Moelis & Company logo MC - Moelis & Company

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 13
SELL 3
STRONG
SELL
0
| PRICE TARGET: $73.40 DETAILS
HIGH: $83.00
LOW: $58.00
MEDIAN: $78.00
CONSENSUS: $73.40
UPSIDE: 11.62%
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
Revenue
Revenue 319.8 487.9 356.9 365.4 306.6 438.7 273.8 264.6 217.5 214.9 272.2 179.9 187.8 207.2 233.5 242.5 302.1 425.0 490.8 360.9 263.9 422.0 207.6 159.9 153.7 223.5 231.7 153.5 137.8 238.3 207.7 220.4 219.4 169.2 170.0 172.1 173.3 204.6 150.7 131.7 126.4 174.8 151.8 125.9 99.4 143.9 128.7 131.7 114.5 154.3 98.7 98.5 59.8 126.3
Cost of Revenue 210.4 3.4 255.4 0 211.5 257.1 210.7 197.9 164.5 178.5 242.2 145.8 148.2 141.0 160.4 140.1 176.6 235.8 307.6 214.0 156.5 188.9 127.1 149.6 95.1 172.1 141.7 84.5 90.2 137.9 120.7 128.1 127.2 99.2 99.7 100.8 101.7 120.0 88.0 78.2 74.7 99.9 86.3 69.7 55.4 76.4 68.1 162.2 70.4 98.0 65.0 58.4 43.6 0
Gross Profit 109.4 484.6 101.5 365.4 95.0 181.6 63.1 66.7 53.0 36.4 29.9 34.1 39.6 66.2 73.1 102.4 125.5 189.2 183.2 146.9 107.4 233.1 80.5 10.3 58.6 51.4 90.0 69.0 47.6 100.4 87.0 92.3 92.2 70.0 70.3 71.3 71.5 84.6 62.6 53.5 51.7 74.9 65.5 56.2 44.0 67.5 60.5 (30.5) 44.1 56.3 33.8 40.1 16.3 126.3
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
SG&A Expenses 32.7 317.8 28.4 7.4 28.4 28.3 28.7 25.0 25.5 28.4 32.4 25.0 21.6 29.7 29.4 31.3 26.5 20.9 19.8 20.7 22.4 19.5 20.8 20.4 19.9 18.0 17.0 18.0 18.0 19.9 18.3 18.4 17.4 17.2 15.3 14.8 14.9 14.7 12.4 14.1 12.1 16.8 13.8 12.3 11.3 12.3 13.5 12.5 10.4 11.7 9.9 9.6 9.8 87.8
Other Expenses 36.1 38.7 24.7 297.3 29.8 21.8 18.8 21.6 21.7 17.4 17.6 18.7 19.4 7.1 8.6 8.9 9.5 15.2 11.3 8.0 12.6 7.1 7.7 7.0 14.3 16.6 18.7 17.2 20.0 17.4 15.8 18.2 19.8 14.1 15.2 13.9 13.6 8.4 10.1 8.9 10.7 14.7 11.8 11.1 11.3 9.8 11.2 14.3 9.7 11.0 9.3 7.8 7.3 0
Operating Expenses 68.9 356.6 53.2 304.7 58.1 50.1 47.5 46.6 47.2 45.7 50.0 43.7 41.0 36.7 38.0 40.2 36.0 36.1 31.1 28.7 34.9 26.6 28.5 27.5 34.1 34.7 35.7 35.2 38.0 37.3 34.1 36.7 37.2 31.4 30.5 28.6 28.5 23.1 22.5 23.0 22.8 31.5 25.6 23.4 22.6 22.1 24.7 26.8 20.1 22.7 19.2 17.4 17.0 98.5
Operating Income
Operating Income 40.5 128.0 48.3 60.6 36.9 131.5 15.6 20.1 5.8 (9.3) (20.0) (9.6) (1.4) 29.4 35.0 62.2 89.4 153.1 152.1 118.2 72.4 206.5 52.0 (17.2) 24.4 16.8 54.3 33.9 9.6 63.2 52.9 55.6 55.1 38.7 39.9 42.7 43.0 61.5 40.1 30.6 28.9 43.4 39.9 32.8 21.4 45.3 35.8 (57.3) 23.9 33.6 14.5 22.7 (0.8) 26.2
