VRT - Vertiv Holdings Co
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$368.75
DETAILS
HIGH:
$500.00
LOW:
$320.00
MEDIAN:
$364.00
CONSENSUS:
$368.75
UPSIDE:
43.44%
| Metric | 2026 Q2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||
| Revenue | 3,274.3 | 2,649.5 | 2,880 | 2,675.8 | 2,638.1 | 2,036 | 2,346.4 | 2,073.5 | 1,952.8 | 1,639.1 | 1,865.4 | 1,742.6 | 1,734.1 | 1,521.1 | 1,654.6 | 1,481.1 | 1,399.4 | 1,156.4 | 1,410.5 | 1,228.9 | 1,260.3 | 1,098.4 | 1,305.5 | 1,162 | 1,005.7 | 897.3 | 1,171.5 | 1,070.7 | 1,134.1 | 1,054.8 | 1,171.6 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 2,039.4 | 1,649.8 | 1,817.9 | 1,665.1 | 1,789.6 | 1,400.2 | 1,521.3 | 1,361 | 1,257.4 | 1,122.5 | 1,227.2 | 1,160.5 | 1,185.5 | 1,070.8 | 1,191 | 1,106 | 1,083.7 | 910.5 | 1,085.8 | 878.8 | 882.9 | 772.2 | 909.9 | 781.5 | 691.5 | 642.7 | 816.8 | 750.8 | 799.3 | 740.4 | 801.8 | 0 | 0 | 0 | 0 |
| Gross Profit | 1,234.9 | 999.7 | 1,062.1 | 1,010.7 | 848.5 | 635.8 | 825.1 | 712.5 | 695.4 | 516.6 | 638.2 | 582.1 | 548.6 | 450.3 | 463.6 | 375.1 | 315.7 | 245.9 | 324.7 | 350.1 | 377.4 | 326.2 | 395.6 | 380.5 | 314.2 | 254.6 | 354.7 | 319.9 | 334.8 | 314.4 | 369.8 | 0 | 0 | 0 | 0 |
| Operating Expenses | |||||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 209.7 | 111.1 | 98.6 | 352.1 | 0 | 0 | 0 | 303.5 | 0 | 0 | 0 | 282 | 0 | 0 | 0 | 266.4 | 0 | 0 | 0 | 228.6 | 0 | 0 | 0 | 229.4 | 0 | 0 | 0 | 165.3 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 494.4 | 456.7 | 461.6 | 414.3 | 284.5 | 247.7 | 361.6 | 334.6 | 363.8 | 314 | 348.8 | 327.2 | 327.6 | 308.7 | 303.3 | 295.2 | 287.6 | 292.2 | 329.4 | 257.8 | 271.7 | 250.1 | 265.5 | 251.7 | 226.3 | 264.8 | 291.8 | 259.3 | 263.3 | 286.4 | 0.7 | 0.3 | 0.1 | 0.0 | 0.0 |
| Other Expenses | 100.5 | 102.9 | 0 | (130) | 0 | 0 | (352.1) | 0 | 0 | 0 | (303.5) | 0 | 0 | 0 | (282) | 0 | 0 | 0 | (266.4) | 0 | 0 | 0 | (228.6) | 0 | 0 | 0 | (229.4) | 0 | 0 | 0 | (165.3) | 0 | 0 | 0 | 0 |
| Operating Expenses | 594.9 | 559.6 | 461.6 | 494 | 395.6 | 346.3 | 361.6 | 334.6 | 363.8 | 314 | 348.8 | 327.2 | 327.6 | 308.7 | 303.3 | 295.2 | 287.6 | 292.2 | 329.4 | 257.8 | 271.7 | 250.1 | 265.5 | 251.7 | 226.3 | 264.8 | 291.8 | 259.3 | 263.3 | 286.4 | 0.7 | 0.3 | 0.1 | 0.0 | 0.0 |
| Operating Income | |||||||||||||||||||||||||||||||||||
| Operating Income | 637.9 | 440.1 | 600.5 | 516.7 | 452.9 | 289.5 | 463.5 | 377.9 | 331.6 | 202.6 | 289.4 | 254.9 | 221 | 141.6 | 160.3 | 79.9 | 28.1 | (46.3) | (4.7) | 92.3 | 105.7 | 76.1 | 130.1 | 128.8 | 87.9 | (10.2) | 62.9 | 60.6 | 71.5 | 28 | (0.7) | (0.3) | (0.1) | (0.0) | (0.0) |
| Interest Expense | 17.4 | 0 | 16.7 | 22.8 | 21.3 | 25.3 | 30.7 | 35.9 | 44.8 | 39 | 83.4 | 43.5 | 46.9 | 46.8 | 45.8 | 38.8 | 33.4 | 29.3 | 24.1 | 22.4 | 20 | 24.1 | 25 | 26.4 | 30.1 | 68.9 | 76.2 | 77.7 | 78.7 | 77.8 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 4.4 | 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 |
