Universal Health Services, Inc. Financial Ratios — UHS 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 (%)	18.63	17.7	17.13	15.61	17.04	15.99	15.8	15.02	14.96	15.97	15.98	11.25	11.89	17.82	21.36
Return on Assets (%)	5.24	5.59	6.19	6.31	7.32	7.05	7.14	7.08	7.11	7.51	7.46	5.08	5.23	8.03	9.93
Return on Capital (%)	7.33	7.44	7.94	7.79	8.81	8.7	9.24	9.43	9.59	9.91	9.92	7.19	7.67	10.85	13.03
Return on Invested Capital (%)	9.29	9.25	9.46	9.67	10.67	9.82	9.66	9.68	9.68	9.96	9.58	6.83	7.79	11.06	12.35
Gross Margin (%)	88.08	88.51	88.86	89.08	89.23	89.44	89.38	89.15	89	88.86	88.71	89	89.27	89.97	90.45
EBITDA Margin (%)	17.65	17.97	18.36	17.54	18.33	17.39	16.6	15.12	15	16.17	15	11.83	12.21	14.32	15.05
Operating Margin (%)	13.27	13.53	12.95	13.06	13.75	13.07	12.3	10.91	10.69	11.75	10.78	7.49	8.23	10.63	11.48
Incremental Operating Margin (%)	21.04	22.16	3.13	13.99	20.52	4.5	0.64	- -	6.71	78.86	0.44	- -	19.47	32.76	20.31
Pretax Margin (%)	10.3	10.97	11.8	11.33	12.67	11.84	10.9	9.6	9.37	10.83	10.23	6.46	6.58	9.46	11.36
Profit Margin (%)	5.89	6.37	6.93	6.65	7.53	7.19	7.23	7.24	7.16	8.17	7.84	5.04	5.03	7.22	8.57
Net Income to Common Margin (%)	5.89	6.37	6.93	6.65	7.53	7.19	7.23	7.24	7.16	8.17	7.84	5.04	5.03	7.22	8.57
Effective Tax Rate (%)	35.54	35.96	36.27	34.92	34.49	35.39	32.04	22.87	22.39	23.9	23.64	24.16	23.51	22.35	23.37
Dvd Payout Ratio (%)	3.9	10.92	3.28	4.46	4.82	4.91	4.83	4.58	6.31	1.8	6.7	9.16	7.7	4.51	3.34
Sustainable Growth Rate (%)	17.9	15.77	16.57	14.92	16.22	15.21	15.04	14.34	14.02	15.68	14.91	10.22	10.98	17.02	20.64

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	3,654	3,730	3,309	3,279	3,431	4,136	4,040	3,999	4,311	4,194	4,559	5,271	5,367	4,955	5,167
ST Debt	2	3	99	68	63	106	546	63	144	392	113	149	198	115	821
LT Debt	3,651	3,727	3,210	3,210	3,369	4,030	3,494	3,935	4,167	3,803	4,447	5,122	5,168	4,841	4,345
Total Debt/EBITDA	3.06	2.98	2.45	2.28	2.07	2.44	2.34	2.46	2.53	2.24	2.4	3.32	3.08	2.19	1.98
Net Debt/EBITDA	3.03	2.96	2.43	2.26	2.03	2.42	2.29	2.39	2.3	1.41	2.15	2.97	2.75	1.93	1.77
Total Debt/EBIT	4.07	3.96	3.26	3.08	2.72	3.23	3.16	3.4	3.55	3.09	3.34	5.25	4.57	2.95	2.59
Net Debt/EBIT	4.03	3.93	3.24	3.05	2.68	3.2	3.1	3.31	3.23	1.94	2.99	4.69	4.08	2.6	2.31
EBITDA to Interest Expense	7.25	9.53	12.2	14.43	17.19	15.65	12.9	11.05	10.49	17.58	22.66	12.49	8.44	12.42	17.16
EBITDA-CapEx/Interest Expense	5.34	2.74	8.85	6.05	7.73	5	8.35	5.54	6.46	10.68	12.44	6.71	4.84	7.25	10.33
