Madison Square Garden Sports Corp. logo MSGS - Madison Square Garden Sports Corp.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 20
HOLD 9
SELL 0
STRONG
SELL
0
| PRICE TARGET: $390.20 DETAILS
HIGH: $430.00
LOW: $295.00
MEDIAN: $404.00
CONSENSUS: $390.20
UPSIDE: 10.27%
Metric 2026 Q3 2026 Q2 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 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Revenue
Revenue 432.2 403.4 39.5 204.0 424.2 357.8 53.3 227.3 430.0 326.9 43.0 126.9 382.7 353.7 24.1 175.2 337.8 289.6 18.8 146.9 183.0 28.8 57.0 (7.0) 267.6 292.8 49.9 263.6 517.2 632.2 218.1 318.0 459.6 536.3 245.2 305.6 386.0 445.1 181.7 217.8 336.3 255.0 300.9 396.8 118.9 213.4 286.6 206.8 206.8
Cost of Revenue 355.3 312.2 9.1 155.6 317.2 276.5 9.0 108.5 273.8 233.0 4.3 81.3 239.9 226.5 4.7 94.1 207.5 194.1 10.0 99.7 128.1 18.3 41.4 (15.4) 167.0 202.7 47.4 206.0 339.7 417.0 153.6 239.8 329.8 342.2 154.0 259.4 279.2 292.6 137.5 141.8 275.1 156.9 231.1 268.9 68.0 174.1 248.9 145.9 145.9
Gross Profit 76.9 91.2 30.4 48.3 107.0 81.2 44.3 118.7 156.1 93.9 38.7 45.7 142.9 127.2 19.4 81.1 130.3 95.5 8.8 47.2 54.9 10.5 15.6 8.5 100.7 90.1 2.4 57.6 177.5 215.2 64.5 78.2 129.8 194.1 91.2 46.2 106.8 152.5 44.2 76.0 61.2 98.1 69.8 127.9 50.9 39.4 37.7 60.8 60.8
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
SG&A Expenses 73.7 69.1 57.8 70.9 74.7 67.9 52.6 66.4 76.4 65.1 53.6 57.9 61.1 75.6 55.3 57.4 68.9 59.6 43.7 68.0 46.8 48.9 42.9 53.4 90.0 90.3 61.8 137.5 138.9 136.9 115.3 122.3 121.4 120.7 105.7 136.9 94.7 94.3 77.0 96.6 92.4 70.1 53.8 63.0 51.4 67.9 58.6 47.3 47.3
Other 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 0.1 25.8 (0.0) 0.1 (0.0) 0.1 26.5 0.1 0 0
Operating Expenses 73.7 69.1 57.8 70.9 74.7 67.9 52.6 66.4 76.4 65.1 53.6 57.9 61.1 75.6 55.3 57.4 68.9 59.6 43.7 68.0 46.8 48.9 42.9 53.4 90.0 90.3 61.8 137.5 138.9 136.9 115.3 122.3 121.4 120.7 105.7 136.9 94.7 94.3 77.0 122.2 118.1 93.8 79.3 88.0 85.9 94.3 84.6 67.3 67.3
Operating Income
Operating Income 3.2 22.2 (27.4) (22.6) 32.3 13.3 (8.3) 52.3 79.7 28.8 (14.8) (12.2) 81.8 51.5 (35.9) 23.7 61.4 35.9 (34.9) (20.8) 8.1 (38.4) (27.3) (44.9) 10.6 (0.2) (59.3) (79.9) 38.5 78.3 (50.8) (44.2) 8.3 73.4 (14.5) (90.7) 12.1 58.3 (32.8) (46.2) (56.9) 4.3 (9.6) 39.9 (35.1) (55.0) (46.9) (6.1) (6.1)
Interest Expense 4.8 6.2 5.6 5.0 5.0 5.6 6.1 6.3 6.9 7.4 6.9 6.5 7.0 6.1 3.3 2.6 2.5 3.6 3.1 3.1 2.9 2.5 2.0 2.2 0.9 0.8 0.6 6.8 4.4 5.2 4.0 3.9 4.0 3.8 3.7 2.5 0.8 0.5 0.4 0.5 0.5 0.6 0.6 0.6 0.7 0.4 0.4 0 0
Interest Income 0.7 0.5 0.6 1.4 1.1 0.7 0.9 1.2 0.5 0.6 0.5 0.8 0.7 0.6 0.4 0.2 0.1 0.0 0.1 0.0 0.0 0 0 0.0 0.2 0.2 0.3 8.1 8.0 6.9 7.2 6.6 5.2 5.4 4.4 3.7 3.0 2.7 2.4 2.4 2.0 0.8 0.8 0.7 0.7 0.6 0.4 0.1 0.1
