Fiserv, Inc. Financial Ratios — FIV 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 (%)	14.55	18.31	18.51	21.92	23.91	35.76	47.27	47.25	5.06	2.93	4.22	8.19	10.11	11	13.17
Return on Assets (%)	5.61	7.17	7.2	8.01	7.64	9.75	12.44	11.02	2.01	1.26	1.77	3.16	3.51	3.73	4.42
Return on Capital (%)	8.97	10.91	10.67	11.82	11.7	14.66	19.01	16.75	3.96	2.78	3.38	5.79	7.13	7.78	8.76
Return on Invested Capital (%)	9.7	10.39	9.57	10.56	12.02	12.46	17.91	16.5	4.04	2.78	3.33	5.67	7.46	9.29	8.59
Gross Margin (%)	41.62	42.2	42.33	43.13	44.63	46.25	46.91	47.3	47.88	47.4	49.91	54.94	59.83	60.83	59.36
EBITDA Margin (%)	31.13	31.51	30.41	31.86	32.89	33.9	34.43	39.46	32	34.08	33.8	38.95	42.61	43.87	42.37
Operating Margin (%)	23.08	23.62	22.04	23.88	24.95	26.25	26.72	26.21	15.65	9.35	14.1	20.78	25.39	28.74	26.89
Incremental Operating Margin (%)	- -	39.46	3.44	59.13	53.72	53.39	40.31	3.15	1.56	- -	65.5	92.52	85.62	75.72	- -
Pretax Margin (%)	16.86	19.86	18.65	20.67	20.12	23.16	23.84	26.7	10.63	7.88	10.27	16.42	20.42	22.03	20.12
Profit Margin (%)	11	13.77	13.46	14.88	13.55	16.89	21.88	20.38	8.77	6.45	8.22	14.26	16.07	15.31	16.42
Net Income to Common Margin (%)	11	13.77	13.46	14.88	13.55	16.89	21.88	20.38	8.77	6.45	8.22	14.26	16.07	15.31	16.42
Effective Tax Rate (%)	35.13	34.05	36.53	36.68	35.67	38.59	11.63	24.31	18.28	16.74	21.79	18.92	19.34	14.23	19.02
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	14.55	18.31	18.51	21.92	23.91	35.76	47.27	47.25	5.06	2.93	4.22	8.19	10.11	11	13.17

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	3,395	3,230	3,848	3,790	4,293	4,562	4,900	5,959	21,899	20,684	21,237	21,542	23,236	24,956	29,123
ST Debt	179	2	92	92	5	95	3	4	287	384	508	592	873	1,226	1,365
LT Debt	3,216	3,228	3,756	3,698	4,288	4,467	4,897	5,955	21,612	20,300	20,729	20,950	22,363	23,730	27,758
Total Debt/EBITDA	2.54	2.31	2.63	2.35	2.48	2.44	2.5	2.59	6.72	4.09	3.87	3.12	2.86	2.78	3.24
Net Debt/EBITDA	2.29	2.05	2.36	2.17	2.33	2.28	2.33	2.41	6.33	3.76	3.58	2.85	2.58	2.52	2.91
Total Debt/EBIT	3.43	3.08	3.63	3.13	3.27	3.16	3.2	3.4	13.61	11.17	9.28	5.76	4.63	4.24	5.01
Net Debt/EBIT	3.09	2.74	3.25	2.89	3.06	2.95	2.99	3.16	12.82	10.28	8.57	5.27	4.18	3.85	4.48
EBITDA to Interest Expense	7.1	8.03	8.98	9.84	10.16	11.45	11.21	12.16	6.43	7.07	7.88	9.26	8.1	7.25	5.86
EBITDA-CapEx/Interest Expense	7.1	8.03	8.98	9.84	10.16	11.45	11.21	12.16	6.43	7.07	7.88	9.26	8.1	7.25	5.86
EBIT to Interest Expense	5.27	6.02	6.51	7.38	7.71	8.87	8.7	8.07	3.14	1.94	3.29	4.94	4.83	4.75	3.72
Interest Expense	188	174	163	164	170	163	175	189	507	716	696	746	1,004	1,238	1,531
Common Equity/Total Assets	38.11	40.21	37.69	35.4	28.48	26.08	26.54	20.36	42.53	43.33	40.59	36.76	32.85	35.07	32.19
