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Regulation. 26 Table of Contents Adverse judgments or settlements in legal disputes could result in materially adverse monetary damages or injunctive relief and damage our reputation. We are subject to, and may become a party to, a variety of litigation or other claims and suits that arise from time to time in the ordinary course of our business.
$80.33
$3.72 (-4.43%)
Last close via Marketstack
Operating margin is thin at 9.21%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 6.4% YoY. Margins deteriorated 2.2pp alongside, both lines moving the wrong way.
ROIC dropped from 21.93% to 19.56%, capital efficiency is deteriorating.
11.6x earnings, 10.3x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$11.22B
▼ -6.4% YoY
Net Income (TTM)
$851M
▼ -9.0% YoY
Op. Margin
9.21%
▼ -2.2pp YoY
ROIC
19.56%
▼ -2.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$951M
▲ +4.4% YoY
Op. Cash Flow (TTM)
$1.04B
▲ +3.2% YoY
Net Debt
$3.39B
Cash & Equiv.
$728M
5Y CAGR: +7.4%
5Y CAGR: +8.5%
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