ServisFirst Bancshares, Inc. logo SFBS - ServisFirst Bancshares, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 3
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $90.00 DETAILS
HIGH: $91.00
LOW: $89.00
MEDIAN: $90.00
CONSENSUS: $90.00
UPSIDE: 16.26%
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 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1
Revenue
Revenue 252.3 267.1 254.1 247.1 249.4 248.6 256.5 236.4 235.6 221.6 221.3 198.2 187.6 165.0 158.2 136.1 121.1 104.0 112.3 112.3 108.9 104.1 104.3 102.1 103.4 98.6 107.3 103.6 98.6 88.2 89.1 83.3 78.4 72.2 72.4 68.3 64.1 55.5 59.5 55.9 53.4 45.0 50.3 47.6 43.9 37.4 39.9 38.4 36.5 34.2 34.8 33.3 32.0 28.8 30.1 29.1 27.8 27.1 25.1 23.9 22.2 21.3 21.3 20 19.6 (5.9) 16.1 15.0 28.3 14.4 13.9 13.3 2.2
Cost of Revenue 104.0 112.8 127.3 126.2 124.2 126.4 138.5 127.0 128.8 131.0 117.8 95.1 77.2 55.0 38.5 19.7 12.8 16.3 13.9 17.7 15.5 15.3 23.3 22.1 32.7 28.3 35.1 32.6 29.8 27.8 23.8 18.0 15.7 19.7 14.0 12.4 12.5 11.2 10.2 10.0 7.8 8.6 7.7 8.1 6.2 6.5 6.3 5.9 5.7 6.0 6.6 6.5 7.5 6.1 4.9 6.8 6.2 6.5 6.8 5.5 6.2 6.7 6.5 6.2 6.3 14.0 2.6 2.5 15.6 0 0 0 0
Gross Profit 148.3 154.3 126.8 120.8 125.2 122.2 118.0 109.4 106.9 90.6 103.6 103.2 110.4 110.0 119.8 116.4 108.3 87.7 98.4 94.6 93.4 88.8 81.0 80.0 70.7 70.3 72.2 71.0 68.8 60.4 65.3 65.3 62.7 52.5 58.4 56.0 51.6 44.3 49.2 45.9 45.6 36.4 42.5 39.6 37.7 31.0 33.6 32.5 30.7 28.2 28.2 26.7 24.4 22.7 25.2 22.2 21.6 20.6 18.3 18.3 16.0 14.6 14.8 13.8 13.3 (20.1) 13.5 12.5 12.7 14.4 13.9 13.3 2.2
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 30.8 27.6 31.0 25.3 25.7 28.0 27.4 26.4 26.9 34.1 22.4 21.0 20.6 21.7 20.7 21.9 19.4 19.5 19.6 18.3 17.1 17.3 16.1 16.4 17.0 16.0 15.2 15.4 15.3 14.3 13.7 14.3 14.4 13.7 13.2 13.1 12.7 13.2 11.7 11.5 11.8 10.6 11.3 11.1 9.6 7.7 8.4 9.6 8.2 8.0 7.5 7.5 6.1 7.7 6.1 5.6 5.6 6.0 5.1 5.3 5.0 5.7 4.2 3.1 3.5 15.4 14.8 14.0 13.8 6.9 4.5 2.5 0
Other Expenses 16.6 19.1 17.0 18.9 20.4 14.8 18.2 16.4 19.3 9.3 19.2 17.4 19.1 4.2 22.0 17.9 17.8 6.7 14.8 13.0 11.8 5.7 10.5 12.4 10.9 3.0 10.0 10.6 10.0 1.4 8.9 9.2 8.6 2.8 8.3 8.8 8.6 2.0 8.4 8.0 7.5 1.5 7.0 7.1 9.1 1.6 6.9 5.8 5.5 2.5 4.6 4.9 4.6 2.4 5.2 4.3 3.5 4.7 3.7 4.1 3.6 1.8 3.3 4.4 3.8 27.2 (1.9) (2.4) (29.0) 0.1 0 0 27.1
Operating Expenses 47.4 46.7 48.0 44.2 46.1 42.8 45.6 42.8 46.2 43.4 41.7 38.5 39.7 25.9 42.7 39.8 37.2 26.2 34.4 31.3 28.9 23.0 26.6 28.8 27.9 19.0 25.2 26.0 25.3 15.7 22.6 23.5 23.1 16.5 21.5 21.9 21.3 15.3 20.2 19.5 19.3 12.1 18.2 18.1 18.8 9.3 15.3 15.4 13.7 10.4 12.1 12.4 10.8 10.1 11.3 9.9 9.0 10.7 8.8 9.4 8.6 7.5 7.5 7.6 7.3 42.6 13.0 11.6 (15.2) 7.0 4.5 2.5 27.1
Operating Income
Operating Income 101.0 107.6 78.8 76.6 79.1 79.4 72.4 66.6 60.6 47.2 61.9 64.7 70.8 84.1 77.1 76.5 71.1 61.6 64.0 63.3 64.5 65.8 54.4 51.2 42.8 51.3 47.1 45.0 43.5 44.7 42.7 41.9 39.7 36.0 36.9 34.1 30.3 29.0 29.1 26.4 26.3 24.3 24.3 21.4 19.0 21.7 18.3 17.1 17.0 17.8 16.1 14.3 13.7 12.7 14.0 12.4 12.6 10.0 9.5 9.0 7.4 7.1 7.3 6.2 6.1 (5.6) 0.5 0.9 1.1 (717.8) 0.3 0.4 716.1
