National Storage Affiliates Trust logo NSA - National Storage Affiliates Trust

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 1
HOLD 16
SELL 2
STRONG
SELL
0
| PRICE TARGET: $35.50 DETAILS
HIGH: $42.00
LOW: $32.00
MEDIAN: $33.00
CONSENSUS: $35.50
DOWNSIDE: 16.88%
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
Revenue
Revenue 185.4 187.0 188.7 188.8 188.4 190.1 193.6 190.4 196.1 215.4 219.1 217.4 209.7 210.9 208.9 200.9 188.7 175.3 152.5 139.4 123.8 114.6 109.5 104.5 103.9 100.6 101.3 95.4 90.6 89.3 85.4 79.7 76.5 73.4 68.9 64.3 61.6 59.2 52.9 47.3 39.6 38.3 35.7 31.6 28.3 26.7 20.9 16.2 13.2 12.5 11.9 8.4 7.3
Cost of Revenue 144.3 240.8 55.3 55.6 55.1 52.2 52.7 52.2 54.7 56.8 170.3 57.3 57.3 43.7 56.3 53.9 49.9 39.0 40.0 36.8 34.9 26.0 32.1 30.5 31.4 23.0 29.0 27.2 26.5 26.9 26.6 25.2 25.2 23.3 21.6 19.8 19.7 18.7 17.3 15.5 13.3 12.7 12 10.8 9.8 9.2 7.7 6.0 4.9 4.4 4.7 5.9 2.9
Gross Profit 41.1 (53.8) 133.4 133.2 133.2 137.9 140.9 138.2 141.5 158.6 48.9 160.0 152.3 167.2 152.6 147.0 138.8 136.3 112.5 102.6 88.9 88.6 77.4 74.0 72.5 77.5 72.3 68.2 64.1 62.4 58.8 54.5 51.3 50.1 47.2 44.5 41.8 40.4 35.6 31.8 26.4 25.6 23.7 20.8 18.4 17.5 13.2 10.2 8.2 8.1 7.2 2.5 4.4
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 0
SG&A Expenses 13.2 13.7 11.5 12.8 13.1 12.6 13.1 16.2 15.7 15.0 0 14.4 14.8 24.9 15.3 14.7 14.0 20.5 13.0 12.4 11.2 16.8 10.8 10.3 11.1 16.7 12.0 11.2 10.8 10.6 8.8 8.5 8.3 8.0 7.5 7.4 7.2 7.1 5.3 4.8 4.3 4.4 4.1 4.2 3.6 2.7 2.3 1.8 1.3 2.6 0.9 0.7 0.5
Other Expenses (43.0) (139.4) 51.0 52.1 52.6 51.5 51.3 50.1 50.8 56.6 (36.6) 0 0 0.4 0 0 0 0.4 0 0 0 0.4 0 0 0 0.1 (0.0) (0.2) (0.1) (0.2) 0.2 22.4 (0.1) 0.0 (0.0) (0.0) (0.1) (0.1) (0.1) (0.2) (0.1) (0.0) (0.1) (0.1) (0.1) (0.0) (0.5) (0.4) (0.2) 0.0 0 0 0.0
Operating Expenses (29.8) (125.7) 62.4 64.9 65.7 64.1 64.4 66.3 66.5 71.5 (36.6) 14.4 14.8 25.3 15.3 14.7 14.0 20.9 13.0 12.4 11.2 17.2 10.8 10.3 11.1 16.8 39.6 37.0 35.1 33.5 31.3 30.8 29.7 28.2 25.9 25.2 25.9 23.9 19.6 17.9 15.2 14.9 14.4 14.2 13.5 11.2 9.1 6.5 5.2 6.2 4.1 2.4 1.5
Operating Income
Operating Income 70.9 71.9 70.9 68.3 67.5 73.7 76.5 72.0 75.0 87.1 85.5 145.6 137.5 141.8 137.3 132.3 124.8 115.4 99.5 90.2 77.6 71.4 66.6 63.6 61.4 60.7 31.5 29.4 26.8 28.9 27.5 23.7 21.6 21.9 21.3 19.3 15.9 16.6 16.0 13.9 11.1 10.7 9.3 6.7 5.0 6.3 4.1 3.7 3.1 2.0 3.2 0.1 2.9
Interest Expense 38.0 40.2 40.5 41.3 40.5 39.3 39.6 37.2 38.1 45.4 43.1 39.7 37.9 34.6 28.9 24.4 22.6 19.8 18.1 17.3 16.8 16.2 15.3 15.5 15.6 14.9 14.4 13.9 13.2 12.0 10.7 10.5 9.6 9.3 9.2 8.2 7.5 7.1 6.3 5.8 4.9 4.7 4.2 4.8 7.0 7.4 5.5 4.7 5.4 6.3 0 0 4.2
