TransDigm Group Incorporated logo TDG - TransDigm Group Incorporated

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 22
HOLD 17
SELL 0
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SELL
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| PRICE TARGET: $1,569.30 DETAILS
HIGH: $1,871.00
LOW: $1,350.00
MEDIAN: $1,562.50
CONSENSUS: $1,569.30
UPSIDE: 29.32%
Metric 2026 Q2 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 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 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1
Revenue
Revenue 2,544 2,285 2,437 2,237 2,150 2,006 2,186 2,046 1,919 1,789 1,852 1,744 1,592 1,397 1,510 1,398 1,327 1,194 1,279 1,218 1,194 1,108 1,173 1,022 1,443 1,465 1,540.9 1,521 1,168 993.3 1,049.4 980.7 933.1 848.0 923.9 897.7 873.2 814.0 875.2 797.7 796.8 809.8 691.4 619.0 586.9 642.2 610.6 590.8 529.3 539.7 488.6 465.6 430.4 462.6 461.7 423.5 352.5 343.0 325.2 311.3 240.0 223.1 214.2 0.2 184.3 197.4 189.9 193.0 181.3 189.2 186.1 175.3 163.1 168.0 157.6 144.4 122.7 115.9 110.9 108.3 100.1
Cost of Revenue 1,033 989 967 905 876 771 927 826 767 747 760 715 663 604 624 582 591 533 554 563 602 567 637 531 625 664 720.5 833 540 447.5 465.6 426.9 413.9 387.5 409.9 400.2 403.3 394.8 414.9 354.2 371.1 382.2 331.9 277.4 265.7 293.6 283.1 283.2 245.2 257.0 219.7 206.3 191.9 205.8 208.4 187.4 152.9 149.9 142.1 152.8 112.3 90.7 91.7 0.1 81.2 89.0 82.0 84.2 77.0 85.8 85.6 81.4 75.0 80.0 75.4 69.4 59.1 57.4 53.7 51.8 50.9
Gross Profit 1,511 1,296 1,470 1,332 1,274 1,235 1,259 1,220 1,152 1,042 1,092 1,029 929 793 886 816 736 661 725 655 592 541 536 491 818 801 820.5 688 628 545.8 583.8 553.8 519.2 460.4 514.0 497.4 470.0 419.2 460.3 443.5 425.7 427.6 359.5 341.6 321.2 348.6 327.5 307.6 284.1 282.7 269.0 259.3 238.5 256.8 253.3 236.0 199.6 193.0 183.1 158.6 127.7 132.4 122.4 0.1 103.1 108.4 107.9 108.8 104.3 103.4 100.5 93.9 88.1 88.1 82.3 75.1 63.6 58.5 57.1 56.5 49.2
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 48.3 0 0 0 42.3 0 0 0 32.1 0 0 0 27.9 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
SG&A Expenses 273 254 248 236 231 207 252 227 237 219 199 203 196 169 206 181 177 166 149 168 152 182 176 147 172 200 198.2 214 139 116.3 122.2 109.3 105.6 105.4 107.3 105.0 98.7 100.2 111.3 94.2 95.1 98.3 81.8 70.5 67.5 76.7 71.1 71.5 57.1 61.1 82.8 55.5 55.2 54.3 56.1 49.5 41.9 38.5 31.5 33.8 101.8 25.5 23.3 0.0 22.5 22.1 19.3 20.4 18.2 19.1 19.3 18.4 17.9 18.8 17.3 14.6 12.1 11.2 11.5 12.4 13.1
Other Expenses 60 0 61 57 52 54 64 59 48 36 37 43 38 34 39 36 39 40 41 40 46 44 48 58 54 41 0 0 0 0 0 0 0 0 0 0 0 0 0 18.6 18.5 16.3 13.9 11.0 13.0 13.2 16.4 17.6 16.4 15.9 9.5 9.7 10.5 11.1 11.3 9.3 12.4 12.2 12.4 11.6 4.4 3.6 3.8 3.5 4.1 3.8 3.3 3.6 3.2 3.2 2.7 2.8 3.3 3.7 3.6 3.4 1.6 1.7 49.9 1.4 2.0
Operating Expenses 333 254 309 293 283 261 316 286 285 255 236 246 234 203 245 217 216 206 190 208 198 226 224 205 226 241 198.2 214 139 116.3 122.2 109.3 105.6 105.4 107.3 105.0 98.7 100.2 111.3 112.9 113.6 114.5 95.8 81.5 80.5 89.9 87.5 89.1 73.5 76.9 92.3 65.2 65.7 65.4 67.4 58.8 54.3 50.6 44.0 45.4 106.2 29.1 27.2 0.0 26.6 25.9 22.7 24.0 21.4 22.3 22.1 21.1 21.2 22.5 20.9 18.0 13.8 12.9 61.4 13.9 15.1
