Meritage Homes Corporation Financial Ratios — MEY 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 (%)	-4.27	17.78	16.21	14.58	10.87	11.16	9.56	13.79	13.51	19.6	27.35	28.37	17.26	16.12	8.76
Return on Assets (%)	-1.73	7.52	6.96	6.59	5.15	5.37	4.67	6.87	7.38	11.66	17.01	18.76	12.19	11.63	6.13
Return on Capital (%)	- -	- -	8.49	7.66	6.32	6.22	5.38	7.74	8.42	13.11	19.27	21.22	13.68	12.88	6.65
Return on Invested Capital (%)	- -	- -	8.32	7.37	6.32	5.94	5.17	7.41	8.14	12.86	19	21.03	12.93	12.25	6.13
Gross Margin (%)	17.02	18.96	22.49	21.4	19.59	18.1	18.08	18.43	19.04	21.66	27.88	28.63	24.75	25	19.74
EBITDA Margin (%)	1.82	5.63	10.92	10	8.52	7.53	7.97	8.46	8.96	12.43	18.97	20.82	15.1	15.39	9.65
Operating Margin (%)	0.99	5.43	10.59	9.47	7.97	7.01	7.46	7.7	8.36	11.74	18.82	20.43	14.7	14.99	9.22
Incremental Operating Margin (%)	30.52	16.87	20.46	3.73	- -	1.62	14.46	10.36	25.8	26.76	68.55	27.65	239.34	21.91	78.5
Pretax Margin (%)	-2.35	2.39	9.69	9.51	7.31	7.13	7.6	7.99	8.24	11.84	18.55	20.47	15.47	15.69	9.98
Profit Margin (%)	-2.43	8.73	6.79	6.49	4.97	4.89	4.4	6.41	6.79	9.4	14.33	15.75	12.04	12.3	7.73
Net Income to Common Margin (%)	-2.43	8.73	6.79	6.49	4.97	4.89	4.4	6.41	6.79	9.4	14.33	15.75	12.04	12.3	7.73
Effective Tax Rate (%)	- -	- -	29.95	31.75	32.05	31.42	42.12	19.74	17.59	20.63	22.77	23.05	22.19	21.61	22.51
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.35	13.81	26.73
Sustainable Growth Rate (%)	-4.27	17.78	16.21	14.58	10.87	11.16	9.56	13.79	13.51	19.6	27.35	28.37	16.33	13.89	6.42

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	606	723	921	935	1,117	1,127	1,284	1,310	1,087	1,077	1,186	1,173	1,062	1,392	1,890
ST Debt	- -	- -	- -	- -	- -	15	- -	- -	34	28	- -	- -	- -	- -	- -
LT Debt	606	723	921	935	1,117	1,112	1,284	1,310	1,053	1,048	1,186	1,173	1,062	1,392	1,890
Total Debt/EBITDA	38.49	10.65	4.6	4.27	5.06	4.9	4.95	4.37	3.3	1.92	1.21	0.89	1.15	1.41	3.34
Net Debt/EBITDA	27.47	8.14	3.23	3.8	3.87	4.33	4.29	3.33	2.12	0.49	0.55	0.22	0.09	0.7	1.86
Total Debt/EBIT	70.72	12.11	4.84	4.51	5.4	5.26	5.29	4.8	3.6	2.03	1.25	0.91	1.18	1.45	3.5
Net Debt/EBIT	50.47	9.26	3.4	4.01	4.14	4.65	4.59	3.66	2.32	0.52	0.57	0.22	0.1	0.71	1.95
EBITDA to Interest Expense	0.52	2.8	13.27	42.43	13.84	44.51	67.3	381.9	39.39	257.3	3,070.86	31,985.2	- -	- -	- -
EBITDA-CapEx/Interest Expense	0.29	2.35	12.23	38.4	12.83	41.29	62.6	339.33	36.47	248.14	2,990.15	31,327.37	- -	- -	- -
EBIT to Interest Expense	0.28	2.7	12.86	40.18	12.95	41.42	63.03	347.54	36.72	243.03	3,045.52	31,381.59	- -	- -	- -
Interest Expense	30	24	15	5	16	5	4	1	8	2	- -	- -	- -	- -	- -
Common Equity/Total Assets	40.03	44.06	42	47.9	46.98	49.21	48.5	51.13	58.09	60.76	63.33	68.43	72.59	71.78	68.16
Long-Term Debt/Equity (%)	124.03	104.12	109.47	84.29	88.73	78.25	81.42	76.13	53.35	44.65	38.96	29.71	23.03	27.07	36.37
