Fiserv, Inc. Financial Ratios — FIV 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 (%)	14.55	18.31	18.51	21.92	23.91	35.76	47.27	47.25	5.06	2.93	4.22	8.19	10.11	11	13.17
Return on Assets (%)	5.61	7.17	7.2	8.01	7.64	9.75	12.44	11.02	2.01	1.26	1.77	3.16	3.51	3.73	4.42
Return on Capital (%)	8.97	10.91	10.67	11.82	11.7	14.66	19.01	16.75	3.96	2.78	3.38	5.79	7.13	7.78	8.76
Return on Invested Capital (%)	9.7	10.39	9.57	10.56	12.02	12.46	17.91	16.5	4.04	2.78	3.33	5.67	7.46	9.29	8.59
Gross Margin (%)	41.62	42.2	42.33	43.13	44.63	46.25	46.91	47.3	47.88	47.4	49.91	54.94	59.83	60.83	59.36
EBITDA Margin (%)	31.13	31.51	30.41	31.86	32.89	33.9	34.43	39.46	32	34.08	33.8	38.95	42.61	43.87	42.37
Operating Margin (%)	23.08	23.62	22.04	23.88	24.95	26.25	26.72	26.21	15.65	9.35	14.1	20.78	25.39	28.74	26.89
Incremental Operating Margin (%)	- -	39.46	3.44	59.13	53.72	53.39	40.31	3.15	1.56	- -	65.5	92.52	85.62	75.72	- -
Pretax Margin (%)	16.86	19.86	18.65	20.67	20.12	23.16	23.84	26.7	10.63	7.88	10.27	16.42	20.42	22.03	20.12
Profit Margin (%)	11	13.77	13.46	14.88	13.55	16.89	21.88	20.38	8.77	6.45	8.22	14.26	16.07	15.31	16.42
Net Income to Common Margin (%)	11	13.77	13.46	14.88	13.55	16.89	21.88	20.38	8.77	6.45	8.22	14.26	16.07	15.31	16.42
Effective Tax Rate (%)	35.13	34.05	36.53	36.68	35.67	38.59	11.63	24.31	18.28	16.74	21.79	18.92	19.34	14.23	19.02
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	14.55	18.31	18.51	21.92	23.91	35.76	47.27	47.25	5.06	2.93	4.22	8.19	10.11	11	13.17

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	3,395	3,230	3,848	3,790	4,293	4,562	4,900	5,959	21,899	20,684	21,237	21,542	23,236	24,956	29,123
ST Debt	179	2	92	92	5	95	3	4	287	384	508	592	873	1,226	1,365
LT Debt	3,216	3,228	3,756	3,698	4,288	4,467	4,897	5,955	21,612	20,300	20,729	20,950	22,363	23,730	27,758
Total Debt/EBITDA	2.54	2.31	2.63	2.35	2.48	2.44	2.5	2.59	6.72	4.09	3.87	3.12	2.86	2.78	3.24
Net Debt/EBITDA	2.29	2.05	2.36	2.17	2.33	2.28	2.33	2.41	6.33	3.76	3.58	2.85	2.58	2.52	2.91
Total Debt/EBIT	3.43	3.08	3.63	3.13	3.27	3.16	3.2	3.4	13.61	11.17	9.28	5.76	4.63	4.24	5.01
Net Debt/EBIT	3.09	2.74	3.25	2.89	3.06	2.95	2.99	3.16	12.82	10.28	8.57	5.27	4.18	3.85	4.48
EBITDA to Interest Expense	7.1	8.03	8.98	9.84	10.16	11.45	11.21	12.16	6.43	7.07	7.88	9.26	8.1	7.25	5.86
EBITDA-CapEx/Interest Expense	7.1	8.03	8.98	9.84	10.16	11.45	11.21	12.16	6.43	7.07	7.88	9.26	8.1	7.25	5.86
EBIT to Interest Expense	5.27	6.02	6.51	7.38	7.71	8.87	8.7	8.07	3.14	1.94	3.29	4.94	4.83	4.75	3.72
Interest Expense	188	174	163	164	170	163	175	189	507	716	696	746	1,004	1,238	1,531
Common Equity/Total Assets	38.11	40.21	37.69	35.4	28.48	26.08	26.54	20.36	42.53	43.33	40.59	36.76	32.85	35.07	32.19
