Murphy USA Inc. logo MUSA - Murphy USA Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 3
HOLD 6
SELL 2
STRONG
SELL
0
| PRICE TARGET: $504.25 DETAILS
HIGH: $600.00
LOW: $450.00
MEDIAN: $483.50
CONSENSUS: $504.25
DOWNSIDE: 7.09%
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 2012 Q3 2012 Q2 2012 Q1
Revenue
Revenue 4,819.3 4,743.6 5,110 5,005 4,525.4 4,710.4 5,238.5 5,451.7 4,843.7 5,068.9 5,797.9 5,585.4 5,077.2 5,366.3 6,194.7 6,766.7 5,118.4 4,767 4,600.4 4,456 3,537.1 2,860.9 2,839 2,379.6 3,184.8 3,460.2 3,657.6 3,800.4 3,116.4 3,501.7 3,788 3,829 3,244.2 3,379.5 3,236.4 3,211.1 2,999.6 3,055.8 3,042.7 3,005.8 2,490.3 2,837.2 3,382.5 3,468.0 2,920.8 3,608.9 4,622.6 4,757.9 4,164.3 3,897.8 4,686.9 4,843.5 4,358.0 4,997.5 4,966.0 4,990.3 4,701.7
Cost of Revenue 4,557.8 4,461 4,840.4 4,734.9 4,377 4,111.4 4,616.8 4,844.1 4,365.2 4,477.4 265.6 5,012.2 4,559.7 4,807.2 5,520.8 6,145.7 4,572.5 4,277 4,119.6 3,954.1 3,160.9 2,544.2 2,500.9 1,936.5 2,839.8 3,171.4 3,319.5 3,527 2,890.2 3,179.5 3,510.5 3,546.3 3,037.3 3,110.1 2,927 2,921.1 2,806.3 2,801.0 2,778.8 2,739.7 2,258.9 2,690.6 3,099.5 3,277.6 2,746.2 3,276.2 4,388.0 4,457.8 3,970.6 3,734.3 4,518.8 4,556.9 4,151.7 4,717.9 4,764.2 4,700.7 4,544.0
Gross Profit 261.5 282.6 269.6 270.1 148.4 599 621.7 607.6 478.5 591.5 5,532.3 573.2 517.5 559.1 673.9 621 545.9 490 480.8 501.9 376.2 316.7 338.1 443.1 345 288.8 338.1 273.4 226.2 322.2 277.5 282.7 206.9 269.4 309.4 290.0 193.3 254.8 264.0 266.0 231.3 146.5 283.0 190.4 174.5 332.7 234.6 300.1 193.8 163.5 168.1 286.6 206.3 279.6 201.7 289.6 157.7
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 0
SG&A Expenses 56.6 65.2 55.3 50.9 60.1 54.2 60 59.1 62.1 62.1 60 59.4 59 81.7 52.4 52.2 46.2 53.6 47.2 48.5 44.3 41.1 53.7 37.1 39.2 38.9 36 35.1 34.6 33.9 32.6 35.2 34.5 40.0 31.5 31.3 38.2 28.1 30.7 32.3 31.5 32.3 33.0 33.2 31.5 33.0 30.1 29.7 28.1 24.2 46.1 29.3 32.2 27.1 27.8 30.7 31.0
Other Expenses 0 0 0 0 0 345.8 340.1 331.4 311.2 312.2 5,224.5 315.1 295.7 303.9 309.6 307.6 279 275.5 275.3 263.2 237.3 183.2 184.1 171.8 175 176.4 181.4 182.6 173 174.7 174.9 165.4 112.4 164.7 159.8 157.3 155.7 149.7 154.3 149.7 140.7 150.9 143.6 144.0 136.0 154.5 143.0 153.2 142.4 103.2 141.2 142.7 139.3 215.9 154.2 149.2 145.8
Operating Expenses 56.6 65.2 55.3 50.9 60.1 400 400.1 390.5 373.3 374.3 5,284.5 374.6 354.7 385.6 362 358.7 325.2 329.1 322.5 311.7 281.6 224.3 237.8 208.9 214.3 215.3 217.6 217.7 207.6 69.8 207.5 203.5 146.9 74.5 191.3 188.7 193.9 177.8 185.0 182.1 172.2 183.1 176.6 185.4 175.2 187.5 181.9 182.9 170.5 127.4 201.1 172.0 171.5 243.0 182.0 179.9 176.7
Operating Income
