MTH - Meritage Homes Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$83.25
DETAILS
HIGH:
$90.00
LOW:
$77.00
MEDIAN:
$83.00
CONSENSUS:
$83.25
UPSIDE:
30.10%
| 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 | 5,857.6 | 6,395.0 | 6,138.3 | 6,292.2 | 5,141.3 | 4,501.2 | 3,666.9 | 3,528.6 | 3,241.0 | 3,041.7 | 2,579.5 | 2,179.8 | 1,820.7 | 1,194.5 | 861.2 | 941.7 | 970.3 | 1,523.1 | 2,343.6 | 3,461.3 | 3,001.1 | 2,040.0 | 1,471.0 | 1,119.8 | 744.2 | 520.5 | 341.8 | 256.0 | 149.6 | 2.2 | 3.6 | 2.1 | 0.5 |
| Cost of Revenue | 4,688.2 | 4,796.8 | 4,619.2 | 4,489.3 | 3,703.9 | 3,500.3 | 2,959.4 | 2,868.7 | 2,645.7 | 2,484.8 | 2,064.9 | 1,707.3 | 1,407.3 | 964.0 | 720.1 | 774.0 | 966.3 | 1,560.0 | 2,330.5 | 2,748.7 | 2,294.1 | 1,631.5 | 1,271.4 | 970.2 | 628.0 | 444.3 | 296.5 | 218.7 | 124.6 | 0 | 0 | 0 | 0 |
| Gross Profit | 1,153.6 | 1,598.3 | 1,519.0 | 1,802.9 | 1,437.4 | 1,000.9 | 707.5 | 659.9 | 595.3 | 556.9 | 514.6 | 472.5 | 413.4 | 230.5 | 141.1 | 167.7 | 4.1 | (36.9) | 13.0 | 712.6 | 707.0 | 408.5 | 199.6 | 149.6 | 116.2 | 76.1 | 45.3 | 37.3 | 25.0 | 2.2 | 3.6 | 2.1 | 0.5 |
| 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 |
| SG&A Expenses | 211.8 | 639.9 | 616.6 | 516.2 | 466.9 | 446.9 | 392.8 | 380.4 | 345.7 | 338.9 | 301.3 | 261.3 | 218.2 | 163.0 | 139.1 | 136.6 | 141.8 | 205.1 | 302.6 | 380.8 | 285.1 | 195.8 | 53.9 | 41.5 | 35.7 | 21.2 | 15.1 | 10.6 | 15.1 | 0 | 0 | 0 | 0 |
| Other Expenses | 404.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | 1.6 | 5.2 | 0 |
| Operating Expenses | 616.2 | 639.9 | 616.6 | 516.2 | 466.9 | 446.9 | 392.8 | 380.4 | 345.7 | 338.9 | 301.3 | 261.3 | 218.2 | 177.4 | 139.1 | 136.6 | 141.8 | 205.1 | 302.6 | 380.8 | 285.1 | 195.8 | 53.9 | 41.5 | 35.7 | 21.2 | 15.1 | 10.6 | 15.1 | 1.7 | 1.6 | 5.2 | 1.8 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 537.5 | 958.3 | 902.4 | 1,286.6 | 970.6 | 554.0 | 314.7 | 279.5 | 249.6 | 218.0 | 213.3 | 211.2 | 195.1 | 67.4 | 2.0 | 31.1 | (133.8) | (242.0) | (289.6) | 331.8 | 421.9 | 212.7 | 145.7 | 108.1 | 80.5 | 54.9 | 30.2 | 26.7 | 9.9 | 0.5 | 2 | (3.1) | (1.3) |
| Interest Expense | 0 | 0 | 0 | 0.0 | 0.3 | 2.2 | 8.4 | 0.8 | 3.9 | 5.2 | 16.0 | 5.2 | 15.1 | 24.2 | 30.4 | 33.7 | 36.5 | 23.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 562.8 | 984.3 | 927.7 | 1,311.4 | 996.8 | 585.0 | 342.6 | 306.5 | 266.3 | 234.0 | 227.6 | 222.8 | 205.1 | 75.6 | 17.2 | 44.2 | (109.4) | (236.6) | (271.8) | 355.5 | 439.1 | 213.8 | 154.2 | 114.9 | 86.2 | 58.3 | 32.7 | 28.6 | 10.3 | 0.5 | 2 | (3.1) | (1.3) |
