CBRE Group Inc Financial Ratios — CBRE 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 (%)	23.22	23.46	18.43	23.32	22.01	20.01	19.56	23.49	22.96	11.3	23.54	17.18	12.23	11.61	13.38
Return on Assets (%)	3.88	4.2	4.28	6.65	5.89	5.26	6.2	8.45	8.65	4.39	9.16	6.61	4.58	4.13	4.19
Return on Capital (%)	6.33	8.32	7.5	11.66	10.31	9.35	11	14.96	14.76	7.33	14.87	10.84	7.27	6.25	6.01
Return on Invested Capital (%)	6.04	6.98	7.96	11.55	8.93	7.68	9.26	11.05	13.05	6.94	9.9	10.03	6.86	8.29	8.08
Gross Margin (%)	41.46	42.55	41.69	38	34.75	22.73	23.21	22.92	21.78	20.06	22.22	21.37	19.64	19.45	18.66
EBITDA Margin (%)	9.82	11.61	11.24	11.68	10.59	6.82	7.97	7.22	7.11	6.18	7.8	6.89	5.44	5.83	6.12
Operating Margin (%)	7.62	9.2	9.75	8.12	7.6	4.61	5.68	5.03	5.57	4.07	5.64	4.3	3.41	3.55	3.19
Incremental Operating Margin (%)	1.37	24.5	15.16	1.82	5.02	- -	20.47	0.53	10.05	529.05	15.19	- -	- -	4.74	0.48
Pretax Margin (%)	7.27	7.51	7.08	8.59	8.1	5.08	6.29	6.46	5.7	4.07	8.69	5.38	4	3.41	3.93
Profit Margin (%)	4.05	4.84	4.41	5.35	5.04	3.3	3.74	4.98	5.37	3.16	6.62	4.56	3.09	2.71	2.85
Net Income to Common Margin (%)	4.05	4.84	4.41	5.35	5.04	3.3	3.74	4.98	5.37	3.16	6.62	4.56	3.09	2.71	2.85
Effective Tax Rate (%)	44.02	37.86	36.78	33.93	36.47	33.66	39.93	22.7	5.13	22.07	23.57	14.11	19.58	14.94	19.89
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	23.22	23.46	18.43	23.32	22.01	20.01	19.56	23.49	22.96	11.3	23.54	17.18	12.23	11.61	13.38

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	3,604	3,751	2,488	2,357	4,430	3,803	2,910	3,099	3,971	4,096	4,197	3,493	4,826	5,694	9,991
ST Debt	972	1,208	621	548	1,785	1,255	911	1,332	1,152	1,599	1,543	1,327	933	1,142	2,820
LT Debt	2,632	2,544	1,867	1,809	2,645	2,548	2,000	1,767	2,819	2,497	2,655	2,166	3,893	4,552	7,171
Total Debt/EBITDA	6.22	4.96	3.08	2.23	3.85	3.21	1.96	2.01	2.34	2.78	1.94	1.64	2.78	2.73	4.03
Net Debt/EBITDA	4.33	3.52	2.47	1.53	3.38	2.57	1.45	1.51	1.04	0.59	0.19	0.41	1.28	1.47	2.31
Total Debt/EBIT	7.79	6.41	4.04	2.98	5.3	4.66	2.7	2.85	3.15	4.22	2.56	2.31	4.32	4.03	5.7
Net Debt/EBIT	5.42	4.55	3.24	2.04	4.65	3.72	2	2.13	1.41	0.9	0.25	0.57	2	2.17	3.26
EBITDA to Interest Expense	3.86	4.32	5.98	9.44	9.67	8.17	11.69	15.6	19.81	21.72	42.96	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	3.86	4.32	5.98	9.44	9.67	8.17	11.69	15.6	19.81	21.72	42.96	- -	- -	- -	- -
EBIT to Interest Expense	2.99	3.42	5.19	6.56	6.94	5.53	8.34	10.87	15.51	14.33	31.1	- -	- -	- -	- -
Interest Expense	150	175	135	112	119	145	127	99	86	68	50	- -	- -	- -	- -
Common Equity/Total Assets	15.95	19.71	27.09	29.86	24.62	27.96	35.11	36.7	38.48	39.24	38.64	38.28	36.66	34.5	28.75
Long-Term Debt/Equity (%)	185.7	151.25	96.43	78.59	95.87	83.35	47.9	35.28	44.94	33.27	28.36	25.17	42.94	49.52	74.5
Long-Term Debt/Capital (%)	52.41	46.82	42.2	38.82	36.79	37.14	28.22	21.79	27.52	21.52	19.58	17.9	28.02	30.58	36.56
