The Hershey Company Financial Ratios — HSHY34 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 (%)	71.49	69.79	62.12	55.36	41.82	80.73	92.05	101.77	73.28	64.36	59.2	54.31	50.33	50.4	18.89
Return on Assets (%)	14.49	14.43	16.23	15.43	9.35	13.25	14.14	17.77	14.51	14.81	15.12	15.4	16.29	17.88	6.62
Return on Capital (%)	24.97	25.33	26.95	24.84	15.6	21.45	22.91	26.88	21.16	21.27	20.79	21.33	22.68	24.53	10.19
Return on Invested Capital (%)	24.86	25.25	26.52	24.53	16.41	22.51	23.3	27.68	21.92	22.92	22.25	23.5	24.92	26.83	10.18
Gross Margin (%)	41.64	43.04	45.91	44.95	45.79	42.6	45.98	45.89	45.36	45.42	45.13	43.18	44.76	47.32	33.55
EBITDA Margin (%)	20.9	19.88	21.54	21.61	17.36	20.93	20.96	24.63	23.63	25.49	26.29	25.34	26.7	29.94	16.64
Operating Margin (%)	17.34	17.4	18.99	19.37	19.13	17.18	20.89	21.83	21.49	22.21	22.82	21.72	22.94	26.13	12.5
Incremental Operating Margin (%)	15.96	18.09	39.98	29.44	69.76	- -	387.6	47.38	8.22	57.38	28.83	14.89	40.03	981.89	- -
Pretax Margin (%)	15.83	15.29	17.51	17.6	12.21	14.78	14.78	18.1	17.29	18.34	20.03	18.4	19.45	22.08	10.38
Profit Margin (%)	10.34	9.95	11.48	11.41	6.94	9.68	10.42	15.11	14.4	15.69	16.47	15.79	16.68	19.83	7.55
Net Income to Common Margin (%)	10.34	9.95	11.48	11.41	6.94	9.68	10.42	15.11	14.4	15.69	16.47	15.79	16.68	19.83	7.55
Effective Tax Rate (%)	34.68	34.92	34.43	35.15	43.12	34.51	31.88	16.95	16.95	14.69	17.49	14.2	14.28	10.21	27.26
Dvd Payout Ratio (%)	48.35	51.63	48	52	92.82	69.37	72.08	48.3	53.36	50.37	46.1	47.12	47.75	48.84	122.87
Sustainable Growth Rate (%)	36.93	33.76	32.3	26.57	3	24.73	25.7	52.61	34.18	31.94	31.91	28.72	26.29	25.79	-4.32

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	1,888	1,907	1,962	2,178	2,421	2,980	2,920	4,458	4,480	4,821	5,376	5,118	5,126	5,448	5,739
ST Debt	140	376	167	636	863	633	859	1,203	765	549	979	1,479	1,059	1,953	771
LT Debt	1,749	1,531	1,795	1,542	1,557	2,347	2,061	3,254	3,715	4,272	4,398	3,639	4,066	3,495	4,967
Total Debt/EBITDA	1.49	1.44	1.27	1.36	1.89	1.91	1.85	2.32	2.37	2.32	2.28	1.94	1.72	1.62	2.95
Net Debt/EBITDA	0.94	0.89	0.55	1.12	1.62	1.72	1.61	2.02	1.96	1.63	1.96	1.61	1.45	1.28	2.26
Total Debt/EBIT	1.79	1.72	1.47	1.56	2.33	2.37	2.22	2.75	2.81	2.7	2.63	2.26	2	1.88	3.98
Net Debt/EBIT	1.13	1.06	0.63	1.29	2	2.14	1.93	2.38	2.31	1.9	2.27	1.88	1.69	1.48	3.05
EBITDA to Interest Expense	13.41	13.41	16.82	18.31	15.84	16.93	15.74	13.07	12.41	13.54	18.17	18.84	18.45	19.24	8.65
EBITDA-CapEx/Interest Expense	13.16	13.41	16.82	18.31	15.84	16.93	15.74	13.07	12.41	13.54	18.17	18.84	18.45	19.24	8.33
