Designer Brands Inc.
DBI NYSE Retail-Shoe Stores Financials FY2016–FY2025
Last close · Oct 23, 2026
$6.36
2.9%
Revenue
Total sales reported in the income statement.
$2.9B
3.9%
vs prior year
Operating margin
Operating income as a share of revenue.
1.7%
0.5 pts
Net income
Profit after all expenses, interest and tax.
−$8.4M
Free cash flow
Cash from operations minus capital spending.
$78.3M
149.7%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
4.7%
0.9 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$356M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
19.9x
On $0.32 EPS (TTM)
What Designer Brands Inc. does
No business description yet.
- Legal name
- Designer Brands Inc.
- Fiscal year ends
- January 31, 2026
- Latest annual report
- 10-K · Mar 30, 2026
- Accession · CIK
- 0001319947-26-000022
0001319947
Revenue and margins
Designer Brands Inc. had $2.9B of revenue in fiscal 2025, down 3.9% on the year before.
FY16
Revenue $2.7B
FY17
Revenue $2.8B
FY18
Revenue $3.2B
FY19
Revenue $3.5B
FY20
Revenue $2.2B
FY21
Revenue $3.2B
FY22
Revenue $3.3B
FY23
Revenue $3.1B
FY24
Revenue $3.0B
FY25
Revenue $2.9B
Q3 '23
Revenue $786M
Q4 '23
Revenue $754M
Q1 '24
Revenue $747M
Q2 '24
Revenue $772M
Q3 '24
Revenue $777M
Q4 '24
Revenue $714M
Q1 '25
Revenue $687M
Q2 '25
Revenue $740M
Q3 '25
Revenue $752M
Q4 '25
Revenue $714M
Q1 '26
Revenue $696M
Q2 '26
Revenue $731M
FY16
Gross 28.7%
Operating 7.4%
Net 4.6%
FCF 4.6%
FY17
Gross 28.5%
Operating 4.5%
Net 2.4%
FCF 4.8%
FY18
Gross 29.5%
Operating 1.9%
Net −0.6%
FCF 3.5%
FY19
Gross 28.6%
Operating 3.6%
Net 2.7%
FCF 3.4%
FY20
Gross 13.9%
Operating −26.2%
Net −21.9%
FCF −8.3%
FY21
Gross 33.4%
Operating 6.4%
Net 4.8%
FCF 4.3%
FY22
Gross 43.9%
Operating 5.7%
Net 4.9%
FCF 4.4%
FY23
Gross 43.1%
Operating 2.4%
Net 0.9%
FCF 3.5%
FY24
Gross 42.7%
Operating 1.2%
Net −0.4%
FCF 1.0%
FY25
Gross 43.6%
Operating 1.7%
Net −0.3%
FCF 2.7%
Gross
Operating
Net
FCF
Q3 '23
Gross 44.0%
Operating 3.6%
Net 1.3%
FCF 6.5%
Q4 '23
Gross 38.8%
Operating −4.8%
Net −3.9%
FCF −7.0%
Q1 '24
Gross 44.2%
Operating 1.3%
Net 0.1%
FCF −4.8%
Q2 '24
Gross 44.0%
Operating 3.7%
Net 1.8%
FCF 3.6%
Q3 '24
Gross 43.0%
Operating 2.9%
Net 1.7%
FCF −2.5%
Q4 '24
Gross 39.6%
Operating −3.6%
Net −5.3%
FCF 8.1%
Q1 '25
Gross 42.9%
Operating −1.2%
Net −2.6%
FCF −4.0%
Q2 '25
Gross 43.6%
Operating 3.5%
Net 1.4%
FCF 1.6%
Q3 '25
Gross 45.1%
Operating 5.7%
Net 2.4%
FCF 7.6%
Q4 '25
Gross 42.4%
Operating −2.0%
Net −2.8%
FCF 5.1%
Q1 '26
Gross 45.3%
Operating 2.7%
Net 0.2%
FCF −4.6%
Q2 '26
Gross 50.0%
Operating 7.5%
Net 2.4%
FCF 7.9%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income $124M
FY17
Net income $67.5M
FY18
Net income −$20.5M
FY19
Net income $94.5M
FY20
Net income −$489M
FY21
Net income $154M
FY22
Net income $163M
FY23
Net income $29.1M
FY24
Net income −$10.5M
FY25
Net income −$8.4M
Q3 '23
Net income $10.1M
Q4 '23
Net income −$29.7M
Q1 '24
Net income $0.8M
Q2 '24
Net income $13.8M
Q3 '24
Net income $13.0M
Q4 '24
Net income −$38.2M
Q1 '25
Net income −$17.8M
Q2 '25
Net income $10.5M
Q3 '25
Net income $18.2M
Q4 '25
Net income −$20.0M
Q1 '26
Net income $1.2M
Q2 '26
Net income $17.6M
FY16
Diluted EPS $1.51
FY17
Diluted EPS $0.84
FY18
Diluted EPS −$0.26
FY19
Diluted EPS $1.27
FY20
Diluted EPS −$6.77
FY21
Diluted EPS $2.00
FY22
Diluted EPS $2.26
FY23
Diluted EPS $0.46
FY24
