VICI Properties Inc. logo VICI - VICI Properties Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 20
HOLD 6
SELL 0
STRONG
SELL
0
| PRICE TARGET: $32.17 DETAILS
HIGH: $34.00
LOW: $30.00
MEDIAN: $32.00
CONSENSUS: $32.17
UPSIDE: 12.88%
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 1,018.5 1,013.1 1,015.2 1,001.3 984.2 976.1 964.7 957.0 951.5 931.9 904.3 898.2 877.6 769.9 751.5 662.6 416.6 383.2 375.7 376.4 374.3 373.0 339.7 257.9 255.0 237.5 222.5 220.7 214.0 226.0 232.7 221.0 218.3 187.6 4.1 5.1 4.6 4.8 4.3 5.0 4.6
Cost of Revenue 8.4 8.9 7.7 6.6 6.4 6.7 6.8 6.8 6.5 8.2 6.3 6.6 6.0 6.3 5.2 5.9 5.3 12.8 5.1 5.2 4.5 11.5 11.9 4.9 5.1 4.5 5.4 4.8 4.1 24.8 29.6 23.4 21.3 23.7 3.0 3.8 3.3 3.6 3.0 3.7 3.4
Gross Profit 1,010.1 1,004.2 1,007.5 994.7 977.9 969.3 957.8 950.2 945.0 923.6 898.0 891.6 871.7 763.6 746.4 656.8 411.3 370.4 370.6 371.2 369.8 361.5 327.7 253.0 249.9 233.0 217.1 215.9 209.9 201.3 203.0 197.5 196.9 163.9 1.1 1.3 1.4 1.2 1.2 1.3 1.2
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 16.0 19.3 16.3 14.6 14.9 20.7 16.5 15.8 16.2 15.3 14.4 14.9 15.0 15.0 12.1 11.8 9.5 9.0 8.4 7.6 8.1 8.1 8.0 7.5 7.0 5.1 6.7 6.5 6.2 4.3 5.7 7.2 7.3 9.9 0.3 0.5 0.6 0.4 0.5 0.6 0.5
Other Expenses (100.7) 171.2 7.1 (121.7) 207.5 114.9 (11.3) (22.7) 127.4 (43.4) 115.2 (21.9) 130.6 (12.3) 251.4 568.2 90.0 5.7 16.7 (21.4) 3.4 (15.8) 180.0 (63.1) 154.9 1.1 2.0 3.9 1.8 1.3 13.3 0.9 0.9 9.8 0.8 0.8 0 0.8 0.8 0.7 0.7
Operating Expenses (84.7) 190.6 23.4 (107.2) 222.3 135.6 5.2 (6.9) 143.6 (28.2) 129.6 (7.0) 145.6 2.7 263.5 580 99.4 14.7 25.1 (13.7) 11.5 (7.7) 188.0 (55.6) 161.9 6.2 8.7 10.4 8.0 5.6 18.9 8.1 8.2 19.7 1.1 1.3 0.6 1.2 1.2 1.3 1.2
Operating Income
Operating Income 1,094.8 813.6 984.0 1,101.9 755.5 833.7 952.7 957.1 801.4 951.8 768.4 898.6 726.1 760.9 482.9 76.8 311.9 355.7 345.4 384.9 358.3 369.2 139.7 308.6 88.0 226.8 208.4 205.5 201.9 195.7 184.1 189.4 188.7 144.2 0.8 0.8 0.8 0.0 0.0 0.0 0.0
Interest Expense 203.0 203.8 210.3 213.8 209.3 208.1 207.3 205.8 204.9 205.2 204.9 203.6 204.4 169.3 169.4 133.1 68.1 70.4 165.1 79.8 77.0 77.4 77.4 77.7 76.1 71.4 68.5 54.8 53.6 54.3 54.1 51.4 52.9 63.4 0 0 0 0.0 0.0 0 0
Interest Income 66.0 64.7 3.9 2.3 3.7 4.1 2.8 3.9 5.3 7.8 7.3 5.8 3.0 5.6 3.0 0.8 0.1 0.0 0.0 0.0 0.0 0.1 0.2 1.0 5.5 4.2 6.7 4.0 5.2 3.8 2.0 3.8 1.7 0.3 0 0 0 0 0 0.0 0.0
Profitability
EBITDA 1,093.9 814.5 988.8 1,098.5 760.1 835.8 955.3 962.8 807.4 956.7 772.0 908.0 734.1 786.0 507.5 76.8 312.0 355.8 330.4 384.9 350.4 369.0 474.2 310.9 55.3 173.7 216.1 210.5 208.0 200.4 187.1 194.2 168.3 106.7 0.8 0.8 0.8 0.8 0.8 0.7 0.7
