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What changed: r4 to r5

First sourced backlog-to-revenue and cash model. Separates existing backlog, new orders and customer-funded cash; no double counting of the record project awards.

Retrieval clocks and internal hashes are excluded. Changed source or accounting definitions are not automatically an economic restatement. The authored reason describes the destination revision.

FieldBeforeAfter
/business/descriptionPowell Industries, Inc. is a Delaware corporation founded by William E. Powell in 1947. We develop, design, manufacture and service custom-engineered equipment and systems that distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment. Our major subsidiaries, all of which are wholly owned, include Powell Electrical Systems, Inc.; Powell Canada, Inc.; Powell (UK) Limited; and Powell Industries International Limited. We are headquartered in Houston, Texas and primarily serve the oil and gas and petrochemical markets, the electric utility market, and commercial and other industrial markets. Beyond these major markets, we also provide products and services to the light rail traction power market and other markets that include universities and government entities. We are continuously developing new channels to electrical markets through original equipment manufacturers and distribution market channels. Our website is powellind.com . We make available, free of charge.Powell Industries engineers and manufactures electrical power distribution and control systems for industrial, utility and commercial customers. Custom projects move from order to backlog to delivery and revenue. Data-center demand adds to oil-and-gas and utility work, but engineering capacity, factory execution and customer payment milestones determine margins and cash timing.
/business/drivers/0Beyond these major markets, we also provide products and services to the light rail traction power market and other markets that include universities and.Backlog delivery and new net project orders
/business/drivers/1Houston Electrical Products Manufacturing Facility Expansion In Fiscal 2025, we completed the expansion and improvement project at our electrical products.Project mix, engineering capacity and gross margin
/business/drivers/2The investment will also double the length of the existing shoreline bulkhead to 1,150 feet to support increased schedule flexibility and multiple ship lanes.Customer milestone funding and factory investment
/estimates/basisnot yet estimatedDesk base scenario from the operating model; not consensus.
/estimates/rows/2026Q4/as_ofNone2026-09-19
/estimates/rows/2026Q4/basisNoneDesk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance.
/estimates/rows/2026Q4/classNoneestimate
/estimates/rows/2026Q4/periodNone2026Q4
/estimates/rows/2026Q4/revenueNone342000000.0
/estimates/rows/2027Q1/as_ofNone2026-09-19
/estimates/rows/2027Q1/basisNoneDesk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance.
/estimates/rows/2027Q1/classNoneestimate
/estimates/rows/2027Q1/periodNone2027Q1
/estimates/rows/2027Q1/revenueNone329000000.0
/estimates/rows/2027Q2/as_ofNone2026-09-19
/estimates/rows/2027Q2/basisNoneDesk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance.
/estimates/rows/2027Q2/classNoneestimate
/estimates/rows/2027Q2/periodNone2027Q2
/estimates/rows/2027Q2/revenueNone355000000.0
/estimates/rows/2027Q3/as_ofNone2026-09-19
/estimates/rows/2027Q3/basisNoneDesk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance.
/estimates/rows/2027Q3/classNoneestimate
/estimates/rows/2027Q3/periodNone2027Q3
/estimates/rows/2027Q3/revenueNone394000000.00000006
/meta/business_authoredFalseTrue
/meta/extract_accession0000080420-25-000152None
/meta/extract_filed2025-11-19None
/meta/extract_form10-KNone
/meta/extract_sourcefilingauthored
/meta/extract_urlhttps://www.sec.gov/Archives/edgar/data/80420/000008042025000152/powl-20250930.htmNone
/meta/research_reviewed_atNone2026-09-19
/meta/research_stageNoneoperating_scenarios
/meta/revision45
/meta/skeletonTrueFalse
/operating_model/cells/backlog:shared/basisNoneApproximately $2.4B backlog, rounded company disclosure.
/operating_model/cells/backlog:shared/caseNoneshared
/operating_model/cells/backlog:shared/idNonebacklog
/operating_model/cells/backlog:shared/kindNonereported
/operating_model/cells/backlog:shared/labelNoneJune backlog
/operating_model/cells/backlog:shared/periodNone2026Q3
/operating_model/cells/backlog:shared/source_dateNone2026-08-03
/operating_model/cells/backlog:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000103/ex991-powlq3xfy2026earning.htm
/operating_model/cells/backlog:shared/unitNoneUSD_millions
/operating_model/cells/backlog:shared/valueNone2400.0
/operating_model/cells/backlog_next12:shared/basisNoneCompany approximate timing expectation for the June backlog, not a full forward-revenue forecast.
/operating_model/cells/backlog_next12:shared/caseNoneshared
/operating_model/cells/backlog_next12:shared/idNonebacklog_next12
/operating_model/cells/backlog_next12:shared/kindNonemanagement_guidance
/operating_model/cells/backlog_next12:shared/labelNoneExisting backlog expected revenue in next twelve months
/operating_model/cells/backlog_next12:shared/periodNoneThrough June 2027
/operating_model/cells/backlog_next12:shared/source_dateNone2026-08-04
/operating_model/cells/backlog_next12:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/backlog_next12:shared/unitNoneUSD_millions
/operating_model/cells/backlog_next12:shared/valueNone1300.0
/operating_model/cells/base_2026q4_aftertax:base/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/base_2026q4_aftertax:base/caseNonebase
/operating_model/cells/base_2026q4_aftertax:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_aftertax:base/formula/refs/0Nonebase_2026q4_cash_pretax
/operating_model/cells/base_2026q4_aftertax:base/formula/refs/1Nonebase_2026q4_cash_tax
/operating_model/cells/base_2026q4_aftertax:base/idNonebase_2026q4_aftertax
/operating_model/cells/base_2026q4_aftertax:base/kindNonederived
/operating_model/cells/base_2026q4_aftertax:base/labelNoneCash earnings after tax allowance
/operating_model/cells/base_2026q4_aftertax:base/periodNone2026Q4
/operating_model/cells/base_2026q4_aftertax:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_aftertax:base/valueNone55.58249999999999
/operating_model/cells/base_2026q4_available_backlog:base/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/base_2026q4_available_backlog:base/caseNonebase
/operating_model/cells/base_2026q4_available_backlog:base/formula/opNonesum
/operating_model/cells/base_2026q4_available_backlog:base/formula/refs/0Nonebacklog
/operating_model/cells/base_2026q4_available_backlog:base/formula/refs/1Nonebase_2026q4_new_orders
/operating_model/cells/base_2026q4_available_backlog:base/idNonebase_2026q4_available_backlog
/operating_model/cells/base_2026q4_available_backlog:base/kindNonederived
/operating_model/cells/base_2026q4_available_backlog:base/labelNoneBacklog plus new net orders
/operating_model/cells/base_2026q4_available_backlog:base/periodNone2026Q4
/operating_model/cells/base_2026q4_available_backlog:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_available_backlog:base/valueNone2800.0
/operating_model/cells/base_2026q4_backlog_weight:base/basisNoneFour quarter shares sum to one.
/operating_model/cells/base_2026q4_backlog_weight:base/caseNonebase
/operating_model/cells/base_2026q4_backlog_weight:base/idNonebase_2026q4_backlog_weight
/operating_model/cells/base_2026q4_backlog_weight:base/kindNoneassumption
/operating_model/cells/base_2026q4_backlog_weight:base/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/base_2026q4_backlog_weight:base/periodNone2026Q4
/operating_model/cells/base_2026q4_backlog_weight:base/unitNoneratio
/operating_model/cells/base_2026q4_backlog_weight:base/valueNone0.24
/operating_model/cells/base_2026q4_bookship:base/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/base_2026q4_bookship:base/caseNonebase
/operating_model/cells/base_2026q4_bookship:base/idNonebase_2026q4_bookship
/operating_model/cells/base_2026q4_bookship:base/kindNoneassumption
/operating_model/cells/base_2026q4_bookship:base/labelNoneNew book-and-ship revenue
/operating_model/cells/base_2026q4_bookship:base/periodNone2026Q4
/operating_model/cells/base_2026q4_bookship:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_bookship:base/valueNone30.0
/operating_model/cells/base_2026q4_capex:base/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/base_2026q4_capex:base/caseNonebase
/operating_model/cells/base_2026q4_capex:base/idNonebase_2026q4_capex
/operating_model/cells/base_2026q4_capex:base/kindNoneassumption
/operating_model/cells/base_2026q4_capex:base/labelNoneCash capital expenditures
/operating_model/cells/base_2026q4_capex:base/periodNone2026Q4
/operating_model/cells/base_2026q4_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_capex:base/valueNone10.0
/operating_model/cells/base_2026q4_cash_pretax:base/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/base_2026q4_cash_pretax:base/caseNonebase
/operating_model/cells/base_2026q4_cash_pretax:base/formula/opNonesum
/operating_model/cells/base_2026q4_cash_pretax:base/formula/refs/0Nonebase_2026q4_operating_income
/operating_model/cells/base_2026q4_cash_pretax:base/formula/refs/1Nonebase_2026q4_interest
/operating_model/cells/base_2026q4_cash_pretax:base/idNonebase_2026q4_cash_pretax
/operating_model/cells/base_2026q4_cash_pretax:base/kindNonederived
/operating_model/cells/base_2026q4_cash_pretax:base/labelNoneOperating income plus net interest income
/operating_model/cells/base_2026q4_cash_pretax:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_pretax:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_pretax:base/valueNone74.10999999999999
/operating_model/cells/base_2026q4_cash_tax:base/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/base_2026q4_cash_tax:base/caseNonebase
/operating_model/cells/base_2026q4_cash_tax:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_cash_tax:base/formula/refs/0Nonebase_2026q4_cash_pretax
/operating_model/cells/base_2026q4_cash_tax:base/formula/refs/1Nonebase_2026q4_tax_rate
/operating_model/cells/base_2026q4_cash_tax:base/idNonebase_2026q4_cash_tax
/operating_model/cells/base_2026q4_cash_tax:base/kindNonederived
/operating_model/cells/base_2026q4_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2026q4_cash_tax:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_tax:base/valueNone18.527499999999996
/operating_model/cells/base_2026q4_cfo:base/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/base_2026q4_cfo:base/caseNonebase
/operating_model/cells/base_2026q4_cfo:base/formula/opNonesum
/operating_model/cells/base_2026q4_cfo:base/formula/refs/0Nonebase_2026q4_cfo_before_contract_funding
/operating_model/cells/base_2026q4_cfo:base/formula/refs/1Nonebase_2026q4_contract_funding
/operating_model/cells/base_2026q4_cfo:base/idNonebase_2026q4_cfo
/operating_model/cells/base_2026q4_cfo:base/kindNonederived
/operating_model/cells/base_2026q4_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2026q4_cfo:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cfo:base/valueNone58.93249999999999
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/caseNonebase
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/formula/refs/0Nonebase_2026q4_noncash_bridge
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/formula/refs/1Nonebase_2026q4_other_wc
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/idNonebase_2026q4_cfo_before_contract_funding
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/kindNonederived
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/labelNoneCFO before contract funding
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cfo_before_contract_funding:base/valueNone33.93249999999999
/operating_model/cells/base_2026q4_contract_funding:base/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/base_2026q4_contract_funding:base/caseNonebase
/operating_model/cells/base_2026q4_contract_funding:base/idNonebase_2026q4_contract_funding
/operating_model/cells/base_2026q4_contract_funding:base/kindNoneassumption
/operating_model/cells/base_2026q4_contract_funding:base/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/base_2026q4_contract_funding:base/periodNone2026Q4
/operating_model/cells/base_2026q4_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_contract_funding:base/valueNone25.0
/operating_model/cells/base_2026q4_ending_backlog:base/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/base_2026q4_ending_backlog:base/caseNonebase
/operating_model/cells/base_2026q4_ending_backlog:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_ending_backlog:base/formula/refs/0Nonebase_2026q4_available_backlog
/operating_model/cells/base_2026q4_ending_backlog:base/formula/refs/1Nonebase_2026q4_revenue
/operating_model/cells/base_2026q4_ending_backlog:base/idNonebase_2026q4_ending_backlog
/operating_model/cells/base_2026q4_ending_backlog:base/kindNonederived
/operating_model/cells/base_2026q4_ending_backlog:base/labelNoneEnding backlog
/operating_model/cells/base_2026q4_ending_backlog:base/periodNone2026Q4
/operating_model/cells/base_2026q4_ending_backlog:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_ending_backlog:base/valueNone2458.0
/operating_model/cells/base_2026q4_fcf:base/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/base_2026q4_fcf:base/caseNonebase
/operating_model/cells/base_2026q4_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_fcf:base/formula/refs/0Nonebase_2026q4_cfo
/operating_model/cells/base_2026q4_fcf:base/formula/refs/1Nonebase_2026q4_capex
/operating_model/cells/base_2026q4_fcf:base/idNonebase_2026q4_fcf
/operating_model/cells/base_2026q4_fcf:base/kindNonederived
/operating_model/cells/base_2026q4_fcf:base/labelNoneCFO less capex
/operating_model/cells/base_2026q4_fcf:base/periodNone2026Q4
/operating_model/cells/base_2026q4_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_fcf:base/valueNone48.93249999999999
/operating_model/cells/base_2026q4_gm:base/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/base_2026q4_gm:base/caseNonebase
/operating_model/cells/base_2026q4_gm:base/idNonebase_2026q4_gm
/operating_model/cells/base_2026q4_gm:base/kindNoneassumption
/operating_model/cells/base_2026q4_gm:base/labelNoneGAAP gross margin
/operating_model/cells/base_2026q4_gm:base/periodNone2026Q4
/operating_model/cells/base_2026q4_gm:base/unitNoneratio
/operating_model/cells/base_2026q4_gm:base/valueNone0.3
/operating_model/cells/base_2026q4_gross_profit:base/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/base_2026q4_gross_profit:base/caseNonebase
/operating_model/cells/base_2026q4_gross_profit:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_gross_profit:base/formula/refs/0Nonebase_2026q4_revenue
/operating_model/cells/base_2026q4_gross_profit:base/formula/refs/1Nonebase_2026q4_gm
/operating_model/cells/base_2026q4_gross_profit:base/idNonebase_2026q4_gross_profit
/operating_model/cells/base_2026q4_gross_profit:base/kindNonederived
/operating_model/cells/base_2026q4_gross_profit:base/labelNoneGAAP gross profit
/operating_model/cells/base_2026q4_gross_profit:base/periodNone2026Q4
/operating_model/cells/base_2026q4_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_gross_profit:base/valueNone102.6
/operating_model/cells/base_2026q4_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_interest:base/caseNonebase
/operating_model/cells/base_2026q4_interest:base/idNonebase_2026q4_interest
/operating_model/cells/base_2026q4_interest:base/kindNoneassumption
/operating_model/cells/base_2026q4_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2026q4_interest:base/periodNone2026Q4
/operating_model/cells/base_2026q4_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_interest:base/valueNone4.0
/operating_model/cells/base_2026q4_new_orders:base/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/base_2026q4_new_orders:base/caseNonebase
/operating_model/cells/base_2026q4_new_orders:base/idNonebase_2026q4_new_orders
/operating_model/cells/base_2026q4_new_orders:base/kindNoneassumption
/operating_model/cells/base_2026q4_new_orders:base/labelNoneNew net orders
/operating_model/cells/base_2026q4_new_orders:base/periodNone2026Q4
/operating_model/cells/base_2026q4_new_orders:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_new_orders:base/valueNone400.0
/operating_model/cells/base_2026q4_noncash:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_noncash:base/caseNonebase
/operating_model/cells/base_2026q4_noncash:base/idNonebase_2026q4_noncash
/operating_model/cells/base_2026q4_noncash:base/kindNoneassumption
/operating_model/cells/base_2026q4_noncash:base/labelNoneD&A and stock compensation addback
/operating_model/cells/base_2026q4_noncash:base/periodNone2026Q4
/operating_model/cells/base_2026q4_noncash:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_noncash:base/valueNone4.0
/operating_model/cells/base_2026q4_noncash_bridge:base/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/base_2026q4_noncash_bridge:base/caseNonebase
/operating_model/cells/base_2026q4_noncash_bridge:base/formula/opNonesum
/operating_model/cells/base_2026q4_noncash_bridge:base/formula/refs/0Nonebase_2026q4_aftertax
/operating_model/cells/base_2026q4_noncash_bridge:base/formula/refs/1Nonebase_2026q4_noncash
/operating_model/cells/base_2026q4_noncash_bridge:base/idNonebase_2026q4_noncash_bridge
/operating_model/cells/base_2026q4_noncash_bridge:base/kindNonederived
/operating_model/cells/base_2026q4_noncash_bridge:base/labelNoneCash earnings plus noncash charges
/operating_model/cells/base_2026q4_noncash_bridge:base/periodNone2026Q4
/operating_model/cells/base_2026q4_noncash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_noncash_bridge:base/valueNone59.58249999999999
/operating_model/cells/base_2026q4_old_backlog_revenue:base/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/base_2026q4_old_backlog_revenue:base/caseNonebase
/operating_model/cells/base_2026q4_old_backlog_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_old_backlog_revenue:base/formula/refs/0Nonebase_backlog_conversion
/operating_model/cells/base_2026q4_old_backlog_revenue:base/formula/refs/1Nonebase_2026q4_backlog_weight
/operating_model/cells/base_2026q4_old_backlog_revenue:base/idNonebase_2026q4_old_backlog_revenue
/operating_model/cells/base_2026q4_old_backlog_revenue:base/kindNonederived
/operating_model/cells/base_2026q4_old_backlog_revenue:base/labelNoneRevenue from June 2026 backlog
/operating_model/cells/base_2026q4_old_backlog_revenue:base/periodNone2026Q4
/operating_model/cells/base_2026q4_old_backlog_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_old_backlog_revenue:base/valueNone312.0
/operating_model/cells/base_2026q4_operating_income:base/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/base_2026q4_operating_income:base/caseNonebase
/operating_model/cells/base_2026q4_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_operating_income:base/formula/refs/0Nonebase_2026q4_gross_profit
/operating_model/cells/base_2026q4_operating_income:base/formula/refs/1Nonebase_2026q4_opex
/operating_model/cells/base_2026q4_operating_income:base/idNonebase_2026q4_operating_income
/operating_model/cells/base_2026q4_operating_income:base/kindNonederived
/operating_model/cells/base_2026q4_operating_income:base/labelNoneGAAP operating income
/operating_model/cells/base_2026q4_operating_income:base/periodNone2026Q4
/operating_model/cells/base_2026q4_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_operating_income:base/valueNone70.10999999999999
/operating_model/cells/base_2026q4_opex:base/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/base_2026q4_opex:base/caseNonebase
/operating_model/cells/base_2026q4_opex:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_opex:base/formula/refs/0Nonebase_2026q4_revenue
/operating_model/cells/base_2026q4_opex:base/formula/refs/1Nonebase_2026q4_opex_ratio
/operating_model/cells/base_2026q4_opex:base/idNonebase_2026q4_opex
/operating_model/cells/base_2026q4_opex:base/kindNonederived
/operating_model/cells/base_2026q4_opex:base/labelNoneGAAP operating expenses
/operating_model/cells/base_2026q4_opex:base/periodNone2026Q4
/operating_model/cells/base_2026q4_opex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_opex:base/valueNone32.49
/operating_model/cells/base_2026q4_opex_ratio:base/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/base_2026q4_opex_ratio:base/caseNonebase
/operating_model/cells/base_2026q4_opex_ratio:base/idNonebase_2026q4_opex_ratio
/operating_model/cells/base_2026q4_opex_ratio:base/kindNoneassumption
/operating_model/cells/base_2026q4_opex_ratio:base/labelNoneGAAP operating expense / revenue
/operating_model/cells/base_2026q4_opex_ratio:base/periodNone2026Q4
/operating_model/cells/base_2026q4_opex_ratio:base/unitNoneratio
/operating_model/cells/base_2026q4_opex_ratio:base/valueNone0.095
/operating_model/cells/base_2026q4_other_wc:base/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/base_2026q4_other_wc:base/caseNonebase
/operating_model/cells/base_2026q4_other_wc:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_other_wc:base/formula/refs/0Nonebase_2026q4_revenue
/operating_model/cells/base_2026q4_other_wc:base/formula/refs/1Nonebase_2026q4_wc_ratio
/operating_model/cells/base_2026q4_other_wc:base/idNonebase_2026q4_other_wc
/operating_model/cells/base_2026q4_other_wc:base/kindNonederived
/operating_model/cells/base_2026q4_other_wc:base/labelNoneNon-contract working-capital cash use
/operating_model/cells/base_2026q4_other_wc:base/periodNone2026Q4
/operating_model/cells/base_2026q4_other_wc:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_other_wc:base/valueNone25.65
/operating_model/cells/base_2026q4_revenue:base/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/base_2026q4_revenue:base/caseNonebase
/operating_model/cells/base_2026q4_revenue:base/formula/opNonesum
/operating_model/cells/base_2026q4_revenue:base/formula/refs/0Nonebase_2026q4_old_backlog_revenue
/operating_model/cells/base_2026q4_revenue:base/formula/refs/1Nonebase_2026q4_bookship
/operating_model/cells/base_2026q4_revenue:base/idNonebase_2026q4_revenue
/operating_model/cells/base_2026q4_revenue:base/kindNonederived
/operating_model/cells/base_2026q4_revenue:base/labelNoneRevenue
/operating_model/cells/base_2026q4_revenue:base/periodNone2026Q4
/operating_model/cells/base_2026q4_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_revenue:base/valueNone342.0
/operating_model/cells/base_2026q4_tax_rate:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_tax_rate:base/caseNonebase
/operating_model/cells/base_2026q4_tax_rate:base/idNonebase_2026q4_tax_rate
/operating_model/cells/base_2026q4_tax_rate:base/kindNoneassumption
/operating_model/cells/base_2026q4_tax_rate:base/labelNoneCash tax / pretax income
/operating_model/cells/base_2026q4_tax_rate:base/periodNone2026Q4
/operating_model/cells/base_2026q4_tax_rate:base/unitNoneratio
/operating_model/cells/base_2026q4_tax_rate:base/valueNone0.25
/operating_model/cells/base_2026q4_wc_ratio:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_wc_ratio:base/caseNonebase
/operating_model/cells/base_2026q4_wc_ratio:base/idNonebase_2026q4_wc_ratio
/operating_model/cells/base_2026q4_wc_ratio:base/kindNoneassumption
/operating_model/cells/base_2026q4_wc_ratio:base/labelNoneOther working-capital cash use / revenue
/operating_model/cells/base_2026q4_wc_ratio:base/periodNone2026Q4
/operating_model/cells/base_2026q4_wc_ratio:base/unitNoneratio
/operating_model/cells/base_2026q4_wc_ratio:base/valueNone0.075
/operating_model/cells/base_2027q1_aftertax:base/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/base_2027q1_aftertax:base/caseNonebase
/operating_model/cells/base_2027q1_aftertax:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_aftertax:base/formula/refs/0Nonebase_2027q1_cash_pretax
/operating_model/cells/base_2027q1_aftertax:base/formula/refs/1Nonebase_2027q1_cash_tax
/operating_model/cells/base_2027q1_aftertax:base/idNonebase_2027q1_aftertax
/operating_model/cells/base_2027q1_aftertax:base/kindNonederived
/operating_model/cells/base_2027q1_aftertax:base/labelNoneCash earnings after tax allowance
/operating_model/cells/base_2027q1_aftertax:base/periodNone2027Q1
/operating_model/cells/base_2027q1_aftertax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_aftertax:base/valueNone53.58375000000001
/operating_model/cells/base_2027q1_available_backlog:base/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/base_2027q1_available_backlog:base/caseNonebase
/operating_model/cells/base_2027q1_available_backlog:base/formula/opNonesum
/operating_model/cells/base_2027q1_available_backlog:base/formula/refs/0Nonebase_2026q4_ending_backlog
/operating_model/cells/base_2027q1_available_backlog:base/formula/refs/1Nonebase_2027q1_new_orders
/operating_model/cells/base_2027q1_available_backlog:base/idNonebase_2027q1_available_backlog
/operating_model/cells/base_2027q1_available_backlog:base/kindNonederived
/operating_model/cells/base_2027q1_available_backlog:base/labelNoneBacklog plus new net orders
/operating_model/cells/base_2027q1_available_backlog:base/periodNone2027Q1
/operating_model/cells/base_2027q1_available_backlog:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_available_backlog:base/valueNone2858.0
/operating_model/cells/base_2027q1_backlog_weight:base/basisNoneFour quarter shares sum to one.
/operating_model/cells/base_2027q1_backlog_weight:base/caseNonebase
/operating_model/cells/base_2027q1_backlog_weight:base/idNonebase_2027q1_backlog_weight
/operating_model/cells/base_2027q1_backlog_weight:base/kindNoneassumption
/operating_model/cells/base_2027q1_backlog_weight:base/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/base_2027q1_backlog_weight:base/periodNone2027Q1
/operating_model/cells/base_2027q1_backlog_weight:base/unitNoneratio
/operating_model/cells/base_2027q1_backlog_weight:base/valueNone0.23
/operating_model/cells/base_2027q1_bookship:base/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/base_2027q1_bookship:base/caseNonebase
/operating_model/cells/base_2027q1_bookship:base/idNonebase_2027q1_bookship
/operating_model/cells/base_2027q1_bookship:base/kindNoneassumption
/operating_model/cells/base_2027q1_bookship:base/labelNoneNew book-and-ship revenue
/operating_model/cells/base_2027q1_bookship:base/periodNone2027Q1
/operating_model/cells/base_2027q1_bookship:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_bookship:base/valueNone30.0
/operating_model/cells/base_2027q1_capex:base/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/base_2027q1_capex:base/caseNonebase
/operating_model/cells/base_2027q1_capex:base/idNonebase_2027q1_capex
/operating_model/cells/base_2027q1_capex:base/kindNoneassumption
/operating_model/cells/base_2027q1_capex:base/labelNoneCash capital expenditures
/operating_model/cells/base_2027q1_capex:base/periodNone2027Q1
/operating_model/cells/base_2027q1_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_capex:base/valueNone10.0
/operating_model/cells/base_2027q1_cash_pretax:base/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/base_2027q1_cash_pretax:base/caseNonebase
/operating_model/cells/base_2027q1_cash_pretax:base/formula/opNonesum
/operating_model/cells/base_2027q1_cash_pretax:base/formula/refs/0Nonebase_2027q1_operating_income
/operating_model/cells/base_2027q1_cash_pretax:base/formula/refs/1Nonebase_2027q1_interest
/operating_model/cells/base_2027q1_cash_pretax:base/idNonebase_2027q1_cash_pretax
/operating_model/cells/base_2027q1_cash_pretax:base/kindNonederived
/operating_model/cells/base_2027q1_cash_pretax:base/labelNoneOperating income plus net interest income
/operating_model/cells/base_2027q1_cash_pretax:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_pretax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_pretax:base/valueNone71.44500000000001
/operating_model/cells/base_2027q1_cash_tax:base/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/base_2027q1_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q1_cash_tax:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_cash_tax:base/formula/refs/0Nonebase_2027q1_cash_pretax
/operating_model/cells/base_2027q1_cash_tax:base/formula/refs/1Nonebase_2027q1_tax_rate
/operating_model/cells/base_2027q1_cash_tax:base/idNonebase_2027q1_cash_tax
/operating_model/cells/base_2027q1_cash_tax:base/kindNonederived
/operating_model/cells/base_2027q1_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2027q1_cash_tax:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_tax:base/valueNone17.861250000000002
/operating_model/cells/base_2027q1_cfo:base/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/base_2027q1_cfo:base/caseNonebase
/operating_model/cells/base_2027q1_cfo:base/formula/opNonesum
/operating_model/cells/base_2027q1_cfo:base/formula/refs/0Nonebase_2027q1_cfo_before_contract_funding
/operating_model/cells/base_2027q1_cfo:base/formula/refs/1Nonebase_2027q1_contract_funding
/operating_model/cells/base_2027q1_cfo:base/idNonebase_2027q1_cfo
/operating_model/cells/base_2027q1_cfo:base/kindNonederived
/operating_model/cells/base_2027q1_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2027q1_cfo:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cfo:base/valueNone57.90875000000001
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/caseNonebase
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/formula/refs/0Nonebase_2027q1_noncash_bridge
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/formula/refs/1Nonebase_2027q1_other_wc
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/idNonebase_2027q1_cfo_before_contract_funding
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/kindNonederived
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/labelNoneCFO before contract funding
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cfo_before_contract_funding:base/valueNone32.90875000000001
/operating_model/cells/base_2027q1_contract_funding:base/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/base_2027q1_contract_funding:base/caseNonebase
/operating_model/cells/base_2027q1_contract_funding:base/idNonebase_2027q1_contract_funding
/operating_model/cells/base_2027q1_contract_funding:base/kindNoneassumption
/operating_model/cells/base_2027q1_contract_funding:base/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/base_2027q1_contract_funding:base/periodNone2027Q1
/operating_model/cells/base_2027q1_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_contract_funding:base/valueNone25.0
/operating_model/cells/base_2027q1_ending_backlog:base/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/base_2027q1_ending_backlog:base/caseNonebase
/operating_model/cells/base_2027q1_ending_backlog:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_ending_backlog:base/formula/refs/0Nonebase_2027q1_available_backlog
/operating_model/cells/base_2027q1_ending_backlog:base/formula/refs/1Nonebase_2027q1_revenue
/operating_model/cells/base_2027q1_ending_backlog:base/idNonebase_2027q1_ending_backlog
/operating_model/cells/base_2027q1_ending_backlog:base/kindNonederived
/operating_model/cells/base_2027q1_ending_backlog:base/labelNoneEnding backlog
/operating_model/cells/base_2027q1_ending_backlog:base/periodNone2027Q1
/operating_model/cells/base_2027q1_ending_backlog:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_ending_backlog:base/valueNone2529.0
/operating_model/cells/base_2027q1_fcf:base/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/base_2027q1_fcf:base/caseNonebase
/operating_model/cells/base_2027q1_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_fcf:base/formula/refs/0Nonebase_2027q1_cfo
/operating_model/cells/base_2027q1_fcf:base/formula/refs/1Nonebase_2027q1_capex
/operating_model/cells/base_2027q1_fcf:base/idNonebase_2027q1_fcf
/operating_model/cells/base_2027q1_fcf:base/kindNonederived
/operating_model/cells/base_2027q1_fcf:base/labelNoneCFO less capex
/operating_model/cells/base_2027q1_fcf:base/periodNone2027Q1
/operating_model/cells/base_2027q1_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_fcf:base/valueNone47.90875000000001
/operating_model/cells/base_2027q1_gm:base/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/base_2027q1_gm:base/caseNonebase
/operating_model/cells/base_2027q1_gm:base/idNonebase_2027q1_gm
/operating_model/cells/base_2027q1_gm:base/kindNoneassumption
/operating_model/cells/base_2027q1_gm:base/labelNoneGAAP gross margin
/operating_model/cells/base_2027q1_gm:base/periodNone2027Q1
/operating_model/cells/base_2027q1_gm:base/unitNoneratio
/operating_model/cells/base_2027q1_gm:base/valueNone0.3
/operating_model/cells/base_2027q1_gross_profit:base/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/base_2027q1_gross_profit:base/caseNonebase
/operating_model/cells/base_2027q1_gross_profit:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_gross_profit:base/formula/refs/0Nonebase_2027q1_revenue
/operating_model/cells/base_2027q1_gross_profit:base/formula/refs/1Nonebase_2027q1_gm
/operating_model/cells/base_2027q1_gross_profit:base/idNonebase_2027q1_gross_profit
/operating_model/cells/base_2027q1_gross_profit:base/kindNonederived
/operating_model/cells/base_2027q1_gross_profit:base/labelNoneGAAP gross profit
/operating_model/cells/base_2027q1_gross_profit:base/periodNone2027Q1
/operating_model/cells/base_2027q1_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_gross_profit:base/valueNone98.7
/operating_model/cells/base_2027q1_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_interest:base/caseNonebase
/operating_model/cells/base_2027q1_interest:base/idNonebase_2027q1_interest
/operating_model/cells/base_2027q1_interest:base/kindNoneassumption
/operating_model/cells/base_2027q1_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2027q1_interest:base/periodNone2027Q1
/operating_model/cells/base_2027q1_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_interest:base/valueNone4.0
/operating_model/cells/base_2027q1_new_orders:base/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/base_2027q1_new_orders:base/caseNonebase
/operating_model/cells/base_2027q1_new_orders:base/idNonebase_2027q1_new_orders
/operating_model/cells/base_2027q1_new_orders:base/kindNoneassumption
/operating_model/cells/base_2027q1_new_orders:base/labelNoneNew net orders
/operating_model/cells/base_2027q1_new_orders:base/periodNone2027Q1
/operating_model/cells/base_2027q1_new_orders:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_new_orders:base/valueNone400.0
/operating_model/cells/base_2027q1_noncash:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_noncash:base/caseNonebase
/operating_model/cells/base_2027q1_noncash:base/idNonebase_2027q1_noncash
/operating_model/cells/base_2027q1_noncash:base/kindNoneassumption
/operating_model/cells/base_2027q1_noncash:base/labelNoneD&A and stock compensation addback
/operating_model/cells/base_2027q1_noncash:base/periodNone2027Q1
/operating_model/cells/base_2027q1_noncash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_noncash:base/valueNone4.0
/operating_model/cells/base_2027q1_noncash_bridge:base/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/base_2027q1_noncash_bridge:base/caseNonebase
/operating_model/cells/base_2027q1_noncash_bridge:base/formula/opNonesum
/operating_model/cells/base_2027q1_noncash_bridge:base/formula/refs/0Nonebase_2027q1_aftertax
/operating_model/cells/base_2027q1_noncash_bridge:base/formula/refs/1Nonebase_2027q1_noncash
/operating_model/cells/base_2027q1_noncash_bridge:base/idNonebase_2027q1_noncash_bridge
/operating_model/cells/base_2027q1_noncash_bridge:base/kindNonederived
/operating_model/cells/base_2027q1_noncash_bridge:base/labelNoneCash earnings plus noncash charges
/operating_model/cells/base_2027q1_noncash_bridge:base/periodNone2027Q1
/operating_model/cells/base_2027q1_noncash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_noncash_bridge:base/valueNone57.58375000000001
/operating_model/cells/base_2027q1_old_backlog_revenue:base/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/base_2027q1_old_backlog_revenue:base/caseNonebase
/operating_model/cells/base_2027q1_old_backlog_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_old_backlog_revenue:base/formula/refs/0Nonebase_backlog_conversion
/operating_model/cells/base_2027q1_old_backlog_revenue:base/formula/refs/1Nonebase_2027q1_backlog_weight
/operating_model/cells/base_2027q1_old_backlog_revenue:base/idNonebase_2027q1_old_backlog_revenue
/operating_model/cells/base_2027q1_old_backlog_revenue:base/kindNonederived
/operating_model/cells/base_2027q1_old_backlog_revenue:base/labelNoneRevenue from June 2026 backlog
/operating_model/cells/base_2027q1_old_backlog_revenue:base/periodNone2027Q1
/operating_model/cells/base_2027q1_old_backlog_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_old_backlog_revenue:base/valueNone299.0
/operating_model/cells/base_2027q1_operating_income:base/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/base_2027q1_operating_income:base/caseNonebase
/operating_model/cells/base_2027q1_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_operating_income:base/formula/refs/0Nonebase_2027q1_gross_profit
/operating_model/cells/base_2027q1_operating_income:base/formula/refs/1Nonebase_2027q1_opex
/operating_model/cells/base_2027q1_operating_income:base/idNonebase_2027q1_operating_income
/operating_model/cells/base_2027q1_operating_income:base/kindNonederived
/operating_model/cells/base_2027q1_operating_income:base/labelNoneGAAP operating income
/operating_model/cells/base_2027q1_operating_income:base/periodNone2027Q1
/operating_model/cells/base_2027q1_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_operating_income:base/valueNone67.44500000000001
/operating_model/cells/base_2027q1_opex:base/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/base_2027q1_opex:base/caseNonebase
/operating_model/cells/base_2027q1_opex:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_opex:base/formula/refs/0Nonebase_2027q1_revenue
/operating_model/cells/base_2027q1_opex:base/formula/refs/1Nonebase_2027q1_opex_ratio
/operating_model/cells/base_2027q1_opex:base/idNonebase_2027q1_opex
/operating_model/cells/base_2027q1_opex:base/kindNonederived
/operating_model/cells/base_2027q1_opex:base/labelNoneGAAP operating expenses
/operating_model/cells/base_2027q1_opex:base/periodNone2027Q1
/operating_model/cells/base_2027q1_opex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_opex:base/valueNone31.255
/operating_model/cells/base_2027q1_opex_ratio:base/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/base_2027q1_opex_ratio:base/caseNonebase
/operating_model/cells/base_2027q1_opex_ratio:base/idNonebase_2027q1_opex_ratio
/operating_model/cells/base_2027q1_opex_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q1_opex_ratio:base/labelNoneGAAP operating expense / revenue
/operating_model/cells/base_2027q1_opex_ratio:base/periodNone2027Q1
/operating_model/cells/base_2027q1_opex_ratio:base/unitNoneratio
/operating_model/cells/base_2027q1_opex_ratio:base/valueNone0.095
/operating_model/cells/base_2027q1_other_wc:base/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/base_2027q1_other_wc:base/caseNonebase
/operating_model/cells/base_2027q1_other_wc:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_other_wc:base/formula/refs/0Nonebase_2027q1_revenue
/operating_model/cells/base_2027q1_other_wc:base/formula/refs/1Nonebase_2027q1_wc_ratio
/operating_model/cells/base_2027q1_other_wc:base/idNonebase_2027q1_other_wc
/operating_model/cells/base_2027q1_other_wc:base/kindNonederived
/operating_model/cells/base_2027q1_other_wc:base/labelNoneNon-contract working-capital cash use
/operating_model/cells/base_2027q1_other_wc:base/periodNone2027Q1
/operating_model/cells/base_2027q1_other_wc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_other_wc:base/valueNone24.675
/operating_model/cells/base_2027q1_revenue:base/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/base_2027q1_revenue:base/caseNonebase
/operating_model/cells/base_2027q1_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q1_revenue:base/formula/refs/0Nonebase_2027q1_old_backlog_revenue
/operating_model/cells/base_2027q1_revenue:base/formula/refs/1Nonebase_2027q1_bookship
/operating_model/cells/base_2027q1_revenue:base/idNonebase_2027q1_revenue
/operating_model/cells/base_2027q1_revenue:base/kindNonederived
/operating_model/cells/base_2027q1_revenue:base/labelNoneRevenue
/operating_model/cells/base_2027q1_revenue:base/periodNone2027Q1
/operating_model/cells/base_2027q1_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_revenue:base/valueNone329.0
/operating_model/cells/base_2027q1_tax_rate:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_tax_rate:base/caseNonebase
/operating_model/cells/base_2027q1_tax_rate:base/idNonebase_2027q1_tax_rate
/operating_model/cells/base_2027q1_tax_rate:base/kindNoneassumption
/operating_model/cells/base_2027q1_tax_rate:base/labelNoneCash tax / pretax income
/operating_model/cells/base_2027q1_tax_rate:base/periodNone2027Q1
/operating_model/cells/base_2027q1_tax_rate:base/unitNoneratio
/operating_model/cells/base_2027q1_tax_rate:base/valueNone0.25
/operating_model/cells/base_2027q1_wc_ratio:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_wc_ratio:base/caseNonebase
/operating_model/cells/base_2027q1_wc_ratio:base/idNonebase_2027q1_wc_ratio
/operating_model/cells/base_2027q1_wc_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q1_wc_ratio:base/labelNoneOther working-capital cash use / revenue
/operating_model/cells/base_2027q1_wc_ratio:base/periodNone2027Q1
/operating_model/cells/base_2027q1_wc_ratio:base/unitNoneratio
/operating_model/cells/base_2027q1_wc_ratio:base/valueNone0.075
/operating_model/cells/base_2027q2_aftertax:base/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/base_2027q2_aftertax:base/caseNonebase
/operating_model/cells/base_2027q2_aftertax:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_aftertax:base/formula/refs/0Nonebase_2027q2_cash_pretax
/operating_model/cells/base_2027q2_aftertax:base/formula/refs/1Nonebase_2027q2_cash_tax
/operating_model/cells/base_2027q2_aftertax:base/idNonebase_2027q2_aftertax
/operating_model/cells/base_2027q2_aftertax:base/kindNonederived
/operating_model/cells/base_2027q2_aftertax:base/labelNoneCash earnings after tax allowance
/operating_model/cells/base_2027q2_aftertax:base/periodNone2027Q2
/operating_model/cells/base_2027q2_aftertax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_aftertax:base/valueNone57.581250000000004
/operating_model/cells/base_2027q2_available_backlog:base/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/base_2027q2_available_backlog:base/caseNonebase
/operating_model/cells/base_2027q2_available_backlog:base/formula/opNonesum
/operating_model/cells/base_2027q2_available_backlog:base/formula/refs/0Nonebase_2027q1_ending_backlog
/operating_model/cells/base_2027q2_available_backlog:base/formula/refs/1Nonebase_2027q2_new_orders
/operating_model/cells/base_2027q2_available_backlog:base/idNonebase_2027q2_available_backlog
/operating_model/cells/base_2027q2_available_backlog:base/kindNonederived
/operating_model/cells/base_2027q2_available_backlog:base/labelNoneBacklog plus new net orders
/operating_model/cells/base_2027q2_available_backlog:base/periodNone2027Q2
/operating_model/cells/base_2027q2_available_backlog:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_available_backlog:base/valueNone2979.0
/operating_model/cells/base_2027q2_backlog_weight:base/basisNoneFour quarter shares sum to one.
