Ingredion Incorporated Financial Ratios — CNP 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 (%)	20.39	18.85	16.36	15.5	18.61	20.6	19.02	16.78	16.07	12.14	3.83	15.54	18.95	17.35	17.78
Return on Assets (%)	8.01	7.85	7.23	6.8	7.91	8.94	8.75	7.5	7.02	5.4	1.69	6.76	8.46	8.58	9.5
Return on Capital (%)	11.92	11.51	10.48	9.66	10.95	12.22	12.02	10.58	9.93	7.8	2.68	9.75	12.07	11.15	12.23
Return on Invested Capital (%)	12.11	11.47	10.56	9.72	11.11	12.28	12.15	10.94	10.31	7.91	2.85	9.99	12.28	10.16	12.3
Gross Margin (%)	17.21	18.03	17	18.59	20.85	23.04	23.57	21.75	21.13	21.25	19.31	18.8	21.43	24.1	25.32
EBITDA Margin (%)	13.48	12.8	12.13	12.94	14.33	16.47	16.74	15.11	14.24	13.28	7.69	12.3	14.41	14.76	17.15
Operating Margin (%)	9.06	10.15	9.21	10.1	11.5	13.56	13.85	12.2	11.61	11.27	10.11	9.64	11.86	13.59	14.36
Incremental Operating Margin (%)	12.08	32.1	39.07	1.07	- -	112.9	24.69	- -	57.5	20.72	2.43	6.56	94.39	- -	- -
Pretax Margin (%)	9.06	8.75	8.22	8.67	10.05	12.2	12.32	9.87	9.37	8.45	3.6	8.41	10.28	12.53	13.49
Profit Margin (%)	6.36	6.23	5.95	5.92	6.75	7.97	8.31	7.04	6.65	5.81	1.7	6.19	7.88	8.71	10.1
Net Income to Common Margin (%)	6.36	6.23	5.95	5.92	6.75	7.97	8.31	7.04	6.65	5.81	1.7	6.19	7.88	8.71	10.1
Effective Tax Rate (%)	28.67	27.79	26.33	30.19	31.22	33.15	30.82	26.89	27.15	30.04	49.6	24.85	22.41	29.75	24.44
Dvd Payout Ratio (%)	11.63	15.68	27.32	34.5	29.86	27.81	30.28	39.14	40	49.44	138.35	35.35	29.44	31.77	28.4
Sustainable Growth Rate (%)	18.02	15.89	11.89	10.15	13.05	14.87	13.27	10.21	9.64	6.14	-1.47	10.05	13.37	11.84	12.73

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	1,930	1,780	1,797	1,808	1,831	1,953	1,863	2,101	2,008	2,368	2,247	2,677	2,401	2,035	1,971
ST Debt	148	76	93	23	19	106	120	169	123	484	355	591	504	103	111
LT Debt	1,782	1,704	1,704	1,785	1,812	1,847	1,743	1,932	1,885	1,884	1,892	2,086	1,897	1,932	1,860
Total Debt/EBITDA	2.19	2.03	2.23	2.33	2.14	1.95	1.78	2.21	2.27	2.98	4.24	2.74	2.04	1.86	1.59
Net Debt/EBITDA	1.73	1.33	1.52	1.58	1.64	1.44	1.21	1.87	1.79	1.91	3.24	2.3	1.52	0.76	0.61
Total Debt/EBIT	2.88	2.66	2.93	3.11	2.77	2.42	2.23	2.99	3.02	4.07	7.25	3.51	2.51	2.3	1.94
Net Debt/EBIT	2.28	1.75	2	2.11	2.12	1.79	1.52	2.52	2.38	2.61	5.54	2.95	1.87	0.94	0.75
EBITDA to Interest Expense	10.89	11.42	10.91	10.63	12.38	13.73	13.23	11.73	10.91	9.81	7.16	9.87	10.32	28.13	33.46
EBITDA-CapEx/Interest Expense	10.89	11.42	10.91	10.63	12.38	13.73	13.23	11.73	10.91	9.81	7.16	9.87	10.32	28.13	33.46
