EnerSys (ENS)

Industry: Electrical Equipment & Parts Sector: Industrials Currency Used: US Live Price: $168.15

Enterprise Value

Metric	MRQ	MRQ-1	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Stock Price	111.15	85.77	96.17	97.38	92.79	68.67	86.26	61.62	68.96	77.10	73.93	61.70	60.64	64.85	56.56	33.78	31.42	23.51	18.43	21.74	19.71	15.85	14.19	12.76	12.50	12.50
Market Capitalization	4,161.06M	3,327.73M	3,710.03M	3,896.87M	3,785.81M	2,831.14M	3,678.61M	2,613.83M	2,933.35M	3,246.52M	3,186.31M	2,678.40M	2,693.38M	3,060.56M	2,693.31M	1,620.25M	1,565.26M	1,146.13M	885.21M	1,067.70M	929.86M	735.40M	653.96M	280.44M	137.68M	137.68M
(-) Cash & Equivalents	388.61M	346.66M	359.47M	387.12M	312.71M	369.30M	438.55M	375.20M	314.67M	494.23M	524.39M	417.05M	345.10M	248.72M	243.43M	180.39M	131.71M	182.63M	202.70M	66.78M	24.85M	19.40M	14.72M	15.55M	11.07M	0.00M
(+) Total Debt	1,213.29M	1,298.64M	1,238.08M	1,086.66M	1,012.47M	1,319.05M	1,067.89M	1,164.13M	1,081.85M	728.01M	669.86M	623.46M	618.72M	414.37M	212.69M	257.78M	284.83M	343.16M	380.26M	441.85M	415.86M	405.17M	389.50M	470.45M	63.04M	0.00M
Enterprise Value	4,985.75M	4,279.71M	4,588.64M	4,596.41M	4,485.56M	3,780.89M	4,307.95M	3,402.77M	3,700.52M	3,480.30M	3,331.77M	2,884.81M	2,967.00M	3,226.21M	2,662.57M	1,697.64M	1,718.39M	1,306.66M	1,062.77M	1,442.77M	1,320.86M	1,121.16M	1,028.73M	735.33M	189.65M	137.68M

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	2004-03-31	2003-03-31	2002-03-31
Revenue	3,725M	3,509M	3,618M	3,582M	3,709M	3,357M	2,978M	3,088M	2,808M	2,582M	2,367M	2,316M	2,506M	2,474M	2,278M	2,283M	1,964M	1,579M	1,973M	2,027M	1,504M	1,283M	1,084M	969M	860M	339M
Cost of Revenue	2,593M	2,515M	2,525M	2,599M	2,868M	2,607M	2,239M	2,303M	2,115M	1,925M	1,717M	1,704M	1,865M	1,845M	1,708M	1,771M	1,515M	1,218M	1,559M	1,645M	1,193M	1,006M	828M	723M	654M	272M
Gross Profit	1,132M	993M	1,092M	983M	840M	750M	739M	785M	693M	657M	651M	612M	641M	630M	569M	513M	450M	361M	413M	382M	311M	277M	255M	246M	206M	68M
Gross Profit Margin	30.4%	28.3%	30.2%	27.4%	22.7%	22.3%	24.8%	25.4%	24.7%	25.4%	27.5%	26.4%	25.6%	25.4%	25.0%	22.5%	22.9%	22.9%	21.0%	18.8%	20.7%	21.6%	23.6%	25.4%	23.9%	20.0%
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	0M	0M	0M	0M
SG&A Expenses	0M	0M	0M	0M	0M	0M	0M	0M	429M	382M	360M	353M	358M	344M	312M	0M	259M	236M	257M	249M	221M	200M	179M	170M	151M	0M
Operating Expenses	680M	629M	628M	631M	562M	544M	523M	595M	441M	382M	370M	353M	358M	344M	312M	298M	259M	233M	245M	249M	217M	200M	179M	192M	151M	54M
Operating Income (EBIT)	452M	364M	465M	352M	278M	206M	216M	190M	252M	275M	281M	259M	282M	285M	257M	215M	191M	128M	168M	133M	94M	77M	76M	55M	55M	14M
Operating Income Margin	12.1%	10.4%	12.8%	9.8%	7.5%	6.1%	7.3%	6.2%	9.0%	10.6%	11.9%	11.2%	11.3%	11.5%	11.3%	9.4%	9.7%	8.1%	8.5%	6.5%	6.2%	6.0%	7.0%	5.6%	6.4%	4.2%
Interest Income	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-8M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	59M	46M	51M	50M	60M	38M	38M	44M	31M	25M	22M	22M	20M	17M	19M	16M	22M	23M	23M	64M	30M	39M	30M	95M	19M	15M
Net Interest Income	-56M	-46M	-51M	-50M	-60M	-38M	-38M	-44M	-31M	-25M	-22M	-22M	-20M	-17M	-19M	-16M	-30M	-23M	-23M	-64M	-30M	-39M	-30M	-95M	-19M	-15M
