TECH - Bio-Techne Corporation
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$65.78
DETAILS
HIGH:
$73.00
LOW:
$50.00
MEDIAN:
$73.00
CONSENSUS:
$65.78
DOWNSIDE:
8.74%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||
| Revenue | 1,215.0 | 1,219.6 | 1,159.1 | 1,136.7 | 1,105.6 | 931.0 | 738.7 | 714.0 | 643.0 | 563.0 | 499.0 | 452.2 | 357.8 | 310.6 | 314.6 | 290.0 | 269.0 | 264.0 | 257.4 | 223.5 | 202.6 | 178.7 | 161.3 | 145.0 | 130.9 | 115.4 | 103.8 | 90.9 | 67.3 | 60.9 | 54.6 | 47.7 | 40.3 | 28.7 | 22.3 | 19.3 | 15.7 | 12.5 |
| Cost of Revenue | 416.0 | 429.4 | 389.3 | 366.9 | 349.1 | 298.2 | 255.5 | 240.5 | 210.8 | 188.5 | 162.4 | 145.0 | 106.4 | 79.5 | 78.8 | 65.0 | 54.5 | 55.5 | 52.9 | 46.7 | 45.7 | 36.8 | 34.9 | 35.4 | 32.5 | 28.4 | 23.3 | 25 | 17.8 | 17 | 17.1 | 16.8 | 15.2 | 11.8 | 9.6 | 8.9 | 7.3 | 6.1 |
| Gross Profit | 799.1 | 790.3 | 769.7 | 769.8 | 756.5 | 632.9 | 483.2 | 473.5 | 432.1 | 374.5 | 336.7 | 307.3 | 251.4 | 231.1 | 235.8 | 224.9 | 214.6 | 208.5 | 204.5 | 176.8 | 156.9 | 141.8 | 126.4 | 109.6 | 98.4 | 86.9 | 80.5 | 65.9 | 49.5 | 43.9 | 37.5 | 30.9 | 25.1 | 16.9 | 12.7 | 10.4 | 8.4 | 6.4 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||
| R&D Expenses | 94.8 | 99.5 | 96.7 | 92.5 | 87.1 | 70.6 | 65.2 | 62.4 | 55.3 | 53.5 | 45.2 | 40.9 | 30.9 | 29.3 | 27.9 | 26.0 | 25.1 | 23.6 | 22.4 | 20.1 | 18.8 | 18.4 | 20.8 | 20.6 | 17.5 | 14.5 | 11.2 | 12 | 10.6 | 11.7 | 10.4 | 8.6 | 6.5 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 452.4 | 415.1 | 393.3 | 352.4 | 339.0 | 289.9 | 240.9 | 264.4 | 240.6 | 199.2 | 140.9 | 119.4 | 60.7 | 43.4 | 41.7 | 35.9 | 32.2 | 33.2 | 36.7 | 31.0 | 27.6 | 24.5 | 21.7 | 19.4 | 19.6 | 17.7 | 17.3 | 16.9 | 15.4 | 14.6 | 13 | 11.2 | 9.2 | 8.7 | 7.6 | 7.7 | 6.6 | 5.6 |
| Other Expenses | 0 | 173.4 | 73.1 | 25.9 | 33.8 | 35.0 | 19.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0.8 | 0.7 | 0 | 1.0 | 1.0 | 1.1 | 1.6 | 2.0 | 1.2 | 1.6 | 1.9 | 8.5 | 8.9 | 12.7 | 11.9 | 2.3 | 2.3 | 1.9 | 1.7 | 11 | 10 | 8.6 | 8.2 | 6.9 | 5.8 |
| Operating Expenses | 547.2 | 688.0 | 563.0 | 470.9 | 459.9 | 395.6 | 325.8 | 326.8 | 296.0 | 252.8 | 186.1 | 160.3 | 91.7 | 74.8 | 71.7 | 61.9 | 58.3 | 57.7 | 60.2 | 52.7 | 48.4 | 44.1 | 44.1 | 41.9 | 45.6 | 41.1 | 41.2 | 40.8 | 28.3 | 28.6 | 25.3 | 21.5 | 17.5 | 10 | 8.6 | 8.2 | 6.9 | 5.8 |
| Operating Income | ||||||||||||||||||||||||||||||||||||||
| Operating Income | 251.9 | 102.3 | 206.7 | 298.9 | 296.6 | 237.3 | 157.4 | 125.6 | 136.2 | 121.8 | 150.6 | 147.0 | 159.8 | 158.5 | 166.2 | 163.1 | 156.3 | 150.8 | 144.3 | 124.2 | 108.5 | 97.8 | 82.3 | 67.7 | 52.8 | 45.8 | 39.3 | 25.1 | 21.2 | 15.3 | 12.2 | 9.4 | 7.6 | 6.9 | 4.1 | 2.2 | 1.5 | 0.6 |
| Interest Expense | 5.4 | 8.5 | 15.7 | 11.2 | 11.3 | 14.0 | 19.2 | 21.7 | 10.2 | 7.4 | 1.7 | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 3.9 | 3.3 | 3.4 | 0.8 | 0.5 | 0.6 | 0.6 | 0.4 | 0.3 | 0.2 | 0.6 | 2.7 | 2.6 | 2.6 | 3.8 | 4.4 | 7.6 | 12.2 | 8.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||||||||||
