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Operating Income Contraction
Trending lower, modest growth trend.
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Profit from core business operations before interest and taxes

Latest
$4.33B
Near historical average
Average (9y)
$4.03B
Historical baseline
Range
High:$6.00B
Low:$2.14B
CAGR
+4.8%
Modest growth trend
PeriodValueChange
2025$4.33B-27.8%
2024$6.00B+8.2%
2023$5.55B+25.8%
2022$4.41B+18.2%
2021$3.73B+74.6%
2020$2.14B-47.1%
2019$4.04B+9.5%
2018$3.69B+3.7%
2017$3.56B+25.3%
2016$2.84B-