1.Sales and profit
See section β- Occidental Petroleum had $21.6B of revenue in fiscal 2025, down 1.9% on the year before. Over five years, revenue changed +3.9% a year on average.
- Occidental Petroleum made $2.4B of net profit in fiscal 2025.
Occidental Petroleum
OXY NYSE Oil & Gas Exploration & Production Financials FY2016βFY2025
Occidental, known as Oxy, is an energy company that finds and produces oil, natural gas and natural gas liquids. Its assets are mostly in the United States, the Middle East and North Africa. It says it is among the largest oil and gas producers in the United States, with positions in the Permian and DJ Basins and the offshore Gulf of America, and that it is the largest independent oil producer in Oman.
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3-page PDF: the company, its results and charts with peers.
KIRAβs summary AI analyst
Hi! I read Occidental Petroleumβs latest annual report (fiscal 2025). Here is what stands out:
2 strengths 2 to watch
2.Cash and shareholders
See section β- Free cash flow was $4.1B in fiscal 2025, 19.0% of revenue.
- Occidental Petroleum returned $1.6B to shareholders in fiscal 2025, 39% of free cash flow. The diluted share count rose 3.4%.
- In the last 12 months, insiders bought $0.4M of shares on the open market and sold none.
3.Financial health
See section β- Occidental Petroleum owes $20.4B more than it holds in cash, about 1.7 years of operating profit.
- Its return on capital was 4.9%: every 100 invested in the business earned about 5 in a year.
- Occidental Petroleum passes 4 of 8 financial health tests (Piotroski F-score).
4.Price and value
See section β- At $64.17 a share, the company is worth $65.0B: 9.9 times its earnings of the last four quarters.
- Occidental Petroleum grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 0 of 3.
Biggest risks, in its own words
- Volatile oil, gas and product prices that strongly affect its results.
- Its debt, which could limit its financial flexibility.
- Operational hazards and catastrophic events, such as accidents at its facilities.
- Health, safety, environmental and climate-related rules that could raise its costs.
- Not finding or producing enough oil and gas to replace reserves, and errors in its reserve estimates.
Occidental Petroleum in 30 seconds
Good So-so Weak
Weak
Are sales growing?
β1.9%
No. Sales fell 1.9% last year.
Good
Does it make a profit?
11.0%
Yes. It keeps 11.0% of every sale as profit.
Good
Does profit turn into cash?
19.0%
Yes. 19.0% of sales ends up as free cash.
So-so
Is debt under control?
1.7x
Keep an eye on it. Repaying its debt would take 1.7 years of operating profit.
So-so
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
For information
How is the share priced?
9.9x
One share costs 9.9 times its yearly profit per share. Typical for its sector: 17.4x.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$65.0B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
9.9x
On $6.46 EPS (TTM)
About these figures. Occidental's 2025 filing no longer tags a total cost of sales, so gross profit and gross margin for 2025 are left blank. Shareholders' equity includes the small share of minority owners, because the SEC's structured data holds a wrong figure for Occidental's own equity in 2017.
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 Occidental Petroleum did it, and the next one. Share prices often move a lot on those days.
Next results
November 9, 2026
Monday Β· in 14 days
- Time
- After the market closes
- Covers
- Period ended Sep 30, 2026
- Expected EPS
- $1.39
- Source
- Earnings calendar
| Date | Results for | Time | Source |
|---|---|---|---|
| Oct 13, 2026 | Period ended Sep 30, 2026 | Before the market opens | 8-K β |
| Jul 10, 2026 | Q2 '26 | After the market closes | 8-K β |
| Apr 10, 2026 | Q1 '26 | Before the market opens | 8-K β |
| Jan 20, 2026 | Q4 '25 | Before the market opens | 8-K β |
| Oct 10, 2025 | Q3 '25 | Before the market opens | 8-K β |
| Jul 14, 2025 | Q2 '25 | Before the market opens | 8-K β |
| Apr 9, 2025 | Q1 '25 | After the market closes | 8-K β |
| Jan 10, 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.
