Mastercard Incorporated Financial Ratios — M4I 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 (%)	34.43	43.16	43.27	50.68	59.42	69.48	70.39	107.87	143.83	104.38	126.79	145.92	169.27	191.95	210.49
Return on Assets (%)	19.52	23.83	23.34	24.46	24.12	23.24	19.57	25.37	30.01	20.41	24.38	26	27.58	28.44	29.28
Return on Capital (%)	34.71	43.32	43.34	46.18	43.69	40.88	36.67	52.69	63.06	39.9	44.69	49.52	54.17	56.6	60.4
Return on Invested Capital (%)	33.68	42.55	42.68	45.42	43.59	40.41	35.79	51.13	60.1	38.99	41.4	49.05	52.45	54.39	57.61
Gross Margin (%)	78.36	78.83	79.08	78.14	78.22	79.35	78.5	78.5	79.05	75.25	76.23	76.33	76.01	76.31	77.89
EBITDA Margin (%)	43.3	56.38	57.28	57.48	56.32	56.92	56.49	51.78	60.33	56.6	57.23	58.52	59	58.5	61.11
Operating Margin (%)	51.68	53.9	55.34	53.77	52.31	54.86	53.96	56.01	57.43	53.35	54.16	57.21	58.29	57.96	59.51
Incremental Operating Margin (%)	60.85	75.92	66.88	42.16	- -	77.1	48.29	66.49	68.39	96.9	57.61	74.41	66.69	55.29	68.92
Pretax Margin (%)	40.93	53.21	54.14	53.8	51.29	52.39	52.19	48.19	57.64	50.72	54.58	52.76	54.34	54.16	56.66
Profit Margin (%)	28.39	37.33	37.49	38.31	39.39	37.67	31.33	39.19	48.08	41.9	46	44.66	44.61	45.71	45.65
Net Income to Common Margin (%)	28.39	37.33	37.49	38.31	39.39	37.67	31.33	39.19	48.08	41.9	46	44.66	44.61	45.71	45.65
Effective Tax Rate (%)	30.64	29.85	30.76	28.79	23.19	28.11	39.97	18.67	16.58	17.38	15.72	15.36	17.92	15.6	19.43
Dvd Payout Ratio (%)	4.04	4.79	8.18	14.24	19.09	20.62	24.06	17.82	16.57	25.04	20.04	19.16	19.28	19.02	18.41
Sustainable Growth Rate (%)	33.03	41.09	39.73	43.46	48.07	55.15	53.45	88.65	120	78.25	101.38	117.96	136.64	155.45	171.73

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	- -	- -	- -	1,494	3,268	5,180	5,424	6,334	8,527	12,672	13,901	14,023	15,681	18,226	19,000
ST Debt	- -	- -	- -	- -	- -	- -	- -	500	- -	649	792	274	1,337	750	749
LT Debt	- -	- -	- -	1,494	3,268	5,180	5,424	5,834	8,527	12,023	13,109	13,749	14,344	17,476	18,251
Total Debt/EBITDA	- -	- -	- -	0.28	0.6	0.84	0.77	0.82	0.84	1.46	1.29	1.08	1.06	1.11	0.95
Net Debt/EBITDA	-1.28	-0.49	-0.76	-0.67	-0.46	-0.25	-0.07	-0.04	0.15	0.3	0.6	0.54	0.48	0.59	0.42
Total Debt/EBIT	- -	- -	- -	0.29	0.64	0.9	0.82	0.87	0.88	1.57	1.38	1.14	1.12	1.17	1.01
Net Debt/EBIT	-1.38	-0.52	-0.8	-0.71	-0.49	-0.27	-0.08	-0.05	0.16	0.32	0.64	0.57	0.51	0.63	0.45
EBITDA to Interest Expense	116.28	208.35	340.07	113.06	89.25	64.57	45.84	41.62	45.47	22.79	25.08	27.63	25.75	25.51	27.76
EBITDA-CapEx/Interest Expense	109.2	203.55	329	109.42	86.34	62.31	43.89	39.84	43.59	21.9	24.13	26.69	25.11	24.78	27.08
EBIT to Interest Expense	138.8	199.2	328.57	105.75	82.9	62.23	43.79	45.02	43.29	21.48	23.73	27.01	25.44	25.27	27.03
Interest Expense	25	20	14	48	61	95	154	186	224	380	431	471	575	646	722
Common Equity/Total Assets	54.88	55.5	52.55	44.3	37.1	30.29	25.64	21.7	20.16	19.03	19.41	16.26	16.32	13.49	14.29
Long-Term Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	106.29	142.33	184.49	176.86	215.6	205	268.24	235.62