EBIT 1,092.9 813.6 987.8 1,097.7 759.1 834.8 954.3 961.8 806.2 955.1 771.0 907.1 733.3 785.2 506.6 76.0 311.2 355.0 329.7 384.1 349.6 368.3 473.2 309.6 54.5 172.8 215.1 209.5 207.0 199.5 186.1 193.2 167.4 106.0 0 0 0 0.0 0.0 0.0 0.0
Income Before Tax 889.9 609.7 777.5 883.9 549.8 626.7 746.9 756.0 601.4 750.0 566.1 703.5 528.9 615.9 337.3 (57.1) 243.1 284.6 164.6 304.3 272.6 290.8 395.9 232.0 (21.6) 101.3 146.5 154.7 153.4 145.2 132.1 141.8 114.5 42.6 0 0 0 0.1 0 0 0
Income Tax Expense 4.0 (4.6) 3.9 5.6 (2.5) 2.4 2.5 3.2 1.6 (9.8) 0.6 1.9 1.1 1.0 0.4 1.0 0.4 0.8 0.4 1.3 0.5 0.4 (0.4) 0.3 0.5 0.6 0.0 0.6 0.5 0.6 0.1 0.4 0.4 (1.9) 0 0 0 0 0 0 0
Net Income 872.4 604.8 762.0 865.1 543.6 614.6 732.9 741.3 590.0 747.8 556.3 690.7 518.7 604.1 330.9 (57.7) 240.4 281.5 161.9 300.7 269.8 288.0 398.3 229.4 (24.0) 98.6 144.4 152.0 150.8 142.5 129.9 139.0 112.1 42.7 0 0 0 0.1 0 0 0
Per Share Data
EPS (Basic) 0.82 0.57 0.71 0.82 0.51 0.58 0.70 0.71 0.57 0.72 0.55 0.69 0.52 0.63 0.34 -0.06 0.35 0.45 0.29 0.56 0.50 0.54 0.75 0.47 -0.05 0.21 0.31 0.37 0.37 0.37 0.35 0.38 0.33 0.12 0.00
EPS (Diluted) 0.82 0.57 0.71 0.82 0.51 0.58 0.70 0.71 0.57 0.72 0.55 0.69 0.52 0.63 0.34 -0.06 0.35 0.44 0.28 0.54 0.50 0.53 0.74 0.47 -0.05 0.21 0.31 0.37 0.37 0.37 0.35 0.38 0.33 0.12 0.00
Shares Outstanding 1,068.4 1,061.1 1,067.3 1,056.2 1,056.0 1,055.0 1,046.6 1,042.7 1,042.4 1,036.7 1,013.0 1,006.9 1,001.5 962.6 962.6 896.5 684.3 628.6 555.2 536.7 536.5 536.3 533.4 489.0 465.2 460.7 460.7 412.3 405.7 385.7 369.9 369.9 342.9 344.2 360.8 360.8 360.8 360.8 360.8 360.8 360.8
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 480.2 563.5 507.5 233.0 334.3 524.6 355.7 347.2 485.3 522.6 510.9 738.8 247.7 208.9 518.4 614.0 568.7 739.6 669.5 407.5 322.5 316.0 144.1 1,680.5 369.1 1,101.9 431.4 1,205.3 598.3 577.9 145.2 940.7 918.2 183.6 0.1 0.2 0.1 0.9 (0.4)
Short-Term Investments 0 44.5 0 0 0 0 0 0 29.6 0 0 0 0 217.3 207.7 0 0 0 0 0 0 20.0 20.0 0 0 59.5 342.8 97.6 356.9 520.9 320.7 39.9 0 0 0 0 0 0 0.7
Net Receivables 21,465.3 18,727.3 21,030.4 20,900.0 20,434.0 18,451.7 18,436.7 18,366.4 18,294.2 18,236.3 17,365.2 17,167.0 17,071.7 16,759.7 16,458.7 16,505.7 2,660.9 2,653.0 2,647.4 2,654.1 2,637.0 2,625.5 2,605.6 872.6 855.0 61.7 2.5 1.1 3.6 8,916.0 8,815.6 8,294.8 8,281.6 8,268.6 0.2 0.1 0.2 0.1 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 0.5 0.3 0.4 0.4 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,000 2,002.0 0 32.1 28.2 24.4 (8,869.0) (8,815.5) (8,280.9) (8,267.7) (8,254.9) 0 0.3 0.3 0 0
