Medpace Holdings, Inc. logo MEDP - Medpace Holdings, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 12
SELL 1
STRONG
SELL
0
| PRICE TARGET: $498.86 DETAILS
HIGH: $582.00
LOW: $400.00
MEDIAN: $484.00
CONSENSUS: $498.86
UPSIDE: 15.26%
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 Q1
Revenue
Revenue 706.6 708.5 659.9 603.3 558.6 536.6 533.3 528.1 511.0 498.4 492.5 460.9 434.1 394.1 383.7 351.2 330.9 308.6 295.6 278.3 260.0 259.7 230.4 205.0 230.9 229.9 216.2 214.1 200.7 192.1 179.3 170.1 163.1 112.7 110.6 106.2 106.6 108.2 107.8 106.0 99.6 96.0 92.1 87.9 83.0 77.9
Cost of Revenue 510.3 503.1 463.0 423.3 380.2 358.3 364.3 374.3 355.9 361.6 359.3 336.6 303.9 278.4 264.7 252.2 232.3 220.6 208.5 203.6 181.5 176.8 156.2 148.4 165.8 167.2 152.1 150.3 145.7 131.1 124.0 116.7 117.3 68.8 65.1 63.6 63.9 63.9 64.2 62.6 58.8 54.6 52.3 49.7 46.1 46.4
Gross Profit 196.3 205.3 196.9 180.0 178.3 178.3 169.0 153.8 155.1 136.8 133.2 124.3 130.2 115.7 119.0 99.0 98.7 88.0 87.1 74.7 78.4 82.9 74.2 56.6 65.1 62.7 64.2 63.8 55.0 61.0 55.3 53.5 45.8 43.9 45.5 42.6 42.7 44.3 43.6 43.4 40.8 41.5 39.9 38.2 36.9 31.5
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
SG&A Expenses 47.9 44.9 48.1 46.7 57.9 45.4 49.2 41.5 44.1 42.5 41.4 39.4 38.0 33.4 35.4 33.2 29.4 27.7 28.0 27.0 25.7 22.4 22.8 21.9 25.1 21.3 29.1 23.6 21.3 20.6 18.6 20.5 16.0 16.8 16.6 14.8 15.2 16.8 16.4 14.8 13.5 18.3 15.3 11.7 11.7 10.2
Other Expenses 6.9 7.1 7.0 7.0 6.9 7.5 7.5 7.2 7.0 7.0 6.9 6.5 6.0 5.9 5.8 5.5 5.1 5.5 5.3 5.2 5.1 5.5 4.9 4.7 4.5 5.3 5.1 5.0 7.8 9.7 9.7 9.6 9.7 11.6 11.7 11.6 11.6 14.6 14.6 14.5 14.4 24.1 17.4 18.6 18.8 19.5
Operating Expenses 54.8 52.0 55.1 53.7 64.8 52.9 56.7 48.7 51.1 49.5 48.3 45.9 44.0 39.3 41.2 38.8 34.5 33.1 33.4 32.2 30.8 27.9 27.7 26.5 29.6 26.6 34.2 28.5 29.1 30.3 28.3 30.1 25.7 28.4 28.3 26.3 26.7 31.4 31.0 29.3 27.9 42.4 32.7 30.3 30.5 29.7
Operating Income
Operating Income 141.5 153.3 141.8 126.3 113.5 125.4 112.3 105.2 104.1 87.3 84.9 78.4 86.2 76.4 77.8 60.2 64.2 54.9 53.7 42.4 47.6 55.0 46.4 30.1 35.5 36.1 30.0 35.3 25.9 30.7 26.9 23.3 20.1 15.4 17.2 16.3 15.9 12.9 12.6 14.1 12.9 (0.9) 7.2 7.9 6.4 1.8
Interest Expense 0 0 0 0 0 0 0 0 0 0 0.1 1.4 0.9 0.8 1.6 0.5 0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0.3 0.7 1.0 1.6 1.9 2.3 2.3 2.1 1.9 1.8 1.8 2.8 4.7 5.9 6.0 6.5 6.7 6.9 7.1 3.3
