Philip Morris International Inc Financial Ratios — PHMO34

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 (%)	460.03	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	24.36	24.06	22.62	20.43	19.88	19.68	15.12	19.12	17.38	18.37	21.16	17.57	12.31	11.11	17.33
Return on Capital (%)	42.76	44.35	42.85	41.14	42.71	42.39	30.18	36.32	34.16	38.2	44.86	32.58	22.7	21.37	31.64
Return on Invested Capital (%)	35.07	35.86	33.55	30.69	31.78	32.48	24.81	30.84	29.55	32.38	36.71	27.41	19.43	22.17	25.56
Gross Margin (%)	65.66	66.94	66.65	64.94	65.05	64.81	63.71	63.69	64.73	66.65	68.06	64.1	63.35	64.81	67.12
EBITDA Margin (%)	46.1	47.04	46.12	42.3	42.46	43.64	43.33	41.74	38.57	44.08	44.49	41.95	36.83	40.1	41.55
Operating Margin (%)	43.25	44.45	44.28	41.11	39.9	40.86	40.28	38.4	35.33	40.66	41.32	38.56	34.74	35.38	36.74
Incremental Operating Margin (%)	56.67	176.79	76.25	109.45	52	- -	32.86	- -	- -	- -	48.21	- -	- -	43.68	55.27
Pretax Margin (%)	40.33	41.44	40.18	35.78	35.88	37.19	36.83	36.02	33.12	38.17	38.95	36.63	29.71	32.21	34.15
Profit Margin (%)	27.63	28.05	27.47	25.17	25.65	26.11	20.99	26.7	24.11	28.08	29	28.49	22.21	18.63	27.92
Net Income to Common Margin (%)	27.63	28.05	27.47	25.17	25.65	26.11	20.99	26.7	24.11	28.08	29	28.49	22.21	18.63	27.92
Effective Tax Rate (%)	29.13	29.48	29.26	29.08	27.96	27.89	40.67	22.91	23.23	21.7	21.84	19.29	22.38	24.73	19.72
Dvd Payout Ratio (%)	52.23	56.84	62.69	77.14	86.91	84.67	98.09	79.49	86.58	80.67	73.51	78.07	91.3	79.85	69.84
Sustainable Growth Rate (%)	219.75	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	18,545	22,839	27,678	29,455	28,480	29,067	34,339	31,759	31,045	31,536	27,806	43,123	47,909	45,695	48,835
ST Debt	3,717	5,200	3,655	2,526	3,230	3,216	3,005	4,784	4,389	3,368	3,023	8,248	6,666	3,529	3,701
LT Debt	14,828	17,639	24,023	26,929	25,250	25,851	31,334	26,975	26,656	28,168	24,783	34,875	41,243	42,166	45,134
Total Debt/EBITDA	1.29	1.55	1.92	2.34	2.5	2.5	2.76	2.57	2.7	2.49	1.99	3.24	3.7	3.01	2.89
Net Debt/EBITDA	1.12	1.35	1.77	2.21	2.2	2.13	2.08	2.04	2.1	1.92	1.67	3	3.46	2.73	2.6
Total Debt/EBIT	1.39	1.65	2.05	2.52	2.68	2.67	2.97	2.79	2.95	2.7	2.14	3.52	4.15	3.41	3.28
Net Debt/EBIT	1.2	1.43	1.89	2.37	2.36	2.28	2.24	2.21	2.3	2.08	1.8	3.26	3.88	3.09	2.95
EBITDA to Interest Expense	15.35	14.66	13.04	10.76	10.05	10.89	11.36	14.46	14.44	17.38	18.96	17.35	8.49	8.62	10.64
EBITDA-CapEx/Interest Expense	15.35	14.66	13.04	10.76	10.05	10.89	11.36	14.46	14.44	17.38	18.96	17.35	8.49	8.62	10.64