EBIT to Interest Expense	11.12	11.74	14.83	16.41	17.45	13.9	15.69	11.58	11.28	11.8	15.77	16.15	15.86	16.79	6.5
Interest Expense	95	99	92	88	81	92	100	147	152	153	130	140	162	174	225
Common Equity/Total Assets	19.45	21.8	29.95	25.88	18.67	14.23	16.48	18.16	21.37	24.47	26.48	30.14	34.44	36.42	33.74
Long-Term Debt/Equity (%)	198.48	146.03	111.08	101.5	148.65	283.62	221.24	231.25	212.89	190.88	159.49	110.28	99.2	74.13	107.13
Long-Term Debt/Capital (%)	63.14	51.81	50.17	41.71	44.9	61.65	53.5	55.49	59.68	60.51	54.07	43.23	44.08	34.39	47.87
Long-Term Debt/Total Assets (%)	39.67	32.2	33.51	27.43	29.14	42.49	37.11	42.25	45.64	46.78	42.23	33.23	34.16	26.99	36.15
Total Debt/Equity (%)	214.34	181.89	121.41	143.32	231.08	360.06	313.5	316.76	256.73	215.43	194.98	155.11	125.04	115.55	123.76
Total Debt/Capital (%)	68.19	64.52	54.83	58.9	69.8	78.26	75.82	76.01	71.97	68.3	66.1	60.8	55.56	53.61	55.31
Total Debt/Total Assets (%)	42.84	40.1	36.62	38.73	45.29	53.95	52.59	57.87	55.03	52.79	51.63	46.74	43.06	42.08	41.76
Net Debt to Equity	135.59	112.42	52.2	118.65	198	324.18	272.69	274.97	211.67	151.16	168.07	128.93	105.77	91.15	94.97
Net Debt/Capital (%)	57.55	52.92	34.3	54.27	66.44	76.43	73.17	73.33	64.44	57.19	59.38	53.48	49.14	45.57	46.6
EBITDA	1,271	1,321	1,539	1,604	1,283	1,557	1,575	1,919	1,887	2,078	2,359	2,640	2,981	3,353	1,945
EBITDA-CapEx	1,247	1,321	1,539	1,604	1,283	1,557	1,575	1,919	1,887	2,078	2,359	2,640	2,981	3,353	1,872
Operating Income (Loss)	1,054	1,156	1,357	1,438	1,413	1,278	1,570	1,700	1,717	1,810	2,047	2,263	2,561	2,927	1,462

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	0.59	0.5	0.79	0.24	0.16	0.16	0.18	0.24	0.25	0.6	0.13	0.14	0.13	0.19	0.31
Current Ratio	1.74	1.44	1.77	1.16	0.83	0.95	0.96	0.93	1.05	1.57	0.9	0.8	0.97	0.96	1.19
Quick Ratio	0.93	0.81	1.13	0.55	0.43	0.46	0.47	0.49	0.53	0.93	0.4	0.36	0.41	0.39	0.55
CFO/Avg Current Liab	0.48	0.83	0.83	0.51	0.6	0.49	0.63	0.71	0.8	0.87	0.95	0.81	0.74	0.73	0.66
Common Equity/Total Assets	19.45	21.8	29.95	25.88	18.67	14.23	16.48	18.16	21.37	24.47	26.48	30.14	34.44	36.42	33.74
Long-Term Debt/Equity (%)	198.48	146.03	111.08	101.5	148.65	283.62	221.24	231.25	212.89	190.88	159.49	110.28	99.2	74.13	107.13
Long-Term Debt/Capital (%)	63.14	51.81	50.17	41.71	44.9	61.65	53.5	55.49	59.68	60.51	54.07	43.23	44.08	34.39	47.87
Long-Term Debt/Total Assets (%)	39.67	32.2	33.51	27.43	29.14	42.49	37.11	42.25	45.64	46.78	42.23	33.23	34.16	26.99	36.15
