Wayfair Inc. logo W - Wayfair Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 29
HOLD 24
SELL 3
STRONG
SELL
0
| PRICE TARGET: $99.47 DETAILS
HIGH: $125.00
LOW: $75.00
MEDIAN: $100.00
CONSENSUS: $99.47
UPSIDE: 48.31%
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
Revenue
Revenue 2,931 3,337 3,117 3,273 2,730 3,121 2,884 3,117 2,729 3,114 2,944 3,171 2,774 3,101 2,840 3,284 2,993 3,252 3,121.1 3,857.6 3,478 3,670.9 3,839.6 4,304.7 2,330.1 2,533.5 2,305.5 2,343.3 1,944.8 2,014.0 1,705.6 1,655.3 1,404.3 1,439.0 1,198.2 1,122.9 960.8 984.6 861.5 786.9 747.3 739.8 594.0 491.8 424.4 408.6 336.2 295.4 278.7 295.3 237.3 203.4 179.8
Cost of Revenue 2,051 2,327 2,183 2,289 1,893 2,180 2,011 2,176 1,910 2,170 2,027 2,186 1,953 2,208 2,016 2,388 2,190 2,371 2,238.4 2,729.6 2,474.5 2,606.3 2,692.1 2,983.6 1,750.9 1,956.1 1,765.6 1,783.7 1,474.4 1,528.9 1,312.9 1,270.2 1,080.4 1,106.9 917.9 853.4 723.9 746.0 659.9 598.4 568.3 564.1 452.6 371.0 321.5 310.2 257.2 227.0 213.5 224.6 178.7 152.5 135.8
Gross Profit 880 1,010 934 984 837 941 873 941 819 944 917 985 821 893 824 896 803 881 882.7 1,128.1 1,003.0 1,064.6 1,147.4 1,321.0 579.1 577.4 539.9 559.6 470.5 485.1 392.8 385.0 323.8 332.2 280.3 269.5 236.9 238.6 201.7 188.5 179.1 175.7 141.4 120.8 102.8 98.4 79.0 68.5 65.2 70.7 58.6 50.8 44.0
Operating Expenses
R&D Expenses 0 0 0 0 0 257 0 0 0 279 0 0 0 224 0 0 0 171 0 0 0 132 0 0 0 81.6 0 0 0 51.3 0 0 0 34.5 0 0 0 21.6 0 0 0 15.3 0 0 0 9.9 0 0 0 7 0 1.7 1.5
SG&A Expenses 867 816 775 837 880 1,023 834 975 975 1,116 1,352 1,401 532 1,224 1,009 1,066 1,113 1,077 952.5 982.9 964.5 827.3 925.6 1,021.0 841.2 525.5 799.6 730.8 664.1 616.4 538.0 480.3 426.9 399.9 354.3 307.0 293.1 282.3 263.3 237.2 221.2 165.7 160.0 140.0 113.9 114.9 102.7 91.5 93.1 74.9 62.1 53.3 49.4
Other Expenses 0 125 121 130 79 (222) 113 1 79 (279) (283) (275) 636 (224) 187 202 0 (171) 0 0 12.5 4.7 0 0 0 275.7 0 0 0 (53.0) 0 0 0 (34.5) 0 0 0 (21.6) 0 0 0 10.7 0 0.2 16.2 46.2 0.2 0.2 0.2 (6.8) 0.2 (2.0) (1.6)
Operating Expenses 867 941 896 967 959 1,058 947 976 1,054 1,116 1,069 1,126 1,168 1,224 1,196 1,268 1,113 1,077 952.5 982.9 977 964.0 925.6 1,021.0 841.2 882.8 799.6 730.8 664.1 614.7 538.0 480.3 426.9 399.9 354.3 307.0 293.1 282.3 263.3 237.2 221.2 191.7 160.0 140.3 130.1 170.9 102.9 91.7 93.4 75.1 62.3 53.0 49.3
Operating Income
Operating Income 13 69 38 17 (122) (117) (74) (35) (235) (172) (152) (142) (347) (330) (372) (372) (310) (196) (69.8) 146 26 100.6 221.9 300.0 (262.1) (305.4) (259.7) (171.2) (193.6) (129.6) (145.3) (95.3) (103.1) (67.7) (74.0) (37.6) (56.2) (43.8) (61.6) (48.7) (42.1) (16.0) (18.6) (19.5) (27.2) (72.5) (23.9) (23.3) (28.2) (4.4) (3.7) (2.5) (5.4)
