Ready Capital Corporation logo RC - Ready Capital Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 7
SELL 1
STRONG
SELL
0
| PRICE TARGET: $2.50 DETAILS
HIGH: $2.50
LOW: $2.50
MEDIAN: $2.50
CONSENSUS: $2.50
UPSIDE: 38.12%
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
Revenue
Revenue 45.1 123.8 18.6 (12.0) (74.1) 58.2 61.7 (25.3) (67.3) 60.2 101.9 96.0 79.9 95.4 139.0 108.1 132.5 121.4 131.8 113.3 106.3 69.7 114.9 129.9 23.0 63.9 37.1 34.1 22.2 26.8 43.4 43.7 45.1 40.9 38.8 37.1 42.9 47.3 22.0 21.2 17.5 10.6 11.8 19.7 15.9 9.3 3.7 28.5 6.2 11.2 6.8 (5.9) 4.1 4.8 8.6 4.0 6.9
Cost of Revenue 49.0 260.8 9.8 11.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33.8 0 0 25.7 0 22.2 18.1 12.8 8.3 12.6 10.5 0.2 21.6 20.4 17.4 17.7 53.6 3.1 4.1 4.8 4.7 4.7 4.7 4.7 4.4 8.1 4.4 3.9 3.1 2.3 1.2 0.5 0.3 0.4 0.4 0.3
Gross Profit (3.9) (137.1) 8.8 (23.1) (74.1) 58.2 61.7 (25.3) (67.3) 60.2 101.9 96.0 79.9 95.4 139.0 108.1 132.5 121.4 131.8 113.3 106.3 36.0 114.9 129.9 (2.7) 63.9 14.9 16.0 9.4 18.5 30.8 33.2 44.9 19.4 18.5 19.7 25.3 (6.3) 18.9 17.1 12.7 6.0 7.1 15.0 11.1 4.8 (4.4) 24.1 2.3 8.2 4.5 (7.0) 3.6 4.5 8.2 3.6 6.6
Operating Expenses
R&D Expenses 0 0 3.4 2.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.7 0 0 1.6 0 1.2 1.1 1.1 1.2 0.9 0.8 0.8 1.0 1.0 0.9 0.9 0.8 0.7 0.7 0.7 0.7 0.6 0.6 0.5 0.5 1.3 0.3 0.5 0.1 0 0.1 0.0 0 0 0 0
SG&A Expenses 6.7 29.7 11.5 11.8 25.7 27.9 27.1 23.0 22.0 6.8 24.0 26.9 23.0 24.7 28.7 30.6 31.6 22.2 29.8 28.5 26.0 21.3 30.5 29.2 24.5 20.4 15.7 16.0 14.1 16.0 18.2 17.8 18.9 17.3 17.9 17.7 17.6 13.6 9.8 9.5 8.0 7.8 7.7 8.1 7.4 3.8 0.6 1.0 1.2 0.6 0.8 0.8 0.4 0.2 0.0 0.0 0.0
Other Expenses 110.4 97.4 24.8 26.8 (99.8) 30.3 34.6 (48.3) (89.4) 53.5 78.0 69.1 56.9 70.7 110.3 77.5 100.9 99.2 102.0 84.8 80.3 (67.2) 84.4 100.7 (105.8) 43.5 (4.6) (4.4) (2.4) (3.4) (3.0) (3.9) (3.3) (3.9) (3.7) (3.1) (9.3) 6.5 (1.2) (6.2) (8.1) 1.5 (5.9) 3.6 (3.4) (1.7) (3.1) 0 0 (4.9) 0 0 0 (1.9) 0 0 0
Operating Expenses 117.0 127.1 39.7 41.4 (74.1) 58.2 61.7 (25.3) (67.3) 60.2 101.9 96.0 79.9 95.4 139.0 108.1 132.5 121.4 131.8 113.3 106.3 (42.8) 114.9 129.9 (81.4) 63.9 12.9 11.9 27.1 26.2 31.0 30.8 33.9 17.0 24.1 23.1 21.9 33.1 13.9 13.0 12.0 15.2 11.9 12.8 11.0 3.7 (2.5) 3.2 4.1 2.7 3.0 1.8 2.1 0.4 0.5 0.7 0.8
Operating Income
Operating Income (120.9) (264.2) (30.8) (64.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26.9 0 0 (58.4) 0 9.5 8.0 37.6 38.5 31.9 29.9 28.5 (15.9) (15.1) (11.4) (16.4) 40.1 (14.9) (15.0) (10.5) (7.9) (7.9) (8.9) (7.2) (2.4) 1.1 3.2 1.5 3.0 3.0 3.0 0.8 (0.2) 1.3 1.2 1.7
Interest Expense 96.8 110.9 0 135.8 140.5 153.9 175.6 183.2 183.8 191.9 191.6 170.2 160.4 143.4 115.5 80.8 61.0 57.2 50.1 55.4 50.8 41.3 43.8 43.4 46.9 41.0 39.4 35.8 35.8 31.2 28.9 26.4 22.7 21.1 19.9 17.2 16.4 15.7 3.1 4.1 4.8 4.7 4.7 4.7 4.7 4.4 4.5 4.4 3.9 3.1 2.3 1.2 0.5 0.3 0.4 0.4 0.3