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.3 7.9 10.1 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
Interest Income 0 0 0.1 0.1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 44.0 141.3 51.3 63.4 39.7 134.3 18.4 22.5 8.2 (7.1) (18.0) (7.7) 0.7 31.6 37.0 64.0 91.5 155.3 154.1 119.9 73.9 208.0 52.9 (16.1) 25.6 18.0 55.6 35.2 10.8 64.5 54.0 56.7 56.1 39.6 40.8 43.5 43.9 62.3 40.9 31.4 29.6 44.1 40.6 33.5 22.0 46.0 36.3 (56.8) 24.5 34.2 15.1 23.3 (0.2) 1.6
EBIT 40.5 138.0 48.3 60.6 36.9 131.5 15.6 20.1 5.8 (9.3) (20.0) (9.6) (1.4) 29.4 35.0 62.2 89.4 153.1 152.1 118.2 72.4 206.5 52.0 (17.2) 24.4 16.8 54.3 33.9 9.6 63.2 52.9 55.6 55.1 38.7 39.9 42.7 43.0 61.5 40.1 30.6 28.9 43.4 39.9 32.8 21.4 45.3 35.8 (57.3) 23.9 33.6 14.5 22.7 (0.8) 27.9
Income Before Tax 46.2 138.0 82.3 64.1 43.1 137.5 26.7 21.8 10.0 (4.2) (10.1) (15.2) 0.4 32.3 37.7 59.2 87.2 157.1 182.6 121.0 75.6 217.4 50.3 (20.4) 22.8 28.3 68.6 38.9 11.7 68.2 54.5 59.2 56.5 187.3 57.6 59.1 46.4 62.8 41.9 30.9 31.1 47.0 39.9 32.9 24.3 46.2 37.5 (60.2) 22.7 34.9 15.2 22.2 0.7 27.9
Income Tax Expense 3.9 39.0 22.2 17.4 (10.7) 37.7 7.4 6.9 (7.5) 2.3 1.3 (2.0) (3.2) 9.6 9.1 15.3 13.6 43.6 42.1 27.8 (0.2) 61.9 8.5 (11.4) (7.3) 1.2 13.9 1.2 (4.5) 12.2 9.6 6.0 2.6 192.9 14.4 9.5 7.0 8.1 6.5 4.7 5.4 8.2 5.3 6.1 4.3 8.0 4.7 0.4 0.6 5.4 0.7 1.0 0.0 1.8
Net Income 38.4 87.9 53.4 41.5 50.3 89.4 16.9 13.2 16.6 (5.7) (10.7) (12.0) 3.7 20.1 25.6 39.0 65.7 99.0 120.3 79.3 66.5 126.5 33.0 (5.7) 25.1 21.5 40.6 29.5 13.6 39.2 32.4 35.7 33.3 (24.8) 19.2 19.7 15.3 15.0 9.5 6.9 7.0 10.5 10.1 7.1 5.3 9.5 6.5 (19.0) 22.1 (29.1) 14.4 21.1 0.7 26.1
Per Share Data
EPS (Basic) 0.51 1.17 0.71 0.55 0.68 1.24 0.23 0.18 0.24 -0.08 -0.16 -0.17 0.05 0.30 0.37 0.56 0.94 1.54 1.91 1.26 1.09 2.14 0.58 -0.10 0.48 0.42 0.80 0.59 0.28 0.82 0.72 0.85 0.92 -0.74 0.59 0.70 0.58 0.71 0.45 0.33 0.34 0.55 0.50 0.36 0.27 0.56 0.43 -1.25 1.55 -3.78 1.88 2.74 0.09 3.39
EPS (Diluted) 0.48 1.10 0.67 0.53 0.64 1.15 0.22 0.17 0.22 -0.08 -0.16 -0.17 0.05 0.28 0.37 0.56 0.94 1.41 1.76 1.17 1.00 1.97 0.54 -0.10 0.44 0.38 0.73 0.54 0.25 0.72 0.61 0.72 0.75 -0.72 0.48 0.57 0.46 0.58 0.39 0.29 0.31 0.50 0.47 0.34 0.25 0.52 0.40 -1.25 1.55 -3.78 1.88 2.74 0.09 3.39
Shares Outstanding 75.4 75.1 75.0 75.6 73.9 72.5 72.3 72.1 70.2 68.9 68.8 68.5 67.0 65.9 69.8 69.8 70.0 64.3 63.0 63.2 60.9 59.2 56.8 55.3 52.7 51.6 51.1 50.1 48.3 47.6 45.2 41.8 36.2 33.5 32.5 28.2 26.2 21.0 20.9 20.7 20.4 20.4 20.2 20.0 19.7 17.1 15.3 15.3 14.3 7.7 7.7 7.7 7.7 7.7