/operating_model/cells/base_2027q2_backlog_weight:base/caseNonebase
/operating_model/cells/base_2027q2_backlog_weight:base/idNonebase_2027q2_backlog_weight
/operating_model/cells/base_2027q2_backlog_weight:base/kindNoneassumption
/operating_model/cells/base_2027q2_backlog_weight:base/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/base_2027q2_backlog_weight:base/periodNone2027Q2
/operating_model/cells/base_2027q2_backlog_weight:base/unitNoneratio
/operating_model/cells/base_2027q2_backlog_weight:base/valueNone0.25
/operating_model/cells/base_2027q2_bookship:base/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/base_2027q2_bookship:base/caseNonebase
/operating_model/cells/base_2027q2_bookship:base/idNonebase_2027q2_bookship
/operating_model/cells/base_2027q2_bookship:base/kindNoneassumption
/operating_model/cells/base_2027q2_bookship:base/labelNoneNew book-and-ship revenue
/operating_model/cells/base_2027q2_bookship:base/periodNone2027Q2
/operating_model/cells/base_2027q2_bookship:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_bookship:base/valueNone30.0
/operating_model/cells/base_2027q2_capex:base/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/base_2027q2_capex:base/caseNonebase
/operating_model/cells/base_2027q2_capex:base/idNonebase_2027q2_capex
/operating_model/cells/base_2027q2_capex:base/kindNoneassumption
/operating_model/cells/base_2027q2_capex:base/labelNoneCash capital expenditures
/operating_model/cells/base_2027q2_capex:base/periodNone2027Q2
/operating_model/cells/base_2027q2_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_capex:base/valueNone10.0
/operating_model/cells/base_2027q2_cash_pretax:base/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/base_2027q2_cash_pretax:base/caseNonebase
/operating_model/cells/base_2027q2_cash_pretax:base/formula/opNonesum
/operating_model/cells/base_2027q2_cash_pretax:base/formula/refs/0Nonebase_2027q2_operating_income
/operating_model/cells/base_2027q2_cash_pretax:base/formula/refs/1Nonebase_2027q2_interest
/operating_model/cells/base_2027q2_cash_pretax:base/idNonebase_2027q2_cash_pretax
/operating_model/cells/base_2027q2_cash_pretax:base/kindNonederived
/operating_model/cells/base_2027q2_cash_pretax:base/labelNoneOperating income plus net interest income
/operating_model/cells/base_2027q2_cash_pretax:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_pretax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_pretax:base/valueNone76.775
/operating_model/cells/base_2027q2_cash_tax:base/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/base_2027q2_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q2_cash_tax:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_cash_tax:base/formula/refs/0Nonebase_2027q2_cash_pretax
/operating_model/cells/base_2027q2_cash_tax:base/formula/refs/1Nonebase_2027q2_tax_rate
/operating_model/cells/base_2027q2_cash_tax:base/idNonebase_2027q2_cash_tax
/operating_model/cells/base_2027q2_cash_tax:base/kindNonederived
/operating_model/cells/base_2027q2_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2027q2_cash_tax:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_tax:base/valueNone19.19375
/operating_model/cells/base_2027q2_cfo:base/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/base_2027q2_cfo:base/caseNonebase
/operating_model/cells/base_2027q2_cfo:base/formula/opNonesum
/operating_model/cells/base_2027q2_cfo:base/formula/refs/0Nonebase_2027q2_cfo_before_contract_funding
/operating_model/cells/base_2027q2_cfo:base/formula/refs/1Nonebase_2027q2_contract_funding
/operating_model/cells/base_2027q2_cfo:base/idNonebase_2027q2_cfo
/operating_model/cells/base_2027q2_cfo:base/kindNonederived
/operating_model/cells/base_2027q2_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2027q2_cfo:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cfo:base/valueNone59.956250000000004
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/caseNonebase
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/formula/refs/0Nonebase_2027q2_noncash_bridge
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/formula/refs/1Nonebase_2027q2_other_wc
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/idNonebase_2027q2_cfo_before_contract_funding
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/kindNonederived
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/labelNoneCFO before contract funding
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cfo_before_contract_funding:base/valueNone34.956250000000004
/operating_model/cells/base_2027q2_contract_funding:base/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/base_2027q2_contract_funding:base/caseNonebase
/operating_model/cells/base_2027q2_contract_funding:base/idNonebase_2027q2_contract_funding
/operating_model/cells/base_2027q2_contract_funding:base/kindNoneassumption
/operating_model/cells/base_2027q2_contract_funding:base/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/base_2027q2_contract_funding:base/periodNone2027Q2
/operating_model/cells/base_2027q2_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_contract_funding:base/valueNone25.0
/operating_model/cells/base_2027q2_ending_backlog:base/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/base_2027q2_ending_backlog:base/caseNonebase
/operating_model/cells/base_2027q2_ending_backlog:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_ending_backlog:base/formula/refs/0Nonebase_2027q2_available_backlog
/operating_model/cells/base_2027q2_ending_backlog:base/formula/refs/1Nonebase_2027q2_revenue
/operating_model/cells/base_2027q2_ending_backlog:base/idNonebase_2027q2_ending_backlog
/operating_model/cells/base_2027q2_ending_backlog:base/kindNonederived
/operating_model/cells/base_2027q2_ending_backlog:base/labelNoneEnding backlog
/operating_model/cells/base_2027q2_ending_backlog:base/periodNone2027Q2
/operating_model/cells/base_2027q2_ending_backlog:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_ending_backlog:base/valueNone2624.0
/operating_model/cells/base_2027q2_fcf:base/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/base_2027q2_fcf:base/caseNonebase
/operating_model/cells/base_2027q2_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_fcf:base/formula/refs/0Nonebase_2027q2_cfo
/operating_model/cells/base_2027q2_fcf:base/formula/refs/1Nonebase_2027q2_capex
/operating_model/cells/base_2027q2_fcf:base/idNonebase_2027q2_fcf
/operating_model/cells/base_2027q2_fcf:base/kindNonederived
/operating_model/cells/base_2027q2_fcf:base/labelNoneCFO less capex
/operating_model/cells/base_2027q2_fcf:base/periodNone2027Q2
/operating_model/cells/base_2027q2_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_fcf:base/valueNone49.956250000000004
/operating_model/cells/base_2027q2_gm:base/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/base_2027q2_gm:base/caseNonebase
/operating_model/cells/base_2027q2_gm:base/idNonebase_2027q2_gm
/operating_model/cells/base_2027q2_gm:base/kindNoneassumption
/operating_model/cells/base_2027q2_gm:base/labelNoneGAAP gross margin
/operating_model/cells/base_2027q2_gm:base/periodNone2027Q2
/operating_model/cells/base_2027q2_gm:base/unitNoneratio
/operating_model/cells/base_2027q2_gm:base/valueNone0.3
/operating_model/cells/base_2027q2_gross_profit:base/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/base_2027q2_gross_profit:base/caseNonebase
/operating_model/cells/base_2027q2_gross_profit:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_gross_profit:base/formula/refs/0Nonebase_2027q2_revenue
/operating_model/cells/base_2027q2_gross_profit:base/formula/refs/1Nonebase_2027q2_gm
/operating_model/cells/base_2027q2_gross_profit:base/idNonebase_2027q2_gross_profit
/operating_model/cells/base_2027q2_gross_profit:base/kindNonederived
/operating_model/cells/base_2027q2_gross_profit:base/labelNoneGAAP gross profit
/operating_model/cells/base_2027q2_gross_profit:base/periodNone2027Q2
/operating_model/cells/base_2027q2_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_gross_profit:base/valueNone106.5
/operating_model/cells/base_2027q2_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_interest:base/caseNonebase
/operating_model/cells/base_2027q2_interest:base/idNonebase_2027q2_interest
/operating_model/cells/base_2027q2_interest:base/kindNoneassumption
/operating_model/cells/base_2027q2_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2027q2_interest:base/periodNone2027Q2
/operating_model/cells/base_2027q2_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_interest:base/valueNone4.0
/operating_model/cells/base_2027q2_new_orders:base/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/base_2027q2_new_orders:base/caseNonebase
/operating_model/cells/base_2027q2_new_orders:base/idNonebase_2027q2_new_orders
/operating_model/cells/base_2027q2_new_orders:base/kindNoneassumption
/operating_model/cells/base_2027q2_new_orders:base/labelNoneNew net orders
/operating_model/cells/base_2027q2_new_orders:base/periodNone2027Q2
/operating_model/cells/base_2027q2_new_orders:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_new_orders:base/valueNone450.0
/operating_model/cells/base_2027q2_noncash:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_noncash:base/caseNonebase
/operating_model/cells/base_2027q2_noncash:base/idNonebase_2027q2_noncash
/operating_model/cells/base_2027q2_noncash:base/kindNoneassumption
/operating_model/cells/base_2027q2_noncash:base/labelNoneD&A and stock compensation addback
/operating_model/cells/base_2027q2_noncash:base/periodNone2027Q2
/operating_model/cells/base_2027q2_noncash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_noncash:base/valueNone4.0
/operating_model/cells/base_2027q2_noncash_bridge:base/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/base_2027q2_noncash_bridge:base/caseNonebase
/operating_model/cells/base_2027q2_noncash_bridge:base/formula/opNonesum
/operating_model/cells/base_2027q2_noncash_bridge:base/formula/refs/0Nonebase_2027q2_aftertax
/operating_model/cells/base_2027q2_noncash_bridge:base/formula/refs/1Nonebase_2027q2_noncash
/operating_model/cells/base_2027q2_noncash_bridge:base/idNonebase_2027q2_noncash_bridge
/operating_model/cells/base_2027q2_noncash_bridge:base/kindNonederived
/operating_model/cells/base_2027q2_noncash_bridge:base/labelNoneCash earnings plus noncash charges
/operating_model/cells/base_2027q2_noncash_bridge:base/periodNone2027Q2
/operating_model/cells/base_2027q2_noncash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_noncash_bridge:base/valueNone61.581250000000004
/operating_model/cells/base_2027q2_old_backlog_revenue:base/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/base_2027q2_old_backlog_revenue:base/caseNonebase
/operating_model/cells/base_2027q2_old_backlog_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_old_backlog_revenue:base/formula/refs/0Nonebase_backlog_conversion
/operating_model/cells/base_2027q2_old_backlog_revenue:base/formula/refs/1Nonebase_2027q2_backlog_weight
/operating_model/cells/base_2027q2_old_backlog_revenue:base/idNonebase_2027q2_old_backlog_revenue
/operating_model/cells/base_2027q2_old_backlog_revenue:base/kindNonederived
/operating_model/cells/base_2027q2_old_backlog_revenue:base/labelNoneRevenue from June 2026 backlog
/operating_model/cells/base_2027q2_old_backlog_revenue:base/periodNone2027Q2
/operating_model/cells/base_2027q2_old_backlog_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_old_backlog_revenue:base/valueNone325.0
/operating_model/cells/base_2027q2_operating_income:base/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/base_2027q2_operating_income:base/caseNonebase
/operating_model/cells/base_2027q2_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_operating_income:base/formula/refs/0Nonebase_2027q2_gross_profit
/operating_model/cells/base_2027q2_operating_income:base/formula/refs/1Nonebase_2027q2_opex
/operating_model/cells/base_2027q2_operating_income:base/idNonebase_2027q2_operating_income
/operating_model/cells/base_2027q2_operating_income:base/kindNonederived
/operating_model/cells/base_2027q2_operating_income:base/labelNoneGAAP operating income
/operating_model/cells/base_2027q2_operating_income:base/periodNone2027Q2
/operating_model/cells/base_2027q2_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_operating_income:base/valueNone72.775
/operating_model/cells/base_2027q2_opex:base/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/base_2027q2_opex:base/caseNonebase
/operating_model/cells/base_2027q2_opex:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_opex:base/formula/refs/0Nonebase_2027q2_revenue
/operating_model/cells/base_2027q2_opex:base/formula/refs/1Nonebase_2027q2_opex_ratio
/operating_model/cells/base_2027q2_opex:base/idNonebase_2027q2_opex
/operating_model/cells/base_2027q2_opex:base/kindNonederived
/operating_model/cells/base_2027q2_opex:base/labelNoneGAAP operating expenses
/operating_model/cells/base_2027q2_opex:base/periodNone2027Q2
/operating_model/cells/base_2027q2_opex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_opex:base/valueNone33.725
/operating_model/cells/base_2027q2_opex_ratio:base/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/base_2027q2_opex_ratio:base/caseNonebase
/operating_model/cells/base_2027q2_opex_ratio:base/idNonebase_2027q2_opex_ratio
/operating_model/cells/base_2027q2_opex_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q2_opex_ratio:base/labelNoneGAAP operating expense / revenue
/operating_model/cells/base_2027q2_opex_ratio:base/periodNone2027Q2
/operating_model/cells/base_2027q2_opex_ratio:base/unitNoneratio
/operating_model/cells/base_2027q2_opex_ratio:base/valueNone0.095
/operating_model/cells/base_2027q2_other_wc:base/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/base_2027q2_other_wc:base/caseNonebase
/operating_model/cells/base_2027q2_other_wc:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_other_wc:base/formula/refs/0Nonebase_2027q2_revenue
/operating_model/cells/base_2027q2_other_wc:base/formula/refs/1Nonebase_2027q2_wc_ratio
/operating_model/cells/base_2027q2_other_wc:base/idNonebase_2027q2_other_wc
/operating_model/cells/base_2027q2_other_wc:base/kindNonederived
/operating_model/cells/base_2027q2_other_wc:base/labelNoneNon-contract working-capital cash use
/operating_model/cells/base_2027q2_other_wc:base/periodNone2027Q2
/operating_model/cells/base_2027q2_other_wc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_other_wc:base/valueNone26.625
/operating_model/cells/base_2027q2_revenue:base/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/base_2027q2_revenue:base/caseNonebase
/operating_model/cells/base_2027q2_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q2_revenue:base/formula/refs/0Nonebase_2027q2_old_backlog_revenue
/operating_model/cells/base_2027q2_revenue:base/formula/refs/1Nonebase_2027q2_bookship
/operating_model/cells/base_2027q2_revenue:base/idNonebase_2027q2_revenue
/operating_model/cells/base_2027q2_revenue:base/kindNonederived
/operating_model/cells/base_2027q2_revenue:base/labelNoneRevenue
/operating_model/cells/base_2027q2_revenue:base/periodNone2027Q2
/operating_model/cells/base_2027q2_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_revenue:base/valueNone355.0
/operating_model/cells/base_2027q2_tax_rate:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_tax_rate:base/caseNonebase
/operating_model/cells/base_2027q2_tax_rate:base/idNonebase_2027q2_tax_rate
/operating_model/cells/base_2027q2_tax_rate:base/kindNoneassumption
/operating_model/cells/base_2027q2_tax_rate:base/labelNoneCash tax / pretax income
/operating_model/cells/base_2027q2_tax_rate:base/periodNone2027Q2
/operating_model/cells/base_2027q2_tax_rate:base/unitNoneratio
/operating_model/cells/base_2027q2_tax_rate:base/valueNone0.25
/operating_model/cells/base_2027q2_wc_ratio:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_wc_ratio:base/caseNonebase
/operating_model/cells/base_2027q2_wc_ratio:base/idNonebase_2027q2_wc_ratio
/operating_model/cells/base_2027q2_wc_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q2_wc_ratio:base/labelNoneOther working-capital cash use / revenue
/operating_model/cells/base_2027q2_wc_ratio:base/periodNone2027Q2
/operating_model/cells/base_2027q2_wc_ratio:base/unitNoneratio
/operating_model/cells/base_2027q2_wc_ratio:base/valueNone0.075
/operating_model/cells/base_2027q3_aftertax:base/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/base_2027q3_aftertax:base/caseNonebase
/operating_model/cells/base_2027q3_aftertax:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_aftertax:base/formula/refs/0Nonebase_2027q3_cash_pretax
/operating_model/cells/base_2027q3_aftertax:base/formula/refs/1Nonebase_2027q3_cash_tax
/operating_model/cells/base_2027q3_aftertax:base/idNonebase_2027q3_aftertax
/operating_model/cells/base_2027q3_aftertax:base/kindNonederived
/operating_model/cells/base_2027q3_aftertax:base/labelNoneCash earnings after tax allowance
/operating_model/cells/base_2027q3_aftertax:base/periodNone2027Q3
/operating_model/cells/base_2027q3_aftertax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_aftertax:base/valueNone63.57750000000001
/operating_model/cells/base_2027q3_available_backlog:base/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/base_2027q3_available_backlog:base/caseNonebase
/operating_model/cells/base_2027q3_available_backlog:base/formula/opNonesum
/operating_model/cells/base_2027q3_available_backlog:base/formula/refs/0Nonebase_2027q2_ending_backlog
/operating_model/cells/base_2027q3_available_backlog:base/formula/refs/1Nonebase_2027q3_new_orders
/operating_model/cells/base_2027q3_available_backlog:base/idNonebase_2027q3_available_backlog
/operating_model/cells/base_2027q3_available_backlog:base/kindNonederived
/operating_model/cells/base_2027q3_available_backlog:base/labelNoneBacklog plus new net orders
/operating_model/cells/base_2027q3_available_backlog:base/periodNone2027Q3
/operating_model/cells/base_2027q3_available_backlog:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_available_backlog:base/valueNone3074.0
/operating_model/cells/base_2027q3_backlog_weight:base/basisNoneFour quarter shares sum to one.
/operating_model/cells/base_2027q3_backlog_weight:base/caseNonebase
/operating_model/cells/base_2027q3_backlog_weight:base/idNonebase_2027q3_backlog_weight
/operating_model/cells/base_2027q3_backlog_weight:base/kindNoneassumption
/operating_model/cells/base_2027q3_backlog_weight:base/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/base_2027q3_backlog_weight:base/periodNone2027Q3
/operating_model/cells/base_2027q3_backlog_weight:base/unitNoneratio
/operating_model/cells/base_2027q3_backlog_weight:base/valueNone0.28
/operating_model/cells/base_2027q3_bookship:base/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/base_2027q3_bookship:base/caseNonebase
/operating_model/cells/base_2027q3_bookship:base/idNonebase_2027q3_bookship
/operating_model/cells/base_2027q3_bookship:base/kindNoneassumption
/operating_model/cells/base_2027q3_bookship:base/labelNoneNew book-and-ship revenue
/operating_model/cells/base_2027q3_bookship:base/periodNone2027Q3
/operating_model/cells/base_2027q3_bookship:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_bookship:base/valueNone30.0
/operating_model/cells/base_2027q3_capex:base/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/base_2027q3_capex:base/caseNonebase
/operating_model/cells/base_2027q3_capex:base/idNonebase_2027q3_capex
/operating_model/cells/base_2027q3_capex:base/kindNoneassumption
/operating_model/cells/base_2027q3_capex:base/labelNoneCash capital expenditures
/operating_model/cells/base_2027q3_capex:base/periodNone2027Q3
/operating_model/cells/base_2027q3_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_capex:base/valueNone10.0
/operating_model/cells/base_2027q3_cash_pretax:base/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/base_2027q3_cash_pretax:base/caseNonebase
/operating_model/cells/base_2027q3_cash_pretax:base/formula/opNonesum
/operating_model/cells/base_2027q3_cash_pretax:base/formula/refs/0Nonebase_2027q3_operating_income
/operating_model/cells/base_2027q3_cash_pretax:base/formula/refs/1Nonebase_2027q3_interest
/operating_model/cells/base_2027q3_cash_pretax:base/idNonebase_2027q3_cash_pretax
/operating_model/cells/base_2027q3_cash_pretax:base/kindNonederived
/operating_model/cells/base_2027q3_cash_pretax:base/labelNoneOperating income plus net interest income
/operating_model/cells/base_2027q3_cash_pretax:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_pretax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_pretax:base/valueNone84.77000000000001
/operating_model/cells/base_2027q3_cash_tax:base/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/base_2027q3_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q3_cash_tax:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_cash_tax:base/formula/refs/0Nonebase_2027q3_cash_pretax
/operating_model/cells/base_2027q3_cash_tax:base/formula/refs/1Nonebase_2027q3_tax_rate
/operating_model/cells/base_2027q3_cash_tax:base/idNonebase_2027q3_cash_tax
/operating_model/cells/base_2027q3_cash_tax:base/kindNonederived
/operating_model/cells/base_2027q3_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2027q3_cash_tax:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_tax:base/valueNone21.192500000000003
/operating_model/cells/base_2027q3_cfo:base/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/base_2027q3_cfo:base/caseNonebase
/operating_model/cells/base_2027q3_cfo:base/formula/opNonesum
/operating_model/cells/base_2027q3_cfo:base/formula/refs/0Nonebase_2027q3_cfo_before_contract_funding
/operating_model/cells/base_2027q3_cfo:base/formula/refs/1Nonebase_2027q3_contract_funding
/operating_model/cells/base_2027q3_cfo:base/idNonebase_2027q3_cfo
/operating_model/cells/base_2027q3_cfo:base/kindNonederived
/operating_model/cells/base_2027q3_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2027q3_cfo:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cfo:base/valueNone63.02750000000001
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/caseNonebase
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/formula/refs/0Nonebase_2027q3_noncash_bridge
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/formula/refs/1Nonebase_2027q3_other_wc
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/idNonebase_2027q3_cfo_before_contract_funding
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/kindNonederived
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/labelNoneCFO before contract funding
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cfo_before_contract_funding:base/valueNone38.02750000000001
/operating_model/cells/base_2027q3_contract_funding:base/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/base_2027q3_contract_funding:base/caseNonebase
/operating_model/cells/base_2027q3_contract_funding:base/idNonebase_2027q3_contract_funding
/operating_model/cells/base_2027q3_contract_funding:base/kindNoneassumption
/operating_model/cells/base_2027q3_contract_funding:base/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/base_2027q3_contract_funding:base/periodNone2027Q3
/operating_model/cells/base_2027q3_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_contract_funding:base/valueNone25.0
/operating_model/cells/base_2027q3_ending_backlog:base/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/base_2027q3_ending_backlog:base/caseNonebase
/operating_model/cells/base_2027q3_ending_backlog:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_ending_backlog:base/formula/refs/0Nonebase_2027q3_available_backlog
/operating_model/cells/base_2027q3_ending_backlog:base/formula/refs/1Nonebase_2027q3_revenue
/operating_model/cells/base_2027q3_ending_backlog:base/idNonebase_2027q3_ending_backlog
/operating_model/cells/base_2027q3_ending_backlog:base/kindNonederived
/operating_model/cells/base_2027q3_ending_backlog:base/labelNoneEnding backlog
/operating_model/cells/base_2027q3_ending_backlog:base/periodNone2027Q3
/operating_model/cells/base_2027q3_ending_backlog:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_ending_backlog:base/valueNone2680.0
/operating_model/cells/base_2027q3_fcf:base/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/base_2027q3_fcf:base/caseNonebase
/operating_model/cells/base_2027q3_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_fcf:base/formula/refs/0Nonebase_2027q3_cfo
/operating_model/cells/base_2027q3_fcf:base/formula/refs/1Nonebase_2027q3_capex
/operating_model/cells/base_2027q3_fcf:base/idNonebase_2027q3_fcf
/operating_model/cells/base_2027q3_fcf:base/kindNonederived
/operating_model/cells/base_2027q3_fcf:base/labelNoneCFO less capex
/operating_model/cells/base_2027q3_fcf:base/periodNone2027Q3
/operating_model/cells/base_2027q3_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_fcf:base/valueNone53.02750000000001
/operating_model/cells/base_2027q3_gm:base/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/base_2027q3_gm:base/caseNonebase
/operating_model/cells/base_2027q3_gm:base/idNonebase_2027q3_gm
/operating_model/cells/base_2027q3_gm:base/kindNoneassumption
/operating_model/cells/base_2027q3_gm:base/labelNoneGAAP gross margin
/operating_model/cells/base_2027q3_gm:base/periodNone2027Q3
/operating_model/cells/base_2027q3_gm:base/unitNoneratio
/operating_model/cells/base_2027q3_gm:base/valueNone0.3
/operating_model/cells/base_2027q3_gross_profit:base/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/base_2027q3_gross_profit:base/caseNonebase
/operating_model/cells/base_2027q3_gross_profit:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_gross_profit:base/formula/refs/0Nonebase_2027q3_revenue
/operating_model/cells/base_2027q3_gross_profit:base/formula/refs/1Nonebase_2027q3_gm
/operating_model/cells/base_2027q3_gross_profit:base/idNonebase_2027q3_gross_profit
/operating_model/cells/base_2027q3_gross_profit:base/kindNonederived
/operating_model/cells/base_2027q3_gross_profit:base/labelNoneGAAP gross profit
/operating_model/cells/base_2027q3_gross_profit:base/periodNone2027Q3
/operating_model/cells/base_2027q3_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_gross_profit:base/valueNone118.20000000000002
/operating_model/cells/base_2027q3_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_interest:base/caseNonebase
/operating_model/cells/base_2027q3_interest:base/idNonebase_2027q3_interest
/operating_model/cells/base_2027q3_interest:base/kindNoneassumption
/operating_model/cells/base_2027q3_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2027q3_interest:base/periodNone2027Q3
/operating_model/cells/base_2027q3_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_interest:base/valueNone4.0
/operating_model/cells/base_2027q3_new_orders:base/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/base_2027q3_new_orders:base/caseNonebase
/operating_model/cells/base_2027q3_new_orders:base/idNonebase_2027q3_new_orders
/operating_model/cells/base_2027q3_new_orders:base/kindNoneassumption
/operating_model/cells/base_2027q3_new_orders:base/labelNoneNew net orders
/operating_model/cells/base_2027q3_new_orders:base/periodNone2027Q3
/operating_model/cells/base_2027q3_new_orders:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_new_orders:base/valueNone450.0
/operating_model/cells/base_2027q3_noncash:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_noncash:base/caseNonebase
/operating_model/cells/base_2027q3_noncash:base/idNonebase_2027q3_noncash
/operating_model/cells/base_2027q3_noncash:base/kindNoneassumption
/operating_model/cells/base_2027q3_noncash:base/labelNoneD&A and stock compensation addback
/operating_model/cells/base_2027q3_noncash:base/periodNone2027Q3
/operating_model/cells/base_2027q3_noncash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_noncash:base/valueNone4.0
/operating_model/cells/base_2027q3_noncash_bridge:base/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/base_2027q3_noncash_bridge:base/caseNonebase
/operating_model/cells/base_2027q3_noncash_bridge:base/formula/opNonesum
/operating_model/cells/base_2027q3_noncash_bridge:base/formula/refs/0Nonebase_2027q3_aftertax
/operating_model/cells/base_2027q3_noncash_bridge:base/formula/refs/1Nonebase_2027q3_noncash
/operating_model/cells/base_2027q3_noncash_bridge:base/idNonebase_2027q3_noncash_bridge
/operating_model/cells/base_2027q3_noncash_bridge:base/kindNonederived
/operating_model/cells/base_2027q3_noncash_bridge:base/labelNoneCash earnings plus noncash charges
/operating_model/cells/base_2027q3_noncash_bridge:base/periodNone2027Q3
/operating_model/cells/base_2027q3_noncash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_noncash_bridge:base/valueNone67.57750000000001
/operating_model/cells/base_2027q3_old_backlog_revenue:base/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/base_2027q3_old_backlog_revenue:base/caseNonebase
/operating_model/cells/base_2027q3_old_backlog_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_old_backlog_revenue:base/formula/refs/0Nonebase_backlog_conversion
/operating_model/cells/base_2027q3_old_backlog_revenue:base/formula/refs/1Nonebase_2027q3_backlog_weight
/operating_model/cells/base_2027q3_old_backlog_revenue:base/idNonebase_2027q3_old_backlog_revenue
/operating_model/cells/base_2027q3_old_backlog_revenue:base/kindNonederived
/operating_model/cells/base_2027q3_old_backlog_revenue:base/labelNoneRevenue from June 2026 backlog
/operating_model/cells/base_2027q3_old_backlog_revenue:base/periodNone2027Q3
/operating_model/cells/base_2027q3_old_backlog_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_old_backlog_revenue:base/valueNone364.00000000000006
/operating_model/cells/base_2027q3_operating_income:base/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/base_2027q3_operating_income:base/caseNonebase
/operating_model/cells/base_2027q3_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_operating_income:base/formula/refs/0Nonebase_2027q3_gross_profit
/operating_model/cells/base_2027q3_operating_income:base/formula/refs/1Nonebase_2027q3_opex
/operating_model/cells/base_2027q3_operating_income:base/idNonebase_2027q3_operating_income
/operating_model/cells/base_2027q3_operating_income:base/kindNonederived
/operating_model/cells/base_2027q3_operating_income:base/labelNoneGAAP operating income
/operating_model/cells/base_2027q3_operating_income:base/periodNone2027Q3
/operating_model/cells/base_2027q3_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_operating_income:base/valueNone80.77000000000001
/operating_model/cells/base_2027q3_opex:base/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/base_2027q3_opex:base/caseNonebase
/operating_model/cells/base_2027q3_opex:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_opex:base/formula/refs/0Nonebase_2027q3_revenue
/operating_model/cells/base_2027q3_opex:base/formula/refs/1Nonebase_2027q3_opex_ratio
/operating_model/cells/base_2027q3_opex:base/idNonebase_2027q3_opex
/operating_model/cells/base_2027q3_opex:base/kindNonederived
/operating_model/cells/base_2027q3_opex:base/labelNoneGAAP operating expenses
/operating_model/cells/base_2027q3_opex:base/periodNone2027Q3
/operating_model/cells/base_2027q3_opex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_opex:base/valueNone37.43000000000001
/operating_model/cells/base_2027q3_opex_ratio:base/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/base_2027q3_opex_ratio:base/caseNonebase
/operating_model/cells/base_2027q3_opex_ratio:base/idNonebase_2027q3_opex_ratio
/operating_model/cells/base_2027q3_opex_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q3_opex_ratio:base/labelNoneGAAP operating expense / revenue
/operating_model/cells/base_2027q3_opex_ratio:base/periodNone2027Q3
/operating_model/cells/base_2027q3_opex_ratio:base/unitNoneratio
/operating_model/cells/base_2027q3_opex_ratio:base/valueNone0.095
/operating_model/cells/base_2027q3_other_wc:base/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/base_2027q3_other_wc:base/caseNonebase
/operating_model/cells/base_2027q3_other_wc:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_other_wc:base/formula/refs/0Nonebase_2027q3_revenue
/operating_model/cells/base_2027q3_other_wc:base/formula/refs/1Nonebase_2027q3_wc_ratio
/operating_model/cells/base_2027q3_other_wc:base/idNonebase_2027q3_other_wc
/operating_model/cells/base_2027q3_other_wc:base/kindNonederived
/operating_model/cells/base_2027q3_other_wc:base/labelNoneNon-contract working-capital cash use
/operating_model/cells/base_2027q3_other_wc:base/periodNone2027Q3
/operating_model/cells/base_2027q3_other_wc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_other_wc:base/valueNone29.550000000000004
/operating_model/cells/base_2027q3_revenue:base/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/base_2027q3_revenue:base/caseNonebase
/operating_model/cells/base_2027q3_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q3_revenue:base/formula/refs/0Nonebase_2027q3_old_backlog_revenue
/operating_model/cells/base_2027q3_revenue:base/formula/refs/1Nonebase_2027q3_bookship
/operating_model/cells/base_2027q3_revenue:base/idNonebase_2027q3_revenue
/operating_model/cells/base_2027q3_revenue:base/kindNonederived
/operating_model/cells/base_2027q3_revenue:base/labelNoneRevenue
/operating_model/cells/base_2027q3_revenue:base/periodNone2027Q3
/operating_model/cells/base_2027q3_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_revenue:base/valueNone394.00000000000006
/operating_model/cells/base_2027q3_tax_rate:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_tax_rate:base/caseNonebase
/operating_model/cells/base_2027q3_tax_rate:base/idNonebase_2027q3_tax_rate
/operating_model/cells/base_2027q3_tax_rate:base/kindNoneassumption
/operating_model/cells/base_2027q3_tax_rate:base/labelNoneCash tax / pretax income
/operating_model/cells/base_2027q3_tax_rate:base/periodNone2027Q3
/operating_model/cells/base_2027q3_tax_rate:base/unitNoneratio
/operating_model/cells/base_2027q3_tax_rate:base/valueNone0.25
/operating_model/cells/base_2027q3_wc_ratio:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_wc_ratio:base/caseNonebase
/operating_model/cells/base_2027q3_wc_ratio:base/idNonebase_2027q3_wc_ratio
/operating_model/cells/base_2027q3_wc_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q3_wc_ratio:base/labelNoneOther working-capital cash use / revenue
/operating_model/cells/base_2027q3_wc_ratio:base/periodNone2027Q3
/operating_model/cells/base_2027q3_wc_ratio:base/unitNoneratio
/operating_model/cells/base_2027q3_wc_ratio:base/valueNone0.075
/operating_model/cells/base_2027q4_aftertax:base/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/base_2027q4_aftertax:base/caseNonebase
/operating_model/cells/base_2027q4_aftertax:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_aftertax:base/formula/refs/0Nonebase_2027q4_cash_pretax
/operating_model/cells/base_2027q4_aftertax:base/formula/refs/1Nonebase_2027q4_cash_tax
/operating_model/cells/base_2027q4_aftertax:base/idNonebase_2027q4_aftertax
/operating_model/cells/base_2027q4_aftertax:base/kindNonederived
/operating_model/cells/base_2027q4_aftertax:base/labelNoneCash earnings after tax allowance
/operating_model/cells/base_2027q4_aftertax:base/periodNone2027Q4
/operating_model/cells/base_2027q4_aftertax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_aftertax:base/valueNone68.92799999999998
/operating_model/cells/base_2027q4_available_backlog:base/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/base_2027q4_available_backlog:base/caseNonebase
/operating_model/cells/base_2027q4_available_backlog:base/formula/opNonesum
/operating_model/cells/base_2027q4_available_backlog:base/formula/refs/0Nonebase_2027q3_ending_backlog
/operating_model/cells/base_2027q4_available_backlog:base/formula/refs/1Nonebase_2027q4_new_orders
/operating_model/cells/base_2027q4_available_backlog:base/idNonebase_2027q4_available_backlog
/operating_model/cells/base_2027q4_available_backlog:base/kindNonederived
/operating_model/cells/base_2027q4_available_backlog:base/labelNoneBacklog plus new net orders
/operating_model/cells/base_2027q4_available_backlog:base/periodNone2027Q4
/operating_model/cells/base_2027q4_available_backlog:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_available_backlog:base/valueNone3130.0
/operating_model/cells/base_2027q4_backlog_fraction:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_backlog_fraction:base/caseNonebase
/operating_model/cells/base_2027q4_backlog_fraction:base/idNonebase_2027q4_backlog_fraction
/operating_model/cells/base_2027q4_backlog_fraction:base/kindNoneassumption
/operating_model/cells/base_2027q4_backlog_fraction:base/labelNoneOpening backlog converted in quarter
/operating_model/cells/base_2027q4_backlog_fraction:base/periodNone2027Q4
/operating_model/cells/base_2027q4_backlog_fraction:base/unitNoneratio
/operating_model/cells/base_2027q4_backlog_fraction:base/valueNone0.16
/operating_model/cells/base_2027q4_capex:base/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/base_2027q4_capex:base/caseNonebase
/operating_model/cells/base_2027q4_capex:base/idNonebase_2027q4_capex
/operating_model/cells/base_2027q4_capex:base/kindNoneassumption
/operating_model/cells/base_2027q4_capex:base/labelNoneCash capital expenditures
/operating_model/cells/base_2027q4_capex:base/periodNone2027Q4
/operating_model/cells/base_2027q4_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_capex:base/valueNone10.0
/operating_model/cells/base_2027q4_cash_pretax:base/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/base_2027q4_cash_pretax:base/caseNonebase
/operating_model/cells/base_2027q4_cash_pretax:base/formula/opNonesum
/operating_model/cells/base_2027q4_cash_pretax:base/formula/refs/0Nonebase_2027q4_operating_income
/operating_model/cells/base_2027q4_cash_pretax:base/formula/refs/1Nonebase_2027q4_interest
/operating_model/cells/base_2027q4_cash_pretax:base/idNonebase_2027q4_cash_pretax
/operating_model/cells/base_2027q4_cash_pretax:base/kindNonederived
/operating_model/cells/base_2027q4_cash_pretax:base/labelNoneOperating income plus net interest income
/operating_model/cells/base_2027q4_cash_pretax:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_pretax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_pretax:base/valueNone91.90399999999998
/operating_model/cells/base_2027q4_cash_tax:base/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/base_2027q4_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q4_cash_tax:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_cash_tax:base/formula/refs/0Nonebase_2027q4_cash_pretax
/operating_model/cells/base_2027q4_cash_tax:base/formula/refs/1Nonebase_2027q4_tax_rate
/operating_model/cells/base_2027q4_cash_tax:base/idNonebase_2027q4_cash_tax
/operating_model/cells/base_2027q4_cash_tax:base/kindNonederived
/operating_model/cells/base_2027q4_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2027q4_cash_tax:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_tax:base/valueNone22.975999999999996
/operating_model/cells/base_2027q4_cfo:base/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/base_2027q4_cfo:base/caseNonebase
/operating_model/cells/base_2027q4_cfo:base/formula/opNonesum
/operating_model/cells/base_2027q4_cfo:base/formula/refs/0Nonebase_2027q4_cfo_before_contract_funding
/operating_model/cells/base_2027q4_cfo:base/formula/refs/1Nonebase_2027q4_contract_funding
/operating_model/cells/base_2027q4_cfo:base/idNonebase_2027q4_cfo
/operating_model/cells/base_2027q4_cfo:base/kindNonederived
/operating_model/cells/base_2027q4_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2027q4_cfo:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cfo:base/valueNone65.76799999999999
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/caseNonebase
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/formula/refs/0Nonebase_2027q4_noncash_bridge
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/formula/refs/1Nonebase_2027q4_other_wc
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/idNonebase_2027q4_cfo_before_contract_funding
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/kindNonederived
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/labelNoneCFO before contract funding
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cfo_before_contract_funding:base/valueNone40.76799999999999
/operating_model/cells/base_2027q4_contract_funding:base/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/base_2027q4_contract_funding:base/caseNonebase
/operating_model/cells/base_2027q4_contract_funding:base/idNonebase_2027q4_contract_funding
/operating_model/cells/base_2027q4_contract_funding:base/kindNoneassumption
/operating_model/cells/base_2027q4_contract_funding:base/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/base_2027q4_contract_funding:base/periodNone2027Q4
/operating_model/cells/base_2027q4_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_contract_funding:base/valueNone25.0
/operating_model/cells/base_2027q4_ending_backlog:base/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/base_2027q4_ending_backlog:base/caseNonebase
/operating_model/cells/base_2027q4_ending_backlog:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_ending_backlog:base/formula/refs/0Nonebase_2027q4_available_backlog
/operating_model/cells/base_2027q4_ending_backlog:base/formula/refs/1Nonebase_2027q4_revenue
/operating_model/cells/base_2027q4_ending_backlog:base/idNonebase_2027q4_ending_backlog
/operating_model/cells/base_2027q4_ending_backlog:base/kindNonederived
/operating_model/cells/base_2027q4_ending_backlog:base/labelNoneEnding backlog
/operating_model/cells/base_2027q4_ending_backlog:base/periodNone2027Q4
/operating_model/cells/base_2027q4_ending_backlog:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_ending_backlog:base/valueNone2701.2
/operating_model/cells/base_2027q4_fcf:base/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/base_2027q4_fcf:base/caseNonebase
/operating_model/cells/base_2027q4_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_fcf:base/formula/refs/0Nonebase_2027q4_cfo
/operating_model/cells/base_2027q4_fcf:base/formula/refs/1Nonebase_2027q4_capex
/operating_model/cells/base_2027q4_fcf:base/idNonebase_2027q4_fcf
/operating_model/cells/base_2027q4_fcf:base/kindNonederived
/operating_model/cells/base_2027q4_fcf:base/labelNoneCFO less capex
/operating_model/cells/base_2027q4_fcf:base/periodNone2027Q4
/operating_model/cells/base_2027q4_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_fcf:base/valueNone55.76799999999999
/operating_model/cells/base_2027q4_gm:base/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/base_2027q4_gm:base/caseNonebase
/operating_model/cells/base_2027q4_gm:base/idNonebase_2027q4_gm
/operating_model/cells/base_2027q4_gm:base/kindNoneassumption
/operating_model/cells/base_2027q4_gm:base/labelNoneGAAP gross margin
/operating_model/cells/base_2027q4_gm:base/periodNone2027Q4
/operating_model/cells/base_2027q4_gm:base/unitNoneratio
/operating_model/cells/base_2027q4_gm:base/valueNone0.3
/operating_model/cells/base_2027q4_gross_profit:base/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/base_2027q4_gross_profit:base/caseNonebase
/operating_model/cells/base_2027q4_gross_profit:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_gross_profit:base/formula/refs/0Nonebase_2027q4_revenue
/operating_model/cells/base_2027q4_gross_profit:base/formula/refs/1Nonebase_2027q4_gm
/operating_model/cells/base_2027q4_gross_profit:base/idNonebase_2027q4_gross_profit
/operating_model/cells/base_2027q4_gross_profit:base/kindNonederived
/operating_model/cells/base_2027q4_gross_profit:base/labelNoneGAAP gross profit
/operating_model/cells/base_2027q4_gross_profit:base/periodNone2027Q4
/operating_model/cells/base_2027q4_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_gross_profit:base/valueNone128.64
/operating_model/cells/base_2027q4_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_interest:base/caseNonebase
/operating_model/cells/base_2027q4_interest:base/idNonebase_2027q4_interest
/operating_model/cells/base_2027q4_interest:base/kindNoneassumption
/operating_model/cells/base_2027q4_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2027q4_interest:base/periodNone2027Q4
/operating_model/cells/base_2027q4_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_interest:base/valueNone4.0
/operating_model/cells/base_2027q4_new_orders:base/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/base_2027q4_new_orders:base/caseNonebase
/operating_model/cells/base_2027q4_new_orders:base/idNonebase_2027q4_new_orders
/operating_model/cells/base_2027q4_new_orders:base/kindNoneassumption
/operating_model/cells/base_2027q4_new_orders:base/labelNoneNew net orders
/operating_model/cells/base_2027q4_new_orders:base/periodNone2027Q4
/operating_model/cells/base_2027q4_new_orders:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_new_orders:base/valueNone450.0
/operating_model/cells/base_2027q4_noncash:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_noncash:base/caseNonebase
/operating_model/cells/base_2027q4_noncash:base/idNonebase_2027q4_noncash
/operating_model/cells/base_2027q4_noncash:base/kindNoneassumption
/operating_model/cells/base_2027q4_noncash:base/labelNoneD&A and stock compensation addback
/operating_model/cells/base_2027q4_noncash:base/periodNone2027Q4
/operating_model/cells/base_2027q4_noncash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_noncash:base/valueNone4.0
/operating_model/cells/base_2027q4_noncash_bridge:base/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/base_2027q4_noncash_bridge:base/caseNonebase
/operating_model/cells/base_2027q4_noncash_bridge:base/formula/opNonesum
/operating_model/cells/base_2027q4_noncash_bridge:base/formula/refs/0Nonebase_2027q4_aftertax
/operating_model/cells/base_2027q4_noncash_bridge:base/formula/refs/1Nonebase_2027q4_noncash
/operating_model/cells/base_2027q4_noncash_bridge:base/idNonebase_2027q4_noncash_bridge
/operating_model/cells/base_2027q4_noncash_bridge:base/kindNonederived
/operating_model/cells/base_2027q4_noncash_bridge:base/labelNoneCash earnings plus noncash charges
/operating_model/cells/base_2027q4_noncash_bridge:base/periodNone2027Q4
/operating_model/cells/base_2027q4_noncash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_noncash_bridge:base/valueNone72.92799999999998
/operating_model/cells/base_2027q4_operating_income:base/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/base_2027q4_operating_income:base/caseNonebase
/operating_model/cells/base_2027q4_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_operating_income:base/formula/refs/0Nonebase_2027q4_gross_profit
/operating_model/cells/base_2027q4_operating_income:base/formula/refs/1Nonebase_2027q4_opex
/operating_model/cells/base_2027q4_operating_income:base/idNonebase_2027q4_operating_income
/operating_model/cells/base_2027q4_operating_income:base/kindNonederived
/operating_model/cells/base_2027q4_operating_income:base/labelNoneGAAP operating income
/operating_model/cells/base_2027q4_operating_income:base/periodNone2027Q4
/operating_model/cells/base_2027q4_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_operating_income:base/valueNone87.90399999999998
/operating_model/cells/base_2027q4_opex:base/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/base_2027q4_opex:base/caseNonebase
/operating_model/cells/base_2027q4_opex:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_opex:base/formula/refs/0Nonebase_2027q4_revenue
/operating_model/cells/base_2027q4_opex:base/formula/refs/1Nonebase_2027q4_opex_ratio
/operating_model/cells/base_2027q4_opex:base/idNonebase_2027q4_opex
/operating_model/cells/base_2027q4_opex:base/kindNonederived
/operating_model/cells/base_2027q4_opex:base/labelNoneGAAP operating expenses
/operating_model/cells/base_2027q4_opex:base/periodNone2027Q4
/operating_model/cells/base_2027q4_opex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_opex:base/valueNone40.736000000000004
/operating_model/cells/base_2027q4_opex_ratio:base/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/base_2027q4_opex_ratio:base/caseNonebase
/operating_model/cells/base_2027q4_opex_ratio:base/idNonebase_2027q4_opex_ratio
/operating_model/cells/base_2027q4_opex_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q4_opex_ratio:base/labelNoneGAAP operating expense / revenue
/operating_model/cells/base_2027q4_opex_ratio:base/periodNone2027Q4
/operating_model/cells/base_2027q4_opex_ratio:base/unitNoneratio
/operating_model/cells/base_2027q4_opex_ratio:base/valueNone0.095
/operating_model/cells/base_2027q4_other_wc:base/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/base_2027q4_other_wc:base/caseNonebase
/operating_model/cells/base_2027q4_other_wc:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_other_wc:base/formula/refs/0Nonebase_2027q4_revenue
/operating_model/cells/base_2027q4_other_wc:base/formula/refs/1Nonebase_2027q4_wc_ratio
/operating_model/cells/base_2027q4_other_wc:base/idNonebase_2027q4_other_wc
/operating_model/cells/base_2027q4_other_wc:base/kindNonederived
/operating_model/cells/base_2027q4_other_wc:base/labelNoneNon-contract working-capital cash use
/operating_model/cells/base_2027q4_other_wc:base/periodNone2027Q4
/operating_model/cells/base_2027q4_other_wc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_other_wc:base/valueNone32.16
/operating_model/cells/base_2027q4_revenue:base/basisNoneFifth quarter recognizes a share of the rolled-forward backlog; no additional book-and-ship term.
