$3.76B
Revenue
$526.71M
Net Income
52.75%
Gross Margin
19.30%
Op. Margin
$1.10B
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $3.76B | $3.76B | $3.39B | $3.07B | $2.70B | $2.42B |
| Revenue Growth % | 0.0% | 11.0% | 10.3% | 14.0% | 11.2% | nan% |
| Cost of Revenue | $1.78B | $1.78B | $1.60B | $1.47B | $1.31B | $1.16B |
| Gross Profit | $1.98B | $1.98B | $1.79B | $1.60B | $1.39B | $1.26B |
| Gross Margin % | 52.8% | 52.8% | 52.7% | 52.2% | 51.5% | 52.0% |
| Operating Expenses | $3.03B | $3.03B | $2.73B | $2.49B | $2.20B | $1.98B |
| Selling General & Admin | $1.13B | $1.13B | $1.02B | $915.23M | $802.71M | $727.49M |
| Operating Income | $726.07M | $726.07M | $657.22M | $583.23M | $493.39M | $439.99M |
| Operating Margin % | 19.3% | 19.3% | 19.4% | 19.0% | 18.3% | 18.1% |
| Interest Expense | $29.50M | $20.18M | $32.56M | $19.24M | $4.16M | $1.31M |
| Other Income/Expense | $3.42M | $3.42M | $683.00K | $22.09M | $8.17M | $35.68M |
| Income Before Tax | $700.93M | $700.93M | $630.23M | $586.26M | $498.92M | $474.84M |
| Income Tax Expense | $174.22M | $174.22M | $163.85M | $151.30M | $130.32M | $124.15M |
| Net Income | $526.71M | $526.71M | $466.38M | $434.96M | $368.60M | $350.69M |
| Net Margin % | 14.0% | 14.0% | 13.8% | 14.2% | 13.7% | 14.5% |
| Basic EPS | nan | 1.09 | 0.96 | 0.89 | 0.75 | 0.71 |
| Diluted EPS | nan | 1.09 | 0.96 | 0.89 | 0.75 | 0.71 |
| Basic Shares Outstanding | - | 484.1M | 484.2M | 489.9M | 492.3M | 492.1M |
| Diluted Shares Outstanding | - | 484.1M | 484.3M | 490.1M | 492.4M | 492.1M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $100.00M | $89.63M | $103.83M | $95.35M | $105.30M |
| Accounts Receivable | $202.52M | $196.08M | $178.21M | $155.76M | $139.58M |
| Inventory | $42.98M | $39.53M | $33.38M | $29.75M | $28.93M |
| Other Current Assets | $82.45M | $77.08M | $54.19M | $34.15M | $52.42M |
| Total Current Assets | $472.68M | $442.62M | $406.64M | $348.62M | $352.38M |
| Property Plant & Equipment | $126.19M | $124.84M | $126.66M | $128.05M | $133.26M |
| Goodwill | $1.37B | $1.16B | $1.07B | $846.70M | $721.82M |
| Other Non-current Assets | $50.02M | $45.15M | $46.82M | $39.03M | $34.95M |
| Total Assets | $3.14B | $2.82B | $2.60B | $2.12B | $1.98B |
| Accounts Payable | $44.36M | $49.62M | $49.20M | $42.80M | $44.57M |
| Short-term Debt | $123.68M | - | - | - | - |
| Deferred Revenue | $187.67M | $180.85M | $172.38M | $158.09M | $145.12M |
| Other Current Liabilities | $120.02M | $115.66M | $101.74M | $54.57M | $73.21M |
| Total Current Liabilities | $785.52M | $645.16M | $576.69M | $493.78M | $491.16M |
| Long-term Debt | $486.15M | $395.31M | - | - | - |
| Deferred Tax Liabilities | $37.00M | $15.65M | - | - | $13.26M |
| Total Liabilities | $1.77B | $1.49B | $1.44B | $854.83M | $898.82M |
| Common Stock | $481.19M | $484.37M | $484.08M | $492.45M | $491.91M |
| Retained Earnings | $738.91M | $734.65M | $566.40M | $687.07M | $500.92M |
| Total Stockholders Equity | $1.37B | $1.33B | $1.16B | $1.27B | $1.08B |
| Total Liabilities & Equity | $3.14B | $2.82B | $2.60B | $2.12B | $1.98B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $631.95M | $526.71M | $466.38M | $434.96M | $368.60M | $350.69M |
| Depreciation & Amortization | $214.90M | $124.74M | $113.22M | $99.75M | $91.33M | $94.20M |
| Stock-based Compensation | $68.31M | $39.71M | $29.98M | $24.61M | $21.21M | $14.87M |
| Deferred Income Tax | $44.09M | $19.15M | $-10.34M | $-7.64M | $1.59M | $1.65M |
| Change in Receivables | $88.83M | $36.41M | $49.35M | $45.87M | $34.00M | $22.44M |