Total Debt/Equity (%)	214.34	181.89	121.41	143.32	231.08	360.06	313.5	316.76	256.73	215.43	194.98	155.11	125.04	115.55	123.76
Total Debt/Capital (%)	68.19	64.52	54.83	58.9	69.8	78.26	75.82	76.01	71.97	68.3	66.1	60.8	55.56	53.61	55.31
Total Debt/Total Assets (%)	42.84	40.1	36.62	38.73	45.29	53.95	52.59	57.87	55.03	52.79	51.63	46.74	43.06	42.08	41.76
CFO/Total Liabilities	16.67	29.54	31.84	20.58	29.24	21.58	27.03	25.41	27.58	24.65	27.21	30.43	29.77	30.75	25.01
CFO/CapEx	24.9	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	30.94
Altman's Z-Score	- -	- -	- -	- -	7.45	7.68	8.22	6.65	6.24	5.9	6.58	7.38	6.59	6.13	5.6

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	15.4	15.44	15.22	13.81	12.35	12.61	12.85	13.18	13.74	13.77	13.94	15.07	14.55	13.8	15.28
Days Sales Outstanding	23.7	23.65	23.99	26.43	29.55	28.96	28.4	27.7	26.57	26.51	26.17	24.22	25.09	26.46	23.88
Inventory Turnover	6	5.9	5.98	5.59	5.16	5.71	5.42	5.48	5.45	5	5.04	5.48	4.91	4.55	5.79
Days Inventory Outstanding	60.81	61.83	61.04	65.24	70.74	63.96	67.36	66.57	66.92	73	72.39	66.63	74.4	80.25	63.03
Accounts Payable Turnover	8.82	8.74	8.61	8.96	8.27	8.56	7.78	8.28	8.34	8.13	7.78	7.34	7.91	8.08	9.69
Accounts Payable Turnover Days	41.37	41.74	42.37	40.74	44.14	42.65	46.92	44.06	43.74	44.89	46.94	49.71	46.12	45.15	37.65
Cash Conversion Cycle	43.14	43.74	42.66	50.94	56.15	50.26	48.84	50.2	49.75	54.62	51.63	41.14	53.36	61.56	49.26
Inventory to Cash Days	-37.12	-38.19	-37.05	-38.81	-41.19	-35	-38.96	-38.87	-40.35	-46.5	-46.22	-42.41	-49.31	-53.8	-39.15
Inventories	649	633	660	801	751	746	753	785	815	964	989	1,173	1,341	1,254	1,429
Raw Materials	242	257	227	378	353	315	225	237	271	389	395	373	481	478	762
Work In Process	92	78	80	64	68	88	94	107	99	105	110	137	192	205	294
Finished Goods	482	497	518	532	535	529	615	619	615	646	649	855	949	991	1,075
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	- -	- -	- -	- -	19,579	21,964	24,393	16,088	30,879	31,039	39,186	47,470	37,349	34,930	37,283
- Cash & Cash Equivalents	694	728	1,119	375	347	297	380	588	493	1,144	329	464	402	731	926
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	24	12	11	64	49	42	16	9	6	4	- -	- -	- -	- -	- -
+ Total Debt	1,888	1,907	1,962	2,178	2,421	2,980	2,920	4,458	4,480	4,821	5,376	5,118	5,126	5,448	5,739
Enterprise Value	- -	- -	- -	- -	21,702	24,689	26,949	19,966	34,871	34,720	44,233	52,124	42,073	39,647	42,095
Total Capital	2,769	2,955	3,578	3,697	3,468	3,808	3,852	5,865	6,225	7,059	8,133	8,418	9,225	10,162	10,375