| EBIT | 537.5 | 958.3 | 902.4 | 1,286.6 | 970.6 | 554.0 | 314.7 | 279.5 | 249.6 | 218.0 | 213.3 | 211.2 | 195.1 | 67.4 | 10.0 | 36.2 | (118.3) | (252.3) | (289.6) | 331.8 | 421.9 | 212.7 | 145.7 | 108.1 | 80.5 | 54.9 | 30.2 | 27.0 | 9.9 | 0.5 | 2 | (3.1) | (1.3) |
| Income Before Tax | 584.6 | 1,002.9 | 949.4 | 1,289.3 | 954.8 | 533.6 | 302.9 | 283.3 | 247.5 | 218.1 | 189.5 | 208.4 | 177.7 | 28.9 | (20.4) | 2.5 | (154.8) | (276.0) | (456.5) | 364.0 | 416.2 | 224.8 | 151.5 | 113.5 | 83.3 | 56.8 | 32.2 | 30.5 | 15.2 | 0 | 0 | 0 | 0 |
| Income Tax Expense | 131.6 | 216.7 | 210.7 | 297.1 | 217.4 | 110.1 | 53.3 | 55.9 | 104.3 | 68.5 | 60.7 | 66.2 | 53.2 | (76.3) | 0.7 | (4.7) | (88.3) | 16.0 | (167.6) | 138.7 | 160.6 | 85.8 | 57.1 | 43.6 | 32.4 | 21 | 13.3 | 6.5 | 1.0 | (0.2) | (1.1) | 4.5 | 32 |
| Net Income | 453.0 | 786.2 | 738.7 | 992.2 | 737.4 | 423.5 | 249.7 | 227.3 | 143.3 | 149.5 | 128.7 | 142.2 | 124.5 | 105.2 | (21.1) | 7.2 | (66.5) | (291.9) | (288.9) | 225.4 | 255.7 | 139.0 | 94.4 | 69.9 | 50.7 | 35.8 | 18.9 | 24.0 | 14.2 | 0.2 | 1.1 | (4.5) | (32) |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 6.40 | 10.85 | 10.09 | 13.52 | 9.81 | 5.62 | 3.27 | 2.83 | 1.78 | 1.87 | 1.62 | 1.82 | 1.73 | 1.54 | -0.33 | 0.11 | -1.06 | -4.97 | -5.50 | 4.26 | 4.74 | 2.67 | 1.81 | 1.41 | 1.20 | 0.86 | 0.44 | 0.56 | 0.36 | 0.01 | 0.01 | -0.06 | -1.24 |
| EPS (Diluted) | 6.40 | 10.72 | 9.97 | 13.37 | 9.65 | 5.50 | 3.21 | 2.79 | 1.71 | 1.77 | 1.54 | 1.73 | 1.62 | 1.50 | -0.33 | 0.11 | -1.06 | -4.97 | -5.50 | 4.16 | 4.44 | 2.52 | 1.71 | 1.33 | 1.07 | 0.79 | 0.40 | 0.49 | 0.34 | 0.01 | 0.01 | -0.06 | -1.24 |
| Shares Outstanding | 70.8 | 72.5 | 73.2 | 73.4 | 75.2 | 75.4 | 76.2 | 80.2 | 80.6 | 80.0 | 79.2 | 78.0 | 72.2 | 68.1 | 64.8 | 64.1 | 62.7 | 58.7 | 52.5 | 52.9 | 54.0 | 52.1 | 52.2 | 49.6 | 42.4 | 41.3 | 43.3 | 42.6 | 38.9 | 40 | 77.9 | 77.8 | 25.9 |
| 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 | 775.2 | 651.6 | 921.2 | 861.6 | 618.3 | 745.6 | 319.5 | 311.5 | 170.7 | 131.7 | 249.3 | 205.9 | 47.9 | 4.8 | 6.6 | 3.4 | 4.4 | 13.4 | 12.4 | 8.2 | 15.6 | 3.3 | 6.7 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 125.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 307.0 | 256.3 | 267.0 | 215.0 | 147.5 | 98.6 | 88.5 | 77.3 | 79.3 | 70.4 | 115.4 | 142.6 | 16.0 | 8.7 | 8.9 | 5.5 | 2.2 | 1.6 | 2.5 | 1.0 | 0 | 0 | 0 | 0 |