| Profitability | |||||||||||||||||||||||||||||||||||
| EBITDA | 711.1 | 554 | 668.2 | 590.4 | 515.7 | 362.3 | 346.9 | 373.3 | 377.9 | 94.7 | 339.6 | 257.5 | 227.1 | 201.1 | 199.8 | 145.9 | 142.1 | 128.9 | 115.6 | 165.7 | 84.5 | 118 | 138.1 | (2.4) | 38.4 | (75.1) | 98.9 | 111.7 | 126.8 | 71.6 | 3.0 | 2.9 | 0.5 | (0.0) | (0.0) |
| EBIT | 637.4 | 446.3 | 579.9 | 515 | 442.4 | 290.7 | 275.9 | 304.4 | 309.5 | 26 | 270.7 | 189.3 | 159.8 | 134.5 | 129.3 | 70.2 | 65.1 | 49.7 | 45.7 | 114.3 | 31 | 65.8 | 85.7 | (52.6) | (11.6) | (125.6) | 47.9 | 60.4 | 75.8 | 22 | 3.0 | 2.9 | 0.5 | (0.0) | (0.0) |
| Income Before Tax | 620 | 438.3 | 563.2 | 492.2 | 421.1 | 265.4 | 245.2 | 268.5 | 264.7 | (13) | 187.3 | 145.8 | 112.9 | 87.7 | 83.5 | 31.4 | 31.7 | 20.4 | 21.6 | 91.9 | 11 | 41.7 | 60.7 | (79) | (41.7) | (194.5) | (28.3) | (17.3) | (2.9) | (55.8) | 3.0 | 2.9 | 0.5 | (0.0) | (0.0) |
| Income Tax Expense | 122.2 | 48.2 | 117.6 | 93.7 | 96.9 | 100.9 | 98.2 | 91.9 | 86.6 | (7.1) | (45.3) | 51.7 | 29.7 | 37.4 | 56.9 | 10.2 | 11.4 | 11.9 | (0.4) | 35.7 | 1.3 | 10 | 20.2 | 24.5 | 14.3 | 13.8 | 5.6 | (3.6) | 16 | 18.5 | 0.6 | 0.6 | 0.1 | (0.0) | 0 |
| Net Income | 497.8 | 390.1 | 445.6 | 398.5 | 324.2 | 164.5 | 147 | 176.6 | 178.1 | (5.9) | 232.6 | 94.1 | 83.2 | 50.3 | 26.6 | 21.2 | 20.3 | 8.5 | 22 | 56.2 | 9.7 | 31.7 | 40.5 | (103.5) | (56) | (208.3) | (33.9) | (13.7) | (18.9) | (74.3) | 2.3 | 2.3 | 0.4 | (0.0) | (0.0) |
| Per Share Data | |||||||||||||||||||||||||||||||||||
| EPS (Basic) | 1.29 | 1.02 | 1.17 | 1.04 | 0.85 | 0.43 | 0.39 | 0.47 | 0.48 | -0.02 | 0.61 | 0.25 | 0.22 | 0.12 | 0.07 | 0.06 | 0.05 | -0.22 | 0.06 | 0.16 | 0.03 | 0.09 | 0.12 | -0.32 | -0.17 | -0.87 | -0.29 | -0.12 | -0.16 | -0.63 | 0.03 | 0.03 | 0.00 | – | – |
| EPS (Diluted) | 1.27 | 0.99 | 1.14 | 1.02 | 0.83 | 0.42 | 0.38 | 0.46 | 0.46 | -0.02 | 0.60 | 0.24 | 0.22 | 0.12 | 0.07 | 0.06 | 0.05 | -0.23 | 0.06 | 0.15 | 0.03 | 0.09 | 0.12 | -0.32 | -0.17 | -0.87 | -0.29 | -0.12 | -0.16 | -0.63 | 0.03 | 0.03 | 0.00 | – | – |
| Shares Outstanding | 384.6 | 382.9 | 382.5 | 381.5 | 381.5 | 380.8 | 376.6 | 375.2 | 374.7 | 379.1 | 381.6 | 380.9 | 379.9 | 378.1 | 377.3 | 377.0 | 376.6 | 376.0 | 367.7 | 352.5 | 352.2 | 349.6 | 330.3 | 328.4 | 328.4 | 240.7 | 118.3 | 118.3 | 118.3 | 118.3 | 86.2 | 86.2 | 86.2 | 86.2 | 86.2 |
| Metric | 2026 Q2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 2,810.6 | 2,150.6 | 1,728.4 | 1,444.2 | 1,656 | 1,476.1 | 1,232.2 | 917.4 | 587.7 | 280.5 | 788.6 | 505 | 280.2 | 280.8 | 273.2 | 268.7 | 205.3 | 296.5 | 447.1 | 751.6 | 716.8 | 685.2 | 542.6 | 332.3 | 379.9 | 303.4 | 233.7 | 0.2 | 0.2 | 0.6 | 0.8 | 1.0 | 1.8 | 0 | 0 |
| Short-Term Investments | 300 | 349.9 | 99.5 | 544.6 | 98.2 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 3,750.3 | 3,148.7 | 3,109 | 2,810.7 | 2,831 | 2,310.5 | 2,362.7 | 2,328.5 | 2,218.8 | 2,097.1 | 2,185.2 | 2,020.7 | 2,022.6 | 1,991.9 | 1,888.8 | 1,743.8 | 1,676.2 | 1,534.3 | 1,536.4 | 1,386.1 | 1,374 | 1,294.5 | 1,354.4 | 1,288.7 | 1,185 | 1,144 | 1,212.2 | 1,208 | 0 | 0 | 1,251.8 | 0 | 0 | 0.0 | 0.0 |
