Ecolab Inc. Financial Ratios — ECJ 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 (%)	11.87	11.98	14.42	16.41	14.09	17.8	20.78	18.34	18.68	-16.23	16.88	15.1	17.96	25.14	22.4
Return on Assets (%)	4.01	3.94	5.2	6.16	5.26	6.65	7.86	7.14	7.61	-6.18	5.75	5.12	6.34	9.55	8.82
Return on Capital (%)	6.33	6.93	8.64	9.75	8.64	10.53	12.06	10.65	11.23	-6.68	8.76	7.85	9.84	14.02	12.88
Return on Invested Capital (%)	6.21	6.79	8.59	9.88	8.73	10.35	11.59	9.05	9.92	8.1	8.6	7.79	9.44	13.58	12.41
Gross Margin (%)	48.88	46.06	45.97	46.23	46.67	42.72	41.72	43.75	43.91	41.43	40.19	37.76	40.24	43.46	44.46
EBITDA Margin (%)	16.91	16.93	17.93	19.8	17.87	20.69	20.55	20.12	20.86	18.73	19.18	17.63	19.03	23.75	23.1
Operating Margin (%)	13.01	12.12	13.07	14.17	14.59	14.52	14.07	15.06	15.65	13.36	13.36	12	13.73	16.6	17.99
Incremental Operating Margin (%)	9.95	10.92	20.99	28.42	6.49	16.88	5.36	6.53	36.6	50.54	13.35	0.12	35.39	121.04	82.11
Pretax Margin (%)	10	8.55	9.8	11.89	9.73	12.54	12.74	12.99	13.78	9.85	11.11	9.47	11.46	16.33	15.84
Profit Margin (%)	6.8	5.94	7.3	8.42	7.4	9.34	10.87	11.69	12.41	-10.22	8.87	7.69	8.96	13.42	12.91
Net Income to Common Margin (%)	6.8	5.94	7.3	8.42	7.4	9.34	10.87	11.69	12.41	-10.22	8.87	7.69	8.96	13.42	12.91
Effective Tax Rate (%)	31.83	30.74	25.01	28.04	22.8	24.43	13.83	20.24	16.67	15.21	19.11	17.46	20.65	17.09	17.84
Dvd Payout Ratio (%)	35.1	43.89	22.27	27.74	38.82	33.82	29.28	38.61	37.86	55.96	48.91	53.53	43.67	30.88	35.7
Sustainable Growth Rate (%)	7.7	6.72	11.21	11.86	8.62	11.78	14.69	11.26	11.61	-7.15	8.62	7.02	10.12	17.38	14.41

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	7,636	6,542	6,905	6,548	6,466	6,687	7,323	7,045	6,822	7,113	9,156	9,027	8,733	8,283	8,998
ST Debt	1,023	806	861	1,705	2,205	541	564	744	503	143	526	613	757	758	1,035
LT Debt	6,613	5,736	6,044	4,843	4,260	6,146	6,758	6,302	6,319	6,970	8,630	8,413	7,977	7,525	7,962
Total Debt/EBITDA	6.64	3.26	2.9	2.32	2.67	2.46	2.58	2.87	2.6	3.22	3.75	3.61	3	2.22	2.42
Net Debt/EBITDA	5.04	2.69	2.76	2.24	2.63	2.34	2.5	2.82	2.38	2.46	3.44	3.19	2.49	1.69	2.04
Total Debt/EBIT	10.13	5.07	4.42	3.35	4.14	3.58	3.76	4.08	3.7	5.1	5.73	5.78	4.38	2.96	3.29
Net Debt/EBIT	7.68	4.18	4.21	3.24	4.08	3.4	3.65	4.01	3.38	3.89	5.25	5.11	3.65	2.25	2.77
EBITDA to Interest Expense	14	7.02	8.71	10.55	9.54	9.53	10.35	10.44	12.22	7.25	10.59	9.92	8.36	10.98	12.13
EBITDA-CapEx/Interest Expense	14	7.02	8.71	10.55	9.54	9.53	10.35	10.44	12.22	7.25	10.59	9.92	8.36	10.98	12.13