Long-Term Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	49.34	58.73	62.66	61.51	67.4	63.25	70.64	68.24
Long-Term Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	23.47	29.17	35.8	34.8	35.51	33.79	36.35	33.7
Total Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	115.39	142.33	194.45	187.55	219.9	224.11	279.75	245.29
Total Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	53.57	58.73	66.04	65.22	68.74	69.15	73.67	71.04
Total Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	25.48	29.17	37.73	36.9	36.21	36.94	37.91	35.08
Net Debt to Equity	-63.54	-29.61	-48.02	-53.39	-40.89	-27.11	-9.14	-6.34	25.69	39.27	87.43	110	101.37	150.18	108.88
Net Debt/Capital (%)	-174.24	-42.08	-92.38	-114.52	-69.19	-37.2	-10.06	-6.77	20.44	28.2	46.65	52.38	50.34	60.03	52.13
EBITDA	2,907	4,167	4,761	5,427	5,444	6,134	7,059	7,741	10,186	8,661	10,808	13,014	14,807	16,479	20,040
EBITDA-CapEx	2,730	4,071	4,606	5,252	5,267	5,919	6,759	7,411	9,764	8,322	10,401	12,572	14,436	16,005	19,551
Operating Income (Loss)	3,470	3,984	4,600	5,076	5,057	5,912	6,743	8,374	9,696	8,163	10,227	12,722	14,630	16,327	19,514

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	1.17	1.02	1.04	1.02	1.07	1.16	0.89	0.72	0.64	0.89	0.6	0.52	0.56	0.46	0.48
Current Ratio	1.84	1.91	1.82	1.77	1.75	1.84	1.57	1.39	1.42	1.61	1.29	1.17	1.17	1.03	1.03
Quick Ratio	1.52	1.44	1.43	1.37	1.42	1.5	1.27	1.13	1.11	1.26	0.83	0.76	0.81	0.65	0.68
CFO/Avg Current Liab	0.73	0.65	0.76	0.56	0.66	0.69	0.71	0.61	0.7	0.61	0.76	0.82	0.79	0.83	0.84
Common Equity/Total Assets	54.88	55.5	52.55	44.3	37.1	30.29	25.64	21.7	20.16	19.03	19.41	16.26	16.32	13.49	14.29
Long-Term Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	106.29	142.33	184.49	176.86	215.6	205	268.24	235.62
Long-Term Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	49.34	58.73	62.66	61.51	67.4	63.25	70.64	68.24
Long-Term Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	23.47	29.17	35.8	34.8	35.51	33.79	36.35	33.7
Total Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	115.39	142.33	194.45	187.55	219.9	224.11	279.75	245.29
Total Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	53.57	58.73	66.04	65.22	68.74	69.15	73.67	71.04
Total Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	25.48	29.17	37.73	36.9	36.21	36.94	37.91	35.08
CFO/Total Liabilities	55.73	53.28	61.29	40.06	40.25	35.69	35.94	32.13	35.2	26.69	31.28	34.61	33.79	35.56	38.03
CFO/CapEx	15.16	30.71	26.68	19.47	23.17	21.57	18.88	18.86	19.39	21.31	23.25	25.33	32.29	31.18	36.09
Altman's Z-Score	9.26	9.86	12.02	11.01	10.62	9.18	10.32	10.19	12.17	11.62	11.62	11.37	12.09	12.52	12.25

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	6.87	8.53	8.79	9.1	8.84	8.64	7.38	7.04	7.05	5.93	6.68	6.92	6.71	7.19	7.82
Days Sales Outstanding	53.14	42.79	41.52	40.11	41.31	42.25	49.43	51.82	51.78	61.54	54.62	52.78	54.43	50.75	46.65
