Fastenal Company Financial Ratios — FAS 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 (%)	26.11	27.86	26.92	26.8	27.79	26.75	28.71	34.18	31.84	31.83	32.03	35.03	35.47	33.04	33.29
Return on Assets (%)	22.7	24.03	23.06	22.28	21.11	19.2	20.74	24.13	22.21	22.13	22.39	24.57	25.63	25.12	25.81
Return on Capital (%)	26.11	27.86	26.92	26.19	24.85	22.43	24.18	28.66	26.45	26.1	26.41	28.72	29.64	28.96	29.77
Return on Invested Capital (%)	25.82	27.34	26.33	25.54	24.21	21.99	23.79	28.13	25.98	25.71	25.96	28.29	29.33	28.65	29.4
Gross Margin (%)	51.83	51.52	51.7	50.82	50.37	49.59	49.28	48.32	47.16	45.47	46.2	46.07	45.66	45.08	45.01
EBITDA Margin (%)	22.38	23.22	23.36	23.04	23.66	22.71	22.99	22.91	22.61	23.09	23.09	23.35	23.22	22.34	22.38
Operating Margin (%)	20.77	21.49	21.41	21.07	21.38	20.07	20.06	20.11	19.82	20.22	20.25	20.82	20.81	20.01	20.19
Incremental Operating Margin (%)	29.17	26.86	20.11	18.31	30.05	- -	19.95	20.52	15.87	26.98	20.79	24.36	20.51	- -	22.26
Pretax Margin (%)	20.78	21.51	21.45	21.09	21.35	19.93	19.89	19.88	19.57	20.06	20.09	20.63	20.72	19.99	20.18
Profit Margin (%)	12.94	13.42	13.49	13.24	13.35	12.6	13.18	15.14	14.83	15.21	15.39	15.57	15.72	15.25	15.35
Net Income to Common Margin (%)	12.94	13.42	13.49	13.24	13.35	12.6	13.18	15.14	14.83	15.21	15.39	15.57	15.72	15.25	15.35
Effective Tax Rate (%)	37.76	37.62	37.12	37.25	37.49	36.76	33.73	23.82	24.22	24.15	23.41	24.52	24.11	23.71	23.96
Dvd Payout Ratio (%)	53.57	87.34	52.93	60.02	63.34	69.4	63.79	58.77	63.04	93.52	69.59	65.44	88.03	77.64	79.8
Sustainable Growth Rate (%)	12.12	3.53	12.67	10.71	10.19	8.18	10.4	14.09	11.77	2.06	9.74	12.11	4.24	7.39	6.72

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	- -	- -	- -	90	365	390	415	500	591	650	637	802	535	485	442
ST Debt	- -	- -	- -	90	62	11	3	3	100	134	151	294	156	174	131
LT Debt	- -	- -	- -	- -	303	380	412	497	490	517	486	508	379	312	311
Total Debt/EBITDA	- -	- -	- -	0.1	0.4	0.43	0.41	0.44	0.49	0.5	0.46	0.49	0.31	0.29	0.24
Net Debt/EBITDA	-0.19	-0.11	-0.08	-0.03	0.26	0.31	0.3	0.29	0.14	0.12	0.11	0.2	0.02	-0.03	-0.08
Total Debt/EBIT	- -	- -	- -	0.11	0.44	0.49	0.47	0.5	0.56	0.57	0.52	0.55	0.35	0.32	0.27
Net Debt/EBIT	-0.2	-0.12	-0.08	-0.03	0.28	0.35	0.34	0.33	0.16	0.14	0.13	0.22	0.03	-0.04	-0.09
EBITDA to Interest Expense	- -	- -	6,874.76	940.18	295.29	138.43	110.9	90.27	86.76	134.45	143.1	114	157.96	230.88	295.95
EBITDA-CapEx/Interest Expense	- -	- -	5,046.97	733.1	245.23	109.28	97.73	76.28	69.03	117.12	126.96	101.85	141.96	199.85	256.39
