WEC Energy Group, Inc. Financial Ratios — WIC 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 (%)	13.45	13.39	13.7	13.5	9.74	10.68	13.09	11.01	11.4	11.66	12.16	12.63	11.53	12.66	11.98
Return on Assets (%)	3.91	3.88	3.98	3.97	2.89	3.16	3.9	3.26	3.32	3.34	3.42	3.49	3.11	3.35	3.15
Return on Capital (%)	7.49	7.53	7.79	7.7	5.83	6.24	7.67	6.85	7.11	6.74	6.63	6.57	6.57	7.01	6.89
Return on Invested Capital (%)	6.48	6.89	7.25	7.24	5.22	5.57	6.84	6.05	6.22	6.03	5.8	5.67	5.57	5.91	6.03
Gross Margin (%)	29.67	34.99	34.01	32.52	33.36	35.51	36.21	32.7	35.35	39.91	36.07	34.39	40.5	44.02	42.18
EBITDA Margin (%)	27.28	32.31	32.66	30.6	30.95	32.91	33.66	30.13	32.67	37.04	33.54	31.75	35.67	40.78	37.99
Operating Margin (%)	19.78	23.56	23.9	22.25	21.1	22.7	23.22	19.12	20.36	23.56	20.62	20.05	23.47	25.17	24.23
Incremental Operating Margin (%)	96.97	- -	29.27	6.69	14.9	28.83	45.29	- -	- -	- -	0.82	16.33	- -	- -	17.5
Pretax Margin (%)	17.31	20.08	20.28	19.04	18.12	20.16	20.77	16.02	16.74	19.74	18.02	18.05	17.28	20.31	17.08
Profit Margin (%)	11.73	12.87	12.8	11.8	10.8	12.58	15.75	13.81	15.09	16.59	15.65	14.68	14.99	17.77	15.9
Net Income to Common Margin (%)	11.73	12.87	12.78	11.77	10.77	12.57	15.74	13.79	15.07	16.57	15.64	14.67	14.97	17.76	15.89
Effective Tax Rate (%)	33.98	35.93	36.87	38.03	40.39	37.6	24.14	13.8	9.92	15.94	13.36	18.64	13.32	12.71	7.05
Dvd Payout Ratio (%)	47.19	50.58	56.75	59.63	71.04	66.42	54.44	65.71	65.6	66.37	65.95	65.06	73.95	69.45	73.92
Sustainable Growth Rate (%)	7.1	6.62	5.92	5.45	2.82	3.59	5.96	3.77	3.92	3.92	4.14	4.41	3	3.87	3.12

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	5,317	5,261	5,243	5,212	10,377	10,176	11,033	11,799	12,735	14,291	15,590	17,295	18,798	20,327	22,314
ST Debt	703	807	880	1,042	1,253	1,017	2,287	1,805	1,524	2,563	2,066	2,528	3,285	2,846	3,444
LT Debt	4,614	4,454	4,363	4,171	9,124	9,158	8,747	9,994	11,211	11,728	13,524	14,766	15,513	17,481	18,870
Total Debt/EBITDA	4.34	3.83	3.55	3.41	5.66	4.14	4.29	5.1	5.18	5.33	5.59	5.68	5.93	5.8	5.99
Net Debt/EBITDA	4.33	3.81	3.53	3.37	5.63	4.12	4.27	5.06	5.15	5.3	5.54	5.61	5.87	5.71	5.89
Total Debt/EBIT	5.99	5.26	4.85	4.69	8.3	6	6.21	8.04	8.32	8.38	9.09	8.99	9.85	9.44	9.94
Net Debt/EBIT	5.98	5.22	4.83	4.63	8.26	5.98	6.19	7.98	8.26	8.32	9.01	8.88	9.75	9.3	9.76
EBITDA to Interest Expense	5.19	5.53	5.88	6.36	5.53	6.11	6.19	5.2	4.9	5.43	5.92	5.91	4.36	4.3	4.16
EBITDA-CapEx/Interest Expense	5.19	5.53	5.88	6.36	5.53	6.11	6.19	5.2	4.9	5.43	5.92	5.88	4.36	4.3	4.16
