Bright Horizons Family Solutions
BFAM NYSE Specialized Consumer Services Financials FY2016–FY2025
Bright Horizons Family Solutions' revenue rose 9.2% to $2.9 billion in fiscal 2025. Its operating margin was 10.7%, up from 9.2% a year earlier. Free cash flow was $259 million, up 7.7%. It paid out $225 million in dividends and buybacks, 87% of free cash flow. The diluted share count fell 1.8%.
Revenue
Total sales reported in the income statement.
$2.9B
9.2%
vs prior year
Operating margin
Operating income as a share of revenue.
10.7%
1.6 pts
Net income
Profit after all expenses, interest and tax.
$193M
37.7%
Free cash flow
Cash from operations minus capital spending.
$259M
7.7%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
11.2%
2.8 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$3.7B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
22.5x
On $3.17 EPS (TTM)
What Bright Horizons Family Solutions does
No business description yet.
- Legal name
- BRIGHT HORIZONS FAMILY SOLUTIONS INC.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0001437578-26-000006
0001437578
Revenue and margins
Bright Horizons Family Solutions had $2.9B of revenue in fiscal 2025, up 9.2% on the year before.
FY16
Revenue $1.6B
FY17
Revenue $1.7B
FY18
Revenue $1.9B
FY19
Revenue $2.1B
FY20
Revenue $1.5B
FY21
Revenue $1.8B
FY22
Revenue $2.0B
FY23
Revenue $2.4B
FY24
Revenue $2.7B
FY25
Revenue $2.9B
Q3 '23
Revenue $646M
Q4 '23
Revenue $616M
Q1 '24
Revenue $623M
Q2 '24
Revenue $670M
Q3 '24
Revenue $719M
Q4 '24
Revenue $674M
Q1 '25
Revenue $666M
Q2 '25
Revenue $732M
Q3 '25
Revenue $803M
Q4 '25
Revenue $734M
Q1 '26
Revenue $712M
Q2 '26
Revenue $779M
FY16
Gross 24.9%
Operating 12.6%
Net 6.0%
FCF 8.8%
FY17
Gross 24.7%
Operating 11.8%
Net 9.0%
FCF 9.2%
FY18
Gross 24.9%
Operating 12.6%
Net 8.3%
FCF 10.6%
FY19
Gross 25.4%
Operating 13.0%
Net 8.8%
FCF 10.6%
FY20
Gross 20.1%
Operating 3.5%
Net 1.8%
FCF 8.2%
FY21
Gross 23.6%
Operating 7.4%
Net 4.0%
FCF 9.3%
FY22
Gross 23.7%
Operating 7.8%
Net 4.0%
FCF 5.8%
FY23
Gross 22.0%
Operating 7.1%
Net 3.1%
FCF 6.8%
FY24
Gross 23.1%
Operating 9.2%
Net 5.2%
FCF 8.9%
FY25
Gross 23.8%
Operating 10.7%
Net 6.6%
FCF 8.8%
Gross
Operating
Net
FCF
Q3 '23
Gross 24.4%
Operating 10.4%
Net 6.2%
FCF −6.1%
Q4 '23
Gross 18.8%
Operating 4.6%
Net 0.9%
FCF 10.5%
Q1 '24
Gross 21.7%
Operating 6.4%
Net 2.7%
FCF 15.6%
Q2 '24
Gross 24.2%
Operating 10.3%
Net 5.9%
FCF 13.0%
Q3 '24
Gross 25.2%
Operating 12.4%
Net 7.6%
FCF −4.5%
Q4 '24
Gross 20.9%
Operating 7.2%
Net 4.3%
FCF 13.1%
Q1 '25
Gross 23.4%
Operating 9.4%
Net 5.7%
FCF 10.7%
Q2 '25
Gross 25.0%
Operating 11.8%
Net 7.5%
FCF 15.8%
Q3 '25
Gross 27.0%
Operating 15.1%
Net 9.8%
FCF −5.3%
Q4 '25
Gross 19.3%
Operating 6.2%
Net 3.0%
FCF 15.6%
Q1 '26
Gross 23.0%
Operating 9.1%
Net 4.8%
FCF 12.3%
Q2 '26
Gross 24.3%
Operating 10.2%
Net 5.2%
FCF 9.8%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 9.0% a year. Loss periods are shown in red.