Operating Income 204.9 217.4 214.3 219.2 88.3 199 221.6 217.1 105.2 217.2 247.3 198.7 162.8 173.5 311.9 262.3 220.7 160.9 158.3 190.2 94.6 92.4 100.3 235.5 130.8 73.5 120.7 55.7 18.6 113 70 82.1 60 64.6 118 101.3 2.9 77.0 79.3 84.5 59.2 54.4 106.4 52.0 42.0 145.2 99.5 117.2 23.2 36.1 57.1 114.6 34.7 36.6 19.7 109.7 (19.1)
Interest Expense 29 28.6 29.1 27.8 25.4 22.9 24.4 24.9 24.9 24 24.6 25 24.9 23.7 22 20.5 19.6 20.2 20.5 20.4 21.3 12.5 12.4 13 13.3 12.8 15.3 13.2 13.6 13.3 13.2 13.4 13 12.8 12.7 11.6 9.4 9.9 10.2 10.2 9.4 8.5 8.4 8.3 8.3 8.4 8.6 10.5 9.1 9.6 4.7 0.0 0.1 0.2 0.1 0.1 0.1
Interest Income 0.3 0.1 0.1 0 0 0 0 0 0 0 0 0 0 1.2 1.4 0.4 0 0 0.1 0 0 0 0 0.2 0.8 0.8 0.8 0.9 0.7 0.7 0.2 0.3 0.3 0.5 0.5 0.3 0 0.1 0.1 0.2 0.1 0.3 0.0 0.0 1.9 0.2 0.0 0.0 0.0 0.0 0.4 0.5 0.3 0.1 0.0 0.0 0.0
Profitability
EBITDA 277.9 290.9 285.1 286 157.4 267.9 285.9 277.4 165.5 278.1 306.3 259.3 220.2 231.7 367 317.2 276.3 216.2 212.2 244.5 146.2 134.9 141.5 276 170.6 113.1 144.8 92.7 59.2 148.9 104.9 116 92.6 97.9 150.8 129.6 27.1 103.0 107.9 108.6 82.8 77.3 128.2 73.6 63.5 160.7 119.3 137.8 43.2 51.8 82.2 133.6 53.1 55.4 39.2 128.6 (0.3)
EBIT 204.9 217.4 214.3 219.2 88.3 200.7 223.1 218.1 106.8 220.3 248 200.7 163.9 175.1 312 261.5 220 160.5 158.2 190.4 94.6 93.2 100.5 236 130.6 74.7 106.6 56.5 19.5 113.8 70.2 82.5 60.3 64.0 121.4 101.7 (0.3) 76.8 81.9 84.3 59.2 53.0 106.4 47.1 49.3 155.4 99.6 118.1 23.5 36.2 63.4 115.1 35.0 35.6 19.9 109.8 (19.0)
Income Before Tax 176.2 181.4 173.4 192.5 61.9 177.8 198.7 193.2 81.9 196.3 223.4 175.7 139 151.4 290.7 241.3 200.4 140.9 137.7 170 73.3 80.7 88.1 223 117.3 61.9 91.3 43.3 5.9 100.5 57 69.1 47.3 51.2 108.7 90.0 (9.8) 66.8 71.8 74.1 139.3 44.5 94.1 38.8 40.9 147.0 91.0 107.6 14.5 49.0 67.5 115.1 34.9 35.5 19.8 109.6 (19.1)
Income Tax Expense 39.9 39.5 43.5 46.9 8.7 35.3 49.5 48.4 15.9 46.3 55.7 42.9 32.7 33.7 71.2 58 48 32.1 33.7 41.2 18 19.7 21.2 54.1 28 14.3 22.1 10.6 0.6 23 12 17.3 8 (73.6) 40.8 34.4 (6.8) 23.0 26.3 27.8 53.5 15.3 34.0 14.0 17.4 48.7 34.4 34.4 5.6 19.5 22.8 44.8 14.3 16.4 8.8 43.5 (6.5)
Net Income 136.3 141.9 129.9 145.6 53.2 142.5 149.2 144.8 66 150 167.7 132.8 106.3 117.7 219.5 183.3 152.4 108.8 104 128.8 55.3 61 66.9 168.9 89.3 47.6 69.2 32.7 5.3 77.5 45 51.8 39.3 124.8 67.9 55.6 (3.0) 43.8 45.5 46.3 85.9 66.7 60.5 26.2 22.9 98.3 62.7 73.2 9.6 93.6 41.7 77.6 22.0 19.1 11.0 66.2 (12.7)
Per Share Data
EPS (Basic) 7.36 7.61 6.83 7.45 2.67 7.07 7.30 7.02 3.17 7.12 7.83 6.12 4.89 5.31 9.46 7.65 6.18 4.30 4.03 4.85 2.04 2.19 2.30 5.79 2.95 1.56 2.20 1.02 0.16 2.40 1.40 1.59 1.17 3.62 1.92 1.52 -0.08 1.16 1.17 1.18 2.10 1.60 1.42 0.59 0.50 2.15 1.37 1.58 0.21 2.00 0.89 1.66 0.47 0.41 0.24 1.42 -0.27
