Nicolet Bankshares, Inc. logo NIC - Nicolet Bankshares, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 3
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $182.67 DETAILS
HIGH: $190.00
LOW: $173.00
MEDIAN: $185.00
CONSENSUS: $182.67
UPSIDE: 28.92%
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 102.1 139.4 144.0 138.3 131.0 132.5 135 128.5 123.5 130.7 116.4 108.9 63.2 100.8 83.7 73.7 73.9 73.8 52.7 58.5 54.0 56.2 56.0 54.4 46.6 49.5 47.0 53.1 42.3 42.1 42.5 40.8 39.6 38.5 39.6 36.0 29.9 29.8 31.3 24.7 16.3 17.0 16.0 16.4 16.8 16.2 16.3 15.2 15.5 15.7 17.7 13.7 9.9 10.5 9.9 9.6 9.5
Cost of Revenue 54.7 40.1 42.0 43.6 43.0 42.3 45.0 44.9 42.0 42.6 38.9 33.5 31.4 19.5 16.3 5.2 4.4 12.5 9.6 2.7 3.7 5.3 7.7 8.4 8.7 6.0 5.9 5.9 5.9 5.5 5.3 5.3 4.4 3.8 4.0 2.8 2.2 2.3 2.3 2.3 2.1 2.3 2.3 2.3 2.2 2.4 2.4 2.5 2.4 4.0 3.6 2.5 2.4 2.5 2.5 2.7 3.1
Gross Profit 47.4 99.3 101.9 94.7 87.9 90.2 90.0 83.6 81.5 88.1 77.6 75.4 31.8 81.3 67.4 68.5 69.4 61.4 43.2 55.7 50.3 50.9 48.3 46.0 37.8 43.5 41.1 47.2 36.5 36.6 37.3 35.5 35.2 34.7 35.6 33.2 27.6 27.5 29.0 22.4 14.2 14.8 13.8 14.2 14.6 13.7 13.9 12.7 13.1 11.7 14.1 11.2 7.5 8.0 7.4 6.9 6.4
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 0.5 0.4 0 0 0.4 0.3
SG&A Expenses 50.5 39.4 32.7 31.7 29.6 30.0 31.8 29.3 29.7 29.7 27.3 26.9 27.0 15.8 26.9 22.2 23.5 27.1 22 21.6 19.4 19.0 17.8 19.4 17.2 17.8 16.9 19.3 16.2 14.1 16.7 16.5 16.2 15.9 15.0 14.7 13.1 12.7 13.6 11.3 7.2 7.3 7.2 7.3 7.2 7.1 6.9 6.9 6.8 7.0 6.9 6.7 4.5 4.3 4.3 4.3 4.2
Other Expenses (22.1) 9.7 17.4 18.2 18.2 17.0 17.4 17.5 17.5 20.9 18.4 18.1 17.9 28.4 15.7 14.3 14.0 12.4 11.1 9.2 6.7 7.6 5.8 8.4 6.6 8.1 6.0 6.4 6.6 7.5 6.4 5.9 6.5 6.0 5.8 5.7 5.2 5.7 5.4 6.2 2.8 3.0 2.7 2.5 2.6 3.0 2.6 2.6 2.8 3.3 1.9 (8.1) 1.4 2.1 1.6 1.4 1.3
Operating Expenses 28.4 49.1 50.1 49.9 47.8 47.0 49.1 46.9 47.1 50.7 45.7 45.0 44.9 44.2 42.6 36.5 37.5 39.5 33.1 30.7 26.1 26.6 23.7 27.8 23.9 25.9 22.9 25.7 22.8 21.6 23.0 22.5 22.6 21.9 20.9 20.3 18.3 18.4 19.0 17.5 10.0 10.3 9.8 9.7 9.8 10.1 9.5 9.5 9.6 10.3 8.7 (0.8) 6.3 6.3 5.9 6.0 5.8
Operating Income
Operating Income 19.0 50.2 51.8 44.8 40.1 43.2 40.8 36.7 34.3 37.4 31.8 30.5 (13.1) 37.1 24.8 31.9 31.9 21.8 10.1 25.0 24.2 24.2 24.6 18.2 14.0 18.1 18.2 21.5 13.7 15.0 14.2 13.1 12.5 12.8 14.7 12.8 9.3 9.1 10.0 4.9 4.1 4.5 3.9 4.4 4.8 3.6 4.3 3.2 3.5 1.4 5.3 12.0 1.2 1.7 1.4 0.9 0.7
Interest Expense 48.7 39.3 41.1 84.1 41.5 41.3 44.3 43.5 41.2 39.3 38.4 33.0 30.7 17.7 7.7 4.4 4.1 4.1 3.6 2.7 3.2 4.0 4.7 5.4 5.7 5.7 5.5 5.6 5.7 5.3 4.9 4.7 3.9 3.3 3.1 2.4 1.8 1.9 1.9 1.9 1.7 1.8 1.8 1.8 1.7 1.8 1.7 1.8 1.8 1.7 1.6 1.5 1.4 1.5 1.6 1.6 1.8