EBIT to Interest Expense	10.78	5.02	6.35	7.55	7.79	6.69	7.09	7.82	9.17	5.17	7.38	6.76	6.03	7.68	9.45
Interest Expense	82	286	273	268	254	285	275	236	214	305	231	252	349	340	306
Common Equity/Total Assets	31.16	34.58	37.4	37.66	37.07	37.65	37.99	39.87	41.62	34.02	34.07	33.71	36.82	39.12	39.56
Long-Term Debt/Equity (%)	115.19	93.12	81.57	65.61	61.03	88.16	88.3	78.25	72.42	112.39	118.98	115.91	98.82	85.61	81.21
Long-Term Debt/Capital (%)	49.44	45.16	42.22	34.77	31.68	45	45.13	41.74	40.64	52.35	52.59	51.66	47.47	44.08	42.35
Long-Term Debt/Total Assets (%)	36.37	32.64	30.78	24.93	22.85	33.53	33.85	31.39	30.28	38.45	40.69	39.2	36.51	33.61	32.24
Total Debt/Equity (%)	133.01	106.2	93.19	88.7	92.62	95.93	95.67	87.48	78.18	114.69	126.23	124.36	108.19	94.24	91.77
Total Debt/Capital (%)	57.08	51.5	48.24	47.01	48.09	48.96	48.89	46.66	43.88	53.42	55.8	55.43	51.97	48.52	47.85
Total Debt/Total Assets (%)	41.99	37.23	35.16	33.71	34.68	36.48	36.68	35.1	32.69	39.24	43.18	42.05	39.98	37	36.43
Net Debt to Equity	100.9	87.4	88.61	85.86	91.29	91.23	92.91	86.05	71.45	87.5	115.79	109.96	89.97	71.77	77.41
Net Debt/Capital (%)	50.22	46.64	46.98	46.2	47.72	47.71	48.16	46.25	40.41	45.02	52.33	50.88	45.71	39.89	41.81
EBITDA	1,150	2,004	2,377	2,827	2,421	2,721	2,843	2,459	2,621	2,208	2,442	2,501	2,916	3,738	3,714
EBITDA-CapEx	1,150	2,004	2,377	2,827	2,421	2,721	2,843	2,459	2,621	2,208	2,442	2,501	2,916	3,738	3,714
Operating Income (Loss)	885	1,435	1,732	2,024	1,976	1,910	1,946	1,841	1,965	1,575	1,701	1,703	2,104	2,614	2,893

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	0.58	0.38	0.1	0.05	0.02	0.11	0.06	0.03	0.03	0.43	0.1	0.14	0.21	0.26	0.12
Current Ratio	1.7	1.6	1.35	1.11	0.93	1.42	1.32	1.27	1.33	1.75	1.32	1.3	1.3	1.26	1.08
Quick Ratio	1.24	1.11	0.83	0.68	0.55	0.92	0.84	0.79	0.72	1.26	0.84	0.83	0.91	0.89	0.77
CFO/Avg Current Liab	0.31	0.39	0.48	0.46	0.44	0.5	0.64	0.64	0.66	0.57	0.64	0.46	0.56	0.62	0.57
Common Equity/Total Assets	31.16	34.58	37.4	37.66	37.07	37.65	37.99	39.87	41.62	34.02	34.07	33.71	36.82	39.12	39.56
Long-Term Debt/Equity (%)	115.19	93.12	81.57	65.61	61.03	88.16	88.3	78.25	72.42	112.39	118.98	115.91	98.82	85.61	81.21
Long-Term Debt/Capital (%)	49.44	45.16	42.22	34.77	31.68	45	45.13	41.74	40.64	52.35	52.59	51.66	47.47	44.08	42.35
Long-Term Debt/Total Assets (%)	36.37	32.64	30.78	24.93	22.85	33.53	33.85	31.39	30.28	38.45	40.69	39.2	36.51	33.61	32.24
Total Debt/Equity (%)	133.01	106.2	93.19	88.7	92.62	95.93	95.67	87.48	78.18	114.69	126.23	124.36	108.19	94.24	91.77