EBIT to Interest Expense	5.46	7.17	8.6	10.75	12.9	11.76	9.56	7.98	7.47	12.78	16.29	7.91	5.69	9.21	13.1
Interest Expense	164	131	111	100	96	109	134	147	163	106	84	127	207	183	152
Common Equity/Total Assets	29.96	33.09	39.1	41.63	44.2	43.94	46.36	47.84	47.17	46.87	46.51	43.88	44.02	46.07	46.86
Long-Term Debt/Equity (%)	142.33	124.24	91.23	79.65	74.01	87.48	69.08	71.94	74.63	59.35	71.74	85.8	83.33	71.58	58.64
Long-Term Debt/Capital (%)	58.71	55.38	47.01	43.92	42.2	46.1	38.41	41.56	42.11	35.87	41.33	45.56	44.68	41.31	34.55
Long-Term Debt/Total Assets (%)	47.64	45.45	38.62	35.77	35.03	39.06	32.47	34.93	35.71	28.22	33.96	37.96	37	33.45	27.98
Total Debt/Equity (%)	142.43	124.32	94.05	81.34	75.39	89.78	79.87	73.1	77.21	65.47	73.56	88.3	86.53	73.27	69.73
Total Debt/Capital (%)	58.75	55.42	48.47	44.86	42.98	47.31	44.4	42.23	43.57	39.57	42.38	46.89	46.39	42.29	41.08
Total Debt/Total Assets (%)	47.67	45.48	39.81	36.53	35.69	40.09	37.54	35.49	36.94	31.12	34.82	39.06	38.42	34.25	33.27
Net Debt to Equity	140.82	123.54	93.56	80.54	74.04	89.05	78.4	71.18	70.26	41.08	65.74	78.81	77.28	64.74	62.28
Net Debt/Capital (%)	58.48	55.27	48.34	44.61	42.54	47.1	43.95	41.58	39.9	28.07	38.29	42.24	41.86	37.77	37.1
EBITDA	1,193	1,251	1,353	1,439	1,658	1,698	1,728	1,628	1,706	1,869	1,896	1,585	1,743	2,267	2,613
EBITDA-CapEx	878	360	982	603	745	543	1,119	817	1,051	1,135	1,041	851	1,000	1,323	1,573
Operating Income (Loss)	897	942	954	1,072	1,244	1,276	1,280	1,175	1,216	1,358	1,363	1,004	1,175	1,682	1,994

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	0.05	0.03	0.02	0.03	0.06	0.03	0.04	0.07	0.04	0.49	0.06	0.05	0.06	0.06	0.04
Current Ratio	1.63	1.57	1.35	1.37	1.56	1.28	0.97	1.34	1.23	1.32	1.14	1.33	1.4	1.27	1.05
Quick Ratio	1.21	1.22	1.07	1.11	1.24	1.12	0.85	1.11	1.04	1.19	0.94	1.11	1.17	1.04	0.85
CFO/Avg Current Liab	0.85	0.92	0.91	0.92	0.94	1.1	0.79	0.77	0.96	1.17	0.4	0.51	0.65	0.98	0.68
Common Equity/Total Assets	29.96	33.09	39.1	41.63	44.2	43.94	46.36	47.84	47.17	46.87	46.51	43.88	44.02	46.07	46.86
Long-Term Debt/Equity (%)	142.33	124.24	91.23	79.65	74.01	87.48	69.08	71.94	74.63	59.35	71.74	85.8	83.33	71.58	58.64
Long-Term Debt/Capital (%)	58.71	55.38	47.01	43.92	42.2	46.1	38.41	41.56	42.11	35.87	41.33	45.56	44.68	41.31	34.55
Long-Term Debt/Total Assets (%)	47.64	45.45	38.62	35.77	35.03	39.06	32.47	34.93	35.71	28.22	33.96	37.96	37	33.45	27.98
