Fiserv, Inc. Financial Ratios — FIV 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 (%)	14.55	18.31	18.51	21.92	23.91	35.76	47.27	47.25	5.06	2.93	4.22	8.19	10.11	11	13.17
Return on Assets (%)	5.61	7.17	7.2	8.01	7.64	9.75	12.44	11.02	2.01	1.26	1.77	3.16	3.51	3.73	4.42
Return on Capital (%)	8.97	10.91	10.67	11.82	11.7	14.66	19.01	16.75	3.96	2.78	3.38	5.79	7.13	7.78	8.76
Return on Invested Capital (%)	9.7	10.39	9.57	10.56	12.02	12.46	17.91	16.5	4.04	2.78	3.33	5.67	7.46	9.29	8.59
Gross Margin (%)	41.62	42.2	42.33	43.13	44.63	46.25	46.91	47.3	47.88	47.4	49.91	54.94	59.83	60.83	59.36
EBITDA Margin (%)	31.13	31.51	30.41	31.86	32.89	33.9	34.43	39.46	32	34.08	33.8	38.95	42.61	43.87	42.37
Operating Margin (%)	23.08	23.62	22.04	23.88	24.95	26.25	26.72	26.21	15.65	9.35	14.1	20.78	25.39	28.74	26.89
Incremental Operating Margin (%)	- -	39.46	3.44	59.13	53.72	53.39	40.31	3.15	1.56	- -	65.5	92.52	85.62	75.72	- -
Pretax Margin (%)	16.86	19.86	18.65	20.67	20.12	23.16	23.84	26.7	10.63	7.88	10.27	16.42	20.42	22.03	20.12
Profit Margin (%)	11	13.77	13.46	14.88	13.55	16.89	21.88	20.38	8.77	6.45	8.22	14.26	16.07	15.31	16.42
Net Income to Common Margin (%)	11	13.77	13.46	14.88	13.55	16.89	21.88	20.38	8.77	6.45	8.22	14.26	16.07	15.31	16.42
Effective Tax Rate (%)	35.13	34.05	36.53	36.68	35.67	38.59	11.63	24.31	18.28	16.74	21.79	18.92	19.34	14.23	19.02
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	14.55	18.31	18.51	21.92	23.91	35.76	47.27	47.25	5.06	2.93	4.22	8.19	10.11	11	13.17

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	3,395	3,230	3,848	3,790	4,293	4,562	4,900	5,959	21,899	20,684	21,237	21,542	23,236	24,956	29,123
ST Debt	179	2	92	92	5	95	3	4	287	384	508	592	873	1,226	1,365
LT Debt	3,216	3,228	3,756	3,698	4,288	4,467	4,897	5,955	21,612	20,300	20,729	20,950	22,363	23,730	27,758
Total Debt/EBITDA	2.54	2.31	2.63	2.35	2.48	2.44	2.5	2.59	6.72	4.09	3.87	3.12	2.86	2.78	3.24
Net Debt/EBITDA	2.29	2.05	2.36	2.17	2.33	2.28	2.33	2.41	6.33	3.76	3.58	2.85	2.58	2.52	2.91
Total Debt/EBIT	3.43	3.08	3.63	3.13	3.27	3.16	3.2	3.4	13.61	11.17	9.28	5.76	4.63	4.24	5.01
Net Debt/EBIT	3.09	2.74	3.25	2.89	3.06	2.95	2.99	3.16	12.82	10.28	8.57	5.27	4.18	3.85	4.48
EBITDA to Interest Expense	7.1	8.03	8.98	9.84	10.16	11.45	11.21	12.16	6.43	7.07	7.88	9.26	8.1	7.25	5.86
EBITDA-CapEx/Interest Expense	7.1	8.03	8.98	9.84	10.16	11.45	11.21	12.16	6.43	7.07	7.88	9.26	8.1	7.25	5.86
EBIT to Interest Expense	5.27	6.02	6.51	7.38	7.71	8.87	8.7	8.07	3.14	1.94	3.29	4.94	4.83	4.75	3.72
Interest Expense	188	174	163	164	170	163	175	189	507	716	696	746	1,004	1,238	1,531
Common Equity/Total Assets	38.11	40.21	37.69	35.4	28.48	26.08	26.54	20.36	42.53	43.33	40.59	36.76	32.85	35.07	32.19