| Inventory | 6,161.3 | 5,728.8 | 4,721.3 | 4,358.3 | 3,833.1 | 2,778.0 | 2,744.4 | 2,742.6 | 2,731.4 | 2,422.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | (2,744.4) | 0 | 35.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 7,243.4 | 6,829.0 | 6,020.9 | 5,511.6 | 4,599.0 | 3,681.8 | 458.9 | 3,182.8 | 3,041.4 | 2,709.7 | 506.8 | 364.5 | 63.9 | 13.5 | 15.5 | 8.9 | 6.6 | 15.1 | 14.8 | 9.2 | 15.6 | 3.3 | 6.7 | 0 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 103.6 | 47.3 | 49.0 | 38.6 | 58.4 | 38.9 | 50.6 | 54.6 | 33.6 | 33.2 | 675.0 | 22.7 | 895.0 | 701.7 | 499.0 | 339.9 | 216.0 | 175.1 | 107.3 | 66.0 | 0 | 0 | 0 | 0 |
| Goodwill | 33.0 | 33.0 | 33.0 | 33.0 | 33.0 | 0 | 0 | 33.0 | 33.0 | 33.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.6 | 5.0 | 91.5 | 75.6 | 73.8 | 30.4 | 17.7 | 18.7 | 14.6 | 6.0 | 1.8 | 0 | 0 | 0 |
| Long-Term Investments | 57.3 | 28.7 | 17.2 | 11.8 | 5.8 | 4.3 | 4.4 | 17.5 | 17.1 | 17.1 | 11.9 | 0 | 50.9 | 23.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 131.7 | 170.1 | 185.6 | 131.7 | 70.8 | 103.3 | 2,858.4 | 51.2 | 91.0 | 42.4 | 48.9 | 934.0 | 215.1 | 139.0 | 100.8 | 54.9 | 26.3 | 17.0 | 8.5 | 5.0 | 71 | 27.8 | 31.2 | 43.9 |
| Total Non-Current Assets | 409.2 | 333.6 | 332.3 | 260.5 | 219.4 | 182.6 | 2,939.4 | 182.7 | 209.9 | 179.0 | 735.8 | 961.7 | 1,201.5 | 941.0 | 676.3 | 427.8 | 260.5 | 211.5 | 137.4 | 87.4 | 72.8 | 27.8 | 31.2 | 43.9 |
| Total Assets | 7,652.6 | 7,162.7 | 6,353.1 | 5,772.1 | 4,818.4 | 3,864.4 | 3,398.2 | 3,365.5 | 3,251.3 | 2,888.7 | 1,242.7 | 1,326.2 | 1,265.4 | 954.5 | 691.8 | 436.7 | 267.1 | 226.6 | 152.3 | 96.6 | 72.8 | 27.8 | 31.2 | 43.9 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 200.7 | 212.5 | 271.6 | 273.3 | 216.0 | 175.2 | 155.0 | 128.2 | 140.5 | 140.7 | 30.3 | 31.7 | 77.8 | 80.7 | 52.1 | 36.2 | 48.9 | 42.0 | 34.1 | 21.2 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 60.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.6 | 17.3 | 32.1 | 10.9 | 9.8 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 20.5 | 36.6 | 38.0 | 42.6 | 25.1 | 24.2 | 28.6 | 34.1 | 28.