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Page: Company Financials

Grupo Financiero Banorte, S.A.B. de C.V.

Ticker: GFNORTEO.MX | Industry: Banks - Regional | Sector: Financial Services
$180.04 +0.54 (0.30%)
As of: 2026-01-15

Master Data Export

Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Stock Price 157.14 149.41 151.71 132.74 127.37 82.82 107.14 114.91 114.00 100.98 88.14 86.90 86.84 71.19 48.13 52.40 35.98 38.60 48.24 32.26 20.56
Market Capitalization 480,459.43M 423,484.51M 452,483.88M 375,425.12M 366,717.26M 237,925.14M 306,845.06M 322,037.77M 313,220.21M 278,090.29M 243,834.98M 240,868.04M 215,681.87M 165,581.33M 106,817.91M 105,757.06M 72,586.23M 77,859.67M 97,346.32M 65,138.31M 14,239.65M
(-) Cash & Equivalents 138,293.81M 112,444.53M 111,817.83M 105,945.08M 98,464.25M 101,577.75M 61,399.00M 74,680.74M 65,584.96M 81,131.55M 91,342.89M 71,643.44M 61,300.28M 63,193.25M 48,783.00M 61,742.00M 14,817.00M 13,600.50M 10,402.50M 10,850.75M 10,100.75M
(+) Total Debt 155,733.12M 147,991.17M 130,068.02M 128,067.81M 126,978.25M 140,841.25M 117,831.00M 98,571.87M 61,812.69M 62,144.86M 51,161.56M 54,580.76M 82,862.52M 60,045.16M 33,117.44M 34,853.25M 9,784.00M 14,324.00M 5,536.75M 7,054.25M 6,282.25M
Enterprise Value 497,898.73M 459,031.15M 470,734.07M 397,547.85M 395,231.26M 277,188.64M 363,277.06M 345,928.90M 309,447.94M 259,103.59M 203,653.65M 223,805.35M 237,244.11M 162,433.24M 91,152.35M 78,868.31M 67,553.23M 78,583.17M 92,480.57M 61,341.81M 10,421.15M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31
Revenue 496,429M 147,298M 218,042M 444,716M 179,544M 160,966M 143,656M 138,053M 129,898M 110,527M 118,845M 103,622M 82,930M 75,423M 66,329M 82,032M 55,540M 32,360M 59,529M 25,283M 43,305M 20,223M
Cost of Revenue 272,856M 0M 0M 248,015M 0M 0M 1M -1M 0M 0M 27,383M 23,642M 0M 0M 0M 24,628M 21,113M 0M 27,789M 0M 21,606M 0M
Gross Profit 223,573M 147,298M 218,042M 196,701M 179,544M 160,966M 143,655M 138,054M 129,898M 110,527M 91,462M 79,980M 82,930M 75,423M 66,329M 57,404M 34,427M 32,360M 31,740M 25,283M 21,699M 20,223M
Gross Profit Margin 45.0% 100.0% 100.0% 44.2% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 77.0% 77.2% 100.0% 100.0% 100.0% 70.0% 62.0% 100.0% 53.3% 100.0% 50.1% 100.0%
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
SG&A Expenses 13,322M -8,440M 54,625M 11,524M 10,829M 12,193M 12,003M 11,793M 11,739M 11,150M 9,963M 9,442M 9,058M 7,965M 8,746M 7,700M 17,691M 17,024M 16,687M 14,432M 13,157M 11,579M
Operating Expenses 147,214M 80,102M 124,888M 125,727M 105,221M 105,422M 82,727M 74,459M 70,975M 62,877M 65,251M 56,874M 51,835M 49,777M 44,543M 44,635M 24,260M 17,024M 22,109M 14,432M 12,400M 11,579M
Operating Income (EBIT) 76,359M 67,196M 93,154M 70,974M 74,323M 55,544M 60,928M 63,595M 58,923M 47,650M 26,211M 23,106M 31,095M 25,646M 21,786M 12,769M 10,167M 15,336M 9,631M 10,851M 9,299M 8,644M
Operating Income Margin 15.4% 45.6% 42.7% 16.0% 41.4% 34.5% 42.4% 46.1% 45.4% 43.1% 22.1% 22.3% 37.5% 34.0% 32.8% 15.6% 18.3% 47.4% 16.2% 42.9% 21.5% 42.7%
Interest Income 419,364M 291,884M 405,433M 375,497M 268,628M 133,255M 132,155M 149,109M 136,301M 109,340M 79,058M 68,095M 70,341M 69,427M 63,015M 52,930M 43,845M 45,451M 50,417M 40,585M 36,120M 36,792M