| EBITDA | 343.4 | 216.9 | 313.1 | 457.1 | 413.8 | 249.9 | 378.4 | 211.9 | 200.6 | 179.4 | 192.0 | 192.9 | 180.6 | 173.0 | 174.7 | 173.7 | 164.6 | 158.5 | 151.5 | 137.0 | 115.5 | 103.9 | 88.3 | 74.1 | 65.5 | 58.5 | 52.0 | 37 | 23.5 | 17.6 | 14.1 | 11.1 | 9.4 | 8.2 | 5.1 | 2.7 | 1.8 | 0.8 |
| EBIT | 246.1 | 107.0 | 201.4 | 349.9 | 312.7 | 162.1 | 295.7 | 133.7 | 136.1 | 119.3 | 149.2 | 155.7 | 161.4 | 160.7 | 164.1 | 160.8 | 154.1 | 150.8 | 144.3 | 130.0 | 108.5 | 97.8 | 82.3 | 67.7 | 52.8 | 45.8 | 39.3 | 25.1 | 21.2 | 15.3 | 12.2 | 9.4 | 7.6 | 6.9 | 4.1 | 2.2 | 1.5 | 0.6 |
| Income Before Tax | 240.7 | 98.5 | 185.7 | 338.7 | 301.4 | 148.2 | 276.5 | 112.0 | 126.0 | 113.2 | 147.5 | 154.2 | 161.4 | 160.7 | 162.2 | 165.0 | 156.4 | 155.4 | 153.8 | 128.9 | 111.2 | 99.9 | 82.5 | 69.6 | 37.7 | 47.8 | 39.4 | 26.1 | 22.4 | 16 | 12.6 | 9.6 | 7.2 | 6.5 | 3.3 | 2.2 | 1.4 | 0.6 |
| Income Tax Expense | 58.8 | 25.1 | 17.6 | 53.2 | 38.3 | 8.6 | 47.2 | 15.9 | (0.6) | 35.9 | 43.0 | 46.4 | 50.4 | 48.1 | 49.9 | 52.7 | 46.7 | 50.1 | 50.3 | 43.8 | 37.8 | 33.8 | 29.6 | 24.2 | 10.6 | 13.8 | 12.8 | 9.4 | 7.2 | 5.1 | 4 | 2.9 | 2.1 | 2.1 | 1.3 | 0.6 | 0.4 | 0.2 |
| Net Income | 181.9 | 73.4 | 168.1 | 285.3 | 272.1 | 140.4 | 229.3 | 96.1 | 125.3 | 77.3 | 104.5 | 107.7 | 110.9 | 112.6 | 112.3 | 112.3 | 109.8 | 105.2 | 103.6 | 85.1 | 73.4 | 66.1 | 52.9 | 45.4 | 27.1 | 34.0 | 26.6 | 16.7 | 15.2 | 10.9 | 8.6 | 6.7 | 5.1 | 4.4 | 2 | 1.6 | 1 | 0.4 |
| Per Share Data | ||||||||||||||||||||||||||||||||||||||
| EPS (Basic) | 1.17 | 0.47 | 1.07 | 1.81 | 1.73 | 0.91 | 1.50 | 0.64 | 0.84 | 0.52 | 0.70 | 0.73 | 0.75 | 0.76 | 0.76 | 0.76 | 0.74 | 0.70 | 0.66 | 0.54 | 0.47 | 0.41 | 0.32 | 0.27 | 0.16 | 0.21 | 0.16 | 0.10 | 0.10 | 0.07 | 0.06 | 0.04 | 0.04 | 0.03 | 0.01 | 0.01 | 0.01 | 0.00 |
| EPS (Diluted) | 1.16 | 0.46 | 1.05 | 1.76 | 1.66 | 0.87 | 1.45 | 0.62 | 0.82 | 0.52 | 0.70 | 0.72 | 0.75 | 0.76 | 0.76 | 0.76 | 0.73 | 0.69 | 0.66 | 0.54 | 0.46 | 0.40 | 0.32 | 0.27 | 0.16 | 0.20 | 0.16 | 0.10 | 0.10 | 0.07 | 0.06 | 0.04 | 0.04 | 0.03 | 0.01 | 0.01 | 0.01 | 0.00 |
| Shares Outstanding | 156.0 | 157.5 | 157.7 | 157.2 | 156.9 | 155.0 | 152.8 | 151.1 | 149.9 | 149.3 | 148.8 | 148.4 | 147.6 | 147.3 | 147.8 | 148.4 | 149.0 | 151.2 | 156.6 | 157.6 | 156.2 | 161.4 | 164.2 | 165.5 | 166.0 | 165.8 | 162.5 | 160.9 | 151.6 | 150.3 | 155.5 | 152.4 | 145.7 | 146.7 | 133.3 | 128 | 133.3 | 126.1 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 264.7 | 162.2 | 151.8 | 180.6 | 172.6 | 199.1 | 146.6 | 100.9 | 122.0 | 91.6 | 64.2 | 54.5 | 318.6 | 163.8 | 116.7 | 77.6 | 98.9 | 160.9 | 167.0 | 135.5 | 89.6 | 80.3 | 51.2 | 39.4 | 26.4 | 21.3 | 17.4 | 12.8 | 27.4 | 8.6 | 7.4 | 5.3 | 5.9 | 4 | 4.5 | 2 | 1.3 | 1 |
