Grand Canyon Education, Inc. logo LOPE - Grand Canyon Education, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 17
HOLD 1
SELL 0
STRONG
SELL 0
| PRICE TARGET: $182.33 DETAILS
HIGH: $215.00
LOW: $162.00
MEDIAN: $170.00
CONSENSUS: $182.33
UPSIDE: 16.36%
Annual Quarterly
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 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1
Revenue
Revenue 308.8 308.1 261.1 247.5 289.3 292.6 238.3 227.5 274.7 278.3 221.9 210.6 250.1 258.7 208.7 199.8 244.1 251.4 206.8 201.5 236.9 238.3 198.4 185.8 221.7 213.2 193.3 174.8 197.3 177.5 155.5 236.8 275.7 271.4 236.2 218.3 248.2 244.7 210.4 191.3 227.0 216.0 193.4 174.7 194.1 190.0 175.1 158.6 167.4 162.4 152.4 141.5 142.0 141.3 133.6 119.3 117.1 113.0 108.9 103.1 101.7 100.0 98.9 97.5 89.3 77.5 66.1 59.4 59.0 51.7 39.4 35.1 35.1 24.8 24.8 24.8 24.8 18.0 18.0 18.0 18.0
Cost of Revenue 136.9 133.8 129.3 126.2 128.5 128.3 119.1 119.1 122.0 122.0 113.0 111.3 110.9 110.9 104.9 104.2 103.8 95.6 97.7 94.6 93.3 90.3 89.0 84.7 86.5 85.1 80.5 76.8 71.7 62.7 68.8 141.0 149.1 108.9 140.0 95.0 102.6 102.1 91.7 84.6 94.7 92.4 83.2 75.4 78.7 78.6 71.7 67.8 70.7 68.0 64.7 61.7 60.0 58.8 57.4 53.4 50.8 50.6 48.9 46.4 48.9 36.2 45.7 51.1 36.7 27.0 23.5 20.4 18.0 17.5 13.0 12.0 0 0 0 0 0 0 0 0 0
Gross Profit 171.9 174.4 131.8 121.3 160.8 164.2 119.2 108.4 152.7 156.3 108.9 99.2 139.3 147.8 103.8 95.5 140.3 155.8 109.0 106.9 143.6 148.0 109.4 101.0 135.2 128.2 112.8 98.0 125.6 114.9 86.7 95.8 126.6 162.5 96.2 123.3 145.6 142.6 118.7 106.7 132.3 123.5 110.2 99.4 115.4 111.4 103.3 90.7 96.8 94.5 87.7 79.7 82.0 82.5 76.2 65.9 66.3 62.4 60.0 56.8 52.8 63.9 53.2 46.2 52.6 50.5 42.6 42.5 37.5 34.2 26.4 23.1 0 0 0 0 0 0 0 0 0
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 74.3 64.2 74.3 67.4 70.7 60.2 68.9 63.5 66.1 56.4 65.3 61.7 62.7 55.0 66.2 59.6 60.7 51.3 61.6 54.5 57.3 48.6 56.3 50.6 52.3 44.0 50.9 44.9 47.0 33.9 41.6 76.1 74.6 71.1 72.2 68.2 69.0 65.7 68.3 61.9 63.6 60.4 61.2 57.1 59.5 57.9 57.4 52.9 53.3 53.6 50.4 48.2 48.4 49.2 45.0 40.5 42.1 39.1 39.3 34.7 36.7 52.5 12.7 40.7 37.8 32.6 35.9 29.3 28.5 28.7 23.7 20.0 0 0 0 0 0 0 0 0 0
Other Expenses 2.1 2.1 2.1 2.1 2.1 4.0 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.2 2.2 2.1 5.8 0.8 15.6 1.4 0.6 0 0 0 0 0.2 3.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 0 0 0.1 0.1 0.1 0.1 1.7 0 0 35.1 24.8 24.8 24.8 24.8 18.0 18.0 18.0 18.0
Operating Expenses 76.4 66.3 76.4 69.6 72.8 64.2 71.0 65.6 68.2 58.5 67.4 63.8 64.8 57.1 68.3 61.7 62.8 53.4 63.7 56.6 59.4 50.7 58.4 52.7 54.4 46.2 53.1 47.0 53.1 34.7 57.2 37.3 36.5 71.1 36.5 68.2 69.0 65.9 71.6 61.9 63.6 60.4 61.2 57.1 59.5 57.9 57.4 52.9 53.3 53.6 50.4 48.2 48.4 49.2 45.0 40.5 42.1 39.1 39.3 34.7 36.7 52.6 34.7 35.2 33.0 32.6 35.9 29.5 28.5 30.4 23.7 20.0 35.1 24.8 24.8 24.8 24.8 18.0 18.0 18.0 18.0
Operating Income