Interest Expense 39 36 31 29 23 14 5 4 6 2 5 5 5 8 5 6 8 8.4 8 9 7 58.9 36.3 28.9 22.2 20.6 14.4 10.3 9.2 10.3 7.1 5.8 5.4 5.6 2.0 1.6 0.3 0.1 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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 0.5 0.6 0.4 0.3 0.3 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Profitability
EBITDA 80 (7) 9 124 (6) (22) 28 63 (135) (64) (50) 63 (244) (233) (183) (280) (225) (116.2) 16.0 220.9 103.4 179.8 280.8 372.2 (195.5) (247.2) (207.3) (126.6) (150.9) (93.5) (112.7) (66.4) (77.1) (43.3) (51.0) (18.2) (35.9) (26.7) (46.2) (36.2) (31.6) (6.9) (18.4) (12.1) (20.5) (64.9) (23.6) (18.6) (24.0) (0.6) (0.2) (1.3) (4.0)
EBIT 13 (78) (66) 46 (87) (112) (66) (36) (239) (169) (156) (39) (348) (334) (277) (371) (310) (198.1) (65.9) 144 23.0 102.7 208.3 303.1 (262.3) (305.4) (257.5) (170.9) (190.6) (129.6) (145.3) (95.3) (103.1) (67.7) (74.0) (37.6) (56.2) (43.8) (61.6) (48.7) (42.1) (16.0) (18.6) (19.5) (27.2) (72.5) (23.9) (23.3) (28.2) (4.4) (3.7) (2.5) (5.4)
Income Before Tax (104) (114) (97) 17 (110) (126) (71) (40) (245) (171) (161) (44) (353) (342) (282) (377) (318) (207) (74.3) 135 16 43.7 172.0 274.2 (284.5) (328.7) (272.0) (181.1) (199.8) (142.8) (151.3) (100.5) (107.5) (73.0) (76.2) (38.7) (56.3) (43.9) (61.0) (48.0) (40.9) (15.4) (15.6) (19.3) (27.1) (72.5) (24.1) (23.4) (28.0) (4.1) (3.0) (2.6) (5.7)
Income Tax Expense 1 2 2 2 3 2 3 2 3 3 2 2 2 9 1 1 1 (5) 3.7 4 (2.0) 19.9 (1.2) 0.3 1.3 1.5 0.1 0.8 0.6 1.1 0.4 0.3 0.2 (0.2) 0.2 0.2 0.2 0.1 (0.1) 0.3 0.3 0.1 (0.1) 0.1 0.0 0.1 0.0 0.0 0.0 0.1 0.0 (11.4) 11.4
Net Income (105) (116) (99) 15 (113) (128) (74) (42) (248) (174) (163) (46) (355) (351) (283) (378) (319) (202) (78.0) 131 18 23.8 173.2 273.9 (285.9) (330.2) (272.0) (181.9) (200.4) (143.8) (151.7) (100.7) (107.8) (72.8) (76.4) (38.9) (56.5) (44.0) (60.9) (48.3) (41.2) (15.5) (15.5) (19.3) (27.1) (72.6) (24.1) (23.4) (28.0) (4.2) (3.0) (7.1) (17.2)
Per Share Data
EPS (Basic) -0.80 -0.89 -0.76 0.12 -0.89 -1.02 -0.60 -0.34 -2.07 -1.47 -1.41 -0.41 -3.23 -3.25 -2.67 -3.60 -3.04 -1.92 -0.75 1.26 0.18 0.24 1.82 2.89 -3.04 -3.54 -2.94 -1.98 -2.20 -1.59 -1.69 -1.13 -1.22 -0.83 -0.88 -0.45 -0.66 -0.51 -0.72 -0.57 -0.49 -0.18 -0.18 -0.23 -0.33 -0.73 -0.35 -0.34 -0.50 -0.06 -0.11 -0.17 -0.42
EPS (Diluted) -0.80 -0.89 -0.76 0.12 -0.89 -1.02 -0.60 -0.34 -2.07 -1.47 -1.41 -0.41 -3.23 -3.25 -2.67 -3.60 -3.04 -1.92 -0.75 1.14 0.16 0.23 1.67 2.54 -3.04 -3.54 -2.94 -1.98 -2.20 -1.59 -1.69 -1.13 -1.22 -0.83 -0.88 -0.45 -0.66 -0.51 -0.72 -0.57 -0.49 -0.18 -0.18 -0.23 -0.33 -0.73 -0.35 -0.34 -0.50 -0.06 -0.11 -0.17 -0.42
