Gartner, Inc. Financial Ratios — GGRA 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 (%)	74.23	67.93	54.73	70.34	- -	- -	0.63	13.35	26.08	26.29	108.6	269.78	194.28	122.93	86.86
Return on Assets (%)	10.27	11.06	10.74	9.97	8.62	8.54	0.07	1.82	3.49	3.69	10.77	10.98	11.66	15.32	8.78
Return on Capital (%)	36.63	38.7	35.24	33.91	30.37	28.66	- -	5.42	8.74	9.07	23.58	25.89	27.59	34.26	20.78
Return on Invested Capital (%)	35.67	37.84	34.43	33.25	29.23	27.31	- -	4.55	8.49	9.93	19.48	24.1	25.82	25.4	18.97
Gross Margin (%)	58.55	59.21	60.01	60.53	61.21	61.32	60.13	63.05	63.48	67.19	69.5	69.07	67.78	67.72	68.39
EBITDA Margin (%)	16.76	17.05	17.37	16.11	15.49	15.02	7.06	12.96	13.71	17.3	23.83	23.6	24.17	21.68	18.87
Operating Margin (%)	14.58	15.36	15.46	15.24	14.52	14.23	4.59	9.23	8.94	12.11	19.47	20.26	18.81	18.46	18.1
Incremental Operating Margin (%)	31.58	23.14	16.45	13.57	4.34	11.93	- -	32.35	4.68	- -	67.03	25.26	0.44	12.81	8.03
Pretax Margin (%)	13.77	14.58	14.93	13.59	12.58	11.8	-3.86	4.56	6.5	7.96	20.49	18.76	19.42	22.14	14.9
Profit Margin (%)	9.32	10.27	10.25	9.09	8.12	7.92	0.1	3.08	5.5	6.51	16.76	14.75	14.94	20	11.22
Net Income to Common Margin (%)	9.32	10.27	10.25	9.09	8.12	7.92	0.1	3.08	5.5	6.51	16.76	14.75	14.94	20	11.22
Effective Tax Rate (%)	32.29	29.58	31.39	33.1	35.48	32.88	- -	32.39	15.39	18.21	18.18	21.36	23.07	9.63	24.68
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	74.23	67.93	54.73	70.34	- -	- -	0.63	13.35	26.08	26.29	108.6	269.78	194.28	122.93	86.86

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	200	205	205	405	819	732	3,395	2,447	3,093	2,843	3,250	3,158	3,070	2,900	3,348
ST Debt	50	90	69	20	35	30	380	166	216	105	96	108	108	100	101
LT Debt	150	115	136	385	784	702	3,015	2,281	2,876	2,738	3,155	3,051	2,962	2,800	3,247
Total Debt/EBITDA	0.81	0.74	0.66	1.24	2.44	2	14.52	4.75	5.32	4.01	2.88	2.44	2.15	2.13	2.73
Net Debt/EBITDA	0.23	-0.34	-0.71	0.12	1.33	0.6	11.72	4.12	3.27	1.79	1.51	1.36	0.8	0.39	1.03
Total Debt/EBIT	0.93	0.83	0.74	1.42	2.84	2.4	-536.37	9.42	8.36	5.8	3.55	2.87	2.48	2.51	3.26
Net Debt/EBIT	0.27	-0.39	-0.79	0.14	1.55	0.72	-432.92	8.18	5.14	2.58	1.86	1.6	0.92	0.46	1.23
EBITDA to Interest Expense	21.94	27.81	29.84	26.47	14.86	13.32	1.83	4.06	5.66	6.13	9.52	10.24	10.76	10.37	9.79
EBITDA-CapEx/Interest Expense	18.2	23.34	26.32	23.34	12.82	11.51	0.96	3.06	4.21	5.41	9.01	9.38	9.98	9.59	8.87
EBIT to Interest Expense	19.09	25.05	26.55	25.04	13.93	12.62	1.19	2.89	3.69	4.29	7.78	8.79	8.37	8.83	9.38
Interest Expense	11	10	10	12	23	28	128	127	103	116	119	126	133	131	125
Common Equity/Total Assets	13.17	18.92	20.26	8.46	-6.11	2.57	13.5	13.72	13.12	14.9	5	3.12	8.69	15.93	3.96
Long-Term Debt/Equity (%)	82.52	37.5	37.71	238.88	- -	1,153.84	306.57	268.17	306.46	251.14	850.16	1,339.29	435.2	205.99	1,014.94
