TriNet Group, Inc. logo TNET - TriNet Group, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 3
HOLD 10
SELL 1
STRONG
SELL 0
| PRICE TARGET: $68.50 DETAILS
HIGH: $75.00
LOW: $62.00
MEDIAN: $68.50
CONSENSUS: $68.50
UPSIDE: 60.12%
Annual Quarterly
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
Revenue
Revenue 1,226 1,248 1,232 1,238 1,292 1,326 1,237 1,243 1,282 1,245 1,222 1,209 1,246 1,226 1,241 1,200 1,218 1,232 1,148 1,100 1,060 1,063 975 948 1,048 1,018 969 935 934 917 875 850 861 848 819.3 800.5 807.6 811.1 770.5 745.8 732.9 725.7 668.0 640.0 625.6 603.7 556.0 525.0 508.9 481.7 448.1 363.4 351.1 322.2
Cost of Revenue 943 1,093 1,016 1,018 1,013 1,101 1,023 991 986 1,014 948 947 930 994 951 928 893 1,012 912 864 815 912 827 673 829 851 807 767 747 755 705 681 698 700 663.4 650.4 665.1 688.5 659.6 640.7 615.4 615.8 572.0 555.7 519.6 510.8 460.8 434.2 414.8 392.6 371.0 292.9 276.7 249.2
Gross Profit 283 155 216 220 279 225 214 252 296 231 274 262 316 232 290 272 325 220 236 236 245 151 148 275 219 167 162 168 187 162 170 169 163 148 155.9 150.2 142.5 122.5 110.9 105.1 117.5 109.9 96.0 84.3 106.0 92.9 95.2 90.8 94.1 89.0 77.1 70.5 74.3 73.0
Operating Expenses
R&D Expenses 19 16 18 17 20 16 17 17 18 16 15 17 17 19 18 20 16 14 12 11 13 13 9 9 9 9 9 13 12 13 12 11 13 11 11.2 11.4 11.0 10.5 8.1 6.5 6.4 5.7 7.0 7.6 7.2 6.9 6.8 6.6 5.9 4.8 5.1 5.6 4.5 9.5
SG&A Expenses 128 118 119 120 113 163 120 119 120 128 126 130 112 139 135 110 92 103 108 85 82 96 83 80 79 83 74 88 82 97 85 72 70 80 72.9 74.2 74.5 62.3 63.9 62.8 76.4 63.7 62.7 56.9 53.1 48.9 51.2 47.7 46.2 42.4 46.0 38.1 35.1 33.7
Other Expenses 0 0 29 17 17 19 19 36 36 0 17 18 18 18 17 23 13 12 11 19 12 12 11 13 11 12 0 0 0 2,622 727 700 719 1 0.8 0.3 0.2 0.3 0.3 0.2 (0.0) 0.3 0.4 0.1 0.5 0.2 0.2 (0.0) 0.1 0.2 0.1 0.2 0.1 0
Operating Expenses 147 134 166 154 150 198 156 172 174 144 158 165 147 176 170 153 121 129 131 115 107 121 103 102 99 104 94 113 105 120 108 93 92 100 93.1 93.3 93.0 79.8 81.9 78.8 91.6 80.3 84.3 78.4 75.0 72.6 73.9 70.7 68.8 65.5 69.8 56.6 52.8 52.3
Operating Income
Operating Income 136 21 50 66 129 27 58 80 122 87 116 97 169 56 120 119 204 91 105 121 138 30 45 173 120 63 68 55 82 42 62 76 71 48 62.8 56.8 49.5 42.7 29.0 26.4 25.9 29.6 11.7 6.0 31.0 20.2 21.2 20.0 25.3 23.5 7.3 13.9 21.6 22.3
Interest Expense 13 14 13 15 14 15 15 16 16 17 10 6 7 6 22 5 5 5 5 5 5 6 8 4 4 4 6 6 5 5 2 4 4 5 5 5 5 4.6 5.6 5.0 5.0 4.8 4.7 4.8 5.2 5.0 18.5 8.9 21.9 13.6 19.9 7.0 5.2 0
Interest Income 0 0 17 0 18 (49) 15 17 18 15 18 20 18 14 5 2 1 0 3 1 2 2 2 2 5 5 5 7 6 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.9