Operating Income
Operating Income 1,178 1,042 1,161 1,039 991 974 943 934 867 787 856 783 695 590 641 599 520 455 535 447 394 315 312 286 592 560 622.3 474 489 429.5 461.6 444.5 413.6 355.0 406.7 392.4 371.3 319.0 349.0 330.6 312.1 313.1 263.7 256.6 240.7 258.7 240.0 218.5 210.6 205.8 176.7 194.1 172.8 191.4 185.9 177.2 145.3 142.4 139.2 113.2 21.6 103.3 95.3 0.1 76.5 82.5 85.2 84.8 82.9 81.2 78.4 72.8 66.9 65.5 61.3 57.1 49.9 45.5 (4.3) 42.6 34.3
Interest Expense 484 475 420 397 378 378 342 346 354 300 307 323 300 290 276 269 266 264 262 276 292 267 269 262 254 269 251.4 240 204.7 171.4 173.7 171.7 161.9 162.0 160.5 152.5 151.3 175.0 139.9 120.8 111.3 113.2 106.8 99.9 98.9 96.9 87.6 82.3 80.9 81.2 62.5 64.1 62.9 55.2 55.4 52.3 49.1 48.7 49.9 54.1 32.6 27.1 28.2 0.0 28.5 19.6 21.2 21.6 22.0 92.7 21.8 24.0 24.5 91.8 0 22.6 17.8 37.8 19.5 19.4 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 0 0 0 0 0 0 0 0 0 0 0 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 1,238 1,147 1,269 1,124 1,089 1,087 1,041 994 917 859 911 830 758 650 703 642 588 522 613 571 464 378 415 366 661 610 706.3 486 506.4 456.5 489.9 471.0 439.9 383.5 439.4 424.4 401.2 352.0 385.6 344.6 312.1 245.1 272.5 275.6 240.7 184.0 269.1 218.5 210.6 155.9 176.7 180.2 172.8 140.8 185.9 177.2 145.3 160.0 156.7 128.3 30.2 110.9 99.1 0.1 76.5 89.7 85.2 91.7 82.9 85.5 78.4 72.8 66.9 73.4 61.3 57.1 49.9 50.3 23.2 42.6 39.5
EBIT 1,178 1,047 1,173 1,032 1,000 997 948 918 845 788 842 760 692 587 638 581 526 457 548 507 398 320 343 296 589 541 618.6 423 467.7 421.2 455.6 437.3 409.1 353.0 407.9 388.3 366.4 313.9 349.0 315.0 312.1 312.8 245.5 256.6 240.7 258.6 108.5 218.5 210.6 205.8 176.7 163.8 172.8 191.4 185.9 177.2 145.3 142.4 139.1 111.6 21.6 103.3 95.3 88.1 76.5 82.5 85.2 84.8 82.9 81.2 78.4 72.8 66.9 65.5 61.3 57.1 49.9 45.5 (4.3) 42.6 34.2
Income Before Tax 700 572 753 635 622 619 605 602 519 488 550 469 397 301 361 312 260 193 287 244 130 53 76 34 337 293 367.2 183 263 249.8 281.9 265.5 247.2 191.0 247.5 235.8 215.0 138.9 209.1 194.2 200.8 199.7 138.7 156.7 141.7 161.7 20.9 136.2 129.8 124.5 114.3 99.7 110.0 136.3 130.5 124.9 96.2 93.7 89.3 57.4 (11.0) 76.2 67.1 0.1 47.9 63.0 64.0 63.1 60.9 58.9 56.6 48.8 42.4 40.1 35.4 34.5 32.1 27.5 (23.8) 23.2 14.5
Income Tax Expense 164 127 144 142 143 126 138 141 115 106 136 117 93 72 96 73 61 30 79 (73) 25 3 (25) 39 14 59 50.1 55 63 53.7 51.6 48.1 45.3 (121.0) 63.3 66.0 59.5 20.1 54.4 53.6 62.2 58.0 39.6 45.8 46.2 47.4 4.7 45.9 43.6 40.5 37.6 31.8 35.8 48.4 40.0 43.4 31.1 29.3 30.9 20.7 (3.6) 25.6 23.1 0.0 17.2 21.4 22.6 22.8 21.3 20.9 20.6 16.6 15.4 15.4 13.3 13 11.7 12.3 (10.4) 8.9 5.6
Net Income 535 386 610 492 479 493 468 461 403 382 415 351 304 228 266 238 199 163 209 317 104 50 82 (6) 319 304 260.2 145 202 171.7 230.3 217.4 201.4 258.6 90.2 169.1 155.5 22.9 154.7 160.6 141.7 141.7 99.1 110.9 92.2 108.2 16.2 84.9 82.0 84.0 76.7 67.9 74.2 87.9 90.4 81.6 58.5 67.4 56.3 55.8 (7.3) 50.6 44.0 0.0 0.4 41.6 41.4 40.3 39.6 38.0 36.0 32.2 27.0 24.7 22.1 21.5 20.3 15.2 (13.4) 14.3 9.0
Per Share Data
