Church & Dwight Company, Inc. Financial Ratios — CXU 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 (%)	15.83	17.06	18.09	18.81	19.9	22.94	35.43	24.34	24.05	27.63	26.46	12.31	20.57	14.25	17.62
Return on Assets (%)	10.21	9.7	9.44	9.6	9.53	10.66	14.34	9.41	9.68	11.17	10.74	5.07	8.93	6.71	8.28
Return on Capital (%)	13.99	13.65	13.6	13.73	13.74	15.46	- -	13.8	14.52	16.85	15.87	8.11	13.56	10.27	12.68
Return on Invested Capital (%)	13.69	13.27	13.44	13.5	13.9	15.24	- -	13.67	14.39	16.74	15.76	7.91	13.29	9.74	12.99
Gross Margin (%)	44.17	44.2	45.02	44.06	44.53	45.54	45.8	44.4	45.53	45.23	43.61	41.86	44.11	45.69	44.73
EBITDA Margin (%)	20.72	21.56	22.31	22.21	22.83	23.81	22.72	22.5	23.33	24.91	25.01	15.19	21.86	17.13	21.36
Operating Margin (%)	17.92	18.66	19.48	19.44	19.86	20.73	19.4	19.1	19.28	21.03	20.79	18.77	18.02	19.06	17.37
Incremental Operating Margin (%)	29.73	30.42	28.3	18.39	33.95	50.86	3	15.96	22.9	35.22	16.79	- -	9.87	44.65	- -
Pretax Margin (%)	17.99	18.57	18.71	18.95	18.72	20.21	18.34	17.35	17.75	19.89	19.88	9.73	16.49	12.38	15.43
Profit Margin (%)	11.26	11.97	12.35	12.55	12.09	13.14	19.69	13.71	14.13	16.05	15.94	7.7	12.88	9.58	11.88
Net Income to Common Margin (%)	11.26	11.97	12.35	12.55	12.09	13.14	19.69	13.71	14.13	16.05	15.94	7.7	12.88	9.58	11.88
Effective Tax Rate (%)	37.4	35.52	34.02	33.77	35.41	34.98	- -	20.97	20.4	19.3	19.79	20.91	21.89	22.61	23
Dvd Payout Ratio (%)	31.46	38.45	39.35	40.47	42.71	39.87	25.61	37.51	36.39	30.19	29.91	61.61	35.27	47.33	38.98
Sustainable Growth Rate (%)	10.85	10.5	10.97	11.2	11.4	13.8	26.36	15.21	15.3	19.29	18.55	4.73	13.32	7.5	10.75

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	252	903	803	1,087	1,050	1,120	2,374	2,107	2,063	2,164	2,563	2,674	2,406	2,205	2,205
ST Debt	3	254	154	397	357	427	271	598	253	351	952	74	204	- -	- -
LT Debt	250	649	650	690	693	693	2,103	1,509	1,810	1,813	1,611	2,600	2,202	2,205	2,205
Total Debt/EBITDA	0.44	1.43	1.13	1.48	1.35	1.35	2.77	2.26	2.03	1.77	1.97	3.27	1.88	2.11	1.66
Net Debt/EBITDA	- -	0.89	0.43	0.91	0.93	1.12	2.44	1.92	1.88	1.62	1.79	2.94	1.61	1.19	1.36
Total Debt/EBIT	0.51	1.66	1.29	1.69	1.56	1.55	3.24	2.66	2.46	2.1	2.38	4.47	2.28	2.73	2.05
Net Debt/EBIT	- -	1.03	0.49	1.03	1.07	1.29	2.86	2.26	2.27	1.92	2.15	4.02	1.95	1.54	1.67
EBITDA to Interest Expense	65.48	45.01	25.73	26.73	25.42	30.03	16.31	11.75	13.81	19.99	23.82	9.12	11.57	11.01	13.92
EBITDA-CapEx/Interest Expense	56.68	39.69	23.31	24.16	23.39	28.23	15.46	10.99	12.81	18.37	21.64	7.12	9.55	9.12	12.63
