Norwegian Cruise Line Holdings Ltd. Financial Ratios — NCLH/N

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 (%)	7.08	8.75	4.4	11.04	11.7	15.22	14.77	16.3	14.91	-73.83	-132.81	-181.5	89.97	105.46	23.29
Return on Assets (%)	2.28	2.93	1.62	3.73	3.6	5.02	5.61	6.52	5.83	-22.87	-24.28	-12.18	0.87	4.61	1.99
Return on Capital (%)	6.4	7.24	6.58	- -	6.53	8.59	8.91	9.96	- -	- -	- -	- -	- -	- -	8.71
Return on Invested Capital (%)	6.35	7.19	6.6	- -	6.99	8.67	9	9.8	- -	- -	- -	- -	- -	- -	9.84
Gross Margin (%)	33.86	35.05	35.51	37.73	38.89	41.53	43.23	44.23	43.31	-32.28	-148.16	11.91	36.04	39.99	42.62
EBITDA Margin (%)	23.75	25.18	24.94	25.84	26.53	28.13	29.1	29.5	28.24	-214.43	-276.82	-15.31	21.22	25.73	27.71
Operating Margin (%)	14.24	15.69	15.4	16.09	16.17	18.99	19.44	20.13	18.23	-146.6	-393.89	-32.04	10.89	15.46	15.88
Incremental Operating Margin (%)	41.27	72	13.19	19.27	16.37	42.13	23.64	25.84	- -	58.94	106.98	23.85	66.99	57.54	27.29
Pretax Margin (%)	5.79	7.44	4.46	10.89	9.99	13.14	14.28	16.01	14.1	-312.53	-694.66	-47	1.91	8.15	4.36
Profit Margin (%)	5.72	7.4	3.96	10.82	9.83	12.99	14.08	15.77	14.39	-313.5	-695.48	-46.86	1.94	9.6	4.31
Net Income to Common Margin (%)	5.72	7.4	3.96	10.82	9.83	12.99	14.08	15.77	14.39	-313.5	-695.48	-46.86	1.94	9.6	4.31
Effective Tax Rate (%)	1.32	0.42	10.29	- -	1.56	1.13	1.39	1.49	- -	- -	- -	- -	- -	- -	1.28
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	7.08	8.75	4.4	11.04	11.7	15.22	14.77	16.3	14.91	-73.83	-132.81	-181.5	89.97	105.46	23.29

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	3,038	2,985	3,128	6,080	6,398	6,399	6,308	6,492	6,802	11,806	12,447	13,622	14,059	13,100	14,606
ST Debt	201	221	287	577	630	560	619	681	746	125	877	991	1,745	1,324	876
LT Debt	2,837	2,764	2,841	5,503	5,768	5,838	5,688	5,811	6,055	11,681	11,570	12,630	12,314	11,777	13,730
Total Debt/EBITDA	5.76	5.21	4.88	7.53	5.55	4.67	4.02	3.63	3.73	-4.3	-6.94	-18.37	7.75	5.37	5.36
Net Debt/EBITDA	5.65	5.13	4.79	7.42	5.45	4.57	3.9	3.54	3.59	-3.1	-6.1	-17.09	7.53	5.29	5.29
Total Debt/EBIT	9.61	8.36	7.9	12.09	9.11	6.91	6.01	5.33	5.77	-3.39	-4.88	-8.78	15.1	8.94	9.36
Net Debt/EBIT	9.42	8.23	7.76	11.92	8.94	6.78	5.85	5.19	5.56	-2.44	-4.29	-8.17	14.67	8.81	9.22
EBITDA to Interest Expense	2.77	3.02	2.27	5.32	5.2	4.95	5.86	6.61	7.98	-5.69	-0.87	-0.93	2.49	3.26	2.86
EBITDA-CapEx/Interest Expense	1.8	1.42	-0.84	-1.03	0.14	1.01	0.74	0.81	0.82	-7.65	-1.23	-3.15	-1.29	1.64	-0.56
