VRSN Nasdaq Internet Services & Infrastructure Financials FY2016βFY2025
Verisign had $1.7B of revenue in fiscal 2025, up 6.4% on the year before. Over five years, revenue changed +5.5% a year on average.
Hi! I read Verisignβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+6.4%
Yes. Sales grew 6.4% last year.
Does it make a profit?
49.8%
Yes. It keeps 49.8% of every sale as profit.
Does profit turn into cash?
64.5%
Yes. 64.5% of sales ends up as free cash.
Is debt under control?
1.1x
Keep an eye on it. Repaying its debt would take 1.1 years of operating profit.
How healthy are the accounts?
8 / 9
Solid. It passes 8 of 9 health tests.
How is the share priced?
32.3x
One share costs 32.3 times its yearly profit per share. Typical for its sector: 33.5x.
Rules of thumb on reported numbers. A starting point, not a recommendation.
About these figures. Long-term debt is Verisign's senior notes, which its balance sheets before 2022 show on a single line.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Verisign did it, and the next one. Share prices often move a lot on those days.
Next results
February 4, 2027
Thursday Β· in 101 days
Estimated from the same quarter last year. It will be replaced by the announced date once there is one.
See who else reports that week β| Date | Results for | Time | Source |
|---|---|---|---|
| Oct 22, 2026 | Q3 '26 | After the market closes | 8-K β |
| Jul 23, 2026 | Q2 '26 | After the market closes | 8-K β |
| Apr 23, 2026 | Q1 '26 | After the market closes | 8-K β |
| Feb 5, 2026 | Q4 '25 | After the market closes | 8-K β |
| Oct 23, 2025 | Q3 '25 | After the market closes | 8-K β |
| Jul 24, 2025 | Q2 '25 | After the market closes | 8-K β |
| Apr 24, 2025 | Q1 '25 | After the market closes | 8-K β |
| Feb 6, 2025 | Q4 '24 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Verisign had $1.7B of revenue in fiscal 2025, up 6.4% on the year before. Over five years, revenue changed +5.5% a year on average. Its operating margin was 67.7%, down 0.3Β pts: of every 100 in sales, about 68 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Verisign made $826M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 11.1% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $1.1B in fiscal 2025, 64.5% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Verisign returned $1.1B to shareholders in fiscal 2025, 103% of free cash flow. The diluted share count fell 4.5%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.0M and sold $36.0M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
1 insider
Sold, 12 months
$36.0M
5 insiders
Of sales under plans
94%
$33.7M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 20, 2026 | Bidzos D JamesExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $306.30 | $1.0M | Form 4 |
| Oct 13, 2026 | Bidzos D JamesExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $302.85 | $1.0M | Form 4 |
| Oct 8, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 500 | $293.14 | $0.1M | Form 4 |
| Oct 6, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $292.33 | $1.0M | Form 4 |
| Oct 1, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 500 | $284.38 | $0.1M | Form 4 |
| Sep 29, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $278.78 | $0.9M | Form 4 |
| Sep 22, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $304.75 | $1.0M | Form 4 |
| Sep 15, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $296.58 | $1.0M | Form 4 |
| Sep 8, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $284.40 | $0.9M | Form 4 |
| Sep 8, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 500 | $289.16 | $0.1M | Form 4 |
| Sep 1, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $291.09 | $1.0M | Form 4 |
| Sep 1, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 500 | $290.78 | $0.1M | Form 4 |
| Aug 27, 2026 | Courtney D ArmstrongDirector | Bought | 19 | $293.68 | $0.0M | Form 4 |
