Paycom Software, Inc. logo PAYC - Paycom Software, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 17
HOLD 18
SELL 1
STRONG
SELL
0
| PRICE TARGET: $151.75 DETAILS
HIGH: $195.00
LOW: $115.00
MEDIAN: $144.00
CONSENSUS: $151.75
UPSIDE: 10.21%
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
Revenue
Revenue 571.9 544.3 493.3 483.6 530.5 493.9 451.9 437.5 499.9 434.6 406.3 401.1 451.6 370.6 334.2 316.9 353.5 285.0 256.2 242.1 272.2 220.9 196.5 181.6 242.4 193.4 175.0 169.3 199.9 150.3 133.3 128.8 153.9 114.0 101.3 98.2 119.5 87.8 77.3 73.9 90.1 65.1 55.3 49.0 55.2 44.0 36.6 33.3 37.0 30.3 25.8 23.9 27.6 21.3 18.6
Cost of Revenue 114 113.6 109 87.5 84.6 83.7 88.4 83.9 78.7 74.7 68.9 67.4 65.2 59.1 55.1 50.1 48.5 46.5 42.7 36.4 36.3 33.0 30.9 29.6 30.0 28.8 26.4 25.2 29.3 24.1 22.1 20.9 23.6 19.2 17.8 17.9 17.1 15.5 14.7 11.9 12.0 10.3 8.9 8.0 8.3 7.6 6.4 6.4 6.9 5.9 5.3 4.8 4.8 4.0 3.7
Gross Profit 457.9 430.7 384.3 396.1 445.9 410.1 363.6 353.6 421.2 359.9 337.4 333.7 386.4 311.5 279.1 266.8 305.0 238.5 213.5 205.7 235.9 187.9 165.6 152.0 212.3 164.6 148.6 144.1 170.6 126.2 111.2 107.9 130.3 94.8 83.5 80.4 102.4 72.3 62.6 62.0 78.2 54.9 46.4 41.0 46.9 36.4 30.2 26.9 30.1 24.3 20.5 19.1 22.7 17.3 14.8
Operating Expenses
R&D Expenses 60.7 72.2 74.1 74.8 62.3 66.7 63.0 62.4 50.5 55.3 51.9 49.1 42.7 39.6 40.4 36.8 31.6 34.4 31.1 28.2 24.7 25.1 21.8 21.8 21.6 18.2 19.6 16.8 18.5 12.7 11.5 10.7 11.2 7.4 8.1 8.1 6.8 6.7 6.2 4.2 3.9 2.5 2.3 1.9 1.9 1.4 1.1 0.9 0.9 0.8 0.5 0.3 0.5 1.6 0
SG&A Expenses 187 201.3 197.3 186.2 176.9 173.5 175.1 177 67.4 181.2 173.0 182.4 169.2 152.7 151.8 145.6 135.5 125.1 129.7 122.0 109.0 119.2 102.7 96.9 95.2 80.2 72.8 69.0 84.8 65.6 59.2 50.6 65.0 65.2 50.9 51.0 40.8 50.7 53.7 40.0 43.9 44.6 35.8 26.8 33.2 29.0 23.3 21.8 24.9 23.8 17.2 14.8 15.9 13.0 12.0
Other Expenses 0 0 0.3 22.8 21.6 21.5 20.5 19.1 17.5 16.7 15.6 14.9 14.1 13.4 12.6 12.1 11.7 10.3 9.4 8.4 7.7 7.4 7.2 6.8 6.3 6.0 5.7 5.4 4.8 4.5 4.2 3.5 3.0 2.7 2.4 2.4 2.2 2.3 2.0 1.8 1.7 1.6 1.5 1.4 1.3 1.2 1.2 1.1 1.1 1.0 1.0 0.9 0.9 0 0
Operating Expenses 247.7 273.5 271.7 283.8 260.8 261.7 258.7 258.5 135.4 253.2 240.5 246.4 226.0 205.7 204.8 194.5 178.8 169.8 170.2 158.6 141.4 151.7 131.6 125.5 123.1 104.3 98.1 91.2 108.1 82.8 74.9 64.8 79.3 75.4 61.5 61.6 49.9 59.6 62.0 46.0 49.5 48.6 39.6 30.1 36.4 31.7 25.5 23.8 26.9 25.6 18.7 16.0 17.2 15.5 12.9
Operating Income
Operating Income 210.3 157.2 112.6 112.3 185.1 148.5 104.9 95.1 285.8 106.7 96.9 87.3 160.4 105.8 74.3 72.3 126.3 68.6 43.3 47.1 94.5 36.2 34.0 26.6 89.3 60.3 50.6 52.9 62.5 43.4 36.2 43.0 51.0 19.4 22.0 18.8 52.5 12.7 0.6 16.0 28.7 6.2 6.9 10.8 10.5 4.8 4.7 3.1 3.1 (1.3) 1.8 3.2 5.5 1.5 1.6
