The Bank of N.T. Butterfield & Son Limited logo NTB - The Bank of N.T. Butterfield & Son Limited

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 3
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $57.00 DETAILS
HIGH: $57.00
LOW: $57.00
MEDIAN: $57.00
CONSENSUS: $57.00
UPSIDE: 1.77%
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
Revenue
Revenue 155.9 203.0 200.5 198 198.5 209.2 206.0 203.3 198.0 144.9 142.2 146.6 147.7 150.0 141.1 133.9 126.6 132.1 125.0 124.2 128.1 131.7 123.7 121.4 134.6 135.9 133.5 129.6 133.1 131.7 130.2 127.8 120.0 114.7 114.2 112.1 106.7 105.2 101.9 102.1 96.6 92.3 97.3 88.6 93.7 103.3 91.7 100.2 87.7 81.0 87.1 95.6 78.0 82.3
Cost of Revenue 1.4 44.0 47.2 51.7 50.3 57.1 63.2 60.6 55.2 0 0 0 0 0 0 0 0 5.8 0 0 4.8 6.4 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 0
Gross Profit 154.5 159.1 153.3 146.3 148.2 152.1 142.7 142.7 142.8 144.9 142.2 146.6 147.7 150.0 141.1 133.9 126.6 126.2 125.0 124.2 123.3 125.3 123.7 121.4 134.6 135.9 133.5 129.6 133.1 131.7 130.2 127.8 120.0 114.7 114.2 112.1 106.7 105.2 101.9 102.1 96.6 92.3 97.3 88.6 93.7 103.3 91.7 100.2 87.7 81.0 87.1 95.6 78.0 82.3
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
SG&A Expenses 46.8 49.9 48.0 47.1 47.3 49.2 45.0 45.4 44.1 25.9 51.5 42.9 43.8 49.8 42.5 42.9 41.6 65.4 41.9 43.2 19.3 58.5 48.9 41.4 61.8 50.3 62.2 67.6 57.7 59.3 59.5 56.0 51.3 58.3 49.9 51.4 48.2 50.4 57.6 47.3 46.6 53.6 47.6 56.5 56.6 60.3 59.2 63.6 55.9 60.2 56.9 54.5 56.5 58.4
Other Expenses 43.7 43.0 42.8 44.6 45.9 41.8 43.8 45.7 44.5 47.0 90.7 103.7 103.8 100.3 98.7 90.9 85.0 18.4 83.0 81.0 61.6 34.4 74.8 80.0 72.8 85.6 (0.0) (0.0) 0.2 0.5 0.0 (1.7) (0.1) (0.3) (0.7) 0.0 (0.1) (0.7) 0.7 0.1 (0.9) (0.1) (0.1) 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 90.5 92.9 90.8 91.8 93.2 91.0 88.8 91.1 88.5 72.9 142.2 146.6 147.7 150.0 141.1 133.9 126.6 83.8 125.0 124.2 80.9 83.2 123.7 121.4 134.6 135.9 62.2 67.6 58.0 59.8 59.5 54.3 51.2 58.0 49.2 51.4 48.1 49.7 58.3 47.4 45.8 53.6 47.4 65.1 65.5 69.3 68.8 72.5 64.4 70.3 65.3 62.4 64.6 101.2
Operating Income
Operating Income 64 66.0 62.5 54.5 54.9 61.1 54.0 51.5 54.3 72.0 0 0 0 0 0 0 0 42.4 0 0 42.3 42.2 0 0 0 0 42.7 38.8 52.2 51.1 50.8 50.1 44.5 40.7 41.3 36.3 36.0 (9.9) 20.1 25.9 22.9 (5.8) 24.8 24.6 29.3 36.4 24.8 28.9 24.2 11.5 22.6 34.0 14.3 15.6
Interest Expense 39.4 44.2 46.7 51.5 50.7 56.8 61.9 60.1 55.6 52.6 47.5 41.4 37.1 26.9 13.5 7.8 6.7 6.4 6.3 6.0 6.3 6.4 7.0 6.2 14.8 17.3 18.7 12.2 11.2 8.3 6.7 5.3 4.3 4.3 3.7 3.9 4.0 3.8 3.8 4.2 4.6 5.2 5.4 0 0 0 0 0 0 0 0 0 0 0
