Vulcan Materials Company (Holding Company) Financial Ratios — VMC

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 (%)	-1.83	-1.39	0.63	5.05	5.13	9.29	12.6	10.14	11.41	10.04	10.67	8.54	12.95	11.69	12.94
Return on Assets (%)	-0.85	-0.64	0.3	2.51	2.71	5	6.69	5.33	6.03	5.23	5.29	4.12	6.48	5.76	6.37
Return on Capital (%)	- -	- -	- -	5.92	6	8.05	- -	7.91	8.57	7.48	7.56	6.23	9.25	8.2	9.21
Return on Invested Capital (%)	- -	- -	- -	5.92	6.21	7.92	- -	7.8	8.53	7.65	7.5	6.37	9.29	8.3	9.21
Gross Margin (%)	11.07	13.01	15.41	19.62	25.06	27.53	25.54	25.12	25.48	26.39	24.74	21.29	25.04	26.96	27.38
EBITDA Margin (%)	16.26	15.92	17.57	26.92	23.76	26.47	24.29	24.96	25.4	26.36	26.31	20.84	26.09	26.72	29.56
Operating Margin (%)	-0.69	1.01	5.51	9.92	15.78	18.11	15.97	16.72	17.32	18.36	16.13	13.79	17.72	18.86	19.74
Incremental Operating Margin (%)	283.07	1,580.58	62.33	64.6	56.74	64.89	- -	22.65	22.14	- -	0.52	6.43	79.43	- -	32.17
Pretax Margin (%)	-5.99	-4.69	-0.13	9.98	9.58	15.23	9.29	14.22	15.37	15.31	15.74	10.77	16	15.8	17.51
Profit Margin (%)	-2.76	-2.05	0.88	6.84	6.46	11.68	15.45	11.77	12.53	12.03	12.08	7.87	11.99	12.29	13.56
Net Income to Common Margin (%)	-2.76	-2.05	0.88	6.84	6.46	11.68	15.45	11.77	12.53	12.03	12.08	7.87	11.99	12.29	13.56
Effective Tax Rate (%)	- -	- -	- -	30.68	28.96	22.81	- -	16.92	17.84	20.95	22.9	24.49	24.05	21.45	22.12
Dvd Payout Ratio (%)	-130.45	-9.61	25.01	13.94	22.85	25.17	22.3	28.6	26.35	30.65	29.17	35.67	24.11	26.51	23.97
Sustainable Growth Rate (%)	-4.21	-1.53	0.47	4.35	3.95	6.95	9.79	7.24	8.41	6.96	7.56	5.5	9.83	8.59	9.84

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	2,815	2,677	2,522	1,985	1,980	1,983	2,855	2,912	3,172	3,687	4,523	4,524	4,385	5,829	4,885
ST Debt	135	151	- -	150	- -	- -	41	133	- -	515	5	101	1	401	- -
LT Debt	2,681	2,526	2,522	1,835	1,980	1,983	2,813	2,779	3,172	3,172	4,517	4,424	4,385	5,428	4,884
Total Debt/EBITDA	6.75	6.55	5.18	2.46	2.44	2.09	3.02	2.66	2.53	2.88	3.1	2.97	2.16	2.94	2.08
Net Debt/EBITDA	6.38	5.87	4.78	2.29	2.09	1.81	2.87	2.63	2.01	1.63	2.5	2.5	1.45	2.4	1.78
Total Debt/EBIT	44.38	31.58	13.25	3.69	3.6	2.98	4.47	3.9	3.62	4.12	4.47	4.76	3.07	4.27	3.02
Net Debt/EBIT	41.92	28.33	12.23	3.43	3.09	2.59	4.25	3.84	2.86	2.33	3.61	4.01	2.06	3.48	2.58
EBITDA to Interest Expense	1.89	1.92	2.4	3.31	3.69	7.09	3.2	7.93	9.62	9.41	9.78	9.01	10.35	10.37	9.79
EBITDA-CapEx/Interest Expense	1.44	1.48	1.04	2.39	2.37	4.48	1.64	4.53	6.67	6.75	6.76	5.39	5.9	7.21	6.97