Shares Outstanding 131 130 130 128 127 125 123 122 120 118 116 112 110 108 106 105 104.9 105 104 104 103 99.0 95.4 94.8 94.0 93.3 92.5 91.8 91.1 90.4 89.8 89.2 88.5 87.9 87.3 86.7 86.0 85.6 85.1 84.8 84.4 84.2 83.9 83.6 83.2 80.1 82.8 82.8 70.3 70.3 70.3 41.3 41.3
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
Current Assets
Cash & Cash Equivalents 1,004 1,476 1,171 1,326 1,338 1,316 1,296 1,304 1,107 1,322 1,281 1,249 970 1,050 731 1,094 1,200 1,706 1,864.8 2,078.5 2,086.5 2,130 2,442.9 2,181.5 624.5 582.8 1,295.4 675.1 722.4 849.5 488.6 529.5 522.0 559.0 553.7 203.8 212.4 279.8 208.3 220.3 248.8
Short-Term Investments 58 66 54 52 30 56 32 39 50 29 0 4 78 228 557 644 787 693 528.4 523.4 608.5 462 114.0 192.7 266.5 404.3 6.0 39.3 83.3 114.3 30.1 45.9 60.0 61.0 56.7 52.1 64.3 68.7 84.5 82.7 60.7
Net Receivables 158 132 129 110 140 290 155 161 113 234 132 128 181 341 332 308 270 296 166.5 129.4 107.0 172 109.7 119.0 110.3 148.0 75.7 77.3 60.6 100.1 41.0 34.8 32.0 80.8 27.5 23.9 21.8 54.2 16.7 14.2 11.9
Inventory 78 71 70 89 90 76 81 78 81 75 79 77 83 90 103 98 80 69 66.6 59.9 59.6 52 54.2 42.8 56.6 61.7 68.6 45.6 43.6 46.2 35.7 30.7 34.5 28.0 18.6 14.6 14.5 18.6 19.2 17.4 17.8
Other Current Assets 270 256 254 233 295 73 248 240 237 114 292 316 295 129 0 0 0 155 0 0 0 180 0 0 0 134.2 0 0 0 114.9 0 0 0 54.5 0 0 0 34.3 0 0 0
Total Current Assets 1,568 2,001 1,678 1,810 1,893 1,877 1,812 1,822 1,588 1,855 1,784 1,774 1,607 1,933 2,004 2,460 2,680 3,012 2,955.2 3,133.9 3,216.9 3,046 3,043.5 2,879.0 1,278.2 1,377.1 1,670.7 1,056.9 1,117.8 1,255.9 763.2 794.0 796.9 816.8 776.6 417.2 432.4 477.1 416.1 422.7 424.2
Non-Current Assets
Property, Plant & Equipment 1,243 1,378 1,377 1,408 1,468 1,528 1,546 1,560 1,601 1,568 1,529 1,565 1,571 1,613 1,615 1,606 1,542 1,523 1,470.6 1,506.7 1,523.5 1,492 1,484.4 1,469.9 1,441.3 1,387.9 1,303.8 1,111.2 982.6 607.0 509.7 468.4 404.3 361.1 318.9 295.4 263.3 239.4 211.3 179.1 162.6
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 2.1 2.1 2.1 2.1 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9
Intangible Assets 0 0 0 0 0 13 0 0 0 14 0 0 0 15 0 0 0 16 0 0 0 16.6 17.2 17.6 18.0 18.4 18.8 0.2 0.3 0.5 0.6 0.8 1.1 1.2 1.5 1.7 2.0 2.3 2.6 1.4 1.6
Long-Term Investments 0 0 0 0 0 15 0 0 0 14 0 0 0 11 0 0 0 8 0 0 0 0 0 0 0 155.7 0 0 0 6.5 6.5 9.8 11.0 21.6 29.8 26.8 33.2 31.0 41.7 50.5 70.3
Other Non-Current Assets 59 61 61 60 58 26 56 54 51 23 47 43 34 8 34 32 34 11 40.4 40.7 34.6 15 12.9 12.6 13.5 13.5 14.0 13.4 12.8 18.8 17.6 12.2 11.1 10.8 9.5 8.4 9.3 10.0 10.5 8.3 6.8
