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Operating Income Contraction
Trending lower, below historical average, structural decline.
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Profit from core business operations before interest and taxes

Latest
$1.44B
↓ 80% below average
Average (9y)
$7.04B
Historical baseline
Range
High:$9.24B
Low:$1.44B
CAGR
-18.4%
Structural decline
PeriodValueChange
2025$1.44B-79.5%
2024$7.00B-10.5%
2023$7.82B-9.8%
2022$8.67B+22.6%
2021$7.07B+0.2%
2020$7.06B+46.8%
2019$4.81B-47.9%
2018$9.24B+11.3%
2017$8.30B-7.8%
2016$9.00B-