Interest Expense 4 0.8 1.1 0.8 0.8 1.0 0.8 0.8 0.8 0.3 0.2 0.6 0.8 0.9 1.0 0.4 0.2 0 0 0 0 0 0 0.0 0.0 0.1 0.3 0.3 0.3 0.3 0.4 0.0 0 0.2 0.2 0.3 0.3 0.3 0.3 0.2 0.3 0.4 0.3 0.4 0.3 0.3 0.3 0.7 2.1 0 2.3 2.3 2.3 0 0.7
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 4.1 0 0 0 5.5 0
Profitability
EBITDA 261.4 209.4 198.8 160 231.1 192.3 147.2 135.5 323.3 143.2 131.2 121.2 192.7 139.9 99.9 95.8 149.3 89.0 60.9 63.3 110.1 50.9 48.1 39.8 100.5 72.8 61.7 63.0 71.7 51.8 45.0 50.3 58.1 23.5 27.0 23.6 56.9 17.0 3.9 19.3 31.6 9.2 9.4 13.1 12.7 6.8 6.5 1.3 5.6 1.3 3.2 4.1 7.4 2.3 3.0
EBIT 210.3 160 153.9 118 191.1 152.5 109.1 99.9 290.8 112.2 102.3 93.4 166.4 114.9 76.3 73.2 127.7 70.0 43.5 47.2 95.2 36.6 34.3 26.7 88.3 61.3 50.8 52.6 62.4 43.0 36.8 43.6 52.0 18.0 22.1 18.9 52.6 13.1 0.4 16.1 28.7 6.6 7.0 10.8 10.6 4.8 4.7 (0.4) 3.9 (0.2) 1.7 2.9 6.2 1.5 1.9
Income Before Tax 215.3 159.2 152.8 117.2 190.3 151.5 108.3 99.1 290 111.9 102.0 92.8 165.6 114.0 75.3 72.8 127.5 70.0 43.5 47.2 95.2 36.6 34.3 26.7 88.3 61.1 50.5 52.4 62.1 42.7 36.4 43.5 52.0 17.9 21.9 18.7 52.3 12.7 0.1 15.9 28.4 6.2 6.6 10.4 10.2 4.5 4.4 (1.0) 1.8 3.9 (0.6) 0.5 3.9 (3.7) 1.2
Income Tax Expense 59.5 45.4 42.1 27.7 50.9 37.9 35.0 31.2 42.9 30.2 26.8 28.3 46.3 34.0 23.1 15.5 35.5 21.3 13.2 (5.0) 30.6 12.2 6.8 (1.9) 25.3 15.7 11.3 3.6 14.8 11.3 7.7 7.8 10.9 4.9 (2.7) (5.3) 12.9 4.1 (6.1) 5.5 9.8 1.1 2.8 4.5 4.2 2.0 1.7 (0.4) 0.8 (4.3) (0.2) 0.2 1.2 0.1 0
Net Income 155.7 113.8 110.7 89.5 139.4 113.6 73.3 68.0 247.2 81.8 75.2 64.5 119.3 80.0 52.2 57.4 91.9 48.7 30.4 52.3 64.6 24.4 27.5 28.6 63.0 45.4 39.2 48.8 47.3 31.4 28.8 35.7 41.2 12.9 14.1 14.2 25.6 8.6 6.2 10.4 18.6 5.2 3.8 5.9 6.0 2.5 2.7 (0.6) 1.1 5.1 (0.4) 0.4 2.6 (0.4) 1.2
Per Share Data
EPS (Basic) 3.05 2.07 1.97 1.59 2.49 2.03 1.31 1.20 4.37 1.43 1.30 1.11 2.06 1.38 0.90 0.99 1.58 0.84 0.52 0.90 1.12 0.42 0.48 0.50 1.09 0.79 0.68 0.85 0.82 0.55 0.50 0.62 0.71 0.22 0.24 0.24 0.44 0.15 0.11 0.18 0.32 0.09 0.07 0.10 0.11 0.05 0.05 -0.01 0.02 0.11 -0.01 0.01 0.05 -0.01 1.26
EPS (Diluted) 3.04 2.07 1.96 1.58 2.48 2.02 1.31 1.20 4.37 1.43 1.30 1.11 2.06 1.38 0.90 0.99 1.58 0.84 0.52 0.90 1.11 0.42 0.47 0.49 1.08 0.78 0.67 0.83 0.81 0.54 0.49 0.61 0.70 0.22 0.24 0.24 0.43 0.15 0.10 0.18 0.31 0.09 0.07 0.10 0.11 0.05 0.05 -0.01 0.02 0.11 -0.01 0.01 0.05 -0.01 1.26
Shares Outstanding 51.1 54.9 56.1 56 56 55.9 55.9 56.5 56.5 57.2 57.8 57.9 57.9 57.9 57.9 58.0 58.0 58.0 57.9 57.9 57.7 57.7 57.6 57.6 57.7 57.7 57.7 57.6 57.4 57.5 57.7 57.8 57.8 58.1 58.0 57.9 57.3 57.7 57.8 57.6 57.1 57.1 57.1 57.0 54.7 50 51.1 50.3 50.8 45.7 47.7 47.7 47.7 24.3 0.9
