Crown Castle Inc. Financial Ratios — 8CW 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 (%)	6.13	6.98	1.6	5.08	21.4	4.42	3.1	4.26	6.77	10.02	12.37	21.33	21.72	- -	- -
Return on Assets (%)	1.63	1.42	0.49	1.87	7.06	1.6	1.33	1.91	2.42	2.73	2.82	4.3	3.88	-10.95	1.38
Return on Capital (%)	6.08	- -	1.24	- -	- -	4.25	3.72	4.31	4.81	4.93	4.89	6.63	6.54	-9.36	4.8
Return on Invested Capital (%)	7.02	- -	1.27	- -	- -	4.65	3.75	4.73	4.86	5.28	5.61	6.8	5.84	6.48	7.16
Gross Margin (%)	71.05	70.03	65.42	63.08	63.93	63.25	63.74	65.66	65.54	66.28	68.56	70.4	73.28	75.56	74.09
EBITDA Margin (%)	61.26	59.9	56.6	54.44	54.11	52.49	51.89	54.19	54.33	59.43	57.49	59.15	60.92	63.99	64.85
Operating Margin (%)	35.32	30.28	30.8	26.69	27.05	24.18	24.47	24.77	27.57	31.71	29.62	34.83	46.05	49.3	48.92
Incremental Operating Margin (%)	172.07	4.66	33.76	9.17	37.35	- -	27.84	25.92	65.9	341.56	5.2	85.91	11.23	- -	57.65
Pretax Margin (%)	8.85	4.14	8.76	9.47	12.93	9.54	9.21	11.94	15.29	18.42	18.6	24.21	26.57	26.46	26.24
Profit Margin (%)	8.42	7.75	3.14	11.04	41.51	9.1	8.6	11.58	14.92	18.08	17.29	23.98	31.73	-87.51	10.41
Net Income to Common Margin (%)	7.29	7.64	2.75	9.79	40.31	8.26	7.24	9.48	12.96	17.11	17.29	23.98	31.73	-87.51	10.41
Effective Tax Rate (%)	4.64	- -	76.1	- -	- -	4.55	6.63	2.96	2.38	1.86	1.78	0.95	1.67	1.53	1.43
Dvd Payout Ratio (%)	-2.32	-0.07	-21.67	201.12	230.37	385.8	480.84	350.1	255.96	213.51	204.92	155.34	220.13	234.85	188.58
Sustainable Growth Rate (%)	6.27	6.99	1.94	-5.14	-27.9	-12.64	-11.79	-10.65	-10.56	-11.37	-12.98	-11.8	-26.09	- -	- -

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	6,886	11,611	11,595	11,921	12,150	12,171	16,159	16,682	23,931	25,417	27,009	27,960	28,814	29,380	29,566
ST Debt	33	688	104	113	106	102	115	107	399	458	421	1,169	1,167	867	3,051
LT Debt	6,853	10,923	11,491	11,808	12,044	12,069	16,044	16,575	23,532	24,959	26,588	26,791	27,647	28,513	26,515
Total Debt/EBITDA	5.53	7.97	7.15	6.19	6.13	5.91	7.32	5.73	7.64	7.32	7.41	6.77	9.99	10.29	10.69
Net Debt/EBITDA	5.47	7.66	7.01	6.11	6.04	5.64	7.18	5.64	5.73	5.49	5.58	5.22	7.91	8.39	8.77
Total Debt/EBIT	9.95	13.91	13.17	12.67	12.84	12.83	16.71	12.06	15.35	13.64	13.5	11.53	13.74	13.87	14.25
Net Debt/EBIT	9.83	13.38	12.91	12.51	12.65	12.23	16.39	11.86	11.5	10.22	10.16	8.9	10.88	11.31	11.68
EBITDA to Interest Expense	2.96	2.84	3.26	3.94	4.09	4.17	3.87	4.69	4.73	5.21	5.77	6.14	3.52	3.17	2.94
EBITDA-CapEx/Interest Expense	2.96	2.84	3.26	3.94	4.09	4.17	3.87	4.69	4.73	5.21	5.77	6.14	3.52	3.17	2.94
EBIT to Interest Expense	1.71	1.44	1.78	1.93	2.04	1.92	1.83	2.15	2.4	2.78	2.97	3.62	2.66	2.44	2.22
Interest Expense	421	513	497	489	485	494	570	620	662	666	632	673	820	900	941
Common Equity/Total Assets	22.63	18.27	33.63	31.76	32.32	33.33	38.29	35.32	27.27	24.4	21.15	19.14	16.56	-0.41	-5.19
