Analyst Ratings

Date	Action	Analyst	Rating	Target
May-19-26	Reiterated	TD Securities	Buy	$59 → $60
May-15-26	Reiterated	RBC Capital	Outperform	$58 → $61
May-15-26	Reiterated	Scotiabank	Sector Outperform	$52 → $53
Apr-21-26	Reiterated	Morgan Stanley	Overweight	$60 → $61
Feb-17-26	Reiterated	Morgan Stanley	Overweight	$58 → $60
Feb-13-26	Reiterated	Scotiabank	Sector Outperform	$75 → $52
Jan-27-26	Reiterated	Morgan Stanley	Overweight	$54 → $58
Dec-17-25	Reiterated	BMO Capital	Outperform	$62 → $49
Dec-15-25	Reiterated	RBC Capital	Outperform	$56 → $58
Nov-14-25	Reiterated	CIBC	Outperform	$57 → $52

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	76,579	76,128	86,006	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	49,561	46,594	67,936
Gross Profit	27,018	29,534	18,070
Selling, General and Administrative Excl. Other	60	78	76
Research and Development	0	0	0
Other Operating Expense	5,267	7,680	0
Operating Income	21,690	21,776	17,994
Interest Expense	17,230	17,100	16,615
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-1,467	-618	-1,456
Net Income Before Taxes	5,192	4,370	2,835
Income Taxes	1,144	1,135	982
Consolidated Net Income	1,335	1,307	641
Net Income From Continuing Operations	4,048	3,235	1,853
Net Income	1,335	1,307	641
EPS (Recurring)	0.53	0.52	0.21
EPS (Basic, Before Extraordinaries)	0.53	0.52	0.21
EPS (Diluted)	0.52	0.50	0.21
EBITDA	33,668	32,765	29,187
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	85.46	91.78	—
Price To Sales Ratio	1.45	1.51	—
Gross Margin	35.28	38.80	21.01
Operating Margin	28.32	28.60	20.92
Net Margin	1.74	1.72	0.75
Shares Outstanding	2,502	2,502	2,267
Market Capitalization	111,189	114,817	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
BCP GP Ltd	other: Former 10% Owner	Jan 02 '24	Sale	2.20	3,922,786	8,630,130	23,352,826	Jan 04 12:00 AM
BCP GP Ltd	10% Owner	Dec 29 '23	Sale	2.22	129,022	285,965	27,275,612	Dec 29 12:00 AM
BCP GP Ltd	10% Owner	Dec 28 '23	Sale	2.23	382,682	854,262	27,404,634	Dec 29 12:00 AM
BCP GP Ltd	10% Owner	Dec 27 '23	Sale	2.12	419,324	887,081	27,787,316	Dec 27 12:00 AM
BCP GP Ltd	10% Owner	Dec 26 '23	Sale	2.11	326,944	688,709	28,206,640	Dec 27 12:00 AM
BCP GP Ltd	10% Owner	Dec 22 '23	Sale	2.08	354,813	738,153	28,533,584	Dec 27 12:00 AM
BCP GP Ltd	10% Owner	Dec 21 '23	Sale	2.03	480,159	976,979	28,888,397	Dec 22 12:00 AM
BCP GP Ltd	10% Owner	Dec 20 '23	Sale	2.18	225,790	491,613	29,368,556	Dec 22 12:00 AM
BCP GP Ltd	10% Owner	Dec 19 '23	Sale	2.22	387,068	859,949	29,594,346	Dec 19 12:00 AM
BCP GP Ltd	10% Owner	Dec 18 '23	Sale	2.24	387,068	866,220	29,981,414	Dec 19 12:00 AM
OCM Growth Holdings LLC	director, 10 percent owner:	Dec 18 '23	Sale	12.76	12,365	157,734	16,492,168	Dec 19 12:00 AM
BCP GP Ltd	10% Owner	Dec 15 '23	Sale	2.47	132,700	328,259	30,368,482	Dec 19 12:00 AM
OCM Growth Holdings LLC	director, 10 percent owner:	Dec 15 '23	Sale	12.69	237,635	3,016,111	16,504,533	Dec 19 12:00 AM
OCM Growth Holdings LLC	director, 10 percent owner:	Dec 12 '23	Sale	12.06	562,500	6,782,400	16,742,168	Dec 14 12:00 AM
OCM Growth Holdings LLC	director, 10 percent owner:	Nov 13 '23	Sale	12.06	3,750,000	45,216,000	17,304,668	Nov 16 12:00 AM


Market Cap	99.93B	Forward P/E	13.06	EPS next Y	3.40	Insider Trans	-	Shs Float	-	Perf Month	0.36%


Enterprise Value	353.20B	PEG	0.51	EPS next Q	0.65	Inst Own	-	Short Float	-	Perf Quarter	13.60%


Income	1.19B	P/S	1.30	EPS this Y	429.46%	Inst Trans	-	Short Ratio	-	Perf Half Y	-1.22%


Sales	76.58B	P/B	2.38	EPS next Y	23.61%	ROA	0.26%	Short Interest	-	Perf YTD	-3.16%


Book/sh	67.80	P/C	21.27	EPS next 5Y	22.91%	ROE	2.84%	52W High	49.57 -10.35%	Perf Year	14.98%


Cash/sh	6.15	P/FCF	-	EPS past 3/5Y	-	ROIC	3.24%	52W Low	37.93 17.16%	Perf 3Y	-


Dividend Est.	0.26 (0.59%)	EV/EBITDA	10.49	Sales past 3/5Y	-6.38% 3.94%	Gross Margin	35.28%	Volatility	1.72% 1.84%	Perf 5Y	-


Dividend TTM	0.26 (0.59%)	EV/Sales	4.61	EPS Y/Y TTM	1274.19%	Oper. Margin	28.32%	ATR (14)	1.19	Perf 10Y	-


Dividend Ex-Date	Jun 15, 2026	Quick Ratio	1.72	Sales Y/Y TTM	-10.96%	Profit Margin	1.74%	RSI (14)	45.77	Recom	2.00


Dividend Gr. 3/5Y	-7.35% 4.49%	Current Ratio	1.72	EPS Q/Q	1.54%	SMA20	-1.69%	Beta	1.55	Target Price	58.75


Payout	42.11%	Debt/Eq	5.72	Sales Q/Q	2.51%	SMA50	-1.92%	Rel Volume	0.73	Prev Close	44.74


Employees	250,000	LT Debt/Eq	1.58	Earnings	Nov 10	SMA200	-1.34%	Avg Volume	5.01M	Price	44.44


IPO Date	Dec 30, 1983	Option/Short	Yes / Yes	EPS/Sales Surpr.	9.63% 0.74%	Net Debt/EBITDA	7.52	Volume	3,679,736	Change	-0.67%

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