Top line accelerating.
+18.5% YoY versus +9.5% prior. 3y CAGR +16.3%.
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+18.5% YoY versus +9.5% prior. 3y CAGR +16.3%.
Net margin 19.0% versus 16.9% prior (+2.0pp). Operating 19.1% — gap is tight.
P/E 40.5x — 16% above the 5y median of 34.9x. Forward 47.4x signals EPS contraction next year.
FCF $7.3B versus $3.7B prior. FCF margin 16%; 83% of net income; CapEx 15% of OCF.
Net cash $12.4B versus $13.6B prior. Liquidity: current ratio 1.0.
Dividend distribution not reported versus prior comparable. CapEx $1.3B.
Current: 0.00x
Income · Balance · Cash Flow