Viper Energy, Inc. logo VNOM - Viper Energy, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 37
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $55.43 DETAILS
HIGH: $61.00
LOW: $49.00
MEDIAN: $55.00
CONSENSUS: $55.43
UPSIDE: 18.21%
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
Revenue
Revenue 496 422 393 287 245 228.5 209.4 216 205 204.6 293.0 160.6 168.6 203.4 221.4 239.2 201.8 165.6 127.9 113.9 96.8 76.0 62.6 32.5 78.5 92.4 71.8 72.2 61.6 73.7 78.6 75.3 62.4 59.2 42.5 36.6 33.7 27.9 20.0 17.0 14.2 19.9 18.8 19.6 16.5 21.9 22.8 17.2 15.9 15.0
Cost of Revenue 241 263 209 145 84 80.8 69.6 64 61 57.4 48.6 46.7 43.9 42.1 46.1 48.0 41.3 37.9 34.0 32.1 31.5 33.8 29.8 25.9 30.8 33.0 23.4 20.9 19.9 22.4 21.6 18.1 15.8 14.9 13.9 12.4 9.9 9.7 8.2 8.0 9.5 9.9 10.4 10.4 10.2 9.6 9.4 7.5 6.5 6.2
Gross Profit 255 159 184 142 161 147.8 139.8 152 144 147.2 244.5 113.9 124.7 161.4 175.3 191.2 160.5 127.8 93.9 81.8 65.3 42.2 32.8 6.6 47.7 59.3 48.4 51.3 41.7 51.2 57.0 57.2 46.6 44.4 28.6 24.2 23.7 18.2 11.8 9.0 4.7 10.0 8.4 9.3 6.3 12.3 13.3 9.8 9.4 8.8
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
SG&A Expenses 13 12 10 1 6 4.5 4.6 4 5 4.0 1.9 2.0 2.8 2.6 2.1 1.9 2.0 1.7 1.7 2.2 2.2 2.0 1.8 1.7 2.7 2.3 1.8 1.7 1.7 0.4 2.2 2.4 3.0 1.5 1.6 1.7 2.3 1.3 1.2 1.3 1.8 1.4 1.8 1.3 1.6 1.8 2.1 0.3 0.1 0.1
Other Expenses 4 6 0 6 0 (0.1) (0.4) 0 0 0.2 (0.2) (0.2) (0.4) (0.2) (0.2) (0.2) (0.1) (0.1) (0.1) (0.2) (0.1) 68.9 (0.3) (0.2) (0.2) (0.3) 0 0 0 0.4 0 0.4 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0
Operating Expenses 17 18 10 7 6 4.4 4.2 4 5 4.2 1.7 1.8 2.4 2.4 1.9 1.7 1.8 1.5 1.6 2.0 2.1 70.9 1.5 1.5 2.4 1.9 1.8 1.7 1.7 1.7 2.2 2.3 2.9 1.5 1.6 1.7 2.3 1.3 1.2 1.3 1.8 1.4 1.8 1.3 1.6 1.8 2.1 0.3 0.1 0.1
Operating Income
Operating Income 238 141 174 135 155 143.3 135.6 148 139 143.0 242.8 112.1 122.3 159.0 173.4 189.4 158.7 126.2 92.3 79.9 63.2 (28.7) 31.3 5.1 45.2 57.4 46.6 49.6 40.0 49.5 54.8 54.9 43.7 42.8 27.1 22.5 21.4 16.9 10.6 (13.7) (23.1) 5.1 6.5 7.9 4.8 10.5 11.2 9.5 9.2 8.7
Interest Expense 27 36 32 15 13 19.1 16.7 18 20 16.7 11.0 11.1 9.7 10.3 10.7 9.8 9.6 9.9 8.3 8.0 7.9 8.1 8.2 7.7 9.0 10.0 3.8 2.7 4.5 4.8 3.7 3.3 2.1 1.1 0.9 0.6 0.6 0.9 0.7 0.5 0.4 0.4 0.4 0.2 0.2 0.2 0.3 5.4 5.4 5.7
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
Profitability
EBITDA 444 375 (9) 230 271 214.1 197.8 201 179 193.7 276.3 133.6 138.3 191.7 204.9 219.5 167.7 156.2 108.0 74.3 56.6 (16.3) 49.2 (2.6) 52.2 85.6 65.3 66.1 56.2 67.0 71.4 68.1 55.2 54.8 38.1 32.5 29.3 25.2 17.3 (7.0) (14.8) 17.4 15.3 16.9 13.7 18.5 19.1 15.6 14.8 13.9