Profitability
EBITDA 4.0 22.0 (11.0) (21.3) 28.5 8.2 (7.8) 49.8 79.6 33.2 (26.2) (4.9) 102.6 53.3 (34.7) 24.5 62.6 37.1 (33.5) (20.1) 9.7 (36.9) (25.9) (42.8) 16.2 4.8 (30.1) (53.3) 78.8 112.0 0.4 (17.0) 42.9 105.5 16.3 (61.4) 9.1 86.6 (5.7) (36.9) (35.6) 28.0 14.6 64.9 (2.3) (29.2) (19.8) 13.6 13.6
EBIT 3.2 21.2 (11.8) (22.1) 27.6 7.4 (8.5) 49.0 78.8 32.4 (27.0) (5.7) 101.8 52.5 (35.7) 23.3 61.4 35.9 (35.0) (20.8) 8.1 (38.5) (27.5) (45.0) 10.6 (0.1) (59.1) (83.7) 49.8 81.8 (29.3) (48.0) 12.4 75.0 (14.3) (90.2) (17.4) 60.7 (31.8) (57.8) (60.1) (0.4) (11.0) 10.5 (36.9) (55.6) (45.8) (6.1) (6.1)
Income Before Tax (13.3) 15.0 (17.4) (27.1) 22.6 1.8 (14.6) 42.7 71.9 25.0 (34.0) (12.2) 94.8 46.4 (39.0) 20.8 58.9 32.3 (38.1) (24.0) 5.1 (41.0) (29.5) (47.3) 9.8 (0.9) (59.7) (90.5) 45.4 76.6 (33.4) (51.9) 8.5 71.2 (10.1) (92.6) (17.4) 60.7 (31.8) (58.3) (60.6) (1) (11.6) 9.9 (37.5) (56.0) (46.1) (6.5) (6.5)
Income Tax Expense 6.7 6.7 (8.6) (25.3) 36.9 0.7 (7.0) 17.2 34.0 10.8 (15.1) (2.7) 43.0 24.6 (20.5) (5.9) 35.0 17.1 (21.2) (73.1) 0.1 0.2 (0.5) 31.7 5.6 2.8 (19.5) (11.3) 11.3 0.7 0.7 (1.5) 0.7 (116.8) 0.8 (5.2) 0.4 3.2 (2.9) 0.1 0.1 0.1 (0.1) 0.2 0.2 0.4 0.4 0.4 0.4
Net Income (20.0) 8.2 (8.8) (1.8) (14.2) 1.1 (7.5) 25.5 37.9 14.2 (18.8) (9.3) 52.4 22.5 (17.8) 27.2 24.5 15.8 (16.4) 49.6 5.5 (40.6) (28.4) (78.5) (118.0) 94.1 (80.0) (73.2) 35.3 81.6 (32.2) (46.1) 9.1 189.6 (11.1) (84.3) (17.5) 57.7 (28.6) (58.4) (60.8) (1.1) (11.5) 9.6 (37.7) (56.5) (46.6) (7.0) (7.0)
Per Share Data
EPS (Basic) -0.83 0.34 -0.37 -0.07 -0.59 0.05 -0.31 1.06 1.58 0.59 -0.79 -0.39 2.19 0.85 -0.76 1.12 1.01 0.65 -0.68 2.05 0.23 -1.68 -1.18 -3.28 -4.92 3.94 -3.36 -3.08 1.48 3.43 -1.36 -1.94 0.39 8.03 -0.47 -3.58 -0.74 2.41 -1.19 -2.39 -2.47 -0.04 -0.46 0.37 -1.51 -2.20 -1.81 -0.27 -0.27
EPS (Diluted) -0.83 0.34 -0.37 -0.07 -0.59 0.05 -0.31 1.06 1.57 0.59 -0.79 -0.39 2.18 0.84 -0.76 1.11 1.00 0.65 -0.68 2.03 0.22 -1.68 -1.18 -3.27 -4.92 3.93 -3.36 -3.08 1.48 3.42 -1.36 -1.94 0.38 7.96 -0.47 -3.58 -0.74 2.39 -1.19 -2.39 -2.47 -0.04 -0.45 0.37 -1.47 -2.20 -1.81 -0.27 -0.27
Shares Outstanding 24.1 24.2 24.1 24.1 24.1 24.1 24.0 24.0 24.0 24.0 24.0 24.0 24.0 24.1 24.3 24.3 24.3 24.3 24.1 24.2 24.2 24.1 24.1 23.9 24.0 23.9 23.8 23.8 23.8 23.8 23.7 23.7 23.7 23.6 23.6 23.5 23.7 24.0 24.1 24.5 24.6 24.9 24.9 24.9 24.9 25.7 25.7 25.7 25.7
Metric 2026 Q3 2026 Q2 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
Current Assets
Cash & Cash Equivalents 107.0 81.3 57.3 153.2 96.5 107.8 52.3 89.1 44.8 41.2 52.4 40.5 65.8 45.2 81.0 91.0 50.2 55.6 40.3 72.0 78.0 80.3 26.2 90.7 1,045.1 1,043.1 983.5 1,117.9 1,182.1 1,251.6 1,101.2 1,256.6 1,204.4 1,149.0 1,198.2 1,272.1 1,173.5 1,430.0 1,308.8 1,444.3 1,451.7
