Mastercard Incorporated Financial Ratios — M4I 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 (%)	34.43	43.16	43.27	50.68	59.42	69.48	70.39	107.87	143.83	104.38	126.79	145.92	169.27	191.95	210.49
Return on Assets (%)	19.52	23.83	23.34	24.46	24.12	23.24	19.57	25.37	30.01	20.41	24.38	26	27.58	28.44	29.28
Return on Capital (%)	34.71	43.32	43.34	46.18	43.69	40.88	36.67	52.69	63.06	39.9	44.69	49.52	54.17	56.6	60.4
Return on Invested Capital (%)	33.68	42.55	42.68	45.42	43.59	40.41	35.79	51.13	60.1	38.99	41.4	49.05	52.45	54.39	57.61
Gross Margin (%)	78.36	78.83	79.08	78.14	78.22	79.35	78.5	78.5	79.05	75.25	76.23	76.33	76.01	76.31	77.89
EBITDA Margin (%)	43.3	56.38	57.28	57.48	56.32	56.92	56.49	51.78	60.33	56.6	57.23	58.52	59	58.5	61.11
Operating Margin (%)	51.68	53.9	55.34	53.77	52.31	54.86	53.96	56.01	57.43	53.35	54.16	57.21	58.29	57.96	59.51
Incremental Operating Margin (%)	60.85	75.92	66.88	42.16	- -	77.1	48.29	66.49	68.39	96.9	57.61	74.41	66.69	55.29	68.92
Pretax Margin (%)	40.93	53.21	54.14	53.8	51.29	52.39	52.19	48.19	57.64	50.72	54.58	52.76	54.34	54.16	56.66
Profit Margin (%)	28.39	37.33	37.49	38.31	39.39	37.67	31.33	39.19	48.08	41.9	46	44.66	44.61	45.71	45.65
Net Income to Common Margin (%)	28.39	37.33	37.49	38.31	39.39	37.67	31.33	39.19	48.08	41.9	46	44.66	44.61	45.71	45.65
Effective Tax Rate (%)	30.64	29.85	30.76	28.79	23.19	28.11	39.97	18.67	16.58	17.38	15.72	15.36	17.92	15.6	19.43
Dvd Payout Ratio (%)	4.04	4.79	8.18	14.24	19.09	20.62	24.06	17.82	16.57	25.04	20.04	19.16	19.28	19.02	18.41
Sustainable Growth Rate (%)	33.03	41.09	39.73	43.46	48.07	55.15	53.45	88.65	120	78.25	101.38	117.96	136.64	155.45	171.73

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	- -	- -	- -	1,494	3,268	5,180	5,424	6,334	8,527	12,672	13,901	14,023	15,681	18,226	19,000
ST Debt	- -	- -	- -	- -	- -	- -	- -	500	- -	649	792	274	1,337	750	749
LT Debt	- -	- -	- -	1,494	3,268	5,180	5,424	5,834	8,527	12,023	13,109	13,749	14,344	17,476	18,251
Total Debt/EBITDA	- -	- -	- -	0.28	0.6	0.84	0.77	0.82	0.84	1.46	1.29	1.08	1.06	1.11	0.95
Net Debt/EBITDA	-1.28	-0.49	-0.76	-0.67	-0.46	-0.25	-0.07	-0.04	0.15	0.3	0.6	0.54	0.48	0.59	0.42
Total Debt/EBIT	- -	- -	- -	0.29	0.64	0.9	0.82	0.87	0.88	1.57	1.38	1.14	1.12	1.17	1.01
Net Debt/EBIT	-1.38	-0.52	-0.8	-0.71	-0.49	-0.27	-0.08	-0.05	0.16	0.32	0.64	0.57	0.51	0.63	0.45
EBITDA to Interest Expense	116.28	208.35	340.07	113.06	89.25	64.57	45.84	41.62	45.47	22.79	25.08	27.63	25.75	25.51	27.76
EBITDA-CapEx/Interest Expense	109.2	203.55	329	109.42	86.34	62.31	43.89	39.84	43.59	21.9	24.13	26.69	25.11	24.78	27.08
EBIT to Interest Expense	138.8	199.2	328.57	105.75	82.9	62.23	43.79	45.02	43.29	21.48	23.73	27.01	25.44	25.27	27.03
Interest Expense	25	20	14	48	61	95	154	186	224	380	431	471	575	646	722
Common Equity/Total Assets	54.88	55.5	52.55	44.3	37.1	30.29	25.64	21.7	20.16	19.03	19.41	16.26	16.32	13.49	14.29
Long-Term Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	106.29	142.33	184.49	176.86	215.6	205	268.24	235.62