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.5 4.7 0
Profitability
EBITDA 112.3 124.6 117.3 120.0 109.2 115.1 117.9 116.8 181.4 206.2 133.9 141.9 136.3 141.3 136.7 131.8 124.3 114.3 98.5 89.9 77.2 71.9 66.1 63.2 61.0 60.7 59.1 55.2 51.1 49.9 50.1 46.0 42.7 41.9 38.9 36.2 33.7 31.8 30.4 27.0 22.0 25.3 16.7 16.6 14.8 23.1 7.7 3.3 6.7 12.2 6.3 1.8 3.9
EBIT 66.2 77.9 70.4 72.3 61.1 66.9 70.2 70.0 134.1 152.2 78.0 85.2 80.9 83.7 77.1 73.9 66.3 63.4 59.6 53.8 44.8 42.1 37.1 33.9 31.9 33.4 31.2 31.9 26.6 26.8 27.8 23.6 21.8 21.7 20.5 24.0 15.0 13.1 14.3 12.0 9.9 10.1 6.4 4.9 4.2 5.0 0.4 (1.4) 2.6 1.7 3.2 0.1 2.9
Income Before Tax 28.2 37.8 29.9 31.1 20.6 27.6 30.6 32.8 96.0 106.8 44.0 46.2 41.6 51.4 42.3 49.2 45.6 43.3 41.2 36.4 27.8 25.3 21.8 18.0 16.0 19.2 16.7 18.0 13.4 14.8 17.1 13.1 12.1 12.4 11.4 15.9 7.5 6.1 7.9 6.0 4.8 5.4 2.1 0.1 (2.8) (2.4) (5.0) (6.2) (2.8) (4.5) (1.3) (4.6) (1.3)
Income Tax Expense 0.5 1.0 0.9 0.1 1.1 1.5 0.9 0.5 0.9 (1.3) 0.9 0.7 1.2 1.0 2.1 0.7 0.8 0.4 0.4 0.7 0.2 0.8 0.3 0.2 0.3 0.4 0.2 0.2 0.5 0.3 0.3 0.0 0.1 0.4 0.2 0.3 0.3 0 0 0.5 3.9 0 0 0 (2.8) (2.4) (5.0) (6.2) (2.8) (4.5) 0 (4.6) 0
Net Income 17.8 22.9 18.4 19.5 13.0 16.7 18.7 17.1 59.0 69.0 29.2 29.4 29.0 31.3 22.2 25.0 25.2 25.5 30.2 28.7 20.8 18.1 13.5 10.4 6.6 13.1 (8.9) (7.7) 7.4 (6.6) 4.4 5.9 7.9 (1.2) 1.3 2.4 0.5 8.4 (0.0) 7.4 2.2 4.6 4.4 3.5 0 0 0 0 0 0 1.3 0 (1.3)
Per Share Data
EPS (Basic) 0.16 0.24 0.17 0.19 0.10 0.15 0.18 0.16 0.67 0.77 0.28 0.28 0.45 0.56 0.44 0.53 0.49 0.25 0.31 0.33 0.24 0.21 0.15 0.15 0.11 0.22 -0.15 -0.13 0.13 -0.12 0.08 0.12 0.16 -0.03 0.03 0.05 0.01 0.22 -0.00 0.32 0.10 0.20 0.19 0.22 0.06 -0.06
EPS (Diluted) 0.16 0.24 0.17 0.19 0.10 0.15 0.18 0.16 0.65 0.72 0.26 0.28 0.27 0.56 0.44 0.53 0.49 0.16 0.26 0.25 0.19 0.18 0.15 0.15 0.11 0.11 -0.15 -0.13 0.13 -0.12 0.08 0.12 0.09 -0.03 0.03 0.05 0.01 0.07 -0.00 0.08 0.07 0.08 0.03 0.00 0.06 -0.06
Shares Outstanding 77.1 77.0 76.7 76.5 76.4 76.8 75.8 75.2 80.2 82.6 87.0 88.3 89.5 90.6 91.5 91.5 91.3 89.8 86.3 76.7 71.8 69.2 68.9 68.2 59.8 59.0 59.3 57.5 56.7 56.0 55.7 50.5 50.3 45.8 44.3 44.2 43.4 38.2 35.1 23.1 23.0 23 23 15.5 40.5 20 20 20 20 20 20 20 20
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 27.6 23.6 26.3 26.1 19.3 50.4 69.9 59.0 64.2 65.0 58.8 44.0 44.3 35.3 33.4 32.3 26.6 25.0 69.2 22.4 19.5 18.7 16.8 17.3 18.7 24.3 44.7 15.3 15.9 13.2 15.0 16.4 15.3 13.4 13.7 13.6 14.2 12.6 11.5 9.9 8.5
