Analyst Ratings

Date	Action	Analyst	Rating	Target
May-26-26	Initiated	Scotiabank	Outperform	$176
May-12-26	Reiterated	Morgan Stanley	Equal Weight	$139 → $170
May-01-26	Reiterated	Jefferies		$150 → $166
May-01-26	Reiterated	Barclays	Equal Weight	$119 → $143
Apr-30-26	Reiterated	Raymond James	Outperform	$145 → $158
Apr-22-26	Upgrade	Morgan Stanley	Underweight → Equal Weight
Apr-20-26	Reiterated	Goldman Sachs	Sell	$46 → $127
Feb-24-26	Downgrade	Stifel	Buy → Hold
Feb-23-26	Reiterated	Stifel Nicolaus		$119 → $137
Feb-22-26	Reiterated	Wells Fargo	Overweight	$133 → $150

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	1,276	1,243	981	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	535	329	453
Gross Profit	741	914	528
Selling, General and Administrative Excl. Other	0	0	0
Research and Development	0	0	0
Other Operating Expense	108	300	39
Operating Income	633	614	489
Interest Expense	161	161	153
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-150	-145	-168
Net Income Before Taxes	622	598	504
Income Taxes	145	144	137
Consolidated Net Income	463	441	354
Net Income From Continuing Operations	477	454	367
Net Income	463	441	354
EPS (Recurring)	4.55	4.47	3.63
EPS (Basic, Before Extraordinaries)	4.55	4.47	3.63
EPS (Diluted)	4.51	4.43	3.60
EBITDA	1,060	1,034	884
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	31.77	27.02	—
Price To Sales Ratio	11.46	9.82	—
Gross Margin	58.07	73.53	53.82
Operating Margin	49.61	49.40	49.85
Net Margin	36.29	35.48	36.09
Shares Outstanding	102	102	98
Market Capitalization	14,617	12,207	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Jewell Jeffrey A	Executive V.P., CFO	May 15 '26	Buy	147.73	150	22,160	89,732	May 15 12:00 AM
Archon Angela N	Director	May 06 '26	Option Exercise	0.00	2,323	0	6,073	May 07 12:00 AM
Jewell Jeffrey A	Executive V.P., CFO	May 04 '26	Option Exercise	0.00	29,318	0	105,691	May 06 12:00 AM
Finland Joseph Peter	Chief Accounting Officer	Mar 05 '26	Option Exercise	0.00	1,998	0	2,069	Mar 09 12:00 AM
Tumminello Peter I	Director	Feb 26 '26	Sale	135.79	2,002	271,852	11,386	Feb 27 12:00 AM
Jewell Jeffrey A	Executive V.P., CFO	Feb 25 '26	Buy	136.33	185	25,221	89,583	Feb 25 12:00 AM
Ellis Wendy	E.V.P., Gen Counsel & Corp Sec	Feb 01 '26	Option Exercise	0.00	8,733	0	17,767	Feb 03 12:00 AM
Slater David	Exec. Chair and CEO	Feb 01 '26	Option Exercise	0.00	54,645	0	203,379	Feb 03 12:00 AM
Finland Joseph Peter	Chief Accounting Officer	Feb 01 '26	Option Exercise	0.00	606	0	321	Feb 03 12:00 AM
Jewell Jeffrey A	Executive V.P., CFO	Feb 01 '26	Option Exercise	0.00	14,404	0	72,015	Feb 03 12:00 AM
Cox Melissa	E.V.P., Chief Admin. Off.	Feb 01 '26	Option Exercise	0.00	4,456	0	7,533	Feb 03 12:00 AM
Zona Christopher	President and Chief Oper. Off.	Feb 01 '26	Option Exercise	0.00	14,851	0	79,021	Feb 03 12:00 AM
Cox Melissa	E.V.P., Chief Admin. Off.	Aug 11 '25	Sale	104.47	4,755	496,755	5,171	Aug 12 12:00 AM
Jewell Jeffrey A	Executive V.P., CFO	Aug 07 '25	Buy	104.38	150	15,657	64,380	Aug 07 12:00 AM
Tumminello Peter I	Director	Aug 02 '25	Option Exercise	0.00	2,652	0	13,388	Aug 04 12:00 AM


Market Cap	14.37B	Forward P/E	27.95	EPS next Y	5.13	Insider Trans	0.13%	Shs Float	-	Perf Month	-4.59%


Enterprise Value	17.60B	PEG	1.35	EPS next Q	1.13	Inst Own	-	Short Float	-	Perf Quarter	3.66%


Income	464.31M	P/S	11.27	EPS this Y	7.48%	Inst Trans	-	Short Ratio	-	Perf Half Y	21.01%


Sales	1.28B	P/B	3.02	EPS next Y	5.76%	ROA	4.56%	Short Interest	-	Perf YTD	19.74%


Book/sh	47.99	P/C	15.18	EPS next 5Y	11.97%	ROE	9.82%	52W High	152.89 -6.27%	Perf Year	37.58%


Cash/sh	1.47	P/FCF	28.08	EPS past 3/5Y	-	ROIC	4.93%	52W Low	98.06 46.14%	Perf 3Y	-


Dividend Est.	3.40 (2.37%)	EV/EBITDA	16.60	Sales past 3/5Y	10.55% 10.51%	Gross Margin	58.07%	Volatility	1.88% 1.52%	Perf 5Y	-


Dividend TTM	3.40 (2.37%)	EV/Sales	13.79	EPS Y/Y TTM	25.56%	Oper. Margin	49.61%	ATR (14)	3.03	Perf 10Y	-


Dividend Ex-Date	Jun 15, 2026	Quick Ratio	1.26	Sales Y/Y TTM	30.07%	Profit Margin	36.29%	RSI (14)	53.03	Recom	2.63


Dividend Gr. 3/5Y	8.61% -	Current Ratio	1.26	EPS Q/Q	19.81%	SMA20	0.38%	Beta	0.20	Target Price	150.80


Payout	71.71%	Debt/Eq	0.71	Sales Q/Q	10.89%	SMA50	1.40%	Rel Volume	2.29	Prev Close	140.91


Employees	556	LT Debt/Eq	0.69	Earnings	Jul 30	SMA200	13.71%	Avg Volume	743.84K	Price	143.30


IPO Date	Jul 01, 2021	Option/Short	Yes / Yes	EPS/Sales Surpr.	14.41% 7.01%	Net Debt/EBITDA	3.04	Volume	1,704,796	Change	1.70%

DTM