FY16
Net income $94.8M
FY17
Net income $157M
FY18
Net income $158M
FY19
Net income $180M
FY20
Net income $27.0M
FY21
Net income $70.5M
FY22
Net income $80.6M
FY23
Net income $74.2M
FY24
Net income $140M
FY25
Net income $193M
Q3 '23
Net income $40.0M
Q4 '23
Net income $5.5M
Q1 '24
Net income $17.0M
Q2 '24
Net income $39.2M
Q3 '24
Net income $54.9M
Q4 '24
Net income $29.1M
Q1 '25
Net income $38.0M
Q2 '25
Net income $54.8M
Q3 '25
Net income $78.6M
Q4 '25
Net income $21.7M
Q1 '26
Net income $34.1M
Q2 '26
Net income $40.6M
FY16
Diluted EPS $1.55
FY17
Diluted EPS $2.59
FY18
Diluted EPS $2.66
FY19
Diluted EPS $3.05
FY20
Diluted EPS $0.45
FY21
Diluted EPS $1.15
FY22
Diluted EPS $1.37
FY23
Diluted EPS $1.28
FY24
Diluted EPS $2.40
FY25
Diluted EPS $3.36
Q3 '23
Diluted EPS $0.69
Q4 '23
Diluted EPS $0.10
Q1 '24
Diluted EPS $0.29
Q2 '24
Diluted EPS $0.67
Q3 '24
Diluted EPS $0.94
Q4 '24
Diluted EPS $0.50
Q1 '25
Diluted EPS $0.66
Q2 '25
Diluted EPS $0.95
Q3 '25
Diluted EPS $1.37
Q4 '25
Diluted EPS $0.39
Q1 '26
Diluted EPS $0.62
Q2 '26
Diluted EPS $0.79
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital 7.8%
Return on equity 13.4%
Return on assets 4.2%
FY17
Return on capital 11.4%
Return on equity 21.9%
Return on assets 6.5%
FY18
Return on capital 11.0%
Return on equity 20.7%
Return on assets 6.3%
FY19
Return on capital 11.5%
Return on equity 20.6%
Return on assets 6.2%
FY20
Return on capital 2.8%
Return on equity 2.4%
Return on assets 0.8%
FY21
Return on capital 5.3%
Return on equity 5.7%
Return on assets 1.9%
FY22
Return on capital 5.8%
Return on equity 7.1%
Return on assets 2.2%
FY23
Return on capital 5.2%
Return on equity 6.5%
Return on assets 1.9%
FY24
Return on capital 8.4%
Return on equity 11.3%
Return on assets 3.6%
FY25
Return on capital 11.2%
Return on equity 14.8%
Return on assets 5.0%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $259M in fiscal 2025, 8.8% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $138M
FY17
Free cash flow $160M
FY18
Free cash flow $202M
FY19
Free cash flow $219M
FY20
Free cash flow $125M
FY21
Free cash flow $164M
FY22
Free cash flow $118M
FY23
Free cash flow $165M
FY24
Free cash flow $240M
FY25
Free cash flow $259M
Q3 '23
Free cash flow −$39.2M
Q4 '23
Free cash flow $64.4M
Q1 '24
Free cash flow $96.9M
Q2 '24
Free cash flow $86.8M
Q3 '24
Free cash flow −$32.2M
Q4 '24
Free cash flow $88.6M
Q1 '25
Free cash flow $71.0M
Q2 '25
Free cash flow $115M
Q3 '25
Free cash flow −$42.5M
Q4 '25
Free cash flow $115M
Q1 '26
Free cash flow $87.6M
Q2 '26
Free cash flow $76.1M
FY16
Cash from operations $213M
Capital spending $75.3M
FY17
Cash from operations $248M
Capital spending $88.1M
FY18
Cash from operations $295M
Capital spending $92.5M
