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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Starts Corporation Inc.

Ticker: 8850.T | Industry: Real Estate - Diversified | Sector: Real Estate
$4,980.00 -20.00 (-0.40%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Stock Price 4,520.00 3,467.50 2,834.50 2,607.75 2,731.00 2,346.25 2,613.75 2,628.00 2,709.50 2,093.75 1,983.75 1,533.75 1,053.75 509.50 335.50 324.50 304.00 215.33
Market Capitalization 217,872.51M 172,230.22M 140,784.62M 129,506.17M 139,816.66M 123,473.21M 137,501.55M 138,251.20M 142,539.19M 110,148.00M 104,352.13M 75,909.78M 50,426.15M 24,382.12M 16,055.44M 15,529.71M 14,549.04M 10,305.62M
(-) Cash & Equivalents 97,916.33M 95,116.50M 80,973.75M 77,470.00M 68,228.75M 67,890.50M 47,965.75M 44,431.50M 51,873.50M 49,487.25M 44,137.08M 41,594.63M 35,492.55M 28,018.54M 26,067.19M 21,894.13M 17,371.40M 5,310.06M
(+) Total Debt 70,444.00M 73,545.75M 70,611.75M 76,455.00M 74,472.50M 76,624.50M 82,112.75M 87,903.25M 84,562.25M 73,485.25M 74,145.62M 80,840.83M 64,835.55M 70,305.29M 71,133.76M 67,113.45M 64,579.84M 22,362.81M
Enterprise Value 190,400.18M 150,659.47M 130,422.62M 128,491.17M 146,060.41M 132,207.21M 171,648.55M 181,722.95M 175,227.94M 134,146.00M 134,360.67M 115,155.99M 79,769.15M 66,668.87M 61,122.01M 60,749.03M 61,757.48M 27,358.38M

Income Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31 2007-03-31 2006-03-31 2005-03-31
Revenue 242,711M 237,276M 232,978M 233,408M 233,871M 196,578M 198,963M 209,091M 195,177M 168,870M 180,807M 160,174M 156,752M 151,034M 128,360M 117,785M 112,242M 120,208M 120,003M 135,096M 29,621M 87,856M 80,353M
Cost of Revenue 164,417M 160,286M 156,800M 159,889M 165,686M 136,494M 143,022M 148,247M 136,585M 115,226M 129,238M 112,703M 113,091M 109,420M 91,994M 83,498M 78,840M 89,265M 87,555M 101,789M 21,229M 62,688M 58,615M
Gross Profit 78,294M 76,990M 76,178M 73,519M 68,185M 60,084M 55,941M 60,844M 58,592M 53,644M 51,569M 47,471M 43,662M 41,613M 36,366M 34,287M 33,402M 30,944M 32,448M 33,307M 8,391M 25,168M 21,738M
Gross Profit Margin 32.3% 32.4% 32.7% 31.5% 29.2% 30.6% 28.1% 29.1% 30.0% 31.8% 28.5% 29.6% 27.9% 27.6% 28.3% 29.1% 29.8% 25.7% 27.0% 24.7% 28.3% 28.6% 27.1%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 46,130M 44,063M 43,554M 41,604M 38,945M 35,060M 33,089M 36,065M 34,919M 31,865M 30,416M 16,690M 26,390M 24,726M 23,069M 0M 0M 0M 0M 0M 0M 0M 0M
Operating Expenses 46,131M 44,089M 43,554M 43,021M 40,089M 35,901M 33,872M 36,931M 35,770M 32,695M 31,390M 29,525M 27,221M 25,576M 23,908M 23,357M 23,538M 22,738M 25,031M 26,296M 21,229M 18,781M 15,452M
Operating Income (EBIT) 32,163M 32,901M 32,624M 30,498M 28,096M 24,183M 22,069M 23,913M 22,822M 20,949M 20,179M 17,946M 16,441M 16,037M 12,459M 10,930M 9,864M 8,206M 7,417M 7,011M -12,838M 6,387M 6,285M
Operating Income Margin 13.3% 13.9% 14.0% 13.1% 12.0% 12.3% 11.1% 11.4% 11.7% 12.4% 11.2% 11.2% 10.5% 10.6% 9.7% 9.3% 8.8% 6.8% 6.2% 5.2% -43.3% 7.3% 7.8%
Interest Income 475M 324M 433M 185M 53M 16M 23M 49M 43M 34M 34M 37M 84M 98M 97M 101M 97M 72M 77M 204M 150M 83M 38M
Interest Expense 505M 325M 408M 233M 254M 265M 266M 297M 332M 363M 377M 662M 1,020M 891M 1,074M 1,243M 1,170M 1,221M 1,441M 1,454M 1,027M 936M 977M
Net Interest Income -30M -1M 25M -48M -201M -249M -243M -248M -289M -329M -343M -625M -936M -793M -976M -1,142M -1,073M -1,149M -1,365M -1,250M -877M -853M -938M
Unusual Items 2,958M 3,680M 3,390M 2,830M 2,332M 1,677M 1,199M -1,307M 1,176M -116M -155M -99M 1,523M 391M 192M -410M -2,178M -756M -4,124M -307M 20,907M 197M -708M