Revenue and margins
KIRA Β· Occidental Petroleum had $21.6B of revenue in fiscal 2025, down 1.9% on the year before. Over five years, revenue changed +3.9% 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
FY16
Revenue $10.1B
FY17
Revenue $12.5B
FY18
Revenue $17.8B
FY19
Revenue $20.9B
FY20
Revenue $17.8B
FY21
Revenue $26.0B
FY22
Revenue $36.6B
FY23
Revenue $23.2B
FY24
Revenue $22.0B
FY25
Revenue $21.6B
Revenue
Q3 '23
Revenue $7.2B
Q4 '23
Revenue $2.1B
Q1 '24
Revenue $6.0B
Q2 '24
Revenue $6.8B
Q3 '24
Revenue $7.2B
Q4 '24
Revenue $2.1B
Q1 '25
Revenue $5.7B
Q2 '25
Revenue $5.3B
Q3 '25
Revenue $6.6B
Q4 '25
Revenue $1.8B
Q1 '26
Revenue $5.2B
Q2 '26
Revenue $8.1B
Margins, % of revenue
FY16
Gross β
Operating β
Net β5.7%
FCF 6.6%
FY17
Gross 76.5%
Operating β
Net 10.5%
FCF 10.1%
FY18
Gross 84.1%
Operating β
Net 23.2%
FCF 15.1%
FY19
Gross 86.7%
Operating β
Net β4.7%
FCF 4.8%
FY20
Gross 86.5%
Operating β
Net β83.3%
FCF 8.0%
FY21
Gross 89.3%
Operating β
Net 9.0%
FCF 29.1%
FY22
Gross 91.1%
Operating β
Net 36.3%
FCF 33.6%
FY23
Gross 86.5%
Operating β
Net 20.3%
FCF 28.6%
FY24
Gross 85.8%
Operating β
Net 14.0%
FCF 23.5%
FY25
Gross β
Operating β
Net 11.0%
FCF 19.0%
Gross
Operating
Net
FCF
Margins, % of revenue
Q3 '23
Gross 90.5%
Operating β
Net 19.2%
FCF 21.1%
Q4 '23
Gross 56.6%
Operating β
Net 57.9%
FCF 109.6%
Q1 '24
Gross 86.1%
Operating β
Net 14.9%
FCF 3.8%
Q2 '24
Gross 86.7%
Operating β
Net 17.2%
FCF 9.1%
Q3 '24
Gross 87.6%
Operating β
Net 15.9%
FCF 27.9%
Q4 '24
Gross 76.0%
Operating β
Net β5.8%
FCF 113.4%
Q1 '25
Gross 86.0%
Operating β
Net 16.6%
FCF 8.2%
Q2 '25
Gross 83.9%
Operating β
Net 8.9%
FCF 23.9%
Q3 '25
Gross 87.7%
Operating β
Net 12.7%
FCF 7.6%
Q4 '25
Gross β
Operating β
Net 6.5%
FCF 107.4%
Q1 '26
Gross β
Operating β
Net 64.2%
FCF β5.2%
Q2 '26
Gross β
Operating β
Net 37.2%
FCF 33.3%
Gross
Operating
Net
FCF
Net income and earnings per share
KIRA Β· Occidental Petroleum made $2.4B of net profit in fiscal 2025.
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
FY16
Net income β$574M
FY17
Net income $1.3B
FY18
Net income $4.1B
FY19
Net income β$985M
FY20
Net income β$14.8B
FY21
Net income $2.3B
FY22
Net income $13.3B
FY23
Net income $4.7B
FY24
Net income $3.1B
FY25
Net income $2.4B
Net income
Q3 '23
Net income $1.4B
Q4 '23
Net income $1.2B
Q1 '24
Net income $888M
Q2 '24
Net income $1.2B
Q3 '24
Net income $1.1B
Q4 '24
Net income β$120M
Q1 '25
Net income $945M
Q2 '25
Net income $468M
Q3 '25
Net income $842M
Q4 '25
Net income $114M
Q1 '26
Net income $3.4B
Q2 '26
Net income $3.0B
Diluted EPS
FY16
Diluted EPS β$0.75
FY17
Diluted EPS $1.70
FY18
Diluted EPS $5.39
FY19
Diluted EPS β$1.22
FY20
Diluted EPS β$17.06
FY21
Diluted EPS $1.58
FY22
Diluted EPS $12.40
FY23
Diluted EPS $3.90
FY24
Diluted EPS $2.44
FY25
Diluted EPS $1.61
Diluted EPS
Q3 '23
Diluted EPS $1.20
Q4 '23
Diluted EPS $1.07
Q1 '24
Diluted EPS $0.75
Q2 '24
Diluted EPS $1.03
Q3 '24
Diluted EPS $0.98
Q4 '24
Diluted EPS β$0.33
Q1 '25
Diluted EPS $0.77
Q2 '25
Diluted EPS $0.26
Q3 '25
Diluted EPS $0.65
Q4 '25
Diluted EPS β$0.07
Q1 '26
Diluted EPS $3.13
Q2 '26
Diluted EPS $2.75
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
KIRA Β· Free cash flow was $4.1B in fiscal 2025, 19.0% 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
FY16
Free cash flow $667M
FY17
Free cash flow $1.3B
FY18
Free cash flow $2.7B
FY19
Free cash flow $1.0B
FY20
Free cash flow $1.4B
FY21
Free cash flow $7.6B
FY22
Free cash flow $12.3B
FY23
Free cash flow $6.6B
FY24
Free cash flow $5.2B
FY25