EBIT 238 141 (191) 106 187 149.5 143.0 153 132 148.9 240.1 99.5 107.4 160.4 174.4 187.6 140.3 127.5 82.7 50.4 31.8 (44.6) 24.4 (25.4) 27.6 58.8 46.6 49.6 40.0 49.5 54.8 54.9 43.7 42.8 27.1 22.5 21.4 16.9 10.6 (13.6) (22.9) 5.3 6.7 8.3 5.2 11.0 11.2 9.5 9.2 8.7
Income Before Tax 243 (267) (223) 91 174 130.4 126.2 135 112 132.1 229.1 88.4 97.7 150.2 163.7 177.8 130.7 117.6 74.4 42.4 23.9 (52.7) 16.2 (33.1) 18.6 48.9 43.6 47.5 39.7 39.5 51.6 56.6 42.9 42.1 26.6 22.1 20.7 16.3 10.2 (14.0) (23.3) 4.9 6.4 8.0 5.1 10.8 10.9 4.1 3.9 3.0
Income Tax Expense 28 (21) (26) 7 21 (142.4) 17.2 12 13 6.2 21.9 8.4 9.4 4.9 (46.4) 6.2 2.6 0.6 0.9 0 0.0 0 0 0 142.5 0.3 (7.5) 0.2 (34.6) (1.3) 0.8 (71.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income 97 (103) (77) 37 75 210.1 48.9 57 43 57.0 78.6 30.6 34.0 21.7 79.3 34.0 16.6 39.5 16.8 4.7 (3.0) (27.6) (0.8) (21.8) (142.2) 2.3 7.9 2.2 33.8 (0.7) 2.3 99.4 42.9 42.1 26.6 22.1 20.7 16.3 10.2 (14.0) (23.3) 4.9 6.4 8.0 5.1 10.8 10.9 3.2 3.9 3.0
Per Share Data
EPS (Basic) 0.54 -0.61 -0.52 0.28 0.62 2.04 0.52 0.62 0.49 0.70 1.11 0.42 0.47 0.29 1.06 0.44 0.22 0.50 0.26 0.07 -0.05 -0.41 -0.01 -0.32 -2.10 0.03 0.13 0.04 0.61 -0.01 0.05 1.36 0.38 0.37 0.24 0.23 0.22 0.19 0.12 -0.18 -0.29 0.06 0.08 0.10 0.06 0.14 0.14 0.01 0.05 0.04
EPS (Diluted) 0.53 -0.61 -0.52 0.28 0.62 2.04 0.52 0.62 0.49 0.70 1.11 0.42 0.47 0.29 1.06 0.44 0.22 0.50 0.26 0.07 -0.05 -0.41 -0.01 -0.32 -2.10 0.03 0.13 0.04 0.61 -0.01 0.05 1.35 0.38 0.37 0.24 0.23 0.22 0.19 0.12 -0.18 -0.29 0.06 0.08 0.10 0.06 0.14 0.14 0.01 0.05 0.04
Shares Outstanding 181.3 168.6 148.9 126.0 120.9 103.0 93.7 91.4 87.5 81.2 70.9 71.8 72.7 73.8 74.9 76.6 77.1 79.0 64.2 64.7 65.4 67.3 67.8 67.8 67.8 66.1 62.6 62.6 55.4 51.7 48.2 73.3 113.9 113.9 110.4 97.7 95.0 87.8 85.0 77.9 79.7 79.7 79.7 79.7 79.7 79.7 76.6 76.2 76.2 76.2
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
Current Assets
Cash & Cash Equivalents 28 13 443 28 560 26.9 168.6 35.2 20.0 25.9 146.8 13.1 9.1 18.2 11.6 4.3 33.1 39.4 41.5 42.4 11.7 19.1 7.4 9.7 40.3 3.6 20.0 12.8 10.1 22.7 16.8 32.9 18.2 24.2 4.4 1.6 28.6 9.2 7.8 6.1 4.7
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
Net Receivables 400 350 386 394 189 182.4 144.9 166.7 165.1 112.8 111.2 85.1 119.4 88.6 104.5 133.0 102.7 70.7 69.2 45.7 47.3 34.2 47.0 33.0 38.0 68.7 57.3 55.9 45.5 42.3 45.8 39.2 35.4 30.9 20.8 14.3 16.2 13.5 9.9 8.0 6.5
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 0 0 0 0 0 0