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 153.9 370 375 532.2 520.8 402 325.8 346.5 371.3 294 484.0 536.5 505.6 400.7 317.2 279.0 360.6 278.0 230.9 202.4 215.1 151.7 156.4 113.5 181.8 133.7 108.1 94.8 91.3 45.7 85.0 54.6 68.1 46.1 66.6 68.1 92.9 60.2 74.5 80.9 72.1
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 71.9 123.1 127.7 46.2 31.3 51.1 30.9 20.0 20.0 34.8 26.3 18.1 17.8 28.4 30.1 20.3 17.9 25.9 23.2 27.9 19.8 19.6 21.6 13.6 8.1 13.3 12.1 13.5 3.8 7.4 8.7 8.0 5.4 8.6 10.7 5.3 1.8 2.0 5.8 2.8 2.6
Inventory 1.5 1.7 1.8 1.6 1.4 1.4 1.3 1.4 1.8 1.4 0.8 0.9 0.9 1.6 1.5 1.6 0.7 1.1 0.9 0.9 1.1 1.2 0.9 1.4 0.9 1.2 0.7 0.8 0.9 0.8 0.6 0.5 0.4 1.0 0.8 0.5 0.5 0.7 0.4 0.4 0.7
Other Current Assets 2,624.6 5,344 1,819.9 1,767 2,387.2 3,805.9 1,573.9 2,431.9 2,852.4 2,445.6 2,011.2 2,109.6 2,490.2 2,299.4 1,839.9 3,509.2 4,026.4 1,923.3 3,031.5 2,093.1 2,364.1 1,674.3 1,578.6 1,086.6 1,442.9 1,709.4 879.3 1,167.7 1,444.3 1,003.1 935.3 930.9 1,124.1 1,115.6 792.7 787.0 951.0 858.2 593.0 1,034.3 1,125.6
Total Current Assets 2,909.9 5,838.8 2,387.4 2,402.7 2,989.4 4,304.8 1,977.9 2,846.3 3,296.3 2,813.4 2,563.0 2,708.2 3,054.7 2,764.2 2,228.4 3,848.0 4,434.3 2,252.0 3,313.2 2,356.5 2,624.2 1,864.6 1,778.3 1,240.1 1,651.6 1,871.1 1,013.0 1,288.0 1,549.5 1,064.6 1,037.5 1,002.0 1,205.0 1,176.3 876.5 866.7 1,051.7 925.6 677.7 1,122.6 1,205.8
Non-Current Assets
Property, Plant & Equipment 755.2 776.7 739.5 678.9 645 642 631.6 531.9 520.2 572 468.3 445.0 421.0 402.4 383.9 374.9 362.5 349.0 329.3 321.0 301.6 285.2 275.6 266.8 254.4 238.5 224.0 196.4 187.5 177.0 168.4 165.4 159.6 147.7 133.8 117.0 106.5 96.8 87.3 76.6 67.0
Goodwill 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9 51.9
Intangible Assets 34 37.4 40.9 44.3 45.2 46.2 47.2 48.2 49.1 50.1 51.1 52.1 53.0 54.0 55.0 56.0 57.0 58.0 59.1 60.1 0 0.3 3.2 0.4 0 0.5 0.6 0.6 0.7 0.7 0.8 0.9 0.9 1.0 1.0 1.1 1.5 1.9 2.3 2.7 3.1
Long-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
Other Non-Current Assets 1,070.8 893.9 1,025.5 853.4 841.1 815 784.0 834.5 815.7 710.1 721.9 694.2 661.0 630.0 595.5 560.9 538.9 504.2 464.6 443.6 429.1 405.9 376.2 362.3 351.9 325.5 302.5 289.9 273.9 227.7 209.6 198.8 190.8 170.0 1.3 1.3 1.4 1.2 1.0 0.9 0.9
Total Non-Current Assets 1,911.9 1,759.9 1,857.8 1,628.5 1,583.2 1,555.1 1,514.6 1,466.4 1,436.9 1,384.1 1,293.1 1,243.1 1,186.9 1,138.3 1,086.2 1,043.7 1,010.3 963.1 904.9 876.6 782.6 743.3 706.9 681.4 658.2 615.8 579.1 538.2 513.3 457.3 430.7 416.9 403.1 373.9 193.4 179.2 166.9 153.0 143.3 136.4 125.8