Unusual Items	-12M	-10M	-7M	-9M	-8M	5M	-8M	0M	-39M	-11M	-46M	-55M	-14M	-104M	-8M	-7M	-9M	-18M	-22M	17M	-1M	7M	3M	48M	-1M	-63M
EBT Excluding Unusual Items	397M	318M	414M	302M	219M	168M	178M	147M	221M	250M	258M	237M	263M	268M	238M	198M	160M	106M	146M	69M	64M	38M	46M	-40M	36M	-1M
Pre-Tax Income	385M	309M	407M	292M	211M	174M	170M	147M	182M	238M	213M	182M	249M	164M	230M	191M	151M	87M	123M	86M	63M	45M	50M	8M	35M	-64M
Pre-Tax Margin	10.3%	8.8%	11.2%	8.2%	5.7%	5.2%	5.7%	4.8%	6.5%	9.2%	9.0%	7.9%	10.0%	6.6%	10.1%	8.4%	7.7%	5.5%	6.2%	4.3%	4.2%	3.5%	4.6%	0.8%	4.1%	-18.9%
Income Tax Expense	48M	19M	43M	23M	35M	30M	27M	10M	22M	119M	54M	50M	68M	17M	65M	47M	38M	25M	39M	26M	18M	14M	17M	3M	12M	-7M
Net Income	337M	289M	364M	269M	176M	144M	143M	137M	160M	120M	160M	136M	181M	150M	167M	144M	113M	62M	85M	60M	45M	31M	32M	5M	23M	-42M
Net Income Margin	9.1%	8.2%	10.1%	7.5%	4.7%	4.3%	4.8%	4.4%	5.7%	4.6%	6.8%	5.9%	7.2%	6.1%	7.3%	6.3%	5.8%	3.9%	4.3%	2.9%	3.0%	2.4%	3.0%	0.5%	2.7%	-12.4%
Depreciation & Amortization	107M	96M	101M	92M	91M	96M	94M	87M	63M	54M	54M	56M	57M	54M	51M	50M	44M	45M	49M	49M	47M	43M	42M	39M	38M	62M
EBITDA	559M	460M	566M	444M	370M	302M	310M	278M	315M	329M	335M	315M	340M	339M	308M	265M	235M	173M	217M	182M	141M	120M	118M	94M	93M	76M
EBITDA Margin	15.0%	13.1%	15.6%	12.4%	10.0%	9.0%	10.4%	9.0%	11.2%	12.7%	14.1%	13.6%	13.6%	13.7%	13.5%	11.6%	12.0%	11.0%	11.0%	9.0%	9.4%	9.4%	10.9%	9.7%	10.8%	22.3%
NOPAT	396M	341M	416M	324M	232M	171M	182M	177M	222M	138M	209M	188M	206M	256M	184M	162M	143M	92M	116M	92M	67M	53M	50M	34M	36M	11M
NOPAT Margin	10.6%	9.7%	11.5%	9.0%	6.3%	5.1%	6.1%	5.7%	7.9%	5.3%	8.8%	8.1%	8.2%	10.3%	8.1%	7.1%	7.3%	5.8%	5.9%	4.5%	4.5%	4.1%	4.6%	3.5%	4.2%	3.3%
Owner's Earnings	336M	268M	344M	275M	178M	166M	167M	123M	153M	104M	164M	136M	175M	142M	162M	145M	98M	62M	77M	64M	50M	34M	42M	15M	37M	7M
Owner's Earnings Margin	9.0%	7.6%	9.5%	7.7%	4.8%	4.9%	5.6%	4.0%	5.5%	4.0%	6.9%	5.9%	7.0%	5.8%	7.1%	6.4%	5.0%	3.9%	3.9%	3.2%	3.3%	2.7%	3.9%	1.6%	4.3%	2.0%
EPS (Basic)	8.66	7.18	9.15	6.62	4.31	3.42	3.37	3.23	3.78	2.81	3.69	3.08	3.97	3.17	3.47	2.95	2.30	1.29	1.68	1.25	0.97	0.66	0.67	-1.80	-0.11	-3.81
EPS (Diluted)	8.56	7.06	8.99	6.50	4.25	3.36	3.32	3.20	3.72	2.77	3.64	3.00	3.77	3.02	3.42	2.93	2.27	1.28	1.71	1.23	0.95	0.66	0.87	0.44	2.07	-3.81
Shares (Basic)	39M	40M	40M	41M	41M	42M	43M	42M	42M	43M	43M	44M	46M	47M	48M	49M	49M	48M	49M	48M	47M	46M	36M	11M	11M	11M
Shares (Diluted)	39M	41M	40M	41M	41M	43M	43M	43M	43M	43M	44M	45M	48M	50M	49M	49M	50M	49M	49M	49M	48M	47M	37M	11M	11M	11M

Product Segments

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
Motive Power	—	—	—	—	—	—	—	1,348.19M	1,391.84M	1,333.99M	1,224.82M	1,207.10M	1,252.88M	1,239.90M	1,158.59M
Product	3,375.31M	3,902.71M	3,256.80M	3,161.86M	3,307.78M	—	—	—	—	—	—	—	—	—	—
Reserve Power	—	—	—	—	—	—	—	1,739.68M	1,416.17M	1,247.90M	1,142.33M	1,109.15M	1,252.64M	1,234.54M	1,118.97M
Service	350.00M	507.17M	360.78M	420.01M	400.80M	353.09M	296.21M	—	—	—	—	—	—	—	—

Geographic Segments

Metric	TTM	TTM-1	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
Americas	38.25M	27.11M	46.30M	28.75M	29.51M	26.04M	32.98M	29.99M	33.95M	1,126.90M	38.12M
