Terreno Realty Corporation logo TRNO - Terreno Realty Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 21
HOLD 10
SELL 1
STRONG
SELL
0
| PRICE TARGET: $70.67 DETAILS
HIGH: $79.00
LOW: $60.00
MEDIAN: $72.00
CONSENSUS: $70.67
UPSIDE: 6.99%
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 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1
Revenue
Revenue 124.4 137.5 116.2 112.2 110.4 103.7 99.6 94.2 85.0 86.5 82.9 79.5 74.7 76.0 70.8 65.4 64.0 60.7 57.3 53.3 50.7 48.9 47.1 45.7 45.1 45.0 43.4 41.7 40.9 39.4 37.9 37.2 37.1 34.6 33.6 32.8 31.4 29.8 27.1 25.8 25.7 24.2 24.3 24.2 23.1 18.7 17.7 16.6 15.8 13.2 11.5 10.8 10.5 8.6 9.1 7.6 6.6 5.6 4.8 3.8 3.4 3.0 0.6 0.3 0.0
Cost of Revenue 90.8 30.2 28.2 27.9 28.8 27.8 25.6 23.8 20.9 21.5 20.5 18.6 18.4 18.0 17.2 16.8 16.9 15.2 14.2 13.3 13.5 13.0 12.2 11.9 12.0 11.8 11.0 10.7 10.7 10.3 9.5 10.3 9.9 9.9 9.0 8.5 8.5 8.2 7.3 7.1 7.8 6.9 6.4 6.2 7.1 5.2 4.8 4.4 4.8 3.6 3.3 3.0 3.0 2.6 2.4 2.1 1.9 1.7 1.7 1.5 1.5 1.0 0.2 0.1 0.0
Gross Profit 33.7 107.3 88.0 84.3 81.7 75.9 74.0 70.5 64.1 65.0 62.4 60.9 56.2 58.0 53.6 48.5 47.1 45.5 43.1 40.0 37.2 35.9 34.9 33.8 33.2 33.2 32.4 31.0 30.2 29.1 28.4 26.9 27.2 24.8 24.6 24.3 22.9 21.7 19.8 18.7 17.9 17.3 17.9 18.0 16.0 13.6 12.9 12.2 11.0 9.5 8.2 7.8 7.5 6.0 6.6 5.5 4.7 3.9 3.1 2.3 1.9 2.1 0.4 0.2 0.0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 12.4 11.6 11.6 12.3 11.7 10.8 10.8 10.5 10.5 9.7 9.1 9.8 9.3 8.2 8.1 7.3 7.5 7.7 6.8 6.9 5.6 6.9 5.1 5.7 5.8 6.1 5.1 6.8 6.0 6.4 5.0 5.0 5.1 4.4 5.0 6.0 4.2 6.0 5.6 4.3 3.4 4.7 3.2 3.1 3.8 1.8 2.8 2.5 2.4 2.3 1.8 2.4 2.0 1.5 1.6 1.9 1.4 1.3 1.0 1.5 1.6 1.2 1.2 1.1 0.6
Other Expenses (29.5) 38.3 28.4 28.0 26.9 25.9 24.1 23.0 20.9 0 0 0 0 0 0 0 0 0 0 0 0 11.2 0 0 0 0 11.1 10.6 10.4 10.2 10.1 9.8 10.7 10.0 9.6 9.1 9.2 9.2 8.9 8.1 8.3 12.1 8.1 8.2 7.6 5.1 4.9 4.8 4.4 3.7 3.3 2.9 2.7 3.0 2.5 1.9 1.8 1.5 1.4 1.0 1.0 0.8 0.2 0.2 0.0
Operating Expenses (17.0) 49.9 40.0 40.4 38.7 36.7 34.8 33.6 31.4 9.7 9.1 9.8 9.3 8.2 8.1 7.3 7.5 7.7 6.8 6.9 5.6 18.1 5.1 5.7 5.8 6.1 16.2 17.4 16.4 16.6 15.1 14.8 15.8 14.4 14.6 15.1 13.4 15.2 14.4 12.4 11.7 16.8 11.3 11.3 11.5 7.0 7.8 7.2 6.7 5.9 5.1 5.3 4.7 4.5 4.1 3.8 3.2 2.8 2.4 2.5 2.6 2.0 1.5 1.3 0.6
Operating Income
Operating Income 50.7 57.4 48.1 44.0 43.0 39.2 39.2 36.9 32.7 55.2 53.3 51.2 46.9 49.8 45.5 41.2 39.6 37.8 36.3 33.1 31.6 17.7 29.8 28.1 27.4 27.1 18.7 14.4 19.8 27.5 14.5 24.8 14.7 15.5 25.4 19.3 9.6 5.5 6.3 5.9 10.5 3.7 6.4 12.8 1.3 4.6 3.7 3.3 3.4 5.3 2.9 2.4 2.3 5.3 2.1 1.4 0.7 0.8 0.5 (1.5) (0.9) (0.3) (2.6) (1.2) (0.8)