Interest Income 81.7 124.0 0 152.7 155.0 204.0 226.5 234.1 232.4 244.8 250.6 231.0 217.6 207.1 186.0 153.7 124.4 121.9 105.1 103.0 73.4 64.8 61.1 63.2 69.6 64.4 59.7 57.0 48.8 46.2 44.3 41.9 37.1 36.1 35.0 33.2 33.9 32.7 3.0 5.2 8.7 8.9 9.7 9.6 9.7 10.3 11.0 10.8 9.5 8.8 8.3 5.9 3.4 2.3 2.2 2.3 2.8
Profitability
EBITDA (106.9) (262.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26.9 0 0 (58.4) 0 9.5 8.0 37.6 38.5 31.9 29.9 28.5 14.0 (9.4) (7.2) (5.6) 1.5 (13.7) (11.7) (11.0) (10.6) (6.8) (7.7) (5.9) 2.1 1.1 3.2 1.5 3.0 3.0 3.0 (0.3) 18.0 (5.5) (0.9) (2.9)
EBIT (119.9) (264.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 163.7 0 0 (55.7) 0 8.9 6.3 63.2 38.0 47.4 43.0 43.7 (2.4) (9.5) (7.3) (5.7) 33.4 (13.9) (11.9) (8.1) (10.9) (7.0) (7.9) (6.1) 2.1 2.7 3.2 1.5 9.0 3.0 3.0 0.8 18.0 1.3 1.2 1.7
Income Before Tax (216.8) (264.2) (26.9) (88.7) 77.2 (314.8) (15.9) (80.0) (105.8) 11.3 46.3 246.7 39.4 10.5 71.0 69.3 82.1 60.5 53.1 37.9 37.6 31.8 41.9 40.2 (59.5) 19.0 9.8 8.3 27.4 6.7 18.5 16.5 21.1 12.8 12.0 12.2 10.6 34.2 6.0 (1.1) (5.0) 0.1 (7.0) 9.6 0.3 (0.6) 1.3 25.9 2.5 9.0 4.1 (7.6) 2.0 2.6 8.1 3.3 6.2
Income Tax Expense (16.7) (31.6) (9.9) (39.9) (5.2) (17.3) (8.4) (48.6) (30.2) (2.4) 2.8 2.2 0.9 (3.2) 4.8 10.3 17.8 6.9 6.5 7.0 8.7 4.9 6.6 0 (7.9) (1.9) (2.6) (3.0) (3.0) (2.7) 0.9 0.7 2.6 0.1 (0.3) 1.1 1.0 6.3 1.8 0.1 (1.6) 1.9 (0.3) 2.9 0 (0.9) 0.1 0 0 0 0 (0.8) 0.3 0 0.0 0.0 0.0
Net Income (201.7) (234.2) (18.7) (55.5) 79.5 (316.1) (9.3) (36.0) (74.3) 9.8 45.7 248.9 35.1 11.5 63.2 56.1 63.5 53.2 45.8 30.5 28.3 26.9 34.6 33.9 (50.5) 20.4 12.1 11.0 29.5 9.1 16.9 15.3 17.8 12.1 11.8 10.5 8.9 24.1 4.1 (1.0) (3.0) (1.6) (6.0) 6.1 0.4 0.2 1.1 23.2 2.2 8.1 3.7 (6.8) 1.7 2.3 8.1 3.3 6.2
Per Share Data
EPS (Basic) -1.25 -1.44 -0.13 -0.34 0.47 -1.90 -0.07 -0.23 -0.44 0.04 0.25 1.86 0.28 0.10 0.51 0.47 0.65 0.70 0.64 0.43 0.50 0.49 0.63 0.63 -0.97 0.44 0.27 0.25 0.91 0.29 0.53 0.48 0.56 0.38 0.37 0.34 0.29 0.83 0.16 -0.04 -0.12 -0.06 -0.22 0.22 0.01 0.01 0.04 0.83 0.08 0.29 0.13 -0.24 0.06 0.08 0.29 0.12 0.22
EPS (Diluted) -1.25 -1.42 -0.13 -0.34 0.46 -1.89 -0.07 -0.22 -0.44 0.04 0.25 1.76 0.25 0.09 0.49 0.45 0.64 0.70 0.64 0.43 0.50 0.49 0.63 0.63 -0.97 0.44 0.27 0.25 0.90 0.29 0.53 0.48 0.56 0.38 0.37 0.34 0.29 0.83 0.16 -0.04 -0.12 -0.05 -0.19 0.16 0.01 0.01 0.04 0.62 0.07 0.24 0.12 -0.22 0.08 0.08 0.29 0.12 0.22
Shares Outstanding 163.7 161.7 165.5 167.7 165.2 167.4 168.3 168.7 172.0 172.1 172.0 131.7 110.7 110.7 121.1 114.4 94.9 74.2 71.6 71.2 56.8 54.3 54.6 54.0 52.0 46.5 44.4 44.4 32.6 32.1 32.1 32.1 32.0 31.8 32.0 30.8 30.5 29.0 25.9 25.9 25.8 27.9 27.9 27.9 27.9 27.9 27.9 27.9 27.9 27.9 27.9 27.9 27.9 27.9 27.9 27.9 27.9
