Surgery Partners, Inc. logo SGRY - Surgery Partners, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 14
HOLD 8
SELL 0
STRONG
SELL
0
| PRICE TARGET: $19.25 DETAILS
HIGH: $21.00
LOW: $17.00
MEDIAN: $19.50
CONSENSUS: $19.25
UPSIDE: 44.52%
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 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 810.9 885 821.5 826.2 776 864.4 770.4 762.1 717.4 735.4 674.1 667.6 666.2 707.1 620.6 615.4 596.2 610.2 559.2 543.3 512.4 548.3 496.1 374.7 441 517.2 452 445.4 416.8 491.2 443.9 444.8 417.4 460.3 288.4 286.2 306.0 282.7 289.7 267.1 263.3 239.6 232.8 224.1 179.7 76.3 75.1 69.2
Cost of Revenue 689.2 672.8 626.2 630.6 614.1 630.8 592.9 582.9 562.1 541.8 508.3 513.5 532.2 522.8 489.4 480.8 471.4 463.1 436.7 425 408.9 412.9 381.9 319.3 366.2 388 353.1 340.4 326.1 359.7 334.3 340.1 327.3 338.7 216.5 211.9 214.2 201.4 208.9 196.7 183.2 168.8 161.6 155.8 120.6 45.4 45.2 43.1
Gross Profit 121.7 212.2 195.3 195.6 161.9 233.6 177.5 179.2 155.3 193.6 165.8 154.1 134 184.3 131.2 134.6 124.8 147.1 122.5 118.3 103.5 135.4 114.2 55.4 74.8 129.2 98.9 105 90.7 131.4 109.6 104.7 90.1 121.6 71.9 74.2 91.8 81.3 80.8 70.4 80.1 70.8 71.3 68.4 59.1 30.9 29.9 26.1
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
SG&A Expenses 140.6 126.8 323.8 36.1 36 36 29.2 40.3 33.2 20.9 36.8 31.2 32 28.7 17.9 26.1 29.5 27.2 25.5 24.5 26.8 23.8 25.2 25.3 22.8 23.7 19.9 23.3 21.7 23.8 19.5 26.1 24.2 21.4 18.7 15.5 18.0 15.0 15.0 12.2 21.0 11.2 11.8 11.9 11.4 6.7 6.5 6.8
Other Expenses (101.3) (24.8) (234.2) 47.8 64 70.5 87.4 54.1 46.1 71.3 46.4 25.3 55.6 61.4 39.2 32 (5.1) 5.1 33.4 34.3 12.4 15.3 70.5 (14.6) 28.5 1,352.1 0 0 (2.4) 1,454.6 10.3 0 0 25.3 0 0 807.5 23.5 0 4.2 (119.9) 0 0 0 0 0 0 0
Operating Expenses 39.3 102 89.6 83.9 100 106.5 116.6 94.4 79.3 92.2 83.2 56.5 87.6 90.1 57.1 58.1 24.4 32.3 58.9 58.8 39.2 39.1 95.7 10.7 51.3 42.9 38.3 42 40.5 41.7 46.8 48.8 45.7 48.7 35.7 32.2 36.2 38.4 28.3 25.6 35.5 25.4 25.4 25.5 19.7 11.0 9.4 11.7
Operating Income
Operating Income 82.4 110.2 105.7 111.7 61.9 127.1 60.9 84.8 76 101.4 82.6 97.6 46.4 94.2 74.1 76.5 100.4 114.8 63.6 59.5 64.3 96.3 18.5 44.7 23.5 71.8 59 55.5 49.6 (51.9) 45.0 43.6 41.2 80.3 37.7 41.7 68.4 42.8 50.9 34.3 21.1 44.3 41.0 38.4 (3.7) 19.7 20.6 16.4
Interest Expense 70.5 192.6 335.1 67.9 62.2 52.9 50 51.5 47.3 48.7 49.8 47.7 46.8 61 60.7 56.9 56.3 60.1 54.2 53.4 53.3 54 51.5 49.2 47.1 44.8 45.7 46.4 42 39.6 37.2 35.9 34.3 32.9 25.6 25.2 25.7 26.5 26.2 22.2 22.5 26.6 26.2 25.8 29.4 11.3 0 0
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 11.4 10.1
Profitability
