Prologis, Inc. Financial Ratios — POJN 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 (%)	-1.86	-0.63	2.49	4.57	6.06	8.16	10.8	8.7	6.99	5.42	8.99	7.76	5.75	6.96	6.21
Return on Assets (%)	-0.72	-0.14	1.32	2.53	3.04	3.93	5.53	4.86	4.01	3.08	5.13	4.6	3.38	3.96	3.43
Return on Capital (%)	- -	- -	2.39	- -	4.01	4.75	6.28	5.18	4.41	3.53	5.42	5	4.06	4.87	4.37
Return on Invested Capital (%)	- -	- -	0.84	- -	1.35	2.16	6.61	5.01	4.7	4.25	5.54	4.82	4.09	4.76	4.48
Gross Margin (%)	71.61	71.69	69.08	69.01	70.3	72.47	72.32	72.98	72.41	73.64	73.77	74.74	74.94	74.92	74.58
EBITDA Margin (%)	49.14	43.89	55.32	54.65	57.37	63.14	108.21	93.97	89.76	82.93	100.54	88.39	77.18	85.31	79.45
Operating Margin (%)	18.04	21.76	17.39	18.16	17.3	26.39	29.45	30.2	29.78	31.58	33.98	38.17	38.44	37.77	38.84
Incremental Operating Margin (%)	22.94	31.57	58.16	149.46	13.84	85.76	120.81	40.76	27.55	36.99	67.23	54.6	39.23	7.61	53.74
Pretax Margin (%)	-19.21	-5.24	19.21	40.53	43.18	53.18	69.35	67.26	53.33	39.36	69.82	61.78	43.18	50.17	42.88
Profit Margin (%)	-10.79	-2.03	19.59	36.13	39.57	47.76	63.11	58.81	47.23	33.38	61.77	56.33	38.13	45.5	37.86
Net Income to Common Margin (%)	-13.23	-4.13	18.54	35.71	39.27	47.5	62.86	58.6	47.05	33.24	61.64	56.23	38.06	45.43	37.8
Effective Tax Rate (%)	- -	- -	31.74	- -	2.43	4.05	3.01	3.36	4.19	7.47	5.24	3.67	6.09	4.06	5.41
Dvd Payout Ratio (%)	-120.77	-380.57	251.04	79.62	81.86	64.8	50.26	56.13	73.42	98.37	55.7	66.54	93.65	85.72	99.01
Sustainable Growth Rate (%)	-4.1	-3.04	-3.76	0.93	1.1	2.87	5.37	3.82	1.86	0.09	3.98	2.6	0.36	0.99	0.06

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	11,382	11,791	9,011	9,337	11,627	10,608	9,413	11,090	12,378	17,336	18,163	24,515	29,598	31,495	35,681
ST Debt	937	889	725	- -	- -	35	317	51	184	172	491	1,538	979	225	45
LT Debt	10,446	10,902	8,286	9,337	11,627	10,573	9,095	11,039	12,193	17,164	17,672	22,976	28,619	31,270	35,636
Total Debt/EBITDA	16.29	13.7	9.31	9.7	9.22	6.63	3.32	4.21	4.14	4.71	3.8	4.64	4.78	4.5	5.11
Net Debt/EBITDA	16.04	13.59	8.8	9.34	9.01	6.13	3.16	4.08	3.62	4.41	3.59	4.47	4.6	4.23	4.85
Total Debt/EBIT	120.1	126.81	29.6	29.2	30.58	15.87	4.82	6.57	6.69	8.18	5.66	7.07	7.98	7.13	8.19
Net Debt/EBIT	118.24	125.72	27.99	28.1	29.89	14.66	4.59	6.37	5.85	7.67	5.35	6.81	7.68	6.69	7.78
EBITDA to Interest Expense	1.57	1.76	2.65	3.26	4.38	5.56	10.9	12.21	13.19	12.27	19.13	18.09	10.01	8.36	7.18
EBITDA-CapEx/Interest Expense	-0.73	1.76	2.65	3.26	4.38	5.56	10.9	12.21	13.19	12.27	19.13	18.09	10.01	8.36	7.18
EBIT to Interest Expense	0.58	0.87	0.83	1.08	1.32	2.32	2.97	3.92	4.38	4.67	6.47	7.81	4.99	3.7	3.51
Interest Expense	446	488	365	295	288	288	260	216	227	300	250	292	619	837	972
Common Equity/Total Assets	47.18	45.72	55.39	53.92	46.47	49.3	52.79	57.86	56.42	56.91	57.04	60.49	57.1	56.53	53.82
