TPG RE Finance Trust, Inc. logo TRTX - TPG RE Finance Trust, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 3
SELL 1
STRONG
SELL
0
| PRICE TARGET: $10.00 DETAILS
HIGH: $10.00
LOW: $10.00
MEDIAN: $10.00
CONSENSUS: $10.00
UPSIDE: 20.34%
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
Revenue
Revenue 85.8 84.0 86.7 82.2 78.9 78.8 88.5 89.7 94.0 94.3 97.5 103.2 95.2 101.2 76.9 66.7 61.0 60.3 60.1 62.1 58.2 62.0 69.9 70.3 45.9 83.4 92.5 88.7 77.0 72.2 69.8 65.2 59.7 53.2 47.4 52.0 48.1 41.2 40.4 23.0 20.0
Cost of Revenue 16.7 12.6 16.9 19.9 16.8 18.3 16.6 17.5 16.8 8.6 9.9 8.9 5.9 6.5 6.4 11.5 6.2 6.1 5.9 5.7 5.4 5.7 5.7 5.4 5.3 7.2 8.5 7.8 7.0 6.5 6.8 6.7 6.4 26.9 24.4 25.5 23.2 21.1 21.3 0 0
Gross Profit 69.1 71.5 69.8 62.4 62.1 60.5 71.9 72.1 77.2 85.7 87.6 94.3 89.4 94.7 70.5 55.1 54.8 54.2 54.1 56.4 52.8 56.4 64.2 64.9 40.6 76.2 84.0 80.9 70.0 65.7 63.0 58.5 53.3 26.2 23.1 26.5 24.8 20.1 19.1 23.0 20.0
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
SG&A 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 1.4 0.5
Other Expenses 1.6 15.9 (1.1) 2.4 4.6 5.0 0.5 (3.9) 4.1 22.8 77.6 92.8 11.8 (6.9) 139.9 45.7 8.5 3.7 3.6 1.8 (0.4) 20.2 4.3 (4.0) 106.0 43.2 50.8 48.7 41.4 1.4 36.2 32.1 28.0 1.5 0 0 0 0 0 8.0 8.7
Operating Expenses 1.6 15.9 (1.1) 2.4 4.6 5.0 0.5 (3.9) 4.1 22.8 77.6 92.8 11.8 (6.9) 139.9 45.7 8.5 3.7 3.6 1.8 (0.4) 20.2 4.3 (4.0) 106.0 43.2 50.8 48.7 41.4 1.4 36.2 32.1 28.0 1.5 0 0 0 0 0 9.4 9.3
Operating Income
Operating Income 67.5 55.5 70.9 59.9 57.5 55.5 71.4 76.0 73.1 62.8 10.0 1.5 77.5 101.6 (69.4) 9.4 46.4 50.6 50.5 54.6 53.2 36.1 60.0 68.9 (65.4) 33.0 33.1 32.2 28.6 64.3 26.8 26.4 25.3 24.8 20.8 25.3 23.6 18.9 17.6 32.3 29.2
Interest Expense 48.5 51.5 48.8 46.1 43.7 45.0 49.2 51.2 56.0 63.4 71.2 70.7 70.0 65.2 45.1 28.0 22.5 21.8 21.0 22.0 20.3 21.5 21.4 25.9 38.5 41.2 47.9 46.4 39.4 35.6 34.3 30.2 26.0 0 0 0 0 0 0 15.1 12.9
Interest Income 74.2 74.4 77.1 70.7 68.0 69.0 77.9 78.1 82.2 84.1 90.0 96.7 91.7 100.3 75.5 66.0 61.0 60.1 60.0 61.9 58.1 62.0 69.9 70.1 81.7 82.6 92.4 88.3 76.6 71.7 69.9 64.7 59.4 52.5 0 0 0 0 0 38.4 33.7
Profitability
EBITDA 70.1 58.1 73.6 70.8 60.2 59.4 74.6 79.9 77.0 71.0 11.3 2.4 77.5 101.6 (69.4) 22.7 46.4 66.3 50.5 54.6 53.2 36.1 60.0 68.9 (194.2) 74.1 81.0 78.6 68.0 64.3 61.1 56.6 51.3 24.8 20.8 25.3 23.6 18.9 17.6 0 0