Long-Term Debt/Equity (%)	254.59	370.12	165.55	175.26	169.89	159.71	130.03	143.25	224.35	263.81	321.97	359.66	433.27	- -	- -
Long-Term Debt/Capital (%)	71.55	75.01	61.99	63.28	62.6	61.18	56.3	58.67	68.37	71.56	75.39	75.66	78.55	97.49	94.93
Long-Term Debt/Total Assets (%)	64.99	67.89	55.79	55.85	54.9	53.23	49.78	50.59	61.19	64.38	68.1	68.83	71.76	87.1	84.13
Total Debt/Equity (%)	255.79	393.43	167.04	176.94	171.39	161.06	130.96	144.17	228.15	268.65	327.06	375.35	451.56	-22,090.23	-1,808.32
Total Debt/Capital (%)	71.89	79.73	62.55	63.89	63.15	61.69	56.7	59.05	69.53	72.87	76.58	78.96	81.87	100.45	105.85
Total Debt/Total Assets (%)	65.3	72.17	56.3	56.38	55.39	53.68	50.14	50.92	62.23	65.56	69.18	71.84	74.79	89.75	93.81
Net Debt to Equity	252.82	378.48	163.82	174.69	168.86	153.54	128.41	141.78	170.89	201.33	246.27	289.61	357.56	-18,010.53	-1,482.45
Net Debt/Capital (%)	71.66	79.1	62.1	63.6	62.81	60.56	56.22	58.64	52.38	54.98	58.15	61.19	65.02	82.18	87.09
EBITDA	1,245	1,457	1,622	1,926	1,982	2,058	2,208	2,910	3,131	3,471	3,645	4,132	2,884	2,854	2,765
EBITDA-CapEx	1,245	1,457	1,622	1,926	1,982	2,058	2,208	2,910	3,131	3,471	3,645	4,132	2,884	2,854	2,765
Operating Income (Loss)	718	737	883	944	991	948	1,041	1,330	1,589	1,852	1,878	2,433	2,180	2,199	2,086

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	0.2	0.36	0.3	0.16	0.21	0.59	0.24	0.18	0.1	0.12	0.14	0.06	0.04	0.05	0.02
Current Ratio	1.49	1.28	1.18	1.38	1.15	1.38	0.88	0.82	0.63	0.56	0.62	0.45	0.4	0.5	0.26
Quick Ratio	0.39	0.51	0.63	0.5	0.58	0.98	0.55	0.52	0.41	0.34	0.46	0.32	0.27	0.18	0.1
CFO/Avg Current Liab	1.53	0.94	1.24	1.97	2.01	1.97	1.8	1.79	1.58	1.57	1.37	1.21	1.18	1.24	0.92
Common Equity/Total Assets	22.63	18.27	33.63	31.76	32.32	33.33	38.29	35.32	27.27	24.4	21.15	19.14	16.56	-0.41	-5.19
Long-Term Debt/Equity (%)	254.59	370.12	165.55	175.26	169.89	159.71	130.03	143.25	224.35	263.81	321.97	359.66	433.27	- -	- -
Long-Term Debt/Capital (%)	71.55	75.01	61.99	63.28	62.6	61.18	56.3	58.67	68.37	71.56	75.39	75.66	78.55	97.49	94.93
Long-Term Debt/Total Assets (%)	64.99	67.89	55.79	55.85	54.9	53.23	49.78	50.59	61.19	64.38	68.1	68.83	71.76	87.1	84.13
Total Debt/Equity (%)	255.79	393.43	167.04	176.94	171.39	161.06	130.96	144.17	228.15	268.65	327.06	375.35	451.56	-22,090.23	-1,808.32
Total Debt/Capital (%)	71.89	79.73	62.55	63.89	63.15	61.69	56.7	59.05	69.53	72.87	76.58	78.96	81.87	100.45	105.85
Total Debt/Total Assets (%)	65.3	72.17	56.3	56.38	55.39	53.68	50.14	50.92	62.23	65.56	69.18	71.84	74.79	89.75	93.81
CFO/Total Liabilities	8.19	5.88	9.06	11.57	12.08	11.82	10.22	11.8	9.65	10.42	8.86	9.14	9.72	8.95	9.22
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	1.36	1.47	1.45	1.42	1.32	1.25	1.35	1.66	1.07	0.68	0.13	-0.13

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	29.64	18.01	12.94	12.57	11.69	11.42	11.03	11.95	10.51	11.37	11.89	10.31	7.19	10.02	13.49
