NYSE: OMC · Advertising
Omnicom Group
Omnicom Group, based in New York, is a global marketing and corporate communications holding company. On November 26, 2025 it completed its all-stock merger with The Interpublic Group (IPG): each IPG share became 0.344 Omnicom shares and legacy Omnicom shareholders owned about 60.6% of the combined company. Its agencies are organized into four global networks — Omnicom Advertising (BBDO, TBWA, McCann), Omnicom Media (OMD, PHD, UM, Initiative, Acxiom), the DAS Group (precision marketing, healthcare) and the Communications Consultancy Network (FleishmanHillard, Ketchum, Golin, Weber Shandwick). 2025 revenue was $17,272 million (+9.3%), but merger-related severance and repositioning costs of $1,247 million and a $547 million loss on assets held for sale cut operating income to $445 million and produced a net loss of $54.5 million. With a full quarter of IPG, revenue for the first nine months of 2026 rose to $19,228 million and net income to $1,646 million. It employed about 120,000 people at the end of 2025.
Last updated
Analysis last edited: November 6, 2026 · Financial data fetched: October 31, 2026 01:57 (SEC EDGAR) · Source 10-K filed: February 20, 2026
Built on10-K FY2025 · filed 2026-02-2010-Q (quarter ended 2026-09-30) · filed 2026-10-23Proxy statement (2026)
Next update expectedAfter FY2026’s 10-K is filed (roughly 60–90 days after fiscal year end (sooner for larger filers)), financials and analysis will be refreshed.
01
At a glanceFrom SEC data
Eight headline measures, each placed among the companies covered on this site.
- Revenue growthCAGRSmooths out year-to-year swings into "grew X% a year on average." Makes growth pace comparable across companies of very different sizes.
- 5.6%
- Operating marginOperating marginHow many cents of operating profit are left per dollar of revenue. Reflects pricing power and cost structure.
- 2.6%
- ROIC minus WACCROIC − WACC spreadThe difference between ROIC and WACC. Consistently positive implies value creation; consistently negative implies value destruction.
- -5.6 pts
- Net debt ÷ EBITDAEBITDAOperating income with D&A added back. A rough proxy for cash-generating power that’s less distorted by capital intensity, depreciation method, or financing/tax differences than net income.
- 3.4x
- Cash conversionOperating CF ÷ net income (cash conversion)How much of reported profit shows up as actual cash. 1x or higher means profit is backed by cash.
- —
- Dividend raisesDividend per shareTotal annual dividend paid per share (sum of all declared payments for the year).
- 1 of 5
- P/E todayP/EShare price ÷ EPS — how many years of current earnings the stock price represents. This site uses the period-end figure as reported in the filing.
- 38.3x
- Betaβ (beta)How much a stock moves, on average, for a 1% move in the overall market. Above 1 means more volatile than the market, which raises the return shareholders require. This site computes it from about 2.5 years (roughly 130 weeks) of weekly returns, built from Yahoo Finance daily prices, regressed against an S&P 500 ETF (SPY) as the market proxy, then applies the well-known long-run mean-reversion adjustment (0.67 × β + 0.33) as the WACC default.
- 0.84
Higher than 29% of 372 non-financial companies
Average yearly growth over the years shown
Higher than 9% of 311 non-financial companies
Latest fiscal year (FY2025)
Higher than 10% of 311 non-financial companies
Return on capital above (or below) its estimated cost
Higher than 77% of 304 non-financial companies
Below 0 means more cash than debt
Operating cash flow ÷ net income
Years the dividend per share rose, of the last 5
Latest close 2026-11-04; trailing 12 months to 2026-09-30
Above 1 = moves more than the market
Each marker shows where this company sits among the non-financial companies covered on this site, not all listed companies (left = lowest, right = highest). A high position is not automatically good — for net debt ÷ EBITDA, higher means more debt. Details and formulas are in the sections below and in How to read this.
02
Valuation todayFrom SEC data
Price-based measures at the latest close, next to the same measures at the last fiscal year-end.
Share price$86.21close on 2026-11-04
Market cap$26.99B
- P/EP/EShare price ÷ EPS — how many years of current earnings the stock price represents. This site uses the period-end figure as reported in the filing. today
- 38.3x
- P/BP/BShare price ÷ book value per share. Below 1x means the market values the company below its accounting net worth. This site uses the closing price nearest the fiscal year-end and highlights sub-1x readings. today
- 2.2x
- EV/EBITDAEV/EBITDAEnterprise value (≈ market cap + interest-bearing debt − cash) as a multiple of EBITDA — roughly, "how many years of EBITDA to buy the whole company." Lower is generally viewed as cheaper, and it’s more comparable than P/E across companies with different debt loads or depreciation policies. This site excludes noncontrolling interests from the EV calculation. today
- 40.8x
- FCF yieldFree cash flow (FCF)Operating CF minus capital expenditures — cash generated by the business after funding its own investment, available for dividends, buybacks, acquisitions, or debt paydown. Acquisitions and securities purchases (also in investing CF) are not subtracted, so FCF can be positive in a year when total investing CF exceeds operating CF. today
- 10.3%
- Dividend yieldDividend per shareTotal annual dividend paid per share (sum of all declared payments for the year). today
- 3.4%
At FY2025 year-end: —
Earnings: trailing 12 months to 2026-09-30
At FY2025 year-end: 2.1x
Book value at FY2025 year-end
At FY2025 year-end: 38.4x
EBITDA for FY2025
At FY2025 year-end: 11.0%
Free cash flow for FY2025
Dividends per share for FY2025
“Today” uses the latest closing price (2026-11-04, Yahoo Finance daily closing prices) and shares outstanding at the last fiscal year-end. The rest of this page — including the financial table and ROIC vs. WACC — uses fiscal year-end prices. These are reference figures, not a judgment of whether the stock is cheap or expensive.
03
What changed since last earningsFrom SEC data
The latest reported quarter against the same quarter a year earlier, the balance sheet against the previous quarter-end, and what management said in its latest earnings release.
Quarter ended Sep 30, 2026.
