Sherwin-Williams Company (The) Financial Ratios — SHW 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 (%)	32.14	41.42	43.95	63.42	113.05	82.49	62.53	30.05	39.25	52.51	61.65	72.94	70.07	69.05	59.39
Return on Assets (%)	8.5	11.01	11.93	14.33	18.36	18.08	12.97	5.68	7.78	9.93	9.08	9.34	10.49	11.51	10.37
Return on Capital (%)	18.09	22	22.77	28.93	39.05	37.36	- -	10.33	13.13	16.3	15.49	15.75	17.4	19.08	17.47
Return on Invested Capital (%)	15.79	19.33	20.43	25.08	33.92	32.62	- -	10.03	12.29	15.38	14.46	15.07	16.52	17.71	16.56
Gross Margin (%)	42.72	44.12	45.32	46.4	49.03	49.94	44.84	42.31	44.89	47.29	42.83	42.1	46.67	48.47	48.85
EBITDA Margin (%)	10.91	11.71	13.1	13.5	16	16.28	14.57	13.33	15.91	18.63	15.71	16.18	18.12	19.2	19.05
Operating Margin (%)	8.84	9.86	11.31	11.73	14.24	14.45	11.34	10.78	13.55	15.54	13.36	13.55	15.64	16.29	16.11
Incremental Operating Margin (%)	2.91	21.49	32.53	16.3	147.38	18.99	- -	7.5	146.06	93.04	- -	15.24	67.09	333.69	7.31
Pretax Margin (%)	8.46	9.52	10.66	11.31	13.66	13.46	9.81	7.75	11.07	13.72	11.27	11.62	13.49	14.94	14.16
Profit Margin (%)	5.04	6.62	7.39	7.78	9.29	9.55	11.53	6.32	8.61	11.06	9.35	9.12	10.36	11.61	10.9
Net Income to Common Margin (%)	5.04	6.62	7.39	7.78	9.29	9.55	11.53	6.32	8.61	11.06	9.35	9.12	10.36	11.61	10.9
Effective Tax Rate (%)	40.41	30.45	30.7	31.18	31.96	28.99	- -	18.46	22.23	19.4	17.09	21.49	23.19	22.32	23.06
Dvd Payout Ratio (%)	34.74	25.5	27.24	24.86	23.69	27.55	18.03	29.12	27.3	24.03	31.49	30.62	26.11	26.98	30.75
Sustainable Growth Rate (%)	20.98	30.85	31.98	47.65	86.27	59.76	51.26	21.3	28.53	39.89	42.24	50.61	51.78	50.42	41.13

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	993	1,705	1,722	1,799	1,950	1,953	10,521	9,344	10,428	10,114	11,495	12,508	11,810	11,913	12,943
ST Debt	354	73	599	683	43	741	635	636	1,006	413	1,434	1,404	1,922	2,178	2,030
LT Debt	639	1,632	1,122	1,116	1,907	1,211	9,886	8,708	9,421	9,701	10,062	11,104	9,887	9,735	10,912
Total Debt/EBITDA	1.04	1.53	1.29	1.2	1.07	1.01	4.82	4	3.66	2.96	3.67	3.49	2.83	2.69	2.88
Net Debt/EBITDA	1	0.75	0.73	1.17	0.96	0.55	4.73	3.93	2.99	2.36	3.02	2.89	2.29	2.18	2.38
Total Debt/EBIT	1.28	1.82	1.5	1.38	1.21	1.13	6.22	5.37	4.59	3.56	4.49	4.17	3.32	3.13	3.39
Net Debt/EBIT	1.24	0.9	0.85	1.35	1.08	0.61	6.1	5.28	3.75	2.84	3.69	3.45	2.69	2.54	2.8
EBITDA to Interest Expense	22.51	26.09	21.27	23.41	29.36	12.53	8.29	6.37	8.15	10.05	9.36	9.17	10.01	10.67	9.66
EBITDA-CapEx/Interest Expense	22.51	26.09	21.27	23.41	29.36	12.53	8.29	6.37	8.15	10.05	9.36	9.17	10.01	10.67	9.66
EBIT to Interest Expense	18.23	21.97	18.36	20.33	26.13	11.11	6.45	5.16	6.94	8.38	7.96	7.68	8.64	9.05	8.16
Interest Expense	42	43	63	64	62	154	264	367	349	340	335	391	418	416	465
Common Equity/Total Assets	25.94	27.12	27.17	17.48	15.02	27.82	18.33	19.5	20.12	17.7	11.79	13.73	16.19	17.14	17.75
Long-Term Debt/Equity (%)	42.14	91.09	63.25	111.99	219.76	64.49	271	233.42	228.49	268.67	412.83	357.95	266.09	240.3	237.31
Long-Term Debt/Capital (%)	25.46	46.68	32.1	39.93	67.69	31.62	69.77	66.6	64.75	70.68	72.22	71.13	63.68	60.98	62.21
Long-Term Debt/Total Assets (%)	12.22	26.18	17.59	19.58	33	17.94	49.68	45.51	45.97	47.55	48.69	49.15	43.07	41.19	42.13
Total Debt/Equity (%)	65.49	95.15	97.03	180.51	224.67	103.94	288.4	250.45	252.89	280.09	471.66	403.21	317.82	294.07	281.46
Total Debt/Capital (%)	39.57	48.76	49.25	64.35	69.2	50.97	74.25	71.47	71.66	73.69	82.51	80.13	76.07	74.62	73.79
Total Debt/Total Assets (%)	19	27.35	26.98	31.56	33.74	28.92	52.87	48.83	50.88	49.57	55.62	55.36	51.45	50.41	49.97
Net Debt to Equity	63.33	47.01	55.06	176.42	200.96	56.58	282.8	246.29	206.71	223.37	387.71	334.32	257.66	238.89	231.91
Net Debt/Capital (%)	38.77	31.98	35.51	63.82	66.77	36.13	73.88	71.12	59.24	59.75	68.64	67.29	62.79	61.43	61.52
EBITDA	956	1,116	1,334	1,503	1,814	1,930	2,183	2,338	2,847	3,421	3,133	3,584	4,177	4,436	4,490
EBITDA-CapEx	956	1,116	1,334	1,503	1,814	1,930	2,183	2,338	2,847	3,421	3,133	3,584	4,177	4,436	4,490
Operating Income (Loss)	775	940	1,152	1,305	1,615	1,713	1,699	1,890	2,425	2,854	2,665	3,001	3,606	3,762	3,797

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	0.02	0.46	0.29	0.02	0.1	0.31	0.05	0.04	0.04	0.05	0.03	0.03	0.04	0.03	0.03
Current Ratio	1.05	1.68	1.25	0.96	1.24	1.28	1.11	1.01	1.02	1	0.88	0.99	0.83	0.79	0.87
Quick Ratio	0.47	1.01	0.73	0.44	0.62	0.75	0.58	0.51	0.5	0.5	0.44	0.46	0.41	0.38	0.43
CFO/Avg Current Liab	0.35	0.44	0.49	0.42	0.6	0.53	0.55	0.47	0.53	0.75	0.44	0.33	0.56	0.47	0.5
Common Equity/Total Assets	25.94	27.12	27.17	17.48	15.02	27.82	18.33	19.5	20.12	17.7	11.79	13.73	16.19	17.14	17.75
Long-Term Debt/Equity (%)	42.14	91.09	63.25	111.99	219.76	64.49	271	233.42	228.49	268.67	412.83	357.95	266.09	240.3	237.31
Long-Term Debt/Capital (%)	25.46	46.68	32.1	39.93	67.69	31.62	69.77	66.6	64.75	70.68	72.22	71.13	63.68	60.98	62.21
Long-Term Debt/Total Assets (%)	12.22	26.18	17.59	19.58	33	17.94	49.68	45.51	45.97	47.55	48.69	49.15	43.07	41.19	42.13
Total Debt/Equity (%)	65.49	95.15	97.03	180.51	224.67	103.94	288.4	250.45	252.89	280.09	471.66	403.21	317.82	294.07	281.46
Total Debt/Capital (%)	39.57	48.76	49.25	64.35	69.2	50.97	74.25	71.47	71.66	73.69	82.51	80.13	76.07	74.62	73.79
Total Debt/Total Assets (%)	19	27.35	26.98	31.56	33.74	28.92	52.87	48.83	50.88	49.57	55.62	55.36	51.45	50.41	49.97
CFO/Total Liabilities	19.82	19.98	23.52	23	29.47	26.85	11.59	12.62	14.18	20.3	12.31	9.85	18.31	16.1	16.2
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	8.03	7.57	5.47	6.04	6.11	5.6	6.26	5.27	6.02	6.11	4.88

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	9.2	9.43	9.56	9.99	10.1	10.11	8.98	8.5	8.72	8.81	9	9.01	9.16	9.51	9.1
Days Sales Outstanding	39.69	38.71	38.17	36.54	36.13	36.1	40.63	42.92	41.88	41.42	40.54	40.51	39.83	38.37	40.1
Inventory Turnover	5.44	5.77	5.89	5.95	5.63	5.69	5.88	5.69	5.33	5.24	6.11	5.63	4.96	5.16	5.24
Days Inventory Outstanding	67.04	63.27	61.97	61.32	64.8	64.18	62.07	64.19	68.54	69.64	59.72	64.81	73.58	70.8	69.71
Accounts Payable Turnover	5.37	5.64	5.85	5.91	5.24	5.46	6.33	5.67	5.41	4.8	5.1	5.59	5.05	5.19	5.25
Accounts Payable Turnover Days	68.02	64.75	62.4	61.78	69.64	66.86	57.7	64.32	67.49	75.98	71.59	65.31	72.28	70.28	69.56
Cash Conversion Cycle	38.72	37.23	37.74	36.08	31.29	33.42	45	42.78	42.93	35.08	28.68	40	41.13	38.89	40.26
Inventory to Cash Days	-27.35	-24.56	-23.81	-24.78	-28.67	-28.08	-21.44	-21.27	-26.66	-28.23	-19.18	-24.3	-33.74	-32.43	-29.61
Inventories	927	920	971	1,034	1,019	1,068	1,743	1,815	1,890	1,804	1,927	2,627	2,330	2,288	2,318
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	196	188	192	192	178	170	386	389	380	377	548	669	519	536	534
Finished Goods	731	732	779	842	841	899	1,357	1,426	1,510	1,428	1,379	1,958	1,811	1,752	1,784
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	- -	- -	- -	- -	24,967	24,989	38,231	35,302	53,542	65,449	91,807	62,151	78,258	84,871	80,233
- Cash & Cash Equivalents	33	863	745	41	206	890	204	156	162	227	166	199	277	210	207
+ Preferred Equity and Hybrid Capital	160	101	40	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	993	1,705	1,722	1,799	1,950	1,953	10,521	9,344	10,428	10,114	11,495	12,508	11,810	11,913	12,943
Enterprise Value	- -	- -	- -	- -	26,711	26,051	48,547	44,490	63,808	75,336	103,137	74,461	89,791	96,574	92,968
Total Capital	2,510	3,497	3,496	2,795	2,818	3,831	14,169	13,074	14,551	13,724	13,933	15,610	15,526	15,965	17,541
