Cognizant Technology Solutions Corporation Financial Ratios — COZ

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 (%)	23.45	23.87	22.36	20.74	19.09	15.53	14.06	19.02	16.41	12.74	18.72	18.85	16.65	16.21	15.16
Return on Assets (%)	17.51	17.48	16.77	14.67	13.24	11.37	10.2	13.53	11.49	8.4	12.29	12.83	11.7	11.65	10.97
Return on Capital (%)	23.45	23.87	22.36	18.58	16.43	14.12	13.11	17.89	14.97	11.13	16.35	16.77	15.2	14.99	14.06
Return on Invested Capital (%)	22.78	23.4	22.22	18.19	16.15	13.64	12.16	17.68	14.64	11.07	16.27	16.26	14.32	14.36	13.47
Gross Margin (%)	42.19	41.76	40.46	40.16	40.08	39.88	38.2	38.99	36.64	35.92	37.3	35.93	34.56	34.34	33.72
EBITDA Margin (%)	20.59	20.66	21.01	20.39	19.91	19.78	19.74	20.46	17.75	16.05	18.37	18.21	16.76	17.4	18.66
Operating Margin (%)	18.57	18.53	18.97	18.37	17.25	16.97	17.24	17.49	15.91	13.99	15.27	15.28	15.08	15.33	15.76
Incremental Operating Margin (%)	17.96	18.36	21.14	14.59	11.94	13.73	19.95	20.3	- -	260.31	26.79	15.42	66.67	28.2	21.94
Pretax Margin (%)	19.1	18.89	19.09	18.75	17.43	17.48	17.93	17.35	15.15	12.59	15.28	15.52	14.4	14.89	16.48
Profit Margin (%)	14.44	14.31	13.89	14.02	13.08	11.51	10.16	13.03	10.98	8.36	11.55	11.79	10.99	11.35	10.56
Net Income to Common Margin (%)	14.44	14.31	13.89	14.02	13.08	11.51	10.16	13.03	10.98	8.36	11.55	11.79	10.99	11.35	10.56
Effective Tax Rate (%)	24.42	24.24	27.21	25.21	24.95	34.15	43.43	24.96	25.29	33.59	24.51	24.2	23.97	24.27	36.16
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	17.62	22.28	24.59	34.48	23.82	24.63	27.8	26.79	27.35
Sustainable Growth Rate (%)	23.45	23.87	22.36	20.74	19.09	15.53	11.58	14.78	12.38	8.34	14.26	14.21	12.02	11.87	11.01

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	- -	- -	- -	1,638	1,283	878	873	745	1,685	1,758	1,642	1,534	1,315	1,480	1,152
ST Debt	- -	- -	- -	700	406	81	175	9	240	249	233	182	186	185	186
LT Debt	- -	- -	- -	938	877	797	698	736	1,445	1,509	1,409	1,352	1,129	1,295	966
Total Debt/EBITDA	- -	- -	- -	0.78	0.52	0.33	0.3	0.23	0.57	0.66	0.48	0.43	0.41	0.43	0.29
Net Debt/EBITDA	-1.04	-1.03	-1.19	-0.18	-0.34	-0.43	-0.36	-0.13	-0.64	-0.74	-0.33	-0.44	-0.61	-0.39	-0.34
Total Debt/EBIT	- -	- -	- -	0.87	0.6	0.38	0.35	0.27	0.69	0.83	0.58	0.52	0.49	0.51	0.34
Net Debt/EBIT	-1.15	-1.15	-1.32	-0.2	-0.39	-0.51	-0.42	-0.15	-0.78	-0.94	-0.4	-0.52	-0.74	-0.46	-0.39
EBITDA to Interest Expense	- -	- -	- -	697.67	137.33	140.42	127.13	122.19	114.58	111.38	377.78	186.16	79.12	63.59	106.46
EBITDA-CapEx/Interest Expense	- -	- -	- -	627	122.17	124.63	114.78	108.22	99.5	94.79	346.78	168.68	71.39	58.09	98.68
EBIT to Interest Expense	- -	- -	- -	628.33	119	120.47	111	104.44	102.69	97.04	314	156.21	71.17	56.04	89.92
Interest Expense	- -	- -	- -	3	18	19	23	27	26	24	9	19	41	54	37
