CBRE Group Inc Financial Ratios — RF6 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 (%)	23.22	23.46	18.43	23.32	22.01	20.01	19.56	23.49	22.96	11.3	23.54	17.18	12.23	11.61	13.38
Return on Assets (%)	3.88	4.2	4.28	6.65	5.89	5.26	6.2	8.45	8.65	4.39	9.16	6.61	4.58	4.13	4.19
Return on Capital (%)	6.33	8.32	7.5	11.66	10.31	9.35	11	14.96	14.76	7.33	14.87	10.84	7.27	6.25	6.01
Return on Invested Capital (%)	6.04	6.98	7.96	11.55	8.93	7.68	9.26	11.05	13.05	6.94	9.9	10.03	6.86	8.29	8.08
Gross Margin (%)	41.46	42.55	41.69	38	34.75	22.73	23.21	22.92	21.78	20.06	22.22	21.37	19.64	19.45	18.66
EBITDA Margin (%)	9.82	11.61	11.24	11.68	10.59	6.82	7.97	7.22	7.11	6.18	7.8	6.89	5.44	5.83	6.12
Operating Margin (%)	7.62	9.2	9.75	8.12	7.6	4.61	5.68	5.03	5.57	4.07	5.64	4.3	3.41	3.55	3.19
Incremental Operating Margin (%)	1.37	24.5	15.16	1.82	5.02	- -	20.47	0.53	10.05	529.05	15.19	- -	- -	4.74	0.48
Pretax Margin (%)	7.27	7.51	7.08	8.59	8.1	5.08	6.29	6.46	5.7	4.07	8.69	5.38	4	3.41	3.93
Profit Margin (%)	4.05	4.84	4.41	5.35	5.04	3.3	3.74	4.98	5.37	3.16	6.62	4.56	3.09	2.71	2.85
Net Income to Common Margin (%)	4.05	4.84	4.41	5.35	5.04	3.3	3.74	4.98	5.37	3.16	6.62	4.56	3.09	2.71	2.85
Effective Tax Rate (%)	44.02	37.86	36.78	33.93	36.47	33.66	39.93	22.7	5.13	22.07	23.57	14.11	19.58	14.94	19.89
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	23.22	23.46	18.43	23.32	22.01	20.01	19.56	23.49	22.96	11.3	23.54	17.18	12.23	11.61	13.38

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	3,604	3,751	2,488	2,357	4,430	3,803	2,910	3,099	3,971	4,096	4,197	3,493	4,826	5,694	9,991
ST Debt	972	1,208	621	548	1,785	1,255	911	1,332	1,152	1,599	1,543	1,327	933	1,142	2,820
LT Debt	2,632	2,544	1,867	1,809	2,645	2,548	2,000	1,767	2,819	2,497	2,655	2,166	3,893	4,552	7,171
Total Debt/EBITDA	6.22	4.96	3.08	2.23	3.85	3.21	1.96	2.01	2.34	2.78	1.94	1.64	2.78	2.73	4.03
Net Debt/EBITDA	4.33	3.52	2.47	1.53	3.38	2.57	1.45	1.51	1.04	0.59	0.19	0.41	1.28	1.47	2.31
Total Debt/EBIT	7.79	6.41	4.04	2.98	5.3	4.66	2.7	2.85	3.15	4.22	2.56	2.31	4.32	4.03	5.7
Net Debt/EBIT	5.42	4.55	3.24	2.04	4.65	3.72	2	2.13	1.41	0.9	0.25	0.57	2	2.17	3.26
EBITDA to Interest Expense	3.86	4.32	5.98	9.44	9.67	8.17	11.69	15.6	19.81	21.72	42.96	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	3.86	4.32	5.98	9.44	9.67	8.17	11.69	15.6	19.81	21.72	42.96	- -	- -	- -	- -
EBIT to Interest Expense	2.99	3.42	5.19	6.56	6.94	5.53	8.34	10.87	15.51	14.33	31.1	- -	- -	- -	- -
Interest Expense	150	175	135	112	119	145	127	99	86	68	50	- -	- -	- -	- -
Common Equity/Total Assets	15.95	19.71	27.09	29.86	24.62	27.96	35.11	36.7	38.48	39.24	38.64	38.28	36.66	34.5	28.75
Long-Term Debt/Equity (%)	185.7	151.25	96.43	78.59	95.87	83.35	47.9	35.28	44.94	33.27	28.36	25.17	42.94	49.52	74.5
Long-Term Debt/Capital (%)	52.41	46.82	42.2	38.82	36.79	37.14	28.22	21.79	27.52	21.52	19.58	17.9	28.02	30.58	36.56