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
Current Assets
Cash & Cash Equivalents 152.9 508.6 281.6 221.7 184.5 412.5 145.3 150.4 102.6 186.4 147.5 160.2 134.6 206.8 148.2 138.8 130.4 520.2 278.7 196.5 155.4 202.5 85.5 93.0 124.2 167.8 48.9 108.4 69.1 261.1 86.9 132.9 131.0 213.2 127.6 179.9 156.3 318.9 202.6 113.1 90.6
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 0 0
Net Receivables 125.3 82.2 99.3 102.8 93.3 73.7 88.0 74.5 85.2 63.6 46.5 51.7 49.0 56.3 63.7 75.8 54.6 69.6 133.1 99.7 117.3 101.2 78.8 56.6 52.0 55.8 114.9 49.2 55.0 68.6 81.5 126.6 61.1 61.6 62.4 37.9 39.2 30.5 35.3 37.3 31.2
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 0
Other Current Assets 0.8 29.5 0.9 0.8 0.8 0.7 0.7 0.8 0.6 0.8 0.8 0.6 0.8 0.7 0.7 0.6 0.6 0.8 1.0 1.1 1.1 0.8 0.6 0.7 0.6 0.8 0.7 0.7 0.3 0.7 0.8 0.6 0.6 0.7 0.8 0.6 0.6 0.7 0.8 0.7 0.8
Total Current Assets 279.0 620.3 381.7 325.3 278.7 486.9 234.1 225.8 188.5 250.8 194.8 212.5 184.3 263.9 254.3 215.2 204.2 590.6 429.2 297.2 273.7 304.5 164.9 150.2 176.8 224.4 164.6 158.2 124.5 330.4 169.2 260.0 192.7 275.5 190.8 218.4 196.2 350.0 238.7 151.2 122.6
Non-Current Assets
Property, Plant & Equipment 314.5 306.7 307.4 242.3 242.4 245.8 234.2 231.9 234.8 235.8 237.6 221.1 205.8 209.5 210.9 215.5 219.7 223.2 220.7 224.9 223.9 227.0 221.5 216.0 212.5 204.8 62.2 61.2 67.9 12.7 12.0 11.4 10.5 10.5 10.3 9.7 9.3 8.4 9.1 9.4 8.9
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 0
Intangible Assets 0 0.8 0 0 0 0 0 0 0 1.2 0 0 1.5 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
Long-Term Investments 228.8 369.1 366.8 290.2 188.4 184.6 188.3 87.2 67.7 210.4 197.7 87.2 91.7 265.2 247.4 191.9 228.3 263.3 338.6 130.4 118.4 211.8 219.5 139.0 58.9 213.2 159.7 62.0 70.6 143.9 204.7 117.8 85.2 155.0 162.1 106.9 52.2 54.3 53.8 82.4 67.1
Other Non-Current Assets 99.9 73.2 71.6 70.4 65.5 51.1 57.0 62.0 70.5 44.4 54.4 59.5 70.2 48.6 18.1 65.6 22.3 30.4 13.8 34.2 31.7 28.7 29.7 31.2 33.5 28.8 26.4 26.5 26.2 24.5 24.2 24.3 26.0 24.2 26.1 26.2 24.1 18.3 20.1 22.4 24.5
Total Non-Current Assets 1,010.2 1,192.4 1,135.5 1,017.3 927.7 892.0 919.0 825.1 824.0 928.9 925.7 805.4 804.7 953.0 904.1 901.3 893.0 965.1 990.3 810.8 797.4 891.9 901.0 823.7 712.9 847.3 641.7 556.5 557.2 584.0 653.8 467.5 435.1 423.6 604.3 409.4 358.9 248.8 251.6 281.8 265.9
Total Assets 1,289.2 1,812.7 1,517.2 1,342.5 1,206.4 1,378.9 1,153.1 1,050.8 1,012.5 1,179.8 1,120.5 1,017.9 989.0 1,216.9 1,158.4 1,116.5 1,097.3 1,555.7 1,419.5 1,108.0 1,071.1 1,196.4 1,065.9 973.9 889.7 1,071.7 806.2 714.8 681.7 914.4 823.0 727.5 627.8 699.1 795.1 627.8 555.0 598.8 490.3 433.0 388.4
