PennyMac Mortgage Investment Trust logo PMT - PennyMac Mortgage Investment Trust

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 12
HOLD 14
SELL 0
STRONG
SELL
0
| PRICE TARGET: $12.00 DETAILS
HIGH: $12.00
LOW: $12.00
MEDIAN: $12.00
CONSENSUS: $12.00
UPSIDE: 14.29%
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 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4
Revenue
Revenue 451.2 425.9 290.5 237.2 189.2 14.7 265.8 121.8 102.4 317.1 2.5 178.4 227.8 104.4 84.1 (112.3) (221.9) 221.2 192.1 421.1 (76.9) 270.9 287.5 729.2 120.7 79.0 346.9 279.7 247.5 154.2 121.0 106.5 81.0 101.0 83.9 95.2 71.1 37.7 114.7 78.1 80.6 60.3 107.4 69.3 55.4 68.5 121.6 131.9 86.1 102.6 91.3 119.3 111.4 124.2 92.5 64.4 46.6 27.5 42.0 30.2 17.3 10.4 12.7 13.3 3.9 0.3
Cost of Revenue 34.6 36 228.4 205.1 182.1 31.6 38.6 26.9 27.1 28.3 28.9 28.7 36.2 38.5 44.8 46.0 46.3 49.5 75.7 88.6 95.0 111.6 83.0 75.6 63.1 79.3 65.6 46.5 42.7 45.5 41.2 27.5 25.5 33.5 38.0 36.5 28.9 41.8 46.7 41.4 27.7 33.4 31.1 30.7 25.0 30.2 27.8 26.6 23.5 23.2 29.1 30.8 36.0 37.3 21.9 8.9 6.6 4.4 1.7 1.1 0.9 (3.2) 0.6 0.4 0.1 0
Gross Profit 416.7 389.9 62.1 32.0 7.1 (17.0) 227.2 94.9 75.4 288.8 (26.4) 149.8 191.6 65.9 39.3 (158.3) (268.1) 171.7 116.4 332.5 (171.9) 159.4 204.5 653.6 57.6 (0.3) 281.3 233.2 204.8 108.7 79.8 79.0 55.6 67.5 45.9 58.7 42.2 (4.1) 68.0 36.7 52.8 27.0 76.2 38.6 30.5 38.3 93.7 105.3 62.6 79.4 62.3 88.5 75.4 86.9 70.6 55.5 40.1 23.0 40.3 29.1 16.4 13.6 12.0 12.9 3.8 0.3
Operating Expenses
R&D Expenses 0 0 0 0 0 2.2 0 0.5 0 2.0 0 0 0 2.1 0 0 0 1.8 0 0 0 0.4 0.3 0.3 0.4 0.5 0.4 0.4 0.4 0.4 0.3 0.3 0.4 0.4 0.4 0.4 0.3 0.4 0.3 0.3 0.4 1.3 0 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 3.0 23.9 2.8 2.8 3.0 14.2 11.1 10.9 10.9 11.7 11.3 10.2 10.3 10.8 11.5 10.7 13.6 15.9 9.1 15.1 12.9 11.7 11.1 11.0 11.1 12.9 13.2 12.3 10.5 8.6 11.0 9.7 8.3 8.7 8.4 10.3 8.4 8.4 7.7 9.4 8.9 9.3 9.1 8.8 11.6 12.1 13.4 13.5 12.7 13.5 13.0 11.2 11.0 9.3 7.4 18.2 7.7 1.3 10.0 7.6 5.8 0.6 3.3 2.6 2.3 1.0
Other Expenses 45.8 75.1 12.3 12.2 10.4 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.7 (4.0) 1.9 1.7 0.9 (0.8) 1.0 0.6 0.2 (0.1)
Operating Expenses 48.7 99.1 15.1 15.0 13.4 16.3 11.1 11.4 10.9 13.7 11.3 10.2 10.3 12.8 11.5 10.7 13.6 17.7 9.1 15.1 12.9 12.1 11.4 11.3 11.5 13.4 13.6 12.7 10.9 9.0 11.3 10.1 8.7 9.1 8.8 10.7 8.7 8.8 7.9 9.8 9.4 10.6 9.1 9.1 11.9 12.4 13.6 13.7 13.0 13.8 13.2 20.6 19.5 21.6 11.7 18.2 15.4 11.3 11.9 9.3 6.7 3.3 4.3 3.3 2.5 1.0
Operating Income
Operating Income 367.9 290.8 47.0 17.0 (6.3) (33.3) 216.1 83.5 64.5 275.1 (37.6) 139.5 181.2 53.1 27.8 (169.0) (281.7) 154.1 107.4 317.3 (184.8) 147.3 193.1 642.3 46.1 (13.7) 267.7 220.5 193.8 99.7 68.4 69.0 46.9 58.4 37.1 47.9 33.6 (13.0) 60.0 26.9 43.5 16.4 67.2 29.5 18.5 25.9 80.1 91.6 49.6 65.6 49.0 66.7 53.4 61.9 0 38.0 31.2 36.5 30.1 21.0 10.6 7.5 8.3 10.1 1.4 (1.2)
