Toll Brothers, Inc. logo TOL - Toll Brothers, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
1
BUY 21
HOLD 22
SELL 2
STRONG
SELL
0
| PRICE TARGET: $173.88 DETAILS
HIGH: $187.00
LOW: $156.00
MEDIAN: $175.00
CONSENSUS: $173.88
UPSIDE: 7.99%
Metric 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 1988 1987 1986
Revenue
Revenue 10,966.7 10,846.7 9,994.9 10,275.6 8,790.4 7,077.7 7,224.0 7,143.3 5,815.1 5,169.5 4,171.2 3,911.6 2,674.3 1,882.8 1,475.9 1,494.8 1,755.3 3,158.2 4,647.0 6,123.5 5,793.4 3,893.1 2,775.2 2,329.0 2,229.6 1,804.9 1,455.5 1,206.3 971.7 760.7 646.3 501.8 392.6 279.8 176 198.3 176.9 200.2 137.2 126.6
Cost of Revenue 8,119.7 7,824.3 7,360.7 7,789.2 6,847.5 5,660.0 5,808.6 5,673.0 4,562.3 4,144.1 3,269.3 3,081.8 2,133.3 1,532.1 1,260.8 1,383.1 1,951.3 3,036.8 4,022.9 4,402.5 3,927.1 2,763.0 1,995.3 1,681.0 1,623.7 1,358.3 1,124.7 928.3 744.2 577.7 482.1 377.5 288.2 201 132.3 145.8 119.9 0 0 0
Gross Profit 2,847.0 3,022.5 2,634.2 2,486.4 1,942.9 1,417.7 1,415.3 1,470.3 1,252.8 1,025.4 902.0 829.8 541.0 350.7 215.1 111.7 (196.0) 121.5 624.0 1,721.0 1,866.3 1,130.0 779.9 648.0 605.9 446.6 330.8 278 227.5 183 164.2 124.3 104.4 78.8 43.7 52.5 57 200.2 137.2 126.6
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
SG&A Expenses 1,033.6 982.3 909.4 977.8 922.0 867.4 734.5 684.0 606.7 535.4 455.1 426.4 338.5 287.3 261.4 263.2 321.2 429.9 516.7 573.4 482.8 381.1 288.3 236.1 209.7 170.4 130.2 106.7 86.3 69.7 59.7 48.8 43.3 33 26.4 27.3 28 0 0 0
Other Expenses 92.8 0 0 0 0 0 0 0 0 0 0 66.2 0 0 0 0 0 92.1 111.4 122.0 125.3 0 0 0 58.2 8.5 6.6 5.6 4.1 3.3 2.9 2.7 2.7 2.6 2.5 2.6 2.6 153.9 100.3 98.7
Operating Expenses 1,126.4 982.3 909.4 977.8 922.0 867.4 734.5 684.0 607.8 535.4 455.1 432.5 339.9 287.3 261.4 263.2 321.2 522.0 628.1 695.4 608.1 381.1 288.3 236.1 268.0 178.9 136.8 112.3 90.4 73 62.6 51.5 46 35.6 28.9 29.9 30.6 153.9 100.3 98.7
Operating Income
Operating Income 1,720.6 2,040.2 1,724.8 1,508.6 1,020.9 550.3 680.8 786.2 644.9 490.1 446.9 397.2 201.1 63.4 (47.7) (174.3) (517.2) (400.5) (4.1) 1,025.6 1,258.2 749.0 491.6 411.8 337.9 267.7 194 165.7 137.1 110 101.6 72.8 58.4 43.2 14.8 22.6 26.4 46.3 36.9 27.9
Interest Expense 0 0 0 0 0 2.4 0 0 0 0 0 0.7 0 0 1.5 22.8 13.7 0 0 0 0 109.8 87.6 64.5 0 36.7 24.2 28 32.3 24.3 22.2 13.7 11.2 13.5 5.9 4.8 3.1 5.5 3.5 4.1
