Rexford Industrial Realty, Inc. logo REXR - Rexford Industrial Realty, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 9
HOLD 11
SELL 1
STRONG
SELL
0
| PRICE TARGET: $40.40 DETAILS
HIGH: $45.00
LOW: $38.00
MEDIAN: $40.00
CONSENSUS: $40.40
UPSIDE: 11.66%
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 245.1 240.7 253.2 249.5 252.3 242.9 241.8 237.6 214.1 210.4 205.4 195.8 186.2 178.6 162.7 149.1 140.8 132.7 115.4 104.4 99.8 88.6 83.9 80.0 77.7 74.4 68.1 64.4 60.4 57.0 55.2 51.8 48.5 45.9 43.3 36.8 35.4 34.8 33.3 30.6 27.5 26.2 23.7 22.7 21.3 19.9 18.0 15.0 13.7 12.6 11.8 10.8 9.5 9.6 8.2 8.2 8.2
Cost of Revenue 56.8 212.9 57.9 55.3 55.3 56.0 54.9 51.9 47.5 49.3 48.1 44.3 42.8 42.1 39.6 35.4 33.4 32.1 27.5 24.6 23.6 22.0 20.7 18.9 18.1 18.2 16.2 15.1 13.8 13.6 13.3 12.8 12.0 12.2 11.2 9.5 9.2 9.1 9.0 8.0 7.5 7.1 6.2 5.9 5.8 5.5 4.9 3.9 4.1 3.9 3.3 2.9 2.5 2.4 2.4 2.5 2.3
Gross Profit 188.3 27.8 195.4 194.2 197.0 186.9 187.0 185.7 166.6 161.2 157.3 151.5 143.4 136.5 123.1 113.7 107.3 100.6 87.9 79.8 76.2 66.6 63.2 61.1 59.6 56.2 51.9 49.3 46.6 43.4 41.9 39.0 36.6 33.7 32.1 27.2 26.1 25.6 24.3 22.6 20.0 19.0 17.4 16.8 15.6 14.4 13.2 11.1 9.6 8.8 8.5 7.9 7.0 7.2 5.9 5.7 6.0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 14.9 0 20.0 19.8 19.9 21.9 20.9 19.3 20.0 20.0 18.6 18.3 18.2 19.7 15.0 14.9 14.7 15.0 11.8 10.7 11.5 9.0 9.5 9.0 9.3 8.2 7.4 7.3 7.3 6.3 6.2 6.5 6.2 5.6 5.8 5.1 5.1 4.2 5.1 4.5 3.6 4.0 3.8 3.7 3.5 3.5 3.3 2.8 2.6 2.8 4.4 1.4 1.2 1.3 1.7 1.2 1.0
Other Expenses 72.9 (65.0) 81.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 87.9 (65.0) 101.2 19.8 19.9 21.9 20.9 19.3 20.0 20.0 18.6 18.3 18.2 19.7 15.0 14.9 14.7 15.0 11.8 10.7 11.5 9.0 9.5 9.0 9.3 8.2 7.4 7.3 7.3 6.3 6.2 6.5 6.2 5.6 5.8 5.1 5.1 4.6 5.1 4.5 4.2 4.0 3.8 3.7 3.5 3.5 3.3 2.8 2.6 2.4 4.4 4.9 2.4 3.9 4.8 4.0 4.5
Operating Income
Operating Income 100.5 92.8 94.2 174.5 177.2 164.9 166.1 166.4 146.6 141.2 138.7 133.2 125.2 116.8 108.2 98.8 92.6 85.6 76.1 69.1 64.7 57.7 53.6 52.1 50.2 48.0 44.3 41.9 39.2 36.9 35.6 32.4 30.4 28.3 26.3 22.1 20.7 19.1 20.6 18.2 15.8 15.1 13.7 13.1 12.0 10.3 9.5 7.6 7.0 6.7 4.1 1.6 2.8 2.2 0.7 1.2 1.1
Interest Expense 26.6 27.0 25.5 26.7 27.3 28.2 27.3 28.4 14.7 14.6 15.9 17.2 13.7 13.7 15.0 10.2 9.7 10.4 10.4 9.6 9.8 8.7 7.3 7.4 7.4 7.4 6.8 6.3 6.5 6.7 6.5 6.5 5.9 5.6 6.3 4.3 4.0 4.1 3.8 3.7 3.3 2.7 2.2 1.7 1.8 1.7 2.0 1.5 1.3 1.0 1.9 4.5 3.9 4.5 4.4 4.3 4.2
Interest Income 2.9 4.7 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.4 3.7 3.4 0 0 0
Profitability
