Page: Company Financials
Vario Secure Inc.
$762.00
-5.00 (-0.65%)
As of: 2026-01-28
Master Data Export
Enterprise Value
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Stock Price | 685.00 | 640.75 | 873.00 | 1,153.25 | 1,419.25 | 2,010.00 |
| Market Capitalization | 3,102.94M | 2,897.30M | 3,942.03M | 4,524.53M | 5,349.26M | 7,490.23M |
| (-) Cash & Equivalents | 770.30M | 794.37M | 843.64M | 447.88M | 435.20M | 113.88M |
| (+) Total Debt | 1,142.23M | 1,293.87M | 1,454.22M | 1,717.64M | 2,093.21M | 1,231.68M |
| Enterprise Value | 3,474.87M | 3,396.80M | 4,552.61M | 5,794.28M | 7,007.28M | 8,608.04M |
Income Statement
| Metric | TTM | TTM-1 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,700M | 2,670M | 2,668M | 2,640M | 2,634M | 2,567M | 2,545M | 2,513M | 2,299M | 2,226M |
| Cost of Revenue | 1,324M | 1,233M | 1,300M | 1,177M | 1,244M | 969M | 985M | 964M | 919M | 859M |
| Gross Profit | 1,376M | 1,437M | 1,367M | 1,464M | 1,391M | 1,597M | 1,560M | 1,549M | 1,380M | 1,367M |
| Gross Profit Margin | 51.0% | 53.8% | 51.3% | 55.4% | 52.8% | 62.2% | 61.3% | 61.6% | 60.0% | 61.4% |
| R&D Expenses | 10M | 69M | 41M | 78M | 54M | 48M | 24M | 30M | 47M | 38M |
| SG&A Expenses | 754M | 884M | 1,129M | 943M | 811M | 845M | 796M | 760M | 911M | 815M |
| Operating Expenses | 883M | 912M | 877M | 943M | 810M | 846M | 796M | 760M | 911M | 815M |
| Operating Income (EBIT) | 493M | 525M | 490M | 521M | 581M | 752M | 764M | 789M | 470M | 552M |
| Operating Income Margin | 18.2% | 19.7% | 18.4% | 19.7% | 22.1% | 29.3% | 30.0% | 31.4% | 20.4% | 24.8% |
| Interest Income | 1M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| Interest Expense | 15M | 14M | 15M | 12M | 39M | 50M | 56M | 65M | 25M | 42M |
| Net Interest Income | -14M | -14M | -15M | -12M | -39M | -50M | -56M | -65M | -25M | -42M |
| Unusual Items | 1M | 1M | 2M | 0M | 0M | 0M | 0M | 0M | -1M | -2M |
| EBT Excluding Unusual Items | 479M | 512M | 475M | 509M | 542M | 702M | 708M | 724M | 445M | 510M |
| Pre-Tax Income | 479M | 513M | 477M | 509M | 542M | 702M | 708M | 724M | 444M | 508M |
| Pre-Tax Margin | 17.8% | 19.2% | 17.9% | 19.3% | 20.6% | 27.3% | 27.8% | 28.8% | 19.3% | 22.8% |
| Income Tax Expense | 133M | 163M | 135M | 162M | 159M | 201M | 216M | 226M | 208M | 232M |
| Net Income | 347M | 350M | 342M | 348M | 383M | 500M | 492M | 498M | 235M | 276M |
| Net Income Margin | 12.8% | 13.1% | 12.8% | 13.2% | 14.6% | 19.5% | 19.3% | 19.8% | 10.2% | 12.4% |
| Depreciation & Amortization | 203M | 187M | 201M | 185M | 177M | 125M | 118M | 94M | 79M | 75M |
| EBITDA | 696M | 712M | 691M | 706M | 759M | 877M | 882M | 883M | 549M | 626M |
| EBITDA Margin | 25.8% | 26.7% | 25.9% | 26.7% | 28.8% | 34.2% | 34.7% | 35.2% | 23.9% | 28.1% |
| NOPAT | 356M | 359M | 351M | 356M | 411M | 536M | 531M | 543M | 249M | 299M |