EBITDA 120.9 295.1 405.4 152 98.2 161 111.1 119.6 109.7 132.5 111.5 122 80.1 123.8 103.9 104.5 127.8 137.5 88.8 84.7 90 121.8 42.6 68.1 45.3 92 77.4 74.6 66 (34.4) 61.9 60.2 56.9 98.5 49.2 52.8 79.0 48.8 60.7 43.8 (239.7) 52.9 49.5 46.8 2.8 22.8 23.5 19.3
EBIT 82.4 235.2 365.9 111.7 61.9 127.1 60.9 84.8 76 101.4 82.6 97.6 46.4 94.2 74.1 76.5 100.4 114.8 63.6 59.5 64.3 96.3 18.5 44.7 23.5 71.8 59 55.5 47.2 (52.5) 45 43.6 41.2 80.0 37.7 41.7 68.4 39.1 50.9 34.3 (98.8) 44.3 41.0 38.4 (3.7) 19.7 20.6 16.4
Income Before Tax (3.3) 42.6 30.8 43.8 (0.3) 74.2 10.9 33.3 28.7 52.7 32.8 49.9 (0.4) 33.2 13.4 19.6 44.1 54.7 9.4 6.1 11 42.3 (33) (4.5) (23.6) 27 13.3 9.1 5.2 (91.5) 7.8 7.6 6.9 72.8 12.1 16.5 42.7 12.6 24.7 12.1 (121.3) 17.7 14.8 12.6 (33.0) 8.4 9.1 4.3
Income Tax Expense (1.2) 13.6 5.5 (1.1) 0 120.8 4.5 4.9 4.4 6 3.1 (7.8) (1.6) 9.9 7.8 4.3 1.3 11.8 1.2 (2.7) 0.2 (5.6) 1.3 (0.6) (15.2) 3.4 2.4 1 1.7 15.6 5.8 3.3 1.8 71.8 0.5 2.1 4.6 (1.7) 2.4 1.8 (157.3) 3.9 2.3 2.1 3.7 8.0 2.1 2.0
Net Income (35.9) (15) (22.7) (2.5) (37.7) (108.5) (31.7) (15.5) (12.4) (1) (4.9) 18.9 (24.9) (23.4) (25) (18.4) 12.2 (0.1) (22.9) (26.9) (21) 5.5 (61.6) (32.5) (27.5) (18.2) (15.7) (19.8) (20.1) (147.7) (21.0) (19.5) (17.5) (32.2) (4.5) (2.8) 16.9 (2.3) 2.1 (7.2) 16.7 (3.1) (5.4) (6.8) (54.3) (6.9) (0.6) (4.1)
Per Share Data
EPS (Basic) -0.28 -0.11 -0.18 -0.02 -0.30 -0.86 -0.25 -0.12 -0.10 -0.01 0.29 0.15 0.01 0.23 -0.28 0.17 0.49 -0.00 -0.28 -0.39 -0.38 -0.10 -1.26 -0.67 -0.57 -0.38 -0.32 -0.41 -0.42 -3.07 -0.44 -0.41 -0.37 -0.67 -0.09 -0.06 0.35 -0.05 0.04 -0.15 0.35 -0.06 -0.11 -0.14 -1.13 -0.14 -0.01 -0.08
EPS (Diluted) -0.28 -0.11 -0.18 -0.02 -0.30 -0.86 -0.25 -0.12 -0.10 -0.01 0.29 0.15 0.01 0.23 -0.28 0.17 0.47 -0.00 -0.28 -0.39 -0.38 -0.10 -1.26 -0.67 -0.57 -0.38 -0.32 -0.41 -0.42 -3.07 -0.44 -0.41 -0.36 -0.67 -0.09 -0.06 0.35 -0.05 0.04 -0.15 0.35 -0.06 -0.11 -0.14 -1.13 -0.14 -0.01 -0.08
Shares Outstanding 128.4 127.2 126.9 127.0 126.6 126.2 126.2 126.1 126.0 125.8 125.7 125.7 125.2 101.9 88.9 87.6 88.0 84.5 80.7 69.0 54.8 46.9 48.9 48.8 48.5 48.3 48.3 48.3 47.7 48.0 47.9 48.0 47.7 48.3 48.1 45.9 48.0 48.0 48.0 47.9 48.0 48.2 48.2 48.2 48.2 48.2 48.2 48.2
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 182.3 239.9 203.4 250.1 229.3 269.5 221.8 213.5 185.2 195.9 236 177.4 245.5 282.9 154.8 227.4 378.9 389.9 330.4 464.8 541.9 317.9 450 326.3 194.6 92.7 111.3 117.4 142.5 184.3 79.1 96.1 112.8 174.9 199.7 57.0 56.0 69.7 55.2 51.6 135.0
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 603.4 602.2 579.3 563.1 570.6 579.1 542.9 523.4 494.3 496.4 462.8 449.9 465.6 456.3 422.3 412 412.4 430.2 393.4 374.9 367 382.2 346.7 319.1 320.3 326.9 303.1 301.9 294.9 316.1 286.3 276.8 285.6 295.6 279.5 224.3 227.0 227.6 215.5 212.1 195.6
