MSCI Inc. Financial Ratios — 3HM 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 (%)	14.54	13.49	14.89	18.96	19.16	42.79	84.6	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	5.67	6.03	7.23	9.44	7.42	8.37	9.56	15.24	14.85	14.32	14.96	16.58	21.85	20.23	21.57
Return on Capital (%)	8.9	9.43	10.29	13.26	11.26	13.52	15.58	25.17	25.21	23.7	23.84	26.05	34.7	33.27	37.33
Return on Invested Capital (%)	8.98	8.63	9.35	9.48	11.31	13.54	15.46	22.53	25.23	24.74	24.84	25.67	30.77	32.75	37.02
Gross Margin (%)	69.24	72.15	73.65	72.25	75.1	78.09	78.52	79.96	81.07	82.79	82.45	82.02	82.34	81.99	82.44
EBITDA Margin (%)	45.2	48.4	46.08	41.31	44.81	49.49	51.78	53.87	55.05	58.72	59.06	60.04	61.05	60.74	61.64
Operating Margin (%)	36.14	38.48	37.26	33.83	37.57	42.42	45.5	47.9	48.51	52.19	53.28	53.71	54.75	53.52	54.67
Incremental Operating Margin (%)	46.45	9.99	25.62	- -	85.19	111.3	74.22	67.03	55.57	93.8	58.59	57.99	63.13	43.98	66.49
Pretax Margin (%)	29.24	31.54	34.25	30.94	32.52	33.54	36.64	43.93	38.73	40.48	41.99	46.42	54.14	47.48	47.67
Profit Margin (%)	19.25	22.28	24.37	28.51	20.8	22.67	23.86	35.42	36.18	35.5	35.53	38.72	45.42	38.83	38.36
Net Income to Common Margin (%)	19.25	22.28	24.37	28.51	20.8	22.67	23.86	35.42	36.18	35.5	35.53	38.72	45.42	38.83	38.36
Effective Tax Rate (%)	34.15	36.81	36.1	35.48	34.19	32.41	34.9	19.37	6.58	12.3	15.4	16.6	16.1	18.22	19.54
Dvd Payout Ratio (%)	- -	- -	- -	10.25	38.14	36.88	39.38	33.66	39.55	40.95	41.66	42.84	38.39	45.9	46.29
Sustainable Growth Rate (%)	14.54	13.49	14.89	17.02	11.85	27.01	51.28	- -	- -	- -	- -	- -	- -	- -	- -

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	1,077	855	808	788	1,579	2,075	2,078	2,576	3,236	3,519	4,311	4,644	4,628	4,632	6,310
ST Debt	10	43	20	- -	- -	- -	- -	- -	- -	- -	- -	9	11	- -	- -
LT Debt	1,067	812	788	788	1,579	2,075	2,078	2,576	3,236	3,519	4,311	4,635	4,617	4,632	6,310
Total Debt/EBITDA	2.64	2.14	1.92	1.91	3.28	3.64	3.15	3.33	3.77	3.53	3.57	3.44	3	2.67	3.27
Net Debt/EBITDA	2.03	1.68	1.07	0.68	1.66	2.25	1.8	2.16	1.83	2.08	2.27	2.61	2.62	2.37	2.95
Total Debt/EBIT	3.34	2.69	2.37	2.34	3.91	4.25	3.58	3.75	4.28	3.98	4.02	3.85	3.34	3.03	3.68
Net Debt/EBIT	2.56	2.11	1.32	0.83	1.98	2.63	2.05	2.43	2.07	2.34	2.55	2.91	2.92	2.69	3.32
EBITDA to Interest Expense	7.3	7.1	16.03	12.94	7.72	5.6	5.68	5.8	5.79	6.37	7.56	7.87	8.27	9.35	9.21
EBITDA-CapEx/Interest Expense	7.3	7.1	16.03	12.94	7.72	5.6	5.68	5.8	5.79	6.37	7.56	7.87	8.27	9.35	9.21
EBIT to Interest Expense	5.83	5.64	12.96	10.6	6.47	4.8	4.99	5.16	5.1	5.66	6.82	7.04	7.42	8.24	8.16
Interest Expense	56	56	26	32	62	102	116	133	148	156	160	172	187	186	210
Common Equity/Total Assets	42.21	47.2	49.88	49.71	28.65	10.3	12.24	-4.91	-1.82	-10.56	-2.97	-20.17	-13.41	-17.26	-46.55