Total Current Assets 21,950.6 19,340.0 21,540.5 21,136.0 20,772.7 18,980.9 18,797.6 18,720.5 18,813.6 18,763.7 17,879.8 17,911.0 17,327.2 17,193.3 17,190.7 17,126.4 3,233.1 3,396.3 3,320.1 3,065.9 2,962.2 2,964.2 2,770.8 4,554.3 3,227.8 1,226.4 809.8 1,333.7 986.5 1,148.9 466.0 994.5 932.0 197.4 0.9 0.9 1.0 1.6 0.4
Non-Current Assets
Property, Plant & Equipment 962.2 960.9 966.1 964.3 962.4 967.3 955.3 956.6 949.8 952.6 893.3 876.8 878.2 876.7 876.0 886.8 564.9 359.3 359.7 363.8 364.4 364.2 364.7 96.7 97.3 96.8 90.7 82.1 82.9 71.5 72.3 73.0 73.7 74.3 88.3 87.4 88.1 88.8 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 81.4 81.7 82.0 1,651.5 1,550.7 1,461.2 0 1,144.2 973.2 627.3 886.5 1,460.8 1,463.2 1,464.8 513.1 498.0 523.9 505.3 515.3 0 0 49.9 48.5 0 0 0 0 0 8,815.6 8,294.8 8,281.6 8,268.6 0 0 0 0 0
Other Non-Current Assets 24,168.9 26,413.7 23,942.8 23,866.1 23,699.2 23,763.4 23,609.2 23,365.9 24,385.5 23,190.0 23,085.8 22,835.5 22,760.9 18,045.0 17,778.1 17,811.3 17,430.2 13,343.8 13,345.1 13,284.6 13,243.2 13,735.2 13,716.3 11,576.8 11,533.6 11,942.4 11,680.9 11,106.2 10,379.3 10,113.0 1,210.7 1,198.7 1,195.2 1,195.6 0 0 0 0 (0.4)
Total Non-Current Assets 25,139.1 27,384.2 24,995.3 24,918.0 24,753.4 26,388.1 26,120.5 25,790.7 25,344.3 25,296.2 24,952.3 24,339.6 24,525.6 20,382.5 20,117.3 20,162.9 18,508.2 14,201.1 14,228.7 14,153.6 14,122.8 14,099.4 14,081.0 11,723.4 11,679.4 12,039.3 11,771.7 11,188.4 10,462.1 10,184.5 10,102.5 9,570.2 9,554.2 9,542.3 88.3 87.4 88.1 88.8 (0.4)
Total Assets 47,089.7 46,724.2 46,535.8 46,054.0 45,526.1 45,368.9 44,918.1 44,511.2 44,157.9 44,059.8 42,832.1 42,250.6 41,852.8 37,575.8 37,308.0 37,289.2 21,741.3 17,597.4 17,548.8 17,219.5 17,085.0 17,063.6 16,851.8 16,277.6 14,907.2 13,265.6 12,581.5 12,522.0 11,448.7 11,333.4 10,568.5 10,564.7 10,486.2 9,739.7 89.2 88.4 89.1 90.5 0
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0.4 0.2 0.7 0.3 0.8 0.4 0.6 1.3 0.5 1.2 1.1 0.0 1.3 2.5 5.2 0.2 0.3 0.5 0.3 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 103.6 0 0 0 600 0 0 0 0 0 0 0 0 0 0 0 0 0 2,072.7 2,071.7 2,070.8 300 0 0 0 0.0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0.4 0.5 93.7 0.3 0.4 0.5 70.3 0.2 0.0 0.4 43.6 0.7 72.0 60.9 68.1 0.2 0 0 0.2 0
Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 (103.6) 0 0 0 (600) 0 0 0 0 (93.7) 0 0 0 0 0 0 0 0 (2,072.7) (2,071.7) (2,070.8) (300) 0.2 0.1 0.3 0.2 0
Total Current Liabilities 659.8 725.0 668.9 681.9 653.6 679.9 652.2 653.5 624.3 664.8 649.3 608.0 617.5 593.6 583.1 520.3 368.3 339.8 345.3 256.7 255.1 332.8 231.2 221.1 205.3 249.2 203.3 164.2 149.9 206.1 158.4 187.2 154.8 97.7 1.0 1.1 1.3 1.0 0
Non-Current Liabilities
Long-Term Debt 16,787.1 16,773.2 16,762.7 16,922.3 16,847.0 16,732.9 16,743.6 16,727.4 16,711.7 16,724.1 16,692.7 16,624.2 16,606.2 13,739.7 13,730.5 13,721.5 5,297.0 4,694.5 4,692.0 6,772.9 6,769.2 6,765.5 6,761.8 6,758.1 6,754.5 4,791.6 4,125.5 4,124.4 4,123.4 4,122.3 4,121.2 4,120.1 4,119.3 4,785.8 0 0 0 0 0
Deferred Tax Liabilities 6.9 6.6 6.0 4.0 3.8 3.8 4.6 4.5 4.5 4.5 4.3 4.4 4.3 4.3 4.2 4 4.0 3.9 3.8 3.7 3.8 3.5 3.5 3.3 3.4 3.4 3.5 3.0 3.3 3.3 4.0 3.7 3.7 3.7 5.0 0 0 5.0 0
Other Non-Current Liabilities 102.4 80.2 83.5 85.8 81.7 83.3 90.6 92.6 96.2 104.2 103.9 103.1 122.4 118.8 97.1 91.7 82.7 74.6 80.6 149.6 155.1 72.5 183.3 193.9 193.1 75.7 155.1 146.9 114.7 57.1 77.0 8.8 12.7 8.0 0.2 5.3 5.3 0.3 (85.4)
Total Non-Current Liabilities 17,811.0 17,776.6 17,769.7 17,928.0 17,849.8 17,737.2 17,742.9 17,731.5 17,715.0 17,737.2 17,647.2 17,558.0 17,560.8 14,692.1 14,662.6 14,654.1 5,889.2 5,070.4 5,074.7 7,227.7 7,230.2 7,237.1 7,251.1 6,982.2 6,977.9 4,967.4 4,304.1 4,285.5 4,252.8 4,226.3 4,202.8 4,204.6 4,196.6 4,865.6 5.3 5.3 5.3 5.3 (85.4)
Total Liabilities 18,470.8 18,501.6 18,438.6 18,609.9 18,503.4 18,417.1 18,395.0 18,384.9 18,339.3 18,402.1 18,296.5 18,166.0 18,178.3 15,285.7 15,245.7 15,174.3 6,257.5 5,410.2 5,420.0 7,484.5 7,485.3 7,569.9 7,482.3 7,203.2 7,183.2 5,216.6 4,507.4 4,449.6 4,402.8 4,432.3 4,361.2 4,391.8 4,351.3 4,963.3 6.3 6.4 6.6 6.3 (85.4)
Stockholders' Equity
Common Stock 10.7 10.7 10.7 10.6 10.6 10.6 10.5 10.4 10.4 10.4 10.2 10.1 10.0 9.6 9.6 9.6 7.5 6.3 6.3 5.4 5.4 5.4 5.4 5.3 4.7 4.6 4.6 4.6 4.1 4.0 3.7 3.7 3.7 3.0 0 81.9 82.4 84.1 0
Retained Earnings 3,158.4 2,767.1 2,643.3 2,362.2 1,954.1 1,867.4 1,711.3 1,431.3 1,122.9 965.8 652.4 518.1 220.3 93.2 (133.3) (88.6) 315.8 346.0 291.0 355.5 232.0 139.5 29.3 (191.8) (262.5) 208.1 246.6 239.3 219.8 187.1 160.9 137.4 95.6 42.7 0.1 0.1 0.1 0.1 0
Accumulated Other Comprehensive Income 118.9 121.0 125.2 136.1 132.5 144.6 141.7 148.2 156.6 153.9 186.2 173.7 170.4 185.4 191.3 197.3 109.5 0.9 0 (70.8) (80.1) (92.5) (104.3) (117.3) (118.2) (65.1) (77.1) (70.0) (39.3) (22.1) 5.5 (4.6) 0 0 0 0 0 0 85.4
