 316.3 90.7 35.4
Cash Position
Net Change in Cash 50.0 (119.8) 97.2 2.6 0.8 (4.6) (1.5) (6.1) (29.5) 26.7 (101.3) (43.4) 15.7 60.0 65.0 (49.2) (98.9) (35.5) 190.1 (90.2) 98.5 (190.5) 174.1 (242.6) 302.2 (6.9) (108.2) (45.7) 141.9 (106.2) 152.0 17.6 (80.4) 12.9 32.7 (96.2) 57.8 31.8 10.2 39.3 (11.6)
Cash at Beginning 87.3 207.1 110.0 107.3 106.5 111.1 112.7 118.8 148.3 121.6 222.9 266.3 250.6 190.6 125.7 174.9 273.8 309.3 119.2 209.3 110.8 301.4 127.2 369.9 67.6 74.5 182.7 228.4 86.5 192.8 40.8 23.1 103.5 90.6 57.9 154.1 96.3 64.5 54.3 15.0 26.7
Cash at End 137.3 87.3 207.1 110.0 107.3 106.5 111.1 112.7 118.8 148.3 121.6 222.9 266.3 250.6 190.6 125.7 174.9 273.8 309.3 119.2 209.3 110.8 301.4 127.2 369.9 67.6 74.5 182.7 228.4 86.5 192.8 40.8 23.1 103.5 90.6 57.9 154.1 96.3 64.5 54.3 15.0
Free Cash Flow 10.2 14.0 17.5 20.5 14.6 18.3 48.4 25.4 32.4 36.8 41.6 35.2 40.8 37.2 35.0 35.3 33.1 27.9 38.7 27.8 30.3 23.6 38.4 25.7 27.4 23.5 28.1 14.6 25.6 19.4 23.4 16.0 18.1 97.7 (66.5) 15.0 7.7 6.9 7.8 6.3 4.1
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 101.7 107.5 113.9 118.5 118.0 128.4 150.0 155.9 158.4 168.8 167.8 166.1 157.5 147.5 117.6 93.7 77.8 78.2 75.5 67.2 64.8 63.3 67.8 67.4 71.4 72.9 75.2 64.2 65.7 59.8 52.4 54.0 31.9 28.7 24.6 17.7 13.1 12.3 10.9 10.0 2.0 4.9
Gross Profit 86.2 93.5 99.5 105.7 105.8 115.7 137.6 143.1 146.5 159.3 158.4 156.2 146.4 136.7 108.4 84.8 69.2 69.5 68.3 60.0 58.3 56.1 62.6 61.9 65.5 67.5 70.9 58.8 60.5 54.0 44.9 50.1 27.9 24.8 20.6 14.2 11.0 12.3 10.9 10.0 2.0 4.9
Operating Income 17.3 46.9 95.6 52.1 77.1 108.2 95.8 133.8 108.2 105.2 144.8 95.2 81.2 110.9 23.5 68.7 66.0 69.2 63.4 56.9 56.4 56.7 30.3 28.7 (32.6) 64.8 22.6 16.8 23.1 52.3 20.3 23.2 23.1 17.5 17.9 14.2 10.7 15.0 11.7 10.1 2.1 3.3
Net Income (56.1) (26.2) 13.8 (29.7) (4.9) 20.3 (7.4) 25.8 (3.1) (12.9) 27.1 (20.0) (25.1) 20.3 (42.8) 25.1 35.5 40.3 35.7 31.1 30.1 28.9 31.2 28.9 (34.6) 24.5 23.9 17.3 24.2 21.4 21.0 24.0 23.4 17.1 17.4 14.2 10.4 11.4 10.0 8.9 0.9 3.0
EPS (Diluted) -0.96 -0.49 0.12 -0.53 -0.15 0.21 -0.19 0.29 -0.05 -0.19 0.31 -0.29 -0.37 0.21 -0.62 0.37 0.51 0.68 0.64 0.56 0.54 0.52 0.56 0.52 -0.60 0.43 0.41 0.30 0.42 0.37 0.38 0.45 0.44 0.32 0.32 0.30 0.20 0.22 0.19 0.17 0.02 0.23
Balance Sheet
Cash & Equivalents 135.4 84.6 204.1 107.7 106.4 104.9 108.8 107.2 106.5 135.9 108.0 207.7 254.1 239.8 183.3 118.0 173.2 271.5 307.7 119.2 209.3 110.8 301.4 127.2 369.9 67.6 74.5 182.7 228.4 86.5 192.8 40.8 23.1 103.5 90.6 57.9 154.1 96.2 64.2 (26.7)
Total Assets 6,950.1 6,464.6 6,485.0 6,755.3 6,554.5 6,350.4 6,774.0 7,063.8 7,256.7 7,547.6 7,625.4 7,609.2 7,876.0 7,802.3 7,541.1 7,713.6 7,149.8 6,703.2 5,753.5 5,523.3 5,272.9 4,965.6 5,231.9 5,235.6 5,455.7 5,057.0 5,211.4 6,184.9 5,094.0 5,231.8 4,611.9 4,031.7 7,604.9 7,394.9 7,164.0 6,630.4 6,583.6 6,265.4 6,411.6 0
Total Debt 4,498.7 4,693.5 5,151.5 5,411.8 5,141.1 4,898.6 5,292.9 5,561.4 5,799.3 6,059.9 6,104.2 6,083.6 6,292.9 6,164.3 5,882.9 5,981.3 5,445.0 5,295.0 4,476.3 4,192.1 4,112.3 3,813.2 4,082.7 4,099.1 4,312.8 3,827.3 3,980.0 4,956.6 3,919.2 3,969.3 3,340.2 2,862.1 6,440.0 6,221.7 6,069.9 5,529.2 5,919.9 439.1 5,903.2 0
Stockholders' Equity 1,095.6 1,172.5 1,229.8 1,240.1 1,309.8 1,345.0 1,358.0 1,386.1 1,381.0 1,404.8 1,453.7 1,459.9 1,513.2 1,571.5 1,595.3 1,676.3 1,649.5 1,361.4 1,237.2 1,226.8 1,053.4 1,045.4 1,041.1 1,032.5 1,032.3 1,123.7 1,124.1 1,124.0 1,130.9 1,135.2 1,146.7 1,052.4 1,051.2 1,060.1 1,062.9 1,066.2 647.3 497.7 491.8 291.0
Cash Flow
Operating Cash Flow 13.1 16.7 18.5 21.1 15.9 18.3 49.1 30.6 34.5 36.8 41.8 35.5 41.6 37.2 35.6 35.3 33.1 27.9 38.7 27.8 30.3 23.6 38.4 25.7 27.4 23.5 28.1 14.6 25.6 19.4 23.4 16.0 18.1 97.7 (66.5) 15.0 7.7 6.9 7.8 6.3 4.4
Capital Expenditure (2.9) (2.7) (1.0) (0.6) (1.3) (0.0) (0.7) (5.3) (2.1) 0 (0.2) (0.3) (0.9) 0 (0.5) 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) (0.4)
Free Cash Flow 10.2 14.0 17.5 20.5 14.6 18.3 48.4 25.4 32.4 36.8 41.6 35.2 40.8 37.2 35.0 35.3 33.1 27.9 38.7 27.8 30.3 23.6 38.4 25.7 27.4 23.5 28.1 14.6 25.6 19.4 23.4 16.0 18.1 97.7 (66.5) 15.0 7.7 6.9 7.8 6.3 4.1