Diluted EPS −$0.20
FY25
Diluted EPS −$0.17
Q3 '23
Diluted EPS $170.00
Q4 '23
Diluted EPS −$520.00
Q1 '24
Diluted EPS $0.01
Q2 '24
Diluted EPS $0.24
Q3 '24
Diluted EPS $0.24
Q4 '24
Diluted EPS −$800.00
Q1 '25
Diluted EPS −$0.37
Q2 '25
Diluted EPS $0.21
Q3 '25
Diluted EPS $0.35
Q4 '25
Diluted EPS −$0.36
Q1 '26
Diluted EPS $0.02
Q2 '26
Diluted EPS $0.31
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 —
Return on equity —
Return on assets 8.7%
FY17
Return on capital —
Return on equity —
Return on assets 4.7%
FY18
Return on capital —
Return on equity —
Return on assets −1.3%
FY19
Return on capital 132.2%
Return on equity —
Return on assets 4.6%
FY20
Return on capital −221.1%
Return on equity —
Return on assets −22.0%
FY21
Return on capital 32.4%
Return on equity 75.5%
Return on assets 7.7%
FY22
Return on capital 28.6%
Return on equity 38.5%
Return on assets 8.1%
FY23
Return on capital 7.2%
Return on equity 7.3%
Return on assets 1.4%
FY24
Return on capital 3.9%
Return on equity −3.3%
Return on assets −0.5%
FY25
Return on capital 4.7%
Return on equity −3.0%
Return on assets −0.4%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $78.3M in fiscal 2025, 2.7% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $125M
FY17
Free cash flow $135M
FY18
Free cash flow $110M
FY19
Free cash flow $119M
FY20
Free cash flow −$185M
FY21
Free cash flow $138M
FY22
Free cash flow $146M
FY23
Free cash flow $107M
FY24
Free cash flow $31.3M
FY25
Free cash flow $78.3M
Q3 '23
Free cash flow $51.0M
Q4 '23
Free cash flow −$52.8M
Q1 '24
Free cash flow −$35.6M
Q2 '24
Free cash flow $28.0M
Q3 '24
Free cash flow −$19.2M
Q4 '24
Free cash flow $58.1M
Q1 '25
Free cash flow −$27.6M
Q2 '25
Free cash flow $11.9M
Q3 '25
Free cash flow $57.5M
Q4 '25
Free cash flow $36.4M
Q1 '26
Free cash flow −$31.9M
Q2 '26
Free cash flow $57.9M
FY16
Cash from operations $213M
Capital spending $87.6M
FY17
Cash from operations $191M
Capital spending $56.3M
FY18
Cash from operations $175M
Capital spending $65.4M
FY19
Cash from operations $197M
Capital spending $77.8M
FY20
Cash from operations −$154M
Capital spending $31.1M
FY21
Cash from operations $171M
Capital spending $33.0M
FY22
Cash from operations $201M
Capital spending $55.0M
FY23
Cash from operations $162M
Capital spending $55.0M
FY24
Cash from operations $82.2M
Capital spending $50.9M
FY25
Cash from operations $110M
Capital spending $31.6M
Cash from operations
Capital spending
Q3 '23
Cash from operations $68.2M
Capital spending $17.2M
Q4 '23
Cash from operations −$40.1M
Capital spending $12.7M
Q1 '24
Cash from operations −$19.7M
Capital spending $15.9M
Q2 '24
Cash from operations $41.6M
Capital spending $13.6M
Q3 '24
Cash from operations −$9.8M
Capital spending $9.4M
Q4 '24
Cash from operations $70.1M
Capital spending $12.0M
Q1 '25
Cash from operations −$20.4M
Capital spending $7.2M
Q2 '25
Cash from operations $21.4M
Capital spending $9.5M
Q3 '25
Cash from operations $66.5M
Capital spending $9.0M
Q4 '25
Cash from operations $42.3M
Capital spending $5.8M
Q1 '26
Cash from operations −$22.0M
Capital spending $9.9M
Q2 '26
Cash from operations $70.3M
Capital spending $12.4M
Cash from operations
Capital spending
Dividends, buybacks and share count
Designer Brands Inc. returned $9.7M to shareholders in fiscal 2025, 12% of free cash flow. The diluted share count fell 8.4%.