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 223.6 | 0 | 0 | 0 | 0 | (28.3) | (34.2) | 138.7 | (177.7) | 170.2 | 112.2 | 111.4 | 103.8 | 0 | 0 | 0 | 0 | (0.0) | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 597.6 | 596.7 | 641.6 | 613.5 | 543.5 | 444.4 | 349.0 | 334.7 | 355.7 | 339.9 | 152.2 | 156.8 | 213.4 | 148.1 | 93.5 | 84.6 | 66.2 | 74.1 | 45.0 | 30.9 | 0 | 0 | 0 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 1,829.1 | 1,335.9 | 1,008.2 | 1,150.6 | 1,160.0 | 1,020.1 | 1,019.0 | 1,310.1 | 1,283.8 | 1,112.3 | 605.0 | 629.0 | 471.4 | 351.5 | 264.9 | 162.0 | 68.9 | 53.8 | 26.3 | 13.1 | 30.5 | 7.8 | 11.8 | 19.9 |
| Deferred Tax Liabilities | 30.3 | 0 | 0 | 0 | 0 | 0 | 0 | (1,181.9) | (34.1) | (259.7) | 0 | 0 | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 32.7 | 37.4 | 35.6 | 33.5 | (1.3) | (2.2) | 206.5 | 250.1 | 22.7 | 121.9 | 138.4 | 193.4 | 110.4 | 16.1 | 13.5 | 10.9 | 8.3 | 8.6 | 6.2 | 15.4 | 1.6 | 1.8 | 1.6 |
| Total Non-Current Liabilities | 1,859.4 | 1,424.4 | 1,099.6 | 1,209.0 | 1,219.7 | 1,072.1 | 1,075.2 | 1,310.1 | 1,318.8 | 1,127.3 | 605.0 | 642.3 | 529.2 | 394.5 | 281.0 | 175.5 | 79.8 | 62.1 | 34.9 | 19.3 | 45.9 | 9.4 | 13.6 | 21.5 |
| Total Liabilities | 2,457.0 | 2,021.1 | 1,741.2 | 1,822.5 | 1,763.1 | 1,516.5 | 1,424.3 | 1,644.7 | 1,674.4 | 1,467.2 | 757.2 | 799.0 | 742.6 | 542.6 | 374.5 | 260.1 | 146.0 | 136.1 | 79.9 | 50.3 | 45.9 | 9.4 | 13.6 | 21.5 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 0.7 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 |
| Retained Earnings | 5,195.0 | 4,998.2 | 4,320.6 | 3,621.4 | 2,629.2 | 1,891.7 | 1,468.3 | 1,218.6 | 991.8 | 848.6 | 212.4 | 278.9 | 381.6 | 242.6 | 148.2 | 78.3 | 29.5 | (8.1) | (27.1) | (51.1) | (65.3) | (23.8) | (24.9) | (20.3) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (57.2) | (47.9) | (38.9) | (45.7) | (11.8) | (11.8) | (10.5) | (7.1) | (5.4) | (3.5) | (2.9) | (0.4) | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 5,195.6 | 5,141.6 | 4,611.9 | 3,949.6 | 3,044.4 | 2,347.9 | 1,974.0 | 1,720.8 | 1,576.8 | 1,421.5 | 485.4 | 527.2 | 522.6 | 411.9 | 317.3 | 176.6 | 121.1 | 90.4 | 72.3 | 46.4 | 26.9 | 18.4 | 17.6 | 22.4 |
| Total Liabilities & Equity | 7,622.3 | 7,162.7 | 6,353.1 | 5,772.1 | 4,818.4 | 3,864.4 | 3,398.2 | 3,365.5 | 3,251.3 | 2,888.7 | 1,242.7 | 1,326.2 | 1,265.4 | 954.5 | 691.8 | 436.7 | 267.1 | 226.6 | 152.3 | 96.6 | 72.8 | 27.8 | 31.2 | 43.9 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 1,889.5 | 1,391.7 | 1,062.3 | 1,173.4 | 1,186.2 | 1,076.6 | 1,087.4 | 1,310.1 | 1,283.8 | 1,127.3 | 605.0 | 629.0 | 471.4 | 351.5 | 264.9 | 177.6 | 86.2 | 85.9 | 37.2 | 22.9 | 30.5 | 7.8 | 11.8 | 19.9 |
