J.B. Hunt Transport Services, Inc. Financial Ratios — JB1

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 (%)	45.07	45.66	37.95	33.81	34.11	31.84	42.19	24.85	23.64	20.79	26.61	28.58	18.74	14.06	15.79
Return on Assets (%)	12.15	13.12	12.96	12.09	12.19	11.4	16.31	10.25	9.78	8.88	11.96	13.3	8.9	6.76	7.37
Return on Capital (%)	21.59	23.34	22.31	20.29	19.97	19.06	- -	16.86	16.37	14.52	19.12	21.57	14.7	11.28	12.45
Return on Invested Capital (%)	21.52	23.34	22.28	20.28	19.97	19.06	- -	16.92	16.42	14.57	19.2	21.64	14.65	11.24	12.46
Gross Margin (%)	12.46	13.02	13.05	13.35	14.96	14.53	13.1	12.25	12.8	11.58	12.33	13.3	13.26	12.97	13.31
EBITDA Margin (%)	14.54	15.02	14.86	15.02	17.06	16.51	14.01	12.96	13.45	12.87	13.17	13.34	13.49	13.17	13.17
Operating Margin (%)	9.81	10.49	10.33	10.24	11.57	11	8.68	7.91	8.01	7.4	8.59	8.99	7.74	6.88	7.21
Incremental Operating Margin (%)	13.17	16.28	8.78	9.44	378.98	1.45	- -	4.02	9.59	- -	13.13	10.81	17.05	21.82	- -
Pretax Margin (%)	9.18	9.98	9.91	9.81	11.15	10.61	8.28	7.44	7.43	6.91	8.22	8.65	7.29	6.28	6.62
Profit Margin (%)	5.68	6.14	6.13	6.08	6.9	6.59	9.55	5.68	5.63	5.25	6.25	6.54	5.68	4.72	4.99
Net Income to Common Margin (%)	5.68	6.14	6.13	6.08	6.9	6.59	9.55	5.68	5.63	5.25	6.25	6.54	5.68	4.72	4.99
Effective Tax Rate (%)	38.18	38.5	38.15	38.01	38.1	37.9	- -	23.6	24.17	24.02	23.9	24.35	22.1	24.84	24.66
Dvd Payout Ratio (%)	24.22	26.88	15.42	24.97	22.79	22.91	14.77	21.45	21.66	22.57	16.36	17.2	23.88	30.75	28.59
Sustainable Growth Rate (%)	34.15	33.39	32.1	25.37	26.34	24.54	35.96	19.52	18.52	16.1	22.26	23.66	14.27	9.74	11.27

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	749	685	708	934	998	986	1,086	1,149	1,296	1,305	1,301	1,262	1,576	1,478	1,467
ST Debt	50	100	250	250	- -	- -	- -	251	- -	- -	356	- -	250	500	700
LT Debt	699	585	458	684	998	986	1,086	898	1,296	1,305	945	1,262	1,326	978	767
Total Debt/EBITDA	1.14	0.9	0.85	1.01	0.95	0.91	1.08	1.03	1.05	1.05	0.81	0.64	0.91	0.93	0.93
Net Debt/EBITDA	1.13	0.9	0.85	1	0.94	0.91	1.06	1.02	1.02	0.8	0.59	0.61	0.88	0.9	0.92
Total Debt/EBIT	1.69	1.29	1.23	1.48	1.39	1.37	1.74	1.69	1.77	1.83	1.24	0.95	1.59	1.78	1.7
Net Debt/EBIT	1.67	1.28	1.22	1.47	1.39	1.36	1.72	1.68	1.72	1.39	0.9	0.91	1.53	1.72	1.68
EBITDA to Interest Expense	23.09	29.71	35.77	34.26	41.26	42.8	34.99	27.63	22.55	26.07	34.65	38.56	26.26	20.15	21.01
EBITDA-CapEx/Interest Expense	5.47	12.51	14.51	4.35	12.91	17.56	16.69	3	6.93	10.55	14.16	8.49	-1.99	9.2	11.29
