Marriott International Financial Ratios — MAQ 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 (%)	- -	- -	- -	- -	- -	- -	32.64	65.68	86.95	-47.13	119.2	237.94	- -	- -	- -
Return on Assets (%)	2.66	9.32	9.53	11.05	13.3	5.35	6.08	8.02	5.22	-1.07	4.37	9.36	12.21	9.16	9.68
Return on Capital (%)	9.97	43.63	41.9	50.32	93.23	13.36	12.46	18.67	13.17	- -	12.28	21.9	30.31	23.83	25.2
Return on Invested Capital (%)	10.08	41.59	40.7	48.48	88.51	12.92	9.54	16.45	11.89	- -	13.53	21.9	30.2	23.73	25.24
Gross Margin (%)	10.38	13.75	13.8	14.25	14.66	17.34	18.64	17.7	15.34	13.8	20.21	21.94	21	19.81	19.94
EBITDA Margin (%)	5.44	8.82	8.72	9.47	10.28	10.27	13.61	12.77	10.5	5.32	14.76	18.59	18.13	16.97	18.1
Operating Margin (%)	4.27	7.96	7.73	8.4	9.32	11.75	13.02	12.14	9.24	3.32	12.69	16.72	16.55	15.31	15.81
Incremental Operating Margin (%)	- -	- -	4.95	16.9	27.68	49.95	16.91	- -	- -	15.26	42.82	24.81	15.31	- -	27.16
Pretax Margin (%)	2.89	7.19	7.02	7.89	8.66	8.04	14.58	11.3	7.62	-4.41	8.52	14.99	14.25	12.55	12.96
Profit Margin (%)	1.61	4.83	4.9	5.46	5.93	5.24	7.13	9.19	6.07	-2.53	7.93	11.35	13	9.46	9.93
Net Income to Common Margin (%)	1.61	4.83	4.9	5.46	5.93	5.24	7.13	9.19	6.07	-2.53	7.93	11.35	13	9.46	9.93
Effective Tax Rate (%)	44.38	32.74	30.21	30.79	31.55	34.79	51.07	18.68	20.39	- -	6.86	24.28	8.73	24.63	23.36
Dvd Payout Ratio (%)	67.68	33.45	31.31	29.61	29.45	46.29	33.04	28.47	48.08	-58.43	- -	13.61	19.04	28.72	27.6
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	21.86	46.98	45.15	-74.67	119.2	205.55	- -	- -	- -

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	2,171	2,935	3,153	3,771	4,107	8,506	8,238	9,347	11,822	11,199	11,236	11,098	12,760	15,241	17,083
ST Debt	355	407	6	324	300	309	398	833	977	1,173	805	684	553	1,309	1,209
LT Debt	1,816	2,528	3,147	3,447	3,807	8,197	7,840	8,514	10,845	10,026	10,431	10,414	12,207	13,932	15,874
Total Debt/EBITDA	3.24	2.82	2.83	2.89	2.76	5.37	2.96	3.53	5.37	19.93	5.49	2.87	2.97	3.58	3.6
Net Debt/EBITDA	3.09	2.73	2.71	2.81	2.69	4.83	2.82	3.41	4.86	16.9	4.28	2.47	2.68	3.3	3.34
Total Debt/EBIT	4.13	3.12	3.19	3.25	3.04	5.97	3.29	3.95	6.57	133.32	6.42	3.21	3.3	4.05	4.13
Net Debt/EBIT	3.93	3.03	3.06	3.16	2.97	5.37	3.14	3.82	5.95	113.08	5	2.76	2.99	3.73	3.83
EBITDA to Interest Expense	4.09	7.61	9.29	11.37	8.92	6.76	9.66	7.79	5.59	1.26	4.87	9.58	7.61	6.13	5.86
EBITDA-CapEx/Interest Expense	3.63	5.76	8.78	10.8	8.19	6.42	9.01	7.79	5.59	1.26	4.87	9.58	7.61	6.13	5.86
EBIT to Interest Expense	3.21	6.86	8.23	10.08	8.08	7.74	9.25	7.41	4.92	0.79	4.19	8.62	6.95	5.53	5.12
Interest Expense	164	137	120	115	167	234	288	340	394	445	420	403	565	695	809
Common Equity/Total Assets	-13.21	-20.26	-20.83	-32.2	-59.03	22.19	15.02	9.39	2.81	1.74	5.53	2.29	-2.66	-11.43	-13.69
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	153.01	218.87	382.65	1,542.67	2,331.63	737.69	1,833.45	- -	- -	- -
