Cadence Design Systems, Inc. Financial Ratios — CDS 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 (%)	21	66.34	15.86	12.76	18.63	19.18	23.58	30.36	58.32	25.7	26.6	30.95	33.86	26.13	21.85
Return on Assets (%)	4.14	21.74	6.97	5.64	9.09	9.14	9.04	14.15	33.95	16.16	16.7	17.83	19.27	14.42	11.59
Return on Capital (%)	12.6	- -	- -	10.77	14.91	14.16	14	21.26	- -	22.23	23.14	25.41	27.45	19.48	15.56
Return on Invested Capital (%)	10.85	- -	- -	10.29	14.3	13.17	13.22	21.09	- -	21.96	22.95	25.54	26.05	17.88	14.16
Gross Margin (%)	83.03	85.59	86.29	85.85	85.99	85.88	87.78	87.9	88.6	88.61	89.73	89.57	89.36	86.05	86.36
EBITDA Margin (%)	18.44	22.68	19.68	20.39	23.71	20.07	22.62	24.08	26.33	29.66	30.45	33.95	34.16	33.31	32.58
Operating Margin (%)	10.5	15.97	14.18	13.72	17.03	15.74	17.16	19.05	21.42	24.41	26.04	30.15	30.86	29.79	31.15
Incremental Operating Margin (%)	57.86	51.56	- -	8.19	60.29	- -	37.42	37.92	46.96	44.54	40.37	51.56	35.68	21.88	40.72
Pretax Margin (%)	8.3	14.19	10.89	11.45	15.72	13.06	16.21	17.6	20.5	23.58	25.72	29.35	31.34	30.07	28.74
Profit Margin (%)	6.28	33.17	11.25	10.05	14.83	11.18	10.5	16.17	42.33	22.02	23.29	23.84	25.46	22.74	20.94
Net Income to Common Margin (%)	6.28	33.17	11.25	10.05	14.83	11.18	10.5	16.17	42.33	22.02	23.29	23.84	25.46	22.74	20.94
Effective Tax Rate (%)	24.31	- -	- -	12.21	5.67	14.36	35.22	8.13	- -	6.65	9.43	18.79	18.78	24.38	27.14
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	21	66.34	15.86	12.76	18.63	19.18	23.58	30.36	58.32	25.7	26.6	30.95	33.86	26.13	21.85

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	426	447	325	691	343	693	729	445	431	461	455	887	764	2,585	2,616
ST Debt	294	447	325	342	- -	50	85	100	- -	- -	- -	100	349	- -	- -
LT Debt	132	- -	- -	349	343	643	644	345	431	461	455	787	415	2,585	2,616
Total Debt/EBITDA	2.01	1.49	1.13	2.14	0.85	1.9	1.66	0.86	0.7	0.58	0.5	0.73	0.55	1.67	1.52
Net Debt/EBITDA	-0.83	-0.93	-0.74	-0.75	-0.68	0.63	0.09	-0.17	-0.58	-0.73	-0.81	-0.11	-0.26	-0.11	-0.3
Total Debt/EBIT	3.54	2.11	1.72	3.34	1.2	2.83	2.25	1.12	0.88	0.71	0.58	0.83	0.61	1.91	1.75
Net Debt/EBIT	-1.46	-1.32	-1.12	-1.17	-0.96	0.93	0.13	-0.22	-0.73	-0.9	-0.95	-0.13	-0.29	-0.12	-0.35
EBITDA to Interest Expense	4.93	8.66	7.65	9.45	14.26	15.4	17.12	22.25	32.67	38.35	53.58	52.72	38.61	20.34	14.81
EBITDA-CapEx/Interest Expense	4.2	7.63	6.45	8.28	12.67	13.13	14.87	19.6	28.71	33.78	49.64	47.31	35.77	18.46	13.59
