Midland States Bancorp, Inc. logo MSBI - Midland States Bancorp, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 0
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $26.50 DETAILS
HIGH: $28.00
LOW: $25.50
MEDIAN: $26.00
CONSENSUS: $26.50
DOWNSIDE: 4.09%
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 2011 Q1 2010 Q1
Revenue
Revenue 108.1 107.3 115.5 118.1 115.0 182.5 137.6 134.6 138.4 117.5 114.3 117.8 110.5 119.5 94.2 83.6 77.8 85.0 76.7 77.0 76.6 81.3 80.7 80.1 78.4 82.9 85.0 79.0 76.2 82.1 75.0 73.6 62.5 57.1 58.0 47.7 47.7 59.9 45.8 45.6 40.1 42.9 42.6 44.5 44.7 19.3 20.9 21.6 21.4 19.3 21.0 18.6 20.0 21.6 24.5 21.7
Cost of Revenue 33.6 33.4 57.4 56.6 51.9 130.4 67.8 56.5 65.7 53.6 50.2 47.5 38.2 30.2 22.5 13.3 10.1 6.6 6.9 7.8 12.2 20.4 22.1 22.6 26.2 21.1 19.9 18.6 17.1 16.5 14.0 11.9 10.3 13.5 8.0 5.6 5.9 6.5 5.3 4.8 5.1 4.9 10.2 5.3 3.6 0 0 0 0 0 0 0 0 0 7.0 7.4
Gross Profit 74.5 73.9 58.1 61.5 63.1 52.0 69.8 78.0 72.7 63.9 64.1 70.3 72.3 89.3 71.7 70.2 67.7 78.4 69.8 69.1 64.4 60.9 58.6 57.5 52.1 61.8 65.1 60.4 59.1 65.5 61.0 61.7 52.2 43.5 50.0 42.1 41.8 53.4 40.5 40.8 35.0 38.0 32.4 39.2 41.1 19.3 20.9 21.6 21.4 19.3 21.0 18.6 20.0 21.6 17.4 14.4
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
SG&A Expenses 30.7 39.4 29.4 28.4 28.7 25.1 26.8 24.8 26.1 26.0 24.4 24.7 26.3 23.8 24.9 24.2 23.4 23.3 23.0 22.8 21.0 22.0 21.9 21.5 22.0 24.4 25.9 22.6 23.7 24.6 24.2 25.4 30.1 18.5 24.0 23.1 18.1 18.4 17.7 18.2 16.5 14.9 16.2 17.8 19.4 18.6 12.1 12.2 13.4 11.6 12.5 12.8 11.0 11.4 7.8 4.8
Other Expenses 19.7 37.8 17.5 18.2 172.2 29.2 18.0 21.4 17.5 17.4 16.8 16.8 17.4 21.6 17.5 16.9 16.9 24.5 21.3 27.3 19.3 28.1 33.5 20.0 28.1 21.3 22.6 16.4 17.1 20.1 25.8 20.5 18.8 17.2 23.7 14.0 12.2 15.1 10.7 12.2 10.7 12.6 10.9 11.9 11.6 1.2 3.5 3.8 3.0 7.2 7.3 0.9 3.1 3.8 5.1 3.6
Operating Expenses 50.4 77.2 46.8 46.6 200.9 54.4 44.8 46.2 43.6 43.4 41.2 41.5 43.7 45.4 42.4 41.1 40.3 47.8 44.3 50.1 40.4 50.1 55.3 41.5 50.1 45.8 48.4 39.0 40.8 44.7 50.1 45.9 49.0 35.8 47.7 37.2 30.4 33.5 28.3 30.4 27.2 27.5 27.0 29.7 31.0 19.8 15.6 16.0 16.4 18.8 19.8 13.7 14.1 15.3 12.9 8.4
Operating Income
Operating Income 24.1 (3.2) 11.3 14.9 (137.8) (2.3) 25.0 31.8 29.1 20.5 22.9 28.8 28.7 43.9 29.4 29.2 27.4 30.6 25.4 19.0 24.0 10.7 3.3 16.0 2.0 16.1 16.7 21.4 18.3 20.9 10.9 15.8 3.2 7.8 2.3 4.9 11.5 19.9 12.1 10.5 7.9 10.5 5.4 9.4 10.2 (10.8) 8.8 9.4 8.0 7.7 8.5 3.9 7.2 7.9 4.6 6.0
Interest Expense 28.6 33.4 37.4 39.2 41.1 45.9 49.9 48.2 45.8 46.6 45.0 41.7 35.0 26.7 15.5 7.9 5.9 6.1 7.1 8.3 8.6 9.2 10.3 11.6 14.7 15.8 15.6 14.6 13.8 13.1 11.9 10.0 8.3 7.5 6.5 0 4.4 1.7 1.7 0 0 3.8 0 0 0 0 0 0 0 0 0 0 0 0 4.6 6.2