Total Non-Current Assets 1,302 1,439 1,438 1,468 1,526 1,582 1,602 1,614 1,652 1,619 1,576 1,608 1,605 1,647 1,649 1,638 1,576 1,558 1,511.0 1,547.4 1,558.1 1,524 1,515.0 1,500.5 1,473.2 1,575.9 1,336.9 1,125.2 996.0 634.9 536.5 493.3 429.6 396.6 361.5 334.2 309.8 284.6 268.0 241.3 243.2
Total Assets 2,870 3,440 3,116 3,278 3,419 3,459 3,414 3,436 3,240 3,474 3,360 3,382 3,212 3,580 3,653 4,098 4,256 4,570 4,466.2 4,681.2 4,774.9 4,570 4,558.4 4,379.5 2,751.4 2,953.0 3,007.6 2,182.1 2,113.9 1,890.8 1,299.6 1,287.3 1,226.4 1,213.4 1,138.1 751.5 742.1 761.7 684.1 664.0 667.4
Current Liabilities
Account Payables 1,094 1,202 1,199 1,140 1,123 1,246 1,187 1,168 1,055 1,234 1,173 1,104 1,058 1,204 1,056 1,234 1,174 1,166 1,072.5 1,262.4 1,174.2 1,157 1,236.9 1,270.5 838.3 908.1 814.4 779.9 706.0 650.2 591.9 543.6 485.6 440.4 381.7 371.4 362.7 379.5 312.3 265.8 251.0
Short-Term Debt 0 0 0 0 0 236 0 0 0 117 0 0 0 0 0 0 0 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 0 212 0 0 0 195 0 0 0 0 0 0 0 299 0 0 0 293 318.2 333.8 164.1 167.6 151.4 155.8 146.5 148.1 133.4 121.6 110.1 94.1 86.2 89.1 88.3 65.9 55.4 53.5 48.7
Other Current Liabilities 961 927 1,055 1,075 1,160 228 982 1,039 970 217 823 870 851 266 905 984 1,025 320 958.0 963.2 1,045.8 318 333.6 379.4 236.2 251.6 200.5 179.2 170.2 169.9 109.2 95.6 89.4 104.4 61.2 49.0 44.9 66.1 37.0 32.3 27.8
Total Current Liabilities 2,055 2,129 2,254 2,215 2,283 2,370 2,169 2,207 2,025 2,183 1,996 1,974 1,909 2,072 1,961 2,218 2,199 2,217 2,030.5 2,225.6 2,220.0 2,166 2,217.4 2,283.4 1,493.9 1,611.5 1,433.7 1,333.5 1,229.8 1,139.2 1,002.3 890.3 799.7 739.8 650.2 598.5 566.6 557.2 473.0 425.1 388.1
Non-Current Liabilities
Long-Term Debt 3,635 4,068 3,605 2,884 3,000 2,882 3,061 3,059 3,095 3,092 3,207 3,205 3,138 3,137 3,134 3,054 3,054 3,052 3,049.5 3,048.0 3,060.1 2,659 2,862.1 1,988.2 1,577.1 1,456.2 1,435.9 761.6 750.2 738.9 346.6 342.3 337.2 332.9 327.9 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 22 25 25 29 31 33 33 37 40 44 38 40 43 28 27 32 26 28 48.7 50.1 43.6 67 70.8 32.1 12.9 6.9 6.6 6.9 5.4 160.4 78.9 109.1 134.2 106.5 74.2 58.3 97.5 96.2 71.7 46.9 74.3
Total Non-Current Liabilities 3,657 4,093 3,630 3,782 3,945 3,844 3,978 3,989 4,040 3,998 4,072 4,106 4,048 4,058 4,070 4,025 3,961 3,972 3,965.8 3,997.5 4,024.6 3,596 3,800.7 2,883.5 2,428.9 2,285.7 2,256.4 1,453.9 1,363.2 1,082.3 609.5 592.4 554.0 522.0 484.9 141.0 139.1 125.1 100.6 76.7 74.3
Total Liabilities 5,712 6,222 5,884 5,997 6,228 6,214 6,147 6,196 6,065 6,181 6,068 6,080 5,957 6,130 6,031 6,243 6,160 6,189 5,996.3 6,223.1 6,244.6 5,762 6,018.0 5,166.9 3,922.8 3,897.3 3,690.1 2,787.5 2,593.0 2,221.6 1,611.9 1,482.7 1,353.7 1,261.7 1,135.1 739.5 705.7 682.3 573.6 501.9 462.4
