Arrow Electronics, Inc. Financial Ratios — ARW Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	17.31	13.23	9.79	11.95	12	12.22	8.59	13.94	-4.03	11.81	21.37	26.35	15.92	6.78	9.25
Return on Assets (%)	6.16	4.91	3.5	4.07	3.91	3.84	2.62	4.18	-1.19	3.49	6.06	6.91	4.16	1.8	2.25
Return on Capital (%)	12.64	10	7.72	9.19	9.22	9.11	6.59	10.28	- -	9.03	15.71	17.98	12.11	6.52	7.95
Return on Invested Capital (%)	12.62	10	7.77	8.86	9.35	9.34	7.19	10.7	- -	9.16	15.83	18.34	12.2	6.73	7.08
Gross Margin (%)	13.78	13.41	13.07	13.16	13.04	13.39	12.64	12.47	11.41	11.13	12.19	13.03	12.53	11.79	11.24
EBITDA Margin (%)	4.73	4.51	3.86	4.03	4.21	4.41	4.14	4.49	1.03	3.78	5.08	6.08	4.99	3.34	3.11
Operating Margin (%)	4.45	3.79	3.68	3.87	3.84	3.99	3.92	4.08	3.17	3.19	4.56	5.61	4.7	3.26	3.04
Incremental Operating Margin (%)	6.36	18.28	1.44	6.66	2.56	21.85	3.36	5.45	38.75	0.8	11.32	19.26	13.12	12.42	0.92
Pretax Margin (%)	3.79	3.48	2.73	3	2.97	3.05	2.61	3.06	-0.39	2.65	4.17	5.08	3.52	1.75	2.33
Profit Margin (%)	2.8	2.48	1.87	2.19	2.14	2.23	1.51	2.41	-0.71	2.04	3.21	3.84	2.73	1.4	1.85
Net Income to Common Margin (%)	2.8	2.48	1.87	2.19	2.14	2.23	1.51	2.41	-0.71	2.04	3.21	3.84	2.73	1.4	1.85
Effective Tax Rate (%)	25.99	28.67	31.32	27.06	27.69	26.66	41.29	20.65	- -	22.76	22.69	23.83	21.9	19.58	20.65
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	17.31	13.23	9.79	11.95	12	12.22	8.59	13.94	-4.03	11.81	21.37	26.35	15.92	6.78	9.25

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	1,962	1,952	2,250	2,081	2,425	2,790	3,290	3,485	2,972	2,257	2,627	3,773	3,808	3,124	3,085
ST Debt	34	364	24	13	44	94	357	246	331	159	383	590	1,654	350	- -
LT Debt	1,928	1,587	2,226	2,068	2,381	2,696	2,933	3,239	2,640	2,098	2,244	3,183	2,154	2,774	3,085
Total Debt/EBITDA	1.94	2.12	2.73	2.27	2.47	2.69	2.99	2.61	9.99	2.08	1.5	1.67	2.3	3.35	3.21
Net Debt/EBITDA	1.55	1.68	2.25	1.83	2.19	2.18	2.33	2.23	8.98	1.74	1.37	1.59	2.17	3.15	2.89
Total Debt/EBIT	2.16	2.43	3.24	2.73	2.94	3.18	3.48	3.04	27.59	2.52	1.69	1.82	2.59	4.06	3.75
Net Debt/EBIT	1.72	1.92	2.68	2.21	2.61	2.57	2.71	2.59	24.81	2.11	1.54	1.74	2.44	3.82	3.38
EBITDA to Interest Expense	9.55	9.03	7.21	7.92	7.24	6.85	5.6	6.21	1.46	7.9	13.3	12.15	5.03	3.45	4.46
EBITDA-CapEx/Interest Expense	8.48	7.92	6.19	6.86	6.1	5.76	4.56	5.49	0.72	6.99	12.67	11.73	4.77	3.11	3.99
EBIT to Interest Expense	8.99	7.58	6.87	7.59	6.6	6.2	5.3	5.64	4.5	6.67	11.94	11.22	4.73	3.38	4.36
