Revenue and profitability highlights (USD, quarter end 2025-03-31):
- Revenue: 3,063,029,000; YoY change: +30.04%; QoQ change: -0.45%
- Gross profit: 1,887,340,000; Gross margin: 61.62%; YoY margin change: +35.56%; QoQ: +1.72%
- Operating income: 1,300,392,000; Operating margin: 42.45%; YoY: +53.29%; QoQ: +4.69%
- Net income: 1,088,416,000; Net margin: 35.53%; YoY: +80.94%; QoQ: +32.00%
- EPS (GAAP): 8.21; EPS (diluted): 8.16; YoY EPS: +84.08%; QoQ: +32.85%
Cash flow and capital allocation:
- Net cash provided by operating activities: 1,072,159,000
- Capital expenditures: 82,135,000
- Free cash flow: 990,024,000
- Cash at end of period: 1,858,022,000; Cash and short-term investments: 4,028,622,000; Net debt: 4,231,151,000 (total debt 6,089,173,000 less cash & equivalents 1,858,022,000)
Balance sheet and liquidity:
- Total assets: 15,188,307,000
- Total liabilities: 11,183,568,000; Total stockholders’ equity: 4,004,739,000
- Current ratio: 2.54; Quick ratio: 1.736; Cash ratio: 0.475
- Long-term debt: 5,883,322,000; Total debt to capitalization: 0.603; Debt to equity: 1.520
Profitability and efficiency (per-share metrics):
- Operating cash flow per share: 8.09; Free cash flow per share: 7.44; Cash per share: 30.38
- Return on assets: 7.17%; Return on equity: 27.2%; Return on capital employed: 11.5%
- Asset turnover: 0.202; Inventory turnover: 0.373; Receivables turnover: 1.325; Days sales outstanding (DSO): 67.93; Days inventory outstanding (DIO): 241.58; Days payables outstanding (DPO): 32.86; Cash conversion cycle: 276.64 days
Valuation and market indicators:
- Price-to-earnings: 20.71x; Price-to-book: 22.51x; Price-to-sales: 29.43x; Price-to-free cash flows: 91.32x; Enterprise value multiple: 72.58x; Dividend yield: 0.25%
- Dividend payout ratio: 20.7%
- Price fair value (per the provided metrics): 22.51
Notes on data integrity:
- The quarterly data aligns across the income statement, cash flow, and balance sheet sections. Footnotes indicate a consistent net debt calculation using cash and cash equivalents as the offset against total debt.