Long-Term Debt/Equity (%)	98.71	94.47	104.77	112.23	161.2	175.8	179.31	259.7	62	60.91	64.88	66.11	72.92	85.71	107.55
Long-Term Debt/Capital (%)	48.34	48.56	50.53	52.19	61.67	62.89	64.17	72.16	38.08	37.58	38.97	39.36	41.49	45.08	50.53
Long-Term Debt/Total Assets (%)	37.62	37.99	39.48	39.73	45.91	45.85	47.59	52.88	27.87	27.2	27.19	24.98	24.6	30.75	34.64
Total Debt/Equity (%)	104.21	94.53	107.34	115.02	161.39	179.54	179.42	259.88	62.83	62.06	66.47	67.98	75.76	90.14	112.84
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt/Total Assets (%)	39.72	38.01	40.45	40.72	45.96	46.82	47.62	52.91	28.24	27.72	27.85	25.69	25.56	32.34	36.34
Net Debt to Equity	93.86	84.05	96.18	106.1	151.05	167.73	167.52	241.56	59.16	57.11	61.36	62.19	68.31	81.71	101.08
Net Debt/Capital (%)	48.42	45.67	49.03	51.48	60.17	62.65	62.62	70.68	36.92	35.84	37.45	37.66	39.75	44.01	48.19
EBITDA	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
EBITDA-CapEx	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
Operating Income (Loss)	990	1,048	1,061	1,210	1,311	1,445	1,522	1,526	1,594	1,388	2,288	3,686	4,847	5,879	5,698

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	0.24	0.32	0.3	0.2	0.18	0.16	0.17	0.21	0.06	0.06	0.05	0.03	0.04	0.06	0.03
Current Ratio	0.98	1.31	1.18	0.97	1	0.95	1.02	1.11	1.08	1.04	1.03	1.04	1.04	1.06	1.03
Quick Ratio	0.72	0.92	0.86	0.73	0.72	0.66	0.68	0.73	0.23	0.22	0.2	0.17	0.14	0.25	0.21
CFO/Avg Current Liab	0.83	0.66	0.85	0.93	0.9	0.86	0.79	0.79	0.32	0.26	0.24	0.21	0.17	0.24	0.26
Common Equity/Total Assets	38.11	40.21	37.69	35.4	28.48	26.08	26.54	20.36	42.53	43.33	40.59	36.76	32.85	35.07	32.19
Long-Term Debt/Equity (%)	98.71	94.47	104.77	112.23	161.2	175.8	179.31	259.7	62	60.91	64.88	66.11	72.92	85.71	107.55
Long-Term Debt/Capital (%)	48.34	48.56	50.53	52.19	61.67	62.89	64.17	72.16	38.08	37.58	38.97	39.36	41.49	45.08	50.53
Long-Term Debt/Total Assets (%)	37.62	37.99	39.48	39.73	45.91	45.85	47.59	52.88	27.87	27.2	27.19	24.98	24.6	30.75	34.64
Total Debt/Equity (%)	104.21	94.53	107.34	115.02	161.39	179.54	179.42	259.88	62.83	62.06	66.47	67.98	75.76	90.14	112.84
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt/Total Assets (%)	39.72	38.01	40.45	40.72	45.96	46.82	47.62	52.91	28.24	27.72	27.85	25.69	25.56	32.34	36.34
CFO/Total Liabilities	17.86	16.26	17.53	21.74	20.15	19.87	19.62	17.3	6.55	10.04	9.11	8.85	8.57	13.4	11.16
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	8.64	9.36	9.8	10.94	11.11	10.89	11.1	9.92	2.57	2.79	2.67	2.33	2.32	3.84	2.84

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	6.93	6.69	6.82	6.54	6.57	6.46	6	5.69	5.32	5.64	6.07	5.5	5.33	5.6	5.5
Days Sales Outstanding	52.68	54.59	53.53	55.8	55.58	56.49	60.84	64.12	68.63	64.68	60.08	66.31	68.51	65.19	66.36
