International Business Machines Corporation Financial Ratios — IBM

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 (%)	73.43	85.15	79.15	69.37	100.96	73.04	32.1	50.76	50.12	26.98	29.07	8.03	33.73	24.17	35.34
Return on Assets (%)	13.79	14.09	13.43	9.87	11.58	10.42	4.74	7.02	6.84	3.63	3.99	1.27	5.72	4.42	7.33
Return on Capital (%)	31.28	32.66	29.27	21.5	25.38	21.73	9.69	14.59	14.17	- -	8.59	- -	11.21	- -	- -
Return on Invested Capital (%)	29.29	29.96	27.33	23.47	23.01	21.71	9.86	14.41	8.7	- -	7.94	- -	9.52	- -	- -
Gross Margin (%)	46.89	48.95	49.49	50.01	49.77	48.19	46.68	46.41	54.64	55.94	54.9	54	55.45	56.65	58.19
EBITDA Margin (%)	24.51	26.08	25.41	24.81	23.91	22.44	22.02	21.4	22.44	15.09	22.9	21.39	21.58	23.32	24.94
Operating Margin (%)	20.5	22.35	21.86	21.92	20.2	18.36	16.6	16.61	13.06	8.45	11.97	13.5	15.17	16.05	18.5
Incremental Operating Margin (%)	27.49	- -	33.07	20.84	34.66	100.49	196.93	17.26	25.96	113.45	101.43	41.18	90.83	77.49	50.55
Pretax Margin (%)	19.64	21.91	20.58	21.54	19.51	15.43	14.41	14.25	12.49	4.66	8.43	1.91	14.05	9.24	15.29
Profit Margin (%)	14.83	16.14	16.76	12.96	16.14	14.85	7.27	10.97	16.34	10.13	10.01	2.71	12.13	9.6	15.68
Net Income to Common Margin (%)	14.83	16.14	16.76	12.96	16.14	14.85	7.27	10.97	16.34	10.13	10.01	2.71	12.13	9.6	15.68
Effective Tax Rate (%)	24.51	24.58	16.61	21.18	16.19	3.64	49.49	23.09	0.83	- -	2.56	- -	13.53	- -	- -
Dvd Payout Ratio (%)	21.9	22.2	24.04	27.08	36.64	44.24	95.62	64.95	79.86	147.43	124.55	333.6	80.38	102.19	59.17
Sustainable Growth Rate (%)	57.35	66.25	60.12	50.59	63.96	40.73	1.41	17.79	10.09	-12.8	-7.14	-18.76	6.62	-0.53	14.43

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	31,322	33,270	39,719	40,722	39,889	42,168	46,823	45,812	68,158	65,088	55,139	54,013	59,935	58,396	64,607
ST Debt	8,465	9,182	6,863	5,731	6,461	7,513	6,986	10,207	10,177	8,151	7,760	5,634	7,246	5,857	7,224
LT Debt	22,857	24,088	32,856	34,991	33,428	34,655	39,837	35,605	57,981	56,937	47,379	48,379	52,689	52,539	57,383
Total Debt/EBITDA	1.2	1.24	1.59	1.77	2.04	2.35	2.69	2.69	5.26	7.82	4.2	4.17	4.49	3.99	3.84
Net Debt/EBITDA	0.74	0.85	1.16	1.4	1.65	1.92	2	2.02	4.23	5.78	3.43	3.33	3.26	2.8	2.83
Total Debt/EBIT	1.46	1.5	1.96	2.2	2.54	3.11	3.63	3.65	9.89	39.91	8.21	6.63	6.7	5.86	5.46
Net Debt/EBIT	0.91	1.03	1.43	1.74	2.05	2.53	2.7	2.74	7.94	29.52	6.71	5.29	4.86	4.11	4.03
EBITDA to Interest Expense	63.77	58.46	62.17	47.57	41.76	28.47	28.33	23.56	9.64	6.46	11.37	10.65	8.31	8.55	8.7
EBITDA-CapEx/Interest Expense	52.41	48.18	51.87	38.93	32.89	21.88	22.2	18.07	7.47	3.96	8.98	9.03	7.18	7.57	7.81