EBIT to Interest Expense	1.66	1.88	1.4	3.31	3.17	3.34	3.92	4.51	5.15	-3.89	-1.23	-1.94	1.28	1.96	1.64
Interest Expense	190	190	283	152	222	277	268	270	229	482	2,073	802	728	747	954
Common Equity/Total Assets	33.16	33.85	39.23	30.68	30.83	34.98	40.79	39.21	39.05	23.66	12.99	0.37	1.54	7.14	9.8
Long-Term Debt/Equity (%)	153.84	136.92	107.98	156.39	152.55	128.67	98.93	97.45	92.94	268.28	475.6	18,414.08	4,093.7	826.18	621.31
Long-Term Debt/Capital (%)	58.12	55.24	49.33	57.33	56.67	53.39	47.18	46.65	45.47	72.28	77.76	92.26	85.75	81.07	81.65
Long-Term Debt/Total Assets (%)	51.01	46.55	42.72	47.98	47.03	45	40.36	38.21	36.29	63.49	61.77	68.06	63.17	58.97	60.91
Total Debt/Equity (%)	164.71	147.88	118.87	172.79	169.21	141.01	109.7	108.87	104.39	271.15	511.65	19,859.06	4,673.74	919.05	660.95
Total Debt/Capital (%)	62.22	59.66	54.31	63.34	62.85	58.51	52.31	52.12	51.07	73.06	83.65	99.5	97.91	90.19	86.86
Total Debt/Total Assets (%)	54.62	50.27	47.03	53.01	52.16	49.32	44.75	42.69	40.77	64.17	66.45	73.4	72.12	65.6	64.8
Net Debt to Equity	161.52	145.62	116.72	170.38	166.14	138.18	106.64	106.13	100.51	195.35	449.71	18,478.43	4,539.96	905.67	651.45
Net Debt/Capital (%)	61.76	59.29	53.86	63.01	62.43	58.02	51.61	51.49	50.13	66.14	81.81	99.46	97.84	90.06	86.69
EBITDA	527	573	641	808	1,153	1,371	1,570	1,786	1,825	-2,745	-1,794	-742	1,814	2,439	2,723
EBITDA-CapEx	342	269	-236	-157	30	279	198	219	188	-3,691	-2,547	-2,526	-936	1,228	-537
Operating Income (Loss)	316	357	396	503	702	925	1,049	1,219	1,178	-1,876	-2,552	-1,552	931	1,466	1,561

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	0.07	0.05	0.05	0.04	0.05	0.06	0.07	0.05	0.07	1.72	0.47	0.19	0.07	0.03	0.04
Current Ratio	0.19	0.17	0.17	0.14	0.14	0.18	0.21	0.17	0.2	1.86	0.89	0.37	0.22	0.17	0.21
Quick Ratio	0.08	0.06	0.07	0.06	0.07	0.08	0.09	0.07	0.09	1.74	0.78	0.25	0.11	0.07	0.09
CFO/Avg Current Liab	0.49	0.45	0.47	0.4	0.47	0.54	0.67	0.74	0.54	-0.93	-0.87	0.05	0.36	0.35	0.37
Common Equity/Total Assets	33.16	33.85	39.23	30.68	30.83	34.98	40.79	39.21	39.05	23.66	12.99	0.37	1.54	7.14	9.8
Long-Term Debt/Equity (%)	153.84	136.92	107.98	156.39	152.55	128.67	98.93	97.45	92.94	268.28	475.6	18,414.08	4,093.7	826.18	621.31
Long-Term Debt/Capital (%)	58.12	55.24	49.33	57.33	56.67	53.39	47.18	46.65	45.47	72.28	77.76	92.26	85.75	81.07	81.65
Long-Term Debt/Total Assets (%)	51.01	46.55	42.72	47.98	47.03	45	40.36	38.21	36.29	63.49	61.77	68.06	63.17	58.97	60.91
