Larsen & Toubro Limited (LTOUF)
Larsen & Toubro Limited, established in Mumbai, India in 1938, is a global conglomerate specializing in engineering, construction, and manufacturing. Its diverse operations span multiple key sectors worldwide. The company's Infrastructure division is responsible for designing and constructing a wide range of projects, including commercial and industrial buildings, extensive transportation networks, complex civil structures, electricity transmission and distribution systems, critical water and wastewater management facilities, and advanced material handling solutions. The Hydrocarbon segment delivers comprehensive engineering, procurement, and construction (EPC) services tailored specifically for the oil and gas industry. For the Power sector, L&T provides complete project solutions for both coal-fired and gas-fired thermal power stations, encompassing essential generation equipment and all associated plant components. Its Heavy Engineering unit focuses on crafting bespoke, specialized equipment and intricate systems vital for sectors such as fertilizers, refining, petrochemicals, chemicals, oil and gas, and both conventional thermal and nuclear power generation. Within Defence Engineering, L&T is involved in the entire lifecycle—from design and development to production and ongoing support—of critical equipment, systems, and platforms for defense and aerospace applications. This segment also constructs, maintains, and refurbishes naval vessels. Finally, the Other segments encompass real estate ventures, smart urban solutions, and communication technologies (including specialized military communication systems), alongside the sales and maintenance of heavy construction and mining equipment, and the production and distribution of rubber processing machinery. This division further manages digital initiatives, notably SuFin, a business-to-business e-commerce portal, and EduTech, which focuses on advanced education and vocational training.
Sector: Engineering & Construction
Industry: Engineering & Construction
Larsen & Toubro Limited
OTC:LTOUFIndustrials · Engineering & Construction
+4.99%$42.52
Prev close$40.51+4.99%Close$42.52
Mkt Cap$58.51B
Float1.14B
O/S1.38B
Inst Own-
EarningsFeb 3 · in 3mo
Div Yield0.94%
Dilution
Financials Summary
Revenue$32.03B
Net Income$1.8B
Total Assets$47.23B
Free Cash Flow$1.35B
Debt & Equity
Debt 53%
Equity 47%
Total Debt$13.1B
Total Equity$11.41B
Shares Outstanding
Short Interest
Split History4 splits
- 1.5:1Forward splitJul 26, 20171 share → 1.5
- 1.5:1Forward splitJul 25, 20131 share → 1.5
- 2:1Forward splitOct 1, 20081 share → 2
- 2:1Forward splitSep 27, 20061 share → 2
Balance Sheet Details
Assets$47.23B
Liabilities$33.82B
Accounts Receivable$10.85B
Accounts Payable$7.25B
Inventory$994.77M
PP&E (Net)$2.35B
Goodwill$885.24M
Intangible Assets$219.49M
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 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 | $32.03B | $7.92B | $23.98B | $19.82B | $16.9B | $14.83B | $15.36B | $14.81B | $12.55B | $11.46B | $10.78B | $9.53B | $8.99B | $7.87B | $6.85B | $5.49B | $4.63B | $4.28B | $3.11B | $2.17B | $1.75B | $1.54B | $1.02B | $996.58M | $822.56M |
