Honeywell International Inc. Financial Ratios — HON 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 (%)	19.25	24.61	25.78	24.14	26.53	25.56	8.61	39.01	33.5	26.52	30.69	28.16	34.76	33.1	29.08
Return on Assets (%)	5.32	7.17	8.99	9.33	10.06	9.3	2.72	11.54	10.55	7.75	8.59	7.84	9.14	8.35	6.35
Return on Capital (%)	13.19	16.27	17.45	16.47	17.11	15.22	4.51	20.36	18.14	13.04	14.19	13.6	16.46	14.59	11.36
Return on Invested Capital (%)	11.9	15.64	16.53	15.96	17.2	13.97	4.07	16.74	16.01	10.87	11.65	11.92	12.65	11.27	8.01
Gross Margin (%)	21.83	24.89	27.37	28.16	30.67	29.58	30.57	30.52	33.7	32.07	35.85	36.99	37.48	38.47	36.93
EBITDA Margin (%)	9.83	13.51	16.57	16.73	19.98	18.47	18.24	17.94	21.62	18.95	21.41	20.36	21.52	21.72	17.29
Operating Margin (%)	7.05	11.03	14.09	14.47	17.7	15.4	15.55	16.04	18.66	17.45	18.03	18.12	18.51	19.21	17.54
Incremental Operating Margin (%)	- -	139.26	96.76	26.38	- -	- -	20.45	31.7	- -	28.36	28.72	21.14	12.9	32.67	- -
Pretax Margin (%)	6.25	10.29	13.86	14.43	17.07	16.42	17.15	17.91	20.59	18.42	21.04	17.99	18.76	17.99	14.63
Profit Margin (%)	5.66	7.77	10.05	10.52	12.36	12.24	3.81	16.18	16.73	14.64	16.11	14	17.14	16.43	12.63
Net Income to Common Margin (%)	5.66	7.77	10.05	10.52	12.36	12.24	3.81	16.18	16.73	14.64	16.11	14	17.14	16.43	12.63
Effective Tax Rate (%)	18.27	24.36	26.79	25.59	26.4	24.85	77.15	8.8	17.58	19.08	22.46	22.14	20.38	20	18.41
Dvd Payout Ratio (%)	58.28	41.25	33.83	34.17	35.04	39.19	129.92	32.97	38.66	52.35	46.25	54.73	57.76	57.69	65.97
Sustainable Growth Rate (%)	8.03	14.46	17.06	15.89	17.24	15.54	-2.58	26.15	20.55	12.64	16.5	12.75	14.68	14	9.9

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	7,555	7,496	8,829	8,683	12,068	15,775	17,882	16,214	16,707	23,212	20,631	20,537	21,536	32,077	35,563
ST Debt	674	1,101	2,028	2,637	6,514	3,593	5,309	6,458	5,063	6,229	5,530	4,639	4,077	5,774	7,613
LT Debt	6,881	6,395	6,801	6,046	5,554	12,182	12,573	9,756	11,644	16,983	15,101	15,898	17,459	26,303	27,950
Total Debt/EBITDA	2.1	1.47	1.36	1.29	1.57	2.17	2.42	2.16	2.1	3.75	2.8	2.84	3.03	4.25	5.49
Net Debt/EBITDA	1.07	0.56	0.37	0.26	0.86	1.09	1.46	0.92	0.87	1.31	1.17	1.38	1.76	2.8	3.41
Total Debt/EBIT	2.87	1.8	1.61	1.49	1.77	2.53	2.85	2.54	2.44	4.48	3.36	3.41	3.53	5.02	7
Net Debt/EBIT	1.46	0.69	0.44	0.3	0.97	1.27	1.72	1.09	1.01	1.56	1.41	1.65	2.05	3.31	4.35
EBITDA to Interest Expense	9.55	14.49	19.79	21.21	24.87	21.48	23.4	20.44	22.24	17.23	21.47	17.44	9.48	7.19	4.82
EBITDA-CapEx/Interest Expense	7.43	11.97	16.89	17.77	21.41	18.24	20.14	18.18	19.89	14.71	21.47	17.44	9.48	7.19	4.82
