J.B. Hunt Transport Services, Inc. Financial Ratios — JB1

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 (%)	45.07	45.66	37.95	33.81	34.11	31.84	42.19	24.85	23.64	20.79	26.61	28.58	18.74	14.06	15.79
Return on Assets (%)	12.15	13.12	12.96	12.09	12.19	11.4	16.31	10.25	9.78	8.88	11.96	13.3	8.9	6.76	7.37
Return on Capital (%)	21.59	23.34	22.31	20.29	19.97	19.06	- -	16.86	16.37	14.52	19.12	21.57	14.7	11.28	12.45
Return on Invested Capital (%)	21.52	23.34	22.28	20.28	19.97	19.06	- -	16.92	16.42	14.57	19.2	21.64	14.65	11.24	12.46
Gross Margin (%)	12.46	13.02	13.05	13.35	14.96	14.53	13.1	12.25	12.8	11.58	12.33	13.3	13.26	12.97	13.31
EBITDA Margin (%)	14.54	15.02	14.86	15.02	17.06	16.51	14.01	12.96	13.45	12.87	13.17	13.34	13.49	13.17	13.17
Operating Margin (%)	9.81	10.49	10.33	10.24	11.57	11	8.68	7.91	8.01	7.4	8.59	8.99	7.74	6.88	7.21
Incremental Operating Margin (%)	13.17	16.28	8.78	9.44	378.98	1.45	- -	4.02	9.59	- -	13.13	10.81	17.05	21.82	- -
Pretax Margin (%)	9.18	9.98	9.91	9.81	11.15	10.61	8.28	7.44	7.43	6.91	8.22	8.65	7.29	6.28	6.62
Profit Margin (%)	5.68	6.14	6.13	6.08	6.9	6.59	9.55	5.68	5.63	5.25	6.25	6.54	5.68	4.72	4.99
Net Income to Common Margin (%)	5.68	6.14	6.13	6.08	6.9	6.59	9.55	5.68	5.63	5.25	6.25	6.54	5.68	4.72	4.99
Effective Tax Rate (%)	38.18	38.5	38.15	38.01	38.1	37.9	- -	23.6	24.17	24.02	23.9	24.35	22.1	24.84	24.66
Dvd Payout Ratio (%)	24.22	26.88	15.42	24.97	22.79	22.91	14.77	21.45	21.66	22.57	16.36	17.2	23.88	30.75	28.59
Sustainable Growth Rate (%)	34.15	33.39	32.1	25.37	26.34	24.54	35.96	19.52	18.52	16.1	22.26	23.66	14.27	9.74	11.27

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	749	685	708	934	998	986	1,086	1,149	1,296	1,305	1,301	1,262	1,576	1,478	1,467
ST Debt	50	100	250	250	- -	- -	- -	251	- -	- -	356	- -	250	500	700
LT Debt	699	585	458	684	998	986	1,086	898	1,296	1,305	945	1,262	1,326	978	767
Total Debt/EBITDA	1.14	0.9	0.85	1.01	0.95	0.91	1.08	1.03	1.05	1.05	0.81	0.64	0.91	0.93	0.93
Net Debt/EBITDA	1.13	0.9	0.85	1	0.94	0.91	1.06	1.02	1.02	0.8	0.59	0.61	0.88	0.9	0.92
Total Debt/EBIT	1.69	1.29	1.23	1.48	1.39	1.37	1.74	1.69	1.77	1.83	1.24	0.95	1.59	1.78	1.7
Net Debt/EBIT	1.67	1.28	1.22	1.47	1.39	1.36	1.72	1.68	1.72	1.39	0.9	0.91	1.53	1.72	1.68
EBITDA to Interest Expense	23.09	29.71	35.77	34.26	41.26	42.8	34.99	27.63	22.55	26.07	34.65	38.56	26.26	20.15	21.01
EBITDA-CapEx/Interest Expense	5.47	12.51	14.51	4.35	12.91	17.56	16.69	3	6.93	10.55	14.16	8.49	-1.99	9.2	11.29