EBITDA 194.1 36.0 193.7 168.6 165.7 158.8 158.9 158.8 137.6 132.7 130.9 126.9 116.5 103.0 100.7 92.5 87.5 79.2 72.9 65.7 62.0 54.8 50.9 49.4 47.8 45.8 42.3 40.0 37.4 35.3 33.9 30.8 29.3 27.2 25.4 21.9 20.5 19.0 20.5 18.2 15.8 15.2 13.8 13.2 12.1 10.4 9.6 7.7 7.1 6.8 4.2 5.3 5.5 5.0 4.9 4.4 5.8
EBIT 121.2 (40.8) 112.5 103.2 88.2 93.1 96.3 98.2 78.9 75.0 77.7 74.3 65.4 59.4 56.6 52.0 50.1 44.1 37.4 32.9 29.6 27.0 24.8 23.7 22.7 21.2 18.8 17.4 17.2 16.2 15.4 12.7 11.0 9.5 8.3 7.6 7.1 4.9 7.2 5.6 4.6 4.3 3.1 2.6 2.1 1.8 1.4 1.6 0.9 1.1 0.2 1.6 2.8 2.2 1.8 2.0 2.1
Income Before Tax 94.6 (67.7) 93.1 120.4 74.0 64.9 70.7 86.0 64.3 67.3 61.8 56.9 63.6 45.7 41.6 40.9 48.9 39.4 40.2 26.0 30.6 18.2 31.2 16.3 15.3 24.4 12.9 16.0 10.7 15.2 9.0 7.8 15.1 14.1 2.0 19.9 5.7 8.5 3.1 12.8 1.5 1.1 0.6 0.2 0.1 0.1 (0.7) 0.1 (0.7) (1.2) (5.7) (2.8) (0.2) (1.9) (2.6) (2.3) (2.1)
Income Tax Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.6 3.7 2.3
Net Income 91.2 (65.4) 89.9 116.3 71.2 62.2 67.8 82.5 61.4 64.4 59.0 54.2 60.5 43.3 39.3 38.6 46.4 37.2 38.0 24.3 28.7 17.0 29.7 15.2 14.6 23.6 12.4 15.4 10.5 14.9 8.8 7.7 14.8 13.8 2.0 19.3 5.6 8.3 3.0 12.4 1.4 1.0 0.6 0.2 0.1 0.1 (0.6) 0.1 1.3 (0.9) (2.1) (2.6) (1.3) (1.0) (1.7) (1.5) (0.2)
Per Share Data
EPS (Basic) 0.38 -0.30 0.35 0.48 0.30 0.27 0.30 0.37 0.27 0.29 0.27 0.26 0.30 0.22 0.21 0.22 0.27 0.23 0.23 0.15 0.19 0.11 0.21 0.10 0.09 0.18 0.09 0.12 0.08 0.13 0.07 0.06 0.16 0.15 0.01 0.26 0.06 0.11 0.03 0.19 0.02 0.02 0.01 0.00 0.00 0.00 -0.02 0.00 -0.03 -0.04 0.00 -0.11 -0.05 -0.07 -0.06 -0.01
EPS (Diluted) 0.38 -0.30 0.35 0.48 0.30 0.26 0.30 0.37 0.27 0.29 0.27 0.26 0.30 0.22 0.21 0.22 0.27 0.23 0.23 0.15 0.19 0.11 0.21 0.10 0.09 0.18 0.09 0.12 0.08 0.13 0.07 0.06 0.15 0.15 0.01 0.26 0.06 0.10 0.03 0.19 0.02 0.02 0.01 0.00 0.00 0.00 -0.02 0.00 -0.03 -0.04 0.00 -0.11 -0.05 -0.07 -0.06 -0.01
Shares Outstanding 228.3 231.8 234.6 236.1 227.4 222.5 218.8 217.4 214.4 210.1 205.3 200.6 195.4 184.2 171.9 164.9 160.6 152.3 138.8 134.3 131.6 126.0 123.5 119.8 114.1 111.6 109.6 105.8 98.3 94.0 91.5 82.9 78.7 77.8 72.6 67.9 66.3 65.8 65.7 64.1 55.3 55.2 55.1 55.0 50.7 50.7 33.5 25.4 25.4 25.2 24.6 24.6 24.5 25.2 25.2 25.2 25.2
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 51.7 165.8 314.4 431.1 504.6 56.0 61.8 125.7 337.0 33.4 83.3 136.3 253.6 36.8 37.1 34.3 48.8 44.0 60.2 64.2 123.9 176.3 243.6 254.4 112.4 78.9 197.5 172.2 276.6 180.6 183.9 162.7 15.6 6.6 12.9 13.1 11.7 15.5 55.3 29.2 6.4
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 12.0 314.1 320.8 310.0 307.9 300.7 292.1 280.9 271.5 263.6 133.9 117.3 108.8 103.4 94.5 85.4 79.0 72.5 65.6 58.2 52.8 51.1 46.3 42.3 37.2 35.6 31.9 29.1 28.8 27.2 25.8 23.4 21.1 19.5 18.0 16.3 21.8 20.6 19.4 12.6 11.6