Long-Term Debt/Capital (%)	55.36	51.01	52.26	45.74	47.01	43.64	44.88	43.22	34.4	30.61	28.04	22.9	18.72	21.3	26.67
Long-Term Debt/Total Assets (%)	49.65	45.88	45.98	40.38	41.68	38.51	39.49	38.93	30.99	27.13	24.67	20.33	16.72	19.43	24.79
Total Debt/Equity (%)	124.03	104.12	109.47	84.29	88.73	79.3	81.42	76.13	55.09	45.85	38.96	29.71	23.03	27.07	36.37
Total Debt/Capital (%)	55.36	51.01	52.26	45.74	47.01	44.23	44.88	43.22	35.52	31.44	28.04	22.9	18.72	21.3	26.67
Total Debt/Total Assets (%)	49.65	45.88	45.98	40.38	41.68	39.03	39.49	38.93	32	27.86	24.67	20.33	16.72	19.43	24.79
Net Debt to Equity	88.52	79.56	76.89	74.98	67.9	70.04	70.59	58.03	35.44	11.69	17.79	7.32	1.89	13.31	20.28
Net Debt/Capital (%)	46.96	44.31	43.47	42.85	40.44	41.19	41.38	36.72	25.51	10.25	15	6.78	1.83	11.63	16.7
EBITDA	16	68	200	219	221	230	259	300	330	560	977	1,311	927	984	566
EBITDA-CapEx	9	57	185	198	205	214	241	266	305	540	951	1,284	889	955	540
Operating Income (Loss)	9	65	194	207	207	214	243	273	307	529	968	1,287	902	958	540

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	3.46	1.42	1.36	0.45	1	0.4	0.51	1	0.92	1.68	1.14	1.4	1.44	1.09	1.52
Current Ratio	11.12	11.27	8.9	9.5	9.65	8.28	9.31	10.26	9.18	8.28	8.45	8.98	9.38	11.44	14.19
Quick Ratio	3.62	1.58	1.55	0.7	1.21	0.61	0.75	1.25	1.17	1.9	1.41	1.75	1.85	1.52	2.12
CFO/Avg Current Liab	-0.73	-2.07	-0.48	-0.98	-0.01	-0.35	-0.26	0.82	1.05	1.34	-0.31	0.7	0.57	-0.37	0.21
Common Equity/Total Assets	40.03	44.06	42	47.9	46.98	49.21	48.5	51.13	58.09	60.76	63.33	68.43	72.59	71.78	68.16
Long-Term Debt/Equity (%)	124.03	104.12	109.47	84.29	88.73	78.25	81.42	76.13	53.35	44.65	38.96	29.71	23.03	27.07	36.37
Long-Term Debt/Capital (%)	55.36	51.01	52.26	45.74	47.01	43.64	44.88	43.22	34.4	30.61	28.04	22.9	18.72	21.3	26.67
Long-Term Debt/Total Assets (%)	49.65	45.88	45.98	40.38	41.68	38.51	39.49	38.93	30.99	27.13	24.67	20.33	16.72	19.43	24.79
Total Debt/Equity (%)	124.03	104.12	109.47	84.29	88.73	79.3	81.42	76.13	55.09	45.85	38.96	29.71	23.03	27.07	36.37
Total Debt/Capital (%)	55.36	51.01	52.26	45.74	47.01	44.23	44.88	43.22	35.52	31.44	28.04	22.9	18.72	21.3	26.67
Total Debt/Total Assets (%)	49.65	45.88	45.98	40.38	41.68	39.03	39.49	38.93	32	27.86	24.67	20.33	16.72	19.43	24.79
CFO/Total Liabilities	-10.12	-25.07	-6.71	-17.51	-0.23	-7.05	-5.2	15.94	24.35	34.97	-8.63	22.24	20.42	-11.26	4.87
CFO/CapEx	-10.47	-20.34	-4.94	-10.16	-0.21	-6.21	-4.81	7.85	14.22	26.61	-5.93	15.03	9.31	-7.94	4.6
Altman's Z-Score	2.5	2.99	3.38	3.32	3.22	3.34	3.46	3.38	3.98	4.58	5.04	4.83	5.59	4.99	4.13

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	1.01	1.13	1.05	1.05	1.11	1.03	1.06	1.09	1.28	1.14	1.11	1.02	0.92	0.8
Days Inventory Outstanding	- -	360.46	323.34	347.97	348.09	329.51	352.74	345.59	336.3	285.48	320.18	328.55	358.77	397.76	454.54
