Analyst Ratings

Date	Action	Analyst	Rating	Target
May-29-26	Reiterated	Stifel Nicolaus	Hold	$72 → $70
May-06-26	Reiterated	Morgan Stanley	Equal Weight	$63 → $59
Apr-30-26	Reiterated	Deutsche Bank	Buy	$77 → $72
Apr-30-26	Reiterated	Stifel Nicolaus	Hold	$75 → $72
Apr-30-26	Reiterated	Truist Financial		$70 → $68
Apr-30-26	Reiterated	Susquehanna	Positive	$77 → $70
Apr-08-26	Reiterated	Morgan Stanley	Equal Weight	$62 → $63
Feb-12-26	Reiterated	Morgan Stanley	Equal Weight	$60 → $62
Feb-11-26	Reiterated	Truist Financial		$75 → $80
Feb-11-26	Reiterated	Mizuho Securities		$68 → $77

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	2,021	2,011	1,939	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	867	954	744
Gross Profit	1,155	1,058	1,195
Selling, General and Administrative Excl. Other	451	441	432
Research and Development	0	0	0
Other Operating Expense	116	19	194
Operating Income	587	597	569
Interest Expense	201	202	229
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-14	-7	12
Net Income Before Taxes	399	402	328
Income Taxes	47	47	37
Consolidated Net Income	186	188	154
Net Income From Continuing Operations	353	356	291
Net Income	186	188	154
EPS (Recurring)	4.18	3.19	2.61
EPS (Basic, Before Extraordinaries)	4.18	3.19	2.61
EPS (Diluted)	2.40	3.12	2.53
EBITDA	805	802	744
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	25.55	19.86	—
Price To Sales Ratio	1.76	1.82	—
Gross Margin	57.15	52.61	61.63
Operating Margin	29.05	29.69	29.35
Net Margin	9.20	9.35	7.94
Shares Outstanding	58	59	61
Market Capitalization	3,557	3,655	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Welch Jeffrey T	EVP and Chief Legal Officer	May 26 '26	Option Exercise	24.98	253,462	6,331,480	435,314	May 28 12:00 AM
Nichols Kord	EVP & Chief Operating Officer	Aug 22 '25	Sale	61.03	37,075	2,262,539	87,036	Aug 25 12:00 AM
Nichols Kord	EVP & Chief Operating Officer	Aug 13 '25	Sale	61.00	5,250	320,250	124,111	Aug 14 12:00 AM
Nichols Kord	EVP & Chief Operating Officer	Aug 12 '25	Sale	58.61	42,325	2,480,668	129,361	Aug 13 12:00 AM
Nichols Kord	EVP & Chief Operating Officer	Aug 11 '25	Option Exercise	37.47	412,710	15,462,181	293,391	Aug 13 12:00 AM
Welch Jeffrey T	EVP and Chief Legal Officer	Aug 01 '25	Sale	60.23	56,653	3,412,210	314,767	Aug 04 12:00 AM
Cootey Stephen Lawrence	EVP & Chief Financial Officer	Aug 01 '25	Sale	60.04	121,400	7,288,856	260,268	Aug 04 12:00 AM
Welch Jeffrey T	EVP and Chief Legal Officer	Jul 31 '25	Option Exercise	24.11	620,420	14,958,326	568,324	Aug 04 12:00 AM
Cootey Stephen Lawrence	EVP & Chief Financial Officer	Jul 31 '25	Option Exercise	24.11	664,738	16,026,834	592,637	Aug 04 12:00 AM
Welch Jeffrey T	EVP and Chief Legal Officer	Feb 26 '25	Option Exercise	29.61	318,348	9,426,284	381,845	Feb 28 12:00 AM
FERTITTA FRANK J III	Chief Executive Officer	Aug 06 '24	Buy	52.91	67,000	3,545,104	46,115,301	Aug 07 12:00 AM
FERTITTA LORENZO J	Vice President	Aug 06 '24	Buy	52.91	33,000	1,746,096	47,579,301	Aug 07 12:00 AM
FERTITTA FRANK J III	Chief Executive Officer	Aug 05 '24	Buy	49.77	67,000	3,334,523	46,048,301	Aug 07 12:00 AM
FERTITTA LORENZO J	Vice President	Aug 05 '24	Buy	49.77	33,000	1,642,377	47,546,301	Aug 07 12:00 AM
FERTITTA FRANK J III	Chief Executive Officer	Aug 02 '24	Buy	51.91	67,000	3,477,970	45,981,301	Aug 05 12:00 AM


Market Cap	3.47B	Forward P/E	20.74	EPS next Y	2.96	Insider Trans	0.24%	Shs Float	-	Perf Month	18.88%


Enterprise Value	3.41B	PEG	0.97	EPS next Q	0.48	Inst Own	-	Short Float	-	Perf Quarter	2.46%


Income	187.82M	P/S	1.72	EPS this Y	20.77%	Inst Trans	-	Short Ratio	-	Perf Half Y	-2.14%


Sales	2.02B	P/B	24.11	EPS next Y	2.03%	ROA	4.41%	Short Interest	-	Perf YTD	-1.00%


Book/sh	2.38	P/C	5.52	EPS next 5Y	2.20%	ROE	96.22%	52W High	68.99 -11.10%	Perf Year	21.42%


Cash/sh	1.28	P/FCF	5.80	EPS past 3/5Y	-	ROIC	13.25%	52W Low	49.47 23.97%	Perf 3Y	-


Dividend Est.	2.03 (3.31%)	EV/EBITDA	4.23	Sales past 3/5Y	6.52% 11.21%	Gross Margin	57.12%	Volatility	2.35% 2.28%	Perf 5Y	-


Dividend TTM	2.03 (3.31%)	EV/Sales	1.69	EPS Y/Y TTM	22.92%	Oper. Margin	29.03%	ATR (14)	1.95	Perf 10Y	-


Dividend Ex-Date	Jun 15, 2026	Quick Ratio	0.76	Sales Y/Y TTM	4.23%	Profit Margin	9.21%	RSI (14)	61.31	Recom	2.29


Dividend Gr. 3/5Y	0.17% 82.24%	Current Ratio	0.81	EPS Q/Q	-8.75%	SMA20	4.42%	Beta	0.68	Target Price	70.78


Payout	31.88%	Debt/Eq	0.49	Sales Q/Q	1.81%	SMA50	9.39%	Rel Volume	1.31	Prev Close	59.13


Employees	9,300	LT Debt/Eq	0.09	Earnings	Jul 28	SMA200	4.21%	Avg Volume	905.86K	Price	61.33


IPO Date	Apr 27, 2016	Option/Short	Yes / Yes	EPS/Sales Surpr.	35.19% 0.20%	Net Debt/EBITDA	-0.08	Volume	1,190,347	Change	3.72%

RRR