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	48,454	59,714	95,802	101,505	111,721	112,377	160,861	196,276	304,696	347,638	354,108	332,588	398,386	484,465	517,504
- Cash & Cash Equivalents	3,734	2,052	3,599	5,137	5,747	6,721	5,933	6,682	6,988	10,113	7,421	7,008	8,588	8,442	10,566
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	9	12	11	34	34	28	100	94	98	126	100	79	68	30	9
+ Total Debt	- -	- -	- -	1,494	3,268	5,180	5,424	6,334	8,527	12,672	13,901	14,023	15,681	18,226	19,000
Enterprise Value	43,514	54,723	89,518	96,658	108,285	109,250	158,603	194,326	305,645	349,840	360,215	339,282	404,955	493,949	525,615
Total Capital	5,877	6,929	7,495	8,318	9,330	10,864	10,992	11,823	14,518	19,189	21,313	20,400	22,678	24,741	26,746
Total Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	53.57	58.73	66.04	65.22	68.74	69.15	73.67	71.04
Total Debt / EV	- -	- -	- -	0.02	0.03	0.05	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04
EV/Sales	6.48	7.4	10.77	10.24	11.2	10.14	12.69	13	18.1	22.86	19.08	15.26	16.13	17.54	16.03
EV/EBITDA	14.97	13.13	18.8	17.81	19.89	17.81	22.47	25.1	30.01	40.39	33.33	26.07	27.35	29.97	26.23
EV/EBIT	16.04	13.9	19.88	18.93	21.32	18.96	23.95	26.69	31.63	43.29	35.73	27.66	28.91	31.7	27.81
EV/Cash Flow to Firm	16.11	18.47	21.6	28.09	26.11	23.22	27.55	30.49	36.52	46.41	36.66	29.26	32.52	32.23	28.83
EV/Free Cash Flow to Firm	17.24	19.09	22.44	29.59	27.27	24.33	29.07	32.15	38.46	48.6	38.24	30.42	33.52	33.26	29.63
Diluted Market Cap	48,888	61,049	101,320	102,953	113,823	114,456	163,608	199,322	309,107	351,320	358,444	337,807	403,504	491,679	524,428
Diluted Enterprise Value	43,948	56,058	95,036	98,106	110,387	111,329	161,350	197,372	310,056	353,522	364,551	344,501	410,073	501,163	532,539
EV per Share	34.3	44.4	77.92	83.86	97.03	101.06	150.48	188.48	303.4	351.44	367.57	354.9	433.57	540.78	587.91
TTM Sales	6,714	7,391	8,312	9,441	9,667	10,776	12,497	14,950	16,883	15,301	18,884	22,237	25,098	28,167	32,791
TTM EBITDA	2,907	4,167	4,761	5,427	5,444	6,134	7,059	7,741	10,186	8,661	10,808	13,014	14,807	16,479	20,040
TTM Operating Income	3,470	3,984	4,600	5,076	5,057	5,912	6,743	8,374	9,696	8,163	10,227	12,722	14,630	16,327	19,514
TTM Cash Flow to Firm	2,701	2,962	4,145	3,441	4,148	4,705	5,756	6,374	8,370	7,538	9,826	11,594	12,452	15,325	18,230
TTM Free Cash Flow to Firm	2,524	2,866	3,990	3,266	3,971	4,490	5,456	6,044	7,948	7,199	9,419	11,152	12,081	14,851	17,741

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	19.5	21.41	25.46	31.85	29.01	25.88	30.5	33.82	39.83	51.03	39.58	31.42	34.76	34.37	30.56
EV/EBIT	16.04	13.9	19.88	18.93	21.32	18.96	23.95	26.69	31.63	43.29	35.73	27.66	28.91	31.7	27.81
Enterprise Value	43,514	54,723	89,518	96,658	108,285	109,250	158,603	194,326	305,645	349,840	360,215	339,282	404,955	493,949	525,615
Low Price	21.78	33.55	48.44	68.1	80.26	79.56	102.29	151.39	181.83	199.23	306.41	280.74	343.12	416.95	442.09
EV/Sales	6.48	7.4	10.77	10.24	11.2	10.14	12.69	13	18.1	22.86	19.08	15.26	16.13	17.54	16.03