| Inventory | 2,522.7 | 1,834.6 | 1,456.5 | 1,437.1 | 1,413.3 | 1,383.5 | 1,244.4 | 1,255.2 | 1,103.7 | 987.1 | 884.3 | 921.7 | 920.2 | 903.5 | 822 | 804.3 | 794.6 | 774.5 | 616.3 | 577.4 | 551.4 | 511.1 | 446.6 | 465.5 | 467.9 | 445.5 | 401 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 601.3 | 500.8 | 426.1 | 312.6 | 303.5 | 291.6 | 262.5 | 303.5 | 250.6 | 267.1 | 151.6 | 178.6 | 160.6 | 169.1 | 187.3 | 167.7 | 148.4 | 126.7 | 106.8 | 154.4 | 215.2 | 183.4 | 183.2 | 172.6 | 180.6 | 183 | 180.7 | (1,208) | 0 | 0 | (1,251.8) | 0 | 0 | 0.2 | (388) |
| Total Current Assets | 9,984.9 | 7,984.6 | 6,819.5 | 6,549.2 | 6,302 | 5,461.7 | 5,101.8 | 4,804.6 | 4,191.4 | 3,631.8 | 4,001.5 | 3,621 | 3,378.3 | 3,340.6 | 3,158.7 | 2,973.8 | 2,813.6 | 2,724 | 2,698.6 | 2,861.5 | 2,849.4 | 2,666.2 | 2,518.8 | 2,251.1 | 2,203.2 | 2,065.7 | 2,017.4 | 0.5 | 0.5 | 1.0 | 1.2 | 1.4 | 1.8 | 0.2 | 0.0 |
| Non-Current Assets | |||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 1,571.4 | 997.5 | 1,224.9 | 981.7 | 911.3 | 841.1 | 827.2 | 779.8 | 751.1 | 750.4 | 733.6 | 665.7 | 663.4 | 662 | 655.8 | 466 | 473.8 | 485.3 | 489.3 | 388.4 | 409.2 | 413 | 427.6 | 406.9 | 407.1 | 412.7 | 428.2 | 523.3 | 0 | 0 | 441.7 | 0 | 0 | 0 | 462.8 |
| Goodwill | 2,283.3 | 2,023.7 | 2,033.7 | 1,444.2 | 1,374.1 | 1,339.8 | 1,321.1 | 1,348.9 | 1,321.9 | 1,322.8 | 1,330.3 | 1,284.3 | 1,299.4 | 1,295.4 | 1,284.7 | 1,247.3 | 1,283.9 | 1,317.7 | 1,330.1 | 588.6 | 603.1 | 599.8 | 607.2 | 611.7 | 600 | 596.3 | 605.8 | 618 | 0 | 0 | 634 | 0 | 0 | 0 | 596.1 |
| Intangible Assets | 1,800.8 | 1,806 | 1,894.8 | 1,507.8 | 1,454.1 | 1,462.7 | 1,487.1 | 1,572.9 | 1,577.6 | 1,615.9 | 1,672.9 | 1,674.1 | 1,746.8 | 1,787.3 | 1,816.1 | 1,801.6 | 1,926 | 2,055.2 | 2,138.2 | 1,191.3 | 1,235.1 | 1,262.7 | 1,302.5 | 1,311.7 | 1,341.1 | 1,385.3 | 1,441.6 | 1,457.6 | 0 | 0 | 1,564.2 | 0 | 0 | 0 | 1,663.2 |
| Long-Term Investments | 0 | 0 | 0 | 9.8 | 14.7 | 22.6 | 33.3 | 27.3 | 46.6 | 50.4 | 44.5 | 69.3 | 65.4 | 60.1 | 73.3 | 85.1 | 66.6 | 58.5 | 16.1 | 5.4 | 2.7 | 11.1 | 0 | 0 | 0 | 0 | 0 | 705.0 | 702.2 | 699.9 | 696.2 | 693.8 | 690.6 | 0 | 0 |
| Other Non-Current Assets | 90.4 | 410.5 | 60 | 65.1 | 58.5 | 54 | 58.7 | 61 | 58.8 | 60.8 | 55.9 | 53.2 | 55.1 | 57.4 | 60.7 | 209.9 | 214.2 | 218.6 | 219.4 | 211.1 | 216 | 190.5 | 196.8 | 176.4 | 170.3 | 162 | 155.4 | (2,598.9) | 0 | 0 | 696.2 | 0 | 0 | 0 | 98.3 |
| Total Non-Current Assets | 5,916 | 5,415.5 | 5,393 | 4,267.1 | 4,104.2 | 3,989.4 | 4,030.7 | 4,086.8 | 3,916.9 | 3,959.6 | 3,997 | 3,793.3 | 3,878.3 | 3,914.8 | 3,937 | 3,853.2 | 4,013.5 | 4,187 | 4,241 | 2,400.2 | 2,482.6 | 2,495.2 | 2,555 | 2,520.6 | 2,526.7 | 2,564.2 | 2,640 | 705.0 | 702.2 | 699.9 | 696.2 | 693.8 | 690.6 | 0 | 2,820.4 |