EBIT to Interest Expense	- -	- -	6,301.01	859.7	266.9	122.35	96.79	79.26	76.06	117.71	125.51	101.65	141.55	206.85	267.05
Interest Expense	- -	- -	- -	1	3	7	9	13	14	10	10	14	11	7	6
Common Equity/Total Assets	86.59	85.93	85.4	81.18	71.13	72.43	72.05	69.33	70.15	68.94	70.77	69.54	75.04	76.98	78.05
Long-Term Debt/Equity (%)	- -	- -	- -	- -	16.82	19.63	19.65	21.58	18.39	18.9	15.98	16.07	11.31	8.62	7.88
Long-Term Debt/Capital (%)	- -	- -	- -	- -	13.98	16.34	16.4	17.73	15.05	15.27	13.21	12.82	9.75	7.6	7.09
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	11.96	14.22	14.16	14.96	12.9	13.03	11.3	11.18	8.49	6.63	6.15
Total Debt/Equity (%)	- -	- -	- -	4.7	20.26	20.17	19.79	21.71	22.16	23.79	20.93	25.36	15.98	13.42	11.21
Total Debt/Capital (%)	- -	- -	- -	4.49	16.85	16.79	16.52	17.84	18.14	19.21	17.31	20.23	13.78	11.83	10.08
Total Debt/Total Assets (%)	- -	- -	- -	3.82	14.41	14.61	14.26	15.05	15.54	16.4	14.81	17.63	11.99	10.33	8.75
Net Debt to Equity	-8.07	-5.1	-3.3	-1.28	13.1	14.34	14.22	14.45	6.38	5.83	5.06	10.27	1.16	-1.54	-3.85
Net Debt/Capital (%)	-8.77	-5.38	-3.41	-1.3	11.58	12.55	12.45	12.63	5.52	5.08	4.47	8.7	1.06	-1.45	-3.69
EBITDA	619	728	777	860	915	900	1,009	1,137	1,206	1,304	1,388	1,630	1,706	1,685	1,835
EBITDA-CapEx	499	589	570	671	760	710	889	961	960	1,136	1,232	1,456	1,533	1,459	1,590
Operating Income (Loss)	575	673	712	787	827	795	881	999	1,057	1,142	1,217	1,454	1,529	1,510	1,656

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	0.77	0.39	0.25	0.31	0.35	0.41	0.33	0.38	0.32	0.4	0.35	0.29	0.33	0.37	0.39
Current Ratio	6.58	6.3	5.87	4.22	4.46	6.24	5.51	5.3	4.51	4.08	4.19	3.96	4.57	4.67	4.85
Quick Ratio	2.57	2.21	1.97	1.54	1.6	2.22	2.06	2.02	1.68	1.66	1.67	1.57	1.98	1.99	2.13
CFO/Avg Current Liab	1.53	2.02	1.87	1.62	1.47	1.6	1.87	1.71	1.72	1.9	1.19	1.28	1.97	1.74	1.85
Common Equity/Total Assets	86.59	85.93	85.4	81.18	71.13	72.43	72.05	69.33	70.15	68.94	70.77	69.54	75.04	76.98	78.05
Long-Term Debt/Equity (%)	- -	- -	- -	- -	16.82	19.63	19.65	21.58	18.39	18.9	15.98	16.07	11.31	8.62	7.88
Long-Term Debt/Capital (%)	- -	- -	- -	- -	13.98	16.34	16.4	17.73	15.05	15.27	13.21	12.82	9.75	7.6	7.09
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	11.96	14.22	14.16	14.96	12.9	13.03	11.3	11.18	8.49	6.63	6.15
Total Debt/Equity (%)	- -	- -	- -	4.7	20.26	20.17	19.79	21.71	22.16	23.79	20.93	25.36	15.98	13.42	11.21
Total Debt/Capital (%)	- -	- -	- -	4.49	16.85	16.79	16.52	17.84	18.14	19.21	17.31	20.23	13.78	11.83	10.08