EBIT to Interest Expense	56.62	38.94	22.46	23.4	22.1	26.14	13.93	9.97	11.42	16.88	19.8	11.26	9.53	12.25	11.32
Interest Expense	9	14	28	27	31	28	53	79	74	61	55	90	111	95	95
Common Equity/Total Assets	65.45	50.29	53.99	48.22	47.53	45.43	36.88	40.43	40.07	40.74	40.43	41.82	44.99	49.09	44.91
Long-Term Debt/Equity (%)	12.24	31.51	28.24	32.83	34.24	35.06	94.83	61.49	67.85	60.01	49.82	74.49	57.12	50.55	55.1
Long-Term Debt/Capital (%)	10.89	21.91	20.93	21.64	22.54	22.38	45.8	33.08	38.26	34.96	27.79	42.18	35.17	33.58	35.52
Long-Term Debt/Total Assets (%)	8.01	15.85	15.25	15.83	16.27	15.93	34.97	24.86	27.19	24.45	20.14	31.15	25.7	24.82	24.74
Total Debt/Equity (%)	12.36	43.82	34.93	51.7	51.9	56.64	107.05	85.87	77.33	71.64	79.27	76.61	62.41	50.55	55.1
Total Debt/Capital (%)	11	30.47	25.89	34.08	34.17	36.16	51.7	46.2	43.61	41.74	44.22	43.38	38.43	33.58	35.52
Total Debt/Total Assets (%)	8.09	22.04	18.86	24.93	24.67	25.73	39.47	34.72	30.99	29.18	32.05	32.03	28.08	24.82	24.74
Net Debt to Equity	0.04	27.18	13.32	31.57	35.59	47.14	94.47	72.96	71.5	65.58	71.83	68.86	53.47	28.45	44.88
Net Debt/Capital (%)	0.04	21.37	11.76	24	26.25	32.04	48.58	42.18	41.69	39.61	41.8	40.78	34.84	22.15	30.98
EBITDA	570	630	713	732	775	832	858	933	1,017	1,219	1,298	817	1,283	1,046	1,325
EBITDA-CapEx	493	556	646	662	713	782	813	872	943	1,121	1,179	638	1,059	866	1,203
Operating Income (Loss)	493	545	622	641	674	724	733	792	840	1,030	1,079	1,009	1,057	1,164	1,078

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	0.66	0.47	0.76	0.47	0.38	0.19	0.3	0.24	0.14	0.13	0.12	0.23	0.24	0.73	0.27
Current Ratio	1.97	1.29	1.71	1.12	1.04	0.76	1.07	0.81	0.88	0.8	0.59	1.18	1.08	1.7	1.07
Quick Ratio	1.35	0.89	1.27	0.82	0.69	0.47	0.67	0.5	0.47	0.42	0.31	0.58	0.61	1.19	0.67
CFO/Avg Current Liab	1.05	0.94	0.73	0.69	0.68	0.7	0.7	0.68	0.71	0.8	0.57	0.54	0.79	0.84	0.86
Common Equity/Total Assets	65.45	50.29	53.99	48.22	47.53	45.43	36.88	40.43	40.07	40.74	40.43	41.82	44.99	49.09	44.91
Long-Term Debt/Equity (%)	12.24	31.51	28.24	32.83	34.24	35.06	94.83	61.49	67.85	60.01	49.82	74.49	57.12	50.55	55.1
Long-Term Debt/Capital (%)	10.89	21.91	20.93	21.64	22.54	22.38	45.8	33.08	38.26	34.96	27.79	42.18	35.17	33.58	35.52
Long-Term Debt/Total Assets (%)	8.01	15.85	15.25	15.83	16.27	15.93	34.97	24.86	27.19	24.45	20.14	31.15	25.7	24.82	24.74
Total Debt/Equity (%)	12.36	43.82	34.93	51.7	51.9	56.64	107.05	85.87	77.33	71.64	79.27	76.61	62.41	50.55	55.1
