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Corporate Information We were incorporated in California in 1982, became a public company in 1994, and were reincorporated in Delaware in January 2012. Our principal executive offices are located at 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 and our telephone number is (972) 391-5000.
$30.86
$1.46 (-4.52%)
Last close via Marketstack
Margins and capital returns are both well above average: 36.51% operating margin, ROIC at 15.94%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 9.7%, steady but not accelerating.
Even for strong businesses, today's 19x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
19.3x earnings, 21.7x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$4.64B
▲ +9.7% YoY
Net Income (TTM)
$1.55B
▲ +13.9% YoY
Op. Margin
36.57%
▼ -0.6pp YoY
ROIC
14.27%
▼ -1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.34B
▲ +28.0% YoY
Op. Cash Flow (TTM)
$1.69B
▲ +22.2% YoY
Net Debt
-$3.35B
Net Cash Position
Cash & Equiv.
$3.35B
5Y CAGR: +16.1%
5Y CAGR: +30.4%
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