MMSI - Merit Medical Systems, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$95.00
DETAILS
HIGH:
$107.00
LOW:
$78.00
MEDIAN:
$97.50
CONSENSUS:
$95.00
UPSIDE:
48.04%
| 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 | 1,514.7 | 1,356.5 | 1,257.4 | 1,151.0 | 1,074.8 | 963.9 | 994.9 | 882.8 | 727.9 | 603.8 | 542.1 | 509.7 | 449.0 | 394.3 | 359.4 | 296.8 | 257.5 | 227.1 | 207.8 | 190.7 | 166.6 | 151.4 | 136.0 | 116.2 | 104.0 | 91.4 | 78 | 68.4 | 60.6 | 50.5 | 42.6 | 33.3 | 25.4 |
| Cost of Revenue | 777.8 | 713.2 | 673.5 | 631.9 | 589.4 | 562.7 | 562.5 | 488.0 | 401.6 | 338.8 | 306.4 | 284.5 | 254.7 | 212.3 | 194.0 | 168.3 | 148.7 | 133.9 | 128.0 | 117.6 | 97.5 | 83.9 | 75.2 | 67.7 | 65.9 | 56.5 | 44.3 | 39.6 | 35.1 | 26.9 | 23.3 | 17.4 | 12.3 |
| Gross Profit | 736.9 | 643.3 | 583.9 | 519.1 | 485.3 | 401.2 | 432.4 | 394.8 | 326.3 | 265.0 | 235.8 | 225.2 | 194.4 | 182.0 | 165.5 | 128.5 | 108.8 | 93.3 | 79.8 | 73.1 | 69.1 | 67.5 | 60.7 | 48.5 | 38.1 | 34.9 | 33.7 | 28.8 | 25.5 | 23.6 | 19.3 | 15.9 | 13.1 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 97.4 | 83.8 | 82.7 | 75.5 | 71.2 | 57.5 | 65.6 | 59.5 | 51.4 | 45.2 | 40.8 | 36.6 | 33.9 | 27.8 | 21.9 | 15.3 | 11.2 | 9.2 | 8.7 | 8.6 | 7.0 | 5.1 | 4.6 | 4.0 | 4.1 | 3.9 | 3.6 | 3.2 | 4.4 | 2.5 | 2.3 | 2.1 | 0 |
| SG&A Expenses | 455.2 | 376.7 | 373.7 | 342.5 | 335.7 | 297.7 | 327.3 | 276.0 | 229.1 | 184.4 | 156.3 | 147.9 | 128.6 | 122.1 | 104.5 | 87.6 | 64.8 | 53.1 | 48.1 | 45.5 | 38.6 | 35.1 | 30.5 | 27.7 | 24.0 | 23.3 | 20.4 | 17.5 | 15.7 | 14.3 | 12.8 | 10.2 | 9.1 |
| Other Expenses | 0 | 27.1 | 3.5 | 13.5 | 17.5 | 47.5 | 24.0 | 0.1 | (0.9) | (0.8) | (0.4) | 0.0 | (0.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.3 | 3.6 | 2.8 | 2.7 | 2.4 | 1.7 | 1.6 | 1.4 |
| Operating Expenses | 552.6 | 487.6 | 458.7 | 431.5 | 424.4 | 402.7 | 416.9 | 335.6 | 280.5 | 229.6 | 197.2 | 184.5 | 162.5 | 149.9 | 126.4 | 103.0 | 76.0 | 62.3 | 56.8 | 54.1 | 45.6 | 40.1 | 35.1 | 31.7 | 28.2 | 31.5 | 27.6 | 23.5 | 22.8 | 19.2 | 16.8 | 13.9 | 10.5 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 184.4 | 155.7 | 123.9 | 87.6 | 60.9 | (1.6) | 15.4 | 58.6 | 33.1 | 34.9 | 37.5 | 40.2 | 27.8 | 29.6 | 33.2 | 17.2 | 32.8 | 31.0 | 23.0 | 19.0 | 23.5 | 27.3 | 25.6 | 16.8 | 9.9 | 3.5 | 6.1 | 5.3 | 2.7 | 4.4 | 2.5 | 2 | 2.6 |