EBIT to Interest Expense	2.81	6.1	5.51	6.36	10.24	12.08	12.99	17.6	26.58	31.56	45.82	46.82	34.88	18.2	14.16
Interest Expense	43	35	38	34	28	24	26	23	19	21	17	23	36	76	117
Common Equity/Total Assets	23.34	40.02	47.6	41.55	58.67	35.37	40.9	52.19	62.64	63.1	62.48	53.44	60.05	52.08	53.92
Long-Term Debt/Equity (%)	32.09	- -	- -	26.15	24.95	86.75	65.14	26.8	20.49	18.48	16.59	28.68	12.19	55.31	47.8
Long-Term Debt/Capital (%)	15.76	- -	- -	17.22	19.97	44.83	37.49	19.92	17	15.6	14.23	21.68	9.96	35.61	32.34
Long-Term Debt/Total Assets (%)	7.49	- -	- -	10.86	14.64	30.69	26.64	13.99	12.83	11.66	10.37	15.33	7.32	28.8	25.77
Total Debt/Equity (%)	103.61	48.84	28.1	51.83	24.95	93.49	73.73	34.56	20.49	18.48	16.59	32.33	22.45	55.31	47.8
Total Debt/Capital (%)	50.89	32.82	21.93	34.14	19.97	48.32	42.44	25.68	17	15.6	14.23	24.43	18.34	35.61	32.34
Total Debt/Total Assets (%)	24.19	19.55	13.38	21.53	14.64	33.07	30.16	18.04	12.83	11.66	10.37	17.27	13.48	28.8	25.77
Net Debt to Equity	-42.72	-30.52	-18.29	-18.07	-19.87	30.77	4.17	-6.83	-17.08	-23.33	-27.05	-4.89	-10.55	-3.59	-9.52
Net Debt/Capital (%)	-74.57	-43.93	-22.38	-22.06	-24.79	23.53	4.01	-7.33	-19.64	-28.72	-35.19	-4.88	-11.36	-3.64	-10.24
EBITDA	212	301	287	322	404	364	439	515	615	796	910	1,209	1,397	1,546	1,726
EBITDA-CapEx	181	265	242	282	359	311	382	453	541	701	843	1,085	1,294	1,403	1,584
Operating Income (Loss)	121	212	207	217	290	286	333	407	500	655	778	1,074	1,262	1,383	1,650

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	0.6	0.68	0.55	0.73	1.33	0.8	1.08	0.75	1.05	1.17	1.12	0.66	0.72	2.03	1.93
Current Ratio	1.05	1.14	1.06	1.33	1.8	1.2	1.53	1.34	1.74	1.86	1.77	1.27	1.24	2.93	2.86
Quick Ratio	0.73	0.76	0.65	0.82	1.63	1.07	1.37	1.17	1.5	1.59	1.47	1.02	1.02	2.53	2.51
CFO/Avg Current Liab	0.28	0.28	0.31	0.25	0.39	0.79	0.77	0.9	1.06	1.23	1.25	1.07	0.92	0.85	1.15
Common Equity/Total Assets	23.34	40.02	47.6	41.55	58.67	35.37	40.9	52.19	62.64	63.1	62.48	53.44	60.05	52.08	53.92
Long-Term Debt/Equity (%)	32.09	- -	- -	26.15	24.95	86.75	65.14	26.8	20.49	18.48	16.59	28.68	12.19	55.31	47.8
Long-Term Debt/Capital (%)	15.76	- -	- -	17.22	19.97	44.83	37.49	19.92	17	15.6	14.23	21.68	9.96	35.61	32.34
Long-Term Debt/Total Assets (%)	7.49	- -	- -	10.86	14.64	30.69	26.64	13.99	12.83	11.66	10.37	15.33	7.32	28.8	25.77
Total Debt/Equity (%)	103.61	48.84	28.1	51.83	24.95	93.49	73.73	34.56	20.49	18.48	16.59	32.33	22.45	55.31	47.8
Total Debt/Capital (%)	50.89	32.82	21.93	34.14	19.97	48.32	42.44	25.68	17	15.6	14.23	24.43	18.34	35.61	32.34