Interest Expense 276,108M 192,718M 266,073M 248,015M 152,469M 40,772M 47,898M 68,693M 60,754M 44,635M 27,383M 23,642M 27,861M 31,456M 30,874M 24,628M 21,113M 22,268M 27,789M 23,201M 21,606M 22,994M
Net Interest Income 143,256M 99,166M 139,360M 127,482M 116,159M 92,483M 84,257M 80,416M 75,547M 64,705M 51,675M 44,453M 42,480M 37,971M 32,141M 28,302M 22,732M 23,183M 22,628M 17,384M 14,514M 13,798M
Unusual Items -143,256M -112,590M -157,182M -127,482M -128,494M -101,932M -104,239M -94,179M -90,420M -79,147M -51,675M -44,453M -52,454M -45,783M -37,724M -28,302M -22,732M -30,597M -22,628M -18,163M -14,514M -14,218M
EBT Excluding Unusual Items 219,615M 166,363M 232,513M 198,456M 190,482M 148,027M 145,185M 144,011M 134,470M 112,355M 77,886M 67,559M 73,575M 63,617M 53,927M 41,071M 32,899M 38,519M 32,259M 28,235M 23,813M 22,442M
Pre-Tax Income 76,359M 53,773M 75,331M 70,974M 61,988M 46,095M 40,946M 49,832M 44,050M 33,208M 26,211M 23,106M 21,121M 17,834M 16,203M 12,769M 10,167M 7,922M 9,631M 10,072M 9,299M 8,224M
Pre-Tax Margin 15.4% 36.5% 34.5% 16.0% 34.5% 28.6% 28.5% 36.1% 33.9% 30.0% 22.1% 22.3% 25.5% 23.6% 24.4% 15.6% 18.3% 24.5% 16.2% 39.8% 21.5% 40.7%
Income Tax Expense 19,902M 13,005M 19,127M 17,832M 15,963M 10,556M 10,049M 12,795M 11,636M 9,048M 6,878M 5,991M 5,668M 3,555M 4,128M 3,399M 2,805M 2,045M 2,520M 3,293M 3,453M 2,357M
Net Income 56,788M 40,330M 56,188M 52,418M 45,408M 35,048M 30,508M 36,528M 31,958M 23,908M 19,308M 17,108M 15,228M 13,508M 10,888M 8,517M 7,362M 6,190M 7,387M 7,136M 6,474M 6,286M
Net Income Margin 11.4% 27.4% 25.8% 11.8% 25.3% 21.8% 21.2% 26.5% 24.6% 21.6% 16.2% 16.5% 18.4% 17.9% 16.4% 10.4% 13.3% 19.1% 12.4% 28.2% 14.9% 31.1%
Depreciation & Amortization 5,466M 4,989M 5,251M 4,485M 4,368M 2,590M 2,287M 2,087M 2,217M 1,688M 1,170M 1,325M 1,262M 1,216M 1,148M 1,549M 1,181M 954M 1,099M 980M 923M 988M
EBITDA 81,825M 72,186M 98,405M 75,459M 78,691M 58,134M 63,215M 65,682M 61,140M 49,338M 27,381M 24,431M 32,357M 26,862M 22,934M 14,318M 11,348M 16,290M 10,730M 11,831M 10,222M 9,632M
EBITDA Margin 16.5% 49.0% 45.1% 17.0% 43.8% 36.1% 44.0% 47.6% 47.1% 44.6% 23.0% 23.6% 39.0% 35.6% 34.6% 17.5% 20.4% 50.3% 18.0% 46.8% 23.6% 47.6%
NOPAT 56,457M 50,945M 69,502M 53,142M 55,184M 42,824M 45,975M 47,266M 43,358M 34,667M 19,333M 17,115M 22,750M 20,534M 16,236M 9,370M 7,362M 11,377M 7,111M 7,303M 5,846M 6,167M
NOPAT Margin 11.4% 34.6% 31.9% 11.9% 30.7% 26.6% 32.0% 34.2% 33.4% 31.4% 16.3% 16.5% 27.4% 27.2% 24.5% 11.4% 13.3% 35.2% 11.9% 28.9% 13.5% 30.5%
Owner's Earnings 51,929M 36,253M 53,168M 47,839M 37,985M 33,115M 25,360M 34,037M 29,674M 20,816M 16,395M 14,472M 12,484M 10,785M 9,238M 5,822M 6,328M 5,697M 7,178M 6,155M 6,070M 7,097M
Owner's Earnings Margin 10.5% 24.6% 24.4% 10.8% 21.2% 20.6% 17.7% 24.7% 22.8% 18.8% 13.8% 14.0% 15.1% 14.3% 13.9% 7.1% 11.4% 17.6% 12.1% 24.3% 14.0% 35.1%
EPS (Basic) 19.67 13.49 20.00 18.00 16.11 12.23 10.70 12.75 11.24 8.69 7.01 6.19 5.49 5.35 4.68 3.79 3.27 2.90 3.48 3.37 3.09 8.60
EPS (Diluted) 19.31 13.64 20.00 18.00 16.11 12.15 10.58 12.69 11.09 8.62 6.96 6.17 5.49 5.35 4.68 3.79 3.27 3.07 3.66 3.54 3.21 9.07
Shares (Basic) 2,942M 2,957M 2,809M 2,912M 2,818M 2,867M 2,851M 2,865M 2,844M 2,750M 2,754M 2,762M 2,773M 2,526M 2,326M 2,249M 2,249M 2,018M 2,017M 2,017M 2,018M 693M