EBIT to Interest Expense	-0.08	0.12	0.75	1.22	2.45	4.85	2.1	5.31	6.56	6.56	6	5.96	7.03	7.32	6.54
Interest Expense	221	213	203	243	221	134	296	138	130	136	149	169	196	191	240
Common Equity/Total Assets	46.07	46.28	47.68	51.94	53.65	53.97	52.28	52.92	52.79	51.57	47.83	48.67	51.45	47.46	51.05
Long-Term Debt/Equity (%)	70.7	67.17	64.05	43.93	44.46	43.36	56.62	53.42	56.43	52.62	68.78	63.63	58.4	66.67	57.13
Long-Term Debt/Capital (%)	40.57	39.24	39.04	29.78	30.78	30.25	35.96	34.25	36.07	32.65	40.73	38.55	36.87	38.85	36.36
Long-Term Debt/Total Assets (%)	32.57	31.09	30.54	22.82	23.85	23.41	29.6	28.27	29.79	27.14	33.01	31.08	30.14	31.74	29.25
Total Debt/Equity (%)	74.25	71.18	64.05	47.52	44.46	43.37	57.45	55.98	56.43	61.17	68.86	65.07	58.41	71.58	57.14
Total Debt/Capital (%)	42.61	41.58	39.04	32.21	30.78	30.25	36.49	35.89	36.07	37.96	40.78	39.42	36.87	41.72	36.36
Total Debt/Total Assets (%)	34.21	32.94	30.54	24.68	23.86	23.41	30.04	29.62	29.79	31.55	33.05	31.78	30.15	34.08	29.25
Net Debt to Equity	70.14	63.85	59.13	44.14	38.09	37.7	54.6	55.21	44.7	34.68	55.5	54.86	39.25	58.31	48.88
Net Debt/Capital (%)	41.23	38.97	37.16	30.62	27.58	27.38	35.32	35.57	29.48	24.54	33.58	33.71	26.88	35.4	31.54
EBITDA	417	409	487	806	813	951	945	1,094	1,252	1,280	1,461	1,525	2,031	1,982	2,347
EBITDA-CapEx	318	315	211	581	524	601	485	625	868	918	1,009	912	1,158	1,379	1,670
Operating Income (Loss)	-18	26	153	297	540	650	621	733	854	892	895	1,009	1,379	1,399	1,567

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	0.38	0.63	0.65	0.31	0.8	0.7	0.32	0.07	0.51	1.14	0.31	0.17	1.17	0.45	0.19
Current Ratio	2.12	2.26	3.18	2.04	3.07	3.05	2.66	1.79	2.58	2.17	2.21	1.99	3.17	1.83	2.69
Quick Ratio	1.16	1.31	1.78	1.14	1.99	2.02	1.65	0.96	1.57	1.67	1.4	1.26	2.28	1.17	1.12
CFO/Avg Current Liab	0.34	0.57	0.97	0.7	1.29	1.78	1.58	1.59	1.73	1.35	1.11	1.33	1.75	1.38	1.65
Common Equity/Total Assets	46.07	46.28	47.68	51.94	53.65	53.97	52.28	52.92	52.79	51.57	47.83	48.67	51.45	47.46	51.05
Long-Term Debt/Equity (%)	70.7	67.17	64.05	43.93	44.46	43.36	56.62	53.42	56.43	52.62	68.78	63.63	58.4	66.67	57.13
Long-Term Debt/Capital (%)	40.57	39.24	39.04	29.78	30.78	30.25	35.96	34.25	36.07	32.65	40.73	38.55	36.87	38.85	36.36
Long-Term Debt/Total Assets (%)	32.57	31.09	30.54	22.82	23.85	23.41	29.6	28.27	29.79	27.14	33.01	31.08	30.14	31.74	29.25
Total Debt/Equity (%)	74.25	71.18	64.05	47.52	44.46	43.37	57.45	55.98	56.43	61.17	68.86	65.07	58.41	71.58	57.14
