Changes in the numbers

▲

ACN Accenture plc Debt

Debt rose 97%

FY2025 $5.1B→FY2026 $10.1B+97%

Short-term + long-term debt at year end. What management wrote →

▲

ADBE ADOBE INC. Debt

Debt rose 50%

FY2024 $4.1B→FY2025 $6.2B+50%

Short-term + long-term debt at year end. What management wrote →

▼

ADP AUTOMATIC DATA PROCESSING INC Debt

Debt fell 43%

FY2025 $8.7B→FY2026 $5.0B-43%

Short-term + long-term debt at year end. What management wrote →

▲

AJG Arthur J. Gallagher & Co. Debt

Debt rose from $223.0M to $13.5B

FY2024 $223.0M→FY2025 $13.5B+$13.3B

Short-term + long-term debt at year end. What management wrote →

▲

AMD ADVANCED MICRO DEVICES INC Debt

Debt rose 138%

FY2024 $1.7B→FY2025 $4.1B+138%

Short-term + long-term debt at year end. What management wrote →

▲

AME AMETEK INC/ Debt

Debt rose 28%

FY2024 $2.7B→FY2025 $3.5B+28%

Short-term + long-term debt at year end. What management wrote →

▼

APA APA Corp Debt

Debt fell 26%

FY2024 $6.0B→FY2025 $4.5B-26%

Short-term + long-term debt at year end. What management wrote →

▲

APH AMPHENOL CORP /DE/ Debt

Debt rose 125%

FY2024 $6.9B→FY2025 $15.5B+125%

Short-term + long-term debt at year end. What management wrote →

▲

APO Apollo Global Management, Inc. Debt

Debt rose 26%

FY2024 $10.6B→FY2025 $13.4B+26%

Short-term + long-term debt at year end. What management wrote →

▲

AVY Avery Dennison Corp Debt

Debt rose 44%

FY2024 $2.6B→FY2025 $3.7B+44%

Short-term + long-term debt at year end. What management wrote →

▲

AXON AXON ENTERPRISE, INC. Debt

Debt rose 166%

FY2024 $680.3M→FY2025 $1.8B+166%

Short-term + long-term debt at year end. What management wrote →

▼

BAX BAXTER INTERNATIONAL INC Debt

Debt fell 38%

FY2024 $15.3B→FY2025 $9.4B-38%

Short-term + long-term debt at year end. What management wrote →

▲

BE Bloom Energy Corp Debt

Debt rose 111%

FY2024 $1.2B→FY2025 $2.6B+111%

Short-term + long-term debt at year end. What management wrote →

▲

BG Bunge Global SA Debt

Debt rose 125%

FY2024 $6.2B→FY2025 $14.1B+125%

Short-term + long-term debt at year end. What management wrote →

▲

BIIB BIOGEN INC. Debt

Debt rose 38%

FY2024 $4.5B→FY2025 $6.3B+38%

Short-term + long-term debt at year end. What management wrote →

▲

BRO BROWN & BROWN, INC. Debt

Debt rose 99%

FY2024 $3.8B→FY2025 $7.6B+99%

Short-term + long-term debt at year end. What management wrote →

▲

BXP BXP, Inc. Debt

Debt rose 50%

FY2024 $500.0M→FY2025 $750.0M+50%

Short-term + long-term debt at year end. What management wrote →

▲

CBRE CBRE GROUP, INC. Debt

Debt rose 81%

FY2024 $4.2B→FY2025 $7.6B+81%

Short-term + long-term debt at year end. What management wrote →

▲

CIFR Cipher Digital Inc. Debt

Debt rose from $32.3M to $2.7B

FY2024 $32.3M→FY2025 $2.7B+$2.7B

Short-term + long-term debt at year end. What management wrote →

▲

CLSK CLEANSPARK, INC. Debt

Debt rose from $7.2M to $644.6M

FY2024 $7.2M→FY2025 $644.6M+$637.4M

Short-term + long-term debt at year end. What management wrote →

▼

CME CME GROUP INC. Debt

Debt fell 100%

FY2024 $749.8M→FY2025 $0-100%

Short-term + long-term debt at year end. What management wrote →

▲

COIN Coinbase Global, Inc. Debt

Debt rose 66%

FY2024 $4.6B→FY2025 $7.7B+66%

Short-term + long-term debt at year end. What management wrote →