FY19
Cash from operations $330M
Capital spending $112M
FY20
Cash from operations $210M
Capital spending $84.7M
FY21
Cash from operations $227M
Capital spending $63.5M
FY22
Cash from operations $189M
Capital spending $70.6M
FY23
Cash from operations $256M
Capital spending $91.0M
FY24
Cash from operations $338M
Capital spending $97.3M
FY25
Cash from operations $351M
Capital spending $92.2M
Cash from operations
Capital spending
Q3 '23
Cash from operations −$19.1M
Capital spending $20.1M
Q4 '23
Cash from operations $95.2M
Capital spending $30.8M
Q1 '24
Cash from operations $116M
Capital spending $19.4M
Q2 '24
Cash from operations $109M
Capital spending $22.6M
Q3 '24
Cash from operations −$8.9M
Capital spending $23.2M
Q4 '24
Cash from operations $121M
Capital spending $32.1M
Q1 '25
Cash from operations $86.2M
Capital spending $15.2M
Q2 '25
Cash from operations $134M
Capital spending $18.8M
Q3 '25
Cash from operations −$17.6M
Capital spending $24.9M
Q4 '25
Cash from operations $148M
Capital spending $33.3M
Q1 '26
Cash from operations $108M
Capital spending $20.1M
Q2 '26
Cash from operations $95.1M
Capital spending $19.0M
Cash from operations
Capital spending
Dividends, buybacks and share count
Bright Horizons Family Solutions returned $225M to shareholders in fiscal 2025, 87% of free cash flow. The diluted share count fell 1.8%.
FY16
Dividends $0.0M
Buybacks $113M
FY17
Dividends $0.0M
Buybacks $162M
FY18
Dividends $0.0M
Buybacks $127M
FY19
Dividends $0.0M
Buybacks $31.6M
FY20
Dividends $0.0M
Buybacks $32.7M
FY21
Dividends $0.0M
Buybacks $214M
FY22
Dividends $0.0M
Buybacks $183M
FY23
Dividends $0.0M
Buybacks $0.0M
FY24
Dividends $0.0M
Buybacks $84.6M
FY25
Dividends $0.0M
Buybacks $225M
Dividends
Buybacks
Q3 '23
Dividends $0.0M
Buybacks $0.0M
Q4 '23
Dividends $0.0M
Buybacks $0.0M
Q1 '24
Dividends $0.0M
Buybacks $0.0M
Q2 '24
Dividends $0.0M
Buybacks $0.0M
Q3 '24
Dividends $0.0M
Buybacks $0.0M
Q4 '24
Dividends $0.0M
Buybacks $84.6M
Q1 '25
Dividends $0.0M
Buybacks $19.6M
Q2 '25
Dividends $0.0M
Buybacks $40.8M
Q3 '25
Dividends $0.0M
Buybacks $44.3M
Q4 '25
Dividends $0.0M
Buybacks $121M
Q1 '26
Dividends $0.0M
Buybacks $225M
Q2 '26
Dividends $0.0M
Buybacks $247M
Dividends
Buybacks
FY16
Diluted shares 0.06B
FY17
Diluted shares 0.06B
FY18
Diluted shares 0.06B
FY19
Diluted shares 0.06B
FY20
Diluted shares 0.06B
FY21
Diluted shares 0.06B
FY22
Diluted shares 0.06B
FY23
Diluted shares 0.06B
FY24
Diluted shares 0.06B
FY25
Diluted shares 0.06B
Value Bright Horizons Family Solutions yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of −$592M and divides by 57.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
—
Reference multiples: today 22.5x · peers 21.8x · sector 17.7x.