Operating Income 95.5 108.1 55.4 51.8 88.0 100.0 48.2 42.7 84.5 97.8 41.5 35.4 74.5 90.7 35.5 33.8 77.5 102.4 45.3 50.2 84.2 97.3 51.0 48.3 80.8 82.0 59.7 51.0 72.4 80.1 29.4 58.5 90.1 91.3 59.7 55.1 76.6 76.7 47.1 44.7 68.7 63.1 49.0 42.3 56.0 53.5 46.0 37.9 43.4 40.9 37.3 31.5 33.6 33.2 31.2 25.4 24.2 23.3 20.7 22.7 19.2 11.3 22.1 20.5 19.6 17.9 6.7 10.0 12.1 3.8 2.7 3.2 35.1 (70.2) 24.8 24.8 24.8 (51.0) 18.0 18.0 18.0
Interest 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 1.3 0.7 0.8 0.8 0.9 0.9 1.1 1.5 2.9 2.9 2.9 2.6 0.6 0.6 0.1 0.3 0.5 0.6 0.5 0.6 0.5 2.6 0.2 0.3 1.1 0.3 0.1 0.4 0.3 0.6 0.4 0.5 0.6 0.5 0.4 0.7 0.3 0.2 0.1 0.2 0.4 0.2 0.0 0.1 0.2 0.2 0.2 0.3 0.2 0.3 0.4 0.7 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 3.0 3.7 3.6 3.2 3.4 3.9 4.2 4.1 3.7 3.0 2.7 2.6 2.2 1.3 0.7 0.3 0.2 7.8 15.2 15.0 14.7 14.1 15.1 14.7 14.7 14.9 16.5 14.5 13.7 13.7 13.2 0 0 0.8 0 0.7 0.0 0.2 0 0.3 2.0 0 0.2 0.1 0.3 0.3 0.0 0.2 0.1 0.1 1.5 0.1 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 105.9 118.3 65.6 64.9 97.6 113.5 61.6 55.9 97.0 109.4 52.4 45.5 84.3 99.8 44.0 41.9 85.5 117.9 68.2 72.8 106.4 119.8 73.7 70.8 102.8 104.2 83.1 75.0 93.4 98.3 46.9 74.1 105.0 105.9 74.7 69.4 89.9 89.8 58.6 55.8 81.2 72.9 58.2 50.6 64.4 61.9 53.4 45.2 50.5 47.8 45.2 37.7 41.8 39.4 36.8 30.6 29.2 28.3 24.9 26.0 20.0 14.9 21.8 13.7 22.3 20.1 9.1 14.9 10.8 5.9 4.1 3.2 35.1 (70.2) 24.8 24.8 24.8 (51.0) 18.0 18.0 18.0
EBIT 95.5 108.1 55.4 55.0 88.0 104.0 52.3 46.8 88.2 100.8 44.3 38.0 76.6 92.0 36.3 34.2 77.7 110.2 60.6 65.3 98.9 112.3 66.1 63.4 95.7 97.2 76.2 68.1 87.3 94.4 43.0 60.1 91.1 92.1 61.1 55.8 76.6 76.9 47.1 45.0 70.7 62.5 49.2 42.4 56.2 53.8 46.0 38.1 43.6 41.0 38.8 31.6 35.8 33.3 31.2 25.4 24.2 23.3 20.7 22.0 16.2 11.3 18.5 11.1 19.7 17.9 6.7 13.1 9.1 4.4 2.7 3.2 35.1 (70.2) 24.8 24.8 24.8 (51.0) 18.0 18.0 18.0
Income Before Tax 98.5 111.8 21.7 55.0 91.4 104.0 52.3 46.8 88.2 100.8 44.3 38.0 76.6 92.0 36.3 34.2 77.7 108.9 59.8 64.5 98.1 111.4 65.2 62.4 94.2 94.2 73.3 65.2 84.7 93.8 42.5 60.0 90.7 91.6 60.6 55.3 76.0 76.4 44.4 44.9 70.4 62.0 48.9 42.2 55.9 53.5 45.4 37.7 43.0 40.4 38.3 31.1 35.2 33.0 31.1 25.3 24.0 22.9 20.5 22.7 19.1 11.1 22.0 20.4 19.3 17.7 6.5 9.7 11.5 3.2 2.1 2.6 0 0 0 0 0 0 0 0 0
Income Tax Expense 23.1 25.0 5.4 13.5 19.8 22.1 10.9 12.0 20.2 20.1 8.5 9.1 17.0 21.0 6.2 8.6 19.6 23.8 12.2 15.0 20.0 24.7 13.1 15.3 22.8 17.6 15.2 14.1 11.5 18.3 8.7 14.0 17.0 23.3 21.3 15.5 20.1 28.4 15.2 17.3 26.7 23.9 15.5 16.5 21.7 20.4 16.4 14.7 16.8 14.2 15.7 12.0 14.2 12.1 12.6 9.7 9.5 7.6 7.6 9.4 7.8 3.5 9.1 8.0 7.8 6.6 3.0 3.8 4.6 1.0 0.8 1.0 (1.6) (0.4) (0.4) (0.4) (0.4) (0.1) (0.1) (0.1) (0.1)
Net Income 75.3 86.7 16.3 41.5 71.6 81.9 41.5 34.9 68.0 80.7 35.7 29.0 59.6 71.0 30.0 25.6 58.1 85.1 47.7 49.5 78.1 86.8 52.0 47.0 71.4 76.7 58.2 51.1 73.2 75.5 33.8 46.0 73.7 68.3 39.3 39.8 55.9 48.0 29.2 27.6 43.7 38.1 33.3 25.8 34.2 33.1 29.0 23.1 26.3 26.2 22.5 19.1 20.9 20.9 18.5 15.6 14.5 15.3 12.9 13.3 11.3 7.6 12.9 12.4 11.5 11.1 3.5 5.8 6.9 2.2 1.3 1.6 1.6 0.4 0.4 0.4 0.4 0.1 0.1 0.1 0.1
Per Share Data