Interest Income 71.9 38.5 35.1 6.2 4.3 10.0 19.0 8.6 6.0 2.4 1.9 2.5 4.5 4.7 23.4 34.8 41.9 124.4 118.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,866.2 2,166.8 1,918.8 1,780.5 1,176.6 676.5 795.6 959.2 686.2 527.0 506.1 447.0 292.9 135.5 (4.7) (74.4) (472.5) (438.5) 100.6 1,025.6 1,258.2 646.3 413.6 422.3 347.2 276.2 200.6 171.3 141.2 113.3 104.5 75.5 61.1 45.8 17.3 25.2 29 46.3 36.9 27.9
EBIT 1,784.1 2,085.6 1,842.4 1,703.7 1,100.3 607.6 723.5 933.9 653.0 498.2 452.1 505.2 203.6 112.9 (27.9) (94.4) (488.5) (466.8) 70.7 1,025.6 1,258.2 624.5 401.5 411.8 337.9 264.4 194 165.7 133.7 108.6 101.6 72.8 58.4 43.2 14.8 22.6 26.4 46.3 36.9 27.9
Income Before Tax 1,791.4 2,085.6 1,842.4 1,703.7 1,100.3 586.9 787.2 933.9 814.3 589.0 535.6 504.6 267.7 112.9 (29.4) (117.2) (496.5) (466.8) 70.7 1,126.6 1,323.1 647.4 411.2 347.3 337.9 231.0 162.7 134.3 107.6 85.7 79.4 56.9 43.9 28.9 6.2 15 21.5 40.8 33.4 23.8
Income Tax Expense 444.9 514.4 470.3 417.2 266.7 140.3 197.2 185.8 278.8 206.9 172.4 164.6 97.1 (374.2) (69.2) (113.8) 259.4 (169.0) 35.0 439.4 517.0 238.3 151.3 127.4 124.2 85.0 59.7 48.5 39.8 32 29.5 20.7 16.5 11.5 2.5 6.1 8.4 16.7 16.2 7.7
Net Income 1,346.5 1,571.2 1,372.1 1,286.5 833.6 446.6 590.0 748.2 535.5 382.1 363.2 340.0 170.6 487.1 39.8 (3.4) (755.8) (297.8) 35.7 687.2 806.1 409.1 259.8 219.9 213.7 145.9 101.5 84.7 65 53.7 49.9 36.2 28 16.6 5 10 13.1 24.1 17.2 16.1
Per Share Data
EPS (Basic) 13.60 15.16 12.47 11.02 6.72 3.43 4.07 4.92 3.30 2.27 2.06 1.91 1.01 2.91 0.24 -0.02 -4.68 -1.88 0.23 4.45 5.23 2.75 1.84 1.56 1.49 1.00 0.69 0.58 0.48 0.40 0.37 0.27 0.21 0.13 0.04 0.09 0.11 0.20 0.14 0.11
EPS (Diluted) 13.49 15.01 12.36 10.90 6.63 3.40 4.03 4.85 3.17 2.18 1.97 1.84 0.97 2.86 0.24 -0.02 -4.68 -1.88 0.22 4.17 4.78 2.52 1.72 1.46 1.38 0.98 0.68 0.56 0.45 0.38 0.35 0.26 0.21 0.13 0.04 0.09 0.11 0.20 0.14 0.11
Shares Outstanding 99.0 103.7 110.0 116.8 124.1 130.1 145.0 152.0 162.2 168.3 176.4 177.6 169.3 167.3 167.1 165.7 161.5 158.7 155.3 154.3 154.3 148.6 141.3 140.9 143.3 145.1 146.8 145.9 136.1 135.1 135.6 134.5 133.3 132.8 125 117.6 119.1 120.5 120.7 149.8
Metric 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 1988 1987 1986
Current Assets
Cash & Cash Equivalents 1,259.0 1,303.0 1,300.1 1,346.8 1,638.5 1,370.9 1,286.0 1,182.2 712.8 633.7 919.0 586.3 773.0 778.8 906.3 1,039.1 1,807.7 1,633.5 900.3 632.5 689.2 465.8 425.3 102.3 182.8 161.9 96.5 80.1 147.6 22.9 27.8 38 32.3 33.4 31.5 10.4 9.2 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 10.0 12.0 52.5 439.1 233.6 197.9 101.2 0 0 0 0 115.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 157.9 150.7 136.0 102.3 84.4 189.1 235.8 223.2 253.1 251.3 86.9 233.1 229.3 173.0 168.8 97.0 95.8 163.0 139.7 460.9 285.5 246.1 171.1 159.0 118.5 113.0 87.5 46.7 31.8 26.8 25 27.3 27.1 35.1 45 52.3 66.2 0 0 0