Total Debt/Capital (%)	42.61	41.58	39.04	32.21	30.78	30.25	36.49	35.89	36.07	37.96	40.78	39.42	36.87	41.72	36.36
Total Debt/Total Assets (%)	34.21	32.94	30.54	24.68	23.86	23.41	30.04	29.62	29.79	31.55	33.05	31.78	30.15	34.08	29.25
CFO/Total Liabilities	3.81	5.46	8.25	6.75	13.5	16.53	14.21	17.99	19.58	18.91	14.22	15.77	21.84	15.73	22.24
CFO/CapEx	1.71	2.55	1.29	1.16	1.8	1.84	1.4	1.78	2.56	2.96	2.24	1.87	1.76	2.34	2.68
Altman's Z-Score	- -	2.08	2.37	2.94	3.83	4.55	4.08	3.6	4.27	3.86	4.11	3.89	4.68	4.1	4.78

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	8.21	8.9	9.22	8.83	9.1	9.03	9.35	9.26	9.44	9.3	8.57	8	8.04	8.33	8.92
Days Sales Outstanding	44.44	41	39.58	41.34	40.11	40.42	39.06	39.41	38.66	39.26	42.6	45.62	45.38	43.84	40.91
Inventory Turnover	7.04	6.74	6.9	7.22	7.67	7.52	7.94	8.07	8.28	7.88	8.62	10.46	9.76	8.35	8.47
Days Inventory Outstanding	51.81	54.15	52.92	50.54	47.6	48.55	45.99	45.25	44.1	46.29	42.36	34.89	37.38	43.7	43.11
Accounts Payable Turnover	22.19	20.63	18.63	16.76	16.14	16.23	17.15	16.08	15.37	13.25	13.32	14.18	13.89	13.76	13.64
Accounts Payable Turnover Days	16.45	17.7	19.59	21.78	22.61	22.5	21.29	22.7	23.74	27.55	27.41	25.73	26.27	26.53	26.76
Cash Conversion Cycle	79.8	77.45	72.9	70.1	65.1	66.48	63.76	61.95	59.02	58.01	57.55	54.77	56.49	61.01	57.26
Inventory to Cash Days	-7.37	-13.16	-13.34	-9.19	-7.48	-8.13	-6.93	-5.84	-5.44	-7.03	0.24	10.73	8	0.14	-2.21
Inventories	328	335	345	322	347	346	384	429	458	449	521	579	616	682	681
Raw Materials	63	66	67	45	48	51	55	54	61	66	99	134	115	138	117
Work In Process	4	6	7	1	1	1	2	3	6	5	4	6	7	9	5
Finished Goods	261	263	271	275	298	294	328	373	392	378	418	439	494	535	558
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	- -	6,634	7,607	8,758	12,523	16,697	16,838	12,858	18,980	18,749	27,346	23,122	29,296	34,369	37,748
- Cash & Cash Equivalents	156	275	194	141	284	259	142	40	272	1,197	235	161	931	560	183
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23	24	25	24	24
+ Total Debt	2,815	2,677	2,522	1,985	1,980	1,983	2,855	2,912	3,172	3,687	4,523	4,524	4,385	5,829	4,885
Enterprise Value	- -	9,036	9,935	10,601	14,219	18,421	19,551	15,730	21,881	21,239	31,656	27,508	32,774	39,662	42,474
Total Capital	6,607	6,438	6,461	6,161	6,435	6,555	7,824	8,115	8,794	9,715	11,090	11,476	11,893	13,971	13,434
Total Debt/Capital (%)	42.61	41.58	39.04	32.21	30.78	30.25	36.49	35.89	36.07	37.96	40.78	39.42	36.87	41.72	36.36
Total Debt / EV	- -	0.3	0.25	0.19	0.14	0.11	0.15	0.19	0.14	0.17	0.14	0.16	0.13	0.15	0.12
