Page: Company Financials
Argosy Research Inc.
$159.00
-3.00 (-1.85%)
As of: 2026-01-29
Master Data Export
Enterprise Value
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Stock Price | 155.00 | 165.00 | 137.88 |
| Market Capitalization | 13,972.10M | 14,864.18M | 12,380.04M |
| (-) Cash & Equivalents | 2,010.41M | 1,575.05M | 1,373.64M |
| (+) Total Debt | 13.44M | 15.02M | 15.88M |
| Enterprise Value | 11,975.13M | 13,304.15M | 11,022.28M |
Income Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,976M | 3,171M | 3,473M | 3,004M | 2,608M | 3,016M | 2,598M | 2,193M |
| Cost of Revenue | 1,976M | 1,607M | 1,736M | 1,602M | 1,583M | 1,746M | 1,350M | 1,221M |
| Gross Profit | 2,000M | 1,563M | 1,738M | 1,401M | 1,025M | 1,270M | 1,248M | 972M |
| Gross Profit Margin | 50.3% | 49.3% | 50.0% | 46.7% | 39.3% | 42.1% | 48.0% | 44.3% |
| R&D Expenses | 237M | 213M | 226M | 195M | 184M | 176M | 155M | 143M |
| SG&A Expenses | 473M | 402M | 450M | 380M | 301M | 309M | 313M | 288M |
| Operating Expenses | 715M | 615M | 676M | 575M | 485M | 485M | 468M | 431M |
| Operating Income (EBIT) | 1,285M | 949M | 1,061M | 827M | 540M | 785M | 780M | 541M |
| Operating Income Margin | 32.3% | 29.9% | 30.6% | 27.5% | 20.7% | 26.0% | 30.0% | 24.7% |
| Interest Income | 26M | 25M | 27M | 19M | 10M | 5M | 4M | 3M |
| Interest Expense | 0M | 1M | 0M | 1M | 0M | 0M | 0M | 2M |
| Net Interest Income | 26M | 24M | 26M | 18M | 10M | 5M | 3M | 1M |
| Unusual Items | 32M | 151M | 177M | 79M | 211M | 16M | -23M | 20M |
| EBT Excluding Unusual Items | 1,311M | 973M | 1,088M | 845M | 550M | 790M | 783M | 542M |
| Pre-Tax Income | 1,344M | 1,124M | 1,265M | 924M | 761M | 806M | 760M | 562M |
| Pre-Tax Margin | 33.8% | 35.4% | 36.4% | 30.8% | 29.2% | 26.7% | 29.2% | 25.6% |
| Income Tax Expense | 279M | 226M | 252M | 195M | 150M | 167M | 148M | 124M |
| Net Income | 1,065M | 898M | 1,013M | 729M | 611M | 640M | 612M | 439M |
| Net Income Margin | 26.8% | 28.3% | 29.2% | 24.3% | 23.4% | 21.2% | 23.5% | 20.0% |
| Depreciation & Amortization | 134M | 139M | 139M | 133M | 130M | 116M | 102M | 98M |
| EBITDA | 1,419M | 1,087M | 1,201M | 960M | 670M | 901M | 882M | 639M |
| EBITDA Margin | 35.7% | 34.3% | 34.6% | 32.0% | 25.7% | 29.9% | 33.9% | 29.1% |
| NOPAT | 1,019M | 758M | 850M | 652M | 433M | 622M | 628M | 421M |
| NOPAT Margin | 25.6% | 23.9% | 24.5% | 21.7% | 16.6% | 20.6% | 24.2% | 19.2% |
| Owner's Earnings | 1,028M | 858M | 1,014M | 641M | 594M | 416M | 544M | 450M |
| Owner's Earnings Margin | 25.8% | 27.0% | 29.2% | 21.3% | 22.8% | 13.8% | 20.9% | 20.5% |
| EPS (Basic) | 11.81 | 9.98 | 11.24 | 8.11 | 6.80 | 7.11 | 7.20 | 5.34 |
| EPS (Diluted) | 11.82 | 9.98 | 11.25 | 8.11 | 6.80 | 7.11 | 7.20 | 5.34 |
| Shares (Basic) | 90M | 90M | 90M | 90M | 90M | 90M | 85M | 82M |
| Shares (Diluted) | 90M | 90M | 90M | 90M | 90M | 90M | 85M | 82M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 1,983.67M | 2,037.14M | 1,692.68M | 1,370.73M | 1,299.41M | 1,170.83M | 1,153.24M | 0.00M |
