Fiserv, Inc. Financial Ratios — FIV 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 (%)	14.55	18.31	18.51	21.92	23.91	35.76	47.27	47.25	5.06	2.93	4.22	8.19	10.11	11	13.17
Return on Assets (%)	5.61	7.17	7.2	8.01	7.64	9.75	12.44	11.02	2.01	1.26	1.77	3.16	3.51	3.73	4.42
Return on Capital (%)	8.97	10.91	10.67	11.82	11.7	14.66	19.01	16.75	3.96	2.78	3.38	5.79	7.13	7.78	8.76
Return on Invested Capital (%)	9.7	10.39	9.57	10.56	12.02	12.46	17.91	16.5	4.04	2.78	3.33	5.67	7.46	9.29	8.59
Gross Margin (%)	41.62	42.2	42.33	43.13	44.63	46.25	46.91	47.3	47.88	47.4	49.91	54.94	59.83	60.83	59.36
EBITDA Margin (%)	31.13	31.51	30.41	31.86	32.89	33.9	34.43	39.46	32	34.08	33.8	38.95	42.61	43.87	42.37
Operating Margin (%)	23.08	23.62	22.04	23.88	24.95	26.25	26.72	26.21	15.65	9.35	14.1	20.78	25.39	28.74	26.89
Incremental Operating Margin (%)	- -	39.46	3.44	59.13	53.72	53.39	40.31	3.15	1.56	- -	65.5	92.52	85.62	75.72	- -
Pretax Margin (%)	16.86	19.86	18.65	20.67	20.12	23.16	23.84	26.7	10.63	7.88	10.27	16.42	20.42	22.03	20.12
Profit Margin (%)	11	13.77	13.46	14.88	13.55	16.89	21.88	20.38	8.77	6.45	8.22	14.26	16.07	15.31	16.42
Net Income to Common Margin (%)	11	13.77	13.46	14.88	13.55	16.89	21.88	20.38	8.77	6.45	8.22	14.26	16.07	15.31	16.42
Effective Tax Rate (%)	35.13	34.05	36.53	36.68	35.67	38.59	11.63	24.31	18.28	16.74	21.79	18.92	19.34	14.23	19.02
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	14.55	18.31	18.51	21.92	23.91	35.76	47.27	47.25	5.06	2.93	4.22	8.19	10.11	11	13.17

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	3,395	3,230	3,848	3,790	4,293	4,562	4,900	5,959	21,899	20,684	21,237	21,542	23,236	24,956	29,123
ST Debt	179	2	92	92	5	95	3	4	287	384	508	592	873	1,226	1,365
LT Debt	3,216	3,228	3,756	3,698	4,288	4,467	4,897	5,955	21,612	20,300	20,729	20,950	22,363	23,730	27,758
Total Debt/EBITDA	2.54	2.31	2.63	2.35	2.48	2.44	2.5	2.59	6.72	4.09	3.87	3.12	2.86	2.78	3.24
Net Debt/EBITDA	2.29	2.05	2.36	2.17	2.33	2.28	2.33	2.41	6.33	3.76	3.58	2.85	2.58	2.52	2.91
Total Debt/EBIT	3.43	3.08	3.63	3.13	3.27	3.16	3.2	3.4	13.61	11.17	9.28	5.76	4.63	4.24	5.01
Net Debt/EBIT	3.09	2.74	3.25	2.89	3.06	2.95	2.99	3.16	12.82	10.28	8.57	5.27	4.18	3.85	4.48
EBITDA to Interest Expense	7.1	8.03	8.98	9.84	10.16	11.45	11.21	12.16	6.43	7.07	7.88	9.26	8.1	7.25	5.86
EBITDA-CapEx/Interest Expense	7.1	8.03	8.98	9.84	10.16	11.45	11.21	12.16	6.43	7.07	7.88	9.26	8.1	7.25	5.86
EBIT to Interest Expense	5.27	6.02	6.51	7.38	7.71	8.87	8.7	8.07	3.14	1.94	3.29	4.94	4.83	4.75	3.72
Interest Expense	188	174	163	164	170	163	175	189	507	716	696	746	1,004	1,238	1,531
Common Equity/Total Assets	38.11	40.21	37.69	35.4	28.48	26.08	26.54	20.36	42.53	43.33	40.59	36.76	32.85	35.07	32.19