Free cash flow $4.1B
Free cash flow
Q3 '23
Free cash flow $1.5B
Q4 '23
Free cash flow $2.3B
Q1 '24
Free cash flow $224M
Q2 '24
Free cash flow $623M
Q3 '24
Free cash flow $2.0B
Q4 '24
Free cash flow $2.3B
Q1 '25
Free cash flow $466M
Q2 '25
Free cash flow $1.3B
Q3 '25
Free cash flow $503M
Q4 '25
Free cash flow $1.9B
Q1 '26
Free cash flow β$273M
Q2 '26
Free cash flow $2.7B
Cash from operations vs capital spending
FY16
Cash from operations $3.4B
Capital spending $2.7B
FY17
Cash from operations $4.9B
Capital spending $3.6B
FY18
Cash from operations $7.7B
Capital spending $5.0B
FY19
Cash from operations $7.4B
Capital spending $6.4B
FY20
Cash from operations $4.0B
Capital spending $2.5B
FY21
Cash from operations $10.4B
Capital spending $2.9B
FY22
Cash from operations $16.8B
Capital spending $4.5B
FY23
Cash from operations $12.3B
Capital spending $5.7B
FY24
Cash from operations $11.4B
Capital spending $6.3B
FY25
Cash from operations $10.5B
Capital spending $6.4B
Cash from operations
Capital spending
Cash from operations vs capital spending
Q3 '23
Cash from operations $3.1B
Capital spending $1.6B
Q4 '23
Cash from operations $3.2B
Capital spending $970M
Q1 '24
Cash from operations $2.0B
Capital spending $1.8B
Q2 '24
Cash from operations $2.4B
Capital spending $1.8B
Q3 '24
Cash from operations $3.7B
Capital spending $1.7B
Q4 '24
Cash from operations $3.4B
Capital spending $1.0B
Q1 '25
Cash from operations $2.1B
Capital spending $1.7B
Q2 '25
Cash from operations $3.0B
Capital spending $1.7B
Q3 '25
Cash from operations $2.8B
Capital spending $2.3B
Q4 '25
Cash from operations $2.6B
Capital spending $753M
Q1 '26
Cash from operations $1.3B
Capital spending $1.6B
Q2 '26
Cash from operations $4.3B
Capital spending $1.6B
Cash from operations
Capital spending
Dividends, buybacks and share count
KIRA Β· Occidental Petroleum returned $1.6B to shareholders in fiscal 2025, 39% of free cash flow. The diluted share count rose 3.4%.
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
FY16
Dividends $2.3B
Buybacks $22.0M
FY17
Dividends $2.3B
Buybacks $25.0M
FY18
Dividends $2.4B
Buybacks $1.2B
FY19
Dividends $2.6B
Buybacks $237M
FY20
Dividends $1.8B
Buybacks $12.0M
FY21
Dividends $839M
Buybacks $8.0M
FY22
Dividends $1.2B
Buybacks $3.1B
FY23
Dividends $1.4B
Buybacks $1.8B
FY24
Dividends $1.4B
Buybacks $27.0M
FY25
Dividends $1.6B
Buybacks $0.0M
Dividends
Buybacks
Dividends and buybacks
Q3 '23
Dividends $347M
Buybacks $434M
Q4 '23
Dividends $330M
Buybacks $187M
Q1 '24
Dividends $332M
Buybacks $0.0M
Q2 '24
Dividends $366M
Buybacks $9.0M
Q3 '24
Dividends $371M
Buybacks $0.0M
Q4 '24
Dividends $377M
Buybacks $18.0M
Q1 '25
Dividends $380M
Buybacks $0.0M
Q2 '25
Dividends $398M
Buybacks $0.0M
Q3 '25
Dividends $408M
Buybacks $0.0M
Q4 '25
Dividends $408M
Buybacks $0.0M
Q1 '26
Dividends $409M
Buybacks $56.0M
Q2 '26
Dividends $430M
Buybacks $61.0M
Dividends
Buybacks
Diluted shares outstanding (annual)
FY16
Diluted shares 0.76B
FY17
Diluted shares 0.77B
FY18
Diluted shares 0.76B
FY19
Diluted shares 0.81B
FY20
Diluted shares 0.92B
FY21
Diluted shares 0.96B
FY22
Diluted shares 1.00B
FY23
Diluted shares 0.96B
FY24
Diluted shares 0.97B
FY25
Diluted shares 1.00B
Insider trades
KIRA Β· In the last 12 months, insiders bought $0.4M of shares on the open market and sold 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
$0.4M
2 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
KIRA Β· Occidental Petroleum owes $20.4B more than it holds in cash, about 1.7 years of operating profit.