| Interest Expense | 26.5 | 31.2 | 15.5 | 6.3 | 5.3 | 10.0 | 12.7 | 10.4 | 7.7 | 8.8 | 6.2 | 8.8 | 8.0 | 0.6 | 0.8 | 0.6 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 15.1 | 26.2 | 2.5 | 0.4 | 0.8 | 0.6 | 0 | 1.2 | 0.4 | 0.1 | 0.3 | 0.2 | 0.3 | 0.2 | 0.1 | 0.0 | 0.2 | 0.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 319.0 | 274.0 | 228.9 | 181.2 | 155.0 | 103.6 | 119.3 | 129.4 | 97.3 | 78.7 | 74.9 | 76.3 | 60.4 | 50.8 | 52.9 | 32.2 | 45.4 | 42.1 | 32.4 | 19.0 | 23.5 | 27.3 | 30.4 | 21.2 | 14.5 | 7.8 | 9.7 | 8.1 | 5.4 | 6.8 | 4.2 | 3.6 | 4 |
| EBIT | 184.4 | 159.2 | 127.6 | 89.0 | 59.2 | (3.2) | 14.9 | 59.9 | 43.6 | 34.2 | 37.4 | 40.4 | 27.9 | 28.2 | 33.7 | 17.4 | 33.1 | 31.9 | 23.0 | 19.0 | 23.5 | 27.3 | 26.1 | 16.8 | 9.9 | 3.5 | 6.1 | 5.3 | 2.7 | 4.4 | 2.5 | 2 | 2.6 |
| Income Before Tax | 170.9 | 150.0 | 112.1 | 82.6 | 53.9 | (13.2) | 2.2 | 49.5 | 35.9 | 25.4 | 31.2 | 31.6 | 19.8 | 27.6 | 32.9 | 16.8 | 33.1 | 31.8 | 23.4 | 19.2 | 23.9 | 28.0 | 27.0 | 16.8 | 9.8 | 0.8 | 4.7 | 4.2 | 1.7 | 3.5 | 1.9 | 2.1 | 2.6 |
| Income Tax Expense | 42.4 | 29.6 | 17.7 | 8.1 | 5.5 | (3.4) | (3.3) | 7.5 | 8.4 | 5.3 | 7.4 | 8.6 | 3.3 | 7.9 | 9.8 | 4.3 | 10.6 | 11.1 | 7.8 | 6.9 | 8.1 | 10.1 | 9.7 | 5.5 | 3.1 | (0.1) | 1.5 | 1.7 | 0.9 | 1.3 | 0.7 | 0.8 | 0.8 |
| Net Income | 128.5 | 120.4 | 94.4 | 74.5 | 48.5 | (9.8) | 5.5 | 42.0 | 27.5 | 20.1 | 23.8 | 23.0 | 16.6 | 19.7 | 23.0 | 12.5 | 22.5 | 20.7 | 15.6 | 12.3 | 15.8 | 17.9 | 17.3 | 11.3 | 6.7 | 0.8 | 3.2 | 2.5 | 0.8 | 2.2 | 1.2 | 1.3 | 1.8 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 2.17 | 2.07 | 1.64 | 1.31 | 0.86 | -0.18 | 0.10 | 0.80 | 0.56 | 0.45 | 0.54 | 0.53 | 0.39 | 0.47 | 0.59 | 0.35 | 0.64 | 0.60 | 0.46 | 0.36 | 0.47 | 0.54 | 0.53 | 0.37 | 0.24 | 0.03 | 0.12 | 0.10 | 0.03 | 0.09 | 0.05 | 0.05 | 0.08 |
| EPS (Diluted) | 2.13 | 2.03 | 1.62 | 1.29 | 0.84 | -0.18 | 0.10 | 0.78 | 0.55 | 0.45 | 0.53 | 0.53 | 0.39 | 0.46 | 0.58 | 0.34 | 0.63 | 0.58 | 0.44 | 0.35 | 0.46 | 0.52 | 0.51 | 0.34 | 0.23 | 0.03 | 0.12 | 0.10 | 0.03 | 0.09 | 0.05 | 0.05 | 0.08 |
| Shares Outstanding | 59.2 | 58.2 | 57.6 | 56.8 | 56.1 | 55.4 | 55.1 | 52.3 | 48.8 | 44.4 | 44.0 | 43.1 | 42.6 | 42.2 | 39.1 | 35.3 | 35.0 | 34.7 | 34.3 | 34.2 | 33.6 | 32.9 | 31.6 | 30.1 | 28.2 | 26.8 | 26.2 | 25.8 | 25.3 | 24.5 | 23.1 | 23.8 | 22.3 |
| 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 | 448.5 | 376.7 | 587.0 | 58.4 | 67.8 | 56.9 | 44.3 | 67.4 | 32.3 | 19.2 | 6.1 | 34.0 | 33.0 | 30.2 | 9.7 | 0.3 | 0.4 | 0.7 | 0.9 | 1 | 1.3 | 0.3 | 0.2 | 0.9 |