EPS (Basic) 9.20 6.62 7.75 8.47 8.24 7.62 5.79 7.96 6.97 4.87 7.23 6.14 5.32 3.33 3.98 4.10 3.38 1.98 3.58 5.43 1.78 -0.42 1.76 -0.10 5.61 0.99 4.62 2.58 3.59 3.05 4.14 3.91 3.62 4.65 1.65 3.08 2.78 0.41 2.77 2.52 2.47 2.50 1.75 1.96 1.69 2.01 0.28 1.58 1.51 1.48 1.41 1.25 1.36 1.63 1.68 1.51 1.21 1.25 1.06 1.05 -0.14 0.95 0.83 0.00 0.01 0.79 0.79 0.77 0.75 0.78 0.75 0.68 0.57 0.52 0.48 0.48 0.45 0.34 -0.30 0.32 0.20
EPS (Diluted) 9.20 6.62 7.75 8.47 8.24 7.62 5.79 7.96 6.97 4.87 7.23 6.14 5.32 3.33 3.98 4.10 3.38 1.98 3.58 5.43 1.78 -0.42 1.76 -0.10 5.61 0.99 4.62 2.58 3.59 3.05 4.14 3.91 3.62 4.65 1.65 3.08 2.78 0.41 2.77 2.52 2.47 2.50 1.75 1.96 1.69 2.01 0.28 1.58 1.51 1.48 1.41 1.25 1.36 1.63 1.68 1.51 1.21 1.25 1.06 1.05 -0.14 0.95 0.83 0.00 0.01 0.79 0.79 0.77 0.75 0.75 0.72 0.64 0.54 0.49 0.45 0.45 0.43 0.32 -0.30 0.30 0.19
Shares Outstanding 58.2 58.2 58.1 58.1 58.1 58.3 58 57.9 57.8 57.7 57.3 57.2 57.1 57.1 56.8 58 58.9 59.2 58.4 58.4 58.4 54.7 57.3 57.3 57.4 57.4 56.3 56.3 56.3 56.3 55.6 55.6 55.6 55.6 54.8 54.9 55.9 56.5 55.8 55.8 56.1 56.6 56.6 56.6 56.6 56.7 57.2 57.1 57.0 56.9 54.5 54.5 54.5 53.9 53.9 53.9 53.9 53.3 53.3 53.3 53.3 52.9 52.9 52.9 52.9 52.6 52.4 52.4 52.8 48.6 48.1 47.6 47.2 47.2 45.8 45.0 44.8 44.8 44.6 44.3 44.2
Metric 2026 Q2 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 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3
Current Assets
Cash & Cash Equivalents 3,884 2,528 2,808 2,792 2,426 2,459 6,261 3,360 4,288 4,135 3,472 3,071 3,418 3,288 3,001 3,808 4,216 4,813 4,787 4,529 4,072 4,907 4,717 4,549 2,668 4,194 1,467.5 2,716.8 2,441.3 2,337.3 2,073.0 1,853.4 1,011.0 857.9 650.6 970.6 985.4 972.4 1,587.0 1,666.7 612.0 187.3 162.0 190.2 154.6 149.3 120.2
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 0 0 0 0 0 0
Net Receivables 1,720 1,564 1,617 1,518 1,442 1,285 1,381 1,300 1,201 1,145 1,230 1,159 1,018 860 967 883 794 673 791 694 682 627 720 726 999 1,025 1,068 1,162.3 1,141.2 657.7 704.3 658.2 645.0 556.7 636.1 606.0 574.0 512.8 576.3 525.8 480.6 112.3 103.4 106.4 99.9 103.1 91.0
Inventory 2,400 2,373 2,095 2,083 2,010 1,930 1,876 1,878 1,753 1,708 1,616 1,603 1,529 1,439 1,332 1,320 1,242 1,215 1,185 1,225 1,240 1,284 1,283 1,344 1,313 1,294 1,232.6 1,413.9 1,453.0 838.7 805.3 815.3 767.2 743.9 730.7 743.6 725.0 715.4 724.0 706.1 634.1 174.2 175.7 167.8 157.5 154.5 121.2
Other Current Assets 575 506 492 522 530 482 511 523 1,040 408 420 419 1,491 0 0 0 0 0 0 0 0 0 0 0 0 0 962 0 387.6 0 0 0 0 76.3 77.5 0 0 0 0 0 0 14.2 17.5 18.7 19.7 19.5 24.7
Total Current Assets 8,579 6,971 7,012 6,915 6,408 6,156 10,029 7,061 8,282 7,396 6,738 6,252 7,456 5,929 5,649 6,308 6,564 6,971 7,030 6,723 6,358 7,074 6,960 6,771 5,200 6,652 4,865.2 5,411.2 5,595.5 3,926.6 3,657.3 3,385.4 2,470.1 2,271.3 2,133.6 2,387.0 2,320.4 2,235.4 2,930.7 2,932.1 1,758 505.9 468.3 494.8 439.9 430.0 360.9
Non-Current Assets
Property, Plant & Equipment 1,678 1,653 1,579 1,540 1,519 1,477 1,488 1,431 1,288 1,335 1,255 983 872 864 807 814 810 794 770 777 790 777 752 744 748 753 757 745.5 737.6 396.0 388.3 380.5 352.5 327.3 324.9 326.3 319.4 314.6 310.6 283.9 275.8 99.3 100.8 96.8 98.2 97.4 87.6