EPS (Basic) 2.82 3.16 0.59 1.48 2.53 2.86 1.43 1.19 2.31 2.73 1.20 0.96 1.96 2.32 0.96 0.80 1.67 2.15 1.08 1.09 1.70 1.87 1.11 1.00 1.50 1.61 1.21 1.07 1.54 1.58 0.71 0.97 1.55 1.44 0.83 0.85 1.20 1.03 0.63 0.60 0.96 0.83 0.72 0.56 0.75 0.72 0.64 0.51 0.58 0.58 0.50 0.43 0.47 0.47 0.42 0.35 0.33 0.35 0.29 0.29 0.21 0.17 0.28 0.15 0.25 0.24 0.08 0.17 0.11 0.12 0.05 0.07 0.07 0.02 0.02 0.02 0.02 0.01 0.00 0.00 0.00
EPS (Diluted) 2.80 3.14 0.58 1.48 2.52 2.84 1.42 1.19 2.29 2.71 1.19 0.96 1.94 2.30 0.96 0.80 1.66 2.15 1.08 1.09 1.69 1.86 1.11 1.00 1.49 1.59 1.20 1.06 1.52 1.56 0.70 0.95 1.52 1.41 0.81 0.83 1.16 1.01 0.62 0.59 0.93 0.81 0.70 0.55 0.72 0.72 0.62 0.49 0.56 0.58 0.49 0.42 0.46 0.46 0.41 0.35 0.32 0.35 0.29 0.29 0.21 0.17 0.28 0.14 0.25 0.24 0.08 0.17 0.11 0.12 0.03 0.04 0.04 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00
Shares Outstanding 26.7 27.4 27.7 28.0 28.3 28.7 29.0 29.3 29.5 29.6 29.8 30.2 30.5 30.7 31.3 31.8 34.8 39.6 44.2 45.5 46.1 46.4 46.8 46.9 47.5 47.8 47.9 47.9 47.7 47.7 47.7 47.6 47.4 47.3 47.3 47.2 46.7 46.5 46.2 46.0 45.6 46.0 46.1 46.0 45.8 45.7 45.7 45.6 45.2 45.0 45.0 44.7 44.2 44.2 44.4 44.4 44.4 44.0 44.3 44.7 45.6 45.6 45.7 45.7 45.7 45.6 44.8 44.8 45.5 19.1 19.1 19.1 19.1 18.9 18.9 18.9 18.9 18.9 18.9 18.9 18.9
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 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1
Current Assets
Cash & Cash Equivalents 96.1 111.8 97.3 192.3 144.5 324.6 263.6 241.3 196.2 146.5 56.9 142.9 105.0 120.4 39.9 139.4 201.9 600.9 61.0 69.4 225.8 245.8 166.9 172.5 132.5 122.3 119.7 65.8 88.5 120.3 44.9 221.6 242.8 153.5 180.1 66.3 88.5 46.0 75.1 44.6 48.8 43.4 97.9 62.6 24.7 68.3
Short-Term Investments 155.6 188.3 0 181.6 160.1 0 0 100.5 94.5 98.0 97.6 90.4 89.5 61.3 68.4 63.9 62.4 0 0 44.4 36.4 10.8 12.8 14.7 17.0 21.6 14.2 14.2 14.2 69.0 68.8 76.5 91.9 89.3 89.6 89.4 81.6 62.6 49.7 49.4 84.1 0 0 0 0 0
Net Receivables 113.3 86.7 122.0 34.4 115.7 83.4 116.4 35.0 137.2 80.1 108.2 33.7 105.5 80.2 104.8 34.7 102.0 71.3 101.8 21.2 97.6 68.5 98.0 22.3 84.1 56.1 92.1 17.1 82.9 51.5 71.3 0.3 10.8 13.0 16.8 15.5 13.9 9.5 16.3 9.1 7.5 42.6 13.9 13.8 10.6 10.5
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 0.3 0.3 0.3 61.7 61.7 974.4 72.8 94.5 75.6 79.4 70.3 84.9 69.3 70.8 62.5 42.0 13.3 10.1 9.3 6.1
Other Current Assets 15.0 13.4 214.7 14.2 16.1 11.9 13.4 13.1 16.5 12.9 12.1 12.5 15.8 11.4 10.2 11.9 14.0 8.8 10.6 12.0 14.5 8.6 14.0 13.1 14.7 8.3 11.3 11.6 12.6 68.6 70.3 983.1 89.8 119.1 100.3 101.6 94.0 112.0 91.0 97.1 107.4 16.2 11.4 76.1 6.3 5.3
Total Current Assets 380.0 400.2 434.0 422.5 436.4 420.0 393.4 389.8 444.5 337.5 274.7 279.5 315.9 273.3 223.2 249.9 380.4 681.0 173.4 147.1 374.3 333.7 291.8 222.6 248.3 208.3 237.5 108.7 198.2 309.5 255.2 1,281.6 435.4 374.9 386.8 272.8 277.9 230.1 232.1 200.2 226.1 132.9 129.4 90.2 48.4 88.5
Non-Current Assets
Property, Plant & Equipment 273.2 275.5 279.9 277.9 273.8 276.4 275.1 275.7 262.3 262.2 255.0 231.2 220.7 220.2 220.0 193.8 192.3 193.8 191.8 192.3 191.4 189.7 185.6 167.3 155.9 147.5 146.4 129.7 129.4 111.0 110.9 112.2 950.2 922.3 897.5 888.2 870.3 855.5 832.7 794.0 725.1 85.0 75.1 67.4 58.1 45.9