| Short-Term Investments | 0 | 0 | 2.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 0.2 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 223.6 | 209.2 | 189.3 | 178.4 | 172.8 | 158.0 | 168.5 | 150.0 | 116.2 | 86.6 | 32.2 | 29.3 | 19.9 | 18.4 | 16.8 | 15.1 | 14.4 | 13.1 | 11.1 | 10.6 | 8.1 | 7.6 | 7.7 | 6.8 |
| Inventory | 333.7 | 306.1 | 303.9 | 266.0 | 221.9 | 198.0 | 225.7 | 197.5 | 155.3 | 120.7 | 47.2 | 38.4 | 23.1 | 21.3 | 18.7 | 20.8 | 25.3 | 27.6 | 17.8 | 14.5 | 13.9 | 12.2 | 8.4 | 5.9 |
| Other Current Assets | 29.4 | 28.5 | 22.2 | 22.3 | 16.1 | 13.1 | 12.5 | 11.3 | 0 | 14.4 | 3.3 | 2.8 | 0.1 | 0.2 | 0.1 | 0.7 | 1.8 | 1.8 | 1.3 | 1.4 | 1.2 | 1 | 0.4 | 0.2 |
| Total Current Assets | 1,040.2 | 923.8 | 1,108.5 | 529.1 | 482.2 | 429.7 | 454.5 | 429.8 | 316.1 | 243.4 | 91.2 | 105.5 | 76.9 | 71.5 | 46.2 | 37.6 | 42.0 | 43.2 | 31.1 | 27.5 | 24.5 | 21.1 | 16.7 | 13.8 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 516.0 | 451.7 | 446.6 | 448.2 | 437.6 | 461.0 | 459.0 | 331.5 | 292.8 | 276.6 | 114.6 | 103.9 | 52.5 | 29.2 | 25.4 | 21.8 | 21.8 | 22 | 17 | 15.5 | 15 | 11.6 | 8.7 | 5.4 |
| Goodwill | 506.8 | 463.5 | 382.2 | 359.8 | 361.7 | 363.5 | 353.2 | 335.4 | 238.1 | 211.9 | 33.0 | 13.0 | 0 | 0 | 4.8 | 4.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 537.7 | 498.3 | 325.9 | 275.9 | 319.3 | 367.9 | 445.3 | 462.7 | 227.3 | 181.7 | 26.9 | 6.9 | 7.6 | 6.6 | 1.9 | 2.4 | 7.6 | 7.1 | 2.5 | 2.2 | 1.8 | 1.5 | 1.1 | 0.8 |
| Long-Term Investments | 45.7 | 22.8 | 19.1 | 15.6 | 14.7 | 12.0 | 17.1 | 5.9 | 5.7 | 5.0 | (11.3) | 0 | (0.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 32.6 | 42.5 | 35.7 | 28.8 | 26.7 | 25.6 | 24.3 | 51.7 | 29.3 | 24.0 | 5.8 | 2.4 | 3.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.4 | 0.3 | 0.5 | 0.5 |
| Total Non-Current Assets | 1,645.8 | 1,494.8 | 1,216.8 | 1,134.9 | 1,166.1 | 1,234.7 | 1,302.8 | 1,190.2 | 795.7 | 699.4 | 180.4 | 126.3 | 63.0 | 35.8 | 32.1 | 29.1 | 29.5 | 29.2 | 19.6 | 17.8 | 17.2 | 13.4 | 10.3 | 6.7 |
| Total Assets | 2,685.9 | 2,418.6 | 2,325.2 | 1,664.0 | 1,648.3 | 1,664.4 | 1,757.3 | 1,620.0 | 1,111.8 | 942.8 | 271.5 | 231.8 | 139.9 | 107.3 | 78.3 | 66.7 | 71.4 | 72.4 | 50.7 | 45.3 | 41.7 | 34.5 | 27 | 20.5 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 60.6 | 68.5 | 65.9 | 68.5 | 55.6 | 49.8 | 54.6 | 54.0 | 34.9 | 30.6 | 13.4 | 10.6 | 10.7 | 5.7 | 4.1 | 4.7 | 4.8 | 4.7 | 3.6 | 3.4 | 2.7 | 3.1 | 2.5 | 1.1 |