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 (81.2) 136.4 68.5 0 0 0 0 0 0 0 16.2 0 0 0 0 7.2 0.1 0.0 0.0 10.1 42.4 0.1 0.0 0 4.6 11.1 0 0 0 0 12.5 12.7 0 0 6.5 0 0 18.0 0
Total Current Assets 63.7 479.9 554.0 877.5 880.9 356.7 353.9 407.9 616.4 299.2 217.2 262.3 382.3 141.8 139.8 138.2 146.1 132.2 135.4 136.9 186.9 241.5 335.9 360.4 155.6 128.9 242.4 217.0 316.3 208.7 211.0 187.7 53.8 41.3 32.0 31.6 40.5 36.1 75.0 60.2 18.4
Non-Current Assets
Property, Plant & Equipment 11,697.1 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 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
Intangible Assets 135.2 140.6 154.9 174.2 187.6 206.6 210.7 225.2 228.9 158.8 159.2 153.1 166.5 175.1 181.1 169.9 158.8 137.3 130.9 94.7 92.7 97.3 72.5 76.7 81.3 78.2 72.3 66.8 61.3 60.8 58.6 62.2 51.0 54.4 54.3 46.2 38.2 41.5 43.3 43.1 34.1
Long-Term Investments 123.8 11,852.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.2 4.1
Other Non-Current Assets 328.9 (11,852.9) 12,142.1 12,027.9 12,017.3 12,084.9 11,855.7 11,735.2 11,535.8 10,471.8 10,201.1 9,810.0 9,690.3 8,942.4 8,577.8 7,570.8 6,959.2 6,511.7 5,957.5 5,034.1 4,790.3 4,612.3 3,761.8 3,718.0 3,635.6 3,431.4 3,187.7 2,981.6 2,659.6 2,518.1 2,399.2 2,362.5 2,061.1 2,015.7 1,916.7 1,627.4 1,451.2 1,437.4 1,385.8 1,305.1 1,119.5
Total Non-Current Assets 12,285.0 140.6 12,297.0 12,202.1 12,204.9 12,291.5 12,066.4 11,960.3 11,764.7 10,630.7 10,360.3 9,963.2 9,856.8 9,117.5 8,758.9 7,740.7 7,118.0 6,649.0 6,088.4 5,128.8 4,883.0 4,709.6 3,834.3 3,794.6 3,716.9 3,509.7 3,260.0 3,048.4 2,720.8 2,579.0 2,457.8 2,424.7 2,112.1 2,070.1 1,971.0 1,673.6 1,489.4 1,478.9 1,429.2 1,352.4 1,157.7
Total Assets 12,397.4 12,612.7 12,851.0 13,079.6 13,085.9 12,648.2 12,420.3 12,368.2 12,381.1 10,929.8 10,577.5 10,225.5 10,239.1 9,259.3 8,898.7 7,878.9 7,264.1 6,781.2 6,223.8 5,265.7 5,069.9 4,951.2 4,170.2 4,155.0 3,872.4 3,638.6 3,502.4 3,265.3 3,037.1 2,787.7 2,668.8 2,612.4 2,165.9 2,111.4 2,003.0 1,705.3 1,530.0 1,515.0 1,504.2 1,412.5 1,176.1
Current Liabilities
Account Payables 125.0 120.8 153.6 115.7 142.0 149.7 169.1 154.0 148.9 128.8 155.1 109.9 110.3 97.5 113.8 81.7 85.5 65.8 78.0 49.7 41.9 45.4 45.2 33.7 39 31.1 34.7 26.1 33.7 21.1 30.4 19.7 21.4 21.1 22.2 14.3 18.0 13.6 18.4 10.9 14.9
Short-Term Debt 0 69.2 0.6 107.5 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
