P 
195.87
+0.41%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$2.74bn
FY2016FY2025
Net income
$734.0m
FY2016FY2025
Free cash flow
$856.7m
FY2016FY2025
Shareholders' equity
$3.83bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.74bn | $2.30bn | $2.10bn | $1.93bn | $1.81bn | $1.46bn | $1.26bn | $1.24bn | $1.16bn | $1.14bn |
| Gross profit | $2.29bn | $1.85bn | $1.66bn | $1.55bn | $1.44bn | $1.12bn | $930.3m | $915.6m | $835.0m | $814.9m |
| Research and development | $457.7m | $433.0m | $394.4m | $338.8m | $299.9m | $256.6m | $246.9m | $249.8m | $236.1m | $229.3m |
| Operating income | $982.4m | $588.1m | $458.5m | $447.4m | $429.4m | $210.9m | $59.2m | $73.2m | $40.9m | −$37.3m |
| Net income | $734.0m | $376.3m | $245.5m | $313.1m | $476.9m | $130.7m | −$27.5m | $52.0m | $6.2m | −$54.5m |
| Diluted earnings per share | 6.12 | 3.11 | 2.04 | 2.64 | 4.02 | 1.11 | -0.24 | 0.43 | 0.05 | -0.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $6.62bn | $6.38bn | $6.29bn | $4.69bn | $4.51bn | $3.38bn | $2.66bn | $2.33bn | $2.36bn | $2.35bn |
| Cash and short-term investments | $184.4m | $265.8m | $288.1m | $272.2m | $326.5m | $303.6m | $297.5m | $285.8m | $330.3m | $327.6m |
| Total liabilities | $2.79bn | $3.17bn | $3.61bn | $2.39bn | $2.47bn | $1.94bn | $1.46bn | $1.45bn | $1.47bn | $1.51bn |
| Debt | $1.20bn | $1.75bn | $1.70bn | $1.35bn | $1.44bn | $1.01bn | $669.1m | $643.3m | $712.4m | $751.6m |
| Shareholders' equity | $3.83bn | $3.21bn | $2.68bn | $2.30bn | $2.04bn | $1.44bn | $1.20bn | $874.6m | $885.4m | $842.7m |
| Shares outstanding | 120m | 121m | 120m | 119m | 119m | 118m | 116m | 120m | 118m | 115m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $867.7m | $750.0m | $610.9m | $435.3m | $368.8m | $233.8m | $285.1m | $247.8m | $134.6m | $183.2m |
| Capital spending | −$11.0m | −$18.4m | −$24.6m | −$25.9m | −$25.3m | −$31.2m | −$64.4m | −$39.0m | −$25.4m | −$26.2m |
| Free cash flow | $856.7m | $731.6m | $586.2m | $409.4m | $343.5m | $202.6m | $220.7m | $208.8m | $109.1m | $157.0m |
| Dividends paid | — | — | −$82.4m | — | −$600.4m | −$33.7m | −$205.0m | −$250.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $600.0m | $774.3m | $685.8m | $893.8m | $643.9m | $636.4m | $565.1m | $626.5m |
| Gross profit | $490.5m | $648.7m | $568.1m | $776.9m | $533.9m | $530.1m | $453.3m | $513.7m |
| Operating income | $166.5m | $309.9m | $221.1m | $433.6m | $209.8m | $223.5m | $115.2m | $194.0m |
| Net income | $118.8m | $590.7m | $166.5m | $347.8m | $141.3m | $162.6m | $82.2m | $126.5m |
| Diluted earnings per share | 1.03 | 5.14 | 1.39 | 2.90 | 1.18 | 1.36 | 0.68 | 1.04 |
| Cash from operations | $260.0m | $320.0m | $269.0m | $104.0m | $243.0m | $281.0m | $238.0m | $98.0m |
| Capital spending | −$11.0m | −$2.0m | −$2.0m | −$3.0m | −$1.0m | −$2.0m | −$2.0m | −$8.0m |
| Free cash flow | $249.0m | $318.0m | $267.0m | $101.0m | $242.0m | $279.0m | $236.0m | $90.0m |
| Total assets | $6.51bn | $6.54bn | $6.43bn | $6.62bn | $6.23bn | $6.16bn | $6.08bn | $6.38bn |
| Cash and short-term investments | $351.5m | $439.1m | $210.3m | $184.4m | $199.3m | $235.2m | $196.3m | $265.8m |
| Debt | $1.45bn | $1.22bn | $1.22bn | $1.22bn | $1.26bn | $1.41bn | $1.57bn | $1.77bn |
| Shareholders' equity | $3.47bn | $3.86bn | $3.84bn | $3.83bn | $3.51bn | $3.39bn | $3.23bn | $3.21bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 83.8% | 80.6% | 79.0% | 80.0% | 79.5% | 77.1% |
| Operating margin | 35.9% | 25.6% | 21.9% | 23.1% | 23.8% | 14.5% |
| Net margin | 26.8% | 16.4% | 11.7% | 16.2% | 26.4% | 9.0% |
| Return on equity | 19.2% | 11.7% | 9.2% | 13.6% | 23.4% | 9.1% |
| Return on assets | 11.1% | 5.9% | 3.9% | 6.7% | 10.6% | 3.9% |
| Free cash flow yield | 5.3% | 4.6% | 3.8% | 2.8% | 2.4% | 1.6% |
| Revenue growth | 19.2% | 9.6% | 8.5% | 7.0% | 23.9% | 16.1% |
| Earnings growth | 95.0% | 53.3% | -21.6% | -34.4% | 264.9% | -575.9% |
| Current ratio | 1.12x | 0.78x | 0.76x | 1.35x | 1.38x | 1.22x |
| Debt to equity | 0.32x | 0.55x | 0.65x | 0.60x | 0.72x | 0.72x |
| Equity ratio | 57.8% | 50.4% | 42.6% | 49.0% | 45.2% | 42.5% |
| Interest coverage | 12.76x | 4.91x | 3.54x | 8.24x | 8.51x | 2.76x |
| R&D as a share of sales | 16.7% | 18.8% | 18.8% | 17.5% | 16.6% | 17.6% |
| Buybacks as a share of market value | 1.0% | -0.7% | -1.2% | -0.2% | -0.8% | -1.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.3% | 13.4% | 8.1% |
| Operating income | 30.0% | 36.0% | 33.1% |
| Net income | 32.8% | 41.2% | 28.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 82.3% | 81.1% | 80.4% | 77.9% |
| Operating margin | 31.2% | 27.3% | 25.3% | 18.0% |
| Net margin | 22.0% | 18.4% | 18.5% | 12.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 28.5 | 59.2 | 85.7 | 45.5 | 30.1 | 107.6 | -315.5 | 190.8 | — | -97.9 |
| Price to sales | 7.6 | 9.7 | 10.0 | 7.4 | 8.0 | 9.7 | 6.9 | 8.0 | 6.1 | 4.7 |
Market value over time
31 Oct 2016 to 25 Sept 2026, in USD
$5.45bn$15.88bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -7% | 10% | 40% | 2% | -0% | 62% | -9% | 37% | 26% | 40% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-2 reverse split · 28 Feb 2006
- 2-for-1 split · 9 Mar 1998
- 2-for-1 split · 1 Mar 1996
- 2-for-1 split · 26 Feb 1993
- 2-for-1 split · 26 Feb 1992
- 3-for-2 split · 28 Jun 1991
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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