EBIT 67.5 55.5 70.9 66.9 57.5 55.5 71.4 76.0 73.1 69.9 10.0 1.5 77.5 101.6 (69.4) 22.7 46.4 66.3 50.5 54.6 53.2 36.1 60.0 68.9 (194.2) 74.1 81.0 78.6 68.0 64.3 61.1 56.6 51.3 24.8 20.8 25.3 23.6 18.9 17.6 0 0
Income Before Tax 19.1 4.1 22.1 20.8 13.8 10.5 22.3 24.8 17.1 6.4 (61.2) (69.2) 7.6 36.4 (114.5) (5.3) 23.9 44.5 29.6 32.6 32.9 14.7 38.5 43.0 (232.7) 33.0 33.1 32.2 28.6 28.7 26.8 26.4 25.3 24.8 20.8 25.3 23.6 18.8 17.6 17.3 16.3
Income Tax Expense 0.1 0.1 0.1 0.1 0.1 (0.2) 0.1 0.1 0.4 0.1 0.0 0.0 0.2 0.2 0.1 0.1 0.1 (0.3) 0.2 0.2 0.9 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0.0 (0.0) 0.2 0.0 0 (0.0) 0.2 (0.3) 0.1 0.1 0.0
Net Income 18.9 4.0 22.0 20.6 13.7 10.7 22.2 24.7 16.7 6.4 (61.2) (69.2) 7.4 36.2 (114.6) (5.4) 23.8 44.9 29.3 32.4 32.0 14.6 38.4 42.9 (232.8) 32.9 33.0 32.0 28.4 28.6 26.8 26.4 25.1 24.8 20.8 25.3 23.5 19.2 17.4 17.1 16.2
Per Share Data
EPS (Basic) 0.19 0.00 0.24 0.21 0.12 0.09 0.23 0.26 0.17 0.03 -0.83 -0.94 0.05 0.42 -1.52 -0.11 0.26 0.54 0.34 -0.27 0.32 0.09 0.40 0.52 -3.05 0.44 0.44 0.43 0.41 0.43 0.42 0.44 0.42 0.41 0.35 0.41 0.38 0.31 0.28 0.43 0.27
EPS (Diluted) 0.19 0.00 0.23 0.21 0.12 0.09 0.23 0.26 0.17 0.03 -0.83 -0.94 0.05 0.42 -1.52 -0.11 0.25 0.51 0.32 -0.27 0.30 0.09 0.39 0.52 -3.05 0.44 0.44 0.43 0.41 0.43 0.42 0.44 0.42 0.41 0.35 0.41 0.38 0.31 0.28 0.28 0.27
Shares Outstanding 78.3 78.3 78.5 79.5 81.0 80.9 80.9 79.5 77.9 77.7 77.7 77.4 77.4 77.4 77.4 77.2 77.2 77.1 77.1 76.9 76.9 76.8 76.8 76.6 76.5 74.5 74.1 74.0 68.3 67.2 64.3 60.2 60.4 60.8 58.7 61.3 61.3 61.3 61.3 39.5 60.7
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 Q1
Current Assets
Cash & Cash Equivalents 92.0 87.6 93.6 165.8 363.0 190.2 226.3 259.2 203.1 206.4 302.3 307.4 161.5 254.1 236.1 356.0 351.6 260.6 269.3 239.7 301.6 319.7 225.6 196.2 103.6 79.2 99.3 70.0 55.4 39.7 46.2 42.5 74.4 75.0 64.8 200.7 82.3 103.1 (104.9)
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 0 631.8 0 0 0 0 0 0 0 0 0 0 0 209.9
Net Receivables 73.4 29.1 104.6 3,707.7 3,206.8 27.6 31.3 3,134.4 3,296.2 3,409.7 3,738.8 4,297.4 132.8 4,781.4 5,091.3 4,617.3 5,069.5 4,867.2 4,699.2 4,773.9 4,523.5 4,456.5 4,871.8 4,988.6 5,020.7 4,980.4 112.6 244.4 34.6 117.2 21.9 54.9 20.1 17.2 65.0 60.0 76.1 49.4 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 21.1 0 (50.3) 0