/operating_model/cells/base_2027q4_revenue:base/caseNonebase
/operating_model/cells/base_2027q4_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_revenue:base/formula/refs/0Nonebase_2027q3_ending_backlog
/operating_model/cells/base_2027q4_revenue:base/formula/refs/1Nonebase_2027q4_backlog_fraction
/operating_model/cells/base_2027q4_revenue:base/idNonebase_2027q4_revenue
/operating_model/cells/base_2027q4_revenue:base/kindNonederived
/operating_model/cells/base_2027q4_revenue:base/labelNoneRevenue from remaining opening backlog
/operating_model/cells/base_2027q4_revenue:base/periodNone2027Q4
/operating_model/cells/base_2027q4_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_revenue:base/valueNone428.8
/operating_model/cells/base_2027q4_tax_rate:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_tax_rate:base/caseNonebase
/operating_model/cells/base_2027q4_tax_rate:base/idNonebase_2027q4_tax_rate
/operating_model/cells/base_2027q4_tax_rate:base/kindNoneassumption
/operating_model/cells/base_2027q4_tax_rate:base/labelNoneCash tax / pretax income
/operating_model/cells/base_2027q4_tax_rate:base/periodNone2027Q4
/operating_model/cells/base_2027q4_tax_rate:base/unitNoneratio
/operating_model/cells/base_2027q4_tax_rate:base/valueNone0.25
/operating_model/cells/base_2027q4_wc_ratio:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_wc_ratio:base/caseNonebase
/operating_model/cells/base_2027q4_wc_ratio:base/idNonebase_2027q4_wc_ratio
/operating_model/cells/base_2027q4_wc_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q4_wc_ratio:base/labelNoneOther working-capital cash use / revenue
/operating_model/cells/base_2027q4_wc_ratio:base/periodNone2027Q4
/operating_model/cells/base_2027q4_wc_ratio:base/unitNoneratio
/operating_model/cells/base_2027q4_wc_ratio:base/valueNone0.075
/operating_model/cells/base_backlog_conversion:base/basisNoneApplies desk timing to the company disclosed subset of backlog.
/operating_model/cells/base_backlog_conversion:base/caseNonebase
/operating_model/cells/base_backlog_conversion:base/formula/opNonemultiply
/operating_model/cells/base_backlog_conversion:base/formula/refs/0Nonebacklog_next12
/operating_model/cells/base_backlog_conversion:base/formula/refs/1Nonebase_delivery
/operating_model/cells/base_backlog_conversion:base/idNonebase_backlog_conversion
/operating_model/cells/base_backlog_conversion:base/kindNonederived
/operating_model/cells/base_backlog_conversion:base/labelNoneExisting June backlog converted in next year
/operating_model/cells/base_backlog_conversion:base/periodNoneNext 12 months
/operating_model/cells/base_backlog_conversion:base/unitNoneUSD_millions
/operating_model/cells/base_backlog_conversion:base/valueNone1300.0
/operating_model/cells/base_delivery:base/basisNoneDesk timing sensitivity; upside accelerates some later backlog, downside shifts it beyond June 2027.
/operating_model/cells/base_delivery:base/caseNonebase
/operating_model/cells/base_delivery:base/idNonebase_delivery
/operating_model/cells/base_delivery:base/kindNoneassumption
/operating_model/cells/base_delivery:base/labelNoneBacklog conversion versus twelve-month expectation
/operating_model/cells/base_delivery:base/periodNoneNext 12 months
/operating_model/cells/base_delivery:base/unitNoneratio
/operating_model/cells/base_delivery:base/valueNone1.0
/operating_model/cells/base_fy2026_capex:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_capex:base/caseNonebase
/operating_model/cells/base_fy2026_capex:base/formula/opNonesum
/operating_model/cells/base_fy2026_capex:base/formula/refs/0Noneytd_capex
/operating_model/cells/base_fy2026_capex:base/formula/refs/1Nonebase_2026q4_capex
/operating_model/cells/base_fy2026_capex:base/idNonebase_fy2026_capex
/operating_model/cells/base_fy2026_capex:base/kindNonederived
/operating_model/cells/base_fy2026_capex:base/labelNoneCash capex ($M)
/operating_model/cells/base_fy2026_capex:base/periodNoneFY2026
/operating_model/cells/base_fy2026_capex:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_capex:base/valueNone20.386
/operating_model/cells/base_fy2026_cfo:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_cfo:base/caseNonebase
/operating_model/cells/base_fy2026_cfo:base/formula/opNonesum
/operating_model/cells/base_fy2026_cfo:base/formula/refs/0Noneytd_cfo
/operating_model/cells/base_fy2026_cfo:base/formula/refs/1Nonebase_2026q4_cfo
/operating_model/cells/base_fy2026_cfo:base/idNonebase_fy2026_cfo
/operating_model/cells/base_fy2026_cfo:base/kindNonederived
/operating_model/cells/base_fy2026_cfo:base/labelNoneOperating cash flow ($M)
/operating_model/cells/base_fy2026_cfo:base/periodNoneFY2026
/operating_model/cells/base_fy2026_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_cfo:base/valueNone253.97050000000002
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/caseNonebase
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/formula/opNonesum
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/formula/refs/0Noneytd_cfo_before_contract_funding
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/formula/refs/1Nonebase_2026q4_cfo_before_contract_funding
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/idNonebase_fy2026_cfo_before_contract_funding
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/kindNonederived
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/labelNoneCFO before contract funding ($M)
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/periodNoneFY2026
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_cfo_before_contract_funding:base/valueNone40.207499999999996
/operating_model/cells/base_fy2026_contract_funding:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_contract_funding:base/caseNonebase
/operating_model/cells/base_fy2026_contract_funding:base/formula/opNonesum
/operating_model/cells/base_fy2026_contract_funding:base/formula/refs/0Noneytd_contract_funding
/operating_model/cells/base_fy2026_contract_funding:base/formula/refs/1Nonebase_2026q4_contract_funding
/operating_model/cells/base_fy2026_contract_funding:base/idNonebase_fy2026_contract_funding
/operating_model/cells/base_fy2026_contract_funding:base/kindNonederived
/operating_model/cells/base_fy2026_contract_funding:base/labelNoneNet contract funding ($M)
/operating_model/cells/base_fy2026_contract_funding:base/periodNoneFY2026
/operating_model/cells/base_fy2026_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_contract_funding:base/valueNone213.763
/operating_model/cells/base_fy2026_fcf:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_fcf:base/caseNonebase
/operating_model/cells/base_fy2026_fcf:base/formula/opNonesum
/operating_model/cells/base_fy2026_fcf:base/formula/refs/0Noneytd_fcf
/operating_model/cells/base_fy2026_fcf:base/formula/refs/1Nonebase_2026q4_fcf
/operating_model/cells/base_fy2026_fcf:base/idNonebase_fy2026_fcf
/operating_model/cells/base_fy2026_fcf:base/kindNonederived
/operating_model/cells/base_fy2026_fcf:base/labelNoneCFO less capex ($M)
/operating_model/cells/base_fy2026_fcf:base/periodNoneFY2026
/operating_model/cells/base_fy2026_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_fcf:base/valueNone233.5845
/operating_model/cells/base_fy2026_gross_profit:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_gross_profit:base/caseNonebase
/operating_model/cells/base_fy2026_gross_profit:base/formula/opNonesum
/operating_model/cells/base_fy2026_gross_profit:base/formula/refs/0Noneytd_gross_profit
/operating_model/cells/base_fy2026_gross_profit:base/formula/refs/1Nonebase_2026q4_gross_profit
/operating_model/cells/base_fy2026_gross_profit:base/idNonebase_fy2026_gross_profit
/operating_model/cells/base_fy2026_gross_profit:base/kindNonederived
/operating_model/cells/base_fy2026_gross_profit:base/labelNoneGAAP gross profit ($M)
/operating_model/cells/base_fy2026_gross_profit:base/periodNoneFY2026
/operating_model/cells/base_fy2026_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_gross_profit:base/valueNone357.253
/operating_model/cells/base_fy2026_operating_income:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_operating_income:base/caseNonebase
/operating_model/cells/base_fy2026_operating_income:base/formula/opNonesum
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/0Noneytd_operating_income
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/1Nonebase_2026q4_operating_income
/operating_model/cells/base_fy2026_operating_income:base/idNonebase_fy2026_operating_income
/operating_model/cells/base_fy2026_operating_income:base/kindNonederived
/operating_model/cells/base_fy2026_operating_income:base/labelNoneGAAP operating income ($M)
/operating_model/cells/base_fy2026_operating_income:base/periodNoneFY2026
/operating_model/cells/base_fy2026_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_operating_income:base/valueNone234.53799999999998
/operating_model/cells/base_fy2026_revenue:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_revenue:base/caseNonebase
/operating_model/cells/base_fy2026_revenue:base/formula/opNonesum
/operating_model/cells/base_fy2026_revenue:base/formula/refs/0Noneytd_revenue
/operating_model/cells/base_fy2026_revenue:base/formula/refs/1Nonebase_2026q4_revenue
/operating_model/cells/base_fy2026_revenue:base/idNonebase_fy2026_revenue
/operating_model/cells/base_fy2026_revenue:base/kindNonederived
/operating_model/cells/base_fy2026_revenue:base/labelNoneRevenue ($M)
/operating_model/cells/base_fy2026_revenue:base/periodNoneFY2026
/operating_model/cells/base_fy2026_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_revenue:base/valueNone1201.539
/operating_model/cells/base_fy2027_capex:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_capex:base/caseNonebase
/operating_model/cells/base_fy2027_capex:base/formula/opNonesum
/operating_model/cells/base_fy2027_capex:base/formula/refs/0Nonebase_2027q1_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/1Nonebase_2027q2_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/2Nonebase_2027q3_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/3Nonebase_2027q4_capex
/operating_model/cells/base_fy2027_capex:base/idNonebase_fy2027_capex
/operating_model/cells/base_fy2027_capex:base/kindNonederived
/operating_model/cells/base_fy2027_capex:base/labelNoneCash capex ($M)
/operating_model/cells/base_fy2027_capex:base/periodNoneFY2027
/operating_model/cells/base_fy2027_capex:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_capex:base/valueNone40.0
/operating_model/cells/base_fy2027_cfo:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_cfo:base/caseNonebase
/operating_model/cells/base_fy2027_cfo:base/formula/opNonesum
/operating_model/cells/base_fy2027_cfo:base/formula/refs/0Nonebase_2027q1_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/1Nonebase_2027q2_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/2Nonebase_2027q3_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/3Nonebase_2027q4_cfo
/operating_model/cells/base_fy2027_cfo:base/idNonebase_fy2027_cfo
/operating_model/cells/base_fy2027_cfo:base/kindNonederived
/operating_model/cells/base_fy2027_cfo:base/labelNoneOperating cash flow ($M)
/operating_model/cells/base_fy2027_cfo:base/periodNoneFY2027
/operating_model/cells/base_fy2027_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_cfo:base/valueNone246.6605
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/caseNonebase
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/formula/opNonesum
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/formula/refs/0Nonebase_2027q1_cfo_before_contract_funding
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/formula/refs/1Nonebase_2027q2_cfo_before_contract_funding
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/formula/refs/2Nonebase_2027q3_cfo_before_contract_funding
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/formula/refs/3Nonebase_2027q4_cfo_before_contract_funding
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/idNonebase_fy2027_cfo_before_contract_funding
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/kindNonederived
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/labelNoneCFO before contract funding ($M)
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/periodNoneFY2027
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_cfo_before_contract_funding:base/valueNone146.6605
/operating_model/cells/base_fy2027_contract_funding:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_contract_funding:base/caseNonebase
/operating_model/cells/base_fy2027_contract_funding:base/formula/opNonesum
/operating_model/cells/base_fy2027_contract_funding:base/formula/refs/0Nonebase_2027q1_contract_funding
/operating_model/cells/base_fy2027_contract_funding:base/formula/refs/1Nonebase_2027q2_contract_funding
/operating_model/cells/base_fy2027_contract_funding:base/formula/refs/2Nonebase_2027q3_contract_funding
/operating_model/cells/base_fy2027_contract_funding:base/formula/refs/3Nonebase_2027q4_contract_funding
/operating_model/cells/base_fy2027_contract_funding:base/idNonebase_fy2027_contract_funding
/operating_model/cells/base_fy2027_contract_funding:base/kindNonederived
/operating_model/cells/base_fy2027_contract_funding:base/labelNoneNet contract funding ($M)
/operating_model/cells/base_fy2027_contract_funding:base/periodNoneFY2027
/operating_model/cells/base_fy2027_contract_funding:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_contract_funding:base/valueNone100.0
/operating_model/cells/base_fy2027_fcf:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_fcf:base/caseNonebase
/operating_model/cells/base_fy2027_fcf:base/formula/opNonesum
/operating_model/cells/base_fy2027_fcf:base/formula/refs/0Nonebase_2027q1_fcf
/operating_model/cells/base_fy2027_fcf:base/formula/refs/1Nonebase_2027q2_fcf
/operating_model/cells/base_fy2027_fcf:base/formula/refs/2Nonebase_2027q3_fcf
/operating_model/cells/base_fy2027_fcf:base/formula/refs/3Nonebase_2027q4_fcf
/operating_model/cells/base_fy2027_fcf:base/idNonebase_fy2027_fcf
/operating_model/cells/base_fy2027_fcf:base/kindNonederived
/operating_model/cells/base_fy2027_fcf:base/labelNoneCFO less capex ($M)
/operating_model/cells/base_fy2027_fcf:base/periodNoneFY2027
/operating_model/cells/base_fy2027_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_fcf:base/valueNone206.6605
/operating_model/cells/base_fy2027_gross_profit:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_gross_profit:base/caseNonebase
/operating_model/cells/base_fy2027_gross_profit:base/formula/opNonesum
/operating_model/cells/base_fy2027_gross_profit:base/formula/refs/0Nonebase_2027q1_gross_profit
/operating_model/cells/base_fy2027_gross_profit:base/formula/refs/1Nonebase_2027q2_gross_profit
/operating_model/cells/base_fy2027_gross_profit:base/formula/refs/2Nonebase_2027q3_gross_profit
/operating_model/cells/base_fy2027_gross_profit:base/formula/refs/3Nonebase_2027q4_gross_profit
/operating_model/cells/base_fy2027_gross_profit:base/idNonebase_fy2027_gross_profit
/operating_model/cells/base_fy2027_gross_profit:base/kindNonederived
/operating_model/cells/base_fy2027_gross_profit:base/labelNoneGAAP gross profit ($M)
/operating_model/cells/base_fy2027_gross_profit:base/periodNoneFY2027
/operating_model/cells/base_fy2027_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_gross_profit:base/valueNone452.03999999999996
/operating_model/cells/base_fy2027_operating_income:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_operating_income:base/caseNonebase
/operating_model/cells/base_fy2027_operating_income:base/formula/opNonesum
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/0Nonebase_2027q1_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/1Nonebase_2027q2_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/2Nonebase_2027q3_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/3Nonebase_2027q4_operating_income
/operating_model/cells/base_fy2027_operating_income:base/idNonebase_fy2027_operating_income
/operating_model/cells/base_fy2027_operating_income:base/kindNonederived
/operating_model/cells/base_fy2027_operating_income:base/labelNoneGAAP operating income ($M)
/operating_model/cells/base_fy2027_operating_income:base/periodNoneFY2027
/operating_model/cells/base_fy2027_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_operating_income:base/valueNone308.894
/operating_model/cells/base_fy2027_revenue:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_revenue:base/caseNonebase
/operating_model/cells/base_fy2027_revenue:base/formula/opNonesum
/operating_model/cells/base_fy2027_revenue:base/formula/refs/0Nonebase_2027q1_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/1Nonebase_2027q2_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/2Nonebase_2027q3_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/3Nonebase_2027q4_revenue
/operating_model/cells/base_fy2027_revenue:base/idNonebase_fy2027_revenue
/operating_model/cells/base_fy2027_revenue:base/kindNonederived
/operating_model/cells/base_fy2027_revenue:base/labelNoneRevenue ($M)
/operating_model/cells/base_fy2027_revenue:base/periodNoneFY2027
/operating_model/cells/base_fy2027_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_revenue:base/valueNone1506.8
/operating_model/cells/cash:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/cash:shared/caseNoneshared
/operating_model/cells/cash:shared/idNonecash
/operating_model/cells/cash:shared/kindNonereported
/operating_model/cells/cash:shared/labelNoneJune cash and cash equivalents
/operating_model/cells/cash:shared/periodNone2026Q3
/operating_model/cells/cash:shared/source_dateNone2026-08-04
/operating_model/cells/cash:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/cash:shared/unitNoneUSD_millions
/operating_model/cells/cash:shared/valueNone633.561
/operating_model/cells/contract_assets:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/contract_assets:shared/caseNoneshared
/operating_model/cells/contract_assets:shared/idNonecontract_assets
/operating_model/cells/contract_assets:shared/kindNonereported
/operating_model/cells/contract_assets:shared/labelNoneJune contract assets
/operating_model/cells/contract_assets:shared/periodNone2026Q3
/operating_model/cells/contract_assets:shared/source_dateNone2026-08-04
/operating_model/cells/contract_assets:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/contract_assets:shared/unitNoneUSD_millions
/operating_model/cells/contract_assets:shared/valueNone116.002
/operating_model/cells/contract_liabilities:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/contract_liabilities:shared/caseNoneshared
/operating_model/cells/contract_liabilities:shared/idNonecontract_liabilities
/operating_model/cells/contract_liabilities:shared/kindNonereported
/operating_model/cells/contract_liabilities:shared/labelNoneJune contract liabilities
/operating_model/cells/contract_liabilities:shared/periodNone2026Q3
/operating_model/cells/contract_liabilities:shared/source_dateNone2026-08-04
/operating_model/cells/contract_liabilities:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/contract_liabilities:shared/unitNoneUSD_millions
/operating_model/cells/contract_liabilities:shared/valueNone466.362
/operating_model/cells/downside_2026q4_aftertax:downside/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/downside_2026q4_aftertax:downside/caseNonedownside
/operating_model/cells/downside_2026q4_aftertax:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_aftertax:downside/formula/refs/0Nonedownside_2026q4_cash_pretax
/operating_model/cells/downside_2026q4_aftertax:downside/formula/refs/1Nonedownside_2026q4_cash_tax
/operating_model/cells/downside_2026q4_aftertax:downside/idNonedownside_2026q4_aftertax
/operating_model/cells/downside_2026q4_aftertax:downside/kindNonederived
/operating_model/cells/downside_2026q4_aftertax:downside/labelNoneCash earnings after tax allowance
/operating_model/cells/downside_2026q4_aftertax:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_aftertax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_aftertax:downside/valueNone39.1787968
/operating_model/cells/downside_2026q4_available_backlog:downside/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/downside_2026q4_available_backlog:downside/caseNonedownside
/operating_model/cells/downside_2026q4_available_backlog:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_available_backlog:downside/formula/refs/0Nonebacklog
/operating_model/cells/downside_2026q4_available_backlog:downside/formula/refs/1Nonedownside_2026q4_new_orders
/operating_model/cells/downside_2026q4_available_backlog:downside/idNonedownside_2026q4_available_backlog
/operating_model/cells/downside_2026q4_available_backlog:downside/kindNonederived
/operating_model/cells/downside_2026q4_available_backlog:downside/labelNoneBacklog plus new net orders
/operating_model/cells/downside_2026q4_available_backlog:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_available_backlog:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_available_backlog:downside/valueNone2700.0
/operating_model/cells/downside_2026q4_backlog_weight:downside/basisNoneFour quarter shares sum to one.
/operating_model/cells/downside_2026q4_backlog_weight:downside/caseNonedownside
/operating_model/cells/downside_2026q4_backlog_weight:downside/idNonedownside_2026q4_backlog_weight
/operating_model/cells/downside_2026q4_backlog_weight:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_backlog_weight:downside/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/downside_2026q4_backlog_weight:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_backlog_weight:downside/unitNoneratio
/operating_model/cells/downside_2026q4_backlog_weight:downside/valueNone0.24
/operating_model/cells/downside_2026q4_bookship:downside/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/downside_2026q4_bookship:downside/caseNonedownside
/operating_model/cells/downside_2026q4_bookship:downside/idNonedownside_2026q4_bookship
/operating_model/cells/downside_2026q4_bookship:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_bookship:downside/labelNoneNew book-and-ship revenue
/operating_model/cells/downside_2026q4_bookship:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_bookship:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_bookship:downside/valueNone10.0
/operating_model/cells/downside_2026q4_capex:downside/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/downside_2026q4_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q4_capex:downside/idNonedownside_2026q4_capex
/operating_model/cells/downside_2026q4_capex:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_capex:downside/labelNoneCash capital expenditures
/operating_model/cells/downside_2026q4_capex:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_capex:downside/valueNone13.0
/operating_model/cells/downside_2026q4_cash_pretax:downside/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/downside_2026q4_cash_pretax:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_pretax:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_cash_pretax:downside/formula/refs/0Nonedownside_2026q4_operating_income
/operating_model/cells/downside_2026q4_cash_pretax:downside/formula/refs/1Nonedownside_2026q4_interest
/operating_model/cells/downside_2026q4_cash_pretax:downside/idNonedownside_2026q4_cash_pretax
/operating_model/cells/downside_2026q4_cash_pretax:downside/kindNonederived
/operating_model/cells/downside_2026q4_cash_pretax:downside/labelNoneOperating income plus net interest income
/operating_model/cells/downside_2026q4_cash_pretax:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_pretax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_pretax:downside/valueNone52.944320000000005
/operating_model/cells/downside_2026q4_cash_tax:downside/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/downside_2026q4_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_tax:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_cash_tax:downside/formula/refs/0Nonedownside_2026q4_cash_pretax
/operating_model/cells/downside_2026q4_cash_tax:downside/formula/refs/1Nonedownside_2026q4_tax_rate
/operating_model/cells/downside_2026q4_cash_tax:downside/idNonedownside_2026q4_cash_tax
/operating_model/cells/downside_2026q4_cash_tax:downside/kindNonederived
/operating_model/cells/downside_2026q4_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2026q4_cash_tax:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_tax:downside/valueNone13.765523200000002
/operating_model/cells/downside_2026q4_cfo:downside/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/downside_2026q4_cfo:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_cfo:downside/formula/refs/0Nonedownside_2026q4_cfo_before_contract_funding
/operating_model/cells/downside_2026q4_cfo:downside/formula/refs/1Nonedownside_2026q4_contract_funding
/operating_model/cells/downside_2026q4_cfo:downside/idNonedownside_2026q4_cfo
/operating_model/cells/downside_2026q4_cfo:downside/kindNonederived
/operating_model/cells/downside_2026q4_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2026q4_cfo:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cfo:downside/valueNone1.8771968
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/formula/refs/0Nonedownside_2026q4_noncash_bridge
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/formula/refs/1Nonedownside_2026q4_other_wc
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/idNonedownside_2026q4_cfo_before_contract_funding
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/kindNonederived
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/labelNoneCFO before contract funding
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cfo_before_contract_funding:downside/valueNone11.8771968
/operating_model/cells/downside_2026q4_contract_funding:downside/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/downside_2026q4_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_2026q4_contract_funding:downside/idNonedownside_2026q4_contract_funding
/operating_model/cells/downside_2026q4_contract_funding:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_contract_funding:downside/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/downside_2026q4_contract_funding:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_contract_funding:downside/valueNone-10.0
/operating_model/cells/downside_2026q4_ending_backlog:downside/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/downside_2026q4_ending_backlog:downside/caseNonedownside
/operating_model/cells/downside_2026q4_ending_backlog:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_ending_backlog:downside/formula/refs/0Nonedownside_2026q4_available_backlog
/operating_model/cells/downside_2026q4_ending_backlog:downside/formula/refs/1Nonedownside_2026q4_revenue
/operating_model/cells/downside_2026q4_ending_backlog:downside/idNonedownside_2026q4_ending_backlog
/operating_model/cells/downside_2026q4_ending_backlog:downside/kindNonederived
/operating_model/cells/downside_2026q4_ending_backlog:downside/labelNoneEnding backlog
/operating_model/cells/downside_2026q4_ending_backlog:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_ending_backlog:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_ending_backlog:downside/valueNone2415.44
/operating_model/cells/downside_2026q4_fcf:downside/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/downside_2026q4_fcf:downside/caseNonedownside
/operating_model/cells/downside_2026q4_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_fcf:downside/formula/refs/0Nonedownside_2026q4_cfo
/operating_model/cells/downside_2026q4_fcf:downside/formula/refs/1Nonedownside_2026q4_capex
/operating_model/cells/downside_2026q4_fcf:downside/idNonedownside_2026q4_fcf
/operating_model/cells/downside_2026q4_fcf:downside/kindNonederived
/operating_model/cells/downside_2026q4_fcf:downside/labelNoneCFO less capex
/operating_model/cells/downside_2026q4_fcf:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_fcf:downside/valueNone-11.1228032
/operating_model/cells/downside_2026q4_gm:downside/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/downside_2026q4_gm:downside/caseNonedownside
/operating_model/cells/downside_2026q4_gm:downside/idNonedownside_2026q4_gm
/operating_model/cells/downside_2026q4_gm:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_gm:downside/labelNoneGAAP gross margin
/operating_model/cells/downside_2026q4_gm:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_gm:downside/unitNoneratio
/operating_model/cells/downside_2026q4_gm:downside/valueNone0.27
/operating_model/cells/downside_2026q4_gross_profit:downside/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/downside_2026q4_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2026q4_gross_profit:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_gross_profit:downside/formula/refs/0Nonedownside_2026q4_revenue
/operating_model/cells/downside_2026q4_gross_profit:downside/formula/refs/1Nonedownside_2026q4_gm
/operating_model/cells/downside_2026q4_gross_profit:downside/idNonedownside_2026q4_gross_profit
/operating_model/cells/downside_2026q4_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2026q4_gross_profit:downside/labelNoneGAAP gross profit
/operating_model/cells/downside_2026q4_gross_profit:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_gross_profit:downside/valueNone76.83120000000001
/operating_model/cells/downside_2026q4_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_interest:downside/caseNonedownside
/operating_model/cells/downside_2026q4_interest:downside/idNonedownside_2026q4_interest
/operating_model/cells/downside_2026q4_interest:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2026q4_interest:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_interest:downside/valueNone4.0
/operating_model/cells/downside_2026q4_new_orders:downside/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/downside_2026q4_new_orders:downside/caseNonedownside
/operating_model/cells/downside_2026q4_new_orders:downside/idNonedownside_2026q4_new_orders
/operating_model/cells/downside_2026q4_new_orders:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_new_orders:downside/labelNoneNew net orders
/operating_model/cells/downside_2026q4_new_orders:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_new_orders:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_new_orders:downside/valueNone300.0
/operating_model/cells/downside_2026q4_noncash:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_noncash:downside/caseNonedownside
/operating_model/cells/downside_2026q4_noncash:downside/idNonedownside_2026q4_noncash
/operating_model/cells/downside_2026q4_noncash:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_noncash:downside/labelNoneD&A and stock compensation addback
/operating_model/cells/downside_2026q4_noncash:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_noncash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_noncash:downside/valueNone4.0
/operating_model/cells/downside_2026q4_noncash_bridge:downside/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/downside_2026q4_noncash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2026q4_noncash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_noncash_bridge:downside/formula/refs/0Nonedownside_2026q4_aftertax
/operating_model/cells/downside_2026q4_noncash_bridge:downside/formula/refs/1Nonedownside_2026q4_noncash
/operating_model/cells/downside_2026q4_noncash_bridge:downside/idNonedownside_2026q4_noncash_bridge
/operating_model/cells/downside_2026q4_noncash_bridge:downside/kindNonederived
/operating_model/cells/downside_2026q4_noncash_bridge:downside/labelNoneCash earnings plus noncash charges
/operating_model/cells/downside_2026q4_noncash_bridge:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_noncash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_noncash_bridge:downside/valueNone43.1787968
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/formula/refs/0Nonedownside_backlog_conversion
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/formula/refs/1Nonedownside_2026q4_backlog_weight
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/idNonedownside_2026q4_old_backlog_revenue
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/kindNonederived
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/labelNoneRevenue from June 2026 backlog
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_old_backlog_revenue:downside/valueNone274.56
/operating_model/cells/downside_2026q4_operating_income:downside/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/downside_2026q4_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2026q4_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_operating_income:downside/formula/refs/0Nonedownside_2026q4_gross_profit
/operating_model/cells/downside_2026q4_operating_income:downside/formula/refs/1Nonedownside_2026q4_opex
/operating_model/cells/downside_2026q4_operating_income:downside/idNonedownside_2026q4_operating_income
/operating_model/cells/downside_2026q4_operating_income:downside/kindNonederived
/operating_model/cells/downside_2026q4_operating_income:downside/labelNoneGAAP operating income
/operating_model/cells/downside_2026q4_operating_income:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_operating_income:downside/valueNone48.944320000000005
/operating_model/cells/downside_2026q4_opex:downside/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/downside_2026q4_opex:downside/caseNonedownside
/operating_model/cells/downside_2026q4_opex:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_opex:downside/formula/refs/0Nonedownside_2026q4_revenue
/operating_model/cells/downside_2026q4_opex:downside/formula/refs/1Nonedownside_2026q4_opex_ratio
/operating_model/cells/downside_2026q4_opex:downside/idNonedownside_2026q4_opex
/operating_model/cells/downside_2026q4_opex:downside/kindNonederived
/operating_model/cells/downside_2026q4_opex:downside/labelNoneGAAP operating expenses
/operating_model/cells/downside_2026q4_opex:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_opex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_opex:downside/valueNone27.88688
/operating_model/cells/downside_2026q4_opex_ratio:downside/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/downside_2026q4_opex_ratio:downside/caseNonedownside
/operating_model/cells/downside_2026q4_opex_ratio:downside/idNonedownside_2026q4_opex_ratio
/operating_model/cells/downside_2026q4_opex_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_opex_ratio:downside/labelNoneGAAP operating expense / revenue
/operating_model/cells/downside_2026q4_opex_ratio:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_opex_ratio:downside/unitNoneratio
/operating_model/cells/downside_2026q4_opex_ratio:downside/valueNone0.098
/operating_model/cells/downside_2026q4_other_wc:downside/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/downside_2026q4_other_wc:downside/caseNonedownside
/operating_model/cells/downside_2026q4_other_wc:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_other_wc:downside/formula/refs/0Nonedownside_2026q4_revenue
/operating_model/cells/downside_2026q4_other_wc:downside/formula/refs/1Nonedownside_2026q4_wc_ratio
/operating_model/cells/downside_2026q4_other_wc:downside/idNonedownside_2026q4_other_wc
/operating_model/cells/downside_2026q4_other_wc:downside/kindNonederived
/operating_model/cells/downside_2026q4_other_wc:downside/labelNoneNon-contract working-capital cash use
/operating_model/cells/downside_2026q4_other_wc:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_other_wc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_other_wc:downside/valueNone31.3016
/operating_model/cells/downside_2026q4_revenue:downside/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/downside_2026q4_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q4_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_revenue:downside/formula/refs/0Nonedownside_2026q4_old_backlog_revenue
/operating_model/cells/downside_2026q4_revenue:downside/formula/refs/1Nonedownside_2026q4_bookship
/operating_model/cells/downside_2026q4_revenue:downside/idNonedownside_2026q4_revenue
/operating_model/cells/downside_2026q4_revenue:downside/kindNonederived
/operating_model/cells/downside_2026q4_revenue:downside/labelNoneRevenue
/operating_model/cells/downside_2026q4_revenue:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_revenue:downside/valueNone284.56
/operating_model/cells/downside_2026q4_tax_rate:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_tax_rate:downside/caseNonedownside
/operating_model/cells/downside_2026q4_tax_rate:downside/idNonedownside_2026q4_tax_rate
/operating_model/cells/downside_2026q4_tax_rate:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_tax_rate:downside/labelNoneCash tax / pretax income
/operating_model/cells/downside_2026q4_tax_rate:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_tax_rate:downside/unitNoneratio
/operating_model/cells/downside_2026q4_tax_rate:downside/valueNone0.26
/operating_model/cells/downside_2026q4_wc_ratio:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_wc_ratio:downside/caseNonedownside
/operating_model/cells/downside_2026q4_wc_ratio:downside/idNonedownside_2026q4_wc_ratio
/operating_model/cells/downside_2026q4_wc_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_wc_ratio:downside/labelNoneOther working-capital cash use / revenue
/operating_model/cells/downside_2026q4_wc_ratio:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_wc_ratio:downside/unitNoneratio
/operating_model/cells/downside_2026q4_wc_ratio:downside/valueNone0.11
/operating_model/cells/downside_2027q1_aftertax:downside/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/downside_2027q1_aftertax:downside/caseNonedownside
/operating_model/cells/downside_2027q1_aftertax:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_aftertax:downside/formula/refs/0Nonedownside_2027q1_cash_pretax
/operating_model/cells/downside_2027q1_aftertax:downside/formula/refs/1Nonedownside_2027q1_cash_tax
/operating_model/cells/downside_2027q1_aftertax:downside/idNonedownside_2027q1_aftertax
/operating_model/cells/downside_2027q1_aftertax:downside/kindNonederived
/operating_model/cells/downside_2027q1_aftertax:downside/labelNoneCash earnings after tax allowance
/operating_model/cells/downside_2027q1_aftertax:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_aftertax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_aftertax:downside/valueNone37.722713600000006
/operating_model/cells/downside_2027q1_available_backlog:downside/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/downside_2027q1_available_backlog:downside/caseNonedownside
/operating_model/cells/downside_2027q1_available_backlog:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_available_backlog:downside/formula/refs/0Nonedownside_2026q4_ending_backlog
/operating_model/cells/downside_2027q1_available_backlog:downside/formula/refs/1Nonedownside_2027q1_new_orders
/operating_model/cells/downside_2027q1_available_backlog:downside/idNonedownside_2027q1_available_backlog
/operating_model/cells/downside_2027q1_available_backlog:downside/kindNonederived
/operating_model/cells/downside_2027q1_available_backlog:downside/labelNoneBacklog plus new net orders
/operating_model/cells/downside_2027q1_available_backlog:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_available_backlog:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_available_backlog:downside/valueNone2695.44
/operating_model/cells/downside_2027q1_backlog_weight:downside/basisNoneFour quarter shares sum to one.