Interest Expense	106	102	114	116	135	151	196	215	204	137	132	186	329	270	215
Common Equity/Total Assets	37.33	36.93	34.66	33.4	31.81	31.07	30.07	29.94	29.34	29.84	27.04	25.49	26.72	26.48	22.64
Long-Term Debt/Equity (%)	52.45	39.81	53.2	49.72	56.75	60.38	58.69	60.25	54.25	40.74	42.02	56.72	36.64	47.57	46.33
Long-Term Debt/Capital (%)	34.2	26.73	34.59	33.14	35.96	37.16	35.39	36.55	33.68	28.33	28.17	33.92	22.24	30.97	31.66
Long-Term Debt/Total Assets (%)	19.61	14.72	18.46	16.63	18.28	18.98	17.82	18.21	16.1	12.3	11.49	14.63	9.91	12.75	10.61
Total Debt/Equity (%)	53.37	48.95	53.77	50.05	57.8	62.48	65.82	64.83	61.06	43.83	49.19	67.24	64.78	53.57	46.33
Total Debt/Capital (%)	34.8	32.86	34.97	33.35	36.63	38.45	39.7	39.33	37.91	30.47	32.97	40.2	39.31	34.88	31.66
Total Debt/Total Assets (%)	19.96	18.1	18.66	16.74	18.62	19.64	19.99	19.6	18.12	13.23	13.45	17.34	17.52	14.36	10.61
Net Debt to Equity	42.58	38.68	44.43	40.42	51.29	50.52	51.22	55.35	54.9	36.57	45.03	64.08	61.07	50.33	41.73
Net Debt/Capital (%)	29.86	27.89	30.76	28.78	33.9	33.56	33.87	35.63	35.44	26.78	31.05	39.06	37.92	33.48	29.44
EBITDA	1,012	919	825	918	980	1,036	1,099	1,334	297	1,084	1,752	2,256	1,652	932	960
EBITDA-CapEx	898	807	708	796	825	871	895	1,179	147	959	1,669	2,177	1,569	839	859
Operating Income (Loss)	953	772	786	880	893	938	1,041	1,211	917	915	1,572	2,082	1,555	911	938

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.1	0.08	0.07	0.07	0.05	0.08	0.09	0.06	0.04	0.04	0.02	0.01	0.02	0.01	0.02
Current Ratio	1.77	1.57	1.62	1.55	1.52	1.54	1.56	1.55	1.52	1.44	1.4	1.48	1.39	1.46	1.36
Quick Ratio	1.23	1.09	1.16	1.1	1.06	1.09	1.11	1.08	1.06	1.05	1	1.01	0.94	1.05	1.06
CFO/Avg Current Liab	0.03	0.15	0.09	0.12	0.11	0.06	0.02	0.03	0.1	0.16	0.04	- -	0.06	0.09	- -
Common Equity/Total Assets	37.33	36.93	34.66	33.4	31.81	31.07	30.07	29.94	29.34	29.84	27.04	25.49	26.72	26.48	22.64
Long-Term Debt/Equity (%)	52.45	39.81	53.2	49.72	56.75	60.38	58.69	60.25	54.25	40.74	42.02	56.72	36.64	47.57	46.33
Long-Term Debt/Capital (%)	34.2	26.73	34.59	33.14	35.96	37.16	35.39	36.55	33.68	28.33	28.17	33.92	22.24	30.97	31.66
Long-Term Debt/Total Assets (%)	19.61	14.72	18.46	16.63	18.28	18.98	17.82	18.21	16.1	12.3	11.49	14.63	9.91	12.75	10.61
Total Debt/Equity (%)	53.37	48.95	53.77	50.05	57.8	62.48	65.82	64.83	61.06	43.83	49.19	67.24	64.78	53.57	46.33
