Marriott Vacations Worldwide Corporation logo VAC - Marriott Vacations Worldwide Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 12
HOLD 2
SELL 4
STRONG
SELL 0
| PRICE TARGET: $91.29 DETAILS
HIGH: $119.00
LOW: $50.00
MEDIAN: $100.00
CONSENSUS: $91.29
DOWNSIDE: 8.69%
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 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1
Revenue
Revenue 1,257 1,323 812 1,246 1,200 1,327 1,305 1,140 1,195 1,194 743 823 804 832 1,252 840 736 1,100 1,052 979 759 747 649 480 1,010 1,145 1,066 1,068 1,060 1,052 750 594.7 570.8 481.2 487.0 497.6 487.5 564.7 407.0 429.9 419.2 545.6 407.1 422.8 454.9 511 413 409.9 401.9 527 412 421 389 510 383 383 372 484 378 380 371 479 360 374 371
Cost of Revenue 1,087 1,129 419 759 719 845 113 710 729 727 344 342 333 331 707 321 316 662 639 596 540 561 509 421 691 686 646 616 639 628 475 386 375.3 290.5 292.6 290.8 299.8 307.8 258.3 259.3 271.6 339.4 262.4 264.4 286.7 330 261 256.7 266 357 264 267 255 342 250 255 247 312 251 242 234 309 219 231 240
Gross Profit 170 194 393 487 481 482 1,192 430 466 467 399 481 471 501 545 519 420 438 413 383 219 186 140 59 319 459 420 452 421 424 275 208.7 195.5 190.7 194.4 206.8 187.7 257.0 148.7 170.7 147.6 206.2 144.7 158.4 168.1 181 152 153.2 135.9 170 148 154 134 168 133 128 125 172 127 138 137 170 141 143 131
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 306 305 287 298 295 306 290 280 286 289 259 270 278 266 269 278 243 239 220 230 155 130 110 68 240 268 256 272 266 265 188 142.3 135.4 130.0 127.2 133.6 128.2 148.9 101.2 104.3 103.8 135.9 94.8 100.0 102.8 130 96 95.4 93.0 129 95 96 95 115 102 104 95 132 99 100 92 133 97 98 98
Other Expenses (248) (245) 0 38 38 37 0 35 38 36 0 0 0 0 33 0 0 34 35 36 41 30 30 31 32 35 0 0 0 33 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15 0 0 0
Operating Expenses 58 60 287 336 333 343 290 315 324 325 259 270 278 266 302 278 243 273 255 266 196 160 140 99 272 303 274 272 290 298 206 142.3 135.4 130.0 127.2 133.6 128.2 150.3 101.2 104.3 103.8 135.9 94.8 100.0 102.8 130 96 95.4 93.0 129 95 96 95 115 102 104 95 132 99 100 92 148 97 98 98
Operating Income
Operating Income 112 134 106 151 148 139 902 115 142 142 140 211 193 235 243 241 177 165 158 117 23 26 0 (40) 47 156 146 109 84 126 69 70 59 60.8 66 73.3 45.1 83.4 48.1 59.6 49.7 62.2 44.6 58.4 59.3 42.1 49.7 52.1 35.8 22 50 58 32 53 34 27 32 40 28 38 45 22 44 45 38
Interest Expense 44 44 43 42 40 39 40 43 40 39 36 36 34 27 34 30 27 36 41 44 43 38 37 42 33 32 31 35 34 31 14 5 4 11.5 2 7.4 6.7 10.4 7.6 7.2 7.3 12.1 8.1 8.3 9.0 12 8.5 8.3 8.8 13 9 11 11 16 15 14 13 15 10 10 12 16 12 14 14
Interest 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 123 (417) 39 174 180 135 194 126 159 139 140 211 193 235 236 241 177 140 134 115 48 44 (5) (8) (98) 176 67 145 110 159 (6) 65.7 54.9 62.2 65.8 78.3 58.0 89.5 47.4 59.5 49.5 70.6 49.9 57.6 63.4 36 54.0 56.4 40.5 39 51 56 38 15 31 30 37 52 (285) 47 52 61 50 51 41