| NOPAT Margin | 13.2% | 13.4% | 13.2% | 13.5% | 15.6% | 20.9% | 20.9% | 21.6% | 10.8% | 13.5% |
| Owner's Earnings | 459M | 375M | 482M | 359M | 422M | 518M | 497M | 479M | 264M | 333M |
| Owner's Earnings Margin | 17.0% | 14.0% | 18.1% | 13.6% | 16.0% | 20.2% | 19.5% | 19.1% | 11.5% | 15.0% |
| EPS (Basic) | 76.63 | 77.53 | 75.72 | 76.96 | 93.41 | 132.29 | 131.78 | 133.70 | 63.17 | 73.94 |
| EPS (Diluted) | 76.47 | 77.00 | 75.46 | 76.12 | 91.18 | 127.12 | 124.01 | 133.70 | 63.17 | 73.94 |
| Shares (Basic) | 5M | 5M | 5M | 5M | 4M | 4M | 4M | 4M | 4M | 4M |
| Shares (Diluted) | 5M | 5M | 5M | 5M | 4M | 4M | 4M | 4M | 4M | 4M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 780.68M | 759.91M | 759.91M | 822.30M | 1,039.96M | 389.85M | 593.93M | 632.23M | 288.32M | 351.03M |
| Short-Term Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 780.68M | 759.91M | 759.91M | 822.30M | 1,039.96M | 389.85M | 593.93M | 632.23M | 288.32M | 351.03M |
| Net Receivables | 489.14M | 452.08M | 452.08M | 458.22M | 443.90M | 464.75M | 461.32M | 440.50M | 412.81M | 404.00M |
| Inventory | 197.63M | 144.55M | 144.55M | 189.36M | 260.28M | 218.10M | 119.74M | 105.03M | 261.43M | 184.67M |
| Other Current Assets | 196.20M | 211.58M | 211.58M | 138.88M | 81.09M | 78.84M | 76.89M | 71.51M | 7.97M | 49.23M |
| Total Current Assets | 1,663.65M | 1,568.12M | 1,568.12M | 1,608.76M | 1,825.24M | 1,151.53M | 1,251.88M | 1,249.26M | 970.53M | 988.93M |
| Property, Plant & Equipment | 275.01M | 282.41M | 282.41M | 227.67M | 158.91M | 206.73M | 293.23M | 259.20M | 97.92M | 91.10M |
| Goodwill | 5,054.61M | 5,054.61M | 5,054.61M | 5,054.61M | 5,054.61M | 5,054.61M | 5,054.61M | 5,054.61M | 4,506.46M | 4,763.97M |
| Intangible Assets | 333.23M | 337.47M | 337.47M | 343.68M | 296.08M | 242.73M | 173.41M | 99.19M | 2.11M | 0.84M |
| Long-Term Investments | 65.25M | 65.25M | 65.25M | 63.38M | 63.38M | 63.38M | 63.38M | 63.38M | 141.54M | 109.50M |
| Tax Assets | 0.00M | 93.05M | 93.05M | 153.67M | 166.35M | 131.67M | 139.88M | 122.44M | 79.31M | 70.88M |
| Other Non-Current Assets | 229.10M | 175.33M | 175.33M | 198.16M | 161.57M | 173.86M | 172.45M | 180.11M | 76.59M | 66.47M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 5,957.20M | 6,008.12M | 6,008.12M | 6,041.18M | 5,900.90M | 5,872.99M | 5,896.98M | 5,778.94M | 4,903.93M | 5,102.75M |
| Total Assets | 7,620.85M | 7,576.24M | 7,576.24M | 7,649.93M | 7,726.14M | 7,024.53M | 7,148.86M | 7,028.20M | 5,874.46M | 6,091.69M |
| Accounts Payable | 127.80M | 118.69M | 118.69M | 106.60M | 81.75M | 134.21M | 108.01M | 127.43M | 62.10M | 65.51M |
| Short-Term Debt | 200.00M | 200.00M | 200.00M | 200.00M | 200.00M | 1,786.68M | 369.76M | 365.05M | 400.00M | 400.00M |
