M&T Bank Corporation logo MTB - M&T Bank Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 15
HOLD 29
SELL 4
STRONG
SELL
0
| PRICE TARGET: $239.63 DETAILS
HIGH: $255.00
LOW: $225.00
MEDIAN: $235.50
CONSENSUS: $239.63
UPSIDE: 0.31%
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 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 12,309 13,405 12,507 8,438 6,076 6,281.2 6,941.3 6,454.7 6,018.9 5,721.9 4,995.9 4,736.1 4,838.7 4,630.5 4,399.2 3,863.7 3,799.2 4,254.0 4,468.9 4,359.9 3,738.4 3,241.7 2,957.7 2,354.0 2,579.3 2,097.5 1,761.0 1,622.4 1,258 1,167.6 1,077.7 871 851.2 889.9 851 713 627.5 0 0 0
Cost of Revenue 3,124 4,784 3,754 942 39 1,126.4 925.3 658.4 554.8 616.0 498.3 404.4 469.1 547.2 672.3 830.3 1,273.4 1,749.8 1,886.6 1,576.6 1,082.4 659.2 658.8 716.5 1,047.1 956.6 763.7 730.8 554.1 509.7 482.2 339.7 349.9 408.6 503.6 454.4 399.7 0 0 0
Gross Profit 9,185 8,621 8,753 7,496 6,037 5,154.8 6,015.9 5,796.3 5,464.2 5,105.9 4,497.6 4,331.7 4,369.6 4,083.3 3,726.9 3,033.4 2,525.8 2,504.2 2,582.3 2,783.4 2,656.1 2,582.5 2,298.8 1,637.5 1,532.2 1,140.9 997.3 891.6 703.9 657.9 595.5 531.3 501.3 481.3 347.4 258.6 227.8 0 0 0
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
SG&A Expenses 3,242 3,378 3,223 2,967 2,180 2,066.4 2,035.8 1,906.5 1,819.9 1,810.3 1,660.9 1,507.6 1,424.8 1,415.7 1,304.2 1,079.0 1,098.4 963.8 912.5 873.4 822.2 806.6 740.3 456.4 434.9 329.2 284.8 259.5 220 208.3 188.2 161.2 154.3 136.5 106.4 88 79.7 0 0 0
Other Expenses 2,251 1,933 1,911 1,917 1,402 1,318.8 1,432.9 1,381.6 1,320.5 1,237.2 1,162.1 1,181.9 1,179.2 1,115.1 1,198.1 861.6 908.1 800.7 706.2 678.4 662.9 709.5 707.9 464.6 513.4 365.2 294.2 306.5 201.8 200.6 186.2 175.6 173.5 182.1 126.2 85.9 71.8 44.5 40.3 26.2
Operating Expenses 5,493 5,311 5,134 4,884 3,582 3,385.2 3,468.7 3,288.1 3,140.3 3,047.5 2,822.9 2,689.5 2,604.0 2,530.8 2,502.3 1,940.6 2,006.5 1,764.4 1,618.8 1,551.8 1,485.1 1,516.0 1,448.2 921.0 948.3 694.5 579.0 566 421.8 408.9 374.4 336.8 327.8 318.6 232.6 173.9 151.5 44.5 40.3 26.2
Operating Income
Operating Income 3,692 3,310 3,619 2,612 2,455 1,769.5 2,547.3 2,508.2 2,323.9 2,058.4 1,674.7 1,642.2 1,765.6 1,552.5 1,224.6 1,092.8 519.3 739.8 963.5 1,231.6 1,170.9 1,066.5 850.7 716.5 583.9 446.4 418.3 325.6 282.1 249 221.1 194.5 173.5 162.7 114.8 84.7 76.3 44.5 40.3 26.2
Interest Expense 3,538 4,174 3,109 425 114 326.4 749.3 526.4 386.8 426.0 328.3 280.4 284.1 343.2 402.3 462.3 669.4 1,337.8 1,694.6 1,496.6 994.4 564.2 527.8 594.5 943.6 918.6 719.2 687.6 508.1 466.4 441.8 279.2 269.9 323.6 440.2 427 384.4 0 0 0
Interest Income 10,486 11,026 10,224 6,247 3,939 4,192.7 4,879.6 4,598.7 4,167.8 3,895.9 3,170.8 2,956.9 2,957.3 2,941.7 2,792.1 2,729.8 2,725.2 3,277.6 3,544.8 3,314.1 2,788.7 2,298.7 2,126.6 1,842.1 2,101.9 1,772.8 1,478.6 1,359.5 1,067.5 997.4 928.2 747.3 740.7 755.6 769 657.4 576.6 0 0 0
