United Rentals, Inc. Financial Ratios — UR3 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 (%)	- -	8.94	22.62	29.62	35.74	36.24	56.63	33.68	32.46	21.25	26.31	32.25	31.91	30.74	28.36
Return on Assets (%)	2.58	0.99	3.48	4.62	4.83	4.7	9.96	6.61	6.33	4.83	7.26	9.47	9.74	9.58	8.6
Return on Capital (%)	8.12	8.52	7.71	9.51	9.58	9.27	- -	10.49	10.77	9.14	10.84	13.63	14.49	14.03	12.61
Return on Invested Capital (%)	8.08	8.37	7.7	9.42	9.53	9.27	- -	10.47	10.75	9.14	10.92	13.61	14.44	14.03	12.42
Gross Margin (%)	34.39	38.55	40.1	42.78	42.63	41.7	41.7	41.8	39.25	37.32	39.66	42.91	40.56	40.08	38.16
EBITDA Margin (%)	33.55	36.14	43.92	45.47	47.48	46.16	43.52	45.01	44.81	44.41	43.85	46.8	46.11	45.41	43.98
Operating Margin (%)	16.62	19.46	22.18	24.64	25.75	24.8	24.2	25.08	23.22	21.3	23.49	27.76	26.9	26.51	24.68
Incremental Operating Margin (%)	54.28	24.37	35.56	41.37	73.48	125.45	20.25	29.23	11.73	43.12	39.21	49.33	23.16	21.03	- -
Pretax Margin (%)	6.28	2.14	12.21	14.95	16.55	15.78	15.78	18.34	16.19	13.35	19	24.07	22.4	22.08	20.73
Profit Margin (%)	3.87	1.82	7.81	9.5	10.06	9.82	20.27	13.62	12.55	10.43	14.27	18.08	16.91	16.78	15.49
Net Income to Common Margin (%)	3.87	1.82	7.81	9.5	10.06	9.82	20.27	13.62	12.55	10.43	14.27	18.08	16.91	16.78	15.49
Effective Tax Rate (%)	38.41	14.77	36.03	36.47	39.25	37.73	- -	25.75	22.46	21.86	24.92	24.88	24.51	24	25.28
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	16.75	16.85	18.6
Sustainable Growth Rate (%)	- -	8.94	22.62	29.62	35.74	36.24	56.63	33.68	32.46	21.25	26.31	32.25	26.57	25.56	23.08

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	3,042	7,364	7,173	7,962	8,162	7,790	9,440	11,747	12,139	10,409	10,508	12,223	12,662	14,789	15,670
ST Debt	395	630	604	618	607	597	723	903	1,175	882	1,108	372	1,714	1,472	1,894
LT Debt	2,647	6,734	6,569	7,344	7,555	7,193	8,717	10,844	10,964	9,527	9,400	11,851	10,948	13,317	13,776
Total Debt/EBITDA	3.47	4.95	3.3	3.08	2.96	2.93	3.27	3.24	2.9	2.75	2.47	2.24	1.92	2.12	2.21
Net Debt/EBITDA	3.43	4.88	3.22	3.02	2.89	2.81	3.14	3.23	2.72	2.5	2.24	2.07	1.69	1.86	1.94
Total Debt/EBIT	7.68	12.46	6.65	5.72	5.38	5.51	6.26	6.02	5.64	5.78	4.61	3.78	3.31	3.64	3.94
Net Debt/EBIT	7.59	12.28	6.49	5.61	5.26	5.28	6.03	6	5.29	5.27	4.19	3.49	2.91	3.19	3.47
EBITDA to Interest Expense	3.73	2.88	4.55	4.66	4.87	5.21	6.23	7.53	6.47	5.66	10.05	12.24	10.41	10.08	9.89
EBITDA-CapEx/Interest Expense	0.28	0.23	1.03	1.38	1.99	2.59	2.16	2.77	2.84	3.93	2.5	3.95	4	4.11	3.57