| YoY Growth | 304.4% | -67.0% | 20.9% | 17.3% | 13.9% | -3.5% | 3.7% | 18.0% | 9.5% | 6.3% | 13.2% | 6.0% | 14.2% | 14.9% | 24.8% | 18.5% | 8.3% | 37.6% | 43.5% | 23.9% | 13.8% | 50.8% | 2.1% | 21.2% | - |
| Cost of Revenue | $27.94B | $5.4B | $15.04B | $12.42B | $10.62B | $9.23B | $10.37B | $10.57B | $8.85B | $8.23B | $7.49B | $6.73B | $6.31B | $5.59B | $5.04B | $4B | $3.43B | $3.22B | $2.34B | $1.56B | $1.33B | $1.2B | $0 | $0 | $0 |
| Gross Profit | $4.09B | $2.52B | $8.94B | $6.93B | $5.96B | $5.09B | $5B | $4.24B | $3.7B | $3.23B | $3.3B | $2.8B | $2.68B | $2.28B | $1.81B | $1.49B | $1.2B | $1.06B | $768.63M | $604.33M | $414.73M | $335.71M | $1.02B | $996.58M | $822.56M |
| Gross Margin | 12.8% | 31.8% | 37.3% | 34.9% | 35.2% | 34.3% | 32.5% | 28.6% | 29.5% | 28.1% | 30.6% | 29.4% | 29.8% | 28.9% | 26.5% | 27.2% | 25.9% | 24.8% | 24.7% | 27.9% | 23.7% | 21.9% | 100.0% | 100.0% | 100.0% |
| Research and Development | $54.76M | $0 | $442.11M | $417.41M | $325.14M | $234.18M | $187.31M | $99.34M | $22.02M | $18.94M | $20.01M | $17.58M | $14.79M | $13.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $671.4M | $6.86B | $6.01B | $5.24B | $355.64M | $262.78M | $350.73M | $329.48M | $296.69M | $255.41M | $256.63M | $238.83M | $216.35M | $176.04M | $221.52M | $325.3M | $242.55M | $283.94M | $184.63M | $189.84M | $150.22M | $0 | $98.93M | $150.41M | $139.06M |
| Other | $584.59M | -$5.11B | $4.89B | $4.36B | $4B | $3.26B | $2.8B | $89.89M | $42.73M | $28.55M | $35.76M | $32.12M | $30.75M | $16.83M | $16.24M | $113K | $138K | $139K | $241.32M | $157.49M | $108.5M | $219.18M | $657.53M | $521.67M | $370.57M |
| Total Operating Expenses | $1.31B | $1.76B | $6.45B | $5.65B | $4.68B | $3.76B | $3.34B | $2.67B | $2.43B | $2.28B | $2.29B | $2B | $1.64B | $1.34B | $986.03M | $694.69M | $348.53M | $548.66M | $425.95M | $347.33M | $258.72M | $219.18M | $756.46M | $672.08M | $509.62M |
| Operating Income (EBIT) | $2.78B | $2.77B | $2.49B | $2.1B | $2.06B | $1.66B | $1.73B | $1.64B | $1.27B | $947.75M | $1.01B | $799.65M | $1.03B | $937.84M | $825.68M | $797.08M | $850.06M | $513.29M | $342.68M | $257M | $156.01M | $116.53M | $261.54M | $324.5M | $312.93M |
| Operating Margin | 8.7% | 34.9% | 10.4% | 10.6% | 12.2% | 11.2% | 11.3% | 11.1% | 10.1% | 8.3% | 9.3% | 8.4% | 11.5% | 11.9% | 12.1% | 14.5% | 18.3% | 12.0% | 11.0% | 11.9% | 8.9% | 7.6% | 25.7% | 32.6% | 38.0% |
| Interest Expense | $319.17M | $79.42M | $376.53M | $341.47M | $325.31M | $415.72M | $289.95M | $186.98M | $160.89M | $135.39M | $302.59M | $283.61M | $319.95M | $209.93M | $117.32M | $88.46M | $73.67M | $56.22M | $21.63M | $14.08M | $17.96M | $13.52M | $13.95M | $0 | $0 |
| Interest Income | $0 | $0 | $233.77M | $193.51M | $113.22M | $0 | $88.27M | $95.89M | $70.87M | $45M | $44.53M | $43.09M | $51.99M | $52.12M | $51.95M | $32.45M | $0 | $0 | $0 | $11.5M | $6.22M | $3.01M | $4.73M | $0 | $0 |
| Other Income (Expense) | $110.23M | -$306.62M | -$321.16M | -$298.91M | -$515.97M | -$360.53M | -$228.58M | -$178.16M | -$326.32M | -$360.24M | -$153.33M | -$27.17M | -$237.97M | -$131.69M | -$84.2M | -$80.3M | -$67.99M | -$53.48M | -$21.41M | $62.95M | $18.86M | $33.04M | $17.77M | -$270.18M | -$270.29M |
| Income Before Tax (EBT) | $2.89B | $2.46B | $2.17B | $1.8B | $1.54B | $1.3B | $1.43B | $1.55B | $1.24B | $946.24M | $860.99M | $768.42M | $796.72M | $813.21M | $742.47M | $716.78M | $782.06M | $464.25M | $363.98M | $319.95M | $177.62M | $149.62M | $81.86M | $54.32M | $42.64M |