Goodwill 11,038 11,075 10,612 10,548 10,355 10,304 10,419 10,018 9,051 9,036 8,988 9,141 8,743 8,719 8,641 8,728 8,544 8,568 8,568 8,591 8,564 7,927 7,889 7,858 7,846 7,846 7,820.1 8,684.7 8,614.3 6,228.9 6,223.3 6,209.2 5,758.7 5,751.1 5,745.3 5,800.6 5,739.7 5,687.2 5,679.5 5,536.8 4,785.7 1,526.1 1,520.1 1,462.3 1,404.4 1,405.5 1,220.4
Intangible Assets 3,844 3,783 3,454 3,462 3,422 3,360 3,446 3,116 2,709 2,733 2,747 2,945 2,725 2,750 2,750 2,771 2,709 2,752 2,791 2,838 2,875 2,604 2,610 2,634 2,669 2,737 2,743.8 2,734.0 2,724.5 1,772.6 1,788.4 1,715.1 1,700.4 1,697.4 1,717.9 1,752.6 1,748.5 1,735.3 1,764.3 1,778.1 1,505.3 389.0 387.7 372.9 361.4 365.0 336.4
Long-Term Investments 0 118 102 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Assets 303 157 150 235 201 218 204 202 247 185 242 234 212 227 260 198 214 157 156 160 152 157 167 160 159 155 69 64.4 86.3 65.2 140.2 114.3 113.0 65.0 54.0 49.8 59.3 64.6 41.2 39.6 34.7 25.0 27.9 27.7 21.0 22.0 26.2
Total Non-Current Assets 16,863 16,786 15,897 15,785 15,497 15,359 15,557 14,767 13,295 13,289 13,232 13,303 12,552 12,560 12,458 12,511 12,277 12,271 12,285 12,366 12,381 11,483 11,435 11,408 11,435 11,504 11,390 12,291.4 12,201.6 8,462.7 8,540.2 8,419.1 7,924.6 7,840.8 7,842.1 7,929.4 7,866.9 7,801.7 7,795.6 7,638.3 6,601.5 2,039.4 2,036.6 1,959.7 1,885.1 1,889.8 1,670.6
Total Assets 25,442 23,757 22,909 22,700 21,905 21,515 25,586 21,828 21,577 20,685 19,970 19,555 20,008 18,489 18,107 18,819 18,841 19,242 19,315 19,089 18,739 18,557 18,395 18,179 16,635 18,156 16,254.7 17,702.6 17,797.2 12,389.3 12,197.5 11,804.5 10,394.7 10,112.1 9,975.7 10,316.4 10,187.3 10,037.1 10,726.3 10,570.5 8,359.5 2,545.3 2,504.9 2,454.4 2,325.0 2,319.8 2,031.5
Current Liabilities
Account Payables 425 385 368 328 319 315 323 320 302 288 305 292 292 271 279 248 238 212 227 206 214 197 218 231 266 265 276 310.4 318.6 176.0 173.6 155.9 151.7 145.0 148.8 147.1 139.0 129.5 156.1 135.1 125.9 28.3 27.5 44.7 28.2 26.1 24.2
Short-Term Debt 853 849 848 744 743 747 584 528 1,075 530 420 417 1,512 424 426 425 424 426 626 626 626 626 625 629 629 430 430 380.8 748.0 375.5 375.3 375.7 369.0 368.9 369.0 264.1 264.0 264.0 252.4 252.6 243.4 0 0 0 0 0 0
Deferred Revenue 0 164 143 0 0 0 168 0 0 0 79 0 0 0 45 0 0 0 25 0 0 0 18 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 0 1,137 464 0 0 0 520 0 0 0 449 0 0 0 412 0 0 0 499 0 0 0 451 0 0 0 597 0 0 0 200.4 0 0 13.4 191.5 0 0 0 183.5 0 0 0 0 0 0 0 0
Total Current Liabilities 2,440 2,535 2,182 2,211 2,074 2,284 6,339 1,851 2,235 1,818 1,579 1,533 2,522 1,408 1,426 1,344 1,301 1,378 1,663 1,636 1,580 1,563 1,616 1,651 1,656 3,350 1,538.8 1,380.6 1,726.2 951.3 900.4 817.2 812.8 823.4 871.0 730.7 732.6 698.9 752.6 727.3 676.0 91.9 101.4 99.8 81.4 119.4 74.1
Non-Current Liabilities
Long-Term Debt 31,150 29,197 29,167 24,268 24,306 24,302 24,296 21,364 21,331 21,346 19,330 19,348 19,349 19,186 19,369 19,238 19,250 19,388 19,372 19,384 19,402 19,394 19,384 19,410 17,933 17,952 16,469 16,495.9 16,509.2 12,507.6 12,501.9 12,516.0 11,365.8 11,378.3 11,393.6 10,828.2 10,839.3 10,555.9 9,943.2 9,953.1 8,091.9 1,770.6 1,770.1 1,356.8 1,357.0 1,357.1 1,357.9