Interest Expense 93.3 104.9 117.9 114.9 117.5 120.7 132.9 121.7 124.2 127.4 113.5 88.4 73.0 47.9 22.9 10.2 7.5 7.8 7.9 8.1 8.0 9.0 11.0 11.8 19.1 22.4 28.1 27.7 24.9 21.3 17.2 13.9 11.6 10.7 9.2 8.0 7.5 7.1 6.8 6.2 5.8 5.3 4.7 4.0 3.7 3.7 3.5 3.4 3.4 3.6 3.5 3.2 3.3 3.6 3.7 3.7 3.8 4.0 4.1 4.0 4.0 4.0 4.0 3.7 3.6 4.3 4.7 4.5 4.9 46.3 5.0 4.6 (35.4)
Interest Income 241.5 251.4 251.3 246.6 241.1 243.9 248.0 227.5 226.7 229.1 213.2 189.7 181.3 170.3 149.3 126.6 113.2 109.0 104.2 102.7 100.4 101.1 96.1 95.1 96.8 98.2 101.1 97.8 93.7 90.2 84.1 78.4 74.0 72.1 67.6 63.5 59.5 56.2 54.7 52.0 50.0 48.5 46.5 44.2 40.8 38.2 36.9 35.4 34.3 33.7 32.5 30.7 29.2 29.1 27.7 26.7 25.6 25.1 23.3 22.1 21.0 20.7 20.0 19.0 18.5 62.2 1.0 1.3 (2.2) 54.1 0.7 0.7 0
Profitability
EBITDA 101.0 107.6 79.9 77.6 80.3 80.5 73.8 67.7 61.7 48.4 63.0 65.8 71.8 85.1 78.1 77.6 72.2 62.7 65.1 64.4 65.5 66.9 55.4 52.2 43.8 52.3 48.1 46.0 44.5 45.6 43.6 42.8 40.6 36.4 37.7 34.9 31.2 29.6 29.9 27.3 27.1 25.0 24.9 22.2 19.5 22.0 18.8 17.6 17.5 18.3 16.6 14.9 14.0 13.0 14.3 12.7 12.9 10.3 9.7 9.3 7.7 7.4 7.6 6.5 6.3 6.6 7.1 0.9 (4.8) (672.4) 0.3 0.4 684.6
EBIT 101.0 107.6 78.8 76.6 79.1 79.4 72.4 66.6 60.6 47.2 61.9 64.7 70.8 84.1 77.1 76.5 71.1 61.6 64.0 63.3 64.5 65.8 54.4 51.2 42.8 51.3 47.1 45.0 43.5 44.7 42.7 41.9 39.7 36.0 36.9 34.1 30.3 29.0 29.1 26.4 26.3 24.3 24.3 21.4 19.0 21.7 18.3 17.1 17.0 17.8 16.1 14.3 13.7 12.7 14.0 12.4 12.6 10.0 9.5 9.0 7.4 7.1 7.3 6.2 6.1 7.4 6.9 6.8 (12.4) (9.6) (7.6) (5.3) 34.4
Income Before Tax 101.0 107.6 78.8 76.6 79.1 79.4 72.4 66.6 60.6 47.2 61.9 64.7 70.8 84.1 77.1 76.5 71.1 61.6 64.0 63.3 64.5 65.8 54.4 51.2 42.8 51.3 47.1 45.0 43.5 44.7 42.7 41.9 39.7 36.0 36.9 34.1 30.3 29.0 29.1 26.4 26.3 24.3 24.3 21.4 19.0 21.7 18.3 17.1 17.0 17.8 16.1 14.3 13.7 12.7 14.0 12.4 12.6 10.0 9.5 9.0 7.4 7.1 7.3 6.2 6.1 3.1 2.2 2.3 1.1 (718.3) 2.7 2.7 12.3
Income Tax Expense 18.0 21.2 13.3 15.2 15.9 14.2 12.5 14.5 10.6 5.2 8.5 11.2 12.8 16.4 13.0 14.4 13.5 7.8 11.5 13.3 13.0 14.9 11.0 10.7 8.0 10.3 9.5 9.3 8.5 8.4 8.1 8.3 7.1 14.9 11.6 10.0 7.8 7.3 8.2 7.6 6.3 4.6 8.0 7.0 5.9 6.6 4.3 5.5 5.2 6.0 5.3 4.7 4.4 4.1 4.7 4.0 4.3 3.4 3.3 3.1 2.5 2.6 2.5 2.2 2.1 1.1 0.6 0.7 0.3 (0.8) 2.8 1.0 0
Net Income 83.0 86.4 65.6 61.4 63.2 65.2 59.9 52.1 50.0 42.1 53.3 53.5 58.0 67.7 64.0 62.1 57.6 53.7 52.5 50.0 51.5 50.9 43.4 40.4 34.8 41.0 37.6 35.6 35.0 36.2 34.6 33.5 32.6 21.1 25.3 24.1 22.5 21.7 20.9 18.9 20.0 19.7 16.2 14.5 13.1 15.0 14.0 11.6 11.8 11.9 10.8 9.7 9.3 8.6 9.3 8.3 8.3 6.6 6.1 5.8 4.9 4.5 4.8 4.0 4.0 2.0 1.6 1.6 0.7 7.0 5.0 3.3 716.1
Per Share Data
EPS (Basic) 1.52 1.58 1.20 1.12 1.16 1.19 1.10 0.96 0.92 0.77 0.98 0.98 1.07 1.25 1.18 1.14 1.06 0.99 0.97 0.92 0.95 0.94 0.80 0.75 0.65 0.77 0.70 0.67 0.65 0.68 0.65 0.63 0.61 0.40 0.48 0.46 0.43 0.41 0.40 0.36 0.38 0.38 0.31 0.28 0.26 0.30 0.28 0.24 0.24 0.24 0.22 0.20 0.19 0.21 0.19 0.17 0.17 0.16 0.12 0.12 0.10 0.11 0.10 0.08 0.08 0.06 0.05 0.04 0.02 0.21 0.15 0.10 20.98