Total Stockholders' Equity 28,188.7 27,797.6 27,673.6 27,024.5 26,609.2 26,538.0 26,111.3 25,718.9 25,414.8 25,255.9 24,165.0 23,716.7 23,311.2 21,933.6 21,709.6 21,762.5 15,404.7 12,108.3 12,050.1 9,656.6 9,521.6 9,415.8 9,292.0 8,992.7 7,642.6 7,965.2 7,990.3 7,988.7 6,962.3 6,817.4 6,123.8 6,089.6 6,051.9 4,691.5 83.0 82.0 82.5 84.1 85.4
Total Liabilities & Equity 47,089.7 46,724.2 46,535.8 46,054.0 45,526.1 45,368.9 44,918.1 44,511.2 44,157.9 44,059.8 42,832.1 42,250.6 41,852.8 37,575.8 37,308.0 37,289.2 21,741.3 17,597.4 17,548.8 17,219.5 17,085.0 17,063.6 16,851.8 16,277.6 14,907.2 13,265.6 12,581.5 12,522.0 11,448.7 11,333.4 10,568.5 10,564.7 10,486.2 9,739.7 89.2 88.4 89.1 90.5 85.4
Debt Metrics
Total Debt 17,701.7 17,689.7 17,680.2 17,838.2 17,764.3 17,650.1 17,647.6 17,634.4 17,614.3 17,628.5 17,539.0 17,450.5 17,537.6 14,569.0 14,561.3 14,558.4 6,402.5 4,991.8 4,989.8 7,074.1 7,070.7 7,067.4 7,064.1 6,784.6 6,780.9 4,818.0 4,145.2 4,135.5 4,134.5 4,122.3 6,193.8 6,191.8 6,190.0 5,085.8 0 0 0 0.0 0
Net Debt 17,221.5 17,126.3 17,172.7 17,605.2 17,430.0 17,125.5 17,292.0 17,287.3 17,129.0 17,105.9 17,028.1 16,711.7 17,289.9 14,360.0 14,042.9 13,944.4 5,833.8 4,252.2 4,320.3 6,666.5 6,748.2 6,751.4 6,920.0 5,104.1 6,411.9 3,716.1 3,713.8 2,930.2 3,536.2 3,544.4 6,048.6 5,251.1 5,271.8 4,902.1 (0.1) (0.2) (0.1) (0.9) 0.4
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
Operating Activities
Net Income 872.4 614.3 773.6 878.4 552.3 624.2 744.5 752.8 599.8 759.7 565.5 701.6 527.9 614.8 336.9 (58.1) 242.7 283.8 164.2 303.1 272.1 290.4 396.2 231.6 (22.1) 100.7 146.5 154.1 152.9 144.6 132.0 141.4 114.1 44.5 0 0 0 0 0 0 0
Depreciation & Amortization 1.0 1.0 0.9 0.7 1.0 1.0 1.0 1.0 1.1 1.6 1.0 0.9 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.7 0.9 1.2 0.9 0.9 1 1.0 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 0.8 0.7 0.7
Stock-Based Compensation 4.1 4.4 4.4 4.4 2.9 4.5 4.6 4.6 3.8 4.0 4.0 4.0 3.5 3.6 3.5 3.2 2.6 2.3 2.4 2.4 2.3 2.0 2.0 2.0 1.4 1.4 1.4 1.4 1.1 0.9 0.6 0.5 0.4 1.4 0 0 0 0 0 0 0
Change in Working Capital (61.0) 59.1 5.9 23.5 (29.5) 34.1 (18.1) 18.5 (46.1) 6.1 4.7 (12.4) (12.4) (0.0) 33.1 22.5 (9.2) 3.2 5.8 (2.2) (93.6) 91.6 (6.6) 3.5 (40.5) 66.4 8.0 (8.8) (38.2) 34.3 (52.5) (6.9) (4.5) 93.0 (0.2) 0.2 (0.1) (0.3) 0.1 0.0 (0.1)
Other Non-Cash Items (186.7) 17.7 (201.4) (271.2) 69.2 (21.0) (154.9) (164.1) (15.4) (195.0) (23.0) (163.7) 2.3 (131.4) 130.0 684.6 61.2 (4.6) 27.3 (49.3) (25.8) (40.6) (171.5) (57.3) 197.8 75.5 17.3 (0.4) (1.0) (5.1) 0.8 (11.7) 11.6 (8.3) (0.0) (0.2) 0.2 (0.2) 0.2 (0.4) 0.3