Goodwill 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.8 160.9 160.9 151.2 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9
Intangible Assets 149.4 151.5 153.6 155.8 157.9 160.0 162.1 164.2 166.3 168.4 170.5 172.6 174.7 176.8 178.9 181.0 183.1 185.2 187.3 189.4 191.5 193.6 195.7 197.8 200.0 202.1 204.2 206.4 208.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 (28.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 991.6 1,052.2 920.6 0 878.5 (16.6) (17.2) 0.5 (24.4) (23.9) (24.1) 0.5 (14.2) (14.3) (14.5) 6.9 7.1 0.4 7.7 7.9
Other Non-Current Assets 4.6 4.3 4.5 4.1 2.6 1.4 1.6 2.2 1.8 1.6 2.1 2.2 2.0 1.7 1.7 1.8 1.8 1.9 967.2 1,157.4 967.0 966.8 966.7 1,041.7 966.7 971.6 1.7 1.9 2.0 900.6 0.7 0.7 0.8 3.5 0.8 1.8 1.1 4.0 1.4 4.6 3.3 2.5 1.7 7.9 1.1 0.6
Total Non-Current Assets 587.9 592.1 598.8 598.5 595.0 598.4 599.6 602.9 591.1 592.9 588.4 566.7 558.1 559.5 561.3 537.5 538.0 541.7 1,507.1 1,699.9 1,510.7 1,510.8 1,508.8 1,567.7 1,483.3 1,481.9 1,523.1 1,568.8 1,421.3 1,014.6 997.5 118.4 956.6 928.7 904.1 895.8 877.3 862.4 840.1 804.7 734.6 104.9 92.6 84.5 78.1 69.4
Total Assets 967.9 992.3 1,032.8 1,021.0 1,031.4 1,018.4 992.9 992.7 1,035.6 930.5 863.2 846.2 874.0 832.7 784.5 787.3 918.4 1,222.7 1,680.5 1,847.0 1,885.0 1,844.6 1,800.6 1,790.3 1,731.6 1,690.3 1,760.7 1,677.5 1,619.5 1,324.0 1,252.7 1,400.0 1,392.0 1,303.6 1,290.9 1,168.6 1,155.3 1,092.5 1,072.3 1,005.0 960.7 237.8 222.0 174.7 126.5 157.9
Current Liabilities
Account Payables 29.3 24.3 19.3 24.4 24.1 26.7 28.1 22.5 29.8 17.7 23.7 22.8 21.8 20.0 18.8 18.1 29.6 24.3 40.7 22.5 17.2 16.6 15.3 19.9 19.2 14.8 20.7 18.3 13.3 14.3 17.0 35.4 36.1 29.1 27.5 22.5 24.1 24.8 28.9 39.3 38.0 12.1 9.3 8.8 9.8 7.5
Short-Term Debt 0 14.6 14.2 0 0 12.9 0 0 0 0 0 0 0 0 0 0 0 0 82.9 68.1 33.1 33.1 33.1 33.1 33.1 33.1 48.0 50.7 50.5 36.5 6.6 6.6 6.7 6.7 6.7 6.7 6.7 31.6 18.8 31.6 6.6 2.1 2.1 2.1 2.1 0.4
Deferred Revenue 9.9 0 3.8 14.2 9.1 0 6.4 7.2 10.3 0 6.2 9.1 9.7 0 6.1 12.0 12.2 0.0 3.2 9.8 6.9 0 10.2 7.7 8.2 0.0 9.2 10.0 5.2 6.5 0 42.7 137.1 142.2 192.5 131.5 140.5 126.6 174.9 118.1 120.7 45.1 45.3 23.2 20.2 32.0
Other Current Liabilities 63.4 67.5 99.3 32.8 23.3 33.2 59.6 33.8 57.6 31.4 25.4 28.6 21.1 36.4 33.1 32.9 32.0 32.7 43.0 36.2 37.3 34.2 33.9 26.8 22.6 20.8 24.4 15.1 39.4 7.4 0 158.2 167.3 160.4 203.3 135.2 160.0 131.3 90.7 118.3 138.8 0 0 17.0 0 0
Total Current Liabilities 138.4 109.8 136.7 119.0 128.2 111.0 106.6 107.5 160.1 97.0 99.5 100.4 119.7 99.7 95.6 103.7 132.7 97.9 203.8 169.0 152.8 118.7 122.7 150.6 133.1 95.2 124.0 113.3 126.0 80.5 54.9 223.8 261.7 238.1 285.1 204.9 235.1 226.8 266.1 233.1 222.7 99.0 97.0 62.4 45.8 60.2
Non-Current Liabilities
Long-Term Debt 0 92.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 58.1 66.3 74.6 82.9 91.2 99.5 107.8 211.1 207.9 200.0 23.4 55.0 56.6 58.3 59.9 61.6 63.3 64.9 66.6 68.3 69.9 71.6 25.0 25.2 24.0 25.6 1.7