- Revenue$4.04B → $6.42B (vs. a year earlier)↑ +59.1%$4.04B → $6.42B (vs. a year earlier)
- Operating margin13.1% → 15.4% (vs. a year earlier)↑ +2.3 pts13.1% → 15.4% (vs. a year earlier)
- Net income$341M → $656M (vs. a year earlier)↑ +92.2%$341M → $656M (vs. a year earlier)
- Diluted EPS$1.75 → $2.38 (vs. a year earlier)↑ +36.0%$1.75 → $2.38 (vs. a year earlier)
- Cash$3.34B → $3.8B (vs. previous quarter-end)↑ +13.8%$3.34B → $3.8B (vs. previous quarter-end)
Source: Form 10-Q ↗ (SEC XBRL). Long-term debt is the tagged long-term debt figure and leaves out short-term borrowings.
From the earnings release of Oct 22, 2026.
Key changes
Core Operations revenue up 7.3% to $6.0B. Source sentence
Revenue from Core Operations in the third quarter of 2026 increased $407.4 million, or 7.3%, to $6.0 billion as compared to the third quarter of 2025, primarily due to organic growth of $400.8 million, or 7.2%, and an increase due to foreign currency translation of $3.4 million, or 0.1%.
Operating income $991.7M. Source sentence
Operating Income of $991.7 million; $1.1 billion Non-GAAP Adjusted EBITA, 17.6% margin
Q3 revenue up $2.4B to $6.4B. Source sentence
Revenue in the third quarter of 2026 increased $2.4 billion to $6.4 billion as compared to the third quarter of 2025, primarily due to the acquisition of IPG, which closed on November 26, 2025, and constant currency revenue growth.
Written by AI. A line appears only if its figures and direction match the quoted sentence, which an automatic check confirms. Companies' outlooks are their own and may not be met. Read the release ↗
04
Company profileFrom SEC dataShow
- Legal name
- OMNICOM GROUP INC.
- Headquarters
- NEW YORK, NY
- Incorporated in
- New York
- Fiscal year end
- 12/31
- Exchange & ticker
- NYSE: OMC
- Industry
- Advertising
- CIK
- 29989
Workforce (as of FY2025 year-end)
Employees
120,000
Source: Form 10-K (FY2025) cover page and business description
05
Earnings calendarFrom SEC dataShow
When the company reports each quarter: the quarter-end date, the day results were released, and when the 10-Q or 10-K was filed.
Next report
Q4 FY2026
Quarter end: December 2026. In past years, Q4 results were released 35–49 days after quarter end (Feb 18, 2026; Feb 4, 2025; Feb 6, 2024). No date has been announced in the sources this site uses.
Reporting pattern
- Fiscal year ends around December 31.
- Reports four times a year: three quarterly reports (10-Q) and an annual report (10-K) for Q4.
- Earnings releases came 15–49 days after quarter end over the last 12 quarters.
| Quarter | Quarter ended | Earnings release (8-K) | Report filed (10-Q / 10-K) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | Oct 22, 2026 (+22 days) | Oct 23, 2026 10-Q (+23 days) |
| Q2 FY2026 | Jun 30, 2026 | Jul 28, 2026 (+28 days) | Jul 29, 2026 10-Q (+29 days) |
| Q1 FY2026 | Mar 31, 2026 | Apr 28, 2026 (+28 days) | Apr 29, 2026 10-Q (+29 days) |
| Q4 FY2025 | Dec 31, 2025 | Feb 18, 2026 (+49 days) | Feb 20, 2026 10-K (+51 days) |
| Q3 FY2025 | Sep 30, 2025 | Oct 21, 2025 (+21 days) | Oct 22, 2025 10-Q (+22 days) |
| Q2 FY2025 | Jun 30, 2025 | Jul 15, 2025 (+15 days) | Jul 16, 2025 10-Q (+16 days) |
| Q1 FY2025 | Mar 31, 2025 | Apr 15, 2025 (+15 days) | Apr 16, 2025 10-Q (+16 days) |
| Q4 FY2024 | Dec 31, 2024 | Feb 4, 2025 (+35 days) | Feb 5, 2025 10-K (+36 days) |
| Q3 FY2024 | Sep 30, 2024 | Oct 15, 2024 (+15 days) | Oct 16, 2024 10-Q (+16 days) |
| Q2 FY2024 | Jun 30, 2024 | Jul 16, 2024 (+16 days) | Jul 17, 2024 10-Q (+17 days) |
| Q1 FY2024 | Mar 31, 2024 | Apr 16, 2024 (+16 days) | Apr 17, 2024 10-Q (+17 days) |
| Q4 FY2023 | Dec 31, 2023 | Feb 6, 2024 (+37 days) | Feb 7, 2024 10-K (+38 days) |
Source: SEC EDGAR filing history. Release dates are the dates the earnings release was furnished to the SEC on Form 8-K (Item 2.02), which is normally the day results are announced. For a quarter whose 10-Q or 10-K isn’t filed yet, the date is the latest Item 2.02 8-K since the previous report, which may be a preliminary or other results-related update. Fiscal years are labeled by the calendar year in which they end.
06
Flagship products & servicesSite analysis
Media & Advertising
Omnicom Advertising
Creative networks BBDO, TBWA and McCann (from IPG) and the Advertising Collective.
Media & Advertising
Omnicom Media
Media networks OMD, PHD, Hearts & Sciences, UM, Initiative and Mediahub, plus Acxiom data.
Precision Marketing / Healthcare
DAS Group of Companies
Omnicom Precision Marketing, MRM and Omnicom Health (including IPG Health).
Public Relations
Communications Consultancy Network
FleishmanHillard, Ketchum, Golin and Weber Shandwick.
Platform
Omni
Integrated technology platform including Acxiom, Interact and Flywheel Commerce Cloud, with generative AI tools in planning, creative, media and analytics workflows.
From the Form 10-K, FY2025.
U.S. and worldwide share of flagship products/services
Omnicom gives no market-share figures in its filings.
Reviewed: Form 10-K (FY2025) · Form 10-Q (quarter ended 2026-09-30)
07
Recent strategic focusSite analysis
Recent developments.
Third quarter 2026
Revenue $6,423M versus $4,037M; net income $656M versus $341M; diluted EPS $2.38 versus $1.75.
Source: Form 10-Q (quarter ended 2026-09-30)
Share repurchases
An accelerated share repurchase of about $2.5B; 7.5 million more shares received on its settlement in May 2026.
Source: Form 10-Q (quarter ended 2026-09-30)
Dividend
Quarterly dividend raised to $0.80 per share in Q4 2025 ($2.90 for 2025).
