Air Products and Chemicals, Inc. Financial Ratios — AP3

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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Return on Common Equity (%)	21.59	19.02	14.71	13.77	17.49	8.81	34.96	14.3	16.06	16.31	16.39	16.91	16.75	24.42	-2.46
Return on Assets (%)	8.81	7.47	5.72	5.57	7.28	3.57	16.44	7.96	9.23	8.55	8.07	8.35	7.77	10.7	-0.98
Return on Capital (%)	12.54	11.05	8.39	7.98	9.79	5.32	23.17	10.7	12.25	10.88	10.21	10.6	9.87	13.15	- -
Return on Invested Capital (%)	11.16	8.89	8.02	7.17	6.96	8.57	8.77	9.93	11.36	10.09	8.61	8.6	8.24	11.77	- -
Gross Margin (%)	26.62	26.63	26.6	26.91	28.45	31	29.75	30.69	33	33.85	30.39	26.46	29.9	32.49	31.41
EBITDA Margin (%)	24.21	22.09	21.92	21.99	26.73	31.85	28.16	32.88	36.18	38.65	34.9	28.96	30.58	48.9	5.71
Operating Margin (%)	15.97	15.8	15.06	15.78	17.7	21.49	21.81	22.01	24.33	25.27	21.97	19	21.74	24.36	24
Incremental Operating Margin (%)	19.99	42.1	2.46	44.43	10.05	- -	25.37	24.19	- -	- -	2.06	6.09	- -	- -	92.42
Pretax Margin (%)	15.99	13.66	13.26	13.08	16.18	20.72	17.3	22.56	25.67	27.37	24.29	21.69	22.88	39.84	-3.66
Profit Margin (%)	12.65	12.14	9.77	9.5	16.33	8.41	36.65	16.77	19.73	21.3	20.33	17.77	18.26	31.64	-3.28
Net Income to Common Margin (%)	12.65	12.14	9.77	9.5	16.33	8.41	36.65	16.77	19.73	21.3	20.33	17.77	18.26	31.64	-3.28
Effective Tax Rate (%)	24.26	21.89	22.8	27.05	23.71	27.83	18.42	26.02	20.97	19.74	18.46	18.18	19.12	19.6	- -
Dvd Payout Ratio (%)	37.78	48.98	52.33	62.93	67.37	62.58	67	58.84	53.48	55.46	60.99	61.09	63.16	40.02	-517.17
Sustainable Growth Rate (%)	13.43	9.7	7.01	5.1	5.71	3.3	11.54	5.89	7.47	7.26	6.39	6.58	6.17	14.65	-15.19

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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Total Debt	4,562	5,292	6,274	6,119	5,879	5,211	3,963	3,813	3,326	8,314	8,219	8,327	11,032	15,006	18,406
ST Debt	634	708	1,217	1,294	1,930	1,301	560	461	99	548	566	649	969	795	843
LT Debt	3,928	4,584	5,056	4,825	3,949	3,910	3,402	3,352	3,227	7,766	7,654	7,678	10,062	14,211	17,563
Total Debt/EBITDA	1.95	2.49	2.81	2.66	2.81	2.18	1.72	1.3	1.03	2.43	2.28	2.26	2.86	2.54	26.78
Net Debt/EBITDA	1.77	2.28	2.61	2.52	2.71	1.64	0.3	0.35	0.33	0.78	0.88	1.34	2.26	1.9	23.05
Total Debt/EBIT	3.02	4.13	4.74	4.57	4.77	3.39	2.75	1.94	1.55	3.72	3.6	3.56	4.42	3.36	-20.99
Net Debt/EBIT	2.75	3.77	4.4	4.32	4.6	2.55	0.48	0.52	0.5	1.19	1.39	2.11	3.48	2.52	-18.06
EBITDA to Interest Expense	20.28	17.16	15.74	18.35	20.35	20.74	19.12	22.5	23.56	31.31	25.41	28.73	21.71	27.04	3.21
EBITDA-CapEx/Interest Expense	8.94	4.87	4.99	7.46	9.04	12.86	10.5	10.48	9.03	8.36	8.03	5.86	-4.36	-4.02	-29.6
