Vulcan Materials Company (Holding Company) Financial Ratios — VMC

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 (%)	-1.83	-1.39	0.63	5.05	5.13	9.29	12.6	10.14	11.41	10.04	10.67	8.54	12.95	11.69	12.94
Return on Assets (%)	-0.85	-0.64	0.3	2.51	2.71	5	6.69	5.33	6.03	5.23	5.29	4.12	6.48	5.76	6.37
Return on Capital (%)	- -	- -	- -	5.92	6	8.05	- -	7.91	8.57	7.48	7.56	6.23	9.25	8.2	9.21
Return on Invested Capital (%)	- -	- -	- -	5.92	6.21	7.92	- -	7.8	8.53	7.65	7.5	6.37	9.29	8.3	9.21
Gross Margin (%)	11.07	13.01	15.41	19.62	25.06	27.53	25.54	25.12	25.48	26.39	24.74	21.29	25.04	26.96	27.38
EBITDA Margin (%)	16.26	15.92	17.57	26.92	23.76	26.47	24.29	24.96	25.4	26.36	26.31	20.84	26.09	26.72	29.56
Operating Margin (%)	-0.69	1.01	5.51	9.92	15.78	18.11	15.97	16.72	17.32	18.36	16.13	13.79	17.72	18.86	19.74
Incremental Operating Margin (%)	283.07	1,580.58	62.33	64.6	56.74	64.89	- -	22.65	22.14	- -	0.52	6.43	79.43	- -	32.17
Pretax Margin (%)	-5.99	-4.69	-0.13	9.98	9.58	15.23	9.29	14.22	15.37	15.31	15.74	10.77	16	15.8	17.51
Profit Margin (%)	-2.76	-2.05	0.88	6.84	6.46	11.68	15.45	11.77	12.53	12.03	12.08	7.87	11.99	12.29	13.56
Net Income to Common Margin (%)	-2.76	-2.05	0.88	6.84	6.46	11.68	15.45	11.77	12.53	12.03	12.08	7.87	11.99	12.29	13.56
Effective Tax Rate (%)	- -	- -	- -	30.68	28.96	22.81	- -	16.92	17.84	20.95	22.9	24.49	24.05	21.45	22.12
Dvd Payout Ratio (%)	-130.45	-9.61	25.01	13.94	22.85	25.17	22.3	28.6	26.35	30.65	29.17	35.67	24.11	26.51	23.97
Sustainable Growth Rate (%)	-4.21	-1.53	0.47	4.35	3.95	6.95	9.79	7.24	8.41	6.96	7.56	5.5	9.83	8.59	9.84

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	2,815	2,677	2,522	1,985	1,980	1,983	2,855	2,912	3,172	3,687	4,523	4,524	4,385	5,829	4,885
ST Debt	135	151	- -	150	- -	- -	41	133	- -	515	5	101	1	401	- -
LT Debt	2,681	2,526	2,522	1,835	1,980	1,983	2,813	2,779	3,172	3,172	4,517	4,424	4,385	5,428	4,884
Total Debt/EBITDA	6.75	6.55	5.18	2.46	2.44	2.09	3.02	2.66	2.53	2.88	3.1	2.97	2.16	2.94	2.08
Net Debt/EBITDA	6.38	5.87	4.78	2.29	2.09	1.81	2.87	2.63	2.01	1.63	2.5	2.5	1.45	2.4	1.78
Total Debt/EBIT	44.38	31.58	13.25	3.69	3.6	2.98	4.47	3.9	3.62	4.12	4.47	4.76	3.07	4.27	3.02
Net Debt/EBIT	41.92	28.33	12.23	3.43	3.09	2.59	4.25	3.84	2.86	2.33	3.61	4.01	2.06	3.48	2.58
EBITDA to Interest Expense	1.89	1.92	2.4	3.31	3.69	7.09	3.2	7.93	9.62	9.41	9.78	9.01	10.35	10.37	9.79
EBITDA-CapEx/Interest Expense	1.44	1.48	1.04	2.39	2.37	4.48	1.64	4.53	6.67	6.75	6.76	5.39	5.9	7.21	6.97