Source: Form 10-K (FY2025)
Capex ÷ D&A (FY2025)
0.54x
Below depreciation — investment is being pared back
formulacapital expenditures ÷ depreciation & amortization
e.g.$150M ÷ $277M = 0.54x
termsCapital expenditures (capex) · Depreciation & amortization (D&A)
M&A spend (6-year total)
$420M
Latest year: −$1.08B
Cash-flow-statement spending on acquisitions, net of cash acquired
Where the money goes, over time
Unit: $M. Capex went from $75M in FY2020 to $150M in FY2025
- Capex
- M&A spend
formulacapital expenditures ÷ depreciation & amortization
termsCapital expenditures (capex) · Depreciation & amortization (D&A)
Source: each period's Form 10-K (SEC EDGAR). Latest: filed 2026-02-20
08
Key figures at a glanceFrom SEC data
FY2020–FY2025, 6 years.
Revenue (FY2025)
$17.27B
As reported in the 10-K
Revenue CAGR (5 years)
+5.6%▲favorable
formula(last-period revenue ÷ first-period revenue) ^ (1 ÷ years) − 1
e.g.($17,272M ÷ $13,171M) ^ (1÷5) − 1 = 5.6%
termsCAGR · ^ (exponent) · Revenue (net sales)
Operating margin (FY2025)
2.6%▼caution
-9.6pt vs. 5 years ago
formulaoperating income ÷ revenue × 100
e.g.$445M ÷ $17,272M × 100 = 2.6%
ROE (FY2025)
-0.7%▼caution
6-year average: 32.2%
As reported in the 10-K
P/B (FY2025 end)
2.10x
formulafiscal year-end closing price ÷ book value per share
e.g.$80.75 ÷ $38.47 = 2.10x
Period-end (fiscal year-end) value, not today's P/B
EV/EBITDA (FY2025 end)
38.4x
formula(market cap + interest-bearing debt − cash and equivalents) ÷ (operating income + depreciation & amortization)
e.g.($25,283M + $9,335M − $6,881M) ÷ ($445M + $277M) = 38.4x
termsEV/EBITDA · Market capitalization · Interest-bearing debt · EBITDA · Depreciation & amortization (D&A)
Period-end (fiscal year-end) value, not today's multiple
- ▲
Revenue grew +5.6% a year over 5 years (strong growth)
From $13.17B in FY2020 to $17.27B in FY2025. The annualized rate (CAGR) makes it possible to compare growth pace across companies of different sizes.
- ▼
Operating margin declined: 12.1% → 2.6%
How much operating profit is left per $100 of revenue. It moved -9.6 points over 5 years — pricing power, cost control, and product mix all show up here.
- ▼
Equity ratio is 22.1% (relatively heavy reliance on debt)
The share of total assets funded by equity rather than debt. 50%+ is often read as low bankruptcy risk, though the right level varies by industry (real estate and leasing run lower, for instance).
- ▲
Free cash flow was positive in 6 of 6 years
Operating cash flow minus capital expenditures: the cash left over after funding the business’s own investment, available for dividends, buybacks, acquisitions, or debt paydown. A negative year can mean heavy investment, or weak core earnings — worth distinguishing.
- ▲
ROE averaged 32.2% over 6 years (latest: -0.7%)
How much profit was generated on shareholders’ equity. Roughly 10%+ is often cited as solid for a U.S. company, though this varies a lot by industry and capital intensity.
09
Business modelSite analysis
Business Model Canvas
The whole company in nine blocks. Left side: how it delivers (partners, activities, resources, costs). Right side: who it serves and how it earns. Every entry comes from the company’s filings shown on this page.
08 · who helps
Key partners
- The Interpublic Group of Companies (IPG)
07 · what it does
Key activities
- Media planning, buying and optimization
- Creative advertising and content production
- Precision marketing, data and commerce
- Public relations and healthcare communications
06 · what it draws on
Key resources
- About 120,000 employees (Dec 31, 2025)
- Agency brands (BBDO, TBWA, McCann, OMD, UM, FleishmanHillard, Weber Shandwick)
- Omni data and technology platform, including Acxiom and Flywheel Commerce Cloud
02 · why customers buy
Value propositions
- Integrated media, creative, precision marketing and PR services, organized in a client matrix for collaboration.
04 · how it keeps them
Customer relationships
- Ongoing client relationships.
03 · how it reaches them
Channels
- Its own agencies serving brands worldwide.
01 · who it serves
Customer segments
- Global, pan-regional and local brands across many industries
09 · where money goes
Cost structure
FY2025, share of revenue ($17.27B)
- Cost of revenue91.5%
- Selling, general & administrative4.3%
- Other operating costs1.6%
Operating profit left: 2.6% of revenue. Depreciation & amortization (inside the costs above): $277M. Capital spending: $150M.
Source: Form 10-K income statement and cash-flow statement (SEC XBRL).
05 · how money comes in
Revenue streams
- Fees for services (mostly labor-based)
- Commissions and performance incentives
Value propositions, channels and customer relationships: Form 10-K (FY2025)
Earns fees and commissions from clients for media planning and buying, creative advertising, precision marketing, public relations, healthcare marketing and related services delivered by its agency networks.
01 what it draws on
Inputs & resources
- About 120,000 employees (Dec 31, 2025)
- Agency brands (BBDO, TBWA, McCann, OMD, UM, FleishmanHillard, Weber Shandwick)
- Omni data and technology platform, including Acxiom and Flywheel Commerce Cloud
02 what it does
Activities
- Media planning, buying and optimization
- Creative advertising and content production
- Precision marketing, data and commerce
- Public relations and healthcare communications
03 who it serves
Customers
- Global, pan-regional and local brands across many industries
04 how money comes in
How it earns
- Fees for services (mostly labor-based)
- Commissions and performance incentives
How the business makes money
- Completed merger with IPG on November 26, 2025.
- Largest client was 2.4% of 2025 revenue.
- Media & Advertising was 58% of 2025 revenue.
Government & regulation around the business
Non-market factors from the company’s filings: what governments and regulators fund, buy, set, approve or restrict, and which part of the flow above each one touches.
Omnicom is exposed to geopolitical events and economic disruptions.
Trade & export rules
Geopolitical disruption
Geopolitical events and hostilities can disrupt client spending.
