Danaher Corporation Financial Ratios — DAP 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 (%)	14.19	13.32	13.02	11.36	14.27	10.94	10.1	9.72	10.34	10.77	15.99	15.73	9.31	7.57	7.08
Return on Assets (%)	8.33	7.61	7.97	7.25	7.88	5.46	5.42	5.61	5.47	5.27	8.07	8.61	5.64	4.81	4.49
Return on Capital (%)	11.75	10.76	11.12	10.11	10.94	7.52	7.23	7.38	6.8	6.74	10.16	10.62	6.96	5.92	5.53
Return on Invested Capital (%)	10.61	10.31	9.36	6.01	5.76	6.23	6.04	6.59	5.27	5.95	8.12	9.52	6.02	5.8	5.71
Gross Margin (%)	50.82	51.56	51.1	53.23	53.84	55.29	55.23	55.75	55.74	55.98	61.44	60.76	58.74	59.5	59.11
EBITDA Margin (%)	20.21	21.93	21.72	21.47	21.08	22.88	23.77	24.83	24.89	26.95	34.03	36.29	30.84	30.22	29.05
Operating Margin (%)	15.85	16.95	17.07	15.89	14.98	16.2	16.58	17.92	18.25	18.99	25.75	28.29	21.77	20.37	19.09
Incremental Operating Margin (%)	14.79	25.11	111.45	19.86	7.48	23.4	11.95	31.54	24.83	22	85.62	62.41	84.78	2,260	- -
Pretax Margin (%)	15.21	16.49	18.69	16.21	14.13	15.47	16.39	17.37	18.45	20.17	26.25	26.82	21.11	19.46	17.23
Profit Margin (%)	13.5	13.1	14.74	20.19	23.26	15.13	16.06	15.55	16.79	16.36	25.94	27.06	19.94	16.33	14.71
Net Income to Common Margin (%)	13.5	13.1	14.74	20.19	23.26	15.13	16.06	15.55	16.41	15.75	25.28	26.66	19.85	16.33	14.71
Effective Tax Rate (%)	20.94	23.63	24.17	21.45	14.35	17.54	14.59	18.77	26.41	18.89	16.34	11.45	16.32	16.08	14.95
Dvd Payout Ratio (%)	3.17	3.76	2.01	13.9	20.27	41.1	17.42	18	28.89	13.65	10.94	11.44	29.21	19.7	24.39
Sustainable Growth Rate (%)	13.74	12.82	12.76	9.78	11.37	6.44	8.34	7.97	7.35	9.3	14.24	13.93	6.59	6.08	5.35

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	5,305	5,343	3,499	3,473	12,870	12,269	10,522	9,740	22,526	22,178	23,272	20,616	19,536	17,146	19,696
ST Debt	98	56	62	72	845	2,595	195	52	370	200	215	758	1,875	678	201
LT Debt	5,207	5,288	3,437	3,402	12,025	9,674	10,327	9,689	22,156	21,978	23,057	19,858	17,661	16,468	19,495
Total Debt/EBITDA	1.63	1.33	0.88	1.26	4.23	3.18	2.85	2.3	5.05	3.69	2.76	2.13	2.65	2.38	2.76
Net Debt/EBITDA	1.47	0.91	0.1	0.17	3.97	2.93	2.68	2.11	0.41	2.53	2.32	1.42	1.7	1.93	1.93
Total Debt/EBIT	2.03	1.69	1.12	1.7	5.95	4.49	4.09	3.19	6.89	5.24	3.65	2.74	3.76	3.53	4.2
Net Debt/EBIT	1.82	1.16	0.12	0.23	5.59	4.13	3.85	2.93	0.56	3.59	3.07	1.82	2.41	2.86	2.94
EBITDA to Interest Expense	22.97	25.43	28.12	29.18	21.77	20.95	26.33	30.9	41.28	21.84	36.53	47.39	25.76	25.95	26.93
EBITDA-CapEx/Interest Expense	20.61	22.52	24.31	24.26	18.1	17.75	22.26	26.64	35.39	18.96	31.16	41.91	20.93	20.95	22.57