EV/EBITDA	14.97	13.13	18.8	17.81	19.89	17.81	22.47	25.1	30.01	40.39	33.33	26.07	27.35	29.97	26.23
Price/Earnings	25.65	21.95	32.41	28.37	29.81	28.12	41.6	33.82	37.89	54.58	41.1	33.91	35.97	38.11	35
Price/Earnings Average	20.01	19.47	23.76	24.96	27.61	25.92	34.65	34.08	32.02	48.46	40.65	33.22	32.49	34.03	33.74
Price/Earnings High	25.82	22.65	32.5	28.94	30.35	29.23	42.32	40.04	37.89	57.71	45.71	39.1	36.3	38.68	36.62
Price/Earnings Low	14.63	15.2	18.83	21.93	23.9	21.52	27.88	26.9	22.78	31.14	34.85	27.37	28.93	29.96	26.73
Price/Book Value	8.26	8.63	12.8	14.95	18.53	19.87	29.42	36.38	51.7	54.39	48.43	52.81	57.5	74.71	66.89
Price/Book Value Average	6.44	7.66	9.38	13.15	17.16	18.31	24.5	36.66	43.7	48.29	47.9	51.73	51.94	66.71	64.48
Price/Book Value High	8.31	8.91	12.84	15.25	18.87	20.65	29.93	43.07	51.7	57.51	53.87	60.88	58.03	75.83	69.99
Price/Book Value Low	4.71	5.98	7.44	11.56	14.86	15.21	19.72	28.93	31.08	31.03	41.07	42.61	46.25	58.73	51.09
Price/Tangible Book Value	11.57	11.59	16.84	22.29	33.51	35.36	122.51	130.85	669.66	-1,079.62	-88.06	-65.43	-82.7	-59.36	-70.15
Price/Tangible Book Value Average	9.02	10.28	12.34	19.61	31.03	32.59	102.05	131.85	565.98	-958.51	-87.1	-64.1	-74.72	-53.01	-67.62
Price/Tangible Book Value High	11.64	11.96	16.88	22.74	34.11	36.76	124.64	154.89	669.66	-1,141.53	-97.96	-75.44	-83.48	-60.26	-73.4
Price/Tangible Book Value Low	6.6	8.02	9.78	17.23	26.87	27.06	82.11	104.05	402.6	-615.91	-74.68	-52.8	-66.53	-46.67	-53.58
Price/Sales	7.28	8.19	12.15	10.87	11.74	10.59	13.03	13.26	18.22	22.87	18.9	15.14	16.04	17.42	15.98
Price/Sales Average	5.68	7.27	8.91	9.56	10.87	9.76	10.85	13.36	15.4	20.3	18.7	14.84	14.49	15.55	15.4
Price/Sales High	7.33	8.45	12.18	11.09	11.95	11.01	13.26	15.69	18.22	24.18	21.03	17.46	16.19	17.68	16.72
Price/Sales Low	4.15	5.67	7.06	8.4	9.42	8.11	8.73	10.54	10.95	13.05	16.03	12.22	12.91	13.69	12.2
Price/Cash Flow	18.21	20.54	24.42	30.11	27.68	24.62	28.75	31.85	37.59	48.44	37.73	30.08	33.61	33.19	29.68
Price/Cash Flow Average	14.21	18.22	17.9	26.5	25.63	22.69	23.95	32.09	31.77	43.01	37.31	29.47	30.37	29.64	28.61
Price/Cash Flow High	18.33	21.2	24.49	30.72	28.18	25.59	29.25	37.7	37.59	51.22	41.97	34.68	33.92	33.69	31.06
Price/Cash Flow Low	10.39	14.23	14.19	23.29	22.19	18.84	19.27	25.32	22.6	27.63	31.99	24.27	27.04	26.09	22.67
Price/Free Cash Flow Average	15.21	18.98	18.66	28.03	26.86	23.85	25.41	34.08	33.66	45.3	39.15	30.78	31.4	30.69	29.46
Price/Free Cash Flow High	19.63	22.08	25.53	32.49	29.53	26.91	31.03	40.04	39.83	53.95	44.03	36.22	35.08	34.88	31.98
Price/Free Cash Flow Low	11.12	14.82	14.79	24.63	23.26	19.81	20.44	26.9	23.94	29.11	33.56	25.35	27.96	27.02	23.34
EV/Sales Average	4.89	6.49	7.69	8.95	10.35	9.32	10.54	13.1	15.31	20.32	18.87	14.95	14.6	15.7	15.46
EV/Sales High	6.53	7.66	10.8	10.45	11.41	10.55	12.91	15.41	18.1	24.17	21.18	17.54	16.28	17.79	16.76
EV/Sales Low	3.38	4.92	5.94	7.8	8.91	7.69	8.45	10.31	10.91	13.11	16.22	12.37	13.03	13.86	12.3