Constrains the businessTouches: CustomersSource: Form 10-K (FY2025)
Revenue by segment (2025)
Unit: $M — bar length = revenue, (%) = share of total company revenue
Media & Advertising
10,015.9 (58%)Precision Marketing
1,938.5 (11%)Public Relations
1,613.6 (9%)Healthcare
1,379.9 (8%)Experiential
862.7 (5%)Execution & Support
843.7 (5%)Branding & Retail Commerce
617.6 (4%)
Source: Form 10-K (FY2025) Revenue by discipline from MD&A (total $17,271.9M). The operating segments are the four global agency networks (OA, OM, DAS, CCN).
10
Where it earnsSite analysis
Many U.S.-listed companies earn most of their revenue outside the U.S. — this breaks down revenue by country/region so it's clear where the business actually makes its money.
Largest market (FY2025)
Americas — 59% of revenue
Revenue by country / region (FY2025)
Unit: $M — bar length = revenue, (%) = share of total company revenue
Americas
10,132.4 (59%)EMEA
5,214.1 (30%)Asia-Pacific
1,925.4 (11%)
Source: Form 10-K (FY2025) — Note on geographic information Total $17,271.9M; includes IPG from November 26, 2025.
11
Contract structureSite analysisShow
Short-term or spot sales carry different earnings quality than long-term or auto-renewing contracts — this shows how the company actually contracts with its customers.
12
Alliances & capital tiesSite analysisShow
Equity stakes, joint ventures, and strategic partnerships disclosed across the 10-K, 8-Ks, and proxy statement.
Pending or recent acquisition
The Interpublic Group of Companies (IPG)
All-stock merger completed November 26, 2025 (0.344 Omnicom shares per IPG share); Omnicom also exchanged $2.95B of IPG notes for new Omnicom notes in December 2025.
Source: Form 8-K (2025-11-26) — Items 1.01/2.01 Completion of the IPG merger
13
Customers & suppliersSite analysis
Who the company sells to and buys from. Companies rarely name either, so named counterparties come only from the company's own filings and press releases; otherwise this lists the concentration figures the 10-K discloses.
Customers
Brands in many industries, served globally.
Named by the company
No client is material; the largest represented 2.4% of 2025 revenue.
Suppliers
Media owners and digital platforms, production vendors.
Named by the company
No supplier is named.
14
Competitors & peersSite analysis
Competitors the 10-K names, and the peer group the company itself chose in its proxy statement. Nothing here is this site's own pick.
The 10-K discusses competition from other agencies, new market entrants and clients’ own AI capabilities without naming competitors.
Competitors named in the 10-K
Peer group the company chose
Compensation peer group, from the proxy statement. Peers are companies the board considers comparable — for example when setting executive pay — not necessarily direct competitors.
Companies of comparable size and operational complexity for 2025 (IPG removed after the merger).
- Accenturesite ↗
- Automatic Data Processingsite ↗
- Cognizantsite ↗
- DXC Technologysite ↗
- Paramount Skydancesite ↗
- Thomson Reuterssite ↗
- WPP plcsite ↗
Company names link to this site’s analysis where one exists; “site ↗” opens the company’s own website.
15
Six years of financialsFrom SEC data
Each chart's axis holds a single unit (never mixing dollars, %, and $/share). The table's per-period header links to the filing the numbers came from.
Revenue over time
Unit: $M
Source: each period's Form 10-K (SEC EDGAR). Latest: filed 2026-02-20
Profit over time (operating → net)
Unit: $M
- Operating income
- Pretax income
- Net income
Source: each period's Form 10-K (SEC EDGAR). Latest: filed 2026-02-20
Margins over time
Unit: %
- Operating margin
- Net margin
formulaoperating income ÷ revenue × 100
formulanet income attributable to the company ÷ revenue × 100
Cash flow over time
Unit: $M (below zero = cash went out)
- Operating CF
- Investing CF
- Free CF
formulacash flow from operations − capital expenditures
termsFree cash flow (FCF) · Cash flow from operations (operating CF) · Capital expenditures (capex)
Source: each period's Form 10-K (SEC EDGAR). Latest: filed 2026-02-20
Financial stability & capital efficiency
Unit: %
- Equity ratio
- ROE
formulatotal equity ÷ total assets × 100 (as reported in the 10-K)
termsStockholders’ equity · Total assets
formulanet income ÷ average equity (beginning + ending, ÷2) × 100 (as reported in the 10-K)
termsNet income (attributable to the company) · Stockholders’ equity
Earnings per share (EPS) and dividend per share
Unit: $
- EPS
- Dividend per share
Source: each period's Form 10-K (SEC EDGAR). Latest: filed 2026-02-20
| Line item | FY202010-K on EDGAR ↗ | FY202110-K on EDGAR ↗ | FY202210-K on EDGAR ↗ | FY202310-K on EDGAR ↗ | FY202410-K on EDGAR ↗ | FY202510-K on EDGAR ↗ |
|---|---|---|---|---|---|---|
| Income statement ($M) | ||||||
| Revenue | 13,171 | 14,289 | 14,289 | 14,692 | 15,689 | 17,272 |
| Operating income | 1,599 | 2,198 | 2,083 | 2,105 | 2,275 | 445 |
| Pretax income | 1,409 | 1,989 | 1,945 | 1,993 | 2,128 | 278 |
| Net income (attributable) | 945 | 1,408 | 1,317 | 1,391 | 1,481 | -54 |
| Revenue growthcalc(this year’s revenue − last year’s revenue) ÷ last year’s revenue × 100 | — | 8.5% | -0.0% | 2.8% | 6.8% | 10.1% |
| Operating margincalcoperating income ÷ revenue × 100 | 12.1% | 15.4% | 14.6% | 14.3% | 14.5% | 2.6% |