Total Debt/Capital (%)	68.19	64.52	54.83	58.9	69.8	78.26	75.82	76.01	71.97	68.3	66.1	60.8	55.56	53.61	55.31
Total Debt / EV	- -	- -	- -	- -	0.11	0.12	0.11	0.22	0.13	0.14	0.12	0.1	0.12	0.14	0.14
EV/Sales	- -	- -	- -	- -	2.94	3.32	3.59	2.56	4.37	4.26	4.93	5	3.77	3.54	3.6
EV/EBITDA	- -	- -	- -	- -	16.92	15.86	17.11	10.41	18.47	16.71	18.75	19.75	14.12	11.82	21.64
EV/EBIT	- -	- -	- -	- -	20.91	19.67	20.52	12.3	21.85	19.48	21.64	23.06	16.43	13.68	29.2
EV/Cash Flow to Firm	- -	- -	- -	- -	16.66	23	20.45	11.59	18.45	18.97	20.2	21.29	17.09	14.75	17.25
EV/Free Cash Flow to Firm	- -	- -	- -	- -	16.66	23	20.45	11.59	18.45	18.97	20.2	21.29	17.09	14.75	17.78
Diluted Market Cap	- -	- -	- -	- -	19,929	22,279	24,726	22,763	40,119	40,251	39,499	47,843	37,560	35,121	37,382
Diluted Enterprise Value	- -	- -	- -	- -	22,052	25,004	27,282	26,641	44,111	43,932	44,546	52,497	42,284	39,838	42,195
EV per Share	- -	- -	- -	- -	6.69	7.77	8.54	8.95	11.16	11.14	14.34	16.99	13.75	13.09	13.87
TTM Sales	6,081	6,644	7,146	7,422	7,387	7,440	7,515	7,791	7,986	8,150	8,971	10,419	11,165	11,202	11,693
TTM EBITDA	1,271	1,321	1,539	1,604	1,283	1,557	1,575	1,919	1,887	2,078	2,359	2,640	2,981	3,353	1,945
TTM Operating Income	1,054	1,156	1,357	1,438	1,413	1,278	1,570	1,700	1,717	1,810	2,047	2,263	2,561	2,927	1,462
TTM Cash Flow to Firm	650	1,159	1,251	901	1,302	1,074	1,318	1,722	1,890	1,831	2,190	2,448	2,462	2,688	2,441
TTM Free Cash Flow to Firm	626	1,159	1,251	901	1,302	1,074	1,318	1,722	1,890	1,831	2,190	2,448	2,462	2,688	2,367

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	- -	- -	- -	- -	15.86	21.98	19.79	14.23	22.74	23.68	18.96	20.55	16.17	13.87	16.96
EV/EBIT	- -	- -	- -	- -	20.91	19.67	20.52	12.3	21.85	19.48	21.64	23.06	16.43	13.68	29.2
Enterprise Value	- -	- -	- -	- -	21,702	24,689	26,949	19,966	34,871	34,720	44,233	52,124	42,073	39,647	42,095
Low Price	- -	- -	- -	- -	5.57	5.56	6.93	6.08	7.06	9.49	9.42	13.04	11.99	11.37	9.69
EV/Sales	- -	- -	- -	- -	2.94	3.32	3.59	2.56	4.37	4.26	4.93	5	3.77	3.54	3.6
EV/EBITDA	- -	- -	- -	- -	16.92	15.86	17.11	10.41	18.47	16.71	18.75	19.75	14.12	11.82	21.64
Price/Earnings	- -	- -	- -	- -	38.58	30.77	31.36	19.24	26.94	24.3	26.6	28.94	20.09	15.77	42.22
Price/Earnings Average	- -	- -	- -	- -	37.92	28.77	29.42	18.13	26.29	24.06	23.83	27.14	23.69	17.3	39.21
Price/Earnings High	- -	- -	- -	- -	40.31	33.98	31.5	20.35	29.13	24.92	26.6	31.4	32.53	19.23	44.37
Price/Earnings Low	- -	- -	- -	- -	35.63	24.73	28.12	16.22	19.24	23.16	19.73	24.39	19.74	15.55	33.3