| Income Tax Expense | $763.68M | $627.26M | $526.75M | $477.43M | $448.95M | $427.03M | $347.44M | $462.44M | $340.59M | $213.64M | $271.36M | $243.13M | $279.85M | $255.37M | $243.02M | $249.98M | $216.92M | $151.71M | $123.59M | $79.2M | $47.63M | $30.67M | $25.14M | $8.21M | $5.72M |
| Net Income | $1.8B | $585.3M | $1.39B | $1.11B | $923.03M | $1.23B | $1.02B | $948.14M | $784.67M | $643.21M | $541.99M | $507.31M | $521.92M | $554.25M | $503.44M | $466.8M | $565.14M | $400.12M | $247.58M | $238.51M | $140.24M | $111.74M | $56.72M | $46.11M | $36.92M |
| Net Income Margin | 5.6% | 7.4% | 5.8% | 5.6% | 5.5% | 8.3% | 6.6% | 6.4% | 6.3% | 5.6% | 5.0% | 5.3% | 5.8% | 7.0% | 7.4% | 8.5% | 12.2% | 9.4% | 8.0% | 11.0% | 8.0% | 7.3% | 5.6% | 4.6% | 4.5% |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | 122.72 | 39.98 | 93.21 | 86.33 | 71.50 | 49.15 | 78.38 | 63.51 | 52.62 | 43.20 | 30.32 | 34.22 | 35.31 | 37.69 | 34.14 | 32.17 | 39.83 | 28.78 | 17.97 | 17.82 | 11.00 | 9.20 | 6.67 | 7.74 | 3.10 |
| Diluted EPS | 122.72 | 39.95 | 93.21 | 86.26 | 71.43 | 49.10 | 78.29 | 63.40 | 52.49 | 43.05 | 30.18 | 33.99 | 35.10 | 37.38 | 33.81 | 31.69 | 39.08 | 28.40 | 17.31 | 17.19 | 10.44 | 8.40 | 6.09 | 6.21 | 2.27 |
| Weighted Average OS | 1.38B | 1.38B | 1.39B | 1.21B | 1.21B | 1.21B | 1.22B | 1.40B | 1.40B | 1.40B | 1.40B | 1.39B | 1.39B | 1.38B | 1.37B | 1.36B | 1.33B | 1.32B | 1.29B | 1.26B | 1.20B | 1.14B | 1.12B | 1.12B | 1.12B |
| EBITDA | $3.27B | $1.37B | $2.95B | $3.23B | $2.18B | $2.03B | $2B | $1.85B | $1.62B | $1.35B | $1.2B | $1.35B | $1.27B | $1.2B | $1.01B | $949.97M | $960.14M | $595.41M | $439.88M | $385.67M | $225.9M | $194.5M | $158.25M | $357.1M | $347.74M |
| EBITDA Margin | 10.2% | 17.3% | 12.3% | 16.3% | 12.9% | 13.7% | 13.0% | 12.5% | 12.9% | 11.8% | 11.2% | 14.1% | 14.1% | 15.3% | 14.8% | 17.3% | 20.7% | 13.9% | 14.1% | 17.8% | 12.9% | 12.7% | 15.5% | 35.8% | 42.3% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 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 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $2.18B | $1.3B | $1.27B | $1.8B | $1.47B | $1.42B | $1.21B | $693.07M | $727.66M | $403.88M | $552.79M | $507.7M | $383.53M | $251.36M | $359.72M | $388.13M | $353.65M | $155.35M | $166.18M | $182.92M | $86.88M | $105.44M | $39.96M | $34.13M | $21.77M |
| Short-Term Investments | $6.21B | $5.14B | $3.72B | $3.99B | $3.43B | $3.37B | $1.55B | $1.57B | $1.1B | $1.64B | $915.96M | $932.66M | $744.94M | $905.75M | $769.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $8.39B | $6.43B | $5.36B | $6.71B | $4.9B | $4.79B | $2.76B | $2.27B | $1.83B | $2.04B | $1.47B | $1.44B | $1.13B | $1.16B | $1.13B | $388.13M | $353.65M | $155.35M | $166.18M | $182.92M | $86.88M | $105.44M | $39.96M | $34.13M | $21.77M |
| Accounts Receivable | $10.85B | $9.6B | $17.03B | $16.39B | $16.19B | $9.66B | $15.33B | $14.25B | $12.51B | $5.36B | $9.21B | $7.9B | $5.34B | $6.28B | -$40.27M | $3.47B | $2.66B | $2.29B | $1.38B | $1.2B | $881.91M | $694.54M | $568.23M | -$12.57M | $153.56M |
| Inventory | $994.77M | $816.69M | $704.86M | $727.07M | $632.79M | $619.72M | $611.85M | $682.9M | $516.15M | $440.76M | $570.89M | $694M | $588.51M | $550.4M | $450.36M | $323.7M | $253.21M | $756.56M | $534.38M | $391.43M | $263.77M | $259.17M | $192.96M | $275.76M | $268.52M |