EBT Excluding Unusual Items 32,133M 32,900M 32,649M 30,450M 27,895M 23,934M 21,826M 23,665M 22,533M 20,620M 19,836M 17,321M 15,505M 15,244M 11,483M 9,788M 8,791M 7,056M 6,053M 5,761M -13,715M 5,534M 5,347M
Pre-Tax Income 35,091M 36,580M 36,039M 33,280M 30,227M 25,611M 23,025M 22,358M 23,709M 20,504M 19,681M 17,222M 17,028M 15,634M 11,675M 9,378M 6,613M 6,301M 1,929M 5,453M 7,193M 5,731M 4,639M
Pre-Tax Margin 14.5% 15.4% 15.5% 14.3% 12.9% 13.0% 11.6% 10.7% 12.1% 12.1% 10.9% 10.8% 10.9% 10.4% 9.1% 8.0% 5.9% 5.2% 1.6% 4.0% 24.3% 6.5% 5.8%
Income Tax Expense 11,530M 11,343M 11,129M 10,670M 9,698M 8,686M 7,381M 7,214M 8,363M 6,718M 6,008M 6,503M 6,308M 6,421M 6,323M 4,966M 3,735M 3,709M 1,051M 3,374M 3,783M 2,856M 2,154M
Net Income 23,084M 24,606M 24,275M 22,095M 20,218M 16,772M 15,599M 15,059M 15,264M 13,727M 13,646M 10,680M 10,658M 8,101M 4,309M 3,369M 2,080M 1,925M 595M 1,461M 2,713M 2,334M 1,850M
Net Income Margin 9.5% 10.4% 10.4% 9.5% 8.6% 8.5% 7.8% 7.2% 7.8% 8.1% 7.5% 6.7% 6.8% 5.4% 3.4% 2.9% 1.9% 1.6% 0.5% 1.1% 9.2% 2.7% 2.3%
Depreciation & Amortization 6,855M 6,549M 6,740M 6,355M 5,743M 5,360M 4,959M 4,838M 4,475M 3,676M 3,642M 3,116M 3,012M 2,761M 2,656M 2,518M 2,639M 2,703M 2,520M 2,677M 1,768M 1,622M 1,081M
EBITDA 39,018M 39,450M 39,364M 36,853M 33,839M 29,543M 27,028M 28,751M 27,297M 24,625M 23,821M 21,062M 19,453M 18,798M 15,115M 13,448M 12,503M 10,908M 9,938M 9,687M -11,070M 8,009M 7,366M
EBITDA Margin 16.1% 16.6% 16.9% 15.8% 14.5% 15.0% 13.6% 13.8% 14.0% 14.6% 13.2% 13.1% 12.4% 12.4% 11.8% 11.4% 11.1% 9.1% 8.3% 7.2% -37.4% 9.1% 9.2%
NOPAT 21,595M 22,699M 22,550M 20,720M 19,082M 15,981M 14,994M 16,197M 14,772M 14,085M 14,019M 11,170M 10,350M 9,451M 5,711M 5,142M 4,292M 3,375M 3,374M 2,673M -6,085M 3,204M 3,366M
NOPAT Margin 8.9% 9.6% 9.7% 8.9% 8.2% 8.1% 7.5% 7.7% 7.6% 8.3% 7.8% 7.0% 6.6% 6.3% 4.4% 4.4% 3.8% 2.8% 2.8% 2.0% -20.5% 3.6% 4.2%
Owner's Earnings 21,748M 18,778M 23,614M 10,575M 15,295M 4,269M 11,147M 12,085M 10,767M -9,095M 9,865M 10,203M 10,109M -14,051M 2,224M 3,694M 3,412M 2,962M -2,325M -11,833M 2,761M -5,828M 1,657M
Owner's Earnings Margin 9.0% 7.9% 10.1% 4.5% 6.5% 2.2% 5.6% 5.8% 5.5% -5.4% 5.5% 6.4% 6.4% -9.3% 1.7% 3.1% 3.0% 2.5% -1.9% -8.8% 9.3% -6.6% 2.1%
EPS (Basic) 475.01 495.38 492.14 444.83 407.07 332.83 296.24 286.25 290.15 260.93 259.41 203.01 207.45 169.28 90.04 70.39 43.46 40.23 12.43 30.54 56.73 102.97 82.26
EPS (Diluted) 475.24 495.40 492.16 444.83 407.07 332.83 296.24 286.25 290.15 260.93 259.39 203.01 207.45 169.28 90.04 70.39 43.46 40.23 12.43 30.54 56.73 52.52 41.86
Shares (Basic) 49M 50M 49M 50M 50M 50M 53M 53M 53M 53M 53M 53M 51M 48M 48M 48M 48M 48M 48M 48M 48M 44M 44M
Shares (Diluted) 49M 50M 49M 50M 50M 50M 53M 53M 53M 53M 53M 53M 51M 48M 48M 48M 48M 48M 48M 48M 48M 44M 44M

Balance Sheet

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31 2007-03-31 2006-03-31 2005-03-31
Cash & Cash Equivalents 93,413.00M 101,251.00M 99,085.00M 94,037.00M 85,225.00M 74,385.00M 72,650.00M 60,036.00M 46,877.00M 44,507.00M 52,731.00M 47,642.00M 40,143.33M 41,825.93M 29,366.57M 27,818.73M 24,366.76M 21,376.73M 19,878.29M 21,957.33M 7,797.75M 27,764.64M 19,704.14M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,520.44M 242.75M 258.92M
Cash & Short-Term Investments 93,413.00M 101,251.00M 99,085.00M 94,037.00M 85,225.00M 74,385.00M 72,650.00M 60,036.00M 46,877.00M 44,507.00M 52,731.00M 47,642.00M 40,143.33M 41,825.93M 29,366.57M 27,818.73M 24,366.76M 21,376.73M 19,878.29M 21,957.33M 9,318.19M 28,007.38M 19,963.06M
