MSCI Inc. Financial Ratios — 3HM 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 (%)	14.54	13.49	14.89	18.96	19.16	42.79	84.6	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	5.67	6.03	7.23	9.44	7.42	8.37	9.56	15.24	14.85	14.32	14.96	16.58	21.85	20.23	21.57
Return on Capital (%)	8.9	9.43	10.29	13.26	11.26	13.52	15.58	25.17	25.21	23.7	23.84	26.05	34.7	33.27	37.33
Return on Invested Capital (%)	8.98	8.63	9.35	9.48	11.31	13.54	15.46	22.53	25.23	24.74	24.84	25.67	30.77	32.75	37.02
Gross Margin (%)	69.24	72.15	73.65	72.25	75.1	78.09	78.52	79.96	81.07	82.79	82.45	82.02	82.34	81.99	82.44
EBITDA Margin (%)	45.2	48.4	46.08	41.31	44.81	49.49	51.78	53.87	55.05	58.72	59.06	60.04	61.05	60.74	61.64
Operating Margin (%)	36.14	38.48	37.26	33.83	37.57	42.42	45.5	47.9	48.51	52.19	53.28	53.71	54.75	53.52	54.67
Incremental Operating Margin (%)	46.45	9.99	25.62	- -	85.19	111.3	74.22	67.03	55.57	93.8	58.59	57.99	63.13	43.98	66.49
Pretax Margin (%)	29.24	31.54	34.25	30.94	32.52	33.54	36.64	43.93	38.73	40.48	41.99	46.42	54.14	47.48	47.67
Profit Margin (%)	19.25	22.28	24.37	28.51	20.8	22.67	23.86	35.42	36.18	35.5	35.53	38.72	45.42	38.83	38.36
Net Income to Common Margin (%)	19.25	22.28	24.37	28.51	20.8	22.67	23.86	35.42	36.18	35.5	35.53	38.72	45.42	38.83	38.36
Effective Tax Rate (%)	34.15	36.81	36.1	35.48	34.19	32.41	34.9	19.37	6.58	12.3	15.4	16.6	16.1	18.22	19.54
Dvd Payout Ratio (%)	- -	- -	- -	10.25	38.14	36.88	39.38	33.66	39.55	40.95	41.66	42.84	38.39	45.9	46.29
Sustainable Growth Rate (%)	14.54	13.49	14.89	17.02	11.85	27.01	51.28	- -	- -	- -	- -	- -	- -	- -	- -

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	1,077	855	808	788	1,579	2,075	2,078	2,576	3,236	3,519	4,311	4,644	4,628	4,632	6,310
ST Debt	10	43	20	- -	- -	- -	- -	- -	- -	- -	- -	9	11	- -	- -
LT Debt	1,067	812	788	788	1,579	2,075	2,078	2,576	3,236	3,519	4,311	4,635	4,617	4,632	6,310
Total Debt/EBITDA	2.64	2.14	1.92	1.91	3.28	3.64	3.15	3.33	3.77	3.53	3.57	3.44	3	2.67	3.27
Net Debt/EBITDA	2.03	1.68	1.07	0.68	1.66	2.25	1.8	2.16	1.83	2.08	2.27	2.61	2.62	2.37	2.95
Total Debt/EBIT	3.34	2.69	2.37	2.34	3.91	4.25	3.58	3.75	4.28	3.98	4.02	3.85	3.34	3.03	3.68
Net Debt/EBIT	2.56	2.11	1.32	0.83	1.98	2.63	2.05	2.43	2.07	2.34	2.55	2.91	2.92	2.69	3.32
EBITDA to Interest Expense	7.3	7.1	16.03	12.94	7.72	5.6	5.68	5.8	5.79	6.37	7.56	7.87	8.27	9.35	9.21
EBITDA-CapEx/Interest Expense	7.3	7.1	16.03	12.94	7.72	5.6	5.68	5.8	5.79	6.37	7.56	7.87	8.27	9.35	9.21
EBIT to Interest Expense	5.83	5.64	12.96	10.6	6.47	4.8	4.99	5.16	5.1	5.66	6.82	7.04	7.42	8.24	8.16
Interest Expense	56	56	26	32	62	102	116	133	148	156	160	172	187	186	210
Common Equity/Total Assets	42.21	47.2	49.88	49.71	28.65	10.3	12.24	-4.91	-1.82	-10.56	-2.97	-20.17	-13.41	-17.26	-46.55