EBIT to Interest Expense	1.85	1.55	2.3	2.52	2.64	2.8	3.46	4.2	3.35	2.72	5.38	7.26	6.07	5.89	5.55
Interest Expense	235	516	478	555	567	511	464	481	648	669	424	445	635	691	716
Common Equity/Total Assets	2.49	14.28	16.45	14.82	12.22	13.75	20.67	18.77	20.19	25.44	29.52	29.2	31.77	30.61	30.03
Long-Term Debt/Equity (%)	2,569.9	427.83	355.47	408.45	511.86	436.47	280.65	318.66	286.27	209.61	156.9	167.81	134.66	154.45	153.61
Long-Term Debt/Capital (%)	84.17	75.34	72.82	75.25	78.39	76.21	69.48	71.58	68.66	63.71	56.97	61.45	52.65	56.88	55.91
Long-Term Debt/Total Assets (%)	63.89	61.07	58.49	60.55	62.53	60	58	59.8	57.8	53.32	46.32	49.01	42.78	47.29	46.13
Total Debt/Equity (%)	2,953.4	467.85	388.15	442.83	552.98	472.69	303.93	345.2	316.95	229.02	175.4	173.08	155.74	171.53	174.73
Total Debt/Capital (%)	96.72	82.39	79.51	81.58	84.69	82.54	75.24	77.54	76.02	69.61	63.69	63.38	60.9	63.17	63.6
Total Debt/Total Assets (%)	73.43	66.79	63.87	65.64	67.55	64.98	62.81	64.78	63.99	58.25	51.78	50.54	49.48	52.51	52.47
Net Debt to Equity	2,918.45	461.12	378.68	434.04	540.85	453.76	292.59	343.93	297.02	208.58	159.26	159.5	137.21	150.19	153.55
Net Debt/Capital (%)	96.69	82.18	79.11	81.27	84.4	81.94	74.53	77.47	71.47	64.26	58.34	58.73	54.6	56.41	56.95
EBITDA	876	1,488	2,176	2,585	2,762	2,660	2,890	3,622	4,190	3,788	4,260	5,449	6,608	6,968	7,081
EBITDA-CapEx	66	119	492	764	1,126	1,321	1,001	1,331	1,840	2,630	1,062	1,759	2,538	2,841	2,553
Operating Income (Loss)	434	801	1,099	1,401	1,498	1,429	1,607	2,018	2,171	1,817	2,282	3,232	3,855	4,068	3,974

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	0.08	0.14	0.11	0.15	0.26	0.21	0.02	0.02	0.11	0.06	0.04	0.1	0.14	0.12
Current Ratio	0.84	0.99	1.06	0.88	1.05	1.15	1.06	0.83	0.84	1.07	0.83	1.11	0.81	0.98	0.94
Quick Ratio	0.58	0.67	0.76	0.74	0.9	1.04	0.95	0.75	0.74	0.8	0.7	0.96	0.71	0.85	0.78
CFO/Avg Current Liab	0.85	0.65	1.18	1.3	1.47	1.61	1.55	1.51	1.4	1.3	1.64	1.76	1.55	1.31	1.45
Common Equity/Total Assets	2.49	14.28	16.45	14.82	12.22	13.75	20.67	18.77	20.19	25.44	29.52	29.2	31.77	30.61	30.03
Long-Term Debt/Equity (%)	2,569.9	427.83	355.47	408.45	511.86	436.47	280.65	318.66	286.27	209.61	156.9	167.81	134.66	154.45	153.61
Long-Term Debt/Capital (%)	84.17	75.34	72.82	75.25	78.39	76.21	69.48	71.58	68.66	63.71	56.97	61.45	52.65	56.88	55.91
Long-Term Debt/Total Assets (%)	63.89	61.07	58.49	60.55	62.53	60	58	59.8	57.8	53.32	46.32	49.01	42.78	47.29	46.13