Profitability
EBITDA 3,956 3,818 4,116 3,047 2,779 2,089.8 2,848.6 2,687.2 2,521.0 2,259.0 1,850.0 1,841.0 1,969.3 1,757.1 1,422.4 1,275.2 710.2 925.6 1,141.7 1,407.6 1,344.7 1,262.6 1,042.3 846.3 777.8 570.5 515.3 405.2 324.5 285.3 253.2 212.1 189.7 198.8 124.4 92.8 83.2 44.5 40.3 26.2
EBIT 3,692 3,310 3,619 2,612 2,455 1,769.5 2,547.3 2,508.2 2,323.9 2,058.4 1,674.7 1,642.2 1,765.6 1,552.5 1,224.6 1,092.8 519.3 739.8 963.5 1,231.6 1,170.9 1,066.5 850.7 716.5 583.9 446.4 418.3 325.6 282.1 249 221.1 194.5 173.5 162.7 114.8 84.7 76.3 0 0 0
Income Before Tax 3,692 3,310 3,619 2,612 2,455 1,769.5 2,547.3 2,508.2 2,323.9 2,058.4 1,674.7 1,642.2 1,765.6 1,552.5 1,224.6 1,092.8 519.3 739.8 963.5 1,231.6 1,170.9 1,066.5 850.7 716.5 583.9 446.4 418.3 325.6 282.1 249 221.1 194.5 173.5 162.7 114.8 84.7 76.3 0 0 0
Income Tax Expense 841 722 878 620 596 416.4 618.1 590.2 915.6 743.3 595.0 576.0 627.1 523.0 365.1 356.6 139.4 183.9 309.3 392.5 388.7 344.0 276.7 231.4 205.8 160.2 152.7 117.6 105.9 97.9 90.1 77.2 71.5 64.8 47.6 30.8 25.6 (44.5) (40.3) (26.2)
Net Income 2,851 2,588 2,741 1,992 1,859 1,353.2 1,929.1 1,918.1 1,408.3 1,315.1 1,079.7 1,066.2 1,138.5 1,029.5 859.5 736.2 379.9 555.9 654.3 839.2 782.2 722.5 573.9 485.1 378.1 286.2 265.6 208 176.2 151.1 131 117.3 102 97.9 67.2 53.9 41.2 44.5 40.3 26.2
Per Share Data
EPS (Basic) 17.10 14.71 15.85 11.59 13.81 9.94 13.76 12.75 8.72 7.80 7.22 7.47 8.26 7.57 6.37 5.72 2.90 5.04 6.05 7.55 6.88 6.14 5.08 4.94 3.95 3.55 3.41 2.73 2.66 2.25 1.96 1.64 1.43 1.34 0.93 0.79 0.70 0.60 0.48 0.48
EPS (Diluted) 17.00 14.64 15.79 11.53 13.80 9.94 13.75 12.74 8.70 7.78 7.18 7.42 8.20 7.54 6.35 5.69 2.89 5.01 5.95 7.37 6.73 6.00 4.95 4.78 3.82 3.44 3.28 2.62 2.53 2.11 1.80 1.57 1.34 1.30 0.92 0.79 0.70 0.60 0.48 0.48
Shares Outstanding 163.3 166.5 166.4 163.2 128.7 128.7 134.4 138.5 152.2 156.9 136.8 131.0 137.8 136.0 134.9 118.2 114.7 110.3 108.1 111.2 113.7 117.7 113.0 98.2 95.7 80.6 77.9 76.2 66.2 66.8 65 69.5 68.8 70.4 69.1 68.2 58.9 74.2 84.0 54.6
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 1992 1991 1990 1989
Current Assets
Cash & Cash Equivalents 18,769 20,782 29,800 26,476 43,209.9 25,216.6 8,623.0 9,710.6 6,499.8 6,321.2 8,962.4 7,760.8 3,224.5 2,113.6 1,604.5 1,010.0 1,359.6 1,557.1 1,737.9 1,612.1 1,487.6 1,344.9 1,890.7 971.6 970.0 753.4 593.9 723.6 387.6 497.3 489.6 381 580.2 687 336.5 704.7 541