Operating Cash Flow 631.9 691.9 586.3 639.9 591.9 644.1 579.1 614.6 543.7 576.5 552.1 530.4 522.0 487.9 504.3 653.0 298.2 285.4 200.5 254.7 155.7 344.1 221.0 181.1 137.4 245.0 174.3 147.3 115.6 175.6 81.9 124.2 122.5 129.4 0.6 0.7 0.9 0.3 1.1 0.4 0.9
Investing Activities
Capital Expenditure (0.6) (0.3) 0.8 (0.7) (0.2) (1.1) (1.4) (2.7) (2.4) (2.1) (0.6) (0.3) (1.0) (0.7) (0.5) (0.2) (0.5) (0.9) (0.1) (0.3) (1.2) 1,409.8 (1,407.6) (0.9) (1.3) (0.3) (1,531.5) (0.3) (1.2) (0.2) (0.2) (0.2) (0.3) (0.1) (1.9) (0.1) (0.1) (0.1) (0.8) 0 0
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 (1,266.9) 0 (0.1) (4,574.4) 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
Purchases of Investments (734.5) (145.4) (786.4) 385.4 (385.4) 323.7 (625.6) (32.3) (107.2) 692.2 (918.3) 200.4 (215.4) 3,914.0 (294.9) 14.8 (4,027.7) 0 (19.2) 0 (6) (1,407.3) (2,340.3) (0.1) (897.4) (281.8) 628.0 (779.0) (289.3) (784.6) (889.3) (39.9) 0 (1,136.2) 0 0 0 0 0 0 0
Sales/Maturities of Investments 44.5 10.7 0 0 0 0 0 29.6 0 0 0.1 0 217.3 89.2 1.1 0 0 0 0 0 20.0 0 0 0 59.5 283.3 97.6 332.1 188.8 320.7 100.8 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 467.7 (4.4) 735.4 (714.4) (0.1) (582.8) 385.4 (306.5) 0.4 (1,644.3) 184.7 58.0 (202.9) (4,417.4) 47.7 (54.3) (0.1) 22.4 (3.0) 10.0 19.7 7.8 (1,375.3) 0.1 (0.3) (6.7) (0.9) (0.6) 0.6 155.7 (3.3) 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow (222.9) (139.3) (50.1) (329.8) (385.6) (260.2) (241.6) (311.9) (109.2) (954.2) (734.1) 258.1 (1,468.9) (414.9) (246.7) (4,614.1) (4,028.2) 21.6 (22.2) 9.7 32.4 7.6 (3,715.9) (0.9) (839.6) (5.5) (806.8) (447.9) (101.2) (308.4) (792.0) (40.1) (0.3) (1,136.3) (1.7) (0.1) (0.1) (0.1) (0.8) 0 0
Financing Activities
Net Debt Issuance 0 (7.3) (172.3) 53.6 96.5 (15.8) (3.7) (0.2) (21.5) 10.9 55.5 0 102.7 (5,600) 600 4,400 600 0 (2,100) 0 0 (0.0) 55.4 (6.1) 1,962.5 586.5 0 0 0 0 (0.1) (0.3) (690.1) 142.6 0 0 (0.0) (0.0) (0.0) (0.0) (0.0)
Stock Repurchased (2.3) 0 0 (0.0) (7.2) 0 (0.0) (0.3) (5.0) 0 (0.0) (0.4) (4.6) (0.0) 0 (3.4) (2.7) (0.1) 0 (0.1) (1.5) (0.0) 0 (0.0) (0.2) 0 0 0 0 0 0 0 0 0 (0.1) 0 0 0 0 0 0
Dividends Paid (481.4) (480.7) (456.8) (456.9) (459.0) (452.7) (432.7) (432.8) (434.8) (422.1) (382.9) (396.3) (382.6) (375.4) (346.5) (269.3) (227.9) (226.4) (177.1) (177.2) (178.0) (177.0) (158.7) (139.4) (137.1) (137.1) (132.4) (118.1) (116.3) (106.4) (97.0) (59.3) 0 0 0 0 0 0 0 0 0