Days Sales Outstanding	12.32	20.26	28.2	29.05	31.21	31.97	33.09	30.55	34.74	32.09	30.69	35.4	50.77	36.42	27.05
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	- -	- -	- -	26,436	29,333	31,425	44,604	44,991	58,716	67,630	89,243	59,625	50,172	39,049	38,191
- Cash & Cash Equivalents	80	441	223	151	179	568	314	277	196	232	292	156	105	100	99
+ Preferred Equity and Hybrid Capital	305	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	1	13	14	21	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	6,886	11,611	11,595	11,921	12,150	12,171	16,159	16,682	23,931	25,417	27,009	27,960	28,814	29,380	29,566
Enterprise Value	- -	- -	- -	38,226	41,304	43,029	60,449	61,396	82,451	92,815	115,960	87,429	78,881	68,329	67,658
Total Capital	9,578	14,563	18,536	18,658	19,239	19,728	28,498	28,253	34,420	34,878	35,267	35,409	35,195	29,247	27,931
Total Debt/Capital (%)	71.89	79.73	62.55	63.89	63.15	61.69	56.7	59.05	69.53	72.87	76.58	78.96	81.87	100.45	105.85
Total Debt / EV	- -	- -	- -	0.31	0.29	0.28	0.27	0.27	0.29	0.27	0.23	0.32	0.37	0.43	0.44
EV/Sales	- -	- -	- -	10.8	11.27	10.97	14.21	11.43	14.31	15.89	18.29	12.51	16.66	15.32	15.87
EV/EBITDA	- -	- -	- -	19.84	20.84	20.91	27.38	21.1	26.33	26.74	31.81	21.16	27.35	23.94	24.47
EV/EBIT	- -	- -	- -	40.64	43.65	45.34	62.51	44.39	52.89	49.82	57.95	36.05	37.62	32.26	32.61
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	19.05	23.57	19.79	24.65	25.03	34.64	24.67	20.06	17.84	16.98
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	19.05	23.57	19.79	24.65	25.03	34.64	24.67	20.06	17.84	16.98
Diluted Market Cap	- -	- -	- -	26,389	29,359	29,712	42,072	44,991	58,999	66,689	89,657	59,763	50,208	38,995	38,324
Diluted Enterprise Value	- -	- -	- -	38,180	41,330	41,316	57,917	61,396	82,734	91,874	116,374	87,567	78,917	68,275	67,791
EV per Share	- -	- -	- -	114.5	123.75	119.35	148.79	147.94	198.2	215.35	268.43	201.91	181.88	157.22	155.36
TTM Sales	2,033	2,433	2,866	3,539	3,664	3,921	4,255	5,370	5,763	5,840	6,340	6,986	4,734	4,460	4,264
TTM EBITDA	1,245	1,457	1,622	1,926	1,982	2,058	2,208	2,910	3,131	3,471	3,645	4,132	2,884	2,854	2,765
TTM Operating Income	718	737	883	944	991	948	1,041	1,330	1,589	1,852	1,878	2,433	2,180	2,199	2,086
TTM Cash Flow to Firm	1,045	- -	1,356	- -	- -	2,259	2,564	3,102	3,344	3,709	3,348	3,545	3,932	3,829	3,985
TTM Free Cash Flow to Firm	1,045	- -	1,356	- -	- -	2,259	2,564	3,102	3,344	3,709	3,348	3,545	3,932	3,829	3,985

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	- -	- -	- -	15.84	16.36	16.63	20.7	18	21.87	21.83	32.88	20.77	16.06	13.25	12.54
EV/EBIT	- -	- -	- -	40.64	43.65	45.34	62.51	44.39	52.89	49.82	57.95	36.05	37.62	32.26	32.61
Enterprise Value	- -	- -	- -	38,226	41,304	43,029	60,449	61,396	82,451	92,815	115,960	87,429	78,881	68,329	67,658
Low Price	- -	- -	- -	73.92	76.75	78.08	84.87	98.97	105.21	121.23	147.8	124.95	86.2	89.85	85.57