Total Debt/Total Assets (%)	24.19	19.55	13.38	21.53	14.64	33.07	30.16	18.04	12.83	11.66	10.37	17.27	13.48	28.8	25.77
CFO/Total Liabilities	17.8	23.03	28.89	16.88	39.01	32.83	32.93	51.24	58.17	62.08	66.9	51.92	59.56	29.31	36.95
CFO/CapEx	7.65	8.79	8.18	7.96	8.44	8.28	8.13	9.83	9.78	9.54	16.46	10	13.16	8.84	12.19
Altman's Z-Score	1.32	2.35	2.83	2.82	6.11	5.6	7.73	9.14	12.24	18.54	22.57	14.86	23.74	15.1	14.68

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	7.11	15.89	20.38	20.34	18.26	18.86	18.97	15.08	13.6	14.26	15.62	14.24	13.31	13.4	11.96
Days Sales Outstanding	51.33	22.97	17.91	17.95	19.99	19.35	19.24	24.2	26.83	25.59	23.37	25.63	27.42	27.24	30.52
Inventory Turnover	4.74	4.81	4.64	4.2	4.21	5.33	6.53	8.43	6.34	4.64	3.2	3.05	2.81	2.95	2.57
Days Inventory Outstanding	76.94	75.82	78.75	86.98	86.6	68.47	55.88	43.29	57.53	78.71	113.94	119.69	129.91	123.84	141.82
Accounts Payable Turnover	44.09	38.17	13.66	12.4	12.82	16.21	50.29	49.22	- -	- -	- -	- -	7.07	14.96	15.51
Accounts Payable Turnover Days	8.28	9.56	26.72	29.43	28.47	22.52	7.26	7.42	- -	- -	- -	- -	51.65	24.4	23.53
Cash Conversion Cycle	119.99	89.23	69.93	75.5	78.13	65.31	67.86	60.07	- -	- -	- -	- -	105.67	126.68	148.81
Inventory to Cash Days	-25.61	-52.85	-60.83	-69.03	-66.61	-49.12	-36.63	-19.08	-30.7	-53.12	-90.58	-94.06	-102.49	-96.6	-111.3
Inventories	43	36	50	56	57	39	33	28	56	76	116	128	182	258	304
Raw Materials	24	24	31	42	40	27	17	16	37	64	89	114	163	243	245
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	15
Finished Goods	19	13	20	14	16	13	16	12	19	12	27	14	19	13	43
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	2,819	3,751	4,018	5,570	6,555	7,139	12,066	11,942	19,750	37,689	52,782	44,030	74,083	83,444	86,129
- Cash & Cash Equivalents	602	726	536	932	617	465	688	533	705	928	1,089	882	1,008	2,644	3,001
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	426	447	325	691	343	693	729	445	431	461	455	887	764	2,585	2,616
Enterprise Value	2,641	3,371	3,710	5,239	6,187	7,365	12,103	11,854	19,476	37,221	52,147	44,030	73,708	83,244	85,590
Total Capital	837	1,362	1,481	2,025	1,719	1,435	1,719	1,734	2,534	2,954	3,195	3,633	4,169	7,259	8,091
Total Debt/Capital (%)	50.89	32.82	21.93	34.14	19.97	48.32	42.44	25.68	17	15.6	14.23	24.43	18.34	35.61	32.34
Total Debt / EV	0.16	0.13	0.09	0.13	0.06	0.09	0.06	0.04	0.02	0.01	0.01	0.02	0.01	0.03	0.03
EV/Sales	2.3	2.54	2.54	3.31	3.63	4.06	6.23	5.54	8.34	13.87	17.45	12.36	18.02	17.94	16.16