| Short-Term Investments | 0 | 0 | 1.1 | 23.7 | 74.5 | 32.5 | 124.3 | 65.1 | 59.8 | 66.1 | 31.6 | 56.4 | 44.8 | 169.2 | 152.3 | 63.2 | 39.9 | 41.9 | 39.4 | 29.3 | 19.2 | 16.8 | 125.4 | 78.1 | 70.7 | 75.8 | 42.5 | 16.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 220.5 | 206.9 | 241.4 | 218.5 | 194.5 | 145.4 | 122.5 | 137.5 | 120.3 | 116.8 | 93.4 | 70.0 | 55.0 | 40.2 | 37.7 | 37.9 | 34.1 | 31.2 | 33.3 | 31.0 | 25.1 | 23.7 | 21.1 | 20.4 | 21.3 | 18.3 | 18.9 | 13.5 | 10 | 9.1 | 8.4 | 7.4 | 6.6 | 4.8 | 3.2 | 3.4 | 3.1 | 2.5 |
| Inventory | 195.7 | 189.4 | 179.7 | 171.6 | 141.1 | 116.7 | 103.2 | 91.0 | 85.6 | 60.2 | 57.1 | 49.6 | 38.8 | 34.9 | 38.3 | 44.9 | 13.7 | 11.3 | 9.5 | 8.8 | 9.0 | 7.8 | 7.5 | 6.3 | 6.1 | 5.4 | 4.7 | 5.7 | 3.8 | 4.1 | 3.7 | 3.3 | 2.5 | 1.7 | 2.2 | 2.1 | 1.9 | 1.6 |
| Other Current Assets | 63.4 | 49.8 | 43.4 | 27.1 | 22.9 | 16.9 | 24.3 | 18.1 | 10.7 | 13.3 | 7.6 | 17.8 | 12.2 | 0 | 0 | 5.8 | 13.4 | 9.3 | 8.4 | 7.4 | 6.1 | 5.5 | 4.8 | 4.2 | 3.8 | 2.7 | 2.9 | 2.6 | 17.3 | 18 | 13.8 | 11.8 | 5.9 | 4.5 | 1.7 | 0.3 | 0.2 | 0.2 |
| Total Current Assets | 744.4 | 608.3 | 617.4 | 621.5 | 605.6 | 510.6 | 520.9 | 412.6 | 398.4 | 345.3 | 253.9 | 248.3 | 469.4 | 409.5 | 346.5 | 230.4 | 201.0 | 255.5 | 258.4 | 212.8 | 149.8 | 135.0 | 210.9 | 149.5 | 129.1 | 124.2 | 86.3 | 50.9 | 58.5 | 39.8 | 33.3 | 27.8 | 20.9 | 15 | 11.6 | 7.8 | 6.5 | 5.3 |
| Non-Current Assets | ||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 299.2 | 319.1 | 342.4 | 324.5 | 288.8 | 281.7 | 248.3 | 154.0 | 145.3 | 135.1 | 132.4 | 129.7 | 117.1 | 108.8 | 93.8 | 95.4 | 97.4 | 100.1 | 101.7 | 91.5 | 88.8 | 89.0 | 80.5 | 81.2 | 70.3 | 49.2 | 46.3 | 15.1 | 11.7 | 11.3 | 9 | 4.3 | 4.4 | 3.7 | 1.9 | 1.8 | 1.4 | 0.7 |
| Goodwill | 975.4 | 980.9 | 972.7 | 872.7 | 822.1 | 843.1 | 728.3 | 732.7 | 597.9 | 579.0 | 430.9 | 390.6 | 151.5 | 84.3 | 85.7 | 86.6 | 25.1 | 25.1 | 25.1 | 25.1 | 25.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 303.5 | 365.6 | 507.1 | 534.6 | 531.5 | 616.0 | 516.5 | 579.4 | 446.3 | 452.0 | 310.5 | 292.8 | 108.8 | 40.6 | 46.5 | 52.3 | 2.0 | 3.0 | 4.0 | 5.1 | 6.7 | 14.1 | 15.4 | 17.0 | 18.9 | 27.4 | 36.3 | 45.6 | 0.3 | 0.4 | 0.6 | 0.8 | 1.1 | 1.7 | 2.2 | 0 | 0 | 0 |
| Long-Term Investments | 253.4 | 251.0 | 242.3 | 255.9 | 0 | 0 | 0 | (89.8) | 2.7 | 40.4 | (62.8) | (11.5) | 3.6 | 132.9 | 145.0 | 151.6 | 171.2 | 84.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 10.9 | 22.6 | 21.9 | 29.4 | 46.8 | 11.3 | 13.5 | 5.7 | (83.7) | (117.0) | 1.9 | 1.9 | 2.5 | (7.9) | (12.4) | (4.5) | 21.1 | 0.8 | 113.1 | 115.9 | 95.3 | 50.6 | 10.8 | 6.9 | 10.6 | 10.6 | 11.5 | 12.2 | 2.4 | 2.4 | 1.5 | 1.2 | 0.4 | 0 | 0 | 0 | 0.1 | 0.1 |
| Total Non-Current Assets | 1,934.6 | 1,949.6 | 2,086.4 | 2,017.2 | 1,689.2 | 1,752.4 | 1,506.7 | 1,471.8 | 1,194.8 | 1,211.4 | 875.6 | 815.1 | 393.1 | 368.6 | 372.8 | 387.3 | 317.8 | 216.5 | 248.9 | 242.0 | 220.7 | 160.3 | 114.5 | 113.8 | 109.2 | 91.3 | 94.1 | 72.9 | 14.4 | 14.1 | 11.1 | 6.3 | 5.9 | 5.4 | 4.1 | 1.8 | 1.5 | 0.8 |