Deferred Tax Liabilities 42.8 41.4 40.2 28.2 29.0 26.5 0 27.0 28.5 26.7 26.7 27.3 28.0 26.2 26.2 26.6 27.3 26.0 22.6 22.1 22.0 20.3 19.3 18.6 18.8 18.3 18.3 17.8 9.4 6.5 4.4 19.2 19.9 18.4 27.2 26.8 27.0 23.7 17.3 17.5 17.8 0 0 0 0 0
Other Non-Current Liabilities 1.4 (91.3) 1.5 1.6 1.4 1.4 27.6 1.5 1.6 0.4 0.4 0.4 0.4 0.4 0.4 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0 4.4 0 1.1 1.2 1.3 1.4 1.6 1.7 3.5 21.3 21.8 0 0 1.5 0 0
Total Non-Current Liabilities 133.3 135.6 138.0 124.0 122.5 123.6 122.2 126.0 116.0 115.4 113.1 100.3 95.1 95.4 97.4 76.9 79.2 79.8 75.8 135.3 143.5 151.5 156.9 150.3 150.5 151.6 254.8 236.4 220.6 29.9 59.4 75.8 79.3 79.5 90.1 91.5 93.6 92.0 89.4 91.6 93.8 25.5 25.9 26.3 26.8 32.0
Total Liabilities 271.7 245.4 274.8 243.0 250.7 234.6 228.8 233.5 276.1 212.4 212.6 200.8 214.8 195.1 193.0 180.7 211.9 177.7 279.7 304.3 296.3 270.2 279.6 300.9 283.6 246.9 378.8 349.7 346.6 110.4 114.3 299.7 341.0 317.6 375.2 296.3 328.7 318.8 355.5 324.7 316.5 124.5 122.8 88.7 72.5 92.3
Stockholders' Equity
Common Stock 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.5
Retained Earnings 2,762.5 2,687.1 2,600.4 2,584.1 2,542.6 2,470.9 2,389.1 2,347.6 2,312.7 2,244.7 2,164.0 2,128.3 2,099.3 2,039.7 1,968.7 1,938.7 1,913.1 1,855.1 1,769.9 1,722.3 1,672.8 1,594.7 1,508.0 1,455.9 1,408.9 1,341.3 1,264.7 1,206.5 1,155.4 1,082.2 1,006.6 972.9 926.7 854.2 785.9 746.6 706.8 650.9 602.9 573.7 546.1 39.5 27.1 15.6 1.0 (4.8)
Accumulated Other Comprehensive Income (0.2) 0.5 0.6 0.2 (0.0) 0 0 (0.1) (0.1) (0.1) (0.6) (0.7) (0.4) (0.5) (0.4) (0.4) (0.3) 0 0 (0.2) (0.1) 0 0 0 0 0 (0.8) (0.7) (0.6) (0.5) (0.7) (0.5) (0.5) (0.7) (0.6) (0.6) (0.5) (0.9) (0.8) (0.7) (0.7) (0.5) (0.3) (0.1) 0.0 0.0
Total Stockholders' Equity 696.2 746.9 758.0 778.0 780.7 783.9 764.1 759.2 759.4 718.0 650.5 645.4 659.2 637.6 591.6 606.6 706.4 1,045.0 1,400.8 1,542.7 1,588.7 1,574.3 1,521.0 1,489.4 1,448.0 1,443.4 1,381.8 1,327.8 1,272.9 1,213.6 1,138.4 1,100.3 1,051.0 986.0 915.7 872.2 826.5 773.7 716.8 680.3 644.2 113.3 99.1 86.0 54.0 65.6
Total Liabilities & Equity 967.9 992.3 1,032.8 1,021.0 1,031.4 1,018.4 992.9 992.7 1,035.6 930.5 863.2 846.2 874.0 832.7 784.5 787.3 918.4 1,222.7 1,680.5 1,847.0 1,885.0 1,844.6 1,800.6 1,790.3 1,731.6 1,690.3 1,760.7 1,677.5 1,619.5 1,324.0 1,252.7 1,400.0 1,392.0 1,303.6 1,290.9 1,168.6 1,155.3 1,092.5 1,072.3 1,005.0 960.7 237.8 222.0 174.7 126.5 157.9
Debt Metrics
Total Debt 104.2 200.1 110.5 107.8 105.3 108.5 107.0 109.5 97.3 99.3 96.5 82.0 75.5 77.4 79.3 58.1 59.4 61.2 143.6 188.7 162.1 171.8 177.5 169.5 168.6 169.5 287.2 269.4 261.7 59.9 61.5 63.2 64.9 66.6 68.3 69.9 71.6 98.3 87.4 102.1 78.8 28.3 28.7 29.2 29.7 34.2
Net Debt 8.0 88.3 13.2 (84.4) (39.2) (216.1) (156.6) (131.8) (98.9) (47.2) 39.6 (61.0) (29.6) (43.0) 39.4 (81.3) (142.6) (539.8) 82.6 119.3 (63.8) (74.0) 10.6 (3.0) 36.1 47.2 167.5 203.6 173.2 (60.4) 16.7 (158.4) (177.9) (86.9) (111.9) 3.7 (16.9) 52.3 12.2 57.5 30.0 (15.1) (69.2) (33.4) 5.0 (34.0)
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 75.3 86.7 16.3 41.5 71.6 81.9 41.5 34.9 68.0 80.7 35.7 29.0 59.6 71.0 30.0 25.6 58.1 85.1 47.7 49.5 78.1 86.8 52.0 47.0 71.4 76.7 58.2 51.1 73.2 75.5 33.8 46.0 73.7 68.3 39.3 39.8 55.9 48.0 29.2 27.6 43.7
