Pampa Energía S.A. logo PAM - Pampa Energía S.A.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 4
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $97.00 DETAILS
HIGH: $97.00
LOW: $97.00
MEDIAN: $97.00
CONSENSUS: $97.00
UPSIDE: 20.23%
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
Revenue
Revenue 573 507 591 486 414 535.4 527.3 500 401 738.9 475 429.8 401.5 876.2 469.9 462 413.0 497.8 430.7 346 321 (580) 282.4 200.4 290 (108,858) 774.5 851.3 678.6 641.3 757.3 931.1 1,378.2 2,460.1 775.8 701.5 723.9 430.7 648.9 278.3 289.1 138.3 201.7 192.2 189.3 194.3 191.2 183.2 178.8 211.1 246.5
Cost of Revenue 380 380 375 340 285 417.7 355.5 307 258 506.0 295 262.5 242.3 554.6 292.8 294 239.0 347.8 276.6 201 185 (545) 158.3 129.8 182 77,049 539.3 602.1 489.3 490.5 473.1 649.3 870.6 1,862.4 516.7 500.1 481.8 292.6 536.2 270.0 224.0 146.2 198.1 192.7 174.1 193.5 185.6 183.9 164.8 220.3 250.7
Gross Profit 193 127 216 146 129 117.7 171.8 193 143 232.8 180 167.3 159.2 321.6 177.2 168 174.0 149.9 154.2 145 136 (35) 124.1 70.5 108 (185,907) 235.2 249.1 189.3 150.9 284.3 281.8 507.6 597.7 259.1 201.4 242.1 138.1 112.6 8.3 65.0 (7.9) 3.6 (0.5) 15.2 0.8 5.5 (0.7) 14.0 (9.2) (4.2)
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
SG&A Expenses 61 76 73 63 52 118.0 75.3 62 57 102.3 61 63.1 56.0 104.8 48.0 43 49.8 53.8 29.7 26 30 (116) 26.6 28.9 35 10,463 74.2 77.2 70.9 146.2 88.4 109.8 126.9 335.9 100.3 104.5 102.0 81.6 152.0 66.4 51.4 61.7 56.3 55.3 44.0 59.8 48.6 44.8 39.6 49.2 48.3
Other Expenses 25 28 (10) (30) (44) (69.9) (57.4) 12 (33) 34.6 (29) (33.6) (22.0) (5.8) 0 (11) (0.0) (45.1) (83.3) (35) (3) 54 (19.9) (12.8) 33 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 86 104 63 33 8 48.1 17.9 74 24 136.9 32 29.6 34.0 91.3 83.8 32 49.8 8.7 (53.6) (9) 27 (62) 6.7 16.2 68 15,196 46.1 315.3 18.5 228.2 294.1 525.7 28.3 194.7 108.2 163.5 36.4 51.6 106.3 70.1 24.4 205.0 71.7 44.6 189.8 140.8 10.6 57.2 84.7 31.3 39.3
Operating Income
Operating Income 107 23 153 113 121 69.6 153.9 119 119 95.9 148 137.7 125.2 223.8 158.1 136 124.2 141.2 207.7 154 109 27 117.4 54.4 40 (18,039) 162.4 126.0 85.4 26.0 187.5 140.0 421.5 279.8 166.4 101.0 165.6 140.1 (8.7) (47.3) 64.6 67.9 89.6 57.8 143.2 126.8 (46.1) 41.0 (26.2) 48.7 (42.9)
Interest Expense 37 43 52 43.3 39 42.0 34.9 41 52.7 69.4 84.7 98.9 61.8 58.9 58.8 30.9 35.3 29.3 32.9 39.2 44.2 49.1 43.3 39.3 42.1 85.8 58.2 80.5 94.4 58.0 93 62 86.7 57.3 75.5 69.3 81.2 67.1 105.4 51.7 43.9 23.0 42.8 17.1 36.9 26.4 2.6 37.3 30.9 22.1 55.3
Interest Income 8 17 7 2.8 36 27.7 2.2 0 1.6 1.5 2.1 0.4 0.4 1.1 1.1 1.7 2.3 2.3 2.9 1.8 1.9 2.0 3.2 2.3 2.3 13.9 0 25.0 34.4 0 59.5 56.0 0 187.3 57.0 47.7 20.5 52.2 91.2 41.4 37.1 34.2 35.5 7.8 36.9 3.6 26.5 19.2 25.2 24.4 48.3
