$2.58B
Revenue
$592.78M
Net Income
89.02%
Gross Margin
28.39%
Op. Margin
$1.48B
Free Cash Flow
| Breakdown | TTM (Mar 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.58B | $2.54B | $2.27B | $2.07B | $1.91B | $1.68B | $1.52B | $1.29B | $1.10B | $988.47M | $942.75M |
| Revenue Growth % | 1.5% | 12.1% | 9.9% | 8.3% | 13.4% | 10.9% | 17.2% | 18.1% | 10.8% | 4.8% | nan% |
| Cost of Revenue | $283.72M | $279.82M | $271.30M | $250.64M | $257.98M | $225.26M | $166.27M | $155.88M | $150.16M | $146.86M | $147.25M |
| Gross Profit | $2.30B | $2.26B | $2.00B | $1.81B | $1.65B | $1.46B | $1.35B | $1.14B | $945.09M | $841.61M | $795.51M |
| Gross Margin % | 89.0% | 89.0% | 88.0% | 87.9% | 86.5% | 86.6% | 89.0% | 87.9% | 86.3% | 85.1% | 84.4% |
| Operating Expenses | $1.57B | $1.55B | $1.37B | $1.22B | $1.14B | $959.68M | $834.58M | $661.18M | $554.36M | $465.36M | $441.83M |
| Research & Development | $536.50M | $528.01M | $494.87M | $433.66M | $404.87M | $355.37M | $298.21M | $233.80M | $202.75M | $183.09M | $168.83M |
| Selling General & Admin | $1.01B | $995.34M | $855.13M | $772.87M | $715.38M | $587.71M | $521.20M | $413.58M | $338.64M | $269.51M | $253.60M |
| Operating Income | $733.44M | $717.89M | $626.13M | $592.66M | $513.27M | $496.36M | $515.04M | $476.57M | $390.73M | $376.24M | $353.68M |
| Operating Margin % | 28.4% | 28.2% | 27.6% | 28.7% | 26.9% | 29.5% | 34.0% | 36.8% | 35.7% | 38.1% | 37.5% |
| Interest Expense | $45.66M | $47.85M | $47.15M | $22.73M | $12.40M | $10.99M | $3.46M | $59.00K | $86.00K | $221.00K | $325.00K |
| Interest Income | $56.88M | $51.13M | $19.59M | $5.72M | $2.08M | $5.07M | $12.80M | $11.42M | $6.96M | $4.21M | $2.83M |
| Other Income/Expense | $-3.06M | $-3.13M | $-6.44M | $-334.00K | $12.41M | $3.48M | $-1.79M | $-908.00K | $-2.00M | $85.00K | $582.00K |
| Income Before Tax | $741.61M | $718.04M | $592.14M | $575.32M | $515.35M | $493.93M | $522.58M | $487.08M | $395.69M | $380.31M | $356.76M |
| Income Tax Expense | $148.83M | $142.35M | $91.73M | $51.60M | $60.73M | $60.04M | $71.29M | $67.71M | $136.44M | $114.68M | $104.24M |
| Net Income | $592.78M | $575.69M | $500.41M | $523.71M | $454.63M | $433.89M | $451.30M | $419.38M | $259.25M | $265.64M | $252.52M |
| Net Margin % | 22.9% | 22.6% | 22.0% | 25.4% | 23.8% | 25.8% | 29.8% | 32.4% | 23.7% | 26.9% | 26.8% |
| Basic EPS | 6.78 | 6.59 | 5.76 | 6.02 | 5.22 | 5.05 | 5.36 | 4.99 | 3.05 | 3.05 | 2.82 |
| Diluted EPS | 6.74 | 6.55 | 5.73 | 5.99 | 5.16 | 4.97 | 5.25 | 4.88 | 2.98 | 2.99 | 2.76 |
| Basic Shares Outstanding | 87.7M | 87.3M | 86.8M | 87.1M | 87.1M | 85.8M | 84.3M | 84.0M | 85.0M | 87.2M | 89.6M |
| Diluted Shares Outstanding | 88.1M | 87.9M | 87.4M | 87.5M | 88.1M | 87.3M | 85.9M | 85.9M | 86.9M | 89.0M | 91.5M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | - | - | - | - | - | - | $777.14M | $881.50M | $822.48M | $784.17M |
| Short-term Investments | $50.77M | $189.00K | $183.00K | $361.00K | $479.00K | $288.00K | $225.00K | $286.00K | $381.00K | $446.00K |
| Accounts Receivable | $1.02B | $864.53M | $760.29M | $645.89M | $537.56M | $433.48M | $317.70M | $124.66M | $107.19M | $91.58M |
| Other Current Assets | $311.13M | $324.65M | $289.26M | $324.65M | $268.52M | $249.62M | $216.11M | $263.82M | $239.35M | $200.23M |