Total Debt/Capital (%)	57.08	51.5	48.24	47.01	48.09	48.96	48.89	46.66	43.88	53.42	55.8	55.43	51.97	48.52	47.85
Total Debt/Total Assets (%)	41.99	37.23	35.16	33.71	34.68	36.48	36.68	35.1	32.69	39.24	43.18	42.05	39.98	37	36.43
CFO/Total Liabilities	5.51	10.54	12.76	15.07	17.15	17.08	16.99	18.95	19.93	15.6	14.78	12.59	17.51	20.69	19.83
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	4.32	4.93	5.14	5.29	5.6	5.64	5.58	5.54	6.5	6.5	5.29	6.18	6.72	6.75

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	4.39	5.48	5.53	5.5	5.4	5.56	5.63	4.67	4.98	5.06	5.36	5.48	5.54	5.52	5.26
Days Sales Outstanding	83.08	66.6	66	66.39	67.6	65.65	64.8	78.15	73.29	72.07	68.11	66.59	65.9	66.07	69.39
Inventory Turnover	4.58	5.92	5.94	5.51	5.06	5.57	5.83	4.59	5.36	5.84	5.48	5.38	5.57	6.01	6.04
Days Inventory Outstanding	79.67	61.67	61.42	66.28	72.13	65.59	62.59	79.44	68.07	62.55	66.55	67.88	65.59	60.74	60.39
Accounts Payable Turnover	7.03	7.55	7.78	7.16	6.46	7.34	7.58	5.73	5.65	6.36	6.15	5.87	5.38	5.25	4.62
Accounts Payable Turnover Days	51.89	48.32	46.93	50.95	56.5	49.7	48.13	63.65	64.64	57.4	59.37	62.2	67.87	69.49	79.08
Cash Conversion Cycle	110.86	79.95	80.49	81.72	83.23	81.55	79.26	93.95	76.72	77.22	75.29	72.26	63.62	57.33	50.7
Inventory to Cash Days	3.41	4.93	4.58	0.11	-4.54	0.07	2.2	-1.29	5.22	9.52	1.57	-1.29	0.32	5.33	9
Inventories	1,070	1,088	1,322	1,467	1,388	1,319	1,447	1,546	1,082	1,285	1,492	1,793	1,497	1,465	1,490
Raw Materials	351	338	391	447	441	408	439	526	438	511	596	849	705	607	620
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	746	774	953	1,044	887	860	975	1,017	669	790	1,011	1,123	911	962	962
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	- -	21,084	31,626	31,963	34,431	34,384	39,036	42,233	55,638	61,506	67,638	42,022	56,671	67,166	74,623
- Cash & Cash Equivalents	1,844	1,158	339	210	93	327	211	115	119	1,260	360	599	920	1,257	646
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	74	83	65	66	71	70	70	50	41	35	29	23	28	32	34
+ Total Debt	7,636	6,542	6,905	6,548	6,466	6,687	7,323	7,045	6,822	7,113	9,156	9,027	8,733	8,283	8,998
Enterprise Value	- -	26,551	38,256	38,368	40,874	40,813	46,217	49,214	62,382	67,393	76,463	50,472	64,512	74,224	83,008
Total Capital	13,377	12,702	14,314	13,930	13,446	13,658	14,977	15,099	15,548	13,314	16,409	16,285	16,806	17,072	18,802
Total Debt/Capital (%)	57.08	51.5	48.24	47.01	48.09	48.96	48.89	46.66	43.88	53.42	55.8	55.43	51.97	48.52	47.85
Total Debt / EV	- -	0.25	0.18	0.17	0.16	0.16	0.16	0.14	0.11	0.11	0.12	0.18	0.14	0.11	0.11
