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NASDAQ, INC.

NDAQ

$94.62 ▼ -0.06 (-0.06%) at close

19 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

NASDAQ, INC. shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $54.2B

Dividend Yield 1.11%

Revenue Growth 11.6% ↘

Op. Margin 28.2% ↗

ROIC 9.3% ↗

FCF / Share $3.47 ↗

Trailing P/E 30.3x

Price / Book 4.4x

FCF Yield 3.7%

Debt / Equity 0.74

info Valuation on last close. End-of-day price, Aug 7, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$8.26B

↑ +11.6% —

Net Income Profit after all expenses

$1.79B

↑ +60.1% —

Operating Margin Operating profit as % of sales

28.2%

↑ +16.1% 85th

FCF / Share Free cash flow per share

$3.47

↑ +15.3% —

Long-Term Debt Long-term obligations

$8.57B

— -0.1% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↓

Financial Health ↓

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$1.05 Latest / share

+11.7% YoY

+16.6% 12-yr CAGR

$0.19

FY 2014

$0.30

FY 2015

$0.40

FY 2016

$0.49

FY 2017

$0.15

FY 2018

$0.16

FY 2019

$0.65

FY 2020

$0.70

FY 2021

$0.78

FY 2022

$0.86

FY 2023

$0.94

FY 2024

$1.05

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	11.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+94%)	22.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+267%)	-2.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-143%)	5.8% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	4.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-23%)	32.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+433%)	-0.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-106%)	8.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+39%)	6.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+9%)	8.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+48%)	-2.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-146%)	9.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+50%)	2.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-51%)	-9.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-255%)	7.5% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+26%)	-6.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-205%)	-6.5% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-209%)	—	—
EPS Growth YoY (%)	60.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-7.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-7.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-4.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	25.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	20.9% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	69.3% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-36.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	573.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-74.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	4.5% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	6.5% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	10.0% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-5.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	13.4% Fair → Fair Stable Year-over-year change in earnings per share Optimal: > 10%	49.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-21.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	60.1% Excellent ↑ Excellent Improving Year-over-year change in net income	5.5% Fair → Fair Stable Year-over-year change in net income	-5.9% Weak ↓ Weak Declining Year-over-year change in net income	-5.2% Weak ↓ Weak Declining Year-over-year change in net income	27.2% Excellent ↑ Excellent Improving Year-over-year change in net income	20.5% Good ↓ Good Declining Year-over-year change in net income	69.0% Excellent ↓ Excellent Declining Year-over-year change in net income	-37.2% Weak ↓ Weak Declining Year-over-year change in net income	575.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-74.8% Weak ↓ Weak Declining Year-over-year change in net income	3.4% Caution ↑ Caution Improving Year-over-year change in net income	7.5% Fair ↑ Fair Improving Year-over-year change in net income	9.4% Fair ↓ Fair Declining Year-over-year change in net income	-9.0% Weak ↓ Weak Declining Year-over-year change in net income	-2.0% Weak ↓ Weak Declining Year-over-year change in net income	48.5% Excellent Excellent Year-over-year change in net income	-15.3% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	15.3% Good ↓ Good Declining Year-over-year change in free cash flow	-1.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	-3.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	70.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-14.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	27.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-8.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	20.6% Good Good Year-over-year change in free cash flow	18.3% Good Good Year-over-year change in free cash flow	—	—	—	—	-8.5% Weak Weak Year-over-year change in free cash flow	68.0% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	9.9% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.9% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	2.5% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	13.5% Good ↑ Good Improving Compound annual revenue growth over 3 years	11.2% Good ↑ Good Improving Compound annual revenue growth over 3 years	12.5% Good ↑ Good Improving Compound annual revenue growth over 3 years	4.8% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	7.9% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.1% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	4.9% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	2.9% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	0.6% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	0.1% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-2.9% Weak Weak Compound annual revenue growth over 3 years	-2.0% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	8.0% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	11.7% Good ↑ Good Improving Compound annual revenue growth over 5 years	7.2% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	9.5% Good ↑ Good Improving Compound annual revenue growth over 5 years	9.7% Good ↑ Good Improving Compound annual revenue growth over 5 years	10.6% Good ↑ Good Improving Compound annual revenue growth over 5 years	4.0% Fair → Fair Stable Compound annual revenue growth over 5 years	5.9% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	4.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	1.5% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	1.3% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	0.5% Weak Weak Compound annual revenue growth over 5 years	-2.5% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	11.0% Good ↑ Good Improving Compound annual EPS growth over 3 years	-6.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	3.6% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	13.4% Good ↓ Good Declining Compound annual EPS growth over 3 years	37.