Alaska Air Group, Inc. Financial Ratios — ALK 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 (%)	21.5	24.35	29.45	29.11	37.37	29.84	30.04	12.12	19.03	-36.18	14.08	1.52	5.93	9.31	2.36
Return on Assets (%)	4.81	5.92	8.96	10.17	13.47	9.67	9.27	4.04	6.43	-9.79	3.41	0.41	1.63	2.3	0.5
Return on Capital (%)	11.39	13.96	19.79	21.35	28.33	18.14	17.3	8.27	12.2	- -	7.12	1.64	3.91	5.33	2.4
Return on Invested Capital (%)	10.91	13.26	19.5	20.49	27.86	17.6	16.79	8.08	12.02	- -	6.54	0.66	3.69	4.42	1.91
Gross Margin (%)	20.8	20.36	25.12	26.81	33.89	34.4	28.55	20.24	22.54	-11.61	21.92	17.23	17.93	18.05	14.17
EBITDA Margin (%)	16.12	17.09	21.49	23.4	28.9	28.17	20.02	12.6	16.92	-38	17.47	5.03	8.1	9.83	7.71
Operating Margin (%)	11.3	11.42	16.25	17.36	23.76	24.02	16.77	9.38	12.61	-25.86	10.91	6.74	8.03	7.8	3.88
Incremental Operating Margin (%)	0.82	12.98	61.32	44.34	173.04	28.44	- -	- -	64.22	38.91	61.15	- -	23.97	5.96	- -
Pretax Margin (%)	9.12	11.04	15.83	18.16	23.44	22.21	14.68	7.08	11.57	-51.6	10.18	0.82	3.1	4.64	1.03
Profit Margin (%)	5.67	6.79	9.85	11.27	15.15	13.45	12.16	5.29	8.76	-37.13	7.74	0.6	2.25	3.37	0.7
Net Income to Common Margin (%)	5.67	6.79	9.85	11.27	15.15	13.45	12.16	5.29	8.76	-37.13	7.74	0.6	2.25	3.37	0.7
Effective Tax Rate (%)	37.82	38.52	37.75	37.95	35.37	39.44	17.17	25.3	24.31	- -	24.01	26.58	27.24	27.52	31.51
Dvd Payout Ratio (%)	- -	- -	5.51	11.24	12.03	17.06	15.42	36.16	22.5	-3.4	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	21.5	24.35	27.83	25.84	32.88	24.75	25.41	7.74	14.75	-37.41	14.08	1.52	5.93	9.31	2.36

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	1,307	1,032	871	803	683	2,964	2,569	2,103	3,207	5,053	4,086	3,780	3,818	6,393	6,893
ST Debt	208	161	117	117	114	319	307	486	504	1,428	634	504	511	657	918
LT Debt	1,099	871	754	686	569	2,645	2,262	1,617	2,703	3,625	3,452	3,276	3,307	5,736	5,975
Total Debt/EBITDA	1.88	1.3	0.79	0.64	0.42	1.78	1.63	2.02	2.16	-3.73	3.79	7.79	4.52	5.54	6.28
Net Debt/EBITDA	1.73	1.14	0.71	0.55	0.38	1.58	1.5	1.92	0.86	-1.57	1.92	3.75	2.59	3.28	4.49
Total Debt/EBIT	2.91	1.94	1.04	0.83	0.53	2.27	2.13	3.27	3.02	-2.85	5.96	54	9.69	11.22	22.75
Net Debt/EBIT	2.68	1.71	0.94	0.72	0.47	2.02	1.97	3.11	1.2	-1.2	3.02	26.01	5.56	6.64	16.26
EBITDA to Interest Expense	9.28	17.3	31.66	44.86	202.25	55.63	18.37	14.26	23.59	-15.57	9.22	5.16	8.99	8.12	4.67
EBITDA-CapEx/Interest Expense	2.67	4.83	15.49	20.07	98.38	33.03	6.44	1.11	12.54	-18.13	6.73	-12.62	-6.9	-0.9	-2.09