Short-Term Investments 36,649 14,447 10,440 10,749 3,955.8 4,822.6 6,318.8 8,682.5 10,896.3 13,332.1 12,242.7 9,156.9 4,531.8 4,739.4 6,228.6 5,413.5 6,704.4 6,850.2 8,379.2 6,829.8 7,931.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 0 0 2,814 2,582 1,096.6 1,246.9 1,412.2 1,406.9 1,425.6 1,419.5 1,353.3 1,337.2 1,398.9 1,472.9 1,532.6 1,646.5 1,877.3 1,715.0 1,624.9 1,423.6 1,286.9 1,721.7 1,736.9 1,155.8 1,083.6 1,006.1 717.6 707.6 489 257.4 265.3 249.9 145.6 165.9 170.5 0 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
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 55,418 35,330 43,160 39,928 48,312.1 31,286.1 16,353.9 19,800.0 18,821.6 21,072.8 22,558.4 18,255.0 9,155.2 8,325.9 9,365.7 8,070.0 9,941.2 10,122.3 11,742.0 9,865.6 10,706.3 3,066.6 3,627.6 2,127.4 2,053.6 1,759.4 1,311.5 1,431.2 876.6 754.7 754.9 630.9 725.8 852.9 507 704.7 541
Non-Current Assets
Property, Plant & Equipment 0 1,705 1,739 1,654 1,144.8 1,161.6 1,140.9 647.4 646.5 675.3 666.7 613.0 633.5 594.7 581.4 435.8 435.8 388.9 370.8 335.0 337.1 367.2 399.0 239.0 261.9 258.0 173.8 162.8 122 128.5 128.5 127.3 134.9 128.8 88.8 65.6 61.8
Goodwill 8,465 8,465 8,465 8,490 4,593.1 4,593.1 4,593.1 4,593.1 4,593.1 4,593.1 4,593.1 3,524.6 3,524.6 3,524.6 3,524.6 3,524.6 3,524.6 3,192.1 3,196.4 2,908.8 2,904.1 2,904.1 2,904.1 1,097.6 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 64 94 147 209 4.0 14.2 29.0 47.1 71.6 97.7 140.3 35.0 68.9 115.8 176.4 125.9 182.4 183.5 248.6 250.2 108.3 165.5 240.8 118.8 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 136,586 153,001 148,396 141,519 93,546.6 97,775.7 91,638.1 90,050.4 89,314.5 91,363.3 88,594.0 68,248.8 66,022.3 65,507.1 59,099.7 51,178.0 50,257.6 47,566.6 46,220.1 41,295.5 38,874.5 46,246.2 42,417.5 29,246.5 27,786.9 25,678.0 18,991.1 18,270.8 12,947.1 12,023.4 11,062.8 9,765 9,494.4 8,552.7 8,532.3 6,721.1 5,452.3
Other Non-Current Assets 12,977 9,510 6,357 8,930 7,506.6 7,770.5 5,644.1 4,773.8 5,013.3 5,323.2 5,961.7 6,009.1 5,757.9 4,940.7 5,176.5 4,686.9 4,538.7 4,362.4 3,097.8 2,409.7 2,013.3 0 237.1 372.0 80.0 54.7 1,284.7 173.1 (0.1) 0 0 0 0.1 53.5 0 224 178.7
Total Non-Current Assets 158,092 172,775 165,104 160,802 106,795.1 111,315.1 103,045.2 100,111.8 99,638.9 102,052.6 99,955.7 78,430.6 76,007.2 74,682.9 68,558.6 59,951.3 58,939.2 55,693.5 53,133.7 47,199.3 44,237.3 49,683.0 46,198.5 31,073.8 29,396.6 27,190.0 21,097.6 19,152.7 13,069 12,151.9 11,191.3 9,892.3 9,629.4 8,735 8,621.1 7,010.7 5,692.8
Total Assets 213,510 208,105 208,264 200,730 155,107.2 142,601.1 119,872.8 120,097.4 118,593.5 123,449.2 122,787.9 96,685.5 85,162.4 83,008.8 77,924.3 68,021.3 68,880.4 65,815.8 64,875.6 57,064.9 55,146.4 52,938.7 49,826.1 33,201.2 31,450.2 28,949.5 22,409.1 20,583.9 14,002.9 12,943.9 11,955.9 10,528.6 10,365 9,587.9 9,171.1 7,715.4 6,233.8
Current Liabilities