EBIT to Interest Expense	13.38	12.28	10.81	13.17	13.47	14	14.81	15.06	15.84	20.47	15.99	18.85	15.43	13.47	13.5
Interest Expense	116	124	142	125	103	115	121	131	137	109	142	128	178	219	214
Common Equity/Total Assets	40.56	38.23	39.45	41.43	41.82	39.27	54.62	56.61	58.35	48	50.41	48.34	44.72	43.05	36.59
Long-Term Debt/Equity (%)	66.13	69.21	70.24	64.14	53.5	54.2	33.4	29.99	28.34	62.41	54.33	56.03	64.25	76.1	101.23
Long-Term Debt/Capital (%)	37.4	38.47	37.53	35.37	29.78	31.47	24.05	22.36	21.93	37.41	34.31	34.85	37.7	42.19	49.12
Long-Term Debt/Total Assets (%)	27.48	27.06	28.33	27.14	22.78	21.69	18.42	17.48	17.04	30.86	28.5	28.24	31.44	35.91	42.78
Total Debt/Equity (%)	76.81	79.9	87.15	81.35	79.65	72.24	38.91	34.11	29.21	66.82	58.34	60.77	70.44	80.36	106.09
Total Debt/Capital (%)	43.44	44.41	46.57	44.86	44.34	41.94	28.01	25.44	22.6	40.05	36.85	37.8	41.33	44.56	51.48
Total Debt/Total Assets (%)	31.92	31.24	35.15	34.41	33.92	28.9	21.46	19.88	17.56	33.03	30.6	30.62	34.47	37.92	44.83
Net Debt to Equity	69.71	73.04	80.89	76.87	76.85	54.31	6.77	9.14	9.46	21.34	22.49	36.01	55.48	60.24	91.31
Net Debt/Capital (%)	41.08	42.21	44.72	43.46	43.46	35.2	6.34	8.37	8.64	17.12	17.76	25.54	34.65	36.64	46.73
EBITDA	2,342	2,123	2,231	2,296	2,092	2,390	2,306	2,936	3,227	3,423	3,603	3,677	3,853	5,917	687
EBITDA-CapEx	1,033	602	707	933	929	1,482	1,266	1,368	1,238	914	1,139	751	-773	-879	-6,335
Operating Income (Loss)	1,545	1,519	1,533	1,648	1,385	1,613	1,786	1,966	2,170	2,238	2,268	2,413	2,739	2,948	2,889

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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Cash Ratio	0.18	0.17	0.14	0.11	0.06	0.39	1.48	1.27	1.33	2.63	2.07	0.95	0.5	0.71	0.44
Current Ratio	1.36	1.27	1.07	1.11	0.77	1.32	2.36	2.17	2.54	3.59	2.99	1.81	1.33	1.52	1.38
Quick Ratio	0.88	0.88	0.75	0.76	0.54	0.84	2.1	1.86	2.1	3.22	2.66	1.54	1.06	1.23	1
CFO/Avg Current Liab	0.76	0.71	0.53	0.71	0.75	0.77	0.54	1.05	1.43	1.54	1.28	1.03	0.87	0.9	0.78
Common Equity/Total Assets	40.56	38.23	39.45	41.43	41.82	39.27	54.62	56.61	58.35	48	50.41	48.34	44.72	43.05	36.59
Long-Term Debt/Equity (%)	66.13	69.21	70.24	64.14	53.5	54.2	33.4	29.99	28.34	62.41	54.33	56.03	64.25	76.1	101.23
Long-Term Debt/Capital (%)	37.4	38.47	37.53	35.37	29.78	31.47	24.05	22.36	21.93	37.41	34.31	34.85	37.7	42.19	49.12
Long-Term Debt/Total Assets (%)	27.48	27.06	28.33	27.14	22.78	21.69	18.42	17.48	17.04	30.86	28.5	28.24	31.44	35.91	42.78
Total Debt/Equity (%)	76.81	79.9	87.15	81.35	79.65	72.24	38.91	34.11	29.21	66.82	58.34	60.77	70.44	80.36	106.09
