Fastenal Company Financial Ratios — FAS 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 (%)	26.11	27.86	26.92	26.8	27.79	26.75	28.71	34.18	31.84	31.83	32.03	35.03	35.47	33.04	33.29
Return on Assets (%)	22.7	24.03	23.06	22.28	21.11	19.2	20.74	24.13	22.21	22.13	22.39	24.57	25.63	25.12	25.81
Return on Capital (%)	26.11	27.86	26.92	26.19	24.85	22.43	24.18	28.66	26.45	26.1	26.41	28.72	29.64	28.96	29.77
Return on Invested Capital (%)	25.82	27.34	26.33	25.54	24.21	21.99	23.79	28.13	25.98	25.71	25.96	28.29	29.33	28.65	29.4
Gross Margin (%)	51.83	51.52	51.7	50.82	50.37	49.59	49.28	48.32	47.16	45.47	46.2	46.07	45.66	45.08	45.01
EBITDA Margin (%)	22.38	23.22	23.36	23.04	23.66	22.71	22.99	22.91	22.61	23.09	23.09	23.35	23.22	22.34	22.38
Operating Margin (%)	20.77	21.49	21.41	21.07	21.38	20.07	20.06	20.11	19.82	20.22	20.25	20.82	20.81	20.01	20.19
Incremental Operating Margin (%)	29.17	26.86	20.11	18.31	30.05	- -	19.95	20.52	15.87	26.98	20.79	24.36	20.51	- -	22.26
Pretax Margin (%)	20.78	21.51	21.45	21.09	21.35	19.93	19.89	19.88	19.57	20.06	20.09	20.63	20.72	19.99	20.18
Profit Margin (%)	12.94	13.42	13.49	13.24	13.35	12.6	13.18	15.14	14.83	15.21	15.39	15.57	15.72	15.25	15.35
Net Income to Common Margin (%)	12.94	13.42	13.49	13.24	13.35	12.6	13.18	15.14	14.83	15.21	15.39	15.57	15.72	15.25	15.35
Effective Tax Rate (%)	37.76	37.62	37.12	37.25	37.49	36.76	33.73	23.82	24.22	24.15	23.41	24.52	24.11	23.71	23.96
Dvd Payout Ratio (%)	53.57	87.34	52.93	60.02	63.34	69.4	63.79	58.77	63.04	93.52	69.59	65.44	88.03	77.64	79.8
Sustainable Growth Rate (%)	12.12	3.53	12.67	10.71	10.19	8.18	10.4	14.09	11.77	2.06	9.74	12.11	4.24	7.39	6.72

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	- -	- -	- -	90	365	390	415	500	591	650	637	802	535	485	442
ST Debt	- -	- -	- -	90	62	11	3	3	100	134	151	294	156	174	131
LT Debt	- -	- -	- -	- -	303	380	412	497	490	517	486	508	379	312	311
Total Debt/EBITDA	- -	- -	- -	0.1	0.4	0.43	0.41	0.44	0.49	0.5	0.46	0.49	0.31	0.29	0.24
Net Debt/EBITDA	-0.19	-0.11	-0.08	-0.03	0.26	0.31	0.3	0.29	0.14	0.12	0.11	0.2	0.02	-0.03	-0.08
Total Debt/EBIT	- -	- -	- -	0.11	0.44	0.49	0.47	0.5	0.56	0.57	0.52	0.55	0.35	0.32	0.27
Net Debt/EBIT	-0.2	-0.12	-0.08	-0.03	0.28	0.35	0.34	0.33	0.16	0.14	0.13	0.22	0.03	-0.04	-0.09
EBITDA to Interest Expense	- -	- -	6,874.76	940.18	295.29	138.43	110.9	90.27	86.76	134.45	143.1	114	157.96	230.88	295.95
EBITDA-CapEx/Interest Expense	- -	- -	5,046.97	733.1	245.23	109.28	97.73	76.28	69.03	117.12	126.96	101.85	141.96	199.85	256.39