EPS (Diluted) 1.52 1.58 1.20 1.12 1.16 1.19 1.10 0.95 0.92 0.77 0.98 0.98 1.06 1.24 1.17 1.14 1.06 0.99 0.96 0.92 0.95 0.94 0.80 0.75 0.64 0.76 0.69 0.66 0.65 0.67 0.64 0.62 0.60 0.39 0.47 0.45 0.42 0.40 0.39 0.35 0.38 0.37 0.31 0.27 0.25 0.29 0.27 0.23 0.24 0.24 0.22 0.20 0.19 0.21 0.19 0.17 0.17 0.16 0.12 0.12 0.10 0.11 0.10 0.08 0.08 0.06 0.05 0.04 0.02 0.21 0.15 0.10 20.98
Shares Outstanding 54.7 54.7 54.7 54.7 54.5 54.6 54.5 54.5 54.5 54.5 54.4 54.4 54.4 54.3 54.3 54.3 54.3 54.3 54.2 54.2 54.1 54.2 53.9 53.9 53.7 53.3 53.5 53.5 53.5 53.2 53.2 53.1 53.1 52.8 53.0 52.9 52.7 53.0 52.6 52.4 52.2 51.9 51.8 51.4 50.8 49.7 49.5 47.3 49.0 49.0 49.0 49.0 49.0 41.1 49.0 49.0 49.0 41.2 49.0 49.0 49.0 41.2 49.0 49.0 49.0 35.0 34.9 34.9 34.1 34.1 34.1 34.1 34.1
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 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1
Current Assets
Cash & Cash Equivalents 100.6 95.1 1,335.5 1,377.1 3,340.4 2,375.6 1,756.7 1,265.6 1,280.3 2,030.5 1,974.1 959.7 864.5 814.5 406.0 1,587.1 3,418.8 4,163.7 4,399.8 3,173.3 2,808.2 2,209.6 1,622.1 1,546.6 378.4 530.1 572.4 477.9 618.1 458.1 136.8 150.1 118.2 238.1 166.2 205.9 338.2 623.6 610.6 472.7 497.2 26.6 20.4 27.0 18.5 17.9
Short-Term Investments 1,037.2 1,068.8 386.5 447.4 457.9 443.0 1,139.0 1,174.4 1,073.9 825.9 834.8 990.9 624.9 644.8 665.8 724.5 784.7 842.6 723.3 1,013.5 961.9 886.7 913.0 856.1 826.8 759.4 688.0 658.0 631.7 590.2 578.0 583.5 560.6 538.1 435.3 438.8 454.0 422.4 351.4 321.0 334.6 0 0 0 111.8 105.3
Net Receivables 70.1 62.0 63.6 61.8 70.5 62.8 61.6 62.9 61.4 59.2 56.5 50.2 50.5 48.4 39.9 36.6 34.4 34.8 33.8 33.1 36.3 36.8 36.6 30.9 25.3 26.3 25.4 26.6 27.0 24.1 24.8 21.4 20.3 20.7 20.3 16.8 16.1 15.8 14.6 13.5 13.4 6.1 6.7 6.2 4.4 3.9
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 0 0 (6.2) 0 0
Other Current Assets (1,037.2) (62.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,542.0 0 0
Total Current Assets 170.6 1,164.0 1,785.7 1,886.4 3,868.7 2,881.4 2,957.3 2,503.0 2,415.6 2,915.6 2,865.4 2,000.8 1,539.9 1,507.8 1,111.7 2,348.2 4,237.8 5,041.1 5,156.9 4,219.9 3,806.4 3,133.2 2,571.7 2,433.6 1,230.5 1,315.8 1,285.9 1,162.5 1,276.8 1,072.3 739.6 755.0 699.1 796.8 621.8 661.5 808.2 1,061.7 976.7 807.2 845.2 32.7 27.1 1,569.0 134.7 127.1
Non-Current Assets
Property, Plant & Equipment 84.2 60.4 60.7 60.0 59.4 59.2 61.3 59.2 59.3 59.3 59.5 59.7 60.1 59.9 59.1 59.5 59.9 60.3 61.0 67.7 56.5 55.0 55.3 55.6 56.0 56.5 56.6 57.2 57.7 57.8 57.9 58.3 58.6 58.9 55.1 51.8 46.4 40.3 25.0 23.2 21.0 4.7 4.9 5.1 4.4 3.8
Goodwill 13.6 13.6 13.6 13.6 13.6 13.6 13.6 13.6 13.6 13.6 13.6 0 0 13.6 0 0 0 13.6 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 13.6 13.6 0 13.6 13.6 13.6 0.0 13.7 13.8 13.8 13.9 14.0 14.0 14.1 14.2 14.2 14.3 14.4 14.4 14.5 14.6 14.7 14.7 14.8 14.9 14.9 15.0 15.1 15.2 15.2 0 0 0 0 0
Long-Term Investments 14,743.7 14,197.0 14,614.4 14,551.8 14,180.9 13,883.8 12,914.5 12,953.1 12,600.1 12,567.5 12,539.1 12,513.9 12,504.5 12,577.4 12,188.5 11,558.1 10,613.2 9,880.3 8,965.7 8,551.4 8,426.2 8,392.4 8,437.8 8,238.6 7,490.4 7,191.4 6,953.8 6,906.2 6,591.2 6,465.0 6,303.1 6,071.3 5,872.1 5,797.6 5,662.7 5,373.6 5,177.8 4,928.1 4,640.2 4,526.9 4,334.1 240 238 259 115 109