EBIT to Interest Expense	7.32	9.05	8.28	8.3	9.93	11.3	10.95	9.47	8.9	8.33	9.42	7.74	8.49	25.9	28.03
Interest Expense	81	77	74	73	69	73	79	81	81	81	74	99	114	39	37
Common Equity/Total Assets	39.57	43.58	44.85	42.81	42.25	44.36	47.55	41.69	45.55	43.47	44.81	42.26	47.02	51.91	54.93
Long-Term Debt/Equity (%)	83.54	69.3	70.15	80.88	83.12	71.18	59.75	80.23	68	61.33	58.67	63.95	51.97	49.67	42.6
Long-Term Debt/Capital (%)	43.86	40.2	40.32	44.46	45.18	40.61	36.46	42.85	39.44	34.63	34.58	35.12	31.35	32.61	29.35
Long-Term Debt/Total Assets (%)	33.52	30.47	31.79	35.1	35.71	31.94	28.67	33.73	31.21	27.47	27.03	27.59	24.82	25.95	23.55
Total Debt/Equity (%)	90.48	72.39	73.98	81.92	83.99	75.26	63.87	87.25	72.44	77.08	69.67	82.07	65.78	52.31	45.14
Total Debt/Capital (%)	47.5	41.99	42.52	45.03	45.65	42.94	38.97	46.6	42.01	43.53	41.06	45.07	39.68	34.35	31.1
Total Debt/Total Assets (%)	36.3	31.83	33.53	35.56	36.09	33.78	30.64	36.68	33.25	34.53	32.1	35.41	31.42	27.34	24.96
Net Debt to Equity	71.68	47.62	50.35	55.64	64.08	55.53	43.47	73.67	57.11	49.51	53.27	68.88	48.96	21.44	17.41
Net Debt/Capital (%)	41.75	32.26	33.49	35.75	39.06	35.7	30.3	42.42	35.05	31.85	33.4	39.4	31.63	16.92	14.32
EBITDA	882	879	807	776	854	1,002	1,045	950	884	795	530	977	1,176	1,097	1,238
EBITDA-CapEx	882	879	807	776	854	1,002	1,045	950	884	795	530	977	1,176	1,097	1,238
Operating Income (Loss)	593	697	613	606	685	825	865	767	721	675	697	766	968	1,010	1,037

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	0.43	0.67	0.7	0.85	0.59	0.53	0.63	0.35	0.28	0.46	0.22	0.13	0.23	0.79	0.78
Current Ratio	2.27	2.53	2.7	2.97	2.63	2.3	2.52	2.26	2.23	1.82	1.78	1.76	1.92	2.62	2.66
Quick Ratio	1.34	1.55	1.71	1.91	1.64	1.47	1.64	1.36	1.29	1.15	0.97	0.88	0.95	1.64	1.69
CFO/Avg Current Liab	0.33	0.79	0.71	0.95	0.94	0.9	0.79	0.74	0.71	0.68	0.26	0.09	0.58	0.94	0.73
Common Equity/Total Assets	39.57	43.58	44.85	42.81	42.25	44.36	47.55	41.69	45.55	43.47	44.81	42.26	47.02	51.91	54.93
Long-Term Debt/Equity (%)	83.54	69.3	70.15	80.88	83.12	71.18	59.75	80.23	68	61.33	58.67	63.95	51.97	49.67	42.6
Long-Term Debt/Capital (%)	43.86	40.2	40.32	44.46	45.18	40.61	36.46	42.85	39.44	34.63	34.58	35.12	31.35	32.61	29.35
Long-Term Debt/Total Assets (%)	33.52	30.47	31.79	35.1	35.71	31.94	28.67	33.73	31.21	27.47	27.03	27.59	24.82	25.95	23.55
Total Debt/Equity (%)	90.48	72.39	73.98	81.92	83.99	75.26	63.87	87.25	72.44	77.08	69.67	82.07	65.78	52.31	45.14