Interest Expense 9.0 9.5 8.4 7.0 7.9 5.3 4.9 5.5 5.2 5.7 5.8 5.9 7.4 7.5 6.3 5.0 5.1 5.2 4.7 4.0 4.1 4.2 3.9 3.9 4.0 4.1 4.0 4.1 4.3 4.5 4.4 4.6 4.7 4.7 4.5 3.8 3.8 3.6 3.3 3.1 3.1 3.1 2.2 2.2 2.2 1.9 1.5 1.7 1.6 1.6 1.5 1.5 1.5 1.7 1.6 1.1 1.0 1.0 0.8 0.5 0.4 0.3 0.1 0.1 0
Interest Income 0 0.8 1.4 1.9 1.2 2.5 2.3 4.3 2.9 0.9 1.1 1.0 2.0 0.4 0.2 0.1 0.1 0.1 0.2 0.2 0.2 0.1 0.1 0.2 0.6 0.6 0.8 0.8 1.5 1.3 1.3 0.9 0.1 0.1 0.0 0.0 0.0 0.0 0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0.0 0.1 0.0 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 107.9 206.0 140.1 128.3 83.0 107.3 65.6 64.2 62.2 52.0 49.8 47.5 43.4 44.4 41.3 37.7 36.5 35.2 34.2 31.5 30.2 27.6 28.5 26.8 26.0 25.6 26.0 23.2 29.3 24.1 23.2 22.8 22.1 20.3 18.9 18.3 18.4 14.7 13.9 14.1 14.5 12.5 14.4 15.0 9.0 9.8 9.8 9.5 8.4 5.9 6.2 4.8 4.7 2.5 3.9 2.6 2.3 2.7 1.9 0.9 0.4 1.1 (0.7) (0.8) (0.6)
EBIT 78.4 167.7 111.7 100.3 56.1 81.4 41.5 41.2 41.3 36.6 35.0 32.9 28.7 31.3 28.5 25.9 24.6 24.1 22.6 21.2 20.2 17.7 17.7 16.7 16.3 15.3 18.7 14.4 19.8 27.5 14.5 24.8 14.7 15.5 10.0 19.3 9.6 6.5 6.3 5.9 10.5 3.7 6.6 12.8 1.3 4.6 4.9 5.0 4.3 3.6 3.2 1.9 2.1 (0.7) 1.5 0.9 0.5 1.1 0.4 (0.2) (0.7) 0.1 (1.0) (1.0) (0.6)
Income Before Tax 69.4 158.2 103.4 93.3 48.1 76.1 36.6 35.7 36.1 57.6 30.3 40.3 23.3 58.9 22.4 97.0 19.7 32.3 21.4 17.4 16.3 13.5 22.7 30.7 12.9 14.8 14.8 10.4 15.5 23.0 10.1 20.1 10.1 10.8 20.9 15.5 5.8 1.8 3.1 2.8 7.4 0.6 4.2 10.7 (0.8) 2.8 3.4 2.7 1.8 0.6 0.9 0.4 0.8 3.6 0.5 0.3 (0.3) (0.2) (0.3) (2.0) (1.3) (0.6) (2.7) (1.3) (0.8)
Income Tax Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.0 4.1 0 0 4.4 0 4.7 4.7 4.5 3.8 0 3.6 3.3 3.1 3.1 3.1 2.2 2.2 2.2 1.9 1.5 1.7 1.6 (3.1) (0.4) (0.5) 1.5 (3.6) (0.5) (0.3) 0.3 0.2 0.3 2.0 1.3 0.6 2.7 1.3 0.8
Net Income 69.4 158.2 103.4 93.3 48.1 76.1 36.6 35.7 36.1 57.6 30.3 40.3 23.3 58.9 22.4 97.0 19.7 32.3 21.4 17.4 16.3 13.5 22.7 30.7 12.9 14.8 14.8 10.4 15.5 23.0 10.1 20.1 10.1 10.8 20.9 15.5 5.8 1.8 3.1 2.8 7.4 0.6 4.2 10.7 (0.8) 2.8 3.4 2.7 1.8 3.7 1.3 0.8 0.8 3.6 0.5 0.3 (0.3) (0.2) (0.3) (2.0) (1.3) (0.6) (2.7) (1.3) (0.8)
Per Share Data
EPS (Basic) 0.66 1.52 1.00 0.90 0.48 0.76 0.37 0.37 0.40 0.65 0.36 0.48 0.29 0.77 0.21 1.28 0.19 0.38 0.30 0.25 0.24 0.14 0.33 0.45 0.19 0.16 0.22 0.16 0.25 0.37 0.17 0.35 0.18 0.11 0.36 0.29 0.10 0.04 0.05 0.04 0.15 -0.06 0.08 0.23 -0.02 0.02 0.08 0.06 0.04 0.15 0.02 0.04 -0.01 0.45 -0.01 0.02 -0.02 -0.02 -0.03 -0.21 -0.14 -0.07 -0.30 -0.15 -0.08
EPS (Diluted) 0.66 1.52 1.00 0.90 0.47 0.76 0.37 0.37 0.40 0.65 0.36 0.48 0.29 0.77 0.21 1.28 0.19 0.38 0.30 0.25 0.24 0.14 0.33 0.45 0.19 0.16 0.22 0.16 0.25 0.37 0.17 0.35 0.18 0.11 0.36 0.29 0.10 0.04 0.05 0.04 0.15 -0.06 0.08 0.23 -0.02 0.02 0.08 0.06 0.04 0.15 0.02 0.04 -0.01 0.45 -0.01 0.02 -0.02 -0.02 -0.03 -0.21 -0.14 -0.07 -0.30 -0.15 -0.08