Long-Term Debt/Equity (%)	98.71	94.47	104.77	112.23	161.2	175.8	179.31	259.7	62	60.91	64.88	66.11	72.92	85.71	107.55
Long-Term Debt/Capital (%)	48.34	48.56	50.53	52.19	61.67	62.89	64.17	72.16	38.08	37.58	38.97	39.36	41.49	45.08	50.53
Long-Term Debt/Total Assets (%)	37.62	37.99	39.48	39.73	45.91	45.85	47.59	52.88	27.87	27.2	27.19	24.98	24.6	30.75	34.64
Total Debt/Equity (%)	104.21	94.53	107.34	115.02	161.39	179.54	179.42	259.88	62.83	62.06	66.47	67.98	75.76	90.14	112.84
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt/Total Assets (%)	39.72	38.01	40.45	40.72	45.96	46.82	47.62	52.91	28.24	27.72	27.85	25.69	25.56	32.34	36.34
Net Debt to Equity	93.86	84.05	96.18	106.1	151.05	167.73	167.52	241.56	59.16	57.11	61.36	62.19	68.31	81.71	101.08
Net Debt/Capital (%)	48.42	45.67	49.03	51.48	60.17	62.65	62.62	70.68	36.92	35.84	37.45	37.66	39.75	44.01	48.19
EBITDA	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
EBITDA-CapEx	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
Operating Income (Loss)	990	1,048	1,061	1,210	1,311	1,445	1,522	1,526	1,594	1,388	2,288	3,686	4,847	5,879	5,698

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	0.24	0.32	0.3	0.2	0.18	0.16	0.17	0.21	0.06	0.06	0.05	0.03	0.04	0.06	0.03
Current Ratio	0.98	1.31	1.18	0.97	1	0.95	1.02	1.11	1.08	1.04	1.03	1.04	1.04	1.06	1.03
Quick Ratio	0.72	0.92	0.86	0.73	0.72	0.66	0.68	0.73	0.23	0.22	0.2	0.17	0.14	0.25	0.21
CFO/Avg Current Liab	0.83	0.66	0.85	0.93	0.9	0.86	0.79	0.79	0.32	0.26	0.24	0.21	0.17	0.24	0.26
Common Equity/Total Assets	38.11	40.21	37.69	35.4	28.48	26.08	26.54	20.36	42.53	43.33	40.59	36.76	32.85	35.07	32.19
Long-Term Debt/Equity (%)	98.71	94.47	104.77	112.23	161.2	175.8	179.31	259.7	62	60.91	64.88	66.11	72.92	85.71	107.55
Long-Term Debt/Capital (%)	48.34	48.56	50.53	52.19	61.67	62.89	64.17	72.16	38.08	37.58	38.97	39.36	41.49	45.08	50.53
Long-Term Debt/Total Assets (%)	37.62	37.99	39.48	39.73	45.91	45.85	47.59	52.88	27.87	27.2	27.19	24.98	24.6	30.75	34.64
Total Debt/Equity (%)	104.21	94.53	107.34	115.02	161.39	179.54	179.42	259.88	62.83	62.06	66.47	67.98	75.76	90.14	112.84
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt/Total Assets (%)	39.72	38.01	40.45	40.72	45.96	46.82	47.62	52.91	28.24	27.72	27.85	25.69	25.56	32.34	36.34
CFO/Total Liabilities	17.86	16.26	17.53	21.74	20.15	19.87	19.62	17.3	6.55	10.04	9.11	8.85	8.57	13.4	11.16
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	8.64	9.36	9.81	10.94	11.11	10.89	11.09	9.93	2.57	2.78	2.67	2.33	2.32	3.83	2.84

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	6.93	6.69	6.82	6.54	6.57	6.46	6	5.69	5.32	5.64	6.07	5.5	5.33	5.6	5.5
Days Sales Outstanding	52.68	54.59	53.53	55.8	55.58	56.49	60.84	64.12	68.63	64.68	60.08	66.31	68.51	65.19	66.36