Long-Term Debt/Capital (%)	39.29	22.48	24.06	68	114.19	88.54	68.86	69.18	71.35	69.62	87.11	90.1	78.97	65.73	88.52
Long-Term Debt/Total Assets (%)	10.87	7.09	7.64	20.22	36.15	29.67	41.4	36.79	40.22	37.43	42.54	41.79	37.8	32.8	40.16
Total Debt/Equity (%)	110.02	66.85	56.74	251.29	-618.45	1,203.12	345.18	287.63	329.5	260.72	875.95	1,386.49	451.08	213.37	1,046.54
Total Debt/Capital (%)	52.39	40.06	36.2	71.53	119.29	92.33	77.54	74.2	76.72	72.28	89.75	93.27	81.85	68.09	91.28
Total Debt/Total Assets (%)	14.49	12.64	11.49	21.27	37.76	30.94	46.61	39.46	43.25	38.86	43.83	43.27	39.18	33.98	41.41
Net Debt to Equity	31.5	-30.93	-60.61	24.63	-336.75	361.64	278.6	249.82	202.73	116.12	459.84	774.11	167.39	38.76	393.6
Net Debt/Capital (%)	23.95	-44.78	-153.87	19.76	142.24	69	71.37	67.65	50.73	39.31	59.56	65.6	46.85	22.65	64.73
EBITDA	246	275	310	326	335	367	234	515	582	709	1,128	1,292	1,428	1,359	1,226
EBITDA-CapEx	204	231	273	287	289	317	123	388	433	625	1,068	1,184	1,325	1,257	1,111
Operating Income (Loss)	214	248	276	308	314	348	152	367	380	496	922	1,109	1,111	1,157	1,176

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	0.15	0.28	0.37	0.3	0.28	0.32	0.19	0.06	0.1	0.24	0.22	0.19	0.35	0.49	0.42
Current Ratio	0.77	0.87	0.94	0.9	0.86	0.92	0.92	0.69	0.71	0.79	0.78	0.77	0.91	1.06	1
Quick Ratio	0.61	0.71	0.79	0.75	0.72	0.77	0.61	0.54	0.56	0.66	0.63	0.63	0.77	0.91	0.84
CFO/Avg Current Liab	0.3	0.28	0.28	0.29	0.27	0.26	0.12	0.17	0.21	0.31	0.41	0.32	0.31	0.38	0.32
Common Equity/Total Assets	13.17	18.92	20.26	8.46	-6.11	2.57	13.5	13.72	13.12	14.9	5	3.12	8.69	15.93	3.96
Long-Term Debt/Equity (%)	82.52	37.5	37.71	238.88	- -	1,153.84	306.57	268.17	306.46	251.14	850.16	1,339.29	435.2	205.99	1,014.94
Long-Term Debt/Capital (%)	39.29	22.48	24.06	68	114.19	88.54	68.86	69.18	71.35	69.62	87.11	90.1	78.97	65.73	88.52
Long-Term Debt/Total Assets (%)	10.87	7.09	7.64	20.22	36.15	29.67	41.4	36.79	40.22	37.43	42.54	41.79	37.8	32.8	40.16
Total Debt/Equity (%)	110.02	66.85	56.74	251.29	-618.45	1,203.12	345.18	287.63	329.5	260.72	875.95	1,386.49	451.08	213.37	1,046.54
Total Debt/Capital (%)	52.39	40.06	36.2	71.53	119.29	92.33	77.54	74.2	76.72	72.28	89.75	93.27	81.85	68.09	91.28
Total Debt/Total Assets (%)	14.49	12.64	11.49	21.27	37.76	30.94	46.61	39.46	43.25	38.86	43.83	43.27	39.18	33.98	41.41
CFO/Total Liabilities	21.33	21.28	22.19	19.89	15.02	15.85	4.04	8.81	9.1	14.51	18.63	15.57	16.15	20.69	16.62
CFO/CapEx	6.09	6.31	8.65	9.01	7.49	7.33	2.3	3.71	3.79	10.77	21.94	10.19	11.21	14.6	11.21
Altman's Z-Score	5.04	5.15	6.02	6.21	5.66	5.88	3.02	4.23	3.53	3.64	5.32	5.85	6.54	6.72	5.32

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	- -	3.65	3.74	3.88	3.82	4	3.64	3.27	3.29	3.19	3.63	3.75	3.74	3.8	3.84