Asia	23.66M	35.34M	21.05M	34.53M	23.38M	22.58M	23.59M	33.79M	29.43M	224.49M	21.18M
EMEA	114.96M	—	148.77M	123.27M	133.16M	93.15M	78.81M	69.40M	77.55M	—	—
Europe	—	93.48M	—	—	—	—	—	—	—	926.17M	75.65M

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	2004-03-31	2003-03-31	2002-03-31
Cash & Cash Equivalents	388.61M	346.66M	343.13M	333.32M	346.67M	402.49M	451.81M	326.98M	299.21M	522.12M	500.33M	397.31M	268.92M	240.10M	249.35M	160.49M	108.87M	201.04M	163.16M	20.62M	37.79M	15.22M	21.34M	17.21M	44.30M	9.08M
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	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	388.61M	346.66M	343.13M	333.32M	346.67M	402.49M	451.81M	326.98M	299.21M	522.12M	500.33M	397.31M	268.92M	240.10M	249.35M	160.49M	108.87M	201.04M	163.16M	20.62M	37.79M	15.22M	21.34M	17.21M	44.30M	9.08M
Net Receivables	570.62M	566.77M	676.39M	584.21M	693.41M	796.03M	660.96M	654.30M	673.74M	550.41M	490.96M	493.68M	522.22M	569.02M	454.16M	475.02M	472.29M	383.64M	356.20M	503.01M	361.29M	308.63M	254.27M	231.64M	189.01M	0.00M
Inventory	804.92M	789.34M	739.99M	697.70M	797.80M	715.71M	518.25M	519.46M	503.87M	414.23M	360.69M	331.08M	337.01M	361.85M	353.94M	361.77M	335.00M	254.37M	209.33M	335.73M	234.33M	179.54M	146.05M	131.71M	107.00M	0.00M
Other Current Assets	379.81M	463.73M	62.13M	53.09M	35.15M	46.22M	28.49M	26.03M	27.73M	21.32M	22.12M	19.59M	55.46M	80.85M	51.84M	42.94M	43.05M	16.38M	31.44M	16.85M	32.82M	20.34M	29.49M	29.16M	33.74M	0.00M
Total Current Assets	2,143.96M	2,166.50M	1,821.64M	1,668.32M	1,873.02M	1,960.45M	1,659.50M	1,526.77M	1,504.55M	1,508.08M	1,374.11M	1,241.66M	1,183.61M	1,251.82M	1,109.29M	1,040.22M	959.21M	855.43M	760.13M	876.21M	666.21M	523.72M	451.14M	409.72M	374.05M	9.08M
Property, Plant & Equipment	607.60M	607.13M	592.43M	608.86M	513.28M	503.26M	497.06M	480.01M	409.44M	390.26M	348.55M	357.41M	356.85M	370.17M	350.13M	353.22M	344.39M	315.14M	301.37M	340.00M	301.00M	281.74M	279.87M	284.85M	275.66M	0.00M
Goodwill	754.32M	758.18M	721.07M	682.93M	676.72M	700.64M	705.59M	663.94M	656.40M	352.81M	328.66M	353.55M	369.73M	426.06M	345.50M	347.06M	343.67M	317.27M	301.66M	358.43M	332.87M	308.77M	310.68M	0.00M	0.00M	0.00M
Intangible Assets	359.91M	368.65M	375.43M	319.41M	360.41M	396.20M	430.90M	455.69M	462.32M	147.14M	153.96M	159.66M	158.16M	172.47M	103.70M	107.08M	98.82M	90.14M	79.54M	80.14M	80.54M	80.83M	75.46M	382.32M	371.25M	0.00M
Long-Term Investments	-0.21M	-0.07M	0.01M	2.70M	0.00M	0.00M	0.00M	0.00M	7.84M	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 Assets	89.07M	89.93M	74.79M	49.80M	49.15M	60.48M	65.21M	55.80M	40.47M	44.40M	31.59M	33.53M	28.55M	33.45M	14.17M	16.00M	15.79M	10.74M	12.88M	3.35M	0.00M	13.84M	26.00M	26.03M	17.63M	0.00M
Other Non-Current Assets	117.49M	120.66M	117.70M	19.61M	121.23M	82.87M	72.72M	83.36M	5.09M	12.73M	11.36M	14.11M	16.34M	19.02M	21.41M	24.25M	27.78M	23.44M	19.78M	17.68M	20.31M	31.07M	35.14M	34.17M	28.12M	0.00M
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	0.00M	0.00M	0.00M	978.89M
Total Non-Current Assets	1,928.19M	1,944.49M	1,881.43M	1,683.31M	1,720.79M	1,743.45M	1,771.48M	1,738.79M	1,581.55M	947.34M	874.11M	918.25M	929.63M	1,021.16M	834.91M	847.61M	830.44M	756.73M	715.22M	799.59M	734.72M	716.25M	727.14M	727.37M	692.66M	978.89M
