Norfolk Southern Corporation Financial Ratios — NFS 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 (%)	18.53	17.69	18.08	16.83	12.6	13.52	37.54	16.77	17.79	13.41	21.12	24.78	14.32	19.36	19.25
Return on Assets (%)	6.75	5.94	6.08	6.09	4.62	4.83	15.31	7.41	7.34	5.31	7.86	8.45	4.54	6.15	6.46
Return on Capital (%)	12.61	11.53	11.52	11.18	8.73	9.05	- -	11.74	11.73	8.99	12.57	13.58	8.17	10.49	10.81
Return on Invested Capital (%)	11.87	10.92	10.6	10.72	8.34	8.57	- -	11.45	11.33	8.48	12.23	13.4	7.58	10.22	10.46
Gross Margin (%)	33.38	32.38	32.57	34.8	32.26	34.83	37.11	37.11	38.97	38.47	42.58	41.11	36.48	37.47	36.35
EBITDA Margin (%)	36.54	36.65	37.16	38.98	37.51	40.85	43.42	44.19	45.4	42.46	50.51	47.31	34.13	44.74	47.2
Operating Margin (%)	30.55	29.33	29.62	31.8	28.52	32.4	35.36	36.62	37.58	37.36	42.31	40.84	35.59	40.23	37.53
Incremental Operating Margin (%)	36.96	132.58	45.37	96.31	62.71	- -	79.49	51.27	- -	39.02	78.12	30.63	149.24	- -	- -
Pretax Margin (%)	26.12	24.98	26.37	26.96	23.23	26.11	29.65	30.28	30.9	25.85	34.81	32.4	19.09	27.46	30.09
Profit Margin (%)	17.15	15.84	16.99	17.21	14.8	16.87	51.22	23.27	24.1	20.56	26.97	25.66	15.03	21.63	23.59
Net Income to Common Margin (%)	17.07	15.76	16.92	17.15	14.75	16.82	51.18	23.22	24.05	20.53	26.95	25.64	15.03	21.63	23.59
Effective Tax Rate (%)	34.34	36.58	35.58	36.18	36.28	35.4	- -	23.15	22.03	20.43	22.51	20.82	21.25	21.24	21.61
Dvd Payout Ratio (%)	29.73	35.34	33.11	34.15	45.61	41.49	12.94	31.5	34.74	47.61	34.17	35.65	67.05	46.57	42.29
Sustainable Growth Rate (%)	13.02	11.44	12.1	11.08	6.85	7.91	32.68	11.49	11.61	7.03	13.91	15.95	4.72	10.34	11.11

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	7,540	8,682	9,448	8,985	10,093	10,212	9,836	11,145	12,734	13,114	14,253	15,592	17,571	17,478	17,305
ST Debt	150	250	545	102	700	650	700	585	413	668	635	797	109	636	677
LT Debt	7,390	8,432	8,903	8,883	9,393	9,562	9,136	10,560	12,321	12,446	13,618	14,795	17,462	16,842	16,628
Total Debt/EBITDA	1.85	2.15	2.26	1.98	2.56	2.53	2.15	2.2	2.48	3.16	2.53	2.59	4.23	3.22	3.01
Net Debt/EBITDA	1.78	1.98	1.92	1.77	2.28	2.29	2	2.13	2.27	2.78	2.31	2.44	3.76	2.87	2.71
Total Debt/EBIT	2.35	2.78	2.9	2.51	3.5	3.39	2.79	2.82	3.19	4.37	3.21	3.24	6.16	4.29	3.97
Net Debt/EBIT	2.26	2.57	2.46	2.24	3.12	3.08	2.6	2.72	2.91	3.85	2.92	3.06	5.48	3.82	3.57
EBITDA to Interest Expense	8.91	8.03	7.78	8.13	7.18	7.17	8.33	9.09	8.49	6.65	8.71	8.71	5.75	6.72	7.26
EBITDA-CapEx/Interest Expense	4.2	3.58	4.11	4.33	2.84	3.82	5.2	5.59	5.15	4.26	6.44	5.9	2.52	3.77	4.48