EBIT to Interest Expense	53.34	50.09	53.48	42.02	35.27	23.3	21.36	18.28	5.61	3.62	5.94	6.72	5.84	5.88	6.46
Interest Expense	411	459	402	484	468	630	615	723	1,344	1,288	1,155	1,216	1,607	1,712	1,935
Common Equity/Total Assets	17.3	15.82	18.06	10.12	12.91	15.53	14.04	13.61	13.69	13.21	14.32	17.25	16.66	19.91	21.5
Long-Term Debt/Equity (%)	112.96	126.89	143.29	291.25	231.75	188.42	224.75	210.31	276.3	274.71	249.42	219.69	233	191.8	175.26
Long-Term Debt/Capital (%)	44.33	46.1	52.45	66.35	61.55	57.22	61.72	56.75	65.04	66.35	63.91	63.63	63.83	61.24	58.95
Long-Term Debt/Total Assets (%)	19.63	20.21	26.03	29.84	30.25	29.5	31.78	28.86	38.1	36.5	35.89	38.02	38.96	38.3	37.78
Total Debt/Equity (%)	154.79	175.25	173.23	338.95	276.55	229.27	264.16	270.6	324.79	314.04	290.27	245.28	265.05	213.18	197.33
Total Debt/Capital (%)	60.75	63.67	63.4	77.22	73.44	69.63	72.54	73.02	76.46	75.85	74.38	71.04	72.61	68.07	66.37
Total Debt/Total Assets (%)	26.9	27.91	31.47	34.72	36.1	35.9	37.35	37.13	44.79	41.73	41.77	42.45	44.32	42.57	42.54
Net Debt to Equity	95.87	120.41	126.49	268.4	223.26	186.72	196.62	203.38	260.79	232.29	237.17	195.55	192.27	149.77	145.61
Net Debt/Capital (%)	48.95	54.63	55.85	72.86	69.07	65.12	66.29	67.04	67.59	66.29	66.76	63.19	62.58	57.11	56.92
EBITDA	26,209	26,832	24,991	23,024	19,545	17,933	17,426	17,032	12,953	8,326	13,136	12,947	13,348	14,637	16,843
EBITDA-CapEx	21,542	22,115	20,851	18,841	15,394	13,783	13,653	13,068	10,046	5,096	10,368	10,975	11,538	12,952	15,105
Operating Income (Loss)	21,922	22,990	21,500	20,338	16,508	14,677	13,139	13,217	7,538	4,662	6,865	8,174	9,382	10,074	12,492

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	0.28	0.26	0.28	0.21	0.24	0.24	0.34	0.31	0.24	0.35	0.22	0.28	0.39	0.44	0.37
Current Ratio	1.21	1.13	1.28	1.2	1.24	1.21	1.33	1.29	1.02	0.98	0.88	0.92	0.96	1.04	0.96
Quick Ratio	0.98	0.96	1.07	1.02	1.07	1.04	1.18	1.11	0.87	0.77	0.66	0.73	0.8	0.86	0.8
CFO/Avg Current Liab	0.48	0.46	0.42	0.42	0.47	0.48	0.45	0.4	0.39	0.47	0.35	0.32	0.42	0.4	0.37
Common Equity/Total Assets	17.3	15.82	18.06	10.12	12.91	15.53	14.04	13.61	13.69	13.21	14.32	17.25	16.66	19.91	21.5
Long-Term Debt/Equity (%)	112.96	126.89	143.29	291.25	231.75	188.42	224.75	210.31	276.3	274.71	249.42	219.69	233	191.8	175.26
Long-Term Debt/Capital (%)	44.33	46.1	52.45	66.35	61.55	57.22	61.72	56.75	65.04	66.35	63.91	63.63	63.83	61.24	58.95
Long-Term Debt/Total Assets (%)	19.63	20.21	26.03	29.84	30.25	29.5	31.78	28.86	38.1	36.5	35.89	38.02	38.96	38.3	37.78
Total Debt/Equity (%)	154.79	175.25	173.23	338.95	276.55	229.27	264.16	270.6	324.79	314.04	290.27	245.28	265.05	213.18	197.33