EBIT to Interest Expense	14.4	13.85	12.52	10.46	9.44	10.2	10.57	13.31	13.23	16.03	17.61	15.95	8.01	7.6	9.41
Interest Expense	934	1,007	1,104	1,170	1,132	1,069	1,096	855	796	728	737	768	1,526	1,763	1,587
Common Equity/Total Assets	0.65	-9.23	-20.35	-35.89	-39	-34.43	-28.13	-31.3	-27	-28.04	-24.48	-14.52	-17.19	-19.02	-14.45
Long-Term Debt/Equity (%)	841.07	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	73.02	84.05	112.24	147.54	148.49	142.3	129.97	128.33	124.29	134.74	126.46	94.74	107.23	117.7	110.6
Long-Term Debt/Total Assets (%)	41.78	46.83	62.94	76.53	74.36	70.15	72.92	67.77	62.17	62.85	60.02	56.54	63.16	68.25	65.24
Total Debt/Equity (%)	1,051.9	-1,232.54	-441.15	-262.92	-248.17	-266.67	-335.67	-295.74	-323.42	-296.64	-338.77	-683.3	-507.19	-462.97	-608.31
Total Debt/Capital (%)	91.32	108.83	129.31	161.38	167.49	160	142.43	151.09	144.76	150.85	141.88	117.14	124.56	127.55	119.67
Total Debt/Total Assets (%)	52.26	60.63	72.52	83.71	83.87	78.88	79.92	79.79	72.41	70.37	67.34	69.91	73.36	73.96	70.59
Net Debt to Equity	907.26	-1,071.56	-406.82	-247.91	-218.39	-227.78	-253.1	-234.34	-251.94	-228.16	-283.99	-632.48	-474.79	-420.25	-547.62
Net Debt/Capital (%)	90.07	110.29	132.59	167.61	184.46	178.26	165.32	174.44	165.81	178.03	154.35	118.78	126.68	131.23	122.34
EBITDA	14,335	14,761	14,397	12,591	11,377	11,646	12,456	12,366	11,495	12,649	13,973	13,323	12,954	15,189	16,888
EBITDA-CapEx	14,335	14,761	14,397	12,591	11,377	11,646	12,456	12,366	11,495	12,649	13,973	13,323	12,954	15,189	16,888
Operating Income (Loss)	13,451	13,946	13,824	12,237	10,691	10,903	11,581	11,377	10,531	11,668	12,975	12,246	12,221	13,402	14,933

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	0.17	0.18	0.13	0.11	0.22	0.26	0.53	0.38	0.36	0.37	0.23	0.12	0.12	0.18	0.19
Current Ratio	1	0.97	0.99	1.02	1.03	1.07	1.35	1.13	1.09	1.1	0.92	0.72	0.75	0.88	0.96
Quick Ratio	0.39	0.39	0.35	0.38	0.4	0.47	0.76	0.59	0.56	0.56	0.44	0.29	0.28	0.39	0.42
CFO/Avg Current Liab	0.76	0.59	0.59	0.48	0.52	0.51	0.55	0.57	0.56	0.51	0.62	0.46	0.34	0.5	0.51
Common Equity/Total Assets	0.65	-9.23	-20.35	-35.89	-39	-34.43	-28.13	-31.3	-27	-28.04	-24.48	-14.52	-17.19	-19.02	-14.45
Long-Term Debt/Equity (%)	841.07	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	73.02	84.05	112.24	147.54	148.49	142.3	129.97	128.33	124.29	134.74	126.46	94.74	107.23	117.7	110.6
Long-Term Debt/Total Assets (%)	41.78	46.83	62.94	76.53	74.36	70.15	72.92	67.77	62.17	62.85	60.02	56.54	63.16	68.25	65.24