Total Debt/Capital (%)	47.5	41.99	42.52	45.03	45.65	42.94	38.97	46.6	42.01	43.53	41.06	45.07	39.68	34.35	31.1
Total Debt/Total Assets (%)	36.3	31.83	33.53	35.56	36.09	33.78	30.64	36.68	33.25	34.53	32.1	35.41	31.42	27.34	24.96
CFO/Total Liabilities	9.42	23.36	21.12	25.4	23.7	24.19	24.31	21.17	20.81	21.9	10.39	3.54	26.48	40.41	26.73
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	3.43	3.79	3.96	4.27	4.7	4.92	5.13	4.49	4.34	3.6	3.87	3.79	4.18	4.8	4.36

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	9.23	9.88	9.68	9.07	8.98	8.55	8.26	8.05	7.61	7.11	7.64	7.39	6.96	7.13	7.33
Days Sales Outstanding	39.55	36.94	37.69	40.22	40.65	42.7	44.16	45.33	47.97	51.36	47.78	49.38	52.45	51.19	49.8
Inventory Turnover	7.49	7.02	7.09	6.87	6.67	6.22	5.92	5.98	5.81	5.3	5.33	4.66	4.21	4.28	4.47
Days Inventory Outstanding	48.74	51.96	51.46	53.15	54.72	58.64	61.65	61.08	62.8	68.82	68.53	78.32	86.74	85.34	81.72
Accounts Payable Turnover	10.36	10.18	10.33	10.94	11.09	11.02	10.3	10.42	10.32	8.65	8.47	8.35	7.59	7.78	8.37
Accounts Payable Turnover Days	35.25	35.86	35.35	33.35	32.9	33.12	35.43	35.04	35.36	42.19	43.07	43.71	48.1	46.91	43.58
Cash Conversion Cycle	53.04	53.04	53.8	60.02	62.47	68.21	70.38	71.37	75.4	77.99	73.25	84	91.08	89.62	87.94
Inventory to Cash Days	-9.2	-15.03	-13.77	-12.92	-14.07	-15.94	-17.49	-15.75	-14.83	-17.46	-20.75	-28.94	-34.29	-34.16	-31.92
Inventories	769	834	723	699	715	789	823	824	861	917	1,172	1,597	1,450	1,187	1,227
Raw Materials	333	359	283	271	277	311	328	302	296	333	484	635	524	425	474
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	436	475	440	428	438	478	495	522	565	584	688	962	926	762	753
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	3,914	4,953	5,034	6,153	6,965	9,106	10,037	6,038	6,287	5,318	6,464	6,439	7,022	8,873	6,920
- Cash & Cash Equivalents	401	609	574	580	434	512	595	327	264	665	328	236	401	997	1,030
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	29	22	25	30	36	30	26	20	21	91	89	67	57	26	28
+ Total Debt	1,930	1,780	1,797	1,808	1,831	1,953	1,863	2,101	2,008	2,368	2,247	2,677	2,401	2,035	1,971
Enterprise Value	5,472	6,127	6,282	7,377	8,392	10,573	11,322	7,825	8,048	7,112	8,468	8,944	9,071	9,926	7,886
Total Capital	4,063	4,239	4,226	4,015	4,011	4,548	4,780	4,509	4,780	5,440	5,472	5,939	6,051	5,925	6,337
Total Debt/Capital (%)	47.5	41.99	42.52	45.03	45.65	42.94	38.97	46.6	42.01	43.53	41.06	45.07	39.68	34.35	31.1
