Paychex, Inc. Financial Ratios — PCX Stock

Profitability (USD)

	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	2026 Y
As of date	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025	05/31/2026

Return on Common Equity (%)	35.35	33.69	35.35	37.89	40.94	42.74	46.11	41.57	40.66	38.31	46.17	47.35	46.35	41.8	44.77
Return on Assets (%)	9.23	9	10.01	10.51	11.73	12.45	13.48	12.47	12.75	12.35	14.77	15.43	16.15	12.3	10.75
Return on Capital (%)	35.35	33.69	35.38	37.91	40.98	42.82	46.25	36.22	31.73	29.9	36.38	38.08	38.09	25.15	22.47
Return on Invested Capital (%)	34.8	33.25	35.03	37.62	40.84	42.67	45.94	35.93	31.26	29.62	36.12	37.31	36.88	24.42	21.83
Gross Margin (%)	69.95	71.14	70.92	70.51	70.96	70.84	69.86	68.78	68.3	68.66	70.59	70.98	71.97	72.35	74.29
EBITDA Margin (%)	42.68	43.12	43.18	42.35	42.74	43.79	42.32	41.16	41.34	40.74	44.06	44.13	44.53	43.38	45.35
Operating Margin (%)	38.29	38.9	39.01	38.46	38.84	39.77	38.24	36.35	36.15	36.01	39.9	40.6	41.19	39.62	38.55
Incremental Operating Margin (%)	46.39	52.8	40.43	32.13	43.81	53.36	16.73	20.21	33.28	1.23	68.35	48.84	51.99	11.45	32.2
Pretax Margin (%)	38.58	39.18	39.23	38.69	39	39.93	38.49	36.26	35.57	35.35	39.56	40.91	42.02	39.05	35.49
Profit Margin (%)	24.58	24.46	24.91	24.63	25.64	26.21	29.43	27.42	27.18	27.05	30.2	31.1	32.03	29.74	27.03
Net Income to Common Margin (%)	24.58	24.46	24.91	24.63	25.64	26.21	29.43	27.42	27.18	27.05	30.2	31.1	32.03	29.74	27.03
Effective Tax Rate (%)	36.3	37.57	36.49	36.33	34.25	34.37	23.54	24.39	23.59	23.48	23.67	23.97	23.79	23.83	23.83
Dvd Payout Ratio (%)	84.03	83.78	81.37	81.76	80.14	80.15	74.41	79.93	80.99	82.8	71.77	75.45	77.81	87.4	90.31
Sustainable Growth Rate (%)	5.64	5.46	6.58	6.91	8.13	8.48	11.8	8.34	7.73	6.59	13.03	11.62	10.28	5.27	4.34

Credit (USD)

Credit Ratios API ChatGPT

	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	2026 Y
As of date	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025	05/31/2026

Total Debt	- -	- -	- -	- -	- -	- -	- -	809	899	897	881	866	866	5,022	4,608
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	5	7	9	10	19	418	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	809	894	890	873	856	848	4,604	4,608
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	0.52	0.54	0.54	0.43	0.39	0.37	2.08	1.56
Net Debt/EBITDA	-0.11	-0.11	-0.14	-0.15	-0.1	-0.13	-0.25	0.08	-0.06	-0.12	0.21	-0.19	-0.28	1.38	1.17
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	0.59	0.62	0.61	0.48	0.43	0.4	2.27	1.84
Net Debt/EBIT	-0.13	-0.12	-0.16	-0.16	-0.11	-0.15	-0.28	0.09	-0.07	-0.13	0.24	-0.2	-0.3	1.51	1.38
EBITDA to Interest Expense	9,517	10,030	988.82	1,657.43	1,147	552.32	366.54	88.23	43.05	46.16	55.51	60.21	63.02	22.93	10.96
EBITDA-CapEx/Interest Expense	8,621	9,043	912.36	1,510.57	1,058.18	514.6	327.05	81.19	39.77	42.86	51.86	56.31	58.69	21.11	10.09
EBIT to Interest Expense	8,539	9,048	893.36	1,505.14	1,042.36	501.56	331.15	77.91	37.64	40.8	50.27	55.4	58.29	20.95	9.32
Interest Expense	- -	- -	1	1	1	3	4	18	39	36	37	37	37	105	270
Common Equity/Total Assets	24.76	28.78	27.9	27.61	29.68	28.61	29.77	30.19	32.53	31.95	32.02	33.12	36.61	24.92	23.09
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	30.9	32.13	30.18	28.28	24.49	22.3	111.53	123.38
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	23.61	24.28	23.14	22	19.63	18.16	50.31	55.23
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	9.33	10.45	9.64	9.06	8.11	8.16	27.79	28.49
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	30.9	32.31	30.43	28.56	24.78	22.79	121.66	123.38
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	23.61	24.42	23.33	22.22	19.86	18.56	54.89	55.23
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	9.33	10.51	9.72	9.15	8.21	8.34	30.32	28.49
Net Debt to Equity	-6.78	-6.05	-8.58	-9.52	-6.88	-9.44	-15.2	4.69	-3.71	-6.46	14.14	-11.84	-17.14	80.87	92.85
Net Debt/Capital (%)	-7.27	-6.44	-9.39	-10.52	-7.39	-10.43	-17.92	4.46	-3.72	-6.68	12.13	-13.18	-20.37	44.38	47.8
EBITDA	952	1,003	1,088	1,160	1,262	1,381	1,430	1,553	1,670	1,653	2,032	2,210	2,351	2,417	2,953
EBITDA-CapEx	862	904	1,004	1,057	1,164	1,287	1,276	1,429	1,543	1,534	1,898	2,067	2,189	2,225	2,718
Operating Income (Loss)	854	905	983	1,054	1,147	1,254	1,292	1,371	1,461	1,461	1,840	2,033	2,174	2,208	2,511