Profitability
EBITDA 309 304 314 297 273 306.4 209.4 225 239.7 498.7 329.4 179.9 163.1 432.2 311.7 105 155.3 166.0 211.0 208 87 6.5 146.8 85.3 39 (27,119) 229.2 196.0 141.6 902.3 233.7 (168) 691.9 32.1 220.1 151.4 277.6 163.8 98.3 (25.4) 83.0 123.8 100.2 75.9 158.4 181.6 (31.0) 87.1 (13.4) 16.5 (26.1)
EBIT 187 195 190 200 189 202.8 108.5 141 173 378.0 288 119.6 108.9 350.8 262.4 105 104.9 98.2 156.8 208 87 (1) 95.7 38.9 39 141 162.4 126.0 85.4 733.2 187.5 140.0 564.6 279.8 167.2 101.0 226.5 117.8 21.2 (51.3) 64.6 118.7 89.6 57.8 204.9 126.8 23.0 74.6 (64.4) 48.7 (35.8)
Income Before Tax 150 152 138 142 150 145.2 153.7 100 120 221.1 193 194.9 125.8 310.1 198.6 66 94.7 56.4 145.7 167 42 27 98.7 48.9 (4) (40,301) 223.1 534.7 120.1 321.1 (69.3) (299.9) 392.6 605.1 93.9 (9.8) 148.0 34.3 (84.8) (103.2) 52.4 162.9 39.7 51.9 168.1 138.1 (10.3) 37.3 (95.8) (2.2) (91.9)
Income Tax Expense (66) (10) 115 103 (4) (5.3) 9.8 1 (148) 259.5 40 30.1 (3.1) 94.5 35.3 (1) (3.3) 1.2 17.0 56 8 (14) 17.5 26.1 (8) 2,958 69.2 6.3 (32.9) 39.8 7.2 (98.8) 115.1 (64.3) 5.8 (19.3) 18.0 42.6 11.5 (29.6) 6.4 (15.4) 21.0 29.5 36.2 8.1 11.7 (2.6) 5.9 16.8 27.2
Net Income 214 161 23 40 153 150.3 144.0 100 267 (40.7) 152 164.3 128.8 216.3 162.8 66 96.6 53.1 129.7 70 33 (463) 80.9 3.1 14 (31,368) 141.7 404.2 150.6 289.6 (91.0) (209.5) 215.2 531.1 68.5 0.9 104.4 57.4 (61.1) (44.8) 41.6 159.2 4.3 6.7 102.3 85.1 11.3 38.1 (48.7) (15.1) (26.6)
Per Share Data
EPS (Basic) 4.00 3.00 0.56 0.94 2.82 2.06 2.72 1.87 4.93 -3.58 2.97 3.33 2.53 2.50 3.20 1.25 1.75 0.81 2.38 1.26 0.61 0.40 1.36 0.05 0.19 0.29 2.32 5.67 2.18 2.33 -3.27 -2.86 1.84 1.04 0.89 -0.01 1.57 0.86 -0.91 -0.66 0.61 2.48 0.07 0.11 1.64 1.10 0.22 0.73 -0.93 -0.29 -0.50
EPS (Diluted) 4.00 3.00 0.56 0.94 2.82 2.06 2.72 1.87 4.93 -3.58 2.97 3.33 2.53 2.50 3.20 1.25 1.75 0.81 2.38 1.26 0.61 0.40 1.36 0.05 0.19 0.29 2.32 5.67 2.18 2.33 -3.27 -2.86 1.84 1.04 0.89 -0.01 1.57 0.86 -0.91 -0.66 0.61 2.47 0.07 0.11 1.64 1.53 0.22 0.73 -0.93 -0.29 -0.50
Shares Outstanding 54.4 54.4 54.4 54.4 54.4 54.4 54.4 54.4 54.4 54.4 54.4 54.4 55.2 55.2 55.2 55.2 55.3 55.5 55.3 55.8 58.0 58.2 61.8 62.1 65.6 67.1 69.7 69.2 75 74.0 68.3 77.5 83.1 83.1 77.4 77.4 77.4 73.5 67.8 67.8 67.8 64.4 62.9 62.6 62.6 55.5 52.6 52.6 52.6 52.6 52.6
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 236 726.4 413.6 161 361 738 333.5 152.1 200.3 171 183.2 198 125.8 106 96.8 105 132 110 173 124.8 101 141.5 323.3 413.8 198.5 225.4 41.0 200.7 98.7 241.6 124.4 111.4 62.4 63.3 26.7 18.3 199.4 89.6 232.2 56.0 61.4