Accounts Payable Turnover	- -	29.11	29.09	28.94	24.26	22.88	21.16	21.6	21.04	21.58	23.86	20.93	18.28	23.97	24.02
Accounts Payable Turnover Days	- -	12.54	12.55	12.61	15.05	15.95	17.25	16.9	17.35	16.91	15.3	17.44	19.96	15.23	15.19
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	815	1,113	1,405	1,878	2,098	2,422	2,731	2,743	2,744	2,778	3,734	4,358	4,721	5,729	5,987
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	815	1,113	1,405	1,878	2,098	2,422	2,731	2,743	2,744	2,778	3,734	4,358	4,721	5,729	5,987
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	752	1,289	1,699	1,381	1,369	1,436	2,075	1,377	2,332	3,208	4,484	3,368	6,353	5,503	4,485
- Cash & Cash Equivalents	174	170	274	103	262	132	171	311	319	746	618	862	921	652	775
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	606	723	921	935	1,117	1,127	1,284	1,310	1,087	1,077	1,186	1,173	1,062	1,392	1,890
Enterprise Value	1,037	1,841	2,346	2,213	2,224	2,432	3,188	2,376	3,100	3,539	5,052	3,680	6,494	6,243	5,600
Total Capital	1,095	1,417	1,762	2,045	2,376	2,549	2,861	3,031	3,061	3,424	4,231	5,123	5,674	6,533	7,085
Total Debt/Capital (%)	55.36	51.01	52.26	45.74	47.01	44.23	44.88	43.22	35.52	31.44	28.04	22.9	18.72	21.3	26.67
Total Debt / EV	0.58	0.39	0.39	0.42	0.5	0.46	0.4	0.55	0.35	0.3	0.23	0.32	0.16	0.22	0.34
EV/Sales	1.2	1.53	1.28	1.01	0.86	0.8	0.98	0.67	0.84	0.79	0.98	0.58	1.06	0.98	0.96
EV/EBITDA	65.84	27.13	11.71	10.1	10.06	10.56	12.29	7.92	9.4	6.32	5.17	2.81	7.01	6.35	9.9
EV/EBIT	120.96	30.86	12.33	10.67	10.76	11.35	13.14	8.71	10.27	6.69	5.32	2.86	7.2	6.52	10.36
EV/Cash Flow to Firm	- -	- -	- -	- -	296.01	- -	- -	9.04	8.76	6.65	- -	9.08	18.26	- -	47.34
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	10.36	9.41	6.91	- -	9.73	20.46	- -	60.49
Diluted Market Cap	749	1,273	1,819	1,468	1,455	1,528	2,172	1,473	2,374	3,291	4,513	3,417	6,465	5,611	4,694
Diluted Enterprise Value	1,035	1,825	2,466	2,300	2,310	2,523	3,285	2,472	3,142	3,622	5,081	3,728	6,606	6,351	5,809
EV per Share	15.96	25.85	32.37	28.27	28.03	30.37	39.52	31.2	40.58	47.16	67.65	50.31	89.14	86.81	82.14
TTM Sales	868	1,205	1,834	2,191	2,593	3,057	3,255	3,544	3,678	4,506	5,147	6,298	6,138	6,393	5,861
TTM EBITDA	16	68	200	219	221	230	259	300	330	560	977	1,311	927	984	566
TTM Operating Income	9	65	194	207	207	214	243	273	307	529	968	1,287	902	958	540
TTM Cash Flow to Firm	- -	- -	-67	-208	8	-100	-85	263	354	532	-152	405	356	-228	118
TTM Free Cash Flow to Firm	- -	- -	-83	-229	-9	-117	-103	229	329	512	-178	378	317	-256	93

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	-9.23	-5.49	-19.41	-6.33	-74.9	-12.72	-20.64	6.44	7.36	6.45	-25.39	9.03	20.37	-21.9	50.72
EV/EBIT	120.96	30.86	12.33	10.67	10.76	11.35	13.14	8.71	10.27	6.69	5.32	2.86	7.2	6.52	10.36
Enterprise Value	1,037	1,841	2,346	2,213	2,224	2,432	3,188	2,376	3,100	3,539	5,052	3,680	6,494	6,243	5,600