EV/Sales	- -	2.24	2.89	2.69	3.02	3.1	3.34	4.03	4.97	5.72	6.01	3.56	4.21	4.72	5.16
EV/EBITDA	- -	13.25	16.1	13.57	16.88	15	16.25	20.02	23.81	30.52	31.32	20.18	22.12	19.86	22.35
EV/EBIT	- -	20.59	24.51	19.63	26.18	21.82	23.7	28.48	33.81	48.29	47.83	32.3	32.38	26.49	30.32
EV/Cash Flow to Firm	- -	18.95	21.68	19.1	18.62	18.94	19.85	19.96	24	31.81	34.01	25.28	23.99	23.97	25.91
EV/Free Cash Flow to Firm	- -	18.95	21.68	19.1	18.62	18.94	19.85	19.96	24	31.81	34.01	25.28	23.99	23.97	25.91
Diluted Market Cap	- -	21,384	32,130	32,602	35,059	34,958	39,670	42,980	56,429	62,496	68,156	42,332	56,879	67,935	75,464
Diluted Enterprise Value	- -	26,851	38,760	39,007	41,502	41,388	46,852	49,961	63,173	68,383	76,981	50,782	64,721	74,993	83,849
EV per Share	- -	90.09	127.05	127.93	138.09	139.85	159.76	171.05	216.3	235.89	266.51	177.41	226	261.95	294.33
TTM Sales	6,799	11,839	13,253	14,281	13,545	13,152	13,836	12,222	12,562	11,790	12,733	14,188	15,320	15,741	16,081
TTM EBITDA	1,150	2,004	2,377	2,827	2,421	2,721	2,843	2,459	2,621	2,208	2,442	2,501	2,916	3,738	3,714
TTM Operating Income	885	1,435	1,732	2,024	1,976	1,910	1,946	1,841	1,965	1,575	1,701	1,703	2,104	2,614	2,893
TTM Cash Flow to Firm	741	1,401	1,764	2,008	2,196	2,155	2,328	2,466	2,599	2,119	2,248	1,996	2,689	3,096	3,204
TTM Free Cash Flow to Firm	741	1,401	1,764	2,008	2,196	2,155	2,328	2,466	2,599	2,119	2,248	1,996	2,689	3,096	3,204

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	- -	17.78	20.6	17.96	17.53	18.02	18.97	18.87	23.31	33.6	33.06	23.67	23.58	24.14	25.56
EV/EBIT	- -	20.59	24.51	19.63	26.18	21.82	23.7	28.48	33.81	48.29	47.83	32.3	32.38	26.49	30.32
Enterprise Value	- -	26,551	38,256	38,368	40,874	40,813	46,217	49,214	62,382	67,393	76,463	50,472	64,512	74,224	83,008
Low Price	- -	63.38	71.57	98.06	98.48	99.16	115.78	126.28	141.47	125.07	201.5	131.4	141.6	192.39	218.51
EV/Sales	- -	2.24	2.89	2.69	3.02	3.1	3.34	4.03	4.97	5.72	6.01	3.56	4.21	4.72	5.16
EV/EBITDA	- -	13.25	16.1	13.57	16.88	15	16.25	20.02	23.81	30.52	31.32	20.18	22.12	19.86	22.35
Price/Earnings	- -	29.74	32.55	26.59	34.41	28.04	25.97	29.64	35.65	- -	59.74	38.59	41.23	31.9	36.12
Price/Earnings Average	- -	28.86	27.31	27.3	33.62	27.43	24.82	29.3	34.15	- -	55.47	43.3	35.81	31.55	35.69
Price/Earnings High	- -	30.25	33.46	29.57	36.78	29.75	26.51	33.69	39.16	- -	60.3	61.71	41.92	35.3	39.32
Price/Earnings Low	- -	26.35	22.18	24.47	29.13	23.6	22.28	25.5	26.15	- -	51.06	34.33	29.41	25.89	29.82
Price/Book Value	- -	3.47	4.31	4.37	4.98	4.98	5.15	5.28	6.41	9.97	9.36	5.81	7.04	7.67	7.64