Account Payables 0 0 4,516 4,377 2,127.9 2,166.4 2,337.5 1,637.3 1,594.0 1,811.4 1,870.7 1,568.0 1,368.9 1,512.7 1,790.1 1,070.7 995.1 1,364.9 984.4 888.4 820.0 727.4 1,016.3 401.0 422.7 529.0 909.2 446.9 284.4 195.6 174.1 103.5 110.4 115.7 129.1 0 0
Short-Term Debt 2,149 1,060 5,316 3,555 47.0 59.5 164.0 4,807.5 772.0 1,411.6 4,031.5 1,592.7 1,660.5 2,474.5 2,182.1 2,572.4 4,067.6 4,634.7 7,446.9 4,119.2 5,527.9 4,703.7 4,442.2 3,429.4 3,045.8 2,072.8 2,554.2 2,230 1,097.3 1,150.2 1,273.2 1,364.9 2,101.6 692.7 1,022.4 971.8 834.6
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
Other Current Liabilities 171,273 161,095 163,274 163,515 131,543.4 119,805.7 94,770.1 90,156.6 92,432.1 95,493.9 91,957.8 73,582.1 67,118.6 65,611.3 59,394.6 49,805.3 47,449.8 42,581.3 41,266.2 39,910.5 37,100.2 35,429.5 33,114.9 21,664.9 21,580.4 20,232.7 15,373.6 14,737.1 11,163.1 10,514.5 9,469.6 8,243.1 7,353.3 8,077.1 7,474.3 6,201 4,870.6
Total Current Liabilities 173,422 162,155 173,106 171,447 133,718.4 122,031.6 97,271.6 96,601.5 94,798.1 98,716.9 97,860.0 76,742.7 70,148.0 69,598.5 65,157.0 54,519.1 53,507.5 49,945.8 50,681.8 44,918.1 43,448.0 40,860.5 38,573.4 25,495.3 25,049.0 22,834.5 18,837 17,414 12,544.8 11,860.3 10,916.9 9,711.5 9,565.3 8,885.5 8,625.8 7,172.8 5,705.2
Non-Current Liabilities
Long-Term Debt 10,911 12,605 8,201 3,965 3,485.4 4,382.2 6,884.5 8,035.8 7,719.7 8,409.1 8,754.6 7,607.0 3,708.9 3,207.8 5,286.2 6,215.1 8,615.0 10,450.1 8,692.9 5,865.7 5,822.0 6,348.6 5,535.4 4,497.4 3,461.8 3,414.5 1,775.1 1,567.5 427.8 178 192.8 96.2 75 75 8.6 2.2 12
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 4,318 0 0 0 0 0 0 (175.1) (163.4) 0 0 0 0 (1,790.1) (1,070.7) (995.1) (1,364.9) (984.4) 0 0 0 0 0 0 0 0 0 0 (0.1) (0.1) (0.1) 0.2 (0.1) 0 102.2 109.2
Total Non-Current Liabilities 10,911 16,923 8,201 3,965 3,485.4 4,382.2 6,884.5 8,035.8 7,544.6 8,245.7 8,754.6 7,607.0 3,708.9 3,207.8 3,496.1 5,144.4 7,620.0 9,085.3 7,708.6 5,865.7 5,822.0 6,348.6 5,535.4 4,497.4 3,461.8 3,414.5 1,775.1 1,567.5 427.8 177.9 192.7 96.1 75.8 75.6 9.5 105.4 122.3
Total Liabilities 184,333 179,078 181,307 175,412 137,203.8 126,413.8 104,156.1 104,637.2 102,342.7 106,962.6 106,614.6 84,349.6 73,856.9 72,806.2 68,653.1 59,663.6 61,127.5 59,031.0 58,390.4 50,783.8 49,270.0 47,209.1 44,108.9 29,992.7 28,510.7 26,249.0 20,612.1 18,981.5 12,972.6 12,038.2 11,109.6 9,807.6 9,641.1 8,961.1 8,635.3 7,278.2 5,827.5
Stockholders' Equity
Common Stock 90 91 91 91 81.1 81.2 81.4 81.6 81.8 82.1 82.1 68.8 68.2 67.6 66.9 64.4 64.5 64.8 65.0 65.3 65.6 60.2 60.1 54.8 54.7 50.7 44.4 0 0 0 0 0 0 0 0 0 0
Retained Earnings 20,882 19,079 17,524 15,754 14,646.4 13,444.4 12,820.9 11,516.7 10,164.8 9,222.5 8,430.5 7,807.1 7,188.0 6,477.3 5,867.2 5,426.7 5,076.9 5,062.8 4,815.6 4,443.4 3,854.3 3,270.9 2,736.2 2,297.8 2,017.7 1,735.6 1,501.5 1,271.1 1,092.1 937.1 805.5 694.3 595.3 510 426.4 371.4 325.8