Interest Expense 279.8 254.7 228.4 205.1 182.1 187.1 184.2 171.8 171.5 185.5 183.9 187.4 179.1 154.7 114.1 78.2 63.5 73.7 75.5 79.2 76.3 69.6 59.0 61.0 81.1 92.6 84.2 65.9 54.7 53.7 46.6 40.1 34.8 35.5 40.3 38.4 37.2 40.8 40.3 36.6 32.0 31.5 37.8 29.7 25.7 21.9 22.0 21.9 19.8 20.3 19.5 14.1 11.2 10.0 8.3 6.7 6.7 6.5 5.2 3.0 2.3 0.6 0.3 3.2 2.7 0
Interest Income 276.1 248.3 230.1 196.5 176.1 123.5 176.7 151.8 143.6 126.4 48.3 162.7 153.0 105.6 89.4 90.7 51.1 55.7 58.3 43.7 37.6 48.6 56.3 32.7 72.1 95.2 71.1 71.8 54.8 67.1 62.3 52.3 36.8 43.1 51.6 52.4 48.1 57.9 58.1 51.8 54.4 53.9 61.4 45.3 40.7 43.2 41.2 48.5 39.3 43.9 35.3 26.8 16.9 20.3 0 0 0 0 0 0 0 4.3 0 0 0 1.6
Profitability
EBITDA 306.6 290.8 47.0 17.0 (6.3) 149.0 395.6 251.0 232.1 460.2 141.4 322.2 355.4 206.5 137.5 (95.5) (222.1) 226.4 179.4 393.0 167.8 218.5 122.2 468.1 (502.8) 59.3 48.1 33.4 49.9 81.3 51.7 42.3 37.8 46.9 25.9 35.9 21.1 (27.7) 48.5 0 0 0 0 0 0 0 0 0 0 0 0 (23.8) (32.6) 3.0 58.4 (10.0) 31.2 27.8 30.1 (2.3) 10.6 (2.4) (1.2) (8.1) 4.0 (1.2)
EBIT 306.6 290.8 47.0 17.0 (6.3) 149.0 395.6 251.0 232.1 460.2 141.4 322.2 355.4 206.5 137.5 (95.5) (222.1) 226.4 179.4 393.0 167.8 218.5 122.2 468.1 (502.8) 59.3 48.1 33.4 49.9 81.3 51.7 42.3 37.8 46.9 25.9 35.9 21.1 (27.7) 48.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.0 0 (2.9) 0 (11.3) 0 0
Income Before Tax 26.9 36.1 47.0 17.0 (6.3) 55.1 26.5 28.6 32.4 40.3 118.4 46.9 38.8 (5.5) 90.4 (39.9) 18.1 (19.5) (40.7) 13.8 91.0 73.9 122.2 468.1 (584.4) 59.3 48.1 33.4 49.9 26.2 51.7 42.3 37.8 45.9 24.2 31.8 22.6 13.9 45.0 (8.2) 11.0 6.9 45.1 25.1 (3.8) 11.9 57.9 73.3 36.3 54.7 36.1 67.9 55.9 65.3 59.0 38.0 24.6 21.3 24.9 18.0 8.3 7.5 8.1 10.1 1.4 (1.2)
Income Tax Expense 2.3 (16.2) (11.3) 9.5 (16.0) 8.6 14.9 3.2 15.2 12.6 57.0 22.2 21.9 10.1 78.5 30.9 37.2 2.6 4.7 24.3 19.4 9.0 22.6 3.4 10.2 0.7 21.9 10.9 3.7 15.4 5.1 5.9 9.7 5.1 4.8 3.0 6.1 17.3 9.6 2.9 3.5 8.8 6.3 3.0 11.3 14.6 3.0 (1.9) (1.6) 2.0 (3.6) 13.4 2.6 16.1 18.6 8.4 5.5 1.7 4.3 1.4 0.6 0.1 0.4 1.9 0.1 0
Net Income 24.6 52.4 58.3 7.5 9.7 46.5 41.4 25.4 47.6 52.9 61.4 24.6 60.7 4.7 11.9 (70.7) (19.1) (16.9) (36.0) 38.1 71.6 82.9 99.5 464.6 (594.7) 58.6 70 44.2 53.5 41.6 46.6 36.4 28.2 40.8 19.4 28.8 28.7 31.2 35.4 (5.3) 14.5 15.7 38.8 28.1 7.5 26.5 54.9 75.2 37.9 52.7 39.7 54.5 53.3 49.2 40.4 29.6 19.1 19.6 20.5 16.6 7.6 7.3 7.7 8.2 1.3 (1.2)
Per Share Data
EPS (Basic) 0.16 0.49 0.55 -0.04 -0.01 0.41 0.36 0.17 0.43 0.49 0.59 0.16 0.57 -0.07 0.01 -0.88 -0.32 -0.28 -0.45 0.32 0.67 0.78 0.94 4.59 -5.93 0.56 0.75 0.52 0.73 0.58 0.66 0.49 0.36 0.53 0.20 0.39 0.42 0.46 0.52 -0.08 0.20 0.21 0.51 0.37 0.09 0.35 0.74 1.01 0.52 0.74 0.61 0.92 0.90 0.83 0.81 0.80 0.65 0.70 0.73 0.59 0.35 0.44 0.46 0.49 0.07 -0.07
EPS (Diluted) 0.16 0.49 0.55 -0.04 -0.01 0.41 0.36 0.17 0.39 0.44 0.51 0.16 0.50 -0.07 0.01 -0.88 -0.32 -0.28 -0.45 0.32 0.67 0.78 0.94 4.51 -5.93 0.55 0.71 0.50 0.68 0.55 0.62 0.47 0.35 0.50 0.20 0.38 0.40 0.44 0.49 -0.08 0.20 0.21 0.49 0.36 0.09 0.34 0.69 0.93 0.50 0.69 0.57 0.86 0.90 0.83 0.81 0.79 0.65 0.70 0.73 0.59 0.35 0.43 0.45 0.48 0.07 -0.07
