First Solar, Inc. Financial Ratios — F3A 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 (%)	-1.11	-2.66	8.65	8.34	11.26	-7.73	-3.21	2.8	-2.23	7.5	8.17	-0.75	13.27	17.62	17.45
Return on Assets (%)	-0.78	-1.59	5.3	5.82	8.45	-5.89	-2.42	2.06	-1.57	5.45	6.45	-0.56	8.93	11.49	12.01
Return on Capital (%)	- -	- -	7.93	8.01	10.87	- -	-3.41	3.02	- -	- -	7.76	-1.72	12.6	16.59	16.63
Return on Invested Capital (%)	- -	- -	7.68	7.89	12.65	- -	-2.72	0.69	- -	- -	7.72	2.24	11.86	15.84	16.2
Gross Margin (%)	35.13	25.32	26.12	24.33	27.54	21.98	18.66	17.48	17.93	25.1	24.97	2.67	39.19	44.17	40.62
EBITDA Margin (%)	6.02	6.68	18.27	19.69	24.02	-11.61	9.97	7.61	1.43	20.3	28.96	9.26	35.11	43.22	40.73
Operating Margin (%)	13.92	12.81	13.82	12.44	17.75	8.63	7.31	1.79	6.57	11.93	15.03	-10.72	26.7	33.13	30.59
Incremental Operating Margin (%)	- -	7.72	- -	- -	42.71	39.69	- -	25.09	19.67	- -	54.69	236.87	166.85	57.2	20.05
Pretax Margin (%)	-1.94	-1.18	11.51	12.74	17.83	-18.5	6.87	5.04	-3.92	10.81	19.57	0.33	26.86	33.43	30.29
Profit Margin (%)	-1.43	-2.86	10.6	11.68	14.43	-14.33	-5.63	6.43	-3.75	14.69	16.03	-1.69	25.03	30.72	29.28
Net Income to Common Margin (%)	-1.43	-2.86	10.6	11.68	14.43	-14.33	-5.63	6.43	-3.75	14.69	16.03	-1.69	25.03	30.72	29.28
Effective Tax Rate (%)	- -	- -	7.9	7.22	4.41	- -	184.05	3.04	- -	- -	18.08	613.68	6.79	8.13	3.33
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	-1.11	-2.66	8.65	8.34	11.26	-7.73	-3.21	2.8	-2.23	7.5	8.17	-0.75	13.27	17.62	17.45

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	664	563	223	213	289	215	437	467	595	482	399	234	624	719	655
ST Debt	45	62	61	51	38	28	13	6	29	56	17	9	107	250	234
LT Debt	619	500	163	162	251	187	424	461	567	427	382	225	518	469	421
Total Debt/EBITDA	3.98	2.5	0.37	0.32	0.29	-0.64	1.49	2.73	13.63	0.88	0.47	0.97	0.54	0.4	0.31
Net Debt/EBITDA	0.35	-1.5	-1.82	-1.9	-0.85	3.36	-6.25	-5.48	-20.17	-1.72	-1.43	-5.35	-1.19	-0.56	-1.08
Total Debt/EBIT	-9.67	-14.98	0.6	0.51	0.4	-0.38	2.46	11.64	-3.68	1.52	0.68	-8.6	0.73	0.52	0.41
Net Debt/EBIT	-0.85	9.02	-2.97	-3.01	-1.15	1.99	-10.3	-23.35	5.45	-2.99	-2.06	47.62	-1.62	-0.73	-1.44
EBITDA to Interest Expense	1,665.67	16.21	321.01	336.93	141.65	-16.42	11.38	6.59	1.61	22.9	64.6	19.84	89.88	46.77	48.18
EBITDA-CapEx/Interest Expense	-5,652.47	-11.09	171.02	206.99	117.78	-27.59	-8.59	-21.95	-23.09	5.57	23.37	-54.08	-17.09	7.51	28.47