Total Debt/Total Assets (%)	- -	- -	- -	3.82	14.41	14.61	14.26	15.05	15.54	16.4	14.81	17.63	11.99	10.33	8.75
CFO/Total Liabilities	118.82	155.12	137.29	112.5	75.26	70.66	71.93	66.18	74.29	89.47	61.27	67.92	128.6	108.47	116.82
CFO/CapEx	2.24	2.86	2.01	2.64	3.55	2.74	4.88	3.82	3.42	6.55	4.92	5.41	8.29	5.18	5.28
Altman's Z-Score	39.28	36.89	32.45	23.66	14.1	15.26	15.87	12.79	15.06	17.82	21.59	15.98	24.35	27.43	29.91

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	9.09	8.82	8.46	8.52	8.32	8.19	7.93	7.51	7.33	7.47	7.2	7.3	6.99	6.87	6.97
Days Sales Outstanding	40.15	41.39	43.15	42.84	43.89	44.59	46.04	48.6	49.82	48.84	50.69	50.02	52.19	53.12	52.39
Inventory Turnover	2.21	2.23	2.14	2.22	2.15	2.1	2.14	2.16	2.13	2.28	2.26	2.33	2.47	2.62	2.66
Days Inventory Outstanding	164.81	163.58	170.32	164.33	169.4	174.19	170.94	168.66	171.28	160.24	161.47	156.65	147.69	139.5	137.32
Accounts Payable Turnover	21.18	20.93	19.79	19.69	17.09	17.69	18.16	16.14	15.04	15.26	15.54	16.18	14.67	15.46	15.26
Accounts Payable Turnover Days	17.24	17.44	18.44	18.54	21.36	20.63	20.1	22.62	24.27	23.92	23.49	22.56	24.89	23.6	23.92
Cash Conversion Cycle	187.73	187.53	195.04	188.63	191.93	198.15	196.88	194.64	196.84	185.16	188.68	184.12	174.99	169.01	165.79
Inventory to Cash Days	-124.66	-122.18	-127.17	-121.49	-125.52	-129.6	-124.91	-120.06	-121.46	-111.4	-110.78	-106.63	-95.5	-86.39	-84.94
Inventories	646	715	784	869	913	993	1,093	1,279	1,366	1,338	1,524	1,708	1,523	1,645	1,748
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	646	715	784	869	913	993	1,093	1,279	1,366	1,338	1,524	1,708	1,523	1,645	1,748

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	13,023	13,660	14,096	14,236	12,022	13,642	15,863	14,660	21,108	28,584	37,050	27,211	36,930	41,540	47,111
- Cash & Cash Equivalents	118	80	59	114	129	113	117	167	175	246	236	230	221	256	277
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	90	365	390	415	500	591	650	637	802	535	485	442
Enterprise Value	12,878	13,580	14,037	14,211	12,258	13,919	16,161	14,993	21,523	28,989	37,450	27,783	37,244	41,769	47,276
Total Capital	1,459	1,560	1,773	2,005	2,166	2,323	2,512	2,803	3,256	3,383	3,679	3,965	3,884	4,102	4,386
Total Debt/Capital (%)	- -	- -	- -	4.49	16.85	16.79	16.52	17.84	18.14	19.21	17.31	20.23	13.78	11.83	10.08
Total Debt / EV	- -	- -	- -	0.01	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.03	0.01	0.01	0.01
EV/Sales	4.65	4.33	4.22	3.81	3.17	3.51	3.68	3.02	4.04	5.13	6.23	3.98	5.07	5.54	5.76