| Tax Payables | 0.00M | 0.00M | 0.00M | 66.30M | 105.25M | 93.51M | 120.43M | 185.55M | 99.35M | 150.61M |
| Deferred Revenue | 0.00M | 0.00M | 0.00M | 0.00M | 200.11M | 170.21M | 186.51M | 185.55M | 318.73M | 349.05M |
| Other Current Liabilities | 304.36M | 285.55M | 285.55M | 403.51M | 172.08M | 144.30M | 108.22M | 477.34M | 205.57M | 178.47M |
| Total Current Liabilities | 632.16M | 604.23M | 604.23M | 776.41M | 759.19M | 2,328.91M | 892.94M | 1,340.92M | 1,085.74M | 1,143.64M |
| Long-Term Debt | 850.00M | 900.00M | 900.00M | 1,100.00M | 1,300.00M | 0.00M | 1,786.68M | 2,156.44M | 2,600.00M | 3,000.00M |
| Capital Lease Obligations | 64.06M | 70.39M | 70.39M | 28.84M | 0.00M | 28.84M | 102.73M | 105.25M | 152.73M | 214.33M |
| Deferred Tax Liabilities | 0.00M | 0.00M | 76.25M | 85.68M | 89.22M | -347.81M | -366.38M | -295.76M | -256.47M | -220.88M |
| Other Non-Current Liabilities | 77.43M | 18.53M | 97.16M | 196.52M | 314.54M | 366.19M | 384.72M | 314.06M | 121.98M | 24.74M |
| Total Non-Current Liabilities | 991.49M | 988.92M | 1,143.80M | 1,411.04M | 1,703.76M | 47.22M | 1,907.74M | 2,279.98M | 2,618.24M | 3,018.19M |
| Total Liabilities | 1,623.65M | 1,593.15M | 1,748.03M | 2,187.45M | 2,462.95M | 2,376.13M | 2,800.68M | 3,620.89M | 3,703.98M | 4,161.83M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 4,323.06M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 751.80M | 751.80M | 751.80M | 750.87M | 749.76M | 330.02M | 320.07M | 310.00M | 310.00M | 310.00M |
| Retained Earnings | 3,193.27M | 3,088.01M | 3,088.01M | 2,745.78M | 2,581.04M | 2,351.37M | 1,999.44M | 1,507.91M | 468.99M | 233.58M |
| Accumulated OCI | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Minority Interest | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Shareholders’ Equity | 3,945.07M | 3,839.81M | 3,839.81M | 3,496.65M | 3,330.80M | 7,004.44M | 2,319.52M | 1,817.91M | 778.99M | 543.58M |
| Total Equity | 3,945.07M | 3,839.81M | 3,839.81M | 3,496.65M | 3,330.80M | 7,004.44M | 2,319.52M | 1,817.91M | 778.99M | 543.58M |
| Total Liabilities & Equity | 5,568.71M | 5,432.97M | 5,587.84M | 5,684.10M | 5,793.75M | 9,380.58M | 5,120.19M | 5,438.80M | 4,482.97M | 4,705.41M |
| Tangible Assets | 2,233.01M | 2,184.16M | 2,184.16M | 2,251.64M | 2,375.45M | 1,727.18M | 1,920.83M | 1,874.40M | 1,365.89M | 1,326.87M |
| Tangible Equity | -1,442.78M | -1,552.27M | -1,552.27M | -1,901.65M | -2,019.89M | 1,707.10M | -2,908.51M | -3,335.90M | -3,729.58M | -4,221.23M |
| Tangible Book Value | -1,442.78M | -1,552.27M | -1,552.27M | -1,901.65M | -2,019.89M | 1,707.10M | -2,908.51M | -3,335.90M | -3,729.58M | -4,221.23M |
| Total Investments | 65.25M | 65.25M | 65.25M | 63.38M | 63.38M | 63.38M | 63.38M | 63.38M | 141.54M | 109.50M |