EBIT to Interest Expense	7.45	6.42	6.2	6.64	5.46	5.69	6.78	7.53	7.03	5.85	7.3	7.52	5.99	6.04	5.77
Interest Expense	458	504	537	557	549	563	550	557	604	625	646	692	722	807	792
Common Equity/Total Assets	34.73	32.17	34.75	37.37	35.7	35.56	45.81	42.39	40.04	38.96	35.44	32.75	30.69	32.75	34.37
Long-Term Debt/Equity (%)	74.56	86.39	78.86	71.59	77.07	77.06	55.85	68.74	81.14	84.15	99.83	116.19	136.62	117.73	106.95
Long-Term Debt/Capital (%)	42.35	45.72	42.93	41.52	42.16	42.27	34.88	39.84	44.13	44.6	48.82	52.23	57.53	52.99	50.61
Long-Term Debt/Total Assets (%)	25.9	27.79	27.41	26.76	27.51	27.4	25.58	29.14	32.49	32.79	35.38	38.05	41.92	38.56	36.76
Total Debt/Equity (%)	76.08	88.95	83.69	72.41	82.81	82.3	60.13	72.55	83.86	88.66	104.49	122.45	137.48	122.17	111.31
Total Debt/Capital (%)	43.21	47.08	45.56	42	45.3	45.14	37.55	42.05	45.61	47	51.1	55.05	57.89	54.99	52.68
Total Debt/Total Assets (%)	26.42	28.61	29.09	27.06	29.56	29.27	27.54	30.75	33.58	34.55	37.03	40.1	42.19	40.01	38.25
Net Debt to Equity	73.29	82.26	70.91	64.57	73.78	74.59	55.91	70.22	76.5	78.2	95.31	115.65	122.14	108.8	100.06
Net Debt/Capital (%)	42.29	45.13	41.49	39.24	42.46	42.72	35.86	41.25	42.49	43.17	48.05	52.84	54.23	51.64	49.67
EBITDA	4,082	4,046	4,179	4,531	3,943	4,039	4,581	5,063	5,128	4,156	5,628	6,030	4,149	5,424	5,749
EBITDA-CapEx	1,922	1,805	2,208	2,413	1,558	2,152	2,858	3,112	3,109	2,662	4,158	4,082	1,822	3,043	3,545
Operating Income (Loss)	3,413	3,238	3,331	3,696	2,998	3,204	3,731	4,196	4,245	3,657	4,714	5,205	4,326	4,877	4,571

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	0.18	0.32	0.68	0.55	0.49	0.41	0.27	0.14	0.25	0.52	0.33	0.17	0.6	0.46	0.41
Current Ratio	1.03	1.08	1.33	1.56	1.13	0.98	0.84	0.72	0.9	1.07	0.86	0.76	1.24	0.9	0.85
Quick Ratio	0.78	0.85	1.12	1.14	0.92	0.81	0.65	0.53	0.65	0.91	0.72	0.61	1.03	0.76	0.67
CFO/Avg Current Liab	1.71	1.62	1.4	1.43	1.45	1.33	1.33	1.45	1.59	1.63	1.82	1.63	1.2	1.31	1.19
Common Equity/Total Assets	34.73	32.17	34.75	37.37	35.7	35.56	45.81	42.39	40.04	38.96	35.44	32.75	30.69	32.75	34.37
Long-Term Debt/Equity (%)	74.56	86.39	78.86	71.59	77.07	77.06	55.85	68.74	81.14	84.15	99.83	116.19	136.62	117.73	106.95
Long-Term Debt/Capital (%)	42.35	45.72	42.93	41.52	42.16	42.27	34.88	39.84	44.13	44.6	48.82	52.23	57.53	52.99	50.61
Long-Term Debt/Total Assets (%)	25.9	27.79	27.41	26.76	27.51	27.4	25.58	29.14	32.49	32.79	35.38	38.05	41.92	38.56	36.76
Total Debt/Equity (%)	76.08	88.95	83.69	72.41	82.81	82.3	60.13	72.55	83.86	88.66	104.49	122.45	137.48	122.17	111.31