EPS (Diluted) 7.28 7.53 6.75 7.37 2.63 6.96 7.20 6.92 3.12 7.00 7.69 6.02 4.80 5.21 9.28 7.53 6.08 4.23 3.98 4.79 2.01 2.16 2.27 5.73 2.92 1.54 2.18 1.01 0.16 2.38 1.38 1.58 1.16 3.58 1.90 1.51 -0.08 1.14 1.16 1.17 2.08 1.58 1.41 0.59 0.50 2.13 1.36 1.57 0.21 2.00 0.89 1.66 0.47 0.41 0.23 1.41 -0.27
Shares Outstanding 18.5 18.6 19.0 19.5 19.9 20.2 20.4 20.6 20.8 21.1 21.4 21.7 21.7 22.1 23.2 24.0 24.7 25.3 25.8 26.6 27.1 27.9 29.1 29.2 30.2 30.5 31.4 32.1 32.2 32.3 32.2 32.5 33.7 34.5 35.4 36.5 36.9 37.9 38.9 39.4 40.9 41.7 42.4 44.1 45.6 45.7 45.7 46.2 46.8 46.7 46.7 46.7 46.7 46.7 46.7 46.7 46.7
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 118.6 28.9 42.8 54.1 49.4 47 52.5 79.8 56.7 117.8 124.8 92.9 102.1 60.5 192.7 240.4 356.2 256.4 301.3 165 304.1 163.6 317.5 403.6 200.3 280.3 247.7 178.6 180.4 184.5 75.4 71.9 144.1 170.0 169.0 197.1 36.3 153.8 206.7 254.2 195.7
Short-Term Investments 0 0 0 0 0 0 1.5 4.5 6.1 7.1 8.5 13 13.5 17.9 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
Net Receivables 354.1 276.2 304.1 296.3 272.1 268.5 262.6 386.5 380.5 336.7 344.2 270.7 264.7 281.7 257.7 296.8 260.4 195.7 208.4 260.2 182.1 168.8 142.7 161.3 136.3 172.9 164.3 236.3 227.3 138.8 231.2 230.5 198 225.3 192.4 164.4 156.5 183.5 139.7 148.2 128.1
Inventory 363.3 413 387.2 397.5 364.4 401.6 341.2 315.9 292.7 341.2 335.4 349.9 303.6 319.1 280.4 314 265.9 292.3 289.3 311.7 283 279.1 268.1 257.7 243.5 227.6 233.8 211.3 178.7 221.5 215.1 205.1 148.5 182.5 200.8 179.0 166.5 153.4 152.5 152.5 155.4
Other Current Assets 35.1 29.7 29.2 28.5 30.5 31 31.3 33.4 31.7 23.7 0.5 1.6 0.9 47.6 0 1.6 1.6 23.4 0.9 0 0 0 14.9 17.7 22.5 1 1 1.5 1.5 1 1.7 2 2 2.7 2.8 2.5 0 1.8 0 2 1
Total Current Assets 871.1 747.8 763.3 776.4 716.4 748.1 689.1 820.1 767.7 826.5 840.3 763.2 711.3 726.8 763.2 882.3 910.8 767.8 826.6 764.7 793.4 625.2 743.2 840.3 602.6 710.8 664.9 656.3 612.9 570.1 541.3 536.5 518.2 614.3 575.8 565.7 396.9 515.6 528.1 572.0 490.6
Non-Current Assets
Property, Plant & Equipment 3,504.9 3,489.1 3,424.9 3,357.7 3,298.4 3,306.1 3,224.7 3,118.9 3,046.5 3,023.9 2,972 2,948.9 2,919.5 2,908.9 2,890.3 2,853.3 2,812.1 2,797.6 2,784.1 2,738.2 2,697 2,015.3 2,000.3 1,976.4 1,937.2 1,931.5 1,782.6 1,753.4 1,738.1 1,748.2 1,741.9 1,714.6 1,691.1 1,679.5 1,659.4 1,613.2 1,565.2 1,532.7 1,488.3 1,430.8 1,385.3
Goodwill 328 328 328 328 328 328 328 328 328 328 328 328 328 328 328 328 328 328 329.1 329.1 336.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 139.3 139.3 139.4 145.9 139.5 139.5 139.6 139.6 139.7 139.8 139.9 140.2 140.3 140.4 140.4 140.5 140.6 140.7 141.1 141.2 141.3 34.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 3 4.5 4.4 7.4 7.4 4.4 4.4 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