Total Assets	4,072.15M	4,110.99M	3,703.08M	3,351.63M	3,593.81M	3,703.90M	3,430.98M	3,265.57M	3,086.10M	2,455.42M	2,248.22M	2,159.91M	2,113.24M	2,272.98M	1,944.20M	1,887.83M	1,789.65M	1,612.16M	1,475.35M	1,675.80M	1,400.93M	1,239.97M	1,178.29M	1,137.09M	1,066.70M	987.96M
Accounts Payable	368.16M	363.10M	405.69M	369.46M	378.64M	393.10M	323.88M	281.87M	292.45M	258.98M	222.49M	228.44M	218.57M	259.48M	249.36M	250.00M	251.81M	198.35M	127.59M	260.53M	200.16M	157.79M	117.94M	113.04M	95.00M	0.00M
Short-Term Debt	29.25M	29.62M	28.50M	30.44M	30.64M	55.08M	34.15M	46.54M	54.49M	18.43M	18.43M	22.23M	19.95M	33.81M	23.01M	18.99M	4.02M	26.74M	32.67M	54.08M	22.65M	16.16M	14.10M	11.88M	16.57M	0.00M
Tax Payables	0.00M	0.00M	36.76M	16.72M	23.47M	17.69M	26.12M	20.69M	31.65M	40.65M	25.09M	21.65M	26.38M	39.91M	29.71M	27.95M	27.53M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	28.82M	27.65M	34.59M	27.87M	15.99M	17.34M	15.16M	9.39M	10.66M	9.84M	12.19M	10.84M	7.79M	12.06M	7.11M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	377.47M	0.00M	28.09M	175.34M	24.23M	22.01M	20.50M	29.12M	170.70M	112.28M	133.18M	119.13M	107.49M	24.40M	104.89M	95.31M	129.28M	117.29M	137.08M	145.64M	128.32M	2.64M	89.44M	-1.94M	1.48M	0.00M
Total Current Liabilities	774.88M	392.72M	527.87M	619.61M	491.58M	515.75M	420.64M	395.56M	564.45M	439.73M	409.85M	401.29M	384.59M	368.44M	414.76M	404.30M	419.76M	342.38M	297.33M	460.25M	351.12M	176.59M	221.48M	122.98M	113.05M	0.00M
Long-Term Debt	1,184.04M	1,269.02M	1,083.54M	801.97M	1,041.99M	1,243.00M	969.62M	1,104.73M	971.76M	579.54M	587.71M	606.40M	495.94M	287.89M	155.48M	236.59M	247.95M	322.17M	384.55M	371.69M	378.67M	384.14M	358.61M	496.20M	231.84M	0.00M
Capital Lease Obligations	0.00M	0.00M	90.25M	81.85M	21.57M	73.41M	64.97M	72.91M	10.29M	0.14M	0.17M	0.27M	0.27M	0.60M	0.51M	0.93M	2.25M	2.23M	1.12M	0.99M	1.00M	2.19M	2.74M	3.23M	3.75M	0.00M
Deferred Tax Liabilities	15.97M	16.54M	17.64M	33.88M	61.12M	78.23M	76.41M	78.36M	82.11M	33.61M	45.92M	46.01M	99.40M	101.15M	88.04M	84.48M	79.59M	70.02M	48.96M	44.16M	43.69M	55.36M	69.50M	60.95M	69.66M	0.00M
Other Non-Current Liabilities	230.29M	237.80M	105.08M	85.94M	189.68M	129.49M	151.17M	154.25M	138.60M	172.31M	78.58M	80.30M	97.21M	74.21M	83.93M	86.37M	53.02M	54.50M	115.81M	80.70M	42.72M	40.82M	40.82M	62.41M	57.01M	0.00M
Total Non-Current Liabilities	1,430.30M	1,523.36M	1,296.51M	1,003.64M	1,314.36M	1,524.13M	1,262.17M	1,410.25M	1,202.76M	785.60M	712.37M	732.97M	692.82M	463.85M	327.96M	408.37M	382.80M	448.92M	550.44M	497.53M	466.07M	482.50M	471.67M	622.79M	362.26M	0.00M
Total Liabilities	2,205.18M	1,916.08M	1,824.38M	1,623.24M	1,805.93M	2,039.87M	1,682.81M	1,805.81M	1,767.21M	1,225.33M	1,122.21M	1,134.26M	1,077.41M	832.29M	742.72M	812.67M	802.56M	791.30M	847.77M	957.78M	817.20M	659.09M	693.15M	745.77M	475.31M	0.00M
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	0.00M	0.01M	0.01M	0.01M
Common Stock	0.57M	0.57M	0.57M	0.56M	0.56M	0.56M	0.56M	0.55M	0.55M	0.55M	0.54M	0.54M	0.54M	0.53M	0.53M	0.52M	0.52M	0.50M	0.50M	0.49M	0.47M	0.47M	0.46M	0.11M	0.11M	0.00M