Long-Term Debt/Equity (%)	98.71	94.47	104.77	112.23	161.2	175.8	179.31	259.7	62	60.91	64.88	66.11	72.92	85.71	107.55
Long-Term Debt/Capital (%)	48.34	48.56	50.53	52.19	61.67	62.89	64.17	72.16	38.08	37.58	38.97	39.36	41.49	45.08	50.53
Long-Term Debt/Total Assets (%)	37.62	37.99	39.48	39.73	45.91	45.85	47.59	52.88	27.87	27.2	27.19	24.98	24.6	30.75	34.64
Total Debt/Equity (%)	104.21	94.53	107.34	115.02	161.39	179.54	179.42	259.88	62.83	62.06	66.47	67.98	75.76	90.14	112.84
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt/Total Assets (%)	39.72	38.01	40.45	40.72	45.96	46.82	47.62	52.91	28.24	27.72	27.85	25.69	25.56	32.34	36.34
Net Debt to Equity	93.86	84.05	96.18	106.1	151.05	167.73	167.52	241.56	59.16	57.11	61.36	62.19	68.31	81.71	101.08
Net Debt/Capital (%)	48.42	45.67	49.03	51.48	60.17	62.65	62.62	70.68	36.92	35.84	37.45	37.66	39.75	44.01	48.19
EBITDA	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
EBITDA-CapEx	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
Operating Income (Loss)	990	1,048	1,061	1,210	1,311	1,445	1,522	1,526	1,594	1,388	2,288	3,686	4,847	5,879	5,698

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	0.24	0.32	0.3	0.2	0.18	0.16	0.17	0.21	0.06	0.06	0.05	0.03	0.04	0.06	0.03
Current Ratio	0.98	1.31	1.18	0.97	1	0.95	1.02	1.11	1.08	1.04	1.03	1.04	1.04	1.06	1.03
Quick Ratio	0.72	0.92	0.86	0.73	0.72	0.66	0.68	0.73	0.23	0.22	0.2	0.17	0.14	0.25	0.21
CFO/Avg Current Liab	0.83	0.66	0.85	0.93	0.9	0.86	0.79	0.79	0.32	0.26	0.24	0.21	0.17	0.24	0.26
Common Equity/Total Assets	38.11	40.21	37.69	35.4	28.48	26.08	26.54	20.36	42.53	43.33	40.59	36.76	32.85	35.07	32.19
Long-Term Debt/Equity (%)	98.71	94.47	104.77	112.23	161.2	175.8	179.31	259.7	62	60.91	64.88	66.11	72.92	85.71	107.55
Long-Term Debt/Capital (%)	48.34	48.56	50.53	52.19	61.67	62.89	64.17	72.16	38.08	37.58	38.97	39.36	41.49	45.08	50.53
Long-Term Debt/Total Assets (%)	37.62	37.99	39.48	39.73	45.91	45.85	47.59	52.88	27.87	27.2	27.19	24.98	24.6	30.75	34.64
Total Debt/Equity (%)	104.21	94.53	107.34	115.02	161.39	179.54	179.42	259.88	62.83	62.06	66.47	67.98	75.76	90.14	112.84
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt/Total Assets (%)	39.72	38.01	40.45	40.72	45.96	46.82	47.62	52.91	28.24	27.72	27.85	25.69	25.56	32.34	36.34
CFO/Total Liabilities	17.86	16.26	17.53	21.74	20.15	19.87	19.62	17.3	6.55	10.04	9.11	8.85	8.57	13.4	11.16
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	8.64	9.36	9.81	10.95	11.11	10.89	11.09	9.9	2.56	2.78	2.67	2.34	2.32	3.84	2.84

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	6.93	6.69	6.82	6.54	6.57	6.46	6	5.69	5.32	5.64	6.07	5.5	5.33	5.6	5.5
Days Sales Outstanding	52.68	54.59	53.53	55.8	55.58	56.49	60.84	64.12	68.63	64.68	60.08	66.31	68.51	65.19	66.36