FY16
Dividends $65.1M
Buybacks $50.0M
FY17
Dividends $63.8M
Buybacks $9.4M
FY18
Dividends $79.8M
Buybacks $47.5M
FY19
Dividends $72.6M
Buybacks $142M
FY20
Dividends $7.2M
Buybacks $0.0M
FY21
Dividends $0.0M
Buybacks $0.0M
FY22
Dividends $13.5M
Buybacks $148M
FY23
Dividends $12.2M
Buybacks $102M
FY24
Dividends $10.5M
Buybacks $68.6M
FY25
Dividends $9.7M
Buybacks $0.0M
Dividends
Buybacks
Q3 '23
Dividends $2.8M
Buybacks $79.7M
Q4 '23
Dividends $2.8M
Buybacks $0.1M
Q1 '24
Dividends $2.9M
Buybacks —
Q2 '24
Dividends $2.9M
Buybacks —
Q3 '24
Dividends $2.4M
Buybacks $50.6M
Q4 '24
Dividends $2.4M
Buybacks $0.0M
Q1 '25
Dividends $2.4M
Buybacks —
Q2 '25
Dividends $2.4M
Buybacks —
Q3 '25
Dividends $2.4M
Buybacks $0.0M
Q4 '25
Dividends $2.4M
Buybacks $0.0M
Q1 '26
Dividends $2.5M
Buybacks —
Q2 '26
Dividends $2.5M
Buybacks —
Dividends
Buybacks
FY16
Diluted shares 0.08B
FY17
Diluted shares 0.08B
FY18
Diluted shares 0.08B
FY19
Diluted shares 0.07B
FY20
Diluted shares 0.07B
FY21
Diluted shares 0.08B
FY22
Diluted shares 0.07B
FY23
Diluted shares 0.06B
FY24
Diluted shares 0.05B
FY25
Diluted shares 0.05B
Balance sheet
Cash, debt and the ratios that show how comfortably Designer Brands Inc. can carry it.
FY16
Cash $209M
Debt —
FY17
Cash $301M
Debt $0.0M
FY18
Cash $169M
Debt $160M
FY19
Cash $112M
Debt $190M
FY20
Cash $59.6M
Debt $272M
FY21
Cash $72.7M
Debt $226M
FY22
Cash $58.8M
Debt $281M
FY23
Cash $49.2M
Debt $420M
FY24
Cash $44.8M
Debt $484M
FY25
Cash $50.9M
Debt $459M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $72.7M | $58.8M | $49.2M | $44.8M | $50.9M |
| Debt incl. finance leases | $226M | $281M | $420M | $484M | $459M |
| Net debt / EBITDA | 0.5x | 0.8x | 2.7x | 4.5x | 3.8x |
| Debt / equity | 0.5x | 0.6x | 1.2x | 1.8x | 1.5x |
| Interest coverage | 6.4x | 12.4x | 2.2x | 0.8x | — |
| Current ratio | 1.2x | 1.2x | 1.2x | 1.2x | 1.2x |
| Quick ratio | 0.4x | 0.3x | 0.3x | 0.2x | 0.2x |
| Total assets | $2.0B | $2.0B | $2.1B | $2.0B | $1.9B |
| Total liabilities | $1.6B | $1.6B | $1.7B | $1.7B | $1.7B |
| Shareholders' equity | $412M | $433M | $359M | $275M | $280M |
| Net debt (− = net cash) | $153M | $222M | $371M | $440M | $408M |
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
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | 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 | — / 3 | 6 / 8 | 4 / 9 | 6 / 9 | 2 / 9 | 8 / 9 | 8 / 9 | 5 / 9 | 4 / 9 | 6 / 9 |
| Accruals ratio | −6.2% | −8.7% | −12.9% | −5.0% | −15.1% | −0.8% | −1.9% | −6.5% | −4.5% | −6.0% |
| Altman Z'' | 3.73 | 3.89 | 2.75 | 1.29 | −2.28 | 1.34 | 1.55 | 1.10 | 0.88 | 0.82 |
10 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.7B | $2.8B | $3.2B | $3.5B | $2.2B | $3.2B | $3.3B | $3.1B | $3.0B | $2.9B |
| Net interest income | $2.1M | $2.8M | $1.3M | −$7.4M | −$23.7M | −$32.1M | −$14.9M | −$32.2M | — | — |
| Gross profit | $780M | $799M | $939M | $1,000M | $311M | $1.1B | $1.5B | $1.3B | $1.3B | $1.3B |
