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S&P 500
35.53
+2.90%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$24.90bn
FY2016FY2025
Net income
−$3.52bn
FY2016FY2025
Free cash flow
−$159.0m
FY2016FY2025
Shareholders' equity
$14.83bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.90bn | $18.62bn | $18.92bn | $21.16bn | $19.36bn | $17.57bn | $18.32bn | $23.31bn | $21.74bn | $19.50bn |
| Gross profit | $7.35bn | $5.24bn | $3.85bn | $6.02bn | $5.53bn | $4.18bn | $5.65bn | $7.75bn | $6.94bn | $6.08bn |
| Research and development | — | — | — | — | — | — | $29.0m | $30.0m | $28.0m | $730.0m |
| Operating income | −$2.98bn | $476.0m | $599.0m | $1.75bn | $1.47bn | $850.0m | $1.74bn | $2.96bn | $2.37bn | $1.49bn |
| Net income | −$3.52bn | $557.0m | $302.0m | $1.50bn | $1.75bn | $230.0m | $1.23bn | $2.01bn | $2.14bn | $904.0m |
| Diluted earnings per share | -6.66 | 1.60 | 0.87 | 4.25 | 4.53 | 0.58 | 3.10 | 4.95 | 5.13 | 2.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $37.96bn | $22.80bn | $23.26bn | $23.94bn | $25.24bn | $31.72bn | $33.47bn | $33.58bn | $33.90bn | $33.09bn |
| Cash and short-term investments | $1.15bn | $1.17bn | $1.11bn | $804.0m | $1.54bn | $5.32bn | $511.0m | $589.0m | $1.02bn | $1.03bn |
| Total liabilities | $23.14bn | $14.63bn | $14.91bn | $15.44bn | $16.16bn | $23.85bn | $25.75bn | $26.19bn | $27.36bn | $28.99bn |
| Debt | $9.83bn | $5.56bn | $5.59bn | $5.58bn | $5.58bn | $8.09bn | $9.77bn | $10.65bn | $11.16bn | $11.31bn |
| Shareholders' equity | $14.83bn | $8.17bn | $8.36bn | $8.50bn | $9.08bn | $7.85bn | $7.71bn | $7.36bn | $6.52bn | $4.34bn |
| Shares outstanding | 528m | 347m | 346m | 354m | 387m | 396m | 396m | 407m | 418m | 416m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.70bn | $1.68bn | $1.83bn | $2.17bn | $2.03bn | $3.06bn | $3.61bn | $3.23bn | $1.76bn | $2.48bn |
| Capital spending | −$1.86bn | −$921.0m | −$1.14bn | −$931.0m | −$549.0m | −$751.0m | −$1.28bn | −$1.57bn | −$1.39bn | −$1.35bn |
| Free cash flow | −$159.0m | $757.0m | $692.0m | $1.24bn | $1.48bn | $2.31bn | $2.33bn | $1.65bn | $366.0m | $1.13bn |
| Dividends paid | −$977.0m | −$643.0m | −$642.0m | −$673.0m | −$910.0m | −$806.0m | −$796.0m | −$789.0m | −$769.0m | −$733.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.00bn | $5.97bn | $6.01bn | $6.22bn | $6.77bn | $5.90bn | $4.58bn | $4.69bn |
| Gross profit | $1.66bn | $1.24bn | $1.88bn | $1.94bn | $1.89bn | $1.64bn | $1.33bn | $1.34bn |
| Operating income | $45.0m | $250.0m | −$2.56bn | −$591.0m | $206.0m | −$35.0m | −$72.0m | $186.0m |
| Net income | −$12.0m | $60.0m | −$2.38bn | −$1.10bn | $75.0m | −$105.0m | −$147.0m | $150.0m |
| Diluted earnings per share | -0.02 | 0.11 | -4.52 | -2.09 | 0.14 | -0.20 | -0.42 | 0.43 |
| Cash from operations | $526.0m | $611.0m | $905.0m | $605.0m | $476.0m | −$288.0m | $397.0m | $521.0m |