Long-Term Debt/Total Assets (%)	36.45	32.57	26.68	23.9	24.01	23.64	17.06	13.13	17.4	13.84	12.03	10.56	17.27	18.67	23.22
Total Debt/Equity (%)	254.3	223.06	128.52	102.42	160.57	124.39	69.72	61.86	63.3	54.58	44.85	40.59	53.23	61.95	103.79
Total Debt/Capital (%)	71.78	69.05	56.24	50.6	61.62	55.43	41.08	38.22	38.76	35.31	30.96	28.87	34.74	38.25	50.93
Total Debt/Total Assets (%)	49.92	48.04	35.55	31.15	40.21	35.28	24.84	23.03	24.52	22.71	19.01	17.03	21.4	23.35	32.36
Net Debt to Equity	177.16	158.29	103.12	70.23	140.99	99.44	51.71	46.35	28.26	11.66	4.46	10.05	24.59	33.43	59.44
Net Debt/Capital (%)	63.92	61.28	50.77	41.25	58.5	49.86	34.08	31.67	19.12	9.01	3.75	8.02	17.66	22.31	32.23
EBITDA	580	756	807	1,057	1,150	1,184	1,485	1,540	1,699	1,471	2,163	2,125	1,739	2,087	2,482
EBITDA-CapEx	580	756	807	1,057	1,150	1,184	1,485	1,540	1,699	1,471	2,163	2,125	1,739	2,087	2,482
Operating Income (Loss)	450	599	701	735	825	801	1,059	1,073	1,330	971	1,566	1,327	1,090	1,271	1,294

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	0.47	0.4	0.21	0.27	0.11	0.17	0.16	0.13	0.15	0.27	0.29	0.16	0.15	0.12	0.15
Current Ratio	1.33	1.37	1.11	1.15	1.06	1.13	1.19	1.16	1.17	1.24	1.2	1.03	1.17	1.07	1.09
Quick Ratio	1.17	1.18	0.93	1.06	0.97	1.04	1.09	1.06	1.06	1.14	1.1	0.92	1.08	0.99	1.01
CFO/Avg Current Liab	0.16	0.1	0.27	0.24	0.16	0.13	0.19	0.22	0.2	0.27	0.3	0.2	0.06	0.19	0.14
Common Equity/Total Assets	15.95	19.71	27.09	29.86	24.62	27.96	35.11	36.7	38.48	39.24	38.64	38.28	36.66	34.5	28.75
Long-Term Debt/Equity (%)	185.7	151.25	96.43	78.59	95.87	83.35	47.9	35.28	44.94	33.27	28.36	25.17	42.94	49.52	74.5
Long-Term Debt/Capital (%)	52.41	46.82	42.2	38.82	36.79	37.14	28.22	21.79	27.52	21.52	19.58	17.9	28.02	30.58	36.56
Long-Term Debt/Total Assets (%)	36.45	32.57	26.68	23.9	24.01	23.64	17.06	13.13	17.4	13.84	12.03	10.56	17.27	18.67	23.22
Total Debt/Equity (%)	254.3	223.06	128.52	102.42	160.57	124.39	69.72	61.86	63.3	54.58	44.85	40.59	53.23	61.95	103.79
Total Debt/Capital (%)	71.78	69.05	56.24	50.6	61.62	55.43	41.08	38.22	38.76	35.31	30.96	28.87	34.74	38.25	50.93
Total Debt/Total Assets (%)	49.92	48.04	35.55	31.15	40.21	35.28	24.84	23.03	24.52	22.71	19.01	17.03	21.4	23.35	32.36
CFO/Total Liabilities	6.23	4.75	14.72	12.57	7.89	7.99	11.86	13.39	12.33	17.38	18.59	13.68	3.56	11.24	7.34
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	2.48	2.75	3.96	4.52	3.45	4.65	5.15	4.82	4.64	4.17	4.88	4.77	4.53	4.84	4.25

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	5.69	5.43	5.23	5.62	5.16	6.84	6.52	6.29	5.87	5.38	5.81	5.88	5.46	5.35	5.3
Days Sales Outstanding	64.14	67.19	69.83	64.99	70.74	53.35	56.02	57.99	62.14	67.88	62.79	62.03	66.82	68.25	68.81