Interest Income 5.1 0 1.5 1.1 6.5 7.9 7.5 5.5 4.1 1.8 0 0 0 0 0 0 0.1 0 0 0 0 0 0 0 0.4 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 148.4 164.0 149.9 117.6 120.5 132.9 119.8 112.4 111.1 96.5 91.8 84.9 92.2 73.3 89.3 68.1 69.3 60.3 60.1 47.9 52.7 60.5 51.4 34.8 40.0 41.1 35.0 40.2 33.7 40.7 37.1 33.4 29.7 27.3 28.8 27.7 27.1 17.7 26.8 28.6 26.4 13.7 24.6 26.4 24.2 10.1
EBIT 141.5 156.8 142.8 124.5 113.5 125.4 112.3 105.2 104.1 89.5 84.9 78.4 86.2 67.4 83.5 62.5 64.2 54.9 54.8 42.7 47.6 55.0 46.4 30.1 35.5 35.8 30.0 35.3 25.9 30.9 27.4 23.8 20.0 15.7 17.1 16.2 15.6 3.1 12.2 14.1 11.9 (1.1) 7.2 7.9 5.4 3.0
Income Before Tax 147.6 156.8 142.8 124.5 118.2 133.9 118.8 110.5 112.8 90.7 83.2 75.7 86.0 73.6 81.9 62.0 65.3 55.9 54.7 42.7 48.5 54.7 47.0 30.4 36.5 36.2 29.5 34.5 24.7 29.3 25.5 21.5 17.7 13.7 15.1 14.3 13.8 0.2 7.6 8.2 6.0 (7.6) 0.5 1.0 (1.7) (0.2)
Income Tax Expense 23.7 21.7 31.7 34.3 3.6 16.9 22.4 22.1 10.2 12.4 12.7 14.7 13.1 5.0 15.9 12.6 4.0 5.9 6.2 2.8 5.2 3.8 5.5 6.3 7.5 6.4 5.5 7.0 5.5 6.6 6.2 4.9 3.1 2.4 5.3 4.8 5.3 0.2 2.5 3.2 2.5 0.9 0.6 0.9 (1.6) 1.0
Net Income 123.9 135.1 111.1 90.3 114.6 117.0 96.4 88.4 102.6 78.3 70.5 61.1 72.9 68.7 66.0 49.4 61.3 50.0 48.6 39.9 43.3 50.9 41.5 24.1 29.0 29.8 24.0 27.5 19.2 22.8 19.3 16.6 14.6 11.3 9.8 9.6 8.4 (0.0) 5.0 5.0 3.4 (8.6) (0.1) 0.1 (0.1) (1.2)
Per Share Data
EPS (Basic) 4.35 4.78 3.95 3.16 3.77 3.78 3.11 2.85 3.32 2.55 2.30 2.00 2.35 2.20 2.13 1.52 1.75 1.39 1.35 1.11 1.21 1.42 1.16 0.68 0.80 0.82 0.67 0.76 0.54 0.64 0.54 0.46 0.41 0.31 0.25 0.24 0.21 -0.00 0.14 0.15 0.11 -0.27 -0.00 0.00 -0.00 -0.03
EPS (Diluted) 4.28 4.67 3.87 3.10 3.67 3.67 3.01 2.75 3.20 2.46 2.22 1.93 2.27 2.11 2.05 1.46 1.69 1.32 1.29 1.06 1.14 1.34 1.09 0.64 0.76 0.79 0.63 0.73 0.51 0.61 0.52 0.45 0.40 0.29 0.25 0.23 0.20 -0.00 0.13 0.15 0.11 -0.27 -0.00 0.00 -0.00 -0.03
Shares Outstanding 28.4 28.3 29.0 29.5 30.4 30.9 31.0 31.0 30.8 30.7 30.6 30.5 31.0 31.2 31.0 32.5 34.9 36.0 31.0 35.9 35.8 35.6 35.6 35.4 36.0 36.0 35.9 35.8 35.7 35.6 35.6 35.5 35.5 36.8 38.6 40.2 40.7 40.7 37.1 39.6 39.6 39.6 39.6 39.6 39.6 39.6
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
Current Assets
Cash & Cash Equivalents 652.7 497.0 285.4 46.3 441.4 669.4 656.9 510.9 407.0 245.4 95.2 39.1 46.9 28.3 31.0 42.6 82.8 461.3 398.4 339.0 332.9 277.8 219.2 160.9 134.0 131.9 79.3 20.1 30.1 23.3 22.2 22.2 22.2 26.5 24.2 29.1 29.3 37.1 14.6 13.7 24.2
