Incyte Corporation Financial Ratios — ICY 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 (%)	- -	- -	- -	- -	- -	35.29	-30.55	6.16	19.76	-11.35	29.73	8.37	12.5	0.76	29.87
Return on Assets (%)	-45.58	-13.44	-17.32	-6.8	0.72	7.88	-15.89	4.43	14.72	-8.46	22.33	6.32	9.47	0.53	20.75
Return on Capital (%)	- -	- -	- -	- -	6.64	15.23	- -	6.14	19.42	- -	- -	8.32	12.44	0.75	29.62
Return on Invested Capital (%)	- -	- -	- -	- -	6.32	15.11	- -	6.78	15.97	- -	- -	9.06	9.18	0.14	26.83
Gross Margin (%)	100	99.95	99.82	99.41	96.42	94.74	94.83	95	94.71	95.08	94.94	93.9	93.1	92.64	92.76
EBITDA Margin (%)	-123.01	10.48	3.69	7.16	12.67	18.4	-12.45	9.79	21.15	-7.94	21.55	19.07	19.03	3.55	31.28
Operating Margin (%)	-150.83	0.39	-4.54	-0.94	6.72	14.69	-15.34	8.26	19.53	-9.01	20.11	17.43	17.73	2.39	26.12
Incremental Operating Margin (%)	207.02	70.89	- -	7.22	22.88	31.76	- -	113.14	96.18	- -	263.09	- -	21.17	- -	137.94
Pretax Margin (%)	-197.49	-14.86	-23.34	-9.49	1	9.71	-20.33	6.13	22.55	-8.71	19.1	15.59	22.57	7.47	32.37
Profit Margin (%)	-197.49	-14.92	-23.43	-9.48	0.87	9.43	-20.38	5.82	20.7	-11.09	31.76	10.04	16.17	0.77	25.03
Net Income to Common Margin (%)	-197.49	-14.92	-23.43	-9.48	0.87	9.43	-20.38	5.82	20.7	-11.09	31.76	10.04	16.17	0.77	25.03
Effective Tax Rate (%)	- -	- -	- -	- -	13.57	2.96	- -	5.08	8.19	- -	- -	35.62	28.36	89.7	22.7
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	35.29	-30.55	6.16	19.76	-11.35	29.73	8.37	12.5	0.76	29.87

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	316	331	662	675	620	651	24	36	60	48	45	41	38	44	40
ST Debt	- -	- -	- -	85	- -	- -	7	19	28	15	13	11	9	10	10
LT Debt	316	331	662	590	620	651	17	17	32	33	32	30	29	34	30
Total Debt/EBITDA	-2.72	10.64	50.48	18.44	6.49	3.2	-0.13	0.2	0.13	-0.22	0.07	0.06	0.05	0.29	0.03
Net Debt/EBITDA	-0.37	3.44	14.51	6.09	1.03	- -	4.58	-6.22	-3.97	7.14	-3.2	-4.56	-4.57	-11.21	-1.93
Total Debt/EBIT	-2.21	288.39	-41.09	-140.54	12.24	4.49	-0.1	0.28	0.15	-0.18	0.08	0.07	0.06	0.71	0.03
Net Debt/EBIT	-0.3	93.22	-11.81	-46.39	1.94	-0.01	3.6	-8.87	-4.51	5.74	-3.51	-5.09	-5.18	-27.5	-2.04
EBITDA to Interest Expense	-2.65	0.68	0.34	0.78	2.09	5.25	-27.71	119.37	246.11	-97.46	337.33	242.8	275.65	66.06	662.33
EBITDA-CapEx/Interest Expense	-2.65	0.68	0.34	0.78	2.09	5.25	-27.71	119.37	246.11	-97.46	337.33	242.8	269.77	59.96	652.04
EBIT to Interest Expense	-3.25	0.02	-0.42	-0.1	1.11	4.19	-34.16	100.71	227.33	-110.51	314.74	221.92	256.9	44.43	553.04
Interest Expense	44	46	39	47	46	39	7	2	2	2	2	3	3	2	2
Common Equity/Total Assets	-69.03	-52.95	-30.67	-10.25	16.99	25.6	70.82	72.79	75.83	73.33	76.42	74.82	76.52	63.33	74.27
Long-Term Debt/Equity (%)	- -	- -	- -	- -	362.18	155.31	1.02	0.91	1.23	1.25	0.84	0.69	0.56	0.97	0.58
Long-Term Debt/Capital (%)	354.93	212.07	141.22	99.4	78.36	60.83	1	0.89	1.2	1.23	0.83	0.68	0.56	0.96	0.58
Long-Term Debt/Total Assets (%)	96.11	100.2	105.08	74.07	61.53	39.76	0.72	0.66	0.93	0.91	0.64	0.52	0.43	0.62	0.43