Shares Outstanding 104.9 103.6 102.9 102.9 100.8 99.2 97.6 96.3 88.9 87.5 84.0 83.1 79.9 76.0 75.5 75.3 75.2 70.5 70.5 69.6 68.6 68.6 68.1 67.6 67.1 67.1 65.7 63.8 61.5 61.5 58.4 56.7 55.1 54.6 52.8 50.3 47.6 46.3 45.8 43.8 43.0 42.9 42.9 42.9 42.7 42.7 32.9 28.4 24.9 24.9 24.2 19.1 15.8 15.8 13.3 13.3 12.7 12.7 9.2 9.2 9.1 9.1 9.1 9.1 9.1
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 2010 Q2 2010 Q1
Current Assets
Cash & Cash Equivalents 87.9 25.0 26.2 128.4 156.5 18.1 243.7 182.0 649.6 165.4 96.2 58.9 11.1 26.4 10.2 7.2 106.3 204.4 68.7 40.0 29.4 107.2 155.3 148.3 69.7 110.1 54.6 117.2 59.8 31.0 3.6 27.7 7.5 35.7 109.1 4.5 11.1 14.2 10.9 22.2 3.6 162.3 163.3
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
Net Receivables 0 0 73.4 68.6 67.5 62.9 60.3 54.2 55.1 56.1 52.7 50.7 0 47.4 44.1 42.7 42.7 39.2 0 0 0 0 0 0 10.9 15.9 15.8 15.8 15.8 54.5 54.3 54.2 23.8 23 21.2 26.5 23.1 21.6 19.1 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 0 0 0 0 0 (0.0) (0.0) (0.0) (0.0) (0.1) (0.1) (0.1) (0.0) (0.0) (0.1) (0.1) (0.3) (0.1) (0.1) (0.2) 0 0
Other Current Assets 0 2.9 (42.4) (6.6) (66.9) (56.4) (49.2) 0.5 10.9 0.8 11.3 1.1 14.9 1.7 11.0 3.1 33.8 0.4 23.3 2.8 1.0 0.7 0.7 12.3 32.1 2.7 8.9 3.0 2.6 3.5 7.0 5.5 4.0 7.1 10.3 27.8 21.0 4.3 3.5 6.1 2.3 0 0
Total Current Assets 87.9 27.9 57.2 190.4 157.1 24.6 254.8 236.7 715.5 222.3 160.2 110.7 26.0 75.5 65.3 53.0 182.8 244.0 92.0 42.7 30.4 107.8 156.0 160.6 112.8 128.6 79.2 135.9 78.2 89.0 64.9 87.4 11.5 42.8 119.4 32.2 32.1 18.5 14.5 28.3 5.9 162.3 163.3
Non-Current Assets
Property, Plant & Equipment 0 0 0 4,602.6 4,565.1 4,562.5 0 4,129.6 3,652.5 3,516.0 3,516.9 3,458.2 0 3,038.4 2,988.3 2,919.0 2,688.6 2,629.6 0 0 0 0 0 0 0 0 1,903.0 1,771.5 1,715.5 1,651.6 1,556.0 1,544.4 1,537.6 1,470.7 1,366.5 1,345.6 1,230.5 1,212.1 1,167.2 1,146.6 1,099.2 12.6 12.8
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 217.4 223.5 231.3 213.5 210.8 208.5 177.3 72.4 46.3 147.3 43.2 47.8 49.5 36.8 41.2 40.9 34.6 38.2 101.2 96.6 92.9 88.9 86.2 87.8 87.7 88.6 89.9 86.2 82.8 79.3 79.4 76.6 76.0 76.0 70.4 68.1 62.2 62.6 60.7 57.2 55.7 0 0
Long-Term Investments 5,329.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,130.2 1,987.3 1,919.7 1,845.8 1,797.5 1,722.3 1,709.7 1,636.9 1,520.1 1,468.4 1,347.3 1,342.8 1,290.0 1,238.9 1,206.1 0 0
Other Non-Current Assets (5,329.7) 5,136.6 5,040.8 (24.2) (26.3) (25.5) 0 28.2 24.5 19.0 19.2 20.8 3,502.9 13.8 13.9 16.0 14.3 12.4 2,278.3 2,114.7 2,048.4 1,943.1 1,894.5 1,887.0 1,886.0 1,891.3 1,876.1 1,745.4 1,699.2 1,628.3 1,586.9 1,522.6 1,516.5 1,449.0 1,346.2 1,310.4 1,197.5 1,197.9 1,154.3 1,122.1 1,089.3 1.3 1.0