Total Debt/Equity (%)	142.43	124.32	94.05	81.34	75.39	89.78	79.87	73.1	77.21	65.47	73.56	88.3	86.53	73.27	69.73
Total Debt/Capital (%)	58.75	55.42	48.47	44.86	42.98	47.31	44.4	42.23	43.57	39.57	42.38	46.89	46.39	42.29	41.08
Total Debt/Total Assets (%)	47.67	45.48	39.81	36.53	35.69	40.09	37.54	35.49	36.94	31.12	34.82	39.06	38.42	34.25	33.27
CFO/Total Liabilities	13.94	15.37	18.45	20.95	21.1	23.36	21.87	22	23.64	33.38	12.82	13.24	16.33	26.82	22.97
CFO/CapEx	2.26	0.9	2.38	1.24	1.17	1.15	2.05	1.57	2.19	3.21	1.03	1.36	1.71	2.19	1.79
Altman's Z-Score	- -	- -	4	4.5	4.78	4.33	4.32	4.24	4.32	3.74	3.8	3.57	3.64	3.98	4.08

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	7.48	6.83	6.75	6.84	7	7.12	7.08	7.16	7.41	7.03	7.27	7.12	6.71	7.17	7.27
Days Sales Outstanding	48.8	53.4	54.1	53.37	52.17	51.24	51.55	51.01	49.25	51.94	50.17	51.27	54.38	50.92	50.24
Inventory Turnover	8.43	8.17	8.18	8.53	8.69	8.54	8.45	8.22	8.12	7.35	7.18	6.93	7.04	7.25	7.32
Days Inventory Outstanding	43.3	44.68	44.63	42.77	42	42.72	43.19	44.41	44.93	49.63	50.8	52.65	51.85	50.34	49.84
Accounts Payable Turnover	3.36	3.38	3.14	2.94	2.8	2.58	2.53	2.66	2.83	2.59	2.35	2.29	2.45	2.56	2.42
Accounts Payable Turnover Days	108.54	108.13	116.06	124.1	130.59	141.33	144.19	137.2	128.98	140.82	155.43	159.1	149.04	142.86	151.03
Cash Conversion Cycle	-16.45	-10.04	-17.33	-27.95	-36.42	-47.38	-49.45	-41.79	-34.79	-39.25	-54.46	-55.18	-42.81	-41.6	-50.95
Inventory to Cash Days	5.5	8.72	9.47	10.61	10.17	8.52	8.36	6.6	4.32	2.31	-0.63	-1.38	2.53	0.58	0.4
Inventories	97	99	102	108	116	125	136	148	160	190	207	219	217	221	232
Raw Materials	97	99	102	108	116	125	136	148	160	190	207	219	217	221	232
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	- -	- -	7,912	11,163	11,885	10,242	10,790	10,565	12,432	11,617	10,061	9,906	10,160	11,635	13,704
- Cash & Cash Equivalents	41	23	17	32	61	34	74	105	61	1,224	115	103	119	126	138
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	269	287	268	295	302	74	69	81	79	89	109	49	53	97	134
+ Total Debt	3,654	3,730	3,309	3,279	3,431	4,136	4,040	3,999	4,311	4,194	4,559	5,271	5,367	4,955	5,167
Enterprise Value	- -	- -	11,472	14,704	15,557	14,418	14,824	14,540	16,761	14,676	14,614	15,124	15,460	16,561	18,866
Total Capital	6,219	6,730	6,827	7,309	7,983	8,743	9,098	9,469	9,894	10,601	10,758	11,241	11,569	11,718	12,576
Total Debt/Capital (%)	58.75	55.42	48.47	44.86	42.98	47.31	44.4	42.23	43.57	39.57	42.38	46.89	46.39	42.29	41.08