Total Debt/Equity (%)	-139.23	-189.23	-342.59	-827.13	362.18	155.31	1.47	1.88	2.32	1.82	1.19	0.95	0.74	1.26	0.78
Total Debt/Capital (%)	354.93	212.07	141.22	113.75	78.36	60.83	1.45	1.84	2.27	1.79	1.17	0.94	0.73	1.25	0.78
Total Debt/Total Assets (%)	96.11	100.2	105.08	84.77	61.53	39.76	1.04	1.37	1.76	1.33	0.91	0.71	0.56	0.8	0.58
Net Debt to Equity	-18.93	-61.17	-98.46	-273.03	57.52	-0.21	-53.69	-59.53	-69.83	-57.94	-54.57	-67.54	-61.92	-48.96	-59.95
Net Debt/Capital (%)	-23.35	-157.52	-6,401.95	157.79	36.52	-0.21	-115.94	-143.66	-219.67	-132.05	-117.07	-202.13	-159.49	-93.59	-146.81
EBITDA	-116	31	13	37	96	203	-191	184	457	-212	644	647	703	151	1,608
EBITDA-CapEx	-116	31	13	37	96	203	-191	184	457	-212	644	647	688	137	1,583
Operating Income (Loss)	-142	1	-16	-5	51	162	-236	155	422	-240	601	592	655	101	1,343

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	2.05	1.68	4.71	2.72	4.21	2.96	3.12	3.38	4.13	2.85	2.75	2.8	2.95	1.31	2.36
Current Ratio	2.29	2.27	5.14	3.07	5.01	3.64	4.01	4.31	4.83	3.74	3.65	3.54	3.75	1.97	3.32
Quick Ratio	2.09	2.2	5.04	2.98	4.89	3.5	3.83	4.11	4.73	3.62	3.47	3.36	3.55	1.83	3.04
CFO/Avg Current Liab	-1.3	-0.7	0.08	0.16	0.46	1.38	-0.29	0.84	1.51	-0.22	1.01	0.96	0.41	0.23	0.9
Common Equity/Total Assets	-69.03	-52.95	-30.67	-10.25	16.99	25.6	70.82	72.79	75.83	73.33	76.42	74.82	76.52	63.33	74.27
Long-Term Debt/Equity (%)	- -	- -	- -	- -	362.18	155.31	1.02	0.91	1.23	1.25	0.84	0.69	0.56	0.97	0.58
Long-Term Debt/Capital (%)	354.93	212.07	141.22	99.4	78.36	60.83	1	0.89	1.2	1.23	0.83	0.68	0.56	0.96	0.58
Long-Term Debt/Total Assets (%)	96.11	100.2	105.08	74.07	61.53	39.76	0.72	0.66	0.93	0.91	0.64	0.52	0.43	0.62	0.43
Total Debt/Equity (%)	-139.23	-189.23	-342.59	-827.13	362.18	155.31	1.47	1.88	2.32	1.82	1.19	0.95	0.74	1.26	0.78
Total Debt/Capital (%)	354.93	212.07	141.22	113.75	78.36	60.83	1.45	1.84	2.27	1.79	1.17	0.94	0.73	1.25	0.78
Total Debt/Total Assets (%)	96.11	100.2	105.08	84.77	61.53	39.76	1.04	1.37	1.76	1.33	0.91	0.71	0.56	0.8	0.58
CFO/Total Liabilities	-29.08	-18.76	1.12	2.99	10.69	25	-13.84	46.71	85.79	-13.12	64.43	65.94	31.18	16.79	78.94
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	33.1	24.12	56.54
Altman's Z-Score	- -	-2.93	3.41	6.85	14.05	9.62	17.69	11.76	15.12	12.43	9.84	8.7	6.86	4.94	8.68

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	15.59	7.68	6.68	10.96	8.75	8.4	7.4	6.56	7	6.74	5.44	5.38	5.32	5.31	5.48
Days Sales Outstanding	23.41	47.53	54.67	33.29	41.74	43.44	49.31	55.66	52.11	54.12	67.12	67.8	68.56	68.71	66.65
Inventory Turnover	- -	1.13	1.84	7.86	25.22	19.76	15.01	14	12.44	9.44	6.81	5.92	4.86	5.12	4.65
Days Inventory Outstanding	- -	323.15	198.14	46.41	14.47	18.47	24.31	26.08	29.34	38.68	53.58	61.63	75.13	71.25	78.44
Accounts Payable Turnover	- -	0.03	0.05	0.14	1.04	1.15	1.14	1.1	1.27	1.49	1.2	0.98	1.43	2.01	2.03