Total Debt/Equity (%)	1,051.9	-1,232.54	-441.15	-262.92	-248.17	-266.67	-335.67	-295.74	-323.42	-296.64	-338.77	-683.3	-507.19	-462.97	-608.31
Total Debt/Capital (%)	91.32	108.83	129.31	161.38	167.49	160	142.43	151.09	144.76	150.85	141.88	117.14	124.56	127.55	119.67
Total Debt/Total Assets (%)	52.26	60.63	72.52	83.71	83.87	78.88	79.92	79.79	72.41	70.37	67.34	69.91	73.36	73.96	70.59
CFO/Total Liabilities	31.22	23.84	22.81	16.68	17.31	16.91	16.75	18.75	19.23	17.7	24.18	15.89	12.31	17.05	15.84
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	8.05	- -	- -	- -	- -	- -	4.66	4.44	5.46	4.51	4.13	5.21	5.3

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	9.93	9.24	8.39	7.58	7.9	8.5	8.59	9.64	9.89	9.59	10.42	9.11	9.62	10.45	9.72
Days Sales Outstanding	36.77	39.49	43.51	48.17	46.19	42.93	42.49	37.85	36.92	38.07	35.03	40.07	37.93	34.93	37.54
Inventory Turnover	1.3	1.22	1.11	1.13	1.1	1.07	1.17	1.22	1.17	1.02	1.1	1.23	1.25	1.32	1.28
Days Inventory Outstanding	280.93	300.31	329.5	322.44	332.55	339.89	311.8	298.74	313.15	359.05	333.18	297.81	292.44	276.95	285.79
Accounts Payable Turnover	11.23	10.5	9.51	7.3	7.31	6.72	5.23	4.99	5.01	3.91	3	3.39	3.35	2.97	3.68
Accounts Payable Turnover Days	32.49	34.77	38.37	50.01	49.96	54.28	69.78	73.13	72.82	93.39	121.77	107.56	108.84	123.03	99.12
Cash Conversion Cycle	285.21	305.03	334.64	320.6	328.79	328.54	284.51	263.46	277.25	303.72	246.44	230.32	221.53	188.85	224.21
Inventory to Cash Days	-244.15	-260.81	-285.99	-274.26	-286.36	-296.96	-269.31	-260.89	-276.22	-320.98	-298.15	-257.74	-254.51	-242.02	-248.25
Inventories	8,120	8,949	9,846	8,592	8,473	9,017	8,806	8,804	9,235	9,591	8,720	9,886	10,774	9,453	11,478
Raw Materials	4,648	5,158	5,305	4,831	4,253	4,067	4,169	3,723	3,648	3,775	3,294	3,702	4,235	4,341	4,648
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	3,472	3,791	4,541	3,761	4,220	4,950	4,637	5,081	5,587	5,816	5,426	6,184	6,539	5,112	6,830
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	- -	- -	268,128	- -	- -	- -	- -	- -	132,405	124,669	142,755	154,431	142,789	182,320	248,456
- Cash & Cash Equivalents	2,550	2,983	2,154	1,682	3,417	4,239	8,447	6,593	6,861	7,280	4,496	3,207	3,060	4,216	4,872
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	1,534	1,623	1,492	1,426	1,768	1,788	1,856	1,720	1,978	1,936	1,898	2,646	1,779	1,880	1,966
+ Total Debt	18,545	22,839	27,678	29,455	28,480	29,067	34,339	31,759	31,045	31,536	27,806	43,123	47,909	45,695	48,835
Enterprise Value	- -	- -	295,144	- -	- -	- -	- -	- -	158,567	150,861	167,963	196,993	189,417	225,679	294,385