EBIT to Interest Expense	-0.08	0.12	0.75	1.22	2.45	4.85	2.1	5.31	6.56	6.56	6	5.96	7.03	7.32	6.54
Interest Expense	221	213	203	243	221	134	296	138	130	136	149	169	196	191	240
Common Equity/Total Assets	46.07	46.28	47.68	51.94	53.65	53.97	52.28	52.92	52.79	51.57	47.83	48.67	51.45	47.46	51.05
Long-Term Debt/Equity (%)	70.7	67.17	64.05	43.93	44.46	43.36	56.62	53.42	56.43	52.62	68.78	63.63	58.4	66.67	57.13
Long-Term Debt/Capital (%)	40.57	39.24	39.04	29.78	30.78	30.25	35.96	34.25	36.07	32.65	40.73	38.55	36.87	38.85	36.36
Long-Term Debt/Total Assets (%)	32.57	31.09	30.54	22.82	23.85	23.41	29.6	28.27	29.79	27.14	33.01	31.08	30.14	31.74	29.25
Total Debt/Equity (%)	74.25	71.18	64.05	47.52	44.46	43.37	57.45	55.98	56.43	61.17	68.86	65.07	58.41	71.58	57.14
Total Debt/Capital (%)	42.61	41.58	39.04	32.21	30.78	30.25	36.49	35.89	36.07	37.96	40.78	39.42	36.87	41.72	36.36
Total Debt/Total Assets (%)	34.21	32.94	30.54	24.68	23.86	23.41	30.04	29.62	29.79	31.55	33.05	31.78	30.15	34.08	29.25
Net Debt to Equity	70.14	63.85	59.13	44.14	38.09	37.7	54.6	55.21	44.7	34.68	55.5	54.86	39.25	58.31	48.88
Net Debt/Capital (%)	41.23	38.97	37.16	30.62	27.58	27.38	35.32	35.57	29.48	24.54	33.58	33.71	26.88	35.4	31.54
EBITDA	417	409	487	806	813	951	945	1,094	1,252	1,280	1,461	1,525	2,031	1,982	2,347
EBITDA-CapEx	318	315	211	581	524	601	485	625	868	918	1,009	912	1,158	1,379	1,670
Operating Income (Loss)	-18	26	153	297	540	650	621	733	854	892	895	1,009	1,379	1,399	1,567

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	0.38	0.63	0.65	0.31	0.8	0.7	0.32	0.07	0.51	1.14	0.31	0.17	1.17	0.45	0.19
Current Ratio	2.12	2.26	3.18	2.04	3.07	3.05	2.66	1.79	2.58	2.17	2.21	1.99	3.17	1.83	2.69
Quick Ratio	1.16	1.31	1.78	1.14	1.99	2.02	1.65	0.96	1.57	1.67	1.4	1.26	2.28	1.17	1.12
CFO/Avg Current Liab	0.34	0.57	0.97	0.7	1.29	1.78	1.58	1.59	1.73	1.35	1.11	1.33	1.75	1.38	1.65
Common Equity/Total Assets	46.07	46.28	47.68	51.94	53.65	53.97	52.28	52.92	52.79	51.57	47.83	48.67	51.45	47.46	51.05
Long-Term Debt/Equity (%)	70.7	67.17	64.05	43.93	44.46	43.36	56.62	53.42	56.43	52.62	68.78	63.63	58.4	66.67	57.13
Long-Term Debt/Capital (%)	40.57	39.24	39.04	29.78	30.78	30.25	35.96	34.25	36.07	32.65	40.73	38.55	36.87	38.85	36.36
Long-Term Debt/Total Assets (%)	32.57	31.09	30.54	22.82	23.85	23.41	29.6	28.27	29.79	27.14	33.01	31.08	30.14	31.74	29.25
Total Debt/Equity (%)	74.25	71.18	64.05	47.52	44.46	43.37	57.45	55.98	56.43	61.17	68.86	65.07	58.41	71.58	57.14
Total Debt/Capital (%)	42.61	41.58	39.04	32.21	30.78	30.25	36.49	35.89	36.07	37.96	40.78	39.42	36.87	41.72	36.36