Total Debt/Capital (%)	43.44	44.41	46.57	44.86	44.34	41.94	28.01	25.44	22.6	40.05	36.85	37.8	41.33	44.56	51.48
Total Debt/Total Assets (%)	31.92	31.24	35.15	34.41	33.92	28.9	21.46	19.88	17.56	33.03	30.6	30.62	34.47	37.92	44.83
CFO/Total Liabilities	20.99	17.43	14.72	21.32	24.81	24.6	18.86	31.67	39.31	25.65	26.17	23.94	19.62	17.45	13.74
CFO/CapEx	1.34	1.18	1.03	1.6	2.12	2.93	1.5	1.62	1.49	1.3	1.36	1.1	0.69	0.54	0.46
Altman's Z-Score	3.19	2.88	3.03	3.4	3.16	3.36	4.47	4.83	6.07	4.95	4.49	4.11	3.85	3.24	2.73

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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Accounts Receivable Turnover	6.8	6.61	6.59	6.89	5.41	5.88	7.06	7.5	7.23	6.99	7.57	7.82	7.21	6.87	6.47
Days Sales Outstanding	53.64	55.18	55.38	52.98	67.46	62.08	51.72	48.66	50.49	52.24	48.19	46.65	50.62	53.12	56.44
Inventory Turnover	11.43	9.68	10.01	10.81	8.21	11.34	19.48	16.92	15.24	14.77	16.74	19.29	15.15	11.52	10.7
Days Inventory Outstanding	31.93	37.7	36.46	33.78	44.46	32.18	18.73	21.57	23.96	24.71	21.81	18.92	24.09	31.68	34.1
Accounts Payable Turnover	5.77	7.97	7.28	8.64	8.15	7.95	9.42	9.97	10.63	10.94	11.28	10.12	7.69	6.22	5.72
Accounts Payable Turnover Days	63.28	45.79	50.13	42.24	44.8	45.9	38.75	36.62	34.34	33.38	32.36	36.07	47.48	58.71	63.77
Cash Conversion Cycle	22.29	47.1	41.7	44.51	67.12	48.36	31.7	33.61	40.11	43.57	37.64	29.5	27.23	26.09	26.77
Inventory to Cash Days	21.72	17.48	18.92	19.2	23	29.9	32.98	27.09	26.53	27.53	26.39	27.73	26.53	21.44	22.34
Inventories	670	787	706	706	658	255	335	396	388	405	454	514	652	766	777
Raw Materials	259	220	235	283	229	117	223	250	232	249	279	330	412	514	542
Work In Process	30	37	39	34	34	18	16	21	28	21	24	22	28	42	42
Finished Goods	477	618	527	494	495	131	120	125	129	135	151	162	212	210	192
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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Market Capitalization	15,081	15,928	20,452	25,713	24,679	29,673	33,060	36,626	48,533	65,318	56,939	51,585	62,959	65,902	60,088
- Cash & Cash Equivalents	421	454	450	337	206	1,293	3,274	2,791	2,249	5,253	4,469	2,711	1,617	2,980	1,856
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	143	146	157	156	132	134	99	319	335	363	548	558	1,347	1,637	2,325
+ Total Debt	4,562	5,292	6,274	6,119	5,879	5,211	3,963	3,813	3,326	8,314	8,219	8,327	11,032	15,006	18,406
Enterprise Value	19,364	20,912	26,432	31,651	30,483	33,725	33,445	37,781	49,779	67,637	59,905	57,168	73,388	79,560	78,963
Total Capital	10,500	11,915	13,473	13,640	13,260	12,424	14,148	14,989	14,714	20,757	22,307	22,029	26,692	33,680	35,756