| Net Debt | 269.32M | 340.09M | 340.09M | 477.70M | 460.04M | 1,396.83M | 1,562.51M | 1,889.26M | 2,711.68M | 3,048.97M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital | 1,031.5M | 951.3M | 951.3M | 832.3M | 1,092.6M | -1,154.9M | 326.5M | 205.7M | 303.1M | 233.2M |
| Total Capital | 7,111.3M | 7,062.3M | 7,062.3M | 6,877.0M | 6,879.0M | 6,138.6M | 6,208.5M | 6,035.6M | 5,332.3M | 5,496.9M |
| Capital Employed | 6,988.7M | 6,959.4M | 6,959.4M | 6,873.5M | 6,993.5M | 4,718.1M | 6,223.5M | 5,984.6M | 5,207.0M | 5,336.0M |
| Invested Capital | 6,330.6M | 6,302.4M | 6,302.4M | 6,054.7M | 5,839.0M | 5,748.7M | 5,614.6M | 5,403.4M | 5,044.0M | 5,145.9M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 383.73M | 444.97M | 342.23M | 347.60M | 542.39M | 701.53M | 707.94M | 723.76M | 443.62M | 507.53M |
| Depreciation & Amortization | 203.13M | 186.85M | 200.79M | 185.26M | 177.44M | 125.45M | 117.67M | 94.31M | 287.07M | 282.72M |
| Deferred Income Tax | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Stock-Based Compensation | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in Working Capital | -130.54M | -131.44M | -190.78M | -93.97M | -42.14M | -154.82M | -42.70M | 360.97M | -91.01M | -95.74M |
| Accounts Receivable | -22.82M | -37.93M | 6.14M | -14.31M | 20.84M | -3.43M | -20.82M | -27.68M | -8.81M | -18.23M |
| Inventory | -30.69M | 135.52M | 44.81M | 70.92M | -42.18M | -98.36M | -14.71M | 156.39M | -76.75M | -47.95M |
| Accounts Payable | 30.61M | -2.36M | 1.89M | 24.90M | -53.41M | 26.22M | -15.33M | 29.48M | -4.30M | 25.95M |
| Other Working Capital | -101.54M | -226.67M | -243.62M | -175.48M | 32.60M | -79.26M | 8.17M | 202.78M | -1.15M | -47.79M |
| Other Non-Cash Items | -23.54M | -77.63M | 7.30M | -23.99M | -155.40M | -181.95M | -258.68M | -215.38M | -250.65M | -117.64M |
| Net Cash from Operating Activities | 432.79M | 422.75M | 359.54M | 414.90M | 522.29M | 490.21M | 524.23M | 963.65M | 389.02M | 576.87M |
| Capital Expenditures (PPE) | -90.67M | -162.58M | -123.61M | -66.19M | -138.67M | -108.29M | -112.21M | -113.31M | -50.73M | -17.18M |
| Acquisitions (Net) | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -35.97M | 0.00M | 0.00M |
| Purchases of Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Sales / Maturities of Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Investing Activities | -46.55M | 0.00M | -1.87M | -107.72M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Cash from Investing Activities | -137.22M | -162.58M | -125.48M | -173.91M | -138.67M | -108.29M | -112.21M | -149.29M | -50.73M | -17.18M |
| Net Debt Issuance | -247.28M | -200.00M | -200.00M | -200.00M | -300.00M | -400.00M | -400.00M | -400.00M | -400.00M | -865.00M |
| Long-Term Debt Issuance | -247.28M | -200.00M | -200.00M | -200.00M | -300.00M | -400.00M | -400.00M | -400.00M | -400.00M | -865.00M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | 0.00M | 4.44M | 0.00M | 2.22M | 818.43M | 14.85M | 20.15M | 0.00M | 0.00M | 0.00M |