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 16.4 18.0 19.0 21.9 20.3 26.9 27.0 24.6 17.9 22.1 28.3 27.2 20.7 22.7 20.5 15.0 14.2 13.1 4.3 2.8 2.2 2.7 2.5 2.8 2.8 10.3 3.4 3.4 3.2 3.4 29.2 2.5 3.8 4.5 3.6 3.3 2.9 3.6 2 1.3 1.0
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 (16.5) (14.9) (10.0) (14.3) (28.4) (9.3) (9.2) 1.6 (7.5) (8.9) (10.8) 13.9 18.7 (4.0) 0
Other Current Assets 10.1 0 13.0 18.6 8.8 11.7 21.1 20.8 33.8 587.7 15.6 17.3 19.6 33.0 4.0 3.3 2.5 2.9 20.2 20.2 18.9 18.9 18.6 16.7 16.4 (34.6) 10.2 9.9 9.2 7.4 6.0 11.2 8.3 7.0 8.4 19.6 6.3 4.6 6.7 6.7 6.0
Total Current Assets 54.1 41.7 58.3 66.6 48.3 89.1 118.0 104.4 116.0 674.7 102.7 88.5 84.6 91.0 69.5 62.2 52.1 50.6 93.8 45.4 40.6 40.3 37.9 36.7 37.9 0 50.2 19.8 31.8 16.4 50.2 23.5 18.2 18.0 25.6 27.5 23.4 29.3 34.8 13.9 15.5
Non-Current Assets
Property, Plant & Equipment 23.0 20.6 22.9 23.6 23.8 24.0 24.5 25.9 24.8 25.0 25.9 25.6 25.9 25.4 23.9 25.2 29.5 24.4 4,157.0 3,596.7 3,359.1 3,220.4 2,990.2 2,990.2 2,977.1 25.2 23.5 23.0 25.6 22.6 31.6 19.6 2.5 6.5 3.6 1.9 1.5 1.7 6.4 2.8 0.9
Goodwill 8.2 0 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 0 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 0 0 0
Intangible Assets 136.5 107.1 140.4 142.5 144.4 146.3 147.3 54.5 55.0 56.7 58.1 60.0 63.2 46.2 51.4 55.4 63.2 69.3 48.7 42.2 39.6 38.6 35.2 36.6 38.6 0 31.8 34.5 18.3 16.3 13.7 17.7 19.7 19.6 17.8 18.0 19.6 23.0 7.8 6.3 4.2
Long-Term Investments 227.3 4,839.3 235.4 231.4 235.6 246.2 257.4 230.3 240.0 211.4 215.2 219.1 223.1 227.4 231.7 234.1 184.5 188.2 192.0 195.6 199.3 202.5 206.3 210.1 213.5 0 228.4 233.3 238.6 245.1 250.8 88.7 90.1 89.1 88.2 89.9 79.7 81.5 5.1 0 0
Other Non-Current Assets 4,584.7 (4,946.4) 4,677.1 4,709.0 4,794.8 4,840.7 4,834.3 4,897.9 4,922.9 4,955.9 5,755.2 5,760.1 5,780.5 5,671.8 5,679.0 5,374.0 5,283.8 5,221.9 21.6 3.2 4.8 3.6 3.2 3.2 3.6 (52.2) 63.3 59.4 1.0 75.1 1.5 78.2 58.6 52.6 2.4 42.1 2.8 44.7 23.4 1,353.3 1,159.3
Total Non-Current Assets 4,979.6 20.6 5,084.0 5,114.7 5,206.7 5,265.4 5,271.7 5,216.7 5,250.9 5,257.1 6,062.4 6,072.9 6,100.8 5,979.0 5,994.2 5,696.8 5,569.3 5,512.0 4,427.5 3,845.8 3,611.0 3,473.2 3,243.1 3,248.3 3,241.0 0 3,060.6 3,042.1 2,864.2 2,712.9 2,665.2 2,437.0 2,373.7 2,248.8 2,047.3 1,950.0 1,882.4 1,862.8 1,547.3 1,362.5 1,164.4
Total Assets 5,033.8 5,080.1 5,142.3 5,181.3 5,255.0 5,354.5 5,389.7 5,321.1 5,366.9 5,931.8 6,165.2 6,161.4 6,185.4 6,070.0 6,063.7 5,759.0 5,621.4 5,562.6 4,521.2 3,891.2 3,651.6 3,513.6 3,280.9 3,285.1 3,278.9 3,084.2 3,110.8 3,061.9 2,896.0 2,729.3 2,715.4 2,460.6 2,391.9 2,266.7 2,073.0 1,977.5 1,905.7 1,892.1 1,582.1 1,376.3 1,179.9