Long-Term Debt/Equity (%)	72.26	79.15	58.45	61.49	63.12	57.28	48.62	42.79	46.77	47.25	46.82	39.71	49.49	53.35	61.7
Long-Term Debt/Capital (%)	40.43	42.65	35.73	38.08	38.69	36.38	32.35	29.92	31.71	31.99	31.61	27.89	32.74	34.7	38.14
Long-Term Debt/Total Assets (%)	37.68	39.92	33.72	36.22	37.03	34.95	30.85	28.73	30.46	30.61	30.22	26.14	30.77	32.8	36.1
Total Debt/Equity (%)	78.74	85.61	63.56	61.49	63.12	57.47	50.32	42.98	47.47	47.73	48.13	42.37	51.19	53.73	61.78
Total Debt/Capital (%)	44.05	46.12	38.86	38.08	38.69	36.5	33.48	30.06	32.19	32.31	32.49	29.76	33.86	34.95	38.19
Total Debt/Total Assets (%)	41.06	43.17	36.67	36.22	37.03	35.07	31.93	28.87	30.92	30.92	31.06	27.89	31.82	33.04	36.14
Net Debt to Equity	77.52	84.87	60.1	59.18	61.68	53.1	47.93	41.65	41.49	44.74	45.46	40.78	49.24	50.43	58.68
Net Debt/Capital (%)	43.67	45.91	37.54	37.18	38.15	34.68	32.4	29.4	28.95	30.63	31	28.74	32.77	33.29	36.72
EBITDA	699	860	968	962	1,261	1,599	2,833	2,635	2,990	3,681	4,785	5,280	6,193	6,996	6,984
EBITDA-CapEx	-327	860	968	962	1,261	1,599	2,833	2,635	2,990	3,681	4,785	5,280	6,193	6,996	6,984
Operating Income (Loss)	257	427	304	320	380	668	771	847	992	1,402	1,617	2,280	3,084	3,098	3,414

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	0.07	0.05	0.3	0.43	0.29	1.03	0.38	0.35	0.97	0.37	0.27	0.08	0.16	0.5	0.43
Current Ratio	0.58	0.42	0.66	0.9	1.32	1.93	0.96	1.33	1.92	1.36	0.97	0.46	0.55	0.92	0.91
Quick Ratio	0.32	0.28	0.57	0.72	0.79	1.37	0.58	0.59	1.18	0.61	0.57	0.25	0.33	0.74	0.74
CFO/Avg Current Liab	0.15	0.2	0.25	0.73	1.29	1.67	1.72	1.67	2.14	2.15	1.64	1.44	1.54	1.66	1.88
Common Equity/Total Assets	47.18	45.72	55.39	53.92	46.47	49.3	52.79	57.86	56.42	56.91	57.04	60.49	57.1	56.53	53.82
Long-Term Debt/Equity (%)	72.26	79.15	58.45	61.49	63.12	57.28	48.62	42.79	46.77	47.25	46.82	39.71	49.49	53.35	61.7
Long-Term Debt/Capital (%)	40.43	42.65	35.73	38.08	38.69	36.38	32.35	29.92	31.71	31.99	31.61	27.89	32.74	34.7	38.14
Long-Term Debt/Total Assets (%)	37.68	39.92	33.72	36.22	37.03	34.95	30.85	28.73	30.46	30.61	30.22	26.14	30.77	32.8	36.1
Total Debt/Equity (%)	78.74	85.61	63.56	61.49	63.12	57.47	50.32	42.98	47.47	47.73	48.13	42.37	51.19	53.73	61.78
Total Debt/Capital (%)	44.05	46.12	38.86	38.08	38.69	36.5	33.48	30.06	32.19	32.31	32.49	29.76	33.86	34.95	38.19
Total Debt/Total Assets (%)	41.06	43.17	36.67	36.22	37.03	35.07	31.93	28.87	30.92	30.92	31.06	27.89	31.82	33.04	36.14
CFO/Total Liabilities	1.56	3.42	4.67	8.45	8.6	12.02	15.66	14.29	16.22	14.88	14.44	13.74	15.27	13.38	12.22
CFO/CapEx	0.2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.48	0.62	0.93	1.15	1	1.42	1.97	1.79	2.52	2.3	3.77	2.26	2.32	2.14	- -

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	13.74	12.29	12.55	16.66	22.76	25.26	26.71	29.17	34.52	32.26	15.51	14.89	22.8	22.37	17.43
Days Sales Outstanding	26.57	29.7	29.09	21.91	16.04	14.45	13.66	12.51	10.57	11.31	23.53	24.51	16.01	16.31	20.94