EBIT to Interest Expense	6.51	11.57	23.94	33.29	166.25	47.43	15.4	10.62	17.57	-10.6	5.76	6.91	8.9	6.44	2.35
Interest Expense	75	46	35	28	8	30	86	73	63	87	117	94	94	142	235
Common Equity/Total Assets	22.72	25.81	34.76	35.08	36.92	29.42	32.2	34.38	33.33	21.27	27.25	26.9	28.15	22.12	20.22
Long-Term Debt/Equity (%)	93.61	61.29	37.16	32.25	23.6	90.24	65.38	43.11	62.41	121.32	90.82	85.85	80.4	131.2	145.09
Long-Term Debt/Capital (%)	44.3	35.51	26	23.41	18.39	44.87	37.52	27.62	35.86	45.08	43.77	43.13	41.7	53.28	54.26
Long-Term Debt/Total Assets (%)	21.27	15.82	12.92	11.31	8.71	26.55	21.05	14.82	20.8	25.81	24.74	23.09	22.63	29.02	29.35
Total Debt/Equity (%)	111.33	72.62	42.93	37.75	28.33	101.13	74.25	56.07	74.05	169.11	107.5	99.06	92.83	146.23	167.39
Total Debt/Capital (%)	52.68	42.07	30.03	27.41	22.07	50.28	42.61	35.92	42.54	62.84	51.81	49.76	48.14	59.39	62.6
Total Debt/Total Assets (%)	25.3	18.75	14.92	13.24	10.46	29.75	23.91	19.27	24.68	35.97	29.29	26.65	26.13	32.34	33.85
Net Debt to Equity	102.64	64.04	38.98	32.72	25.3	89.94	68.64	53.27	29.51	71.12	54.43	47.72	53.25	86.62	119.67
Net Debt/Capital (%)	50.65	39.04	28.05	24.65	20.19	47.35	40.7	34.75	17.47	31.85	27.9	25.09	28.63	39.6	47.46
EBITDA	696	796	1,108	1,256	1,618	1,669	1,580	1,041	1,486	-1,355	1,079	485	845	1,153	1,098
EBITDA-CapEx	200	222	542	562	787	991	554	81	790	-1,577	787	-1,186	-649	-128	-490
Operating Income (Loss)	488	532	838	932	1,330	1,423	1,324	775	1,107	-922	674	650	837	915	553

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	0.76	0.83	0.84	0.73	0.74	0.62	0.6	0.42	0.48	0.78	0.78	0.54	0.4	0.4	0.32
Current Ratio	1.06	1.16	1.12	0.98	0.92	0.81	0.8	0.61	0.64	0.93	0.98	0.68	0.61	0.61	0.5
Quick Ratio	0.85	0.92	0.94	0.88	0.85	0.74	0.73	0.54	0.58	0.89	0.92	0.6	0.49	0.49	0.41
CFO/Avg Current Liab	0.47	0.5	0.64	0.63	0.91	0.64	0.61	0.42	0.56	-0.06	0.25	0.33	0.23	0.28	0.2
Common Equity/Total Assets	22.72	25.81	34.76	35.08	36.92	29.42	32.2	34.38	33.33	21.27	27.25	26.9	28.15	22.12	20.22
Long-Term Debt/Equity (%)	93.61	61.29	37.16	32.25	23.6	90.24	65.38	43.11	62.41	121.32	90.82	85.85	80.4	131.2	145.09
Long-Term Debt/Capital (%)	44.3	35.51	26	23.41	18.39	44.87	37.52	27.62	35.86	45.08	43.77	43.13	41.7	53.28	54.26
Long-Term Debt/Total Assets (%)	21.27	15.82	12.92	11.31	8.71	26.55	21.05	14.82	20.8	25.81	24.74	23.09	22.63	29.02	29.35
