ExlService Holdings Inc

EXLSTechnology·Information Technology Services·USA·Mid·NASD·Nov 13 • 7:13 AM ET

43.00-0.10 (-0.23%)

2026-11-13 13:37 CET

Market cap

$6.48B

Revenue, TTM

2,341.69 USD m

Net income, TTM

260.61 USD m

Free cash flow, TTM

271.19 USD m

EPS diluted, TTM

1.68

Price / earnings

25.62

Compare

Price

EXLS against its 20, 50 and 200-day averages

Terms2050200BeatMiss

Patternshover a marker to name it

3.1% under the 52-week high of 44.36 on 12 Nov 2026. 52-week low 24.85 on 30 Jun 2026. Last 15 sessions, 13.2% high to low

Volume 0.00× normal · the line is the 50-bar volume average

Setup. RS line 40
CANSLIM 4 of 6 — fails: EPS Growth This Year: High (>25%); Performance: Year +50%
VCP 5 of 6 — fails: RSI (14): Not Overbought (<60)
Minervini 3 of 4 — fails: Performance: Year +50%
Zanger 3 of 5 — fails: Performance: Week +10%; Relative Volume: Over 1.5
Leaders 4 of 5 — fails: Performance: Year +50%
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 2 of 4 — fails: EPS Growth This Year: High (>25%); EPS Growth Next Year: High (>25%)
Quality 2 of 5 — fails: Net Profit Margin: High (>20%); Debt/Equity: Low (<0.1); P/E: Under 25
Value 1 of 4 — fails: P/E: Under 15; P/B: Under 2; Debt/Equity: Low (<0.1)
Income 1 of 4 — fails: Dividend Growth: Growing 2+ Years; P/E: Under 25 — not on the tape: Dividend Yield: Over 2%
Small Cap 2 of 4 — fails: Float: Under 100M; Performance: Year +50%
Accumulation 3 of 4 — fails: Institutional Transactions: Over +10%
Relative Strength 2 of 3 — fails: Performance: Year +100%

Profile

EXLS

52-week range, 93% of the way up

24.8544.36

ExlService Holdings, Inc. is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies. The Healthcare segment offers services related to care management or population health, payment integrity, revenue optimization, and customer engagement. The Travel, Transportation, and Logistics segment includes business processes in corporate and leisure travel such as reservations, customer service, fulfillment, and finance and accounting. The Finance and Accounting segment is comprised of procure-to-pay, order-to-cash, hire-to-retire, record-to-report, regulatory reporting, financial planning and analysis, audit and assurance, treasury, and tax processes. The Analytics segment consists of driving improved business outcomes for customers by generating data-driven insights. The All-Other segment is involved in banking, financial, utilities, and consulting services. The company was founded by Vikram Talwar and Rohit Kapoor in April 1999 and is headquartered in New York, NY.

Index	RUI
Employees	65000
IPO	Oct 20, 2006
Beta	0.84
ATR, 14d	1.14
Rel volume	0.00
Short float	6.27%
Insider own	3.29%
Inst own	109.65%

Snapshot

6 groups

Valuation

Index	RUI
Market Cap	$6.48B
Enterprise Value	6.75B
Income	260.61M
Sales	2.34B
Book / share	6.15
Cash / share	2.30
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	0.00%
Employees	65000
IPO	Oct 20, 2006

Ratios

Price / earnings	25.62
Forward price / earnings	16.17
Price / earnings / growth	1.01
Price / sales	2.77
Price / book	7.00
Price / cash	18.71
Price / free cash flow	23.91
Value / cash profit	15.61
Value / sales	2.88
Quick Ratio	2.14
Current Ratio	2.14
Debt / equity	0.66
Long-term debt / equity	0.63
Options and short	Yes / Yes

Earnings

Earnings / share	1.68
Earnings next year	2.66
Earnings next quarter	0.58
Earnings this year	20.94%
Earnings next year	12.76%
Earnings growth, 5 years	16.01%
Past earnings growth	22.27% 24.43%
Past sales growth	13.92% 16.85%
Earnings vs last year	13.07%
Sales vs last year	15.55%
Earnings vs last quarter	25.33%
Sales vs last quarter	19.71%
Earnings	Oct 27 AMC
Surprise	11.11% 3.00%

Ownership

Insiders own	3.29%
Insider trades	-1.53%
Institutions own	109.65%
Institution trades	7.11%
Return on assets	13.69%
Return on equity	27.72%
Return on capital	17.22%
Gross Margin	34.98%
Operating margin	13.97%
Profit Margin	11.13%
20-day average	1.77%
50-day average	11.84%
200-day average	31.20%

Technical

Shares out	151.03M
Shares floating	145.83M
Short / float	6.27%
Short ratio	4.18
Short interest	9.14M
52-week high	44.36 -3.1%
52-week low	24.85 +73.0%
Volatility	2.85% 2.95%
Average range	1.14
Strength index	62.19
Market sensitivity	0.84
Relative volume	0.00
Avg Volume	2.19M
Volume	74

Performance

Perf Week	-0.35%
Perf Month	9.97%
Perf Quarter	24.42%
Perf Half Y	56.48%
Perf YTD	1.32%
Perf Year	7.85%
Perf 3Y	60.63%
Perf 5Y	57.74%
Perf 10Y	381.20%
Recommendation	1.20
Target Price	48.62
Prev Close	43.10
Price	43.00
Change %	-0.23%

Analyst ratings

latest 10 of 20

Date	Action	Analyst	Rating change	Target	Implied
Jul 30, 2026	Upgrade	Robert W. Baird	Neutral → Outperform	$45	+4.7%
Sep 09, 2024	Upgrade	Jefferies	Hold → Buy	$35 → $42	-2.3%
May 08, 2024	Upgrade	Wedbush	Neutral → Outperform	$34 → $40	-7.0%
Jan 17, 2024	Upgrade	Citigroup	Neutral → Buy	$29 → $36	-16.3%
Sep 19, 2023	Initiated	Jefferies	Hold	$33	-23.3%
Mar 15, 2023	Upgrade	Citigroup	Sell → Neutral	$160	+272.1%
Jul 29, 2022	Upgrade	Needham	Hold → Buy	$190	+341.9%
Jul 20, 2022	Downgrade	Citigroup	Neutral → Sell	$150 → $134	+211.6%
Mar 01, 2022	Upgrade	BofA Securities	Neutral → Buy	$132 → $143	+232.6%
Feb 28, 2022	Upgrade	Cowen	Market Perform → Outperform	$135 → $145	+237.2%

Date

Action

Analyst

Rating change

Target

Implied

Jul 30, 2026

Upgrade

Robert W. Baird

Neutral → Outperform

$45

+4.7%

Sep 09, 2024

Upgrade

Jefferies

Hold → Buy

$35 → $42

-2.3%

May 08, 2024

Upgrade

Wedbush

Neutral → Outperform

$34 → $40

-7.0%

Jan 17, 2024

Upgrade

Citigroup

Neutral → Buy

$29 → $36

-16.3%

Sep 19, 2023

Initiated

Jefferies

Hold

$33

-23.3%

Mar 15, 2023

Upgrade

Citigroup

Sell → Neutral

$160

+272.1%

Jul 29, 2022

Upgrade

Needham

Hold → Buy

$190

+341.9%

Jul 20, 2022

Downgrade

Citigroup

Neutral → Sell

$150 → $134

+211.6%

Mar 01, 2022

Upgrade

BofA Securities

Neutral → Buy

$132 → $143

+232.6%

Feb 28, 2022

Upgrade

Cowen

Market Perform → Outperform

$135 → $145

+237.2%

Peers

Mkt cap

Ticker	Company	Mkt cap
G	Genpact Ltd	7.21B
CTSH	Cognizant Technology Solutions Corp	28.21B
WIT	Wipro Ltd ADR	20.97B
EPAM	EPAM Systems Inc	8.35B
INFY	Infosys Ltd ADR	49.51B
ACN	Accenture plc	147.46B
GLOB	Globant SA	1.98B
CNXC	Concentrix Corp	2.04B
DXC	DXC Technology Co	2.31B
CNDT	Conduent Inc	193.05M