Other Non-Current Assets 3,111.9 (14,197.0) 1,060.1 811.1 455.2 451.9 445.2 458.6 572.7 510.7 500.7 419.2 387.8 376.7 462.5 466.0 370.9 415.6 373.4 323.2 312.4 307.1 289.3 247.0 550.1 344.2 670.2 575.2 344.6 370.5 390.5 173.8 355.8 401.3 331.4 201.5 261.9 298.1 323.4 251.8 140.4 4.1 4.4 (259.6) 4.8 4.5
Total Non-Current Assets 18,000.6 74.0 15,798.5 15,492.2 14,768.0 14,470.3 13,491.9 13,546.9 13,306.0 13,214.0 13,179.0 13,072.0 13,026.6 13,088.0 12,778.3 12,146.1 11,101.6 10,407.7 9,445.3 8,987.4 8,841.0 8,799.5 8,823.1 8,578.6 8,134.4 7,631.9 7,719.2 7,577.7 7,034.0 6,935.1 6,778.3 6,329.6 6,312.6 6,285.6 6,090.3 5,668.1 5,528.0 5,308.7 5,025.9 4,838.8 4,533.4 8.8 9.2 4.5 9.1 8.3
Total Assets 18,171.3 17,727.2 17,584.2 17,378.6 18,636.8 17,351.6 16,449.2 16,049.8 15,721.6 16,129.7 16,044.3 15,072.8 14,566.6 14,595.8 13,890.0 14,494.3 15,339.4 15,448.8 14,602.2 13,207.3 12,647.4 11,932.7 11,394.9 11,012.2 9,364.9 8,947.7 9,005.1 8,740.2 8,310.8 8,007.4 7,517.8 7,084.6 7,011.7 7,082.4 6,712.1 6,329.6 6,336.2 6,370.4 6,002.6 5,646.1 5,378.6 1,681.8 1,527.5 1,573.5 1,342.4 1,255.5
Current Liabilities
Account Payables 29.1 30.0 28.3 27.4 29.1 28.0 26.6 25.3 26.8 27.5 24.7 23.1 20.5 18.6 14.9 13.5 14.2 13.6 12.7 12.1 12.9 12.3 11.9 11.7 12.4 11.9 11.5 10.9 11.5 10.4 8.6 7.2 7.8 5.0 4.4 3.5 4.2 4.4 3.6 2.9 3.6 0.9 0.9 1 1.1 1.2
Short-Term Debt 1,551.1 1,471.6 1,488.2 1,599.1 2,358.3 1,993.7 1,542.6 1,097.2 1,345.3 1,256.7 1,370.3 1,298.1 1,480.2 1,618.8 1,466.3 1,389.2 1,639.2 1,711.8 1,286.8 1,059.5 911.6 851.5 669.4 635.6 543.6 470.7 370.2 459.4 373.4 288.7 246.1 262.7 326.4 301.8 254.9 300.2 358.2 355.9 344.4 420.4 497.9 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (29.1) 2,654.3 14,106.9 13,862.3 14,429.1 13,543.5 13,146.5 13,259.4 12,751.4 13,273.5 13,142.4 12,288.2 11,615.3 11,546.8 11,051.9 11,772.3 12,408.8 12,452.8 12,078.7 10,958.2 10,577.6 9,975.7 9,673.8 9,342.9 7,832.7 7,530.4 7,724.2 7,404.8 7,083.7 6,915.7 6,505.4 6,085.7 5,977.4 6,086.7 5,792.5 5,391.3 5,357.3 5,415.9 5,077.5 4,664.9 4,336.1 1,547 1,399.7 1,450 1,223.5 1,143.1
Total Current Liabilities 1,551.1 4,155.9 15,623.3 15,488.8 16,816.4 15,565.2 14,715.7 14,381.8 14,123.6 14,557.8 14,537.3 13,609.3 13,116.0 13,184.2 12,533.1 13,175.0 14,062.2 14,178.2 13,378.1 12,029.8 11,502.0 10,839.6 10,355.0 9,990.2 8,388.7 8,013.1 8,105.9 7,875.2 7,468.5 7,214.8 6,760.0 6,355.6 6,311.6 6,398.4 6,056.1 5,698.5 5,724.0 5,780.7 5,429.1 5,091.1 4,841.3 1,547.9 1,400.6 1,451 1,224.6 1,144.3
Non-Current Liabilities
Long-Term Debt 34.8 34.8 64.8 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.8 64.7 65.4 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.6 64.7 64.8 55.0 55.1 55.2 55.3 55.4 55.5 55.5 24.9 24.9 40.1 24.9 20
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 0 0 0 0 0
Other Non-Current Liabilities 14,653.9 15,842.1 114.5 103.3 86.7 104.9 98.4 92.7 57.3 66.7 40.8 35.3 45.3 48.9 49.6 42.7 39.6 53.9 45.1 39.5 50.2 35.5 25.5 42.7 29.6 27.2 24.0 21.4 32.1 12.7 11.7 9.2 6.1 11.5 10.8 8.9 11.9 11.6 10.3 10.4 10.8 0 0 (15.2) 0 0