Short-Term Investments 441 367.3 472.4 718 754 930 858.3 763.4 643.5 660 780.6 674 642.4 586 588.1 461 475 463 334 337.7 320 350.2 182.9 107.6 298.8 419.1 53.8 249.4 42.0 35.3 9.6 17.8 20.6 2.0 12.4 3.3 4.9 1.5 1.9 0.1 267.9
Net Receivables 531 597.3 604.0 598 453 354 518.4 482.1 436.4 266 443.8 454 448.4 437 449.0 476 406 357 485 322.6 344 337.5 544.7 459.8 571.9 558.7 518.6 565.6 534.2 528.1 543.3 590.3 789.1 972.4 629.7 622.9 656.1 561.5 529.0 204.1 260.7
Inventory 226 231.2 257.2 244 240 217 231.6 226.6 212.6 201 211.2 186 204.9 165 168.4 172 180 147 144 155.6 136 116.2 135.1 131.4 138.8 153.4 150.3 165.6 139.8 137.3 110.2 147.0 166.5 229.2 240.2 235.7 232.5 211.9 221.0 17.2 15.6
Other Current Assets 0 52.1 206.8 38 0 1 13.9 0.1 0.3 0 0.8 183 0.9 0 1.2 13 1 0 0 135.8 1,537 0.0 0 0 0 3.6 101.5 171.0 188.3 173.8 211.6 247.2 1,042.1 1,532.6 298.1 297.3 285.2 324.9 604.9 317.1 311.0
Total Current Assets 1,861 1,992.6 1,962.1 1,759 1,895 2,379 2,065.2 1,695.4 1,567.2 1,336 1,627.4 1,695 1,442.8 1,343 1,314.8 1,227 1,194 1,125 1,136 1,091.2 2,438 949.1 1,194.5 1,124.6 1,225.4 1,362.2 1,414.3 1,362.7 1,421.3 1,523.4 1,569.5 1,919.3 2,879.8 3,964.1 1,900.8 1,737.1 1,937.0 1,461.1 1,816.8 790.9 919.0
Non-Current Assets
Property, Plant & Equipment 3,414 3,346.5 3,112.6 2,931 2,695 2,618 2,601.0 2,664.1 2,615.9 2,565 2,426.0 2,287 2,295.7 2,173 1,924.6 1,717 1,694 1,671 1,631 1,597.1 1,608 1,621.4 3,386.0 3,408.0 3,466.1 3,523.9 3,402.1 3,624.0 3,254.4 3,300.7 1,227.2 1,580.9 2,073.8 5,935.9 2,680.9 2,648.2 2,685.9 2,536.1 2,459.0 1,060.9 1,013.0
Goodwill 35 34.7 34.8 35.0 35 35 34.8 34.7 34.7 35 0 0 0 35 0 0 0 35 0 34.6 0 0 0 0 0 0 35.9 34.8 33.3 34.8 16.7 23.8 34.2 70.3 57.8 60.0 64.9 63.0 71.9 0.4 0.4
Intangible Assets 53 55.1 55.6 58.9 60 60 62.7 62.7 61.1 61 97.3 98 129.4 103 74.9 46 38 3 39 8.0 41 41.1 137.8 139.3 143.7 151.5 111.1 130.5 120.3 126.7 21.1 30.5 44.2 271.0 52.6 55.9 61.5 69.6 65.7 50.8 49.4
Long-Term Investments 1,294 1,095.6 1,042.6 1,085 1,130 1,020 979.0 932.9 904.2 707 1,018.9 1,063 1,078.6 1,030 1,061.1 1,004 965 908 862 783.1 726 698.7 715.6 610.7 633.6 614.8 490.7 522.5 392.1 418.4 162.9 232.9 321.3 653.3 327.8 323.5 332.4 333.6 325.7 12.1 12.9
Other Non-Current Assets 66 43.3 43.1 137.1 173 75 46.4 18.3 20.4 18 5.9 26 11.4 22 17.8 27 30 35 27 134.0 37 1,476.7 4.2 6.5 5.3 5.1 146.4 311.1 254.4 275.0 450.3 377.2 456.4 562.1 450.6 482.1 485.6 409.9 381.2 360.7 162.1
Total Non-Current Assets 5,155 4,618.2 4,309.5 4,363 4,304 3,965 3,829.0 3,762.5 3,649.7 3,386 3,552.8 3,507 3,559.1 3,399 3,314.1 3,002 2,866 2,736 2,629 2,556.8 2,512 3,946.0 4,350.4 4,251.0 4,303.2 4,323.6 4,186.2 4,623.0 4,054.4 4,155.7 1,878.2 2,245.4 2,929.9 7,492.6 3,569.7 3,569.8 3,630.4 3,412.2 3,303.5 1,484.9 1,237.7
