1.Sales and profit
See section β- News had $9.0B of revenue in fiscal 2026, up 6.8% on the year before. Over five years, revenue changed β0.7% a year on average.
- News made $573M of net profit in fiscal 2026.
News
NWSA Nasdaq Publishing Financials FY2017βFY2026
News Corp is a media and information company. It owns The Wall Street Journal, Barron's and other Dow Jones news and data products, the HarperCollins book publisher, newspapers such as The Times, The Sun and The Australian, the property sites realestate.com.au and Realtor.com, and the radio brand talkSPORT. It operates mainly in the United States, Australia and the United Kingdom.
Download report
3-page PDF: the company, its results and charts with peers.
KIRAβs summary AI analyst
Hi! I read Newsβs latest annual report (fiscal 2026). Here is what stands out:
4 strengths
2.Cash and shareholders
See section β- Free cash flow was $811M in fiscal 2026, 9.0% of revenue.
- News returned $845M to shareholders in fiscal 2026, 104% of free cash flow. The diluted share count fell 2.0%.
- In the last 12 months, insiders sold $3.2M of shares on the open market and bought none.
3.Financial health
See section β- News has $106M more cash than debt.
- Its return on capital was 8.9%: every 100 invested in the business earned about 9 in a year.
- News passes 5 of 8 financial health tests (Piotroski F-score).
4.Price and value
See section β- At $30.74 a share, the company is worth $17.2B.
- News grew sales faster than 3 of its 4 similar companies.
Biggest risks, in its own words
- Competition from other media, and its ability to keep up with new technology and changes in how people read, watch and shop.
- A drop in advertising spending, or changes in the online advertising market that cut its advertising revenue.
- Its dependence on a single or limited number of suppliers for some products, services, data and information.
- Developments in AI, including its own use of AI, which could harm its business or reputation.
- Higher costs to print and distribute books and newspapers, or disruption of printing and distribution.
News in 30 seconds
Good So-so Weak
Good
Are sales growing?
+6.8%
Yes. Sales grew 6.8% last year.
So-so
Does it make a profit?
6.4%
A little. It keeps 6.4% of every sale as profit.
So-so
Does profit turn into cash?
9.0%
Partly. 9.0% of sales ends up as free cash.
Good
Is debt under control?
Net cash
Yes. It has more cash than debt.
So-so
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2026
Market cap
Last close times the latest diluted share count, so it is approximate.
$17.2B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
β
Charts by
Sales and profit
Is it selling more, and how much does it keep?
Results dates
In plain words: Every quarter, companies publish how much they sold and earned. These are the days News did it, and the next one. Share prices often move a lot on those days.
Next results
November 5, 2026
Thursday Β· in 10 days
- Time
- Time not announced
- Covers
- Period ended Sep 30, 2026
- Expected EPS
- $0.26
- Source
- Earnings calendar
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 5, 2026 | Q4 '26 | After the market closes | 8-K β |
| May 7, 2026 | Q3 '26 | After the market closes | 8-K β |
| Feb 5, 2026 | Q2 '26 | After the market closes | 8-K β |
| Nov 6, 2025 | Q1 '26 | After the market closes | 8-K β |
| Aug 5, 2025 | Q4 '25 | After the market closes | 8-K β |
| May 8, 2025 | Q3 '25 | After the market closes | 8-K β |
| Feb 5, 2025 | Q2 '25 | After the market closes | 8-K β |
| Nov 7, 2024 | Q1 '25 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
Revenue and margins
KIRA Β· News had $9.0B of revenue in fiscal 2026, up 6.8% on the year before. Over five years, revenue changed β0.7% a year on average.