EBIT to Interest Expense	3.76	4.03	4.3	4.63	3.77	4.21	4.27	3.3	3.05	3.46	3.64	3.74	2.87	2.66	2.65
Interest Expense	236	248	251	240	331	403	416	445	502	494	471	515	727	815	895
Common Equity/Total Assets	28.81	29.16	28.87	29.86	29.48	29.64	29.95	29.24	28.94	28.28	27.99	27.17	26.68	26.17	26.42
Long-Term Debt/Equity (%)	115.54	106.92	102.34	93.72	105.05	102.21	92.15	101.54	109.33	109.99	121.69	127.11	128.51	136.55	134.28
Long-Term Debt/Capital (%)	49.56	47.25	45.9	43.16	47.87	47.86	42.61	46.18	48.77	47	50.64	51.07	50.25	52.77	51.89
Long-Term Debt/Total Assets (%)	33.29	31.18	29.54	27.98	31.08	30.4	27.69	29.85	32.08	31.67	34.69	35.27	35.3	36.91	36.63
Total Debt/Equity (%)	133.13	126.29	122.97	117.13	119.48	113.56	116.24	119.88	124.19	134.03	140.28	148.88	155.72	158.78	158.79
Total Debt/Capital (%)	57.11	55.81	55.15	53.94	54.44	53.18	53.76	54.52	55.39	57.27	58.38	59.82	60.89	61.36	61.36
Total Debt/Total Assets (%)	38.35	36.83	35.5	34.97	35.35	33.78	34.93	35.25	36.44	38.59	39.99	41.3	42.78	42.92	43.31
Net Debt to Equity	132.78	125.43	122.36	115.74	118.9	113.15	115.83	119.02	123.37	133.2	138.97	147.05	154.16	156.34	155.94
Net Debt/Capital (%)	57.04	55.64	55.03	53.65	54.32	53.08	53.67	54.34	55.12	56.97	57.87	59.15	60.37	60.43	60.31
EBITDA	1,224	1,372	1,476	1,529	1,834	2,459	2,575	2,314	2,458	2,682	2,789	3,047	3,172	3,507	3,723
EBITDA-CapEx	1,224	1,372	1,476	1,529	1,834	2,459	2,575	2,314	2,458	2,682	2,789	3,028	3,172	3,507	3,723
Operating Income (Loss)	887	1,000	1,080	1,112	1,251	1,696	1,776	1,468	1,531	1,706	1,715	1,924	2,087	2,165	2,375

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	0.01	0.02	0.02	0.04	0.02	0.02	0.01	0.03	0.01	0.01	- -	0.01	0.01	- -	- -
Current Ratio	1.05	0.88	1.04	0.77	0.81	0.89	0.57	0.67	0.66	0.5	0.71	0.69	0.55	0.6	0.59
Quick Ratio	0.57	0.42	0.5	0.42	0.4	0.53	0.36	0.41	0.38	0.3	0.41	0.4	0.3	0.35	0.37
CFO/Avg Current Liab	0.64	0.84	0.84	0.76	0.59	0.82	0.66	0.68	0.72	0.6	0.51	0.49	0.62	0.65	0.65
Common Equity/Total Assets	28.81	29.16	28.87	29.86	29.48	29.64	29.95	29.24	28.94	28.28	27.99	27.17	26.68	26.17	26.42
Long-Term Debt/Equity (%)	115.54	106.92	102.34	93.72	105.05	102.21	92.15	101.54	109.33	109.99	121.69	127.11	128.51	136.55	134.28
Long-Term Debt/Capital (%)	49.56	47.25	45.9	43.16	47.87	47.86	42.61	46.18	48.77	47	50.64	51.07	50.25	52.77	51.89
Long-Term Debt/Total Assets (%)	33.29	31.18	29.54	27.98	31.08	30.4	27.69	29.85	32.08	31.67	34.69	35.27	35.3	36.91	36.63