EBIT to Interest Expense	6.85	11.84	16.82	18.34	22.03	17.9	19.95	18.27	19.19	15.87	18.08	15.52	8.16	6.36	4.89
Interest Expense	376	351	327	318	310	338	316	367	357	359	343	414	749	1,048	1,344
Common Equity/Total Assets	27.15	31	38.44	38.85	37.07	35.77	27.75	31.47	31.52	27.17	28.8	26.81	25.77	24.76	18.87
Long-Term Debt/Equity (%)	63.12	48.39	38.32	33.58	29.69	62.31	75.42	53.12	62.22	95.43	78.45	91.76	106.19	137.27	185.96
Long-Term Debt/Capital (%)	37.28	30.88	25.59	22.66	18.05	34.49	36.39	28.21	32.87	41.41	37.87	41.99	45.97	51.33	55.24
Long-Term Debt/Total Assets (%)	17.29	15.28	14.97	13.3	11.26	22.5	21.14	16.89	19.84	26.3	23.42	25.53	28.38	34.98	37.93
Total Debt/Equity (%)	69.3	56.72	49.75	48.23	64.51	80.69	107.27	88.29	89.28	130.43	107.18	118.53	130.99	167.41	236.61
Total Debt/Capital (%)	40.93	36.19	33.22	32.54	39.21	44.66	51.75	46.89	47.17	56.6	51.73	54.24	56.71	62.6	70.29
Total Debt/Total Assets (%)	18.98	17.91	19.43	19.1	24.47	29.13	30.07	28.07	28.47	35.94	32	32.98	35	42.66	48.27
Net Debt to Equity	35.38	21.66	13.56	9.58	35.35	40.57	64.93	37.72	37.06	45.56	44.89	57.39	76.14	110.29	146.99
Net Debt/Capital (%)	26.13	17.8	11.94	8.74	26.12	28.86	39.37	27.39	26.32	30.33	29.87	35.21	41.65	51.13	57.98
EBITDA	3,592	5,087	6,470	6,744	7,710	7,259	7,395	7,500	7,938	6,186	7,365	7,221	7,104	7,539	6,472
EBITDA-CapEx	2,794	4,203	5,523	5,650	6,637	6,164	6,364	6,672	7,099	5,280	7,365	7,221	7,104	7,539	6,472
Operating Income (Loss)	2,574	4,156	5,501	5,831	6,828	6,051	6,303	6,705	6,851	5,696	6,200	6,427	6,110	6,668	6,567

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	0.34	0.36	0.45	0.47	0.3	0.57	0.57	0.58	0.58	0.79	0.59	0.51	0.44	0.48	0.55
Current Ratio	1.31	1.35	1.49	1.5	1.09	1.41	1.38	1.29	1.34	1.47	1.3	1.25	1.27	1.31	1.3
Quick Ratio	0.93	0.92	1.01	1.01	0.74	1.07	1.04	0.97	0.99	1.15	0.94	0.88	0.84	0.83	0.88
CFO/Avg Current Liab	0.24	0.28	0.32	0.35	0.33	0.32	0.34	0.34	0.37	0.33	0.31	0.27	0.28	0.31	0.29
Common Equity/Total Assets	27.15	31	38.44	38.85	37.07	35.77	27.75	31.47	31.52	27.17	28.8	26.81	25.77	24.76	18.87
Long-Term Debt/Equity (%)	63.12	48.39	38.32	33.58	29.69	62.31	75.42	53.12	62.22	95.43	78.45	91.76	106.19	137.27	185.96
Long-Term Debt/Capital (%)	37.28	30.88	25.59	22.66	18.05	34.49	36.39	28.21	32.87	41.41	37.87	41.99	45.97	51.33	55.24
Long-Term Debt/Total Assets (%)	17.29	15.28	14.97	13.3	11.26	22.5	21.14	16.89	19.84	26.3	23.42	25.53	28.38	34.98	37.93
Total Debt/Equity (%)	69.3	56.72	49.75	48.23	64.51	80.69	107.27	88.29	89.28	130.43	107.18	118.53	130.99	167.41	236.61
