Sunrun Inc. logo RUN - Sunrun Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 23
HOLD 13
SELL 1
STRONG
SELL
0
| PRICE TARGET: $18.25 DETAILS
HIGH: $23.00
LOW: $12.00
MEDIAN: $18.50
CONSENSUS: $18.25
UPSIDE: 24.83%
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 722.2 1,158.8 724.6 569.3 504.3 518.5 537.2 523.9 458.2 516.6 563.2 590.2 589.8 609.2 631.9 584.6 495.8 435.2 438.8 401.2 334.8 320.4 209.8 181.3 210.7 243.9 215.5 204.6 194.5 240.1 205.0 170.5 144.4 146.4 141.3 137.8 104.1 120.6 112.0 122.5 98.7 99.6 82.6 72.7 49.7 60.1 56.1 51.9 30.4
Cost of Revenue 502.4 749.8 481.3 474.9 405.4 421.0 433.7 428.8 425.7 482.6 518.0 539.2 556.9 554.7 521.3 495.0 451.6 395.2 347.0 328.9 294.4 273.5 153.0 147.2 169.9 182.2 159.4 156.9 147.3 154.4 139.4 122.0 119.2 127.4 118.8 108.1 93.8 105.4 98.0 100.2 95.6 96.9 75.2 61.7 46.7 56.3 49.3 42.7 25.4
Gross Profit 219.8 409.1 243.3 94.4 98.8 97.5 103.5 95.1 32.5 34.0 45.2 51.0 32.9 54.4 110.6 89.5 44.2 40.0 91.8 72.2 40.4 47.0 56.7 34.1 40.9 61.7 56.2 47.7 47.2 85.8 65.6 48.5 25.2 19.0 22.5 29.8 10.3 15.2 14.0 22.3 3.1 2.7 7.4 11.0 3.0 3.8 6.7 9.2 5.0
Operating Expenses
R&D Expenses 10.1 8.8 9.3 8.1 10.0 8.8 8.2 10.2 12.1 7.7 5.0 4.6 4.6 4.1 4.4 6.1 6.3 6.5 5.6 5.2 5.9 5.3 5.2 5.0 4.0 5.1 6.4 6.6 5.5 5.3 4.6 5.1 3.9 4.4 3.9 3.7 3.0 2.9 2.5 2.4 2.5 2.6 2.2 2.5 2.3 2.4 2.0 2.0 1.9
SG&A Expenses 253.2 329.2 230.3 224.0 203.8 222.8 223.1 212.9 203.5 231.1 229.6 252.4 256.1 238.2 241.1 237.4 218.0 240.1 222.8 207.5 211.7 296.7 112.5 111.5 98.3 103.5 108.5 103.1 85.0 86.1 83.5 77.4 77.0 65.0 65.2 58.0 56.3 59.9 61.5 67.3 66.4 64.2 66.9 53.7 45.2 43.2 41.1 37.2 25.2
Other Expenses 0 (26.3) 0 (23.3) 0 3,122.2 0 0 0 (7.3) 1,158 0 0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.4 1.2 1.2 1.5 1.5 (3.1) 0 0 (2.9) 4.5 (0.5) 1.7 (1.3) 0.1 (0.2) (0.5) 0.4 (0.0) (0.0) 0.5 0.1 (0.1) (1.0) (0.3) (0.5) (0.7) (1.4) (0.5)
Operating Expenses 263.3 311.7 239.6 208.8 213.7 3,353.8 231.3 223.1 215.6 231.5 1,392.6 256.9 260.6 243.6 246.8 244.9 225.6 248.0 229.7 214.0 219.0 303.4 118.9 117.6 103.9 110.2 116.5 110.5 91.4 92.4 89.1 83.5 81.9 70.5 70.2 62.8 60.3 63.8 65.0 70.8 70.0 67.9 70.2 57.2 48.1 46.2 43.8 39.9 27.6
Operating Income
Operating Income (43.5) 97.4 3.7 (114.3) (114.9) (3,256.3) (127.8) (128.0) (183.1) (197.5) (1,347.5) (205.9) (227.7) (189.2) (136.2) (155.3) (181.4) (208.0) (137.9) (141.8) (178.5) (256.4) (62.2) (83.5) (63.0) (48.4) (60.3) (62.8) (44.2) (6.7) (23.5) (35.0) (56.7) (51.5) (47.7) (33.0) (50.0) (48.6) (51.0) (48.4) (66.8) (65.2) (62.8) (46.2) (45.1) (42.4) (37.0) (30.6) (22.6)
Interest Expense 263.9 256.4 265.8 252.0 227.4 233.4 215.6 207.2 192.2 181.8 171.3 157.2 142.7 133.3 117.2 103.0 92.3 89.3 89.1 75.0 74.3 78.6 51.4 50.7 49.9 46.7 43.9 42.3 41.3 37.2 34.5 31.9 28.2 20.9 23.2 22.0 20.6 14.7 14.0 13.1 11.5 9.2 8.5 8.4 7.1 7.8 7.4 6.7 5.7
