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S&P 500
28.34
-1.36%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$10.68bn
FY2016FY2025
Net income
$382.0m
FY2016FY2025
Free cash flow
$2.81bn
FY2016FY2025
Shareholders' equity
$13.90bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.68bn | $10.13bn | $9.83bn | $9.72bn | $13.88bn | $12.55bn | $10.33bn | $8.42bn | $8.67bn | $9.24bn |
| Gross profit | $3.94bn | $3.80bn | $3.66bn | $3.50bn | $5.20bn | $4.20bn | $3.72bn | $2.85bn | $2.87bn | $3.01bn |
| Operating income | $1.02bn | $1.71bn | $1.38bn | $1.24bn | $1.01bn | $605.0m | $800.0m | $1.71bn | $1.33bn | $1.30bn |
| Net income | $382.0m | $1.45bn | −$6.66bn | −$16.72bn | $417.0m | $158.0m | $298.0m | $846.0m | $1.26bn | $568.0m |
| Diluted earnings per share | 0.74 | 2.69 | -11.26 | -28.20 | 0.68 | 0.25 | 0.49 | 2.57 | 3.74 | 1.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $33.49bn | $33.78bn | $54.97bn | $63.28bn | $82.93bn | $83.84bn | $83.81bn | $23.77bn | $24.53bn | $26.03bn |
| Cash and short-term investments | $599.0m | $834.0m | $440.0m | $456.0m | $2.01bn | $1.96bn | $1.15bn | $703.0m | $665.0m | $683.0m |
| Total liabilities | $19.59bn | $18.08bn | $35.92bn | $35.87bn | $35.40bn | $34.35bn | $34.35bn | $13.55bn | $13.71bn | $16.19bn |
| Debt | $13.08bn | $11.29bn | $19.08bn | $20.14bn | $20.35bn | $20.02bn | $20.19bn | $8.98bn | $8.76bn | $10.48bn |
| Shareholders' equity | $13.90bn | $15.70bn | $19.05bn | $27.22bn | $47.35bn | $49.30bn | $49.44bn | $10.21bn | $10.71bn | $9.74bn |
| Shares outstanding | 519m | 540m | 591m | 593m | 614m | 628m | 614m | 329m | 337m | 331m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $2.96bn | $2.07bn | $4.33bn | $3.94bn | $4.81bn | $4.44bn | $2.41bn | $1.99bn | $1.74bn | $1.93bn |
| Capital spending | −$154.0m | −$97.0m | −$115.0m | −$1.39bn | −$1.25bn | −$1.13bn | −$828.0m | −$622.0m | −$613.0m | −$616.0m |
| Free cash flow | $2.81bn | $1.97bn | $4.22bn | $2.55bn | $3.56bn | $3.31bn | $1.58bn | $1.37bn | $1.13bn | $1.31bn |
| Dividends paid | −$847.0m | −$800.0m | −$1.23bn | −$1.14bn | −$961.0m | −$868.0m | −$656.0m | −$421.0m | −$385.0m | −$341.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.38bn | $3.29bn | $2.81bn | $2.94bn | $2.62bn | $2.53bn | $2.60bn | $2.57bn |
| Gross profit | $1.17bn | $1.11bn | $1.08bn | $1.25bn | $952.0m | $879.0m | $976.0m | $977.0m |
| Operating income | $507.0m | $527.0m | $631.0m | $457.0m | $560.0m | $347.0m | $494.0m | $490.0m |
| Net income | $231.0m | $2.37bn | $511.0m | $264.0m | −$470.0m | $77.0m | $281.0m | $224.0m |
| Diluted earnings per share | 0.45 | 4.58 | 0.98 | 0.51 | -0.91 | 0.15 | 0.52 | 0.41 |
| Cash from operations | $494.0m | $745.0m | $798.0m | $1.05bn | $353.0m | $760.0m | −$9.0m | $619.0m |
| Capital spending | −$256.0m | −$50.0m | −$19.0m | −$59.0m | −$39.0m | −$37.0m | −$18.0m | −$36.0m |
| Free cash flow | $238.0m | $695.0m | $779.0m | $993.0m | $314.0m | $723.0m | −$27.0m | $583.0m |
| Total assets | $44.11bn | $43.48bn | $33.49bn | $33.04bn | $33.37bn | $32.84bn | $33.78bn | $34.35bn |
| Cash and short-term investments | $744.0m | $755.0m | $599.0m | $571.0m | $581.0m | $805.0m | $834.0m | $1.32bn |
| Debt | $21.17bn | $21.06bn | $13.08bn | $13.07bn | $12.97bn | $12.09bn | $11.36bn | $11.00bn |
| Shareholders' equity | $16.04bn | $15.98bn | $13.90bn | $13.86bn | $14.17bn | $15.06bn | $15.70bn | $16.57bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 36.9% | 37.6% | 37.2% | 36.0% | 37.4% | 33.5% | — | — | — | — | — | — |
| Operating margin | 9.5% | 16.9% | 14.0% | 12.7% | 7.3% | 4.8% | — | — | — | — | — | — |
| Net margin | 3.6% | 14.3% | -67.7% | -172.0% | 3.0% | 1.3% | — | — | — | — | — | — |
| Return on equity | 2.7% | 9.2% | -34.9% | -61.4% | 0.9% | 0.3% | — | — | — | — | — | — |
| Return on assets | 1.1% | 4.3% | -12.1% | -26.4% | 0.5% | 0.2% | — | — | — | — | — | — |
| Free cash flow yield | 17.3% | 11.6% | 21.7% | 25.9% | 28.5% | 25.6% | — | — | — | — | — | — |
| Revenue growth | 5.4% | 3.0% | 1.2% | -30.0% | 10.6% | 21.5% | — | — | — | — | — | — |
| Earnings growth | -73.7% | -121.8% | -60.2% | -4109.6% | 163.9% | -47.0% | — | — | — | — | — | — |
| Current ratio | 0.59x | 0.85x | 0.75x | 0.79x | 0.74x | 0.80x | — | — | — | — | — | — |
| Debt to equity | 0.94x | 0.72x | 1.01x | 0.74x | 0.43x | 0.41x | — | — | — | — | — | — |
| Equity ratio | 41.5% | 46.5% | 34.7% | 43.0% | 57.1% | 58.8% | — | — | — | — | — | — |
| Interest coverage | 2.77x | 4.87x | 1.93x | 4.16x | 4.67x | 1.78x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 2.5% | 2.4% | 2.6% | 10.2% | 7.1% | 3.8% |
| Buybacks as a share of market value | 3.9% | 8.6% | 0.3% | 3.4% | 2.2% | -2.3% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.2% | -3.2% | 4.9% |
| Operating income | -6.4% | 10.9% | -2.2% |
| Net income | — | 19.3% | -4.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.2% | 36.9% | 36.4% | 35.4% |
| Operating margin | 13.1% | 13.2% | 10.4% | 12.1% |
| Net margin | 8.8% | -53.4% | -31.4% | -15.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 90.3 | 30.1 | -5.3 | -2.4 | 160.7 | — | 286.6 | 39.9 | 25.1 | 44.1 |
| Price to sales | 3.2 | 4.3 | 3.6 | 4.1 | 4.8 | 7.1 | 8.3 | 4.0 | 3.7 | 2.7 |
Market value over time
31 Oct 2016 to 23 Sept 2026, in USD
$24.39bn$17.92bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -18% | 34% | -11% | -36% | -25% | 1% | 40% | 4% | 24% | 28% |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 11 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.32 | 1.60 | 1.44 | 2.08 | 1.88 | 1.56 | 1.40 | 1.40 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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