EV/Sales	- -	3.52	3.59	3.54	4.15	5.13	5.03	3.59	4.44	4.37	5.7	3.76	4.21	5.35	5.35
EV/EBITDA	- -	22.1	20.41	13.15	17.49	19.37	20.69	14.38	17.48	16.59	21.67	18.04	16.14	20.01	18.09
EV/EBIT	- -	106.58	52.18	19.7	25.86	27.66	30.59	21.04	24.94	23.71	31.32	28.91	22.96	29.07	26.22
EV/Cash Flow to Firm	- -	- -	- -	24.67	21.03	24.62	- -	16.6	20.05	18.03	28.09	21.56	19.44	25.43	21.24
EV/Free Cash Flow to Firm	- -	- -	- -	51.75	36.74	46.29	- -	32.89	30.95	26.04	46.85	41.47	40.31	41.48	32.13
Diluted Market Cap	- -	6,636	7,681	8,830	12,703	17,132	17,163	13,069	19,125	18,852	27,511	23,244	29,650	34,640	38,355
Diluted Enterprise Value	- -	9,037	10,009	10,673	14,400	18,856	19,876	15,942	22,026	21,342	31,821	27,630	33,129	39,933	43,081
EV per Share	- -	69.66	76.31	80.37	106.77	139.2	147.75	119.38	165.3	160.28	238.55	206.98	248.1	300.33	325.22
TTM Sales	2,565	2,567	2,771	2,994	3,422	3,593	3,890	4,383	4,929	4,857	5,552	7,315	7,782	7,418	7,941
TTM EBITDA	417	409	487	806	813	951	945	1,094	1,252	1,280	1,461	1,525	2,031	1,982	2,347
TTM Operating Income	-18	26	153	297	540	650	621	733	854	892	895	1,009	1,379	1,399	1,567
TTM Cash Flow to Firm	- -	- -	- -	430	676	748	- -	947	1,091	1,178	1,127	1,276	1,686	1,560	2,000
TTM Free Cash Flow to Firm	- -	- -	- -	205	387	398	- -	478	707	816	676	663	813	956	1,322

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	- -	45.73	94.68	244.22	55.17	58.19	92.71	35.94	31.88	26.62	49.07	43.4	44.64	42.97	33.78
EV/EBIT	- -	106.58	52.18	19.7	25.86	27.66	30.59	21.04	24.94	23.71	31.32	28.91	22.96	29.07	26.22
Enterprise Value	- -	9,036	9,935	10,601	14,219	18,421	19,551	15,730	21,881	21,239	31,656	27,508	32,774	39,662	42,474
Low Price	- -	45.47	45.13	54.51	64.04	79.33	108.35	84.4	94.47	73.58	144.29	138.16	159.88	216.48	213.95
EV/Sales	- -	3.52	3.59	3.54	4.15	5.13	5.03	3.59	4.44	4.37	5.7	3.76	4.21	5.35	5.35
EV/EBITDA	- -	22.1	20.41	13.15	17.49	19.37	20.69	14.38	17.48	16.59	21.67	18.04	16.14	20.01	18.09
Price/Earnings	- -	- -	312.15	42.59	56.63	40.06	28.05	25.05	30.71	32.09	40.8	40.2	31.61	37.76	35.44
Price/Earnings Average	- -	- -	278.11	40.33	53.18	35.39	26.96	29.96	27.8	28.53	35	39.16	28.24	36.91	33.25
Price/Earnings High	- -	- -	312.98	44.08	64.32	43.48	30.05	36.07	32.55	34.62	41.46	48.19	32.48	42.37	37.99
Price/Earnings Low	- -	- -	241.13	34.97	38.57	25.19	23.88	21.66	20.23	16.69	28.57	31.92	22.79	31.41	26.23
Price/Book Value	- -	1.76	1.93	2.1	2.81	3.65	3.39	2.47	3.38	3.11	4.18	3.34	3.91	4.23	4.43