Total Non-Current Liabilities 14,707.6 15,876.8 179.2 168.0 151.4 169.7 163.2 157.4 122.0 131.5 105.6 100.0 110.7 113.6 114.3 107.4 104.3 118.6 109.8 104.2 114.9 100.2 90.2 107.4 94.3 91.9 88.7 86.1 96.7 77.4 76.3 73.9 70.8 76.3 65.8 64.0 67.0 66.9 65.6 65.9 66.4 24.9 24.9 24.9 24.9 20
Total Liabilities 16,258.8 15,876.8 15,802.6 15,656.8 16,967.9 15,734.9 14,878.9 14,539.2 14,245.6 14,689.3 14,642.9 13,709.3 13,226.7 13,297.9 12,647.4 13,282.4 14,166.4 14,296.8 13,487.9 12,134.0 11,616.9 10,939.8 10,445.3 10,097.6 8,483.0 8,105.0 8,194.6 7,961.3 7,565.2 7,292.2 6,836.3 6,429.4 6,382.4 6,474.8 6,121.9 5,762.5 5,791.0 5,847.6 5,494.8 5,157.0 4,907.7 1,572.8 1,425.5 1,475.9 1,249.5 1,164.3
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0 0 0 0.0
Retained Earnings 1,676.0 1,613.7 1,548.1 1,500.8 1,457.6 1,412.6 1,365.7 1,322.0 1,288.5 1,254.8 1,229.1 1,190.9 1,152.7 1,109.9 1,057.4 1,005.8 956.2 911.0 869.7 828.0 788.9 748.2 706.9 673.0 642.0 616.6 585.0 555.4 527.9 500.9 472.7 444.0 416.3 389.6 371.1 348.5 327.0 307.2 287.6 268.8 249.7 29 25 21 17.4 15.8
Accumulated Other Comprehensive Income (2.7) (1.8) (4.2) (16.3) (25.1) (32.2) (31.6) (46.5) (46.6) (47.6) (59.8) (58.7) (43.0) (42.3) (44.1) (22.4) (10.9) 14.1 18.4 19.6 16.8 20.2 18.8 18.6 17.4 5.7 5.8 4.3 (1.0) (4.7) (9.8) (7.2) (5.1) (0.2) 1.0 0.7 0.4 (0.6) 4.6 5.4 4.9 5 2 2 1 1
Total Stockholders' Equity 1,912.0 1,849.8 1,781.1 1,721.3 1,668.4 1,616.3 1,569.8 1,510.1 1,475.5 1,439.9 1,400.9 1,363.0 1,339.3 1,297.4 1,242.1 1,211.4 1,172.5 1,151.5 1,113.8 1,072.8 1,030.0 992.4 949.1 914.1 881.4 842.2 810.0 778.5 745.1 714.7 681.0 654.6 628.8 607.1 589.7 566.6 544.6 522.5 507.5 488.7 470.6 109 102 97.6 92.9 91.2
Total Liabilities & Equity 18,171.3 17,727.2 17,584.2 17,378.6 18,636.8 17,351.6 16,449.2 16,049.8 15,721.6 16,129.7 16,044.3 15,072.8 14,566.6 14,595.8 13,890.0 14,494.3 15,339.4 15,448.8 14,602.2 13,207.3 12,647.4 11,932.7 11,394.9 11,012.2 9,364.9 8,947.7 9,005.1 8,740.2 8,310.8 8,007.4 7,517.8 7,084.6 7,011.7 7,082.4 6,712.1 6,329.6 6,336.2 6,370.4 6,002.6 5,646.1 5,378.6 1,681.8 1,527.5 1,573.5 1,342.4 1,255.5
Debt Metrics
Total Debt 1,604.9 1,506.4 1,552.9 1,663.9 2,423.1 2,058.5 1,607.4 1,161.9 1,410.1 1,321.5 1,435.0 1,362.8 1,545.6 1,683.5 1,531.0 1,453.9 1,703.9 1,776.5 1,351.5 1,124.2 976.2 916.3 734.1 700.3 608.3 535.5 434.9 524.1 438.1 353.4 310.8 327.3 391.1 366.6 309.9 355.3 413.4 411.2 399.7 475.9 553.4 55.3 72.6 40.2 40.1 35.1
Net Debt 1,504.3 1,411.3 217.4 286.7 (917.3) (317.1) (149.3) (103.7) 129.8 (709.1) (539.0) 403.1 681.1 869.0 1,125.0 (133.3) (1,714.8) (2,387.2) (3,048.3) (2,049.1) (1,831.9) (1,293.3) (888) (846.3) 229.9 5.3 (137.5) 46.2 (180.0) (104.7) 174.0 177.2 272.9 128.6 143.7 149.4 75.2 (212.4) (210.9) 3.2 56.2 28.7 52.2 13.2 21.6 17.2
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 83.0 86.4 65.6 61.4 63.2 65.2 59.9 52.1 50.0 42.1 53.3 53.5 58.0 67.7 64.0 62.1 57.6 53.8 52.5 50.0 51.5 51.0 43.4 40.4 34.8 41.0 37.6 35.6 35.0 36.2 34.6 33.5 32.6 21.1 25.3 24.2 22.5 21.7 20.9 18.9 20.0