Total Debt/Equity (%)	2,953.4	467.85	388.15	442.83	552.98	472.69	303.93	345.2	316.95	229.02	175.4	173.08	155.74	171.53	174.73
Total Debt/Capital (%)	96.72	82.39	79.51	81.58	84.69	82.54	75.24	77.54	76.02	69.61	63.69	63.38	60.9	63.17	63.6
Total Debt/Total Assets (%)	73.43	66.79	63.87	65.64	67.55	64.98	62.81	64.78	63.99	58.25	51.78	50.54	49.48	52.51	52.47
CFO/Total Liabilities	15.15	7.63	16.53	17.43	18.81	18.77	18.53	19.37	19.97	19.95	25.8	25.89	26.94	23.26	24.83
CFO/CapEx	0.76	0.53	0.92	0.99	1.22	1.45	1.17	1.25	1.29	2.3	1.15	1.2	1.16	1.1	1.15
Altman's Z-Score	- -	- -	1.65	1.99	1.94	2.15	2.35	2.01	2.31	2.68	2.94	2.91	3.58	3.77	3.78

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	6.21	6.55	6.21	6.52	6.22	6.23	6.17	5.79	6.08	6	6.49	6.33	6.77	6.69	6.62
Days Sales Outstanding	58.78	55.72	58.82	55.99	58.67	58.6	59.17	63	60.01	60.87	56.2	57.7	53.91	54.55	55.17
Inventory Turnover	41.28	45.18	43.01	43.96	45.4	49.04	54.15	50.9	49.62	43.65	40.57	33.57	38.99	45.41	45.25
Days Inventory Outstanding	8.84	8.08	8.49	8.3	8.04	7.44	6.74	7.17	7.36	8.36	9	10.87	9.36	8.04	8.07
Accounts Payable Turnover	9.76	10.09	10.28	9.24	9.66	12.97	11.9	9.98	11.5	11.63	9.21	6.87	8.31	11.12	13.12
Accounts Payable Turnover Days	37.39	36.16	35.52	39.51	37.78	28.15	30.68	36.56	31.74	31.37	39.64	53.14	43.93	32.83	27.83
Cash Conversion Cycle	30.23	27.64	31.79	24.78	28.92	37.89	35.23	33.61	35.63	37.86	25.55	15.44	19.35	29.77	35.41
Inventory to Cash Days	49.94	47.64	50.33	47.68	50.63	51.15	52.43	55.83	52.66	52.51	47.2	46.83	44.55	46.52	47.11
Inventories	44	68	70	78	69	68	75	109	120	125	164	232	205	200	240
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	44	68	70	78	69	68	75	109	120	125	164	232	205	200	240

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	- -	- -	7,255	10,335	6,704	8,983	14,687	8,422	12,542	16,511	24,154	24,757	38,837	46,841	51,835
- Cash & Cash Equivalents	36	106	175	158	179	312	352	43	52	202	144	106	363	457	459
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	3,042	7,364	7,173	7,962	8,162	7,790	9,440	11,747	12,139	10,409	10,508	12,223	12,662	14,789	15,670
Enterprise Value	- -	- -	14,253	18,139	14,687	16,461	23,775	20,126	24,629	26,718	34,518	36,874	51,136	61,173	67,046
Total Capital	3,145	8,938	9,021	9,760	9,638	9,438	12,546	15,150	15,969	14,954	16,499	19,285	20,792	23,411	24,638
Total Debt/Capital (%)	96.72	82.39	79.51	81.58	84.69	82.54	75.24	77.54	76.02	69.61	63.69	63.38	60.9	63.17	63.6