Total Debt/Equity (%)	133.13	126.29	122.97	117.13	119.48	113.56	116.24	119.88	124.19	134.03	140.28	148.88	155.72	158.78	158.79
Total Debt/Capital (%)	57.11	55.81	55.15	53.94	54.44	53.18	53.76	54.52	55.39	57.27	58.38	59.82	60.89	61.36	61.36
Total Debt/Total Assets (%)	38.35	36.83	35.5	34.97	35.35	33.78	34.93	35.25	36.44	38.59	39.99	41.3	42.78	42.92	43.31
CFO/Total Liabilities	10.07	11.6	11.73	11.47	6.26	9.94	9.41	10.35	9.5	8.33	7.29	6.81	9.47	9.29	9.02
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	107.33	- -	- -	- -
Altman's Z-Score	- -	- -	- -	1.68	1.06	1.23	1.21	1.17	1.32	1.22	1.27	1.22	1.07	1.08	1.1

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	12.93	13.38	13.07	9.52	7.09	6.58	5.9	5.84	6.12	6.09	6.14	5.77	5.35	5.42	5.25
Days Sales Outstanding	28.23	27.28	27.92	38.33	51.49	55.45	61.86	62.54	59.61	59.96	59.44	63.21	68.17	67.32	69.5
Inventory Turnover	8.29	7.43	8.64	9.24	7.26	7.56	8.66	9.51	8.86	8.07	9.13	8.73	6.69	6.06	7.01
Days Inventory Outstanding	44.02	49.1	42.23	39.51	50.26	48.27	42.14	38.39	41.2	45.23	39.97	41.82	54.57	60.22	52.06
Accounts Payable Turnover	9.85	7.89	8.3	9.75	7.19	5.63	5.61	5.96	5.45	4.84	5.75	5.87	5.02	4.77	4.97
Accounts Payable Turnover Days	37.05	46.24	43.97	37.42	50.78	64.85	65.04	61.2	66.94	75.39	63.47	62.18	72.68	76.49	73.47
Cash Conversion Cycle	35.21	30.13	26.18	40.42	50.96	38.87	38.96	39.73	33.88	29.8	35.94	42.85	50.06	51.05	48.1
Inventory to Cash Days	-15.79	-21.82	-14.31	-1.19	1.23	7.18	19.72	24.15	18.41	14.74	19.47	21.39	13.59	7.11	17.43
Inventories	382	361	329	401	687	588	539	548	550	529	636	807	775	813	803
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	382	361	329	401	687	588	539	548	550	529	636	807	775	813	803

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	- -	- -	- -	12,435	16,153	18,400	20,308	21,701	28,975	28,524	30,346	29,936	26,289	29,857	34,041
- Cash & Cash Equivalents	14	36	26	62	50	38	39	85	38	25	16	29	43	10	28
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	30	30	30	30	30	30	30	30	30	30	30
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	23	111	162	170	209	317	377	409
+ Total Debt	5,317	5,261	5,243	5,212	10,377	10,176	11,033	11,799	12,735	14,291	15,590	17,295	18,798	20,327	22,314
Enterprise Value	- -	- -	- -	17,585	26,510	28,568	31,332	33,469	41,813	42,983	46,120	47,441	45,391	50,581	56,767
Total Capital	9,311	9,426	9,506	9,663	19,062	19,136	20,525	21,642	22,990	24,953	26,703	28,911	30,869	33,129	36,367