Inventory 100.5 96.6 92.3 87.3 88.1 88.4 82 80.9 77 75.2 69.4 70.3 71.8 71.4 68.6 64 62.9 61.1 59.3 57.3 56.1 56.4 50.9 49 49 46.3 44.4 44 43.8 43.4 44.4 45.7 48.1 45.0 44.5 29.7 29.3 28.8 26.9 25.9 26.6
Other Current Assets 157.5 170.9 182.5 204.8 150.3 182.4 189.1 194.7 107.7 96.5 73.3 73.3 56.7 79 56.6 47.6 50.6 39.3 28.8 27.6 31.7 27.4 26.6 28.8 0 41.8 0 0 0 28.3 53.6 54.2 28.3 30.9 31.5 31.1 32.7 24.7 19.7 29.0 36.5
Total Current Assets 1,082.5 1,150.7 1,102.2 1,105.3 1,074.6 1,119.4 1,035.8 1,012.5 895.9 895 876.2 810.2 868.9 921 738.3 788.4 937 946.1 841.7 952.9 1,017.8 801.5 893.4 746.5 614.6 525.5 517.9 529 535.3 588.3 463.3 472.8 490.6 563.2 573.7 352.3 350.1 362.0 328.7 316.9 394.9
Non-Current Assets
Property, Plant & Equipment 1,416.4 1,442.6 1,439.7 1,451.2 1,428.8 1,384 1,302 1,272.7 1,240.5 1,224 1,184.2 1,093.2 1,118.3 1,155.7 1,150.6 1,066.9 1,056.3 953.8 862.6 862.7 849.7 854.7 812.6 816 807 821 719.9 685.1 688.4 426.3 420.0 411.9 400.4 398.5 388.7 205.7 204.7 204.3 199.6 196.8 191.7
Goodwill 0 5,194.6 0 0 5,126.2 5,068 4,861.5 4,806.3 4,397.5 4,326 4,245.1 4,235.9 4,252.6 4,137.1 4,145.3 0 0 3,911.8 0 0 0 3,468 3,344.6 3,408.9 3,396.5 3,402.4 3,405.6 3,402.3 3,393 3,382.8 3,372.6 3,376.3 3,382.8 3,346.8 3,270.3 1,569.4 1,556.5 1,555.2 1,531.4 1,510.9 1,418.0
Intangible Assets 5,245 41 5,134.6 5,140 45.2 45.7 0 52.2 53.6 54.8 55.9 55.3 0 42.3 41.2 4,035.6 3,967.8 43.7 3,659.3 3,533.9 3,517.5 46.9 44.8 45.7 46.8 47.3 52.6 53.6 54.3 54.3 55.6 61.4 62.4 58.9 56.5 43.4 45.8 48.0 48.7 51.5 51.2
Long-Term Investments 225.4 234 229.4 220.2 218.6 215.4 214.8 227.1 240.5 184.1 278.6 284.6 276.8 190.3 306.3 159.7 94.5 88.7 89.6 90.2 90.4 90.3 91.8 91.1 90.6 93.2 93 93.4 78.5 78.5 80.8 78.1 75.2 74.3 64.4 34.5 35.1 35.0 34.3 34.7 34.5
Other Non-Current Assets 72.8 56.8 40.7 38.1 55.8 57.5 41.1 36 60.6 103.3 140.1 141.4 33.4 144.2 154.8 130.6 120 59.1 50.3 51.1 36.2 27 125.7 136.5 135.4 30.8 32.4 28 30.5 36.9 39.7 51.5 52.7 48.7 39.0 385.9 16.3 16.8 15.8 13.8 20.4
Total Non-Current Assets 6,959.6 7,091.3 6,844.4 6,849.5 6,874.6 6,770.6 6,498.6 6,476.1 6,079.7 5,981.7 5,903.9 5,810.4 5,774.4 5,761.1 5,798.2 5,503.2 5,352.5 5,171.5 4,789.9 4,667.7 4,621.2 4,611.7 4,419.5 4,498.2 4,476.3 4,493.4 4,399.6 4,361.9 4,345.6 4,087.9 4,095.3 4,110.9 4,104.3 4,059.5 4,028.2 2,319.2 1,939.7 1,943.0 1,920.0 1,896.6 1,807.5
Total Assets 8,042.1 8,242 7,946.6 7,954.8 7,949.2 7,890 7,534.4 7,488.6 6,975.6 6,876.7 6,780.1 6,620.6 6,643.3 6,682.1 6,536.5 6,291.6 6,289.5 6,117.6 5,631.6 5,620.6 5,639 5,413.2 5,312.9 5,244.7 5,090.9 5,018.9 4,917.5 4,890.9 4,880.9 4,676.3 4,558.7 4,583.7 4,594.9 4,622.8 4,601.9 2,671.5 2,289.7 2,305.0 2,248.7 2,213.5 2,202.3