| Total Assets | 15,900.9 | 13,400.1 | 12,212.4 | 10,816.3 | 10,406.2 | 9,451.1 | 9,132.5 | 8,891.4 | 8,108.3 | 7,591.4 | 7,998.5 | 7,414.3 | 7,256.6 | 7,255.4 | 7,095.7 | 6,827 | 6,827.1 | 6,911 | 6,939.6 | 5,261.7 | 5,332 | 5,161.4 | 5,073.8 | 4,771.7 | 4,729.9 | 4,629.9 | 4,657.4 | 705.6 | 702.7 | 700.9 | 697.3 | 695.2 | 692.4 | 0.2 | 0.0 |
| Current Liabilities | |||||||||||||||||||||||||||||||||||
| Account Payables | 2,473.1 | 1,951.7 | 1,756.4 | 1,718.9 | 1,605.1 | 1,407.1 | 1,316.4 | 1,239.7 | 1,098.2 | 983.7 | 986.4 | 931.9 | 941.9 | 917 | 984 | 882.9 | 867.2 | 887.5 | 858.5 | 768.8 | 766.4 | 737.8 | 730.5 | 655.8 | 613.4 | 591.7 | 6.6 | 1.2 | 0.5 | 0.8 | 1.2 | 0.2 | 0.1 | 0.0 | 0.0 |
| Short-Term Debt | 0 | 0 | 20.9 | 84.9 | 76.8 | 67.7 | 66.7 | 62.4 | 64.6 | 65.8 | 64.7 | 64.1 | 65.1 | 66.5 | 67 | 64.4 | 63.5 | 65.8 | 63.9 | 67.7 | 65.5 | 62.6 | 64.3 | 79.3 | 78.2 | 56.1 | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 3,633.7 | 2,461.8 | 1,814.7 | 1,131.9 | 1,257.3 | 1,095.1 | 1,063.3 | 1,016.2 | 888.8 | 735 | 638.9 | 543.3 | 520 | 502.9 | 358.7 | 326.9 | 330.6 | 354.2 | 291 | 296.2 | 281.6 | 273.8 | 235.7 | 238.1 | 190.2 | 188 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1,061.4 | 177.3 | 771.6 | 450.1 | 370.9 | 377.2 | 419.1 | 900.1 | 819.6 | 770.2 | 403.5 | 369.7 | 366 | 359.1 | 335.9 | 415.6 | 437.4 | 463.3 | 494.5 | 354.4 | 452.8 | 451.4 | 553.8 | 471.6 | 436.1 | 434 | 486.6 | 1.2 | 0.5 | 1.3 | 1.2 | 0.7 | 0.8 | 0.2 | 0.0 |
| Total Current Liabilities | 7,243 | 5,343.2 | 4,407 | 3,576.8 | 3,614.5 | 3,184 | 3,097 | 3,489.2 | 3,079.8 | 2,709.9 | 2,305.4 | 2,101.5 | 2,055.5 | 1,971.6 | 1,897.9 | 1,838.4 | 1,820.4 | 1,903.8 | 1,854.8 | 1,646.8 | 1,710.8 | 1,645.4 | 1,741.6 | 1,601.6 | 1,440.5 | 1,378.2 | 30.8 | 1.2 | 0.5 | 2.1 | 1.3 | 1.5 | 0.9 | 0.2 | 0.0 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt | 2,939.8 | 2,922.2 | 3,137.3 | 2,897.6 | 2,900.5 | 2,904.1 | 2,907.2 | 2,909.6 | 2,913.7 | 2,916.1 | 2,919.1 | 2,923.1 | 2,927.4 | 3,156 | 3,169.1 | 3,223.8 | 3,117.5 | 2,946.3 | 2,950.5 | 2,118.4 | 2,122.8 | 2,126.9 | 2,130.5 | 2,234.8 | 2,409 | 2,418.9 | 3,467.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,159.6 |
| Deferred Tax Liabilities | 234.1 | 221.2 | 232.8 | 285.1 | 252.6 | 238.4 | 240.3 | 240 | 158.9 | 154.6 | 159.5 | 177.8 | 184.7 | 188.5 | 176.5 | 152.1 | 179.6 | 194.7 | 198.8 | 86.6 | 89.9 | 104 | 116.5 | 116.8 | 111.2 | 112.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 410.0 | 398.2 | 248.8 | 210.5 | 203.7 | 189.9 | 191 | 202.9 | 197.4 | 196.8 | 395.2 | 316.2 | 251.7 | 210.3 | 228.8 | 193.9 | 198.1 | 249.3 | 344.3 | 463.9 | 498.1 | 413.5 | 427 | 314.8 | 293.9 | 268.2 | 131 | 24.1 | 24.1 | 24.1 | 24.1 | 24.1 | 24.1 | 0 | 0 |
| Total Non-Current Liabilities | 3,900.3 | 3,812 | 3,864.1 | 3,730.8 | 3,666.3 | 3,600.7 | 3,601.2 | 3,588.5 | 3,491 | 3,488.1 | 3,678.2 | 3,598.9 | 3,543 | 3,733 | 3,755.9 | 3,721.5 | 3,655.0 | 3,553.1 | 3,667.1 | 2,829.2 | 2,877.5 | 2,787.3 | 2,820.1 | 2,798.4 | 2,938.5 | 2,919.8 | 3,842.5 | 24.1 | 24.1 | 24.1 | 24.1 | 24.1 | 24.1 | 0 | 0 |