Long-Term Debt/Total Assets (%)	36.45	32.57	26.68	23.9	24.01	23.64	17.06	13.13	17.4	13.84	12.03	10.56	17.27	18.67	23.22
Total Debt/Equity (%)	254.3	223.06	128.52	102.42	160.57	124.39	69.72	61.86	63.3	54.58	44.85	40.59	53.23	61.95	103.79
Total Debt/Capital (%)	71.78	69.05	56.24	50.6	61.62	55.43	41.08	38.22	38.76	35.31	30.96	28.87	34.74	38.25	50.93
Total Debt/Total Assets (%)	49.92	48.04	35.55	31.15	40.21	35.28	24.84	23.03	24.52	22.71	19.01	17.03	21.4	23.35	32.36
Net Debt to Equity	177.16	158.29	103.12	70.23	140.99	99.44	51.71	46.35	28.26	11.66	4.46	10.05	24.59	33.43	59.44
Net Debt/Capital (%)	63.92	61.28	50.77	41.25	58.5	49.86	34.08	31.67	19.12	9.01	3.75	8.02	17.66	22.31	32.23
EBITDA	580	756	807	1,057	1,150	1,184	1,485	1,540	1,699	1,471	2,163	2,125	1,739	2,087	2,482
EBITDA-CapEx	580	756	807	1,057	1,150	1,184	1,485	1,540	1,699	1,471	2,163	2,125	1,739	2,087	2,482
Operating Income (Loss)	450	599	701	735	825	801	1,059	1,073	1,330	971	1,566	1,327	1,090	1,271	1,294

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	0.47	0.4	0.21	0.27	0.11	0.17	0.16	0.13	0.15	0.27	0.29	0.16	0.15	0.12	0.15
Current Ratio	1.33	1.37	1.11	1.15	1.06	1.13	1.19	1.16	1.17	1.24	1.2	1.03	1.17	1.07	1.09
Quick Ratio	1.17	1.18	0.93	1.06	0.97	1.04	1.09	1.06	1.06	1.14	1.1	0.92	1.08	0.99	1.01
CFO/Avg Current Liab	0.16	0.1	0.27	0.24	0.16	0.13	0.19	0.22	0.2	0.27	0.3	0.2	0.06	0.19	0.14
Common Equity/Total Assets	15.95	19.71	27.09	29.86	24.62	27.96	35.11	36.7	38.48	39.24	38.64	38.28	36.66	34.5	28.75
Long-Term Debt/Equity (%)	185.7	151.25	96.43	78.59	95.87	83.35	47.9	35.28	44.94	33.27	28.36	25.17	42.94	49.52	74.5
Long-Term Debt/Capital (%)	52.41	46.82	42.2	38.82	36.79	37.14	28.22	21.79	27.52	21.52	19.58	17.9	28.02	30.58	36.56
Long-Term Debt/Total Assets (%)	36.45	32.57	26.68	23.9	24.01	23.64	17.06	13.13	17.4	13.84	12.03	10.56	17.27	18.67	23.22
Total Debt/Equity (%)	254.3	223.06	128.52	102.42	160.57	124.39	69.72	61.86	63.3	54.58	44.85	40.59	53.23	61.95	103.79
Total Debt/Capital (%)	71.78	69.05	56.24	50.6	61.62	55.43	41.08	38.22	38.76	35.31	30.96	28.87	34.74	38.25	50.93
Total Debt/Total Assets (%)	49.92	48.04	35.55	31.15	40.21	35.28	24.84	23.03	24.52	22.71	19.01	17.03	21.4	23.35	32.36
CFO/Total Liabilities	6.23	4.75	14.72	12.57	7.89	7.99	11.86	13.39	12.33	17.38	18.59	13.68	3.56	11.24	7.34
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	2.49	2.76	3.96	4.5	3.44	4.65	5.14	4.82	4.65	4.17	4.88	4.77	4.53	4.86	4.22

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	5.69	5.43	5.23	5.62	5.16	6.84	6.52	6.29	5.87	5.38	5.81	5.88	5.46	5.35	5.3
Days Sales Outstanding	64.14	67.19	69.83	64.99	70.74	53.35	56.02	57.99	62.14	67.88	62.79	62.03	66.82	68.25	68.81