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 163.2 322.9 171.7 93.2 9.6 (3,004.1) (54.8) 88.8 57.3 (212.2) (1,131.0) (38.1) (129.6) (73.1) 80.3 3.7 38.6 (101.7) (43.4) (58.1) (52.2) (162.3) (8.1) (31.6) (11.9) 0.1 (13.9) (18.8) (5.3) 32.3 20.0 2.7 (17.6) (16.1) (13.4) 0.0 (19.2) (17.7) (24.1) (23.5) (44.7) (44.8) (44.4) (46.2) (30.0) (33.2) (24.7) (20.0) (12.5)
EBIT (26.3) 121.8 (9.9) (122.0) (160.3) (3,166.4) (210.4) (63.7) (93.2) (355.2) (1,269.8) (164.9) (252.7) (192.3) (38.3) (103.4) (67.5) (203.8) (142.3) (153.3) (144.2) (249.0) (61.3) (83.6) (63.0) (48.4) (63.5) (64.2) (48.9) (9.6) (19.7) (35.5) (55.0) (52.8) (47.8) (33.5) (49.2) (48.2) (51.1) (48.5) (66.3) (65.1) (62.8) (47.6) (45.4) (47.3) (37.7) (32.0) (23.1)
Income Before Tax (290.3) (134.7) (275.7) (373.9) (387.7) (3,399.8) (426.0) (270.9) (285.4) (537.0) (1,441.1) (322.0) (395.4) (325.6) (155.5) (206.5) (159.7) (293.1) (231.4) (228.3) (218.4) (327.6) (112.7) (134.3) (112.9) (95.1) (107.4) (106.5) (90.3) (46.8) (53.5) (67.3) (83.2) (73.7) (65.4) (49.8) (65.7) (63.0) (65.0) (61.5) (77.8) (74.3) (71.3) (56.1) (52.5) (55.0) (45.1) (38.7) (28.7)
Income Tax Expense 7.1 40.4 2.2 (94.9) (110.5) 0.1 (13.8) (10.9) (2.2) (1.6) 29.8 18.7 (59.6) 2.3 0 3.3 (3.3) 28.3 10.0 (14.9) (14.1) (30.1) (27.3) 0.2 (3.3) (8.1) 5.2 (1.9) (3.4) 2.7 (6.0) 4.4 8.2 (5.5) 14.8 15.5 7.3 22.8 9.9 3.2 0 0.0 0.9 (6.2) 0 0 0 (5.9) (4.1)
Net Income 167.6 103.6 16.6 280.4 50.0 (2,813.7) (83.8) 139.1 (87.8) (350.1) (1,069.5) 55.5 (240.4) 63.0 210.6 (12.4) (87.8) (38.5) 24.1 (41.2) (23.8) (169.3) 37.4 (13.6) (28.0) 12.5 29.0 (1.3) (13.9) (5.9) (2.9) 7.4 28.0 58.9 27.8 25.1 12.7 29.0 16.9 32.6 13.1 (15.0) (2.8) 7.5 (18.0) (26.7) (15.2) (17.2) (11.7)
Per Share Data
EPS (Basic) 0.71 0.45 0.07 1.22 0.22 -12.51 -1.84 0.63 -0.40 -1.60 -4.92 0.26 -1.57 0.30 0.99 -1.01 -0.75 -0.19 0.12 -0.20 -0.12 -0.88 0.30 -0.11 -0.23 0.11 0.25 -0.01 -0.12 -0.05 -0.03 0.07 0.26 0.55 0.26 0.17 0.09 0.28 0.16 0.32 0.13 -0.15 -0.04 0.08 -0.23 -0.34 -0.19 -0.22 -0.15
EPS (Diluted) 0.62 0.38 0.06 1.07 0.20 -12.51 -1.84 0.55 -0.40 -1.60 -4.92 0.25 -1.57 0.29 0.95 -0.99 -0.75 -0.19 0.11 -0.20 -0.12 -0.88 0.28 -0.11 -0.23 0.10 0.23 -0.01 -0.12 -0.05 -0.02 0.06 0.25 0.54 0.26 0.17 0.09 0.28 0.16 0.31 0.13 -0.15 -0.04 0.08 -0.23 -0.34 -0.19 -0.22 -0.15
Shares Outstanding 234.6 232.6 231.0 229.2 226.4 224.9 223.7 222.5 219.9 218.5 217.3 216.0 214.5 213.5 212.7 207.1 208.7 204.2 206.1 204.4 198.2 192.4 125.0 120.3 119.2 118.2 117.7 115.8 113.9 112.3 111.1 109.6 107.4 106.5 105.8 105.1 104.0 103.5 102.7 102.0 101.3 101.3 67.5 97.0 79.3 79.3 79.3 79.3 79.3
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 679.6 1,236.8 1,155.6 618.1 604.9 575.0 533.9 707.6 487.3 678.8 643.8 669.1 628.5 740.5 672.1 522.5 629.2 617.6 717.6 679.6 649.5 520.0 276.1 269.6 286.4 269.6 324.7 299.5 245.6 226.6 242.9 215.7 203.2 202.5 216.1 211.3 203.8 206.4 207.5 207.2 208.3