Interest Income 132.7 136.8 139.4 140.9 140.0 145.4 150.0 147.6 142.7 139.6 137.7 133.9 134.5 121.5 104.6 89.7 82.5 81 82.0 80.7 81.2 81.9 82.4 85.3 102.4 103.5 105.0 97.4 99.2 95.7 95.0 92.7 84.2 80.4 78.0 75.3 71.9 70.6 68.8 68.5 67.0 66.5 65.4 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 77.5 65.4 71.7 62.2 67.5 69.3 67.9 77.4 48.4 0 0 0 0 0 0 0 0 57.4 0 0 61.3 59.4 0 0 0 0 55.4 50.9 62.8 62.7 60.8 62.6 56.8 0 53.7 48.9 48.8 0 38.4 0 0 0 0 (5.2) (5.2) (5.3) (6.0) (5.3) (5.0) (5.1) (5.1) (7.6) (5.3) (39.9)
EBIT 64 66 62.5 54.5 54.9 61.1 54.0 51.5 54.3 0 (9.1) (9.5) (8.3) (8.9) (9.9) (10.0) (11.4) 42.4 (16.9) (1.5) 42.4 42.1 (17.0) (14.9) (13.2) (13.1) 42.7 38.8 52.2 51.1 50.8 50.1 44.5 13.9 41.8 36.8 36.4 (13.7) 25.4 (14.4) (11.2) (12.0) (12.8) 56.8 66.3 79.5 57.3 65.4 56.0 32.2 52.8 0 0 0
Income Before Tax 64 66.0 62.5 54.5 54.9 61.1 54.0 51.5 54.3 52.7 49.1 61.5 62.9 63.8 58.4 50.2 45.3 42.4 40.6 40.4 42.4 42.1 31.1 35.1 41.3 42.0 42.7 38.8 52.2 51.1 50.8 50.1 44.5 40.7 41.3 36.3 36.0 35.4 24.3 30.0 27.0 (1.6) 28.9 23.5 28.2 34.1 22.9 27.7 23.3 10.6 21.8 33.2 13.4 (18.8)
Income Tax Expense 1.4 2.2 1.4 1.2 1.2 1.5 1.2 0.9 0.9 (0.8) 0.4 0.5 0.7 0.7 0.9 1.1 1.0 0.8 0.8 0.8 0.7 0.1 0.5 0.8 1 (1.9) 0.2 0.2 0.1 0.2 0.4 0.3 0.4 0.5 0.2 0.3 0.2 0.0 0.2 0.2 0.3 0.7 0.2 0.2 0.2 (0.6) 0.1 0.2 0.1 0.2 0.2 0.3 0.2 5.4
Net Income 62.6 63.8 61.1 53.3 53.8 59.6 52.7 50.6 53.4 53.5 48.7 61 62.2 63.1 57.4 49.1 44.4 41.7 39.8 39.6 41.6 42.1 30.5 34.3 40.3 43.9 42.4 38.6 52.1 50.9 50.4 49.7 44.2 40.3 41.1 36.0 35.9 (9.9) 19.9 25.7 22.6 (6.5) 24.7 19.2 23.8 30.5 18.6 23.4 19.0 6.2 17.3 26.1 8.8 (29.6)
Per Share Data
EPS (Basic) 1.57 1.58 1.50 1.28 1.26 1.37 1.18 1.09 1.15 1.13 1.00 1.23 1.25 1.27 1.16 0.99 0.90 0.84 0.80 0.80 0.84 0.85 0.61 0.68 0.77 0.83 0.80 0.73 0.97 0.93 0.91 0.90 0.80 0.74 0.75 0.66 0.67 -0.19 0.41 0.48 0.49 -0.14 0.53 0.40 0.40 0.50 0.30 0.40 0.30 0.11 0.30 0.40 0.16 -0.54
EPS (Diluted) 1.53 1.54 1.46 1.25 1.23 1.37 1.16 1.09 1.13 1.11 0.99 1.22 1.24 1.26 1.15 0.99 0.89 0.84 0.80 0.79 0.83 0.84 0.61 0.67 0.77 0.82 0.79 0.72 0.96 0.92 0.90 0.89 0.79 0.72 0.74 0.65 0.65 -0.18 0.41 0.48 0.48 -0.14 0.52 0.39 0.43 0.55 0.33 0.42 0.34 0.11 0.31 0.47 0.16 -0.54
Shares Outstanding 39.9 41.6 41.6 41.6 42.6 43.5 44.7 46.3 46.5 47.4 48.6 49.5 49.8 49.7 49.6 49.6 49.5 49.6 49.5 49.6 49.5 49.5 49.7 50.8 52.3 52.9 53.1 53.1 53.7 54.7 55.2 55.2 54.9 54.5 54.6 54.4 53.6 52.1 48.3 53.3 46.6 46.6 46.6 48.7 59.5 61.0 62.0 58.5 63.4 54.9 57.6 65.3 55.0 54.6
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 1,941.9 1,605.5 1,501.4 1,450.1 2,097.3 1,998.1 2,067.2 2,389.8 1,746.2 1,646.6 1,749.8 1,794.9 1,344.8 2,101 1,484.8 1,339.5 2,103 2,180 2,309.5 2,766.2 2,582 3,290 2,160.9 2,227.9 1,978.2 2,550 3,605.0 2,011.0 2,601.3 2,054 1,259.1 1,755.9 1,845.6 1,535 1,545.5 1,719.8 1,867.3 2,102 1,484.8 2,655.2 2,040.4