Other Non-Current Assets 23.1 21.6 21 20.7 20.2 19.9 21 20.3 20.6 17.5 17.7 17.1 15.7 14.7 13.2 13.7 14.7 14.1 13.4 12.9 12.5 10.6 44.7 44.0 43.6 44.9 169.2 161.6 153.4 42.5 42.4 41.7 43.2 37.3 44.3 44.2 40.6 40.5 40.5 81.0 144.6
Total Non-Current Assets 3,995.3 3,978 3,913.3 3,852.3 3,786.1 3,793.5 3,713.3 3,609.8 3,539.3 3,513.6 3,465 3,441.6 3,407.9 3,396.4 3,371.9 3,335.5 3,295.4 3,280.4 3,267.7 3,221.4 3,187.2 2,060.5 2,045.0 2,020.4 1,980.8 1,976.4 1,951.8 1,915 1,891.5 1,790.7 1,784.3 1,756.3 1,734.3 1,716.7 1,703.7 1,657.4 1,605.8 1,573.2 1,528.8 1,511.9 1,529.9
Total Assets 4,866.4 4,725.8 4,676.6 4,622.2 4,502.5 4,541.6 4,402.4 4,429.9 4,307 4,340.1 4,305.3 4,204.8 4,119.2 4,123.2 4,135.1 4,217.8 4,206.2 4,048.2 4,094.3 3,986.1 3,980.6 2,685.7 2,788.2 2,860.7 2,583.4 2,687.2 2,616.7 2,571.3 2,504.4 2,360.8 2,325.6 2,292.8 2,252.5 2,331.0 2,279.5 2,223.2 2,002.7 2,088.7 2,056.8 2,083.8 2,020.5
Current Liabilities
Account Payables 1,018.6 865.2 843.6 915.9 855.6 518 780.3 924 830 505.4 729.4 732 687.7 547.6 725 775 731.5 392.5 678.3 670.2 638.4 261 435.1 454.2 393.7 280.8 495.6 557.5 512 274.9 519.6 529.1 475 339.6 454.1 394.3 387.6 310.0 376.9 401.1 356.9
Short-Term Debt 19.2 19 42.2 14.5 15.6 15.7 15.7 15.6 15.3 15 4 4 4 15 15.2 3.9 4 15 4 14.2 13.2 51.2 58.9 58.7 58.1 37.6 21.3 21.3 21.3 21.2 21.2 21.1 19.9 19.9 19.7 15.0 67.2 40.6 40.5 30.4 30.3
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 0 0 0 0 0 39.9 0 0 0 50.1 11.6 0 3.1 34.9 0 1 35.1 32 8.6 0 0 32.5 0 0 0 15.9 0 0 187.8 116.3 0 0 1.2 114.8 12.2 0 0 0 0 24.2 12.9
Total Current Liabilities 1,049.8 929.1 940.2 976.1 891.8 947.9 858.8 970.7 884.7 872.8 827.2 815.3 772 854.2 755.5 852.7 840.8 675.3 718.9 696.4 675 531.1 513.4 553.7 457.9 505 516.9 578.8 721.1 478.1 540.8 550.2 496.1 533.4 486.0 409.3 454.9 514.6 417.4 455.7 400.1
Non-Current Liabilities
Long-Term Debt 2,137.3 2,698.2 2,120.6 2,066.7 1,974.2 1,832.7 1,820 1,781.4 1,783.1 1,784.7 1,669.1 1,669 1,669.2 1,791.9 1,794 1,669.4 1,669.4 1,800.1 1,669.6 1,794.4 1,796.8 951.2 962.3 974.1 986.3 998.1 966.4 833.6 838 842.1 846.6 850.8 856.4 860.9 865.0 869.1 620.2 629.6 638.9 648.3 657.8
Deferred Tax Liabilities 397.9 388.5 370.4 343.3 342 343.4 325.5 323 329 329.5 0 0 0 327.4 311.1 0 0 295.9 0 289.5 281.4 218.4 217.5 225.2 221.8 0 199 194.9 189.8 192.2 168.1 165.7 155.3 0 222.1 217.7 210.3 204.7 200.6 0 0
Other Non-Current Liabilities 90.1 (448.1) 83.1 81.6 80.5 81.2 80.3 78.9 76.5 73.9 397.8 406.1 401.8 64.8 62.2 371.7 365 60.8 349.4 64 64.5 58.4 57.7 52.2 46.1 261.4 41.7 147.7 39.7 41.1 41.2 39.8 39.4 198.4 41.3 46.5 44.6 42.8 40.8 222.0 237.1
Total Non-Current Liabilities 3,157.9 3,173.2 3,190.4 3,000 2,891.1 2,753.6 2,713.5 2,647.9 2,640.7 2,638.4 2,634 2,638.7 2,630.4 2,628.3 2,613.6 2,602.4 2,573.9 2,565.7 2,550.6 2,531.8 2,525 1,370.5 1,379.1 1,389 1,378.7 1,379.2 1,320.8 1,176.2 1,173.3 1,075.4 1,055.9 1,056.3 1,051.1 1,059.3 1,128.4 1,133.3 875.1 877.1 880.3 870.2 894.9