Total Debt/Capital (%)	57.11	55.81	55.15	53.94	54.44	53.18	53.76	54.52	55.39	57.27	58.38	59.82	60.89	61.36	61.36
Total Debt / EV	- -	- -	- -	0.3	0.39	0.36	0.35	0.35	0.3	0.33	0.34	0.36	0.41	0.4	0.39
EV/Sales	- -	- -	- -	3.52	4.47	3.82	4.1	4.36	5.56	5.94	5.55	4.94	5.1	5.88	5.79
EV/EBITDA	- -	- -	- -	11.5	14.45	11.62	12.17	14.46	17.01	16.03	16.54	15.57	14.31	14.42	15.25
EV/EBIT	- -	- -	- -	15.81	21.2	16.84	17.64	22.79	27.3	25.19	26.89	24.65	23.79	23.5	25.29
EV/Cash Flow to Firm	- -	- -	- -	13.05	17.78	12.13	13.09	11.83	14.95	16.46	18.9	19.13	12.44	12.89	13.48
EV/Free Cash Flow to Firm	- -	- -	- -	13.05	17.78	12.13	13.09	11.83	14.95	16.46	18.9	19.28	12.44	12.89	13.48
Diluted Market Cap	- -	- -	- -	12,544	13,953	18,475	20,412	21,795	29,091	28,621	30,430	29,999	26,328	29,746	33,868
Diluted Enterprise Value	- -	- -	- -	17,695	24,311	28,643	31,437	33,564	41,930	43,079	46,203	47,504	45,430	50,470	56,593
EV per Share	- -	- -	- -	77.98	83.98	90.52	99.29	106.07	132.56	136.27	146.21	150.4	143.9	159.22	174.42
TTM Sales	4,486	4,246	4,519	4,997	5,926	7,472	7,649	7,680	7,523	7,242	8,316	9,597	8,893	8,600	9,800
TTM EBITDA	1,224	1,372	1,476	1,529	1,834	2,459	2,575	2,314	2,458	2,682	2,789	3,047	3,172	3,507	3,723
TTM Operating Income	887	1,000	1,080	1,112	1,251	1,696	1,776	1,468	1,531	1,706	1,715	1,924	2,087	2,165	2,375
TTM Cash Flow to Firm	1,149	1,333	1,391	1,348	1,491	2,355	2,394	2,829	2,797	2,611	2,441	2,480	3,649	3,923	4,211
TTM Free Cash Flow to Firm	1,149	1,333	1,391	1,348	1,491	2,355	2,394	2,829	2,797	2,611	2,441	2,461	3,649	3,923	4,211

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	- -	- -	- -	10.46	10.79	8.78	9.82	8.91	12.4	13.03	14.97	14.69	8.72	9.26	10.02
EV/EBIT	- -	- -	- -	15.81	21.2	16.84	17.64	22.79	27.3	25.19	26.89	24.65	23.79	23.5	25.29
Enterprise Value	- -	- -	- -	17,585	26,510	28,568	31,332	33,469	41,813	42,983	46,120	47,441	45,391	50,581	56,767
Low Price	- -	- -	- -	41.86	44.85	49.9	55.34	56.71	66.12	67.59	80.3	80.9	75.88	75.85	90.9
EV/Sales	- -	- -	- -	3.52	4.47	3.82	4.1	4.36	5.56	5.94	5.55	4.94	5.1	5.88	5.79
EV/EBITDA	- -	- -	- -	11.5	14.45	11.62	12.17	14.46	17.01	16.03	16.54	15.57	14.31	14.42	15.25
Price/Earnings	- -	- -	- -	21.14	21.72	19.59	16.87	20.48	25.55	23.77	23.34	21.26	19.74	19.46	21.62
Price/Earnings Average	- -	- -	- -	17.71	21.18	19.78	16.45	19.4	23.3	24.72	22.16	21.8	20.93	17.93	22.02
Price/Earnings High	- -	- -	- -	21.14	24.42	22.05	18.32	22.41	27.4	28.51	23.95	24.17	23.46	21.22	24.29