| Short-Term Debt | 10.9 | 0 | 0 | 22.3 | 19.1 | 20.4 | 19.1 | 22 | 19.5 | 10 | 7 | 0 | 0.0 | 0.0 | 0.4 | 0.6 | 1.1 | 5.7 | 9.4 | 6.4 | 5.9 | 6.6 | 3.8 | 1.5 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 12.3 | 0 | 8.7 | 8.6 | 6.6 | 4.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 75.3 | 134.1 | 53.2 | 42.5 | 77.4 | 48.2 | 44.4 | 58.2 | 27.9 | 0 | 6.2 | 4.9 | 2.7 | 0.8 | 0.4 | 0.6 | 3.6 | (1.2) | 2.3 | 2.9 | 3.1 | 1.9 | 1.4 | 1 |
| Total Current Liabilities | 239.8 | 216.4 | 203.6 | 220.6 | 236.3 | 185.0 | 181.7 | 175.3 | 115.6 | 88.3 | 32.9 | 21.2 | 21.9 | 14.5 | 11.6 | 10.7 | 9.5 | 9.2 | 15.3 | 12.7 | 11.7 | 11.6 | 7.7 | 3.6 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 810.7 | 729.6 | 823.0 | 186.8 | 234.4 | 343.7 | 432.0 | 373.2 | 259.0 | 314.4 | 0 | 0 | 0.0 | 0 | 0.0 | 5.7 | 24.0 | 27.8 | 3.4 | 3.9 | 4.8 | 1.8 | 0.8 | 0.8 |
| Deferred Tax Liabilities | 19.7 | 0.2 | 5.5 | 18.5 | 31.5 | 33.3 | 45.2 | 56.4 | 23.3 | 26.0 | 11.3 | 8.8 | 2.6 | 3.0 | 2.4 | 1.7 | 2.2 | 0 | 1.3 | 0.9 | 0.9 | 0.6 | 0.4 | 0.2 |
| Other Non-Current Liabilities | (46.6) | 36.8 | 33.3 | 32.3 | 43.0 | 70.9 | 73.7 | 80.1 | 35.2 | 13.4 | 6.3 | 5.2 | 1.7 | 1.5 | 0.9 | 0.9 | 1.0 | 2.7 | 1.1 | 1.6 | 1.4 | 1 | 0.5 | 0.2 |
| Total Non-Current Liabilities | 861.9 | 822.8 | 919.7 | 298.9 | 372.2 | 520.8 | 625.7 | 511.9 | 319.9 | 356.3 | 19.8 | 16.3 | 6.9 | 4.5 | 3.3 | 8.3 | 27.1 | 30.5 | 5.8 | 6.4 | 7.1 | 3.4 | 1.7 | 1.2 |
| Total Liabilities | 1,101.6 | 1,039.2 | 1,123.2 | 519.6 | 608.5 | 705.8 | 807.4 | 687.2 | 435.5 | 444.6 | 52.7 | 37.5 | 28.8 | 19.1 | 14.9 | 19.0 | 36.7 | 39.7 | 21.1 | 19.1 | 18.8 | 15 | 9.4 | 4.8 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 763.9 | 703.2 | 638.1 | 675.2 | 641.5 | 606.2 | 587.0 | 571.4 | 353.4 | 206.2 | 63.7 | 61.7 | 42.6 | 37.7 | 30.3 | 26.0 | 19.8 | 18.4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 824.0 | 695.5 | 575.2 | 480.8 | 406.3 | 357.8 | 368.2 | 363.4 | 321.4 | 293.9 | 155.2 | 132.7 | 68.9 | 51.0 | 33.7 | 22.4 | 15.6 | 14.8 | 11.6 | 9.1 | 8.3 | 6.2 | 4.9 | 3.7 |
| Accumulated Other Comprehensive Income | (3.6) | (19.4) | (11.3) | (11.6) | (8.0) | (5.5) | (5.3) | (2.0) | 1.5 | (1.9) | (0.1) | (0.1) | (0.4) | (0.4) | (0.5) | (0.7) | (0.6) | (0.5) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,584.3 | 1,379.4 | 1,202 | 1,144.4 | 1,039.8 | 958.6 | 949.9 | 932.8 | 676.3 | 498.2 | 218.8 | 194.3 | 111.1 | 88.2 | 63.4 | 47.7 | 34.8 | 32.7 | 29.1 | 25.8 | 22.5 | 19.3 | 17.5 | 15.7 |