EBIT to Interest Expense	3,850.67	31.07	242.73	212.92	104.68	12.2	8.35	1.55	7.43	13.46	33.53	-22.96	68.34	35.86	36.18
Interest Expense	- -	14	2	2	7	21	26	26	27	24	13	12	13	39	44
Common Equity/Total Assets	63.07	56.79	65.42	74.27	75.84	76.47	74.28	73.19	67.82	77.66	80.39	70.73	64.52	65.8	71.6
Long-Term Debt/Equity (%)	16.99	13.87	3.61	3.25	4.53	3.58	8.31	8.85	11.12	7.73	6.41	3.85	7.74	5.88	4.42
Long-Term Debt/Capital (%)	14.37	12	3.44	3.11	4.31	3.44	7.66	8.12	9.96	7.11	6.01	3.71	7.08	5.39	4.13
Long-Term Debt/Total Assets (%)	10.72	7.88	2.36	2.41	3.44	2.74	6.17	6.48	7.54	6	5.15	2.73	5	3.87	3.16
Total Debt/Equity (%)	18.21	15.6	4.96	4.28	5.22	4.12	8.57	8.96	11.68	8.74	6.69	4.01	9.34	9.01	6.87
Total Debt/Capital (%)	15.41	13.5	4.72	4.1	4.96	3.96	7.89	8.22	10.46	8.03	6.27	3.86	8.54	8.27	6.43
Total Debt/Total Assets (%)	11.49	8.86	3.24	3.18	3.96	3.15	6.37	6.55	7.92	6.78	5.38	2.84	6.02	5.93	4.92
Net Debt to Equity	1.59	-9.39	-24.47	-25.41	-15.09	-21.7	-35.92	-17.97	-17.29	-17.17	-20.32	-22.22	-20.74	-12.68	-24.17
Net Debt/Capital (%)	1.57	-10.37	-32.39	-34.08	-17.78	-27.71	-56.06	-21.91	-20.3	-19.84	-24.67	-28.26	-25.85	-14.3	-31.19
EBITDA	167	225	605	668	988	-337	293	171	44	550	847	242	1,165	1,818	2,126
EBITDA-CapEx	-565	-154	322	410	822	-567	-221	-569	-625	134	306	-661	-222	292	1,256
Operating Income (Loss)	385	432	457	422	730	251	215	40	201	323	439	-281	886	1,394	1,597

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	0.69	0.91	1.11	1.99	1.9	2.15	4.6	3.01	1.64	2.06	2.51	2.48	1.61	0.86	1.27
Current Ratio	2.68	2.57	2.39	3.08	3.48	4.17	5.89	4.57	2.73	3.56	4.39	3.65	3.55	2.45	2.67
Quick Ratio	1.56	1.79	1.53	2.21	2.54	2.72	5.26	3.74	2.18	2.41	3.14	2.8	2.69	1.73	2.13
CFO/Avg Current Liab	-0.05	0.73	0.64	0.57	-0.33	0.22	1.72	-0.44	0.16	0.03	0.3	0.99	0.51	0.72	0.95
Common Equity/Total Assets	63.07	56.79	65.42	74.27	75.84	76.47	74.28	73.19	67.82	77.66	80.39	70.73	64.52	65.8	71.6
Long-Term Debt/Equity (%)	16.99	13.87	3.61	3.25	4.53	3.58	8.31	8.85	11.12	7.73	6.41	3.85	7.74	5.88	4.42
Long-Term Debt/Capital (%)	14.37	12	3.44	3.11	4.31	3.44	7.66	8.12	9.96	7.11	6.01	3.71	7.08	5.39	4.13
Long-Term Debt/Total Assets (%)	10.72	7.88	2.36	2.41	3.44	2.74	6.17	6.48	7.54	6	5.15	2.73	5	3.87	3.16
Total Debt/Equity (%)	18.21	15.6	4.96	4.28	5.22	4.12	8.57	8.96	11.68	8.74	6.69	4.01	9.34	9.01	6.87
Total Debt/Capital (%)	15.41	13.5	4.72	4.1	4.96	3.96	7.89	8.22	10.46	8.03	6.27	3.86	8.54	8.27	6.43