| Change in Inventory | $4.93M | $1.72M | $5.87M | $4.28M | $540.00K | $-2.64M |
| Operating Cash Flow | $1.15B | $678.11M | $607.65M | $528.37M | $465.93M | $401.81M |
| Capital Expenditure | $48.72M | $28.09M | $27.57M | $32.47M | $30.63M | $27.19M |
| Acquisitions | $590.29M | $309.52M | $157.47M | $366.85M | $119.19M | $146.10M |
| Investing Cash Flow | $-622.36M | $-326.70M | $-176.23M | $-372.89M | $-134.14M | $-98.97M |
| Debt Repayment | - | - | - | $55.00M | $245.00M | $88.00M |
| Stock Repurchased | $246.45M | $216.85M | $11.61M | $315.01M | $7.07M | $10.69M |
| Dividends Paid | $407.83M | $327.90M | $297.99M | $264.35M | $211.62M | $208.66M |
| Financing Cash Flow | $-376.76M | $-343.58M | $-440.71M | $-149.42M | $-336.02M | $-290.16M |
| Net Change in Cash | $155.33M | $10.37M | $-14.20M | $8.48M | $-9.96M | $6.82M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $1.03B | $916.27M | $2.85B | $2.56B |
| Cost of Revenue | $467.45M | $421.89M | $1.33B | $1.20B |
| Operating Expenses | $801.09M | $724.47M | $2.28B | $2.05B |
| Selling General & Admin | $301.40M | $274.92M | $859.51M | $769.52M |
| Operating Income | $225.02M | $191.80M | $566.00M | $506.60M |
| Interest Expense | $7.94M | $7.15M | $19.53M | $25.69M |
| Other Income/Expense | $350.00K | $582.00K | $1.33M | $933.00K |
| Income Before Tax | $217.43M | $185.23M | $546.22M | $484.88M |
| Income Tax Expense | $53.90M | $48.31M | $135.95M | $124.18M |
| Net Income | $163.53M | $136.91M | $410.26M | $360.70M |
| Basic EPS | 0.34 | 0.28 | 0.85 | 0.74 |
| Diluted EPS | 0.34 | 0.28 | 0.85 | 0.74 |
| Basic Shares Outstanding | $484.63M | $484.32M | $484.56M | $484.23M |
| Diluted Shares Outstanding | $484.67M | $484.36M | $484.60M | $484.27M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $127.36M | $89.63M |
| Accounts Receivable | $236.57M | $196.08M |
| Inventory | $43.48M | $39.53M |
| Other Current Assets | $97.10M | $77.08M |
| Total Current Assets | $550.71M | $442.62M |
| Property Plant & Equipment | $128.66M | $124.84M |
| Goodwill | $1.36B | $1.16B |
| Intangible Assets | $598.19M | $541.59M |
| Other Non-current Assets | $55.88M | $45.15M |
| Total Assets | $3.22B | $2.82B |
| Accounts Payable | $54.96M | $49.62M |
| Short-term Debt | - | - |
| Deferred Revenue | $200.22M | $180.85M |
| Other Current Liabilities | $156.13M | $115.66M |
| Total Current Liabilities | $712.84M | $645.16M |
| Total Liabilities | $1.69B | $1.49B |
| Common Stock | $484.63M | $484.37M |
| Retained Earnings | $905.46M | $734.65M |
| Total Stockholders Equity | $1.53B | $1.33B |
| Total Liabilities & Equity | $3.22B | $2.82B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $163.53M | $136.91M | $410.26M | $360.70M |
| Depreciation & Amortization | - | - | $93.18M | $82.69M |
| Stock-based Compensation | - | - | $29.86M | $22.76M |
| Deferred Income Tax | - | - | $16.32M | - |
| Change in Receivables | - | - | $59.81M | $69.89M |
| Change in Inventory | - | - | $2.40M | $5.21M |
| Operating Cash Flow | - | - | $513.36M | $419.50M |
| Capital Expenditure | - | - | $22.36M | $23.39M |
| Acquisitions | - | - | $288.31M | $105.53M |
| Investing Cash Flow | - | - | $-302.81M | $-123.56M |
| Stock Repurchased | - | - | $18.57M | $11.53M |
| Dividends Paid | $80.10M | $72.80M | $239.45M | $217.96M |
| Financing Cash Flow | - | - | $-175.15M | $-305.51M |
| Net Change in Cash | - | - | $37.73M | $-8.54M |
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.