Inventory Turnover	94.57	39.96	56	488.4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	3.86	9.13	6.52	0.75	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	6.86	6.59	5.83	6.8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	53.24	55.35	62.64	53.65	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	14.76	20.98	13.71	12.09	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	60.28	58.05	63.32	64.24	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	57	130	19	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	57	130	19	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	4,992	6,569	8,730	11,405	11,558	10,621	14,702	13,490	20,517	21,046	36,120	23,936	28,382	39,656	47,551
- Cash & Cash Equivalents	1,093	1,089	492	741	540	763	752	777	972	1,896	2,431	1,318	1,265	1,114	1,864
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	266	143	40	42	46	43	60	71	40	427	831	753	800	781	748
+ Total Debt	3,604	3,751	2,488	2,357	4,430	3,803	2,910	3,099	3,971	4,096	4,197	3,493	4,826	5,694	9,991
Enterprise Value	7,614	9,271	10,708	12,999	15,494	13,704	16,921	15,883	23,557	23,674	38,718	26,864	32,743	45,017	56,426
Total Capital	5,021	5,433	4,424	4,658	7,189	6,860	7,085	8,109	10,244	11,602	13,556	12,099	13,893	14,886	19,617
Total Debt/Capital (%)	71.78	69.05	56.24	50.6	61.62	55.43	41.08	38.22	38.76	35.31	30.96	28.87	34.74	38.25	50.93
Total Debt / EV	0.47	0.4	0.23	0.18	0.29	0.28	0.17	0.2	0.17	0.17	0.11	0.13	0.15	0.13	0.18
EV/Sales	1.29	1.42	1.49	1.44	1.43	0.79	0.91	0.74	0.99	0.99	1.4	0.87	1.02	1.26	1.39
EV/EBITDA	13.13	12.26	13.26	12.29	13.47	11.58	11.4	10.31	13.86	16.09	17.9	12.64	18.83	21.57	22.73
EV/EBIT	16.45	15.85	17.38	16.41	18.53	16.78	15.69	14.6	18.7	24.41	23.65	17.77	29.31	31.86	32.19
EV/Cash Flow to Firm	17.1	23.19	12.89	17.67	21.3	19.22	17.43	13.15	18.05	12.57	16.12	16.49	68.21	26.36	36.19
EV/Free Cash Flow to Firm	17.1	23.19	12.89	17.67	21.3	19.22	17.43	13.15	18.05	12.57	16.12	16.49	68.21	26.36	36.19
Diluted Market Cap	4,927	6,508	8,725	11,445	11,633	10,657	14,759	13,739	20,871	21,224	36,863	25,219	29,095	40,442	48,358
Diluted Enterprise Value	7,549	9,211	10,703	13,040	15,570	13,740	16,978	16,132	23,910	23,851	39,460	28,147	33,456	45,803	57,233
EV per Share	23.21	28.09	32.26	39.04	46.36	40.63	49.85	47.14	70.37	70.55	116.31	86.37	107.39	149.04	190.8
TTM Sales	5,905	6,514	7,185	9,050	10,856	17,369	18,629	21,340	23,894	23,826	27,746	30,828	31,949	35,767	40,550
TTM EBITDA	580	756	807	1,057	1,150	1,184	1,485	1,540	1,699	1,471	2,163	2,125	1,739	2,087	2,482
TTM Operating Income	450	599	701	735	825	801	1,059	1,073	1,330	971	1,566	1,327	1,090	1,271	1,294
TTM Cash Flow to Firm	445	400	831	736	727	713	971	1,208	1,305	1,884	2,402	1,629	480	1,708	1,559
TTM Free Cash Flow to Firm	445	400	831	736	727	713	971	1,208	1,305	1,884	2,402	1,629	480	1,708	1,559

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	13.64	22.36	11.71	17.29	17.85	17.27	16.5	12.14	17.06	11.59	15.59	15.48	60.62	23.68	31.02
EV/EBIT	16.45	15.85	17.38	16.41	18.53	16.78	15.69	14.6	18.7	24.41	23.65	17.77	29.31	31.86	32.19
Enterprise Value	7,614	9,271	10,708	12,999	15,494	13,704	16,921	15,883	23,557	23,674	38,718	26,864	32,743	45,017	56,426
Low Price	12.3	14.97	19.78	25.47	30.85	22.74	29.69	37.45	37.85	29.17	58.74	66.31	64.63	82.75	108.45
EV/Sales	1.29	1.42	1.49	1.44	1.43	0.79	0.91	0.74	0.99	0.99	1.4	0.87	1.02	1.26	1.39
EV/EBITDA	13.13	12.26	13.26	12.29	13.47	11.58	11.4	10.31	13.86	16.09	17.9	12.64	18.83	21.57	22.73
Price/Earnings	20.27	20.33	27.26	23.37	21.02	18.43	20.98	12.78	16.05	27.96	19.8	17.66	29.12	41.48	41.44
Price/Earnings Average	27.93	18.34	24.31	20.37	21.76	16.72	17.74	14.51	13.41	22.34	16.07	18.97	24.81	33.13	37.06
Price/Earnings High	39.79	21.61	27.55	24.14	24.18	20.17	21.47	16.09	16.11	30.18	19.99	25.47	29.49	44.87	44.07
Price/Earnings Low	16.38	15.29	20.5	17.38	18.75	13.31	14.38	11.95	9.91	13	10.72	15.21	20.22	26.15	27.95
Price/Book Value	4.34	4.27	4.6	5.05	4.26	3.52	3.57	2.73	3.29	2.97	4.24	3.05	3.43	4.71	5.36
Price/Book Value Average	5.97	3.85	4.11	4.4	4.41	3.2	3.02	3.1	2.75	2.38	3.44	3.28	2.93	3.77	4.79
Price/Book Value High	8.51	4.54	4.65	5.21	4.9	3.86	3.66	3.44	3.31	3.21	4.28	4.4	3.48	5.1	5.7
Price/Book Value Low	3.5	3.21	3.46	3.75	3.8	2.54	2.45	2.55	2.03	1.38	2.29	2.63	2.38	2.97	3.61
Price/Tangible Book Value	-3.39	-5.78	-7.06	-13.01	-6.34	-7.71	-27.26	-87.13	18.66	11.14	32.15	30.22	26.85	80.6	-41.53
Price/Tangible Book Value Average	-4.68	-5.21	-6.3	-11.34	-6.56	-6.99	-23.05	-98.97	15.59	8.9	26.09	32.48	22.88	64.38	-37.15
Price/Tangible Book Value High	-6.66	-6.14	-7.14	-13.44	-7.29	-8.43	-27.9	-109.74	18.73	12.03	32.46	43.59	27.19	87.18	-44.17
Price/Tangible Book Value Low	-2.74	-4.35	-5.31	-9.68	-5.65	-5.56	-18.69	-81.5	11.52	5.18	17.4	26.04	18.64	50.8	-28.01
Price/Sales	0.82	0.98	1.2	1.25	1.06	0.61	0.79	0.64	0.86	0.88	1.31	0.81	0.9	1.12	1.18
Price/Sales Average	1.13	0.89	1.07	1.09	1.1	0.55	0.66	0.72	0.72	0.71	1.06	0.87	0.77	0.9	1.06
Price/Sales High	1.61	1.05	1.21	1.29	1.22	0.67	0.8	0.8	0.86	0.95	1.32	1.16	0.91	1.21	1.26
Price/Sales Low	0.66	0.74	0.9	0.93	0.95	0.44	0.54	0.6	0.53	0.41	0.71	0.69	0.62	0.71	0.8
Price/Cash Flow	13.42	22.04	11.58	17.11	17.64	17.12	16.35	12.01	16.82	11.48	15.39	15.25	59.82	23.51	30.75
Price/Cash Flow Average	18.49	19.89	10.33	14.91	18.27	15.53	13.83	13.64	14.06	9.18	12.49	16.39	50.97	18.78	27.51
Price/Cash Flow High	26.34	23.43	11.7	17.67	20.29	18.73	16.74	15.13	16.89	12.4	15.54	22	60.57	25.43	32.7
Price/Cash Flow Low	10.84	16.58	8.71	12.72	15.74	12.36	11.21	11.23	10.39	5.34	8.33	13.14	41.53	14.82	20.74
Price/Free Cash Flow Average	18.8	20.18	10.44	15.07	18.47	15.67	13.96	13.79	14.25	9.26	12.66	16.64	51.65	18.91	27.75
Price/Free Cash Flow High	26.78	23.77	11.83	17.86	20.52	18.9	16.89	15.3	17.13	12.51	15.74	22.33	61.38	25.61	32.99
Price/Free Cash Flow Low	11.02	16.82	8.81	12.86	15.92	12.47	11.31	11.36	10.54	5.39	8.44	13.34	42.08	14.92	20.92
EV/Sales Average	1.61	1.32	1.36	1.27	1.46	0.73	0.79	0.83	0.84	0.82	1.15	0.93	0.89	1.04	1.27