Interest Income 86.0 92.1 98.5 97.9 99.4 116.3 109.0 107.1 105.5 104.7 103.6 100.5 95.5 90.2 79.6 69.2 62.7 60.4 58.5 58.4 60.5 62.7 60.3 60.5 61.3 64.4 65.0 60.6 59.4 61.6 57.0 58.3 46.5 43.5 43.2 34.5 31.8 30.0 31.2 32.1 28.0 30.3 28.9 31.2 27.3 0 0 0 0 0 0 0 0 0 21.3 16.0
Profitability
EBITDA 24.1 (3.2) 14.2 17.9 (134.7) 0.9 28.1 35.2 32.5 23.9 26.3 31.7 31.7 47.0 33.1 32.9 31.3 34.5 29.5 23.2 28.3 15.1 8.7 20.8 6.9 21.0 21.8 26.0 23.1 25.0 14.9 19.8 7.2 11.0 6.3 8.1 14.5 23.4 15.6 13.7 11.0 8.7 8.5 13.8 12.1 0.3 (1.4) (4.3) (1.1) 31.7 30.6 (0.3) (2.5) (2.9) 6.3 6.8
EBIT 24.1 (3.2) 11.3 14.9 (137.8) (2.3) 25.0 31.8 29.1 20.5 22.9 28.8 28.7 43.9 29.4 29.2 27.4 30.6 25.4 19.0 24.0 10.7 3.3 16.0 2.0 16.1 16.7 21.4 18.3 20.9 10.9 15.8 3.2 7.8 2.3 4.9 11.5 19.9 12.1 10.5 7.9 10.5 5.4 9.4 10.2 1.5 17.6 18.9 16.0 15.4 17.0 0 0 0 4.6 6.0
Income Before Tax 24.1 (3.2) 11.3 14.9 (137.8) (2.3) 25.0 31.8 29.1 20.5 22.9 28.8 28.7 43.9 29.4 29.2 27.4 30.6 25.4 19.0 24.0 10.7 3.3 16.0 2.0 16.1 16.7 21.4 18.3 20.9 10.9 15.8 3.2 7.8 2.3 4.9 11.5 19.9 12.1 10.5 7.9 10.5 5.4 9.4 10.2 (0.4) 5.3 5.7 5.0 4.4 5.1 4.9 6.0 6.3 4.6 6.0
Income Tax Expense 5.6 (0.4) 3.8 2.8 3.2 (1.3) 4.5 6.1 6.4 6.4 11.5 7.2 6.9 11.0 5.9 7.3 6.6 7.5 5.9 (1.1) 5.5 2.4 3.2 3.4 0.5 3.3 4.0 5.0 4.4 4.5 2.4 3.0 1.4 5.8 0.3 1.4 3.0 8.3 4.1 3.7 2.8 2.8 1.9 2.8 3.6 (0.2) 1.6 1.6 1.5 2.0 1.5 0.7 1.8 1.6 1.4 1.6
Net Income 18.5 (2.9) 7.6 12.0 (141.0) (1.1) 20.4 25.7 22.7 14.1 11.4 21.6 21.8 32.9 23.5 21.9 20.7 23.1 19.5 20.1 18.5 8.3 0.1 12.6 1.5 12.8 12.7 16.4 14.0 16.3 8.5 12.8 1.8 2.0 2.0 3.5 8.5 11.6 8.0 6.8 5.1 7.7 3.4 6.7 6.5 (5.2) 3.6 1.3 3.4 1.6 2.3 2.9 2.8 3.4 3.2 4.3
Per Share Data
EPS (Basic) 0.76 -0.24 0.24 0.45 0.57 -0.15 0.74 1.06 0.92 0.19 0.41 0.86 0.86 1.32 1.04 0.97 0.92 1.02 0.86 0.88 0.81 0.36 0.00 0.53 0.06 0.52 0.51 0.67 0.58 0.68 0.35 0.53 0.08 0.10 0.10 0.21 0.54 0.74 0.51 0.51 0.34 0.52 0.23 0.45 0.44 -1.05 0.42 0.26 0.40 0.26 0.22 0.27 0.26 0.32 0.22 0.29
EPS (Diluted) 0.76 -0.24 0.24 0.45 0.57 -0.15 0.74 1.06 0.92 0.19 0.41 0.86 0.86 1.30 1.04 0.97 0.92 1.02 0.86 0.88 0.81 0.36 0.00 0.53 0.06 0.51 0.51 0.67 0.57 0.67 0.35 0.52 0.08 0.10 0.10 0.20 0.52 0.74 0.51 0.50 0.34 0.52 0.23 0.45 0.44 -0.70 0.42 0.26 0.40 0.22 0.32 0.41 0.41 0.49 0.22 0.29
Shares Outstanding 21.3 21.9 21.9 21.8 26.0 21.7 21.7 21.7 21.8 21.6 22.0 22.2 22.5 22.2 22.3 22.3 22.3 22.5 22.5 22.6 22.5 22.6 22.9 23.3 24.4 24.4 24.5 24.1 24.0 23.9 23.9 23.8 20.9 20.9 19.3 16.8 15.7 15.6 15.6 13.4 14.8 14.8 14.8 14.8 14.8 4.9 8.6 4.9 8.6 6.0 10.7 10.7 10.7 10.7 14.8 14.8