| Total Assets | 2,679.0 | 2,557.9 | 2,703.9 | 2,638.7 | 2,294.8 | 2,263.0 | 2,027.6 | 1,884.4 | 1,593.2 | 1,556.7 | 1,129.5 | 1,063.4 | 862.5 | 778.1 | 719.3 | 617.7 | 518.8 | 472.0 | 507.4 | 454.8 | 370.5 | 295.3 | 325.5 | 263.3 | 238.2 | 215.5 | 180.4 | 123.8 | 72.9 | 53.9 | 44.4 | 34.1 | 26.8 | 20.4 | 15.7 | 9.6 | 8 | 6.1 |
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||
| Account Payables | 26.7 | 25.3 | 38.0 | 25.7 | 33.9 | 29.4 | 23.1 | 16.2 | 18.5 | 16.9 | 20.7 | 13.4 | 9.7 | 6.2 | 6.3 | 5.2 | 9.6 | 7.5 | 6.1 | 6.9 | 5.5 | 2.7 | 3.8 | 2.2 | 4.3 | 3.5 | 2.6 | 2.4 | 3.2 | 1.6 | 1.7 | 2.2 | 1.9 | 0.6 | 0.4 | 0.8 | 0.6 | 0 |
| Short-Term Debt | 14.9 | 0 | 0 | 0 | 12.5 | 12.5 | 12.5 | 12.5 | 0 | 0 | 3.8 | 4.0 | 5.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2 | 1.2 | 1.3 | 1.2 | 0.9 | 0.9 | 0.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.3 | 0.1 |
| Deferred Revenue | 36.1 | 32.6 | 27.9 | 23.1 | 23.4 | 19.0 | 13.0 | 9.1 | 7.1 | 6.0 | 4.7 | 3.4 | (9.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.1 | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 24.5 | 1.6 | 2.2 | 1.4 | 1.2 | 3.9 | 0 | 3.4 | 21.4 | 65.1 | 1.8 | 6.6 | 0 | 9.6 | 7.3 | (2.7) | 0 | 0 | 0 | 0 | 0 | 0 | 4.9 | 7.4 | 9.4 | 11.5 | 9.1 | 11.1 | 4.2 | 3.3 | 3.3 | 1.9 | 1.7 | 1.8 | 2 | 1.5 | 1.4 | 1.8 |
| Total Current Liabilities | 163.7 | 175.8 | 159.4 | 128.5 | 176.0 | 152.3 | 106.7 | 102.0 | 78.7 | 135.4 | 54.1 | 39.8 | 26.4 | 32.1 | 35.8 | 18.2 | 17.0 | 15.5 | 20.2 | 17.2 | 18.0 | 14.0 | 13.5 | 10.8 | 14.6 | 15.9 | 12.6 | 13.5 | 7.4 | 4.9 | 5 | 4.1 | 3.6 | 2.4 | 2.4 | 2.6 | 2.3 | 1.9 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | 200 | 346 | 319 | 350 | 243.4 | 328.8 | 344.2 | 492.7 | 339 | 343.8 | 91.5 | 73 | 7.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.2 | 13.4 | 14.6 | 15.9 | 17.1 | 18.1 | 18.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.1 | 0.5 | 0.8 | 0.5 |
| Deferred Tax Liabilities | 111.6 | 6.2 | 55.9 | 89.0 | 99.0 | 93.1 | 101.1 | 89.8 | 86.3 | 118.0 | 62.8 | 61.4 | 33.8 | 8.5 | 9.1 | 13.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 19.0 | 27.1 | 13.2 | 10.9 | 17.2 | 49.9 | 27.1 | 33.1 | 9.3 | 129.3 | 104.7 | 42.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.9 | 7.8 | 13.5 | 1.7 | 0.9 | 0.5 | 0.5 | 0.2 | 0.1 | 0 | 0.2 | 0.3 | 0.6 |
| Total Non-Current Liabilities | 407.1 | 463.2 | 475.6 | 543.7 | 417.8 | 539.4 | 539.7 | 616.8 | 435.4 | 470.5 | 196.1 | 176.7 | 40.8 | 8.5 | 9.1 | 13.4 | 0 | 0 | 0 | 0 | 12.2 | 13.4 | 14.6 | 15.9 | 17.1 | 22.0 | 26.7 | 13.5 | 1.7 | 0.9 | 0.5 | 0.5 | 0.2 | 0.2 | 2.1 | 0.7 | 1.1 | 1.1 |
| Total Liabilities | 570.8 | 639.1 | 635.0 | 672.2 | 593.8 | 691.7 | 646.4 | 718.8 | 514.1 | 605.8 | 250.2 | 216.4 | 67.2 | 40.6 | 44.9 | 31.5 | 17.0 | 15.5 | 20.2 | 17.2 | 30.2 | 27.4 | 28.0 | 26.7 | 31.7 | 37.9 | 39.3 | 27 | 9.1 | 5.8 | 5.5 | 4.6 | 3.8 | 2.6 | 4.5 | 3.3 | 3.4 | 3 |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||