Total Debt / EV	- -	- -	0.29	0.22	0.22	0.29	0.27	0.28	0.26	0.29	0.31	0.35	0.35	0.3	0.27
EV/Sales	- -	- -	1.56	1.79	1.72	1.48	1.42	1.35	1.47	1.27	1.16	1.13	1.08	1.05	1.09
EV/EBITDA	- -	- -	8.48	10.22	9.38	8.49	8.58	8.93	9.82	7.85	7.71	9.54	8.87	7.31	7.22
EV/EBIT	- -	- -	11.3	13.83	12.35	11.25	11.58	12.37	13.78	10.8	10.72	15.07	13.15	9.85	9.46
EV/Cash Flow to Firm	- -	- -	12.01	13.36	13.75	10.27	11.07	10.47	10.71	6.01	15.42	13.85	10.84	7.5	9.52
EV/Free Cash Flow to Firm	- -	- -	19.65	55.54	71.21	57.96	20.33	25.21	18.43	8.6	158.96	42.21	22.64	13.09	20.04
Diluted Market Cap	- -	- -	7,996	11,370	12,175	10,427	11,030	10,843	12,767	11,688	10,923	10,355	10,605	12,157	14,466
Diluted Enterprise Value	- -	- -	11,557	14,911	15,847	14,603	15,064	14,817	17,095	14,747	15,475	15,573	15,905	17,083	19,629
EV per Share	- -	- -	116.69	148.96	158.27	149.2	157.32	159.16	193.31	172.53	189.56	214.13	230.12	254.87	308.95
TTM Sales	6,760	6,961	7,368	8,205	9,043	9,766	10,410	10,772	11,378	11,559	12,642	13,399	14,282	15,828	17,365
TTM EBITDA	1,193	1,251	1,353	1,439	1,658	1,698	1,728	1,628	1,706	1,869	1,896	1,585	1,743	2,267	2,613
TTM Operating Income	897	942	954	1,072	1,244	1,276	1,280	1,175	1,216	1,358	1,363	1,004	1,175	1,682	1,994
TTM Cash Flow to Firm	817	883	955	1,101	1,131	1,404	1,339	1,388	1,565	2,441	948	1,092	1,426	2,209	1,981
TTM Free Cash Flow to Firm	502	-8	584	265	218	249	729	577	909	1,707	92	358	683	1,265	941

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	- -	- -	15.58	56.89	78.4	58.37	17.28	23.42	16.31	7.19	389.59	39.52	20.21	10.82	17.54
EV/EBIT	- -	- -	11.3	13.83	12.35	11.25	11.58	12.37	13.78	10.8	10.72	15.07	13.15	9.85	9.46
Enterprise Value	- -	- -	11,472	14,704	15,557	14,418	14,824	14,540	16,761	14,676	14,614	15,124	15,460	16,561	18,866
Low Price	- -	- -	59.55	73.66	100.99	94.01	94.62	109.85	113.84	65.05	115.59	88.22	114.08	151.02	153.5
EV/Sales	- -	- -	1.56	1.79	1.72	1.48	1.42	1.35	1.47	1.27	1.16	1.13	1.08	1.05	1.09
EV/EBITDA	- -	- -	8.48	10.22	9.38	8.49	8.58	8.93	9.82	7.85	7.71	9.54	8.87	7.31	7.22
Price/Earnings	- -	- -	15.45	20.49	17.55	14.67	14.56	13.84	15.62	12.31	10.86	15.18	14.61	10.43	9.58
Price/Earnings Average	- -	- -	13.69	17.09	18	16.84	14.45	14.48	14.76	10.3	11.69	13.01	13.19	11.06	8.11
Price/Earnings High	- -	- -	15.94	20.79	21.59	19.25	16.35	16.76	17	13.31	13.63	16.8	15.18	14.07	10.5
Price/Earnings Low	- -	- -	11.43	13.35	14.66	13.01	12.03	13.14	12.4	5.86	9.62	9.55	11.02	8.8	6.56