Liquidity (USD)

Liquidity Ratios API ChatGPT

	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	2026 Y
As of date	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025	05/31/2026

Cash Ratio	0.07	0.12	0.12	0.12	0.08	0.07	0.08	0.15	0.21	0.21	0.23	0.27	0.28	0.24	0.16
Current Ratio	1.07	1.13	1.13	1.11	1.11	1.12	1.11	1.17	1.23	1.25	1.25	1.3	1.37	1.28	1.26
Quick Ratio	0.1	0.16	0.17	0.16	0.18	0.18	0.18	0.32	0.39	0.42	0.48	0.52	0.59	0.52	0.49
CFO/Avg Current Liab	0.17	0.15	0.2	0.2	0.23	0.21	0.25	0.25	0.31	0.27	0.31	0.31	0.34	0.31	0.37
Common Equity/Total Assets	24.76	28.78	27.9	27.61	29.68	28.61	29.77	30.19	32.53	31.95	32.02	33.12	36.61	24.92	23.09
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	30.9	32.13	30.18	28.28	24.49	22.3	111.53	123.38
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	23.61	24.28	23.14	22	19.63	18.16	50.31	55.23
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	9.33	10.45	9.64	9.06	8.11	8.16	27.79	28.49
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	30.9	32.31	30.43	28.56	24.78	22.79	121.66	123.38
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	23.61	24.42	23.33	22.22	19.86	18.56	54.89	55.23
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	9.33	10.51	9.72	9.15	8.21	8.34	30.32	28.49
CFO/Total Liabilities	14.49	15.38	19.18	19.12	22.48	19.69	22.96	20.99	24.98	20.07	24.27	24.19	28.83	15.29	20.55
CFO/CapEx	7.89	6.84	10.47	8.71	10.42	10.18	8.29	10.27	11.35	10.64	11.88	11.93	11.76	9.91	10.88
Altman's Z-Score	- -	3.21	3.29	3.67	4.1	4.13	4	4.8	4.58	5.22	6.01	5.17	6.1	4.57	3.62

Working Capital (USD)

Working Capital Ratios API ChatGPT

	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	2026 Y
As of date	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025	05/31/2026

Accounts Receivable Turnover	14.69	16.87	17.81	16.81	10.09	6.88	7.66	9.49	10.04	8.43	7.08	6.27	5.46	4.66	4.59
Days Sales Outstanding	24.84	21.64	20.49	21.72	36.18	53.03	47.66	38.46	36.34	43.29	51.53	58.21	66.83	78.29	79.54
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

	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	2026 Y
As of date	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025	05/31/2026