Ticker

Company

Mkt cap

Genpact Ltd

7.21B

CTSH

Cognizant Technology Solutions Corp

28.21B

WIT

Wipro Ltd ADR

20.97B

EPAM

EPAM Systems Inc

8.35B

INFY

Infosys Ltd ADR

49.51B

ACN

Accenture plc

147.46B

GLOB

Globant SA

1.98B

CNXC

Concentrix Corp

2.04B

DXC

DXC Technology Co

2.31B

CNDT

Conduent Inc

193.05M

Insider trading

latest 14 of 59

Insider	Relationship	Date	Transaction	Cost	Shares	Value	Total held	Form
Rohit Kapoor	CEO	Nov 12 '26	Proposed Sale	43.24	100,000	4,324,082		Nov 12 04:20 PM
Bhalla Vikas	Officer	Nov 12 '26	Proposed Sale	44.02	10,573	465,423		Nov 12 10:50 AM
AYYAPPAN AJAY	Officer	Nov 12 '26	Proposed Sale	44.00	5,100	224,400		Nov 12 10:36 AM
Bhalla Vikas	President of EXL	Nov 02 '26	Sale	41.22	11,000	453,420	98,295	Nov 03 01:16 PM
Bhalla Vikas	Officer	Nov 02 '26	Proposed Sale	41.22	11,000	453,420		Nov 02 11:09 AM
Bhalla Vikas	President of EXL	Oct 01 '26	Sale	35.38	11,000	389,180	109,295	Oct 02 04:01 PM
Bhalla Vikas	Officer	Oct 01 '26	Proposed Sale	35.38	11,000	389,180		Oct 01 12:09 PM
Bhalla Vikas	President of EXL	Sep 01 '26	Sale	38.17	10,000	381,700	120,295	Sep 03 04:01 PM
Bhalla Vikas	Officer	Sep 01 '26	Proposed Sale	38.17	10,000	381,700		Sep 01 01:21 PM
Chhibbar Vishal	Executive Vice President	Aug 11 '26	Sale	35.10	5,000	175,500	6,452	Aug 13 04:01 PM
Bhalla Vikas	President of EXL	Aug 03 '26	Sale	34.99	11,000	384,890	130,295	Aug 06 08:14 AM
Bhalla Vikas	Officer	Aug 03 '26	Proposed Sale	34.99	11,000	384,890		Aug 03 04:12 PM
Bhalla Vikas	President of EXL	Jul 01 '26	Sale	26.47	12,000	317,640	141,295	Jul 02 04:01 PM
Bhalla Vikas	Officer	Jul 01 '26	Proposed Sale	26.47	12,000	317,640		Jul 01 11:54 AM

Held by

AUM

Ticker	Company	AUM
IJH	iShares Core S&P Mid-Cap ETF	AUM: 125.56B
VTI	Vanguard Morningstar Total Stock Market ETF	AUM: 696.31B
VB	Vanguard Morningstar Small-Cap ETF	AUM: 80.23B
VBK	Vanguard Morningstar Small-Cap Growth ETF	AUM: 22.68B
VXF	Vanguard Extended Market Index ETF	AUM: 30.79B
XMHQ	Invesco S&P MidCap Quality ETF	AUM: 5.85B
DFAS	U.S. Small Cap Portfolio-ETF Class Shares	AUM: 15.64B
MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	AUM: 26.08B
IJK	iShares S&P Mid-Cap 400 Growth ETF	AUM: 10.58B
SPMD	State Street SPDR Portfolio S&P 400TM Mid Cap ETF	AUM: 19.06B

Ticker

Company

AUM

IJH

iShares Core S&P Mid-Cap ETF

AUM: 125.56B

VTI

Vanguard Morningstar Total Stock Market ETF

AUM: 696.31B

Vanguard Morningstar Small-Cap ETF

AUM: 80.23B

VBK

Vanguard Morningstar Small-Cap Growth ETF

AUM: 22.68B

VXF

Vanguard Extended Market Index ETF

AUM: 30.79B

XMHQ

Invesco S&P MidCap Quality ETF

AUM: 5.85B

DFAS

U.S. Small Cap Portfolio-ETF Class Shares

AUM: 15.64B

MDY

State Street SPDR S&P MIDCAP 400 ETF Trust

AUM: 26.08B

IJK

iShares S&P Mid-Cap 400 Growth ETF

AUM: 10.58B

SPMD

State Street SPDR Portfolio S&P 400TM Mid Cap ETF

AUM: 19.06B

News

latest 14 of 200

Nov-05-26 09:00AMEXL acquires data and AI consulting market leader Aimpoint Digital to expand forward-deployed AI capabilities and accelerate enterprise transformation (GlobeNewswire)
Nov-03-26 08:33AMEXL Recognized as a Leader and Star Performer in the Everest Group Customer Experience Management PEAK Matrix Assessment 2026 (GlobeNewswire)
Oct-29-26 11:56AMEXL named an OpenAI Select Partner (GlobeNewswire)
Oct-28-26 02:34PMExlService Holdings: Q3 Earnings Snapshot (Associated Press)
12:43PMEXL's Third Beat-And-Raise Shows Faster Growth, But Margins Are Not Keeping Pace (Earnings Whispers)
Oct-27-26 04:01PMEXL Reports 2026 Third Quarter Results (GlobeNewswire)
Oct-26-26 08:32AMiMerit, an EXL Company, launches iMerit Scholars platform as AI talent war shifts to domain expertise (GlobeNewswire)
Oct-08-26 10:41AMEXL transforms client workflows with the integration of agentic AI into core insurance and healthcare solutions (GlobeNewswire)
Oct-07-26 08:03AMEXL schedules third quarter 2026 financial results conference call (GlobeNewswire)
Sep-30-26 12:13PMEXL's seventh Sustainability Report showcases continued measurable progress across CSR, emissions reductions, renewable energy and responsible AI governance (GlobeNewswire)
Sep-09-26 10:50AMEXL unveils 'Go Beyond.' brand launch reflecting a 27-year track record of breakthrough transformation for clients (GlobeNewswire)
Sep-02-26 09:15AMEXL announces Departure of Vivek Jetley, President and Head of Insurance, Healthcare and Life Sciences (GlobeNewswire)
Aug-20-26 08:32AMEXL earns dual Leader recognition in ISG's 2026 Healthcare AI Report, cited for moving AI from pilots to enterprise scale (GlobeNewswire)
Aug-18-26 04:01PMEXL closes new $1 billion senior secured credit facility (GlobeNewswire)

Key figures

Revenue, TTM	2,341.69
Net income, TTM	260.61
EPS diluted, TTM	1.68
EBIT, TTM	327.19
Free cash flow, TTM	271.19
Gross margin	34.98%
Operating margin	13.97%
Net margin	11.13%
Market cap, statement	6,499.01
Price / earnings	25.62
Sales Y/Y, TTM	15.55%

Statement money is USD millions. A margin is a percent. EPS is per share. P/E and sales growth are the snapshot.

Quarterly earnings

2026Q3 EPS 0.620 beat 0.558, from 0.480 a year earlier. Sales 633.96 beat 615.51, from 529.59 a year earlier