EBIT 89 (452) 1 136 142 98 158 91 121 103 107 177 161 201 203 209 144 106 99 79 7 14 (35) (39) (130) 141 34 109 73 138 (24) 60.0 51 56.5 65 78.5 50.6 91.2 48.5 68.4 47.5 67.6 44.3 65.7 66.3 30 52.0 66.0 40.8 30 49 55 41 6 31 23 30 42 (292) 38 45 50 42 43 33
Income Before Tax 45 (496) 1 94 102 59 50 48 81 64 66 140 128 145 169 178 90 70 58 35 (36) (24) (72) (81) (163) 109 3 74 39 77 (38) 17.4 46.7 45.0 63.1 65.4 52.4 80.7 40.8 61.2 40.2 55.5 36.2 57.4 57.3 18 43.5 57.6 32.1 17 40 44 30 (10) 16 9 17 27 (302) 28 33 34 30 29 19
Income Tax Expense 23 (65) 3 25 45 10 (34) 10 35 31 24 50 41 57 59 43 32 11 47 27 (11) 7 (14) (19) (58) 33 10 25 15 36 (2) 6 10.7 (63.0) 23 21.1 18.7 30.9 14.0 24.9 15.8 22.4 14.6 23.4 23.3 17 17.9 22.3 12.8 11 15 14 11 (3) 11 4 8 19 (81) 12 14 16 11 10 8
Net Income 22 (431) (2) 69 56 50 84 37 47 35 42 90 87 88 109 136 58 61 10 6 (28) (37) (62) (70) (106) 74 (9) 49 24 44 (58) 11 36.0 108.0 40 44.3 27.9 49.8 26.8 36.3 24.4 33.1 21.6 34.0 34.1 0.5 25.6 35.3 19.3 6 25 30 19 (7) 5 5 9 8 (221) 16 19 18 19 19 11
Per Share Data
EPS (Basic) 0.63 -12.35 -0.06 1.98 1.60 1.42 2.37 1.04 1.32 0.98 1.16 2.44 2.33 2.30 2.76 2.97 1.23 1.42 0.24 0.15 -0.68 -0.88 -1.51 -1.68 -2.56 1.74 -0.21 1.11 0.52 0.92 -1.77 0.40 1.35 4.05 1.49 1.76 1.02 1.83 0.99 1.28 0.84 1.08 0.69 1.07 1.05 0.03 0.77 1.03 0.55 0.17 0.70 0.87 0.53 -0.20 0.13 0.16 0.25 0.24 -6.57 0.48 0.56 0.54 0.56 0.56 0.33
EPS (Diluted) 0.63 -12.35 -0.06 1.77 1.45 1.31 2.12 0.98 1.23 0.93 1.09 2.17 2.05 2.05 2.53 2.97 1.23 1.39 0.23 0.15 -0.68 -0.88 -1.51 -1.68 -2.56 1.71 -0.21 1.10 0.51 0.91 -1.77 0.39 1.32 3.95 1.45 1.72 1.00 1.80 0.97 1.26 0.82 1.06 0.67 1.05 1.03 0.03 0.75 1.00 0.54 0.17 0.67 0.85 0.51 -0.19 0.12 0.15 0.24 0.22 -6.57 0.48 0.56 0.54 0.56 0.56 0.33
Shares Outstanding 34.9 34.9 34.9 34.9 35.1 35.2 35.4 35.4 35.5 35.6 36.4 36.9 37.4 38.2 39.5 41.3 42.4 43.0 42.9 40 41.2 42.0 41.1 41.7 41.5 42.5 43.4 44.7 45.6 47.8 32.8 26.7 27.3 26.7 27.6 27.3 27.3 27.2 27.2 28.3 29.1 31.1 31.5 31.9 32.3 32.5 33.4 34.3 34.9 40 35.5 35.4 35.2 33.2 34.4 34.3 34 34 33.6 33.6 33.6 33.6 33.6 33.6 33.6
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
Current Assets
Cash & Cash Equivalents 268 733 474 205 196 197 197 206 237 248 265 242 306 524 294 324 354 342 448 1,312 643 524 660 566 651 287 183 179 222 231 441 547.7 323.8 409 440.1 85.2 101.8 147.1 174.8 97.4 106.6 177.1 321.7 250.9 272.2 346.5 146 170 159 200 288 104 119 103 212 83 77 110 25 25 29 26
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 416 2,993 220 2,863 2,835 2,827 2,727 2,678 2,758 2,728 176 164 181 2,490 154 118 140 2,324 140 108 1,988 150 2,185 2,301 2,426 166 2,540 2,425 2,332 2,363 2,195 1,235.4 1,195.8 1,207 1,212.5 1,167.8 1,124.8 161.7 134.7 142.9 1,040.1 131.8 128.3 116.5 1,003.1 109.7 113 1,041 1,066 1,079 117 101 1,127 1,156 1,186 1,177 1,220 1,253 1,273 1,285 1,297 1,354