Current Liabilities
Account Payables 57.9 43.6 34.9 32.5 47.9 33.6 27.8 25.1 43.4 32.6 27.9 27.2 29.2 11.9 7.0 13.2 52.3 69.9 21.0 7.4 24.6 25.0 10.1 10.6 24.8 16.1 6.4 6.4 1.4 26.6 16.9 6.2 16.5 18.3 9.8 4.8 18.1 14.3 13.1 16.9 16.7
Short-Term Debt 0 28.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 7.8 9.1 3.2 7.2 8.2 5.6 14.2 3.7 5.7 4.6 4.2 10.4 4.1 7.7 3.5 6.8 5.6 4.5 3.9 11.6 8.1 2.7 7.5 4.7 4.5 3.0 4.0 11.4 10.1 7.1 6.6 3.9 2.9 4.9 3.8 2.9 9.5 3.0 13.3 9.3 9.2
Other Current Liabilities 0 (793.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (383.3) (335.9) (324.5) (6.8) (482.4) (363.4) (316.7) (340.6) (435.3) (344.3) (262.6) (334.9) (203.6) (184.9) (165.0)
Total Current Liabilities 399.8 28.9 630.9 527.7 420.4 676.3 546.5 457.2 407.9 601.6 523.5 411.1 367.3 565.2 519.2 475.0 465.0 885.5 722.4 531.0 416.6 555.4 457.8 418.4 342.5 480.2 387.3 347.3 334.7 535.8 489.0 367.3 319.6 345.6 439.1 347.2 272.1 337.9 216.9 194.2 174.2
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Tax Liabilities 0 72.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (4.0) (11.4) (10.1) 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 784.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (3.9) (11.6) (8.1) (2.7) (7.5) (4.7) (4.5) (3.0) 379.5 324.8 314.9 (7.1) 489.5 370.4 324.7 349.9 444.2 353.7 272.3 344.4 214.5 186.7 174.3
Total Non-Current Liabilities 267.2 1,103.4 267.7 218.8 220.1 223.2 211.4 209.2 211.8 215.7 216.9 201.1 189.6 192.8 194.4 196.4 187.4 191.9 191.2 192.3 193.9 196.6 193.4 194.9 194.6 197.6 54.4 54.6 59.9 6.8 7.1 7.1 8 9.2 8.9 9.3 9.8 9.5 11.0 11.1 9.3
Total Liabilities 667.0 1,132.3 898.6 746.5 640.5 899.6 758.0 666.4 619.7 817.3 740.4 612.2 556.9 757.9 713.5 671.3 652.4 1,077.4 913.6 723.2 610.5 752.0 651.3 613.3 537.1 677.9 441.7 401.9 394.5 542.6 496.1 374.4 327.6 354.8 448.0 356.6 281.8 347.4 227.8 205.3 183.5
Stockholders' Equity
Common Stock 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 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 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Retained Earnings (817.3) (801.2) (836.7) (837.6) (825.1) (821.6) (862.1) (831.1) (799.1) (767.6) (716.7) (660.5) (603.1) (560.7) (536.9) (519.6) (514.5) (535.3) (414.9) (493.5) (393.2) (420.7) (384.7) (401.1) (378.8) (324.2) (316.1) (327.4) (327.6) (237.8) (250.6) (182.3) (194.4) (139.9) (99.1) (102.3) (70.8) (68.2) (37.6) (38.0) (36.2)