Total Assets 7,016 6,610.8 6,271.6 6,122 6,199 6,344 5,894.2 5,457.9 5,217.0 4,722 5,180.2 5,202 5,001.8 4,742 4,628.8 4,229 4,060 3,861 3,765 3,648.0 4,950 4,895.1 5,544.9 5,375.7 5,528.6 5,685.8 5,600.5 5,985.6 5,475.8 5,679.1 3,447.6 4,164.7 5,809.7 11,456.7 5,470.5 5,306.9 5,567.4 4,873.4 5,120.2 2,275.8 2,156.7
Current Liabilities
Account Payables 310 342.8 292.5 339 293 233 215.9 208.3 241.4 210 254.2 290 272.6 281 159.3 210 193 169 166 77.8 120 97.8 504.3 393.9 407.8 377.5 289.9 369.3 421.1 430.2 401.9 443.2 505.9 1,278.1 779.5 559.2 538.0 523.8 538.4 300.0 324.8
Short-Term Debt 39 69.7 306.8 222 353 706 316.2 270.5 268.8 224 353.7 357 327.1 273 285.5 70 70 79 61 136.9 191 244.2 276.1 222.3 101.5 187.5 238.5 321.3 190.6 342.6 290.8 304.8 288.4 463.3 280.3 167.7 433.9 673.9 696.4 256.8 107.1
Deferred Revenue 0 13.4 15.4 0 0 0 0 0 0 9 5.1 0 3.8 3 3.8 0 0 4 0 0 0 2.2 8.1 8.1 5.9 6.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 216 88.5 66.6 10 30 62 31.2 21.6 22.3 27 59.3 145 87.1 34 61.0 8 9 36 9 8.1 1,094 67.5 121.9 115.4 127.3 181.0 135.7 168.7 121.1 129.9 95.9 193.4 243.8 423.9 150.7 153.6 121.4 203.5 275.2 47.9 35.5
Total Current Liabilities 912 640.2 732.8 651 1,039 1,302 858.4 728.4 596.0 521 737.2 860 719.2 631 539.8 425 384 342 302 358.1 1,466 448.8 980.9 814.6 744.9 853.7 887.8 1,097.8 1,063.9 1,184.7 1,059.2 1,310.3 1,799.4 2,564.5 1,498.2 1,382.1 1,641.3 1,895.9 1,999.0 833.5 656.1
Non-Current Liabilities
Long-Term Debt 1,841 1,848.9 1,481.1 1,369 1,338 1,373 1,417.7 1,337.0 1,296.9 1,224 1,288.7 1,300 1,346.3 1,340 1,328.7 1,398 1,382 1,359 1,363 1,369.4 1,371 1,373.0 1,451.7 1,525.4 1,701.2 1,764.2 1,741.7 1,678.6 1,824.3 1,898.1 1,856.3 1,909.3 1,973.9 2,851.0 1,867.2 1,918.1 1,714.2 952.2 1,077.5 473.3 500.4
Deferred Tax Liabilities 72 56.1 67.2 390 123 124 123.7 124.2 223.4 352 56.6 215 112.9 291 51.8 0 0 188 191 0 125 1.1 351.2 347.5 360.0 368.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 392 437.6 512.6 207 217 239 270.5 234.2 231.0 198 327.0 212 368.9 186 500.0 394 366 172 182 338.0 180 1,291.1 383.3 357.3 316.7 273.4 598.1 677.1 709.3 798.7 468.6 557.2 824.5 2,051.2 1,046.8 1,038.5 1,153.8 1,137.8 1,068.2 436.3 381.8
Total Non-Current Liabilities 2,315 2,357.4 2,078.9 1,977 1,678 1,747 1,824.6 1,708.9 1,765.3 1,788 1,682.7 1,727 1,837.7 1,827 1,890.5 1,792 1,748 1,728 1,736 1,715.6 1,676 2,675.3 2,217.1 2,259.9 2,395.0 2,422.7 2,351.7 2,359.2 2,535.9 2,696.9 2,324.9 2,463.2 2,810.0 4,902.2 2,914.0 2,934.2 2,875.3 2,089.9 2,160.6 909.6 881.5
Total Liabilities 3,227 2,997.6 2,811.6 2,628 2,717 3,049 2,683.0 2,437.4 2,361.3 2,309 2,419.9 2,587 2,556.9 2,458 2,430.3 2,217 2,132 2,070 2,038 2,073.7 3,142 3,124.2 3,198.0 3,074.5 3,139.9 3,276.4 3,239.4 3,456.9 3,599.8 3,881.5 3,384.0 3,773.4 4,609.3 7,466.7 4,412.2 4,316.3 4,516.6 3,985.8 4,159.6 1,743.1 1,537.6