Other Financing Activities (8.4) (8.2) (8) (8.3) (27.1) (10.0) (8.0) (7.8) (10.5) (7.2) (16.9) (2.3) (2.3) 5,593.0 (606.7) (120.8) (29.4) (10.1) (25.2) (2.1) (2.1) (2.7) (1.4) (2.0) (53.7) (50.4) (4.4) (7.4) (2.0) (2.0) (2.0) (2.0) (4.6) 42.1 1.0 (0.5) (1.7) (0.2) (0.1) (0.2) (0.8)
Financing Cash Flow (492.1) (496.3) (261.8) (411.6) (396.8) (214.9) (329.3) (441.2) (471.8) 389.3 (45.6) (297.5) 985.5 (382.5) (353.2) 4,006.4 3,559.2 (236.9) 83.8 (179.4) (181.6) (179.8) (41.6) 1,129.3 1,971.3 398.9 (137.5) 911.5 9.7 586.0 (99.1) (61.5) 612.5 1,148.4 1.0 (0.5) (1.7) (0.2) (0.1) (0.2) (0.8)
Cash Position
Net Change in Cash (83.3) 56.0 274.5 (101.3) (190.3) 168.9 8.5 (138.2) (37.3) 11.7 (227.9) 491.1 38.7 (309.4) (95.6) 45.3 (170.9) 70.1 262.0 85.0 6.5 171.9 (3,536.5) 1,309.5 1,269.2 638.4 (770.0) 610.9 24.2 453.2 (809.3) 22.5 734.6 141.6 (0.1) 0.1 (0.8) 0.1 0.2 0.2 0.1
Cash at Beginning 563.5 507.5 233.0 334.3 524.6 355.7 347.2 485.3 522.6 510.9 738.8 247.7 208.9 518.4 614.0 568.7 739.6 669.5 407.5 322.5 316.0 144.1 3,680.5 2,371.1 1,101.9 463.5 1,233.6 622.6 598.4 145.3 954.5 932.0 197.4 55.8 0.2 0.1 0.9 0.8 0.7 0.4 0.4
Cash at End 480.2 563.5 507.5 233.0 334.3 524.6 355.7 347.2 485.3 522.6 510.9 738.8 247.7 208.9 518.4 614.0 568.7 739.6 669.5 407.5 322.5 316.0 144.1 3,680.5 2,371.1 1,101.9 463.5 1,233.6 622.6 598.4 145.3 954.5 932.0 197.4 0.1 0.2 0.1 0.9 0.8 0.7 0.4
Free Cash Flow 631.9 691.6 587.1 639.2 591.7 643.0 577.7 611.9 541.3 574.4 551.5 530.0 521.0 487.2 503.9 652.7 297.7 284.6 200.3 254.5 154.5 1,753.9 (1,186.6) 180.2 136.1 244.7 (1,357.3) 147.0 114.5 175.4 81.7 124.0 122.1 129.4 (1.3) 0.7 0.9 0.3 1.1 0.4 0.9
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 1,018.5 1,013.1 1,015.2 1,001.3 984.2 976.1 964.7 957.0 951.5 931.9 904.3 898.2 877.6 769.9 751.5 662.6 416.6 383.2 375.7 376.4 374.3 373.0 339.7 257.9 255.0 237.5 222.5 220.7 214.0 226.0 232.7 221.0 218.3 187.6 4.1 5.1 4.6 4.8 4.3 5.0 4.6
Gross Profit 1,010.1 1,004.2 1,007.5 994.7 977.9 969.3 957.8 950.2 945.0 923.6 898.0 891.6 871.7 763.6 746.4 656.8 411.3 370.4 370.6 371.2 369.8 361.5 327.7 253.0 249.9 233.0 217.1 215.9 209.9 201.3 203.0 197.5 196.9 163.9 1.1 1.3 1.4 1.2 1.2 1.3 1.2
Operating Income 1,094.8 813.6 984.0 1,101.9 755.5 833.7 952.7 957.1 801.4 951.8 768.4 898.6 726.1 760.9 482.9 76.8 311.9 355.7 345.4 384.9 358.3 369.2 139.7 308.6 88.0 226.8 208.4 205.5 201.9 195.7 184.1 189.4 188.7 144.2 0.8 0.8 0.8 0.0 0.0 0.0 0.0