Total Debt/Capital (%)	39.57	48.76	49.25	64.35	69.2	50.97	74.25	71.47	71.66	73.69	82.51	80.13	76.07	74.62	73.79
Total Debt / EV	- -	- -	- -	- -	0.07	0.07	0.22	0.21	0.16	0.13	0.11	0.17	0.13	0.12	0.14
EV/Sales	- -	- -	- -	- -	2.36	2.2	3.24	2.54	3.56	4.1	5.17	3.36	3.9	4.18	3.94
EV/EBITDA	- -	- -	- -	- -	14.72	13.5	22.24	19.03	22.41	22.02	32.92	20.78	21.49	21.77	20.71
EV/EBIT	- -	- -	- -	- -	16.53	15.04	28.7	25.55	28.08	26.53	40.28	24.8	25.26	25.34	24.38
EV/Cash Flow to Firm	- -	- -	- -	- -	17.93	18.37	- -	19.84	24.61	20.46	40.89	33.44	23.37	27.78	24.4
EV/Free Cash Flow to Firm	- -	- -	- -	- -	17.93	18.37	- -	19.84	24.61	20.46	40.89	33.44	23.37	27.78	24.4
Diluted Market Cap	- -	- -	- -	- -	25,448	25,385	38,656	36,011	54,299	67,191	93,901	62,853	79,413	85,820	81,107
Diluted Enterprise Value	- -	- -	- -	- -	27,192	26,448	48,972	45,199	64,564	77,078	105,230	75,163	90,946	97,523	93,842
EV per Share	- -	- -	- -	- -	96.52	93.36	172.37	159.26	230.82	280.4	394.94	287.63	352.75	384.31	375.32
TTM Sales	8,766	9,534	10,186	11,130	11,339	11,856	14,984	17,535	17,901	18,362	19,945	22,149	23,052	23,099	23,574
TTM EBITDA	956	1,116	1,334	1,503	1,814	1,930	2,183	2,338	2,847	3,421	3,133	3,584	4,177	4,436	4,490
TTM Operating Income	775	940	1,152	1,305	1,615	1,713	1,699	1,890	2,425	2,854	2,665	3,001	3,606	3,762	3,797
TTM Cash Flow to Firm	761	918	1,127	1,126	1,490	1,418	- -	2,243	2,593	3,683	2,522	2,227	3,843	3,476	3,809
TTM Free Cash Flow to Firm	761	918	1,127	1,126	1,490	1,418	- -	2,243	2,593	3,683	2,522	2,227	3,843	3,476	3,809

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	- -	- -	- -	- -	17.58	19.4	20.52	18.53	23.39	19.71	41.83	32.74	22.55	27.22	23.5
EV/EBIT	- -	- -	- -	- -	16.53	15.04	28.7	25.55	28.08	26.53	40.28	24.8	25.26	25.34	24.38
Enterprise Value	- -	- -	- -	- -	26,711	26,051	48,547	44,490	63,808	75,336	103,137	74,461	89,791	96,574	92,968
Low Price	- -	- -	- -	- -	85.22	79.58	92.4	124.11	129.52	150.8	219.93	200.39	203.73	290.34	320.9
EV/Sales	- -	- -	- -	- -	2.36	2.2	3.24	2.54	3.56	4.1	5.17	3.36	3.9	4.18	3.94
EV/EBITDA	- -	- -	- -	- -	14.72	13.5	22.24	19.03	22.41	22.02	32.92	20.78	21.49	21.77	20.71
Price/Earnings	- -	- -	- -	- -	23.68	21.78	21.9	31.8	34.61	32.55	49.5	30.66	32.87	31.62	31.22
Price/Earnings Average	- -	- -	- -	- -	23.29	22.16	17.66	34.5	28.82	28.22	40.16	32.16	26.92	31.55	33.54
Price/Earnings High	- -	- -	- -	- -	23.82	25.08	21.9	40.21	35.37	33.34	50.4	42.81	33.48	37.18	36.24
Price/Earnings Low	- -	- -	- -	- -	22.37	19.36	14.91	31.23	23.14	20.15	30.96	25.59	21.78	27.18	30.93