Common Equity/Total Assets	71.77	74.44	75.43	67.43	71.04	75.22	70.09	72.09	68.02	64.03	67.17	68.95	71.56	72.16	72.56
Long-Term Debt/Equity (%)	- -	- -	- -	12.11	9.45	7.43	6.54	6.44	13.11	13.93	11.75	10.98	8.54	8.99	6.43
Long-Term Debt/Capital (%)	- -	- -	- -	10	8.3	6.87	6.05	6.05	11.37	11.98	10.34	9.77	7.76	8.15	5.98
Long-Term Debt/Total Assets (%)	- -	- -	- -	8.17	6.71	5.59	4.59	4.64	8.92	8.92	7.89	7.57	6.11	6.49	4.67
Total Debt/Equity (%)	- -	- -	- -	21.16	13.83	8.18	8.18	6.52	15.29	16.22	13.69	12.46	9.94	10.27	7.67
Total Debt/Capital (%)	- -	- -	- -	17.46	12.15	7.57	7.56	6.12	13.26	13.96	12.04	11.08	9.04	9.32	7.13
Total Debt/Total Assets (%)	- -	- -	- -	14.27	9.82	6.16	5.74	4.7	10.4	10.39	9.2	8.59	7.11	7.41	5.57
Net Debt to Equity	-33.16	-32.34	-36.07	-4.81	-9.08	-10.78	-9.86	-3.64	-17.3	-18.26	-9.41	-12.55	-14.98	-9.18	-8.82
Net Debt/Capital (%)	-49.62	-47.81	-56.41	-5.06	-9.98	-12.08	-10.94	-3.78	-18.95	-19.96	-9.53	-13.26	-16.63	-9.69	-9.29
EBITDA	1,261	1,518	1,858	2,093	2,472	2,668	2,924	3,299	2,979	2,673	3,400	3,537	3,244	3,434	3,939
EBITDA-CapEx	972	1,184	1,596	1,881	2,199	2,368	2,640	2,922	2,587	2,275	3,121	3,205	2,927	3,137	3,651
Operating Income (Loss)	1,136	1,361	1,678	1,885	2,142	2,289	2,553	2,820	2,670	2,329	2,826	2,968	2,918	3,026	3,327

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	2.01	2.08	2.11	1.46	1.82	2.14	1.78	1.66	1.15	0.77	0.77	0.75	0.79	0.63	0.52
Current Ratio	3.38	3.5	3.46	2.48	2.91	3.56	3.21	3.18	2.55	1.94	2.08	2.17	2.25	2.09	2.14
Quick Ratio	3.1	3.19	3.17	2.34	2.79	3.34	2.92	2.84	2.24	1.64	1.78	1.88	1.95	1.76	1.74
CFO/Avg Current Liab	0.82	0.91	0.9	0.67	0.82	0.64	0.92	0.93	0.88	1.01	0.71	0.75	0.7	0.61	0.8
Common Equity/Total Assets	71.77	74.44	75.43	67.43	71.04	75.22	70.09	72.09	68.02	64.03	67.17	68.95	71.56	72.16	72.56
Long-Term Debt/Equity (%)	- -	- -	- -	12.11	9.45	7.43	6.54	6.44	13.11	13.93	11.75	10.98	8.54	8.99	6.43
Long-Term Debt/Capital (%)	- -	- -	- -	10	8.3	6.87	6.05	6.05	11.37	11.98	10.34	9.77	7.76	8.15	5.98
Long-Term Debt/Total Assets (%)	- -	- -	- -	8.17	6.71	5.59	4.59	4.64	8.92	8.92	7.89	7.57	6.11	6.49	4.67
Total Debt/Equity (%)	- -	- -	- -	21.16	13.83	8.18	8.18	6.52	15.29	16.22	13.69	12.46	9.94	10.27	7.67
Total Debt/Capital (%)	- -	- -	- -	17.46	12.15	7.57	7.56	6.12	13.26	13.96	12.04	11.08	9.04	9.32	7.13
Total Debt/Total Assets (%)	- -	- -	- -	14.27	9.82	6.16	5.74	4.7	10.4	10.39	9.2	8.59	7.11	7.41	5.57
CFO/Total Liabilities	56.28	70.33	71.23	39.4	57.81	46.55	52.88	58.62	48.22	54.2	42.57	46.33	44.33	38.22	50.78
CFO/CapEx	3.04	3.51	5.44	6.95	8.01	5.48	8.48	6.88	6.38	8.29	8.94	7.73	7.35	7.15	10.01
Altman's Z-Score	- -	11.54	12.8	9.12	9.8	9.81	9.5	9.29	8.11	8.22	9.26	7.82	8.98	8.99	9.09

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	5.58	5.82	5.91	5.67	5.88	5.61	5.46	5.33	5.21	5.25	5.57	5.28	5.06	4.99	4.97