EPS

Sales, USD millions

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

Period	Reported	EPS adjusted	EPS est	EPS reported	Sales act, USD m	Sales est, USD m	Surprise	Year-ago quarter	Analysts	Next session
2026Q3ended 2026-09-30	2026-10-27 16:30	0.620	0.558	0.450	633.96	615.51	EPS +11.1% · sales +3.0%	vs 2025Q3, year-ago quarter · EPS +29.2% · sales +19.7%	8	Open -1.37% vs SPY +0.23%. Close -0.51% vs SPY +0.34%
2026Q2ended 2026-06-30	2026-07-28 16:30	0.590	0.548	0.422	594.76	573.94	EPS +7.8% · sales +3.6%	vs 2025Q2, year-ago quarter · EPS +20.4% · sales +15.6%	8	Open +2.36% vs SPY -0.12%. Close +17.88% vs SPY -1.54%
2026Q1ended 2026-03-31	2026-04-28 16:30	0.580	0.535	0.428	570.35	557.67	EPS +8.4% · sales +2.3%	vs 2025Q1, year-ago quarter · EPS +20.8% · sales +13.8%	8	Open +7.72% vs SPY -0.10%. Close +1.80% vs SPY -0.02%
2025Q4ended 2025-12-31	2026-02-24 16:30	0.500	0.465	0.378	542.62	531.21	EPS +7.5% · sales +2.1%	vs 2024Q4, year-ago quarter · EPS +13.6% · sales +12.7%	8	Open +0.28% vs SPY +0.41%. Close -0.28% vs SPY +0.84%
2025Q3ended 2025-09-30	2025-10-28 16:30	0.480	0.465	0.360	529.59	522.55	EPS +3.2% · sales +1.3%	vs 2024Q3, year-ago quarter · EPS +9.1% · sales +12.2%	8	Open -5.02% vs SPY +0.24%. Close -7.07% vs SPY +0.05%
2025Q2ended 2025-06-30	2025-07-29 16:30	0.490	0.453	0.402	514.46	505.92	EPS +8.3% · sales +1.7%	vs 2024Q2, year-ago quarter · EPS +22.5% · sales +14.7%	8	Open +6.35% vs SPY +0.10%. Close +1.40% vs SPY -0.13%
2025Q1ended 2025-03-31	2025-04-29 16:30	0.480	0.441	0.405	501.02	490.32	EPS +8.8% · sales +2.2%	vs 2024Q1, year-ago quarter · EPS +26.3% · sales +14.8%	8	Open -0.13% vs SPY -1.22%. Close +7.78% vs SPY +0.04%
2024Q4ended 2024-12-31	2025-02-25 16:30	0.440	0.415	0.310	481.43	475.78	EPS +6.1% · sales +1.2%	vs 2023Q4, year-ago quarter · EPS +25.7% · sales +16.3%	8	Open -0.99% vs SPY +0.28%. Close -0.14% vs SPY +0.05%
2024Q3ended 2024-09-30	2024-10-29 16:30	0.440	0.410	0.328	472.07	460.73	EPS +7.3% · sales +2.5%	vs 2023Q3, year-ago quarter · EPS +18.9% · sales +14.9%	9	Open +1.00% vs SPY -0.08%. Close +6.74% vs SPY -0.30%
2024Q2ended 2024-06-30	2024-08-01 08:30	0.400	0.387	0.282	448.37	444.61	EPS +3.3% · sales +0.8%	vs 2023Q2, year-ago quarter · EPS +9.9% · sales +10.7%	10	Open -3.01% vs SPY +0.32%. Close -7.32% vs SPY -1.42%
2024Q1ended 2024-03-31	2024-05-02 08:30	0.380	0.364	0.293	436.51	425.68	EPS +4.4% · sales +2.5%	vs 2023Q1, year-ago quarter · EPS +9.2% · sales +9.0%	9	Open -0.07% vs SPY +0.76%. Close +3.30% vs SPY +0.94%
2023Q4ended 2023-12-31	2024-02-29 08:30	0.350	0.337	0.241	414.06	409.38	EPS +3.8% · sales +1.1%	vs 2022Q4, year-ago quarter · EPS +12.2% · sales +10.5%	10	Open +1.37% vs SPY +0.36%. Close +4.22% vs SPY +0.36%
2023Q3ended 2023-09-30	2023-10-26 08:30	0.370	0.342	0.262	410.97	405.83	EPS +8.3% · sales +1.3%	vs 2022Q3, year-ago quarter · EPS +20.1% · sales +13.7%	10 EPS · 9 sales	-
2023Q2ended 2023-06-30	2023-07-27 08:30	0.364	0.336	0.291	405	399.77	EPS +8.5% · sales +1.3%	vs 2022Q2, year-ago quarter · EPS +21.3% · sales +16.8%	9 EPS · 8 sales	-
2023Q1ended 2023-03-31	2023-04-27 08:30	0.348	0.324	0.303	400.64	377.52	EPS +7.6% · sales +6.1%	vs 2022Q1, year-ago quarter · EPS +22.5% · sales +21.7%	8 EPS · 7 sales	-
2022Q4ended 2022-12-31	2023-02-23 08:30	0.312	0.296	0.188	374.7	360.41	EPS +5.6% · sales +4.0%	vs 2021Q4, year-ago quarter · EPS +28.9% · sales +26.8%	9 EPS · 8 sales	-

Annual earnings

2025FY EPS 1.950 beat 1.915, from 1.650 a year earlier. Sales 2,088 beat 2,078, from 1,838 a year earlier

EPS

Sales, USD millions

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

Period	EPS adjusted	EPS est	EPS reported	Sales act, USD m	Sales est, USD m	P/E, earnings feed
2028FYestimate	-	3.044	-	-	3,056	14.13
2027FYestimate	-	2.659	-	-	2,753	16.17
2026FYestimate	-	2.358	-	-	2,438	18.23
2025FY	1.950	1.915	1.540	2,088	2,078	21.76
2024FY	1.650	1.630	1.207	1,838	1,833	26.90
2023FY	1.430	1.419	1.098	1,631	1,626	21.57
2022FY	1.204	1.187	0.845	1,412	1,399	28.15
2021FY	0.966	0.958	0.670	1,122	1,118	29.97
2020FY	0.706	0.691	0.518	958.43	955.77	24.12
2019FY	0.618	0.605	0.390	991.35	986.37	22.48
2018FY	0.554	0.550	0.324	883.11	882.09	19.00
2017FY	0.530	0.526	0.279	762.31	758.87	22.77
2016FY	0.466	0.466	0.357	685.99	684.67	21.65
2015FY	0.406	0.399	0.302	628.49	625.43	105.91
2014FY	0.364	0.357	0.192	499.28	497.16	118.13
2013FY	0.360	0.347	0.284	478.45	474.99	119.44
2012FY	0.316	0.311	0.252	442.93	442.63	136.08
2011FY	0.278	0.267	0.220	360.54	355.36	154.68
2010FY	0.216	0.154	0.176	252.75	246.95	199.07

Quarterly results

2026Q3 revenue 633.96, from 529.59 a year earlier. Operating margin 12.6%, from 14.2% a year earlier

Revenue, USD millions

Operating margin

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY E 2.36 per share.

Period	Type	Scale	Date	Mean	vs prior date
2026FY	E	per share	2026-11-11	2.36	+0.0%
2026Q4	E	per share	2026-11-11	0.58	+0.1%
2026FY	S	USD millions	2026-11-11	2,438	+0.0%
2026Q4	S	-	2026-11-11	637.73	+0.0%
2026FY	R	per share	2026-10-28	1.73	+1.9%
2026Q4	R	per share	2026-10-28	0.43	-0.3%
2026Q3	E	per share	2026-10-12	0.56	0.0%
2026Q3	R	per share	2026-10-12	0.42	0.0%
2026Q3	S	-	2026-10-12	615.51	+0.0%
2026Q2	R	per share	2026-07-15	0.43	0.0%
2026Q2	S	-	2026-07-15	573.94	0.0%
2026Q2	E	per share	2026-07-13	0.55	0.0%
2026Q1	S	-	2026-04-20	557.67	0.0%
2026Q1	R	per share	2026-04-16	0.42	+0.4%
2026Q1	E	per share	2026-04-03	0.54	0.0%
2025Q4	S	-	2026-02-11	531.21	0.0%
2025FY	E	per share	2026-01-30	1.92	-0.1%
2025Q4	E	per share	2026-01-12	0.47	0.0%
2025FY	R	per share	2026-01-12	1.52	0.0%
2025Q4	R	per share	2026-01-12	0.35	0.0%
2025FY	S	USD millions	2026-01-07	2,078	0.0%
2025Q3	S	-	2025-10-22	522.55	+0.0%
2025Q3	E	per share	2025-10-13	0.47	0.0%
2025Q3	R	per share	2025-10-13	0.35	0.0%
2025Q2	S	-	2025-07-28	505.92	0.0%
2025Q2	E	per share	2025-07-14	0.45	0.0%
2025Q2	R	per share	2025-07-14	0.33	0.0%
2025Q1	S	-	2025-04-28	490.32	0.0%
2025Q1	E	per share	2025-04-08	0.44	0.0%
2025Q1	R	per share	2025-04-08	0.34	-0.3%
2024Q4	S	-	2025-01-30	475.78	+0.0%
2024FY	S	USD millions	2025-01-20	1,833	+0.0%
2024FY	E	per share	2025-01-17	1.63	-0.1%
2024Q4	E	per share	2025-01-13	0.41	0.0%
2024FY	R	per share	2025-01-13	1.21	0.0%
2024Q4	R	per share	2025-01-13	0.30	0.0%
2024Q3	E	per share	2024-10-29	0.41	0.0%
2024Q3	S	-	2024-10-17	460.73	0.0%
2024Q3	R	per share	2024-10-15	0.31	0.0%
2024Q2	E	per share	2024-07-28	0.39	0.0%
2024Q2	R	per share	2024-07-16	0.29	0.0%
2024Q2	S	-	2024-07-16	444.61	0.0%
2024Q1	E	per share	2024-04-26	0.36	+0.1%
2024Q1	S	-	2024-04-26	425.68	0.0%
2024Q1	R	per share	2024-04-16	0.28	-0.3%
2023FY	E	per share	2024-02-26	1.42	0.0%
2023FY	R	per share	2024-02-01	1.10	+0.0%
2023FY	S	USD millions	2024-02-01	1,626	0.0%

Estimate history

Annual
Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM	MRQ
EPS per share	0.279	0.324	0.39	0.518	0.67	0.845	1.098	1.207	1.545	1.6781	-
Sales USD millions	762	883	991	958	1,122	1,412	1,631	1,838	2,088	2,342	-
Shares million shares	169	171	171	168	166	166	165	162	156	-	151