Price/Book Value	- -	- -	- -	- -	28.77	13.3	10.48	9.46	12.99	18.13	37.67	20.04	21.06	20.95	17.45
Price/Book Value Average	- -	- -	- -	- -	28.29	13.53	8.45	10.27	10.81	15.71	30.56	21.01	17.25	20.9	18.74
Price/Book Value High	- -	- -	- -	- -	28.93	15.32	10.48	11.97	13.27	18.57	38.35	27.97	21.45	24.64	20.25
Price/Book Value Low	- -	- -	- -	- -	27.17	11.82	7.13	9.29	8.68	11.22	23.57	16.72	13.96	18.01	17.29
Price/Tangible Book Value	- -	- -	- -	- -	-47.04	50.33	-4.17	-4.19	-7.03	-8.27	-10.55	-7.33	-10.05	-12.02	-10.84
Price/Tangible Book Value Average	- -	- -	- -	- -	-46.26	51.2	-3.36	-4.54	-5.85	-7.17	-8.56	-7.68	-8.23	-11.99	-11.64
Price/Tangible Book Value High	- -	- -	- -	- -	-47.31	57.94	-4.17	-5.3	-7.18	-8.48	-10.75	-10.23	-10.23	-14.14	-12.58
Price/Tangible Book Value Low	- -	- -	- -	- -	-44.43	44.72	-2.84	-4.11	-4.7	-5.12	-6.6	-6.12	-6.66	-10.33	-10.74
Price/Sales	- -	- -	- -	- -	2.2	2.08	2.52	2.01	2.98	3.6	4.63	2.8	3.41	3.67	3.4
Price/Sales Average	- -	- -	- -	- -	2.16	2.12	2.04	2.18	2.48	3.12	3.75	2.93	2.79	3.66	3.65
Price/Sales High	- -	- -	- -	- -	2.21	2.4	2.52	2.54	3.05	3.69	4.71	3.9	3.47	4.32	3.95
Price/Sales Low	- -	- -	- -	- -	2.08	1.85	1.72	1.97	1.99	2.23	2.89	2.33	2.26	3.15	3.37
Price/Cash Flow	- -	- -	- -	- -	17.24	18.86	20.08	18.14	22.98	19.39	41.11	32.26	22.3	26.88	23.24
Price/Cash Flow Average	- -	- -	- -	- -	16.95	19.18	16.19	19.68	19.14	16.81	33.35	33.84	18.26	26.83	24.96
Price/Cash Flow High	- -	- -	- -	- -	17.34	21.71	20.08	22.93	23.49	19.86	41.86	45.04	22.71	31.62	26.97
Price/Cash Flow Low	- -	- -	- -	- -	16.29	16.76	13.67	17.81	15.37	12	25.72	26.93	14.77	23.11	23.02
Price/Free Cash Flow Average	- -	- -	- -	- -	17.29	19.74	16.55	20.1	19.48	17.09	33.94	34.34	18.47	27.16	25.24
Price/Free Cash Flow High	- -	- -	- -	- -	17.68	22.33	20.52	23.43	23.91	20.19	42.59	45.7	22.97	32.01	27.28
Price/Free Cash Flow Low	- -	- -	- -	- -	16.61	17.24	13.97	18.2	15.64	12.2	26.17	27.33	14.94	23.4	23.28
EV/Sales Average	- -	- -	- -	- -	2.32	2.23	2.75	2.71	3.06	3.63	4.3	3.5	3.28	4.17	4.2
EV/Sales High	- -	- -	- -	- -	2.37	2.52	3.24	3.07	3.63	4.19	5.25	4.47	3.96	4.83	4.49
EV/Sales Low	- -	- -	- -	- -	2.23	1.96	2.43	2.5	2.57	2.75	3.45	2.9	2.75	3.67	3.91
EV/EBITDA Average	- -	- -	- -	- -	14.5	13.72	18.85	20.31	19.26	19.47	27.39	21.62	18.1	21.73	22.03
EV/EBITDA High	- -	- -	- -	- -	14.8	15.46	22.24	23.03	22.82	22.48	33.45	27.64	21.84	25.14	23.58
EV/EBITDA Low	- -	- -	- -	- -	13.96	12.06	16.65	18.76	16.18	14.73	21.95	17.91	15.18	19.09	20.54
