Ecolab Inc. Financial Ratios — ECJ 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 (%)	11.87	11.98	14.42	16.41	14.09	17.8	20.78	18.34	18.68	-16.23	16.88	15.1	17.96	25.14	22.4
Return on Assets (%)	4.01	3.94	5.2	6.16	5.26	6.65	7.86	7.14	7.61	-6.18	5.75	5.12	6.34	9.55	8.82
Return on Capital (%)	6.33	6.93	8.64	9.75	8.64	10.53	12.06	10.65	11.23	-6.68	8.76	7.85	9.84	14.02	12.88
Return on Invested Capital (%)	6.21	6.79	8.59	9.88	8.73	10.35	11.59	9.05	9.92	8.1	8.6	7.79	9.44	13.58	12.41
Gross Margin (%)	48.88	46.06	45.97	46.23	46.67	42.72	41.72	43.75	43.91	41.43	40.19	37.76	40.24	43.46	44.46
EBITDA Margin (%)	16.91	16.93	17.93	19.8	17.87	20.69	20.55	20.12	20.86	18.73	19.18	17.63	19.03	23.75	23.1
Operating Margin (%)	13.01	12.12	13.07	14.17	14.59	14.52	14.07	15.06	15.65	13.36	13.36	12	13.73	16.6	17.99
Incremental Operating Margin (%)	9.95	10.92	20.99	28.42	6.49	16.88	5.36	6.53	36.6	50.54	13.35	0.12	35.39	121.04	82.11
Pretax Margin (%)	10	8.55	9.8	11.89	9.73	12.54	12.74	12.99	13.78	9.85	11.11	9.47	11.46	16.33	15.84
Profit Margin (%)	6.8	5.94	7.3	8.42	7.4	9.34	10.87	11.69	12.41	-10.22	8.87	7.69	8.96	13.42	12.91
Net Income to Common Margin (%)	6.8	5.94	7.3	8.42	7.4	9.34	10.87	11.69	12.41	-10.22	8.87	7.69	8.96	13.42	12.91
Effective Tax Rate (%)	31.83	30.74	25.01	28.04	22.8	24.43	13.83	20.24	16.67	15.21	19.11	17.46	20.65	17.09	17.84
Dvd Payout Ratio (%)	35.1	43.89	22.27	27.74	38.82	33.82	29.28	38.61	37.86	55.96	48.91	53.53	43.67	30.88	35.7
Sustainable Growth Rate (%)	7.7	6.72	11.21	11.86	8.62	11.78	14.69	11.26	11.61	-7.15	8.62	7.02	10.12	17.38	14.41

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	7,636	6,542	6,905	6,548	6,466	6,687	7,323	7,045	6,822	7,113	9,156	9,027	8,733	8,283	8,998
ST Debt	1,023	806	861	1,705	2,205	541	564	744	503	143	526	613	757	758	1,035
LT Debt	6,613	5,736	6,044	4,843	4,260	6,146	6,758	6,302	6,319	6,970	8,630	8,413	7,977	7,525	7,962
Total Debt/EBITDA	6.64	3.26	2.9	2.32	2.67	2.46	2.58	2.87	2.6	3.22	3.75	3.61	3	2.22	2.42
Net Debt/EBITDA	5.04	2.69	2.76	2.24	2.63	2.34	2.5	2.82	2.38	2.46	3.44	3.19	2.49	1.69	2.04
Total Debt/EBIT	10.13	5.07	4.42	3.35	4.14	3.58	3.76	4.08	3.7	5.1	5.73	5.78	4.38	2.96	3.29
Net Debt/EBIT	7.68	4.18	4.21	3.24	4.08	3.4	3.65	4.01	3.38	3.89	5.25	5.11	3.65	2.25	2.77
EBITDA to Interest Expense	14	7.02	8.71	10.55	9.54	9.53	10.35	10.44	12.22	7.25	10.59	9.92	8.36	10.98	12.13
EBITDA-CapEx/Interest Expense	14	7.02	8.71	10.55	9.54	9.53	10.35	10.44	12.22	7.25	10.59	9.92	8.36	10.98	12.13