| Other Current Assets | $10.33B | $9.27B | $55.76M | -$173.3M | $384.5M | $5.69B | $753.77M | $5.94B | $4.65B | $80.95M | $3.09B | $8.04B | $2.04B | $6.29B | $5.27B | $19.17M | $11.41M | $11.24M | $6.59M | $2.72M | $6.69M | $3.76M | $432.85M | $324.07M | $44K |
| Total Current Assets | $30.56B | $26.12B | $23.22B | $23.66B | $22.17B | $20.76B | $19.45B | $17.78B | $14.51B | $12.95B | $11.23B | $10.11B | $9.17B | $8.06B | $6.83B | $4.2B | $3.28B | $2.86B | $2.74B | $1.78B | $1.24B | $1.08B | $723.97M | $655.85M | $573.56M |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $2.35B | $2.06B | $1.97B | $1.75B | $1.46B | $1.47B | $1.66B | $1.42B | $1.36B | $1.42B | $2.54B | $2.58B | $2.66B | $2.65B | $2.36B | $1.7B | $1.29B | $1.01B | $669.84M | $550.63M | $308.23M | $231.11M | $102.93M | $431.02M | $453.96M |
| Goodwill | $885.24M | $888.87M | $830.57M | $830.33M | $796.08M | $858.9M | $852.98M | $194.51M | $166.28M | $148.92M | $231.22M | $235.83M | $227.44M | $225.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $219.49M | $1.84B | $1.87B | $1.93B | $2B | $2.06B | $2.1B | $1.67B | $1.42B | $1.25B | $3.7B | $2.53B | $2.07B | $1.57B | $1.31B | $1.3B | $735.55M | $650.04M | $1.38B | $1.2B | $881.91M | $694.54M | $5.11M | $0 | $0 |
| Long-Term Investments | $9.38B | $1.24B | $7.18B | $1.09B | $1.11B | -$2.43B | -$769.53M | $762.54M | $538.61M | -$495.2M | -$246.52M | -$458.43M | -$388.77M | -$685.22M | -$602.6M | $0 | $0 | $1.48B | $591.16M | $264M | $178.82M | $72.84M | $102.84M | $0 | $0 |
| Deferred Tax Assets | $443.87M | $403.83M | $411.37M | $424.26M | $302.39M | $287.15M | $409.55M | $364.02M | $226.99M | $184.85M | $85.49M | $77.11M | $29.85M | $20.68M | $13.74M | $41.08M | $37.84M | $43.68M | $21.86M | $17.81M | $14.18M | $13.24M | $13.21M | $9.04M | $7.39M |
| Other Long-Term Assets | $3.4B | $7.85B | $681.66M | $5.49B | $6.24B | $10.14B | $9.11B | $7.53B | $7.87B | $7.11B | $6.69B | $5.59B | $4.33B | $3.4B | $2.75B | $2.83B | $2.22B | $30K | $3.04M | $1.82M | $2.56M | $4.34M | $5.1M | $131.06M | $104.54M |
| Total Long-Term Assets | $16.67B | $14.29B | $12.94B | $11.51B | $11.91B | $12.38B | $13.36B | $11.94B | $11.59B | $9.63B | $13B | $10.56B | $8.93B | $7.18B | $5.84B | $5.87B | $4.28B | $3.19B | $1.52B | $864.28M | $511.73M | $325.82M | $229.19M | $571.12M | $565.88M |
| Other Assets | $0 | $0 | $1K | $0 | $99K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $47.23B | $40.41B | $36.16B | $35.17B | $34.08B | $33.14B | $32.81B | $29.72B | $26.09B | $22.58B | $24.22B | $20.67B | $18.1B | $15.24B | $12.67B | $10.07B | $7.56B | $6.05B | $4.26B | $2.65B | $1.75B | $1.4B | $953.16M | $1.23B | $1.14B |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $7.25B | $5.59B | $5.67B | $5.3B | $5.47B | $4.87B | $4.65B | $4.58B | $4.02B | $3.23B | $2.88B | $2.35B | $2.22B | $1.92B | $1.85B | $1.56B | $1.2B | $950.12M | $739.85M | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $6.16B | $7.67B | $6.13B | $6.1B | $6.59B | $5.38B | $6.25B | $5.48B | $3.68B | $2.83B | $2.87B | $2.56B | $2.65B | $1.63B | $1.12B | $0 | $0 | $0 | $571.68M | $239.69M | $96.45M | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $274.61M | $198.09M | $148.36M | $139.46M | $124.68M | $160.73M | $121.07M | $79.56M | $25.58M | $405.5M | $312.68M | $439.9M | $417.17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $1.31B | $1.21B | $1.04B | $4.4B | $4.26B | $3.9B | $3.5B | $405.5M | $312.68M | $439.9M | $417.17M | $298.88M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $10.64B | $7.91B | $6.52B | $4.26B | $3.45B | $3.1B | -$103.41M | $4.12B | $3.79B | $3.33B | $3.63B | $2.65B | $2.28B | $1.7B | $1.59B | $2.11B | $1.44B | $935.9M | $636.33M | $1.13B | $714M | $643.68M | $491.41M | $410.93M | $316.65M |
| Total Current Liabilities | $24.37B | $21.5B | $18.8B | $17.26B | $16.98B | $14.63B | $15.41B | $14.33B | $11.63B | $9.52B | $9.51B | $8.27B | $7.32B | $5.74B | $4.91B | $3.24B | $2.53B | $2.22B | $2.23B | $1.37B | $810.86M | $643.68M | $491.41M | $410.93M | $316.65M |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $6.65B | $6.12B | $6.02B | $6.52B | $6.56B | $8.74B | $8.77B | $7.89B | $7.76B | $7.17B | $6.52B | $6.95B | $5.9B | $5.05B | $3.85B | $3.5B | $2.41B | $1.96B | $1.29B | $445.1M | $275.01M | $367.73M | $141M | $338.15M | $368.66M |
| Long-Term Unearned Revenue | $0 | $61.24M | $62.29M | $6.88M | $98.96M | $102.27M | -$211.26M | $7.99B | -$155.66M | $90.01M | $1.35B | $452.93M | $430.41M | $507.67M | $420.94M | $480.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $17.44M | $43.65M | $56.82M | $67.12M | $110.66M | $125.49M | $154.71M | $33.13M | $67.92M | $65.05M | $43.78M | $57.45M | $65.78M | $40.23M | $22.45M | $74.18M | $54.14M | $57.61M | $34.82M | $29.25M | $27.68M | $27.89M | $25.29M | $98.59M | $98.15M |
| Other Long-Term Liabilities | $2.49B | $148.61M | $118.87M | $123.51M | $125.38M | $7.31M | $329.41M | $130.25M | $168.58M | $4.76M | $147.21M | -$1.69B | $28.78M | $526.73M | $146.05M | $48.88M | -$169.19M | $209.76M | -$550.85M | $20.38M | $97.28M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $9.44B | $6.62B | $6.44B | $6.89B | $6.95B | $9.15B | $9.28B | $8.02B | $7.93B | $7.33B | $9.31B | $7.51B | $6.43B | $5.61B | $4.44B | $4.05B | $2.67B | $2.23B | $774.41M | $474.36M | $400.19M | $395.62M | $166.29M | $436.74M | $466.81M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $33.82B | $28.12B | $25.24B | $24.15B | $23.92B | $23.78B | $24.69B | $22.35B | $19.57B | $16.85B | $18.82B | $15.79B | $13.75B | $11.35B | $9.35B | $7.29B | $5.2B | $4.45B | $3.01B | $1.84B | $1.21B | $1.04B | $657.7M | $847.66M | $783.45M |
| Stockholders' Equity | |||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $28.72M | $29.28M | $29.27M | $29.93M | $29.92M | $29.91M | $29.89M | $29.87M | $29.84M | $19.87M | $19.84M | $19.79M | $19.74M | $13.1M | $13.04M | $12.96M | $12.82M | $12.47M | $6.23M | $6.03M | $2.93M | $2.77M | $2.65M | $26.48M | $26.48M |
| Retained Earnings | $0 | $10.09B | $8.91B | $7.93B | $7.15B | $6.5B | $5.61B | $5.13B | $4.45B | $3.98B | $3.34B | $3.1B | $1.06M | $2.53B | $2.12B | $1.78B | $0 | $0 | $671.62M | $489.44M | $301.36M | $185.64M | $0 | $0 | $0 |
| Comprehensive Income & Other | $9.02M | $266.47M | $246.21M | $612.71M | $667.36M | $623.51M | -$789.22M | -$633.36M | -$490.65M | -$315.84M | -$1.14B | -$994.04M | -$827.9M | -$651.92M | -$480.98M | -$394.57M | -$319.65M | -$249M | -$199.19M | -$194.07M | -$162.79M | -$165.65M | $0 | $0 | $0 |