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 232.5 262.6 248.3 186.5 172.1 170.7 182.5 179.9 169.7 172.0 188.9 215.4 218.7 214.3 218.8 216.8 200.5 146.0 177.8 163.0 125.5 95.1 70.7 60 73.3 77.7 75.4 77.8 67.5 69.1 65.4 123.3 122.1 80.2 84.1 64.0 54.1 64.6 51.0 56.6 56.8
Inventory 490.4 501.3 570.0 491.1 414.4 402.1 342.3 353.1 412.0 459.7 661.8 791.7 887.9 783.9 589.1 547.4 555.9 506.8 444.5 341.4 289.8 283.0 178.0 210.5 257.6 260.6 109.8 89.8 76.2 79.5 96.0 81.3 87.9 94.4 63.3 52.7 59.6 67.3 85.9 88.2 94.7
Other Current Assets 563.5 155.2 96.6 490.1 475.8 574.9 543.7 435.5 601.7 571.7 434.0 406.8 349.2 359.0 283.8 340.5 233.3 232.6 223.4 177.9 163.8 188.1 105.3 84.5 79.7 93.5 48.6 54.2 64.2 77.6 32.0 54.5 40.1 53.1 14.0 15.7 12.0 39.7 11.9 10.0 9.2
Total Current Assets 1,965.9 2,156.0 2,070.5 1,785.8 1,667.2 1,722.6 1,602.5 1,676.2 1,670.6 1,882.3 1,928.5 2,083.1 2,084.3 2,097.6 1,880.0 1,710.4 1,709.3 1,547.7 1,594.7 1,396.7 1,268.7 1,137.7 645.7 638.2 707.8 733.8 567.2 530.1 463.1 461.4 446.0 484.0 459.8 432.7 391.5 356.3 341.1 369.3 369.0 374.4 382.9
Non-Current Assets
Property, Plant & Equipment 17,150.8 16,956.4 16,754.5 16,232.6 15,678.1 15,230.2 14,645.2 14,089.3 13,668.0 13,269.6 12,656.6 12,046.5 11,555.8 11,160.6 10,823.4 10,353.1 9,927.9 9,609.3 9,277.2 8,913.7 8,595.4 8,346.5 5,052.7 4,852.8 4,729.4 4,584.0 4,426.6 4,236.2 4,049.8 3,854.9 3,651.6 3,492.3 3,343.5 3,356.1 3,186.2 2,993.0 2,835.3 2,677.8 2,514.4 2,336.1 2,188.9
Goodwill 0 0 0 0 0 0 3,122.2 3,122.2 3,122.2 3,122.2 3,122.2 4,280.2 4,280.2 4,280.2 4,280.2 4,280.2 4,280.2 4,280.2 4,280.2 4,280.2 4,280.2 4,280.2 95.1 95.1 95.1 95.1 95.1 87.5 87.5 87.5 87.5 87.5 87.5 87.5 87.5 87.5 87.5 87.5 87.5 87.5 87.5
Intangible Assets 0 0 0 0 0 0 0 0 0 0 1.3 5.1 6.2 0 8.9 10.2 11.6 12.9 14.2 15.6 17.1 18.3 15.7 16.9 18.1 19.5 21.1 8.4 9.2 10.1 11.1 12.2 13.2 14.3 15.3 16.4 17.4 18.5 19.6 20.6 21.7
Long-Term Investments 83.6 1,165.2 1,031.8 81.3 81.3 81.3 132.6 132.6 132.6 132.6 801.3 186.2 186.2 186.2 110.9 186.1 186.1 63.8 63.8 63.8 62.9 65.4 65.4 0 0 0 0 0 0 7.0 27.6 24.3 15.9 1.9 0.4 0.3 2.3 1.6 0 0 0
Other Non-Current Assets 3,564.7 2,333.1 2,368.7 3,130.4 2,951.2 2,863.8 2,601.9 2,423.2 2,241.0 2,043.6 2,318.5 2,075.8 1,615.7 1,544.2 1,464.7 1,260.7 1,140.1 969.4 105.0 98.8 97.5 534.9 31.8 402.0 388.1 373.9 362.0 345.1 330.0 335.8 336.9 223.4 197.1 37.2 37.1 35.8 37.6 419.6 365.7 318.2 260.6
Total Non-Current Assets 20,799.2 22,021.6 20,155.0 19,444.3 18,710.6 18,175.2 20,501.9 19,767.2 19,163.7 18,568.0 18,098.6 18,407.6 17,644.1 17,171.2 16,688.0 16,090.2 15,545.8 14,935.5 14,495.0 14,032.2 13,617.3 13,245.2 5,661.1 5,366.8 5,230.7 5,072.5 4,904.8 4,677.3 4,476.6 4,288.4 4,087.2 3,815.4 3,641.4 3,495.2 3,326.2 3,132.8 2,978.0 3,203.5 2,987.2 2,762.4 2,558.7