Long-Term Debt/Equity (%)	81.7	56.95	50.37	55.02	175.2	653.39	518.21	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	44.77	35.6	33.22	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.48	118.75	125.46	172.62
Long-Term Debt/Total Assets (%)	34.48	26.88	25.13	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.74	83.67	85.06	110.65
Total Debt/Equity (%)	82.49	59.97	51.64	55.02	175.2	653.39	518.21	-1,546.9	-4,218.36	-793.96	-2,637.51	-460.7	-625.59	-492.76	-237.7
Total Debt/Capital (%)	45.2	37.49	34.05	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.72	119.03	125.46	172.62
Total Debt/Total Assets (%)	34.82	28.31	25.76	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.92	83.87	85.06	110.65
Net Debt to Equity	63.17	47.11	28.72	19.51	88.93	404.08	296.4	-1,003.84	-2,040.51	-466.18	-1,676.16	-349.11	-547.46	-436.7	-214.37
Net Debt/Capital (%)	38.72	32.02	22.31	16.33	47.07	80.16	74.77	111.06	94.71	116.38	100.49	133.16	118.06	124.92	181.02
EBITDA	407	400	421	412	482	569	660	772	858	996	1,207	1,350	1,544	1,735	1,932
EBITDA-CapEx	407	400	421	412	482	569	660	772	858	996	1,207	1,350	1,544	1,735	1,932
Operating Income (Loss)	326	318	340	337	404	488	580	687	756	885	1,089	1,208	1,385	1,529	1,714

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	0.87	0.5	0.71	1.08	1.56	1.48	1.46	1.12	1.67	1.27	1.14	0.79	0.3	0.26	0.28
Current Ratio	1.5	1.01	1.24	1.63	2.13	1.97	2.09	1.77	2.31	1.88	1.71	1.4	0.93	0.85	0.9
Quick Ratio	1.27	0.8	1.05	1.45	1.98	1.89	2	1.7	2.23	1.82	1.67	1.32	0.86	0.77	0.82
CFO/Avg Current Liab	0.55	0.72	0.63	0.63	0.66	0.86	0.71	0.87	0.83	0.84	0.82	0.88	0.89	0.97	0.93
Common Equity/Total Assets	42.21	47.2	49.88	49.71	28.65	10.3	12.24	-4.91	-1.82	-10.56	-2.97	-20.17	-13.41	-17.26	-46.55
Long-Term Debt/Equity (%)	81.7	56.95	50.37	55.02	175.2	653.39	518.21	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	44.77	35.6	33.22	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.48	118.75	125.46	172.62
Long-Term Debt/Total Assets (%)	34.48	26.88	25.13	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.74	83.67	85.06	110.65
Total Debt/Equity (%)	82.49	59.97	51.64	55.02	175.2	653.39	518.21	-1,546.9	-4,218.36	-793.96	-2,637.51	-460.7	-625.59	-492.76	-237.7
Total Debt/Capital (%)	45.2	37.49	34.05	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.72	119.03	125.46	172.62
Total Debt/Total Assets (%)	34.82	28.31	25.76	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.92	83.87	85.06	110.65
CFO/Total Liabilities	14.27	21.77	20.43	21.09	14.31	16	14.06	17.24	16.57	17.47	16.51	18.24	19.75	23.52	19.01
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	5.05	5.83	6.42	6.64	5.92	5.97	6.76	6.59	6.68	8.5	9.48	9.06	11.97	13.24	11.39

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	5.49	4.95	5.65	5.72	5.56	5.36	4.64	3.58	3.2	3.21	3.34	3.39	3.37	3.44	3.47
Days Sales Outstanding	66.49	73.73	64.55	63.76	65.69	68.16	78.65	101.95	113.95	113.87	109.23	107.76	108.45	106.09	105.23