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
FY17
Revenue $8.1B
FY18
Revenue $9.0B
FY19
Revenue $10.1B
FY20
Revenue $9.0B
FY21
Revenue $9.4B
FY22
Revenue $10.4B
FY23
Revenue $8.0B
FY24
Revenue $8.3B
FY25
Revenue $8.5B
FY26
Revenue $9.0B
Revenue
Q1 '24
Revenue $2.0B
Q2 '24
Revenue $2.1B
Q3 '24
Revenue $2.0B
Q4 '24
Revenue $2.1B
Q1 '25
Revenue $2.1B
Q2 '25
Revenue $2.2B
Q3 '25
Revenue $2.0B
Q4 '25
Revenue $2.1B
Q1 '26
Revenue $2.1B
Q2 '26
Revenue $2.4B
Q3 '26
Revenue $2.2B
Q4 '26
Revenue $2.3B
Margins, % of revenue
FY17
Gross β
Operating β
Net β9.1%
FCF 2.9%
FY18
Gross β
Operating β
Net β16.8%
FCF 4.4%
FY19
Gross β
Operating β
Net 1.5%
FCF 3.5%
FY20
Gross β
Operating β
Net β14.1%
FCF 3.8%
FY21
Gross β
Operating β
Net 3.5%
FCF 9.1%
FY22
Gross β
Operating β
Net 6.0%
FCF 8.2%
FY23
Gross β
Operating β
Net 1.9%
FCF 9.3%
FY24
Gross β
Operating β
Net 3.2%
FCF 9.0%
FY25
Gross β
Operating β
Net 14.0%
FCF 6.8%
FY26
Gross β
Operating β
Net 6.4%
FCF 9.0%
Gross
Operating
Net
FCF
Margins, % of revenue
Q1 '24
Gross β
Operating β
Net 1.5%
FCF β8.8%
Q2 '24
Gross β
Operating β
Net 7.3%
FCF 15.5%
Q3 '24
Gross β
Operating β
Net 1.5%
FCF 22.4%
Q4 '24
Gross β
Operating β
Net 2.4%
FCF 6.8%
Q1 '25
Gross β
Operating β
Net 5.7%
FCF β0.5%
Q2 '25
Gross β
Operating β
Net 9.6%
FCF 7.6%
Q3 '25
Gross β
Operating β
Net 5.1%
FCF 20.8%
Q4 '25
Gross β
Operating β
Net 35.2%
FCF 1.5%
Q1 '26
Gross β
Operating β
Net 5.2%
FCF 0.2%
Q2 '26
Gross β
Operating β
Net 8.2%
FCF 5.6%
Q3 '26
Gross β
Operating β
Net 4.1%
FCF 18.3%
Q4 '26
Gross β
Operating β
Net 7.7%
FCF 11.8%
Gross
Operating
Net
FCF
Net income and earnings per share
KIRA Β· News made $573M of net profit in fiscal 2026.
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
FY17
Net income β$738M
FY18
Net income β$1.5B
FY19
Net income $155M
FY20
Net income β$1.3B
FY21
Net income $330M
FY22
Net income $623M
FY23
Net income $149M
FY24
Net income $266M
FY25
Net income $1.2B
FY26
Net income $573M
Net income
Q1 '24
Net income $30.0M
Q2 '24
Net income $156M
Q3 '24
Net income $30.0M
Q4 '24
Net income $50.0M
Q1 '25
Net income $119M
Q2 '25
Net income $215M
Q3 '25
Net income $103M
Q4 '25
Net income $743M
Q1 '26
Net income $112M
Q2 '26
Net income $193M
Q3 '26
Net income $89.0M
Q4 '26
Net income $179M
Diluted EPS
FY17
Diluted EPS β$1.27
FY18
Diluted EPS β$2.60
FY19
Diluted EPS $0.26
FY20
Diluted EPS β$2.16
FY21
Diluted EPS $0.56
FY22
Diluted EPS $1.05
FY23
Diluted EPS $0.26
FY24
Diluted EPS $0.46
FY25
Diluted EPS $2.07
FY26
Diluted EPS $1.03
Diluted EPS
Q1 '24
Diluted EPS $0.05
Q2 '24
Diluted EPS $0.27
Q3 '24
Diluted EPS $0.05
Q4 '24
Diluted EPS $0.09
Q1 '25
Diluted EPS $0.21
Q2 '25
Diluted EPS $0.38
Q3 '25
Diluted EPS $0.18
Q4 '25
Diluted EPS $1.31
Q1 '26
Diluted EPS $0.20
Q2 '26
Diluted EPS $0.34
Q3 '26
Diluted EPS $0.16
Q4 '26
Diluted EPS $0.33
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
KIRA Β· Free cash flow was $811M in fiscal 2026, 9.0% 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
FY17
Free cash flow $238M
FY18
Free cash flow $393M
FY19
Free cash flow $356M
FY20
Free cash flow $342M
FY21
Free cash flow $847M
FY22
Free cash flow $855M
FY23
Free cash flow $745M
FY24
Free cash flow $741M
FY25
Free cash flow $571M
FY26
Free cash flow $811M
Free cash flow
Q1 '24
