Penumbra, Inc. logo PEN - Penumbra, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 9
HOLD 13
SELL 0
STRONG
SELL
0
| PRICE TARGET: $369.83 DETAILS
HIGH: $388.00
LOW: $335.00
MEDIAN: $374.00
CONSENSUS: $369.83
UPSIDE: 12.42%
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
Revenue
Revenue 374.8 385.4 354.7 339.5 324.1 315.5 301.0 299.4 278.7 284.7 270.9 261.5 241.4 221.2 213.7 208.3 203.9 204.0 190.1 184.3 169.2 166.9 151.1 105.1 137.3 145.3 139.5 134.2 128.4 120.8 111.8 109.6 102.7 96.1 83.9 80.6 73.2 73.1 67.2 65.1 57.9 54.4 50.4 42.3 39.0 35.4 32.5 31.5 26.2
Cost of Revenue 121.3 123.3 114.3 115.4 108.3 104.8 100.7 136.6 97.5 97.7 93.2 94.6 90.3 82.8 78.4 74.3 76.5 78.6 70.2 65.6 57.9 72.6 60.2 40.2 49.3 47.1 43.5 40.3 44.5 42.1 36.8 37.4 36.1 32.3 29.1 29.7 25.5 26.5 24.3 23.6 18.0 18.0 16.9 14.9 12.2 11.5 11.7 10.8 8.7
Gross Profit 253.4 262.1 240.4 224.0 215.9 210.7 200.3 162.8 181.1 187.0 177.7 166.9 151.1 138.4 135.3 134.0 127.4 125.4 119.9 118.7 111.3 94.3 90.9 64.9 88.0 98.1 96.0 93.9 83.9 78.7 75.0 72.3 66.6 63.7 54.8 50.9 47.7 46.6 42.9 41.5 39.9 36.5 33.5 27.4 26.7 23.9 20.8 20.7 17.5
Operating Expenses
R&D Expenses 22.4 21.8 22.7 23.2 22.1 20.0 25.2 24.9 24.6 21.9 21.0 21.5 20.0 18.0 21.3 19.6 20.6 52.0 16.7 17.7 18.1 19.5 34.9 22.7 12.9 12.9 13.7 13.5 11.7 10.9 9.1 8.2 8.0 8.4 8.1 8.1 7.0 6.1 6.5 6.3 5.0 5.5 4.6 4.8 3.2 4.1 3.9 4.1 3.5
SG&A Expenses 192.8 181.1 168.9 160.0 153.5 147.9 139.7 141.9 144.4 130.0 125.9 127.4 123.1 115.6 108.6 114.6 110.9 113.5 94.4 90.6 79.8 76.6 76.2 59.9 74.5 74.7 69.3 67.7 61.1 61.2 55.9 54.8 54.5 51.5 46.0 44.2 42.7 41.6 37.7 35.9 33.1 29.2 26.8 26.4 19.5 19.4 16.6 16.1 12.2
Other Expenses 0 0 0 0 0 0 0 76.9 0 0 18.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 30.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 215.2 202.9 191.6 183.2 175.5 167.9 164.9 243.8 169.0 152.0 165.1 149.0 143.1 133.6 129.9 134.2 131.5 165.5 111.1 108.4 97.9 96.1 111.1 82.6 87.4 87.5 83.0 81.1 72.8 72.0 95.9 63.0 62.5 59.9 54.1 52.3 49.8 47.7 44.2 42.1 38.1 34.6 31.3 31.2 22.7 23.6 20.5 20.2 15.7
Operating Income
Operating Income 38.2 59.2 48.8 40.8 40.4 42.8 35.4 (81.0) 12.1 35.0 12.6 17.9 8.0 4.8 5.4 (0.1) (4.0) (40.1) 8.8 10.3 13.5 (1.7) (20.2) (17.6) 0.6 10.6 13.0 12.8 11.2 6.7 (20.8) 9.3 4.0 3.9 0.7 (1.3) (2.0) (1.2) (1.4) (0.7) 1.8 1.8 2.2 (3.8) 4.0 0.3 0.3 0.5 1.8