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 200.4 247.6 147.5 162.9 205.9 143.8 181.3 226.3 166.0 139.2 205.0 227.5 111.2 163.0 208.0 132.1 213.5 229.5 209.8 200.7 308.4 139.0 149.8 257.0 122.3 67.9 52.7 41.9 47.6 54.4 47.8 105.8 86.8 63.4 70.6 63.9 40 59.6 185.0 188.5 66.6
Short-Term Investments 0 0 0 0 0 0 0 0 0 2.4 8.6 0 0 118.6 108.4 52.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100.0 0 239.9 320.0 0 0 0
Net Receivables 127.9 96.2 322.6 303.4 252.9 247.6 340.7 197.8 122.7 131.3 139.1 12.9 10.6 8.2 110.3 83.7 87.9 83.2 45.0 46.7 77.3 42.4 37.4 49.0 79.4 68.0 29.1 23.1 16.0 23.4 18.4 16.3 23.9 23.2 18.1 122.5 146.4 39.9 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 (129.9) 0 0 0 0 83.0 (52.2) (42.5) (53.3) (24.4) 71.3 73.5 (32.2) (37.4) (22.9) (21.9) (95.3) (8.2) (17.2) (6.4) 14.5 (18.6) (7.1) 12.9 (7.2) (35.9) (4.2) (4.4) 3.9 (0.4) (0.6) (0.7)
Other Current Assets (127.9) (135.9) (470.2) (466.3) (458.9) (391.4) (522.0) (424.1) (288.7) (149.6) 42.8 0 0 0 0 843.0 0 0 0 0 0 0 0 0 0 0 0 0 1,275.8 1,411.8 0.4 0 1,313.5 0 0 0 0 0 0 4.8 4.2
Total Current Assets 200.4 207.8 0 0 0 0 0 0 0 0 181.9 240.4 121.8 289.9 110.3 11,160.5 87.9 83.2 45.0 46.7 77.3 41.1 37.4 49.0 79.4 68.0 29.1 23.1 1,339.4 1,489.6 66.7 120.9 1,424.2 81.6 186.6 81.5 299.6 399.7 189.2 193.4 70.8
Non-Current Assets
Property, Plant & Equipment 0 0 3.5 3.7 6.9 7.4 5.8 4.0 4.3 2.5 4.9 5.5 2.4 1.7 1.9 1.8 2.1 2.4 2.7 2.9 3.1 3.2 3.6 4.3 4.6 4.5 2.9 0 89.0 24.0 1,359.5 1,328.2 1.7 1,360.3 1.3 1.4 1.5 0 1.1 1.2 1.3
Goodwill 49.5 49.5 49.5 49.5 49.5 49.5 48.4 49.1 38.5 38.5 37.8 37.8 37.8 37.8 37.6 34.2 32.7 31.5 31.4 18.6 17.8 11.2 11.2 11.2 11.2 11.2 0 0 0 0 0 0 0 0 0 0 0 0 14.2 14.2 14.2
Intangible Assets 161.1 164.5 165.8 161.8 166.6 165.4 165.2 148.5 121.6 120.6 325.7 313.9 295.8 102.6 291.3 267.6 258.6 219.4 186.4 151.6 145.6 121.6 117.4 115.4 118.1 130.3 114.5 114.8 118.5 120.1 121.2 111.3 104.6 94.0 92.7 90.2 88.5 87.5 54.5 49.0 49.5
Long-Term Investments 203.0 2,181.3 302.5 294.9 298.1 288.4 288.6 276.6 272.3 7,060.3 281.3 159.7 150.1 154.0 197.3 423.9 408.4 240.6 243.2 347.1 758.0 167.5 159.6 129.3 131.9 151.3 151.8 147.0 130.5 125.4 135.3 91.7 97.4 95.3 141.4 43.9 271.2 352.4 98.7 97.9 100.0
Other Non-Current Assets (413.6) (2,395.3) (521.3) (510.0) (521.1) (510.7) (508.0) (478.2) (436.7) (7,060.3) (644.9) (456.1) (1.0) (2.7) 11,377.8 89.9 10,770.8 9,040.1 8,782.3 8,456.7 7,092.4 5,068.5 5,025.7 5,200.7 5,004.2 4,679.7 3,851.2 3,578.6 1,578.9 1,259.7 1,201.0 1,143.7 995.9 875.2 2,079.7 2,228.6 1,868.1 1,765.7 232.1 210.9 568.2
Total Non-Current Assets 0 0 0 0 0 0 0 0 0 0 477.2 456.1 431.4 433.3 11,858.2 776.8 11,476.2 9,534.0 9,264.4 8,976.9 8,017.0 5,372.1 5,317.5 5,460.9 5,270.1 4,977.0 4,123.0 3,840.3 1,939.6 1,547.3 2,834.1 2,692.0 1,216.8 2,441.9 2,316.5 2,365.4 2,227.9 2,205.5 399.5 372.0 731.9