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 394.6 402.1 373.0 377.9 298.2 296.4 311.5 301.1 279.2 298.4 292.8 275.1 257.7 253.4 249.1 225.7 224.8 186.4 186.4 161.5 160.0 161.0 134.1 127.3 136.4 155.7 140.2 149.9 129.6 133.4 108.3 115.4 110.7 83.1 74.7 76.7 82.3 79.8 81.9 90.0 75.0
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 0.1 0.3 0.3 0.3 3.4 3.4 2.8
Other Current Assets 91.8 90.5 78.9 96.6 81.8 63.4 64.2 60.5 58.7 50.0 60.9 64.7 63.0 52.3 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 0.1 0.3 0.3 0.3 3.4 3.4 2.8
Total Current Assets 1,139.1 989.6 737.3 520.8 821.4 1,029.2 1,032.6 872.5 744.9 593.8 448.9 378.9 367.6 334.0 337.7 328.9 356.0 690.9 641.2 550.1 533.4 473.7 395.0 319.1 303.0 317.0 250.4 194.3 182.4 178.1 153.1 158.5 153.8 130.0 117.0 123.1 128.3 133.2 120.5 127.5 115.2
Non-Current Assets
Property, Plant & Equipment 263.4 248.9 256.8 265.0 258.2 252.3 254.6 256.4 257.4 265.4 258.9 254.7 257.1 248.9 243.8 238.9 240.2 222.7 213.1 196.9 196.8 198.8 181.0 179.5 108.7 99.4 96.2 91.6 91.3 52.3 52.0 52.4 51.1 48.7 45.9 45.2 45.0 43.8 41.3 40.2 39.6
Goodwill 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.4 662.5 662.4 662.4 662.4 662.4 662.4 662.4 661.0 661.0 661.0 661.0 661.0 661.0 661.0 661.0 661.0 661.0 661.0 661.0
Intangible Assets 33.3 33.4 33.7 33.9 34.1 34.4 34.7 35.1 35.4 35.8 36.4 36.9 37.5 38.0 38.8 39.7 40.5 41.4 42.6 43.9 45.2 46.5 48.4 50.4 52.4 54.4 57.3 60.3 63.3 69.2 76.6 84.0 91.3 98.7 108.2 117.7 126.6 136.1 148.7 161.4 174.1
Long-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
Other Non-Current Assets 28.3 21.9 25.7 23.8 21.5 22.3 23.1 18.5 20.4 25.0 20.8 22.3 22.0 21.1 18.6 19.1 19.5 17.4 16.5 15.8 13.1 8.8 8.8 10.3 10.7 9.5 5.7 7.9 6.8 6.7 6.7 6.4 5.9 5.9 5.6 5.1 5.0 4.9 4.8 4.7 4.0
Total Non-Current Assets 990.6 985.8 1,015.7 1,050.9 1,075.9 1,071.6 1,051.5 1,047.5 1,050.9 1,063 1,037.8 1,028.0 1,028.1 1,018.5 990.7 986.6 988.4 969.0 935.9 919.6 918.0 917.0 901.1 903.1 834.6 826.0 821.9 822.5 824.1 789.8 796.8 809.7 819.3 820.7 831.8 840.5 837.8 845.9 856.0 867.4 878.8
Total Assets 2,129.6 1,975.5 1,753.0 1,571.7 1,897.4 2,100.9 2,084.1 1,920.0 1,795.8 1,656.8 1,486.7 1,406.9 1,395.7 1,352.5 1,328.4 1,315.5 1,344.3 1,659.9 1,577.1 1,469.7 1,451.4 1,390.7 1,296.1 1,222.1 1,137.6 1,143.1 1,072.3 1,016.9 1,006.5 967.9 949.8 968.2 973.0 950.7 948.9 963.6 966.1 979.1 976.5 994.9 994.0