EBIT to Interest Expense	10.78	5.02	6.35	7.55	7.79	6.69	7.09	7.82	9.17	5.17	7.38	6.76	6.03	7.68	9.45
Interest Expense	82	286	273	268	254	285	275	236	214	305	231	252	349	340	306
Common Equity/Total Assets	31.16	34.58	37.4	37.66	37.07	37.65	37.99	39.87	41.62	34.02	34.07	33.71	36.82	39.12	39.56
Long-Term Debt/Equity (%)	115.19	93.12	81.57	65.61	61.03	88.16	88.3	78.25	72.42	112.39	118.98	115.91	98.82	85.61	81.21
Long-Term Debt/Capital (%)	49.44	45.16	42.22	34.77	31.68	45	45.13	41.74	40.64	52.35	52.59	51.66	47.47	44.08	42.35
Long-Term Debt/Total Assets (%)	36.37	32.64	30.78	24.93	22.85	33.53	33.85	31.39	30.28	38.45	40.69	39.2	36.51	33.61	32.24
Total Debt/Equity (%)	133.01	106.2	93.19	88.7	92.62	95.93	95.67	87.48	78.18	114.69	126.23	124.36	108.19	94.24	91.77
Total Debt/Capital (%)	57.08	51.5	48.24	47.01	48.09	48.96	48.89	46.66	43.88	53.42	55.8	55.43	51.97	48.52	47.85
Total Debt/Total Assets (%)	41.99	37.23	35.16	33.71	34.68	36.48	36.68	35.1	32.69	39.24	43.18	42.05	39.98	37	36.43
Net Debt to Equity	100.9	87.4	88.61	85.86	91.29	91.23	92.91	86.05	71.45	87.5	115.79	109.96	89.97	71.77	77.41
Net Debt/Capital (%)	50.22	46.64	46.98	46.2	47.72	47.71	48.16	46.25	40.41	45.02	52.33	50.88	45.71	39.89	41.81
EBITDA	1,150	2,004	2,377	2,827	2,421	2,721	2,843	2,459	2,621	2,208	2,442	2,501	2,916	3,738	3,714
EBITDA-CapEx	1,150	2,004	2,377	2,827	2,421	2,721	2,843	2,459	2,621	2,208	2,442	2,501	2,916	3,738	3,714
Operating Income (Loss)	885	1,435	1,732	2,024	1,976	1,910	1,946	1,841	1,965	1,575	1,701	1,703	2,104	2,614	2,893

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	0.58	0.38	0.1	0.05	0.02	0.11	0.06	0.03	0.03	0.43	0.1	0.14	0.21	0.26	0.12
Current Ratio	1.7	1.6	1.35	1.11	0.93	1.42	1.32	1.27	1.33	1.75	1.32	1.3	1.3	1.26	1.08
Quick Ratio	1.24	1.11	0.83	0.68	0.55	0.92	0.84	0.79	0.72	1.26	0.84	0.83	0.91	0.89	0.77
CFO/Avg Current Liab	0.31	0.39	0.48	0.46	0.44	0.5	0.64	0.64	0.66	0.57	0.64	0.46	0.56	0.62	0.57
Common Equity/Total Assets	31.16	34.58	37.4	37.66	37.07	37.65	37.99	39.87	41.62	34.02	34.07	33.71	36.82	39.12	39.56
Long-Term Debt/Equity (%)	115.19	93.12	81.57	65.61	61.03	88.16	88.3	78.25	72.42	112.39	118.98	115.91	98.82	85.61	81.21
Long-Term Debt/Capital (%)	49.44	45.16	42.22	34.77	31.68	45	45.13	41.74	40.64	52.35	52.59	51.66	47.47	44.08	42.35
Long-Term Debt/Total Assets (%)	36.37	32.64	30.78	24.93	22.85	33.53	33.85	31.39	30.28	38.45	40.69	39.2	36.51	33.61	32.24
Total Debt/Equity (%)	133.01	106.2	93.19	88.7	92.62	95.93	95.67	87.48	78.18	114.69	126.23	124.36	108.19	94.24	91.77