| Net Debt | 1,114.4 | 740.1 | 141.0 | 311.9 | 567.9 | 331.0 | 768.0 | 998.6 | 1,113.1 | 995.6 | 355.7 | 423.0 | 423.5 | 346.7 | 258.3 | 174.2 | 81.8 | 72.5 | 24.8 | 14.6 | 14.9 | 4.5 | 5.1 | 19.9 |
| 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 | 453.0 | 786.2 | 738.7 | 992.2 | 737.4 | 423.5 | 249.7 | 227.3 | 143.3 | 149.5 | 255.7 | 139.0 | 94.4 | 69.9 | 50.7 | 35.8 | 18.9 | 24.0 | 14.2 | 0.3 | 1.1 | (4.5) | (25.9) |
| Depreciation & Amortization | 25.3 | 26.0 | 25.3 | 24.7 | 26.2 | 31.1 | 27.9 | 27.0 | 16.7 | 16.0 | 17.2 | 13.2 | 8.5 | 6.8 | 5.7 | 3.4 | 2.5 | 1.6 | 0.4 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 19.7 | 25.8 | 22.5 | 22.3 | 20.1 | 20.0 | 19.6 | 17.2 | 12.1 | 13.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (438.7) | (1,078.9) | (436.5) | (644.7) | (951.4) | 42.3 | 33.2 | (22.2) | (284.1) | (291.1) | (207.9) | (92.8) | 53.1 | (3.6) | (0.3) | 11.1 | 10.3 | 6.8 | 5.7 | 0.5 | 0.2 | (0.2) | (0.3) |
| Other Non-Cash Items | 59.0 | 13.3 | 5.4 | 10.7 | (2.9) | 14.4 | 9.3 | 15.7 | 5.2 | 7.5 | 13.2 | 0.2 | (214.5) | (78.9) | (73.9) | (44.2) | (74.3) | (42.6) | (13.7) | 1.6 | 0 | 3.7 | 22.7 |
| Operating Cash Flow | 118.3 | (227.6) | 355.6 | 405.3 | (152.1) | 530.4 | 346.8 | 262.2 | (87.1) | (103.4) | 72.2 | 60.2 | (56.9) | (5.8) | (19.8) | 6.3 | (36.4) | (5.2) | 6.7 | 2.4 | 1.3 | (1) | (3.5) |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (25.7) | (28.7) | (38.2) | (27.0) | (25.7) | (19.9) | (24.4) | (33.4) | (18.1) | (16.7) | (25.3) | (15.1) | (17.1) | (8.3) | (7.3) | (3.0) | (2.9) | (1.6) | (0.2) | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | (18.5) | (6.0) | (5.8) | (1.7) | (0.0) | (1.1) | (0.8) | (0.7) | (7.2) | (152.4) | (24.2) | 0 | (129.6) | (65.8) | (5.2) | (7.0) | (6.9) | (2.0) | 0 | 0 | 0 | 0 |
| Purchases of Investments | (1.8) | (0.8) | (0.8) | (1.0) | (2.8) | (2.5) | (0.8) | (1.2) | (1.4) | (0.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (9) | 0 | 0 |
| Sales/Maturities of Investments | 1.8 | 0.8 | 0.8 | 1.0 | 2.8 | 2.5 | 0.8 | 1.2 | 1.4 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.7 | 4.3 | 9.1 | 0 | 0 |
| Other Investing Activities | (32.0) | 3.1 | 0.6 | 0.5 | 0.6 | 1.7 | 12.0 | 0.7 | 1.7 | 3.8 | (69.7) | (42.5) | (12.1) | (4.9) | 0 | 0 | 0 | 7.4 | 8.5 | 13.7 | (0.6) | (0.1) | 16.7 |