▲

COR Cencora, Inc. Debt

Debt rose 57%

FY2024 $5.0B→FY2025 $7.8B+57%

Short-term + long-term debt at year end. What management wrote →

▲

CPAY CORPAY, INC. Debt

Debt rose 25%

FY2024 $8.0B→FY2025 $10.0B+25%

Short-term + long-term debt at year end. What management wrote →

▲

CRH CRH PUBLIC LTD CO Debt

Debt rose 26%

FY2024 $14.0B→FY2025 $17.7B+26%

Short-term + long-term debt at year end. What management wrote →

▲

CRM Salesforce, Inc. Debt

Debt rose 71%

FY2025 $8.4B→FY2025 $14.4B+71%

Short-term + long-term debt at year end. What management wrote →

▼

CSGP COSTAR GROUP, INC. Debt

Debt fell 86%

FY2024 $1.0B→FY2025 $140.0M-86%

Short-term + long-term debt at year end. What management wrote →

▼

CTAS CINTAS CORP Debt

Debt fell 41%

FY2025 $2.4B→FY2026 $1.4B-41%

Short-term + long-term debt at year end. What management wrote →

▼

CTSH COGNIZANT TECHNOLOGY SOLUTIONS CORP Debt

Debt fell 37%

FY2024 $908.0M→FY2025 $576.0M-37%

Short-term + long-term debt at year end. What management wrote →

▲

CVX CHEVRON CORP Debt

Debt rose 58%

FY2024 $29.5B→FY2025 $46.8B+58%

Short-term + long-term debt at year end. What management wrote →

▼

DD DuPont de Nemours, Inc. Debt

Debt fell 55%

FY2024 $7.2B→FY2025 $3.2B-55%

Short-term + long-term debt at year end. What management wrote →

▲

DELL Dell Technologies Inc. Debt

Debt rose 33%

FY2025 $29.8B→FY2026 $39.5B+33%

Short-term + long-term debt at year end. What management wrote →

▼

DG DOLLAR GENERAL CORP Debt

Debt fell 27%

FY2024 $6.2B→FY2025 $4.6B-27%

Short-term + long-term debt at year end. What management wrote →

▼

DLTR DOLLAR TREE, INC. Debt

Debt fell 29%

FY2024 $3.4B→FY2025 $2.4B-29%

Short-term + long-term debt at year end. What management wrote →

▲

EOG EOG RESOURCES INC Debt

Debt rose 67%

FY2024 $4.8B→FY2025 $7.9B+67%

Short-term + long-term debt at year end. What management wrote →

▼

EQIX EQUINIX INC Debt

Debt fell 87%

FY2024 $15.3B→FY2025 $2.0B-87%

Short-term + long-term debt at year end. What management wrote →

▲

FDXF FedEx Freight Holding Company, Inc. Debt

Debt rose from $73.0M to $4.3B

FY2025 $73.0M→FY2026 $4.3B+$4.2B

Short-term + long-term debt at year end. What management wrote →

▲

FICO FAIR ISAAC CORP Debt

Debt rose 72%

FY2025 $3.1B→FY2026 $5.3B+72%

Short-term + long-term debt at year end. What management wrote →

▲

GEV GE Vernova Inc. Debt

Debt rose 487%

FY2024 $60.0M→FY2025 $352.0M+487%

Short-term + long-term debt at year end. What management wrote →

▲

GLXY Galaxy Digital Inc. Debt

Debt rose 239%

FY2024 $845.2M→FY2025 $2.9B+239%

Short-term + long-term debt at year end. What management wrote →

▲

GME GameStop Corp. Debt

Debt rose from $16.9M to $4.2B

FY2024 $16.9M→FY2025 $4.2B+$4.1B

Short-term + long-term debt at year end. What management wrote →

▲

GOOGL Alphabet Inc. Debt

Debt rose 243%

FY2024 $14.3B→FY2025 $49.1B+243%

Short-term + long-term debt at year end. What management wrote →

▲

GPN GLOBAL PAYMENTS INC Debt

Debt rose 33%

FY2024 $16.2B→FY2025 $21.6B+33%

Short-term + long-term debt at year end. What management wrote →

▲

HST HOST HOTELS & RESORTS, INC. Debt

Debt rose 42%

FY2024 $896.0M→FY2025 $1.3B+42%

Short-term + long-term debt at year end. What management wrote →

▲

