National Bank Holdings Corporation logo NBHC - National Bank Holdings Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 2
HOLD 7
SELL 1
STRONG
SELL
0
| PRICE TARGET: $52.00 DETAILS
HIGH: $52.00
LOW: $52.00
MEDIAN: $52.00
CONSENSUS: $52.00
UPSIDE: 23.72%
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 2011 Q4 2011 Q3 2011 Q2 2010 Q4 2010 Q3 2010 Q2
Revenue
Revenue 177.1 140.8 151.9 147.0 144.2 145.9 155.2 145.1 148.1 149.3 143.8 133.6 126.9 116.7 88.3 75.6 67.3 75.1 77.9 72.2 81.5 85.6 95.7 91.5 81.1 78.6 91.4 81.7 76.0 72.2 73.2 73.4 68.4 51.4 51.7 54.0 46.7 48.5 53.3 49.6 49.0 52.3 50.6 50.7 52.2 54.9 54.8 54.6 55.2 55.7 56.6 56.1 58.3 61.2 65.5 67.8 71.6 57.6 114.6 53.8 61.8 0.7 0.6
Cost of Revenue 54.3 40.1 42.5 43.8 53.5 47.9 52.4 51.6 47.7 49.8 39.5 33.0 19.5 30.8 16.0 5.3 2.5 3.1 3.2 (2.3) 0.4 4.7 6.8 16.7 14.5 10.4 15.3 12.9 9.8 9.6 6.9 7.4 5.2 8.2 8.6 8.5 5.8 5.2 9.0 10.2 14.1 9.0 7.3 5.5 5.1 5.0 5.1 5.2 5.3 4.6 4.4 5.9 5.9 7.8 11.8 20.2 17.5 14.5 13.6 18.6 0.1 0 0
Gross Profit 122.8 100.6 109.4 103.2 90.8 98.0 102.9 93.4 100.4 99.5 104.3 100.6 107.3 85.9 72.4 70.3 64.8 72.0 74.6 74.4 81.0 80.9 88.9 74.8 66.7 68.2 76.1 68.8 66.2 62.6 66.2 66.0 63.2 43.2 43.1 45.6 40.9 43.3 44.3 39.4 34.9 43.4 43.3 45.2 47.1 49.9 49.6 49.4 49.9 51.1 52.2 50.3 52.3 53.4 53.7 47.7 54.2 43.1 101.1 35.1 61.7 0.7 0.6
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 0 0 0 0 0 0
SG&A Expenses 2.2 38.4 39.8 39.7 36.6 37.9 39.7 39.1 38.8 37.0 37.8 37.9 36.0 30.7 32.0 29.9 30.5 33.7 35.9 34.8 36.8 36.4 42.0 39.7 36.1 33.9 36.7 34.1 31.7 30.0 31.8 33.2 37.0 24.3 22.5 22.7 23.3 22.1 23.0 22.8 23.6 26.1 31.2 32.2 33.7 32.8 26.6 26.9 26.9 27.6 29.3 27.6 25.6 0.5 34.4 25.6 25.1 29.7 29.6 21.7 22.9 1.1 2.4
Other Expenses 94.6 34.0 26.4 22.0 24.3 25.3 23.3 22.5 22.7 23.5 21.2 21.8 20.9 35.5 20.5 15.6 12.3 10.2 14.0 10.0 11.8 11.0 12.2 12.9 11.5 10.9 12.3 11.2 12.3 12.0 11.8 12.5 16.1 10.4 11.7 11.5 10.5 11.2 11.3 11.1 10.8 9.5 12.0 13.7 12.6 14.0 19.0 19.4 20.8 22.6 21.1 18.0 23.3 48.4 27.0 17.6 26.4 16.0 17.1 10.6 22.9 1.5 1.6
Operating Expenses 96.8 72.4 66.2 61.7 60.9 63.3 63.0 61.7 61.5 60.6 58.9 59.7 57.0 66.3 52.5 45.6 42.8 43.9 49.9 44.8 48.6 47.4 54.2 52.7 47.6 44.8 49.0 45.3 44.0 42.0 43.6 45.7 53.1 34.7 34.1 34.2 33.8 33.3 34.3 34.0 34.4 35.7 43.2 45.9 46.3 46.8 45.6 46.3 47.7 50.2 50.4 45.6 48.9 48.8 61.3 43.2 51.5 45.7 46.7 32.3 45.8 2.6 4.0
Operating Income
Operating Income 25.9 28.2 43.1 41.5 29.9 34.7 39.9 31.8 38.9 38.9 45.4 40.9 50.4 19.7 19.8 24.7 22.0 28.1 24.8 29.6 32.5 33.5 34.7 22.1 19.0 23.4 27.1 23.5 22.3 20.6 22.6 20.3 10.2 8.5 9.0 11.4 7.0 10.1 10.0 5.5 0.4 7.7 0.1 (0.6) 0.8 3.1 4.0 3.1 2.2 0.9 1.8 4.7 3.4 4.5 (7.7) 4.4 2.7 (2.7) 54.4 2.8 15.9 (1.9) (3.4)