| Operating income | $200M | $125M | $59.0M | $127M | −$586M | $205M | $187M | $72.4M | $34.9M | $47.8M |
| Interest expense | $0.2M | $0.5M | $2.4M | $8.9M | $24.0M | $32.2M | $15.1M | $33.0M | $46.4M | — |
| Pretax income | $202M | $126M | $10.7M | $120M | −$609M | $173M | $160M | $40.2M | −$10.7M | $2.2M |
| Income tax | $78.8M | $59.6M | $29.8M | $25.3M | −$120M | $18.5M | −$3.1M | $11.0M | −$0.8M | $7.0M |
| Net income | $124M | $67.5M | −$20.5M | $94.5M | −$489M | $154M | $163M | $29.1M | −$10.5M | −$8.4M |
| Diluted EPS | $1.51 | $0.84 | −$0.26 | $1.27 | −$6.77 | $2.00 | $2.26 | $0.46 | −$0.20 | −$0.17 |
| Diluted shares | 0.08B | 0.08B | 0.08B | 0.07B | 0.07B | 0.08B | 0.07B | 0.06B | 0.05B | 0.05B |
| Cash flow | ||||||||||
| Cash from operations | $213M | $191M | $175M | $197M | −$154M | $171M | $201M | $162M | $82.2M | $110M |
| Capital expenditure | $87.6M | $56.3M | $65.4M | $77.8M | $31.1M | $33.0M | $55.0M | $55.0M | $50.9M | $31.6M |
| Free cash flow | $125M | $135M | $110M | $119M | −$185M | $138M | $146M | $107M | $31.3M | $78.3M |
| Depreciation and amortization | $82.8M | $80.9M | $79.0M | $86.6M | $88.0M | $77.9M | $81.3M | $66.1M | $63.8M | $59.1M |
| Stock-based compensation | $12.7M | $14.7M | $17.4M | $17.1M | $20.2M | $23.9M | $28.5M | $29.4M | $18.7M | $19.0M |
| Acquisitions | $59.8M | $0.0M | $199M | $0.0M | $0.0M | $0.0M | $19.1M | — | — | — |
| Share buybacks | $50.0M | $9.4M | $47.5M | $142M | $0.0M | $0.0M | $148M | $102M | $68.6M | $0.0M |
| Dividends paid | $65.1M | $63.8M | $79.8M | $72.6M | $7.2M | $0.0M | $13.5M | $12.2M | $10.5M | $9.7M |
| Dividends and buybacks | $115M | $73.2M | $127M | $214M | $7.2M | $0.0M | $161M | $114M | $79.0M | $9.7M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $209M | $301M | $169M | $112M | $59.6M | $72.7M | $58.8M | $49.2M | $44.8M | $50.9M |
| Total debt | — | $0.0M | $160M | $190M | $272M | $226M | $281M | $420M | $484M | $428M |
| Finance lease liabilities | — | — | — | — | — | — | — | — | — | $30.8M |
| Current assets | $759M | $871M | $955M | $901M | $781M | $914M | $790M | $777M | $735M | $710M |
| Current liabilities | $317M | $328M | $463M | $680M | $753M | $759M | $636M | $622M | $590M | $597M |
| Inventory | $500M | $502M | $645M | $633M | $473M | $586M | $606M | $571M | $600M | $564M |
| Property and equipment, net | $375M | $355M | $410M | $395M | $296M | $257M | $235M | $220M | $208M | $213M |
| Goodwill | $79.7M | $25.9M | $89.5M | $114M | $93.7M | $93.7M | $97.1M | $124M | $130M | $131M |
| Intangible assets | $35.1M | $0.1M | $46.1M | $22.8M | $15.6M | $15.5M | $31.9M | $82.8M | $84.6M | $81.2M |
| Total assets | $1.4B | $1.4B | $1.6B | $2.5B | $2.0B | $2.0B | $2.0B | $2.1B | $2.0B | $1.9B |
| Total liabilities | $491M | $466M | $788M | $1.7B | $1.7B | $1.6B | $1.6B | $1.7B | $1.7B | $1.7B |