Total Non-Current Assets 217.4 5,360.2 5,272.0 4,791.9 4,749.5 4,745.5 177.3 4,230.2 3,723.2 3,682.3 3,579.3 3,526.7 3,552.4 3,089.0 3,043.4 2,975.8 2,737.5 2,680.2 2,379.5 2,211.3 2,141.3 2,032.0 1,980.7 1,974.8 1,973.6 1,979.9 1,966.0 1,831.6 1,782.0 1,707.5 1,666.3 1,599.2 1,592.5 1,525.1 1,416.6 1,378.5 1,259.6 1,260.5 1,214.9 1,179.4 1,145.0 13.9 13.8
Total Assets 5,551.8 5,388.1 5,329.2 4,982.2 4,906.7 4,770.2 4,570.9 4,466.8 4,438.8 3,904.7 3,739.5 3,637.5 3,578.4 3,164.4 3,108.7 3,028.9 2,920.3 2,924.2 2,471.5 2,254.0 2,171.7 2,139.8 2,136.7 2,135.4 2,086.4 2,108.5 2,045.3 1,967.6 1,860.2 1,796.5 1,731.2 1,686.6 1,604.1 1,567.9 1,536.0 1,410.8 1,291.7 1,279.0 1,229.4 1,207.6 1,150.9 176.2 177.1
Current Liabilities
Account Payables 96.4 77.3 82.7 73.4 66.7 79.2 89.9 73.1 58.9 61.8 69.2 59.3 52.0 49.7 53.3 52.8 40.4 45.0 40.4 35.4 24.0 26.7 29.2 23.3 20.0 27.7 25.4 23.6 24.8 24.9 22.7 22.0 18.0 21.3 22.4 20.7 19.1 18.2 22.9 16.7 11.5 0.8 0.6
Short-Term Debt 50 200 280 0 0 82 0 100 100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0 5 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (248.5) (248.4) (248.3) 0 0 0 0 (248.0) (247.9) 0 0 0 0 (99.0) 0 0 0
Other Current Liabilities (151.7) 0 0 0 0 0 0 43.5 43.5 39.1 38.4 33.5 0 30.8 30.4 25.7 25.7 25.6 0 0 0 0 0 0 0 0 (10.9) (9.8) (7.2) 223.4 225.5 226.1 230.0 226.7 225.5 127.9 129.6 130.4 125.1 82.3 82.6 0 0.1
Total Current Liabilities 50 331.5 416.5 124.1 117.3 210.1 138.8 217.6 203.3 100.8 108.3 93.5 85.2 80.4 84.4 79.1 66.5 70.6 64.6 55.9 44.1 54.0 54.5 46.9 43.3 57.5 53.7 48.3 46.5 70.6 68.0 48.2 77.2 45.3 45.1 60.9 51.2 89.9 59.9 30.0 28.3 0.8 0.7
Non-Current Liabilities
Long-Term Debt 892.0 743.3 742.9 742.4 741.9 741.4 672.2 672.0 671.8 771.6 771.4 771.1 770.9 770.8 780.6 733.1 720.9 720.7 596.6 448.2 448.0 459.1 459.1 459.0 459.0 491.6 442.5 442.7 442.9 462.1 482.7 466.5 501.8 461.7 462.0 384.1 379.4 415.3 384.2 375.5 381.2 0 0
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 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 200.2 167.0 174.3 172.8 151.9 156.3 128.6 132.8 115.1 117.7 119.8 121.2 122.3 83.3 87.7 83.1 75.7 74.9 59.8 48.2 45.9 38.5 38.6 40.2 41.4 42.3 (152.3) (160.5) (164.8) (161.7) (166.6) (171.0) (176.4) (169.3) (172.0) (79.1) (100.8) (96.7) (96.1) (56.7) (64.0) 7.1 7
Total Non-Current Liabilities 1,206.2 910.3 917.1 915.2 893.8 897.7 800.8 808.6 790.9 889.2 894.2 895.7 893.3 854.1 872.1 820.2 799.5 795.6 656.4 496.3 493.9 497.6 497.7 499.3 500.4 533.9 485.7 483.1 480.5 478.1 496.2 495.3 496.1 495.1 492.8 392.7 376.1 377.2 376.8 387.8 387.9 7.1 7
