WAT - Waters Corporation
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$402.75
DETAILS
HIGH:
$480.00
LOW:
$350.00
MEDIAN:
$401.00
CONSENSUS:
$402.75
UPSIDE:
18.93%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||
| Revenue | 3,165.3 | 2,958.4 | 2,956.4 | 2,972.0 | 2,785.9 | 2,365.4 | 2,406.6 | 2,419.9 | 2,309.1 | 2,167.4 | 2,042.3 | 1,989.3 | 1,904.2 | 1,843.6 | 1,851.2 | 1,643.4 | 1,498.7 | 1,575.1 | 1,473.0 | 1,280.2 | 1,158.2 | 1,104.5 | 958.2 | 890.0 | 859.2 | 795.1 | 704.4 | 618.8 | 465.5 | 391.1 | 333 |
| Cost of Revenue | 1,336.6 | 1,200.2 | 1,195.2 | 1,248.2 | 1,156.5 | 1,006.7 | 1,010.7 | 992.6 | 947.1 | 891.5 | 842.7 | 824.9 | 783.5 | 737.6 | 730.5 | 653.3 | 594.9 | 661.3 | 631.1 | 536.2 | 478.4 | 454.8 | 397.8 | 373.5 | 311.2 | 265.9 | 235.6 | 213.4 | 158.7 | 133.6 | 109.7 |
| Gross Profit | 1,828.7 | 1,758.2 | 1,761.2 | 1,723.8 | 1,629.3 | 1,358.7 | 1,395.9 | 1,427.4 | 1,362.0 | 1,276.0 | 1,199.7 | 1,164.4 | 1,120.8 | 1,106.0 | 1,120.7 | 990.1 | 903.8 | 913.9 | 841.9 | 744.0 | 679.9 | 649.7 | 560.4 | 516.5 | 548.0 | 529.2 | 468.8 | 405.4 | 306.8 | 257.5 | 223.3 |
| Operating Expenses | |||||||||||||||||||||||||||||||
| R&D Expenses | 195.2 | 183.0 | 174.9 | 176.2 | 168.4 | 140.8 | 143.0 | 143.4 | 132.6 | 125.2 | 118.5 | 107.7 | 100.5 | 96.0 | 92.3 | 84.3 | 77.2 | 81.6 | 80.6 | 77.3 | 66.9 | 65.2 | 59.2 | 51.9 | 46.6 | 42.5 | 36.1 | 34.4 | 80.8 | 20.9 | 17.7 |
| SG&A Expenses | 740.3 | 690.1 | 736.0 | 658.0 | 627.0 | 553.7 | 534.8 | 536.9 | 544.4 | 512.3 | 495.7 | 512.7 | 493.0 | 477.3 | 490.0 | 445.5 | 421.4 | 433.2 | 403.7 | 357.7 | 321.7 | 300.1 | 264.3 | 246.8 | 269.7 | 246.4 | 226.6 | 206.2 | 167.3 | 148.5 | 132.7 |
| Other Expenses | 0 | 58.7 | 32.6 | 16.2 | 12.3 | 18.7 | 9.7 | 7.3 | 22.9 | 13.4 | 17.9 | 26.1 | 9.9 | 21.3 | 9.7 | 10.4 | 10.7 | 9.3 | 8.7 | 13.9 | 8.1 | (0.5) | 17.7 | 21.3 | 82.1 | 29.4 | 29.6 | 28.4 | 21.1 | 17.8 | 16.5 |
| Operating Expenses | 935.5 | 931.8 | 943.5 | 850.4 | 807.6 | 713.2 | 687.4 | 687.6 | 699.8 | 650.9 | 632.2 | 646.5 | 603.4 | 594.5 | 592.1 | 540.1 | 509.2 | 524.1 | 493.0 | 448.9 | 396.7 | 364.9 | 341.2 | 320.1 | 398.4 | 318.3 | 292.3 | 269 | 269.2 | 187.2 | 166.9 |
| Operating Income | |||||||||||||||||||||||||||||||
| Operating Income | 893.2 | 826.4 | 817.7 | 873.4 | 821.7 | 645.5 | 708.5 | 739.8 | 662.2 | 625.0 | 567.5 | 517.9 | 517.3 | 511.5 | 528.6 | 449.9 | 394.6 | 389.8 | 348.9 | 295.2 | 283.2 | 284.9 | 219.2 | 196.4 | 149.5 | 210.8 | 176.5 | 136.4 | 37.6 | 70.3 | 56.4 |