EBIT to Interest Expense	15.58	20.74	24.85	23.37	27.98	28.51	21.67	16.85	13.42	14.99	22.61	25.98	15.06	10.52	11.5
Interest Expense	29	26	23	27	26	25	29	40	55	48	46	51	66	79	75
Common Equity/Total Assets	25.03	32.13	35.91	35.65	35.83	35.79	41.19	41.27	41.44	43.86	45.89	47.09	47.78	48.3	44.97
Long-Term Debt/Equity (%)	123.19	73.92	45.28	56.75	76.75	69.75	59.02	42.75	57.16	50.21	30.32	34.41	32.31	24.35	21.51
Long-Term Debt/Capital (%)	53.1	39.63	26.64	31.97	43.42	41.09	37.12	27.64	36.37	33.42	21.39	25.6	23.35	17.8	15.24
Long-Term Debt/Total Assets (%)	30.84	23.75	16.26	20.23	27.5	24.96	24.31	17.64	23.68	22.02	13.91	16.2	15.44	11.76	9.67
Total Debt/Equity (%)	132	86.55	69.97	77.5	76.75	69.75	59.02	54.68	57.16	50.21	41.74	34.41	38.41	36.81	41.14
Total Debt/Capital (%)	56.9	46.39	41.17	43.66	43.42	41.09	37.12	35.35	36.37	33.42	29.45	25.6	27.75	26.91	29.15
Total Debt/Total Assets (%)	33.04	27.81	25.13	27.63	27.5	24.96	24.31	22.57	23.68	22.02	19.15	16.2	18.35	17.78	18.5
Net Debt to Equity	131.04	85.84	69.39	77.01	76.32	69.3	58.23	54.32	55.61	38.16	30.33	32.99	37.11	35.64	40.66
Net Debt/Capital (%)	56.72	46.19	40.97	43.51	43.29	40.93	36.8	35.2	35.74	27.62	23.27	24.81	27.06	26.27	28.91
EBITDA	658	759	830	926	1,055	1,083	1,007	1,117	1,233	1,240	1,603	1,976	1,731	1,592	1,580
EBITDA-CapEx	156	320	337	117	330	444	480	121	379	502	655	435	-131	727	849
Operating Income (Loss)	444	530	577	632	716	721	624	681	734	713	1,046	1,332	993	831	865

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	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.03	0.29	0.21	0.03	0.04	0.03	0.01
Current Ratio	1.17	1.1	0.95	1.12	1.61	1.54	1.45	1.11	1.43	1.7	1.34	1.41	1.35	1.06	0.83
Quick Ratio	0.95	0.94	0.81	0.86	1.38	1.35	1.32	0.99	1.23	1.5	1.2	1.22	1.11	0.91	0.71
CFO/Avg Current Liab	1.34	1.16	0.95	0.87	1.34	1.39	1.06	0.96	0.92	1.06	0.87	1.08	1.16	0.95	0.93
Common Equity/Total Assets	25.03	32.13	35.91	35.65	35.83	35.79	41.19	41.27	41.44	43.86	45.89	47.09	47.78	48.3	44.97
Long-Term Debt/Equity (%)	123.19	73.92	45.28	56.75	76.75	69.75	59.02	42.75	57.16	50.21	30.32	34.41	32.31	24.35	21.51
Long-Term Debt/Capital (%)	53.1	39.63	26.64	31.97	43.42	41.09	37.12	27.64	36.37	33.42	21.39	25.6	23.35	17.8	15.24
Long-Term Debt/Total Assets (%)	30.84	23.75	16.26	20.23	27.5	24.96	24.31	17.64	23.68	22.02	13.91	16.2	15.44	11.76	9.67
Total Debt/Equity (%)	132	86.55	69.97	77.5	76.75	69.75	59.02	54.68	57.16	50.21	41.74	34.41	38.41	36.81	41.14