Accumulated Other Comprehensive Income 277 (164) (459) (790) (127.6) (63.0) (206.7) (420.1) (363.8) (294.6) (251.6) (181.0) (64.2) (240.3) (356.4) (205.2) (336.0) (736.9) (114.8) (53.6) (97.9) (11.4) 32.0 54.8 22.8 (0.4) (26) 2.9 12 (2.5) (3.2) (50.6) 0 0 0 0 0
Total Stockholders' Equity 29,177 29,027 26,957 25,318 17,903.4 16,187.3 15,716.6 15,460.2 16,250.8 16,486.6 16,173.3 12,335.9 11,305.5 10,202.6 9,271.2 8,357.7 7,752.9 6,784.7 6,485.3 6,281.1 5,876.4 5,729.6 5,717.2 3,208.5 2,939.5 2,700.5 1,797 1,602.4 1,030.3 905.7 846.3 721 723.9 626.8 535.8 437.2 406.3
Total Liabilities & Equity 213,510 208,105 208,264 200,730 155,107.2 142,601.1 119,872.8 120,097.4 118,593.5 123,449.2 122,787.9 96,685.5 85,162.4 83,008.8 77,924.3 68,021.3 68,880.4 65,815.8 64,875.6 57,064.9 55,146.4 52,938.7 49,826.1 33,201.2 31,450.2 28,949.5 22,409.1 20,583.9 14,002.9 12,943.9 11,955.9 10,528.6 10,365 9,587.9 9,171.1 7,715.4 6,233.8
Debt Metrics
Total Debt 13,060 13,665 13,517 7,520 3,532.4 4,441.7 7,048.5 12,843.3 8,491.6 9,820.7 12,786.0 9,199.6 5,369.3 5,682.2 7,468.3 8,787.6 12,682.6 15,084.9 16,139.8 9,985.0 11,349.9 11,052.2 9,977.7 7,926.8 6,507.6 5,487.3 4,329.3 3,797.5 1,525.1 1,328.2 1,466 1,461.1 2,177.2 768.4 1,031.9 975 847.7
Net Debt (5,709) (7,117) (16,283) (18,956) (39,677.5) (20,774.9) (1,574.4) 3,132.7 1,991.8 3,499.5 3,823.7 1,438.8 2,144.8 3,568.7 5,863.8 7,777.6 11,323.0 13,527.8 14,401.9 8,372.8 9,862.2 9,707.4 8,087.0 6,955.2 5,537.6 4,734.0 3,735.4 3,073.9 1,137.5 830.9 976.4 1,080.1 1,597 81.4 695.4 270.3 306.7
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 1992 1991 1990 1989
Operating Activities
Net Income 2,851 2,588 2,741 1,992 1,859 1,353.2 1,929.1 1,918.1 1,408.3 1,315.1 1,079.7 1,066.2 1,138.5 1,029.5 859.5 736.2 379.9 555.9 654.3 839.2 782.2 722.5 573.9 485.1 378.1 286.2 265.6 208 176.2 151.1 131 117.3 102 97.9 67.2 53.9 50.7
Depreciation & Amortization 498 508 497 435 324.2 320.3 301.3 179.0 197.1 200.6 175.3 198.7 203.7 204.6 197.8 182.4 190.9 185.8 178.2 175.9 173.7 196.1 191.7 129.8 193.9 124.1 97 79.6 42.4 36.3 32.1 17.6 16.2 36.1 9.6 8.1 6.9
Stock-Based Compensation 136 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (406) (79) 364 1,805 521.7 (1,654.5) (145.7) (156.4) 645.8 (654.1) (20.5) (382.5) (624.7) (1,126.9) 427.6 247.4 (239.1) 326.6 220.7 (481.8) (680.6) (145.2) 45.4 (63.0) (32.6) (9.0) (0.3) (295) (1) (1.5) (12.1) 0 0 212.6 158 (16.7) 9.4
Other Non-Cash Items (76) 620 400 372 (77.1) 801.6 215.2 133.3 130.0 147.8 111.3 123.7 75.0 260.9 253.5 458.7 775.1 577.1 326.3 74.8 111.1 88.6 486.0 112.0 (363.5) (48.7) 242.5 47 149.1 52.2 (35.1) 205.2 90.3 (1.4) 21.6 29 (57.1)
