IDEXX Laboratories, Inc. Financial Ratios — IX1 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 (%)	29.05	30.32	32.54	57.23	- -	- -	- -	- -	- -	143.73	112.68	104.58	80.74	57.66	66.2
Return on Assets (%)	16.78	16.7	16.09	13.91	13.44	14.77	16.22	23.2	25.39	28.19	31.48	26.2	28.14	27.1	31.89
Return on Capital (%)	22	22.1	21.33	19.69	20.22	22.38	25.07	36.9	40.47	42.34	45.84	37.4	37.93	35.56	42.24
Return on Invested Capital (%)	21.66	21.6	20.88	19.2	19.71	21.82	24.31	36.05	39.57	41.44	44.85	36.61	36.8	34.32	41.13
Gross Margin (%)	53.05	54.06	54.91	54.93	55.58	54.94	55.73	56.1	56.73	58.04	58.76	59.52	59.82	61.04	61.8
EBITDA Margin (%)	23.34	24.35	23.34	21.48	23.03	24.13	25.2	25.96	26.63	29.21	32.24	30.01	33.11	32.28	34.97
Operating Margin (%)	19.38	20.3	19.37	17.52	19.24	19.73	20.98	22.2	22.97	25.66	28.99	26.69	29.97	28.95	31.6
Incremental Operating Margin (%)	28.05	35.28	5.02	- -	41.24	24.27	32.43	32.07	31.76	47.27	46.69	- -	67.56	13.19	57.04
Pretax Margin (%)	19.24	20.15	19.12	16.59	17.05	18.13	19.35	20.68	21.7	24.46	28.07	25.54	28.99	28.48	30.77
Profit Margin (%)	13.28	13.78	13.64	12.24	11.99	12.51	13.36	17.04	17.77	21.49	23.17	20.17	23.08	22.78	24.62
Net Income to Common Margin (%)	13.28	13.78	13.64	12.24	11.99	12.51	13.36	17.04	17.77	21.49	23.17	20.17	23.08	22.78	24.62
Effective Tax Rate (%)	31	31.59	28.67	26.2	29.66	31.01	30.91	17.63	18.08	12.06	17.48	21.03	20.37	20	19.99
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	29.05	30.32	32.54	57.23	- -	- -	- -	- -	- -	143.73	112.68	104.58	80.74	57.66	66.2

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	246	215	428	899	1,170	1,204	1,261	1,000	1,070	1,003	1,031	1,470	1,067	987	976
ST Debt	244	213	278	549	573	611	655	399	304	68	168	674	345	439	500
LT Debt	3	1	150	350	597	593	606	601	766	936	863	796	723	548	476
Total Debt/EBITDA	0.87	0.68	1.33	2.82	3.17	2.81	2.54	1.74	1.67	1.27	0.99	1.45	0.88	0.78	0.65
Net Debt/EBITDA	0.22	-0.03	0.46	1.81	2.82	2.45	2.16	1.53	1.4	0.66	0.75	1.22	0.41	0.46	0.44
Total Debt/EBIT	1.04	0.82	1.61	3.45	3.9	3.44	3.05	2.04	1.94	1.44	1.11	1.64	0.97	0.87	0.72
Net Debt/EBIT	0.26	-0.04	0.56	2.21	3.47	3	2.6	1.78	1.62	0.76	0.84	1.38	0.45	0.51	0.49
EBITDA to Interest Expense	80.19	81.85	59.67	20.68	12.62	13.37	13.33	16.54	20.64	23.86	34.78	25.36	29.15	40.32	38.74
EBITDA-CapEx/Interest Expense	65.9	66.65	45.07	16.75	9.78	11.35	11.27	13	15.64	20.61	30.77	21.37	25.94	36.13	35.18
EBIT to Interest Expense	66.6	68.23	49.53	16.87	10.54	10.93	11.1	14.14	17.8	20.97	31.27	22.55	26.39	36.16	35.01
Interest Expense	4	4	5	15	29	32	37	35	31	33	30	40	42	31	39
Common Equity/Total Assets	52.34	57.65	42.11	8.49	-5.7	-7.08	-3.16	-0.62	9.68	27.55	28.31	22.16	45.54	48.44	47.91
Long-Term Debt/Equity (%)	0.46	0.22	29.01	297.65	- -	- -	- -	- -	430.98	147.84	125.01	130.7	48.67	34.33	29.65
Long-Term Debt/Capital (%)	0.32	0.16	15.88	34.43	54.98	54.12	50.2	60.68	61.4	57.18	50.12	38.27	28.31	21.21	18.44
Long-Term Debt/Total Assets (%)	0.24	0.13	12.22	25.29	40.48	38.75	35.37	39.12	41.82	40.77	35.39	28.97	22.16	16.63	14.21
Total Debt/Equity (%)	45.67	33.71	82.67	764.53	-1,393.04	-1,112.72	-2,342.18	-10,833.8	601.96	158.54	149.42	241.49	71.9	61.87	60.8
Total Debt/Capital (%)	31.35	25.21	45.26	88.43	107.73	109.87	104.46	100.93	85.75	61.32	59.91	70.72	41.83	38.22	37.81
Total Debt/Total Assets (%)	23.91	19.44	34.81	64.95	79.33	78.66	73.6	65.07	58.41	43.72	42.3	53.52	32.74	29.97	29.13
Net Debt to Equity	11.59	-1.49	28.82	490.24	-1,239.47	-969.58	-1,993.61	-9,493.03	504.62	82.89	112.94	203.01	33.27	36.31	41.6
Net Debt/Capital (%)	10.38	-1.51	22.37	83.06	108.78	111.5	105.28	101.06	77.5	41.89	49.43	62.85	23.54	25.25	27.81
EBITDA	284	315	321	319	369	428	496	575	641	791	1,037	1,011	1,212	1,258	1,505
EBITDA-CapEx	234	256	243	258	286	364	419	452	486	683	917	852	1,078	1,127	1,367
Operating Income (Loss)	236	263	267	260	308	350	413	491	553	695	932	899	1,097	1,128	1,360

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	0.42	0.55	0.58	0.39	0.4	0.42	0.47	0.16	0.12	0.66	0.19	0.09	0.48	0.27	0.16
Current Ratio	1.2	1.4	1.36	0.93	0.96	0.9	0.97	0.85	0.94	1.82	1.25	0.89	1.57	1.31	1.23
Quick Ratio	0.74	0.89	0.94	0.61	0.63	0.67	0.74	0.51	0.55	1.3	0.75	0.49	1.03	0.8	0.76
CFO/Avg Current Liab	0.6	0.53	0.56	0.36	0.26	0.38	0.38	0.45	0.61	0.99	1.12	0.54	0.83	0.92	1.07
Common Equity/Total Assets	52.34	57.65	42.11	8.49	-5.7	-7.08	-3.16	-0.62	9.68	27.55	28.31	22.16	45.54	48.44	47.91
Long-Term Debt/Equity (%)	0.46	0.22	29.01	297.65	- -	- -	- -	- -	430.98	147.84	125.01	130.7	48.67	34.33	29.65
Long-Term Debt/Capital (%)	0.32	0.16	15.88	34.43	54.98	54.12	50.2	60.68	61.4	57.18	50.12	38.27	28.31	21.21	18.44
Long-Term Debt/Total Assets (%)	0.24	0.13	12.22	25.29	40.48	38.75	35.37	39.12	41.82	40.77	35.39	28.97	22.16	16.63	14.21
Total Debt/Equity (%)	45.67	33.71	82.67	764.53	-1,393.04	-1,112.72	-2,342.18	-10,833.8	601.96	158.54	149.42	241.49	71.9	61.87	60.8
Total Debt/Capital (%)	31.35	25.21	45.26	88.43	107.73	109.87	104.46	100.93	85.75	61.32	59.91	70.72	41.83	38.22	37.81