Other Current Assets 0.5 0.7 (198.2) 33.1 99.2 (217.8) (257.6) 88.9 88.2 346.6 278.3 312.6 (132.8) 503.5 335.3 420.3 31.5 27.4 131.5 87.3 341.0 28.8 54.4 110.4 64.6 44.7 112.9 465.7 298.1 0 72.8 181.3 147.7 85.5 35.0 61.1 76.3 50.3 0
Total Current Assets 165.8 117.4 0 3,906.6 3,669.0 0 0 3,482.5 3,587.5 3,962.6 4,319.4 4,917.4 161.5 5,538.9 5,662.7 5,393.6 5,452.6 5,155.3 5,100.0 5,101.0 5,166.2 4,804.9 5,151.7 5,295.2 5,188.9 5,104.2 762.1 780.1 388.2 134.8 141.0 278.7 242.2 177.8 164.7 342.8 158.4 152.5 104.9
Non-Current Assets
Property, Plant & Equipment 0 0 0 223.2 254.4 0 0 169.1 169.3 174.1 112.0 38.5 0 0 0 0 60.6 60.6 99.2 99.2 99.2 99.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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
Intangible Assets 0 12.4 0 0 0 0 0 0 0 0 0 0 0 0 0 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 4,055.9 4.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.2 1.1 631.8 37.8 131.8 38.1 75.4 218.1 149.0 38.1 86.2 129.6 97.9 61.5 0
Other Non-Current Assets 250.5 4,272.5 0 32.2 38.5 0 0 44.8 72.5 77.6 26.0 27.9 5,222.2 6.2 1.0 1.5 1.8 2.1 1.8 2.8 3.9 4.6 0.9 1.1 636.2 787.5 4,469.1 5,006.7 4,599.1 4,353.9 4,085.8 3,625.8 3,450.7 3,139.5 2,791.8 3.4 0.9 0.7 (104.9)
Total Non-Current Assets 4,306.4 4,288.8 0 255.4 292.9 0 0 213.9 241.8 251.7 138.0 66.3 5,222.2 6.2 1.0 1.5 62.5 62.8 101.0 102.0 103.1 103.8 0.9 1.1 637.4 788.6 5,100.9 5,044.5 4,730.9 4,392.0 4,161.2 3,843.9 3,599.7 3,177.6 2,877.9 133.0 98.8 62.2 (104.9)
Total Assets 4,472.3 4,406.2 4,064.8 4,162.1 3,961.9 3,731.4 3,661.6 3,696.4 3,829.3 4,214.3 4,457.3 4,983.7 5,383.8 5,545.1 5,663.6 5,395.1 5,515.1 5,218.0 5,200.9 5,203.0 5,269.3 4,908.7 5,152.6 5,296.3 5,826.3 5,892.9 5,863.0 5,824.6 5,119.1 4,526.8 4,302.2 4,122.6 3,841.9 3,355.4 3,042.7 2,586.7 2,863.9 2,665.6 0
Current Liabilities
Account Payables 7.1 0 6.0 0 0 6.7 6.6 0 0 0 0 0 10.6 0 0 0 0 0 0 0 0 0 0 0 0 0 6.8 9.6 8.0 6.1 5.0 5.5 5.6 5.4 3.7 4.6 3.6 2.9 0
Short-Term Debt 0 660.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 287.9 0 235.5 0 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 0.3 0.4 0.6 0.5 0.2 0.5 0.1 0.3 0.6 0.4 0 0 0