Market Capitalization	- -	13,621	14,929	17,878	19,555	21,320	23,548	30,899	25,955	36,411	44,551	37,880	43,278	56,893	34,470
- Cash & Cash Equivalents	109	107	153	170	132	185	358	674	905	995	370	1,222	1,469	1,629	1,088
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	809	899	897	881	866	866	5,022	4,608
Enterprise Value	- -	13,116	14,378	17,342	19,203	20,997	23,124	30,996	25,922	36,277	44,208	37,151	42,641	60,252	37,954
Total Capital	1,605	1,774	1,777	1,786	1,912	1,955	2,357	3,429	3,680	3,845	3,966	4,359	4,667	9,150	8,343
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	23.61	24.42	23.33	22.22	19.86	18.56	54.89	55.23
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	0.03	0.03	0.02	0.02	0.02	0.02	0.08	0.12
EV/Sales	- -	5.64	5.71	6.33	6.51	6.66	6.85	8.22	6.42	8.94	9.59	7.42	8.08	10.81	5.83
EV/EBITDA	- -	13.08	13.22	14.95	15.22	15.21	16.18	19.96	15.52	21.95	21.76	16.81	18.14	24.93	12.85
EV/EBIT	- -	14.5	14.63	16.46	16.75	16.75	17.9	22.6	17.75	24.84	24.03	18.27	19.61	27.29	15.12
EV/Cash Flow to Firm	- -	19.42	16.31	19.36	18.85	21.83	18.07	24.12	17.63	28.17	27.33	21.42	22.14	30.41	13.74
EV/Free Cash Flow to Firm	- -	22.74	18.03	21.87	20.85	24.2	20.55	26.7	19.29	31.02	29.79	23.35	24.16	33.67	15.02
Diluted Market Cap	- -	13,595	15,056	18,047	19,669	21,510	23,712	31,114	26,115	36,644	44,947	38,070	43,518	57,129	34,896
Diluted Enterprise Value	- -	13,089	14,505	17,510	19,317	21,187	23,288	31,211	26,081	36,509	44,604	37,340	42,882	60,489	38,380
EV per Share	- -	35.89	39.61	48.01	53.28	58.42	64.41	86.27	72.25	100.82	122.83	103.05	118.41	167.13	106.73
TTM Sales	2,230	2,326	2,519	2,740	2,952	3,153	3,378	3,773	4,041	4,057	4,612	5,007	5,278	5,572	6,512
TTM EBITDA	952	1,003	1,088	1,160	1,262	1,381	1,430	1,553	1,670	1,653	2,032	2,210	2,351	2,417	2,953
TTM Operating Income	854	905	983	1,054	1,147	1,254	1,292	1,371	1,461	1,461	1,840	2,033	2,174	2,208	2,511
TTM Cash Flow to Firm	707	675	882	896	1,019	962	1,279	1,285	1,471	1,288	1,618	1,734	1,926	1,981	2,762
TTM Free Cash Flow to Firm	617	577	797	793	921	868	1,125	1,161	1,344	1,169	1,484	1,591	1,765	1,789	2,527

Multiples (USD)

Valuation Multiples API ChatGPT

	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	2026 Y
As of date	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025	05/31/2026