Interest Expense 0 0 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0 0 0.4 0 0 0.0 0.1 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 0 0 0 0 0 0 0 0
Interest Income 0 0 4.4 4.0 3.4 3.3 3.5 3.7 3.3 2.6 1.1 1.3 0.6 0.3 0 0 0 0.0 0.1 0.3 0.5 0.4 0.4 0.1 0.3 0.6 0.8 0.8 0.7 0.7 0.8 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.5 0.1 0.0 0.2 0.2 0.3 0.1 0.0 0.0
Profitability
EBITDA 38.2 68.1 55.2 51.1 49.2 49.1 44.3 (69.9) 19.6 31.7 37.8 26.7 14.6 11.3 11.7 5.8 1.7 (34.3) 12.4 13.9 16.9 1.7 (16.8) (14.5) 3.6 12.9 15.0 14.7 13.0 8.4 11.5 10.8 5.4 5.1 1.8 (0.6) (1.4) (0.7) (0.7) (0.1) 2.4 2.3 2.7 (3.4) 4.3 0.6 0.5 0.7 2.0
EBIT 38.2 63.6 52.7 45.6 44.2 44.7 40.1 (77.5) 12.1 24.7 30.8 20.0 8.0 4.8 5.4 (0.1) (4.0) (40.1) 8.8 10.3 13.5 (1.7) (20.2) (17.6) 0.6 10.6 13.0 12.8 11.2 6.7 10.0 9.3 4.0 3.9 0.7 (1.3) (2.0) (1.2) (1.4) (0.7) 1.8 1.8 2.2 (3.8) 4.0 0.3 0.3 0.5 1.8
Income Before Tax 41.7 63.6 52.3 45.3 43.9 44.3 39.8 (77.9) 14.6 38.2 13.3 19.5 8.7 7.1 3.0 (1.2) (5.1) (41.0) 7.8 10.2 12.5 (0.5) (19.7) (17.0) (0.7) 11.7 13.0 13.5 11.9 7.3 (19.9) 9.7 4.5 3.9 0.7 (1.1) (1.8) (1.5) (1.1) (0.4) 2.1 1.9 2.1 (4.2) 4.2 0.4 0.4 0.5 1.8
Income Tax Expense 9.1 16.3 6.5 0.0 4.6 10.7 10.3 (17.7) 3.6 (16.1) 4.1 0.6 0.1 3.3 5.3 2.5 (5.2) (16.3) (0.2) 1.9 1.5 (3.1) (9.9) (4.1) (1.6) 2.4 2.0 (2.7) 1.5 0.9 1.6 (4.9) (1.9) (5.9) 0.5 0.5 1.4 0.9 0.0 (0.6) 1.3 0.2 1.2 (1.5) 1.7 0.0 0.2 0.1 0.5
Net Income 32.6 47.3 45.9 45.3 39.2 33.7 29.5 (60.2) 11.0 54.2 9.2 19.0 8.6 3.9 (2.3) (3.7) 0.1 (24.6) 8.8 9.2 11.8 3.6 (8.8) (12.0) 1.4 9.7 11.5 16.6 10.7 6.7 (18.9) 13.4 5.5 9.1 0.2 (1.6) (3.1) 15.0 11.9 3.0 2.3 1.6 0.9 (2.7) 2.5 0.4 0.2 0.1 0.3
Per Share Data
EPS (Basic) 0.83 1.21 1.17 1.17 1.02 0.88 0.76 -1.55 0.28 1.40 0.24 0.49 0.22 0.10 -0.06 -0.10 0.00 -0.66 0.24 0.25 0.32 0.10 -0.24 -0.34 0.04 0.28 0.33 0.48 0.31 0.19 -0.55 0.39 0.16 0.27 0.01 -0.05 -0.10 -0.08 -0.04 0.01 0.03 0.05 0.03 -0.09 0.10 0.02 0.01 0.00 0.01
EPS (Diluted) 0.82 1.20 1.17 1.15 1.00 0.86 0.75 -1.55 0.28 1.38 0.23 0.48 0.22 0.10 -0.06 -0.10 0.00 -0.66 0.24 0.25 0.32 0.10 -0.24 -0.34 0.04 0.27 0.32 0.46 0.30 0.18 -0.55 0.37 0.15 0.25 0.01 -0.05 -0.10 -0.08 -0.03 0.01 0.02 0.05 0.03 -0.09 0.10 0.02 0.01 0.00 0.01
Shares Outstanding 39.3 39.2 39.1 38.8 38.6 38.6 38.6 38.8 38.7 38.6 38.5 38.3 38.2 38.0 37.9 36.9 37.6 37.2 36.6 36.5 36.5 36.4 36.2 35.2 35.0 35.0 34.8 34.7 34.5 34.4 34.2 34.1 33.8 33.6 33.4 33.2 31.1 31.0 30.6 30.2 30.0 29.9 29.9 29.8 24.5 24.5 24.5 24.5 24.5