Total Debt/Capital (%)	56.9	46.39	41.17	43.66	43.42	41.09	37.12	35.35	36.37	33.42	29.45	25.6	27.75	26.91	29.15
Total Debt/Total Assets (%)	33.04	27.81	25.13	27.63	27.5	24.96	24.31	22.57	23.68	22.02	19.15	16.2	18.35	17.78	18.5
CFO/Total Liabilities	37.4	32.76	31.79	29.75	37.49	33.67	32.56	36.38	34.28	33.74	33.29	43.13	38.9	34.51	38.47
CFO/CapEx	1.27	1.25	1.16	0.8	1.2	1.34	1.62	1.09	1.29	1.52	1.29	1.15	0.94	1.71	2.3
Altman's Z-Score	5.64	6.37	6.79	6.27	5.73	6.08	6.36	5.4	5.84	6.07	7.18	6.5	5.95	5.53	5.83

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	11.87	11.52	10.8	10.09	9.68	9.57	8.63	8.74	8.88	9.02	9.25	9.76	8.96	9.45	10.06
Days Sales Outstanding	30.75	31.68	33.81	36.18	37.7	38.13	42.29	41.79	41.09	40.46	39.46	37.39	40.73	38.64	36.27
Inventory Turnover	207.1	199.87	196.94	197.92	206.64	268.29	318.22	354.35	371.01	379.47	436.88	391.38	268.85	250.92	248.06
Days Inventory Outstanding	1.76	1.83	1.85	1.84	1.77	1.36	1.15	1.03	0.98	0.96	0.84	0.93	1.36	1.45	1.47
Accounts Payable Turnover	17.88	16.97	16.98	16.93	15.78	15.45	12.72	11.56	12.18	14.32	15.69	16.37	14.49	15.21	15.99
Accounts Payable Turnover Days	20.42	21.5	21.49	21.56	23.12	23.62	28.7	31.58	29.97	25.48	23.27	22.3	25.19	24	22.83
Cash Conversion Cycle	12.09	12	14.17	16.47	16.34	15.87	14.74	11.23	12.1	15.94	17.03	16.02	16.9	16.09	14.91
Inventory to Cash Days	28.98	29.85	31.95	34.34	35.93	36.77	41.14	40.76	40.11	39.49	38.62	36.45	39.37	37.18	34.8
Inventories	21	23	26	28	23	19	21	22	21	24	25	41	42	42	42
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	21	23	26	28	23	19	21	22	21	24	25	41	42	42	42

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	5,308	6,858	9,092	9,912	8,350	10,828	12,672	10,035	12,374	14,369	21,550	18,276	20,675	17,215	18,467
- Cash & Cash Equivalents	5	6	6	6	6	6	15	8	35	313	356	52	53	47	17
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	749	685	708	934	998	986	1,086	1,149	1,296	1,305	1,301	1,262	1,576	1,478	1,467
Enterprise Value	6,051	7,538	9,794	10,840	9,342	11,808	13,743	11,176	13,635	15,361	22,495	19,486	22,197	18,645	19,916
Total Capital	1,317	1,477	1,721	2,138	2,298	2,400	2,925	3,250	3,563	3,906	4,419	4,929	5,680	5,492	5,032
Total Debt/Capital (%)	56.9	46.39	41.17	43.66	43.42	41.09	37.12	35.35	36.37	33.42	29.45	25.6	27.75	26.91	29.15
Total Debt / EV	0.12	0.09	0.07	0.09	0.11	0.08	0.08	0.1	0.1	0.08	0.06	0.06	0.07	0.08	0.07
EV/Sales	1.34	1.49	1.75	1.76	1.51	1.8	1.91	1.3	1.49	1.59	1.85	1.32	1.73	1.54	1.66