EBIT to Interest Expense	- -	- -	6,301.01	859.7	266.9	122.35	96.79	79.26	76.06	117.71	125.51	101.65	141.55	206.85	267.05
Interest Expense	- -	- -	- -	1	3	7	9	13	14	10	10	14	11	7	6
Common Equity/Total Assets	86.59	85.93	85.4	81.18	71.13	72.43	72.05	69.33	70.15	68.94	70.77	69.54	75.04	76.98	78.05
Long-Term Debt/Equity (%)	- -	- -	- -	- -	16.82	19.63	19.65	21.58	18.39	18.9	15.98	16.07	11.31	8.62	7.88
Long-Term Debt/Capital (%)	- -	- -	- -	- -	13.98	16.34	16.4	17.73	15.05	15.27	13.21	12.82	9.75	7.6	7.09
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	11.96	14.22	14.16	14.96	12.9	13.03	11.3	11.18	8.49	6.63	6.15
Total Debt/Equity (%)	- -	- -	- -	4.7	20.26	20.17	19.79	21.71	22.16	23.79	20.93	25.36	15.98	13.42	11.21
Total Debt/Capital (%)	- -	- -	- -	4.49	16.85	16.79	16.52	17.84	18.14	19.21	17.31	20.23	13.78	11.83	10.08
Total Debt/Total Assets (%)	- -	- -	- -	3.82	14.41	14.61	14.26	15.05	15.54	16.4	14.81	17.63	11.99	10.33	8.75
Net Debt to Equity	-8.07	-5.1	-3.3	-1.28	13.1	14.34	14.22	14.45	6.38	5.83	5.06	10.27	1.16	-1.54	-3.85
Net Debt/Capital (%)	-8.77	-5.38	-3.41	-1.3	11.58	12.55	12.45	12.63	5.52	5.08	4.47	8.7	1.06	-1.45	-3.69
EBITDA	619	728	777	860	915	900	1,009	1,137	1,206	1,304	1,388	1,630	1,706	1,685	1,835
EBITDA-CapEx	499	589	570	671	760	710	889	961	960	1,136	1,232	1,456	1,533	1,459	1,590
Operating Income (Loss)	575	673	712	787	827	795	881	999	1,057	1,142	1,217	1,454	1,529	1,510	1,656

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	0.77	0.39	0.25	0.31	0.35	0.41	0.33	0.38	0.32	0.4	0.35	0.29	0.33	0.37	0.39
Current Ratio	6.58	6.3	5.87	4.22	4.46	6.24	5.51	5.3	4.51	4.08	4.19	3.96	4.57	4.67	4.85
Quick Ratio	2.57	2.21	1.97	1.54	1.6	2.22	2.06	2.02	1.68	1.66	1.67	1.57	1.98	1.99	2.13
CFO/Avg Current Liab	1.53	2.02	1.87	1.62	1.47	1.6	1.87	1.71	1.72	1.9	1.19	1.28	1.97	1.74	1.85
Common Equity/Total Assets	86.59	85.93	85.4	81.18	71.13	72.43	72.05	69.33	70.15	68.94	70.77	69.54	75.04	76.98	78.05
Long-Term Debt/Equity (%)	- -	- -	- -	- -	16.82	19.63	19.65	21.58	18.39	18.9	15.98	16.07	11.31	8.62	7.88
Long-Term Debt/Capital (%)	- -	- -	- -	- -	13.98	16.34	16.4	17.73	15.05	15.27	13.21	12.82	9.75	7.6	7.09
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	11.96	14.22	14.16	14.96	12.9	13.03	11.3	11.18	8.49	6.63	6.15
Total Debt/Equity (%)	- -	- -	- -	4.7	20.26	20.17	19.79	21.71	22.16	23.79	20.93	25.36	15.98	13.42	11.21
Total Debt/Capital (%)	- -	- -	- -	4.49	16.85	16.79	16.52	17.84	18.14	19.21	17.31	20.23	13.78	11.83	10.08