Total Liabilities 4,207.7 4,102.3 4,130.6 3,976.1 3,782.9 3,701.5 3,572.3 3,618.6 3,525.4 3,511.2 3,461.2 3,454 3,402.4 3,482.5 3,369.1 3,455.1 3,414.7 3,241 3,269.5 3,228.2 3,200 1,901.6 1,892.5 1,942.7 1,836.6 1,884.2 1,837.7 1,755 1,706.6 1,553.5 1,596.7 1,606.5 1,547.2 1,592.6 1,614.4 1,542.5 1,330.0 1,391.7 1,297.6 1,325.9 1,294.9
Stockholders' Equity
Common Stock 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Retained Earnings 4,296.8 4,172.3 4,042.2 3,922.4 3,786.7 3,743.4 3,610.8 3,470.9 3,335.2 3,278.1 3,136.8 2,977.7 2,853.2 2,755.1 2,645.3 2,433.3 2,257.6 2,112.4 2,011 1,913.6 1,791.5 1,743.1 1,689.1 1,622.2 1,453.3 1,362.9 1,315.3 1,246.1 1,213.4 1,208.1 1,130.6 1,085.6 1,033.8 994.5 869.7 801.8 746.2 749.3 705.5 660.0 613.7
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 (0.1) (0.3) (0.5) (0.7) (0.8) (1) (1.2) (1.3) (1.5) (1.7) (1.9) (2.1) (2.5) (2) 0.7 0 0 0 0 0 0 0 0 0 0 0 0 0 (732.1) 0
Total Stockholders' Equity 658.7 623.5 546 646.1 719.6 840.1 830.1 811.3 781.6 828.9 844.1 750.8 716.8 640.7 766 762.7 791.5 807.2 824.8 757.9 780.6 784.1 895.7 918 746.8 803 779 816.3 797.8 807.3 728.9 686.3 705.3 738.4 665.1 680.6 672.8 697.1 759.2 757.9 725.6
Total Liabilities & Equity 4,866.4 4,725.8 4,676.6 4,622.2 4,502.5 4,541.6 4,402.4 4,429.9 4,307 4,340.1 4,305.3 4,204.8 4,119.2 4,123.2 4,135.1 4,217.8 4,206.2 4,048.2 4,094.3 3,986.1 3,980.6 2,685.7 2,788.2 2,860.7 2,583.4 2,687.2 2,616.7 2,571.3 2,504.4 2,360.8 2,325.6 2,292.8 2,252.5 2,331.0 2,279.5 2,223.2 2,002.7 2,088.7 2,056.8 2,083.8 2,020.5
Debt Metrics
Total Debt 2,689.1 3,251.8 2,779.1 2,589.6 2,484.2 2,368.4 2,323.4 2,261.6 2,250.5 2,272.1 2,272.8 2,268.4 2,264.2 2,271.6 2,255.5 2,264.6 2,242.2 2,242.1 2,233.2 2,192.5 2,192.3 1,144.9 1,162.8 1,170.3 1,168.9 1,163.4 987.7 854.9 859.3 863.3 867.8 871.9 876.3 880.8 884.7 884.0 687.4 670.2 679.4 678.6 688.1
Net Debt 2,570.5 3,222.9 2,736.3 2,535.5 2,434.8 2,321.4 2,270.9 2,181.8 2,193.8 2,154.3 2,148 2,175.5 2,162.1 2,211.1 2,062.8 2,024.2 1,886 1,985.7 1,931.9 2,027.5 1,888.2 981.3 845.3 766.7 968.6 883.1 740 676.3 678.9 678.8 792.4 800 732.2 710.7 715.7 686.9 651.2 516.4 472.7 424.4 492.4
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 136.3 141.9 129.9 145.6 53.2 142.5 149.2 144.8 66 150 167.7 132.8 106.3 117.7 219.5 183.3 152.4 108.8 104 128.8 55.3 61 66.9 168.9 89.3 47.6 69.2 32.7 5.3 77.5 45 51.8 39.3 124.8 67.9 55.5 (3.0) 43.8 45.5 46.3 85.9
Depreciation & Amortization 72.1 72.7 70.8 66 68.2 68 63.6 60.1 59.5 57.8 57.5 57.8 56.4 55.9 54.4 54.7 55.4 55.1 53.2 53.3 51 41.5 40.6 39.5 39.4 38.4 37.6 36.5 39.7 35 34.7 33 31.8 33.5 29 27.5 27.5 25.9 25.6 23.7 23.5