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	9.0% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	93.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	2.7% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	21.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-34.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	7.0% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	3.7% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	5.8% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	17.1% Excellent Excellent Compound annual EPS growth over 3 years	10.1% Good Good Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	28.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+13%)	24.3% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	26.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	25.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	24.5% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	21.9% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	23.9% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	24.0% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	25.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	22.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	21.2% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	21.5% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	21.4% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	22.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	20.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	19.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	17.7% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	17.5% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	—
Effective Tax Rate (%) (%)	16.7% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.1% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.6% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.9% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.6% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.0% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.0% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	57.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.4% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.6% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.2% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	30.5% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.2% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.0% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	21.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	15.1% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	17.5% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	18.1% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	20.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	16.6% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	18.2% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	10.7% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	18.5% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	2.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	12.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-43%)	11.8% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	12.0% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	11.3% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	11.3% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	12.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	7.8% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	8.6% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	—
FCF Margin (%) (%)	24.1% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	23.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	25.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	25.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	15.6% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	18.9% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	19.6% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	21.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.4% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	17.3% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	16.3% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.9% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.4% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	15.3% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	4.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.11x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.55x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.45x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.38x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.78x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.14x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.08x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	2.00x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.05x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	5.94x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—	1.44x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.50x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.97x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.51x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	9.3% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	10.9% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	10.4% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	8.3% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	8.9% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	9.2% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.4% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	7.0% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	7.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	7.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.2% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	6.9% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	7.3% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.9% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	6.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.2% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.5% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	7.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.9% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	3.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	5.6% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	14.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+22%)	10.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	9.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-18%)	18.3% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+52%)	18.6% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+55%)	14.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+21%)	13.7% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+14%)	8.4% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	12.