/operating_model/cells/downside_2027q1_backlog_weight:downside/caseNonedownside
/operating_model/cells/downside_2027q1_backlog_weight:downside/idNonedownside_2027q1_backlog_weight
/operating_model/cells/downside_2027q1_backlog_weight:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_backlog_weight:downside/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/downside_2027q1_backlog_weight:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_backlog_weight:downside/unitNoneratio
/operating_model/cells/downside_2027q1_backlog_weight:downside/valueNone0.23
/operating_model/cells/downside_2027q1_bookship:downside/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/downside_2027q1_bookship:downside/caseNonedownside
/operating_model/cells/downside_2027q1_bookship:downside/idNonedownside_2027q1_bookship
/operating_model/cells/downside_2027q1_bookship:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_bookship:downside/labelNoneNew book-and-ship revenue
/operating_model/cells/downside_2027q1_bookship:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_bookship:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_bookship:downside/valueNone10.0
/operating_model/cells/downside_2027q1_capex:downside/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/downside_2027q1_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q1_capex:downside/idNonedownside_2027q1_capex
/operating_model/cells/downside_2027q1_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_capex:downside/labelNoneCash capital expenditures
/operating_model/cells/downside_2027q1_capex:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_capex:downside/valueNone13.0
/operating_model/cells/downside_2027q1_cash_pretax:downside/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/downside_2027q1_cash_pretax:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_pretax:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_cash_pretax:downside/formula/refs/0Nonedownside_2027q1_operating_income
/operating_model/cells/downside_2027q1_cash_pretax:downside/formula/refs/1Nonedownside_2027q1_interest
/operating_model/cells/downside_2027q1_cash_pretax:downside/idNonedownside_2027q1_cash_pretax
/operating_model/cells/downside_2027q1_cash_pretax:downside/kindNonederived
/operating_model/cells/downside_2027q1_cash_pretax:downside/labelNoneOperating income plus net interest income
/operating_model/cells/downside_2027q1_cash_pretax:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_pretax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_pretax:downside/valueNone50.97664
/operating_model/cells/downside_2027q1_cash_tax:downside/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/downside_2027q1_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_tax:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_cash_tax:downside/formula/refs/0Nonedownside_2027q1_cash_pretax
/operating_model/cells/downside_2027q1_cash_tax:downside/formula/refs/1Nonedownside_2027q1_tax_rate
/operating_model/cells/downside_2027q1_cash_tax:downside/idNonedownside_2027q1_cash_tax
/operating_model/cells/downside_2027q1_cash_tax:downside/kindNonederived
/operating_model/cells/downside_2027q1_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2027q1_cash_tax:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_tax:downside/valueNone13.253926400000001
/operating_model/cells/downside_2027q1_cfo:downside/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/downside_2027q1_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_cfo:downside/formula/refs/0Nonedownside_2027q1_cfo_before_contract_funding
/operating_model/cells/downside_2027q1_cfo:downside/formula/refs/1Nonedownside_2027q1_contract_funding
/operating_model/cells/downside_2027q1_cfo:downside/idNonedownside_2027q1_cfo
/operating_model/cells/downside_2027q1_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q1_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2027q1_cfo:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cfo:downside/valueNone11.679513600000003
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/formula/refs/0Nonedownside_2027q1_noncash_bridge
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/formula/refs/1Nonedownside_2027q1_other_wc
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/idNonedownside_2027q1_cfo_before_contract_funding
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/kindNonederived
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/labelNoneCFO before contract funding
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cfo_before_contract_funding:downside/valueNone11.679513600000003
/operating_model/cells/downside_2027q1_contract_funding:downside/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/downside_2027q1_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_2027q1_contract_funding:downside/idNonedownside_2027q1_contract_funding
/operating_model/cells/downside_2027q1_contract_funding:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_contract_funding:downside/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/downside_2027q1_contract_funding:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_contract_funding:downside/valueNone0.0
/operating_model/cells/downside_2027q1_ending_backlog:downside/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/downside_2027q1_ending_backlog:downside/caseNonedownside
/operating_model/cells/downside_2027q1_ending_backlog:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_ending_backlog:downside/formula/refs/0Nonedownside_2027q1_available_backlog
/operating_model/cells/downside_2027q1_ending_backlog:downside/formula/refs/1Nonedownside_2027q1_revenue
/operating_model/cells/downside_2027q1_ending_backlog:downside/idNonedownside_2027q1_ending_backlog
/operating_model/cells/downside_2027q1_ending_backlog:downside/kindNonederived
/operating_model/cells/downside_2027q1_ending_backlog:downside/labelNoneEnding backlog
/operating_model/cells/downside_2027q1_ending_backlog:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_ending_backlog:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_ending_backlog:downside/valueNone2422.32
/operating_model/cells/downside_2027q1_fcf:downside/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/downside_2027q1_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q1_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_fcf:downside/formula/refs/0Nonedownside_2027q1_cfo
/operating_model/cells/downside_2027q1_fcf:downside/formula/refs/1Nonedownside_2027q1_capex
/operating_model/cells/downside_2027q1_fcf:downside/idNonedownside_2027q1_fcf
/operating_model/cells/downside_2027q1_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q1_fcf:downside/labelNoneCFO less capex
/operating_model/cells/downside_2027q1_fcf:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_fcf:downside/valueNone-1.3204863999999965
/operating_model/cells/downside_2027q1_gm:downside/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/downside_2027q1_gm:downside/caseNonedownside
/operating_model/cells/downside_2027q1_gm:downside/idNonedownside_2027q1_gm
/operating_model/cells/downside_2027q1_gm:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_gm:downside/labelNoneGAAP gross margin
/operating_model/cells/downside_2027q1_gm:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_gm:downside/unitNoneratio
/operating_model/cells/downside_2027q1_gm:downside/valueNone0.27
/operating_model/cells/downside_2027q1_gross_profit:downside/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/downside_2027q1_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2027q1_gross_profit:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_gross_profit:downside/formula/refs/0Nonedownside_2027q1_revenue
/operating_model/cells/downside_2027q1_gross_profit:downside/formula/refs/1Nonedownside_2027q1_gm
/operating_model/cells/downside_2027q1_gross_profit:downside/idNonedownside_2027q1_gross_profit
/operating_model/cells/downside_2027q1_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2027q1_gross_profit:downside/labelNoneGAAP gross profit
/operating_model/cells/downside_2027q1_gross_profit:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_gross_profit:downside/valueNone73.7424
/operating_model/cells/downside_2027q1_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q1_interest:downside/idNonedownside_2027q1_interest
/operating_model/cells/downside_2027q1_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2027q1_interest:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_interest:downside/valueNone4.0
/operating_model/cells/downside_2027q1_new_orders:downside/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/downside_2027q1_new_orders:downside/caseNonedownside
/operating_model/cells/downside_2027q1_new_orders:downside/idNonedownside_2027q1_new_orders
/operating_model/cells/downside_2027q1_new_orders:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_new_orders:downside/labelNoneNew net orders
/operating_model/cells/downside_2027q1_new_orders:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_new_orders:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_new_orders:downside/valueNone280.0
/operating_model/cells/downside_2027q1_noncash:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_noncash:downside/caseNonedownside
/operating_model/cells/downside_2027q1_noncash:downside/idNonedownside_2027q1_noncash
/operating_model/cells/downside_2027q1_noncash:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_noncash:downside/labelNoneD&A and stock compensation addback
/operating_model/cells/downside_2027q1_noncash:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_noncash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_noncash:downside/valueNone4.0
/operating_model/cells/downside_2027q1_noncash_bridge:downside/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/downside_2027q1_noncash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2027q1_noncash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_noncash_bridge:downside/formula/refs/0Nonedownside_2027q1_aftertax
/operating_model/cells/downside_2027q1_noncash_bridge:downside/formula/refs/1Nonedownside_2027q1_noncash
/operating_model/cells/downside_2027q1_noncash_bridge:downside/idNonedownside_2027q1_noncash_bridge
/operating_model/cells/downside_2027q1_noncash_bridge:downside/kindNonederived
/operating_model/cells/downside_2027q1_noncash_bridge:downside/labelNoneCash earnings plus noncash charges
/operating_model/cells/downside_2027q1_noncash_bridge:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_noncash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_noncash_bridge:downside/valueNone41.722713600000006
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/formula/refs/0Nonedownside_backlog_conversion
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/formula/refs/1Nonedownside_2027q1_backlog_weight
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/idNonedownside_2027q1_old_backlog_revenue
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/labelNoneRevenue from June 2026 backlog
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_old_backlog_revenue:downside/valueNone263.12
/operating_model/cells/downside_2027q1_operating_income:downside/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/downside_2027q1_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q1_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_operating_income:downside/formula/refs/0Nonedownside_2027q1_gross_profit
/operating_model/cells/downside_2027q1_operating_income:downside/formula/refs/1Nonedownside_2027q1_opex
/operating_model/cells/downside_2027q1_operating_income:downside/idNonedownside_2027q1_operating_income
/operating_model/cells/downside_2027q1_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q1_operating_income:downside/labelNoneGAAP operating income
/operating_model/cells/downside_2027q1_operating_income:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_operating_income:downside/valueNone46.97664
/operating_model/cells/downside_2027q1_opex:downside/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/downside_2027q1_opex:downside/caseNonedownside
/operating_model/cells/downside_2027q1_opex:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_opex:downside/formula/refs/0Nonedownside_2027q1_revenue
/operating_model/cells/downside_2027q1_opex:downside/formula/refs/1Nonedownside_2027q1_opex_ratio
/operating_model/cells/downside_2027q1_opex:downside/idNonedownside_2027q1_opex
/operating_model/cells/downside_2027q1_opex:downside/kindNonederived
/operating_model/cells/downside_2027q1_opex:downside/labelNoneGAAP operating expenses
/operating_model/cells/downside_2027q1_opex:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_opex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_opex:downside/valueNone26.76576
/operating_model/cells/downside_2027q1_opex_ratio:downside/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/downside_2027q1_opex_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q1_opex_ratio:downside/idNonedownside_2027q1_opex_ratio
/operating_model/cells/downside_2027q1_opex_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_opex_ratio:downside/labelNoneGAAP operating expense / revenue
/operating_model/cells/downside_2027q1_opex_ratio:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_opex_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q1_opex_ratio:downside/valueNone0.098
/operating_model/cells/downside_2027q1_other_wc:downside/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/downside_2027q1_other_wc:downside/caseNonedownside
/operating_model/cells/downside_2027q1_other_wc:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_other_wc:downside/formula/refs/0Nonedownside_2027q1_revenue
/operating_model/cells/downside_2027q1_other_wc:downside/formula/refs/1Nonedownside_2027q1_wc_ratio
/operating_model/cells/downside_2027q1_other_wc:downside/idNonedownside_2027q1_other_wc
/operating_model/cells/downside_2027q1_other_wc:downside/kindNonederived
/operating_model/cells/downside_2027q1_other_wc:downside/labelNoneNon-contract working-capital cash use
/operating_model/cells/downside_2027q1_other_wc:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_other_wc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_other_wc:downside/valueNone30.043200000000002
/operating_model/cells/downside_2027q1_revenue:downside/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/downside_2027q1_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q1_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_revenue:downside/formula/refs/0Nonedownside_2027q1_old_backlog_revenue
/operating_model/cells/downside_2027q1_revenue:downside/formula/refs/1Nonedownside_2027q1_bookship
/operating_model/cells/downside_2027q1_revenue:downside/idNonedownside_2027q1_revenue
/operating_model/cells/downside_2027q1_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q1_revenue:downside/labelNoneRevenue
/operating_model/cells/downside_2027q1_revenue:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_revenue:downside/valueNone273.12
/operating_model/cells/downside_2027q1_tax_rate:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_tax_rate:downside/caseNonedownside
/operating_model/cells/downside_2027q1_tax_rate:downside/idNonedownside_2027q1_tax_rate
/operating_model/cells/downside_2027q1_tax_rate:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_tax_rate:downside/labelNoneCash tax / pretax income
/operating_model/cells/downside_2027q1_tax_rate:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_tax_rate:downside/unitNoneratio
/operating_model/cells/downside_2027q1_tax_rate:downside/valueNone0.26
/operating_model/cells/downside_2027q1_wc_ratio:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_wc_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q1_wc_ratio:downside/idNonedownside_2027q1_wc_ratio
/operating_model/cells/downside_2027q1_wc_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_wc_ratio:downside/labelNoneOther working-capital cash use / revenue
/operating_model/cells/downside_2027q1_wc_ratio:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_wc_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q1_wc_ratio:downside/valueNone0.11
/operating_model/cells/downside_2027q2_aftertax:downside/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/downside_2027q2_aftertax:downside/caseNonedownside
/operating_model/cells/downside_2027q2_aftertax:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_aftertax:downside/formula/refs/0Nonedownside_2027q2_cash_pretax
/operating_model/cells/downside_2027q2_aftertax:downside/formula/refs/1Nonedownside_2027q2_cash_tax
/operating_model/cells/downside_2027q2_aftertax:downside/idNonedownside_2027q2_aftertax
/operating_model/cells/downside_2027q2_aftertax:downside/kindNonederived
/operating_model/cells/downside_2027q2_aftertax:downside/labelNoneCash earnings after tax allowance
/operating_model/cells/downside_2027q2_aftertax:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_aftertax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_aftertax:downside/valueNone41.271280000000004
/operating_model/cells/downside_2027q2_available_backlog:downside/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/downside_2027q2_available_backlog:downside/caseNonedownside
/operating_model/cells/downside_2027q2_available_backlog:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_available_backlog:downside/formula/refs/0Nonedownside_2027q1_ending_backlog
/operating_model/cells/downside_2027q2_available_backlog:downside/formula/refs/1Nonedownside_2027q2_new_orders
/operating_model/cells/downside_2027q2_available_backlog:downside/idNonedownside_2027q2_available_backlog
/operating_model/cells/downside_2027q2_available_backlog:downside/kindNonederived
/operating_model/cells/downside_2027q2_available_backlog:downside/labelNoneBacklog plus new net orders
/operating_model/cells/downside_2027q2_available_backlog:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_available_backlog:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_available_backlog:downside/valueNone2722.32
/operating_model/cells/downside_2027q2_backlog_weight:downside/basisNoneFour quarter shares sum to one.
/operating_model/cells/downside_2027q2_backlog_weight:downside/caseNonedownside
/operating_model/cells/downside_2027q2_backlog_weight:downside/idNonedownside_2027q2_backlog_weight
/operating_model/cells/downside_2027q2_backlog_weight:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_backlog_weight:downside/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/downside_2027q2_backlog_weight:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_backlog_weight:downside/unitNoneratio
/operating_model/cells/downside_2027q2_backlog_weight:downside/valueNone0.25
/operating_model/cells/downside_2027q2_bookship:downside/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/downside_2027q2_bookship:downside/caseNonedownside
/operating_model/cells/downside_2027q2_bookship:downside/idNonedownside_2027q2_bookship
/operating_model/cells/downside_2027q2_bookship:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_bookship:downside/labelNoneNew book-and-ship revenue
/operating_model/cells/downside_2027q2_bookship:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_bookship:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_bookship:downside/valueNone15.0
/operating_model/cells/downside_2027q2_capex:downside/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/downside_2027q2_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q2_capex:downside/idNonedownside_2027q2_capex
/operating_model/cells/downside_2027q2_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_capex:downside/labelNoneCash capital expenditures
/operating_model/cells/downside_2027q2_capex:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_capex:downside/valueNone13.0
/operating_model/cells/downside_2027q2_cash_pretax:downside/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/downside_2027q2_cash_pretax:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_pretax:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_cash_pretax:downside/formula/refs/0Nonedownside_2027q2_operating_income
/operating_model/cells/downside_2027q2_cash_pretax:downside/formula/refs/1Nonedownside_2027q2_interest
/operating_model/cells/downside_2027q2_cash_pretax:downside/idNonedownside_2027q2_cash_pretax
/operating_model/cells/downside_2027q2_cash_pretax:downside/kindNonederived
/operating_model/cells/downside_2027q2_cash_pretax:downside/labelNoneOperating income plus net interest income
/operating_model/cells/downside_2027q2_cash_pretax:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_pretax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_pretax:downside/valueNone55.772000000000006
/operating_model/cells/downside_2027q2_cash_tax:downside/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/downside_2027q2_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_tax:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_cash_tax:downside/formula/refs/0Nonedownside_2027q2_cash_pretax
/operating_model/cells/downside_2027q2_cash_tax:downside/formula/refs/1Nonedownside_2027q2_tax_rate
/operating_model/cells/downside_2027q2_cash_tax:downside/idNonedownside_2027q2_cash_tax
/operating_model/cells/downside_2027q2_cash_tax:downside/kindNonederived
/operating_model/cells/downside_2027q2_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2027q2_cash_tax:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_tax:downside/valueNone14.500720000000001
/operating_model/cells/downside_2027q2_cfo:downside/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/downside_2027q2_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_cfo:downside/formula/refs/0Nonedownside_2027q2_cfo_before_contract_funding
/operating_model/cells/downside_2027q2_cfo:downside/formula/refs/1Nonedownside_2027q2_contract_funding
/operating_model/cells/downside_2027q2_cfo:downside/idNonedownside_2027q2_cfo
/operating_model/cells/downside_2027q2_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q2_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2027q2_cfo:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cfo:downside/valueNone12.161280000000005
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/formula/refs/0Nonedownside_2027q2_noncash_bridge
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/formula/refs/1Nonedownside_2027q2_other_wc
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/idNonedownside_2027q2_cfo_before_contract_funding
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/kindNonederived
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/labelNoneCFO before contract funding
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cfo_before_contract_funding:downside/valueNone12.161280000000005
/operating_model/cells/downside_2027q2_contract_funding:downside/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/downside_2027q2_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_2027q2_contract_funding:downside/idNonedownside_2027q2_contract_funding
/operating_model/cells/downside_2027q2_contract_funding:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_contract_funding:downside/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/downside_2027q2_contract_funding:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_contract_funding:downside/valueNone0.0
/operating_model/cells/downside_2027q2_ending_backlog:downside/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/downside_2027q2_ending_backlog:downside/caseNonedownside
/operating_model/cells/downside_2027q2_ending_backlog:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_ending_backlog:downside/formula/refs/0Nonedownside_2027q2_available_backlog
/operating_model/cells/downside_2027q2_ending_backlog:downside/formula/refs/1Nonedownside_2027q2_revenue
/operating_model/cells/downside_2027q2_ending_backlog:downside/idNonedownside_2027q2_ending_backlog
/operating_model/cells/downside_2027q2_ending_backlog:downside/kindNonederived
/operating_model/cells/downside_2027q2_ending_backlog:downside/labelNoneEnding backlog
/operating_model/cells/downside_2027q2_ending_backlog:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_ending_backlog:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_ending_backlog:downside/valueNone2421.32
/operating_model/cells/downside_2027q2_fcf:downside/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/downside_2027q2_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q2_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_fcf:downside/formula/refs/0Nonedownside_2027q2_cfo
/operating_model/cells/downside_2027q2_fcf:downside/formula/refs/1Nonedownside_2027q2_capex
/operating_model/cells/downside_2027q2_fcf:downside/idNonedownside_2027q2_fcf
/operating_model/cells/downside_2027q2_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q2_fcf:downside/labelNoneCFO less capex
/operating_model/cells/downside_2027q2_fcf:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_fcf:downside/valueNone-0.838719999999995
/operating_model/cells/downside_2027q2_gm:downside/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/downside_2027q2_gm:downside/caseNonedownside
/operating_model/cells/downside_2027q2_gm:downside/idNonedownside_2027q2_gm
/operating_model/cells/downside_2027q2_gm:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_gm:downside/labelNoneGAAP gross margin
/operating_model/cells/downside_2027q2_gm:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_gm:downside/unitNoneratio
/operating_model/cells/downside_2027q2_gm:downside/valueNone0.27
/operating_model/cells/downside_2027q2_gross_profit:downside/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/downside_2027q2_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2027q2_gross_profit:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_gross_profit:downside/formula/refs/0Nonedownside_2027q2_revenue
/operating_model/cells/downside_2027q2_gross_profit:downside/formula/refs/1Nonedownside_2027q2_gm
/operating_model/cells/downside_2027q2_gross_profit:downside/idNonedownside_2027q2_gross_profit
/operating_model/cells/downside_2027q2_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2027q2_gross_profit:downside/labelNoneGAAP gross profit
/operating_model/cells/downside_2027q2_gross_profit:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_gross_profit:downside/valueNone81.27000000000001
/operating_model/cells/downside_2027q2_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q2_interest:downside/idNonedownside_2027q2_interest
/operating_model/cells/downside_2027q2_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2027q2_interest:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_interest:downside/valueNone4.0
/operating_model/cells/downside_2027q2_new_orders:downside/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/downside_2027q2_new_orders:downside/caseNonedownside
/operating_model/cells/downside_2027q2_new_orders:downside/idNonedownside_2027q2_new_orders
/operating_model/cells/downside_2027q2_new_orders:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_new_orders:downside/labelNoneNew net orders
/operating_model/cells/downside_2027q2_new_orders:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_new_orders:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_new_orders:downside/valueNone300.0
/operating_model/cells/downside_2027q2_noncash:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_noncash:downside/caseNonedownside
/operating_model/cells/downside_2027q2_noncash:downside/idNonedownside_2027q2_noncash
/operating_model/cells/downside_2027q2_noncash:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_noncash:downside/labelNoneD&A and stock compensation addback
/operating_model/cells/downside_2027q2_noncash:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_noncash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_noncash:downside/valueNone4.0
/operating_model/cells/downside_2027q2_noncash_bridge:downside/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/downside_2027q2_noncash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2027q2_noncash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_noncash_bridge:downside/formula/refs/0Nonedownside_2027q2_aftertax
/operating_model/cells/downside_2027q2_noncash_bridge:downside/formula/refs/1Nonedownside_2027q2_noncash
/operating_model/cells/downside_2027q2_noncash_bridge:downside/idNonedownside_2027q2_noncash_bridge
/operating_model/cells/downside_2027q2_noncash_bridge:downside/kindNonederived
/operating_model/cells/downside_2027q2_noncash_bridge:downside/labelNoneCash earnings plus noncash charges
/operating_model/cells/downside_2027q2_noncash_bridge:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_noncash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_noncash_bridge:downside/valueNone45.271280000000004
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/formula/refs/0Nonedownside_backlog_conversion
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/formula/refs/1Nonedownside_2027q2_backlog_weight
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/idNonedownside_2027q2_old_backlog_revenue
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/labelNoneRevenue from June 2026 backlog
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_old_backlog_revenue:downside/valueNone286.0
/operating_model/cells/downside_2027q2_operating_income:downside/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/downside_2027q2_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q2_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_operating_income:downside/formula/refs/0Nonedownside_2027q2_gross_profit
/operating_model/cells/downside_2027q2_operating_income:downside/formula/refs/1Nonedownside_2027q2_opex
/operating_model/cells/downside_2027q2_operating_income:downside/idNonedownside_2027q2_operating_income
/operating_model/cells/downside_2027q2_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q2_operating_income:downside/labelNoneGAAP operating income
/operating_model/cells/downside_2027q2_operating_income:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_operating_income:downside/valueNone51.772000000000006
/operating_model/cells/downside_2027q2_opex:downside/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/downside_2027q2_opex:downside/caseNonedownside
/operating_model/cells/downside_2027q2_opex:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_opex:downside/formula/refs/0Nonedownside_2027q2_revenue
/operating_model/cells/downside_2027q2_opex:downside/formula/refs/1Nonedownside_2027q2_opex_ratio
/operating_model/cells/downside_2027q2_opex:downside/idNonedownside_2027q2_opex
/operating_model/cells/downside_2027q2_opex:downside/kindNonederived
/operating_model/cells/downside_2027q2_opex:downside/labelNoneGAAP operating expenses
/operating_model/cells/downside_2027q2_opex:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_opex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_opex:downside/valueNone29.498
/operating_model/cells/downside_2027q2_opex_ratio:downside/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/downside_2027q2_opex_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q2_opex_ratio:downside/idNonedownside_2027q2_opex_ratio
/operating_model/cells/downside_2027q2_opex_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_opex_ratio:downside/labelNoneGAAP operating expense / revenue
/operating_model/cells/downside_2027q2_opex_ratio:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_opex_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q2_opex_ratio:downside/valueNone0.098
/operating_model/cells/downside_2027q2_other_wc:downside/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/downside_2027q2_other_wc:downside/caseNonedownside
/operating_model/cells/downside_2027q2_other_wc:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_other_wc:downside/formula/refs/0Nonedownside_2027q2_revenue
/operating_model/cells/downside_2027q2_other_wc:downside/formula/refs/1Nonedownside_2027q2_wc_ratio
/operating_model/cells/downside_2027q2_other_wc:downside/idNonedownside_2027q2_other_wc
/operating_model/cells/downside_2027q2_other_wc:downside/kindNonederived
/operating_model/cells/downside_2027q2_other_wc:downside/labelNoneNon-contract working-capital cash use
/operating_model/cells/downside_2027q2_other_wc:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_other_wc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_other_wc:downside/valueNone33.11
/operating_model/cells/downside_2027q2_revenue:downside/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/downside_2027q2_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q2_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_revenue:downside/formula/refs/0Nonedownside_2027q2_old_backlog_revenue
/operating_model/cells/downside_2027q2_revenue:downside/formula/refs/1Nonedownside_2027q2_bookship
/operating_model/cells/downside_2027q2_revenue:downside/idNonedownside_2027q2_revenue
/operating_model/cells/downside_2027q2_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q2_revenue:downside/labelNoneRevenue
/operating_model/cells/downside_2027q2_revenue:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_revenue:downside/valueNone301.0
/operating_model/cells/downside_2027q2_tax_rate:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_tax_rate:downside/caseNonedownside
/operating_model/cells/downside_2027q2_tax_rate:downside/idNonedownside_2027q2_tax_rate
/operating_model/cells/downside_2027q2_tax_rate:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_tax_rate:downside/labelNoneCash tax / pretax income
/operating_model/cells/downside_2027q2_tax_rate:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_tax_rate:downside/unitNoneratio
/operating_model/cells/downside_2027q2_tax_rate:downside/valueNone0.26
/operating_model/cells/downside_2027q2_wc_ratio:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_wc_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q2_wc_ratio:downside/idNonedownside_2027q2_wc_ratio
/operating_model/cells/downside_2027q2_wc_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_wc_ratio:downside/labelNoneOther working-capital cash use / revenue
/operating_model/cells/downside_2027q2_wc_ratio:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_wc_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q2_wc_ratio:downside/valueNone0.11
/operating_model/cells/downside_2027q3_aftertax:downside/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/downside_2027q3_aftertax:downside/caseNonedownside
/operating_model/cells/downside_2027q3_aftertax:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_aftertax:downside/formula/refs/0Nonedownside_2027q3_cash_pretax
/operating_model/cells/downside_2027q3_aftertax:downside/formula/refs/1Nonedownside_2027q3_cash_tax
/operating_model/cells/downside_2027q3_aftertax:downside/idNonedownside_2027q3_aftertax
/operating_model/cells/downside_2027q3_aftertax:downside/kindNonederived
/operating_model/cells/downside_2027q3_aftertax:downside/labelNoneCash earnings after tax allowance
/operating_model/cells/downside_2027q3_aftertax:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_aftertax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_aftertax:downside/valueNone45.6395296
/operating_model/cells/downside_2027q3_available_backlog:downside/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/downside_2027q3_available_backlog:downside/caseNonedownside
/operating_model/cells/downside_2027q3_available_backlog:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_available_backlog:downside/formula/refs/0Nonedownside_2027q2_ending_backlog
/operating_model/cells/downside_2027q3_available_backlog:downside/formula/refs/1Nonedownside_2027q3_new_orders
/operating_model/cells/downside_2027q3_available_backlog:downside/idNonedownside_2027q3_available_backlog
/operating_model/cells/downside_2027q3_available_backlog:downside/kindNonederived
/operating_model/cells/downside_2027q3_available_backlog:downside/labelNoneBacklog plus new net orders
/operating_model/cells/downside_2027q3_available_backlog:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_available_backlog:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_available_backlog:downside/valueNone2741.32
/operating_model/cells/downside_2027q3_backlog_weight:downside/basisNoneFour quarter shares sum to one.