| Investing Cash Flow | (57.7) | (44.1) | (43.6) | (32.3) | (26.8) | (18.2) | (13.5) | (33.5) | (17.1) | (20.1) | (247.4) | (81.8) | (29.2) | (142.8) | (73.0) | (8.2) | (9.9) | (1.1) | 11.1 | 18 | (0.5) | (0.1) | 16.7 |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 479.1 | 315.4 | (153.7) | (20.5) | 118.7 | (16.4) | (309.3) | 12.0 | 147.3 | (6.3) | 130.8 | 96.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (295.0) | (125.9) | (59.1) | (109.3) | (61.0) | (69.6) | (16.0) | (100) | 0 | 0 | (14.4) | (35.4) | (5.2) | (17.1) | (0.2) | (9.1) | (1.9) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (121.1) | (108.6) | (39.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.2) | (0.3) | (0.2) | (0.3) | 0 |
| Other Financing Activities | 0 | (78.9) | 0 | 0 | (6.1) | 0 | 0 | 0 | (4.1) | (0.7) | 0 | 0 | 84.3 | 151.9 | 91.9 | (7.1) | 47.3 | 10.4 | (24.9) | (7.8) | (4) | (8.2) | (11.1) |
| Financing Cash Flow | 63.0 | 2.0 | (252.3) | (129.8) | 51.6 | (86.0) | (325.3) | (88.0) | 143.2 | (7.0) | 193.1 | 64.7 | 84.3 | 151.9 | 91.9 | (7.1) | 47.3 | 10.4 | (25.1) | (8.1) | (4.2) | (8.5) | (11.1) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 123.6 | (269.7) | 59.7 | 243.2 | (127.3) | 426.2 | 8 | 140.7 | 39.0 | (130.5) | 17.9 | 43.1 | (1.8) | 3.2 | (1.0) | (9.0) | 1.0 | 4.1 | (7.3) | 12.3 | (3.4) | (9.6) | 2.1 |
| Cash at Beginning | 651.6 | 921.2 | 861.6 | 618.3 | 745.6 | 319.5 | 311.5 | 170.7 | 131.7 | 262.2 | 47.9 | 4.8 | 6.6 | 3.4 | 4.4 | 13.4 | 12.4 | 8.2 | 15.6 | 3.3 | 6.7 | 16.2 | 14.2 |
| Cash at End | 775.2 | 651.6 | 921.2 | 861.6 | 618.3 | 745.6 | 319.5 | 311.5 | 170.7 | 131.7 | 65.8 | 47.9 | 4.8 | 6.6 | 3.4 | 4.4 | 13.4 | 12.4 | 8.2 | 15.6 | 3.3 | 6.6 | 16.3 |
| Free Cash Flow | 92.6 | (256.2) | 317.4 | 378.3 | (177.8) | 510.4 | 322.4 | 228.8 | (105.2) | (120.1) | 47.0 | 45.1 | (74.0) | (14.1) | (27.1) | 3.2 | (39.3) | (6.8) | 6.5 | 2.4 | 1.3 | (1) | (3.5) |
| 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 | 5,857.6 | 6,395.0 | 6,138.3 | 6,292.2 | 5,141.3 | 4,501.2 | 3,666.9 | 3,528.6 | 3,241.0 | 3,041.7 | 2,579.5 | 2,179.8 | 1,820.7 | 1,194.5 | 861.2 | 941.7 | 970.3 | 1,523.1 | 2,343.6 | 3,461.3 | 3,001.1 | 2,040.0 | 1,471.0 | 1,119.8 | 744.2 | 520.5 | 341.8 | 256.0 | 149.6 | 2.2 | 3.6 | 2.1 | 0.5 |
| Gross Profit | 1,153.6 | 1,598.3 | 1,519.0 | 1,802.9 | 1,437.4 | 1,000.9 | 707.5 | 659.9 | 595.3 | 556.9 | 514.6 | 472.5 | 413.4 | 230.5 | 141.1 | 167.7 | 4.1 | (36.9) | 13.0 | 712.6 | 707.0 | 408.5 | 199.6 | 149.6 | 116.2 | 76.1 | 45.3 | 37.3 | 25.0 | 2.2 | 3.6 | 2.1 | 0.5 |