Inventory 11,099.4 9,712.9 9,057.6 8,733.3 7,915.9 7,658.9 7,873.0 7,598.2 7,281.5 7,354.0 6,997.5 6,490.3 4,650.4 3,761.2 3,416.7 3,241.7 3,183.6 4,127.5 5,572.7 6,095.7 5,068.6 3,878.3 3,080.3 2,551.1 2,183.5 1,712.4 1,443.3 1,111.9 921.6 772.5 623.8 506.3 402.5 287.8 222.8 240.2 256.9 0 0 0
Other Current Assets 379.7 363.0 239.4 373.1 377.3 333.8 326.0 321.8 280.9 471.6 220.7 162.4 192.4 22.5 19.8 60.9 0 18.9 170.3 49.7 68.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 12,943.9 11,570.1 10,776.7 10,599.8 10,051.0 9,580.8 9,747.0 9,348.5 8,551.5 8,736.2 8,262.1 7,484.1 5,897.6 5,286.9 4,745.1 4,636.6 5,159.5 5,942.9 6,783.0 7,238.8 6,111.9 4,705.2 3,676.7 2,812.4 2,484.9 1,987.3 1,627.3 1,238.7 1,101 822.2 676.6 571.6 461.9 356.3 299.3 302.9 332.3 0 0 0
Non-Current Assets
Property, Plant & Equipment 382.4 561.3 426.8 404.5 406.7 421.1 273.4 193.3 189.5 169.6 136.8 143.0 131.3 110.0 99.7 79.9 70.4 86.5 84.3 99.1 79.5 52.4 43.7 38.5 33.1 24.1 19.6 14.4 15.1 12.9 11.9 11.5 10.3 10.1 10.4 10.5 11.7 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 173.0 0 0 95.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 1,025.9 1,007.4 959.0 852.3 599.1 430.7 366.3 431.8 481.8 496.4 463.1 447.1 439.5 367.8 195.5 198.4 152.8 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 167.7 229.1 364.5 432.1 481.0 633.1 441.5 271.0 222.5 167.1 146.1 73.8 73.0 58.4 14.9 256.6 251.6 151.8 183.2 245.7 152.4 147.9 66.9 44.5 14.2 18.9 21.2 1.4 2.5 2.8 4 3.8 3.8 18.4 2.7 3.1 4.2 256.6 181.8 108.2
Total Non-Current Assets 1,576.0 1,797.8 1,750.3 1,688.9 1,486.8 1,484.9 1,081.2 896.1 893.8 1,000.5 944.4 914.3 929.8 894.2 310.1 535.0 474.9 643.9 437.3 344.8 231.9 200.3 110.7 83.0 47.3 43.0 40.8 15.8 17.6 15.7 15.9 15.3 14.1 28.5 13.1 13.6 15.9 256.6 181.8 108.2
Total Assets 14,519.9 13,367.9 12,527.0 12,288.7 11,537.9 11,065.7 10,828.1 10,244.6 9,445.2 9,736.8 9,206.5 8,416.9 6,827.5 6,187.1 5,055.2 5,171.6 5,634.4 6,586.8 7,220.3 7,583.5 6,343.8 4,905.6 3,787.4 2,895.4 2,532.2 2,030.3 1,668.1 1,254.5 1,118.6 837.9 692.5 586.9 476 384.8 312.4 316.5 348.2 256.6 181.8 108.2
Current Liabilities