| Net margincalcnet income attributable to the company ÷ revenue × 100 | 7.2% | 9.9% | 9.2% | 9.5% | 9.4% | -0.3% |
| Balance sheet ($M) | ||||||
| Total assets | 27,647 | 28,422 | 27,003 | 28,045 | 29,621 | 54,415 |
| Total equity | 3,577 | 3,774 | 3,776 | 4,225 | 4,746 | 12,693 |
| Interest-bearing debtSum of short- and long-term borrowings, notes/bonds payable | 5,827 | 5,737 | 5,629 | 5,681 | 6,094 | 9,335 |
| Equity ratio | 11.2% | 11.5% | 12.0% | 12.9% | 14.2% | 22.1% |
| ROE | 30.7% | 44.3% | 40.4% | 40.5% | 37.9% | -0.7% |
| Cash flow ($M) | ||||||
| Operating CF | 1,725 | 1,945 | 927 | 1,422 | 1,734 | 2,938 |
| Investing CF | -136 | -709 | -381 | 79 | -1,059 | 980 |
| Financing CF | -408 | -1,391 | -1,362 | -1,388 | -582 | -1,591 |
| Free cash flowcalccash flow from operations − capital expenditures | 1,649 | 1,280 | 848 | 1,344 | 1,593 | 2,788 |
| Cash and equivalents | 5,601 | 5,317 | 4,282 | 4,432 | 4,339 | 6,881 |
| Per share & other | ||||||
| EPS ($) | 4.37 | 6.53 | 6.36 | 6.91 | 7.46 | -0.27 |
| BVPS ($) | 14.35 | 15.64 | 16.04 | 18.26 | 21.35 | 38.47 |
| Dividend per share ($) | 2.60 | 2.80 | 2.80 | 2.80 | 2.80 | 2.90 |
| Payout ratiocalcdividend per share ÷ diluted EPS × 100 | 59.5% | 42.9% | 44.0% | 40.5% | 37.5% | — |
| P/E (x) | 14.3 | 11.2 | 12.8 | 12.5 | 11.5 | — |
| EV/EBITDA (x)calc(market cap + interest-bearing debt − cash and equivalents) ÷ (operating income + depreciation & amortization) | 7.5 | 6.5 | 7.8 | 7.9 | 7.4 | 38.4 |
| P/B (x)calcfiscal year-end closing price ÷ book value per share | 4.35 | 4.68 | 5.08 | 4.74 | 4.03 | 2.10 |
P/B and EV/EBITDA use each period’s period-end (fiscal year-end) figures, not the current share price. Figures without a "calc" tag are as reported in the Form 10-K (the consolidated financial statements and, for older years, earlier 10-Ks), pulled automatically from SEC EDGAR. Where a later filing restated a prior period, the restated figure is used.
Last 8 quarters
Three-month figures from 10-Q filings. Change is versus the same quarter a year earlier. Newest quarter on top.
| Quarter ended | Revenue | Operating income | Net income | Diluted EPS |
|---|---|---|---|---|
| 2026-09-30 | $6.42B+59.1% | $992M+87.1% | $656M+92.2% | $2.38 |
| 2026-06-30 | $6.56B+63.4% | $923M+110.0% | $585M+127.0% | $2.08 |
| 2026-03-31 | $6.24B+69.2% | $646M+42.8% | $405M+40.8% | $1.35 |
| 2025-12-31 † | $5.53B+27.9% | −$977M-242.6% | −$941M-310.1% | — |
| 2025-09-30 | $4.04B | $530M | $341M | $1.75 |
| 2025-06-30 | $4.02B | $439M | $258M | $1.31 |
| 2025-03-31 | $3.69B | $453M | $288M | $1.45 |
| 2024-12-31 † | $4.32B | $685M | $448M | — |
† Fourth quarter = the 10-K’s annual figure minus the first three quarters; quarterly EPS isn’t derived this way because share counts change during the year.
16
Is ROIC above WACC?From SEC data
ROIC (the return on money invested in the business) above WACC (the cost of raising that money) means the company is creating value. WACC is an estimate, so its assumptions can be adjusted below.
ROIC (FY2025)
1.9%
formulaoperating income × (1 − tax rate) ÷ invested capital × 100 *invested capital = interest-bearing debt + total equity (average of beginning/ending)
e.g.$445M × (1 − 30%) ÷ $16,434M × 100 = 1.9%
termsOperating income · Effective tax rate · Invested capital · Interest-bearing debt · Total equity
WACC (this site’s estimate)
7.52%
formulacost of equity × equity weight + cost of debt × (1 − tax rate) × debt weight
e.g.Equity weight: $25.28B ÷ ($25.28B + $9.33B) = 73.0%
e.g.Debt weight: $9.33B ÷ ($25.28B + $9.33B) = 27.0%
e.g.WACC: 9.6% × 73.0% + 2.8% × (1 − 30%) × 27.0% = 7.52%
termsCost of equity · Equity weight (E/(D+E)) · Cost of debt · (1 − tax rate) · Debt weight (D/(D+E)) · Market capitalization
How firm is this? With the equity risk premium ±1 point and beta ±0.2, WACC runs 6.3%–9.1% and ROIC − WACC runs −7.2 to −4.4 points. The sign holds across this range. This describes the latest year and does not predict future value creation.
WACC 7.52% is this site’s estimate under the assumptions below (not a figure the company has published)
- Risk-free rate
- 4.95% (10-year Treasury, 2026-11-03)
- β
- 0.84 (price-derived adjusted beta)
- Equity risk premium
- 5.5%
- Cost of equity
- 9.57%
- Cost of debt
- 2.82%
- Tax rate
- 30% (effective rate, FY2023–FY2025)
- Capital structure (equity : debt)
- 73% : 27%
ROIC over time, vs. WACC
Unit: % — bars = each period's ROIC, horizontal line = latest WACC. Bars above the line are green, below are red
- ROIC (above WACC)
- ROIC (below WACC)
- WACC 7.52%
formulaoperating income × (1 − tax rate) ÷ invested capital × 100 *invested capital = interest-bearing debt + total equity (average of beginning/ending)
termsOperating income · Effective tax rate · Invested capital · Interest-bearing debt · Total equity
formulacost of equity × equity weight + cost of debt × (1 − tax rate) × debt weight
termsCost of equity · Equity weight (E/(D+E)) · Cost of debt · (1 − tax rate) · Debt weight (D/(D+E)) · Market capitalization
Try different WACC assumptions
β and the equity risk premium are estimates with a real range of plausible values — move the sliders to check whether ROIC > WACC still holds. The risk-free rate starts at the 10-year Treasury yield on 2026-11-03 (U.S. Treasury).