Stockholders' Equity
Common Stock 36 0.9 1.0 36 36 36 1.4 1.5 9.9 36 3.9 0 6.6 36 9.4 0 0 36 0 14.6 0 17.3 20.3 22.0 24.7 28.0 30.3 42.7 43.2 49.8 45.9 67.3 103.3 111.7 111.9 116.6 125.9 122.2 111.2 113.6 116.0
Retained Earnings 639 352.4 182.6 2,617 912 742 635.4 472.1 566.0 223 462.6 0 625.2 477 674.6 0 0 295 0 832.0 0 (21.7) 330.1 179.9 903.6 865.9 1,292.3 1,172.8 729.7 610.0 33.0 298.7 586.7 1,367.8 422.8 354.5 388.9 266.0 203.3 270.1 321.5
Accumulated Other Comprehensive Income 2,449 3,279.4 3,265.1 323 1,824 1,808 2,538.1 2,509.0 2,247.2 1,445 2,210.1 0 1,687.2 1,080 1,337.2 0 0 754 0 518.0 0 1,109.5 1,208.0 1,248.4 589.7 575.4 336.1 385.6 254.4 256.8 2.4 (2.2) 23.1 567.7 17.1 10.2 (1.1) 4.4 (1.2) (2.1) (2.1)
Total Stockholders' Equity 3,778 3,604.7 3,451.3 3,485 3,472 3,286 3,202.8 3,012.1 2,846.2 2,404 2,753.4 2,608 2,438.2 2,277 2,190.3 2,004 1,921 1,785 1,720 1,566.6 1,451 1,430.3 1,900.1 1,855.0 1,902.8 1,918.5 1,870.5 1,945.4 1,462.5 1,368.4 18.2 345.8 991.6 3,034.2 827.7 776.1 832.3 697.1 394.2 464.0 519.6
Total Liabilities & Equity 7,016 6,610.8 6,271.6 6,122 6,199 6,344 5,894.2 5,457.9 5,217.0 4,722 5,180.2 5,202 5,001.8 4,742 4,628.8 4,229 4,060 3,861 3,765 3,648.0 4,950 4,895.1 5,544.9 5,375.7 5,528.6 5,685.8 5,600.5 5,985.6 5,475.8 5,679.1 3,447.6 4,164.7 5,809.7 11,456.7 5,470.5 5,306.9 5,567.4 4,873.4 5,120.2 2,275.8 2,156.7
Debt Metrics
Total Debt 1,911 1,933.4 1,805.9 1,606 1,695 2,094 1,750.4 1,624.7 1,583.4 1,466 1,652.8 1,657 1,682.9 1,625 1,624.2 1,468 1,452 1,451 1,424 1,522.5 1,562 1,627.3 1,739.2 1,760.3 1,815.7 1,963.7 1,992.0 2,000.0 2,073.1 2,240.8 2,196.0 2,281.1 2,368.9 3,557.6 2,285.1 2,156.8 2,244.4 1,722.8 1,871.0 814.1 686.4
Net Debt 1,675 1,206.9 1,392.3 1,445 1,334 1,356 1,416.9 1,472.5 1,383.1 1,295 1,469.6 1,459 1,557.1 1,519 1,527.4 1,363 1,320 1,341 1,251 1,397.6 1,461 1,485.7 1,415.9 1,346.6 1,617.1 1,738.3 1,951.0 1,799.2 1,974.4 1,999.2 2,071.5 2,169.7 2,306.5 3,494.3 2,258.3 2,138.4 2,045.0 1,633.2 1,638.8 758.1 625.0
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 216 163.5 30.2 39 153.4 112.0 148.2 101.7 261.3 (194.5) 161.4 181.2 129.1 138.1 176.6 69.1 94.3 45.0 131.7 110.0 35.5 23.1 84.1 23.4 12.1 19.4 141.7 404.2 150.6 289.6 (117.7) (93.1) 252.9 413.9 74.3 (5.5) 123.5 61.9 (61.1) (44.8) 41.6
Depreciation & Amortization 122 110.7 128.9 97 84.6 86.4 105.4 85.4 66.7 67.2 78.7 68.1 54.5 52.9 53.7 55.3 48.5 57.6 58.9 47.7 58.1 0 53.3 48.5 48.7 75.9 68.8 71.1 56.2 73.0 46.2 55.0 127.8 278.6 53.6 50.4 51.3 23.8 80.6 21.8 18.4