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
Current Assets
Cash & Cash Equivalents 241.3 186.9 321.0 421.8 376.1 324.4 280.5 288.3 223.1 167.5 100.8 114.2 94.7 69.9 54.8 58.2 68.2 59.4 66.3 82.3 55.6 69.7 80.1 134.4 72.5 72.8 111.6 77.3 95.6 67.8 47.7 59.7 52.8 50.6 65.6 76.6 109.4 13.2 15.9 13.9 17.6
Short-Term Investments 0 0 149.3 2.8 2.8 15.7 10.5 51.4 90.4 121.7 148.1 106.9 104.4 118.2 129.6 146.1 172.2 195.5 200.6 156.7 187.0 195.2 188.6 143.9 95.8 116.6 82.9 110.0 99.2 133.0 146.2 147.2 162.6 164.0 153.2 142.1 122.3 115.5 126.0 125.9 126.8
Net Receivables 183.3 190.0 183.4 175.5 168.0 167.7 176.1 200.8 192.0 201.8 206.6 209.0 207.4 203.4 189.0 187.4 143.4 133.9 120.1 136.6 126.4 114.6 112.8 97.6 104.0 105.9 101.8 99.0 94.7 81.9 80.4 74.1 65.1 58.0 48.0 48.7 49.9 43.3 41.7 34.6 31.8
Inventory 438.5 431.5 432.4 427.6 415.9 406.7 393.4 373.8 398.4 388.0 374.2 358.8 344.0 334.0 320.3 295.9 274.3 263.5 258.3 255.0 245.3 219.5 191.5 183.4 166.2 153.0 140.4 132.7 121.7 115.7 109.7 97.6 94.6 94.9 90.5 81.1 79.2 73.0 70.1 68.4 66.6
Other Current Assets 412.3 408.2 55.4 37.8 37.0 36.6 31.3 29.5 31.2 36.4 38.8 39.1 36.0 30.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.2 10.0 4.9 9.5 5.0 5.8 1.4
Total Current Assets 1,275.4 1,216.7 1,141.5 1,065.5 999.7 951.1 891.8 943.8 935.0 915.4 868.5 827.9 786.5 755.7 723.6 718.0 690.3 681.5 668.0 653.1 635.1 617.7 590.2 575.9 453.7 463.1 451.3 434.6 423.1 410.7 397.6 392.5 387.9 382.2 371.8 364.7 372.4 263.8 267.2 260.3 253.7
Non-Current Assets
Property, Plant & Equipment 329.5 317.0 295.2 286.5 274.9 268.4 269.7 270.4 291.8 292.5 281.5 285.2 287.6 291.0 272.9 275.6 272.8 227.1 227.0 180.7 128.7 127.4 145.5 142.8 141.2 135.5 87.4 80.4 77.8 35.4 34.1 33.7 32.0 30.9 28.3 24.4 22.9 21.5 16.2 11.9 9.7
Goodwill 166.6 166.8 166.7 166.8 166.1 165.8 166.4 166.1 166.1 166.3 166.0 166.2 166.2 166.0 165.4 165.8 166.2 166.4 7.9 8.1 8.0 8.4 8.0 7.7 7.5 7.7 7.5 7.8 7.7 7.8 7.9 8.0 8.4 8.2 7.4 0 0 0 0 0 0
Intangible Assets 5.9 6.2 6.4 6.6 6.5 6.5 6.9 7.0 68.4 71.1 73.5 76.1 78.7 81.2 83.4 86.2 88.5 90.6 9.5 9.9 10.1 10.6 10.6 10.6 25.0 25.4 25.5 26.0 26.8 27.2 27.3 27.3 28.2 23.8 23.8 0 0 0 0 0 0
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 2.6 3.3 3.9 4.4 4.9 0 0 0 0 0