Current Liabilities
Account Payables 34.4 28.1 26.5 43.3 61.3 32.5 26.2 27.4 24.4 31.9 29.0 33.6 37.1 33.1 28.2 28.8 25.4 25.7 25.1 23.3 21.3 26.6 15.9 14.9 17.0 22.4 20.7 22.7 13.6 16.7 13.6 16.9 17.9 16.7 10.0 7.2 8.3 10.9 9.3 7.2 7.0
Short-Term Debt 23.8 23.2 24.9 24.9 0 0 0 0 0 0 0 55 115 50 139.7 249.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16.5 16.5 16.5 15.5 14.4 13.4 12.4 0 0 0
Deferred Revenue 0 854.4 834.3 808.8 718.7 710.6 670.9 638.4 616.7 559.9 518.8 490.6 466.0 462.7 417.9 401.4 367.2 344.6 303.8 282.2 277.8 255.7 202.6 195.4 189.6 192.4 169.5 165.4 150.2 147.9 133.4 120.9 126.4 73.8 68.3 65.6 60.5 65.7 67.7 66.1 60.8
Other Current Liabilities 1,286.7 357.9 315.1 88.2 109.4 138.6 115.3 98.9 102.4 116.3 105.5 98.7 113.1 118.7 94.4 79.2 76.4 85.5 79.3 60.1 53.5 63.7 59.5 53.5 47.5 53.1 53.1 39.9 38.8 36.2 30.5 26.0 22.3 81.8 75.5 64.9 64.4 76.7 76.5 72.2 67.4
Total Current Liabilities 1,345.0 1,343.7 1,283.9 1,220.4 1,122.3 1,104.6 1,041.4 993.1 956.6 925.1 848.5 852.4 881.9 803.5 820.9 879.0 579.4 557.2 517.2 472.6 447.3 440.1 358.4 338.0 338.7 343.0 314.4 296.1 264.5 257.0 232.1 233.2 232.5 192.7 172.4 155.3 150.0 168.6 156.6 149.8 139.2
Non-Current Liabilities
Long-Term Debt 0 113.6 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 0 55.8 79.7 113.7 147.0 181.1 205.1 169.2 143.2 147.2 151.3 154.6 364.0 378.5
Deferred Tax Liabilities 3.9 9.7 1.9 2.0 1.8 1.8 2.3 2.3 2.4 2.4 1.1 1.1 1.1 1.1 0.9 1.0 1.1 1.1 17.6 16.2 14.9 13.6 19.9 15.3 14.0 12.8 5.6 4.6 3.4 0.4 2.6 0.6 0.6 0.6 0.5 0.5 11.7 12.0 20.5 20.6 20.8
Other Non-Current Liabilities 60.1 (64.3) 54.5 51.9 53.0 42.7 30.7 29.3 29.1 28.2 23.1 23.0 22.8 22.7 17.6 17.3 17.2 17.7 16.1 16.1 16.1 16.1 15.6 15.8 15.8 15.7 14.3 14.4 14.6 41.0 40.0 47.3 47.8 48.8 56.6 57.4 36.2 36.5 34.2 37.9 37.6
Total Non-Current Liabilities 186.3 172.7 175.5 178.9 181.4 170.8 161.3 163.4 167.6 172.7 167.3 163.4 166.6 162.6 157.7 153.2 159.9 149.8 161.9 145.2 145.1 144.8 146.1 146.1 81.2 73.8 65.9 62.7 120.1 121.2 156.3 194.9 229.5 254.5 226.3 201.0 195.1 199.8 209.4 422.5 436.9