Quarterly
Metric	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
EPS per share	0.328	0.31	0.405	0.402	0.36	0.378	0.428	0.422	0.451
Sales USD millions	472	481	501	514	530	543	570	595	634
Shares million shares	161	162	163	162	159	156	153	152	151

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric	TTM	2025FY12/31/2025	2024FY12/31/2024	2023FY12/31/2023	2022FY12/31/2022	2021FY12/31/2021	2020FY12/31/2020	2019FY12/31/2019	2018FY12/31/2018
Total Revenue	2,341.69	2,087.68+13.6%	1,838.37+12.7%	1,630.67+15.5%	1,412.04+25.8%	1,122.29+17.1%	958.43-3.3%	991.35+12.3%	883.11
Cost of Goods Sold Incl. D&A	1,522.51	1,343.17+11.8%	1,201.86+12.5%	1,068.00+12.3%	951.39+27.1%	748.38+10.8%	675.46-5.0%	710.95+11.8%	635.90
Gross Profit	819.18	744.51+17.0%	636.52+13.1%	562.67+22.1%	460.65+23.2%	373.92+32.1%	282.98+0.9%	280.39+13.4%	247.21
Selling, General and Administrative Excl. Other	492.00	428.72+15.2%	372.30+17.1%	318.03+19.1%	267.02+19.5%	223.49+28.6%	173.85-12.7%	199.22+13.3%	175.90
Other Operating Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income	327.19	315.79+19.5%	264.21+8.0%	244.64+26.3%	193.63+28.7%	150.43+37.8%	109.13+34.4%	81.17+13.8%	71.31
Interest Expense	19.62	17.61-11.9%	19.98+43.9%	13.88+68.2%	8.25+9.1%	7.56-32.4%	11.19-17.8%	13.61+88.2%	7.23
Unusual Expense	19.06	13.02+416.7%	2.52+57.5%	1.60-91.1%	17.95+8.7%	16.51	-3.80-170.8%	5.37-80.6%	27.68
Net Income Before Taxes	337.48	315.05+20.5%	261.35+9.8%	237.94+25.2%	190.10+29.7%	146.56+27.1%	115.33+38.8%	83.10+37.7%	60.37
Income Taxes	76.91	63.73+1.3%	62.94+17.6%	53.54+12.6%	47.56+49.3%	31.85+24.3%	25.63+69.0%	15.17+346.2%	3.40
Consolidated Net Income	260.61	251.02+26.6%	198.30+7.4%	184.56+29.1%	142.97+24.6%	114.76+28.3%	89.48+32.2%	67.66+19.3%	56.73
Net Income From Continuing Operations	260.61	251.02+26.6%	198.30+7.4%	184.56+29.1%	142.97+24.6%	114.76+28.3%	89.48+32.2%	67.66+19.3%	56.73
Net Income	260.61	251.02+26.6%	198.30+7.4%	184.56+29.1%	142.97+24.6%	114.76+28.3%	89.48+32.2%	67.66+19.3%	56.73
EPS (Recurring) per share	1.80	1.60+31.1%	1.22+10.9%	1.10+19.6%	0.92+24.3%	0.74+48.0%	0.50+22.0%	0.41-4.7%	0.43
EPS (Basic, Before Extraordinaries) per share	1.69	1.56+27.9%	1.22+9.9%	1.11+29.1%	0.86+26.5%	0.68+30.8%	0.52+33.3%	0.39+18.2%	0.33
EPS (Diluted) per share	1.68	1.54+27.3%	1.21+10.0%	1.10+29.4%	0.85+26.9%	0.67+28.8%	0.52+33.3%	0.39+21.9%	0.32
EBITDA	432.51	406.07+25.2%	324.28+8.6%	298.54+15.9%	257.59+26.0%	204.46+25.7%	162.63+20.1%	135.44+13.0%	119.88
Non-Operating Income (Expense)	48.97	29.89+52.3%	19.63+123.3%	8.79-61.2%	22.68+12.3%	20.20+48.6%	13.59-35.0%	20.90-12.8%	23.97
Other After Tax Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Stock Option Compensation Expense	73.27	54.47-1.1%	55.08+34.0%	41.10+3.8%	39.58+35.5%	29.20+41.7%	20.61+8.3%	19.03+0.8%	18.88
Price To Earnings Ratio ratio statement ratio, not the snapshot	25.68	25.68	38.82	29.56	41.15	43.20	32.85	35.66	32.72
Price To Sales Ratio ratio	2.24	3.30	3.97	3.18	4.06	4.42	3.07	2.43	2.09
Gross Margin %	34.98	35.66	34.62	34.51	32.62	33.32	29.52	28.28	27.99
Operating Margin %	13.97	15.13	14.37	15.00	13.71	13.40	11.39	8.19	8.07
Net Margin %	11.13	12.02	10.79	11.32	10.12	10.23	9.34	6.82	6.42
Shares Outstanding million shares	151.03	156.43-3.3%	161.80-2.1%	165.28-0.5%	166.17-0.2%	166.46-0.8%	167.80-1.8%	170.93-0.1%	171.11
Market Capitalization	6,499.01	6,499.01-9.0%	7,139.94+40.3%	5,087.87-9.1%	5,599.83+16.2%	4,819.61+68.7%	2,856.91+20.3%	2,374.50+31.9%	1,800.79