EV/Sales High	2.1	1.49	1.5	1.48	1.59	0.85	0.93	0.91	0.99	1.06	1.41	1.21	1.04	1.35	1.47
EV/Sales Low	1.13	1.17	1.19	1.11	1.31	0.62	0.66	0.7	0.66	0.52	0.8	0.76	0.75	0.85	1.01
EV/EBITDA Average	16.39	11.42	12.09	10.91	13.83	10.74	9.87	11.5	11.88	13.21	14.76	13.48	16.41	17.75	20.71
EV/EBITDA High	21.42	12.81	13.38	12.65	14.98	12.42	11.63	12.59	13.91	17.22	18.06	17.62	19.04	23.12	23.95
EV/EBITDA Low	11.48	10.11	10.58	9.53	12.39	9.08	8.28	9.75	9.25	8.44	10.24	11.08	13.84	14.55	16.5
EV/EBIT Average	20.53	14.75	15.85	14.56	19.02	15.57	13.58	16.28	16.02	20.05	19.5	18.95	25.55	26.21	29.33
EV/EBIT High	26.84	16.55	17.53	16.88	20.61	18	16.01	17.82	18.76	26.14	23.87	24.77	29.64	34.15	33.91
EV/EBIT Low	14.38	13.06	13.87	12.72	17.04	13.16	11.4	13.8	12.47	12.8	13.53	15.58	21.55	21.48	23.36
Last Price	15.22	19.9	26.3	34.25	34.58	31.49	43.31	40.04	61.29	62.72	108.51	76.96	93.09	131.29	160.79
High Price	29.88	21.16	26.58	35.37	39.77	34.46	44.34	50.43	61.54	67.7	109.56	111	94.27	142	171
Enterprise Value Average	9,501	8,631	9,763	11,535	15,901	12,719	14,653	17,715	20,183	19,445	31,917	28,649	28,544	37,034	51,409
Enterprise Value High	12,422	9,686	10,801	13,372	17,229	14,706	17,269	19,384	23,640	25,345	39,067	37,451	33,103	48,252	59,445
Enterprise Value Low	6,656	7,644	8,544	10,076	14,247	10,751	12,297	15,010	15,710	12,415	22,149	23,551	24,066	30,356	40,947

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	328	330	332	333	334	337	339	337	335	336	333	311	305	302	296
Diluted Weighted Avg Shares	324	327	332	334	336	338	341	343	341	338	340	328	313	308	301
Basic Weighted Avg Shares	318	322	328	331	333	335	338	339	336	335	335	323	308	306	298
Revenue per Share	18.54	20.21	21.9	27.37	32.64	51.78	55.17	62.89	71.16	71.08	82.77	95.5	103.59	116.94	136
EBITDA per Share	1.82	2.35	2.46	3.2	3.46	3.53	4.4	4.54	5.06	4.39	6.45	6.58	5.64	6.82	8.32
Operating Income per Share	1.41	1.86	2.14	2.22	2.48	2.39	3.14	3.16	3.96	2.9	4.67	4.11	3.53	4.16	4.34
Basic EPS, GAAP	0.75	0.98	0.96	1.47	1.64	1.71	2.06	3.13	3.82	2.24	5.48	4.36	3.2	3.16	3.88
Basic EPS from Cont Ops	0.76	0.94	0.98	1.55	1.68	1.74	2.08	3.14	3.85	2.26	5.49	4.41	3.33	3.39	4.28
Diluted EPS, GAAP	0.74	0.96	0.95	1.45	1.63	1.69	2.05	3.1	3.77	2.22	5.41	4.29	3.15	3.14	3.85
Diluted EPS from Cont Ops	0.74	0.93	0.97	1.54	1.66	1.73	2.06	3.11	3.79	2.23	5.42	4.35	3.29	3.36	4.25
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.13	0.9	2.27	2	1.96	1.84	2.65	3.33	3.64	5.46	7.05	5.05	1.56	5.58	5.23
Free Cash Flow per Basic Share	1.13	0.9	2.27	2	1.96	1.84	2.65	3.33	3.64	5.46	7.05	5.05	1.56	5.58	5.23
Cash & Equivalents per Share	3.8	3.61	1.66	2.42	1.62	2.26	2.21	2.31	2.9	5.65	7.3	4.24	4.15	3.69	6.3
Book Value per Share	3.51	4.66	5.71	6.79	8.12	8.94	12.12	14.66	18.62	21.09	25.62	25.25	27.11	27.85	30.02
Tangible Book Value per Share	-4.49	-3.45	-3.72	-2.63	-5.46	-4.09	-1.59	-0.46	3.28	5.63	3.38	2.55	3.47	1.63	-3.87