Current Liabilities
Account Payables 168.6 208.7 174.6 174.9 165 208.7 170.8 174 174.1 171.8 148.8 131.5 144.4 151.6 138.4 126.4 122.9 124.9 116.5 109.1 96 100.2 90.3 104.7 106.8 96.7 85.1 71.7 69.7 83.3 77.0 76.2 81.0 84.7 73.3 48.2 47.6 49.8 44.5 43.9 45.6
Short-Term Debt 142.6 142 144.3 110 69.6 101.4 97.3 92.4 115 73.3 37.4 43.8 100.9 62.8 96.4 68.3 68 60.4 60.8 69.6 61.2 64.4 61.1 63.5 60.3 56 51.3 44.2 57.1 55.6 54.1 53.6 54.4 58.7 48.5 29.9 28.7 27.8 29.1 28.7 27.2
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 3.2 0 21.4 46.5 64.4 81.8 78.6 109 109.8 0 0 0 0 (172.2) (163.8) (163.4) (138.8) 0 0 (135.3) (143.4) 137.6 (78.1) 100.2 (77.6) 87.5 89.0 86.1
Other Current Liabilities 193.4 199.9 197.2 15.3 59.3 24.8 27.7 62 165.7 23.9 67.9 70.1 162 49.1 143.5 42.3 42.7 47.3 49.7 51.7 42.9 38.1 193.7 176.7 52.3 22.5 163.4 159.1 155.2 135.2 29.2 28.8 26.0 19.5 43.7 33.6 36.9 25.7 29.2 32.3 52.0
Total Current Liabilities 581.7 615.5 586 573.3 569.4 624.4 575.2 551.8 523.4 523 501.4 458.6 475.1 493.4 624.3 521.7 542.3 536.8 540.5 531.9 574.8 556.8 590.9 571.2 411.7 398.1 381.5 368.8 359.6 349.3 295.6 296.8 285.8 303.0 275.0 186.0 196.5 186.7 178.7 182.4 183.8
Non-Current Liabilities
Long-Term Debt 2,727.1 2,706.4 2,590.4 3,465.2 2,626.4 3,268.9 3,094.2 3,039.7 2,115.5 2,701.8 2,047 2,030.4 1,998.8 2,559 2,582.6 3,019.4 3,025.2 2,878.4 2,791.9 2,786.1 2,789.5 2,792.4 2,583.9 2,447 2,457.1 2,524.7 2,403 2,261.3 2,384.6 2,254.4 2,118.6 2,122.6 2,122.4 2,130.6 2,144.9 1,795.3 1,396.0 1,414.4 1,357.8 1,325.8 1,328.7
Deferred Tax Liabilities 52.1 175.7 42.6 37.4 0 39.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 109.2 0 0 0 0 0 0 0 122.4 123.3 119.7 119.7
Other Non-Current Liabilities 41.6 41.2 38.1 36.3 61.7 30.2 30.3 21.1 46.3 41.1 55.6 52.6 80.2 75.4 52.1 96.4 95.8 87 124.4 151.7 126.1 139.7 59.6 58.7 54 113.6 144.9 132 114.3 69.2 109.2 115.7 114.3 100.9 114.5 145.0 144.4 198.6 212.5 34.2 214.6
Total Non-Current Liabilities 3,979.1 4,099.7 3,807.6 3,802.6 3,793.3 3,630.4 3,410.9 3,318.4 3,090.6 2,991.8 2,960 2,851.1 2,879.9 2,905.8 3,468.0 3,387.6 3,393.1 3,281 3,228.7 3,248.6 3,211 3,233 3,192.3 3,048.7 3,035.5 2,921.4 2,829.3 2,784.5 2,754.6 2,542.1 2,365.9 2,368.9 3,004.3 2,983.2 2,349.4 2,170.0 1,594.3 1,613.0 1,570.3 1,534.8 1,543.3
Total Liabilities 4,560.8 4,715.2 4,393.6 4,375.9 4,362.7 4,254.8 3,986.1 3,870.2 3,614 3,514.8 3,461.4 3,309.7 3,355 3,399.2 4,092.3 3,909.3 3,935.4 3,817.8 3,769.2 3,780.5 3,785.8 3,789.8 3,783.2 3,619.9 3,447.2 3,319.5 4,917.5 4,890.9 4,880.9 4,676.3 2,661.5 2,665.7 4,594.9 4,622.8 2,624.4 2,671.5 1,790.7 2,305.0 1,749.0 1,717.2 1,727.1