Total Debt/Capital (%)	43.44	44.41	46.57	44.86	44.34	41.94	28.01	25.44	22.6	40.05	36.85	37.8	41.33	44.56	51.48
Total Debt / EV	0.24	0.25	0.24	0.19	0.19	0.15	0.12	0.1	0.07	0.12	0.14	0.15	0.15	0.19	0.23
EV/Sales	2	2.18	2.6	3.03	3.9	4.49	4.08	4.23	5.58	7.64	5.8	4.5	5.82	6.57	6.56
EV/EBITDA	8.27	9.85	11.85	13.79	14.57	14.11	14.5	12.87	15.42	19.76	16.63	15.55	19.05	13.45	114.91
EV/EBIT	12.84	16.31	19.96	23.64	24.72	21.97	23.23	19.22	23.21	30.23	26.26	24.44	29.42	17.81	- -
EV/Cash Flow to Firm	10.52	11.03	15.76	13.89	11.96	12.29	20.14	14.36	16.17	20.18	17.33	17.14	21.91	20.81	- -
EV/Free Cash Flow to Firm	36.44	55.87	173.13	34.57	22	18.37	53.87	35.56	45.73	80.19	60.31	139.97	- -	- -	- -
Diluted Market Cap	15,614	16,095	20,561	25,913	24,901	29,803	33,280	36,840	48,794	65,697	57,222	51,739	63,100	66,029	60,119
Diluted Enterprise Value	19,897	21,079	26,541	31,851	30,706	33,854	33,665	37,996	50,040	68,016	60,189	57,322	73,530	79,687	78,994
EV per Share	92.13	98.42	125.16	148.22	141.55	155.16	153.17	172.11	225.84	306.03	270.58	257.7	330.28	357.78	354.75
TTM Sales	9,674	9,612	10,180	10,439	7,824	7,504	8,188	8,930	8,919	8,856	10,323	12,699	12,600	12,101	12,037
TTM EBITDA	2,342	2,123	2,231	2,296	2,092	2,390	2,306	2,936	3,227	3,423	3,603	3,677	3,853	5,917	687
TTM Operating Income	1,545	1,519	1,533	1,648	1,385	1,613	1,786	1,966	2,170	2,238	2,268	2,413	2,739	2,948	2,889
TTM Cash Flow to Firm	1,841	1,895	1,677	2,278	2,548	2,744	1,661	2,631	3,078	3,352	3,458	3,335	3,350	3,823	- -
TTM Free Cash Flow to Firm	531	374	153	916	1,386	1,836	621	1,063	1,088	843	993	408	-1,277	-2,974	- -

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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Price/Free Cash Flow	35.17	57.96	475.94	31.43	19.05	17	63.69	38.14	49.78	86.93	65.2	170.36	-44.43	-20.96	-15.96
EV/EBIT	12.84	16.31	19.96	23.64	24.72	21.97	23.23	19.22	23.21	30.23	26.26	24.44	29.42	17.81	- -
Enterprise Value	19,364	20,912	26,432	31,651	30,483	33,725	33,445	37,781	49,779	67,637	59,905	57,168	73,388	79,560	78,963
Low Price	68.4	67.27	70.03	93.57	108.2	105.1	131.46	149.07	148.49	179.17	249.58	215.04	228.75	212.54	239.76
EV/Sales	2	2.18	2.6	3.03	3.9	4.49	4.08	4.23	5.58	7.64	5.8	4.5	5.82	6.57	6.56
EV/EBITDA	8.27	9.85	11.85	13.79	14.57	14.11	14.5	12.87	15.42	19.76	16.63	15.55	19.05	13.45	114.91
Price/Earnings	12.48	13.56	20.43	25.83	19.27	46.81	11	24.43	27.56	34.65	27.15	22.88	27.38	17.22	- -
Price/Earnings Average	13.92	13.87	17.4	23.26	21.78	43.6	10.32	23.74	23.85	28.24	29.58	25.56	27.77	15.2	- -
Price/Earnings High	15.45	15.2	21.05	26.52	24.06	49.52	11.02	25.31	29.03	36.13	33.68	31.01	31.6	17.48	- -