Operating Cash Flow 3,003 3,610 3,905 4,573.7 2,715.0 789.2 2,357.6 2,089.9 2,781.9 1,183.4 1,742.4 1,099.0 932.3 500.0 1,772.2 1,675.6 1,189.4 1,628.4 1,334.8 539.9 298.4 724.4 1,236.1 638.4 154.3 346.6 606.6 36.6 359.4 234.2 108.5 337.2 184.8 317.3 259.7 83.7 24.3
Investing Activities
Capital Expenditure (143) (216) (256) (214) (149) (172.3) (178.0) (97.7) (79.0) (107.7) (81.9) (73.2) (129.6) (91.5) (70.0) (70.5) (59.0) (96.6) (109.7) (92.0) (76.9) (89.6) (31.6) (16.8) (23.7) (18.8) (22.9) (16.8) (13.3) (20.3) (17.5) (6.9) (22.3) (32.3) (28.9) (7.5) (6.7)
Acquisitions (683) 0 0 394 0 0 0 0 0 0 (1,932.6) 0 0 0 (151.1) 213.2 203.0 0 (239.0) 0 0 0 2,134.8 (2.6) (61.7) 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (9,385) (14,943) (4,499) (9,568) (2,310) (48.6) (1,503.1) (1,292.1) (1,809.3) (3,779.3) (3,743.1) (5,422.0) (2,184.1) (327.1) (3,550.9) (1,452.0) (710.1) (1,316.9) (2,390.3) (867.3) (2,263.1) (5,062.0) (3,735.7) (2,239.4) (564.7) (458.4) (233.9) (910.8) (686.3) (593.2) (717.5) (97.1) (2,011.4) (901.2) (1,315.2) (626.7) (709.2)
Sales/Maturities of Investments 6,848 8,007 2,927 2,553 2,067 2,593.1 4,954.4 3,126.7 3,372.3 3,076.6 8,894.0 1,490.9 2,417.4 2,042.1 3,621.6 1,918.3 2,550.0 2,174.1 2,391.1 1,950.2 2,346.9 3,792.8 2,855.2 2,335.4 1,337.8 1,269.9 1,212.9 1,398.8 561.9 792.4 810.4 678 1,353.9 1,939.6 1,324.5 348.7 590.6
Other Investing Activities (2,403) 6,602 (6,046) 23,427 (13,239) (24,392.8) (2,546.2) (3,147.0) 1,910.8 89.7 4,577.9 (7,706.0) (2,307.3) (5,684.4) 519.3 (133.6) 517.7 (3,048.8) (4,487.7) (1,357.6) (1,583.2) (2,599.3) (1,501.2) (1,659.7) (1,132.7) (1,352.8) (949.3) (1,257.5) (880.8) (1,106.4) (1,258.1) (597.4) (213.5) (111.2) 617.2 529 (134.5)
Investing Cash Flow (6,816) (550) (7,874) 16,592 (13,631) (22,020.5) 727.0 (1,410.1) 3,394.9 (720.8) 7,714.3 (11,710.4) (2,203.6) (4,060.9) 368.9 475.4 2,501.7 (2,263.8) (4,782.7) (366.7) (1,576.2) (3,958.0) (278.5) (1,583.2) (445.1) (560.1) 6.8 (786.3) (1,018.5) (927.5) (1,182.7) (23.4) (893.3) 894.9 597.6 243.5 (259.8)
Financing Activities
Net Debt Issuance (758) 232 5,972 2,705 (856) (2,667.9) (5,889.5) 4,537.4 (1,275.8) (3,057.0) (9,579.9) 3,851.4 (275.5) (1,787.7) (2,123.0) (4,037.0) (3,135.4) (1,178.7) 5,346.6 (1,353.5) 324.8 1,086.3 (797.2) 1,414.1 954.5 138.5 512.8 1,520.7 (78.1) (160.2) (28.1) (807.9) 1,408.9 (264.9) 49.7 60.8 460.9
Stock Repurchased (2,631) (746) (594) (1,800) (495) (373.8) (1,731.3) (2,194.4) (1,205.9) (1,141.3) (3,273.6) 0 0 0 (370) 0 (1,547.0) 0 (508.4) (373.9) (509.6) (610.3) 0 (240.3) (323.7) 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (1,045) (1,033) (968) (881) (648) (636.4) (619.6) (582.9) (530.1) (523.2) (456.3) (441.4) (418.8) (411.2) (398.3) (375.5) (357.7) (308.5) (281.9) (249.8) (198.6) (187.7) (135.4) (96.9) (95.9) (52.0) (35.1) (29) (21.2) (19.5) (19.8) (18.3) (16.7) (14.4) (12.2) (8.3) (7.6)