Depreciation & Amortization 10.4 10.3 10.2 9.9 9.6 9.5 9.2 9.0 8.8 8.7 8.2 7.5 7.6 7.8 7.8 7.7 7.8 7.7 7.7 7.5 7.5 7.5 7.6 7.4 7.1 7.1 6.9 6.8 6.1 3.9 3.8 14.0 13.9 13.8 13.6 13.6 13.3 12.9 11.5 10.8 10.5
Stock-Based Compensation 3.6 0 3.3 3.5 3.6 3.4 3.4 4.0 3.5 3.2 3.3 3.3 3.4 3.2 3.1 3.2 3.2 2.8 2.8 2.9 3.0 2.6 2.7 2.7 2.7 2.6 2.6 2.5 2.6 2.4 10.3 3.3 3.5 3.1 3.3 3.3 2.9 3.2 3.2 2.9 2.9
Change in Working Capital (2.5) 63.7 (127.8) 70.2 (19.4) 38.7 (55.6) 52.4 3.2 24.2 (75.5) 54.6 (9.8) 28.5 (76.5) 40.2 (1.0) 10.1 (60.2) 60.3 (0.7) 30.6 (104.3) 78.6 2.6 25.1 (62.3) 54.2 (12.4) 18.0 (93.2) (42.1) 20.4 (48.5) 72.5 (35.9) 29.3 (70.1) 51.3 (24.9) 37.2
Other Non-Cash Items (0.2) (31.5) 37.6 (0.4) (0.2) 2.0 (27.1) (0.2) (0.2) (0.3) (1.0) 0.4 0.4 (0.2) 0.4 (0.1) 0.7 (4.8) 0.2 0.2 0.1 0.2 0.2 (0.2) 0.3 0.0 (0.1) (0.2) 3.9 0.7 13.0 4.2 5.5 7.3 7.1 3.5 4.5 3.5 5.6 1.5 (0.7)
Operating Cash Flow 88.2 130.5 (48.6) 124.0 67.6 135.8 (29.4) 98.6 85.0 116.4 (29.9) 94.1 63.0 110.3 (35.6) 75.8 70.3 104.2 (1.4) 120.5 89.8 128.7 (41.0) 135.3 85.7 111.2 5.8 113.0 76.3 102.5 (47.1) 24.7 119.0 35.0 136.3 24.0 109.7 3.8 100.4 17.7 96.3
Investing Activities
Capital Expenditure (8.1) (7.6) (9.6) (8.6) (9.0) (9.9) (9.4) (9.1) (9.1) (10.4) (16.9) (9.3) (8.8) (9.0) (11.3) (8.4) (6.9) (7.6) (5.7) (7.0) (9.0) (7.5) (10.0) (6.2) (6.1) (7.3) (5.5) (5.1) (4.7) (4.4) (11.3) (43.8) (35.3) (38.2) (25.9) (30.2) (29.6) (39.6) (59.1) (82.9) (57.5)
Acquisitions 0 0 1 0 (1) 0 0 0 0 (26.4) 16.9 9.3 0.2 7.1 0 1.6 0 0 0 0 8.9 0 0 0 0 0 5.5 0 (361.2) (5.8) 11.3 43.7 35.2 (0.7) 0.7 28.8 21.7 (1.7) 42.0 65.8 1.7
Purchases of Investments (23.5) (17.0) (34.0) (31.7) (159.9) 0 0 (29.2) (19.4) (25.4) 0.3 (21.3) (52.6) (39.5) (40.7) (28.5) (62.8) 0 (5.1) (19.9) (31.3) 0 0 0 0 (7.7) 0.1 0 (1.8) (15.5) (10.2) (4.1) (17.1) (17.4) (24.4) (25.6) (26.5) (14.6) (8.6) (12.3) (13.7)
Sales/Maturities of Investments 55.6 8.7 35.4 11.5 0 0 100.9 23.5 23.2 25.9 (5.9) 19.6 24.3 46.7 36.4 27.0 0 0 49.6 11.6 5.5 1.9 1.9 2.5 4.3 0.2 0.1 0.1 56.8 14.6 17.6 19.1 13.9 15.6 24.3 17.8 7.6 4.1 8.4 44.5 12.9
Other Investing Activities 0.1 0 0.5 0 0 0 (0.2) 0 0 26.4 (16.9) (9.3) (0.2) (7.1) 0 (1.6) 0 969.9 190 (190) (8.9) 0 75 (75) 0 40 54.5 (139.9) (29.9) (11.4) (155.7) (43.7) (35.2) 0.7 0.5 (28.8) (21.7) 1.7 (42.0) (65.8) 0.5
Investing Cash Flow 24.1 (16.0) (6.9) (28.9) (169.9) (9.9) 91.3 (14.7) (5.3) (9.9) (22.5) (10.9) (37.1) (1.8) (15.7) (9.9) (69.7) 962.3 228.8 (205.3) (34.8) (5.6) 66.8 (78.7) (1.9) 25.2 54.7 (144.9) (340.9) (22.5) (148.3) (28.9) (38.5) (40.0) (25.4) (38.1) (48.6) (50.0) (59.3) (50.7) (56.0)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (82.9) (43.3) 26.7 (8.3) (8.3) (8.3) (8.3) (8.3) (115.5) 0.1 7.8 190.2 (1.6) (1.6) (1.7) (1.7) (1.7) (1.7) (1.7) (26.7) 11.3 (14.7) 23.3 (2.1)