EV/EBIT Average	- -	- -	- -	- -	16.28	15.29	24.33	27.27	24.14	23.46	33.52	25.81	21.27	25.29	25.94
EV/EBIT High	- -	- -	- -	- -	16.62	17.22	28.7	30.91	28.6	27.09	40.93	32.99	25.67	29.26	27.77
EV/EBIT Low	- -	- -	- -	- -	15.68	13.43	21.49	25.19	20.27	17.75	26.86	21.37	17.83	22.21	24.19
Last Price	- -	- -	- -	- -	90.22	89.55	135.74	126.37	193.69	243.6	351.56	240.08	307.45	337.74	323.91
High Price	- -	- -	- -	- -	90.74	103.1	135.74	159.79	197.94	249.53	357.94	335.16	313.17	397.24	375.98
Enterprise Value Average	- -	- -	- -	- -	26,299	26,487	41,148	47,487	54,853	66,625	85,809	77,497	75,628	96,392	98,906
Enterprise Value High	- -	- -	- -	- -	26,856	29,832	48,547	53,826	64,984	76,929	104,804	99,073	91,247	111,526	105,866
Enterprise Value Low	- -	- -	- -	- -	25,329	23,270	36,342	43,858	46,070	50,405	68,762	64,185	63,392	84,662	92,222

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	312	310	300	284	277	279	282	279	276	269	261	259	255	251	248
Diluted Weighted Avg Shares	317	312	309	294	282	283	285	285	280	276	267	262	258	254	250
Basic Weighted Avg Shares	310	305	303	289	277	276	279	279	275	271	263	258	255	251	248
Revenue per Share	28.24	31.25	33.65	38.57	41	43.03	53.76	62.85	65	67.69	75.98	85.85	90.26	92.03	95.21
EBITDA per Share	3.08	3.66	4.41	5.21	6.56	7.01	7.83	8.38	10.34	12.61	11.93	13.89	16.36	17.67	18.13
Operating Income per Share	2.5	3.08	3.8	4.52	5.84	6.22	6.1	6.78	8.81	10.52	10.15	11.63	14.12	14.99	15.33
Basic EPS, GAAP	1.42	2.07	2.49	3	3.81	4.11	6.2	3.97	5.6	7.48	7.1	7.83	9.35	10.68	10.37
Basic EPS from Cont Ops	1.42	2.07	2.49	3	3.81	4.11	6.35	3.97	5.6	7.48	7.1	7.83	9.35	10.68	10.37
Diluted EPS, GAAP	1.39	2.02	2.43	2.94	3.74	4	6.07	3.89	5.5	7.36	6.98	7.72	9.25	10.55	10.26
Diluted EPS from Cont Ops	1.39	2.02	2.43	2.94	3.74	4	6.21	3.89	5.5	7.36	6.98	7.72	9.25	10.55	10.26
Dividend per Share	0.49	0.53	0.68	0.75	0.9	1.13	1.14	1.16	1.53	1.8	2.24	2.4	2.44	2.88	3.19
Cash Flow per Share	2.37	2.91	3.58	3.75	5.23	4.75	6.76	6.97	8.43	12.56	8.55	7.44	13.79	12.56	13.94
Free Cash Flow per Basic Share	2.37	2.91	3.58	3.75	5.23	4.75	6.76	6.97	8.43	12.56	8.55	7.44	13.79	12.56	13.94
Cash & Equivalents per Share	0.1	2.78	2.48	0.14	0.74	3.19	0.73	0.56	0.59	0.84	0.63	0.77	1.09	0.84	0.84
Book Value per Share	4.35	5.46	5.77	3.51	3.14	6.73	12.95	13.35	14.92	13.44	9.33	11.98	14.6	16.12	18.56
Tangible Book Value per Share	-0.18	0.6	0.81	-1.59	-1.92	1.78	-32.55	-30.17	-27.55	-29.44	-33.31	-32.77	-30.61	-28.1	-29.89