EBIT to Interest Expense	15.58	20.74	24.85	23.37	27.98	28.51	21.67	16.85	13.42	14.99	22.61	25.98	15.06	10.52	11.5
Interest Expense	29	26	23	27	26	25	29	40	55	48	46	51	66	79	75
Common Equity/Total Assets	25.03	32.13	35.91	35.65	35.83	35.79	41.19	41.27	41.44	43.86	45.89	47.09	47.78	48.3	44.97
Long-Term Debt/Equity (%)	123.19	73.92	45.28	56.75	76.75	69.75	59.02	42.75	57.16	50.21	30.32	34.41	32.31	24.35	21.51
Long-Term Debt/Capital (%)	53.1	39.63	26.64	31.97	43.42	41.09	37.12	27.64	36.37	33.42	21.39	25.6	23.35	17.8	15.24
Long-Term Debt/Total Assets (%)	30.84	23.75	16.26	20.23	27.5	24.96	24.31	17.64	23.68	22.02	13.91	16.2	15.44	11.76	9.67
Total Debt/Equity (%)	132	86.55	69.97	77.5	76.75	69.75	59.02	54.68	57.16	50.21	41.74	34.41	38.41	36.81	41.14
Total Debt/Capital (%)	56.9	46.39	41.17	43.66	43.42	41.09	37.12	35.35	36.37	33.42	29.45	25.6	27.75	26.91	29.15
Total Debt/Total Assets (%)	33.04	27.81	25.13	27.63	27.5	24.96	24.31	22.57	23.68	22.02	19.15	16.2	18.35	17.78	18.5
Net Debt to Equity	131.04	85.84	69.39	77.01	76.32	69.3	58.23	54.32	55.61	38.16	30.33	32.99	37.11	35.64	40.66
Net Debt/Capital (%)	56.72	46.19	40.97	43.51	43.29	40.93	36.8	35.2	35.74	27.62	23.27	24.81	27.06	26.27	28.91
EBITDA	658	759	830	926	1,055	1,083	1,007	1,117	1,233	1,240	1,603	1,976	1,731	1,592	1,580
EBITDA-CapEx	156	320	337	117	330	444	480	121	379	502	655	435	-131	727	849
Operating Income (Loss)	444	530	577	632	716	721	624	681	734	713	1,046	1,332	993	831	865

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	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.03	0.29	0.21	0.03	0.04	0.03	0.01
Current Ratio	1.17	1.1	0.95	1.12	1.61	1.54	1.45	1.11	1.43	1.7	1.34	1.41	1.35	1.06	0.83
Quick Ratio	0.95	0.94	0.81	0.86	1.38	1.35	1.32	0.99	1.23	1.5	1.2	1.22	1.11	0.91	0.71
CFO/Avg Current Liab	1.34	1.16	0.95	0.87	1.34	1.39	1.06	0.96	0.92	1.06	0.87	1.08	1.16	0.95	0.93
Common Equity/Total Assets	25.03	32.13	35.91	35.65	35.83	35.79	41.19	41.27	41.44	43.86	45.89	47.09	47.78	48.3	44.97
Long-Term Debt/Equity (%)	123.19	73.92	45.28	56.75	76.75	69.75	59.02	42.75	57.16	50.21	30.32	34.41	32.31	24.35	21.51
Long-Term Debt/Capital (%)	53.1	39.63	26.64	31.97	43.42	41.09	37.12	27.64	36.37	33.42	21.39	25.6	23.35	17.8	15.24
Long-Term Debt/Total Assets (%)	30.84	23.75	16.26	20.23	27.5	24.96	24.31	17.64	23.68	22.02	13.91	16.2	15.44	11.76	9.67
Total Debt/Equity (%)	132	86.55	69.97	77.5	76.75	69.75	59.02	54.68	57.16	50.21	41.74	34.41	38.41	36.81	41.14