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 0 331.0 113.0 104.6 108.4 110.9 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 129.4 110.6 74.2 43.5 139.2 99.4 71.3 66.0 164.8 109.1 66.9 75.6 157.4 112.0 66.9 89.4 186.9 123.5 70.2 90.2 92.5 41.1 28.8 11.7 151.9 144.0 243.4 105.7 229.7 170.2 125.4 105.7 145.5 136.6 99.2 104.8 136.9 94.8 94.4 80.1 123.8
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 54.1 61.4
Other Current Assets 14.7 24.9 11.5 9.8 48.3 28.5 27.9 30.8 8.2 8.5 8.9 7.3 14.1 6.1 7.2 4.9 4.2 4.3 5.1 4.5 4.5 4.8 4.8 4.6 146.8 38.9 (77.7) 35.2 36.0 39.2 49.5 23.9 26.6 24.8 26.0 48.7 62.3 23.3 29.1 52.4 48.0
Total Current Assets 294.4 299.6 245.5 249.9 318.1 296.0 234.6 216.9 249.5 214.5 199.7 148.1 260.8 206.8 220.0 204.1 262.9 217.4 164.2 183.5 200.6 173.7 95.4 127.6 1,741.3 1,404.4 1,336.0 1,412.3 1,613.8 1,514.3 1,334.7 1,414.9 1,413.8 1,354.5 1,378.7 1,448.9 1,413.2 1,588.6 1,481.1 1,603.9 1,656.8
Non-Current Assets
Property, Plant & Equipment 771.5 28.6 787.1 789.4 792.9 713.6 720.7 723.1 726.5 736.3 743.6 745.8 701.8 710.2 718.0 719.7 723.1 731.5 737.3 739.2 743.3 748.9 758.6 757.6 1,817.4 1,818.0 1,707.4 1,380.4 1,317.7 1,288.4 1,269.7 1,253.7 1,245.4 1,235.1 1,153.2 1,159.3 1,166.5 1,131.2 1,142.5 1,160.6 1,173.1
Goodwill 226.5 226.5 226.5 226.5 226.5 226.5 226.5 226.5 226.5 226.5 226.5 226.5 227.0 227.0 227.0 227.0 227.0 227.0 227.0 227.0 227.0 227.0 227.0 227.0 309.0 392.5 392.5 392.5 392.5 392.5 392.5 392.5 392.4 392.6 388.6 380.1 387.3 289.7 289.7 277.2 277.2
Intangible Assets 103.6 103.6 103.6 103.6 103.6 103.6 103.6 103.6 103.6 103.6 103.6 103.6 112.6 112.6 112.7 112.8 113.0 113.3 113.6 113.8 114.1 114.4 114.6 114.9 334.9 344.1 349.1 397.2 402.9 408.3 414.0 419.8 425.3 431.7 426.5 423.8 429.0 191.1 192.8 182.6 184.0
Long-Term Investments 60.0 72.4 73.5 54.7 53.4 58.7 64.5 62.5 61.4 62.1 41.9 53.0 0 0 0 2.7 0 0 0 0 0 0 0 0 62.0 63.2 64.3 84.6 91.4 94.3 265.5 210.0 252.7 247.6 249.5 242.3 239.9 264.5 265.5 263.5 273.1
Other Non-Current Assets 22.6 751.0 37.8 13.9 9.9 14.0 23.4 14.7 20.8 25.4 50.8 38.0 61.1 44.2 56.6 35.7 37.8 40.2 48.8 30.5 19.5 28.2 23.7 6.7 45.0 59.4 112.4 96.5 100.2 100.7 51.9 45.4 51.5 52.7 64.1 58.4 99.8 87.6 88.2 54.5 44.4
Total Non-Current Assets 1,214.9 1,218.8 1,271.9 1,330.8 1,186.4 1,116.5 1,138.7 1,226.1 1,139.0 1,154.0 1,166.4 1,255.8 1,102.5 1,094.1 1,125.9 1,196.3 1,100.8 1,132.0 1,163.7 1,237.3 1,103.8 1,118.4 1,123.9 1,161.8 2,568.3 2,677.1 2,625.7 2,449.1 2,304.7 2,284.2 2,393.6 2,414.9 2,367.4 2,359.8 2,281.8 2,301.6 2,322.5 1,964.2 1,978.6 1,940.1 1,953.4