Stock-Based Compensation (21.8) (0.7) 0 0 0 0 0 0 0 0 0 0 0 (2.3) 0 0 0 0 2.6 (0.5) 3.6 0 0 0 (5.6) (4.5) 0 0 0 (9.4) 0 0 0 0 2.2 0 1.2 0 0 0 0
Change in Working Capital 95.1 11.1 (55.5) 41.4 7.3 9 (13.6) 60.5 11.5 63.6 (27.1) (22.8) (30.4) 26 (29) (65.1) 123.2 (24.8) 103.2 (89.9) 119.4 (10.9) (25.4) 48.9 (21.4) (41.6) (3.2) (2.2) 1.7 18.1 (11.2) (40.6) 35 21.3 26.4 (4.3) (79.5) 48.3 (53.6) 32.6 24.8
Other Non-Cash Items 38.3 20.5 12.5 0.8 1.2 11.2 (3.6) 1.4 (0.5) (0.2) 1.2 0.6 10.8 9.4 8.2 (1.2) 0.7 (0.5) (2.3) 1.3 (3.2) 3.5 11.5 7.4 6.1 5 18.9 4.7 3.8 12.1 4.1 4.4 0.2 5.5 (4.0) 0.3 2.4 6.8 0.7 3.4 (86.1)
Operating Cash Flow 320 245.5 184.8 255.1 128.5 248.7 202.1 260.8 136 273.1 190 171.2 149.7 223.2 255 177.3 339.2 150.4 256.2 101 229.8 95.9 85.9 268.2 113.7 61.7 126.7 76.8 48.1 157.3 75.1 58.9 107.4 117.3 125.9 86.4 (45.9) 127.6 41.2 91.7 76.9
Investing Activities
Capital Expenditure (98.3) (116.7) (117.1) (118) (87.8) (127) (136.9) (118) (76.2) (111) (79.4) (72.5) (72.7) (82.2) (78.2) (80.9) (64) (63.1) (74.8) (83.2) (53.6) (61.3) (63.7) (59.1) (46.6) (51.1) (67.1) (56.1) (30.5) (41.3) (60.7) (53.6) (48.7) (56.7) (67.4) (68.3) (65.9) (63.2) (82.3) (69.3) (47.3)
Acquisitions 0 0 0.5 1.5 0.3 0.1 0 0 0 0.1 0 0 0 0 0 0 0 0 0 1 (642.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 (1.5) (2.9) 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
Sales/Maturities of Investments 0 0 0 0 0 1.5 6 3 1 6 7.5 6 4.5 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 Investing Activities (98.5) (114.8) (0.3) (0.1) (0.2) 0.5 (0.6) 0.5 0.3 (0.2) 0.1 (6.8) (0.8) (21.9) 0.4 7.9 (0.4) 2.6 (0.6) 0.2 (0.6) 0.3 (0.4) 7.1 (0.6) 0 0.8 (0.1) 1 (0.1) (1) (0.1) (3.6) 0.1 (0.5) (3.9) 0.5 2.6 40.1 63.5 21.1
Investing Cash Flow (98.5) (114.8) (116.9) (116.6) (87.7) (124.9) (131.5) (114.5) (74.9) (106.6) (74.7) (73.3) (69) (104.1) (77.8) (73) (64.4) (60.5) (75.4) (82) (696.3) (61) (64.1) (52) (47.2) (51.1) (66.3) (56.2) (29.5) (41.4) (61.7) (53.7) (52.3) (56.7) (67.8) (72.2) (65.4) (60.6) (42.2) (5.8) (26.2)
Financing Activities
Net Debt Issuance (27.8) (65.2) 153.7 90.4 140 11 37.1 (3.9) (3.9) (3.8) (3.9) (3.9) (3.8) (3.8) (3.8) (3.8) (3.8) (3.8) (3.6) (2.5) 678.4 (12.8) (12.9) (12.9) (0.3) 49.8 131.3 (5.3) (5.4) (5.4) (5.3) (5.3) (5.3) (5.3) (0.3) 196.6 16.3 (10.2) (0.1) (10.1) 199.9
Stock Repurchased (70.5) (66.9) (219.2) (213.8) (150) (128) (125.2) (106.1) (86.4) (160.5) (64.8) (94.2) (13.7) (239.5) (211.5) (203.6) (151.8) (123.5) (33.2) (148.3) (50) (169.1) (89.9) (89.9) (140.6) (26.7) (109) (16.8) (13.3) 144.4 0 (72.7) (71.7) (54.0) (85.7) (48.9) (17.4) (110.9) (45.2) (17.1) (150.0)