Total Debt/Capital (%)	40.93	36.19	33.22	32.54	39.21	44.66	51.75	46.89	47.17	56.6	51.73	54.24	56.71	62.6	70.29
Total Debt/Total Assets (%)	18.98	17.91	19.43	19.1	24.47	29.13	30.07	28.07	28.47	35.94	32	32.98	35	42.66	48.27
CFO/Total Liabilities	9.8	12.28	15.66	18.51	18.03	15.89	13.94	16.33	17.26	13.27	13.35	11.73	11.84	10.88	10.93
CFO/CapEx	3.55	3.98	4.58	4.64	5.14	5.02	5.79	7.77	8.22	6.85	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	4.49	- -	4.98	- -	4.43	4.72	4.79	4.55	4.67	4.93	4.91	4.28	4.28

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	- -	5.43	5.4	5.26	4.92	4.89	4.76	5.11	4.89	4.56	5.04	4.97	4.41	4.7	5.04
Days Sales Outstanding	- -	67.19	67.62	69.36	74.21	74.66	76.73	71.49	74.58	80.07	72.47	73.43	82.77	77.68	72.47
Inventory Turnover	6.95	6.66	6.65	6.66	6.06	6.3	6.27	6.5	5.57	4.98	4.58	4.19	3.52	3.54	3.92
Days Inventory Outstanding	52.55	54.83	54.87	54.82	60.21	57.93	58.22	56.16	65.59	73.35	79.64	87.19	103.61	103.06	93.1
Accounts Payable Turnover	6.36	5.97	5.74	5.52	4.89	4.9	4.63	4.72	4.31	3.87	3.71	3.55	3.23	3.25	3.85
Accounts Payable Turnover Days	57.43	61.18	63.63	66.17	74.64	74.46	78.9	77.36	84.68	94.22	98.31	102.8	113.03	112.26	94.91
Cash Conversion Cycle	- -	60.83	58.85	58.01	59.79	58.13	56.06	50.29	55.49	59.21	53.8	57.82	73.34	68.48	70.67
Inventory to Cash Days	- -	12.36	12.75	14.54	14	16.72	18.51	15.32	8.99	6.73	-7.17	-13.76	-20.84	-25.38	-20.63
Inventories	4,264	4,235	4,293	4,405	4,420	4,366	4,613	4,326	4,421	4,489	5,138	5,538	6,178	5,884	6,162
Raw Materials	1,222	1,152	1,121	1,124	1,120	1,104	1,193	1,109	1,056	1,079	1,352	1,407	1,704	1,447	1,638
Work In Process	958	859	841	815	826	775	790	811	817	798	861	1,049	1,217	1,153	1,203
Finished Goods	2,253	2,421	2,497	2,634	2,590	2,552	2,669	2,445	2,593	2,612	2,925	3,082	3,257	3,284	3,321
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	- -	- -	62,028	- -	77,445	- -	105,628	106,792	116,620	150,119	138,843	142,566	133,111	132,702	122,294
- Cash & Cash Equivalents	3,698	4,634	6,422	6,959	5,455	7,843	7,059	9,287	9,067	14,275	10,959	9,627	7,925	9,906	12,487
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	96	240	279	346	425	181	168	185	219	248	680	629	585	542	1,126
+ Total Debt	7,555	7,496	8,829	8,683	12,068	15,775	17,882	16,214	16,707	23,212	20,631	20,537	21,536	32,077	35,563
Enterprise Value	- -	- -	64,714	- -	84,483	- -	112,861	112,281	123,130	158,359	148,631	153,622	147,137	155,029	146,053
Total Capital	18,457	20,711	26,575	26,686	30,776	35,325	34,552	34,579	35,420	41,009	39,880	37,863	37,977	51,238	50,593
Total Debt/Capital (%)	40.93	36.19	33.22	32.54	39.21	44.66	51.75	46.89	47.17	56.6	51.73	54.24	56.71	62.6	70.29
Total Debt / EV	- -	- -	0.14	- -	0.14	- -	0.16	0.14	0.14	0.15	0.14	0.13	0.15	0.21	0.24
EV/Sales	- -	- -	1.66	- -	2.19	- -	2.78	2.69	3.35	4.85	4.32	4.33	4.46	4.47	3.9
EV/EBITDA	- -	- -	10	- -	10.96	- -	15.26	14.97	15.51	25.6	20.18	21.27	20.71	20.56	22.57
EV/EBIT	- -	- -	11.81	- -	12.37	- -	17.97	17.59	17.98	30.55	24.2	25.53	24.12	24.27	28.73
EV/Cash Flow to Firm	- -	- -	14.15	- -	14.7	- -	18.69	16.59	17.12	24.37	23.58	27.45	24.79	22.35	19.46
EV/Free Cash Flow to Firm	- -	- -	17.84	- -	18.07	- -	22.54	18.9	19.38	28.32	23.58	27.45	24.79	22.35	19.46
Diluted Market Cap	- -	- -	63,096	- -	80,207	- -	108,610	110,217	119,769	153,221	142,006	145,876	136,460	133,825	123,738
Diluted Enterprise Value	- -	- -	65,782	- -	87,245	- -	115,843	115,706	126,279	161,461	151,794	156,932	150,486	156,152	147,497
EV per Share	- -	- -	165.13	- -	221.71	- -	300.6	307.79	346.31	454.53	434.09	460.22	451.48	477.16	459.79
TTM Sales	36,529	37,665	39,055	40,306	38,581	39,302	40,534	41,802	36,709	32,637	34,392	35,466	33,009	34,717	37,442
TTM EBITDA	3,592	5,087	6,470	6,744	7,710	7,259	7,395	7,500	7,938	6,186	7,365	7,221	7,104	7,539	6,472
TTM Operating Income	2,574	4,156	5,501	5,831	6,828	6,051	6,303	6,705	6,851	5,696	6,200	6,427	6,110	6,668	6,567
TTM Cash Flow to Firm	3,140	3,782	4,574	5,317	5,747	5,752	6,038	6,769	7,191	6,499	6,304	5,596	5,936	6,935	7,505
TTM Free Cash Flow to Firm	2,342	2,898	3,627	4,223	4,674	4,657	5,007	5,941	6,352	5,593	6,304	5,596	5,936	6,935	7,505

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	- -	- -	18.62	- -	18.04	- -	22.01	19.66	19.77	28.9	23.52	27.66	25.55	21.95	19.31
EV/EBIT	- -	- -	11.81	- -	12.37	- -	17.97	17.59	17.98	30.55	24.2	25.53	24.12	24.27	28.73
Enterprise Value	- -	- -	64,714	- -	84,483	- -	112,861	112,281	123,130	158,359	148,631	153,622	147,137	155,029	146,053
Low Price	- -	- -	150.07	- -	197.24	- -	281.34	282.14	310.74	269	402	345.92	371.46	397.32	385
EV/Sales	- -	- -	1.66	- -	2.19	- -	2.78	2.69	3.35	4.85	4.32	4.33	4.46	4.47	3.9
EV/EBITDA	- -	- -	10	- -	10.96	- -	15.26	14.97	15.51	25.6	20.18	21.27	20.71	20.56	22.57
Price/Earnings	- -	- -	15.86	- -	16.62	- -	69.39	16.08	19.25	31.74	25.33	29.12	23.93	23.3	26.01
Price/Earnings Average	- -	- -	15.45	- -	16.37	- -	69.39	16.19	18.91	25.84	27.23	27.31	22.49	23.3	27.28
Price/Earnings High	- -	- -	15.86	- -	16.62	- -	69.39	17.46	20.51	31.88	28.73	30	23.93	26.4	32.2
Price/Earnings Low	- -	- -	15.04	- -	16.13	- -	69.39	15.49	18.24	19.82	25.11	23.58	21.76	22.67	26.01
Price/Book Value	- -	- -	3.55	- -	4.24	- -	6.4	5.87	6.31	8.55	7.48	8.54	8.39	7.13	8.8
Price/Book Value Average	- -	- -	3.46	- -	4.17	- -	6.4	5.92	6.2	6.96	8.04	8.01	7.89	7.13	9.22
Price/Book Value High	- -	- -	3.55	- -	4.24	- -	6.4	6.38	6.72	8.59	8.48	8.8	8.39	8.08	10.89
Price/Book Value Low	- -	- -	3.37	- -	4.11	- -	6.4	5.66	5.97	5.34	7.41	6.92	7.63	6.93	8.8
Price/Tangible Book Value	- -	- -	32.53	- -	-35.38	- -	-16.84	-70.96	-145.23	-72.56	-49.59	-35.45	-24.54	-14.71	-8.79
Price/Tangible Book Value Average	- -	- -	31.68	- -	-34.86	- -	-16.84	-71.45	-142.68	-59.07	-53.31	-33.25	-23.06	-14.71	-9.22
Price/Tangible Book Value High	- -	- -	32.53	- -	-35.38	- -	-16.84	-77.06	-154.74	-72.86	-56.25	-36.52	-24.54	-16.67	-10.88
Price/Tangible Book Value Low	- -	- -	30.84	- -	-34.33	- -	-16.84	-68.39	-137.59	-45.3	-49.16	-28.71	-22.32	-14.31	-8.79
Price/Sales	- -	- -	1.59	- -	2.05	- -	2.64	2.6	3.22	4.65	4.08	4.08	4.1	3.83	3.29
Price/Sales Average	- -	- -	1.55	- -	2.02	- -	2.64	2.62	3.16	3.78	4.39	3.82	3.85	3.83	3.45
Price/Sales High	- -	- -	1.59	- -	2.05	- -	2.64	2.83	3.43	4.67	4.63	4.2	4.1	4.34	4.07
Price/Sales Low	- -	- -	1.51	- -	1.99	- -	2.64	2.51	3.05	2.9	4.05	3.3	3.73	3.72	3.29
Price/Cash Flow	- -	- -	14.36	- -	14.36	- -	17.97	16.9	17.14	24.43	23.25	27.42	25.36	21.8	19.2
Price/Cash Flow Average	- -	- -	13.98	- -	14.15	- -	17.97	17.02	16.84	19.89	24.99	25.72	23.83	21.8	20.13
Price/Cash Flow High	- -	- -	14.36	- -	14.36	- -	17.97	18.36	18.27	24.54	26.37	28.24	25.36	24.7	23.76
Price/Cash Flow Low	- -	- -	13.61	- -	13.93	- -	17.97	16.29	16.24	15.25	23.05	22.21	23.06	21.21	19.2
Price/Free Cash Flow Average	- -	- -	18.14	- -	17.77	- -	22.01	19.8	19.42	23.53	25.29	25.95	24.01	21.95	20.25
Price/Free Cash Flow High	- -	- -	18.62	- -	18.04	- -	22.01	21.35	21.07	29.02	26.68	28.49	25.55	24.87	23.9
Price/Free Cash Flow Low	- -	- -	17.66	- -	17.51	- -	22.01	18.95	18.73	18.04	23.32	22.4	23.24	21.35	19.31
EV/Sales Average	- -	- -	1.62	- -	2.16	- -	2.78	2.7	3.3	4	4.63	4.08	4.21	4.47	4.06
EV/Sales High	- -	- -	1.66	- -	2.19	- -	2.78	2.91	3.56	4.87	4.86	4.45	4.46	4.97	4.68
EV/Sales Low	- -	- -	1.57	- -	2.13	- -	2.78	2.59	3.19	3.12	4.29	3.57	4.09	4.36	3.9
EV/EBITDA Average	- -	- -	9.75	- -	10.81	- -	15.26	15.07	15.25	21.09	21.6	20.05	19.58	20.56	23.49
EV/EBITDA High	- -	- -	10	- -	10.96	- -	15.26	16.2	16.47	25.7	22.71	21.87	20.71	22.91	27.06
EV/EBITDA Low	- -	- -	9.5	- -	10.66	- -	15.26	14.46	14.74	16.48	20.02	17.52	19.02	20.08	22.57