Other Current Assets 41 50 58 21 43 28.8 6.7 3.5 4.7 4.8 4.1 7.6 4.8 11.8 8.2 2.5 0.9 1.0 0.7 0.7 0.5 0.7 0.4 0.5 1.1 0.4 0.3 0.2 0.3 0.3 0.1 0.3 0.4 0.4 0.1 0.2 0.2 0.7 0.6 0.6 0.7
Total Current Assets 469 413 887 443 792 238.0 320.2 205.4 189.8 143.5 262.1 105.8 133.3 118.6 124.3 139.9 136.7 111.1 111.3 88.8 59.5 54.0 54.8 43.2 79.3 72.7 77.5 68.9 55.9 65.2 62.8 72.4 53.9 55.4 25.4 16.1 44.9 23.4 18.3 14.7 11.8
Non-Current Assets
Property, Plant & Equipment 11,422 12,209 12,783 9,294 4,955 4,637.6 3,760.8 3,611.6 3,741.7 3,768.3 2,776.9 2,810.9 2,837.1 2,750.3 2,810.7 2,829.5 2,860.7 2,920.1 2,337.6 2,357.0 2,380.2 2,405.1 2,537.9 2,565.5 2,587.7 2,547.7 1,742.5 1,566.7 1,539.9 1,474.1 1,387.3 1,146.3 1,057.3 914.4 887.9 720.1 612.6 611.9 552.2 432.5 451.3
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
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 0
Long-Term Investments 0 0 0 15 235 0 45.8 2.1 1.0 0.1 50 0 0 0.4 0.8 1.4 1.7 0 30.0 0 0 0 0 0 0.1 0 7.5 13.2 0 0 20.2 20.4 0 6.3 0 0 0 0 0 0 0
Other Non-Current Assets 15 16 18 (6) 7 8.2 4.7 5.0 5.2 5.5 5.6 1.2 0.2 1.4 0.3 1.1 1.9 2.8 3.6 4.4 2.0 2.3 8.1 15.6 12.4 22.8 21.5 21.3 21.3 17.8 3.1 5.1 18.8 36.9 34.9 35.1 35.1 35.3 34.9 35.3 35.4
Total Non-Current Assets 11,579 12,258 12,801 9,345 5,446 4,831.0 3,885.8 3,695.0 3,822.7 3,830.6 2,881.2 2,861.2 2,886.5 2,801.8 2,861.5 2,832.1 2,864.4 2,922.9 2,371.1 2,361.4 2,382.3 2,407.4 2,545.9 2,581.1 2,600.1 2,713.0 1,929.4 1,751.6 1,711.6 1,588.8 1,506.2 1,244.0 1,076.2 957.6 922.8 755.2 647.7 647.1 587.1 467.9 486.7
Total Assets 12,048 12,671 13,688 9,788 6,238 5,069.0 4,206.0 3,900.4 4,012.6 3,974.1 3,143.4 2,967.0 3,019.7 2,920.4 2,985.8 2,972.0 3,001.1 3,034.0 2,482.5 2,450.2 2,441.8 2,461.4 2,600.7 2,624.3 2,679.5 2,785.6 2,006.9 1,820.4 1,767.4 1,654.1 1,569.0 1,316.4 1,130.0 1,013.0 948.2 771.3 692.6 670.5 605.4 482.6 498.5
Current Liabilities
Account Payables 0 0 0 0 0 0.1 0.0 0.0 0.0 0.0 0.2 0.0 0.4 1.1 0.0 0.0 0.0 0.1 0.2 0.0 0.0 0.0 0.1 0.0 0.3 0 0 0 0.0 0 0.0 0.0 0.6 3.0 0.1 0.0 0.0 1.8 0.0 0.0 0
Short-Term Debt 0 0 380 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 76 111 91 32 5 2.3 0.9 4.8 8.5 3.0 9.3 8.3 2.1 0 0.9 9.1 13.2 3.4 35.4 51.8 43.2 26.6 23.3 34.0 7.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 76 111 472 72 91 48.7 44.2 29.1 54.9 33.3 47.5 28.1 29.8 21.9 25.1 26.8 37.1 24.5 61.6 69.0 62.9 44.9 44.2 46.4 24.3 13.4 5.4 3.9 2.8 6.0 4.7 3.1 2.5 5.6 2.9 1.7 0.9 2.2 1.8 1.4 0.9
Non-Current Liabilities