HUBB HUBBELL INC Debt

Debt rose 48%

FY2024 $1.6B→FY2025 $2.3B+48%

Short-term + long-term debt at year end. What management wrote →

▼

IFF INTERNATIONAL FLAVORS & FRAGRANCES INC Debt

Debt fell 33%

FY2024 $8.9B→FY2025 $6.0B-33%

Short-term + long-term debt at year end. What management wrote →

▲

INTU INTUIT INC. Debt

Debt rose 28%

FY2025 $6.0B→FY2026 $7.7B+28%

Short-term + long-term debt at year end. What management wrote →

▲

IP INTERNATIONAL PAPER CO /NEW/ Debt

Debt rose 77%

FY2024 $5.6B→FY2025 $9.8B+77%

Short-term + long-term debt at year end. What management wrote →

▲

IVZ Invesco Ltd. Debt

Debt rose 105%

FY2024 $890.6M→FY2025 $1.8B+105%

Short-term + long-term debt at year end. What management wrote →

▲

JBHT HUNT J B TRANSPORT SERVICES INC Debt

Debt rose 50%

FY2024 $977.7M→FY2025 $1.5B+50%

Short-term + long-term debt at year end. What management wrote →

▲

JNJ JOHNSON & JOHNSON Debt

Debt rose 30%

FY2024 $38.4B→FY2025 $49.9B+30%

Short-term + long-term debt at year end. What management wrote →

▲

KEYS Keysight Technologies, Inc. Debt

Debt rose 42%

FY2024 $1.8B→FY2025 $2.5B+42%

Short-term + long-term debt at year end. What management wrote →

▲

LEN LENNAR CORP /NEW/ Debt

Debt rose 40%

FY2024 $4.2B→FY2025 $5.9B+40%

Short-term + long-term debt at year end. What management wrote →

▲

LIN LINDE PLC Debt

Debt rose 25%

FY2024 $21.4B→FY2025 $26.7B+25%

Short-term + long-term debt at year end. What management wrote →

▲

LITE Lumentum Holdings Inc. Debt

Debt rose 25%

FY2025 $2.6B→FY2026 $3.2B+25%

Short-term + long-term debt at year end. What management wrote →

▼

LUV SOUTHWEST AIRLINES CO Debt

Debt fell 26%

FY2024 $6.7B→FY2025 $4.9B-26%

Short-term + long-term debt at year end. What management wrote →

▲

LYV Live Nation Entertainment, Inc. Debt

Debt rose 27%

FY2024 $6.4B→FY2025 $8.2B+27%

Short-term + long-term debt at year end. What management wrote →

▲

MARA MARA Holdings, Inc. Debt

Debt rose 47%

FY2024 $2.4B→FY2025 $3.6B+47%

Short-term + long-term debt at year end. What management wrote →

▲

META Meta Platforms, Inc. Debt

Debt rose 104%

FY2024 $28.8B→FY2025 $58.7B+104%

Short-term + long-term debt at year end. What management wrote →

▲

MRK Merck & Co., Inc. Debt

Debt rose 33%

FY2024 $37.1B→FY2025 $49.3B+33%

Short-term + long-term debt at year end. What management wrote →

▲

MSCI MSCI Inc. Debt

Debt rose 37%

FY2024 $4.5B→FY2025 $6.2B+37%

Short-term + long-term debt at year end. What management wrote →

▲

MSI Motorola Solutions, Inc. Debt

Debt rose 53%

FY2024 $6.0B→FY2025 $9.2B+53%

Short-term + long-term debt at year end. What management wrote →

▼

MU MICRON TECHNOLOGY INC Debt

Debt fell 73%

FY2025 $12.1B→FY2026 $3.3B-73%

Short-term + long-term debt at year end. What management wrote →

▼

NEM NEWMONT Corp /DE/ Debt

Debt fell 40%

FY2024 $8.5B→FY2025 $5.1B-40%

Short-term + long-term debt at year end. What management wrote →

▲

NRG NRG ENERGY, INC. Debt

Debt rose 52%

FY2024 $10.9B→FY2025 $16.6B+52%

Short-term + long-term debt at year end. What management wrote →

▲

O REALTY INCOME CORP Debt

Debt rose 668%

FY2024 $67.3M→FY2025 $516.8M+668%

Short-term + long-term debt at year end. What management wrote →

▲

OMC OMNICOM GROUP INC. Debt