Other Current Liabilities 0 0 (30.4) 21.3 22.4 (46.8) (47.4) 22.5 22.1 21.9 42.3 47.0 (62.5) 36.3 33.8 27.9 23.5 28.4 23.5 18.9 17.6 32.4 18.1 53.8 40.5 32.8 809.0 1,164.3 1,281.9 1,044.6 1,648.7 1,573.1 1,549.9 1,539.6 1,531.9 (276.6) (37.1) (31.8) 0
Total Current Liabilities 31.7 660.3 0 37.0 45.1 0 0 41.5 50.1 48.9 73.4 69.3 0 61.2 56.6 51.7 41.3 44.0 39.7 34.9 33.4 52.0 37.6 80.9 61.2 55.0 866.5 1,219.6 1,341.1 1,093.9 1,698.4 1,616.6 1,593.4 1,866.2 1,573 235.9 3.6 2.9 0
Non-Current Liabilities
Long-Term Debt 3,363.3 2,628.7 2,933.3 3,023.7 2,812.1 2,568.8 2,488.4 2,523.5 2,657.3 3,039.4 3,245.4 3,693.1 4,009.5 4,160.5 4,299.0 3,900.3 4,003.6 3,707.9 3,714.8 3,729.2 3,755.9 3,388.7 3,626.1 3,746.3 4,530.4 4,331.6 882.7 1,555.0 1,550.3 1,655.8 836.2 934.5 973.8 0 261.9 401.6 725.5 1,662.6 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 (1,346.8) (1.3) (1.5) 0
Other Non-Current Liabilities 13.9 47.3 (2,935.1) 10.5 1.2 (2,570.6) (2,489.6) 7.2 1.0 1.3 1.0 1.8 (4,012.2) 1.5 1.7 1.1 2.2 1.4 0.9 1.8 1.7 1.6 2.9 1.1 3.3 2.4 3,513.4 2,804.1 2,123.9 1,542.9 2,035.8 (935.0) (973.9) (0.3) (262.4) 1,141.7 (725.9) (1,663.1) 0
Total Non-Current Liabilities 3,378.5 2,677.9 0 3,034.2 2,813.3 0 0 2,530.7 2,658.3 3,040.6 3,246.4 3,694.9 0 4,162.0 4,300.7 3,901.4 4,005.8 3,709.3 3,715.7 3,730.9 3,757.6 3,390.3 3,629.0 3,747.3 4,533.7 4,333.9 3,530.2 3,140.3 2,334.5 2,105.7 1,274.9 1,314.1 1,055.9 287.9 261.9 402.0 725.9 1,663.1 0
Total Liabilities 3,410.1 3,338.2 2,982.3 3,071.2 2,858.4 2,617.4 2,537.0 2,572.2 2,708.4 3,089.5 3,319.9 3,764.1 4,074.7 4,223.1 4,357.2 3,953.2 4,047.1 3,753.3 3,755.5 3,765.8 3,791.0 3,442.3 3,666.6 3,828.3 4,594.9 4,388.9 4,396.7 4,359.9 3,675.5 3,199.6 2,973.3 2,930.7 2,649.3 2,154.1 1,834.9 1,582.7 1,889.8 1,694.9 0
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0
Retained Earnings (680.6) (672.6) (653.7) (644.2) (629.7) (617.2) (604.8) (604.1) (605.8) (600.3) (584.3) (501.1) (409.8) (395.0) (409.1) (272.6) (245.3) (247.3) (264.8) (271.9) (282.5) (292.9) (271.8) (288.5) (313.8) (28.1) (28.2) (29.2) (29.2) (25.9) (25.1) (22.8) (23.4) (14.8) (9.0) (3.1) (7.9) (10.1) 0
Accumulated Other Comprehensive 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 0.1 1.1 1.3 1.2 (1.9) (2.0) (1.1) (1.7) (0.2) (0.0) (0.0) 2.5 2.5 1.2 716.4