| Preferred stock | $0.0M | $0.0M | — | — | — | — | — | — | — | — |
| Shareholders' equity | −$13.9M | −$10.1M | −$2.7M | −$2.5M | −$3.3M | $412M | $433M | $359M | $275M | $280M |
| Margins | ||||||||||
| Gross margin | 28.7% | 28.5% | 29.5% | 28.6% | 13.9% | 33.4% | 43.9% | 43.1% | 42.7% | 43.6% |
| Operating margin | 7.4% | 4.5% | 1.9% | 3.6% | −26.2% | 6.4% | 5.7% | 2.4% | 1.2% | 1.7% |
| EBITDA margin | 10.4% | 7.3% | 4.3% | 6.1% | −22.3% | 8.9% | 8.1% | 4.5% | 3.3% | 3.7% |
| Net margin | 4.6% | 2.4% | −0.6% | 2.7% | −21.9% | 4.8% | 4.9% | 0.9% | −0.4% | −0.3% |
| FCF margin | 4.6% | 4.8% | 3.5% | 3.4% | −8.3% | 4.3% | 4.4% | 3.5% | 1.0% | 2.7% |
| Net interest share of revenue | 0.1% | 0.1% | 0.0% | −0.2% | −1.1% | −1.0% | −0.4% | −1.0% | — | — |
| Returns | ||||||||||
| Return on capital | — | — | — | 132.2% | −221.1% | 32.4% | 28.6% | 7.2% | 3.9% | 4.7% |
| Return on capital employed | 18.0% | 11.4% | 5.1% | 7.1% | −47.9% | 16.3% | 13.6% | 5.0% | 2.5% | 3.5% |
| Return on equity | — | — | — | — | — | 75.5% | 38.5% | 7.3% | −3.3% | −3.0% |
| Return on assets | 8.7% | 4.7% | −1.3% | 4.6% | −22.0% | 7.7% | 8.1% | 1.4% | −0.5% | −0.4% |
| Return on tangible equity | — | — | — | — | — | 50.9% | 53.5% | 19.0% | −17.5% | −12.3% |
| Growth | ||||||||||
| Revenue growth | — | 3.2% | 13.3% | 9.9% | −36.0% | 43.0% | 3.7% | −7.3% | −2.1% | −3.9% |
| Net income growth | — | −45.8% | −130.3% | — | −617.2% | — | 5.3% | −82.1% | −136.3% | — |
| EPS growth | — | −44.4% | −131.0% | — | −633.1% | — | 13.0% | −79.6% | −143.5% | — |
| FCF growth | — | 7.5% | −18.4% | 8.1% | −255.5% | — | 5.8% | −26.7% | −70.8% | 149.7% |
| Share count change | — | −1.8% | −0.8% | −6.8% | −3.2% | 7.0% | −6.7% | −12.1% | −15.3% | −8.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | — | −1.5x | −0.1x | 0.4x | — | 0.5x | 0.8x | 2.7x | 4.5x | 3.8x |
| Debt / equity | — | — | — | — | — | 0.5x | 0.6x | 1.2x | 1.8x | 1.5x |
| Interest coverage | 840.2x | 256.3x | 24.3x | 14.3x | −24.4x | 6.4x | 12.4x | 2.2x | 0.8x | — |
| Current ratio | 2.4x | 2.7x | 2.1x | 1.3x | 1.0x | 1.2x | 1.2x | 1.2x | 1.2x | 1.2x |
| Quick ratio | 0.8x | 1.1x | 0.7x | 0.4x | 0.4x | 0.4x | 0.3x | 0.3x | 0.2x | 0.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 3.2% | 2.0% | 2.1% | 2.2% | 1.4% | 1.0% | 1.7% | 1.8% | 1.7% | 1.1% |
| Stock comp / revenue | 0.5% | 0.5% | 0.5% | 0.5% | 0.9% | 0.7% | 0.9% | 1.0% | 0.6% | 0.7% |
| Payouts / FCF | 91.8% | 54.3% | 115.8% | 180.2% | — | 0.0% | 110.0% | 106.5% | 252.0% | 12.3% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 6.0 | 4.0 | 6.0 | 2.0 | 8.0 | 8.0 | 5.0 | 4.0 | 6.0 |
| Altman Z'' | 3.7 | 3.9 | 2.7 | 1.3 | −2.3 | 1.3 | 1.6 | 1.1 | 0.9 | 0.8 |
| Accruals ratio | −6.2% | −8.7% | −12.9% | −5.0% | −15.1% | −0.8% | −1.9% | −6.5% | −4.5% | −6.0% |
Source: SEC EDGAR XBRL filings (CIK 0001319947). Data updated October 24, 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.