Mastercard Incorporated Financial Ratios — M4I 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 (%)	34.43	43.16	43.27	50.68	59.42	69.48	70.39	107.87	143.83	104.38	126.79	145.92	169.27	191.95	210.49
Return on Assets (%)	19.52	23.83	23.34	24.46	24.12	23.24	19.57	25.37	30.01	20.41	24.38	26	27.58	28.44	29.28
Return on Capital (%)	34.71	43.32	43.34	46.18	43.69	40.88	36.67	52.69	63.06	39.9	44.69	49.52	54.17	56.6	60.4
Return on Invested Capital (%)	33.68	42.55	42.68	45.42	43.59	40.41	35.79	51.13	60.1	38.99	41.4	49.05	52.45	54.39	57.61
Gross Margin (%)	78.36	78.83	79.08	78.14	78.22	79.35	78.5	78.5	79.05	75.25	76.23	76.33	76.01	76.31	77.89
EBITDA Margin (%)	43.3	56.38	57.28	57.48	56.32	56.92	56.49	51.78	60.33	56.6	57.23	58.52	59	58.5	61.11
Operating Margin (%)	51.68	53.9	55.34	53.77	52.31	54.86	53.96	56.01	57.43	53.35	54.16	57.21	58.29	57.96	59.51
Incremental Operating Margin (%)	60.85	75.92	66.88	42.16	- -	77.1	48.29	66.49	68.39	96.9	57.61	74.41	66.69	55.29	68.92
Pretax Margin (%)	40.93	53.21	54.14	53.8	51.29	52.39	52.19	48.19	57.64	50.72	54.58	52.76	54.34	54.16	56.66
Profit Margin (%)	28.39	37.33	37.49	38.31	39.39	37.67	31.33	39.19	48.08	41.9	46	44.66	44.61	45.71	45.65
Net Income to Common Margin (%)	28.39	37.33	37.49	38.31	39.39	37.67	31.33	39.19	48.08	41.9	46	44.66	44.61	45.71	45.65
Effective Tax Rate (%)	30.64	29.85	30.76	28.79	23.19	28.11	39.97	18.67	16.58	17.38	15.72	15.36	17.92	15.6	19.43
Dvd Payout Ratio (%)	4.04	4.79	8.18	14.24	19.09	20.62	24.06	17.82	16.57	25.04	20.04	19.16	19.28	19.02	18.41
Sustainable Growth Rate (%)	33.03	41.09	39.73	43.46	48.07	55.15	53.45	88.65	120	78.25	101.38	117.96	136.64	155.45	171.73

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	- -	- -	- -	1,494	3,268	5,180	5,424	6,334	8,527	12,672	13,901	14,023	15,681	18,226	19,000
ST Debt	- -	- -	- -	- -	- -	- -	- -	500	- -	649	792	274	1,337	750	749
LT Debt	- -	- -	- -	1,494	3,268	5,180	5,424	5,834	8,527	12,023	13,109	13,749	14,344	17,476	18,251
Total Debt/EBITDA	- -	- -	- -	0.28	0.6	0.84	0.77	0.82	0.84	1.46	1.29	1.08	1.06	1.11	0.95
Net Debt/EBITDA	-1.28	-0.49	-0.76	-0.67	-0.46	-0.25	-0.07	-0.04	0.15	0.3	0.6	0.54	0.48	0.59	0.42
Total Debt/EBIT	- -	- -	- -	0.29	0.64	0.9	0.82	0.87	0.88	1.57	1.38	1.14	1.12	1.17	1.01
Net Debt/EBIT	-1.38	-0.52	-0.8	-0.71	-0.49	-0.27	-0.08	-0.05	0.16	0.32	0.64	0.57	0.51	0.63	0.45
EBITDA to Interest Expense	116.28	208.35	340.07	113.06	89.25	64.57	45.84	41.62	45.47	22.79	25.08	27.63	25.75	25.51	27.76
EBITDA-CapEx/Interest Expense	109.2	203.55	329	109.42	86.34	62.31	43.89	39.84	43.59	21.9	24.13	26.69	25.11	24.78	27.08
EBIT to Interest Expense	138.8	199.2	328.57	105.75	82.9	62.23	43.79	45.02	43.29	21.48	23.73	27.01	25.44	25.27	27.03
Interest Expense	25	20	14	48	61	95	154	186	224	380	431	471	575	646	722
Common Equity/Total Assets	54.88	55.5	52.55	44.3	37.1	30.29	25.64	21.7	20.16	19.03	19.41	16.26	16.32	13.49	14.29
Long-Term Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	106.29	142.33	184.49	176.86	215.6	205	268.24	235.62