| Total Liabilities | 11,143.3 | 9,155.2 | 8,271.1 | 7,307.6 | 7,280.8 | 6,784.7 | 6,698.2 | 7,077.7 | 6,570.8 | 6,198 | 5,983.6 | 5,700.4 | 5,598.5 | 5,704.6 | 5,653.8 | 5,559.9 | 5,475.4 | 5,456.9 | 5,521.9 | 4,476 | 4,588.3 | 4,432.7 | 4,561.7 | 4,400 | 4,379 | 4,298 | 5,362.2 | 25.4 | 24.7 | 26.3 | 25.4 | 25.6 | 25.1 | 0.2 | 0.0 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 673.3 | 675.2 | 673.1 | 669.6 | 666.9 | 664.6 | 662.4 | 0.0 | 0.0 |
| Retained Earnings | 1,868 | 1,394.1 | 1,027.9 | 606.3 | 222 | (88) | (238.3) | (371.2) | (538.4) | (707.1) | (691.9) | (915) | (1,009.1) | (1,092.3) | (1,142.6) | (1,165.4) | (1,186.6) | (1,206.9) | (1,215.4) | (1,233.6) | (1,289.8) | (1,299.5) | (1,331.2) | (1,259.1) | (1,243.3) | (1,269.5) | 5.0 | 5.0 | 5.0 | 5.0 | 4.7 | 2.4 | 0.1 | (0.3) | (0.3) |
| Accumulated Other Comprehensive Income | (65.2) | (76.2) | 18.2 | 19.2 | 45.2 | (75.2) | (148.8) | 33.1 | (65.1) | (38.8) | (4.5) | (69.4) | (9.8) | (18.9) | (46.2) | (189.4) | (74.3) | 53.6 | 35.6 | 32 | 55 | 52.6 | 51.5 | (11.1) | (43.8) | (34.5) | 18.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 4,757.6 | 4,244.9 | 3,941.3 | 3,508.7 | 3,125.4 | 2,666.4 | 2,434.3 | 1,813.7 | 1,537.5 | 1,393.4 | 2,014.9 | 1,713.9 | 1,658.1 | 1,550.8 | 1,441.9 | 1,267.1 | 1,351.7 | 1,454.1 | 1,417.7 | 785.7 | 743.7 | 728.7 | 512.1 | 371.7 | 350.9 | 331.9 | 678.3 | 680.2 | 678.1 | 674.6 | 671.9 | 669.6 | 667.4 | 0.0 | 0.0 |
| Total Liabilities & Equity | 15,900.9 | 13,400.1 | 12,212.4 | 10,816.3 | 10,406.2 | 9,451.1 | 9,132.5 | 8,891.4 | 8,108.3 | 7,591.4 | 7,998.5 | 7,414.3 | 7,256.6 | 7,255.4 | 7,095.7 | 6,827 | 6,827.1 | 6,911 | 6,939.6 | 5,261.7 | 5,332 | 5,161.4 | 5,073.8 | 4,771.7 | 4,729.9 | 4,629.9 | 4,657.4 | 705.6 | 702.7 | 700.9 | 697.3 | 695.2 | 692.4 | 0.2 | 0.0 |
| Debt Metrics | |||||||||||||||||||||||||||||||||||
| Total Debt | 3,256.2 | 3,264.9 | 3,403.4 | 3,213.9 | 3,180.4 | 3,144 | 3,145.3 | 3,127.3 | 3,128.2 | 3,135.2 | 3,126.4 | 3,113.1 | 3,120.1 | 3,355 | 3,368.1 | 3,394.1 | 3,293.7 | 3,124.9 | 3,128 | 2,302 | 2,312.7 | 2,291.6 | 2,302.1 | 2,407.2 | 2,573.7 | 2,555.9 | 3,580.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 445.6 | 1,114.3 | 1,675 | 1,769.7 | 1,524.4 | 1,667.9 | 1,913.1 | 2,209.9 | 2,540.5 | 2,854.7 | 2,337.8 | 2,608.1 | 2,839.9 | 3,074.2 | 3,094.9 | 3,125.4 | 3,088.4 | 2,828.4 | 2,680.9 | 1,550.4 | 1,595.9 | 1,606.4 | 1,759.5 | 2,074.9 | 2,193.8 | 2,252.5 | 3,346.8 | (0.2) | (0.2) | (0.6) | (0.8) | (1.0) | (1.8) | 0 | 0 |
| Metric | 2026 Q2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 497.8 | 390.1 | 445.6 | 398.5 | 324.2 | 164.5 | 147 | 176.6 | 178.1 | (5.9) | 232.6 | 94.1 | 83.2 | 50.3 | 26.6 | 21.2 | 20.3 | 8.5 | 22 | 56.2 | 9.7 | 31.7 | 74.9 | (103.5) | (56) | (208.3) | (3.2) | 2.1 | 2.7 | 2.7 | 2.3 | 2.3 | 0.4 | (0.0) | (0.0) |