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric	2026Q39/30/2026	2026Q26/30/2026	2026Q13/31/2026	2025Q412/31/2025	2025Q39/30/2025	2025Q26/30/2025	2025Q13/31/2025	2024Q412/31/2024
Total Revenue	633.96+19.7%	594.76+15.6%	570.35+13.8%	542.62+12.7%	529.59+12.2%	514.46+14.7%	501.02+14.8%	481.43+16.3%
Cost of Goods Sold Incl. D&A	419.67+22.9%	390.45+17.3%	366.41+13.6%	345.99+10.4%	341.54+11.2%	332.97+12.6%	322.68+13.0%	313.40+14.6%
Gross Profit	214.29+14.0%	204.32+12.6%	203.94+14.4%	196.63+17.0%	188.04+14.0%	181.49+18.9%	178.34+18.2%	168.03+19.5%
Selling, General and Administrative Excl. Other	134.53+19.3%	125.02+26.5%	116.85+15.1%	115.59+20.5%	112.75+18.5%	98.86+7.5%	101.51+13.8%	95.95+12.6%
Other Operating Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income	79.76+5.9%	79.30-4.0%	87.09+13.4%	81.04+12.4%	75.29+7.8%	82.63+36.2%	76.83+24.5%	72.08+30.0%
Interest Expense	6.34+28.9%	5.07+18.5%	3.95-4.6%	4.26-16.6%	4.92-14.7%	4.28-23.2%	4.14+17.3%	5.11+50.7%
Unusual Expense	2.89-60.2%	1.25-29.4%	10.46	4.46+471.8%	7.27+2696.2%	1.77-16.1%	-0.48	0.78
Net Income Before Taxes	86.66+16.0%	83.97-0.9%	91.40+14.0%	75.45+6.9%	74.70+9.0%	84.74+41.9%	80.17+28.2%	70.56+25.9%
Income Taxes	17.94+9.0%	19.43+4.7%	24.32+80.1%	15.23-23.3%	16.46+6.5%	18.55+33.7%	13.50-1.8%	19.85+26.0%
Consolidated Net Income	68.77+18.2%	64.51-2.3%	67.08+0.8%	60.25+18.9%	58.16+9.7%	66.05+44.1%	66.56+36.5%	50.67+25.8%
Net Income From Continuing Operations	68.77+18.2%	64.51-2.3%	67.08+0.8%	60.25+18.9%	58.16+9.7%	66.05+44.1%	66.56+36.5%	50.67+25.8%
Net Income	68.77+18.2%	64.51-2.3%	67.08+0.8%	60.25+18.9%	58.16+9.7%	66.05+44.1%	66.56+36.5%	50.67+25.8%
EPS (Recurring) per share	0.46+17.9%	0.43+4.9%	0.47+17.5%	0.40+29.0%	0.39+18.2%	0.41+41.4%	0.40+37.9%	0.31+29.2%
EPS (Basic, Before Extraordinaries) per share	0.45+25.0%	0.42+2.4%	0.43+4.9%	0.38+22.6%	0.36+9.1%	0.41+46.4%	0.41+36.7%	0.31+29.2%
EPS (Diluted) per share	0.45+25.0%	0.42+5.0%	0.43+7.5%	0.38+22.6%	0.36+9.1%	0.40+42.9%	0.40+37.9%	0.31+29.2%
EBITDA	108.61+18.0%	103.15+5.0%	103.08+12.2%	117.68+30.6%	92.04+8.8%	98.20+31.5%	91.90+22.5%	90.10+31.4%
Non-Operating Income (Expense)	16.13+39.1%	10.99+34.8%	18.72+167.4%	3.13-28.5%	11.60+145.8%	8.15+21.3%	7.00+88.2%	4.38+18.7%
Other After Tax Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Stock Option Compensation Expense	19.10+10.1%	18.53+52.1%	20.79+106.3%	14.86+8.4%	17.35+12.7%	12.18-9.6%	10.08-19.3%	13.71-9.1%
Price To Earnings Ratio ratio statement ratio, not the snapshot	25.68	16.50	19.72	28.74	30.48	33.07	38.96	38.82
Price To Sales Ratio ratio	2.24	1.77	2.21	3.24	3.51	3.65	4.08	3.95
Gross Margin %	33.80	34.35	35.76	36.24	35.51	35.28	35.60	34.90
Operating Margin %	12.58	13.33	15.27	14.93	14.22	16.06	15.34	14.97
Net Margin %	10.85	10.85	11.76	11.10	10.98	12.84	13.29	10.53
Shares Outstanding million shares	151.03-4.9%	151.75-6.2%	153.00-6.0%	156.43-3.3%	158.88-1.2%	161.83-0.2%	162.68+0.2%	161.80-2.1%
Market Capitalization	6,499.01-8.6%	3,950.97-44.5%	4,761.89-37.9%	6,735.27-5.7%	7,111.42+15.5%	7,124.37+39.9%	7,662.42+45.3%	7,139.94+40.3%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric	2025FY12/31/2025	2024FY12/31/2024	2023FY12/31/2023	2022FY12/31/2022	2021FY12/31/2021	2020FY12/31/2020	2019FY12/31/2019	2018FY12/31/2018	2017FY12/31/2017
Cash & Short Term Investments	340.76-2.8%	350.55+18.9%	294.90-2.5%	302.59-5.5%	320.05-21.5%	407.51+24.7%	326.86+14.3%	285.98+2.2%	279.89
Short Term Receivables	391.56+8.8%	359.80+9.2%	329.44+19.4%	275.85+28.6%	214.47+29.8%	165.28-11.1%	185.89+3.9%	178.90+24.8%	143.30
Inventories	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	90.56+12.4%	80.56+54.8%	52.04+56.9%	33.17-21.3%	42.15+25.4%	33.61+25.2%	26.84-23.4%	35.06+18.3%	29.63
Total Current Assets	822.88+4.0%	790.91+16.9%	676.37+10.6%	611.62+6.1%	576.66-4.9%	606.39+12.4%	539.59+7.9%	499.94+10.4%	452.82
Net Property, Plant & Equipment	209.23+22.6%	170.62+3.3%	165.23+19.6%	138.18-15.1%	162.70-12.0%	184.79+11.6%	165.54+125.2%	73.51+10.1%	66.76
Total Investments and Advances	16.87-26.3%	22.89+88.9%	12.12-67.8%	37.65+219.1%	11.80-4.8%	12.40+20.0%	10.33-24.3%	13.64+2.5%	13.31
Long-Term Note Receivable	4.82+32.8%	3.63-46.9%	6.83+267.2%	1.86+53.7%	1.21-53.8%	2.62-34.2%	3.98	-	-
Intangible Assets	455.86-3.0%	469.72+3.1%	455.80-3.1%	470.46-3.0%	484.98+18.7%	408.68-3.5%	423.51-4.9%	445.48+75.8%	253.44
Deferred Tax Assets	129.97+24.1%	104.75+26.3%	82.93+48.6%	55.79+160.7%	21.40+176.1%	7.75-34.7%	11.86+79.7%	6.60-28.9%	9.28
Other Assets	62.61+12.0%	55.89+30.9%	42.69+39.7%	30.56+26.5%	24.15-4.2%	25.21-10.9%	28.30+24.3%	22.77-23.8%	29.87
Total Assets	1,702.23+5.2%	1,618.40+12.2%	1,441.97+7.1%	1,346.12+4.9%	1,282.90+2.8%	1,247.86+5.5%	1,183.09+11.4%	1,061.94+28.6%	825.47
Short Term Debt Incl. Current Port. of LT Debt	22.36+2.5%	21.81-72.0%	77.97+72.7%	45.14-83.8%	278.64+531.6%	44.12-32.4%	65.27+201.5%	21.65+104.4%	10.59
Accounts Payable	4.75-19.2%	5.88+16.4%	5.05-35.2%	7.79+13.4%	6.87-1.7%	6.99+6.6%	6.56+16.1%	5.65-4.6%	5.92
Income Tax Payable	-	0.28-76.9%	1.21-58.8%	2.94+226.7%	0.90-74.2%	3.49+144.1%	1.43+41.6%	1.01	0.00
Other Current Liabilities	297.01+13.3%	262.14+8.3%	242.16+9.0%	222.07+6.1%	209.27+25.7%	166.47+6.7%	156.09+23.1%	126.78-0.8%	127.75
Total Current Liabilities	324.12+11.7%	290.12-11.1%	326.40+17.4%	277.95-43.9%	495.69+124.2%	221.08-3.6%	229.35+47.9%	155.09+7.5%	144.25
Long Term Debt	383.42+11.2%	344.80+77.9%	193.79-27.8%	268.51+290.7%	68.73-76.1%	287.12+6.6%	269.27+2.2%	263.56+419.6%	50.72
Provision for Risks Charges	41.63+67.9%	24.80+48.8%	16.67+28.4%	12.98+35.2%	9.60+7.4%	8.94+37.1%	6.52+80.1%	3.62+7.1%	3.38
Deferred Tax Liabilities	4.30+27.6%	3.37+22.1%	2.76-4.2%	2.88+41.9%	2.03+16.0%	1.75-12.9%	2.01+151.2%	0.80-10.1%	0.89
Other Liabilities	36.05+41.6%	25.46+97.1%	12.92-49.6%	25.63+87.2%	13.69+39.7%	9.80+65.0%	5.94-71.1%	20.55-21.5%	26.18
Total Liabilities	789.53+14.7%	688.54+24.6%	552.53-6.0%	587.94-0.3%	589.75+11.6%	528.68+3.0%	513.09+15.7%	443.62+96.8%	225.43
Non-Equity Reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Stock - Carrying Value	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Equity	912.71-1.8%	929.86+4.5%	889.44+17.3%	758.18+9.4%	693.16-3.6%	719.17+7.3%	670.00+8.4%	618.07+3.0%	599.82
Total Shareholders Equity	912.71-1.8%	929.86+4.5%	889.44+17.3%	758.18+9.4%	693.16-3.6%	719.17+7.3%	670.00+8.4%	618.07+3.0%	599.82
Accumulated Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00-100.0%	0.25+13.6%	0.22
Total Equity	912.71-1.8%	929.86+4.5%	889.44+17.3%	758.18+9.4%	693.16-3.6%	719.17+7.3%	670.00+8.4%	618.32+3.0%	600.04
Total Liabilities & Stockholders Equity	1,702.23+5.2%	1,618.40+12.2%	1,441.97+7.1%	1,346.12+4.9%	1,282.90+2.8%	1,247.86+5.5%	1,183.09+11.4%	1,061.94+28.6%	825.47
Book Value Per Share per share	5.83+1.4%	5.75+6.9%	5.38+18.0%	4.56+9.6%	4.16-3.0%	4.29+9.4%	3.92+8.6%	3.61+2.0%	3.54
Tangible Book Value Per Share per share	2.92+2.8%	2.84+8.4%	2.62+51.4%	1.73+38.4%	1.25-32.4%	1.85+28.5%	1.44+42.6%	1.01-50.5%	2.04
Full-Time Employees people	65,000+9.2%	59,500+10.2%	54,000+18.9%	45,400+21.4%	37,400+17.2%	31,900+0.6%	31,700+8.9%	29,100+4.7%	27,800
Price to Book Ratio ratio	7.01	7.87	5.95	7.95	6.95	3.97	3.54	2.91	3.42
Return on Assets %	15.12	12.96	13.24	10.88	9.07	7.36	6.03	5.98	6.32
Return on Equity %	27.25	21.80	22.40	19.70	16.25	12.88	10.51	9.32	8.64
Return on Invested Capital %	19.37	15.56	17.04	13.93	15.06	8.89	7.20	6.43	7.51
Quick Ratio ratio	2.54	2.73	2.07	2.20	1.16	2.74	2.35	3.22	3.14
Current Ratio ratio	2.54	2.73	2.07	2.20	1.16	2.74	2.35	3.22	3.14