Net Receivables 17,737.00M 14,577.00M 14,446.00M 20,036.00M 15,868.00M 12,992.00M 11,641.00M 12,797.00M 11,879.00M 10,283.00M 9,019.00M 8,788.00M 9,791.33M 8,133.56M 7,225.06M 7,396.93M 6,580.62M 4,986.39M 5,471.00M 5,473.00M 5,878.97M 3,782.50M 5,158.00M
Inventory 34,204.00M 31,439.00M 31,553.00M 17,552.00M 13,852.00M 20,491.00M 24,231.00M 29,893.00M 40,289.00M 46,780.00M 25,926.00M 25,653.00M 29,371.72M 23,412.68M 29,259.95M 24,310.78M 24,660.01M 14,739.60M 23,513.76M 32,879.14M 7.34M 26,509.19M 26,137.87M
Other Current Assets 10,048.00M 10,144.00M 10,037.00M 13,501.00M 10,708.00M 7,328.00M 6,747.00M 7,164.00M 6,402.00M 8,754.00M 8,321.00M 5,993.00M 7,561.66M 5,829.83M 6,395.18M 4,302.16M 3,744.47M 3,946.61M 5,184.80M 4,649.70M 5,937.68M 3,887.29M 2,786.62M
Total Current Assets 155,402.00M 157,411.00M 155,121.00M 145,126.00M 125,653.00M 115,196.00M 115,269.00M 109,890.00M 105,447.00M 110,324.00M 95,997.00M 88,076.00M 86,868.04M 79,202.00M 72,246.76M 63,828.61M 59,351.86M 45,049.33M 54,047.85M 64,959.17M 21,142.18M 62,186.36M 54,045.55M
Property, Plant & Equipment 139,363.00M 138,005.00M 137,745.00M 138,172.00M 134,297.00M 128,091.00M 114,903.00M 111,446.00M 107,031.00M 99,468.00M 75,980.00M 70,769.00M 70,742.43M 72,553.23M 52,938.50M 50,268.20M 51,197.76M 52,812.27M 54,689.98M 46,536.79M 10,018.24M 29,823.77M 15,121.14M
Goodwill 263.00M 328.00M 393.00M 652.00M 911.00M 1,016.00M 1,254.00M 1,400.00M 1,623.00M 1,932.00M 2,190.00M 2,490.00M 2,789.38M 2,654.62M 2,867.77M 3,088.96M 3,349.15M 3,660.32M 3,973.14M 4,473.33M 0.00M 0.00M 0.00M
Intangible Assets 5,796.00M 5,456.00M 5,158.00M 4,386.00M 3,260.00M 2,098.00M 1,582.00M 1,493.00M 1,599.00M 1,565.00M 1,476.00M 1,436.00M 1,394.79M 1,298.44M 1,086.83M 1,012.87M 997.33M 1,173.17M 993.70M 962.77M 428.45M 499.73M 363.57M
Long-Term Investments 16,942.00M 14,187.00M 13,892.00M 16,000.00M 24,040.00M 22,019.00M 21,512.00M 18,005.00M 17,837.00M 10,535.00M 9,410.00M 11,180.00M 12,453.72M 11,951.17M 10,982.55M 8,781.73M 9,177.29M 8,867.84M 6,065.83M 7,677.34M 6,025.25M 3,861.90M 1,676.84M
Tax Assets 1,936.00M 1,515.00M 2,591.00M 1,887.00M 2,615.00M 2,489.00M 2,408.00M 3,135.00M 2,885.00M 1,010.00M 884.00M 520.00M 6.06M 150.16M 545.97M 1,597.66M 2,029.94M 2,024.07M 2,465.54M 1,117.71M 51.38M 271.65M 464.20M
Other Non-Current Assets 16,178.00M 16,218.00M 16,433.00M 15,467.00M 412.00M 411.00M 461.00M 501.00M 498.00M 5,815.00M 5,261.00M 4,773.00M 3,345.64M 3,374.76M 3,672.00M 3,452.83M 3,262.01M 3,100.38M 3,196.04M 3,183.19M 2,418.75M 3,861.15M 4,136.47M
Other Assets 1.00M 0.00M 4.00M 5.00M 3.00M 2.00M 2.00M 3.00M 1.00M 3.00M 3.00M 2.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 180,479.00M 175,709.00M 176,216.00M 176,569.00M 165,538.00M 156,126.00M 142,122.00M 135,983.00M 131,474.00M 120,328.00M 95,204.00M 91,170.00M 90,732.01M 91,982.38M 72,093.63M 68,202.25M 70,013.48M 71,638.05M 71,384.24M 63,951.14M 18,942.06M 38,318.20M 21,762.22M
Total Assets 335,881.00M 333,120.00M 331,337.00M 321,695.00M 291,191.00M 271,322.00M 257,391.00M 245,873.00M 236,921.00M 230,652.00M 191,201.00M 179,246.00M 177,600.05M 171,184.38M 144,340.38M 132,030.85M 129,365.34M 116,687.37M 125,432.09M 128,910.31M 40,084.24M 100,504.56M 75,807.76M
Accounts Payable 18,681.00M 17,773.00M 20,731.00M 22,198.00M 22,801.00M 16,676.00M 16,815.00M 20,039.00M 19,090.00M 14,960.00M 15,401.00M 13,446.00M 18,538.00M 14,853.11M 14,399.26M 11,878.43M 11,323.74M 10,249.54M 13,997.70M 14,968.32M 1,314.59M 5,181.86M 11,551.24M