| Depreciation & Amortization | 115.8 | 107.7 | 88.3 | 75.4 | 73.3 | 71.6 | 71 | 68.9 | 68.4 | 68.7 | 68.9 | 68.2 | 67.3 | 66.6 | 70.5 | 75.7 | 77 | 79.2 | 69.9 | 51.4 | 53.5 | 52.2 | 52.4 | 50.2 | 50 | 50.5 | 51 | 51.3 | 51 | 49.6 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 13.8 | 17 | 7.2 | 14.2 | 13.3 | 11.2 | 8.8 | 8.1 | 8.5 | 9.2 | 6.2 | 6.5 | 6.8 | 5.5 | 4.6 | 6.3 | 7.2 | 6.6 | 5.7 | 5.7 | 6.2 | 5.6 | 0 | 3.8 | 2.5 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 451 | 227.8 | 480 | (45.5) | (90.4) | (4.8) | 44.9 | 72.8 | 96.1 | (99.7) | 84.5 | 17.7 | 51.4 | (86.9) | (1.2) | (70.2) | (261.7) | (116.1) | 27.2 | (33.9) | (81.5) | (44.6) | 41.3 | 66.5 | (29.4) | (139.2) | 5.2 | 0.8 | (1.5) | 0.8 | (0.3) | (0.2) | (0.4) | 0.0 | 0.0 |
| Other Non-Cash Items | 19.3 | 52.4 | 27.4 | (3) | 12.7 | 27.5 | 154.9 | 99 | 25.6 | 172.8 | 94.9 | 64.5 | 46.7 | 3.1 | 66.8 | (15.8) | (43.9) | (105.8) | 14 | (26.7) | 86.4 | 21.5 | (1.7) | 118.3 | 101 | 96.2 | (45.5) | (51.3) | (93.3) | (46.1) | (2.2) | 0 | 0.0 | 0 | 0 |
| Operating Cash Flow | 1,099.8 | 766.8 | 978.9 | 508.7 | 322.9 | 303.3 | 425.2 | 375.1 | 381.5 | 137.5 | 356.2 | 248.7 | 253.6 | 42 | 180.7 | 4.4 | (205.7) | (132.2) | 36.5 | 54.4 | 59.3 | 60.7 | 194.5 | 136.1 | 73 | (194.7) | 2.0 | 3.0 | 1.3 | 3.5 | (0.1) | 2.1 | 0.0 | 0 | 0 |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditure | (174.5) | (114) | (95) | (46.7) | (45.9) | (38.8) | (63.4) | (39.2) | (45) | (36.5) | (51.1) | (27.4) | (26.3) | (29.8) | (41.3) | (24.8) | (26.7) | (18.2) | (31.8) | (17) | (17.9) | (17.9) | (26.5) | (6.8) | (10.9) | (8.5) | (19.7) | (4.9) | (12.3) | (10.7) | (19.6) | 0.6 | 0 | 0 | 0 |
| Acquisitions | (282.8) | (14.3) | (963.1) | (221.7) | 0 | 0 | (17.6) | 0 | 0 | 0 | (16.9) | 0 | 0 | 12.4 | 3.9 | 0 | (5) | 0 | (1,138.3) | 6.1 | 0 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 1.2 | 3.8 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (198.2) | (348.4) | 0 | (441.5) | (98.1) | 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 | (690) | 0 | 0 |
| Sales/Maturities of Investments | 251.5 | 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 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.5 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (404) | (376.7) | (608.1) | (709.9) | (144) | (38.8) | (81) | (39.2) | (45) | (36.5) | (68) | (27.4) | (26.3) | (17.4) | (37.4) | (24.8) | (31.7) | (18.2) | (1,170.1) | (10.9) | (17.9) | (17.9) | (19.5) | (6.8) | (10.9) | (8.5) | (26.9) | (9.8) | (17.8) | (10.8) | (15.1) | 0 | (690) | 0 | 0 |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 23.9 | (5.2) | (5.2) | (5.2) | (5.3) | (5.2) | (5.3) | (5.3) | (5.3) | (5.3) | (5.4) | (230.5) | (20.9) | (67.4) | 104 | 171.7 | 10.3 | 844.6 | (5.5) | (5.4) | (5.5) | (124.9) | (178.9) | 8.7 | (1,194.9) | (19) | 28.9 | 64.3 | (59.4) | 99.3 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 591.9 | 0 | 0 | (599.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (7) | 0 | 0 | 0 | 0 | (341.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (23.9) | (23.9) | (24) | (14.2) | (14.2) | (14.2) | (14.1) | (9.4) | (9.4) | (9.3) | (9.5) | 0 | 0 | 0 | (3.8) | 0 | 0 | 0 | (3.8) | 0 | 0 | 0 | (3.3) | 0 | 0 | 0 | (360,227) | 0 | 0 | (0.1) | (4.9) | 0 | 0 | 0 | 0 |