Long-Term Debt/Capital (%)	130.65	153.21	181.07	219.41	736.36	59.13	66.33	73.57	86.59	86.22	82.46	89.27	101.07	113.74	119.25
Long-Term Debt/Total Assets (%)	30.73	39.86	46.32	50.45	62.59	33.96	32.88	35.93	43.29	40.59	40.82	41.97	47.55	53.21	57.64
Total Debt/Equity (%)	-277.98	-228.4	-222.83	-171.41	-114.4	158.78	229.98	420.09	1,681.65	2,604.42	794.63	1,953.87	-1,870.97	-509.39	-453.01
Total Debt/Capital (%)	156.19	177.88	181.42	240.04	794.39	61.36	69.7	80.77	94.39	96.3	88.82	95.13	105.65	124.43	128.33
Total Debt/Total Assets (%)	36.73	46.28	46.41	55.19	67.53	35.24	34.55	39.45	47.19	45.34	43.97	44.72	49.7	58.21	62.03
Net Debt to Equity	-264.92	-221.56	-213.92	-166.68	-111.73	142.77	219.29	405.89	1,524.18	2,209.07	618.46	1,682.57	-1,691.35	-469.62	-420.21
Net Debt/Capital (%)	160.64	182.27	187.78	249.97	952.73	58.81	68.68	80.23	87.11	88.35	77.68	85.64	98.25	118.54	122.33
EBITDA	670	1,042	1,115	1,307	1,489	1,583	2,783	2,650	2,203	562	2,045	3,862	4,300	4,259	4,740
EBITDA-CapEx	596	789	1,054	1,242	1,368	1,503	2,594	2,650	2,203	562	2,045	3,862	4,300	4,259	4,740
Operating Income (Loss)	526	940	988	1,159	1,350	1,810	2,663	2,521	1,938	351	1,758	3,474	3,924	3,844	4,139

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	0.04	0.03	0.05	0.03	0.03	0.17	0.07	0.05	0.03	0.15	0.22	0.07	0.04	0.05	0.04
Current Ratio	0.52	0.53	0.71	0.53	0.43	0.65	0.47	0.42	0.47	0.49	0.57	0.45	0.43	0.4	0.43
Quick Ratio	0.38	0.4	0.45	0.4	0.37	0.5	0.41	0.38	0.39	0.46	0.53	0.42	0.39	0.37	0.39
CFO/Avg Current Liab	0.43	0.37	0.42	0.43	0.48	0.39	0.41	0.39	0.26	0.26	0.19	0.34	0.42	0.34	0.38
Common Equity/Total Assets	-13.21	-20.26	-20.83	-32.2	-59.03	22.19	15.02	9.39	2.81	1.74	5.53	2.29	-2.66	-11.43	-13.69
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	153.01	218.87	382.65	1,542.67	2,331.63	737.69	1,833.45	- -	- -	- -
Long-Term Debt/Capital (%)	130.65	153.21	181.07	219.41	736.36	59.13	66.33	73.57	86.59	86.22	82.46	89.27	101.07	113.74	119.25
Long-Term Debt/Total Assets (%)	30.73	39.86	46.32	50.45	62.59	33.96	32.88	35.93	43.29	40.59	40.82	41.97	47.55	53.21	57.64
Total Debt/Equity (%)	-277.98	-228.4	-222.83	-171.41	-114.4	158.78	229.98	420.09	1,681.65	2,604.42	794.63	1,953.87	-1,870.97	-509.39	-453.01
Total Debt/Capital (%)	156.19	177.88	181.42	240.04	794.39	61.36	69.7	80.77	94.39	96.3	88.82	95.13	105.65	124.43	128.33
Total Debt/Total Assets (%)	36.73	46.28	46.41	55.19	67.53	35.24	34.55	39.45	47.19	45.34	43.97	44.72	49.7	58.21	62.03
CFO/Total Liabilities	16.28	12.97	13.89	13.55	15.66	8.62	10.99	10.98	6.92	6.75	4.88	9.75	12.03	9.42	10.26
CFO/CapEx	14.72	3.91	18.69	18.83	12.52	20.24	11.78	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	5.35	6.22	7.47	4.92	7.3	6.92	6.2	4.27	5.43	7.34	8.33	8.47	8.82

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	- -	12.42	12.12	12.65	13.15	11.01	11.15	10.11	9.26	5.08	7.39	9.12	8.98	9.12	9.18
Days Sales Outstanding	- -	29.4	30.11	28.85	27.75	33.14	32.73	36.1	39.4	71.87	49.39	40	40.66	40.04	39.75