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	8,306	10,505	15,100	17,438	21,203	23,046	27,473	28,077	79,315	74,640	67,459	63,668	78,815	116,393	35,700
- Cash & Cash Equivalents	337	358	400	294	275	300	325	415	893	906	835	902	1,204	1,236	798
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	1,878	999	998	860	812	618	17
+ Total Debt	3,395	3,230	3,848	3,790	4,293	4,562	4,900	5,959	21,899	20,684	21,237	21,542	23,236	24,956	29,123
Enterprise Value	11,364	13,377	18,548	20,934	25,221	27,308	32,048	33,621	102,199	95,417	88,860	85,168	101,659	140,731	64,042
Total Capital	6,653	6,647	7,433	7,085	6,953	7,103	7,631	8,252	56,756	54,013	53,187	53,230	53,905	52,642	54,932
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt / EV	0.3	0.24	0.21	0.18	0.17	0.17	0.15	0.18	0.21	0.22	0.24	0.25	0.23	0.18	0.45
EV/Sales	2.65	3.02	3.85	4.13	4.8	4.96	5.63	5.77	10.03	6.42	5.48	4.8	5.32	6.88	3.02
EV/EBITDA	8.51	9.57	12.67	12.97	14.6	14.63	16.34	14.63	31.35	18.85	16.2	12.33	12.5	15.68	7.13
EV/EBIT	11.48	12.76	17.48	17.3	19.24	18.9	20.92	19.18	63.52	51.52	38.84	22.77	20.28	23.94	11.01
EV/Cash Flow to Firm	10.65	14.22	16.24	14.84	17.33	17.84	19.57	19.83	31.84	20.12	19.41	16.31	17.02	18.29	8.77
EV/Free Cash Flow to Firm	10.65	14.22	16.24	14.84	17.33	17.84	19.57	19.83	31.84	20.12	19.41	16.31	17.02	18.29	8.77
Diluted Market Cap	8,549	10,828	15,100	18,338	22,398	23,944	28,531	29,594	79,315	76,235	69,701	65,477	81,743	120,129	36,703
Diluted Enterprise Value	11,607	13,700	18,548	21,834	26,416	28,206	33,106	35,138	102,199	97,012	91,101	86,977	104,587	144,467	65,045
EV per Share	20.28	25.07	36.13	43.56	55.97	63.36	77.19	85.66	150.32	142.6	136.71	135.19	171.14	249.52	119.93
TTM Sales	4,289	4,436	4,814	5,066	5,254	5,505	5,696	5,823	10,187	14,852	16,226	17,737	19,093	20,456	21,193
TTM EBITDA	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
TTM Operating Income	990	1,048	1,061	1,210	1,311	1,445	1,522	1,526	1,594	1,388	2,288	3,686	4,847	5,879	5,698
TTM Cash Flow to Firm	1,067	941	1,142	1,411	1,455	1,531	1,638	1,695	3,209	4,743	4,578	5,223	5,972	7,693	7,302
TTM Free Cash Flow to Firm	1,067	941	1,142	1,411	1,455	1,531	1,638	1,695	3,209	4,743	4,578	5,223	5,972	7,693	7,302

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	9.05	13.11	14.53	14.03	16.64	16.73	19.24	19.07	28.38	18.38	17.28	14.18	15.84	18.12	6.05
EV/EBIT	11.48	12.76	17.48	17.3	19.24	18.9	20.92	19.18	63.52	51.52	38.84	22.77	20.28	23.94	11.01
Enterprise Value	11,364	13,377	18,548	20,934	25,221	27,308	32,048	33,621	102,199	95,417	88,860	85,168	101,659	140,731	64,042
Low Price	12.38	14.48	19.83	27.15	34.91	42.63	51.65	61.9	68.37	74.64	93.72	87.48	99.49	131.39	58.91
EV/Sales	2.65	3.02	3.85	4.13	4.8	4.96	5.63	5.77	10.03	6.42	5.48	4.8	5.32	6.88	3.02
EV/EBITDA	8.51	9.57	12.67	12.97	14.6	14.63	16.34	14.63	31.35	18.85	16.2	12.33	12.5	15.68	7.13