Long-Term Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	49.34	58.73	62.66	61.51	67.4	63.25	70.64	68.24
Long-Term Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	23.47	29.17	35.8	34.8	35.51	33.79	36.35	33.7
Total Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	115.39	142.33	194.45	187.55	219.9	224.11	279.75	245.29
Total Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	53.57	58.73	66.04	65.22	68.74	69.15	73.67	71.04
Total Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	25.48	29.17	37.73	36.9	36.21	36.94	37.91	35.08
Net Debt to Equity	-63.54	-29.61	-48.02	-53.39	-40.89	-27.11	-9.14	-6.34	25.69	39.27	87.43	110	101.37	150.18	108.88
Net Debt/Capital (%)	-174.24	-42.08	-92.38	-114.52	-69.19	-37.2	-10.06	-6.77	20.44	28.2	46.65	52.38	50.34	60.03	52.13
EBITDA	2,907	4,167	4,761	5,427	5,444	6,134	7,059	7,741	10,186	8,661	10,808	13,014	14,807	16,479	20,040
EBITDA-CapEx	2,730	4,071	4,606	5,252	5,267	5,919	6,759	7,411	9,764	8,322	10,401	12,572	14,436	16,005	19,551
Operating Income (Loss)	3,470	3,984	4,600	5,076	5,057	5,912	6,743	8,374	9,696	8,163	10,227	12,722	14,630	16,327	19,514

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	1.17	1.02	1.04	1.02	1.07	1.16	0.89	0.72	0.64	0.89	0.6	0.52	0.56	0.46	0.48
Current Ratio	1.84	1.91	1.82	1.77	1.75	1.84	1.57	1.39	1.42	1.61	1.29	1.17	1.17	1.03	1.03
Quick Ratio	1.52	1.44	1.43	1.37	1.42	1.5	1.27	1.13	1.11	1.26	0.83	0.76	0.81	0.65	0.68
CFO/Avg Current Liab	0.73	0.65	0.76	0.56	0.66	0.69	0.71	0.61	0.7	0.61	0.76	0.82	0.79	0.83	0.84
Common Equity/Total Assets	54.88	55.5	52.55	44.3	37.1	30.29	25.64	21.7	20.16	19.03	19.41	16.26	16.32	13.49	14.29
Long-Term Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	106.29	142.33	184.49	176.86	215.6	205	268.24	235.62
Long-Term Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	49.34	58.73	62.66	61.51	67.4	63.25	70.64	68.24
Long-Term Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	23.47	29.17	35.8	34.8	35.51	33.79	36.35	33.7
Total Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	115.39	142.33	194.45	187.55	219.9	224.11	279.75	245.29
Total Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	53.57	58.73	66.04	65.22	68.74	69.15	73.67	71.04
Total Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	25.48	29.17	37.73	36.9	36.21	36.94	37.91	35.08
CFO/Total Liabilities	55.73	53.28	61.29	40.06	40.25	35.69	35.94	32.13	35.2	26.69	31.28	34.61	33.79	35.56	38.03
CFO/CapEx	15.16	30.71	26.68	19.47	23.17	21.57	18.88	18.86	19.39	21.31	23.25	25.33	32.29	31.18	36.09
Altman's Z-Score	9.18	9.86	12.02	10.94	10.59	9.16	10.29	10.15	12.14	11.59	11.64	11.32	12.07	12.48	12.16

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	6.87	8.53	8.79	9.1	8.84	8.64	7.38	7.04	7.05	5.93	6.68	6.92	6.71	7.19	7.82
Days Sales Outstanding	53.14	42.79	41.52	40.11	41.31	42.25	49.43	51.82	51.78	61.54	54.62	52.78	54.43	50.75	46.65