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric	TTM	2025FY12/31/2025	2024FY12/31/2024	2023FY12/31/2023	2022FY12/31/2022	2021FY12/31/2021	2020FY12/31/2020	2019FY12/31/2019	2018FY12/31/2018
Net Income	260.61	251.02+26.6%	198.30+7.4%	184.56+29.1%	142.97+24.6%	114.76+28.3%	89.48+32.2%	67.66+19.3%	56.73
Depreciation	109.58	83.89+51.9%	55.22+9.8%	50.28-10.4%	56.10+13.0%	49.66-1.7%	50.51-3.2%	52.19+7.1%	48.72
Other Funds (Non Cash)	59.99	67.64-22.3%	87.09-12.6%	99.61+58.8%	62.74-22.2%	80.61+57.4%	51.21+5.1%	48.74+72.7%	28.22
Funds from Operations	414.86	387.48+20.8%	320.73+6.0%	302.70+24.9%	242.26+7.8%	224.70+15.9%	193.89+24.1%	156.25+17.4%	133.04
Extraordinary Item	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Changes in Working Capital	-88.67	-36.76	-52.20	-91.50	-76.12	-40.31-543.9%	9.08-25.4%	12.17	-40.60
Income Taxes Payable	22.67	-1.61	-26.20	-	-	-	-	-	-
Cash from Operating Activities	326.19	350.72+30.6%	268.52+27.1%	211.20+27.1%	166.14-9.9%	184.39-9.2%	202.97+20.5%	168.42+82.2%	92.44
Capital Expenditures	-55.00	-52.60	-46.26	-52.80	-44.84	-37.25	-42.22	-40.14	-40.44
Net Assets From Acquisitions	-153.84	0.00	-24.30	0.00	-3.87	-76.83	0.00	-0.24	-231.83
Sale of Fixed Assets and Businesses	0.30	0.35+66.7%	0.21-71.6%	0.74+174.1%	0.27-79.2%	1.30+41.3%	0.92	0.00	-
Purchase or Sale of Investments	43.14	2.99	-48.75-221.7%	40.07	-48.10	-1.49-106.5%	22.99	-11.01	-5.23
Purchase of Investments	-271.91	-314.69	-289.61	-235.97	-212.61	-96.01	-103.16	-187.97	-133.43
Sale Or Maturity of Investments	315.05	317.67+31.9%	240.86-12.7%	276.04+67.8%	164.50+74.0%	94.52-25.1%	126.15-28.7%	176.97+38.0%	128.21
Other Uses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Sources	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Investing Activities	-165.40	-49.26	-119.10	-12.00	-96.55	-114.27	-18.32	-51.38	-277.49
Cash Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Capital Stock	-316.30	-322.25	-202.90	-126.28	-71.58	-117.65	-78.45	-40.38	-41.71
Repurchase of Common Pref Stock	-322.02	-328.49	-207.93	-131.85	-72.64	-118.36	-79.95	-41.36	-43.11
Sale of Common Pref Stock	5.73	6.24+24.3%	5.02-9.9%	5.57+425.5%	1.06+49.3%	0.71-52.7%	1.50+51.5%	0.99-29.3%	1.40
Proceedsfrom Stock Options	0.00	0.00	0.00-100.0%	5.57	0.00	0.00	0.00	0.00	0.00
Issuance or Reduction of Debt, Net	153.33	9.49-89.2%	87.80	-50.17	-10.14	-29.23	-11.12	-52.70-122.0%	239.49
Change in Long Term Debt	153.33	9.49-89.2%	87.80	-50.17	-10.14	-29.23	-11.12	-52.70-122.0%	239.49
Issuance of Long Term Debt	938.48	235.00-18.8%	289.38+261.7%	80.00+128.6%	35.00-88.3%	300.00+172.7%	110.00+139.8%	45.88-88.4%	394.85
Reduction of Long Term Debt	-785.15	-225.51	-201.58	-130.17	-45.14	-329.23	-121.12	-98.58	-155.36
Net Financing Active Other Cash Flow	0.00	0.00	-4.00	-5.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities Uses	0.00	0.00	-4.00	-5.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activities	-162.97	-312.76	-119.10	-181.45	-81.72	-146.88	-89.56	-93.08-147.1%	197.78
Exchange Rate Effect	-2.58	5.88	-4.33-313.3%	2.03	-6.06	-4.95-246.4%	3.38	-1.04	-2.87
Net Change in Cash	-4.76	-5.43-120.9%	26.00+31.4%	19.78	-18.19	-81.71-183.0%	98.47+329.8%	22.91+132.6%	9.85
Free Cash Flow	271.19	298.12+34.1%	222.26+40.3%	158.40+30.6%	121.31-17.6%	147.14-8.5%	160.75+25.3%	128.28+146.7%	52.00
Preferred Dividends (Cash Flow)	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Free Cash Flow ratio	19.34	23.13	32.81	32.75	47.26	33.69	18.30	18.81	35.45
Deferred Taxes & Investment Tax Credit	-	-15.06	-19.89	-31.74	-19.55	-20.33-853.0%	2.70	-12.35	-0.62

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric	2026Q39/30/2026	2026Q26/30/2026	2026Q13/31/2026	2025Q412/31/2025	2025Q39/30/2025	2025Q26/30/2025	2025Q13/31/2025	2024Q412/31/2024
Cash & Short Term Investments	346.59-13.7%	296.79-18.6%	266.17-22.0%	340.76-2.8%	401.46+20.5%	364.80+29.1%	341.25+36.3%	350.55+18.9%
Short Term Receivables	518.59+30.1%	496.30+25.1%	433.80+8.1%	391.56+8.8%	398.59+9.1%	396.76+13.0%	401.31+12.4%	359.80+9.2%
Inventories	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	85.83-0.9%	74.07-19.1%	90.45+7.9%	90.56+12.4%	86.57+32.8%	91.53+37.6%	83.83+53.8%	80.56+54.8%
Total Current Assets	951.01+7.3%	867.16+1.6%	790.42-4.4%	822.88+4.0%	886.62+16.1%	853.09+21.9%	826.38+24.9%	790.91+16.9%
Net Property, Plant & Equipment	217.40+17.5%	212.08+13.3%	202.37+13.5%	209.23+22.6%	185.02+3.3%	187.19+6.2%	178.30+5.9%	170.62+3.3%
Total Investments and Advances	14.20-16.4%	14.53-30.9%	25.08-16.3%	16.87-26.3%	16.99-31.3%	21.02-10.2%	29.95+143.7%	22.89+88.9%
Intangible Assets	681.12+48.3%	448.41-3.2%	451.64-3.2%	455.86-3.0%	459.38-4.1%	463.40+3.1%	466.59+3.1%	469.72+3.1%
Deferred Tax Assets	129.73+12.0%	139.29+18.8%	140.60+27.9%	129.97+24.1%	115.83+8.4%	117.21+16.1%	109.95+19.7%	104.75+26.3%
Other Assets	75.73+14.2%	62.59-1.2%	61.67+0.1%	62.61+12.0%	66.31+25.2%	63.37+27.4%	61.58+36.8%	55.89+30.9%
Total Assets	2,073.41+19.6%	1,747.89+2.3%	1,676.380.0%	1,702.23+5.2%	1,733.63+7.7%	1,708.50+13.6%	1,676.41+16.5%	1,618.40+12.2%
Short Term Debt Incl. Current Port. of LT Debt	29.80+23.9%	399.89+1619.2%	21.81-2.2%	22.36+2.5%	24.06+9.7%	23.26-74.3%	22.31-71.7%	21.81-72.0%
Accounts Payable	6.50-4.0%	6.73+12.7%	11.26+99.3%	4.75-19.2%	6.77+65.9%	5.97+99.0%	5.65+82.8%	5.88+16.4%
Income Tax Payable	15.51+6362.5%	-	-	-	0.24-80.8%	0.23+360.0%	0.27-94.5%	0.28-76.9%
Other Current Liabilities	392.38+42.2%	297.02+22.3%	266.44+23.7%	297.01+13.3%	275.94+21.6%	242.84+25.7%	215.42+23.3%	262.14+8.3%
Total Current Liabilities	444.19+44.7%	703.65+158.4%	299.51+22.9%	324.12+11.7%	307.00+20.8%	272.30-5.1%	243.65-6.8%	290.12-11.1%
Long Term Debt	585.55+42.7%	88.13-72.2%	496.77+36.6%	383.42+11.2%	410.40+1.6%	317.56-2.5%	363.79+6.8%	344.80+77.9%
Provision for Risks Charges	35.21+54.0%	41.51+65.8%	42.97+62.6%	41.63+67.9%	22.86+33.1%	25.03+44.3%	26.43+48.7%	24.80+48.8%
Deferred Tax Liabilities	5.15+6.4%	4.68+5.6%	4.01+6.9%	4.30+27.6%	4.84+0.2%	4.43+18.1%	3.75+33.9%	3.37+22.1%
Other Liabilities	75.22+108.1%	43.68+54.7%	54.31+101.7%	36.05+41.6%	36.14+64.2%	28.23+62.4%	26.92+100.0%	25.46+97.1%
Total Liabilities	1,145.32+46.6%	881.64+36.2%	897.58+35.1%	789.53+14.7%	781.24+11.2%	647.55-0.6%	664.53+4.5%	688.54+24.6%
Non-Equity Reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Stock - Carrying Value	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Equity	928.09-2.6%	866.24-18.4%	778.80-23.0%	912.71-1.8%	952.39+4.9%	1,060.95+24.4%	1,011.88+26.0%	929.86+4.5%
Total Shareholders Equity	928.09-2.6%	866.24-18.4%	778.80-23.0%	912.71-1.8%	952.39+4.9%	1,060.95+24.4%	1,011.88+26.0%	929.86+4.5%
Accumulated Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity	928.09-2.6%	866.24-18.4%	778.80-23.0%	912.71-1.8%	952.39+4.9%	1,060.95+24.4%	1,011.88+26.0%	929.86+4.5%
Total Liabilities & Stockholders Equity	2,073.41+19.6%	1,747.89+2.3%	1,676.380.0%	1,702.23+5.2%	1,733.63+7.7%	1,708.50+13.6%	1,676.41+16.5%	1,618.40+12.2%
Book Value Per Share per share	6.15+2.7%	5.71-13.0%	5.09-18.2%	5.83+1.4%	5.99+6.2%	6.56+24.7%	6.22+25.7%	5.75+6.9%
Tangible Book Value Per Share per share	1.64-47.1%	2.75-25.5%	2.14-36.1%	2.92+2.8%	3.10+16.5%	3.69+48.2%	3.35+55.1%	2.84+8.4%
Full-Time Employees people	-	-	-	65,000+9.2%	-	-	-	59,500+10.2%
Price to Book Ratio ratio	7.01	5.08	5.22	7.08	6.72	7.04	8.21	7.87
Return on Assets %	13.69	14.47	15.00	15.12	14.44	14.71	13.87	12.96
Return on Equity %	27.72	25.94	28.09	27.25	25.96	24.70	23.81	21.80
Return on Invested Capital %	4.54	6.76	5.26	4.65	4.27	4.79	4.84	3.98
Quick Ratio ratio	2.14	1.23	2.64	2.54	2.89	3.13	3.39	2.73
Current Ratio ratio	2.14	1.23	2.64	2.54	2.89	3.13	3.39	2.73