Interest Income 158.2 120.2 120.3 230.4 112.7 112.8 112.6 108.9 104.0 103.5 99.9 92.1 87.4 85.8 70.7 59.5 57.9 57.6 38.7 38.3 36.9 38.0 37.3 36.9 37.0 36.2 34.7 34.6 33.2 32.3 31.9 30.5 30.8 29.8 29.5 26.9 23.1 21.9 22.8 18.4 12.4 12.5 11.9 11.5 12.7 12.3 12.6 12.3 11.7 12.2 13.4 10.4 7.2 7.7 7.2 6.9 6.9
Profitability
EBITDA 19.0 50.2 55.4 46.3 44.0 46.6 45.2 41.2 39.1 42.7 35.7 35.5 (8.9) 42.0 30.0 37.0 38.7 26.4 14.2 27.5 26.9 27.4 27.2 21.0 16.1 20.1 20.3 23.6 14.8 16.6 15.7 14.5 14.3 12.8 18.1 14.9 10.9 10.0 11.0 7.5 4.6 4.7 4.8 5.6 5.9 4.7 5.3 4.2 4.3 1.7 6.5 13.4 1.8 2.2 2.0 1.5 1.3
EBIT 19.0 50.2 51.8 44.8 40.1 43.2 40.8 36.7 34.3 37.4 31.8 30.5 (13.1) 37.1 24.8 31.9 31.9 21.8 10.1 25.0 24.2 24.2 24.6 18.2 14.0 18.1 18.2 21.5 13.7 15.0 14.2 13.1 12.5 12.8 14.7 12.8 9.3 9.1 10.0 4.9 4.1 4.5 3.9 4.4 4.8 3.6 4.3 3.2 3.5 1.4 5.3 12.0 1.2 1.7 1.4 0.9 0.7
Income Before Tax 19.0 50.2 51.8 44.8 40.1 43.2 40.8 36.7 34.3 37.4 31.8 30.5 (13.1) 37.1 24.8 31.9 31.9 21.8 10.1 25.0 24.2 24.2 24.6 18.2 14.0 18.1 18.2 21.5 13.7 15.0 14.2 13.1 12.5 12.8 14.7 12.8 9.3 9.1 10.0 4.9 4.1 4.5 3.9 4.4 4.8 3.6 4.3 3.2 3.5 1.4 5.3 12.0 1.2 1.7 1.4 0.9 0.7
Income Tax Expense 3.8 9.9 10.1 8.7 7.5 8.7 8.3 7.5 6.5 6.8 14.7 7.9 (4.2) 9.5 6.3 7.9 7.7 5.5 2.3 6.7 5.9 6.1 6.4 4.6 3.3 5.7 4.6 2.8 3.4 4.0 3.3 3.3 2.9 3.7 5.1 4.4 3.0 2.9 3.4 1.5 1.4 1.6 1.3 1.5 1.7 1.2 1.6 0.6 1.2 0.5 2.4 0.5 0.4 0.7 0.5 0.2 0.1
Net Income 15.2 40.3 41.7 36.0 32.6 34.5 32.5 29.3 27.8 30.7 17.2 22.6 (8.9) 27.6 18.5 24.0 24.2 16.3 7.8 18.3 18.2 18.0 18.1 13.5 10.6 12.3 13.5 18.5 10.3 10.9 10.9 9.7 9.6 9.1 9.5 8.3 6.2 6.1 6.5 3.3 2.7 2.8 2.6 2.9 3.1 2.4 2.8 2.6 2.2 1.0 2.9 11.5 0.8 0.9 1.0 0.6 0.5
Per Share Data
EPS (Basic) 1.03 2.72 2.80 2.40 2.14 2.25 2.16 1.96 1.86 2.07 1.16 1.54 -0.61 1.88 1.33 1.79 1.77 1.29 0.75 1.85 1.82 1.79 1.75 1.29 1.00 1.22 1.45 1.98 1.09 1.14 1.13 1.01 0.98 0.93 0.97 0.88 0.72 0.71 0.72 0.41 0.61 0.67 0.64 0.72 0.75 0.58 0.66 0.59 0.51 0.22 0.62 2.79 0.11 0.16 0.15 0.08 0.05
EPS (Diluted) 1.00 2.65 2.72 2.34 2.08 2.19 2.10 1.92 1.82 2.02 1.14 1.51 -0.61 1.83 1.29 1.73 1.70 1.25 0.73 1.77 1.75 1.74 1.72 1.28 0.98 1.18 1.40 1.91 1.05 1.11 1.09 0.98 0.94 0.89 0.91 0.83 0.69 0.68 0.69 0.39 0.57 0.63 0.58 0.66 0.70 0.55 0.63 0.58 0.50 0.22 0.62 2.78 0.11 0.16 0.15 0.08 0.05
Shares Outstanding 14.8 14.8 14.9 15.0 15.3 15.3 15.1 14.9 14.9 14.8 14.7 14.7 14.7 14.7 13.9 13.4 13.6 12.6 10.4 9.9 10.0 10.1 10.3 10.4 10.5 10.5 9.3 9.4 9.5 9.5 9.6 9.6 9.8 9.8 9.8 9.5 8.6 8.6 8.6 7.3 4.2 4.2 4.0 4.0 4.0 4.0 4.1 4.2 4.2 4.2 4.2 4.0 4.3 4.3 4.3 4.3 4.3
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
Current Assets
Cash & Cash Equivalents 123.4 660.2 474.0 422.6 572.2 537.0 431.2 412.5 433.1 497.8 553.5 515.0 125.5 167.2 451.8 196.5 415.6 617.2 1,374.7 815.8 763.1 832.4 886.5 840.5 260.8 201.4 149.4 160.3 155.8 250.5 161.4 104.6 433.5 155.9 97.9 113.9 46.8 132.4 108.8 101.5 102.0
Short-Term Investments 1,245.3 523.9 861.5 849.3 472.8 438.7 825.9 799.9 804.0 802.6 793.8 921.1 1,023.2 917.6 949.6 813.2 852.3 921.7 715.9 562.0 558.2 539.3 535.4 510.8 511.9 449.3 419.3 404.0 407.7 400.1 410.9 402.0 401.1 405.2 408.2 418.3 404.4 365.3 366.3 371.4 174.5
Net Receivables 54.4 6,767.5 0 0 0 0 0 0 0 133.7 145.7 142.4 141.0 138.0 122.1 108.9 102.2 113.4 86.2 57.4 45.9 55.5 48.8 46.4 43.7 39.5 35.6 35.6 41.8 34.4 38.8 37.1 37.0 35.8 37.5 36.4 33.6 33.1 34.5 36.7 17.8
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 0 0
Other Current Assets (1,986.9) (510.3) 0 (293.0) 0 0 0 0 0 (127.4) 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 0 0 0
Total Current Assets 177.8 7,441.4 1,335.5 978.9 1,045.0 975.8 1,257.1 1,212.4 1,237.0 1,300.4 1,493.0 1,578.6 1,289.6 1,222.9 1,523.5 1,118.7 1,370.2 1,652.2 2,176.8 1,435.2 1,367.2 1,427.2 1,470.6 1,397.7 816.3 690.1 604.3 600.0 605.3 685.1 611.1 543.6 871.7 596.9 543.6 568.6 484.8 530.7 509.6 509.5 294.3
Non-Current Assets
Property, Plant & Equipment 187.9 120.5 121.7 123.7 125.3 127.0 123.6 121.0 120.0 118.8 117.7 117.3 112.6 109.0 106.6 96.7 94.3 94.6 83.5 61.6 59.4 59.9 64.2 59.9 60.3 56.5 47.7 49.1 49.4 48.2 47.3 46.8 46.3 47.2 47.4 47.4 44.3 45.9 47.0 47.1 30.1
Goodwill 834.5 367.4 367.4 367.4 367.4 367.4 367.4 367.4 367.4 367.4 367.4 367.4 367.4 367.4 369.8 317.2 317.2 317.2 255.4 163.2 163.2 163.2 163.2 151.2 151.2 151.2 107.4 107.4 107.4 107.4 107.4 107.4 107.4 107.4 107.4 107 66.7 66.7 66.7 66.7 0
Intangible Assets 133.3 15.0 16.3 17.7 19.2 20.8 22.3 24.0 25.8 27.0 28.8 30.8 32.9 35.1 37.3 19.5 20.9 22.3 14.5 10.6 11.3 12.2 13.1 12.9 13.8 14.8 14.0 14.9 15.9 16.9 18.0 18.8 19.9 21.0 22.2 21.9 20.1 21.2 22.4 23.6 0
Long-Term Investments 11,938.7 7,139.1 6,838.1 7,133.3 7,070.7 6,953.7 6,562.6 6,534.0 6,398.8 6,309.3 6,241.0 6,221.4 6,223.8 6,864.6 6,693.5 5,682.2 5,382.4 5,474.3 3,776.9 2,832.4 2,858.9 2,806.0 2,912.4 2,840.6 2,612.3 2,586.6 2,260.6 2,214.2 2,196.4 2,172.7 2,150.5 2,139.5 2,113.1 2,094.8 2,060.4 2,016.9 1,621.6 1,581.5 1,569.3 1,571.1 890.5
Other Non-Current Assets 2,302.3 (5,898.2) 350.4 (7,133.3) 347.6 352.2 304.1 298.3 297.7 345.9 168.2 167.2 166.1 165.1 165.2 136.1 135.3 134.5 100.7 84.0 83.8 83.3 82.9 79.0 78.7 78.1 71.8 69.2 66.8 66.3 66.6 66.1 65.6 65.2 64.7 64.2 55.3 54.9 54.5 38.7 29.1