Total Assets 22,765.1 24,177.6 22,225.5 21,230.1 20,377.9 19,897.9 22,104.3 21,443.4 20,834.3 20,450.2 20,027.1 20,490.6 19,728.3 19,268.8 18,568.1 17,800.6 17,255.1 16,483.3 16,089.7 15,428.8 14,886.0 14,382.9 6,306.8 6,005.0 5,938.5 5,806.3 5,472.0 5,207.4 4,939.7 4,749.8 4,533.2 4,299.4 4,101.2 3,927.9 3,717.8 3,489.1 3,319.0 3,572.8 3,356.2 3,136.8 2,941.6
Current Liabilities
Account Payables 343.2 271.0 336.5 279.8 268.9 354.2 244.2 216.6 286.9 230.7 296.5 328.8 346.0 339.2 275.1 259.2 385.3 288.1 347.1 277.8 212.2 207.4 151.8 99.9 159.8 223.4 169.9 153.2 106.0 131.3 136.1 85.1 99.7 115.2 108.7 75.3 65.5 66.0 88.7 93.7 93.7
Short-Term Debt 291.2 319.3 362.6 278.5 250.4 231.7 236.2 251.0 245.3 547.9 540.5 470.5 194.4 157.8 185.8 188.3 193.1 190.2 403.1 345.6 103.5 195.0 122.8 105.4 71.5 35.3 29.4 274.2 26.9 35.5 27.5 24.6 28.6 35.0 283.5 280.3 30.9 30.0 28.9 6.4 5.6
Deferred Revenue 169.5 171.5 159.6 153.5 142.3 137.3 129.2 128.2 128.9 136.8 137.1 169.7 168.5 192.0 154.4 140.3 121.9 120.0 117.5 122.2 115.0 116.7 87.6 87.0 86.5 85.7 69.3 67.8 63.8 55.3 55.3 53.4 51.8 85.6 82.6 79.0 82.7 78.9 81.9 80.1 80.2
Other Current Liabilities 168.6 413.7 386.7 91.9 130.0 104.7 123.4 89.6 94.8 93.4 266.8 289.8 271.8 101.6 287.9 259.7 225.8 100.4 254.2 227.0 215.3 91.1 157.4 154.0 83.6 38.8 91.0 76.9 74.5 39.7 62.4 77.8 71.6 83.3 0.9 (2.4) (7.8) 28.2 (13.0) 17.0 14.7
Total Current Liabilities 1,359.0 1,302.5 1,420.8 1,268.6 1,262.0 1,334.5 1,091.5 1,007.7 1,273.8 1,488.2 1,423.3 1,421.7 1,150.0 1,155.5 1,082.5 991.0 1,069.9 1,012.1 1,283.6 1,119.1 798.8 901.4 596.2 517.3 474.8 530.1 429.0 637.9 336.8 372.2 383.9 322.5 300.3 335.0 544.1 500.8 238.9 244.8 266.7 256.4 256.1
Non-Current Liabilities
Long-Term Debt 14,504.2 14,475.2 14,310.1 13,754.8 13,310.2 12,669.8 12,215.9 11,711.4 10,902.8 10,124.1 9,697.0 9,133.3 8,732.1 8,241.3 7,799.4 7,414.7 6,946.0 6,312.7 5,733.7 5,264.0 5,170.7 4,601.1 2,362.1 2,318.2 2,366.8 2,219.6 2,015.9 1,689.0 1,797.3 1,713.4 1,537.1 1,473.0 1,355.4 1,273.4 846.3 761.3 933.5 883.9 802.9 748.3 627.2
Deferred Tax Liabilities 198.8 1,730.2 123.5 71.1 97.7 137.9 115.3 111.6 122.2 122.9 137.3 90.6 63.1 133.0 122.9 102.7 99.0 101.8 70.8 62.3 86.1 81.9 11.1 36.8 37.4 66.0 67.8 73.9 84.8 93.6 99.0 103.9 96.5 59.1 69.0 54.4 41.1 415.4 334.1 278.7 222.6
Other Non-Current Liabilities 152.1 46.9 360.7 167.6 121.0 119.8 212.1 151.9 147.2 190.9 138.1 142.8 170.3 140.3 141.4 145.8 150.8 190.1 188.8 230.3 193.2 268.7 199.3 228.0 229.1 141.4 166.9 81.3 52.3 34.0 37.7 39.7 33.3 18.8 10.3 10.7 5.6 5.5 11.4 224.9 225.0
Total Non-Current Liabilities 16,449.6 17,891.1 16,160.1 15,515.3 15,018.4 14,399.2 13,978.4 13,387.1 12,802.1 12,048.1 11,529.5 10,873.8 10,410.6 9,934.3 9,432.3 8,997.0 8,503.9 7,898.5 7,267.6 6,817.6 6,694.5 6,192.2 3,782.0 3,795.6 3,849.4 3,638.2 3,460.8 3,081.9 3,163.2 2,968.5 2,747.9 2,601.6 2,376.2 2,303.0 1,883.6 1,775.1 1,931.6 2,265.9 2,093.3 1,988.3 1,812.2