Long-Term Debt 1,603 2,186 2,241 1,098 822 1,083.0 821.5 998.0 1,093.5 1,083.1 675.7 649.4 695.2 576.9 669.6 674.4 721.0 776.7 564.5 534.2 528.9 555.6 597.9 630.5 664.0 586.8 409.5 212.5 157 411 296.5 350 240.5 93.5 35.5 81.5 0 120.5 54.5 51.5 43
Deferred Tax Liabilities 0 0 18 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 4 11 16 7 2 30.1 4.8 0 0 0.2 1.6 3.4 2.4 0.0 0.1 0 0 0 0.7 0 0 0 5.5 5.9 1.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 1,607 2,197 2,275 1,105 824 1,113.1 826.3 998.0 1,093.5 1,083.3 677.3 652.8 697.5 576.9 669.8 674.4 721.0 776.7 565.1 534.2 528.9 555.6 603.4 636.4 665.0 586.8 409.5 212.5 157 411 296.5 350 240.5 93.5 35.5 81.5 0 120.5 54.5 51.5 43
Total Liabilities 1,683 2,308 2,747 1,177 915 1,161.8 870.5 1,027.1 1,148.4 1,116.5 724.8 680.9 727.3 598.8 694.8 701.2 758.1 801.2 626.7 603.1 591.8 600.5 647.6 682.8 689.3 600.2 414.9 216.4 159.8 417.0 301.2 353.1 243.0 99.1 38.4 83.2 0.9 122.7 56.3 52.9 43.9
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 713.5 666.3 667.1 690.0 723.3 734.9 769.7 814.1 581.9 595.8 612.2 634.4 726.7 729.2 757.5 930.2 775.8 796.9 818.0 541.1 571.2 387.8 887.1 913.9 909.9 688.1 691.7 547.9 549.1 0 0
Retained Earnings (281) (278) (76) 70 108 118.4 (28.7) (18.9) (21.8) (16.8) 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 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 5,114 4,448 4,620 3,420 2,674 1,687.0 1,401.0 1,089.8 1,079.5 1,014.3 713.5 666.3 667.1 690.0 723.3 734.9 769.7 814.1 581.9 595.8 612.2 634.4 726.7 729.2 757.5 930.2 775.8 796.9 818.0 541.1 571.2 387.8 887.1 913.9 909.9 688.1 691.7 547.9 549.1 429.7 454.6
Total Liabilities & Equity 12,048 12,671 13,688 9,788 6,238 5,069.0 4,206.0 3,900.4 4,012.6 3,974.1 3,143.4 2,967.0 3,019.7 2,920.4 2,985.8 2,972.0 3,001.1 3,034.0 2,482.5 2,450.2 2,441.8 2,461.4 2,600.7 2,624.3 2,679.5 2,785.6 2,006.9 1,820.4 1,767.4 1,654.1 1,569.0 1,316.4 1,130.0 1,013.0 948.2 771.3 692.6 670.5 605.4 482.6 498.5
Debt Metrics
Total Debt 1,603 2,186 2,621 1,098 822 1,083.0 821.5 998.0 1,093.5 1,083.1 675.7 649.4 695.2 576.9 669.6 674.4 721.0 776.7 564.5 534.2 528.9 555.6 597.9 630.5 664.0 586.8 409.5 212.5 157 411 296.5 350 240.5 93.5 35.5 81.5 0 120.5 54.5 51.5 43
Net Debt 1,575 2,173 2,178 1,070 262 1,056.1 652.9 962.8 1,073.5 1,057.2 528.9 636.3 686.0 558.7 658.0 670.1 687.9 737.3 522.9 491.8 517.2 536.5 590.5 620.8 623.8 583.2 389.5 199.7 146.9 388.3 279.7 317.1 222.3 69.3 31.1 79.9 (28.6) 111.3 46.7 45.4 38.3
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 97 (103) (77) 84 153 210.1 109.0 123 99 125.9 207.2 79.9 88.3 145.2 210.1 171.6 128.0 117.0 73.4 42.4 23.9 (52.7) 16.2 (33.1) (123.8) 48.5 51.1 47.3 74.3 40.7 50.8 128.5 42.9 42.1 26.6 22.1 20.7 16.3 10.2 (14.0) (23.3)