Other Non-Current Assets 121.0 119.9 40.0 40.4 43.7 40.9 38.5 38.5 33.8 25.9 14.7 10.5 11.2 12.8 13.5 14.0 13.7 13.0 11.4 10.8 9.9 8.7 8.1 6.7 3.9 2.9 9.6 1.6 1.6 0.9 1.1 1.0 1.0 1.0 0.9 0.5 0.6 0.5 0.4 0.4 0.4
Total Non-Current Assets 623.0 609.8 602.8 609.3 593.6 582.1 587.4 590.8 644.8 640.9 599.9 604.7 608.8 615.2 598.0 609.9 611.2 562.8 305.3 257.1 205.7 205.3 220.1 204.3 210.5 202.8 162.8 150.5 145.7 104.3 103.4 106.8 101.8 94.4 87.3 52.3 46.0 44.4 30.1 23.7 21.5
Total Assets 1,898.4 1,826.5 1,744.4 1,674.8 1,593.3 1,533.2 1,479.1 1,534.6 1,579.8 1,556.3 1,468.4 1,432.5 1,395.3 1,370.9 1,321.6 1,327.9 1,301.6 1,244.2 973.2 910.2 840.8 823.0 810.3 780.2 664.2 665.9 614.2 585.1 568.8 515.0 501.0 499.3 489.7 476.7 459.1 417.0 418.4 308.3 297.3 284.0 275.1
Current Liabilities
Account Payables 43.7 34.7 29.8 28.1 31.2 31.3 33.2 32.8 32.5 27.2 28.0 25.8 28.2 26.7 25.4 23.1 14.1 13.4 13.7 13.7 15.4 14.1 14.5 14.4 15.8 15.1 12.0 8.7 7.7 8.2 8.9 7.4 7.4 6.8 5.8 4.3 5.0 4.1 3.6 4.1 4.0
Short-Term Debt 16.5 16.2 15.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.0 3.7 3.7 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0.9 0 4.7 8.7 7.0 8.3 8.4 9.1 9.2 9.7 10.0 7.8 0 0 0 0 0 0 0 0 0 65.6 52.7 53.4 0 0 0 0 0 0 0 0.4 0.3 0.3 0.4 0.5
Other Current Liabilities 151.5 132.2 44.9 0 0 0 1.2 0 0 0 0 0 0 0 0 0 0 0 1.7 1.7 1.5 9.8 1.5 4.8 4.8 1.8 6.4 5.2 5.3 9.3 9.4 7.3 5.8 8.9 10.5 4.0 13.7 14.4 14.9 4.3 4.9
Total Current Liabilities 211.7 183.1 169.6 157.8 158.6 158.3 153.2 151.0 152.8 151.1 145.1 144.1 146.3 144.9 138.3 145.6 130.1 123.2 116.1 108.0 111.9 105.9 108.1 77.6 88.1 91.0 86.2 69.8 69.4 66.1 65.1 49.7 50.3 51.6 51.1 37.5 38.6 35.8 37.3 32.2 34.0
Non-Current Liabilities
Long-Term Debt 199.6 203.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.8 4.3 4.0 3.9 4.0 4.0 4.0 4.0 4.2 3.2 3.2 3.4 3.3 3.3 0 0 0 0 0 0
Other Non-Current Liabilities 13.2 12.3 14.5 17.8 15.9 15.1 9.5 7.6 5.9 5.3 3.3 3.3 3.2 3.3 3.3 3.5 3.6 3.6 7.6 7.7 8.0 3.2 5.8 3.3 11.2 11.2 11.7 11.0 12.7 22.4 23.4 21.2 24.5 21.4 24.2 6.5 6.3 5.9 6.1 4.2 3.1
Total Non-Current Liabilities 212.9 215.8 216.1 223.1 221.8 223.9 221.7 222.3 223.5 226.2 219.2 221.9 224.5 227.1 209.5 212.3 212.2 167.1 172.6 128.8 78.5 79.3 82.5 79.4 88.0 89.2 61.1 61.2 62.7 26.5 26.7 24.4 24.5 24.7 24.2 6.5 6.3 5.9 6.1 4.2 3.1
Total Liabilities 424.6 398.9 385.7 380.9 380.4 382.2 374.8 373.3 376.3 377.4 364.2 366.0 370.8 372.0 347.8 357.9 342.3 290.3 288.6 236.8 190.4 185.2 190.6 157.0 176.1 180.3 147.2 130.9 132.1 92.6 91.7 74.1 74.8 76.3 75.3 44.0 44.9 41.7 43.4 36.4 37.1