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 113.0 127.3 165.7 175.9 101.3 114.1 121.2 123.7 166.5 134.2 131.2 159.6 136.1 153.3 309.5 264.2 326.1 673.3 658.2 418.8 628.5 337.1 459.5 517.5 445.1 392.7 407.4 244.2 275.9 210.8 240.5 274.6 330.2 214.5 180.8 332.4 217.7 189.5 227.5 122.6 162.3
Short-Term Investments 1,338.8 1,291.8 1,147.5 4.4 1,107.2 952.3 1,212.1 1,095.1 1,040.4 915.9 835.0 882.7 812.3 768.2 681.9 760.5 849.1 906.6 890.8 747.3 681.0 676.7 609.8 630.7 656.3 649.4 663.0 609.7 652.7 657.5 682.4 704.6 0 450.5 397.9 386.1 260.1 247.2 253.9 240.5 233.8
Net Receivables 25.9 23.8 316.6 356.8 381.7 402.1 444.6 454.4 481.8 498.3 500.3 521.5 530.6 512.1 468.5 455.8 448.8 442.8 426.9 424.4 421.2 433.6 415.8 400.5 370.0 348.9 330.0 315.4 301.3 289.4 265.6 248.0 246.5 225.2 214.7 215.0 207.5 205.5 192.7 188.4 171.3
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.8 0 0 6.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 1,477.7 1,442.9 1,629.7 537.1 1,590.1 1,468.4 1,777.9 1,673.2 1,688.7 1,548.4 1,466.5 1,563.8 1,479.0 1,433.6 1,459.9 1,480.5 1,624.0 2,022.7 1,975.8 1,590.5 1,730.6 1,447.4 1,489.9 1,548.7 1,471.4 1,397.4 1,400.4 1,169.2 1,229.9 1,157.7 1,188.5 1,227.1 576.7 890.3 793.4 933.6 685.3 642.3 674.1 551.5 567.4
Non-Current Assets
Property, Plant & Equipment 84.2 85.1 86.0 86.2 86.7 85.7 84.7 83.0 81.8 82.8 82.7 81.0 80.6 78.3 77.5 77.7 77.9 79.2 79.7 80.7 82.1 83.3 84.4 103.4 104.2 105.3 108.7 105.0 105.2 94.8 95.1 94.8 95.3 76.2 80.9 76.6 66.9 66.7 70.7 72.1 72.4
Goodwill 7.9 7.9 7.9 7.9 7.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 161.9 172.8 172.8 171.8 171.1 164.7 164.7 164.7 164.0 164.0 155.7 98.6 97.4 96.9 50.8 48.8 46.5 46.5 46.5
Intangible Assets 19.8 20.8 25.8 27.1 28.5 29.9 31.5 32.9 34.6 36.4 38.2 40.0 20.7 22.1 23.5 49.4 50.5 53.2 57.0 62.5 63.7 68.5 72.4 75.7 77.7 88.7 90.8 88.1 88.5 90.8 90.9 93.5 102.9 73.3 74.3 88.7 77.2 75.2 70.1 68.7 71.9
Long-Term Investments 4,523.5 4,514.4 4,757.2 6,036.1 5,149.0 5,318.4 5,299.4 5,390.3 5,467.5 5,641.0 5,793.8 5,858.7 5,867.5 5,830.5 5,765.5 5,351.2 5,112.6 4,828.4 4,533.4 4,445.8 4,569.3 4,836.9 4,621.7 4,511.7 4,158.3 4,109.3 4,138.4 3,818.6 3,856.0 3,932.3 3,983.4 3,942.9 4,594.2 3,100.2 3,126.6 3,111.8 2,377.8 2,282.4 2,295.8 2,189.4 2,064.3
Other Non-Current Assets 434.8 442.2 404.8 413.4 422.5 442.5 396.2 415.9 397.3 396.4 432.8 329.3 320.5 329.1 333.5 315.2 311.9 298.4 286.1 288.6 277.2 271.3 274.5 232.2 223.9 220.9 206.6 200.4 197.4 196.1 194.4 196.3 190.5 162.2 153.4 161.2 115.6 119.2 91.3 93.5 75.5
Total Non-Current Assets 5,070.2 5,070.5 5,281.8 6,570.8 5,694.7 6,038.4 5,973.5 6,084.0 6,143.1 6,318.5 6,509.4 6,470.9 6,451.2 6,421.9 6,362.0 5,955.3 5,714.7 5,421.2 5,118.1 5,039.5 5,154.1 5,421.1 5,215.0 5,095.8 4,736.9 4,696.0 4,715.7 4,376.8 4,411.8 4,480.0 4,537.9 4,503.5 5,146.7 3,522.4 3,555.4 3,558.1 2,688.3 2,592.3 2,574.5 2,470.2 2,330.7