Shares (Diluted) 2,942M 2,957M 2,809M 2,912M 2,818M 2,883M 2,883M 2,879M 2,881M 2,774M 2,774M 2,772M 2,773M 2,526M 2,326M 2,249M 2,249M 2,018M 2,017M 2,017M 2,018M 693M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31
Cash & Cash Equivalents 139,682.00M 136,905.63M 98,704.00M 100,230.00M 108,254.00M 98,842.00M 109,306.00M 62,797.00M 75,637.00M 76,269.00M 65,886.00M 107,848.00M 73,838.00M 61,978.00M 68,480.00M 53,653.00M 59,338.00M 59,268.00M 54,396.00M 41,610.00M 45,054.00M 40,403.00M
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 0.00M 0.00M
Cash & Short-Term Investments 139,682.00M 136,905.63M 98,704.00M 100,230.00M 108,254.00M 98,842.00M 109,306.00M 62,797.00M 75,637.00M 76,269.00M 65,886.00M 107,848.00M 73,838.00M 61,978.00M 68,480.00M 53,653.00M 59,338.00M 59,268.00M 54,396.00M 41,610.00M 45,054.00M 40,403.00M
Net Receivables 59,448.00M 82,357.81M 52,490.00M 41,370.00M 36,982.00M 30,386.00M 39,468.00M 28,442.00M 34,828.00M 40,791.00M 39,163.00M 20,557.00M 15,285.00M 9,069.00M 15,168.00M 12,985.00M 15,556.00M 11,756.00M 10,310.00M 7,617.00M 8,275.00M 3,063.00M
Inventory 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
Other Current Assets 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
Total Current Assets 199,130.00M 219,263.44M 151,194.00M 141,600.00M 145,236.00M 129,228.00M 148,774.00M 91,239.00M 110,465.00M 117,060.00M 105,049.00M 128,405.00M 89,123.00M 71,047.00M 83,648.00M 66,638.00M 74,894.00M 71,024.00M 64,706.00M 49,227.00M 53,329.00M 43,466.00M
Property, Plant & Equipment 36,216.00M 36,027.52M 36,353.00M 34,454.00M 35,897.00M 21,451.00M 32,627.00M 18,763.00M 17,684.00M 18,170.00M 15,829.00M 14,537.00M 12,845.00M 12,033.00M 11,986.00M 11,716.00M 9,316.00M 8,622.00M 8,429.00M 8,098.00M 6,899.00M 5,918.00M
Goodwill 27,905.00M 28,034.33M 28,067.00M 26,825.00M 26,741.00M 26,732.00M 26,720.00M 26,700.00M 24,453.00M 12,644.00M 12,679.00M 16,362.00M 15,771.00M 15,381.00M 15,356.00M 15,689.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 13,879.00M 14,522.08M 14,898.00M 17,270.00M 18,088.00M 0.00M 0.00M 0.00M 4,512.00M 8,589.00M 8,785.00M 8,732.00M 9,265.00M 11,162.00M 6,813.00M 6,970.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 788,820.00M 810,028.13M 1,147,428.00M 1,032,631.00M 940,484.00M 827,080.00M 823,747.00M 773,105.00M 791,123.00M 640,016.00M 615,847.00M 546,817.00M 493,676.00M 454,697.00M 415,558.00M 362,545.00M 209,002.00M 224,578.00M 246,256.00M 195,979.00M 135,897.00M 111,427.00M
Tax Assets 2,244.00M 2,719.61M 5,245.00M 0.00M 3,258.00M 0.00M 0.00M 626.00M 4,318.00M 2,949.00M 3,994.00M 2,785.00M 2,311.00M 0.00M 0.00M 0.00M 1,340.00M 1,411.00M 471.00M 214.00M 0.00M 420.00M
Other Non-Current Assets 1,444,637.00M 1,430,347.29M 1,073,933.00M 1,008,896.00M 883,962.00M 846,388.00M 756,036.00M 669,577.00M 667,915.00M 554,719.00M 505,936.00M 480,838.00M 474,991.00M 442,468.00M 383,206.00M 361,589.00M 295,678.00M 261,503.00M 257,163.00M 33,765.00M 54,865.00M 36,872.00M
Other Assets 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
Total Non-Current Assets 2,313,701.00M 2,321,678.97M 2,305,924.00M 2,120,076.00M 1,908,430.00M 1,721,651.00M 1,639,130.00M 1,488,771.00M 1,510,005.00M 1,237,087.00M 1,163,070.00M 1,070,071.00M 1,008,859.00M 935,741.00M 832,919.00M 758,509.00M 515,336.00M 496,114.00M 512,319.00M 238,056.00M 197,661.00M 154,637.00M