Long-Term Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	49.34	58.73	62.66	61.51	67.4	63.25	70.64	68.24
Long-Term Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	23.47	29.17	35.8	34.8	35.51	33.79	36.35	33.7
Total Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	115.39	142.33	194.45	187.55	219.9	224.11	279.75	245.29
Total Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	53.57	58.73	66.04	65.22	68.74	69.15	73.67	71.04
Total Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	25.48	29.17	37.73	36.9	36.21	36.94	37.91	35.08
Net Debt to Equity	-63.54	-29.61	-48.02	-53.39	-40.89	-27.11	-9.14	-6.34	25.69	39.27	87.43	110	101.37	150.18	108.88
Net Debt/Capital (%)	-174.24	-42.08	-92.38	-114.52	-69.19	-37.2	-10.06	-6.77	20.44	28.2	46.65	52.38	50.34	60.03	52.13
EBITDA	2,907	4,167	4,761	5,427	5,444	6,134	7,059	7,741	10,186	8,661	10,808	13,014	14,807	16,479	20,040
EBITDA-CapEx	2,730	4,071	4,606	5,252	5,267	5,919	6,759	7,411	9,764	8,322	10,401	12,572	14,436	16,005	19,551
Operating Income (Loss)	3,470	3,984	4,600	5,076	5,057	5,912	6,743	8,374	9,696	8,163	10,227	12,722	14,630	16,327	19,514

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	1.17	1.02	1.04	1.02	1.07	1.16	0.89	0.72	0.64	0.89	0.6	0.52	0.56	0.46	0.48
Current Ratio	1.84	1.91	1.82	1.77	1.75	1.84	1.57	1.39	1.42	1.61	1.29	1.17	1.17	1.03	1.03
Quick Ratio	1.52	1.44	1.43	1.37	1.42	1.5	1.27	1.13	1.11	1.26	0.83	0.76	0.81	0.65	0.68
CFO/Avg Current Liab	0.73	0.65	0.76	0.56	0.66	0.69	0.71	0.61	0.7	0.61	0.76	0.82	0.79	0.83	0.84
Common Equity/Total Assets	54.88	55.5	52.55	44.3	37.1	30.29	25.64	21.7	20.16	19.03	19.41	16.26	16.32	13.49	14.29
Long-Term Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	106.29	142.33	184.49	176.86	215.6	205	268.24	235.62
Long-Term Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	49.34	58.73	62.66	61.51	67.4	63.25	70.64	68.24
Long-Term Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	23.47	29.17	35.8	34.8	35.51	33.79	36.35	33.7
Total Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	115.39	142.33	194.45	187.55	219.9	224.11	279.75	245.29
Total Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	53.57	58.73	66.04	65.22	68.74	69.15	73.67	71.04
Total Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	25.48	29.17	37.73	36.9	36.21	36.94	37.91	35.08
CFO/Total Liabilities	55.73	53.28	61.29	40.06	40.25	35.69	35.94	32.13	35.2	26.69	31.28	34.61	33.79	35.56	38.03
CFO/CapEx	15.16	30.71	26.68	19.47	23.17	21.57	18.88	18.86	19.39	21.31	23.25	25.33	32.29	31.18	36.09
Altman's Z-Score	9.2	9.92	12.02	10.94	10.59	9.15	10.27	10.16	12.14	11.6	11.63	11.35	12.06	12.46	12.22

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	6.87	8.53	8.79	9.1	8.84	8.64	7.38	7.04	7.05	5.93	6.68	6.92	6.71	7.19	7.82
Days Sales Outstanding	53.14	42.79	41.52	40.11	41.31	42.25	49.43	51.82	51.78	61.54	54.62	52.78	54.43	50.75	46.65