Total Liabilities 1,531.3 1,516.4 1,459.4 1,399.3 1,303.8 1,275.3 1,202.6 1,156.4 1,124.2 1,097.9 1,015.8 1,015.9 1,048.5 966.1 978.5 1,032.2 739.3 707.0 679.1 617.8 592.4 584.9 504.5 484.1 419.8 416.8 380.3 358.8 384.6 378.2 388.5 428.1 462.0 447.2 398.6 356.3 345.1 368.4 365.9 572.2 576.1
Stockholders' Equity
Common Stock 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.4
Retained Earnings (336.1) (460.0) (596.2) (703.2) (269.7) 8.2 65.6 (30.8) (119.1) (221.6) (300.2) (371.0) (408.1) (359.8) (380.1) (446.1) (120.8) 235.0 184.9 142.3 158.5 115.2 111.8 70.3 53.8 68.1 38.3 14.3 (13.1) (41.5) (67.3) (86.6) (115.5) (120.4) (77.4) (18.4) (1.6) (9.6) (9.6) (14.6) (19.6)
Accumulated Other Comprehensive Income (7.1) (4.9) (5.7) (5.7) (11.6) (14.7) (9.2) (12.6) (12.0) (10.1) (12.9) (11.2) (11.3) (12.4) (16.1) (10.0) (6.4) (4.8) (3.2) (1.8) (2.3) (0.1) (2.1) (3.2) (3.7) (2.7) (3.7) (2.4) (2.8) (2.5) (2.2) (2.1) (0.1) (0.7) (1.3) (2.0) (3.1) (3.7) (2.4) (2.6) (2.0)
Total Stockholders' Equity 598.3 459.1 293.6 172.4 593.6 825.5 881.4 763.6 671.5 559.0 470.9 391.1 347.3 386.4 349.9 283.3 605.0 952.9 898.1 851.9 858.9 805.8 791.6 738.1 717.8 726.3 692.0 658.1 621.9 589.7 561.4 540.1 511.1 503.5 550.2 607.4 621.0 610.7 610.5 422.6 417.9
Total Liabilities & Equity 2,129.6 1,975.5 1,753.0 1,571.7 1,897.4 2,100.9 2,084.1 1,920.0 1,795.8 1,656.8 1,486.7 1,406.9 1,395.7 1,352.5 1,328.4 1,315.5 1,344.3 1,659.9 1,577.1 1,469.7 1,451.4 1,390.7 1,296.1 1,222.1 1,137.6 1,143.1 1,072.3 1,016.9 1,006.5 967.9 949.8 968.2 973.0 950.7 948.9 963.6 966.1 979.1 976.5 994.9 994.0
Debt Metrics
Total Debt 146.1 250.5 144.0 149.8 126.7 126.2 128.3 131.8 136.2 142.1 143.0 194.4 257.7 188.9 278.9 384.7 141.6 131.0 128.2 112.8 114.1 115.1 110.7 115.0 51.4 45.2 46.0 43.7 102.0 79.7 113.7 163.5 197.6 221.6 184.6 157.6 160.6 163.6 154.6 364.0 378.5
Net Debt (506.6) (246.6) (141.4) 103.5 (314.8) (543.2) (528.6) (379.1) (270.9) (103.3) 47.8 155.3 210.8 160.6 247.9 342.1 58.8 (330.3) (270.2) (226.2) (218.7) (162.6) (108.6) (45.9) (82.6) (86.7) (33.3) 23.6 71.9 56.4 91.4 141.3 175.3 195.1 160.5 128.6 131.3 126.5 140.0 350.4 354.3
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 123.9 135.1 111.1 90.3 114.6 117.0 96.4 88.4 102.6 78.3 70.5 61.1 72.9 68.7 66.0 49.4 61.3 50.0 48.6 39.9 43.3 50.9 41.5 24.1 29.0 29.8 24.0 27.5 19.2 22.8 19.3 16.6 14.6 11.3 9.8 9.6 8.4 (0.0) 5.0 5.0 3.4