Long-Term Debt/Equity (%)	98.71	94.47	104.77	112.23	161.2	175.8	179.31	259.7	62	60.91	64.88	66.11	72.92	85.71	107.55
Long-Term Debt/Capital (%)	48.34	48.56	50.53	52.19	61.67	62.89	64.17	72.16	38.08	37.58	38.97	39.36	41.49	45.08	50.53
Long-Term Debt/Total Assets (%)	37.62	37.99	39.48	39.73	45.91	45.85	47.59	52.88	27.87	27.2	27.19	24.98	24.6	30.75	34.64
Total Debt/Equity (%)	104.21	94.53	107.34	115.02	161.39	179.54	179.42	259.88	62.83	62.06	66.47	67.98	75.76	90.14	112.84
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt/Total Assets (%)	39.72	38.01	40.45	40.72	45.96	46.82	47.62	52.91	28.24	27.72	27.85	25.69	25.56	32.34	36.34
Net Debt to Equity	93.86	84.05	96.18	106.1	151.05	167.73	167.52	241.56	59.16	57.11	61.36	62.19	68.31	81.71	101.08
Net Debt/Capital (%)	48.42	45.67	49.03	51.48	60.17	62.65	62.62	70.68	36.92	35.84	37.45	37.66	39.75	44.01	48.19
EBITDA	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
EBITDA-CapEx	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
Operating Income (Loss)	990	1,048	1,061	1,210	1,311	1,445	1,522	1,526	1,594	1,388	2,288	3,686	4,847	5,879	5,698

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	0.24	0.32	0.3	0.2	0.18	0.16	0.17	0.21	0.06	0.06	0.05	0.03	0.04	0.06	0.03
Current Ratio	0.98	1.31	1.18	0.97	1	0.95	1.02	1.11	1.08	1.04	1.03	1.04	1.04	1.06	1.03
Quick Ratio	0.72	0.92	0.86	0.73	0.72	0.66	0.68	0.73	0.23	0.22	0.2	0.17	0.14	0.25	0.21
CFO/Avg Current Liab	0.83	0.66	0.85	0.93	0.9	0.86	0.79	0.79	0.32	0.26	0.24	0.21	0.17	0.24	0.26
Common Equity/Total Assets	38.11	40.21	37.69	35.4	28.48	26.08	26.54	20.36	42.53	43.33	40.59	36.76	32.85	35.07	32.19
Long-Term Debt/Equity (%)	98.71	94.47	104.77	112.23	161.2	175.8	179.31	259.7	62	60.91	64.88	66.11	72.92	85.71	107.55
Long-Term Debt/Capital (%)	48.34	48.56	50.53	52.19	61.67	62.89	64.17	72.16	38.08	37.58	38.97	39.36	41.49	45.08	50.53
Long-Term Debt/Total Assets (%)	37.62	37.99	39.48	39.73	45.91	45.85	47.59	52.88	27.87	27.2	27.19	24.98	24.6	30.75	34.64
Total Debt/Equity (%)	104.21	94.53	107.34	115.02	161.39	179.54	179.42	259.88	62.83	62.06	66.47	67.98	75.76	90.14	112.84
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt/Total Assets (%)	39.72	38.01	40.45	40.72	45.96	46.82	47.62	52.91	28.24	27.72	27.85	25.69	25.56	32.34	36.34
CFO/Total Liabilities	17.86	16.26	17.53	21.74	20.15	19.87	19.62	17.3	6.55	10.04	9.11	8.85	8.57	13.4	11.16
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	9.36	9.8	10.94	11.11	10.9	11.09	9.93	2.57	2.79	2.67	2.33	2.33	3.84	2.84

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	6.93	6.69	6.82	6.54	6.57	6.46	6	5.69	5.32	5.64	6.07	5.5	5.33	5.6	5.5
Days Sales Outstanding	52.68	54.59	53.53	55.8	55.58	56.49	60.84	64.12	68.63	64.68	60.08	66.31	68.51	65.19	66.36