Interest Expense 50.3 40.1 44.0 43.8 43.3 46.0 50.4 48.9 47.7 45.2 38.3 31.3 18.6 8.9 3.3 2.8 2.9 3.0 3.2 3.6 4.0 4.7 5.6 6.4 8.3 9.2 9.6 9.7 8.3 7.1 6.1 5.5 5.1 5.0 4.7 4.4 4.0 3.9 3.7 3.7 3.5 3.6 3.6 3.7 3.6 3.7 3.6 3.6 3.5 3.8 4.0 4.2 4.5 5.1 6.5 7.9 9.6 10.9 9.8 9.8 0 0 0
Interest Income 159.2 126.4 131.8 130.8 128.9 135.7 137.6 132.1 131.1 134.0 125.4 120.2 112.6 103.6 72.2 58.6 49.3 52.5 50.8 48.5 49.2 53.3 52.3 53.4 58.3 59.1 61.0 61.7 59.0 58.5 55.9 54.9 52.8 42.4 42.3 41.1 38.7 39.7 40.8 38.3 41.3 43.2 42.0 42.2 42.8 46.0 45.2 45.7 46.5 47.0 49.1 48.1 49.7 54.3 55.7 59.5 62.5 60.5 50.3 44.0 19.6 0.7 0.6
Profitability
EBITDA 25.9 30.1 50.7 47.5 36.2 41.0 45.7 37.8 44.9 45.2 51.5 47.2 55.5 25.4 23.7 28.2 25.4 30.1 28.6 33.3 36.6 36.1 38.9 26.1 22.6 27.3 30.8 28.3 24.8 23.2 25.5 23.4 13.1 11.5 12.2 14.7 10.4 13.4 13.5 9.1 4.3 11.6 3.9 3.2 4.7 6.8 7.8 7.3 6.4 5.1 5.8 8.6 7.2 (1.3) (4.3) 7.5 5.2 (0.3) 58.8 3.8 16.1 (1.9) (3.4)
EBIT 25.9 28.2 43.1 41.5 29.9 34.7 39.9 31.8 38.9 38.9 45.4 40.9 50.4 19.7 19.8 24.7 22.0 28.1 24.8 29.6 32.5 33.5 34.7 22.1 19.0 23.4 27.1 23.5 22.3 20.6 22.6 20.3 10.2 8.5 9.0 11.4 7.0 10.1 10.0 5.5 0.4 7.7 0.1 (0.6) 0.8 3.1 4.0 3.1 2.2 0.9 1.8 4.7 3.4 4.5 (7.7) 4.4 2.7 (2.7) 54.4 2.8 15.9 (1.9) (3.4)
Income Before Tax 25.9 19.1 43.1 41.5 29.9 34.7 39.9 31.8 38.9 38.9 45.4 40.9 50.4 19.7 19.8 24.7 22.0 28.1 24.8 29.6 32.5 33.5 34.7 22.1 19.0 23.4 27.1 23.5 22.3 20.6 22.6 20.3 10.2 8.5 9.0 11.4 7.0 10.1 10.0 5.5 0.4 7.7 0.1 (0.6) 0.8 3.1 4.0 3.1 2.2 0.9 1.8 4.7 3.4 4.5 (7.7) 4.4 2.7 (2.7) 54.4 2.8 15.9 (1.9) (3.4)
Income Tax Expense 5.2 3.1 7.9 7.5 5.6 6.5 6.8 5.6 7.5 5.8 9.3 8.4 10.1 3.0 4.0 4.4 3.6 5.3 5.0 5.4 5.7 6.3 6.8 4.4 3.2 3.9 5.4 3.2 3.4 3.4 4.4 2.8 1.7 18.6 1.7 2.2 (1.2) 0.1 1.7 1.0 0.2 4.4 (1.6) 0.7 (0.4) 0.8 0.7 0.9 0.8 (0.1) 0.9 1.8 1.3 1.5 0.2 1.7 1.1 0.3 20.6 1.1 3.0 0 0
Net Income 20.8 16.0 35.3 34.0 24.2 28.2 33.0 26.1 31.4 33.1 36.1 32.6 40.3 16.7 15.8 20.4 18.4 22.8 19.8 24.2 26.8 27.2 27.9 17.7 15.8 19.5 21.6 20.3 18.9 17.2 18.2 17.5 8.5 (10.1) 7.2 9.2 8.3 10.0 8.3 4.5 0.3 3.3 1.6 (1.3) 1.2 2.3 3.3 2.1 1.4 1 0.9 2.9 2.1 3.0 (7.9) 2.7 1.6 (3.0) 33.8 1.7 12.9 (1.9) (3.4)
Per Share Data
EPS (Basic) 0.54 0.42 0.92 0.89 0.63 0.73 0.86 0.68 0.82 0.87 0.95 0.86 1.07 0.44 0.51 0.67 0.61 0.75 0.64 0.78 0.87 0.88 0.91 0.57 0.51 0.62 0.69 0.65 0.61 0.56 0.59 0.57 0.28 -0.37 0.27 0.34 0.31 0.38 0.30 0.15 0.01 0.11 0.05 -0.04 0.03 0.06 0.08 0.05 0.03 0.02 0.02 0.06 0.04 0.06 -0.15 0.05 0.03 -0.06 0.65 0.03 0.25 -0.04 -0.07
EPS (Diluted) 0.54 0.42 0.92 0.88 0.63 0.73 0.86 0.68 0.82 0.87 0.94 0.85 1.06 0.44 0.50 0.67 0.60 0.74 0.64 0.77 0.86 0.87 0.90 0.57 0.50 0.62 0.69 0.64 0.60 0.55 0.58 0.56 0.27 -0.37 0.26 0.33 0.30 0.36 0.30 0.15 0.01 0.11 0.05 -0.04 0.03 0.06 0.08 0.05 0.03 0.02 0.02 0.06 0.04 0.06 -0.15 0.05 0.03 -0.06 0.65 0.03 0.25 -0.04 -0.07