| Aug 25, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $291.16 | $1.0M | Form 4 |
| Aug 18, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $277.85 | $0.9M | Form 4 |
| Aug 11, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $291.98 | $1.0M | Form 4 |
| Aug 10, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 500 | $292.35 | $0.1M | Form 4 |
| Aug 4, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $296.54 | $1.0M | Form 4 |
| Aug 3, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 500 | $292.20 | $0.1M | Form 4 |
| Jul 28, 2026 | John CalysEVP, Chief Financial Officer | Sold | 500 | $281.56 | $0.1M | Form 4 |
| Jul 28, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $281.20 | $0.9M | Form 4 |
| Jul 21, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $270.44 | $0.9M | Form 4 |
| Jul 20, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 500 | $280.00 | $0.1M | Form 4 |
| Jul 14, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $267.84 | $0.9M | Form 4 |
| Jul 8, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 250 | $269.23 | $0.1M | Form 4 |
| Jul 7, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $266.09 | $0.9M | Form 4 |
| Jul 1, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 250 | $255.83 | $0.1M | Form 4 |
| Jun 30, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $250.94 | $0.8M | Form 4 |
| Jun 23, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $248.53 | $0.8M | Form 4 |
| Jun 16, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $274.22 | $0.9M | Form 4 |
| Jun 9, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 500 | $283.54 | $0.1M | Form 4 |
| Jun 9, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $284.30 | $0.9M | Form 4 |
| Jun 2, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 500 | $293.45 | $0.1M | Form 4 |
| Jun 2, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 3,300 | $297.47 | $1.0M | Form 4 |
| May 27, 2026 | Courtney D ArmstrongDirector | Bought | 16 | $305.81 | $0.0M | Form 4 |
| Apr 28, 2026 | Danny R McPhersonEVP - Technology & CSO | Sold | 5,000 | $271.02 | $1.4M | Form 4 |
| Apr 14, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 498 | $270.06 | $0.1M | Form 4 |
| Apr 7, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 498 | $274.00 | $0.1M | Form 4 |
| Mar 25, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 498 | $250.00 | $0.1M | Form 4 |
| Mar 10, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 332 | $240.62 | $0.1M | Form 4 |
| Mar 3, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 498 | $231.78 | $0.1M | Form 4 |
| Feb 27, 2026 | Courtney D ArmstrongDirector | Bought | 22 | $222.94 | $0.0M | Form 4 |
| Feb 10, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 166 | $219.24 | $0.0M | Form 4 |
| Feb 3, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 498 | $249.08 | $0.1M | Form 4 |
| Jan 15, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $249.26 | $0.5M | Form 4 |
| Jan 14, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $248.28 | $0.5M | Form 4 |
| Jan 13, 2026 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 5,000 | $248.20 | $1.2M | Form 4 |
| Jan 13, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 498 | $248.71 | $0.1M | Form 4 |
| Jan 9, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 166 | $250.00 | $0.0M | Form 4 |
| Jan 6, 2026 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 332 | $240.83 | $0.1M | Form 4 |
| Dec 18, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $245.05 | $0.5M | Form 4 |
| Dec 17, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $244.25 | $0.5M | Form 4 |
| Dec 16, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 5,000 | $241.79 | $1.2M | Form 4 |
| Dec 11, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $244.46 | $0.5M | Form 4 |