Total Debt/Capital (%)	57.08	51.5	48.24	47.01	48.09	48.96	48.89	46.66	43.88	53.42	55.8	55.43	51.97	48.52	47.85
Total Debt/Total Assets (%)	41.99	37.23	35.16	33.71	34.68	36.48	36.68	35.1	32.69	39.24	43.18	42.05	39.98	37	36.43
CFO/Total Liabilities	5.51	10.54	12.76	15.07	17.15	17.08	16.99	18.95	19.93	15.6	14.78	12.59	17.51	20.69	19.83
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	4.93	5.15	5.29	5.6	5.65	5.55	5.54	6.51	6.5	5.29	6.18	6.73	6.76

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	4.39	5.48	5.53	5.5	5.4	5.56	5.63	4.67	4.98	5.06	5.36	5.48	5.54	5.52	5.26
Days Sales Outstanding	83.08	66.6	66	66.39	67.6	65.65	64.8	78.15	73.29	72.07	68.11	66.59	65.9	66.07	69.39
Inventory Turnover	4.58	5.92	5.94	5.51	5.06	5.57	5.83	4.59	5.36	5.84	5.48	5.38	5.57	6.01	6.04
Days Inventory Outstanding	79.67	61.67	61.42	66.28	72.13	65.59	62.59	79.44	68.07	62.55	66.55	67.88	65.59	60.74	60.39
Accounts Payable Turnover	7.03	7.55	7.78	7.16	6.46	7.34	7.58	5.73	5.65	6.36	6.15	5.87	5.38	5.25	4.62
Accounts Payable Turnover Days	51.89	48.32	46.93	50.95	56.5	49.7	48.13	63.65	64.64	57.4	59.37	62.2	67.87	69.49	79.08
Cash Conversion Cycle	110.86	79.95	80.49	81.72	83.23	81.55	79.26	93.95	76.72	77.22	75.29	72.26	63.62	57.33	50.7
Inventory to Cash Days	3.41	4.93	4.58	0.11	-4.54	0.07	2.2	-1.29	5.22	9.52	1.57	-1.29	0.32	5.33	9
Inventories	1,070	1,088	1,322	1,467	1,388	1,319	1,447	1,546	1,082	1,285	1,492	1,793	1,497	1,465	1,490
Raw Materials	351	338	391	447	441	408	439	526	438	511	596	849	705	607	620
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	746	774	953	1,044	887	860	975	1,017	669	790	1,011	1,123	911	962	962
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	- -	- -	31,594	31,985	34,381	34,410	39,166	41,499	55,780	61,724	67,540	41,979	56,513	67,314	74,987
- Cash & Cash Equivalents	1,844	1,158	339	210	93	327	211	115	119	1,260	360	599	920	1,257	646
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	74	83	65	66	71	70	70	50	41	35	29	23	28	32	34
+ Total Debt	7,636	6,542	6,905	6,548	6,466	6,687	7,323	7,045	6,822	7,113	9,156	9,027	8,733	8,283	8,998
Enterprise Value	- -	- -	38,224	38,390	40,824	40,839	46,348	48,480	62,524	67,611	76,365	50,429	64,354	74,372	83,372
Total Capital	13,377	12,702	14,314	13,930	13,446	13,658	14,977	15,099	15,548	13,314	16,409	16,285	16,806	17,072	18,802
Total Debt/Capital (%)	57.08	51.5	48.24	47.01	48.09	48.96	48.89	46.66	43.88	53.42	55.8	55.43	51.97	48.52	47.85
Total Debt / EV	- -	- -	0.18	0.17	0.16	0.16	0.16	0.15	0.11	0.11	0.12	0.18	0.14	0.11	0.11