Total Debt/Equity (%)	164.71	147.88	118.87	172.79	169.21	141.01	109.7	108.87	104.39	271.15	511.65	19,859.06	4,673.74	919.05	660.95
Total Debt/Capital (%)	62.22	59.66	54.31	63.34	62.85	58.51	52.31	52.12	51.07	73.06	83.65	99.5	97.91	90.19	86.86
Total Debt/Total Assets (%)	54.62	50.27	47.03	53.01	52.16	49.32	44.75	42.69	40.77	64.17	66.45	73.4	72.12	65.6	64.8
CFO/Total Liabilities	9.6	10.17	11.82	7.99	12.28	14.98	19.19	22.45	17.92	-18.2	-15.14	1.14	10.45	11.05	10.28
CFO/CapEx	1.93	1.31	0.54	0.66	0.93	1.16	1.17	1.32	1.11	-2.7	-3.28	0.12	0.73	1.69	0.64
Altman's Z-Score	- -	- -	- -	1.06	1.47	1.39	1.66	1.43	1.57	0.16	-0.51	-0.61	0.07	0.38	0.39

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	276.76	196.05	154.27	123.33	112.23	90.09	100.7	122.07	99.15	26.75	1.09	6.49	28.19	37.79	38.31
Days Sales Outstanding	1.32	1.86	2.37	2.96	3.25	4.05	3.62	2.99	3.68	13.64	334.6	56.28	12.95	9.66	9.53
Inventory Turnover	42.55	38.95	39.75	38.83	46.29	45.81	41.3	39.19	39.47	19.04	16.03	31.97	35.7	37.02	39.17
Days Inventory Outstanding	8.58	9.37	9.18	9.4	7.88	7.97	8.84	9.31	9.25	19.17	22.76	11.42	10.22	9.86	9.32
Accounts Payable Turnover	20.33	18.59	20.03	20.76	36.04	68.47	67.36	31.79	28.18	18.27	10.39	18.61	27.18	32.89	33.03
Accounts Payable Turnover Days	17.95	19.64	18.22	17.58	10.13	5.33	5.42	11.48	12.95	19.98	35.12	19.62	13.43	11.1	11.05
Cash Conversion Cycle	-8.05	-8.4	-6.67	-5.22	1.01	6.69	7.04	0.82	-0.02	12.83	322.25	48.08	9.74	8.42	7.79
Inventory to Cash Days	-7.26	-7.51	-6.82	-6.44	-4.63	-3.92	-5.21	-6.32	-5.57	-5.52	311.84	44.86	2.72	-0.2	0.21
Inventories	36	40	44	57	58	66	82	90	95	82	118	149	158	150	138
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	36	40	44	57	58	66	82	90	95	82	118	149	158	150	138

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	- -	- -	- -	9,944	13,596	9,944	12,205	8,900	12,228	8,047	8,664	5,133	8,569	11,408	10,242
- Cash & Cash Equivalents	59	46	56	85	116	128	176	164	253	3,300	1,507	947	402	191	210
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	8	22	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	3,038	2,985	3,128	6,080	6,398	6,399	6,308	6,492	6,802	11,806	12,447	13,622	14,059	13,100	14,606
Enterprise Value	- -	- -	- -	15,939	19,878	16,214	18,337	15,228	18,777	16,553	19,364	17,808	22,226	24,318	24,638
Total Capital	4,883	5,004	5,759	9,599	10,178	10,936	12,058	12,455	13,317	16,160	14,879	13,690	14,360	14,526	16,816