Stockholders' Equity
Common Stock 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 0.9 0.9 0.9 0.9 0.8 0.8 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Retained Earnings (851.1) (815.2) (800.2) (777.5) (775) (737.3) (628.8) (597.1) (581.6) (569.2) (568.2) (563.3) (582.3) (557.3) (533.9) (508.9) (490.5) (502.7) (502.6) (479.7) (452.8) (431.8) (437.3) (375.7) (343.2) (315.7) (284.6) (268.9) (249.1) (247.0) (99.3) (78.3) (58.8) (41.3) (9.1) (318.6) (314.1) (311.4) (328.2) (325.9) (328.0)
Accumulated Other Comprehensive Income (10.5) (13.8) (14.4) (13.3) (11.8) 4.8 10.5 37.1 52 57.5 77 78.8 64.9 76.2 82.8 44.3 25.3 (31.5) (47.9) (54.4) (54.6) (61) (65.3) (68.6) (75.9) (50.7) (57.5) (50.7) (33.9) (22.4) (1.4) 0 (31.5) (19.7) (2.7) (115.4) (91.5) (86.4) (86.7) (81.4) (75.1)
Total Stockholders' Equity 1,688 1,712.9 1,729.5 1,748.3 1,740.4 1,789.7 1,896.5 1,952.4 1,967.3 1,987.2 2,004.6 2,018.2 1,962 1,998.2 1,172.9 1,155.1 1,160.9 1,089 756.3 765.1 776.2 550.1 525.4 618.6 641.2 691.8 328.7 358.7 391.4 404.6 922.0 940.7 630.7 654.7 1,022.3 6.3 8.2 9.7 (8.3) (6.6) (9.9)
Total Liabilities & Equity 8,042.1 8,242 7,946.6 7,954.8 7,949.2 7,890 7,534.4 7,488.6 6,975.6 6,876.7 6,780.1 6,620.6 6,643.3 6,682.1 6,536.5 6,291.6 6,289.5 6,117.6 5,631.6 5,620.6 5,639 5,413.2 5,312.9 5,244.7 5,090.9 5,018.9 4,917.5 4,890.9 4,880.9 4,676.3 4,558.7 4,583.7 4,594.9 4,622.8 4,601.9 2,671.5 2,289.7 2,305.0 2,248.7 2,213.5 2,202.3
Debt Metrics
Total Debt 4,028 4,024.8 3,871.2 3,878.5 3,875.1 3,703.4 3,519.3 3,429 3,159.3 3,061.6 3,002.2 2,900.4 2,900.6 2,929.7 3,569.6 3,395.2 3,400.5 3,294.5 3,205.6 3,205.6 3,185.7 3,196.9 3,232.1 3,091.3 3,078.7 2,901.1 2,771.5 2,744.6 2,734 2,476.3 2,310.8 2,306.9 2,176.8 2,189.3 2,291.3 1,825.2 1,478.6 1,496.6 1,441.7 1,409.7 1,411.5
Net Debt 3,845.7 3,784.9 3,667.8 3,628.4 3,645.8 3,433.9 3,297.5 3,215.5 2,974.1 2,865.7 2,766.2 2,723 2,655.1 2,646.8 3,414.8 3,167.8 3,021.6 2,904.6 2,875.2 2,740.8 2,643.8 2,879 2,782.1 2,765 2,884.1 2,808.4 2,660.2 2,627.2 2,591.5 2,292.0 2,231.7 2,210.8 2,064.0 2,014.4 2,091.6 1,768.2 1,422.7 1,426.9 1,386.5 1,358.1 1,276.4
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 (35.9) 0 25.3 0 (0.3) (46.6) 6.4 (15.5) 24.3 (1) (4.9) 57.7 1.2 23.3 5.6 15.3 42.8 42.9 8.2 (26.9) 10.8 47.9 (34.3) (3.9) (8.4) 22.6 10.9 8.1 3.5 (107.1) 2.0 4.3 5.1 (32.2) (13.6) 11.6 14.4 38.1 14.3 22.3 10.4
Depreciation & Amortization 38.5 0 39.5 0 36.3 33.9 50.2 34.8 33.7 31.1 28.9 24.4 33.7 29.6 29.8 28 27.4 22.7 25.2 35.4 25.7 25.5 24.1 23.4 21.8 (8.6) 47.2 19.1 18.8 18.1 16.9 16.8 15.6 6.0 10.9 11.4 11.1 10.6 9.7 9.7 9.6