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	13,132	16,632	18,575	22,204	22,726	27,545	34,719	36,205	55,911	71,864	125,554	107,013	126,021	119,475	- -
- Cash & Cash Equivalents	176	101	491	351	264	807	447	344	1,089	598	556	278	530	1,319	1,146
+ Preferred Equity and Hybrid Capital	582	582	100	78	78	78	69	69	69	64	64	64	64	64	64
+ Minority/Non Controlling Interest	794	704	465	1,208	3,753	3,467	3,075	3,503	3,419	4,353	4,315	4,626	4,642	4,666	4,561
+ Total Debt	11,382	11,791	9,011	9,337	11,627	10,608	9,413	11,090	12,378	17,336	18,163	24,515	29,598	31,495	35,681
Enterprise Value	25,714	29,609	27,661	32,476	37,920	40,891	46,828	50,522	70,687	93,019	147,540	135,939	159,794	154,380	- -
Total Capital	25,838	25,564	23,188	24,521	30,048	29,066	28,118	36,891	38,449	53,661	55,906	82,378	87,422	90,111	93,435
Total Debt/Capital (%)	44.05	46.12	38.86	38.08	38.69	36.5	33.48	30.06	32.19	32.31	32.49	29.76	33.86	34.95	38.19
Total Debt / EV	0.44	0.4	0.33	0.29	0.31	0.26	0.2	0.22	0.18	0.19	0.12	0.18	0.19	0.2	- -
EV/Sales	18.09	15.1	15.8	18.44	17.26	16.14	17.89	18.02	21.22	20.96	31	22.76	19.92	18.82	- -
EV/EBITDA	36.8	34.41	28.56	33.75	30.08	25.57	16.53	19.17	23.64	25.27	30.83	25.74	25.8	22.07	- -
EV/EBIT	271.31	318.43	90.87	101.55	99.74	61.18	23.96	29.93	38.21	43.9	46.01	39.2	43.1	34.96	- -
EV/Cash Flow to Firm	- -	- -	37.68	- -	27.14	24.15	24.15	25.11	28.49	28.94	45.64	30.84	26.84	27.01	- -
EV/Free Cash Flow to Firm	- -	- -	37.68	- -	27.14	24.15	24.15	25.11	28.49	28.94	45.64	30.84	26.84	27.01	- -
Diluted Market Cap	10,644	16,635	18,305	22,068	23,135	28,482	36,031	33,940	57,956	73,325	129,785	94,084	129,756	122,997	- -
Diluted Enterprise Value	23,227	29,612	27,391	32,341	38,329	41,829	48,140	48,258	72,732	94,480	151,772	123,010	163,530	157,903	- -
EV per Share	56.07	64.12	55.45	63.74	72.3	77.35	87.99	80.24	111.88	125.81	199.43	147.26	172.86	166.67	- -
TTM Sales	1,422	1,961	1,750	1,761	2,197	2,533	2,618	2,804	3,331	4,439	4,759	5,974	8,023	8,202	8,790
TTM EBITDA	699	860	968	962	1,261	1,599	2,833	2,635	2,990	3,681	4,785	5,280	6,193	6,996	6,984
TTM Operating Income	257	427	304	320	380	668	771	847	992	1,402	1,617	2,280	3,084	3,098	3,414
TTM Cash Flow to Firm	- -	- -	734	- -	1,397	1,693	1,939	2,012	2,481	3,215	3,233	4,408	5,954	5,716	5,928
TTM Free Cash Flow to Firm	- -	- -	734	- -	1,397	1,693	1,939	2,012	2,481	3,215	3,233	4,408	5,954	5,716	5,928

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	35.89	37.74	24.67	20.72	20.1	21.35	18.82	25.6	24.97	43.32	22.8	24.15	25.04	- -
EV/EBIT	271.31	318.43	90.87	101.55	99.74	61.18	23.96	29.93	38.21	43.9	46.01	39.2	43.1	34.96	- -
Enterprise Value	25,714	29,609	27,661	32,476	37,920	40,891	46,828	50,522	70,687	93,019	147,540	135,939	159,794	154,380	- -
Low Price	22.24	27.95	34.72	36.36	35.7	35.27	47.81	55.7	56.17	60.62	93.27	97.71	96.96	125.1	- -