| Common Stock | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1,144.2 | 1,066.0 | 1,325.2 | 1,309.5 | 1,122.9 | 1,085.5 | 1,057.5 | 931.9 | 876.9 | 799.0 | 770.6 | 713.9 | 653.3 | 587.7 | 520.4 | 472.7 | 400.1 | 345.6 | 359.2 | 314.3 | 232.3 | 185.0 | 222.7 | 169.8 | 147.4 | 121.2 | 88.3 | 62.1 | 49.4 | 34.9 | 27.2 | 20.7 | 14.7 | 9.6 | 5.2 | 3.6 | 1.9 | 0.9 |
| Accumulated Other Comprehensive Income | (70.6) | (59.9) | (78.3) | (66.1) | (75.2) | (57.3) | (97.2) | (83.5) | (44.8) | (48.9) | (70.4) | (30.6) | (5.4) | 14.6 | 21.8 | (16.3) | (21.2) | (7.5) | 12.1 | 12.9 | 5.7 | 3.6 | 5.3 | 3.1 | 0.1 | (1.3) | (0.5) | 0.1 | (11.4) | (10) | (7.9) | (6.3) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 2,108.2 | 1,918.8 | 2,068.8 | 1,966.5 | 1,701.8 | 1,563.0 | 1,381.2 | 1,165.6 | 1,079.1 | 950.8 | 879.3 | 846.9 | 795.3 | 737.5 | 674.4 | 586.1 | 501.8 | 456.5 | 487.1 | 437.7 | 340.3 | 267.9 | 297.4 | 236.6 | 206.5 | 177.7 | 141.1 | 96.8 | 63.8 | 48.1 | 38.9 | 29.5 | 23 | 17.8 | 11.2 | 6.3 | 4.6 | 3.1 |
| Total Liabilities & Equity | 2,679.0 | 2,557.9 | 2,703.9 | 2,638.7 | 2,294.8 | 2,263.0 | 2,027.6 | 1,884.4 | 1,593.2 | 1,556.7 | 1,129.5 | 1,063.4 | 862.5 | 778.1 | 719.3 | 617.7 | 518.8 | 472.0 | 507.4 | 454.8 | 370.5 | 295.3 | 325.5 | 263.3 | 238.2 | 215.5 | 180.4 | 123.8 | 72.9 | 53.9 | 44.4 | 34.1 | 26.8 | 20.4 | 15.7 | 9.6 | 8 | 6.1 |
| Debt Metrics | ||||||||||||||||||||||||||||||||||||||
| Total Debt | 289.1 | 444.1 | 419.5 | 455.0 | 326.0 | 420.6 | 433.5 | 505.2 | 339 | 349.9 | 133.8 | 116.0 | 12.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.4 | 14.6 | 15.9 | 17.1 | 18.1 | 18.9 | 19.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.1 | 0.8 | 1.1 | 0.6 |
| Net Debt | 24.4 | 281.9 | 267.7 | 274.4 | 153.4 | 221.5 | 286.9 | 404.3 | 217.0 | 258.3 | 69.5 | 61.5 | (305.6) | (163.8) | (116.7) | (77.6) | (98.9) | (160.9) | (167.0) | (135.5) | (76.2) | (65.7) | (35.3) | (22.3) | (8.3) | (2.3) | 2.4 | (12.8) | (27.4) | (8.6) | (7.4) | (5.3) | (5.9) | (4) | (2.4) | (1.2) | (0.2) | (0.4) |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | 181.9 | 73.4 | 168.1 | 285.4 | 263.1 | 139.6 | 229.3 | 96.1 | 126.2 | 76.1 | 104.5 | 107.7 | 110.9 | 112.6 | 112.3 | 112.3 | 109.8 | 105.2 | 103.6 | 85.1 | 73.4 | 66.1 | 52.9 | 45.4 | 27.1 | 34.0 | 26.6 | 16.7 | 15.2 | 10.9 | 8.6 | 6.7 | 5.1 | 4.4 | 2 | 1.6 | 1 |
| Depreciation & Amortization | 97.4 | 109.9 | 111.7 | 107.2 | 101.1 | 87.7 | 82.7 | 78.2 | 64.5 | 60.0 | 42.8 | 37.2 | 19.2 | 12.3 | 12.5 | 8.7 | 8.1 | 7.8 | 7.3 | 7.0 | 7.0 | 6.1 | 6.0 | 6.4 | 12.7 | 12.7 | 12.7 | 11.9 | 2.3 | 2.3 | 1.9 | 1.7 | 1.8 | 1.3 | 1 | 0.5 | 0.3 |
| Stock-Based Compensation | 41.4 | 40.8 | 38.0 | 39.2 | 42.2 | 49.0 | 32.4 | 32.3 | 28.2 | 14.6 | 9.4 | 6.0 | 3.5 | 1.9 | 1.6 | 1.1 | 1.1 | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (41.3) | 11.5 | (10.1) | (90.6) | (69.5) | 29.3 | (5.2) | (27.8) | 1.9 | (13.9) | (15.0) | (11.4) | (1.8) | (5.3) | (3.9) | (0.3) | (7.8) | (4.1) | 2.2 | (3.0) | 12.0 | 1.1 | 1.6 | (1.6) | (8.3) | (0.8) | 1.1 | (1) | 2 | (1) | (0.9) | (1.2) | (0.1) | (1) | 0.7 | (0.4) | (0.5) |