Inventory Turnover	14.72	617.58	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	24.8	0.59	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	16.18	18.26	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	22.56	19.98	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	10	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	28.81	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	11	22	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	11	22	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	- -	- -	14,598	21,777	17,502	31,905	48,634	35,578	49,667	41,963	54,603	45,877	64,721	77,837	83,608
- Cash & Cash Equivalents	102	88	126	104	96	858	383	316	225	877	1,393	507	338	396	358
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	2,171	2,935	3,153	3,771	4,107	8,506	8,238	9,347	11,822	11,199	11,236	11,098	12,760	15,241	17,083
Enterprise Value	- -	- -	17,625	25,444	21,513	39,553	56,489	44,609	61,264	52,285	64,446	56,468	77,143	92,682	100,333
Total Capital	1,390	1,650	1,738	1,571	517	13,863	11,820	11,572	12,525	11,629	12,650	11,666	12,078	12,249	13,312
Total Debt/Capital (%)	156.19	177.88	181.42	240.04	794.39	61.36	69.7	80.77	94.39	96.3	88.82	95.13	105.65	124.43	128.33
Total Debt / EV	- -	- -	0.18	0.15	0.19	0.22	0.15	0.21	0.19	0.21	0.17	0.2	0.17	0.16	0.17
EV/Sales	- -	- -	1.38	1.84	1.49	2.57	2.76	2.15	2.92	4.95	4.65	2.72	3.25	3.69	3.83
EV/EBITDA	- -	- -	15.81	19.47	14.45	24.99	20.3	16.83	27.81	93.03	31.51	14.62	17.94	21.76	21.17
EV/EBIT	- -	- -	17.84	21.95	15.94	27.78	22.56	18.85	34.04	622.44	36.83	16.31	19.96	24.6	24.23
EV/Cash Flow to Firm	- -	- -	14.4	19.52	13.2	22.33	23.86	16.94	30.65	- -	41.1	21.16	20.93	28.32	26.18
EV/Free Cash Flow to Firm	- -	- -	15.16	20.54	14.26	23.38	25.93	16.94	30.65	- -	41.1	21.16	20.93	28.32	26.18
Diluted Market Cap	- -	- -	14,940	23,393	18,629	24,762	52,075	37,719	51,398	42,144	54,937	48,122	67,475	80,237	86,040
Diluted Enterprise Value	- -	- -	17,967	27,060	22,640	32,410	59,930	46,750	62,995	52,466	64,780	58,713	79,897	95,082	102,765
EV per Share	- -	- -	59.14	92.09	83.94	103.81	159.21	133.52	188.97	161.17	196.9	181.8	265.52	334.99	377.38
TTM Sales	12,317	11,814	12,784	13,796	14,486	15,407	20,452	20,758	20,972	10,571	13,857	20,773	23,713	25,100	26,186
TTM EBITDA	670	1,042	1,115	1,307	1,489	1,583	2,783	2,650	2,203	562	2,045	3,862	4,300	4,259	4,740
TTM Operating Income	526	940	988	1,159	1,350	1,810	2,663	2,521	1,938	351	1,758	3,474	3,924	3,844	4,139
TTM Cash Flow to Firm	1,180	1,081	1,224	1,304	1,629	1,772	2,368	2,633	1,999	- -	1,568	2,668	3,686	3,273	3,832
TTM Free Cash Flow to Firm	1,106	828	1,163	1,239	1,508	1,692	2,179	2,633	1,999	- -	1,568	2,668	3,686	3,273	3,832

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	- -	- -	13.85	20.18	13.36	16.09	25.55	16	30.5	25.71	46.68	20.36	21.29	29.19	26.79
EV/EBIT	- -	- -	17.84	21.95	15.94	27.78	22.56	18.85	34.04	622.44	36.83	16.31	19.96	24.6	24.23