Total Debt / EV	0.35	0.29	0.29	0.25	0.22	0.18	0.16	0.27	0.25	0.33	0.27	0.3	0.26	0.21	0.25
EV/Sales	0.84	0.89	0.94	1.23	1.41	1.74	1.81	1.24	1.3	1.19	1.23	1.13	1.11	1.34	1.09
EV/EBITDA	6.2	6.97	7.78	9.51	9.83	10.55	10.83	8.24	9.1	8.95	15.98	9.15	7.71	9.05	6.37
EV/EBIT	8.15	9.17	10.25	12.7	12.72	13.12	13.54	11.13	12.12	12.22	27.32	11.74	9.48	11.24	7.76
EV/Cash Flow to Firm	15.29	7.78	9.33	9.43	11.44	12.9	13.75	10.27	10.89	8.03	19.73	39.51	7.92	6.78	8.11
EV/Free Cash Flow to Firm	15.29	7.78	9.33	9.43	11.44	12.9	13.75	10.27	10.89	8.03	19.73	39.51	7.92	6.78	8.11
Diluted Market Cap	4,033	5,028	5,305	6,462	7,100	9,318	10,247	6,517	6,342	5,364	6,575	6,567	7,211	9,162	7,161
Diluted Enterprise Value	5,591	6,202	6,553	7,686	8,527	10,785	11,532	8,304	8,103	7,158	8,579	9,072	9,260	10,215	8,127
EV per Share	72.11	79.54	84.54	103.44	117.19	146	157.26	117.63	120.45	106.13	127.04	136.15	139.04	153.9	125.17
TTM Sales	6,544	6,868	6,653	5,998	5,958	6,082	6,244	6,289	6,209	5,987	6,894	7,946	8,160	7,430	7,219
TTM EBITDA	882	879	807	776	854	1,002	1,045	950	884	795	530	977	1,176	1,097	1,238
TTM Operating Income	593	697	613	606	685	825	865	767	721	675	697	766	968	1,010	1,037
TTM Cash Flow to Firm	358	788	674	782	733	820	824	762	739	886	429	226	1,145	1,463	972
TTM Free Cash Flow to Firm	358	788	674	782	733	820	824	762	739	886	429	226	1,145	1,463	972

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	13.44	6.87	8.57	8.84	10.35	12.08	13.33	9.27	9.33	6.47	16.77	43.21	6.82	6.38	7.59
EV/EBIT	8.15	9.17	10.25	12.7	12.72	13.12	13.54	11.13	12.12	12.22	27.32	11.74	9.48	11.24	7.76
Enterprise Value	5,472	6,127	6,282	7,377	8,392	10,573	11,322	7,825	8,048	7,112	8,468	8,944	9,071	9,926	7,886
Low Price	37.57	45.22	61.29	58.85	74.73	84.82	113.26	89.33	72.9	58.11	73.45	78.88	89.11	105.91	105.22
EV/Sales	0.84	0.89	0.94	1.23	1.41	1.74	1.81	1.24	1.3	1.19	1.23	1.13	1.11	1.34	1.09
EV/EBITDA	6.2	6.97	7.78	9.51	9.83	10.55	10.83	8.24	9.1	8.95	15.98	9.15	7.71	9.05	6.37
Price/Earnings	9.47	11.49	13.17	17.89	17.32	18.74	19.34	14.53	15.24	15.32	55.62	13.19	11.05	13.93	9.67
Price/Earnings Average	9.11	9.92	13.1	15.27	15.23	17.72	17.13	18.15	13.86	15.72	51.91	12.07	10.49	12.52	11.17
Price/Earnings High	10.86	11.7	14.35	17.95	17.88	20.85	19.74	23.24	16.07	18.9	57.67	13.65	11.54	15.86	12.4
Price/Earnings Low	6.9	8.08	11.92	12.2	13.31	12.64	15.71	14.3	11.81	11.22	42.12	10.61	9.15	10.72	9.27