EV/Sales	- -	- -	2.88	2.69	3.01	3.11	3.35	3.97	4.98	5.73	6	3.55	4.2	4.72	5.18
EV/EBITDA	- -	- -	16.08	13.58	16.86	15.01	16.3	19.72	23.86	30.62	31.28	20.16	22.07	19.9	22.45
EV/EBIT	- -	- -	24.49	19.64	26.15	21.84	23.77	28.05	33.88	48.44	47.77	32.27	32.3	26.54	30.45
EV/Cash Flow to Firm	- -	- -	21.66	19.11	18.59	18.95	19.91	19.66	24.05	31.91	33.96	25.26	23.94	24.02	26.02
EV/Free Cash Flow to Firm	- -	- -	21.66	19.11	18.59	18.95	19.91	19.66	24.05	31.91	33.96	25.26	23.94	24.02	26.02
Diluted Market Cap	- -	- -	32,098	32,625	35,008	34,985	39,802	42,233	56,573	62,717	68,058	42,289	56,721	68,085	75,832
Diluted Enterprise Value	- -	- -	38,728	39,029	41,451	41,414	46,984	49,214	63,317	68,605	76,883	50,739	64,563	75,142	84,217
EV per Share	- -	- -	126.95	128.01	137.92	139.94	160.21	168.5	216.8	236.65	266.17	177.26	225.45	262.47	295.62
TTM Sales	6,799	11,839	13,253	14,281	13,545	13,152	13,836	12,222	12,562	11,790	12,733	14,188	15,320	15,741	16,081
TTM EBITDA	1,150	2,004	2,377	2,827	2,421	2,721	2,843	2,459	2,621	2,208	2,442	2,501	2,916	3,738	3,714
TTM Operating Income	885	1,435	1,732	2,024	1,976	1,910	1,946	1,841	1,965	1,575	1,701	1,703	2,104	2,614	2,893
TTM Cash Flow to Firm	741	1,401	1,764	2,008	2,196	2,155	2,328	2,466	2,599	2,119	2,248	1,996	2,689	3,096	3,204
TTM Free Cash Flow to Firm	741	1,401	1,764	2,008	2,196	2,155	2,328	2,466	2,599	2,119	2,248	1,996	2,689	3,096	3,204

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	- -	- -	20.58	17.97	17.51	18.04	19.03	18.54	23.37	33.72	33.01	23.65	23.52	24.2	25.68
EV/EBIT	- -	- -	24.49	19.64	26.15	21.84	23.77	28.05	33.88	48.44	47.77	32.27	32.3	26.54	30.45
Enterprise Value	- -	- -	38,224	38,390	40,824	40,839	46,348	48,480	62,524	67,611	76,365	50,429	64,354	74,372	83,372
Low Price	- -	- -	82.52	98.55	99.16	100.03	116.23	127.65	142.89	129.41	204.36	134.69	144.55	194.69	221.14
EV/Sales	- -	- -	2.88	2.69	3.01	3.11	3.35	3.97	4.98	5.73	6	3.55	4.2	4.72	5.18
EV/EBITDA	- -	- -	16.08	13.58	16.86	15.01	16.3	19.72	23.86	30.62	31.28	20.16	22.07	19.9	22.45
Price/Earnings	- -	- -	32.52	26.61	34.35	28.06	26.06	29.13	35.74	- -	59.65	38.55	41.12	31.97	36.29
Price/Earnings Average	- -	- -	29.45	27.09	33.58	27.43	24.83	29.29	34.13	- -	55.46	43.41	35.76	31.53	35.67
Price/Earnings High	- -	- -	33.35	29.31	36.39	29.75	26.53	33.19	38.95	- -	59.65	61.21	41.59	35.05	39.07
Price/Earnings Low	- -	- -	25.57	24.59	29.33	23.81	22.37	25.78	26.41	- -	51.78	35.19	30.02	26.2	30.18
