Cognizant Technology Solutions Corporation Financial Ratios — COZ

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 (%)	23.45	23.87	22.36	20.74	19.09	15.53	14.06	19.02	16.41	12.74	18.72	18.85	16.65	16.21	15.16
Return on Assets (%)	17.51	17.48	16.77	14.67	13.24	11.37	10.2	13.53	11.49	8.4	12.29	12.83	11.7	11.65	10.97
Return on Capital (%)	23.45	23.87	22.36	18.58	16.43	14.12	13.11	17.89	14.97	11.13	16.35	16.77	15.2	14.99	14.06
Return on Invested Capital (%)	22.78	23.4	22.22	18.19	16.15	13.64	12.16	17.68	14.64	11.07	16.27	16.26	14.32	14.36	13.47
Gross Margin (%)	42.19	41.76	40.46	40.16	40.08	39.88	38.2	38.99	36.64	35.92	37.3	35.93	34.56	34.34	33.72
EBITDA Margin (%)	20.59	20.66	21.01	20.39	19.91	19.78	19.74	20.46	17.75	16.05	18.37	18.21	16.76	17.4	18.66
Operating Margin (%)	18.57	18.53	18.97	18.37	17.25	16.97	17.24	17.49	15.91	13.99	15.27	15.28	15.08	15.33	15.76
Incremental Operating Margin (%)	17.96	18.36	21.14	14.59	11.94	13.73	19.95	20.3	- -	260.31	26.79	15.42	66.67	28.2	21.94
Pretax Margin (%)	19.1	18.89	19.09	18.75	17.43	17.48	17.93	17.35	15.15	12.59	15.28	15.52	14.4	14.89	16.48
Profit Margin (%)	14.44	14.31	13.89	14.02	13.08	11.51	10.16	13.03	10.98	8.36	11.55	11.79	10.99	11.35	10.56
Net Income to Common Margin (%)	14.44	14.31	13.89	14.02	13.08	11.51	10.16	13.03	10.98	8.36	11.55	11.79	10.99	11.35	10.56
Effective Tax Rate (%)	24.42	24.24	27.21	25.21	24.95	34.15	43.43	24.96	25.29	33.59	24.51	24.2	23.97	24.27	36.16
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	17.62	22.28	24.59	34.48	23.82	24.63	27.8	26.79	27.35
Sustainable Growth Rate (%)	23.45	23.87	22.36	20.74	19.09	15.53	11.58	14.78	12.38	8.34	14.26	14.21	12.02	11.87	11.01

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	- -	- -	- -	1,638	1,283	878	873	745	1,685	1,758	1,642	1,534	1,315	1,480	1,152
ST Debt	- -	- -	- -	700	406	81	175	9	240	249	233	182	186	185	186
LT Debt	- -	- -	- -	938	877	797	698	736	1,445	1,509	1,409	1,352	1,129	1,295	966
Total Debt/EBITDA	- -	- -	- -	0.78	0.52	0.33	0.3	0.23	0.57	0.66	0.48	0.43	0.41	0.43	0.29
Net Debt/EBITDA	-1.04	-1.03	-1.19	-0.18	-0.34	-0.43	-0.36	-0.13	-0.64	-0.74	-0.33	-0.44	-0.61	-0.39	-0.34
Total Debt/EBIT	- -	- -	- -	0.87	0.6	0.38	0.35	0.27	0.69	0.83	0.58	0.52	0.49	0.51	0.34
Net Debt/EBIT	-1.15	-1.15	-1.32	-0.2	-0.39	-0.51	-0.42	-0.15	-0.78	-0.94	-0.4	-0.52	-0.74	-0.46	-0.39
EBITDA to Interest Expense	- -	- -	- -	697.67	137.33	140.42	127.13	122.19	114.58	111.38	377.78	186.16	79.12	63.59	106.46
EBITDA-CapEx/Interest Expense	- -	- -	- -	627	122.17	124.63	114.78	108.22	99.5	94.79	346.78	168.68	71.39	58.09	98.68
EBIT to Interest Expense	- -	- -	- -	628.33	119	120.47	111	104.44	102.69	97.04	314	156.21	71.17	56.04	89.92
Interest Expense	- -	- -	- -	3	18	19	23	27	26	24	9	19	41	54	37