Stock Repurchased (127.9) (100.0) (39.5) (47.4) (77.9) (64.8) (39.6) (38.7) (30.0) (16.8) (33.7) (45.3) (41.2) (28.0) (48.2) (128.5) (399.6) (443.7) (192.5) (98.3) (69.3) (36.7) (23.3) (8.3) (65.7) (18.5) (7.0) (0.3) (18.1) (5.5) (6.2) (1.0) (12.0) (1.6) 0 (0.1) (9.5) (0.1) (0.8) (0.1) (19.2)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (4.6) 0 0 0 (7.4) 0 0 0 (10.0) 0 0 0
Other Financing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.7 0.7 0.1 0.0 0.1 0.1 0.3 1.8 (0.8) 2.5 0.3 0.8 0.9 0.6 0.9 2.8 3.1 5.7 4.9 3.5 6.8
Financing Cash Flow (127.9) (100.0) (39.5) (47.4) (77.9) (64.8) (39.6) (38.7) (30.0) (16.8) (33.7) (45.3) (41.2) (28.0) (48.2) (128.5) (399.6) (526.6) (235.8) (71.6) (74.9) (44.3) (31.4) (16.6) (73.9) (133.9) (6.5) 9.2 171.3 (4.6) (7.5) (1.9) (12.8) (2.7) (0.8) 0.9 (33.1) 17.0 (10.5) 28.8 (14.5)
Cash Position
Net Change in Cash (15.6) 14.5 (95.0) 47.8 (180.1) 61.0 22.3 45.1 49.7 89.6 (86.1) 37.9 (15.4) 80.5 (99.5) (62.5) (399.0) 539.9 (8.4) (156.4) (19.9) 78.8 (5.6) 40.0 9.9 2.6 53.9 (22.7) (93.2) 75.5 (115.1) (94.0) 67.7 (7.7) 110.0 (13.2) 28.0 (29.2) 30.6 (4.2) 25.8
Cash at Beginning 111.8 97.3 192.3 144.5 324.6 263.6 241.3 196.2 146.5 56.9 142.9 105.0 120.4 39.9 139.4 201.9 600.9 61.0 69.4 225.8 245.8 166.9 172.5 132.5 122.6 120.0 66.1 88.8 182.0 106.5 221.6 315.7 248.0 255.7 145.7 158.9 130.9 75.1 44.6 48.8 23.0
Cash at End 96.1 111.8 97.3 192.3 144.5 324.6 263.6 241.3 196.2 146.5 56.9 142.9 105.0 120.4 39.9 139.4 201.9 600.9 61.0 69.4 225.8 245.8 166.9 172.5 132.5 122.6 120.0 66.1 88.8 182.0 106.5 221.6 315.7 248.0 255.7 145.7 158.9 46.0 75.1 44.6 48.8
Free Cash Flow 80.1 122.9 (58.3) 115.4 58.7 125.9 (38.8) 89.5 75.9 105.9 (46.8) 84.9 54.2 101.3 (47.0) 67.5 63.4 96.6 (7.2) 113.5 80.8 121.2 (51.0) 129.1 79.6 103.9 0.3 107.9 71.6 98.2 (58.4) (19.2) 83.7 (3.2) 110.4 (6.2) 80.0 (35.7) 41.4 (65.2) 38.8
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 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1
Income Statement
Revenue 308.8 308.1 261.1 247.5 289.3 292.6 238.3 227.5 274.7 278.3 221.9 210.6 250.1 258.7 208.7 199.8 244.1 251.4 206.8 201.5 236.9 238.3 198.4 185.8 221.7 213.2 193.3 174.8 197.3 177.5 155.5 236.8 275.7 271.4 236.2 218.3 248.2 244.7 210.4 191.3 227.0 216.0 193.4 174.7 194.1 190.0 175.1 158.6 167.4 162.4 152.4 141.5 142.0 141.3 133.6 119.3 117.1 113.0 108.9 103.1 101.7 100.0 98.9 97.5 89.3 77.5 66.1 59.4 59.0 51.7 39.4 35.1 35.1 24.8 24.8 24.8 24.8 18.0 18.0 18.0 18.0
Gross Profit 171.9 174.4 131.8 121.3 160.8 164.2 119.2 108.4 152.7 156.3 108.9 99.2 139.3 147.8 103.8 95.5 140.3 155.8 109.0 106.9 143.6 148.0 109.4 101.0 135.2 128.2 112.8 98.0 125.6 114.9 86.7 95.8 126.6 162.5 96.2 123.3 145.6 142.6 118.7 106.7 132.3 123.5 110.2 99.4 115.4 111.4 103.3 90.7 96.8 94.5 87.7 79.7 82.0 82.5 76.2 65.9 66.3 62.4 60.0 56.8 52.8 63.9 53.2 46.2 52.6 50.5 42.6 42.5 37.5 34.2 26.4 23.1 0 0 0 0 0 0 0 0 0
Operating Income 95.5 108.1 55.4 51.8 88.0 100.0 48.2 42.7 84.5 97.8 41.5 35.4 74.5 90.7 35.5 33.8 77.5 102.4 45.3 50.2 84.2 97.3 51.0 48.3 80.8 82.0 59.7 51.0 72.4 80.1 29.4 58.5 90.1 91.3 59.7 55.1 76.6 76.7 47.1 44.7 68.7 63.1 49.0 42.3 56.0 53.5 46.0 37.9 43.4 40.9 37.3 31.5 33.6 33.2 31.2 25.4 24.2 23.3 20.7 22.7 19.2 11.3 22.1 20.5 19.6 17.9 6.7 10.0 12.1 3.8 2.7 3.2 35.1 (70.2) 24.8 24.8 24.8 (51.0) 18.0 18.0 18.0