Stock-Based Compensation 5.8 0 2.6 0 7.6 6.2 7.1 0 4.9 4.5 0 4.6 4.2 5.4 5 4.3 3.7 4 4.1 0 5.2 3.3 3 3.4 3.5 2.6 2.7 3 1.9 3.0 1.5 2.8 2.0 0.2 3.3 1.4 0.6 0.7 0.7 0.5 0.1
Change in Working Capital (49.6) (18.4) (18.4) (16.7) (56.9) (31.5) (28.2) (21.5) (37.7) (65.7) 21.8 (29.8) 11.4 (89.5) (23.1) (25.8) (8.8) (55) (42.1) (57.4) (1.7) (72.7) (10.6) 146.1 13.1 (47.8) 12.1 (17.5) (15.6) 51.1 (20.6) 3.0 (0.4) (38.4) 3.4 (11.6) (1.6) (19.0) (22.7) 7.4 (9.2)
Other Non-Cash Items 52.9 121.8 29.5 98 19.6 28.2 27 79.9 13 84.6 58.1 4.9 25.8 28.9 4.9 16.4 13.7 (6.1) 18.6 54.3 10.3 11.5 43.6 13.8 14.7 52.2 (18.1) 13.3 10.6 64.6 23.9 10.2 6.4 90.9 6.0 8.7 8.5 (3.0) 18.7 6.5 12.9
Operating Cash Flow 11.7 103.4 83.6 81.3 6 111.4 65.2 82.8 40.7 62.6 104.6 52.1 74.5 7.2 29.7 42.1 79.8 19.7 14.9 2.3 50.2 8.9 26.9 181.9 29.2 25.4 56.9 26.7 20.5 45.5 29.4 39.6 30.1 54.4 10.0 21.6 34.9 32.4 18.8 48.8 25.2
Investing Activities
Capital Expenditure (16) (12.8) (19.8) (23.4) (22.7) (22.3) (20.2) (26.9) (21) (19.8) (18.9) (25.8) (24.3) (22.7) (17.3) (22.4) (18.2) (14.1) (15.5) (13.5) (14.5) (15.1) (7.9) (8.1) (11.8) (23.4) (18.4) (20) (11.8) (13.2) (10.7) (6.0) (10.0) (9.0) (5.5) (8.8) (6.3) (10.7) (8.0) (8.5) (11.8)
Acquisitions (4.2) (109.5) (0.8) (4) (44) (87) (24.9) (210) (56.6) (31.2) (5.6) (41.6) (50.3) (62.5) (37) (109.6) (19.6) (179.4) (85.8) (12.9) (2.1) (90.4) (1.8) (6.9) (5.5) 17.6 (0.6) (20.8) (7.6) (50.4) 0.5 (12.1) (25.6) (28.1) (712.9) (13.9) (0.3) (19.6) (13.0) (106.0) (7.0)
Purchases of Investments 0 0.1 0 0 (3.8) 0 0 0.3 0 (0.1) (1.8) 0 0 (29.3) 0 (65.8) (11.5) 0 0 0 0 (15.2) 0 0 0 (15.2) 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 4 0 0.4 1 0 0 1.3 0 11.5 11.5 0 0 0 0 105.6 0 0 0 15.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 6.8 (3.9) (25.6) 29.5 (5.9) (2.4) (4.5) (11.5) (5.5) (7.4) (0.3) (3.8) 3.9 41 0 52 (9.3) 3.5 0.3 0 2.3 (80.1) 39 0.2 9.6 (17.6) 0.1 16.3 1 1.4 (1.6) (0.4) (0.8) 1.2 (747.7) 0.1 0 (19.6) 0 0 0
Investing Cash Flow (13.4) (126.1) (46.2) 2.1 (76.4) (111.7) (49.6) (244.1) (83.1) (58.1) (25.6) (71.2) (70.7) (72.2) (54.3) (134.3) (47.1) (190) (101) (26.4) (14.3) (95.2) 29.3 (14.8) (7.7) (23.4) (18.9) (24.5) (18.4) (62.3) (11.8) (18.4) (36.4) (35.9) (718.4) (22.6) (6.6) (30.4) (21.0) (114.5) (18.9)
Financing Activities
Net Debt Issuance 1.2 110.6 (33.1) (11.5) 94.3 95.4 33.4 234.4 72.3 7.2 17.2 (5) 0 (613.9) (9.4) (15.8) (5.1) (8.4) (6.7) (20.3) (16) (17.6) 125.3 (6.7) 105.6 9.7 (9.7) 8.8 (10.5) 157.2 (8.1) (8.1) (15.9) (13.4) 631.2 28.1 (22.2) 50.0 25.7 (4.3) 100.1