Shares Outstanding 87.1 87.0 87.0 87.0 86.9 86.8 86.9 86.8 86.7 86.7 86.8 87.3 88.8 89.1 90.6 92.0 92.8 96.3 97.5 97.9 97.9 98.3 99.2 99.7 100.2 93.2 84.4 73.4 64.6 61.0 61.0 60.9 60.8 64.5 66.6 66.8 66.7 67.4 67.6 68.4 71.9 73.8 74.7 74.7 74.5 74.2 74.1 74.1 71.5 70.5 64.4 59.0 58.9 58.9 49.1 36.9 29.1 27.9 27.8 27.8 21.9 16.8 16.8 16.7 16.7 16.7
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 2010 Q2 2010 Q1 2009 Q4
Current Assets
Cash & Cash Equivalents 1,183.7 272.0 1,296.5 1,427.6 1,335.9 337.7 344.4 130.7 126.6 281.1 236.4 238.8 118.7 111.9 58.9 332.0 187.9 59.0 131.7 68.6 92.8 57.7 278.5 346.0 1,099.4 104.1 113.7 77.7 68.5 59.8 88.9 63.0 102.2 77.6 99.5 69.9 120.0 34.5 139.1 95.7 67.0 22.5 2.1 0.1
Short-Term Investments 187.7 190.5 181.0 108.6 204.2 103.2 102.8 336.3 343.3 128.3 150.1 242.0 292.2 252.3 352.3 88.8 236.5 168.0 116.1 44.9 108.4 127.3 81.6 273.6 138.0 90.8 74.9 76.7 29.8 74.8 26.7 39.5 71.0 18.4 5.6 77.4 19.9 122.1 33.4 16.9 47.5 318.9 315.3 213.6
Net Receivables 85.6 8,532.6 75.0 64.5 69.0 86.1 82.1 66.1 64.9 65.5 130.5 75.9 1,510.5 66.9 242.2 3.6 20.6 16.0 19.2 19.2 7.5 139.9 18.9 3.5 3.5 2.8 5.0 1.5 3.3 4.1 2.4 4.0 0.3 4.2 4.7 5.0 10.9 7.1 5.8 2,036.0 2,496.8 11.5 6.7 0.5
Inventory 0 0 0 0 0 0 0 0 (62.7) 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 0 0 0 0 0 0
Other Current Assets 0 (8,723.2) 0 0 0 (1,742.8) (1,735.8) (1,795.4) (598.0) (474.9) (516.9) (556.8) (1,921.4) (431.1) (653.5) (424.4) (444.9) (242.9) (267.0) (132.7) (7.5) 0 (18.9) (3.5) (3.5) (197.7) (5.0) (1.5) (3.3) 0 (2.4) (4.0) (0.3) (4.2) (4.7) (5.0) (10.9) (7.1) (5.8) 1,914.1 1,581.9 17.6 2.5 0
Total Current Assets 1,536.1 272.0 1,614.2 1,671.2 1,693.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 201.2 3,124.2 360.1 619.6 1,237.3 0.0 188.5 154.4 98.3 138.8 115.7 102.5 173.2 96.0 105.2 147.3 139.9 156.6 172.4 4,062.7 4,193.2 370.5 326.7 214.2
Non-Current Assets
Property, Plant & Equipment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 3,624.0 3,644.7 3,668.8 3,739.1 3,770.0 3,867.4 3,809.0 3,941.9 3,951.7 3,919.1 4,108.7 3,977.9 3,975.1 4,012.7 3,940.6 3,695.6 3,391.2 2,892.9 2,825.5 2,551.4 2,441.2 1,755.2 1,388.4 1,189.6 1,157.3 1,535.7 1,162.7 1,126.4 1,156.9 1,162.4 1,109.7 1,010.5 957.0 844.8 790.3 734.8 697.0 656.6 524.5 471.5 455.1 0 0 0
Long-Term Investments 17,270.7 16,750.2 13,161.0 11,340.6 9,371.9 4,166.9 4,285.2 4,404.6 5,199.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,454.6 2,692.7 2,698.6 2,723.3 2,172.0 1,742.2 1,507.5 1,007.9 1,042.3 1,142.9 1,109.5 987.1 742.2 548.5 411.9 0 0 297.4
Other Non-Current Assets 71.8 (20,394.9) 81.8 50.2 40.5 (8,034.3) (8,094.2) (8,346.5) (9,151.2) (3,919.1) (4,108.7) (3,977.9) (3,975.1) (4,012.7) (3,940.6) (3,695.6) (3,391.2) (2,892.9) (2,825.5) (2,551.4) (2,441.2) 9,551.8 2,938.4 3,278.7 4,476.3 3,396.7 2,454.6 0 0 6,651.0 2,172.0 1,742.2 1,507.5 4,664.1 1,042.3 1,142.9 1,109.5 5,421.0 742.2 685.0 1,172.2 0 1.5 0
Total Non-Current Assets 20,966.6 0 16,911.5 15,130.0 13,182.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11,307.0 4,326.8 4,468.3 5,633.6 4,932.4 3,617.4 3,819.1 3,855.5 7,813.4 3,281.7 2,752.7 2,464.5 5,508.9 1,832.7 1,877.7 1,806.5 6,200.9 1,266.7 1,019.9 867.0 0 1.5 297.4