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 78.6 0 0 0 0 59.3 62.6 48.1 42.3 47.0 51.3 42.6 40.1 0 78.8 53.1 37.7 33.1 36.0 27.0 24.1 24.5 27.9 21.1 21.4 21.6 22.3 16.3 11.9
Short-Term Debt 412.4 376.7 399.4 398.9 420.8 443.3 406.8 222 138 381 812 550 660.5 496 432 285 425 490 0.6 1.3 5.3 0 87.4 127.2 121.8 39.5 1.1 2.4 3.6 0 1.2 5.1 72.6 0 1.3 2.5 5.6 0 2.2 109.9 259.5
Deferred Revenue 20.7 0 20.4 20.6 20.3 20.0 20.8 21.4 22.4 27.4 27.0 25.1 24.7 23.2 23.1 23.7 23.4 22.2 0 0 0 0 0 0 0 0 16.0 16.2 16.1 15.7 15.8 13.5 13.5 12.7 12.7 12.7 12.6 12.5 7.8 7.4 6.1
Other Current Liabilities 97.7 0 109.6 93.6 92.0 98.7 108.4 93.0 87.9 92.8 109.4 87.0 0 80.4 92.5 68.2 60.7 0 0 0 0 0 0 0 0 (39.5) (55.6) (32.0) (17.1) (33.1) (37.2) (32.1) (96.7) (24.5) (29.2) (23.6) (27.0) (21.6) (24.5) (126.2) (271.4)
Total Current Liabilities 530.8 376.7 529.4 513.1 533.1 562.0 536.0 336.5 248.2 501.1 948.4 662.1 763.8 599.6 547.6 376.9 509.0 571.5 63.1 49.3 47.7 49.0 139.1 170.7 163.3 0 94.9 303.8 331.3 188.4 215.3 120.7 110.2 125.6 241.6 33.7 136.4 280.6 122.9 142.1 279.9
Non-Current Liabilities
Long-Term Debt 3,004.4 3,030.7 3,004.0 3,003.8 3,005.9 3,005.8 3,021.5 3,143.8 3,147.5 3,277.2 3,035.0 3,089.5 2,983.1 3,055.2 3,055.7 2,857.3 2,574.8 2,450.9 2,176.1 2,111.0 1,979.5 1,994.9 1,741.0 1,705.6 1,694.6 1,494.6 0 0 0 0 0 0 0 0 0 788.1 0 632.5 0 0 374.8
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 (1,479.9) (1,024.8) (884.1) (999.1) (902.2) (989.5) (924.4) (781.1) (669.9) (788.1) (688.8) (386.0) (551.6) (534.8) (115.4)
Other Non-Current Liabilities 1.1 98.7 4.5 4.0 1.2 0.5 7.8 0 0 3.5 0 0 8.0 0.5 0 0 3.8 33.8 20.2 19.1 18.3 16.4 15.9 15.8 16.1 (1,534.7) 1,518.3 1,219.7 1,137.4 1,122.9 1,050.0 1,056.1 983.4 856.9 858.1 168.3 778.7 255.7 629.3 644.7 0
Total Non-Current Liabilities 3,027.9 3,169.7 3,030.9 3,030.5 3,029.7 3,029.1 3,052.8 3,167.6 3,171.6 3,304.8 3,060.1 3,114.9 3,016.6 3,081.4 3,079.1 2,880.9 2,602.3 2,508.7 2,220.4 2,154.4 2,022.3 2,034.1 1,781.4 1,745.6 1,734.5 0 1,558.7 1,259.3 1,161.6 1,138.6 1,065.7 1,069.7 997.0 869.6 870.9 969.1 791.3 632.5 637.1 644.7 374.8
Total Liabilities 3,558.7 3,546.3 3,560.3 3,543.6 3,562.8 3,591.1 3,588.8 3,504.0 3,419.8 3,806.0 4,008.4 3,777.0 3,780.4 3,681.0 3,626.7 3,257.7 3,111.4 3,080.1 2,283.6 2,203.7 2,070.0 2,083.1 1,920.5 1,916.3 1,897.8 1,632.1 1,653.6 1,563.1 1,492.8 1,327.0 1,281.1 1,190.3 1,107.2 995.2 1,112.5 1,002.9 927.7 913.0 760.1 786.8 654.8
Stockholders' Equity
Common Stock 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.2 0.2