Dividends Paid (11.7) (11.8) (10.1) (9.8) (9.8) (9.7) (9.2) (9.1) (8.8) (8.7) (8.4) (8.2) (8.1) (7.8) (7.5) (7.4) (7.2) (7.4) (6.4) (6.7) (6.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (21.8) (0.7) (3.6) (0.6) (18.6) (2.6) (0.6) (4.1) (23.1) (0.5) (6.3) (0.8) (13.5) (0.2) (2.1) (5.3) (12.2) (0.1) (1.3) (0.6) (14.6) (6.9) (5.1) 89.9 (5.6) (1.1) (13.6) (0.3) (4) (1.4) (4.6) (0.5) (2.9) (0.3) (0.2) (1) (5.1) 1.2 (1.2) (0.2) (7.2)
Financing Cash Flow (131.8) (144.6) (79.2) (133.8) (38.4) (129.3) (97.9) (123.2) (122.2) (173.5) (83.4) (107.1) (39.1) (251.3) (224.9) (220.1) (175) (134.8) (44.5) (158.1) 607 (188.8) (107.9) (12.9) (146.5) 22 8.7 (22.4) (22.7) (6.8) (9.9) (78.5) (79.9) (59.6) (86.2) 146.7 (6.2) (119.9) (46.5) (27.4) 42.7
Cash Position
Net Change in Cash 89.7 (13.9) (11.3) 4.7 2.4 (5.5) (27.3) 23.1 (61.1) (7) 31.9 (9.2) 41.6 (132.2) (47.7) (115.8) 99.8 (44.9) 136.3 (139.1) 140.5 (153.9) (86.1) 203.3 (80) 32.6 69.1 (1.8) (4.1) 109.1 3.5 (73.3) (24.8) 1.0 (28.1) 160.8 (117.6) (52.9) (47.5) 58.5 93.4
Cash at Beginning 28.9 42.8 54.1 49.4 47 52.5 79.8 56.7 117.8 124.8 92.9 102.1 60.5 192.7 240.4 356.2 256.4 301.3 165 304.1 163.6 317.5 403.6 200.3 280.3 247.7 178.6 180.4 184.5 75.4 71.9 145.2 170 169.0 197.1 36.3 153.8 206.7 254.2 195.7 102.3
Cash at End 118.6 28.9 42.8 54.1 49.4 47 52.5 79.8 56.7 117.8 124.8 92.9 102.1 60.5 192.7 240.4 356.2 256.4 301.3 165 304.1 163.6 317.5 403.6 200.3 280.3 247.7 178.6 180.4 184.5 75.4 71.9 145.2 170.0 169 197.1 36.3 153.8 206.7 254.2 195.7
Free Cash Flow 221.7 128.8 67.7 137.1 40.7 121.7 65.2 142.8 59.8 162.1 110.6 98.7 77 141 176.8 96.4 275.2 87.3 181.4 17.8 176.2 34.6 22.2 209.1 67.1 10.6 59.6 20.7 17.6 116 14.4 5.3 58.7 60.5 58.5 18.1 (111.8) 64.4 (41.1) 22.4 29.6
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 2012 Q3 2012 Q2 2012 Q1
Income Statement
Revenue 4,819.3 4,743.6 5,110 5,005 4,525.4 4,710.4 5,238.5 5,451.7 4,843.7 5,068.9 5,797.9 5,585.4 5,077.2 5,366.3 6,194.7 6,766.7 5,118.4 4,767 4,600.4 4,456 3,537.1 2,860.9 2,839 2,379.6 3,184.8 3,460.2 3,657.6 3,800.4 3,116.4 3,501.7 3,788 3,829 3,244.2 3,379.5 3,236.4 3,211.1 2,999.6 3,055.8 3,042.7 3,005.8 2,490.3 2,837.2 3,382.5 3,468.0 2,920.8 3,608.9 4,622.6 4,757.9 4,164.3 3,897.8 4,686.9 4,843.5 4,358.0 4,997.5 4,966.0 4,990.3 4,701.7
Gross Profit 261.5 282.6 269.6 270.1 148.4 599 621.7 607.6 478.5 591.5 5,532.3 573.2 517.5 559.1 673.9 621 545.9 490 480.8 501.9 376.2 316.7 338.1 443.1 345 288.8 338.1 273.4 226.2 322.2 277.5 282.7 206.9 269.4 309.4 290.0 193.3 254.8 264.0 266.0 231.3 146.5 283.0 190.4 174.5 332.7 234.6 300.1 193.8 163.5 168.1 286.6 206.3 279.6 201.7 289.6 157.7
Operating Income 204.9 217.4 214.3 219.2 88.3 199 221.6 217.1 105.2 217.2 247.3 198.7 162.8 173.5 311.9 262.3 220.7 160.9 158.3 190.2 94.6 92.4 100.3 235.5 130.8 73.5 120.7 55.7 18.6 113 70 82.1 60 64.6 118 101.3 2.9 77.0 79.3 84.5 59.2 54.4 106.4 52.0 42.0 145.2 99.5 117.2 23.2 36.1 57.1 114.6 34.7 36.6 19.7 109.7 (19.1)
