Thermo Fisher Scientific Inc Financial Ratios — TMOS34 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 (%)	8.75	7.72	7.88	10.13	9.43	9.43	9.48	11.09	12.91	19.87	20.52	16.4	13.22	13.15	13.02
Return on Assets (%)	5.52	4.34	4.29	5.07	4.72	4.66	4.34	5.2	6.45	10.01	9.41	7.23	6.12	6.46	6.46
Return on Capital (%)	7.52	6.35	6.12	7.46	- -	- -	6.54	7.61	9.17	13.24	12.4	9.84	9.16	9.33	9.2
Return on Invested Capital (%)	5.72	6.6	6.26	7.27	- -	- -	6.42	7.35	8.9	13.3	13.31	9.91	8.19	8.2	8.26
Gross Margin (%)	41.47	42.33	42.24	44.36	45.72	45.81	45.17	44.57	44.35	49.67	50.08	42.24	39.9	41.28	40.93
EBITDA Margin (%)	18.26	19.71	19.93	24.8	23.72	23.07	23.87	24.84	26.9	31.41	32.18	26.21	23.95	24.36	23.62
Operating Margin (%)	11.66	12.5	12.89	11.28	14.45	14.49	14.61	15.74	16.37	24.5	26.08	18.94	17.08	18	18.2
Incremental Operating Margin (%)	8.49	22.81	21.21	5.72	725.73	14.9	15.51	22.56	29.39	55.6	33.35	- -	57.77	1,813.64	23.42
Pretax Margin (%)	9.8	10.15	10.08	12.36	11.41	11.08	11.61	13.39	15.94	22.44	22.55	17.44	14.7	16.41	16.4
Profit Margin (%)	11.51	9.42	9.73	11.22	11.64	11.06	10.64	12.06	14.47	19.79	19.7	15.47	13.99	14.77	15.05
Net Income to Common Margin (%)	11.51	9.42	9.73	11.22	11.64	11.06	10.64	12.06	14.47	19.79	19.7	15.47	13.99	14.77	15.05
Effective Tax Rate (%)	9.66	0.87	3.06	9.18	- -	- -	8.28	9.93	9.18	11.76	12.54	8.97	4.51	9.34	7.48
Dvd Payout Ratio (%)	- -	11.3	16.9	12.39	12.17	11.75	10.64	9.05	8.03	5.28	5.11	6.53	8.84	9.19	9.44
Sustainable Growth Rate (%)	8.75	6.85	6.55	8.87	8.28	8.32	8.47	10.08	11.87	18.82	19.47	15.33	12.05	11.94	11.79

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	7,028	7,124	10,487	14,564	12,472	16,627	21,008	18,990	17,752	21,735	34,870	34,488	34,917	31,275	39,385
ST Debt	1,273	93	988	2,212	1,052	1,255	2,135	1,271	676	2,628	2,537	5,579	3,609	2,214	3,533
LT Debt	5,755	7,031	9,500	12,352	11,420	15,372	18,873	17,719	17,076	19,107	32,333	28,909	31,308	29,061	35,852
Total Debt/EBITDA	3.33	2.89	4.02	3.48	3.1	3.94	4.21	3.14	2.58	2.15	2.76	2.93	3.4	2.99	3.74
Net Debt/EBITDA	2.85	2.56	1.79	3.16	2.99	3.76	3.94	2.79	2.23	1.13	2.41	2.21	2.61	2.61	2.81
Total Debt/EBIT	5.62	4.81	6.52	5.82	5.34	6.76	7.1	5.02	3.86	2.79	3.48	4.11	5.09	4.26	5.08
Net Debt/EBIT	4.81	4.26	2.9	5.28	5.15	6.44	6.65	4.46	3.34	1.46	3.03	3.09	3.91	3.72	3.81
EBITDA to Interest Expense	12.04	10.21	9.96	8.73	9.7	8.99	8.43	9.07	10.16	18.3	23.54	16.22	7.47	7.51	7.42
EBITDA-CapEx/Interest Expense	10.55	8.9	8.88	7.84	8.68	8.04	7.58	7.93	8.79	15.63	18.84	13.13	6.39	6.51	6.34