Price/Book Value	- -	- -	2.43	2.99	2.8	2.26	2.16	1.96	2.26	1.84	1.65	1.67	1.65	1.75	1.88
Price/Book Value Average	- -	- -	2.16	2.49	2.87	2.59	2.15	2.05	2.13	1.54	1.78	1.43	1.49	1.85	1.59
Price/Book Value High	- -	- -	2.51	3.03	3.44	2.96	2.43	2.38	2.46	1.99	2.07	1.85	1.72	2.35	2.06
Price/Book Value Low	- -	- -	1.8	1.95	2.34	2	1.79	1.86	1.79	0.88	1.46	1.05	1.25	1.47	1.29
Price/Tangible Book Value	- -	- -	39.37	25.1	18.19	13.67	9.27	6.84	7.61	4.77	4.73	4.93	4.58	4.26	4.17
Price/Tangible Book Value Average	- -	- -	34.89	20.93	18.65	15.69	9.19	7.16	7.19	3.99	5.09	4.22	4.14	4.51	3.53
Price/Tangible Book Value High	- -	- -	40.63	25.47	22.37	17.94	10.41	8.29	8.28	5.16	5.94	5.45	4.76	5.74	4.57
Price/Tangible Book Value Low	- -	- -	29.13	16.35	15.19	12.13	7.66	6.5	6.04	2.27	4.19	3.1	3.46	3.59	2.85
Price/Sales	- -	- -	1.07	1.36	1.32	1.05	1.05	1	1.12	1	0.85	0.77	0.73	0.75	0.82
Price/Sales Average	- -	- -	0.95	1.14	1.35	1.21	1.04	1.05	1.06	0.84	0.92	0.66	0.66	0.8	0.7
Price/Sales High	- -	- -	1.11	1.38	1.62	1.38	1.18	1.21	1.22	1.09	1.07	0.85	0.76	1.02	0.9
Price/Sales Low	- -	- -	0.79	0.89	1.1	0.94	0.87	0.95	0.89	0.48	0.75	0.48	0.55	0.64	0.56
Price/Cash Flow	- -	- -	8.92	10.79	11.18	7.72	8.78	8.46	8.85	4.92	12.19	10.3	8.27	5.76	7.65
Price/Cash Flow Average	- -	- -	7.91	9	11.47	8.87	8.71	8.86	8.36	4.12	13.12	8.82	7.47	6.11	6.48
Price/Cash Flow High	- -	- -	9.21	10.95	13.75	10.14	9.86	10.25	9.63	5.32	15.3	11.39	8.59	7.78	8.39
Price/Cash Flow Low	- -	- -	6.6	7.03	9.34	6.85	7.25	8.04	7.02	2.34	10.79	6.48	6.24	4.86	5.23
Price/Free Cash Flow Average	- -	- -	13.81	47.44	80.42	67.01	17.15	24.5	15.41	6.01	419.45	33.86	18.25	11.47	14.85
Price/Free Cash Flow High	- -	- -	16.08	57.72	96.42	76.59	19.41	28.37	17.75	7.78	489	43.73	21	14.6	19.22
Price/Free Cash Flow Low	- -	- -	11.53	37.06	65.48	51.78	14.28	22.24	12.95	3.42	345.05	24.86	15.25	9.13	12
EV/Sales Average	- -	- -	1.43	1.57	1.75	1.63	1.42	1.4	1.41	1.11	1.22	1.02	1.01	1.09	0.97
EV/Sales High	- -	- -	1.59	1.81	2.02	1.8	1.55	1.56	1.57	1.35	1.36	1.21	1.11	1.3	1.16
EV/Sales Low	- -	- -	1.28	1.32	1.5	1.36	1.24	1.3	1.25	0.74	1.06	0.85	0.91	0.93	0.84
EV/EBITDA Average	- -	- -	7.81	8.93	9.57	9.38	8.53	9.23	9.42	6.84	8.11	8.65	8.3	7.61	6.42
EV/EBITDA High	- -	- -	8.67	10.33	11.03	10.37	9.35	10.3	10.47	8.36	9.06	10.21	9.1	9.1	7.72
EV/EBITDA Low	- -	- -	6.96	7.51	8.2	7.81	7.49	8.6	8.32	4.6	7.1	7.22	7.44	6.5	5.56
EV/EBIT Average	- -	- -	10.41	12.09	12.6	12.43	11.51	12.79	13.22	9.41	11.29	13.66	12.31	10.26	8.41