Days Sales Outstanding	65.39	62.72	61.8	64.33	62.05	65.07	66.8	68.53	70.09	69.52	65.52	69.07	72.09	73.13	73.47
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	- -	21,893	30,361	32,789	37,203	34,194	42,101	36,554	34,082	42,873	46,921	28,848	37,706	38,658	40,645
- Cash & Cash Equivalents	1,311	1,570	2,213	2,010	2,125	2,034	1,925	1,161	2,645	2,680	1,792	2,191	2,621	2,231	1,901
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	1,638	1,283	878	873	745	1,685	1,758	1,642	1,534	1,315	1,480	1,152
Enterprise Value	- -	19,030	26,614	30,652	33,537	29,903	37,918	32,788	32,343	41,907	45,844	27,881	36,386	37,895	39,883
Total Capital	3,953	4,854	6,136	9,378	10,561	11,606	11,542	12,169	12,707	12,594	13,633	13,843	14,542	15,888	16,167
Total Debt/Capital (%)	- -	- -	- -	17.46	12.15	7.57	7.56	6.12	13.26	13.96	12.04	11.08	9.04	9.32	7.13
Total Debt / EV	- -	- -	- -	0.05	0.04	0.03	0.02	0.02	0.05	0.04	0.04	0.06	0.04	0.04	0.03
EV/Sales	- -	2.59	3.01	2.99	2.7	2.22	2.56	2.03	1.93	2.52	2.48	1.44	1.88	1.92	1.89
EV/EBITDA	- -	12.54	14.33	14.65	13.57	11.21	12.97	9.94	10.86	15.68	13.48	7.88	11.22	11.04	10.13
EV/EBIT	- -	13.98	15.86	16.26	15.66	13.06	15.28	11.71	13.19	19.82	16.22	9.39	13.53	13.1	11.77
EV/Cash Flow to Firm	- -	16.23	18.69	20.78	15.24	18.04	15.67	12.55	12.84	12.64	18.32	10.8	15.41	17.5	13.72
EV/Free Cash Flow to Firm	- -	22.71	22.9	24.26	17.4	22.03	17.75	14.67	15.21	14.37	20.62	12.39	17.8	20.29	15.23
Diluted Market Cap	- -	22,197	30,458	32,956	37,465	34,306	42,602	36,997	34,828	43,763	47,189	29,415	38,236	38,814	41,494
Diluted Enterprise Value	- -	19,333	26,710	30,818	33,799	30,015	38,419	33,231	33,089	42,797	46,112	28,448	36,916	38,051	40,732
EV per Share	- -	31.54	43.79	50.3	55.07	49.18	64.49	56.82	59.02	79.07	87.32	54.78	73.06	76.56	83.26
TTM Sales	6,121	7,346	8,843	10,263	12,416	13,487	14,810	16,125	16,783	16,652	18,507	19,428	19,353	19,736	21,108
TTM EBITDA	1,261	1,518	1,858	2,093	2,472	2,668	2,924	3,299	2,979	2,673	3,400	3,537	3,244	3,434	3,939
TTM Operating Income	1,136	1,361	1,678	1,885	2,142	2,289	2,553	2,820	2,670	2,329	2,826	2,968	2,918	3,026	3,327
TTM Cash Flow to Firm	875	1,173	1,424	1,475	2,201	1,658	2,420	2,612	2,518	3,315	2,502	2,582	2,361	2,165	2,907
TTM Free Cash Flow to Firm	587	838	1,162	1,263	1,928	1,358	2,136	2,235	2,126	2,917	2,223	2,250	2,044	1,868	2,619

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	- -	26.48	26.21	26.13	19.57	25.51	20.07	16.7	16.53	15.09	21.29	13.16	18.99	21.24	15.99
EV/EBIT	- -	13.98	15.86	16.26	15.66	13.06	15.28	11.71	13.19	19.82	16.22	9.39	13.53	13.1	11.77
Enterprise Value	- -	19,030	26,614	30,652	33,537	29,903	37,918	32,788	32,343	41,907	45,844	27,881	36,386	37,895	39,883
Low Price	- -	32.16	30.68	42.96	50.67	45.58	51.65	60.17	56.87	40.11	66.29	51.55	56.66	64.09	64.34