Deferred Tax Liabilities 715 721 759 766 761 762 766 708 606 611 627 619 599 607 596 588 552 503 485 420 484 437 430 372 385 448 441 641.0 658.2 375.0 399.5 357.7 359.3 339.4 500.9 499.5 518.9 515.7 492.3 513.7 396.5 160.8 164.0 162.7 155.5 154.0 132.3
Other Non-Current Liabilities 531 567 480 451 428 418 468 415 427 416 412 442 431 370 482 398 413 599 705 781 794 884 933 925 866 705 691 495.7 385.9 222.2 204.1 212.1 166.0 170.7 161.3 153.5 135.3 141.2 189.7 184.6 156.9 35.7 28.5 16.0 13.2 13.5 6.2
Total Non-Current Liabilities 32,396 30,485 30,406 25,485 25,495 25,482 25,530 22,487 22,364 22,373 20,369 20,409 20,379 20,409 20,447 20,443 20,433 20,490 20,562 20,585 20,680 20,715 20,747 20,707 19,184 19,105 17,601 17,632.6 17,553.2 13,104.9 13,105.6 13,085.8 11,891.2 11,888.4 12,055.9 11,481.2 11,493.5 11,212.8 10,625.2 10,651.4 8,645.3 1,967.1 1,962.5 1,535.5 1,525.7 1,524.6 1,496.5
Total Liabilities 34,836 33,020 32,588 27,696 27,569 27,766 31,869 24,338 24,599 24,191 21,948 21,942 22,901 21,817 21,873 21,787 21,734 21,868 22,225 22,221 22,260 22,278 22,363 22,358 20,840 22,455 19,139.8 19,013.2 19,279.4 14,056.2 14,005.9 13,903.0 12,704.0 12,711.8 12,926.9 12,211.9 12,226.1 11,911.7 11,377.8 11,378.7 9,321.3 2,059.1 2,063.9 1,635.3 1,607.1 1,644.0 1,570.6
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5
Retained Earnings (9,639) (10,168) (10,606) (5,924) (6,407) (6,877) (7,362) (3,416) (3,870) (4,266) (2,621) (3,034) (3,384) (3,687) (3,914) (3,114) (3,350) (3,545) (3,705) (3,906) (4,215) (4,314) (4,359) (4,427) (4,401) (4,699) (3,120.0) (1,709.8) (1,851.1) (2,050.7) (2,246.6) (2,471.6) (2,684.8) (2,877.0) (3,187.2) (2,088.8) (2,248.6) (2,394.5) (1,147.0) (1,334.8) (1,471.7) 96.8 58.7 450.6 367.6 327.3 131.6
Accumulated Other Comprehensive Income (20) 22 (10) 48 (171) (247) (42) (146) (118) (60) (98) (30) (96) (108) (267) (198) (73) (200) (248) (222) (234) (277) (401) (490) (503) (252) (379.0) (175.8) (157.0) (81.0) 4.1 (23.7) 6.5 (61.7) (85.1) (112.7) (128.8) (139.1) (149.8) (137.5) (109.8) (4.5) (5.2) (5.5) (6.4) (7.5) (0.1)
Total Stockholders' Equity (9,402) (9,270) (9,686) (5,004) (5,671) (6,258) (6,290) (2,518) (3,029) (3,513) (1,984) (2,394) (2,901) (3,336) (3,773) (2,976) (2,899) (2,633) (2,916) (3,138) (3,528) (3,728) (3,972) (4,183) (4,209) (4,303) (2,894.9) (1,321.2) (1,491.8) (1,666.9) (1,808.5) (2,098.5) (2,309.3) (2,599.7) (2,951.2) (1,895.4) (2,038.8) (1,874.6) (651.5) (808.2) (961.8) 486.2 441.0 819.2 717.8 675.8 460.9
Total Liabilities & Equity 25,442 23,757 22,909 22,700 21,905 21,515 25,586 21,828 21,577 20,685 19,970 19,555 20,008 18,489 18,107 18,819 18,841 19,242 19,315 19,089 18,739 18,557 18,395 18,179 16,635 18,156 16,254.7 17,702.6 17,797.2 12,389.3 12,197.5 11,804.5 10,394.7 10,112.1 9,975.7 10,316.4 10,187.3 10,037.1 10,726.3 10,570.5 8,359.5 2,545.3 2,504.9 2,454.4 2,325.0 2,319.8 2,031.5
Debt Metrics
Total Debt 32,003 29,921 30,030 25,012 25,049 25,049 24,899 21,892 22,406 21,876 19,766 19,765 20,861 19,851 19,813 19,884 19,897 19,814 20,018 20,010 20,028 20,020 20,031 20,039 18,562 18,382 16,899 16,876.7 17,257.2 12,883.1 12,877.3 12,891.8 11,734.8 11,747.2 11,762.7 11,092.3 11,103.3 10,819.9 10,195.6 10,205.7 8,335.3 1,770.6 1,770.1 1,356.8 1,357.0 1,357.1 1,357.9