Shares Outstanding 38.2 38.2 38.1 38.1 38.1 38.3 38.3 38.2 38.0 38.0 38.0 38.0 37.8 37.8 31.3 30.2 30.1 30.3 30.8 30.9 30.8 30.8 30.8 30.7 31.2 31.3 31.3 31.2 31.0 30.9 30.9 30.7 30.5 27.0 26.9 27.0 26.8 26.3 27.7 29.2 30.1 30.6 32.7 36.2 38.0 39.4 41.7 43.9 44.8 47.4 51.5 52.1 52.3 52.3 52.2 52.2 52.2 52.1 51.9 52.2 52.2 52.2 52.2
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 472.8 417.1 555.6 296.5 246.3 127.8 180.8 145.0 292.9 190.8 291.3 323.8 369.7 195.5 256.2 448.4 786.4 845.7 807.4 1,004.5 822.5 605.6 445.1 142.4 133.9 110.2 116.9 91.2 105.3 109.6 111.5 137.9 286.9 257.4 241.2 129.8 218.4 152.7 125.0 147.9 193.6
Short-Term Investments 605.2 528.6 612.7 631.9 634.4 527.5 709.0 691.1 685.7 628.8 620.4 659.3 695.5 706.3 730.8 805.9 790.4 691.8 657.8 605.8 666.9 662.0 572.5 610.7 629.4 638.2 661.1 710.2 749.5 791.1 796.5 856.8 917.9 855.3 812.1 866.7 921.9 884.2 968.9 1,046.0 1,108.4
Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21.6 26.0 24.2 26.6 18.2 20.7 16.9 18.0 17.8 20.3 14.5 19.7
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 1,078.0 945.7 1,168.3 928.4 880.7 655.4 889.8 836.1 978.6 819.7 911.7 983.2 1,065.2 901.8 987.0 1,254.2 1,576.8 1,537.5 1,464.7 1,609.8 1,488.9 1,267.5 1,017.1 752.6 762.8 748.4 777.5 800.9 854.3 922.3 934.0 1,018.9 1,231.3 1,131.0 1,073.9 1,013.5 1,158.3 1,054.8 1,114.2 1,208.5 1,321.7
Non-Current Assets
Property, Plant & Equipment 235.7 214.6 211.4 209.4 204.6 196.8 191.9 177.5 169.0 162.7 153.6 147.9 140.4 136.1 105.8 103.7 95.1 96.7 94.1 95.0 101.8 107.0 108.9 110.0 112.4 112.2 110.7 111.2 109.6 110.0 110.8 111.4 112.0 93.7 91.7 92.3 94.5 95.7 96.9 98.6 102.6
Goodwill 454.7 306.0 306.0 306.0 306.0 306.0 306.0 306.0 306.0 306.0 306.0 306.0 279.1 279.1 167.9 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 114.9 59.6 59.6 59.6 59.6 59.6 59.6 59.6 59.6
Intangible Assets 67.4 48.3 50.3 52.5 54.5 58.4 60.4 62.4 64.2 66.0 68.3 74.9 58.6 59.9 30.8 14.6 13.5 12.3 11.6 22.4 20.2 17.9 15.0 12.2 10.5 11.4 11.6 12.3 13.0 13.5 13.9 14.7 15.6 1.6 2.8 4.2 5.6 6.9 8.3 9.7 11.1
Long-Term Investments 0 0 8,108.9 8,184.8 8,323.4 8,262.8 8,222.1 8,244.7 8,105.0 8,254.3 8,053.5 7,966.3 7,917.5 7,855.9 6,359.7 5,457.4 5,337.2 5,211.8 5,220.3 5,088.9 4,997.9 4,918.4 5,088.1 5,142.0 4,775.1 4,676.7 4,757.8 4,602.4 4,490.9 4,361.6 4,238.6 4,204.8 4,032.1 3,424.1 3,389.5 3,365.8 3,252.6 3,200.2 3,170.3 3,089.3 2,966.9
Other Non-Current Assets 0 0 307.7 (8,184.8) 329.7 328.3 323.1 344.2 344.7 342.3 373.2 393.6 456.4 340.4 271.7 223.1 203.9 240.5 194.8 204.5 225.1 234.1 256 253.1 252.0 231.9 216.9 215.8 219.3 125.9 140.6 148.1 115.5 97.8 100.7 104.2 103.1 103.0 111.4 113.2 104.2