Total Assets 2,512,831.00M 2,540,942.41M 2,457,118.00M 2,261,676.00M 2,053,666.00M 1,850,879.00M 1,787,904.00M 1,580,010.00M 1,620,470.00M 1,354,147.00M 1,268,119.00M 1,198,476.00M 1,097,982.00M 1,006,788.00M 916,567.00M 825,147.00M 590,230.00M 567,138.00M 577,025.00M 287,283.00M 250,990.00M 198,103.00M
Accounts Payable 43,804.00M 51,381.78M 40,649.00M 32,895.00M 29,320.00M 13,404.00M 11,752.00M 12,464.00M 18,788.00M 27,130.00M 17,674.00M 7,541.00M 3,224.00M 4,282.00M 8,413.00M 2,705.00M 189,485.00M 12,485.00M 2,405.00M 10,888.00M 9,999.00M 4,786.00M
Short-Term Debt 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
Tax Payables 5,190.00M 4,979.44M 13,707.00M 10,880.00M 17,504.00M 1,614.00M 4,365.00M 3,588.00M 3,296.00M 3,132.00M 3,114.00M 3,581.00M 7,003.00M 1,555.00M 2,016.00M 530.00M 711.00M 617.00M 374.00M 2,212.00M 1,390.00M 1,773.00M
Deferred Revenue 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
Other Current Liabilities 1,153,357.00M 1,142,087.50M 1,087,776.00M 1,012,596.00M 873,790.00M 777,904.00M 774,296.00M 692,570.00M 677,702.00M 623,992.00M 564,344.00M 556,626.00M 481,274.00M 425,494.00M 320,824.00M 281,515.00M 292,615.00M 274,908.00M 260,769.00M 203,307.00M 175,860.00M 143,159.00M
Total Current Liabilities 1,202,351.00M 1,198,448.72M 1,142,132.00M 1,056,371.00M 920,614.00M 792,922.00M 790,413.00M 708,622.00M 699,786.00M 654,254.00M 585,132.00M 567,748.00M 491,501.00M 431,331.00M 331,253.00M 284,750.00M 482,811.00M 288,010.00M 263,548.00M 216,407.00M 187,249.00M 149,718.00M
Long-Term Debt 151,199.00M 160,267.23M 165,814.00M 130,539.00M 125,455.00M 140,503.00M 140,100.00M 115,968.00M 169,513.00M 82,137.00M 70,122.00M 55,235.00M 64,734.00M 68,285.00M 160,559.00M 140,400.00M 44,250.00M 39,136.00M 57,296.00M 32,943.00M 20,724.00M 25,129.00M
Capital Lease Obligations 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
Deferred Tax Liabilities 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
Other Non-Current Liabilities 924,714.00M 932,887.75M 928,542.00M 849,624.00M 802,475.00M 681,828.00M 636,652.00M 563,010.00M 580,003.00M 473,304.00M 473,278.00M 441,722.00M 424,078.00M 400,036.00M 338,262.00M 324,093.00M 13,653.00M 195,635.00M 216,809.00M 5,989.00M 16,381.00M 2,660.00M
Total Non-Current Liabilities 1,075,913.00M 1,093,154.98M 1,094,356.00M 980,163.00M 927,930.00M 822,331.00M 776,752.00M 678,978.00M 749,516.00M 555,441.00M 543,400.00M 496,957.00M 488,812.00M 468,321.00M 498,821.00M 464,493.00M 57,903.00M 234,771.00M 274,105.00M 38,932.00M 37,105.00M 27,789.00M
Total Liabilities 2,278,264.00M 2,291,603.70M 2,236,488.00M 2,036,534.00M 1,848,544.00M 1,615,253.00M 1,567,165.00M 1,387,600.00M 1,449,302.00M 1,209,695.00M 1,128,532.00M 1,064,705.00M 980,313.00M 899,652.00M 830,074.00M 749,243.00M 540,714.00M 522,781.00M 537,653.00M 255,339.00M 224,354.00M 177,507.00M
Preferred Stock 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
Common Stock 14,719.00M 9,770.66M 14,711.00M 14,988.00M 14,955.00M 14,957.00M 14,919.00M 14,992.00M 14,962.00M 14,591.00M 14,574.00M 14,606.00M 14,632.00M 14,652.00M 13,072.00M 13,050.00M 11,971.00M 11,956.00M 11,941.00M 11,965.00M 12,020.00M 11,581.00M
