Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 556.31 M237.46 M101.96 M107.33 M-9.6 M 437.15 M Research & development 303.47 M122.92 M44.03 M43.85 M15.71 M 226.51 M Operating income 615.18 M663.47 M957.68 M1.08 B1.45 B 4.15 B Non-Operating Income, Total -92.72 M-45.08 M-73.68 M-58.06 M-22.19 M -199 M Interest expense, net of interest capitalized —52.89 M51.41 M51.43 M— — Non-Operating Income, excl. Interest Expenses -94.72 M-105.78 M-102.82 M-102.86 M-51.29 M -362.74 M Unusual income/expense 2 M7.81 M-22.27 M-6.63 M29.1 M 8.01 M Pretax income 522.46 M618.39 M884 M1.02 B1.43 B 3.95 B Equity in earnings ————— — Taxes -87.08 M41.98 M112.15 M185.4 M180.19 M 519.72 M Non-controlling/minority interest ————— — After tax other income/expense ————— — Net income before discontinued operations 596.11 M723.54 M771.86 M835.54 M1.1 B 3.43 B Discontinued operations 3.09 M-147.12 M47.67 M00 -99.44 M Net income 599.2 M576.42 M819.53 M835.54 M1.1 B 3.33 B Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders 598.15 M576.28 M819.33 M835.5 M1.1 B 3.33 B Basic earnings per share (Basic EPS) 1.771.72.422.473.25 9.84 Diluted earnings per share (Diluted EPS) 1.721.672.392.453.24 9.75 Average basic shares outstanding 336.92 M339.84 M338.62 M338.53 M338.78 M 1.36 B Diluted shares outstanding 347.81 M344.88 M342.19 M340.97 M341.97 M 1.37 B EBITDA 743.02 M743.36 M1 B1.11 B1.48 B 4.35 B EBIT 615.18 M663.47 M957.68 M1.08 B1.45 B 4.15 B Cost of revenue 629.98 M271.23 M155.08 M174.85 M63.98 M 665.14 M Other cost of goods sold ————— — Depreciation & amortization (cash flow) 127.84 M79.89 M47.05 M35.1 M32.74 M 194.78 M