Total Non-Current Assets 15,396.7 1,743.7 7,693.9 508.8 7,930.2 7,821.0 7,380.0 7,344.6 7,209.6 7,168.3 6,923.1 6,904.1 6,902.7 7,541.1 7,372.4 6,251.6 5,950.1 6,042.8 4,231.0 3,152.1 3,176.6 3,124.6 3,235.7 3,143.5 2,916.2 2,887.1 2,501.4 2,454.9 2,435.8 2,411.5 2,389.8 2,378.5 2,352.3 2,335.5 2,302.1 2,257.3 1,807.9 1,770.2 1,759.8 1,747.2 949.8
Total Assets 15,574.5 9,185.1 9,029.4 8,930.8 8,975.2 8,796.8 8,637.1 8,557.0 8,446.7 8,468.7 8,416.2 8,482.6 8,192.4 8,764.0 8,895.9 7,370.3 7,320.2 7,695.0 6,407.8 4,587.3 4,543.8 4,551.8 4,707.2 4,542.0 3,732.6 3,577.3 3,105.7 3,054.8 3,041.1 3,096.5 3,000.9 2,922.2 3,223.9 2,932.4 2,845.7 2,825.9 2,292.6 2,300.9 2,269.5 2,256.8 1,244.0
Current Liabilities
Account Payables 0 7,730.8 0 0 0 0 0 0 0 0 61.6 58.8 54.5 70.2 56.3 47.6 45.8 68.7 58.0 43.8 49.2 48.3 48.9 52.7 39.6 38.2 35.0 28.6 25.6 17.7 23.6 18.2 17.1 18.4 21.8 19.9 17.1 16.9 21.3 24.7 7.9
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 50 50 317 280 0 0 0 0 0 0 0 0 0 75 0 0 0 0 0 0 0 0 0 12.9 0 6 0 0 11.2 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 58.7 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 12,624.4 (7,791.1) 7,611.5 7,541.7 7,572.2 7,403.7 7,260.0 7,232.3 7,158.0 7,197.8 7,182.4 7,198.6 6,928.6 7,178.9 7,395.9 6,286.3 6,231.1 6,404.1 5,428.8 3,939.0 3,900.6 3,910.4 3,712.8 3,537.8 3,023.5 2,954.5 2,584.4 2,536.6 2,538.5 2,614.1 2,522.2 2,455.5 2,765.1 2,471.1 2,367.0 2,390.0 1,946.3 1,970.0 1,934.1 1,894.2 1,081.5
Total Current Liabilities 12,624.4 1.5 7,611.5 7,541.7 7,572.2 7,403.7 7,260.0 7,241.1 7,165.7 7,197.8 7,243.9 7,307.4 7,033.1 7,566.1 7,732.2 6,333.9 6,277.0 6,534.6 5,486.8 3,982.8 3,949.8 3,958.7 3,761.7 3,590.5 3,138.1 2,992.6 2,619.4 2,565.2 2,564.1 2,631.9 2,545.8 2,473.7 2,782.2 2,508.0 2,423.5 2,429.8 1,986.5 2,003.8 1,976.6 1,954.9 1,097.3
Non-Current Liabilities
Long-Term Debt 180.0 134.9 134.6 134.3 156.6 161.4 161.2 162.4 162.3 166.9 197.8 197.6 197.4 225.3 225.2 197.0 206.9 216.9 144.2 45.1 44.0 53.9 72.0 81.8 82.7 67.6 57.5 77.4 77.4 77.3 77.2 77.2 77.1 78.0 83.0 63.1 37.7 37.6 37.5 42.4 39.8
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 13,137.6 7,792.6 68.4 64.7 63.2 58.8 66.6 62.1 55.0 64.9 0 0 0 0 0 0 0 51.6 47.5 0 0 0 333.9 336.0 0 0 0 0 0 0 0 2,473.7 (77.1) (18.4) (21.8) (19.9) (17.1) (16.9) (21.3) (24.7) (7.9)
Total Non-Current Liabilities 13,317.6 7,927.4 203.0 199.0 219.8 220.2 227.8 224.5 217.3 231.9 197.8 197.6 197.4 225.3 225.2 197.0 206.9 268.5 191.7 45.1 44.0 53.9 405.8 417.8 82.7 67.6 57.5 77.4 77.4 77.3 77.2 77.2 77.1 59.6 61.2 43.1 20.6 20.7 16.2 17.7 31.8