Net Debt 28,119 27,393 27,222 22,220 22,623 22,590 18,638 18,532 18,118 17,741 16,294 16,694 17,443 16,563 16,812 16,076 15,681 15,001 15,231 15,481 15,956 15,113 15,314 15,490 15,894 14,188 15,432 14,159.9 14,815.8 10,545.8 10,804.3 11,038.4 10,723.8 10,889.4 11,112.1 10,121.7 10,117.9 9,847.6 8,608.6 8,539.0 7,723.3 1,583.2 1,608.1 1,166.6 1,202.4 1,207.8 1,237.7
Metric 2026 Q2 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
Operating Activities
Net Income 536 445 609 493 479 493 468 461 403 382 414 352 304 229 265 239 199 164 208 318 105 50 82 (6) 319 305 348.0 144.6 202.6 196.0 228.8 217.2 196.3 314.8 153.5 169.1 155.5 118.9 192.3 140.6 138.6
Depreciation & Amortization 105 111 96 92 89 90 93 85 72 71 69 70 77 63 65 60 62 65 65 64 66 58 72 70 72 69 78.2 71.3 40.8 35.4 34.3 33.9 31.0 30.6 31.2 36.9 34.9 38.0 36.6 29.6 29.3
Stock-Based Compensation 26 27 33 51 48 25 59 48 60 51 26 54 42 35 38 47 43 37 24 35 21 49 34 22 11 26 23.3 32 20 18 22.1 13.7 11.6 11.1 12.8 11.6 11.1 10.0 14.5 11.4 11.8
Change in Working Capital (544) 223 (232) (37) (477) 188 (84) (19) (326) 111 (63) (102) (258) 29 (56) (10) (213) 19 (17) (110) (118) 121 (31) 314 (235) 87 (83.0) (61.4) (144.0) 74.6 23.0 (37.4) (93.0) 102.8 (3.8) (58.5) (51.2) 27.2 (48.2) (7.8) (77.4)
Other Non-Cash Items 12 27 8 33 9 (42) 26 32 21 7 12 33 (35) 21 (18) (27) (3) (5) (11) (69) 29 (9) 24 5 1 (52) (113.9) 116.4 10.6 6.1 8.0 9.9 11.5 3.7 41.1 5.7 13.6 32.1 28.0 (0.3) 0.7
Operating Cash Flow 135 832 507 631 148 752 572 608 229 636 462 406 130 377 273 309 87 279 289 252 98 274 222 397 161 433 247.1 315.4 123.1 329.9 331.3 237.2 160.9 292.8 233.5 164.7 164.7 225.8 224.5 175.3 105.0
Investing Activities
Capital Expenditure (71) (60) (66) (58) (56) (42) (41) (40) (48) (36) (37) (36) (35) (31) (33) (29) (32) (25) (25) (20) (29) (31) (43) (12) (23) (27) (21.2) (37.0) (19.6) (23.8) (23.2) (19.2) (15.6) (15.3) (15.3) (17.2) (16.6) (21.8) (14.0) (7.7) (12.1)
Acquisitions (93) (907) (180) (99) (111) (29) (661) (1,599) (73) (14) (11) (740) 0 (10) (15) (422) 3 0 (12) 224 (918) 2 (904) 904 0 904 (19.2) (387.6) (3,540.7) (28.7) (85.4) (531.9) (50.3) 0 (0.8) (106.3) (78.9) (30.0) (256.1) (998.6) (144.4)
Purchases of 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
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (6) 0 (1) 0 47 0 71 0 0 0 0 0 0 0 0 0 0 0 0 24 0 904 (904) 0 0 188.8 0 0 0 (0.3) 0 57.7 0 0 0 0 0 0 0 0
Investing Cash Flow (164) (973) (246) (158) (167) (24) (702) (1,568) (121) (50) (48) (776) (35) (41) (48) (451) (29) (25) (37) 204 (923) (29) (43) (12) (23) 877 148.4 (424.6) (3,560.3) (52.5) (108.9) (551.2) (8.2) (15.3) (16.1) (123.6) (95.5) (51.8) (270.0) (1,006.3) (156.5)
Financing Activities
Net Debt Issuance 1,952 0 4,914 (57) (22) 163 2,988 (561) 490 2,055 (39) (1,132) 1,047 (49) (19) (18) (19) (219) (19) (37) (50) (19) (40) 1,474 181 1,457 (20) (21) 3,892.0 0 (20.0) 1,155.0 (18.2) (21.8) 568.6 (16.7) 284.9 587.8 0.0 1,853.0 (11.0)
Stock Repurchased (615) (106) 0 (131) (53) (316) 0 0 0 0 0 0 0 0 0 (245) (667) 0 0 0 0 0 0 0 (19) 0 0 0 0 0 0 0 0 0 389.8 (50.0) (339.8) 0 0 0 (137.0)