| Interest Expense | 50.8 | 89.7 | 98.9 | 48.8 | 44.9 | 49.1 | 48.7 | 48.6 | 56.8 | 44.9 | 36.2 | 34.2 | 30.1 | 28.1 | 22.0 | 13.9 | 11.0 | 38.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 17.4 | 16.6 | 11.0 | 12.2 | 16.3 | 22.1 | 38.8 | 36.1 | 20.7 | 10.7 | 7.0 | 4.4 | 4.2 | 2.6 | 1.9 | 3.0 | 21.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||
| EBITDA | 1,011.9 | 1,036.4 | 1,001.0 | 1,017.1 | 982.8 | 785.3 | 832.2 | 839.2 | 803.9 | 741.5 | 668.1 | 619.2 | 599.9 | 584.5 | 597.6 | 514.3 | 454.9 | 476.0 | 402.2 | 349.8 | 326.8 | 326.7 | 253.9 | 241.0 | 183.5 | 240.3 | 206.1 | 164.8 | 58.7 | 88.1 | 72.9 |
| EBIT | 805.6 | 844.5 | 835.1 | 886.6 | 851.1 | 660.0 | 726.9 | 730.8 | 697.9 | 645.0 | 578.2 | 524.9 | 520.2 | 515.7 | 531.2 | 451.8 | 397.6 | 410.7 | 348.9 | 303.6 | 283.2 | 284.8 | 220.1 | 203.8 | 149.5 | 210.8 | 176.5 | 136.4 | 37.6 | 70.3 | 56.4 |
| Income Before Tax | 754.9 | 754.9 | 736.2 | 837.8 | 806.2 | 610.9 | 678.2 | 682.1 | 641.1 | 600.1 | 541.9 | 490.7 | 490.1 | 487.6 | 509.3 | 437.9 | 386.7 | 372.2 | 323.2 | 263.0 | 274.6 | 285.7 | 223.7 | 195.4 | 147.4 | 211.0 | 167.5 | 101.5 | 7.5 | 31.1 | 17.2 |
| Income Tax Expense | 112.2 | 117.0 | 94.0 | 130.1 | 113.3 | 89.3 | 86.0 | 88.4 | 620.8 | 78.6 | 72.9 | 59.1 | 40.1 | 26.2 | 76.3 | 56.1 | 63.3 | 49.7 | 55.1 | 40.8 | 72.6 | 61.6 | 52.8 | 43.2 | 32.9 | 54.8 | 45.2 | 27.1 | 15.8 | 11.2 | 3.1 |
| Net Income | 642.6 | 637.8 | 642.2 | 707.8 | 692.8 | 521.6 | 592.2 | 593.8 | 20.3 | 521.5 | 469.1 | 431.6 | 450.0 | 461.4 | 433.0 | 381.8 | 323.3 | 322.5 | 268.1 | 222.2 | 202.0 | 224.1 | 170.9 | 147.7 | 114.5 | 145.3 | 122.3 | 74.4 | (8.3) | (2.4) | 2 |
| Per Share Data | |||||||||||||||||||||||||||||||
| EPS (Basic) | 10.80 | 10.75 | 10.87 | 11.80 | 11.25 | 8.40 | 8.76 | 7.71 | 0.25 | 6.46 | 5.70 | 5.12 | 5.27 | 5.25 | 4.77 | 4.13 | 3.37 | 3.25 | 2.67 | 2.16 | 1.77 | 1.87 | 1.39 | 1.13 | 0.88 | 1.14 | 0.99 | 0.61 | -0.07 | -0.02 | 0.01 |
| EPS (Diluted) | 10.76 | 10.71 | 10.84 | 11.73 | 11.17 | 8.36 | 8.69 | 7.65 | 0.25 | 6.41 | 5.65 | 5.07 | 5.20 | 5.19 | 4.69 | 4.06 | 3.34 | 3.21 | 2.62 | 2.13 | 1.74 | 1.82 | 1.34 | 1.09 | 0.83 | 1.06 | 0.92 | 0.57 | -0.07 | -0.02 | 0.01 |
| Shares Outstanding | 59.5 | 59.3 | 59.1 | 60.0 | 61.6 | 62.1 | 67.6 | 77.0 | 79.8 | 80.8 | 82.3 | 84.4 | 85.4 | 87.8 | 90.8 | 92.4 | 95.8 | 99.2 | 100.5 | 102.7 | 114.0 | 119.6 | 123.2 | 130.5 | 130.6 | 127.6 | 123.0 | 119.7 | 116.5 | 120 | 110 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||