Total Liabilities 13,317.6 7,927.4 7,814.5 7,740.7 7,792.0 7,623.9 7,487.8 7,465.6 7,383.0 7,429.7 7,441.7 7,505.0 7,230.6 7,791.4 7,957.5 6,530.9 6,483.9 6,803.1 5,678.5 4,028.0 3,993.8 4,012.6 4,168.3 4,009.2 3,220.8 3,060.3 2,676.9 2,642.7 2,641.5 2,709.2 2,623.0 2,550.9 2,859.3 2,567.6 2,484.7 2,473.0 2,007.1 2,024.5 1,992.9 1,972.5 1,129.2
Stockholders' Equity
Common Stock 0.2 0.1 0.1 0.1 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0
Retained Earnings 706.1 697.8 662.3 625.2 594.1 565.8 535.6 507.4 482.3 458.3 431.3 417.9 399.0 407.9 380.3 361.8 337.8 313.6 297.3 289.5 271.2 253.0 235.0 216.9 203.4 199.0 186.7 173.2 154.6 144.4 133.5 122.6 112.9 102.4 92.9 83.4 75.1 68.9 62.8 56.6 53.6
Accumulated Other Comprehensive Income (39.4) (23.5) (29.3) (36.9) (41.3) (48.6) (34.4) (55.3) (55.4) (53.2) (83.4) (65.3) (61.1) (57.5) (62.3) (43.2) (26.1) 3.1 6.5 8.7 7.4 12.7 13.5 13.3 7.6 4.4 4.7 3.2 (0.0) (5.6) (8.1) (6.7) (6.5) (2.1) (0.0) 0.3 (1.0) (2.7) 2.3 2.9 1.9
Total Stockholders' Equity 2,256.9 1,257.7 1,215.0 1,190.1 1,183.3 1,172.9 1,149.3 1,091.4 1,063.7 1,039.0 974.5 977.6 961.8 972.5 938.5 839.4 836.3 891.9 729.3 559.4 550.0 539.2 538.1 532.0 511.0 516.3 428.0 411.4 398.8 386.6 377.2 370.6 364.0 364.2 360.4 352.4 285.0 275.9 276.3 284.0 114.6
Total Liabilities & Equity 15,574.5 9,185.1 9,029.4 8,930.8 8,975.2 8,796.8 8,637.1 8,557.0 8,446.7 8,468.7 8,416.2 8,482.6 8,192.4 8,764.0 8,895.9 7,370.3 7,320.2 7,695.0 6,407.8 4,587.3 4,543.8 4,551.8 4,707.2 4,542.0 3,732.6 3,577.3 3,105.7 3,054.8 3,041.1 3,096.5 3,000.9 2,922.2 3,223.9 2,932.4 2,845.7 2,825.9 2,292.6 2,300.9 2,269.5 2,256.8 1,244.0
Debt Metrics
Total Debt 180.0 134.9 134.6 134.3 156.6 161.4 161.2 162.4 162.3 166.9 197.8 247.6 247.4 542.3 505.2 197.0 206.9 216.9 144.2 45.1 44.0 53.9 72.0 81.8 157.7 67.6 57.5 77.4 77.4 77.3 77.2 77.2 77.1 78.0 95.9 63.1 43.7 37.6 37.5 53.6 39.8
Net Debt 56.6 (525.4) (339.4) (288.3) (415.6) (375.6) (270.0) (250.0) (270.8) (330.9) (355.7) (267.4) 122.0 375.1 53.4 0.4 (208.7) (400.3) (1,230.5) (770.7) (719.2) (778.5) (814.6) (758.6) (103.0) (133.7) (91.9) (82.9) (78.4) (173.2) (84.2) (27.4) (356.4) (77.9) (2.0) (50.8) (3.1) (94.7) (71.3) (47.9) (62.2)
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
Operating Activities
Net Income 15.2 40.3 41.7 36.0 32.6 34.5 32.5 29.3 27.8 30.7 17.2 22.6 (8.9) 27.6 18.5 24.0 24.2 16.3 7.8 18.3 18.2 18.1 18.1 13.6 10.7 12.4 13.6 18.6 10.3 10.9 10.9 9.8 9.6 9.2 9.6 8.4 6.3 6.1 6.5 3.3 2.7
Depreciation & Amortization 2.2 4.0 3.6 3.5 3.9 3.3 4.4 4.4 4.8 5.2 3.9 5.1 4.2 4.9 5.2 5.0 6.8 4.6 4.1 2.5 2.7 3.1 2.6 2.8 2.2 2.1 2.1 2.1 1.1 1.6 1.5 1.4 1.7 0.0 3.4 2.1 1.6 0.9 1.1 2.7 0.5
Stock-Based Compensation 6.8 2.1 1.7 2.1 1.5 1.5 1.5 2.2 1.4 1.6 1.4 2.0 1.4 1.7 1.3 2.2 1.8 2.1 1.8 2.1 1.3 1.5 1.3 1.7 1.3 1.4 1.1 1.4 1.1 1.3 1.3 1.1 1.2 1.2 1.0 0.5 0.4 0.5 0.4 0.4 0.4