Total Debt/Capital (%)	62.22	59.66	54.31	63.34	62.85	58.51	52.31	52.12	51.07	73.06	83.65	99.5	97.91	90.19	86.86
Total Debt / EV	- -	- -	- -	0.38	0.32	0.39	0.34	0.43	0.36	0.71	0.64	0.76	0.63	0.54	0.59
EV/Sales	- -	- -	- -	5.1	4.57	3.33	3.4	2.51	2.91	12.93	29.88	3.68	2.6	2.57	2.51
EV/EBITDA	- -	- -	- -	19.73	17.24	11.83	11.68	8.53	10.29	- -	- -	- -	12.25	9.97	9.05
EV/EBIT	- -	- -	- -	31.69	28.3	17.52	17.48	12.49	15.94	- -	- -	- -	23.88	16.59	15.79
EV/Cash Flow to Firm	- -	- -	- -	- -	15.77	10.54	9.83	6.5	- -	- -	- -	- -	- -	- -	8.13
EV/Free Cash Flow to Firm	- -	- -	- -	- -	144.16	36.38	37.19	19.66	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	9,262	13,729	9,971	12,253	9,177	12,423	6,495	7,595	5,113	8,606	13,358	10,748
Diluted Enterprise Value	- -	- -	- -	15,257	20,011	16,241	18,384	15,505	18,972	15,000	18,295	17,788	22,263	26,268	25,144
EV per Share	- -	- -	- -	70.02	87.25	71.35	80.24	69.97	88.12	52.44	46.45	42.26	52.23	55.29	54.12
TTM Sales	2,219	2,276	2,570	3,126	4,345	4,874	5,396	6,055	6,462	1,280	648	4,844	8,550	9,480	9,828
TTM EBITDA	527	573	641	808	1,153	1,371	1,570	1,786	1,825	-2,745	-1,794	-742	1,814	2,439	2,723
TTM Operating Income	316	357	396	503	702	925	1,049	1,219	1,178	-1,876	-2,552	-1,552	931	1,466	1,561
TTM Cash Flow to Firm	545	588	729	- -	1,261	1,538	1,865	2,342	- -	- -	- -	- -	- -	- -	3,031
TTM Free Cash Flow to Firm	360	284	-148	- -	138	446	493	775	- -	- -	- -	- -	- -	- -	-229

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	- -	- -	- -	-28.15	-170.43	57.97	53.5	18.05	66.99	-1.85	-2.36	-3.25	-11.56	15.92	-9.19
EV/EBIT	- -	- -	- -	31.69	28.3	17.52	17.48	12.49	15.94	- -	- -	- -	23.88	16.59	15.79
Enterprise Value	- -	- -	- -	15,939	19,878	16,214	18,337	15,228	18,777	16,553	19,364	17,808	22,226	24,318	24,638
Low Price	- -	- -	- -	33.45	50.28	33.73	44.06	40.89	42.49	7.93	17.71	10.39	11.86	14.91	14.9
EV/Sales	- -	- -	- -	5.1	4.57	3.33	3.4	2.51	2.91	12.93	29.88	3.68	2.6	2.57	2.51
EV/EBITDA	- -	- -	- -	19.73	17.24	11.83	11.68	8.53	10.29	- -	- -	- -	12.25	9.97	9.05
Price/Earnings	- -	- -	- -	26.67	31.66	15.7	16.03	9.55	13.26	- -	- -	- -	51.43	12.4	23.84
Price/Earnings Average	- -	- -	- -	21.77	30.72	14.78	16.69	12.15	11.89	- -	- -	- -	41.49	9.44	23.23
Price/Earnings High	- -	- -	- -	26.67	33.77	19.12	18.02	14.22	13.26	- -	- -	- -	57.69	13.6	30.81
Price/Earnings Low	- -	- -	- -	20.42	26.67	12.1	13.22	9.55	9.82	- -	- -	- -	30.28	7.13	15.79