EV/EBITDA	20.79	18.66	18.07	16.52	13.39	15.47	16.01	13.18	17.85	22.23	26.98	17.04	21.83	24.78	25.76
EV/EBIT	22.41	20.16	19.7	18.04	14.79	17.49	18.33	15	20.36	25.39	30.76	19.11	24.36	27.66	28.55
EV/Cash Flow to Firm	47.97	34.27	33.73	28.42	22.2	26.56	27.33	21.93	25.23	26.14	48.17	29.19	25.85	35.43	36.35
EV/Free Cash Flow to Firm	86.75	52.66	66.95	45.77	30.87	41.61	34.29	29.54	35.47	30.8	60.31	35.71	29.37	43.86	44.8
Diluted Market Cap	13,050	13,687	14,140	14,305	12,124	13,642	15,902	14,727	21,118	28,661	37,155	27,439	36,996	41,611	47,203
Diluted Enterprise Value	12,905	13,607	14,081	14,281	12,360	13,919	16,200	15,059	21,533	29,065	37,555	28,011	37,310	41,840	47,368
EV per Share	10.9	11.45	11.83	12.01	10.58	12.03	14.05	13.11	18.74	25.24	32.54	24.34	32.56	36.43	41.18
TTM Sales	2,767	3,134	3,326	3,734	3,869	3,962	4,391	4,965	5,334	5,647	6,011	6,981	7,347	7,546	8,201
TTM EBITDA	619	728	777	860	915	900	1,009	1,137	1,206	1,304	1,388	1,630	1,706	1,685	1,835
TTM Operating Income	575	673	712	787	827	795	881	999	1,057	1,142	1,217	1,454	1,529	1,510	1,656
TTM Cash Flow to Firm	268	396	416	500	552	524	591	684	853	1,109	778	952	1,441	1,179	1,301
TTM Free Cash Flow to Firm	148	258	210	310	397	335	471	507	607	941	621	778	1,268	952	1,055

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	87.91	53.07	67.47	46.16	30.69	41.29	34.18	29.58	35.41	30.7	60.56	35.77	29.36	43.95	44.93
EV/EBIT	22.41	20.16	19.7	18.04	14.79	17.49	18.33	15	20.36	25.39	30.76	19.11	24.36	27.66	28.55
Enterprise Value	12,878	13,580	14,037	14,211	12,258	13,919	16,161	14,993	21,523	28,989	37,450	27,783	37,244	41,769	47,276
Low Price	7.25	9.56	11	10.11	8.87	8.99	9.93	11.87	12.59	13.84	21.97	22.22	23.26	30.81	20.34
EV/Sales	4.65	4.33	4.22	3.81	3.17	3.51	3.68	3.02	4.04	5.13	6.23	3.98	5.07	5.54	5.76
EV/EBITDA	20.79	18.66	18.07	16.52	13.39	15.47	16.01	13.18	17.85	22.23	26.98	17.04	21.83	24.78	25.76
Price/Earnings	36.36	32.43	31.42	28.87	23.43	27.3	27.47	19.57	26.65	33.25	40.01	25.17	31.94	36.06	37.42
Price/Earnings Average	27.73	31.68	32.11	27.94	23.1	25.3	23.26	20.74	23.35	27.67	33.07	27.57	27.51	35.23	38.1
Price/Earnings High	36.36	38.45	34.96	30.74	26.81	28.67	27.47	23.15	27.17	33.49	40.01	33.73	32.54	42.1	45.99
Price/Earnings Low	23.9	26.92	29.11	24.28	20.02	20.82	19.78	18.12	18.25	18.49	27.3	23.46	23.01	30.67	18.55
Price/Book Value	8.93	8.75	7.95	7.43	6.67	7.06	7.56	6.37	7.92	10.46	12.18	8.6	11.03	11.49	11.95