EBIT to Interest Expense	7.69	6.47	6.44	3.97	5.91	5.64	5.16	5.75	6.18	14.27	19.08	11.72	5.32	5.55	5.72
Interest Expense	175	242	262	480	415	469	592	667	676	553	536	726	1,375	1,390	1,419
Common Equity/Total Assets	56.04	56.35	52.9	47.95	52.28	46.92	44.84	49.06	50.83	49.97	42.88	45.27	47.34	50.95	48.4
Long-Term Debt/Equity (%)	38.27	45.47	56.36	60.11	53.49	71.36	74.27	64.23	57.54	55.36	78.91	65.48	66.84	58.51	66.97
Long-Term Debt/Capital (%)	26.08	31.13	34.74	35.18	33.77	40.28	40.66	38.04	36	33.97	42.63	36.76	38.29	35.9	38.58
Long-Term Debt/Total Assets (%)	21.45	25.62	29.81	28.82	27.97	33.48	33.3	31.51	29.25	27.67	33.99	29.76	31.71	29.86	32.49
Total Debt/Equity (%)	46.73	46.07	62.22	70.88	58.42	77.19	82.67	68.84	59.82	62.97	85.1	78.12	74.54	62.96	73.57
Total Debt/Capital (%)	31.85	31.54	38.35	41.48	36.88	43.56	45.26	40.77	37.43	38.64	45.97	43.86	42.71	38.64	42.39
Total Debt/Total Assets (%)	26.19	25.96	32.91	33.99	30.54	36.22	37.07	33.77	30.41	31.48	36.66	35.5	35.37	32.14	35.69
Net Debt to Equity	39.98	40.86	27.65	64.34	56.3	73.54	77.41	61.22	51.74	33.06	74.17	58.81	57.3	54.89	55.16
Net Debt/Capital (%)	28.56	29.01	21.66	39.15	36.02	42.38	43.63	37.97	34.1	24.84	42.59	37.03	36.43	35.44	35.55
EBITDA	2,110	2,466	2,610	4,188	4,024	4,216	4,993	6,050	6,871	10,119	12,620	11,774	10,265	10,445	10,526
EBITDA-CapEx	1,850	2,151	2,327	3,760	3,601	3,772	4,485	5,292	5,945	8,645	10,097	9,531	8,786	9,045	9,001
Operating Income (Loss)	1,347	1,564	1,687	1,905	2,452	2,647	3,057	3,833	4,181	7,893	10,225	8,507	7,318	7,717	8,110

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	0.33	0.39	1.87	0.25	0.11	0.16	0.19	0.34	0.39	1	0.33	0.5	0.58	0.42	0.67
Current Ratio	1.55	2.31	3.16	1.22	1.38	1.44	1.34	1.73	1.92	2.13	1.5	1.48	1.75	1.66	1.89
Quick Ratio	0.89	1.25	2.49	0.72	0.78	0.87	0.74	1.09	1.19	1.63	1	1.06	1.27	1.14	1.36
CFO/Avg Current Liab	0.7	0.78	0.77	0.62	0.62	0.72	0.67	0.69	0.81	1	0.78	0.6	0.54	0.63	0.55
Common Equity/Total Assets	56.04	56.35	52.9	47.95	52.28	46.92	44.84	49.06	50.83	49.97	42.88	45.27	47.34	50.95	48.4
Long-Term Debt/Equity (%)	38.27	45.47	56.36	60.11	53.49	71.36	74.27	64.23	57.54	55.36	78.91	65.48	66.84	58.51	66.97
Long-Term Debt/Capital (%)	26.08	31.13	34.74	35.18	33.77	40.28	40.66	38.04	36	33.97	42.63	36.76	38.29	35.9	38.58
Long-Term Debt/Total Assets (%)	21.45	25.62	29.81	28.82	27.97	33.48	33.3	31.51	29.25	27.67	33.99	29.76	31.71	29.86	32.49
Total Debt/Equity (%)	46.73	46.07	62.22	70.88	58.42	77.19	82.67	68.84	59.82	62.97	85.1	78.12	74.54	62.96	73.57