Long-Term Debt/Equity (%)	81.7	56.95	50.37	55.02	175.2	653.39	518.21	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	44.77	35.6	33.22	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.48	118.75	125.46	172.62
Long-Term Debt/Total Assets (%)	34.48	26.88	25.13	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.74	83.67	85.06	110.65
Total Debt/Equity (%)	82.49	59.97	51.64	55.02	175.2	653.39	518.21	-1,546.9	-4,218.36	-793.96	-2,637.51	-460.7	-625.59	-492.76	-237.7
Total Debt/Capital (%)	45.2	37.49	34.05	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.72	119.03	125.46	172.62
Total Debt/Total Assets (%)	34.82	28.31	25.76	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.92	83.87	85.06	110.65
Net Debt to Equity	63.17	47.11	28.72	19.51	88.93	404.08	296.4	-1,003.84	-2,040.51	-466.18	-1,676.16	-349.11	-547.46	-436.7	-214.37
Net Debt/Capital (%)	38.72	32.02	22.31	16.33	47.07	80.16	74.77	111.06	94.71	116.38	100.49	133.16	118.06	124.92	181.02
EBITDA	407	400	421	412	482	569	660	772	858	996	1,207	1,350	1,544	1,735	1,932
EBITDA-CapEx	407	400	421	412	482	569	660	772	858	996	1,207	1,350	1,544	1,735	1,932
Operating Income (Loss)	326	318	340	337	404	488	580	687	756	885	1,089	1,208	1,385	1,529	1,714

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	0.87	0.5	0.71	1.08	1.56	1.48	1.46	1.12	1.67	1.27	1.14	0.79	0.3	0.26	0.28
Current Ratio	1.5	1.01	1.24	1.63	2.13	1.97	2.09	1.77	2.31	1.88	1.71	1.4	0.93	0.85	0.9
Quick Ratio	1.27	0.8	1.05	1.45	1.98	1.89	2	1.7	2.23	1.82	1.67	1.32	0.86	0.77	0.82
CFO/Avg Current Liab	0.55	0.72	0.63	0.63	0.66	0.86	0.71	0.87	0.83	0.84	0.82	0.88	0.89	0.97	0.93
Common Equity/Total Assets	42.21	47.2	49.88	49.71	28.65	10.3	12.24	-4.91	-1.82	-10.56	-2.97	-20.17	-13.41	-17.26	-46.55
Long-Term Debt/Equity (%)	81.7	56.95	50.37	55.02	175.2	653.39	518.21	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	44.77	35.6	33.22	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.48	118.75	125.46	172.62
Long-Term Debt/Total Assets (%)	34.48	26.88	25.13	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.74	83.67	85.06	110.65
Total Debt/Equity (%)	82.49	59.97	51.64	55.02	175.2	653.39	518.21	-1,546.9	-4,218.36	-793.96	-2,637.51	-460.7	-625.59	-492.76	-237.7
Total Debt/Capital (%)	45.2	37.49	34.05	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.72	119.03	125.46	172.62
Total Debt/Total Assets (%)	34.82	28.31	25.76	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.92	83.87	85.06	110.65
CFO/Total Liabilities	14.27	21.77	20.43	21.09	14.31	16	14.06	17.24	16.57	17.47	16.51	18.24	19.75	23.52	19.01
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	5.84	6.42	6.63	5.92	6	6.75	6.58	6.69	8.52	9.47	9.05	11.98	13.23	11.39

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	5.49	4.95	5.65	5.72	5.56	5.36	4.64	3.58	3.2	3.21	3.34	3.39	3.37	3.44	3.47