Price/Book Value	1.86	2.03	2.09	2.83	3.25	3.55	3.47	2.53	2.29	1.78	2.06	2.02	1.95	2.3	1.6
Price/Book Value Average	1.79	1.75	2.08	2.41	2.86	3.36	3.07	3.16	2.08	1.83	1.92	1.85	1.86	2.06	1.84
Price/Book Value High	2.13	2.07	2.28	2.84	3.35	3.95	3.54	4.05	2.41	2.2	2.14	2.09	2.04	2.61	2.05
Price/Book Value Low	1.36	1.43	1.89	1.93	2.5	2.39	2.82	2.49	1.77	1.31	1.56	1.62	1.62	1.77	1.53
Price/Tangible Book Value	3.27	3.19	3.23	4.37	6.15	7.12	6.29	5.31	4.16	3.25	3.62	3.4	3.07	3.41	2.25
Price/Tangible Book Value Average	3.15	2.76	3.21	3.73	5.4	6.73	5.57	6.64	3.78	3.34	3.37	3.11	2.91	3.07	2.6
Price/Tangible Book Value High	3.76	3.25	3.52	4.38	6.35	7.92	6.42	8.5	4.38	4.01	3.75	3.52	3.2	3.89	2.89
Price/Tangible Book Value Low	2.39	2.25	2.92	2.98	4.72	4.8	5.11	5.23	3.22	2.38	2.74	2.74	2.54	2.63	2.16
Price/Sales	0.6	0.72	0.78	1.06	1.17	1.49	1.61	1.02	1.01	0.89	0.94	0.82	0.87	1.21	0.98
Price/Sales Average	0.58	0.62	0.78	0.9	1.03	1.41	1.42	1.28	0.92	0.91	0.88	0.75	0.83	1.09	1.13
Price/Sales High	0.69	0.73	0.85	1.06	1.21	1.66	1.64	1.64	1.07	1.1	0.98	0.85	0.91	1.38	1.25
Price/Sales Low	0.44	0.5	0.71	0.72	0.9	1.01	1.31	1.01	0.79	0.65	0.71	0.66	0.72	0.93	0.94
Price/Cash Flow	13.13	6.72	8.43	8.69	10.15	11.79	13.05	9.15	9.26	6.43	16.6	42.69	6.72	6.27	7.47
Price/Cash Flow Average	12.64	5.8	8.38	7.42	8.92	11.14	11.56	11.44	8.42	6.6	15.49	39.08	6.38	5.64	8.63
Price/Cash Flow High	15.06	6.84	9.18	8.72	10.48	13.12	13.32	14.64	9.76	7.93	17.21	44.18	7.02	7.14	9.58
Price/Cash Flow Low	9.57	4.73	7.62	5.93	7.8	7.95	10.6	9.01	7.17	4.71	12.57	34.35	5.56	4.83	7.16
Price/Free Cash Flow Average	12.94	5.93	8.52	7.55	9.1	11.42	11.8	11.58	8.48	6.64	15.65	39.56	6.48	5.74	8.76
Price/Free Cash Flow High	15.42	6.99	9.34	8.87	10.68	13.44	13.6	14.83	9.83	7.98	17.39	44.71	7.13	7.26	9.73
Price/Free Cash Flow Low	9.79	4.83	7.75	6.03	7.95	8.15	10.83	9.12	7.23	4.74	12.7	34.77	5.65	4.91	7.27
EV/Sales Average	0.81	0.79	0.94	1.08	1.27	1.66	1.63	1.48	1.2	1.21	1.17	1.06	1.07	1.22	1.24
EV/Sales High	0.92	0.9	1.01	1.23	1.45	1.91	1.85	1.82	1.35	1.4	1.26	1.15	1.15	1.5	1.36
EV/Sales Low	0.67	0.68	0.87	0.9	1.14	1.25	1.51	1.23	1.07	0.95	1	0.97	0.96	1.06	1.05
EV/EBITDA Average	6.04	6.2	7.75	8.35	8.84	10.05	9.74	9.82	8.46	9.12	15.16	8.6	7.41	8.23	7.24
EV/EBITDA High	6.86	7.07	8.34	9.54	10.09	11.57	11.03	12.05	9.49	10.51	16.43	9.38	7.98	10.17	7.95
EV/EBITDA Low	5	5.3	7.19	6.99	7.94	7.59	9.03	8.14	7.5	7.16	13.02	7.87	6.69	7.19	6.13