Short-Term Investments 3,588.1 1,096.2 3,364.3 3,350.4 1,996.8 2,668.6 2,733.3 2,441.6 3,083.4 2,843.6 2,536.8 2,619.3 3,083.1 884 2,638.0 3,348.1 1,601 1,199 4,504.5 4,441.4 1,061 823 3,176.3 3,113.3 3,447.4 1,218 3,149.7 2,432.2 2,413.8 52 2,531.6 2,940.5 2,955.6 250 3,536.1 3,548.2 3,848.4 520 4,318.1 3,490.4 0
Net Receivables 0 11.1 0 0 0 0 0 0 0 0 236.0 200.0 200.7 203.5 192.7 153.5 160 144.3 150.9 172.8 174 144.8 141.4 148.4 174.6 23.6 22.2 30.0 30.1 20.9 27.2 27.8 28.6 24.9 25.6 17.7 22.8 22.8 20.4 18.0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (13.7) 0 0 0 (17.2) 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 3,831.8 0 0 0 0 0 0 0 0 0 0 0 869.5 941.3 4,263 0 2,190.1 2,267.1 1,750.1 0 1,718.3 1,826.9 1,745.9 0 1,711.1 1,222.0 1,278.4 0 410.7 301.0 2,501.4 2,799.3 2,692.5 562.4 0
Total Current Assets 5,530.0 2,712.8 4,865.6 4,800.4 4,094.1 4,666.7 8,632.3 4,831.4 4,829.6 2,895.5 4,522.5 4,614.1 4,628.6 3,202 4,315.6 4,841.1 3,864 7,661.6 7,834.4 8,321.7 8,080 8,796.3 7,668.7 7,756.7 7,350.3 7,997.6 8,495.2 6,300.1 6,791.1 6,218.0 5,529.0 5,946.2 6,108.2 5,583.6 5,518.0 5,586.7 5,611.4 5,940.5 5,620.3 6,726.1 2,040.4
Non-Current Assets
Property, Plant & Equipment 161.5 159 158.5 159.2 156.4 153.8 185.6 149.6 150.3 187.8 153.9 152.9 149.1 146 143.6 141.5 141 139 137.6 141.3 146 151 157.1 159.2 155.9 158 157.5 154.9 154.6 158 157.1 159.5 162.7 165 164.3 164.8 166.2 168 171.2 175.5 180.1
Goodwill 25.0 25.4 25.3 25.8 24.3 23.6 25.2 23.9 23.8 24.1 23.1 23.9 23.4 22.9 21.3 23.0 24.7 25.4 25.2 25.8 25.8 25.6 24.3 23.4 23.4 24.8 23.2 23.9 24.4 24.0 24.5 25.2 22.3 21.5 21.4 20.7 20.0 19.6 20.7 21.1 22.9
Intangible Assets 58.9 61.4 63.5 66.3 65.3 66.0 71.5 70.6 72.5 74.8 47.5 50.1 50.7 51.5 50.6 54.5 58.3 60.8 62.0 64.4 65.8 67.2 66.4 66.3 67.8 71.7 70.2 48.2 49.7 50.8 52.4 52.1 68.5 39.1 40.0 40.8 41.4 42.3 43.9 45.3 26.2
Long-Term Investments 7,339.9 10,938.5 7,529.6 7,706.3 8,649.8 7,720.5 6,040.8 7,924.4 8,052.0 1,021.8 6,064.5 6,223.5 6,769.9 6,611 6,464.1 7,233.4 7,712 7,436 7,272.9 7,111.7 6,487 5,686 5,544.3 5,145.2 5,600.0 5,654 5,470.2 4,701.9 4,623.3 4,307 4,666.6 4,819.4 4,626.4 4,956 4,834.7 4,865.7 5,104.6 4,920 5,122.4 4,319.2 0
Other Non-Current Assets 1,309.4 197.5 1,443.8 1,426.9 1,029.7 1,600.8 9,683.8 939.3 399.9 69.5 (6,289.0) (6,450.4) (6,993.1) (6,831) (6,679.6) 97.2 98.5 12.6 87.5 111.2 92 12.3 10,488.8 10,217.2 10,223.4 15.0 9,995.2 8,905.6 8,629.4 15.2 8,910.3 9,009.4 8,801.9 13.7 8,634.2 8,593.3 8,420.0 13.1 8,328.5 8,246.4 7,916.0
Total Non-Current Assets 8,894.7 11,382.1 9,220.7 9,384.6 9,925.6 9,564.7 16,006.9 9,107.7 8,698.5 10,478.5 6,289.0 6,450.4 6,993.1 6,831 6,679.6 7,452.4 7,936 7,673.6 7,497.8 7,343.2 6,725 5,942.3 5,792.0 5,394.0 5,847.1 5,924.0 5,721.1 4,928.9 4,852.0 4,555.2 4,900.6 5,056.2 4,880.0 5,195.7 5,060.4 5,092.0 5,332.2 5,163.1 5,358.2 4,561.1 8,145.3