Total Assets 4,821.8 7,598.7 4,245.2 4,031.2 4,572.6 5,859.9 3,492.5 4,312.7 4,733.3 4,197.5 3,856.1 3,951.3 4,241.6 3,902.5 3,314.6 4,891.7 5,444.6 3,215.1 4,218.0 3,233.1 3,406.8 2,607.9 2,485.2 1,921.5 2,309.7 2,486.9 1,592.0 1,826.2 2,062.8 1,521.9 1,468.2 1,419.0 1,608.1 1,355.2 1,069.9 1,045.9 1,218.6 1,078.6 821.0 1,259.0 1,331.6
Current Liabilities
Account Payables 9.4 6.6 20.4 19.7 9.1 23.9 35.0 15.0 21.0 13.9 6.9 8.5 10.0 16.1 10.2 13.5 12.2 5.8 9.4 9.2 12.1 6.8 9.2 3.7 5.7 5.1 4.7 3.6 4.1 6.3 6.2 5.0 3.4 6.5 2.5 3.4 3.1 3.7 4.8 5.5 5.7
Short-Term Debt 28.6 28.4 23.4 0 0 0 0 0 0 0 0 0 0 0 0 0 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.3 0.9 1.2 1.1 1.1 1.1 1.1 0.9 0.9
Deferred Revenue 32.3 28.3 29.9 30.3 30.2 30 28.9 31.4 27.6 22.8 22.7 21.3 20.5 19.8 19.5 17.9 17.1 16.3 16.2 14.9 14.2 13.6 13.9 12.3 11.7 11.1 10.6 10.1 9.7 9.0 8.4 7.9 7.4 7.0 6.5 6.0 5.6 5.2 4.8 4.4 4.0
Other Current Liabilities 2,712.4 5,216.8 1,925.9 1,616.9 2,239.7 3,665.7 1,439.6 2,303.2 2,728.4 2,328.1 1,901.6 2,006.2 2,391.3 2,207.7 1,754.1 3,425.6 3,946.1 1,846.6 2,960.0 2,025.4 2,299.7 1,613.5 1,522.4 1,033.5 1,392.4 1,662.8 835.9 1,126.8 1,405.5 967.8 902.7 900.3 1,095.2 1,089.2 792.7 787.0 951.0 858.2 593.0 1,034.3 1,125.6
Total Current Liabilities 2,839.5 5,368.4 2,078.5 1,849.2 2,482.2 3,906.8 1,659.7 2,526.9 2,942.3 2,534.6 2,069.9 2,186.7 2,565.1 2,377.0 1,897.8 3,568.5 4,112.5 1,990.4 3,086.3 2,145.2 2,425.6 1,718.0 1,627.8 1,117.3 1,497.9 1,753.5 918.5 1,201.3 1,483.7 1,028.7 958.1 947.1 1,141.3 1,140.2 837.6 828.5 1,005.4 898.9 628.9 1,072.5 1,161.8
Non-Current Liabilities
Long-Term Debt 675 61.9 61.1 0 0 0 0 0 0 0 29 29 29 29 29 29 26.9 27.4 27.8 28.2 28.7 29.1 29.6 30.0 30.4 30.9 31.3 31.7 32.2 32.6 33.0 33.5 33.9 34.4 33.2 33.5 30.4 28.7 29 28.3 24.6
Deferred Tax Liabilities 306.6 304.4 259.3 150.2 143.7 149.7 140.2 136.2 133.5 143.8 145.5 143.0 139.7 141.0 139.4 135.3 134.8 145.5 125.2 119.1 115.3 112.6 102.4 98.5 92.6 91.2 85.9 79.6 73.9 70.2 64.2 59.4 53.4 0 (41.8) (39.0) (36.6) (34.5) (32.1) (29.3) (26.8)
Other Non-Current Liabilities 7.2 (51.3) (45.4) 51.2 50.5 49.9 53.9 112.2 110 51.7 84.8 83.1 73.1 75.2 77.6 73.8 73.6 73.0 71.7 70.8 16.9 19.3 21.5 21.3 22.2 84.7 18.7 1.2 0.4 0 0 0 0 0.6 0 0 0 0 0 0 0
Total Non-Current Liabilities 1,170.5 498.8 457.3 380.1 373.2 377.2 368.2 359.3 352.9 359.9 364.9 357.9 342.1 342.9 340.4 329.1 323.0 331.0 306.4 295.6 235.7 234.2 225.0 218.4 212.0 206.8 198.7 190.2 180.6 158.5 149.7 142.2 133.8 79.6 75.1 72.4 66.9 63.2 61.1 57.7 51.5