Accumulated Other Comprehensive Income (7.3) (7.1) (5.8) (4.4) (5.6) (6.7) (2.1) (4.2) (4.6) (3.9) (4.8) (4.0) (4.3) (4.5) (9.7) (5.5) (1.2) (0.6) (1.7) 1.0 (0.9) (0.2) (0.4) 0.1 0.1 1.4 0.4 0.7 0.7 0.3 (0.0) 0.5 1.7 0.4 0.5 0.1 (0.3) (0.5) (0.4) (0.1) 0.1
Total Stockholders' Equity 487.1 568.4 535.0 516.0 484.5 441.6 367.5 357.5 364.5 352.1 367.1 390.2 411.1 444.5 430.3 435.0 437.1 489.1 516.8 412.2 481.5 479.9 468.1 420.7 415.6 442.8 413.9 369.1 346.4 404.4 370.5 377.3 330.0 324.9 335.9 277.6 266.0 211.8 208.8 188.7 166.7
Total Liabilities & Equity 1,289.2 1,812.7 1,517.2 1,342.5 1,206.4 1,378.9 1,153.1 1,050.8 1,012.5 1,179.8 1,120.5 1,017.9 989.0 1,216.9 1,158.4 1,116.5 1,097.3 1,555.7 1,419.5 1,108.0 1,071.1 1,196.4 1,065.9 973.9 889.7 1,071.7 806.2 714.8 681.7 914.4 823.0 727.5 627.8 699.1 795.1 627.8 555.0 598.8 490.3 433.0 388.4
Debt Metrics
Total Debt 267.2 267.2 267.7 218.8 220.1 223.2 211.4 209.2 211.8 215.7 216.9 201.1 189.6 192.8 194.4 196.4 187.4 191.9 191.2 192.3 193.9 196.6 193.4 194.9 194.6 197.6 54.2 54.3 59.3 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt 114.2 (241.4) (13.8) (2.9) 35.5 (189.2) 66.1 58.8 109.2 29.3 69.4 40.9 55.0 (14.0) 46.1 57.6 57.0 (328.3) (87.5) (4.2) 38.5 (5.9) 107.9 102.0 70.4 29.8 5.2 (54.1) (9.8) (261.1) (86.9) (132.9) (131.0) (213.2) (127.6) (179.9) (156.3) (318.9) (202.6) (113.1) (90.6)
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 42.3 87.9 60.1 50.3 50.3 99.8 16.9 14.9 17.5 (5.7) (10.7) (13.2) 3.7 22.7 28.6 43.9 73.6 113.5 140.5 93.2 75.8 155.6 41.8 (9.0) 30.1 27.1 54.7 37.7 16.2 56.0 44.9 53.1 54.0 (5.7) 43.3 49.5 39.4 54.7 35.3 26.2 25.6
Depreciation & Amortization 3.5 3.4 3.0 2.8 2.8 2.8 2.8 2.4 2.4 2.3 2.0 1.9 2.1 2.2 1.9 1.8 2.0 2.2 1.9 1.6 1.4 1.5 0.9 1.1 1.2 1.2 1.3 1.3 1.2 1.3 1.1 1.1 1.1 1.0 0.9 0.8 0.9 0.8 0.8 0.8 0.7
Stock-Based Compensation 72.2 0 40.2 41.6 86.2 38.7 36.8 26.0 60.0 33.0 32.0 33.6 59.6 32.2 28.8 30.9 37.1 59.1 28.8 29.0 51.0 35.9 30.1 29.4 38.3 26.7 30.4 28.2 38.9 34.3 30.4 26.1 32.2 23.4 23.2 23.8 25.9 20.7 17.6 22.0 16.7
Change in Working Capital (402.7) 152.2 102.2 95.4 (296.7) 149.7 78.6 89.8 (240.3) 71.2 123.4 53.7 (216.5) 63.4 62.8 (24.3) (416.1) 222.6 166.9 132.7 (175.2) 98.0 14.7 59.3 (140.5) 163.1 (28.5) 21.8 (192.9) 70.8 88.7 (18.4) (92.3) 45.1 4.9 18.7 (90.4) 59.9 28.1 17.3 (93.2)