Price/Earnings	17.6	17.19	23.3	23.13	29.78	24.78	22.05	23.65	88.82	77.91	50.57	25.17	26.64	37.17	10.26
Price/Earnings Average	17.67	15.31	18.59	19.72	26.66	23.48	20.26	24.71	72.8	73.18	54.24	24.79	23.69	29.93	24.06
Price/Earnings High	19.33	17.65	23.3	23.23	31.74	26.07	22.2	27.77	89.9	87.22	61.59	27.51	27.37	40.42	37.05
Price/Earnings Low	14.69	12.64	15.71	17.3	22.09	19.76	17.21	20.47	52.06	52.13	45.67	21.78	19.98	23.67	9.04
Price/Book Value	2.55	3.07	4.21	5.29	7.97	9.07	10.06	12.24	2.41	2.31	2.18	2.07	2.64	4.3	1.38
Price/Book Value Average	2.56	2.74	3.36	4.51	7.14	8.59	9.24	12.79	1.97	2.17	2.34	2.03	2.35	3.46	3.25
Price/Book Value High	2.8	3.16	4.21	5.32	8.5	9.54	10.13	14.37	2.43	2.58	2.65	2.26	2.71	4.68	5
Price/Book Value Low	2.13	2.26	2.84	3.96	5.91	7.23	7.85	10.6	1.41	1.54	1.97	1.79	1.98	2.74	1.22
Price/Tangible Book Value	-2.48	-3.46	-4	-4.45	-4.81	-4.94	-5.79	-5.06	-3.83	-3.86	-3.46	-3.46	-4.25	-5.98	-1.62
Price/Tangible Book Value Average	-2.5	-3.08	-3.19	-3.8	-4.3	-4.68	-5.33	-5.28	-3.14	-3.62	-3.71	-3.41	-3.78	-4.82	-3.79
Price/Tangible Book Value High	-2.73	-3.56	-4	-4.47	-5.12	-5.2	-5.83	-5.94	-3.88	-4.32	-4.22	-3.78	-4.36	-6.51	-5.84
Price/Tangible Book Value Low	-2.07	-2.55	-2.7	-3.33	-3.57	-3.94	-4.52	-4.38	-2.25	-2.58	-3.13	-3	-3.18	-3.81	-1.43
Price/Sales	1.94	2.37	3.14	3.44	4.04	4.19	4.82	4.82	7.79	5.03	4.16	3.59	4.28	5.69	1.68
Price/Sales Average	1.94	2.11	2.5	2.94	3.61	3.97	4.43	5.04	6.38	4.72	4.46	3.54	3.81	4.58	3.95
Price/Sales High	2.13	2.43	3.14	3.46	4.3	4.4	4.86	5.66	7.88	5.63	5.06	3.92	4.4	6.19	6.08
Price/Sales Low	1.62	1.74	2.11	2.58	2.99	3.34	3.76	4.17	4.56	3.36	3.75	3.11	3.21	3.62	1.48
Price/Cash Flow	8.79	12.72	14.53	13.34	15.75	16.1	18.53	18.09	28.38	18	16.72	13.79	15.84	17.55	5.89
Price/Cash Flow Average	8.83	11.32	11.59	11.38	14.1	15.26	17.02	18.9	23.26	16.91	17.94	13.58	14.08	14.13	13.81
Price/Cash Flow High	9.66	13.06	14.53	13.4	16.79	16.94	18.65	21.24	28.72	20.15	20.37	15.07	16.27	19.09	21.27
Price/Cash Flow Low	7.34	9.35	9.8	9.98	11.69	12.84	14.46	15.66	16.63	12.04	15.1	11.93	11.87	11.18	5.19
Price/Free Cash Flow Average	9.08	11.67	11.59	11.97	14.9	15.86	17.68	19.92	23.26	17.27	18.53	13.97	14.08	14.58	14.2
Price/Free Cash Flow High	9.94	13.46	14.53	14.09	17.74	17.6	19.37	22.38	28.72	20.58	21.05	15.5	16.27	19.7	21.87
Price/Free Cash Flow Low	7.55	9.64	9.8	10.5	12.35	13.34	15.02	16.5	16.63	12.3	15.6	12.27	11.87	11.53	5.34
EV/Sales Average	2.66	2.76	3.22	3.63	4.38	4.74	5.24	5.99	8.63	6.12	5.78	4.75	4.87	5.77	5.29
EV/Sales High	2.84	3.08	3.85	4.15	5.07	5.18	5.66	6.61	10.13	7.02	6.38	5.14	5.44	7.38	7.42
EV/Sales Low	2.33	2.39	2.83	3.27	3.76	4.11	4.57	5.12	6.81	4.76	5.07	4.32	4.29	4.81	2.82