Total Non-Current Assets 757.7 568.9 8,984.4 568.0 9,218.2 9,152.3 9,103.5 9,134.8 8,988.9 9,131.4 8,954.5 8,888.8 8,852.0 8,671.4 6,935.9 5,913.8 5,764.7 5,676.5 5,635.8 5,525.8 5,460.1 5,392.4 5,583.1 5,632.3 5,265.0 5,147.1 5,212.0 5,056.6 4,947.9 4,754.4 4,651.1 4,628.4 4,426.3 3,712.5 3,695.0 3,679.3 3,570.0 3,518.3 3,492.3 3,419.3 3,294.3
Total Assets 12,614.4 9,883.5 10,152.7 9,998.7 10,098.9 9,807.7 9,993.3 9,970.9 9,967.5 9,951.1 9,866.3 9,872.0 9,917.2 9,573.2 7,922.9 7,168.0 7,341.5 7,214.0 7,101.0 7,136.1 6,949.5 6,659.9 6,600.7 6,385.4 6,028.3 5,895.5 5,990.1 5,858.0 5,802.7 5,676.7 5,585.1 5,647.3 5,657.6 4,843.5 4,769.0 4,692.8 4,728.3 4,573.0 4,606.4 4,627.8 4,616.0
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.0 7.7 6.1 7.2 5.8 6.7 5.1 6.2 5.0 5.9 4.5 5.2
Short-Term Debt 17.0 17.4 21.3 18.5 20.7 18.9 19.5 19.5 19.6 19.6 20.3 21.4 21.5 20.2 20.0 24.4 24.7 22.8 21.4 23.0 19.4 22.9 23.9 24.5 23.7 56.9 62.7 60.4 59.5 66.0 55.7 73.4 141.2 130.5 92.8 119.2 91.7 92.0 113.3 126.1 86.4
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 3,441.2 8,471.7 8,269.5 8,424.2 8,237.9 8,497.1 8,376.9 8,517.8 8,190.4 8,149.0 8,120.9 7,581.7 7,872.6 6,803.6 6,194.4 6,364.8 6,228.2 6,134.6 6,158.1 6,001.6 5,676.2 5,616.5 5,413.9 4,741.9 4,737.1 4,733.9 4,688.0 4,714.4 4,535.6 4,614.0 4,631.5 4,709.3 3,979.6 3,946.3 3,857.5 3,967.9 3,868.6 3,825.0 3,800.9 3,839.7
Total Current Liabilities 17.0 3,458.6 8,493.0 8,288.0 8,445.0 8,256.8 8,516.6 8,396.4 8,537.3 8,210.0 8,169.3 8,142.3 7,603.2 7,892.8 6,823.6 6,218.8 6,389.6 6,250.9 6,156.0 6,181.0 6,021.1 5,699.1 5,640.4 5,438.4 4,765.6 4,794.1 4,796.6 4,748.4 4,774.0 4,629.3 4,696.2 4,731.1 4,875.3 4,132.0 4,058.2 3,992.7 4,073.2 3,978.7 3,955.4 3,942.0 3,940.9
Non-Current Liabilities
Long-Term Debt 202.1 54.5 54.7 239.4 134.6 104.5 54.4 89.4 54.3 394.2 370.9 439.0 1,054.0 438.9 39.6 39.5 39.5 39.5 0 0 0 0 0 15 341.5 207.7 303.9 272.4 228.4 301.7 144.5 188.3 77.3 129.1 129.1 129.1 76.8 38.7 51.4 40 40
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 0 0 0 0
Other Non-Current Liabilities 10,730.4 4,985.3 230.0 118.9 190.0 141.3 130.2 237.5 144.0 134.0 162.5 143.3 126.4 149.3 140.3 94.1 92.2 83.5 100.2 103.3 96.5 140.1 161.0 155.1 157.8 126.8 136.2 103.2 85.3 50.7 71.3 67.7 59.1 50.0 31.4 26.4 40.7 19.5 49.9 46.9 31.1
Total Non-Current Liabilities 10,932.5 5,039.8 284.8 358.2 324.6 245.8 184.6 326.8 198.3 528.2 533.4 582.3 1,180.3 588.2 179.9 133.7 131.7 123.0 100.2 103.3 96.5 140.1 161.0 170.1 499.3 334.5 440.1 375.7 313.7 352.3 215.8 256.0 136.4 179.1 160.5 155.6 117.5 58.2 101.3 86.9 71.1