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	- -	10,534	15,040	17,361	21,221	23,162	27,474	28,594	79,788	75,274	67,894	63,546	79,307	116,311	35,950
- Cash & Cash Equivalents	337	358	400	294	275	300	325	415	893	906	835	902	1,204	1,236	798
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	1,878	999	998	860	812	618	17
+ Total Debt	3,395	3,230	3,848	3,790	4,293	4,562	4,900	5,959	21,899	20,684	21,237	21,542	23,236	24,956	29,123
Enterprise Value	- -	13,406	18,488	20,857	25,239	27,424	32,049	34,138	102,672	96,051	89,294	85,046	102,151	140,649	64,292
Total Capital	6,653	6,647	7,433	7,085	6,953	7,103	7,631	8,252	56,756	54,013	53,187	53,230	53,905	52,642	54,932
Total Debt/Capital (%)	51.03	48.59	51.77	53.49	61.74	64.23	64.21	72.21	38.58	38.29	39.93	40.47	43.11	47.41	53.02
Total Debt / EV	- -	0.24	0.21	0.18	0.17	0.17	0.15	0.17	0.21	0.22	0.24	0.25	0.23	0.18	0.45
EV/Sales	- -	3.02	3.84	4.12	4.8	4.98	5.63	5.86	10.08	6.47	5.5	4.79	5.35	6.88	3.03
EV/EBITDA	- -	9.59	12.63	12.92	14.61	14.7	16.34	14.86	31.49	18.97	16.28	12.31	12.56	15.67	7.16
EV/EBIT	- -	12.79	17.42	17.24	19.25	18.98	20.92	19.47	63.81	51.86	39.03	22.74	20.37	23.92	11.05
EV/Cash Flow to Firm	- -	14.25	16.18	14.78	17.34	17.91	19.57	20.14	31.99	20.25	19.5	16.28	17.11	18.28	8.8
EV/Free Cash Flow to Firm	- -	14.25	16.18	14.78	17.34	17.91	19.57	20.14	31.99	20.25	19.5	16.28	17.11	18.28	8.8
Diluted Market Cap	- -	10,857	15,040	18,257	22,417	24,065	28,532	30,138	79,788	76,883	70,150	65,352	82,253	120,044	36,960
Diluted Enterprise Value	- -	13,729	18,488	21,753	26,435	28,327	33,107	35,682	102,672	97,660	91,550	86,852	105,097	144,382	65,302
EV per Share	- -	25.12	36.01	43.4	56.01	63.63	77.19	86.98	151.01	143.55	137.38	134.99	171.97	249.38	120.4
TTM Sales	4,289	4,436	4,814	5,066	5,254	5,505	5,696	5,823	10,187	14,852	16,226	17,737	19,093	20,456	21,193
TTM EBITDA	1,335	1,398	1,464	1,614	1,728	1,866	1,961	2,298	3,260	5,062	5,484	6,909	8,135	8,974	8,979
TTM Operating Income	990	1,048	1,061	1,210	1,311	1,445	1,522	1,526	1,594	1,388	2,288	3,686	4,847	5,879	5,698
TTM Cash Flow to Firm	1,067	941	1,142	1,411	1,455	1,531	1,638	1,695	3,209	4,743	4,578	5,223	5,972	7,693	7,302
TTM Free Cash Flow to Firm	1,067	941	1,142	1,411	1,455	1,531	1,638	1,695	3,209	4,743	4,578	5,223	5,972	7,693	7,302

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	- -	13.14	14.48	13.97	16.65	16.82	19.24	19.42	28.55	18.54	17.39	14.15	15.93	18.1	6.1
EV/EBIT	- -	12.79	17.42	17.24	19.25	18.98	20.92	19.47	63.81	51.86	39.03	22.74	20.37	23.92	11.05
Enterprise Value	- -	13,406	18,488	20,857	25,239	27,424	32,049	34,138	102,672	96,051	89,294	85,046	102,151	140,649	64,292
Low Price	- -	18.15	19.89	27.61	34.78	42.47	51.44	60.67	69.24	74.56	92.01	87.53	97.23	131.27	58.22
EV/Sales	- -	3.02	3.84	4.12	4.8	4.98	5.63	5.86	10.08	6.47	5.5	4.79	5.35	6.88	3.03