Total Assets 14,424.8 14,095 14,086.4 14,185.0 14,019.8 14,231.4 14,373.0 13,939.1 13,528.1 13,374.0 13,179.5 13,509.5 13,732.7 14,306 13,699.3 14,349.9 15,266 15,335 15,332.2 15,664.8 14,805 14,739 13,460.7 13,150.7 13,197.4 13,922 14,216.3 11,229.0 11,643.1 10,773 10,429.7 11,002.4 10,988.2 10,779 10,578.4 10,678.7 10,943.6 11,104 10,978.5 11,287.2 10,185.6
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 204.0 176.3 183.1 185.9 187.1 176.5 319 189.4 195.9 203.6 335 203.9 274.5 192.9 210.3 262.4 10.2 7.2 7.5 5.1 5.1 2.4 3.5 2.4 2.8 1.9 3.0 2.1 2.7 2.1 0
Short-Term Debt 132.3 5.2 0 0 0 92.6 0 0 0 7.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 195.9 0 0 0 (83.1) 0 0 0 0 0 0 0 12,407.9 0 0 0 9,418.4 0 0 0 9,524.0 0 0 0 10,009.9 0 0 0
Other Current Liabilities 12,882.0 (260.2) 12,721.0 12,837.8 12,607.6 12,745.9 10,317.4 12,548.2 12,130.9 (156.7) 0 0 0 (381.7) 0 0 (319) (106.3) 0 0 (335) (203.9) 0 (192.9) (210.3) (441.1) (10.2) (7.2) (7.5) (10.1) (58.6) (2.4) (3.5) (56.7) (2.8) (54.3) (3.0) (4.3) (3.3) (0.6) (3.4)
Total Current Liabilities 13,014.3 0 12,721.0 12,837.8 12,607.6 12,838.5 10,317.4 12,548.2 12,130.9 8,258.9 204.0 176.3 183.1 278 187.1 176.5 319 189.4 195.9 203.6 335 335 274.5 192.9 210.3 12,407.9 10.2 7.2 7.5 9,418.4 5.1 2.4 3.5 9,524.0 2.8 1.9 3.0 10,009.9 2.7 2.1 3.4
Non-Current Liabilities
Long-Term Debt 0 0 0 0 98.8 98.7 98.7 98.6 98.5 98.5 98.4 98.4 172.4 172 172.2 172.1 172 171.9 171.8 171.7 171.6 171.5 196.4 241.5 143.5 143.5 143.5 143.4 143.4 143.3 143.3 143.2 117 117 117 117 117 117 117 117 117
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 274.4 12,953 259.4 278.0 255.6 273.4 2,760.0 293.2 303.6 12,246.1 (98.4) (98.4) 10.7 (172) 15.0 (172.1) (172) 0 (171.8) (171.7) (171.6) 0 0 0 0 0 (143.5) (143.4) (143.4) 0 0 0 0 0 0 0 0 0 (117) 0 9,281.1
Total Non-Current Liabilities 274.4 12,953 259.4 278.0 354.4 372.1 2,858.7 391.8 402.1 4,111.5 98.4 98.4 183.1 278 187.1 172.1 172 171.9 171.8 171.7 172 171.5 196.4 241.5 143.5 143.5 143.5 143.4 143.4 143.3 143.3 143.2 117 117 117 117 117 117 117 117 9,394.8
Total Liabilities 13,288.7 12,953 12,980.4 13,115.9 12,962.0 13,210.6 13,308.8 12,940.0 12,533.0 12,370.4 12,256.6 12,559.3 12,795.8 13,441 12,944.5 13,547.5 14,424 14,358 14,358.3 14,698.2 13,869 13,757 12,471.8 12,160.4 12,216.9 12,958 13,251.7 10,300.3 10,746.9 9,891 9,558.0 10,153.7 10,164.0 9,956 9,776.0 9,908.9 10,202.6 10,393 10,013.8 10,471.3 9,398.1
Stockholders' Equity
Common Stock 0.4 0.4 0.4 0.4 0.4 0.4 0.4 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 0.5 882 0.6 0.6 0.6 823 0.5 0.5 0.5 711 0.5 0.5 4.7