Initial β: 0.84 (price-derived adjusted beta. Raw β 0.77, R² 0.14, 130 weeks)
formula0.67 × β + 0.33 (β = the slope of weekly stock returns regressed on weekly market returns)
e.g.0.67 × 0.766 + 0.33 = 0.843
termsβ (beta)
Period 2024-05-10–2026-11-04, using S&P 500 ETF (SPY) as the market proxy. Source: Yahoo Finance price history.
formularisk-free rate + β × equity risk premium
e.g.5.0% + 0.84 × 5.5% = 9.6%
termsCAPM · Risk-free rate · β (beta) · Equity risk premium (market risk premium)
formulafiscal year-end closing price × shares outstanding (= market cap)
formulainterest expense ÷ interest-bearing debt × 100 (clamped to 0–10%; falls back to the risk-free rate if there’s no debt)
17
What the price implies (DCF)From SEC data
A company's value can be written as its free cash flow divided by (cost of capital − perpetual growth). Working that backwards from the market's valuation shows how much growth the share price assumed — compared here with the company's actual past growth.
Growth the price implies (price on 2026-11-04)
-1.9%
Perpetual FCF growth: g = r − FCF ÷ EV = 7.5% − 9.5%
Past FCF growth (FY2020–FY2025)
+11.1%
Compound annual rate, 5 years
Past revenue growth (FY2020–FY2025)
+5.6%
Compound annual rate, 5 years
Inputs (FY2025): free cash flow $2.79B (operating CF − capex); enterprise value $29.45B = market cap $26.99B (latest close, 2026-11-04) + debt $9.33B − cash and short-term investments $6.88B; r = WACC of 7.5% using this page’s default assumptions (β 0.84, risk-free 5.0%, market premium 5.5%).
Three WACC scenarios
The same calculation under cautious, base and optimistic cost-of-capital assumptions (risk-free rate fixed at the 10-year Treasury yield). Pick one to load it into the sliders below.
Try your own assumptions
V = FCF ÷ (r − g). It starts at the implied growth rate, where the theoretical value equals today’s enterprise value.
Theoretical enterprise value
$29.66B
FCF $2.79B ÷ (7.5% − -1.9%)
Theoretical ÷ actual enterprise value
1.01x
Above 1x: these assumptions value the business above the market did
How sensitive the answer is
Theoretical ÷ actual enterprise value for each combination of r and g.
| g \ r | 5.5% | 6.5% | 7.5% | 8.5% | 9.5% |
|---|---|---|---|---|---|
| 0% | 1.72x | 1.46x | 1.26x | 1.11x | 1.00x |
| 2% | 2.71x | 2.10x | 1.72x | 1.46x | 1.26x |
| 4% | 6.31x | 3.79x | 2.71x | 2.10x | 1.72x |
| 6% | — | 18.94x | 6.31x | 3.79x | 2.71x |
| 8% | — | — | — | 18.94x | 6.31x |
A simplified model for seeing what the market price assumes, not a forecast or a target price. It treats free cash flow as growing at one constant rate forever; the result swings widely with small changes in r and g, and is undefined when g reaches r. Free cash flow here is operating cash flow minus capex, which is after interest — a full DCF of enterprise value would use cash flow before interest. Market cap uses the latest close (2026-11-04) × shares at fiscal year-end; free cash flow and WACC inputs are from the latest fiscal year.
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Earnings qualityFrom SEC dataShow
The same reported profit can mean different things depending on whether it's backed by cash, driven by the core business, or the result of a one-off item. Four checks below.
- ✓
Operating CF ÷ net income: averages 1.22x
Profit is backed by cash coming in.
- ✓
Accrual ratio (latest): -7.1%
A small share of profit rests on accounting estimates.
- ✓
Core-earnings share (operating income ÷ pretax income): 160%
Most profit comes from core operations.
- !
Days sales outstanding: 217 → 250 days
Receivables are growing faster than revenue — worth checking for looser collection terms or channel stuffing.
Operating CF vs. net income
Unit: $M — operating CF above net income means profit is backed by cash
- Operating CF
- Net income
formulacash flow from operations ÷ net income attributable to the company
termsCash flow from operations (operating CF) · Net income (attributable to the company)
formula(net income − operating CF) ÷ average total assets × 100
termsNet income (attributable to the company) · Cash flow from operations (operating CF) · Total assets
Source: each period's Form 10-K (SEC EDGAR). Latest: filed 2026-02-20
Profit bridge (FY2025)
Unit: $M — what moved profit from operating income to net income
- Profit (each stage)
- Pushed profit up
- Pushed profit down
formulaoperating income ÷ income before income taxes × 100
termsOperating income · Income before income taxes (pretax income)
Source: each period's Form 10-K (SEC EDGAR). Latest: filed 2026-02-20
Receivables & inventory days
Unit: days — days grow when receivables or inventory build up faster than sales
- Days sales outstanding
formulaaverage receivables (opening + closing ÷ 2) ÷ revenue × 365
formulaaverage inventory (opening + closing ÷ 2) ÷ cost of revenue × 365
termsInventory · Cost of revenue (COGS)
Worked examples (latest period)
formulacash flow from operations ÷ net income attributable to the company
termsCash flow from operations (operating CF) · Net income (attributable to the company)
formulaoperating income ÷ income before income taxes × 100
e.g.$445M ÷ $278M × 100 = 160%
termsOperating income · Income before income taxes (pretax income)
formulaaverage receivables (opening + closing ÷ 2) ÷ revenue × 365
e.g.($9,242M + $14,398M) ÷ 2 ÷ $17,272M × 365 = 250 days
formulaaverage inventory (opening + closing ÷ 2) ÷ cost of revenue × 365
termsInventory · Cost of revenue (COGS)
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Who holds the sharesFrom SEC dataShow
How much of the stock large institutional investors report owning on SEC Form 13F, how much the directors and executive officers hold (and how much of the vote they control), and roughly how much is left for individual investors. Shown next to beta so the holder mix can be read alongside how much the stock swings.
Institutions, insiders and everyone else, 13F holdings as of 2026-06-30
“Everyone else” is what remains after shares reported on Form 13F and shares held by directors and executive officers: mostly individual investors, plus non-insider families or foundations and smaller or foreign institutions. The figures have different dates and 13F reports count some shares twice — read it as an approximate split.
- Held by 13F filers
- 100%+
- Directors & officers (shares)
- 1.2%
- Everyone else (est.)
- ≈0%
- Directors & officers (voting power)
- 1.2%
- Institutional-ownership rank
- 14 of 416
- Beta (adjusted)
- 0.84
Reported total 108.8%
individuals and other non-13F holders
no separate voting figure; shown as shares
1 = most institutional; 3% of covered companies have more
above 1 = swings more than the market
- 298.6M shares reported by 1,099 13F filers ÷ 274.3M shares outstanding on 2026-07-22. Option positions are excluded.