Total Debt/Capital (%)	11	30.47	25.89	34.08	34.17	36.16	51.7	46.2	43.61	41.74	44.22	43.38	38.43	33.58	35.52
Total Debt/Total Assets (%)	8.09	22.04	18.86	24.93	24.67	25.73	39.47	34.72	30.99	29.18	32.05	32.03	28.08	24.82	24.74
CFO/Total Liabilities	40.66	25.7	25.49	23.94	27.13	27.58	17.95	21.12	21.67	22.54	20.86	18.23	21.86	25.57	24.75
CFO/CapEx	5.72	7.03	7.45	7.66	9.81	13.16	15.14	12.64	11.73	10.01	8.37	4.95	4.61	6.43	9.93
Altman's Z-Score	9.06	6.9	7.66	7.91	8.76	9.4	8.41	9.23	9.68	10.04	9.94	9.18	9.21	9.02	9.43

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	11.09	10.29	10.09	10.1	11.33	12.4	11.93	12	12.42	12.97	12.91	12.99	12.37	10.83	10.39
Days Sales Outstanding	32.9	35.46	36.18	36.14	32.21	29.42	30.59	30.43	29.39	28.15	28.28	28.09	29.51	33.7	35.13
Inventory Turnover	7.75	7.36	7.13	7.43	7.24	7.15	6.95	6.46	5.93	5.88	5.68	5.29	5.21	5.41	5.97
Days Inventory Outstanding	47.1	49.57	51.2	49.11	50.39	51.05	52.51	56.49	61.52	62.12	64.28	69.02	70.11	67.49	61.12
Accounts Payable Turnover	7.03	7.08	7.1	6.81	6.61	6.03	5.8	5.69	5.33	5.2	4.74	4.87	5	4.97	4.66
Accounts Payable Turnover Days	51.91	51.56	51.43	53.64	55.2	60.5	62.91	64.19	68.47	70.19	77.01	75.02	72.94	73.49	78.31
Cash Conversion Cycle	28.09	33.47	35.95	31.62	27.4	19.97	20.19	22.72	22.44	20.08	15.55	22.09	26.69	27.7	17.94
Inventory to Cash Days	-14.2	-14.12	-15.01	-12.97	-18.18	-21.63	-21.93	-26.06	-32.14	-33.97	-36	-40.92	-40.6	-33.79	-25.98
Inventories	201	242	251	246	274	258	331	383	417	495	535	647	613	613	535
Raw Materials	50	72	70	71	85	70	86	84	86	113	116	150	138	140	144
Work In Process	11	22	30	25	33	29	31	34	29	33	40	47	40	45	35
Finished Goods	140	148	150	150	156	160	214	264	303	350	379	450	436	428	356
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	6,624	7,434	9,279	10,703	11,260	11,294	12,565	16,062	17,457	21,738	24,543	20,002	22,734	25,891	20,073
- Cash & Cash Equivalents	251	343	497	423	330	188	279	317	156	183	241	270	345	964	409
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	252	903	803	1,087	1,050	1,120	2,374	2,107	2,063	2,164	2,563	2,674	2,406	2,205	2,205
Enterprise Value	6,625	7,994	9,586	11,367	11,980	12,226	14,660	17,852	19,364	23,718	26,865	22,405	24,796	27,131	21,869
Total Capital	2,293	2,964	3,103	3,189	3,073	3,098	4,592	4,561	4,731	5,184	5,796	6,163	6,261	6,565	6,207
Total Debt/Capital (%)	11	30.47	25.89	34.08	34.17	36.16	51.7	46.2	43.61	41.74	44.22	43.38	38.43	33.58	35.52
Total Debt / EV	0.04	0.11	0.08	0.1	0.09	0.09	0.16	0.12	0.11	0.09	0.1	0.12	0.1	0.08	0.1