Retained Earnings (683.6) (652.2) (626.1) (595.6) (566.3) (530.7) (498.8) (469.8) (439.7) (449.9) (468.6) (445.8) (420.4) (396.6) (375.0) (343.8) (315.0) (291.3) 0 0 0 0 0 0 0 (197.1) (187.3) (156.2) (126.3) (114.1) (87.9) (73.3) (62.0) (55.7) (38.1) (27.9) (18.7) (8.7) (8.0) (0.1) (2.4)
Accumulated Other Comprehensive Income 6.2 4.4 4.9 6.0 9.3 15.5 19.5 25.9 27.8 21.1 44.4 36.9 25.2 40.5 42.9 24.4 11.7 (19.6) (302.9) (296.2) (290.8) (300.8) (296.9) (286.4) (266.3) 0 (17.3) (5.5) 7.5 13.6 22.7 20.2 17.5 12.3 8.7 8.7 10.7 9.0 (0.2) (0.7) (0.7)
Total Stockholders' Equity 912.8 946.0 973.1 1,002.1 1,034.0 1,076.0 986.9 1,191.2 1,277.0 1,422.2 1,456.6 1,625.4 1,635.4 1,648.2 1,698.7 1,748.8 1,747.0 1,775.2 1,608.8 1,167.3 1,084.7 969.0 915.2 917.6 923.5 919.6 915.7 957.6 893.4 916.8 950.5 821.2 829.3 841.0 566.4 575.5 582.9 577.1 443.1 252.2 236.2
Total Liabilities & Equity 5,033.8 5,080.1 5,142.3 5,181.3 5,255.0 5,354.5 5,389.7 5,321.1 5,366.9 5,931.8 6,165.2 6,161.4 6,185.4 6,070.0 6,063.7 5,759.0 5,621.4 5,562.6 4,521.2 3,891.2 3,651.6 3,513.6 3,280.9 3,285.1 3,278.9 3,084.2 3,110.8 3,061.9 2,896.0 2,729.3 2,715.4 2,460.6 2,391.9 2,266.7 2,073.0 1,977.5 1,905.7 1,892.1 1,582.1 1,376.3 1,179.9
Debt Metrics
Total Debt 3,439.2 3,427.7 3,425.8 3,425.3 3,449.3 3,472.0 3,451.8 3,389.6 3,309.6 3,682.4 3,872.1 3,664.9 3,669.1 3,576.9 3,511.1 3,165.9 3,023.5 2,964.9 2,200.8 2,136.6 2,009.4 2,019.6 1,853.4 1,857.8 1,841.6 1,558.7 1,558.7 1,493.8 1,439.1 1,278.1 1,229.2 1,149.8 1,069.6 958.1 1,071.9 969.1 893.8 879.0 722.6 754.7 634.3
Net Debt 3,411.5 3,404.1 3,399.5 3,399.2 3,430.1 3,421.6 3,381.9 3,330.6 3,245.3 3,617.4 3,813.2 3,620.8 3,624.8 3,541.6 3,477.7 3,133.5 2,996.9 2,939.9 2,131.6 2,114.2 1,989.9 2,000.9 1,836.6 1,840.5 1,822.9 1,534.4 1,514.0 1,478.5 1,423.2 1,264.9 1,214.2 1,133.4 1,054.3 944.7 1,058.2 955.5 879.6 866.4 711.1 744.7 625.8
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 27.7 43.0 29.0 31.0 19.5 26.1 29.8 32.3 95.1 108.1 43.1 45.5 40.4 50.4 40.2 48.4 44.8 42.9 40.7 35.7 27.6 24.5 21.4 17.8 15.8 18.8 16.5 17.7 12.9 14.5 16.8 13.0 12.0 12.0 11.2 15.6 7.2 6.1 7.9 6.0 4.8
Depreciation & Amortization 46.1 46.7 46.9 47.6 48.1 48.2 47.7 46.7 47.3 54.0 55.8 56.7 55.5 57.6 59.6 57.9 58.1 50.9 39.0 36.1 32.4 29.8 28.9 29.3 29.1 27.3 27.6 25.8 24.3 22.9 22.5 22.4 21.4 20.2 18.5 17.8 18.7 16.8 14.3 13.1 10.9
Stock-Based Compensation 2.4 2.9 3.1 3.1 3.1 2.2 1.9 2.3 1.9 1.7 1.7 1.7 1.6 1.6 1.5 1.6 1.5 1.4 1.5 1.3 1.3 1.2 1.2 1.2 0.8 1.2 1.2 1.1 1.1 1.0 1.0 0.9 0.9 0.9 0.9 0.9 1.0 0.7 0.7 0.6 0.6