| Dec 10, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $242.07 | $0.5M | Form 4 |
| Dec 9, 2025 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 501 | $250.07 | $0.1M | Form 4 |
| Dec 9, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 5,000 | $244.60 | $1.2M | Form 4 |
| Dec 2, 2025 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 501 | $252.62 | $0.1M | Form 4 |
| Nov 25, 2025 | Courtney D ArmstrongDirector | Bought | 16 | $250.17 | $0.0M | Form 4 |
| Nov 20, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $248.08 | $0.5M | Form 4 |
| Nov 19, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $246.06 | $0.5M | Form 4 |
| Nov 18, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 5,000 | $250.05 | $1.3M | Form 4 |
| Nov 13, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $252.84 | $0.5M | Form 4 |
| Nov 12, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $251.27 | $0.5M | Form 4 |
| Nov 12, 2025 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 334 | $250.00 | $0.1M | Form 4 |
| Nov 11, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 5,000 | $248.14 | $1.2M | Form 4 |
| Nov 11, 2025 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 334 | $246.47 | $0.1M | Form 4 |
| Nov 7, 2025 | John CalysEVP, Chief Financial Officer | Sold | 1,001 | $242.71 | $0.2M | Form 4 |
| Nov 4, 2025 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 334 | $244.52 | $0.1M | Form 4 |
| Oct 31, 2025 | Danny R McPhersonEVP - Technology & CSO | Sold | 2,500 | $236.87 | $0.6M | Form 4 |
| Oct 23, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $249.70 | $0.5M | Form 4 |
| Oct 22, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $261.54 | $0.5M | Form 4 |
| Oct 21, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 5,000 | $267.43 | $1.3M | Form 4 |
| Oct 16, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $261.79 | $0.5M | Form 4 |
| Oct 15, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 2,000 | $264.06 | $0.5M | Form 4 |
| Oct 14, 2025 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 501 | $262.92 | $0.1M | Form 4 |
| Oct 14, 2025 | D James BidzosExec. Chairman, Pres, & CEO, Director | Sold plan | 5,000 | $265.57 | $1.3M | Form 4 |
| Oct 7, 2025 | Thomas C IndelicartoEVP, Gen Counsel & Secretary | Sold plan | 501 | $270.87 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Verisign owes $1.2B more than it holds in cash, about 1.1 years of operating profit.
Cash, debt and the ratios that show how comfortably Verisign can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.2B | $986M | $932M | $605M | $582M |
| Debt incl. finance leases | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B |
| Net debt / EBITDA | 0.6x | 0.8x | 0.8x | 1.1x | 1.1x |
| Interest coverage | 10.4x | 12.5x | 13.3x | 14.1x | 14.6x |
| Current ratio | 1.2x | 0.9x | 0.8x | 0.4x | 0.5x |
| Quick ratio | 1.2x | 0.9x | 0.8x | 0.4x | 0.5x |
| Total assets | $2.0B | $1.7B | $1.7B | $1.4B | $1.3B |
| Total liabilities | $3.2B | $3.3B | $3.3B | $3.4B | $3.5B |
| Shareholders' equity | β$1.3B | β$1.6B | β$1.6B | β$2.0B | β$2.2B |
| Net debt (β = net cash) | $575M | $802M | $858M | $1.2B | $1.2B |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Verisign passes 8 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 7 / 9 | 6 / 9 | 8 / 9 |
| Accruals ratio | β2.1% | β7.4% | β19.4% |
| Altman Z'' | β22.36 | β28.81 | β27.29 |
What does the share cost, and how does it compare?
KIRA Β· At $300.32 a share, the company is worth $27.1B: 32.3 times its earnings of the last four quarters.
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Value per share
β
Adds net cash of β$1.2B and divides by 93.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Value per share
β
Reference multiples: today 32.3x Β· peers 38.5x Β· sector 33.5x.
KIRA Β· Verisign grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 0 of 2.