Inventory Turnover	94.57	39.96	56	488.4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	3.86	9.13	6.52	0.75	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	6.86	6.59	5.83	6.8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	53.24	55.35	62.64	53.65	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	14.76	20.98	13.71	12.09	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	60.28	58.05	63.32	64.24	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	57	130	19	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	57	130	19	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	4,962	6,432	8,728	11,611	11,659	10,581	14,892	13,477	20,437	21,055	36,014	23,978	28,439	39,305	48,298
- Cash & Cash Equivalents	1,093	1,089	492	741	540	763	752	777	972	1,896	2,431	1,318	1,265	1,114	1,864
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	266	143	40	42	46	43	60	71	40	427	831	753	800	781	748
+ Total Debt	3,604	3,751	2,488	2,357	4,430	3,803	2,910	3,099	3,971	4,096	4,197	3,493	4,826	5,694	9,991
Enterprise Value	7,584	9,135	10,706	13,205	15,595	13,664	17,111	15,870	23,477	23,683	38,611	26,906	32,800	44,666	57,173
Total Capital	5,021	5,433	4,424	4,658	7,189	6,860	7,085	8,109	10,244	11,602	13,556	12,099	13,893	14,886	19,617
Total Debt/Capital (%)	71.78	69.05	56.24	50.6	61.62	55.43	41.08	38.22	38.76	35.31	30.96	28.87	34.74	38.25	50.93
Total Debt / EV	0.48	0.41	0.23	0.18	0.28	0.28	0.17	0.2	0.17	0.17	0.11	0.13	0.15	0.13	0.17
EV/Sales	1.28	1.4	1.49	1.46	1.44	0.79	0.92	0.74	0.98	0.99	1.39	0.87	1.03	1.25	1.41
EV/EBITDA	13.08	12.08	13.26	12.49	13.56	11.54	11.52	10.31	13.82	16.09	17.85	12.66	18.86	21.4	23.04
EV/EBIT	16.38	15.61	17.38	16.67	18.66	16.73	15.86	14.59	18.63	24.42	23.59	17.79	29.36	31.61	32.61
EV/Cash Flow to Firm	17.03	22.85	12.89	17.95	21.44	19.16	17.63	13.14	17.99	12.57	16.07	16.52	68.33	26.15	36.67
EV/Free Cash Flow to Firm	17.03	22.85	12.89	17.95	21.44	19.16	17.63	13.14	17.99	12.57	16.07	16.52	68.33	26.15	36.67
Diluted Market Cap	4,898	6,373	8,723	11,652	11,735	10,617	14,950	13,726	20,789	21,233	36,754	25,264	29,154	40,083	49,118
Diluted Enterprise Value	7,520	9,076	10,702	13,246	15,671	13,700	17,169	16,119	23,829	23,860	39,351	28,192	33,515	45,444	57,993
EV per Share	23.12	27.68	32.25	39.66	46.66	40.51	50.41	47.11	70.13	70.58	115.99	86.51	107.58	147.88	193.33
TTM Sales	5,905	6,514	7,185	9,050	10,856	17,369	18,629	21,340	23,894	23,826	27,746	30,828	31,949	35,767	40,550
TTM EBITDA	580	756	807	1,057	1,150	1,184	1,485	1,540	1,699	1,471	2,163	2,125	1,739	2,087	2,482
TTM Operating Income	450	599	701	735	825	801	1,059	1,073	1,330	971	1,566	1,327	1,090	1,271	1,294
TTM Cash Flow to Firm	445	400	831	736	727	713	971	1,208	1,305	1,884	2,402	1,629	480	1,708	1,559
TTM Free Cash Flow to Firm	445	400	831	736	727	713	971	1,208	1,305	1,884	2,402	1,629	480	1,708	1,559

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	13.56	21.89	11.71	17.61	18	17.21	16.72	12.13	16.99	11.6	15.55	15.51	60.74	23.47	31.51
EV/EBIT	16.38	15.61	17.38	16.67	18.66	16.73	15.86	14.59	18.63	24.42	23.59	17.79	29.36	31.61	32.61