/operating_model/cells/downside_2027q3_backlog_weight:downside/caseNonedownside
/operating_model/cells/downside_2027q3_backlog_weight:downside/idNonedownside_2027q3_backlog_weight
/operating_model/cells/downside_2027q3_backlog_weight:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_backlog_weight:downside/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/downside_2027q3_backlog_weight:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_backlog_weight:downside/unitNoneratio
/operating_model/cells/downside_2027q3_backlog_weight:downside/valueNone0.28
/operating_model/cells/downside_2027q3_bookship:downside/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/downside_2027q3_bookship:downside/caseNonedownside
/operating_model/cells/downside_2027q3_bookship:downside/idNonedownside_2027q3_bookship
/operating_model/cells/downside_2027q3_bookship:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_bookship:downside/labelNoneNew book-and-ship revenue
/operating_model/cells/downside_2027q3_bookship:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_bookship:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_bookship:downside/valueNone15.0
/operating_model/cells/downside_2027q3_capex:downside/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/downside_2027q3_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q3_capex:downside/idNonedownside_2027q3_capex
/operating_model/cells/downside_2027q3_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_capex:downside/labelNoneCash capital expenditures
/operating_model/cells/downside_2027q3_capex:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_capex:downside/valueNone13.0
/operating_model/cells/downside_2027q3_cash_pretax:downside/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/downside_2027q3_cash_pretax:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_pretax:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_cash_pretax:downside/formula/refs/0Nonedownside_2027q3_operating_income
/operating_model/cells/downside_2027q3_cash_pretax:downside/formula/refs/1Nonedownside_2027q3_interest
/operating_model/cells/downside_2027q3_cash_pretax:downside/idNonedownside_2027q3_cash_pretax
/operating_model/cells/downside_2027q3_cash_pretax:downside/kindNonederived
/operating_model/cells/downside_2027q3_cash_pretax:downside/labelNoneOperating income plus net interest income
/operating_model/cells/downside_2027q3_cash_pretax:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_pretax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_pretax:downside/valueNone61.67504000000001
/operating_model/cells/downside_2027q3_cash_tax:downside/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/downside_2027q3_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_tax:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_cash_tax:downside/formula/refs/0Nonedownside_2027q3_cash_pretax
/operating_model/cells/downside_2027q3_cash_tax:downside/formula/refs/1Nonedownside_2027q3_tax_rate
/operating_model/cells/downside_2027q3_cash_tax:downside/idNonedownside_2027q3_cash_tax
/operating_model/cells/downside_2027q3_cash_tax:downside/kindNonederived
/operating_model/cells/downside_2027q3_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2027q3_cash_tax:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_tax:downside/valueNone16.035510400000003
/operating_model/cells/downside_2027q3_cfo:downside/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/downside_2027q3_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_cfo:downside/formula/refs/0Nonedownside_2027q3_cfo_before_contract_funding
/operating_model/cells/downside_2027q3_cfo:downside/formula/refs/1Nonedownside_2027q3_contract_funding
/operating_model/cells/downside_2027q3_cfo:downside/idNonedownside_2027q3_cfo
/operating_model/cells/downside_2027q3_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q3_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2027q3_cfo:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cfo:downside/valueNone22.7543296
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/formula/refs/0Nonedownside_2027q3_noncash_bridge
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/formula/refs/1Nonedownside_2027q3_other_wc
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/idNonedownside_2027q3_cfo_before_contract_funding
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/kindNonederived
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/labelNoneCFO before contract funding
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cfo_before_contract_funding:downside/valueNone12.754329599999998
/operating_model/cells/downside_2027q3_contract_funding:downside/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/downside_2027q3_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_2027q3_contract_funding:downside/idNonedownside_2027q3_contract_funding
/operating_model/cells/downside_2027q3_contract_funding:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_contract_funding:downside/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/downside_2027q3_contract_funding:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_contract_funding:downside/valueNone10.0
/operating_model/cells/downside_2027q3_ending_backlog:downside/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/downside_2027q3_ending_backlog:downside/caseNonedownside
/operating_model/cells/downside_2027q3_ending_backlog:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_ending_backlog:downside/formula/refs/0Nonedownside_2027q3_available_backlog
/operating_model/cells/downside_2027q3_ending_backlog:downside/formula/refs/1Nonedownside_2027q3_revenue
/operating_model/cells/downside_2027q3_ending_backlog:downside/idNonedownside_2027q3_ending_backlog
/operating_model/cells/downside_2027q3_ending_backlog:downside/kindNonederived
/operating_model/cells/downside_2027q3_ending_backlog:downside/labelNoneEnding backlog
/operating_model/cells/downside_2027q3_ending_backlog:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_ending_backlog:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_ending_backlog:downside/valueNone2406.0
/operating_model/cells/downside_2027q3_fcf:downside/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/downside_2027q3_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q3_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_fcf:downside/formula/refs/0Nonedownside_2027q3_cfo
/operating_model/cells/downside_2027q3_fcf:downside/formula/refs/1Nonedownside_2027q3_capex
/operating_model/cells/downside_2027q3_fcf:downside/idNonedownside_2027q3_fcf
/operating_model/cells/downside_2027q3_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q3_fcf:downside/labelNoneCFO less capex
/operating_model/cells/downside_2027q3_fcf:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_fcf:downside/valueNone9.754329599999998
/operating_model/cells/downside_2027q3_gm:downside/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/downside_2027q3_gm:downside/caseNonedownside
/operating_model/cells/downside_2027q3_gm:downside/idNonedownside_2027q3_gm
/operating_model/cells/downside_2027q3_gm:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_gm:downside/labelNoneGAAP gross margin
/operating_model/cells/downside_2027q3_gm:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_gm:downside/unitNoneratio
/operating_model/cells/downside_2027q3_gm:downside/valueNone0.27
/operating_model/cells/downside_2027q3_gross_profit:downside/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/downside_2027q3_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2027q3_gross_profit:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_gross_profit:downside/formula/refs/0Nonedownside_2027q3_revenue
/operating_model/cells/downside_2027q3_gross_profit:downside/formula/refs/1Nonedownside_2027q3_gm
/operating_model/cells/downside_2027q3_gross_profit:downside/idNonedownside_2027q3_gross_profit
/operating_model/cells/downside_2027q3_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2027q3_gross_profit:downside/labelNoneGAAP gross profit
/operating_model/cells/downside_2027q3_gross_profit:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_gross_profit:downside/valueNone90.53640000000001
/operating_model/cells/downside_2027q3_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q3_interest:downside/idNonedownside_2027q3_interest
/operating_model/cells/downside_2027q3_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2027q3_interest:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_interest:downside/valueNone4.0
/operating_model/cells/downside_2027q3_new_orders:downside/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/downside_2027q3_new_orders:downside/caseNonedownside
/operating_model/cells/downside_2027q3_new_orders:downside/idNonedownside_2027q3_new_orders
/operating_model/cells/downside_2027q3_new_orders:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_new_orders:downside/labelNoneNew net orders
/operating_model/cells/downside_2027q3_new_orders:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_new_orders:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_new_orders:downside/valueNone320.0
/operating_model/cells/downside_2027q3_noncash:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_noncash:downside/caseNonedownside
/operating_model/cells/downside_2027q3_noncash:downside/idNonedownside_2027q3_noncash
/operating_model/cells/downside_2027q3_noncash:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_noncash:downside/labelNoneD&A and stock compensation addback
/operating_model/cells/downside_2027q3_noncash:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_noncash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_noncash:downside/valueNone4.0
/operating_model/cells/downside_2027q3_noncash_bridge:downside/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/downside_2027q3_noncash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2027q3_noncash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_noncash_bridge:downside/formula/refs/0Nonedownside_2027q3_aftertax
/operating_model/cells/downside_2027q3_noncash_bridge:downside/formula/refs/1Nonedownside_2027q3_noncash
/operating_model/cells/downside_2027q3_noncash_bridge:downside/idNonedownside_2027q3_noncash_bridge
/operating_model/cells/downside_2027q3_noncash_bridge:downside/kindNonederived
/operating_model/cells/downside_2027q3_noncash_bridge:downside/labelNoneCash earnings plus noncash charges
/operating_model/cells/downside_2027q3_noncash_bridge:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_noncash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_noncash_bridge:downside/valueNone49.6395296
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/formula/refs/0Nonedownside_backlog_conversion
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/formula/refs/1Nonedownside_2027q3_backlog_weight
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/idNonedownside_2027q3_old_backlog_revenue
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/labelNoneRevenue from June 2026 backlog
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_old_backlog_revenue:downside/valueNone320.32000000000005
/operating_model/cells/downside_2027q3_operating_income:downside/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/downside_2027q3_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q3_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_operating_income:downside/formula/refs/0Nonedownside_2027q3_gross_profit
/operating_model/cells/downside_2027q3_operating_income:downside/formula/refs/1Nonedownside_2027q3_opex
/operating_model/cells/downside_2027q3_operating_income:downside/idNonedownside_2027q3_operating_income
/operating_model/cells/downside_2027q3_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q3_operating_income:downside/labelNoneGAAP operating income
/operating_model/cells/downside_2027q3_operating_income:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_operating_income:downside/valueNone57.67504000000001
/operating_model/cells/downside_2027q3_opex:downside/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/downside_2027q3_opex:downside/caseNonedownside
/operating_model/cells/downside_2027q3_opex:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_opex:downside/formula/refs/0Nonedownside_2027q3_revenue
/operating_model/cells/downside_2027q3_opex:downside/formula/refs/1Nonedownside_2027q3_opex_ratio
/operating_model/cells/downside_2027q3_opex:downside/idNonedownside_2027q3_opex
/operating_model/cells/downside_2027q3_opex:downside/kindNonederived
/operating_model/cells/downside_2027q3_opex:downside/labelNoneGAAP operating expenses
/operating_model/cells/downside_2027q3_opex:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_opex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_opex:downside/valueNone32.861360000000005
/operating_model/cells/downside_2027q3_opex_ratio:downside/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/downside_2027q3_opex_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q3_opex_ratio:downside/idNonedownside_2027q3_opex_ratio
/operating_model/cells/downside_2027q3_opex_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_opex_ratio:downside/labelNoneGAAP operating expense / revenue
/operating_model/cells/downside_2027q3_opex_ratio:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_opex_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q3_opex_ratio:downside/valueNone0.098
/operating_model/cells/downside_2027q3_other_wc:downside/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/downside_2027q3_other_wc:downside/caseNonedownside
/operating_model/cells/downside_2027q3_other_wc:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_other_wc:downside/formula/refs/0Nonedownside_2027q3_revenue
/operating_model/cells/downside_2027q3_other_wc:downside/formula/refs/1Nonedownside_2027q3_wc_ratio
/operating_model/cells/downside_2027q3_other_wc:downside/idNonedownside_2027q3_other_wc
/operating_model/cells/downside_2027q3_other_wc:downside/kindNonederived
/operating_model/cells/downside_2027q3_other_wc:downside/labelNoneNon-contract working-capital cash use
/operating_model/cells/downside_2027q3_other_wc:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_other_wc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_other_wc:downside/valueNone36.885200000000005
/operating_model/cells/downside_2027q3_revenue:downside/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/downside_2027q3_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q3_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_revenue:downside/formula/refs/0Nonedownside_2027q3_old_backlog_revenue
/operating_model/cells/downside_2027q3_revenue:downside/formula/refs/1Nonedownside_2027q3_bookship
/operating_model/cells/downside_2027q3_revenue:downside/idNonedownside_2027q3_revenue
/operating_model/cells/downside_2027q3_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q3_revenue:downside/labelNoneRevenue
/operating_model/cells/downside_2027q3_revenue:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_revenue:downside/valueNone335.32000000000005
/operating_model/cells/downside_2027q3_tax_rate:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_tax_rate:downside/caseNonedownside
/operating_model/cells/downside_2027q3_tax_rate:downside/idNonedownside_2027q3_tax_rate
/operating_model/cells/downside_2027q3_tax_rate:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_tax_rate:downside/labelNoneCash tax / pretax income
/operating_model/cells/downside_2027q3_tax_rate:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_tax_rate:downside/unitNoneratio
/operating_model/cells/downside_2027q3_tax_rate:downside/valueNone0.26
/operating_model/cells/downside_2027q3_wc_ratio:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_wc_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q3_wc_ratio:downside/idNonedownside_2027q3_wc_ratio
/operating_model/cells/downside_2027q3_wc_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_wc_ratio:downside/labelNoneOther working-capital cash use / revenue
/operating_model/cells/downside_2027q3_wc_ratio:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_wc_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q3_wc_ratio:downside/valueNone0.11
/operating_model/cells/downside_2027q4_aftertax:downside/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/downside_2027q4_aftertax:downside/caseNonedownside
/operating_model/cells/downside_2027q4_aftertax:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_aftertax:downside/formula/refs/0Nonedownside_2027q4_cash_pretax
/operating_model/cells/downside_2027q4_aftertax:downside/formula/refs/1Nonedownside_2027q4_cash_tax
/operating_model/cells/downside_2027q4_aftertax:downside/idNonedownside_2027q4_aftertax
/operating_model/cells/downside_2027q4_aftertax:downside/kindNonederived
/operating_model/cells/downside_2027q4_aftertax:downside/labelNoneCash earnings after tax allowance
/operating_model/cells/downside_2027q4_aftertax:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_aftertax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_aftertax:downside/valueNone42.7706384
/operating_model/cells/downside_2027q4_available_backlog:downside/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/downside_2027q4_available_backlog:downside/caseNonedownside
/operating_model/cells/downside_2027q4_available_backlog:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_available_backlog:downside/formula/refs/0Nonedownside_2027q3_ending_backlog
/operating_model/cells/downside_2027q4_available_backlog:downside/formula/refs/1Nonedownside_2027q4_new_orders
/operating_model/cells/downside_2027q4_available_backlog:downside/idNonedownside_2027q4_available_backlog
/operating_model/cells/downside_2027q4_available_backlog:downside/kindNonederived
/operating_model/cells/downside_2027q4_available_backlog:downside/labelNoneBacklog plus new net orders
/operating_model/cells/downside_2027q4_available_backlog:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_available_backlog:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_available_backlog:downside/valueNone2726.0
/operating_model/cells/downside_2027q4_backlog_fraction:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_backlog_fraction:downside/caseNonedownside
/operating_model/cells/downside_2027q4_backlog_fraction:downside/idNonedownside_2027q4_backlog_fraction
/operating_model/cells/downside_2027q4_backlog_fraction:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_backlog_fraction:downside/labelNoneOpening backlog converted in quarter
/operating_model/cells/downside_2027q4_backlog_fraction:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_backlog_fraction:downside/unitNoneratio
/operating_model/cells/downside_2027q4_backlog_fraction:downside/valueNone0.13
/operating_model/cells/downside_2027q4_capex:downside/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/downside_2027q4_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q4_capex:downside/idNonedownside_2027q4_capex
/operating_model/cells/downside_2027q4_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_capex:downside/labelNoneCash capital expenditures
/operating_model/cells/downside_2027q4_capex:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_capex:downside/valueNone13.0
/operating_model/cells/downside_2027q4_cash_pretax:downside/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/downside_2027q4_cash_pretax:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_pretax:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_cash_pretax:downside/formula/refs/0Nonedownside_2027q4_operating_income
/operating_model/cells/downside_2027q4_cash_pretax:downside/formula/refs/1Nonedownside_2027q4_interest
/operating_model/cells/downside_2027q4_cash_pretax:downside/idNonedownside_2027q4_cash_pretax
/operating_model/cells/downside_2027q4_cash_pretax:downside/kindNonederived
/operating_model/cells/downside_2027q4_cash_pretax:downside/labelNoneOperating income plus net interest income
/operating_model/cells/downside_2027q4_cash_pretax:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_pretax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_pretax:downside/valueNone57.79816
/operating_model/cells/downside_2027q4_cash_tax:downside/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/downside_2027q4_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_tax:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_cash_tax:downside/formula/refs/0Nonedownside_2027q4_cash_pretax
/operating_model/cells/downside_2027q4_cash_tax:downside/formula/refs/1Nonedownside_2027q4_tax_rate
/operating_model/cells/downside_2027q4_cash_tax:downside/idNonedownside_2027q4_cash_tax
/operating_model/cells/downside_2027q4_cash_tax:downside/kindNonederived
/operating_model/cells/downside_2027q4_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2027q4_cash_tax:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_tax:downside/valueNone15.027521600000002
/operating_model/cells/downside_2027q4_cfo:downside/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/downside_2027q4_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_cfo:downside/formula/refs/0Nonedownside_2027q4_cfo_before_contract_funding
/operating_model/cells/downside_2027q4_cfo:downside/formula/refs/1Nonedownside_2027q4_contract_funding
/operating_model/cells/downside_2027q4_cfo:downside/idNonedownside_2027q4_cfo
/operating_model/cells/downside_2027q4_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q4_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2027q4_cfo:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cfo:downside/valueNone22.364838399999996
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/formula/refs/0Nonedownside_2027q4_noncash_bridge
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/formula/refs/1Nonedownside_2027q4_other_wc
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/idNonedownside_2027q4_cfo_before_contract_funding
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/kindNonederived
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/labelNoneCFO before contract funding
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cfo_before_contract_funding:downside/valueNone12.364838399999996
/operating_model/cells/downside_2027q4_contract_funding:downside/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/downside_2027q4_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_2027q4_contract_funding:downside/idNonedownside_2027q4_contract_funding
/operating_model/cells/downside_2027q4_contract_funding:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_contract_funding:downside/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/downside_2027q4_contract_funding:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_contract_funding:downside/valueNone10.0
/operating_model/cells/downside_2027q4_ending_backlog:downside/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/downside_2027q4_ending_backlog:downside/caseNonedownside
/operating_model/cells/downside_2027q4_ending_backlog:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_ending_backlog:downside/formula/refs/0Nonedownside_2027q4_available_backlog
/operating_model/cells/downside_2027q4_ending_backlog:downside/formula/refs/1Nonedownside_2027q4_revenue
/operating_model/cells/downside_2027q4_ending_backlog:downside/idNonedownside_2027q4_ending_backlog
/operating_model/cells/downside_2027q4_ending_backlog:downside/kindNonederived
/operating_model/cells/downside_2027q4_ending_backlog:downside/labelNoneEnding backlog
/operating_model/cells/downside_2027q4_ending_backlog:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_ending_backlog:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_ending_backlog:downside/valueNone2413.22
/operating_model/cells/downside_2027q4_fcf:downside/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/downside_2027q4_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q4_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_fcf:downside/formula/refs/0Nonedownside_2027q4_cfo
/operating_model/cells/downside_2027q4_fcf:downside/formula/refs/1Nonedownside_2027q4_capex
/operating_model/cells/downside_2027q4_fcf:downside/idNonedownside_2027q4_fcf
/operating_model/cells/downside_2027q4_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q4_fcf:downside/labelNoneCFO less capex
/operating_model/cells/downside_2027q4_fcf:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_fcf:downside/valueNone9.364838399999996
/operating_model/cells/downside_2027q4_gm:downside/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/downside_2027q4_gm:downside/caseNonedownside
/operating_model/cells/downside_2027q4_gm:downside/idNonedownside_2027q4_gm
/operating_model/cells/downside_2027q4_gm:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_gm:downside/labelNoneGAAP gross margin
/operating_model/cells/downside_2027q4_gm:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_gm:downside/unitNoneratio
/operating_model/cells/downside_2027q4_gm:downside/valueNone0.27
/operating_model/cells/downside_2027q4_gross_profit:downside/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/downside_2027q4_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2027q4_gross_profit:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_gross_profit:downside/formula/refs/0Nonedownside_2027q4_revenue
/operating_model/cells/downside_2027q4_gross_profit:downside/formula/refs/1Nonedownside_2027q4_gm
/operating_model/cells/downside_2027q4_gross_profit:downside/idNonedownside_2027q4_gross_profit
/operating_model/cells/downside_2027q4_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2027q4_gross_profit:downside/labelNoneGAAP gross profit
/operating_model/cells/downside_2027q4_gross_profit:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_gross_profit:downside/valueNone84.45060000000001
/operating_model/cells/downside_2027q4_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q4_interest:downside/idNonedownside_2027q4_interest
/operating_model/cells/downside_2027q4_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2027q4_interest:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_interest:downside/valueNone4.0
/operating_model/cells/downside_2027q4_new_orders:downside/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/downside_2027q4_new_orders:downside/caseNonedownside
/operating_model/cells/downside_2027q4_new_orders:downside/idNonedownside_2027q4_new_orders
/operating_model/cells/downside_2027q4_new_orders:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_new_orders:downside/labelNoneNew net orders
/operating_model/cells/downside_2027q4_new_orders:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_new_orders:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_new_orders:downside/valueNone320.0
/operating_model/cells/downside_2027q4_noncash:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_noncash:downside/caseNonedownside
/operating_model/cells/downside_2027q4_noncash:downside/idNonedownside_2027q4_noncash
/operating_model/cells/downside_2027q4_noncash:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_noncash:downside/labelNoneD&A and stock compensation addback
/operating_model/cells/downside_2027q4_noncash:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_noncash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_noncash:downside/valueNone4.0
/operating_model/cells/downside_2027q4_noncash_bridge:downside/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/downside_2027q4_noncash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2027q4_noncash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_noncash_bridge:downside/formula/refs/0Nonedownside_2027q4_aftertax
/operating_model/cells/downside_2027q4_noncash_bridge:downside/formula/refs/1Nonedownside_2027q4_noncash
/operating_model/cells/downside_2027q4_noncash_bridge:downside/idNonedownside_2027q4_noncash_bridge
/operating_model/cells/downside_2027q4_noncash_bridge:downside/kindNonederived
/operating_model/cells/downside_2027q4_noncash_bridge:downside/labelNoneCash earnings plus noncash charges
/operating_model/cells/downside_2027q4_noncash_bridge:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_noncash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_noncash_bridge:downside/valueNone46.7706384
/operating_model/cells/downside_2027q4_operating_income:downside/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/downside_2027q4_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q4_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_operating_income:downside/formula/refs/0Nonedownside_2027q4_gross_profit
/operating_model/cells/downside_2027q4_operating_income:downside/formula/refs/1Nonedownside_2027q4_opex
/operating_model/cells/downside_2027q4_operating_income:downside/idNonedownside_2027q4_operating_income
/operating_model/cells/downside_2027q4_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q4_operating_income:downside/labelNoneGAAP operating income
/operating_model/cells/downside_2027q4_operating_income:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_operating_income:downside/valueNone53.79816
/operating_model/cells/downside_2027q4_opex:downside/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/downside_2027q4_opex:downside/caseNonedownside
/operating_model/cells/downside_2027q4_opex:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_opex:downside/formula/refs/0Nonedownside_2027q4_revenue
/operating_model/cells/downside_2027q4_opex:downside/formula/refs/1Nonedownside_2027q4_opex_ratio
/operating_model/cells/downside_2027q4_opex:downside/idNonedownside_2027q4_opex
/operating_model/cells/downside_2027q4_opex:downside/kindNonederived
/operating_model/cells/downside_2027q4_opex:downside/labelNoneGAAP operating expenses
/operating_model/cells/downside_2027q4_opex:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_opex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_opex:downside/valueNone30.652440000000006
/operating_model/cells/downside_2027q4_opex_ratio:downside/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/downside_2027q4_opex_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q4_opex_ratio:downside/idNonedownside_2027q4_opex_ratio
/operating_model/cells/downside_2027q4_opex_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_opex_ratio:downside/labelNoneGAAP operating expense / revenue
/operating_model/cells/downside_2027q4_opex_ratio:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_opex_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q4_opex_ratio:downside/valueNone0.098
/operating_model/cells/downside_2027q4_other_wc:downside/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/downside_2027q4_other_wc:downside/caseNonedownside
/operating_model/cells/downside_2027q4_other_wc:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_other_wc:downside/formula/refs/0Nonedownside_2027q4_revenue
/operating_model/cells/downside_2027q4_other_wc:downside/formula/refs/1Nonedownside_2027q4_wc_ratio
/operating_model/cells/downside_2027q4_other_wc:downside/idNonedownside_2027q4_other_wc
/operating_model/cells/downside_2027q4_other_wc:downside/kindNonederived
/operating_model/cells/downside_2027q4_other_wc:downside/labelNoneNon-contract working-capital cash use
/operating_model/cells/downside_2027q4_other_wc:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_other_wc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_other_wc:downside/valueNone34.405800000000006
/operating_model/cells/downside_2027q4_revenue:downside/basisNoneFifth quarter recognizes a share of the rolled-forward backlog; no additional book-and-ship term.
/operating_model/cells/downside_2027q4_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q4_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_revenue:downside/formula/refs/0Nonedownside_2027q3_ending_backlog
/operating_model/cells/downside_2027q4_revenue:downside/formula/refs/1Nonedownside_2027q4_backlog_fraction
/operating_model/cells/downside_2027q4_revenue:downside/idNonedownside_2027q4_revenue
/operating_model/cells/downside_2027q4_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q4_revenue:downside/labelNoneRevenue from remaining opening backlog
/operating_model/cells/downside_2027q4_revenue:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_revenue:downside/valueNone312.78000000000003
/operating_model/cells/downside_2027q4_tax_rate:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_tax_rate:downside/caseNonedownside
/operating_model/cells/downside_2027q4_tax_rate:downside/idNonedownside_2027q4_tax_rate
/operating_model/cells/downside_2027q4_tax_rate:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_tax_rate:downside/labelNoneCash tax / pretax income
/operating_model/cells/downside_2027q4_tax_rate:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_tax_rate:downside/unitNoneratio
/operating_model/cells/downside_2027q4_tax_rate:downside/valueNone0.26
/operating_model/cells/downside_2027q4_wc_ratio:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_wc_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q4_wc_ratio:downside/idNonedownside_2027q4_wc_ratio
/operating_model/cells/downside_2027q4_wc_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_wc_ratio:downside/labelNoneOther working-capital cash use / revenue
/operating_model/cells/downside_2027q4_wc_ratio:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_wc_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q4_wc_ratio:downside/valueNone0.11
/operating_model/cells/downside_backlog_conversion:downside/basisNoneApplies desk timing to the company disclosed subset of backlog.
/operating_model/cells/downside_backlog_conversion:downside/caseNonedownside
/operating_model/cells/downside_backlog_conversion:downside/formula/opNonemultiply
/operating_model/cells/downside_backlog_conversion:downside/formula/refs/0Nonebacklog_next12
/operating_model/cells/downside_backlog_conversion:downside/formula/refs/1Nonedownside_delivery
/operating_model/cells/downside_backlog_conversion:downside/idNonedownside_backlog_conversion
/operating_model/cells/downside_backlog_conversion:downside/kindNonederived
/operating_model/cells/downside_backlog_conversion:downside/labelNoneExisting June backlog converted in next year
/operating_model/cells/downside_backlog_conversion:downside/periodNoneNext 12 months
/operating_model/cells/downside_backlog_conversion:downside/unitNoneUSD_millions
/operating_model/cells/downside_backlog_conversion:downside/valueNone1144.0
/operating_model/cells/downside_delivery:downside/basisNoneDesk timing sensitivity; upside accelerates some later backlog, downside shifts it beyond June 2027.
/operating_model/cells/downside_delivery:downside/caseNonedownside
/operating_model/cells/downside_delivery:downside/idNonedownside_delivery
/operating_model/cells/downside_delivery:downside/kindNoneassumption
/operating_model/cells/downside_delivery:downside/labelNoneBacklog conversion versus twelve-month expectation
/operating_model/cells/downside_delivery:downside/periodNoneNext 12 months
/operating_model/cells/downside_delivery:downside/unitNoneratio
/operating_model/cells/downside_delivery:downside/valueNone0.88
/operating_model/cells/downside_fy2026_capex:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_capex:downside/caseNonedownside
/operating_model/cells/downside_fy2026_capex:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/0Noneytd_capex
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/1Nonedownside_2026q4_capex
/operating_model/cells/downside_fy2026_capex:downside/idNonedownside_fy2026_capex
/operating_model/cells/downside_fy2026_capex:downside/kindNonederived
/operating_model/cells/downside_fy2026_capex:downside/labelNoneCash capex ($M)
/operating_model/cells/downside_fy2026_capex:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_capex:downside/valueNone23.386
/operating_model/cells/downside_fy2026_cfo:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_cfo:downside/caseNonedownside
/operating_model/cells/downside_fy2026_cfo:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/0Noneytd_cfo
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/1Nonedownside_2026q4_cfo
/operating_model/cells/downside_fy2026_cfo:downside/idNonedownside_fy2026_cfo
/operating_model/cells/downside_fy2026_cfo:downside/kindNonederived
/operating_model/cells/downside_fy2026_cfo:downside/labelNoneOperating cash flow ($M)
/operating_model/cells/downside_fy2026_cfo:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_cfo:downside/valueNone196.91519680000002
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/formula/refs/0Noneytd_cfo_before_contract_funding
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/formula/refs/1Nonedownside_2026q4_cfo_before_contract_funding
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/idNonedownside_fy2026_cfo_before_contract_funding
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/kindNonederived
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/labelNoneCFO before contract funding ($M)
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_cfo_before_contract_funding:downside/valueNone18.152196800000006
/operating_model/cells/downside_fy2026_contract_funding:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_fy2026_contract_funding:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_contract_funding:downside/formula/refs/0Noneytd_contract_funding
/operating_model/cells/downside_fy2026_contract_funding:downside/formula/refs/1Nonedownside_2026q4_contract_funding
/operating_model/cells/downside_fy2026_contract_funding:downside/idNonedownside_fy2026_contract_funding
/operating_model/cells/downside_fy2026_contract_funding:downside/kindNonederived
/operating_model/cells/downside_fy2026_contract_funding:downside/labelNoneNet contract funding ($M)
/operating_model/cells/downside_fy2026_contract_funding:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_contract_funding:downside/valueNone178.763
/operating_model/cells/downside_fy2026_fcf:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_fcf:downside/caseNonedownside
/operating_model/cells/downside_fy2026_fcf:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_fcf:downside/formula/refs/0Noneytd_fcf
/operating_model/cells/downside_fy2026_fcf:downside/formula/refs/1Nonedownside_2026q4_fcf
/operating_model/cells/downside_fy2026_fcf:downside/idNonedownside_fy2026_fcf
/operating_model/cells/downside_fy2026_fcf:downside/kindNonederived
/operating_model/cells/downside_fy2026_fcf:downside/labelNoneCFO less capex ($M)
/operating_model/cells/downside_fy2026_fcf:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_fcf:downside/valueNone173.52919680000002
/operating_model/cells/downside_fy2026_gross_profit:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_fy2026_gross_profit:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_gross_profit:downside/formula/refs/0Noneytd_gross_profit
/operating_model/cells/downside_fy2026_gross_profit:downside/formula/refs/1Nonedownside_2026q4_gross_profit
/operating_model/cells/downside_fy2026_gross_profit:downside/idNonedownside_fy2026_gross_profit
/operating_model/cells/downside_fy2026_gross_profit:downside/kindNonederived
/operating_model/cells/downside_fy2026_gross_profit:downside/labelNoneGAAP gross profit ($M)
/operating_model/cells/downside_fy2026_gross_profit:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_gross_profit:downside/valueNone331.4842
/operating_model/cells/downside_fy2026_operating_income:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_operating_income:downside/caseNonedownside
/operating_model/cells/downside_fy2026_operating_income:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/0Noneytd_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/1Nonedownside_2026q4_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/idNonedownside_fy2026_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/kindNonederived
/operating_model/cells/downside_fy2026_operating_income:downside/labelNoneGAAP operating income ($M)
/operating_model/cells/downside_fy2026_operating_income:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_operating_income:downside/valueNone213.37232
/operating_model/cells/downside_fy2026_revenue:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_revenue:downside/caseNonedownside
/operating_model/cells/downside_fy2026_revenue:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/0Noneytd_revenue
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/1Nonedownside_2026q4_revenue
/operating_model/cells/downside_fy2026_revenue:downside/idNonedownside_fy2026_revenue
/operating_model/cells/downside_fy2026_revenue:downside/kindNonederived
/operating_model/cells/downside_fy2026_revenue:downside/labelNoneRevenue ($M)
/operating_model/cells/downside_fy2026_revenue:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_revenue:downside/valueNone1144.099
/operating_model/cells/downside_fy2027_capex:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_capex:downside/caseNonedownside
/operating_model/cells/downside_fy2027_capex:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/0Nonedownside_2027q1_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/1Nonedownside_2027q2_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/2Nonedownside_2027q3_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/3Nonedownside_2027q4_capex
/operating_model/cells/downside_fy2027_capex:downside/idNonedownside_fy2027_capex
/operating_model/cells/downside_fy2027_capex:downside/kindNonederived
/operating_model/cells/downside_fy2027_capex:downside/labelNoneCash capex ($M)
/operating_model/cells/downside_fy2027_capex:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_capex:downside/valueNone52.0
/operating_model/cells/downside_fy2027_cfo:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_cfo:downside/caseNonedownside
/operating_model/cells/downside_fy2027_cfo:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/0Nonedownside_2027q1_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/1Nonedownside_2027q2_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/2Nonedownside_2027q3_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/3Nonedownside_2027q4_cfo
/operating_model/cells/downside_fy2027_cfo:downside/idNonedownside_fy2027_cfo
/operating_model/cells/downside_fy2027_cfo:downside/kindNonederived
/operating_model/cells/downside_fy2027_cfo:downside/labelNoneOperating cash flow ($M)
/operating_model/cells/downside_fy2027_cfo:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_cfo:downside/valueNone68.9599616
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/formula/refs/0Nonedownside_2027q1_cfo_before_contract_funding
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/formula/refs/1Nonedownside_2027q2_cfo_before_contract_funding
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/formula/refs/2Nonedownside_2027q3_cfo_before_contract_funding
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/formula/refs/3Nonedownside_2027q4_cfo_before_contract_funding
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/idNonedownside_fy2027_cfo_before_contract_funding
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/kindNonederived
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/labelNoneCFO before contract funding ($M)
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_cfo_before_contract_funding:downside/valueNone48.9599616
/operating_model/cells/downside_fy2027_contract_funding:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_contract_funding:downside/caseNonedownside
/operating_model/cells/downside_fy2027_contract_funding:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_contract_funding:downside/formula/refs/0Nonedownside_2027q1_contract_funding
/operating_model/cells/downside_fy2027_contract_funding:downside/formula/refs/1Nonedownside_2027q2_contract_funding
/operating_model/cells/downside_fy2027_contract_funding:downside/formula/refs/2Nonedownside_2027q3_contract_funding
/operating_model/cells/downside_fy2027_contract_funding:downside/formula/refs/3Nonedownside_2027q4_contract_funding
/operating_model/cells/downside_fy2027_contract_funding:downside/idNonedownside_fy2027_contract_funding
/operating_model/cells/downside_fy2027_contract_funding:downside/kindNonederived
/operating_model/cells/downside_fy2027_contract_funding:downside/labelNoneNet contract funding ($M)
/operating_model/cells/downside_fy2027_contract_funding:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_contract_funding:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_contract_funding:downside/valueNone20.0
/operating_model/cells/downside_fy2027_fcf:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_fcf:downside/caseNonedownside
/operating_model/cells/downside_fy2027_fcf:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/0Nonedownside_2027q1_fcf
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/1Nonedownside_2027q2_fcf
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/2Nonedownside_2027q3_fcf
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/3Nonedownside_2027q4_fcf
/operating_model/cells/downside_fy2027_fcf:downside/idNonedownside_fy2027_fcf
/operating_model/cells/downside_fy2027_fcf:downside/kindNonederived
/operating_model/cells/downside_fy2027_fcf:downside/labelNoneCFO less capex ($M)
/operating_model/cells/downside_fy2027_fcf:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_fcf:downside/valueNone16.959961600000003
/operating_model/cells/downside_fy2027_gross_profit:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_fy2027_gross_profit:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/0Nonedownside_2027q1_gross_profit
/operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/1Nonedownside_2027q2_gross_profit
/operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/2Nonedownside_2027q3_gross_profit
/operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/3Nonedownside_2027q4_gross_profit
/operating_model/cells/downside_fy2027_gross_profit:downside/idNonedownside_fy2027_gross_profit
/operating_model/cells/downside_fy2027_gross_profit:downside/kindNonederived
/operating_model/cells/downside_fy2027_gross_profit:downside/labelNoneGAAP gross profit ($M)
/operating_model/cells/downside_fy2027_gross_profit:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_gross_profit:downside/valueNone329.99940000000004
/operating_model/cells/downside_fy2027_operating_income:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_operating_income:downside/caseNonedownside
/operating_model/cells/downside_fy2027_operating_income:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/0Nonedownside_2027q1_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/1Nonedownside_2027q2_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/2Nonedownside_2027q3_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/3Nonedownside_2027q4_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/idNonedownside_fy2027_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/kindNonederived
/operating_model/cells/downside_fy2027_operating_income:downside/labelNoneGAAP operating income ($M)
/operating_model/cells/downside_fy2027_operating_income:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_operating_income:downside/valueNone210.22184000000001
/operating_model/cells/downside_fy2027_revenue:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_revenue:downside/caseNonedownside
/operating_model/cells/downside_fy2027_revenue:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/0Nonedownside_2027q1_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/1Nonedownside_2027q2_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/2Nonedownside_2027q3_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/3Nonedownside_2027q4_revenue
/operating_model/cells/downside_fy2027_revenue:downside/idNonedownside_fy2027_revenue
/operating_model/cells/downside_fy2027_revenue:downside/kindNonederived
/operating_model/cells/downside_fy2027_revenue:downside/labelNoneRevenue ($M)
/operating_model/cells/downside_fy2027_revenue:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_revenue:downside/valueNone1222.22
/operating_model/cells/q3_orders:shared/basisNoneNet of cancellations and scope changes; the major project awards are included.
/operating_model/cells/q3_orders:shared/caseNoneshared
/operating_model/cells/q3_orders:shared/idNoneq3_orders
/operating_model/cells/q3_orders:shared/kindNonereported
/operating_model/cells/q3_orders:shared/labelNoneQ3 new net orders
/operating_model/cells/q3_orders:shared/periodNone2026Q3
/operating_model/cells/q3_orders:shared/source_dateNone2026-08-03
/operating_model/cells/q3_orders:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000103/ex991-powlq3xfy2026earning.htm
/operating_model/cells/q3_orders:shared/unitNoneUSD_millions
/operating_model/cells/q3_orders:shared/valueNone934.2
/operating_model/cells/q3_revenue:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/q3_revenue:shared/caseNoneshared
/operating_model/cells/q3_revenue:shared/idNoneq3_revenue
/operating_model/cells/q3_revenue:shared/kindNonereported
/operating_model/cells/q3_revenue:shared/labelNoneQ3 revenue
/operating_model/cells/q3_revenue:shared/periodNone2026Q3
/operating_model/cells/q3_revenue:shared/source_dateNone2026-08-04
/operating_model/cells/q3_revenue:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/q3_revenue:shared/unitNoneUSD_millions
/operating_model/cells/q3_revenue:shared/valueNone311.74
/operating_model/cells/upside_2026q4_aftertax:upside/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/upside_2026q4_aftertax:upside/caseNoneupside
/operating_model/cells/upside_2026q4_aftertax:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_aftertax:upside/formula/refs/0Noneupside_2026q4_cash_pretax
/operating_model/cells/upside_2026q4_aftertax:upside/formula/refs/1Noneupside_2026q4_cash_tax
/operating_model/cells/upside_2026q4_aftertax:upside/idNoneupside_2026q4_aftertax
/operating_model/cells/upside_2026q4_aftertax:upside/kindNonederived
/operating_model/cells/upside_2026q4_aftertax:upside/labelNoneCash earnings after tax allowance
/operating_model/cells/upside_2026q4_aftertax:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_aftertax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_aftertax:upside/valueNone68.02560000000001
/operating_model/cells/upside_2026q4_available_backlog:upside/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/upside_2026q4_available_backlog:upside/caseNoneupside
/operating_model/cells/upside_2026q4_available_backlog:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_available_backlog:upside/formula/refs/0Nonebacklog
/operating_model/cells/upside_2026q4_available_backlog:upside/formula/refs/1Noneupside_2026q4_new_orders
/operating_model/cells/upside_2026q4_available_backlog:upside/idNoneupside_2026q4_available_backlog
/operating_model/cells/upside_2026q4_available_backlog:upside/kindNonederived
/operating_model/cells/upside_2026q4_available_backlog:upside/labelNoneBacklog plus new net orders
/operating_model/cells/upside_2026q4_available_backlog:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_available_backlog:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_available_backlog:upside/valueNone2900.0
/operating_model/cells/upside_2026q4_backlog_weight:upside/basisNoneFour quarter shares sum to one.
/operating_model/cells/upside_2026q4_backlog_weight:upside/caseNoneupside
/operating_model/cells/upside_2026q4_backlog_weight:upside/idNoneupside_2026q4_backlog_weight
/operating_model/cells/upside_2026q4_backlog_weight:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_backlog_weight:upside/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/upside_2026q4_backlog_weight:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_backlog_weight:upside/unitNoneratio
/operating_model/cells/upside_2026q4_backlog_weight:upside/valueNone0.24
/operating_model/cells/upside_2026q4_bookship:upside/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/upside_2026q4_bookship:upside/caseNoneupside
/operating_model/cells/upside_2026q4_bookship:upside/idNoneupside_2026q4_bookship
/operating_model/cells/upside_2026q4_bookship:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_bookship:upside/labelNoneNew book-and-ship revenue
/operating_model/cells/upside_2026q4_bookship:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_bookship:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_bookship:upside/valueNone40.0
/operating_model/cells/upside_2026q4_capex:upside/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/upside_2026q4_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q4_capex:upside/idNoneupside_2026q4_capex
/operating_model/cells/upside_2026q4_capex:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_capex:upside/labelNoneCash capital expenditures
/operating_model/cells/upside_2026q4_capex:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_capex:upside/valueNone9.0
/operating_model/cells/upside_2026q4_cash_pretax:upside/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/upside_2026q4_cash_pretax:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_pretax:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_cash_pretax:upside/formula/refs/0Noneupside_2026q4_operating_income
/operating_model/cells/upside_2026q4_cash_pretax:upside/formula/refs/1Noneupside_2026q4_interest
/operating_model/cells/upside_2026q4_cash_pretax:upside/idNoneupside_2026q4_cash_pretax
/operating_model/cells/upside_2026q4_cash_pretax:upside/kindNonederived
/operating_model/cells/upside_2026q4_cash_pretax:upside/labelNoneOperating income plus net interest income
/operating_model/cells/upside_2026q4_cash_pretax:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_pretax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_pretax:upside/valueNone90.70080000000002
/operating_model/cells/upside_2026q4_cash_tax:upside/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/upside_2026q4_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_tax:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_cash_tax:upside/formula/refs/0Noneupside_2026q4_cash_pretax
/operating_model/cells/upside_2026q4_cash_tax:upside/formula/refs/1Noneupside_2026q4_tax_rate
/operating_model/cells/upside_2026q4_cash_tax:upside/idNoneupside_2026q4_cash_tax
/operating_model/cells/upside_2026q4_cash_tax:upside/kindNonederived
/operating_model/cells/upside_2026q4_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2026q4_cash_tax:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_tax:upside/valueNone22.675200000000004
/operating_model/cells/upside_2026q4_cfo:upside/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/upside_2026q4_cfo:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_cfo:upside/formula/refs/0Noneupside_2026q4_cfo_before_contract_funding
/operating_model/cells/upside_2026q4_cfo:upside/formula/refs/1Noneupside_2026q4_contract_funding
/operating_model/cells/upside_2026q4_cfo:upside/idNoneupside_2026q4_cfo
/operating_model/cells/upside_2026q4_cfo:upside/kindNonederived
/operating_model/cells/upside_2026q4_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2026q4_cfo:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cfo:upside/valueNone91.79280000000001
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/formula/refs/0Noneupside_2026q4_noncash_bridge
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/formula/refs/1Noneupside_2026q4_other_wc
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/idNoneupside_2026q4_cfo_before_contract_funding
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/kindNonederived
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/labelNoneCFO before contract funding
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cfo_before_contract_funding:upside/valueNone51.792800000000014
/operating_model/cells/upside_2026q4_contract_funding:upside/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/upside_2026q4_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_2026q4_contract_funding:upside/idNoneupside_2026q4_contract_funding
/operating_model/cells/upside_2026q4_contract_funding:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_contract_funding:upside/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/upside_2026q4_contract_funding:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_contract_funding:upside/valueNone40.0
/operating_model/cells/upside_2026q4_ending_backlog:upside/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/upside_2026q4_ending_backlog:upside/caseNoneupside
/operating_model/cells/upside_2026q4_ending_backlog:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_ending_backlog:upside/formula/refs/0Noneupside_2026q4_available_backlog
/operating_model/cells/upside_2026q4_ending_backlog:upside/formula/refs/1Noneupside_2026q4_revenue
/operating_model/cells/upside_2026q4_ending_backlog:upside/idNoneupside_2026q4_ending_backlog
/operating_model/cells/upside_2026q4_ending_backlog:upside/kindNonederived
/operating_model/cells/upside_2026q4_ending_backlog:upside/labelNoneEnding backlog
/operating_model/cells/upside_2026q4_ending_backlog:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_ending_backlog:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_ending_backlog:upside/valueNone2523.04
/operating_model/cells/upside_2026q4_fcf:upside/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/upside_2026q4_fcf:upside/caseNoneupside
/operating_model/cells/upside_2026q4_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_fcf:upside/formula/refs/0Noneupside_2026q4_cfo
/operating_model/cells/upside_2026q4_fcf:upside/formula/refs/1Noneupside_2026q4_capex
/operating_model/cells/upside_2026q4_fcf:upside/idNoneupside_2026q4_fcf
/operating_model/cells/upside_2026q4_fcf:upside/kindNonederived
/operating_model/cells/upside_2026q4_fcf:upside/labelNoneCFO less capex
/operating_model/cells/upside_2026q4_fcf:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_fcf:upside/valueNone82.79280000000001
/operating_model/cells/upside_2026q4_gm:upside/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/upside_2026q4_gm:upside/caseNoneupside
/operating_model/cells/upside_2026q4_gm:upside/idNoneupside_2026q4_gm
/operating_model/cells/upside_2026q4_gm:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_gm:upside/labelNoneGAAP gross margin
/operating_model/cells/upside_2026q4_gm:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_gm:upside/unitNoneratio
/operating_model/cells/upside_2026q4_gm:upside/valueNone0.32
/operating_model/cells/upside_2026q4_gross_profit:upside/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/upside_2026q4_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2026q4_gross_profit:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_gross_profit:upside/formula/refs/0Noneupside_2026q4_revenue
/operating_model/cells/upside_2026q4_gross_profit:upside/formula/refs/1Noneupside_2026q4_gm
/operating_model/cells/upside_2026q4_gross_profit:upside/idNoneupside_2026q4_gross_profit
/operating_model/cells/upside_2026q4_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2026q4_gross_profit:upside/labelNoneGAAP gross profit
/operating_model/cells/upside_2026q4_gross_profit:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_gross_profit:upside/valueNone120.6272
/operating_model/cells/upside_2026q4_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_interest:upside/caseNoneupside
/operating_model/cells/upside_2026q4_interest:upside/idNoneupside_2026q4_interest
/operating_model/cells/upside_2026q4_interest:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2026q4_interest:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_interest:upside/valueNone4.0
/operating_model/cells/upside_2026q4_new_orders:upside/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/upside_2026q4_new_orders:upside/caseNoneupside
/operating_model/cells/upside_2026q4_new_orders:upside/idNoneupside_2026q4_new_orders
/operating_model/cells/upside_2026q4_new_orders:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_new_orders:upside/labelNoneNew net orders
/operating_model/cells/upside_2026q4_new_orders:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_new_orders:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_new_orders:upside/valueNone500.0
/operating_model/cells/upside_2026q4_noncash:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_noncash:upside/caseNoneupside
/operating_model/cells/upside_2026q4_noncash:upside/idNoneupside_2026q4_noncash
/operating_model/cells/upside_2026q4_noncash:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_noncash:upside/labelNoneD&A and stock compensation addback
/operating_model/cells/upside_2026q4_noncash:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_noncash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_noncash:upside/valueNone4.5
/operating_model/cells/upside_2026q4_noncash_bridge:upside/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/upside_2026q4_noncash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2026q4_noncash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_noncash_bridge:upside/formula/refs/0Noneupside_2026q4_aftertax
/operating_model/cells/upside_2026q4_noncash_bridge:upside/formula/refs/1Noneupside_2026q4_noncash
/operating_model/cells/upside_2026q4_noncash_bridge:upside/idNoneupside_2026q4_noncash_bridge
/operating_model/cells/upside_2026q4_noncash_bridge:upside/kindNonederived
/operating_model/cells/upside_2026q4_noncash_bridge:upside/labelNoneCash earnings plus noncash charges
/operating_model/cells/upside_2026q4_noncash_bridge:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_noncash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_noncash_bridge:upside/valueNone72.52560000000001
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/formula/refs/0Noneupside_backlog_conversion
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/formula/refs/1Noneupside_2026q4_backlog_weight
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/idNoneupside_2026q4_old_backlog_revenue
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/kindNonederived
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/labelNoneRevenue from June 2026 backlog
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_old_backlog_revenue:upside/valueNone336.96
/operating_model/cells/upside_2026q4_operating_income:upside/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/upside_2026q4_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2026q4_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_operating_income:upside/formula/refs/0Noneupside_2026q4_gross_profit
/operating_model/cells/upside_2026q4_operating_income:upside/formula/refs/1Noneupside_2026q4_opex
/operating_model/cells/upside_2026q4_operating_income:upside/idNoneupside_2026q4_operating_income
/operating_model/cells/upside_2026q4_operating_income:upside/kindNonederived
/operating_model/cells/upside_2026q4_operating_income:upside/labelNoneGAAP operating income
/operating_model/cells/upside_2026q4_operating_income:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_operating_income:upside/valueNone86.70080000000002
/operating_model/cells/upside_2026q4_opex:upside/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/upside_2026q4_opex:upside/caseNoneupside
/operating_model/cells/upside_2026q4_opex:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_opex:upside/formula/refs/0Noneupside_2026q4_revenue
/operating_model/cells/upside_2026q4_opex:upside/formula/refs/1Noneupside_2026q4_opex_ratio
/operating_model/cells/upside_2026q4_opex:upside/idNoneupside_2026q4_opex
/operating_model/cells/upside_2026q4_opex:upside/kindNonederived
/operating_model/cells/upside_2026q4_opex:upside/labelNoneGAAP operating expenses
/operating_model/cells/upside_2026q4_opex:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_opex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_opex:upside/valueNone33.926399999999994
/operating_model/cells/upside_2026q4_opex_ratio:upside/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/upside_2026q4_opex_ratio:upside/caseNoneupside
/operating_model/cells/upside_2026q4_opex_ratio:upside/idNoneupside_2026q4_opex_ratio
/operating_model/cells/upside_2026q4_opex_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_opex_ratio:upside/labelNoneGAAP operating expense / revenue
/operating_model/cells/upside_2026q4_opex_ratio:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_opex_ratio:upside/unitNoneratio
/operating_model/cells/upside_2026q4_opex_ratio:upside/valueNone0.09
/operating_model/cells/upside_2026q4_other_wc:upside/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/upside_2026q4_other_wc:upside/caseNoneupside
/operating_model/cells/upside_2026q4_other_wc:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_other_wc:upside/formula/refs/0Noneupside_2026q4_revenue
/operating_model/cells/upside_2026q4_other_wc:upside/formula/refs/1Noneupside_2026q4_wc_ratio
/operating_model/cells/upside_2026q4_other_wc:upside/idNoneupside_2026q4_other_wc
/operating_model/cells/upside_2026q4_other_wc:upside/kindNonederived
/operating_model/cells/upside_2026q4_other_wc:upside/labelNoneNon-contract working-capital cash use
/operating_model/cells/upside_2026q4_other_wc:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_other_wc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_other_wc:upside/valueNone20.732799999999997
/operating_model/cells/upside_2026q4_revenue:upside/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/upside_2026q4_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q4_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_revenue:upside/formula/refs/0Noneupside_2026q4_old_backlog_revenue
/operating_model/cells/upside_2026q4_revenue:upside/formula/refs/1Noneupside_2026q4_bookship
/operating_model/cells/upside_2026q4_revenue:upside/idNoneupside_2026q4_revenue
/operating_model/cells/upside_2026q4_revenue:upside/kindNonederived
/operating_model/cells/upside_2026q4_revenue:upside/labelNoneRevenue
/operating_model/cells/upside_2026q4_revenue:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_revenue:upside/valueNone376.96
/operating_model/cells/upside_2026q4_tax_rate:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_tax_rate:upside/caseNoneupside
/operating_model/cells/upside_2026q4_tax_rate:upside/idNoneupside_2026q4_tax_rate
/operating_model/cells/upside_2026q4_tax_rate:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_tax_rate:upside/labelNoneCash tax / pretax income
/operating_model/cells/upside_2026q4_tax_rate:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_tax_rate:upside/unitNoneratio
/operating_model/cells/upside_2026q4_tax_rate:upside/valueNone0.25
/operating_model/cells/upside_2026q4_wc_ratio:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_wc_ratio:upside/caseNoneupside
/operating_model/cells/upside_2026q4_wc_ratio:upside/idNoneupside_2026q4_wc_ratio
/operating_model/cells/upside_2026q4_wc_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_wc_ratio:upside/labelNoneOther working-capital cash use / revenue
/operating_model/cells/upside_2026q4_wc_ratio:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_wc_ratio:upside/unitNoneratio
/operating_model/cells/upside_2026q4_wc_ratio:upside/valueNone0.055
/operating_model/cells/upside_2027q1_aftertax:upside/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/upside_2027q1_aftertax:upside/caseNoneupside
/operating_model/cells/upside_2027q1_aftertax:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_aftertax:upside/formula/refs/0Noneupside_2027q1_cash_pretax
/operating_model/cells/upside_2027q1_aftertax:upside/formula/refs/1Noneupside_2027q1_cash_tax
/operating_model/cells/upside_2027q1_aftertax:upside/idNoneupside_2027q1_aftertax
/operating_model/cells/upside_2027q1_aftertax:upside/kindNonederived
/operating_model/cells/upside_2027q1_aftertax:upside/labelNoneCash earnings after tax allowance
/operating_model/cells/upside_2027q1_aftertax:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_aftertax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_aftertax:upside/valueNone66.4662
/operating_model/cells/upside_2027q1_available_backlog:upside/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/upside_2027q1_available_backlog:upside/caseNoneupside
/operating_model/cells/upside_2027q1_available_backlog:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_available_backlog:upside/formula/refs/0Noneupside_2026q4_ending_backlog
/operating_model/cells/upside_2027q1_available_backlog:upside/formula/refs/1Noneupside_2027q1_new_orders
/operating_model/cells/upside_2027q1_available_backlog:upside/idNoneupside_2027q1_available_backlog
/operating_model/cells/upside_2027q1_available_backlog:upside/kindNonederived
/operating_model/cells/upside_2027q1_available_backlog:upside/labelNoneBacklog plus new net orders
/operating_model/cells/upside_2027q1_available_backlog:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_available_backlog:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_available_backlog:upside/valueNone3023.04
/operating_model/cells/upside_2027q1_backlog_weight:upside/basisNoneFour quarter shares sum to one.