Total Debt/Capital (%)	56.9	46.39	41.17	43.66	43.42	41.09	37.12	35.35	36.37	33.42	29.45	25.6	27.75	26.91	29.15
Total Debt/Total Assets (%)	33.04	27.81	25.13	27.63	27.5	24.96	24.31	22.57	23.68	22.02	19.15	16.2	18.35	17.78	18.5
CFO/Total Liabilities	37.4	32.76	31.79	29.75	37.49	33.67	32.56	36.38	34.28	33.74	33.29	43.13	38.9	34.51	38.47
CFO/CapEx	1.27	1.25	1.16	0.8	1.2	1.34	1.62	1.09	1.29	1.52	1.29	1.15	0.94	1.71	2.3
Altman's Z-Score	5.65	6.37	6.79	6.26	5.73	6.08	6.36	5.42	5.84	6.07	7.16	6.49	5.95	5.52	5.83

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	11.87	11.52	10.8	10.09	9.68	9.57	8.63	8.74	8.88	9.02	9.25	9.76	8.96	9.45	10.06
Days Sales Outstanding	30.75	31.68	33.81	36.18	37.7	38.13	42.29	41.79	41.09	40.46	39.46	37.39	40.73	38.64	36.27
Inventory Turnover	207.1	199.87	196.94	197.92	206.64	268.29	318.22	354.35	371.01	379.47	436.88	391.38	268.85	250.92	248.06
Days Inventory Outstanding	1.76	1.83	1.85	1.84	1.77	1.36	1.15	1.03	0.98	0.96	0.84	0.93	1.36	1.45	1.47
Accounts Payable Turnover	17.88	16.97	16.98	16.93	15.78	15.45	12.72	11.56	12.18	14.32	15.69	16.37	14.49	15.21	15.99
Accounts Payable Turnover Days	20.42	21.5	21.49	21.56	23.12	23.62	28.7	31.58	29.97	25.48	23.27	22.3	25.19	24	22.83
Cash Conversion Cycle	12.09	12	14.17	16.47	16.34	15.87	14.74	11.23	12.1	15.94	17.03	16.02	16.9	16.09	14.91
Inventory to Cash Days	28.98	29.85	31.95	34.34	35.93	36.77	41.14	40.76	40.11	39.49	38.62	36.45	39.37	37.18	34.8
Inventories	21	23	26	28	23	19	21	22	21	24	25	41	42	42	42
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	21	23	26	28	23	19	21	22	21	24	25	41	42	42	42

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	5,323	6,860	9,082	9,867	8,342	10,837	12,680	10,121	12,374	14,382	21,431	18,191	20,658	17,141	18,472
- Cash & Cash Equivalents	5	6	6	6	6	6	15	8	35	313	356	52	53	47	17
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	749	685	708	934	998	986	1,086	1,149	1,296	1,305	1,301	1,262	1,576	1,478	1,467
Enterprise Value	6,067	7,540	9,785	10,795	9,334	11,817	13,751	11,262	13,635	15,374	22,376	19,401	22,180	18,572	19,922
Total Capital	1,317	1,477	1,721	2,138	2,298	2,400	2,925	3,250	3,563	3,906	4,419	4,929	5,680	5,492	5,032
Total Debt/Capital (%)	56.9	46.39	41.17	43.66	43.42	41.09	37.12	35.35	36.37	33.42	29.45	25.6	27.75	26.91	29.15
Total Debt / EV	0.12	0.09	0.07	0.09	0.11	0.08	0.08	0.1	0.1	0.08	0.06	0.07	0.07	0.08	0.07
EV/Sales	1.34	1.49	1.75	1.75	1.51	1.8	1.91	1.31	1.49	1.6	1.84	1.31	1.73	1.54	1.66