Inventory 680 692 757 744 737 735 769 643 637 634 642 660 672 660 668 695 693 719 765 857 785 802 761 771 776 897 910 888 910 863 829 690.2 727.0 398 735.1 744.4 692.8 712.5 714.4 702.4 715.1 669.2 721.7 704.7 724.5 772.8 799 826 850 870 859 869 873 888 897 907 932 959 1,014 1,349 1,383 1,412
Other Current Assets 0 (692) 2,963 263 291 331 350 251 313 326 2,651 2,659 2,596 330 2,485 2,483 2,420 461 2,543 2,468 535 2,434 368 341 369 2,804 0 0 0 383 365 170.5 61.3 82 61.7 58.8 64.0 0 0 68.3 55.3 0 0 65.6 62.0 0 0 42 74 86 65 0 46 68 72 72 59 81 65 75 56 66
Total Current Assets 1,364 3,726 4,414 4,075 4,059 4,090 4,043 3,778 3,945 3,936 3,734 3,725 3,755 4,004 3,601 3,620 3,607 3,846 3,896 4,745 3,951 3,910 3,974 3,979 4,222 4,154 3,961 3,836 3,827 3,840 3,830 2,643.8 2,307.9 2,096 2,449.4 2,056.2 1,983.4 1,087.4 1,141.7 1,914.7 1,917.1 1,049.6 1,293.4 2,016.6 2,061.8 1,338.9 1,123 2,079 2,149 2,235 2,307 1,138 2,165 2,215 2,367 2,239 2,288 2,403 2,377 2,734 2,765 2,858
Non-Current Assets
Property, Plant & Equipment 944 950 1,325 1,284 1,166 1,170 1,165 1,295 1,299 1,260 1,250 1,221 1,215 1,139 1,136 1,151 1,162 1,136 1,077 1,026 887 922 809 835 833 860 770 837 848 951 952 246.9 251.3 583 253.7 249.3 202.4 202.8 214.4 228.8 222.5 288.8 247.3 188.7 188.4 147.4 212 215 229 254 250 252 256 261 272 275 282 285 291 306 309 310
Goodwill 2,958 2,958 3,117 3,117 3,117 3,117 3,117 3,117 3,117 3,117 3,117 3,117 3,117 3,117 3,117 3,117 3,142 3,150 3,086 3,116 2,817 2,817 2,817 2,817 2,817 2,892 2,890 2,824 2,828 2,828 2,747 0 0 0 0 0 0 0 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 696 711 747 762 775 790 807 822 839 854 868 884 898 911 924 941 978 993 1,007 1,017 938 952 963 977 989 1,027 1,044 1,075 1,092 1,107 1,216 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0 1,412 546 649 765 641 608 599 667 513 484 535 617 468 446 511 614 488 477 510 594 297 448 509 571 281 400 458 524 292 268 166.9 200.8 166 119.9 128.0 160.4 1,101.2 1,030.0 110.0 191.2 1,061.3 986.3 117.9 138.7 1,044.3 1,012 116 141 143 103 1,121 148 137 40 133 151 157 94 136 154 141
Total Non-Current Assets 4,598 6,031 5,735 5,812 5,823 5,718 5,697 5,833 5,922 5,744 5,719 5,757 5,847 5,635 5,636 5,720 5,896 5,767 5,647 5,669 5,236 4,988 5,037 5,138 5,210 5,060 5,104 5,194 5,292 5,178 5,183 413.8 452.0 749 373.7 377.3 362.8 1,304.0 1,244.5 338.8 413.7 1,350.1 1,233.6 306.6 327.1 1,191.7 1,224 331 370 397 353 1,373 404 398 379 408 433 442 788 758 787 784
Total Assets 9,636 9,757 10,149 9,887 9,882 9,808 9,740 9,611 9,867 9,680 9,453 9,482 9,602 9,639 9,237 9,340 9,503 9,613 9,543 10,414 9,187 8,898 9,011 9,117 9,432 9,214 9,059 9,023 9,112 9,018 9,013 3,057.6 2,760.0 2,845 2,823.0 2,433.4 2,346.2 2,391.4 2,386.2 2,253.6 2,330.8 2,399.7 2,527.0 2,323.2 2,388.9 2,530.6 2,347 2,410 2,519 2,632 2,660 2,511 2,569 2,613 2,746 2,647 2,721 2,845 3,165 3,492 3,552 3,642
Current Liabilities