Free cash flow β$179M
Q2 '24
Free cash flow $330M
Q3 '24
Free cash flow $447M
Q4 '24
Free cash flow $143M
Q1 '25
Free cash flow β$11.0M
Q2 '25
Free cash flow $170M
Q3 '25
Free cash flow $418M
Q4 '25
Free cash flow $32.0M
Q1 '26
Free cash flow $4.0M
Q2 '26
Free cash flow $132M
Q3 '26
Free cash flow $399M
Q4 '26
Free cash flow $276M
Cash from operations vs capital spending
FY17
Cash from operations $494M
Capital spending $256M
FY18
Cash from operations $757M
Capital spending $364M
FY19
Cash from operations $928M
Capital spending $572M
FY20
Cash from operations $780M
Capital spending $438M
FY21
Cash from operations $1.2B
Capital spending $390M
FY22
Cash from operations $1.4B
Capital spending $499M
FY23
Cash from operations $1.1B
Capital spending $347M
FY24
Cash from operations $1.1B
Capital spending $357M
FY25
Cash from operations $978M
Capital spending $407M
FY26
Cash from operations $1.2B
Capital spending $426M
Cash from operations
Capital spending
Cash from operations vs capital spending
Q1 '24
Cash from operations β$55.0M
Capital spending $124M
Q2 '24
Cash from operations $360M
Capital spending $30.0M
Q3 '24
Cash from operations $539M
Capital spending $92.0M
Q4 '24
Cash from operations $254M
Capital spending $111M
Q1 '25
Cash from operations $64.0M
Capital spending $75.0M
Q2 '25
Cash from operations $252M
Capital spending $82.0M
Q3 '25
Cash from operations $511M
Capital spending $93.0M
Q4 '25
Cash from operations $189M
Capital spending $157M
Q1 '26
Cash from operations $85.0M
Capital spending $81.0M
Q2 '26
Cash from operations $231M
Capital spending $99.0M
Q3 '26
Cash from operations $499M
Capital spending $100M
Q4 '26
Cash from operations $422M
Capital spending $146M
Cash from operations
Capital spending
Dividends, buybacks and share count
KIRA Β· News returned $845M to shareholders in fiscal 2026, 104% of free cash flow. The diluted share count fell 2.0%.
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
FY17
Dividends $152M
Buybacks $0.0M
FY18
Dividends $158M
Buybacks $0.0M
FY19
Dividends $161M
Buybacks $0.0M
FY20
Dividends $158M
Buybacks $0.0M
FY21
Dividends $163M
Buybacks $0.0M
FY22
Dividends $175M
Buybacks $179M
FY23
Dividends $174M
Buybacks $243M
FY24
Dividends $172M
Buybacks $117M
FY25
Dividends $185M
Buybacks $150M
FY26
Dividends $204M
Buybacks $641M
Dividends
Buybacks
Dividends and buybacks
Q1 '24
Dividends $28.0M
Buybacks $29.0M
Q2 '24
Dividends $57.0M
Buybacks $27.0M
Q3 '24
Dividends $30.0M
Buybacks $27.0M
Q4 '24
Dividends $57.0M
Buybacks $34.0M
Q1 '25
Dividends $35.0M
Buybacks $38.0M
Q2 '25
Dividends $57.0M
Buybacks $40.0M
Q3 '25
Dividends $36.0M
Buybacks $36.0M
Q4 '25
Dividends $57.0M
Buybacks $36.0M
Q1 '26
Dividends $47.0M
Buybacks $92.0M
Q2 '26
Dividends $57.0M
Buybacks $172M
Q3 '26
Dividends $45.0M
Buybacks $192M
Q4 '26
Dividends $55.0M
Buybacks $185M
Dividends
Buybacks
Diluted shares outstanding (annual)
FY17
Diluted shares 0.58B
FY18
Diluted shares 0.58B
FY19
Diluted shares 0.59B
FY20
Diluted shares 0.59B
FY21
Diluted shares 0.59B
FY22
Diluted shares 0.59B
FY23
Diluted shares 0.58B
FY24
Diluted shares 0.57B
FY25
Diluted shares 0.57B
FY26
Diluted shares 0.56B
Insider trades
KIRA Β· In the last 12 months, insiders sold $3.2M of shares on the open market and bought none.