Total Liabilities 1,256.2 1,241.8 1,333.6 1,039.2 1,011.1 1,107.8 939.6 1,026.2 994.2 990.0 1,002.5 989.2 978.5 934.6 956.6 899.3 866.1 866.3 721.0 552.2 538.0 551.6 552.2 546.1 543.7 591.3 539.4 531.4 527.0 548.7 564.2 543.5 573.3 540.4 537.8 453.7 427.3 467.2 436.6 417.8 416.3 7.9 7.7
Stockholders' Equity
Common Stock (35.5) 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.1 0.1
Retained Earnings 303.3 289.1 185.0 135.4 92.8 95.3 68.1 80.3 88.1 95.6 77.1 85.2 78.4 88.3 60.1 68.1 (3.2) 2.8 (3.8) (1.0) 2.1 5.9 12.3 9.4 (2.8) 2.6 6.0 9.3 14.6 14.2 5.9 9.9 2.6 4.8 6.1 0 0 0 0 0 0 (2.1) (0.8)
Accumulated Other Comprehensive Income 0 0 (33.2) 0 0 (31.1) (31.8) (31.8) (31.8) (31.8) (32.1) (32.1) 0 (26.5) (27.0) (27.0) (26.7) (15.2) 0 0 (0.1) (0.2) (0.3) (0.3) (0.4) (0.4) (0.5) (0.6) (0.7) (0.8) (0.8) (0.9) (1.0) (1.0) (1.1) (1.1) (1.0) (0.9) (1.1) (1.1) (1.0) (0.2) (0.0)
Total Stockholders' Equity 4,295.6 4,146.3 3,995.6 3,943.0 3,895.5 3,662.3 3,631.3 3,440.7 3,444.6 2,914.6 2,737.0 2,648.3 2,599.9 2,229.9 2,152.1 2,129.6 2,054.3 2,058.0 1,750.5 1,701.8 1,633.7 1,588.2 1,584.5 1,589.3 1,542.7 1,517.1 1,505.9 1,436.2 1,333.2 1,247.8 1,167.0 1,143.1 1,030.7 1,027.5 998.2 957.1 864.4 811.8 792.8 789.8 734.6 168.3 169.4
Total Liabilities & Equity 5,551.8 5,388.1 5,329.2 4,982.2 4,906.7 4,770.2 4,570.9 4,466.8 4,438.8 3,904.7 3,739.5 3,637.5 3,578.4 3,164.4 3,108.7 3,028.9 2,920.3 2,924.2 2,471.5 2,254.0 2,171.7 2,139.8 2,136.7 2,135.4 2,086.4 2,108.5 2,045.3 1,967.6 1,860.2 1,796.5 1,731.2 1,686.6 1,604.1 1,567.9 1,536.0 1,410.8 1,291.7 1,279.0 1,229.4 1,207.6 1,150.9 176.2 177.1
Debt Metrics
Total Debt 1,056.0 943.3 1,022.9 742.4 741.9 823.4 672.2 776.7 776.7 771.6 775.1 775.1 770.9 770.8 785.2 737.6 724.3 720.7 596.6 448.2 448.0 459.1 459.1 459.0 459.0 491.6 442.5 442.7 442.9 462.1 482.7 466.5 501.8 461.7 462.0 384.1 379.4 415.3 384.2 375.5 381.2 0 0
Net Debt 968.1 918.3 996.7 614.0 585.4 805.4 428.5 594.7 127.1 606.2 679.0 716.2 759.9 744.4 775.0 730.4 618.0 516.3 527.9 408.2 418.6 351.9 303.8 310.8 389.3 381.5 387.9 325.5 383.1 431.1 479.1 438.8 494.3 426.0 352.9 379.6 368.4 401.1 373.3 353.3 377.6 (162.3) (163.3)
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 69.1 158.2 103.4 93.3 48.1 76.1 36.6 35.7 36.1 57.6 30.3 40.3 23.3 58.9 22.4 97.0 19.7 32.3 21.4 17.4 16.3 13.5 22.7 30.7 12.9 14.8 14.8 10.4 15.5 23.0 10.1 20.1 10.1 10.8 20.9 15.5 5.8 1.8 3.1 2.8 7.4
Depreciation & Amortization 29.5 25.2 22.5 22.7 21.9 21.0 19.5 18.6 17.6 15.3 14.8 14.6 14.6 13.1 12.8 11.8 11.9 11.1 11.6 10.3 9.9 9.8 10.8 10.1 9.7 10.3 9.8 9.6 9.5 9.2 9.2 8.9 9.9 9.4 8.9 8.6 8.8 8.8 8.6 7.8 7.9