EV/Sales	2.41	2.74	3	3.45	3.53	3.5	3.88	4.31	4.44	4.84	5.18	4.17	4.23	4.44	3.53
EV/EBITDA	11.63	12.69	13.45	15.52	15.45	14.7	17.08	19.14	19.05	19.45	20.69	27.43	19.33	25.93	16.5
EV/EBIT	13.45	14.67	15.41	17.73	17.77	16.88	20.01	22.55	23.05	23.03	24.9	37.48	23.45	33.62	20.29
EV/Cash Flow to Firm	14.95	15.01	18.51	20.35	19.14	18.16	- -	21.6	20.98	22.82	25.89	23.43	22.19	22.06	16.97
EV/Free Cash Flow to Firm	18.07	17.45	21.26	23.3	21.24	19.61	- -	23.31	22.8	25.22	29.24	28.83	27.74	25.84	18.75
Diluted Market Cap	6,787	7,644	9,428	11,036	11,576	11,656	12,994	16,310	17,933	22,344	25,257	20,199	23,150	25,998	20,730
Diluted Enterprise Value	6,788	8,204	9,735	11,700	12,296	12,588	15,090	18,100	19,840	24,324	27,579	22,602	25,212	27,239	22,526
EV per Share	23.28	28.8	34.49	42.62	46.09	48.14	59.2	72.31	78.9	96.67	110.76	91.86	101.98	110.34	92.45
TTM Sales	2,749	2,922	3,194	3,298	3,395	3,493	3,776	4,146	4,358	4,896	5,190	5,376	5,868	6,107	6,203
TTM EBITDA	570	630	713	732	775	832	858	933	1,017	1,219	1,298	817	1,283	1,046	1,325
TTM Operating Income	493	545	622	641	674	724	733	792	840	1,030	1,079	1,009	1,057	1,164	1,078
TTM Cash Flow to Firm	443	533	518	558	626	673	- -	826	923	1,040	1,038	956	1,117	1,230	1,289
TTM Free Cash Flow to Firm	367	458	451	488	564	624	- -	766	849	941	919	777	894	1,050	1,166

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	18.79	17.02	21.8	23.49	21.27	19.25	20.42	23.19	22.68	25.07	28.87	28.59	28.68	26.63	18.97
EV/EBIT	13.45	14.67	15.41	17.73	17.77	16.88	20.01	22.55	23.05	23.03	24.9	37.48	23.45	33.62	20.29
Enterprise Value	6,625	7,994	9,586	11,367	11,980	12,226	14,660	17,852	19,364	23,718	26,865	22,405	24,796	27,131	21,869
Low Price	16.83	22.07	26.69	30.76	38.65	38.21	42.95	44.74	60.12	50.81	77.48	69.94	79.1	93.21	81.26
EV/Sales	2.41	2.74	3	3.45	3.53	3.5	3.88	4.31	4.44	4.84	5.18	4.17	4.23	4.44	3.53
EV/EBITDA	11.63	12.69	13.45	15.52	15.45	14.7	17.08	19.14	19.05	19.45	20.69	27.43	19.33	25.93	16.5
Price/Earnings	21.53	21.45	23.47	26.2	27.68	24.96	17.1	28.09	28.43	27.82	29.95	48.13	30.3	43.97	27.95
Price/Earnings Average	18.74	20.79	21.8	22.59	27.06	26.25	16.55	23.46	28.71	25.44	25.54	52.3	29.53	43.22	31.67
Price/Earnings High	38.13	23.55	23.62	26.23	29.11	29.68	18.31	29.99	32.45	31.03	30.1	62.27	32.72	47.24	37.85
Price/Earnings Low	15.57	17.68	18.76	20.08	24.7	21.44	14.48	19.32	24.03	15.96	22.93	41.05	25.64	38.92	26.77
Price/Book Value	3.25	3.61	4.03	5.09	5.57	5.71	5.66	6.55	6.54	7.2	7.59	5.73	5.9	5.94	5.02