Total Liabilities 17,808.5 19,193.6 17,580.9 16,783.9 16,280.3 15,733.7 15,069.9 14,394.9 14,076.0 13,536.2 12,952.7 12,295.5 11,560.6 11,089.8 10,514.8 9,988.0 9,573.9 8,910.7 8,551.3 7,936.7 7,493.4 7,093.6 4,378.2 4,312.9 4,324.1 4,168.3 3,889.8 3,719.8 3,500.0 3,340.7 3,131.7 2,924.1 2,676.5 2,638.1 2,427.7 2,275.8 2,170.5 2,510.7 2,360.0 2,244.7 2,068.4
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 (3,662.3) (3,829.9) (3,933.5) (3,950.1) (4,229.9) (4,279.9) (1,466.2) (1,382.4) (1,521.5) (1,433.7) (1,083.6) (14.1) (69.6) 170.8 107.8 (102.8) (90.4) (2.6) 35.9 11.8 53.1 76.8 246.2 208.7 222.3 251.5 244.0 215.0 216.3 229.4 235.3 238.2 230.8 132.0 73.1 45.3 20.2 4.4 (24.6) (41.5) (74.1)
Accumulated Other Comprehensive Income 64.4 63.1 50.2 52.9 61.2 86.8 37.2 94.6 87.5 54.7 119.2 64.7 31.5 67.1 78.5 45.7 (4.6) (73.0) (77.7) (81.4) (56.8) (106.8) (123.0) (127.3) (125.1) (52.8) (72.9) (48.0) (21.9) (3.1) 18.9 16.1 10.8 (4.1) (3.5) (3.1) 0.2 0.4 (5.2) (5.9) (6.2)
Total Stockholders' Equity 3,340.8 3,132.5 2,983.9 2,926.7 2,615.4 2,554.2 5,278.0 5,365.7 5,180.5 5,230.2 5,611.1 6,597.5 6,467.8 6,708.1 6,618.5 6,346.7 6,264.3 6,254.7 6,223.1 6,156.5 6,165.6 6,077.9 1,033.5 888.2 872.5 964.7 926.8 915.5 924.5 948.7 966.8 958.4 934.7 812.0 753.9 721.2 693.3 673.0 630.9 606.9 565.8
Total Liabilities & Equity 22,765.1 24,177.6 22,225.5 21,230.1 20,377.9 19,897.9 22,104.3 21,443.4 20,834.3 20,450.2 20,027.1 20,490.6 19,728.3 19,268.8 18,568.1 17,800.6 17,255.1 16,483.3 16,089.7 15,428.8 14,886.0 14,382.9 6,306.8 6,005.0 5,938.5 5,806.3 5,472.0 5,207.4 4,939.7 4,749.8 4,533.2 4,299.4 4,101.2 3,927.9 3,717.8 3,489.1 3,319.0 3,572.8 3,356.2 3,136.8 2,941.6
Debt Metrics
Total Debt 14,874.3 14,886.1 14,717.0 14,135.3 13,672.6 13,022.5 12,582.7 12,099.4 11,545.0 11,086.9 10,641.7 9,999.9 9,297.4 8,764.8 8,352.7 7,974.8 7,507.0 6,871.3 6,507.4 5,990.0 5,656.0 5,182.0 2,847.3 2,788.4 2,807.2 2,626.7 2,421.4 2,372.1 2,225.9 2,153.9 1,942.3 1,779.4 1,542.5 1,452.4 1,288.7 1,204.0 1,113.1 1,064.8 985.5 927.1 808.4
Net Debt 14,194.7 13,649.3 13,561.4 13,517.2 13,067.7 12,447.5 12,048.9 11,391.9 11,057.7 10,408.1 9,997.9 9,330.8 8,668.9 8,024.2 7,680.6 7,452.3 6,877.8 6,253.6 5,789.9 5,310.5 5,006.5 4,662.0 2,571.2 2,518.8 2,520.7 2,357.1 2,096.7 2,072.6 1,980.3 1,927.3 1,699.3 1,563.7 1,339.4 1,249.9 1,072.6 992.7 909.3 858.4 778.0 719.9 600.1
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 168.1 (175.1) 17.1 (279.0) (277.2) (3,400.0) (83.8) 139.1 (87.8) (350.1) (1,069.5) 56.0 (240.4) (327.9) 210.6 (209.8) (156.5) (321.5) 24.1 (213.4) (204.3) (297.4) (85.4) (134.5) (28.0) 12.5 (112.5) (104.6) (86.9) (49.5) (47.5) (71.7) (91.4) (68.2) (80.2) (65.2) (73.1) (85.8) (75.0) (64.7) (77.8)