Dividends Paid 0 (59) (5,233) 0 0 (4,396) 0 0 0 (2,038) 0 0 0 (38) (1,045) 0 0 (46) 0 0 0 (73) 0 0 (1,864) (64) (1,687.9) 0 0 (24.3) 0 0 0 (56.1) (1,205.5) (0.0) (0.0) (1,376.0) 0 0 0
Other Financing Activities (1) (5) 69 59 51 33 31 (3) (2) (2) (2) (7) 86 22 (1) 19 (1) 0 1 (1) 0 0 (2) (1) (9) 21 50.0 0.8 (0.0) 13.9 16.0 6.6 17.2 6.9 95.8 (0.0) (10.6) 3.5 (39.0) 30.7 6.7
Financing Cash Flow 1,390 (141) (231) (129) (24) (4,516) 3,019 (516) 601 67 (5) (1,079) 1,133 (65) (1,032) (244) (647) (225) 4 (1) (13) (60) (15) 1,493 (1,662) 1,414 (1,640.3) (3.2) 3,925.2 (10.4) (4.0) 1,161.6 (1.0) (71.0) (541.1) (61.0) (56.9) (784.7) (34.2) 1,883.7 (141.2)
Cash Position
Net Change in Cash 1,356 (280) 16 366 (33) (3,802) 2,901 (1,478) 703 663 401 (1,447) 1,230 287 (807) (408) (597) 26 258 457 (835) 190 168 1,881 (1,526) 2,727 (1,249.3) (112.1) 491.6 264.3 219.6 842.4 153.1 207.3 (320.0) (14.8) 13.0 (614.6) (79.7) 1,054.7 (193.3)
Cash at Beginning 2,528 2,808 2,792 2,426 2,459 6,261 3,360 4,838 4,135 3,472 3,071 4,518 3,288 3,001 3,808 4,216 4,813 4,787 4,529 4,072 4,907 4,717 4,549 2,668 4,194 1,467 2,716.8 2,828.9 2,337.3 2,073.0 1,853.4 1,011.0 857.9 650.6 970.6 985.4 972.4 1,587.0 1,666.7 612.0 805.3
Cash at End 3,884 2,528 2,808 2,792 2,426 2,459 6,261 3,360 4,838 4,135 3,472 3,071 4,518 3,288 3,001 3,808 4,216 4,813 4,787 4,529 4,072 4,907 4,717 4,549 2,668 4,194 1,467.5 2,716.8 2,828.9 2,337.3 2,073.0 1,853.4 1,011.0 857.9 650.6 970.6 985.4 972.4 1,587.0 1,666.7 612.0
Free Cash Flow 64 772 441 573 92 710 531 568 181 600 425 370 95 346 240 280 55 254 264 232 69 243 179 385 138 406 225.9 278.3 103.5 306.1 308.0 218.0 145.3 277.5 218.2 147.5 148.1 204.0 210.5 167.6 92.9
Key Metrics 2026 Q2 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 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 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1
Income Statement
Revenue 2,544 2,285 2,437 2,237 2,150 2,006 2,186 2,046 1,919 1,789 1,852 1,744 1,592 1,397 1,510 1,398 1,327 1,194 1,279 1,218 1,194 1,108 1,173 1,022 1,443 1,465 1,540.9 1,521 1,168 993.3 1,049.4 980.7 933.1 848.0 923.9 897.7 873.2 814.0 875.2 797.7 796.8 809.8 691.4 619.0 586.9 642.2 610.6 590.8 529.3 539.7 488.6 465.6 430.4 462.6 461.7 423.5 352.5 343.0 325.2 311.3 240.0 223.1 214.2 0.2 184.3 197.4 189.9 193.0 181.3 189.2 186.1 175.3 163.1 168.0 157.6 144.4 122.7 115.9 110.9 108.3 100.1
Gross Profit 1,511 1,296 1,470 1,332 1,274 1,235 1,259 1,220 1,152 1,042 1,092 1,029 929 793 886 816 736 661 725 655 592 541 536 491 818 801 820.5 688 628 545.8 583.8 553.8 519.2 460.4 514.0 497.4 470.0 419.2 460.3 443.5 425.7 427.6 359.5 341.6 321.2 348.6 327.5 307.6 284.1 282.7 269.0 259.3 238.5 256.8 253.3 236.0 199.6 193.0 183.1 158.6 127.7 132.4 122.4 0.1 103.1 108.4 107.9 108.8 104.3 103.4 100.5 93.9 88.1 88.1 82.3 75.1 63.6 58.5 57.1 56.5 49.2
Operating Income 1,178 1,042 1,161 1,039 991 974 943 934 867 787 856 783 695 590 641 599 520 455 535 447 394 315 312 286 592 560 622.3 474 489 429.5 461.6 444.5 413.6 355.0 406.7 392.4 371.3 319.0 349.0 330.6 312.1 313.1 263.7 256.6 240.7 258.7 240.0 218.5 210.6 205.8 176.7 194.1 172.8 191.4 185.9 177.2 145.3 142.4 139.2 113.2 21.6 103.3 95.3 0.1 76.5 82.5 85.2 84.8 82.9 81.2 78.4 72.8 66.9 65.5 61.3 57.1 49.9 45.5 (4.3) 42.6 34.3