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	3,960	3,660	5,141	5,384	7,349	7,042	11,469	12,264	22,027	35,852	51,199	37,711	44,893	47,103	42,957
- Cash & Cash Equivalents	252	183	358	509	778	792	890	904	1,507	1,301	1,421	993	458	406	512
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,077	855	808	788	1,579	2,075	2,078	2,576	3,236	3,519	4,311	4,644	4,628	4,632	6,310
Enterprise Value	4,644	4,260	5,591	5,664	8,150	8,326	12,658	13,936	23,757	38,070	54,089	41,361	49,063	51,329	48,755
Total Capital	2,382	2,280	2,372	2,221	2,481	2,393	2,479	2,409	3,159	3,076	4,148	3,636	3,888	3,692	3,655
Total Debt/Capital (%)	45.2	37.49	34.05	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.72	119.03	125.46	172.62
Total Debt / EV	0.23	0.2	0.14	0.14	0.19	0.25	0.16	0.18	0.14	0.09	0.08	0.11	0.09	0.09	0.13
EV/Sales	5.15	5.15	6.12	5.68	7.58	7.24	9.93	9.72	15.25	22.46	26.47	18.39	19.4	17.97	15.55
EV/EBITDA	11.4	10.64	13.29	13.76	16.92	14.62	19.19	18.04	27.7	38.24	44.82	30.63	31.78	29.59	25.23
EV/EBIT	14.42	13.39	16.43	16.8	20.18	17.06	21.83	20.29	31.44	43.03	50.42	34.25	35.43	33.58	28.45
EV/Cash Flow to Firm	15.92	11.13	16.54	17.36	22.5	16.29	26.38	19.35	28.02	40.15	50.5	33.4	35.23	31.05	27.74
EV/Free Cash Flow to Firm	15.92	11.13	16.54	17.36	22.5	16.29	26.38	19.35	28.02	40.15	50.5	33.4	35.23	31.05	27.74
Diluted Market Cap	3,994	3,754	5,272	5,607	7,997	7,446	11,699	13,066	22,220	36,695	51,845	38,303	45,320	47,840	44,752
Diluted Enterprise Value	4,679	4,354	5,721	5,886	8,799	8,730	12,888	14,737	23,950	38,914	54,735	41,953	49,490	52,066	50,550
EV per Share	38.31	35.47	47.35	50.54	80.69	91.19	140.48	165.51	280.17	461.05	656.11	517.28	620.34	660.23	662.77
TTM Sales	901	827	913	997	1,075	1,151	1,274	1,434	1,558	1,695	2,044	2,249	2,529	2,856	3,134
TTM EBITDA	407	400	421	412	482	569	660	772	858	996	1,207	1,350	1,544	1,735	1,932
TTM Operating Income	326	318	340	337	404	488	580	687	756	885	1,089	1,208	1,385	1,529	1,714
TTM Cash Flow to Firm	292	383	338	326	362	511	480	720	848	948	1,071	1,238	1,393	1,653	1,757
TTM Free Cash Flow to Firm	292	383	338	326	362	511	480	720	848	948	1,071	1,238	1,393	1,653	1,757

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	15.66	10.82	16.41	18.34	24.89	16.83	28.95	21.32	31.32	45.24	55.39	34.97	36.67	31.86	28.17
EV/EBIT	14.42	13.39	16.43	16.8	20.18	17.06	21.83	20.29	31.44	43.03	50.42	34.25	35.43	33.58	28.45
Enterprise Value	4,644	4,260	5,591	5,664	8,150	8,326	12,658	13,936	23,757	38,070	54,089	41,361	49,063	51,329	48,755
Low Price	27.9	25.43	31.65	40.17	46.85	63.18	76.71	126.66	142.82	212.79	379.41	377.08	450.75	441.71	457.48
EV/Sales	5.15	5.15	6.12	5.68	7.58	7.24	9.93	9.72	15.25	22.46	26.47	18.39	19.4	17.97	15.55
EV/EBITDA	11.4	10.64	13.29	13.76	16.92	14.62	19.19	18.04	27.7	38.24	44.82	30.63	31.78	29.59	25.23