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	47,979	60,257	95,807	100,625	111,307	111,606	159,536	195,261	303,511	346,535	354,774	331,667	396,530	480,757	515,246
- Cash & Cash Equivalents	3,734	2,052	3,599	5,137	5,747	6,721	5,933	6,682	6,988	10,113	7,421	7,008	8,588	8,442	10,566
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	9	12	11	34	34	28	100	94	98	126	100	79	68	30	9
+ Total Debt	- -	- -	- -	1,494	3,268	5,180	5,424	6,334	8,527	12,672	13,901	14,023	15,681	18,226	19,000
Enterprise Value	43,039	55,266	89,523	95,778	107,871	108,479	157,278	193,311	304,460	348,737	360,881	338,361	403,099	490,241	523,357
Total Capital	5,877	6,929	7,495	8,318	9,330	10,864	10,992	11,823	14,518	19,189	21,313	20,400	22,678	24,741	26,746
Total Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	53.57	58.73	66.04	65.22	68.74	69.15	73.67	71.04
Total Debt / EV	- -	- -	- -	0.02	0.03	0.05	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04
EV/Sales	6.41	7.48	10.77	10.14	11.16	10.07	12.59	12.93	18.03	22.79	19.11	15.22	16.06	17.4	15.96
EV/EBITDA	14.81	13.26	18.8	17.65	19.81	17.68	22.28	24.97	29.89	40.27	33.39	26	27.22	29.75	26.12
EV/EBIT	15.86	14.04	19.88	18.76	21.24	18.83	23.75	26.55	31.5	43.16	35.79	27.59	28.78	31.46	27.7
EV/Cash Flow to Firm	15.93	18.66	21.6	27.83	26.01	23.05	27.32	30.33	36.38	46.26	36.73	29.19	32.37	31.99	28.71
EV/Free Cash Flow to Firm	17.05	19.28	22.44	29.32	27.17	24.16	28.82	31.98	38.31	48.44	38.31	30.34	33.37	33.01	29.5
Diluted Market Cap	48,408	61,604	101,325	102,060	113,402	113,671	162,261	198,291	307,905	350,206	359,118	336,871	401,624	487,915	522,140
Diluted Enterprise Value	43,468	56,613	95,041	97,213	109,966	110,544	160,003	196,341	308,854	352,408	365,225	343,565	408,193	497,399	530,251
EV per Share	33.93	44.84	77.93	83.1	96.66	100.35	149.22	187.5	302.22	350.33	368.25	353.93	431.58	536.72	585.39
TTM Sales	6,714	7,391	8,312	9,441	9,667	10,776	12,497	14,950	16,883	15,301	18,884	22,237	25,098	28,167	32,791
TTM EBITDA	2,907	4,167	4,761	5,427	5,444	6,134	7,059	7,741	10,186	8,661	10,808	13,014	14,807	16,479	20,040
TTM Operating Income	3,470	3,984	4,600	5,076	5,057	5,912	6,743	8,374	9,696	8,163	10,227	12,722	14,630	16,327	19,514
TTM Cash Flow to Firm	2,701	2,962	4,145	3,441	4,148	4,705	5,756	6,374	8,370	7,538	9,826	11,594	12,452	15,325	18,230
TTM Free Cash Flow to Firm	2,524	2,866	3,990	3,266	3,971	4,490	5,456	6,044	7,948	7,199	9,419	11,152	12,081	14,851	17,741

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	19.31	21.6	25.46	31.58	28.9	25.71	30.25	33.65	39.67	50.87	39.66	31.33	34.6	34.11	30.43
EV/EBIT	15.86	14.04	19.88	18.76	21.24	18.83	23.75	26.55	31.5	43.16	35.79	27.59	28.78	31.46	27.7
Enterprise Value	43,039	55,266	89,523	95,778	107,871	108,479	157,278	193,311	304,460	348,737	360,881	338,361	403,099	490,241	523,357
Low Price	22	33.55	48.78	68.78	81.3	80.58	102.26	150.82	181.68	203.86	306.69	284.97	345.03	417.52	454.64
EV/Sales	6.41	7.48	10.77	10.14	11.16	10.07	12.59	12.93	18.03	22.79	19.11	15.22	16.06	17.4	15.96