EBIT to Interest Expense	18.01	19.65	22.1	21.59	15.47	14.83	18.36	22.3	30.27	15.39	27.65	36.94	18.19	17.49	17.7
Interest Expense	142	158	141	95	140	184	140	137	108	275	231	204	286	278	265
Common Equity/Total Assets	56.44	57.73	64.56	63.2	49.13	50.78	56.5	58.99	46.18	47.92	50.37	57.4	63.31	63.89	62.94
Long-Term Debt/Equity (%)	30.68	27.71	15.31	14.51	50.6	41.92	39.17	34.32	73.17	55.25	51.04	39.64	33.02	33.24	37.1
Long-Term Debt/Capital (%)	23.37	21.65	13.24	12.63	32.82	27.37	28	25.52	41.96	35.47	33.68	28.09	24.18	24.69	26.99
Long-Term Debt/Total Assets (%)	17.39	16.05	9.91	9.2	24.94	21.36	22.14	20.26	35.69	28.86	27.72	23.54	20.9	21.24	23.36
Total Debt/Equity (%)	31.26	28	15.58	14.81	54.16	53.17	39.91	34.51	74.39	55.76	51.51	41.16	36.52	34.6	37.49
Total Debt/Capital (%)	23.81	21.87	13.48	12.9	35.13	34.71	28.52	25.65	42.66	35.8	34	29.16	26.75	25.71	27.27
Total Debt/Total Assets (%)	17.71	16.22	10.09	9.39	26.69	27.09	22.56	20.36	36.28	29.12	27.98	24.44	23.12	22.11	23.6
Net Debt to Equity	28.09	19.2	1.71	1.99	50.83	48.99	37.51	31.72	6	38.14	43.36	27.31	23.44	28.11	26.27
Net Debt/Capital (%)	21.93	16.11	1.68	1.96	33.7	32.88	27.28	24.08	5.52	27.13	29.74	21.14	18.67	21.55	20.41
EBITDA	3,252	4,005	3,971	2,763	3,043	3,863	3,689	4,233	4,458	6,006	8,439	9,668	7,368	7,215	7,137
EBITDA-CapEx	2,918	3,547	3,433	2,298	2,530	3,274	3,119	3,649	3,822	5,215	7,199	8,550	5,985	5,823	5,981
Operating Income (Loss)	2,550	3,095	3,121	2,045	2,162	2,735	2,572	3,055	3,269	4,231	6,387	7,536	5,202	4,863	4,690

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	0.13	0.4	0.69	0.56	0.13	0.14	0.13	0.16	4.04	0.82	0.32	0.71	0.71	0.31	0.68
Current Ratio	1.5	1.8	2.01	1.75	1.27	0.97	1.43	1.47	5.19	1.86	1.43	1.89	1.68	1.4	1.87
Quick Ratio	0.86	1.18	1.45	1.2	0.61	0.6	0.87	0.79	4.68	1.36	0.89	1.2	1.18	0.83	1.25
CFO/Avg Current Liab	0.7	0.82	0.82	0.76	0.66	0.54	0.6	0.83	0.81	1.01	1.08	1.03	0.86	0.89	0.94
Common Equity/Total Assets	56.44	57.73	64.56	63.2	49.13	50.78	56.5	58.99	46.18	47.92	50.37	57.4	63.31	63.89	62.94
Long-Term Debt/Equity (%)	30.68	27.71	15.31	14.51	50.6	41.92	39.17	34.32	73.17	55.25	51.04	39.64	33.02	33.24	37.1
Long-Term Debt/Capital (%)	23.37	21.65	13.24	12.63	32.82	27.37	28	25.52	41.96	35.47	33.68	28.09	24.18	24.69	26.99
Long-Term Debt/Total Assets (%)	17.39	16.05	9.91	9.2	24.94	21.36	22.14	20.26	35.69	28.86	27.72	23.54	20.9	21.24	23.36
Total Debt/Equity (%)	31.26	28	15.58	14.81	54.16	53.17	39.91	34.51	74.39	55.76	51.51	41.16	36.52	34.6	37.49