Price/Book Value	- -	- -	- -	- -	19.62	27.95	26.65	11.5	17.75	13.89	14.21	14.39	9.11	7.41	8.04
Price/Book Value Average	- -	- -	- -	- -	19.28	26.13	25	10.84	17.33	13.75	12.73	13.49	10.74	8.13	7.47
Price/Book Value High	- -	- -	- -	- -	20.5	30.86	26.77	12.17	19.2	14.25	14.21	15.61	14.75	9.03	8.45
Price/Book Value Low	- -	- -	- -	- -	18.12	22.46	23.9	9.69	12.68	13.24	10.54	12.12	8.95	7.31	6.34
Price/Tangible Book Value	- -	- -	- -	- -	-146.59	-35.74	-64.23	-8.9	-17.73	-25.1	-18.02	-29.79	-44.65	-150.53	-31.43
Price/Tangible Book Value Average	- -	- -	- -	- -	-144.1	-33.41	-60.27	-8.39	-17.3	-24.85	-16.14	-27.93	-52.64	-165.09	-29.19
Price/Tangible Book Value High	- -	- -	- -	- -	-153.18	-39.47	-64.53	-9.42	-19.17	-25.74	-18.02	-32.31	-72.29	-183.54	-33.03
Price/Tangible Book Value Low	- -	- -	- -	- -	-135.41	-28.73	-57.61	-7.5	-12.66	-23.92	-13.37	-25.1	-43.87	-148.42	-24.79
Price/Sales	- -	- -	- -	- -	2.68	2.98	3.27	2.91	3.88	3.81	4.38	4.57	3.35	3.13	3.19
Price/Sales Average	- -	- -	- -	- -	2.63	2.78	3.07	2.74	3.79	3.78	3.92	4.28	3.95	3.43	2.96
Price/Sales High	- -	- -	- -	- -	2.8	3.29	3.28	3.08	4.19	3.91	4.38	4.96	5.42	3.81	3.35
Price/Sales Low	- -	- -	- -	- -	2.47	2.39	2.93	2.45	2.77	3.63	3.25	3.85	3.29	3.08	2.52
Price/Cash Flow	- -	- -	- -	- -	15.75	21.87	19.65	14.16	17.56	18.28	18.87	20.45	16.1	13.84	16.38
Price/Cash Flow Average	- -	- -	- -	- -	15.48	20.44	18.44	13.35	17.14	18.1	16.9	19.18	18.99	15.18	15.21
Price/Cash Flow High	- -	- -	- -	- -	16.46	24.14	19.74	14.98	18.99	18.75	18.87	22.19	26.07	16.87	17.21
Price/Cash Flow Low	- -	- -	- -	- -	14.55	17.57	17.62	11.93	12.54	17.43	14	17.23	15.82	13.64	12.91
Price/Free Cash Flow Average	- -	- -	- -	- -	15.59	20.55	18.57	13.41	22.2	23.45	16.99	19.28	19.06	15.22	15.75
Price/Free Cash Flow High	- -	- -	- -	- -	16.58	24.28	19.88	15.05	24.59	24.29	18.96	22.3	26.17	16.92	17.82
Price/Free Cash Flow Low	- -	- -	- -	- -	14.65	17.67	17.75	11.99	16.24	22.57	14.06	17.32	15.88	13.68	13.38
EV/Sales Average	- -	- -	- -	- -	2.89	3.13	3.39	2.44	4.27	4.22	4.48	4.72	4.37	3.84	3.37
EV/Sales High	- -	- -	- -	- -	3.06	3.63	3.6	2.68	4.68	4.36	4.93	5.39	5.84	4.22	3.76
EV/Sales Low	- -	- -	- -	- -	2.74	2.74	3.25	2.24	3.26	4.08	3.8	4.29	3.71	3.5	2.93
EV/EBITDA Average	- -	- -	- -	- -	16.66	14.94	16.15	9.92	18.08	16.56	17.02	18.63	16.36	12.83	20.27
EV/EBITDA High	- -	- -	- -	- -	17.61	17.33	17.18	10.89	19.8	17.09	18.75	21.27	21.87	14.11	22.61
EV/EBITDA Low	- -	- -	- -	- -	15.76	13.09	15.51	9.09	13.8	16.01	14.46	16.92	13.89	11.68	17.59