Retained Earnings 158,987.00M 184,028.50M 170,319.00M 155,928.00M 145,218.00M 165,124.00M 149,281.00M 126,612.00M 108,508.00M 95,202.00M 87,800.00M 79,968.00M 65,635.00M 52,811.00M 48,532.00M 39,090.00M 32,197.00M 26,535.00M 23,949.00M 28,189.00M 22,672.00M 16,873.00M
Accumulated OCI 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
Minority Interest -1,475.00M -921.26M -981.00M -148.00M 2,989.00M 3,006.00M 2,862.00M 2,281.00M 2,185.00M 1,832.00M 1,955.00M 1,900.00M 1,750.00M 2,034.00M 6,628.00M 5,585.00M 4,110.00M 3,608.00M 1,944.00M 1,667.00M 1,446.00M 1,020.00M
Total Shareholders’ Equity 173,706.00M 193,799.15M 185,030.00M 170,916.00M 160,173.00M 180,081.00M 164,200.00M 141,604.00M 123,470.00M 109,793.00M 102,374.00M 94,574.00M 80,267.00M 67,463.00M 61,604.00M 52,140.00M 44,168.00M 38,491.00M 35,890.00M 40,154.00M 34,692.00M 28,454.00M
Total Equity 172,231.00M 192,877.89M 184,049.00M 170,768.00M 163,162.00M 183,087.00M 167,062.00M 143,885.00M 125,655.00M 111,625.00M 104,329.00M 96,474.00M 82,017.00M 69,497.00M 68,232.00M 57,725.00M 48,278.00M 42,099.00M 37,834.00M 41,821.00M 36,138.00M 29,474.00M
Total Liabilities & Equity 2,450,495.00M 2,484,481.59M 2,420,537.00M 2,207,302.00M 2,011,706.00M 1,798,340.00M 1,734,227.00M 1,531,485.00M 1,574,957.00M 1,321,320.00M 1,232,861.00M 1,161,179.00M 1,062,330.00M 969,149.00M 898,306.00M 806,968.00M 588,992.00M 564,880.00M 575,487.00M 297,160.00M 260,492.00M 206,981.00M
Tangible Assets 2,471,047.00M 2,498,385.99M 2,414,153.00M 2,217,581.00M 2,008,837.00M 1,824,147.00M 1,761,184.00M 1,553,310.00M 1,591,505.00M 1,332,914.00M 1,246,655.00M 1,173,382.00M 1,072,946.00M 980,245.00M 894,398.00M 802,488.00M 590,230.00M 567,138.00M 577,025.00M 287,283.00M 250,990.00M 198,103.00M
Tangible Equity 130,447.00M 150,321.48M 141,084.00M 126,673.00M 118,333.00M 156,355.00M 140,342.00M 117,185.00M 96,690.00M 90,392.00M 82,865.00M 71,380.00M 56,981.00M 42,954.00M 46,063.00M 35,066.00M 48,278.00M 42,099.00M 37,834.00M 41,821.00M 36,138.00M 29,474.00M
Tangible Book Value 130,447.00M 150,321.48M 141,084.00M 126,673.00M 118,333.00M 156,355.00M 140,342.00M 117,185.00M 96,690.00M 90,392.00M 82,865.00M 71,380.00M 56,981.00M 42,954.00M 46,063.00M 35,066.00M 48,278.00M 42,099.00M 37,834.00M 41,821.00M 36,138.00M 29,474.00M
Total Investments 788,820.00M 810,028.13M 1,147,428.00M 1,032,631.00M 940,484.00M 827,080.00M 823,747.00M 773,105.00M 791,123.00M 640,016.00M 615,847.00M 546,817.00M 493,676.00M 454,697.00M 415,558.00M 362,545.00M 209,002.00M 224,578.00M 246,256.00M 195,979.00M 135,897.00M 111,427.00M
Net Debt 11,517.00M 23,361.60M 67,110.00M 30,309.00M 17,201.00M 41,661.00M 30,794.00M 53,171.00M 93,876.00M 5,868.00M 4,236.00M -52,613.00M -9,104.00M 6,307.00M 92,079.00M 86,747.00M -15,088.00M -20,132.00M 2,900.00M -8,667.00M -24,330.00M -15,274.00M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31
Working Capital -986,381.0M -962,389.1M -963,140.0M -890,708.0M -741,468.0M -662,080.0M -637,274.0M -613,795.0M -586,025.0M -534,062.0M -476,969.0M -435,762.0M -395,375.0M -358,729.0M -245,589.0M -217,582.0M -407,206.0M -216,369.0M -198,468.0M -164,968.0M -132,530.0M -104,479.0M
Total Capital 404,081.0M 427,323.4M 415,223.0M 379,892.0M 361,498.0M 374,737.0M 362,342.0M 309,685.0M 341,792.0M 227,889.0M 210,868.0M 190,687.0M 187,656.0M 174,942.0M 242,440.0M 211,249.0M 90,367.0M 80,502.0M 95,098.0M 65,432.0M 47,304.0M 46,478.0M