Price/Book Value Average	2.83	3.5	3.75	4.39	5.44	6.01	5.48	5.47	6.61	6.58	6.47	6.23	5.75	5.84	5.68
Price/Book Value High	5.75	3.96	4.06	5.1	5.85	6.79	6.07	6.99	7.47	8.03	7.63	7.42	6.37	6.38	6.79
Price/Book Value Low	2.35	2.97	3.23	3.9	4.97	4.91	4.79	4.5	5.53	4.13	5.81	4.89	4.99	5.26	4.8
Price/Tangible Book Value	24.71	-18.23	-73.29	-21.6	-18.73	-12.58	-6.1	-8.86	-8.08	-9.37	-9.68	-8.45	-12.1	-26.94	-9.39
Price/Tangible Book Value Average	21.5	-17.67	-68.08	-18.62	-18.31	-13.23	-5.9	-7.4	-8.15	-8.57	-8.26	-9.18	-11.79	-26.49	-10.64
Price/Tangible Book Value High	43.75	-20.01	-73.77	-21.63	-19.7	-14.95	-6.53	-9.46	-9.22	-10.45	-9.73	-10.93	-13.07	-28.95	-12.72
Price/Tangible Book Value Low	17.86	-15.02	-58.59	-16.56	-16.71	-10.81	-5.16	-6.09	-6.83	-5.38	-7.41	-7.2	-10.24	-23.85	-9
Price/Sales	2.42	2.57	2.9	3.29	3.35	3.28	3.37	3.85	4.02	4.47	4.77	3.71	3.9	4.21	3.32
Price/Sales Average	2.11	2.49	2.69	2.83	3.27	3.45	3.26	3.22	4.06	4.08	4.07	4.03	3.8	4.14	3.76
Price/Sales High	4.29	2.82	2.92	3.29	3.52	3.9	3.61	4.11	4.59	4.98	4.8	4.79	4.21	4.53	4.5
Price/Sales Low	1.75	2.12	2.32	2.52	2.99	2.82	2.85	2.65	3.4	2.56	3.66	3.16	3.3	3.73	3.18
Price/Cash Flow	15.23	14.33	18.52	20.07	18.74	17.48	18.66	20.92	20.26	22.08	24.94	22.5	22.22	22.26	16.94
Price/Cash Flow Average	13.25	13.89	17.21	17.3	18.32	18.39	18.06	17.47	20.45	20.19	21.27	24.45	21.65	21.88	19.2
Price/Cash Flow High	26.96	15.73	18.65	20.09	19.71	20.79	19.98	22.33	23.12	24.63	25.06	29.12	23.99	23.91	22.94
Price/Cash Flow Low	11.01	11.81	14.81	15.38	16.72	15.02	15.79	14.38	17.12	12.66	19.09	19.19	18.8	19.7	16.23
Price/Free Cash Flow Average	16.36	16.5	20.25	20.25	20.79	20.25	19.76	19.37	22.89	22.92	24.62	31.07	27.95	26.17	21.49
Price/Free Cash Flow High	33.27	18.68	21.94	23.52	22.37	22.89	21.86	24.77	25.88	27.96	29.01	37	30.97	28.61	25.68
Price/Free Cash Flow Low	13.59	14.03	17.43	18.01	18.98	16.54	17.28	15.95	19.17	14.38	22.1	24.39	24.27	23.57	18.16
EV/Sales Average	2.1	2.66	2.79	3	3.46	3.67	3.77	3.67	4.48	4.46	4.48	4.49	4.13	4.37	3.96
EV/Sales High	4.27	2.98	3.02	3.45	3.7	4.11	4.12	4.57	5.01	5.36	5.2	5.26	4.53	4.76	4.67
EV/Sales Low	1.74	2.29	2.42	2.69	3.17	3.04	3.37	3.1	3.82	2.95	4.07	3.62	3.63	3.96	3.39
EV/EBITDA Average	10.12	12.32	12.52	13.5	15.13	15.4	16.61	16.3	19.21	17.93	17.91	29.55	18.88	25.51	18.52
EV/EBITDA High	20.59	13.84	13.53	15.54	16.21	17.27	18.12	20.31	21.47	21.51	20.79	34.63	20.75	27.77	21.87
EV/EBITDA Low	8.41	10.61	10.84	12.11	13.89	12.79	14.84	13.76	16.39	11.85	16.26	23.83	16.6	23.09	15.86