EV/Sales	18.09	15.1	15.8	18.44	17.26	16.14	17.89	18.02	21.22	20.96	31	22.76	19.92	18.82	- -
EV/EBITDA	36.8	34.41	28.56	33.75	30.08	25.57	16.53	19.17	23.64	25.27	30.83	25.74	25.8	22.07	- -
Price/Earnings	- -	- -	55.78	34.63	26.18	22.78	21.02	19.85	35.61	47.98	42.77	27.12	41.27	32.06	- -
Price/Earnings Average	- -	- -	58.13	32.02	24.89	20.78	18.72	22.12	31.64	46.64	31.35	30.59	36.59	32.25	- -
Price/Earnings High	- -	- -	67.37	35.31	28.48	23.9	21.8	23.58	37.47	54.24	42.77	40.79	41.87	33.83	- -
Price/Earnings Low	- -	- -	52	28.89	21.57	15.42	15.41	19.23	22.6	29.92	23.51	22.86	29.35	31.1	- -
Price/Book Value	1	1.33	1.36	1.6	1.56	1.85	2.23	1.63	2.48	2.25	3.76	2.01	2.37	2.22	- -
Price/Book Value Average	1.02	1.24	1.42	1.48	1.48	1.69	1.99	1.81	2.2	2.19	2.76	2.27	2.1	2.23	- -
Price/Book Value High	1.73	1.37	1.65	1.63	1.69	1.94	2.31	1.93	2.6	2.55	3.76	3.03	2.41	2.34	- -
Price/Book Value Low	0.78	1.03	1.27	1.33	1.28	1.25	1.63	1.58	1.57	1.4	2.07	1.7	1.69	2.15	- -
Price/Tangible Book Value	1	1.33	1.36	1.6	1.61	1.88	2.26	1.66	2.51	2.3	3.83	2.06	2.42	2.25	- -
Price/Tangible Book Value Average	1.02	1.24	1.42	1.48	1.53	1.72	2.01	1.85	2.23	2.24	2.8	2.32	2.14	2.26	- -
Price/Tangible Book Value High	1.73	1.37	1.65	1.63	1.75	1.97	2.34	1.97	2.64	2.61	3.83	3.1	2.45	2.37	- -
Price/Tangible Book Value Low	0.78	1.03	1.27	1.33	1.32	1.27	1.66	1.61	1.59	1.44	2.1	1.73	1.72	2.18	- -
Price/Sales	7.46	8.45	10.34	12.36	10.28	10.82	13.22	11.63	16.75	15.95	26.36	15.25	15.71	14.57	- -
Price/Sales Average	7.57	7.84	10.78	11.43	9.77	9.87	11.77	12.96	14.88	15.5	19.32	17.2	13.92	14.65	- -
Price/Sales High	12.85	8.69	12.49	12.61	11.18	11.35	13.7	13.82	17.63	18.03	26.36	22.94	15.93	15.37	- -
Price/Sales Low	5.79	6.56	9.64	10.32	8.47	7.32	9.69	11.27	10.63	9.95	14.49	12.85	11.17	14.13	- -
Price/Cash Flow	51.24	35.74	37.32	24.34	20.23	19.34	20.51	18.09	24.65	24.1	41.88	22.07	23.45	24.32	- -
Price/Cash Flow Average	51.97	33.15	38.9	22.51	19.24	17.65	18.26	20.15	21.9	23.43	30.7	24.9	20.79	24.46	- -
Price/Cash Flow High	88.21	36.76	45.08	24.82	22.01	20.3	21.26	21.49	25.93	27.25	41.88	33.2	23.79	25.66	- -
Price/Cash Flow Low	39.79	27.73	34.79	20.31	16.67	13.09	15.03	17.52	15.64	15.03	23.02	18.6	16.68	23.59	- -
Price/Free Cash Flow Average	-13.19	33.29	39.33	22.81	19.71	18.34	19.01	20.97	22.74	24.27	31.75	25.72	21.41	25.18	- -
Price/Free Cash Flow High	-22.38	36.92	45.59	25.16	22.55	21.09	22.14	22.35	26.93	28.23	43.32	34.3	24.5	26.42	- -
Price/Free Cash Flow Low	-10.1	27.85	35.19	20.58	17.08	13.61	15.65	18.23	16.25	15.57	23.81	19.22	17.18	24.28	- -
EV/Sales Average	18.22	14.49	16.25	17.49	16.75	15.19	16.43	19.49	19.35	20.5	23.96	25.05	18.13	18.91	- -
EV/Sales High	24.75	15.35	18.01	18.69	18.17	16.68	18.37	20.44	22.1	23.07	31	31.79	20.14	19.63	- -
EV/Sales Low	16.02	13.2	15.08	16.35	15.44	12.63	14.34	17.61	15.09	14.86	19.12	19.94	15.38	18.38	- -