Price/Book Value Average	- -	3.37	3.61	4.49	4.87	4.87	4.92	5.22	6.14	9.17	8.69	6.52	6.12	7.59	7.55
Price/Book Value High	- -	3.53	4.43	4.86	5.33	5.29	5.25	6	7.04	10.73	9.45	9.29	7.16	8.49	8.32
Price/Book Value Low	- -	3.07	2.93	4.02	4.22	4.19	4.42	4.54	4.7	5.79	8	5.17	5.02	6.22	6.31
Price/Tangible Book Value	- -	-5.42	-7.35	-8.29	-9.33	-10.42	-10.84	-14.7	294.85	-21.83	-13.36	-9.43	-15.75	-27.32	-23.73
Price/Tangible Book Value Average	- -	-5.26	-6.17	-8.51	-9.12	-10.19	-10.36	-14.53	282.45	-20.07	-12.4	-10.58	-13.68	-27.02	-23.45
Price/Tangible Book Value High	- -	-5.52	-7.55	-9.21	-9.97	-11.06	-11.06	-16.71	323.86	-23.48	-13.48	-15.08	-16.02	-30.23	-25.84
Price/Tangible Book Value Low	- -	-4.8	-5.01	-7.62	-7.9	-8.77	-9.3	-12.65	216.22	-12.68	-11.42	-8.39	-11.24	-22.17	-19.6
Price/Sales	- -	1.77	2.38	2.24	2.55	2.62	2.82	3.47	4.42	5.24	5.3	2.97	3.69	4.28	4.66
Price/Sales Average	- -	1.72	1.99	2.3	2.49	2.56	2.7	3.43	4.24	4.82	4.92	3.33	3.21	4.23	4.61
Price/Sales High	- -	1.8	2.44	2.49	2.72	2.78	2.88	3.94	4.86	5.64	5.35	4.75	3.75	4.74	5.08
Price/Sales Low	- -	1.57	1.62	2.06	2.15	2.21	2.42	2.98	3.24	3.04	4.53	2.64	2.63	3.47	3.85
Price/Cash Flow	- -	17.4	20.19	17.62	17.24	17.77	18.69	18.6	22.96	33.21	32.74	23.55	23.46	23.95	25.39
Price/Cash Flow Average	- -	16.88	16.95	18.09	16.85	17.38	17.86	18.38	21.99	30.53	30.4	26.43	20.37	23.69	25.09
Price/Cash Flow High	- -	17.69	20.76	19.59	18.43	18.85	19.07	21.14	25.22	35.72	33.04	37.67	23.85	26.5	27.64
Price/Cash Flow Low	- -	15.41	13.76	16.21	14.6	14.95	16.03	16	16.84	19.3	27.98	20.95	16.73	19.44	20.97
Price/Free Cash Flow Average	- -	17.25	17.29	18.44	17.13	17.63	18.13	18.65	22.33	30.88	30.7	26.56	20.48	23.88	25.26
Price/Free Cash Flow High	- -	18.08	21.17	19.97	18.74	19.12	19.36	21.45	25.6	36.13	33.37	37.85	23.98	26.71	27.83
Price/Free Cash Flow Low	- -	15.75	14.04	16.52	14.84	15.17	16.28	16.23	17.09	19.52	28.25	21.06	16.82	19.59	21.11
EV/Sales Average	- -	2.19	2.5	2.75	2.96	3.05	3.22	3.99	4.78	5.29	5.63	3.92	3.72	4.67	5.11
EV/Sales High	- -	2.27	2.95	2.94	3.19	3.26	3.4	4.5	5.4	6.11	6.06	5.33	4.27	5.17	5.57
EV/Sales Low	- -	2.04	2.13	2.51	2.63	2.69	2.94	3.54	3.78	3.53	5.23	3.23	3.15	3.91	4.35
EV/EBITDA Average	- -	12.94	13.96	13.87	16.56	14.73	15.65	19.82	22.91	28.27	29.34	22.23	19.57	19.66	22.11
EV/EBITDA High	- -	13.43	16.47	14.84	17.86	15.77	16.54	22.36	25.89	32.62	31.58	30.25	22.45	21.77	24.14
EV/EBITDA Low	- -	12.05	11.86	12.67	14.7	13	14.31	17.62	18.14	18.85	27.29	18.32	16.55	16.47	18.85