Account Payables 615.8 492.2 597.6 619.4 562.5 411.4 348.6 362.1 275.2 282.0 237.0 225.3 167.8 99.9 96.8 91.7 79.1 134.8 236.9 292.2 256.6 182.0 151.7 126.4 133.0 110.9 84.8 58.1 48.6 42.4 31.6 28.9 17 11.2 6.5 5.7 7.1 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 613.6 696.8 736.9 340.2 432.4 331.6 253.2 1,057.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 471.4 539.8 593.6 731.6 673.0 493.5 437.3 453.0 438.8 352.6 327.4 223.8 212.7 143.0 83.8 0 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 420.6 189.3 206.2 287.3 28.8 (124.8) 0 0 0 0 0 0 0 0 96.0 0 0 337.8 458.1 694.6 697.7 501.3 313.8 236.3 199.9 378.1 284.2 217.6 172.7 137.5 120 40.9 52.4 36.1 25 20 24.7 0 0 0
Total Current Liabilities 3,107.7 2,511.3 2,516.8 2,574.2 2,286.0 1,835.3 1,604.5 1,618.1 1,539.0 1,587.9 1,063.2 1,038.0 873.1 689.1 807.8 824.4 893.9 1,824.9 2,116.0 2,549.0 2,086.3 1,689.9 1,144.1 897.2 1,619.6 489.1 369 275.7 221.3 179.9 151.6 69.8 69.4 47.3 31.5 25.7 31.8 0 0 0
Non-Current Liabilities
Long-Term Debt 2,787.9 2,832.9 2,860.5 3,329.4 3,563.0 3,958.3 3,921.3 3,698.2 3,220.0 3,775.5 3,790.2 3,381.1 2,503.7 2,252.9 1,654.9 1,711.0 2,135.4 1,524.3 1,569.0 1,610.9 1,490.0 1,295.7 1,166.7 868.7 0 796.0 682.7 453 512.1 343.3 284.2 250.2 210 179 145.3 179.2 217.8 69.6 30 30
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32.7 29.3 21.5 16.8 15.9 11.9 0 0 0
Other Non-Current Liabilities 209.8 208.4 212.7 223.6 195.5 185.9 131.9 117.2 106.3 94.8 82.0 (105.2) (101.1) (31.9) (83.8) 0 0 0 0 0 0 0 0 0 0 0 0.1 0 (0.1) 0 0 30 0.2 0.4 0.6 0.7 0.9 114.2 103 46.8
Total Non-Current Liabilities 3,126.1 3,169.9 3,197.0 3,692.7 3,911.4 4,303.0 4,104.9 3,857.6 3,369.2 3,913.7 3,915.3 3,499.7 2,615.2 2,364.0 1,654.9 1,788.1 2,224.0 1,524.3 1,569.0 1,610.9 1,490.0 1,295.7 1,166.7 868.7 0 796.0 682.8 453 512 343.3 284.2 312.9 239.5 200.9 162.7 195.8 230.6 183.8 133 76.8
Total Liabilities 6,233.8 5,681.2 5,713.8 6,266.9 6,197.4 6,138.3 5,709.4 5,475.7 4,908.1 5,501.6 4,978.4 4,556.2 3,488.3 3,059.2 2,462.7 2,612.5 3,118.0 3,349.2 3,685.1 4,159.9 3,576.3 2,985.6 2,310.8 1,765.9 1,619.6 1,285.1 1,051.8 728.7 733.3 523.2 435.8 382.7 308.9 248.2 194.2 221.5 262.4 183.8 133 76.8
Stockholders' Equity
Common Stock 1.0 1.1 1.1 1.3 1.3 1.5 1.5 1.8 1.8 1.8 1.8 1.8 1.7 1.7 1.7 1.7 1.6 1.6 1.6 1.6 1.6 0.8 0.8 0.7 0.4 0.4 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 8,574.8 8,153.4 6,675.7 6,166.7 4,969.8 5,164.1 4,774.4 5,161.6 4,474.1 3,977.3 3,595.2 3,232.0 2,892.0 2,721.4 2,234.3 2,194.5 2,197.8 2,953.7 3,298.9 3,263.3 2,576.1 1,770.7 1,361.6 1,101.8 882.3 668.6 522.7 421.1 336.4 271.3 217.6 167.6 131.5 103.4 86.9 81.9 71.9 58.7 34.7 17.7