Price/Book Value	- -	- -	4.3	4.37	4.98	4.99	5.16	5.19	6.42	10.01	9.35	5.8	7.02	7.69	7.67
Price/Book Value Average	- -	- -	3.9	4.45	4.86	4.87	4.92	5.21	6.13	9.15	8.69	6.53	6.11	7.58	7.54
Price/Book Value High	- -	- -	4.41	4.81	5.27	5.29	5.26	5.91	7	10.68	9.35	9.21	7.11	8.43	8.26
Price/Book Value Low	- -	- -	3.38	4.04	4.25	4.23	4.43	4.59	4.74	6	8.12	5.3	5.13	6.3	6.38
Price/Tangible Book Value	- -	- -	-7.34	-8.29	-9.32	-10.43	-10.88	-14.45	295.6	-21.91	-13.34	-9.42	-15.71	-27.38	-23.85
Price/Tangible Book Value Average	- -	- -	-6.65	-8.44	-9.11	-10.19	-10.36	-14.53	282.24	-20.04	-12.4	-10.61	-13.67	-27	-23.44
Price/Tangible Book Value High	- -	- -	-7.53	-9.13	-9.87	-11.05	-11.07	-16.46	322.13	-23.37	-13.34	-14.96	-15.89	-30.01	-25.67
Price/Tangible Book Value Low	- -	- -	-5.77	-7.66	-7.95	-8.85	-9.34	-12.79	218.38	-13.12	-11.58	-8.6	-11.47	-22.44	-19.83
Price/Sales	- -	- -	2.37	2.24	2.54	2.62	2.83	3.41	4.44	5.26	5.29	2.97	3.68	4.29	4.68
Price/Sales Average	- -	- -	2.15	2.28	2.48	2.56	2.7	3.43	4.24	4.81	4.92	3.34	3.2	4.23	4.6
Price/Sales High	- -	- -	2.44	2.47	2.69	2.78	2.88	3.88	4.83	5.61	5.29	4.71	3.73	4.7	5.04
Price/Sales Low	- -	- -	1.87	2.07	2.17	2.22	2.43	3.01	3.28	3.15	4.6	2.71	2.69	3.52	3.9
Price/Cash Flow	- -	- -	20.17	17.63	17.22	17.78	18.75	18.28	23.02	33.33	32.69	23.53	23.4	24	25.51
Price/Cash Flow Average	- -	- -	18.27	17.95	16.82	17.38	17.87	18.38	21.98	30.49	30.39	26.5	20.35	23.67	25.08
Price/Cash Flow High	- -	- -	20.69	19.41	18.24	18.85	19.08	20.83	25.08	35.55	32.69	37.37	23.66	26.31	27.46
Price/Cash Flow Low	- -	- -	15.87	16.29	14.7	15.08	16.1	16.17	17.01	19.97	28.38	21.48	17.08	19.67	21.22
Price/Free Cash Flow Average	- -	- -	18.64	18.29	17.11	17.63	18.14	18.65	22.31	30.84	30.69	26.63	20.46	23.86	25.25
Price/Free Cash Flow High	- -	- -	21.11	19.79	18.54	19.12	19.37	21.13	25.47	35.96	33.01	37.55	23.79	26.53	27.65
Price/Free Cash Flow Low	- -	- -	16.18	16.6	14.94	15.3	16.34	16.41	17.27	20.2	28.65	21.58	17.17	19.83	21.36
EV/Sales Average	- -	- -	2.66	2.73	2.96	3.05	3.22	3.99	4.78	5.29	5.62	3.93	3.72	4.67	5.1
EV/Sales High	- -	- -	2.95	2.92	3.16	3.26	3.4	4.44	5.38	6.08	6	5.29	4.24	5.14	5.54
EV/Sales Low	- -	- -	2.37	2.52	2.64	2.71	2.95	3.58	3.82	3.64	5.3	3.3	3.21	3.95	4.4
EV/EBITDA Average	- -	- -	14.83	13.78	16.54	14.72	15.65	19.81	22.9	28.23	29.33	22.28	19.55	19.65	22.1
EV/EBITDA High	- -	- -	16.42	14.73	17.71	15.77	16.55	22.07	25.77	32.48	31.28	30.03	22.29	21.63	23.99
EV/EBITDA Low	- -	- -	13.24	12.72	14.79	13.09	14.35	17.78	18.3	19.41	27.63	18.7	16.84	16.65	19.05