EV/EBITDA	9.19	9.93	11.8	11.71	8.85	10.91	13.64	10.01	11.06	12.38	14.04	9.86	12.82	11.71	12.61
EV/EBIT	13.62	14.22	16.98	17.16	13.05	16.38	22.03	16.41	18.58	21.54	21.52	14.63	22.35	22.43	23.02
EV/Cash Flow to Firm	9.26	13.37	16.64	16.34	10.51	13.57	- -	9.99	11.96	13.25	17.87	10.73	12.36	12.09	11.48
EV/Free Cash Flow to Firm	40.07	60.66	102.8	- -	56.96	51.02	- -	90.81	47.72	36.53	72.21	70.89	- -	27.53	19.83
Diluted Market Cap	5,534	7,004	9,259	10,071	8,553	11,028	12,821	10,193	12,652	14,520	21,857	18,546	20,921	17,591	19,070
Diluted Enterprise Value	6,278	7,684	9,962	10,999	9,546	12,008	13,892	11,335	13,913	15,512	22,803	19,756	22,444	19,022	20,520
EV per Share	51.75	64.14	83.54	92.99	81.98	106.09	125.21	102.81	128.37	145.39	214.05	187.83	215.05	185.42	210.54
TTM Sales	4,527	5,055	5,585	6,165	6,188	6,555	7,190	8,615	9,165	9,637	12,168	14,814	12,830	12,087	11,999
TTM EBITDA	658	759	830	926	1,055	1,083	1,007	1,117	1,233	1,240	1,603	1,976	1,731	1,592	1,580
TTM Operating Income	444	530	577	632	716	721	624	681	734	713	1,046	1,332	993	831	865
TTM Cash Flow to Firm	653	564	589	664	889	870	- -	1,119	1,140	1,159	1,259	1,816	1,796	1,543	1,735
TTM Free Cash Flow to Firm	151	124	95	-145	164	231	- -	123	286	420	312	275	-66	677	1,004

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	41.48	64.52	114.43	-62.25	57.72	51.12	39.06	110.57	51.8	37.78	79.1	78.56	-177.58	28.47	20.13
EV/EBIT	13.62	14.22	16.98	17.16	13.05	16.38	22.03	16.41	18.58	21.54	21.52	14.63	22.35	22.43	23.02
Enterprise Value	6,051	7,538	9,794	10,840	9,342	11,808	13,743	11,176	13,635	15,361	22,495	19,486	22,197	18,645	19,916
Low Price	35.49	43.97	60.31	69.41	70.92	63.82	83.75	91.28	84.72	77.24	133.53	154.3	164.22	153.48	124.5
EV/Sales	1.34	1.49	1.75	1.76	1.51	1.8	1.91	1.3	1.49	1.59	1.85	1.32	1.73	1.54	1.66
EV/EBITDA	9.19	9.93	11.8	11.71	8.85	10.91	13.64	10.01	11.06	12.38	14.04	9.86	12.82	11.71	12.61
Price/Earnings	20.65	22.1	26.55	26.45	19.54	25.06	18.46	20.5	23.97	28.39	28.32	18.85	28.39	30.15	30.87
Price/Earnings Average	19.53	20.73	24.77	23.63	21.63	20.99	15.68	26.09	21.32	24.86	23.49	19.12	25.85	31.4	24.24
Price/Earnings High	22.26	23.26	26.61	26.45	24.7	25.88	18.46	29.13	24.74	29.89	28.32	23.39	29.86	38.53	32.13
Price/Earnings Low	16.15	16.65	20.65	21.59	18.92	16.44	13.39	20.27	17.43	16.13	18.45	16.51	23.28	27.03	19.68
Price/Book Value	9.35	8.66	8.98	8.23	6.42	7.66	6.89	4.78	5.46	5.53	6.91	4.98	5.04	4.29	5.18