Total Debt/Equity (%)	111.33	72.62	42.93	37.75	28.33	101.13	74.25	56.07	74.05	169.11	107.5	99.06	92.83	146.23	167.39
Total Debt/Capital (%)	52.68	42.07	30.03	27.41	22.07	50.28	42.61	35.92	42.54	62.84	51.81	49.76	48.14	59.39	62.6
Total Debt/Total Assets (%)	25.3	18.75	14.92	13.24	10.46	29.75	23.91	19.27	24.68	35.97	29.29	26.65	26.13	32.34	33.85
CFO/Total Liabilities	17.43	18.44	25.75	26.16	38.46	19.71	21.82	16.69	19.88	-2.12	10.15	13.67	10	9.51	7.69
CFO/CapEx	1.4	1.31	1.73	1.48	1.91	2.04	1.55	1.24	2.47	-1.05	3.53	0.85	0.7	1.14	0.79
Altman's Z-Score	1.79	1.95	2.56	3.07	3.63	2.84	2.77	2.41	2.25	0.81	1.58	1.64	1.67	1.48	1.35

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	33.72	35.02	36.57	26.12	23.77	23.05	24.55	23.38	25.49	8.88	12.04	22.91	30.71	24.94	25.36
Days Sales Outstanding	10.82	10.42	9.98	13.97	15.36	15.83	14.87	15.61	14.32	41.1	30.32	15.93	11.89	14.63	14.39
Inventory Turnover	76.77	72.73	65.44	66.59	67.91	79.33	108.46	112.67	103.06	61.71	81.04	96.19	77.79	61.06	60.8
Days Inventory Outstanding	4.75	5.02	5.58	5.48	5.37	4.6	3.37	3.24	3.54	5.92	4.5	3.79	4.69	5.98	6
Accounts Payable Turnover	41.64	44.06	59.89	62.33	59.1	50.1	53.3	52.33	49.02	31.22	31.34	38.13	40.04	49.36	47.94
Accounts Payable Turnover Days	8.76	8.28	6.09	5.86	6.18	7.28	6.85	6.97	7.45	11.69	11.64	9.57	9.12	7.39	7.61
Cash Conversion Cycle	6.81	7.16	9.46	13.6	14.55	13.15	11.38	11.88	10.42	35.32	23.18	10.15	7.46	13.22	12.78
Inventory to Cash Days	6.07	5.41	4.4	8.49	9.98	11.23	11.5	12.37	10.78	35.18	25.81	12.14	7.19	8.66	8.39
Inventories	44	58	60	58	51	47	57	60	72	57	62	104	116	199	203
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	44	58	60	58	51	47	57	60	72	57	62	104	116	199	203

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	2,693	3,030	4,959	7,814	10,351	10,929	9,177	7,417	8,368	6,474	6,541	5,477	5,040	8,026	5,783
- Cash & Cash Equivalents	102	122	80	107	73	328	194	105	221	1,370	470	338	281	1,201	627
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,307	1,032	871	803	683	2,964	2,569	2,103	3,207	5,053	4,086	3,780	3,818	6,393	6,893
Enterprise Value	2,859	2,810	4,500	7,400	9,706	12,313	10,125	8,284	10,054	8,181	7,511	6,840	7,067	11,944	10,553
Total Capital	2,481	2,453	2,900	2,930	3,094	5,895	6,029	5,854	7,538	8,041	7,887	7,596	7,931	10,765	11,011
Total Debt/Capital (%)	52.68	42.07	30.03	27.41	22.07	50.28	42.61	35.92	42.54	62.84	51.81	49.76	48.14	59.39	62.6