Low Price	7.17	11.52	18.33	15.97	15.78	12.74	16.71	15.99	17.95	13.33	38.6	31.97	45.88	72.53	60.24
EV/Sales	1.2	1.53	1.28	1.01	0.86	0.8	0.98	0.67	0.84	0.79	0.98	0.58	1.06	0.98	0.96
EV/EBITDA	65.84	27.13	11.71	10.1	10.06	10.56	12.29	7.92	9.4	6.32	5.17	2.81	7.01	6.35	9.9
Price/Earnings	- -	11.72	13.6	9.68	10.61	9.59	14.47	6.38	9.32	7.62	6.12	3.41	8.65	7.05	10.29
Price/Earnings Average	- -	10.36	12.64	11.13	12.59	9.21	11.62	7.61	8.52	6.9	5.09	3.12	6.25	8.06	11.12
Price/Earnings High	- -	13.47	15.05	13.55	15.15	10.98	15.42	9.61	11.66	10.34	6.21	4.51	8.75	9.83	23.86
Price/Earnings Low	- -	7.46	10.64	8.76	9.71	6.81	9.4	5.64	5.48	2.37	3.93	2.36	4.55	6.69	9.42
Price/Book Value	1.54	1.86	2.02	1.24	1.09	1.01	1.32	0.8	1.18	1.37	1.47	0.85	1.38	1.07	0.86
Price/Book Value Average	1.42	1.64	1.88	1.43	1.29	0.97	1.06	0.95	1.08	1.24	1.23	0.78	1	1.22	0.93
Price/Book Value High	1.79	2.13	2.24	1.74	1.55	1.16	1.4	1.2	1.48	1.85	1.49	1.13	1.39	1.49	2
Price/Book Value Low	0.95	1.18	1.58	1.13	0.99	0.72	0.85	0.71	0.69	0.43	0.95	0.59	0.72	1.01	0.79
Price/Tangible Book Value	1.54	1.86	2.04	1.28	1.12	1.03	1.34	0.82	1.18	1.37	1.47	0.85	1.38	1.07	0.86
Price/Tangible Book Value Average	1.43	1.64	1.9	1.48	1.32	0.99	1.08	0.97	1.08	1.24	1.23	0.78	1	1.22	0.93
Price/Tangible Book Value High	1.8	2.13	2.26	1.8	1.59	1.18	1.43	1.23	1.48	1.85	1.49	1.13	1.39	1.49	2
Price/Tangible Book Value Low	0.96	1.18	1.6	1.16	1.02	0.73	0.87	0.72	0.69	0.43	0.95	0.59	0.72	1.01	0.79
Price/Sales	0.86	1.02	0.92	0.63	0.53	0.47	0.64	0.41	0.63	0.72	0.88	0.54	1.04	0.87	0.8
Price/Sales Average	0.8	0.9	0.86	0.72	0.63	0.45	0.51	0.49	0.58	0.65	0.73	0.49	0.75	0.99	0.86
Price/Sales High	1.01	1.18	1.02	0.88	0.75	0.54	0.68	0.62	0.79	0.97	0.89	0.71	1.05	1.21	1.84
Price/Sales Low	0.53	0.65	0.72	0.57	0.48	0.33	0.41	0.36	0.37	0.22	0.56	0.37	0.55	0.82	0.73
Price/Cash Flow	-10.11	-5.58	-21.72	-6.52	-409.72	-13.87	-23.79	5.53	6.71	6.08	-29.67	8.34	17.96	-24.37	39.39
Price/Cash Flow Average	-9.35	-4.93	-20.19	-7.5	-486.13	-13.33	-19.1	6.6	6.13	5.51	-24.69	7.65	12.98	-27.84	42.58
Price/Cash Flow High	-11.79	-6.41	-24.04	-9.12	-585	-15.87	-25.35	8.33	8.4	8.25	-30.11	11.05	18.19	-33.96	91.37
Price/Cash Flow Low	-6.26	-3.55	-16.99	-5.9	-374.77	-9.85	-15.45	4.89	3.94	1.9	-19.07	5.79	9.45	-23.1	36.07
Price/Free Cash Flow Average	-8.53	-4.85	-18.04	-7.28	-88.87	-12.22	-16.58	7.68	6.73	5.84	-21.12	8.29	14.72	-25.02	54.82
Price/Free Cash Flow High	-10.76	-6.31	-21.49	-8.86	-106.95	-14.56	-22.01	9.69	9.22	8.75	-25.76	11.97	20.63	-30.51	117.63
Price/Free Cash Flow Low	-5.72	-3.5	-15.18	-5.73	-68.51	-9.04	-13.41	5.69	4.33	2.01	-16.32	6.27	10.72	-20.76	46.43
EV/Sales Average	1.13	1.4	1.21	1.11	0.96	0.78	0.85	0.75	0.79	0.72	0.84	0.54	0.77	1.1	1.02