Deferred Revenue 82.2 0 0 0 178.9 181.3 185.2 192.6 201.8 199.9 114.4 123.8 121.3 92.6 89.7 79.1 76.0 73.2 71.8 51.2 45.6 44.3 38.7 37.3 38.4 37.8 35.4 32.4 31.2 29.8 28.3 26.9 25.5 25.8 24.9 21.9 20.1 18.6 18.9 17.1 14.7
Other Current Liabilities 197.6 (120.8) 41.6 105.6 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0 0 0 0.2 (61.1) (61.1) (63.9) (59.3) (56.0) (55.1) (52.4) (52.7) (52.3) (53.9) (17.7) (17.8) (18.1) (10.8) (8.7) (9.1) (5.7) (4.3) (3.3)
Total Current Liabilities 404.8 69.2 195.7 329.6 426.4 428.8 449.6 441.2 445.0 412.4 350.9 313.0 311.0 252.2 263.4 217.1 215.5 179.4 187.8 135.6 121.3 119.6 111.4 98.6 103.3 90.5 91.3 79.3 84.7 66.8 73.9 61.5 60.3 58.9 58.7 46.9 48.1 41.5 46.5 37.2 37.4
Non-Current Liabilities
Long-Term Debt 3,247.5 3,307.5 3,249.7 3,240.8 3,348.1 3,346.0 3,350.2 3,348.7 3,349.1 2,225.9 2,227.6 2,227.2 2,230.7 1,936.4 1,934.1 1,660.5 1,524.3 1,399.6 1,386.6 1,219.0 1,219.4 1,216.2 906.6 906.7 903.8 857.8 857.7 757.7 757.5 757.4 757.2 757.1 659.4 668.9 664.2 561.5 509.7 500.2 500.4 500.6 444.0
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 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 110.9 186.1 155.2 305.9 136.7 147.5 155.6 163.1 171.7 147.6 155.6 130.5 139.2 147.4 154.9 149.6 136.5 134.5 10.2 (0.0) 2.8 4.9 9.9 11.8 14.6 (0.5) 3.0 2.4 (2.2) (4.2) (6.4) (6.4) (5.5) (6.0) (5.0) (4.1) (3.4) (1.4) 2.0 4.2 2.3
Total Non-Current Liabilities 3,358.4 3,705.5 3,612.9 3,554.9 3,484.7 3,493.4 3,505.8 3,511.8 3,520.8 2,373.5 2,383.2 2,357.7 2,369.9 2,083.8 2,088.9 1,810.1 1,660.8 1,534.1 1,508.3 1,297.4 1,300.4 1,301.0 988.6 990.7 990.4 925.7 924.6 821.4 814.6 812.4 809.5 811.0 677.2 687.2 683.1 573.4 519.7 511.4 512.1 512.5 452.3
Total Liabilities 3,763.7 3,774.7 3,808.6 3,884.6 3,911.1 3,922.2 3,955.4 3,953.0 3,965.8 2,785.9 2,734.2 2,670.7 2,680.8 2,335.9 2,352.4 2,027.2 1,876.3 1,713.5 1,696.1 1,433.0 1,421.7 1,420.6 1,100.0 1,089.3 1,093.8 1,016.2 1,015.9 900.7 899.3 879.3 883.4 872.5 737.5 746.1 741.8 620.3 567.8 552.9 558.6 549.7 489.6
Stockholders' Equity
Common Stock 2.3 2.3 2.3 2.4 2.4 2.3 2.2 2.2 2.2 2.1 2.1 2.0 2.0 1.9 1.8 1.7 1.6 1.6 1.5 1.4 1.3 1.3 1.2 1.2 1.2 1.1 1.1 1.1 1.0 1.0 0.9 0.9 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.6
Retained Earnings (651.7) (642.1) (474.8) (462.3) (474.6) (441.9) (407.7) (381.5) (370.7) (338.8) (320.2) (298.4) (273.8) (255.7) (237.1) (216.6) (199.0) (191.1) (187.5) (182.9) (170.5) (163.4) (148.5) (147.9) (132.8) (118.8) (117.7) (107.1) (99.7) (88.3) (85.4) (76.9) (67.6) (67.1) (67.6) (57.0) (64.7) (59.3) (56.7) (50.7) (54.2)