EV/EBITDA	9.22	9.93	11.79	11.66	8.85	10.92	13.65	10.08	11.06	12.39	13.96	9.82	12.81	11.66	12.61
EV/EBIT	13.66	14.22	16.97	17.09	13.04	16.39	22.05	16.54	18.58	21.56	21.4	14.57	22.33	22.34	23.03
EV/Cash Flow to Firm	9.29	13.37	16.62	16.27	10.5	13.59	- -	10.07	11.96	13.26	17.77	10.69	12.35	12.04	11.48
EV/Free Cash Flow to Firm	40.17	60.67	102.7	- -	56.91	51.06	- -	91.51	47.72	36.56	71.83	70.59	- -	27.43	19.84
Diluted Market Cap	5,550	7,005	9,250	10,025	8,546	11,038	12,830	10,281	12,652	14,533	21,736	18,460	20,904	17,516	19,076
Diluted Enterprise Value	6,294	7,685	9,953	10,953	9,538	12,018	13,901	11,422	13,913	15,525	22,682	19,670	22,427	18,947	20,526
EV per Share	51.88	64.15	83.46	92.6	81.92	106.17	125.29	103.6	128.37	145.51	212.92	187.01	214.88	184.69	210.6
TTM Sales	4,527	5,055	5,585	6,165	6,188	6,555	7,190	8,615	9,165	9,637	12,168	14,814	12,830	12,087	11,999
TTM EBITDA	658	759	830	926	1,055	1,083	1,007	1,117	1,233	1,240	1,603	1,976	1,731	1,592	1,580
TTM Operating Income	444	530	577	632	716	721	624	681	734	713	1,046	1,332	993	831	865
TTM Cash Flow to Firm	653	564	589	664	889	870	- -	1,119	1,140	1,159	1,259	1,816	1,796	1,543	1,735
TTM Free Cash Flow to Firm	151	124	95	-145	164	231	- -	123	286	420	312	275	-66	677	1,004

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	41.6	64.54	114.31	-61.97	57.67	51.17	39.09	111.51	51.8	37.82	78.66	78.19	-177.43	28.35	20.13
EV/EBIT	13.66	14.22	16.97	17.09	13.04	16.39	22.05	16.54	18.58	21.56	21.4	14.57	22.33	22.34	23.03
Enterprise Value	6,067	7,540	9,785	10,795	9,334	11,817	13,751	11,262	13,635	15,374	22,376	19,401	22,180	18,572	19,922
Low Price	35.49	44.01	60.68	69.47	70.95	63.77	83.41	90.99	84.55	75.46	133.24	154.14	163.99	153.1	123.73
EV/Sales	1.34	1.49	1.75	1.75	1.51	1.8	1.91	1.31	1.49	1.6	1.84	1.31	1.73	1.54	1.66
EV/EBITDA	9.22	9.93	11.79	11.66	8.85	10.92	13.65	10.08	11.06	12.39	13.96	9.82	12.81	11.66	12.61
Price/Earnings	20.71	22.1	26.53	26.33	19.53	25.08	18.48	20.67	23.97	28.42	28.17	18.77	28.36	30.03	30.88
Price/Earnings Average	19.57	20.66	24.69	23.62	21.62	21.11	15.53	26.09	21.33	24.83	23.45	19.13	25.92	31.5	24.35
Price/Earnings High	22.32	22.81	26.6	26.4	24.68	25.77	18.48	29.24	24.78	29.95	28.32	23.27	29.73	38.58	32.09
Price/Earnings Low	16.15	16.67	20.78	21.61	18.92	16.43	13.34	20.2	17.39	15.76	18.41	16.5	23.24	26.97	19.56
Price/Book Value	9.38	8.66	8.97	8.19	6.42	7.66	6.89	4.82	5.46	5.53	6.87	4.96	5.03	4.27	5.18