Total Assets 6,314.3 7,769.8 8,332.1 9,308.8 9,976.5 10,141.9 11,253.0 11,774.3 12,043.5 12,441.2 12,799.4 12,383.0 11,537.5 11,621.0 11,858.2 11,937.3 11,476.2 9,534.0 9,264.4 8,976.9 8,017.0 5,372.1 5,317.5 5,460.9 5,270.1 4,977.0 4,123.0 3,840.3 3,279.0 3,036.8 2,900.8 2,813.0 2,641.0 2,523.5 2,503.1 2,446.9 2,527.5 2,605.3 588.6 565.4 802.7
Current Liabilities
Account Payables 52.1 59.7 60.9 66.4 58.5 53.3 62.2 48.9 51.5 41.6 19.1 40.0 51.2 47.9 47.8 37.8 40.6 41.4 33.8 35.5 27.3 27.0 24.9 53.1 30.5 31.4 22.0 20.9 16.7 24.8 18.7 18.4 14.8 16.0 13.8 16.6 15.0 15.3 21.0 18.7 19.5
Short-Term Debt 122.4 200.1 418.2 370.7 288.2 317.0 302.0 224.3 200.1 149.9 1,915.9 459.2 458.5 128.9 457.0 511.2 503.3 471.9 491.9 292.5 744.1 466.7 552.1 539.7 0 380.2 439.4 376.5 0.3 88.4 206.8 235.6 210.6 101.1 202.4 0 0 0 125.7 102.5 101.5
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 (299.5) 0 0 0 1,815.5 (157.6) 0 (168.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 46.6 (1,029.8) 0 0 0 0
Other Current Liabilities (72.3) (76.2) (557.0) (519.6) (410.9) (465.7) (476.4) (389.3) (363.8) 237.9 (1,630.2) (578.8) (140.8) 176.2 (617.7) 1,801.7 (138.4) (613.0) (115.9) (441.1) (847.9) (588.0) (634.8) (662.6) (70.2) (458.6) (513.1) (442.0) 234.0 138.2 13.3 (9.2) 24.8 83.2 398.7 951.8 1,016.6 1,073.5 (125.7) (102.5) (101.5)
Total Current Liabilities 122.4 200.1 0 0 0 0 0 0 0 583.1 344.7 159.7 458.5 457.8 525.2 2,510.2 543.9 513.3 525.7 515.1 771.4 570.0 577.0 592.8 30.5 411.7 461.4 397.3 54.9 86.9 92.4 86.0 76.8 86.9 589.6 66.1 75.3 81.7 24.6 22.3 23.1
Non-Current Liabilities
Long-Term Debt 4,491.8 5,671.5 3,350.4 3,631.6 4,829.8 5,700.3 6,008.7 6,463.4 6,769.2 7,086.0 7,805.0 6,897.8 6,718.0 6,343.3 5,887.0 5,913.0 5,155.0 4,456.6 3,651.9 3,299.3 3,223.4 2,750.2 2,922.4 3,018.0 3,025.6 2,740.9 3,201.0 2,922.2 1,512.8 1,819.3 1,340.8 1,466.2 1,436.7 1,197.7 1,247.7 1,192.8 1,142.7 1,217.5 72.4 91.1 354.2
Deferred Tax Liabilities 0 0 0 0 0 0 33.0 33.0 33.0 33.0 30.9 30.9 30.9 30.9 12.0 12.0 12.0 12.0 16.8 16.8 16.8 16.8 18.8 18.8 18.8 18.8 20.1 20.1 20.1 20.0 18.5 18.5 18.5 18.5 0.6 0.1 0.6 0.6 0 0 0
Other Non-Current Liabilities 243.1 238.0 (3,358.9) (3,640.3) (4,846.2) (5,718.1) (6,058.8) (6,505.8) (6,812.0) 11.3 2,398.3 (6,937.9) 2,438.9 2,888.7 1,364.6 3,583.4 (5,169.6) 3,436.8 (3,672.8) 4,066.7 1,419.8 2,686.0 582.0 207.6 (3,049.0) (2,764.3) (3,221.1) (2,942.3) 696.0 344.7 683.9 475.5 336.1 504.7 39.0 (309.7) (250.4) (312.8) 324.9 285.8 254.6
Total Non-Current Liabilities 4,743.2 5,918.0 0 0 0 0 0 0 0 7,105.4 9,755.0 9,293.4 9,190.3 9,264.6 9,881.0 7,456.7 9,509.1 8,245.1 8,035.1 7,688.5 6,838.2 4,537.9 4,493.3 4,647.9 4,494.5 4,132.2 3,384.0 3,092.9 2,463.2 2,385.9 2,239.3 2,162.4 2,002.4 1,881.1 1,358.5 1,828.1 1,902.4 1,971.5 397.2 376.9 608.7