Common Equity/Total Assets	71.77	74.44	75.43	67.43	71.04	75.22	70.09	72.09	68.02	64.03	67.17	68.95	71.56	72.16	72.56
Long-Term Debt/Equity (%)	- -	- -	- -	12.11	9.45	7.43	6.54	6.44	13.11	13.93	11.75	10.98	8.54	8.99	6.43
Long-Term Debt/Capital (%)	- -	- -	- -	10	8.3	6.87	6.05	6.05	11.37	11.98	10.34	9.77	7.76	8.15	5.98
Long-Term Debt/Total Assets (%)	- -	- -	- -	8.17	6.71	5.59	4.59	4.64	8.92	8.92	7.89	7.57	6.11	6.49	4.67
Total Debt/Equity (%)	- -	- -	- -	21.16	13.83	8.18	8.18	6.52	15.29	16.22	13.69	12.46	9.94	10.27	7.67
Total Debt/Capital (%)	- -	- -	- -	17.46	12.15	7.57	7.56	6.12	13.26	13.96	12.04	11.08	9.04	9.32	7.13
Total Debt/Total Assets (%)	- -	- -	- -	14.27	9.82	6.16	5.74	4.7	10.4	10.39	9.2	8.59	7.11	7.41	5.57
Net Debt to Equity	-33.16	-32.34	-36.07	-4.81	-9.08	-10.78	-9.86	-3.64	-17.3	-18.26	-9.41	-12.55	-14.98	-9.18	-8.82
Net Debt/Capital (%)	-49.62	-47.81	-56.41	-5.06	-9.98	-12.08	-10.94	-3.78	-18.95	-19.96	-9.53	-13.26	-16.63	-9.69	-9.29
EBITDA	1,261	1,518	1,858	2,093	2,472	2,668	2,924	3,299	2,979	2,673	3,400	3,537	3,244	3,434	3,939
EBITDA-CapEx	972	1,184	1,596	1,881	2,199	2,368	2,640	2,922	2,587	2,275	3,121	3,205	2,927	3,137	3,651
Operating Income (Loss)	1,136	1,361	1,678	1,885	2,142	2,289	2,553	2,820	2,670	2,329	2,826	2,968	2,918	3,026	3,327

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	2.01	2.08	2.11	1.46	1.82	2.14	1.78	1.66	1.15	0.77	0.77	0.75	0.79	0.63	0.52
Current Ratio	3.38	3.5	3.46	2.48	2.91	3.56	3.21	3.18	2.55	1.94	2.08	2.17	2.25	2.09	2.14
Quick Ratio	3.1	3.19	3.17	2.34	2.79	3.34	2.92	2.84	2.24	1.64	1.78	1.88	1.95	1.76	1.74
CFO/Avg Current Liab	0.82	0.91	0.9	0.67	0.82	0.64	0.92	0.93	0.88	1.01	0.71	0.75	0.7	0.61	0.8
Common Equity/Total Assets	71.77	74.44	75.43	67.43	71.04	75.22	70.09	72.09	68.02	64.03	67.17	68.95	71.56	72.16	72.56
Long-Term Debt/Equity (%)	- -	- -	- -	12.11	9.45	7.43	6.54	6.44	13.11	13.93	11.75	10.98	8.54	8.99	6.43
Long-Term Debt/Capital (%)	- -	- -	- -	10	8.3	6.87	6.05	6.05	11.37	11.98	10.34	9.77	7.76	8.15	5.98
Long-Term Debt/Total Assets (%)	- -	- -	- -	8.17	6.71	5.59	4.59	4.64	8.92	8.92	7.89	7.57	6.11	6.49	4.67
Total Debt/Equity (%)	- -	- -	- -	21.16	13.83	8.18	8.18	6.52	15.29	16.22	13.69	12.46	9.94	10.27	7.67
Total Debt/Capital (%)	- -	- -	- -	17.46	12.15	7.57	7.56	6.12	13.26	13.96	12.04	11.08	9.04	9.32	7.13
Total Debt/Total Assets (%)	- -	- -	- -	14.27	9.82	6.16	5.74	4.7	10.4	10.39	9.2	8.59	7.11	7.41	5.57
CFO/Total Liabilities	56.28	70.33	71.23	39.4	57.81	46.55	52.88	58.62	48.22	54.2	42.57	46.33	44.33	38.22	50.78
CFO/CapEx	3.04	3.51	5.44	6.95	8.01	5.48	8.48	6.88	6.38	8.29	8.94	7.73	7.35	7.15	10.01
Altman's Z-Score	11.05	11.56	12.74	9.1	9.82	9.79	9.48	9.26	8.09	8.19	9.24	7.79	8.95	9.01	9.07

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	5.58	5.82	5.91	5.67	5.88	5.61	5.46	5.33	5.21	5.25	5.57	5.28	5.06	4.99	4.97