Total Assets 22,502.7 21,346.9 18,525.7 16,801.1 14,876.2 14,408.7 13,055.7 12,081.0 12,293.7 13,113.9 13,223.3 13,384.9 15,357.2 13,921.6 13,945.9 13,217.3 12,387.5 13,772.7 13,868.6 13,598.1 12,522.3 11,516.3 10,455.1 9,083.7 11,918.5 11,771.4 10,744.6 9,465.8 7,556.0 7,813.4 7,267.6 6,676.8 5,790.5 5,604.9 5,785.0 6,010.2 6,002.9 6,357.5 6,618.9 5,767.6 5,820.4 370.5 326.7 324.4
Current Liabilities
Account Payables 171.3 168.5 172.1 178.3 141.4 173.3 149.2 159.0 157.3 387.7 88.5 100.3 148.5 155.9 93.8 119.0 113.1 92.5 158.1 170.2 122.5 135.6 94.4 48.1 39.9 116.9 108.1 35.6 73.5 106.7 69.5 57.7 60.6 71.8 75.2 73.3 79.2 111.9 87.6 25.8 72.6 13.2 11.1 0.5
Short-Term Debt 7,300.7 8,018.6 7,708.2 6,826.9 6,202.5 3,535.7 3,645.0 4,732.7 5,118.4 8,535.2 6,185.2 6,234.4 10,905.1 9,420.6 9,256.0 8,467.4 7,530.7 9,193.8 9,703.4 10,050.9 9,057.9 8,332.1 7,208.9 5,975.8 8,415.5 8,452.7 6,722.3 5,505.7 4,387.6 5,527.3 176.6 4,010.0 3,554.9 189.9 3,480.5 3,855.2 328.4 460.6 347.8 414.2 3,677.1 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 44.0 0 0 0 0 0 0 0 0 0 0 0 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 Current Liabilities 0 (168.5) 0 0 0 (34.2) (35.1) (32.7) (32.2) (2,891.9) 203.0 (9.7) (23.2) 192.5 (1,508.7) (19.5) (2,259.3) 9.6 (2,553.2) (13.2) (2,686.7) (10.8) (1,497.5) (1,685.6) (1,242.9) (1,514.6) (5,469.3) (4,149.3) 32.9 (622.3) 52.4 47.3 71.4 (288.9) 20.1 14.9 12.0 (5.0) 36.4 26.8 (1.6) (13.2) 0 0
Total Current Liabilities 7,619.2 8,018.6 8,064.3 7,191.0 6,520.9 6,897.6 6,095.6 5,059.3 5,493.0 6,250.2 6,508.4 6,325.0 11,222.9 9,768.9 8,059.0 8,715.8 5,479.9 9,339.7 7,360.4 10,299.8 6,624.1 6,906.0 5,974.8 4,413.7 7,269.3 7,153.5 1,361.1 1,391.9 4,524.0 5,081.7 325.9 4,134.7 3,686.9 27.3 3,591.9 3,961.2 440.5 602.0 486.7 537.7 3,795.7 1.7 11.2 10.6
Non-Current Liabilities
Long-Term Debt 12,984.6 11,075.7 8,564.7 7,725.9 6,428.7 5,587.6 5,008.6 5,049.4 4,815.3 4,880.5 4,728.4 5,102.1 4,741.0 4,765.2 3,830.1 4,854.7 4,645.4 0 3,988.0 3,675.9 3,512.1 2,273.4 371.9 407.5 677.1 2,159.3 510.5 1,915.5 1,295.9 529.8 5,374.8 988.2 544.5 0 571.7 582.7 4,091.5 0 4,761.5 3,848.9 590.7 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 0 0 0 0 0 0 0 0 (5,098.2) 0 0 0 (4,060.3) 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 32.4 365.2 17.3 18.5 23.9 6.9 8.3 13.2 19.5 26.1 33.2 37.1 39.4 39.5 39.5 39.4 40.2 8,923.6 40.9 36.3 29.0 21.9 211.7 201.4 417.0 7.6 1,144.1 8.3 8.4 (529.8) 8.3 8.5 16.9 4,033.0 10.9 11.6 12.3 4,713.1 15.8 20.2 19.6 44.6 11.1 0
Total Non-Current Liabilities 13,016.9 11,441.0 8,582.0 7,744.4 6,452.6 5,572.6 5,023.2 5,081.8 4,841.8 4,906.6 4,765.8 5,128.4 4,803.7 4,826.6 3,869.6 4,894.1 4,685.6 4,495.3 4,028.9 3,697.4 3,541.0 2,289.2 2,199.0 2,434.8 2,825.8 2,166.9 7,163.9 1,923.8 1,304.4 1,149.1 5,383.1 996.7 561.4 4,033.0 582.6 594.3 4,103.9 4,713.1 4,777.3 3,869.0 610.3 44.6 11.1 0