Total Capital	20,308	20,986	21,404	18,252	17,004	18,167	24,109	21,020	21,446	20,905	19,598	36,812	38,463	35,825	40,807
Total Debt/Capital (%)	91.32	108.83	129.31	161.38	167.49	160	142.43	151.09	144.76	150.85	141.88	117.14	124.56	127.55	119.67
Total Debt / EV	- -	- -	0.09	- -	- -	- -	- -	- -	0.2	0.21	0.17	0.22	0.25	0.2	0.17
EV/Sales	- -	- -	9.45	- -	- -	- -	- -	- -	5.32	5.26	5.35	6.2	5.39	5.96	7.24
EV/EBITDA	- -	- -	20.5	- -	- -	- -	- -	- -	13.79	11.93	12.02	14.79	14.62	14.86	17.43
EV/EBIT	- -	- -	21.84	- -	- -	- -	- -	- -	15.06	12.93	12.95	16.09	16.39	16.84	19.77
EV/Cash Flow to Firm	- -	- -	27.04	- -	- -	- -	- -	- -	14.82	14.53	13.39	17.25	18.23	16.66	21.79
EV/Free Cash Flow to Firm	- -	- -	27.04	- -	- -	- -	- -	- -	14.82	14.53	13.39	17.25	18.23	16.66	21.79
Diluted Market Cap	- -	- -	273,696	- -	- -	- -	- -	- -	132,414	124,719	143,568	154,608	142,842	182,455	248,670
Diluted Enterprise Value	- -	- -	300,712	- -	- -	- -	- -	- -	158,576	150,911	168,776	197,170	189,470	225,814	294,599
EV per Share	- -	- -	11.82	- -	- -	- -	- -	- -	6.49	6.17	6.9	8.09	7.77	9.24	12.04
TTM Sales	31,097	31,377	31,217	29,767	26,794	26,685	28,748	29,625	29,805	28,694	31,405	31,762	35,174	37,878	40,648
TTM EBITDA	14,335	14,761	14,397	12,591	11,377	11,646	12,456	12,366	11,495	12,649	13,973	13,323	12,954	15,189	16,888
TTM Operating Income	13,451	13,946	13,824	12,237	10,691	10,903	11,581	11,377	10,531	11,668	12,975	12,246	12,221	13,402	14,933
TTM Cash Flow to Firm	11,191	10,131	10,916	8,569	8,681	8,848	9,562	10,137	10,701	10,382	12,543	11,423	10,388	13,544	13,507
TTM Free Cash Flow to Firm	11,191	10,131	10,916	8,569	8,681	8,848	9,562	10,137	10,701	10,382	12,543	11,423	10,388	13,544	13,507

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	- -	- -	27	- -	- -	- -	- -	- -	13.12	12.71	12	14.31	15.52	14.93	20.33
EV/EBIT	- -	- -	21.84	- -	- -	- -	- -	- -	15.06	12.93	12.95	16.09	16.39	16.84	19.77
Enterprise Value	- -	- -	295,144	- -	- -	- -	- -	- -	158,567	150,861	167,963	196,993	189,417	225,679	294,385
Low Price	- -	- -	10.47	- -	- -	- -	- -	- -	4.55	3.91	4.94	4.91	5.44	5.43	7.07
EV/Sales	- -	- -	9.45	- -	- -	- -	- -	- -	5.32	5.26	5.35	6.2	5.39	5.96	7.24
EV/EBITDA	- -	- -	20.5	- -	- -	- -	- -	- -	13.79	11.93	12.02	14.79	14.62	14.86	17.43
Price/Earnings	- -	- -	31.91	- -	- -	- -	- -	- -	18.42	15.47	15.75	17.07	18.27	25.82	21.88
Price/Earnings Average	- -	- -	32.16	- -	- -	- -	- -	- -	17.35	14.87	15.7	16.46	18.77	24.02	21.49
Price/Earnings High	- -	- -	33.45	- -	- -	- -	- -	- -	18.42	16.93	17.86	19.82	21.29	29.11	25.24