Profitability
EBITDA 168 52 82 83 148 4 93 117 160 134 165 135 207 109 160 134 229 114 130 151 162 51 68 196 144 84 82 71 106 57 73 90 81 58 73 65 58 50.1 38.9 35.5 34.6 40.8 26.6 19.9 45.7 35.7 50.1 37.0 47.4 42.0 37.5 27.1 34.8 37.7
EBIT 136 21 63 66 129 (22) 73 97 140 102 134 117 187 70 134 126 205 91 108 122 140 31 47 175 125 68 68 62 88 42 65 79 73 48 63.5 57.1 49.6 43.0 29.3 26.5 25.9 29.9 12.0 6.1 31.5 20.5 21.2 20.0 25.3 23.7 7.3 14.1 21.7 22.3
Income Before Tax 123 1 50 51 115 (37) 58 81 124 85 124 111 180 64 103 116 200 86 103 117 135 26 39 171 121 64 67 56 83 42 60 72 67 44 58.1 52.2 44.9 38.5 23.7 21.5 20.8 25.1 7.4 1.3 26.3 15.4 3.0 11.1 3.5 10.1 (12.5) 7.1 16.5 13.8
Income Tax Expense 34 2 16 14 30 (14) 13 21 33 18 30 28 49 16 26 31 54 17 26 26 34 4 6 45 30 16 12 10 20 13 9 14 13 (22) 15.3 12.3 16.2 15.5 9.1 9.2 9.2 11.0 4.3 2.6 10.5 8.4 2.2 4.9 2.0 4.1 (4.8) 2.7 6.0 5.0
Net Income 89 (1) 34 37 85 (23) 45 60 91 67 94 83 131 48 77 85 146 69 77 91 101 22 33 126 91 48 55 46 63 29 51 58 54 66 42.8 40.0 28.7 23.0 14.6 12.3 11.6 14.1 3.1 (1.3) 15.8 7.0 0.7 6.2 1.5 6.0 (7.7) 4.3 10.5 2.0
Per Share Data
EPS (Basic) 1.89 -0.02 0.71 0.77 1.73 -0.46 0.90 1.20 1.78 1.31 1.65 1.38 2.18 0.77 1.24 1.36 2.25 1.05 1.17 1.38 1.53 0.33 0.49 1.88 1.32 0.69 0.80 0.65 0.91 0.41 0.73 0.82 0.77 0.95 0.62 0.58 0.42 0.34 0.21 0.17 0.16 0.20 0.04 -0.02 0.23 0.10 0.01 0.09 0.02 0.02 -0.12 0.01 0.04 0.03
EPS (Diluted) 1.89 -0.02 0.71 0.76 1.71 -0.46 0.90 1.20 1.78 1.31 1.63 1.38 2.18 0.77 1.22 1.35 2.21 1.03 1.16 1.37 1.51 0.32 0.48 1.87 1.31 0.68 0.78 0.64 0.89 0.40 0.71 0.80 0.75 0.92 0.60 0.56 0.41 0.32 0.20 0.17 0.16 0.20 0.04 -0.02 0.22 0.10 0.01 0.09 0.02 0.02 -0.11 0.01 0.04 0.03
Shares Outstanding 47 48 48 48 49 50 50 50 51 51 57 60 60 62 62 62 65 66 66 66 66 66 67 67 68 69 70 70 70 70.5 70.6 70.4 70.0 69.6 69.5 69.0 68.5 69.0 70.2 70.7 70.5 70.2 70.2 70.3 70.2 69.7 69.1 69.1 69.0 68.3 65.4 65.4 65.4 65.4
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
Current Assets
Cash & Cash Equivalents 340 1,981 321 1,508 349 360 251 177 298 287 170 482 707 354 454 336 235 612 525 464 500 301 563 637 521 213 216 219 251 228 237 202 330 336 263.5 233.9 216.1 184.0 160.6 166.7 195.9
Short-Term Investments 0 0 0 0 0 0 50 72 85 65 75 69 89 76 95 120 154 135 155 131 71 57 61 76 65 68 67 76 56 54 38 29 0 0 0 0 0 0 0 0 0
Net Receivables 458 284 486 499 499 381 526 500 478 465 425 381 386 394 372 318 327 339 313 354 345 264 381 357 389 294 375 351 326 315 311 275 294 318 0 0 0 0 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,451 0 0 0 0 648 736 780 990 706 694 754 (290) 0 0 0 0 0 0 0