Total Assets 1,509.3 1,544.7 1,517.4 1,580.8 1,504.5 1,412.4 1,373.3 1,441.8 1,388.5 1,368.4 1,366.1 1,403.9 1,363.3 1,300.9 1,345.9 1,400.4 1,363.8 1,349.4 1,327.9 1,420.8 1,304.4 1,292.1 1,219.4 1,289.4 4,309.6 4,081.6 3,961.6 3,861.4 3,918.5 3,798.5 3,728.3 3,829.8 3,781.2 3,714.3 3,660.5 3,750.5 3,735.7 3,552.8 3,459.7 3,543.9 3,610.2
Current Liabilities
Account Payables 12.8 8.0 9.6 14.1 6.9 6.4 5.3 9.9 11.0 10.6 11.8 14.9 16.1 16.0 34.6 30.9 35.1 27.7 34.6 19.3 22.3 26.6 40.4 20.3 51.5 70.3 30.5 44.1 57.0 55.9 34.5 42.6 53.9 59.6 28.2 41.7 58.9 45.5 21.8 13.9 12.3
Short-Term Debt 73.5 79.9 24 24 24 30 30 30 80.4 80.7 80.5 79.7 73.6 73.8 73.8 73.7 73.4 73.1 72.4 72.0 64.3 26.8 38.8 39.1 59.7 56.0 56.2 6.0 12.1 2.4 2.2 4.4 1.8 0.4 0.7 0 0 0 0 0 0
Deferred Revenue 102.0 0 330.6 164.2 165.9 267.8 306.8 148.7 116.9 257.6 300.4 157.1 132.2 188.3 267.1 132.4 102.1 176.8 219.7 131.0 129.4 200.3 138.0 126.3 266.4 308.2 416.5 293.4 282.1 299.6 413.2 324.7 430.8 390.1 468.8 390.2 339.0 371.8 433.5 332.4 327.7
Other Current Liabilities 276.3 553.8 56.6 98.9 139.0 87.4 68.8 133.9 166.5 120.6 90.8 124.5 127.7 108.8 77.1 82.1 113.9 85.9 48.0 55.7 61.6 58.3 45.5 33.1 361.5 320.2 279.7 278.6 277.6 254.8 257.3 269.8 170.1 184.1 159.3 191.3 181.1 146.8 106.9 119.4 95.4
Total Current Liabilities 637.8 641.6 637.3 563.5 617.2 603.0 574.7 522.0 526.6 560.4 553.7 520.5 510.6 483.0 522.1 438.3 454.5 451.8 429.8 368.3 348.6 348.1 312.4 290.3 886.7 870.0 860.2 759.8 780.8 728.0 776.1 765.5 764.5 703.9 716.8 762.0 692.8 649.5 633.3 614.8 595.3
Non-Current Liabilities
Long-Term Debt 242 1,108.0 267 267 267 275 275 275 330 330 370 295 350 405 220 220 285 330 355 355 380 380 350 350 380.0 31.2 47.4 48.6 91.0 100.4 100.9 101.3 104.3 105.5 105.0 105.4 105.3 0 0 0 0
Deferred Tax Liabilities 0 0 0 107.8 6.3 6.8 9.8 112.5 14.9 19.5 8.9 112.9 36.5 12.9 0 107.4 15.0 0 0 110.9 57.4 57.4 57.2 113.3 69.3 79.8 79.4 177.0 91.1 80.0 79.7 172.6 80.6 80.3 197.2 234.2 195.2 194.9 194.8 194.6 194.5
Other Non-Current Liabilities 72.1 (764.4) 77.3 82.2 48.2 52.3 51.7 47.6 52.9 55.3 56.2 53.6 51.7 52.8 55.2 49.4 52.2 53.4 62.8 65.8 49.5 52.2 57.5 60.2 181.8 165.7 163.5 169.7 174.8 169.9 146.0 159.6 147.0 145.1 146.5 148.4 156.5 130.3 129.6 148.1 147.1
Total Non-Current Liabilities 1,167.0 1,185.2 1,174.3 1,298.7 1,170.8 1,082.6 1,076.2 1,186.2 1,155.9 1,147.2 1,170.9 1,220.6 1,185.7 1,204.3 995.6 1,107.5 1,087.2 1,107.2 1,130.3 1,254.4 1,211.2 1,209.1 1,146.8 1,202.6 823.6 466.6 489.0 395.3 356.9 350.4 326.5 433.6 331.9 330.9 448.7 488.0 457.0 325.2 324.4 342.7 341.5
Total Liabilities 1,804.8 1,826.8 1,811.6 1,862.2 1,787.9 1,685.6 1,650.8 1,708.2 1,682.4 1,707.6 1,724.6 1,741.2 1,696.3 1,687.3 1,517.8 1,545.8 1,541.6 1,559.0 1,560.1 1,622.7 1,559.7 1,557.2 1,459.3 1,492.8 1,710.3 1,336.7 1,349.2 1,155.0 1,137.7 1,078.3 1,102.6 1,199.1 1,096.4 1,034.8 1,165.5 1,250.0 1,149.8 974.8 957.7 957.5 936.8