Depreciation & Amortization 6.8 7.1 6.3 7.0 6.9 7.5 7.5 7.2 7.0 7.0 6.9 6.5 6.0 5.9 5.8 5.5 5.1 5.5 5.3 5.2 5.1 5.5 4.9 4.7 4.5 5.3 5.1 5.0 7.8 9.7 9.7 9.6 9.7 11.6 11.7 11.6 11.6 14.6 14.6 14.5 14.4
Stock-Based Compensation 0 0 6.3 6.0 16.9 5.9 11.7 3.6 4.3 5.2 5.0 4.9 5.4 5.6 5.8 5.7 4.4 4.0 4.0 3.6 2.9 3.0 2.8 2.6 5.4 2.7 9.5 5.4 3.2 2.1 1.4 1.5 1.5 1.2 1.0 1.2 1.0 1.3 4.3 3.3 1.0
Change in Working Capital (8.7) 22.1 87.5 5.6 (18.9) 78.8 29.0 11.2 38.2 72.8 32.9 7.2 (6.5) 74.6 26.8 32.6 (27.9) 47.1 9.9 8.8 0.9 48.7 2.4 8.6 6.6 9.4 20.7 4.6 0.9 7.0 21.7 13.0 (2.1) 9.5 15.7 8.9 (21.2) 11.1 17.7 (15.1) (6.7)
Other Non-Cash Items 11.3 10.9 6.4 5.6 5.6 5.6 5.9 6.1 1.5 7.0 6.6 5.5 3.3 2.8 4.8 4.2 4.1 4.7 3.9 3.8 3.9 3.8 3.7 3.0 2.7 2.5 4.1 3.0 2.3 1.1 (7.2) 0.7 (0.1) (8.7) 0.3 (0.3) (0.1) 10.5 0.6 0.4 0.7
Operating Cash Flow 151.8 192.7 246.2 148.5 125.8 190.7 149.1 116.4 152.7 156.4 114.4 82.5 80.1 136.7 108.5 96.6 46.3 70.9 72.4 62.8 57.3 105.5 59.8 44.3 49.1 56.9 64.3 46.6 34.0 39.4 52.5 41.3 23.3 28.7 39 30.4 (0.7) 29.1 42.2 7.9 12.6
Investing Activities
Capital Expenditure (6.8) (4.5) 16.1 (6.1) (10.0) (7.6) (10.5) (12.9) (5.5) (10.0) (8.7) (8.4) (9.5) (9.2) (7.2) (11.2) (9.3) (9.1) (6.6) (6.0) (6.5) (7.8) (8.7) (9.3) (5.6) (5.8) (6.2) (3.5) (2.5) (3.4) (2.8) (5.8) (4.0) (3.4) (2.4) (2.2) (4.4) (5.7) (2.1) (2.2) (3.5)
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of 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
Other Investing Activities (6.7) 0.1 (26.8) 0.1 0.0 0.1 0.1 0.1 8.0 2.0 0.0 (0.0) 0.0 0.0 (0.0) 0.1 (2.0) 0 0.0 0.0 (3.1) 0.1 0.0 0.0 0.0 0.0 0.0 0.0 (1.3) (0.8) (0.0) (0.2) 0.0 0.0 (0.0) (0.5) 0.0 0.0 0.0 0.0 0.0
Investing Cash Flow (6.7) (4.5) (10.7) (6.0) (10.0) (7.6) (10.5) (12.8) 2.5 (8.0) (8.7) (8.5) (9.5) (9.2) (7.2) (11.1) (11.2) (9.1) (6.6) (6.0) (9.7) (7.7) (8.6) (9.3) (5.5) (5.7) (6.1) (3.4) (3.8) (4.2) (2.8) (6.0) (3.9) (3.4) (2.3) (2.1) (4.4) (5.7) (2.1) (2.2) (3.4)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 (55) (60) 65 (89.7) (110) 249.7 0 0 0 0 0 0 0 0 0 0 0 (56.4) (24) (34.0) (49.9) (34.1) (24.1) 36.9 (13.5) (3.1) (3.1) (1.0) (210.0) (15.0) (0.0)
Stock Repurchased 0 0 (4.6) (540.9) (371.9) (169.9) 0 0 0 0 0 (23.9) (120.1) (47.2) 0 (374.7) (425.9) 0 (6.2) (55.9) 0 (47.4) 0 (9.1) (41.8) 0 0 0 0 0 0 0 0 (60.3) (68.9) 0 0 0 0 0 0
