Financial Statements
In thousands, USD
| FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|
| Total Revenues | 9,028,000 | 8,452,000 | 8,252,000 | 8,012,000 |
| Cost of Sales | 3,892,000 | 3,736,000 | 3,814,000 | 3,911,000 |
| Gross Profit | 5,136,000 | 4,716,000 | 4,438,000 | 4,101,000 |
| Selling, General & Administrative Expenses | 3,509,000 | 3,301,000 | 3,197,000 | 3,012,000 |
| Depreciation & Amortization Expenses | 485,000 | 459,000 | 440,000 | 415,000 |
| Other Operating Expenses | 113,000 | 132,000 | 133,000 | 121,000 |
| Operating Profit | 1,029,000 | 824,000 | 668,000 | 553,000 |
| Interest and Investment Income | (8,000) | (15,000) | (6,000) | (176,000) |
| Non-Operating Income | 25,000 | 114,000 | (77,000) | 3,000 |
| Total Non-Operating Income | 17,000 | 99,000 | (83,000) | (173,000) |
| Income Before Provision for Income Taxes | 1,046,000 | 923,000 | 585,000 | 380,000 |
| Provision for Income Taxes | 303,000 | 275,000 | 206,000 | 152,000 |
| Consolidated Net Income | 743,000 | 648,000 | 379,000 | 228,000 |
| Net Income Attributable to Minority Interests and Other | 170,000 | 160,000 | 88,000 | 38,000 |
| Net Income Attributable to Discontinued Operations | — | 692,000 | (25,000) | (41,000) |
| Net Income Attributable to Common Shareholders | 573,000 | 1,180,000 | 266,000 | 149,000 |
| Basic EPS | 1.03 | 2.08 | 0.47 | 0.28 |
| Diluted EPS | 1.03 | 2.07 | 0.46 | 0.28 |
| Basic Weighted Average Shares Outstanding | 556,500 | 567,700 | 571,200 | 576,400 |
| Diluted Weighted Average Shares Outstanding | 558,400 | 569,900 | 573,500 | 578,800 |
| Shares Outstanding | 543,421 | 565,386 | 569,000 | 572,000 |
| FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|
| Cash and Cash Equivalents | 2,095,000 | 2,403,000 | 1,872,000 | 1,833,000 |
| Total Cash and Cash Equivalents | 2,095,000 | 2,403,000 | 1,872,000 | 1,833,000 |
| Accounts Receivable | 1,757,000 | 1,562,000 | 1,420,000 | 1,425,000 |
| Total Trade Receivables | 1,757,000 | 1,562,000 | 1,420,000 | 1,425,000 |
| Inventories | 302,000 | 327,000 | 266,000 | 311,000 |
| Other Current Assets | 328,000 | 519,000 | 814,000 | 484,000 |
| Total Current Assets | 4,482,000 | 4,811,000 | 4,372,000 | 4,053,000 |
| Net Property, Plant & Equipment | 2,152,000 | 2,120,000 | 2,077,000 | 3,078,000 |
| Net Intangible Assets | 1,837,000 | 1,930,000 | 1,948,000 | 2,489,000 |
| Goodwill | 4,542,000 | 4,373,000 | 4,336,000 | 5,140,000 |
| Long-Term Investments | 1,002,000 | 1,016,000 | 429,000 | 427,000 |
| Other Long-Term Assets | 1,529,000 | 1,254,000 | 3,522,000 | 1,734,000 |
| Total Assets | 15,544,000 | 15,504,000 | 16,684,000 | 16,921,000 |
| Accounts Payable | 412,000 | 335,000 | 254,000 | 440,000 |
| Accrued Expenses | 1,080,000 | 1,036,000 | 986,000 | 1,123,000 |
| Short-Term Debt | — | 25,000 | 9,000 | 27,000 |
| Unearned Revenue | 543,000 | 498,000 | 483,000 | 622,000 |
| Other Current Liabilities | 726,000 | 714,000 | 1,323,000 | 953,000 |
| Total Current Liabilities | 2,761,000 | 2,608,000 | 3,055,000 | 3,165,000 |
| Long-Term Debt | 1,989,000 | 1,937,000 | 2,093,000 | 2,940,000 |
| Leases | 840,000 | 904,000 | 912,000 | 1,128,000 |
| Other Long-Term Liabilities | 718,000 | 666,000 | 1,613,000 | 743,000 |
| Total Long-Term Liabilities | 3,547,000 | 3,507,000 | 4,618,000 | 4,811,000 |
| Total Liabilities | 6,308,000 | 6,115,000 | 7,673,000 | 7,976,000 |
| Common Stock | 6,000 | 6,000 | 6,000 | 6,000 |
| Additional Paid-in Capital | 10,380,000 | 11,058,000 | 11,254,000 | 11,449,000 |
| Accumulated Other Comprehensive Income | (1,548,000) | (1,543,000) | (1,251,000) | (1,247,000) |
| Retained Earnings | (312,000) | (747,000) | (1,889,000) | (2,144,000) |
| Total Common Shareholders' Equity | 8,526,000 | 8,774,000 | 8,120,000 | 8,064,000 |
| Minority Interests and Other | 710,000 | 615,000 | 891,000 | 881,000 |
