| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $1.86B | $2.28B | $3.15B | $2.01B | $2.10B +12.9% | $2.54B +11.1% | $3.43B +9.0% | $2.06B +2.6% | Strengthening |
| Operating Profit | $383.70M | $590.90M | $937.50M | $404.90M | $449.60M +17.2% | $452.90M -23.4% | $980.00M +4.5% | $432.80M +6.9% | Weakening |
| Net Profit | — | — | — | — | — | — | — | — | — |
| EPS | — | — | — | — | — | — | — | — | — |
| Other Income | -$113.50M | -$76.70M | -$151.30M | -$142.40M | -$145.00M -27.8% | -$132.70M -73.0% | -$120.80M +20.2% | -$104.80M +26.4% | Weakening |
| Interest | $204.20M | $218.50M | $223.00M | $220.80M | $223.60M +9.5% | $227.70M +4.2% | $228.50M +2.5% | $228.90M +3.7% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | $270.20M | $514.20M | $786.20M | $262.50M | $304.60M +12.7% | $320.20M -37.7% | $859.20M +9.3% | $328.00M +25.0% | Stable |
| MarginsOPM | 20.6% | 25.9% | 29.8% | 20.1% | 21.4% +3.8% | 17.9% -31.0% | 28.5% -4.1% | 21.0% +4.2% | Weakening |
| Tax | 11.7% | 11.9% | 7.7% | 7.4% | 11.3% -3.5% | 1.1% -91.1% | 6.2% -19.9% | 8.2% +10.8% | Weakening |
| ReturnsROIC | — | — | — | — | — | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $84.50M | $37.50M | $24.80M | $16.30M | $28.90M | $42.90M | $9.80M | $27.60M | $50.00M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $2.25B | $2.09B | $2.08B | $2.66B | $3.19B | $2.80B | $2.91B | $3.28B | $2.78B |
| Net PP&E | $22.00B | $23.66B | $25.73B | $27.00B | $29.13B | $31.61B | $34.68B | $38.35B | $39.83B |
| Goodwill | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B |
| Intangibles | — | — | — | — | — | — | — | $17.40M | $18.60M |
| Total Assets | $33.48B | $34.95B | $37.03B | $38.99B | $41.87B | $43.94B | $47.36B | $51.52B | $52.75B |
| LiabilitiesTotal Current Liabilities | $3.33B | $3.18B | $4.15B | $3.75B | $4.61B | $5.11B | $4.84B | $5.59B | $5.21B |
| Short-Term Debt | $360.10M | $686.90M | $777.70M | $91.00M | $808.50M | $1.26B | $1.73B | $1.52B | $1.41B |
| Long-Term Debt | $9.98B | $11.17B | $11.67B | $13.47B | $14.66B | $15.37B | $17.18B | $18.50B | $19.22B |
| Long-Term Leases | — | $37.00M | — | $29.10M | $25.40M | $38.80M | $37.50M | $73.00M | — |
| Total Liabilities | $23.63B | $24.70B | $26.37B | $27.88B | $30.26B | $31.87B | $34.56B | $37.47B | $38.18B |
| EquityCommon Stock & APIC | $3.20M | $3.20M | $3.20M | $3.20M | $3.20M | $3.20M | $3.20M | $3.30M | $3.30M |
| Retained Earnings | $5.54B | $5.93B | $6.33B | $6.78B | $7.27B | $7.61B | $8.08B | $8.49B | $8.98B |
| Total Equity | $9.84B | $10.25B | $10.66B | $11.11B | $11.62B | $12.07B | $12.80B | $14.05B | $14.57B |
| HighlightsNet Cash / (Debt) | -$10.25B | -$11.82B | -$12.43B | -$13.55B | -$15.44B | -$16.59B | -$18.90B | -$19.99B | -$20.58B |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | $2.45B | $2.35B | $2.20B | $2.03B | $2.06B | $3.02B | $3.21B | $3.38B | $3.57B |
| Cash from Investing | -$2.38B | -$2.49B | -$2.81B | -$2.31B | -$2.64B | -$3.56B | -$3.80B | -$4.87B | -$5.10B |
| Cash from Financing | $26.40M | $85.60M | $601.10M | $294.00M | $676.40M | $522.80M | $467.70M | $1.52B | $1.55B |
| SummaryCapital Expenditure | -$2.42B | -$2.53B | -$2.87B | -$2.37B | -$2.70B | -$2.49B | -$2.78B | -$4.40B | — |
| Free Cash Flow | $28.40M | -$183.50M | -$678.30M | -$340.00M | -$636.20M | $525.50M | $430.70M | -$1.02B | — |
| FCF Margin | 0.4% | -2.4% | -9.4% | -4.1% | -6.6% | 5.9% | 5.0% | -10.4% | — |