Price/Book Value Average	6.81	8.55	8.13	7.19	6.58	6.54	6.4	6.75	6.94	8.7	10.07	9.42	9.5	11.22	12.16
Price/Book Value High	8.93	10.38	8.85	7.91	7.64	7.41	7.56	7.53	8.07	10.53	12.18	11.53	11.24	13.41	14.68
Price/Book Value Low	5.87	7.27	7.37	6.25	5.7	5.38	5.45	5.89	5.42	5.81	8.31	8.02	7.95	9.77	5.92
Price/Tangible Book Value	8.93	8.75	7.95	7.43	6.67	7.06	7.56	6.37	7.92	10.46	12.18	8.6	11.03	11.49	11.95
Price/Tangible Book Value Average	6.81	8.55	8.13	7.19	6.58	6.54	6.4	6.75	6.94	8.7	10.07	9.42	9.5	11.22	12.16
Price/Tangible Book Value High	8.93	10.38	8.85	7.91	7.64	7.41	7.56	7.53	8.07	10.53	12.18	11.53	11.24	13.41	14.68
Price/Tangible Book Value Low	5.87	7.27	7.37	6.25	5.7	5.38	5.45	5.89	5.42	5.81	8.31	8.02	7.95	9.77	5.92
Price/Sales	4.7	4.35	4.24	3.82	3.13	3.44	3.62	2.96	3.95	5.06	6.16	3.92	5.02	5.5	5.74
Price/Sales Average	3.59	4.25	4.33	3.7	3.08	3.19	3.07	3.14	3.46	4.21	5.09	4.29	4.32	5.37	5.85
Price/Sales High	4.7	5.16	4.72	4.07	3.58	3.61	3.62	3.51	4.03	5.1	6.16	5.25	5.12	6.42	7.06
Price/Sales Low	3.09	3.61	3.93	3.21	2.67	2.62	2.61	2.74	2.71	2.81	4.2	3.65	3.62	4.68	2.85
Price/Cash Flow	48.47	34.41	33.88	28.57	21.99	26.22	27.16	21.83	25.01	25.93	48.05	29.07	25.75	35.37	36.34
Price/Cash Flow Average	36.97	33.62	34.62	27.65	21.68	24.3	23	23.13	21.91	21.58	39.72	31.85	22.18	34.55	37
Price/Cash Flow High	48.47	40.8	37.7	30.42	25.16	27.54	27.16	25.82	25.5	26.12	48.05	38.96	26.23	41.29	44.66
Price/Cash Flow Low	31.86	28.57	31.38	24.02	18.79	20	19.56	20.2	17.13	14.42	32.8	27.09	18.55	30.07	18.01
Price/Free Cash Flow Average	67.05	51.85	68.96	44.68	30.26	38.26	28.93	31.34	31.04	25.55	50.06	39.19	25.29	42.94	45.74
Price/Free Cash Flow High	87.91	62.92	75.08	49.15	35.12	43.36	34.18	34.99	36.11	30.92	60.56	47.94	29.92	51.31	55.21
Price/Free Cash Flow Low	57.78	44.06	62.51	38.81	26.22	31.49	24.6	27.38	24.26	17.07	41.33	33.34	21.16	37.37	22.27
EV/Sales Average	3.54	4.23	4.31	3.68	3.12	3.26	3.13	3.2	3.55	4.28	5.16	4.35	4.37	5.41	5.87
EV/Sales High	4.65	5.14	4.7	4.05	3.62	3.69	3.68	3.56	4.11	5.17	6.23	5.31	5.16	6.46	7.08
EV/Sales Low	3.04	3.59	3.91	3.2	2.72	2.7	2.67	2.8	2.79	2.89	4.27	3.72	3.67	4.71	2.87
EV/EBITDA Average	15.8	18.23	18.47	15.99	13.21	14.36	13.6	13.95	15.68	18.55	22.35	18.64	18.83	24.21	26.23
EV/EBITDA High	20.79	22.14	20.12	17.59	15.29	16.23	16.01	15.54	18.19	22.39	26.98	22.72	22.24	28.91	31.64
EV/EBITDA Low	13.59	15.47	16.74	13.89	11.48	11.87	11.61	12.22	12.33	12.5	18.5	15.91	15.78	21.09	12.82