Total Debt/Total Assets (%)	34.21	32.94	30.54	24.68	23.86	23.41	30.04	29.62	29.79	31.55	33.05	31.78	30.15	34.08	29.25
CFO/Total Liabilities	3.81	5.46	8.25	6.75	13.5	16.53	14.21	17.99	19.58	18.91	14.22	15.77	21.84	15.73	22.24
CFO/CapEx	1.71	2.55	1.29	1.16	1.8	1.84	1.4	1.78	2.56	2.96	2.24	1.87	1.76	2.34	2.68
Altman's Z-Score	1.79	2.09	2.36	2.93	3.86	4.55	4.08	3.6	4.27	3.86	4.11	3.88	4.65	4.08	4.76

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	8.21	8.9	9.22	8.83	9.1	9.03	9.35	9.26	9.44	9.3	8.57	8	8.04	8.33	8.92
Days Sales Outstanding	44.44	41	39.58	41.34	40.11	40.42	39.06	39.41	38.66	39.26	42.6	45.62	45.38	43.84	40.91
Inventory Turnover	7.04	6.74	6.9	7.22	7.67	7.52	7.94	8.07	8.28	7.88	8.62	10.46	9.76	8.35	8.47
Days Inventory Outstanding	51.81	54.15	52.92	50.54	47.6	48.55	45.99	45.25	44.1	46.29	42.36	34.89	37.38	43.7	43.11
Accounts Payable Turnover	22.19	20.63	18.63	16.76	16.14	16.23	17.15	16.08	15.37	13.25	13.32	14.18	13.89	13.76	13.64
Accounts Payable Turnover Days	16.45	17.7	19.59	21.78	22.61	22.5	21.29	22.7	23.74	27.55	27.41	25.73	26.27	26.53	26.76
Cash Conversion Cycle	79.8	77.45	72.9	70.1	65.1	66.48	63.76	61.95	59.02	58.01	57.55	54.77	56.49	61.01	57.26
Inventory to Cash Days	-7.37	-13.16	-13.34	-9.19	-7.48	-8.13	-6.93	-5.84	-5.44	-7.03	0.24	10.73	8	0.14	-2.21
Inventories	328	335	345	322	347	346	384	429	458	449	521	579	616	682	681
Raw Materials	63	66	67	45	48	51	55	54	61	66	99	134	115	138	117
Work In Process	4	6	7	1	1	1	2	3	6	5	4	6	7	9	5
Finished Goods	261	263	271	275	298	294	328	373	392	378	418	439	494	535	558
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	5,019	6,642	7,592	8,721	12,716	16,691	16,794	12,792	18,980	18,749	27,316	23,034	28,968	34,095	37,441
- Cash & Cash Equivalents	156	275	194	141	284	259	142	40	272	1,197	235	161	931	560	183
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23	24	25	24	24
+ Total Debt	2,815	2,677	2,522	1,985	1,980	1,983	2,855	2,912	3,172	3,687	4,523	4,524	4,385	5,829	4,885
Enterprise Value	7,679	9,044	9,921	10,564	14,412	18,415	19,508	15,664	21,881	21,239	31,626	27,420	32,446	39,388	42,167
Total Capital	6,607	6,438	6,461	6,161	6,435	6,555	7,824	8,115	8,794	9,715	11,090	11,476	11,893	13,971	13,434
Total Debt/Capital (%)	42.61	41.58	39.04	32.21	30.78	30.25	36.49	35.89	36.07	37.96	40.78	39.42	36.87	41.72	36.36
Total Debt / EV	0.37	0.3	0.25	0.19	0.14	0.11	0.15	0.19	0.14	0.17	0.14	0.16	0.14	0.15	0.12