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	2.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-83%)	7.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-36%)	7.1% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	6.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	6.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-44%)	7.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-35%)	8.4% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	5.4% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-55%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	0.74x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	0.85x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-29%)	0.97x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-19%)	0.88x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-27%)	0.91x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-24%)	0.86x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-28%)	0.60x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-50%)	0.70x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-41%)	0.72x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-40%)	0.66x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-45%)	0.42x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-65%)	0.40x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-67%)	0.43x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-65%)	0.38x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-68%)	0.43x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-65%)	0.49x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-59%)	0.38x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-68%)	—	—
Interest Coverage (x)	6.58x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	4.44x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	8.92x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	12.12x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	11.53x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	12.22x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	8.20x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	6.85x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	6.93x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	6.21x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	6.49x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	6.44x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	6.20x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	7.11x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.85x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	6.19x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	5.91x Good Good Operating income divided by interest expense Optimal: > 5x	6.60x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$8.40B	$8.89B	$10.00B	$4.90B	$5.44B	$2.80B	$3.06B	$3.29B	$3.83B	$3.20B	$2.06B	$1.89B	$2.21B	$1.48B	$1.61B	$2.01B	$1.27B	$-374.00M	$-1.32B
Debt / EBITDA (x)	3.64x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.93x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.17x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.23x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.76x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.16x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.06x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.39x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.87x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.89x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.97x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.81x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.53x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.66x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.82x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.43x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.10x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$14.41	$12.86	$12.01	$12.64	$11.83	$11.40	$8.61	$8.62	$7.91	$7.48	$6.78	$6.91	$6.41	$6.18	$6.50	$5.25	—	—	—
Basic EPS, GAAP (USD)	$3.12	$1.94	$2.10	$2.28	$2.38	$1.89	$1.56	$0.92	$1.46	$0.22	$0.85	$0.82	$0.77	$0.70	$0.73	$0.65	$0.43	$0.55	—
Free Cash Flow per Share (USD)	$3.47	$3.01	$3.05	$3.16	$1.85	$2.16	$1.69	$1.85	$1.53	$1.30	—	—	—	$1.00	$1.10	$0.65	—	—	—
Dividend per Share (USD)	$1.05	$0.94	$0.86	$0.78	$0.70	$0.65	$0.16	$0.15	$0.49	$0.40	$0.30	$0.19	$0.17	$0.13	—	—	—	—	—
Book Value per Share (USD)	$21.45	$19.46	$18.81	$12.51	$12.79	$13.00	$11.39	$11.00	$11.71	$10.87	$11.38	$11.44	$12.17	$10.48	$9.56	$8.95	$7.78	—	—
Tangible Book Value per Share (USD)	$-15.19	$-16.82	$-18.67	$-9.21	$-9.70	$-5.40	$-6.01	$-6.49	$-6.32	$-5.38	$-3.54	$-3.60	$-4.70	$-3.58	$-3.33	$-4.04	$-2.36	—	—
Basic Weighted Avg Shares (shares)	573.26M	575.43M	504.91M	492.42M	497.70M	493.25M	494.79M	496.05M	499.09M	495.55M	501.86M	506.78M	500.80M	504.76M	529.00M	608.93M	—	—	—
Dividend Payout Ratio (%)	33.7% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	48.5% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	41.0% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	34.2% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	29.4% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	34.2% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	10.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	15.9% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	33.3% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	186.2% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	35.2% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	23.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	22.6% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	18.7% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$42.00M	$-116.00M	$71.00M	$-231.00M	$-449.00M	$2.74B	$63.00M	$-200.00M	$276.00M	$478.00M	$340.00M	$420.00M	$363.00M	$565.00M	$543.00M	$279.00M	$516.00M	—	—
LT Debt (USD)	$8.57B	$8.58B	$9.67B	$4.74B	$4.31B	$4.94B	$3.00B	$2.96B	$3.13B	$3.60B	$2.36B	$2.31B	$2.63B	$1.98B	$2.12B	$2.32B	$1.87B	—	—
Total Equity (USD)	$12.23B	$11.19B	$10.82B	$6.15B	$6.39B	$6.43B	$5.64B	$5.45B	$5.88B	$5.43B	$5.61B	$5.79B	$6.18B	$5.21B	$4.98B	$4.72B	$4.93B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$8.26B	$7.40B	$6.06B	$6.23B	$5.89B	$5.62B	$4.26B	$4.28B	$3.95B	$3.71B	$3.40B	$3.50B	$3.21B	$3.12B	$3.44B	$3.20B	$3.41B	$3.65B	—
Depreciation Expense (USD)	$145.00M	$125.00M	$117.00M	$105.00M	$108.00M	$99.00M	$89.00M	$101.00M	$96.00M	$88.00M	$76.00M	$68.00M	$59.00M	$52.00M	$54.00M	$46.00M	—	—	—
Net Income, GAAP (USD)	$1.79B	$1.12B	$1.06B	$1.12B	$1.19B	$933.00M	$774.00M	$458.00M	$729.00M	$108.00M	$428.00M	$414.00M	$385.00M	$352.00M	$387.00M	$395.00M	$266.00M	$314.00M	—
Operating Cash Flow (USD)	$2.25B	$1.94B	$1.70B	$1.71B	$1.08B	$1.25B	$963.00M	$1.03B	$909.00M	$776.00M	—	—	—	$594.00M	$669.00M	$440.00M	$582.00M	$216.00M	—

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Synced 1 week ago 19 years · 72 quarters

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