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings 270.3 237.7 190.3 144.5 99.2 60.0 26.0 85.7 145.9 134.9 80.6 71.4 52.5 43.9 40.0 42.3 46.0 45.9 70.5 61.7 52.5 40.6 37.0 45.8 57.7 57.5 47.8 36.4 19.8 9.1 2.4 21.3 8.0 2.0 (7.1) (7.3) (5.8) (2.7) (17.6) (16.5) (16.7)
Accumulated Other Comprehensive Income 2.1 4.3 3.1 3.2 (3.1) (5.8) (1.0) (5.0) (4.8) (3.2) (7.2) (5.6) (6.9) (8.1) (13.4) (10.2) (6.0) (2.6) (1.1) 0.3 (0.4) 2.5 0.1 (2.1) (4.6) (2.3) (4.0) (1.5) (2.6) (1.9) (0.9) (0.7) 2.6 1.6 1.2 (4.7) (3.9) (4.7) (3.6) (2.6) (0.8)
Total Stockholders' Equity 1,473.8 1,427.6 1,358.7 1,294.0 1,212.9 1,150.9 1,104.3 1,161.2 1,203.5 1,178.9 1,104.1 1,066.5 1,024.5 998.9 973.8 970.0 959.3 953.9 690.9 678.9 655.1 641.5 622.4 624.8 488.9 485.9 467.3 454.1 436.7 422.2 409.4 425.2 414.9 400.4 383.8 373.0 373.5 266.5 253.9 247.6 238.0
Total Liabilities & Equity 1,898.4 1,826.5 1,744.4 1,674.8 1,593.3 1,533.2 1,479.1 1,534.6 1,579.8 1,556.3 1,468.4 1,432.5 1,395.3 1,370.9 1,321.6 1,327.9 1,301.6 1,244.2 973.2 910.2 840.8 823.0 810.3 780.2 664.2 665.9 614.2 585.1 568.8 515.0 501.0 499.3 489.7 476.7 459.1 417.0 418.4 308.3 297.3 284.0 275.1
Debt Metrics
Total Debt 216.2 219.7 217.0 220.5 220.7 223.4 226.7 228.8 231.4 234.3 228.8 231.3 233.5 235.8 217.5 219.9 219.0 173.5 174.1 129.0 76.8 77.3 78.2 77.6 79.8 82.3 49.4 49.9 49.8 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt (25.1) 32.8 (104.0) (201.2) (155.4) (101.0) (53.8) (59.5) 8.3 66.9 128.0 117.1 138.8 165.9 162.7 161.7 150.8 114.2 107.8 46.7 21.2 7.6 (1.9) (56.8) 7.3 9.5 (62.1) (27.4) (45.8) (67.8) (47.7) (59.7) (52.8) (50.6) (65.6) (76.6) (109.4) (13.2) (15.9) (13.9) (17.6)
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
Operating Activities
Net Income 32.6 (130.3) 45.9 45.3 39.2 33.7 29.5 (60.2) 11.0 54.2 9.2 19.0 8.6 3.9 (2.3) (3.7) 0.1 (24.6) 8.8 9.2 11.8 3.6 (8.8) (12.0) 1.4 9.3 11 16.2 10.5 6.5 (22.4) 13.4 5.5 9.1 0.2 (1.6) (3.1) 15.0 (1.1) 0.2 0.8
Depreciation & Amortization 4.6 4.5 2.5 5.5 5.0 4.4 4.1 7.6 7.5 10.4 6.9 6.7 6.6 6.4 6.2 5.9 5.7 5.8 3.6 3.6 3.5 3.5 3.3 3.1 3.0 2.3 2.1 1.9 1.8 1.7 1.5 1.5 1.4 1.2 1.2 0.8 0.7 0.5 0.7 0.6 0.5
Stock-Based Compensation 0 15.3 15.9 14.2 13.8 12.1 10.9 9.6 13.6 0 14.1 12.8 12.8 10.0 9.7 0 0 0 0 0 0 0 0 0 0 5.0 6.2 5.1 5.1 4.9 4.4 5.0 4.2 4.7 4.5 4.6 4.0 3.8 4.3 3.5 3.0