Total Debt / EV	- -	- -	0.5	0.44	0.56	0.47	0.4	0.58	0.49	0.39	0.3	0.33	0.25	0.24	0.23
EV/Sales	- -	- -	2.88	3.19	2.52	2.86	3.58	2.5	2.63	3.13	3.55	3.17	3.57	3.99	4.16
EV/EBITDA	- -	- -	6.55	7.02	5.32	6.19	8.23	5.56	5.88	7.05	8.1	6.77	7.74	8.78	9.47
EV/EBIT	- -	- -	13.22	13.04	9.68	11.63	15.78	10.32	11.44	14.84	15.16	11.41	13.36	15.05	16.88
EV/Cash Flow to Firm	- -	- -	7.68	8.42	6.28	7.29	- -	6.27	6.98	8.4	8.61	7.73	9.87	12.06	11.71
EV/Free Cash Flow to Firm	- -	- -	82.5	54.54	20.88	17.89	- -	21.9	20.93	13.21	42.65	34.23	45.93	64.79	56.01
Diluted Market Cap	- -	- -	8,266	11,083	7,042	9,364	14,885	8,804	13,105	16,672	24,280	25,343	39,668	47,746	53,071
Diluted Enterprise Value	- -	- -	15,264	18,887	15,025	16,842	23,973	20,508	25,192	26,879	34,644	37,460	51,967	62,078	68,282
EV per Share	- -	- -	152.79	185.33	160.03	195.44	281.48	251.97	331.2	370.07	476.63	531.65	760.16	936.72	1,062.6
TTM Sales	2,611	4,117	4,955	5,685	5,817	5,762	6,641	8,047	9,351	8,530	9,716	11,642	14,332	15,345	16,099
TTM EBITDA	876	1,488	2,176	2,585	2,762	2,660	2,890	3,622	4,190	3,788	4,260	5,449	6,608	6,968	7,081
TTM Operating Income	434	801	1,099	1,401	1,498	1,429	1,607	2,018	2,171	1,817	2,282	3,232	3,855	4,068	3,974
TTM Cash Flow to Firm	757	1,161	1,857	2,154	2,339	2,259	- -	3,210	3,526	3,181	4,007	4,767	5,183	5,071	5,725
TTM Free Cash Flow to Firm	-53	-208	173	333	703	920	- -	919	1,176	2,023	809	1,077	1,113	944	1,197

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	- -	- -	-62.15	-554.13	19.61	15.56	46.51	15.67	19.44	11.11	49.45	34.11	62.57	113.95	80.17
EV/EBIT	- -	- -	13.22	13.04	9.68	11.63	15.78	10.32	11.44	14.84	15.16	11.41	13.36	15.05	16.88
Enterprise Value	- -	- -	14,253	18,139	14,687	16,461	23,775	20,126	24,629	26,718	34,518	36,874	51,136	61,173	67,046
Low Price	- -	- -	46.62	74.73	59.41	43.46	101	100.54	99.91	65.89	231.13	239.36	328.76	541.07	541.62
EV/Sales	- -	- -	2.88	3.19	2.52	2.86	3.58	2.5	2.63	3.13	3.55	3.17	3.57	3.99	4.16
EV/EBITDA	- -	- -	6.55	7.02	5.32	6.19	8.23	5.56	5.88	7.05	8.1	6.77	7.74	8.78	9.47
Price/Earnings	- -	- -	18.78	19.06	11.89	16.43	10.93	7.96	11.1	18.68	17.42	11.99	16.31	18.48	21.21
Price/Earnings Average	- -	- -	14.24	18.15	13.29	11.1	7.9	11.67	8.48	13.05	16.95	10.39	12.12	18.28	20.18
Price/Earnings High	- -	- -	18.78	21.62	17.08	16.94	10.93	14.38	11.24	20.13	20.57	12.34	16.42	23.07	26.3
Price/Earnings Low	- -	- -	11.26	13.49	9.67	6.7	6.35	7.59	6.58	5.38	12.07	8.04	9.29	13.94	13.99