Total Debt/Capital (%)	31.85	31.54	38.35	41.48	36.88	43.56	45.26	40.77	37.43	38.64	45.97	43.86	42.71	38.64	42.39
Total Debt/Total Assets (%)	26.19	25.96	32.91	33.99	30.54	36.22	37.07	33.77	30.41	31.48	36.66	35.5	35.37	32.14	35.69
CFO/Total Liabilities	14.34	17.02	13.4	11.74	15.1	13.37	12.81	15.86	17.32	24	17.2	17.27	16.2	18.19	13.76
CFO/CapEx	6.48	6.47	7.12	6.13	6.96	7.34	7.88	5.99	5.37	5.62	3.69	4.08	5.68	6.19	5.13
Altman's Z-Score	- -	- -	- -	- -	- -	5.99	5.29	6.24	6.85	6.86	6.83	6.1	6.2	6.74	6.07

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	7.14	7.01	6.99	7.65	6.76	6.53	6.04	6.08	6.02	6.39	5.72	5.58	5.25	5.23	5.21
Days Sales Outstanding	51.12	52.06	52.24	47.72	53.99	55.87	60.44	60.05	60.63	57.16	63.85	65.39	69.56	69.85	70
Inventory Turnover	5.41	5.2	5.15	5.6	4.78	4.71	4.43	4.52	4.46	4.38	4.31	4.86	4.8	5	5.06
Days Inventory Outstanding	67.53	70.16	70.91	65.13	76.32	77.5	82.48	80.78	81.85	83.28	84.66	75.16	75.97	72.97	72.14
Accounts Payable Turnover	11.94	11.69	11.42	12.91	11.37	11.58	10.39	8.9	8.25	8.24	8.17	8.49	8.06	8.42	7.99
Accounts Payable Turnover Days	30.56	31.22	31.96	28.27	32.1	31.52	35.13	41.03	44.25	44.29	44.68	42.98	45.26	43.33	45.69
Cash Conversion Cycle	88.08	90.99	91.19	84.58	98.21	101.84	107.79	99.8	98.23	96.14	103.83	97.56	100.27	99.49	96.45
Inventory to Cash Days	-16.41	-18.1	-18.67	-17.42	-22.34	-21.63	-22.04	-20.73	-21.23	-26.13	-20.81	-9.78	-6.41	-3.11	-2.14
Inventories	1,330	1,443	1,495	1,860	1,992	2,213	2,971	3,005	3,370	4,029	5,051	5,634	5,088	4,978	5,425
Raw Materials	335	362	347	442	421	466	708	812	971	1,305	1,922	2,405	2,057	1,803	1,877
Work In Process	129	150	158	208	237	328	505	430	517	540	676	660	705	755	889
Finished Goods	866	932	989	1,210	1,334	1,419	1,758	1,763	1,882	2,184	2,453	2,569	2,326	2,420	2,659
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	- -	- -	- -	- -	- -	55,489	76,342	92,138	130,198	183,147	260,244	214,350	204,443	196,921	217,853
- Cash & Cash Equivalents	1,016	806	5,826	1,344	452	786	1,335	2,103	2,399	10,325	4,477	8,524	8,077	4,009	9,852
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	10	184	170	107	87	129
+ Total Debt	7,028	7,124	10,487	14,564	12,472	16,627	21,008	18,990	17,752	21,735	34,870	34,488	34,917	31,275	39,385
Enterprise Value	- -	- -	- -	- -	- -	71,330	96,015	109,025	145,551	194,567	290,821	240,484	231,387	222,713	247,262
Total Capital	22,066	22,589	27,343	35,112	33,822	38,167	46,421	46,576	47,427	56,252	75,847	78,636	81,759	80,947	92,921