Retained Earnings	2,595.69M	2,537.33M	2,489.20M	2,163.88M	1,930.15M	1,783.59M	1,669.75M	1,556.98M	1,450.33M	1,320.55M	1,231.44M	1,097.64M	997.38M	848.41M	727.35M	560.84M	416.84M	303.41M	243.76M	159.18M	99.48M	54.27M	23.54M	-8.84M	-8.68M	0.00M
Accumulated OCI	-220.65M	-217.11M	-247.48M	-204.85M	-183.47M	-143.50M	-115.88M	-215.01M	-142.68M	-41.72M	-152.82M	-97.35M	-108.98M	67.85M	40.66M	74.09M	115.18M	67.20M	34.06M	162.91M	103.03M	55.19M	83.42M	59.26M	27.17M	0.00M
Minority Interest	3.47M	3.45M	3.41M	3.43M	3.60M	3.90M	3.82M	3.54M	3.73M	5.44M	4.91M	11.30M	12.50M	13.93M	16.98M	12.73M	4.66M	4.33M	0.00M	0.00M	2.80M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	2,375.61M	2,320.79M	2,242.29M	1,959.59M	1,747.23M	1,640.65M	1,554.42M	1,342.53M	1,308.19M	1,279.38M	1,079.16M	1,000.83M	888.94M	916.79M	768.53M	635.45M	532.53M	371.12M	278.32M	322.58M	202.99M	109.93M	107.42M	50.54M	18.61M	0.01M
Total Equity	2,379.08M	2,324.24M	2,245.70M	1,963.02M	1,750.84M	1,644.55M	1,558.24M	1,346.06M	1,311.92M	1,284.81M	1,084.08M	1,012.14M	901.43M	930.73M	785.51M	648.18M	537.20M	375.45M	278.32M	322.58M	205.78M	109.93M	107.42M	50.54M	18.61M	0.01M
Total Liabilities & Equity	4,584.26M	4,240.32M	4,070.08M	3,586.26M	3,556.77M	3,684.42M	3,241.05M	3,151.87M	3,079.13M	2,510.14M	2,206.29M	2,146.39M	1,978.84M	1,763.01M	1,528.23M	1,460.85M	1,339.75M	1,166.74M	1,126.08M	1,280.36M	1,022.98M	769.01M	800.57M	796.30M	493.93M	0.01M
Tangible Assets	2,957.92M	2,984.15M	2,606.57M	2,349.29M	2,556.69M	2,607.06M	2,294.49M	2,145.95M	1,967.38M	1,955.48M	1,765.60M	1,646.70M	1,585.35M	1,674.45M	1,495.00M	1,433.68M	1,347.16M	1,204.76M	1,094.15M	1,237.24M	987.52M	850.37M	792.15M	754.77M	695.46M	987.96M
Tangible Equity	1,264.85M	1,197.41M	1,149.20M	960.68M	713.71M	547.71M	421.75M	226.44M	193.21M	784.87M	601.46M	498.93M	373.54M	332.20M	336.31M	194.04M	94.71M	-31.96M	-102.89M	-115.99M	-207.63M	-279.67M	-278.72M	-331.78M	-352.63M	0.01M
Tangible Book Value	1,264.85M	1,197.41M	1,149.20M	960.68M	713.71M	547.71M	421.75M	226.44M	193.21M	784.87M	601.46M	498.93M	373.54M	332.20M	336.31M	194.04M	94.71M	-31.96M	-102.89M	-115.99M	-207.63M	-279.67M	-278.72M	-331.78M	-352.63M	0.01M
Total Investments	-0.21M	-0.07M	0.01M	2.70M	0.00M	0.00M	0.00M	0.00M	7.84M	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 Debt	824.69M	951.98M	768.91M	499.09M	725.97M	895.60M	551.96M	824.30M	727.03M	75.85M	105.80M	231.32M	246.97M	81.60M	-70.86M	95.09M	143.10M	147.86M	254.06M	405.15M	363.53M	385.09M	351.37M	490.87M	204.12M	-9.08M

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	2004-03-31	2003-03-31	2002-03-31
Working Capital	1,369.1M	1,445.0M	1,314.7M	1,058.8M	1,177.6M	1,255.1M	1,014.3M	962.6M	923.7M	1,048.1M	951.5M	845.1M	800.0M	719.3M	685.4M	611.4M	534.4M	475.8M	430.0M	389.5M	276.3M	211.4M	182.2M	134.7M	135.4M	9.1M
Total Capital	3,076.8M	3,161.3M	3,118.4M	2,667.9M	2,694.5M	2,860.9M	2,608.5M	2,524.7M	2,318.8M	1,793.7M	1,709.6M	1,641.8M	1,556.2M	1,578.3M	1,347.9M	1,288.3M	1,227.7M	1,130.4M	1,062.1M	1,118.3M	944.4M	847.7M	813.1M	750.6M	717.9M	414.9M
Capital Employed	3,297.3M	3,389.5M	3,196.2M	2,742.1M	2,898.4M	2,998.5M	2,785.8M	2,701.4M	2,505.3M	1,995.4M	1,825.6M	1,763.3M	1,729.7M	1,740.5M	1,520.3M	1,459.0M	1,364.8M	1,232.5M	1,145.2M	1,189.1M	1,011.0M	927.7M	909.3M	862.1M	828.0M	978.9M