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	8,295	10,509	15,078	17,359	21,200	23,046	27,582	28,396	79,452	74,887	67,725	63,492	78,717	116,311	35,907
- Cash & Cash Equivalents	337	358	400	294	275	300	325	415	893	906	835	902	1,204	1,236	798
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	1,878	999	998	860	812	618	17
+ Total Debt	3,395	3,230	3,848	3,790	4,293	4,562	4,900	5,959	21,899	20,684	21,237	21,542	23,236	24,956	29,123
Enterprise Value	11,353	13,381	18,526	20,855	25,218	27,308	32,157	33,940	102,336	95,664	89,125	84,992	101,561	140,649	64,249
Total Capital	6,653	6,647	7,433	7,085	6,953	7,103	7,631	8,252	56,756	54,013	53,187	53,230	53,905	52,642	54,932
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt / EV	0.3	0.24	0.21	0.18	0.17	0.17	0.15	0.18	0.21	0.22	0.24	0.25	0.23	0.18	0.45
EV/Sales	2.65	3.02	3.85	4.12	4.8	4.96	5.65	5.83	10.05	6.44	5.49	4.79	5.32	6.88	3.03
EV/EBITDA	8.5	9.57	12.65	12.92	14.59	14.63	16.4	14.77	31.39	18.9	16.25	12.3	12.48	15.67	7.16
EV/EBIT	11.47	12.77	17.46	17.24	19.24	18.9	20.99	19.36	63.6	51.65	38.95	22.73	20.26	23.92	11.04
EV/Cash Flow to Firm	10.64	14.22	16.22	14.78	17.33	17.84	19.64	20.02	31.89	20.17	19.47	16.27	17.01	18.28	8.8
EV/Free Cash Flow to Firm	10.64	14.22	16.22	14.78	17.33	17.84	19.64	20.02	31.89	20.17	19.47	16.27	17.01	18.28	8.8
Diluted Market Cap	8,538	10,832	15,078	18,255	22,395	23,944	28,645	29,930	79,452	76,487	69,975	65,296	81,641	120,044	36,916
Diluted Enterprise Value	11,596	13,704	18,526	21,751	26,413	28,206	33,220	35,474	102,336	97,264	91,375	86,796	104,485	144,382	65,258
EV per Share	20.26	25.08	36.09	43.39	55.96	63.36	77.45	86.47	150.52	142.97	137.11	134.91	170.98	249.38	120.32
TTM Sales	4,289	4,436	4,814	5,066	5,254	5,505	5,696	5,823	10,187	14,852	16,226	17,737	19,093	20,456	21,193
TTM EBITDA	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
TTM Operating Income	990	1,048	1,061	1,210	1,311	1,445	1,522	1,526	1,594	1,388	2,288	3,686	4,847	5,879	5,698
TTM Cash Flow to Firm	1,067	941	1,142	1,411	1,455	1,531	1,638	1,695	3,209	4,743	4,578	5,223	5,972	7,693	7,302
TTM Free Cash Flow to Firm	1,067	941	1,142	1,411	1,455	1,531	1,638	1,695	3,209	4,743	4,578	5,223	5,972	7,693	7,302

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	9.03	13.11	14.51	13.97	16.64	16.73	19.32	19.28	28.43	18.44	17.35	14.14	15.82	18.1	6.09
EV/EBIT	11.47	12.77	17.46	17.24	19.24	18.9	20.99	19.36	63.6	51.65	38.95	22.73	20.26	23.92	11.04
Enterprise Value	11,353	13,381	18,526	20,855	25,218	27,308	32,157	33,940	102,336	95,664	89,125	84,992	101,561	140,649	64,249
Low Price	12.37	14.52	19.85	27.16	34.67	43.38	52.18	63.71	69.53	77.17	94.34	87.07	98.67	131.05	58.5
EV/Sales	2.65	3.02	3.85	4.12	4.8	4.96	5.65	5.83	10.05	6.44	5.49	4.79	5.32	6.88	3.03
EV/EBITDA	8.5	9.57	12.65	12.92	14.59	14.63	16.4	14.77	31.39	18.9	16.25	12.3	12.48	15.67	7.16