Change in Working Capital 35.5 3.6 (22.0) (14.3) (10.0) (9.1) 3.6 (23.9) 5.6 (17.4) (23.0) (23.7) (15.0) (19.4) (34.2) (53.5) (14.4) (18.7) 17.9 (27.7) (38.3) (23.7) 7.0 (19.3) (15.2) (15.2) (0.3) (19.8) (21.6) (6.8) (6.9) (16.4) (0.2) (13.2) 3.4 (3.7) (0.0) (19.3) 0.9 (9.5) (8.3)
Other Non-Cash Items 15.1 178.5 1.3 1.0 2.9 5.4 5.5 113.7 0.1 8.1 21.1 3.8 1.1 1.8 2.1 10.0 8.5 43.2 7.8 10.3 7.4 16.6 6.3 10.2 6.4 1.6 1.2 1.2 1.1 1.4 32.7 1.9 2.1 1.5 0.1 0.6 0.7 9.5 (2.3) (2.2) (0.9)
Operating Cash Flow 87.0 86.5 58.3 44.9 49.0 51.1 56.5 22.6 38.3 36.3 30.8 17.1 13.1 1.3 (12.9) (39.6) (4.5) (9.3) 36.5 (3.3) (14.4) (2.1) (3.5) (21.7) (5.9) 4.8 22.1 1.9 (2.1) 7.5 10.4 0.1 10.7 (0.9) 10.8 0.7 2.2 (2.8) 2.5 (9.0) (3.6)
Investing Activities
Capital Expenditure (13.7) (18.4) (16.2) (15.6) (13.5) (5.4) (5.5) (4.5) (5.8) (3.6) (3.3) (4.3) (3.9) (3.6) (6.3) (4.4) (5.0) (8.1) (5.8) (3.3) (4.0) (3.8) (4.2) (6.7) (10.1) (8.0) (7.9) (3.7) (2.5) (3.0) (1.5) (2.3) (2.8) (5.7) (3.9) (2.2) (3.2) (6.6) (3.4) (2.6) (1.1)
Acquisitions 0 0 0 0 0 0 0 0 0 0 (1.0) 0 0 0 0 0 0 2.9 0 0 0 0 0 0 0 0 0 0 0 (0.5) 0 0 0 (9.3) (8.8) (0.5) 0 0 0 0 0
Purchases of Investments (141.1) (209.1) (146.6) (0.0) (0.0) (9.9) (1.7) (0.0) (21.3) (8.6) (58.2) (15.2) 0 0 0 0 0 (19.7) (74.2) (20.7) (12.3) (33.0) (59.7) (60.3) 0 (47.8) 0 (29.6) 0 (11.3) (36.0) (19.5) (42.9) (50.5) (49.0) (50.7) (44.8) (18.3) (17.6) (17.9) (9.5)
Sales/Maturities of Investments 125.1 1.9 0 0 13 4.8 42.9 39.6 43.4 36.5 18.1 13.4 14.6 12.2 16.1 25.1 20.7 23.8 30.2 50.3 19.5 26.6 15.4 14.6 20.2 14.6 27.3 19.2 34.3 24.4 36.7 34.6 43.5 39.8 37.9 25.8 38.0 29.1 17.1 19.2 12.2
Other Investing Activities (1) 0 0 0 0 (0.5) 0 (0.5) 2.1 0 0 (0.5) 0 0 0 0 0 (0.2) 0 0 (0.1) 0 (1) (2.1) 0 (2.6) (5.1) (1) 34.3 13.2 (19.9) 15.1 0.6 9.3 1.7 (0.0) (1.7) 10.8 (0.4) 1.3 2.7
Investing Cash Flow (30.6) (225.6) (162.9) (15.6) (0.5) (11.0) 35.7 34.5 18.4 24.3 (44.4) (6.7) 10.7 8.6 9.8 20.7 15.7 (1.3) (49.8) 26.3 3.1 (10.2) (49.4) (54.5) 10.0 (43.7) 14.3 (15.1) 31.9 9.6 (20.6) 12.8 (2.2) (16.4) (22.1) (27.5) (11.7) 4.2 (3.8) (1.3) 1.6
Financing Activities