EV/EBITDA	12.45	11.2	12.91	16.25	15.33	20.21	27.54	23.02	31.66	46.78	57.32	36.42	52.76	53.85	49.59
EV/EBIT	21.94	15.93	19.63	25.35	21.68	30.07	37.36	29.92	39.6	57.66	66.93	41.01	58.91	61.63	57.36
EV/Cash Flow to Firm	9.68	- -	- -	15.11	15.28	15.83	24.83	18.94	- -	40.27	46.71	34.93	53.47	63.16	47.19
EV/Free Cash Flow to Firm	10.94	- -	- -	17.07	17.18	17.9	28.18	21	- -	44.87	49.69	38.75	57.76	70.82	51.2
Diluted Market Cap	2,800	3,751	4,108	5,860	6,617	7,496	11,987	11,990	19,797	37,783	53,175	44,407	74,367	83,438	86,608
Diluted Enterprise Value	2,621	3,371	3,799	5,529	6,249	7,721	12,024	11,902	19,522	37,315	52,541	44,408	73,993	83,239	86,069
EV per Share	9.68	12.01	12.87	17.97	20	26.55	42.91	42.33	69.59	133.44	188.4	161.48	271.28	303.98	314.9
TTM Sales	1,150	1,326	1,460	1,581	1,702	1,816	1,943	2,138	2,336	2,683	2,988	3,562	4,090	4,641	5,297
TTM EBITDA	212	301	287	322	404	364	439	515	615	796	910	1,209	1,397	1,546	1,726
TTM Operating Income	121	212	207	217	290	286	333	407	500	655	778	1,074	1,262	1,383	1,650
TTM Cash Flow to Firm	273	- -	- -	347	405	465	487	626	- -	924	1,116	1,261	1,379	1,318	1,814
TTM Free Cash Flow to Firm	241	- -	- -	307	360	411	429	565	- -	829	1,049	1,136	1,276	1,175	1,672

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	13.4	13.4	12.73	21.16	19.85	19.16	29.04	22.07	30.22	46.64	51.42	39.73	59.65	74.63	54.58
EV/EBIT	21.94	15.93	19.63	25.35	21.68	30.07	37.36	29.92	39.6	57.66	66.93	41.01	58.91	61.63	57.36
Enterprise Value	2,641	3,371	3,710	5,239	6,187	7,365	12,103	11,854	19,476	37,221	52,147	44,030	73,708	83,244	85,590
Low Price	8.18	9.8	12.5	13.85	17.13	18.64	25.03	35.9	41.7	53.09	120.42	132.53	157.92	238.33	208.1
EV/Sales	2.3	2.54	2.54	3.31	3.63	4.06	6.23	5.54	8.34	13.87	17.45	12.36	18.02	17.94	16.16
EV/EBITDA	12.45	11.2	12.91	16.25	15.33	20.21	27.54	23.02	31.66	46.78	57.32	36.42	52.76	53.85	49.59
Price/Earnings	37.78	8.22	23.59	34.06	24.17	36.06	57.03	33.76	19.5	62.62	74.94	51.58	70.55	78.3	77.54
Price/Earnings Average	36.13	7.33	23.61	29.4	22.65	33.5	47.19	33.88	17.78	43.51	58.36	50.85	58.08	74.46	76.01
Price/Earnings High	42.16	8.48	26.71	34.06	26.13	37.63	60.91	37.23	21.13	63.59	75.22	61.46	72.59	84.28	91.74
Price/Earnings Low	29.89	6.03	21.15	24.7	19.55	26.11	33.37	28.42	11.52	24.6	47.33	42.34	40.86	61.24	50.92
Price/Book Value	6.86	4.1	3.48	4.18	4.76	9.62	12.2	9.27	9.39	15.12	19.26	16.04	21.76	17.85	15.73
