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	39.53	36.91	32.49	23.64	14.11	15.3	15.86	12.88	15.14	17.87	21.62	15.97	24.39	27.61	30.09

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	13,120	13,672	14,112	14,221	12,027	13,686	15,838	14,827	21,249	28,683	37,102	27,184	37,000	41,856	47,434
- 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	12,975	13,592	14,054	14,197	12,263	13,963	16,137	15,160	21,665	29,088	37,502	27,756	37,314	42,086	47,600
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	4.69	4.34	4.23	3.8	3.17	3.52	3.68	3.05	4.06	5.15	6.24	3.98	5.08	5.58	5.8
EV/EBITDA	20.95	18.68	18.09	16.5	13.4	15.52	15.99	13.33	17.97	22.3	27.02	17.03	21.87	24.97	25.94
EV/EBIT	22.58	20.17	19.72	18.03	14.8	17.55	18.3	15.17	20.49	25.48	30.81	19.09	24.41	27.87	28.75
EV/Cash Flow to Firm	48.33	34.3	33.77	28.4	22.21	26.65	27.29	22.17	25.39	26.23	48.23	29.16	25.9	35.7	36.6
EV/Free Cash Flow to Firm	87.4	52.7	67.03	45.72	30.89	41.74	34.24	29.87	35.7	30.91	60.4	35.68	29.42	44.19	45.1
Diluted Market Cap	13,147	13,699	14,157	14,291	12,129	13,686	15,877	14,894	21,259	28,760	37,207	27,412	37,066	41,928	47,527
Diluted Enterprise Value	13,002	13,619	14,098	14,266	12,365	13,963	16,176	15,227	21,675	29,165	37,608	27,984	37,379	42,157	47,692
EV per Share	10.99	11.46	11.84	12	10.59	12.07	14.03	13.26	18.87	25.33	32.58	24.31	32.62	36.7	41.46
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	88.56	53.12	67.55	46.11	30.7	41.42	34.12	29.91	35.65	30.8	60.65	35.73	29.42	44.28	45.24
EV/EBIT	22.58	20.17	19.72	18.03	14.8	17.55	18.3	15.17	20.49	25.48	30.81	19.09	24.41	27.87	28.75
Enterprise Value	12,975	13,592	14,054	14,197	12,263	13,963	16,137	15,160	21,665	29,088	37,502	27,756	37,314	42,086	47,600
Low Price	7.29	9.55	11.03	10.26	8.93	9.09	10.05	11.87	12.69	14.09	22.04	22.29	23.54	30.98	20.33
EV/Sales	4.69	4.34	4.23	3.8	3.17	3.52	3.68	3.05	4.06	5.15	6.24	3.98	5.08	5.58	5.8
EV/EBITDA	20.95	18.68	18.09	16.5	13.4	15.52	15.99	13.33	17.97	22.3	27.02	17.03	21.87	24.97	25.94
Price/Earnings	36.63	32.46	31.46	28.84	23.44	27.39	27.43	19.79	26.82	33.37	40.06	25.14	32	36.34	37.68
Price/Earnings Average	28.05	31.65	32.12	27.99	23.17	25.39	23.35	20.82	23.47	27.81	33.11	27.61	27.54	35.27	38.15
Price/Earnings High	36.65	38.44	34.82	30.77	26.82	28.73	27.48	23.24	27.35	33.51	40.06	33.78	32.54	42.05	45.98
Price/Earnings Low	24.04	26.89	29.17	24.63	20.16	21.03	20.02	18.12	18.4	18.82	27.4	23.53	23.28	30.84	18.54
Price/Book Value	8.99	8.76	7.96	7.43	6.68	7.08	7.55	6.44	7.97	10.49	12.2	8.59	11.05	11.57	12.03
Price/Book Value Average	6.89	8.54	8.13	7.21	6.6	6.56	6.43	6.77	6.97	8.75	10.08	9.44	9.51	11.23	12.18
Price/Book Value High	9	10.38	8.81	7.92	7.64	7.43	7.57	7.56	8.13	10.54	12.2	11.55	11.24	13.39	14.68
Price/Book Value Low	5.9	7.26	7.38	6.34	5.74	5.44	5.51	5.89	5.47	5.92	8.34	8.04	8.04	9.82	5.92
Price/Tangible Book Value	8.99	8.76	7.96	7.43	6.68	7.08	7.55	6.44	7.97	10.49	12.2	8.59	11.05	11.57	12.03