EV/EBITDA	- -	9.59	12.63	12.92	14.61	14.7	16.34	14.86	31.49	18.97	16.28	12.31	12.56	15.67	7.16
Price/Earnings	- -	17.24	23.21	23.02	29.8	24.91	22.05	24.09	89.35	78.57	50.9	25.12	26.81	37.15	10.33
Price/Earnings Average	- -	16.58	17.81	20.27	26.73	23.51	20.26	24.72	72.88	73.25	54.3	24.88	23.76	29.97	24.24
Price/Earnings High	- -	17.73	23.21	23.31	31.74	25.97	22.22	27.84	90.57	87.4	62.45	27.6	27.59	40.5	37.02
Price/Earnings Low	- -	15.85	15.76	17.6	22.01	19.68	17.14	20.06	52.72	52.07	44.83	21.8	19.52	23.65	8.93
Price/Book Value	- -	3.08	4.2	5.27	7.98	9.12	10.06	12.47	2.42	2.33	2.19	2.06	2.66	4.3	1.39
Price/Book Value Average	- -	2.96	3.22	4.64	7.16	8.61	9.24	12.8	1.97	2.17	2.34	2.04	2.35	3.47	3.27
Price/Book Value High	- -	3.17	4.2	5.33	8.5	9.5	10.14	14.41	2.45	2.59	2.69	2.27	2.73	4.68	5
Price/Book Value Low	- -	2.83	2.85	4.03	5.89	7.2	7.82	10.38	1.43	1.54	1.93	1.79	1.93	2.74	1.21
Price/Tangible Book Value	- -	-3.47	-3.99	-4.43	-4.81	-4.97	-5.79	-5.15	-3.85	-3.89	-3.48	-3.45	-4.27	-5.98	-1.63
Price/Tangible Book Value Average	- -	-3.34	-3.06	-3.9	-4.31	-4.69	-5.32	-5.28	-3.14	-3.63	-3.72	-3.42	-3.79	-4.82	-3.82
Price/Tangible Book Value High	- -	-3.57	-3.99	-4.49	-5.12	-5.18	-5.84	-5.95	-3.91	-4.33	-4.27	-3.8	-4.4	-6.52	-5.84
Price/Tangible Book Value Low	- -	-3.19	-2.71	-3.39	-3.55	-3.92	-4.51	-4.29	-2.27	-2.58	-3.07	-3	-3.11	-3.81	-1.41
Price/Sales	- -	2.37	3.12	3.43	4.04	4.21	4.82	4.91	7.83	5.07	4.18	3.58	4.31	5.69	1.7
Price/Sales Average	- -	2.28	2.4	3.02	3.62	3.97	4.43	5.04	6.39	4.72	4.46	3.55	3.82	4.59	3.98
Price/Sales High	- -	2.44	3.12	3.47	4.3	4.39	4.86	5.67	7.94	5.64	5.13	3.94	4.43	6.2	6.08
Price/Sales Low	- -	2.18	2.12	2.62	2.98	3.32	3.75	4.09	4.62	3.36	3.69	3.11	3.14	3.62	1.47
Price/Cash Flow	- -	12.75	14.48	13.28	15.77	16.19	18.53	18.42	28.55	18.15	16.83	13.76	15.93	17.54	5.93
Price/Cash Flow Average	- -	12.26	11.11	11.69	14.14	15.28	17.02	18.91	23.28	16.92	17.96	13.63	14.12	14.15	13.91
Price/Cash Flow High	- -	13.11	14.48	13.45	16.79	16.88	18.67	21.29	28.94	20.19	20.65	15.12	16.4	19.12	21.25
Price/Cash Flow Low	- -	11.72	9.83	10.15	11.64	12.79	14.4	15.34	16.84	12.03	14.83	11.94	11.6	11.16	5.13
Price/Free Cash Flow Average	- -	12.64	11.11	12.3	14.94	15.88	17.67	19.93	23.28	17.28	18.55	14.02	14.12	14.6	14.3
Price/Free Cash Flow High	- -	13.52	14.48	14.14	17.74	17.53	19.39	22.44	28.94	20.62	21.34	15.55	16.4	19.74	21.85
Price/Free Cash Flow Low	- -	12.08	9.83	10.68	12.3	13.29	14.96	16.17	16.84	12.29	15.32	12.28	11.6	11.52	5.27
EV/Sales Average	- -	2.93	3.11	3.71	4.39	4.75	5.23	5.99	8.64	6.12	5.78	4.76	4.88	5.78	5.32
EV/Sales High	- -	3.09	3.84	4.16	5.07	5.16	5.66	6.63	10.19	7.04	6.45	5.15	5.47	7.39	7.42
EV/Sales Low	- -	2.83	2.84	3.31	3.75	4.1	4.55	5.04	6.87	4.76	5	4.32	4.22	4.81	2.8