| Cash & Cash Equivalents | 587.8 | 324.4 | 395.1 | 480.5 | 501.2 | 436.7 | 335.7 | 796.3 | 642.3 | 505.6 | 341.1 | 428.5 | 539.1 | 356.8 | 263.3 | 226.8 | 75.5 | 3.8 | 5.5 | 3.1 | 0.6 | 3.2 |
| Short-Term Investments | 0 | 0.9 | 0.9 | 0.9 | 68.1 | 6.5 | 1.4 | 938.9 | 2,751.4 | 2,307.4 | 289.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 828.8 | 733.4 | 702.2 | 722.9 | 612.6 | 573.3 | 587.7 | 568.3 | 533.8 | 489.3 | 314.2 | 291.8 | 271.7 | 214.3 | 198.3 | 182.2 | 167.7 | 149.3 | 136.8 | 111 | 88.1 | 76.1 |
| Inventory | 572.4 | 477.3 | 516.2 | 455.7 | 356.1 | 304.3 | 320.6 | 291.6 | 270.3 | 262.7 | 178.7 | 173.1 | 139.9 | 128.8 | 111.6 | 102.7 | 87.3 | 80.4 | 80.3 | 87.4 | 47.4 | 41.5 |
| Other Current Assets | 158.6 | 133.1 | 138.5 | 103.9 | 90.9 | 80.3 | 67.1 | 68.1 | 72.3 | 70.4 | 49.2 | 63.0 | 23.2 | 15.5 | 63.3 | 11.1 | 13.3 | 13.8 | 29 | 11.6 | 7.9 | 6.5 |
| Total Current Assets | 2,147.6 | 1,669.1 | 1,752.9 | 1,763.9 | 1,628.9 | 1,401.0 | 1,312.5 | 2,663.2 | 4,270.1 | 3,635.4 | 1,172.4 | 956.3 | 973.9 | 718.4 | 657.9 | 522.7 | 343.8 | 249.2 | 251.6 | 213.1 | 144 | 127.3 |
| Non-Current Assets | ||||||||||||||||||||||
| Property, Plant & Equipment | 722.8 | 725.4 | 723.7 | 668.7 | 632.6 | 587.3 | 510.7 | 343.1 | 349.3 | 337.1 | 210.9 | 171.6 | 135.9 | 108.2 | 100.3 | 114.2 | 102.6 | 91.8 | 89 | 88.7 | 74.8 | 70.3 |
| Goodwill | 1,340.1 | 1,295.7 | 1,305.4 | 430.3 | 437.9 | 444.4 | 356.1 | 355.6 | 359.8 | 352.1 | 293.1 | 268.4 | 228.5 | 0 | 0 | 163.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 558.2 | 567.9 | 629.2 | 227.4 | 242.4 | 258.6 | 240.2 | 246.9 | 228.4 | 207.1 | 182.2 | 149.7 | 85.2 | 269.6 | 227.9 | 0 | 165.5 | 170.7 | 177.5 | 180.2 | 110.6 | 72.5 |
| Long-Term Investments | 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 | 307.8 | 295.7 | 215.7 | 191.1 | 153.1 | 148.6 | 137.5 | 118.7 | 116.7 | 130.4 | 49.4 | 77.0 | 36.8 | 34.8 | 29.0 | 86.5 | 80.5 | 74.6 | 59.6 | 70.1 | 36.1 | 29.7 |
| Total Non-Current Assets | 2,928.9 | 2,884.7 | 2,874.0 | 1,517.5 | 1,466.0 | 1,438.9 | 1,244.6 | 1,064.3 | 1,054.2 | 1,026.6 | 735.6 | 666.6 | 486.5 | 412.5 | 357.3 | 364.2 | 348.5 | 337.1 | 326.1 | 339 | 221.5 | 172.5 |
| Total Assets | 5,076.6 | 4,553.8 | 4,626.9 | 3,281.5 | 3,094.9 | 2,839.9 | 2,557.1 | 3,727.4 | 5,339.5 | 4,662.1 | 1,907.9 | 1,622.9 | 1,460.4 | 1,130.9 | 1,010.9 | 886.9 | 692.3 | 584.4 | 577.7 | 552.1 | 365.5 | 299.8 |
| Current Liabilities | ||||||||||||||||||||||
| Account Payables | 103.8 | 99.9 | 84.7 | 93.3 | 96.8 | 72.2 | 49.0 | 68.2 | 64.5 | 67.7 | 49.6 | 47.2 | 46.2 | 43.9 | 45.2 | 36.0 | 43.3 | 34.8 | 36.5 | 33.1 | 17.5 | 16.8 |