| Other Non-Cash Items | (0.4) | 103.0 | 30.7 | (57.4) | (18.4) | 74.0 | (147.1) | 16.4 | (3.7) | 10.1 | 4.9 | (1.5) | 7.8 | 4.6 | 11.6 | 2.1 | 1.5 | 1.6 | 1.6 | 1.0 | (6.4) | 0.4 | 4.7 | 3.7 | 2.4 | 0.9 | (0.4) | (0.1) | (0.1) | 1 | 1.2 | 0.3 | 0.3 | (0.1) | 0.2 | 0.1 | 0.3 |
| Operating Cash Flow | 292.1 | 287.6 | 299.0 | 254.4 | 325.3 | 352.2 | 205.2 | 181.6 | 170.4 | 143.4 | 143.9 | 139.4 | 136.8 | 123.6 | 126.7 | 127.2 | 111.3 | 111.3 | 115.3 | 90.5 | 85.6 | 74.4 | 65.6 | 54.1 | 27.7 | 46.4 | 38.7 | 28.4 | 20.3 | 12.5 | 9.8 | 7.3 | 6.3 | 4.5 | 3.9 | 1.8 | 1.1 |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditure | (28.9) | (31.0) | (62.9) | (38.2) | (44.9) | (44.3) | (51.7) | (25.4) | (20.9) | (15.2) | (16.9) | (19.9) | (13.8) | (22.5) | (6.0) | (3.6) | (4.6) | (6.6) | (16.4) | (8.1) | (4.6) | (11.4) | (3.7) | (15.2) | (22.3) | (6.8) | (30.4) | (30.6) | (3) | (4.2) | (6.4) | (1.3) | (1.3) | (2.6) | (0.6) | (0.9) | (0.4) |
| Acquisitions | 4.6 | (15) | (169.7) | (83.4) | 0 | (225.9) | 1.9 | (289.5) | (46.3) | (293.8) | (91.4) | (420.1) | (119.2) | 1.1 | 0.5 | (131.8) | 0 | 0 | 0 | 0 | (19.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (5.5) | (5.5) | (20.5) | (25) | (39.7) | (70.2) | (43.5) | (8.6) | (3.1) | 0 | 0 | (106.7) | (112.7) | (147.0) | (151.4) | (176.6) | (49.2) | (79.3) | (57.3) | (104.7) | (146.9) | (144.2) | (64.6) | (64.7) | (57.2) | (39.6) | (15) | (24.2) | (16) | (11.9) | (10.4) | (4.7) | (5.5) | (1.9) | 0 | 0 |
| Sales/Maturities of Investments | 6.0 | 1.1 | 28.1 | 108.5 | 26.1 | 66.4 | 147.1 | 21.6 | 36.4 | 6.1 | 0.8 | 13.5 | 289.4 | 103.6 | 131.7 | 173.5 | 66.6 | 75.7 | 69.0 | 25.6 | 58.2 | 212.0 | 96.9 | 58.0 | 69.8 | 23.8 | 13.4 | 14 | 25 | 11.6 | 10.7 | 4.9 | 3.4 | 3 | 0.5 | 0 | 0 |
| Other Investing Activities | 0 | 15.3 | 7.0 | (232) | (53.0) | 0 | 0 | (21.9) | 0.7 | (37.0) | (0.0) | 0.0 | 0.0 | (0.7) | (0.8) | (0.9) | 0.1 | 1.3 | (0.8) | (0.1) | 0 | (0.5) | (8.5) | 0 | (5.3) | (0.5) | (3.6) | (7) | (0.2) | (0.2) | 0 | (0.6) | (1.8) | 0 | 1 | 0 | 0 |
| Investing Cash Flow | (18.2) | (35.2) | (203.0) | (265.6) | (96.9) | (243.5) | 27.1 | (336.8) | (38.7) | (306.0) | (107.6) | (426.5) | 49.7 | (31.2) | (21.7) | (114.2) | (114.6) | 21.3 | (27.5) | (39.9) | (70.7) | 53.3 | (59.5) | (21.7) | (22.4) | (40.7) | (60.0) | (38.6) | (2.2) | (8.8) | (7.6) | (7.4) | (4.4) | (5.1) | (1) | (0.9) | (0.4) |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Net Debt Issuance | (146) | 27 | (31) | 94 | (85.5) | (15.5) | (148.5) | 166.5 | (4.5) | 252 | 18.5 | 68.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (13.4) | (1.2) | (1.2) | (1.2) | (1.0) | (0.9) | (0.8) | 19.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.5) | (0.2) | (0.2) |
| Stock Repurchased | (41.7) | (275.7) | (80.0) | (19.6) | (160.9) | (43.2) | (50.1) | (15.4) | 0 | 0 | 0 | 0 | 0 | (2.4) | (24.5) | (2.2) | (15.6) | (92.3) | (60.2) | (1.2) | (27.3) | (103.9) | 0 | (23.7) | (0.7) | (1.2) | 0 | (3.9) | (0.3) | (3.2) | (0.7) | (0.6) | 0 | 0 | (0.2) | 0 | (0.2) |