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (478) 150.9 113.0 (142) (72.8) 46.2 (61.8) (145.8) (190.7) (57.3) (122.0) (42.1) (8.7) 24.6 (37.8) (101.2) (50.4) 17.4 38.3 (59.9) (28.9) 44.6 (59.3) (3.1) (22.6) 110.5 (24.5) (65.2) (75.3) 204.2 (179.8) 25.5 (552.0) (30.6) 31.6 (53.2) (198.0) 19.2 (165.9) 54.1 (28.9)
Other Non-Cash Items (27) 15.4 10.2 (40) (113.2) (57.3) 7.7 102.6 (10.6) (202.2) (42.6) (115.0) (15.9) (353.5) 1.8 138.4 24.9 90.0 (24.7) 4.9 49.1 44.7 110.8 25.5 122.8 (73.6) (38.8) (197.9) 23.2 (281.3) 353.1 121.6 411.3 (92.5) 74.7 171.9 (23.5) 112.1 214.0 56.0 (19.3)
Operating Cash Flow (233) 273.6 407.6 57 51.9 138.2 147.7 57.5 (16.6) 14.7 97.4 100.8 156.0 144.5 162.3 91.8 114.0 149.0 208.2 160.5 122.0 133.3 204.5 122.7 161.0 216.5 147.1 212.3 154.7 285.5 101.8 108.9 240.0 569.4 234.2 163.6 (46.7) 217.0 67.5 87.1 11.8
Investing Activities
Capital Expenditure (265) (246.3) (295.0) (281) (156.2) (95.3) (75.8) (127.5) (132.8) (169.0) (186.2) (173.7) (168.1) (89.4) (145.4) (102.1) (70.8) (64.8) (68.9) (46.7) (24.9) (10.9) (16.9) (36.7) (53.3) (116.7) (128.1) (187.5) (133.0) (304.9) (160.1) (180.5) (104.0) (539.6) (167.0) (224.7) (105.5) (144.9) (139.6) (70.5) (52.2)
Acquisitions (16) 38.4 3.6 (10) (31.6) 20.8 51.8 11.7 19.4 44.6 46.6 6.4 0.3 (133.0) (23.2) 39.6 1.4 0.4 4.7 52.5 0.0 6.0 (0.0) (0.0) 0 23.8 0 0 0 0 0 0 0 0 0 0 0 (8.8) (421.9) (172.1) 0
Purchases of Investments (9) (39.3) 0 0 0 11.5 (30.1) (0.9) 0 0 0 25.5 (23.6) 38.6 (83.6) (22.8) (19.7) (182.1) (16.7) 10.4 (20.8) (11.5) 0.1 0.1 0 136.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 87 223.6 51.7 165 139.8 (1.0) (38.9) (31.7) 66.9 326.8 (39.4) 37.9 10.2 0 0 0 0 0 0 0 0 0 (233.0) 207.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (0.5) 4.8 1 0 0.1 0.0 (0.1) 8.1 (0.5) (5.9) (0.6) 7.0 7.0 19.5 (0.5) 16.9 30.0 (94.6) (50.6) (24.6) (123.9) (38.6) (11.5) 97.5 216.2 (247.7) 174.2 24.4 216.1 184.3 370.5 (15.8) (445.4) (144.6) (4.1) (181.2) (10.1) 160.5 67.0 59.5
Investing Cash Flow (203) (24.1) (235.0) (125) (47.9) (63.7) (90.1) (151.4) (38.5) 201.8 (184.9) (104.4) (174.2) (177.4) (231.1) (115.5) (72.2) (216.5) (175.4) (38.3) (70.3) (140.3) (288.4) 159.5 44.1 260.0 (375.8) (13.3) (108.7) (88.8) 24.2 189.9 (119.8) (985.0) (311.6) (228.8) (286.7) (163.8) (401.0) (175.7) 7.2
Financing Activities
Net Debt Issuance (31) 260.3 151.7 (69) (25.1) 374.4 379.4 116.2 118.1 (150.3) 76.4 119.2 79.9 77.0 72.8 7.2 21.5 8.2 (67.4) (62.4) (23.8) 110.4 (7.3) 29.9 (103.5) (115.4) 83.3 (9.5) (121.3) (225) (6.2) 36.9 (23.5) 552.4 109.9 (118.8) 559.7 10.1 512.5 119.4 22.1