Accumulated Other Comprehensive Income 2.9 (0.4) (0.5) 1.1 3.6 6.7 1.5 13.8 13.9 7.2 21.1 16.5 3.1 8.2 9.2 (3.0) (3.7) (9.9) (13.2) (12.3) (14.0) (17.7) (20.2) (22.2) (21.9) (7.5) (10.1) (7.1) 1.3 6.3 13.6 12.8 11.0 6.8 3.9 3.2 4.2 3.4 (5.8) (7.3) (4.7)
Total Stockholders' Equity 8,255.0 8,460.6 8,676.1 8,837.1 8,803.1 8,324.1 8,070.6 8,025.7 8,034.2 7,766.9 7,472.1 7,187.3 7,186.8 6,556.9 6,184.4 5,494.6 5,088.5 4,784.6 4,240.0 3,548.2 3,359.5 3,245.1 2,896.0 2,893.7 2,613.0 2,556.2 2,422.1 2,301.9 2,103.9 1,876.1 1,754.6 1,710.5 1,400.7 1,340.0 1,236.8 1,060.9 938.9 939.3 923.3 840.6 664.7
Total Liabilities & Equity 12,397.4 12,612.7 12,851.0 13,079.6 13,085.9 12,648.2 12,420.3 12,368.2 12,381.1 10,929.8 10,577.5 10,225.5 10,239.1 9,259.3 8,898.7 7,878.9 7,264.1 6,781.2 6,223.8 5,265.7 5,069.9 4,951.2 4,170.2 4,155.0 3,872.4 3,638.6 3,502.4 3,265.3 3,037.1 2,787.7 2,668.8 2,612.4 2,165.9 2,111.4 2,003.0 1,705.3 1,530.0 1,515.0 1,504.2 1,412.5 1,176.1
Debt Metrics
Total Debt 3,247.5 3,499.8 3,372.6 3,347.6 3,348.1 3,346.0 3,350.2 3,348.7 3,349.1 2,225.9 2,227.6 2,227.2 2,230.7 1,936.4 1,934.1 1,660.5 1,524.3 1,399.6 1,498.1 1,284.7 1,286.3 1,283.4 1,028.9 1,028.9 1,031.6 976.5 970.0 867.8 862.4 862.8 861.8 864.9 695.0 705.1 700.5 583.1 527.0 518.4 511.9 509.3 450.6
Net Debt 3,195.7 3,334.0 3,058.2 2,916.5 2,843.5 3,290.0 3,288.4 3,223.0 3,012.2 2,192.5 2,144.4 2,090.9 1,977.1 1,899.6 1,896.9 1,626.2 1,475.4 1,355.6 1,437.9 1,220.4 1,162.4 1,107.1 785.3 774.5 919.2 897.7 772.5 695.6 585.8 682.2 677.9 702.2 679.4 698.5 687.6 570.0 515.3 502.9 456.6 480.1 444.2
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 91.2 (66.4) 93.1 120.4 70.7 64.9 74.7 82.1 64.3 67.3 61.8 56.9 63.6 45.7 41.6 40.9 48.9 39.4 40.2 26.0 30.6 18.2 31.2 16.3 15.3 24.4 12.9 16.0 10.7 15.2 9.0 7.8 15.1 14.1 2.0 19.9 5.7 8.5 3.1 12.8 1.5
Depreciation & Amortization 68.3 76.8 75.9 65.4 77.6 65.7 69.2 60.6 58.7 57.7 53.2 52.6 51.1 43.6 44.1 40.5 37.4 35.1 35.5 32.8 32.4 27.8 26.1 25.7 25.1 24.7 23.4 22.6 20.2 19.0 18.5 18.2 18.3 17.7 17.1 14.3 13.5 14.1 13.3 12.7 11.2
Stock-Based Compensation 4.1 0 11.9 10.1 9.7 11.5 9.9 11.1 9.1 9.3 8.2 8.0 8.2 9.7 6.3 6.3 6.1 6.3 4.5 4.5 4.3 2.5 3.1 3.7 3.6 2.8 2.7 2.7 2.6 2.3 2.2 2.7 3.0 1.3 1.3 1.4 1.3 1.0 1.0 1.0 0.9
Change in Working Capital 5.9 (25.0) 12.2 (19.4) 7.3 (18.6) (5.6) (33.0) 7.7 (4.3) (3.8) (26.9) 15.3 (25.9) 13.4 (9.0) 13.9 (19.0) 20.0 8.7 (16.7) (11.2) 31.6 (15.1) 3.9 (6.7) 9.3 (10.5) 4.2 (8.2) 6.7 (6.0) 0.2 (3.2) 7.2 (6.5) 1.8 (4.6) 3.8 (3.8) 1.5