Enterprise Value	7,584	9,135	10,706	13,205	15,595	13,664	17,111	15,870	23,477	23,683	38,611	26,906	32,800	44,666	57,173
Low Price	12.88	15.11	19.73	25.61	30.97	23.46	30.22	38.8	38.69	30.9	59.69	68.1	66.03	83.36	111.72
EV/Sales	1.28	1.4	1.49	1.46	1.44	0.79	0.92	0.74	0.98	0.99	1.39	0.87	1.03	1.25	1.41
EV/EBITDA	13.08	12.08	13.26	12.49	13.56	11.54	11.52	10.31	13.82	16.09	17.85	12.66	18.86	21.4	23.04
Price/Earnings	20.14	19.9	27.26	23.79	21.21	18.36	21.25	12.77	15.99	27.97	19.74	17.69	29.18	41.12	42.09
Price/Earnings Average	28.06	18.35	24.27	20.31	21.74	16.73	17.68	14.53	13.36	22.34	16.02	19.01	24.78	32.98	37
Price/Earnings High	39.3	21.37	27.26	23.79	23.89	20.07	21.38	16	16.1	29.78	19.74	25.18	29.18	44.79	43.11
Price/Earnings Low	17.16	15.43	20.45	17.47	18.83	13.73	14.64	12.38	10.13	13.77	10.89	15.63	20.65	26.34	28.79
Price/Book Value	4.31	4.18	4.6	5.14	4.3	3.51	3.62	2.73	3.28	2.97	4.22	3.05	3.44	4.67	5.44
Price/Book Value Average	6	3.85	4.1	4.39	4.41	3.2	3.01	3.11	2.74	2.38	3.43	3.28	2.92	3.75	4.78
Price/Book Value High	8.41	4.49	4.6	5.14	4.84	3.84	3.64	3.42	3.3	3.17	4.22	4.35	3.44	5.09	5.57
Price/Book Value Low	3.67	3.24	3.45	3.77	3.82	2.63	2.49	2.65	2.08	1.46	2.33	2.7	2.44	2.99	3.72
Price/Tangible Book Value	-3.37	-5.66	-7.06	-13.25	-6.39	-7.68	-27.61	-87.05	18.58	11.15	32.05	30.28	26.91	79.89	-42.18
Price/Tangible Book Value Average	-4.7	-5.22	-6.29	-11.31	-6.55	-7	-22.98	-99.1	15.53	8.9	26.01	32.54	22.85	64.07	-37.08
Price/Tangible Book Value High	-6.58	-6.07	-7.06	-13.25	-7.2	-8.39	-27.78	-109.11	18.72	11.87	32.05	43.09	26.91	87.04	-43.21
Price/Tangible Book Value Low	-2.87	-4.39	-5.3	-9.73	-5.68	-5.74	-19.02	-84.44	11.78	5.49	17.68	26.74	19.04	51.18	-28.86
Price/Sales	0.82	0.96	1.2	1.27	1.07	0.61	0.8	0.64	0.86	0.88	1.31	0.81	0.9	1.11	1.2
Price/Sales Average	1.14	0.89	1.07	1.09	1.1	0.55	0.66	0.72	0.72	0.71	1.06	0.87	0.76	0.89	1.06
Price/Sales High	1.59	1.04	1.2	1.27	1.2	0.66	0.8	0.8	0.86	0.94	1.31	1.15	0.9	1.21	1.23
Price/Sales Low	0.69	0.75	0.9	0.94	0.95	0.45	0.55	0.62	0.54	0.43	0.72	0.71	0.64	0.71	0.82
Price/Cash Flow	13.34	21.58	11.58	17.42	17.8	17.05	16.56	12	16.76	11.49	15.34	15.28	59.94	23.3	31.23
Price/Cash Flow Average	18.58	19.9	10.31	14.87	18.25	15.54	13.78	13.66	14.01	9.18	12.45	16.42	50.9	18.69	27.46
Price/Cash Flow High	26.02	23.17	11.58	17.42	20.05	18.64	16.67	15.04	16.88	12.23	15.34	21.74	59.94	25.39	32
Price/Cash Flow Low	11.36	16.73	8.69	12.79	15.8	12.76	11.41	11.64	10.62	5.66	8.46	13.5	42.43	14.93	21.37
Price/Free Cash Flow Average	18.88	20.19	10.42	15.03	18.45	15.68	13.91	13.81	14.2	9.26	12.62	16.67	51.58	18.82	27.7
Price/Free Cash Flow High	26.45	23.51	11.71	17.61	20.28	18.81	16.82	15.21	17.11	12.35	15.55	22.07	60.74	25.57	32.27
Price/Free Cash Flow Low	11.55	16.98	8.78	12.93	15.98	12.87	11.51	11.77	10.77	5.71	8.58	13.7	42.99	15.03	21.55
EV/Sales Average	1.61	1.33	1.36	1.27	1.46	0.73	0.78	0.83	0.84	0.82	1.15	0.93	0.89	1.03	1.27