Total Assets 6,548.0 6,513.4 6,911.5 7,107.9 7,284.8 7,506.8 7,751.5 7,757.3 7,831.8 7,866.9 7,975.9 8,034.7 7,930.2 7,855.5 7,821.9 7,435.8 7,338.7 7,443.8 7,094.0 6,630.0 6,884.8 6,868.5 6,700.0 6,644.5 6,208.2 6,087.0 6,113.9 5,546.1 5,641.8 5,637.7 5,724.6 5,730.6 5,723.4 4,412.7 4,347.8 4,491.6 3,373.6 3,233.7 3,247.7 3,021.8 2,898.1
Current Liabilities
Account Payables 0 0 0 0 0 124.3 103.7 103.7 103.0 110.5 106.7 90.9 66.2 80.2 79.6 73.5 0 93.9 0 0 0 0 4.1 4.4 7.1 6.4 6.8 5.5 6.3 4.9 5.6 3.7 4.8 2.5 2.4 1.6 2.0 1.0 1.9 1.1 1.9
Short-Term Debt 153.4 60.2 206.8 90.7 280.2 87.5 163.8 157.2 314.4 184.9 341.0 76.8 86.2 184.6 208.5 142.7 60.4 76.8 66.7 76.0 71.7 69.0 58.6 77.1 43.6 82.0 122.3 113.8 125.8 157.1 145.4 114.5 130.7 165.1 192.4 209.6 124.0 131.6 138.3 140.0 101.6
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 0
Other Current Liabilities 5,440.1 5,424.4 5,604.8 5,946.9 5,936.4 6,197.2 6,256.8 6,118.0 6,324.0 6,309.5 6,405.0 6,426.5 6,425.2 6,364.7 6,395.3 6,184.4 6,057.5 6,110.6 5,601.4 5,196.4 5,340.5 5,101.0 5,028.7 4,943.1 4,650.6 4,544.3 4,445.2 4,011.2 4,036.3 4,074.2 4,143.2 4,159.9 4,233.8 3,131.1 3,114.5 3,333.0 2,527.5 2,404.4 2,420.0 2,354.6 2,389.7
Total Current Liabilities 5,593.5 5,484.6 5,811.6 6,037.6 6,216.7 6,409.0 6,524.4 6,378.9 6,741.4 6,604.9 6,852.7 6,594.2 6,577.5 6,629.5 6,683.4 6,400.7 6,117.9 6,281.3 5,668.0 5,272.3 5,412.2 5,170.0 5,091.4 5,024.6 4,701.3 4,632.7 4,574.3 4,130.5 4,168.4 4,236.1 4,294.2 4,278.1 4,369.3 3,301.3 3,311.6 3,545.8 2,655.5 2,538.0 2,562.1 2,496.7 2,495.1
Non-Current Liabilities
Long-Term Debt 265.0 320.0 340.0 340.8 335.8 335.7 357.7 541.7 248.6 419.5 308.5 613.4 526.8 459.8 349.4 349.3 449.2 449.1 579.0 578.9 698.9 948.8 863.2 863.3 762.4 669.8 752.4 676.4 753.0 701.7 746.2 772.7 681.3 581.2 504.3 415.7 304.9 292.0 292.0 137.0 101.9
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 6.8 11.3 9.9 11.3 5.4 3.9 0.9 0 0 0 0 0 0 0 8.9 8.6 3.2 1.6 0
Other Non-Current Liabilities 130.5 143.3 175.9 155.8 161.0 51.2 51.1 50.9 50.8 50.6 50.5 50.3 50.1 7.7 49.8 49.7 116.4 38.8 178.3 119.3 127.0 116.4 104.3 96.4 88.4 96.0 109.9 84.7 84.2 91.3 90.1 87.2 87.4 80.7 81.2 78.2 70.0 73.3 68.6 70.1 62.4
Total Non-Current Liabilities 395.5 463.4 515.9 496.6 496.7 387.0 408.8 592.6 299.4 470.2 358.9 663.7 577.0 467.4 399.2 399.0 575.8 498.6 768.1 709.5 837.1 1,077.2 986.8 986.3 875.8 792.4 884.1 775.7 849.2 793.0 836.2 859.9 768.7 661.9 585.5 493.9 383.8 373.9 363.9 208.8 164.4