EV/EBIT Average	7.93	8.16	10.21	11.15	11.44	12.5	12.17	13.27	11.26	12.45	25.93	11.02	9.11	10.23	8.82
EV/EBIT High	9.01	9.3	10.98	12.74	13.05	14.39	13.79	16.28	12.64	14.35	28.08	12.03	9.8	12.63	9.68
EV/EBIT Low	6.57	6.97	9.47	9.33	10.27	9.44	11.29	11	9.99	9.77	22.26	10.09	8.22	8.93	7.48
Last Price	51.57	64.3	67.75	86.28	97.26	125.74	139.41	90.76	94.1	79.36	96.98	98.02	107.63	137.57	109.83
High Price	59.15	65.43	73.81	86.59	100.38	139.86	142.28	145.2	99.21	97.87	100.55	101.43	112.41	156.63	140.86
Enterprise Value Average	5,324	5,448	6,256	6,478	7,550	10,073	10,175	9,332	7,478	7,248	8,037	8,400	8,716	9,030	8,958
Enterprise Value High	6,046	6,214	6,733	7,400	8,616	11,595	11,529	11,447	8,390	8,353	8,706	9,168	9,382	11,156	9,840
Enterprise Value Low	4,409	4,657	5,802	5,421	6,779	7,609	9,439	7,730	6,632	5,689	6,900	7,687	7,862	7,884	7,595

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	76	77	74	71	72	72	72	67	67	67	67	66	65	65	63
Diluted Weighted Avg Shares	78	78	78	75	73	74	74	72	67	68	68	67	67	67	65
Basic Weighted Avg Shares	76	77	77	74	72	72	72	71	67	67	67	66	66	66	64
Revenue per Share	85.65	89.78	86.4	81.49	83.21	84.12	86.72	88.7	92.81	89.09	102.74	120.03	123.64	113.44	112.45
EBITDA per Share	11.54	11.49	10.48	10.54	11.93	13.86	14.51	13.4	13.21	11.83	7.9	14.76	17.82	16.75	19.28
Operating Income per Share	7.76	9.11	7.96	8.23	9.57	11.41	12.01	10.82	10.78	10.04	10.39	11.57	14.67	15.42	16.15
Basic EPS, GAAP	5.45	5.59	5.14	4.82	5.61	6.71	7.21	6.25	6.17	5.18	1.74	7.43	9.74	9.88	11.36
Basic EPS from Cont Ops	5.54	5.67	5.23	4.93	5.75	6.86	7.39	6.4	6.34	5.27	1.86	7.58	9.86	9.98	11.46
Diluted EPS, GAAP	5.32	5.47	5.06	4.74	5.51	6.55	7.06	6.17	6.13	5.15	1.73	7.34	9.6	9.71	11.18
Diluted EPS from Cont Ops	5.41	5.55	5.15	4.85	5.64	6.69	7.24	6.32	6.29	5.24	1.84	7.49	9.72	9.82	11.29
Dividend per Share	0.65	0.9	1.45	1.74	1.76	1.95	2.29	2.57	2.6	2.65	2.74	2.73	2.94	3.21	3.29
Cash Flow per Share	3.93	9.57	8.04	9.93	9.58	10.66	10.68	9.92	10.16	12.34	5.84	2.3	16.02	21.92	14.7
Free Cash Flow per Basic Share	3.93	9.57	8.04	9.93	9.58	10.66	10.68	9.92	10.16	12.34	5.84	2.3	16.02	21.92	14.7
Cash & Equivalents per Share	5.28	8.15	7.72	8.61	6.14	7.13	8.39	5.02	4.01	9.92	4.98	3.64	6.27	15.63	16.4
Book Value per Share	27.73	31.64	32.35	30.52	29.94	35.42	40.16	35.9	41.17	44.48	47.05	48.63	55.07	59.91	68.86
Tangible Book Value per Share	15.75	20.13	20.97	19.76	15.82	17.66	22.15	17.09	22.64	24.4	26.82	28.83	35.1	40.31	48.71