EV/EBIT Average	- -	- -	- -	- -	20.59	18.53	19.37	11.73	21.39	19.3	19.64	21.75	19.04	14.85	27.36
EV/EBIT High	- -	- -	- -	- -	21.76	21.49	20.6	12.87	23.42	19.92	21.64	24.84	25.46	16.32	30.52
EV/EBIT Low	- -	- -	- -	- -	19.47	16.24	18.6	10.74	16.32	18.66	16.69	19.75	16.17	13.51	23.73
Last Price	- -	- -	- -	- -	6.03	6.91	7.73	7.21	9.88	9.96	12.7	15.48	12.21	11.53	12.28
High Price	- -	- -	- -	- -	6.31	7.64	7.77	7.62	10.68	10.21	12.7	16.79	19.77	14.06	12.91
Enterprise Value Average	- -	- -	- -	- -	21,370	23,258	25,444	19,041	34,132	34,414	40,148	49,174	48,755	43,027	39,437
Enterprise Value High	- -	- -	- -	- -	22,583	26,979	27,061	20,894	37,381	35,512	44,233	56,154	65,191	47,307	43,989
Enterprise Value Low	- -	- -	- -	- -	20,209	20,379	24,433	17,437	26,041	33,268	34,109	44,655	41,413	39,157	34,214

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	3,370	3,349	3,351	3,308	3,244	3,177	3,156	2,232	3,125	3,116	3,085	3,067	3,059	3,029	3,036
Diluted Weighted Avg Shares	3,441	3,417	3,400	3,365	3,302	3,222	3,199	3,158	4,060	4,041	3,109	3,092	3,076	3,045	3,044
Basic Weighted Avg Shares	3,391	3,368	3,355	3,331	3,279	3,205	3,176	3,143	3,135	3,120	3,094	3,076	3,064	3,037	3,036
Revenue per Share	1.79	1.97	2.13	2.23	2.25	2.32	2.37	2.48	2.55	2.61	2.9	3.39	3.64	3.69	3.85
EBITDA per Share	0.37	0.39	0.46	0.48	0.39	0.49	0.5	0.61	0.6	0.67	0.76	0.86	0.97	1.1	0.64
Operating Income per Share	0.31	0.34	0.4	0.43	0.43	0.4	0.49	0.54	0.55	0.58	0.66	0.74	0.84	0.96	0.48
Basic EPS, GAAP	0.19	0.2	0.24	0.25	0.16	0.22	0.25	0.37	0.37	0.41	0.48	0.53	0.61	0.73	0.29
Basic EPS from Cont Ops	0.19	0.2	0.24	0.25	0.16	0.22	0.24	0.37	0.37	0.41	0.48	0.53	0.61	0.73	0.29
Diluted EPS, GAAP	0.18	0.19	0.24	0.25	0.16	0.22	0.24	0.37	0.28	0.32	0.48	0.53	0.61	0.73	0.29
Diluted EPS from Cont Ops	0.18	0.19	0.24	0.25	0.16	0.22	0.24	0.37	0.28	0.32	0.48	0.53	0.61	0.73	0.29
Dividend per Share	0.09	0.1	0.12	0.13	0.15	0.16	0.17	0.18	0.19	0.21	0.22	0.25	0.29	0.36	0.36
Cash Flow per Share	0.17	0.33	0.36	0.25	0.38	0.32	0.39	0.51	0.56	0.54	0.67	0.76	0.76	0.83	0.75
Free Cash Flow per Basic Share	0.17	0.33	0.36	0.25	0.38	0.32	0.39	0.51	0.56	0.54	0.67	0.76	0.76	0.83	0.73
Cash & Equivalents per Share	0.21	0.22	0.33	0.14	0.11	0.09	0.12	0.26	0.16	0.37	0.11	0.15	0.13	0.24	0.3
Book Value per Share	0.25	0.31	0.48	0.44	0.31	0.25	0.29	0.63	0.56	0.72	0.89	1.08	1.34	1.56	1.53
Tangible Book Value per Share	0.07	0.07	0.23	0.09	-0.04	-0.19	-0.12	-0.81	-0.56	-0.4	-0.7	-0.52	-0.27	-0.08	-0.39