Capital Employed 1,327,320.0M 1,359,289.9M 1,342,784.0M 1,229,368.0M 1,166,962.0M 1,059,571.0M 1,001,856.0M 874,976.0M 923,980.0M 703,025.0M 686,101.0M 634,309.0M 613,484.0M 577,012.0M 587,330.0M 540,927.0M 108,130.0M 279,745.0M 313,851.0M 73,088.0M 65,131.0M 50,158.0M
Invested Capital 264,399.0M 290,417.7M 316,519.0M 279,662.0M 253,244.0M 275,895.0M 253,036.0M 246,888.0M 266,155.0M 151,620.0M 144,982.0M 82,839.0M 113,818.0M 112,964.0M 173,960.0M 157,596.0M 31,029.0M 21,234.0M 40,702.0M 23,822.0M 2,250.0M 6,075.0M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31
Net Income 77,738.96M 73,898.65M 75,330.96M 70,974.00M 61,988.00M 35,048.00M 30,508.00M 36,528.00M 31,958.00M 23,908.00M 19,308.00M 17,108.00M 15,228.00M 13,508.00M 10,888.00M 9,569.00M 7,362.00M 6,190.00M 7,387.00M 7,136.00M 6,168.00M 6,286.00M
Depreciation & Amortization 5,466.34M 4,989.41M 5,251.34M 4,485.00M 4,368.00M 2,590.00M 2,287.00M 2,087.00M 2,217.00M 1,688.00M 1,170.00M 1,372.00M 1,262.00M 1,216.00M 1,148.00M 1,596.00M 1,181.00M 954.00M 1,099.00M 980.00M 888.00M 988.00M
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
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
Change in Working Capital -87,380.30M -12,994.41M -113,987.30M -6,023.00M 18,343.00M -56,825.00M 2,594.00M -50,915.00M -53,474.00M -12,926.00M -61,903.00M 22,538.00M -19,387.00M -29,705.00M -6,855.00M -27,243.00M -3,668.00M -8,236.00M -6,366.00M -10,708.00M -3,196.00M -10,328.00M
Accounts Receivable 8,458.47M -3,894.59M -11,341.53M -2,274.00M 0.00M 0.00M 13.00M 0.00M 0.00M 0.00M 0.00M 1,170.00M 0.00M 0.00M 424.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 842.00M
Inventory -503.77M 421.31M -280.77M 37.00M 51.00M 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
Accounts Payable 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
Other Working Capital -95,335.00M -9,521.13M -102,365.00M -3,786.00M 18,292.00M -56,825.00M 2,581.00M -50,915.00M -53,474.00M -12,926.00M -61,903.00M 21,368.00M -19,387.00M -29,705.00M -7,279.00M -27,243.00M -3,668.00M -8,236.00M -6,366.00M -10,708.00M -3,196.00M -11,170.00M
Other Non-Cash Items 59,368.70M -14,294.04M 61,487.70M -17,524.00M -8,094.00M 30,321.00M 19,318.00M 19,257.00M 14,755.00M 12,346.00M 9,869.00M -1,321.00M 16,749.00M 6,801.00M 13,877.00M 10,106.00M 1,232.00M 8,078.00M 6,125.00M 4,043.00M 1,667.00M 2,958.00M
Net Cash from Operating Activities 55,193.71M 51,599.61M 28,082.71M 51,912.00M 76,605.00M 11,134.00M 54,707.00M 6,957.00M -4,544.00M 25,016.00M -31,556.00M 39,697.00M 13,852.00M -8,180.00M 19,058.00M -5,972.00M 6,107.00M 6,986.00M 8,245.00M 1,451.00M 5,527.00M -96.00M
Capital Expenditures (PPE) -10,324.51M -9,066.56M -8,271.51M -9,064.00M -11,791.00M -4,523.00M -7,435.00M -4,578.00M -4,501.00M -4,780.00M -4,083.00M -3,961.00M -4,006.00M -3,939.00M -2,798.00M -3,318.00M -2,215.00M -1,447.00M -1,308.00M -1,961.00M -1,327.00M -177.00M
Acquisitions (Net) -0.13M -3.01M -3.13M -94.00M -914.00M 4.00M -139.00M -33.00M -1.00M 3,195.00M 0.00M -71.00M 409.00M -26,308.00M -1,727.00M -3,002.00M -102.00M -183.00M 0.00M 0.00M 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 -2.00M -71.00M 0.00M -1.00M 0.00M 0.00M 0.00M -1.00M -644.00M 0.00M -348.00M -671.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 183.00M 1.00M 1.00M 0.00M 353.00M 0.00M 0.00M