Total Liabilities 4,865.6 6,118.2 6,456.9 7,383.1 7,935.3 8,206.2 8,923.0 9,382.5 9,543.6 9,787.0 10,099.7 9,680.0 9,657.1 9,722.4 9,881.0 9,966.9 9,509.1 8,253.4 8,035.1 7,688.5 6,838.2 4,537.9 4,493.3 4,647.9 4,494.5 4,132.2 3,384.0 3,092.9 2,518.1 2,472.8 2,331.7 2,248.4 2,079.2 1,968.0 1,948.1 1,894.1 1,977.7 2,053.2 421.8 399.2 631.8
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 (1,012.9) (807.5) (569.7) (528.5) (450.3) (505.1) (146.0) (92.3) (3.5) 124.4 168.5 187.1 (6.5) 5.0 40.1 27.3 21.7 8.6 (10.4) (23.1) (20.0) (24.2) (31.8) (49.8) (69.6) 8.7 9.2 14.9 21.8 5.3 9.0 5.9 2.6 (3.4) (4.0) (4.0) (2.6) (0.2) (14.9) (15.4) (11.2)
Accumulated Other Comprehensive Income (24.5) (24.2) (24.1) (23.3) (21.7) (18.6) (24.2) (13.9) (12.3) (17.9) (5.9) (9.3) (12.4) (9.4) (4.5) (2.8) (4.7) (5.7) (6.3) (7.2) (7.0) (9.9) (9.9) (9.9) (9.5) (6.2) (10.3) (7.7) (1.3) (0.9) 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 1,347.9 1,552.4 1,774.7 1,827.1 1,941.5 1,838.0 2,233.4 2,292.9 2,402.8 2,548.3 2,600.5 2,603.1 1,780.1 1,799.4 1,875.3 1,867.8 1,859.8 1,276.1 1,210.2 1,269.5 1,159.7 815.4 805.3 794.6 757.9 825.4 719.7 728.0 741.1 544.8 549.6 545.3 542.0 536.1 535.7 533.4 511.0 513.1 165.5 148.8 153.0
Total Liabilities & Equity 6,314.3 7,769.8 8,332.1 9,308.8 9,976.5 10,141.9 11,253.0 11,774.3 12,043.5 12,441.2 12,799.4 12,383.0 11,537.5 11,621.0 11,858.2 11,937.3 11,476.2 9,534.0 9,264.4 8,976.9 8,017.0 5,372.1 5,317.5 5,460.9 5,270.1 4,977.0 4,123.0 3,840.3 3,279.0 3,036.8 2,900.8 2,813.0 2,641.0 2,523.5 2,503.1 2,446.9 2,527.5 2,605.3 588.6 565.4 802.7
Debt Metrics
Total Debt 4,622.5 5,863.0 3,777.2 4,011.1 5,134.4 6,035.2 6,327.8 6,697.1 6,979.2 7,244.1 9,702 9,293.4 9,202.9 9,189.6 9,712.7 6,426.3 5,660.7 6,974.2 4,147.4 5,002.4 5,288.2 4,120.8 4,099.0 4,271.9 4,293.5 3,930.3 3,201.0 2,922.8 1,763.1 2,306.9 1,547.6 2,080.2 1,909.4 1,775.7 1,450.0 1,192.8 1,142.7 1,217.5 198.1 193.6 455.7
Net Debt 4,422.0 5,615.4 3,629.6 3,848.2 4,928.5 5,891.4 6,146.5 6,470.8 6,813.2 9,055.5 9,520.1 9,065.9 9,091.7 9,026.5 9,504.7 6,294.1 5,447.2 6,744.7 3,937.7 4,801.7 4,979.8 3,981.8 3,949.2 4,014.9 4,171.2 3,862.4 3,148.3 2,880.9 1,715.5 2,252.5 1,499.8 1,974.3 1,822.6 1,712.2 1,379.5 1,128.8 1,102.7 1,157.9 13.1 5.1 389.0
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 (200.1) (227.3) (18.7) (52.8) 77.7 (301.2) (11.7) (31.4) (78.0) 13.7 47.2 253.4 37.0 13.7 66.3 59.0 64.3 53.6 46.5 30.9 27.6 27.6 35.4 33.6 (51.5) 20.0 12.4 11.2 30.4 9.5 17.6 15.9 18.5 12.7 12.4 11.2 9.6 55.9 4.2 (1.1) (3.4)
Depreciation & Amortization 1.6 (33.7) 12.3 15.9 8.3 10.7 8.8 0 2.8 7.4 (7.7) 5.1 4.3 4.8 6.6 0 0 4.6 0 0 3.0 0 0 2.1 0 1.5 1.6 1.5 8.0 15.5 1.3 1.2 1.5 14.5 1.1 1.2 2.5 0.8 0.2 0.2 0.2