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric	2026Q39/30/2026	2026Q26/30/2026	2026Q13/31/2026	2025Q412/31/2025	2025Q39/30/2025	2025Q26/30/2025	2025Q13/31/2025	2024Q412/31/2024
Net Income	68.77+18.2%	64.51-2.3%	67.08+0.8%	60.25+18.9%	58.16+9.7%	66.05+44.1%	66.56+36.5%	50.67+25.8%
Depreciation	26.08+71.7%	28.50+101.4%	13.99+3.3%	41.01+153.9%	15.19+9.8%	14.15+9.8%	13.54+9.7%	16.15+31.6%
Other Funds (Non Cash)	20.68+4.0%	19.99+1.5%	16.59-34.5%	2.72-85.3%	19.89-22.3%	19.70-4.0%	25.34+12.8%	18.48-38.4%
Funds from Operations	113.69+11.1%	110.75+20.1%	94.98-2.6%	95.43+5.1%	102.32+21.6%	92.22+30.1%	97.51+30.2%	90.84+17.4%
Extraordinary Item	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Changes in Working Capital	5.50-70.1%	-22.86-233.2%	-93.26	21.95+51.4%	18.40-29.3%	17.16+323.7%	-94.26	14.50+758.0%
Income Taxes Payable	-8.07	11.13	20.26+73.8%	-0.65	-5.16	-7.46	11.66	-17.77
Cash from Operating Activities	119.19-1.3%	87.89-19.6%	1.72-46.9%	117.38+11.4%	120.72+9.6%	109.38+46.0%	3.24	105.35+33.3%
Capital Expenditures	-16.68	-14.51	-12.93	-10.87	-14.36	-14.43	-12.94	-10.07
Net Assets From Acquisitions	-153.84	0.00	0.00	0.00-100.0%	0.00	0.00	0.00	0.17
Sale of Fixed Assets and Businesses	0.09-35.7%	0.04-55.6%	0.12+20.0%	0.040.0%	0.14+75.0%	0.09+200.0%	0.10+66.7%	0.04-60.0%
Purchase or Sale of Investments	-22.13	-35.75-11271.9%	56.84	44.18	-32.10	0.32	-9.42-159.3%	-14.76
Purchase of Investments	-67.78	-92.97	-44.94	-66.22	-102.93	-54.75	-90.78	-63.46
Sale Or Maturity of Investments	45.65-35.5%	57.22+3.9%	101.78+25.1%	110.41+126.7%	70.83+35.4%	55.07-6.7%	81.36+0.7%	48.70-16.8%
Other Uses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Sources	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Investing Activities	-192.56	-50.21	44.02	33.35	-46.32	-14.02	-22.27-574.8%	-24.62
Cash Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Dividends (Cash Flow)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Capital Stock	-24.87	-19.78	-163.20	-108.44	-158.01	-40.58	-15.23	-10.55
Repurchase of Common Pref Stock	-25.83	-20.62	-165.99	-109.58	-159.24	-41.68	-17.99	-12.05
Sale of Common Pref Stock	0.96-22.0%	0.83-24.5%	2.79+0.7%	1.14-24.0%	1.23+17.1%	1.10+14.6%	2.77+83.4%	1.50+70.5%
Proceedsfrom Stock Options	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00-100.0%
Issuance or Reduction of Debt, Net	127.50+34.7%	-36.37	118.60+536.6%	-56.40	94.63+915.3%	-47.38	18.63-87.1%	-56.38
Change in Long Term Debt	127.50+34.7%	-36.37	118.60+536.6%	-56.40	94.63+915.3%	-47.38	18.63-87.1%	-56.38
Issuance of Long Term Debt	703.48+462.8%	0.00	175.00+250.0%	60.00	125.00+14.2%	0.00	50.00-72.2%	-0.03-100.3%
Reduction of Long Term Debt	-575.98	-36.37	-56.40	-116.40	-30.37	-47.38	-31.37	-56.35
Net Financing Active Other Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities Uses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activities	102.63	-56.16	-44.60-1411.8%	-164.84	-63.38	-87.96	3.40	-66.93
Exchange Rate Effect	-0.96	0.47-89.9%	-2.33-186.3%	0.24	-1.71-153.9%	4.65	2.70	-5.66-344.0%
Net Change in Cash	28.30+204.0%	-18.01-249.5%	-1.19	-13.86-270.5%	9.31-75.0%	12.05+36.8%	-12.92	8.13-53.4%
Free Cash Flow	102.51-3.6%	73.39-22.7%	-11.21	106.51+11.8%	106.36+9.3%	94.95+51.1%	-9.70	95.27+41.5%
Price to Free Cash Flow ratio	19.34	14.37	16.11	22.71	24.82	25.88	31.62	32.63

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Product
Name	2024	2025	vs 2024	2025 share
Data and AI-Led Services	979.73	1,155.34	+17.9%	55.3%
Digital Operations Service	858.64	932.34	+8.6%	44.7%
Total	1,838.37	2,087.68	+13.6%	100.0%

Region
Name	2024	2025	vs 2024	2025 share
North America	1,513.81	1,725.61	+14.0%	82.7%
Rest Of World	52.03	54.76	+5.3%	2.6%
The United Kingdom and Europe	272.53	307.31	+12.8%	14.7%
Total	1,838.37	2,087.68	+13.6%	100.0%

Segment
Name	2024	2025	vs 2024	2025 share
Banking, Capital Markets and Diversified Industries	639.27	724.24	+13.3%	34.7%
Healthcare and Life Sciences	431.79	533.54	+23.6%	25.6%
Insurance	767.31	829.90	+8.2%	39.8%
Total	1,838.37	2,087.68	+13.6%	100.0%

Short interest

shares short against float, oldest to newest

Settlement	Of float	Shares short	Float	Avg volume
2026-10-30	6.27%	9.1M	145.8M	2.23M
2026-10-15	6.91%	10.1M	146.6M	2.21M
2026-09-30	7.22%	10.6M	146.5M	2.23M
2026-09-15	6.71%	9.8M	146.5M	2.52M
2026-08-31	7.49%	11.0M	146.5M	2.59M
2026-08-14	7.23%	10.6M	146.5M	2.64M
2026-07-31	7.36%	10.8M	146.5M	2.72M
2026-07-15	8.14%	12.0M	147.7M	2.60M
2026-06-30	8.49%	12.5M	147.7M	2.60M
2026-06-15	8.90%	13.1M	147.4M	2.31M
2026-05-29	9.62%	14.2M	147.8M	2.32M
2026-05-15	9.72%	14.4M	147.8M	2.37M
2026-04-30	7.82%	11.6M	147.8M	2.48M
2026-04-15	7.50%	11.3M	151.2M	2.33M
2026-03-31	6.78%	10.3M	151.4M	2.12M
2026-03-13	5.21%	7.9M	151.4M	1.95M
2026-02-27	5.79%	8.8M	151.4M	1.73M
2026-02-13	4.89%	7.4M	151.4M	1.51M
2026-01-30	4.66%	7.2M	153.7M	1.21M
2026-01-15	4.78%	7.4M	154.0M	1.25M

Option chain

Expiry 2026-11-20 · underlying 43.00, quoted 13 Nov 07:13 ET · ATM 45.00

Option quotes 12 Nov 13:37 ET. A date on a row is older than the last session (12 Nov). 17 rows.