Retained Earnings 512.2 494.4 480.6 454.5 439.6 422.5 402.4 383.5 364.9 342.5 320.8 300.4 267.2 229.7 188.5 152.9 125.6 104.3 86.7 69.8 53.0 33.9 14.6 12.2 0.3 (9.2) (29.8) (48.9) (64.2) (92.7) (122.8) (152.1) (180.9) (204.2) (226.9) (250.5) (269.1) (287.7) (314.4) (329.6) (350.6)
Accumulated Other Comprehensive Income (215.3) (204.2) (220.6) (241.5) (257.4) (295.4) (254.0) (317.5) (321.3) (310.2) (386.1) (357.8) (345.3) (377.5) (441.0) (353.4) (282.6) (124.9) (112.9) (101.9) 998.3 (49.7) (23.8) (27.8) (48.0) (87.1) (89.7) (103.1) (125.9) (148.5) (174.3) (163.4) (155.9) (129.1) (123.7) (130.3) (138.4) (144.7) (70.1) (66.8) (73.6)
Total Stockholders' Equity 1,136.1 1,142 1,106.0 1,069.1 1,057.8 1,020.8 1,064.2 999.1 995.1 1,003.6 922.9 950.3 936.9 865 754.9 802.4 842 977 973.9 966.6 936 982 988.9 990.3 980.5 964 964.6 928.7 896.2 882 871.7 848.6 824.2 823 802.4 769.9 741.0 711 964.7 815.9 787.5
Total Liabilities & Equity 14,424.8 14,095 14,086.4 14,185.0 14,019.8 14,231.4 14,373.0 13,939.1 13,528.1 13,374.0 13,179.5 13,509.5 13,732.7 14,306 13,699.3 14,349.9 15,266 15,335 15,332.2 15,664.8 14,805 14,739 13,460.7 13,150.7 13,197.4 13,922 14,216.3 11,229.0 11,643.1 10,773 10,429.7 11,002.4 10,988.2 10,779 10,578.4 10,678.7 10,943.6 11,104 10,978.5 11,287.2 10,185.6
Debt Metrics
Total Debt 132.3 38.7 0 0 98.8 191.3 98.7 98.6 98.5 131.5 98.4 98.4 172.4 172 172.2 172.1 172 172 171.8 171.7 172 171 196.4 241.5 143.5 144 143.5 143.4 143.4 143 143.3 143.2 117 117 117 117 117 117 117 117 117
Net Debt (1,809.6) (1,566.8) (1,501.4) (1,450.1) (1,998.6) (1,806.8) (1,968.5) (2,291.2) (1,647.7) (1,515.1) (1,651.3) (1,696.5) (1,172.4) (1,929) (1,312.6) (1,167.4) (1,931) (2,008) (2,137.7) (2,594.5) (2,410) (3,119) (1,964.5) (1,986.4) (1,834.7) (2,406) (3,461.6) (1,867.6) (2,457.9) (1,911) (1,115.8) (1,612.7) (1,728.6) (1,418) (1,428.5) (1,602.8) (1,750.3) (1,985) (1,367.8) (2,538.2) (1,923.4)
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 62.6 63.8 61.1 53.3 53.8 59.6 52.7 50.6 53.4 53.5 48.7 61 62.2 63.1 57.4 49.1 44.4 41.7 39.8 39.6 41.6 42.1 30.5 34.3 40.3 43.9 42.4 38.6 52.1 50.9 50.4 49.7 44.2 40.3 41.1 36.0 35.9 35.4 24.0 29.8 26.8
Depreciation & Amortization 13.6 0 9.2 7.6 12.6 8.2 14.0 25.8 (5.9) 9.4 9.1 9.5 8.3 8.9 9.9 10.0 11.4 15.0 16.9 18.6 (17.4) 17.3 17.0 14.9 13.2 13.1 12.7 12.1 10.6 11.7 10.0 12.5 12.2 (13.9) 12.5 12.6 12.8 13.7 13.0 14.4 11.2
Stock-Based Compensation 5.2 0 5.6 5.9 5.4 5.0 5.2 5.9 4.8 5.7 5.1 5.5 4.5 5.2 4.4 4.2 3.3 3.6 4.4 3.8 3.4 3.3 4.6 3.3 4.1 3.6 3.4 6.9 3.9 3.1 3.3 3.0 3.2 2.9 1.7 2.0 1.8 0.6 9.9 2.1 1.8
Change in Working Capital (23.9) (12.3) (24.5) 33.7 (8.5) (36.6) 39.5 5.3 (24.3) 43.9 (31.6) (6.6) 0.9 (6.5) (27.5) (22.6) 2.5 12.0 24.0 (25.7) (10.8) (25.9) 33.4 11.0 (64.2) (111.9) 140.0 5.0 (25.1) 19.2 8.6 (10.5) 33.1 13.3 (15.5) 34.1 4.8 3.3 41.4 (46.3) (5.8)