EV/EBIT High	- -	- -	11.55	13.98	14.52	13.75	12.62	14.27	14.69	11.5	12.6	16.12	13.49	12.26	10.12
EV/EBIT Low	- -	- -	9.27	10.17	10.8	10.35	10.12	11.92	11.68	6.33	9.88	11.41	11.03	8.76	7.29
Last Price	- -	- -	80.48	113.08	120.91	105.99	114.51	115.66	143.39	136.56	130.51	140.25	151.23	179.05	224.42
High Price	- -	- -	83.05	114.73	148.7	139.07	128.59	140.14	156.05	147.72	163.81	155.2	157.17	241.53	245.91
Enterprise Value Average	- -	- -	10,571	12,850	15,862	15,933	14,739	15,029	16,077	12,778	15,385	13,706	14,473	17,259	16,764
Enterprise Value High	- -	- -	11,725	14,867	18,288	17,614	16,151	16,776	17,859	15,625	17,181	16,180	15,859	20,620	20,179
Enterprise Value Low	- -	- -	9,414	10,813	13,599	13,260	12,950	14,009	14,199	8,592	13,463	11,449	12,964	14,739	14,535

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	97	98	98	99	98	97	94	91	87	85	77	71	67	65	61
Diluted Weighted Avg Shares	99	98	99	101	101	98	96	94	89	86	84	74	70	68	64
Basic Weighted Avg Shares	97	97	98	99	99	97	96	93	89	85	83	73	69	67	64
Revenue per Share	69.55	71.9	75.16	83.03	91.54	100.47	108.83	115.49	128.19	135.89	153.2	183.26	206.03	237.82	273.11
EBITDA per Share	12.27	12.92	13.8	14.56	16.78	17.47	18.07	17.46	19.22	21.97	22.98	21.68	25.15	34.06	41.09
Operating Income per Share	9.23	9.73	9.74	10.84	12.59	13.13	13.38	12.6	13.7	15.97	16.52	13.73	16.96	25.27	31.36
Basic EPS, GAAP	4.1	4.58	5.21	5.52	6.89	7.23	7.87	8.36	9.18	11.1	12.02	9.24	10.35	17.16	23.42
Basic EPS from Cont Ops	4.62	5.05	5.65	6.12	7.6	7.69	8.06	8.55	9.32	11.2	11.97	8.99	10.38	17.48	23.77
Diluted EPS, GAAP	4.04	4.54	5.14	5.42	6.76	7.14	7.81	8.32	9.15	11.03	11.85	9.15	10.24	16.82	23.1
Diluted EPS from Cont Ops	4.56	5.01	5.58	6.02	7.46	7.59	8.01	8.51	9.29	11.13	11.8	8.9	10.26	17.13	23.44
Dividend per Share	0.2	0.6	0.2	0.3	0.4	0.4	0.4	0.4	0.6	0.2	0.8	0.8	0.8	0.8	0.81
Cash Flow per Share	7.31	8.25	9.02	10.48	10.81	13.72	13.04	13.67	16.21	27.75	10.71	13.62	18.29	31.06	29.32
Free Cash Flow per Basic Share	4.07	-0.95	5.23	2.02	1.57	1.84	6.67	4.96	8.82	19.12	0.34	3.58	7.57	16.88	12.97
Cash & Equivalents per Share	0.43	0.24	0.18	0.32	0.62	0.35	0.79	1.15	0.71	14.4	1.5	1.46	1.78	1.94	2.26
Book Value per Share	23.77	27.8	33.06	37.85	43.23	46.91	52.95	59	63.48	74.26	78.99	83.83	91.53	102.59	119.15
Tangible Book Value per Share	-3.43	-3.31	2.04	4.51	6.65	7.75	12.36	16.91	18.85	28.62	27.59	28.47	32.99	42.07	53.81