Total Liabilities 10,949.5 8,498.4 8,777.8 8,646.2 8,769.6 8,502.6 8,701.3 8,723.2 8,735.6 8,738.3 8,702.7 8,724.6 8,783.5 8,481.0 7,003.5 6,352.4 6,521.3 6,373.9 6,256.3 6,284.3 6,117.5 5,839.3 5,801.3 5,608.5 5,264.9 5,128.6 5,236.7 5,124.1 5,087.7 4,981.7 4,912.0 4,987.1 5,011.7 4,311.1 4,218.7 4,148.3 4,190.7 4,036.9 4,056.6 4,028.9 4,012.1
Stockholders' Equity
Common Stock 0.6 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 578.5 572.5 568.3 544.4 521.9 508.9 491.8 469.6 454.2 433.1 410.2 384.1 361.4 330.7 323.4 314.6 301.2 289.9 273.9 260.8 243.4 223.2 202.2 180.5 169.0 164.1 150.9 135.2 120.9 107.0 95.1 81.2 68.0 60.8 73.4 68.6 61.8 55.5 47.3 40.4 37.4
Accumulated Other Comprehensive Income (48.1) (44.0) (51.0) (55.9) (60.0) (70.0) (62.5) (80.4) (80.2) (76.4) (100.9) (88.6) (78.6) (88.2) (89.3) (58.0) (38.6) (7.0) (1.4) 1.7 0.5 9.8 11.1 12.2 12.4 2.1 3.1 1.5 (6.1) (11.3) (20.2) (17.4) (14.9) (6.2) (1.3) (1.2) (1.9) (1.8) 8.5 11.3 8.6
Total Stockholders' Equity 1,664.9 1,385.1 1,374.9 1,352.5 1,329.3 1,305.1 1,292.0 1,247.6 1,231.8 1,212.8 1,163.6 1,147.3 1,133.7 1,092.2 919.4 815.6 820.2 840.1 844.7 851.9 832.0 820.7 799.4 777.0 763.5 766.9 753.3 733.9 715.0 695.0 673.1 660.2 645.9 532.4 550.2 544.5 537.6 536.2 549.8 598.9 603.9
Total Liabilities & Equity 12,614.4 9,883.5 10,152.7 9,998.7 10,098.9 9,807.7 9,993.3 9,970.9 9,967.5 9,951.1 9,866.3 9,872.0 9,917.2 9,573.2 7,922.9 7,168.0 7,341.5 7,214.0 7,101.0 7,136.1 6,949.5 6,659.9 6,600.7 6,385.4 6,028.3 5,895.5 5,990.1 5,858.0 5,802.7 5,676.7 5,585.1 5,647.3 5,657.6 4,843.5 4,769.0 4,692.8 4,728.3 4,573.0 4,606.4 4,627.8 4,616.0
Debt Metrics
Total Debt 219.1 71.9 76.0 257.9 155.3 123.4 74.0 108.8 73.9 413.8 391.2 460.5 1,075.5 459.1 59.6 63.9 64.2 62.2 21.4 23.0 19.4 22.9 23.9 39.5 365.2 264.6 366.6 332.8 288.0 367.7 200.2 261.8 218.5 259.6 221.9 248.3 168.5 130.7 164.7 166.1 126.4
Net Debt (253.7) (345.2) (479.5) (38.6) (91.0) (4.4) (106.8) (36.2) (219.1) 223.0 99.9 136.6 705.8 263.6 (196.6) (384.4) (722.1) (783.4) (785.9) (981.5) (803.1) (582.7) (421.2) (102.9) 231.3 154.4 249.7 241.7 182.7 258.2 88.8 123.9 (68.3) 2.2 (19.2) 118.5 (50.0) (22.1) 39.7 18.2 (67.3)
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 20.8 16.0 35.3 34.0 24.2 28.1 33.0 26.0 31.3 33.1 36.0 32.6 40.3 16.7 15.8 20.4 18.4 22.8 19.8 24.2 26.8 27.2 27.9 17.7 15.8 19.5 21.6 20.3 18.9 17.2 18.2 17.5 8.5 (10.1) 7.2 9.2 8.3 10.0 8.3 4.5 0.3
Depreciation & Amortization 9.0 9.1 7.6 5.9 6.3 6.3 5.9 6.0 6.0 6.3 6.1 6.3 5.1 5.7 3.8 3.5 3.4 2.0 3.8 3.6 4.1 2.6 4.2 4.0 3.6 3.9 3.7 4.8 2.5 2.6 2.9 3.1 3.0 3.0 3.2 3.3 3.3 3.3 3.5 3.6 3.8
Stock-Based Compensation 6.3 1.4 2.1 2.0 1.7 2.4 2.0 2.1 1.6 1.9 1.7 2.2 1.4 1.7 1.5 1.7 1.2 1.3 1.7 1.4 1.1 1.3 1.2 1.6 1.2 1.5 1.4 1.5 0.4 1.2 1.2 1.2 0.8 0.9 0.9 1.0 0.9 0.8 0.9 0.9 0.9