Price/Book Value Average	8.85	8.13	8.38	7.35	7.11	6.41	5.85	6.08	4.86	4.84	5.73	5.05	4.59	4.47	4.07
Price/Book Value High	10.08	9.12	9	8.23	8.11	7.91	6.89	6.79	5.64	5.82	6.91	6.18	5.3	5.48	5.39
Price/Book Value Low	7.31	6.53	6.98	6.72	6.21	5.02	5	4.72	3.97	3.14	4.5	4.37	4.13	3.84	3.3
Price/Tangible Book Value	9.35	8.66	8.98	8.23	6.42	7.67	7.34	5.03	5.99	6.02	7.36	5.33	5.39	4.55	5.5
Price/Tangible Book Value Average	8.85	8.13	8.38	7.35	7.11	6.42	6.23	6.4	5.33	5.27	6.11	5.4	4.91	4.74	4.32
Price/Tangible Book Value High	10.08	9.12	9	8.23	8.11	7.92	7.34	7.14	6.19	6.33	7.36	6.61	5.67	5.81	5.73
Price/Tangible Book Value Low	7.31	6.53	6.98	6.72	6.21	5.03	5.33	4.97	4.36	3.42	4.8	4.67	4.42	4.08	3.51
Price/Sales	1.17	1.36	1.63	1.61	1.35	1.65	1.76	1.16	1.35	1.49	1.77	1.23	1.61	1.42	1.54
Price/Sales Average	1.11	1.27	1.52	1.44	1.49	1.38	1.5	1.48	1.2	1.31	1.47	1.25	1.47	1.48	1.21
Price/Sales High	1.26	1.43	1.63	1.61	1.71	1.71	1.76	1.66	1.39	1.57	1.77	1.53	1.7	1.82	1.6
Price/Sales Low	0.92	1.02	1.27	1.31	1.31	1.08	1.28	1.15	0.98	0.85	1.15	1.08	1.32	1.28	0.98
Price/Cash Flow	8.35	12.51	15.83	15.33	9.56	12.68	14.82	9.22	11.27	12.8	17.61	10.29	11.85	11.61	11
Price/Cash Flow Average	7.9	11.74	14.77	13.69	10.58	10.62	12.58	11.74	10.02	11.2	14.6	10.43	10.79	12.09	8.64
Price/Cash Flow High	9	13.17	15.86	15.33	12.08	13.09	14.82	13.11	11.63	13.47	17.61	12.76	12.47	14.83	11.46
Price/Cash Flow Low	6.53	9.43	12.31	12.51	9.25	8.32	10.75	9.12	8.19	7.27	11.47	9.01	9.72	10.41	7.02
Price/Free Cash Flow Average	39.24	60.54	106.75	-55.61	63.87	42.82	33.16	140.74	46.08	33.07	65.58	79.66	-161.72	29.65	15.8
Price/Free Cash Flow High	44.71	67.91	114.68	-62.25	72.94	52.8	39.06	157.13	53.48	39.78	79.1	97.47	-186.79	36.38	20.95
Price/Free Cash Flow Low	32.43	48.62	89	-50.81	55.87	33.54	28.34	109.33	37.67	21.46	51.51	68.81	-145.6	25.53	12.83
EV/Sales Average	1.27	1.41	1.64	1.59	1.65	1.53	1.65	1.62	1.34	1.41	1.55	1.33	1.59	1.6	1.33
EV/Sales High	1.43	1.56	1.76	1.76	1.87	1.86	1.91	1.79	1.53	1.67	1.85	1.61	1.81	1.94	1.72
EV/Sales Low	1.08	1.16	1.39	1.46	1.47	1.23	1.43	1.28	1.12	0.95	1.23	1.16	1.44	1.4	1.1
EV/EBITDA Average	8.76	9.37	11.06	10.56	9.7	9.28	11.74	12.46	9.95	10.94	11.74	9.99	11.76	12.16	10.1
EV/EBITDA High	9.82	10.4	11.82	11.71	10.94	11.23	13.64	13.79	11.38	12.99	14.04	12.09	13.44	14.71	13.09
EV/EBITDA Low	7.43	7.7	9.37	9.74	8.6	7.47	10.19	9.91	8.32	7.38	9.35	8.71	10.67	10.59	8.37
EV/EBIT Average	12.98	13.42	15.93	15.49	14.3	13.94	18.96	20.43	16.72	19.03	17.99	14.83	20.49	23.29	18.44