Price/Earnings Low	- -	- -	31.11	- -	- -	- -	- -	- -	15.46	11.88	13.28	13.21	16.97	18.78	15.22
Price/Book Value	- -	- -	-34.53	- -	- -	- -	- -	- -	-11.44	-9.92	-14.13	-17.24	-12.72	-15.52	-24.86
Price/Book Value Average	- -	- -	-34.79	- -	- -	- -	- -	- -	-10.77	-9.53	-14.08	-16.63	-13.06	-14.44	-24.41
Price/Book Value High	- -	- -	-36.19	- -	- -	- -	- -	- -	-11.44	-10.85	-16.02	-20.02	-14.82	-17.49	-28.67
Price/Book Value Low	- -	- -	-33.65	- -	- -	- -	- -	- -	-9.6	-7.61	-11.91	-13.35	-11.81	-11.29	-17.29
Price/Tangible Book Value	- -	- -	-13.51	- -	- -	- -	- -	- -	-6.77	-6.07	-7.28	-4.37	-3.77	-4.6	-6.51
Price/Tangible Book Value Average	- -	- -	-13.61	- -	- -	- -	- -	- -	-6.38	-5.83	-7.26	-4.21	-3.87	-4.27	-6.4
Price/Tangible Book Value High	- -	- -	-14.16	- -	- -	- -	- -	- -	-6.77	-6.64	-8.26	-5.07	-4.39	-5.18	-7.51
Price/Tangible Book Value Low	- -	- -	-13.16	- -	- -	- -	- -	- -	-5.69	-4.66	-6.14	-3.38	-3.5	-3.34	-4.53
Price/Sales	- -	- -	8.77	- -	- -	- -	- -	- -	4.44	4.34	4.57	4.86	4.06	4.81	6.11
Price/Sales Average	- -	- -	8.83	- -	- -	- -	- -	- -	4.18	4.17	4.55	4.69	4.17	4.48	6
Price/Sales High	- -	- -	9.19	- -	- -	- -	- -	- -	4.44	4.75	5.18	5.64	4.73	5.42	7.05
Price/Sales Low	- -	- -	8.55	- -	- -	- -	- -	- -	3.73	3.33	3.85	3.76	3.77	3.5	4.25
Price/Cash Flow	- -	- -	27	- -	- -	- -	- -	- -	13.11	12.7	11.99	14.29	15.51	14.92	20.3
Price/Cash Flow Average	- -	- -	27.21	- -	- -	- -	- -	- -	12.35	12.21	11.95	13.79	15.93	13.88	19.93
Price/Cash Flow High	- -	- -	28.31	- -	- -	- -	- -	- -	13.11	13.9	13.59	16.6	18.07	16.81	23.41
Price/Cash Flow Low	- -	- -	26.32	- -	- -	- -	- -	- -	11.01	9.75	10.11	11.07	14.4	10.85	14.12
Price/Free Cash Flow Average	- -	- -	27.21	- -	- -	- -	- -	- -	12.36	12.22	11.96	13.81	15.94	13.89	19.96
Price/Free Cash Flow High	- -	- -	28.31	- -	- -	- -	- -	- -	13.12	13.91	13.6	16.62	18.09	16.83	23.44
Price/Free Cash Flow Low	- -	- -	26.32	- -	- -	- -	- -	- -	11.02	9.76	10.11	11.08	14.41	10.86	14.14
EV/Sales Average	- -	- -	9.52	- -	- -	- -	- -	- -	5.06	5.09	5.33	6.03	5.5	5.62	7.13
EV/Sales High	- -	- -	9.87	- -	- -	- -	- -	- -	5.32	5.67	5.96	6.99	6.06	6.57	8.18
EV/Sales Low	- -	- -	9.24	- -	- -	- -	- -	- -	4.61	4.25	4.63	5.11	5.1	4.65	5.38
EV/EBITDA Average	- -	- -	20.64	- -	- -	- -	- -	- -	13.13	11.54	11.99	14.38	14.92	14.02	17.16
EV/EBITDA High	- -	- -	21.4	- -	- -	- -	- -	- -	13.79	12.85	13.39	16.65	16.44	16.39	19.68
EV/EBITDA Low	- -	- -	20.03	- -	- -	- -	- -	- -	11.94	9.64	10.42	12.17	13.84	11.59	12.95