Net Income 535 386 610 492 479 493 468 461 403 382 415 351 304 228 266 238 199 163 209 317 104 50 82 (6) 319 304 260.2 145 202 171.7 230.3 217.4 201.4 258.6 90.2 169.1 155.5 22.9 154.7 160.6 141.7 141.7 99.1 110.9 92.2 108.2 16.2 84.9 82.0 84.0 76.7 67.9 74.2 87.9 90.4 81.6 58.5 67.4 56.3 55.8 (7.3) 50.6 44.0 0.0 0.4 41.6 41.4 40.3 39.6 38.0 36.0 32.2 27.0 24.7 22.1 21.5 20.3 15.2 (13.4) 14.3 9.0
EPS (Diluted) 9.20 6.62 7.75 8.47 8.24 7.62 5.79 7.96 6.97 4.87 7.23 6.14 5.32 3.33 3.98 4.10 3.38 1.98 3.58 5.43 1.78 -0.42 1.76 -0.10 5.61 0.99 4.62 2.58 3.59 3.05 4.14 3.91 3.62 4.65 1.65 3.08 2.78 0.41 2.77 2.52 2.47 2.50 1.75 1.96 1.69 2.01 0.28 1.58 1.51 1.48 1.41 1.25 1.36 1.63 1.68 1.51 1.21 1.25 1.06 1.05 -0.14 0.95 0.83 0.00 0.01 0.79 0.79 0.77 0.75 0.75 0.72 0.64 0.54 0.49 0.45 0.45 0.43 0.32 -0.30 0.30 0.19
Balance Sheet
Cash & Equivalents 3,884 2,528 2,808 2,792 2,426 2,459 6,261 3,360 4,288 4,135 3,472 3,071 3,418 3,288 3,001 3,808 4,216 4,813 4,787 4,529 4,072 4,907 4,717 4,549 2,668 4,194 1,467.5 2,716.8 2,441.3 2,337.3 2,073.0 1,853.4 1,011.0 857.9 650.6 970.6 985.4 972.4 1,587.0 1,666.7 612.0 187.3 162.0 190.2 154.6 149.3 120.2
Total Assets 25,442 23,757 22,909 22,700 21,905 21,515 25,586 21,828 21,577 20,685 19,970 19,555 20,008 18,489 18,107 18,819 18,841 19,242 19,315 19,089 18,739 18,557 18,395 18,179 16,635 18,156 16,254.7 17,702.6 17,797.2 12,389.3 12,197.5 11,804.5 10,394.7 10,112.1 9,975.7 10,316.4 10,187.3 10,037.1 10,726.3 10,570.5 8,359.5 2,545.3 2,504.9 2,454.4 2,325.0 2,319.8 2,031.5
Total Debt 32,003 29,921 30,030 25,012 25,049 25,049 24,899 21,892 22,406 21,876 19,766 19,765 20,861 19,851 19,813 19,884 19,897 19,814 20,018 20,010 20,028 20,020 20,031 20,039 18,562 18,382 16,899 16,876.7 17,257.2 12,883.1 12,877.3 12,891.8 11,734.8 11,747.2 11,762.7 11,092.3 11,103.3 10,819.9 10,195.6 10,205.7 8,335.3 1,770.6 1,770.1 1,356.8 1,357.0 1,357.1 1,357.9
Stockholders' Equity (9,402) (9,270) (9,686) (5,004) (5,671) (6,258) (6,290) (2,518) (3,029) (3,513) (1,984) (2,394) (2,901) (3,336) (3,773) (2,976) (2,899) (2,633) (2,916) (3,138) (3,528) (3,728) (3,972) (4,183) (4,209) (4,303) (2,894.9) (1,321.2) (1,491.8) (1,666.9) (1,808.5) (2,098.5) (2,309.3) (2,599.7) (2,951.2) (1,895.4) (2,038.8) (1,874.6) (651.5) (808.2) (961.8) 486.2 441.0 819.2 717.8 675.8 460.9
Cash Flow
Operating Cash Flow 135 832 507 631 148 752 572 608 229 636 462 406 130 377 273 309 87 279 289 252 98 274 222 397 161 433 247.1 315.4 123.1 329.9 331.3 237.2 160.9 292.8 233.5 164.7 164.7 225.8 224.5 175.3 105.0
Capital Expenditure (71) (60) (66) (58) (56) (42) (41) (40) (48) (36) (37) (36) (35) (31) (33) (29) (32) (25) (25) (20) (29) (31) (43) (12) (23) (27) (21.2) (37.0) (19.6) (23.8) (23.2) (19.2) (15.6) (15.3) (15.3) (17.2) (16.6) (21.8) (14.0) (7.7) (12.1)
Free Cash Flow 64 772 441 573 92 710 531 568 181 600 425 370 95 346 240 280 55 254 264 232 69 243 179 385 138 406 225.9 278.3 103.5 306.1 308.0 218.0 145.3 277.5 218.2 147.5 148.1 204.0 210.5 167.6 92.9