| Dividends Paid | (49.9) | (50.4) | (50.4) | (50.3) | (50.2) | (49.6) | (48.9) | (48.4) | (48.0) | (47.3) | (47.6) | (47.1) | (45.4) | (43.5) | (41.0) | (39.7) | (38.4) | (28.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (12.1) | 45.2 | 39.1 | (1.5) | 53.8 | 45.7 | 63.7 | 31.7 | (46.7) | (15.6) | 6.0 | 10.3 | 8.6 | 1.2 | 0.9 | 5.6 | 0.2 | 0.1 | 0.5 | 0.5 | 8.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | 0 | (0.1) | 0 |
| Financing Cash Flow | (169.1) | (253.9) | (122.4) | 22.6 | (242.9) | (62.6) | (183.8) | 134.4 | (99.2) | 189.4 | (23.1) | 31.3 | (36.8) | (44.7) | (64.6) | (36.3) | (50.5) | (119.4) | (56.6) | (11.4) | (7.9) | (97.2) | 2.9 | (21.0) | (1.3) | (1.2) | 26.2 | (2.8) | 0.6 | (2.6) | (0.1) | (0.4) | 0 | 0.1 | (0.4) | (0.2) | (0.4) |
| Cash Position | |||||||||||||||||||||||||||||||||||||
| Net Change in Cash | 102.5 | 10.4 | (28.8) | 8.0 | (26.5) | 52.5 | 45.7 | (21.1) | 30.4 | 27.4 | 9.7 | (264.0) | 154.8 | 47.1 | 39.1 | (16.5) | (66.8) | (6.1) | 31.5 | 45.9 | 9.3 | 29.1 | 11.8 | 13.0 | 5.1 | 3.9 | 4.6 | (13.3) | 18.8 | 1.3 | 2.1 | (0.5) | 1.9 | 0.1 | (0.4) | (0.2) | (0.4) |
| Cash at Beginning | 162.2 | 151.8 | 180.6 | 172.6 | 199.1 | 146.6 | 100.9 | 122.0 | 91.6 | 64.2 | 54.5 | 318.6 | 163.8 | 116.7 | 77.6 | 94.1 | 160.9 | 167.0 | 135.5 | 89.6 | 80.3 | 51.2 | 39.4 | 26.4 | 21.3 | 17.4 | 12.8 | 26.1 | 8.6 | 7.4 | 5.3 | 5.9 | 4 | 4.5 | 2 | 1.3 | 1 |
| Cash at End | 264.7 | 162.2 | 151.8 | 180.6 | 172.6 | 199.1 | 146.6 | 100.9 | 122.0 | 91.6 | 64.2 | 54.5 | 318.6 | 163.8 | 116.7 | 77.6 | 94.1 | 160.9 | 167.0 | 135.5 | 89.6 | 80.3 | 51.2 | 39.4 | 26.4 | 21.3 | 17.4 | 12.8 | 27.4 | 8.7 | 7.4 | 5.4 | 5.9 | 4.6 | 1.6 | 1.1 | 0.6 |
| Free Cash Flow | 263.2 | 256.6 | 236.1 | 216.1 | 280.4 | 307.9 | 153.5 | 156.2 | 149.4 | 128.3 | 127.0 | 119.5 | 122.9 | 101.1 | 120.7 | 123.6 | 106.6 | 104.8 | 99.0 | 82.4 | 81.0 | 63.0 | 61.8 | 38.9 | 5.4 | 39.6 | 8.4 | (2.2) | 17.3 | 8.3 | 3.4 | 6 | 5 | 1.9 | 3.3 | 0.9 | 0.7 |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||||||||
| Revenue | 1,215.0 | 1,219.6 | 1,159.1 | 1,136.7 | 1,105.6 | 931.0 | 738.7 | 714.0 | 643.0 | 563.0 | 499.0 | 452.2 | 357.8 | 310.6 | 314.6 | 290.0 | 269.0 | 264.0 | 257.4 | 223.5 | 202.6 | 178.7 | 161.3 | 145.0 | 130.9 | 115.4 | 103.8 | 90.9 | 67.3 | 60.9 | 54.6 | 47.7 | 40.3 | 28.7 | 22.3 | 19.3 | 15.7 | 12.5 |
| Gross Profit | 799.1 | 790.3 | 769.7 | 769.8 | 756.5 | 632.9 | 483.2 | 473.5 | 432.1 | 374.5 | 336.7 | 307.3 | 251.4 | 231.1 | 235.8 | 224.9 | 214.6 | 208.5 | 204.5 | 176.8 | 156.9 | 141.8 | 126.4 | 109.6 | 98.4 | 86.9 | 80.5 | 65.9 | 49.5 | 43.9 | 37.5 | 30.9 | 25.1 | 16.9 | 12.7 | 10.4 | 8.4 | 6.4 |
| Operating Income | 251.9 | 102.3 | 206.7 | 298.9 | 296.6 | 237.3 | 157.4 | 125.6 | 136.2 | 121.8 | 150.6 | 147.0 | 159.8 | 158.5 | 166.2 | 163.1 | 156.3 | 150.8 | 144.3 | 124.2 | 108.5 | 97.8 | 82.3 | 67.7 | 52.8 | 45.8 | 39.3 | 25.1 | 21.2 | 15.3 | 12.2 | 9.4 | 7.6 | 6.9 | 4.1 | 2.2 | 1.5 | 0.6 |