Other Non-Cash Items 2.0 95.3 (28.5) (3.2) 2.6 (4.0) (5.3) (0.0) 2.9 (0.8) (8.0) (2.9) 2.1 4.2 2.0 3.6 4.9 (2.1) (27.0) (4.7) 2.8 (11.3) 3.9 4.8 4.6 (11.0) (12.0) (3.5) 3.7 (4.3) (0.4) (0.6) 5.1 (143.9) (15.2) (3.2) (0.9) 0.5 (1.3) (0.2) (0.8)
Operating Cash Flow (278.8) 338.7 198.9 204.2 (165.5) 315.3 137.2 140.0 (165.0) 99.3 140.1 71.2 (152.1) 122.4 125.5 57.5 (272.5) 389.8 315.3 254.8 (23.0) 325.8 100.6 75.9 (73.1) 200.6 59.2 71.9 (122.3) 158.3 162.6 62.6 7.4 97.9 62.7 97.9 (25.2) 137.6 79.4 65.1 (50.7)
Investing Activities
Capital Expenditure (12.8) (9.2) (19.3) (4.8) (3.1) (2.3) (2.1) (2.3) (5.4) (5.3) (4.7) (5.6) (1.1) (2.0) (1.1) (0.3) (2.5) (4.5) (1.8) (6.6) (3.5) (9.4) (9.6) (8.5) (13.1) (0.9) (0.9) (2.4) (2.2) (2.0) (1.8) (2.1) (1.1) (1.1) (1.5) (1.2) (1.8) (0.1) (0.5) (1.3) (1.0)
Acquisitions 0 0 0 0 0 0 0 0 0 (48.6) 103.3 (7.4) 0 0 54.7 (33.1) 0 29.2 0 0 0 0 0 0 0 18.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (201.7) (116.2) (151.8) (104.2) (152.5) 0 (128.6) (18.3) (22.6) (61.4) (114.6) (34.6) 0 (47.9) (95.2) (74.2) (117.4) (105.6) (263.7) (38.1) (78.7) (130.6) (130.0) (101.8) (28.2) (90.8) (112.3) 0 (9.2) (35.9) (92.5) (47.5) (8.0) (8.0) (73.4) (70.4) (28.0) (25.0) (25.0) (43.0) (28.0)
Sales/Maturities of Investments 341.2 116.4 68 3 148.4 6 18.6 0 163.7 51.3 11.3 42.0 171.3 37.5 40.5 107.2 147.2 186.2 68.2 28.8 173.0 139.0 50.0 21.2 181.2 30.2 0 9.3 80.6 101.0 6.5 17 75.3 26.9 35.8 20 33 25.0 55 28 18.0
Other Investing Activities 0.9 (0.7) 29.9 (0.1) 0.2 0 16.7 0 (6.3) 48.6 (103.3) 7.4 0 (3) (54.7) 33.1 0 (29.2) 29.2 0 0.1 0 0 (0.2) 0 0 28.3 9.3 71.3 65.0 0.2 (0.0) 0.2 0.2 0.2 (0.4) 0.4 0.1 (0.6) (0.0) (0.3)
Investing Cash Flow 127.6 (9.7) (73.2) (106.1) (7.0) 3.7 (95.3) (20.6) 129.4 (15.4) (108.0) 1.8 170.2 (15.4) (55.8) 32.7 27.4 76.1 (168.1) (15.9) 90.9 (1.1) (89.6) (89.3) 140.0 (42.9) (85.0) 6.9 69.1 63.0 (87.6) (32.6) 66.5 17.9 (39.1) (52.0) 3.7 (0.0) 29.0 (16.3) (11.3)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (117.3) (46.1) (15.2) (1.6) (11.6) (1.1) (1.0) (0.3) (8.4) (1.5) (0.8) (0.2) (44.5) (1.2) (13.5) (34.9) (97.9) (4.1) (4.1) (21.7) (74.2) (11.0) (1.0) (0.8) (31.6) (9.1) (2.5) (12.6) (27.0) (33.5) (0.7) (3.4) (20.9) (2.4) (0.1) (1.7) (0.1) (0.7) (0.0) (0.8) (1.8)
Dividends Paid (54.9) (53.1) (51.4) (59.1) (45.1) (45.9) (47.6) (51.5) (39.3) (44.7) (44.5) (46.9) (46.0) (44.9) (41.6) (42.5) (45.6) (220.4) (41.3) (178.6) (39.7) (160.0) (17.1) (17.1) (88.7) (31.1) (32.6) (31.8) (113.7) (27.7) (119) (30.1) (137.0) (127.6) (27.2) (77.3) (78.0) (19.0) (17.8) (25.1) (92.8)