Account Payables 270 358 250 225 251 343 243 198 221 362 238 209 222 356 221 217 212 265 190 192 159 209 143 151 169 286 248 164 168 301 181 84.3 80.0 145 76.8 76.5 72.3 124.4 79.0 74.5 80.6 139.1 77.5 80.5 76.6 114.1 79 75 86 129 94 81 81 113 79 81 89 145 67 62 53 87
Short-Term Debt 161 210 231 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 775 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 466 371 0 397 442 354 350 418 482 382 0 0 0 344 0 0 0 453 0 0 524 0 488 470 536 0 436 356 437 383 325 98.5 114.2 69 103.4 115.5 127.6 0 47 30.6 28.6 0 44.5 32.8 27.0 0 0 19 16 19 19 21 21 32 49 35 27 28 48 41 42 104
Other Current Liabilities (1,119) (1,105) 166 176 208 220 0 163 209 205 169 175 178 251 178 195 194 201 166 176 188 147 185 153 164 187 185 172 172 210 194 82.5 81.4 112 97.1 87 74.0 55.5 39.1 75.3 75.7 49.1 29.4 74.6 73.3 60.2 55 67 66 82 80 25 66 82 72 59 52 55 71 61 46 72
Total Current Liabilities 161 210 1,136 1,161 1,327 1,301 1,180 1,150 1,296 1,292 840 781 843 1,320 876 834 869 1,264 708 722 1,991 724 1,136 1,091 1,213 905 1,162 1,109 1,297 1,140 1,070 364.8 397.6 446 405.5 391.9 435.1 423.0 391.3 313.1 363.6 456.2 390.2 325.1 348.3 433.3 358 329 378 415 342 353 343 408 347 302 289 349 304 272 235 355
Non-Current Liabilities
Long-Term Debt 4,920 4,973 4,884 5,186 5,099 5,026 5,088 5,034 5,092 4,956 4,869 4,843 4,883 4,940 4,475 4,306 4,249 4,404 4,407 5,324 3,674 4,260 4,422 4,557 4,695 4,094 3,903 3,794 3,866 3,801 3,915 1,325.1 1,005.1 1,088 1,146.0 766.3 676.5 730.0 797.5 726.6 689.2 678.8 808.7 561.1 618.9 741.8 538 570 597 718 751 647 686 718 793 714 774 850 833 898 947 1,022
Deferred Tax Liabilities 229 231 0 358 335 345 372 370 328 280 0 0 0 331 0 0 0 350 0 0 286 0 306 289 290 0 307 343 332 318 266 101.8 96.5 90 169.3 156.8 149.6 149.2 132.7 126.1 114.8 109.1 94.5 96.7 87.5 78.9 93 58 61 60 66 41 42 42 67 61 70 78 0 0 0 0
Other Non-Current Liabilities 1,130 1,246 1,051 499 487 496 483 487 576 581 1,027 1,095 1,117 464 1,062 1,059 1,180 73 1,191 1,121 (33) 1,086 (33) (20) (83) 1,019 115 788 540 210 427 91.9 73.0 104 42.5 26.8 16.9 78.7 142.1 233.8 208.4 101.2 160.6 279.6 291.7 158.0 205 260 279 230 264 259 309 274 338 381 413 406 332 365 381 361
Total Non-Current Liabilities 7,483 7,554 6,548 6,242 6,120 6,066 6,141 6,089 6,193 6,006 6,203 6,223 6,279 5,821 5,733 5,760 5,810 5,363 5,831 6,680 4,458 5,492 5,192 5,306 5,447 5,278 4,775 4,948 4,761 4,624 4,616 1,624.4 1,296.1 1,358 1,468.4 1,072.7 977.8 1,060.6 1,126.5 1,093.7 1,048.2 967.2 1,108.3 937.5 998.1 1,017.6 859 907 953 1,008 1,100 968 1,058 1,066 1,247 1,191 1,284 1,362 1,213 1,304 1,370 1,383
Total Liabilities 7,644 7,764 7,684 7,403 7,447 7,367 7,321 7,239 7,489 7,298 7,043 7,004 7,122 7,141 6,609 6,594 6,679 6,627 6,539 7,402 6,449 6,216 6,328 6,397 6,660 6,183 5,937 5,753 5,761 5,552 5,492 1,991.9 1,693.7 1,804 1,873.8 1,464.6 1,412.9 1,483.6 1,517.9 1,406.8 1,411.8 1,423.5 1,491.1 1,262.6 1,346.4 1,450.9 1,217 1,236 1,331 1,423 1,442 1,321 1,401 1,474 1,594 1,493 1,573 1,711 1,517 1,576 1,605 1,738