Total Debt/Capital (%)	31.85	31.54	38.35	41.48	36.88	43.56	45.26	40.77	37.43	38.64	45.97	43.86	42.71	38.64	42.39
Total Debt / EV	- -	- -	- -	- -	- -	0.23	0.22	0.17	0.12	0.11	0.12	0.14	0.15	0.14	0.16
EV/Sales	- -	- -	- -	- -	- -	3.9	4.59	4.48	5.7	6.04	7.42	5.35	5.4	5.19	5.55
EV/EBITDA	- -	- -	- -	- -	- -	16.92	19.23	18.02	21.18	19.23	23.04	20.42	22.54	21.32	23.49
EV/EBIT	- -	- -	- -	- -	- -	29.02	32.44	28.82	31.68	24.96	29	28.65	33.73	30.35	31.92
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	21.11	21.2	26.05	22.17	29.73	24.5	23.81	22.43	27.08
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	23.77	24.86	31.23	26.64	40.07	31.76	28.08	26.12	32.51
Diluted Market Cap	- -	- -	- -	- -	- -	56,046	75,711	93,026	131,589	184,222	261,937	216,265	205,158	198,072	218,883
Diluted Enterprise Value	- -	- -	- -	- -	- -	71,887	95,384	109,913	146,942	195,642	292,514	242,399	232,102	223,864	248,292
EV per Share	- -	- -	- -	- -	- -	3.79	5.01	5.67	7.64	10.26	15.43	12.89	12.52	12.24	13.75
TTM Sales	11,559	12,510	13,090	16,890	16,965	18,274	20,918	24,358	25,542	32,218	39,211	44,915	42,857	42,879	44,557
TTM EBITDA	2,110	2,466	2,610	4,188	4,024	4,216	4,993	6,050	6,871	10,119	12,620	11,774	10,265	10,445	10,526
TTM Operating Income	1,347	1,564	1,687	1,905	2,452	2,647	3,057	3,833	4,181	7,893	10,225	8,507	7,318	7,717	8,110
TTM Cash Flow to Firm	1,849	2,279	2,265	3,055	- -	- -	4,548	5,144	5,587	8,777	9,781	9,815	9,719	9,927	9,131
TTM Free Cash Flow to Firm	1,588	1,964	1,982	2,628	- -	- -	4,040	4,386	4,661	7,303	7,258	7,572	8,240	8,527	7,606

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	- -	- -	- -	- -	- -	19.92	21.65	24.58	32.52	27.03	38.58	31.29	29.62	27.26	34.78
EV/EBIT	- -	- -	- -	- -	- -	29.02	32.44	28.82	31.68	24.96	29	28.65	33.73	30.35	31.92
Enterprise Value	- -	- -	- -	- -	- -	71,330	96,015	109,025	145,551	194,567	290,821	240,484	231,387	222,713	247,262
Low Price	- -	- -	- -	- -	- -	2.89	2.99	4.1	4.96	5.29	9.05	10.02	8.71	10.07	8.08
EV/Sales	- -	- -	- -	- -	- -	3.9	4.59	4.48	5.7	6.04	7.42	5.35	5.4	5.19	5.55
EV/EBITDA	- -	- -	- -	- -	- -	16.92	19.23	18.02	21.18	19.23	23.04	20.42	22.54	21.32	23.49
Price/Earnings	- -	- -	- -	- -	- -	27.54	33.77	31.35	35.34	28.68	33.65	30.96	34.05	31.18	32.56
Price/Earnings Average	- -	- -	- -	- -	- -	29.1	31.04	29.54	30.78	24.33	27.05	31.1	34.05	34.23	27.84
Price/Earnings High	- -	- -	- -	- -	- -	30.78	34.64	34.23	35.34	33.31	34.03	36.21	38.59	38.89	34.13