Short-Term Debt 22,044.00M 28,713.00M 23,420.00M 22,635.00M 23,197.00M 24,819.00M 20,543.00M 21,422.00M 23,131.00M 37,458.00M 20,335.00M 18,612.00M 21,369.90M 21,386.36M 22,880.23M 22,891.85M 21,945.14M 24,142.99M 25,139.37M 26,009.81M 7,754.90M 24,151.23M 18,422.95M
Tax Payables 5,760.00M 0.00M 0.00M 6,157.00M 5,270.00M 4,361.00M 3,500.00M 3,788.00M 5,212.00M 3,938.00M 3,854.00M 3,756.00M 2,462.24M 4,034.74M 2,898.39M 2,607.83M 2,006.03M 2,861.12M 1,392.72M 1,730.04M 0.73M 2,108.23M 1,129.71M
Deferred Revenue 0.00M 14,604.00M 14,523.00M 13,259.00M 22,684.00M 20,402.00M 16,001.00M 17,540.00M 16,486.00M 14,634.00M 13,566.00M 12,856.00M 9,799.09M 13,902.11M 9,960.40M 8,554.67M 6,108.96M 6,762.26M 10,924.98M 12,516.03M 48.13M 3,005.31M 1,779.82M
Other Current Liabilities 45,332.00M 28,199.00M 26,816.00M 26,302.00M 13,527.00M 11,627.00M 14,250.00M 12,415.00M 19,748.00M 32,188.00M 28,716.00M 24,614.00M 14,042.62M 12,185.97M 15,323.38M 13,793.54M 11,430.33M 12,316.72M 18,680.65M 22,065.12M 436.40M 30,267.64M 14,673.32M
Total Current Liabilities 91,817.00M 89,289.00M 85,490.00M 90,551.00M 87,479.00M 77,885.00M 71,109.00M 75,204.00M 83,667.00M 103,178.00M 81,872.00M 73,284.00M 66,211.86M 66,362.28M 65,461.65M 59,726.32M 52,814.20M 56,332.62M 70,135.42M 77,289.32M 9,554.74M 64,714.28M 47,557.04M
Long-Term Debt 44,399.00M 46,530.00M 46,226.00M 50,797.00M 42,452.00M 49,964.00M 49,220.00M 49,932.00M 53,746.00M 51,892.00M 42,123.00M 48,567.00M 52,458.57M 56,883.24M 43,713.49M 42,732.01M 47,466.52M 39,054.89M 40,142.27M 41,053.50M 12,072.20M 26,543.13M 18,508.08M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.00M 10.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 589.00M 589.00M 589.00M 573.00M 573.00M 573.00M 573.00M 573.00M 573.00M 573.00M 573.00M 578.00M 620.74M 672.89M 1,471.75M 672.89M 771.04M 805.62M 808.91M 827.52M 670.95M 670.95M 645.73M
Other Non-Current Liabilities 13,167.00M 12,974.00M 12,514.00M 13,127.00M 12,466.00M 12,506.00M 12,322.00M 8,468.00M 7,982.00M 5,906.00M 5,490.00M 5,334.00M 5,938.32M 8,064.33M 4,955.25M 4,894.18M 4,914.61M 4,754.08M 4,588.79M 2,090.86M 0.00M 318.50M 143.58M
Total Non-Current Liabilities 58,155.00M 60,093.00M 59,329.00M 64,497.00M 55,491.00M 63,043.00M 62,115.00M 58,973.00M 62,301.00M 58,371.00M 48,190.00M 54,489.00M 59,017.63M 65,620.46M 50,140.49M 48,299.07M 53,152.16M 44,614.60M 45,539.98M 43,971.88M 12,743.15M 27,532.58M 19,297.39M
Total Liabilities 149,972.00M 149,382.00M 144,819.00M 155,048.00M 142,970.00M 140,928.00M 133,224.00M 134,177.00M 145,968.00M 161,549.00M 130,062.00M 127,773.00M 125,229.48M 131,982.74M 115,602.15M 108,025.39M 105,966.36M 100,947.22M 115,675.39M 121,261.20M 22,297.90M 92,246.85M 66,854.43M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 136,985.00M 0.00M 115,338.00M 102,896.00M 91,611.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 11,039.00M 11,039.00M 11,039.00M 11,039.00M 11,039.00M 11,039.00M 11,039.00M 11,039.00M 11,039.00M 11,039.00M 11,039.00M 11,039.00M 11,039.48M 4,474.22M 4,474.22M 4,474.22M 4,474.22M 4,474.22M 4,474.22M 4,474.22M 4,474.22M 4,474.22M 2,571.33M
Retained Earnings 171,398.00M 165,688.00M 163,688.00M 144,836.00M 127,700.00M 111,600.00M 98,498.00M 86,054.00M 74,782.00M 62,779.00M 52,209.00M 41,196.00M 32,831.15M 24,096.85M 17,441.78M 14,089.89M 11,478.08M 9,854.61M 8,580.65M 8,793.60M 985.26M 5,712.75M 3,652.93M