| Other Stockholders' Equity | $11.38B | $281.21M | $251.6M | $1.55B | $1.6B | $1.55B | $1.46B | $1.48B | $1.44B | $1.35B | $1.32B | $1.24B | $3.99B | $1.07B | $994.81M | $872.71M | $2.22B | $1.48B | $475.35M | $241.47M | $224.29M | $164.65M | $292.81M | $352.83M | $329.52M |
| Total Equity | $11.41B | $10.4B | $9.19B | $9.51B | $8.77B | $8.08B | $7.1B | $6.64B | $5.93B | $5.35B | $4.68B | $4.36B | $4.02B | $3.61B | $3.13B | $2.67B | $2.23B | $1.49B | $1.15B | $736.94M | $528.57M | $353.05M | $295.46M | $379.31M | $355.99M |
| Minority Interest | $2.01B | $1.89B | $1.72B | $1.52B | $1.38B | $1.28B | $1.01B | $726.78M | $598.9M | $379.42M | $720.68M | $532.21M | $338.49M | $282.45M | $186.69M | $109.24M | $115.76M | $112.71M | $98.23M | $68.75M | $11.35M | $11.15M | $0 | $0 | $0 |
| Total Liabilities and Equity | $45.23B | $38.52B | $34.44B | $33.66B | $32.7B | $31.86B | $31.79B | $28.99B | $25.49B | $22.2B | $23.5B | $20.14B | $17.76B | $14.95B | $12.48B | $9.96B | $7.44B | $5.94B | $4.16B | $2.58B | $1.74B | $1.39B | $953.16M | $1.23B | $1.14B |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $13.1B | $14.1B | $12.38B | $12.85B | $13.36B | $14.33B | $15.24B | $13.37B | $11.45B | $10.01B | $10.79B | $9.64B | $8.53B | $6.6B | $4.46B | $3.5B | $2.41B | $1.96B | $1.31B | $684.85M | $372.51M | $367.73M | $141M | $338.15M | $368.66M |
| Net Debt | $10.92B | $12.8B | $11.11B | $11.04B | $11.9B | $12.91B | $14.04B | $12.67B | $10.72B | $9.6B | $10.23B | $9.14B | $8.15B | $6.35B | $4.1B | $3.11B | $2.06B | $1.8B | $1.15B | $501.93M | $285.63M | $262.29M | $101.05M | $304.02M | $346.89M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 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 |
| Operating Activities | |||||||||||||||||||||||||
| Net Income | $1.8B | $2.46B | $1.39B | $1.81B | $1.53B | $2.45B | $1.52B | $1.52B | $1.23B | $933.31M | $822.86M | $731.4M | $761.16M | $769.04M | $736.43M | $716.78M | $782.06M | $464.25M | $363.98M | $238.51M | $140.24M | $149.62M | $56.72M | $46.11M | $36.92M |
| Depreciation & Amortization | $489M | $438.79M | $391.25M | $372.89M | $312.81M | $309.21M | $262.16M | $204.75M | $205.35M | $252.33M | $293.43M | $279.22M | $153.94M | $174.3M | $168.25M | $140.42M | $104.27M | $77.54M | $54.27M | $36.72M | $25.93M | $22.59M | $9M | $32.61M | $34.8M |
| Deferred Income Tax | $0 | $0 | $0 | -$501.11M | -$541.37M | -$1.67B | -$488.87M | -$630.37M | -$488.11M | -$441.19M | -$424.92M | -$509.87M | -$328.84M | -$298.34M | -$304.65M | -$992.16M | -$216.92M | -$64.13M | -$129.14M | -$68.96M | -$30.53M | -$78.43M | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $23.7M | $31.69M | $26.57M | $14.41M | $14.66M | $20.32M | $16.82M | $11.86M | $9.39M | $5.5M | $7.02M | $8.06M | $10.56M | $21.77M | $20.9M | $18.13M | $18.61M | $10.77M | $9.03M | $2.44M | $1.74M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | -$3.15B | -$2.26B | -$1.12B | -$478.61M | -$1.05B | $320.64M | -$1.2B | -$983.89M | -$1.54B | -$263.12M | -$1.01B | -$1.04B | -$1.37B | -$775.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$246.58M | -$57.44M | $26.05M | -$50.65M | -$7.91M | $37.15M | $37.6M | $35.21M | -$68.39M | $160.75M | $12.52M | -$106.58M | -$22.26M | -$71.95M | -$47.78M | -$44.4M | $60.11M | -$207.39M | -$143.45M | -$124.84M | $1.18M | -$49.17M | -$58.02M | -$7.24M | -$10.08M |