| Short-Term Investments | 32.10M | 26.20M | 25.60M | 10.28M | 8.89M | 10.45M | 310.57M | 0.00M |
| Cash & Short-Term Investments | 2,015.77M | 2,063.34M | 1,718.28M | 1,381.01M | 1,308.30M | 1,181.28M | 1,463.81M | 0.00M |
| Net Receivables | 1,217.57M | 1,171.83M | 1,302.71M | 1,060.05M | 868.69M | 1,063.12M | 849.54M | 825.31M |
| Inventory | 540.04M | 607.67M | 572.80M | 490.75M | 436.95M | 503.42M | 426.83M | 0.00M |
| Other Current Assets | 33.88M | 35.44M | 32.27M | 66.00M | 54.57M | 34.98M | 62.01M | 39.39M |
| Total Current Assets | 3,807.27M | 3,878.27M | 3,626.05M | 2,997.81M | 2,668.51M | 2,782.80M | 2,802.20M | 864.70M |
| Property, Plant & Equipment | 897.49M | 956.90M | 936.91M | 900.63M | 855.49M | 811.13M | 635.22M | 0.00M |
| Goodwill | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Intangible Assets | 10.00M | 10.00M | 10.00M | 10.00M | 10.00M | 10.00M | 10.23M | 0.00M |
| Long-Term Investments | 1,115.96M | 1,253.32M | 1,258.41M | 1,381.89M | 1,250.59M | 1,280.54M | 637.13M | 0.00M |
| Tax Assets | 23.00M | 16.58M | 19.87M | 18.98M | 14.95M | 13.58M | 14.99M | 0.00M |
| Other Non-Current Assets | 15.58M | 40.65M | 41.24M | 15.64M | 25.53M | 26.19M | 311.31M | 0.00M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 2,062.03M | 2,277.45M | 2,266.43M | 2,327.14M | 2,156.56M | 2,141.44M | 1,608.88M | 0.00M |
| Total Assets | 5,869.29M | 6,155.72M | 5,892.49M | 5,324.95M | 4,825.07M | 4,924.24M | 4,411.07M | 864.70M |
| Accounts Payable | 202.03M | 209.37M | 231.56M | 182.07M | 132.79M | 217.09M | 188.36M | 206.35M |
| Short-Term Debt | 6.79M | 0.00M | 0.00M | 0.00M | 30.00M | 0.00M | 0.00M | 60.00M |
| Tax Payables | 126.82M | 241.56M | 178.98M | 153.27M | 154.11M | 152.94M | 136.41M | 0.00M |
| Deferred Revenue | 0.00M | 0.00M | 0.00M | 0.00M | 670.97M | 700.86M | 622.83M | 0.00M |
| Other Current Liabilities | 54.29M | 80.36M | 96.01M | 56.83M | 527.20M | -150.69M | -146.26M | 328.53M |
| Total Current Liabilities | 389.93M | 531.29M | 506.55M | 392.17M | 1,515.07M | 920.20M | 801.33M | 594.87M |
| Long-Term Debt | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Capital Lease Obligations | 13.44M | 13.43M | 15.20M | 16.76M | 19.90M | 9.13M | 12.32M | 0.00M |
| Deferred Tax Liabilities | 76.46M | 77.15M | 73.35M | 100.70M | 73.00M | 72.59M | 68.17M | 0.00M |
| Other Non-Current Liabilities | 0.03M | 0.03M | 0.03M | 0.04M | 0.04M | 0.04M | 0.24M | 0.23M |
| Total Non-Current Liabilities | 89.93M | 90.61M | 88.58M | 117.50M | 92.94M | 81.75M | 80.72M | 0.23M |
| Total Liabilities | 479.85M | 621.90M | 595.14M | 509.67M | 1,608.01M | 1,001.96M | 882.06M | 595.10M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 901.04M | 901.04M | 901.04M | 901.04M | 901.04M | 901.04M | 901.04M | 0.00M |
| Retained Earnings | 1,010.56M | 1,697.47M | 1,430.66M | 1,064.30M | 875.83M | 833.77M | 762.96M | 0.00M |
| Accumulated OCI | 0.00M | 0.00M | 1,509.03M | 1,526.24M | 0.00M | 0.00M | 0.00M | 0.00M |
| Minority Interest | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 1.18M | 1.16M |