Total Liabilities 20,636.1 19,459.6 16,646.4 14,935.5 12,973.5 12,470.2 11,118.9 10,141.1 10,334.8 11,156.8 11,274.3 11,453.4 13,386.5 11,958.7 11,928.6 11,146.6 10,165.6 11,405.2 11,389.3 11,254.7 10,165.1 9,219.5 8,173.8 6,848.4 10,095.1 9,320.4 8,525.0 7,521.9 5,828.4 6,247.2 5,709.0 5,131.4 4,248.2 4,060.3 4,174.5 4,555.4 4,544.4 5,006.4 5,264.0 4,406.7 4,405.9 46.2 11.2 10.6
Stockholders' Equity
Common Stock 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 0.8 0.7 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.2 0.2 0.2
Retained Earnings (603.6) (582.8) (589.6) (602.4) (564.5) (528.9) (530.2) (526.3) (506.4) (508.7) (516.4) (532.6) (511.9) (526.8) (485.4) (444.6) (320.6) (256.7) (183.6) (95.7) (81.5) (100.7) (131.3) (185) (603.6) 22.3 17.1 (3.7) (4.7) (19.7) (26.3) (37.8) (39.2) (46.7) (52.1) (35.0) (29.6) (26.7) (26.3) (29.8) 7.5 7.5 (0.6) (1.9)
Accumulated Other Comprehensive 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
Total Stockholders' Equity 1,866.6 1,887.3 1,879.3 1,865.6 1,902.7 1,938.5 1,936.8 1,939.9 1,958.9 1,957.1 1,949.1 1,931.5 1,970.7 1,962.8 2,017.3 2,070.6 2,221.9 2,367.5 2,479.3 2,343.4 2,357.1 2,296.9 2,281.3 2,235.3 1,823.4 2,450.9 2,219.6 1,943.9 1,727.6 1,566.1 1,558.6 1,545.5 1,542.3 1,544.6 1,610.6 1,454.8 1,458.6 1,351.1 1,354.9 1,360.8 1,414.5 324.3 315.5 313.8
Total Liabilities & Equity 22,502.7 21,346.9 18,525.7 16,801.1 14,876.2 14,408.7 13,055.7 12,081.0 12,293.7 13,113.9 13,223.3 13,384.9 15,357.2 13,921.6 13,945.9 13,217.3 12,387.5 13,772.7 13,868.6 13,598.1 12,522.3 11,516.3 10,455.1 9,083.7 11,918.5 11,771.4 10,744.6 9,465.8 7,556.0 7,813.4 7,267.6 6,676.8 5,790.5 5,604.9 5,785.0 6,010.2 6,002.9 6,357.5 6,618.9 5,767.6 5,820.4 370.5 326.7 324.4
Debt Metrics
Total Debt 20,285.3 19,094.3 16,272.9 14,552.8 12,631.2 12,130.1 10,808.3 9,749.7 9,933.7 10,472.4 10,749.1 11,016.7 12,855.1 11,381.8 11,225.9 10,560.9 9,787.4 11,166.3 11,046.2 10,869.6 9,653.3 8,937.9 7,580.8 6,383.3 9,092.6 9,139.6 8,368.7 7,421.2 5,683.6 6,057.1 5,551.4 4,998.2 4,107.1 3,932.5 4,052.1 4,437.8 4,419.9 4,848.7 5,109.2 4,263.1 4,267.8 31 0 0
Net Debt 19,101.6 18,822.4 14,976.4 13,125.1 11,295.3 11,792.4 10,464.0 9,618.9 9,807.1 10,191.3 10,512.7 10,777.9 12,736.5 11,269.9 11,167.0 10,228.9 9,599.5 11,107.3 10,914.5 10,801.0 9,560.4 8,605.9 7,302.4 6,037.3 7,993.2 9,035.5 8,255.0 7,294.7 5,573.7 5,997.3 5,462.5 4,935.1 4,004.9 3,854.8 3,952.6 4,368.0 4,299.9 4,814.2 4,970.2 4,167.4 139.2 8.5 (2.1) (0.1)
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 24.6 52.4 58.3 7.5 9.7 46.0 41.3 25.3 47.6 52.9 61.4 24.6 60.7 4.7 11.9 (70.7) (19.1) (16.9) (36.0) 38.1 71.6 82.9 99.5 464.6 (594.7) 58.6 70 44.2 53.5 41.6 46.6 36.4 28.2 40.8 19.4 28.8 28.7 31.2 35.4 (5.3) 14.5
Depreciation & Amortization 0 0 0 0 0 (4.5) (4.2) 4.9 4.2 (3.7) 0 0 3.8 6.2 0.5 0 4.1 0 0 0 7.4 0 0 0 0 0 0 0 5.3 67.0 0 0 (4.6) 22.6 21.6 19.5 17.9 17.9 17.9 15.5 (2.9)
Stock-Based Compensation 1.1 0 0.8 0.8 1.0 (4.9) 0.8 0.8 1.4 1.8 1.4 0.8 1.2 1.2 1.0 1.1 1.0 0.5 (0.8) 1.0 1.7 0.7 0.5 0.9 0.2 1.2 1.3 1.4 1.6 1.0 1.6 1.9 0.9 1.0 0.7 1.6 1.5 1.6 1.1 2.0 1.0