| Total Shareholders' Equity | 9,236,000 | 9,389,000 | 9,011,000 | 8,945,000 |
| Total Liabilities and Shareholders' Equity | 15,544,000 | 15,504,000 | 16,684,000 | 16,921,000 |
| FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|
| Net Income | 743,000 | 1,340,000 | 354,000 | 187,000 |
| Net (income) loss from discontinued operations, net of tax | 0 | (692,000) | 25,000 | 41,000 |
| Net income from continuing operations | 743,000 | 648,000 | 379,000 | 228,000 |
| Depreciation and amortization | 485,000 | 459,000 | 440,000 | 415,000 |
| Operating lease expense | 69,000 | 74,000 | 72,000 | 83,000 |
| Equity losses of affiliates | 8,000 | 15,000 | 6,000 | 127,000 |
| Impairment charges | 27,000 | 12,000 | 44,000 | 2,000 |
| Deferred income taxes | 41,000 | 83,000 | 31,000 | 12,000 |
| Other, net (operating) | 9,000 | (107,000) | 64,000 | 6,000 |
| Receivables and other assets | (237,000) | (96,000) | (85,000) | (181,000) |
| Inventories, net | 33,000 | (46,000) | 27,000 | 5,000 |
| Accounts payable and other liabilities | 59,000 | (64,000) | (81,000) | 80,000 |
| Net cash provided by operating activities from continuing operations | 1,237,000 | 978,000 | 897,000 | 777,000 |
| Net cash (used in) provided by operating activities from discontinued operations | (6,000) | 156,000 | 201,000 | 314,000 |
| Cash from Operating Activities | 1,231,000 | 1,134,000 | 1,098,000 | 1,091,000 |
| Capital expenditures | (426,000) | (407,000) | (357,000) | (347,000) |
| Proceeds from sales of property, plant and equipment | — | 0 | 0 | 37,000 |
| Acquisitions, net of cash acquired | (122,000) | (96,000) | (38,000) | (17,000) |
| Purchases of investments in equity affiliates and other | (60,000) | (154,000) | (96,000) | (124,000) |
| Proceeds from sales of investments in equity affiliates and other | 89,000 | 274,000 | 81,000 | 50,000 |
| Other, net (investing) | (20,000) | (23,000) | 0 | (22,000) |
| Net cash used in investing activities from continuing operations | (539,000) | (406,000) | (410,000) | (423,000) |
| Net cash provided by (used in) investing activities from discontinued operations | 0 | 253,000 | (114,000) | (151,000) |
| Cash from Investing Activities | (539,000) | (153,000) | (524,000) | (574,000) |
| Borrowings | 125,000 | 61,000 | 278,000 | 0 |
| Repayment of borrowings | (100,000) | (203,000) | (409,000) | (65,000) |
| Repurchase of shares | (641,000) | (150,000) | (117,000) | (243,000) |
| Repurchase of subsidiary common stock | (141,000) | 0 | 0 | — |
| Dividends paid | (204,000) | (185,000) | (172,000) | (174,000) |
| Other, net (financing) | (53,000) | (47,000) | (63,000) | (43,000) |
| Net cash used in financing activities from continuing operations | (1,014,000) | (524,000) | (483,000) | (525,000) |
| Net cash (used in) provided by financing activities from discontinued operations | 0 | (39,000) | 42,000 | 24,000 |
| Cash from Financing Activities | (1,014,000) | (563,000) | (441,000) | (501,000) |
| Effect of Exchange Rate Changes on Cash | 14,000 | 25,000 | (6,000) | (5,000) |
| Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash | (308,000) | 443,000 | 127,000 | 11,000 |
Key Metrics & Ratios
| Metric | Value |
|---|
| Market Cap | $13.49B |
| P/E | 24.11x |
| P/S | 1.49x |
| EV/EBITDA | 9.87x |
| Return on Equity | 8.0% |
| Return on Invested Capital | 6.7% |
| Current Ratio | 1.62x |
| Dividend Yield | 1.5% |
| Free Cash Flow Margin | 8.9% |
Quarterly Trend
| Quarter | Revenue | YoY growth | Operating margin | Operating income |
|---|
| Q4 2026 |
$2.34B |
+10.8% |
10.7% |
$249M |
| Q3 2026 |
$2.19B |
+8.8% |
9.3% |
$203M |
| Q2 2026 |
$2.36B |
+5.5% |
15.8% |
$373M |
| Q1 2026 |
$2.14B |
+2.3% |
9.5% |
$204M |
| Q4 2025 |
$2.11B |
— |
5.7% |
$121M |
| Q3 2025 |
$2.01B |
— |
8.1% |
$163M |
| Q2 2025 |
$2.24B |
— |
15.6% |
$349M |
| Q1 2025 |
$2.10B |
— |
9.1% |
$191M |
Figures compiled from public company filings.