Other Current Assets 1,686 521 1,638 705 1,949 2,375 1,714 1,741 1,900 1,694 1,108 1,173 1,362 1,431 981 1,121 1,322 1,286 1,135 1,067 1,186 24 921 815 862 1,244 654 745 803 1,001 666 678 740 1,299 959.0 930.1 1,083.5 1,151.5 864.3 971.8 1,043.0
Total Current Assets 2,484 2,868 2,498 2,762 2,857 3,180 2,605 2,566 2,840 2,578 1,853 2,177 2,629 2,326 1,965 1,957 2,093 2,439 2,201 2,084 2,160 2,160 1,979 1,935 1,892 1,871 1,375 1,455 1,494 1,646 1,337 1,249 1,419 1,991 1,233.6 1,177.0 1,308.6 1,535.4 1,044.2 1,151.4 1,248.4
Non-Current Assets
Property, Plant & Equipment 60 47 48 49 31 34 44 35 37 41 40 56 60 55 128 129 130 66 122 124 126 130 122 128 134 140 143 149 141 79 78 79 74 70 68.5 66.8 63.4 58.6 53.1 47.3 41.9
Goodwill 461 461 461 461 461 461 462 462 462 462 462 462 462 462 462 430 433 294 294 294 294 294 294 289 289 289 289 289 289 289 0 0 0 289 289.2 289.2 289.2 289.2 289.2 289.2 289.2
Intangible Assets 155 153 151 148 146 156 179 176 174 172 169 156 155 163 103 95 100 61 7 9 17 18 19 13 14 15 17 18 19 21 311 312 314 26 27.1 28.4 29.7 31.1 32.4 37.1 42.1
Long-Term Investments 122 128 125 124 134 145 145 156 161 143 143 146 142 151 142 159 165 168 167 194 130 138 141 128 130 125 128 117 133 135 130 133 182 39 (50.9) (64.8) (57.1) 0 (13.8) (15.0) (17.9)
Other Non-Current Assets 138 140 142 144 146 143 294 308 294 297 299 293 288 286 279 274 283 281 278 273 278 303 312 309 306 308 293 290 269 265 176 172 (13) 176 178.7 170.2 146.9 180.9 140.8 131.6 123.1
Total Non-Current Assets 936 929 927 926 918 939 1,124 1,137 1,128 1,115 1,113 1,113 1,107 1,117 1,114 1,087 1,111 870 868 894 845 883 888 867 873 877 870 863 851 789 767 766 628 602 603.4 581.7 564.1 559.8 556.2 545.0 533.1
Total Assets 3,420 3,797 3,425 3,688 3,775 4,119 3,729 3,703 3,968 3,693 2,966 3,290 3,736 3,443 3,079 3,044 3,204 3,309 3,069 2,978 3,005 3,043 2,867 2,802 2,765 2,748 2,245 2,318 2,345 2,435 2,104 2,015 2,047 2,593 1,836.9 1,758.7 1,872.7 2,095.1 1,600.3 1,696.5 1,781.6
Current Liabilities
Account Payables 89 86 89 85 82 89 82 85 122 87 109 100 130 98 122 108 118 86 70 81 84 50 42 101 63 31 33 40 55 45 43 39 46 45 29.0 26.6 22.6 22.5 18.5 16.6 20.1
Short-Term Debt 0 10 10 93 74 75 75 84 109 109 0 0 295 0 0 0 0 0 0 0 0 22 256 256 256 22 22 22 22 22 22 21 43 40 36.7 36.6 36.6 36.6 36.5 25.0 35.4
Deferred Revenue 0 0 43 0 0 0 39 70 51 65 73 78 131 106 54 74 124 97 120 132 151 134 209 146 38 44 28 67 38 56 35 28 26 2 966.7 931.3 1,075.0 92.4 871.6 969.1 1,049.7