Accounts Payable Turnover Days	- -	12,124.71	7,960.42	2,689.59	350.21	318.75	319.43	330.82	288.28	244.2	304.27	371.17	256.02	181.95	179.47
Cash Conversion Cycle	- -	-11,754.03	-7,707.61	-2,609.88	-294	-256.83	-245.81	-249.09	-206.83	-151.4	-183.57	-241.74	-112.33	-41.99	-34.38
Inventory to Cash Days	- -	-275.62	-143.47	-13.12	27.27	24.97	25	29.58	22.77	15.44	13.54	6.18	-6.56	-2.54	-11.79
Inventories	- -	- -	- -	- -	2	4	6	7	11	16	28	42	63	59	101
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	2	4	6	7	11	16	28	42	63	59	101

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	- -	2,134	8,141	12,691	20,632	19,274	20,210	13,338	19,119	18,919	16,315	17,681	14,048	13,234	19,638
- Cash & Cash Equivalents	273	224	471	452	521	652	900	1,164	1,833	1,513	2,057	2,951	3,213	1,688	3,098
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	316	331	662	675	620	651	24	36	60	48	45	41	38	44	40
Enterprise Value	- -	2,236	8,293	12,766	20,544	19,117	19,064	11,936	17,061	17,165	14,012	14,483	10,430	11,119	16,098
Total Capital	89	156	468	594	791	1,071	1,655	1,962	2,659	2,659	3,815	4,412	5,228	3,491	5,208
Total Debt/Capital (%)	354.93	212.07	141.22	113.75	78.36	60.83	1.45	1.84	2.27	1.79	1.17	0.94	0.73	1.25	0.78
Total Debt / EV	- -	0.15	0.08	0.05	0.03	0.03	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	7.53	23.36	24.96	27.26	17.29	12.41	6.34	7.9	6.44	4.69	4.27	2.82	2.62	3.13
EV/EBITDA	- -	71.85	632.83	348.7	215.04	93.97	- -	64.8	37.37	- -	21.77	22.38	14.83	73.83	10.01
EV/EBIT	- -	1,948.08	- -	- -	405.59	131.84	- -	92.37	42.44	- -	23.92	25	16.81	181.2	10.63
EV/Cash Flow to Firm	- -	- -	- -	- -	159.47	55.84	- -	35.34	23.95	- -	- -	14.91	20.93	33.14	11.37
EV/Free Cash Flow to Firm	- -	- -	- -	- -	159.47	55.84	- -	35.34	23.95	- -	- -	14.91	21.58	34.57	11.58
Diluted Market Cap	- -	2,074	7,412	12,473	20,704	19,812	19,570	13,486	19,249	18,797	16,388	17,777	14,151	14,404	19,860
Diluted Enterprise Value	- -	2,177	7,565	12,548	20,616	19,655	18,425	12,083	17,192	17,043	14,085	14,580	10,533	12,289	16,320
EV per Share	- -	16.76	50.88	74.71	110.06	101.23	90.24	55.96	78.92	78.21	63.38	65.02	46.5	57.48	81.12
TTM Sales	94	297	355	511	754	1,106	1,536	1,882	2,159	2,667	2,986	3,395	3,696	4,241	5,141
TTM EBITDA	-116	31	13	37	96	203	-191	184	457	-212	644	647	703	151	1,608
TTM Operating Income	-142	1	-16	-5	51	162	-236	155	422	-240	601	592	655	101	1,343
TTM Cash Flow to Firm	- -	- -	- -	- -	129	342	- -	338	712	- -	- -	972	498	336	1,415
TTM Free Cash Flow to Firm	- -	- -	- -	- -	129	342	- -	338	712	- -	- -	972	483	322	1,390

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	- -	-21.87	807.45	475.06	231.56	65.01	-210.46	40.11	27.09	-150.86	21.87	18.33	29.39	44.81	14.3
EV/EBIT	- -	1,948.08	- -	- -	405.59	131.84	- -	92.37	42.44	- -	23.92	25	16.81	181.2	10.63
Enterprise Value	- -	2,236	8,293	12,766	20,544	19,117	19,064	11,936	17,061	17,165	14,012	14,483	10,430	11,119	16,098