Other Financing Activities 5,794 (2,068) (230) (21,008) 11,710.5 25,025.8 4,590.7 (2,255.3) (3,064.6) 3,716.4 574.2 6,555.3 1,651.9 6,294.0 773.8 1,948.9 (519.8) 1,323.2 (965.8) 1,938.5 1,787.9 2,409.2 590.7 145.2 (4.9) (286.9) (497.8) (174.3) 763.1 1,039.7 1,142.8 412 (735.4) (692.5) (899.6) (355.3) (177.9)
Financing Cash Flow 1,800 (2,882) 4,180 (20,984) 10,701.5 21,347.7 (3,253.7) (495.2) (6,076.5) (510.1) (9,462.0) 10,311.8 957.6 4,095.1 (1,622.5) (2,463.6) (4,012.9) 435.9 3,590.5 (38.7) 1,404.5 2,697.7 (342.0) 1,222.2 530.0 (255.4) (99.9) 1,085.6 596 779.2 1,057.5 (458.2) 656.8 (971.8) (822.1) (319.4) 255.4
Cash Position
Net Change in Cash (2,013) 178 211 182.7 (215) 116.4 (169.1) 184.6 100.3 (47.5) (5.3) (299.6) (313.7) 534.2 518.6 (312.6) (321.8) (199.4) 142.6 134.5 126.7 (536.0) 615.7 277.4 239.2 (468.8) 513.4 336 (63.1) (364.1) (380.9) (525.2) (577) (336.5) (301.3) (293.6) (273.6)
Cash at Beginning 20,782 1,731 1,520 1,337.6 1,552.7 1,436.3 1,605.4 1,420.9 1,320.5 1,368.0 1,373.4 1,672.9 1,986.6 1,452.4 933.8 1,246.3 1,568.2 1,767.5 1,625.0 1,490.5 1,363.8 1,899.8 1,284.1 1,006.8 767.5 1,236.3 722.9 386.9 450 1,438.4 67 1,233.8 (635.3) 336.5 301.3 293.6 273.6
Cash at End 18,769 1,909 1,731 1,520.2 1,337.6 1,552.7 1,436.3 1,605.4 1,420.9 1,320.5 1,368.0 1,373.4 1,672.9 1,986.6 1,452.4 933.8 1,246.3 1,568.2 1,767.5 1,625.0 1,490.5 1,363.8 1,899.8 1,284.1 1,006.8 767.5 1,236.3 722.9 386.9 1,143.3 54.1 380.9 (465.2) (635.3) (520.8) (25.8) 529
Free Cash Flow 2,860 3,394 3,649 4,359.4 2,565.7 616.9 2,179.5 1,992.2 2,703.0 1,075.7 1,660.5 1,025.9 802.8 408.5 1,702.2 1,605.2 1,130.4 1,531.8 1,225.0 447.9 221.5 634.8 1,204.5 621.6 130.6 327.9 583.7 19.8 346.1 213.9 91 330.3 162.5 285 230.8 76.2 17.6
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 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 12,309 13,405 12,507 8,438 6,076 6,281.2 6,941.3 6,454.7 6,018.9 5,721.9 4,995.9 4,736.1 4,838.7 4,630.5 4,399.2 3,863.7 3,799.2 4,254.0 4,468.9 4,359.9 3,738.4 3,241.7 2,957.7 2,354.0 2,579.3 2,097.5 1,761.0 1,622.4 1,258 1,167.6 1,077.7 871 851.2 889.9 851 713 627.5 0 0 0
Gross Profit 9,185 8,621 8,753 7,496 6,037 5,154.8 6,015.9 5,796.3 5,464.2 5,105.9 4,497.6 4,331.7 4,369.6 4,083.3 3,726.9 3,033.4 2,525.8 2,504.2 2,582.3 2,783.4 2,656.1 2,582.5 2,298.8 1,637.5 1,532.2 1,140.9 997.3 891.6 703.9 657.9 595.5 531.3 501.3 481.3 347.4 258.6 227.8 0 0 0