Total Liabilities 5,989.0 5,947.9 6,327.5 6,534.2 6,713.4 6,796.0 6,933.2 6,971.5 7,040.8 7,075.0 7,211.7 7,257.9 7,154.5 7,096.9 7,082.6 6,799.6 6,693.7 6,780.0 6,436.1 5,981.8 6,249.3 6,247.1 6,078.2 6,010.9 5,577.1 5,425.1 5,458.4 4,906.2 5,017.6 5,029.1 5,130.5 5,138.1 5,138.0 3,963.2 3,897.1 4,039.7 3,039.2 2,912.0 2,925.9 2,705.5 2,659.5
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1
Retained Earnings 96.2 86.8 99.0 100.7 97.7 247.7 334.5 325.0 327.3 322.4 317.1 307.9 295.2 282.4 259.2 242.2 226.8 212.5 195.6 182.4 168.6 156.3 154.0 160.1 153.7 165.9 159.1 152.4 141.9 133.8 122.7 119.5 112.0 114.5 116.4 118.2 117.9 112.5 103.8 98.5 93.9
Accumulated Other Comprehensive Income (69.6) (60.3) (63.0) (74.0) (72.3) (82.0) (60.6) (82.6) (81.4) (76.8) (101.2) (84.7) (77.8) (83.8) (78.4) (53.1) (28.0) 5.2 11.1 10.4 12.4 11.4 9.4 10.7 8.5 7.4 8.2 7.2 3.5 (2.1) (4.7) (2.3) (0.7) 1.8 1.2 1.1 (0.2) (0.6) 9.3 9.5 8.1
Total Stockholders' Equity 559.0 565.5 584.0 573.7 571.4 710.8 818.3 785.8 791.0 791.9 764.2 776.8 775.6 758.6 739.3 636.2 645.0 663.8 657.8 648.2 635.5 621.4 621.9 633.6 631.2 661.9 655.5 639.9 624.2 608.5 594.1 592.5 585.4 449.5 450.7 452.0 334.3 321.8 321.7 316.3 238.4
Total Liabilities & Equity 6,548.0 6,513.4 6,911.5 7,107.9 7,284.8 7,506.8 7,751.5 7,757.3 7,831.8 7,866.9 7,975.9 8,034.7 7,930.2 7,855.5 7,821.9 7,435.8 7,338.7 7,443.8 7,094.0 6,630.0 6,884.8 6,868.5 6,700.0 6,644.5 6,208.2 6,087.0 6,113.9 5,546.1 5,641.8 5,637.7 5,724.6 5,730.6 5,723.4 4,412.7 4,347.8 4,491.6 3,373.6 3,233.7 3,247.7 3,021.8 2,898.1
Debt Metrics
Total Debt 418.4 380.2 546.8 431.4 616.0 423.2 521.6 698.9 563.1 604.4 649.5 690.2 613.0 644.4 557.9 492.0 519.8 536.6 656.5 666.2 781.8 1,029.7 934.2 955.7 821.0 767.2 891.1 801.0 890.0 858.8 891.6 887.3 812.0 746.4 696.7 625.3 428.9 423.6 430.3 277.1 203.7
Net Debt 305.4 252.9 381.1 255.5 514.7 309.2 400.4 575.1 396.6 470.2 518.3 530.5 476.9 491.0 248.4 227.8 193.7 (136.7) (1.7) 247.4 153.4 692.6 474.7 438.2 375.9 374.5 483.7 556.7 614.1 648.0 651.1 612.7 481.8 531.8 515.9 292.9 211.3 234.1 202.8 154.4 41.4
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 18.5 (2.9) 7.6 12.0 (141.0) (1.1) 18.5 6.8 13.9 14.1 11.4 21.6 21.8 32.9 23.5 21.9 20.7 23.1 19.5 20.1 18.5 8.3 0.1 12.6 1.5 12.8 12.7 16.4 14.0 16.3 8.5 12.8 1.8 2.0 2.0 3.5 8.5 11.6 8.0 6.8 5.1
Depreciation & Amortization 2.7 2.9 2.9 3.0 3.1 3.2 3.2 3.3 3.4 3.4 3.4 2.9 3.0 3.1 3.7 3.7 3.9 3.9 4.0 4.2 4.2 4.3 5.4 4.8 4.9 5.0 5.1 4.6 4.8 4.1 4.0 4.0 4.0 3.2 4.0 3.2 3.0 3.5 3.5 3.2 3.1
Stock-Based Compensation 0.9 0.7 0.7 0.8 0.8 0.9 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.7 0.5 0.5 0.5 0.5 0.4 0.5 0.5 0.6 0.4 0.6 0.6 0.6 0.5 0.5 0.8 0.1 0.3 0.4 0.4 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1