Total Debt/Capital (%)	23.81	21.87	13.48	12.9	35.13	34.71	28.52	25.65	42.66	35.8	34	29.16	26.75	25.71	27.27
Total Debt/Total Assets (%)	17.71	16.22	10.09	9.39	26.69	27.09	22.56	20.36	36.28	29.12	27.98	24.44	23.12	22.11	23.6
CFO/Total Liabilities	20.24	24.64	29.34	27.75	15.54	15.85	17.15	20.51	12.43	17.06	21.99	24.87	23.11	23.89	20.75
CFO/CapEx	7.85	7.45	6.66	8.08	7.41	5.97	6.09	6.89	6.21	7.85	6.74	7.62	5.18	4.8	5.55
Altman's Z-Score	- -	- -	- -	- -	4.59	6.97	7.66	6.27	4.73	6.57	8.29	7.25	8.07	9.21	8.16

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	6.11	5.78	5.44	3.73	4.49	5.47	4.63	5.2	5.76	6.16	5.72	6.1	5.95	6.4	6.6
Days Sales Outstanding	59.76	63.14	67.07	97.83	81.31	66.71	78.88	70.13	63.39	59.26	63.84	59.82	61.3	57.02	55.34
Inventory Turnover	5.26	4.92	4.97	3.37	3.97	4.6	3.91	4.35	4.86	5	3.78	3.78	3.68	3.93	4.17
Days Inventory Outstanding	69.33	74.16	73.42	108.16	91.92	79.37	93.26	84	75.04	72.93	96.55	96.57	99.23	92.94	87.55
Accounts Payable Turnover	6.42	5.98	5.36	3.34	4.01	5.34	4.73	4.88	5.26	5.88	4.35	4.72	5.35	5.35	5.67
Accounts Payable Turnover Days	56.84	61.03	68.09	109.29	90.98	68.33	77.21	74.78	69.34	62.11	83.96	77.26	68.25	68.28	64.33
Cash Conversion Cycle	72.25	76.27	72.4	96.7	82.26	77.75	94.93	79.35	69.09	70.09	76.43	79.13	92.28	81.67	78.56
Inventory to Cash Days	-9.57	-11.03	-6.35	-10.33	-10.61	-12.66	-14.37	-13.87	-11.65	-13.67	-32.71	-36.75	-37.93	-35.92	-32.21
Inventories	1,781	1,813	1,784	1,783	1,573	1,709	1,841	1,631	1,628	2,292	2,767	2,765	2,594	2,330	2,489
Raw Materials	588	622	611	613	476	526	549	487	510	691	951	984	853	720	733
Work In Process	262	291	287	266	243	299	310	280	285	369	473	422	459	465	469
Finished Goods	931	900	886	904	855	884	983	864	833	1,232	1,343	1,359	1,282	1,145	1,287
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	- -	- -	- -	- -	57,491	48,347	58,196	62,970	94,550	142,733	207,654	172,321	170,949	164,691	162,261
- Cash & Cash Equivalents	537	1,679	3,115	3,006	791	964	630	788	19,912	6,035	2,586	5,995	5,864	2,078	4,615
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	1,600	3,268	3,268	1,668	- -	- -	- -
+ Minority/Non Controlling Interest	67	67	66	72	74	74	10	12	11	11	10	8	4	7	7
+ Total Debt	5,305	5,343	3,499	3,473	12,870	12,269	10,522	9,740	22,526	22,178	23,272	20,616	19,536	17,146	19,696
Enterprise Value	- -	- -	- -	- -	69,644	59,726	68,098	71,935	98,775	162,155	231,618	188,618	184,625	179,766	177,349
Total Capital	22,277	24,427	25,950	26,923	36,634	35,346	36,890	37,967	52,808	61,955	68,449	70,706	73,026	66,696	72,237