Price/Earnings Low	- -	- -	- -	16.05	19.04	16.77	14.51	16.89	18.39	17.77	19.48	18.12	17.97	15.71	18.79
Price/Book Value	- -	- -	- -	2.79	1.87	2.06	2.15	2.22	2.86	2.72	2.78	2.63	2.24	2.41	2.5
Price/Book Value Average	- -	- -	- -	2.34	1.82	2.08	2.09	2.1	2.61	2.83	2.64	2.7	2.38	2.22	2.55
Price/Book Value High	- -	- -	- -	2.79	2.1	2.32	2.33	2.42	3.07	3.27	2.85	2.99	2.67	2.63	2.81
Price/Book Value Low	- -	- -	- -	2.12	1.64	1.76	1.85	1.83	2.06	2.04	2.32	2.24	2.04	1.94	2.17
Price/Tangible Book Value	- -	- -	- -	3.1	2.87	3.13	3.17	3.22	4.1	3.85	3.86	3.6	3.03	3.2	3.22
Price/Tangible Book Value Average	- -	- -	- -	2.6	2.8	3.16	3.09	3.05	3.74	4	3.67	3.69	3.21	2.95	3.28
Price/Tangible Book Value High	- -	- -	- -	3.1	3.22	3.52	3.44	3.52	4.4	4.61	3.96	4.09	3.6	3.48	3.62
Price/Tangible Book Value Low	- -	- -	- -	2.36	2.51	2.68	2.73	2.66	2.95	2.87	3.22	3.07	2.76	2.58	2.8
Price/Sales	- -	- -	- -	2.49	2.34	2.46	2.66	2.83	3.85	3.94	3.65	3.12	2.96	3.46	3.44
Price/Sales Average	- -	- -	- -	2.08	2.28	2.49	2.59	2.68	3.51	4.1	3.46	3.2	3.13	3.18	3.5
Price/Sales High	- -	- -	- -	2.49	2.63	2.77	2.88	3.09	4.13	4.72	3.75	3.55	3.51	3.77	3.86
Price/Sales Low	- -	- -	- -	1.89	2.05	2.11	2.28	2.33	2.77	2.94	3.05	2.66	2.69	2.79	2.99
Price/Cash Flow	- -	- -	- -	10.38	10.72	8.75	9.77	8.87	12.35	12.99	14.93	14.53	8.71	9.25	9.96
Price/Cash Flow Average	- -	- -	- -	8.69	10.46	8.83	9.52	8.4	11.26	13.51	14.17	14.89	9.23	8.53	10.15
Price/Cash Flow High	- -	- -	- -	10.38	12.05	9.84	10.61	9.71	13.25	15.58	15.32	16.51	10.35	10.09	11.2
Price/Cash Flow Low	- -	- -	- -	7.88	9.4	7.49	8.4	7.32	8.89	9.71	12.46	12.38	7.93	7.47	8.66
Price/Free Cash Flow Average	- -	- -	- -	8.76	10.52	8.87	9.57	8.44	11.31	13.56	14.21	15.07	9.25	8.53	10.21
Price/Free Cash Flow High	- -	- -	- -	10.46	12.13	9.88	10.66	9.75	13.3	15.63	15.37	16.71	10.37	10.1	11.26
Price/Free Cash Flow Low	- -	- -	- -	7.94	9.46	7.52	8.45	7.35	8.93	9.74	12.5	12.53	7.94	7.47	8.71
EV/Sales Average	- -	- -	- -	3.11	4.41	3.85	4.03	4.21	5.22	6.09	5.36	5.02	5.28	5.61	5.86
EV/Sales High	- -	- -	- -	3.52	4.81	4.13	4.32	4.62	5.84	6.72	5.64	5.37	5.66	6.2	6.22
EV/Sales Low	- -	- -	- -	2.92	4.14	3.47	3.72	3.86	4.48	4.94	4.94	4.48	4.84	5.21	5.34
EV/EBITDA Average	- -	- -	- -	10.18	14.23	11.69	11.97	13.97	15.98	16.45	15.99	15.82	14.81	13.75	15.42
EV/EBITDA High	- -	- -	- -	11.5	15.55	12.56	12.85	15.34	17.87	18.15	16.82	16.92	15.87	15.19	16.38
EV/EBITDA Low	- -	- -	- -	9.54	13.37	10.54	11.06	12.82	13.71	13.34	14.74	14.12	13.57	12.78	14.05