Other Current Liabilities 2,126 1,737 232 1,528 827 889 1,426 225 218 0 234 221 223 228 220 205 214 229 216 212 224 0 220 207 228 228 28 67 38 56 35 28 26 (1,007) 14.3 660.0 783.1 1,288.5 12.0 11.2 15.6
Total Current Liabilities 2,226 2,637 2,249 2,508 2,646 2,981 2,440 2,463 2,669 2,463 1,703 1,707 2,235 1,988 1,521 1,583 1,788 1,739 1,556 1,530 1,640 1,870 1,637 1,571 1,608 1,643 1,122 1,219 1,268 1,425 1,111 1,061 1,172 1,757 1,046.7 1,008.3 1,148.8 1,378.6 938.5 1,021.9 1,117.6
Non-Current Liabilities
Long-Term Debt 896 932 895 894 909 908 993 984 984 984 1,091 496 496 496 496 495 495 495 495 495 494 348 353 358 364 369 375 380 385 391 396 402 370 383 395.0 404.2 413.3 422.5 431.6 447.4 454.1
Deferred Tax Liabilities 54 55 9 10 10 11 18 13 13 13 5 7 9 8 29 22 26 11 21 21 21 22 64 63 62 61 64 67 65 68 72 70 71 68 90.8 91.8 91.8 92.4 54.4 54.8 54.8
Other Non-Current Liabilities 122 82 124 121 123 124 119 119 132 125 127 132 135 135 136 136 152 142 145 142 148 147 152 151 153 152 155 158 167 176 175 173 172 179 172.5 162.9 176.2 167.1 146.9 193.7 183.1
Total Non-Current Liabilities 1,111 1,106 1,066 1,073 1,066 1,069 1,160 1,140 1,156 1,152 1,253 668 676 680 702 698 721 689 704 704 712 566 610 615 624 630 646 660 671 635 643 645 613 630 658.4 658.9 681.4 682.0 632.9 641.1 637.2
Total Liabilities 3,337 3,743 3,315 3,581 3,712 4,050 3,600 3,603 3,825 3,615 2,956 2,375 2,911 2,668 2,223 2,281 2,509 2,428 2,260 2,234 2,352 2,436 2,247 2,186 2,232 2,273 1,768 1,879 1,939 2,060 1,754 1,706 1,785 2,387 1,705.1 1,667.2 1,830.1 2,060.6 1,571.4 1,663.0 1,754.8
Stockholders' Equity
Common Stock 1,151 1,135 1,112 1,095 1,070 1,056 1,037 1,021 996 976 953 934 910 899 878 861 837 808 790 776 758 747 730 719 703 694 676 667 651 641 623 611 595 583 568.0 557.2 543.6 535.1 522.9 513.4 501.8
Retained Earnings (1,066) (1,081) (1,002) (988) (1,006) (984) (910) (916) (848) (896) (935) (13) (83) (119) (17) (86) (133) 74 18 (35) (108) (144) (115) (108) (172) (219) (200) (229) (245) (266) (273) (302) (332) (377) (435.7) (465.1) (500.5) (499.9) (493.6) (479.7) (474.7)
Accumulated Other Comprehensive Income (2) 0 0 0 (1) (3) 2 (5) (5) (2) (8) (6) (2) (5) (5) (12) (9) (1) 1 3 3 4 5 5 2 0 1 1 0 (130) 0 0 (1) (104) (0.4) (0.5) (0.6) (0.6) (0.4) (0.3) (0.4)
Total Stockholders' Equity 83 54 110 107 63 69 129 100 143 78 10 915 825 775 856 763 695 881 809 744 653 607 620 616 533 475 477 439 406 375 350 309 262 206 131.9 91.5 42.5 34.6 28.9 33.5 26.7