Other Financing Activities (32.2) (0.3) 0 (0.3) 0 0 0 (20.1) 0 0 (0.0) 0 0 (6.4) 1.8 0 (0.1) (2.1) (16.3) 0 0 (36.5) 0 0.1 11.8 (0.2) 2.0 5.4 0.5 13.8 0.1 6.3 0.4 96.9 (49.4) 54.1 (12.6) 0.0 0 0.1 (70.3)
Financing Cash Flow (204.4) (99.5) (66.6) (61.1) (56.7) (47.0) (48.6) (71.9) (47.7) (46.2) (45.3) (47.2) (90.6) (52.5) (53.3) (77.4) (143.7) (226.6) (61.7) (200.4) (113.9) (207.5) (18.1) (17.7) (108.5) (40.4) (33.0) (39.1) (140.2) (47.4) (119.6) (27.2) (157.6) (30.7) (76.8) (23.2) (141.8) (19.6) (17.9) (25.8) (94.7)
Cash Position
Net Change in Cash (355.6) 226.9 59.9 37.1 (227.8) 267.1 (5.2) 48.0 (84.0) 39.0 (12.6) 25.4 (72.2) 58.6 9.5 8.4 (390.0) 241.3 82.2 41.0 (46.8) 117.1 (7.5) (31.1) (43.8) 118.9 (59.4) 39.6 (192.3) 174.1 (45.8) 1.8 (82.3) 85.6 (52.3) 23.6 (162.6) 116.3 89.5 22.6 (157.5)
Cash at Beginning 509.4 282.4 222.5 185.4 413.2 146.1 151.2 103.3 187.2 148.2 160.8 135.4 207.5 148.9 139.4 131.1 521.0 279.7 197.5 156.5 203.3 86.1 93.7 124.8 168.6 49.6 109.0 69.5 261.8 87.7 133.4 131.6 213.9 127.6 179.9 156.3 318.9 202.6 113.1 90.6 248.0
Cash at End 153.7 509.4 282.4 222.5 185.4 413.2 146.1 151.2 103.3 187.2 148.2 160.8 135.4 207.5 148.9 139.4 131.1 521.0 279.7 197.5 156.5 203.3 86.1 93.7 124.8 168.6 49.6 109.0 69.5 261.8 87.7 133.4 131.6 213.2 127.6 179.9 156.3 318.9 202.6 113.1 90.6
Free Cash Flow (291.6) 329.6 179.6 199.4 (168.6) 313.0 135.1 137.6 (170.4) 94.1 135.4 65.6 (153.2) 120.4 124.4 57.2 (274.9) 385.3 313.5 248.3 (26.5) 316.3 91.0 67.4 (86.2) 199.6 58.2 69.5 (124.5) 156.3 160.8 60.5 6.3 96.8 61.1 96.6 (27.0) 137.5 78.9 63.8 (51.7)
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
Income Statement
Revenue 319.8 487.9 356.9 365.4 306.6 438.7 273.8 264.6 217.5 214.9 272.2 179.9 187.8 207.2 233.5 242.5 302.1 425.0 490.8 360.9 263.9 422.0 207.6 159.9 153.7 223.5 231.7 153.5 137.8 238.3 207.7 220.4 219.4 169.2 170.0 172.1 173.3 204.6 150.7 131.7 126.4 174.8 151.8 125.9 99.4 143.9 128.7 131.7 114.5 154.3 98.7 98.5 59.8 126.3
Gross Profit 109.4 484.6 101.5 365.4 95.0 181.6 63.1 66.7 53.0 36.4 29.9 34.1 39.6 66.2 73.1 102.4 125.5 189.2 183.2 146.9 107.4 233.1 80.5 10.3 58.6 51.4 90.0 69.0 47.6 100.4 87.0 92.3 92.2 70.0 70.3 71.3 71.5 84.6 62.6 53.5 51.7 74.9 65.5 56.2 44.0 67.5 60.5 (30.5) 44.1 56.3 33.8 40.1 16.3 126.3
Operating Income 40.5 128.0 48.3 60.6 36.9 131.5 15.6 20.1 5.8 (9.3) (20.0) (9.6) (1.4) 29.4 35.0 62.2 89.4 153.1 152.1 118.2 72.4 206.5 52.0 (17.2) 24.4 16.8 54.3 33.9 9.6 63.2 52.9 55.6 55.1 38.7 39.9 42.7 43.0 61.5 40.1 30.6 28.9 43.4 39.9 32.8 21.4 45.3 35.8 (57.3) 23.9 33.6 14.5 22.7 (0.8) 26.2