Price/Earnings	22.73	20.18	23.5	19.57	35.5	28.38	37.83	25	39.01	60.4	70.58	43.74	39.27	43	37.16
Price/Earnings Average	24.27	21.68	19.88	18.25	30.09	28.52	32.05	26.94	32.74	47.31	60.79	43.43	35.56	39.02	35.97
Price/Earnings High	28.02	25.11	24.13	19.95	35.5	33.43	39.05	31.58	40.04	62.08	77.1	57.64	39.51	45.45	40.21
Price/Earnings Low	19.42	16.84	17.08	16.37	22.86	23.25	22.8	21.74	21.45	29.6	43.12	34.97	31.18	31.35	29.11
Price/Book Value	3.03	2.57	3.29	3.76	8.15	22.17	28.6	-73.66	-287.14	-80.89	-313.21	-37.41	-60.69	-50.11	-16.18
Price/Book Value Average	3.24	2.76	2.78	3.51	6.91	22.28	24.24	-79.37	-240.98	-63.36	-269.76	-37.14	-54.95	-45.47	-15.66
Price/Book Value High	3.74	3.2	3.37	3.83	8.15	26.12	29.52	-93.05	-294.68	-83.14	-342.11	-49.3	-61.06	-52.97	-17.51
Price/Book Value Low	2.59	2.14	2.39	3.14	5.25	18.16	17.24	-64.05	-157.86	-39.64	-191.34	-29.91	-48.19	-36.53	-12.68
Price/Tangible Book Value	-3.78	-3.66	-6.09	-9.52	-6.96	-4.44	-7.74	-6.15	-11.59	-15.98	-17.11	-9.93	-9.79	-9.89	-6.7
Price/Tangible Book Value Average	-4.03	-3.93	-5.15	-8.88	-5.9	-4.46	-6.56	-6.63	-9.72	-12.52	-14.73	-9.86	-8.87	-8.97	-6.49
Price/Tangible Book Value High	-4.66	-4.56	-6.25	-9.7	-6.96	-5.23	-7.99	-7.77	-11.89	-16.42	-18.68	-13.09	-9.86	-10.45	-7.25
Price/Tangible Book Value Low	-3.23	-3.06	-4.43	-7.96	-4.48	-3.64	-4.67	-5.35	-6.37	-7.83	-10.45	-7.94	-7.78	-7.21	-5.25
Price/Sales	4.38	4.5	5.73	5.58	7.38	6.43	9.02	8.86	14.11	21.44	25.07	16.94	17.84	16.7	14.25
Price/Sales Average	4.67	4.83	4.84	5.2	6.26	6.47	7.65	9.54	11.85	16.79	21.6	16.81	16.15	15.15	13.8
Price/Sales High	5.39	5.59	5.88	5.69	7.38	7.58	9.32	11.19	14.49	22.04	27.39	22.32	17.95	17.65	15.43
Price/Sales Low	3.74	3.75	4.16	4.67	4.76	5.27	5.44	7.7	7.76	10.51	15.32	13.54	14.16	12.17	11.17
Price/Cash Flow	15.46	10.71	16.28	18.19	24.71	16.74	28.45	20.72	30.99	44.81	54.74	34.77	36.49	31.76	28.12
Price/Cash Flow Average	16.51	11.51	13.78	16.97	20.95	16.82	24.11	22.33	26.01	35.1	47.15	34.52	33.04	28.82	27.22
Price/Cash Flow High	19.06	13.33	16.72	18.54	24.71	19.71	29.37	26.18	31.8	46.06	59.79	45.81	36.72	33.57	30.44
Price/Cash Flow Low	13.21	8.94	11.84	15.21	15.92	13.71	17.15	18.02	17.04	21.96	33.44	27.8	28.98	23.15	22.03
Price/Free Cash Flow Average	16.72	11.62	13.89	17.11	21.1	16.92	24.53	22.97	26.28	35.44	47.7	34.72	33.2	28.91	27.27
Price/Free Cash Flow High	19.3	13.46	16.85	18.7	24.89	19.83	29.88	26.93	32.14	46.5	60.5	46.08	36.89	33.67	30.49
Price/Free Cash Flow Low	13.38	9.03	11.93	15.34	16.03	13.79	17.45	18.54	17.22	22.17	33.84	27.96	29.12	23.23	22.07
EV/Sales Average	5.45	5.48	5.26	5.32	6.54	7.27	8.56	10.38	12.98	17.87	22.99	18.27	17.72	16.45	15.12
EV/Sales High	6.18	6.23	6.27	5.79	7.58	8.32	10.22	11.97	15.62	23.05	28.78	23.72	19.51	18.91	16.68
EV/Sales Low	4.51	4.42	4.58	4.8	5.15	6.13	6.36	8.6	8.88	11.67	16.72	15.03	15.75	13.5	12.59