Stock-Based Compensation 1.6 4.2 1.6 0 0 0 0 1.9 0 1.4 2.3 2.1 1.9 1.3 2.0 2.1 2.0 1.7 2.9 0.8 0 0 0 0 0 0 0.1 0.3 0.7 0.4 0.2 0.1 0.2 0.6 0.1 0.1 0.4 0 0 0 0
Change in Working Capital 36.6 (87.7) (24.6) (28.7) 7.8 (60.6) 15.7 (21.6) (68.3) (10.5) (13.8) 11.9 (70.9) 4.5 (10.4) (15.5) (6.9) 16.0 (45.5) 44.9 24.3 23.2 (34.7) 79.7 5.9 (12.3) 9.6 (8.6) (3.9) (25.4) 6.3 24.0 (17.5) 7.1 96.5 13.6 (96.9) (33.7) 4.1 6.5 (2.5)
Other Non-Cash Items 750.5 254.4 464.1 4.2 (74.4) 324.6 (13.1) 52.2 155.4 (34.2) 12.6 (229.2) 31.2 197.5 5.1 18.8 (44.6) (25.2) (105.4) (5.4) (113.2) 18.4 (49.0) (37.9) (54.4) (25.1) (28.9) (61.7) (12.2) 28.2 53.2 (29.9) 66.1 106.1 (88.4) 178.9 132.7 15.4 (32.0) (6.3) 6.3
Operating Cash Flow 590.2 (90.1) 434.7 (61.3) 19.4 (26.5) (0.4) 1.1 11.9 1.0 43.5 38.1 (0.9) 217.0 63.0 64.4 14.7 46.1 (101.5) 71.1 (58.3) 69.2 (48.3) 77.5 (100.0) (15.9) (6.9) (59.1) 1.1 5.1 77.0 10 48.2 104.3 20.4 203.6 24.2 38.3 (23.5) (0.7) 0.6
Investing Activities
Capital Expenditure 0 0 0 0 0 0 0 0 0 1.5 0 (1.5) 0 0 0 0 0 (11.5) 0 0 0 0 0 0 0 0 0 0 0 1.9 (0.2) (1.6) (0.2) 0 0 0 0 0 0 0 0
Acquisitions 0 (16.0) 0 0 32.0 (0.2) (12.1) (32.1) 0 0 0 38.7 0 0.2 (0.0) 0 123.6 11.5 (61.5) 0 49.9 0 0 0 0 (5.0) 0 0 10.8 7.5 0.7 8.6 4.1 0 0 0 0 34.9 0 0 0
Purchases of Investments (6.5) 14.5 0 (3.0) (11.5) (15.7) (15.7) (2.2) (0.6) (0.0) (15.8) (9.5) (0.1) (4.4) (37.1) (77.7) (9.1) (37.1) (7.0) (11.0) (4.7) (7.4) (14.6) (0.1) (1.6) (11.9) (7.8) (7.0) 0 1,123.7 (358.5) (493.8) (271.4) 386.4 (112.1) 0 (645.1) 6.8 0.2 (12.8) (11.5)
Sales/Maturities of Investments 3.7 (10.5) 0 2.5 8.8 15.7 28.7 0 2.0 8.1 14.9 1.5 38.4 19.1 131.6 58.3 5.2 18.6 151.2 428.2 1,427.2 963.4 (1.6) 4.6 8.6 16.8 180.9 208.3 193.1 140.8 169.5 363.6 125.2 123.9 307.0 3.7 1.8 275.9 3.6 4.1 20.3
Other Investing Activities 671.7 451.4 493.4 443.3 367.1 592.8 593.7 354.4 315.0 419.7 257.5 256.5 9.6 12.1 (3.8) (531.8) (1,242.6) (247.4) (204.6) (1,537.4) (1,674.9) (1,007.7) 145.9 73.1 (151.4) (264.0) (418.8) (712.5) (374.4) (1,387.1) (0.8) (8.6) (4.2) (611.5) (251.2) (103.8) 658.6 (288.4) 5.4 369.6 11.7
Investing Cash Flow 668.9 439.4 493.4 442.8 396.4 592.6 594.5 320.2 316.4 429.2 256.6 285.7 47.9 27.1 90.7 (551.2) (1,123.0) (265.8) (121.9) (1,120.2) (202.5) (51.8) 129.7 77.6 (144.5) (264.1) (245.6) (504.2) (170.4) (113.3) (189.3) (131.7) (146.4) (101.1) (56.2) (100.2) 15.3 (5.7) 9.1 360.9 20.4
Financing Activities
Net Debt Issuance (1,260.0) 1,572.9 (914.9) (425.1) (232.9) (460.0) (611.2) (202.8) (273.4) (411.9) (295.1) (86.6) (64.4) (173.3) (20.6) 503.8 1,019.6 282.9 354.1 863.1 468.0 (19.8) (182.2) (25.5) 350.0 229.8 276.9 565.4 217.4 139.0 71.9 171.8 133.1 3.6 48.8 (67.3) (47.5) (158.5) 14.3 (29.7) (73.7)