| Short-Term Debt | 460 | 0 | 50 | 50 | 0 | 150 | 100.4 | 0.2 | 100.3 | 125.3 | 131.8 | 36.1 | 206.7 | 121.3 | 7.5 | 1.1 | 4.9 | 14.2 | 4.3 | 7.4 | 1.7 | 1.9 |
| Deferred Revenue | 266.5 | 250.8 | 256.7 | 227.9 | 227.6 | 198.2 | 176.4 | 165.0 | 166.8 | 148.8 | 94.7 | 87.5 | 66.8 | 55.9 | 48.5 | 46.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 330.3 | 243.2 | 238.1 | 243.6 | 256.2 | 269.3 | 180.6 | 180.4 | 188.5 | 149.8 | 58.1 | 64.8 | 52.1 | 40.9 | 36.7 | 46.5 | 60.4 | 150.7 | 144.8 | 130.2 | 63.6 | 52.2 |
| Total Current Liabilities | 1,239.5 | 789.8 | 789.6 | 785.7 | 680.5 | 805.0 | 591.3 | 448.9 | 606.2 | 520.3 | 394.6 | 289.5 | 493.0 | 378.5 | 319.7 | 281.0 | 220.5 | 199.7 | 185.6 | 170.7 | 82.8 | 70.9 |
| Non-Current Liabilities | ||||||||||||||||||||||
| Long-Term Debt | 947.4 | 1,626.5 | 2,305.5 | 1,524.9 | 1,513.9 | 1,206.5 | 1,580.8 | 1,148.2 | 1,897.5 | 1,702.0 | 500 | 500 | 250 | 125 | 0 | 0 | 0 | 81.1 | 218.3 | 305.3 | 210.5 | 158.5 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72.6 | 80.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 275.8 | 258.7 | 322.5 | 404.2 | 473.4 | 528.1 | 534.3 | 563.1 | 586.9 | 137.8 | 91.8 | 92.1 | 38.8 | 36.9 | 30.2 | 24.2 | 20.0 | 13.3 | 14.6 | 5.7 | 7.2 | 6.1 |
| Total Non-Current Liabilities | 1,275.8 | 1,935.5 | 2,686.9 | 1,991.2 | 2,046.9 | 1,802.8 | 2,182.0 | 1,711.2 | 2,484.4 | 1,839.8 | 664.4 | 672.4 | 288.8 | 161.9 | 30.2 | 24.2 | 20.0 | 94.4 | 232.9 | 311 | 217.7 | 164.6 |
| Total Liabilities | 2,515.3 | 2,725.3 | 3,476.5 | 2,777.0 | 2,727.4 | 2,607.8 | 2,773.3 | 2,160.2 | 3,105.7 | 2,360.1 | 1,059.0 | 961.9 | 781.7 | 540.4 | 345.6 | 305.2 | 240.6 | 292.2 | 418.5 | 481.7 | 300.5 | 235.5 |
| Stockholders' Equity | ||||||||||||||||||||||
| Common Stock | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.5 | 1.5 | 1.4 | 1.4 | 1.3 | 1.3 | 1.3 | 0.6 | 0 | 0 | 0 | 0 |
| Retained Earnings | 10,431.3 | 9,788.7 | 9,150.8 | 8,508.6 | 7,800.8 | 7,108.0 | 6,587.4 | 5,995.2 | 5,405.4 | 5,385.1 | 2,236.7 | 1,913.4 | 902.6 | 678.5 | 507.6 | 359.9 | 245.4 | 100 | (21.7) | (96.1) | (87.8) | (85.4) |
| Accumulated Other Comprehensive Income | (125.5) | (155.3) | (134.1) | (141.6) | (111.9) | (117.9) | (119.5) | (118.0) | (110.1) | (216.3) | 15.6 | (8.6) | 63.6 | 45.4 | 4.4 | (12.4) | (8.2) | (4) | (45.4) | (30.1) | (19.7) | 0 |
| Total Stockholders' Equity | 2,561.2 | 1,828.5 | 1,150.3 | 504.5 | 367.6 | 232.1 | (216.3) | 1,567.3 | 2,233.8 | 2,301.9 | 848.9 | 661.0 | 678.7 | 590.5 | 665.3 | 581.7 | 451.8 | 292.2 | 159.2 | 70.4 | 65 | 64.3 |