Days Sales Outstanding	- -	99.96	97.67	94.17	95.58	91.36	100.29	111.64	110.96	114.3	100.49	97.38	97.57	96.02	94.96
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	3,242	4,185	6,478	7,484	7,556	8,340	11,285	11,098	13,683	14,100	27,630	26,701	35,221	37,224	17,781
- Cash & Cash Equivalents	143	300	424	365	373	474	539	156	281	713	756	698	1,319	1,933	1,723
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	200	205	205	405	819	732	3,395	2,447	3,093	2,843	3,250	3,158	3,070	2,900	3,348
Enterprise Value	3,300	4,090	6,259	7,523	8,002	8,598	14,140	13,388	16,495	16,231	30,124	29,161	36,972	38,191	19,406
Total Capital	382	512	566	566	686	793	4,378	3,298	4,031	3,933	3,621	3,386	3,751	4,259	3,668
Total Debt/Capital (%)	52.39	40.06	36.2	71.53	119.29	92.33	77.54	74.2	76.72	72.28	89.75	93.27	81.85	68.09	91.28
Total Debt / EV	0.06	0.05	0.03	0.05	0.1	0.09	0.24	0.18	0.19	0.18	0.11	0.11	0.08	0.08	0.17
EV/Sales	2.25	2.53	3.51	3.72	3.7	3.52	4.27	3.37	3.89	3.96	6.36	5.33	6.26	6.09	2.99
EV/EBITDA	13.41	14.85	20.19	23.11	23.88	23.42	60.47	25.98	28.35	22.89	26.7	22.57	25.89	28.11	15.83
EV/EBIT	15.41	16.65	22.72	26.29	27.79	28.18	- -	51.55	44.57	33.11	32.9	26.51	29.89	33.03	18.92
EV/Cash Flow to Firm	12.54	14.26	19.39	21.19	22.22	22.38	- -	24.04	25.28	16.27	21.37	24.29	29.39	23.82	14.01
EV/Free Cash Flow to Firm	14.92	16.87	21.86	23.77	25.49	25.72	- -	31.14	32.77	17.76	22.32	26.69	32.02	25.43	15.29
Diluted Market Cap	3,433	4,296	6,680	7,757	7,806	8,457	11,156	11,397	13,961	14,287	28,898	27,339	35,825	37,685	18,975
Diluted Enterprise Value	3,491	4,201	6,461	7,797	8,252	8,716	14,012	13,688	16,773	16,417	31,392	29,800	37,576	38,652	20,600
EV per Share	35.35	43.81	68.06	85.96	97.19	104.02	155.69	149.25	185	182.69	365.6	368.32	471.96	493.55	273.91
TTM Sales	1,469	1,616	1,784	2,021	2,163	2,445	3,311	3,975	4,245	4,099	4,734	5,476	5,907	6,267	6,497
TTM EBITDA	246	275	310	326	335	367	234	515	582	709	1,128	1,292	1,428	1,359	1,226
TTM Operating Income	214	248	276	308	314	348	152	367	380	496	922	1,109	1,111	1,157	1,176
TTM Cash Flow to Firm	263	287	323	355	360	384	- -	557	652	998	1,409	1,201	1,258	1,603	1,385
TTM Free Cash Flow to Firm	221	242	286	317	314	334	- -	430	503	914	1,350	1,093	1,155	1,502	1,270

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	16.07	18.24	23.93	25.16	26.07	26.78	77.61	33.1	33.53	17.44	23.07	27.52	34.03	27.24	16.15
EV/EBIT	15.41	16.65	22.72	26.29	27.79	28.18	- -	51.55	44.57	33.11	32.9	26.51	29.89	33.03	18.92
Enterprise Value	3,300	4,090	6,259	7,523	8,002	8,598	14,140	13,388	16,495	16,231	30,124	29,161	36,972	38,191	19,406
Low Price	31.88	34.2	45.56	62.87	76.91	77.74	88.35	111.9	122.62	79.44	150.36	223.3	293.4	411.24	221.96
EV/Sales	2.25	2.53	3.51	3.72	3.7	3.52	4.27	3.37	3.89	3.96	6.36	5.33	6.26	6.09	2.99
EV/EBITDA	13.41	14.85	20.19	23.11	23.88	23.42	60.47	25.98	28.35	22.89	26.7	22.57	25.89	28.11	15.83