Stock Repurchased 0 (35.0) (19.8) 0 0 0 0 0 0 0 0 0 0 1.2 (8.5) (8.8) (1.7) 0.4 (2.2) (10.8) (24.2) (9.3) (34.5) (14.9) (40.9) (44.2) 75.2 (160.6) (8.4) (148.9) 21.5 (230.6) (11.8) 0.3 0.3 0.3 (4.7) 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0.0 (0.0) 0 (1.2) 0.1 (0.7) 0 0.0 0.0 (0.3) 0 0 0 0 0 0.3 (1.9) (6.8) 0 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (22) (111.3) 43.6 (63) (358.5) (4.5) (247.7) (77.8) (39.8) (4.7) 5.4 (6.3) (48.2) (29.0) (0.4) (0.8) (39.0) (5.0) (1.6) (7.2) (1.8) (130.8) 12.7 (48.2) (64.2) (2.9) (40.7) 83.5 (52.5) 281.3 (126.3) (55.6) (83.7) (156.0) (28.0) (17.7) (99.9) (212.7) (5.5) (35.1) (18.9)
Financing Cash Flow (53) 114.0 175.5 (132) (383.5) 369.9 131.7 38.4 78.2 (156.2) 81.9 112.3 31.7 49.2 63.9 (2.7) (19.2) 3.6 (71.2) (80.4) (49.8) (29.3) (31.0) (40.0) (208.6) (162.3) (0.2) (88.0) (175.1) (92.6) (110.3) (251.4) (119.0) 396.0 82.1 (108.6) 455.2 (199.8) 504.1 84.5 3.2
Cash Position
Net Change in Cash (489) 312.8 251.1 (200) (377.3) 406.3 180.2 (48.2) 39.2 (12.5) (14.5) 71.8 36.2 9.1 (8.4) (26.6) 30.1 (63.5) 48.6 24.2 (40.9) (181.7) (90.5) 215.2 (11.1) 184.4 (159.7) 102.0 (142.9) 94.2 5.7 68.9 9.5 36.6 8.4 (181.1) 107.1 (133.8) 175.6 (4.8) 21.5
Cash at Beginning 725 413.6 162.6 361 738.3 332.1 151.9 200.1 161.1 183.2 197.7 125.8 89.9 96.8 105.2 131.8 101.7 173.3 124.8 100.6 141.5 323.3 413.8 198.5 209.9 41.0 200.7 98.7 241.6 147.4 141.7 72.9 63.3 26.7 18.3 199.4 92.3 232.2 56.6 61.4 39.9
Cash at End 236 726.4 413.6 161 361.0 738.3 332.1 151.9 200.3 170.7 183.2 197.7 126.1 105.9 96.8 105.2 131.9 109.9 173.3 124.8 100.6 141.5 323.3 413.8 198.8 225.4 41.0 200.7 98.7 241.6 147.4 141.7 72.9 63.3 26.7 18.3 199.4 98.5 232.2 56.6 61.4
Free Cash Flow (498) 27.3 112.6 (224) (104.3) 43.0 71.9 (69.9) (149.4) (154.3) (88.8) (72.8) (12.1) 55.1 16.9 (10.4) 43.2 84.1 139.3 113.8 97.2 122.5 187.6 86.0 107.7 99.8 19.0 24.8 21.6 (19.4) (58.3) (71.6) 136.0 29.8 67.2 (61.1) (152.2) 72.1 (72.1) 16.6 (40.4)
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
Income Statement
Revenue 573 507 591 486 414 535.4 527.3 500 401 738.9 475 429.8 401.5 876.2 469.9 462 413.0 497.8 430.7 346 321 (580) 282.4 200.4 290 (108,858) 774.5 851.3 678.6 641.3 757.3 931.1 1,378.2 2,460.1 775.8 701.5 723.9 430.7 648.9 278.3 289.1 138.3 201.7 192.2 189.3 194.3 191.2 183.2 178.8 211.1 246.5
Gross Profit 193 127 216 146 129 117.7 171.8 193 143 232.8 180 167.3 159.2 321.6 177.2 168 174.0 149.9 154.2 145 136 (35) 124.1 70.5 108 (185,907) 235.2 249.1 189.3 150.9 284.3 281.8 507.6 597.7 259.1 201.4 242.1 138.1 112.6 8.3 65.0 (7.9) 3.6 (0.5) 15.2 0.8 5.5 (0.7) 14.0 (9.2) (4.2)
Operating Income 107 23 153 113 121 69.6 153.9 119 119 95.9 148 137.7 125.2 223.8 158.1 136 124.2 141.2 207.7 154 109 27 117.4 54.4 40 (18,039) 162.4 126.0 85.4 26.0 187.5 140.0 421.5 279.8 166.4 101.0 165.6 140.1 (8.7) (47.3) 64.6 67.9 89.6 57.8 143.2 126.8 (46.1) 41.0 (26.2) 48.7 (42.9)