Price/Earnings Low	11.9	12.17	14.77	20.07	18.2	36.04	9.55	21.83	18.59	21.01	26.35	21.16	22.11	12.35	- -
Price/Book Value	2.6	2.46	2.9	3.49	3.4	4.19	3.28	3.37	4.39	5.41	4.21	3.92	4.4	3.87	4
Price/Book Value Average	2.9	2.52	2.47	3.14	3.85	3.9	3.07	3.28	3.8	4.41	4.58	4.38	4.46	3.41	4.38
Price/Book Value High	3.22	2.76	2.99	3.59	4.25	4.43	3.28	3.49	4.62	5.64	5.22	5.32	5.08	3.92	5.04
Price/Book Value Low	2.48	2.21	2.1	2.71	3.21	3.23	2.85	3.01	2.96	3.28	4.08	3.63	3.55	2.77	3.55
Price/Tangible Book Value	3.18	3.87	4.38	4.66	4.4	5.08	3.67	3.8	4.93	6.07	4.66	4.31	4.8	4.17	4.36
Price/Tangible Book Value Average	3.55	3.96	3.73	4.2	4.97	4.73	3.45	3.7	4.27	4.95	5.08	4.81	4.87	3.68	4.78
Price/Tangible Book Value High	3.94	4.34	4.51	4.79	5.49	5.37	3.68	3.94	5.2	6.34	5.79	5.84	5.54	4.23	5.5
Price/Tangible Book Value Low	3.03	3.47	3.17	3.62	4.15	3.91	3.19	3.4	3.33	3.68	4.53	3.98	3.88	2.99	3.88
Price/Sales	1.58	1.65	1.99	2.45	3.15	3.94	4.03	4.1	5.44	7.38	5.52	4.07	5	5.45	4.99
Price/Sales Average	1.76	1.68	1.7	2.21	3.56	3.67	3.78	3.98	4.71	6.02	6.01	4.54	5.07	4.81	5.47
Price/Sales High	1.95	1.85	2.06	2.52	3.93	4.17	4.04	4.25	5.73	7.7	6.85	5.51	5.77	5.53	6.29
Price/Sales Low	1.51	1.48	1.44	1.91	2.97	3.03	3.5	3.66	3.67	4.47	5.36	3.76	4.04	3.91	4.44
Price/Cash Flow	8.72	8.8	12.96	11.71	9.97	11.1	21.13	14.44	16.33	20.02	17.05	15.98	19.64	18.08	18.46
Price/Cash Flow Average	9.72	9	11.04	10.55	11.27	10.34	19.82	14.03	14.13	16.32	18.58	17.85	19.92	15.96	20.23
Price/Cash Flow High	10.79	9.87	13.35	12.03	12.45	11.75	21.17	14.96	17.2	20.88	21.16	21.66	22.67	18.35	23.26
Price/Cash Flow Low	8.31	7.9	9.37	9.1	9.42	8.55	18.34	12.9	11.01	12.14	16.55	14.78	15.86	12.97	16.39
Price/Free Cash Flow Average	39.21	59.28	405.34	28.31	21.53	15.83	59.75	37.06	43.08	70.85	71.03	190.31	-45.06	-18.5	-17.5
Price/Free Cash Flow High	43.52	64.96	490.47	32.28	23.78	17.98	63.83	39.51	52.43	90.66	80.88	230.9	-51.28	-21.27	-20.12
Price/Free Cash Flow Low	33.53	52.01	344.13	24.43	17.99	13.09	55.3	34.07	33.57	52.7	63.27	157.54	-35.87	-15.03	-14.18
EV/Sales Average	2.18	2.21	2.3	2.79	4.31	4.22	3.84	4.12	4.85	6.27	6.3	4.98	5.89	5.93	7.04
EV/Sales High	2.37	2.38	2.66	3.1	4.68	4.72	4.09	4.38	5.87	7.95	7.13	5.95	6.59	6.65	7.86
EV/Sales Low	1.93	2.01	2.04	2.48	3.72	3.58	3.55	3.79	3.81	4.73	5.64	4.2	4.86	5.03	6
EV/EBITDA Average	9.01	10.02	10.49	12.67	16.11	13.26	13.62	12.52	13.4	16.23	18.04	17.19	19.28	12.14	123.32
EV/EBITDA High	9.8	10.76	12.13	14.09	17.51	14.83	14.54	13.32	16.23	20.58	20.43	20.53	21.57	13.61	137.67
EV/EBITDA Low	7.97	9.08	9.31	11.29	13.92	11.25	12.61	11.54	10.53	12.25	16.16	14.49	15.9	10.3	105.13