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
0 insiders
Sold, 12 months
$3.2M
5 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | David B PitofskyGeneral Counsel | Sold | 51,423 | $28.76 | $1.5M | Form 4 |
| Aug 17, 2026 | Julian DelanyChief Technology Officer | Sold | 1,747 | $28.72 | $0.1M | Form 4 |
| Aug 17, 2026 | Lavanya ChandrashekarChief Financial Officer | Sold | 17,785 | $28.67 | $0.5M | Form 4 |
| Aug 17, 2026 | Marygrace DeGrazioChief Accounting Officer | Sold | 18,303 | $28.76 | $0.5M | Form 4 |
| Aug 17, 2026 | Ruth AllenChief Human Resources Officer | Sold | 21,521 | $28.99 | $0.6M | Form 4 |
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
KIRA Β· News has $106M more cash than debt.
Cash, debt and the ratios that show how comfortably News 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)
FY17
Cash $2.0B
Debt $379M
FY18
Cash $2.0B
Debt $2.0B
FY19
Cash $1.6B
Debt $1.5B
FY20
Cash $1.5B
Debt $1.4B
FY21
Cash $2.2B
Debt $2.4B
FY22
Cash $1.8B
Debt $3.1B
FY23
Cash $1.8B
Debt $3.0B
FY24
Cash $1.9B
Debt $2.1B
FY25
Cash $2.4B
Debt $2.0B
FY26
Cash $2.1B
Debt $2.0B
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.8B | $1.8B | $1.9B | $2.4B | $2.1B |
| Debt incl. finance leases | $3.1B | $3.0B | $2.1B | $2.0B | $2.0B |
| Net debt / EBITDA | 0.8x | 1.5x | 0.2x | β0.3x | β0.1x |
| Debt / equity | 0.4x | 0.4x | 0.3x | 0.2x | 0.2x |
| Interest coverage | 9.5x | 7.2x | 7.0x | 10.9x | 12.6x |
| Current ratio | 1.2x | 1.3x | 1.4x | 1.8x | 1.6x |
| Quick ratio | 1.1x | 1.2x | 1.3x | 1.7x | 1.5x |
| Total assets | $17.2B | $16.9B | $16.7B | $15.5B | $15.5B |
| Total liabilities | $8.1B | $8.0B | $7.7B | $6.1B | $6.3B |
| Shareholders' equity | $8.2B | $8.1B | $8.1B | $8.8B | $8.5B |
| Net debt (β = net cash) | $1.3B | $1.2B | $253M | β$441M | β$106M |
Returns on capital
KIRA Β· Its return on capital was 8.9%: every 100 invested in the business earned about 9 in a year.
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)
FY17
Return on capital β4.8%
Return on equity β6.6%
Return on assets β4.9%
FY18
Return on capital β8.5%
Return on equity β15.1%
Return on assets β9.8%
FY19
Return on capital 2.7%
Return on equity 1.7%
Return on assets 1.0%
FY20
Return on capital β12.6%
Return on equity β15.2%
Return on assets β8.5%
FY21
Return on capital 5.0%
Return on equity 4.2%
Return on assets 2.1%
FY22
Return on capital 8.6%
Return on equity 7.6%
Return on assets 3.7%
FY23
Return on capital 2.6%
Return on equity 1.8%
Return on assets 0.9%
FY24
Return on capital 4.5%
Return on equity 3.3%
Return on assets 1.6%
FY25
Return on capital 7.8%
Return on equity 14.0%
Return on assets 7.3%
FY26
Return on capital 8.9%
Return on equity 6.6%
Return on assets 3.7%
Return on capital
Return on equity
Return on assets
Piotroski F-score
KIRA Β· News passes 5 of 8 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 | FY24 | FY25 | FY26 |
|---|---|---|---|
| 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 | 8 / 8 | 7 / 8 | 5 / 8 |
| Accruals ratio | β5.0% | 1.3% | β4.3% |
| Altman Z'' | 1.66 | 2.83 | 2.69 |
Price and value
What does the share cost, and how does it compare?
Value News yourself
KIRA Β· At $30.74 a share, the company is worth $17.2B.
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.
Discounted cash flow
Value per share
β
Adds net cash of $106M and divides by 558.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
β
Reference multiples: today 29.8x Β· peers 20.8x Β· sector 17.1x.
Similar companies
KIRA Β· News grew sales faster than 3 of its 4 similar companies.