Accumulated Other Comprehensive Income 22.3 31.3 40.9 37.6 1.1 (7.2) (5.8) 0.7 (1.9) (3.3) (2.5) (2.8) (2.4) (4.8) (2.9) (0.6) (2.6) 0.3 (0.4) (78.7) (0.7) (64.4) (44.5) (44.5) (35.8) (30.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 8,270.7 7,670.9 6,797.2 6,006.1 5,295.0 4,875.2 5,071.8 4,760.2 4,531.2 4,229.3 4,222.6 3,854.4 3,333.0 3,121.7 2,586.4 2,555.5 2,513.2 3,237.7 3,527.2 3,415.9 2,763.6 1,920.0 1,476.6 1,129.5 912.6 745.1 616.3 525.8 385.3 314.7 256.7 204.2 167 136.4 117.9 94.6 85.4 72.8 48.8 31.4
Total Liabilities & Equity 14,519.9 13,367.9 12,527.0 12,288.7 11,537.9 11,065.7 10,828.1 10,244.6 9,445.2 9,736.8 9,206.5 8,416.9 6,827.5 6,187.1 5,055.2 5,171.6 5,634.4 6,586.8 7,220.3 7,583.5 6,343.8 4,905.6 3,787.4 2,895.4 2,532.2 2,030.3 1,668.1 1,254.5 1,118.6 837.9 692.5 586.9 476 384.8 312.4 316.5 348.2 256.6 181.8 108.2
Debt Metrics
Total Debt 2,916.3 2,961.5 2,984.3 3,469.1 3,795.5 4,207.8 3,921.3 3,698.2 3,220.0 3,775.5 3,790.2 3,381.1 2,503.7 2,252.9 1,654.9 1,711.0 2,135.4 2,137.9 2,265.8 2,347.8 1,830.3 1,728.1 1,498.3 1,121.9 1,057.0 796.0 682.7 453 512.1 343.3 284.2 250.2 210 179 145.3 179.2 217.8 69.6 30 30
Net Debt 1,657.3 1,658.5 1,684.3 2,122.3 2,157.0 2,836.9 2,635.3 2,516.0 2,507.2 3,141.7 2,871.2 2,794.8 1,730.7 1,474.1 748.6 671.9 327.7 504.4 1,365.5 1,715.3 1,141.0 1,262.3 1,073.1 1,019.5 874.2 634.2 586.2 372.9 364.5 320.4 256.4 212.2 177.7 145.6 113.8 168.8 208.6 69.6 30 30
Metric 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
Operating Activities
Net Income 1,346.5 1,571.2 1,372.1 1,286.5 833.6 446.6 590.0 748.2 535.5 382.1 363.2 340.0 170.6 487.1 39.8 (3.4) (755.8) (297.8) 35.7 687.2 806.1 409.1 259.8 219.9 213.7 145.9 103 85.8 67.8 53.7 49.9 36.2 27.4 17.4 3.7 8.9 13.1
Depreciation & Amortization 82.1 81.2 76.5 76.8 76.2 68.9 72.1 25.3 25.4 23.1 23.6 23.0 25.2 22.6 23.1 20.0 23.9 28.3 31.2 32.3 24.3 21.8 12.1 10.5 9.4 8.5 6.6 5.6 4.1 3.3 2.9 2.7 2.7 2.6 2.5 2.6 2.6
Stock-Based Compensation 30.8 29.6 24.8 21.1 23.2 24.3 26.2 28.3 28.5 26.7 22.9 21.7 19.0 15.6 12.8 11.7 11.0 23.3 27.5 27.1 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (569.2) (642.3) (432.7) (404.1) 345.2 314.6 (318.9) (176.1) 45.6 (154.6) (396.3) (118.5) (803.8) (318.8) (87.2) (272) 135.8 458.1 (126.5) (957.9) (513.7) (344.7) (342.2) (330.5) (372.0) (173.3) (232.9) (139.1) (93.1) (120.5) (108.4) (79.4) (95.8) (52.7) 13.3 17.7 (61.5)