EV/Sales	2.99	3.52	3.58	3.53	4.21	5.13	5.01	3.57	4.44	4.37	5.7	3.75	4.17	5.31	5.31
EV/EBITDA	18.42	22.12	20.38	13.11	17.72	19.37	20.64	14.32	17.48	16.59	21.65	17.98	15.98	19.87	17.96
EV/EBIT	121.04	106.67	52.1	19.63	26.21	27.65	30.53	20.95	24.94	23.71	31.29	28.82	22.73	28.87	26.04
EV/Cash Flow to Firm	- -	- -	- -	24.58	21.31	24.62	- -	16.53	20.05	18.03	28.06	21.49	19.25	25.25	21.09
EV/Free Cash Flow to Firm	- -	- -	- -	51.57	37.24	46.28	- -	32.75	30.95	26.04	46.8	41.33	39.9	41.19	31.9
Diluted Market Cap	5,025	6,644	7,666	8,792	12,899	17,127	17,118	13,002	19,125	18,852	27,480	23,155	29,318	34,363	38,043
Diluted Enterprise Value	7,684	9,045	9,995	10,636	14,596	18,851	19,832	15,874	22,026	21,342	31,791	27,541	32,797	39,656	42,769
EV per Share	59.41	69.72	76.2	80.09	108.22	139.15	147.42	118.88	165.3	160.28	238.33	206.32	245.62	298.25	322.87
TTM Sales	2,565	2,567	2,771	2,994	3,422	3,593	3,890	4,383	4,929	4,857	5,552	7,315	7,782	7,418	7,941
TTM EBITDA	417	409	487	806	813	951	945	1,094	1,252	1,280	1,461	1,525	2,031	1,982	2,347
TTM Operating Income	-18	26	153	297	540	650	621	733	854	892	895	1,009	1,379	1,399	1,567
TTM Cash Flow to Firm	- -	- -	- -	430	676	748	- -	947	1,091	1,178	1,127	1,276	1,686	1,560	2,000
TTM Free Cash Flow to Firm	- -	- -	- -	205	387	398	- -	478	707	816	676	663	813	956	1,322

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	71.65	45.78	94.5	243.18	56.02	58.17	92.48	35.75	31.88	26.62	49.02	43.23	44.14	42.63	33.51
EV/EBIT	121.04	106.67	52.1	19.63	26.21	27.65	30.53	20.95	24.94	23.71	31.29	28.82	22.73	28.87	26.04
Enterprise Value	7,679	9,044	9,921	10,564	14,412	18,415	19,508	15,664	21,881	21,239	31,626	27,420	32,446	39,388	42,167
Low Price	25.9	32.18	45.13	54.52	64.17	80.54	111	84.19	95.54	73.58	141.87	137.7	159.62	216.1	209.58
EV/Sales	2.99	3.52	3.58	3.53	4.21	5.13	5.01	3.57	4.44	4.37	5.7	3.75	4.17	5.31	5.31
EV/EBITDA	18.42	22.12	20.38	13.11	17.72	19.37	20.64	14.32	17.48	16.59	21.65	17.98	15.98	19.87	17.96
Price/Earnings	- -	- -	311.56	42.41	57.51	40.05	27.98	24.92	30.71	32.09	40.75	40.05	31.25	37.46	35.15
Price/Earnings Average	- -	- -	278.61	40.25	52.89	35.17	26.77	29.76	27.65	28.36	35.23	39.42	28.38	36.68	32.99
Price/Earnings High	- -	- -	311.85	43.91	63.69	42.74	29.59	35.93	32.32	34.35	41.42	49.13	32.31	42.35	37.99
Price/Earnings Low	- -	- -	241.13	34.98	38.65	25.57	24.47	21.61	20.46	16.69	28.09	31.82	22.75	31.35	25.69
Price/Book Value	1.32	1.77	1.93	2.09	2.85	3.65	3.38	2.46	3.38	3.11	4.17	3.32	3.87	4.2	4.39