Depreciation & Amortization 207.9 184.4 201.6 189.7 169.9 162.3 178.4 171.9 169.5 153.3 138.8 128.8 125.2 119.2 120.7 107.1 106.1 102.1 101.0 95.2 92.0 86.7 53.2 52.0 54.4 51.6 49.6 45.4 43.7 42.3 39.7 37.8 36.2 36.7 34.4 33.6 31.7 30.5 27.0 25.0 21.6
Stock-Based Compensation 0 28.3 0 25.0 25.0 28.9 0 0 0 0 27.7 0 0 21.9 0 26.7 39.2 50.2 0 43.5 78.0 133.0 8.2 10.4 0 0 6.9 6.8 5.8 5.9 5.7 5.5 10.7 5.5 5.1 5.5 5.9 4.7 5.4 4.8 3.8
Change in Working Capital 23.6 (47.4) (149.2) (227.2) (17.9) (154.8) (50.4) (121.2) 7.9 28.2 93.1 (44.5) (248.6) (149.3) (21.2) (97.5) (142.8) (157.5) (119.4) (104.3) (103.9) (58.5) 29.7 31.4 (81.6) (64.3) (4.6) (15.1) 54.3 (26.1) 1.5 (46.7) (13.2) 0.4 15.8 2.7 (8.2) (0.8) 1.5 9.8 (28.9)
Other Non-Cash Items (396.1) 66.3 (190.0) 94.9 106.6 3,105.1 (186.6) (387.4) (230.5) 54.2 746.6 (361.1) (15.9) 29.1 (400.0) (27.7) (99.2) 16.9 (195.7) 23.5 (33.3) 15.2 7.0 5.2 (58.4) (90.1) 6.1 1.4 (2.0) 3.0 (26.0) 5.3 3.7 9.2 4.4 3.6 7.2 5.1 2.3 0.8 3.6
Operating Cash Flow 10.6 96.9 (121.5) (292.7) (104.2) (258.4) (156.2) (208.5) (143.1) (116.0) (63.2) (202.2) (439.3) (304.7) (89.9) (197.9) (256.4) (281.4) (180.1) (170.1) (185.6) (151.2) (14.5) (35.4) (116.9) (98.4) (49.5) (68.0) 11.4 (21.7) (32.6) (65.4) (45.8) (21.8) (5.7) (4.3) (29.1) (23.3) (28.8) (21.0) (77.4)
Investing Activities
Capital Expenditure (424.8) 0.8 (743.6) 723.7 (655.0) (792.4) (764.4) (605.3) (539.0) (656.1) (741.4) (700.3) (510.3) (518.7) (547.1) (518.2) (427.1) (488.2) (440.9) (400) (357.1) (348.3) (257.0) (154.0) (210.5) (225.2) (212.9) (201.0) (201.4) (237.1) (224.5) (185.0) (164.7) (223.2) (228.0) (190.4) (170.8) (199.4) (200.0) (171.0) (169.7)
Acquisitions 305.8 0 510.3 0 0 0 493.1 609.3 166.7 459.9 0 352.8 390.6 0 386.6 0 (75) 0 287.0 0 0 537.2 0 0 170.9 140.4 (2.7) 0 0 0 0 0 0 0 0 0 0 (5) 0 (5) 0
Purchases of Investments (3.7) 0 0 0 0 0 0 0 0 (5) 0 0 0 0 0 0 0 0 0 0 0 (65.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (471.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (409.6) 0 (1,416.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 537.2 (65.4) 0 0 0 (2.7) 0 (223.2) (833.5) 0 0 (180.4) (836.9) 0 0 (203.5) 5 0 (5) (164.6)
Investing Cash Flow (122.7) (408.9) (233.3) (692.8) (655.0) (792.4) (271.3) 4.0 (372.3) (201.3) (741.4) (347.5) (119.7) (518.7) (160.5) (518.2) (502.1) (488.2) (154.0) (400) (357.1) 189.0 (322.3) (154.0) (39.6) (84.8) (215.7) (201.0) (201.4) (237.1) (224.5) (185.0) (164.7) (223.2) (228.0) (190.4) (170.8) (199.4) (200.0) (176.0) (169.7)
Financing Activities
Net Debt Issuance 26.4 (115.4) 531.8 424.3 647.8 410.1 450.8 556.1 384.5 396.3 594.4 672.4 507.8 412.2 383.5 452.6 627.7 393.5 465.5 330.9 459.2 123.4 62.9 (21.0) 176.0 208.1 64.1 145.4 65.6 229.4 145.9 207.5 88.2 184.1 85.8 80.1 35.4 79.6 58.3 120.1 104.9