Total Debt/Capital (%)	43.21	47.08	45.56	42	45.3	45.14	37.55	42.05	45.61	47	51.1	55.05	57.89	54.99	52.68
Total Debt/Total Assets (%)	26.42	28.61	29.09	27.06	29.56	29.27	27.54	30.75	33.58	34.55	37.03	40.1	42.19	40.01	38.25
CFO/Total Liabilities	17.32	14.89	14.52	14.02	13.25	13.49	16.81	17.85	17.12	15.7	17.12	16.14	11.01	13.79	14.69
CFO/CapEx	1.49	1.37	1.56	1.38	1.22	1.61	1.89	1.91	1.93	2.43	2.89	2.17	1.37	1.7	1.98
Altman's Z-Score	1.98	1.67	1.91	2.17	1.71	1.84	2.45	2.33	2.46	2.56	2.82	2.43	2.12	2.09	2.31

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	12.22	10.36	10.54	11.18	10.51	10.46	12.8	15.88	15.89	14.93	16.27	15.58	13.68	14.53	16.22
Days Sales Outstanding	29.88	35.23	34.62	32.64	34.74	34.9	28.51	22.98	22.97	24.44	22.44	23.43	26.68	25.13	22.51
Inventory Turnover	39.38	35.13	34.54	33.02	28.09	24.41	27.71	33.59	30.57	25.91	29.15	31.87	29.87	28.02	28.3
Days Inventory Outstanding	9.27	10.39	10.57	11.05	13	14.95	13.17	10.86	11.94	14.09	12.52	11.45	12.22	13.03	12.9
Accounts Payable Turnover	8.91	11.71	10.38	10.6	10.6	10.27	8.97	8.72	9.01	9.51	9.12	9.66	9.05	7.66	7.49
Accounts Payable Turnover Days	40.97	31.17	35.16	34.45	34.43	35.53	40.7	41.88	40.5	38.39	40.01	37.8	40.34	47.64	48.72
Cash Conversion Cycle	-1.83	14.45	10.03	9.25	13.3	14.32	0.98	-8.03	-5.58	0.15	-5.05	-2.92	-1.44	-9.49	-13.31
Inventory to Cash Days	20.61	24.84	24.05	21.59	21.75	19.95	15.33	12.12	11.04	10.35	9.92	11.97	14.46	12.1	9.61
Inventories	209	216	223	236	271	257	222	207	244	221	218	253	264	277	271
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	209	216	223	236	271	257	222	207	244	221	218	253	264	277	271

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	24,108	19,157	28,572	34,317	25,387	31,540	41,363	40,044	50,269	58,620	71,012	56,512	53,063	52,304	64,866
- Cash & Cash Equivalents	276	653	1,443	973	1,101	956	690	358	580	1,115	839	456	1,568	1,641	1,530
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	7,540	8,682	9,448	8,985	10,093	10,212	9,836	11,145	12,734	13,114	14,253	15,592	17,571	17,478	17,305
Enterprise Value	31,347	27,171	36,459	42,329	34,379	40,796	50,509	50,831	62,423	70,619	84,426	71,648	69,066	68,141	80,641
Total Capital	17,451	18,442	20,737	21,393	22,281	22,621	26,195	26,507	27,918	27,905	27,894	28,325	30,352	31,784	32,852
Total Debt/Capital (%)	43.21	47.08	45.56	42	45.3	45.14	37.55	42.05	45.61	47	51.1	55.05	57.89	54.99	52.68
Total Debt / EV	0.24	0.32	0.26	0.21	0.29	0.25	0.19	0.22	0.2	0.19	0.17	0.22	0.25	0.26	0.21