Total Debt/Total Assets (%)	23.91	19.44	34.81	64.95	79.33	78.66	73.6	65.07	58.41	43.72	42.3	53.52	32.74	29.97	29.13
CFO/Total Liabilities	44.36	47.59	34.54	18.62	14.23	20.68	21.12	25.87	27.75	39	43.24	25.4	51.06	54.71	67.71
CFO/CapEx	4.3	3.8	3.13	3.89	2.67	5.23	4.87	3.25	2.96	6.01	6.32	3.42	6.78	7.1	8.55
Altman's Z-Score	9.91	11.31	9.25	7.44	5	6.53	7.72	10.53	12.34	19.56	24.38	14.42	20.58	17.43	25.12

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	9.33	9.25	9.29	9.57	9.4	9.04	8.97	9.16	9.29	9.01	9.19	8.76	8.53	8.37	8.39
Days Sales Outstanding	39.14	39.45	39.28	38.13	38.81	40.38	40.7	39.86	39.29	40.51	39.72	41.68	42.77	43.59	43.51
Inventory Turnover	4.38	4.34	4.53	4.56	4.08	4.61	5.41	5.76	5.65	5.61	5.54	4.28	3.93	3.98	4.33
Days Inventory Outstanding	83.24	84.17	80.64	80.06	89.55	79.13	67.49	63.41	64.55	65.07	65.92	85.27	92.81	91.59	84.32
Accounts Payable Turnover	19.5	16.76	18.81	18.65	15.2	13.65	13.82	14.37	15	15.68	14.53	12.92	13.43	13.52	14.6
Accounts Payable Turnover Days	18.72	21.78	19.41	19.57	24.02	26.74	26.4	25.4	24.33	23.28	25.13	28.26	27.17	26.99	25
Cash Conversion Cycle	103.66	101.85	100.51	98.62	104.35	92.77	81.78	77.87	79.51	82.3	80.51	98.69	108.42	108.2	102.83
Inventory to Cash Days	-44.1	-44.72	-41.36	-41.93	-50.73	-38.75	-26.79	-23.55	-25.26	-24.56	-26.2	-43.6	-50.04	-48	-40.81
Inventories	133	141	133	160	189	158	164	173	195	210	269	368	380	382	378
Raw Materials	28	27	24	27	31	28	33	32	41	46	60	93	106	104	96
Work In Process	15	16	14	17	19	15	18	17	20	20	26	28	29	32	33
Finished Goods	90	98	95	117	139	115	114	124	134	144	182	247	245	246	249
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	4,293	5,046	5,519	7,116	6,672	10,362	13,879	16,405	22,510	42,241	55,391	33,924	45,993	33,547	54,490
- Cash & Cash Equivalents	184	224	279	323	129	155	188	124	90	384	144	113	454	288	180
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -
+ Total Debt	246	215	428	899	1,170	1,204	1,261	1,000	1,070	1,003	1,031	1,470	1,067	987	976
Enterprise Value	4,356	5,036	5,668	7,693	7,500	11,175	14,668	17,282	23,490	42,861	56,278	35,282	46,607	34,246	55,286
Total Capital	786	851	947	1,017	1,086	1,096	1,207	991	1,248	1,636	1,721	2,079	2,552	2,582	2,581
Total Debt/Capital (%)	31.35	25.21	45.26	88.43	107.73	109.87	104.46	100.93	85.75	61.32	59.91	70.72	41.83	38.22	37.81
Total Debt / EV	0.06	0.04	0.08	0.12	0.16	0.11	0.09	0.06	0.05	0.02	0.02	0.04	0.02	0.03	0.02
EV/Sales	3.57	3.89	4.12	5.18	4.68	6.29	7.45	7.81	9.76	15.84	17.5	10.48	12.73	8.79	12.85