Balance sheet
Cash, debt and the ratios that show how comfortably Bright Horizons Family Solutions can carry it.
FY16
Cash $14.6M
Debt $1.1B
FY17
Cash $23.2M
Debt $1.1B
FY18
Cash $15.4M
Debt $1.0B
FY19
Cash $44.9M
Debt $1.0B
FY20
Cash $406M
Debt $1.0B
FY21
Cash $284M
Debt $992M
FY22
Cash $53.9M
Debt $978M
FY23
Cash $93.6M
Debt $963M
FY24
Cash $122M
Debt $947M
FY25
Cash $156M
Debt $748M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $284M | $53.9M | $93.6M | $122M | $156M |
| Debt incl. finance leases | $992M | $978M | $963M | $947M | $748M |
| Net debt / EBITDA | 3.0x | 3.5x | 3.1x | 2.4x | 1.5x |
| Debt / equity | 0.8x | 0.9x | 0.8x | 0.7x | 0.6x |
| Interest coverage | 4.0x | 4.0x | 3.3x | 5.1x | 7.0x |
| Current ratio | 0.9x | 0.4x | 0.6x | 0.6x | 0.5x |
| Quick ratio | 0.9x | 0.4x | 0.6x | 0.6x | 0.5x |
| Total assets | $3.6B | $3.8B | $3.9B | $3.9B | $3.9B |
| Total liabilities | $2.5B | $2.7B | $2.7B | $2.6B | $2.6B |
| Shareholders' equity | $1.2B | $1.1B | $1.2B | $1.3B | $1.3B |
| Net debt (− = net cash) | $709M | $924M | $869M | $825M | $592M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.7M
2 insiders
Of sales under plans
34%
$0.2M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | Mary Ann TocioDirector | Sold | 6,000 | $72.65 | $0.4M | Form 4 |
| Sep 1, 2026 | Mary Lou BurkeCOO North America Center Ops | Sold plan | 1,200 | $75.00 | $0.1M | Form 4 |
| Aug 3, 2026 | Mary Lou BurkeCOO North America Center Ops | Sold plan | 1,200 | $75.57 | $0.1M | Form 4 |
| Jul 28, 2026 | Mary Lou BurkeCOO North America Center Ops | Sold plan | 500 | $80.00 | $0.0M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✕ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | ✓ | ✓ | ✓ |
| Current ratio rose | ✓ | ✓ | ✕ |
| Share count didn't rise | ✓ | ✕ | ✓ |
| Gross margin rose | ✕ | ✓ | ✓ |
| Revenue rose relative to assets | ✓ | ✓ | ✓ |
| F-score | 7 / 9 | 8 / 9 | 8 / 9 |
| Accruals ratio | −4.7% | −5.1% | −4.1% |
| Altman Z'' | 0.70 | 1.12 | 1.12 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Bright Horizons Family Solutions BFAM | $3.7B | 9.2% | 10.7% | 8.8% | 11.2% | 22.5x | 8 | |
| H&R Block HRB | $6.4B | 4.9% | — | 19.2% | 129.0% | — | 8 | Compare → |
| Frontdoor FTDR | $6.0B | 13.6% | — | 18.6% | 33.9% | 22.3x | 7 | Compare → |
| Service Corp Intl SCI | $11.5B | 2.9% | 22.7% | 12.9% | 11.3% | 21.8x | 7 | Compare → |
| ADT ADT | — | 4.7% | 25.5% | 33.3% | 8.2% | — | — | Compare → |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.6B | $1.7B | $1.9B | $2.1B | $1.5B | $1.8B | $2.0B | $2.4B | $2.7B | $2.9B |
