Also trades as: 0R2P.L (LSE) · $vol 2M · DEER.TO (TSX) · $vol 0M · DCO.DE (XETRA) · $vol 0M

$639.58

-1.67 (-0.26%)

Weekly Expected Move ±4.3%

$591 $618 $646 $674 $702

NYSE · Industrials · Agricultural - Machinery · Tech Score Sell · Power 45 · $172.4B mcap · 269M float · 0.452% daily turnover · Short 57% of daily vol

Credit Risk of going bust: not rated, its lending arm's loans make the debt figures misleading Bonds: $395.9M held by 270 funds, 34 bp over Treasuries → details ▾

Not rated: its lending arm (car, truck or equipment loans) carries most of the debt, which the model would misread.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$44.7B -11.6% ▼

5Y CAGR: +5.2%

Gross Profit

$16.3B -16.4% ▼

5Y CAGR: +8.5%

Operating Income

$8.4B -26.3% ▼

5Y CAGR: +14.0%

Net Income

$5.0B -29.2% ▼

5Y CAGR: +12.8%

EPS (Diluted)

$18.50 -27.8% ▼

5Y CAGR: +16.3%

EBITDA

$11.7B -20.6% ▼

5Y CAGR: +10.0%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$43.0B	$51.3B	$60.2B	$50.5B	$44.7B
YoY Growth	+23.9%	+19.2%	+17.5%	-16.1%	-11.6%
Cost of Revenue	$29.3B	$35.6B	$37.9B	$31.0B	$28.4B
Gross Profit	$13.7B	$15.7B	$22.3B	$19.5B	$16.3B
Gross Margin	31.9%	30.7%	37.0%	38.6%	36.5%
R&D Expenses	$1.6B	$1.9B	$2.2B	$2.3B	$2.3B
SG&A Expenses	$3.2B	$3.6B	$4.3B	$4.5B	$4.2B
Operating Expenses	$6.1B	$6.7B	$7.7B	$8.1B	$7.9B
Operating Income	$7.7B	$9.0B	$14.6B	$11.4B	$8.4B
Operating Margin	17.8%	17.6%	24.2%	22.6%	18.8%
Interest Expense	$993M	$1.1B	$2.5B	$3.3B	$3.2B
Income Before Tax	$7.6B	$9.1B	$13.0B	$9.2B	$6.3B
Tax Expense	$1.7B	$2.0B	$2.9B	$2.1B	$1.3B
Net Income	$6.0B	$7.1B	$10.2B	$7.1B	$5.0B
Net Margin	13.9%	13.9%	16.9%	14.1%	11.3%
EPS (Diluted)	$18.99	$23.28	$34.63	$25.62	$18.50
EBITDA	$10.6B	$12.1B	$17.5B	$14.7B	$11.7B
Shares Outstanding	314M	306M	294M	277M	272M

Line Item	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3
Revenue	$10.8B	$8.3B	$12.5B	$11.8B	$12.1B	$9.6B	$13.4B	$12.6B
Cost of Revenue	$6.8B	$5.0B	$7.6B	$7.6B	$8.2B	$6.3B	$8.3B	$7.9B
Gross Profit	$4.0B	$3.2B	$4.9B	$4.2B	$3.9B	$3.3B	$5.1B	$4.7B
Gross Margin	37.0%	39.0%	39.2%	35.8%	32.6%	34.7%	38.2%	37.0%
R&D Expenses	$626M	$526M	$549M	$556M	$681M	$554M	$583M	$567M
SG&A Expenses	$899M	$972M	$1.2B	$1.2B	$854M	$972M	$1.2B	$1.2B
Operating Expenses	$1.9B	$1.7B	$2.0B	$2.1B	$2.0B	$1.8B	$2.1B	$2.1B
Operating Income	$2.1B	$1.5B	$2.9B	$2.2B	$1.9B	$1.6B	$3.0B	$2.6B
Operating Margin	19.8%	17.9%	23.0%	18.3%	15.7%	16.2%	22.5%	20.6%
Interest Expense	$870M	$829M	$784M	$794M	$762M	$719M	$712M	$710M
Income Before Tax	$1.5B	$894M	$2.3B	$1.6B	$1.4B	$851M	$2.3B	$1.9B
Tax Expense	$249M	$27M	$539M	$339M	$365M	$196M	$518M	$529M
Net Income	$1.2B	$869M	$1.8B	$1.3B	$1.1B	$656M	$1.8B	$1.4B
Net Margin	11.5%	10.5%	14.4%	10.9%	8.8%	6.8%	13.3%	10.9%
EPS (Diluted)	$4.55	$3.19	$6.64	$4.75	$3.93	$2.42	$6.55	$5.10
EBITDA	$2.9B	$2.3B	$3.7B	$3.0B	$2.7B	$2.2B	$3.6B	$3.2B
Shares Outstanding	274M	272M	272M	271M	271M	271M	271M	271M

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