Days Sales Outstanding	65.39	62.72	61.8	64.33	62.05	65.07	66.8	68.53	70.09	69.52	65.52	69.07	72.09	73.13	73.47
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	19,372	21,924	30,177	32,685	37,286	34,043	42,005	36,329	33,886	42,606	46,707	28,570	37,404	38,792	40,510
- Cash & Cash Equivalents	1,311	1,570	2,213	2,010	2,125	2,034	1,925	1,161	2,645	2,680	1,792	2,191	2,621	2,231	1,901
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	1,638	1,283	878	873	745	1,685	1,758	1,642	1,534	1,315	1,480	1,152
Enterprise Value	16,939	19,060	26,429	30,548	33,620	29,752	37,822	32,563	32,147	41,640	45,630	27,603	36,084	38,029	39,748
Total Capital	3,953	4,854	6,136	9,378	10,561	11,606	11,542	12,169	12,707	12,594	13,633	13,843	14,542	15,888	16,167
Total Debt/Capital (%)	- -	- -	- -	17.46	12.15	7.57	7.56	6.12	13.26	13.96	12.04	11.08	9.04	9.32	7.13
Total Debt / EV	- -	- -	- -	0.05	0.04	0.03	0.02	0.02	0.05	0.04	0.04	0.06	0.04	0.04	0.03
EV/Sales	2.77	2.59	2.99	2.98	2.71	2.21	2.55	2.02	1.92	2.5	2.47	1.42	1.86	1.93	1.88
EV/EBITDA	13.44	12.56	14.23	14.6	13.6	11.15	12.94	9.87	10.79	15.58	13.42	7.8	11.12	11.07	10.09
EV/EBIT	14.91	14	15.75	16.21	15.7	13	15.24	11.63	13.1	19.7	16.15	9.3	13.42	13.15	11.73
EV/Cash Flow to Firm	19.36	16.25	18.56	20.71	15.28	17.95	15.63	12.47	12.76	12.56	18.24	10.69	15.28	17.57	13.68
EV/Free Cash Flow to Firm	28.86	22.74	22.74	24.18	17.44	21.92	17.71	14.57	15.12	14.28	20.53	12.27	17.65	20.36	15.18
Diluted Market Cap	19,835	22,228	30,273	32,851	37,549	34,155	42,505	36,770	34,628	43,490	46,974	29,132	37,929	38,949	41,356
Diluted Enterprise Value	17,403	19,364	26,525	30,714	33,883	29,864	38,322	33,004	32,889	42,524	45,897	28,165	36,609	38,186	40,594
EV per Share	27.94	31.59	43.49	50.13	55.21	48.93	64.32	56.44	58.66	78.57	86.91	54.23	72.46	76.83	82.98
TTM Sales	6,121	7,346	8,843	10,263	12,416	13,487	14,810	16,125	16,783	16,652	18,507	19,428	19,353	19,736	21,108
TTM EBITDA	1,261	1,518	1,858	2,093	2,472	2,668	2,924	3,299	2,979	2,673	3,400	3,537	3,244	3,434	3,939
TTM Operating Income	1,136	1,361	1,678	1,885	2,142	2,289	2,553	2,820	2,670	2,329	2,826	2,968	2,918	3,026	3,327
TTM Cash Flow to Firm	875	1,173	1,424	1,475	2,201	1,658	2,420	2,612	2,518	3,315	2,502	2,582	2,361	2,165	2,907
TTM Free Cash Flow to Firm	587	838	1,162	1,263	1,928	1,358	2,136	2,235	2,126	2,917	2,223	2,250	2,044	1,868	2,619

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	33.79	26.52	26.05	26.05	19.62	25.39	20.02	16.6	16.43	14.99	21.2	13.03	18.84	21.32	15.94
EV/EBIT	14.91	14	15.75	16.21	15.7	13	15.24	11.63	13.1	19.7	16.15	9.3	13.42	13.15	11.73
Enterprise Value	16,939	19,060	26,429	30,548	33,620	29,752	37,822	32,563	32,147	41,640	45,630	27,603	36,084	38,029	39,748
Low Price	27.24	27.56	30.56	43.07	50.79	49.65	51.63	61.1	56.8	41.9	66.09	51.64	55.46	63.95	63.96