Price/Tangible Book Value Average	6.89	8.54	8.13	7.21	6.6	6.56	6.43	6.77	6.97	8.75	10.08	9.44	9.51	11.23	12.18
Price/Tangible Book Value High	9	10.38	8.81	7.92	7.64	7.43	7.57	7.56	8.13	10.54	12.2	11.55	11.24	13.39	14.68
Price/Tangible Book Value Low	5.9	7.26	7.38	6.34	5.74	5.44	5.51	5.89	5.47	5.92	8.34	8.04	8.04	9.82	5.92
Price/Sales	4.74	4.36	4.24	3.82	3.13	3.45	3.62	3	3.98	5.08	6.17	3.91	5.03	5.54	5.78
Price/Sales Average	3.63	4.25	4.33	3.7	3.09	3.2	3.08	3.15	3.48	4.23	5.09	4.3	4.33	5.38	5.85
Price/Sales High	4.74	5.16	4.7	4.07	3.58	3.62	3.62	3.52	4.06	5.1	6.17	5.26	5.12	6.41	7.06
Price/Sales Low	3.11	3.61	3.93	3.26	2.69	2.65	2.64	2.74	2.73	2.86	4.22	3.66	3.66	4.7	2.85
Price/Cash Flow	48.83	34.44	33.91	28.54	22	26.31	27.12	22.08	25.17	26.02	48.12	29.04	25.79	35.64	36.59
Price/Cash Flow Average	37.39	33.59	34.63	27.7	21.75	24.38	23.09	23.22	22.02	21.69	39.76	31.89	22.21	34.59	37.05
Price/Cash Flow High	48.86	40.8	37.54	30.44	25.17	27.6	27.17	25.92	25.67	26.13	48.12	39.02	26.23	41.24	44.65
Price/Cash Flow Low	32.05	28.54	31.45	24.37	18.92	20.2	19.79	20.21	17.27	14.68	32.91	27.18	18.77	30.24	18.01
Price/Free Cash Flow Average	67.81	51.8	68.98	44.75	30.35	38.4	29.05	31.46	31.19	25.67	50.11	39.24	25.33	42.98	45.8
Price/Free Cash Flow High	88.61	62.92	74.77	49.19	35.12	43.46	34.19	35.12	36.36	30.94	60.65	48.01	29.92	51.25	55.21
Price/Free Cash Flow Low	58.12	44.01	62.64	39.38	26.41	31.81	24.9	27.38	24.46	17.38	41.47	33.44	21.41	37.58	22.26
EV/Sales Average	3.58	4.23	4.32	3.69	3.13	3.27	3.14	3.21	3.56	4.31	5.17	4.36	4.38	5.41	5.88
EV/Sales High	4.69	5.14	4.68	4.06	3.62	3.69	3.68	3.57	4.14	5.17	6.24	5.31	5.16	6.45	7.08
EV/Sales Low	3.06	3.59	3.92	3.25	2.73	2.72	2.7	2.8	2.81	2.94	4.29	3.73	3.71	4.74	2.87
EV/EBITDA Average	15.99	18.21	18.48	16.02	13.25	14.41	13.66	14	15.76	18.64	22.37	18.66	18.85	24.24	26.26
EV/EBITDA High	20.96	22.14	20.03	17.61	15.29	16.27	16.02	15.6	18.31	22.4	27.02	22.76	22.24	28.88	31.64
EV/EBITDA Low	13.67	15.46	16.77	14.09	11.56	11.99	11.75	12.23	12.43	12.72	18.57	15.96	15.97	21.21	12.81
EV/EBIT Average	17.23	19.67	20.14	17.49	14.63	16.29	15.63	15.94	17.98	21.29	25.51	20.93	21.04	27.06	29.11
EV/EBIT High	22.59	23.92	21.84	19.23	16.89	18.39	18.33	17.76	20.89	25.59	30.81	25.52	24.82	32.23	35.06
EV/EBIT Low	14.73	16.7	18.28	15.39	12.77	13.55	13.44	13.92	14.18	14.53	21.17	17.9	17.82	23.68	14.2
Last Price	11.11	11.52	11.89	12.02	10.38	11.83	13.77	12.96	18.51	24.98	32.24	23.81	32.34	36.5	41.32
High Price	11.11	13.65	13.16	12.82	11.88	12.41	13.79	15.22	18.87	25.09	32.24	31.99	32.89	42.24	50.42
Enterprise Value Average	9,900	13,251	14,353	13,778	12,126	12,964	13,781	15,925	19,004	24,313	31,058	30,425	32,166	40,856	48,192
Enterprise Value High	12,982	16,113	15,562	15,146	13,995	14,636	16,166	17,741	22,085	29,214	37,502	37,097	37,944	48,667	58,052
Enterprise Value Low	8,466	11,247	13,028	12,120	10,582	10,786	11,855	13,906	14,991	16,586	25,772	26,014	27,238	35,753	23,508

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