Total Debt/Capital (%)	23.81	21.87	13.48	12.9	35.13	34.71	28.52	25.65	42.66	35.8	34	29.16	26.75	25.71	27.27
Total Debt / EV	- -	- -	- -	- -	0.18	0.21	0.15	0.14	0.23	0.14	0.1	0.11	0.11	0.1	0.11
EV/Sales	- -	- -	- -	- -	4.83	3.54	4.39	4.22	5.51	7.28	9.34	7.08	7.73	7.53	7.22
EV/EBITDA	- -	- -	- -	- -	22.89	15.46	18.46	16.99	22.16	27	27.45	19.51	25.06	24.92	24.85
EV/EBIT	- -	- -	- -	- -	32.21	21.84	26.47	23.55	30.22	38.33	36.32	25.03	35.49	36.97	37.81
EV/Cash Flow to Firm	- -	- -	- -	- -	17.76	16.26	18.93	17.4	24.5	25.21	27.09	21.68	24.94	25.97	26.7
EV/Free Cash Flow to Firm	- -	- -	- -	- -	20.43	19.36	22.5	20.27	29.09	28.75	31.68	24.88	30.67	32.51	32.33
Diluted Market Cap	- -	- -	- -	- -	59,308	48,878	58,990	63,752	98,628	144,279	213,986	174,403	171,851	168,836	164,372
Diluted Enterprise Value	- -	- -	- -	- -	71,461	60,257	68,891	72,717	102,853	163,701	237,950	190,700	185,527	183,911	179,460
EV per Share	- -	- -	- -	- -	101.4	86.28	97.76	102.55	142.02	228.07	323.94	258.98	249.76	249.99	250.88
TTM Sales	16,091	18,260	18,283	12,867	14,434	16,882	15,519	17,049	17,911	22,284	24,802	26,643	23,890	23,875	24,568
TTM EBITDA	3,252	4,005	3,971	2,763	3,043	3,863	3,689	4,233	4,458	6,006	8,439	9,668	7,368	7,215	7,137
TTM Operating Income	2,550	3,095	3,121	2,045	2,162	2,735	2,572	3,055	3,269	4,231	6,387	7,536	5,202	4,863	4,690
TTM Cash Flow to Firm	2,738	3,535	3,692	3,833	3,922	3,674	3,597	4,133	4,031	6,431	8,551	8,700	7,403	6,921	6,641
TTM Free Cash Flow to Firm	2,404	3,077	3,154	3,367	3,409	3,084	3,027	3,549	3,395	5,640	7,311	7,582	6,020	5,529	5,485

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	- -	- -	- -	- -	18.03	16.67	20.29	18.54	29.74	26.63	30.06	23.56	29.73	31.88	31.25
EV/EBIT	- -	- -	- -	- -	32.21	21.84	26.47	23.55	30.22	38.33	36.32	25.03	35.49	36.97	37.81
Enterprise Value	- -	- -	- -	- -	69,644	59,726	68,098	71,935	98,775	162,155	231,618	188,618	184,625	179,766	177,349
Low Price	- -	- -	- -	- -	71.7	65.33	68.8	82.07	86.72	106.79	188.3	207.25	182.38	221.39	163.76
EV/Sales	- -	- -	- -	- -	4.83	3.54	4.39	4.22	5.51	7.28	9.34	7.08	7.73	7.53	7.22
EV/EBITDA	- -	- -	- -	- -	22.89	15.46	18.46	16.99	22.16	27	27.45	19.51	25.06	24.92	24.85
Price/Earnings	- -	- -	- -	- -	17.41	18.9	23.33	23.72	33.06	40.39	33.11	24.15	35.91	42.94	45.27
Price/Earnings Average	- -	- -	- -	- -	16.31	20.73	21.31	23.77	28.8	33.19	27.9	24.51	34.07	47.26	40.98
Price/Earnings High	- -	- -	- -	- -	18.32	24.69	23.56	29.07	33.27	45.64	34.1	29.98	39.47	53.01	50.72