| Operating Income | 537.5 | 958.3 | 902.4 | 1,286.6 | 970.6 | 554.0 | 314.7 | 279.5 | 249.6 | 218.0 | 213.3 | 211.2 | 195.1 | 67.4 | 2.0 | 31.1 | (133.8) | (242.0) | (289.6) | 331.8 | 421.9 | 212.7 | 145.7 | 108.1 | 80.5 | 54.9 | 30.2 | 26.7 | 9.9 | 0.5 | 2 | (3.1) | (1.3) |
| Net Income | 453.0 | 786.2 | 738.7 | 992.2 | 737.4 | 423.5 | 249.7 | 227.3 | 143.3 | 149.5 | 128.7 | 142.2 | 124.5 | 105.2 | (21.1) | 7.2 | (66.5) | (291.9) | (288.9) | 225.4 | 255.7 | 139.0 | 94.4 | 69.9 | 50.7 | 35.8 | 18.9 | 24.0 | 14.2 | 0.2 | 1.1 | (4.5) | (32) |
| EPS (Diluted) | 6.40 | 10.72 | 9.97 | 13.37 | 9.65 | 5.50 | 3.21 | 2.79 | 1.71 | 1.77 | 1.54 | 1.73 | 1.62 | 1.50 | -0.33 | 0.11 | -1.06 | -4.97 | -5.50 | 4.16 | 4.44 | 2.52 | 1.71 | 1.33 | 1.07 | 0.79 | 0.40 | 0.49 | 0.34 | 0.01 | 0.01 | -0.06 | -1.24 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 775.2 | 651.6 | 921.2 | 861.6 | 618.3 | 745.6 | 319.5 | 311.5 | 170.7 | 131.7 | 249.3 | 205.9 | 47.9 | 4.8 | 6.6 | 3.4 | 4.4 | 13.4 | 12.4 | 8.2 | 15.6 | 3.3 | 6.7 | 0 | |||||||||
| Total Assets | 7,652.6 | 7,162.7 | 6,353.1 | 5,772.1 | 4,818.4 | 3,864.4 | 3,398.2 | 3,365.5 | 3,251.3 | 2,888.7 | 1,242.7 | 1,326.2 | 1,265.4 | 954.5 | 691.8 | 436.7 | 267.1 | 226.6 | 152.3 | 96.6 | 72.8 | 27.8 | 31.2 | 43.9 | |||||||||
| Total Debt | 1,889.5 | 1,391.7 | 1,062.3 | 1,173.4 | 1,186.2 | 1,076.6 | 1,087.4 | 1,310.1 | 1,283.8 | 1,127.3 | 605.0 | 629.0 | 471.4 | 351.5 | 264.9 | 177.6 | 86.2 | 85.9 | 37.2 | 22.9 | 30.5 | 7.8 | 11.8 | 19.9 | |||||||||
| Stockholders' Equity | 5,195.6 | 5,141.6 | 4,611.9 | 3,949.6 | 3,044.4 | 2,347.9 | 1,974.0 | 1,720.8 | 1,576.8 | 1,421.5 | 485.4 | 527.2 | 522.6 | 411.9 | 317.3 | 176.6 | 121.1 | 90.4 | 72.3 | 46.4 | 26.9 | 18.4 | 17.6 | 22.4 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 118.3 | (227.6) | 355.6 | 405.3 | (152.1) | 530.4 | 346.8 | 262.2 | (87.1) | (103.4) | 72.2 | 60.2 | (56.9) | (5.8) | (19.8) | 6.3 | (36.4) | (5.2) | 6.7 | 2.4 | 1.3 | (1) | (3.5) | ||||||||||
| Capital Expenditure | (25.7) | (28.7) | (38.2) | (27.0) | (25.7) | (19.9) | (24.4) | (33.4) | (18.1) | (16.7) | (25.3) | (15.1) | (17.1) | (8.3) | (7.3) | (3.0) | (2.9) | (1.6) | (0.2) | 0 | 0 | 0 | 0 | ||||||||||
| Free Cash Flow | 92.6 | (256.2) | 317.4 | 378.3 | (177.8) | 510.4 | 322.4 | 228.8 | (105.2) | (120.1) | 47.0 | 45.1 | (74.0) | (14.1) | (27.1) | 3.2 | (39.3) | (6.8) | 6.5 | 2.4 | 1.3 | (1) | (3.5) | ||||||||||