Other Non-Cash Items (28.3) 126.3 (43.4) (48.3) (12.6) (7.3) (21.0) (19.1) (40.1) (7.4) (10.6) (7.5) (18.7) (6.4) (7.5) (7.4) (14.6) (5.4) (10.2) (4.0) (3.4) (1.1) (2.8) (5.9) (1.3) (1.9) (1.7) (0.9) (1.7) (1.1) (1.0) (1.3) (1.7) (1.2) (1.1) (0.7) (0.9) (1.0) (1.3) (0.7) (0.9)
Operating Cash Flow 141.2 111.7 149.6 128.2 152.6 116.3 127.2 101.7 133.8 116.0 108.9 83.2 119.5 66.8 98.0 71.3 91.6 51.5 78.3 65.3 36.4 36.3 75.5 24.7 46.5 31.9 46.1 25.4 36.2 21.8 35.8 19.9 25.2 18.5 26.8 12.2 19.1 12.4 19.7 10.2 14.1
Investing Activities
Capital Expenditure (63.0) (81.9) (89.2) (83.2) (79.1) (88.4) (120.0) (85.1) (79.9) (99.3) (75.2) (47.9) (44.2) (44.8) (35.0) (27.9) (27.3) (30.9) (22.1) (26.4) (23.1) (21.2) (24.3) (17.6) (15.6) (12.6) (12.3) (12.5) (9.7) (16.7) (14.8) (11.6) (14.9) (13.1) (12.3) (10.8) (6.1) (8.2) (8.4) (9.0) (6.3)
Acquisitions 0 0 0 0 0 0 0 0 0 179.5 0 0 718.0 0 0 0 0 0 0 0 0 59.1 0 (58.1) (1.0) 4.2 0 6.3 (10.5) (1.2) 0.3 2.9 (2.0) (1.4) 1.2 (1.8) (0.5) 0.4 0 0 (0.4)
Purchases of Investments 0 0 0 0 0 0 0 (168.9) (1,068.0) (190.3) (310.6) (76.9) (734.3) (355.1) (980.8) (547.5) (445.0) (541.5) (904.1) (253.8) (159.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 122.7 28.2 0 0 0 0 (34.4) 34.4 0 10.8 0 0 16.2 0 0 0 15.3 11.2 17.7 7.8 19.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 51.2 78.9 50.1 (208.5) (18.1) 6.7 (5.8) (304.3) 8.7 (5.1) (721.6) 6.6 10.3 (3.2) (14.7) 1.2 4.9 (4.5) (10.1) (803.3) 12.5 (71.4) (46.5) (248.7) (228.9) (302.7) (145.3) (120.9) (33.8) (266.7) (27.9) (100.4) (291.7) (159.5) (10.6) (41.3) (62.3) (201.4) (24.3)
Investing Cash Flow 59.7 (53.7) (38.0) (4.3) (29.0) (296.8) (172.5) (212.8) (1,153.8) (403.7) (377.1) (129.8) (765.9) (393.4) (1,005.6) (578.6) (471.6) (560.0) (903.6) (276.8) (172.4) (765.4) (11.8) (147.2) (63.1) (257.1) (241.2) (308.9) (165.4) (138.7) (48.3) (275.4) (44.8) (115.0) (302.8) (172.0) (17.1) (49.1) (70.7) (210.4) (31.0)
Financing Activities
Net Debt Issuance (6.9) (0.2) (109.6) (0.2) (0.2) (6.7) (0.9) (2.8) 1,125.9 (2.6) (0.4) (4.4) 296.5 2.1 274.5 136.4 124.4 (0.6) 170.5 (15.3) (0.3) 296.6 (0.2) (0.2) (0.1) (0.0) 100.0 (35.0) (0.0) (0.0) (0.0) 98.8 (9.2) 4.7 102.7 51.7 9.8 (0.3) (0.2) 57.4 26.9
Stock Repurchased (202.2) (100.1) (148.4) (0.1) (1.6) (0.0) (0.1) (0.1) (2.0) (0.0) (0.1) (0.0) (1.7) (0.0) (0.1) (0.0) (2.0) (0.0) (0.0) (0.0) (1.4) (0.0) (0.0) (0.0) (1.2) (0.0) (0.0) (0.0) (0.8) (0.0) (0.0) (0.1) (0.4) (0.9) (0.4) (0.1) (0.3) (0.2) (0.3) (0.1) (0.1)
Dividends Paid (105.8) (117.5) (103.1) (100.1) (2.3) (98.1) (97.4) (97.2) (86.8) (92.2) (78.7) (76.2) (64.3) (68.4) (56.2) (57.2) (42.5) (40.3) (37.7) (37.5) (33.4) (31.2) (31.2) (29.6) (25.3) (25.1) (23.5) (22.5) (18.4) (17.6) (17.4) (15.7) (14.7) (12.9) (12.0) (11.3) (10.6) (11.2) (9.2) (7.8) (7.8)