Price/Free Cash Flow	- -	23.58	18.9	22.77	21.37	24.84	21.13	27.11	19.88	32.09	30.87	24.35	25.06	33.43	15.03
EV/EBIT	- -	14.5	14.63	16.46	16.75	16.75	17.9	22.6	17.75	24.84	24.03	18.27	19.61	27.29	15.12
Enterprise Value	- -	13,116	14,378	17,342	19,203	20,997	23,124	30,996	25,922	36,277	44,208	37,151	42,641	60,252	37,954
Low Price	- -	31.09	36.56	40.45	42.39	50.54	54.27	62.72	48.58	69.26	100.55	104.64	105.45	115.8	85.29
EV/Sales	- -	5.64	5.71	6.33	6.51	6.66	6.85	8.22	6.42	8.94	9.59	7.42	8.08	10.81	5.83
EV/EBITDA	- -	13.08	13.22	14.95	15.22	15.21	16.18	19.96	15.52	21.95	21.76	16.81	18.14	24.93	12.85
Price/Earnings	- -	23.83	23.89	26.62	25.86	25.83	23.69	29.86	23.62	33.19	32.05	24.32	25.62	34.3	19.77
Price/Earnings Average	- -	21.68	23.84	24.51	24.07	25.67	22.59	25.38	26.2	28.35	30.95	27.05	25.53	30.24	23.94
Price/Earnings High	- -	24.92	26.52	28.02	26.87	27.88	25.41	30.42	29.44	33.4	36.73	32.23	27.84	34.7	32.79
Price/Earnings Low	- -	19.88	21.23	21.75	20.2	22.01	19.6	21.78	15.86	22.71	26.03	24.22	22.48	25.17	17.39
Price/Book Value	- -	7.68	8.4	10.01	10.23	10.9	9.99	11.8	9.33	12.35	14.44	10.84	11.39	13.78	9.23
Price/Book Value Average	- -	6.99	8.39	9.22	9.52	10.84	9.53	10.03	10.35	10.55	13.94	12.06	11.35	12.15	11.18
Price/Book Value High	- -	8.03	9.33	10.54	10.63	11.77	10.72	12.02	11.63	12.43	16.55	14.37	12.37	13.94	15.31
Price/Book Value Low	- -	6.4	7.47	8.18	7.99	9.29	8.27	8.6	6.27	8.45	11.73	10.8	9.99	10.11	8.12
Price/Tangible Book Value	- -	11.4	12.48	15	16.5	17.19	16.8	70.58	39.34	42.76	43.29	25.74	25.11	-24.38	-13.92
Price/Tangible Book Value Average	- -	10.37	12.46	13.82	15.36	17.08	16.03	59.98	43.64	36.53	41.8	28.63	25.02	-21.5	-16.86
Price/Tangible Book Value High	- -	11.92	13.86	15.8	17.14	18.55	18.03	71.9	49.05	43.04	49.62	34.11	27.28	-24.67	-23.09
Price/Tangible Book Value Low	- -	9.51	11.09	12.26	12.89	14.64	13.9	51.47	26.42	29.27	35.16	25.63	22.03	-17.89	-12.25
Price/Sales	- -	5.83	5.95	6.56	6.63	6.77	6.97	8.19	6.42	8.98	9.68	7.56	8.2	10.2	5.34
Price/Sales Average	- -	5.3	5.94	6.04	6.17	6.73	6.65	6.96	7.12	7.67	9.35	8.41	8.18	9	6.47
Price/Sales High	- -	6.1	6.61	6.9	6.89	7.31	7.48	8.34	8	9.04	11.09	10.02	8.92	10.32	8.86
Price/Sales Low	- -	4.86	5.29	5.36	5.18	5.77	5.77	5.97	4.31	6.14	7.86	7.53	7.2	7.49	4.7
Price/Cash Flow	- -	20.08	17.02	20.07	19.22	22.22	18.45	24.29	18	28.9	28.08	22.2	22.82	29.9	13.61
Price/Cash Flow Average	- -	18.27	16.99	18.48	17.89	22.09	17.6	20.65	19.96	24.69	27.11	24.69	22.74	26.37	16.48
Price/Cash Flow High	- -	21	18.89	21.13	19.97	23.99	19.79	24.75	22.44	29.09	32.18	29.42	24.8	30.26	22.57
Price/Cash Flow Low	- -	16.75	15.13	16.4	15.02	18.93	15.26	17.72	12.09	19.78	22.81	22.1	20.02	21.94	11.97
Price/Free Cash Flow Average	- -	21.45	18.86	20.97	19.89	24.68	20.15	23.04	22.05	27.42	29.81	27.09	24.98	29.47	18.2
Price/Free Cash Flow High	- -	24.66	20.98	23.98	22.2	26.81	22.66	27.62	24.78	32.3	35.39	32.28	27.24	33.82	24.93
Price/Free Cash Flow Low	- -	19.66	16.8	18.61	16.69	21.16	17.48	19.77	13.35	21.96	25.08	24.25	21.99	24.53	13.22
EV/Sales Average	- -	5.11	5.7	5.81	6.05	6.62	6.52	6.99	7.12	7.64	9.25	8.27	8.05	9.61	6.95
EV/Sales High	- -	5.91	6.36	6.68	6.76	7.2	7.35	8.37	8	9	11	9.88	8.79	10.93	9.32
EV/Sales Low	- -	4.67	5.05	5.14	5.06	5.66	5.64	6	4.31	6.11	7.77	7.39	7.07	8.1	5.19
EV/EBITDA Average	- -	11.85	13.19	13.73	14.15	15.11	15.41	16.97	17.22	18.74	21	18.74	18.08	22.14	15.32
EV/EBITDA High	- -	13.7	14.73	15.76	15.82	16.43	17.38	20.33	19.35	22.09	24.96	22.39	19.74	25.2	20.54
EV/EBITDA Low	- -	10.82	11.69	12.13	11.83	12.92	13.33	14.57	10.42	15	17.64	16.74	15.88	18.66	11.45
EV/EBIT Average	- -	13.14	14.6	15.12	15.57	16.64	17.06	19.22	19.69	21.21	23.19	20.37	19.54	24.24	18.02
EV/EBIT High	- -	15.18	16.3	17.36	17.41	18.1	19.23	23.02	22.13	25	27.57	24.33	21.34	27.59	24.17
EV/EBIT Low	- -	12	12.94	13.36	13.02	14.23	14.76	16.5	11.91	16.97	19.48	18.2	17.17	20.43	13.47
Last Price	- -	37.28	41.13	49.5	54.26	59.32	65.59	86	72.34	101.2	123.79	105.08	120.18	157.82	96.93
High Price	- -	38.98	45.65	52.12	56.37	64.03	70.37	87.61	90.18	101.85	141.89	139.26	130.61	159.67	160.81
Enterprise Value Average	- -	11,887	14,350	15,928	17,851	20,867	22,035	26,357	28,756	30,974	42,677	41,408	42,492	53,525	45,235
Enterprise Value High	- -	13,738	16,021	18,289	19,963	22,690	24,838	31,574	32,325	36,512	50,722	49,472	46,395	60,920	60,666
Enterprise Value Low	- -	10,855	12,719	14,075	14,925	17,841	19,060	22,632	17,395	24,785	35,845	36,992	37,335	45,106	33,813