Change in Working Capital (14.5) (9.7) 3.2 (0.0) 4.4 (14.9) 5.7 6.9 (6.9) 1.3 3.3 2.8 (18.0) 6.2 4.2 (6.0) (4.6) (0.3) (4.7) (17.7) 13.2 1.7 7.9 6.4 (3.3) 1.8 7.8 (2.1) (1.3) (2.3) 4.0 (1.1) (1.1) (8.7) 2.1 1.2 (1.3) 1.0 0.5 (0.9) (2.3)
Other Non-Cash Items 6.5 (9.7) (4.4) (2.8) (0.5) 8.9 (4.4) (5.5) (3.6) (1.0) (3.9) 0.4 36.8 (10.4) 8.7 2.3 (6.1) 22.7 0.2 (0.3) 2.7 (9.8) 14.2 (16.4) 1.3 4.0 (7.2) (11.2) (0.9) (1.2) 2.8 0.7 (3.5) 9.1 (1.4) (3.7) (0.1) 4.5 (2.2) (1.9) 0.9
Operating Cash Flow 16.3 27.0 45.9 38.9 41.8 33.4 39.6 37.3 23.5 37.8 21.8 32.8 15.5 30.0 38.0 27.4 21.9 45.4 9.2 4.8 38.2 14.6 44.1 8.0 12.2 21.6 17.4 8.8 10.3 10.4 20.5 12.0 8.1 10.8 14.5 8.5 6.9 13.0 6.2 3.5 2.0
Investing Activities
Capital Expenditure (1.2) (3.1) 0.0 (0.5) (0.5) (5.3) (4.9) (2.9) (3.3) (3.1) (2.5) (6.9) (5.6) (4.3) (1.8) (4.2) (2.0) (5.9) (3.2) (3.2) (0.5) (1.1) (3.5) (1.3) (5.0) (0.9) (0.4) (0.8) (2.4) (1.3) (2.2) (0.4) (0.4) (0.8) (1.1) (1.9) 0.3 (0.2) (0.8) (2.1) (0.9)
Acquisitions 165.6 0 0 0 0 0 0 0 0 0 0 0 0 0 (28.2) 0 147.8 (27.1) 394.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9.1 0 0 0 66.7 (0.2)
Purchases of Investments (344.3) (30.0) (44.3) (30.9) (40.0) (24.7) (10.8) (27.9) (48.3) (40.0) (21.1) (8.2) (3.8) 5.3 (19.6) (21.0) (54.8) (643.0) (150.2) (41.4) (48.5) (42.4) (34.4) (19.7) (78.4) (38.5) (29.4) (11.3) (19.1) (19.6) (24.2) (18.4) (15.9) (14.1) (3.0) (1.1) (48.2) (24.6) (25.4) (30.9) (4.9)
Sales/Maturities of Investments 289.5 37.3 40.8 24.0 20.4 25.4 11.9 31.6 44.6 66.0 125.8 103.8 538.7 53.8 55.5 25.6 39.1 121.0 40.0 37.9 21.3 29.4 35.2 31.3 17.9 26.0 15.1 34.7 18.7 31.7 13.1 16.2 11.8 13.3 9.8 25.0 17.0 13.8 23.1 24.8 5.4
Other Investing Activities (43.8) 41.2 (34.6) (92.4) (118.1) (66.1) (37.2) (128.5) (42.0) (101.6) (13.4) 4.0 (40.4) (189.4) (175.5) (283.5) (59.2) (82.7) 43.2 31.3 (54.5) 123.7 (16.6) (212.3) (31.7) 27.2 (41.8) (18.7) (21.7) (19.6) (12.4) (24.6) (10.8) (32.4) (41.9) (37.1) (43.8) (11.2) (10.1) 41.0 (11.8)
Investing Cash Flow 65.8 45.4 (38.1) (99.8) (138.2) (70.8) (41.0) (127.7) (49.0) (78.7) 88.7 92.7 488.8 (134.5) (169.6) (283.1) 70.9 (637.6) 324.6 24.6 (82.2) 109.7 (19.2) (201.9) (97.2) 13.9 (56.4) 3.9 (24.5) (8.8) (25.7) (27.2) (15.3) (33.9) (36.3) (6.0) (74.7) (22.3) (13.3) 99.6 (12.5)
Financing Activities
Net Debt Issuance (48.2) 0 0 (22.4) (5) 5.2 (1.2) 0 (4.0) (31) (50) 0 (295) 37 147.1 (10) (10) (145.4) 70.4 1 (10) (352.1) (14.2) 260.0 90 (71.3) (20.1) (0.1) (0.1) (0.1) (0.1) (0.1) (1.1) (18.0) 32.7 (0.3) 6 0 (16.2) (89.4) (0.1)