Other Non-Cash Items 1.4 12.5 0.5 0.2 (0.4) 0.3 1.3 1.0 (6.7) 26.3 (0.0) 0.0 1.3 1.0 0.8 0.6 (0.4) 0.0 (0.0) 47.3 (1.5) 0.2 0.1 5.4 (0.1) 0.1 0.1 (0.6) (0.1) 0.1 (0.0) (0.1) 0.3 2.5 0.1 (0.1) (0.1) 0.0 0.1 0.0 1.2
Operating Cash Flow 58.9 64.1 51.9 100.7 62.8 36.4 112.7 88.0 28.3 114.3 32.0 76.8 77.2 71.7 45.0 41.4 61.2 71.7 85.3 42.7 51.6 34.7 85.6 69.0 (1.2) (51.0) 198.3 62.1 40.4 83.2 68.8 54.4 90.0 18.9 36.9 83.1 54.4 50.3 88.4 5.0 34.5
Investing Activities
Capital Expenditure (8.6) (5.2) (5.1) (7.0) (7.4) (8.1) (6.6) (4.7) (2.1) (32.9) (6.4) (7.9) (7.1) (6.1) (7.6) (6.2) (7.1) (7.2) (3.4) (2.2) (2.9) (0.3) (4.5) (10.7) (5.7) (6.4) (6.7) (7.1) (2.5) (8.0) (4.2) (3.9) (3.8) (1.9) (5.0) (3.9) (3.9) (3.3) (1.8) (1.9) (2.8)
Acquisitions 0 0 0 0 0 0 0 0 0 208.9 0 0 0 0 0 0 0 0 (45.5) 0 0 0.7 0 0 0 (2,815.8) 2,815.8 0 33.8 20.7 0.1 9.4 (30.2) (0.4) (77.5) (108.1) 95.3 (12.7) 0.0 (3.1) 29.6
Purchases of Investments (683.2) 0 (494.6) (680.7) (691.0) (471.2) (922.8) (290.6) (1,069.4) (695.6) (477.1) (371.8) (617.6) (736.4) (218.6) (581.5) (1,479.5) (1,036.1) (1,574.5) (1,445.9) (1,697.6) (1,036.7) (1,417.9) (475.3) (733.2) (682.8) (1,179.5) (377.9) (401.2) (57.9) (245.8) (442.8) (399.5) 77.6 (269.7) (282.7) (320.3) (45.1) (969.4) (750.5) (608.2)
Sales/Maturities of Investments 505.6 0 546.3 64.0 603.4 330.6 842.9 944.1 932.6 348.6 608.0 925.3 525.6 642.8 817.2 924.8 1,002.1 835.4 1,349.1 864.1 849.4 852.2 1,112.7 950.6 755.7 559.7 418.0 312.5 127.2 352.8 447.2 239.5 650.2 (49.6) 250.6 578.3 148.7 179.2 157.8 460.0 229.1
Other Investing Activities 36.1 209.8 27.3 31.8 505.5 (36.0) (444.5) 193.7 (52.6) 0.3 88.3 186.4 7.0 331.5 (104.5) (487.4) 208.4 47.5 4.1 (652.1) (817.8) 122.9 87.5 (195.0) (44.6) 2,398.8 38.4 (132.5) 0.8 48.7 (96.2) 25.8 (163.7) 52.1 0.9 0.9 0.2 268.0 (127.7) 0.6 2.4
Investing Cash Flow (150.0) 209.8 73.9 (591.8) 410.5 (184.8) (531.1) 189.0 (54.2) (170.7) 212.7 731.9 (92.1) 231.8 486.5 (150.2) (276.0) (160.4) (270.2) (654.4) (820.7) (61.3) (222.2) 269.7 (27.8) (546.5) 2,085.9 (205.1) (241.9) 356.4 101.1 (172.0) 53.1 77.7 (100.7) 184.4 (80.1) 386.1 (941.2) (294.8) (349.9)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (25) (45.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (22.0) 0 0
Stock Repurchased (42.4) (29.6) (30.3) (45.4) (41.4) (47.3) (36.8) (36.1) (35.1) (33.6) (31.4) (18.8) (4.8) 0 0 0 (3.9) (7.8) (4.1) (4.5) (3.4) (5.9) (18.7) (26.2) (35.9) (27.8) 0 (12.6) (41.2) (48.4) 0 0 0 0 0 0 0 0.0 (0.2) (1.2) (0.3)