EV/EBIT Average	- -	- -	- -	14	20.88	16.95	17.35	22.01	25.64	25.86	26	25.05	24.62	22.41	25.57
EV/EBIT High	- -	- -	- -	15.81	22.8	18.2	18.62	24.18	28.67	28.53	27.36	26.78	26.39	24.75	27.16
EV/EBIT Low	- -	- -	- -	13.12	19.61	15.28	16.04	20.2	22	20.97	23.97	22.36	22.56	20.82	23.3
Last Price	- -	- -	- -	55.14	51.17	58.3	64.35	68.78	91.86	90.43	96.2	94.9	83.34	93.98	104.59
High Price	- -	- -	- -	55.14	57.52	65.6	69.86	75.23	98.5	108.48	98.75	107.89	99.05	102.47	117.54
Enterprise Value Average	- -	- -	- -	15,566	26,106	28,745	30,820	32,324	39,262	44,126	44,588	48,201	46,976	48,238	57,399
Enterprise Value High	- -	- -	- -	17,585	28,515	30,872	33,072	35,505	43,909	48,677	46,923	51,539	50,348	53,278	60,982
Enterprise Value Low	- -	- -	- -	14,591	24,517	25,917	28,489	29,662	33,694	35,779	41,105	43,023	43,039	44,821	52,310

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	230	229	226	226	316	316	316	316	315	315	315	315	315	318	325
Diluted Weighted Avg Shares	235	233	230	228	273	317	317	317	317	317	316	316	316	317	324
Basic Weighted Avg Shares	233	230	228	226	271	316	316	316	315	315	315	315	315	316	322
Revenue per Share	19.29	18.45	19.86	22.15	21.86	23.68	24.23	24.34	23.85	22.96	26.37	30.43	28.2	27.2	30.44
EBITDA per Share	5.26	5.96	6.49	6.78	6.77	7.79	8.16	7.34	7.79	8.5	8.84	9.66	10.06	11.09	11.57
Operating Income per Share	3.81	4.35	4.75	4.93	4.61	5.37	5.63	4.65	4.86	5.41	5.44	6.1	6.62	6.85	7.38
Basic EPS, GAAP	2.26	2.37	2.54	2.61	2.36	2.98	3.81	3.36	3.6	3.8	4.12	4.46	4.22	4.83	4.84
Basic EPS from Cont Ops	2.2	2.37	2.54	2.61	2.36	2.98	3.82	3.36	3.6	3.81	4.12	4.47	4.22	4.82	4.83
Diluted EPS, GAAP	2.24	2.35	2.51	2.59	2.34	2.96	3.79	3.34	3.58	3.79	4.11	4.45	4.22	4.83	4.81
Diluted EPS from Cont Ops	2.18	2.35	2.52	2.59	2.35	2.97	3.8	3.35	3.58	3.8	4.11	4.46	4.22	4.82	4.8
Dividend per Share	1.04	1.2	1.45	1.56	1.68	1.98	2.08	2.21	2.36	2.53	2.71	2.91	3.12	3.34	3.57
Cash Flow per Share	4.27	5.1	5.41	5.31	4.77	6.67	6.59	7.75	7.44	6.96	6.44	6.53	9.57	10.16	10.5
Free Cash Flow per Basic Share	4.27	5.1	5.41	5.31	4.77	6.67	6.59	7.75	7.44	6.96	6.44	6.47	9.57	10.16	10.5
Cash & Equivalents per Share	0.06	0.16	0.12	0.27	0.16	0.12	0.12	0.27	0.12	0.08	0.05	0.09	0.14	0.03	0.08
Book Value per Share	17.33	18.19	18.87	19.73	27.42	28.29	29.98	31.02	32.06	33.19	34.6	36.07	37.17	39.02	41.83
Tangible Book Value per Share	15.41	16.26	16.91	17.77	17.84	18.64	20.31	21.35	22.38	23.51	24.92	26.39	27.49	29.41	32.45