Stock-Based Compensation 0 4.3 4.3 4.9 4.3 3.8 3.8 4.0 3.4 3.3 3.3 3.8 3.0 2.7 2.7 2.0 2.8 2.5 2.4 2.7 2.0 3.5 1.9 2.3 2.2 2.5 2.0 3.7 2.5 3.2 1.8 2.2 2.0 1.5 2.4 3.3 1.5 3.5 3.0 1.9 1.0
Change in Working Capital (3.0) (5.4) 15.4 (2.7) 2.0 (7.8) 12.9 7.7 (3.2) (9.7) 6.8 3.8 (0.4) (2.7) 10.4 2.2 (4.3) 3.8 9.1 4.5 (1.0) (2.1) 3.0 (1.6) (2.6) 1.5 (0.0) 1.1 (2.6) (0.9) 0.8 2.3 (3.3) (0.3) 3.8 0.9 0.7 (0.7) 3.5 1.0 (1.3)
Other Non-Cash Items (33.7) (112.1) (66.0) (57.5) (14.9) (41.8) (2.7) (1.6) (6.8) (27.5) (1.9) (13.9) (1.8) (37.8) (2.5) (77.9) (2.0) (16.0) (5.2) (1.8) (1.0) (1.0) (6.4) (18.3) 0.0 (2.9) (2.0) (0.6) (5.2) (13.9) (0.5) (12.6) (4.0) (5.6) (16.0) (10.8) (0.8) (1.4) (2.0) (1.0) (6.5)
Operating Cash Flow 61.9 70.3 79.5 60.6 61.4 51.3 70.0 64.3 47.0 39.1 53.3 48.6 38.8 34.2 45.8 35.2 28.0 33.8 39.2 33.1 26.2 23.7 32.0 23.2 22.2 26.2 24.5 24.2 19.8 20.6 21.4 21.0 14.7 15.8 20.0 17.5 16.1 12.1 16.1 12.5 8.6
Investing Activities
Capital Expenditure (24.6) (20.4) (14.0) (10.0) (18.9) (15.8) (13.8) (48.3) (40.1) (13.8) (12.4) (13.0) (13.9) (15.8) (20.5) (11.7) (18.6) (13.0) (18.0) (12.5) (7.9) (8.3) (8.4) (6.6) (8.4) (9.8) (4.2) (9.6) (8.4) (9.3) (6.4) (7.6) (5.7) (8.5) (6.3) (6.2) (6.4) (8.8) (7.1) (6.2) (4.9)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (103.4) 0 0 (126.1) 0 (464.1) (7.9) (450.3) (18.7) (197.9) (14.4) (13.5) (364.6) (88.4) (67.9) (208.9) (68.1) (319.9) (165.0) (55.7) (104.4) (51.3) (6.4) (10.3) (30.1) (21.9) (143.6) (47.5) (25.8) (52.7) (68.3) (15.5) (85.4) (107.0) (51.8) (123.2) (15.1) (45.2) (37.2) 0 0
Sales/Maturities of Investments 54.4 0 0 111.6 24.0 61.7 0 0 10.2 48.5 0 24.6 0 55.3 0 106.8 0 31.5 9.6 0 0 0 21.0 49.7 0 21.8 13.3 0 12.0 36.6 0 23.1 19.8 11.2 39.0 25.1 0 0 5.0 0 0
Other Investing Activities 0 39.8 (395.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.9 5.0 0 0 0 0 0 0 (54.1) 0 0 0 0 0 0 0 (26.2) (12.3)
Investing Cash Flow (73.7) 19.4 (409.7) (38.2) (23.8) (310.0) (58.3) (498.5) (48.6) (90.8) (73.1) (19.1) (387.4) (23.9) (94.7) (122.2) (96.8) (306.5) (176.5) (71.0) (112.4) (60.6) 2.9 41.7 (36.2) (14.8) (143.6) (65.4) (27.7) (30.0) (77.2) (55.9) (71.8) (104.3) (19.1) (104.2) (21.5) (57.9) (44.1) (32.4) (16.9)
Financing Activities
Net Debt Issuance (1.8) (80) 280 0 (82) 82 (100) 0 0 0 0 0 0 (10) 48 12 0 125 150 (0.1) (11.3) (0.1) (0.1) (0.1) (32.7) 49.6 (0.4) (0.4) (19.4) (20.6) 16.0 (35.5) 39.9 (0.5) 78.5 4.5 (36.0) 31.0 9.6 (5.6) (0.3)
Stock Repurchased (2.3) 0 (1.3) (0.1) (1.9) 0 (2.3) (0.1) (1.0) (0.0) (0.8) (0.1) (0.6) (0.0) (0.5) 0 (0.5) 0 0 0 (0.6) 0 (9.6) 0 (0.2) 0 0 0 (4.0) 0 0 0 (3.9) 0 (46) 0 (3.4) 0 0 0 (1.6)
