Top line accelerating.
+1.4% YoY versus −1.6% prior. 3y CAGR −1.2%.
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+1.4% YoY versus −1.6% prior. 3y CAGR −1.2%.
Net margin 13.2% versus 16.9% prior (−3.7pp). Operating 19.1%.
P/E 20.9x — 7% above the 5y median of 19.5x. Forward 13.5x hints at EPS expansion next year.
FCF $2.1B versus $2.5B prior. FCF margin 21%; 159% of net income; CapEx 7% of OCF.
Net cash $3.0B versus $2.4B prior. Liquidity: current ratio 2.7.
Dividend distribution not reported versus prior comparable. CapEx $153.8M.
Current: 0.00x
Income · Balance · Cash Flow