Total Liabilities 4,010 5,867.2 2,535.8 2,229.3 2,855.4 4,284 2,027.9 2,886.2 3,295.2 2,894.5 2,434.8 2,544.7 2,907.2 2,719.9 2,238.2 3,897.6 4,435.6 2,321.4 3,392.7 2,440.8 2,661.3 1,952.3 1,852.8 1,335.6 1,709.9 1,960.3 1,117.1 1,391.4 1,664.3 1,187.2 1,107.8 1,089.2 1,275.1 1,219.8 912.7 900.9 1,072.4 962.1 690.0 1,130.2 1,213.3
Stockholders' Equity
Common Stock 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6
Retained Earnings 2,393.8 2,255.6 2,162.5 2,073.3 2,005.5 1,887.5 1,795.5 1,743.6 1,697.2 1,470 1,410.7 1,358.1 1,316.3 1,197.0 1,117.0 1,064.9 1,007.5 915.6 866.9 836.5 784.2 719.6 695.3 667.8 639.2 576.2 530.8 491.6 442.9 395.6 364.2 335.4 299.7 258.5 124.3 110.3 96.1 70.4 61.8 55.6 45.2
Accumulated Other Comprehensive Income (0.6) 0.3 0.4 0.2 (0.1) (0.6) (0.2) (0.3) (0.5) (1) (2.2) (3.0) (2.9) (3.7) (3.8) (1.6) (1.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 811.7 1,731.5 1,709.4 1,801.9 1,717.2 1,575.9 1,464.7 1,426.5 1,438.1 1,303 1,421.3 1,406.7 1,334.5 1,182.6 1,076.4 994.1 1,009.0 893.7 825.3 792.3 745.5 655.6 632.4 585.9 599.8 526.6 474.9 434.8 398.6 334.8 360.4 329.7 333.0 281.2 157.3 145.0 146.2 116.5 131.0 128.8 118.4
Total Liabilities & Equity 4,821.8 7,598.7 4,245.2 4,031.2 4,572.6 5,859.9 3,492.5 4,312.7 4,733.3 4,197.5 3,856.1 3,951.3 4,241.6 3,902.5 3,314.6 4,891.7 5,444.6 3,215.1 4,218.0 3,233.1 3,406.8 2,607.9 2,485.2 1,921.5 2,309.7 2,486.9 1,592.0 1,826.2 2,062.8 1,521.9 1,468.2 1,419.0 1,608.1 1,550.1 1,069.9 1,045.9 1,218.6 1,078.6 821.0 1,259.0 1,331.6
Debt Metrics
Total Debt 763.6 152.2 145.6 81.2 81.5 83.4 80.8 0 0 75.9 29 29 29 29 29 29 28.7 29.2 29.6 30.0 30.5 30.9 31.3 31.8 32.2 32.6 33.1 33.5 34.0 34.4 34.8 35.3 35.3 35.3 34.4 34.6 31.5 29.8 30.1 29.3 25.6
Net Debt 609.7 (217.8) (229.4) (451) (439.3) (318.6) (245.0) (346.5) (371.3) (218.1) (455.0) (507.5) (476.6) (371.7) (288.2) (250.0) (331.9) (248.8) (201.3) (172.3) (184.6) (120.8) (125.1) (81.8) (149.6) (101.0) (75.1) (61.3) (57.4) (11.3) (50.2) (19.4) (32.9) (10.8) (32.2) (33.5) (61.4) (30.3) (44.4) (51.6) (46.5)
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 155.7 113.8 110.7 89.5 139.4 113.6 73.3 68.0 247.2 81.8 75.2 64.5 119.3 80.0 52.2 57.4 91.9 48.7 30.4 52.3 64.6 24.4 27.5 28.6 63.0 45.4 39.2 48.8 47.3 31.4 28.8 35.7 41.2 12.9 14.1 14.2 25.6 8.6 6.2 10.4 18.6
Depreciation & Amortization 51.1 49.7 45 42 39.9 39.7 38.1 35.6 32.8 31.0 28.9 27.7 26.3 24.9 23.6 22.6 21.7 19.0 17.3 16.0 14.9 14.3 13.8 13.1 12.2 11.6 11.0 10.3 9.3 8.7 8.1 6.7 6.1 5.5 4.9 4.7 4.3 4.0 3.6 3.2 2.9
Stock-Based Compensation 0 0 31.2 38.4 22.2 22.6 24.2 24.9 (93.8) 33.4 33.2 35.4 27.8 24.1 24.5 24.3 22.1 21.1 29.0 23.8 23.6 33.6 19.5 21.2 15.8 6.1 4.5 5.6 31.1 5.1 4.6 3.7 23.2 6.8 14.2 13.9 3.6 3.7 13.9 3.6 1.2