Total Debt/Total Assets (%)	- -	- -	- -	3.82	14.41	14.61	14.26	15.05	15.54	16.4	14.81	17.63	11.99	10.33	8.75
CFO/Total Liabilities	118.82	155.12	137.29	112.5	75.26	70.66	71.93	66.18	74.29	89.47	61.27	67.92	128.6	108.47	116.82
CFO/CapEx	2.24	2.86	2.01	2.64	3.55	2.74	4.88	3.82	3.42	6.55	4.92	5.41	8.29	5.18	5.28
Altman's Z-Score	39.49	37.27	32.48	23.6	14.16	15.27	15.88	12.8	15.07	17.82	21.59	15.98	24.38	27.49	29.94

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	9.09	8.82	8.46	8.52	8.32	8.19	7.93	7.51	7.33	7.47	7.2	7.3	6.99	6.87	6.97
Days Sales Outstanding	40.15	41.39	43.15	42.84	43.89	44.59	46.04	48.6	49.82	48.84	50.69	50.02	52.19	53.12	52.39
Inventory Turnover	2.21	2.23	2.14	2.22	2.15	2.1	2.14	2.16	2.13	2.28	2.26	2.33	2.47	2.62	2.66
Days Inventory Outstanding	164.81	163.58	170.32	164.33	169.4	174.19	170.94	168.66	171.28	160.24	161.47	156.65	147.69	139.5	137.32
Accounts Payable Turnover	21.18	20.93	19.79	19.69	17.09	17.69	18.16	16.14	15.04	15.26	15.54	16.18	14.67	15.46	15.26
Accounts Payable Turnover Days	17.24	17.44	18.44	18.54	21.36	20.63	20.1	22.62	24.27	23.92	23.49	22.56	24.89	23.6	23.92
Cash Conversion Cycle	187.73	187.53	195.04	188.63	191.93	198.15	196.88	194.64	196.84	185.16	188.68	184.12	174.99	169.01	165.79
Inventory to Cash Days	-124.66	-122.18	-127.17	-121.49	-125.52	-129.6	-124.91	-120.06	-121.46	-111.4	-110.78	-106.63	-95.5	-86.39	-84.94
Inventories	646	715	784	869	913	993	1,093	1,279	1,366	1,338	1,524	1,708	1,523	1,645	1,748
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	646	715	784	869	913	993	1,093	1,279	1,366	1,338	1,524	1,708	1,523	1,645	1,748

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	13,105	13,825	14,110	14,191	12,095	13,653	15,868	14,683	21,121	28,584	37,050	27,202	36,987	41,641	47,165
- Cash & Cash Equivalents	118	80	59	114	129	113	117	167	175	246	236	230	221	256	277
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	90	365	390	415	500	591	650	637	802	535	485	442
Enterprise Value	12,960	13,745	14,051	14,167	12,331	13,930	16,166	15,016	21,536	28,989	37,450	27,774	37,301	41,871	47,330
Total Capital	1,459	1,560	1,773	2,005	2,166	2,323	2,512	2,803	3,256	3,383	3,679	3,965	3,884	4,102	4,386
Total Debt/Capital (%)	- -	- -	- -	4.49	16.85	16.79	16.52	17.84	18.14	19.21	17.31	20.23	13.78	11.83	10.08
Total Debt / EV	- -	- -	- -	0.01	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.03	0.01	0.01	0.01
EV/Sales	4.68	4.39	4.22	3.79	3.19	3.52	3.68	3.02	4.04	5.13	6.23	3.98	5.08	5.55	5.77