Depreciation & Amortization 1.3 1.3 1.1 1.0 1.2 1.1 1.5 1.1 1.1 1.2 1.1 1.1 1.1 0.9 1.1 1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 0.9 0.9 0.9 0.4 0.8 0.8 0.8 0.6 0.8 0.8 0.8
Stock-Based Compensation 0.8 0.6 0.6 0.8 0.9 0.6 1.0 0.9 1.0 0.9 0.9 1.0 0.8 0.8 0.8 0.8 0.8 0.5 0.5 0.6 0.3 0.4 0.3 0.4 0.3 0.3 0.3 0.2 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Change in Working Capital (30.5) (4.1) 16.2 (5.5) (24.9) (8.8) 12.8 (7.4) (5.8) 32.4 (41.3) (25.1) (12.4) (3.2) (15.6) (25.6) 1.3 5.4 (3.9) (9.7) 5.8 11.3 (35.1) 5.4 2.8 13.8 (6.2) (16.1) (0.0) 17.5 (3.2) (0.9) (1.3) (12.3) 5.3 (14.8) 2.0 (0.1) 1.7 (8.5) 0.4
Other Non-Cash Items 12.8 15.3 55.4 9.6 7.1 10.7 11.2 3.5 4.6 10.0 4.6 7.7 7.7 10.7 20.3 12.7 13.7 15.1 15.9 20.5 8.2 15.1 6.8 5.1 14.7 9.2 8.5 (2.5) 4.3 12.4 7.0 4.6 4.9 10.6 6.3 6.2 3.9 7.4 6.1 1.3 6.0
Operating Cash Flow 70.1 98.8 140.9 67.6 48.0 67.2 84.0 48.3 53.5 91.1 12.7 38.3 55.1 73.8 70.7 56.7 69.3 70.8 66.0 62.7 66.8 73.8 12.9 52.4 52.2 61.4 41.5 19.6 41.7 52.3 39.0 38.2 38.9 37.3 34.9 17.1 29.2 27.9 29.7 13.6 27.3
Investing Activities
Capital Expenditure (2.9) (4.5) 3.1 (1.6) (1.5) 1.1 (3.6) (1.0) (1.1) (1.0) (1.0) (0.6) (1.3) (1.7) (0.7) (0.6) (0.7) (0.4) 5.7 (12.3) (2.5) (0.7) (0.6) (0.5) (0.4) (0.8) (0.3) (0.5) (0.8) (0.8) (0.5) (0.5) (0.6) (4.1) (4.1) (6.1) (6.8) (14.4) (2.5) (3.0) (2.3)
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 0 0 0 0 0 0 0
Purchases of Investments (28.7) (137.8) (119.3) (135.6) (114.9) (504.7) (0.5) (487.4) (208.2) (377.1) (214.2) (468.1) (0.5) (4.0) (14.6) (281.1) (445.2) (442.4) (45.5) (113.9) (149.8) (46.1) (122.9) (85.9) (80.3) (107.6) (64.7) (56.1) (65.8) (34.0) (22.1) (46.1) (54.7) (41.7) (25.9) (17.7) (63.7) (111.1) (69.2) (7.5) (11.2)
Sales/Maturities of Investments 72.0 238.7 151.4 126.7 96.3 490.9 97.4 478.9 149.6 370.9 404.3 40.5 30.8 34.5 48 87.4 96.6 88.4 54.6 61.8 72.2 72.8 64.9 56.5 26.8 35.5 36.1 36.1 28.5 28.2 24.2 20.1 25.5 23.7 21.3 25.8 23.6 (0.6) 38.2 20.1 21.4
Other Investing Activities (264.0) (392.4) (228.8) (351.7) (285.9) (269.2) (10.3) (456.3) (224.2) (20.4) (40.8) 20.9 57.0 (409.8) (660.5) (718.2) (369.5) (727.3) (165.0) (145.1) (39.6) 13.4 (244.9) (751.1) (312.0) (303.6) (82.5) (312.1) (129.9) (174.4) (237.8) (203.4) (77.8) (233.3) (286.4) (203.6) (243.1) (257.4) (128.2) (210.3) (123.6)
Investing Cash Flow (223.7) (292.6) (193.7) (362.2) (306.0) (281.9) 83.1 (465.8) (283.9) (27.5) 148.3 (407.2) 86.0 (381.0) (627.8) (912.5) (718.8) (1,081.7) (150.2) (209.6) (119.7) 39.3 (303.5) (781.0) (365.9) (376.5) (111.4) (332.5) (168.0) (180.9) (236.2) (229.8) (107.5) (255.4) (295.2) (201.7) (290.0) (383.5) (161.8) (200.7) (115.7)
Financing Activities
Net Debt Issuance 342.7 (46.5) (111.0) (759.2) 364.6 451.1 445.5 (248.2) 88.6 (113.6) 72.2 (182.1) (138.6) 152.5 77.2 (250.1) (72.5) 425.0 227.3 147.9 60.0 182.2 33.7 92.0 72.9 100.5 (89.2) 86.1 84.7 42.6 (16.6) (0.1) (0.1) 9.8 (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1)