Invested Capital	2,688.2M	2,814.7M	2,775.2M	2,334.6M	2,347.8M	2,458.4M	2,156.7M	2,197.7M	2,019.6M	1,271.6M	1,209.3M	1,244.5M	1,287.2M	1,338.2M	1,098.5M	1,127.8M	1,118.9M	929.3M	898.9M	1,097.7M	906.6M	832.5M	791.8M	733.4M	673.6M	405.8M

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	2004-03-31	2003-03-31	2002-03-31
Net Income	337.24M	289.45M	363.74M	269.10M	175.81M	143.91M	143.37M	137.12M	160.63M	119.83M	158.22M	131.82M	181.53M	146.77M	164.96M	143.97M	113.43M	62.30M	84.59M	59.70M	45.21M	30.73M	32.38M	4.84M	22.85M	-57.02M
Depreciation & Amortization	107.01M	95.56M	100.88M	92.02M	91.15M	95.88M	94.08M	87.34M	63.35M	54.32M	53.95M	55.99M	57.04M	53.97M	50.50M	50.36M	44.39M	44.85M	49.10M	49.22M	47.36M	43.27M	41.54M	39.05M	38.00M	0.00M
Deferred Income Tax	-32.11M	-29.28M	-31.93M	-29.34M	-15.24M	1.12M	-8.99M	-16.49M	-6.46M	-20.31M	1.46M	-0.75M	31.89M	-49.75M	1.67M	-3.23M	-3.06M	6.98M	10.26M	7.97M	7.97M	5.52M	9.91M	-6.64M	0.00M	0.00M
Stock-Based Compensation	37.67M	29.72M	27.83M	30.61M	26.37M	24.29M	0.00M	20.78M	22.61M	19.45M	19.19M	19.60M	25.26M	16.74M	14.74M	11.59M	9.06M	6.96M	5.02M	0.00M	0.38M	0.21M	0.21M	0.00M	0.00M	0.00M
Change in Working Capital	-25.05M	-107.23M	-209.80M	50.98M	-8.27M	-346.08M	101.02M	-36.40M	-71.08M	31.62M	-34.68M	57.51M	-120.66M	-4.91M	2.53M	-4.76M	-98.95M	9.46M	66.73M	-121.24M	-32.28M	-40.22M	-59.98M	-33.23M	-21.41M	0.00M
Accounts Receivable	-28.82M	5.94M	-81.80M	108.63M	67.55M	-128.96M	8.71M	26.49M	5.97M	-32.24M	-13.54M	31.14M	-13.25M	-70.13M	5.42M	7.11M	-61.89M	-7.30M	85.92M	0.00M	-56.02M	-13.40M	-13.40M	0.00M	0.00M	0.00M
Inventory	-34.92M	52.70M	1.34M	75.63M	-96.41M	-212.84M	24.18M	-9.38M	-46.61M	-38.08M	-42.79M	11.67M	-10.15M	8.14M	-0.92M	-19.66M	-67.25M	-23.45M	90.93M	-70.28M	-39.64M	-25.76M	-8.21M	-13.93M	9.45M	0.00M
Accounts Payable	42.02M	2.00M	36.57M	-15.13M	-4.24M	65.32M	20.80M	-33.49M	9.94M	21.27M	0.85M	12.18M	-26.50M	-14.98M	5.37M	-12.38M	42.42M	59.12M	-109.71M	0.00M	42.53M	1.71M	1.71M	0.00M	0.00M	0.00M
Other Working Capital	-3.34M	-167.87M	-165.92M	-118.15M	24.83M	-69.60M	47.34M	-20.01M	-40.38M	80.67M	20.81M	2.53M	-70.76M	72.06M	-7.34M	20.17M	-12.23M	-18.90M	-0.40M	-50.96M	20.85M	-2.78M	-40.09M	-19.31M	-30.86M	0.00M
Other Non-Cash Items	10.50M	37.13M	9.59M	43.67M	10.11M	15.30M	28.89M	61.04M	28.81M	6.14M	47.90M	43.39M	19.42M	30.79M	10.00M	6.27M	11.60M	6.04M	3.75M	4.46M	3.78M	3.37M	5.29M	35.18M	16.00M	78.09M
Net Cash from Operating Activities	435.27M	315.35M	260.30M	457.03M	279.94M	-65.59M	358.38M	253.40M	197.86M	211.05M	246.03M	307.57M	194.47M	193.62M	244.40M	204.20M	76.46M	136.60M	219.44M	4.02M	72.42M	42.87M	29.35M	39.19M	55.44M	21.07M
Capital Expenditures (PPE)	-108.47M	-117.07M	-121.04M	-86.44M	-88.77M	-74.04M	-70.02M	-101.43M	-70.37M	-69.83M	-50.07M	-55.88M	-63.63M	-62.00M	-55.29M	-48.94M	-59.94M	-45.11M	-57.14M	-45.04M	-42.36M	-39.67M	-31.83M	-28.58M	-23.63M	-12.94M
Acquisitions (Net)	-13.76M	-205.24M	-206.37M	-8.27M	0.59M	0.00M	0.18M	-176.55M	-654.61M	-2.99M	-12.39M	-35.44M	2.00M	-171.53M	0.00M	-24.55M	-32.20M	-33.24M	0.00M	-17.43M	-6.98M	-38.14M	-1.17M	0.00M	0.00M	0.00M
Purchases of Investments	0.00M	-10.85M	-10.85M	0.00M	-0.59M	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