Accumulated OCI 5,119.00M 4,821.00M 5,300.00M 7,906.00M 5,533.00M 5,352.00M 5,250.00M 2,057.00M 2,235.00M 2,402.00M 1,754.00M 2,670.00M 4,227.00M 3,178.00M 3,124.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 3,633.00M 3,598.00M 3,489.00M 3,162.00M 2,566.00M 1,610.00M 1,383.00M 1,448.00M 1,008.00M 948.00M 887.00M 835.00M 794.76M 6,954.29M 5,974.16M 5,052.66M 4,054.19M 3,385.46M 2,785.08M 2,595.53M 0.00M 1,551.66M 1,678.53M
Total Shareholders’ Equity 187,556.00M 181,548.00M 180,027.00M 163,781.00M 281,257.00M 127,991.00M 230,125.00M 202,046.00M 179,667.00M 76,220.00M 65,002.00M 54,905.00M 48,097.64M 31,749.06M 25,039.99M 18,564.11M 15,952.29M 14,328.83M 13,054.86M 13,267.82M 5,459.47M 10,186.96M 6,224.26M
Total Equity 191,189.00M 185,146.00M 183,516.00M 166,943.00M 283,823.00M 129,601.00M 231,508.00M 203,494.00M 180,675.00M 77,168.00M 65,889.00M 55,740.00M 48,892.40M 38,703.35M 31,014.16M 23,616.76M 20,006.49M 17,714.28M 15,839.94M 15,863.35M 5,459.47M 11,738.62M 7,902.79M
Total Liabilities & Equity 341,161.00M 334,528.00M 328,335.00M 321,991.00M 426,793.00M 270,529.00M 364,732.00M 337,671.00M 326,643.00M 238,717.00M 195,951.00M 183,513.00M 174,121.88M 170,686.09M 146,616.30M 131,642.16M 125,972.85M 118,661.50M 131,515.33M 137,124.55M 27,757.37M 103,985.48M 74,757.22M
Tangible Assets 329,822.00M 327,336.00M 325,786.00M 316,657.00M 287,020.00M 268,208.00M 254,555.00M 242,980.00M 233,699.00M 227,155.00M 187,535.00M 175,320.00M 173,415.89M 167,231.32M 140,385.78M 127,929.03M 125,018.86M 111,853.88M 120,465.25M 123,474.20M 39,655.79M 100,004.83M 75,444.19M
Tangible Equity 185,130.00M 179,362.00M 177,965.00M 161,905.00M 279,652.00M 126,487.00M 228,672.00M 200,601.00M 177,453.00M 73,671.00M 62,223.00M 51,814.00M 44,708.24M 34,750.30M 27,059.55M 19,514.94M 15,660.01M 12,880.79M 10,873.10M 10,427.24M 5,031.02M 11,238.90M 7,539.22M
Tangible Book Value 185,130.00M 179,362.00M 177,965.00M 161,905.00M 279,652.00M 126,487.00M 228,672.00M 200,601.00M 177,453.00M 73,671.00M 62,223.00M 51,814.00M 44,708.24M 34,750.30M 27,059.55M 19,514.94M 15,660.01M 12,880.79M 10,873.10M 10,427.24M 5,031.02M 11,238.90M 7,539.22M
Total Investments 26,090.00M 14,187.00M 13,892.00M 16,000.00M 24,040.00M 22,019.00M 21,512.00M 18,005.00M 17,837.00M 10,535.00M 9,410.00M 11,180.00M 12,453.72M 11,951.17M 10,982.55M 8,781.73M 9,177.29M 8,867.84M 6,065.83M 7,677.34M 7,545.69M 4,104.65M 1,935.76M
Net Debt -26,970.00M -26,008.00M -29,439.00M -20,605.00M -19,576.00M 398.00M -2,887.00M 11,318.00M 30,000.00M 44,843.00M 9,727.00M 19,537.00M 33,685.14M 36,443.68M 37,227.15M 37,805.12M 45,044.90M 41,821.16M 45,403.36M 45,105.99M 12,029.36M 22,929.72M 17,226.89M

Capital Metrics

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31 2007-03-31 2006-03-31 2005-03-31
Working Capital 63,585.0M 64,256.0M 61,921.0M 53,925.0M 35,744.0M 35,363.0M 41,964.0M 34,230.0M 30,682.0M 25,380.0M 29,304.0M 28,952.0M 25,539.1M 19,262.0M 16,021.3M 11,995.0M 11,899.3M -2,698.9M -4,173.2M 1,177.4M 6,203.9M 6,754.7M 8,948.3M
Total Capital 248,719.0M 251,512.0M 244,396.0M 235,587.0M 208,167.0M 200,847.0M 190,351.0M 176,307.0M 170,723.0M 171,361.0M 133,253.0M 127,876.0M 127,718.6M 114,093.7M 95,704.8M 89,842.0M 90,893.7M 82,774.2M 82,968.0M 84,524.8M 31,856.5M 66,215.6M 46,230.8M
Capital Employed 244,064.0M 239,965.0M 238,133.0M 230,494.0M 201,282.0M 191,489.0M 184,086.0M 170,213.0M 162,156.0M 145,708.0M 124,508.0M 120,122.0M 116,271.1M 111,244.4M 88,115.0M 80,197.2M 81,912.8M 68,939.2M 67,211.1M 65,128.5M 25,145.9M 45,072.9M 30,710.5M