Change in Working Capital (6.7) (37.5) 24.6 1.5 1.6 19.1 11.3 (16.7) (5.1) 35.8 (29.4) 8.7 (10.7) (5.3) (8.7) 4.0 (13.8) 12.1 (3.9) (9.6) (1.8) (13.0) (8.7) (2.0) (14.2) (25.9) 19.1 3.7 (4.9) (6.2) 9.0 (6.5) 2.7 (1.4) (5.2) (0.7) 7.2 (9.2) 0.8 11.8 (7.7)
Other Non-Cash Items 1.5 29.7 44.2 10.8 160.2 76.2 (0.5) 24.0 14.0 33.4 20.5 11.1 1.4 (0.6) 32.5 85.3 27.7 (6.3) 64.4 43.1 136.9 93.1 192.1 146.0 61.7 25.1 355.3 (1.6) 15.3 16.8 7.2 (11.5) 29.0 3.9 10.3 (2.4) 28.8 (11.0) 43.2 0.6 (48.6)
Operating Cash Flow 17.0 (7.1) 80.0 28.1 24.7 98.3 33.2 18.1 26.9 87.4 6.5 44.8 16.0 30.7 51.6 115.4 39.1 33.3 84.4 58.3 158.4 93.3 189.3 162.0 54.6 17.5 392.6 23.6 30.0 31.1 28.9 (0.9) 37.9 7.8 11.3 3.8 47.7 (4.9) 55.6 22.6 (47.9)
Investing Activities
Capital Expenditure (0.6) (0.7) (1.4) 1.8 (1.8) (2.7) (2.1) (1.6) (0.5) (1.7) (2.4) (1.9) (2.8) (1.4) (1.2) (0.5) (0.4) (0.9) (0.9) (0.4) (0.6) (0.6) (0.6) (0.6) (0.8) (1.5) (0.9) (1.9) (1.3) (1.4) (1.7) (2.7) (1.4) (0.9) (2.6) (1.4) (1.3) (0.7) 0.1 (1.0) (0.6)
Acquisitions 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 0 0 0 69.9 0 0 0 0 0 36.2 0 0 (18.5) 0.0 (5.2) 0 0 0
Purchases of Investments (242.0) (301.6) (209.1) (79.9) (218.7) 0 (203.8) (206.3) (231.0) (190.0) (150.1) (164.2) (148.3) (110.7) (4.8) (85.8) (16.3) (131.4) (132.5) (149.1) (57.1) (137.6) (59.6) (32.7) (52.0) (80.2) (86.3) (19.3) (23.6) (7.8) (16.1) (48.1) (25.0) (39.5) (99.3) (21.9) (119.9) (135.2) (22.0) (21.4) (26.9)
Sales/Maturities of Investments 163.4 168.2 199.8 103.1 69.0 117.8 125.9 135.1 110.6 140.6 172.8 97.8 102.6 25.7 47.1 141.8 21.8 50.0 58.0 75.0 60.4 88.2 56.2 53.6 44.2 93.5 91.7 69.4 31.5 38.3 33.3 69.5 33.2 74.3 68.6 46.6 109.2 142.1 8.4 18.0 33.6
Other Investing Activities 10.9 468.9 155.9 207.7 191.0 (53.5) 91.1 93.6 164.0 118.9 21.7 (19.2) (49.9) (111.5) (430.7) (256.1) (315.8) (311.1) (156.3) 76.0 142.2 (319.7) (300.0) (525.6) (124.9) (12.2) (483.2) 15.7 48.8 18.0 (61.1) (68.4) (1.2) (72.2) 20.1 (39.9) (135.9) (9.2) (153.6) (164.4) (22.5)
Investing Cash Flow (68.4) 334.7 145.2 229.5 39.5 61.7 11.1 20.8 43.1 67.8 42.0 (87.5) (98.4) (197.9) (389.5) (200.7) (310.8) (393.3) (231.5) 1.4 144.9 (369.7) (304.0) (505.3) (133.5) (0.4) (408.7) 63.9 55.5 47.0 (45.7) (49.7) 41.7 (38.3) (13.2) (35.2) (147.9) (8.1) (167.1) (168.8) (16.4)
Financing Activities
Net Debt Issuance 38.2 (166.6) 115.4 (184.6) 192.7 (98.4) (177.3) 135.9 (41.4) (45.1) (40.8) 77.8 10.9 43.6 65.8 (17.7) (16.5) (119.9) (9.3) (115.8) (247.2) 95.8 (18.7) 134.6 53.9 (124.8) 76.7 (88.6) 20.0 (32.8) 4.3 75.2 47.5 49.6 71.4 86.8 5.0 (6.7) 153.3 72.9 (5.9)