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 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 8.0 0.4 25.9 1.3 6.3 0.7 7.7 1.5 5.7 1.7 2.5 5.8 0.9 1.6 13.9 2.4 1.0 5.1 9.1 7.2 6.8 0.6 1.3 0.8 1.8 2.9 1.0 0.2 0.2 0.1 0.1 0.2 40 (26.1) (0.2) (2.1) (2.8) (0.3) (0.4)
Financing Cash Flow 12.7 22.7 3.4 (540.6) (346.0) (168.6) 6.3 0.7 7.7 1.5 (49.3) (82.2) (52.7) (131.1) (109.1) (123.5) (412.1) 2.4 (5.2) (50.8) 9.1 (40.2) 6.8 (8.4) (40.4) 0.8 1.8 (53.5) (23.0) (33.8) (49.7) (34.0) (24.0) (23.2) (42.1) (29.1) (3.3) (3.1) (39.2) (15.3) (0.4)
Cash Position
Net Change in Cash 155.6 211.7 239.0 (395.1) (228) 12.5 146.0 103.9 161.6 150.2 56.1 (7.8) 18.7 (2.7) (11.5) (40.3) (378.5) 62.9 59.4 6.1 55.1 58.5 58.3 26.9 2.1 52.6 59.2 (10.0) 6.8 1.0 0.0 (0.0) (4.2) 2.2 (5.1) (0.3) (7.8) 19.4 1.0 (9.9) 9.2
Cash at Beginning 497.0 285.4 46.3 441.4 669.4 656.9 510.9 407.0 245.4 95.2 39.1 46.9 28.3 31.0 42.6 82.8 461.3 398.4 339.0 332.9 277.8 219.2 160.9 134.0 131.9 79.3 20.1 30.1 23.3 22.3 22.2 22.3 26.5 24.2 29.3 29.6 37.4 18.0 17.0 26.9 17.7
Cash at End 652.7 497.0 285.4 46.3 441.4 669.4 656.9 510.9 407.0 245.4 95.2 39.1 46.9 28.3 31.0 42.6 82.8 461.3 398.4 339.0 332.9 277.8 219.2 160.9 134.0 131.9 79.3 20.1 30.1 23.3 22.3 22.2 22.3 26.5 24.2 29.3 29.6 37.4 18.0 17.0 26.9
Free Cash Flow 145.0 188.1 262.3 142.4 115.8 183.0 138.5 103.5 147.2 146.4 105.7 74.1 70.6 127.4 101.3 85.4 37.0 61.8 65.7 56.8 50.8 97.7 51.1 34.9 43.6 51.2 58.1 43.2 31.5 36.0 49.7 35.5 19.3 25.3 36.6 28.2 (5.0) 23.4 40.0 5.6 9.2
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 Q1
Income Statement
Revenue 706.6 708.5 659.9 603.3 558.6 536.6 533.3 528.1 511.0 498.4 492.5 460.9 434.1 394.1 383.7 351.2 330.9 308.6 295.6 278.3 260.0 259.7 230.4 205.0 230.9 229.9 216.2 214.1 200.7 192.1 179.3 170.1 163.1 112.7 110.6 106.2 106.6 108.2 107.8 106.0 99.6 96.0 92.1 87.9 83.0 77.9
Gross Profit 196.3 205.3 196.9 180.0 178.3 178.3 169.0 153.8 155.1 136.8 133.2 124.3 130.2 115.7 119.0 99.0 98.7 88.0 87.1 74.7 78.4 82.9 74.2 56.6 65.1 62.7 64.2 63.8 55.0 61.0 55.3 53.5 45.8 43.9 45.5 42.6 42.7 44.3 43.6 43.4 40.8 41.5 39.9 38.2 36.9 31.5
Operating Income 141.5 153.3 141.8 126.3 113.5 125.4 112.3 105.2 104.1 87.3 84.9 78.4 86.2 76.4 77.8 60.2 64.2 54.9 53.7 42.4 47.6 55.0 46.4 30.1 35.5 36.1 30.0 35.3 25.9 30.7 26.9 23.3 20.1 15.4 17.2 16.3 15.9 12.9 12.6 14.1 12.9 (0.9) 7.2 7.9 6.4 1.8