EV/Sales	- -	- -	- -	10.8	11.27	10.97	14.21	11.43	14.31	15.89	18.29	12.51	16.66	15.32	15.87
EV/EBITDA	- -	- -	- -	19.84	20.84	20.91	27.38	21.1	26.33	26.74	31.81	21.16	27.35	23.94	24.47
Price/Earnings	- -	- -	- -	75.93	19.81	91.56	136.07	87.97	78.6	66.44	81.43	35.6	33.43	- -	85.92
Price/Earnings Average	- -	- -	- -	73.67	18.85	94.46	123.13	88.02	72.41	67.54	71.44	43.13	33.46	- -	94.95
Price/Earnings High	- -	- -	- -	75.93	20.12	107.56	141.99	94.99	83.27	75.11	81.55	53.37	43.82	- -	110.81
Price/Earnings Low	- -	- -	- -	70.89	17.3	82.02	105.19	80.3	58.59	51.33	58.26	32.3	24.91	- -	83.83
Price/Book Value	- -	- -	- -	3.94	4.14	4.16	3.61	3.89	5.6	7.15	10.81	8	7.86	-293.6	-23.36
Price/Book Value Average	- -	- -	- -	3.82	3.94	4.29	3.27	3.89	5.16	7.27	9.48	9.7	7.87	-345.56	-25.81
Price/Book Value High	- -	- -	- -	3.94	4.2	4.89	3.77	4.2	5.93	8.08	10.82	12	10.31	-392.25	-30.12
Price/Book Value Low	- -	- -	- -	3.67	3.61	3.73	2.79	3.55	4.17	5.52	7.73	7.26	5.86	-293.6	-22.79
Price/Tangible Book Value	- -	- -	- -	-12.23	-13.31	-16.98	-12.24	-11.18	-13.27	-13.39	-15.21	-9.57	-7.29	-6.2	-5.01
Price/Tangible Book Value Average	- -	- -	- -	-11.86	-12.66	-17.52	-11.08	-11.19	-12.22	-13.61	-13.35	-11.59	-7.3	-7.3	-5.54
Price/Tangible Book Value High	- -	- -	- -	-12.23	-13.51	-19.95	-12.77	-12.08	-14.06	-15.14	-15.24	-14.34	-9.55	-8.28	-6.46
Price/Tangible Book Value Low	- -	- -	- -	-11.42	-11.62	-15.21	-9.46	-10.21	-9.89	-10.35	-10.88	-8.68	-5.43	-6.2	-4.89
Price/Sales	- -	- -	- -	7.44	7.99	7.57	9.85	8.34	10.19	11.37	14.08	8.53	10.61	8.74	8.95
Price/Sales Average	- -	- -	- -	7.21	7.6	7.81	8.91	8.34	9.39	11.55	12.35	10.34	10.62	10.29	9.89
Price/Sales High	- -	- -	- -	7.44	8.11	8.89	10.28	9	10.79	12.85	14.1	12.8	13.9	11.68	11.54
Price/Sales Low	- -	- -	- -	6.94	6.98	6.78	7.61	7.61	7.59	8.78	10.07	7.74	7.9	8.74	8.73
Price/Cash Flow	- -	- -	- -	15.79	16.31	16.6	20.62	17.91	21.76	21.73	32.73	20.72	16.06	13.25	12.48
Price/Cash Flow Average	- -	- -	- -	15.32	15.52	17.13	18.66	17.92	20.05	22.09	28.71	25.1	16.08	15.6	13.79
Price/Cash Flow High	- -	- -	- -	15.79	16.56	19.5	21.52	19.34	23.06	24.56	32.77	31.06	21.05	17.7	16.09
Price/Cash Flow Low	- -	- -	- -	14.74	14.25	14.87	15.94	16.35	16.22	16.79	23.41	18.8	11.97	13.25	12.18
Price/Free Cash Flow Average	- -	- -	- -	15.37	15.57	17.15	18.74	18.01	20.14	22.19	28.84	25.16	16.08	15.6	13.85
Price/Free Cash Flow High	- -	- -	- -	15.84	16.61	19.53	21.61	19.43	23.17	24.68	32.93	31.13	21.05	17.7	16.17
Price/Free Cash Flow Low	- -	- -	- -	14.79	14.29	14.89	16.01	16.43	16.3	16.87	23.52	18.84	11.97	13.25	12.23
EV/Sales Average	- -	- -	- -	10.58	10.89	11.23	13.21	11.44	13.5	16.08	16.56	14.32	16.67	16.87	16.81
EV/Sales High	- -	- -	- -	10.8	11.4	12.37	14.66	12.1	14.91	17.4	18.31	16.78	19.96	18.26	18.46