Change in Working Capital (1.5) (26.7) 4.0 3.2 (15.0) 10.0 3.6 10.5 (10.9) (0.0) (5.1) 67.0 (60.6) (39.7) 9.2 15.0 (22.0) (4.5) (2.3) 11.8 (38.7) 0.6 (7.5) 8.4 7.7 (7.2) 13.0 25.3 (9.9) 14.5 1.6 (5.3) 3.8 23.6 0.6 8.2 0.3 (31.2) 4.4 19.8 (3.2)
Other Non-Cash Items (85.4) 46.1 3.4 (12.8) 22.3 (0.4) 2.5 (12.7) 1.9 3.4 9.4 (15.0) (5.1) 49.0 23.5 43.5 55.6 13.0 (9.3) 81.5 15.6 17.9 (72.4) (69.9) (4.6) 83.9 (101.9) (52.3) (17.5) 11.2 27.8 (61.5) (5.0) (13.0) (10.3) (9.6) 10.2 (7.0) (19.6) (10.3) 2.6
Operating Cash Flow (56.8) 38.1 52.4 32.3 39.6 46.4 47.0 31.9 30.0 44.6 48.1 93.0 (18.8) 33.5 53.9 78.4 48.8 34.6 10.9 126.5 7.5 51.8 (46.4) (39.6) 26.2 103.1 (59.8) 2.9 (3.6) 50.5 53.9 (41.3) 10.5 19.4 4.1 13.4 21.2 (31.1) 0.6 19.5 7.1
Investing Activities
Capital Expenditure (5.5) (26.2) (5.9) (5.8) (10.2) (8.2) (7.6) (13.3) (5.5) (12.1) (8.3) (9.7) (6.7) (2.5) 0.1 (10.0) 0 0 0 0 0 0.1 (1.0) (1.4) (2.2) (3.5) (2.5) (3.6) (1.7) (1.2) (1.6) (1.6) (1.9) (3.8) (1.2) 0.2 (0.8) 0 0 0 (1.9)
Acquisitions 250.1 0 0 0 0 0 0 0 0 0 0 0 0 (10.5) 244.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 69.0 0 0 0 0 0 0 0 0
Purchases of Investments (282.6) 2.8 (17.1) (109.0) (348.8) (15.8) (69.9) (38.5) (116.9) (12.3) (16.8) (41.2) (38.4) (35.5) (49.4) (130.5) (183.4) (114.3) (132.0) (206.2) (261.5) (258.8) (176.9) (84.6) (52.3) (37.9) (18.0) 0 0 (35.1) 0 0 (82.9) (104.2) (1.6) 0 (96.9) 0 0 (4.2) (0.7)
Sales/Maturities of Investments 249.0 231.9 69.7 102.6 81.2 182.7 94.0 46.4 87.1 46.1 59.7 112.5 43.4 198.6 60.4 68.3 80.6 103.9 98.3 99.0 98.6 109.6 105.7 80.1 64.2 66.0 85.0 64.2 61.5 62.4 72.5 74.3 103.9 69.5 74.9 74.0 77.5 90.7 97.7 98.6 85.3
Other Investing Activities (164.4) (187.9) 159.9 99.0 150.3 (38.3) (104.2) (56.2) 128.8 (220.2) (64.6) (113.1) (122.2) (313.6) (365.8) (165.7) (137.5) (93.8) (124.4) 4.2 52.8 204.6 239.4 (286.7) (91.4) (29.3) (53.3) (85.5) (154.8) (162.2) (68.6) (143.9) 14.9 (31.8) (25.2) (144.5) (64.6) (26.6) (87.9) (151.4) 12.4
Investing Cash Flow 46.5 20.6 206.7 86.7 (127.5) 120.4 (87.8) (61.5) 93.6 (198.7) (29.9) (51.5) (123.9) (163.4) (110.0) (238.4) (240.4) (107.6) (158.6) (97.6) (110.0) 55.6 167.8 (292.6) (81.6) (4.7) 11.2 (24.9) (94.9) (136.1) 2.4 (71.2) 102.9 (70.3) 47.0 (70.3) (84.9) 63.5 9.4 (53.3) 95.1
Financing Activities
Net Debt Issuance 136.9 (4.0) (185) 105 30 50 (35) 35 (340) 23.2 (68.2) (615) 615 385.2 (4.4) (0.3) 2.0 40 (1.5) 3.6 (3.5) (1.0) (15) (326.5) 133.8 (86.2) 21.5 44.0 (73.2) 157.1 (43.8) 111.0 (85.6) 37.6 (26.4) 52.3 38.1 (12.7) (1.5) 0 0
Stock Repurchased (16.1) (2.1) (8.8) (4.2) 0 0 0 0 0 0 0 0 0 0 1.6 (0.9) (0.8) (17.0) (19.4) (1.1) (1.3) 0 0 0 (19.5) 0 0 0 0 (1.5) 0 0 (8.7) (93.6) 0 0 0 (6.3) (54.4) (11.0) (21.9)