Cash, debt and the ratios that show how comfortably Occidental Petroleum 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)
FY16
Cash $2.2B
Debt β
FY17
Cash $1.7B
Debt $9.8B
FY18
Cash $3.0B
Debt $10.3B
FY19
Cash $3.0B
Debt $38.6B
FY20
Cash $2.0B
Debt $36.2B
FY21
Cash $2.8B
Debt $29.6B
FY22
Cash $984M
Debt $19.8B
FY23
Cash $1.4B
Debt $19.7B
FY24
Cash $2.1B
Debt $26.1B
FY25
Cash $2.0B
Debt $22.4B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $2.8B | $984M | $1.4B | $2.1B | $2.0B |
| Debt incl. finance leases | $29.6B | $19.8B | $19.7B | $26.1B | $22.4B |
| Net debt / EBITDA | 2.0x | 0.9x | 1.5x | 2.0x | 1.7x |
| Debt / equity | 1.5x | 0.7x | 0.7x | 0.8x | 0.6x |
| Interest coverage | 3.3x | 14.7x | 5.9x | 4.4x | 3.9x |
| Current ratio | 1.2x | 1.2x | 0.9x | 1.0x | 0.9x |
| Quick ratio | 1.0x | 0.9x | 0.7x | 0.8x | 0.7x |
| Total assets | $75.0B | $72.6B | $74.0B | $85.4B | $84.2B |
| Total liabilities | $54.7B | $42.5B | $43.7B | $51.0B | $47.6B |
| Shareholders' equity | $20.3B | $30.1B | $30.3B | $34.5B | $36.6B |
| Net debt (β = net cash) | $26.9B | $18.9B | $18.3B | $24.0B | $20.4B |
Returns on capital
KIRA Β· Its return on capital was 4.9%: every 100 invested in the business earned about 5 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)
FY16
Return on capital β
Return on equity β2.5%
Return on assets β1.3%
FY17
Return on capital β
Return on equity 6.2%
Return on assets 3.1%
FY18
Return on capital 15.4%
Return on equity 19.7%
Return on assets 9.8%
FY19
Return on capital 1.4%
Return on equity β3.6%
Return on assets β1.3%
FY20
Return on capital β18.4%
Return on equity β56.2%
Return on assets β15.8%
FY21
Return on capital 8.0%
Return on equity 11.9%
Return on assets 3.0%
FY22
Return on capital 29.7%
Return on equity 52.8%
Return on assets 18.0%
FY23
Return on capital 8.2%
Return on equity 15.5%
Return on assets 6.4%
FY24
Return on capital 6.9%
Return on equity 9.5%
Return on assets 3.9%
FY25
Return on capital 4.9%
Return on equity 6.7%
Return on assets 2.8%
Return on capital
Return on equity
Return on assets
Piotroski F-score
KIRA Β· Occidental Petroleum passes 4 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 | 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 | 5 / 9 | 4 / 9 | 4 / 8 |
| Accruals ratio | β10.4% | β10.5% | β9.6% |
| Altman Z'' | 2.04 | 1.89 | 1.94 |
Price and value
What does the share cost, and how does it compare?
Value Occidental Petroleum yourself
KIRA Β· At $64.17 a share, the company is worth $65.0B: 9.9 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.
Discounted cash flow
Value per share
β
Adds net cash of β$20.4B and divides by 1,000.1M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
β
Reference multiples: today 9.9x Β· peers 12.7x Β· sector 17.4x.
Similar companies
KIRA Β· Occidental Petroleum grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 0 of 3.