Total Liabilities & Equity 3,420 3,797 3,425 3,688 3,775 4,119 3,729 3,703 3,968 3,693 2,966 3,290 3,736 3,443 3,079 3,044 3,204 3,309 3,069 2,978 3,005 3,043 2,867 2,802 2,765 2,748 2,245 2,318 2,345 2,435 2,104 2,015 2,047 2,593 1,836.9 1,758.7 1,872.7 2,095.1 1,600.3 1,696.5 1,781.6
Debt Metrics
Total Debt 946 979 943 1,035 1,019 1,022 1,113 1,105 1,134 1,137 1,136 544 843 552 552 555 558 547 550 553 555 430 661 670 681 456 466 474 477 413 418 423 413 423 431.7 440.8 449.9 459.1 468.1 472.4 489.5
Net Debt 606 (1,002) 622 (473) 670 662 862 928 836 850 966 62 136 198 98 219 323 (65) 25 89 55 129 98 33 160 243 250 255 226 185 181 221 83 87 168.2 206.9 233.9 275.1 307.6 305.7 293.5
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 89 (1) 34 37 85 (23) 44 60 91 67 94 83 131 48 77 85 146 69 77 91 101 22 33 126 91 48 55 46 63 29 51 58 54 66.5 42.8 40.0 28.7 23.0 14.6 12.3 11.6
Depreciation & Amortization 19 18 19 17 19 26 20 30 20 32 20 6 20 39 28 19 24 23 13 22 22 20 21 21 19 16 14 9 18 10 12 14 10 8.8 9.7 8.4 8.1 11.4 9.9 9.2 8.7
Stock-Based Compensation 16 17 17 18 13 12 15 18 20 0 15 17 11 16 16 0 12 13 0 0 11 12 11 11 9 12 9 11 9 13 12 10 9 10.6 7.7 7.5 6.2 6.3 6.3 6.5 7.4
Change in Working Capital 11 (35) (9) (9) (36) 508 (126) (232) (52) 456 (249) 17 (252) 401 (199) (218) 28 139 70 (148) (311) 572 24 (7) (401) 612 (131) (96) (232) 319 (8) (89) (609) 33.2 (5.4) (27.6) 32.8 (14.3) 6.6 (24.7) 12.7
Other Non-Cash Items 14 14 13 12 15 37 13 1 12 20 32 (16) 13 5 29 27 2 (1) 24 20 1 (40) 1 1 0 (6) 4 10 9 35 10 (13) (15) (34) 15 16 17 (2.0) (1.9) (1.2) 0.5
Operating Cash Flow 149 61 72 75 95 555 (31) (123) 91 582 (110) 144 (77) 486 (49) (89) 214 234 184 (15) (175) 586 90 152 (282) 682 (49) (20) (142) 372 67 (7) (536) 94.0 54.8 28.2 75.9 66.4 35.1 2.1 40.9
Investing Activities
Capital Expenditure 6 (18) (17) 2 1 (18) (25) (17) (18) (21) (20) (17) (17) (17) (13) (15) (11) (11) (12) (12) (5) (9) (9) (12) (6) (11) (9) (13) (12) (10) (7) (14) (12) (8.8) (8.5) (10.3) (10.5) (11.7) (11.2) (9.9) (6.8)
Acquisitions 0 0 0 0 1 0 0 0 0 0 6 31 0 (10) (36) 0 (183) 40 0 0 8 0 0 0 0 0 0 0 17 (157) 0 0 0 0 0 0 0 0.3 0 0 (0.3)
Purchases of Investments (25) (19) (18) (14) (27) (29) (22) (44) (95) (50) (56) (88) (82) (73) (180) (66) (91) (96) (81) (185) (82) (49) (56) (67) (155) (193) (44) (35) (30) (35) (20) 0 0 0 0 0 0 (15.0) 0 0 (1.5)
Sales/Maturities of Investments 38 21 15 33 34 225 71 59 66 63 50 97 76 79 215 103 72 117 83 65 84 58 47 52 67 46 48 34 31 14 24 49 14 (0.4) 3.0 7.8 3.6 2.0 0.8 23.5 1.5