Price/Earnings Low	- -	- -	- -	- -	- -	26.98	25.37	26.8	25.68	15.69	22.06	27.01	26.81	29.02	21.72
Price/Book Value	- -	- -	- -	- -	- -	2.58	3	3.34	4.39	5.31	6.38	4.87	4.37	3.97	4.08
Price/Book Value Average	- -	- -	- -	- -	- -	2.72	2.76	3.15	3.82	4.5	5.13	4.9	4.38	4.36	3.49
Price/Book Value High	- -	- -	- -	- -	- -	2.88	3.08	3.65	4.39	6.17	6.45	5.7	4.96	4.95	4.28
Price/Book Value Low	- -	- -	- -	- -	- -	2.52	2.26	2.86	3.19	2.9	4.18	4.25	3.45	3.7	2.72
Price/Tangible Book Value	- -	- -	- -	- -	- -	-4.03	-4.61	-7.23	-12.95	-43.41	-12.25	-14.62	-14.65	-16.69	-18.47
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	-4.26	-4.24	-6.81	-11.28	-36.82	-9.85	-14.69	-14.65	-18.32	-15.79
Price/Tangible Book Value High	- -	- -	- -	- -	- -	-4.51	-4.73	-7.9	-12.95	-50.42	-12.39	-17.1	-16.6	-20.81	-19.36
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	-3.95	-3.46	-6.18	-9.41	-23.75	-8.03	-12.76	-11.54	-15.53	-12.32
Price/Sales	- -	- -	- -	- -	- -	3.05	3.59	3.78	5.11	5.67	6.63	4.79	4.76	4.61	4.9
Price/Sales Average	- -	- -	- -	- -	- -	3.22	3.3	3.56	4.45	4.81	5.33	4.81	4.76	5.06	4.19
Price/Sales High	- -	- -	- -	- -	- -	3.41	3.68	4.13	5.11	6.59	6.7	5.6	5.4	5.75	5.14
Price/Sales Low	- -	- -	- -	- -	- -	2.98	2.7	3.23	3.72	3.11	4.35	4.18	3.75	4.29	3.27
Price/Cash Flow	- -	- -	- -	- -	- -	17.09	18.76	20.28	26.26	22.06	27.92	23.51	24.28	22.79	27.92
Price/Cash Flow Average	- -	- -	- -	- -	- -	18.06	17.24	19.1	22.88	18.71	22.44	23.61	24.29	25.02	23.87
Price/Cash Flow High	- -	- -	- -	- -	- -	19.11	19.24	22.14	26.26	25.62	28.23	27.49	27.52	28.42	29.27
Price/Cash Flow Low	- -	- -	- -	- -	- -	16.74	14.1	17.33	19.08	12.07	18.3	20.51	19.12	21.21	18.62
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	21.05	19.9	23.16	28.32	22.93	31.01	31.44	29.62	29.92	29.73
Price/Free Cash Flow High	- -	- -	- -	- -	- -	22.27	22.21	26.83	32.52	31.4	39.02	36.6	33.57	33.99	36.46
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	19.51	16.27	21.01	23.63	14.79	25.3	27.31	23.33	25.37	23.19
EV/Sales Average	- -	- -	- -	- -	- -	4.08	4.29	4.26	5.04	5.18	6.11	5.38	5.4	5.64	4.84
EV/Sales High	- -	- -	- -	- -	- -	4.26	4.68	4.82	5.7	6.96	7.49	6.16	6.04	6.33	5.78
EV/Sales Low	- -	- -	- -	- -	- -	3.84	3.68	3.93	4.3	3.46	5.13	4.75	4.39	4.88	3.92
EV/EBITDA Average	- -	- -	- -	- -	- -	17.67	17.99	17.14	18.74	16.48	19	20.51	22.55	23.16	20.49
EV/EBITDA High	- -	- -	- -	- -	- -	18.47	19.62	19.42	21.18	22.15	23.28	23.51	25.2	25.98	24.49
EV/EBITDA Low	- -	- -	- -	- -	- -	16.65	15.43	15.81	16	11.03	15.94	18.11	18.31	20.02	16.6