Net Income 214 161 23 40 153 150.3 144.0 100 267 (40.7) 152 164.3 128.8 216.3 162.8 66 96.6 53.1 129.7 70 33 (463) 80.9 3.1 14 (31,368) 141.7 404.2 150.6 289.6 (91.0) (209.5) 215.2 531.1 68.5 0.9 104.4 57.4 (61.1) (44.8) 41.6 159.2 4.3 6.7 102.3 85.1 11.3 38.1 (48.7) (15.1) (26.6)
EPS (Diluted) 4.00 3.00 0.56 0.94 2.82 2.06 2.72 1.87 4.93 -3.58 2.97 3.33 2.53 2.50 3.20 1.25 1.75 0.81 2.38 1.26 0.61 0.40 1.36 0.05 0.19 0.29 2.32 5.67 2.18 2.33 -3.27 -2.86 1.84 1.04 0.89 -0.01 1.57 0.86 -0.91 -0.66 0.61 2.47 0.07 0.11 1.64 1.53 0.22 0.73 -0.93 -0.29 -0.50
Balance Sheet
Cash & Equivalents 236 726.4 413.6 161 361 738 333.5 152.1 200.3 171 183.2 198 125.8 106 96.8 105 132 110 173 124.8 101 141.5 323.3 413.8 198.5 225.4 41.0 200.7 98.7 241.6 124.4 111.4 62.4 63.3 26.7 18.3 199.4 89.6 232.2 56.0 61.4
Total Assets 7,016 6,610.8 6,271.6 6,122 6,199 6,344 5,894.2 5,457.9 5,217.0 4,722 5,180.2 5,202 5,001.8 4,742 4,628.8 4,229 4,060 3,861 3,765 3,648.0 4,950 4,895.1 5,544.9 5,375.7 5,528.6 5,685.8 5,600.5 5,985.6 5,475.8 5,679.1 3,447.6 4,164.7 5,809.7 11,456.7 5,470.5 5,306.9 5,567.4 4,873.4 5,120.2 2,275.8 2,156.7
Total Debt 1,911 1,933.4 1,805.9 1,606 1,695 2,094 1,750.4 1,624.7 1,583.4 1,466 1,652.8 1,657 1,682.9 1,625 1,624.2 1,468 1,452 1,451 1,424 1,522.5 1,562 1,627.3 1,739.2 1,760.3 1,815.7 1,963.7 1,992.0 2,000.0 2,073.1 2,240.8 2,196.0 2,281.1 2,368.9 3,557.6 2,285.1 2,156.8 2,244.4 1,722.8 1,871.0 814.1 686.4
Stockholders' Equity 3,778 3,604.7 3,451.3 3,485 3,472 3,286 3,202.8 3,012.1 2,846.2 2,404 2,753.4 2,608 2,438.2 2,277 2,190.3 2,004 1,921 1,785 1,720 1,566.6 1,451 1,430.3 1,900.1 1,855.0 1,902.8 1,918.5 1,870.5 1,945.4 1,462.5 1,368.4 18.2 345.8 991.6 3,034.2 827.7 776.1 832.3 697.1 394.2 464.0 519.6
Cash Flow
Operating Cash Flow (233) 273.6 407.6 57 51.9 138.2 147.7 57.5 (16.6) 14.7 97.4 100.8 156.0 144.5 162.3 91.8 114.0 149.0 208.2 160.5 122.0 133.3 204.5 122.7 161.0 216.5 147.1 212.3 154.7 285.5 101.8 108.9 240.0 569.4 234.2 163.6 (46.7) 217.0 67.5 87.1 11.8
Capital Expenditure (265) (246.3) (295.0) (281) (156.2) (95.3) (75.8) (127.5) (132.8) (169.0) (186.2) (173.7) (168.1) (89.4) (145.4) (102.1) (70.8) (64.8) (68.9) (46.7) (24.9) (10.9) (16.9) (36.7) (53.3) (116.7) (128.1) (187.5) (133.0) (304.9) (160.1) (180.5) (104.0) (539.6) (167.0) (224.7) (105.5) (144.9) (139.6) (70.5) (52.2)
Free Cash Flow (498) 27.3 112.6 (224) (104.3) 43.0 71.9 (69.9) (149.4) (154.3) (88.8) (72.8) (12.1) 55.1 16.9 (10.4) 43.2 84.1 139.3 113.8 97.2 122.5 187.6 86.0 107.7 99.8 19.0 24.8 21.6 (19.4) (58.3) (71.6) 136.0 29.8 67.2 (61.1) (152.2) 72.1 (72.1) 16.6 (40.4)