Change in Working Capital (3.3) (35.7) (80.6) (53.3) (12.3) (25.4) (47.4) 1.1 (27.3) (11.1) (42.7) (25.7) (26.3) (2.6) (38.0) (53.0) (7.0) (19.1) 0.1 (38.9) (15.8) (29.1) 2.6 (43.0) (11.5) (19.9) (7.3) (28.7) (11.4) (12.8) 0.3 (9.1) (16.2) 9.2 1.3 (15.5) 11.2 8.8 (7.5) 8.6 10.8
Other Non-Cash Items 7 68.3 69.6 (0.3) (0.5) 6.1 0.7 (0.2) 0.2 0.7 1.7 0.6 0.7 0.5 0.7 (0.1) (1.1) (0.3) 0.2 0.0 (0.6) (0.4) (0.5) (0.4) 1.1 (0.7) 0.1 0.6 0.4 0.5 (1.1) (0.3) (0.8) 1.6 0.1 0.0 0.0 (0.3) 0.3 0.0 0.0
Operating Cash Flow 212.5 196.1 175.9 122.5 182.5 160.4 92.8 132.1 148.6 134.5 98.6 105.9 146.1 128.5 67.7 51.7 117.2 89.7 83.2 57.0 89.5 52.9 66.8 25.5 82.0 47.8 53.7 42.3 80.4 39.0 45.5 42.7 57.7 38.2 37.1 15.1 40.2 24.5 19.9 24.6 29.9
Investing Activities
Capital Expenditure (31.2) (73.5) (98) (61.7) (37.7) (51.4) (48.2) (45.6) (47.7) (61.1) (52.3) (42.8) (40.6) (44.8) (24.3) (33.2) (34.5) (38.0) (25.5) (37.4) (25.3) (20.6) (21.0) (26.7) (25.7) (21.9) (36.4) (19.8) (14.9) (15.6) (12.4) (13.2) (18.7) (16.5) (21.0) (12.8) (9.1) (11.7) (7.8) (16.0) (8.4)
Acquisitions 0 0 0.1 0 0 0 0 0 0.0 0.1 0.0 0.0 (25) (53.5) (14.8) (143) 0 151.7 (12.8) 19.8 (32.8) (100.5) (13.3) (20.4) 157.9 119.5 (5.2) 9.9 (14.5) (52.5) 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (166.6) (124) (246.1) (465.8) 0 0 (24.9) 0 0 0 0 0 (25) (34.9) (34.9) (233.8) (169.2) (228.1) (28.7) (94.8) (47.2) (114.9) (10.0) (30.0) (177.9) (134.5) (14.8) 405.6 (435.2) (7.5) 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 167 250 250 0 0 0 0 75 90 0 0 0 25 53.5 49.7 143 136 72.3 40 75 80 215.4 23.2 50.3 20 15 20 19.7 14.5 60 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 342.2 (342.2) (4.4) 35 0 0 0 0.0 0.0 25 88.4 14.8 312.2 0 (151.7) 12.8 (19.8) 32.8 100.5 13.3 20.4 (157.9) (119.5) 5.2 (9.9) (2.3) (64.8) (1.6) 194.9 (6.0) (296.5) (5.7) 164.0 (92.7) (264.9) 441.3 91.3 (428.9)
Investing Cash Flow (30.8) 48 (94) (185.3) (379.9) (55.7) (38.1) 29.4 42.3 (61.1) (52.3) (42.8) (40.6) 8.7 (9.5) 45.1 (67.6) (193.7) (14.2) (57.2) 7.5 79.9 (7.8) (6.4) (183.6) (141.4) (31.2) 405.5 (452.4) (80.4) (14.0) 181.7 (24.7) (312.9) (26.7) 151.2 (101.9) (276.6) 433.5 75.3 (437.3)
Financing Activities
Net Debt Issuance 675 0 0 0 0 0 0 0 0 (29) 0 0 0 (6.4) 0 0.2 (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) 0 0 1.0 (0.3) 3.1 1.8 (0.3) 0.8 3.7 (0.2)
Stock Repurchased (1,054.3) (106.6) (218.9) 5.2 (5.2) 0.0 (42.0) (80.8) (3.1) (211.6) (75.0) (10.4) (0.6) (0.2) (0.2) (94.7) (0.2) (4.4) (28.8) (32.0) (0.4) (36.7) (2.9) (44.0) (8.0) (0.3) (3.8) (18.8) (19.7) (62.3) (1.2) (36.7) (5.0) (37.5) (4.2) (15.2) 0 (27.2) (4.9) (3.5) 0