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.1 0.1 0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Retained Earnings (4,928) (4,823) (4,707) (4,608) (4,623) (4,510) (4,382) (4,308) (4,266) (4,018) (3,844) (3,681) (3,635) (3,280) (2,929) (2,646) (2,268) (1,949) (1,747.0) (1,669.0) (1,799.4) (1,886) (1,909.8) (2,082.9) (2,356.8) (2,065.4) (1,735.2) (1,463.2) (1,281.2) (1,082.7) (938.8) (787.1) (686.4) (583.3) (510.5) (434.1) (395.2) (329.9) (286.0) (225.0) (176.8)
Accumulated Other Comprehensive Income (28) (32) (32) (32) (7) 4 (8) (4) (5) (5) (6) (5) (4) (7) (14) (12) (10) (7) (4.9) (4.7) (1.9) (5) (2.0) (0.5) 0.6 (1.4) (1.5) (1.4) (1.0) (1.8) (2.1) (1.9) (3.3) (2.4) (1.9) (1.0) (0.2) 0.0 (0.5) (0.1) 0.0
Total Stockholders' Equity (2,842) (2,782) (2,768) (2,719) (2,809) (2,755) (2,733) (2,760) (2,825) (2,707) (2,708) (2,698) (2,745) (2,550) (2,378) (2,145) (1,904) (1,619) (1,530.1) (1,541.9) (1,469.7) (1,192) (1,459.6) (787.4) (1,171.4) (944.2) (682.4) (605.4) (479.1) (330.7) (312.2) (195.5) (127.2) (48.3) 3.0 11.9 36.5 79.4 110.5 162.1 205.0
Total Liabilities & Equity 2,870 3,440 3,116 3,278 3,419 3,459 3,414 3,436 3,240 3,474 3,360 3,382 3,212 3,580 3,653 4,098 4,256 4,570 4,466.2 4,681.2 4,774.9 4,570 4,558.4 4,379.5 2,751.4 2,953.0 3,007.6 2,182.1 2,113.9 1,890.8 1,299.6 1,287.3 1,226.4 1,213.4 1,138.1 751.5 742.1 761.7 684.1 664.0 667.4
Debt Metrics
Total Debt 3,635 4,068 3,605 3,753 3,914 4,221 3,945 3,952 4,000 4,204 4,034 4,066 4,005 4,155 4,043 3,993 3,935 4,054 3,917.1 3,947.4 3,981.0 3,626 3,729.8 2,851.3 2,416.0 2,369.9 2,249.8 1,447.1 1,357.8 982.0 530.7 483.3 419.8 453.0 410.7 82.7 41.5 68.8 28.9 29.9 0
Net Debt 2,631 2,592 2,434 2,427 2,576 2,905 2,649 2,648 2,893 2,882 2,753 2,817 3,035 3,105 3,312 2,899 2,735 2,348 2,052.2 1,869.0 1,894.5 1,496 1,286.9 669.9 1,791.5 1,787.1 954.4 772.0 635.4 132.6 42.1 (46.1) (102.3) (105.9) (143.0) (121.1) (170.9) (211.0) (179.4) (190.4) (248.8)
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 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income (105) (116) (99) 15 (113) (128) (74) (42) (248) (174) (163) (46) (355) (351) (283) (378) (319) (201.6) (78.0) 130.4 18.2 23.8 173.2 273.9 (285.9) (330.2) (272.0) (181.9) (200.4) (143.8) (151.7) (100.7) (107.8) (72.8) (76.4) (38.9) (56.5) (44.0) (60.9) (48.3) (41.2)
Depreciation & Amortization 67 71 75 78 81 90 94 99 104 105 106 102 104 101 94 91 85 81.8 81.9 77.9 80.3 77.2 72.6 69.1 66.8 58.2 50.2 44.3 39.6 36.1 32.5 28.9 26.0 24.4 22.9 19.3 20.4 17.0 15.5 12.6 10.5