Net Income 136.3 141.9 129.9 145.6 53.2 142.5 149.2 144.8 66 150 167.7 132.8 106.3 117.7 219.5 183.3 152.4 108.8 104 128.8 55.3 61 66.9 168.9 89.3 47.6 69.2 32.7 5.3 77.5 45 51.8 39.3 124.8 67.9 55.6 (3.0) 43.8 45.5 46.3 85.9 66.7 60.5 26.2 22.9 98.3 62.7 73.2 9.6 93.6 41.7 77.6 22.0 19.1 11.0 66.2 (12.7)
EPS (Diluted) 7.28 7.53 6.75 7.37 2.63 6.96 7.20 6.92 3.12 7.00 7.69 6.02 4.80 5.21 9.28 7.53 6.08 4.23 3.98 4.79 2.01 2.16 2.27 5.73 2.92 1.54 2.18 1.01 0.16 2.38 1.38 1.58 1.16 3.58 1.90 1.51 -0.08 1.14 1.16 1.17 2.08 1.58 1.41 0.59 0.50 2.13 1.36 1.57 0.21 2.00 0.89 1.66 0.47 0.41 0.23 1.41 -0.27
Balance Sheet
Cash & Equivalents 118.6 28.9 42.8 54.1 49.4 47 52.5 79.8 56.7 117.8 124.8 92.9 102.1 60.5 192.7 240.4 356.2 256.4 301.3 165 304.1 163.6 317.5 403.6 200.3 280.3 247.7 178.6 180.4 184.5 75.4 71.9 144.1 170.0 169.0 197.1 36.3 153.8 206.7 254.2 195.7
Total Assets 4,866.4 4,725.8 4,676.6 4,622.2 4,502.5 4,541.6 4,402.4 4,429.9 4,307 4,340.1 4,305.3 4,204.8 4,119.2 4,123.2 4,135.1 4,217.8 4,206.2 4,048.2 4,094.3 3,986.1 3,980.6 2,685.7 2,788.2 2,860.7 2,583.4 2,687.2 2,616.7 2,571.3 2,504.4 2,360.8 2,325.6 2,292.8 2,252.5 2,331.0 2,279.5 2,223.2 2,002.7 2,088.7 2,056.8 2,083.8 2,020.5
Total Debt 2,689.1 3,251.8 2,779.1 2,589.6 2,484.2 2,368.4 2,323.4 2,261.6 2,250.5 2,272.1 2,272.8 2,268.4 2,264.2 2,271.6 2,255.5 2,264.6 2,242.2 2,242.1 2,233.2 2,192.5 2,192.3 1,144.9 1,162.8 1,170.3 1,168.9 1,163.4 987.7 854.9 859.3 863.3 867.8 871.9 876.3 880.8 884.7 884.0 687.4 670.2 679.4 678.6 688.1
Stockholders' Equity 658.7 623.5 546 646.1 719.6 840.1 830.1 811.3 781.6 828.9 844.1 750.8 716.8 640.7 766 762.7 791.5 807.2 824.8 757.9 780.6 784.1 895.7 918 746.8 803 779 816.3 797.8 807.3 728.9 686.3 705.3 738.4 665.1 680.6 672.8 697.1 759.2 757.9 725.6
Cash Flow
Operating Cash Flow 320 245.5 184.8 255.1 128.5 248.7 202.1 260.8 136 273.1 190 171.2 149.7 223.2 255 177.3 339.2 150.4 256.2 101 229.8 95.9 85.9 268.2 113.7 61.7 126.7 76.8 48.1 157.3 75.1 58.9 107.4 117.3 125.9 86.4 (45.9) 127.6 41.2 91.7 76.9
Capital Expenditure (98.3) (116.7) (117.1) (118) (87.8) (127) (136.9) (118) (76.2) (111) (79.4) (72.5) (72.7) (82.2) (78.2) (80.9) (64) (63.1) (74.8) (83.2) (53.6) (61.3) (63.7) (59.1) (46.6) (51.1) (67.1) (56.1) (30.5) (41.3) (60.7) (53.6) (48.7) (56.7) (67.4) (68.3) (65.9) (63.2) (82.3) (69.3) (47.3)
Free Cash Flow 221.7 128.8 67.7 137.1 40.7 121.7 65.2 142.8 59.8 162.1 110.6 98.7 77 141 176.8 96.4 275.2 87.3 181.4 17.8 176.2 34.6 22.2 209.1 67.1 10.6 59.6 20.7 17.6 116 14.4 5.3 58.7 60.5 58.5 18.1 (111.8) 64.4 (41.1) 22.4 29.6