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 | |
|---|---|---|---|---|---|---|---|---|
| News NWSA | $17.2B | 6.8% | β | 9.0% | 8.9% | β | 5 | |
| New York Times NYT | $11.3B | 9.2% | 15.3% | 19.5% | 23.8% | 29.0x | 7 | Compare β |
| John Wiley & Sons WLY | $2.7B | β0.1% | 16.5% | 12.5% | 19.0% | 14.5x | 8 | Compare β |
| Scholastic SCHL | $728M | β2.7% | 1.0% | 0.2% | 1.1% | 27.1x | 7 | Compare β |
| SiriusXM SIRI | $9.4B | β1.6% | 17.2% | 14.6% | 5.3% | 11.1x | 6 | Compare β |
All figures
Every number, year by year.
10 years of figures
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $8.1B | $9.0B | $10.1B | $9.0B | $9.4B | $10.4B | $8.0B | $8.3B | $8.5B | $9.0B |
| Interest expense | $12.0M | $29.0M | $82.0M | $61.0M | $55.0M | $96.0M | $61.0M | $97.0M | $93.0M | $90.0M |
| Pretax income | β$615M | β$1.1B | $354M | β$1.5B | $450M | $812M | $380M | $585M | $923M | $1.0B |
| Income tax | $28.0M | $355M | $126M | $21.0M | $61.0M | $52.0M | $152M | $206M | $275M | $303M |
| Net income | β$738M | β$1.5B | $155M | β$1.3B | $330M | $623M | $149M | $266M | $1.2B | $573M |
| Diluted EPS | β$1.27 | β$2.60 | $0.26 | β$2.16 | $0.56 | $1.05 | $0.26 | $0.46 | $2.07 | $1.03 |
| Diluted shares | 0.58B | 0.58B | 0.59B | 0.59B | 0.59B | 0.59B | 0.58B | 0.57B | 0.57B | 0.56B |
| Cash flow | ||||||||||
| Cash from operations | $494M | $757M | $928M | $780M | $1.2B | $1.4B | $1.1B | $1.1B | $978M | $1.2B |
| Capital expenditure | $256M | $364M | $572M | $438M | $390M | $499M | $347M | $357M | $407M | $426M |
| Free cash flow | $238M | $393M | $356M | $342M | $847M | $855M | $745M | $741M | $571M | $811M |
| Depreciation and amortization | $449M | $472M | $659M | $644M | $680M | $688M | $415M | $440M | $459M | $485M |
| Stock-based compensation | $38.0M | $76.0M | $73.0M | $69.0M | $128M | $59.0M | $87.0M | $91.0M | $84.0M | $77.0M |
| Acquisitions | $347M | $77.0M | $188M | $32.0M | $886M | $1.5B | $17.0M | $38.0M | $96.0M | $122M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $179M | $243M | $117M | $150M | $641M |
| Dividends paid | $152M | $158M | $161M | $158M | $163M | $175M | $174M | $172M | $185M | $204M |
| Dividends and buybacks | $152M | $158M | $161M | $158M | $163M | $354M | $417M | $289M | $335M | $845M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $2.0B | $2.0B | $1.6B | $1.5B | $2.2B | $1.8B | $1.8B | $1.9B | $2.4B | $2.1B |
| Total debt | $379M | $2.0B | $1.5B | $1.3B | $2.3B | $3.1B | $3.0B | $2.1B | $2.0B | $2.0B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $118M | $100M | $67.0M | $42.0M | $23.0M | $0.0M | $0.0M |
| Current assets | $3.8B | $4.4B | $4.1B | $3.5B | $4.5B | $4.1B | $4.1B | $4.4B | $4.8B | $4.5B |
| Current liabilities | $2.5B | $3.3B | $3.3B | $2.7B | $3.2B | $3.5B | $3.2B | $3.1B | $2.6B | $2.8B |
| Inventory | $208M | $376M | $348M | $348M | $253M | $311M | $311M | $266M | $327M | $302M |