EV/EBITDA	15.31	15.99	17.64	24.11	20.33	26.08	29.56	30.08	36.65	54.22	54.29	34.91	38.45	27.22	36.73
EV/EBIT	18.44	19.18	21.25	29.56	25.01	31.91	35.51	35.17	42.49	61.71	60.38	39.26	42.48	30.35	40.65
EV/Cash Flow to Firm	19.77	22.38	22.69	31.12	30.94	30.95	36.76	40.31	48.47	63.29	72.14	61.42	49.6	35.9	45.58
EV/Free Cash Flow to Firm	25.67	30.24	33.11	41.24	47.04	37.72	45.51	56.52	71.32	75.28	85.19	84.89	57.83	41.61	51.44
Diluted Market Cap	4,536	5,198	5,781	7,624	6,943	10,705	14,271	16,857	23,055	42,870	56,708	34,623	46,517	34,222	55,388
Diluted Enterprise Value	4,598	5,189	5,930	8,200	7,771	11,518	15,061	17,733	24,035	43,490	57,594	35,980	47,131	34,921	56,184
EV per Share	39.52	46.2	54.99	81.2	83.34	127.02	168.4	200.72	274.83	501.6	665.52	425.63	561.31	419.66	693.57
TTM Sales	1,219	1,293	1,377	1,486	1,602	1,775	1,969	2,213	2,407	2,707	3,215	3,367	3,661	3,898	4,304
TTM EBITDA	284	315	321	319	369	428	496	575	641	791	1,037	1,011	1,212	1,258	1,505
TTM Operating Income	236	263	267	260	308	350	413	491	553	695	932	899	1,097	1,128	1,360
TTM Cash Flow to Firm	220	225	250	247	242	361	399	429	485	677	780	574	940	954	1,213
TTM Free Cash Flow to Firm	170	167	171	187	159	296	322	306	329	569	661	416	806	823	1,075

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	27.12	31.72	34.54	43.53	49.99	39.05	48.12	60.82	75.86	79.36	89.16	90.13	60.19	42.88	53.07
EV/EBIT	18.44	19.18	21.25	29.56	25.01	31.91	35.51	35.17	42.49	61.71	60.38	39.26	42.48	30.35	40.65
Enterprise Value	4,356	5,036	5,668	7,693	7,500	11,175	14,668	17,282	23,490	42,861	56,278	35,282	46,607	34,246	55,286
Low Price	33.09	38.26	41.4	52.07	61.55	64.5	114.9	156.82	178.4	170.69	462.96	319.12	369.21	404.36	356.19
EV/Sales	3.57	3.89	4.12	5.18	4.68	6.29	7.45	7.81	9.76	15.84	17.5	10.48	12.73	8.79	12.85
EV/EBITDA	15.31	15.99	17.64	24.11	20.33	26.08	29.56	30.08	36.65	54.22	54.29	34.91	38.45	27.22	36.73
Price/Earnings	27.35	28.55	30.31	41.33	35.74	47.6	53.14	43.9	53.02	72.52	74.93	50.4	54.45	38.18	51.89
Price/Earnings Average	26.47	27.79	27.06	35.21	34.79	37.75	51.29	48.17	50	50.03	67.24	51.73	47.12	45.74	41.71
Price/Earnings High	30.13	30.91	30.81	42.24	40.47	49.08	58.5	59.05	58.69	73.63	80.69	81.17	55.61	54.02	58.62
Price/Earnings Low	23.23	23.6	23.44	28.65	29.67	26.07	38.32	36.13	35.92	25.04	52.96	39.3	36.29	37.56	27.04
Price/Book Value	7.96	7.93	10.65	60.56	-79.31	-95.64	-256.51	-1,724.48	126.83	66.83	80.28	55.73	30.98	21.03	33.94