EV/EBIT Average	- -	20.11	21.25	20.06	25.68	21.43	22.82	28.19	32.54	44.72	44.81	35.59	28.64	26.22	30
EV/EBIT High	- -	20.87	25.08	21.46	27.7	22.95	24.11	31.81	36.77	51.61	48.23	48.42	32.86	29.04	32.74
EV/EBIT Low	- -	18.73	18.06	18.32	22.8	18.91	20.86	25.06	25.77	29.82	41.68	29.33	24.22	21.97	25.57
Last Price	- -	71.54	105.03	106.58	116.32	117.82	134.93	146.79	192.92	215.28	235.75	147.7	198.53	237.04	264.6
High Price	- -	72.77	107.97	118.51	124.34	125.02	137.72	166.84	211.9	231.53	237.98	236.2	201.85	262.28	288.11
Enterprise Value Average	- -	25,929	33,169	39,222	40,088	40,069	44,494	48,727	60,042	62,421	71,636	55,606	57,055	73,491	82,130
Enterprise Value High	- -	26,913	39,139	41,945	43,246	42,913	47,025	54,982	67,856	72,037	77,101	75,649	65,458	81,377	89,638
Enterprise Value Low	- -	24,147	28,181	35,814	35,593	35,368	40,676	43,315	47,545	41,621	66,636	45,832	48,261	61,572	70,010

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	292	295	301	300	296	292	289	288	288	286	287	285	285	283	282
Diluted Weighted Avg Shares	242	299	306	306	301	297	294	293	293	290	289	287	287	287	285
Basic Weighted Avg Shares	237	293	300	300	296	293	290	289	288	287	286	285	285	284	283
Revenue per Share	28.7	40.47	44.19	47.59	45.7	44.96	47.78	42.35	43.6	41.08	44.47	49.75	53.76	55.37	56.76
EBITDA per Share	4.85	6.85	7.93	9.42	8.17	9.3	9.82	8.52	9.1	7.69	8.53	8.77	10.23	13.15	13.11
Operating Income per Share	3.73	4.91	5.77	6.74	6.67	6.53	6.72	6.38	6.82	5.49	5.94	5.97	7.38	9.19	10.21
Basic EPS, GAAP	1.95	2.41	3.23	4.01	3.38	4.2	5.2	4.95	5.41	-4.2	3.95	3.83	4.82	7.43	7.33
Basic EPS from Cont Ops	1.96	2.4	3.25	4.07	3.43	4.26	5.24	4.39	5.01	3.43	4	3.89	4.89	7.5	7.39
Diluted EPS, GAAP	1.91	2.35	3.16	3.93	3.32	4.14	5.12	4.88	5.33	-4.15	3.91	3.81	4.79	7.37	7.28
Diluted EPS from Cont Ops	1.91	2.35	3.18	4	3.37	4.2	5.17	4.32	4.93	3.39	3.96	3.87	4.86	7.44	7.34
Dividend per Share	0.69	1.05	0.73	1.15	1.35	1.46	1.55	1.71	1.92	1.95	1.98	2.11	2.17	2.34	2.66
Cash Flow per Share	2.89	4.11	5.2	6.05	6.75	6.63	7.22	7.89	8.4	6.48	7.2	6.27	8.46	9.9	10.42
Free Cash Flow per Basic Share	2.89	4.11	5.2	6.05	6.75	6.63	7.22	7.89	8.4	6.48	7.2	6.27	8.46	9.9	10.42
Cash & Equivalents per Share	6.31	3.93	1.13	0.7	0.31	1.12	0.73	0.4	0.41	4.41	1.25	2.1	3.22	4.44	2.29
Book Value per Share	19.41	20.62	24.39	24.39	23.34	23.65	26.21	27.82	30.12	21.58	25.18	25.43	28.18	30.91	34.65
Tangible Book Value per Share	-15.29	-13.19	-14.29	-12.86	-12.47	-11.31	-12.45	-9.98	0.65	-9.86	-17.65	-15.67	-12.6	-8.68	-11.15