Stock Repurchased (22.4) (1.4) (24.5) (37.4) (26.0) (10.1) 0 0 0 0 0 (1.5) 0 (0.8) 0 (6.3) (54.4) (28.1) (17.3) (12.5) (4.6) (13.1) (13.7) (0.0) (15.2) (8.7) (0.9) (13.1) (5.7) (5.5) (4.6) (4.6) (8.1) (7.5) (3.6) (3.8) (0.1) (2.2) (2.8) (0.3) (0.0)
Dividends Paid (6.9) (4.8) (4.7) (4.9) (4.3) (4.3) (4.2) (4.2) (3.8) (3.7) (3.7) (3.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 (74.6) 0 0 0 0 0 0 0 (0.6) 0 0 0 0 (0.5) (0.1) (0.0)
Other Financing Activities (41.5) 119.3 72.8 (24.0) 167.8 154.7 26.0 75.4 (30.8) 15.0 (16.4) 270.5 (250.1) (218.0) 241.6 56.9 (228.0) 8.5 171.0 38.6 (8.5) 188.6 33.8 514.5 69.9 148.9 48.9 0.4 (75.0) 90.7 66.8 (308.6) 294.0 104.3 (23.0) 69.7 (23.7) 34.4 28.9 (9.6) 25.1
Financing Cash Flow (126.9) 113.9 43.6 (88.6) 132.5 145.4 20.8 71.5 (38.4) (13.5) (69.9) 265.5 (544.9) (179.1) 388.9 40.8 (292.2) (163.1) 224.3 27.2 (23.1) (175.0) 6.0 774.6 144.9 2.6 28.1 (12.6) (80.6) 86.7 62.3 (313.7) 285.4 82.0 6.2 64.9 (17.0) 34.0 9.5 (99.4) 25.1
Cash Position
Net Change in Cash (44.8) 186.3 51.3 (149.5) 36.1 108.1 19.5 (18.9) (64.0) (54.4) 40.7 391.0 (40.5) (283.6) 257.3 (214.9) (199.4) (755.3) 558.2 56.6 (67.0) (50.7) 30.9 580.7 59.9 38.1 (11.0) 0.2 (94.8) 88.4 57.1 (328.9) 278.1 58.8 (15.5) 67.4 (84.8) 24.7 2.5 3.7 14.6
Cash at Beginning 660.2 474.0 422.6 572.2 536.0 428.0 408.5 427.4 491.4 545.9 505.2 114.2 154.7 438.3 181.0 395.9 595.3 1,350.6 792.4 735.9 802.9 853.6 822.7 242.0 182.1 144.0 154.9 154.8 249.5 161.2 104.1 433.0 154.9 96.1 111.6 44.3 129.1 104.4 101.9 98.2 83.6
Cash at End 615.5 660.2 474.0 422.6 572.2 536.0 428.0 408.5 427.4 491.4 545.9 505.2 114.2 154.7 438.3 181.0 395.9 595.3 1,350.6 792.4 735.9 802.9 853.6 822.7 242.0 182.1 144.0 154.9 154.8 249.5 161.2 104.1 433.0 154.9 96.1 111.6 44.3 129.1 104.4 101.9 98.2
Free Cash Flow 15.1 23.9 45.9 38.4 41.3 28.1 34.7 34.4 20.2 34.7 19.3 25.9 9.9 25.8 36.2 23.2 20.0 39.5 6.0 1.6 37.7 13.5 40.6 6.7 7.2 20.8 17.0 8.0 7.9 9.2 18.4 11.5 7.7 10.0 13.5 6.6 7.2 12.8 5.4 1.4 1.1
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
Income Statement
Revenue 102.1 139.4 144.0 138.3 131.0 132.5 135 128.5 123.5 130.7 116.4 108.9 63.2 100.8 83.7 73.7 73.9 73.8 52.7 58.5 54.0 56.2 56.0 54.4 46.6 49.5 47.0 53.1 42.3 42.1 42.5 40.8 39.6 38.5 39.6 36.0 29.9 29.8 31.3 24.7 16.3 17.0 16.0 16.4 16.8 16.2 16.3 15.2 15.5 15.7 17.7 13.7 9.9 10.5 9.9 9.6 9.5
Gross Profit 47.4 99.3 101.9 94.7 87.9 90.2 90.0 83.6 81.5 88.1 77.6 75.4 31.8 81.3 67.4 68.5 69.4 61.4 43.2 55.7 50.3 50.9 48.3 46.0 37.8 43.5 41.1 47.2 36.5 36.6 37.3 35.5 35.2 34.7 35.6 33.2 27.6 27.5 29.0 22.4 14.2 14.8 13.8 14.2 14.6 13.7 13.9 12.7 13.1 11.7 14.1 11.2 7.5 8.0 7.4 6.9 6.4
