Revenue and profitability:
- QQ1 2025 Revenue: $3,149,500,000; YoY growth: +17.5%; QoQ growth: +37.88%
- Gross Profit: $1,375,800,000; Gross margin: 43.68%
- Operating Income: $937,500,000; Operating margin: 29.77%
- Net Income: $724,500,000; Net margin: 23.00%
- EBITDA: $1,369,100,000; EBITDA margin (EBITDA / Revenue): ~43.47%
- EPS: $2.28 (basic), Diluted EPS: $2.27; Weighted average shares: 318.2m (basic), 319.3m (diluted)
- Interest expense: $223,000,000; Depreciation & amortization: $359,900,000
Cash flow and investing activities:
- Operating cash flow: $1,162,600,000; Free cash flow: $461,500,000
- Cash at end of period: $143,400,000; Cash at beginning: $42,200,000
- Net cash provided by operating activities: $1,162,600,000
- Capital expenditures (investments in property, plant & equipment): $(701,100,000)
- Acquisitions net: $(448,400,000); Purchases of investments / sales of investments: $16,900,000
- Net cash used in investing activities: $(1,101,800,000)
- Net cash provided by financing activities: $40,400,000
Balance sheet health and capital structure:
- Total assets: $48,232,100,000; Total liabilities: $34,805,100,000; Total stockholders’ equity: $13,006,200,000
- Cash and cash equivalents: $82,200,000; Net receivables: $1,812,400,000; Inventory: $576,000,000; Total current assets: $2,943,300,000
- Property, plant & equipment (net): $35,447,800,000; Goodwill & intangibles: $3,087,300,000
- Total debt: $20,512,700,000; Net debt: $20,430,500,000
- Short-term debt: $4,057,000,000; Long-term debt: $16,455,700,000
- Total current liabilities: $5,862,900,000; Total non-current liabilities: $28,942,200,000
- Key ratios: current ratio 0.50x; quick ratio 0.40x; cash ratio 0.014x; debt ratio 0.425x; debt-to-equity 1.577x; debt-to-capitalization 0.612x; interest coverage 4.20x
Efficiency and capital deployment:
- Asset turnover: 0.0653; Fixed asset turnover: 0.0888; Receivables turnover: 1.738x; DSO: 51.8 days; Payables turnover: 2.24x; Payables outstanding ~40 days
- Payout ratio: 39.1%; Dividend yield: ~0.82% (as of data date); Free cash flow yield and multiples indicate a balance between cash returns and capex needs.
Valuation and peer standing:
- Price/earnings: ~11.97x; Price/book: ~2.67x; Price/sales: ~11.01x; EV/EBITDA not directly provided but enterprise value multiple: ~40.25x
- Dividend payout and cash flow support steady income; regulatory framework provides visibility into earnings growth via rate-base expansions.