Top line contracting.
−1.1% YoY versus +1.9% prior. 3y CAGR +2.7%.
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−1.1% YoY versus +1.9% prior. 3y CAGR +2.7%.
Net margin 20.2% versus 17.7% prior (+2.4pp). Operating 27.4%.
P/E 15.0x — 9% below the 5y median of 16.6x. Forward 8.9x hints at EPS expansion next year.
FCF $930.8M versus $871.6M prior. FCF margin 37%; 183% of net income; CapEx 2% of OCF.
Net cash $891.3M versus $1.3B prior. Liquidity: current ratio 0.6.
Dividend distribution not reported versus prior comparable. CapEx $21.0M.
Current: 0.00x
Income · Balance · Cash Flow