Price/Book Value Average	- -	1.72	1.72	1.99	2.64	3.23	3.26	2.96	3.06	2.77	3.58	3.25	3.5	4.14	4.15
Price/Book Value High	- -	1.82	1.94	2.17	3.19	3.96	3.63	3.56	3.58	3.36	4.25	4	4.02	4.75	4.75
Price/Book Value Low	- -	1.57	1.49	1.72	1.91	2.3	2.89	2.14	2.22	1.62	2.93	2.65	2.82	3.52	3.28
Price/Tangible Book Value	- -	-364.81	47.84	27.06	21.13	23.56	21.51	13.65	13.92	10.83	24.88	15.04	11.76	14.04	11.6
Price/Tangible Book Value Average	- -	-355.66	42.62	25.62	19.84	20.81	20.67	16.33	12.6	9.63	21.34	14.66	10.51	13.73	10.88
Price/Tangible Book Value High	- -	-376.26	47.97	28	23.99	25.57	23.04	19.65	14.76	11.68	25.28	18.03	12.09	15.76	12.43
Price/Tangible Book Value Low	- -	-324.31	36.95	22.22	14.39	14.82	18.31	11.8	9.17	5.63	17.42	11.95	8.48	11.68	8.58
Price/Sales	- -	2.58	2.75	2.92	3.66	4.68	4.33	2.95	3.85	3.86	4.93	3.16	3.79	4.64	4.8
Price/Sales Average	- -	2.52	2.45	2.76	3.44	4.13	4.17	3.53	3.48	3.43	4.23	3.08	3.39	4.54	4.51
Price/Sales High	- -	2.67	2.75	3.02	4.16	5.08	4.64	4.24	4.08	4.17	5.01	3.79	3.9	5.21	5.15
Price/Sales Low	- -	2.3	2.12	2.39	2.49	2.94	3.69	2.55	2.54	2.01	3.45	2.51	2.73	3.86	3.56
Price/Cash Flow	- -	27.83	21.35	33.44	24.11	26.07	26.16	15.51	19.28	17.52	27.04	20.15	19.19	24.43	21.04
Price/Cash Flow Average	- -	27.13	19.02	31.66	22.64	23.03	25.14	18.56	17.45	15.58	23.2	19.63	17.15	23.88	19.75
Price/Cash Flow High	- -	28.7	21.41	34.61	27.38	28.3	28.02	22.34	20.43	18.91	27.49	24.16	19.73	27.41	22.56
Price/Cash Flow Low	- -	24.74	16.49	27.45	16.42	16.39	22.27	13.42	12.7	9.11	18.94	16	13.84	20.32	15.58
Price/Free Cash Flow Average	- -	44.58	84.36	231.25	51.81	51.4	89.1	42.98	28.85	23.67	42.1	42.27	39.88	42.01	31.7
Price/Free Cash Flow High	- -	47.16	94.93	252.73	62.65	63.15	99.32	51.75	33.79	28.72	49.88	52.02	45.88	48.22	36.22
Price/Free Cash Flow Low	- -	40.65	73.14	200.5	37.57	36.59	78.95	31.08	21	13.84	34.36	34.46	32.18	35.74	25.01
EV/Sales Average	- -	3.45	3.29	3.39	3.93	4.59	4.86	4.16	4.07	3.94	5	3.68	3.81	5.24	5.06
EV/Sales High	- -	3.6	3.59	3.64	4.65	5.52	5.33	4.88	4.67	4.68	5.78	4.39	4.32	5.91	5.69
EV/Sales Low	- -	3.23	2.96	3.02	2.99	3.4	4.38	3.19	3.13	2.52	4.23	3.11	3.16	4.57	4.11
EV/EBITDA Average	- -	21.7	18.7	12.58	16.55	17.32	19.99	16.69	16.04	14.97	19.01	17.65	14.6	19.62	17.1
EV/EBITDA High	- -	22.61	20.45	13.53	19.58	20.87	21.96	19.55	18.38	17.75	21.98	21.05	16.54	22.13	19.25
EV/EBITDA Low	- -	20.3	16.85	11.21	12.58	12.85	18.04	12.79	12.3	9.56	16.06	14.92	12.11	17.09	13.92