/operating_model/cells/upside_2027q1_backlog_weight:upside/caseNoneupside
/operating_model/cells/upside_2027q1_backlog_weight:upside/idNoneupside_2027q1_backlog_weight
/operating_model/cells/upside_2027q1_backlog_weight:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_backlog_weight:upside/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/upside_2027q1_backlog_weight:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_backlog_weight:upside/unitNoneratio
/operating_model/cells/upside_2027q1_backlog_weight:upside/valueNone0.23
/operating_model/cells/upside_2027q1_bookship:upside/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/upside_2027q1_bookship:upside/caseNoneupside
/operating_model/cells/upside_2027q1_bookship:upside/idNoneupside_2027q1_bookship
/operating_model/cells/upside_2027q1_bookship:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_bookship:upside/labelNoneNew book-and-ship revenue
/operating_model/cells/upside_2027q1_bookship:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_bookship:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_bookship:upside/valueNone45.0
/operating_model/cells/upside_2027q1_capex:upside/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/upside_2027q1_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q1_capex:upside/idNoneupside_2027q1_capex
/operating_model/cells/upside_2027q1_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_capex:upside/labelNoneCash capital expenditures
/operating_model/cells/upside_2027q1_capex:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_capex:upside/valueNone9.0
/operating_model/cells/upside_2027q1_cash_pretax:upside/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/upside_2027q1_cash_pretax:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_pretax:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_cash_pretax:upside/formula/refs/0Noneupside_2027q1_operating_income
/operating_model/cells/upside_2027q1_cash_pretax:upside/formula/refs/1Noneupside_2027q1_interest
/operating_model/cells/upside_2027q1_cash_pretax:upside/idNoneupside_2027q1_cash_pretax
/operating_model/cells/upside_2027q1_cash_pretax:upside/kindNonederived
/operating_model/cells/upside_2027q1_cash_pretax:upside/labelNoneOperating income plus net interest income
/operating_model/cells/upside_2027q1_cash_pretax:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_pretax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_pretax:upside/valueNone88.6216
/operating_model/cells/upside_2027q1_cash_tax:upside/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/upside_2027q1_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_tax:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_cash_tax:upside/formula/refs/0Noneupside_2027q1_cash_pretax
/operating_model/cells/upside_2027q1_cash_tax:upside/formula/refs/1Noneupside_2027q1_tax_rate
/operating_model/cells/upside_2027q1_cash_tax:upside/idNoneupside_2027q1_cash_tax
/operating_model/cells/upside_2027q1_cash_tax:upside/kindNonederived
/operating_model/cells/upside_2027q1_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2027q1_cash_tax:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_tax:upside/valueNone22.1554
/operating_model/cells/upside_2027q1_cfo:upside/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/upside_2027q1_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_cfo:upside/formula/refs/0Noneupside_2027q1_cfo_before_contract_funding
/operating_model/cells/upside_2027q1_cfo:upside/formula/refs/1Noneupside_2027q1_contract_funding
/operating_model/cells/upside_2027q1_cfo:upside/idNoneupside_2027q1_cfo
/operating_model/cells/upside_2027q1_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q1_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2027q1_cfo:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cfo:upside/valueNone90.7306
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/formula/refs/0Noneupside_2027q1_noncash_bridge
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/formula/refs/1Noneupside_2027q1_other_wc
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/idNoneupside_2027q1_cfo_before_contract_funding
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/kindNonederived
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/labelNoneCFO before contract funding
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cfo_before_contract_funding:upside/valueNone50.730599999999995
/operating_model/cells/upside_2027q1_contract_funding:upside/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/upside_2027q1_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_2027q1_contract_funding:upside/idNoneupside_2027q1_contract_funding
/operating_model/cells/upside_2027q1_contract_funding:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_contract_funding:upside/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/upside_2027q1_contract_funding:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_contract_funding:upside/valueNone40.0
/operating_model/cells/upside_2027q1_ending_backlog:upside/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/upside_2027q1_ending_backlog:upside/caseNoneupside
/operating_model/cells/upside_2027q1_ending_backlog:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_ending_backlog:upside/formula/refs/0Noneupside_2027q1_available_backlog
/operating_model/cells/upside_2027q1_ending_backlog:upside/formula/refs/1Noneupside_2027q1_revenue
/operating_model/cells/upside_2027q1_ending_backlog:upside/idNoneupside_2027q1_ending_backlog
/operating_model/cells/upside_2027q1_ending_backlog:upside/kindNonederived
/operating_model/cells/upside_2027q1_ending_backlog:upside/labelNoneEnding backlog
/operating_model/cells/upside_2027q1_ending_backlog:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_ending_backlog:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_ending_backlog:upside/valueNone2655.12
/operating_model/cells/upside_2027q1_fcf:upside/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/upside_2027q1_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q1_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_fcf:upside/formula/refs/0Noneupside_2027q1_cfo
/operating_model/cells/upside_2027q1_fcf:upside/formula/refs/1Noneupside_2027q1_capex
/operating_model/cells/upside_2027q1_fcf:upside/idNoneupside_2027q1_fcf
/operating_model/cells/upside_2027q1_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q1_fcf:upside/labelNoneCFO less capex
/operating_model/cells/upside_2027q1_fcf:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_fcf:upside/valueNone81.7306
/operating_model/cells/upside_2027q1_gm:upside/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/upside_2027q1_gm:upside/caseNoneupside
/operating_model/cells/upside_2027q1_gm:upside/idNoneupside_2027q1_gm
/operating_model/cells/upside_2027q1_gm:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_gm:upside/labelNoneGAAP gross margin
/operating_model/cells/upside_2027q1_gm:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_gm:upside/unitNoneratio
/operating_model/cells/upside_2027q1_gm:upside/valueNone0.32
/operating_model/cells/upside_2027q1_gross_profit:upside/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/upside_2027q1_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2027q1_gross_profit:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_gross_profit:upside/formula/refs/0Noneupside_2027q1_revenue
/operating_model/cells/upside_2027q1_gross_profit:upside/formula/refs/1Noneupside_2027q1_gm
/operating_model/cells/upside_2027q1_gross_profit:upside/idNoneupside_2027q1_gross_profit
/operating_model/cells/upside_2027q1_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2027q1_gross_profit:upside/labelNoneGAAP gross profit
/operating_model/cells/upside_2027q1_gross_profit:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_gross_profit:upside/valueNone117.73440000000001
/operating_model/cells/upside_2027q1_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q1_interest:upside/idNoneupside_2027q1_interest
/operating_model/cells/upside_2027q1_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2027q1_interest:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_interest:upside/valueNone4.0
/operating_model/cells/upside_2027q1_new_orders:upside/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/upside_2027q1_new_orders:upside/caseNoneupside
/operating_model/cells/upside_2027q1_new_orders:upside/idNoneupside_2027q1_new_orders
/operating_model/cells/upside_2027q1_new_orders:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_new_orders:upside/labelNoneNew net orders
/operating_model/cells/upside_2027q1_new_orders:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_new_orders:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_new_orders:upside/valueNone500.0
/operating_model/cells/upside_2027q1_noncash:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_noncash:upside/caseNoneupside
/operating_model/cells/upside_2027q1_noncash:upside/idNoneupside_2027q1_noncash
/operating_model/cells/upside_2027q1_noncash:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_noncash:upside/labelNoneD&A and stock compensation addback
/operating_model/cells/upside_2027q1_noncash:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_noncash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_noncash:upside/valueNone4.5
/operating_model/cells/upside_2027q1_noncash_bridge:upside/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/upside_2027q1_noncash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2027q1_noncash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_noncash_bridge:upside/formula/refs/0Noneupside_2027q1_aftertax
/operating_model/cells/upside_2027q1_noncash_bridge:upside/formula/refs/1Noneupside_2027q1_noncash
/operating_model/cells/upside_2027q1_noncash_bridge:upside/idNoneupside_2027q1_noncash_bridge
/operating_model/cells/upside_2027q1_noncash_bridge:upside/kindNonederived
/operating_model/cells/upside_2027q1_noncash_bridge:upside/labelNoneCash earnings plus noncash charges
/operating_model/cells/upside_2027q1_noncash_bridge:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_noncash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_noncash_bridge:upside/valueNone70.9662
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/formula/refs/0Noneupside_backlog_conversion
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/formula/refs/1Noneupside_2027q1_backlog_weight
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/idNoneupside_2027q1_old_backlog_revenue
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/labelNoneRevenue from June 2026 backlog
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_old_backlog_revenue:upside/valueNone322.92
/operating_model/cells/upside_2027q1_operating_income:upside/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/upside_2027q1_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q1_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_operating_income:upside/formula/refs/0Noneupside_2027q1_gross_profit
/operating_model/cells/upside_2027q1_operating_income:upside/formula/refs/1Noneupside_2027q1_opex
/operating_model/cells/upside_2027q1_operating_income:upside/idNoneupside_2027q1_operating_income
/operating_model/cells/upside_2027q1_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q1_operating_income:upside/labelNoneGAAP operating income
/operating_model/cells/upside_2027q1_operating_income:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_operating_income:upside/valueNone84.6216
/operating_model/cells/upside_2027q1_opex:upside/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/upside_2027q1_opex:upside/caseNoneupside
/operating_model/cells/upside_2027q1_opex:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_opex:upside/formula/refs/0Noneupside_2027q1_revenue
/operating_model/cells/upside_2027q1_opex:upside/formula/refs/1Noneupside_2027q1_opex_ratio
/operating_model/cells/upside_2027q1_opex:upside/idNoneupside_2027q1_opex
/operating_model/cells/upside_2027q1_opex:upside/kindNonederived
/operating_model/cells/upside_2027q1_opex:upside/labelNoneGAAP operating expenses
/operating_model/cells/upside_2027q1_opex:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_opex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_opex:upside/valueNone33.1128
/operating_model/cells/upside_2027q1_opex_ratio:upside/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/upside_2027q1_opex_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q1_opex_ratio:upside/idNoneupside_2027q1_opex_ratio
/operating_model/cells/upside_2027q1_opex_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_opex_ratio:upside/labelNoneGAAP operating expense / revenue
/operating_model/cells/upside_2027q1_opex_ratio:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_opex_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q1_opex_ratio:upside/valueNone0.09
/operating_model/cells/upside_2027q1_other_wc:upside/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/upside_2027q1_other_wc:upside/caseNoneupside
/operating_model/cells/upside_2027q1_other_wc:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_other_wc:upside/formula/refs/0Noneupside_2027q1_revenue
/operating_model/cells/upside_2027q1_other_wc:upside/formula/refs/1Noneupside_2027q1_wc_ratio
/operating_model/cells/upside_2027q1_other_wc:upside/idNoneupside_2027q1_other_wc
/operating_model/cells/upside_2027q1_other_wc:upside/kindNonederived
/operating_model/cells/upside_2027q1_other_wc:upside/labelNoneNon-contract working-capital cash use
/operating_model/cells/upside_2027q1_other_wc:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_other_wc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_other_wc:upside/valueNone20.2356
/operating_model/cells/upside_2027q1_revenue:upside/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/upside_2027q1_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q1_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_revenue:upside/formula/refs/0Noneupside_2027q1_old_backlog_revenue
/operating_model/cells/upside_2027q1_revenue:upside/formula/refs/1Noneupside_2027q1_bookship
/operating_model/cells/upside_2027q1_revenue:upside/idNoneupside_2027q1_revenue
/operating_model/cells/upside_2027q1_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q1_revenue:upside/labelNoneRevenue
/operating_model/cells/upside_2027q1_revenue:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_revenue:upside/valueNone367.92
/operating_model/cells/upside_2027q1_tax_rate:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_tax_rate:upside/caseNoneupside
/operating_model/cells/upside_2027q1_tax_rate:upside/idNoneupside_2027q1_tax_rate
/operating_model/cells/upside_2027q1_tax_rate:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_tax_rate:upside/labelNoneCash tax / pretax income
/operating_model/cells/upside_2027q1_tax_rate:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_tax_rate:upside/unitNoneratio
/operating_model/cells/upside_2027q1_tax_rate:upside/valueNone0.25
/operating_model/cells/upside_2027q1_wc_ratio:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_wc_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q1_wc_ratio:upside/idNoneupside_2027q1_wc_ratio
/operating_model/cells/upside_2027q1_wc_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_wc_ratio:upside/labelNoneOther working-capital cash use / revenue
/operating_model/cells/upside_2027q1_wc_ratio:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_wc_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q1_wc_ratio:upside/valueNone0.055
/operating_model/cells/upside_2027q2_aftertax:upside/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/upside_2027q2_aftertax:upside/caseNoneupside
/operating_model/cells/upside_2027q2_aftertax:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_aftertax:upside/formula/refs/0Noneupside_2027q2_cash_pretax
/operating_model/cells/upside_2027q2_aftertax:upside/formula/refs/1Noneupside_2027q2_cash_tax
/operating_model/cells/upside_2027q2_aftertax:upside/idNoneupside_2027q2_aftertax
/operating_model/cells/upside_2027q2_aftertax:upside/kindNonederived
/operating_model/cells/upside_2027q2_aftertax:upside/labelNoneCash earnings after tax allowance
/operating_model/cells/upside_2027q2_aftertax:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_aftertax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_aftertax:upside/valueNone71.31
/operating_model/cells/upside_2027q2_available_backlog:upside/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/upside_2027q2_available_backlog:upside/caseNoneupside
/operating_model/cells/upside_2027q2_available_backlog:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_available_backlog:upside/formula/refs/0Noneupside_2027q1_ending_backlog
/operating_model/cells/upside_2027q2_available_backlog:upside/formula/refs/1Noneupside_2027q2_new_orders
/operating_model/cells/upside_2027q2_available_backlog:upside/idNoneupside_2027q2_available_backlog
/operating_model/cells/upside_2027q2_available_backlog:upside/kindNonederived
/operating_model/cells/upside_2027q2_available_backlog:upside/labelNoneBacklog plus new net orders
/operating_model/cells/upside_2027q2_available_backlog:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_available_backlog:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_available_backlog:upside/valueNone3205.12
/operating_model/cells/upside_2027q2_backlog_weight:upside/basisNoneFour quarter shares sum to one.
/operating_model/cells/upside_2027q2_backlog_weight:upside/caseNoneupside
/operating_model/cells/upside_2027q2_backlog_weight:upside/idNoneupside_2027q2_backlog_weight
/operating_model/cells/upside_2027q2_backlog_weight:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_backlog_weight:upside/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/upside_2027q2_backlog_weight:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_backlog_weight:upside/unitNoneratio
/operating_model/cells/upside_2027q2_backlog_weight:upside/valueNone0.25
/operating_model/cells/upside_2027q2_bookship:upside/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/upside_2027q2_bookship:upside/caseNoneupside
/operating_model/cells/upside_2027q2_bookship:upside/idNoneupside_2027q2_bookship
/operating_model/cells/upside_2027q2_bookship:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_bookship:upside/labelNoneNew book-and-ship revenue
/operating_model/cells/upside_2027q2_bookship:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_bookship:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_bookship:upside/valueNone45.0
/operating_model/cells/upside_2027q2_capex:upside/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/upside_2027q2_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q2_capex:upside/idNoneupside_2027q2_capex
/operating_model/cells/upside_2027q2_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_capex:upside/labelNoneCash capital expenditures
/operating_model/cells/upside_2027q2_capex:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_capex:upside/valueNone9.0
/operating_model/cells/upside_2027q2_cash_pretax:upside/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/upside_2027q2_cash_pretax:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_pretax:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_cash_pretax:upside/formula/refs/0Noneupside_2027q2_operating_income
/operating_model/cells/upside_2027q2_cash_pretax:upside/formula/refs/1Noneupside_2027q2_interest
/operating_model/cells/upside_2027q2_cash_pretax:upside/idNoneupside_2027q2_cash_pretax
/operating_model/cells/upside_2027q2_cash_pretax:upside/kindNonederived
/operating_model/cells/upside_2027q2_cash_pretax:upside/labelNoneOperating income plus net interest income
/operating_model/cells/upside_2027q2_cash_pretax:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_pretax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_pretax:upside/valueNone95.08
/operating_model/cells/upside_2027q2_cash_tax:upside/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/upside_2027q2_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_tax:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_cash_tax:upside/formula/refs/0Noneupside_2027q2_cash_pretax
/operating_model/cells/upside_2027q2_cash_tax:upside/formula/refs/1Noneupside_2027q2_tax_rate
/operating_model/cells/upside_2027q2_cash_tax:upside/idNoneupside_2027q2_cash_tax
/operating_model/cells/upside_2027q2_cash_tax:upside/kindNonederived
/operating_model/cells/upside_2027q2_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2027q2_cash_tax:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_tax:upside/valueNone23.77
/operating_model/cells/upside_2027q2_cfo:upside/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/upside_2027q2_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_cfo:upside/formula/refs/0Noneupside_2027q2_cfo_before_contract_funding
/operating_model/cells/upside_2027q2_cfo:upside/formula/refs/1Noneupside_2027q2_contract_funding
/operating_model/cells/upside_2027q2_cfo:upside/idNoneupside_2027q2_cfo
/operating_model/cells/upside_2027q2_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q2_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2027q2_cfo:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cfo:upside/valueNone94.03
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/formula/refs/0Noneupside_2027q2_noncash_bridge
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/formula/refs/1Noneupside_2027q2_other_wc
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/idNoneupside_2027q2_cfo_before_contract_funding
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/kindNonederived
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/labelNoneCFO before contract funding
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cfo_before_contract_funding:upside/valueNone54.03
/operating_model/cells/upside_2027q2_contract_funding:upside/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/upside_2027q2_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_2027q2_contract_funding:upside/idNoneupside_2027q2_contract_funding
/operating_model/cells/upside_2027q2_contract_funding:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_contract_funding:upside/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/upside_2027q2_contract_funding:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_contract_funding:upside/valueNone40.0
/operating_model/cells/upside_2027q2_ending_backlog:upside/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/upside_2027q2_ending_backlog:upside/caseNoneupside
/operating_model/cells/upside_2027q2_ending_backlog:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_ending_backlog:upside/formula/refs/0Noneupside_2027q2_available_backlog
/operating_model/cells/upside_2027q2_ending_backlog:upside/formula/refs/1Noneupside_2027q2_revenue
/operating_model/cells/upside_2027q2_ending_backlog:upside/idNoneupside_2027q2_ending_backlog
/operating_model/cells/upside_2027q2_ending_backlog:upside/kindNonederived
/operating_model/cells/upside_2027q2_ending_backlog:upside/labelNoneEnding backlog
/operating_model/cells/upside_2027q2_ending_backlog:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_ending_backlog:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_ending_backlog:upside/valueNone2809.12
/operating_model/cells/upside_2027q2_fcf:upside/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/upside_2027q2_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q2_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_fcf:upside/formula/refs/0Noneupside_2027q2_cfo
/operating_model/cells/upside_2027q2_fcf:upside/formula/refs/1Noneupside_2027q2_capex
/operating_model/cells/upside_2027q2_fcf:upside/idNoneupside_2027q2_fcf
/operating_model/cells/upside_2027q2_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q2_fcf:upside/labelNoneCFO less capex
/operating_model/cells/upside_2027q2_fcf:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_fcf:upside/valueNone85.03
/operating_model/cells/upside_2027q2_gm:upside/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/upside_2027q2_gm:upside/caseNoneupside
/operating_model/cells/upside_2027q2_gm:upside/idNoneupside_2027q2_gm
/operating_model/cells/upside_2027q2_gm:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_gm:upside/labelNoneGAAP gross margin
/operating_model/cells/upside_2027q2_gm:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_gm:upside/unitNoneratio
/operating_model/cells/upside_2027q2_gm:upside/valueNone0.32
/operating_model/cells/upside_2027q2_gross_profit:upside/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/upside_2027q2_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2027q2_gross_profit:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_gross_profit:upside/formula/refs/0Noneupside_2027q2_revenue
/operating_model/cells/upside_2027q2_gross_profit:upside/formula/refs/1Noneupside_2027q2_gm
/operating_model/cells/upside_2027q2_gross_profit:upside/idNoneupside_2027q2_gross_profit
/operating_model/cells/upside_2027q2_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2027q2_gross_profit:upside/labelNoneGAAP gross profit
/operating_model/cells/upside_2027q2_gross_profit:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_gross_profit:upside/valueNone126.72
/operating_model/cells/upside_2027q2_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q2_interest:upside/idNoneupside_2027q2_interest
/operating_model/cells/upside_2027q2_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2027q2_interest:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_interest:upside/valueNone4.0
/operating_model/cells/upside_2027q2_new_orders:upside/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/upside_2027q2_new_orders:upside/caseNoneupside
/operating_model/cells/upside_2027q2_new_orders:upside/idNoneupside_2027q2_new_orders
/operating_model/cells/upside_2027q2_new_orders:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_new_orders:upside/labelNoneNew net orders
/operating_model/cells/upside_2027q2_new_orders:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_new_orders:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_new_orders:upside/valueNone550.0
/operating_model/cells/upside_2027q2_noncash:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_noncash:upside/caseNoneupside
/operating_model/cells/upside_2027q2_noncash:upside/idNoneupside_2027q2_noncash
/operating_model/cells/upside_2027q2_noncash:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_noncash:upside/labelNoneD&A and stock compensation addback
/operating_model/cells/upside_2027q2_noncash:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_noncash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_noncash:upside/valueNone4.5
/operating_model/cells/upside_2027q2_noncash_bridge:upside/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/upside_2027q2_noncash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2027q2_noncash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_noncash_bridge:upside/formula/refs/0Noneupside_2027q2_aftertax
/operating_model/cells/upside_2027q2_noncash_bridge:upside/formula/refs/1Noneupside_2027q2_noncash
/operating_model/cells/upside_2027q2_noncash_bridge:upside/idNoneupside_2027q2_noncash_bridge
/operating_model/cells/upside_2027q2_noncash_bridge:upside/kindNonederived
/operating_model/cells/upside_2027q2_noncash_bridge:upside/labelNoneCash earnings plus noncash charges
/operating_model/cells/upside_2027q2_noncash_bridge:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_noncash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_noncash_bridge:upside/valueNone75.81
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/formula/refs/0Noneupside_backlog_conversion
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/formula/refs/1Noneupside_2027q2_backlog_weight
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/idNoneupside_2027q2_old_backlog_revenue
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/labelNoneRevenue from June 2026 backlog
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_old_backlog_revenue:upside/valueNone351.0
/operating_model/cells/upside_2027q2_operating_income:upside/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/upside_2027q2_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q2_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_operating_income:upside/formula/refs/0Noneupside_2027q2_gross_profit
/operating_model/cells/upside_2027q2_operating_income:upside/formula/refs/1Noneupside_2027q2_opex
/operating_model/cells/upside_2027q2_operating_income:upside/idNoneupside_2027q2_operating_income
/operating_model/cells/upside_2027q2_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q2_operating_income:upside/labelNoneGAAP operating income
/operating_model/cells/upside_2027q2_operating_income:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_operating_income:upside/valueNone91.08
/operating_model/cells/upside_2027q2_opex:upside/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/upside_2027q2_opex:upside/caseNoneupside
/operating_model/cells/upside_2027q2_opex:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_opex:upside/formula/refs/0Noneupside_2027q2_revenue
/operating_model/cells/upside_2027q2_opex:upside/formula/refs/1Noneupside_2027q2_opex_ratio
/operating_model/cells/upside_2027q2_opex:upside/idNoneupside_2027q2_opex
/operating_model/cells/upside_2027q2_opex:upside/kindNonederived
/operating_model/cells/upside_2027q2_opex:upside/labelNoneGAAP operating expenses
/operating_model/cells/upside_2027q2_opex:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_opex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_opex:upside/valueNone35.64
/operating_model/cells/upside_2027q2_opex_ratio:upside/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/upside_2027q2_opex_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q2_opex_ratio:upside/idNoneupside_2027q2_opex_ratio
/operating_model/cells/upside_2027q2_opex_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_opex_ratio:upside/labelNoneGAAP operating expense / revenue
/operating_model/cells/upside_2027q2_opex_ratio:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_opex_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q2_opex_ratio:upside/valueNone0.09
/operating_model/cells/upside_2027q2_other_wc:upside/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/upside_2027q2_other_wc:upside/caseNoneupside
/operating_model/cells/upside_2027q2_other_wc:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_other_wc:upside/formula/refs/0Noneupside_2027q2_revenue
/operating_model/cells/upside_2027q2_other_wc:upside/formula/refs/1Noneupside_2027q2_wc_ratio
/operating_model/cells/upside_2027q2_other_wc:upside/idNoneupside_2027q2_other_wc
/operating_model/cells/upside_2027q2_other_wc:upside/kindNonederived
/operating_model/cells/upside_2027q2_other_wc:upside/labelNoneNon-contract working-capital cash use
/operating_model/cells/upside_2027q2_other_wc:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_other_wc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_other_wc:upside/valueNone21.78
/operating_model/cells/upside_2027q2_revenue:upside/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/upside_2027q2_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q2_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_revenue:upside/formula/refs/0Noneupside_2027q2_old_backlog_revenue
/operating_model/cells/upside_2027q2_revenue:upside/formula/refs/1Noneupside_2027q2_bookship
/operating_model/cells/upside_2027q2_revenue:upside/idNoneupside_2027q2_revenue
/operating_model/cells/upside_2027q2_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q2_revenue:upside/labelNoneRevenue
/operating_model/cells/upside_2027q2_revenue:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_revenue:upside/valueNone396.0
/operating_model/cells/upside_2027q2_tax_rate:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_tax_rate:upside/caseNoneupside
/operating_model/cells/upside_2027q2_tax_rate:upside/idNoneupside_2027q2_tax_rate
/operating_model/cells/upside_2027q2_tax_rate:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_tax_rate:upside/labelNoneCash tax / pretax income
/operating_model/cells/upside_2027q2_tax_rate:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_tax_rate:upside/unitNoneratio
/operating_model/cells/upside_2027q2_tax_rate:upside/valueNone0.25
/operating_model/cells/upside_2027q2_wc_ratio:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_wc_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q2_wc_ratio:upside/idNoneupside_2027q2_wc_ratio
/operating_model/cells/upside_2027q2_wc_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_wc_ratio:upside/labelNoneOther working-capital cash use / revenue
/operating_model/cells/upside_2027q2_wc_ratio:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_wc_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q2_wc_ratio:upside/valueNone0.055
/operating_model/cells/upside_2027q3_aftertax:upside/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/upside_2027q3_aftertax:upside/caseNoneupside
/operating_model/cells/upside_2027q3_aftertax:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_aftertax:upside/formula/refs/0Noneupside_2027q3_cash_pretax
/operating_model/cells/upside_2027q3_aftertax:upside/formula/refs/1Noneupside_2027q3_cash_tax
/operating_model/cells/upside_2027q3_aftertax:upside/idNoneupside_2027q3_aftertax
/operating_model/cells/upside_2027q3_aftertax:upside/kindNonederived
/operating_model/cells/upside_2027q3_aftertax:upside/labelNoneCash earnings after tax allowance
/operating_model/cells/upside_2027q3_aftertax:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_aftertax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_aftertax:upside/valueNone79.43820000000002
/operating_model/cells/upside_2027q3_available_backlog:upside/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/upside_2027q3_available_backlog:upside/caseNoneupside
/operating_model/cells/upside_2027q3_available_backlog:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_available_backlog:upside/formula/refs/0Noneupside_2027q2_ending_backlog
/operating_model/cells/upside_2027q3_available_backlog:upside/formula/refs/1Noneupside_2027q3_new_orders
/operating_model/cells/upside_2027q3_available_backlog:upside/idNoneupside_2027q3_available_backlog
/operating_model/cells/upside_2027q3_available_backlog:upside/kindNonederived
/operating_model/cells/upside_2027q3_available_backlog:upside/labelNoneBacklog plus new net orders
/operating_model/cells/upside_2027q3_available_backlog:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_available_backlog:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_available_backlog:upside/valueNone3359.12
/operating_model/cells/upside_2027q3_backlog_weight:upside/basisNoneFour quarter shares sum to one.
/operating_model/cells/upside_2027q3_backlog_weight:upside/caseNoneupside
/operating_model/cells/upside_2027q3_backlog_weight:upside/idNoneupside_2027q3_backlog_weight
/operating_model/cells/upside_2027q3_backlog_weight:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_backlog_weight:upside/labelNoneShare of twelve-month backlog conversion
/operating_model/cells/upside_2027q3_backlog_weight:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_backlog_weight:upside/unitNoneratio
/operating_model/cells/upside_2027q3_backlog_weight:upside/valueNone0.28
/operating_model/cells/upside_2027q3_bookship:upside/basisNoneAssumed new orders booked and recognized within the quarter; included in new net orders.
/operating_model/cells/upside_2027q3_bookship:upside/caseNoneupside
/operating_model/cells/upside_2027q3_bookship:upside/idNoneupside_2027q3_bookship
/operating_model/cells/upside_2027q3_bookship:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_bookship:upside/labelNoneNew book-and-ship revenue
/operating_model/cells/upside_2027q3_bookship:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_bookship:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_bookship:upside/valueNone50.0
/operating_model/cells/upside_2027q3_capex:upside/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/upside_2027q3_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q3_capex:upside/idNoneupside_2027q3_capex
/operating_model/cells/upside_2027q3_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_capex:upside/labelNoneCash capital expenditures
/operating_model/cells/upside_2027q3_capex:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_capex:upside/valueNone9.0
/operating_model/cells/upside_2027q3_cash_pretax:upside/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/upside_2027q3_cash_pretax:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_pretax:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_cash_pretax:upside/formula/refs/0Noneupside_2027q3_operating_income
/operating_model/cells/upside_2027q3_cash_pretax:upside/formula/refs/1Noneupside_2027q3_interest
/operating_model/cells/upside_2027q3_cash_pretax:upside/idNoneupside_2027q3_cash_pretax
/operating_model/cells/upside_2027q3_cash_pretax:upside/kindNonederived
/operating_model/cells/upside_2027q3_cash_pretax:upside/labelNoneOperating income plus net interest income
/operating_model/cells/upside_2027q3_cash_pretax:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_pretax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_pretax:upside/valueNone105.91760000000002
/operating_model/cells/upside_2027q3_cash_tax:upside/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/upside_2027q3_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_tax:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_cash_tax:upside/formula/refs/0Noneupside_2027q3_cash_pretax
/operating_model/cells/upside_2027q3_cash_tax:upside/formula/refs/1Noneupside_2027q3_tax_rate
/operating_model/cells/upside_2027q3_cash_tax:upside/idNoneupside_2027q3_cash_tax
/operating_model/cells/upside_2027q3_cash_tax:upside/kindNonederived
/operating_model/cells/upside_2027q3_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2027q3_cash_tax:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_tax:upside/valueNone26.479400000000005
/operating_model/cells/upside_2027q3_cfo:upside/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/upside_2027q3_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_cfo:upside/formula/refs/0Noneupside_2027q3_cfo_before_contract_funding
/operating_model/cells/upside_2027q3_cfo:upside/formula/refs/1Noneupside_2027q3_contract_funding
/operating_model/cells/upside_2027q3_cfo:upside/idNoneupside_2027q3_cfo
/operating_model/cells/upside_2027q3_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q3_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2027q3_cfo:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cfo:upside/valueNone99.56660000000002
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/formula/refs/0Noneupside_2027q3_noncash_bridge
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/formula/refs/1Noneupside_2027q3_other_wc
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/idNoneupside_2027q3_cfo_before_contract_funding
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/kindNonederived
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/labelNoneCFO before contract funding
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cfo_before_contract_funding:upside/valueNone59.56660000000002
/operating_model/cells/upside_2027q3_contract_funding:upside/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/upside_2027q3_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_2027q3_contract_funding:upside/idNoneupside_2027q3_contract_funding
/operating_model/cells/upside_2027q3_contract_funding:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_contract_funding:upside/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/upside_2027q3_contract_funding:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_contract_funding:upside/valueNone40.0
/operating_model/cells/upside_2027q3_ending_backlog:upside/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/upside_2027q3_ending_backlog:upside/caseNoneupside
/operating_model/cells/upside_2027q3_ending_backlog:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_ending_backlog:upside/formula/refs/0Noneupside_2027q3_available_backlog
/operating_model/cells/upside_2027q3_ending_backlog:upside/formula/refs/1Noneupside_2027q3_revenue
/operating_model/cells/upside_2027q3_ending_backlog:upside/idNoneupside_2027q3_ending_backlog
/operating_model/cells/upside_2027q3_ending_backlog:upside/kindNonederived
/operating_model/cells/upside_2027q3_ending_backlog:upside/labelNoneEnding backlog
/operating_model/cells/upside_2027q3_ending_backlog:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_ending_backlog:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_ending_backlog:upside/valueNone2916.0
/operating_model/cells/upside_2027q3_fcf:upside/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/upside_2027q3_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q3_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_fcf:upside/formula/refs/0Noneupside_2027q3_cfo
/operating_model/cells/upside_2027q3_fcf:upside/formula/refs/1Noneupside_2027q3_capex
/operating_model/cells/upside_2027q3_fcf:upside/idNoneupside_2027q3_fcf
/operating_model/cells/upside_2027q3_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q3_fcf:upside/labelNoneCFO less capex
/operating_model/cells/upside_2027q3_fcf:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_fcf:upside/valueNone90.56660000000002
/operating_model/cells/upside_2027q3_gm:upside/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/upside_2027q3_gm:upside/caseNoneupside
/operating_model/cells/upside_2027q3_gm:upside/idNoneupside_2027q3_gm
/operating_model/cells/upside_2027q3_gm:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_gm:upside/labelNoneGAAP gross margin
/operating_model/cells/upside_2027q3_gm:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_gm:upside/unitNoneratio
/operating_model/cells/upside_2027q3_gm:upside/valueNone0.32
/operating_model/cells/upside_2027q3_gross_profit:upside/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/upside_2027q3_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2027q3_gross_profit:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_gross_profit:upside/formula/refs/0Noneupside_2027q3_revenue
/operating_model/cells/upside_2027q3_gross_profit:upside/formula/refs/1Noneupside_2027q3_gm
/operating_model/cells/upside_2027q3_gross_profit:upside/idNoneupside_2027q3_gross_profit
/operating_model/cells/upside_2027q3_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2027q3_gross_profit:upside/labelNoneGAAP gross profit
/operating_model/cells/upside_2027q3_gross_profit:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_gross_profit:upside/valueNone141.79840000000002
/operating_model/cells/upside_2027q3_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q3_interest:upside/idNoneupside_2027q3_interest
/operating_model/cells/upside_2027q3_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2027q3_interest:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_interest:upside/valueNone4.0
/operating_model/cells/upside_2027q3_new_orders:upside/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/upside_2027q3_new_orders:upside/caseNoneupside
/operating_model/cells/upside_2027q3_new_orders:upside/idNoneupside_2027q3_new_orders
/operating_model/cells/upside_2027q3_new_orders:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_new_orders:upside/labelNoneNew net orders
/operating_model/cells/upside_2027q3_new_orders:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_new_orders:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_new_orders:upside/valueNone550.0
/operating_model/cells/upside_2027q3_noncash:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_noncash:upside/caseNoneupside
/operating_model/cells/upside_2027q3_noncash:upside/idNoneupside_2027q3_noncash
/operating_model/cells/upside_2027q3_noncash:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_noncash:upside/labelNoneD&A and stock compensation addback
/operating_model/cells/upside_2027q3_noncash:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_noncash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_noncash:upside/valueNone4.5
/operating_model/cells/upside_2027q3_noncash_bridge:upside/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/upside_2027q3_noncash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2027q3_noncash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_noncash_bridge:upside/formula/refs/0Noneupside_2027q3_aftertax
/operating_model/cells/upside_2027q3_noncash_bridge:upside/formula/refs/1Noneupside_2027q3_noncash
/operating_model/cells/upside_2027q3_noncash_bridge:upside/idNoneupside_2027q3_noncash_bridge
/operating_model/cells/upside_2027q3_noncash_bridge:upside/kindNonederived
/operating_model/cells/upside_2027q3_noncash_bridge:upside/labelNoneCash earnings plus noncash charges
/operating_model/cells/upside_2027q3_noncash_bridge:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_noncash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_noncash_bridge:upside/valueNone83.93820000000002
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/basisNoneRecognizes a portion of the June backlog; no double counting of large disclosed awards.