| Gross profit | $391M | $431M | $473M | $523M | $305M | $415M | $479M | $532M | $620M | $697M |
| Operating income | $197M | $205M | $239M | $268M | $53.3M | $129M | $158M | $171M | $247M | $315M |
| Interest expense | $42.9M | $44.0M | $47.5M | $43.1M | $35.3M | $32.2M | $39.5M | $51.6M | $48.8M | $44.8M |
| Pretax income | $143M | $161M | $192M | $223M | $15.7M | $90.3M | $112M | $120M | $198M | $270M |
| Income tax | $48.4M | $4.4M | $33.6M | $42.3M | −$11.3M | $19.9M | $31.5M | $45.4M | $57.7M | $76.8M |
| Net income | $94.8M | $157M | $158M | $180M | $27.0M | $70.5M | $80.6M | $74.2M | $140M | $193M |
| Diluted EPS | $1.55 | $2.59 | $2.66 | $3.05 | $0.45 | $1.15 | $1.37 | $1.28 | $2.40 | $3.36 |
| Diluted shares | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B |
| Cash flow | ||||||||||
| Cash from operations | $213M | $248M | $295M | $330M | $210M | $227M | $189M | $256M | $338M | $351M |
| Capital expenditure | $75.3M | $88.1M | $92.5M | $112M | $84.7M | $63.5M | $70.6M | $91.0M | $97.3M | $92.2M |
| Free cash flow | $138M | $160M | $202M | $219M | $125M | $164M | $118M | $165M | $240M | $259M |
| Depreciation and amortization | $85.3M | $94.8M | $101M | $108M | $112M | $109M | $106M | $111M | $97.9M | $93.4M |
| Stock-based compensation | $11.6M | $12.1M | $13.8M | $17.3M | $21.0M | $23.1M | $28.1M | $28.8M | $33.6M | $30.6M |
| Acquisitions | $229M | $21.5M | $67.1M | $53.4M | $8.3M | $53.9M | $210M | $39.6M | $8.3M | $6.8M |
| Share buybacks | $113M | $162M | $127M | $31.6M | $32.7M | $214M | $183M | $0.0M | $84.6M | $225M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $113M | $162M | $127M | $31.6M | $32.7M | $214M | $183M | $0.0M | $84.6M | $225M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $14.6M | $23.2M | $15.4M | $44.9M | $406M | $284M | $53.9M | $93.6M | $122M | $156M |
| Total debt | $1.1B | $1.1B | $1.0B | $1.0B | $1.0B | $992M | $978M | $963M | $947M | $748M |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $154M | $193M | $194M | $229M | $624M | $540M | $348M | $447M | $496M | $504M |
| Current liabilities | $388M | $461M | $484M | $483M | $531M | $622M | $786M | $799M | $779M | $966M |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | $529M | $575M | $597M | $636M | $629M | $598M | $572M | $579M | $573M | $574M |
| Total assets | $2.4B | $2.5B | $2.5B | $3.3B | $3.7B | $3.6B | $3.8B | $3.9B | $3.9B | $3.9B |
| Total liabilities | $1.7B | $1.7B | $1.7B | $2.4B | $2.4B | $2.5B | $2.7B | $2.7B | $2.6B | $2.6B |
| Shareholders' equity | $688M | $749M | $780M | $971M | $1.3B | $1.2B | $1.1B | $1.2B | $1.3B | $1.3B |
| Margins | ||||||||||