Dividends Paid (54.1) (53.8) (50.6) (50.6) (48.9) (48.9) (43.5) (43.5) (39.1) (38.4) (33.5) (33.2) (30.8) (30.4) (25.7) (25.7) (25.6) (24.2) (20.4) (20.1) (19.9) (19.8) (18.5) (18.3) (18.2) (18.1) (15.7) (15.1) (14.6) (14.2) (12.9) (12.2) (12.2) (12.0) (10.7) (10.8) (10.4) (10.2) (9.2) (8.7) (8.7)
Other Financing Activities 0 (0.6) 0 0 0 0 (5.8) 0 0 0 0 0 0 0 (0.6) (0.5) (0.4) (1.2) (2.7) 0.0 (0.0) 0 0 0 0 (0.9) 0 0 0 (1.4) (0.0) 0 (0.0) 0 (0.9) 0 53.9 (0.4) (2.6) (1.0) 0
Financing Cash Flow 74.7 (90.8) 228.1 (50.7) 101.2 33.1 49.8 (43.8) 495.8 117.7 60.1 16.9 334.1 6.8 49.6 (12.2) (26.5) 403.8 168.3 50.3 8.8 (11.3) (27.7) 13.8 (28.7) 43.9 56.3 99.0 35.8 35.8 30.6 56.7 25.9 17.9 103.4 78.6 4.1 49.1 16.8 38.5 (10.6)
Cash Position
Net Change in Cash 63.0 (1.2) (102.1) (28.3) 138.8 (225.6) 61.5 (478.0) 494.2 66.0 40.2 46.4 (14.4) 17.1 0.7 (99.2) (95.3) 131.1 31.0 12.3 (77.4) (48.2) 7.2 78.8 (42.7) 55.3 (62.7) 57.8 27.9 26.4 (25.2) 21.7 (31.3) (70.5) 104.3 (8.0) (1.4) 3.3 (11.3) 18.6 (18.9)
Cash at Beginning 25.6 26.8 128.8 157.1 18.4 243.9 182.4 660.4 166.2 100.2 60.0 13.7 28.1 11.0 10.3 109.5 204.8 73.7 42.7 30.4 107.8 156.0 148.8 70.0 112.7 57.4 120.2 62.4 34.5 8.1 33.2 11.5 42.8 113.3 9.0 17.1 18.5 10.9 22.2 3.6 22.4
Cash at End 88.6 25.6 26.8 128.8 157.1 18.4 243.9 182.4 660.4 166.2 100.2 60.0 13.7 28.1 11.0 10.3 109.5 204.8 73.7 42.7 30.4 107.8 156.0 148.8 70.0 112.7 57.4 120.2 62.4 34.5 8.1 33.2 11.5 42.8 113.3 9.0 17.1 14.2 10.9 22.2 3.6
Free Cash Flow 37.3 49.8 65.5 50.6 42.5 35.5 56.2 16.1 6.9 25.3 40.9 35.5 24.9 18.4 25.3 23.5 9.4 20.8 21.3 20.6 18.3 15.4 23.6 16.7 13.8 16.4 20.3 14.5 11.4 11.3 15 13.4 9.0 7.4 13.7 11.4 9.7 3.3 9.0 6.3 3.7
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 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1
Income Statement
Revenue 124.4 137.5 116.2 112.2 110.4 103.7 99.6 94.2 85.0 86.5 82.9 79.5 74.7 76.0 70.8 65.4 64.0 60.7 57.3 53.3 50.7 48.9 47.1 45.7 45.1 45.0 43.4 41.7 40.9 39.4 37.9 37.2 37.1 34.6 33.6 32.8 31.4 29.8 27.1 25.8 25.7 24.2 24.3 24.2 23.1 18.7 17.7 16.6 15.8 13.2 11.5 10.8 10.5 8.6 9.1 7.6 6.6 5.6 4.8 3.8 3.4 3.0 0.6 0.3 0.0
Gross Profit 33.7 107.3 88.0 84.3 81.7 75.9 74.0 70.5 64.1 65.0 62.4 60.9 56.2 58.0 53.6 48.5 47.1 45.5 43.1 40.0 37.2 35.9 34.9 33.8 33.2 33.2 32.4 31.0 30.2 29.1 28.4 26.9 27.2 24.8 24.6 24.3 22.9 21.7 19.8 18.7 17.9 17.3 17.9 18.0 16.0 13.6 12.9 12.2 11.0 9.5 8.2 7.8 7.5 6.0 6.6 5.5 4.7 3.9 3.1 2.3 1.9 2.1 0.4 0.2 0.0
Operating Income 50.7 57.4 48.1 44.0 43.0 39.2 39.2 36.9 32.7 55.2 53.3 51.2 46.9 49.8 45.5 41.2 39.6 37.8 36.3 33.1 31.6 17.7 29.8 28.1 27.4 27.1 18.7 14.4 19.8 27.5 14.5 24.8 14.7 15.5 25.4 19.3 9.6 5.5 6.3 5.9 10.5 3.7 6.4 12.8 1.3 4.6 3.7 3.3 3.4 5.3 2.9 2.4 2.3 5.3 2.1 1.4 0.7 0.8 0.5 (1.5) (0.9) (0.3) (2.6) (1.2) (0.8)
