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Real estate investment trusts company · MD · FY ends Dec · Revenue $5.92B · 17.55% margin · $3.95B FCF
$59.91
+$0.36 (+0.60%)
Last close via Marketstack
16.76% operating margin is respectable but not wide. ROIC at 1.33%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 9.1%, steady but not accelerating.
At 49x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $27.40B represents 7.1x FCF, leverage limits flexibility.
49.1x earnings, 14.2x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$5.92B
▲ +9.1% YoY
Net Income (TTM)
$1.12B
▲ +23.0% YoY
Op. Margin
17.55%
▲ +1.9pp YoY
ROIC
1.41%
▲ +0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3.95B
▲ +11.9% YoY
Op. Cash Flow (TTM)
$4.08B
▲ +11.8% YoY
Net Debt
$27.91B
Cash & Equiv.
$374M
5Y CAGR: +28.4%
5Y CAGR: +28.4%
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