Other Non-Cash Items 135.5 50.8 189.5 103.2 13.1 55.9 (34.5) (1.3) 139.1 (148.8) (2.6) 11.5 (53.9) (22.5) 82.5 36.7 462.6 850.7 651.8 98.1 (9.0) (7.0) 6.3 4.2 (6.8) (3.2) (0.1) 0.7 9.3 7.3 6.2 7.7 8 4 5.5 (1.9) 0.1
Operating Cash Flow 1,112.4 1,010.2 1,266.4 986.8 1,303.1 1,008.1 437.7 602.4 959.7 148.8 60.2 313.2 (569.0) (169.0) 52.9 (146.3) 283.2 826.8 330.5 (104.5) 334.7 111.6 (46.1) (94.1) (148.4) (16.9) (120.9) (46.7) (6.9) (53.8) (46.5) (29.5) (55.1) (25.3) 27.6 31.6 (36.1)
Investing Activities
Capital Expenditure (86.2) (73.6) (73.0) (71.7) (66.9) (109.6) (87.0) (28.2) (28.9) (28.4) (9.4) (15.1) (26.6) (14.5) (9.6) (4.8) (2.7) (8.2) (15.0) (41.7) (43.0) (20.4) (15.5) (14.2) (15.0) (9.4) (19.4) (2.8) (5.3) (3.6) (2.5) (3) (1.8) (1.4) (0.5) (0.6) (2.5)
Acquisitions (222.2) (91.9) (103.7) (110.0) (18.4) (84.6) (71.0) 105.7 (9.9) (21.8) (84.2) (1,528.3) (23.6) (323.5) 43.2 0 0 0 32.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 (36.2) (580.0) (452.9) (216.2) (132.7) (1,523.2) (5,804.3) (2,844.8) (4,575.4) (1,976.8) (1,254.0) 0 0 0 0 0 0 0 0 (1.7) 0 (15.5) 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 4.8 18.0 59.6 39.6 93.4 445.2 385.0 411.6 69.7 3.2 1,466.8 5,812.6 2,844.8 4,690.5 2,052.5 1,063.2 0 0 0 0 0 0 0 3.7 0 13.5 0 0 0 0
Other Investing Activities (1.7) (2.1) 26.0 28.5 81.1 16.3 82.1 (1.0) 13.1 (1.1) 1.2 (2.1) (26.2) (30.1) (66.9) 0 0 0 0 (113.1) (40.4) (62.7) (12.1) (5.3) 15.8 13.6 (15.2) (6) 0 1.1 0.7 5.3 13.4 16.6 6.4 6.9 6.5
Investing Cash Flow (310.0) (167.6) (150.6) (153.2) (4.2) (177.8) (75.9) 81.3 (7.7) 8.2 (52.8) (1,452.1) 332.7 (563.1) (74.5) (151.4) (132.2) (64.6) 25.6 (174.5) 31.6 (71.0) (26.2) (19.5) 0.7 4.2 (34.6) (1.6) (5.1) (2.5) 1.9 0.6 25.1 (0.3) 5.9 6.3 4
Financing Activities
Net Debt Issuance (53.5) (100.1) (560.3) (461.4) (561.2) (85.8) 27.4 340.7 (610.3) (54.1) 345.0 794.3 205.5 565.5 (90.2) (483.3) (20.3) (70.8) (124.9) 297.1 (72.8) 120.6 324.0 51.2 225.5 99.4 186.2 (19.4) 133.5 47.1 31.7 33.7 26.9 26.9 (30.6) (36.2) 14.5
Stock Repurchased (651.0) (627.1) (561.6) (542.7) (378.3) (634.1) (233.5) (503.2) (290.9) (392.8) (56.9) (90.8) (15.4) (0.5) (49.1) (0.6) (1.5) (2.0) (1.8) (109.8) (118.8) (20.2) (25.6) (31.1) (71.8) (33.2) (16.7) (3.3) 0 0 0 0 0 0 0 (0.8) (0.6)