Price/Book Value Average	1.29	1.47	1.72	1.98	2.63	3.21	3.23	2.94	3.04	2.75	3.61	3.27	3.52	4.11	4.12
Price/Book Value High	1.59	1.83	1.93	2.16	3.16	3.9	3.57	3.54	3.55	3.33	4.24	4.08	4	4.75	4.75
Price/Book Value Low	0.88	1.11	1.49	1.72	1.92	2.33	2.96	2.13	2.25	1.62	2.88	2.64	2.82	3.52	3.21
Price/Tangible Book Value	678.39	-365.24	47.75	26.95	21.45	23.56	21.45	13.58	13.92	10.83	24.85	14.99	11.63	13.93	11.5
Price/Tangible Book Value Average	660.05	-304.21	42.7	25.57	19.73	20.68	20.52	16.21	12.53	9.57	21.48	14.75	10.56	13.64	10.8
Price/Tangible Book Value High	816.81	-378.1	47.79	27.9	23.76	25.14	22.69	19.58	14.65	11.59	25.26	18.39	12.02	15.75	12.43
Price/Tangible Book Value Low	452.42	-229.57	36.95	22.22	14.41	15.04	18.76	11.77	9.28	5.63	17.13	11.91	8.46	11.66	8.41
Price/Sales	1.96	2.59	2.74	2.9	3.72	4.68	4.32	2.93	3.85	3.86	4.92	3.15	3.75	4.6	4.77
Price/Sales Average	1.91	2.16	2.45	2.75	3.42	4.11	4.14	3.5	3.46	3.41	4.26	3.1	3.4	4.51	4.47
Price/Sales High	2.36	2.68	2.74	3.01	4.12	4.99	4.57	4.23	4.05	4.13	5	3.87	3.87	5.21	5.15
Price/Sales Low	1.31	1.63	2.12	2.39	2.5	2.99	3.78	2.54	2.56	2.01	3.39	2.5	2.73	3.85	3.48
Price/Cash Flow	29.72	27.86	21.31	33.3	24.48	26.06	26.09	15.43	19.28	17.52	27.01	20.08	18.98	24.23	20.87
Price/Cash Flow Average	28.92	23.2	19.06	31.6	22.52	22.89	24.96	18.43	17.35	15.48	23.36	19.76	17.23	23.73	19.59
Price/Cash Flow High	35.79	28.84	21.33	34.48	27.12	27.81	27.59	22.25	20.28	18.76	27.46	24.63	19.62	27.4	22.56
Price/Cash Flow Low	19.82	17.51	16.49	27.46	16.45	16.64	22.82	13.38	12.84	9.11	18.62	15.95	13.81	20.28	15.26
Price/Free Cash Flow Average	69.71	38.13	84.51	230.79	51.52	51.07	88.49	42.69	28.7	23.52	42.38	42.56	40.08	41.75	31.46
Price/Free Cash Flow High	86.27	47.39	94.59	251.78	62.04	62.07	97.8	51.54	33.54	28.5	49.82	53.04	45.63	48.2	36.22
Price/Free Cash Flow Low	47.78	28.77	73.14	200.54	37.64	37.14	80.88	31	21.24	13.84	33.78	34.35	32.13	35.68	24.5
EV/Sales Average	2.94	3.09	3.29	3.38	3.91	4.56	4.83	4.14	4.05	3.92	5.03	3.7	3.83	5.22	5.02
EV/Sales High	3.39	3.61	3.58	3.63	4.61	5.44	5.26	4.86	4.64	4.65	5.78	4.46	4.3	5.91	5.69
EV/Sales Low	2.34	2.56	2.96	3.02	2.99	3.45	4.47	3.19	3.15	2.52	4.17	3.1	3.16	4.56	4.04
EV/EBITDA Average	18.09	19.41	18.73	12.55	16.47	17.23	19.88	16.59	15.96	14.89	19.12	17.75	14.67	19.52	16.99
EV/EBITDA High	20.87	22.7	20.39	13.49	19.41	20.55	21.67	19.48	18.27	17.62	21.96	21.41	16.46	22.12	19.25
EV/EBITDA Low	14.41	16.09	16.85	11.21	12.6	13.02	18.41	12.77	12.42	9.56	15.84	14.88	12.1	17.07	13.67