Change in Working Capital (10.3) (170.0) (36.1) (42.4) 237.0 (380.2) (75.8) (53.2) (351.0) 242.6 (56.3) (47.9) (4.7) (17.9) 88.1 87.8 (116.6) (97.3) (86.2) 82.6 (396.4) (170.8) 13.5 171.8 606.4 (239.7) 256.9 54.8 33.8 (20.2) 29.7 (0.0) 4.2 (9.3) 3.1 (9.3) 3.8 (118.7) 33.0 18.6 40.2
Other Non-Cash Items (2,544.8) (3,188.2) (1,320.7) (1,981.5) (841.9) (1,277.0) (945.9) 265.9 (44.6) (52.9) 57.1 2,042.1 (1,337.1) 514.7 (503.5) (87.6) 1,881.7 8.9 276.5 (1,120.8) (1,410.9) 106.3 (2,068.9) 265.4 1,693.3 (473.5) (1,744.8) (1,160.4) 162.7 196.8 (288.0) (752.0) 96.4 (92.6) (27.3) (129.3) 361.3 256.1 (682.9) (154.1) (78.1)
Operating Cash Flow (2,529.4) (3,305.7) (1,297.6) (2,015.6) (594.3) (1,620.5) (983.8) 243.8 (342.4) 533.0 63.6 2,019.7 (1,276.2) 509.0 (402.0) (69.5) 1,747.0 (104.8) 153.5 (999.2) (1,869.3) 19.0 (1,955.3) 902.7 1,705.2 (653.5) (1,416.6) (1,060.0) 144.9 227.7 (210.2) (713.8) 122.5 (59.9) (4.1) (108.2) 395.4 170.2 (613.3) (138.8) (39.6)
Investing Activities
Capital Expenditure 0 0 0 0 0 (1.3) (1.5) 0 (26.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 (0.0) (0.0) (0.1) (0.1) 0 0 (2.6)
Acquisitions 0 0 0 0 0 0 0 0 0 0 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) 0.0 0.0 0.1 0.1 0 0 2.6
Purchases of Investments (5.0) 0 (977.8) 58.5 (101.0) (158.2) 127.5 (232.8) (374.6) (63.5) (64.3) (232.3) (2,812.2) (503.1) (538.4) (2,030.6) (730.2) (362.5) (257.1) (423.7) (1,259.2) (559.1) 53.0 (175.4) (1,695.1) (633.4) (528.6) (100.4) (4.8) (547.7) (488.7) (280.3) (555.5) (0.3) (0.4) 0.0 (251.9) (295.2) (305.0) (196.4) (56.3)
Sales/Maturities of Investments 669.1 0 323.9 127.8 105.6 243.4 166.7 92.9 1,011.1 130.2 182.3 105.7 2,694.4 89.3 (3.6) 1,227.7 70.3 81.4 130.4 121.1 1,501.9 866.4 348.4 1,347.8 621.0 135.2 824.6 88.5 109.3 57.2 63.9 56.5 43.0 42.4 117.2 (16.3) 143.0 40.9 123.2 77.7 93.8
Other Investing Activities 601.4 552.7 217.7 86.6 35.6 168.8 22.2 132.6 160.8 (148.9) 75.1 116.6 (5.0) (111.0) (15.6) 214.4 463.4 278.6 231.4 362.3 688.2 (1,561.0) 346.2 (77.6) 470.1 163.9 (10.8) (819.3) 71.0 (251.7) 152.1 42.0 284.9 224.1 169.5 103.5 151.0 280.0 34.9 340.8 55.6
Investing Cash Flow 1,265.5 552.7 (436.2) 272.9 40.2 282.0 314.9 (7.3) 770.8 (82.2) 193.1 (9.9) (122.7) (524.8) (557.6) (588.5) (196.6) (2.4) 104.8 59.8 930.9 (1,253.8) 747.5 1,094.8 (604.0) (334.3) 285.2 (831.1) 175.5 (742.1) (272.6) (181.9) (227.6) 266.1 286.3 87.2 42.0 25.7 (146.9) 222.1 93.1
Financing Activities
Net Debt Issuance 1,975.1 2,498.5 802.6 1,284.5 816.7 629.4 (113.5) 241.1 (25.1) 40.3 (315.6) 378.4 (36.1) (67.1) (5.5) 335.0 247.5 485.9 (197.0) (129.0) 1,343.3 218.8 (256.5) (333.3) 259.6 527.7 (21.2) 548.8 185.5 141.9 (62.4) 531.2 (48.4) (88.4) (203.3) (49.5) 33.1 (3.6) 84.0 (31.2) 92.0
Stock Repurchased 0 0 0 0 0 0 0 0 0 (1.5) 0 (19.4) (7.6) (14.2) (13.5) (28.4) (31.8) (39.2) (17.2) (0.5) 0 (15.6) (8.3) (7.6) (5.8) 0 0 0 0 0 0 0 (10.7) (72.5) (16.4) 0 (2.3) (4.9) (10.6) (18.4) (64.5)