EV/Sales	2.77	2.59	2.99	2.98	2.71	2.21	2.55	2.02	1.92	2.5	2.47	1.42	1.86	1.93	1.88
EV/EBITDA	13.44	12.56	14.23	14.6	13.6	11.15	12.94	9.87	10.79	15.58	13.42	7.8	11.12	11.07	10.09
Price/Earnings	21.94	20.83	24.41	22.67	22.96	21.88	28.17	17.44	18.77	31.19	21.94	12.7	17.84	17.35	18.51
Price/Earnings Average	24.7	19.14	18.97	20.6	23.29	22.33	25.96	21.09	19.69	24.62	18.81	16.26	15.52	16.42	16.66
Price/Earnings High	28.58	22.22	24.41	23.09	26.19	24.85	29.79	23.59	22.72	32	22.08	21.01	18.1	18.23	19.84
Price/Earnings Low	18.7	15.8	15.02	18.2	19.05	19.41	20.36	16.92	17.24	16.25	16.3	11.68	13.17	14.16	14
Price/Book Value	4.9	4.52	4.92	4.22	4.02	3.17	3.94	3.18	3.07	3.93	3.9	2.32	2.83	2.69	2.7
Price/Book Value Average	5.52	4.15	3.82	3.84	4.08	3.24	3.63	3.85	3.23	3.1	3.34	2.97	2.46	2.55	2.43
Price/Book Value High	6.39	4.82	4.92	4.3	4.58	3.6	4.16	4.3	3.72	4.03	3.92	3.84	2.87	2.83	2.89
Price/Book Value Low	4.18	3.43	3.03	3.39	3.33	2.81	2.85	3.09	2.82	2.05	2.89	2.14	2.09	2.2	2.04
Price/Tangible Book Value	5.43	4.92	5.43	7.47	6.21	4.71	6.01	5.35	5.65	8.95	9.06	5.26	6.24	6.62	6.24
Price/Tangible Book Value Average	6.12	4.52	4.22	6.79	6.29	4.81	5.54	6.47	5.92	7.07	7.77	6.74	5.43	6.27	5.62
Price/Tangible Book Value High	7.08	5.25	5.43	7.61	7.08	5.35	6.36	7.23	6.84	9.19	9.12	8.7	6.33	6.96	6.69
Price/Tangible Book Value Low	4.63	3.73	3.34	6	5.15	4.18	4.35	5.19	5.19	4.67	6.73	4.84	4.61	5.41	4.72
Price/Sales	3.17	2.98	3.39	3.18	3	2.52	2.86	2.27	2.06	2.61	2.53	1.5	1.96	1.97	1.96
Price/Sales Average	3.57	2.74	2.64	2.89	3.05	2.57	2.64	2.75	2.16	2.06	2.17	1.92	1.71	1.86	1.76
Price/Sales High	4.13	3.18	3.39	3.24	3.43	2.86	3.03	3.07	2.49	2.67	2.55	2.48	1.99	2.07	2.1
Price/Sales Low	2.7	2.26	2.09	2.55	2.49	2.23	2.07	2.21	1.89	1.36	1.88	1.38	1.45	1.61	1.48
Price/Cash Flow	22.15	18.67	21.06	22.14	17.05	20.66	17.6	14.14	13.83	13.16	18.79	11.32	16.28	18.3	14.32
Price/Cash Flow Average	24.94	17.16	16.37	20.13	17.29	21.08	16.22	17.09	14.51	10.39	16.11	14.5	14.16	17.31	12.89
Price/Cash Flow High	28.86	19.92	21.06	22.56	19.45	23.46	18.62	19.12	16.75	13.5	18.91	18.73	16.52	19.22	15.34
Price/Cash Flow Low	18.88	14.16	12.96	17.78	14.15	18.32	12.72	13.72	12.71	6.86	13.96	10.42	12.02	14.93	10.83
Price/Free Cash Flow Average	38.06	24.38	20.24	23.68	19.9	25.91	18.45	20.07	17.24	11.83	18.17	16.69	16.39	20.17	14.35
Price/Free Cash Flow High	44.04	28.3	26.05	26.54	22.37	28.83	21.18	22.45	19.9	15.38	21.33	21.56	19.12	22.39	17.08
Price/Free Cash Flow Low	28.8	20.11	16.03	20.92	16.28	22.52	14.47	16.11	15.1	7.81	15.75	11.99	13.91	17.4	12.05
EV/Sales Average	3.17	2.35	2.23	2.69	2.75	2.26	2.33	2.49	2.01	1.96	2.11	1.83	1.61	1.82	1.69
EV/Sales High	3.73	2.79	2.99	3.04	3.13	2.55	2.72	2.81	2.34	2.57	2.48	2.38	1.89	2.03	2.02
EV/Sales Low	2.3	1.87	1.68	2.35	2.2	1.92	1.77	1.95	1.75	1.28	1.82	1.3	1.36	1.57	1.42