| Other Financing Activities | (11.6) | (11.6) | (3.2) | (1) | (0.3) | (6.7) | (592.3) | (0.4) | (18.1) | (3) | (0.5) | (0.3) | (2.4) | (0.1) | (75.1) | (13) | (16.8) | (12.8) | (13.9) | (2.3) | 1.2 | 0.9 | 0.1 | (2.3) | 5.5 | 1,815.8 | 360,247.3 | 0 | 0 | 59.5 | 4.9 | 0 | 1.8 | 0 | 0 |
| Financing Cash Flow | (14.9) | 11.9 | (28) | (11.4) | (8) | (24.9) | (11.7) | (13.7) | (23.6) | (603.1) | (10.8) | 7.2 | (225.1) | (18.8) | (144.5) | 91.2 | 155 | (1.5) | 828.4 | (5.2) | (11.2) | 102.9 | 28.4 | (181.2) | 14.2 | 279.3 | 1.3 | 28.9 | 64.3 | 0 | 99.3 | (0.2) | 691.8 | 0 | 0 |
| Cash Position | |||||||||||||||||||||||||||||||||||
| Net Change in Cash | 684.4 | 401.4 | 345.6 | (211.8) | 179.9 | 243.9 | 314.8 | 329.7 | 307.2 | (508.1) | 283.6 | 224.8 | (0.6) | 7.6 | 4.5 | 63.4 | (91.2) | (150.6) | (304.5) | 34.8 | 31.6 | 142.6 | 210.3 | (47.6) | 76.5 | 69.7 | 3.3 | 3.0 | (0.4) | 3.5 | (0.1) | 1.9 | 691.8 | 0 | 0 |
| Cash at Beginning | 2,191.2 | 1,789.8 | 1,444.2 | 1,656 | 1,476.1 | 1,232.2 | 917.4 | 587.7 | 280.5 | 788.6 | 505 | 280.2 | 280.8 | 273.2 | 268.7 | 205.3 | 296.5 | 447.1 | 751.6 | 716.8 | 685.2 | 542.6 | 332.3 | 379.9 | 303.4 | 233.7 | 704.1 | 701.2 | 699.2 | 695.7 | 1.0 | 691.8 | 0 | 0 | 0 |
| Cash at End | 2,875.6 | 2,191.2 | 1,789.8 | 1,444.2 | 1,656 | 1,476.1 | 1,232.2 | 917.4 | 587.7 | 280.5 | 788.6 | 505 | 280.2 | 280.8 | 273.2 | 268.7 | 205.3 | 296.5 | 447.1 | 751.6 | 716.8 | 685.2 | 542.6 | 332.3 | 379.9 | 303.4 | 707.4 | 704.1 | 701.2 | 699.2 | 0.8 | 693.7 | 691.8 | 0 | 0 |
| Free Cash Flow | 925.3 | 652.8 | 883.9 | 462 | 277 | 264.5 | 361.8 | 335.9 | 336.5 | 101 | 305.1 | 221.3 | 227.3 | 12.2 | 139.4 | (20.4) | (232.4) | (150.4) | 4.7 | 37.4 | 41.4 | 42.8 | 168 | 129.3 | 62.1 | (203.2) | 2.0 | 3.0 | 1.3 | 3.5 | (0.1) | 2.1 | 0.0 | 0 | 0 |
| Key Metrics | 2026 Q2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||||
| Revenue | 3,274.3 | 2,649.5 | 2,880 | 2,675.8 | 2,638.1 | 2,036 | 2,346.4 | 2,073.5 | 1,952.8 | 1,639.1 | 1,865.4 | 1,742.6 | 1,734.1 | 1,521.1 | 1,654.6 | 1,481.1 | 1,399.4 | 1,156.4 | 1,410.5 | 1,228.9 | 1,260.3 | 1,098.4 | 1,305.5 | 1,162 | 1,005.7 | 897.3 | 1,171.5 | 1,070.7 | 1,134.1 | 1,054.8 | 1,171.6 | 0 | 0 | 0 | 0 |
| Gross Profit | 1,234.9 | 999.7 | 1,062.1 | 1,010.7 | 848.5 | 635.8 | 825.1 | 712.5 | 695.4 | 516.6 | 638.2 | 582.1 | 548.6 | 450.3 | 463.6 | 375.1 | 315.7 | 245.9 | 324.7 | 350.1 | 377.4 | 326.2 | 395.6 | 380.5 | 314.2 | 254.6 | 354.7 | 319.9 | 334.8 | 314.4 | 369.8 | 0 | 0 | 0 | 0 |
| Operating Income | 637.9 | 440.1 | 600.5 | 516.7 | 452.9 | 289.5 | 463.5 | 377.9 | 331.6 | 202.6 | 289.4 | 254.9 | 221 | 141.6 | 160.3 | 79.9 | 28.1 | (46.3) | (4.7) | 92.3 | 105.7 | 76.1 | 130.1 | 128.8 | 87.9 | (10.2) | 62.9 | 60.6 | 71.5 | 28 | (0.7) | (0.3) | (0.1) | (0.0) | (0.0) |