Operating Income 19.0 50.2 51.8 44.8 40.1 43.2 40.8 36.7 34.3 37.4 31.8 30.5 (13.1) 37.1 24.8 31.9 31.9 21.8 10.1 25.0 24.2 24.2 24.6 18.2 14.0 18.1 18.2 21.5 13.7 15.0 14.2 13.1 12.5 12.8 14.7 12.8 9.3 9.1 10.0 4.9 4.1 4.5 3.9 4.4 4.8 3.6 4.3 3.2 3.5 1.4 5.3 12.0 1.2 1.7 1.4 0.9 0.7
Net Income 15.2 40.3 41.7 36.0 32.6 34.5 32.5 29.3 27.8 30.7 17.2 22.6 (8.9) 27.6 18.5 24.0 24.2 16.3 7.8 18.3 18.2 18.0 18.1 13.5 10.6 12.3 13.5 18.5 10.3 10.9 10.9 9.7 9.6 9.1 9.5 8.3 6.2 6.1 6.5 3.3 2.7 2.8 2.6 2.9 3.1 2.4 2.8 2.6 2.2 1.0 2.9 11.5 0.8 0.9 1.0 0.6 0.5
EPS (Diluted) 1.00 2.65 2.72 2.34 2.08 2.19 2.10 1.92 1.82 2.02 1.14 1.51 -0.61 1.83 1.29 1.73 1.70 1.25 0.73 1.77 1.75 1.74 1.72 1.28 0.98 1.18 1.40 1.91 1.05 1.11 1.09 0.98 0.94 0.89 0.91 0.83 0.69 0.68 0.69 0.39 0.57 0.63 0.58 0.66 0.70 0.55 0.63 0.58 0.50 0.22 0.62 2.78 0.11 0.16 0.15 0.08 0.05
Balance Sheet
Cash & Equivalents 123.4 660.2 474.0 422.6 572.2 537.0 431.2 412.5 433.1 497.8 553.5 515.0 125.5 167.2 451.8 196.5 415.6 617.2 1,374.7 815.8 763.1 832.4 886.5 840.5 260.8 201.4 149.4 160.3 155.8 250.5 161.4 104.6 433.5 155.9 97.9 113.9 46.8 132.4 108.8 101.5 102.0
Total Assets 15,574.5 9,185.1 9,029.4 8,930.8 8,975.2 8,796.8 8,637.1 8,557.0 8,446.7 8,468.7 8,416.2 8,482.6 8,192.4 8,764.0 8,895.9 7,370.3 7,320.2 7,695.0 6,407.8 4,587.3 4,543.8 4,551.8 4,707.2 4,542.0 3,732.6 3,577.3 3,105.7 3,054.8 3,041.1 3,096.5 3,000.9 2,922.2 3,223.9 2,932.4 2,845.7 2,825.9 2,292.6 2,300.9 2,269.5 2,256.8 1,244.0
Total Debt 180.0 134.9 134.6 134.3 156.6 161.4 161.2 162.4 162.3 166.9 197.8 247.6 247.4 542.3 505.2 197.0 206.9 216.9 144.2 45.1 44.0 53.9 72.0 81.8 157.7 67.6 57.5 77.4 77.4 77.3 77.2 77.2 77.1 78.0 95.9 63.1 43.7 37.6 37.5 53.6 39.8
Stockholders' Equity 2,256.9 1,257.7 1,215.0 1,190.1 1,183.3 1,172.9 1,149.3 1,091.4 1,063.7 1,039.0 974.5 977.6 961.8 972.5 938.5 839.4 836.3 891.9 729.3 559.4 550.0 539.2 538.1 532.0 511.0 516.3 428.0 411.4 398.8 386.6 377.2 370.6 364.0 364.2 360.4 352.4 285.0 275.9 276.3 284.0 114.6
Cash Flow
Operating Cash Flow 16.3 27.0 45.9 38.9 41.8 33.4 39.6 37.3 23.5 37.8 21.8 32.8 15.5 30.0 38.0 27.4 21.9 45.4 9.2 4.8 38.2 14.6 44.1 8.0 12.2 21.6 17.4 8.8 10.3 10.4 20.5 12.0 8.1 10.8 14.5 8.5 6.9 13.0 6.2 3.5 2.0
Capital Expenditure (1.2) (3.1) 0.0 (0.5) (0.5) (5.3) (4.9) (2.9) (3.3) (3.1) (2.5) (6.9) (5.6) (4.3) (1.8) (4.2) (2.0) (5.9) (3.2) (3.2) (0.5) (1.1) (3.5) (1.3) (5.0) (0.9) (0.4) (0.8) (2.4) (1.3) (2.2) (0.4) (0.4) (0.8) (1.1) (1.9) 0.3 (0.2) (0.8) (2.1) (0.9)
Free Cash Flow 15.1 23.9 45.9 38.4 41.3 28.1 34.7 34.4 20.2 34.7 19.3 25.9 9.9 25.8 36.2 23.2 20.0 39.5 6.0 1.6 37.7 13.5 40.6 6.7 7.2 20.8 17.0 8.0 7.9 9.2 18.4 11.5 7.7 10.0 13.5 6.6 7.2 12.8 5.4 1.4 1.1