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Information Technology · IT Services · US listing · 🇺🇸 United States
S&P 500
457.97
+0.62%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$4.53bn
FY2016FY2025
Net income
$1.07bn
FY2016FY2025
Free cash flow
$1.30bn
FY2016FY2025
Shareholders' equity
$3.88bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.53bn | $3.97bn | $3.76bn | $3.43bn | $2.83bn | $2.39bn | $2.65bn | $2.43bn | $2.25bn | $1.83bn |
| Gross profit | $3.17bn | $3.11bn | $2.94bn | $2.66bn | $2.27bn | $1.79bn | $2.12bn | $1.95bn | $1.82bn | $1.48bn |
| Research and development | — | — | — | — | — | $40.2m | $37.2m | $24.2m | $21.8m | $17.7m |
| Operating income | $1.95bn | $1.79bn | $1.66bn | $1.45bn | $1.24bn | $972.3m | $1.23bn | $1.09bn | $883.8m | $754.2m |
| Net income | $1.07bn | $1.00bn | $981.9m | $954.3m | $839.5m | $704.2m | $895.1m | $811.5m | $740.2m | $452.4m |
| Diluted earnings per share | 15.26 | 14.05 | 13.36 | 12.85 | 10.24 | 8.20 | 9.90 | 8.95 | 7.99 | 4.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $26.41bn | $17.96bn | $15.48bn | $14.09bn | $13.40bn | $11.19bn | $12.25bn | $11.20bn | $11.32bn | $9.63bn |
| Cash and short-term investments | $8.99bn | $1.55bn | $1.39bn | $1.44bn | $1.52bn | $934.9m | $1.27bn | $1.03bn | $913.6m | $475.0m |
| Total liabilities | $22.18bn | $14.81bn | $12.19bn | $11.55bn | $10.54bn | $7.84bn | $8.54bn | $7.86bn | $7.64bn | $6.54bn |
| Debt | $10.00bn | $8.00bn | $6.72bn | $7.04bn | $5.98bn | $4.33bn | $5.04bn | $4.82bn | $4.52bn | $3.86bn |
| Shareholders' equity | $3.88bn | $3.12bn | $3.28bn | $2.54bn | $2.87bn | $3.36bn | $3.71bn | $3.34bn | $3.68bn | $3.08bn |
| Shares outstanding | 70m | 71m | 73m | 74m | 82m | 86m | 90m | 91m | 93m | 95m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.50bn | $1.94bn | $2.10bn | $754.8m | $1.20bn | $1.47bn | $1.16bn | $903.4m | $680.1m | $708.2m |
| Capital spending | −$200.8m | −$175.2m | −$153.8m | −$151.4m | −$111.5m | −$78.4m | −$75.2m | −$81.4m | −$70.1m | −$59.0m |
| Free cash flow | $1.30bn | $1.77bn | $1.95bn | $603.4m | $1.09bn | $1.39bn | $1.09bn | $822.0m | $610.0m | $649.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.34bn | $1.26bn | $1.25bn | $1.17bn | $1.10bn | $1.01bn | $1.03bn | $1.03bn |
| Gross profit | $1.06bn | $916.5m | $871.6m | $830.6m | $863.5m | $783.8m | $805.7m | $805.5m |
| Operating income | $471.2m | $543.1m | $511.0m | $523.1m | $479.4m | $427.1m | $488.3m | $468.1m |
| Net income | $248.3m | $350.1m | $264.5m | $277.9m | $284.2m | $243.2m | $246.0m | $276.4m |
| Diluted earnings per share | 3.74 | 5.28 | 3.77 | 3.96 | 4.05 | 3.47 | 3.44 | 3.87 |
| Cash from operations | $1.47bn | −$56.0m | $812.0m | −$378.0m | $1.14bn | −$74.0m | $648.0m | $400.0m |
| Capital spending | −$54.0m | −$51.0m | −$52.0m | −$50.0m | −$52.0m | −$44.0m | −$44.0m | −$45.0m |
| Free cash flow | $1.42bn | −$107.0m | $760.0m | −$428.0m | $1.09bn | −$118.0m | $604.0m | $355.0m |
| Total assets | $28.22bn | $26.66bn | $26.41bn | $19.74bn | $20.44bn | $18.55bn | $17.96bn | $17.64bn |
| Cash and short-term investments | $3.16bn | $8.82bn | $8.99bn | $2.01bn | $2.19bn | $1.55bn | $1.55bn | $1.30bn |
| Debt | $4.53bn | $10.36bn | $10.03bn | $8.12bn | $8.12bn | $8.17bn | $8.00bn | $7.76bn |
| Shareholders' equity | $3.54bn | $3.51bn | $3.88bn | $4.08bn | $3.93bn | $3.45bn | $3.12bn | $3.09bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 69.9% | 78.1% | 78.2% | 77.7% | 80.2% | 75.0% | — | — | — | — | — |
| Operating margin | 43.1% | 45.0% | 44.1% | 42.2% | 43.8% | 40.7% | — | — | — | — | — |
| Net margin | 23.6% | 25.3% | 26.1% | 27.8% | 29.6% | 29.5% | — | — | — | — | — |
| Return on equity | 27.5% | 32.1% | 29.9% | 37.5% | 29.3% | 21.0% | — | — | — | — | — |
| Return on assets | 4.1% | 5.6% | 6.3% | 6.8% | 6.3% | 6.3% | — | — | — | — | — |
| Free cash flow yield | 6.1% | 7.5% | 7.8% | 3.1% | 4.0% | 4.6% | — | — | — | — | — |
| Revenue growth | 13.9% | 5.8% | 9.6% | 20.9% | 18.6% | -9.8% | — | — | — | — | — |
| Earnings growth | 6.6% | 2.2% | 2.9% | 13.7% | 19.2% | -21.3% | — | — | — | — | — |
| Current ratio | 0.98x | 1.00x | 1.04x | 1.01x | 1.04x | 1.00x | — | — | — | — | — |
| Debt to equity | 2.58x | 2.56x | 2.05x | 2.77x | 2.09x | 1.28x | — | — | — | — | — |
| Equity ratio | 14.7% | 17.4% | 21.2% | 18.0% | 21.4% | 30.0% | — | — | — | — | — |
| Interest coverage | 4.83x | 4.67x | 4.75x | 8.79x | 10.93x | 7.49x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | 1.7% | 1.4% | 1.0% | 1.0% | 1.0% | 0.7% |
| Buybacks as a share of market value | 1.9% | 2.7% | 1.0% | 9.4% | 4.5% | 5.1% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.7% | 13.6% | 10.3% |
| Operating income | 10.5% | 15.0% | 11.3% |
| Net income | 3.9% | 8.7% | 11.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 73.8% | 75.7% | 76.2% | 77.6% |
| Operating margin | 44.0% | 43.6% | 43.3% | 43.1% |
| Net margin | 24.4% | 25.6% | 26.6% | 27.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.7 | 24.1 | 21.1 | 14.3 | 21.9 | 33.3 | 29.1 | 20.8 | 24.1 | 29.8 |
| Price to sales | 4.7 | 6.1 | 5.5 | 4.0 | 6.5 | 9.8 | 9.8 | 6.9 | 7.9 | 7.4 |
Market value over time
31 Oct 2016 to 23 Sept 2026, in USD
$16.65bn$26.21bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -10% | 22% | 56% | -15% | -22% | -6% | 63% | -6% | 32% | 2% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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