Net Income 38.4 87.9 53.4 41.5 50.3 89.4 16.9 13.2 16.6 (5.7) (10.7) (12.0) 3.7 20.1 25.6 39.0 65.7 99.0 120.3 79.3 66.5 126.5 33.0 (5.7) 25.1 21.5 40.6 29.5 13.6 39.2 32.4 35.7 33.3 (24.8) 19.2 19.7 15.3 15.0 9.5 6.9 7.0 10.5 10.1 7.1 5.3 9.5 6.5 (19.0) 22.1 (29.1) 14.4 21.1 0.7 26.1
EPS (Diluted) 0.48 1.10 0.67 0.53 0.64 1.15 0.22 0.17 0.22 -0.08 -0.16 -0.17 0.05 0.28 0.37 0.56 0.94 1.41 1.76 1.17 1.00 1.97 0.54 -0.10 0.44 0.38 0.73 0.54 0.25 0.72 0.61 0.72 0.75 -0.72 0.48 0.57 0.46 0.58 0.39 0.29 0.31 0.50 0.47 0.34 0.25 0.52 0.40 -1.25 1.55 -3.78 1.88 2.74 0.09 3.39
Balance Sheet
Cash & Equivalents 152.9 508.6 281.6 221.7 184.5 412.5 145.3 150.4 102.6 186.4 147.5 160.2 134.6 206.8 148.2 138.8 130.4 520.2 278.7 196.5 155.4 202.5 85.5 93.0 124.2 167.8 48.9 108.4 69.1 261.1 86.9 132.9 131.0 213.2 127.6 179.9 156.3 318.9 202.6 113.1 90.6
Total Assets 1,289.2 1,812.7 1,517.2 1,342.5 1,206.4 1,378.9 1,153.1 1,050.8 1,012.5 1,179.8 1,120.5 1,017.9 989.0 1,216.9 1,158.4 1,116.5 1,097.3 1,555.7 1,419.5 1,108.0 1,071.1 1,196.4 1,065.9 973.9 889.7 1,071.7 806.2 714.8 681.7 914.4 823.0 727.5 627.8 699.1 795.1 627.8 555.0 598.8 490.3 433.0 388.4
Total Debt 267.2 267.2 267.7 218.8 220.1 223.2 211.4 209.2 211.8 215.7 216.9 201.1 189.6 192.8 194.4 196.4 187.4 191.9 191.2 192.3 193.9 196.6 193.4 194.9 194.6 197.6 54.2 54.3 59.3 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 487.1 568.4 535.0 516.0 484.5 441.6 367.5 357.5 364.5 352.1 367.1 390.2 411.1 444.5 430.3 435.0 437.1 489.1 516.8 412.2 481.5 479.9 468.1 420.7 415.6 442.8 413.9 369.1 346.4 404.4 370.5 377.3 330.0 324.9 335.9 277.6 266.0 211.8 208.8 188.7 166.7
Cash Flow
Operating Cash Flow (278.8) 338.7 198.9 204.2 (165.5) 315.3 137.2 140.0 (165.0) 99.3 140.1 71.2 (152.1) 122.4 125.5 57.5 (272.5) 389.8 315.3 254.8 (23.0) 325.8 100.6 75.9 (73.1) 200.6 59.2 71.9 (122.3) 158.3 162.6 62.6 7.4 97.9 62.7 97.9 (25.2) 137.6 79.4 65.1 (50.7)
Capital Expenditure (12.8) (9.2) (19.3) (4.8) (3.1) (2.3) (2.1) (2.3) (5.4) (5.3) (4.7) (5.6) (1.1) (2.0) (1.1) (0.3) (2.5) (4.5) (1.8) (6.6) (3.5) (9.4) (9.6) (8.5) (13.1) (0.9) (0.9) (2.4) (2.2) (2.0) (1.8) (2.1) (1.1) (1.1) (1.5) (1.2) (1.8) (0.1) (0.5) (1.3) (1.0)
Free Cash Flow (291.6) 329.6 179.6 199.4 (168.6) 313.0 135.1 137.6 (170.4) 94.1 135.4 65.6 (153.2) 120.4 124.4 57.2 (274.9) 385.3 313.5 248.3 (26.5) 316.3 91.0 67.4 (86.2) 199.6 58.2 69.5 (124.5) 156.3 160.8 60.5 6.3 96.8 61.1 96.6 (27.0) 137.5 78.9 63.8 (51.7)