EV/EBITDA	20.93	18.89	18.09	16.47	13.47	15.48	16.02	13.2	17.86	22.23	26.98	17.04	21.86	24.84	25.79
EV/EBIT	22.55	20.4	19.72	17.99	14.88	17.5	18.33	15.03	20.37	25.39	30.76	19.11	24.4	27.73	28.59
EV/Cash Flow to Firm	48.27	34.68	33.76	28.34	22.33	26.58	27.34	21.96	25.24	26.14	48.17	29.18	25.89	35.52	36.39
EV/Free Cash Flow to Firm	87.31	53.3	67.02	45.63	31.06	41.64	34.3	29.59	35.49	30.8	60.31	35.7	29.41	43.96	44.85
Diluted Market Cap	13,132	13,852	14,155	14,260	12,198	13,653	15,907	14,750	21,131	28,661	37,155	27,430	37,053	41,712	47,257
Diluted Enterprise Value	12,987	13,772	14,096	14,236	12,434	13,930	16,205	15,082	21,546	29,065	37,555	28,002	37,367	41,942	47,422
EV per Share	10.97	11.59	11.84	11.97	10.65	12.04	14.05	13.13	18.76	25.24	32.54	24.33	32.61	36.52	41.23
TTM Sales	2,767	3,134	3,326	3,734	3,869	3,962	4,391	4,965	5,334	5,647	6,011	6,981	7,347	7,546	8,201
TTM EBITDA	619	728	777	860	915	900	1,009	1,137	1,206	1,304	1,388	1,630	1,706	1,685	1,835
TTM Operating Income	575	673	712	787	827	795	881	999	1,057	1,142	1,217	1,454	1,529	1,510	1,656
TTM Cash Flow to Firm	268	396	416	500	552	524	591	684	853	1,109	778	952	1,441	1,179	1,301
TTM Free Cash Flow to Firm	148	258	210	310	397	335	471	507	607	941	621	778	1,268	952	1,055

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	88.46	53.71	67.54	46.01	30.87	41.32	34.19	29.62	35.44	30.7	60.56	35.75	29.41	44.06	44.98
EV/EBIT	22.55	20.4	19.72	17.99	14.88	17.5	18.33	15.03	20.37	25.39	30.76	19.11	24.4	27.73	28.59
Enterprise Value	12,960	13,745	14,051	14,167	12,331	13,930	16,166	15,016	21,536	28,989	37,450	27,774	37,301	41,871	47,330
Low Price	7.25	9.56	10.94	10.11	8.79	9.02	9.97	11.87	12.59	14.1	21.95	22.22	23.28	30.81	20.33
EV/Sales	4.68	4.39	4.22	3.79	3.19	3.52	3.68	3.02	4.04	5.13	6.23	3.98	5.08	5.55	5.77
EV/EBITDA	20.93	18.89	18.09	16.47	13.47	15.48	16.02	13.2	17.86	22.23	26.98	17.04	21.86	24.84	25.79
Price/Earnings	36.59	32.82	31.45	28.78	23.57	27.32	27.48	19.6	26.66	33.25	40.01	25.16	31.99	36.15	37.46
Price/Earnings Average	27.58	31.86	32.15	27.96	23.12	25.25	23.34	20.76	23.39	27.77	33.08	27.58	27.52	35.23	38.11
Price/Earnings High	36.69	38.57	35.15	31.2	26.83	28.65	27.61	23.35	27.16	33.5	40.01	33.74	32.54	42.05	46.02
Price/Earnings Low	23.9	26.92	28.95	24.26	19.84	20.87	19.87	18.12	18.25	18.83	27.28	23.46	23.03	30.67	18.54
Price/Book Value	8.98	8.86	7.96	7.41	6.71	7.06	7.57	6.38	7.92	10.46	12.18	8.6	11.04	11.51	11.96