Other Investing Activities (32) 0 0 (37) 0 0 0 0 0 (5) (6) (31) 0 0 0 0 0 (40) 0 0 (8) 0 (12) 0 0 0 4 (1) (17) 157 4 (203) 14 0 3 7 4 15.0 0.8 (15.0) 1.5
Investing Cash Flow (13) (16) (20) 1 (8) 178 24 (2) (47) (13) (26) (8) (23) (21) (14) 22 (213) 10 (10) (132) (3) 0 (30) (27) (94) (158) (5) (14) (11) (31) (3) (168) 2 (9.2) (5.5) (2.4) (6.8) (9.7) (10.4) (1.4) (5.6)
Financing Activities
Net Debt Issuance 0 0 (90) 0 0 (85) 0 (25) 0 0 591 (295) 295 0 0 0 0 0 (10) 0 130 (240) (5) (5) 228 (5) (6) (5) (6) (7) (5) 210 (10) (9) (9.6) (9) (9) (9.6) 51.9 (17.7) (5.1)
Stock Repurchased (58) (61) (31) (1) (90) (28) (20) (112) (23) (13) (1,011) (12) (91) (140) (1) (32) (350) 0 (20) (14) (60) (43) (35) (60) (40) (56) (22) (24) (38) (14) (17) (22) (8) (4.7) (9) (2) (27.6) (27.9) (27.3) (16.5) 0
Dividends Paid (13) (13) (13) (14) (12) (12) (12) (13) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (58.0) 0 0
Other Financing Activities (574) 580 3 74 (392) 129 (6) (5) (220) (10) 2 7 (4) (9) (7) (5) (3) 5 (4) (4) (14) (7) (5) (3) (3) (11) (4) (6) (4) (7) (5) (210) (4) (3.2) (3.7) (3.1) (2.6) 0.6 (58.8) (0.8) (1.1)
Financing Cash Flow (645) 511 (132) 66 (494) 10 (39) (148) (243) (17) (423) (300) 200 (144) (7) (32) (353) (8) (33) (13) 56 (285) (45) (63) 185 (67) (32) (30) (47) (23) (26) (17) (19) (11.9) (19.9) (8.1) (37.1) (33.0) (30.9) (29.8) (5.7)
Cash Position
Net Change in Cash (519) 556 (80) 135 (407) 743 (46) (287) (199) 553 (559) (164) 100 320 (70) (90) (352) 236 143 (159) (122) 301 15 62 (191) 457 (86) (64) (200) 318 38 (192) (553) 72.5 29.6 17.8 32.0 23.4 (6.1) (29.3) 29.8
Cash at Beginning 1,981 1,346 1,426 1,373 1,691 948 994 1,357 1,466 1,003 1,473 1,637 1,537 1,217 1,287 1,349 1,738 1,502 1,422 1,581 1,643 1,342 1,327 1,265 1,456 999 1,085 1,149 1,349 1,031 993 1,185 1,738 263.5 233.9 216.1 184.0 160.6 166.7 195.9 166.2
Cash at End 1,462 1,902 1,346 1,508 1,284 1,691 948 1,070 1,267 1,556 914 1,473 1,637 1,537 1,217 1,259 1,386 1,738 1,565 1,422 1,521 1,643 1,342 1,327 1,265 1,456 999 1,085 1,149 1,349 1,031 993 1,185 336 263.5 233.9 216.1 184.0 160.6 166.7 195.9
Free Cash Flow 155 43 55 77 96 537 (56) (140) 73 561 (130) 127 (94) 469 (62) (104) 203 223 172 (27) (180) 577 81 140 (288) 671 (58) (33) (154) 362 60 (21) (548) 85.3 46.4 18.0 65.4 54.7 23.9 (7.8) 34.1
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
Income Statement
Revenue 1,226 1,248 1,232 1,238 1,292 1,326 1,237 1,243 1,282 1,245 1,222 1,209 1,246 1,226 1,241 1,200 1,218 1,232 1,148 1,100 1,060 1,063 975 948 1,048 1,018 969 935 934 917 875 850 861 848 819.3 800.5 807.6 811.1 770.5 745.8 732.9 725.7 668.0 640.0 625.6 603.7 556.0 525.0 508.9 481.7 448.1 363.4 351.1 322.2