Total Debt/Capital (%)	34.8	32.86	34.97	33.35	36.63	38.45	39.7	39.33	37.91	30.47	32.97	40.2	39.31	34.88	31.66
Total Debt/Total Assets (%)	19.96	18.1	18.66	16.74	18.62	19.64	19.99	19.6	18.12	13.23	13.45	17.34	17.52	14.36	10.61
CFO/Total Liabilities	1.96	9.93	5.72	8.14	7.48	3.69	1.09	2.2	7.44	11.42	2.95	-0.2	4.45	7.1	0.29
CFO/CapEx	1.06	6.02	3.88	5.5	4.26	2.18	0.61	1.76	5.69	10.94	5.04	-0.42	8.47	12.19	0.63
Altman's Z-Score	3.81	3.34	3.25	3.32	3.89	3.72	3.52	3.55	3.6	3.49	3.63	3.5	2.94	2.58	2.06

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	4.98	4.34	3.99	3.85	3.82	3.64	3.57	3.48	3.32	3.24	3.39	3.17	2.7	2.21	1.88
Days Sales Outstanding	73.25	84.13	91.38	94.69	95.67	100.3	102.21	104.98	109.99	112.58	107.61	115.26	135.39	165.15	193.84
Inventory Turnover	9.52	8.8	8.8	8.78	8.43	7.64	7.53	7.23	6.97	7.53	8.08	6.78	5.51	4.98	5.59
Days Inventory Outstanding	38.33	41.49	41.48	41.56	43.28	47.74	48.45	50.45	52.4	48.45	45.15	53.82	66.21	73.33	65.25
Accounts Payable Turnover	5.35	5.05	4.52	4.18	3.99	3.78	3.77	3.69	3.44	3.38	3.55	3.33	2.81	2.29	1.95
Accounts Payable Turnover Days	68.17	72.29	80.82	87.22	91.53	96.54	96.72	98.9	106.23	108.12	102.72	109.69	129.98	159.56	186.92
Cash Conversion Cycle	43.4	53.33	52.04	49.03	47.43	51.5	53.94	56.54	56.17	52.91	50.04	59.39	71.62	78.92	72.16
Inventory to Cash Days	34.92	42.64	49.9	53.13	52.39	52.55	53.76	54.53	57.59	64.13	62.46	61.44	69.17	91.82	128.59
Inventories	1,964	2,053	2,167	2,335	2,466	2,856	3,303	3,879	3,477	3,287	4,202	5,319	5,187	4,710	5,082
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4,202	5,319	5,187	4,710	5,082
Other Inventory	1,964	2,053	2,167	2,335	2,466	2,856	3,303	3,879	3,477	3,287	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	4,183	4,037	5,422	5,551	4,926	6,339	7,051	5,874	6,832	7,282	9,139	6,196	6,578	5,902	5,627
- Cash & Cash Equivalents	397	410	391	400	273	534	730	509	300	374	222	177	218	189	306
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	6	4	5	5	52	52	49	51	54	60	59	65	72	70	74
+ Total Debt	1,962	1,952	2,250	2,081	2,425	2,790	3,290	3,485	2,972	2,257	2,627	3,773	3,808	3,124	3,085
Enterprise Value	5,754	5,583	7,286	7,237	7,130	8,648	9,660	8,901	9,558	9,225	11,603	9,857	10,240	8,907	8,479
Total Capital	5,637	5,939	6,435	6,240	6,619	7,256	8,288	8,862	7,838	7,406	7,968	9,384	9,685	8,955	9,744
Total Debt/Capital (%)	34.8	32.86	34.97	33.35	36.63	38.45	39.7	39.33	37.91	30.47	32.97	40.2	39.31	34.88	31.66