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	43.38M	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 Investing Activities	5.97M	0.31M	1.87M	2.23M	0.59M	4.81M	4.80M	3.15M	1.10M	0.46M	0.63M	10.40M	2.01M	1.52M	0.19M	0.08M	0.48M	1.11M	10.33M	0.32M	0.28M	0.92M	4.01M	1.60M	10.71M	-323.01M
Net Cash from Investing Activities	-116.26M	-332.89M	-336.39M	-92.48M	-44.80M	-69.23M	-65.04M	-274.82M	-723.88M	-72.36M	-61.83M	-80.92M	-59.62M	-232.01M	-55.09M	-73.42M	-91.66M	-77.24M	-46.81M	-62.15M	-49.05M	-76.88M	-28.99M	-26.98M	-12.92M	-335.95M
Net Debt Issuance	-20.19M	254.41M	280.22M	-237.95M	-215.82M	294.92M	-162.87M	136.53M	428.73M	-9.49M	-24.70M	119.34M	187.58M	133.05M	-83.24M	-22.75M	-103.15M	-31.80M	-4.34M	12.74M	-4.58M	26.66M	-136.79M	323.48M	-8.21M	0.00M
Long-Term Debt Issuance	-251.92M	255.01M	280.48M	-237.72M	-194.11M	274.36M	-146.94M	141.86M	287.81M	-7.03M	-20.10M	115.11M	199.51M	124.60M	-90.67M	-22.28M	-106.24M	-24.37M	29.85M	-10.78M	-8.19M	25.21M	-139.14M	323.48M	-8.21M	0.00M
Short-Term Debt Issuance	231.73M	-0.60M	-0.26M	-0.23M	-21.72M	20.56M	-15.93M	-5.33M	140.92M	0.21M	-4.60M	4.23M	-11.92M	8.46M	7.44M	-0.46M	3.08M	-7.44M	-34.20M	22.52M	3.61M	1.45M	2.35M	0.00M	0.00M	0.00M
Net Stock Issuance	-279.61M	-123.27M	-153.96M	-95.69M	-18.52M	-156.37M	9.11M	-33.14M	-56.44M	-121.19M	0.00M	-178.24M	-205.36M	-69.87M	-22.59M	-58.38M	0.00M	7.33M	-19.80M	22.81M	3.83M	1.49M	141.25M	0.00M	0.00M	0.00M
Common Stock Issuance	16.95M	0.26M	0.00M	0.00M	0.00M	0.00M	9.11M	0.00M	0.00M	0.96M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	22.81M	1.80M	1.49M	141.25M	0.00M	0.00M	0.00M
Common Stock Repurchased	-296.56M	-123.54M	-153.96M	-95.69M	-22.91M	-156.37M	0.00M	-34.56M	-56.44M	-121.19M	257.40M	-193.45M	-218.04M	-69.87M	-22.59M	-58.38M	0.00M	0.00M	-19.80M	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	4.39M	0.00M	0.00M	1.42M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.03M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-37.79M	-36.74M	-37.47M	-34.48M	-28.54M	-29.35M	-29.81M	-29.71M	-29.74M	-29.67M	-30.40M	-30.88M	-31.74M	-23.68M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-258.37M	0.00M	0.00M
Common Dividends Paid	-37.79M	-36.74M	-37.47M	-34.48M	-28.54M	-29.35M	-29.81M	-29.71M	-29.74M	-29.67M	-30.40M	-30.88M	-31.74M	-23.68M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-258.37M	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	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	-5.61M	-6.24M	1.47M	-2.44M	-7.57M	-10.77M	-5.15M	-11.00M	4.03M	-6.53M	-7.45M	-15.95M	-9.80M	-17.94M	9.87M	2.75M	20.48M	0.00M	0.95M	4.00M	-0.57M	-0.25M	-1.25M	-105.10M	0.00M	314.80M
Net Cash from Financing Activities	-343.20M	88.16M	90.27M	-370.56M	-270.45M	98.43M	-188.72M	62.68M	346.58M	-166.89M	-62.54M	-105.73M	-59.31M	21.56M	-95.96M	-78.38M	-82.68M	-24.47M	-23.20M	39.56M	-1.32M	27.91M	3.21M	-39.99M	-8.21M	314.80M
Effect of FX on Cash	4.88M	9.54M	-4.37M	-7.33M	-20.51M	-12.94M	20.22M	-13.50M	-43.46M	49.99M	-18.63M	7.47M	-46.72M	7.58M	-4.49M	-0.77M	5.71M	3.00M	-6.89M	1.41M	0.52M	-0.03M	0.56M	0.69M	0.92M	0.00M