Dividends Paid (45.3) (45.3) (45.3) (45.3) (45.3) (45.3) (45.3) (45.3) (45.2) (45.3) (45.3) (45.8) (46.1) (52.7) (53.3) (54.1) (55.3) (57.1) (52.3) (52.3) (52.3) (45.8) (46.0) (31.2) (53.4) (49.1) (43.3) (38.5) (35.1) (35.1) (35.1) (35.1) (35.4) (37.4) (37.0) (34.1) (31.7) (31.8) (32.1) (32.7) (35.0)
Other Financing Activities (724.0) 308.3 877.1 618.4 (307.1) 747.7 1,041.3 (428.1) (512.6) (399.7) 101.6 (2,202.8) 1,495.5 202.8 758.9 549.7 (1,581.9) (355.1) 71.4 1,097 (317.5) 856.6 1,451.0 (2,378.8) (312.0) 282.4 975.4 1,173.2 (611.6) 378.5 606.1 360.4 224.1 (29.7) (190.8) 54.4 (466.0) (260.2) 762.3 27.7 (37.1)
Financing Cash Flow 1,205.8 2,761.5 1,634.4 1,857.6 464.3 1,331.8 882.6 (232.3) (582.9) (406.1) (259.2) (1,889.7) 1,405.8 68.7 686.6 802.1 (1,421.6) 34.5 (195.2) 915.1 973.5 1,014.0 1,140.2 (2,750.9) (106.0) 978.1 1,167.3 1,900.2 (311.7) 485.4 508.7 856.6 129.6 (228.1) (252.5) (29.2) (351.8) (300.5) 803.7 (54.6) (44.6)
Cash Position
Net Change in Cash (58.0) 8.5 (99.4) 115.0 (89.8) (6.7) 213.6 4.2 (154.5) 44.7 (2.4) 120.1 6.8 52.9 (273.1) 144.1 128.9 (72.8) 63.1 (24.2) 35.1 (220.8) (67.5) (753.4) 995.3 (9.6) 36.0 9.1 8.7 (29.1) 25.9 (39.1) 24.5 (21.9) 29.6 (50.2) 85.6 (104.6) 43.4 28.7 8.9
Cash at Beginning 272.0 263.5 362.9 247.9 337.7 344.4 130.7 126.6 281.1 236.4 238.8 118.7 111.9 58.9 332.0 187.9 59.0 131.7 68.6 92.8 57.7 278.5 346.0 1,099.4 104.1 113.7 77.7 68.5 59.8 88.9 63.0 102.2 77.6 99.5 69.9 120.0 34.5 139.1 95.7 67.0 58.1
Cash at End 214.0 272.0 263.5 362.9 247.9 337.7 344.4 130.7 126.6 281.1 236.4 238.8 118.7 111.9 58.9 332.0 187.9 59.0 131.7 68.6 92.8 57.7 278.5 346.0 1,099.4 104.1 113.7 77.7 68.5 59.8 88.9 63.0 102.2 77.6 99.5 69.9 120.0 34.5 139.1 95.7 67.0
Free Cash Flow (2,529.4) (3,305.7) (1,297.6) (2,015.6) (594.3) (1,621.8) (985.3) 243.8 (368.9) 533.0 63.6 2,019.7 (1,276.2) 509.0 (402.0) (69.5) 1,747.0 (104.8) 153.5 (999.2) (1,869.3) 19.0 (1,955.3) 902.7 1,705.2 (653.5) (1,416.6) (1,060.0) 144.9 227.7 (210.2) (713.8) 122.5 (59.9) (4.1) (108.2) 395.3 170.0 (613.3) (138.8) (42.2)
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 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4
Income Statement
Revenue 451.2 425.9 290.5 237.2 189.2 14.7 265.8 121.8 102.4 317.1 2.5 178.4 227.8 104.4 84.1 (112.3) (221.9) 221.2 192.1 421.1 (76.9) 270.9 287.5 729.2 120.7 79.0 346.9 279.7 247.5 154.2 121.0 106.5 81.0 101.0 83.9 95.2 71.1 37.7 114.7 78.1 80.6 60.3 107.4 69.3 55.4 68.5 121.6 131.9 86.1 102.6 91.3 119.3 111.4 124.2 92.5 64.4 46.6 27.5 42.0 30.2 17.3 10.4 12.7 13.3 3.9 0.3
Gross Profit 416.7 389.9 62.1 32.0 7.1 (17.0) 227.2 94.9 75.4 288.8 (26.4) 149.8 191.6 65.9 39.3 (158.3) (268.1) 171.7 116.4 332.5 (171.9) 159.4 204.5 653.6 57.6 (0.3) 281.3 233.2 204.8 108.7 79.8 79.0 55.6 67.5 45.9 58.7 42.2 (4.1) 68.0 36.7 52.8 27.0 76.2 38.6 30.5 38.3 93.7 105.3 62.6 79.4 62.3 88.5 75.4 86.9 70.6 55.5 40.1 23.0 40.3 29.1 16.4 13.6 12.0 12.9 3.8 0.3
Operating Income 367.9 290.8 47.0 17.0 (6.3) (33.3) 216.1 83.5 64.5 275.1 (37.6) 139.5 181.2 53.1 27.8 (169.0) (281.7) 154.1 107.4 317.3 (184.8) 147.3 193.1 642.3 46.1 (13.7) 267.7 220.5 193.8 99.7 68.4 69.0 46.9 58.4 37.1 47.9 33.6 (13.0) 60.0 26.9 43.5 16.4 67.2 29.5 18.5 25.9 80.1 91.6 49.6 65.6 49.0 66.7 53.4 61.9 0 38.0 31.2 36.5 30.1 21.0 10.6 7.5 8.3 10.1 1.4 (1.2)