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 | |
|---|---|---|---|---|---|---|---|---|
| Occidental Petroleum OXY | $65.0B | β1.9% | β | 19.0% | 4.9% | 9.9x | 4 | |
| EOG Resources EOG | $86.2B | β4.5% | 28.2% | β | 16.2% | 12.7x | 4 | Compare β |
| Devon Energy DVN | $48.3B | 7.8% | β | 18.2% | 13.0% | 12.2x | 5 | Compare β |
| Diamondback Energy FANG | $57.9B | 35.8% | 8.4% | β | 1.9% | 39.1x | 4 | Compare β |
| Woodside Energy WDS | $45.3B | β1.5% | 30.0% | β | 7.1% | β | 4 | 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $10.1B | $12.5B | $17.8B | $20.9B | $17.8B | $26.0B | $36.6B | $23.2B | $22.0B | $21.6B |
| Gross profit | β | $9.6B | $15.0B | $18.1B | $15.4B | $23.2B | $33.4B | $20.0B | $18.9B | β |
| Interest expense | $292M | $345M | $389M | $1.1B | $1.4B | $1.6B | $1.0B | $957M | $1.2B | $1.1B |
| Pretax income | β$1.7B | $1.3B | $5.6B | $354M | β$15.7B | $3.7B | $14.1B | $4.7B | $4.0B | $3.1B |
| Income tax | β$662M | $17.0M | $1.5B | $861M | β$2.2B | $915M | $813M | $1.3B | $1.2B | $1.0B |
| Net income | β$574M | $1.3B | $4.1B | β$985M | β$14.8B | $2.3B | $13.3B | $4.7B | $3.1B | $2.4B |
| Diluted EPS | β$0.75 | $1.70 | $5.39 | β$1.22 | β$17.06 | $1.58 | $12.40 | $3.90 | $2.44 | $1.61 |
| Diluted shares | 0.76B | 0.77B | 0.76B | 0.81B | 0.92B | 0.96B | 1.00B | 0.96B | 0.97B | 1.00B |
| Cash flow | ||||||||||
| Cash from operations | $3.4B | $4.9B | $7.7B | $7.4B | $4.0B | $10.4B | $16.8B | $12.3B | $11.4B | $10.5B |
| Capital expenditure | $2.7B | $3.6B | $5.0B | $6.4B | $2.5B | $2.9B | $4.5B | $5.7B | $6.3B | $6.4B |
| Free cash flow | $667M | $1.3B | $2.7B | $1.0B | $1.4B | $7.6B | $12.3B | $6.6B | $5.2B | $4.1B |
| Depreciation and amortization | $4.3B | $4.0B | $4.0B | $6.1B | $8.1B | $8.4B | $6.9B | $6.4B | $7.0B | $7.5B |
| Stock-based compensation | $121M | $150M | $180M | $208M | $202M | $287M | $258M | $203M | $213M | $234M |
| Acquisitions | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $22.0M | $25.0M | $1.2B | $237M | $12.0M | $8.0M | $3.1B | $1.8B | $27.0M | $0.0M |
| Dividends paid | $2.3B | $2.3B | $2.4B | $2.6B | $1.8B | $839M | $1.2B | $1.4B | $1.4B | $1.6B |
| Dividends and buybacks | $2.3B | $2.4B | $3.6B | $2.9B | $1.9B | $847M | $4.3B | $3.2B | $1.5B | $1.6B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $2.2B | $1.7B | $3.0B | $3.0B | $2.0B | $2.8B | $984M | $1.4B | $2.1B | $2.0B |
| Total debt | β | $9.8B | $10.3B | $38.6B | $35.8B | $29.0B | $19.1B | $19.0B | $25.3B | $21.4B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $398M | $358M | $589M | $689M | $737M | $793M | $999M |
| Current assets | $8.4B | $8.3B | $9.9B | $14.6B | $8.8B | $10.2B | $8.9B | $8.4B | $9.1B | $8.8B |
| Current liabilities | $6.4B | $7.4B | $7.4B | $12.7B | $8.2B | $8.3B | $7.8B | $9.1B | $9.5B | $9.4B |
| Inventory | $866M | $1.2B | $1.3B | $1.6B | $1.9B | $1.8B | $2.1B | $2.0B | $1.8B | $1.8B |