Operating Income 3,692 3,310 3,619 2,612 2,455 1,769.5 2,547.3 2,508.2 2,323.9 2,058.4 1,674.7 1,642.2 1,765.6 1,552.5 1,224.6 1,092.8 519.3 739.8 963.5 1,231.6 1,170.9 1,066.5 850.7 716.5 583.9 446.4 418.3 325.6 282.1 249 221.1 194.5 173.5 162.7 114.8 84.7 76.3 44.5 40.3 26.2
Net Income 2,851 2,588 2,741 1,992 1,859 1,353.2 1,929.1 1,918.1 1,408.3 1,315.1 1,079.7 1,066.2 1,138.5 1,029.5 859.5 736.2 379.9 555.9 654.3 839.2 782.2 722.5 573.9 485.1 378.1 286.2 265.6 208 176.2 151.1 131 117.3 102 97.9 67.2 53.9 41.2 44.5 40.3 26.2
EPS (Diluted) 17.00 14.64 15.79 11.53 13.80 9.94 13.75 12.74 8.70 7.78 7.18 7.42 8.20 7.54 6.35 5.69 2.89 5.01 5.95 7.37 6.73 6.00 4.95 4.78 3.82 3.44 3.28 2.62 2.53 2.11 1.80 1.57 1.34 1.30 0.92 0.79 0.70 0.60 0.48 0.48
Balance Sheet
Cash & Equivalents 18,769 20,782 29,800 26,476 43,209.9 25,216.6 8,623.0 9,710.6 6,499.8 6,321.2 8,962.4 7,760.8 3,224.5 2,113.6 1,604.5 1,010.0 1,359.6 1,557.1 1,737.9 1,612.1 1,487.6 1,344.9 1,890.7 971.6 970.0 753.4 593.9 723.6 387.6 497.3 489.6 381 580.2 687 336.5 704.7 541
Total Assets 213,510 208,105 208,264 200,730 155,107.2 142,601.1 119,872.8 120,097.4 118,593.5 123,449.2 122,787.9 96,685.5 85,162.4 83,008.8 77,924.3 68,021.3 68,880.4 65,815.8 64,875.6 57,064.9 55,146.4 52,938.7 49,826.1 33,201.2 31,450.2 28,949.5 22,409.1 20,583.9 14,002.9 12,943.9 11,955.9 10,528.6 10,365 9,587.9 9,171.1 7,715.4 6,233.8
Total Debt 13,060 13,665 13,517 7,520 3,532.4 4,441.7 7,048.5 12,843.3 8,491.6 9,820.7 12,786.0 9,199.6 5,369.3 5,682.2 7,468.3 8,787.6 12,682.6 15,084.9 16,139.8 9,985.0 11,349.9 11,052.2 9,977.7 7,926.8 6,507.6 5,487.3 4,329.3 3,797.5 1,525.1 1,328.2 1,466 1,461.1 2,177.2 768.4 1,031.9 975 847.7
Stockholders' Equity 29,177 29,027 26,957 25,318 17,903.4 16,187.3 15,716.6 15,460.2 16,250.8 16,486.6 16,173.3 12,335.9 11,305.5 10,202.6 9,271.2 8,357.7 7,752.9 6,784.7 6,485.3 6,281.1 5,876.4 5,729.6 5,717.2 3,208.5 2,939.5 2,700.5 1,797 1,602.4 1,030.3 905.7 846.3 721 723.9 626.8 535.8 437.2 406.3
Cash Flow
Operating Cash Flow 3,003 3,610 3,905 4,573.7 2,715.0 789.2 2,357.6 2,089.9 2,781.9 1,183.4 1,742.4 1,099.0 932.3 500.0 1,772.2 1,675.6 1,189.4 1,628.4 1,334.8 539.9 298.4 724.4 1,236.1 638.4 154.3 346.6 606.6 36.6 359.4 234.2 108.5 337.2 184.8 317.3 259.7 83.7 24.3
Capital Expenditure (143) (216) (256) (214) (149) (172.3) (178.0) (97.7) (79.0) (107.7) (81.9) (73.2) (129.6) (91.5) (70.0) (70.5) (59.0) (96.6) (109.7) (92.0) (76.9) (89.6) (31.6) (16.8) (23.7) (18.8) (22.9) (16.8) (13.3) (20.3) (17.5) (6.9) (22.3) (32.3) (28.9) (7.5) (6.7)
Free Cash Flow 2,860 3,394 3,649 4,359.4 2,565.7 616.9 2,179.5 1,992.2 2,703.0 1,075.7 1,660.5 1,025.9 802.8 408.5 1,702.2 1,605.2 1,130.4 1,531.8 1,225.0 447.9 221.5 634.8 1,204.5 621.6 130.6 327.9 583.7 19.8 346.1 213.9 91 330.3 162.5 285 230.8 76.2 17.6