Stock-Based Compensation 67 0 88 100 64 86 95 95 119 158 139 164 144 158 122 129 104 106.9 83.2 79.4 74.5 79.0 70.1 67.6 59.4 65.4 61.8 53.2 47.1 39.4 33.9 29.8 24.4 21.1 18.3 14.8 13.6 14.2 14.7 10.7 9.7
Change in Working Capital (116) 27 1 64 (141) 102 (72) 97 (116) 70 33 97 (54) 169 (259) (27) (102) 97.2 (221.8) (16.4) (9.1) (29.9) (29.2) 697.6 (115.6) 148.9 65.9 71.3 21.3 102.2 88.7 84.5 39.9 58.9 59.1 21.7 (23.3) 85.7 46.9 49.3 (30.0)
Other Non-Cash Items 35 220 90 16 13 12 6 (4) 2 282 6 (100) 14 21 (105) 70 6 4.6 3.9 4.1 0.4 56.6 44.3 27.1 18.9 21.3 17.7 10.3 11.1 8.7 4.4 5.1 4.4 5.2 0.7 1.1 (0.2) 0.5 (0.5) 0.6 (0.2)
Operating Cash Flow (52) 202 155 273 (96) 162 49 245 (139) 158 121 217 (147) 98 (431) (115) (226) 88.8 (130.8) 275.4 176.6 206.7 331.0 1,135.3 (256.3) (36.3) (76.4) (2.7) (81.3) 42.5 7.8 47.6 (13.1) 36.9 24.8 18.1 (46.1) 73.5 15.6 24.9 (51.2)
Investing Activities
Capital Expenditure (25) (57) (27) (13) (5) (60) (58) (62) (54) (96) (79) (89) (87) (117) (107) (129) (105) (73.8) (72.3) (68.5) (65.4) (78.5) (76.0) (81.6) (98.3) (122.2) (104.5) (88.7) (85.5) (65.7) (66.6) (55.1) (34.5) (35.5) (43.2) (45.3) (22.9) (24.8) (29.6) (44.3) (29.4)
Acquisitions 0 0 0 0 0 0 0 0 0 0 49 0 0 272 (21) (65) 65 0 0 0 41.0 128.4 0 0 0 0 0 0 0 0 0 0 0 46.4 0 0 10.9 31.4 0 0 5.5
Purchases of Investments (5) (39) (21) (37) (18) (30) 1 (2) (36) (32) (4) 0 0 (10) (18) (176) (226) (214.3) (162.1) (272.3) (340.3) (461.7) (20.0) 0 0 (553.9) 0 0 0 (99.0) 0 0 0 (6.9) (22.3) (9.1) (16.2) (11.7) (7.4) (40.6) (28.5)
Sales/Maturities of Investments 13 27 16 14 44 6 6 12 15 4 4 74 151 339 103 317 130 47.9 151.0 356.7 193.4 113.8 98 73.5 294.8 0 33.3 44.2 37.9 15.1 19.3 15.3 11.4 10.6 14.5 27.8 18.3 37.8 14.2 38.3 29.6
Other Investing Activities (29) 0 (35) (30) (38) (40) (121) 0 0 2 (49) 0 0 (272) 21 65 (65) (0.2) 5.2 0 (41.0) (128.4) 0 0 (0.1) 0.4 (18.8) (0.1) 2.8 0.0 (0.1) (0.2) (0.3) (46.4) (20.0) 6.9 (10.9) (31.4) 0.5 (9.1) (5.5)
Investing Cash Flow (46) (69) (67) (66) (17) (84) (51) (52) (75) (122) (79) (15) 64 212 (22) 12 (201) (240.4) (78.2) 15.9 (212.3) (426.3) 2.0 (8.1) 196.4 (675.7) (89.9) (44.6) (44.7) (149.6) (47.4) (39.9) (23.4) (31.8) (51.0) (26.7) (20.8) 1.3 (22.3) (46.6) (28.2)
Financing Activities
Net Debt Issuance (349) (780) 0 (191) 140 669 0 0 0 601 0 77 0 584 171 0 0 0 0 0 0 0.6 460.0 427.4 100 (0.1) 935.1 0 0 468.6 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 9 (9) 0 0 0 0 0 0 0 0 0 0 0 0 (75) 0.2 0 (300.0) (0.2) (100.0) (280.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (5.8) (6.6)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Financing Activities (29) 954 (252) 0 0 (741) 0 3 0 (601) 0 0 0 (584) (80) 0 0 (0.6) (2) 0.0 0.0 (0.5) (254.6) 0 0 1.7 (146.8) (0.3) (1.0) (0.2) (0.5) (0.2) (0.4) (0.3) 376.3 (0.7) 0.1 0.0 0.0 (5.7) (6.6)