Price/Book Value Average	6.77	8.6	8.14	7.2	6.59	6.53	6.43	6.75	6.95	8.73	10.07	9.43	9.5	11.22	12.16
Price/Book Value High	9.01	10.41	8.9	8.03	7.64	7.41	7.6	7.59	8.07	10.54	12.18	11.53	11.24	13.39	14.69
Price/Book Value Low	5.87	7.27	7.33	6.25	5.65	5.4	5.47	5.89	5.42	5.92	8.3	8.02	7.95	9.77	5.92
Price/Tangible Book Value	8.98	8.86	7.96	7.41	6.71	7.06	7.57	6.38	7.92	10.46	12.18	8.6	11.04	11.51	11.96
Price/Tangible Book Value Average	6.77	8.6	8.14	7.2	6.59	6.53	6.43	6.75	6.95	8.73	10.07	9.43	9.5	11.22	12.16
Price/Tangible Book Value High	9.01	10.41	8.9	8.03	7.64	7.41	7.6	7.59	8.07	10.54	12.18	11.53	11.24	13.39	14.69
Price/Tangible Book Value Low	5.87	7.27	7.33	6.25	5.65	5.4	5.47	5.89	5.42	5.92	8.3	8.02	7.95	9.77	5.92
Price/Sales	4.73	4.4	4.24	3.81	3.15	3.44	3.62	2.97	3.95	5.06	6.16	3.92	5.03	5.51	5.75
Price/Sales Average	3.57	4.28	4.34	3.7	3.09	3.18	3.08	3.14	3.47	4.22	5.09	4.29	4.33	5.37	5.85
Price/Sales High	4.75	5.18	4.74	4.13	3.58	3.61	3.64	3.54	4.03	5.1	6.16	5.25	5.12	6.41	7.06
Price/Sales Low	3.09	3.61	3.9	3.21	2.65	2.63	2.62	2.74	2.71	2.87	4.2	3.65	3.62	4.68	2.85
Price/Cash Flow	48.78	34.83	33.91	28.48	22.12	26.24	27.17	21.86	25.02	25.93	48.05	29.06	25.79	35.45	36.38
Price/Cash Flow Average	36.77	33.81	34.67	27.67	21.7	24.26	23.08	23.15	21.95	21.65	39.73	31.85	22.18	34.54	37
Price/Cash Flow High	48.91	40.93	37.9	30.87	25.18	27.52	27.29	26.04	25.49	26.12	48.05	38.98	26.23	41.24	44.69
Price/Cash Flow Low	31.86	28.56	31.21	24.01	18.62	20.05	19.64	20.21	17.13	14.69	32.77	27.1	18.57	30.08	18
Price/Free Cash Flow Average	66.7	52.14	69.05	44.71	30.28	38.2	29.04	31.37	31.09	25.63	50.07	39.19	25.3	42.93	45.75
Price/Free Cash Flow High	88.71	63.12	75.49	49.88	35.14	43.33	34.34	35.28	36.1	30.93	60.56	47.96	29.92	51.25	55.26
Price/Free Cash Flow Low	57.78	44.05	62.16	38.8	25.99	31.57	24.71	27.38	24.25	17.39	41.29	33.34	21.18	37.38	22.26
EV/Sales Average	3.52	4.26	4.32	3.69	3.13	3.26	3.14	3.2	3.55	4.3	5.16	4.35	4.37	5.41	5.87
EV/Sales High	4.7	5.16	4.72	4.11	3.62	3.68	3.7	3.59	4.11	5.17	6.23	5.31	5.16	6.45	7.09
EV/Sales Low	3.04	3.59	3.89	3.2	2.69	2.7	2.68	2.8	2.79	2.94	4.27	3.72	3.67	4.71	2.87
EV/EBITDA Average	15.72	18.33	18.49	16	13.22	14.33	13.65	13.96	15.71	18.61	22.36	18.64	18.83	24.21	26.23
EV/EBITDA High	20.99	22.21	20.23	17.85	15.3	16.22	16.09	15.67	18.19	22.39	26.98	22.73	22.24	28.88	31.67
EV/EBITDA Low	13.59	15.47	16.64	13.88	11.38	11.9	11.66	12.23	12.33	12.72	18.49	15.91	15.79	21.1	12.81