Other Investing Activities 6,099.68M 5,650.05M 4,304.68M 4,894.00M 2,779.00M 3,337.00M 4,853.00M 2,671.00M 20,058.00M 3,106.00M 2,147.00M 2,493.00M 3,136.00M 3,186.00M 1,586.00M 5,743.00M 531.00M 394.00M -4,333.00M 238.00M -11,256.00M 29.00M
Net Cash from Investing Activities -4,224.96M -3,419.52M -3,969.96M -4,264.00M -9,926.00M -1,182.00M -2,721.00M -1,940.00M 15,556.00M 1,521.00M -1,938.00M -1,610.00M -461.00M -27,062.00M -2,939.00M -394.00M -1,785.00M -1,236.00M -6,285.00M -1,370.00M -12,931.00M -819.00M
Net Debt Issuance 3,176.73M -4,138.65M 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 10,403.00M -1,969.00M 11,280.00M -198.00M
Long-Term Debt Issuance 3,176.73M -4,138.65M 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 10,403.00M -418.00M 4,443.00M -198.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1,551.00M 6,837.00M 0.00M
Net Stock Issuance -12,810.89M -11,143.00M -16,540.89M -3,988.00M -5,810.00M 0.00M -2,146.00M 108.00M -855.00M -1,181.00M -1,394.00M -1,551.00M -549.00M 437.00M 33.00M 461.00M 69.00M -451.00M 103.00M -639.00M 31.00M -680.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 108.00M 0.00M 0.00M 0.00M 0.00M 0.00M 31,637.00M 33.00M 461.00M 69.00M 0.00M 103.00M 0.00M 31.00M 0.00M
Common Stock Repurchased -12,810.89M -11,143.00M -16,540.89M -3,988.00M -5,810.00M 0.00M -2,146.00M 0.00M -855.00M -1,181.00M -1,394.00M -1,551.00M 0.00M 0.00M 0.00M 0.00M 0.00M -451.00M 0.00M -639.00M 0.00M -680.00M
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
Net Dividends Paid -9,961.84M -14,999.96M -35,937.84M -37,704.00M -34,283.00M -16,759.00M 0.00M -15,954.00M -9,563.00M -14,645.00M -7,229.00M -2,787.00M -1,218.00M -2,911.00M -1,240.00M -1,157.00M -1,029.00M -364.00M -949.00M -917.00M -792.00M 0.00M
Common Dividends Paid -9,961.84M -14,999.96M -35,937.84M -37,704.00M -34,283.00M -16,759.00M 0.00M -15,954.00M -9,563.00M -14,645.00M -7,229.00M -2,787.00M -1,218.00M -2,911.00M -1,240.00M -1,157.00M -1,029.00M -364.00M -949.00M -917.00M -792.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -17,541.36M -22,736.92M 26,539.37M -13,831.00M -17,119.00M -3,689.00M -3,342.00M -1,983.00M -1,225.00M -301.00M 0.00M 0.00M 0.00M 31,200.00M 0.00M 0.00M 0.00M 0.00M 1,269.00M 0.00M 0.00M 0.00M
Net Cash from Financing Activities -37,137.36M -53,018.53M -25,939.36M -55,523.00M -57,212.00M -20,448.00M -5,488.00M -17,829.00M -11,643.00M -16,127.00M -8,623.00M -4,338.00M -1,767.00M 28,726.00M -1,207.00M -696.00M -960.00M -815.00M 10,826.00M -3,525.00M 10,519.00M -878.00M
Effect of FX on Cash -42.85M 164.88M 301.15M -149.00M -55.00M 32.00M 11.00M -28.00M -1.00M -27.00M 155.00M 261.00M 236.00M 14.00M -85.00M 162.00M -133.00M -63.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 13,788.00M -4,673.89M -1,525.46M -8,024.00M 9,412.00M -10,464.00M 46,509.00M -12,840.00M -632.00M 10,383.00M -41,962.00M 34,010.00M 11,860.00M -6,502.00M 14,827.00M -4,840.00M 3,229.00M 4,872.00M 12,786.00M -3,444.00M 3,115.00M -1,793.00M