Dividends Paid (14.7) (11.8) (11.4) (11.5) (11.3) (11.1) (10.7) (10.8) (10.3) (10.3) (9.9) (10.0) (9.5) (9.4) (7.0) (7.0) (7.1) (6.7) (6.8) (6.8) (6.6) (6.2) (6.2) (6.2) (6.3) (6.3) (5.9) (5.9) (5.4) (5.3) (4.3) (4.3) (2.7) (2.5) (2.4) (2.4) (2.0) (2.1) (1.4) (1.4) (1.5)
Other Financing Activities (40.6) (179.3) 205.3 (158.2) 187.6 (260.2) 120.5 (142.6) 327.2 41.6 27.3 537.6 (290.1) (305.5) (126.5) (170.4) 136.6 95.0 (22.2) 156.4 325.4 59.8 202.0 672.8 (29.0) (12.5) 58.2 (25.6) 172.3 (68.1) (35.2) (145.6) 10.6 33.2 88.9 (80.1) 93.2 16.4 24.2 0.6 (51.2)
Financing Cash Flow 66.0 (197.1) 0.0 (68.9) 206.3 (219.7) 76.6 (118.3) (23.0) 53.6 (50.7) (87.3) 315.4 69.2 (136.1) (178.1) 130.8 111.3 (49.9) 153.1 314.4 53.0 181.4 340.6 79.1 (105.2) 74.4 7.9 94.2 83.7 (82.7) (36.4) (73.9) 67.1 60.3 (31.7) 129.3 (4.6) (33.0) (11.8) (74.6)
Cash Position
Net Change in Cash 55.7 (138.5) 259.1 50.2 118.5 (52.9) 35.8 (147.9) 100.6 (100.5) (32.5) (45.9) 172.7 (60.7) (192.2) (338.0) (60.8) 38.3 (197.6) 182.0 212.0 160.5 302.7 8.5 23.7 (6.7) 25.8 (14.1) (4.3) (1.9) (26.5) (149.0) 39.5 16.2 111.3 (88.6) 65.7 27.8 (23.0) (45.7) 27.5
Cash at Beginning 417.1 555.6 296.5 246.3 127.8 180.8 145.0 292.9 192.3 292.8 325.3 371.2 198.5 259.2 451.4 789.4 850.2 811.9 1,009.5 827.5 615.6 455.1 152.4 143.9 120.2 126.9 101.2 115.3 119.6 121.5 147.9 296.9 257.4 241.2 129.8 218.4 152.7 125.0 147.9 193.6 166.1
Cash at End 472.8 417.1 555.6 296.5 246.3 127.8 180.8 145.0 292.9 192.3 292.8 325.3 371.2 198.5 259.2 451.4 789.4 850.2 811.9 1,009.5 827.5 615.6 455.1 152.4 143.9 120.2 126.9 101.2 115.3 119.6 121.5 147.9 296.9 257.4 241.2 129.8 218.4 152.7 125.0 147.9 193.6
Free Cash Flow (62.3) 11.9 46.5 26.5 29.5 38.2 39.4 18.6 24.5 32.5 39.9 83.3 (25.5) 31.0 54.0 68.4 48.8 34.6 10.9 126.5 7.5 52.0 (47.4) (40.9) 24.1 99.6 (62.3) (0.7) (5.3) 49.3 52.3 (42.9) 8.6 15.6 2.9 13.6 20.5 (31.1) 0.6 21.4 5.1
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 2011 Q4 2011 Q3 2011 Q2 2010 Q4 2010 Q3 2010 Q2
Income Statement
Revenue 177.1 140.8 151.9 147.0 144.2 145.9 155.2 145.1 148.1 149.3 143.8 133.6 126.9 116.7 88.3 75.6 67.3 75.1 77.9 72.2 81.5 85.6 95.7 91.5 81.1 78.6 91.4 81.7 76.0 72.2 73.2 73.4 68.4 51.4 51.7 54.0 46.7 48.5 53.3 49.6 49.0 52.3 50.6 50.7 52.2 54.9 54.8 54.6 55.2 55.7 56.6 56.1 58.3 61.2 65.5 67.8 71.6 57.6 114.6 53.8 61.8 0.7 0.6
Gross Profit 122.8 100.6 109.4 103.2 90.8 98.0 102.9 93.4 100.4 99.5 104.3 100.6 107.3 85.9 72.4 70.3 64.8 72.0 74.6 74.4 81.0 80.9 88.9 74.8 66.7 68.2 76.1 68.8 66.2 62.6 66.2 66.0 63.2 43.2 43.1 45.6 40.9 43.3 44.3 39.4 34.9 43.4 43.3 45.2 47.1 49.9 49.6 49.4 49.9 51.1 52.2 50.3 52.3 53.4 53.7 47.7 54.2 43.1 101.1 35.1 61.7 0.7 0.6