Price/Earnings Low	- -	- -	- -	- -	14.91	17.68	19.21	21.69	21.09	21.49	21.46	21.16	28.32	41.51	32.29
Price/Book Value	- -	- -	- -	- -	2.43	2.1	2.21	2.23	3.3	3.91	4.96	3.56	3.2	3.32	3.09
Price/Book Value Average	- -	- -	- -	- -	2.27	2.31	2.02	2.24	2.87	3.21	4.18	3.61	3.03	3.66	2.8
Price/Book Value High	- -	- -	- -	- -	2.55	2.75	2.23	2.74	3.32	4.42	5.1	4.42	3.51	4.1	3.46
Price/Book Value Low	- -	- -	- -	- -	2.08	1.97	1.82	2.04	2.1	2.08	3.21	3.12	2.52	3.21	2.2
Price/Tangible Book Value	- -	- -	- -	- -	-7.31	-3.82	-5.57	-13.55	-24.93	-7.06	-9.38	-19.85	-19.28	-17.3	-19.24
Price/Tangible Book Value Average	- -	- -	- -	- -	-6.84	-4.19	-5.09	-13.57	-21.72	-5.81	-7.91	-20.14	-18.29	-19.04	-17.42
Price/Tangible Book Value High	- -	- -	- -	- -	-7.69	-5	-5.63	-16.6	-25.09	-7.98	-9.66	-24.63	-21.19	-21.35	-21.56
Price/Tangible Book Value Low	- -	- -	- -	- -	-6.26	-3.58	-4.59	-12.38	-15.91	-3.76	-6.08	-17.38	-15.2	-16.72	-13.73
Price/Sales	- -	- -	- -	- -	4.05	2.86	3.75	3.69	5.43	6.36	8.37	6.44	7.13	7.01	6.66
Price/Sales Average	- -	- -	- -	- -	3.79	3.14	3.42	3.7	4.73	5.23	7.05	6.53	6.77	7.72	6.03
Price/Sales High	- -	- -	- -	- -	4.26	3.74	3.78	4.52	5.46	7.19	8.62	7.99	7.84	8.66	7.46
Price/Sales Low	- -	- -	- -	- -	3.47	2.67	3.08	3.37	3.46	3.38	5.43	5.64	5.62	6.78	4.75
Price/Cash Flow	- -	- -	- -	- -	15.37	13.71	16.71	15.64	24.6	22.84	24.83	20.14	23.78	25.03	25.5
Price/Cash Flow Average	- -	- -	- -	- -	14.4	15.03	15.27	15.67	21.42	18.77	20.92	20.43	22.56	27.55	23.09
Price/Cash Flow High	- -	- -	- -	- -	16.17	17.9	16.88	19.16	24.75	25.81	25.57	25	26.13	30.9	28.57
Price/Cash Flow Low	- -	- -	- -	- -	13.17	12.82	13.76	14.3	15.69	12.15	16.1	17.64	18.75	24.2	18.19
Price/Free Cash Flow Average	- -	- -	- -	- -	16.89	18.28	18.54	18.58	25.91	21.89	25.33	23.91	28.21	35.09	28.29
Price/Free Cash Flow High	- -	- -	- -	- -	18.98	21.77	20.49	22.73	29.93	30.1	30.96	29.25	32.68	39.36	35.01
Price/Free Cash Flow Low	- -	- -	- -	- -	15.45	15.59	16.71	16.95	18.97	14.17	19.49	20.64	23.44	30.82	22.29
EV/Sales Average	- -	- -	- -	- -	4.57	3.81	4.06	4.23	4.83	6.14	8.02	7.17	7.36	8.22	6.59
EV/Sales High	- -	- -	- -	- -	5.03	4.41	4.43	5.05	5.55	8.11	9.59	8.64	8.44	9.15	8.01
EV/Sales Low	- -	- -	- -	- -	4.25	3.35	3.73	3.9	3.6	4.28	6.39	6.28	6.22	7.3	5.33
EV/EBITDA Average	- -	- -	- -	- -	21.69	16.67	17.09	17.02	19.42	22.76	23.57	19.77	23.87	27.21	22.7
EV/EBITDA High	- -	- -	- -	- -	23.87	19.29	18.61	20.35	22.29	30.09	28.18	23.81	27.36	30.27	27.59