| Total Liabilities & Equity | 2,685.9 | 2,418.6 | 2,325.2 | 1,664.0 | 1,648.3 | 1,664.4 | 1,757.3 | 1,620.0 | 1,111.8 | 942.8 | 271.5 | 231.8 | 139.9 | 107.3 | 78.3 | 66.7 | 71.4 | 72.4 | 50.7 | 45.3 | 41.7 | 34.5 | 27 | 20.5 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 898.2 | 794.7 | 891.4 | 279.8 | 325.7 | 448.0 | 535.3 | 395.2 | 278.5 | 324.4 | 7 | 0.4 | 0.0 | 0.0 | 0.4 | 6.3 | 25.1 | 33.5 | 12.8 | 10.3 | 10.7 | 8.4 | 4.6 | 2.3 |
| Net Debt | 449.7 | 417.9 | 304.3 | 221.3 | 257.9 | 391.1 | 491.0 | 327.8 | 246.1 | 305.2 | 0.9 | (33.7) | (33.0) | (30.2) | (9.3) | 6.0 | 24.7 | 32.8 | 11.9 | 9.3 | 9.4 | 8.1 | 4.4 | 1.4 |
| 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 | 128.5 | 120.4 | 94.4 | 74.5 | 48.5 | (9.8) | 5.5 | 42.0 | 27.5 | 20.1 | 15.8 | 17.9 | 17.3 | 11.3 | 6.7 | 0.8 | 3.2 | 2.5 | 0.8 | 2.2 | 1.2 | 1.3 | 1.8 |
| Depreciation & Amortization | 134.6 | 114.7 | 101.3 | 92.2 | 95.8 | 106.8 | 104.4 | 69.5 | 53.6 | 43.8 | 5.6 | 4.5 | 4.2 | 4.4 | 4.6 | 4.3 | 3.6 | 2.8 | 2.7 | 2.4 | 1.7 | 1.6 | 1.4 |
| Stock-Based Compensation | 43.5 | 28.5 | 21.3 | 18.0 | 16.1 | 14.3 | 9.4 | 6.1 | 4.1 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (23.3) | (36.9) | (70.0) | (71.4) | (17.8) | 34.2 | (55.7) | (35.9) | (24.2) | (13.0) | (15.6) | 4.6 | (1.4) | 1.3 | 5.3 | 1.4 | (7.2) | (4.3) | (2.1) | (1.6) | (4.8) | (2.9) | (2.1) |
| Other Non-Cash Items | 8.9 | 9.1 | 10.8 | 15.9 | 9.4 | 31.0 | 26.8 | 2.7 | 3.0 | 1.2 | 2.7 | 3.1 | 4.2 | 3.1 | 1.8 | 0.2 | (0.1) | 0.1 | 0.3 | 0.4 | 0.1 | 0.4 | 0 |
| Operating Cash Flow | 297.4 | 220.8 | 145.2 | 114.3 | 147.2 | 165.3 | 77.8 | 86.5 | 62.7 | 53.6 | 11.1 | 30.0 | 24.8 | 21.4 | 18.4 | 7.1 | 0.3 | 1.7 | 1.7 | 3.4 | (1.8) | 0.4 | 1.2 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (81.7) | (38.0) | (36.7) | (45.0) | (27.9) | (49.3) | (81.5) | (66.3) | (41.2) | (35.1) | (40.7) | (27.9) | (8.2) | (8.0) | (4.1) | (4.7) | (16.3) | (4.2) | (1.1) | (2.7) | (2.5) | (3.5) | (1.4) |
| Acquisitions | (144.8) | (320.2) | (137.8) | (8.3) | (7.2) | (9.7) | (53.9) | (301.8) | (105.6) | (125.2) | (2.3) | (0.8) | 0 | 0 | 0 | (0.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35.1 | 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 | 1.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (102.6) | (48.5) | (0.8) | (4.1) | (2.1) | 0.3 | 0.9 | (10.7) | 0.0 | (35.0) | (0.7) | (0.4) | 0.5 | (0.1) | 0.7 | 0.9 | 0 | 0.1 | (0.5) | (0.5) | 1.8 | (0.5) | (2.1) |