Price/Book Value	- -	- -	3.93	5.75	4.54	5.45	4.73	2.47	3.27	3.63	4.03	3.51	4.78	5.43	5.78
Price/Book Value Average	- -	- -	2.98	5.47	5.08	3.68	3.42	3.63	2.5	2.54	3.92	3.04	3.55	5.38	5.5
Price/Book Value High	- -	- -	3.93	6.52	6.53	5.62	4.73	4.47	3.31	3.92	4.76	3.61	4.81	6.78	7.16
Price/Book Value Low	- -	- -	2.35	4.07	3.69	2.22	2.75	2.36	1.94	1.05	2.79	2.35	2.72	4.1	3.81
Price/Tangible Book Value	- -	- -	-3.42	-4.01	-2.51	-3.82	-7.93	-3.07	-5.65	-12.99	-158.91	42.39	25.55	44.23	37.78
Price/Tangible Book Value Average	- -	- -	-2.59	-3.81	-2.8	-2.58	-5.74	-4.51	-4.32	-9.08	-154.59	36.75	18.99	43.76	35.93
Price/Tangible Book Value High	- -	- -	-3.42	-4.54	-3.61	-3.93	-7.94	-5.56	-5.72	-14	-187.62	43.63	25.73	55.22	46.83
Price/Tangible Book Value Low	- -	- -	-2.05	-2.83	-2.04	-1.55	-4.61	-2.93	-3.35	-3.74	-110.12	28.43	14.55	33.37	24.91
Price/Sales	- -	- -	1.47	1.81	1.2	1.61	2.22	1.08	1.39	1.95	2.49	2.17	2.76	3.1	3.29
Price/Sales Average	- -	- -	1.11	1.72	1.34	1.09	1.6	1.59	1.06	1.36	2.42	1.88	2.05	3.07	3.13
Price/Sales High	- -	- -	1.47	2.05	1.72	1.66	2.22	1.96	1.41	2.1	2.93	2.23	2.78	3.87	4.07
Price/Sales Low	- -	- -	0.88	1.28	0.97	0.66	1.29	1.03	0.83	0.56	1.72	1.45	1.57	2.34	2.17
Price/Cash Flow	- -	- -	4.69	5.72	3.49	4.79	6.66	3.06	4.31	6.26	6.55	5.69	8.4	10.47	10.19
Price/Cash Flow Average	- -	- -	3.55	5.44	3.9	3.24	4.81	4.48	3.29	4.37	6.37	4.93	6.25	10.36	9.7
Price/Cash Flow High	- -	- -	4.69	6.48	5.01	4.94	6.66	5.52	4.36	6.74	7.73	5.86	8.46	13.07	12.64
Price/Cash Flow Low	- -	- -	2.81	4.04	2.84	1.95	3.87	2.91	2.55	1.8	4.54	3.82	4.79	7.9	6.72
Price/Free Cash Flow Average	- -	- -	-47.15	-527.65	21.92	10.51	33.63	22.99	14.85	7.77	48.11	29.57	46.5	112.74	76.25
Price/Free Cash Flow High	- -	- -	-62.15	-628.57	28.19	16.04	46.53	28.31	19.68	11.98	58.39	35.11	63.01	142.26	99.37
Price/Free Cash Flow Low	- -	- -	-37.26	-392.15	15.95	6.34	27.02	14.94	11.52	3.2	34.27	22.87	35.63	85.96	52.85
EV/Sales Average	- -	- -	2.52	3.1	2.66	2.35	2.97	2.99	2.32	2.55	3.49	2.88	2.87	3.95	4.01
EV/Sales High	- -	- -	2.88	3.43	3.03	2.9	3.58	3.35	2.65	3.28	4	3.23	3.59	4.74	4.94
EV/Sales Low	- -	- -	2.29	2.66	2.31	1.93	2.65	2.45	2.09	1.75	2.79	2.47	2.4	3.24	3.07
EV/EBITDA Average	- -	- -	5.75	6.83	5.6	5.09	6.82	6.64	5.17	5.74	7.95	6.16	6.23	8.71	9.11
EV/EBITDA High	- -	- -	6.55	7.55	6.38	6.29	8.23	7.43	5.91	7.39	9.13	6.9	7.78	10.45	11.22
EV/EBITDA Low	- -	- -	5.21	5.85	4.86	4.19	6.1	5.45	4.66	3.95	6.36	5.27	5.21	7.13	6.97