Invested Capital 155,306.0M 150,261.0M 145,311.0M 141,550.0M 122,942.0M 126,462.0M 117,701.0M 116,271.0M 123,846.0M 126,854.0M 80,522.0M 80,234.0M 87,575.3M 72,267.8M 66,338.2M 62,023.3M 66,527.0M 61,397.5M 63,089.8M 62,567.4M 24,058.8M 38,451.0M 26,526.6M

Cash Flow Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31 2007-03-31 2006-03-31 2005-03-31
Net Income 23,084.00M 27,362.00M 24,275.00M 22,096.00M 30,227.00M 25,611.00M 23,025.00M 22,358.00M 23,709.00M 20,504.00M 19,681.00M 17,222.00M 17,027.82M 15,634.41M 11,674.84M 9,377.83M 6,612.65M 6,300.63M 1,928.59M 5,453.30M 7,192.50M 5,730.85M 4,639.02M
Depreciation & Amortization 6,855.00M 6,549.00M 6,740.00M 6,096.00M 5,484.00M 5,122.00M 4,734.00M 4,616.00M 4,166.00M 3,367.00M 3,343.00M 3,116.00M 3,011.93M 2,761.36M 2,656.20M 2,517.78M 2,639.00M 2,702.62M 2,520.20M 2,676.59M 1,767.87M 1,622.20M 1,081.18M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -11,426.00M 3,595.00M -3,991.00M -6,973.00M 6,378.00M 2,493.00M 7,393.00M 10,548.00M 6,784.00M -23,102.00M 2,166.00M 5,979.00M -7,458.99M 8,872.36M -2,650.95M 1,705.25M -8,707.14M -767.22M 1,247.33M -4,364.14M 2,730.44M -4,329.77M 4,147.40M
Accounts Receivable -3,815.00M 3,907.00M 5,480.00M -4,235.00M -2,911.00M -1,309.00M 997.00M -937.00M -1,615.00M -1,363.00M -218.00M 1,002.00M -1,657.00M -695.00M 253.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory -11,424.00M -7,021.00M -14,152.00M -3,786.00M 6,405.00M 2,999.00M 5,771.00M 10,310.00M 5,520.00M -22,656.00M -264.00M 3,650.00M -6,016.87M 5,797.49M -4,997.91M 357.73M -9,909.41M 8,805.79M 4,281.07M -4,499.76M -1,798.91M -8,159.87M -851.55M
Accounts Payable 1,130.00M 287.00M -1,494.00M 3,306.00M 1,883.00M 161.00M -1,384.00M -947.00M 3,486.00M -58.00M 1,505.00M -4,396.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 2,683.00M 6,223.00M 6,175.00M -2,258.00M 1,001.00M 642.00M 2,009.00M 2,122.00M -607.00M -446.00M 2,430.00M 2,329.00M -1,442.13M 3,074.88M 2,346.97M 1,347.51M 1,202.27M -9,573.01M -3,033.74M 135.63M 4,529.35M 3,830.10M 4,998.94M
Other Non-Cash Items 3,433.00M -1,761.00M -1,109.00M 4,511.00M -7,941.00M -8,275.00M -7,904.00M -6,855.00M -6,485.00M -5,437.00M -4,477.00M -4,945.00M -8,225.05M -4,994.96M -4,863.63M -3,514.92M -1,294.14M -643.35M 1,476.73M -2,759.21M -3,353.74M -1,187.62M -102.94M
Net Cash from Operating Activities 21,946.00M 35,745.00M 25,915.00M 25,730.00M 34,148.00M 24,951.00M 27,248.00M 30,667.00M 28,174.00M -4,668.00M 20,713.00M 21,372.00M 4,355.70M 22,273.17M 6,816.46M 10,085.93M -749.63M 7,592.68M 7,172.84M 1,006.55M 8,337.08M 1,835.65M 9,764.66M
Capital Expenditures (PPE) -10,223.00M -12,837.00M -9,173.00M -16,019.00M -10,666.00M -17,863.00M -9,411.00M -7,812.00M -8,972.00M -26,498.00M -7,423.00M -3,593.00M -3,561.07M -24,913.42M -4,740.80M -2,192.46M -1,307.32M -1,665.84M -5,439.80M -15,971.15M -1,720.65M -9,783.91M -1,274.91M
Acquisitions (Net) 50.00M 3,581.00M 3,797.00M 79.00M -51.00M -759.00M 3.00M -62.00M -22.00M -314.00M -18.00M -343.00M -282.82M -142.84M -1,013.34M 288.58M 95.00M 1,389.71M 427.07M 0.00M -3,789.34M 503.48M 103.17M
Purchases of Investments -7,134.00M -6,313.00M -5,105.00M -5,163.00M -4,019.00M -824.00M -2,348.00M -1,304.00M -2,152.00M -907.00M -3,071.00M -436.00M -1,401.64M -2,028.29M -848.54M -220.33M -393.80M -2,624.95M -1,913.64M -2,787.83M -3,187.71M -1,656.84M -327.38M
Sales / Maturities of Investments 6,067.00M 2,508.00M 1,761.00M 2,285.00M 2,745.00M 556.00M 1,410.00M 911.00M 1,059.00M 304.00M 1,737.00M 313.00M 3,286.11M 984.54M 702.18M 375.57M 428.01M 394.11M 1,907.95M 0.00M 59.85M 174.09M 30.28M