| Gross margin | 24.9% | 24.7% | 24.9% | 25.4% | 20.1% | 23.6% | 23.7% | 22.0% | 23.1% | 23.8% |
| Operating margin | 12.6% | 11.8% | 12.6% | 13.0% | 3.5% | 7.4% | 7.8% | 7.1% | 9.2% | 10.7% |
| EBITDA margin | 18.0% | 17.2% | 17.9% | 18.2% | 10.9% | 13.6% | 13.1% | 11.7% | 12.8% | 13.9% |
| Net margin | 6.0% | 9.0% | 8.3% | 8.8% | 1.8% | 4.0% | 4.0% | 3.1% | 5.2% | 6.6% |
| FCF margin | 8.8% | 9.2% | 10.6% | 10.6% | 8.2% | 9.3% | 5.8% | 6.8% | 8.9% | 8.8% |
| Returns | ||||||||||
| Return on capital | 7.8% | 11.4% | 11.0% | 11.5% | 2.8% | 5.3% | 5.8% | 5.2% | 8.4% | 11.2% |
| Return on capital employed | 10.3% | 10.3% | 11.8% | 11.0% | 1.8% | 4.2% | 5.2% | 5.6% | 8.0% | 10.5% |
| Return on equity | 13.4% | 21.9% | 20.7% | 20.6% | 2.4% | 5.7% | 7.1% | 6.5% | 11.3% | 14.8% |
| Return on assets | 4.2% | 6.5% | 6.3% | 6.2% | 0.8% | 1.9% | 2.2% | 1.9% | 3.6% | 5.0% |
| Growth | ||||||||||
| Revenue growth | 7.6% | 10.9% | 9.3% | 8.4% | −26.5% | 15.9% | 15.1% | 19.7% | 11.1% | 9.2% |
| Net income growth | 0.9% | 65.6% | 0.7% | 14.2% | −85.0% | 161.0% | 14.5% | −8.0% | 88.9% | 37.8% |
| EPS growth | 3.3% | 67.1% | 2.7% | 14.7% | −85.3% | 155.6% | 19.1% | −6.6% | 87.5% | 40.0% |
| FCF growth | 49.4% | 16.1% | 26.4% | 8.0% | −42.9% | 31.2% | −28.0% | 40.0% | 45.4% | 7.7% |
| Share count change | −2.8% | −0.6% | −2.1% | −0.1% | 2.3% | 0.9% | −3.9% | −1.0% | 0.9% | −1.8% |
| Financial health | ||||||||||
| Net debt / EBITDA | 3.7x | 3.4x | 3.0x | 2.6x | 3.8x | 3.0x | 3.5x | 3.1x | 2.4x | 1.5x |
| Debt / equity | 1.6x | 1.4x | 1.3x | 1.1x | 0.8x | 0.8x | 0.9x | 0.8x | 0.7x | 0.6x |
| Interest coverage | 4.6x | 4.7x | 5.0x | 6.2x | 1.5x | 4.0x | 4.0x | 3.3x | 5.1x | 7.0x |
| Current ratio | 0.4x | 0.4x | 0.4x | 0.5x | 1.2x | 0.9x | 0.4x | 0.6x | 0.6x | 0.5x |
| Quick ratio | 0.4x | 0.4x | 0.4x | 0.5x | 1.2x | 0.9x | 0.4x | 0.6x | 0.6x | 0.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 4.8% | 5.1% | 4.9% | 5.4% | 5.6% | 3.6% | 3.5% | 3.8% | 3.6% | 3.1% |
| Stock comp / revenue | 0.7% | 0.7% | 0.7% | 0.8% | 1.4% | 1.3% | 1.4% | 1.2% | 1.3% | 1.0% |
| Payouts / FCF | 81.8% | 101.3% | 62.6% | 14.4% | 26.2% | 130.6% | 154.8% | 0.0% | 35.2% | 87.2% |
| Quality scores | ||||||||||
| Piotroski F-score | 7.0 | 8.0 | 7.0 | 9.0 | 5.0 | 7.0 | 8.0 | 7.0 | 8.0 | 8.0 |
| Altman Z'' | 0.2 | 0.4 | 0.6 | 0.8 | 1.2 | 1.0 | 0.4 | 0.7 | 1.1 | 1.1 |
| Accruals ratio | −5.3% | −3.8% | −5.5% | −5.1% | −5.2% | −4.3% | −2.9% | −4.7% | −5.1% | −4.1% |
Source: SEC EDGAR XBRL filings (CIK 0001437578). Data updated October 19, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.