Stock Repurchased (0.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (20.8) (18.3) (18.3) (18.3) (18.3) (16.4) (16.4) (16.4) (16.3) (15.3) (0.0) (15.3) (15.2) (12.6) 0.1 (12.5) (12.5) (10.9) 0.0 (10.9) (10.8) (9.4) (0.0) (9.4) (9.4) (8.0) 0.0 (8.1) (8.0) (8.5) (5.8) (3.2) (2.6) (4.8) (2.6) (0.6) (2.1) (3.7) (2.1) (0.9) (1.2)
Other Financing Activities 41.5 112.1 244.4 (567.0) 884.6 396.1 (113.0) 507.8 (522.2) 131.0 854.2 672.8 66.8 494.9 (720.6) (636.7) (44.7) 374.1 1,120.3 379.7 600.2 301.8 330.6 1,510.3 301.8 (194.0) 319.1 321.1 166.5 409.6 419.3 44.5 (90.9) 340.4 356.7 (24.7) (55.6) 351.1 337.7 251.2 263.1
Financing Cash Flow 363.5 47.2 115.2 (1,344.2) 1,231.1 831.1 316.4 243.4 (449.8) 2.4 926.4 475.6 (86.2) 634.9 (643.2) (899.0) (129.2) 788.4 1,347.8 517.9 651.3 474.9 365.1 1,593.0 367.6 (101.0) 230.4 399.4 243.9 444.7 397.4 41.2 (92.8) 346.7 353.9 (25.6) (57.6) 347.4 335.5 250.2 261.8
Cash Position
Net Change in Cash 209.9 (146.6) 62.4 (1,638.8) 973.1 616.4 483.5 (174.1) (680.2) 66.0 1,087.4 106.7 54.9 327.7 (1,200.3) (1,754.8) (778.7) (222.4) 1,263.7 371.0 598.3 588.0 74.4 864.4 53.9 (416.1) 160.6 86.6 117.6 316.1 200.2 (150.4) (161.5) 128.6 93.7 (210.2) (318.4) (8.3) 203.5 63.1 173.4
Cash at Beginning 1,626.7 1,773.3 1,710.9 3,349.7 2,376.6 1,760.2 1,276.8 1,450.9 2,131.1 2,065.1 977.7 871.0 816.1 488.3 1,688.6 3,443.4 4,222.1 4,444.5 3,180.8 2,809.7 2,211.4 1,623.4 1,548.9 684.5 630.6 1,046.7 886.1 799.5 681.9 365.8 165.7 316.1 477.6 349.0 255.3 465.6 784.0 792.3 588.7 525.6 352.2
Cash at End 1,836.6 1,626.7 1,773.3 1,710.9 3,349.7 2,376.6 1,760.2 1,276.8 1,450.9 2,131.1 2,065.1 977.7 871.0 816.1 488.3 1,688.6 3,443.4 4,222.1 4,444.5 3,180.8 2,809.7 2,211.4 1,623.4 1,548.9 684.5 630.6 1,046.7 886.1 799.5 681.9 365.8 165.7 316.1 477.6 349.0 255.3 465.6 784.0 792.3 588.7 525.6
Free Cash Flow 67.2 94.2 144.0 66.0 46.5 68.2 80.4 47.2 52.4 90.1 11.8 37.7 53.8 72.1 70.0 56.1 68.6 70.5 71.8 50.4 64.2 73.0 12.2 51.9 51.8 60.6 41.2 19.2 40.9 51.5 38.5 37.7 38.3 33.2 30.8 10.9 22.4 13.5 27.2 10.6 25.0
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 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 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1
Income Statement
Revenue 252.3 267.1 254.1 247.1 249.4 248.6 256.5 236.4 235.6 221.6 221.3 198.2 187.6 165.0 158.2 136.1 121.1 104.0 112.3 112.3 108.9 104.1 104.3 102.1 103.4 98.6 107.3 103.6 98.6 88.2 89.1 83.3 78.4 72.2 72.4 68.3 64.1 55.5 59.5 55.9 53.4 45.0 50.3 47.6 43.9 37.4 39.9 38.4 36.5 34.2 34.8 33.3 32.0 28.8 30.1 29.1 27.8 27.1 25.1 23.9 22.2 21.3 21.3 20 19.6 (5.9) 16.1 15.0 28.3 14.4 13.9 13.3 2.2
Gross Profit 148.3 154.3 126.8 120.8 125.2 122.2 118.0 109.4 106.9 90.6 103.6 103.2 110.4 110.0 119.8 116.4 108.3 87.7 98.4 94.6 93.4 88.8 81.0 80.0 70.7 70.3 72.2 71.0 68.8 60.4 65.3 65.3 62.7 52.5 58.4 56.0 51.6 44.3 49.2 45.9 45.6 36.4 42.5 39.6 37.7 31.0 33.6 32.5 30.7 28.2 28.2 26.7 24.4 22.7 25.2 22.2 21.6 20.6 18.3 18.3 16.0 14.6 14.8 13.8 13.3 (20.1) 13.5 12.5 12.7 14.4 13.9 13.3 2.2