| Capital spending | −$533.0m | −$517.0m | −$650.0m | −$455.0m | −$422.0m | −$330.0m | −$260.0m | −$212.0m |
| Free cash flow | −$7.0m | $94.0m | $255.0m | $150.0m | $54.0m | −$618.0m | $137.0m | $309.0m |
| Total assets | $36.52bn | $36.43bn | $37.96bn | $40.57bn | $42.38bn | $41.17bn | $22.80bn | $23.16bn |
| Cash and short-term investments | $726.0m | $1.24bn | $1.15bn | $995.0m | $1.14bn | $1.16bn | $1.17bn | $1.16bn |
| Debt | $9.22bn | $9.09bn | $9.83bn | $12.09bn | $9.92bn | $9.62bn | $5.56bn | $5.57bn |
| Shareholders' equity | $14.46bn | $14.81bn | $14.83bn | $17.32bn | $18.62bn | $18.09bn | $8.17bn | $8.63bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 29.5% | 28.2% | 20.4% | 28.4% | 28.6% | 23.8% | — | — | — | — | — | — |
| Operating margin | -12.0% | 2.6% | 3.2% | 8.3% | 7.6% | 4.8% | — | — | — | — | — | — |
| Net margin | -14.1% | 3.0% | 1.6% | 7.1% | 9.0% | 1.3% | — | — | — | — | — | — |
| Return on equity | -23.7% | 6.8% | 3.6% | 17.7% | 19.3% | 2.9% | — | — | — | — | — | — |
| Return on assets | -9.3% | 2.4% | 1.3% | 6.3% | 6.9% | 0.7% | — | — | — | — | — | — |
| Free cash flow yield | 18.7% | 20.8% | 23.9% | 24.4% | 18.5% | 26.8% | — | — | — | — | — | — |
| Revenue growth | 33.7% | -1.6% | -10.6% | 9.3% | 10.2% | -4.1% | — | — | — | — | — | — |
| Earnings growth | -731.2% | 84.4% | -79.9% | -14.2% | 661.7% | -81.2% | — | — | — | — | — | — |
| Current ratio | 1.28x | 1.51x | 1.67x | 1.35x | 1.71x | 1.36x | — | — | — | — | — | — |
| Debt to equity | 0.66x | 0.68x | 0.67x | 0.66x | 0.61x | 1.83x | — | — | — | — | — | — |
| Equity ratio | 39.1% | 35.8% | 35.9% | 35.5% | 36.0% | 24.8% | — | — | — | — | — | — |
| Interest coverage | -8.01x | 1.11x | 1.42x | 4.35x | 3.41x | 1.43x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.2% | 0.1% | 0.1% | 3.7% | 0.1% | 0.1% |
| Buybacks as a share of market value | -52.0% | -0.3% | 2.1% | 8.6% | 2.2% | -0.1% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.6% | 7.2% | 1.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.9% | 26.9% | 26.7% | 29.0% |
| Operating margin | -5.8% | -0.2% | 1.8% | 5.8% |
| Net margin | -6.8% | -1.4% | 0.7% | 3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.9 | 33.6 | 41.5 | 8.1 | 10.4 | 81.0 | 14.1 | 7.7 | 10.7 | 23.1 |
| Price to sales | 0.8 | 1.0 | 0.7 | 0.6 | 0.9 | 1.1 | 0.9 | 0.7 | 1.1 | 1.1 |
Market value over time
31 Oct 2016 to 22 Sept 2026, in USD
$16.76bn$18.91bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -28% | 46% | 6% | -22% | -5% | 7% | 17% | -32% | 7% | 43% |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 14 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.389 | 1.85 | 1.85 | 1.85 | 1.85 | 2.00 | 2.05 | 2.013 |
- 2-for-1 split · 18 Sept 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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