Each companyβs latest fiscal year. Fiscal years end in different months, so periods donβt line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Verisign VRSN | $27.1B | 6.4% | 67.7% | 64.5% | β | 32.3x | 8 | |
| Wix.com WIX | $4.6B | 13.2% | 0.1% | 29.2% | β | β | 7 | Compare β |
| Cloudflare NET | $117.6B | 29.9% | β9.6% | 13.3% | β29.7% | β | 3 | Compare β |
| DigitalOcean DOCN | $11.8B | 15.5% | 17.4% | 20.0% | 15.7% | 43.2x | 7 | Compare β |
| Akamai Technologies AKAM | $15.1B | 5.4% | 13.5% | 24.0% | 6.3% | 35.6x | 6 | Compare β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.1B | $1.2B | $1.2B | $1.2B | $1.3B | $1.3B | $1.4B | $1.5B | $1.6B | $1.7B |
| Gross profit | $944M | $972M | $1.0B | $1.1B | $1.1B | $1.1B | $1.2B | $1.3B | $1.4B | $1.5B |
| Research and development | $59.1M | $52.3M | $57.9M | $60.8M | $74.7M | $80.5M | $85.7M | $91.0M | $96.7M | $104M |
| Operating income | $687M | $708M | $767M | $806M | $824M | $867M | $943M | $1.0B | $1.1B | $1.1B |
| Interest expense | $116M | $136M | $115M | $90.6M | $90.2M | $83.3M | $75.3M | $75.3M | $75.3M | $77.0M |
| Pretax income | $581M | $599M | $730M | $759M | $750M | $782M | $880M | $977M | $1.0B | $1.1B |
| Income tax | $141M | $142M | $147M | $147M | β$64.7M | β$2.6M | $206M | $159M | $236M | $243M |
| Net income | $441M | $457M | $583M | $612M | $815M | $785M | $674M | $818M | $786M | $826M |
| Diluted EPS | $3.42 | $3.68 | $4.75 | $5.15 | $7.07 | $7.00 | $6.24 | $7.90 | $8.00 | $8.81 |
| Diluted shares | 0.13B | 0.12B | 0.12B | 0.12B | 0.12B | 0.11B | 0.11B | 0.10B | 0.10B | 0.09B |
| Cash flow | ||||||||||
| Cash from operations | $693M | $703M | $698M | $754M | $730M | $807M | $831M | $854M | $903M | $1.1B |
| Capital expenditure | $26.6M | $49.5M | $37.0M | $40.3M | $43.4M | $53.0M | $27.4M | $45.8M | $28.1M | $22.8M |
| Free cash flow | $666M | $653M | $661M | $714M | $687M | $754M | $804M | $808M | $875M | $1.1B |
| Depreciation and amortization | $58.2M | $49.9M | $48.4M | $46.3M | $46.4M | $47.9M | $46.9M | $44.1M | $36.9M | $31.2M |
| Stock-based compensation | $50.0M | $52.9M | $52.5M | $50.6M | $48.2M | $53.4M | $58.6M | $59.7M | $61.1M | $69.7M |
| Acquisitions | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $663M | $621M | $638M | $783M | $778M | $723M | $1.0B | $901M | $1.2B | $882M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $215M |
| Dividends and buybacks | $662M | $621M | $638M | $783M | $778M | $723M | $1.0B | $901M | $1.2B | $1.1B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.8B | $2.4B | $1.3B | $1.2B | $1.2B | $1.2B | $986M | $932M | $605M | $582M |
| Total debt | $1.9B | $2.4B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B |
| 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 | $1.8B | $2.4B | $1.3B | $1.3B | $1.2B | $1.3B | $1.0B | $988M | $664M | $653M |
| Current liabilities | $1.5B | $1.6B | $948M | $965M | $989M | $1.1B | $1.1B | $1.2B | $1.5B | $1.3B |