| Total Liabilities & Equity | 5,076.6 | 4,553.8 | 4,626.9 | 3,281.5 | 3,094.9 | 2,839.9 | 2,557.1 | 3,727.4 | 5,339.5 | 4,662.1 | 1,907.9 | 1,622.9 | 1,460.4 | 1,130.9 | 1,010.9 | 886.9 | 692.3 | 584.4 | 577.7 | 552.1 | 365.5 | 299.8 |
| Debt Metrics | ||||||||||||||||||||||
| Total Debt | 1,491.1 | 1,702.3 | 2,442.3 | 1,663.4 | 1,601.4 | 1,452.5 | 1,775.2 | 1,148.3 | 1,997.8 | 1,827.3 | 631.8 | 536.1 | 456.7 | 246.3 | 7.5 | 1.1 | 4.9 | 95.3 | 222.6 | 312.7 | 212.2 | 160.4 |
| Net Debt | 903.3 | 1,377.9 | 2,047.2 | 1,182.9 | 1,100.2 | 1,015.8 | 1,439.5 | 352.1 | 1,355.5 | 1,321.6 | 290.7 | 107.6 | (82.4) | (110.5) | (255.8) | (225.7) | (70.6) | 91.5 | 217.1 | 309.6 | 211.6 | 157.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||
| Net Income | 642.6 | 637.8 | 642.2 | 707.8 | 692.8 | 521.6 | 592.2 | 593.8 | 20.3 | 521.5 | 202.0 | 224.1 | 170.9 | 147.7 | 114.5 | 156.1 | 122.3 | 74.4 | (8.3) | 19.9 | 14.1 |
| Depreciation & Amortization | 206.2 | 191.8 | 165.9 | 130.4 | 131.7 | 135.4 | 105.3 | 108.4 | 106.0 | 96.4 | 43.7 | 41.9 | 33.8 | 37.2 | 34.0 | 29.4 | 29.6 | 28.4 | 21.1 | 17.8 | 16.5 |
| Stock-Based Compensation | 54.1 | 44.7 | 36.9 | 42.6 | 29.9 | 36.9 | 38.6 | 37.5 | 39.4 | 41.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (250.4) | (111.4) | (240.3) | (269.1) | (107.2) | 96.7 | (93.0) | (135.3) | 531.9 | (31.9) | 21.0 | (53.7) | (71.4) | 4.4 | 26.2 | (9.3) | (15.3) | (6.7) | 9.4 | 2.7 | 8.8 |
| Other Non-Cash Items | 0 | 0 | (0.7) | 32.0 | (16.6) | 2.7 | (9.6) | (2.4) | (45.5) | 0.9 | 21.2 | 45.7 | 29.6 | 31.1 | 12.6 | 3.8 | 0.2 | 0.2 | 8.4 | 15.3 | 6.8 |
| Operating Cash Flow | 652.6 | 762.1 | 602.8 | 611.7 | 747.3 | 790.5 | 643.1 | 604.4 | 697.6 | 629.1 | 298.1 | 259.4 | 157.0 | 219.6 | 189.2 | 175.6 | 150.2 | 110.2 | 96.4 | 55.7 | 46.2 |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditure | (112.7) | (142.5) | (160.6) | (183.5) | (168.3) | (172.4) | (163.8) | (127.6) | (90.5) | (95.0) | (51.0) | (66.2) | (34.6) | (38.0) | (42.4) | (35.4) | (21.8) | (18.2) | (179.2) | (10.1) | (6.3) |
| Acquisitions | (35.1) | (1.5) | (1,282.4) | (1.4) | 7 | (86.7) | 8.8 | (31.5) | (2,515.1) | (5.6) | 0 | (42.4) | (35.2) | (5.9) | (2.6) | (1.7) | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (7.3) | (3.7) | (1.8) | (11.4) | (63.4) | (32.0) | (8.8) | (7.6) | (445.3) | (2,396.0) | 0 | 0 | 0 | 0 | 0 | (15.2) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 3.7 | 2.5 | 86.9 | 218.1 | 20.9 | 941.5 | 1,818.5 | 2,522.1 | 2,004.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 2.8 | 0 | 0 | 1.4 | (225.1) | 6.1 | (8.8) | 31.5 | (7) | 4 | 0 | 0 | 51.1 | (14.5) | (3.3) | 0.6 | (3.9) | (5.4) | (5.3) | (83) | (8.2) |