Other Financing Activities 0 11.2 330.1 (16.9) (98.2) (0.1) 0 0 (3.7) 332.7 (3.8) (6.6) (2.8) 392.6 695.5 413.6 305.7 0.0 (93.6) 14.0 117.5 (3.8) (0.7) (0.0) 76.8 0 83.1 35 0 0 0 (1.3) (0.5) (0.0) (0.2) (0.2) (1.9) 8.7 87.0 (1.3) (1.0)
Financing Cash Flow (314.9) (206.7) (358.4) (117.3) 375.2 174.7 (18.6) (100.1) 1,323.5 237.9 215.2 (86.9) 879.4 326.3 910.4 492.8 384.9 492.3 821.3 151.7 82.5 620.6 (32.1) 264.5 50.3 106.6 209.4 190.3 225.2 113.6 33.7 398.4 32.5 90.4 275.7 154.7 0.8 (3.0) 77.2 223.0 18.0
Cash Position
Net Change in Cash (114.1) (148.6) (246.8) 6.5 498.7 (5.9) (63.9) (211.2) 303.5 (49.8) (53.0) (133.6) 233.1 (0.4) 2.8 (14.5) 4.8 (16.2) (4.0) (59.7) (53.5) (108.5) 31.6 142.0 33.6 (118.7) 14.2 (93.3) 96.0 (3.3) 21.2 142.9 13.0 (6.0) (0.2) (5.1) 2.7 (39.7) 26.1 22.8 1.2
Cash at Beginning 165.8 314.4 561.2 554.7 56.0 61.8 125.7 337.0 33.4 83.3 136.3 269.9 36.8 37.1 34.3 48.8 44.0 60.2 64.2 124.0 177.5 286.0 254.4 112.5 78.9 197.5 183.3 276.6 180.6 183.9 162.7 19.8 6.9 12.9 13.1 18.2 15.5 55.3 29.2 6.4 5.2
Cash at End 51.7 165.8 314.4 561.2 554.7 56.0 61.8 125.7 337.0 33.4 83.3 136.3 269.9 36.8 37.1 34.3 48.8 44.0 60.2 64.2 124.0 177.5 286.0 254.4 112.5 78.9 197.5 183.3 276.6 180.6 183.9 162.7 19.8 6.9 12.9 13.1 18.2 15.5 55.3 29.2 6.4
Free Cash Flow 78.1 29.8 60.5 45.0 73.4 27.9 7.2 16.5 53.9 16.7 33.7 35.3 75.3 21.9 63.0 43.4 64.3 20.6 56.2 38.9 13.2 15.1 51.2 7.0 30.9 19.3 33.8 12.8 26.5 5.2 21.0 8.3 10.3 5.4 14.6 1.4 13.0 4.2 11.3 1.2 7.9
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 245.1 240.7 253.2 249.5 252.3 242.9 241.8 237.6 214.1 210.4 205.4 195.8 186.2 178.6 162.7 149.1 140.8 132.7 115.4 104.4 99.8 88.6 83.9 80.0 77.7 74.4 68.1 64.4 60.4 57.0 55.2 51.8 48.5 45.9 43.3 36.8 35.4 34.8 33.3 30.6 27.5 26.2 23.7 22.7 21.3 19.9 18.0 15.0 13.7 12.6 11.8 10.8 9.5 9.6 8.2 8.2 8.2
Gross Profit 188.3 27.8 195.4 194.2 197.0 186.9 187.0 185.7 166.6 161.2 157.3 151.5 143.4 136.5 123.1 113.7 107.3 100.6 87.9 79.8 76.2 66.6 63.2 61.1 59.6 56.2 51.9 49.3 46.6 43.4 41.9 39.0 36.6 33.7 32.1 27.2 26.1 25.6 24.3 22.6 20.0 19.0 17.4 16.8 15.6 14.4 13.2 11.1 9.6 8.8 8.5 7.9 7.0 7.2 5.9 5.7 6.0
Operating Income 100.5 92.8 94.2 174.5 177.2 164.9 166.1 166.4 146.6 141.2 138.7 133.2 125.2 116.8 108.2 98.8 92.6 85.6 76.1 69.1 64.7 57.7 53.6 52.1 50.2 48.0 44.3 41.9 39.2 36.9 35.6 32.4 30.4 28.3 26.3 22.1 20.7 19.1 20.6 18.2 15.8 15.1 13.7 13.1 12.0 10.3 9.5 7.6 7.0 6.7 4.1 1.6 2.8 2.2 0.7 1.2 1.1