Dividends Paid (97.1) (93.4) (91.1) (88.9) (76.6) (56.6) (63.6) (61.7) (38.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (32.3) 4.1 42.9 (25.8) 5.0 23.1 11.2 9.9 61.6 2.5 37.2 28.3 40.2 39.5 28.2 12.9 45.0 43.8 38.5 19.9 3.9 0 0 0 0 0 0.1 (0.1) (0.1) 0 0.1 0 0.7 (0.6) 0 0.3 0.2
Financing Cash Flow (833.9) (816.5) (1,170.0) (1,119.5) (1,011.1) (753.3) (258.5) (214.3) (872.9) (442.3) 325.3 952.2 230.4 604.6 (111.1) (471.0) 23.2 (29.0) (88.2) 222.3 (142.9) 115.0 395.2 33.1 168.6 78.1 171.8 (19.1) 136.6 51.4 34.4 34.6 28.9 27.6 (12.3) (36.7) 14.1
Cash Position
Net Change in Cash (31.5) 26.1 (54.2) (285.9) 287.8 77.0 103.2 469.4 79.1 (285.3) 332.7 (186.7) (5.9) (127.5) (132.7) (768.7) 174.2 733.2 267.8 (56.7) 223.4 155.6 322.9 (80.5) 21.0 65.4 16.4 (67.4) 124.6 (4.9) (10.2) 5.7 (1.1) 2 21.2 1.2 (18)
Cash at Beginning 1,370.4 1,344.3 1,398.5 1,684.4 1,396.6 1,319.6 1,216.4 712.8 633.7 919.0 586.3 773.0 778.8 906.3 1,039.1 1,807.7 1,633.5 900.3 632.5 689.2 465.8 425.3 102.3 182.8 161.9 96.5 80.1 147.6 22.9 27.8 38 32.3 33.4 31.5 10.4 9.2 27.1
Cash at End 1,338.9 1,370.4 1,344.3 1,398.5 1,684.4 1,396.6 1,319.6 1,182.2 712.8 633.7 919.0 586.3 773.0 778.8 906.3 1,039.1 1,807.7 1,633.5 900.3 632.5 689.2 580.9 425.3 102.3 182.8 161.9 96.5 80.2 147.5 22.9 27.8 38 32.3 33.5 31.6 10.4 9.1
Free Cash Flow 1,026.2 936.5 1,193.5 915.1 1,236.2 898.6 350.7 574.2 930.8 120.3 50.7 298.1 (595.5) (183.5) 43.3 (151.1) 280.5 818.6 315.5 (146.2) 291.7 91.2 (61.5) (108.3) (163.4) (26.3) (140.3) (49.5) (12.2) (57.4) (49) (32.5) (56.9) (26.7) 27.1 31 (38.6)
Key Metrics 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 1988 1987 1986
Income Statement
Revenue 10,966.7 10,846.7 9,994.9 10,275.6 8,790.4 7,077.7 7,224.0 7,143.3 5,815.1 5,169.5 4,171.2 3,911.6 2,674.3 1,882.8 1,475.9 1,494.8 1,755.3 3,158.2 4,647.0 6,123.5 5,793.4 3,893.1 2,775.2 2,329.0 2,229.6 1,804.9 1,455.5 1,206.3 971.7 760.7 646.3 501.8 392.6 279.8 176 198.3 176.9 200.2 137.2 126.6
Gross Profit 2,847.0 3,022.5 2,634.2 2,486.4 1,942.9 1,417.7 1,415.3 1,470.3 1,252.8 1,025.4 902.0 829.8 541.0 350.7 215.1 111.7 (196.0) 121.5 624.0 1,721.0 1,866.3 1,130.0 779.9 648.0 605.9 446.6 330.8 278 227.5 183 164.2 124.3 104.4 78.8 43.7 52.5 57 200.2 137.2 126.6
Operating Income 1,720.6 2,040.2 1,724.8 1,508.6 1,020.9 550.3 680.8 786.2 644.9 490.1 446.9 397.2 201.1 63.4 (47.7) (174.3) (517.2) (400.5) (4.1) 1,025.6 1,258.2 749.0 491.6 411.8 337.9 267.7 194 165.7 137.1 110 101.6 72.8 58.4 43.2 14.8 22.6 26.4 46.3 36.9 27.9