EV/Sales High	1.34	1.69	1.38	1.26	1.08	0.86	1.02	0.87	1	1.04	0.99	0.76	1.07	1.32	1.97
EV/Sales Low	0.87	1.14	1.08	0.95	0.81	0.66	0.76	0.63	0.58	0.3	0.67	0.42	0.57	0.93	0.89
EV/EBITDA Average	62.25	24.92	11.12	11.05	11.22	10.32	10.72	8.81	8.8	5.78	4.4	2.59	5.1	7.14	10.54
EV/EBITDA High	73.76	29.97	12.62	12.62	12.72	11.46	12.82	10.25	11.19	8.36	5.24	3.64	7.09	8.55	20.36
EV/EBITDA Low	47.68	20.24	9.86	9.51	9.54	8.76	9.49	7.39	6.49	2.38	3.53	2.02	3.76	6.06	9.23
EV/EBIT Average	114.36	28.34	11.7	11.67	11.99	11.09	11.46	9.68	9.61	6.12	4.52	2.64	5.25	7.34	11.03
EV/EBIT High	135.5	34.09	13.28	13.33	13.59	12.32	13.7	11.26	12.22	8.86	5.39	3.71	7.29	8.78	21.31
EV/EBIT Low	87.59	23.02	10.38	10.04	10.19	9.41	10.14	8.12	7.09	2.52	3.63	2.06	3.86	6.22	9.66
Last Price	11.57	18.09	23.44	17.64	17.26	17.94	25.72	18.08	30.53	42.75	60.04	46.04	87.21	76.51	65.8
High Price	13.49	20.8	25.95	24.7	24.64	20.53	27.42	27.22	38.21	58.04	60.93	61.04	88.3	106.62	152.61
Enterprise Value Average	981	1,691	2,226	2,421	2,479	2,375	2,779	2,642	2,900	3,236	4,298	3,402	4,730	7,027	5,963
Enterprise Value High	1,162	2,034	2,528	2,766	2,810	2,639	3,325	3,072	3,687	4,685	5,118	4,776	6,574	8,409	11,518
Enterprise Value Low	751	1,373	1,976	2,082	2,107	2,016	2,461	2,216	2,139	1,331	3,450	2,650	3,483	5,956	5,221

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	65	71	72	78	79	80	81	76	76	75	75	73	73	72	68
Diluted Weighted Avg Shares	65	70	78	83	84	85	84	81	78	77	75	74	74	73	71
Basic Weighted Avg Shares	65	68	72	78	79	80	81	80	76	75	75	73	73	72	71
Revenue per Share	13.4	17.69	25.4	28.07	32.74	38.23	40.4	44.18	48.27	59.74	68.48	85.82	83.8	88.21	82.75
EBITDA per Share	0.24	1	2.77	2.81	2.79	2.88	3.22	3.74	4.33	7.43	12.99	17.87	12.65	13.57	7.99
Operating Income per Share	0.13	0.96	2.69	2.66	2.61	2.68	3.01	3.4	4.03	7.01	12.88	17.53	12.32	13.22	7.63
Basic EPS, GAAP	-0.33	1.54	1.72	1.82	1.63	1.87	1.78	2.83	3.28	5.61	9.81	13.52	10.09	10.85	6.4
Basic EPS from Cont Ops	-0.33	1.54	1.72	1.82	1.63	1.87	1.78	2.83	3.28	5.61	9.81	13.52	10.09	10.85	6.4
Diluted EPS, GAAP	-0.33	1.49	1.6	1.71	1.53	1.76	1.7	2.79	3.21	5.5	9.81	13.37	9.96	10.72	6.35
Diluted EPS from Cont Ops	-0.33	1.49	1.6	1.71	1.53	1.76	1.7	2.79	3.21	5.5	9.81	13.37	9.96	10.72	6.35
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.54	1.5	1.71
Cash Flow per Share	-1.14	-3.24	-1.08	-2.71	-0.04	-1.29	-1.08	3.27	4.55	7.03	-2.02	5.52	4.86	-3.14	1.67
Free Cash Flow per Basic Share	-1.25	-3.4	-1.3	-2.97	-0.25	-1.5	-1.31	2.85	4.23	6.77	-2.36	5.15	4.33	-3.54	1.31
Cash & Equivalents per Share	4.94	2.39	3.78	1.32	3.3	1.65	2.12	4.09	4.18	9.94	8.28	11.78	12.65	9.06	11.37
Book Value per Share	7.53	9.75	11.61	14.17	15.87	17.76	19.55	22.6	25.84	31.29	40.76	54	63.31	71.49	76.22
Tangible Book Value per Share	7.5	9.75	11.47	13.75	15.45	17.34	19.14	22.17	25.84	31.29	40.76	54	63.31	71.49	76.22