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0.4 0.4 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 429 434 893 922 881 852 830 773 763 742 734 718 654 593 533 448 338 275 237 250 244 272 309 371 441 569 520 548 519 523 478 554.8 554.7 529 436.2 404.9 370.1 346.3 306.0 287.3 259.5 243.8 219.6 205.8 179.7 153.7 162 137 101 82 76 51 32 2 21 15 7 (2) 0 0 0 0
Accumulated Other Comprehensive Income (12) (11) (14) (14) (9) (8) (11) 1 15 16 18 23 18 15 6 (1) 4 (16) (39) (38) (45) (48) (67) (75) (77) (36) (19) (11) 4 6 16 15.8 23.0 17 17.2 12.2 9.7 5.5 12.1 12.7 12.9 11.4 13.3 14.8 11.5 17 20 23 23 23 20 20 20 21 18 17 23 0 1,648 1,916 1,947 28
Total Stockholders' Equity 1,992 1,993 2,465 2,484 2,435 2,442 2,419 2,372 2,379 2,382 2,408 2,476 2,478 2,496 2,626 2,745 2,814 2,976 2,973 2,982 2,709 2,651 2,658 2,699 2,759 3,019 3,112 3,264 3,346 3,461 3,496 1,065.6 1,066.2 1,041 949.2 968.8 933.2 907.8 868.3 846.7 919.0 976.3 1,036.0 1,060.6 1,042.5 1,079.7 1,130 1,174 1,188 1,209 1,218 1,190 1,168 1,139 1,152 1,154 1,148 1,134 1,648 1,916 1,947 1,904
Total Liabilities & Equity 9,636 9,757 10,149 9,887 9,882 9,808 9,740 9,611 9,867 9,680 9,453 9,482 9,602 9,639 9,237 9,340 9,503 9,613 9,543 10,414 9,187 8,898 9,011 9,117 9,432 9,214 9,059 9,023 9,112 9,018 9,013 3,057.6 2,760.0 2,845 2,823.0 2,433.4 2,346.2 2,391.4 2,386.2 2,253.6 2,330.8 2,399.7 2,527.0 2,323.2 2,388.9 2,530.6 2,347 2,410 2,519 2,632 2,660 2,511 2,569 2,613 2,746 2,647 2,721 2,845 3,165 3,492 3,552 3,642
Debt Metrics
Total Debt 5,647 5,753 5,739 5,385 5,298 5,225 5,286 5,232 5,289 5,145 5,187 5,146 5,187 5,026 4,679 4,717 4,654 4,487 4,648 5,575 4,456 4,406 4,431 4,567 4,704 4,259 3,980 3,949 3,889 3,818 3,923 1,332.3 1,012.4 1,095 1,153.2 773.6 691.0 737.2 804.7 733.8 696.5 678.8 769.7 561.1 618.9 703.0 538 570 597 678 751 647 686 678 793 714 774 850 833 898 947 1,022
Net Debt 5,379 5,020 5,265 5,180 5,102 5,028 5,089 5,026 5,052 4,897 4,922 4,904 4,881 4,502 4,385 4,393 4,300 4,145 4,200 4,263 3,813 3,882 3,771 4,001 4,053 3,972 3,797 3,770 3,667 3,587 3,482 784.6 688.5 686 713.1 688.4 589.1 590.1 630.0 636.4 589.8 501.7 448.0 310.2 346.8 356.5 392 400 438 478 463 543 567 575 581 631 697 740 808 873 918 996
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
Operating Activities
Net Income 22 (261) (2) 69 57 49 84 37 47 35 42 90 87 88 (2) 135 58 61 11 8 (25) (31) (58) (70) (105) 74 (7) 49 24 63 (36) 10.8 36.0 108.0 40.8 48.2 33.7 49.8 26.8 36.3 24.4 33.1 21.6 34.0 34.1 0.5 25.6 35.3 19.3 6 25 30 18 (7) 6 8 9 8 (221) 16 19 18 19 19 11
Depreciation & Amortization 34 149 38 38 38 37 36 35 38 36 33 34 32 34 33 32 33 34 35 36 41 30 30 31 32 35 33 36 37 33 17.6 5.8 5.6 5.7 5.8 5.0 5.2 6.2 4.7 5.1 5.1 8.4 5.3 4.5 4.1 6 4.3 4.3 4 7 5 5 6 9 7 7 7 10 8 8 7 11 8 8 8
Stock-Based Compensation 10 45 9 12 7 9 8 9 7 6 6 12 7 9 10 12 8 18 11 14 8 13 11 9 3 8 9 11 7 12 9 6 4 4 4 5.2 3.3 4.0 3.5 4.3 2.5 5.1 3.0 3.9 2.6 4.0 3.2 3.9 2.3 4 2 4 2 4 2 0 3 0 324 0 0 0 2 2 0