Net Income 24.6 52.4 58.3 7.5 9.7 46.5 41.4 25.4 47.6 52.9 61.4 24.6 60.7 4.7 11.9 (70.7) (19.1) (16.9) (36.0) 38.1 71.6 82.9 99.5 464.6 (594.7) 58.6 70 44.2 53.5 41.6 46.6 36.4 28.2 40.8 19.4 28.8 28.7 31.2 35.4 (5.3) 14.5 15.7 38.8 28.1 7.5 26.5 54.9 75.2 37.9 52.7 39.7 54.5 53.3 49.2 40.4 29.6 19.1 19.6 20.5 16.6 7.6 7.3 7.7 8.2 1.3 (1.2)
EPS (Diluted) 0.16 0.49 0.55 -0.04 -0.01 0.41 0.36 0.17 0.39 0.44 0.51 0.16 0.50 -0.07 0.01 -0.88 -0.32 -0.28 -0.45 0.32 0.67 0.78 0.94 4.51 -5.93 0.55 0.71 0.50 0.68 0.55 0.62 0.47 0.35 0.50 0.20 0.38 0.40 0.44 0.49 -0.08 0.20 0.21 0.49 0.36 0.09 0.34 0.69 0.93 0.50 0.69 0.57 0.86 0.90 0.83 0.81 0.79 0.65 0.70 0.73 0.59 0.35 0.43 0.45 0.48 0.07 -0.07
Balance Sheet
Cash & Equivalents 1,183.7 272.0 1,296.5 1,427.6 1,335.9 337.7 344.4 130.7 126.6 281.1 236.4 238.8 118.7 111.9 58.9 332.0 187.9 59.0 131.7 68.6 92.8 57.7 278.5 346.0 1,099.4 104.1 113.7 77.7 68.5 59.8 88.9 63.0 102.2 77.6 99.5 69.9 120.0 34.5 139.1 95.7 67.0 22.5 2.1 0.1
Total Assets 22,502.7 21,346.9 18,525.7 16,801.1 14,876.2 14,408.7 13,055.7 12,081.0 12,293.7 13,113.9 13,223.3 13,384.9 15,357.2 13,921.6 13,945.9 13,217.3 12,387.5 13,772.7 13,868.6 13,598.1 12,522.3 11,516.3 10,455.1 9,083.7 11,918.5 11,771.4 10,744.6 9,465.8 7,556.0 7,813.4 7,267.6 6,676.8 5,790.5 5,604.9 5,785.0 6,010.2 6,002.9 6,357.5 6,618.9 5,767.6 5,820.4 370.5 326.7 324.4
Total Debt 20,285.3 19,094.3 16,272.9 14,552.8 12,631.2 12,130.1 10,808.3 9,749.7 9,933.7 10,472.4 10,749.1 11,016.7 12,855.1 11,381.8 11,225.9 10,560.9 9,787.4 11,166.3 11,046.2 10,869.6 9,653.3 8,937.9 7,580.8 6,383.3 9,092.6 9,139.6 8,368.7 7,421.2 5,683.6 6,057.1 5,551.4 4,998.2 4,107.1 3,932.5 4,052.1 4,437.8 4,419.9 4,848.7 5,109.2 4,263.1 4,267.8 31 0 0
Stockholders' Equity 1,866.6 1,887.3 1,879.3 1,865.6 1,902.7 1,938.5 1,936.8 1,939.9 1,958.9 1,957.1 1,949.1 1,931.5 1,970.7 1,962.8 2,017.3 2,070.6 2,221.9 2,367.5 2,479.3 2,343.4 2,357.1 2,296.9 2,281.3 2,235.3 1,823.4 2,450.9 2,219.6 1,943.9 1,727.6 1,566.1 1,558.6 1,545.5 1,542.3 1,544.6 1,610.6 1,454.8 1,458.6 1,351.1 1,354.9 1,360.8 1,414.5 324.3 315.5 313.8
Cash Flow
Operating Cash Flow (2,529.4) (3,305.7) (1,297.6) (2,015.6) (594.3) (1,620.5) (983.8) 243.8 (342.4) 533.0 63.6 2,019.7 (1,276.2) 509.0 (402.0) (69.5) 1,747.0 (104.8) 153.5 (999.2) (1,869.3) 19.0 (1,955.3) 902.7 1,705.2 (653.5) (1,416.6) (1,060.0) 144.9 227.7 (210.2) (713.8) 122.5 (59.9) (4.1) (108.2) 395.4 170.2 (613.3) (138.8) (39.6)
Capital Expenditure 0 0 0 0 0 (1.3) (1.5) 0 (26.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 (0.0) (0.0) (0.1) (0.1) 0 0 (2.6)
Free Cash Flow (2,529.4) (3,305.7) (1,297.6) (2,015.6) (594.3) (1,621.8) (985.3) 243.8 (368.9) 533.0 63.6 2,019.7 (1,276.2) 509.0 (402.0) (69.5) 1,747.0 (104.8) 153.5 (999.2) (1,869.3) 19.0 (1,955.3) 902.7 1,705.2 (653.5) (1,416.6) (1,060.0) 144.9 227.7 (210.2) (713.8) 122.5 (59.9) (4.1) (108.2) 395.3 170.0 (613.3) (138.8) (42.2)