EV/Sales	2.81	2.46	3.24	3.64	3.27	4.13	4.79	4.44	5.53	7.21	7.58	5.62	5.68	5.62	6.62
EV/EBITDA	7.68	6.72	8.72	9.34	8.72	10.1	11.03	10.04	12.17	16.99	15	11.88	16.65	12.56	14.03
EV/EBIT	9.76	8.7	11.19	11.84	11.92	13.56	14.34	12.84	15.65	23.52	18.98	14.9	24.23	16.74	18.51
EV/Cash Flow to Firm	8.89	8.03	10.65	12.94	10.55	12.01	- -	12.24	14.31	17.08	17.75	15.02	18.43	14.54	16.19
EV/Free Cash Flow to Firm	22.92	23.76	25.09	36.73	39.39	27	- -	23.07	26.63	26.75	25.7	25.39	48.62	29.54	29.03
Diluted Market Cap	25,634	19,838	29,185	34,791	25,950	32,147	42,257	41,852	51,769	59,667	73,359	58,377	53,467	52,322	65,120
Diluted Enterprise Value	32,873	27,852	37,072	42,803	34,942	41,403	51,403	52,639	63,923	71,666	86,773	73,513	69,470	68,159	80,895
EV per Share	94.88	86.52	118.04	137.33	115.44	140.47	177.75	189.6	242.04	280.13	351.54	314.14	306.04	301.08	359.33
TTM Sales	11,172	11,040	11,245	11,624	10,511	9,888	10,551	11,458	11,296	9,789	11,142	12,745	12,156	12,123	12,180
TTM EBITDA	4,082	4,046	4,179	4,531	3,943	4,039	4,581	5,063	5,128	4,156	5,628	6,030	4,149	5,424	5,749
TTM Operating Income	3,413	3,238	3,331	3,696	2,998	3,204	3,731	4,196	4,245	3,657	4,714	5,205	4,326	4,877	4,571
TTM Cash Flow to Firm	3,528	3,385	3,424	3,270	3,258	3,398	- -	4,154	4,363	4,134	4,756	4,770	3,748	4,688	4,982
TTM Free Cash Flow to Firm	1,368	1,144	1,453	1,152	873	1,511	- -	2,203	2,344	2,640	3,286	2,822	1,421	2,307	2,778

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	24.02	24.08	26.36	43.65	49.62	28.03	27.62	23.58	27.64	27.84	26.34	25.67	62.76	31.31	30.19
EV/EBIT	9.76	8.7	11.19	11.84	11.92	13.56	14.34	12.84	15.65	23.52	18.98	14.9	24.23	16.74	18.51
Enterprise Value	31,347	27,171	36,459	42,329	34,379	40,796	50,509	50,831	62,423	70,619	84,426	71,648	69,066	68,141	80,641
Low Price	59.99	56.87	63.19	87.27	71.87	67.04	106.51	128.79	144.54	116.94	230.39	205.3	183.18	208.98	199.34
EV/Sales	2.81	2.46	3.24	3.64	3.27	4.13	4.79	4.44	5.53	7.21	7.58	5.62	5.68	5.62	6.62
EV/EBITDA	7.68	6.72	8.72	9.34	8.72	10.1	11.03	10.04	12.17	16.99	15	11.88	16.65	12.56	14.03
Price/Earnings	13.22	11.25	15.16	17.27	16.6	19.19	7.76	15.05	18.5	29.16	23.65	17.29	29.04	19.95	22.58
Price/Earnings Average	12.45	12.61	12.61	15.76	17.98	15.49	6.49	15.77	17.58	24.37	21.29	17.39	26.78	20.78	20.22
Price/Earnings High	13.94	14.42	15.19	18.24	21.81	19.6	7.76	18.83	19.8	30.63	23.7	20.86	31.93	23.88	23.25
Price/Earnings Low	10.87	10.49	10.36	13.54	14	11.85	5.68	12.98	13.72	14.67	18.43	14.33	22.63	18.04	15.57