Depreciation & Amortization 206 234 182 124 0 64.6 54.5 48 47 44.8 36.3 34.1 0 31.2 30.5 32.0 27.4 28.8 25.4 24.0 24.9 28.3 24.8 22.8 24.6 26.8 18.4 16.5 0.2 0.7 16.7 13.3 0.2 0.6 11.1 9.7 0.1 0.4 6.8 6.6 0.1
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.3 0.3 0.4 0.5 0.4 0.5 0.4 0.6 0.4 0.5 1.3 0.4 0.5 0.7 0.8 0.8 1.0 1.0 1.0
Change in Working Capital (84) 57 (59) (66) 4 (25.6) 43.5 (23) (36) (10.2) (4.1) 22.2 (26.0) 14.6 33.0 (37.0) (29.1) (7.1) (14.5) (1.0) (11.5) 9.9 (5.4) 0.3 34.3 (3.3) (0.1) (9.3) (6.4) 4.7 (4.8) (2.8) (5.8) (9.4) (5.7) 2.7 (3.4) (3.5) (1.5) (1.0) 4.0
Other Non-Cash Items 122 252 271 35 45 57.4 (5.8) (3) 6 (6.8) 0.0 9.2 44.5 (4.6) (9.7) (3.4) 9.5 (31.3) (14.4) 9.7 17.5 67.8 (8.5) 29.5 18.2 (0.6) 0.2 0.2 12.6 22.7 0.2 (63.1) 0.2 0.2 11.2 9.8 0.1 0.1 6.8 28.1 0.1
Operating Cash Flow 328 399 281 172 201 157.9 203.0 144 115 145.8 239.7 145.4 107.2 186.6 214.2 163.2 135.8 107.4 70.0 75.0 54.7 53.4 27.3 19.8 96.1 72.5 62.5 55.3 46.5 68.1 64.2 63 49.2 45.2 32.6 35.4 26.1 22.1 16.6 14.1 15.9
Investing Activities
Capital Expenditure (30) (2,424) (2,357) (774) (486) (425.2) (241.9) (8) (21) (731.6) (52.3) (7.9) (116.6) (24.6) (38.3) 0 0 (274.4) (5.9) (0.7) (0.1) (1.2) 0.8 (0.6) (64.6) (210.9) (194.5) (43.3) (81.9) (109.0) (252.8) (103.1) (150.0) (42.9) (178.5) (114.1) (8.6) (67.9) (126.5) (9.2) (2.1)
Acquisitions 611 0 0 0 0 271.0 (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 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
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 5.5 0 0 0 0 0 0 0 0 (0.0) 0 0.1 0 0 0 0 0 0 0 0
Other Investing Activities 0 2,357 1,260 0 0 0 (271.1) 89 1 0 0 0 0 52.6 26.7 (0.8) 32.0 0 0 0 0 36.5 7.4 0 0 7.5 5.7 (13.2) (81.9) 4.7 (4.7) 0.4 0.1 (344.1) 0 0 (8.6) (205.7) 0 0 (2.1)
Investing Cash Flow 581 (67) (1,097) (774) (486) (425.2) (244.8) 81 (20) (731.6) (52.3) (7.9) (116.6) 28.0 (11.6) (0.8) 32.0 (274.4) (5.9) (0.7) (0.1) 40.9 8.1 (0.6) (64.6) (203.4) (188.8) (56.5) (81.9) (104.3) (257.5) (102.6) (149.9) (42.9) (178.5) (114.1) (8.6) (67.9) (126.5) (9.2) (2.1)
Financing Activities
Net Debt Issuance (585) (435) 1,508 275 (261) 261 (177) (96) 10 413 26 (46) 118 (93) (5) (47.0) (56) 212 30 5 (27) (42.5) (32.9) (33.8) 77 187 197 55.5 (254) 114.5 300.5 109.5 147 58 (46) 81.5 (120.5) 66 3 8.5 8.5
Stock Repurchased (96) (94) (90) (10) 0 0 0 0 0 (28.0) (9.7) (24.5) (33.0) (31.7) (50.7) (28.9) (39.3) (12.4) (13.7) (6.8) (13.0) (23.6) 0 0 0 0 0 0 (0.4) (1) 0 0 0 743.9 0 0 0 0 0 0 0