Price/Book Value Average	8.86	8.1	8.35	7.35	7.1	6.45	5.8	6.08	4.86	4.83	5.72	5.06	4.6	4.48	4.09
Price/Book Value High	10.11	8.94	9	8.21	8.11	7.87	6.89	6.81	5.64	5.83	6.91	6.15	5.28	5.49	5.38
Price/Book Value Low	7.31	6.53	7.03	6.72	6.22	5.02	4.98	4.71	3.96	3.07	4.49	4.36	4.12	3.83	3.28
Price/Tangible Book Value	9.38	8.66	8.97	8.19	6.42	7.68	7.35	5.07	5.99	6.02	7.32	5.3	5.39	4.53	5.51
Price/Tangible Book Value Average	8.86	8.1	8.35	7.35	7.1	6.46	6.18	6.4	5.34	5.26	6.1	5.41	4.92	4.75	4.34
Price/Tangible Book Value High	10.11	8.94	9	8.21	8.11	7.89	7.35	7.17	6.2	6.35	7.36	6.58	5.64	5.82	5.72
Price/Tangible Book Value Low	7.31	6.53	7.03	6.72	6.22	5.03	5.3	4.96	4.35	3.34	4.78	4.66	4.41	4.07	3.49
Price/Sales	1.18	1.36	1.63	1.6	1.35	1.65	1.76	1.17	1.35	1.49	1.76	1.23	1.61	1.42	1.54
Price/Sales Average	1.11	1.27	1.51	1.44	1.49	1.39	1.48	1.48	1.2	1.3	1.47	1.25	1.47	1.49	1.21
Price/Sales High	1.27	1.4	1.63	1.6	1.7	1.7	1.76	1.66	1.4	1.57	1.77	1.52	1.69	1.82	1.6
Price/Sales Low	0.92	1.02	1.27	1.31	1.31	1.08	1.27	1.15	0.98	0.83	1.15	1.08	1.32	1.27	0.98
Price/Cash Flow	8.37	12.52	15.81	15.26	9.55	12.69	14.83	9.3	11.27	12.81	17.51	10.24	11.84	11.56	11.01
Price/Cash Flow Average	7.91	11.7	14.72	13.69	10.58	10.68	12.47	11.74	10.03	11.19	14.57	10.44	10.82	12.12	8.68
Price/Cash Flow High	9.03	12.92	15.86	15.3	12.07	13.03	14.83	13.16	11.65	13.5	17.61	12.7	12.41	14.85	11.44
Price/Cash Flow Low	6.53	9.44	12.39	12.52	9.26	8.31	10.71	9.09	8.18	7.1	11.44	9	9.7	10.38	6.97
Price/Free Cash Flow Average	39.3	60.32	106.4	-55.59	63.87	43.06	32.86	140.74	46.11	33.04	65.47	79.73	-162.16	29.74	15.88
Price/Free Cash Flow High	44.84	66.59	114.63	-62.13	72.9	52.56	39.09	157.72	53.56	39.86	79.1	96.97	-185.96	36.44	20.92
Price/Free Cash Flow Low	32.43	48.66	89.54	-50.86	55.89	33.51	28.22	108.99	37.6	20.96	51.4	68.73	-145.39	25.47	12.76
EV/Sales Average	1.28	1.4	1.64	1.59	1.65	1.54	1.63	1.62	1.34	1.41	1.54	1.33	1.59	1.61	1.33
EV/Sales High	1.43	1.53	1.76	1.75	1.86	1.85	1.91	1.79	1.53	1.68	1.85	1.6	1.81	1.94	1.72
EV/Sales Low	1.08	1.16	1.4	1.46	1.47	1.23	1.42	1.28	1.12	0.93	1.23	1.16	1.44	1.39	1.1
EV/EBITDA Average	8.77	9.34	11.03	10.56	9.7	9.33	11.65	12.46	9.96	10.93	11.72	10	11.79	12.19	10.14
EV/EBITDA High	9.85	10.22	11.82	11.68	10.93	11.19	13.65	13.84	11.4	13.02	14.04	12.03	13.39	14.73	13.07
EV/EBITDA Low	7.43	7.71	9.42	9.75	8.6	7.46	10.15	9.88	8.31	7.23	9.33	8.7	10.66	10.57	8.33
EV/EBIT Average	12.99	13.38	15.88	15.48	14.3	14.01	18.81	20.43	16.73	19.01	17.97	14.84	20.54	23.35	18.52