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 0.2
Retained Earnings (158.2) (138.2) (146.4) (137.6) (135.8) (121.6) (122.7) (115.1) (140.6) (178.5) (192.7) (173.9) (164.7) (217.0) (62.4) (35.7) (62.9) (87.4) (103.2) (78.9) (128.5) (134.0) (93.4) (43.6) (74.9) 43.2 (51.0) 29.0 102.2 67.0 (14.6) (11.1) 36.8 27.7 (161.9) (148.4) (64.1) (46.6) (104.3) (75.7) (17.3)
Accumulated Other Comprehensive Income (0.9) (0.9) (0.9) (0.9) (0.9) (0.9) (0.9) (1.0) (1.0) (1.0) (1.0) (1.0) (1.2) (1.2) (1.2) (1.2) (2.0) (2.0) (2.0) (2.0) (2.1) (2.1) (2.1) (2.1) (52.6) (33.1) (56.6) (46.9) (37.2) (43.9) (42.0) (46.9) (34.7) (39.4) (34.6) (34.1) (25.8) (31.8) (38.7) (42.6) (34.2)
Total Stockholders' Equity (295.4) (282.1) (294.2) (281.4) (283.4) (273.1) (277.5) (266.3) (294.0) (339.2) (358.5) (337.2) (333.8) (387.8) (173.4) (147.1) (179.8) (212.1) (234.4) (204.3) (257.7) (268.0) (242.8) (207.0) 2,555.1 2,658.3 2,525.5 2,620.5 2,687.9 2,628.4 2,530.2 2,536.5 2,586.7 2,584.1 2,394.9 2,408.2 2,490.4 2,567.2 2,490.9 2,586.4 2,673.3
Total Liabilities & Equity 1,509.3 1,544.7 1,517.4 1,580.8 1,504.5 1,412.4 1,373.3 1,441.8 1,388.5 1,368.4 1,366.1 1,403.9 1,363.3 1,300.9 1,345.9 1,400.4 1,363.8 1,349.4 1,327.9 1,420.8 1,304.4 1,292.1 1,219.4 1,289.4 4,309.6 4,081.6 3,961.6 3,861.4 3,918.5 3,798.5 3,728.3 3,829.8 3,781.2 3,714.3 3,660.5 3,750.5 3,735.7 3,552.8 3,459.7 3,543.9 3,610.2
Debt Metrics
Total Debt 1,167.8 2,028.9 1,174.6 1,184.7 1,190.5 1,102.4 1,093.4 1,105.2 1,167.2 1,151.7 1,184.8 1,121.2 1,139.1 1,181.4 983.1 993.3 1,062.1 1,095.6 1,108.4 1,118.1 1,136.6 1,094.3 1,070.9 1,068.2 632.2 277.1 302.3 54.6 103.1 102.8 103.1 105.7 106.2 105.9 105.7 105.4 105.3 0 0 15.3 28.0
Net Debt 1,060.8 1,947.6 1,117.3 1,031.5 1,094.0 994.6 1,041.1 1,016.1 1,122.5 1,110.5 1,132.4 1,080.7 1,073.3 1,136.3 902.1 902.3 1,012.0 1,040.1 1,068.2 1,046.1 1,058.5 1,014.1 1,044.7 977.5 (413.0) (766.0) (681.2) (1,063.3) (1,079.0) (1,148.7) (998.1) (1,150.9) (1,098.2) (1,043.1) (1,092.5) (1,166.7) (1,068.3) (1,430.0) (1,308.8) (1,429.0) (1,423.7)
Metric 2026 Q3 2026 Q2 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
Operating Activities
Net Income (20.0) 8.2 (8.8) (1.8) (14.2) 1.1 (7.5) 25.5 37.9 14.2 (18.8) (9.3) 52.4 22.5 (17.8) 27.2 24.5 15.8 (16.4) 49.6 5.5 (40.6) (28.4) (78.3) 5.0 94.1 (80.7) (73.2) 35.3 81.6 (32.2) (46.1) 9.1 189.6 (11.1) (84.3) (17.5) 57.7 (28.6) (58.4) (60.8)
Depreciation & Amortization 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.9 0.8 0.8 1.0 1.2 1.2 1.2 1.4 0.7 1.6 1.6 1.7 6.5 5.6 4.9 29.0 30.4 28.9 30.2 29.7 31.0 30.4 30.5 30.5 28.8 26.5 26.0 26.1 25.5 25.8