Days Sales Outstanding	66.49	73.73	64.55	63.76	65.69	68.16	78.65	101.95	113.95	113.87	109.23	107.76	108.45	106.09	105.23
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	- -	3,676	5,136	5,378	7,346	7,208	11,421	12,202	22,075	36,024	51,143	37,655	45,050	47,006	43,018
- Cash & Cash Equivalents	252	183	358	509	778	792	890	904	1,507	1,301	1,421	993	458	406	512
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,077	855	808	788	1,579	2,075	2,078	2,576	3,236	3,519	4,311	4,644	4,628	4,632	6,310
Enterprise Value	- -	4,277	5,586	5,658	8,148	8,491	12,610	13,873	23,804	38,243	54,033	41,306	49,220	51,232	48,816
Total Capital	2,382	2,280	2,372	2,221	2,481	2,393	2,479	2,409	3,159	3,076	4,148	3,636	3,888	3,692	3,655
Total Debt/Capital (%)	45.2	37.49	34.05	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.72	119.03	125.46	172.62
Total Debt / EV	- -	0.2	0.14	0.14	0.19	0.24	0.16	0.19	0.14	0.09	0.08	0.11	0.09	0.09	0.13
EV/Sales	- -	5.17	6.12	5.68	7.58	7.38	9.9	9.67	15.28	22.56	26.44	18.37	19.46	17.94	15.57
EV/EBITDA	- -	10.69	13.27	13.74	16.92	14.91	19.11	17.96	27.76	38.41	44.77	30.59	31.88	29.53	25.27
EV/EBIT	- -	13.44	16.41	16.78	20.17	17.4	21.75	20.2	31.5	43.22	50.37	34.2	35.55	33.52	28.49
EV/Cash Flow to Firm	- -	11.18	16.53	17.34	22.49	16.61	26.28	19.27	28.08	40.33	50.45	33.35	35.34	30.99	27.78
EV/Free Cash Flow to Firm	- -	11.18	16.53	17.34	22.49	16.61	26.28	19.27	28.08	40.33	50.45	33.35	35.34	30.99	27.78
Diluted Market Cap	- -	3,771	5,266	5,600	7,994	7,622	11,650	12,999	22,268	36,872	51,788	38,246	45,479	47,741	44,815
Diluted Enterprise Value	- -	4,371	5,716	5,880	8,796	8,905	12,839	14,670	23,997	39,091	54,678	41,897	49,649	51,967	50,613
EV per Share	- -	35.61	47.3	50.48	80.66	93	139.94	164.76	280.73	463.14	655.43	516.58	622.32	658.98	663.59
TTM Sales	901	827	913	997	1,075	1,151	1,274	1,434	1,558	1,695	2,044	2,249	2,529	2,856	3,134
TTM EBITDA	407	400	421	412	482	569	660	772	858	996	1,207	1,350	1,544	1,735	1,932
TTM Operating Income	326	318	340	337	404	488	580	687	756	885	1,089	1,208	1,385	1,529	1,714
TTM Cash Flow to Firm	292	383	338	326	362	511	480	720	848	948	1,071	1,238	1,393	1,653	1,757
TTM Free Cash Flow to Firm	292	383	338	326	362	511	480	720	848	948	1,071	1,238	1,393	1,653	1,757

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	- -	10.86	16.4	18.32	24.89	17.23	28.83	21.21	31.38	45.46	55.32	34.92	36.79	31.79	28.21
EV/EBIT	- -	13.44	16.41	16.78	20.17	17.4	21.75	20.2	31.5	43.22	50.37	34.2	35.55	33.52	28.49
Enterprise Value	- -	4,277	5,586	5,658	8,148	8,491	12,610	13,873	23,804	38,243	54,033	41,306	49,220	51,232	48,816
Low Price	- -	25.58	31.81	40.29	47.03	63.2	78.77	127.1	141.33	210.71	380.87	377.08	451.51	440.85	443.18
EV/Sales	- -	5.17	6.12	5.68	7.58	7.38	9.9	9.67	15.28	22.56	26.44	18.37	19.46	17.94	15.57
EV/EBITDA	- -	10.69	13.27	13.74	16.92	14.91	19.11	17.96	27.76	38.41	44.77	30.59	31.88	29.53	25.27