Debt rose 53%

FY2024 $6.1B→FY2025 $9.3B+53%

Short-term + long-term debt at year end. What management wrote →

▲

ORCL ORACLE CORP Debt

Debt rose 40%

FY2025 $92.6B→FY2026 $129.5B+40%

Short-term + long-term debt at year end. What management wrote →

▲

PKG PACKAGING CORP OF AMERICA Debt

Debt rose 60%

FY2024 $2.5B→FY2025 $4.0B+60%

Short-term + long-term debt at year end. What management wrote →

▼

PODD INSULET CORP Debt

Debt fell 31%

FY2024 $1.4B→FY2025 $949.2M-31%

Short-term + long-term debt at year end. What management wrote →

▲

PPG PPG INDUSTRIES INC Debt

Debt rose 26%

FY2024 $5.8B→FY2025 $7.3B+26%

Short-term + long-term debt at year end. What management wrote →

▲

PWR QUANTA SERVICES, INC. Debt

Debt rose 44%

FY2024 $4.2B→FY2025 $6.0B+44%

Short-term + long-term debt at year end. What management wrote →

▲

RIOT Riot Platforms, Inc. Debt

Debt rose 44%

FY2024 $584.6M→FY2025 $840.8M+44%

Short-term + long-term debt at year end. What management wrote →

▼

ROST ROSS STORES, INC. Debt

Debt fell 31%

FY2024 $2.2B→FY2025 $1.5B-31%

Short-term + long-term debt at year end. What management wrote →

▲

SMCI Super Micro Computer, Inc. Debt

Debt rose from $112.5M to $4.1B

FY2025 $112.5M→FY2026 $4.1B+$3.9B

Short-term + long-term debt at year end. What management wrote →

▼

SNDK Sandisk Corp Debt

Debt fell 100%

FY2025 $1.8B→FY2026 $0-100%

Short-term + long-term debt at year end. What management wrote →

▲

SNPS SYNOPSYS INC Debt

Debt rose from $15.6M to $13.5B

FY2024 $15.6M→FY2025 $13.5B+$13.5B

Short-term + long-term debt at year end. What management wrote →

▼

SOLV Solventum Corp Debt

Debt fell 37%

FY2024 $8.0B→FY2025 $5.0B-37%

Short-term + long-term debt at year end. What management wrote →

▲

STLD STEEL DYNAMICS INC Debt

Debt rose 30%

FY2024 $3.2B→FY2025 $4.2B+30%

Short-term + long-term debt at year end. What management wrote →

▼

STX Seagate Technology Holdings plc Debt

Debt fell 29%

FY2027 $5.0B→FY2026 $3.6B-29%

Short-term + long-term debt at year end. What management wrote →

▲

SWKS SKYWORKS SOLUTIONS, INC. Debt

Debt rose 148%

FY2025 $995.8M→FY2026 $2.5B+148%

Short-term + long-term debt at year end. What management wrote →

▲

TKO TKO Group Holdings, Inc. Debt

Debt rose 36%

FY2024 $2.8B→FY2025 $3.8B+36%

Short-term + long-term debt at year end. What management wrote →

▲

TMO THERMO FISHER SCIENTIFIC INC. Debt

Debt rose 28%

FY2024 $33.3B→FY2025 $42.7B+28%

Short-term + long-term debt at year end. What management wrote →

▼

TTWO TAKE TWO INTERACTIVE SOFTWARE INC Debt

Debt fell 31%

FY2025 $3.7B→FY2026 $2.5B-31%

Short-term + long-term debt at year end. What management wrote →

▲

VRSK Verisk Analytics, Inc. Debt

Debt rose 74%

FY2024 $3.6B→FY2025 $6.3B+74%

Short-term + long-term debt at year end. What management wrote →

▲

WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP Debt

Debt rose 39%

FY2024 $4.0B→FY2025 $5.5B+39%

Short-term + long-term debt at year end. What management wrote →

▼

WDC WESTERN DIGITAL CORP Debt

Debt fell 78%

FY2025 $4.7B→FY2026 $1.1B-78%

Short-term + long-term debt at year end. What management wrote →

▲

ZTS Zoetis Inc. Debt

Debt rose 38%

FY2024 $6.6B→FY2025 $9.0B+38%

Short-term + long-term debt at year end. What management wrote →