Financing Cash Flow (378) 174 (243) (200) 140 (72) 0 3 0 0 0 77 0 0 91 0 (75) (0.3) (2) (300) (0.1) (99.9) (75.1) 427.5 100.1 (0.7) 788.3 (0.2) (0.9) 468.5 (0.4) (0.2) (0.4) (0.3) 376.3 (0.6) (0.5) (2.6) (6.0) (5.7) (6.6)
Cash Position
Net Change in Cash (472) 305 (314) (12) 18 20 (8) 197 (215) 35 42 279 (80) 319 (363) (106) (506) (158.8) (213.6) (8.0) (43.0) (313.5) 261.5 1,557.0 41.7 (712.6) 620.3 (47.2) (127.1) 360.8 (40.8) 7.4 (36.9) 5.2 349.9 (8.6) (67.4) 71.5 (12.0) (28.5) (85.4)
Cash at Beginning 1,476 1,171 1,326 1,338 1,320 1,300 1,308 1,107 1,322 1,281 1,249 970 1,050 731 1,094 1,200 1,706 1,864.8 2,078.5 2,086.5 2,129.4 2,442.9 2,181.5 624.5 582.8 1,295.4 675.1 722.4 849.5 488.6 529.5 522.0 559.0 553.7 203.8 212.4 279.8 208.3 220.3 248.8 334.2
Cash at End 1,004 1,476 1,012 1,326 1,338 1,320 1,300 1,308 1,107 1,322 1,291 1,249 970 1,050 731 1,094 1,200 1,706 1,864.8 2,078.5 2,086.5 2,129.4 2,442.9 2,181.5 624.5 582.8 1,295.4 675.1 722.4 849.5 488.6 529.5 522.0 559.0 553.7 203.8 212.4 279.8 208.3 220.3 248.8
Free Cash Flow (77) 145 128 260 (101) 102 (9) 183 (193) 62 42 128 (234) (19) (538) (244) (331) 15.0 (203.2) 206.9 111.2 128.3 255.0 1,053.6 (354.6) (158.5) (180.9) (91.5) (166.8) (23.2) (58.8) (7.5) (47.6) 1.4 (18.5) (27.2) (69.0) 48.7 (14.0) (19.4) (80.6)
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
Income Statement
Revenue 2,931 3,337 3,117 3,273 2,730 3,121 2,884 3,117 2,729 3,114 2,944 3,171 2,774 3,101 2,840 3,284 2,993 3,252 3,121.1 3,857.6 3,478 3,670.9 3,839.6 4,304.7 2,330.1 2,533.5 2,305.5 2,343.3 1,944.8 2,014.0 1,705.6 1,655.3 1,404.3 1,439.0 1,198.2 1,122.9 960.8 984.6 861.5 786.9 747.3 739.8 594.0 491.8 424.4 408.6 336.2 295.4 278.7 295.3 237.3 203.4 179.8
Gross Profit 880 1,010 934 984 837 941 873 941 819 944 917 985 821 893 824 896 803 881 882.7 1,128.1 1,003.0 1,064.6 1,147.4 1,321.0 579.1 577.4 539.9 559.6 470.5 485.1 392.8 385.0 323.8 332.2 280.3 269.5 236.9 238.6 201.7 188.5 179.1 175.7 141.4 120.8 102.8 98.4 79.0 68.5 65.2 70.7 58.6 50.8 44.0
Operating Income 13 69 38 17 (122) (117) (74) (35) (235) (172) (152) (142) (347) (330) (372) (372) (310) (196) (69.8) 146 26 100.6 221.9 300.0 (262.1) (305.4) (259.7) (171.2) (193.6) (129.6) (145.3) (95.3) (103.1) (67.7) (74.0) (37.6) (56.2) (43.8) (61.6) (48.7) (42.1) (16.0) (18.6) (19.5) (27.2) (72.5) (23.9) (23.3) (28.2) (4.4) (3.7) (2.5) (5.4)