Net Income 75.3 86.7 16.3 41.5 71.6 81.9 41.5 34.9 68.0 80.7 35.7 29.0 59.6 71.0 30.0 25.6 58.1 85.1 47.7 49.5 78.1 86.8 52.0 47.0 71.4 76.7 58.2 51.1 73.2 75.5 33.8 46.0 73.7 68.3 39.3 39.8 55.9 48.0 29.2 27.6 43.7 38.1 33.3 25.8 34.2 33.1 29.0 23.1 26.3 26.2 22.5 19.1 20.9 20.9 18.5 15.6 14.5 15.3 12.9 13.3 11.3 7.6 12.9 12.4 11.5 11.1 3.5 5.8 6.9 2.2 1.3 1.6 1.6 0.4 0.4 0.4 0.4 0.1 0.1 0.1 0.1
EPS (Diluted) 2.80 3.14 0.58 1.48 2.52 2.84 1.42 1.19 2.29 2.71 1.19 0.96 1.94 2.30 0.96 0.80 1.66 2.15 1.08 1.09 1.69 1.86 1.11 1.00 1.49 1.59 1.20 1.06 1.52 1.56 0.70 0.95 1.52 1.41 0.81 0.83 1.16 1.01 0.62 0.59 0.93 0.81 0.70 0.55 0.72 0.72 0.62 0.49 0.56 0.58 0.49 0.42 0.46 0.46 0.41 0.35 0.32 0.35 0.29 0.29 0.21 0.17 0.28 0.14 0.25 0.24 0.08 0.17 0.11 0.12 0.03 0.04 0.04 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00
Balance Sheet
Cash & Equivalents 96.1 111.8 97.3 192.3 144.5 324.6 263.6 241.3 196.2 146.5 56.9 142.9 105.0 120.4 39.9 139.4 201.9 600.9 61.0 69.4 225.8 245.8 166.9 172.5 132.5 122.3 119.7 65.8 88.5 120.3 44.9 221.6 242.8 153.5 180.1 66.3 88.5 46.0 75.1 44.6 48.8 43.4 97.9 62.6 24.7 68.3
Total Assets 967.9 992.3 1,032.8 1,021.0 1,031.4 1,018.4 992.9 992.7 1,035.6 930.5 863.2 846.2 874.0 832.7 784.5 787.3 918.4 1,222.7 1,680.5 1,847.0 1,885.0 1,844.6 1,800.6 1,790.3 1,731.6 1,690.3 1,760.7 1,677.5 1,619.5 1,324.0 1,252.7 1,400.0 1,392.0 1,303.6 1,290.9 1,168.6 1,155.3 1,092.5 1,072.3 1,005.0 960.7 237.8 222.0 174.7 126.5 157.9
Total Debt 104.2 200.1 110.5 107.8 105.3 108.5 107.0 109.5 97.3 99.3 96.5 82.0 75.5 77.4 79.3 58.1 59.4 61.2 143.6 188.7 162.1 171.8 177.5 169.5 168.6 169.5 287.2 269.4 261.7 59.9 61.5 63.2 64.9 66.6 68.3 69.9 71.6 98.3 87.4 102.1 78.8 28.3 28.7 29.2 29.7 34.2
Stockholders' Equity 696.2 746.9 758.0 778.0 780.7 783.9 764.1 759.2 759.4 718.0 650.5 645.4 659.2 637.6 591.6 606.6 706.4 1,045.0 1,400.8 1,542.7 1,588.7 1,574.3 1,521.0 1,489.4 1,448.0 1,443.4 1,381.8 1,327.8 1,272.9 1,213.6 1,138.4 1,100.3 1,051.0 986.0 915.7 872.2 826.5 773.7 716.8 680.3 644.2 113.3 99.1 86.0 54.0 65.6
Cash Flow
Operating Cash Flow 88.2 130.5 (48.6) 124.0 67.6 135.8 (29.4) 98.6 85.0 116.4 (29.9) 94.1 63.0 110.3 (35.6) 75.8 70.3 104.2 (1.4) 120.5 89.8 128.7 (41.0) 135.3 85.7 111.2 5.8 113.0 76.3 102.5 (47.1) 24.7 119.0 35.0 136.3 24.0 109.7 3.8 100.4 17.7 96.3
Capital Expenditure (8.1) (7.6) (9.6) (8.6) (9.0) (9.9) (9.4) (9.1) (9.1) (10.4) (16.9) (9.3) (8.8) (9.0) (11.3) (8.4) (6.9) (7.6) (5.7) (7.0) (9.0) (7.5) (10.0) (6.2) (6.1) (7.3) (5.5) (5.1) (4.7) (4.4) (11.3) (43.8) (35.3) (38.2) (25.9) (30.2) (29.6) (39.6) (59.1) (82.9) (57.5)
Free Cash Flow 80.1 122.9 (58.3) 115.4 58.7 125.9 (38.8) 89.5 75.9 105.9 (46.8) 84.9 54.2 101.3 (47.0) 67.5 63.4 96.6 (7.2) 113.5 80.8 121.2 (51.0) 129.1 79.6 103.9 0.3 107.9 71.6 98.2 (58.4) (19.2) 83.7 (3.2) 110.4 (6.2) 80.0 (35.7) 41.4 (65.2) 38.8