EV/EBITDA Average	12.06	11.32	11.41	12.88	14.6	14.68	16.53	19.27	23.57	30.44	38.93	30.43	29.03	27.08	24.52
EV/EBITDA High	13.66	12.88	13.61	14.01	16.92	16.82	19.75	22.22	28.38	39.24	48.73	39.51	31.96	31.14	27.06
EV/EBITDA Low	9.99	9.13	9.95	11.61	11.49	12.38	12.28	15.97	16.14	19.88	28.31	25.04	25.79	22.23	20.42
EV/EBIT Average	15.25	14.24	14.1	15.72	17.41	17.13	18.81	21.67	26.75	34.25	43.8	34.02	32.37	30.73	27.65
EV/EBIT High	17.28	16.2	16.83	17.11	20.18	19.62	22.47	24.99	32.2	44.16	54.83	44.17	35.64	35.34	30.52
EV/EBIT Low	12.63	11.49	12.3	14.18	13.7	14.45	13.97	17.96	18.31	22.37	31.85	27.99	28.76	25.23	23.02
Last Price	32.67	30.47	43.54	48.04	72.75	77.13	127.28	145.66	259.77	434.18	621.05	471.62	567.61	605.87	583.95
High Price	40.25	37.92	44.71	48.98	72.75	90.86	131.39	183.99	266.6	446.3	678.37	621.45	571.14	640.4	632
Enterprise Value Average	4,911	4,532	4,800	5,302	7,031	8,360	10,907	14,885	20,216	30,303	46,987	41,089	44,821	46,971	47,379
Enterprise Value High	5,563	5,155	5,728	5,768	8,150	9,579	13,028	17,163	24,336	39,071	58,814	53,342	49,343	54,014	52,290
Enterprise Value Low	4,067	3,655	4,187	4,782	5,534	7,051	8,101	12,336	13,840	19,789	34,168	33,802	39,821	38,567	39,452

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	121	120	118	112	101	91	90	84	85	83	82	80	79	78	74
Diluted Weighted Avg Shares	122	123	121	117	110	97	92	90	86	85	83	81	80	79	77
Basic Weighted Avg Shares	121	122	120	116	109	96	90	87	85	84	83	81	79	79	77
Revenue per Share	7.46	6.78	7.61	8.61	9.85	11.99	14.1	16.45	18.4	20.25	24.77	27.85	31.83	36.29	40.97
EBITDA per Share	3.37	3.28	3.5	3.56	4.41	5.93	7.3	8.86	10.13	11.89	14.63	16.72	19.43	22.04	25.26
Operating Income per Share	2.7	2.61	2.83	2.91	3.7	5.09	6.42	7.88	8.93	10.57	13.2	14.96	17.42	19.42	22.4
Basic EPS, GAAP	1.44	1.51	1.85	2.45	2.05	2.72	3.36	5.83	6.66	7.19	8.8	10.78	14.45	14.09	15.72
Basic EPS from Cont Ops	1.44	1.35	1.66	1.72	2.11	2.72	3.36	5.83	6.66	7.19	8.8	10.78	14.45	14.09	15.72
Diluted EPS, GAAP	1.42	1.5	1.84	2.43	2.03	2.7	3.31	5.66	6.59	7.12	8.7	10.72	14.39	14.05	15.69
Diluted EPS from Cont Ops	1.42	1.34	1.65	1.7	2.09	2.7	3.31	5.66	6.59	7.12	8.7	10.72	14.39	14.05	15.69
Dividend per Share	- -	- -	- -	0.18	0.8	1	1.33	1.96	2.63	2.94	3.67	4.62	5.55	6.47	7.27
Cash Flow per Share	2.11	2.84	2.67	2.64	2.94	4.61	4.47	7.03	8.38	9.69	11.35	13.57	15.55	19.08	20.76
Free Cash Flow per Basic Share	2.11	2.84	2.67	2.64	2.94	4.61	4.47	7.03	8.38	9.69	11.35	13.57	15.55	19.08	20.76
Cash & Equivalents per Share	3.24	2.12	3.04	4.54	7.7	8.67	9.87	10.74	17.77	15.75	17.24	12.42	5.79	5.22	6.96
Book Value per Share	10.77	11.87	13.25	12.78	8.92	3.48	4.45	-1.98	-0.9	-5.37	-1.98	-12.61	-9.35	-12.09	-36.09
Tangible Book Value per Share	-8.65	-8.32	-7.15	-5.05	-10.45	-17.37	-16.44	-23.67	-22.42	-27.18	-36.31	-47.48	-57.95	-61.26	-87.14