Dividends Paid (100) (99) (69) (75) (85) (317.1) (58.6) (114) (111) (112.6) (65.5) (61.9) (84.7) (83.3) (139.6) (115.2) (78.9) (64.6) (51.2) (38.9) (21.9) (15.9) (4.8) (15.9) (71.4) (62.2) (63.5) (51.4) (63.3) (72.0) (74.4) (54.7) (52.4) (38.4) (37.8) (29.5) (25.2) (18.2) (16.6) (11.9) (18.2)
Other Financing Activities (113) (134) (118) (120) (68) 181.6 (64.9) 0 0 (7.4) (4.6) (1.2) (0.0) (0.0) (0.0) (0.1) (0.0) (0.0) (0.0) (2.9) 13.0 (0.4) (0.1) (0.0) (0.4) (10.3) (0.1) (0.2) (37.2) (0.4) (354.6) (0.5) (0.0) (2.1) (0.2) (0.2) (0.2) (0.5) (0.5) (0.0) (0.0)
Financing Cash Flow (894) (762) 1,231 70 818 125.5 175.3 (210) (101) 464.9 (53.7) (133.6) 0.3 (208.0) (195.3) (191.2) (174.2) 134.9 (35.0) (43.6) (62.0) (82.5) (37.8) (49.7) 5.2 114.6 133.4 3.9 22.9 42.1 177.2 54.4 94.6 17.5 148.7 51.8 1.9 47.3 111.5 (3.4) (9.7)
Cash Position
Net Change in Cash 15 (430) 415 (532) 533 (141.8) 133.4 15 (6) (120.9) 133.7 4.0 (9.1) 6.6 7.3 (28.8) (6.4) (32.1) 29.1 30.7 (7.4) 11.7 (2.3) (30.6) 36.7 (16.4) 7.1 2.7 (12.5) 5.8 (16.1) 14.7 (6.0) 19.8 2.8 (26.9) 19.4 1.5 1.6 1.5 4.1
Cash at Beginning 13 443 28 560 27 168.6 35.2 20 26 146.8 13.1 9.1 18.2 11.6 4.3 33.1 39.4 71.5 42.4 11.7 19.1 7.4 9.7 40.3 3.6 20.0 12.8 10.1 22.7 16.8 32.9 18.2 24.2 4.4 1.6 28.6 9.2 7.8 6.1 4.7 0.5
Cash at End 28 13 443 28 560 26.9 168.6 35 20 25.9 146.8 13.1 9.1 18.2 11.6 4.3 33.1 39.4 71.5 42.4 11.7 19.1 7.4 9.7 40.3 3.6 20.0 12.8 10.1 22.7 16.8 32.9 18.2 24.2 4.4 1.6 28.6 9.2 7.8 6.1 4.7
Free Cash Flow 298 (2,025) (2,076) (602) (285) (267.3) (38.9) 136 94 (585.8) 187.4 137.6 (9.3) 162.0 175.9 163.2 135.8 (167.0) 64.1 74.3 54.6 52.2 28.1 19.1 31.5 (138.4) (132.0) 12.0 (35.5) (40.9) (188.6) (40.1) (100.8) 2.2 (145.8) (78.7) 17.5 (45.9) (109.9) 4.9 13.8
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
Income Statement
Revenue 496 422 393 287 245 228.5 209.4 216 205 204.6 293.0 160.6 168.6 203.4 221.4 239.2 201.8 165.6 127.9 113.9 96.8 76.0 62.6 32.5 78.5 92.4 71.8 72.2 61.6 73.7 78.6 75.3 62.4 59.2 42.5 36.6 33.7 27.9 20.0 17.0 14.2 19.9 18.8 19.6 16.5 21.9 22.8 17.2 15.9 15.0
Gross Profit 255 159 184 142 161 147.8 139.8 152 144 147.2 244.5 113.9 124.7 161.4 175.3 191.2 160.5 127.8 93.9 81.8 65.3 42.2 32.8 6.6 47.7 59.3 48.4 51.3 41.7 51.2 57.0 57.2 46.6 44.4 28.6 24.2 23.7 18.2 11.8 9.0 4.7 10.0 8.4 9.3 6.3 12.3 13.3 9.8 9.4 8.8