EV/EBIT Average	- -	- -	11.6	12.69	10.2	9.57	13.08	12.33	10.07	12.08	14.87	10.39	10.76	14.93	16.24
EV/EBIT High	- -	- -	13.22	14.04	11.61	11.83	15.78	13.8	11.51	15.56	17.08	11.63	13.43	17.91	20
EV/EBIT Low	- -	- -	10.53	10.87	8.85	7.87	11.69	10.11	9.07	8.31	11.9	8.89	8.99	12.22	12.43
Last Price	- -	- -	77.77	105.59	73.05	106.66	173.89	105.44	168.66	228.69	333.52	356.94	577.33	717.26	821.53
High Price	- -	- -	77.77	119.78	104.98	109.95	173.93	190.52	170.69	246.48	393.79	367.41	581.36	895.45	1,018.35
Enterprise Value Average	- -	- -	12,502	17,645	15,477	13,548	19,706	24,061	21,666	21,743	33,862	33,576	41,161	60,676	64,512
Enterprise Value High	- -	- -	14,253	19,528	17,617	16,738	23,779	26,922	24,780	28,002	38,882	37,599	51,407	72,810	79,465
Enterprise Value Low	- -	- -	11,347	15,118	13,436	11,138	17,619	19,734	19,516	14,964	27,102	28,718	34,414	49,667	49,385

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	63	93	93	98	92	84	84	80	74	72	72	69	67	65	63
Diluted Weighted Avg Shares	73	95	106	105	96	88	86	84	78	73	73	71	69	67	65
Basic Weighted Avg Shares	62	83	93	97	95	87	85	83	77	73	72	71	68	66	64
Revenue per Share	41.99	49.6	53.03	58.31	61.1	66.08	78.5	97.3	120.97	117.33	134.2	164.67	209.32	231.29	249.98
EBITDA per Share	14.09	17.93	23.29	26.52	29.01	30.5	34.16	43.8	54.2	52.1	58.84	77.07	96.51	105.03	109.95
Operating Income per Share	6.98	9.65	11.76	14.37	15.74	16.39	19	24.4	28.09	24.99	31.52	45.71	56.3	61.32	61.71
Basic EPS, GAAP	1.62	0.9	4.14	5.54	6.14	6.49	15.91	13.25	15.19	12.24	19.14	29.77	35.4	38.81	38.73
Basic EPS from Cont Ops	1.62	0.9	4.14	5.54	6.14	6.49	15.91	13.25	15.19	12.24	19.14	29.77	35.4	38.81	38.73
Diluted EPS, GAAP	1.38	0.79	3.64	5.15	6.07	6.45	15.72	13.13	15.11	12.21	19.04	29.65	35.28	38.68	38.61
Diluted EPS from Cont Ops	1.38	0.79	3.64	5.15	6.07	6.45	15.72	13.13	15.11	12.21	19.04	29.65	35.28	38.68	38.61
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.93	6.54	7.2
Cash Flow per Share	9.84	8.69	16.6	18.47	20.96	22.26	26.11	34.5	39.12	36.56	50.95	62.7	68.7	68.52	80.59
Free Cash Flow per Basic Share	-3.18	-7.81	-1.42	-0.21	3.77	6.9	3.78	6.8	8.72	20.63	6.78	10.51	9.26	6.32	10.28
Cash & Equivalents per Share	0.57	1.14	1.88	1.61	1.95	3.7	4.17	0.54	0.7	2.8	1.99	1.53	5.4	7	7.27
Book Value per Share	1.64	16.93	19.81	18.37	16.08	19.57	36.77	42.61	51.5	62.95	82.73	101.82	120.86	132.03	142.13
Tangible Book Value per Share	-4.28	-27.92	-22.76	-26.36	-29.11	-27.95	-21.91	-34.29	-29.84	-17.6	-2.1	8.42	22.6	16.22	21.74