| Investing Cash Flow | (247.4) | (368.7) | (175.3) | (57.4) | (37.2) | (58.7) | (134.5) | (378.8) | (146.8) | (159.1) | (43.8) | (29.1) | (7.7) | (8.0) | (3.4) | (4.4) | (16.3) | (4.1) | (1.6) | (3.2) | (0.7) | (4) | (3.5) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 0 | (99.1) | 619.6 | (44.9) | (108.5) | (88.4) | 44.5 | 116.5 | (46.4) | 117.4 | (0.0) | (0.0) | (0.4) | (5.9) | (19.0) | (4.1) | 16.3 | 1.5 | (1.6) | (0.2) | 1.7 | 2.3 | 1 |
| Stock Repurchased | 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) |
| 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 |
| Other Financing Activities | (12.2) | (1.9) | (75.9) | (35.4) | (11.2) | (14.0) | (17.2) | (3.2) | (0.9) | (1.6) | 0.7 | 0.1 | 0.9 | (0.0) | 0.2 | 0 | 0.1 | 0 | (0.1) | 0 | 0.4 | (0.1) | (0.1) |
| Financing Cash Flow | 16.0 | (60.0) | 559.3 | (60.3) | (98.4) | (95.7) | 33.5 | 328.3 | 96.5 | 121.1 | 4.3 | 1.8 | 3.2 | (4.2) | (15.0) | (2.9) | 16.4 | 2.1 | 0.1 | 0.8 | 2.6 | 2.9 | 1.5 |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 69.8 | (210.4) | 528.6 | (7.2) | 10.8 | 12.6 | (23.0) | 35.0 | 13.2 | 15.0 | (28.4) | 2.8 | 20.5 | 9.3 | (0.1) | (0.3) | (0.2) | (0.1) | (0.3) | (0.3) | (0.2) | (0.9) | (1.6) |
| Cash at Beginning | 378.8 | 589.1 | 60.6 | 67.8 | 56.9 | 44.3 | 67.4 | 32.3 | 19.2 | 4.2 | 33.0 | 30.2 | 9.7 | 0.3 | 0.4 | 0.7 | 0.9 | 1 | 1.3 | 0.3 | 0.2 | 0.9 | 1.6 |
| Cash at End | 448.5 | 378.8 | 589.1 | 60.6 | 67.8 | 56.9 | 44.3 | 67.4 | 32.3 | 19.2 | 4.6 | 33.0 | 30.2 | 9.7 | 0.3 | 0.4 | 0.7 | 0.9 | 1 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 215.7 | 182.8 | 108.5 | 69.3 | 119.3 | 116.0 | (3.7) | 20.2 | 21.5 | 18.5 | (29.6) | 2.1 | 16.7 | 13.4 | 14.3 | 2.4 | (16) | (2.5) | 0.6 | 0.7 | (4.3) | (3.1) | (0.2) |
| 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 | 1,514.7 | 1,356.5 | 1,257.4 | 1,151.0 | 1,074.8 | 963.9 | 994.9 | 882.8 | 727.9 | 603.8 | 542.1 | 509.7 | 449.0 | 394.3 | 359.4 | 296.8 | 257.5 | 227.1 | 207.8 | 190.7 | 166.6 | 151.4 | 136.0 | 116.2 | 104.0 | 91.4 | 78 | 68.4 | 60.6 | 50.5 | 42.6 | 33.3 | 25.4 |