EV/Sales Low	- -	- -	- -	10.31	10.26	10.14	11.83	10.7	11.71	13.26	14.29	11.72	13.96	15.32	15.65
EV/EBITDA Average	- -	- -	- -	19.43	20.12	21.39	25.46	21.11	24.86	27.06	28.81	24.21	27.37	26.36	25.92
EV/EBITDA High	- -	- -	- -	19.84	21.06	23.58	28.26	22.33	27.45	29.28	31.85	28.36	32.76	28.54	28.47
EV/EBITDA Low	- -	- -	- -	18.93	18.96	19.32	22.79	19.75	21.56	22.31	24.85	19.82	22.92	23.94	24.13
EV/EBIT Average	- -	- -	- -	39.8	42.15	46.39	58.13	44.42	49.92	50.42	52.48	41.26	37.64	35.52	34.54
EV/EBIT High	- -	- -	- -	40.64	44.13	51.13	64.52	46.99	55.12	54.56	58.02	48.33	45.05	38.46	37.94
EV/EBIT Low	- -	- -	- -	38.77	39.72	41.89	52.04	41.56	43.3	41.57	45.26	33.78	31.52	32.26	32.16
Last Price	- -	- -	- -	79.18	87.88	87.16	109.79	108.41	141.14	156.91	206.58	137.7	115.69	89.85	87.7
High Price	- -	- -	- -	79.18	89.22	102.4	114.56	117.07	149.53	177.39	206.89	206.45	151.64	120.04	113.1
Enterprise Value Average	- -	- -	- -	37,438	39,883	44,025	56,207	61,426	77,823	93,935	105,011	100,055	78,934	75,240	71,671
Enterprise Value High	- -	- -	- -	38,226	41,751	48,521	62,389	64,988	85,940	101,640	116,094	117,199	94,473	81,449	78,721
Enterprise Value Low	- -	- -	- -	36,469	37,587	39,755	50,325	57,477	67,504	77,436	90,568	81,908	66,095	68,329	66,729

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	284	293	334	334	334	361	406	415	416	431	432	433	434	435	435
Diluted Weighted Avg Shares	286	291	299	333	334	341	383	415	418	425	434	434	434	434	437
Basic Weighted Avg Shares	284	289	298	332	333	340	382	413	416	423	432	433	434	434	435
Revenue per Share	7.16	8.41	9.61	10.65	11	11.52	11.15	13	13.85	13.81	14.68	16.13	10.91	10.28	9.8
EBITDA per Share	4.39	5.04	5.44	5.8	5.95	6.05	5.78	7.05	7.53	8.21	8.44	9.54	6.65	6.58	6.36
Operating Income per Share	2.53	2.55	2.96	2.84	2.98	2.79	2.73	3.22	3.82	4.38	4.35	5.62	5.02	5.07	4.8
Basic EPS, GAAP	0.52	0.64	0.26	1.04	4.44	0.95	0.81	1.23	1.8	2.36	2.54	3.87	3.46	-8.99	1.02
Basic EPS from Cont Ops	0.6	0.69	0.2	1.04	1.58	1.05	0.96	1.51	2.07	2.5	2.68	3.87	2.85	2.68	2.54
Diluted EPS, GAAP	0.52	0.64	0.26	1.04	4.42	0.95	0.8	1.23	1.79	2.35	2.53	3.86	3.46	-8.99	1.02
Diluted EPS from Cont Ops	0.6	0.69	0.2	1.04	1.57	1.05	0.96	1.5	2.06	2.48	2.67	3.86	2.85	2.68	2.52
Dividend per Share	0.07	0.01	- -	2.01	3.48	3.77	4.03	4.59	4.87	5.18	5.49	6.01	6.27	6.29	4.78
Cash Flow per Share	2.27	2.67	4.15	5.01	5.39	5.25	5.32	6.05	6.49	7.22	6.31	6.65	7.2	6.78	7.03
Free Cash Flow per Basic Share	2.27	2.67	4.15	5.01	5.39	5.25	5.32	6.05	6.49	7.22	6.31	6.65	7.2	6.78	7.03
Cash & Equivalents per Share	0.28	1.51	0.67	0.45	0.54	1.57	0.77	0.67	0.47	0.54	0.68	0.36	0.24	0.23	0.23
Book Value per Share	8.39	10.02	20.73	20.12	21.24	20.96	30.37	27.88	25.21	21.95	19.12	17.2	14.71	-0.31	-3.75
Tangible Book Value per Share	-6.42	-10.65	-6.13	-6.48	-6.6	-5.13	-8.97	-9.69	-10.64	-11.72	-13.58	-14.39	-15.87	-14.49	-17.5