Price/Book Value Average	6.56	3.65	3.48	3.6	4.46	8.94	10.09	9.3	8.57	10.5	15	15.81	17.92	16.98	15.42
Price/Book Value High	7.65	4.23	3.94	4.18	5.15	10.05	13.03	10.22	10.18	15.35	19.33	19.11	22.39	19.22	18.61
Price/Book Value Low	5.43	3.01	3.12	3.03	3.85	6.97	7.14	7.8	5.55	5.94	12.16	13.16	12.6	13.97	10.33
Price/Tangible Book Value	61.6	7.55	10.37	13.3	12.42	-79.5	272.02	29.8	15.57	25.12	33.43	43.33	48.37	49.08	42.92
Price/Tangible Book Value Average	58.91	6.73	10.38	11.48	11.64	-73.86	225.08	29.91	14.2	17.46	26.03	42.71	39.82	46.67	42.07
Price/Tangible Book Value High	68.75	7.79	11.74	13.3	13.42	-82.98	290.54	32.86	16.87	25.51	33.55	51.63	49.77	52.83	50.78
Price/Tangible Book Value Low	48.74	5.54	9.3	9.64	10.04	-57.57	159.15	25.09	9.2	9.87	21.11	35.56	28.02	38.39	28.18
Price/Sales	2.37	2.73	2.65	3.42	3.59	4.03	5.99	5.46	8.25	13.79	17.45	12.29	17.96	17.81	16.23
Price/Sales Average	2.27	2.43	2.66	2.95	3.36	3.75	4.96	5.48	7.53	9.58	13.59	12.12	14.79	16.93	15.91
Price/Sales High	2.65	2.81	3	3.42	3.87	4.21	6.4	6.02	8.94	14	17.52	14.65	18.48	19.17	19.21
Price/Sales Low	1.88	2	2.38	2.48	2.9	2.92	3.5	4.6	4.88	5.42	11.02	10.09	10.4	13.93	10.66
Price/Cash Flow	11.35	11.44	10.54	17.09	16.13	16.46	24.73	19.3	26.43	40.87	47.37	35.26	54.44	65.56	49.74
Price/Cash Flow Average	10.86	10.2	10.55	14.75	15.12	15.29	20.46	19.37	24.11	28.4	36.89	34.76	44.82	62.34	48.76
Price/Cash Flow High	12.67	11.8	11.93	17.09	17.44	17.18	26.41	21.28	28.64	41.51	47.55	42.02	56.02	70.57	58.84
Price/Cash Flow Low	8.98	8.39	9.45	12.39	13.05	11.92	14.47	16.25	15.62	16.06	29.92	28.94	31.53	51.28	32.66
Price/Free Cash Flow Average	12.82	11.94	12.74	18.26	18.6	17.8	24.03	22.15	27.57	32.41	40.04	39.16	49.11	70.97	53.5
Price/Free Cash Flow High	14.96	13.82	14.41	21.16	21.45	20	31.01	24.34	32.75	47.36	51.61	47.34	61.38	80.34	64.57
Price/Free Cash Flow Low	10.61	9.83	11.42	15.35	16.05	13.88	16.99	18.58	17.86	18.33	32.47	32.61	34.55	58.37	35.84
EV/Sales Average	2.19	2.23	2.54	2.83	3.39	3.78	5.16	5.56	7.59	9.59	13.54	12.19	14.82	17.05	15.84
EV/Sales High	2.58	2.63	2.9	3.31	3.95	4.23	6.65	6.12	9.04	14.09	17.52	14.73	18.55	19.31	19.14
EV/Sales Low	1.78	1.79	2.26	2.35	2.9	2.97	3.65	4.66	4.88	5.35	10.94	10.15	10.4	14.02	10.58
EV/EBITDA Average	11.87	9.85	12.93	13.89	14.31	18.82	22.8	23.1	28.84	32.33	44.48	35.89	43.39	51.21	48.61
EV/EBITDA High	14	11.6	14.76	16.25	16.64	21.06	29.41	25.4	34.35	47.51	57.53	43.39	54.3	57.98	58.73