EV/Sales High	2.08	1.48	1.49	1.46	1.57	0.84	0.92	0.9	0.99	1.05	1.39	1.2	1.03	1.35	1.44
EV/Sales Low	1.16	1.18	1.19	1.12	1.32	0.63	0.67	0.72	0.67	0.55	0.81	0.78	0.77	0.85	1.03
EV/EBITDA Average	16.44	11.42	12.07	10.88	13.82	10.75	9.84	11.52	11.84	13.22	14.71	13.5	16.4	17.67	20.68
EV/EBITDA High	21.22	12.71	13.26	12.49	14.84	12.38	11.59	12.52	13.9	17.02	17.85	17.44	18.86	23.09	23.51
EV/EBITDA Low	11.81	10.17	10.56	9.57	12.42	9.29	8.4	10.04	9.41	8.83	10.39	11.35	14.08	14.63	16.89
EV/EBIT Average	20.6	14.76	15.82	14.52	19.01	15.58	13.55	16.3	15.97	20.05	19.44	18.98	25.53	26.1	29.28
EV/EBIT High	26.58	16.42	17.38	16.67	20.42	17.93	15.95	17.73	18.75	25.83	23.59	24.51	29.36	34.1	33.29
EV/EBIT Low	14.79	13.14	13.84	12.77	17.09	13.46	11.57	14.21	12.69	13.4	13.72	15.95	21.93	21.61	23.91
Last Price	15.13	19.49	26.29	34.87	34.88	31.37	43.87	40	61.05	62.75	108.19	77.1	93.28	130.13	163.32
High Price	29.51	20.92	26.29	34.87	39.29	34.29	44.15	50.14	61.48	66.8	108.19	109.73	93.28	141.77	167.3
Enterprise Value Average	9,533	8,634	9,748	11,506	15,889	12,725	14,611	17,736	20,121	19,446	31,825	28,698	28,514	36,885	51,336
Enterprise Value High	12,302	9,609	10,706	13,205	17,070	14,650	17,204	19,286	23,620	25,044	38,611	37,055	32,800	48,183	58,351
Enterprise Value Low	6,848	7,690	8,526	10,121	14,289	10,997	12,477	15,466	15,992	12,996	22,465	24,109	24,492	30,540	41,914

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	328	330	332	333	334	337	339	337	335	336	333	311	305	302	296
Diluted Weighted Avg Shares	324	327	332	334	336	338	341	343	341	338	340	328	313	308	301
Basic Weighted Avg Shares	318	322	328	331	333	335	338	339	336	335	335	323	308	306	298
Revenue per Share	18.54	20.21	21.9	27.37	32.64	51.78	55.17	62.89	71.16	71.08	82.77	95.5	103.59	116.94	136
EBITDA per Share	1.82	2.35	2.46	3.2	3.46	3.53	4.4	4.54	5.06	4.39	6.45	6.58	5.64	6.82	8.32
Operating Income per Share	1.41	1.86	2.14	2.22	2.48	2.39	3.14	3.16	3.96	2.9	4.67	4.11	3.53	4.16	4.34
Basic EPS, GAAP	0.75	0.98	0.96	1.47	1.64	1.71	2.06	3.13	3.82	2.24	5.48	4.36	3.2	3.16	3.88
Basic EPS from Cont Ops	0.76	0.94	0.98	1.55	1.68	1.74	2.08	3.14	3.85	2.26	5.49	4.41	3.33	3.39	4.28
Diluted EPS, GAAP	0.74	0.96	0.95	1.45	1.63	1.69	2.05	3.1	3.77	2.22	5.41	4.29	3.15	3.14	3.85
Diluted EPS from Cont Ops	0.74	0.93	0.97	1.54	1.66	1.73	2.06	3.11	3.79	2.23	5.42	4.35	3.29	3.36	4.25
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.13	0.9	2.27	2	1.96	1.84	2.65	3.33	3.64	5.46	7.05	5.05	1.56	5.58	5.23
Free Cash Flow per Basic Share	1.13	0.9	2.27	2	1.96	1.84	2.65	3.33	3.64	5.46	7.05	5.05	1.56	5.58	5.23
Cash & Equivalents per Share	3.8	3.61	1.66	2.42	1.62	2.26	2.21	2.31	2.9	5.65	7.3	4.24	4.15	3.69	6.3
Book Value per Share	3.51	4.66	5.71	6.79	8.12	8.94	12.12	14.66	18.62	21.09	25.62	25.25	27.11	27.85	30.02
Tangible Book Value per Share	-4.49	-3.45	-3.72	-2.63	-5.46	-4.09	-1.59	-0.46	3.28	5.63	3.38	2.55	3.47	1.63	-3.87