EV/EBIT Average	- -	- -	- -	- -	- -	30.3	30.35	27.41	28.03	21.4	23.91	28.77	33.74	32.98	27.84
EV/EBIT High	- -	- -	- -	- -	- -	31.68	33.1	31.06	31.68	28.76	29.29	32.99	37.71	36.98	33.28
EV/EBIT Low	- -	- -	- -	- -	- -	28.56	26.02	25.29	23.93	14.32	20.06	25.4	27.4	28.49	22.55
Last Price	- -	- -	- -	- -	- -	2.95	3.98	4.79	6.83	9.66	13.81	11.49	11.06	10.82	12.12
High Price	- -	- -	- -	- -	- -	3.3	4.08	5.23	6.83	11.22	13.96	13.43	12.54	13.49	12.7
Enterprise Value Average	- -	- -	- -	- -	- -	74,476	89,836	103,699	128,764	166,772	239,739	241,481	231,440	241,953	215,639
Enterprise Value High	- -	- -	- -	- -	- -	77,874	97,980	117,487	145,551	224,158	293,765	276,860	258,655	271,354	257,761
Enterprise Value Low	- -	- -	- -	- -	- -	70,200	77,030	95,654	109,955	111,627	201,199	213,169	187,964	209,065	174,688

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	17,749	17,083	17,299	19,139	19,099	18,804	19,180	19,218	19,057	18,958	18,851	18,663	18,479	18,198	17,980
Diluted Weighted Avg Shares	18,390	17,521	17,482	19,227	19,208	18,993	19,021	19,404	19,260	19,069	18,973	18,830	18,543	18,304	18,065
Basic Weighted Avg Shares	18,199	17,387	17,220	19,031	19,055	18,868	18,878	19,212	19,117	18,926	18,830	18,735	18,448	18,257	18,018
Revenue per Share	0.64	0.72	0.76	0.89	0.89	0.97	1.11	1.27	1.34	1.7	2.08	2.4	2.32	2.35	2.47
EBITDA per Share	0.12	0.14	0.15	0.22	0.21	0.22	0.26	0.31	0.36	0.53	0.67	0.63	0.56	0.57	0.58
Operating Income per Share	0.07	0.09	0.1	0.1	0.13	0.14	0.16	0.2	0.22	0.42	0.54	0.45	0.4	0.42	0.45
Basic EPS, GAAP	0.07	0.07	0.07	0.1	0.1	0.11	0.12	0.15	0.19	0.34	0.41	0.37	0.32	0.35	0.37
Basic EPS from Cont Ops	0.06	0.07	0.07	0.1	0.1	0.11	0.12	0.15	0.19	0.34	0.41	0.37	0.32	0.35	0.37
Diluted EPS, GAAP	0.07	0.07	0.07	0.1	0.1	0.11	0.12	0.15	0.19	0.33	0.41	0.37	0.32	0.35	0.37
Diluted EPS from Cont Ops	0.06	0.07	0.07	0.1	0.1	0.11	0.12	0.15	0.19	0.33	0.41	0.37	0.32	0.35	0.37
Dividend per Share	- -	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.03	0.03	0.04
Cash Flow per Share	0.09	0.12	0.12	0.14	0.15	0.17	0.21	0.24	0.26	0.44	0.49	0.49	0.46	0.47	0.43
Free Cash Flow per Basic Share	0.08	0.1	0.1	0.12	0.13	0.15	0.19	0.2	0.21	0.36	0.36	0.37	0.38	0.4	0.35
Cash & Equivalents per Share	0.06	0.05	0.34	0.07	0.02	0.04	0.07	0.11	0.13	0.54	0.24	0.46	0.44	0.31	0.56
Book Value per Share	0.85	0.91	0.97	1.07	1.12	1.15	1.32	1.44	1.56	1.82	2.16	2.36	2.53	2.72	2.97
Tangible Book Value per Share	-0.27	-0.28	-0.16	-0.65	-0.54	-0.73	-0.86	-0.66	-0.53	-0.22	-1.13	-0.79	-0.76	-0.65	-0.66