EV/EBIT High	14.59	14.63	17.01	17.13	16.12	16.8	22.05	22.7	19.15	22.65	21.52	17.85	23.33	28.22	23.87
EV/EBIT Low	11.02	11.04	13.55	14.29	12.68	11.2	16.39	16.2	13.96	12.57	14.3	12.92	18.58	20.24	15.21
Last Price	45.52	58.37	77.47	84.64	73.21	97.37	115.54	93.1	116.5	136.12	203.92	175.35	200.13	170.47	195.28
High Price	49.07	60.23	77.69	84.86	92.54	100.02	115.54	131.67	120.44	143.46	205.05	217.46	209.75	219.06	202.95
Enterprise Value Average	5,773	7,092	9,157	9,779	10,231	10,100	11,731	13,915	12,276	13,558	18,784	19,758	20,402	19,412	16,018
Enterprise Value High	6,481	7,758	9,811	10,820	11,537	12,113	13,751	15,456	14,053	16,149	22,495	23,770	23,173	23,458	20,647
Enterprise Value Low	4,893	5,852	7,817	9,026	9,077	8,078	10,226	11,033	10,241	8,965	14,949	17,200	18,449	16,826	13,154

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	117	118	117	117	114	111	110	109	106	106	105	104	103	101	95
Diluted Weighted Avg Shares	122	120	119	118	117	113	111	110	109	107	107	105	104	103	98
Basic Weighted Avg Shares	117	118	117	117	114	111	110	109	106	106	105	104	103	101	95
Revenue per Share	38.71	43.01	47.63	52.89	54.3	58.9	65.51	79.25	86.29	91.21	115.79	142.79	124.29	120.2	126.85
EBITDA per Share	5.63	6.46	7.08	7.94	9.26	9.73	9.18	10.27	11.61	11.74	15.25	19.05	16.77	15.84	16.7
Operating Income per Share	3.8	4.51	4.92	5.42	6.28	6.48	5.68	6.26	6.91	6.75	9.95	12.84	9.62	8.27	9.15
Basic EPS, GAAP	2.2	2.64	2.92	3.22	3.75	3.88	6.25	4.5	4.86	4.79	7.24	9.34	7.06	5.68	6.32
Basic EPS from Cont Ops	2.2	2.64	2.92	3.22	3.75	3.88	6.25	4.5	4.86	4.79	7.24	9.34	7.06	5.68	6.32
Diluted EPS, GAAP	2.11	2.59	2.87	3.16	3.66	3.81	6.18	4.43	4.75	4.74	7.14	9.21	6.97	5.56	6.12
Diluted EPS from Cont Ops	2.11	2.59	2.87	3.16	3.66	3.81	6.18	4.43	4.75	4.74	7.14	9.21	6.97	5.56	6.12
Dividend per Share	0.53	0.71	0.45	0.8	0.85	0.89	0.92	0.97	1.05	1.08	1.18	1.61	1.68	1.75	1.81
Cash Flow per Share	5.44	4.66	4.9	5.55	7.66	7.67	7.79	10.01	10.34	10.63	11.65	17.13	16.9	14.75	17.74
Free Cash Flow per Basic Share	1.14	0.92	0.69	-1.39	1.3	1.94	2.99	0.85	2.3	3.64	2.63	2.28	-1.14	6.14	10.02
Cash & Equivalents per Share	0.05	0.05	0.05	0.05	0.05	0.06	0.13	0.07	0.33	2.97	3.38	0.5	0.52	0.47	0.18
Book Value per Share	4.85	6.74	8.64	10.33	11.41	12.7	16.76	19.33	21.34	24.61	29.67	35.34	39.76	39.92	37.69
Tangible Book Value per Share	4.85	6.74	8.64	10.33	11.41	12.68	15.72	18.36	19.43	22.6	27.85	33.07	37.16	37.63	35.46