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	8,283	10,525	15,116	17,368	21,202	23,048	27,472	28,527	80,062	74,368	67,820	63,479	78,717	115,912	36,064
- Cash & Cash Equivalents	337	358	400	294	275	300	325	415	893	906	835	902	1,204	1,236	798
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	1,878	999	998	860	812	618	17
+ Total Debt	3,395	3,230	3,848	3,790	4,293	4,562	4,900	5,959	21,899	20,684	21,237	21,542	23,236	24,956	29,123
Enterprise Value	11,341	13,397	18,564	20,864	25,220	27,310	32,047	34,071	102,946	95,145	89,220	84,979	101,561	140,250	64,406
Total Capital	6,653	6,647	7,433	7,085	6,953	7,103	7,631	8,252	56,756	54,013	53,187	53,230	53,905	52,642	54,932
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt / EV	0.3	0.24	0.21	0.18	0.17	0.17	0.15	0.17	0.21	0.22	0.24	0.25	0.23	0.18	0.45
EV/Sales	2.64	3.02	3.86	4.12	4.8	4.96	5.63	5.85	10.11	6.41	5.5	4.79	5.32	6.86	3.04
EV/EBITDA	8.5	9.58	12.68	12.93	14.59	14.64	16.34	14.83	31.58	18.8	16.27	12.3	12.48	15.63	7.17
EV/EBIT	11.46	12.78	17.5	17.24	19.24	18.9	20.92	19.44	63.98	51.37	38.99	22.72	20.26	23.86	11.07
EV/Cash Flow to Firm	10.63	14.24	16.25	14.79	17.33	17.84	19.57	20.1	32.08	20.06	19.49	16.27	17.01	18.23	8.82
EV/Free Cash Flow to Firm	10.63	14.24	16.25	14.79	17.33	17.84	19.57	20.1	32.08	20.06	19.49	16.27	17.01	18.23	8.82
Diluted Market Cap	8,525	10,849	15,116	18,264	22,397	23,946	28,531	30,067	80,062	75,958	70,074	65,283	81,641	119,632	37,077
Diluted Enterprise Value	11,583	13,721	18,564	21,760	26,415	28,208	33,106	35,611	102,946	96,735	91,474	86,783	104,485	143,970	65,419
EV per Share	20.24	25.11	36.16	43.41	55.97	63.36	77.19	86.8	151.41	142.2	137.26	134.89	170.98	248.67	120.61
TTM Sales	4,289	4,436	4,814	5,066	5,254	5,505	5,696	5,823	10,187	14,852	16,226	17,737	19,093	20,456	21,193
TTM EBITDA	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
TTM Operating Income	990	1,048	1,061	1,210	1,311	1,445	1,522	1,526	1,594	1,388	2,288	3,686	4,847	5,879	5,698
TTM Cash Flow to Firm	1,067	941	1,142	1,411	1,455	1,531	1,638	1,695	3,209	4,743	4,578	5,223	5,972	7,693	7,302
TTM Free Cash Flow to Firm	1,067	941	1,142	1,411	1,455	1,531	1,638	1,695	3,209	4,743	4,578	5,223	5,972	7,693	7,302

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	9.02	13.13	14.55	13.97	16.64	16.73	19.24	19.37	28.64	18.32	17.37	14.14	15.82	18.04	6.12
EV/EBIT	11.46	12.78	17.5	17.24	19.24	18.9	20.92	19.44	63.98	51.37	38.99	22.72	20.26	23.86	11.07
Enterprise Value	11,341	13,397	18,564	20,864	25,220	27,310	32,047	34,071	102,946	95,145	89,220	84,979	101,561	140,250	64,406
Low Price	12.24	14.35	19.85	27.22	35.01	43.18	52.19	62.77	70.11	78.19	95.12	87.15	100.22	131.37	59.43
EV/Sales	2.64	3.02	3.86	4.12	4.8	4.96	5.63	5.85	10.11	6.41	5.5	4.79	5.32	6.86	3.04
EV/EBITDA	8.5	9.58	12.68	12.93	14.59	14.64	16.34	14.83	31.58	18.8	16.27	12.3	12.48	15.63	7.17