Other Investing Activities 518.00M 113.00M -49.00M -1,954.00M 1,290.00M 1,071.00M -14.00M -48.00M -5.00M 97.00M -196.00M -764.00M -1,442.84M 5,086.82M 75.29M -865.68M -2,351.93M -1,018.64M -1,046.00M 234.31M 131.53M -2,433.89M -469.12M
Net Cash from Investing Activities -10,722.00M -12,948.00M -8,769.00M -20,772.00M -10,701.00M -17,819.00M -10,360.00M -8,315.00M -10,092.00M -27,318.00M -8,971.00M -4,823.00M -3,402.26M -21,013.19M -5,825.21M -2,614.31M -3,530.04M -3,525.61M -6,064.41M -18,524.67M -8,506.32M -13,197.06M -1,937.97M
Net Debt Issuance -1,680.00M -4,597.00M -3,787.00M 7,784.00M -9,133.00M 5,020.00M -1,591.00M -5,523.00M -12,473.00M 26,894.00M -4,721.00M -6,648.00M -4,440.72M 11,681.26M 973.56M -3,786.08M 6,173.72M -2,337.64M -1,849.39M 0.00M 0.00M 13,763.34M -1,634.79M
Long-Term Debt Issuance -1,680.00M 5,830.00M -2,787.00M 7,379.00M -11,633.00M 4,680.00M -344.00M -7,703.00M -10,973.00M 14,694.00M -5,621.00M -6,248.00M -1,660.00M 12,799.26M 1,519.56M -3,869.79M 7,606.95M -711.51M -1,444.92M 7,379.60M 7,761.10M 8,852.36M -951.59M
Short-Term Debt Issuance 0.00M -4,940.00M -1,000.00M 405.00M 2,500.00M 340.00M -1,247.00M 2,180.00M -1,500.00M 12,200.00M 900.00M -400.00M -2,780.00M -1,118.00M -546.00M 83.70M -1,433.23M -1,626.13M -404.47M 1,754.19M -1,803.74M 4,910.98M -683.20M
Net Stock Issuance -4,907.00M 0.00M -4,907.00M 0.00M 0.00M -7,740.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4,175.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3,804.36M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4,175.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3,804.36M 0.00M
Common Stock Repurchased -4,907.00M 0.00M -4,907.00M 0.00M 0.00M -7,740.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -5,854.00M -5,202.00M -5,457.00M -4,952.00M -4,114.00M -3,314.00M -3,155.00M -3,782.00M -3,257.00M -3,152.00M -2,626.00M -2,312.00M -2,019.00M -1,433.28M -955.78M -763.80M -574.82M -572.78M -574.05M -593.45M -433.85M -219.66M -184.07M
Common Dividends Paid -5,854.00M -5,202.00M -5,457.00M -4,952.00M -4,114.00M -3,314.00M -3,155.00M -3,782.00M -3,257.00M -3,152.00M -2,626.00M -2,312.00M -2,018.67M -1,433.28M -955.78M -763.80M -574.82M -572.78M -574.00M -593.00M -433.00M -219.00M -184.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.67M 0.00M 0.00M 0.00M 0.00M 0.00M -0.05M -0.45M -0.85M -0.66M -0.07M
Other Financing Activities -1,252.00M 5,656.00M -1,124.00M 195.00M 298.00M 71.00M -119.00M -31.00M -29.00M -33.00M -28.00M -26.00M -94.28M -194.70M -95.46M -98.06M -88.11M -77.18M -342.23M 8,459.31M 5,948.26M -95.52M -89.65M
Net Cash from Financing Activities -13,693.00M -4,143.00M -15,275.00M 3,027.00M -12,949.00M -5,963.00M -4,865.00M -9,336.00M -15,759.00M 23,709.00M -7,375.00M -8,986.00M -2,378.00M 10,053.28M -77.68M -4,647.94M 5,510.79M -2,987.59M -2,765.67M 7,865.85M 5,514.40M 17,252.51M -1,908.51M
Effect of FX on Cash -179.00M -126.00M 33.00M 569.00M 350.00M 286.00M 22.00M -50.00M 405.00M -122.00M -32.00M -76.00M 370.46M 185.89M 396.65M -75.97M -384.33M -131.44M -289.78M -264.05M 12.05M 136.80M -14.99M
Net Change in Cash -2,648.00M 18,366.00M 1,904.00M 8,393.00M 10,847.00M 1,455.00M 12,045.00M 12,964.00M 2,727.00M -8,400.00M 4,732.00M 7,486.00M -1,054.60M 11,499.16M 1,310.23M 2,747.70M 1,084.59M 1,014.43M -1,586.43M -9,584.23M 5,357.22M 6,174.84M 5,903.19M