Change in Working Capital 11.0 (13.4) 15.0 (2.5) 4.4 (8.9) 13.6 (7.1) 2.3 (11.1) 23.4 (1.0) 5.5 (17.5) 15.5 4.4 3.3 (7.0) 9.0 2.8 (1.2) (6.6) 6.0 3.0 0.8 (4.4) 6.1 (0.5) 2.2 (6.3) 7.6 2.4 (1.5) (5.3) 6.6 (3.4) (0.8) 2.4 4.4 2.1 1.3
Other Non-Cash Items 0.2 (6.4) 6.1 0.7 10.5 12.5 12.8 9.0 (52.6) (58.6) 5.4 5.6 6.7 1.9 6.0 4.7 2.4 4.6 4.2 4.3 3.9 4.1 4.4 3.8 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.1 (0.0) (0.1) (0.1) 0.1
Operating Cash Flow 87.4 72.8 100.2 79.9 85.6 80.1 105.7 83.2 94.0 94.0 129.4 108.4 109.8 93.9 122.9 117.0 110.1 92.7 94.4 80.2 64.1 53.0 62.0 55.0 50.7 46.6 56.6 47.1 46.4 38.1 49.4 40.4 33.9 29.4 39.3 27.3 28.2 28.1 27.3 22.0 17.7
Investing Activities
Capital Expenditure (10.6) (14.2) (12.3) (6.3) (5.8) (5.9) (38.0) (3.8) (5.6) (8.5) (25.3) (9.5) (9.1) (9.1) (13.8) (12.3) (8.6) (8.2) (6.4) (7.6) (5.7) (3.4) (4.5) (3.8) (5.1) (4.7) (12.1) (6.5) (4.3) (4.8) (4.4) (6.3) (4.0) (4.9) (3.1) (4.0) (3.2) (3.0) (4.6) (3.4) (0.9)
Acquisitions (0.6) 12.8 (8.3) (4.5) 0 0 36.1 (0.4) (35.8) (16.9) 16.9 (16.9) (16.9) 1.7 (1.7) 0 0 (2.9) 0 0 0 (1.3) 0 0 (3.1) 6.6 0 (6.6) 0 165.6 (163.3) 0 (2.4) (2.6) 0 (12.6) 0 (98.0) (4.9) 0 0
Purchases of Investments 0 0 0 0 0 0 61.2 0 0 0 0 0 (26.8) (7.6) (315.5) (153.2) 0 0 0 0 0 0 0 0 4.9 (12.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 (616.8) 0 0 0 0 0 16.9 4.8 315.5 0 0 0 0 0 0 0 0 0 7.6 5.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 9.7 10.4 6.0 46.1 (3.9) (39.6) 483.7 (18.5) 608.8 262.5 (13.9) 9.0 (0.2) (1.0) (312.6) 4.1 (74.9) (1,001.2) (587.4) (248.6) (149.4) (239.9) (24.6) (32.6) (215.4) (24.0) (34.2) (161.2) (139.4) (214.8) (104.9) (76.6) (98.8) (184.6) (122.3) (63.2) (21.4) (198.8) (208.1) (63.1) (62.9)
Investing Cash Flow (1.4) 9.0 (14.7) 35.2 (9.7) (45.5) (73.7) (22.7) 567.4 237.0 (22.3) (17.4) (36.2) (11.1) (328.1) (161.4) (83.5) (1,012.3) (587.6) (248.7) (149.4) (241.2) (24.6) (32.8) (211.1) (28.7) (46.3) (174.4) (143.7) (54.0) (272.6) (82.8) (105.1) (192.2) (125.3) (67.2) (24.6) (299.8) (212.8) (66.5) (63.8)
Financing Activities
Net Debt Issuance 10.9 0.9 (0.1) (22.4) (23.0) 20.1 64.3 79.4 (373.4) (188.0) 206.7 (3.9) 93.4 62.9 345.9 143.9 58.9 813.9 71.5 125.5 15.4 176.5 (0.2) 9.7 197.4 (1.3) 69.2 55.7 136.7 49.8 79.4 81.3 104.8 (113.7) 103.7 75.5 16.2 156.6 (31.6) 68.0 60.9