EV/EBITDA Average	11.3	11.51	13.43	15.56	18.37	16.37	18.66	25.3	25.37	35.89	32.97	25.55	24.75	26.83	25.3
EV/EBITDA High	15.08	13.59	18.86	18.19	20.26	18.53	22.86	29.76	30.01	42.69	37.01	29.98	27.6	30.42	27.42
EV/EBITDA Low	7.81	8.73	10.37	13.57	15.82	13.51	14.95	19.91	18.08	23.15	28.35	21.14	22.09	23.69	20.13
EV/EBIT Average	12.11	12.18	14.2	16.54	19.7	17.43	19.89	26.89	26.75	38.47	35.35	27.11	26.16	28.37	26.83
EV/EBIT High	16.16	14.38	19.94	19.33	21.72	19.73	24.37	31.64	31.63	45.76	39.68	31.81	29.17	32.17	29.08
EV/EBIT Low	8.37	9.24	10.96	14.42	16.96	14.39	15.94	21.17	19.05	24.81	30.39	22.43	23.35	25.05	21.35
Last Price	38.19	48.45	83.39	88.07	100.11	103.96	152.62	190.37	302.45	349.22	361.33	347.9	426.54	530.4	578.84
High Price	38.45	49.99	83.63	89.84	101.91	108.06	155.26	225.35	302.45	369.25	401.94	401.09	430.52	538.37	605.65
Enterprise Value Average	32,856	47,963	63,943	84,470	100,016	100,440	131,734	195,821	258,468	310,841	356,355	332,509	366,495	442,107	506,957
Enterprise Value High	43,834	56,615	89,788	98,695	110,294	113,690	161,389	230,389	305,645	369,775	400,009	390,133	408,674	501,227	549,587
Enterprise Value Low	22,697	36,359	49,366	73,638	86,140	82,874	105,553	154,130	184,130	200,524	306,388	275,081	327,040	390,326	403,357

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	1,269	1,232	1,149	1,153	1,116	1,081	1,054	1,031	1,007	995	980	956	934	913	894
Diluted Weighted Avg Shares	1,280	1,260	1,215	1,169	1,137	1,101	1,072	1,047	1,022	1,006	992	971	946	927	906
Basic Weighted Avg Shares	1,280	1,250	1,211	1,165	1,134	1,098	1,067	1,041	1,017	1,002	988	968	944	925	905
Revenue per Share	5.25	5.91	6.86	8.1	8.52	9.81	11.71	14.36	16.6	15.27	19.11	22.97	26.59	30.45	36.23
EBITDA per Share	2.27	3.33	3.93	4.66	4.8	5.59	6.62	7.44	10.02	8.64	10.94	13.44	15.69	17.82	22.14
Operating Income per Share	2.71	3.19	3.8	4.36	4.46	5.38	6.32	8.04	9.53	8.15	10.35	13.14	15.5	17.65	21.56
Basic EPS, GAAP	1.49	2.21	2.57	3.1	3.36	3.7	3.67	5.63	7.98	6.4	8.79	10.26	11.86	13.92	16.54
Basic EPS from Cont Ops	1.49	2.21	2.57	3.1	3.36	3.7	3.67	5.63	7.98	6.4	8.79	10.26	11.86	13.92	16.54
Diluted EPS, GAAP	1.49	2.19	2.56	3.09	3.35	3.69	3.65	5.6	7.94	6.37	8.76	10.23	11.83	13.89	16.52
Diluted EPS from Cont Ops	1.49	2.19	2.56	3.09	3.35	3.69	3.65	5.6	7.94	6.37	8.76	10.23	11.83	13.89	16.52
Dividend per Share	0.06	0.11	0.21	0.44	0.64	0.76	0.88	1	1.32	1.6	1.76	1.97	2.29	2.65	3.05
Cash Flow per Share	2.1	2.36	3.41	2.92	3.62	4.22	5.31	5.98	8.05	7.21	9.58	11.57	12.69	15.98	19.5
Free Cash Flow per Basic Share	1.96	2.28	3.29	2.77	3.46	4.03	5.03	5.66	7.63	6.87	9.17	11.11	12.3	15.47	18.96
Cash & Equivalents per Share	3.9	4.06	5.48	5.53	6.04	7.71	7.38	8.13	7.62	10.64	8.06	7.75	9.83	9.6	12.19
Book Value per Share	4.63	5.61	6.51	5.89	5.4	5.23	5.19	5.23	5.85	6.42	7.46	6.59	7.42	7.1	8.65
Tangible Book Value per Share	3.3	4.18	4.95	3.95	2.99	2.94	1.25	1.45	0.45	-0.32	-4.1	-5.32	-5.16	-8.93	-8.25