Total Debt/Total Assets (%)	11.49	8.86	3.24	3.18	3.96	3.15	6.37	6.55	7.92	6.78	5.38	2.84	6.02	5.93	4.92
CFO/Total Liabilities	-1.57	27.79	35.97	42.53	-18.4	12.87	75.92	-17.12	7.2	2.34	16.34	36.16	16.38	29.37	54.37
CFO/CapEx	-0.05	2.01	3.03	2.86	-1.95	0.9	2.61	-0.44	0.26	0.09	0.44	0.97	0.43	0.8	2.36
Altman's Z-Score	- -	2.01	2.91	3.14	4.16	2.85	4.01	2.74	2.79	5.41	5.42	5.08	4.55	4.44	6.43

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	8.96	7.8	9.59	24.95	12.93	7.57	12.29	13.2	10.15	7.32	8.41	6.95	6.74	4.38	4.09
Days Sales Outstanding	40.75	46.82	38.05	14.63	28.23	48.21	29.69	27.66	35.95	49.89	43.42	52.52	54.17	83.38	89.34
Inventory Turnover	4.95	4.73	4.63	4.45	5.19	4.8	7.63	5.73	5.34	3.39	2.88	3.18	2.25	1.99	2.56
Days Inventory Outstanding	73.79	77.15	78.86	81.99	70.28	75.97	47.85	63.67	68.38	107.78	126.6	114.73	162.38	183.45	142.59
Accounts Payable Turnover	16.45	9.57	7.96	11.23	10.38	8.94	16.12	11.86	11.37	11.14	12.27	9.4	8.19	7.79	6.36
Accounts Payable Turnover Days	22.19	38.14	45.86	32.49	35.16	40.82	22.64	30.79	32.1	32.77	29.75	38.83	44.56	46.86	57.39
Cash Conversion Cycle	92.34	85.82	71.05	64.12	63.34	83.36	54.89	60.54	72.23	124.89	140.26	128.41	171.99	219.97	174.54
Inventory to Cash Days	-33.04	-30.33	-40.81	-67.36	-42.05	-27.76	-18.16	-36.01	-32.43	-57.89	-83.18	-62.21	-108.2	-100.06	-53.25
Inventories	530	534	523	630	517	426	201	445	497	702	819	783	1,012	1,348	1,073
Raw Materials	54	99	134	125	137	63	29	57	54	135	153	162	192	264	336
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	476	435	389	505	380	363	172	388	444	568	666	621	820	1,084	737

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	- -	2,637	5,541	4,429	6,746	3,386	7,161	4,465	5,964	10,496	9,244	15,826	18,475	19,323	28,835
- Cash & Cash Equivalents	606	901	1,325	1,482	1,127	1,347	2,269	1,404	1,353	1,227	1,451	1,481	1,947	1,621	2,804
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	664	563	223	213	289	215	437	467	595	482	399	234	624	719	655
Enterprise Value	- -	2,196	4,000	2,651	5,206	1,646	4,609	2,384	4,395	9,232	7,817	13,483	16,997	18,249	26,635
Total Capital	4,308	4,168	4,726	5,205	5,838	5,433	5,536	5,679	5,692	6,003	6,358	6,070	7,312	8,696	10,193
Total Debt/Capital (%)	15.41	13.5	4.72	4.1	4.96	3.96	7.89	8.22	10.46	8.03	6.27	3.86	8.54	8.27	6.43
Total Debt / EV	- -	0.26	0.06	0.08	0.06	0.13	0.09	0.2	0.14	0.05	0.05	0.02	0.04	0.04	0.02