EV/EBITDA Low	9.68	7.88	11.47	11.51	12.22	14.8	16.15	19.35	18.53	18.02	35.94	29.89	30.45	42.09	32.46
EV/EBIT Average	20.91	14	19.65	21.66	20.23	28	30.93	30.02	36.07	39.84	51.94	40.42	48.45	58.6	56.23
EV/EBIT High	24.66	16.48	22.44	25.35	23.53	31.35	39.9	33.01	42.96	58.57	67.19	48.86	60.63	66.35	67.93
EV/EBIT Low	17.05	11.2	17.43	17.94	17.28	22.03	21.91	25.15	23.17	22.21	41.97	33.66	33.99	48.17	37.55
Last Price	10.34	13.37	13.94	19.1	21.19	25.74	42.78	42.65	70.57	135.11	190.69	161.47	272.66	304.71	316.88
High Price	11.54	13.79	15.79	19.1	22.9	26.86	45.69	47.02	76.48	137.21	191.4	192.41	280.56	328	374.91
Enterprise Value Average	2,518	2,964	3,714	4,475	5,774	6,858	10,021	11,895	17,739	25,721	40,468	43,401	60,620	79,153	83,896
Enterprise Value High	2,968	3,489	4,241	5,239	6,716	7,677	12,925	13,079	21,128	37,807	52,343	52,465	75,857	89,623	101,361
Enterprise Value Low	2,052	2,371	3,295	3,708	4,933	5,395	7,097	9,964	11,396	14,340	32,699	36,139	42,535	65,068	56,022

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	273	281	288	292	309	277	282	280	280	279	277	273	272	274	272
Diluted Weighted Avg Shares	271	281	295	307	312	291	280	281	281	280	279	275	273	274	273
Basic Weighted Avg Shares	264	270	278	283	288	285	272	274	273	274	274	271	269	271	271
Revenue per Share	4.36	4.9	5.26	5.58	5.91	6.38	7.14	7.81	8.55	9.8	10.93	13.13	15.18	17.11	19.52
EBITDA per Share	0.8	1.11	1.03	1.14	1.4	1.28	1.62	1.88	2.25	2.91	3.33	4.46	5.19	5.7	6.36
Operating Income per Share	0.46	0.78	0.75	0.77	1.01	1	1.23	1.49	1.83	2.39	2.84	3.96	4.69	5.1	6.08
Basic EPS, GAAP	0.27	1.63	0.59	0.56	0.88	0.71	0.75	1.26	3.62	2.16	2.54	3.13	3.86	3.89	4.09
Basic EPS from Cont Ops	0.27	1.63	0.59	0.56	0.88	0.71	0.75	1.26	3.62	2.16	2.54	3.13	3.86	3.89	4.09
Diluted EPS, GAAP	0.27	1.57	0.56	0.52	0.81	0.7	0.73	1.23	3.53	2.11	2.5	3.09	3.82	3.85	4.06
Diluted EPS from Cont Ops	0.27	1.57	0.56	0.52	0.81	0.7	0.73	1.23	3.53	2.11	2.5	3.09	3.82	3.85	4.06
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.91	1.17	1.32	1.12	1.31	1.56	1.73	2.21	2.67	3.31	4.03	4.58	5.01	4.65	6.37
Free Cash Flow per Basic Share	0.79	1.04	1.16	0.98	1.16	1.37	1.52	1.98	2.4	2.96	3.78	4.12	4.63	4.12	5.85
Cash & Equivalents per Share	2.22	2.95	2.2	3.51	2.3	1.69	2.46	1.9	2.52	3.33	3.93	3.25	4.19	10.17	11.61
Book Value per Share	1.51	3.26	4.01	4.57	4.45	2.67	3.51	4.6	7.51	8.94	9.9	10.07	12.53	17.07	20.14
Tangible Book Value per Share	0.17	1.77	1.34	1.44	1.71	-0.32	0.16	1.43	4.53	5.38	5.7	3.73	5.64	6.21	7.38