EV/EBIT Average	- -	- -	21.99	- -	- -	- -	- -	- -	14.33	12.51	12.91	15.64	16.73	15.89	19.46
EV/EBIT High	- -	- -	22.8	- -	- -	- -	- -	- -	15.06	13.94	14.42	18.12	18.43	18.57	22.32
EV/EBIT Low	- -	- -	21.34	- -	- -	- -	- -	- -	13.04	10.45	11.22	13.24	15.51	13.13	14.69
Last Price	- -	- -	10.74	- -	- -	- -	- -	- -	5.42	5.09	5.86	6.34	5.85	7.46	10.16
High Price	- -	- -	11.26	- -	- -	- -	- -	- -	5.42	5.57	6.64	7.36	6.82	8.41	11.71
Enterprise Value Average	- -	- -	297,192	- -	- -	- -	- -	- -	150,874	146,010	167,491	191,534	193,282	212,972	289,863
Enterprise Value High	- -	- -	308,076	- -	- -	- -	- -	- -	158,567	162,599	187,059	221,883	213,028	248,872	332,419
Enterprise Value Low	- -	- -	288,355	- -	- -	- -	- -	- -	137,299	121,887	145,554	162,147	179,225	175,977	218,737

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	27,118	25,982	24,967	24,306	24,344	24,376	24,405	24,426	24,447	24,470	24,357	24,358	24,392	24,430	24,459
Diluted Weighted Avg Shares	27,118	26,586	25,486	24,606	24,339	24,370	24,401	24,433	24,449	24,480	24,496	24,386	24,401	24,449	24,480
Basic Weighted Avg Shares	27,118	26,586	25,486	24,606	24,339	24,370	24,386	24,433	24,433	24,464	24,480	24,354	24,386	24,417	24,449
Revenue per Share	1.15	1.18	1.22	1.21	1.1	1.09	1.18	1.21	1.22	1.17	1.28	1.3	1.44	1.55	1.66
EBITDA per Share	0.53	0.56	0.56	0.51	0.47	0.48	0.51	0.51	0.47	0.52	0.57	0.55	0.53	0.62	0.69
Operating Income per Share	0.5	0.52	0.54	0.5	0.44	0.45	0.47	0.47	0.43	0.48	0.53	0.5	0.5	0.55	0.61
Basic EPS, GAAP	0.32	0.33	0.34	0.3	0.28	0.29	0.25	0.32	0.29	0.33	0.37	0.37	0.32	0.29	0.46
Basic EPS from Cont Ops	0.33	0.34	0.35	0.31	0.29	0.3	0.26	0.34	0.32	0.35	0.4	0.39	0.34	0.4	0.48
Diluted EPS, GAAP	0.32	0.33	0.34	0.3	0.28	0.29	0.25	0.32	0.29	0.33	0.37	0.37	0.32	0.29	0.46
Diluted EPS from Cont Ops	0.33	0.34	0.35	0.31	0.29	0.3	0.26	0.34	0.32	0.35	0.4	0.39	0.34	0.4	0.48
Dividend per Share	0.18	0.2	0.22	0.25	0.26	0.26	0.27	0.28	0.29	0.3	0.31	0.32	0.33	0.34	0.35
Cash Flow per Share	0.39	0.35	0.4	0.31	0.32	0.33	0.37	0.39	0.41	0.4	0.49	0.44	0.38	0.5	0.5
Free Cash Flow per Basic Share	0.39	0.35	0.4	0.31	0.32	0.33	0.37	0.39	0.41	0.4	0.49	0.44	0.38	0.5	0.5
Cash & Equivalents per Share	0.09	0.11	0.09	0.07	0.14	0.17	0.35	0.27	0.28	0.3	0.18	0.13	0.13	0.17	0.2
Book Value per Share	0.01	-0.13	-0.31	-0.52	-0.54	-0.52	-0.5	-0.51	-0.47	-0.51	-0.41	-0.37	-0.46	-0.48	-0.41
Tangible Book Value per Share	-0.49	-0.65	-0.8	-0.99	-0.96	-0.92	-0.91	-0.9	-0.8	-0.84	-0.8	-1.45	-1.55	-1.62	-1.56