| Net Income | 181.9 | 73.4 | 168.1 | 285.3 | 272.1 | 140.4 | 229.3 | 96.1 | 125.3 | 77.3 | 104.5 | 107.7 | 110.9 | 112.6 | 112.3 | 112.3 | 109.8 | 105.2 | 103.6 | 85.1 | 73.4 | 66.1 | 52.9 | 45.4 | 27.1 | 34.0 | 26.6 | 16.7 | 15.2 | 10.9 | 8.6 | 6.7 | 5.1 | 4.4 | 2 | 1.6 | 1 | 0.4 |
| EPS (Diluted) | 1.16 | 0.46 | 1.05 | 1.76 | 1.66 | 0.87 | 1.45 | 0.62 | 0.82 | 0.52 | 0.70 | 0.72 | 0.75 | 0.76 | 0.76 | 0.76 | 0.73 | 0.69 | 0.66 | 0.54 | 0.46 | 0.40 | 0.32 | 0.27 | 0.16 | 0.20 | 0.16 | 0.10 | 0.10 | 0.07 | 0.06 | 0.04 | 0.04 | 0.03 | 0.01 | 0.01 | 0.01 | 0.00 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 264.7 | 162.2 | 151.8 | 180.6 | 172.6 | 199.1 | 146.6 | 100.9 | 122.0 | 91.6 | 64.2 | 54.5 | 318.6 | 163.8 | 116.7 | 77.6 | 98.9 | 160.9 | 167.0 | 135.5 | 89.6 | 80.3 | 51.2 | 39.4 | 26.4 | 21.3 | 17.4 | 12.8 | 27.4 | 8.6 | 7.4 | 5.3 | 5.9 | 4 | 4.5 | 2 | 1.3 | 1 |
| Total Assets | 2,679.0 | 2,557.9 | 2,703.9 | 2,638.7 | 2,294.8 | 2,263.0 | 2,027.6 | 1,884.4 | 1,593.2 | 1,556.7 | 1,129.5 | 1,063.4 | 862.5 | 778.1 | 719.3 | 617.7 | 518.8 | 472.0 | 507.4 | 454.8 | 370.5 | 295.3 | 325.5 | 263.3 | 238.2 | 215.5 | 180.4 | 123.8 | 72.9 | 53.9 | 44.4 | 34.1 | 26.8 | 20.4 | 15.7 | 9.6 | 8 | 6.1 |
| Total Debt | 289.1 | 444.1 | 419.5 | 455.0 | 326.0 | 420.6 | 433.5 | 505.2 | 339 | 349.9 | 133.8 | 116.0 | 12.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.4 | 14.6 | 15.9 | 17.1 | 18.1 | 18.9 | 19.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.1 | 0.8 | 1.1 | 0.6 |
| Stockholders' Equity | 2,108.2 | 1,918.8 | 2,068.8 | 1,966.5 | 1,701.8 | 1,563.0 | 1,381.2 | 1,165.6 | 1,079.1 | 950.8 | 879.3 | 846.9 | 795.3 | 737.5 | 674.4 | 586.1 | 501.8 | 456.5 | 487.1 | 437.7 | 340.3 | 267.9 | 297.4 | 236.6 | 206.5 | 177.7 | 141.1 | 96.8 | 63.8 | 48.1 | 38.9 | 29.5 | 23 | 17.8 | 11.2 | 6.3 | 4.6 | 3.1 |
| Cash Flow | ||||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | 292.1 | 287.6 | 299.0 | 254.4 | 325.3 | 352.2 | 205.2 | 181.6 | 170.4 | 143.4 | 143.9 | 139.4 | 136.8 | 123.6 | 126.7 | 127.2 | 111.3 | 111.3 | 115.3 | 90.5 | 85.6 | 74.4 | 65.6 | 54.1 | 27.7 | 46.4 | 38.7 | 28.4 | 20.3 | 12.5 | 9.8 | 7.3 | 6.3 | 4.5 | 3.9 | 1.8 | 1.1 | |
| Capital Expenditure | (28.9) | (31.0) | (62.9) | (38.2) | (44.9) | (44.3) | (51.7) | (25.4) | (20.9) | (15.2) | (16.9) | (19.9) | (13.8) | (22.5) | (6.0) | (3.6) | (4.6) | (6.6) | (16.4) | (8.1) | (4.6) | (11.4) | (3.7) | (15.2) | (22.3) | (6.8) | (30.4) | (30.6) | (3) | (4.2) | (6.4) | (1.3) | (1.3) | (2.6) | (0.6) | (0.9) | (0.4) | |
| Free Cash Flow | 263.2 | 256.6 | 236.1 | 216.1 | 280.4 | 307.9 | 153.5 | 156.2 | 149.4 | 128.3 | 127.0 | 119.5 | 122.9 | 101.1 | 120.7 | 123.6 | 106.6 | 104.8 | 99.0 | 82.4 | 81.0 | 63.0 | 61.8 | 38.9 | 5.4 | 39.6 | 8.4 | (2.2) | 17.3 | 8.3 | 3.4 | 6 | 5 | 1.9 | 3.3 | 0.9 | 0.7 | |