EV/Sales	- -	0.65	1.21	0.78	1.27	0.57	1.57	1.06	1.43	3.4	2.67	5.15	5.12	4.34	5.1
EV/EBITDA	- -	9.75	6.61	3.97	5.27	- -	15.72	13.95	100.6	16.77	9.23	55.6	14.59	10.04	12.53
EV/EBIT	- -	- -	10.8	6.28	7.13	- -	25.92	59.43	- -	29.08	13.32	- -	19.83	13.09	16.68
EV/Cash Flow to Firm	- -	- -	4.66	3.6	- -	- -	3.49	- -	- -	- -	31.48	16.63	27.67	14.56	12.68
EV/Free Cash Flow to Firm	- -	- -	6.95	5.53	- -	- -	5.73	- -	- -	- -	- -	- -	- -	- -	21.66
Diluted Market Cap	- -	2,629	5,316	4,489	6,750	3,348	7,151	4,517	5,956	10,566	9,296	15,818	18,566	19,407	28,896
Diluted Enterprise Value	- -	2,187	3,775	2,711	5,209	1,608	4,599	2,436	4,387	9,301	7,868	13,474	17,088	18,333	26,696
EV per Share	- -	25.2	40.2	26.44	51.15	15.82	44.12	22.73	41.68	87.11	73.51	126.47	159.08	170.46	248.21
TTM Sales	2,766	3,369	3,310	3,391	4,113	2,905	2,941	2,244	3,063	2,711	2,923	2,619	3,319	4,206	5,219
TTM EBITDA	167	225	605	668	988	-337	293	171	44	550	847	242	1,165	1,818	2,126
TTM Operating Income	385	432	457	422	730	251	215	40	201	323	439	-281	886	1,394	1,597
TTM Cash Flow to Firm	- -	- -	858	737	-319	- -	1,319	-302	- -	- -	248	811	614	1,254	2,100
TTM Free Cash Flow to Firm	- -	- -	575	480	-485	- -	805	-1,042	- -	- -	-292	-93	-772	-272	1,230

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	- -	6.86	9.27	9.39	-13.73	-147.49	8.65	-4.23	-12.04	-27.84	-30.71	-523.14	-23.67	-63	24.34
EV/EBIT	- -	- -	10.8	6.28	7.13	- -	25.92	59.43	- -	29.08	13.32	- -	19.83	13.09	16.68
Enterprise Value	- -	2,196	4,000	2,651	5,206	1,646	4,609	2,384	4,395	9,232	7,817	13,483	16,997	18,249	26,635
Low Price	- -	19.66	24.45	40.38	39.06	28.22	25.52	36.72	41.37	28.75	68	58.97	129.77	135.7	115.14
EV/Sales	- -	0.65	1.21	0.78	1.27	0.57	1.57	1.06	1.43	3.4	2.67	5.15	5.12	4.34	5.1
EV/EBITDA	- -	9.75	6.61	3.97	5.27	- -	15.72	13.95	100.6	16.77	9.23	55.6	14.59	10.04	12.53
Price/Earnings	- -	- -	14.88	11.16	11.27	- -	- -	30.89	- -	26.32	19.71	- -	22.23	14.95	18.86
Price/Earnings Average	- -	- -	11.49	14.41	8.86	- -	- -	41.63	- -	16.33	20.83	- -	23.12	16.59	13.11
Price/Earnings High	- -	- -	17.57	18.65	11.44	- -	- -	59.63	- -	29.14	28.17	- -	30	25.3	20.19
Price/Earnings Low	- -	- -	6.53	10.2	6.64	- -	- -	26.65	- -	7.64	15.42	- -	16.68	11.24	8.08
Price/Book Value	- -	0.73	1.23	0.89	1.22	0.65	1.4	0.86	1.17	1.9	1.55	2.71	2.76	2.42	3.02