EV/EBIT Average	11.71	14.25	14.34	15.43	17.4	17.69	19.45	19.2	23.25	21.23	21.55	40.38	22.9	33.07	22.77
EV/EBIT High	23.81	16	15.5	17.75	18.64	19.83	21.22	23.92	25.98	25.47	25.01	47.31	25.17	36	26.89
EV/EBIT Low	9.72	12.27	12.41	13.83	15.97	14.69	17.37	16.21	19.83	14.03	19.57	32.56	20.14	29.93	19.5
Last Price	23.28	26.78	33.39	40.13	43.32	44.47	50.74	65.06	71.13	88.59	101.19	82.01	93.5	105.3	84.85
High Price	41.21	29.4	33.6	40.18	45.57	52.88	54.33	69.47	81.17	98.83	101.71	106.12	100.96	113.12	114.9
Enterprise Value Average	5,766	7,765	8,925	9,891	11,729	12,811	14,254	15,202	19,533	21,858	23,254	24,138	24,217	26,692	24,542
Enterprise Value High	11,729	8,720	9,646	11,380	12,564	14,361	15,549	18,941	21,829	26,229	26,992	28,284	26,610	29,055	28,977
Enterprise Value Low	4,790	6,687	7,724	8,868	10,766	10,636	12,730	12,837	16,663	14,448	21,114	19,461	21,294	24,159	21,017

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	285	278	278	267	260	254	248	247	245	245	243	244	243	246	237
Diluted Weighted Avg Shares	292	285	282	275	267	262	256	251	252	252	250	246	248	247	244
Basic Weighted Avg Shares	286	280	277	270	262	258	251	246	246	247	245	243	245	244	243
Revenue per Share	9.6	10.43	11.52	12.2	12.95	13.56	15.07	16.89	17.7	19.84	21.19	22.13	23.96	24.99	25.56
EBITDA per Share	1.99	2.25	2.57	2.71	2.96	3.23	3.42	3.8	4.13	4.94	5.3	3.36	5.24	4.28	5.46
Operating Income per Share	1.72	1.95	2.24	2.37	2.57	2.81	2.92	3.22	3.41	4.17	4.41	4.15	4.32	4.76	4.44
Basic EPS, GAAP	1.08	1.25	1.42	1.53	1.57	1.78	2.97	2.32	2.5	3.18	3.38	1.7	3.09	2.39	3.04
Basic EPS from Cont Ops	1.08	1.25	1.42	1.53	1.57	1.78	2.97	2.32	2.5	3.18	3.38	1.7	3.09	2.39	3.04
Diluted EPS, GAAP	1.06	1.23	1.4	1.51	1.54	1.75	2.9	2.27	2.44	3.12	3.32	1.68	3.05	2.37	3.02
Diluted EPS from Cont Ops	1.06	1.23	1.4	1.51	1.54	1.75	2.9	2.27	2.44	3.12	3.32	1.68	3.05	2.37	3.02
Dividend per Share	0.34	0.48	0.56	0.62	0.67	0.71	0.76	0.87	0.91	0.96	1.01	1.05	1.09	1.13	1.18
Cash Flow per Share	1.53	1.87	1.8	2	2.31	2.54	2.72	3.11	3.51	4.01	4.06	3.64	4.21	4.73	5.01
Free Cash Flow per Basic Share	1.26	1.6	1.56	1.74	2.08	2.35	2.54	2.86	3.21	3.61	3.57	2.91	3.3	4	4.5
Cash & Equivalents per Share	0.88	1.24	1.79	1.59	1.27	0.74	1.13	1.28	0.63	0.75	0.99	1.11	1.42	3.92	1.73
Book Value per Share	7.17	7.43	8.28	7.88	7.78	7.79	8.96	9.94	10.87	12.31	13.33	14.31	15.86	17.74	16.92
Tangible Book Value per Share	0.94	-1.47	-0.46	-1.86	-2.31	-3.54	-8.32	-7.34	-8.81	-9.45	-10.45	-9.71	-7.73	-3.91	-9.03