| Gross Profit | 736.9 | 643.3 | 583.9 | 519.1 | 485.3 | 401.2 | 432.4 | 394.8 | 326.3 | 265.0 | 235.8 | 225.2 | 194.4 | 182.0 | 165.5 | 128.5 | 108.8 | 93.3 | 79.8 | 73.1 | 69.1 | 67.5 | 60.7 | 48.5 | 38.1 | 34.9 | 33.7 | 28.8 | 25.5 | 23.6 | 19.3 | 15.9 | 13.1 |
| Operating Income | 184.4 | 155.7 | 123.9 | 87.6 | 60.9 | (1.6) | 15.4 | 58.6 | 33.1 | 34.9 | 37.5 | 40.2 | 27.8 | 29.6 | 33.2 | 17.2 | 32.8 | 31.0 | 23.0 | 19.0 | 23.5 | 27.3 | 25.6 | 16.8 | 9.9 | 3.5 | 6.1 | 5.3 | 2.7 | 4.4 | 2.5 | 2 | 2.6 |
| Net Income | 128.5 | 120.4 | 94.4 | 74.5 | 48.5 | (9.8) | 5.5 | 42.0 | 27.5 | 20.1 | 23.8 | 23.0 | 16.6 | 19.7 | 23.0 | 12.5 | 22.5 | 20.7 | 15.6 | 12.3 | 15.8 | 17.9 | 17.3 | 11.3 | 6.7 | 0.8 | 3.2 | 2.5 | 0.8 | 2.2 | 1.2 | 1.3 | 1.8 |
| EPS (Diluted) | 2.13 | 2.03 | 1.62 | 1.29 | 0.84 | -0.18 | 0.10 | 0.78 | 0.55 | 0.45 | 0.53 | 0.53 | 0.39 | 0.46 | 0.58 | 0.34 | 0.63 | 0.58 | 0.44 | 0.35 | 0.46 | 0.52 | 0.51 | 0.34 | 0.23 | 0.03 | 0.12 | 0.10 | 0.03 | 0.09 | 0.05 | 0.05 | 0.08 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 448.5 | 376.7 | 587.0 | 58.4 | 67.8 | 56.9 | 44.3 | 67.4 | 32.3 | 19.2 | 6.1 | 34.0 | 33.0 | 30.2 | 9.7 | 0.3 | 0.4 | 0.7 | 0.9 | 1 | 1.3 | 0.3 | 0.2 | 0.9 | |||||||||
| Total Assets | 2,685.9 | 2,418.6 | 2,325.2 | 1,664.0 | 1,648.3 | 1,664.4 | 1,757.3 | 1,620.0 | 1,111.8 | 942.8 | 271.5 | 231.8 | 139.9 | 107.3 | 78.3 | 66.7 | 71.4 | 72.4 | 50.7 | 45.3 | 41.7 | 34.5 | 27 | 20.5 | |||||||||
| Total Debt | 898.2 | 794.7 | 891.4 | 279.8 | 325.7 | 448.0 | 535.3 | 395.2 | 278.5 | 324.4 | 7 | 0.4 | 0.0 | 0.0 | 0.4 | 6.3 | 25.1 | 33.5 | 12.8 | 10.3 | 10.7 | 8.4 | 4.6 | 2.3 | |||||||||
| Stockholders' Equity | 1,584.3 | 1,379.4 | 1,202 | 1,144.4 | 1,039.8 | 958.6 | 949.9 | 932.8 | 676.3 | 498.2 | 218.8 | 194.3 | 111.1 | 88.2 | 63.4 | 47.7 | 34.8 | 32.7 | 29.1 | 25.8 | 22.5 | 19.3 | 17.5 | 15.7 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 297.4 | 220.8 | 145.2 | 114.3 | 147.2 | 165.3 | 77.8 | 86.5 | 62.7 | 53.6 | 11.1 | 30.0 | 24.8 | 21.4 | 18.4 | 7.1 | 0.3 | 1.7 | 1.7 | 3.4 | (1.8) | 0.4 | 1.2 | ||||||||||
| Capital Expenditure | (81.7) | (38.0) | (36.7) | (45.0) | (27.9) | (49.3) | (81.5) | (66.3) | (41.2) | (35.1) | (40.7) | (27.9) | (8.2) | (8.0) | (4.1) | (4.7) | (16.3) | (4.2) | (1.1) | (2.7) | (2.5) | (3.5) | (1.4) | ||||||||||
| Free Cash Flow | 215.7 | 182.8 | 108.5 | 69.3 | 119.3 | 116.0 | (3.7) | 20.2 | 21.5 | 18.5 | (29.6) | 2.1 | 16.7 | 13.4 | 14.3 | 2.4 | (16) | (2.5) | 0.6 | 0.7 | (4.3) | (3.1) | (0.2) | ||||||||||