Cash at Beginning of Period 380,034.00M 322,338.00M 86,878.00M 78,485.00M 67,638.00M 66,183.00M 54,138.00M 41,174.00M 38,447.00M 46,847.00M 42,115.00M 34,629.00M 35,684.04M 24,184.88M 22,874.66M 20,126.95M 19,042.37M 18,027.94M 19,614.37M 29,198.60M 23,841.39M 17,666.54M 11,763.36M
Cash at End of Period 377,386.00M 340,704.00M 88,782.00M 86,878.00M 78,485.00M 67,638.00M 66,183.00M 54,138.00M 41,174.00M 38,447.00M 46,847.00M 42,115.00M 34,629.44M 35,684.04M 24,184.88M 22,874.66M 20,126.95M 19,042.37M 18,027.94M 19,614.37M 29,198.60M 23,841.39M 17,666.54M
Operating Cash Flow 21,946.00M 35,745.00M 25,915.00M 25,730.00M 34,148.00M 24,951.00M 27,248.00M 30,667.00M 28,174.00M -4,668.00M 20,713.00M 21,372.00M 4,355.70M 22,273.17M 6,816.46M 10,085.93M -749.63M 7,592.68M 7,172.84M 1,006.55M 8,337.08M 1,835.65M 9,764.66M
Capital Expenditure -8,191.00M -12,377.00M -7,401.00M -17,875.00M -10,666.00M -17,863.00M -9,411.00M -7,812.00M -8,972.00M -26,498.00M -7,423.00M -3,593.00M -3,561.07M -24,913.42M -4,740.80M -2,192.46M -1,307.32M -1,665.84M -5,439.80M -15,971.15M -1,720.65M -9,783.91M -1,274.91M
Free Cash Flow 13,755.00M 23,368.00M 18,514.00M 7,855.00M 23,482.00M 7,088.00M 17,837.00M 22,855.00M 19,202.00M -31,166.00M 13,290.00M 17,779.00M 794.63M -2,640.25M 2,075.67M 7,893.47M -2,056.95M 5,926.84M 1,733.05M -14,964.61M 6,616.44M -7,948.26M 8,489.75M

Free Cash Flow

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31 2007-03-31 2006-03-31 2005-03-31
EBITDA 39,019.00M 39,476.00M 39,364.00M 38,270.00M 34,983.00M 30,384.00M 27,811.00M 29,617.00M 28,148.00M 25,455.00M 24,795.00M 33,897.00M 20,283.44M 19,648.78M 15,953.63M 36,804.65M 36,041.18M 33,646.35M 34,968.24M 35,983.32M 10,159.14M 26,790.28M 22,818.68M
(-) Tax Adjustment 12,820.64M 12,241.01M 12,155.77M 12,269.86M 11,223.91M 10,304.77M 8,915.22M 9,556.18M 9,851.80M 8,340.16M 7,569.15M 11,863.95M 7,099.20M 6,877.07M 5,583.77M 12,881.63M 12,614.41M 11,776.22M 12,238.88M 12,594.16M 3,555.70M 9,376.60M 7,986.54M
(-) Change In Working Capital -11,426.00M 3,595.00M -3,991.00M -6,973.00M 6,378.00M 2,493.00M 7,393.00M 10,548.00M 6,784.00M -23,102.00M 2,166.00M 5,979.00M -7,458.99M 8,872.36M -2,650.95M 1,705.25M -8,707.14M -767.22M 1,247.33M -4,364.14M 2,730.44M -4,329.77M 4,147.40M
(-) Capital Expenditure -8,191.00M -12,377.00M -7,401.00M -17,875.00M -10,666.00M -17,863.00M -9,411.00M -7,812.00M -8,972.00M -26,498.00M -7,423.00M -3,593.00M -3,561.07M -24,913.42M -4,740.80M -2,192.46M -1,307.32M -1,665.84M -5,439.80M -15,971.15M -1,720.65M -9,783.91M -1,274.91M
Unlevered Free Cash Flow 29,433.36M 11,262.99M 23,798.23M 15,098.14M 6,715.09M -276.77M 2,091.78M 1,700.82M 2,540.20M 13,718.84M 7,636.85M 12,461.05M 17,082.15M -21,014.08M 8,280.01M 20,025.32M 30,826.58M 20,971.51M 16,042.23M 11,782.14M 2,152.35M 11,959.54M 9,409.84M
(-) Net Interest Income After Taxes -20.14M -0.69M 17.28M -32.61M -136.51M -164.55M -165.10M -167.98M -187.85M -221.21M -238.29M -406.25M -608.25M -515.57M -634.48M -742.18M -697.48M -746.98M -887.06M -812.53M -569.75M -554.51M -609.93M
Net Debt Issuance -1,680.00M -4,597.00M -3,787.00M 7,784.00M -9,133.00M 5,020.00M -1,591.00M -5,523.00M -12,473.00M 26,894.00M -4,721.00M -6,648.00M -4,440.72M 11,681.26M 973.56M -3,786.08M 6,173.72M -2,337.64M -1,849.39M 0.00M 0.00M 13,763.34M -1,634.79M
Levered Free Cash Flow 27,773.50M 6,666.68M 19,993.95M 22,914.75M -2,281.40M 4,907.78M 665.88M -3,654.20M -9,744.95M 40,834.04M 3,154.15M 6,219.30M 13,249.68M -8,817.25M 9,888.05M 16,981.42M 37,697.78M 19,380.86M 15,079.90M 12,594.67M 2,722.10M 26,277.39M 8,384.98M