Total Stockholders' Equity 1,062.1 1,068.0 1,082.5 1,090.8 1,103.5 1,114.0 1,124.6 1,124.2 1,120.9 1,124.8 1,137.5 1,219.6 1,309.1 1,322.0 1,306.4 1,441.9 1,467.9 1,464.7 1,445.5 1,437.2 1,478.2 1,466.5 1,486.0 1,468.1 1,231.4 1,504.0 1,466.3 1,464.8 1,443.5 1,327.2 1,328.9 1,191.9 1,192.6 1,201.3 1,207.8 1,004.0 974.1 970.7 716.4
Total Liabilities & Equity 4,472.3 4,406.2 4,064.8 4,162.1 3,961.9 3,731.4 3,661.6 3,696.4 3,829.3 4,214.3 4,457.3 4,983.7 5,383.8 5,545.1 5,663.6 5,395.1 5,515.1 5,218.0 5,200.9 5,203.0 5,269.3 4,908.7 5,152.6 5,296.3 5,826.3 5,892.9 5,863.0 5,824.6 5,119.1 4,526.8 4,302.2 4,122.6 3,841.9 3,355.4 3,042.7 2,586.7 2,863.9 2,665.6 716.4
Debt Metrics
Total Debt 3,363.3 3,289.0 2,933.3 3,023.7 2,812.1 2,568.8 2,488.4 2,523.5 2,657.3 3,039.4 3,245.4 3,693.1 4,009.5 4,160.5 4,299.0 3,900.3 4,003.6 3,707.9 3,714.8 3,729.2 3,755.9 3,388.7 3,626.1 3,746.3 4,530.4 4,331.6 882.7 1,555.0 1,550.3 1,655.8 836.2 934.5 973.8 287.9 261.9 401.6 725.5 1,662.6 0
Net Debt 3,271.3 3,201.4 2,839.7 2,857.9 2,449.1 2,378.7 2,262.1 2,264.3 2,454.3 2,833.0 2,943.2 3,385.6 3,848.0 3,906.5 4,062.9 3,544.3 3,652.0 3,447.3 3,445.5 3,489.4 3,454.3 3,069.1 3,400.6 3,550.0 4,426.8 4,252.4 783.4 1,485.0 1,494.9 1,616.1 790.0 892.0 899.4 212.8 197.1 200.9 643.2 1,559.5 104.9
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 18.9 4.0 22.0 20.6 13.7 10.7 22.2 24.7 16.7 6.4 (61.2) (69.2) 7.4 35.8 (114.6) (5.4) 23.8 44.9 29.3 32.4 32.0 14.6 38.4 42.9 (232.8) 32.9 33.0 32.0 28.4 28.6 26.8 26.4 25.1 24.8 20.8 25.3 23.5 19.2 17.4 17.1 16.2
Depreciation & Amortization 2.5 2.5 2.7 3.4 4.1 4.1 3.2 4.2 6.5 1.0 1.2 1.0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.7 0 0 1.1 1.2 0 0 (0.5) (7.7) 0 0 0 0 0 0 0
Stock-Based Compensation 2.1 4.4 1.4 2.0 2.0 1.9 1.1 1.7 1.7 3.3 1.2 1.8 1.8 0 0.9 1.3 1.3 1.7 1.2 1.4 1.5 1.5 1.1 1.7 1.4 0.6 0.5 0.9 0.6 0.2 0.1 0.2 0.2 0.0 0 0 0 0 0 0 0
Change in Working Capital 1.6 2.2 (1.1) 3.6 (5.2) 3.7 (2.7) (1.1) 8.9 2.1 7.8 (15.5) 6.5 (8.2) (7.1) 6.5 (0.7) 2.0 2.6 (0.2) (4.4) (2.5) (6.1) (1.0) 1.9 (0.2) 0.4 (6.3) (4.1) (0.2) (2.7) 2.6 (1.3) (3.5) (3.0) 7.8 (2.1) (1.1) (1.9) 1.6 2.7
Other Non-Cash Items (0.5) 11.5 (3.1) (4.9) 4.5 5.1 (0.1) (4.0) 3.5 (7.0) (2.6) 89.2 7.8 (9.7) 138.3 30.0 8.2 (13.4) 2.7 1.2 (2.6) 16.4 (2.0) (10.4) 267.0 0.5 1.0 0.4 1.1 1.0 1.8 (0.5) (0.5) 3.7 (3.1) (5.5) 3.6 (0.2) 12.8 2.5 (0.7)