EV/EBITDA Average	8.54	8.74	10.58	11.38	13.31	13.99	15.21	15.18	26.96	17.95	17.1	12.19	11.42	13.15	12.48
EV/EBITDA High	9.13	9.77	12.67	13.02	15.4	15.28	16.44	16.75	31.64	20.61	18.89	13.19	12.76	16.82	17.52
EV/EBITDA Low	7.49	7.58	9.31	10.25	11.43	12.13	13.27	12.99	21.28	13.97	15.01	11.09	10.07	10.97	6.66
EV/EBIT Average	11.51	11.66	14.6	15.18	17.55	18.06	19.47	19.9	54.63	49.08	40.98	22.52	18.53	20.08	19.26
EV/EBIT High	12.31	13.03	17.48	17.37	20.3	19.73	21.04	21.96	64.11	56.33	45.26	24.36	20.71	25.67	27.03
EV/EBIT Low	10.09	10.11	12.85	13.67	15.06	15.67	16.98	17.02	43.11	38.19	35.98	20.48	16.34	16.74	10.28
Last Price	14.82	19.69	29.41	36.28	47.05	53.47	66.17	71.53	116.66	111.55	103.78	101.06	132.69	206.37	66.85
High Price	16.28	20.21	29.41	36.45	50.15	56.25	66.62	83.97	118.07	124.88	126.41	110.47	136.32	224.41	241.44
Enterprise Value Average	11,399	12,224	15,494	18,367	23,003	26,101	29,822	34,878	87,898	90,888	93,752	84,211	92,931	118,033	112,069
Enterprise Value High	12,183	13,656	18,548	21,013	26,618	28,505	32,235	38,502	103,160	104,331	103,566	91,098	103,820	150,905	157,273
Enterprise Value Low	9,993	10,597	13,629	16,543	19,749	22,637	26,019	29,841	69,370	70,720	82,319	76,612	81,944	98,443	59,802

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	560	534	513	481	451	431	415	393	680	669	650	630	594	564	534
Diluted Weighted Avg Shares	577	550	513	505	476	448	431	414	680	683	672	648	616	582	549
Basic Weighted Avg Shares	560	534	513	481	451	431	415	393	680	669	650	630	616	564	534
Revenue per Share	7.65	8.31	9.38	10.54	11.66	12.77	13.72	14.84	14.98	22.2	24.96	28.15	30.99	36.27	39.69
EBITDA per Share	2.38	2.62	2.85	3.36	3.83	4.33	4.72	5.85	4.79	7.57	8.44	10.97	13.2	15.91	16.81
Operating Income per Share	1.77	1.96	2.07	2.52	2.91	3.35	3.67	3.89	2.34	2.07	3.52	5.85	7.87	10.42	10.67
Basic EPS, GAAP	0.84	1.15	1.26	1.57	1.58	2.16	3	3.02	1.31	1.43	2.05	4.02	4.98	5.55	6.52
Basic EPS from Cont Ops	0.87	1.11	1.27	1.57	1.58	2.16	2.97	3.02	1.34	1.46	2.16	4.1	5.08	5.64	6.54
Diluted EPS, GAAP	0.82	1.11	1.26	1.49	1.5	2.08	2.89	2.87	1.31	1.4	1.99	3.9	4.98	5.38	6.34
Diluted EPS from Cont Ops	0.84	1.08	1.27	1.49	1.5	2.08	2.86	2.87	1.34	1.43	2.09	3.99	5.08	5.46	6.36
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.69	1.55	2.02	2.72	2.99	3.32	3.57	3.95	4.11	6.2	6.21	7.33	8.38	11.76	11.35
Free Cash Flow per Basic Share	1.69	1.55	2.02	2.72	2.99	3.32	3.57	3.95	4.11	6.2	6.21	7.33	8.38	11.76	11.35
Cash & Equivalents per Share	0.6	0.67	0.78	0.61	0.61	0.7	0.78	1.06	1.31	1.35	1.28	1.43	2.03	2.19	1.49
Book Value per Share	5.81	6.4	6.98	6.86	5.9	5.9	6.58	5.84	48.51	48.32	47.62	48.93	50.26	47.99	48.3
Tangible Book Value per Share	-5.97	-5.68	-7.35	-8.15	-9.79	-10.82	-11.42	-14.15	-30.45	-28.92	-29.98	-29.2	-31.24	-34.5	-41.33