Enterprise Value	- -	- -	17,625	25,444	21,513	39,553	56,489	44,609	61,264	52,285	64,446	56,468	77,143	92,682	100,333
Low Price	- -	- -	38.77	47.69	65.87	57.41	81.79	104.53	103.58	60.88	115.32	134.67	147.98	212.09	206.31
EV/Sales	- -	- -	1.38	1.84	1.49	2.57	2.76	2.15	2.92	4.95	4.65	2.72	3.25	3.69	3.83
EV/EBITDA	- -	- -	15.81	19.47	14.45	24.99	20.3	16.83	27.81	93.03	31.51	14.62	17.94	21.76	21.17
Price/Earnings	- -	- -	23.87	30.34	21.25	30.15	35.25	19.55	40.04	- -	49.67	20.32	21.78	33.67	33
Price/Earnings Average	- -	- -	20.97	24.27	23.59	25.03	26.45	23.83	33.67	- -	42.92	21.94	18.09	29.51	28.25
Price/Earnings High	- -	- -	23.87	30.5	26.62	30.77	35.25	27.61	40.38	- -	49.89	26.18	21.91	34.9	33.25
Price/Earnings Low	- -	- -	18.89	18.36	20.5	20.67	21.03	19.19	27.07	- -	34.33	18.53	14.47	25.38	21.65
Price/Book Value	- -	- -	-10.32	-9.9	-4.88	5.96	13.58	15.99	70.65	97.59	38.62	80.77	-94.9	-26.02	-22.17
Price/Book Value Average	- -	- -	-9.06	-7.92	-5.41	4.94	10.19	19.49	59.41	79.6	33.37	87.2	-78.82	-22.8	-18.98
Price/Book Value High	- -	- -	-10.32	-9.95	-6.11	6.08	13.58	22.58	71.25	114.77	38.78	104.04	-95.44	-26.97	-22.35
Price/Book Value Low	- -	- -	-8.17	-5.99	-4.7	4.08	8.1	15.7	47.77	45.93	26.69	73.64	-63.04	-19.61	-14.55
Price/Tangible Book Value	- -	- -	-4.27	-4.9	-2.92	-2.77	-3.43	-2.34	-2.92	-2.37	-3.29	-2.69	-3.45	-3.67	-3.63
Price/Tangible Book Value Average	- -	- -	-3.75	-3.92	-3.25	-2.3	-2.58	-2.85	-2.46	-1.93	-2.85	-2.9	-2.87	-3.22	-3.11
Price/Tangible Book Value High	- -	- -	-4.27	-4.92	-3.66	-2.83	-3.43	-3.31	-2.95	-2.78	-3.31	-3.47	-3.47	-3.8	-3.66
Price/Tangible Book Value Low	- -	- -	-3.38	-2.96	-2.82	-1.9	-2.05	-2.3	-1.98	-1.11	-2.28	-2.45	-2.29	-2.77	-2.38
Price/Sales	- -	- -	1.17	1.66	1.26	1.58	2.51	1.8	2.43	3.99	3.94	2.31	2.83	3.19	3.28
Price/Sales Average	- -	- -	1.03	1.32	1.4	1.31	1.89	2.19	2.04	3.25	3.4	2.49	2.35	2.79	2.81
Price/Sales High	- -	- -	1.17	1.66	1.58	1.61	2.51	2.54	2.45	4.69	3.96	2.97	2.85	3.3	3.3
Price/Sales Low	- -	- -	0.93	1	1.22	1.08	1.5	1.76	1.64	1.88	2.72	2.1	1.88	2.4	2.15
Price/Cash Flow	- -	- -	13.11	18.67	12.05	15.05	23.09	15.82	30.25	25.71	46.38	20.28	21.19	29.09	26.72
Price/Cash Flow Average	- -	- -	11.51	14.93	13.37	12.49	17.33	19.28	25.44	20.97	40.08	21.89	17.6	25.5	22.88
Price/Cash Flow High	- -	- -	13.11	18.76	15.1	15.36	23.09	22.34	30.51	30.24	46.58	26.12	21.31	30.16	26.93
Price/Cash Flow Low	- -	- -	10.37	11.3	11.62	10.32	13.78	15.53	20.45	12.1	32.06	18.49	14.07	21.93	17.53
Price/Free Cash Flow Average	- -	- -	12.16	16.14	14.83	13.36	19.17	19.51	25.65	20.97	40.34	21.99	17.68	25.59	22.94
Price/Free Cash Flow High	- -	- -	13.85	20.29	16.74	16.42	25.55	22.6	30.76	30.24	46.88	26.23	21.41	30.26	27
Price/Free Cash Flow Low	- -	- -	10.96	12.21	12.89	11.03	15.25	15.71	20.62	12.1	32.26	18.57	14.14	22	17.57
EV/Sales Average	- -	- -	1.24	1.53	1.62	2.22	2.17	2.52	2.54	4.21	4.12	2.89	2.79	3.31	3.37
EV/Sales High	- -	- -	1.38	1.85	1.79	2.61	2.76	2.86	2.94	5.65	4.67	3.35	3.27	3.81	3.86