Net Income 123.9 135.1 111.1 90.3 114.6 117.0 96.4 88.4 102.6 78.3 70.5 61.1 72.9 68.7 66.0 49.4 61.3 50.0 48.6 39.9 43.3 50.9 41.5 24.1 29.0 29.8 24.0 27.5 19.2 22.8 19.3 16.6 14.6 11.3 9.8 9.6 8.4 (0.0) 5.0 5.0 3.4 (8.6) (0.1) 0.1 (0.1) (1.2)
EPS (Diluted) 4.28 4.67 3.87 3.10 3.67 3.67 3.01 2.75 3.20 2.46 2.22 1.93 2.27 2.11 2.05 1.46 1.69 1.32 1.29 1.06 1.14 1.34 1.09 0.64 0.76 0.79 0.63 0.73 0.51 0.61 0.52 0.45 0.40 0.29 0.25 0.23 0.20 -0.00 0.13 0.15 0.11 -0.27 -0.00 0.00 -0.00 -0.03
Balance Sheet
Cash & Equivalents 652.7 497.0 285.4 46.3 441.4 669.4 656.9 510.9 407.0 245.4 95.2 39.1 46.9 28.3 31.0 42.6 82.8 461.3 398.4 339.0 332.9 277.8 219.2 160.9 134.0 131.9 79.3 20.1 30.1 23.3 22.2 22.2 22.2 26.5 24.2 29.1 29.3 37.1 14.6 13.7 24.2
Total Assets 2,129.6 1,975.5 1,753.0 1,571.7 1,897.4 2,100.9 2,084.1 1,920.0 1,795.8 1,656.8 1,486.7 1,406.9 1,395.7 1,352.5 1,328.4 1,315.5 1,344.3 1,659.9 1,577.1 1,469.7 1,451.4 1,390.7 1,296.1 1,222.1 1,137.6 1,143.1 1,072.3 1,016.9 1,006.5 967.9 949.8 968.2 973.0 950.7 948.9 963.6 966.1 979.1 976.5 994.9 994.0
Total Debt 146.1 250.5 144.0 149.8 126.7 126.2 128.3 131.8 136.2 142.1 143.0 194.4 257.7 188.9 278.9 384.7 141.6 131.0 128.2 112.8 114.1 115.1 110.7 115.0 51.4 45.2 46.0 43.7 102.0 79.7 113.7 163.5 197.6 221.6 184.6 157.6 160.6 163.6 154.6 364.0 378.5
Stockholders' Equity 598.3 459.1 293.6 172.4 593.6 825.5 881.4 763.6 671.5 559.0 470.9 391.1 347.3 386.4 349.9 283.3 605.0 952.9 898.1 851.9 858.9 805.8 791.6 738.1 717.8 726.3 692.0 658.1 621.9 589.7 561.4 540.1 511.1 503.5 550.2 607.4 621.0 610.7 610.5 422.6 417.9
Cash Flow
Operating Cash Flow 151.8 192.7 246.2 148.5 125.8 190.7 149.1 116.4 152.7 156.4 114.4 82.5 80.1 136.7 108.5 96.6 46.3 70.9 72.4 62.8 57.3 105.5 59.8 44.3 49.1 56.9 64.3 46.6 34.0 39.4 52.5 41.3 23.3 28.7 39 30.4 (0.7) 29.1 42.2 7.9 12.6
Capital Expenditure (6.8) (4.5) 16.1 (6.1) (10.0) (7.6) (10.5) (12.9) (5.5) (10.0) (8.7) (8.4) (9.5) (9.2) (7.2) (11.2) (9.3) (9.1) (6.6) (6.0) (6.5) (7.8) (8.7) (9.3) (5.6) (5.8) (6.2) (3.5) (2.5) (3.4) (2.8) (5.8) (4.0) (3.4) (2.4) (2.2) (4.4) (5.7) (2.1) (2.2) (3.5)
Free Cash Flow 145.0 188.1 262.3 142.4 115.8 183.0 138.5 103.5 147.2 146.4 105.7 74.1 70.6 127.4 101.3 85.4 37.0 61.8 65.7 56.8 50.8 97.7 51.1 34.9 43.6 51.2 58.1 43.2 31.5 36.0 49.7 35.5 19.3 25.3 36.6 28.2 (5.0) 23.4 40.0 5.6 9.2