Net Income 91.2 (65.4) 89.9 116.3 71.2 62.2 67.8 82.5 61.4 64.4 59.0 54.2 60.5 43.3 39.3 38.6 46.4 37.2 38.0 24.3 28.7 17.0 29.7 15.2 14.6 23.6 12.4 15.4 10.5 14.9 8.8 7.7 14.8 13.8 2.0 19.3 5.6 8.3 3.0 12.4 1.4 1.0 0.6 0.2 0.1 0.1 (0.6) 0.1 1.3 (0.9) (2.1) (2.6) (1.3) (1.0) (1.7) (1.5) (0.2)
EPS (Diluted) 0.38 -0.30 0.35 0.48 0.30 0.26 0.30 0.37 0.27 0.29 0.27 0.26 0.30 0.22 0.21 0.22 0.27 0.23 0.23 0.15 0.19 0.11 0.21 0.10 0.09 0.18 0.09 0.12 0.08 0.13 0.07 0.06 0.15 0.15 0.01 0.26 0.06 0.10 0.03 0.19 0.02 0.02 0.01 0.00 0.00 0.00 -0.02 0.00 -0.03 -0.04 0.00 -0.11 -0.05 -0.07 -0.06 -0.01
Balance Sheet
Cash & Equivalents 51.7 165.8 314.4 431.1 504.6 56.0 61.8 125.7 337.0 33.4 83.3 136.3 253.6 36.8 37.1 34.3 48.8 44.0 60.2 64.2 123.9 176.3 243.6 254.4 112.4 78.9 197.5 172.2 276.6 180.6 183.9 162.7 15.6 6.6 12.9 13.1 11.7 15.5 55.3 29.2 6.4
Total Assets 12,397.4 12,612.7 12,851.0 13,079.6 13,085.9 12,648.2 12,420.3 12,368.2 12,381.1 10,929.8 10,577.5 10,225.5 10,239.1 9,259.3 8,898.7 7,878.9 7,264.1 6,781.2 6,223.8 5,265.7 5,069.9 4,951.2 4,170.2 4,155.0 3,872.4 3,638.6 3,502.4 3,265.3 3,037.1 2,787.7 2,668.8 2,612.4 2,165.9 2,111.4 2,003.0 1,705.3 1,530.0 1,515.0 1,504.2 1,412.5 1,176.1
Total Debt 3,247.5 3,499.8 3,372.6 3,347.6 3,348.1 3,346.0 3,350.2 3,348.7 3,349.1 2,225.9 2,227.6 2,227.2 2,230.7 1,936.4 1,934.1 1,660.5 1,524.3 1,399.6 1,498.1 1,284.7 1,286.3 1,283.4 1,028.9 1,028.9 1,031.6 976.5 970.0 867.8 862.4 862.8 861.8 864.9 695.0 705.1 700.5 583.1 527.0 518.4 511.9 509.3 450.6
Stockholders' Equity 8,255.0 8,460.6 8,676.1 8,837.1 8,803.1 8,324.1 8,070.6 8,025.7 8,034.2 7,766.9 7,472.1 7,187.3 7,186.8 6,556.9 6,184.4 5,494.6 5,088.5 4,784.6 4,240.0 3,548.2 3,359.5 3,245.1 2,896.0 2,893.7 2,613.0 2,556.2 2,422.1 2,301.9 2,103.9 1,876.1 1,754.6 1,710.5 1,400.7 1,340.0 1,236.8 1,060.9 938.9 939.3 923.3 840.6 664.7
Cash Flow
Operating Cash Flow 141.2 111.7 149.6 128.2 152.6 116.3 127.2 101.7 133.8 116.0 108.9 83.2 119.5 66.8 98.0 71.3 91.6 51.5 78.3 65.3 36.4 36.3 75.5 24.7 46.5 31.9 46.1 25.4 36.2 21.8 35.8 19.9 25.2 18.5 26.8 12.2 19.1 12.4 19.7 10.2 14.1
Capital Expenditure (63.0) (81.9) (89.2) (83.2) (79.1) (88.4) (120.0) (85.1) (79.9) (99.3) (75.2) (47.9) (44.2) (44.8) (35.0) (27.9) (27.3) (30.9) (22.1) (26.4) (23.1) (21.2) (24.3) (17.6) (15.6) (12.6) (12.3) (12.5) (9.7) (16.7) (14.8) (11.6) (14.9) (13.1) (12.3) (10.8) (6.1) (8.2) (8.4) (9.0) (6.3)
Free Cash Flow 78.1 29.8 60.5 45.0 73.4 27.9 7.2 16.5 53.9 16.7 33.7 35.3 75.3 21.9 63.0 43.4 64.3 20.6 56.2 38.9 13.2 15.1 51.2 7.0 30.9 19.3 33.8 12.8 26.5 5.2 21.0 8.3 10.3 5.4 14.6 1.4 13.0 4.2 11.3 1.2 7.9