Total Debt / EV	0.46	0.37	0.19	0.11	0.07	0.24	0.25	0.25	0.32	0.62	0.54	0.55	0.54	0.54	0.65
EV/Sales	0.66	0.6	0.87	1.38	1.73	2.08	1.28	1	1.14	2.29	1.22	0.71	0.68	1.02	0.74
EV/EBITDA	4.11	3.53	4.06	5.89	6	7.38	6.41	7.96	6.77	- -	6.96	14.1	8.36	10.36	9.61
EV/EBIT	6.37	5.28	5.37	7.69	7.48	9.43	8.38	12.88	9.46	- -	10.97	97.72	17.94	20.95	34.83
EV/Cash Flow to Firm	3.85	3.6	4.49	7.07	6.11	8.77	6.09	6.63	5.68	- -	6.71	4.6	6.32	7.62	7.48
EV/Free Cash Flow to Firm	11.59	13.56	10.3	20.94	12.8	16.96	15.94	28.61	9.36	- -	9.08	- -	- -	41.77	- -
Diluted Market Cap	2,787	3,091	5,118	8,131	10,698	11,023	9,237	7,464	8,455	6,434	6,586	5,493	5,145	8,368	6,003
Diluted Enterprise Value	2,953	2,871	4,659	7,717	10,053	12,407	10,185	8,331	10,141	8,141	7,556	6,856	7,172	12,286	10,773
EV per Share	20.15	19.97	32.73	56.28	77.54	99.84	82.27	67.24	81.74	65.86	59.66	53.64	56.05	97.01	91.34
TTM Sales	4,318	4,657	5,156	5,368	5,598	5,925	7,894	8,264	8,781	3,566	6,176	9,646	10,426	11,735	14,239
TTM EBITDA	696	796	1,108	1,256	1,618	1,669	1,580	1,041	1,486	-1,355	1,079	485	845	1,153	1,098
TTM Operating Income	488	532	838	932	1,330	1,423	1,324	775	1,107	-922	674	650	837	915	553
TTM Cash Flow to Firm	743	781	1,003	1,047	1,589	1,404	1,661	1,250	1,770	- -	1,119	1,487	1,118	1,567	1,410
TTM Free Cash Flow to Firm	247	207	437	353	758	726	635	290	1,074	- -	827	-184	-376	286	-178

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	13.93	17.27	12.33	24.2	14.21	15.57	16.38	31.76	8.24	-14.11	8.92	-21.71	-11.59	45.73	-17.71
EV/EBIT	6.37	5.28	5.37	7.69	7.48	9.43	8.38	12.88	9.46	- -	10.97	97.72	17.94	20.95	34.83
Enterprise Value	2,859	2,810	4,500	7,400	9,706	12,313	10,125	8,284	10,054	8,181	7,511	6,840	7,067	11,944	10,553
Low Price	12.85	15.99	21.35	36.24	58.57	55.09	60.48	57.24	53.52	21.71	46.38	38.73	30.93	32.49	37.61
EV/Sales	0.66	0.6	0.87	1.38	1.73	2.08	1.28	1	1.14	2.29	1.22	0.71	0.68	1.02	0.74
EV/EBITDA	4.11	3.53	4.06	5.89	6	7.38	6.41	7.96	6.77	- -	6.96	14.1	8.36	10.36	9.61
Price/Earnings	11.12	9.63	9.93	13.31	12.52	13.74	9.56	16.98	10.91	- -	13.59	93.79	21.67	20.82	59.15
Price/Earnings Average	9.21	8.13	8.3	10.43	10.76	10.99	10.57	18.15	10.11	- -	15.6	104.15	23.57	13.53	63.98
Price/Earnings High	11.21	9.98	10.81	13.33	13.16	14.21	12.86	21.34	11.6	- -	19.26	132.73	31.25	21.48	92.25
Price/Earnings Low	7.53	7.16	5.88	8.11	8.87	8.54	7.75	16.14	8.58	- -	12.14	84.57	16.76	10.38	44.44
Price/Book Value	2.29	2.13	2.44	3.67	4.29	3.73	2.65	1.98	1.93	2.17	1.72	1.44	1.23	1.84	1.4