| Property and equipment, net | $32.3B | $31.2B | $31.4B | $80.5B | $65.9B | $59.9B | $58.4B | $55.5B | $65.9B | $63.6B |
| Total assets | $43.1B | $42.0B | $42.2B | $107.2B | $80.1B | $75.0B | $72.6B | $74.0B | $85.4B | $84.2B |
| Total liabilities | $21.6B | $21.5B | $22.5B | $73.0B | $61.5B | $54.7B | $42.5B | $43.7B | $51.0B | $47.6B |
| Shareholders' equity | $21.5B | $20.6B | $21.3B | $34.2B | $18.6B | $20.3B | $30.1B | $30.3B | $34.5B | $36.6B |
| Margins | ||||||||||
| Gross margin | β | 76.5% | 84.1% | 86.7% | 86.5% | 89.3% | 91.1% | 86.5% | 85.8% | β |
| EBITDA margin | 28.7% | 45.4% | 56.0% | 36.2% | β34.7% | 53.0% | 60.3% | 52.1% | 55.2% | 54.4% |
| Net margin | β5.7% | 10.5% | 23.2% | β4.7% | β83.3% | 9.0% | 36.3% | 20.3% | 14.0% | 11.0% |
| FCF margin | 6.6% | 10.1% | 15.1% | 4.8% | 8.0% | 29.1% | 33.6% | 28.6% | 23.5% | 19.0% |
| Returns | ||||||||||
| Return on capital | β | β | 15.4% | 1.4% | β18.4% | 8.0% | 29.7% | 8.2% | 6.9% | 4.9% |
| Return on capital employed | β3.7% | 4.7% | 17.3% | 2.2% | β17.2% | 7.7% | 23.0% | 8.7% | 7.4% | 5.6% |
| Return on equity | β2.5% | 6.2% | 19.7% | β3.6% | β56.2% | 11.9% | 52.8% | 15.5% | 9.5% | 6.7% |
| Return on assets | β1.3% | 3.1% | 9.8% | β1.3% | β15.8% | 3.0% | 18.0% | 6.4% | 3.9% | 2.8% |
| Growth | ||||||||||
| Revenue growth | β19.2% | 24.0% | 42.5% | 17.3% | β14.8% | 45.8% | 41.1% | β36.8% | β4.9% | β1.9% |
| Net income growth | β | β | 215.1% | β123.8% | β | β | 473.0% | β64.7% | β34.5% | β23.0% |
| EPS growth | β | β | 217.1% | β122.6% | β | β | 684.8% | β68.6% | β37.4% | β34.0% |
| FCF growth | β | 89.2% | 113.5% | β62.6% | 40.9% | 432.7% | 62.8% | β46.3% | β21.7% | β20.7% |
| Share count change | β0.2% | 0.3% | β0.3% | 6.1% | 13.5% | 4.4% | 4.5% | β4.1% | 0.7% | 3.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | 1.4x | 0.7x | 4.7x | β | 2.0x | 0.9x | 1.5x | 2.0x | 1.7x |
| Debt / equity | β | 0.5x | 0.5x | 1.1x | 2.0x | 1.5x | 0.7x | 0.7x | 0.8x | 0.6x |
| Interest coverage | β4.7x | 4.9x | 15.4x | 1.3x | β10.0x | 3.3x | 14.7x | 5.9x | 4.4x | 3.9x |
| Current ratio | 1.3x | 1.1x | 1.3x | 1.2x | 1.1x | 1.2x | 1.2x | 0.9x | 1.0x | 0.9x |
| Quick ratio | 1.2x | 1.0x | 1.2x | 1.0x | 0.8x | 1.0x | 0.9x | 0.7x | 0.8x | 0.7x |
| Capital allocation | ||||||||||
| Capex / revenue | 26.9% | 28.8% | 27.9% | 30.5% | 14.2% | 11.1% | 12.3% | 24.6% | 28.4% | 29.8% |
| Stock comp / revenue | 1.2% | 1.2% | 1.0% | 1.0% | 1.1% | 1.1% | 0.7% | 0.9% | 1.0% | 1.1% |
| Payouts / FCF | 349.5% | 187.9% | 134.5% | 283.8% | 130.8% | 11.2% | 34.8% | 47.8% | 28.5% | 38.8% |
| Quality scores | ||||||||||
| Piotroski F-score | β | β | 8.0 | 4.0 | 3.0 | 8.0 | 7.0 | 5.0 | 4.0 | 4.0 |
| Altman Z'' | 2.9 | 3.1 | 4.2 | 1.3 | β0.7 | 1.2 | 3.0 | 2.0 | 1.9 | 1.9 |
| Accruals ratio | β9.2% | β8.3% | β8.4% | β11.2% | β20.1% | β10.5% | β4.8% | β10.4% | β10.5% | β9.6% |
Source: SEC EDGAR XBRL filings (CIK 0000797468). 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.