Stock Repurchased 0 (1.9) (10.6) (37.7) (17.4) (43.1) 0 (20.1) (19.1) (0.9) (0.0) (18.1) 0 (33.1) (3.8) 0 0 109.4 0 0 (1.0) (1.3) (9.2) 0 0 0 0 0 (10,916.4) (0.1) 0 (0.1) 0 0 (0.0) 0 0 (76.7) 0 0 0
Dividends Paid (3.6) (22.6) (22.8) (23.8) (44.0) (44.6) (54.3) (52.7) (54.4) (64.8) (26.4) (76.8) (47.2) (51.1) (51.2) (51.2) (34.3) (33.6) (34.0) (9.7) (34.7) (16.9) (14.5) (4.1) (21.3) (18.3) (18.3) (13.4) (13.3) (13.3) (13.3) (12.3) (12.3) (12.3) (12.3) (12.2) (11.5) (36.2) (3.6) (3.6) (3.6)
Other Financing Activities (3.4) (1,842.6) (7.8) 54.4 (60.7) (60.3) 20.5 (2.2) (12.8) 48.5 (55.7) (0.2) 14.2 (4.2) (3.7) (21.1) (23.7) (20.0) (10.6) (15.7) 0 (2.7) (1.1) (0.1) (1.6) (0.1) (3.0) (7.6) (8.8) (4.9) (0.7) (17.5) 3.1 (1.6) (10.7) 0.0 0 15.9 0 (45.9) (30.1)
Financing Cash Flow (1,267.5) (294.3) (956.1) (432.3) (355.0) (607.9) (645.0) (277.9) (359.7) (429.0) (377.1) (181.6) (97.3) (266.3) (79.4) 431.8 1,085.0 258.2 236.2 949.0 432.3 (40.7) (207.0) (29.7) 340.5 302.9 255.6 544.4 195.3 120.6 58.1 141.9 123.9 (10.3) 42.5 (79.5) (59.0) (178.8) 10.8 (238.3) 24.8
Cash Position
Net Change in Cash (8.3) 55.6 (28.0) (25.8) 71.2 (38.3) (43.6) 43.5 22.3 (49.9) (77.0) 142.2 (50.3) (22.3) 74.2 (55.0) (23.2) 38.5 12.8 (100.0) 184.7 (23.3) (125.6) 133.1 96.0 21.6 3.1 (18.8) 25.9 28.3 (54.2) 20.2 25.6 (7.2) 6.7 23.9 (19.6) (125.4) (3.6) 121.9 45.8
Cash at Beginning 249.5 194.5 222.5 245.5 174.4 212.6 256.3 235.5 168.6 312.0 388.9 246.7 297.0 319.3 245.1 300.1 323.3 284.8 272.0 372.0 186.7 223.7 349.4 215.4 128.0 98.0 102.0 120.9 95.0 66.7 120.9 100.7 75.1 70.6 63.9 40 59.6 185.0 188.5 66.6 20.8
Cash at End 241.2 249.5 194.5 219.7 245.5 174.4 212.6 279.0 190.9 262.5 312.0 388.9 246.7 297.0 319.3 245.1 300.1 323.3 284.8 272.0 371.4 200.5 223.7 348.6 224.0 119.7 105.1 102.0 120.9 95.0 66.7 120.9 100.7 63.4 70.6 63.9 40 59.6 185.0 188.5 66.6
Free Cash Flow 590.2 (90.1) 434.7 (61.3) 19.4 (26.5) (0.4) 1.1 11.9 (25.2) 43.5 36.7 (0.9) 217.0 63.0 64.4 14.7 34.6 (101.5) 71.1 (58.3) 69.2 (48.3) 77.5 (100.0) (15.9) (6.9) (59.1) 1.1 7.0 76.8 8.4 48.0 104.3 20.4 203.6 24.2 38.3 (23.5) (0.7) 0.6
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 2012 Q2 2012 Q1
Income Statement
Revenue 45.1 123.8 18.6 (12.0) (74.1) 58.2 61.7 (25.3) (67.3) 60.2 101.9 96.0 79.9 95.4 139.0 108.1 132.5 121.4 131.8 113.3 106.3 69.7 114.9 129.9 23.0 63.9 37.1 34.1 22.2 26.8 43.4 43.7 45.1 40.9 38.8 37.1 42.9 47.3 22.0 21.2 17.5 10.6 11.8 19.7 15.9 9.3 3.7 28.5 6.2 11.2 6.8 (5.9) 4.1 4.8 8.6 4.0 6.9
Gross Profit (3.9) (137.1) 8.8 (23.1) (74.1) 58.2 61.7 (25.3) (67.3) 60.2 101.9 96.0 79.9 95.4 139.0 108.1 132.5 121.4 131.8 113.3 106.3 36.0 114.9 129.9 (2.7) 63.9 14.9 16.0 9.4 18.5 30.8 33.2 44.9 19.4 18.5 19.7 25.3 (6.3) 18.9 17.1 12.7 6.0 7.1 15.0 11.1 4.8 (4.4) 24.1 2.3 8.2 4.5 (7.0) 3.6 4.5 8.2 3.6 6.6