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	47,818	59,709	95,772	100,600	111,295	111,777	160,030	194,706	303,398	346,352	354,885	329,773	396,942	481,898	509,993
- Cash & Cash Equivalents	3,734	2,052	3,599	5,137	5,747	6,721	5,933	6,682	6,988	10,113	7,421	7,008	8,588	8,442	10,566
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	9	12	11	34	34	28	100	94	98	126	100	79	68	30	9
+ Total Debt	- -	- -	- -	1,494	3,268	5,180	5,424	6,334	8,527	12,672	13,901	14,023	15,681	18,226	19,000
Enterprise Value	42,878	54,718	89,488	95,753	107,859	108,650	157,772	192,756	304,347	348,554	360,992	336,467	403,511	491,382	518,104
Total Capital	5,877	6,929	7,495	8,318	9,330	10,864	10,992	11,823	14,518	19,189	21,313	20,400	22,678	24,741	26,746
Total Debt/Capital (%)	- -	- -	- -	17.96	35.03	47.68	49.34	53.57	58.73	66.04	65.22	68.74	69.15	73.67	71.04
Total Debt / EV	- -	- -	- -	0.02	0.03	0.05	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04
EV/Sales	6.39	7.4	10.77	10.14	11.16	10.08	12.62	12.89	18.03	22.78	19.12	15.13	16.08	17.45	15.8
EV/EBITDA	14.75	13.13	18.8	17.64	19.81	17.71	22.35	24.9	29.88	40.24	33.4	25.85	27.25	29.82	25.85
EV/EBIT	15.8	13.9	19.87	18.75	21.24	18.86	23.83	26.47	31.49	43.13	35.81	27.44	28.81	31.54	27.42
EV/Cash Flow to Firm	15.87	18.47	21.59	27.83	26	23.09	27.41	30.24	36.36	46.24	36.74	29.02	32.41	32.06	28.42
EV/Free Cash Flow to Firm	16.99	19.09	22.43	29.32	27.16	24.2	28.91	31.89	38.29	48.42	38.32	30.17	33.4	33.09	29.2
Diluted Market Cap	48,246	61,044	101,288	102,034	113,389	113,845	162,763	197,728	307,791	350,021	359,231	334,948	402,042	489,073	516,817
Diluted Enterprise Value	43,306	56,053	95,004	97,187	109,953	110,718	160,505	195,778	308,740	352,223	365,338	341,642	408,611	498,557	524,928
EV per Share	33.8	44.4	77.89	83.08	96.65	100.51	149.69	186.96	302.11	350.15	368.36	351.95	432.02	537.97	579.51
TTM Sales	6,714	7,391	8,312	9,441	9,667	10,776	12,497	14,950	16,883	15,301	18,884	22,237	25,098	28,167	32,791
TTM EBITDA	2,907	4,167	4,761	5,427	5,444	6,134	7,059	7,741	10,186	8,661	10,808	13,014	14,807	16,479	20,040
TTM Operating Income	3,470	3,984	4,600	5,076	5,057	5,912	6,743	8,374	9,696	8,163	10,227	12,722	14,630	16,327	19,514
TTM Cash Flow to Firm	2,701	2,962	4,145	3,441	4,148	4,705	5,756	6,374	8,370	7,538	9,826	11,594	12,452	15,325	18,230
TTM Free Cash Flow to Firm	2,524	2,866	3,990	3,266	3,971	4,490	5,456	6,044	7,948	7,199	9,419	11,152	12,081	14,851	17,741

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	19.24	21.4	25.45	31.57	28.9	25.75	30.34	33.55	39.66	50.84	39.67	31.15	34.63	34.19	30.12
EV/EBIT	15.8	13.9	19.87	18.75	21.24	18.86	23.83	26.47	31.49	43.13	35.81	27.44	28.81	31.54	27.42
Enterprise Value	42,878	54,718	89,488	95,753	107,859	108,650	157,772	192,756	304,347	348,554	360,992	336,467	403,511	491,382	518,104
Low Price	21.82	33.66	48.7	68.5	77.77	79.67	102.48	151.36	181.87	200.32	306.47	284.49	342.96	417.31	447.55
EV/Sales	6.39	7.4	10.77	10.14	11.16	10.08	12.62	12.89	18.03	22.78	19.12	15.13	16.08	17.45	15.8