Stock Repurchased 0 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) 0 0 0 0 0 0 (0.6) 0 0.2 0.6 (1.1) 0 0 0 0
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 (63.3) 500.9 (33.9) 585.9 142.9 577.5 (56.0) (102.4) (74.8) (51.6) 241.2 (57.4) (59.9) 408.1 (45.0) 245.5 143.0 285.3 (52.3) 283.4 188.8 165.6 301.2 198.3 (19.0) (33.5) 220.6 167.5 129.9 (44.4) 66.4 16.6 123.8 47.3 (15.1) (18.7) 162.0 142.1 170.8 75.8 146.6
Financing Cash Flow (35.6) 393.1 498.5 1,018.7 790.7 987.6 395.8 463.6 310.7 353.2 835.6 627.5 449.3 820.3 343.3 716.6 770.7 678.9 417.5 614.3 647.9 288.9 364.1 177.3 159.5 173.0 284.7 312.9 195.5 288.0 261.8 277.5 212.0 231.4 238.5 202.3 197.3 221.7 229.1 196.0 251.5
Cash Position
Net Change in Cash (147.7) 81.2 143.7 33.2 31.5 (63.2) (31.6) 259.1 (204.7) 35.9 30.9 77.9 (109.8) (3.0) 92.9 0.5 12.2 (90.7) 83.5 44.2 105.2 326.7 27.3 (12.0) 3.0 (10.2) 19.5 43.9 5.5 29.3 4.7 27.1 1.5 (13.6) 4.8 7.5 (2.6) (1.1) 0.3 (1.1) 4.4
Cash at Beginning 1,236.8 1,155.8 1,011.9 978.9 947.4 1,010.6 1,042.1 783.0 987.7 951.8 921.1 843.1 952.9 956.1 863.0 862.6 850.4 941.1 857.5 813.4 708.2 381.5 354.2 366.2 363.1 373.3 353.9 309.9 304.4 275.1 270.4 243.3 241.8 216.1 211.3 203.8 206.4 207.5 207.2 208.3 203.9
Cash at End 1,089.1 1,237.0 1,155.6 1,012.1 978.9 947.4 1,010.5 1,042.1 783.0 987.7 951.9 920.9 843.1 953.0 955.9 863.1 862.6 850.4 941.0 857.6 813.4 708.2 381.5 354.2 366.1 363.1 373.4 353.9 309.9 304.4 275.1 270.4 243.3 202.5 216.1 211.3 203.8 206.4 207.5 207.2 208.3
Free Cash Flow (414.2) 97.7 (865.2) 431.1 (759.2) (1,050.8) (920.5) (813.8) (682.1) (772.1) (804.7) (902.4) (949.6) (823.4) (636.9) (716.0) (683.5) (769.6) (621.0) (570.1) (542.7) (499.5) (271.5) (189.3) (327.4) (323.6) (262.4) (269.0) (190.0) (258.8) (257.1) (250.4) (210.5) (245.0) (233.7) (194.8) (199.9) (222.8) (228.8) (192.0) (247.0)
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 722.2 1,158.8 724.6 569.3 504.3 518.5 537.2 523.9 458.2 516.6 563.2 590.2 589.8 609.2 631.9 584.6 495.8 435.2 438.8 401.2 334.8 320.4 209.8 181.3 210.7 243.9 215.5 204.6 194.5 240.1 205.0 170.5 144.4 146.4 141.3 137.8 104.1 120.6 112.0 122.5 98.7 99.6 82.6 72.7 49.7 60.1 56.1 51.9 30.4
Gross Profit 219.8 409.1 243.3 94.4 98.8 97.5 103.5 95.1 32.5 34.0 45.2 51.0 32.9 54.4 110.6 89.5 44.2 40.0 91.8 72.2 40.4 47.0 56.7 34.1 40.9 61.7 56.2 47.7 47.2 85.8 65.6 48.5 25.2 19.0 22.5 29.8 10.3 15.2 14.0 22.3 3.1 2.7 7.4 11.0 3.0 3.8 6.7 9.2 5.0
Operating Income (43.5) 97.4 3.7 (114.3) (114.9) (3,256.3) (127.8) (128.0) (183.1) (197.5) (1,347.5) (205.9) (227.7) (189.2) (136.2) (155.3) (181.4) (208.0) (137.9) (141.8) (178.5) (256.4) (62.2) (83.5) (63.0) (48.4) (60.3) (62.8) (44.2) (6.7) (23.5) (35.0) (56.7) (51.5) (47.7) (33.0) (50.0) (48.6) (51.0) (48.4) (66.8) (65.2) (62.8) (46.2) (45.1) (42.4) (37.0) (30.6) (22.6)