Stock Repurchased (9.8) 0 (3.1) (0.1) 0 0 0 (81.2) (203.5) (27.4) (213.4) 0 (69.3) (40.0) (50.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (49.1) (49.0) (48.9) (48.8) (48.7) (48.6) (47.7) (47.1) (48.9) (50.3) (52.0) (55.2) (52.4) (52.9) (53.4) (53.8) (49.0) (44.1) (39.7) (32.7) (28.3) (27.5) (26.8) (25.9) (23.0) (22.9) (22.3) (22.2) (19.6) (19.6) (19.0) (17.2) (16.7) (16.4) (11.5) (11.5) (10.6) (9.1) (7.9) (5.1) (4.6)
Other Financing Activities (33.3) (37.9) (33.4) (36.0) (34.8) (33.9) (37.1) (33.7) (34.2) (38.2) (35.0) (36.5) (35.6) (47.9) (35.5) (39.2) (35.2) (33.7) (28.2) (24.8) (23.1) (21.2) (17.9) (17.7) (19.8) (20.3) (26.8) 23.5 (16.8) (18.3) (16.7) (16.6) (15.4) 150.3 (15.7) (14.4) (14.4) (15.3) (12.2) (17.8) (8.9)
Financing Cash Flow (81.3) (86.1) (85.6) (107.3) (106.5) (62.3) (20.6) (82.5) (660.0) (304.0) (93.8) (95.5) (63.9) (78.0) 207.0 50.9 (25.3) 873.8 540.9 171.7 86.4 188.6 (39.0) (22.0) 158.8 (43.8) 20.1 127.6 100.4 12.4 219.4 47.8 73.0 160.8 76.8 50.2 (1.7) 272.7 187.1 46.0 47.9
Cash Position
Net Change in Cash 4.7 (4.2) (0.1) 7.8 (30.6) (27.7) 11.4 (22.0) 1.4 27.0 13.3 (4.5) 9.6 4.8 1.8 6.5 1.3 (45.7) 47.6 3.2 1.1 0.4 (1.6) 0.2 (1.6) (25.9) 30.5 0.3 3.1 (3.4) (3.8) 5.3 1.8 (1.9) (9.2) 10.3 1.9 1.1 1.5 1.4 1.8
Cash at Beginning 23.6 27.9 27.9 20.2 50.8 78.4 67.0 89.1 87.7 60.6 47.3 51.8 42.2 37.4 35.6 29.1 27.9 73.6 26.0 22.8 21.7 21.3 22.9 22.7 24.3 50.2 19.8 19.4 16.4 19.7 23.5 18.2 16.4 18.4 27.5 17.2 15.3 11.5 9.9 8.5 6.7
Cash at End 28.4 23.6 27.9 27.9 20.2 50.8 78.4 67.0 89.1 87.7 60.6 47.3 51.8 42.2 37.4 35.6 29.1 27.9 73.6 26.0 22.8 21.7 21.3 22.9 22.7 24.3 50.2 19.8 19.4 16.4 19.7 23.5 18.2 16.4 18.4 27.5 17.2 12.6 11.5 9.9 8.5
Free Cash Flow 76.8 58.6 87.9 73.5 79.8 74.3 67.7 79.4 88.4 85.5 104.1 98.9 100.6 84.8 109.1 104.7 101.5 84.5 88.0 72.5 58.4 49.6 57.5 51.2 45.6 41.9 44.5 40.6 42.1 33.3 45.0 34.2 29.9 24.5 36.3 23.3 25.0 25.2 22.6 18.6 16.8
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
Income Statement
Revenue 185.4 187.0 188.7 188.8 188.4 190.1 193.6 190.4 196.1 215.4 219.1 217.4 209.7 210.9 208.9 200.9 188.7 175.3 152.5 139.4 123.8 114.6 109.5 104.5 103.9 100.6 101.3 95.4 90.6 89.3 85.4 79.7 76.5 73.4 68.9 64.3 61.6 59.2 52.9 47.3 39.6 38.3 35.7 31.6 28.3 26.7 20.9 16.2 13.2 12.5 11.9 8.4 7.3
Gross Profit 41.1 (53.8) 133.4 133.2 133.2 137.9 140.9 138.2 141.5 158.6 48.9 160.0 152.3 167.2 152.6 147.0 138.8 136.3 112.5 102.6 88.9 88.6 77.4 74.0 72.5 77.5 72.3 68.2 64.1 62.4 58.8 54.5 51.3 50.1 47.2 44.5 41.8 40.4 35.6 31.8 26.4 25.6 23.7 20.8 18.4 17.5 13.2 10.2 8.2 8.1 7.2 2.5 4.4
Operating Income 70.9 71.9 70.9 68.3 67.5 73.7 76.5 72.0 75.0 87.1 85.5 145.6 137.5 141.8 137.3 132.3 124.8 115.4 99.5 90.2 77.6 71.4 66.6 63.6 61.4 60.7 31.5 29.4 26.8 28.9 27.5 23.7 21.6 21.9 21.3 19.3 15.9 16.6 16.0 13.9 11.1 10.7 9.3 6.7 5.0 6.3 4.1 3.7 3.1 2.0 3.2 0.1 2.9