Total Debt/Capital (%)	60.75	63.67	63.4	77.22	73.44	69.63	72.54	73.02	76.46	75.85	74.38	71.04	72.61	68.07	66.37
Total Debt/Total Assets (%)	26.9	27.91	31.47	34.72	36.1	35.9	37.35	37.13	44.79	41.73	41.77	42.45	44.32	42.57	42.54
CFO/Total Liabilities	20.63	19.54	16.93	16.03	17.96	17.24	15.54	14.32	11.26	13.45	11.32	9.92	12.37	12.25	11.07
CFO/CapEx	4.25	4.15	4.22	4.03	4.16	4.12	4.43	3.85	5.08	5.63	4.62	5.29	7.7	7.98	7.59
Altman's Z-Score	5.23	5.35	5.14	5.24	5.52	5.54	4.94	4.84	4.51	3.85	5.19	5.63	5.53	5.82	5.9

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	9.24	9.42	9.31	9.49	9.38	9.13	8.74	9.73	7.54	8.08	9.14	9.11	8.99	8.95	9.06
Days Sales Outstanding	39.51	38.76	39.21	38.46	38.9	40	41.76	37.51	48.39	45.18	39.92	40.08	40.58	40.77	40.31
Inventory Turnover	22.51	21.51	21.62	21.02	22.47	26.68	26.91	26.13	15.86	14.17	14.95	17.4	20.32	22.2	22.51
Days Inventory Outstanding	16.22	16.97	16.89	17.36	16.24	13.68	13.56	13.97	23.01	25.75	24.42	20.98	17.97	16.44	16.21
Accounts Payable Turnover	6.98	6.34	6.45	6.45	6.28	6.77	6.67	6.57	4.56	5.49	6.44	6.93	6.64	6.7	6.41
Accounts Payable Turnover Days	52.33	57.57	56.59	56.61	58.09	53.94	54.72	55.53	80.04	66.49	56.72	52.66	54.97	54.52	56.93
Cash Conversion Cycle	3.4	-1.85	-0.5	-0.79	-2.95	-0.26	0.61	-4.05	-8.64	4.44	7.62	8.41	3.58	2.69	-0.41
Inventory to Cash Days	23.29	21.79	22.32	21.1	22.66	26.31	28.2	23.54	25.38	19.43	15.5	19.1	22.61	24.33	24.09
Inventories	2,595	2,287	2,310	2,103	1,551	1,553	1,583	1,682	1,619	1,812	1,649	1,552	1,161	1,289	1,220
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	2,007	1,812	1,866	1,674	1,199	1,195	1,250	1,415	1,399	1,649	1,442	1,394	1,083	1,155	990
Finished Goods	589	475	444	430	352	358	333	266	220	163	208	158	78	134	230
Other Inventory	-1	- -	- -	-1	- -	- -	- -	1	- -	- -	-1	- -	- -	- -	- -

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	217,428	213,991	195,957	158,876	134,938	157,877	142,828	100,821	120,093	110,703	119,851	128,167	149,287	206,019	285,456
- Cash & Cash Equivalents	11,922	10,412	10,716	8,476	7,686	7,826	11,972	11,379	8,172	13,188	6,650	7,886	13,068	13,947	13,587
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	97	124	137	146	162	146	131	134	144	129	95	77	80	86	93
+ Total Debt	31,322	33,270	39,719	40,722	39,889	42,168	46,823	45,812	68,158	65,088	55,139	54,013	59,935	58,396	64,607
Enterprise Value	236,925	236,256	224,747	191,268	166,795	191,664	177,202	134,770	179,527	162,132	167,835	173,519	195,861	249,910	335,739
Total Capital	51,557	52,254	62,648	52,736	54,313	60,560	64,548	62,742	89,143	85,814	74,135	76,034	82,548	85,789	97,348
Total Debt/Capital (%)	60.75	63.67	63.4	77.22	73.44	69.63	72.54	73.02	76.46	75.85	74.38	71.04	72.61	68.07	66.37