EV/Sales	- -	2.59	3.01	2.99	2.7	2.22	2.56	2.03	1.93	2.52	2.48	1.44	1.88	1.92	1.89
EV/EBITDA	- -	12.54	14.33	14.65	13.57	11.21	12.97	9.94	10.86	15.68	13.48	7.88	11.22	11.04	10.13
Price/Earnings	- -	20.8	24.56	22.74	22.91	21.98	28.23	17.55	18.87	31.38	22.04	12.82	17.98	17.29	18.57
Price/Earnings Average	- -	19.72	18.91	20.48	23.39	22.38	26.05	21.19	19.78	24.71	18.85	16.28	15.6	16.44	16.68
Price/Earnings High	- -	21.3	24.58	23.24	26.34	24.93	29.98	23.8	22.98	32.34	22.24	21.22	18.17	18.24	20.12
Price/Earnings Low	- -	18.43	15.08	18.15	19	17.81	20.37	16.67	17.26	15.56	16.35	11.66	13.46	14.19	14.08
Price/Book Value	- -	4.51	4.95	4.24	4.01	3.19	3.95	3.2	3.09	3.96	3.91	2.34	2.85	2.68	2.71
Price/Book Value Average	- -	4.28	3.81	3.81	4.09	3.25	3.64	3.86	3.24	3.12	3.35	2.98	2.47	2.55	2.43
Price/Book Value High	- -	4.62	4.95	4.33	4.61	3.62	4.19	4.34	3.77	4.08	3.95	3.88	2.88	2.83	2.93
Price/Book Value Low	- -	4	3.04	3.38	3.33	2.58	2.85	3.04	2.83	1.96	2.9	2.13	2.13	2.2	2.05
Price/Tangible Book Value	- -	4.91	5.46	7.5	6.19	4.73	6.03	5.38	5.68	9.01	9.11	5.31	6.29	6.6	6.26
Price/Tangible Book Value Average	- -	4.66	4.2	6.75	6.32	4.82	5.56	6.5	5.95	7.09	7.79	6.75	5.46	6.28	5.62
Price/Tangible Book Value High	- -	5.03	5.46	7.66	7.12	5.37	6.4	7.3	6.91	9.28	9.19	8.79	6.36	6.96	6.78
Price/Tangible Book Value Low	- -	4.35	3.35	5.99	5.13	3.84	4.35	5.11	5.19	4.47	6.75	4.83	4.71	5.42	4.75
Price/Sales	- -	2.98	3.41	3.19	3	2.53	2.87	2.29	2.07	2.62	2.54	1.51	1.98	1.96	1.96
Price/Sales Average	- -	2.82	2.63	2.87	3.06	2.58	2.65	2.76	2.17	2.07	2.18	1.92	1.71	1.87	1.76
Price/Sales High	- -	3.05	3.41	3.26	3.45	2.87	3.04	3.1	2.52	2.7	2.57	2.5	2	2.07	2.13
Price/Sales Low	- -	2.64	2.1	2.55	2.49	2.05	2.07	2.17	1.89	1.3	1.89	1.37	1.48	1.61	1.49
Price/Cash Flow	- -	18.65	21.19	22.21	17.01	20.75	17.64	14.22	13.91	13.24	18.88	11.43	16.41	18.24	14.36
Price/Cash Flow Average	- -	17.68	16.31	20	17.37	21.13	16.28	17.18	14.58	10.43	16.15	14.52	14.24	17.34	12.9
Price/Cash Flow High	- -	19.09	21.21	22.7	19.56	23.54	18.73	19.3	16.94	13.64	19.05	18.92	16.58	19.23	15.56
Price/Cash Flow Low	- -	16.53	13.01	17.73	14.11	16.82	12.73	13.51	12.72	6.57	14	10.4	12.28	14.97	10.89
Price/Free Cash Flow Average	- -	25.11	20.17	23.53	19.98	25.97	18.52	20.17	17.32	11.88	18.22	16.71	16.48	20.2	14.36
Price/Free Cash Flow High	- -	27.12	26.23	26.71	22.5	28.93	21.31	22.66	20.13	15.55	21.49	21.77	19.19	22.4	17.33
Price/Free Cash Flow Low	- -	23.47	16.09	20.86	16.23	20.67	14.48	15.86	15.11	7.48	15.79	11.96	14.21	17.43	12.12
EV/Sales Average	- -	2.44	2.22	2.67	2.76	2.26	2.34	2.5	2.02	1.97	2.11	1.84	1.62	1.82	1.69
EV/Sales High	- -	2.66	3.01	3.06	3.15	2.56	2.74	2.84	2.37	2.6	2.5	2.41	1.9	2.03	2.05
EV/Sales Low	- -	2.25	1.68	2.34	2.19	1.74	1.77	1.92	1.75	1.22	1.82	1.3	1.39	1.57	1.42