Net Debt Issuance (0.6) (0.6) (0.6) (0.7) (0.6) (0.6) (0.6) (0.6) (0.6) (0.5) (0.5) (0.5) (0.5) (0.5) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.3) (0.3) (0.1) (1.0) (2.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 0 0 0 0.0 (100.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.7) (11.3) (2.1) (1.7) (2.2) (10.3) (3.5) 0 (1.4) 0 0 0 0 (0.2) (1.6)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (1.3) (1.9) (0.1) (0.1) (0.7) 6.7 (0.1) (0.1) (0.5) (0.9) (0.1) (0.8) (0.4) (1.1) (1.9) (1.9) (3.3) (5.5) (3.5) (4.1) (2.9) (3.4) (4.8) (2.0) (2.8) (4.7) (1.4) (5.3) (1.7) 3.2 (1.0) (5.2) (6.7) 2.4 (0.7) (2.6) (1.0) (7.9) 3.0 4.9 (1.5)
Financing Cash Flow (1.9) 5.1 4.0 14.8 2.7 6.1 (100.6) 8.3 (0.8) 5.9 0.2 8.7 1.4 5.7 (0.6) 9.1 (2.6) 3.0 (2.7) 3.2 (2.6) 2.5 (1.7) 138.5 (4.3) (0.5) (1.4) (5.3) (1.7) 3.2 (1.0) (5.2) (6.7) 2.4 (0.7) (2.9) 105.5 (5.1) 4.5 7.8 (0.0)
Cash Position
Net Change in Cash 54.4 (134.1) (100.7) 45.7 51.6 43.9 (7.9) 65.2 55.6 66.7 (13.4) 19.5 24.8 15.0 (3.4) (9.9) 8.8 (6.9) (16.0) 26.6 (14.0) (10.4) (54.3) 61.9 (0.3) (38.8) 34.3 (18.3) 27.8 20.1 (12.0) 6.9 2.2 (15.0) (11.0) (32.8) 96.1 (2.6) 1.9 (3.7) (1.9)
Cash at Beginning 186.9 321.0 421.8 376.1 324.4 280.5 288.3 223.1 167.5 100.8 114.2 94.7 69.9 54.8 58.2 68.2 59.4 66.3 82.3 55.6 69.7 80.1 134.4 72.5 72.8 111.6 77.3 95.6 67.8 47.7 59.7 52.8 50.6 65.6 76.6 109.4 13.2 15.9 13.9 17.6 19.5
Cash at End 241.3 186.9 321.0 421.8 376.1 324.4 280.5 288.3 223.1 167.5 100.8 114.2 94.7 69.9 54.8 58.2 68.2 59.4 66.3 82.3 55.6 69.7 80.1 134.4 72.5 72.8 111.6 77.3 95.6 67.8 47.7 59.7 52.8 50.6 65.6 76.6 109.4 13.2 15.9 13.9 17.6
Free Cash Flow 73.3 68.0 42.0 29.4 35.5 45.7 51.0 18.1 32.5 32.6 27.5 12.8 9.2 (2.2) (19.3) (44.0) (9.5) (17.4) 30.6 (6.6) (18.4) (5.8) (7.7) (28.4) (16.1) (3.2) 14.1 (1.8) (4.5) 4.5 9.0 (2.2) 7.9 (6.6) 6.8 (1.5) (1) (9.3) (0.9) (11.6) (4.7)
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
Income Statement
Revenue 374.8 385.4 354.7 339.5 324.1 315.5 301.0 299.4 278.7 284.7 270.9 261.5 241.4 221.2 213.7 208.3 203.9 204.0 190.1 184.3 169.2 166.9 151.1 105.1 137.3 145.3 139.5 134.2 128.4 120.8 111.8 109.6 102.7 96.1 83.9 80.6 73.2 73.1 67.2 65.1 57.9 54.4 50.4 42.3 39.0 35.4 32.5 31.5 26.2
Gross Profit 253.4 262.1 240.4 224.0 215.9 210.7 200.3 162.8 181.1 187.0 177.7 166.9 151.1 138.4 135.3 134.0 127.4 125.4 119.9 118.7 111.3 94.3 90.9 64.9 88.0 98.1 96.0 93.9 83.9 78.7 75.0 72.3 66.6 63.7 54.8 50.9 47.7 46.6 42.9 41.5 39.9 36.5 33.5 27.4 26.7 23.9 20.8 20.7 17.5
Operating Income 38.2 59.2 48.8 40.8 40.4 42.8 35.4 (81.0) 12.1 35.0 12.6 17.9 8.0 4.8 5.4 (0.1) (4.0) (40.1) 8.8 10.3 13.5 (1.7) (20.2) (17.6) 0.6 10.6 13.0 12.8 11.2 6.7 (20.8) 9.3 4.0 3.9 0.7 (1.3) (2.0) (1.2) (1.4) (0.7) 1.8 1.8 2.2 (3.8) 4.0 0.3 0.3 0.5 1.8