EV/Sales Low	- -	- -	1.14	1.22	1.44	1.92	1.8	2.12	2.15	2.84	3.43	2.52	2.34	2.93	2.73
EV/EBITDA Average	- -	- -	14.22	16.13	15.74	21.56	15.93	19.77	24.22	79.27	27.89	15.57	15.39	19.51	18.63
EV/EBITDA High	- -	- -	15.81	19.55	17.42	25.4	20.3	22.37	28	106.18	31.63	18.04	18.03	22.43	21.31
EV/EBITDA Low	- -	- -	13.08	12.89	14.03	18.65	13.25	16.59	20.51	53.51	23.27	13.57	12.89	17.26	15.1
EV/EBIT Average	- -	- -	16.04	18.19	17.36	23.97	17.71	22.15	29.65	530.36	32.59	17.37	17.13	22.05	21.33
EV/EBIT High	- -	- -	17.84	22.05	19.21	28.24	22.56	25.05	34.27	710.41	36.96	20.13	20.06	25.36	24.39
EV/EBIT Low	- -	- -	14.76	14.53	15.48	20.73	14.73	18.58	25.1	357.98	27.19	15.14	14.34	19.52	17.28
Last Price	- -	- -	48.99	78.82	68.29	83.74	137.08	106.49	153.2	129.36	166.83	147.7	222.76	281.33	314.48
High Price	- -	- -	48.99	79.22	85.56	85.48	137.08	150.39	154.5	152.14	167.56	190.27	224.04	291.69	316.95
Enterprise Value Average	- -	- -	15,851	21,085	23,440	34,133	44,344	52,400	53,364	44,550	57,030	60,122	66,179	83,076	88,317
Enterprise Value High	- -	- -	17,625	25,555	25,940	40,214	56,489	59,278	61,687	59,675	64,684	69,688	77,514	95,548	100,990
Enterprise Value Low	- -	- -	14,581	16,845	20,893	29,521	36,875	43,953	45,177	30,070	47,587	52,421	55,416	73,525	71,575

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	331	311	298	276	256	381	355	334	324	324	327	311	291	277	266
Diluted Weighted Avg Shares	362	333	305	297	273	296	380	354	336	326	329	326	303	285	274
Basic Weighted Avg Shares	350	323	305	290	267	291	375	350	333	326	327	324	302	284	273
Revenue per Share	35.18	36.62	41.91	47.59	54.19	52.96	54.51	59.29	63.04	32.45	42.35	64.04	78.65	88.32	95.95
EBITDA per Share	1.91	3.23	3.66	4.51	5.57	5.44	7.42	7.57	6.62	1.72	6.25	11.91	14.26	14.99	17.37
Operating Income per Share	1.5	2.91	3.24	4	5.05	6.22	7.1	7.2	5.83	1.08	5.37	10.71	13.01	13.53	15.17
Basic EPS, GAAP	0.57	1.77	2.05	2.6	3.21	2.78	3.89	5.45	3.83	-0.82	3.36	7.27	10.23	8.36	9.53
Basic EPS from Cont Ops	0.57	1.77	2.05	2.6	3.21	2.78	3.89	5.45	3.83	-0.82	3.36	7.27	10.23	8.36	9.53
Diluted EPS, GAAP	0.55	1.72	2.05	2.54	3.15	2.73	3.84	5.38	3.79	-0.82	3.34	7.24	10.18	8.33	9.51
Diluted EPS from Cont Ops	0.55	1.72	2.05	2.54	3.15	2.73	3.84	5.38	3.79	-0.82	3.34	7.24	10.18	8.33	9.51
Dividend per Share	0.38	0.59	0.64	0.77	0.95	1.29	1.28	1.55	1.84	0.48	- -	0.99	1.95	2.4	2.63
Cash Flow per Share	3.11	3.07	3.74	4.22	5.67	5.57	5.94	6.73	5.06	5.03	3.6	7.28	10.51	9.67	11.77
Free Cash Flow per Basic Share	2.9	2.28	3.54	4	5.22	5.29	5.43	6.73	5.06	5.03	3.6	7.28	10.51	9.67	11.77
Cash & Equivalents per Share	0.31	0.28	0.42	0.38	0.37	2.25	1.08	0.95	0.69	2.7	4.26	1.63	1.16	1.43	1.35
Book Value per Share	-2.36	-4.13	-4.75	-7.96	-14.01	14.06	10.1	6.66	2.17	1.33	4.32	1.83	-2.35	-10.81	-14.18
Tangible Book Value per Share	-7.56	-10.53	-11.48	-16.09	-23.35	-30.21	-39.94	-45.48	-52.39	-54.67	-50.67	-54.9	-64.56	-76.66	-86.56