| Total Current Assets | $2.83B | $2.05B | $1.66B | $1.64B | $1.72B | $1.56B | $1.31B | $1.27B | $1.17B | $1.08B |
| Property Plant & Equipment | $89.65M | $77.78M | $80.84M | $87.91M | $96.50M | $83.64M | $61.66M | $57.10M | $54.68M | $61.92M |
| Goodwill | $3.78B | $3.81B | $3.66B | $3.41B | $3.04B | $2.41B | $1.57B | $1.38B | $1.34B | $1.33B |
| Intangible Assets | $716.24M | $835.42M | $809.18M | $763.12M | $694.87M | $476.71M | $211.27M | $157.62M | $172.62M | $220.55M |
| Other Non-current Assets | $308.33M | $273.03M | $261.88M | $279.68M | $225.12M | $180.03M | $82.78M | $35.97M | $24.29M | $5.76M |
| Total Assets | $8.05B | $7.32B | $6.69B | $6.32B | $5.94B | $4.84B | $3.27B | $2.94B | $2.80B | $2.73B |
| Accounts Payable | $27.06M | $22.77M | $14.02M | $10.86M | $18.69M | $14.30M | $7.95M | $6.04M | $7.39M | $4.87M |
| Deferred Revenue | $504.53M | $457.51M | $413.99M | $391.53M | $372.06M | $351.35M | $328.58M | $440.49M | $403.28M | $364.64M |
| Total Current Liabilities | $941.18M | $889.29M | $794.84M | $778.49M | $728.83M | $695.14M | $524.77M | $608.55M | $539.10M | $484.15M |
| Long-term Debt | $754.21M | $753.89M | $753.57M | $753.58M | $798.12M | $423.53M | - | - | - | - |
| Deferred Tax Liabilities | $55.86M | $75.30M | $58.13M | $105.55M | $110.32M | $78.64M | $30.08M | - | - | - |
| Other Non-current Liabilities | $126.80M | $113.52M | $102.76M | $98.27M | $84.51M | $96.43M | $61.57M | $85.78M | $50.76M | $49.24M |
| Common Stock | $953.00K | $953.00K | $953.00K | $953.00K | $953.00K | $946.00K | $932.00K | $932.00K | $932.00K | $932.00K |
| Retained Earnings | $5.86B | $5.28B | $4.78B | $4.26B | $3.80B | $3.37B | $2.92B | $2.32B | $2.06B | $1.79B |
| Treasury Stock | $1.42B | $1.47B | $1.34B | $1.19B | $1.12B | $1.04B | $1.08B | $907.53M | $675.55M | $440.84M |
| Total Stockholders Equity | $6.09B | $5.39B | $4.87B | $4.48B | $4.10B | $3.45B | $2.65B | $2.25B | $2.21B | $2.19B |
| Total Liabilities & Equity | $8.05B | $7.32B | $6.69B | $6.32B | $5.94B | $4.84B | $3.27B | $2.94B | $2.80B | $2.73B |
| Breakdown | TTM (Mar 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $757.59M | $575.69M | $500.41M | $523.71M | $454.63M | $433.89M | $451.30M | $419.38M | $259.25M | $265.64M | $252.52M |
| Depreciation & Amortization | $251.67M | $142.67M | $132.50M | $114.56M | $106.87M | $85.28M | $60.52M | $59.26M | $67.68M | $69.59M | $77.67M |
| Stock-based Compensation | $466.70M | $270.90M | $221.89M | $168.13M | $166.34M | $145.62M | $116.19M | $83.35M | $53.15M | $33.35M | $33.95M |
| Deferred Income Tax | $-131.03M | $-80.40M | $-91.31M | $-130.72M | $-34.49M | $-30.93M | $-14.51M | $-33.67M | $-2.69M | $-10.92M | $-15.20M |
| Change in Receivables | $-249.74M | $231.90M | $102.52M | $114.99M | $149.02M | $160.32M | $154.40M | $74.45M | $14.41M | $17.39M | $-6.04M |
| Operating Cash Flow | $1.56B | $795.74M | $717.12M | $631.00M | $549.48M | $547.31M | $499.94M | $486.44M | $430.44M | $356.83M | $367.52M |
| Capital Expenditure | $79.37M | $44.05M | $25.32M | $24.37M | $23.02M | $35.37M | $44.94M | $21.76M | $19.15M | $12.44M | $16.14M |