Operating Income 101.0 107.6 78.8 76.6 79.1 79.4 72.4 66.6 60.6 47.2 61.9 64.7 70.8 84.1 77.1 76.5 71.1 61.6 64.0 63.3 64.5 65.8 54.4 51.2 42.8 51.3 47.1 45.0 43.5 44.7 42.7 41.9 39.7 36.0 36.9 34.1 30.3 29.0 29.1 26.4 26.3 24.3 24.3 21.4 19.0 21.7 18.3 17.1 17.0 17.8 16.1 14.3 13.7 12.7 14.0 12.4 12.6 10.0 9.5 9.0 7.4 7.1 7.3 6.2 6.1 (5.6) 0.5 0.9 1.1 (717.8) 0.3 0.4 716.1
Net Income 83.0 86.4 65.6 61.4 63.2 65.2 59.9 52.1 50.0 42.1 53.3 53.5 58.0 67.7 64.0 62.1 57.6 53.7 52.5 50.0 51.5 50.9 43.4 40.4 34.8 41.0 37.6 35.6 35.0 36.2 34.6 33.5 32.6 21.1 25.3 24.1 22.5 21.7 20.9 18.9 20.0 19.7 16.2 14.5 13.1 15.0 14.0 11.6 11.8 11.9 10.8 9.7 9.3 8.6 9.3 8.3 8.3 6.6 6.1 5.8 4.9 4.5 4.8 4.0 4.0 2.0 1.6 1.6 0.7 7.0 5.0 3.3 716.1
EPS (Diluted) 1.52 1.58 1.20 1.12 1.16 1.19 1.10 0.95 0.92 0.77 0.98 0.98 1.06 1.24 1.17 1.14 1.06 0.99 0.96 0.92 0.95 0.94 0.80 0.75 0.64 0.76 0.69 0.66 0.65 0.67 0.64 0.62 0.60 0.39 0.47 0.45 0.42 0.40 0.39 0.35 0.38 0.37 0.31 0.27 0.25 0.29 0.27 0.23 0.24 0.24 0.22 0.20 0.19 0.21 0.19 0.17 0.17 0.16 0.12 0.12 0.10 0.11 0.10 0.08 0.08 0.06 0.05 0.04 0.02 0.21 0.15 0.10 20.98
Balance Sheet
Cash & Equivalents 100.6 95.1 1,335.5 1,377.1 3,340.4 2,375.6 1,756.7 1,265.6 1,280.3 2,030.5 1,974.1 959.7 864.5 814.5 406.0 1,587.1 3,418.8 4,163.7 4,399.8 3,173.3 2,808.2 2,209.6 1,622.1 1,546.6 378.4 530.1 572.4 477.9 618.1 458.1 136.8 150.1 118.2 238.1 166.2 205.9 338.2 623.6 610.6 472.7 497.2 26.6 20.4 27.0 18.5 17.9
Total Assets 18,171.3 17,727.2 17,584.2 17,378.6 18,636.8 17,351.6 16,449.2 16,049.8 15,721.6 16,129.7 16,044.3 15,072.8 14,566.6 14,595.8 13,890.0 14,494.3 15,339.4 15,448.8 14,602.2 13,207.3 12,647.4 11,932.7 11,394.9 11,012.2 9,364.9 8,947.7 9,005.1 8,740.2 8,310.8 8,007.4 7,517.8 7,084.6 7,011.7 7,082.4 6,712.1 6,329.6 6,336.2 6,370.4 6,002.6 5,646.1 5,378.6 1,681.8 1,527.5 1,573.5 1,342.4 1,255.5
Total Debt 1,604.9 1,506.4 1,552.9 1,663.9 2,423.1 2,058.5 1,607.4 1,161.9 1,410.1 1,321.5 1,435.0 1,362.8 1,545.6 1,683.5 1,531.0 1,453.9 1,703.9 1,776.5 1,351.5 1,124.2 976.2 916.3 734.1 700.3 608.3 535.5 434.9 524.1 438.1 353.4 310.8 327.3 391.1 366.6 309.9 355.3 413.4 411.2 399.7 475.9 553.4 55.3 72.6 40.2 40.1 35.1
Stockholders' Equity 1,912.0 1,849.8 1,781.1 1,721.3 1,668.4 1,616.3 1,569.8 1,510.1 1,475.5 1,439.9 1,400.9 1,363.0 1,339.3 1,297.4 1,242.1 1,211.4 1,172.5 1,151.5 1,113.8 1,072.8 1,030.0 992.4 949.1 914.1 881.4 842.2 810.0 778.5 745.1 714.7 681.0 654.6 628.8 607.1 589.7 566.6 544.6 522.5 507.5 488.7 470.6 109 102 97.6 92.9 91.2
Cash Flow
Operating Cash Flow 70.1 98.8 140.9 67.6 48.0 67.2 84.0 48.3 53.5 91.1 12.7 38.3 55.1 73.8 70.7 56.7 69.3 70.8 66.0 62.7 66.8 73.8 12.9 52.4 52.2 61.4 41.5 19.6 41.7 52.3 39.0 38.2 38.9 37.3 34.9 17.1 29.2 27.9 29.7 13.6 27.3
Capital Expenditure (2.9) (4.5) 3.1 (1.6) (1.5) 1.1 (3.6) (1.0) (1.1) (1.0) (1.0) (0.6) (1.3) (1.7) (0.7) (0.6) (0.7) (0.4) 5.7 (12.3) (2.5) (0.7) (0.6) (0.5) (0.4) (0.8) (0.3) (0.5) (0.8) (0.8) (0.5) (0.5) (0.6) (4.1) (4.1) (6.1) (6.8) (14.4) (2.5) (3.0) (2.3)
Free Cash Flow 67.2 94.2 144.0 66.0 46.5 68.2 80.4 47.2 52.4 90.1 11.8 37.7 53.8 72.1 70.0 56.1 68.6 70.5 71.8 50.4 64.2 73.0 12.2 51.9 51.8 60.6 41.2 19.2 40.9 51.5 38.5 37.7 38.3 33.2 30.8 10.9 22.4 13.5 27.2 10.6 25.0