Price/Book Value	2.43	1.96	2.53	2.77	2.08	2.54	2.53	2.61	3.31	3.96	5.21	4.44	4.15	3.66	4.17
Price/Book Value Average	2.29	2.2	2.1	2.52	2.26	2.05	2.12	2.73	3.14	3.31	4.69	4.46	3.83	3.81	3.74
Price/Book Value High	2.56	2.52	2.54	2.92	2.74	2.6	2.53	3.26	3.54	4.16	5.22	5.35	4.56	4.38	4.3
Price/Book Value Low	2	1.83	1.73	2.17	1.76	1.57	1.85	2.25	2.46	1.99	4.06	3.68	3.23	3.31	2.88
Price/Tangible Book Value	2.37	1.91	2.46	2.69	2.01	2.48	2.47	2.54	3.23	3.86	5.21	4.44	4.15	3.66	4.17
Price/Tangible Book Value Average	2.23	2.14	2.05	2.45	2.18	2	2.07	2.66	3.07	3.23	4.69	4.46	3.83	3.81	3.74
Price/Tangible Book Value High	2.5	2.45	2.47	2.84	2.65	2.53	2.47	3.18	3.45	4.05	5.22	5.35	4.56	4.38	4.3
Price/Tangible Book Value Low	1.95	1.78	1.68	2.11	1.7	1.53	1.81	2.19	2.39	1.94	4.06	3.68	3.23	3.31	2.88
Price/Sales	2.26	1.77	2.57	2.96	2.45	3.23	3.97	3.49	4.45	5.99	6.37	4.43	4.37	4.31	5.33
Price/Sales Average	2.13	1.99	2.13	2.7	2.65	2.6	3.32	3.66	4.23	5	5.74	4.46	4.02	4.49	4.77
Price/Sales High	2.38	2.27	2.57	3.13	3.22	3.3	3.97	4.37	4.76	6.29	6.39	5.35	4.8	5.16	5.48
Price/Sales Low	1.86	1.65	1.75	2.32	2.06	1.99	2.91	3.01	3.3	3.01	4.97	3.67	3.4	3.9	3.67
Price/Cash Flow	7.81	6.39	9.37	11.82	8.85	10.52	12.88	10.75	12.92	16.12	16.69	13.39	16.69	12.91	14.87
Price/Cash Flow Average	7.36	7.16	7.8	10.78	9.59	8.49	10.78	11.26	12.27	13.47	15.02	13.46	15.39	13.45	13.32
Price/Cash Flow High	8.24	8.19	9.39	12.47	11.63	10.74	12.89	13.44	13.82	16.93	16.73	16.14	18.35	15.45	15.31
Price/Cash Flow Low	6.42	5.95	6.4	9.26	7.46	6.49	9.43	9.27	9.58	8.11	13	11.09	13	11.67	10.26
Price/Free Cash Flow Average	22.63	26.98	21.92	39.82	53.74	22.61	23.11	24.69	26.26	23.27	23.71	25.81	57.86	32.62	27.04
Price/Free Cash Flow High	25.33	30.87	26.41	46.08	65.18	28.61	27.63	29.49	29.58	29.25	26.4	30.96	69	37.48	31.08
Price/Free Cash Flow Low	19.75	22.44	18.01	34.22	41.83	17.3	20.21	20.33	20.5	14	20.52	21.27	48.89	28.31	20.82
EV/Sales Average	2.68	2.67	2.81	3.38	3.47	3.51	4.15	4.6	5.3	6.23	6.94	5.65	5.34	5.8	6.06
EV/Sales High	2.92	2.95	3.25	3.81	4.03	4.19	4.79	5.31	5.84	7.52	7.59	6.54	6.12	6.47	6.78
EV/Sales Low	2.42	2.34	2.44	3	2.89	2.91	3.74	3.95	4.38	4.24	6.17	4.86	4.72	5.21	4.97
EV/EBITDA Average	7.34	7.29	7.57	8.68	9.25	8.59	9.55	10.41	11.68	14.68	13.74	11.93	15.65	12.96	12.85
EV/EBITDA High	8	8.05	8.74	9.76	10.74	10.26	11.03	12.02	12.86	17.7	15.03	13.81	17.92	14.46	14.36
EV/EBITDA Low	6.63	6.39	6.56	7.7	7.71	7.11	8.6	8.95	9.64	9.98	12.21	10.28	13.82	11.64	10.53