| Property and equipment, net | $1.6B | $2.6B | $2.6B | $2.3B | $2.3B | $2.1B | $2.0B | $1.3B | $1.3B | $1.4B |
| Total assets | $14.6B | $16.3B | $15.7B | $14.3B | $16.8B | $17.2B | $16.9B | $16.7B | $15.5B | $15.5B |
| Total liabilities | $3.5B | $5.9B | $5.4B | $5.9B | $7.6B | $8.1B | $8.0B | $7.7B | $6.1B | $6.3B |
| Shareholders' equity | $10.8B | $9.3B | $9.1B | $7.6B | $8.2B | $8.2B | $8.1B | $8.1B | $8.8B | $8.5B |
| Margins | ||||||||||
| EBITDA margin | β1.9% | β6.5% | 10.9% | β9.1% | 12.7% | 15.4% | 10.7% | 13.6% | 17.5% | 18.0% |
| Net margin | β9.1% | β16.8% | 1.5% | β14.1% | 3.5% | 6.0% | 1.9% | 3.2% | 14.0% | 6.4% |
| FCF margin | 2.9% | 4.4% | 3.5% | 3.8% | 9.1% | 8.2% | 9.3% | 9.0% | 6.8% | 9.0% |
| Returns | ||||||||||
| Return on capital | β4.8% | β8.5% | 2.7% | β12.6% | 5.0% | 8.6% | 2.6% | 4.5% | 7.8% | 8.9% |
| Return on capital employed | β4.8% | β8.4% | 3.4% | β12.2% | 4.0% | 6.7% | 3.2% | 5.0% | 7.7% | 8.9% |
| Return on equity | β6.6% | β15.1% | 1.7% | β15.2% | 4.2% | 7.6% | 1.8% | 3.3% | 14.0% | 6.6% |
| Return on assets | β4.9% | β9.8% | 1.0% | β8.5% | 2.1% | 3.7% | 0.9% | 1.6% | 7.3% | 3.7% |
| Growth | ||||||||||
| Revenue growth | β1.9% | 10.9% | 11.6% | β10.6% | 3.9% | 11.0% | β22.9% | 3.0% | 2.4% | 6.8% |
| Net income growth | β512.3% | β | β | β918.7% | β | 88.8% | β76.1% | 78.5% | 343.6% | β51.4% |
| EPS growth | β523.3% | β | β | β930.8% | β | 87.5% | β75.2% | 76.9% | 350.0% | β50.2% |
| FCF growth | β61.7% | 65.1% | β9.4% | β3.9% | 147.7% | 0.9% | β12.9% | β0.5% | β22.9% | 42.0% |
| Share count change | β0.2% | 0.2% | 0.9% | 0.0% | 0.9% | β0.2% | β2.3% | β0.9% | β0.6% | β2.0% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | β0.2x | β | 0.2x | 0.8x | 1.5x | 0.2x | β0.3x | β0.1x |
| Debt / equity | 0.0x | 0.2x | 0.2x | 0.2x | 0.3x | 0.4x | 0.4x | 0.3x | 0.2x | 0.2x |
| Interest coverage | β50.3x | β36.6x | 5.3x | β24.0x | 9.2x | 9.5x | 7.2x | 7.0x | 10.9x | 12.6x |
| Current ratio | 1.6x | 1.3x | 1.2x | 1.3x | 1.4x | 1.2x | 1.3x | 1.4x | 1.8x | 1.6x |
| Quick ratio | 1.5x | 1.2x | 1.1x | 1.2x | 1.3x | 1.1x | 1.2x | 1.3x | 1.7x | 1.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 3.2% | 4.0% | 5.7% | 4.9% | 4.2% | 4.8% | 4.3% | 4.3% | 4.8% | 4.7% |
| Stock comp / revenue | 0.5% | 0.8% | 0.7% | 0.8% | 1.4% | 0.6% | 1.1% | 1.1% | 1.0% | 0.9% |
| Payouts / FCF | 63.9% | 40.2% | 45.2% | 46.2% | 19.2% | 41.4% | 56.0% | 39.0% | 58.7% | 104.2% |
| Quality scores | ||||||||||
| Piotroski F-score | 3.0 | 3.0 | 5.0 | 5.0 | 6.0 | 5.0 | 6.0 | 8.0 | 7.0 | 5.0 |
| Altman Z'' | 3.5 | 1.5 | 2.1 | 0.4 | 1.4 | 1.3 | 1.3 | 1.7 | 2.8 | 2.7 |
| Accruals ratio | β8.2% | β14.7% | β4.8% | β13.7% | β5.9% | β4.3% | β5.5% | β5.0% | 1.3% | β4.3% |
Source: SEC EDGAR XBRL filings (CIK 0001564708). Data updated October 9, 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.