Stock Repurchased (7.9) (9.7) 0 0 0 0.0 (0.5) (3.0) (1.9) (2.9) (6.1) (6.2) (2.8) 0 0 (0.2) (1.1) (5.2) (5.2) 0 (1.2) (6.9) (5.0) (7.2) (20.6) (2.2) (1.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (9.1) (9.3) (9.2) (9.0) (9.0) (9.0) (9.0) (9.0) (9) (8.8) (8.8) (8.9) (9.0) (9.7) (6.5) (6.5) (6.5) (6.2) (6.3) (6.3) (6.3) (6.0) (6.1) (6.2) (6.6) (6.0) (6.0) (5.9) (5.9) (5.3) (5.3) (5.3) (4.3) (3.9) (3.9) (3.2) (3.1) (2.8) (2.8) (2.1) (2.1)
Other Financing Activities 15.7 (180.4) (342.1) 10.5 (260.8) (59.6) 139.7 (205.5) 14.6 (95.4) (21.4) 2.4 61.0 (29.7) 211.1 47.1 (52.4) 509.0 405.5 (144.2) 241.1 74.0 85.9 292.6 107.0 101.0 111.2 (25.1) (37.9) (69.0) (16.7) (75.1) (7.3) 16.5 (216.6) 63.7 123.1 (15.7) 65.8 (35.0) 22.1
Financing Cash Flow 37.2 (366.0) (235.7) (182.9) (76.9) (167.1) (47.1) (81.6) (37.7) (152.2) (77.1) 65.1 60.1 4.4 381.0 23.1 (76.4) 377.7 384.6 (265.8) (13.7) 156.9 56.0 413.8 133.7 (32.0) 180.1 (118.5) (22.7) (106.9) (17.1) (4.3) 36.4 62.1 (148.9) 147.7 127.7 (24.4) 216.1 107.2 14.2
Cash Position
Net Change in Cash (14.2) (38.3) (10.4) 74.6 (12.8) (7.1) (2.8) (42.7) 32.3 2.9 (28.6) 22.4 (22.3) (162.9) 43.1 (62.1) (348.1) 17.7 237.5 (206.1) 289.6 (119.6) (58.7) 70.5 54.9 (14.8) 163.9 (31.1) 62.8 (28.7) (33.9) (54.9) 116.0 31.6 (150.8) 116.3 27.4 (37.3) 104.7 (39.0) (50.1)
Cash at Beginning 127.8 166.1 176.6 102.0 114.8 121.9 124.6 167.3 135.1 132.1 160.7 138.3 160.6 313.2 270.1 332.3 680.4 662.6 425.1 631.2 341.6 461.2 519.9 449.4 394.5 409.3 245.4 276.5 213.7 242.4 276.3 331.2 215.2 183.6 334.4 218.1 190.7 228.0 123.4 162.4 212.5
Cash at End 113.7 127.8 166.1 176.6 102.0 114.8 121.9 124.6 167.3 135.1 132.1 160.7 138.3 150.3 313.2 270.1 332.3 680.4 662.6 425.1 631.2 341.6 461.2 519.9 449.4 394.5 409.3 245.4 276.5 213.7 242.4 276.3 331.2 215.2 183.6 334.4 218.1 190.7 228.0 123.4 162.4
Free Cash Flow 16.3 (7.8) 78.6 29.9 22.9 95.6 31.1 16.5 26.4 85.7 4.1 42.9 13.2 29.3 50.4 114.9 38.7 32.5 83.6 57.9 157.8 92.7 188.7 161.4 53.8 16.1 391.7 21.6 28.7 29.7 27.2 (3.6) 36.5 6.9 8.7 2.4 46.4 (5.5) 55.8 21.6 (48.5)
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 2011 Q1 2010 Q1
Income Statement
Revenue 108.1 107.3 115.5 118.1 115.0 182.5 137.6 134.6 138.4 117.5 114.3 117.8 110.5 119.5 94.2 83.6 77.8 85.0 76.7 77.0 76.6 81.3 80.7 80.1 78.4 82.9 85.0 79.0 76.2 82.1 75.0 73.6 62.5 57.1 58.0 47.7 47.7 59.9 45.8 45.6 40.1 42.9 42.6 44.5 44.7 19.3 20.9 21.6 21.4 19.3 21.0 18.6 20.0 21.6 24.5 21.7
Gross Profit 74.5 73.9 58.1 61.5 63.1 52.0 69.8 78.0 72.7 63.9 64.1 70.3 72.3 89.3 71.7 70.2 67.7 78.4 69.8 69.1 64.4 60.9 58.6 57.5 52.1 61.8 65.1 60.4 59.1 65.5 61.0 61.7 52.2 43.5 50.0 42.1 41.8 53.4 40.5 40.8 35.0 38.0 32.4 39.2 41.1 19.3 20.9 21.6 21.4 19.3 21.0 18.6 20.0 21.6 17.4 14.4