Price/Book Value Average	7.7	7.72	9.51	51.58	-77.2	-75.85	-247.55	-1,892.45	119.6	46.11	72.04	57.2	26.81	25.19	27.28
Price/Book Value High	8.77	8.59	10.83	61.89	-89.81	-98.61	-282.35	-2,319.94	140.39	67.86	86.45	89.77	31.64	29.75	38.34
Price/Book Value Low	6.76	6.56	8.24	41.98	-65.85	-52.37	-184.97	-1,419.3	85.92	23.07	56.74	43.46	20.65	20.68	17.69
Price/Tangible Book Value	14.42	12.67	19.79	-53.89	-20.92	-31.14	-46.6	-61.71	-186.46	125.64	239.15	227.27	44.48	31.1	50.38
Price/Tangible Book Value Average	13.96	12.33	17.67	-45.9	-20.36	-24.7	-44.97	-67.72	-175.82	86.69	214.61	233.28	38.49	37.26	40.49
Price/Tangible Book Value High	15.88	13.71	20.12	-55.07	-23.69	-32.11	-51.29	-83.02	-206.39	127.58	257.56	366.08	45.43	44	56.91
Price/Tangible Book Value Low	12.25	10.47	15.3	-37.36	-17.37	-17.05	-33.6	-50.79	-126.31	43.38	169.03	177.22	29.65	30.59	26.25
Price/Sales	3.63	3.94	4.13	5.06	4.29	5.95	7.1	7.48	9.42	15.59	17.36	10.16	12.57	8.7	12.77
Price/Sales Average	3.51	3.83	3.69	4.31	4.17	4.72	6.85	8.21	8.88	10.75	15.58	10.43	10.88	10.42	10.27
Price/Sales High	4	4.26	4.2	5.17	4.85	6.14	7.82	10.06	10.43	15.83	18.69	16.37	12.84	12.31	14.43
Price/Sales Low	3.08	3.25	3.2	3.51	3.56	3.26	5.12	6.15	6.38	5.38	12.27	7.92	8.38	8.56	6.66
Price/Cash Flow	20.31	22.89	23.14	31.88	30.95	31.18	37.46	41.37	49.39	65.1	73.87	63.03	50.76	36.49	46.52
Price/Cash Flow Average	19.65	22.27	20.66	27.15	30.13	24.73	36.16	45.4	46.57	44.92	66.28	64.7	43.92	43.72	37.39
Price/Cash Flow High	22.37	24.78	23.52	32.58	35.05	32.15	41.24	55.65	54.67	66.1	79.55	101.52	51.84	51.63	52.55
Price/Cash Flow Low	17.25	18.92	17.89	22.1	25.7	17.08	27.02	34.05	33.46	22.48	52.21	49.15	33.83	35.89	24.24
Price/Free Cash Flow Average	26.25	30.87	30.84	37.08	48.66	30.97	46.44	66.75	71.53	54.76	80.01	92.51	52.08	51.37	42.66
Price/Free Cash Flow High	29.88	34.34	35.11	44.49	56.61	40.26	52.97	81.82	83.96	80.58	96.02	145.18	61.47	60.66	59.96
Price/Free Cash Flow Low	23.04	26.22	26.71	30.17	41.5	21.38	34.7	50.06	51.39	27.4	63.02	70.28	40.12	42.18	27.65
EV/Sales Average	3.46	3.79	3.69	4.47	4.57	5.09	7.2	8.53	9.23	11	15.73	10.74	11.04	10.49	10.36
EV/Sales High	3.93	4.22	4.18	5.28	5.23	6.48	8.16	10.37	10.76	16.08	18.83	16.63	13	12.36	14.49
EV/Sales Low	3.04	3.22	3.21	3.71	3.97	3.65	5.48	6.5	6.74	5.62	12.45	8.26	8.54	8.65	6.78
EV/EBITDA Average	14.83	15.56	15.8	20.8	19.85	21.08	28.59	32.86	34.65	37.65	48.8	35.8	33.34	32.5	29.63
EV/EBITDA High	16.85	17.31	17.92	24.6	22.72	26.83	32.38	39.94	40.41	55.04	58.4	55.41	39.26	38.27	41.42