EV/EBITDA Average	- -	9.3	10.24	11.64	13.34	14	15.2	15.18	26.98	17.97	17.11	12.22	11.45	13.17	12.55
EV/EBITDA High	- -	9.8	12.63	13.06	15.4	15.23	16.45	16.79	31.83	20.65	19.09	13.22	12.84	16.84	17.51
EV/EBITDA Low	- -	8.98	9.33	10.39	11.39	12.09	13.22	12.77	21.46	13.96	14.81	11.09	9.91	10.96	6.62
EV/EBIT Average	- -	12.41	14.13	15.52	17.58	18.08	19.46	19.9	54.67	49.11	41.01	22.58	18.58	20.1	19.37
EV/EBIT High	- -	13.08	17.42	17.41	20.3	19.66	21.06	22.01	64.49	56.43	45.77	24.42	20.84	25.71	27.02
EV/EBIT Low	- -	11.98	12.87	13.86	15.02	15.62	16.93	16.75	43.48	38.16	35.49	20.49	16.07	16.73	10.22
Last Price	- -	19.74	29.29	36.12	47.09	53.74	66.17	72.85	117.35	112.5	104.45	100.87	133.51	206.23	67.32
High Price	- -	20.3	29.29	36.57	50.15	56.03	66.69	84.19	118.96	125.14	128.17	110.84	137.42	224.83	241.28
Enterprise Value Average	- -	13,001	14,992	18,780	23,053	26,129	29,814	34,885	87,966	90,950	93,836	84,457	93,144	118,168	112,681
Enterprise Value High	- -	13,703	18,488	21,072	26,617	28,412	32,264	38,589	103,763	104,509	104,713	91,328	104,473	151,142	157,188
Enterprise Value Low	- -	12,556	13,659	16,766	19,688	22,566	25,934	29,355	69,959	70,663	81,207	76,644	80,596	98,371	59,433

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	560	534	513	481	451	431	415	393	680	669	650	630	594	564	534
Diluted Weighted Avg Shares	577	550	513	505	476	448	431	414	680	683	672	648	616	582	549
Basic Weighted Avg Shares	560	534	513	481	451	431	415	393	680	669	650	630	616	564	534
Revenue per Share	7.65	8.31	9.38	10.54	11.66	12.77	13.72	14.84	14.98	22.2	24.96	28.15	30.99	36.27	39.69
EBITDA per Share	2.38	2.62	2.85	3.36	3.83	4.33	4.72	5.85	4.79	7.57	8.44	10.97	13.2	15.91	16.81
Operating Income per Share	1.77	1.96	2.07	2.52	2.91	3.35	3.67	3.89	2.34	2.07	3.52	5.85	7.87	10.42	10.67
Basic EPS, GAAP	0.84	1.15	1.26	1.57	1.58	2.16	3	3.02	1.31	1.43	2.05	4.02	4.98	5.55	6.52
Basic EPS from Cont Ops	0.87	1.11	1.27	1.57	1.58	2.16	2.97	3.02	1.34	1.46	2.16	4.1	5.08	5.64	6.54
Diluted EPS, GAAP	0.82	1.11	1.26	1.49	1.5	2.08	2.89	2.87	1.31	1.4	1.99	3.9	4.98	5.38	6.34
Diluted EPS from Cont Ops	0.84	1.08	1.27	1.49	1.5	2.08	2.86	2.87	1.34	1.43	2.09	3.99	5.08	5.46	6.36
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.69	1.55	2.02	2.72	2.99	3.32	3.57	3.95	4.11	6.2	6.21	7.33	8.38	11.76	11.35
Free Cash Flow per Basic Share	1.69	1.55	2.02	2.72	2.99	3.32	3.57	3.95	4.11	6.2	6.21	7.33	8.38	11.76	11.35
Cash & Equivalents per Share	0.6	0.67	0.78	0.61	0.61	0.7	0.78	1.06	1.31	1.35	1.28	1.43	2.03	2.19	1.49
Book Value per Share	5.81	6.4	6.98	6.86	5.9	5.9	6.58	5.84	48.51	48.32	47.62	48.93	50.26	47.99	48.3
Tangible Book Value per Share	-5.97	-5.68	-7.35	-8.15	-9.79	-10.82	-11.42	-14.15	-30.45	-28.92	-29.98	-29.2	-31.24	-34.5	-41.33