| Acquisitions | - | $1.59M | $208.91M | $386.26M | $510.81M | $572.33M | $787.20M | $283.03M | $63.88M | $7.89M | $46.12M |
| Investing Cash Flow | $-179.62M | $-99.56M | $-240.04M | $-411.37M | $-536.81M | $-614.25M | $-833.55M | $-313.68M | $-97.44M | $-32.17M | $-62.03M |
| Debt Repayment | - | - | - | - | $45.00M | $75.00M | - | - | - | - | - |
| Stock Repurchased | - | - | $196.49M | $205.57M | $134.68M | $161.03M | $59.12M | $269.80M | $336.04M | $336.33M | $337.91M |
| Financing Cash Flow | $-235.78M | $-98.54M | $-231.32M | $-245.51M | $-245.85M | $96.60M | $429.41M | $-262.68M | $-294.65M | $-279.48M | $-291.75M |
| Net Change in Cash | $1.14B | $586.54M | $245.81M | $-53.28M | $-245.00M | $40.58M | $94.95M | $-104.36M | $59.02M | $38.31M | $-3.90M |
SEC Filing Format - Data shown as it appears in the Q1 2025 (10-Q) filing
Period ended: Mar 31, 2025
Condensed Consolidated Statements of Operations
| Description | Mar 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $504.89M | $466.61M |
| Cost of Revenue | $72.57M | $68.67M |
| Gross Profit | $432.32M | $397.94M |
| Operating Expenses | $373.43M | $354.60M |
| Research & Development | $137.29M | $128.81M |
| Selling General & Admin | $230.41M | $219.64M |
| Operating Income | $58.89M | $43.34M |
| Interest Expense | $10.18M | $12.37M |
| Interest Income | $16.74M | $10.99M |
| Other Income/Expense | $-930.00K | $-1.01M |
| Income Before Tax | $64.53M | $40.96M |
| Income Tax Expense | $12.66M | $6.18M |
| Net Income | $51.87M | $34.78M |
| Basic EPS | 0.59 | 0.40 |
| Diluted EPS | 0.59 | 0.40 |
| Basic Shares Outstanding | $87.65M | $87.07M |
| Diluted Shares Outstanding | $88.13M | $87.78M |
Condensed Consolidated Balance Sheets
| Description | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Short-term Investments | $70.40M | $50.77M |
| Accounts Receivable | $754.65M | $1.02B |
| Other Current Assets | $265.62M | $311.13M |
| Total Current Assets | $2.85B | $2.83B |
| Property Plant & Equipment | $92.73M | $89.65M |
| Goodwill | $3.80B | $3.78B |
| Intangible Assets | $694.24M | $716.24M |
| Other Non-current Assets | $218.15M | $308.33M |
| Total Assets | $7.98B | $8.05B |
| Accounts Payable | $22.25M | $27.06M |
| Deferred Revenue | $490.32M | $504.53M |
| Total Current Liabilities | $779.10M | $941.18M |
| Long-term Debt | $754.29M | $754.21M |
| Deferred Tax Liabilities | $56.03M | $55.86M |
| Other Non-current Liabilities | $130.32M | $126.80M |
| Common Stock | $953.00K | $953.00K |
| Retained Earnings | $5.91B | $5.86B |
| Treasury Stock | $1.38B | $1.42B |
| Total Stockholders Equity | $6.18B | $6.09B |
| Total Liabilities & Equity | $7.98B | $8.05B |
Condensed Consolidated Statements of Cash Flows
| Description | Mar 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $51.87M | $34.78M |
| Depreciation & Amortization | $37.46M | $35.54M |
| Stock-based Compensation | $70.24M | $58.66M |
| Deferred Income Tax | $-8.04M | $-2.34M |
| Change in Receivables | $-366.83M | $-264.47M |
| Operating Cash Flow | $398.94M | $282.82M |
| Capital Expenditure | $11.49M | $10.54M |
| Investing Cash Flow | $-30.69M | $-34.44M |
| Financing Cash Flow | $-68.05M | $-54.64M |
| Net Change in Cash | $311.41M | $190.31M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.