Total Debt / EV	0.13	0.14	0.18	0.21	0.24	0.22	0.26	0.34	0.38	0.4	0.33	0.31	0.31	0.23	0.19
EV/Sales	2.22	2.3	2.28	2.06	2.04	2.4	2.24	1.69	3.11	2.94	2.93	2.87	3.17	3.98	4.97
EV/EBITDA	9.04	8.81	8.99	8.31	8.53	10.69	10.17	7.91	13.86	19.47	12.78	13.4	14.67	17.07	19.93
EV/EBIT	11.07	10.66	11.06	10.32	10.63	14.14	13.75	10.74	26.04	99.41	24.98	21.3	21.88	25.07	28.4
EV/Cash Flow to Firm	11.75	11.85	12.61	11.09	9.45	10.83	10.4	8.53	11.15	- -	12.06	- -	12.78	- -	- -
EV/Free Cash Flow to Firm	15.3	15.53	16.43	14.64	12.36	14.15	13.36	11.38	13.6	- -	15.05	- -	14.5	- -	- -
Diluted Market Cap	226,890	221,274	204,991	162,000	137,309	160,019	145,185	103,512	120,864	111,193	120,723	129,040	150,443	208,437	289,028
Diluted Enterprise Value	246,387	243,539	233,781	194,392	169,166	193,806	179,559	137,461	180,298	162,622	168,707	174,392	197,017	252,328	339,311
EV per Share	203.69	211.44	213.15	193.1	172.71	202.63	192.16	151.01	202.37	181.63	186.88	191.5	214.05	269.8	358.33
TTM Sales	106,916	102,874	98,368	92,793	81,742	79,920	79,139	79,591	57,714	55,179	57,351	60,530	61,860	62,753	67,536
TTM EBITDA	26,209	26,832	24,991	23,024	19,545	17,933	17,426	17,032	12,953	8,326	13,136	12,947	13,348	14,637	16,843
TTM Operating Income	21,922	22,990	21,500	20,338	16,508	14,677	13,139	13,217	7,538	4,662	6,865	8,174	9,382	10,074	12,492
TTM Cash Flow to Firm	20,156	19,932	17,820	17,249	17,647	17,691	17,035	15,803	16,103	- -	13,921	- -	15,321	- -	- -
TTM Free Cash Flow to Firm	15,489	15,215	13,680	13,066	13,496	13,541	13,262	11,839	13,196	- -	11,153	- -	13,511	- -	- -

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	14.95	14.88	15.36	12.77	10.48	12.37	11.21	9.17	10.19	7.43	12.04	15.25	12.41	17.72	25.23
EV/EBIT	11.07	10.66	11.06	10.32	10.63	14.14	13.75	10.74	26.04	99.41	24.98	21.3	21.88	25.07	28.4
Enterprise Value	236,925	236,256	224,747	191,268	166,795	191,664	177,202	134,770	179,527	162,132	167,835	173,519	195,861	249,910	335,739
Low Price	145.62	180.24	172.1	150	130.09	117.73	140.01	110.9	111.06	91.51	113.71	117.45	120.06	158.87	200.72
EV/Sales	2.22	2.3	2.28	2.06	2.04	2.4	2.24	1.69	3.11	2.94	2.93	2.87	3.17	3.98	4.97
EV/EBITDA	9.04	8.81	8.99	8.31	8.53	10.69	10.17	7.91	13.86	19.47	12.78	13.4	14.67	17.07	19.93
Price/Earnings	14.11	13.18	12.34	13.4	10.37	13.43	25.11	11.8	12.74	19.75	20.82	77.85	19.82	34.04	26.81
Price/Earnings Average	12.89	13.51	12.87	15.24	11.52	12.08	25.59	15.06	12.87	19.82	20.89	73.49	16.88	29.58	23.38
Price/Earnings High	14.67	14.53	14.37	16.63	13.07	13.58	29.62	17.72	14.38	24.92	23.76	83.23	20.2	36.43	28.2
Price/Earnings Low	10.99	12.4	11.43	12.53	9.65	9.47	22.7	11.59	10.45	14.58	17.74	64.64	14.58	24.31	17.67