Price/Book Value	- -	- -	- -	2.83	3.6	2.19	2.12	1.49	1.88	1.85	3.56	74.84	28.49	8	4.63
Price/Book Value Average	- -	- -	- -	2.31	3.49	2.06	2.21	1.9	1.68	1.37	4.54	99.94	22.98	6.09	4.52
Price/Book Value High	- -	- -	- -	2.83	3.84	2.67	2.39	2.22	1.88	4.24	5.82	146.47	31.95	8.78	5.99
Price/Book Value Low	- -	- -	- -	2.16	3.03	1.69	1.75	1.49	1.39	0.57	3.04	63.82	16.77	4.6	3.07
Price/Tangible Book Value	- -	- -	- -	8.8	9.3	4.44	3.5	2.39	2.84	2.14	4.72	-9.68	-28.77	14.46	6.51
Price/Tangible Book Value Average	- -	- -	- -	7.18	9.02	4.18	3.64	3.04	2.55	1.59	6.02	-12.93	-23.21	11	6.34
Price/Tangible Book Value High	- -	- -	- -	8.8	9.92	5.41	3.93	3.56	2.84	4.91	7.72	-18.95	-32.27	15.85	8.41
Price/Tangible Book Value Low	- -	- -	- -	6.74	7.83	3.42	2.89	2.39	2.11	0.67	4.03	-8.26	-16.94	8.31	4.31
Price/Sales	- -	- -	- -	2.89	3.11	2.04	2.26	1.51	1.91	5.07	11.72	1.06	1	1.19	1.03
Price/Sales Average	- -	- -	- -	2.36	3.02	1.92	2.35	1.92	1.71	3.76	14.94	1.41	0.81	0.91	1
Price/Sales High	- -	- -	- -	2.89	3.32	2.48	2.54	2.24	1.91	11.63	19.15	2.07	1.12	1.31	1.33
Price/Sales Low	- -	- -	- -	2.21	2.62	1.57	1.86	1.51	1.41	1.58	9.99	0.9	0.59	0.68	0.68
Price/Cash Flow	- -	- -	- -	14.19	12.98	7.86	7.61	4.39	6.77	-2.54	-3.08	24.35	4.26	5.51	4.83
Price/Cash Flow Average	- -	- -	- -	11.59	12.59	7.4	7.92	5.59	6.07	-1.88	-3.92	32.51	3.44	4.19	4.7
Price/Cash Flow High	- -	- -	- -	14.19	13.84	9.58	8.55	6.54	6.77	-5.82	-5.03	47.65	4.78	6.04	6.24
Price/Cash Flow Low	- -	- -	- -	10.87	10.93	6.06	6.28	4.39	5.01	-0.79	-2.62	20.76	2.51	3.17	3.2
Price/Free Cash Flow Average	- -	- -	- -	-22.98	-165.35	54.59	55.71	22.97	60.07	-1.37	-3.01	-4.34	-9.32	12.12	-8.95
Price/Free Cash Flow High	- -	- -	- -	-28.15	-181.79	70.62	60.13	26.88	66.99	-4.25	-3.85	-6.36	-12.96	17.46	-11.87
Price/Free Cash Flow Low	- -	- -	- -	-21.56	-143.58	44.69	44.14	18.05	49.61	-0.58	-2.01	-2.77	-6.81	9.15	-6.09
EV/Sales Average	- -	- -	- -	4.51	4.48	3.21	3.49	2.92	2.71	11.31	33.55	4.03	2.41	2.28	2.48
EV/Sales High	- -	- -	- -	5.1	4.78	3.77	3.68	3.23	2.91	21.06	38.36	4.69	2.72	2.68	2.81
EV/Sales Low	- -	- -	- -	4.35	4.08	2.86	3	2.51	2.41	8.6	27.91	3.52	2.19	2.05	2.16
EV/EBITDA Average	- -	- -	- -	17.47	16.89	11.4	12	9.88	9.6	- -	- -	- -	11.34	8.85	8.95
EV/EBITDA High	- -	- -	- -	19.73	18.03	13.41	12.64	10.96	10.29	- -	- -	- -	12.83	10.42	10.15
EV/EBITDA Low	- -	- -	- -	16.85	15.39	10.16	10.32	8.53	8.55	- -	- -	- -	10.31	7.98	7.78