Price/Earnings	- -	20.27	23.47	19.55	35.49	29.05	37.67	24.87	39.09	60.69	70.5	43.68	39.41	42.91	37.21
Price/Earnings Average	- -	18.37	19.45	18.33	30.28	28.59	31.68	26.95	32.8	47.38	60.89	43.5	35.58	39	35.99
Price/Earnings High	- -	20.81	23.47	19.95	35.5	33.17	39.03	31.77	40.19	64.09	77.29	57.77	39.67	45.4	40.3
Price/Earnings Low	- -	16.94	17.16	16.41	22.95	23.26	23.41	21.82	21.22	29.31	43.29	34.97	31.24	31.29	28.2
Price/Book Value	- -	2.58	3.28	3.75	8.15	22.69	28.48	-73.29	-287.76	-81.28	-312.86	-37.36	-60.9	-50.01	-16.21
Price/Book Value Average	- -	2.34	2.72	3.52	6.95	22.34	23.96	-79.41	-241.41	-63.46	-270.21	-37.21	-54.98	-45.46	-15.68
Price/Book Value High	- -	2.65	3.28	3.83	8.15	25.91	29.51	-93.61	-295.78	-85.83	-342.95	-49.41	-61.3	-52.91	-17.55
Price/Book Value Low	- -	2.16	2.4	3.15	5.27	18.17	17.7	-64.28	-156.21	-39.25	-192.08	-29.91	-48.27	-36.46	-12.28
Price/Tangible Book Value	- -	-3.68	-6.08	-9.51	-6.96	-4.55	-7.71	-6.12	-11.61	-16.05	-17.09	-9.92	-9.83	-9.87	-6.71
Price/Tangible Book Value Average	- -	-3.33	-5.04	-8.92	-5.94	-4.47	-6.48	-6.63	-9.74	-12.53	-14.76	-9.88	-8.87	-8.97	-6.49
Price/Tangible Book Value High	- -	-3.78	-6.08	-9.7	-6.96	-5.19	-7.99	-7.82	-11.94	-16.95	-18.73	-13.12	-9.89	-10.44	-7.27
Price/Tangible Book Value Low	- -	-3.07	-4.45	-7.98	-4.5	-3.64	-4.79	-5.37	-6.3	-7.75	-10.49	-7.94	-7.79	-7.2	-5.09
Price/Sales	- -	4.52	5.72	5.57	7.38	6.59	8.99	8.81	14.15	21.54	25.05	16.91	17.9	16.66	14.27
Price/Sales Average	- -	4.09	4.74	5.23	6.3	6.48	7.56	9.55	11.87	16.82	21.63	16.84	16.16	15.15	13.81
Price/Sales High	- -	4.64	5.72	5.69	7.39	7.52	9.31	11.25	14.54	22.75	27.46	22.36	18.02	17.63	15.46
Price/Sales Low	- -	3.77	4.18	4.68	4.77	5.27	5.58	7.73	7.68	10.4	15.38	13.54	14.19	12.15	10.82
Price/Cash Flow	- -	10.76	16.26	18.17	24.7	17.13	28.33	20.62	31.06	45.03	54.68	34.71	36.62	31.69	28.16
Price/Cash Flow Average	- -	9.75	13.48	17.04	21.08	16.86	23.83	22.34	26.05	35.16	47.23	34.57	33.06	28.81	27.24
Price/Cash Flow High	- -	11.05	16.26	18.55	24.71	19.56	29.35	26.33	31.92	47.55	59.94	45.91	36.86	33.53	30.5
Price/Cash Flow Low	- -	8.99	11.89	15.25	15.97	13.71	17.61	18.08	16.86	21.75	33.57	27.8	29.03	23.11	21.34
Price/Free Cash Flow Average	- -	9.84	13.59	17.18	21.23	16.96	24.25	22.99	26.33	35.49	47.78	34.78	33.22	28.9	27.29
Price/Free Cash Flow High	- -	11.15	16.4	18.7	24.9	19.67	29.87	27.1	32.26	48.01	60.65	46.18	37.04	33.64	30.55
Price/Free Cash Flow Low	- -	9.08	11.99	15.38	16.09	13.79	17.91	18.61	17.04	21.96	33.97	27.96	29.17	23.18	21.38
EV/Sales Average	- -	4.75	5.15	5.34	6.58	7.28	8.47	10.39	13	17.9	23.03	18.3	17.73	16.44	15.13
EV/Sales High	- -	5.29	6.12	5.79	7.58	8.27	10.22	12.03	15.68	23.75	28.85	23.77	19.58	18.89	16.71
EV/Sales Low	- -	4.44	4.6	4.81	5.16	6.13	6.5	8.63	8.8	11.57	16.78	15.03	15.77	13.48	12.25