EV/EBITDA Average	15.37	11.39	10.61	13.18	13.81	11.41	11.81	12.17	11.35	12.22	11.46	10.07	9.62	10.46	9.07
EV/EBITDA High	18.1	13.52	14.23	14.89	15.72	12.88	13.77	13.75	13.19	15.99	13.51	13.09	11.29	11.64	10.83
EV/EBITDA Low	11.17	9.07	7.98	11.52	11.03	9.71	8.95	9.54	9.86	7.95	9.89	7.16	8.11	9	7.58
EV/EBIT Average	17.05	12.7	11.74	14.63	15.94	13.3	13.92	14.34	13.79	15.45	13.79	12	11.61	12.43	10.54
EV/EBIT High	20.07	15.08	15.75	16.53	18.14	15.01	16.22	16.19	16.02	20.22	16.25	15.6	13.62	13.82	12.59
EV/EBIT Low	12.39	10.11	8.84	12.79	12.73	11.31	10.55	11.24	11.98	10.05	11.9	8.53	9.78	10.68	8.81
Last Price	31.96	36.34	49.65	53.64	61.22	55.99	71.44	62.96	61.83	80.39	88.97	56.13	75.11	78.37	84.57
High Price	41.64	38.77	49.65	54.64	69.82	63.58	75.57	85.14	74.87	82.48	89.52	92.87	76.22	82.31	90.65
Enterprise Value Average	19,382	17,287	19,704	27,575	34,148	30,446	34,528	40,162	33,815	32,668	38,965	35,623	31,223	35,933	35,714
Enterprise Value High	22,811	20,528	26,429	31,159	38,857	34,363	40,249	45,362	39,290	42,748	45,921	46,305	36,635	39,979	42,658
Enterprise Value Low	14,079	13,763	14,825	24,109	27,267	25,897	26,178	31,487	29,387	21,239	33,620	25,317	26,300	30,893	29,873

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	606	603	608	609	609	608	588	577	548	530	525	509	498	495	479
Diluted Weighted Avg Shares	621	612	610	612	613	610	595	584	560	541	528	519	505	497	489
Basic Weighted Avg Shares	607	603	604	608	609	607	593	582	559	540	527	518	505	496	488
Revenue per Share	10.09	12.19	14.64	16.88	20.38	22.22	24.97	27.71	30.02	30.84	35.12	37.51	38.32	39.79	43.25
EBITDA per Share	2.08	2.52	3.08	3.44	4.06	4.4	4.93	5.67	5.33	4.95	6.45	6.83	6.42	6.92	8.07
Operating Income per Share	1.87	2.26	2.78	3.1	3.52	3.77	4.31	4.85	4.78	4.31	5.36	5.73	5.78	6.1	6.82
Basic EPS, GAAP	1.46	1.74	2.03	2.37	2.67	2.56	2.54	3.61	3.3	2.58	4.06	4.42	4.21	4.52	4.57
Basic EPS from Cont Ops	1.46	1.74	2.03	2.37	2.67	2.56	2.54	3.61	3.3	2.58	4.06	4.42	4.21	4.52	4.57
Diluted EPS, GAAP	1.42	1.72	2.02	2.35	2.65	2.55	2.53	3.6	3.29	2.57	4.05	4.41	4.21	4.51	4.56
Diluted EPS from Cont Ops	1.42	1.72	2.02	2.35	2.65	2.55	2.53	3.6	3.29	2.57	4.05	4.41	4.21	4.51	4.56
Dividend per Share	- -	- -	- -	- -	- -	- -	0.45	0.8	0.81	0.89	0.97	1.09	1.17	1.21	1.25
Cash Flow per Share	1.44	1.95	2.36	2.42	3.59	2.71	4.06	4.45	4.47	6.11	4.73	4.96	4.61	4.28	5.91
Free Cash Flow per Basic Share	0.97	1.39	1.92	2.07	3.14	2.22	3.58	3.81	3.77	5.37	4.2	4.32	3.99	3.68	5.32
Cash & Equivalents per Share	4.01	4.75	6.17	6.19	8.13	8.5	8.6	7.82	6.25	5.14	5.18	4.91	5.29	4.53	4
Book Value per Share	6.52	8.05	10.1	12.7	15.23	17.64	18.14	19.8	20.11	20.45	22.84	24.18	26.56	29.11	31.35
Tangible Book Value per Share	5.88	7.39	9.15	7.18	9.87	11.88	11.88	11.77	10.95	8.98	9.82	10.67	12.03	11.83	13.55