Net Income (105) (116) (99) 15 (113) (128) (74) (42) (248) (174) (163) (46) (355) (351) (283) (378) (319) (202) (78.0) 131 18 23.8 173.2 273.9 (285.9) (330.2) (272.0) (181.9) (200.4) (143.8) (151.7) (100.7) (107.8) (72.8) (76.4) (38.9) (56.5) (44.0) (60.9) (48.3) (41.2) (15.5) (15.5) (19.3) (27.1) (72.6) (24.1) (23.4) (28.0) (4.2) (3.0) (7.1) (17.2)
EPS (Diluted) -0.80 -0.89 -0.76 0.12 -0.89 -1.02 -0.60 -0.34 -2.07 -1.47 -1.41 -0.41 -3.23 -3.25 -2.67 -3.60 -3.04 -1.92 -0.75 1.14 0.16 0.23 1.67 2.54 -3.04 -3.54 -2.94 -1.98 -2.20 -1.59 -1.69 -1.13 -1.22 -0.83 -0.88 -0.45 -0.66 -0.51 -0.72 -0.57 -0.49 -0.18 -0.18 -0.23 -0.33 -0.73 -0.35 -0.34 -0.50 -0.06 -0.11 -0.17 -0.42
Balance Sheet
Cash & Equivalents 1,004 1,476 1,171 1,326 1,338 1,316 1,296 1,304 1,107 1,322 1,281 1,249 970 1,050 731 1,094 1,200 1,706 1,864.8 2,078.5 2,086.5 2,130 2,442.9 2,181.5 624.5 582.8 1,295.4 675.1 722.4 849.5 488.6 529.5 522.0 559.0 553.7 203.8 212.4 279.8 208.3 220.3 248.8
Total Assets 2,870 3,440 3,116 3,278 3,419 3,459 3,414 3,436 3,240 3,474 3,360 3,382 3,212 3,580 3,653 4,098 4,256 4,570 4,466.2 4,681.2 4,774.9 4,570 4,558.4 4,379.5 2,751.4 2,953.0 3,007.6 2,182.1 2,113.9 1,890.8 1,299.6 1,287.3 1,226.4 1,213.4 1,138.1 751.5 742.1 761.7 684.1 664.0 667.4
Total Debt 3,635 4,068 3,605 3,753 3,914 4,221 3,945 3,952 4,000 4,204 4,034 4,066 4,005 4,155 4,043 3,993 3,935 4,054 3,917.1 3,947.4 3,981.0 3,626 3,729.8 2,851.3 2,416.0 2,369.9 2,249.8 1,447.1 1,357.8 982.0 530.7 483.3 419.8 453.0 410.7 82.7 41.5 68.8 28.9 29.9 0
Stockholders' Equity (2,842) (2,782) (2,768) (2,719) (2,809) (2,755) (2,733) (2,760) (2,825) (2,707) (2,708) (2,698) (2,745) (2,550) (2,378) (2,145) (1,904) (1,619) (1,530.1) (1,541.9) (1,469.7) (1,192) (1,459.6) (787.4) (1,171.4) (944.2) (682.4) (605.4) (479.1) (330.7) (312.2) (195.5) (127.2) (48.3) 3.0 11.9 36.5 79.4 110.5 162.1 205.0
Cash Flow
Operating Cash Flow (52) 202 155 273 (96) 162 49 245 (139) 158 121 217 (147) 98 (431) (115) (226) 88.8 (130.8) 275.4 176.6 206.7 331.0 1,135.3 (256.3) (36.3) (76.4) (2.7) (81.3) 42.5 7.8 47.6 (13.1) 36.9 24.8 18.1 (46.1) 73.5 15.6 24.9 (51.2)
Capital Expenditure (25) (57) (27) (13) (5) (60) (58) (62) (54) (96) (79) (89) (87) (117) (107) (129) (105) (73.8) (72.3) (68.5) (65.4) (78.5) (76.0) (81.6) (98.3) (122.2) (104.5) (88.7) (85.5) (65.7) (66.6) (55.1) (34.5) (35.5) (43.2) (45.3) (22.9) (24.8) (29.6) (44.3) (29.4)
Free Cash Flow (77) 145 128 260 (101) 102 (9) 183 (193) 62 42 128 (234) (19) (538) (244) (331) 15.0 (203.2) 206.9 111.2 128.3 255.0 1,053.6 (354.6) (158.5) (180.9) (91.5) (166.8) (23.2) (58.8) (7.5) (47.6) 1.4 (18.5) (27.2) (69.0) 48.7 (14.0) (19.4) (80.6)