EV/EBITDA Average	- -	9.82	11.18	12.93	14.68	14.71	16.36	19.28	23.61	30.48	38.99	30.48	29.05	27.07	24.54
EV/EBITDA High	- -	10.93	13.27	14.01	16.92	16.71	19.74	22.34	28.48	40.44	48.85	39.59	32.07	31.11	27.11
EV/EBITDA Low	- -	9.18	9.99	11.65	11.53	12.39	12.56	16.02	15.99	19.7	28.41	25.04	25.83	22.19	19.87
EV/EBIT Average	- -	12.35	13.83	15.79	17.5	17.16	18.62	21.68	26.79	34.3	43.87	34.08	32.39	30.72	27.67
EV/EBIT High	- -	13.75	16.41	17.11	20.18	19.49	22.46	25.12	32.31	45.5	54.95	44.26	35.76	35.31	30.57
EV/EBIT Low	- -	11.54	12.36	14.22	13.75	14.45	14.29	18.01	18.15	22.17	31.96	27.99	28.8	25.19	22.41
Last Price	- -	30.61	43.5	47.99	72.73	78.95	126.75	144.91	260.33	436.27	620.37	470.93	569.6	604.62	584.77
High Price	- -	31.42	43.5	48.98	72.76	90.14	131.32	185.09	267.6	460.71	680.03	622.81	573.36	639.77	633.28
Enterprise Value Average	- -	3,932	4,706	5,323	7,070	8,378	10,795	14,892	20,249	30,347	47,060	41,154	44,845	46,957	47,411
Enterprise Value High	- -	4,374	5,586	5,769	8,151	9,513	13,021	17,256	24,420	40,261	58,951	53,450	49,518	53,965	52,384
Enterprise Value Low	- -	3,673	4,205	4,795	5,552	7,054	8,286	12,374	13,713	19,617	34,288	33,802	39,880	38,500	38,400

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	121	120	118	112	101	91	90	84	85	83	82	80	79	78	74
Diluted Weighted Avg Shares	122	123	121	117	110	97	92	90	86	85	83	81	80	79	77
Basic Weighted Avg Shares	121	122	120	116	109	96	90	87	85	84	83	81	79	79	77
Revenue per Share	7.46	6.78	7.61	8.61	9.85	11.99	14.1	16.45	18.4	20.25	24.77	27.85	31.83	36.29	40.97
EBITDA per Share	3.37	3.28	3.5	3.56	4.41	5.93	7.3	8.86	10.13	11.89	14.63	16.72	19.43	22.04	25.26
Operating Income per Share	2.7	2.61	2.83	2.91	3.7	5.09	6.42	7.88	8.93	10.57	13.2	14.96	17.42	19.42	22.4
Basic EPS, GAAP	1.44	1.51	1.85	2.45	2.05	2.72	3.36	5.83	6.66	7.19	8.8	10.78	14.45	14.09	15.72
Basic EPS from Cont Ops	1.44	1.35	1.66	1.72	2.11	2.72	3.36	5.83	6.66	7.19	8.8	10.78	14.45	14.09	15.72
Diluted EPS, GAAP	1.42	1.5	1.84	2.43	2.03	2.7	3.31	5.66	6.59	7.12	8.7	10.72	14.39	14.05	15.69
Diluted EPS from Cont Ops	1.42	1.34	1.65	1.7	2.09	2.7	3.31	5.66	6.59	7.12	8.7	10.72	14.39	14.05	15.69
Dividend per Share	- -	- -	- -	0.18	0.8	1	1.33	1.96	2.63	2.94	3.67	4.62	5.55	6.47	7.27
Cash Flow per Share	2.11	2.84	2.67	2.64	2.94	4.61	4.47	7.03	8.38	9.69	11.35	13.57	15.55	19.08	20.76
Free Cash Flow per Basic Share	2.11	2.84	2.67	2.64	2.94	4.61	4.47	7.03	8.38	9.69	11.35	13.57	15.55	19.08	20.76
Cash & Equivalents per Share	3.24	2.12	3.04	4.54	7.7	8.67	9.87	10.74	17.77	15.75	17.24	12.42	5.79	5.22	6.96
Book Value per Share	10.77	11.87	13.25	12.78	8.92	3.48	4.45	-1.98	-0.9	-5.37	-1.98	-12.61	-9.35	-12.09	-36.09
Tangible Book Value per Share	-8.65	-8.32	-7.15	-5.05	-10.45	-17.37	-16.44	-23.67	-22.42	-27.18	-36.31	-47.48	-57.95	-61.26	-87.14