Stock-Based Compensation 0 0 4.8 3.8 (10.3) 6.0 4.3 3.2 7.3 6.6 4.1 3.1 3.2 11.6 7.2 5.1 7.0 7.4 4.9 4.2 3.9 16.0 6.3 9.6 13.9 16.7 16.9 13.5 15.6 20.2 10.2 10.7 10.1 13.9 12.9 10.7 10.4 11.7 8.4 6.8 7.4
Change in Working Capital 53.2 7.7 (59.5) 86.1 10.5 49.8 (18.8) 72.1 (39.9) 3.8 (37.8) 60.8 22.5 (28.8) 31.8 87.1 (27.2) 1.6 12.0 38.0 (43.8) 59.0 (35.9) (47.7) (17.6) 13.5 1.0 98.0 (22.9) (57.2) (37.9) 54.5 61.2 (35.3) (62.3) 117.2 (49.1) 31.7 (25.1) 53.7 (47.6)
Other Non-Cash Items 19.3 9.1 (13.9) 2.0 20.0 7.0 2.3 4.8 (2.1) (2.2) (2.5) (5.3) (19.3) (0.4) (0.4) (0.3) (0.3) 0.2 (0.0) (0.2) 0.1 (0.3) (0.6) 0.6 3.7 15.8 (0.8) 7.2 0.9 (2.0) (15.2) 4.1 1.2 2.8 (3.1) 36.7 27.1 1.2 0.5 14.0 47.0
Operating Cash Flow 59.1 32.4 (85.0) 49.7 6.3 61.8 (26.2) 108.4 4.0 33.9 (54.1) 37.7 83.2 30.3 1.3 113.8 40.2 43.3 (19.3) 19.0 (32.7) 35.9 (57.5) (107.6) (0.0) 145.4 (34.2) 63.9 68.8 73.2 (44.7) 49.5 107.9 95.6 (32.4) 109.1 (2.4) 131.6 (21.6) 41.8 (28.3)
Investing Activities
Capital Expenditure (0.1) (0.9) (0.4) (0.4) 0.9 (0.5) (0.4) (0.4) (0.1) (0.6) (0.4) (0.1) (0.4) (0.4) (0.3) (0.0) (0.5) (0.2) (0.2) (0.0) (0.3) (0.1) (0.1) (20.2) (120.9) (128.3) (93.0) (71.6) (36.2) (39.0) (42.0) (32.8) (31.4) (108.1) (19.5) (12.5) (10.0) (13.4) (8.3) (7.7) (4.3)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 (3.0) 0 0 0 0 0 0 0 0 0 0 0 1 2 (0.1) 2 (0.1) 0.3 117.7 (44.7) (0.1) 3 (6.1) (4.5) (3.5) (178.6) 0 (13.5) (4.4) (13.5)
Purchases of Investments (0.7) (0.0) (1.5) (1.3) (0.7) (0.6) (0.8) (2.8) (0.4) (2.9) (1.3) (13.6) 0 0 0 0 0 0 0 0 0 0 0 0 (299.9) (0.1) (106.1) (0.9) (112.5) 0 (44.7) (0.1) (8.1) 0 (2.3) 0 0 (0.1) (23.1) 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 70.1 0 124.6 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0.1 0 0 0 0 0 0 0 9.3 (8.7) (0.7) 0 (1.8) 0 (0.1) (0.1) 0 0 0 0 0 (2) 58.8 (0.8) (1.3) 5.0 0 37.0 34.1 (3) 1.9 0.8 8.0 0 0 0 (9.1) 0.5
Investing Cash Flow (0.9) (0.9) (1.8) (1.6) (3.0) (1.1) (1.2) (3.2) (0.5) (3.5) (1.7) (7.4) (9.1) (1.0) (0.3) (1.8) (0.5) (0.3) (0.3) (0.0) (0.3) (0.1) (0.1) (20.2) (350.7) (69.7) (74.2) (73.1) (143.3) 78.6 (94.5) 1.1 (39.6) (117.4) (26.5) (11.5) (190.1) (14.1) (48.5) (21.2) (17.4)
Financing Activities
Net Debt Issuance (32.5) 0 0 0 (14) 0 0 (55) 0 (40) 75 (55) (55) 185 0 (65) (45) (25) 0 5 (0.0) 25.5 0 0 348.8 (16.2) (2.5) (51.9) 0 (0.7) (3.2) (0.7) 0 0 0 0 0 1.6 (1.6) 0 0
Stock Repurchased 0 0 (8.8) 0 0 (2.7) (9.1) 8.1 0 (1.5) (6.6) (2.5) (0.1) (79.4) (11.0) (6.2) 0 0 (12.1) 0 0 (7.2) (6.7) (0.3) (0.2) (2.8) (23.4) 0 0 (2.8) (16.7) (0.8) (21.4) (8.1) (3.8) (0.3) (75.7) (0.8) (72.3) (27.7) (62.3)