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	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	2026 Y
As of date	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025	05/31/2026

Shares Outstanding	363	365	363	361	360	359	359	359	359	360	360	361	360	361	356
Diluted Weighted Avg Shares	363	365	366	365	363	363	362	362	361	362	363	362	362	362	360
Basic Weighted Avg Shares	362	364	365	363	361	360	359	359	359	360	361	360	360	360	359
Revenue per Share	6.15	6.39	6.91	7.55	8.18	8.76	9.41	10.5	11.27	11.27	12.79	13.89	14.65	15.47	18.14
EBITDA per Share	2.63	2.76	2.98	3.2	3.5	3.84	3.98	4.32	4.66	4.59	5.63	6.13	6.52	6.71	8.23
Operating Income per Share	2.36	2.49	2.7	2.9	3.18	3.48	3.6	3.82	4.07	4.06	5.1	5.64	6.03	6.13	6.99
Basic EPS, GAAP	1.51	1.56	1.72	1.86	2.1	2.3	2.77	2.88	3.06	3.05	3.86	4.32	4.69	4.6	4.9
Basic EPS from Cont Ops	1.51	1.56	1.72	1.86	2.1	2.3	2.77	2.88	3.06	3.05	3.86	4.32	4.69	4.6	4.9
Diluted EPS, GAAP	1.51	1.56	1.71	1.85	2.09	2.28	2.75	2.86	3.04	3.03	3.84	4.3	4.67	4.58	4.89
Diluted EPS from Cont Ops	1.51	1.56	1.71	1.85	2.09	2.28	2.75	2.86	3.04	3.03	3.84	4.3	4.67	4.58	4.89
Dividend per Share	1.27	1.31	1.4	1.52	1.68	1.84	2.06	2.3	2.48	2.52	2.77	3.26	3.65	4.02	4.43
Cash Flow per Share	1.95	1.86	2.42	2.47	2.82	2.67	3.56	3.54	4.02	3.5	4.41	4.73	5.27	5.28	7.12
Free Cash Flow per Basic Share	1.7	1.58	2.19	2.18	2.55	2.41	3.13	3.2	3.66	3.17	4.04	4.34	4.82	4.74	6.47
Cash & Equivalents per Share	0.87	1.38	1.52	1.49	0.98	0.9	1.18	1.98	2.6	2.87	3.4	4.43	4.17	4.61	3.16
Book Value per Share	4.42	4.85	4.9	4.94	5.3	5.44	6.56	7.29	7.75	8.19	8.57	9.69	10.56	11.45	10.5
Tangible Book Value per Share	2.84	3.27	3.3	3.3	3.29	3.45	3.9	1.22	1.84	2.37	2.86	4.08	4.79	-6.47	-6.96