Price/Earnings	24.36	25.25	35.84	41.57	43.81	43.04	3,352.18	91.76	59.09	53.14	35.93	33.47	40.25	29.85	25.93
Price/Earnings Average	26.18	24.59	29.08	35.47	40.9	39.35	3,115.98	100.34	56.91	43.77	26.88	28.58	31.33	29.37	37.18
Price/Earnings High	30.28	29.08	36.14	42.24	45.51	44.8	3,505.28	118.86	66.04	55.13	36.48	35.57	42.02	34.36	59.09
Price/Earnings Low	22.36	19.26	23.18	30.56	36.72	33.16	2,383.59	83	47.21	26.6	16.11	22.16	26.27	25.51	22.94
Price/Book Value	17.84	13.65	17.93	46.43	-57.07	136.99	11.47	13.04	14.58	12.93	74.46	117.21	51.75	27.39	55.58
Price/Book Value Average	19.16	13.29	14.54	39.62	-53.28	125.26	10.67	14.26	14.04	10.65	55.7	100.09	40.28	26.95	79.68
Price/Book Value High	22.17	15.72	18.08	47.18	-59.28	142.61	12	16.9	16.29	13.42	75.61	124.56	54.02	31.53	126.64
Price/Book Value Low	16.37	10.41	11.6	34.14	-47.83	105.54	8.16	11.8	11.65	6.47	33.39	77.61	33.77	23.41	49.16
Price/Tangible Book Value	-9.71	-18.63	-39.5	-16.4	-8	-11.05	-3.42	-3.56	-4.68	-5.3	-8.39	-8.12	-12.77	-18.79	-6.45
Price/Tangible Book Value Average	-10.44	-18.15	-32.04	-14	-7.47	-10.11	-3.18	-3.9	-4.51	-4.36	-6.27	-6.94	-9.94	-18.49	-9.25
Price/Tangible Book Value High	-12.07	-21.46	-39.83	-16.67	-8.31	-11.51	-3.58	-4.61	-5.23	-5.5	-8.52	-8.63	-13.33	-21.63	-14.69
Price/Tangible Book Value Low	-8.91	-14.21	-25.55	-12.06	-6.71	-8.52	-2.43	-3.22	-3.74	-2.65	-3.76	-5.38	-8.33	-16.07	-5.7
Price/Sales	2.27	2.59	3.67	3.78	3.56	3.41	3.32	2.83	3.25	3.46	6.02	4.94	6.01	5.97	2.91
Price/Sales Average	2.44	2.53	2.98	3.22	3.32	3.12	3.09	3.09	3.13	2.85	4.51	4.22	4.68	5.88	4.17
Price/Sales High	2.82	2.99	3.7	3.84	3.7	3.55	3.47	3.66	3.63	3.59	6.12	5.25	6.28	6.87	6.63
Price/Sales Low	2.08	1.98	2.38	2.78	2.98	2.63	2.36	2.56	2.59	1.73	2.7	3.27	3.92	5.1	2.57
Price/Cash Flow	13.05	14.97	20.76	22.03	22.27	22.79	43.19	23.85	24.38	15.69	21.72	24.55	30.73	25.2	14.66
Price/Cash Flow Average	14.02	14.58	16.84	18.8	20.79	20.84	40.14	26.08	23.48	12.92	16.25	20.96	23.92	24.8	21.01
Price/Cash Flow High	16.22	17.24	20.93	22.38	23.13	23.72	45.16	30.89	27.25	16.28	22.06	26.09	32.08	29.01	33.39
Price/Cash Flow Low	11.98	11.42	13.43	16.2	18.66	17.56	30.71	21.57	19.48	7.86	9.74	16.26	20.06	21.54	12.96
Price/Free Cash Flow Average	17.27	17.77	19.41	21.47	24.34	24.49	72.14	36.2	32.29	14.36	17.26	23.5	26.49	26.81	23.15
Price/Free Cash Flow High	19.98	21.02	24.13	25.57	27.08	27.88	81.15	42.88	37.47	18.09	23.43	29.25	35.53	31.36	36.79
Price/Free Cash Flow Low	14.75	13.92	15.48	18.5	21.85	20.64	55.18	29.94	26.79	8.73	10.34	18.22	22.21	23.29	14.28
EV/Sales Average	2.41	2.46	2.82	3.18	3.47	3.23	4.03	3.63	3.77	3.35	4.89	4.61	4.94	6	4.17
EV/Sales High	2.78	2.92	3.54	3.78	3.83	3.66	4.43	4.19	4.26	4.09	6.45	5.63	6.52	6.99	6.49