EV/EBITDA Low	- -	- -	- -	- -	20.18	14.65	15.67	15.72	14.48	15.88	18.79	17.3	20.15	24.15	18.33
EV/EBIT Average	- -	- -	- -	- -	30.53	23.55	24.52	23.59	26.48	32.31	31.2	25.36	33.81	40.37	34.54
EV/EBIT High	- -	- -	- -	- -	33.6	27.25	26.7	28.19	30.4	42.71	37.29	30.55	38.75	44.91	41.98
EV/EBIT Low	- -	- -	- -	- -	28.4	20.69	22.48	21.78	19.74	22.54	24.87	22.19	28.54	35.84	27.9
Last Price	- -	- -	- -	- -	83.71	69.85	83.54	89.77	135.95	200.75	290.43	236.61	231.26	229.02	229.54
High Price	- -	- -	- -	- -	88.08	91.23	84.37	110.01	136.81	226.85	299.11	293.69	254.21	282.74	257.17
Enterprise Value Average	- -	- -	- -	- -	66,011	64,403	63,062	72,057	86,574	136,724	198,938	191,140	175,885	196,340	161,998
Enterprise Value High	- -	- -	- -	- -	72,649	74,528	68,673	86,136	99,377	180,710	237,829	230,191	201,590	218,396	196,883
Enterprise Value Low	- -	- -	- -	- -	61,396	56,604	57,827	66,537	64,539	95,349	158,602	167,240	148,488	174,277	130,850

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	688	688	698	704	687	692	697	701	696	711	715	728	739	719	707
Diluted Weighted Avg Shares	701	713	711	716	709	700	706	710	726	719	737	737	743	737	716
Basic Weighted Avg Shares	676	693	696	702	698	691	696	701	715	706	715	725	737	731	713
Revenue per Share	23.8	26.33	26.27	18.32	20.68	24.42	22.3	24.33	25.05	31.55	34.71	36.74	32.44	32.66	34.47
EBITDA per Share	4.81	5.78	5.71	3.93	4.36	5.59	5.3	6.04	6.23	8.5	11.81	13.33	10	9.87	10.01
Operating Income per Share	3.77	4.46	4.48	2.91	3.1	3.96	3.7	4.36	4.57	5.99	8.94	10.39	7.06	6.65	6.58
Basic EPS, GAAP	3.21	3.45	3.87	3.7	4.81	3.69	3.58	3.78	4.11	4.97	8.77	9.8	6.44	5.33	5.07
Basic EPS from Cont Ops	2.86	3.32	3.72	2.33	2.5	3.12	3.12	3.43	3.4	5.16	7.62	8.73	5.73	5.33	5.05
Diluted EPS, GAAP	3.1	3.35	3.79	3.63	4.74	3.65	3.53	3.73	4.05	4.88	8.51	9.64	6.38	5.29	5.05
Diluted EPS from Cont Ops	2.76	3.22	3.64	2.29	2.47	3.08	3.08	3.39	3.35	5.07	7.39	8.58	5.68	5.29	5.03
Dividend per Share	0.09	0.12	0.07	0.32	0.51	1.28	0.54	0.62	1.05	0.87	1.04	1.13	1.69	1.05	1.23
Cash Flow per Share	3.88	4.93	5.15	5.35	5.45	5.1	5	5.74	5.53	8.79	11.7	11.75	9.73	9.15	9
Free Cash Flow per Basic Share	3.39	4.26	4.38	4.69	4.71	4.24	4.18	4.91	4.64	7.67	9.96	10.21	7.85	7.24	7.38
Cash & Equivalents per Share	0.78	2.44	4.46	4.27	1.15	1.39	0.9	1.12	28.63	8.49	3.62	8.23	7.93	2.89	6.53
Book Value per Share	24.58	27.66	32.07	33.19	34.49	33.23	37.84	40.22	41.22	51.33	58.6	66.48	72.36	68.9	74.32
Tangible Book Value per Share	-4.96	-4.06	0.14	0.92	-11.46	-18.26	-15	-6.63	-5.45	-28.42	-30.95	-11.92	-12	-13.24	-11.93