Price/Earnings	17.57	17.2	23.27	23.02	29.77	24.78	22.14	23.92	88.97	78.17	50.77	25.1	26.61	37.15	10.32
Price/Earnings Average	17.67	15.27	18.58	19.72	26.61	23.42	20.19	24.57	72.45	73.03	54.2	24.82	23.67	29.89	24.01
Price/Earnings High	19.34	17.65	23.29	23.03	31.37	25.89	22.14	27.13	89.89	86.68	62.32	27.55	27.36	40.24	36.85
Price/Earnings Low	14.69	12.68	15.72	17.31	21.94	20.1	17.39	21.07	52.94	53.9	45.97	21.68	19.81	23.61	8.98
Price/Book Value	2.55	3.08	4.21	5.27	7.97	9.07	10.1	12.38	2.41	2.32	2.19	2.06	2.64	4.3	1.39
Price/Book Value Average	2.56	2.73	3.36	4.51	7.12	8.57	9.21	12.72	1.96	2.16	2.34	2.04	2.35	3.46	3.24
Price/Book Value High	2.8	3.16	4.21	5.27	8.4	9.48	10.1	14.04	2.43	2.57	2.69	2.26	2.71	4.66	4.97
Price/Book Value Low	2.13	2.27	2.84	3.96	5.87	7.36	7.93	10.91	1.43	1.6	1.98	1.78	1.96	2.73	1.21
Price/Tangible Book Value	-2.48	-3.47	-4	-4.43	-4.8	-4.94	-5.82	-5.11	-3.84	-3.87	-3.47	-3.45	-4.24	-5.98	-1.63
Price/Tangible Book Value Average	-2.49	-3.08	-3.19	-3.8	-4.3	-4.67	-5.31	-5.25	-3.13	-3.62	-3.71	-3.41	-3.77	-4.81	-3.79
Price/Tangible Book Value High	-2.73	-3.56	-4	-4.43	-5.06	-5.16	-5.82	-5.8	-3.88	-4.29	-4.27	-3.79	-4.36	-6.48	-5.81
Price/Tangible Book Value Low	-2.07	-2.55	-2.7	-3.33	-3.54	-4.01	-4.57	-4.5	-2.28	-2.67	-3.15	-2.98	-3.16	-3.8	-1.42
Price/Sales	1.93	2.37	3.13	3.43	4.03	4.19	4.84	4.88	7.8	5.04	4.17	3.58	4.28	5.69	1.69
Price/Sales Average	1.94	2.1	2.5	2.94	3.61	3.96	4.42	5.01	6.35	4.71	4.46	3.54	3.8	4.58	3.94
Price/Sales High	2.13	2.43	3.14	3.43	4.25	4.37	4.84	5.53	7.88	5.59	5.12	3.93	4.4	6.16	6.05
Price/Sales Low	1.62	1.75	2.12	2.58	2.97	3.4	3.8	4.29	4.64	3.48	3.78	3.09	3.18	3.61	1.47
Price/Cash Flow	8.78	12.72	14.51	13.28	15.75	16.1	18.6	18.3	28.43	18.06	16.79	13.75	15.82	17.54	5.92
Price/Cash Flow Average	8.82	11.29	11.59	11.38	14.08	15.22	16.96	18.79	23.15	16.87	17.92	13.6	14.07	14.12	13.78
Price/Cash Flow High	9.66	13.05	14.53	13.28	16.59	16.83	18.6	20.75	28.72	20.02	20.61	15.09	16.26	19	21.16
Price/Cash Flow Low	7.34	9.38	9.81	9.99	11.61	13.07	14.61	16.11	16.91	12.45	15.2	11.88	11.78	11.15	5.15
Price/Free Cash Flow Average	9.08	11.64	11.59	11.96	14.87	15.81	17.61	19.8	23.15	17.23	18.52	13.99	14.07	14.57	14.17
Price/Free Cash Flow High	9.94	13.45	14.53	13.97	17.53	17.48	19.32	21.87	28.72	20.45	21.29	15.52	16.26	19.61	21.75
Price/Free Cash Flow Low	7.55	9.67	9.81	10.5	12.26	13.57	15.17	16.98	16.91	12.72	15.71	12.22	11.78	11.5	5.3
EV/Sales Average	2.66	2.75	3.22	3.63	4.37	4.73	5.22	5.96	8.6	6.11	5.77	4.75	4.86	5.77	5.28
EV/Sales High	2.84	3.08	3.85	4.12	5.02	5.15	5.65	6.48	10.13	6.99	6.44	5.14	5.44	7.35	7.39
EV/Sales Low	2.33	2.39	2.83	3.27	3.74	4.17	4.61	5.25	6.89	4.88	5.1	4.3	4.27	4.8	2.81