Operating Income 25.9 28.2 43.1 41.5 29.9 34.7 39.9 31.8 38.9 38.9 45.4 40.9 50.4 19.7 19.8 24.7 22.0 28.1 24.8 29.6 32.5 33.5 34.7 22.1 19.0 23.4 27.1 23.5 22.3 20.6 22.6 20.3 10.2 8.5 9.0 11.4 7.0 10.1 10.0 5.5 0.4 7.7 0.1 (0.6) 0.8 3.1 4.0 3.1 2.2 0.9 1.8 4.7 3.4 4.5 (7.7) 4.4 2.7 (2.7) 54.4 2.8 15.9 (1.9) (3.4)
Net Income 20.8 16.0 35.3 34.0 24.2 28.2 33.0 26.1 31.4 33.1 36.1 32.6 40.3 16.7 15.8 20.4 18.4 22.8 19.8 24.2 26.8 27.2 27.9 17.7 15.8 19.5 21.6 20.3 18.9 17.2 18.2 17.5 8.5 (10.1) 7.2 9.2 8.3 10.0 8.3 4.5 0.3 3.3 1.6 (1.3) 1.2 2.3 3.3 2.1 1.4 1 0.9 2.9 2.1 3.0 (7.9) 2.7 1.6 (3.0) 33.8 1.7 12.9 (1.9) (3.4)
EPS (Diluted) 0.54 0.42 0.92 0.88 0.63 0.73 0.86 0.68 0.82 0.87 0.94 0.85 1.06 0.44 0.50 0.67 0.60 0.74 0.64 0.77 0.86 0.87 0.90 0.57 0.50 0.62 0.69 0.64 0.60 0.55 0.58 0.56 0.27 -0.37 0.26 0.33 0.30 0.36 0.30 0.15 0.01 0.11 0.05 -0.04 0.03 0.06 0.08 0.05 0.03 0.02 0.02 0.06 0.04 0.06 -0.15 0.05 0.03 -0.06 0.65 0.03 0.25 -0.04 -0.07
Balance Sheet
Cash & Equivalents 472.8 417.1 555.6 296.5 246.3 127.8 180.8 145.0 292.9 190.8 291.3 323.8 369.7 195.5 256.2 448.4 786.4 845.7 807.4 1,004.5 822.5 605.6 445.1 142.4 133.9 110.2 116.9 91.2 105.3 109.6 111.5 137.9 286.9 257.4 241.2 129.8 218.4 152.7 125.0 147.9 193.6
Total Assets 12,614.4 9,883.5 10,152.7 9,998.7 10,098.9 9,807.7 9,993.3 9,970.9 9,967.5 9,951.1 9,866.3 9,872.0 9,917.2 9,573.2 7,922.9 7,168.0 7,341.5 7,214.0 7,101.0 7,136.1 6,949.5 6,659.9 6,600.7 6,385.4 6,028.3 5,895.5 5,990.1 5,858.0 5,802.7 5,676.7 5,585.1 5,647.3 5,657.6 4,843.5 4,769.0 4,692.8 4,728.3 4,573.0 4,606.4 4,627.8 4,616.0
Total Debt 219.1 71.9 76.0 257.9 155.3 123.4 74.0 108.8 73.9 413.8 391.2 460.5 1,075.5 459.1 59.6 63.9 64.2 62.2 21.4 23.0 19.4 22.9 23.9 39.5 365.2 264.6 366.6 332.8 288.0 367.7 200.2 261.8 218.5 259.6 221.9 248.3 168.5 130.7 164.7 166.1 126.4
Stockholders' Equity 1,664.9 1,385.1 1,374.9 1,352.5 1,329.3 1,305.1 1,292.0 1,247.6 1,231.8 1,212.8 1,163.6 1,147.3 1,133.7 1,092.2 919.4 815.6 820.2 840.1 844.7 851.9 832.0 820.7 799.4 777.0 763.5 766.9 753.3 733.9 715.0 695.0 673.1 660.2 645.9 532.4 550.2 544.5 537.6 536.2 549.8 598.9 603.9
Cash Flow
Operating Cash Flow (56.8) 38.1 52.4 32.3 39.6 46.4 47.0 31.9 30.0 44.6 48.1 93.0 (18.8) 33.5 53.9 78.4 48.8 34.6 10.9 126.5 7.5 51.8 (46.4) (39.6) 26.2 103.1 (59.8) 2.9 (3.6) 50.5 53.9 (41.3) 10.5 19.4 4.1 13.4 21.2 (31.1) 0.6 19.5 7.1
Capital Expenditure (5.5) (26.2) (5.9) (5.8) (10.2) (8.2) (7.6) (13.3) (5.5) (12.1) (8.3) (9.7) (6.7) (2.5) 0.1 (10.0) 0 0 0 0 0 0.1 (1.0) (1.4) (2.2) (3.5) (2.5) (3.6) (1.7) (1.2) (1.6) (1.6) (1.9) (3.8) (1.2) 0.2 (0.8) 0 0 0 (1.9)
Free Cash Flow (62.3) 11.9 46.5 26.5 29.5 38.2 39.4 18.6 24.5 32.5 39.9 83.3 (25.5) 31.0 54.0 68.4 48.8 34.6 10.9 126.5 7.5 52.0 (47.4) (40.9) 24.1 99.6 (62.3) (0.7) (5.3) 49.3 52.3 (42.9) 8.6 15.6 2.9 13.6 20.5 (31.1) 0.6 21.4 5.1