Price/Earnings	17.55	17.23	23.33	23.03	29.78	24.78	22.05	24.03	89.65	77.63	50.84	25.09	26.61	37.02	10.36
Price/Earnings Average	17.61	15.26	18.61	19.74	26.64	23.42	20.2	24.61	72.52	73.06	54.13	24.76	23.65	29.86	24.02
Price/Earnings High	19.36	17.67	23.36	23.03	31.33	25.84	22.17	27.46	90.17	86.2	61.59	27.51	27.39	40.24	36.62
Price/Earnings Low	14.54	12.54	15.73	17.35	22.16	20.01	17.39	20.76	53.38	54.61	46.35	21.7	20.12	23.67	9.12
Price/Book Value	2.54	3.08	4.22	5.27	7.97	9.07	10.06	12.44	2.43	2.3	2.19	2.06	2.64	4.28	1.4
Price/Book Value Average	2.55	2.73	3.36	4.52	7.13	8.57	9.21	12.74	1.96	2.16	2.33	2.03	2.34	3.45	3.24
Price/Book Value High	2.81	3.16	4.22	5.27	8.39	9.46	10.12	14.22	2.44	2.55	2.65	2.26	2.71	4.65	4.94
Price/Book Value Low	2.11	2.24	2.84	3.97	5.93	7.32	7.93	10.74	1.45	1.62	2	1.78	1.99	2.74	1.23
Price/Tangible Book Value	-2.48	-3.47	-4.01	-4.43	-4.81	-4.94	-5.79	-5.14	-3.87	-3.84	-3.48	-3.45	-4.24	-5.96	-1.63
Price/Tangible Book Value Average	-2.49	-3.07	-3.2	-3.8	-4.3	-4.67	-5.31	-5.26	-3.13	-3.62	-3.7	-3.4	-3.77	-4.81	-3.79
Price/Tangible Book Value High	-2.73	-3.56	-4.01	-4.43	-5.06	-5.15	-5.83	-5.87	-3.89	-4.27	-4.22	-3.78	-4.37	-6.48	-5.77
Price/Tangible Book Value Low	-2.05	-2.53	-2.7	-3.34	-3.58	-3.99	-4.57	-4.44	-2.3	-2.7	-3.17	-2.98	-3.21	-3.81	-1.44
Price/Sales	1.93	2.37	3.14	3.43	4.04	4.19	4.82	4.9	7.86	5.01	4.18	3.58	4.28	5.67	1.7
Price/Sales Average	1.94	2.1	2.5	2.94	3.61	3.96	4.42	5.02	6.36	4.71	4.45	3.53	3.8	4.57	3.94
Price/Sales High	2.13	2.43	3.14	3.43	4.25	4.37	4.85	5.6	7.9	5.56	5.06	3.92	4.4	6.16	6.01
Price/Sales Low	1.6	1.73	2.12	2.58	3	3.38	3.8	4.23	4.68	3.52	3.81	3.1	3.23	3.62	1.5
Price/Cash Flow	8.77	12.74	14.55	13.29	15.75	16.11	18.52	18.38	28.64	17.93	16.81	13.75	15.82	17.48	5.95
Price/Cash Flow Average	8.8	11.29	11.6	11.39	14.09	15.22	16.97	18.82	23.17	16.88	17.9	13.56	14.05	14.1	13.79
Price/Cash Flow High	9.67	13.07	14.57	13.29	16.57	16.79	18.63	21	28.81	19.91	20.37	15.07	16.28	19	21.02
Price/Cash Flow Low	7.26	9.27	9.81	10.01	11.72	13.01	14.61	15.87	17.05	12.62	15.33	11.89	11.96	11.17	5.24
Price/Free Cash Flow Average	9.05	11.63	11.6	11.98	14.89	15.81	17.62	19.84	23.17	17.24	18.49	13.95	14.05	14.55	14.18
Price/Free Cash Flow High	9.96	13.47	14.57	13.97	17.51	17.45	19.35	22.14	28.81	20.34	21.05	15.5	16.28	19.61	21.61
Price/Free Cash Flow Low	7.47	9.56	9.81	10.53	12.38	13.51	15.17	16.73	17.05	12.89	15.84	12.23	11.96	11.53	5.38
EV/Sales Average	2.65	2.75	3.22	3.63	4.38	4.73	5.22	5.97	8.6	6.11	5.77	4.74	4.86	5.76	5.28
EV/Sales High	2.84	3.08	3.86	4.12	5.01	5.14	5.65	6.55	10.15	6.96	6.38	5.14	5.44	7.35	7.35
EV/Sales Low	2.31	2.37	2.83	3.27	3.77	4.16	4.61	5.18	6.93	4.92	5.13	4.31	4.31	4.81	2.83
