Analyst Ratings

Date	Action	Analyst	Rating	Target
Jun-03-26	Reiterated	Morgan Stanley	Equal Weight	$89 → $59
May-11-26	Upgrade	Argus Research	Hold → Buy	$85 → $68
May-04-26	Reiterated	Truist Financial		$56 → $61
Apr-20-26	Reiterated	Truist Financial		$57 → $56
Feb-09-26	Reiterated	Barclays	Equal Weight	$56 → $63
Feb-05-26	Reiterated	Seaport Global		$66 → $70
Feb-05-26	Reiterated	Robert W. Baird		$58 → $65
Jan-16-26	Downgrade	JP Morgan	Neutral → Underweight
Jan-05-26	Reiterated	Mizuho Securities		$54 → $51
Jan-05-26	Downgrade	Mizuho	Outperform → Underperform

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	4,738	5,143	6,232	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	1,809	2,008	2,501
Gross Profit	2,930	3,135	3,731
Selling, General and Administrative Excl. Other	1,785	1,883	2,140
Research and Development	304	342	414
Other Operating Expense	1	1	0
Operating Income	841	909	1,177
Interest Expense	120	121	153
Unusual Expense	—	—	—
Non-Operating Income (Expense)	33	35	54
Net Income Before Taxes	685	754	970
Income Taxes	72	113	137
Consolidated Net Income	544	579	833
Net Income From Continuing Operations	612	641	833
Net Income	544	579	833
EPS (Recurring)	1.69	1.75	2.39
EPS (Basic, Before Extraordinaries)	1.69	1.75	2.39
EPS (Diluted)	1.68	1.74	2.36
EBITDA	1,224	1,200	1,666
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	36.33	31.73	—
Price To Sales Ratio	3.99	3.39	—
Gross Margin	61.84	60.96	59.87
Operating Margin	17.75	17.67	18.89
Net Margin	11.48	11.26	13.37
Shares Outstanding	310	316	349
Market Capitalization	18,919	17,446	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Underwood Peter C	SVP - Chief Legal Officer	May 04 '26	Sale	60.81	47,557	2,891,941	87,780	May 06 12:00 AM
Underwood Peter C	SVP - Chief Legal Officer	May 04 '26	Option Exercise	28.92	95,114	2,750,696	135,337	May 06 12:00 AM
MITCHELL KATE	Director	Feb 18 '26	Option Exercise	29.58	14,262	421,870	38,906	Feb 19 12:00 AM
MITCHELL KATE	Director	Feb 18 '26	Sale	58.34	7,131	416,023	31,775	Feb 19 12:00 AM
Underwood Peter C	SVP - Chief Legal Officer	Nov 10 '25	Option Exercise	28.92	116,266	3,362,412	138,208	Nov 12 12:00 AM
Underwood Peter C	SVP - Chief Legal Officer	Nov 10 '25	Sale	51.28	58,133	2,981,060	80,075	Nov 12 12:00 AM
Walker Stacey A.	SVP - Chief People Officer	Oct 31 '25	Sale	50.35	2,192	110,367	59,488	Nov 03 12:00 AM
Okerstrom Mark D	Chief Financial Officer	Aug 01 '25	Buy	47.03	21,300	1,001,739	94,622	Aug 04 12:00 AM
LICO JAMES A	President and CEO	May 15 '25	Sale	72.40	175,000	12,670,000	428,585	May 16 12:00 AM
Underwood Peter C	SVP - Chief Legal Officer	May 12 '25	Sale	73.88	14,327	1,058,479	51,750	May 13 12:00 AM
McLaughlin Charles E	SVP - Chief Financial Officer	Feb 28 '25	Option Exercise	35.84	32,934	1,180,354	108,211	Mar 04 12:00 AM
Walker Stacey A.	SVP - Human Resources	Feb 28 '25	Sale	79.05	3,002	237,308	42,373	Mar 04 12:00 AM
McLaughlin Charles E	SVP - Chief Financial Officer	Feb 28 '25	Sale	78.86	32,085	2,530,223	76,126	Mar 04 12:00 AM
Mulhall Christopher M.	VP - Chief Accounting Officer	Feb 26 '25	Sale	79.98	7,888	630,882	5,815	Feb 28 12:00 AM
Walker Stacey A.	SVP - Human Resources	Feb 26 '25	Sale	80.52	5,688	457,998	47,141	Feb 28 12:00 AM


Market Cap	18.50B	Forward P/E	18.97	EPS next Y	3.22	Insider Trans	0.02%	Shs Float	-	Perf Month	4.86%


Enterprise Value	21.63B	PEG	-	EPS next Q	0.69	Inst Own	-	Short Float	-	Perf Quarter	9.86%


Income	534.62M	P/S	3.90	EPS this Y	78.06%	Inst Trans	-	Short Ratio	-	Perf Half Y	11.65%


Sales	4.74B	P/B	3.09	EPS next Y	7.57%	ROA	4.69%	Short Interest	-	Perf YTD	10.54%


Book/sh	19.98	P/C	17.45	EPS next 5Y	8.66%	ROE	7.39%	52W High	63.40 -3.74%	Perf Year	16.38%


Cash/sh	1.17	P/FCF	19.05	EPS past 3/5Y	-	ROIC	7.29%	52W Low	46.34 31.70%	Perf 3Y	-


Dividend Est.	0.24 (0.39%)	EV/EBITDA	17.68	Sales past 3/5Y	-4.07% 2.11%	Gross Margin	61.83%	Volatility	2.02% 1.80%	Perf 5Y	-


Dividend TTM	0.18 (0.29%)	EV/Sales	4.57	EPS Y/Y TTM	21.19%	Oper. Margin	17.73%	ATR (14)	1.52	Perf 10Y	-


Dividend Ex-Date	Jun 22, 2026	Quick Ratio	0.57	Sales Y/Y TTM	-23.97%	Profit Margin	11.48%	RSI (14)	54.36	Recom	3.11


Dividend Gr. 3/5Y	4.47% 5.39%	Current Ratio	0.71	EPS Q/Q	-17.65%	SMA20	1.25%	Beta	0.66	Target Price	62.00


Payout	15.34%	Debt/Eq	0.57	Sales Q/Q	-27.48%	SMA50	1.41%	Rel Volume	1.70	Prev Close	60.68


Employees	10,000	LT Debt/Eq	0.36	Earnings	Jul 29	SMA200	10.95%	Avg Volume	3.30M	Price	61.03


IPO Date	Jul 05, 2016	Option/Short	Yes / Yes	EPS/Sales Surpr.	8.86% 2.89%	Net Debt/EBITDA	2.56	Volume	5,619,247	Change	0.58%

FTV