Net Income 32.6 47.3 45.9 45.3 39.2 33.7 29.5 (60.2) 11.0 54.2 9.2 19.0 8.6 3.9 (2.3) (3.7) 0.1 (24.6) 8.8 9.2 11.8 3.6 (8.8) (12.0) 1.4 9.7 11.5 16.6 10.7 6.7 (18.9) 13.4 5.5 9.1 0.2 (1.6) (3.1) 15.0 11.9 3.0 2.3 1.6 0.9 (2.7) 2.5 0.4 0.2 0.1 0.3
EPS (Diluted) 0.82 1.20 1.17 1.15 1.00 0.86 0.75 -1.55 0.28 1.38 0.23 0.48 0.22 0.10 -0.06 -0.10 0.00 -0.66 0.24 0.25 0.32 0.10 -0.24 -0.34 0.04 0.27 0.32 0.46 0.30 0.18 -0.55 0.37 0.15 0.25 0.01 -0.05 -0.10 -0.08 -0.03 0.01 0.02 0.05 0.03 -0.09 0.10 0.02 0.01 0.00 0.01
Balance Sheet
Cash & Equivalents 241.3 186.9 321.0 421.8 376.1 324.4 280.5 288.3 223.1 167.5 100.8 114.2 94.7 69.9 54.8 58.2 68.2 59.4 66.3 82.3 55.6 69.7 80.1 134.4 72.5 72.8 111.6 77.3 95.6 67.8 47.7 59.7 52.8 50.6 65.6 76.6 109.4 13.2 15.9 13.9 17.6
Total Assets 1,898.4 1,826.5 1,744.4 1,674.8 1,593.3 1,533.2 1,479.1 1,534.6 1,579.8 1,556.3 1,468.4 1,432.5 1,395.3 1,370.9 1,321.6 1,327.9 1,301.6 1,244.2 973.2 910.2 840.8 823.0 810.3 780.2 664.2 665.9 614.2 585.1 568.8 515.0 501.0 499.3 489.7 476.7 459.1 417.0 418.4 308.3 297.3 284.0 275.1
Total Debt 216.2 219.7 217.0 220.5 220.7 223.4 226.7 228.8 231.4 234.3 228.8 231.3 233.5 235.8 217.5 219.9 219.0 173.5 174.1 129.0 76.8 77.3 78.2 77.6 79.8 82.3 49.4 49.9 49.8 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 1,473.8 1,427.6 1,358.7 1,294.0 1,212.9 1,150.9 1,104.3 1,161.2 1,203.5 1,178.9 1,104.1 1,066.5 1,024.5 998.9 973.8 970.0 959.3 953.9 690.9 678.9 655.1 641.5 622.4 624.8 488.9 485.9 467.3 454.1 436.7 422.2 409.4 425.2 414.9 400.4 383.8 373.0 373.5 266.5 253.9 247.6 238.0
Cash Flow
Operating Cash Flow 87.0 86.5 58.3 44.9 49.0 51.1 56.5 22.6 38.3 36.3 30.8 17.1 13.1 1.3 (12.9) (39.6) (4.5) (9.3) 36.5 (3.3) (14.4) (2.1) (3.5) (21.7) (5.9) 4.8 22.1 1.9 (2.1) 7.5 10.4 0.1 10.7 (0.9) 10.8 0.7 2.2 (2.8) 2.5 (9.0) (3.6)
Capital Expenditure (13.7) (18.4) (16.2) (15.6) (13.5) (5.4) (5.5) (4.5) (5.8) (3.6) (3.3) (4.3) (3.9) (3.6) (6.3) (4.4) (5.0) (8.1) (5.8) (3.3) (4.0) (3.8) (4.2) (6.7) (10.1) (8.0) (7.9) (3.7) (2.5) (3.0) (1.5) (2.3) (2.8) (5.7) (3.9) (2.2) (3.2) (6.6) (3.4) (2.6) (1.1)
Free Cash Flow 73.3 68.0 42.0 29.4 35.5 45.7 51.0 18.1 32.5 32.6 27.5 12.8 9.2 (2.2) (19.3) (44.0) (9.5) (17.4) 30.6 (6.6) (18.4) (5.8) (7.7) (28.4) (16.1) (3.2) 14.1 (1.8) (4.5) 4.5 9.0 (2.2) 7.9 (6.6) 6.8 (1.5) (1) (9.3) (0.9) (11.6) (4.7)