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/formula/refs/0Noneupside_backlog_conversion
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/formula/refs/1Noneupside_2027q3_backlog_weight
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/idNoneupside_2027q3_old_backlog_revenue
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/labelNoneRevenue from June 2026 backlog
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_old_backlog_revenue:upside/valueNone393.12000000000006
/operating_model/cells/upside_2027q3_operating_income:upside/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/upside_2027q3_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q3_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_operating_income:upside/formula/refs/0Noneupside_2027q3_gross_profit
/operating_model/cells/upside_2027q3_operating_income:upside/formula/refs/1Noneupside_2027q3_opex
/operating_model/cells/upside_2027q3_operating_income:upside/idNoneupside_2027q3_operating_income
/operating_model/cells/upside_2027q3_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q3_operating_income:upside/labelNoneGAAP operating income
/operating_model/cells/upside_2027q3_operating_income:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_operating_income:upside/valueNone101.91760000000002
/operating_model/cells/upside_2027q3_opex:upside/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/upside_2027q3_opex:upside/caseNoneupside
/operating_model/cells/upside_2027q3_opex:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_opex:upside/formula/refs/0Noneupside_2027q3_revenue
/operating_model/cells/upside_2027q3_opex:upside/formula/refs/1Noneupside_2027q3_opex_ratio
/operating_model/cells/upside_2027q3_opex:upside/idNoneupside_2027q3_opex
/operating_model/cells/upside_2027q3_opex:upside/kindNonederived
/operating_model/cells/upside_2027q3_opex:upside/labelNoneGAAP operating expenses
/operating_model/cells/upside_2027q3_opex:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_opex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_opex:upside/valueNone39.8808
/operating_model/cells/upside_2027q3_opex_ratio:upside/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/upside_2027q3_opex_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q3_opex_ratio:upside/idNoneupside_2027q3_opex_ratio
/operating_model/cells/upside_2027q3_opex_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_opex_ratio:upside/labelNoneGAAP operating expense / revenue
/operating_model/cells/upside_2027q3_opex_ratio:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_opex_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q3_opex_ratio:upside/valueNone0.09
/operating_model/cells/upside_2027q3_other_wc:upside/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/upside_2027q3_other_wc:upside/caseNoneupside
/operating_model/cells/upside_2027q3_other_wc:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_other_wc:upside/formula/refs/0Noneupside_2027q3_revenue
/operating_model/cells/upside_2027q3_other_wc:upside/formula/refs/1Noneupside_2027q3_wc_ratio
/operating_model/cells/upside_2027q3_other_wc:upside/idNoneupside_2027q3_other_wc
/operating_model/cells/upside_2027q3_other_wc:upside/kindNonederived
/operating_model/cells/upside_2027q3_other_wc:upside/labelNoneNon-contract working-capital cash use
/operating_model/cells/upside_2027q3_other_wc:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_other_wc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_other_wc:upside/valueNone24.371600000000004
/operating_model/cells/upside_2027q3_revenue:upside/basisNoneExisting June backlog conversion plus separately assumed new work.
/operating_model/cells/upside_2027q3_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q3_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_revenue:upside/formula/refs/0Noneupside_2027q3_old_backlog_revenue
/operating_model/cells/upside_2027q3_revenue:upside/formula/refs/1Noneupside_2027q3_bookship
/operating_model/cells/upside_2027q3_revenue:upside/idNoneupside_2027q3_revenue
/operating_model/cells/upside_2027q3_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q3_revenue:upside/labelNoneRevenue
/operating_model/cells/upside_2027q3_revenue:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_revenue:upside/valueNone443.12000000000006
/operating_model/cells/upside_2027q3_tax_rate:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_tax_rate:upside/caseNoneupside
/operating_model/cells/upside_2027q3_tax_rate:upside/idNoneupside_2027q3_tax_rate
/operating_model/cells/upside_2027q3_tax_rate:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_tax_rate:upside/labelNoneCash tax / pretax income
/operating_model/cells/upside_2027q3_tax_rate:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_tax_rate:upside/unitNoneratio
/operating_model/cells/upside_2027q3_tax_rate:upside/valueNone0.25
/operating_model/cells/upside_2027q3_wc_ratio:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_wc_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q3_wc_ratio:upside/idNoneupside_2027q3_wc_ratio
/operating_model/cells/upside_2027q3_wc_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_wc_ratio:upside/labelNoneOther working-capital cash use / revenue
/operating_model/cells/upside_2027q3_wc_ratio:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_wc_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q3_wc_ratio:upside/valueNone0.055
/operating_model/cells/upside_2027q4_aftertax:upside/basisNoneOperating income and interest less assumed cash taxes.
/operating_model/cells/upside_2027q4_aftertax:upside/caseNoneupside
/operating_model/cells/upside_2027q4_aftertax:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_aftertax:upside/formula/refs/0Noneupside_2027q4_cash_pretax
/operating_model/cells/upside_2027q4_aftertax:upside/formula/refs/1Noneupside_2027q4_cash_tax
/operating_model/cells/upside_2027q4_aftertax:upside/idNoneupside_2027q4_aftertax
/operating_model/cells/upside_2027q4_aftertax:upside/kindNonederived
/operating_model/cells/upside_2027q4_aftertax:upside/labelNoneCash earnings after tax allowance
/operating_model/cells/upside_2027q4_aftertax:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_aftertax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_aftertax:upside/valueNone93.54180000000001
/operating_model/cells/upside_2027q4_available_backlog:upside/basisNoneNew net orders include book-and-ship; historical large awards are already in starting backlog.
/operating_model/cells/upside_2027q4_available_backlog:upside/caseNoneupside
/operating_model/cells/upside_2027q4_available_backlog:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_available_backlog:upside/formula/refs/0Noneupside_2027q3_ending_backlog
/operating_model/cells/upside_2027q4_available_backlog:upside/formula/refs/1Noneupside_2027q4_new_orders
/operating_model/cells/upside_2027q4_available_backlog:upside/idNoneupside_2027q4_available_backlog
/operating_model/cells/upside_2027q4_available_backlog:upside/kindNonederived
/operating_model/cells/upside_2027q4_available_backlog:upside/labelNoneBacklog plus new net orders
/operating_model/cells/upside_2027q4_available_backlog:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_available_backlog:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_available_backlog:upside/valueNone3466.0
/operating_model/cells/upside_2027q4_backlog_fraction:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_backlog_fraction:upside/caseNoneupside
/operating_model/cells/upside_2027q4_backlog_fraction:upside/idNoneupside_2027q4_backlog_fraction
/operating_model/cells/upside_2027q4_backlog_fraction:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_backlog_fraction:upside/labelNoneOpening backlog converted in quarter
/operating_model/cells/upside_2027q4_backlog_fraction:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_backlog_fraction:upside/unitNoneratio
/operating_model/cells/upside_2027q4_backlog_fraction:upside/valueNone0.18
/operating_model/cells/upside_2027q4_capex:upside/basisNoneDesk factory capacity and maintenance spending. No unapproved greenfield project assumed.
/operating_model/cells/upside_2027q4_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q4_capex:upside/idNoneupside_2027q4_capex
/operating_model/cells/upside_2027q4_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_capex:upside/labelNoneCash capital expenditures
/operating_model/cells/upside_2027q4_capex:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_capex:upside/valueNone9.0
/operating_model/cells/upside_2027q4_cash_pretax:upside/basisNoneCash interest approximation; not a debt or investment balance schedule.
/operating_model/cells/upside_2027q4_cash_pretax:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_pretax:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_cash_pretax:upside/formula/refs/0Noneupside_2027q4_operating_income
/operating_model/cells/upside_2027q4_cash_pretax:upside/formula/refs/1Noneupside_2027q4_interest
/operating_model/cells/upside_2027q4_cash_pretax:upside/idNoneupside_2027q4_cash_pretax
/operating_model/cells/upside_2027q4_cash_pretax:upside/kindNonederived
/operating_model/cells/upside_2027q4_cash_pretax:upside/labelNoneOperating income plus net interest income
/operating_model/cells/upside_2027q4_cash_pretax:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_pretax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_pretax:upside/valueNone124.72240000000001
/operating_model/cells/upside_2027q4_cash_tax:upside/basisNoneAssumed cash tax rate, with no deferred-tax schedule.
/operating_model/cells/upside_2027q4_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_tax:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_cash_tax:upside/formula/refs/0Noneupside_2027q4_cash_pretax
/operating_model/cells/upside_2027q4_cash_tax:upside/formula/refs/1Noneupside_2027q4_tax_rate
/operating_model/cells/upside_2027q4_cash_tax:upside/idNoneupside_2027q4_cash_tax
/operating_model/cells/upside_2027q4_cash_tax:upside/kindNonederived
/operating_model/cells/upside_2027q4_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2027q4_cash_tax:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_tax:upside/valueNone31.180600000000002
/operating_model/cells/upside_2027q4_cfo:upside/basisNoneCash before contract funding plus the net contract funding contribution.
/operating_model/cells/upside_2027q4_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_cfo:upside/formula/refs/0Noneupside_2027q4_cfo_before_contract_funding
/operating_model/cells/upside_2027q4_cfo:upside/formula/refs/1Noneupside_2027q4_contract_funding
/operating_model/cells/upside_2027q4_cfo:upside/idNoneupside_2027q4_cfo
/operating_model/cells/upside_2027q4_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q4_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2027q4_cfo:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cfo:upside/valueNone109.17340000000002
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/basisNoneAnalytical cash bridge before the separate contract funding movement.
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/formula/refs/0Noneupside_2027q4_noncash_bridge
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/formula/refs/1Noneupside_2027q4_other_wc
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/idNoneupside_2027q4_cfo_before_contract_funding
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/kindNonederived
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/labelNoneCFO before contract funding
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cfo_before_contract_funding:upside/valueNone69.17340000000002
/operating_model/cells/upside_2027q4_contract_funding:upside/basisNoneNew advances and billings less project delivery/contract asset growth; cash timing only, not incremental revenue.
/operating_model/cells/upside_2027q4_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_2027q4_contract_funding:upside/idNoneupside_2027q4_contract_funding
/operating_model/cells/upside_2027q4_contract_funding:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_contract_funding:upside/labelNoneNet contract assets/liabilities cash contribution
/operating_model/cells/upside_2027q4_contract_funding:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_contract_funding:upside/valueNone40.0
/operating_model/cells/upside_2027q4_ending_backlog:upside/basisNoneBeginning backlog plus net orders minus all recognized revenue, once.
/operating_model/cells/upside_2027q4_ending_backlog:upside/caseNoneupside
/operating_model/cells/upside_2027q4_ending_backlog:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_ending_backlog:upside/formula/refs/0Noneupside_2027q4_available_backlog
/operating_model/cells/upside_2027q4_ending_backlog:upside/formula/refs/1Noneupside_2027q4_revenue
/operating_model/cells/upside_2027q4_ending_backlog:upside/idNoneupside_2027q4_ending_backlog
/operating_model/cells/upside_2027q4_ending_backlog:upside/kindNonederived
/operating_model/cells/upside_2027q4_ending_backlog:upside/labelNoneEnding backlog
/operating_model/cells/upside_2027q4_ending_backlog:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_ending_backlog:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_ending_backlog:upside/valueNone2941.12
/operating_model/cells/upside_2027q4_fcf:upside/basisNoneIncludes contract funding; excludes distributions and acquisitions.
/operating_model/cells/upside_2027q4_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q4_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_fcf:upside/formula/refs/0Noneupside_2027q4_cfo
/operating_model/cells/upside_2027q4_fcf:upside/formula/refs/1Noneupside_2027q4_capex
/operating_model/cells/upside_2027q4_fcf:upside/idNoneupside_2027q4_fcf
/operating_model/cells/upside_2027q4_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q4_fcf:upside/labelNoneCFO less capex
/operating_model/cells/upside_2027q4_fcf:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_fcf:upside/valueNone100.17340000000002
/operating_model/cells/upside_2027q4_gm:upside/basisNoneDesk project mix, execution and factory utilization sensitivity.
/operating_model/cells/upside_2027q4_gm:upside/caseNoneupside
/operating_model/cells/upside_2027q4_gm:upside/idNoneupside_2027q4_gm
/operating_model/cells/upside_2027q4_gm:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_gm:upside/labelNoneGAAP gross margin
/operating_model/cells/upside_2027q4_gm:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_gm:upside/unitNoneratio
/operating_model/cells/upside_2027q4_gm:upside/valueNone0.32
/operating_model/cells/upside_2027q4_gross_profit:upside/basisNoneRevenue times assumed project gross margin.
/operating_model/cells/upside_2027q4_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2027q4_gross_profit:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_gross_profit:upside/formula/refs/0Noneupside_2027q4_revenue
/operating_model/cells/upside_2027q4_gross_profit:upside/formula/refs/1Noneupside_2027q4_gm
/operating_model/cells/upside_2027q4_gross_profit:upside/idNoneupside_2027q4_gross_profit
/operating_model/cells/upside_2027q4_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2027q4_gross_profit:upside/labelNoneGAAP gross profit
/operating_model/cells/upside_2027q4_gross_profit:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_gross_profit:upside/valueNone167.9616
/operating_model/cells/upside_2027q4_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q4_interest:upside/idNoneupside_2027q4_interest
/operating_model/cells/upside_2027q4_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2027q4_interest:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_interest:upside/valueNone4.0
/operating_model/cells/upside_2027q4_new_orders:upside/basisNoneIncludes all book-and-ship work in the revenue scenario; not extrapolated from the record Q3 order quarter.
/operating_model/cells/upside_2027q4_new_orders:upside/caseNoneupside
/operating_model/cells/upside_2027q4_new_orders:upside/idNoneupside_2027q4_new_orders
/operating_model/cells/upside_2027q4_new_orders:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_new_orders:upside/labelNoneNew net orders
/operating_model/cells/upside_2027q4_new_orders:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_new_orders:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_new_orders:upside/valueNone550.0
/operating_model/cells/upside_2027q4_noncash:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_noncash:upside/caseNoneupside
/operating_model/cells/upside_2027q4_noncash:upside/idNoneupside_2027q4_noncash
/operating_model/cells/upside_2027q4_noncash:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_noncash:upside/labelNoneD&A and stock compensation addback
/operating_model/cells/upside_2027q4_noncash:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_noncash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_noncash:upside/valueNone4.5
/operating_model/cells/upside_2027q4_noncash_bridge:upside/basisNoneNoncash addback is not an ownership benefit; capital needs remain in capex.
/operating_model/cells/upside_2027q4_noncash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2027q4_noncash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_noncash_bridge:upside/formula/refs/0Noneupside_2027q4_aftertax
/operating_model/cells/upside_2027q4_noncash_bridge:upside/formula/refs/1Noneupside_2027q4_noncash
/operating_model/cells/upside_2027q4_noncash_bridge:upside/idNoneupside_2027q4_noncash_bridge
/operating_model/cells/upside_2027q4_noncash_bridge:upside/kindNonederived
/operating_model/cells/upside_2027q4_noncash_bridge:upside/labelNoneCash earnings plus noncash charges
/operating_model/cells/upside_2027q4_noncash_bridge:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_noncash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_noncash_bridge:upside/valueNone98.04180000000001
/operating_model/cells/upside_2027q4_operating_income:upside/basisNoneGross profit less GAAP operating expenses.
/operating_model/cells/upside_2027q4_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q4_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_operating_income:upside/formula/refs/0Noneupside_2027q4_gross_profit
/operating_model/cells/upside_2027q4_operating_income:upside/formula/refs/1Noneupside_2027q4_opex
/operating_model/cells/upside_2027q4_operating_income:upside/idNoneupside_2027q4_operating_income
/operating_model/cells/upside_2027q4_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q4_operating_income:upside/labelNoneGAAP operating income
/operating_model/cells/upside_2027q4_operating_income:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_operating_income:upside/valueNone120.72240000000001
/operating_model/cells/upside_2027q4_opex:upside/basisNoneExpense ratio includes the ramp in capacity and engineering support.
/operating_model/cells/upside_2027q4_opex:upside/caseNoneupside
/operating_model/cells/upside_2027q4_opex:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_opex:upside/formula/refs/0Noneupside_2027q4_revenue
/operating_model/cells/upside_2027q4_opex:upside/formula/refs/1Noneupside_2027q4_opex_ratio
/operating_model/cells/upside_2027q4_opex:upside/idNoneupside_2027q4_opex
/operating_model/cells/upside_2027q4_opex:upside/kindNonederived
/operating_model/cells/upside_2027q4_opex:upside/labelNoneGAAP operating expenses
/operating_model/cells/upside_2027q4_opex:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_opex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_opex:upside/valueNone47.2392
/operating_model/cells/upside_2027q4_opex_ratio:upside/basisNoneIncludes selling, administrative and R&D costs; no stock-compensation exclusion.
/operating_model/cells/upside_2027q4_opex_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q4_opex_ratio:upside/idNoneupside_2027q4_opex_ratio
/operating_model/cells/upside_2027q4_opex_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_opex_ratio:upside/labelNoneGAAP operating expense / revenue
/operating_model/cells/upside_2027q4_opex_ratio:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_opex_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q4_opex_ratio:upside/valueNone0.09
/operating_model/cells/upside_2027q4_other_wc:upside/basisNoneReceivables, inventory, payables and other operating balances, excluding contract assets/liabilities.
/operating_model/cells/upside_2027q4_other_wc:upside/caseNoneupside
/operating_model/cells/upside_2027q4_other_wc:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_other_wc:upside/formula/refs/0Noneupside_2027q4_revenue
/operating_model/cells/upside_2027q4_other_wc:upside/formula/refs/1Noneupside_2027q4_wc_ratio
/operating_model/cells/upside_2027q4_other_wc:upside/idNoneupside_2027q4_other_wc
/operating_model/cells/upside_2027q4_other_wc:upside/kindNonederived
/operating_model/cells/upside_2027q4_other_wc:upside/labelNoneNon-contract working-capital cash use
/operating_model/cells/upside_2027q4_other_wc:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_other_wc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_other_wc:upside/valueNone28.8684
/operating_model/cells/upside_2027q4_revenue:upside/basisNoneFifth quarter recognizes a share of the rolled-forward backlog; no additional book-and-ship term.
/operating_model/cells/upside_2027q4_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q4_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_revenue:upside/formula/refs/0Noneupside_2027q3_ending_backlog
/operating_model/cells/upside_2027q4_revenue:upside/formula/refs/1Noneupside_2027q4_backlog_fraction
/operating_model/cells/upside_2027q4_revenue:upside/idNoneupside_2027q4_revenue
/operating_model/cells/upside_2027q4_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q4_revenue:upside/labelNoneRevenue from remaining opening backlog
/operating_model/cells/upside_2027q4_revenue:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_revenue:upside/valueNone524.88
/operating_model/cells/upside_2027q4_tax_rate:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_tax_rate:upside/caseNoneupside
/operating_model/cells/upside_2027q4_tax_rate:upside/idNoneupside_2027q4_tax_rate
/operating_model/cells/upside_2027q4_tax_rate:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_tax_rate:upside/labelNoneCash tax / pretax income
/operating_model/cells/upside_2027q4_tax_rate:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_tax_rate:upside/unitNoneratio
/operating_model/cells/upside_2027q4_tax_rate:upside/valueNone0.25
/operating_model/cells/upside_2027q4_wc_ratio:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_wc_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q4_wc_ratio:upside/idNoneupside_2027q4_wc_ratio
/operating_model/cells/upside_2027q4_wc_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_wc_ratio:upside/labelNoneOther working-capital cash use / revenue
/operating_model/cells/upside_2027q4_wc_ratio:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_wc_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q4_wc_ratio:upside/valueNone0.055
/operating_model/cells/upside_backlog_conversion:upside/basisNoneApplies desk timing to the company disclosed subset of backlog.
/operating_model/cells/upside_backlog_conversion:upside/caseNoneupside
/operating_model/cells/upside_backlog_conversion:upside/formula/opNonemultiply
/operating_model/cells/upside_backlog_conversion:upside/formula/refs/0Nonebacklog_next12
/operating_model/cells/upside_backlog_conversion:upside/formula/refs/1Noneupside_delivery
/operating_model/cells/upside_backlog_conversion:upside/idNoneupside_backlog_conversion
/operating_model/cells/upside_backlog_conversion:upside/kindNonederived
/operating_model/cells/upside_backlog_conversion:upside/labelNoneExisting June backlog converted in next year
/operating_model/cells/upside_backlog_conversion:upside/periodNoneNext 12 months
/operating_model/cells/upside_backlog_conversion:upside/unitNoneUSD_millions
/operating_model/cells/upside_backlog_conversion:upside/valueNone1404.0
/operating_model/cells/upside_delivery:upside/basisNoneDesk timing sensitivity; upside accelerates some later backlog, downside shifts it beyond June 2027.
/operating_model/cells/upside_delivery:upside/caseNoneupside
/operating_model/cells/upside_delivery:upside/idNoneupside_delivery
/operating_model/cells/upside_delivery:upside/kindNoneassumption
/operating_model/cells/upside_delivery:upside/labelNoneBacklog conversion versus twelve-month expectation
/operating_model/cells/upside_delivery:upside/periodNoneNext 12 months
/operating_model/cells/upside_delivery:upside/unitNoneratio
/operating_model/cells/upside_delivery:upside/valueNone1.08
/operating_model/cells/upside_fy2026_capex:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_capex:upside/caseNoneupside
/operating_model/cells/upside_fy2026_capex:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/0Noneytd_capex
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/1Noneupside_2026q4_capex
/operating_model/cells/upside_fy2026_capex:upside/idNoneupside_fy2026_capex
/operating_model/cells/upside_fy2026_capex:upside/kindNonederived
/operating_model/cells/upside_fy2026_capex:upside/labelNoneCash capex ($M)
/operating_model/cells/upside_fy2026_capex:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_capex:upside/valueNone19.386
/operating_model/cells/upside_fy2026_cfo:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_cfo:upside/caseNoneupside
/operating_model/cells/upside_fy2026_cfo:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/0Noneytd_cfo
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/1Noneupside_2026q4_cfo
/operating_model/cells/upside_fy2026_cfo:upside/idNoneupside_fy2026_cfo
/operating_model/cells/upside_fy2026_cfo:upside/kindNonederived
/operating_model/cells/upside_fy2026_cfo:upside/labelNoneOperating cash flow ($M)
/operating_model/cells/upside_fy2026_cfo:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_cfo:upside/valueNone286.8308
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/formula/refs/0Noneytd_cfo_before_contract_funding
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/formula/refs/1Noneupside_2026q4_cfo_before_contract_funding
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/idNoneupside_fy2026_cfo_before_contract_funding
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/kindNonederived
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/labelNoneCFO before contract funding ($M)
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_cfo_before_contract_funding:upside/valueNone58.06780000000002
/operating_model/cells/upside_fy2026_contract_funding:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_fy2026_contract_funding:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_contract_funding:upside/formula/refs/0Noneytd_contract_funding
/operating_model/cells/upside_fy2026_contract_funding:upside/formula/refs/1Noneupside_2026q4_contract_funding
/operating_model/cells/upside_fy2026_contract_funding:upside/idNoneupside_fy2026_contract_funding
/operating_model/cells/upside_fy2026_contract_funding:upside/kindNonederived
/operating_model/cells/upside_fy2026_contract_funding:upside/labelNoneNet contract funding ($M)
/operating_model/cells/upside_fy2026_contract_funding:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_contract_funding:upside/valueNone228.763
/operating_model/cells/upside_fy2026_fcf:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_fcf:upside/caseNoneupside
/operating_model/cells/upside_fy2026_fcf:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_fcf:upside/formula/refs/0Noneytd_fcf
/operating_model/cells/upside_fy2026_fcf:upside/formula/refs/1Noneupside_2026q4_fcf
/operating_model/cells/upside_fy2026_fcf:upside/idNoneupside_fy2026_fcf
/operating_model/cells/upside_fy2026_fcf:upside/kindNonederived
/operating_model/cells/upside_fy2026_fcf:upside/labelNoneCFO less capex ($M)
/operating_model/cells/upside_fy2026_fcf:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_fcf:upside/valueNone267.44480000000004
/operating_model/cells/upside_fy2026_gross_profit:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_fy2026_gross_profit:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_gross_profit:upside/formula/refs/0Noneytd_gross_profit
/operating_model/cells/upside_fy2026_gross_profit:upside/formula/refs/1Noneupside_2026q4_gross_profit
/operating_model/cells/upside_fy2026_gross_profit:upside/idNoneupside_fy2026_gross_profit
/operating_model/cells/upside_fy2026_gross_profit:upside/kindNonederived
/operating_model/cells/upside_fy2026_gross_profit:upside/labelNoneGAAP gross profit ($M)
/operating_model/cells/upside_fy2026_gross_profit:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_gross_profit:upside/valueNone375.2802
/operating_model/cells/upside_fy2026_operating_income:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_operating_income:upside/caseNoneupside
/operating_model/cells/upside_fy2026_operating_income:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/0Noneytd_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/1Noneupside_2026q4_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/idNoneupside_fy2026_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/kindNonederived
/operating_model/cells/upside_fy2026_operating_income:upside/labelNoneGAAP operating income ($M)
/operating_model/cells/upside_fy2026_operating_income:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_operating_income:upside/valueNone251.1288
/operating_model/cells/upside_fy2026_revenue:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_revenue:upside/caseNoneupside
/operating_model/cells/upside_fy2026_revenue:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/0Noneytd_revenue
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/1Noneupside_2026q4_revenue
/operating_model/cells/upside_fy2026_revenue:upside/idNoneupside_fy2026_revenue
/operating_model/cells/upside_fy2026_revenue:upside/kindNonederived
/operating_model/cells/upside_fy2026_revenue:upside/labelNoneRevenue ($M)
/operating_model/cells/upside_fy2026_revenue:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_revenue:upside/valueNone1236.499
/operating_model/cells/upside_fy2027_capex:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_capex:upside/caseNoneupside
/operating_model/cells/upside_fy2027_capex:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/0Noneupside_2027q1_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/1Noneupside_2027q2_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/2Noneupside_2027q3_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/3Noneupside_2027q4_capex
/operating_model/cells/upside_fy2027_capex:upside/idNoneupside_fy2027_capex
/operating_model/cells/upside_fy2027_capex:upside/kindNonederived
/operating_model/cells/upside_fy2027_capex:upside/labelNoneCash capex ($M)
/operating_model/cells/upside_fy2027_capex:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_capex:upside/valueNone36.0
/operating_model/cells/upside_fy2027_cfo:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_cfo:upside/caseNoneupside
/operating_model/cells/upside_fy2027_cfo:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/0Noneupside_2027q1_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/1Noneupside_2027q2_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/2Noneupside_2027q3_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/3Noneupside_2027q4_cfo
/operating_model/cells/upside_fy2027_cfo:upside/idNoneupside_fy2027_cfo
/operating_model/cells/upside_fy2027_cfo:upside/kindNonederived
/operating_model/cells/upside_fy2027_cfo:upside/labelNoneOperating cash flow ($M)
/operating_model/cells/upside_fy2027_cfo:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_cfo:upside/valueNone393.5006000000001
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/formula/refs/0Noneupside_2027q1_cfo_before_contract_funding
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/formula/refs/1Noneupside_2027q2_cfo_before_contract_funding
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/formula/refs/2Noneupside_2027q3_cfo_before_contract_funding
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/formula/refs/3Noneupside_2027q4_cfo_before_contract_funding
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/idNoneupside_fy2027_cfo_before_contract_funding
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/kindNonederived
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/labelNoneCFO before contract funding ($M)
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_cfo_before_contract_funding:upside/valueNone233.50060000000002
/operating_model/cells/upside_fy2027_contract_funding:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_contract_funding:upside/caseNoneupside
/operating_model/cells/upside_fy2027_contract_funding:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_contract_funding:upside/formula/refs/0Noneupside_2027q1_contract_funding
/operating_model/cells/upside_fy2027_contract_funding:upside/formula/refs/1Noneupside_2027q2_contract_funding
/operating_model/cells/upside_fy2027_contract_funding:upside/formula/refs/2Noneupside_2027q3_contract_funding
/operating_model/cells/upside_fy2027_contract_funding:upside/formula/refs/3Noneupside_2027q4_contract_funding
/operating_model/cells/upside_fy2027_contract_funding:upside/idNoneupside_fy2027_contract_funding
/operating_model/cells/upside_fy2027_contract_funding:upside/kindNonederived
/operating_model/cells/upside_fy2027_contract_funding:upside/labelNoneNet contract funding ($M)
/operating_model/cells/upside_fy2027_contract_funding:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_contract_funding:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_contract_funding:upside/valueNone160.0
/operating_model/cells/upside_fy2027_fcf:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_fcf:upside/caseNoneupside
/operating_model/cells/upside_fy2027_fcf:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/0Noneupside_2027q1_fcf
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/1Noneupside_2027q2_fcf
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/2Noneupside_2027q3_fcf
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/3Noneupside_2027q4_fcf
/operating_model/cells/upside_fy2027_fcf:upside/idNoneupside_fy2027_fcf
/operating_model/cells/upside_fy2027_fcf:upside/kindNonederived
/operating_model/cells/upside_fy2027_fcf:upside/labelNoneCFO less capex ($M)
/operating_model/cells/upside_fy2027_fcf:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_fcf:upside/valueNone357.5006000000001
/operating_model/cells/upside_fy2027_gross_profit:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_fy2027_gross_profit:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/0Noneupside_2027q1_gross_profit
/operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/1Noneupside_2027q2_gross_profit
/operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/2Noneupside_2027q3_gross_profit
/operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/3Noneupside_2027q4_gross_profit
/operating_model/cells/upside_fy2027_gross_profit:upside/idNoneupside_fy2027_gross_profit
/operating_model/cells/upside_fy2027_gross_profit:upside/kindNonederived
/operating_model/cells/upside_fy2027_gross_profit:upside/labelNoneGAAP gross profit ($M)
/operating_model/cells/upside_fy2027_gross_profit:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_gross_profit:upside/valueNone554.2144000000001
/operating_model/cells/upside_fy2027_operating_income:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_operating_income:upside/caseNoneupside
/operating_model/cells/upside_fy2027_operating_income:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/0Noneupside_2027q1_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/1Noneupside_2027q2_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/2Noneupside_2027q3_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/3Noneupside_2027q4_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/idNoneupside_fy2027_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/kindNonederived
/operating_model/cells/upside_fy2027_operating_income:upside/labelNoneGAAP operating income ($M)
/operating_model/cells/upside_fy2027_operating_income:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_operating_income:upside/valueNone398.34159999999997
/operating_model/cells/upside_fy2027_revenue:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_revenue:upside/caseNoneupside
/operating_model/cells/upside_fy2027_revenue:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/0Noneupside_2027q1_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/1Noneupside_2027q2_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/2Noneupside_2027q3_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/3Noneupside_2027q4_revenue
/operating_model/cells/upside_fy2027_revenue:upside/idNoneupside_fy2027_revenue
/operating_model/cells/upside_fy2027_revenue:upside/kindNonederived
/operating_model/cells/upside_fy2027_revenue:upside/labelNoneRevenue ($M)
/operating_model/cells/upside_fy2027_revenue:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_revenue:upside/valueNone1731.92
/operating_model/cells/ytd_capex:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/ytd_capex:shared/caseNoneshared
/operating_model/cells/ytd_capex:shared/idNoneytd_capex
/operating_model/cells/ytd_capex:shared/kindNonereported
/operating_model/cells/ytd_capex:shared/labelNoneNine-month PP&E purchases
/operating_model/cells/ytd_capex:shared/periodNone9M FY2026
/operating_model/cells/ytd_capex:shared/source_dateNone2026-08-04
/operating_model/cells/ytd_capex:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/ytd_capex:shared/unitNoneUSD_millions
/operating_model/cells/ytd_capex:shared/valueNone10.386
/operating_model/cells/ytd_cfo:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/ytd_cfo:shared/caseNoneshared
/operating_model/cells/ytd_cfo:shared/idNoneytd_cfo
/operating_model/cells/ytd_cfo:shared/kindNonereported
/operating_model/cells/ytd_cfo:shared/labelNoneNine-month operating cash flow
/operating_model/cells/ytd_cfo:shared/periodNone9M FY2026
/operating_model/cells/ytd_cfo:shared/source_dateNone2026-08-04
/operating_model/cells/ytd_cfo:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/ytd_cfo:shared/unitNoneUSD_millions
/operating_model/cells/ytd_cfo:shared/valueNone195.038
/operating_model/cells/ytd_cfo_before_contract_funding:shared/basisNoneRemoves net contract asset and liability cash funding, not every working-capital movement.
/operating_model/cells/ytd_cfo_before_contract_funding:shared/caseNoneshared
/operating_model/cells/ytd_cfo_before_contract_funding:shared/formula/opNonesubtract
/operating_model/cells/ytd_cfo_before_contract_funding:shared/formula/refs/0Noneytd_cfo
/operating_model/cells/ytd_cfo_before_contract_funding:shared/formula/refs/1Noneytd_contract_funding
/operating_model/cells/ytd_cfo_before_contract_funding:shared/idNoneytd_cfo_before_contract_funding
/operating_model/cells/ytd_cfo_before_contract_funding:shared/kindNonederived
/operating_model/cells/ytd_cfo_before_contract_funding:shared/labelNoneNine-month CFO before contract funding
/operating_model/cells/ytd_cfo_before_contract_funding:shared/periodNone9M FY2026
/operating_model/cells/ytd_cfo_before_contract_funding:shared/unitNoneUSD_millions
/operating_model/cells/ytd_cfo_before_contract_funding:shared/valueNone6.275000000000006
/operating_model/cells/ytd_contract_funding:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/ytd_contract_funding:shared/caseNoneshared
/operating_model/cells/ytd_contract_funding:shared/idNoneytd_contract_funding
/operating_model/cells/ytd_contract_funding:shared/kindNonereported
/operating_model/cells/ytd_contract_funding:shared/labelNoneNine-month net contract assets/liabilities cash flow
/operating_model/cells/ytd_contract_funding:shared/periodNone9M FY2026
/operating_model/cells/ytd_contract_funding:shared/source_dateNone2026-08-04
/operating_model/cells/ytd_contract_funding:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/ytd_contract_funding:shared/unitNoneUSD_millions
/operating_model/cells/ytd_contract_funding:shared/valueNone188.763
/operating_model/cells/ytd_fcf:shared/basisNoneReported CFO less PP&E purchases.
/operating_model/cells/ytd_fcf:shared/caseNoneshared
/operating_model/cells/ytd_fcf:shared/formula/opNonesubtract
/operating_model/cells/ytd_fcf:shared/formula/refs/0Noneytd_cfo
/operating_model/cells/ytd_fcf:shared/formula/refs/1Noneytd_capex
/operating_model/cells/ytd_fcf:shared/idNoneytd_fcf
/operating_model/cells/ytd_fcf:shared/kindNonederived
/operating_model/cells/ytd_fcf:shared/labelNoneNine-month CFO less capex
/operating_model/cells/ytd_fcf:shared/periodNone9M FY2026
/operating_model/cells/ytd_fcf:shared/unitNoneUSD_millions
/operating_model/cells/ytd_fcf:shared/valueNone184.65200000000002
/operating_model/cells/ytd_gross_profit:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/ytd_gross_profit:shared/caseNoneshared
/operating_model/cells/ytd_gross_profit:shared/idNoneytd_gross_profit
/operating_model/cells/ytd_gross_profit:shared/kindNonereported
/operating_model/cells/ytd_gross_profit:shared/labelNoneNine-month GAAP gross profit
/operating_model/cells/ytd_gross_profit:shared/periodNone9M FY2026
/operating_model/cells/ytd_gross_profit:shared/source_dateNone2026-08-04
/operating_model/cells/ytd_gross_profit:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/ytd_gross_profit:shared/unitNoneUSD_millions
/operating_model/cells/ytd_gross_profit:shared/valueNone254.653
/operating_model/cells/ytd_operating_income:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/ytd_operating_income:shared/caseNoneshared
/operating_model/cells/ytd_operating_income:shared/idNoneytd_operating_income
/operating_model/cells/ytd_operating_income:shared/kindNonereported
/operating_model/cells/ytd_operating_income:shared/labelNoneNine-month GAAP operating income
/operating_model/cells/ytd_operating_income:shared/periodNone9M FY2026
/operating_model/cells/ytd_operating_income:shared/source_dateNone2026-08-04
/operating_model/cells/ytd_operating_income:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/ytd_operating_income:shared/unitNoneUSD_millions
/operating_model/cells/ytd_operating_income:shared/valueNone164.428
/operating_model/cells/ytd_revenue:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/ytd_revenue:shared/caseNoneshared
/operating_model/cells/ytd_revenue:shared/idNoneytd_revenue
/operating_model/cells/ytd_revenue:shared/kindNonereported
/operating_model/cells/ytd_revenue:shared/labelNoneNine-month revenue
/operating_model/cells/ytd_revenue:shared/periodNone9M FY2026
/operating_model/cells/ytd_revenue:shared/source_dateNone2026-08-04
/operating_model/cells/ytd_revenue:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/operating_model/cells/ytd_revenue:shared/unitNoneUSD_millions
/operating_model/cells/ytd_revenue:shared/valueNone859.539
/operating_model/highlights/0Nonebacklog
/operating_model/highlights/1Nonebacklog_next12
/operating_model/highlights/2Noneq3_orders
/operating_model/highlights/3Nonecash
/operating_model/highlights/4Nonecontract_liabilities
/operating_model/highlights/5Noneytd_cfo_before_contract_funding
/operating_model/highlights/6Noneytd_fcf
/operating_model/limitations/0NoneDesk scenarios are not a formal company revenue guide, paid consensus, a complete balance sheet or an equity valuation. Backlog timing is an expectation, not guaranteed revenue.