Change in Working Capital (67) (97) (527) (233) (76) 822 (585) (274) (135) (10) (503) (166) (161) 307 (47) (67) 8 (53) 121 104 (7) 84 122 (65) (157) 225 70 (37) (60) (65) 66 42.1 (18.2) 79.5 27.6 (23.1) 20.5 (46.5) 16.5 (42.7) (34.7) (61.1) (18.9) (8.6) (44.4) 52 33 (6) (11.7) 13 24 (6) (75) 26 31 41 (28) 144 58 9 (33) 21 35 21 (26)
Other Non-Cash Items (2) 288 525 55 (3) (776) 529 179 11 82 552 103 (21) (319) 168 (34) 4 (44) 3 25 (92) 84 112 147 115 (121) 15 (46) 15 (65) (37.4) (34.4) (11.2) (38.9) (31.7) (73.2) (22.4) 18.8 12.2 (2.1) 7.0 12.0 11.7 3.4 27.1 32.4 7.1 16.1 35.8 14 9 12 39 (1) 13 33 42 (103) 6 70 57 (7) 51 73 61
Operating Cash Flow (4) 6 62 (48) 8 100 72 30 3 83 122 77 (50) 142 162 89 129 40 155 208 (60) 141 231 49 (122) 202 124 28 28 30 9 35.2 23.3 71.4 56.7 (31.6) 45.7 49.3 69.8 11.2 9.9 8.3 22.1 46.6 32.1 84.9 108.3 49.9 48 39 89 45 (11) 5 52 81 25 72 88 93 59 43 135 141 64
Investing Activities
Capital Expenditure (8) (12) (11) (20) (14) (14) (14) (13) (16) (26) (29) (26) (37) (29) (13) (14) (9) (28) (8) (4) (7) (5) (2) (17) (17) (14) (13) (9) (10) (23) (9.5) (4.7) (3) (5.1) (9.8) (6.3) (5.1) (12.3) (7.3) (8.8) (6.3) (14.9) (5.2) (5.2) (10.6) (7) (4.8) (1.9) (1) (11) (4) (4) (3) (6) (4) (4) (3) (4) (3) (2) (6) (6) (5) (8) (5)
Acquisitions 50 3 0 0 0 0 0 0 0 16 0 0 0 3 1 90 3 3 0 (157) 0 0 0 0 0 51 0 0 0 40 (1,393.1) 0.1 0 0.0 0.0 0.0 0.0 0 0 69.7 0 0 0 20.1 0.2 0 0 11 21.8 0 0 0 3 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (4) (3) (5) (4) 5 (4) (6) (53) (17) (3) 10 0 (7) 46 (51) (4) (1) (3) (7) (1) (3) 16 0 (4) (1) (1) (3) 37 (1) (0.9) (3.1) (9) 0 (2.2) (1.9) (8.2) 52.0 (1.2) 0 0.0 50.3 (103.8) (3.3) 47.1 4 (23.2) 31.8 12.5 (21) 0 (18) 22 8 0 (10) 22 23 30 1 10 45 0 0 0
Investing Cash Flow 42 (13) (14) (25) (18) (9) (18) (19) (69) (27) (32) (16) (37) (33) 34 25 (10) (26) (11) (168) (8) (8) 14 (17) (21) 36 (14) (12) 27 16 (1,404) (7) (11.8) (5.1) (11.8) (8.2) (13.3) 39.6 (8.5) 60.9 (6.3) 35.5 (108.9) 11.6 36.7 (3) (27.9) 40.8 33.3 (32) (4) (22) 22 2 (4) (14) 19 19 27 (1) 4 39 (5) (8) (5)
Financing Activities
Net Debt Issuance (113) 31 232 86 70 (42) 23 (49) 132 85 15 (40) (51) 462 (39) 68 (78) 13 (935) 474 302 (170) (125) (139) 609 115 12 58 64 (124) 1,520 315.8 (86) (61.6) 417.6 34.7 (54.3) (68.4) 69.9 48.8 3.4 (92.0) 212.0 (64.6) (78.8) 173 (32.0) (49.9) (80.8) (72.6) 104 (39) 8 (116) 79 (60) (76) 17 (64) (50) (74) 103 (86) (56) (118)
Stock Repurchased (6) (25) 0 0 (36) (11) (9) (12) (24) (38) (86) (82) (80) (173) (216) (193) (119) (74) (4) 0 (15) (2) 0 0 (82) (123) (127) (109) (106) (94) (0.1) 1 (1.9) (5.2) (79.1) (3.9) (0.3) (54.5) (0.1) (90.1) (73.2) (95.3) (39.9) (15.0) (51.3) (43) (70.7) (52.0) (37.4) (27) 0 0 (4) (1) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (55) 0 (27) (28) (55) (26) 0 (27) (54) (26) 0 (26) (54) (24) 0 (26) (49) (23) 0 0 0 0 0 0 (45) (20) 0 (20) (41) (19) (0.1) (11) (21.3) (9.4) (0.4) (9.5) (19.0) (8.1) 0 (8.5) (17.6) (7.8) (7.9) (0.0) (8.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 (51) 0 0 0 0 0 0