- The 13F total exceeds shares outstanding because some shares are reported twice — for example shares lent to short sellers and then bought by another manager, or holdings that overlapping managers both report.
- Directors and executive officers as a group, from the proxy statement’s beneficial-ownership table; includes shares they can acquire within 60 days.
- A large “everyone else” share can still reflect a family, trust or foundation stake held outside the board; check the proxy statement’s 5% holders.
Sources: SEC Form 13F data set (holdings as of 2026-06-30) · Form DEF 14A filed 2026-03-26 (beneficial ownership table) · Form 10-Q cover page (shares outstanding as of 2026-07-22)
20
Strengths & weaknessesSite analysis
Strengths
1. Scale after IPG
The merger added McCann, UM, Initiative, Acxiom, Golin and Weber Shandwick; nine-month 2026 revenue rose to $19,228M from $11,743M.
Evidence: Form 10-Q (quarter ended 2026-09-30)
2. Diversified clients
The largest client represented 2.4% of 2025 revenue.
Evidence: Form 10-K (FY2025)
3. Cash generation
Operating cash flow was $2,938M in 2025.
Evidence: Form 10-K (FY2025)
Weaknesses
1. Merger charges
2025 included $1,247M of severance and repositioning costs and a $547M loss on assets held for sale, resulting in a net loss of $54.5M.
Evidence: Form 10-K (FY2025)
2. Higher debt
Long-term debt rose to $7,655M at end-2025 and $9,390M at September 30, 2026.
Evidence: Form 10-Q (quarter ended 2026-09-30)
3. Declining disciplines
Branding & Retail Commerce revenue fell 15.8% and Public Relations 2.2% in 2025 on a constant-currency basis.
Evidence: Form 10-K (FY2025)
21
What draws investors to itSite analysis
Why the stock can look attractive to investors — each point paired with what has to hold for it to stay true, and the opposing view. This is this site's analysis, not a recommendation to buy or sell.
P/E (FY2025)
—
Price at fiscal year-end ÷ diluted EPS
Dividend yield (FY2025)
3.59%
Dividends per share ÷ fiscal year-end price
Payout ratio (FY2025)
—
Dividends per share ÷ diluted EPS
FCF yield (FY2025)
11.0%
(Operating CF − capex) ÷ market cap
1. Industry consolidation
The IPG merger created a larger network with data assets such as Acxiom.
- What has to hold
- Scale and data improve client offerings and efficiency.
- The other side
- Integration costs and client losses.
Evidence: Form 10-Q (quarter ended 2026-09-30)
2. Dividend and buybacks
$2.90 per share dividend for 2025 and a ~$2.5B accelerated repurchase.
- What has to hold
- Cash flow supports shareholder returns.
- The other side
- Debt increased.
Evidence: Form 10-K (FY2025)
2025 results include IPG only from November 26, 2025 and large merger charges; share count rose to about 313M at end-2025.
22
ResilienceSite analysisShow
How well the company could absorb a bad year: its financial buffer, how its revenue and profit held up in the worst year on record, and what the 10-K says about the business's exposure to shocks. Figures and filing statements only — no overall rating.
1. Financial buffer (FY2025)
Cash & short-term investments ÷ debt due within a year
100x+
$6.88B vs. $62M
Interest coverage (operating income ÷ interest expense)
1.7x
$445M vs. $263M
Free cash flow ÷ dividends paid
5.1x
$2.79B vs. $550M (FCF = operating CF − capex)
2. Worst year in the record, and the recovery
| Figure | Worst year-over-year change | Back to the prior level? |
|---|---|---|
| Revenue | -0.0% in FY2022 ($14.29B → $14.29B) | Yes, by FY2023 |
| Operating income | -80.4% in FY2025 ($2.27B → $445M) | Not yet, as of FY2025 |
Covers only the 6 fiscal years on record (FY2020–FY2025), which may not include a full recession — the worst year here isn’t necessarily how the company would fare in a severe downturn.
3. Business resilience (from the 10-K)
Profitable before the merger year
Net income positive every year 2020–2024 (low $945M in 2020); 2025 was a $54.5M loss due to merger charges.
Source: Form 10-K (FY2025)
23
Legal & regulatory mattersSite analysisShow
Lawsuits, government investigations, enforcement actions and settlements the company discloses — where each stands, what is at stake, and what comes next. From the 10-K's Legal Proceedings and contingencies note, the latest 10-Q, and 8-Ks.
Omnicom says it is involved in various legal proceedings in the ordinary course of business and does not expect them to have a material adverse effect.
Company statement:
Based on Form 10-K (FY2025) — Item 3, Legal Proceedings, reviewed 2026-10-31. Routine ordinary-course claims are not listed. “Major” is this site’s judgment of which matters could materially affect results.
24
Risks (including geopolitical)Site analysis
Starting from the 10-K's Risk Factors section, organized by category — geopolitical, currency, raw materials, regulatory, disaster, and more — with impact and likelihood assessed by this site.
Risk map
Vertical = impact on results, horizontal = likelihood. Upper right = most severe. Numbers match the list below (placement is this site’s own assessment).
Likelihood →
"Company disclosure" vs. "this site’s assessment"
The description and mitigation for each risk are this site’s summary of the 10-K’s "Risk Factors" section. Impact and likelihood are this site’s own assessment, not the company’s — where the company discloses its own likelihood assessment, that is noted in the summary.
Impact is judged from how large the affected business is relative to total revenue/profit, and from the risk’s track record of moving results in the past. Likelihood is judged from the filing’s wording and the current business environment (already occurring, or recurring). See the rating criteria.
- 1Demand & macro
Client marketing budgets
- Company disclosure (summarized from the 10-K)
- Clients may cut or delay marketing spend in weak economic conditions.
- Company’s stated mitigation
- Not stated in the filings.
- This site’s assessment
- Impact High / Likelihood High
- 2Competition & technology shift
AI and new technology
- Company disclosure (summarized from the 10-K)
- If competitors or clients adopt AI faster or build in-house capabilities, services could become less attractive.
- Company’s stated mitigation
- Not stated in the filings.
- This site’s assessment
- Impact High / Likelihood High
- 3M&A & integration
IPG integration
- Company disclosure (summarized from the 10-K)
- Synergies may be realized later or not at all; integrating systems and cultures is complex.