| Accounts Payable | $5.06B | $0 | $1.54B | $576.3M | $1.03B | $236.34M | $333.7M | $726.03M | $1.25B | $565.09M | $991.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$2.83B | $1.03B | -$594.95M | $525.69M | $532.85M | $467.41M | $661K | -$1.51B | -$2.05B | -$348.41M | -$1.33B | -$732.83M | -$1.6B | -$1.15B | -$1.31B | -$41.95M | -$361.61M | -$210.57M | -$300.22M | $148.19M | -$42.26M | -$23.7M | $25.92M | $39.84M | $40.33M |
| Total Working Capital Change | -$1.17B | -$1.28B | -$147.47M | $572.72M | $506.44M | $1.06B | -$828.82M | -$1.73B | -$2.12B | -$187.67M | -$1.32B | -$839.41M | -$1.62B | -$1.22B | -$1.36B | -$86.35M | -$301.5M | -$417.96M | -$443.67M | $23.34M | -$41.07M | -$72.87M | -$32.1M | $32.61M | $30.25M |
| Other Non-Cash Items | $765.09M | -$662.58M | $278.94M | $146.88M | $213.75M | $293.35M | $223.87M | $115.39M | $92.93M | $97.66M | $279.27M | $260.43M | $282.48M | $166.85M | $65.37M | $31.47M | -$160.56M | -$25.51M | $11.84M | $9.21M | $16.03M | $14.97M | $1.56M | $12.97M | $39.32M |
| Net Cash from Operating | $1.88B | $975.35M | $1.94B | $2.43B | $2.04B | $2.46B | $712.7M | -$502.21M | -$1.07B | $663.83M | -$343.78M | -$71.22M | -$741.39M | -$400.34M | -$675.1M | -$168.94M | $225.49M | $52.81M | -$131.94M | $247.85M | $113.04M | $37.61M | $35.18M | $124.29M | $141.29M |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -$538.8M | -$470.48M | -$480.88M | -$441.19M | -$331.19M | -$192.47M | -$365.92M | -$455.97M | -$306.33M | -$317.15M | -$560.47M | -$737.76M | -$741.87M | -$833.91M | -$777.49M | -$781.21M | -$483.35M | -$583.2M | -$421.53M | -$286.3M | -$115.77M | -$44.4M | -$9.68M | -$10.26M | -$28.95M |
| Acquisitions | -$164.12M | -$44.41M | $90.81M | $294.15M | $98.78M | $1.25B | -$1.03B | -$22.34M | $92.58M | $22.96M | $45.2M | $131.14M | -$1.06M | -$45.79M | $88.75M | -$45.87M | $5.03M | -$40.36M | -$5.06M | -$7.37M | $19.82M | -$12.26M | $20.63M | $9.8M | $42.13M |
| Purchases of Investments | -$1.14B | -$876.79M | -$520.58M | -$971.01M | -$229.58M | -$1.99B | -$199.17M | -$523.53M | -$138.01M | -$833.13M | -$48.71M | -$192.38M | -$71.79M | -$57.09M | -$45.73M | -$59.61M | -$359.78M | -$152.09M | -$5.93B | -$2.56B | -$677.36M | -$577.81M | -$596.74M | -$549.48M | -$182.58M |
| Sales of Investments | $133.36M | $183.8M | $812.28M | $88.07M | $262.25M | $25.57M | $460.4M | $69.56M | $317.33M | $7.13M | $35.48M | $89.59M | $154.7M | $104.77M | $115.27M | $167.54M | $245.51M | $28.14M | $5.59B | $2.54B | $602.5M | $614.18M | $593.64M | $524.45M | $178.27M |
| Other Investing Activities | -$45.6M | -$444.28M | $328.68M | $145.03M | -$190.76M | $310.03M | $257.34M | -$238.83M | $451.22M | $83.14M | $88.57M | $127.81M | $73.17M | $96.15M | -$5.16M | $84.83M | $48.75M | $206.97M | $62.84M | $39.42M | $26.67M | $11.24M | $13.46M | -$13.24M | $4.38M |
| Net Cash from Investing | -$1.76B | -$1.65B | $230.3M | -$884.95M | -$390.5M | -$602.47M | -$879.05M | -$1.17B | $416.78M | -$1.04B | -$439.94M | -$581.6M | -$586.85M | -$735.88M | -$624.36M | -$634.31M | -$543.83M | -$540.54M | -$704.34M | -$272.83M | -$144.14M | -$9.05M | $21.32M | -$38.73M | $13.26M |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | -$474.3M | -$1.67B | $436.78M | $516.82M | $939.11M | $970.38M | -$1.47B | -$1.9B | -$1.34B | -$519.62M | -$1.12B | -$1.22B | -$1.85B | -$1.55B | -$1.45B | -$1.04B | -$503.43M | -$500.22M | -$377.52M | -$167.48M | -$55.91M | -$74.64M | $5.65M | $42.73M | $37.57M |