Dividends Paid (17.7) (20.7) (21.2) (21.8) (21.1) (21.1) (21.3) (21.2) (21.2) (21.5) (21.6) (21.7) 0 0 0 0 0 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 Financing Activities (2,514.8) 3,315 201.4 (660.6) (1,426) 2,226.0 (865.6) (434.6) 400.4 425.1 (106.7) (385.2) 183.0 460.0 (1,676.6) (526.4) 2,099.3 (1,117.8) 934.6 (274.3) 685.8 91.1 488.8 (381.9) (270.6) 826.6 (290.9) (278.7) 437.7 64.9 0.5 (201.2) (6.0) 290.7 (7.4) (178.9) 92.6 265.2 (455.7) (91.3) 428.9
Financing Cash Flow (2,911.8) 3,190.2 (38.7) (677.2) (1,452.3) 2,197.6 (928.9) (536.5) 376.1 163.0 (203.3) (417.4) 183.0 453.5 (1,676.8) (620.9) 2,098.9 (1,118.3) 905.4 (306.7) 685.4 54.0 485.5 (426.4) (279.0) 826.1 (295.1) (297.9) 417.6 2.1 (1.1) (237.9) (11.0) 254.2 (11.9) (191.1) 94.4 237.7 (459.8) (91.1) 428.7
Cash Position
Net Change in Cash (216.1) (5) (157.2) 11.4 118.8 76.2 (20.7) (24.9) 77.3 (190.0) (52.5) 31.0 104.9 83.6 38.1 (81.6) 82.6 47.1 28.6 (12.7) 63.4 (4.7) 42.9 (68.3) 48.2 25.5 13.3 3.5 45.6 (39.3) 30.4 (13.5) 22.0 (20.5) 66.6 68.1 32.8 (14.3) (6.4) 8.8 21.4
Cash at Beginning 370 375 532.2 520.8 402 325.8 346.5 371.3 294.0 484.0 536.5 505.6 400.7 317.2 279.0 360.6 278.0 230.9 202.4 215.1 151.7 156.4 113.5 181.8 133.7 108.1 94.8 91.3 45.7 85.0 54.6 68.1 46.1 66.6 68.1 92.9 60.2 74.5 80.9 72.1 50.7
Cash at End 153.9 370 375 532.2 520.8 402 325.8 346.5 371.3 294.0 484.0 536.5 505.6 400.7 317.2 279.0 360.6 278.0 230.9 202.4 215.1 151.7 156.4 113.5 181.8 133.7 108.1 94.8 91.3 45.7 85.0 54.6 68.1 46.1 66.6 68.1 92.9 60.2 74.5 80.9 72.1
Free Cash Flow 181.3 122.6 77.9 60.8 144.8 109.0 44.6 86.5 100.9 73.3 46.3 63.1 105.5 83.7 43.4 18.5 82.8 51.8 57.7 19.6 64.1 32.3 45.8 (1.2) 56.3 26.0 17.3 22.5 65.5 23.3 33.1 29.5 39.0 21.7 16.1 2.3 31.1 12.8 12.1 8.6 21.6
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
Income Statement
Revenue 571.9 544.3 493.3 483.6 530.5 493.9 451.9 437.5 499.9 434.6 406.3 401.1 451.6 370.6 334.2 316.9 353.5 285.0 256.2 242.1 272.2 220.9 196.5 181.6 242.4 193.4 175.0 169.3 199.9 150.3 133.3 128.8 153.9 114.0 101.3 98.2 119.5 87.8 77.3 73.9 90.1 65.1 55.3 49.0 55.2 44.0 36.6 33.3 37.0 30.3 25.8 23.9 27.6 21.3 18.6
Gross Profit 457.9 430.7 384.3 396.1 445.9 410.1 363.6 353.6 421.2 359.9 337.4 333.7 386.4 311.5 279.1 266.8 305.0 238.5 213.5 205.7 235.9 187.9 165.6 152.0 212.3 164.6 148.6 144.1 170.6 126.2 111.2 107.9 130.3 94.8 83.5 80.4 102.4 72.3 62.6 62.0 78.2 54.9 46.4 41.0 46.9 36.4 30.2 26.9 30.1 24.3 20.5 19.1 22.7 17.3 14.8