Total Debt / EV	0.34	0.35	0.31	0.29	0.34	0.32	0.34	0.39	0.31	0.24	0.23	0.38	0.37	0.35	0.36
EV/Sales	0.27	0.27	0.34	0.32	0.31	0.37	0.36	0.3	0.33	0.32	0.34	0.27	0.31	0.32	0.27
EV/EBITDA	5.68	6.07	8.83	7.88	7.27	8.35	8.79	6.67	32.13	8.51	6.62	4.37	6.2	9.56	8.83
EV/EBIT	6.33	6.94	10.51	9.49	8.65	9.86	10.21	7.76	88.75	10.31	7.45	4.77	6.96	11.59	10.31
EV/Cash Flow to Firm	28.87	7.47	13.76	9.55	9.41	18.37	40.27	20.09	- -	6.29	22.28	90.99	10.64	6.61	36.12
EV/Free Cash Flow to Firm	67.4	8.79	17.64	11.39	11.82	28.26	268.98	30.93	- -	6.88	26.5	334.18	11.65	7.1	63.52
Diluted Market Cap	4,337	4,230	5,626	5,786	5,184	6,562	7,218	6,098	7,082	7,651	9,853	6,844	6,973	6,086	5,757
Diluted Enterprise Value	5,908	5,776	7,490	7,472	7,388	8,870	9,827	9,126	9,807	9,594	12,317	10,505	10,634	9,091	8,610
EV per Share	51.46	52.67	72.9	75.47	78.42	97.26	110.16	104.49	118.55	123.26	170.46	166.36	190.29	170.72	166.04
TTM Sales	21,390	20,405	21,357	22,769	23,282	23,488	26,555	29,677	28,917	28,673	34,477	37,124	33,107	27,923	30,853
TTM EBITDA	1,012	919	825	918	980	1,036	1,099	1,334	297	1,084	1,752	2,256	1,652	932	960
TTM Operating Income	953	772	786	880	893	938	1,041	1,211	917	915	1,572	2,082	1,555	911	938
TTM Cash Flow to Firm	199	748	529	758	758	471	240	443	- -	1,466	521	108	962	1,347	235
TTM Free Cash Flow to Firm	85	635	413	635	603	306	36	288	- -	1,342	438	29	879	1,255	133

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	624.75	7.52	16.82	10.5	10.26	33.66	-90.92	51.96	10.01	6.19	29.33	-61.16	11.21	5.86	-154.75
EV/EBIT	6.33	6.94	10.51	9.49	8.65	9.86	10.21	7.76	88.75	10.31	7.45	4.77	6.96	11.59	10.31
Enterprise Value	5,754	5,583	7,286	7,237	7,130	8,648	9,660	8,901	9,558	9,225	11,603	9,857	10,240	8,907	8,479
Low Price	25.71	30.84	36.11	45.47	47.57	45.23	68.55	62.69	62.35	39.25	96.33	89.38	104.83	108.51	86.5
EV/Sales	0.27	0.27	0.34	0.32	0.31	0.37	0.36	0.3	0.33	0.32	0.34	0.27	0.31	0.32	0.27
EV/EBITDA	5.68	6.07	8.83	7.88	7.27	8.35	8.79	6.67	32.13	8.51	6.62	4.37	6.2	9.56	8.83
Price/Earnings	7.12	8.22	13.93	11.47	10.3	12.4	17.73	8.42	- -	12.98	8.78	4.75	7.63	15.37	9.99
Price/Earnings Average	7.06	8	11.28	11.33	11.06	10.87	16.94	9.31	- -	9.9	7.52	5.16	7.73	16.83	10.54
Price/Earnings High	9.04	9.36	14	12.64	12.35	12.73	18.64	10.66	- -	13.36	8.96	6.27	9.2	18.73	12.22
Price/Earnings Low	4.9	6.65	9.27	9.01	9.04	7.87	15.12	7.66	- -	5.24	6.3	4.06	6.54	14.75	7.84