- Company’s stated mitigation
- Not stated in the filings.
- This site’s assessment
- Impact High / Likelihood Med
- 4Labor & workforce
Key talent
- Company disclosure (summarized from the 10-K)
- Retaining key management and creative employees is essential.
- Company’s stated mitigation
- Not stated in the filings.
- This site’s assessment
- Impact Med / Likelihood Med
- 5Funding & liquidity
Media purchase exposure
- Company disclosure (summarized from the 10-K)
- Losses on media purchases and production costs incurred on behalf of clients.
- Company’s stated mitigation
- Additional liquidity sources include our $3.5 billion unsecured multi-currency revolving credit facility, or Credit Facility, terminating on November 26, 2030, the ability to issue up to $3 billion of U.S.
- This site’s assessment
- Impact Med / Likelihood Med
25
What changed in the risk factorsFrom SEC data
Paragraphs in the latest 10-K's Risk Factors that have little overlap with the year before, and paragraphs that were dropped.
New or substantially reworded (8)
Failure to adapt to technological developments, including emerging technologies such as generative AI and agentic AI, could adversely affect our competitive position, reputation, client relationships, results of operations and financial condition.
Our industry is highly competitive and subject to rapid technological change. Read more
Our ability to remain competitive depends in part on our ability to anticipate, develop, acquire and integrate new technologies, platforms and capabilities, including data-driven solutions, automation, generative AI and agentic AI. These technologies may require significant and ongoing investment, involve long development cycles and uncertain returns, and may not be accepted by clients or generate expected benefits.
If we fail to keep pace with technological developments, or if competitors or new market entrants adopt new technologies more quickly or effectively, or if our clients develop their own AI-related capabilities, our services could become less attractive to clients, our competitive position could be harmed, and our revenues and profitability could decline. In addition, the use of emerging technologies presents risks related to intellectual property, ethics, data privacy, cybersecurity and regulatory compliance. Any failure to address these risks effectively could adversely affect our reputation, client relationships, business results of operations and financial condition.
Our liquidity, long-term financing needs, credit rating and access to capital markets is dependent on our agencies, operating cash flow.
Our agencies’ operating cash flows have a significant impact on our liquidity and access to short-term and long-term financing in the capital markets. Read more
We maintain a committed, unsecured multi-currency revolving credit facility, which also provides us with the ability to issue commercial paper, and to manage and support our operating liquidity in the short term. In addition, we issue senior long-term notes in the capital markets. If our agencies’ operating cash flow significantly declines or any of these sources were unavailable to us or insufficient, our liquidity and ability to refinance our long-term debt could be impeded. We could be required to restructure our debt, sell assets or take other actions, and our business, results of operations and financial condition would be adversely affected. In addition, our credit rating, which is also dependent on our agencies operating cash flows…
Our future results following the Merger will suffer if we do not effectively manage expanded operations.
The use of personal information is critical to our advertising and marketing services. Read more
We, and third-party vendors acting on our behalf, process personal information relating to individuals, including consumers, clients, employees, and service providers. As a result, we are subject to a complex and evolving framework of federal, state, and foreign privacy, data protection, marketing, advertising, and internet tracking laws, regulations, industry standards, and contractual obligations. These requirements generally mandate disclosures regarding data practices and provide individuals with expanded rights to access, delete, correct, or restrict the use of their personal information, including for targeted advertising.
Regulators and legislators in the European Union, the United Kingdom, and the United States have increasingly focused on the use of online tracking technologies and the sharing of personal information with third parties for targeted or behavioral advertising. This has resulted in new or updated requirements under the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and other U.S. state privacy laws. If these laws or regulations are adopted, interpreted, or enforced in a manner that restricts our current practices, or if private market participants impose limitations on tracking technologies in response to privacy concerns, our digital services could become less effective, more costly to deliver, or subject to additional legal and operational constraints.
No longer in the text (4)
The Merger may not be completed, and the Merger Agreement may be terminated in accordance with its terms.
The Merger is subject to a number of conditions that must be satisfied or waived prior to the completion of the Merger, including, among others, the approval by our stockholders of our share issuance proposal, the approval by IPG stockholders of the proposal to adopt the Merger Agreement, the receipt of requisite regulatory approvals and the approval for listing on the New York Stock Exchange, or NYSE, of the shares of our common stock issuable to IPG stockholders pursuant to the Merger Agreement.
These conditions to the completion of the Merger may not be satisfied or waived in a timely manner or at all, and, accordingly, the Merger may be delayed or may not be completed. Read more
In addition, if the Merger is not completed by December 8, 2025, which date may be extended to June 8, 2026 in certain circumstances, either we or IPG may choose not to proceed with the Merger by terminating the Merger Agreement, and the parties can mutually decide to terminate the Merger Agreement at any time, before or after stockholder approval. In addition, we and IPG may elect to terminate the Merger in certain other circumstances as set forth in the Merger Agreement. If the Merger Agreement is terminated under specified circumstances, Omnicom would be required to pay IPG a termination fee of $676 million. Additionally, if the Merger Agreement is terminated in circumstances where the Omnicom shareholders…
Failure to complete the Merger could negatively impact the price of shares of our common stock, as well as our business and results of operations.
19 more paragraphs differ; the filings below have the full text.
Matched automatically, quoted as filed, and may include rewording of an existing risk. Compares Item 1A of the 10-K filed Feb 20, 2026 ↗ with the 10-K filed Feb 5, 2025 ↗.
26
What to watch going forwardSite analysis
- Realization of IPG merger synergies.
- Disposals of held-for-sale businesses.
- Organic growth by discipline.
- Effect of generative AI on agency fees.
27
Source documentsShow
This page's financial figures come from the Form 10-Ks listed below. Check the original filings for full detail.
Last updated
Analysis last edited: November 6, 2026 · Financial data fetched: October 31, 2026 01:57 (SEC EDGAR) · Source 10-K filed: February 20, 2026
Built on10-K FY2025 · filed 2026-02-20Proxy statement (2026)
Next update expectedAfter FY2026’s 10-K is filed (roughly 60–90 days after fiscal year end (sooner for larger filers)), financials and analysis will be refreshed.
This page is this site’s own analysis based on public information, and does not represent Omnicom Group’s views. It is not a recommendation to buy or sell any security, and this site does not guarantee the accuracy of any figure or statement here. Always verify against the original source documents before making an investment decision.