Net Change in Cash	-19.31M	80.17M	9.81M	-13.34M	-55.82M	-49.32M	124.83M	27.77M	-222.91M	21.79M	103.02M	128.39M	28.82M	-9.25M	88.86M	51.62M	-92.17M	37.88M	142.54M	-17.17M	22.57M	-6.12M	4.13M	-27.09M	35.22M	-0.09M
Cash at Beginning of Period	1,560.88M	1,337.86M	333.32M	346.67M	402.49M	451.81M	326.98M	299.21M	522.12M	500.33M	397.31M	268.92M	240.10M	249.35M	160.49M	108.87M	201.04M	163.16M	20.62M	37.79M	15.22M	21.34M	17.21M	44.30M	9.08M	0.00M
Cash at End of Period	1,541.56M	1,418.03M	343.13M	333.32M	346.67M	402.49M	451.81M	326.98M	299.21M	522.12M	500.33M	397.31M	268.92M	240.10M	249.35M	160.49M	108.87M	201.04M	163.16M	20.62M	37.79M	15.22M	21.34M	17.21M	44.30M	-0.09M
Operating Cash Flow	435.27M	315.35M	260.30M	457.03M	279.94M	-65.59M	358.38M	253.40M	197.86M	211.05M	246.03M	307.57M	194.47M	193.62M	244.40M	204.20M	76.46M	136.60M	219.44M	4.02M	72.42M	42.87M	29.35M	39.19M	55.44M	21.07M
Capital Expenditure	-108.47M	-117.07M	-121.04M	-86.44M	-88.77M	-74.04M	-70.02M	-101.43M	-70.37M	-69.83M	-50.07M	-55.88M	-63.63M	-62.00M	-55.29M	-48.94M	-59.94M	-45.11M	-57.14M	-45.04M	-42.36M	-39.67M	-31.83M	-28.58M	-23.63M	-12.94M
Free Cash Flow	326.79M	198.28M	139.26M	370.59M	191.17M	-139.63M	288.36M	151.97M	127.48M	141.22M	195.96M	251.69M	130.85M	131.63M	189.11M	155.25M	16.52M	91.49M	162.29M	-41.02M	30.07M	3.21M	-2.48M	10.61M	31.81M	8.12M

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	2004-03-31	2003-03-31	2002-03-31
EBITDA	1,239.27M	1,089.05M	1,193.28M	1,074.91M	931.29M	845.85M	833.23M	872.21M	327.83M	329.09M	344.06M	314.96M	339.56M	339.17M	307.53M	563.07M	235.02M	170.16M	206.02M	181.75M	137.46M	120.17M	117.94M	114.89M	93.03M	129.35M
(-) Tax Adjustment	154.27M	68.10M	125.74M	84.94M	153.99M	146.02M	131.06M	58.30M	38.89M	115.18M	88.11M	86.72M	92.37M	35.17M	87.19M	139.23M	59.00M	48.66M	64.56M	55.88M	38.98M	37.76M	41.16M	40.21M	32.56M	14.38M
(-) Change In Working Capital	-25.05M	-107.23M	-209.80M	50.98M	-8.27M	-346.08M	101.02M	-36.40M	-71.08M	31.62M	-34.68M	57.51M	-120.66M	-4.91M	2.53M	-4.76M	-98.95M	9.46M	66.73M	-121.24M	-32.28M	-40.22M	-59.98M	-33.23M	-21.41M	0.00M
(-) Capital Expenditure	-108.47M	-117.07M	-121.04M	-86.44M	-88.77M	-74.04M	-70.02M	-101.43M	-70.37M	-69.83M	-50.07M	-55.88M	-63.63M	-62.00M	-55.29M	-48.94M	-59.94M	-45.11M	-57.14M	-45.04M	-42.36M	-39.67M	-31.83M	-28.58M	-23.63M	-12.94M
Unlevered Free Cash Flow	1,001.58M	1,011.11M	1,156.30M	852.55M	696.80M	971.86M	531.13M	748.89M	289.64M	112.46M	240.55M	114.84M	304.23M	246.91M	162.53M	379.65M	215.03M	66.93M	17.59M	202.08M	88.41M	82.97M	104.93M	79.33M	58.25M	102.02M
(-) Net Interest Income After Taxes	-48.59M	-43.10M	-45.73M	-46.01M	-49.69M	-31.26M	-32.39M	-40.75M	-27.21M	-16.25M	-16.51M	-16.19M	-14.30M	-15.33M	-13.41M	-12.41M	-22.61M	-16.18M	-15.55M	-44.21M	-21.46M	-26.95M	-19.56M	-61.43M	-12.37M	-13.37M
Net Debt Issuance	-20.19M	254.41M	280.22M	-237.95M	-215.82M	294.92M	-162.87M	136.53M	428.73M	-9.49M	-24.70M	119.34M	187.58M	133.05M	-83.24M	-22.75M	-103.15M	-31.80M	-4.34M	12.74M	-4.58M	26.66M	-136.79M	323.48M	-8.21M	0.00M
Levered Free Cash Flow	1,029.98M	1,308.62M	1,482.26M	660.61M	530.66M	1,298.04M	400.64M	926.17M	745.58M	119.22M	232.36M	250.37M	506.11M	395.30M	92.71M	369.31M	134.49M	51.30M	28.80M	259.03M	105.29M	136.58M	-12.30M	464.24M	62.41M	115.39M