Low Price	- -	15.93	16.83	43.97	71.39	55.32	92.51	58.24	61.1	63.38	61.94	65.77	51.56	50.68	54.01
EV/Sales	- -	7.53	23.36	24.96	27.26	17.29	12.41	6.34	7.9	6.44	4.69	4.27	2.82	2.62	3.13
EV/EBITDA	- -	71.85	632.83	348.7	215.04	93.97	- -	64.8	37.37	- -	21.77	22.38	14.83	73.83	10.01
Price/Earnings	- -	- -	- -	- -	3,039.71	183.97	- -	121.31	42.53	- -	17.15	51.73	23.44	434.45	15.01
Price/Earnings Average	- -	- -	- -	- -	2,833.99	150.74	- -	141.86	39.48	- -	18.12	48.71	24.75	399.96	11.68
Price/Earnings High	- -	- -	- -	- -	3,674.17	197.32	- -	198.72	46.57	- -	23.67	55.19	32.36	531.81	16.62
Price/Earnings Low	- -	- -	- -	- -	1,963.19	99.71	- -	112.98	29.38	- -	14.39	42.86	19.29	321.84	8.19
Price/Book Value	- -	-12.2	-42.16	-155.47	120.54	45.95	12.39	6.93	7.36	7.25	4.33	4.05	2.71	3.84	3.8
Price/Book Value Average	- -	-13.16	-23.75	-121.38	112.38	37.65	15.73	8.1	6.83	7.46	4.57	3.81	2.86	3.53	2.96
Price/Book Value High	- -	-14.09	-43.98	-168.3	145.7	49.28	19.99	11.34	8.06	9.49	5.97	4.32	3.74	4.7	4.21
Price/Book Value Low	- -	-12.15	-14.2	-92.05	77.85	24.9	11.99	6.45	5.08	5.33	3.63	3.35	2.23	2.84	2.07
Price/Tangible Book Value	- -	-12.2	-42.16	-155.47	120.54	-2,936.72	16.32	8.58	8.5	8.29	4.71	4.33	2.86	4.16	3.99
Price/Tangible Book Value Average	- -	-13.16	-23.75	-121.38	112.38	-2,406.29	20.72	10.03	7.89	8.53	4.98	4.07	3.02	3.83	3.11
Price/Tangible Book Value High	- -	-14.09	-43.98	-168.3	145.7	-3,149.74	26.33	14.05	9.31	10.86	6.5	4.62	3.95	5.1	4.42
Price/Tangible Book Value Low	- -	-12.15	-14.2	-92.05	77.85	-1,591.72	15.78	7.99	5.87	6.09	3.95	3.59	2.35	3.08	2.18
Price/Sales	- -	6.98	20.88	24.39	26.34	17.34	12.74	7.06	8.8	7.05	5.45	5.19	3.79	3.34	3.76
Price/Sales Average	- -	7.54	11.77	19.04	24.56	14.21	16.17	8.25	8.17	7.26	5.76	4.89	4	3.08	2.92
Price/Sales High	- -	8.07	21.78	26.4	31.84	18.6	20.55	11.56	9.64	9.24	7.52	5.54	5.23	4.09	4.16
Price/Sales Low	- -	6.96	7.04	14.44	17.01	9.4	12.32	6.57	6.08	5.18	4.57	4.3	3.12	2.47	2.05
Price/Cash Flow	- -	-21.87	807.45	475.06	222.04	62.92	-210.46	39.5	26.75	-150.86	21.7	18.17	28.21	42.25	13.67
Price/Cash Flow Average	- -	-23.61	454.96	370.88	207.01	51.55	-267.2	46.2	24.83	-155.39	22.94	17.11	29.79	38.9	10.64
Price/Cash Flow High	- -	-25.26	842.29	514.27	268.39	67.48	-339.47	64.71	29.29	-197.67	29.96	19.38	38.95	51.72	15.13
Price/Cash Flow Low	- -	-21.8	272.05	281.28	143.41	34.1	-203.52	36.79	18.48	-110.93	18.22	15.05	23.22	31.3	7.46
Price/Free Cash Flow Average	- -	-23.61	454.96	370.88	215.89	53.27	-267.2	46.9	25.14	-155.39	23.11	17.26	31.04	41.25	11.13
Price/Free Cash Flow High	- -	-25.26	842.29	514.27	279.9	69.73	-339.47	65.7	29.66	-197.67	30.19	19.56	40.58	54.85	15.83
Price/Free Cash Flow Low	- -	-21.8	272.05	281.28	149.55	35.24	-203.52	37.35	18.71	-110.93	18.35	15.19	24.19	33.2	7.81
EV/Sales Average	- -	8.1	13.35	19.52	25.4	14.14	15.96	7.54	7.27	6.65	5	3.96	3.04	2.37	2.28