Operating Cash Flow 24.6 24.7 21.8 24.7 19.1 25.5 23.7 25.6 37.4 23.2 26.1 7.3 23.5 18.0 17.5 32.5 32.6 35.1 36.0 34.7 26.3 30.0 31.4 33.2 37.5 33.8 34.9 27.0 26.0 29.5 26.0 28.7 23.5 23.9 14.6 27.6 25.0 17.9 28.4 21.3 18.2
Investing Activities
Capital Expenditure (2.1) (3.5) (1.2) (0.9) (0.5) (1.9) (0.4) (1.6) (1.4) (3.0) (2.3) 0 0 (5.1) 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) (0.5) 0 0 0
Acquisitions 0 0 0 0 0 0 0 0 0 (11.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (269.3) 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 (84.2) (82.6) (58.2) 0 0 (96.8) 0 0 0 0 0 0 0 0 0 0 (168.9) (182.7) (0.1) 0 (263.9) 0.1 0 (80.0) (63.7) (96.3) 0.3 (58.4) (38.3) (10.0) 0.2 (0.2) (49.6)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 385.1 94.1 330.3 0 0 185.3 0 0 0 0 0 0 0 0 0 680.0 86.4 28.1 0 0 0 2.7 0 0 0 64.9 0 0 0 0 0 0 0
Other Investing Activities (64.1) (357.9) 30.7 (464.4) 8.1 (115.9) 3.7 191.0 66.1 115.9 171.5 479.6 61.6 80.8 (511.3) 100.2 (205.8) (10.3) 31.0 (301.2) (62.3) 326.8 176.6 (35.6) (100.7) 108.2 6.0 (678.2) (326.2) (228.6) (171.0) (235.2) (417.2) (0.3) (590.9) 444.2 (158.5) 56.3 (42.2) (383.5) (115.9)
Investing Cash Flow (66.2) (361.4) 29.5 (465.3) 7.5 (117.8) 3.3 189.5 365.5 112.9 441.3 479.6 61.6 164.3 (511.3) 100.2 (205.8) (10.3) 31.0 (301.2) (62.3) 326.8 176.6 644.3 (183.1) (46.3) 6.0 (678.2) (590.1) (225.8) (171.0) (315.2) (480.9) (301.0) (590.4) 385.7 (196.8) 46.4 (42.0) (383.7) (165.4)
Financing Activities
Net Debt Issuance 72.6 362.7 (90.4) 280.1 183.1 78.9 (35.6) (136.0) (384.1) (207.6) (449.8) (318.3) (155.0) (140.8) 402.1 (105.3) 301.0 (10.2) (16.7) 279.2 62.2 (237.3) (124.1) (794.9) 191.0 (3.1) 20.4 682.9 490.2 231.2 40.2 284.2 497.6 320.4 254.0 (292.8) 167.5 (171.8) 82.3 284.9 92.3
Stock Repurchased (4.2) (0.4) (9.3) (12.9) (2.8) 0 (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) (0.5) (0.0) 0 (8.4) (7.9) (6) 0 0 0 0 0 0
Dividends Paid (22.5) (22.3) (22.6) (23.1) (23.1) (22.9) (22.9) (22.3) (22.3) (22.1) (22.1) (22.1) (22.1) (21.9) (21.9) (21.8) (27.3) (21.7) (19.2) (21.7) (35.6) (21.7) (54.9) (2.3) (32.8) (32.0) (32.0) (31.6) (29.0) (28.9) (25.9) (25.3) (23.1) (20.1) (20.5) (21.3) (18.3) (17.0) (16.3) (15.3) (24.6)