Net Income 872.4 604.8 762.0 865.1 543.6 614.6 732.9 741.3 590.0 747.8 556.3 690.7 518.7 604.1 330.9 (57.7) 240.4 281.5 161.9 300.7 269.8 288.0 398.3 229.4 (24.0) 98.6 144.4 152.0 150.8 142.5 129.9 139.0 112.1 42.7 0 0 0 0.1 0 0 0
EPS (Diluted) 0.82 0.57 0.71 0.82 0.51 0.58 0.70 0.71 0.57 0.72 0.55 0.69 0.52 0.63 0.34 -0.06 0.35 0.44 0.28 0.54 0.50 0.53 0.74 0.47 -0.05 0.21 0.31 0.37 0.37 0.37 0.35 0.38 0.33 0.12 0.00
Balance Sheet
Cash & Equivalents 480.2 563.5 507.5 233.0 334.3 524.6 355.7 347.2 485.3 522.6 510.9 738.8 247.7 208.9 518.4 614.0 568.7 739.6 669.5 407.5 322.5 316.0 144.1 1,680.5 369.1 1,101.9 431.4 1,205.3 598.3 577.9 145.2 940.7 918.2 183.6 0.1 0.2 0.1 0.9 (0.4)
Total Assets 47,089.7 46,724.2 46,535.8 46,054.0 45,526.1 45,368.9 44,918.1 44,511.2 44,157.9 44,059.8 42,832.1 42,250.6 41,852.8 37,575.8 37,308.0 37,289.2 21,741.3 17,597.4 17,548.8 17,219.5 17,085.0 17,063.6 16,851.8 16,277.6 14,907.2 13,265.6 12,581.5 12,522.0 11,448.7 11,333.4 10,568.5 10,564.7 10,486.2 9,739.7 89.2 88.4 89.1 90.5 0
Total Debt 17,701.7 17,689.7 17,680.2 17,838.2 17,764.3 17,650.1 17,647.6 17,634.4 17,614.3 17,628.5 17,539.0 17,450.5 17,537.6 14,569.0 14,561.3 14,558.4 6,402.5 4,991.8 4,989.8 7,074.1 7,070.7 7,067.4 7,064.1 6,784.6 6,780.9 4,818.0 4,145.2 4,135.5 4,134.5 4,122.3 6,193.8 6,191.8 6,190.0 5,085.8 0 0 0 0.0 0
Stockholders' Equity 28,188.7 27,797.6 27,673.6 27,024.5 26,609.2 26,538.0 26,111.3 25,718.9 25,414.8 25,255.9 24,165.0 23,716.7 23,311.2 21,933.6 21,709.6 21,762.5 15,404.7 12,108.3 12,050.1 9,656.6 9,521.6 9,415.8 9,292.0 8,992.7 7,642.6 7,965.2 7,990.3 7,988.7 6,962.3 6,817.4 6,123.8 6,089.6 6,051.9 4,691.5 83.0 82.0 82.5 84.1 85.4
Cash Flow
Operating Cash Flow 631.9 691.9 586.3 639.9 591.9 644.1 579.1 614.6 543.7 576.5 552.1 530.4 522.0 487.9 504.3 653.0 298.2 285.4 200.5 254.7 155.7 344.1 221.0 181.1 137.4 245.0 174.3 147.3 115.6 175.6 81.9 124.2 122.5 129.4 0.6 0.7 0.9 0.3 1.1 0.4 0.9
Capital Expenditure (0.6) (0.3) 0.8 (0.7) (0.2) (1.1) (1.4) (2.7) (2.4) (2.1) (0.6) (0.3) (1.0) (0.7) (0.5) (0.2) (0.5) (0.9) (0.1) (0.3) (1.2) 1,409.8 (1,407.6) (0.9) (1.3) (0.3) (1,531.5) (0.3) (1.2) (0.2) (0.2) (0.2) (0.3) (0.1) (1.9) (0.1) (0.1) (0.1) (0.8) 0 0
Free Cash Flow 631.9 691.6 587.1 639.2 591.7 643.0 577.7 611.9 541.3 574.4 551.5 530.0 521.0 487.2 503.9 652.7 297.7 284.6 200.3 254.5 154.5 1,753.9 (1,186.6) 180.2 136.1 244.7 (1,357.3) 147.0 114.5 175.4 81.7 124.0 122.1 129.4 (1.3) 0.7 0.9 0.3 1.1 0.4 0.9