Income statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $1.1B | $1.14B | $1.67B | $2.8B | $4.74B | $5.79B | $5.83B | $7.37B | $6.8B |
| Cost of revenue | $649.08M | $385.62M | $679.21M | $1.29B | $2.39B | $2.64B | $2.65B | $3.3B | $3.07B |
| Gross profit | $446.1M | $754.53M | $995.75M | $1.51B | $2.35B | $3.1B | $3.21B | $4.11B | $3.79B |
| Gross margin | +40.73% | +66.18% | +59.45% | +53.90% | +49.57% | +53.49% | +55.11% | +55.83% | +55.79% |
| Operating | |||||||||
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, general & administrative | $190.08M | $209.39M | $409.56M | $736.64M | $1.58B | $1.59B | $1.66B | $2.07B | $1.85B |
| Total operating expenses | $190.08M | $209.39M | $409.56M | $736.64M | $1.39B | $1.53B | $1.55B | $1.98B | $1.85B |
| Operating income | $256.02M | $545.14M | $586.19M | $774.98M | $961.25M | $1.64B | $1.61B | $2.06B | $1.88B |
| Operating margin | +23.38% | +47.81% | +35.00% | +27.64% | +20.30% | +28.39% | +27.60% | +28.01% | +27.59% |
| EBITDA | $341.4M | $603.15M | $611.09M | $676.31M | $1.31B | $1.74B | $1.66B | $2.21B | $2.05B |
| EBIT | $263.47M | $543.12M | $446.48M | $283.47M | $822.79M | $1.03B | $1.08B | $1.36B | $1.2B |
| Below the line | |||||||||
| Interest expense | $33.61M | $139.57M | $239.04M | $249.12M | $202.72M | $533.94M | $539.64M | $668.57M | $636.59M |
| Interest income | $395K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other income / expense | -$26.16M | -$141.8M | -$379.02M | -$742.9M | -$341.19M | — | — | — | — |
| Pre-tax income | $229.86M | $403.34M | $207.17M | $32.08M | $620.06M | $502M | $506.3M | $638.29M | $590.79M |
| Income tax expense | $52.45M | $14.32M | $31.45M | $25.71M | $73.77M | $68.35M | $67.88M | $86.5M | $82.76M |
| Earnings | |||||||||
| Net income | $177.41M | $387.28M | -$35.23M | $9.41M | $195.4M | $44.59M | $46.42M | $59.23M | $52.74M |
| Net income · continuing ops | $177.41M | $389.02M | $175.72M | $6.38M | $546.29M | $426.36M | $431.05M | $557.41M | $493.53M |
| Net margin | +16.20% | +33.97% | -2.10% | +0.34% | +4.13% | +0.77% | +0.80% | +0.80% | +0.78% |
| EPS · basic | $3.27 | $4.66 | $-0.43 | $0.12 | $2.42 | $6.61 | $7.45 | $9.80 | $11.05 |
| EPS · diluted | $3.27 | $4.66 | $-0.43 | $0.05 | $2.26 | $4.69 | $5.30 | $6.79 | $7.77 |
| EPS · low estimate | — | — | — | — | — | $2.46 | $2.09 | $2.96 | $7.47 |
| EPS · high estimate | — | — | — | — | — | $6.50 | $8.61 | $10.40 | $7.96 |
| Shares · basic | 83.16M | 83.16M | 82.81M | 81.34M | 80.82M | 81.07M | 81.15M | 80.18M | 81.35M |
| Shares · diluted | 83.16M | 83.16M | 82.81M | 171.88M | 194.01M | 192.46M | 193.51M | 193.77M | 193.57M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 15 | 15 | 12 | 11 |
| Analysts (EPS) | — | — | — | — | — | 9 | 8 | 7 | 2 |
Coverage notes. Historical figures come from FMP’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS from FMP consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro