International Business Machines Corporation Financial Ratios — IBM

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 (%)	73.43	85.15	79.15	69.37	100.96	73.04	32.1	50.76	50.12	26.98	29.07	8.03	33.73	24.17	35.34
Return on Assets (%)	13.79	14.09	13.43	9.87	11.58	10.42	4.74	7.02	6.84	3.63	3.99	1.27	5.72	4.42	7.33
Return on Capital (%)	31.28	32.66	29.27	21.5	25.38	21.73	9.69	14.59	14.17	- -	8.59	- -	11.21	- -	- -
Return on Invested Capital (%)	29.29	29.96	27.33	23.47	23.01	21.71	9.86	14.41	8.7	- -	7.94	- -	9.52	- -	- -
Gross Margin (%)	46.89	48.95	49.49	50.01	49.77	48.19	46.68	46.41	54.64	55.94	54.9	54	55.45	56.65	58.19
EBITDA Margin (%)	24.51	26.08	25.41	24.81	23.91	22.44	22.02	21.4	22.44	15.09	22.9	21.39	21.58	23.32	24.94
Operating Margin (%)	20.5	22.35	21.86	21.92	20.2	18.36	16.6	16.61	13.06	8.45	11.97	13.5	15.17	16.05	18.5
Incremental Operating Margin (%)	27.49	- -	33.07	20.84	34.66	100.49	196.93	17.26	25.96	113.45	101.43	41.18	90.83	77.49	50.55
Pretax Margin (%)	19.64	21.91	20.58	21.54	19.51	15.43	14.41	14.25	12.49	4.66	8.43	1.91	14.05	9.24	15.29
Profit Margin (%)	14.83	16.14	16.76	12.96	16.14	14.85	7.27	10.97	16.34	10.13	10.01	2.71	12.13	9.6	15.68
Net Income to Common Margin (%)	14.83	16.14	16.76	12.96	16.14	14.85	7.27	10.97	16.34	10.13	10.01	2.71	12.13	9.6	15.68
Effective Tax Rate (%)	24.51	24.58	16.61	21.18	16.19	3.64	49.49	23.09	0.83	- -	2.56	- -	13.53	- -	- -
Dvd Payout Ratio (%)	21.9	22.2	24.04	27.08	36.64	44.24	95.62	64.95	79.86	147.43	124.55	333.6	80.38	102.19	59.17
Sustainable Growth Rate (%)	57.35	66.25	60.12	50.59	63.96	40.73	1.41	17.79	10.09	-12.8	-7.14	-18.76	6.62	-0.53	14.43

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	31,322	33,270	39,719	40,722	39,889	42,168	46,823	45,812	68,158	65,088	55,139	54,013	59,935	58,396	64,607
ST Debt	8,465	9,182	6,863	5,731	6,461	7,513	6,986	10,207	10,177	8,151	7,760	5,634	7,246	5,857	7,224
LT Debt	22,857	24,088	32,856	34,991	33,428	34,655	39,837	35,605	57,981	56,937	47,379	48,379	52,689	52,539	57,383
Total Debt/EBITDA	1.2	1.24	1.59	1.77	2.04	2.35	2.69	2.69	5.26	7.82	4.2	4.17	4.49	3.99	3.84
Net Debt/EBITDA	0.74	0.85	1.16	1.4	1.65	1.92	2	2.02	4.23	5.78	3.43	3.33	3.26	2.8	2.83
Total Debt/EBIT	1.46	1.5	1.96	2.2	2.54	3.11	3.63	3.65	9.89	39.91	8.21	6.63	6.7	5.86	5.46
Net Debt/EBIT	0.91	1.03	1.43	1.74	2.05	2.53	2.7	2.74	7.94	29.52	6.71	5.29	4.86	4.11	4.03
EBITDA to Interest Expense	63.77	58.46	62.17	47.57	41.76	28.47	28.33	23.56	9.64	6.46	11.37	10.65	8.31	8.55	8.7
EBITDA-CapEx/Interest Expense	52.41	48.18	51.87	38.93	32.89	21.88	22.2	18.07	7.47	3.96	8.98	9.03	7.18	7.57	7.81
EBIT to Interest Expense	53.34	50.09	53.48	42.02	35.27	23.3	21.36	18.28	5.61	3.62	5.94	6.72	5.84	5.88	6.46
Interest Expense	411	459	402	484	468	630	615	723	1,344	1,288	1,155	1,216	1,607	1,712	1,935
Common Equity/Total Assets	17.3	15.82	18.06	10.12	12.91	15.53	14.04	13.61	13.69	13.21	14.32	17.25	16.66	19.91	21.5
Long-Term Debt/Equity (%)	112.96	126.89	143.29	291.25	231.75	188.42	224.75	210.31	276.3	274.71	249.42	219.69	233	191.8	175.26
Long-Term Debt/Capital (%)	44.33	46.1	52.45	66.35	61.55	57.22	61.72	56.75	65.04	66.35	63.91	63.63	63.83	61.24	58.95
Long-Term Debt/Total Assets (%)	19.63	20.21	26.03	29.84	30.25	29.5	31.78	28.86	38.1	36.5	35.89	38.02	38.96	38.3	37.78
Total Debt/Equity (%)	154.79	175.25	173.23	338.95	276.55	229.27	264.16	270.6	324.79	314.04	290.27	245.28	265.05	213.18	197.33
Total Debt/Capital (%)	60.75	63.67	63.4	77.22	73.44	69.63	72.54	73.02	76.46	75.85	74.38	71.04	72.61	68.07	66.37
Total Debt/Total Assets (%)	26.9	27.91	31.47	34.72	36.1	35.9	37.35	37.13	44.79	41.73	41.77	42.45	44.32	42.57	42.54
Net Debt to Equity	95.87	120.41	126.49	268.4	223.26	186.72	196.62	203.38	260.79	232.29	237.17	195.55	192.27	149.77	145.61
Net Debt/Capital (%)	48.95	54.63	55.85	72.86	69.07	65.12	66.29	67.04	67.59	66.29	66.76	63.19	62.58	57.11	56.92
EBITDA	26,209	26,832	24,991	23,024	19,545	17,933	17,426	17,032	12,953	8,326	13,136	12,947	13,348	14,637	16,843
EBITDA-CapEx	21,542	22,115	20,851	18,841	15,394	13,783	13,653	13,068	10,046	5,096	10,368	10,975	11,538	12,952	15,105
Operating Income (Loss)	21,922	22,990	21,500	20,338	16,508	14,677	13,139	13,217	7,538	4,662	6,865	8,174	9,382	10,074	12,492

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	0.28	0.26	0.28	0.21	0.24	0.24	0.34	0.31	0.24	0.35	0.22	0.28	0.39	0.44	0.37
Current Ratio	1.21	1.13	1.28	1.2	1.24	1.21	1.33	1.29	1.02	0.98	0.88	0.92	0.96	1.04	0.96
Quick Ratio	0.98	0.96	1.07	1.02	1.07	1.04	1.18	1.11	0.87	0.77	0.66	0.73	0.8	0.86	0.8
CFO/Avg Current Liab	0.48	0.46	0.42	0.42	0.47	0.48	0.45	0.4	0.39	0.47	0.35	0.32	0.42	0.4	0.37
Common Equity/Total Assets	17.3	15.82	18.06	10.12	12.91	15.53	14.04	13.61	13.69	13.21	14.32	17.25	16.66	19.91	21.5
Long-Term Debt/Equity (%)	112.96	126.89	143.29	291.25	231.75	188.42	224.75	210.31	276.3	274.71	249.42	219.69	233	191.8	175.26
Long-Term Debt/Capital (%)	44.33	46.1	52.45	66.35	61.55	57.22	61.72	56.75	65.04	66.35	63.91	63.63	63.83	61.24	58.95
Long-Term Debt/Total Assets (%)	19.63	20.21	26.03	29.84	30.25	29.5	31.78	28.86	38.1	36.5	35.89	38.02	38.96	38.3	37.78
Total Debt/Equity (%)	154.79	175.25	173.23	338.95	276.55	229.27	264.16	270.6	324.79	314.04	290.27	245.28	265.05	213.18	197.33
Total Debt/Capital (%)	60.75	63.67	63.4	77.22	73.44	69.63	72.54	73.02	76.46	75.85	74.38	71.04	72.61	68.07	66.37
Total Debt/Total Assets (%)	26.9	27.91	31.47	34.72	36.1	35.9	37.35	37.13	44.79	41.73	41.77	42.45	44.32	42.57	42.54
CFO/Total Liabilities	20.63	19.54	16.93	16.03	17.96	17.24	15.54	14.32	11.26	13.45	11.32	9.92	12.37	12.25	11.07
CFO/CapEx	4.25	4.15	4.22	4.03	4.16	4.12	4.43	3.85	5.08	5.63	4.62	5.29	7.7	7.98	7.59
Altman's Z-Score	5.17	5.3	5.1	5.2	5.48	5.51	4.9	4.81	4.48	3.84	5.2	5.62	5.53	5.8	5.89

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	9.24	9.42	9.31	9.49	9.38	9.13	8.74	9.73	7.54	8.08	9.14	9.11	8.99	8.95	9.06
Days Sales Outstanding	39.51	38.76	39.21	38.46	38.9	40	41.76	37.51	48.39	45.18	39.92	40.08	40.58	40.77	40.31
Inventory Turnover	22.51	21.51	21.62	21.02	22.47	26.68	26.91	26.13	15.86	14.17	14.95	17.4	20.32	22.2	22.51
Days Inventory Outstanding	16.22	16.97	16.89	17.36	16.24	13.68	13.56	13.97	23.01	25.75	24.42	20.98	17.97	16.44	16.21
Accounts Payable Turnover	6.98	6.34	6.45	6.45	6.28	6.77	6.67	6.57	4.56	5.49	6.44	6.93	6.64	6.7	6.41
Accounts Payable Turnover Days	52.33	57.57	56.59	56.61	58.09	53.94	54.72	55.53	80.04	66.49	56.72	52.66	54.97	54.52	56.93
Cash Conversion Cycle	3.4	-1.85	-0.5	-0.79	-2.95	-0.26	0.61	-4.05	-8.64	4.44	7.62	8.41	3.58	2.69	-0.41
Inventory to Cash Days	23.29	21.79	22.32	21.1	22.66	26.31	28.2	23.54	25.38	19.43	15.5	19.1	22.61	24.33	24.09
Inventories	2,595	2,287	2,310	2,103	1,551	1,553	1,583	1,682	1,619	1,812	1,649	1,552	1,161	1,289	1,220
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	2,007	1,812	1,866	1,674	1,199	1,195	1,250	1,415	1,399	1,649	1,442	1,394	1,083	1,155	990
Finished Goods	589	475	444	430	352	358	333	266	220	163	208	158	78	134	230
Other Inventory	-1	- -	- -	-1	- -	- -	- -	1	- -	- -	-1	- -	- -	- -	- -

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	206,834	205,894	188,318	152,720	127,904	151,730	136,047	95,266	113,190	107,479	120,403	126,881	149,377	201,980	284,177
- Cash & Cash Equivalents	11,922	10,412	10,716	8,476	7,686	7,826	11,972	11,379	8,172	13,188	6,650	7,886	13,068	13,947	13,587
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	97	124	137	146	162	146	131	134	144	129	95	77	80	86	93
+ Total Debt	31,322	33,270	39,719	40,722	39,889	42,168	46,823	45,812	68,158	65,088	55,139	54,013	59,935	58,396	64,607
Enterprise Value	226,331	228,159	217,108	185,112	159,761	185,517	170,421	129,215	172,624	158,908	168,387	172,233	195,951	245,871	334,460
Total Capital	51,557	52,254	62,648	52,736	54,313	60,560	64,548	62,742	89,143	85,814	74,135	76,034	82,548	85,789	97,348
Total Debt/Capital (%)	60.75	63.67	63.4	77.22	73.44	69.63	72.54	73.02	76.46	75.85	74.38	71.04	72.61	68.07	66.37
Total Debt / EV	0.14	0.15	0.18	0.22	0.25	0.23	0.27	0.35	0.39	0.41	0.33	0.31	0.31	0.24	0.19
EV/Sales	2.12	2.22	2.21	1.99	1.95	2.32	2.15	1.62	2.99	2.88	2.94	2.85	3.17	3.92	4.95
EV/EBITDA	8.64	8.5	8.69	8.04	8.17	10.34	9.78	7.59	13.33	19.09	12.82	13.3	14.68	16.8	19.86
EV/EBIT	10.58	10.3	10.69	9.99	10.18	13.69	13.23	10.29	25.04	97.43	25.06	21.15	21.89	24.66	28.29
EV/Cash Flow to Firm	11.23	11.45	12.18	10.73	9.05	10.49	10	8.18	10.72	- -	12.1	- -	12.79	- -	- -
EV/Free Cash Flow to Firm	14.61	15	15.87	14.17	11.84	13.7	12.85	10.91	13.08	- -	15.1	- -	14.5	- -	- -
Diluted Market Cap	215,835	212,902	197,000	155,723	130,152	153,788	138,293	97,809	113,916	107,954	121,278	127,746	150,534	204,351	287,733
Diluted Enterprise Value	235,332	235,167	225,790	188,115	162,009	187,575	172,667	131,758	173,350	159,383	169,262	173,098	197,108	248,242	338,016
EV per Share	194.58	204.19	205.91	186.88	165.43	196.13	184.8	144.78	194.59	178.02	187.5	190.08	214.15	265.44	356.97
TTM Sales	106,916	102,874	98,368	92,793	81,742	79,920	79,139	79,591	57,714	55,179	57,351	60,530	61,860	62,753	67,536
TTM EBITDA	26,209	26,832	24,991	23,024	19,545	17,933	17,426	17,032	12,953	8,326	13,136	12,947	13,348	14,637	16,843
TTM Operating Income	21,922	22,990	21,500	20,338	16,508	14,677	13,139	13,217	7,538	4,662	6,865	8,174	9,382	10,074	12,492
TTM Cash Flow to Firm	20,156	19,932	17,820	17,249	17,647	17,691	17,035	15,803	16,103	- -	13,921	- -	15,321	- -	- -
TTM Free Cash Flow to Firm	15,489	15,215	13,680	13,066	13,496	13,541	13,262	11,839	13,196	- -	11,153	- -	13,511	- -	- -

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	14.22	14.32	14.76	12.28	9.93	11.89	10.68	8.67	9.6	7.21	12.09	15.09	12.42	17.38	25.12
EV/EBIT	10.58	10.3	10.69	9.99	10.18	13.69	13.23	10.29	25.04	97.43	25.06	21.15	21.89	24.66	28.29
Enterprise Value	226,331	228,159	217,108	185,112	159,761	185,517	170,421	129,215	172,624	158,908	168,387	172,233	195,951	245,871	334,460
Low Price	15.83	172.52	165.99	146.14	127.1	113.39	132.77	106.74	111.13	88.03	112.18	117.15	121.15	157.33	214.2
EV/Sales	2.12	2.22	2.21	1.99	1.95	2.32	2.15	1.62	2.99	2.88	2.94	2.85	3.17	3.92	4.95
EV/EBITDA	8.64	8.5	8.69	8.04	8.17	10.34	9.78	7.59	13.33	19.09	12.82	13.3	14.68	16.8	19.86
Price/Earnings	13.42	12.68	11.86	12.88	9.83	12.91	23.92	11.15	12	19.18	20.92	77.07	19.83	33.37	26.69
Price/Earnings Average	9.56	12.99	12.34	14.52	11.11	11.57	24.51	14.43	12.35	19.04	20.19	73.45	16.88	29.74	23.44
Price/Earnings High	13.95	14	13.74	15.96	12.47	13.28	29.15	17.03	13.67	24.13	22.75	83.25	20.27	36.93	28.88
Price/Earnings Low	1.19	11.87	11.02	12.21	9.43	9.12	21.53	11.15	10.45	14.02	17.5	64.48	14.72	24.08	18.85
Price/Book Value	10.27	10.92	8.26	12.87	8.97	8.32	7.73	5.67	5.43	5.22	6.37	5.78	6.63	7.4	8.7
Price/Book Value Average	7.31	11.19	8.6	14.51	10.14	7.46	7.92	7.34	5.59	5.18	6.15	5.51	5.64	6.59	7.64
Price/Book Value High	10.67	12.06	9.57	15.95	11.38	8.56	9.42	8.66	6.19	6.57	6.93	6.25	6.78	8.19	9.42
Price/Book Value Low	0.91	10.22	7.68	12.2	8.61	5.88	6.96	5.67	4.73	3.82	5.33	4.84	4.92	5.34	6.15
Price/Tangible Book Value	-21.84	-14.53	-15.36	-7.01	-6.02	-6.7	-5.93	-4.22	-2.15	-2.29	-2.44	-2.81	-3.07	-4.58	-6.12
Price/Tangible Book Value Average	-15.55	-14.88	-15.98	-7.9	-6.81	-6.01	-6.08	-5.46	-2.21	-2.28	-2.36	-2.68	-2.61	-4.09	-5.37
Price/Tangible Book Value High	-22.69	-16.04	-17.79	-8.69	-7.64	-6.9	-7.23	-6.45	-2.45	-2.88	-2.66	-3.03	-3.14	-5.07	-6.62
Price/Tangible Book Value Low	-1.94	-13.6	-14.27	-6.64	-5.78	-4.74	-5.34	-4.22	-1.87	-1.68	-2.05	-2.35	-2.28	-3.31	-4.32
Price/Sales	1.99	2.05	1.99	1.67	1.59	1.92	1.74	1.22	1.96	1.94	2.09	2.09	2.4	3.2	4.19
Price/Sales Average	1.42	2.1	2.07	1.88	1.79	1.72	1.78	1.58	2.02	1.93	2.02	1.99	2.05	2.85	3.68
Price/Sales High	2.07	2.26	2.3	2.07	2.01	1.97	2.12	1.87	2.23	2.44	2.28	2.26	2.46	3.54	4.53
Price/Sales Low	0.18	1.92	1.85	1.58	1.52	1.36	1.56	1.22	1.71	1.42	1.75	1.75	1.78	2.31	2.96
Price/Cash Flow	10.72	10.75	11.18	9.18	7.51	8.97	8.23	6.38	7.66	5.89	9.39	12.11	10.68	14.95	21.43
Price/Cash Flow Average	7.64	11.01	11.63	10.35	8.5	8.04	8.43	8.26	7.89	5.85	9.06	11.54	9.09	13.32	18.82
Price/Cash Flow High	11.14	11.87	12.95	11.38	9.53	9.23	10.03	9.75	8.73	7.41	10.21	13.08	10.91	16.54	23.19
Price/Cash Flow Low	0.95	10.06	10.39	8.7	7.21	6.34	7.41	6.38	6.68	4.31	7.85	10.13	7.92	10.79	15.14
Price/Free Cash Flow Average	10.13	14.67	15.36	13.84	11.23	10.66	10.94	11.21	9.88	7.16	11.67	14.38	10.57	15.49	22.06
Price/Free Cash Flow High	14.77	15.81	17.11	15.22	12.61	12.23	13.01	13.23	10.94	9.08	13.15	16.3	12.69	19.23	27.18
Price/Free Cash Flow Low	1.27	13.41	13.72	11.64	9.53	8.4	9.61	8.67	8.36	5.27	10.12	12.63	9.22	12.54	17.74
EV/Sales Average	1.56	2.27	2.28	2.2	2.16	2.12	2.2	1.97	3.05	2.87	2.86	2.75	2.81	3.57	4.44
EV/Sales High	2.19	2.43	2.51	2.39	2.38	2.38	2.53	2.25	3.26	3.38	3.12	3.01	3.22	4.26	5.3
EV/Sales Low	0.35	2.09	2.07	1.91	1.89	1.76	1.98	1.62	2.74	2.36	2.59	2.5	2.54	3.02	3.72
EV/EBITDA Average	6.36	8.69	8.99	8.89	9.03	9.47	9.97	9.23	13.58	19	12.5	12.84	13.02	15.3	17.8
EV/EBITDA High	8.94	9.3	9.88	9.63	9.94	10.59	11.49	10.53	14.54	22.42	13.62	14.09	14.93	18.27	21.24
EV/EBITDA Low	1.45	8.01	8.16	7.69	7.91	7.86	9	7.59	12.2	15.61	11.32	11.7	11.79	12.96	14.9