Other Financing Activities (0.1) (9.4) (0.9) (0.6) (10.9) (0.1) (1.4) (0.3) (0.2) (1.7) (0.8) (1.0) (0.1) (1.9) (6.7) (1.1) (9.1) (1.7) (1.8) (52.8) (7.9) (3.7) 0.0 0.9 (0.6) (10.4) (0.0) 14.6 118.0 (11.3) (5.7) (3.8) (9.6) (5.2) (6.5) (5.9) 1.9 (1.6) 3.8 91.4 (1.0)
Financing Cash Flow 45.9 330.6 (123.3) 243.5 146.3 56.0 (59.9) (158.6) (406.5) (231.4) (472.8) (341.4) (177.2) (164.5) 373.6 (128.3) 264.6 (33.7) (37.6) 204.7 18.8 (262.6) (178.9) (585.6) 170.5 (7.5) (11.6) 665.9 579.1 190.6 148.1 255.1 456.5 287.2 440.0 (295.0) 151.0 (40.4) 69.8 361.0 66.7
Cash Position
Net Change in Cash 4.2 (6.2) (72.0) (197.0) 173.0 (36.3) (32.9) 56.4 (3.7) (95.3) (5.3) 145.5 (92.1) 17.7 (120.2) 4.4 91.4 (8.9) 29.4 (61.8) (17.2) 94.1 29.1 91.9 24.9 (20.0) 29.2 14.7 15.1 (5.7) 3.1 (31.4) (1.0) 10.9 (135.9) 118.4 (20.8) 23.9 56.2 (1.3) (80.5)
Cash at Beginning 88.3 94.5 166.4 363.4 190.5 226.8 259.7 203.4 207.0 302.3 307.7 162.2 254.3 236.6 356.8 352.4 261.0 269.9 240.6 302.4 319.7 225.6 196.4 104.5 79.7 99.7 70.5 55.8 40.7 46.5 43.3 74.8 75.7 64.8 200.7 82.3 103.1 79.3 23.1 24.4 104.9
Cash at End 92.5 88.3 94.5 166.4 363.4 190.5 226.8 259.7 203.4 207.0 302.3 307.7 162.2 254.3 236.6 356.8 352.4 261.0 269.9 240.6 302.4 319.7 225.6 196.4 104.5 79.7 99.7 70.5 55.8 40.7 46.5 43.3 74.8 75.7 64.8 200.7 82.3 103.1 79.3 23.1 24.4
Free Cash Flow 22.5 21.1 20.6 23.9 18.6 23.6 23.3 24.0 36.0 20.2 23.8 7.3 23.5 12.9 17.5 32.5 32.6 35.1 36.0 34.7 26.3 30.0 31.4 33.2 37.5 33.8 34.9 27.0 26.0 29.5 26.0 28.7 23.5 23.9 14.7 27.5 24.9 17.4 28.4 21.3 18.2
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
Income Statement
Revenue 85.8 84.0 86.7 82.2 78.9 78.8 88.5 89.7 94.0 94.3 97.5 103.2 95.2 101.2 76.9 66.7 61.0 60.3 60.1 62.1 58.2 62.0 69.9 70.3 45.9 83.4 92.5 88.7 77.0 72.2 69.8 65.2 59.7 53.2 47.4 52.0 48.1 41.2 40.4 23.0 20.0
Gross Profit 69.1 71.5 69.8 62.4 62.1 60.5 71.9 72.1 77.2 85.7 87.6 94.3 89.4 94.7 70.5 55.1 54.8 54.2 54.1 56.4 52.8 56.4 64.2 64.9 40.6 76.2 84.0 80.9 70.0 65.7 63.0 58.5 53.3 26.2 23.1 26.5 24.8 20.1 19.1 23.0 20.0
Operating Income 67.5 55.5 70.9 59.9 57.5 55.5 71.4 76.0 73.1 62.8 10.0 1.5 77.5 101.6 (69.4) 9.4 46.4 50.6 50.5 54.6 53.2 36.1 60.0 68.9 (65.4) 33.0 33.1 32.2 28.6 64.3 26.8 26.4 25.3 24.8 20.8 25.3 23.6 18.9 17.6 32.3 29.2