/operating_model/limitations/1NoneThe $1.3B twelve-month backlog conversion reference is a subset of approximately $2.4B total backlog. The large data-center, petrochemical and LNG awards are already included, not added again.
/operating_model/limitations/2NoneNet order assumptions include modeled book-and-ship work. The backlog roll-forward subtracts total recognized revenue exactly once. New projects can cancel, resize or shift timing.
/operating_model/limitations/3NoneContract funding is the net operating cash-flow movement in contract assets and liabilities, not all customer deposits and not revenue. It can reverse as projects deliver.
/operating_model/limitations/4NoneCash taxes, interest income and non-contract working capital are explicit approximations, not a detailed cash-flow statement forecast. Capex excludes acquisitions and shareholder distributions.
/operating_model/limitations/5NoneThe April 2026 three-for-one split affects historical EPS comparability. Forecast EPS is omitted pending a full share-count and capital-return schedule. Fiscal year-end is September 30.
/operating_model/methodNoneStart with management expectation that about $1.3B of June backlog converts to revenue over the next twelve months. Allocate that existing backlog to four quarters and add separately assumed new book-and-ship work. Roll backlog forward as beginning backlog plus new net orders less all revenue. The fifth modeled quarter uses an explicit conversion share of remaining backlog. Gross margin and GAAP operating expenses drive earnings; cash flow separates contract-asset/liability funding from other working capital. FY2026 includes the reported nine months and FY2027 sums four desk quarters.
/operating_model/metrics/capexNoneCash capex ($M)
/operating_model/metrics/cfoNoneOperating cash flow ($M)
/operating_model/metrics/cfo_before_contract_fundingNoneCFO before contract funding ($M)
/operating_model/metrics/contract_fundingNoneNet contract funding ($M)
/operating_model/metrics/fcfNoneCFO less capex ($M)
/operating_model/metrics/gross_profitNoneGAAP gross profit ($M)
/operating_model/metrics/operating_incomeNoneGAAP operating income ($M)
/operating_model/metrics/revenueNoneRevenue ($M)
/operating_model/outputs/2026Q4:base/caseNonebase
/operating_model/outputs/2026Q4:base/frequencyNonequarter
/operating_model/outputs/2026Q4:base/metrics/capexNonebase_2026q4_capex
/operating_model/outputs/2026Q4:base/metrics/cfoNonebase_2026q4_cfo
/operating_model/outputs/2026Q4:base/metrics/cfo_before_contract_fundingNonebase_2026q4_cfo_before_contract_funding
/operating_model/outputs/2026Q4:base/metrics/contract_fundingNonebase_2026q4_contract_funding
/operating_model/outputs/2026Q4:base/metrics/fcfNonebase_2026q4_fcf
/operating_model/outputs/2026Q4:base/metrics/gross_profitNonebase_2026q4_gross_profit
/operating_model/outputs/2026Q4:base/metrics/operating_incomeNonebase_2026q4_operating_income
/operating_model/outputs/2026Q4:base/metrics/revenueNonebase_2026q4_revenue
/operating_model/outputs/2026Q4:base/periodNone2026Q4
/operating_model/outputs/2026Q4:base/period_endNone2026-09-30
/operating_model/outputs/2026Q4:base/values/capexNone10.0
/operating_model/outputs/2026Q4:base/values/cfoNone58.93249999999999
/operating_model/outputs/2026Q4:base/values/cfo_before_contract_fundingNone33.93249999999999
/operating_model/outputs/2026Q4:base/values/contract_fundingNone25.0
/operating_model/outputs/2026Q4:base/values/fcfNone48.93249999999999
/operating_model/outputs/2026Q4:base/values/gross_profitNone102.6
/operating_model/outputs/2026Q4:base/values/operating_incomeNone70.10999999999999
/operating_model/outputs/2026Q4:base/values/revenueNone342.0
/operating_model/outputs/2026Q4:downside/caseNonedownside
/operating_model/outputs/2026Q4:downside/frequencyNonequarter
/operating_model/outputs/2026Q4:downside/metrics/capexNonedownside_2026q4_capex
/operating_model/outputs/2026Q4:downside/metrics/cfoNonedownside_2026q4_cfo
/operating_model/outputs/2026Q4:downside/metrics/cfo_before_contract_fundingNonedownside_2026q4_cfo_before_contract_funding
/operating_model/outputs/2026Q4:downside/metrics/contract_fundingNonedownside_2026q4_contract_funding
/operating_model/outputs/2026Q4:downside/metrics/fcfNonedownside_2026q4_fcf
/operating_model/outputs/2026Q4:downside/metrics/gross_profitNonedownside_2026q4_gross_profit
/operating_model/outputs/2026Q4:downside/metrics/operating_incomeNonedownside_2026q4_operating_income
/operating_model/outputs/2026Q4:downside/metrics/revenueNonedownside_2026q4_revenue
/operating_model/outputs/2026Q4:downside/periodNone2026Q4
/operating_model/outputs/2026Q4:downside/period_endNone2026-09-30
/operating_model/outputs/2026Q4:downside/values/capexNone13.0
/operating_model/outputs/2026Q4:downside/values/cfoNone1.8771968
/operating_model/outputs/2026Q4:downside/values/cfo_before_contract_fundingNone11.8771968
/operating_model/outputs/2026Q4:downside/values/contract_fundingNone-10.0
/operating_model/outputs/2026Q4:downside/values/fcfNone-11.1228032
/operating_model/outputs/2026Q4:downside/values/gross_profitNone76.83120000000001
/operating_model/outputs/2026Q4:downside/values/operating_incomeNone48.944320000000005
/operating_model/outputs/2026Q4:downside/values/revenueNone284.56
/operating_model/outputs/2026Q4:upside/caseNoneupside
/operating_model/outputs/2026Q4:upside/frequencyNonequarter
/operating_model/outputs/2026Q4:upside/metrics/capexNoneupside_2026q4_capex
/operating_model/outputs/2026Q4:upside/metrics/cfoNoneupside_2026q4_cfo
/operating_model/outputs/2026Q4:upside/metrics/cfo_before_contract_fundingNoneupside_2026q4_cfo_before_contract_funding
/operating_model/outputs/2026Q4:upside/metrics/contract_fundingNoneupside_2026q4_contract_funding
/operating_model/outputs/2026Q4:upside/metrics/fcfNoneupside_2026q4_fcf
/operating_model/outputs/2026Q4:upside/metrics/gross_profitNoneupside_2026q4_gross_profit
/operating_model/outputs/2026Q4:upside/metrics/operating_incomeNoneupside_2026q4_operating_income
/operating_model/outputs/2026Q4:upside/metrics/revenueNoneupside_2026q4_revenue
/operating_model/outputs/2026Q4:upside/periodNone2026Q4
/operating_model/outputs/2026Q4:upside/period_endNone2026-09-30
/operating_model/outputs/2026Q4:upside/values/capexNone9.0
/operating_model/outputs/2026Q4:upside/values/cfoNone91.79280000000001
/operating_model/outputs/2026Q4:upside/values/cfo_before_contract_fundingNone51.792800000000014
/operating_model/outputs/2026Q4:upside/values/contract_fundingNone40.0
/operating_model/outputs/2026Q4:upside/values/fcfNone82.79280000000001
/operating_model/outputs/2026Q4:upside/values/gross_profitNone120.6272
/operating_model/outputs/2026Q4:upside/values/operating_incomeNone86.70080000000002
/operating_model/outputs/2026Q4:upside/values/revenueNone376.96
/operating_model/outputs/2027Q1:base/caseNonebase
/operating_model/outputs/2027Q1:base/frequencyNonequarter
/operating_model/outputs/2027Q1:base/metrics/capexNonebase_2027q1_capex
/operating_model/outputs/2027Q1:base/metrics/cfoNonebase_2027q1_cfo
/operating_model/outputs/2027Q1:base/metrics/cfo_before_contract_fundingNonebase_2027q1_cfo_before_contract_funding
/operating_model/outputs/2027Q1:base/metrics/contract_fundingNonebase_2027q1_contract_funding
/operating_model/outputs/2027Q1:base/metrics/fcfNonebase_2027q1_fcf
/operating_model/outputs/2027Q1:base/metrics/gross_profitNonebase_2027q1_gross_profit
/operating_model/outputs/2027Q1:base/metrics/operating_incomeNonebase_2027q1_operating_income
/operating_model/outputs/2027Q1:base/metrics/revenueNonebase_2027q1_revenue
/operating_model/outputs/2027Q1:base/periodNone2027Q1
/operating_model/outputs/2027Q1:base/period_endNone2026-12-31
/operating_model/outputs/2027Q1:base/values/capexNone10.0
/operating_model/outputs/2027Q1:base/values/cfoNone57.90875000000001
/operating_model/outputs/2027Q1:base/values/cfo_before_contract_fundingNone32.90875000000001
/operating_model/outputs/2027Q1:base/values/contract_fundingNone25.0
/operating_model/outputs/2027Q1:base/values/fcfNone47.90875000000001
/operating_model/outputs/2027Q1:base/values/gross_profitNone98.7
/operating_model/outputs/2027Q1:base/values/operating_incomeNone67.44500000000001
/operating_model/outputs/2027Q1:base/values/revenueNone329.0
/operating_model/outputs/2027Q1:downside/caseNonedownside
/operating_model/outputs/2027Q1:downside/frequencyNonequarter
/operating_model/outputs/2027Q1:downside/metrics/capexNonedownside_2027q1_capex
/operating_model/outputs/2027Q1:downside/metrics/cfoNonedownside_2027q1_cfo
/operating_model/outputs/2027Q1:downside/metrics/cfo_before_contract_fundingNonedownside_2027q1_cfo_before_contract_funding
/operating_model/outputs/2027Q1:downside/metrics/contract_fundingNonedownside_2027q1_contract_funding
/operating_model/outputs/2027Q1:downside/metrics/fcfNonedownside_2027q1_fcf
/operating_model/outputs/2027Q1:downside/metrics/gross_profitNonedownside_2027q1_gross_profit
/operating_model/outputs/2027Q1:downside/metrics/operating_incomeNonedownside_2027q1_operating_income
/operating_model/outputs/2027Q1:downside/metrics/revenueNonedownside_2027q1_revenue
/operating_model/outputs/2027Q1:downside/periodNone2027Q1
/operating_model/outputs/2027Q1:downside/period_endNone2026-12-31
/operating_model/outputs/2027Q1:downside/values/capexNone13.0
/operating_model/outputs/2027Q1:downside/values/cfoNone11.679513600000003
/operating_model/outputs/2027Q1:downside/values/cfo_before_contract_fundingNone11.679513600000003
/operating_model/outputs/2027Q1:downside/values/contract_fundingNone0.0
/operating_model/outputs/2027Q1:downside/values/fcfNone-1.3204863999999965
/operating_model/outputs/2027Q1:downside/values/gross_profitNone73.7424
/operating_model/outputs/2027Q1:downside/values/operating_incomeNone46.97664
/operating_model/outputs/2027Q1:downside/values/revenueNone273.12
/operating_model/outputs/2027Q1:upside/caseNoneupside
/operating_model/outputs/2027Q1:upside/frequencyNonequarter
/operating_model/outputs/2027Q1:upside/metrics/capexNoneupside_2027q1_capex
/operating_model/outputs/2027Q1:upside/metrics/cfoNoneupside_2027q1_cfo
/operating_model/outputs/2027Q1:upside/metrics/cfo_before_contract_fundingNoneupside_2027q1_cfo_before_contract_funding
/operating_model/outputs/2027Q1:upside/metrics/contract_fundingNoneupside_2027q1_contract_funding
/operating_model/outputs/2027Q1:upside/metrics/fcfNoneupside_2027q1_fcf
/operating_model/outputs/2027Q1:upside/metrics/gross_profitNoneupside_2027q1_gross_profit
/operating_model/outputs/2027Q1:upside/metrics/operating_incomeNoneupside_2027q1_operating_income
/operating_model/outputs/2027Q1:upside/metrics/revenueNoneupside_2027q1_revenue
/operating_model/outputs/2027Q1:upside/periodNone2027Q1
/operating_model/outputs/2027Q1:upside/period_endNone2026-12-31
/operating_model/outputs/2027Q1:upside/values/capexNone9.0
/operating_model/outputs/2027Q1:upside/values/cfoNone90.7306
/operating_model/outputs/2027Q1:upside/values/cfo_before_contract_fundingNone50.730599999999995
/operating_model/outputs/2027Q1:upside/values/contract_fundingNone40.0
/operating_model/outputs/2027Q1:upside/values/fcfNone81.7306
/operating_model/outputs/2027Q1:upside/values/gross_profitNone117.73440000000001
/operating_model/outputs/2027Q1:upside/values/operating_incomeNone84.6216
/operating_model/outputs/2027Q1:upside/values/revenueNone367.92
/operating_model/outputs/2027Q2:base/caseNonebase
/operating_model/outputs/2027Q2:base/frequencyNonequarter
/operating_model/outputs/2027Q2:base/metrics/capexNonebase_2027q2_capex
/operating_model/outputs/2027Q2:base/metrics/cfoNonebase_2027q2_cfo
/operating_model/outputs/2027Q2:base/metrics/cfo_before_contract_fundingNonebase_2027q2_cfo_before_contract_funding
/operating_model/outputs/2027Q2:base/metrics/contract_fundingNonebase_2027q2_contract_funding
/operating_model/outputs/2027Q2:base/metrics/fcfNonebase_2027q2_fcf
/operating_model/outputs/2027Q2:base/metrics/gross_profitNonebase_2027q2_gross_profit
/operating_model/outputs/2027Q2:base/metrics/operating_incomeNonebase_2027q2_operating_income
/operating_model/outputs/2027Q2:base/metrics/revenueNonebase_2027q2_revenue
/operating_model/outputs/2027Q2:base/periodNone2027Q2
/operating_model/outputs/2027Q2:base/period_endNone2027-03-31
/operating_model/outputs/2027Q2:base/values/capexNone10.0
/operating_model/outputs/2027Q2:base/values/cfoNone59.956250000000004
/operating_model/outputs/2027Q2:base/values/cfo_before_contract_fundingNone34.956250000000004
/operating_model/outputs/2027Q2:base/values/contract_fundingNone25.0
/operating_model/outputs/2027Q2:base/values/fcfNone49.956250000000004
/operating_model/outputs/2027Q2:base/values/gross_profitNone106.5
/operating_model/outputs/2027Q2:base/values/operating_incomeNone72.775
/operating_model/outputs/2027Q2:base/values/revenueNone355.0
/operating_model/outputs/2027Q2:downside/caseNonedownside
/operating_model/outputs/2027Q2:downside/frequencyNonequarter
/operating_model/outputs/2027Q2:downside/metrics/capexNonedownside_2027q2_capex
/operating_model/outputs/2027Q2:downside/metrics/cfoNonedownside_2027q2_cfo
/operating_model/outputs/2027Q2:downside/metrics/cfo_before_contract_fundingNonedownside_2027q2_cfo_before_contract_funding
/operating_model/outputs/2027Q2:downside/metrics/contract_fundingNonedownside_2027q2_contract_funding
/operating_model/outputs/2027Q2:downside/metrics/fcfNonedownside_2027q2_fcf
/operating_model/outputs/2027Q2:downside/metrics/gross_profitNonedownside_2027q2_gross_profit
/operating_model/outputs/2027Q2:downside/metrics/operating_incomeNonedownside_2027q2_operating_income
/operating_model/outputs/2027Q2:downside/metrics/revenueNonedownside_2027q2_revenue
/operating_model/outputs/2027Q2:downside/periodNone2027Q2
/operating_model/outputs/2027Q2:downside/period_endNone2027-03-31
/operating_model/outputs/2027Q2:downside/values/capexNone13.0
/operating_model/outputs/2027Q2:downside/values/cfoNone12.161280000000005
/operating_model/outputs/2027Q2:downside/values/cfo_before_contract_fundingNone12.161280000000005
/operating_model/outputs/2027Q2:downside/values/contract_fundingNone0.0
/operating_model/outputs/2027Q2:downside/values/fcfNone-0.838719999999995
/operating_model/outputs/2027Q2:downside/values/gross_profitNone81.27000000000001
/operating_model/outputs/2027Q2:downside/values/operating_incomeNone51.772000000000006
/operating_model/outputs/2027Q2:downside/values/revenueNone301.0
/operating_model/outputs/2027Q2:upside/caseNoneupside
/operating_model/outputs/2027Q2:upside/frequencyNonequarter
/operating_model/outputs/2027Q2:upside/metrics/capexNoneupside_2027q2_capex
/operating_model/outputs/2027Q2:upside/metrics/cfoNoneupside_2027q2_cfo
/operating_model/outputs/2027Q2:upside/metrics/cfo_before_contract_fundingNoneupside_2027q2_cfo_before_contract_funding
/operating_model/outputs/2027Q2:upside/metrics/contract_fundingNoneupside_2027q2_contract_funding
/operating_model/outputs/2027Q2:upside/metrics/fcfNoneupside_2027q2_fcf
/operating_model/outputs/2027Q2:upside/metrics/gross_profitNoneupside_2027q2_gross_profit
/operating_model/outputs/2027Q2:upside/metrics/operating_incomeNoneupside_2027q2_operating_income
/operating_model/outputs/2027Q2:upside/metrics/revenueNoneupside_2027q2_revenue
/operating_model/outputs/2027Q2:upside/periodNone2027Q2
/operating_model/outputs/2027Q2:upside/period_endNone2027-03-31
/operating_model/outputs/2027Q2:upside/values/capexNone9.0
/operating_model/outputs/2027Q2:upside/values/cfoNone94.03
/operating_model/outputs/2027Q2:upside/values/cfo_before_contract_fundingNone54.03
/operating_model/outputs/2027Q2:upside/values/contract_fundingNone40.0
/operating_model/outputs/2027Q2:upside/values/fcfNone85.03
/operating_model/outputs/2027Q2:upside/values/gross_profitNone126.72
/operating_model/outputs/2027Q2:upside/values/operating_incomeNone91.08
/operating_model/outputs/2027Q2:upside/values/revenueNone396.0
/operating_model/outputs/2027Q3:base/caseNonebase
/operating_model/outputs/2027Q3:base/frequencyNonequarter
/operating_model/outputs/2027Q3:base/metrics/capexNonebase_2027q3_capex
/operating_model/outputs/2027Q3:base/metrics/cfoNonebase_2027q3_cfo
/operating_model/outputs/2027Q3:base/metrics/cfo_before_contract_fundingNonebase_2027q3_cfo_before_contract_funding
/operating_model/outputs/2027Q3:base/metrics/contract_fundingNonebase_2027q3_contract_funding
/operating_model/outputs/2027Q3:base/metrics/fcfNonebase_2027q3_fcf
/operating_model/outputs/2027Q3:base/metrics/gross_profitNonebase_2027q3_gross_profit
/operating_model/outputs/2027Q3:base/metrics/operating_incomeNonebase_2027q3_operating_income
/operating_model/outputs/2027Q3:base/metrics/revenueNonebase_2027q3_revenue
/operating_model/outputs/2027Q3:base/periodNone2027Q3
/operating_model/outputs/2027Q3:base/period_endNone2027-06-30
/operating_model/outputs/2027Q3:base/values/capexNone10.0
/operating_model/outputs/2027Q3:base/values/cfoNone63.02750000000001
/operating_model/outputs/2027Q3:base/values/cfo_before_contract_fundingNone38.02750000000001
/operating_model/outputs/2027Q3:base/values/contract_fundingNone25.0
/operating_model/outputs/2027Q3:base/values/fcfNone53.02750000000001
/operating_model/outputs/2027Q3:base/values/gross_profitNone118.20000000000002
/operating_model/outputs/2027Q3:base/values/operating_incomeNone80.77000000000001
/operating_model/outputs/2027Q3:base/values/revenueNone394.00000000000006
/operating_model/outputs/2027Q3:downside/caseNonedownside
/operating_model/outputs/2027Q3:downside/frequencyNonequarter
/operating_model/outputs/2027Q3:downside/metrics/capexNonedownside_2027q3_capex
/operating_model/outputs/2027Q3:downside/metrics/cfoNonedownside_2027q3_cfo
/operating_model/outputs/2027Q3:downside/metrics/cfo_before_contract_fundingNonedownside_2027q3_cfo_before_contract_funding
/operating_model/outputs/2027Q3:downside/metrics/contract_fundingNonedownside_2027q3_contract_funding
/operating_model/outputs/2027Q3:downside/metrics/fcfNonedownside_2027q3_fcf
/operating_model/outputs/2027Q3:downside/metrics/gross_profitNonedownside_2027q3_gross_profit
/operating_model/outputs/2027Q3:downside/metrics/operating_incomeNonedownside_2027q3_operating_income
/operating_model/outputs/2027Q3:downside/metrics/revenueNonedownside_2027q3_revenue
/operating_model/outputs/2027Q3:downside/periodNone2027Q3
/operating_model/outputs/2027Q3:downside/period_endNone2027-06-30
/operating_model/outputs/2027Q3:downside/values/capexNone13.0
/operating_model/outputs/2027Q3:downside/values/cfoNone22.7543296
/operating_model/outputs/2027Q3:downside/values/cfo_before_contract_fundingNone12.754329599999998
/operating_model/outputs/2027Q3:downside/values/contract_fundingNone10.0
/operating_model/outputs/2027Q3:downside/values/fcfNone9.754329599999998
/operating_model/outputs/2027Q3:downside/values/gross_profitNone90.53640000000001
/operating_model/outputs/2027Q3:downside/values/operating_incomeNone57.67504000000001
/operating_model/outputs/2027Q3:downside/values/revenueNone335.32000000000005
/operating_model/outputs/2027Q3:upside/caseNoneupside
/operating_model/outputs/2027Q3:upside/frequencyNonequarter
/operating_model/outputs/2027Q3:upside/metrics/capexNoneupside_2027q3_capex
/operating_model/outputs/2027Q3:upside/metrics/cfoNoneupside_2027q3_cfo
/operating_model/outputs/2027Q3:upside/metrics/cfo_before_contract_fundingNoneupside_2027q3_cfo_before_contract_funding
/operating_model/outputs/2027Q3:upside/metrics/contract_fundingNoneupside_2027q3_contract_funding
/operating_model/outputs/2027Q3:upside/metrics/fcfNoneupside_2027q3_fcf
/operating_model/outputs/2027Q3:upside/metrics/gross_profitNoneupside_2027q3_gross_profit
/operating_model/outputs/2027Q3:upside/metrics/operating_incomeNoneupside_2027q3_operating_income
/operating_model/outputs/2027Q3:upside/metrics/revenueNoneupside_2027q3_revenue
/operating_model/outputs/2027Q3:upside/periodNone2027Q3
/operating_model/outputs/2027Q3:upside/period_endNone2027-06-30
/operating_model/outputs/2027Q3:upside/values/capexNone9.0
/operating_model/outputs/2027Q3:upside/values/cfoNone99.56660000000002
/operating_model/outputs/2027Q3:upside/values/cfo_before_contract_fundingNone59.56660000000002
/operating_model/outputs/2027Q3:upside/values/contract_fundingNone40.0
/operating_model/outputs/2027Q3:upside/values/fcfNone90.56660000000002
/operating_model/outputs/2027Q3:upside/values/gross_profitNone141.79840000000002
/operating_model/outputs/2027Q3:upside/values/operating_incomeNone101.91760000000002
/operating_model/outputs/2027Q3:upside/values/revenueNone443.12000000000006
/operating_model/outputs/FY2026:base/caseNonebase
/operating_model/outputs/FY2026:base/frequencyNoneyear
/operating_model/outputs/FY2026:base/metrics/capexNonebase_fy2026_capex
/operating_model/outputs/FY2026:base/metrics/cfoNonebase_fy2026_cfo
/operating_model/outputs/FY2026:base/metrics/cfo_before_contract_fundingNonebase_fy2026_cfo_before_contract_funding
/operating_model/outputs/FY2026:base/metrics/contract_fundingNonebase_fy2026_contract_funding
/operating_model/outputs/FY2026:base/metrics/fcfNonebase_fy2026_fcf
/operating_model/outputs/FY2026:base/metrics/gross_profitNonebase_fy2026_gross_profit
/operating_model/outputs/FY2026:base/metrics/operating_incomeNonebase_fy2026_operating_income
/operating_model/outputs/FY2026:base/metrics/revenueNonebase_fy2026_revenue
/operating_model/outputs/FY2026:base/periodNoneFY2026
/operating_model/outputs/FY2026:base/period_endNone2026-09-30
/operating_model/outputs/FY2026:base/values/capexNone20.386
/operating_model/outputs/FY2026:base/values/cfoNone253.97050000000002
/operating_model/outputs/FY2026:base/values/cfo_before_contract_fundingNone40.207499999999996
/operating_model/outputs/FY2026:base/values/contract_fundingNone213.763
/operating_model/outputs/FY2026:base/values/fcfNone233.5845
/operating_model/outputs/FY2026:base/values/gross_profitNone357.253
/operating_model/outputs/FY2026:base/values/operating_incomeNone234.53799999999998
/operating_model/outputs/FY2026:base/values/revenueNone1201.539
/operating_model/outputs/FY2026:downside/caseNonedownside
/operating_model/outputs/FY2026:downside/frequencyNoneyear
/operating_model/outputs/FY2026:downside/metrics/capexNonedownside_fy2026_capex
/operating_model/outputs/FY2026:downside/metrics/cfoNonedownside_fy2026_cfo
/operating_model/outputs/FY2026:downside/metrics/cfo_before_contract_fundingNonedownside_fy2026_cfo_before_contract_funding
/operating_model/outputs/FY2026:downside/metrics/contract_fundingNonedownside_fy2026_contract_funding
/operating_model/outputs/FY2026:downside/metrics/fcfNonedownside_fy2026_fcf
/operating_model/outputs/FY2026:downside/metrics/gross_profitNonedownside_fy2026_gross_profit
/operating_model/outputs/FY2026:downside/metrics/operating_incomeNonedownside_fy2026_operating_income
/operating_model/outputs/FY2026:downside/metrics/revenueNonedownside_fy2026_revenue
/operating_model/outputs/FY2026:downside/periodNoneFY2026
/operating_model/outputs/FY2026:downside/period_endNone2026-09-30
/operating_model/outputs/FY2026:downside/values/capexNone23.386
/operating_model/outputs/FY2026:downside/values/cfoNone196.91519680000002
/operating_model/outputs/FY2026:downside/values/cfo_before_contract_fundingNone18.152196800000006
/operating_model/outputs/FY2026:downside/values/contract_fundingNone178.763
/operating_model/outputs/FY2026:downside/values/fcfNone173.52919680000002
/operating_model/outputs/FY2026:downside/values/gross_profitNone331.4842
/operating_model/outputs/FY2026:downside/values/operating_incomeNone213.37232
/operating_model/outputs/FY2026:downside/values/revenueNone1144.099
/operating_model/outputs/FY2026:upside/caseNoneupside
/operating_model/outputs/FY2026:upside/frequencyNoneyear
/operating_model/outputs/FY2026:upside/metrics/capexNoneupside_fy2026_capex
/operating_model/outputs/FY2026:upside/metrics/cfoNoneupside_fy2026_cfo
/operating_model/outputs/FY2026:upside/metrics/cfo_before_contract_fundingNoneupside_fy2026_cfo_before_contract_funding
/operating_model/outputs/FY2026:upside/metrics/contract_fundingNoneupside_fy2026_contract_funding
/operating_model/outputs/FY2026:upside/metrics/fcfNoneupside_fy2026_fcf
/operating_model/outputs/FY2026:upside/metrics/gross_profitNoneupside_fy2026_gross_profit
/operating_model/outputs/FY2026:upside/metrics/operating_incomeNoneupside_fy2026_operating_income
/operating_model/outputs/FY2026:upside/metrics/revenueNoneupside_fy2026_revenue
/operating_model/outputs/FY2026:upside/periodNoneFY2026
/operating_model/outputs/FY2026:upside/period_endNone2026-09-30
/operating_model/outputs/FY2026:upside/values/capexNone19.386
/operating_model/outputs/FY2026:upside/values/cfoNone286.8308
/operating_model/outputs/FY2026:upside/values/cfo_before_contract_fundingNone58.06780000000002
/operating_model/outputs/FY2026:upside/values/contract_fundingNone228.763
/operating_model/outputs/FY2026:upside/values/fcfNone267.44480000000004
/operating_model/outputs/FY2026:upside/values/gross_profitNone375.2802
/operating_model/outputs/FY2026:upside/values/operating_incomeNone251.1288
/operating_model/outputs/FY2026:upside/values/revenueNone1236.499
/operating_model/outputs/FY2027:base/caseNonebase
/operating_model/outputs/FY2027:base/frequencyNoneyear
/operating_model/outputs/FY2027:base/metrics/capexNonebase_fy2027_capex
/operating_model/outputs/FY2027:base/metrics/cfoNonebase_fy2027_cfo
/operating_model/outputs/FY2027:base/metrics/cfo_before_contract_fundingNonebase_fy2027_cfo_before_contract_funding
/operating_model/outputs/FY2027:base/metrics/contract_fundingNonebase_fy2027_contract_funding
/operating_model/outputs/FY2027:base/metrics/fcfNonebase_fy2027_fcf
/operating_model/outputs/FY2027:base/metrics/gross_profitNonebase_fy2027_gross_profit
/operating_model/outputs/FY2027:base/metrics/operating_incomeNonebase_fy2027_operating_income
/operating_model/outputs/FY2027:base/metrics/revenueNonebase_fy2027_revenue
/operating_model/outputs/FY2027:base/periodNoneFY2027
/operating_model/outputs/FY2027:base/period_endNone2027-09-30
/operating_model/outputs/FY2027:base/values/capexNone40.0
/operating_model/outputs/FY2027:base/values/cfoNone246.6605
/operating_model/outputs/FY2027:base/values/cfo_before_contract_fundingNone146.6605
/operating_model/outputs/FY2027:base/values/contract_fundingNone100.0
/operating_model/outputs/FY2027:base/values/fcfNone206.6605
/operating_model/outputs/FY2027:base/values/gross_profitNone452.03999999999996
/operating_model/outputs/FY2027:base/values/operating_incomeNone308.894
/operating_model/outputs/FY2027:base/values/revenueNone1506.8
/operating_model/outputs/FY2027:downside/caseNonedownside
/operating_model/outputs/FY2027:downside/frequencyNoneyear
/operating_model/outputs/FY2027:downside/metrics/capexNonedownside_fy2027_capex
/operating_model/outputs/FY2027:downside/metrics/cfoNonedownside_fy2027_cfo
/operating_model/outputs/FY2027:downside/metrics/cfo_before_contract_fundingNonedownside_fy2027_cfo_before_contract_funding
/operating_model/outputs/FY2027:downside/metrics/contract_fundingNonedownside_fy2027_contract_funding
/operating_model/outputs/FY2027:downside/metrics/fcfNonedownside_fy2027_fcf
/operating_model/outputs/FY2027:downside/metrics/gross_profitNonedownside_fy2027_gross_profit
/operating_model/outputs/FY2027:downside/metrics/operating_incomeNonedownside_fy2027_operating_income
/operating_model/outputs/FY2027:downside/metrics/revenueNonedownside_fy2027_revenue
/operating_model/outputs/FY2027:downside/periodNoneFY2027
/operating_model/outputs/FY2027:downside/period_endNone2027-09-30
/operating_model/outputs/FY2027:downside/values/capexNone52.0
/operating_model/outputs/FY2027:downside/values/cfoNone68.9599616
/operating_model/outputs/FY2027:downside/values/cfo_before_contract_fundingNone48.9599616
/operating_model/outputs/FY2027:downside/values/contract_fundingNone20.0
/operating_model/outputs/FY2027:downside/values/fcfNone16.959961600000003
/operating_model/outputs/FY2027:downside/values/gross_profitNone329.99940000000004
/operating_model/outputs/FY2027:downside/values/operating_incomeNone210.22184000000001
/operating_model/outputs/FY2027:downside/values/revenueNone1222.22
/operating_model/outputs/FY2027:upside/caseNoneupside
/operating_model/outputs/FY2027:upside/frequencyNoneyear
/operating_model/outputs/FY2027:upside/metrics/capexNoneupside_fy2027_capex
/operating_model/outputs/FY2027:upside/metrics/cfoNoneupside_fy2027_cfo
/operating_model/outputs/FY2027:upside/metrics/cfo_before_contract_fundingNoneupside_fy2027_cfo_before_contract_funding
/operating_model/outputs/FY2027:upside/metrics/contract_fundingNoneupside_fy2027_contract_funding
/operating_model/outputs/FY2027:upside/metrics/fcfNoneupside_fy2027_fcf
/operating_model/outputs/FY2027:upside/metrics/gross_profitNoneupside_fy2027_gross_profit
/operating_model/outputs/FY2027:upside/metrics/operating_incomeNoneupside_fy2027_operating_income
/operating_model/outputs/FY2027:upside/metrics/revenueNoneupside_fy2027_revenue
/operating_model/outputs/FY2027:upside/periodNoneFY2027
/operating_model/outputs/FY2027:upside/period_endNone2027-09-30
/operating_model/outputs/FY2027:upside/values/capexNone36.0
/operating_model/outputs/FY2027:upside/values/cfoNone393.5006000000001
/operating_model/outputs/FY2027:upside/values/cfo_before_contract_fundingNone233.50060000000002
/operating_model/outputs/FY2027:upside/values/contract_fundingNone160.0
/operating_model/outputs/FY2027:upside/values/fcfNone357.5006000000001
/operating_model/outputs/FY2027:upside/values/gross_profitNone554.2144000000001
/operating_model/outputs/FY2027:upside/values/operating_incomeNone398.34159999999997
/operating_model/outputs/FY2027:upside/values/revenueNone1731.92
/operating_model/reviewed_atNone2026-09-19
/operating_model/schema_versionNoneoperating_model.v1
/operating_model/titleNoneBacklog conversion, project margins and advance funding
/research/change_noteNoneFirst sourced backlog-to-revenue and cash model. Separates existing backlog, new orders and customer-funded cash; no double counting of the record project awards.
/research/checkpoints/0/date_statusNoneestimated
/research/checkpoints/0/eventNoneFiscal 2026 close
/research/checkpoints/0/timingNoneQuarter ending September 30; results date unconfirmed
/research/checkpoints/0/watchNoneCompare Q4 revenue, backlog conversion and project margins with scenarios.
/research/checkpoints/1/date_statusNoneestimated
/research/checkpoints/1/eventNoneJacintoport expansion
/research/checkpoints/1/timingNoneCompany target by fiscal 2026 year-end
/research/checkpoints/1/watchNoneConfirm operating readiness and cash spending.
/research/checkpoints/2/date_statusNoneestimated
/research/checkpoints/2/eventNoneAdditional leased capacity
/research/checkpoints/2/timingNoneFiscal 2027 company plan
/research/checkpoints/2/watchNoneWatch fixed costs, engineering staffing and on-time project delivery.
/research/countercaseNoneBacklog can be large while project delivery slips or lower-margin jobs enter production. Customer advances can make current cash look stronger than the cash generated after fulfillment. Expanding capacity also risks fixed costs arriving before profitable volume.
/research/economicsNoneQ3 revenue was $311.7M with $95.3M gross profit and $64.1M operating income. New net orders of $934.2M lifted backlog to approximately $2.4B. A data-center order above $400M and large petrochemical/LNG awards are included in that total. Management expects about $1.3B of June backlog revenue in the next twelve months. Nine-month CFO of $195.0M falls to $6.3M when the $188.8M net contract-funding cash contribution is removed; other working capital, including receivables, still affects that remainder. June cash was $633.6M and contract liabilities $466.4M. The model rolls orders and revenue through backlog and separately shows margins, other working capital, contract funding and expansion capex.
/research/limitations/0NoneDesk scenarios are not a formal company revenue guide, paid consensus, a complete balance sheet or an equity valuation. Backlog timing is an expectation, not guaranteed revenue.
/research/limitations/1NoneThe $1.3B twelve-month backlog conversion reference is a subset of approximately $2.4B total backlog. The large data-center, petrochemical and LNG awards are already included, not added again.
/research/limitations/2NoneNet order assumptions include modeled book-and-ship work. The backlog roll-forward subtracts total recognized revenue exactly once. New projects can cancel, resize or shift timing.
/research/limitations/3NoneContract funding is the net operating cash-flow movement in contract assets and liabilities, not all customer deposits and not revenue. It can reverse as projects deliver.
/research/limitations/4NoneCash taxes, interest income and non-contract working capital are explicit approximations, not a detailed cash-flow statement forecast. Capex excludes acquisitions and shareholder distributions.
/research/limitations/5NoneThe April 2026 three-for-one split affects historical EPS comparability. Forecast EPS is omitted pending a full share-count and capital-return schedule. Fiscal year-end is September 30.
/research/questionNoneHow much of record project demand turns into repeatable profit and cash as customer advances unwind?
/research/reviewed_atNone2026-09-19
/research/risks/0NoneLarge custom projects can delay, change scope or cancel.
/research/risks/1NoneData-center orders increase concentration and execution demands.
/research/risks/2NoneProject mix and factory bottlenecks can compress gross margin.
/research/risks/3NoneContract funding can reverse as previously funded work is delivered.
/research/risks/4NoneExpansion spending and engineering capacity must keep pace with commitments.
/research/risks/5NoneFiscal-year and split-adjusted per-share comparisons require care.
/research/titleNoneBacklog visibility with a separate cash-funding test
/sources/0/retrievedNone2026-09-19
/sources/0/titleNoneAugust 3 fiscal Q3 earnings and orders
/sources/0/urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000103/ex991-powlq3xfy2026earning.htm
/sources/1/retrievedNone2026-09-19
/sources/1/titleNoneAugust 4 Form 10-Q: backlog timing and contract cash funding
/sources/1/urlNonehttps://www.sec.gov/Archives/edgar/data/80420/000008042026000107/powl-20260630.htm
/thesis/scenario_rangesNoneExplicit downside/base/upside business assumptions; not price targets, probabilities or historical market-memory bands.
/thesis/viewRecord backlog offers revenue visibility, but timing and cash quality matter more than one large order quarter. Powell expects approximately $1.3B of its $2.4B June backlog to convert over the next twelve months. The model starts with that expectation and adds only explicit new book-and-ship assumptions. Nine-month CFO was $195.0M, including $188.8M from net contract asset and liability movements. Strong customer funding supports production, but should not be annualized as recurring cash profit.
/thesis/what_changes_itTrack backlog conversion, net orders after cancellations, project margins and CFO before contract funding. Capacity projects must support profitable delivery without consuming an outsized share of the cash funded by customers.