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 0 0 0 0 2.0 0 0 (2) (2.0) 316.6 0 0 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 (5.1) 0 0 0 0 0 0 0 0 0 0 (3.9) (3.9) (1.3) 0 0 0 0 0 0 0
Other Financing Activities (57.1) (51.4) (51) (51.1) (64.1) (47.4) (40.7) (44.8) (40.6) (51.8) (37.6) (44) (41.2) (75.9) (38.6) (43.5) (38.6) (82.7) (41.6) (32.6) (52) (28.2) (57.8) (28.7) (25.2) (30.3) (34.4) (36.1) (33.4) (35.3) (26.6) (25.9) (33.9) (26.7) 219.8 (26.0) (19.8) (37.5) (19.8) (13.5) (29.3)
Financing Cash Flow (55.9) 59.2 (84.1) (62.6) 30.2 48 (7.3) 189.6 31.7 (44.6) (20.4) (49) (41.2) 193.1 (48) (59.3) (43.7) 229.8 (48.3) (53) 187.8 (45.8) 67.5 (35.4) 80.4 (20.6) (44.1) (27.3) (43.9) 122 (34.7) (37.9) (55.7) (43.3) 851.0 2.0 (42.0) 12.5 5.8 (17.7) 70.7
Cash Position
Net Change in Cash (57.6) 36.5 (46.7) 20.8 (40.2) 47.7 8.3 28.3 (10.7) (40.1) 58.6 (68.1) (37.4) 128.1 (72.6) (151.5) (11) 59.5 (134.4) (77.1) 223.7 (132.1) 123.7 131.7 101.9 (18.6) (6.1) (25.1) (41.8) 105.2 (16.9) (16.7) (62.1) (130.0) 357.2 1.1 (13.7) 14.5 3.6 (83.4) 77.1
Cash at Beginning 239.9 203.4 250.1 229.3 269.5 221.8 213.5 185.2 195.9 236 177.4 245.5 282.9 154.8 227.4 378.9 389.9 330.4 464.8 541.9 318.2 450.3 326.6 194.9 93 111.6 117.7 142.8 184.6 79.4 96.4 113.1 175.2 199.7 57.3 56.0 69.7 55.2 51.6 135.0 57.9
Cash at End 182.3 239.9 203.4 250.1 229.3 269.5 221.8 213.5 185.2 195.9 236 177.4 245.5 282.9 154.8 227.4 378.9 389.9 330.4 464.8 541.9 318.2 450.3 326.6 194.9 93 111.6 117.7 142.8 184.6 79.4 96.4 113.1 69.7 414.5 57.0 56.0 69.7 55.2 51.6 135.0
Free Cash Flow (4.3) 90.6 63.8 57.9 (16.7) 89.1 45 55.9 19.7 42.8 85.7 26.3 50.2 (15.5) 12.4 19.7 61.6 5.6 (0.6) (11.2) 35.7 (6.2) 19 173.8 17.4 2 38.5 6.7 8.7 32.4 18.7 33.6 20.1 45.5 4.5 12.8 28.5 21.6 10.8 40.2 13.4
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 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 810.9 885 821.5 826.2 776 864.4 770.4 762.1 717.4 735.4 674.1 667.6 666.2 707.1 620.6 615.4 596.2 610.2 559.2 543.3 512.4 548.3 496.1 374.7 441 517.2 452 445.4 416.8 491.2 443.9 444.8 417.4 460.3 288.4 286.2 306.0 282.7 289.7 267.1 263.3 239.6 232.8 224.1 179.7 76.3 75.1 69.2
Gross Profit 121.7 212.2 195.3 195.6 161.9 233.6 177.5 179.2 155.3 193.6 165.8 154.1 134 184.3 131.2 134.6 124.8 147.1 122.5 118.3 103.5 135.4 114.2 55.4 74.8 129.2 98.9 105 90.7 131.4 109.6 104.7 90.1 121.6 71.9 74.2 91.8 81.3 80.8 70.4 80.1 70.8 71.3 68.4 59.1 30.9 29.9 26.1
Operating Income 82.4 110.2 105.7 111.7 61.9 127.1 60.9 84.8 76 101.4 82.6 97.6 46.4 94.2 74.1 76.5 100.4 114.8 63.6 59.5 64.3 96.3 18.5 44.7 23.5 71.8 59 55.5 49.6 (51.9) 45.0 43.6 41.2 80.3 37.7 41.7 68.4 42.8 50.9 34.3 21.1 44.3 41.0 38.4 (3.7) 19.7 20.6 16.4