Price/Book Value Average	1.9	1.8	2.04	2.88	3.69	2.98	2.93	2.11	1.79	1.76	1.98	1.59	1.33	1.19	1.52
Price/Book Value High	2.31	2.21	2.66	3.68	4.51	3.86	3.57	2.49	2.06	2.85	2.44	2.03	1.77	1.89	2.19
Price/Book Value Low	1.55	1.58	1.45	2.24	3.04	2.32	2.15	1.88	1.52	0.9	1.54	1.29	0.95	0.92	1.06
Price/Tangible Book Value	2.29	2.13	2.44	3.67	4.29	12.8	6.63	4.41	3.69	6.9	3.72	3.08	2.42	10.36	9.97
Price/Tangible Book Value Average	1.9	1.8	2.04	2.88	3.69	10.24	7.33	4.72	3.42	5.62	4.27	3.42	2.64	6.73	10.78
Price/Tangible Book Value High	2.31	2.21	2.66	3.68	4.51	13.23	8.92	5.55	3.93	9.09	5.28	4.36	3.49	10.69	15.55
Price/Tangible Book Value Low	1.55	1.58	1.45	2.24	3.04	7.96	5.38	4.19	2.91	2.88	3.32	2.78	1.87	5.16	7.49
Price/Sales	0.63	0.65	0.98	1.5	1.9	1.85	1.16	0.9	0.96	1.8	1.05	0.56	0.49	0.7	0.42
Price/Sales Average	0.52	0.55	0.82	1.18	1.63	1.48	1.29	0.96	0.89	1.47	1.21	0.63	0.53	0.46	0.45
Price/Sales High	0.64	0.68	1.06	1.5	1.99	1.91	1.56	1.13	1.02	2.38	1.49	0.8	0.7	0.72	0.65
Price/Sales Low	0.43	0.49	0.58	0.91	1.34	1.15	0.94	0.85	0.75	0.75	0.94	0.51	0.38	0.35	0.31
Price/Cash Flow	3.91	4.04	5.14	7.82	6.7	7.9	5.77	6.21	4.87	-27.49	6.31	3.84	4.85	5.62	4.74
Price/Cash Flow Average	3.24	3.41	4.3	6.13	5.76	6.32	6.38	6.64	4.51	-22.38	7.24	4.26	5.28	3.65	5.12
Price/Cash Flow High	3.95	4.19	5.6	7.83	7.04	8.17	7.76	7.8	5.18	-36.2	8.94	5.43	6.99	5.8	7.39
Price/Cash Flow Low	2.65	3	3.05	4.77	4.75	4.91	4.68	5.9	3.83	-11.45	5.63	3.46	3.75	2.8	3.56
Price/Free Cash Flow Average	11.54	14.57	10.3	18.97	12.21	12.46	18.11	33.95	7.64	-11.48	10.24	-24.11	-12.61	29.71	-19.15
Price/Free Cash Flow High	14.05	17.89	13.41	24.24	14.93	16.1	22.03	39.92	8.77	-18.58	12.65	-30.73	-16.71	47.18	-27.62
Price/Free Cash Flow Low	9.43	12.83	7.3	14.76	10.06	9.68	13.28	30.2	6.48	-5.88	7.97	-19.58	-8.96	22.79	-13.3
EV/Sales Average	0.56	0.5	0.71	1.06	1.47	1.71	1.41	1.06	1.08	1.96	1.37	0.77	0.72	0.78	0.77
EV/Sales High	0.67	0.63	0.96	1.38	1.83	2.14	1.68	1.23	1.21	2.87	1.66	0.94	0.89	1.04	0.97
EV/Sales Low	0.46	0.44	0.48	0.81	1.19	1.38	1.06	0.96	0.94	1.23	1.1	0.65	0.57	0.67	0.64
EV/EBITDA Average	3.44	2.93	3.33	4.55	5.1	6.07	7.02	8.45	6.35	- -	7.86	15.35	8.89	7.92	10.04
EV/EBITDA High	4.14	3.67	4.45	5.9	6.32	7.6	8.41	9.79	7.12	- -	9.49	18.79	11	10.58	12.56
EV/EBITDA Low	2.86	2.55	2.24	3.46	4.13	4.9	5.31	7.61	5.56	- -	6.31	12.99	7.01	6.87	8.3