Price/Book Value	1.14	1.01	1.3	1.34	1.19	1.44	1.42	1.1	1.42	1.43	1.73	1.12	1.13	1.02	0.85
Price/Book Value Average	1.13	0.99	1.05	1.32	1.28	1.26	1.36	1.22	1.26	1.09	1.48	1.21	1.15	1.12	0.9
Price/Book Value High	1.45	1.15	1.3	1.47	1.43	1.47	1.5	1.4	1.45	1.47	1.77	1.47	1.37	1.25	1.04
Price/Book Value Low	0.78	0.82	0.86	1.05	1.04	0.91	1.21	1	1.04	0.58	1.24	0.95	0.97	0.98	0.67
Price/Tangible Book Value	1.28	1.13	1.44	1.45	3.56	3.76	3.22	2.52	2.76	2.66	3.04	1.84	1.81	1.64	1.28
Price/Tangible Book Value Average	1.27	1.1	1.17	1.44	3.82	3.3	3.07	2.79	2.44	2.03	2.6	2	1.84	1.79	1.35
Price/Tangible Book Value High	1.62	1.29	1.45	1.6	4.27	3.86	3.38	3.19	2.82	2.74	3.1	2.43	2.19	1.99	1.57
Price/Tangible Book Value Low	0.88	0.92	0.96	1.14	3.12	2.39	2.74	2.29	2.03	1.07	2.18	1.58	1.56	1.57	1.01
Price/Sales	0.2	0.2	0.26	0.25	0.22	0.28	0.27	0.2	0.24	0.26	0.28	0.18	0.21	0.22	0.18
Price/Sales Average	0.2	0.2	0.21	0.25	0.24	0.24	0.26	0.22	0.22	0.2	0.24	0.2	0.21	0.24	0.2
Price/Sales High	0.25	0.23	0.26	0.28	0.26	0.28	0.28	0.26	0.25	0.27	0.29	0.24	0.25	0.26	0.23
Price/Sales Low	0.14	0.17	0.17	0.2	0.19	0.18	0.23	0.18	0.18	0.11	0.2	0.16	0.18	0.21	0.15
Price/Cash Flow	35.29	6.16	12.35	8.48	7.77	18.03	57.25	22.12	8.25	5.58	23.22	-204.98	9.77	5.33	89.12
Price/Cash Flow Average	34.97	6	10	8.38	8.34	15.81	54.7	24.46	7.32	4.26	19.88	-222.51	9.9	5.84	94.01
Price/Cash Flow High	44.81	7.02	12.41	9.35	9.31	18.5	60.18	27.99	8.44	5.74	23.7	-270.41	11.78	6.5	108.98
Price/Cash Flow Low	24.25	4.99	8.22	6.66	6.82	11.44	48.81	20.11	6.07	2.25	16.66	-175.2	8.37	5.11	69.96
Price/Free Cash Flow Average	619.17	7.32	13.62	10.38	11.02	29.5	-86.87	57.46	8.88	4.72	25.11	-66.39	11.36	6.42	-163.25
Price/Free Cash Flow High	793.25	8.56	16.9	11.57	12.31	34.53	-95.58	65.76	10.24	6.37	29.93	-80.68	13.51	7.14	-189.24
Price/Free Cash Flow Low	429.36	6.09	11.19	8.25	9.01	21.35	-77.51	47.25	7.37	2.5	21.04	-52.27	9.61	5.63	-121.49
EV/Sales Average	0.27	0.27	0.29	0.31	0.32	0.33	0.35	0.32	0.3	0.26	0.3	0.28	0.31	0.34	0.28
EV/Sales High	0.32	0.3	0.34	0.34	0.35	0.38	0.38	0.35	0.34	0.33	0.34	0.32	0.35	0.37	0.32
EV/Sales Low	0.21	0.24	0.26	0.27	0.28	0.27	0.32	0.28	0.27	0.17	0.26	0.24	0.28	0.31	0.24
EV/EBITDA Average	5.65	5.96	7.58	7.81	7.64	7.59	8.5	7.14	29.53	6.92	5.87	4.6	6.25	10.16	9.15
EV/EBITDA High	6.8	6.68	8.87	8.5	8.28	8.51	9.12	7.84	32.64	8.71	6.73	5.25	7.02	10.94	10.14
EV/EBITDA Low	4.39	5.24	6.64	6.58	6.66	6.11	7.84	6.27	26.06	4.5	5.15	3.97	5.63	9.3	7.57