Net Income 18.9 4.0 22.0 20.6 13.7 10.7 22.2 24.7 16.7 6.4 (61.2) (69.2) 7.4 36.2 (114.6) (5.4) 23.8 44.9 29.3 32.4 32.0 14.6 38.4 42.9 (232.8) 32.9 33.0 32.0 28.4 28.6 26.8 26.4 25.1 24.8 20.8 25.3 23.5 19.2 17.4 17.1 16.2
EPS (Diluted) 0.19 0.00 0.23 0.21 0.12 0.09 0.23 0.26 0.17 0.03 -0.83 -0.94 0.05 0.42 -1.52 -0.11 0.25 0.51 0.32 -0.27 0.30 0.09 0.39 0.52 -3.05 0.44 0.44 0.43 0.41 0.43 0.42 0.44 0.42 0.41 0.35 0.41 0.38 0.31 0.28 0.28 0.27
Balance Sheet
Cash & Equivalents 92.0 87.6 93.6 165.8 363.0 190.2 226.3 259.2 203.1 206.4 302.3 307.4 161.5 254.1 236.1 356.0 351.6 260.6 269.3 239.7 301.6 319.7 225.6 196.2 103.6 79.2 99.3 70.0 55.4 39.7 46.2 42.5 74.4 75.0 64.8 200.7 82.3 103.1 (104.9)
Total Assets 4,472.3 4,406.2 4,064.8 4,162.1 3,961.9 3,731.4 3,661.6 3,696.4 3,829.3 4,214.3 4,457.3 4,983.7 5,383.8 5,545.1 5,663.6 5,395.1 5,515.1 5,218.0 5,200.9 5,203.0 5,269.3 4,908.7 5,152.6 5,296.3 5,826.3 5,892.9 5,863.0 5,824.6 5,119.1 4,526.8 4,302.2 4,122.6 3,841.9 3,355.4 3,042.7 2,586.7 2,863.9 2,665.6 0
Total Debt 3,363.3 3,289.0 2,933.3 3,023.7 2,812.1 2,568.8 2,488.4 2,523.5 2,657.3 3,039.4 3,245.4 3,693.1 4,009.5 4,160.5 4,299.0 3,900.3 4,003.6 3,707.9 3,714.8 3,729.2 3,755.9 3,388.7 3,626.1 3,746.3 4,530.4 4,331.6 882.7 1,555.0 1,550.3 1,655.8 836.2 934.5 973.8 287.9 261.9 401.6 725.5 1,662.6 0
Stockholders' Equity 1,062.1 1,068.0 1,082.5 1,090.8 1,103.5 1,114.0 1,124.6 1,124.2 1,120.9 1,124.8 1,137.5 1,219.6 1,309.1 1,322.0 1,306.4 1,441.9 1,467.9 1,464.7 1,445.5 1,437.2 1,478.2 1,466.5 1,486.0 1,468.1 1,231.4 1,504.0 1,466.3 1,464.8 1,443.5 1,327.2 1,328.9 1,191.9 1,192.6 1,201.3 1,207.8 1,004.0 974.1 970.7 716.4
Cash Flow
Operating Cash Flow 24.6 24.7 21.8 24.7 19.1 25.5 23.7 25.6 37.4 23.2 26.1 7.3 23.5 18.0 17.5 32.5 32.6 35.1 36.0 34.7 26.3 30.0 31.4 33.2 37.5 33.8 34.9 27.0 26.0 29.5 26.0 28.7 23.5 23.9 14.6 27.6 25.0 17.9 28.4 21.3 18.2
Capital Expenditure (2.1) (3.5) (1.2) (0.9) (0.5) (1.9) (0.4) (1.6) (1.4) (3.0) (2.3) 0 0 (5.1) 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) (0.5) 0 0 0
Free Cash Flow 22.5 21.1 20.6 23.9 18.6 23.6 23.3 24.0 36.0 20.2 23.8 7.3 23.5 12.9 17.5 32.5 32.6 35.1 36.0 34.7 26.3 30.0 31.4 33.2 37.5 33.8 34.9 27.0 26.0 29.5 26.0 28.7 23.5 23.9 14.7 27.5 24.9 17.4 28.4 21.3 18.2