EV/EBIT Average	13.99	16.59	17.67	21.73	27.33	20.64	21.81	18.7	20.17	24.83	28.49	27.03	29.77	16.08	- -
EV/EBIT High	15.21	17.81	20.43	24.15	29.69	23.09	23.28	19.89	24.42	31.48	32.26	32.28	33.31	18.03	- -
EV/EBIT Low	12.37	15.03	15.68	19.36	23.6	17.52	20.2	17.24	15.84	18.73	25.52	22.78	24.56	13.64	- -
Last Price	71.75	74.97	96.85	120.41	114.59	136.52	151.41	166.85	220.19	295.53	257.18	232.53	283.34	296.36	269.95
High Price	88.79	84.02	99.8	123.67	143.08	144.42	151.74	172.86	231.92	308.2	319.04	315.16	327.01	300.69	340.22
Enterprise Value Average	21,096	21,274	23,398	29,094	33,699	31,686	31,399	36,748	43,247	55,549	65,000	63,208	74,271	71,808	84,743
Enterprise Value High	22,945	22,836	27,057	32,345	36,618	35,442	33,516	39,102	52,366	70,438	73,600	75,499	83,092	80,524	94,604
Enterprise Value Low	18,659	19,277	20,768	25,919	29,107	26,895	29,088	33,877	33,975	41,918	58,222	53,287	61,258	60,922	72,243

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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Shares Outstanding	210	212	211	214	215	217	218	220	220	221	221	222	222	222	223
Diluted Weighted Avg Shares	218	215	212	215	217	218	220	221	222	222	223	223	223	223	223
Basic Weighted Avg Shares	213	211	210	213	215	216	218	219	220	221	222	222	222	223	223
Revenue per Share	45.42	45.51	48.55	49.08	36.41	34.68	37.56	40.72	40.49	40.04	46.58	57.2	56.68	54.38	54.05
EBITDA per Share	11	10.05	10.64	10.79	9.73	11.04	10.58	13.39	14.65	15.47	16.26	16.56	17.33	26.59	3.09
Operating Income per Share	7.25	7.19	7.31	7.75	6.44	7.45	8.19	8.96	9.85	10.12	10.23	10.87	12.32	13.25	12.97
Basic EPS, GAAP	5.75	5.53	4.74	4.66	5.95	2.92	13.76	6.83	7.99	8.53	9.47	10.16	10.35	17.21	-1.77
Basic EPS from Cont Ops	5.5	4.85	4.97	4.68	4.49	5.18	5.3	6.8	8.21	8.79	9.23	10.15	10.49	17.42	-1.56
Diluted EPS, GAAP	5.63	5.44	4.68	4.61	5.88	2.89	13.65	6.78	7.94	8.49	9.43	10.14	10.33	17.18	-1.77
Diluted EPS from Cont Ops	5.38	4.78	4.91	4.63	4.45	5.14	5.26	6.75	8.17	8.75	9.19	10.13	10.47	17.4	-1.56
Dividend per Share	2.14	2.44	2.7	2.95	3.15	3.33	3.61	4.09	4.51	4.99	5.67	6.23	6.73	7.03	7.11
Cash Flow per Share	8.23	8.52	7.47	10.28	11.49	12.3	7.17	11.56	13.48	14.76	15.08	14.55	14.42	16.39	14.62
Free Cash Flow per Basic Share	2.08	1.31	0.21	3.88	6.08	8.1	2.4	4.4	4.45	3.42	3.96	1.37	-6.39	-14.16	-16.91
Cash & Equivalents per Share	2	2.14	2.13	1.58	0.96	5.95	16.84	13.56	10.96	28.77	26.2	14.88	8.77	13.42	8.34
Book Value per Share	27.57	30.48	33.35	34.49	33.66	32.57	46.19	49.46	50.15	54.66	61.16	59.25	64.41	76.61	67.5
Tangible Book Value per Share	22.55	19.38	22.12	25.82	26.05	26.9	41.2	43.87	44.63	48.65	55.14	53.97	59.03	71.14	61.85