EV/EBIT High	14.55	14.9	17.02	17.16	16.13	16.87	22.03	22.62	19.13	22.6	21.52	17.94	23.43	28.18	23.9
EV/EBIT Low	11.02	11.03	13.48	14.28	12.68	11.21	16.45	16.25	13.98	12.84	14.33	12.93	18.6	20.29	15.29
Last Price	45.39	58.35	77.55	85.03	73.28	97.28	115.46	92.31	116.5	136	205.05	176.16	200.3	171.2	195.22
High Price	48.92	61.42	77.72	85.03	92.6	100.46	115.46	131.18	120.28	143.18	205.05	218.57	210.68	218.74	203.24
Enterprise Value Average	5,764	7,114	9,184	9,782	10,232	10,049	11,829	13,915	12,268	13,570	18,814	19,743	20,350	19,357	15,950
Enterprise Value High	6,464	7,898	9,814	10,840	11,544	12,162	13,743	15,402	14,036	16,119	22,495	23,885	23,269	23,426	20,675
Enterprise Value Low	4,893	5,848	7,774	9,019	9,074	8,083	10,263	11,064	10,259	9,153	14,979	17,218	18,474	16,864	13,226

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	117	118	117	117	114	111	110	109	106	106	105	104	103	101	95
Diluted Weighted Avg Shares	122	120	119	118	117	113	111	110	109	107	107	105	104	103	98
Basic Weighted Avg Shares	117	118	117	117	114	111	110	109	106	106	105	104	103	101	95
Revenue per Share	38.71	43.01	47.63	52.89	54.3	58.9	65.51	79.25	86.29	91.21	115.79	142.79	124.29	120.2	126.85
EBITDA per Share	5.63	6.46	7.08	7.94	9.26	9.73	9.18	10.27	11.61	11.74	15.25	19.05	16.77	15.84	16.7
Operating Income per Share	3.8	4.51	4.92	5.42	6.28	6.48	5.68	6.26	6.91	6.75	9.95	12.84	9.62	8.27	9.15
Basic EPS, GAAP	2.2	2.64	2.92	3.22	3.75	3.88	6.25	4.5	4.86	4.79	7.24	9.34	7.06	5.68	6.32
Basic EPS from Cont Ops	2.2	2.64	2.92	3.22	3.75	3.88	6.25	4.5	4.86	4.79	7.24	9.34	7.06	5.68	6.32
Diluted EPS, GAAP	2.11	2.59	2.87	3.16	3.66	3.81	6.18	4.43	4.75	4.74	7.14	9.21	6.97	5.56	6.12
Diluted EPS from Cont Ops	2.11	2.59	2.87	3.16	3.66	3.81	6.18	4.43	4.75	4.74	7.14	9.21	6.97	5.56	6.12
Dividend per Share	0.53	0.71	0.45	0.8	0.85	0.89	0.92	0.97	1.05	1.08	1.18	1.61	1.68	1.75	1.81
Cash Flow per Share	5.44	4.66	4.9	5.55	7.66	7.67	7.79	10.01	10.34	10.63	11.65	17.13	16.9	14.75	17.74
Free Cash Flow per Basic Share	1.14	0.92	0.69	-1.39	1.3	1.94	2.99	0.85	2.3	3.64	2.63	2.28	-1.14	6.14	10.02
Cash & Equivalents per Share	0.05	0.05	0.05	0.05	0.05	0.06	0.13	0.07	0.33	2.97	3.38	0.5	0.52	0.47	0.18
Book Value per Share	4.85	6.74	8.64	10.33	11.41	12.7	16.76	19.33	21.34	24.61	29.67	35.34	39.76	39.92	37.69
Tangible Book Value per Share	4.85	6.74	8.64	10.33	11.41	12.68	15.72	18.36	19.43	22.6	27.85	33.07	37.16	37.63	35.46