EV/EBIT Average	5.34	4.39	4.4	5.94	6.36	7.76	9.18	13.68	8.88	- -	12.38	106.36	19.06	16.02	36.39
EV/EBIT High	6.42	5.49	5.89	7.71	7.88	9.71	11	15.85	9.96	- -	14.95	130.21	23.59	21.4	45.51
EV/EBIT Low	4.43	3.82	2.96	4.52	5.15	6.26	6.95	12.32	7.78	- -	9.94	90.03	15.04	13.89	30.08
Last Price	18.98	21.53	36.07	59.43	82.69	88.62	74.57	60.2	68.03	52.12	51.95	42.95	39.97	65.19	50.05
High Price	19.14	22.3	39.24	59.54	86.9	91.64	100.3	75.67	72.37	68.62	73.63	60.78	57.65	67.26	78.07
Enterprise Value Average	2,397	2,336	3,685	5,713	8,253	10,131	11,094	8,795	9,442	6,976	8,478	7,445	7,511	9,133	11,025
Enterprise Value High	2,881	2,919	4,936	7,415	10,233	12,685	13,291	10,189	10,587	10,231	10,241	9,115	9,296	12,199	13,789
Enterprise Value Low	1,989	2,031	2,477	4,351	6,687	8,178	8,390	7,919	8,270	4,404	6,810	6,302	5,926	7,919	9,115

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	142	141	137	131	125	123	123	123	123	124	126	128	126	123	116
Diluted Weighted Avg Shares	147	144	142	137	129	124	124	124	124	123	127	128	129	128	120
Basic Weighted Avg Shares	144	141	140	135	128	124	123	123	123	123	125	127	127	126	118
Revenue per Share	30.09	32.93	36.85	39.63	43.61	47.95	64.15	67.06	71.23	28.89	49.38	76.16	81.85	93.03	120.49
EBITDA per Share	4.85	5.63	7.92	9.27	12.6	13.51	12.84	8.45	12.05	-10.98	8.63	3.83	6.63	9.14	9.29
Operating Income per Share	3.4	3.76	5.99	6.88	10.36	11.52	10.76	6.29	8.98	-7.47	5.39	5.13	6.57	7.25	4.68
Basic EPS, GAAP	1.71	2.23	3.63	4.47	6.61	6.45	7.8	3.55	6.24	-10.72	3.82	0.46	1.84	3.13	0.85
Basic EPS from Cont Ops	1.71	2.23	3.63	4.47	6.61	6.45	7.8	3.55	6.24	-10.72	3.82	0.46	1.84	3.13	0.85
Diluted EPS, GAAP	1.67	2.2	3.58	4.42	6.55	6.41	7.75	3.52	6.19	-10.72	3.77	0.45	1.83	3.08	0.83
Diluted EPS from Cont Ops	1.67	2.2	3.58	4.42	6.55	6.41	7.75	3.52	6.19	-10.72	3.77	0.45	1.83	3.08	0.83
Dividend per Share	- -	- -	0.2	0.5	0.79	1.1	1.2	1.28	1.4	0.36	- -	- -	- -	- -	- -
Cash Flow per Share	4.85	5.32	7.01	7.6	12.34	11.22	12.92	9.7	13.97	-1.9	8.24	11.2	8.24	11.61	10.57
Free Cash Flow per Basic Share	1.39	1.27	2.97	2.48	5.87	5.73	4.58	1.91	8.32	-3.69	5.9	-2	-3.49	1.45	-2.87
Cash & Equivalents per Share	8.04	8.9	9.67	9.26	10.61	12.81	13.17	10.03	12.37	26.94	24.75	18.95	14.2	20.1	18.38
Book Value per Share	8.27	10.1	14.76	16.18	19.26	23.77	28.12	30.45	35.21	24.05	30.19	29.92	32.62	35.51	35.64
Tangible Book Value per Share	8.27	10.1	14.76	16.18	19.26	6.92	11.25	13.65	18.42	7.55	13.95	13.94	16.5	6.29	5.02