Price/Book Value	10.8	11.35	8.6	13.39	9.46	8.65	8.12	6	5.76	5.37	6.34	5.84	6.63	7.54	8.74
Price/Book Value Average	9.86	11.63	8.97	15.22	10.51	7.78	8.27	7.66	5.82	5.39	6.36	5.51	5.64	6.56	7.62
Price/Book Value High	11.23	12.51	10.01	16.62	11.92	8.75	9.58	9.01	6.51	6.78	7.24	6.24	6.75	8.07	9.2
Price/Book Value Low	8.41	10.68	7.96	12.52	8.81	6.1	7.34	5.89	4.73	3.97	5.4	4.85	4.88	5.39	5.76
Price/Tangible Book Value	-22.96	-15.1	-15.98	-7.29	-6.35	-6.97	-6.23	-4.47	-2.28	-2.36	-2.43	-2.84	-3.07	-4.68	-6.14
Price/Tangible Book Value Average	-20.98	-15.48	-16.67	-8.29	-7.06	-6.27	-6.35	-5.7	-2.31	-2.37	-2.44	-2.68	-2.61	-4.06	-5.36
Price/Tangible Book Value High	-23.88	-16.65	-18.61	-9.05	-8	-7.05	-7.35	-6.71	-2.58	-2.98	-2.78	-3.03	-3.13	-5	-6.46
Price/Tangible Book Value Low	-17.89	-14.21	-14.8	-6.82	-5.91	-4.92	-5.63	-4.39	-1.87	-1.74	-2.07	-2.35	-2.26	-3.34	-4.05
Price/Sales	2.09	2.13	2.07	1.74	1.67	2	1.83	1.29	2.08	2	2.08	2.11	2.4	3.27	4.21
Price/Sales Average	1.91	2.18	2.16	1.97	1.86	1.79	1.86	1.65	2.1	2.01	2.09	1.99	2.05	2.84	3.67
Price/Sales High	2.18	2.35	2.41	2.15	2.11	2.02	2.15	1.94	2.35	2.52	2.38	2.25	2.45	3.5	4.42
Price/Sales Low	1.63	2	1.91	1.62	1.56	1.41	1.65	1.27	1.71	1.48	1.78	1.75	1.77	2.33	2.77
Price/Cash Flow	11.27	11.17	11.63	9.55	7.93	9.33	8.64	6.76	8.13	6.07	9.34	12.24	10.67	15.25	21.53
Price/Cash Flow Average	10.3	11.45	12.14	10.86	8.8	8.39	8.8	8.62	8.21	6.09	9.37	11.55	9.09	13.25	18.77
Price/Cash Flow High	11.72	12.32	13.55	11.85	9.99	9.44	10.19	10.14	9.18	7.66	10.66	13.08	10.88	16.32	22.64
Price/Cash Flow Low	8.78	10.51	10.77	8.93	7.38	6.58	7.81	6.63	6.67	4.48	7.96	10.16	7.85	10.89	14.18
Price/Free Cash Flow Average	13.66	15.26	16.02	14.52	11.64	11.12	11.42	11.7	10.29	7.46	12.08	14.39	10.57	15.4	22
Price/Free Cash Flow High	15.54	16.41	17.89	15.85	13.21	12.51	13.22	13.77	11.51	9.37	13.74	16.3	12.65	18.97	26.54
Price/Free Cash Flow Low	11.64	14.01	14.22	11.94	9.76	8.73	10.13	9.01	8.36	5.48	10.26	12.66	9.13	12.66	16.62
EV/Sales Average	2.04	2.35	2.37	2.3	2.22	2.2	2.27	2.04	3.13	2.95	2.93	2.75	2.81	3.55	4.43
EV/Sales High	2.3	2.51	2.61	2.47	2.47	2.42	2.56	2.33	3.38	3.46	3.22	3.01	3.21	4.21	5.19
EV/Sales Low	1.77	2.17	2.14	1.95	1.93	1.82	2.07	1.67	2.74	2.41	2.62	2.51	2.53	3.04	3.53
EV/EBITDA Average	8.32	9.01	9.33	9.25	9.3	9.8	10.32	9.54	13.95	19.52	12.81	12.85	13.02	15.23	17.76
EV/EBITDA High	9.37	9.62	10.28	9.97	10.33	10.79	11.64	10.88	15.06	22.95	14.06	14.09	14.89	18.06	20.81
EV/EBITDA Low	7.21	8.34	8.41	7.86	8.06	8.09	9.38	7.8	12.19	15.99	11.43	11.72	11.72	13.05	14.15