Dividends Paid 0 (0.1) (0.3) 0 (0.6) (0.2) (0.4) (0.0) (0.0) (0.1) (0.5) (0.1) (0.1) (170.7) 0 0 0 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 (7.4) 0 0 0.6 0 0 (8.1) 0 0 0 1.9 1.7 (4.4) 0 0 (0.1) (2.7) 0 (30.8) 30.8 0 (0.2) (827.1) 2 (0.7) 2 (1.3) (0.5) 2.1 3.3 0.6 3 (8.5) (11.5) (0.1) (1.3) (1.9) (6.2) (0.2) 0.7
Financing Cash Flow (32.5) (7.5) (9.1) 0 (14.0) (2.9) (9.5) (55.0) (0.0) (41.6) 67.8 (55.7) (53.5) (65.1) (11.0) (71.2) (45.1) (27.7) (12.1) (25) 30.8 18.3 (6.9) (827.4) 350.6 (19.8) (23.9) (53.2) (0.5) (1.4) (16.6) (0.9) (18.4) (16.6) (15.3) (0.4) (76.9) (1.2) (80.0) (27.9) (61.6)
Cash Position
Net Change in Cash 25.7 24.0 (95.9) 48.2 (10.8) 57.8 (36.8) 50.1 3.6 (11.2) 12.0 (25.4) 20.7 (35.9) (10.0) 40.9 (5.4) 15.3 (31.8) (6.0) (2.2) 54.1 (64.5) (954.5) 2.0 59.6 (134.4) (64.2) (69.5) 150.4 (155.4) 49.1 50.9 (38.3) (74.2) 97.2 (269.4) 116.3 (150.2) (7.4) (107.2)
Cash at Beginning 81.3 57.3 153.2 105.0 115.9 58.1 94.9 44.8 41.2 52.4 40.5 65.8 45.2 81.0 91.0 50.2 55.6 40.3 72.0 78.0 80.3 26.2 90.7 1,045.1 1,043.1 983.5 1,117.9 1,182.1 1,251.6 1,101.2 1,256.6 1,176.6 1,125.6 1,163.9 1,238.1 1,140.9 1,410.3 1,294.1 1,444.3 1,451.7 1,558.9
Cash at End 107.0 81.3 57.3 153.2 105.0 115.9 58.1 94.9 44.8 41.2 52.4 40.5 65.8 45.2 81.0 91.0 50.2 55.6 40.3 72.0 78.0 80.3 26.2 90.7 1,045.1 1,043.1 983.5 1,117.9 1,182.1 1,251.6 1,101.2 1,225.6 1,176.6 1,125.6 1,163.9 1,238.1 1,140.9 1,410.3 1,294.1 1,444.3 1,451.7
Free Cash Flow 59.0 31.6 (85.3) 49.4 7.2 61.2 (26.5) 108.0 3.9 33.3 (54.5) 37.5 82.9 29.9 1.0 113.8 39.7 43.1 (19.5) 19.0 (33.0) 35.8 (57.6) (127.8) (120.9) 17.1 (127.2) (7.7) 32.7 34.2 (86.7) 16.7 76.5 (12.5) (51.9) 96.6 (12.4) 118.2 (30.0) 34.1 (32.6)
Key Metrics 2026 Q3 2026 Q2 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 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Income Statement
Revenue 432.2 403.4 39.5 204.0 424.2 357.8 53.3 227.3 430.0 326.9 43.0 126.9 382.7 353.7 24.1 175.2 337.8 289.6 18.8 146.9 183.0 28.8 57.0 (7.0) 267.6 292.8 49.9 263.6 517.2 632.2 218.1 318.0 459.6 536.3 245.2 305.6 386.0 445.1 181.7 217.8 336.3 255.0 300.9 396.8 118.9 213.4 286.6 206.8 206.8
Gross Profit 76.9 91.2 30.4 48.3 107.0 81.2 44.3 118.7 156.1 93.9 38.7 45.7 142.9 127.2 19.4 81.1 130.3 95.5 8.8 47.2 54.9 10.5 15.6 8.5 100.7 90.1 2.4 57.6 177.5 215.2 64.5 78.2 129.8 194.1 91.2 46.2 106.8 152.5 44.2 76.0 61.2 98.1 69.8 127.9 50.9 39.4 37.7 60.8 60.8
Operating Income 3.2 22.2 (27.4) (22.6) 32.3 13.3 (8.3) 52.3 79.7 28.8 (14.8) (12.2) 81.8 51.5 (35.9) 23.7 61.4 35.9 (34.9) (20.8) 8.1 (38.4) (27.3) (44.9) 10.6 (0.2) (59.3) (79.9) 38.5 78.3 (50.8) (44.2) 8.3 73.4 (14.5) (90.7) 12.1 58.3 (32.8) (46.2) (56.9) 4.3 (9.6) 39.9 (35.1) (55.0) (46.9) (6.1) (6.1)