Other Financing Activities 0 (1) 12 (7) (11) (27) 19 (13) (11) (6) 6 (7) 0 (66) (2) (5) (4) (8) (2) (13) (32) 0 0 (9) (14) (13) (5) (7) (9) (1) (35.8) 0.2 (9.4) (1.1) (26.1) (3.9) (7.9) (24.3) (4.2) (14.7) (3.3) 7.1 (4.2) (0.3) (3.5) (10) (0.5) 22.7 (3.7) (22.4) (5) 1 (3) 0 1 1 (1) (23) 21 (46) 24 (198) (33) (74) 52
Financing Cash Flow (174) 5 217 51 (32) (106) 33 (102) 43 13 (65) (155) (194) 199 (257) (156) (272) (92) (941) 461 255 (172) (125) (148) 468 (41) (120) (78) (92) (238) 1,484 306 (118.7) (77.4) 312.0 17.4 (81.2) (115.3) 65.6 (64.5) (90.7) (188.0) 159.7 (79.8) (141.7) 120 (103.3) (80.1) (121.9) (95) 99 (38) 5 (116) 80 (59) (77) (6) (94) (96) (50) (95) (119) (130) (66)
Cash Position
Net Change in Cash (137) 0 265 (19) (41) (19) 90 (93) (24) 71 23 (94) (280) 311 (63) (44) (153) (79) (798) 502 186 (36) 121 (113) 319 196 (11) (62) (36) (192) 88 333 (105.5) (11.2) 358.1 (22.0) (47.2) (27.7) 126.8 3.9 (70.4) (144.6) 70.8 (21.3) (74.3) 200.4 (24) 10.5 (41) (88) 184 (15) 16 (109) 129 6 (33) 85 0 (4) 3 (13) 11 3 (7)
Cash at Beginning 733 733 468 487 528 547 457 550 574 503 480 574 854 543 606 650 803 882 1,680 1,178 992 1,028 907 1,020 701 505 516 578 614 806 718 385 490.6 501.8 143.9 165.9 213.1 174.8 165.8 161.9 177.1 321.7 250.9 272.2 346.5 146 169.8 159.2 200 288 104 119 103 212 83 77 110 25 25 29 26 39 28 25 32
Cash at End 596 733 733 468 487 528 547 457 550 574 503 480 574 854 543 606 650 803 882 1,680 1,178 992 1,028 907 1,020 701 505 516 578 614 806 718 385.1 490.6 502 143.9 165.9 147.1 292.6 165.8 161.9 177.1 321.7 250.9 272.2 347 146 169.8 159 200 288 104 119 103 212 83 77 110 25 25 29 26 39 28 25
Free Cash Flow (12) (6) 51 (68) (6) 86 58 17 (13) 57 93 51 (87) 113 149 75 120 12 147 204 (67) 136 229 32 (139) 188 111 19 18 7 (1) 30.5 20.5 66.3 46.8 (37.9) 40.6 37.0 62.5 2.4 3.5 (6.6) 16.9 41.4 21.5 78 103.6 47.9 47.2 28 85 41 (14) (1) 48 77 22 68 85 109 53 37 130 133 59
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 1,257 1,323 812 1,246 1,200 1,327 1,305 1,140 1,195 1,194 743 823 804 832 1,252 840 736 1,100 1,052 979 759 747 649 480 1,010 1,145 1,066 1,068 1,060 1,052 750 594.7 570.8 481.2 487.0 497.6 487.5 564.7 407.0 429.9 419.2 545.6 407.1 422.8 454.9 511 413 409.9 401.9 527 412 421 389 510 383 383 372 484 378 380 371 479 360 374 371
Gross Profit 170 194 393 487 481 482 1,192 430 466 467 399 481 471 501 545 519 420 438 413 383 219 186 140 59 319 459 420 452 421 424 275 208.7 195.5 190.7 194.4 206.8 187.7 257.0 148.7 170.7 147.6 206.2 144.7 158.4 168.1 181 152 153.2 135.9 170 148 154 134 168 133 128 125 172 127 138 137 170 141 143 131
Operating Income 112 134 106 151 148 139 902 115 142 142 140 211 193 235 243 241 177 165 158 117 23 26 0 (40) 47 156 146 109 84 126 69 70 59 60.8 66 73.3 45.1 83.4 48.1 59.6 49.7 62.2 44.6 58.4 59.3 42.1 49.7 52.1 35.8 22 50 58 32 53 34 27 32 40 28 38 45 22 44 45 38
