STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $3.7B | $3.2B | $3.2B | $2.8B | $2.7B | |
| YoY % | -40.5% | -14.0% | -0.3% | -11.0% | -4.6% | |
| P / Sales | — | — | — | — | — | |
| EV / Sales | — | — | — | — | — | |
| Gross Profit, Adj. | $925.0M | $684.0M | $663.0M | $577.0M | $634.0M | |
| YoY % | -39.3% | -26.1% | -3.1% | -13.0% | +9.9% | |
| Margin % | 25.1% | 21.6% | 20.9% | 20.5% | 23.6% | |
| EV / Gross Profit | — | — | — | — | — | |
| EBITDA, Adj. | $543.0M | $560.0M | $425.0M | $259.0M | $257.0M | |
| YoY % | -7.2% | +3.1% | -24.1% | -39.1% | -0.8% | |
| Margin % | 14.7% | 17.6% | 13.4% | 9.2% | 9.6% | |
| EV / EBITDA | — | — | — | — | — | |
| EBIT | $26.0M | $-50.0M | $-134.0M | $-38.0M | $26.0M | |
| YoY % | -88.2% | -292.3% | -168.0% | +71.6% | +168.4% | |
| Margin % | 0.7% | -1.6% | -4.2% | -1.3% | 1.0% | |
| EV / EBIT | — | — | — | — | — | |
| Net Income | $81.0M | $44.0M | $-444.0M | $943.0M | $42.0M | |
| YoY % | +173.6% | -45.7% | -1109.1% | +312.4% | -95.5% | |
| Net Margin | 2.2% | 1.4% | -14.0% | 33.5% | 1.6% | |
| EPS (GAAP) | $0.62 | $0.32 | -$3.16 | $6.52 | $0.30 | |
| YoY % | +172.1% | -48.4% | -1087.5% | +306.3% | -95.4% |