2FE.HA
Price
Day trading desk
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
5 more panels on 2FE.HA open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $7.15B | $6.68B | $5.97B | $5.10B | +7.0% |
| Operating revenue | $6.82B | $6.40B | $5.69B | $4.82B | +6.7% |
| Cost of revenue | $3.45B | $3.33B | $3.00B | $2.65B | +3.7% |
| Gross profit | $3.69B | $3.35B | $2.97B | $2.45B | +10.3% |
| Research & development | $918.86M | $894.09M | $881.56M | $775.57M | +2.8% |
| Selling, general & admin | $642.49M | $561.14M | $462.58M | $427.97M | +14.5% |
| Total operating expense | $1.60B | $1.47B | $1.36B | $1.23B | +8.7% |
| Operating income | $2.10B | $1.88B | $1.61B | $1.22B | +11.6% |
| Net interest income | -$7.92M | $8.24M | $5.18M | -$23.69M | -196.1% |
| Pre-tax income | $2.06B | $1.89B | $1.60B | $1.18B | +9.2% |
| Tax provision | $464.12M | $363.04M | $344.90M | $238.47M | +27.8% |
| Net income | $1.60B | $1.52B | $1.25B | $932.61M | +4.9% |
| Net income to common | $1.60B | $1.52B | $1.25B | $932.61M | +4.9% |
| Basic EPS | 8.97 | 8.47 | 6.91 | 5.11 | +5.9% |
| Diluted EPS | 8.96 | 8.46 | 6.90 | 5.09 | +5.9% |
| EBIT | $2.10B | $1.93B | $1.63B | $1.20B | +9.1% |
| EBITDA | $2.77B | $2.60B | $2.29B | $1.75B | +6.6% |
| Basic shares | 178.13M | 179.74M | 181.22M | 182.84M | -0.9% |
| Diluted shares | 178.32M | 179.99M | 181.51M | 183.12M | -0.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.47B | $1.74B | $1.12B | $1.39B | -15.8% |
| Cash & short-term investments | $1.47B | $1.75B | $1.13B | $1.40B | -15.8% |
| Accounts receivable | $360.34M | $349.18M | $261.38M | $232.41M | +3.2% |
| Inventory | $1.11B | $1.09B | $948.51M | $674.66M | +2.4% |
| Total current assets | $4.82B | $5.02B | $3.99B | $3.95B | -3.9% |
| Property, plant & equipment | $2.06B | $1.83B | $1.58B | $1.46B | +12.5% |
| Goodwill & intangibles | $2.42B | $2.33B | $2.20B | $2.09B | +4.0% |
| Total assets | $9.63B | $9.50B | $8.05B | $7.77B | +1.4% |
| Total current liabilities | $2.39B | $2.83B | $1.49B | $2.39B | -15.4% |
| Current debt | $930.96M | $1.31B | $861.70M | $963.48M | -28.8% |
| Long-term debt | $1.79B | $1.92B | $2.40B | $1.79B | -6.6% |
| Total debt | $2.88B | $3.35B | $2.48B | $2.81B | -14.0% |
| Total liabilities | $5.71B | $5.95B | $4.98B | $5.16B | -4.0% |
| Retained earnings | $3.82B | $3.52B | $2.99B | $2.50B | +8.7% |
| Shareholder equity | $3.91B | $3.53B | $3.06B | $2.59B | +10.6% |
| Working capital | $2.43B | $2.19B | $2.50B | $1.56B | +10.9% |
| Net tangible assets | $1.48B | $1.20B | $856.01M | $500.29M | +23.3% |
| Shares issued | 193.92M | 193.92M | 193.92M | 193.92M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $1.60B | $1.53B | $1.26B | $939.29M | +4.8% |
| Depreciation & amortisation | $661.94M | $666.78M | $662.30M | $546.23M | -0.7% |
| Change in working capital | -$88.63M | -$382.62M | -$358.27M | -$146.19M | +76.8% |
| Operating cash flow | $2.35B | $1.93B | $1.72B | $1.40B | +21.9% |
| Capital expenditure | -$943.19M | -$989.15M | -$868.91M | -$804.62M | +4.6% |
| Investing cash flow | -$944.14M | -$987.11M | -$866.45M | -$805.41M | +4.4% |
| Share buybacks | -$785.33M | -$581.08M | -$460.63M | -$396.52M | -35.1% |
| Dividends paid | -$529.71M | -$439.92M | -$328.63M | -$249.52M | -20.4% |
| Financing cash flow | -$1.67B | -$324.76M | -$1.11B | -$553.56M | -413.3% |
| Free cash flow | $1.41B | $937.50M | $847.73M | $598.72M | +50.0% |
| End cash position | $1.47B | $1.74B | $1.12B | $1.39B | -15.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $1.94B | $1.85B | $1.80B | $1.77B | $1.79B | — | +4.9% |
| Operating revenue | $1.84B | $1.77B | $1.70B | $1.69B | $1.71B | — | +3.6% |
| Cost of revenue | $918.65M | $890.14M | $866.71M | $882.18M | $846.59M | — | +3.2% |
| Gross profit | $1.02B | $957.93M | $934.60M | $883.98M | $940.96M | — | +6.4% |
| Research & development | $217.50M | $245.18M | $238.91M | $222.17M | $224.99M | — | -11.3% |
| Selling, general & admin | $188.07M | $160.58M | $173.12M | $160.33M | $159.97M | — | +17.1% |
| Total operating expense | $417.15M | $405.76M | $425.94M | $384.70M | $391.42M | — | +2.8% |
| Operating income | $601.97M | $552.17M | $508.66M | $499.27M | $549.55M | — | +9.0% |
| Net interest income | -$326.00K | -$2.49M | -$4.42M | -$2.58M | $86.00K | — | +86.9% |
| Pre-tax income | $601.02M | $536.83M | $500.99M | $489.38M | $545.00M | — | +12.0% |
| Tax provision | $138.23M | $123.47M | $120.34M | $107.66M | $119.90M | — | +12.0% |
| Net income | $462.24M | $412.86M | $379.69M | $381.32M | $424.27M | — | +12.0% |
| Net income to common | $462.24M | $412.86M | $379.69M | $381.32M | $424.27M | — | +12.0% |
| Basic EPS | 2.63 | 2.33 | 2.14 | — | 2.38 | 2.30 | +12.9% |
| Diluted EPS | 2.62 | 2.33 | 2.14 | — | 2.38 | 2.30 | +12.4% |
| EBIT | $608.70M | $546.84M | $506.63M | $499.91M | $557.18M | — | +11.3% |
| EBITDA | $759.28M | $720.58M | $693.55M | $667.33M | $713.79M | — | +5.4% |
| Basic shares | 176.23M | 176.98M | 177.49M | — | 178.22M | 178.65M | -0.4% |
| Diluted shares | 176.43M | 177.32M | 177.68M | — | 178.43M | 178.89M | -0.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.49B | $1.86B | $1.47B | $1.42B | $1.52B | — | -20.0% |
| Cash & short-term investments | $1.49B | $1.87B | $1.47B | $1.43B | $1.53B | — | -20.2% |
| Accounts receivable | $464.17M | $378.90M | $360.34M | $349.94M | $416.84M | — | +22.5% |
| Inventory | $1.24B | $1.15B | $1.11B | $1.08B | $1.13B | — | +7.5% |
| Total current assets | $5.22B | $5.35B | $4.82B | $4.73B | $4.95B | — | -2.4% |
| Property, plant & equipment | $2.15B | $2.12B | $2.06B | $2.01B | $1.96B | — | +1.2% |
| Goodwill & intangibles | $2.49B | $2.44B | $2.42B | $2.42B | $2.40B | — | +1.9% |
| Total assets | $10.21B | $10.24B | $9.63B | $9.48B | $9.65B | — | -0.2% |
| Total current liabilities | $2.90B | $1.88B | $2.39B | $2.57B | $2.95B | — | +54.5% |
| Current debt | $910.15M | — | $930.96M | $896.07M | $1.18B | $1.31B | — |
| Long-term debt | $2.10B | $2.77B | $1.79B | $1.81B | $1.81B | — | -24.2% |
| Total debt | $3.17B | $2.93B | $2.88B | $2.87B | $3.16B | — | +8.1% |
| Total liabilities | $6.55B | $6.18B | $5.71B | $5.70B | $6.10B | — | +5.9% |
| Retained earnings | $3.64B | $4.02B | $3.82B | $3.67B | $3.41B | — | -9.3% |
| Shareholder equity | $3.66B | $4.05B | $3.91B | $3.77B | $3.54B | — | -9.6% |
| Working capital | $2.31B | $3.47B | $2.43B | $2.17B | $2.01B | — | -33.3% |
| Net tangible assets | $1.17B | $1.60B | $1.48B | $1.35B | $1.14B | — | -27.2% |
| Shares issued | 193.92M | 193.92M | 193.92M | 193.92M | 193.92M | — | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $462.78M | $413.36M | $380.65M | $381.72M | $425.10M | — | +12.0% |
| Depreciation & amortisation | $150.59M | $173.74M | $186.92M | $167.42M | $156.60M | — | -13.3% |
| Change in working capital | -$217.35M | $102.07M | -$29.59M | -$68.89M | -$133.79M | — | -313.0% |
| Operating cash flow | $436.30M | $863.38M | $519.16M | $588.34M | $394.90M | — | -49.5% |
| Capital expenditure | -$235.86M | -$252.85M | -$249.93M | -$230.48M | -$238.99M | — | +6.7% |
| Investing cash flow | -$235.02M | -$252.85M | -$250.75M | -$230.47M | -$238.68M | — | +7.1% |
| Share buybacks | -$208.96M | -$225.80M | -$229.28M | -$132.37M | $0 | — | +7.5% |
| Dividends paid | — | — | -$9.00K | -$31.81M | — | -$1.80M | — |
| Financing cash flow | -$574.44M | -$222.85M | -$218.79M | -$458.13M | -$544.15M | — | -157.8% |
| Free cash flow | $200.44M | $610.53M | $269.23M | $357.85M | $155.91M | — | -67.2% |
| End cash position | $1.49B | $1.86B | $1.47B | $1.42B | $1.52B | — | -20.0% |
Options analytics
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 31, 26 | UBS | MAINTAINED | Buy | Buy |
| Jul 31, 26 | Bernstein | MAINTAINED | Outperform | Outperform |
| Jul 7, 26 | Wolfe Research | INITIATED | — | Outperform |
| Jul 2, 26 | UBS | MAINTAINED | Buy | Buy |
| Jun 15, 26 | Morgan Stanley | UPGRADE | Equal-Weight | Overweight |
| Apr 1, 26 | UBS | MAINTAINED | Buy | Buy |
| Mar 3, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Jan 9, 26 | UBS | MAINTAINED | Buy | Buy |
| Nov 24, 25 | Goldman Sachs | INITIATED | — | Buy |
| Nov 12, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Nov 5, 25 | UBS | MAINTAINED | Buy | Buy |
| Oct 31, 25 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
Headlines
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.