EV/EBIT Average	- -	- -	- -	28.06	27.72	16.89	17.97	14.48	14.87	- -	- -	- -	22.1	14.73	15.62
EV/EBIT High	- -	- -	- -	31.69	29.59	19.86	18.93	16.06	15.94	- -	- -	- -	24.99	17.34	17.7
EV/EBIT Low	- -	- -	- -	27.06	25.25	15.06	15.45	12.49	13.24	- -	- -	- -	20.09	13.28	13.57
Last Price	- -	- -	- -	43.69	59.68	43.76	53.41	40.89	57.39	25.5	20.78	12.18	20.14	25.94	22.5
High Price	- -	- -	- -	43.69	63.66	53.31	60.03	60.9	57.39	58.44	33.96	23.84	22.59	28.44	29.07
Enterprise Value Average	- -	- -	- -	14,113	19,473	15,635	18,842	17,653	17,513	14,470	21,743	19,529	20,569	21,593	24,375
Enterprise Value High	- -	- -	- -	15,939	20,784	18,384	19,851	19,583	18,777	26,950	24,858	22,721	23,268	25,418	27,631
Enterprise Value Low	- -	- -	- -	13,611	17,736	13,936	16,202	15,228	15,603	11,009	18,083	17,052	18,702	19,469	21,181

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	200	200	205	228	228	227	229	218	213	316	417	421	426	440	455
Diluted Weighted Avg Shares	203	200	209	212	230	228	229	224	216	255	365	420	427	515	478
Basic Weighted Avg Shares	200	200	203	207	227	227	228	223	215	255	365	420	424	435	449
Revenue per Share	11.07	11.35	12.66	15.14	19.18	21.46	23.66	27.15	30.07	5.02	1.77	11.54	20.14	21.78	21.91
EBITDA per Share	2.63	2.86	3.16	3.91	5.09	6.04	6.89	8.01	8.49	-10.77	-4.91	-1.77	4.27	5.6	6.07
Operating Income per Share	1.58	1.78	1.95	2.44	3.1	4.07	4.6	5.47	5.48	-7.37	-6.98	-3.7	2.19	3.37	3.48
Basic EPS, GAAP	0.63	0.84	0.5	1.64	1.89	2.79	3.33	4.28	4.33	-15.75	-12.33	-5.41	0.39	2.09	0.94
Basic EPS from Cont Ops	0.63	0.84	0.51	1.66	1.89	2.79	3.33	4.28	4.33	-15.75	-12.33	-5.41	0.39	2.09	0.94
Diluted EPS, GAAP	0.62	0.84	0.49	1.6	1.86	2.78	3.31	4.25	4.3	-15.75	-12.33	-5.41	0.39	1.77	0.89
Diluted EPS from Cont Ops	0.62	0.84	0.49	1.62	1.86	2.78	3.31	4.25	4.3	-15.75	-12.33	-5.41	0.39	1.77	0.89
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.78	1.99	2.34	3.08	4.6	5.57	7.02	9.31	8.48	-10.04	-6.75	0.5	4.73	4.71	4.66
Free Cash Flow per Basic Share	0.86	0.47	-1.98	-1.59	-0.36	0.76	1	2.28	0.86	-13.75	-8.81	-3.75	-1.75	1.93	-2.61
Cash & Equivalents per Share	0.29	0.23	0.28	0.37	0.51	0.56	0.77	0.75	1.19	10.46	4.19	2.25	0.95	0.43	0.46
Book Value per Share	9.2	10.03	12.72	15.46	16.6	19.97	25.16	27.4	30.58	13.79	5.84	0.16	0.71	3.24	4.85
Tangible Book Value per Share	6.19	6.98	9.74	4.97	6.42	9.86	15.26	17.13	20.17	11.9	4.4	-1.26	-0.7	1.79	3.46