EV/EBITDA	14.75	13.13	18.8	17.64	19.81	17.71	22.35	24.9	29.88	40.24	33.4	25.85	27.25	29.82	25.85
Price/Earnings	25.31	21.95	32.4	28.11	29.7	27.97	41.38	33.55	37.73	54.38	41.19	33.63	35.84	37.91	34.49
Price/Earnings Average	19.96	19.45	23.75	24.97	27.56	25.91	34.63	34.06	32.02	48.44	40.63	33.25	32.48	33.98	33.71
Price/Earnings High	25.73	22.37	32.46	28.8	30.31	29.4	42.23	40.01	37.78	57.75	45.82	38.94	36.25	38.59	36.38
Price/Earnings Low	14.65	15.25	18.93	22.06	23.16	21.55	27.93	26.89	22.78	31.31	34.86	27.73	28.92	29.98	27.06
Price/Book Value	8.15	8.63	12.8	14.82	18.46	19.76	29.27	36.09	51.48	54.19	48.53	52.36	57.29	74.31	65.92
Price/Book Value Average	6.43	7.65	9.38	13.16	17.14	18.31	24.49	36.63	43.69	48.28	47.88	51.77	51.93	66.62	64.43
Price/Book Value High	8.28	8.8	12.82	15.18	18.84	20.77	29.87	43.03	51.56	57.55	53.99	60.64	57.94	75.65	69.52
Price/Book Value Low	4.72	6	7.48	11.63	14.4	15.23	19.75	28.93	31.09	31.2	41.07	43.18	46.23	58.78	51.72
Price/Tangible Book Value	11.42	11.59	16.83	22.09	33.38	35.17	121.88	129.8	666.81	-1,075.63	-88.26	-64.88	-82.4	-59.05	-69.13
Price/Tangible Book Value Average	9	10.27	12.34	19.62	30.98	32.58	101.99	131.75	565.88	-958.24	-87.07	-64.15	-74.69	-52.94	-67.57
Price/Tangible Book Value High	11.6	11.81	16.86	22.63	34.07	36.97	124.38	154.77	667.74	-1,142.27	-98.19	-75.13	-83.35	-60.11	-72.92
Price/Tangible Book Value Low	6.61	8.05	9.83	17.34	26.03	27.1	82.26	104.04	402.67	-619.29	-74.69	-53.51	-66.5	-46.71	-54.24
Price/Sales	7.19	8.19	12.15	10.77	11.7	10.54	12.96	13.15	18.14	22.78	18.95	15.02	15.99	17.33	15.74
Price/Sales Average	5.67	7.26	8.9	9.57	10.86	9.76	10.85	13.35	15.4	20.3	18.69	14.85	14.49	15.53	15.39
Price/Sales High	7.3	8.35	12.17	11.03	11.94	11.07	13.23	15.68	18.17	24.2	21.08	17.39	16.17	17.64	16.61
Price/Sales Low	4.16	5.69	7.1	8.45	9.12	8.12	8.75	10.54	10.96	13.12	16.03	12.38	12.9	13.7	12.35
Price/Cash Flow	17.98	20.54	24.41	29.85	27.58	24.48	28.6	31.59	37.43	48.26	37.81	29.83	33.49	33.02	29.25
Price/Cash Flow Average	14.18	18.21	17.9	26.51	25.59	22.68	23.93	32.07	31.76	42.99	37.3	29.49	30.35	29.6	28.59
Price/Cash Flow High	18.27	20.93	24.46	30.57	28.14	25.74	29.19	37.67	37.48	51.25	42.06	34.54	33.87	33.61	30.85
Price/Cash Flow Low	10.41	14.27	14.26	23.42	21.51	18.87	19.31	25.32	22.6	27.79	32	24.6	27.02	26.12	22.95
Price/Free Cash Flow Average	15.18	18.97	18.66	28.04	26.82	23.85	25.39	34.06	33.66	45.29	39.14	30.8	31.39	30.65	29.44
Price/Free Cash Flow High	19.56	21.81	25.5	32.34	29.49	27.06	30.97	40.01	39.71	53.99	44.13	36.07	35.03	34.8	31.77
Price/Free Cash Flow Low	11.14	14.87	14.87	24.78	22.53	19.84	20.48	26.89	23.95	29.27	33.57	25.69	27.95	27.04	23.63
EV/Sales Average	4.88	6.48	7.69	8.95	10.33	9.32	10.53	13.09	15.31	20.31	18.86	14.96	14.6	15.67	15.45
EV/Sales High	6.5	7.56	10.79	10.4	11.39	10.61	12.89	15.4	18.05	24.18	21.23	17.48	16.26	17.75	16.65
EV/Sales Low	3.39	4.94	5.98	7.85	8.62	7.7	8.46	10.31	10.91	13.18	16.23	12.53	13.02	13.87	12.45