EV/EBITDA	14.81	13.26	18.8	17.65	19.81	17.68	22.28	24.97	29.89	40.27	33.39	26	27.22	29.75	26.12
Price/Earnings	25.4	22.15	32.41	28.12	29.7	27.93	41.25	33.65	37.74	54.41	41.17	33.82	35.8	37.82	34.85
Price/Earnings Average	20.04	19.32	23.82	24.96	27.55	25.86	34.58	34.06	32.03	48.5	40.63	33.17	32.46	33.96	33.7
Price/Earnings High	25.59	22.73	32.46	28.57	30.29	29.16	42.31	39.86	37.77	57.54	45.38	38.94	36.19	38.53	36.24
Price/Earnings Low	14.77	15.2	18.96	22.15	24.21	21.8	27.87	26.8	22.76	31.86	34.88	27.78	29.09	30	27.49
Price/Book Value	8.18	8.71	12.8	14.82	18.47	19.73	29.18	36.19	51.5	54.22	48.52	52.66	57.23	74.13	66.6
Price/Book Value Average	6.45	7.6	9.41	13.15	17.13	18.27	24.46	36.63	43.71	48.33	47.88	51.65	51.89	66.58	64.4
Price/Book Value High	8.24	8.94	12.82	15.06	18.83	20.6	29.93	42.88	51.54	57.35	53.47	60.64	57.85	75.52	69.27
Price/Book Value Low	4.76	5.98	7.49	11.67	15.05	15.4	19.71	28.82	31.06	31.75	41.1	43.26	46.51	58.81	52.54
Price/Tangible Book Value	11.45	11.69	16.84	22.1	33.39	35.12	121.51	130.17	667.06	-1,076.2	-88.23	-65.25	-82.32	-58.91	-69.84
Price/Tangible Book Value Average	9.04	10.2	12.38	19.61	30.97	32.52	101.86	131.75	566.06	-959.3	-87.07	-64	-74.64	-52.91	-67.54
Price/Tangible Book Value High	11.54	12	16.86	22.45	34.04	36.66	124.63	154.22	667.55	-1,138.21	-97.24	-75.13	-83.22	-60.01	-72.65
Price/Tangible Book Value Low	6.66	8.02	9.85	17.41	27.21	27.41	82.09	103.67	402.26	-630.24	-74.75	-53.6	-66.9	-46.73	-55.1
Price/Sales	7.21	8.27	12.15	10.77	11.7	10.52	12.92	13.19	18.15	22.8	18.94	15.1	15.97	17.28	15.91
Price/Sales Average	5.69	7.21	8.93	9.56	10.85	9.74	10.83	13.35	15.4	20.32	18.69	14.81	14.48	15.52	15.38
Price/Sales High	7.26	8.49	12.17	10.95	11.93	10.98	13.26	15.62	18.16	24.11	20.87	17.39	16.14	17.61	16.54
Price/Sales Low	4.19	5.67	7.11	8.49	9.54	8.21	8.73	10.5	10.94	13.35	16.05	12.41	12.98	13.71	12.55
Price/Cash Flow	18.04	20.73	24.42	29.85	27.58	24.45	28.51	31.68	37.44	48.29	37.8	30	33.45	32.94	29.55
Price/Cash Flow Average	14.23	18.08	17.95	26.49	25.58	22.64	23.9	32.07	31.77	43.04	37.3	29.42	30.33	29.58	28.58
Price/Cash Flow High	18.17	21.27	24.46	30.33	28.12	25.52	29.25	37.53	37.47	51.07	41.66	34.54	33.82	33.56	30.74
Price/Cash Flow Low	10.49	14.23	14.29	23.52	22.48	19.08	19.26	25.23	22.58	28.28	32.02	24.64	27.19	26.13	23.31
Price/Free Cash Flow Average	15.23	18.84	18.71	28.03	26.81	23.81	25.36	34.06	33.67	45.34	39.13	30.73	31.37	30.63	29.43
Price/Free Cash Flow High	19.46	22.17	25.5	32.08	29.47	26.84	31.03	39.86	39.7	53.8	43.7	36.07	34.97	34.74	31.65
Price/Free Cash Flow Low	11.23	14.82	14.89	24.88	23.56	20.06	20.44	26.8	23.92	29.79	33.6	25.73	28.12	27.05	24.01
EV/Sales Average	4.9	6.44	7.72	8.95	10.33	9.3	10.52	13.09	15.31	20.33	18.86	14.93	14.59	15.67	15.44
EV/Sales High	6.46	7.69	10.79	10.32	11.39	10.52	12.91	15.34	18.05	24.1	21.03	17.48	16.23	17.72	16.59
EV/Sales Low	3.42	4.92	5.99	7.88	9.03	7.79	8.44	10.27	10.9	13.41	16.24	12.55	13.1	13.88	12.64