EV/EBIT Average	16.94	19.8	20.16	17.48	14.6	16.21	15.62	15.9	17.92	21.26	25.49	20.91	21.02	27.02	29.07
EV/EBIT High	22.62	23.99	22.05	19.5	16.9	18.34	18.41	17.84	20.74	25.58	30.76	25.49	24.82	32.23	35.09
EV/EBIT Low	14.64	16.71	18.14	15.16	12.57	13.46	13.35	13.92	14.07	14.53	21.08	17.85	17.63	23.55	14.2
Last Price	11.1	11.65	11.89	11.99	10.44	11.8	13.79	12.84	18.39	24.89	32.19	23.83	32.33	36.32	41.08
High Price	11.13	13.69	13.29	13	11.89	12.38	13.86	15.29	18.74	25.08	32.19	31.96	32.89	42.24	50.47
Enterprise Value Average	9,735	13,340	14,366	13,765	12,100	12,898	13,776	15,884	18,945	24,274	31,034	30,388	32,132	40,805	48,138
Enterprise Value High	12,997	16,165	15,712	15,359	14,003	14,594	16,237	17,821	21,930	29,204	37,450	37,058	37,938	48,667	58,105
Enterprise Value Low	8,414	11,258	12,927	11,940	10,418	10,709	11,768	13,906	14,870	16,596	25,662	25,940	26,946	35,558	23,505

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	1,181	1,186	1,187	1,183	1,158	1,157	1,150	1,144	1,148	1,148	1,151	1,142	1,144	1,147	1,148
Diluted Weighted Avg Shares	1,183	1,189	1,191	1,189	1,168	1,157	1,153	1,149	1,149	1,151	1,154	1,151	1,146	1,149	1,150
Basic Weighted Avg Shares	1,180	1,184	1,187	1,186	1,166	1,156	1,153	1,148	1,146	1,148	1,150	1,148	1,143	1,145	1,148
Revenue per Share	2.34	2.65	2.8	3.15	3.32	3.43	3.81	4.33	4.65	4.92	5.23	6.08	6.43	6.59	7.15
EBITDA per Share	0.52	0.61	0.65	0.73	0.79	0.78	0.88	0.99	1.05	1.14	1.21	1.42	1.49	1.47	1.6
Operating Income per Share	0.49	0.57	0.6	0.66	0.71	0.69	0.76	0.87	0.92	0.99	1.06	1.27	1.34	1.32	1.44
Basic EPS, GAAP	0.3	0.36	0.38	0.42	0.44	0.43	0.5	0.65	0.69	0.75	0.8	0.95	1.01	1	1.1
Basic EPS from Cont Ops	0.3	0.36	0.38	0.42	0.44	0.43	0.5	0.65	0.69	0.75	0.8	0.95	1.01	1	1.1
Diluted EPS, GAAP	0.3	0.35	0.38	0.42	0.44	0.43	0.5	0.65	0.69	0.75	0.8	0.94	1.01	1	1.09
Diluted EPS from Cont Ops	0.3	0.35	0.38	0.42	0.44	0.43	0.5	0.65	0.69	0.75	0.8	0.94	1.01	1	1.09
Dividend per Share	0.16	0.31	0.2	0.25	0.28	0.3	0.32	0.38	0.43	0.7	0.56	0.62	0.89	0.78	0.88
Cash Flow per Share	0.23	0.33	0.35	0.42	0.47	0.45	0.51	0.59	0.74	0.96	0.67	0.82	1.25	1.02	1.13
Free Cash Flow per Basic Share	0.13	0.22	0.18	0.26	0.34	0.29	0.4	0.43	0.52	0.81	0.53	0.67	1.1	0.83	0.92
Cash & Equivalents per Share	0.12	0.07	0.05	0.1	0.11	0.1	0.1	0.15	0.15	0.21	0.21	0.2	0.19	0.22	0.24
Book Value per Share	1.24	1.32	1.49	1.62	1.56	1.67	1.82	2.01	2.32	2.38	2.64	2.77	2.93	3.15	3.44
Tangible Book Value per Share	1.24	1.32	1.49	1.62	1.56	1.67	1.82	2.01	2.32	2.38	2.64	2.77	2.93	3.15	3.44