Net Income (35.9) (15) (22.7) (2.5) (37.7) (108.5) (31.7) (15.5) (12.4) (1) (4.9) 18.9 (24.9) (23.4) (25) (18.4) 12.2 (0.1) (22.9) (26.9) (21) 5.5 (61.6) (32.5) (27.5) (18.2) (15.7) (19.8) (20.1) (147.7) (21.0) (19.5) (17.5) (32.2) (4.5) (2.8) 16.9 (2.3) 2.1 (7.2) 16.7 (3.1) (5.4) (6.8) (54.3) (6.9) (0.6) (4.1)
EPS (Diluted) -0.28 -0.11 -0.18 -0.02 -0.30 -0.86 -0.25 -0.12 -0.10 -0.01 0.29 0.15 0.01 0.23 -0.28 0.17 0.47 -0.00 -0.28 -0.39 -0.38 -0.10 -1.26 -0.67 -0.57 -0.38 -0.32 -0.41 -0.42 -3.07 -0.44 -0.41 -0.36 -0.67 -0.09 -0.06 0.35 -0.05 0.04 -0.15 0.35 -0.06 -0.11 -0.14 -1.13 -0.14 -0.01 -0.08
Balance Sheet
Cash & Equivalents 182.3 239.9 203.4 250.1 229.3 269.5 221.8 213.5 185.2 195.9 236 177.4 245.5 282.9 154.8 227.4 378.9 389.9 330.4 464.8 541.9 317.9 450 326.3 194.6 92.7 111.3 117.4 142.5 184.3 79.1 96.1 112.8 174.9 199.7 57.0 56.0 69.7 55.2 51.6 135.0
Total Assets 8,042.1 8,242 7,946.6 7,954.8 7,949.2 7,890 7,534.4 7,488.6 6,975.6 6,876.7 6,780.1 6,620.6 6,643.3 6,682.1 6,536.5 6,291.6 6,289.5 6,117.6 5,631.6 5,620.6 5,639 5,413.2 5,312.9 5,244.7 5,090.9 5,018.9 4,917.5 4,890.9 4,880.9 4,676.3 4,558.7 4,583.7 4,594.9 4,622.8 4,601.9 2,671.5 2,289.7 2,305.0 2,248.7 2,213.5 2,202.3
Total Debt 4,028 4,024.8 3,871.2 3,878.5 3,875.1 3,703.4 3,519.3 3,429 3,159.3 3,061.6 3,002.2 2,900.4 2,900.6 2,929.7 3,569.6 3,395.2 3,400.5 3,294.5 3,205.6 3,205.6 3,185.7 3,196.9 3,232.1 3,091.3 3,078.7 2,901.1 2,771.5 2,744.6 2,734 2,476.3 2,310.8 2,306.9 2,176.8 2,189.3 2,291.3 1,825.2 1,478.6 1,496.6 1,441.7 1,409.7 1,411.5
Stockholders' Equity 1,688 1,712.9 1,729.5 1,748.3 1,740.4 1,789.7 1,896.5 1,952.4 1,967.3 1,987.2 2,004.6 2,018.2 1,962 1,998.2 1,172.9 1,155.1 1,160.9 1,089 756.3 765.1 776.2 550.1 525.4 618.6 641.2 691.8 328.7 358.7 391.4 404.6 922.0 940.7 630.7 654.7 1,022.3 6.3 8.2 9.7 (8.3) (6.6) (9.9)
Cash Flow
Operating Cash Flow 11.7 103.4 83.6 81.3 6 111.4 65.2 82.8 40.7 62.6 104.6 52.1 74.5 7.2 29.7 42.1 79.8 19.7 14.9 2.3 50.2 8.9 26.9 181.9 29.2 25.4 56.9 26.7 20.5 45.5 29.4 39.6 30.1 54.4 10.0 21.6 34.9 32.4 18.8 48.8 25.2
Capital Expenditure (16) (12.8) (19.8) (23.4) (22.7) (22.3) (20.2) (26.9) (21) (19.8) (18.9) (25.8) (24.3) (22.7) (17.3) (22.4) (18.2) (14.1) (15.5) (13.5) (14.5) (15.1) (7.9) (8.1) (11.8) (23.4) (18.4) (20) (11.8) (13.2) (10.7) (6.0) (10.0) (9.0) (5.5) (8.8) (6.3) (10.7) (8.0) (8.5) (11.8)
Free Cash Flow (4.3) 90.6 63.8 57.9 (16.7) 89.1 45 55.9 19.7 42.8 85.7 26.3 50.2 (15.5) 12.4 19.7 61.6 5.6 (0.6) (11.2) 35.7 (6.2) 19 173.8 17.4 2 38.5 6.7 8.7 32.4 18.7 33.6 20.1 45.5 4.5 12.8 28.5 21.6 10.8 40.2 13.4