| Total Shareholders’ Equity | 1,911.60M | 2,598.52M | 3,840.73M | 3,491.58M | 1,776.87M | 1,734.81M | 1,664.01M | 0.00M |
| Total Equity | 1,911.60M | 2,598.52M | 3,840.73M | 3,491.58M | 1,776.87M | 1,734.81M | 1,665.18M | 1.16M |
| Total Liabilities & Equity | 2,391.46M | 3,220.42M | 4,435.87M | 4,001.25M | 3,384.89M | 2,736.77M | 2,547.24M | 596.26M |
| Tangible Assets | 5,859.29M | 6,145.72M | 5,882.49M | 5,314.95M | 4,815.07M | 4,914.24M | 4,400.85M | 864.70M |
| Tangible Equity | 1,901.60M | 2,588.52M | 3,830.73M | 3,481.58M | 1,766.87M | 1,724.81M | 1,654.96M | 1.16M |
| Tangible Book Value | 1,901.60M | 2,588.52M | 3,830.73M | 3,481.58M | 1,766.87M | 1,724.81M | 1,654.96M | 1.16M |
| Total Investments | 1,115.96M | 1,279.52M | 1,284.01M | 1,392.17M | 1,259.49M | 1,290.99M | 947.70M | 0.00M |
| Net Debt | -1,976.89M | -2,037.14M | -1,692.68M | -1,370.73M | -1,269.41M | -1,170.83M | -1,153.24M | 60.00M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Working Capital | 1,991.6M | 2,691.6M | 2,461.0M | 2,080.4M | 1,795.1M | 1,836.8M | 1,945.6M | 0.0M |
| Total Capital | 3,983.9M | 4,898.5M | 4,661.0M | 4,313.4M | 3,916.7M | 3,910.3M | 3,490.2M | 0.0M |
| Capital Employed | 4,053.6M | 4,969.0M | 4,727.5M | 4,407.6M | 3,951.6M | 3,978.3M | 3,554.5M | 0.0M |
| Invested Capital | 2,000.3M | 2,861.4M | 2,968.3M | 2,942.6M | 2,617.3M | 2,739.5M | 2,337.0M | 0.0M |
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 |
|---|---|---|---|---|---|---|---|---|
| Net Income | 1,343.77M | 1,061.88M | 1,265.38M | 924.13M | 760.63M | 805.83M | 759.63M | 562.22M |
| Depreciation & Amortization | 133.95M | 138.60M | 139.44M | 132.87M | 130.43M | 115.97M | 101.53M | 104.25M |
| Deferred Income Tax | 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 | 20.69M | 0.08M | 0.00M | 22.40M | 0.00M |
| Change in Working Capital | -74.79M | -146.71M | -110.28M | -144.69M | 133.59M | -198.62M | -54.43M | -22.93M |
| Accounts Receivable | -193.03M | -79.07M | -246.73M | -191.46M | 0.00M | 0.00M | 0.00M | -141.25M |
| Inventory | -32.09M | -106.51M | -82.05M | -53.80M | 66.47M | -76.60M | -140.31M | 0.70M |
| Accounts Payable | -19.46M | 36.05M | 49.49M | 49.28M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Working Capital | 170.03M | 5.46M | 169.01M | 51.29M | 0.00M | 0.00M | 0.00M | 117.62M |
| Other Non-Cash Items | -292.54M | -105.91M | -282.82M | -168.27M | -9.97M | -4.61M | -3.03M | -71.50M |
| Net Cash from Operating Activities | 1,110.41M | 910.00M | 1,011.73M | 764.74M | 876.97M | 595.58M | 738.04M | 572.04M |
| Capital Expenditures (PPE) | -171.57M | -179.00M | -138.32M | -220.54M | -146.78M | -340.50M | -169.17M | -86.47M |
| Acquisitions (Net) | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Purchases of Investments | 17.66M | -127.44M | -69.37M | -11.94M | -55.25M | 244.84M | -270.31M | -30.38M |
| Sales / Maturities of Investments | 2.34M | 10.65M | 5.88M | 11.24M | 2.86M | 2.40M | 36.07M | 31.36M |