Operating Income 238 141 174 135 155 143.3 135.6 148 139 143.0 242.8 112.1 122.3 159.0 173.4 189.4 158.7 126.2 92.3 79.9 63.2 (28.7) 31.3 5.1 45.2 57.4 46.6 49.6 40.0 49.5 54.8 54.9 43.7 42.8 27.1 22.5 21.4 16.9 10.6 (13.7) (23.1) 5.1 6.5 7.9 4.8 10.5 11.2 9.5 9.2 8.7
Net Income 97 (103) (77) 37 75 210.1 48.9 57 43 57.0 78.6 30.6 34.0 21.7 79.3 34.0 16.6 39.5 16.8 4.7 (3.0) (27.6) (0.8) (21.8) (142.2) 2.3 7.9 2.2 33.8 (0.7) 2.3 99.4 42.9 42.1 26.6 22.1 20.7 16.3 10.2 (14.0) (23.3) 4.9 6.4 8.0 5.1 10.8 10.9 3.2 3.9 3.0
EPS (Diluted) 0.53 -0.61 -0.52 0.28 0.62 2.04 0.52 0.62 0.49 0.70 1.11 0.42 0.47 0.29 1.06 0.44 0.22 0.50 0.26 0.07 -0.05 -0.41 -0.01 -0.32 -2.10 0.03 0.13 0.04 0.61 -0.01 0.05 1.35 0.38 0.37 0.24 0.23 0.22 0.19 0.12 -0.18 -0.29 0.06 0.08 0.10 0.06 0.14 0.14 0.01 0.05 0.04
Balance Sheet
Cash & Equivalents 28 13 443 28 560 26.9 168.6 35.2 20.0 25.9 146.8 13.1 9.1 18.2 11.6 4.3 33.1 39.4 41.5 42.4 11.7 19.1 7.4 9.7 40.3 3.6 20.0 12.8 10.1 22.7 16.8 32.9 18.2 24.2 4.4 1.6 28.6 9.2 7.8 6.1 4.7
Total Assets 12,048 12,671 13,688 9,788 6,238 5,069.0 4,206.0 3,900.4 4,012.6 3,974.1 3,143.4 2,967.0 3,019.7 2,920.4 2,985.8 2,972.0 3,001.1 3,034.0 2,482.5 2,450.2 2,441.8 2,461.4 2,600.7 2,624.3 2,679.5 2,785.6 2,006.9 1,820.4 1,767.4 1,654.1 1,569.0 1,316.4 1,130.0 1,013.0 948.2 771.3 692.6 670.5 605.4 482.6 498.5
Total Debt 1,603 2,186 2,621 1,098 822 1,083.0 821.5 998.0 1,093.5 1,083.1 675.7 649.4 695.2 576.9 669.6 674.4 721.0 776.7 564.5 534.2 528.9 555.6 597.9 630.5 664.0 586.8 409.5 212.5 157 411 296.5 350 240.5 93.5 35.5 81.5 0 120.5 54.5 51.5 43
Stockholders' Equity 5,114 4,448 4,620 3,420 2,674 1,687.0 1,401.0 1,089.8 1,079.5 1,014.3 713.5 666.3 667.1 690.0 723.3 734.9 769.7 814.1 581.9 595.8 612.2 634.4 726.7 729.2 757.5 930.2 775.8 796.9 818.0 541.1 571.2 387.8 887.1 913.9 909.9 688.1 691.7 547.9 549.1 429.7 454.6
Cash Flow
Operating Cash Flow 328 399 281 172 201 157.9 203.0 144 115 145.8 239.7 145.4 107.2 186.6 214.2 163.2 135.8 107.4 70.0 75.0 54.7 53.4 27.3 19.8 96.1 72.5 62.5 55.3 46.5 68.1 64.2 63 49.2 45.2 32.6 35.4 26.1 22.1 16.6 14.1 15.9
Capital Expenditure (30) (2,424) (2,357) (774) (486) (425.2) (241.9) (8) (21) (731.6) (52.3) (7.9) (116.6) (24.6) (38.3) 0 0 (274.4) (5.9) (0.7) (0.1) (1.2) 0.8 (0.6) (64.6) (210.9) (194.5) (43.3) (81.9) (109.0) (252.8) (103.1) (150.0) (42.9) (178.5) (114.1) (8.6) (67.9) (126.5) (9.2) (2.1)
Free Cash Flow 298 (2,025) (2,076) (602) (285) (267.3) (38.9) 136 94 (585.8) 187.4 137.6 (9.3) 162.0 175.9 163.2 135.8 (167.0) 64.1 74.3 54.6 52.2 28.1 19.1 31.5 (138.4) (132.0) 12.0 (35.5) (40.9) (188.6) (40.1) (100.8) 2.2 (145.8) (78.7) 17.5 (45.9) (109.9) 4.9 13.8