Operating Income 24.1 (3.2) 11.3 14.9 (137.8) (2.3) 25.0 31.8 29.1 20.5 22.9 28.8 28.7 43.9 29.4 29.2 27.4 30.6 25.4 19.0 24.0 10.7 3.3 16.0 2.0 16.1 16.7 21.4 18.3 20.9 10.9 15.8 3.2 7.8 2.3 4.9 11.5 19.9 12.1 10.5 7.9 10.5 5.4 9.4 10.2 (10.8) 8.8 9.4 8.0 7.7 8.5 3.9 7.2 7.9 4.6 6.0
Net Income 18.5 (2.9) 7.6 12.0 (141.0) (1.1) 20.4 25.7 22.7 14.1 11.4 21.6 21.8 32.9 23.5 21.9 20.7 23.1 19.5 20.1 18.5 8.3 0.1 12.6 1.5 12.8 12.7 16.4 14.0 16.3 8.5 12.8 1.8 2.0 2.0 3.5 8.5 11.6 8.0 6.8 5.1 7.7 3.4 6.7 6.5 (5.2) 3.6 1.3 3.4 1.6 2.3 2.9 2.8 3.4 3.2 4.3
EPS (Diluted) 0.76 -0.24 0.24 0.45 0.57 -0.15 0.74 1.06 0.92 0.19 0.41 0.86 0.86 1.30 1.04 0.97 0.92 1.02 0.86 0.88 0.81 0.36 0.00 0.53 0.06 0.51 0.51 0.67 0.57 0.67 0.35 0.52 0.08 0.10 0.10 0.20 0.52 0.74 0.51 0.50 0.34 0.52 0.23 0.45 0.44 -0.70 0.42 0.26 0.40 0.22 0.32 0.41 0.41 0.49 0.22 0.29
Balance Sheet
Cash & Equivalents 113.0 127.3 165.7 175.9 101.3 114.1 121.2 123.7 166.5 134.2 131.2 159.6 136.1 153.3 309.5 264.2 326.1 673.3 658.2 418.8 628.5 337.1 459.5 517.5 445.1 392.7 407.4 244.2 275.9 210.8 240.5 274.6 330.2 214.5 180.8 332.4 217.7 189.5 227.5 122.6 162.3
Total Assets 6,548.0 6,513.4 6,911.5 7,107.9 7,284.8 7,506.8 7,751.5 7,757.3 7,831.8 7,866.9 7,975.9 8,034.7 7,930.2 7,855.5 7,821.9 7,435.8 7,338.7 7,443.8 7,094.0 6,630.0 6,884.8 6,868.5 6,700.0 6,644.5 6,208.2 6,087.0 6,113.9 5,546.1 5,641.8 5,637.7 5,724.6 5,730.6 5,723.4 4,412.7 4,347.8 4,491.6 3,373.6 3,233.7 3,247.7 3,021.8 2,898.1
Total Debt 418.4 380.2 546.8 431.4 616.0 423.2 521.6 698.9 563.1 604.4 649.5 690.2 613.0 644.4 557.9 492.0 519.8 536.6 656.5 666.2 781.8 1,029.7 934.2 955.7 821.0 767.2 891.1 801.0 890.0 858.8 891.6 887.3 812.0 746.4 696.7 625.3 428.9 423.6 430.3 277.1 203.7
Stockholders' Equity 559.0 565.5 584.0 573.7 571.4 710.8 818.3 785.8 791.0 791.9 764.2 776.8 775.6 758.6 739.3 636.2 645.0 663.8 657.8 648.2 635.5 621.4 621.9 633.6 631.2 661.9 655.5 639.9 624.2 608.5 594.1 592.5 585.4 449.5 450.7 452.0 334.3 321.8 321.7 316.3 238.4
Cash Flow
Operating Cash Flow 17.0 (7.1) 80.0 28.1 24.7 98.3 33.2 18.1 26.9 87.4 6.5 44.8 16.0 30.7 51.6 115.4 39.1 33.3 84.4 58.3 158.4 93.3 189.3 162.0 54.6 17.5 392.6 23.6 30.0 31.1 28.9 (0.9) 37.9 7.8 11.3 3.8 47.7 (4.9) 55.6 22.6 (47.9)
Capital Expenditure (0.6) (0.7) (1.4) 1.8 (1.8) (2.7) (2.1) (1.6) (0.5) (1.7) (2.4) (1.9) (2.8) (1.4) (1.2) (0.5) (0.4) (0.9) (0.9) (0.4) (0.6) (0.6) (0.6) (0.6) (0.8) (1.5) (0.9) (1.9) (1.3) (1.4) (1.7) (2.7) (1.4) (0.9) (2.6) (1.4) (1.3) (0.7) 0.1 (1.0) (0.6)
Free Cash Flow 16.3 (7.8) 78.6 29.9 22.9 95.6 31.1 16.5 26.4 85.7 4.1 42.9 13.2 29.3 50.4 114.9 38.7 32.5 83.6 57.9 157.8 92.7 188.7 161.4 53.8 16.1 391.7 21.6 28.7 29.7 27.2 (3.6) 36.5 6.9 8.7 2.4 46.4 (5.5) 55.8 21.6 (48.5)