| Investing Cash Flow | (152.3) | (144.0) | (1,442.3) | (108.0) | (231.6) | (264.1) | 768.8 | 1,683.3 | (535.8) | (487.9) | (51.0) | (108.6) | (18.7) | (58.3) | (48.3) | (51.7) | (25.7) | (23.6) | (184.5) | (93.1) | (14.5) |
| Financing Activities | |||||||||||||||||||||
| Net Debt Issuance | (243.3) | (730) | 780 | 60 | 160 | (325.4) | 535.2 | (850.2) | 170.0 | 160.0 | 369.2 | 208.8 | 238.4 | 0.9 | 3.1 | (75.2) | (127.2) | (90.2) | 87.5 | 33.4 | (115.8) |
| Stock Repurchased | (14.7) | (13.5) | (70.3) | (626.1) | (648.9) | (196.4) | (2,469.3) | (1,315.1) | (332.5) | (325.8) | (659.3) | (231.3) | (324.6) | (99.3) | 0 | 0 | (9.5) | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (16.2) |
| Other Financing Activities | (0.0) | 46.9 | 45.2 | 56.4 | 50.7 | 81.3 | 61.4 | 45.7 | 98.7 | 63.9 | 1.3 | (1.0) | (5.3) | (1.4) | 0 | 0 | (0.1) | 0 | 1.1 | 0 | 0 |
| Financing Cash Flow | (237.2) | (696.7) | 755.0 | (509.6) | (438.3) | (440.5) | (1,872.7) | (2,119.5) | (63.9) | (101.9) | (272.0) | 21.5 | (63.6) | (138.7) | 12.1 | (51.4) | (125.6) | (83.6) | 91.1 | 34.7 | (45.8) |
| Cash Position | |||||||||||||||||||||
| Net Change in Cash | 262.5 | (70.7) | (85.5) | (20.7) | 64.5 | 101.0 | (460.6) | 154.0 | 136.7 | 18.0 | (45.5) | 182.3 | 93.5 | 36.5 | 151.3 | 71.7 | (1.7) | 2.4 | 2.6 | (2.6) | (13.5) |
| Cash at Beginning | 325.4 | 395.1 | 480.5 | 501.2 | 436.7 | 335.7 | 796.3 | 642.3 | 505.6 | 487.7 | 539.1 | 356.8 | 263.3 | 226.8 | 75.5 | 3.8 | 5.5 | 3.1 | 0.6 | 3.2 | 16.7 |
| Cash at End | 587.8 | 324.4 | 395.1 | 480.5 | 501.2 | 436.7 | 335.7 | 796.3 | 642.3 | 505.6 | 493.6 | 539.1 | 356.8 | 263.3 | 226.8 | 75.5 | 3.8 | 5.5 | 3.2 | 0.6 | 3.2 |
| Free Cash Flow | 539.8 | 619.6 | 442.2 | 428.2 | 579.0 | 618.1 | 479.3 | 476.9 | 607.2 | 534.1 | 247.0 | 193.2 | 122.4 | 181.7 | 146.7 | 140.2 | 128.4 | 92 | (82.8) | 45.6 | 39.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||
| Revenue | 3,165.3 | 2,958.4 | 2,956.4 | 2,972.0 | 2,785.9 | 2,365.4 | 2,406.6 | 2,419.9 | 2,309.1 | 2,167.4 | 2,042.3 | 1,989.3 | 1,904.2 | 1,843.6 | 1,851.2 | 1,643.4 | 1,498.7 | 1,575.1 | 1,473.0 | 1,280.2 | 1,158.2 | 1,104.5 | 958.2 | 890.0 | 859.2 | 795.1 | 704.4 | 618.8 | 465.5 | 391.1 | 333 |