Net Income 69.4 158.2 103.4 93.3 48.1 76.1 36.6 35.7 36.1 57.6 30.3 40.3 23.3 58.9 22.4 97.0 19.7 32.3 21.4 17.4 16.3 13.5 22.7 30.7 12.9 14.8 14.8 10.4 15.5 23.0 10.1 20.1 10.1 10.8 20.9 15.5 5.8 1.8 3.1 2.8 7.4 0.6 4.2 10.7 (0.8) 2.8 3.4 2.7 1.8 3.7 1.3 0.8 0.8 3.6 0.5 0.3 (0.3) (0.2) (0.3) (2.0) (1.3) (0.6) (2.7) (1.3) (0.8)
EPS (Diluted) 0.66 1.52 1.00 0.90 0.47 0.76 0.37 0.37 0.40 0.65 0.36 0.48 0.29 0.77 0.21 1.28 0.19 0.38 0.30 0.25 0.24 0.14 0.33 0.45 0.19 0.16 0.22 0.16 0.25 0.37 0.17 0.35 0.18 0.11 0.36 0.29 0.10 0.04 0.05 0.04 0.15 -0.06 0.08 0.23 -0.02 0.02 0.08 0.06 0.04 0.15 0.02 0.04 -0.01 0.45 -0.01 0.02 -0.02 -0.02 -0.03 -0.21 -0.14 -0.07 -0.30 -0.15 -0.08
Balance Sheet
Cash & Equivalents 87.9 25.0 26.2 128.4 156.5 18.1 243.7 182.0 649.6 165.4 96.2 58.9 11.1 26.4 10.2 7.2 106.3 204.4 68.7 40.0 29.4 107.2 155.3 148.3 69.7 110.1 54.6 117.2 59.8 31.0 3.6 27.7 7.5 35.7 109.1 4.5 11.1 14.2 10.9 22.2 3.6 162.3 163.3
Total Assets 5,551.8 5,388.1 5,329.2 4,982.2 4,906.7 4,770.2 4,570.9 4,466.8 4,438.8 3,904.7 3,739.5 3,637.5 3,578.4 3,164.4 3,108.7 3,028.9 2,920.3 2,924.2 2,471.5 2,254.0 2,171.7 2,139.8 2,136.7 2,135.4 2,086.4 2,108.5 2,045.3 1,967.6 1,860.2 1,796.5 1,731.2 1,686.6 1,604.1 1,567.9 1,536.0 1,410.8 1,291.7 1,279.0 1,229.4 1,207.6 1,150.9 176.2 177.1
Total Debt 1,056.0 943.3 1,022.9 742.4 741.9 823.4 672.2 776.7 776.7 771.6 775.1 775.1 770.9 770.8 785.2 737.6 724.3 720.7 596.6 448.2 448.0 459.1 459.1 459.0 459.0 491.6 442.5 442.7 442.9 462.1 482.7 466.5 501.8 461.7 462.0 384.1 379.4 415.3 384.2 375.5 381.2 0 0
Stockholders' Equity 4,295.6 4,146.3 3,995.6 3,943.0 3,895.5 3,662.3 3,631.3 3,440.7 3,444.6 2,914.6 2,737.0 2,648.3 2,599.9 2,229.9 2,152.1 2,129.6 2,054.3 2,058.0 1,750.5 1,701.8 1,633.7 1,588.2 1,584.5 1,589.3 1,542.7 1,517.1 1,505.9 1,436.2 1,333.2 1,247.8 1,167.0 1,143.1 1,030.7 1,027.5 998.2 957.1 864.4 811.8 792.8 789.8 734.6 168.3 169.4
Cash Flow
Operating Cash Flow 61.9 70.3 79.5 60.6 61.4 51.3 70.0 64.3 47.0 39.1 53.3 48.6 38.8 34.2 45.8 35.2 28.0 33.8 39.2 33.1 26.2 23.7 32.0 23.2 22.2 26.2 24.5 24.2 19.8 20.6 21.4 21.0 14.7 15.8 20.0 17.5 16.1 12.1 16.1 12.5 8.6
Capital Expenditure (24.6) (20.4) (14.0) (10.0) (18.9) (15.8) (13.8) (48.3) (40.1) (13.8) (12.4) (13.0) (13.9) (15.8) (20.5) (11.7) (18.6) (13.0) (18.0) (12.5) (7.9) (8.3) (8.4) (6.6) (8.4) (9.8) (4.2) (9.6) (8.4) (9.3) (6.4) (7.6) (5.7) (8.5) (6.3) (6.2) (6.4) (8.8) (7.1) (6.2) (4.9)
Free Cash Flow 37.3 49.8 65.5 50.6 42.5 35.5 56.2 16.1 6.9 25.3 40.9 35.5 24.9 18.4 25.3 23.5 9.4 20.8 21.3 20.6 18.3 15.4 23.6 16.7 13.8 16.4 20.3 14.5 11.4 11.3 15 13.4 9.0 7.4 13.7 11.4 9.7 3.3 9.0 6.3 3.7