Price/Book Value Average	- -	0.62	0.95	1.15	0.96	0.98	0.88	1.15	1.19	1.18	1.64	1.84	2.87	2.69	2.1
Price/Book Value High	- -	0.8	1.45	1.48	1.23	1.47	1.47	1.65	1.43	2.1	2.22	3.22	3.73	4.1	3.24
Price/Book Value Low	- -	0.48	0.54	0.81	0.72	0.56	0.52	0.74	0.86	0.55	1.21	1.08	2.07	1.82	1.3
Price/Tangible Book Value	- -	0.75	1.29	0.93	1.26	0.66	1.43	0.87	1.19	1.93	1.57	2.73	2.8	2.45	3.05
Price/Tangible Book Value Average	- -	0.63	1	1.19	0.99	1	0.9	1.17	1.21	1.19	1.66	1.86	2.91	2.72	2.12
Price/Tangible Book Value High	- -	0.82	1.52	1.55	1.28	1.5	1.5	1.68	1.46	2.13	2.24	3.25	3.78	4.14	3.27
Price/Tangible Book Value Low	- -	0.48	0.57	0.85	0.74	0.57	0.53	0.75	0.87	0.56	1.23	1.09	2.1	1.84	1.31
Price/Sales	- -	0.78	1.58	1.3	1.63	1.15	2.43	1.99	1.94	3.87	3.16	6.04	5.56	4.59	5.52
Price/Sales Average	- -	0.66	1.22	1.68	1.28	1.74	1.52	2.68	1.97	2.4	3.34	4.1	5.79	5.1	3.84
Price/Sales High	- -	0.86	1.86	2.18	1.65	2.61	2.54	3.84	2.38	4.28	4.52	7.17	7.51	7.77	5.91
Price/Sales Low	- -	0.51	0.69	1.19	0.96	1	0.91	1.71	1.42	1.12	2.47	2.4	4.18	3.45	2.37
Price/Cash Flow	- -	3.45	6.09	6.01	-20.57	16.19	5.33	-13.64	34.19	282.47	38.89	18.11	30.66	15.86	14.01
Price/Cash Flow Average	- -	2.92	4.71	7.76	-16.17	24.39	3.34	-18.38	34.7	175.2	41.09	12.31	31.89	17.6	9.74
Price/Cash Flow High	- -	3.78	7.2	10.04	-20.88	36.71	5.58	-26.34	41.89	312.67	55.57	21.51	41.38	26.84	15
Price/Cash Flow Low	- -	2.24	2.68	5.49	-12.12	14.04	1.99	-11.77	25.01	81.99	30.42	7.19	23.01	11.92	6
Price/Free Cash Flow Average	- -	5.81	7.16	12.12	-10.79	-222.14	5.43	-5.71	-12.23	-17.27	-32.44	-355.6	-24.62	-69.9	16.92
Price/Free Cash Flow High	- -	7.52	10.94	15.7	-13.94	-334.35	9.06	-8.17	-14.76	-30.82	-43.88	-621.4	-31.94	-106.62	26.07
Price/Free Cash Flow Low	- -	4.46	4.07	8.59	-8.09	-127.87	3.22	-3.65	-8.81	-8.08	-24.02	-207.81	-17.76	-47.36	10.43
EV/Sales Average	- -	0.53	0.83	1.16	0.92	1.16	0.66	1.75	1.46	1.93	2.85	3.21	5.35	4.84	3.42
EV/Sales High	- -	0.73	1.51	1.66	1.29	2.04	1.68	2.91	1.87	3.82	4.03	6.28	7.07	7.52	5.5
EV/Sales Low	- -	0.38	0.27	0.67	0.59	0.41	0.04	0.79	0.91	0.66	1.99	1.51	3.73	3.2	1.95
EV/EBITDA Average	- -	7.95	4.53	5.9	3.81	- -	6.61	23.04	102.65	9.53	9.85	34.7	15.22	11.2	8.39
EV/EBITDA High	- -	10.87	8.27	8.42	5.37	- -	16.86	38.27	131.35	18.81	13.92	67.86	20.13	17.4	13.49
EV/EBITDA Low	- -	5.65	1.47	3.4	2.46	- -	0.39	10.37	63.93	3.24	6.85	16.26	10.63	7.4	4.78