EV/EBIT Average	6.29	6.81	9.02	9.41	9.09	8.97	9.88	8.3	81.57	8.38	6.61	5.02	7.02	12.32	10.69
EV/EBIT High	7.57	7.64	10.55	10.24	9.84	10.05	10.6	9.12	90.15	10.55	7.57	5.72	7.88	13.26	11.84
EV/EBIT Low	4.89	5.99	7.89	7.93	7.92	7.22	9.11	7.29	71.99	5.46	5.79	4.33	6.32	11.28	8.84
Last Price	37.41	38.08	54.25	57.89	54.18	71.3	80.41	68.95	84.74	97.3	134.27	104.57	122.25	113.12	110.18
High Price	47.5	43.39	54.53	63.78	64.98	73.15	84.53	87.26	86.62	100.14	137.02	137.95	147.42	137.8	134.74
Enterprise Value Average	5,717	5,478	6,254	7,170	7,493	7,865	9,346	9,523	8,785	7,497	10,288	10,387	10,331	9,466	8,789
Enterprise Value High	6,882	6,146	7,314	7,802	8,112	8,812	10,021	10,461	9,709	9,437	11,790	11,834	11,594	10,195	9,733
Enterprise Value Low	4,446	4,815	5,473	6,046	6,529	6,330	8,620	8,368	7,753	4,880	9,020	8,957	9,302	8,667	7,270

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	112	106	100	96	91	89	88	85	81	75	68	59	54	52	51
Diluted Weighted Avg Shares	116	111	104	100	96	92	90	88	84	79	73	65	57	54	52
Basic Weighted Avg Shares	114	109	103	99	95	91	89	87	84	78	72	65	56	53	52
Revenue per Share	187.59	186.79	208.24	230.74	246.09	258.22	299.44	339.26	346.03	367.64	475.73	572.57	587.43	524.07	595.57
EBITDA per Share	8.88	8.42	8.04	9.31	10.36	11.39	12.4	15.25	3.56	13.89	24.17	34.79	29.32	17.48	18.53
Operating Income per Share	8.35	7.07	7.67	8.92	9.44	10.31	11.74	13.85	10.97	11.73	21.69	32.11	27.59	17.11	18.11
Basic EPS, GAAP	5.25	4.64	3.89	5.05	5.26	5.75	4.54	8.19	-2.44	7.49	15.29	22.01	16.03	7.36	11.03
Basic EPS from Cont Ops	5.26	4.64	3.9	5.05	5.29	5.77	4.59	8.25	-2.4	7.52	15.32	22.13	16.14	7.39	11
Diluted EPS, GAAP	5.17	4.56	3.85	4.98	5.2	5.68	4.48	8.1	-2.44	7.43	15.1	21.8	15.84	7.29	10.93
Diluted EPS from Cont Ops	5.17	4.56	3.86	4.99	5.23	5.7	4.54	8.16	-2.4	7.46	15.13	21.93	15.94	7.31	10.9
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.06	6.18	4.39	6.82	6.98	3.95	1.4	3.12	10.27	17.44	5.78	-0.51	12.52	21.22	1.24
Free Cash Flow per Basic Share	0.06	5.15	3.26	5.58	5.34	2.14	-0.9	1.34	8.46	15.84	4.64	-1.73	11.04	19.48	-0.72
Cash & Equivalents per Share	3.55	3.86	3.91	4.17	3	6.01	8.33	5.98	3.72	4.99	3.26	2.99	4.05	3.62	6
Book Value per Share	32.81	37.58	41.83	43.32	45.56	49.64	56.44	62.51	59.69	68	77.61	93.61	107.89	110.43	128.94
Tangible Book Value per Share	29.3	33.67	37.57	39.82	15.22	18.94	25.01	27.32	30.75	36.61	44.18	56.7	67.41	69.18	85.91