| Common Stock Issuance | $843K | $992K | $1.03M | $1.1M | $1.17M | $1.69M | $1.87M | $1.2M | $5.27M | $5.68M | $7.47M | $10.53M | $15.34M | $17.37M | $20.51M | $36.97M | $227.07M | $2.45M | $181.17M | $2.55M | $1.1M | $1.59M | $144K | $3K | $12K |
| Common Stock Repurchases | $0 | $0 | -$1.07B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$523.9M | -$409.87M | -$359.19M | -$329.15M | -$269.2M | -$119.59M | -$484.58M | -$238.83M | -$208.76M | -$181.16M | -$161.02M | -$140.83M | -$121.47M | -$107.83M | -$94.35M | -$80.51M | -$65.69M | -$46.72M | -$15.93M | -$65.95M | -$29.39M | -$35.02M | -$19.89M | -$18.56M | -$17.23M |
| Other Financing Activities | -$102.45M | -$566.18M | -$753.51M | -$342.19M | -$409.24M | -$268.86M | -$310.07M | -$20.49M | -$142.38M | $177.52M | -$193.87M | -$248.62M | -$350.19M | -$238.43M | -$93.4M | -$150.99M | -$9.95M | -$50.93M | -$2.14M | $33.28M | -$19.63M | -$21.58M | -$9.14M | -$22.3M | -$50.36M |
| Net Cash from Financing | $191.25M | $698.09M | -$2.71B | -$1.23B | -$1.62B | -$1.63B | $678.38M | $1.64B | $997.68M | $375.53M | $797.3M | $840.13M | $1.38B | $1.15B | $1.29B | $837.73M | $519.66M | $476.9M | $819.54M | $121.03M | $12.76M | $20.03M | -$50.66M | -$73.21M | -$147.57M |
| Forex Effect | -$218.23M | $3.05M | $1.69M | $28.07M | $8.76M | -$9.59M | -$16.12M | -$6.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $100.59M | $24.33M | -$528.97M | $336.07M | $42.24M | $218.15M | $495.91M | -$29.31M | $346.45M | $2.31M | $13.58M | $187.32M | $51.42M | $11.61M | -$13.13M | $34.48M | $198.31M | -$10.83M | -$16.74M | $96.04M | -$18.34M | $48.6M | $5.84M | $12.36M | $6.98M |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | $1.88B | $975.35M | $1.94B | $2.43B | $2.04B | $2.43B | $712.7M | -$502.21M | -$1.07B | $663.83M | -$343.78M | -$71.22M | -$741.39M | -$400.34M | -$675.1M | -$168.94M | $225.49M | $52.81M | -$131.94M | $247.85M | $113.04M | $37.61M | $35.18M | $124.29M | $141.29M |
| Capital Expenditure | -$538.8M | -$470.48M | -$480.88M | -$441.19M | -$331.19M | -$192.47M | -$365.92M | -$455.97M | -$306.33M | -$317.15M | -$560.47M | -$737.76M | -$741.87M | -$833.91M | -$777.49M | -$781.21M | -$483.35M | -$583.2M | -$421.53M | -$286.3M | -$115.77M | -$44.4M | -$9.68M | -$10.26M | -$28.95M |
| Free Cash Flow | $1.35B | $504.87M | $1.46B | $1.98B | $1.71B | $2.24B | $346.78M | -$958.18M | -$1.37B | $346.68M | -$904.26M | -$808.97M | -$1.48B | -$1.23B | -$1.45B | -$950.15M | -$257.86M | -$530.4M | -$553.47M | -$38.45M | -$2.73M | -$6.79M | $25.5M | $114.03M | $112.35M |
| Cash at Beginning | $2.08B | $1.27B | $1.8B | $1.47B | $1.42B | $1.18B | $687.83M | $723.86M | $377.41M | $403.47M | $622.42M | $435.1M | $383.68M | $375M | $388.13M | $353.65M | $155.35M | $166.18M | $182.92M | $86.88M | $105.21M | $56.85M | $34.12M | $21.77M | $14.79M |
| Cash at End | $2.18B | $1.3B | $1.27B | $1.8B | $1.47B | $1.41B | $1.18B | $694.55M | $723.86M | $405.78M | $636M | $622.42M | $435.1M | $386.62M | $375M | $388.13M | $353.65M | $155.35M | $166.18M | $182.92M | $86.88M | $105.44M | $39.96M | $34.13M | $21.77M |