EV/EBITDA Average	- -	11.79	10.56	13.09	13.88	11.44	11.86	12.24	11.4	12.27	11.49	10.09	9.68	10.48	9.07
EV/EBITDA High	- -	12.88	14.34	14.99	15.82	12.93	13.86	13.89	13.35	16.17	13.61	13.23	11.33	11.65	10.99
EV/EBITDA Low	- -	10.9	8.02	11.49	11	8.78	8.96	9.38	9.88	7.59	9.92	7.14	8.29	9.02	7.63
EV/EBIT Average	- -	13.14	11.7	14.53	16.02	13.34	13.97	14.41	13.85	15.51	13.82	12.02	11.67	12.44	10.55
EV/EBIT High	- -	14.36	15.87	16.64	18.26	15.07	16.33	16.36	16.21	20.44	16.38	15.76	13.67	13.83	12.77
EV/EBIT Low	- -	12.15	8.88	12.75	12.69	10.23	10.56	11.05	11.99	9.6	11.93	8.51	10	10.71	8.87
Last Price	- -	36.29	49.96	53.81	61.09	56.24	71.6	63.35	62.19	80.89	89.37	56.68	75.71	78.1	84.85
High Price	- -	37.16	49.99	54.98	70.23	63.79	76.03	85.93	75.73	83.36	90.2	93.81	76.48	82.36	91.94
Enterprise Value Average	- -	17,892	19,624	27,389	34,308	30,528	34,668	40,371	33,970	32,791	39,060	35,677	31,390	35,986	35,743
Enterprise Value High	- -	19,554	26,635	31,370	39,105	34,494	40,525	45,817	39,762	43,214	46,278	46,782	36,766	40,003	43,279
Enterprise Value Low	- -	16,541	14,895	24,040	27,190	23,419	26,188	30,950	29,423	20,294	33,723	25,270	26,896	30,962	30,055

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	606	603	608	609	609	608	588	577	548	530	525	509	498	495	479
Diluted Weighted Avg Shares	621	612	610	612	613	610	595	584	560	541	528	519	505	497	489
Basic Weighted Avg Shares	607	603	604	608	609	607	593	582	559	540	527	518	505	496	488
Revenue per Share	10.09	12.19	14.64	16.88	20.38	22.22	24.97	27.71	30.02	30.84	35.12	37.51	38.32	39.79	43.25
EBITDA per Share	2.08	2.52	3.08	3.44	4.06	4.4	4.93	5.67	5.33	4.95	6.45	6.83	6.42	6.92	8.07
Operating Income per Share	1.87	2.26	2.78	3.1	3.52	3.77	4.31	4.85	4.78	4.31	5.36	5.73	5.78	6.1	6.82
Basic EPS, GAAP	1.46	1.74	2.03	2.37	2.67	2.56	2.54	3.61	3.3	2.58	4.06	4.42	4.21	4.52	4.57
Basic EPS from Cont Ops	1.46	1.74	2.03	2.37	2.67	2.56	2.54	3.61	3.3	2.58	4.06	4.42	4.21	4.52	4.57
Diluted EPS, GAAP	1.42	1.72	2.02	2.35	2.65	2.55	2.53	3.6	3.29	2.57	4.05	4.41	4.21	4.51	4.56
Diluted EPS from Cont Ops	1.42	1.72	2.02	2.35	2.65	2.55	2.53	3.6	3.29	2.57	4.05	4.41	4.21	4.51	4.56
Dividend per Share	- -	- -	- -	- -	- -	- -	0.45	0.8	0.81	0.89	0.97	1.09	1.17	1.21	1.25
Cash Flow per Share	1.44	1.95	2.36	2.42	3.59	2.71	4.06	4.45	4.47	6.11	4.73	4.96	4.61	4.28	5.91
Free Cash Flow per Basic Share	0.97	1.39	1.92	2.07	3.14	2.22	3.58	3.81	3.77	5.37	4.2	4.32	3.99	3.68	5.32
Cash & Equivalents per Share	4.01	4.75	6.17	6.19	8.13	8.5	8.6	7.82	6.25	5.14	5.18	4.91	5.29	4.53	4
Book Value per Share	6.52	8.05	10.1	12.7	15.23	17.64	18.14	19.8	20.11	20.45	22.84	24.18	26.56	29.11	31.35
Tangible Book Value per Share	5.88	7.39	9.15	7.18	9.87	11.88	11.88	11.77	10.95	8.98	9.82	10.67	12.03	11.83	13.55