Net Income 167.6 103.6 16.6 280.4 50.0 (2,813.7) (83.8) 139.1 (87.8) (350.1) (1,069.5) 55.5 (240.4) 63.0 210.6 (12.4) (87.8) (38.5) 24.1 (41.2) (23.8) (169.3) 37.4 (13.6) (28.0) 12.5 29.0 (1.3) (13.9) (5.9) (2.9) 7.4 28.0 58.9 27.8 25.1 12.7 29.0 16.9 32.6 13.1 (15.0) (2.8) 7.5 (18.0) (26.7) (15.2) (17.2) (11.7)
EPS (Diluted) 0.62 0.38 0.06 1.07 0.20 -12.51 -1.84 0.55 -0.40 -1.60 -4.92 0.25 -1.57 0.29 0.95 -0.99 -0.75 -0.19 0.11 -0.20 -0.12 -0.88 0.28 -0.11 -0.23 0.10 0.23 -0.01 -0.12 -0.05 -0.02 0.06 0.25 0.54 0.26 0.17 0.09 0.28 0.16 0.31 0.13 -0.15 -0.04 0.08 -0.23 -0.34 -0.19 -0.22 -0.15
Balance Sheet
Cash & Equivalents 679.6 1,236.8 1,155.6 618.1 604.9 575.0 533.9 707.6 487.3 678.8 643.8 669.1 628.5 740.5 672.1 522.5 629.2 617.6 717.6 679.6 649.5 520.0 276.1 269.6 286.4 269.6 324.7 299.5 245.6 226.6 242.9 215.7 203.2 202.5 216.1 211.3 203.8 206.4 207.5 207.2 208.3
Total Assets 22,765.1 24,177.6 22,225.5 21,230.1 20,377.9 19,897.9 22,104.3 21,443.4 20,834.3 20,450.2 20,027.1 20,490.6 19,728.3 19,268.8 18,568.1 17,800.6 17,255.1 16,483.3 16,089.7 15,428.8 14,886.0 14,382.9 6,306.8 6,005.0 5,938.5 5,806.3 5,472.0 5,207.4 4,939.7 4,749.8 4,533.2 4,299.4 4,101.2 3,927.9 3,717.8 3,489.1 3,319.0 3,572.8 3,356.2 3,136.8 2,941.6
Total Debt 14,874.3 14,886.1 14,717.0 14,135.3 13,672.6 13,022.5 12,582.7 12,099.4 11,545.0 11,086.9 10,641.7 9,999.9 9,297.4 8,764.8 8,352.7 7,974.8 7,507.0 6,871.3 6,507.4 5,990.0 5,656.0 5,182.0 2,847.3 2,788.4 2,807.2 2,626.7 2,421.4 2,372.1 2,225.9 2,153.9 1,942.3 1,779.4 1,542.5 1,452.4 1,288.7 1,204.0 1,113.1 1,064.8 985.5 927.1 808.4
Stockholders' Equity 3,340.8 3,132.5 2,983.9 2,926.7 2,615.4 2,554.2 5,278.0 5,365.7 5,180.5 5,230.2 5,611.1 6,597.5 6,467.8 6,708.1 6,618.5 6,346.7 6,264.3 6,254.7 6,223.1 6,156.5 6,165.6 6,077.9 1,033.5 888.2 872.5 964.7 926.8 915.5 924.5 948.7 966.8 958.4 934.7 812.0 753.9 721.2 693.3 673.0 630.9 606.9 565.8
Cash Flow
Operating Cash Flow 10.6 96.9 (121.5) (292.7) (104.2) (258.4) (156.2) (208.5) (143.1) (116.0) (63.2) (202.2) (439.3) (304.7) (89.9) (197.9) (256.4) (281.4) (180.1) (170.1) (185.6) (151.2) (14.5) (35.4) (116.9) (98.4) (49.5) (68.0) 11.4 (21.7) (32.6) (65.4) (45.8) (21.8) (5.7) (4.3) (29.1) (23.3) (28.8) (21.0) (77.4)
Capital Expenditure (424.8) 0.8 (743.6) 723.7 (655.0) (792.4) (764.4) (605.3) (539.0) (656.1) (741.4) (700.3) (510.3) (518.7) (547.1) (518.2) (427.1) (488.2) (440.9) (400) (357.1) (348.3) (257.0) (154.0) (210.5) (225.2) (212.9) (201.0) (201.4) (237.1) (224.5) (185.0) (164.7) (223.2) (228.0) (190.4) (170.8) (199.4) (200.0) (171.0) (169.7)
Free Cash Flow (414.2) 97.7 (865.2) 431.1 (759.2) (1,050.8) (920.5) (813.8) (682.1) (772.1) (804.7) (902.4) (949.6) (823.4) (636.9) (716.0) (683.5) (769.6) (621.0) (570.1) (542.7) (499.5) (271.5) (189.3) (327.4) (323.6) (262.4) (269.0) (190.0) (258.8) (257.1) (250.4) (210.5) (245.0) (233.7) (194.8) (199.9) (222.8) (228.8) (192.0) (247.0)