Net Income 1,346.5 1,571.2 1,372.1 1,286.5 833.6 446.6 590.0 748.2 535.5 382.1 363.2 340.0 170.6 487.1 39.8 (3.4) (755.8) (297.8) 35.7 687.2 806.1 409.1 259.8 219.9 213.7 145.9 101.5 84.7 65 53.7 49.9 36.2 28 16.6 5 10 13.1 24.1 17.2 16.1
EPS (Diluted) 13.49 15.01 12.36 10.90 6.63 3.40 4.03 4.85 3.17 2.18 1.97 1.84 0.97 2.86 0.24 -0.02 -4.68 -1.88 0.22 4.17 4.78 2.52 1.72 1.46 1.38 0.98 0.68 0.56 0.45 0.38 0.35 0.26 0.21 0.13 0.04 0.09 0.11 0.20 0.14 0.11
Balance Sheet
Cash & Equivalents 1,259.0 1,303.0 1,300.1 1,346.8 1,638.5 1,370.9 1,286.0 1,182.2 712.8 633.7 919.0 586.3 773.0 778.8 906.3 1,039.1 1,807.7 1,633.5 900.3 632.5 689.2 465.8 425.3 102.3 182.8 161.9 96.5 80.1 147.6 22.9 27.8 38 32.3 33.4 31.5 10.4 9.2 0 0 0
Total Assets 14,519.9 13,367.9 12,527.0 12,288.7 11,537.9 11,065.7 10,828.1 10,244.6 9,445.2 9,736.8 9,206.5 8,416.9 6,827.5 6,187.1 5,055.2 5,171.6 5,634.4 6,586.8 7,220.3 7,583.5 6,343.8 4,905.6 3,787.4 2,895.4 2,532.2 2,030.3 1,668.1 1,254.5 1,118.6 837.9 692.5 586.9 476 384.8 312.4 316.5 348.2 256.6 181.8 108.2
Total Debt 2,916.3 2,961.5 2,984.3 3,469.1 3,795.5 4,207.8 3,921.3 3,698.2 3,220.0 3,775.5 3,790.2 3,381.1 2,503.7 2,252.9 1,654.9 1,711.0 2,135.4 2,137.9 2,265.8 2,347.8 1,830.3 1,728.1 1,498.3 1,121.9 1,057.0 796.0 682.7 453 512.1 343.3 284.2 250.2 210 179 145.3 179.2 217.8 69.6 30 30
Stockholders' Equity 8,270.7 7,670.9 6,797.2 6,006.1 5,295.0 4,875.2 5,071.8 4,760.2 4,531.2 4,229.3 4,222.6 3,854.4 3,333.0 3,121.7 2,586.4 2,555.5 2,513.2 3,237.7 3,527.2 3,415.9 2,763.6 1,920.0 1,476.6 1,129.5 912.6 745.1 616.3 525.8 385.3 314.7 256.7 204.2 167 136.4 117.9 94.6 85.4 72.8 48.8 31.4
Cash Flow
Operating Cash Flow 1,112.4 1,010.2 1,266.4 986.8 1,303.1 1,008.1 437.7 602.4 959.7 148.8 60.2 313.2 (569.0) (169.0) 52.9 (146.3) 283.2 826.8 330.5 (104.5) 334.7 111.6 (46.1) (94.1) (148.4) (16.9) (120.9) (46.7) (6.9) (53.8) (46.5) (29.5) (55.1) (25.3) 27.6 31.6 (36.1)
Capital Expenditure (86.2) (73.6) (73.0) (71.7) (66.9) (109.6) (87.0) (28.2) (28.9) (28.4) (9.4) (15.1) (26.6) (14.5) (9.6) (4.8) (2.7) (8.2) (15.0) (41.7) (43.0) (20.4) (15.5) (14.2) (15.0) (9.4) (19.4) (2.8) (5.3) (3.6) (2.5) (3) (1.8) (1.4) (0.5) (0.6) (2.5)
Free Cash Flow 1,026.2 936.5 1,193.5 915.1 1,236.2 898.6 350.7 574.2 930.8 120.3 50.7 298.1 (595.5) (183.5) 43.3 (151.1) 280.5 818.6 315.5 (146.2) 291.7 91.2 (61.5) (108.3) (163.4) (26.3) (140.3) (49.5) (12.2) (57.4) (49) (32.5) (56.9) (26.7) 27.1 31 (38.6)