| Net Income | 497.8 | 390.1 | 445.6 | 398.5 | 324.2 | 164.5 | 147 | 176.6 | 178.1 | (5.9) | 232.6 | 94.1 | 83.2 | 50.3 | 26.6 | 21.2 | 20.3 | 8.5 | 22 | 56.2 | 9.7 | 31.7 | 40.5 | (103.5) | (56) | (208.3) | (33.9) | (13.7) | (18.9) | (74.3) | 2.3 | 2.3 | 0.4 | (0.0) | (0.0) |
| EPS (Diluted) | 1.27 | 0.99 | 1.14 | 1.02 | 0.83 | 0.42 | 0.38 | 0.46 | 0.46 | -0.02 | 0.60 | 0.24 | 0.22 | 0.12 | 0.07 | 0.06 | 0.05 | -0.23 | 0.06 | 0.15 | 0.03 | 0.09 | 0.12 | -0.32 | -0.17 | -0.87 | -0.29 | -0.12 | -0.16 | -0.63 | 0.03 | 0.03 | 0.00 | – | – |
| Balance Sheet | |||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 2,810.6 | 2,150.6 | 1,728.4 | 1,444.2 | 1,656 | 1,476.1 | 1,232.2 | 917.4 | 587.7 | 280.5 | 788.6 | 505 | 280.2 | 280.8 | 273.2 | 268.7 | 205.3 | 296.5 | 447.1 | 751.6 | 716.8 | 685.2 | 542.6 | 332.3 | 379.9 | 303.4 | 233.7 | 0.2 | 0.2 | 0.6 | 0.8 | 1.0 | 1.8 | 0 | 0 |
| Total Assets | 15,900.9 | 13,400.1 | 12,212.4 | 10,816.3 | 10,406.2 | 9,451.1 | 9,132.5 | 8,891.4 | 8,108.3 | 7,591.4 | 7,998.5 | 7,414.3 | 7,256.6 | 7,255.4 | 7,095.7 | 6,827 | 6,827.1 | 6,911 | 6,939.6 | 5,261.7 | 5,332 | 5,161.4 | 5,073.8 | 4,771.7 | 4,729.9 | 4,629.9 | 4,657.4 | 705.6 | 702.7 | 700.9 | 697.3 | 695.2 | 692.4 | 0.2 | 0.0 |
| Total Debt | 3,256.2 | 3,264.9 | 3,403.4 | 3,213.9 | 3,180.4 | 3,144 | 3,145.3 | 3,127.3 | 3,128.2 | 3,135.2 | 3,126.4 | 3,113.1 | 3,120.1 | 3,355 | 3,368.1 | 3,394.1 | 3,293.7 | 3,124.9 | 3,128 | 2,302 | 2,312.7 | 2,291.6 | 2,302.1 | 2,407.2 | 2,573.7 | 2,555.9 | 3,580.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stockholders' Equity | 4,757.6 | 4,244.9 | 3,941.3 | 3,508.7 | 3,125.4 | 2,666.4 | 2,434.3 | 1,813.7 | 1,537.5 | 1,393.4 | 2,014.9 | 1,713.9 | 1,658.1 | 1,550.8 | 1,441.9 | 1,267.1 | 1,351.7 | 1,454.1 | 1,417.7 | 785.7 | 743.7 | 728.7 | 512.1 | 371.7 | 350.9 | 331.9 | 678.3 | 680.2 | 678.1 | 674.6 | 671.9 | 669.6 | 667.4 | 0.0 | 0.0 |
| Cash Flow | |||||||||||||||||||||||||||||||||||
| Operating Cash Flow | 1,099.8 | 766.8 | 978.9 | 508.7 | 322.9 | 303.3 | 425.2 | 375.1 | 381.5 | 137.5 | 356.2 | 248.7 | 253.6 | 42 | 180.7 | 4.4 | (205.7) | (132.2) | 36.5 | 54.4 | 59.3 | 60.7 | 194.5 | 136.1 | 73 | (194.7) | 2.0 | 3.0 | 1.3 | 3.5 | (0.1) | 2.1 | 0.0 | 0 | 0 |
| Capital Expenditure | (174.5) | (114) | (95) | (46.7) | (45.9) | (38.8) | (63.4) | (39.2) | (45) | (36.5) | (51.1) | (27.4) | (26.3) | (29.8) | (41.3) | (24.8) | (26.7) | (18.2) | (31.8) | (17) | (17.9) | (17.9) | (26.5) | (6.8) | (10.9) | (8.5) | (19.7) | (4.9) | (12.3) | (10.7) | (19.6) | 0.6 | 0 | 0 | 0 |
| Free Cash Flow | 925.3 | 652.8 | 883.9 | 462 | 277 | 264.5 | 361.8 | 335.9 | 336.5 | 101 | 305.1 | 221.3 | 227.3 | 12.2 | 139.4 | (20.4) | (232.4) | (150.4) | 4.7 | 37.4 | 41.4 | 42.8 | 168 | 129.3 | 62.1 | (203.2) | 2.0 | 3.0 | 1.3 | 3.5 | (0.1) | 2.1 | 0.0 | 0 | 0 |