STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $1.7B | $1.4B | $1.1B | $1.1B | $1.0B | |
| YoY % | +32.4% | -16.7% | -23.6% | +3.7% | -10.9% | |
| P / Sales | — | — | — | — | — | |
| EV / Sales | — | — | — | — | — | |
| Gross Profit, Adj. | $837.3M | $885.0M | $877.3M | $867.1M | $743.4M | |
| YoY % | -3.4% | +5.7% | -0.9% | -1.2% | -14.3% | |
| Margin % | 48.6% | 61.8% | 80.1% | 76.3% | 73.4% | |
| EV / Gross Profit | — | — | — | — | — | |
| EBITDA, Adj. | $378.0M | $389.2M | $377.4M | $255.4M | $118.7M | |
| YoY % | -28.2% | +3.0% | -3.0% | -32.3% | -53.5% | |
| Margin % | 22.0% | 27.2% | 34.5% | 22.5% | 11.7% | |
| EV / EBITDA | — | — | — | — | — | |
| EBIT | $256.9M | $260.1M | $244.1M | $126.6M | $1.1M | |
| YoY % | -31.2% | +1.2% | -6.1% | -48.1% | -99.1% | |
| Margin % | 14.9% | 18.2% | 22.3% | 11.1% | 0.1% | |
| EV / EBIT | — | — | — | — | — | |
| Net Income | $260.8M | $265.9M | $175.0M | $119.5M | $20.3M | |
| YoY % | -56.4% | +1.9% | -34.2% | -31.7% | -83.0% | |
| Net Margin | 15.2% | 18.6% | 16.0% | 10.5% | 2.0% | |
| EPS (GAAP) | $2.22 | $2.19 | $1.46 | $1.04 | $0.22 | |
| YoY % | +8.8% | -1.4% | -33.3% | -28.8% | -78.8% |