EV/EBIT Average	- -	- -	7.4	9.34	5.15	- -	10.89	98.12	- -	16.52	14.21	- -	20.69	14.61	11.18
EV/EBIT High	- -	- -	13.5	13.33	7.27	- -	27.8	162.98	- -	32.61	20.08	- -	27.36	22.68	17.96
EV/EBIT Low	- -	- -	2.41	5.38	3.33	- -	0.64	44.16	- -	5.61	9.89	- -	14.45	9.65	6.36
Last Price	- -	30.26	55.69	44.16	66.29	32.55	68.55	42.57	56.56	99.04	86.94	148.45	172.91	180.49	268.71
High Price	- -	33.16	65.75	73.82	67.3	73.78	71.75	82.17	69.3	109.63	124.23	176.33	233.38	305.47	287.78
Enterprise Value Average	- -	1,790	2,740	3,940	3,764	3,359	1,938	3,936	4,485	5,246	8,340	8,414	17,739	20,368	17,847
Enterprise Value High	- -	2,448	5,002	5,626	5,308	5,935	4,944	6,538	5,738	10,354	11,782	16,455	23,458	31,630	28,681
Enterprise Value Low	- -	1,272	892	2,272	2,434	1,195	114	1,771	2,793	1,782	5,804	3,943	12,388	13,454	10,155

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	86	87	100	100	102	104	104	105	105	106	106	107	107	107	107
Diluted Weighted Avg Shares	86	87	95	102	102	103	104	106	105	107	107	107	107	108	108
Basic Weighted Avg Shares	86	87	94	100	101	103	104	105	105	106	106	107	107	107	107
Revenue per Share	32.14	38.78	35.32	33.9	40.77	28.24	28.19	21.42	29.09	25.61	27.51	24.58	31.07	39.31	48.67
EBITDA per Share	1.94	2.59	6.45	6.67	9.79	-3.28	2.81	1.63	0.41	5.2	7.97	2.28	10.91	16.99	19.83
Operating Income per Share	4.47	4.97	4.88	4.22	7.24	2.44	2.06	0.38	1.91	3.06	4.14	-2.63	8.3	13.02	14.89
Basic EPS, GAAP	-0.46	-1.11	3.74	3.96	5.88	-4.05	-1.59	1.38	-1.09	3.76	4.41	-0.41	7.78	12.07	14.25
Basic EPS from Cont Ops	-0.46	-1.11	3.74	3.96	5.88	-4.05	-1.59	1.38	-1.09	3.76	4.41	-0.41	7.78	12.07	14.25
Diluted EPS, GAAP	-0.46	-1.11	3.67	3.9	5.83	-4.05	-1.59	1.36	-1.09	3.73	4.38	-0.41	7.74	12.02	14.21
Diluted EPS from Cont Ops	-0.46	-1.11	3.67	3.9	5.83	-4.05	-1.59	1.36	-1.09	3.73	4.38	-0.41	7.74	12.02	14.21
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.39	8.78	9.14	7.35	-3.22	2.01	12.85	-3.12	1.65	0.35	2.24	8.2	5.64	11.38	19.18
Free Cash Flow per Basic Share	-8.89	4.41	6.12	4.78	-4.87	-0.22	7.92	-10.18	-4.7	-3.58	-2.85	-0.28	-7.35	-2.88	11.07
Cash & Equivalents per Share	7.77	11.52	17.73	19.85	17.99	18.79	28.61	24.29	20.52	16.48	17.17	24.18	19.68	16.75	26.61
Book Value per Share	42.14	41.37	45.25	49.77	54.52	50.16	48.81	49.7	48.33	52.09	56.05	54.74	62.59	74.51	88.88
Tangible Book Value per Share	41.38	40.58	43.22	47.73	52.61	49.18	47.9	48.85	47.58	51.43	55.48	54.32	61.71	73.74	88.12