EV/EBIT Average	17.03	19.69	20.13	17.46	14.59	16.24	15.57	15.88	17.89	21.19	25.48	20.9	21.01	27.03	29.07
EV/EBIT High	22.41	23.92	21.93	19.22	16.88	18.35	18.33	17.69	20.75	25.57	30.76	25.49	24.82	32.27	35.07
EV/EBIT Low	14.65	16.71	18.24	15.17	12.68	13.42	13.29	13.91	14.07	14.27	21.1	17.84	17.61	23.54	14.2
Last Price	11.03	11.52	11.88	12.03	10.38	11.79	13.79	12.82	18.38	24.89	32.19	23.84	32.28	36.23	41.04
High Price	11.03	13.65	13.22	12.81	11.88	12.39	13.79	15.16	18.75	25.07	32.19	31.95	32.89	42.3	50.43
Enterprise Value Average	9,788	13,264	14,348	13,754	12,089	12,920	13,728	15,865	18,913	24,194	31,025	30,385	32,122	40,811	48,128
Enterprise Value High	12,878	16,115	15,627	15,134	13,994	14,604	16,161	17,675	21,940	29,197	37,450	37,045	37,938	48,727	58,059
Enterprise Value Low	8,415	11,260	13,001	11,946	10,508	10,681	11,718	13,903	14,874	16,297	25,686	25,935	26,928	35,552	23,518

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	1,181	1,186	1,187	1,183	1,158	1,157	1,150	1,144	1,148	1,148	1,151	1,142	1,144	1,147	1,148
Diluted Weighted Avg Shares	1,183	1,189	1,191	1,189	1,168	1,157	1,153	1,149	1,149	1,151	1,154	1,151	1,146	1,149	1,150
Basic Weighted Avg Shares	1,180	1,184	1,187	1,186	1,166	1,156	1,153	1,148	1,146	1,148	1,150	1,148	1,143	1,145	1,148
Revenue per Share	2.34	2.65	2.8	3.15	3.32	3.43	3.81	4.33	4.65	4.92	5.23	6.08	6.43	6.59	7.15
EBITDA per Share	0.52	0.61	0.65	0.73	0.79	0.78	0.88	0.99	1.05	1.14	1.21	1.42	1.49	1.47	1.6
Operating Income per Share	0.49	0.57	0.6	0.66	0.71	0.69	0.76	0.87	0.92	0.99	1.06	1.27	1.34	1.32	1.44
Basic EPS, GAAP	0.3	0.36	0.38	0.42	0.44	0.43	0.5	0.65	0.69	0.75	0.8	0.95	1.01	1	1.1
Basic EPS from Cont Ops	0.3	0.36	0.38	0.42	0.44	0.43	0.5	0.65	0.69	0.75	0.8	0.95	1.01	1	1.1
Diluted EPS, GAAP	0.3	0.35	0.38	0.42	0.44	0.43	0.5	0.65	0.69	0.75	0.8	0.94	1.01	1	1.09
Diluted EPS from Cont Ops	0.3	0.35	0.38	0.42	0.44	0.43	0.5	0.65	0.69	0.75	0.8	0.94	1.01	1	1.09
Dividend per Share	0.16	0.31	0.2	0.25	0.28	0.3	0.32	0.38	0.43	0.7	0.56	0.62	0.89	0.78	0.88
Cash Flow per Share	0.23	0.33	0.35	0.42	0.47	0.45	0.51	0.59	0.74	0.96	0.67	0.82	1.25	1.02	1.13
Free Cash Flow per Basic Share	0.13	0.22	0.18	0.26	0.34	0.29	0.4	0.43	0.52	0.81	0.53	0.67	1.1	0.83	0.92
Cash & Equivalents per Share	0.12	0.07	0.05	0.1	0.11	0.1	0.1	0.15	0.15	0.21	0.21	0.2	0.19	0.22	0.24
Book Value per Share	1.24	1.32	1.49	1.62	1.56	1.67	1.82	2.01	2.32	2.38	2.64	2.77	2.93	3.15	3.44
Tangible Book Value per Share	1.24	1.32	1.49	1.62	1.56	1.67	1.82	2.01	2.32	2.38	2.64	2.77	2.93	3.15	3.44