Gross Profit 283 155 216 220 279 225 214 252 296 231 274 262 316 232 290 272 325 220 236 236 245 151 148 275 219 167 162 168 187 162 170 169 163 148 155.9 150.2 142.5 122.5 110.9 105.1 117.5 109.9 96.0 84.3 106.0 92.9 95.2 90.8 94.1 89.0 77.1 70.5 74.3 73.0
Operating Income 136 21 50 66 129 27 58 80 122 87 116 97 169 56 120 119 204 91 105 121 138 30 45 173 120 63 68 55 82 42 62 76 71 48 62.8 56.8 49.5 42.7 29.0 26.4 25.9 29.6 11.7 6.0 31.0 20.2 21.2 20.0 25.3 23.5 7.3 13.9 21.6 22.3
Net Income 89 (1) 34 37 85 (23) 45 60 91 67 94 83 131 48 77 85 146 69 77 91 101 22 33 126 91 48 55 46 63 29 51 58 54 66 42.8 40.0 28.7 23.0 14.6 12.3 11.6 14.1 3.1 (1.3) 15.8 7.0 0.7 6.2 1.5 6.0 (7.7) 4.3 10.5 2.0
EPS (Diluted) 1.89 -0.02 0.71 0.76 1.71 -0.46 0.90 1.20 1.78 1.31 1.63 1.38 2.18 0.77 1.22 1.35 2.21 1.03 1.16 1.37 1.51 0.32 0.48 1.87 1.31 0.68 0.78 0.64 0.89 0.40 0.71 0.80 0.75 0.92 0.60 0.56 0.41 0.32 0.20 0.17 0.16 0.20 0.04 -0.02 0.22 0.10 0.01 0.09 0.02 0.02 -0.11 0.01 0.04 0.03
Balance Sheet
Cash & Equivalents 340 1,981 321 1,508 349 360 251 177 298 287 170 482 707 354 454 336 235 612 525 464 500 301 563 637 521 213 216 219 251 228 237 202 330 336 263.5 233.9 216.1 184.0 160.6 166.7 195.9
Total Assets 3,420 3,797 3,425 3,688 3,775 4,119 3,729 3,703 3,968 3,693 2,966 3,290 3,736 3,443 3,079 3,044 3,204 3,309 3,069 2,978 3,005 3,043 2,867 2,802 2,765 2,748 2,245 2,318 2,345 2,435 2,104 2,015 2,047 2,593 1,836.9 1,758.7 1,872.7 2,095.1 1,600.3 1,696.5 1,781.6
Total Debt 946 979 943 1,035 1,019 1,022 1,113 1,105 1,134 1,137 1,136 544 843 552 552 555 558 547 550 553 555 430 661 670 681 456 466 474 477 413 418 423 413 423 431.7 440.8 449.9 459.1 468.1 472.4 489.5
Stockholders' Equity 83 54 110 107 63 69 129 100 143 78 10 915 825 775 856 763 695 881 809 744 653 607 620 616 533 475 477 439 406 375 350 309 262 206 131.9 91.5 42.5 34.6 28.9 33.5 26.7
Cash Flow
Operating Cash Flow 149 61 72 75 95 555 (31) (123) 91 582 (110) 144 (77) 486 (49) (89) 214 234 184 (15) (175) 586 90 152 (282) 682 (49) (20) (142) 372 67 (7) (536) 94.0 54.8 28.2 75.9 66.4 35.1 2.1 40.9
Capital Expenditure 6 (18) (17) 2 1 (18) (25) (17) (18) (21) (20) (17) (17) (17) (13) (15) (11) (11) (12) (12) (5) (9) (9) (12) (6) (11) (9) (13) (12) (10) (7) (14) (12) (8.8) (8.5) (10.3) (10.5) (11.7) (11.2) (9.9) (6.8)
Free Cash Flow 155 43 55 77 96 537 (56) (140) 73 561 (130) 127 (94) 469 (62) (104) 203 223 172 (27) (180) 577 81 140 (288) 671 (58) (33) (154) 362 60 (21) (548) 85.3 46.4 18.0 65.4 54.7 23.9 (7.8) 34.1