| Common Stock Issuance | 0.00M | 4.44M | 0.00M | 2.22M | 818.47M | 14.90M | 20.15M | 0.00M | 0.00M | 0.00M |
| Common Stock Repurchased | 0.00M | 0.00M | 0.00M | 0.00M | -0.04M | -0.05M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | -0.09M | -10.49M | -0.41M | -182.76M | -153.41M | -148.11M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Dividends Paid | -0.09M | -10.49M | -0.41M | -182.76M | -153.41M | -148.11M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | -48.01M | -79.53M | -96.03M | -78.11M | -98.52M | -52.87M | -70.47M | -70.46M | -1.00M | -22.55M |
| Net Cash from Financing Activities | -295.38M | -285.58M | -296.44M | -458.65M | 266.50M | -586.14M | -450.32M | -470.46M | -401.00M | -887.55M |
| Effect of FX on Cash | 0.00M | 0.00M | 0.00M | 0.00M | -0.01M | 0.13M | 0.01M | 288.32M | 0.00M | -0.02M |
| Net Change in Cash | 0.18M | -25.41M | -62.39M | -217.66M | 650.12M | -204.08M | -38.30M | 343.91M | -62.71M | -327.88M |
| Cash at Beginning of Period | 3,115.11M | 3,156.90M | 822.30M | 1,039.96M | 389.85M | 593.93M | 632.23M | 288.32M | 351.03M | 678.91M |
| Cash at End of Period | 3,115.30M | 3,131.49M | 759.91M | 822.30M | 1,039.96M | 389.85M | 593.93M | 632.23M | 288.32M | 351.03M |
| Operating Cash Flow | 432.79M | 422.75M | 359.54M | 414.90M | 522.29M | 490.21M | 524.23M | 963.65M | 389.02M | 576.87M |
| Capital Expenditure | -90.51M | -162.58M | -60.58M | -173.91M | -138.67M | -108.29M | -112.21M | -113.31M | -50.73M | -17.18M |
| Free Cash Flow | 342.27M | 260.17M | 298.96M | 241.00M | 383.62M | 381.92M | 412.02M | 850.34M | 338.29M | 559.69M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 815.57M | 671.06M | 398.29M | 627.45M | 703.55M | 829.14M | 857.69M | 853.63M | 501.92M | 588.02M |
| (-) Tax Adjustment | 226.09M | 212.80M | 112.63M | 199.09M | 206.34M | 237.62M | 262.18M | 265.99M | 175.67M | 205.81M |
| (-) Change In Working Capital | -130.54M | -131.44M | -190.78M | -93.97M | -42.14M | -154.82M | -42.70M | 360.97M | -91.01M | -95.74M |
| (-) Capital Expenditure | -90.51M | -162.58M | -60.58M | -173.91M | -138.67M | -108.29M | -112.21M | -113.31M | -50.73M | -17.18M |
| Unlevered Free Cash Flow | 629.50M | 427.13M | 415.87M | 348.43M | 400.68M | 638.06M | 526.00M | 113.37M | 366.53M | 460.77M |
| (-) Net Interest Income After Taxes | -10.00M | -9.34M | -10.73M | -7.94M | -27.50M | -35.85M | -39.15M | -45.02M | -15.95M | -27.36M |
| Net Debt Issuance | -247.28M | -200.00M | -200.00M | -200.00M | -300.00M | -400.00M | -400.00M | -400.00M | -400.00M | -865.00M |
| Levered Free Cash Flow | 392.22M | 236.47M | 226.59M | 156.37M | 128.18M | 273.91M | 165.15M | -241.61M | -17.52M | -376.87M |