EV/EBIT Average	7.8	10.53	11.06	11.04	11.25	12.53	13.49	12.52	25.52	96.98	24.44	20.41	19.41	22.46	25.36
EV/EBIT High	10.96	11.27	12.16	11.96	12.38	14.01	15.54	14.29	27.32	114.46	26.62	22.39	22.26	26.82	30.26
EV/EBIT Low	1.77	9.71	10.03	9.56	9.85	10.41	12.17	10.29	22.92	79.71	22.14	18.6	17.59	19.02	21.23
Last Price	177.82	184.27	178.6	154.18	132.44	160.41	147.53	106.74	127.59	120.4	134.07	140.03	163.25	218.05	303.3
High Price	184.73	203.49	206.95	191.1	168.1	165.06	179.8	162.95	145.35	151.52	145.76	151.26	166.84	241.32	328.18
Enterprise Value Average	166,783	233,222	224,710	204,577	176,509	169,819	173,787	157,175	175,922	158,170	164,209	166,260	173,743	223,901	299,828
Enterprise Value High	234,374	249,643	246,997	221,683	194,200	189,911	200,180	179,379	188,371	186,684	178,890	182,404	199,239	267,423	357,771
Enterprise Value Low	37,905	215,039	203,804	177,145	154,600	141,035	156,810	129,215	158,017	130,008	148,728	151,499	157,430	189,628	250,975

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	1,163	1,117	1,054	991	966	946	922	892	887	893	898	906	915	926	937
Diluted Weighted Avg Shares	1,214	1,155	1,103	1,010	983	959	937	916	893	897	905	912	922	937	949
Basic Weighted Avg Shares	1,197	1,143	1,095	1,004	979	955	933	912	887	890	896	903	911	922	932
Revenue per Share	89.32	90.04	89.87	92.4	83.52	83.65	84.84	87.27	65.05	61.98	64.01	67.06	67.89	68.08	72.44
EBITDA per Share	21.9	23.49	22.83	22.93	19.97	18.77	18.68	18.68	14.6	9.35	14.66	14.34	14.65	15.88	18.07
Operating Income per Share	18.31	20.12	19.64	20.25	16.87	15.36	14.09	14.49	8.5	5.24	7.66	9.06	10.3	10.93	13.4
Basic EPS, GAAP	13.25	14.53	15.06	11.97	13.48	12.43	6.17	9.57	10.63	6.28	6.41	1.82	8.23	6.53	11.36
Basic EPS from Cont Ops	13.25	14.88	15.42	15.68	13.65	12.44	6.17	9.56	8.05	4.42	5.26	1.98	8.25	6.53	11.34
Diluted EPS, GAAP	13.06	14.37	14.94	11.9	13.42	12.38	6.14	9.53	10.56	6.23	6.35	1.8	8.14	6.43	11.17
Diluted EPS from Cont Ops	13.06	14.71	15.3	15.6	13.6	12.39	6.14	9.52	8	4.39	5.21	1.95	8.15	6.42	11.14
Dividend per Share	2.9	3.3	3.71	4.25	5	5.5	5.9	6.21	6.43	6.51	6.55	6.59	6.63	6.67	6.71
Cash Flow per Share	16.58	17.14	15.98	16.8	17.63	17.88	17.93	16.72	16.65	20.44	14.28	11.56	15.29	14.59	14.15
Free Cash Flow per Basic Share	12.68	13.01	12.19	12.63	13.39	13.54	13.88	12.37	13.37	16.81	11.19	9.38	13.3	12.76	12.29
Cash & Equivalents per Share	10.25	9.96	10.5	8.56	8.48	9.02	13.64	13.44	10	15.45	8.07	9.64	14.69	15.75	15.39
Book Value per Share	17.31	16.88	21.62	11.98	14.77	19.29	19.08	18.82	23.49	23.07	21.05	24.22	24.63	29.48	34.84
Tangible Book Value per Share	-8.14	-12.69	-11.63	-22	-22	-23.94	-24.87	-25.27	-59.31	-52.55	-54.84	-49.87	-53.2	-47.57	-49.59