| Gross Profit | 1,828.7 | 1,758.2 | 1,761.2 | 1,723.8 | 1,629.3 | 1,358.7 | 1,395.9 | 1,427.4 | 1,362.0 | 1,276.0 | 1,199.7 | 1,164.4 | 1,120.8 | 1,106.0 | 1,120.7 | 990.1 | 903.8 | 913.9 | 841.9 | 744.0 | 679.9 | 649.7 | 560.4 | 516.5 | 548.0 | 529.2 | 468.8 | 405.4 | 306.8 | 257.5 | 223.3 |
| Operating Income | 893.2 | 826.4 | 817.7 | 873.4 | 821.7 | 645.5 | 708.5 | 739.8 | 662.2 | 625.0 | 567.5 | 517.9 | 517.3 | 511.5 | 528.6 | 449.9 | 394.6 | 389.8 | 348.9 | 295.2 | 283.2 | 284.9 | 219.2 | 196.4 | 149.5 | 210.8 | 176.5 | 136.4 | 37.6 | 70.3 | 56.4 |
| Net Income | 642.6 | 637.8 | 642.2 | 707.8 | 692.8 | 521.6 | 592.2 | 593.8 | 20.3 | 521.5 | 469.1 | 431.6 | 450.0 | 461.4 | 433.0 | 381.8 | 323.3 | 322.5 | 268.1 | 222.2 | 202.0 | 224.1 | 170.9 | 147.7 | 114.5 | 145.3 | 122.3 | 74.4 | (8.3) | (2.4) | 2 |
| EPS (Diluted) | 10.76 | 10.71 | 10.84 | 11.73 | 11.17 | 8.36 | 8.69 | 7.65 | 0.25 | 6.41 | 5.65 | 5.07 | 5.20 | 5.19 | 4.69 | 4.06 | 3.34 | 3.21 | 2.62 | 2.13 | 1.74 | 1.82 | 1.34 | 1.09 | 0.83 | 1.06 | 0.92 | 0.57 | -0.07 | -0.02 | 0.01 |
| Balance Sheet | |||||||||||||||||||||||||||||||
| Cash & Equivalents | 587.8 | 324.4 | 395.1 | 480.5 | 501.2 | 436.7 | 335.7 | 796.3 | 642.3 | 505.6 | 341.1 | 428.5 | 539.1 | 356.8 | 263.3 | 226.8 | 75.5 | 3.8 | 5.5 | 3.1 | 0.6 | 3.2 | |||||||||
| Total Assets | 5,076.6 | 4,553.8 | 4,626.9 | 3,281.5 | 3,094.9 | 2,839.9 | 2,557.1 | 3,727.4 | 5,339.5 | 4,662.1 | 1,907.9 | 1,622.9 | 1,460.4 | 1,130.9 | 1,010.9 | 886.9 | 692.3 | 584.4 | 577.7 | 552.1 | 365.5 | 299.8 | |||||||||
| Total Debt | 1,491.1 | 1,702.3 | 2,442.3 | 1,663.4 | 1,601.4 | 1,452.5 | 1,775.2 | 1,148.3 | 1,997.8 | 1,827.3 | 631.8 | 536.1 | 456.7 | 246.3 | 7.5 | 1.1 | 4.9 | 95.3 | 222.6 | 312.7 | 212.2 | 160.4 | |||||||||
| Stockholders' Equity | 2,561.2 | 1,828.5 | 1,150.3 | 504.5 | 367.6 | 232.1 | (216.3) | 1,567.3 | 2,233.8 | 2,301.9 | 848.9 | 661.0 | 678.7 | 590.5 | 665.3 | 581.7 | 451.8 | 292.2 | 159.2 | 70.4 | 65 | 64.3 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||
| Operating Cash Flow | 652.6 | 762.1 | 602.8 | 611.7 | 747.3 | 790.5 | 643.1 | 604.4 | 697.6 | 629.1 | 298.1 | 259.4 | 157.0 | 219.6 | 189.2 | 175.6 | 150.2 | 110.2 | 96.4 | 55.7 | 46.2 | ||||||||||
| Capital Expenditure | (112.7) | (142.5) | (160.6) | (183.5) | (168.3) | (172.4) | (163.8) | (127.6) | (90.5) | (95.0) | (51.0) | (66.2) | (34.6) | (38.0) | (42.4) | (35.4) | (21.8) | (18.2) | (179.2) | (10.1) | (6.3) | ||||||||||
| Free Cash Flow | 539.8 | 619.6 | 442.2 | 428.2 | 579.0 | 618.1 | 479.3 | 476.9 | 607.2 | 534.1 | 247.0 | 193.2 | 122.4 | 181.7 | 146.7 | 140.2 | 128.4 | 92 | (82.8) | 45.6 | 39.9 | ||||||||||