Dividends Paid (20.0) (20.1) (20.5) (18.4) (18.8) (19.2) (19.7) (20.1) (20.5) (20.9) (21.4) (21.8) (22.0) (21.8) (21.8) (21.8) (21.8) (21.7) (21.8) (21.8) (21.9) (21.8) (21.9) (22.3) (22.9) (23.3) (23.4) (23.3) (23.6) (20.8) (21.0) (21.0) (20.9) (17.5) (17.5) (17.5) (17.3) (9.0) (8.3) (8.3) (8.3)
Other Financing Activities 390.1 (33.9) (27.6) (128.2) (331.5) 283.8 79.6 419.2 187.8 (17.4) (207.9) (334.2) (713.6) 279.5 (330.4) (557.9) 193.2 (19.5) (229.5) 822.5 69.2 1,142.8 99.9 (34.5) (415.9) (589.6) (568.2) (396.6) 810.2 418.3 (643.1) 70.3 161.6 108.5 (104.5) (418.9) (201.6) 216.5 (404.5) 1,235.7 (177.6)
Financing Cash Flow 327.6 (83.6) (78.4) (192.0) (391.6) 217.3 23.1 363.0 132.2 (71.9) (260.7) (374.9) (740.4) 257.7 (352.2) (579.7) 167.4 (49.1) (255.4) 796.2 44.0 1,090.2 14.1 (83.0) (474.8) (640.7) (591.6) (432.5) 745.4 349.0 (664.1) 49.3 140.6 91.0 (121.9) (436.4) (218.9) 207.5 (307.9) 1,226.2 (186.2)
Cash Position
Net Change in Cash 226.1 189.1 39.9 (638.4) 97.6 (19.0) (308.9) 642.2 102.0 (104.8) (42.0) 452.1 (749.5) 609.0 137.5 (756.1) (77.4) (130.2) (464.4) 188.9 (705.2) 1,129.0 (57.8) 251.8 (587.4) (1,045.3) 1,593.7 (592.7) 553.1 789.9 (492.5) (84.6) 299.6 (940.5) (174.3) (147.5) (234.3) 616.9 (1,170.4) 881.2 (514.8)
Cash at Beginning 1,776.7 1,587.6 1,547.7 2,186.1 2,088.5 2,107.5 2,416.4 1,774.2 1,672.3 1,777.0 1,819.1 1,367.0 2,116.5 1,507.5 1,370.0 2,126.1 2,203.5 2,333.7 2,798.1 2,609.3 3,314.5 2,185.5 2,243.3 1,991.5 2,578.9 3,624.2 2,030.5 2,623.2 2,070.1 1,280.2 1,772.7 1,857.3 1,557.7 1,545.5 1,719.8 1,867.3 2,101.7 1,484.8 2,655.2 1,774.0 2,288.9
Cash at End 2,002.8 1,776.7 1,587.6 1,547.7 2,186.1 2,088.5 2,107.5 2,416.4 1,774.2 1,672.3 1,777.0 1,819.1 1,367.0 2,116.5 1,507.5 1,370.0 2,126.1 2,203.5 2,333.7 2,798.1 2,609.3 3,314.5 2,185.5 2,243.3 1,991.5 2,578.9 3,624.2 2,030.5 2,623.2 2,070.1 1,280.2 1,772.7 1,857.3 605.0 1,545.5 1,719.8 1,867.3 2,101.7 1,484.8 2,655.2 1,774.0
Free Cash Flow 50.3 58.8 46.8 93.7 55.4 28.3 106.1 83.3 26.2 81.4 25.6 68.9 70.1 65.6 37.5 35.3 54.1 64.5 81.9 40.5 48.7 34.4 81.1 58.3 (6.9) (57.5) 191.6 54.9 37.8 75.2 64.5 50.5 86.3 16.9 31.9 79.2 50.6 47.0 86.6 3.1 31.7
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
Income Statement
Revenue 155.9 203.0 200.5 198 198.5 209.2 206.0 203.3 198.0 144.9 142.2 146.6 147.7 150.0 141.1 133.9 126.6 132.1 125.0 124.2 128.1 131.7 123.7 121.4 134.6 135.9 133.5 129.6 133.1 131.7 130.2 127.8 120.0 114.7 114.2 112.1 106.7 105.2 101.9 102.1 96.6 92.3 97.3 88.6 93.7 103.3 91.7 100.2 87.7 81.0 87.1 95.6 78.0 82.3
Gross Profit 154.5 159.1 153.3 146.3 148.2 152.1 142.7 142.7 142.8 144.9 142.2 146.6 147.7 150.0 141.1 133.9 126.6 126.2 125.0 124.2 123.3 125.3 123.7 121.4 134.6 135.9 133.5 129.6 133.1 131.7 130.2 127.8 120.0 114.7 114.2 112.1 106.7 105.2 101.9 102.1 96.6 92.3 97.3 88.6 93.7 103.3 91.7 100.2 87.7 81.0 87.1 95.6 78.0 82.3