EV/EBITDA Average	11.27	11.5	13.43	15.57	18.34	16.37	18.65	25.28	25.37	35.88	32.96	25.57	24.74	26.79	25.28
EV/EBITDA High	15.02	13.4	18.84	18.09	20.23	18.64	22.81	29.74	29.92	42.72	37.09	29.86	27.56	30.35	27.25
EV/EBITDA Low	7.82	8.76	10.43	13.66	15.31	13.53	14.98	19.91	18.08	23.28	28.35	21.41	22.08	23.71	20.37
EV/EBIT Average	12.08	12.17	14.2	16.55	19.66	17.43	19.88	26.87	26.74	38.45	35.33	27.13	26.15	28.33	26.81
EV/EBIT High	16.09	14.19	19.91	19.23	21.69	19.85	24.32	31.61	31.54	45.79	39.77	31.69	29.13	32.09	28.89
EV/EBIT Low	8.38	9.27	11.03	14.51	16.42	14.41	15.97	21.16	19.06	24.95	30.4	22.72	23.34	25.07	21.6
Last Price	37.69	48.45	83.36	87.28	99.73	103.4	151.83	188.85	301.17	347.93	362.13	344.95	424.99	527.59	570.44
High Price	38.31	49.37	83.53	89.41	101.77	108.69	154.94	225.17	301.59	369.49	402.86	399.49	429.86	537.11	601.66
Enterprise Value Average	32,771	47,930	63,928	84,493	99,856	100,418	131,652	195,680	258,426	310,754	356,233	332,755	366,366	441,495	506,571
Enterprise Value High	43,659	55,858	89,677	98,201	110,143	114,362	161,051	230,198	304,772	370,013	400,912	388,602	408,058	500,076	546,021
Enterprise Value Low	22,739	36,491	49,667	74,107	83,357	83,000	105,754	154,105	184,164	201,613	306,444	278,670	326,889	390,651	408,237

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	1,269	1,232	1,149	1,153	1,116	1,081	1,054	1,031	1,007	995	980	956	934	913	894
Diluted Weighted Avg Shares	1,280	1,260	1,215	1,169	1,137	1,101	1,072	1,047	1,022	1,006	992	971	946	927	906
Basic Weighted Avg Shares	1,280	1,250	1,211	1,165	1,134	1,098	1,067	1,041	1,017	1,002	988	968	944	925	905
Revenue per Share	5.25	5.91	6.86	8.1	8.52	9.81	11.71	14.36	16.6	15.27	19.11	22.97	26.59	30.45	36.23
EBITDA per Share	2.27	3.33	3.93	4.66	4.8	5.59	6.62	7.44	10.02	8.64	10.94	13.44	15.69	17.82	22.14
Operating Income per Share	2.71	3.19	3.8	4.36	4.46	5.38	6.32	8.04	9.53	8.15	10.35	13.14	15.5	17.65	21.56
Basic EPS, GAAP	1.49	2.21	2.57	3.1	3.36	3.7	3.67	5.63	7.98	6.4	8.79	10.26	11.86	13.92	16.54
Basic EPS from Cont Ops	1.49	2.21	2.57	3.1	3.36	3.7	3.67	5.63	7.98	6.4	8.79	10.26	11.86	13.92	16.54
Diluted EPS, GAAP	1.49	2.19	2.56	3.09	3.35	3.69	3.65	5.6	7.94	6.37	8.76	10.23	11.83	13.89	16.52
Diluted EPS from Cont Ops	1.49	2.19	2.56	3.09	3.35	3.69	3.65	5.6	7.94	6.37	8.76	10.23	11.83	13.89	16.52
Dividend per Share	0.06	0.11	0.21	0.44	0.64	0.76	0.88	1	1.32	1.6	1.76	1.97	2.29	2.65	3.05
Cash Flow per Share	2.1	2.36	3.41	2.92	3.62	4.22	5.31	5.98	8.05	7.21	9.58	11.57	12.69	15.98	19.5
Free Cash Flow per Basic Share	1.96	2.28	3.29	2.77	3.46	4.03	5.03	5.66	7.63	6.87	9.17	11.11	12.3	15.47	18.96
Cash & Equivalents per Share	3.9	4.06	5.48	5.53	6.04	7.71	7.38	8.13	7.62	10.64	8.06	7.75	9.83	9.6	12.19
Book Value per Share	4.63	5.61	6.51	5.89	5.4	5.23	5.19	5.23	5.85	6.42	7.46	6.59	7.42	7.1	8.65
Tangible Book Value per Share	3.3	4.18	4.95	3.95	2.99	2.94	1.25	1.45	0.45	-0.32	-4.1	-5.32	-5.16	-8.93	-8.25