EV/Sales Low	2.07	1.92	2.23	2.74	3.13	2.73	3.29	3.1	3.24	2.24	3.14	3.68	4.19	5.23	2.67
EV/EBITDA Average	14.39	14.45	16.25	19.73	22.38	21.48	57.07	27.99	27.48	19.38	20.53	19.55	20.42	27.68	22.12
EV/EBITDA High	16.61	17.16	20.37	23.48	24.75	24.35	62.67	32.34	31.12	23.63	27.08	23.87	26.97	32.25	34.37
EV/EBITDA Low	12.32	11.25	12.81	17.02	20.23	18.21	46.53	23.92	23.62	12.96	13.19	15.59	17.32	24.13	14.15
EV/EBIT Average	16.54	16.2	18.28	22.45	26.04	25.84	- -	55.54	43.21	28.04	25.29	22.96	23.58	32.52	26.44
EV/EBIT High	19.09	19.23	22.91	26.71	28.8	29.3	- -	64.17	48.92	34.19	33.36	28.03	31.14	37.89	41.08
EV/EBIT Low	14.17	12.61	14.41	19.37	23.54	21.9	- -	47.47	37.14	18.75	16.25	18.31	20	28.36	16.92
Last Price	34.74	44.82	70.44	85.51	91.77	100.9	124.25	123.72	153.47	158.71	335.33	337.24	449.61	481.05	250.97
High Price	43.17	51.63	71.02	86.89	95.32	105.04	129.92	160.26	171.53	164.66	340.51	358.4	469.33	553.77	571.84
Enterprise Value Average	3,541	3,982	5,036	6,425	7,500	7,884	13,345	14,426	15,991	13,743	23,163	25,260	29,164	37,600	27,117
Enterprise Value High	4,087	4,726	6,313	7,644	8,294	8,940	14,656	16,666	18,105	16,759	30,551	30,836	38,517	43,817	42,140
Enterprise Value Low	3,033	3,098	3,971	5,542	6,779	6,683	10,880	12,329	13,745	9,188	14,883	20,140	24,736	32,789	17,351

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	93	93	92	88	82	83	91	90	89	89	82	79	78	77	71
Diluted Weighted Avg Shares	99	96	95	91	85	84	90	92	91	90	86	81	80	78	76
Basic Weighted Avg Shares	96	93	93	89	84	83	88	91	90	89	85	80	79	78	75
Revenue per Share	15.29	17.29	19.18	22.63	25.8	29.61	37.43	43.77	47.27	45.9	55.68	68.3	74.77	80.57	86.22
EBITDA per Share	2.56	2.95	3.33	3.64	4	4.45	2.64	5.67	6.48	7.94	13.27	16.11	18.07	17.47	16.27
Operating Income per Share	2.23	2.66	2.97	3.45	3.75	4.21	1.72	4.04	4.23	5.56	10.84	13.83	14.06	14.88	15.6
Basic EPS, GAAP	1.43	1.78	1.97	2.06	2.09	2.34	0.04	1.35	2.6	2.99	9.33	10.08	11.17	16.12	9.68
Basic EPS from Cont Ops	1.43	1.78	1.97	2.06	2.09	2.34	0.04	1.35	2.6	2.99	9.33	10.08	11.17	16.12	9.68
Diluted EPS, GAAP	1.39	1.73	1.93	2.03	2.06	2.31	0.04	1.33	2.56	2.96	9.21	9.96	11.08	16	9.65
Diluted EPS from Cont Ops	1.39	1.73	1.93	2.03	2.06	2.31	0.04	1.33	2.56	2.96	9.21	9.96	11.08	16	9.65
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	2.66	2.99	3.39	3.88	4.12	4.43	2.88	5.19	6.3	10.11	15.44	13.74	14.63	19.09	17.12
Free Cash Flow per Basic Share	2.22	2.52	3	3.45	3.57	3.82	1.62	3.79	4.64	9.17	14.73	12.39	13.32	17.78	15.6
Cash & Equivalents per Share	1.53	3.21	4.61	4.17	4.53	5.74	5.93	1.74	3.15	8.02	9.18	8.82	16.84	24.98	24.31
Book Value per Share	1.95	3.28	3.93	1.84	-1.61	0.74	10.83	9.48	10.53	12.27	4.5	2.88	8.69	17.56	4.52
Tangible Book Value per Share	-3.58	-2.41	-1.78	-5.21	-11.47	-9.13	-36.29	-34.73	-32.8	-29.96	-39.99	-41.52	-35.21	-25.6	-38.92