EV/EBITDA Average	8.54	8.73	10.58	11.38	13.29	13.96	15.16	15.1	26.87	17.93	17.09	12.2	11.42	13.14	12.46
EV/EBITDA High	9.13	9.77	12.67	12.92	15.25	15.19	16.4	16.42	31.64	20.51	19.06	13.2	12.76	16.75	17.44
EV/EBITDA Low	7.48	7.6	9.32	10.25	11.37	12.3	13.38	13.29	21.52	14.3	15.08	11.05	10.01	10.95	6.64
EV/EBIT Average	11.51	11.64	14.6	15.18	17.52	18.02	19.4	19.8	54.43	49	40.95	22.54	18.52	20.06	19.23
EV/EBIT High	12.31	13.03	17.48	17.24	20.1	19.61	20.99	21.53	64.11	56.05	45.69	24.39	20.7	25.57	26.92
EV/EBIT Low	10.09	10.13	12.85	13.68	14.98	15.89	17.13	17.43	43.6	39.1	36.15	20.42	16.25	16.71	10.24
Last Price	14.8	19.69	29.37	36.12	47.05	53.47	66.43	72.35	116.86	111.92	104.19	100.78	132.52	206.23	67.24
High Price	16.29	20.21	29.4	36.13	49.57	55.87	66.43	82.04	118.07	124.1	127.91	110.64	136.27	223.41	240.17
Enterprise Value Average	11,396	12,201	15,486	18,367	22,968	26,043	29,728	34,705	87,585	90,740	93,705	84,307	92,877	117,936	111,901
Enterprise Value High	12,186	13,654	18,542	20,858	26,353	28,341	32,157	37,743	103,159	103,814	104,540	91,204	103,788	150,342	156,592
Enterprise Value Low	9,991	10,618	13,638	16,549	19,640	22,959	26,242	30,550	70,156	72,411	82,721	76,356	81,456	98,248	59,580

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	560	534	513	481	451	431	415	393	680	669	650	630	594	564	534
Diluted Weighted Avg Shares	577	550	513	505	476	448	431	414	680	683	672	648	616	582	549
Basic Weighted Avg Shares	560	534	513	481	451	431	415	393	680	669	650	630	616	564	534
Revenue per Share	7.65	8.31	9.38	10.54	11.66	12.77	13.72	14.84	14.98	22.2	24.96	28.15	30.99	36.27	39.69
EBITDA per Share	2.38	2.62	2.85	3.36	3.83	4.33	4.72	5.85	4.79	7.57	8.44	10.97	13.2	15.91	16.81
Operating Income per Share	1.77	1.96	2.07	2.52	2.91	3.35	3.67	3.89	2.34	2.07	3.52	5.85	7.87	10.42	10.67
Basic EPS, GAAP	0.84	1.15	1.26	1.57	1.58	2.16	3	3.02	1.31	1.43	2.05	4.02	4.98	5.55	6.52
Basic EPS from Cont Ops	0.87	1.11	1.27	1.57	1.58	2.16	2.97	3.02	1.34	1.46	2.16	4.1	5.08	5.64	6.54
Diluted EPS, GAAP	0.82	1.11	1.26	1.49	1.5	2.08	2.89	2.87	1.31	1.4	1.99	3.9	4.98	5.38	6.34
Diluted EPS from Cont Ops	0.84	1.08	1.27	1.49	1.5	2.08	2.86	2.87	1.34	1.43	2.09	3.99	5.08	5.46	6.36
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.69	1.55	2.02	2.72	2.99	3.32	3.57	3.95	4.11	6.2	6.21	7.33	8.38	11.76	11.35
Free Cash Flow per Basic Share	1.69	1.55	2.02	2.72	2.99	3.32	3.57	3.95	4.11	6.2	6.21	7.33	8.38	11.76	11.35
Cash & Equivalents per Share	0.6	0.67	0.78	0.61	0.61	0.7	0.78	1.06	1.31	1.35	1.28	1.43	2.03	2.19	1.49
Book Value per Share	5.81	6.4	6.98	6.86	5.9	5.9	6.58	5.84	48.51	48.32	47.62	48.93	50.26	47.99	48.3
Tangible Book Value per Share	-5.97	-5.68	-7.35	-8.15	-9.79	-10.82	-11.42	-14.15	-30.45	-28.92	-29.98	-29.2	-31.24	-34.5	-41.33