EV/EBIT Average	- -	- -	22.58	19.93	25.65	21.42	22.82	28.19	32.52	44.67	44.8	35.67	28.61	26.21	29.99
EV/EBIT High	- -	- -	25.02	21.29	27.45	22.94	24.13	31.4	36.6	51.39	47.77	48.07	32.63	28.85	32.55
EV/EBIT Low	- -	- -	20.17	18.39	22.93	19.05	20.93	25.29	25.99	30.71	42.2	29.93	24.65	22.2	25.84
Last Price	- -	- -	104.93	106.65	116.15	117.91	135.38	144.24	193.41	216.04	235.41	147.55	197.98	237.56	265.89
High Price	- -	- -	107.63	117.46	123.03	124.99	137.82	164.37	210.77	230.44	235.41	234.32	200.25	260.43	286.23
Enterprise Value Average	- -	- -	35,244	38,967	40,044	40,057	44,504	48,716	60,002	62,340	71,622	55,730	56,998	73,438	82,094
Enterprise Value High	- -	- -	39,039	41,630	42,861	42,903	47,052	54,273	67,529	71,724	76,365	75,114	65,003	80,853	89,109
Enterprise Value Low	- -	- -	31,476	35,961	35,794	35,621	40,806	43,708	47,952	42,859	67,456	46,769	49,103	62,224	70,751

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	292	295	301	300	296	292	289	288	288	286	287	285	285	283	282
Diluted Weighted Avg Shares	242	299	306	306	301	297	294	293	293	290	289	287	287	287	285
Basic Weighted Avg Shares	237	293	300	300	296	293	290	289	288	287	286	285	285	284	283
Revenue per Share	28.7	40.47	44.19	47.59	45.7	44.96	47.78	42.35	43.6	41.08	44.47	49.75	53.76	55.37	56.76
EBITDA per Share	4.85	6.85	7.93	9.42	8.17	9.3	9.82	8.52	9.1	7.69	8.53	8.77	10.23	13.15	13.11
Operating Income per Share	3.73	4.91	5.77	6.74	6.67	6.53	6.72	6.38	6.82	5.49	5.94	5.97	7.38	9.19	10.21
Basic EPS, GAAP	1.95	2.41	3.23	4.01	3.38	4.2	5.2	4.95	5.41	-4.2	3.95	3.83	4.82	7.43	7.33
Basic EPS from Cont Ops	1.96	2.4	3.25	4.07	3.43	4.26	5.24	4.39	5.01	3.43	4	3.89	4.89	7.5	7.39
Diluted EPS, GAAP	1.91	2.35	3.16	3.93	3.32	4.14	5.12	4.88	5.33	-4.15	3.91	3.81	4.79	7.37	7.28
Diluted EPS from Cont Ops	1.91	2.35	3.18	4	3.37	4.2	5.17	4.32	4.93	3.39	3.96	3.87	4.86	7.44	7.34
Dividend per Share	0.69	1.05	0.73	1.15	1.35	1.46	1.55	1.71	1.92	1.95	1.98	2.11	2.17	2.34	2.66
Cash Flow per Share	2.89	4.11	5.2	6.05	6.75	6.63	7.22	7.89	8.4	6.48	7.2	6.27	8.46	9.9	10.42
Free Cash Flow per Basic Share	2.89	4.11	5.2	6.05	6.75	6.63	7.22	7.89	8.4	6.48	7.2	6.27	8.46	9.9	10.42
Cash & Equivalents per Share	6.31	3.93	1.13	0.7	0.31	1.12	0.73	0.4	0.41	4.41	1.25	2.1	3.22	4.44	2.29
Book Value per Share	19.41	20.62	24.39	24.39	23.34	23.65	26.21	27.82	30.12	21.58	25.18	25.43	28.18	30.91	34.65
Tangible Book Value per Share	-15.29	-13.19	-14.29	-12.86	-12.47	-11.31	-12.45	-9.98	0.65	-9.86	-17.65	-15.67	-12.6	-8.68	-11.15