EV/EBIT Average	10.2	10.91	11.48	11.5	11.58	12.97	13.96	12.95	26.22	99.65	25.03	20.42	19.41	22.36	25.31
EV/EBIT High	11.48	11.66	12.65	12.39	12.87	14.28	15.74	14.76	28.3	117.18	27.5	22.39	22.2	26.52	29.65
EV/EBIT Low	8.83	10.09	10.35	9.77	10.04	10.71	12.69	10.59	22.91	81.62	22.34	18.63	17.47	19.16	20.16
Last Price	186.92	191.51	185.85	160.4	139.73	166.91	154.88	112.97	135.38	124.02	133.45	141.45	163.15	222.41	304.66
High Price	194.36	211.18	216.43	199.11	176.09	168.81	182.68	169.56	152.9	156.49	152.28	151.21	166.27	238.04	320.44
Enterprise Value Average	218,131	241,683	233,208	213,077	181,767	175,730	179,921	162,555	180,754	162,522	168,207	166,335	173,760	222,950	299,207
Enterprise Value High	245,576	258,236	256,993	229,616	201,910	193,458	202,840	185,282	195,073	191,118	184,739	182,365	198,711	264,390	350,523
Enterprise Value Low	188,876	223,656	210,246	180,971	157,489	145,139	163,488	132,923	157,958	133,119	150,102	151,772	156,433	191,052	238,348

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	1,163	1,117	1,054	991	966	946	922	892	887	893	898	906	915	926	937
Diluted Weighted Avg Shares	1,214	1,155	1,103	1,010	983	959	937	916	893	897	905	912	922	937	949
Basic Weighted Avg Shares	1,197	1,143	1,095	1,004	979	955	933	912	887	890	896	903	911	922	932
Revenue per Share	89.32	90.04	89.87	92.4	83.52	83.65	84.84	87.27	65.05	61.98	64.01	67.06	67.89	68.08	72.44
EBITDA per Share	21.9	23.49	22.83	22.93	19.97	18.77	18.68	18.68	14.6	9.35	14.66	14.34	14.65	15.88	18.07
Operating Income per Share	18.31	20.12	19.64	20.25	16.87	15.36	14.09	14.49	8.5	5.24	7.66	9.06	10.3	10.93	13.4
Basic EPS, GAAP	13.25	14.53	15.06	11.97	13.48	12.43	6.17	9.57	10.63	6.28	6.41	1.82	8.23	6.53	11.36
Basic EPS from Cont Ops	13.25	14.88	15.42	15.68	13.65	12.44	6.17	9.56	8.05	4.42	5.26	1.98	8.25	6.53	11.34
Diluted EPS, GAAP	13.06	14.37	14.94	11.9	13.42	12.38	6.14	9.53	10.56	6.23	6.35	1.8	8.14	6.43	11.17
Diluted EPS from Cont Ops	13.06	14.71	15.3	15.6	13.6	12.39	6.14	9.52	8	4.39	5.21	1.95	8.15	6.42	11.14
Dividend per Share	2.9	3.3	3.71	4.25	5	5.5	5.9	6.21	6.43	6.51	6.55	6.59	6.63	6.67	6.71
Cash Flow per Share	16.58	17.14	15.98	16.8	17.63	17.88	17.93	16.72	16.65	20.44	14.28	11.56	15.29	14.59	14.15
Free Cash Flow per Basic Share	12.68	13.01	12.19	12.63	13.39	13.54	13.88	12.37	13.37	16.81	11.19	9.38	13.3	12.76	12.29
Cash & Equivalents per Share	10.25	9.96	10.5	8.56	8.48	9.02	13.64	13.44	10	15.45	8.07	9.64	14.69	15.75	15.39
Book Value per Share	17.31	16.88	21.62	11.98	14.77	19.29	19.08	18.82	23.49	23.07	21.05	24.22	24.63	29.48	34.84
Tangible Book Value per Share	-8.14	-12.69	-11.63	-22	-22	-23.94	-24.87	-25.27	-59.31	-52.55	-54.84	-49.87	-53.2	-47.57	-49.59