EV/EBITDA Low	13.04	13.21	13.74	17.26	17.26	15.14	21.76	25.03	25.32	19.23	38.62	27.52	25.8	26.78	19.39
EV/EBIT Average	17.86	18.67	19.03	25.51	24.42	25.79	34.34	38.43	40.17	42.86	54.28	40.25	36.83	36.24	32.79
EV/EBIT High	20.29	20.77	21.59	30.16	27.95	32.83	38.9	46.7	46.84	62.65	64.95	62.31	43.38	42.68	45.84
EV/EBIT Low	15.7	15.85	16.56	21.17	21.23	18.52	26.14	29.26	29.35	21.89	42.95	30.94	28.5	29.86	21.46
Last Price	38.96	46.28	53.54	75.11	74.14	117.79	159.34	190.53	263.36	494.34	655.04	409.25	553.92	411.1	683.59
High Price	42.92	50.11	54.43	76.76	83.95	121.45	175.39	256.33	291.51	501.95	705.44	659.21	565.74	581.57	772.21
Enterprise Value Average	4,218	4,901	5,077	6,638	7,322	9,031	14,183	18,880	22,206	29,764	50,592	36,180	40,412	40,888	44,593
Enterprise Value High	4,792	5,454	5,760	7,849	8,382	11,497	16,066	22,946	25,896	43,511	60,540	56,002	47,588	48,157	62,350
Enterprise Value Low	3,710	4,162	4,417	5,510	6,367	6,487	10,798	14,379	16,229	15,205	40,035	27,811	31,270	33,696	29,188

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	110	109	103	95	90	88	87	86	85	85	85	83	83	82	80
Diluted Weighted Avg Shares	116	112	108	102	94	91	90	88	88	87	87	85	84	83	81
Basic Weighted Avg Shares	114	110	106	100	93	90	88	87	86	85	85	84	83	82	80
Revenue per Share	10.73	11.76	12.95	14.84	17.3	19.79	22.43	25.48	27.95	31.72	37.74	40.27	44.07	47.26	53.51
EBITDA per Share	2.5	2.86	3.02	3.19	3.98	4.77	5.65	6.61	7.44	9.26	12.17	12.09	14.59	15.26	18.72
Operating Income per Share	2.08	2.39	2.51	2.6	3.33	3.9	4.71	5.66	6.42	8.14	10.94	10.75	13.21	13.68	16.91
Basic EPS, GAAP	1.42	1.62	1.77	1.82	2.07	2.47	3	4.34	4.97	6.82	8.74	8.12	10.17	10.77	13.17
Basic EPS from Cont Ops	1.42	1.62	1.77	1.82	2.07	2.47	3	4.34	4.97	6.82	8.74	8.12	10.17	10.77	13.17
Diluted EPS, GAAP	1.39	1.59	1.74	1.79	2.05	2.44	2.94	4.26	4.89	6.71	8.6	8.03	10.06	10.67	13.08
Diluted EPS from Cont Ops	1.39	1.59	1.74	1.79	2.05	2.44	2.94	4.26	4.89	6.71	8.6	8.03	10.06	10.67	13.08
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.92	2.02	2.31	2.36	2.4	3.78	4.25	4.61	5.33	7.59	8.87	6.49	10.91	11.27	14.69
Free Cash Flow per Basic Share	1.47	1.49	1.57	1.75	1.5	3.06	3.38	3.19	3.53	6.33	7.46	4.59	9.3	9.68	12.98
Cash & Equivalents per Share	1.67	2.05	2.71	3.4	3.81	4.45	5.42	1.44	1.06	4.49	1.71	1.36	5.47	3.53	2.26
Book Value per Share	4.9	5.84	5.03	1.24	-0.93	-1.23	-0.62	-0.11	2.08	7.4	8.16	7.34	17.88	19.55	20.14
Tangible Book Value per Share	2.7	3.65	2.7	-1.39	-3.54	-3.78	-3.42	-3.09	-1.41	3.93	2.74	1.8	12.45	13.22	13.57