EV/EBIT Average	118.9	93.58	47.89	18.8	24.36	24.6	29.39	24.27	22.78	21.28	27.63	28.44	20.87	28.35	24.62
EV/EBIT High	137.18	109.43	52.14	20.2	28.7	29.34	32.04	28.51	26.07	25.19	31.73	34.31	23.42	32.13	27.91
EV/EBIT Low	94.68	77.57	43.09	16.79	18.63	18.59	27.23	18.68	17.72	13.67	22.89	23.85	17.21	24.79	19.82
Last Price	38.84	51.2	58.31	66.11	95.48	126.13	126.92	97.08	143.39	141.49	205.85	173.32	219.28	258.17	286.69
High Price	46.76	53.01	58.37	68.45	105.76	134.59	134.23	139.97	150.89	151.46	209.22	212.63	226.7	291.91	309.88
Enterprise Value Average	7,543	7,934	9,118	10,120	13,392	16,380	18,783	18,148	19,987	19,057	27,926	27,060	29,784	38,685	39,874
Enterprise Value High	8,703	9,278	9,928	10,873	15,780	19,535	20,475	21,315	22,874	22,561	32,073	32,645	33,425	43,843	45,195
Enterprise Value Low	6,007	6,576	8,205	9,035	10,241	12,382	17,401	13,966	15,548	12,240	23,136	22,687	24,564	33,831	32,097

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	129	130	130	132	133	132	132	132	132	133	133	133	132	132	131
Diluted Weighted Avg Shares	129	130	131	133	135	136	135	134	133	133	134	134	134	133	133
Basic Weighted Avg Shares	129	130	130	131	133	133	133	132	132	133	133	133	133	132	132
Revenue per Share	19.82	19.79	21.27	22.78	25.69	26.97	29.36	33.1	37.26	36.63	41.81	55	58.51	56.07	60.16
EBITDA per Share	3.22	3.15	3.74	6.13	6.1	7.14	7.13	8.26	9.46	9.66	11	11.46	15.27	14.98	17.78
Operating Income per Share	-0.14	0.2	1.17	2.26	4.05	4.88	4.69	5.53	6.45	6.73	6.74	7.58	10.37	10.57	11.87
Basic EPS, GAAP	-0.55	-0.41	0.19	1.56	1.66	3.15	4.54	3.9	4.67	4.41	5.05	4.33	7.02	6.89	8.16
Basic EPS from Cont Ops	-0.58	-0.42	0.16	1.58	1.75	3.17	4.48	3.91	4.71	4.44	5.07	4.47	7.11	6.96	8.2
Diluted EPS, GAAP	-0.55	-0.41	0.19	1.54	1.64	3.09	4.46	3.85	4.63	4.39	5.02	4.31	6.98	6.85	8.11
Diluted EPS from Cont Ops	-0.58	-0.42	0.16	1.56	1.72	3.11	4.4	3.87	4.67	4.41	5.05	4.45	7.07	6.92	8.16
Dividend per Share	0.76	0.04	0.04	0.22	0.4	0.8	1	1.12	1.24	1.36	1.48	1.6	1.72	1.85	1.97
Cash Flow per Share	1.31	1.84	2.74	1.99	3.9	4.84	4.87	6.29	7.44	8.07	7.62	8.63	11.55	10.65	13.73
Free Cash Flow per Basic Share	0.54	1.12	0.62	0.28	1.73	2.21	1.4	2.75	4.54	5.34	4.22	4.03	4.99	6.09	8.6
Cash & Equivalents per Share	1.21	2.12	1.49	1.07	2.13	1.96	1.07	0.3	2.05	9.03	1.77	1.21	7.05	4.24	1.4
Book Value per Share	29.34	28.99	30.25	31.66	33.45	34.55	37.55	39.49	42.47	45.48	49.32	52.13	56.65	61.48	65.28
Tangible Book Value per Share	0.06	-0.14	1.22	2.45	4.45	5.35	5.92	7.15	10.3	13.07	8.28	11.56	18.86	18.53	24.92