Net Income 17.8 22.9 18.4 19.5 13.0 16.7 18.7 17.1 59.0 69.0 29.2 29.4 29.0 31.3 22.2 25.0 25.2 25.5 30.2 28.7 20.8 18.1 13.5 10.4 6.6 13.1 (8.9) (7.7) 7.4 (6.6) 4.4 5.9 7.9 (1.2) 1.3 2.4 0.5 8.4 (0.0) 7.4 2.2 4.6 4.4 3.5 0 0 0 0 0 0 1.3 0 (1.3)
EPS (Diluted) 0.16 0.24 0.17 0.19 0.10 0.15 0.18 0.16 0.65 0.72 0.26 0.28 0.27 0.56 0.44 0.53 0.49 0.16 0.26 0.25 0.19 0.18 0.15 0.15 0.11 0.11 -0.15 -0.13 0.13 -0.12 0.08 0.12 0.09 -0.03 0.03 0.05 0.01 0.07 -0.00 0.08 0.07 0.08 0.03 0.00 0.06 -0.06
Balance Sheet
Cash & Equivalents 27.6 23.6 26.3 26.1 19.3 50.4 69.9 59.0 64.2 65.0 58.8 44.0 44.3 35.3 33.4 32.3 26.6 25.0 69.2 22.4 19.5 18.7 16.8 17.3 18.7 24.3 44.7 15.3 15.9 13.2 15.0 16.4 15.3 13.4 13.7 13.6 14.2 12.6 11.5 9.9 8.5
Total Assets 5,033.8 5,080.1 5,142.3 5,181.3 5,255.0 5,354.5 5,389.7 5,321.1 5,366.9 5,931.8 6,165.2 6,161.4 6,185.4 6,070.0 6,063.7 5,759.0 5,621.4 5,562.6 4,521.2 3,891.2 3,651.6 3,513.6 3,280.9 3,285.1 3,278.9 3,084.2 3,110.8 3,061.9 2,896.0 2,729.3 2,715.4 2,460.6 2,391.9 2,266.7 2,073.0 1,977.5 1,905.7 1,892.1 1,582.1 1,376.3 1,179.9
Total Debt 3,439.2 3,427.7 3,425.8 3,425.3 3,449.3 3,472.0 3,451.8 3,389.6 3,309.6 3,682.4 3,872.1 3,664.9 3,669.1 3,576.9 3,511.1 3,165.9 3,023.5 2,964.9 2,200.8 2,136.6 2,009.4 2,019.6 1,853.4 1,857.8 1,841.6 1,558.7 1,558.7 1,493.8 1,439.1 1,278.1 1,229.2 1,149.8 1,069.6 958.1 1,071.9 969.1 893.8 879.0 722.6 754.7 634.3
Stockholders' Equity 912.8 946.0 973.1 1,002.1 1,034.0 1,076.0 986.9 1,191.2 1,277.0 1,422.2 1,456.6 1,625.4 1,635.4 1,648.2 1,698.7 1,748.8 1,747.0 1,775.2 1,608.8 1,167.3 1,084.7 969.0 915.2 917.6 923.5 919.6 915.7 957.6 893.4 916.8 950.5 821.2 829.3 841.0 566.4 575.5 582.9 577.1 443.1 252.2 236.2
Cash Flow
Operating Cash Flow 87.4 72.8 100.2 79.9 85.6 80.1 105.7 83.2 94.0 94.0 129.4 108.4 109.8 93.9 122.9 117.0 110.1 92.7 94.4 80.2 64.1 53.0 62.0 55.0 50.7 46.6 56.6 47.1 46.4 38.1 49.4 40.4 33.9 29.4 39.3 27.3 28.2 28.1 27.3 22.0 17.7
Capital Expenditure (10.6) (14.2) (12.3) (6.3) (5.8) (5.9) (38.0) (3.8) (5.6) (8.5) (25.3) (9.5) (9.1) (9.1) (13.8) (12.3) (8.6) (8.2) (6.4) (7.6) (5.7) (3.4) (4.5) (3.8) (5.1) (4.7) (12.1) (6.5) (4.3) (4.8) (4.4) (6.3) (4.0) (4.9) (3.1) (4.0) (3.2) (3.0) (4.6) (3.4) (0.9)
Free Cash Flow 76.8 58.6 87.9 73.5 79.8 74.3 67.7 79.4 88.4 85.5 104.1 98.9 100.6 84.8 109.1 104.7 101.5 84.5 88.0 72.5 58.4 49.6 57.5 51.2 45.6 41.9 44.5 40.6 42.1 33.3 45.0 34.2 29.9 24.5 36.3 23.3 25.0 25.2 22.6 18.6 16.8