Cash at Beginning of Period 461,611.63M 465,092.55M 100,229.92M 108,254.00M 98,842.00M 109,306.00M 62,797.00M 75,637.00M 76,269.00M 65,886.00M 107,848.00M 73,838.00M 61,978.00M 68,480.00M 53,653.00M 59,338.00M 59,268.00M 54,396.00M 41,610.00M 45,054.00M 41,939.00M 42,196.00M
Cash at End of Period 475,399.63M 460,418.66M 98,704.45M 100,230.00M 108,254.00M 98,842.00M 109,306.00M 62,797.00M 75,637.00M 76,269.00M 65,886.00M 107,848.00M 73,838.00M 61,978.00M 68,480.00M 53,968.00M 62,497.00M 59,268.00M 54,396.00M 41,610.00M 45,054.00M 40,403.00M
Operating Cash Flow 55,193.71M 51,599.61M 28,082.71M 51,912.00M 76,605.00M 11,134.00M 54,707.00M 6,957.00M -4,544.00M 25,016.00M -31,556.00M 39,697.00M 13,852.00M -8,180.00M 19,058.00M -5,972.00M 6,107.00M 6,986.00M 8,251.00M 1,451.00M 3,023.00M -96.00M
Capital Expenditure -10,324.51M -9,066.56M -8,271.51M -9,064.00M -11,791.00M -4,523.00M -7,435.00M -4,578.00M -4,501.00M -4,780.00M -4,083.00M -3,961.00M -4,006.00M -3,939.00M -2,798.00M -4,244.00M -2,215.00M -1,447.00M -1,308.00M -1,961.00M -1,327.00M -177.00M
Free Cash Flow 44,869.20M 42,533.06M 19,811.20M 42,848.00M 64,814.00M 6,611.00M 47,272.00M 2,379.00M -9,045.00M 20,236.00M -35,639.00M 35,736.00M 9,846.00M -12,119.00M 16,260.00M -10,216.00M 3,892.00M 5,539.00M 6,943.00M -510.00M 1,696.00M -273.00M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31
EBITDA 215,717.00M 160,727.51M 168,668.46M 189,662.00M 173,083.00M 151,363.00M 133,939.00M 128,348.00M 120,376.00M 101,065.00M 82,669.00M 71,863.00M 75,134.00M 68,674.00M 58,731.00M 51,253.00M 17,917.00M 16,290.00M 16,152.00M 11,831.00M 9,465.00M 9,632.00M
(-) Tax Adjustment 56,223.89M 38,870.91M 42,824.92M 47,652.00M 44,571.92M 34,662.93M 32,871.42M 32,954.98M 31,797.85M 27,536.62M 21,693.08M 18,632.88M 20,162.85M 13,689.36M 14,962.76M 13,643.12M 4,943.17M 4,205.13M 4,226.25M 3,868.10M 3,312.75M 2,760.53M
(-) Change In Working Capital -87,380.30M -12,994.41M -113,987.30M -6,023.00M 18,343.00M -56,825.00M 2,594.00M -50,915.00M -53,474.00M -12,926.00M -61,903.00M 22,538.00M -19,387.00M -29,705.00M -6,855.00M -27,243.00M -3,668.00M -8,236.00M -6,366.00M -10,708.00M -3,196.00M -10,328.00M
(-) Capital Expenditure -10,324.51M -9,066.56M -8,271.51M -9,064.00M -11,791.00M -4,523.00M -7,435.00M -4,578.00M -4,501.00M -4,780.00M -4,083.00M -3,961.00M -4,006.00M -3,939.00M -2,798.00M -4,244.00M -2,215.00M -1,447.00M -1,308.00M -1,961.00M -1,327.00M -177.00M
Unlevered Free Cash Flow 236,548.90M 125,784.45M 231,559.33M 138,969.00M 98,377.08M 169,002.07M 91,038.58M 141,730.02M 137,551.15M 81,674.38M 118,795.92M 26,731.12M 70,352.15M 80,750.64M 47,825.24M 60,608.88M 14,426.83M 18,873.87M 16,983.75M 16,709.90M 8,021.25M 17,022.47M
(-) Net Interest Income After Taxes 105,918.15M 75,183.54M 103,976.17M 95,452.54M 86,246.01M 71,303.90M 63,578.58M 59,768.17M 55,590.93M 47,075.19M 38,115.02M 32,927.08M 31,080.13M 30,401.92M 23,952.51M 20,768.25M 16,460.41M 17,198.50M 16,707.27M 11,700.37M 9,434.10M 9,843.49M
Net Debt Issuance 3,176.73M -4,138.65M 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 10,403.00M -1,969.00M 11,280.00M -198.00M
Levered Free Cash Flow 133,807.48M 46,462.26M 127,583.16M 43,516.47M 12,131.07M 97,698.17M 27,460.00M 81,961.85M 81,960.22M 34,599.19M 80,680.90M -6,195.96M 39,272.02M 50,348.71M 23,872.73M 39,840.64M -2,033.58M 1,675.37M 10,679.48M 3,040.53M 9,867.15M 6,980.98M