Operating Income (120.9) (264.2) (30.8) (64.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26.9 0 0 (58.4) 0 9.5 8.0 37.6 38.5 31.9 29.9 28.5 (15.9) (15.1) (11.4) (16.4) 40.1 (14.9) (15.0) (10.5) (7.9) (7.9) (8.9) (7.2) (2.4) 1.1 3.2 1.5 3.0 3.0 3.0 0.8 (0.2) 1.3 1.2 1.7
Net Income (201.7) (234.2) (18.7) (55.5) 79.5 (316.1) (9.3) (36.0) (74.3) 9.8 45.7 248.9 35.1 11.5 63.2 56.1 63.5 53.2 45.8 30.5 28.3 26.9 34.6 33.9 (50.5) 20.4 12.1 11.0 29.5 9.1 16.9 15.3 17.8 12.1 11.8 10.5 8.9 24.1 4.1 (1.0) (3.0) (1.6) (6.0) 6.1 0.4 0.2 1.1 23.2 2.2 8.1 3.7 (6.8) 1.7 2.3 8.1 3.3 6.2
EPS (Diluted) -1.25 -1.42 -0.13 -0.34 0.46 -1.89 -0.07 -0.22 -0.44 0.04 0.25 1.76 0.25 0.09 0.49 0.45 0.64 0.70 0.64 0.43 0.50 0.49 0.63 0.63 -0.97 0.44 0.27 0.25 0.90 0.29 0.53 0.48 0.56 0.38 0.37 0.34 0.29 0.83 0.16 -0.04 -0.12 -0.05 -0.19 0.16 0.01 0.01 0.04 0.62 0.07 0.24 0.12 -0.22 0.08 0.08 0.29 0.12 0.22
Balance Sheet
Cash & Equivalents 200.4 247.6 147.5 162.9 205.9 143.8 181.3 226.3 166.0 139.2 205.0 227.5 111.2 163.0 208.0 132.1 213.5 229.5 209.8 200.7 308.4 139.0 149.8 257.0 122.3 67.9 52.7 41.9 47.6 54.4 47.8 105.8 86.8 63.4 70.6 63.9 40 59.6 185.0 188.5 66.6
Total Assets 6,314.3 7,769.8 8,332.1 9,308.8 9,976.5 10,141.9 11,253.0 11,774.3 12,043.5 12,441.2 12,799.4 12,383.0 11,537.5 11,621.0 11,858.2 11,937.3 11,476.2 9,534.0 9,264.4 8,976.9 8,017.0 5,372.1 5,317.5 5,460.9 5,270.1 4,977.0 4,123.0 3,840.3 3,279.0 3,036.8 2,900.8 2,813.0 2,641.0 2,523.5 2,503.1 2,446.9 2,527.5 2,605.3 588.6 565.4 802.7
Total Debt 4,622.5 5,863.0 3,777.2 4,011.1 5,134.4 6,035.2 6,327.8 6,697.1 6,979.2 7,244.1 9,702 9,293.4 9,202.9 9,189.6 9,712.7 6,426.3 5,660.7 6,974.2 4,147.4 5,002.4 5,288.2 4,120.8 4,099.0 4,271.9 4,293.5 3,930.3 3,201.0 2,922.8 1,763.1 2,306.9 1,547.6 2,080.2 1,909.4 1,775.7 1,450.0 1,192.8 1,142.7 1,217.5 198.1 193.6 455.7
Stockholders' Equity 1,347.9 1,552.4 1,774.7 1,827.1 1,941.5 1,838.0 2,233.4 2,292.9 2,402.8 2,548.3 2,600.5 2,603.1 1,780.1 1,799.4 1,875.3 1,867.8 1,859.8 1,276.1 1,210.2 1,269.5 1,159.7 815.4 805.3 794.6 757.9 825.4 719.7 728.0 741.1 544.8 549.6 545.3 542.0 536.1 535.7 533.4 511.0 513.1 165.5 148.8 153.0
Cash Flow
Operating Cash Flow 590.2 (90.1) 434.7 (61.3) 19.4 (26.5) (0.4) 1.1 11.9 1.0 43.5 38.1 (0.9) 217.0 63.0 64.4 14.7 46.1 (101.5) 71.1 (58.3) 69.2 (48.3) 77.5 (100.0) (15.9) (6.9) (59.1) 1.1 5.1 77.0 10 48.2 104.3 20.4 203.6 24.2 38.3 (23.5) (0.7) 0.6
Capital Expenditure 0 0 0 0 0 0 0 0 0 1.5 0 (1.5) 0 0 0 0 0 (11.5) 0 0 0 0 0 0 0 0 0 0 0 1.9 (0.2) (1.6) (0.2) 0 0 0 0 0 0 0 0
Free Cash Flow 590.2 (90.1) 434.7 (61.3) 19.4 (26.5) (0.4) 1.1 11.9 (25.2) 43.5 36.7 (0.9) 217.0 63.0 64.4 14.7 34.6 (101.5) 71.1 (58.3) 69.2 (48.3) 77.5 (100.0) (15.9) (6.9) (59.1) 1.1 7.0 76.8 8.4 48.0 104.3 20.4 203.6 24.2 38.3 (23.5) (0.7) 0.6