Net Income 22 (431) (2) 69 56 50 84 37 47 35 42 90 87 88 109 136 58 61 10 6 (28) (37) (62) (70) (106) 74 (9) 49 24 44 (58) 11 36.0 108.0 40 44.3 27.9 49.8 26.8 36.3 24.4 33.1 21.6 34.0 34.1 0.5 25.6 35.3 19.3 6 25 30 19 (7) 5 5 9 8 (221) 16 19 18 19 19 11
EPS (Diluted) 0.63 -12.35 -0.06 1.77 1.45 1.31 2.12 0.98 1.23 0.93 1.09 2.17 2.05 2.05 2.53 2.97 1.23 1.39 0.23 0.15 -0.68 -0.88 -1.51 -1.68 -2.56 1.71 -0.21 1.10 0.51 0.91 -1.77 0.39 1.32 3.95 1.45 1.72 1.00 1.80 0.97 1.26 0.82 1.06 0.67 1.05 1.03 0.03 0.75 1.00 0.54 0.17 0.67 0.85 0.51 -0.19 0.12 0.15 0.24 0.22 -6.57 0.48 0.56 0.54 0.56 0.56 0.33
Balance Sheet
Cash & Equivalents 268 733 474 205 196 197 197 206 237 248 265 242 306 524 294 324 354 342 448 1,312 643 524 660 566 651 287 183 179 222 231 441 547.7 323.8 409 440.1 85.2 101.8 147.1 174.8 97.4 106.6 177.1 321.7 250.9 272.2 346.5 146 170 159 200 288 104 119 103 212 83 77 110 25 25 29 26
Total Assets 9,636 9,757 10,149 9,887 9,882 9,808 9,740 9,611 9,867 9,680 9,453 9,482 9,602 9,639 9,237 9,340 9,503 9,613 9,543 10,414 9,187 8,898 9,011 9,117 9,432 9,214 9,059 9,023 9,112 9,018 9,013 3,057.6 2,760.0 2,845 2,823.0 2,433.4 2,346.2 2,391.4 2,386.2 2,253.6 2,330.8 2,399.7 2,527.0 2,323.2 2,388.9 2,530.6 2,347 2,410 2,519 2,632 2,660 2,511 2,569 2,613 2,746 2,647 2,721 2,845 3,165 3,492 3,552 3,642
Total Debt 5,647 5,753 5,739 5,385 5,298 5,225 5,286 5,232 5,289 5,145 5,187 5,146 5,187 5,026 4,679 4,717 4,654 4,487 4,648 5,575 4,456 4,406 4,431 4,567 4,704 4,259 3,980 3,949 3,889 3,818 3,923 1,332.3 1,012.4 1,095 1,153.2 773.6 691.0 737.2 804.7 733.8 696.5 678.8 769.7 561.1 618.9 703.0 538 570 597 678 751 647 686 678 793 714 774 850 833 898 947 1,022
Stockholders' Equity 1,992 1,993 2,465 2,484 2,435 2,442 2,419 2,372 2,379 2,382 2,408 2,476 2,478 2,496 2,626 2,745 2,814 2,976 2,973 2,982 2,709 2,651 2,658 2,699 2,759 3,019 3,112 3,264 3,346 3,461 3,496 1,065.6 1,066.2 1,041 949.2 968.8 933.2 907.8 868.3 846.7 919.0 976.3 1,036.0 1,060.6 1,042.5 1,079.7 1,130 1,174 1,188 1,209 1,218 1,190 1,168 1,139 1,152 1,154 1,148 1,134 1,648 1,916 1,947 1,904
Cash Flow
Operating Cash Flow (4) 6 62 (48) 8 100 72 30 3 83 122 77 (50) 142 162 89 129 40 155 208 (60) 141 231 49 (122) 202 124 28 28 30 9 35.2 23.3 71.4 56.7 (31.6) 45.7 49.3 69.8 11.2 9.9 8.3 22.1 46.6 32.1 84.9 108.3 49.9 48 39 89 45 (11) 5 52 81 25 72 88 93 59 43 135 141 64
Capital Expenditure (8) (12) (11) (20) (14) (14) (14) (13) (16) (26) (29) (26) (37) (29) (13) (14) (9) (28) (8) (4) (7) (5) (2) (17) (17) (14) (13) (9) (10) (23) (9.5) (4.7) (3) (5.1) (9.8) (6.3) (5.1) (12.3) (7.3) (8.8) (6.3) (14.9) (5.2) (5.2) (10.6) (7) (4.8) (1.9) (1) (11) (4) (4) (3) (6) (4) (4) (3) (4) (3) (2) (6) (6) (5) (8) (5)
Free Cash Flow (12) (6) 51 (68) (6) 86 58 17 (13) 57 93 51 (87) 113 149 75 120 12 147 204 (67) 136 229 32 (139) 188 111 19 18 7 (1) 30.5 20.5 66.3 46.8 (37.9) 40.6 37.0 62.5 2.4 3.5 (6.6) 16.9 41.4 21.5 78 103.6 47.9 47.2 28 85 41 (14) (1) 48 77 22 68 85 109 53 37 130 133 59