$59.49

-1.57 (-2.57%)

Weekly Expected Move ±3.5%

$57 $59 $61 $63 $65

NYSE · Real Estate · REIT - Residential · Tech Score Buy · Power 61 · $11.5B mcap · 192M float · 0.879% daily turnover · Short 49% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$1.5B +6.8% ▲

5Y CAGR: +6.7%

Gross Profit

$576M -18.6% ▼

5Y CAGR: +0.2%

Operating Income

$518M +24.5% ▲

Net Income

$387M +5.3% ▲

5Y CAGR: +11.1%

EPS (Diluted)

$1.93 -1.5% ▼

5Y CAGR: +40.7%

EBITDA

$608M -16.9% ▼

5Y CAGR: +4.1%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.3B	$1.4B	$1.4B	$1.4B	$1.5B
YoY Growth	+13.3%	+9.6%	+2.1%	+2.1%	+6.8%
Cost of Revenue	$658M	$730M	$732M	$725M	$955M
Gross Profit	$596M	$645M	$673M	$708M	$576M
Gross Margin	47.5%	46.9%	47.9%	49.4%	37.6%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$82M	$92M	$96M	$88M	$54M
Operating Expenses	$270M	$295M	$299M	$292M	$58M
Operating Income	$326M	$350M	$373M	$416M	$518M
Operating Margin	26.0%	25.4%	26.6%	29.0%	33.8%
Interest Expense	$109M	$117M	$132M	$138M	$134M
Income Before Tax	$276M	$299M	$319M	$384M	$399M
Tax Expense	$0	$0	-$10M	-$354K	-$3M
Net Income	$262M	$285M	$314M	$367M	$387M
Net Margin	20.9%	20.7%	22.4%	25.6%	25.2%
EPS (Diluted)	$1.43	$1.53	$1.69	$1.96	$1.93
EBITDA	$576M	$622M	$661M	$732M	$608M
Shares Outstanding	183M	195M	195M	197M	200M

Line Item	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3
Revenue	$342M	$368M	$373M	$373M	$418M	$398M	$398M	$410M
Cost of Revenue	$163M	$174M	$187M	$192M	$402M	$289M	$17M	$314M
Gross Profit	$179M	$193M	$186M	$182M	$16M	$109M	$381M	$96M
Gross Margin	52.3%	52.6%	49.8%	48.7%	3.7%	27.4%	95.8%	23.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$19M	$19M	$22M	$20M	-$7M	$15M	$16M	$14M
Operating Expenses	$70M	$70M	$74M	$72M	-$158M	-$37M	$243M	-$39M
Operating Income	$109M	$123M	$112M	$109M	$174M	$146M	$138M	$136M
Operating Margin	32.0%	33.4%	29.9%	29.3%	41.7%	36.7%	34.6%	33.1%
Interest Expense	$32M	$31M	$32M	$63M	$7M	$34M	$34M	$35M
Income Before Tax	$100M	$114M	$83M	$100M	$101M	$111M	$99M	$101M
Tax Expense	-$115K	$0	$0	$0	-$3M	$0	-$161K	$12M
Net Income	$96M	$109M	$80M	$97M	$100M	$108M	$96M	$86M
Net Margin	28.1%	29.7%	21.4%	26.0%	24.0%	27.1%	24.2%	21.1%
EPS (Diluted)	$0.50	$0.57	$0.42	$0.50	$0.44	$0.54	$0.48	$0.43
EBITDA	$184M	$198M	$170M	$188M	$53M	$198M	$188M	$191M
Shares Outstanding	200M	200M	200M	200M	200M	200M	200M	200M

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