| 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 | $266M | $264M | $254M | $250M | $246M | $251M | $232M | $233M | $225M | $214M |
| Total assets | $2.3B | $2.9B | $1.9B | $1.9B | $1.8B | $2.0B | $1.7B | $1.7B | $1.4B | $1.3B |
| Total liabilities | $3.5B | $4.2B | $3.3B | $3.3B | $3.2B | $3.2B | $3.3B | $3.3B | $3.4B | $3.5B |
| Shareholders' equity | β$1.2B | β$1.3B | β$1.4B | β$1.5B | β$1.4B | β$1.3B | β$1.6B | β$1.6B | β$2.0B | β$2.2B |
| Margins | ||||||||||
| Gross margin | 82.6% | 83.4% | 84.2% | 85.4% | 85.8% | 85.6% | 85.9% | 86.8% | 87.7% | 88.2% |
| Operating margin | 60.1% | 60.7% | 63.2% | 65.5% | 65.2% | 65.3% | 66.2% | 67.0% | 68.0% | 67.7% |
| EBITDA margin | 65.2% | 65.0% | 67.1% | 69.2% | 68.8% | 68.9% | 69.5% | 70.0% | 70.3% | 69.6% |
| Net margin | 38.6% | 39.3% | 47.9% | 49.7% | 64.4% | 59.1% | 47.3% | 54.8% | 50.5% | 49.8% |
| FCF margin | 58.4% | 56.1% | 54.4% | 57.9% | 54.3% | 56.8% | 56.4% | 54.1% | 56.2% | 64.5% |
| Returns | ||||||||||
| Return on capital employed | 82.4% | 64.5% | 65.4% | 86.9% | 98.9% | 102.7% | 123.6% | 170.0% | 485.5% | β1,701.1% |
| Return on assets | 18.8% | 17.3% | 24.0% | 32.5% | 45.0% | 41.9% | 36.3% | 47.0% | 49.8% | 60.4% |
| Growth | ||||||||||
| Revenue growth | 7.8% | 2.0% | 4.3% | 1.4% | 2.7% | 4.9% | 7.3% | 4.8% | 4.3% | 6.4% |
| Net income growth | 17.4% | 3.8% | 27.4% | 5.1% | 33.1% | β3.7% | β14.1% | 21.3% | β3.9% | 5.1% |
| EPS growth | 21.3% | 7.6% | 29.1% | 8.4% | 37.3% | β1.0% | β10.9% | 26.6% | 1.3% | 10.1% |
| FCF growth | 5.9% | β2.0% | 1.2% | 8.0% | β3.8% | 9.8% | 6.6% | 0.5% | 8.2% | 22.2% |
| Share count change | β3.2% | β3.6% | β1.2% | β3.0% | β3.1% | β2.7% | β3.7% | β4.2% | β5.1% | β4.5% |
| Financial health | ||||||||||
| Net debt / EBITDA | 0.1x | β0.0x | 0.6x | 0.7x | 0.7x | 0.6x | 0.8x | 0.8x | 1.1x | 1.1x |
| Interest coverage | 5.9x | 5.2x | 6.7x | 8.9x | 9.1x | 10.4x | 12.5x | 13.3x | 14.1x | 14.6x |
| Current ratio | 1.2x | 1.6x | 1.4x | 1.3x | 1.2x | 1.2x | 0.9x | 0.8x | 0.4x | 0.5x |
| Quick ratio | 1.2x | 1.6x | 1.4x | 1.3x | 1.2x | 1.2x | 0.9x | 0.8x | 0.4x | 0.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.3% | 4.3% | 3.1% | 3.3% | 3.4% | 4.0% | 1.9% | 3.1% | 1.8% | 1.4% |
| Stock comp / revenue | 4.4% | 4.5% | 4.3% | 4.1% | 3.8% | 4.0% | 4.1% | 4.0% | 3.9% | 4.2% |
| Payouts / FCF | 99.4% | 95.1% | 96.6% | 109.7% | 113.2% | 95.8% | 130.4% | 111.6% | 140.2% | 102.7% |
| Quality scores | ||||||||||
| Piotroski F-score | 6.0 | 8.0 | 7.0 | 7.0 | 6.0 | 7.0 | 5.0 | 7.0 | 6.0 | 8.0 |
| Altman Z'' | β22.9 | β16.3 | β25.6 | β25.4 | β25.4 | β21.3 | β23.9 | β22.4 | β28.8 | β27.3 |
| Accruals ratio | β10.8% | β9.3% | β4.8% | β7.5% | 4.7% | β1.2% | β8.5% | β2.1% | β7.4% | β19.4% |
Source: SEC EDGAR XBRL filings (CIK 0001014473). Data updated October 22, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