Implied move 6.22% into expiry (call 0.425 + put 2.250 = 2.675 on 43.00)

Put/call open interest 0.81 (1,381 puts / 1,702 calls) · Put/call volume 0.00 (0 puts / 1 calls)

IV change is points against the prior close.

Type	Strike	Money	Bid	Ask	Last	Chg	IV	Open int	Volume	Last size	Delta	Theta	Vega
call 1 Jan	20.00	ITM	21.60	25.30	0.00	0.00	563.8% +252.2	0	0	0	0.972	-0.083	0.004
put 1 Jan	20.00	OTM	0.00	0.75	0.00	0.00	311.5% 0.0	0	0	0	-0.028	-0.080	0.004
call 1 Jan	22.50	ITM	19.10	22.00	0.00	0.00	419.6% +150.3	0	0	0	0.968	-0.081	0.005
put 1 Jan	22.50	OTM	0.00	1.65	0.00	0.00	269.3% 0.0	0	0	0	-0.032	-0.078	0.005
call 2 Nov	25.00	ITM	16.70	20.30	17.71	0.00	432.8% +201.4	2	0	0	0.962	-0.079	0.005
put 1 Jan	25.00	OTM	0.00	1.95	0.00	0.00	231.3% 0.0	0	0	0	-0.038	-0.076	0.005
call 29 Oct	30.00	ITM	11.30	14.50	11.00	0.00	270.7% +106.0	11	0	0	0.948	-0.074	0.007
put 4 Nov	30.00	OTM	0.00	2.15	0.05	0.00	164.7% 0.0	56	0	0	-0.052	-0.070	0.007
call 10 Nov	35.00	ITM	6.40	10.10	7.95	0.00	221.9% +115.7	33	0	0	0.922	-0.066	0.009
put 6 Nov	35.00	OTM	0.00	0.25	0.05	0.00	106.2% 0.0	166	0	0	-0.078	-0.062	0.009
call	40.00	ITM	2.95	3.60	3.50	-0.43	64.1% -1.7	643	1	1	0.797	-0.078	0.018
put 10 Nov	40.00	OTM	0.00	0.50	0.10	0.00	66.1% +0.3	1,038	0	0	-0.203	-0.074	0.018
call 11 Nov	45.00	ATM	0.00	0.85	0.55	0.00	62.7% -9.4	1,005	0	0	0.364	-0.111	0.024
put 10 Nov	45.00	ATM	1.00	3.50	1.60	0.00	95.6% +23.6	121	0	0	-0.636	-0.106	0.024
call 10 Nov	50.00	OTM	0.00	1.15	0.08	0.00	116.7% 0.0	4	0	0	0.218	-0.140	0.019
put 6 Nov	50.00	ITM	5.50	8.50	6.92	0.00	155.6% +38.9	0	0	0	-0.782	-0.134	0.019
call 3 Nov	55.00	OTM	0.00	4.50	0.55	0.00	158.0% 0.0	4	0	0	0.175	-0.165	0.016
put 6 Nov	55.00	ITM	10.60	13.80	11.90	0.00	216.2% +58.1	0	0	0	-0.825	-0.159	0.016

Latest SEC filings

Filed	Form	Description	Period	Link
2026-11-12	144	Filing for proposed sale of securities under Rule 144.		SEC
2026-11-12	144	Filing for proposed sale of securities under Rule 144.		SEC
2026-11-12	144	Filing for proposed sale of securities under Rule 144.		SEC
2026-11-03	4	Statement of changes in beneficial ownership of securities	2026-11-02	SEC
2026-11-02	144	Filing for proposed sale of securities under Rule 144.		SEC
2026-10-27	10-Q	Quarterly report pursuant to Section 13 or 15(d)	2026-09-30	SEC
2026-10-27	8-K	Current report	2026-10-27	SEC
2026-10-07	SCHEDULE 13G/A			SEC
2026-10-02	4	Statement of changes in beneficial ownership of securities	2026-10-01	SEC
2026-10-01	144	Filing for proposed sale of securities under Rule 144.		SEC
2026-09-03	4	Statement of changes in beneficial ownership of securities	2026-09-01	SEC
2026-09-02	8-K	Current report	2026-08-31	SEC
2026-09-01	144	Filing for proposed sale of securities under Rule 144.		SEC
2026-08-18	8-K	Current report	2026-08-18	SEC
2026-08-13	4	Statement of changes in beneficial ownership of securities	2026-08-11	SEC
2026-08-12	SCHEDULE 13G/A			SEC
2026-08-06	4	Statement of changes in beneficial ownership of securities	2026-08-03	SEC
2026-08-03	144	Filing for proposed sale of securities under Rule 144.		SEC
2026-07-28	10-Q	Quarterly report pursuant to Section 13 or 15(d)	2026-06-30	SEC
2026-07-28	8-K	Current report	2026-07-28	SEC
2026-07-21	4	Statement of changes in beneficial ownership of securities	2026-06-30	SEC
2026-07-21	4	Statement of changes in beneficial ownership of securities	2026-06-30	SEC
2026-07-21	4	Statement of changes in beneficial ownership of securities	2026-06-30	SEC
2026-07-21	8-K	Current report	2026-07-16	SEC
2026-07-20	4	Statement of changes in beneficial ownership of securities	2026-07-16	SEC
2026-07-20	3	Initial statement of beneficial ownership of securities	2026-07-16	SEC
2026-07-02	4	Statement of changes in beneficial ownership of securities	2026-07-01	SEC
2026-07-01	144	Filing for proposed sale of securities under Rule 144.		SEC
2026-06-24	8-K	Current report	2026-06-22	SEC
2026-06-18	4	Statement of changes in beneficial ownership of securities	2026-06-16	SEC

Insider activity by month

Month	Sold	Sells
2026-11	453.42K	1
2026-10	389.18K	1
2026-09	381.70K	1
2026-08	560.39K	2
2026-07	317.64K	1
2026-06	362.64K	1
2026-05	148.26K	1
2026-04	0	0
2026-03	51.02K	1
2026-02	104.64K	2
2026-01	345.09K	1
2025-12	470.84K	1
2025-11	0	0

Institutional holders

Manager	% owned
BlackRock, Inc.	12.36%
FMR LLC	12.07%
AQR CAPITAL MANAGEMENT LLC	4.46%
VANGUARD CAPITAL MANAGEMENT LLC	4.35%
VANGUARD PORTFOLIO MANAGEMENT LLC	4.24%
STATE STREET CORP	3.19%
GEODE CAPITAL MANAGEMENT, LLC	2.65%
TWO SIGMA INVESTMENTS, LP	2.63%
D. E. Shaw & Co., Inc.	2.13%
CITADEL ADVISORS LLC	2.10%

Funds

Fund	% owned
iShares Core S&P Mid-Cap ETF	3.42%
VANGUARD TOTAL STOCK MARKET INDEX FUND	3.02%
VANGUARD SMALL-CAP INDEX FUND	2.18%
Strategic Advisers Fidelity U.S. Total Stock Fund	1.90%
Fidelity Series Value Discovery Fund	1.56%
FULLERTHALER BEHAVIORAL SMALL CAP EQUITY	1.40%
VANGUARD SMALL-CAP GROWTH INDEX FUND	1.25%
Fidelity Value Fund	1.23%
VANGUARD EXTENDED MARKET INDEX FUND	1.15%
State Street SPDR S&P MidCap 400SM ETF Trust	0.77%

OakChart. EXLS. Cached 15 minutes. Terms