Analyst Ratings

Date	Action	Analyst	Rating	Target
Apr-24-26	Reiterated	CBRE	Buy	$75 → $100
Apr-24-26	Reiterated	Stifel Nicolaus	Buy	$95 → $91
Apr-24-26	Reiterated	Barclays	Equal Weight	$68 → $86
Apr-16-26	Reiterated	Wells Fargo	Equal Weight	$84 → $83
Feb-11-26	Reiterated	Morgan Stanley	Equal Weight	$87 → $86
Feb-11-26	Reiterated	Susquehanna	Neutral	$75 → $89
Feb-09-26	Reiterated	Wells Fargo	Equal Weight	$77 → $84
Feb-06-26	Reiterated	Stifel Nicolaus	Buy	$90 → $95
Feb-02-26	Reiterated	Mizuho Securities		$99 → $100
Jan-16-26	Reiterated	Morgan Stanley	Equal Weight	$85 → $87

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	4,097	4,092	3,930	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	2,480	2,367	1,880
Gross Profit	1,617	1,724	2,050
Selling, General and Administrative Excl. Other	669	669	539
Research and Development	7	0	29
Other Operating Expense	100	179	554
Operating Income	841	877	928
Interest Expense	137	158	177
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-1,611	-1,611	-2
Net Income Before Taxes	2,314	2,330	752
Income Taxes	483	491	174
Consolidated Net Income	1,837	1,843	578
Net Income From Continuing Operations	1,832	1,839	578
Net Income	1,837	1,843	578
EPS (Recurring)	22.81	22.56	6.19
EPS (Basic, Before Extraordinaries)	22.81	22.56	6.19
EPS (Diluted)	22.81	22.56	6.19
EBITDA	2,781	2,790	1,206
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	3.71	3.78	—
Price To Sales Ratio	1.59	1.71	—
Gross Margin	39.47	42.13	52.16
Operating Margin	20.53	21.43	23.61
Net Margin	44.84	45.04	14.71
Shares Outstanding	77	82	93
Market Capitalization	6,520	6,990	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Clinton Uri	Chief Legal Off. & Secretary	Jun 09 '26	Sale	87.69	3,468	304,109	56,818	Jun 09 12:00 AM
SMITH KEITH	President and CEO	Jun 03 '26	Sale	85.90	100,000	8,590,000	996,981	Jun 04 12:00 AM
SPADAFOR CHRISTINE J.	Director	May 13 '26	Sale	80.91	1,237	100,086	8,757	May 14 12:00 AM
JOHNSON MARIANNE BOYD	Chairman	May 05 '26	Sale	84.03	62,914	5,286,663	1,609,808	May 05 12:00 AM
JOHNSON MARIANNE BOYD	Chairman	May 01 '26	Sale	85.27	37,086	3,162,323	1,672,722	May 05 12:00 AM
Thompson Stephen S.	Chief Administrative Officer	Feb 27 '26	Sale	83.59	19,530	1,632,513	22,009	Mar 02 12:00 AM
Hirsberg Josh	CFO & Treasurer	Feb 26 '26	Option Exercise	17.75	47,848	849,302	459,670	Mar 02 12:00 AM
Hirsberg Josh	CFO & Treasurer	Feb 26 '26	Sale	85.86	23,924	2,054,115	435,746	Mar 02 12:00 AM
BOYD WILLIAM R	Director	Feb 18 '26	Sale	84.84	30,000	2,545,200	1,930,447	Feb 19 12:00 AM
BOYD WILLIAM R	Director	Nov 07 '25	Sale	80.36	20,000	1,607,200	1,960,447	Nov 12 12:00 AM
JOHNSON MARIANNE BOYD	Executive Chairman	Sep 04 '25	Sale	86.62	100,000	8,662,000	1,704,379	Sep 05 12:00 AM
Hirsberg Josh	CFO & Treasurer	Aug 22 '25	Sale	85.41	40,035	3,419,389	420,185	Aug 25 12:00 AM
SMITH KEITH	President and CEO	Aug 22 '25	Sale	85.21	25,000	2,130,250	1,046,689	Aug 22 12:00 AM
SMITH KEITH	President and CEO	Aug 19 '25	Sale	83.91	25,000	2,097,750	1,071,689	Aug 20 12:00 AM
SMITH KEITH	President and CEO	Aug 18 '25	Sale	83.09	50,000	4,154,500	1,096,689	Aug 20 12:00 AM


Market Cap	6.23B	Forward P/E	10.83	EPS next Y	7.82	Insider Trans	-0.31%	Shs Float	-	Perf Month	8.44%


Enterprise Value	8.78B	PEG	0.01	EPS next Q	1.89	Inst Own	-	Short Float	-	Perf Quarter	1.95%


Income	1.78B	P/S	1.52	EPS this Y	-68.74%	Inst Trans	-	Short Ratio	-	Perf Half Y	-0.39%


Sales	4.10B	P/B	2.54	EPS next Y	9.68%	ROA	27.79%	Short Interest	-	Perf YTD	-0.66%


Book/sh	34.08	P/C	7.53	EPS next 5Y	11.84%	ROE	79.86%	52W High	89.96 -5.87%	Perf Year	12.53%


Cash/sh	5.02	P/FCF	22.18	EPS past 3/5Y	-	ROIC	11.39%	52W Low	75.13 12.71%	Perf 3Y	-


Dividend Est.	0.76 (0.90%)	EV/EBITDA	3.16	Sales past 3/5Y	4.80% 13.44%	Gross Margin	39.47%	Volatility	1.48% 1.73%	Perf 5Y	-


Dividend TTM	0.76 (0.90%)	EV/Sales	2.14	EPS Y/Y TTM	19.55%	Oper. Margin	20.52%	ATR (14)	2.24	Perf 10Y	-


Dividend Ex-Date	Jun 15, 2026	Quick Ratio	0.58	Sales Y/Y TTM	4.25%	Profit Margin	44.84%	RSI (14)	48.95	Recom	2.67


Dividend Gr. 3/5Y	6.27% -	Current Ratio	0.60	EPS Q/Q	-1.23%	SMA20	-0.41%	Beta	0.73	Target Price	95.00


Payout	3.12%	Debt/Eq	1.15	Sales Q/Q	0.50%	SMA50	-0.07%	Rel Volume	1.79	Prev Close	83.88


Employees	16,129	LT Debt/Eq	1.21	Earnings	Jul 23	SMA200	1.10%	Avg Volume	1.05M	Price	84.68


IPO Date	Oct 15, 1993	Option/Short	Yes / Yes	EPS/Sales Surpr.	-9.09% -0.50%	Net Debt/EBITDA	0.92	Volume	1,875,567	Change	0.95%

BYD