EV/EBIT Average	- -	- -	11.51	- -	12.21	- -	17.97	17.7	17.68	25.16	25.9	24.06	22.8	24.27	29.9
EV/EBIT High	- -	- -	11.81	- -	12.37	- -	17.97	19.03	19.09	30.67	27.24	26.25	24.12	27.04	34.45
EV/EBIT Low	- -	- -	11.22	- -	12.04	- -	17.97	16.98	17.08	19.67	24	21.03	22.15	23.71	28.73
Last Price	- -	- -	158.27	- -	203.24	- -	281.34	292.74	328	430.88	405.5	427.1	408.44	408.44	385
High Price	- -	- -	158.27	- -	203.24	- -	281.34	317.92	349.48	432.7	460	440	408.44	462.78	476.6
Enterprise Value Average	- -	- -	63,105	- -	83,340	- -	112,861	113,026	121,085	130,445	159,067	144,791	139,110	155,029	152,011
Enterprise Value High	- -	- -	64,714	- -	84,483	- -	112,861	121,465	130,768	158,993	167,292	157,928	147,137	172,684	175,151
Enterprise Value Low	- -	- -	61,497	- -	82,197	- -	112,861	108,414	116,994	101,960	147,433	126,524	135,085	151,416	146,053

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	387	391	392	391	381	380	375	365	356	348	342	334	326	325	318
Diluted Weighted Avg Shares	396	396	399	398	395	388	386	377	365	356	350	342	334	328	321
Basic Weighted Avg Shares	390	391	393	392	390	382	381	372	361	352	346	339	332	325	320
Revenue per Share	93.57	96.28	99.33	102.77	98.95	102.84	106.37	112.52	101.83	92.71	99.36	104.76	99.57	106.67	117.19
EBITDA per Share	9.2	13	16.45	17.2	19.77	19	19.41	20.19	22.02	17.57	21.28	21.33	21.43	23.16	20.26
Operating Income per Share	6.59	10.62	13.99	14.87	17.51	15.83	16.54	18.05	19	16.18	17.91	18.98	18.43	20.49	20.55
Basic EPS, GAAP	5.29	7.48	9.98	10.81	12.23	12.59	4.05	18.21	17.04	13.57	16.01	14.67	17.07	17.53	14.8
Basic EPS from Cont Ops	4.78	7.49	10.08	11.04	12.43	12.69	4.17	18.38	17.28	13.82	16.21	14.67	14.87	15.35	13.98
Diluted EPS, GAAP	5.22	7.39	9.84	10.66	12.08	12.41	4	17.97	16.82	13.44	15.83	14.54	16.94	17.41	14.71
Diluted EPS from Cont Ops	4.71	7.4	9.94	10.89	12.28	12.51	4.11	18.14	17.06	13.68	16.02	14.54	14.75	15.24	13.9
Dividend per Share	2.79	3.1	3.44	3.85	4.43	5.01	5.56	6.12	6.77	7.36	7.59	8.03	8.61	8.92	9.31
Cash Flow per Share	7.26	8.99	11.02	12.95	14.15	14.39	15.66	17.32	19.13	17.63	17.44	15.58	16.11	18.73	20.06
Free Cash Flow per Basic Share	5.21	6.73	8.62	10.16	11.4	11.52	12.95	15.09	16.8	15.06	17.44	15.58	16.11	18.73	20.06
Cash & Equivalents per Share	10.8	11.84	16.39	17.79	14.32	24.61	28.81	29.91	29.3	43.69	33.65	30.29	24.84	31.68	40.71
Book Value per Share	27.9	33.15	44.57	45.15	47.98	50.92	43.95	49.84	52.02	50.37	54.23	50.02	48.65	57.31	43.77
Tangible Book Value per Share	-9.11	-4.85	4.87	6.8	-5.74	-7.81	-16.7	-4.13	-2.26	-5.94	-8.18	-12.05	-16.64	-27.77	-43.79