EV/Sales High	- -	8.64	24.35	27.01	32.97	18.55	20.47	10.87	8.75	8.64	6.77	4.62	4.27	3.32	3.54
EV/Sales Low	- -	7.5	8.16	14.84	17.56	9.31	11.98	5.86	5.17	4.56	3.81	3.37	2.15	1.81	1.4
EV/EBITDA Average	- -	77.27	361.65	272.68	200.42	76.86	- -	77.07	34.37	- -	23.21	20.78	15.95	66.85	7.3
EV/EBITDA High	- -	82.47	659.64	377.31	260.12	100.85	- -	111.01	41.35	- -	31.41	24.2	22.44	93.52	11.32
EV/EBITDA Low	- -	71.61	220.94	207.3	138.56	50.58	- -	59.83	24.42	- -	17.7	17.69	11.3	51.05	4.46
EV/EBIT Average	- -	2,095.19	- -	- -	378.03	107.83	- -	109.85	39.03	- -	25.5	23.21	18.08	164.08	7.75
EV/EBIT High	- -	2,236.15	- -	- -	490.61	141.48	- -	158.23	46.96	- -	34.52	27.04	25.43	229.53	12.01
EV/EBIT Low	- -	1,941.76	- -	- -	261.34	70.96	- -	85.28	27.74	- -	19.45	19.76	12.81	125.3	4.74
Last Price	- -	15.99	49.95	74.27	110.54	102.06	95.66	62.54	88.44	86.2	73.8	79.38	62.63	68.42	98.95
High Price	- -	18.47	52.1	80.4	133.61	109.46	154.3	102.45	96.85	112.94	101.87	84.69	86.48	83.75	109.53
Enterprise Value Average	- -	2,405	4,739	9,983	19,147	15,635	24,512	14,196	15,690	17,733	14,940	13,450	11,218	10,069	11,744
Enterprise Value High	- -	2,567	8,645	13,813	24,850	20,515	31,453	20,447	18,879	23,036	20,219	15,668	15,778	14,085	18,197
Enterprise Value Low	- -	2,229	2,895	7,589	13,237	10,289	18,398	11,020	11,150	12,158	11,391	11,452	7,947	7,689	7,178

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	126	133	163	171	187	189	211	213	216	219	221	223	224	193	198
Diluted Weighted Avg Shares	125	130	148	168	187	194	205	216	218	218	222	224	226	211	201
Basic Weighted Avg Shares	125	130	148	168	180	188	205	212	215	218	220	222	224	207	195
Revenue per Share	0.75	2.29	2.39	3.05	4.2	5.89	7.51	8.86	10.04	12.23	13.55	15.29	16.53	20.48	26.34
EBITDA per Share	-0.93	0.24	0.09	0.22	0.53	1.08	-0.93	0.87	2.12	-0.97	2.92	2.92	3.14	0.73	8.24
Operating Income per Share	-1.14	0.01	-0.11	-0.03	0.28	0.86	-1.15	0.73	1.96	-1.1	2.72	2.66	2.93	0.49	6.88
Basic EPS, GAAP	-1.49	-0.34	-0.56	-0.29	0.04	0.55	-1.53	0.52	2.08	-1.36	4.3	1.53	2.67	0.16	6.59
Basic EPS from Cont Ops	-1.49	-0.34	-0.56	-0.29	0.04	0.55	-1.53	0.52	2.08	-1.36	4.3	1.53	2.67	0.16	6.59
Diluted EPS, GAAP	-1.49	-0.34	-0.56	-0.29	0.03	0.54	-1.53	0.51	2.05	-1.36	4.27	1.52	2.65	0.15	6.41
Diluted EPS from Cont Ops	-1.49	-0.34	-0.56	-0.29	0.03	0.54	-1.53	0.51	2.05	-1.36	4.27	1.52	2.65	0.15	6.41
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-1.29	-0.73	0.06	0.16	0.5	1.62	-0.45	1.58	3.31	-0.57	3.4	4.37	2.22	1.62	7.24
Free Cash Flow per Basic Share	-1.29	-0.73	0.06	0.16	0.5	1.62	-0.45	1.58	3.31	-0.57	3.4	4.37	2.15	1.55	7.11
Cash & Equivalents per Share	2.19	1.71	3.12	3.51	3.79	4.28	5.54	6.74	9.8	8.21	10.62	14.54	16.3	11.16	18.04
Book Value per Share	-1.8	-1.31	-1.18	-0.48	0.92	2.22	7.72	9.03	12.02	11.9	17.05	19.62	23.14	17.82	26.04
Tangible Book Value per Share	-1.86	-1.31	-1.18	-0.48	0.92	-0.03	5.86	7.29	10.4	10.4	15.67	18.34	21.89	16.43	24.78