EV/EBITDA Average	11.32	11.42	13.47	15.56	18.33	16.34	18.63	25.28	25.38	35.92	32.96	25.51	24.73	26.78	25.27
EV/EBITDA High	14.93	13.64	18.83	17.95	20.22	18.49	22.86	29.63	29.91	42.57	36.74	29.86	27.52	30.3	27.15
EV/EBITDA Low	7.9	8.73	10.45	13.71	16.03	13.69	14.95	19.84	18.06	23.69	28.37	21.45	22.21	23.72	20.69
EV/EBIT Average	12.13	12.08	14.24	16.54	19.66	17.4	19.86	26.87	26.75	38.5	35.33	27.07	26.14	28.32	26.8
EV/EBIT High	16	14.44	19.91	19.07	21.67	19.68	24.37	31.5	31.53	45.63	39.39	31.69	29.09	32.04	28.79
EV/EBIT Low	8.46	9.24	11.05	14.58	17.19	14.58	15.94	21.09	19.04	25.39	30.42	22.76	23.47	25.08	21.94
Last Price	37.82	48.89	83.4	87.31	99.74	103.24	151.36	189.39	301.28	348.12	362.01	346.93	424.55	526.34	576.31
High Price	38.11	50.17	83.52	88.71	101.7	107.79	155.25	224.37	301.5	368.18	398.98	399.49	429.2	536.19	599.46
Enterprise Value Average	32,914	47,573	64,142	84,456	99,815	100,230	131,481	195,676	258,506	311,096	356,220	331,983	366,120	441,253	506,366
Enterprise Value High	43,402	56,844	89,668	97,392	110,065	113,389	161,376	229,374	304,686	368,704	397,109	388,602	407,441	499,241	544,049
Enterprise Value Low	22,965	36,358	49,759	74,425	87,290	83,981	105,522	153,549	183,976	205,138	306,665	279,126	328,823	390,851	414,580

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	1,269	1,232	1,149	1,153	1,116	1,081	1,054	1,031	1,007	995	980	956	934	913	894
Diluted Weighted Avg Shares	1,280	1,260	1,215	1,169	1,137	1,101	1,072	1,047	1,022	1,006	992	971	946	927	906
Basic Weighted Avg Shares	1,280	1,250	1,211	1,165	1,134	1,098	1,067	1,041	1,017	1,002	988	968	944	925	905
Revenue per Share	5.25	5.91	6.86	8.1	8.52	9.81	11.71	14.36	16.6	15.27	19.11	22.97	26.59	30.45	36.23
EBITDA per Share	2.27	3.33	3.93	4.66	4.8	5.59	6.62	7.44	10.02	8.64	10.94	13.44	15.69	17.82	22.14
Operating Income per Share	2.71	3.19	3.8	4.36	4.46	5.38	6.32	8.04	9.53	8.15	10.35	13.14	15.5	17.65	21.56
Basic EPS, GAAP	1.49	2.21	2.57	3.1	3.36	3.7	3.67	5.63	7.98	6.4	8.79	10.26	11.86	13.92	16.54
Basic EPS from Cont Ops	1.49	2.21	2.57	3.1	3.36	3.7	3.67	5.63	7.98	6.4	8.79	10.26	11.86	13.92	16.54
Diluted EPS, GAAP	1.49	2.19	2.56	3.09	3.35	3.69	3.65	5.6	7.94	6.37	8.76	10.23	11.83	13.89	16.52
Diluted EPS from Cont Ops	1.49	2.19	2.56	3.09	3.35	3.69	3.65	5.6	7.94	6.37	8.76	10.23	11.83	13.89	16.52
Dividend per Share	0.06	0.11	0.21	0.44	0.64	0.76	0.88	1	1.32	1.6	1.76	1.97	2.29	2.65	3.05
Cash Flow per Share	2.1	2.36	3.41	2.92	3.62	4.22	5.31	5.98	8.05	7.21	9.58	11.57	12.69	15.98	19.5
Free Cash Flow per Basic Share	1.96	2.28	3.29	2.77	3.46	4.03	5.03	5.66	7.63	6.87	9.17	11.11	12.3	15.47	18.96
Cash & Equivalents per Share	3.9	4.06	5.48	5.53	6.04	7.71	7.38	8.13	7.62	10.64	8.06	7.75	9.83	9.6	12.19
Book Value per Share	4.63	5.61	6.51	5.89	5.4	5.23	5.19	5.23	5.85	6.42	7.46	6.59	7.42	7.1	8.65
Tangible Book Value per Share	3.3	4.18	4.95	3.95	2.99	2.94	1.25	1.45	0.45	-0.32	-4.1	-5.32	-5.16	-8.93	-8.25