EV/EBITDA Average	8.52	8.72	10.59	11.39	13.3	13.96	15.17	15.13	26.89	17.93	17.07	12.18	11.41	13.13	12.47
EV/EBITDA High	9.14	9.78	12.69	12.93	15.23	15.16	16.42	16.6	31.72	20.42	18.89	13.19	12.77	16.75	17.35
EV/EBITDA Low	7.43	7.53	9.32	10.27	11.46	12.26	13.38	13.13	21.64	14.44	15.18	11.06	10.13	10.97	6.69
EV/EBIT Average	11.49	11.64	14.61	15.19	17.54	18.02	19.41	19.83	54.47	49.01	40.91	22.5	18.51	20.04	19.24
EV/EBIT High	12.32	13.04	17.52	17.24	20.08	19.58	21.02	21.76	64.26	55.81	45.26	24.36	20.71	25.57	26.77
EV/EBIT Low	10.02	10.05	12.85	13.7	15.1	15.83	17.13	17.22	43.85	39.47	36.37	20.43	16.43	16.74	10.33
Last Price	14.78	19.73	29.44	36.14	47.05	53.48	66.17	72.68	117.76	111.15	104.34	100.76	132.52	205.52	67.54
High Price	16.31	20.23	29.48	36.14	49.5	55.76	66.54	83.06	118.43	123.42	126.41	110.47	136.38	223.37	238.63
Enterprise Value Average	11,370	12,195	15,505	18,382	22,989	26,042	29,740	34,759	87,646	90,766	93,605	84,141	92,790	117,838	111,924
Enterprise Value High	12,198	13,667	18,585	20,864	26,324	28,293	32,200	38,143	103,402	103,355	103,566	91,098	103,853	150,317	155,769
Enterprise Value Low	9,919	10,531	13,638	16,578	19,795	22,874	26,244	30,182	70,551	73,093	83,226	76,402	82,376	98,433	60,078

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	560	534	513	481	451	431	415	393	680	669	650	630	594	564	534
Diluted Weighted Avg Shares	577	550	513	505	476	448	431	414	680	683	672	648	616	582	549
Basic Weighted Avg Shares	560	534	513	481	451	431	415	393	680	669	650	630	616	564	534
Revenue per Share	7.65	8.31	9.38	10.54	11.66	12.77	13.72	14.84	14.98	22.2	24.96	28.15	30.99	36.27	39.69
EBITDA per Share	2.38	2.62	2.85	3.36	3.83	4.33	4.72	5.85	4.79	7.57	8.44	10.97	13.2	15.91	16.81
Operating Income per Share	1.77	1.96	2.07	2.52	2.91	3.35	3.67	3.89	2.34	2.07	3.52	5.85	7.87	10.42	10.67
Basic EPS, GAAP	0.84	1.15	1.26	1.57	1.58	2.16	3	3.02	1.31	1.43	2.05	4.02	4.98	5.55	6.52
Basic EPS from Cont Ops	0.87	1.11	1.27	1.57	1.58	2.16	2.97	3.02	1.34	1.46	2.16	4.1	5.08	5.64	6.54
Diluted EPS, GAAP	0.82	1.11	1.26	1.49	1.5	2.08	2.89	2.87	1.31	1.4	1.99	3.9	4.98	5.38	6.34
Diluted EPS from Cont Ops	0.84	1.08	1.27	1.49	1.5	2.08	2.86	2.87	1.34	1.43	2.09	3.99	5.08	5.46	6.36
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.69	1.55	2.02	2.72	2.99	3.32	3.57	3.95	4.11	6.2	6.21	7.33	8.38	11.76	11.35
Free Cash Flow per Basic Share	1.69	1.55	2.02	2.72	2.99	3.32	3.57	3.95	4.11	6.2	6.21	7.33	8.38	11.76	11.35
Cash & Equivalents per Share	0.6	0.67	0.78	0.61	0.61	0.7	0.78	1.06	1.31	1.35	1.28	1.43	2.03	2.19	1.49
Book Value per Share	5.81	6.4	6.98	6.86	5.9	5.9	6.58	5.84	48.51	48.32	47.62	48.93	50.26	47.99	48.3
Tangible Book Value per Share	-5.97	-5.68	-7.35	-8.15	-9.79	-10.82	-11.42	-14.15	-30.45	-28.92	-29.98	-29.2	-31.24	-34.5	-41.33