EV/EBIT Average	- -	104.62	47.82	18.84	24.48	24.74	29.57	24.41	22.88	21.39	27.47	28.28	20.77	28.5	24.79
EV/EBIT High	- -	109.04	52.29	20.27	28.95	29.8	32.47	28.61	26.23	25.36	31.76	33.74	23.53	32.14	27.91
EV/EBIT Low	- -	97.89	43.09	16.79	18.6	18.35	26.68	18.71	17.56	13.67	23.21	23.91	17.23	24.83	20.17
Last Price	- -	51.14	58.42	66.39	94.03	126.17	127.25	97.58	143.39	141.49	206.07	173.98	221.77	260.25	289.04
High Price	- -	52.75	58.58	68.71	106.79	136.93	136.31	140.53	151.98	152.64	209.44	208.56	227.92	292.02	309.88
Enterprise Value Average	- -	8,870	9,106	10,136	13,456	16,473	18,895	18,253	20,079	19,158	27,769	26,910	29,650	38,894	40,146
Enterprise Value High	- -	9,244	9,955	10,906	15,918	19,845	20,751	21,389	23,018	22,718	32,104	32,103	33,587	43,857	45,195
Enterprise Value Low	- -	8,299	8,205	9,033	10,225	12,222	17,051	13,993	15,407	12,240	23,458	22,747	24,598	33,881	32,667

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	129	130	130	132	133	132	132	132	132	133	133	133	132	132	131
Diluted Weighted Avg Shares	129	130	131	133	135	136	135	134	133	133	134	134	134	133	133
Basic Weighted Avg Shares	129	130	130	131	133	133	133	132	132	133	133	133	133	132	132
Revenue per Share	19.82	19.79	21.27	22.78	25.69	26.97	29.36	33.1	37.26	36.63	41.81	55	58.51	56.07	60.16
EBITDA per Share	3.22	3.15	3.74	6.13	6.1	7.14	7.13	8.26	9.46	9.66	11	11.46	15.27	14.98	17.78
Operating Income per Share	-0.14	0.2	1.17	2.26	4.05	4.88	4.69	5.53	6.45	6.73	6.74	7.58	10.37	10.57	11.87
Basic EPS, GAAP	-0.55	-0.41	0.19	1.56	1.66	3.15	4.54	3.9	4.67	4.41	5.05	4.33	7.02	6.89	8.16
Basic EPS from Cont Ops	-0.58	-0.42	0.16	1.58	1.75	3.17	4.48	3.91	4.71	4.44	5.07	4.47	7.11	6.96	8.2
Diluted EPS, GAAP	-0.55	-0.41	0.19	1.54	1.64	3.09	4.46	3.85	4.63	4.39	5.02	4.31	6.98	6.85	8.11
Diluted EPS from Cont Ops	-0.58	-0.42	0.16	1.56	1.72	3.11	4.4	3.87	4.67	4.41	5.05	4.45	7.07	6.92	8.16
Dividend per Share	0.76	0.04	0.04	0.22	0.4	0.8	1	1.12	1.24	1.36	1.48	1.6	1.72	1.85	1.97
Cash Flow per Share	1.31	1.84	2.74	1.99	3.9	4.84	4.87	6.29	7.44	8.07	7.62	8.63	11.55	10.65	13.73
Free Cash Flow per Basic Share	0.54	1.12	0.62	0.28	1.73	2.21	1.4	2.75	4.54	5.34	4.22	4.03	4.99	6.09	8.6
Cash & Equivalents per Share	1.21	2.12	1.49	1.07	2.13	1.96	1.07	0.3	2.05	9.03	1.77	1.21	7.05	4.24	1.4
Book Value per Share	29.34	28.99	30.25	31.66	33.45	34.55	37.55	39.49	42.47	45.48	49.32	52.13	56.65	61.48	65.28
Tangible Book Value per Share	0.06	-0.14	1.22	2.45	4.45	5.35	5.92	7.15	10.3	13.07	8.28	11.56	18.86	18.53	24.92