| Other Investing Activities | 1.98M | 69.09M | 69.34M | 0.99M | -0.89M | -15.01M | 0.05M | 0.10M |
| Net Cash from Investing Activities | -149.59M | -226.70M | -132.47M | -220.24M | -199.68M | -68.28M | -402.03M | -85.39M |
| Net Debt Issuance | -7.09M | -3.21M | -7.07M | -30.00M | 30.00M | -5.76M | -60.00M | -46.79M |
| Long-Term Debt Issuance | -7.09M | -3.21M | -7.07M | 0.00M | 0.00M | -5.76M | -5.97M | 0.00M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | -30.00M | 30.00M | 0.00M | -60.00M | -46.79M |
| Net Stock Issuance | -19.51M | 0.00M | 0.00M | 61.81M | -61.81M | 0.00M | 736.00M | 0.00M |
| Common Stock Issuance | 0.00M | 0.00M | 0.00M | 61.81M | 11.25M | 0.00M | 736.00M | 0.00M |
| Common Stock Repurchased | -19.51M | 0.00M | 0.00M | 0.00M | -73.06M | 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 |
| Net Dividends Paid | -576.67M | 0.00M | -576.67M | -482.06M | -504.58M | -504.58M | -353.05M | -246.31M |
| Common Dividends Paid | -576.67M | -482.06M | -576.67M | -482.06M | -504.58M | -504.58M | -353.05M | -246.31M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | 0.00M | -4.12M | -0.01M | -7.11M | -8.29M | -0.20M | -5.96M | -5.48M |
| Net Cash from Financing Activities | -603.27M | -489.39M | -583.75M | -457.36M | -544.68M | -510.54M | 316.99M | -298.58M |
| Effect of FX on Cash | -62.95M | 21.88M | 26.44M | -15.81M | -4.03M | 0.83M | 15.10M | -16.67M |
| Net Change in Cash | 294.60M | 215.79M | 321.95M | 71.32M | 128.58M | 17.59M | 668.11M | 171.40M |
| Cash at Beginning of Period | 6,736.20M | 5,593.83M | 1,370.73M | 1,299.41M | 1,170.83M | 1,153.24M | 485.13M | 313.73M |
| Cash at End of Period | 7,030.80M | 5,809.61M | 1,692.68M | 1,370.73M | 1,299.41M | 1,170.83M | 1,153.24M | 485.13M |
| Operating Cash Flow | 1,110.41M | 910.00M | 1,011.73M | 764.74M | 876.97M | 595.58M | 738.04M | 572.04M |
| Capital Expenditure | -171.57M | -179.00M | -138.32M | -220.54M | -146.78M | -340.50M | -169.17M | -86.47M |
| Free Cash Flow | 938.84M | 730.99M | 873.41M | 544.20M | 730.19M | 255.08M | 568.87M | 485.56M |
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 |
|---|---|---|---|---|---|---|---|---|
| EBITDA | 1,423.50M | 1,087.12M | 1,200.84M | 959.71M | 670.16M | 900.92M | 881.55M | 639.00M |
| (-) Tax Adjustment | 295.11M | 218.44M | 239.19M | 202.98M | 132.12M | 186.46M | 171.66M | 141.22M |
| (-) Change In Working Capital | -74.79M | -146.71M | -110.28M | -144.69M | 133.59M | -198.62M | -54.43M | -22.93M |
| (-) Capital Expenditure | -171.57M | -179.00M | -138.32M | -220.54M | -146.78M | -340.50M | -169.17M | -86.47M |
| Unlevered Free Cash Flow | 1,031.60M | 836.39M | 933.62M | 680.89M | 257.67M | 572.58M | 595.14M | 434.24M |
| (-) Net Interest Income After Taxes | 20.50M | 19.19M | 21.22M | 14.21M | 8.01M | 3.66M | 2.47M | 0.66M |
| Net Debt Issuance | -7.09M | -3.21M | -7.07M | -30.00M | 30.00M | -5.76M | -60.00M | -46.79M |
| Levered Free Cash Flow | 1,004.01M | 813.99M | 905.33M | 636.68M | 279.66M | 563.15M | 532.67M | 386.79M |