Operating Income 64 66.0 62.5 54.5 54.9 61.1 54.0 51.5 54.3 72.0 0 0 0 0 0 0 0 42.4 0 0 42.3 42.2 0 0 0 0 42.7 38.8 52.2 51.1 50.8 50.1 44.5 40.7 41.3 36.3 36.0 (9.9) 20.1 25.9 22.9 (5.8) 24.8 24.6 29.3 36.4 24.8 28.9 24.2 11.5 22.6 34.0 14.3 15.6
Net Income 62.6 63.8 61.1 53.3 53.8 59.6 52.7 50.6 53.4 53.5 48.7 61 62.2 63.1 57.4 49.1 44.4 41.7 39.8 39.6 41.6 42.1 30.5 34.3 40.3 43.9 42.4 38.6 52.1 50.9 50.4 49.7 44.2 40.3 41.1 36.0 35.9 (9.9) 19.9 25.7 22.6 (6.5) 24.7 19.2 23.8 30.5 18.6 23.4 19.0 6.2 17.3 26.1 8.8 (29.6)
EPS (Diluted) 1.53 1.54 1.46 1.25 1.23 1.37 1.16 1.09 1.13 1.11 0.99 1.22 1.24 1.26 1.15 0.99 0.89 0.84 0.80 0.79 0.83 0.84 0.61 0.67 0.77 0.82 0.79 0.72 0.96 0.92 0.90 0.89 0.79 0.72 0.74 0.65 0.65 -0.18 0.41 0.48 0.48 -0.14 0.52 0.39 0.43 0.55 0.33 0.42 0.34 0.11 0.31 0.47 0.16 -0.54
Balance Sheet
Cash & Equivalents 1,941.9 1,605.5 1,501.4 1,450.1 2,097.3 1,998.1 2,067.2 2,389.8 1,746.2 1,646.6 1,749.8 1,794.9 1,344.8 2,101 1,484.8 1,339.5 2,103 2,180 2,309.5 2,766.2 2,582 3,290 2,160.9 2,227.9 1,978.2 2,550 3,605.0 2,011.0 2,601.3 2,054 1,259.1 1,755.9 1,845.6 1,535 1,545.5 1,719.8 1,867.3 2,102 1,484.8 2,655.2 2,040.4
Total Assets 14,424.8 14,095 14,086.4 14,185.0 14,019.8 14,231.4 14,373.0 13,939.1 13,528.1 13,374.0 13,179.5 13,509.5 13,732.7 14,306 13,699.3 14,349.9 15,266 15,335 15,332.2 15,664.8 14,805 14,739 13,460.7 13,150.7 13,197.4 13,922 14,216.3 11,229.0 11,643.1 10,773 10,429.7 11,002.4 10,988.2 10,779 10,578.4 10,678.7 10,943.6 11,104 10,978.5 11,287.2 10,185.6
Total Debt 132.3 38.7 0 0 98.8 191.3 98.7 98.6 98.5 131.5 98.4 98.4 172.4 172 172.2 172.1 172 172 171.8 171.7 172 171 196.4 241.5 143.5 144 143.5 143.4 143.4 143 143.3 143.2 117 117 117 117 117 117 117 117 117
Stockholders' Equity 1,136.1 1,142 1,106.0 1,069.1 1,057.8 1,020.8 1,064.2 999.1 995.1 1,003.6 922.9 950.3 936.9 865 754.9 802.4 842 977 973.9 966.6 936 982 988.9 990.3 980.5 964 964.6 928.7 896.2 882 871.7 848.6 824.2 823 802.4 769.9 741.0 711 964.7 815.9 787.5
Cash Flow
Operating Cash Flow 58.9 64.1 51.9 100.7 62.8 36.4 112.7 88.0 28.3 114.3 32.0 76.8 77.2 71.7 45.0 41.4 61.2 71.7 85.3 42.7 51.6 34.7 85.6 69.0 (1.2) (51.0) 198.3 62.1 40.4 83.2 68.8 54.4 90.0 18.9 36.9 83.1 54.4 50.3 88.4 5.0 34.5
Capital Expenditure (8.6) (5.2) (5.1) (7.0) (7.4) (8.1) (6.6) (4.7) (2.1) (32.9) (6.4) (7.9) (7.1) (6.1) (7.6) (6.2) (7.1) (7.2) (3.4) (2.2) (2.9) (0.3) (4.5) (10.7) (5.7) (6.4) (6.7) (7.1) (2.5) (8.0) (4.2) (3.9) (3.8) (1.9) (5.0) (3.9) (3.9) (3.3) (1.8) (1.9) (2.8)
Free Cash Flow 50.3 58.8 46.8 93.7 55.4 28.3 106.1 83.3 26.2 81.4 25.6 68.9 70.1 65.6 37.5 35.3 54.1 64.5 81.9 40.5 48.7 34.4 81.1 58.3 (6.9) (57.5) 191.6 54.9 37.8 75.2 64.5 50.5 86.3 16.9 31.9 79.2 50.6 47.0 86.6 3.1 31.7