EV/EBIT Average	9.32	9.44	9.72	11	12.65	11.53	12.43	13.32	15.02	20.32	17.39	14.96	22.77	17.27	16.96
EV/EBIT High	10.17	10.43	11.21	12.37	14.68	13.78	14.34	15.37	16.53	24.51	19.02	17.32	26.08	19.27	18.95
EV/EBIT Low	8.42	8.28	8.41	9.77	10.54	9.55	11.19	11.45	12.39	13.82	15.46	12.88	20.11	15.51	13.89
Last Price	72.97	61	92.5	111.33	85.25	108.6	145.56	149.36	194.91	232.53	295.68	247.78	235.13	231.11	289.04
High Price	76.95	78.21	92.66	117.53	112	110.88	145.61	186.81	208.59	244.25	296.36	298.83	258.52	276.61	297.6
Enterprise Value Average	29,945	29,485	31,648	39,315	36,487	34,703	43,761	52,727	59,906	60,991	77,342	71,960	64,926	70,320	73,864
Enterprise Value High	32,661	32,574	36,506	44,238	42,344	41,458	50,522	60,870	65,951	73,573	84,589	83,292	74,346	78,439	82,562
Enterprise Value Low	27,059	25,872	27,405	34,911	30,394	28,727	39,413	45,315	49,432	41,479	68,746	61,960	57,344	63,134	60,512

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	330	314	309	308	298	290	284	268	258	252	240	228	226	226	224
Diluted Weighted Avg Shares	351	325	316	313	304	296	290	280	266	257	248	236	227	226	225
Basic Weighted Avg Shares	346	321	312	309	302	294	288	268	258	252	240	228	226	226	224
Revenue per Share	32.34	34.4	36.05	37.57	34.82	33.64	36.65	42.74	43.8	38.83	46.39	55.88	53.86	53.57	54.27
EBITDA per Share	11.81	12.61	13.4	14.64	13.06	13.74	15.91	18.88	19.88	16.49	23.43	26.44	18.38	23.97	25.62
Operating Income per Share	9.88	10.09	10.68	11.95	9.93	10.9	12.96	15.65	16.46	14.51	19.63	22.82	19.17	21.55	20.37
Basic EPS, GAAP	5.52	5.42	6.1	6.44	5.13	5.66	18.76	9.92	10.53	7.97	12.5	14.33	8.1	11.59	12.8
Basic EPS from Cont Ops	5.55	5.45	6.12	6.46	5.15	5.68	18.77	9.94	10.55	7.99	12.51	14.34	8.1	11.59	12.8
Diluted EPS, GAAP	5.43	5.35	6.03	6.38	5.09	5.62	18.6	9.49	10.23	7.83	12.1	13.87	8.03	11.58	12.75
Diluted EPS from Cont Ops	5.45	5.38	6.05	6.4	5.11	5.64	18.62	9.51	10.25	7.84	12.11	13.88	8.03	11.58	12.75
Dividend per Share	1.67	1.94	2.04	2.22	2.36	2.36	2.44	3.15	3.68	3.81	4.28	5.12	5.43	5.39	5.41
Cash Flow per Share	9.34	9.55	9.87	9.42	9.63	10.32	11.3	13.9	15.09	14.43	17.72	18.51	14.09	17.9	19.43
Free Cash Flow per Basic Share	3.09	2.57	3.55	2.58	1.73	3.9	5.31	6.62	7.26	8.5	11.6	9.97	3.78	7.38	9.61
Cash & Equivalents per Share	0.91	2.13	5.05	3.16	3.7	3.29	2.43	1.34	2.25	4.42	3.49	2	6.95	7.25	6.82
Book Value per Share	30	31.08	36.55	40.25	40.93	42.73	57.57	57.3	58.87	58.67	56.8	55.83	56.63	63.21	69.28
Tangible Book Value per Share	30.76	31.98	37.57	41.39	42.34	43.86	58.86	58.72	60.38	60.26	56.8	55.83	56.63	63.21	69.28