Operating Income 210.3 157.2 112.6 112.3 185.1 148.5 104.9 95.1 285.8 106.7 96.9 87.3 160.4 105.8 74.3 72.3 126.3 68.6 43.3 47.1 94.5 36.2 34.0 26.6 89.3 60.3 50.6 52.9 62.5 43.4 36.2 43.0 51.0 19.4 22.0 18.8 52.5 12.7 0.6 16.0 28.7 6.2 6.9 10.8 10.5 4.8 4.7 3.1 3.1 (1.3) 1.8 3.2 5.5 1.5 1.6
Net Income 155.7 113.8 110.7 89.5 139.4 113.6 73.3 68.0 247.2 81.8 75.2 64.5 119.3 80.0 52.2 57.4 91.9 48.7 30.4 52.3 64.6 24.4 27.5 28.6 63.0 45.4 39.2 48.8 47.3 31.4 28.8 35.7 41.2 12.9 14.1 14.2 25.6 8.6 6.2 10.4 18.6 5.2 3.8 5.9 6.0 2.5 2.7 (0.6) 1.1 5.1 (0.4) 0.4 2.6 (0.4) 1.2
EPS (Diluted) 3.04 2.07 1.96 1.58 2.48 2.02 1.31 1.20 4.37 1.43 1.30 1.11 2.06 1.38 0.90 0.99 1.58 0.84 0.52 0.90 1.11 0.42 0.47 0.49 1.08 0.78 0.67 0.83 0.81 0.54 0.49 0.61 0.70 0.22 0.24 0.24 0.43 0.15 0.10 0.18 0.31 0.09 0.07 0.10 0.11 0.05 0.05 -0.01 0.02 0.11 -0.01 0.01 0.05 -0.01 1.26
Balance Sheet
Cash & Equivalents 153.9 370 375 532.2 520.8 402 325.8 346.5 371.3 294 484.0 536.5 505.6 400.7 317.2 279.0 360.6 278.0 230.9 202.4 215.1 151.7 156.4 113.5 181.8 133.7 108.1 94.8 91.3 45.7 85.0 54.6 68.1 46.1 66.6 68.1 92.9 60.2 74.5 80.9 72.1
Total Assets 4,821.8 7,598.7 4,245.2 4,031.2 4,572.6 5,859.9 3,492.5 4,312.7 4,733.3 4,197.5 3,856.1 3,951.3 4,241.6 3,902.5 3,314.6 4,891.7 5,444.6 3,215.1 4,218.0 3,233.1 3,406.8 2,607.9 2,485.2 1,921.5 2,309.7 2,486.9 1,592.0 1,826.2 2,062.8 1,521.9 1,468.2 1,419.0 1,608.1 1,355.2 1,069.9 1,045.9 1,218.6 1,078.6 821.0 1,259.0 1,331.6
Total Debt 763.6 152.2 145.6 81.2 81.5 83.4 80.8 0 0 75.9 29 29 29 29 29 29 28.7 29.2 29.6 30.0 30.5 30.9 31.3 31.8 32.2 32.6 33.1 33.5 34.0 34.4 34.8 35.3 35.3 35.3 34.4 34.6 31.5 29.8 30.1 29.3 25.6
Stockholders' Equity 811.7 1,731.5 1,709.4 1,801.9 1,717.2 1,575.9 1,464.7 1,426.5 1,438.1 1,303 1,421.3 1,406.7 1,334.5 1,182.6 1,076.4 994.1 1,009.0 893.7 825.3 792.3 745.5 655.6 632.4 585.9 599.8 526.6 474.9 434.8 398.6 334.8 360.4 329.7 333.0 281.2 157.3 145.0 146.2 116.5 131.0 128.8 118.4
Cash Flow
Operating Cash Flow 212.5 196.1 175.9 122.5 182.5 160.4 92.8 132.1 148.6 134.5 98.6 105.9 146.1 128.5 67.7 51.7 117.2 89.7 83.2 57.0 89.5 52.9 66.8 25.5 82.0 47.8 53.7 42.3 80.4 39.0 45.5 42.7 57.7 38.2 37.1 15.1 40.2 24.5 19.9 24.6 29.9
Capital Expenditure (31.2) (73.5) (98) (61.7) (37.7) (51.4) (48.2) (45.6) (47.7) (61.1) (52.3) (42.8) (40.6) (44.8) (24.3) (33.2) (34.5) (38.0) (25.5) (37.4) (25.3) (20.6) (21.0) (26.7) (25.7) (21.9) (36.4) (19.8) (14.9) (15.6) (12.4) (13.2) (18.7) (16.5) (21.0) (12.8) (9.1) (11.7) (7.8) (16.0) (8.4)
Free Cash Flow 181.3 122.6 77.9 60.8 144.8 109.0 44.6 86.5 100.9 73.3 46.3 63.1 105.5 83.7 43.4 18.5 82.8 51.8 57.7 19.6 64.1 32.3 45.8 (1.2) 56.3 26.0 17.3 22.5 65.5 23.3 33.1 29.5 39.0 21.7 16.1 2.3 31.1 12.8 12.1 8.6 21.6