EV/EBITDA Average	37.07	33.01	29.37	32.01	29.2	24.06	15.18	20.74	21.56	24.73	23.83	28.34	23.49	22.16	- -
EV/EBITDA High	50.36	34.97	32.55	34.2	31.67	26.41	16.98	21.75	24.62	27.82	30.83	35.96	26.1	23.01	- -
EV/EBITDA Low	32.6	30.08	27.26	29.92	26.91	20	13.25	18.74	16.81	17.92	19.02	22.56	19.93	21.55	- -
EV/EBIT Average	273.28	305.48	93.44	96.32	96.81	57.57	22.01	32.38	34.84	42.95	35.55	43.15	39.24	35.11	- -
EV/EBIT High	371.27	323.56	103.55	102.92	105.01	63.21	24.62	33.96	39.79	48.33	46.01	54.77	43.59	36.45	- -
EV/EBIT Low	240.35	278.34	86.73	90.04	89.22	47.86	19.22	29.26	27.17	31.13	28.37	34.35	33.28	34.14	- -
Last Price	28.63	36.02	37.24	43.58	43.33	52.1	65.24	57.5	88.5	97.19	169.71	115.92	136.33	128.98	- -
High Price	49.29	37.05	44.98	44.44	47.14	54.67	67.64	68.3	93.11	109.89	169.71	174.38	138.31	136.08	- -
Enterprise Value Average	25,901	28,405	28,444	30,804	36,804	38,476	43,017	54,654	64,447	91,015	114,019	149,634	145,488	155,062	- -
Enterprise Value High	35,188	30,085	31,522	32,914	39,921	42,246	48,107	57,323	73,605	102,406	147,540	189,906	161,627	160,958	- -
Enterprise Value Low	22,780	25,881	26,402	28,796	33,920	31,991	37,553	49,388	50,262	65,973	90,994	119,126	123,399	150,779	- -

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	459	462	499	509	525	529	532	630	632	739	740	923	924	926	929
Diluted Weighted Avg Shares	372	462	492	506	534	547	552	590	655	754	765	812	952	954	957
Basic Weighted Avg Shares	371	460	486	500	521	526	530	567	631	728	739	786	924	926	928
Revenue per Share	3.84	4.26	3.6	3.52	4.22	4.81	4.94	4.94	5.28	6.09	6.44	7.6	8.68	8.86	9.47
EBITDA per Share	1.89	1.87	1.99	1.93	2.42	3.04	5.34	4.64	4.74	5.05	6.47	6.72	6.7	7.55	7.52
Operating Income per Share	0.69	0.93	0.63	0.64	0.73	1.27	1.45	1.49	1.57	1.92	2.19	2.9	3.34	3.34	3.68
Basic EPS, GAAP	-0.51	-0.18	0.67	1.26	1.66	2.29	3.1	2.9	2.48	2.03	3.97	4.28	3.3	4.02	3.58
Basic EPS from Cont Ops	-0.74	-0.23	0.47	1.48	1.78	2.46	3.32	3.21	2.7	2.22	4.26	4.53	3.52	4.26	3.84
Diluted EPS, GAAP	-0.51	-0.18	0.66	1.24	1.62	2.2	2.98	2.78	2.39	1.96	3.84	4.14	3.21	3.91	3.47
Diluted EPS from Cont Ops	-0.74	-0.23	0.47	1.46	1.73	2.36	3.19	3.09	2.6	2.14	4.12	4.38	3.42	4.14	3.73
Dividend per Share	1.12	1.23	1.18	1.35	1.54	1.7	1.78	1.98	2.13	2.37	2.53	3.18	3.49	3.86	4.05
Cash Flow per Share	0.56	1.01	1	1.79	2.14	2.69	3.18	3.18	3.59	4.03	4.05	5.25	5.81	5.3	5.39
Free Cash Flow per Basic Share	-2.21	1.01	1	1.79	2.14	2.69	3.18	3.18	3.59	4.03	4.05	5.25	5.81	5.3	5.39
Cash & Equivalents per Share	0.38	0.22	0.98	0.69	0.5	1.53	0.84	0.55	1.72	0.81	0.75	0.3	0.57	1.42	1.23
Book Value per Share	28.52	27.04	27.29	27.28	27.82	28.21	29.24	35.31	35.75	43.15	45.1	57.6	57.46	58.18	57.18
Tangible Book Value per Share	28.52	27.04	27.29	27.28	26.99	27.7	28.86	34.59	35.25	42.17	44.35	56.32	56.37	57.35	56.55