Net Income (20.0) 8.2 (8.8) (1.8) (14.2) 1.1 (7.5) 25.5 37.9 14.2 (18.8) (9.3) 52.4 22.5 (17.8) 27.2 24.5 15.8 (16.4) 49.6 5.5 (40.6) (28.4) (78.5) (118.0) 94.1 (80.0) (73.2) 35.3 81.6 (32.2) (46.1) 9.1 189.6 (11.1) (84.3) (17.5) 57.7 (28.6) (58.4) (60.8) (1.1) (11.5) 9.6 (37.7) (56.5) (46.6) (7.0) (7.0)
EPS (Diluted) -0.83 0.34 -0.37 -0.07 -0.59 0.05 -0.31 1.06 1.57 0.59 -0.79 -0.39 2.18 0.84 -0.76 1.11 1.00 0.65 -0.68 2.03 0.22 -1.68 -1.18 -3.27 -4.92 3.93 -3.36 -3.08 1.48 3.42 -1.36 -1.94 0.38 7.96 -0.47 -3.58 -0.74 2.39 -1.19 -2.39 -2.47 -0.04 -0.45 0.37 -1.47 -2.20 -1.81 -0.27 -0.27
Balance Sheet
Cash & Equivalents 107.0 81.3 57.3 153.2 96.5 107.8 52.3 89.1 44.8 41.2 52.4 40.5 65.8 45.2 81.0 91.0 50.2 55.6 40.3 72.0 78.0 80.3 26.2 90.7 1,045.1 1,043.1 983.5 1,117.9 1,182.1 1,251.6 1,101.2 1,256.6 1,204.4 1,149.0 1,198.2 1,272.1 1,173.5 1,430.0 1,308.8 1,444.3 1,451.7
Total Assets 1,509.3 1,544.7 1,517.4 1,580.8 1,504.5 1,412.4 1,373.3 1,441.8 1,388.5 1,368.4 1,366.1 1,403.9 1,363.3 1,300.9 1,345.9 1,400.4 1,363.8 1,349.4 1,327.9 1,420.8 1,304.4 1,292.1 1,219.4 1,289.4 4,309.6 4,081.6 3,961.6 3,861.4 3,918.5 3,798.5 3,728.3 3,829.8 3,781.2 3,714.3 3,660.5 3,750.5 3,735.7 3,552.8 3,459.7 3,543.9 3,610.2
Total Debt 1,167.8 2,028.9 1,174.6 1,184.7 1,190.5 1,102.4 1,093.4 1,105.2 1,167.2 1,151.7 1,184.8 1,121.2 1,139.1 1,181.4 983.1 993.3 1,062.1 1,095.6 1,108.4 1,118.1 1,136.6 1,094.3 1,070.9 1,068.2 632.2 277.1 302.3 54.6 103.1 102.8 103.1 105.7 106.2 105.9 105.7 105.4 105.3 0 0 15.3 28.0
Stockholders' Equity (295.4) (282.1) (294.2) (281.4) (283.4) (273.1) (277.5) (266.3) (294.0) (339.2) (358.5) (337.2) (333.8) (387.8) (173.4) (147.1) (179.8) (212.1) (234.4) (204.3) (257.7) (268.0) (242.8) (207.0) 2,555.1 2,658.3 2,525.5 2,620.5 2,687.9 2,628.4 2,530.2 2,536.5 2,586.7 2,584.1 2,394.9 2,408.2 2,490.4 2,567.2 2,490.9 2,586.4 2,673.3
Cash Flow
Operating Cash Flow 59.1 32.4 (85.0) 49.7 6.3 61.8 (26.2) 108.4 4.0 33.9 (54.1) 37.7 83.2 30.3 1.3 113.8 40.2 43.3 (19.3) 19.0 (32.7) 35.9 (57.5) (107.6) (0.0) 145.4 (34.2) 63.9 68.8 73.2 (44.7) 49.5 107.9 95.6 (32.4) 109.1 (2.4) 131.6 (21.6) 41.8 (28.3)
Capital Expenditure (0.1) (0.9) (0.4) (0.4) 0.9 (0.5) (0.4) (0.4) (0.1) (0.6) (0.4) (0.1) (0.4) (0.4) (0.3) (0.0) (0.5) (0.2) (0.2) (0.0) (0.3) (0.1) (0.1) (20.2) (120.9) (128.3) (93.0) (71.6) (36.2) (39.0) (42.0) (32.8) (31.4) (108.1) (19.5) (12.5) (10.0) (13.4) (8.3) (7.7) (4.3)
Free Cash Flow 59.0 31.6 (85.3) 49.4 7.2 61.2 (26.5) 108.0 3.9 33.3 (54.5) 37.5 82.9 29.9 1.0 113.8 39.7 43.1 (19.5) 19.0 (33.0) 35.8 (57.6) (127.8) (120.9) 17.1 (127.2) (7.7) 32.7 34.2 (86.7) 16.7 76.5 (12.5) (51.9) 96.6 (12.4) 118.2 (30.0) 34.1 (32.6)