VeriSign, Inc. Financial Ratios — VRS 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 (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	6.65	16.33	23.05	15.58	17.62	18.78	17.33	23.99	32.5	45.01	41.85	36.25	46.96	49.8	60.44
Return on Capital (%)	26.7	55.5	- -	58.62	71.51	71.79	61.54	86.66	195.39	- -	- -	192.36	392.01	2,807.31	-345.38
Return on Invested Capital (%)	24.44	51.66	- -	31.51	51.28	69.15	58.31	77.47	173.27	- -	- -	175.08	312.49	- -	- -
Gross Margin (%)	78.59	80.81	80.62	81.35	81.8	82.64	83.41	84.19	85.35	85.76	85.55	85.91	86.79	87.71	88.15
EBITDA Margin (%)	49.88	58.63	61.02	62.18	63	65.2	65.02	67.14	69.21	68.82	68.9	69.48	69.97	70.32	69.55
Operating Margin (%)	44.68	52.35	54.73	55.88	57.2	60.11	60.74	63.16	65.45	65.15	65.29	66.19	67.01	67.95	67.67
Incremental Operating Margin (%)	104.77	110.64	77.5	80.38	84.3	97.37	92.25	119.64	232.06	54.13	68.11	78.42	84.31	89.58	63.31
Pretax Margin (%)	25.08	47.24	47.33	47.85	46.03	50.88	51.41	60.04	61.61	59.31	58.92	61.77	65.4	65.62	64.5
Profit Margin (%)	18.51	36.63	56.41	35.17	35.42	38.58	39.25	47.94	49.71	64.42	59.11	47.29	54.76	50.45	49.84
Net Income to Common Margin (%)	18.51	36.63	56.41	35.17	35.42	38.58	39.25	47.94	49.71	64.42	59.11	47.29	54.76	50.45	49.84
Effective Tax Rate (%)	28.43	24.28	- -	26.49	23.05	24.18	23.67	20.15	19.3	- -	- -	23.45	16.27	23.11	22.72
Dvd Payout Ratio (%)	334.52	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26.06
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	690	698	1,374	1,361	1,870	1,867	2,410	1,785	1,792	1,795	1,788	1,795	1,798	1,802	1,798
ST Debt	- -	- -	624	621	634	630	628	- -	- -	- -	- -	6	5	305	6
LT Debt	690	698	750	740	1,235	1,237	1,783	1,785	1,792	1,795	1,788	1,790	1,792	1,497	1,792
Total Debt/EBITDA	1.79	1.36	2.33	2.17	2.8	2.51	3.18	2.19	2.1	2.06	1.95	1.81	1.72	1.65	1.56
Net Debt/EBITDA	-1.62	1.11	1.76	1.86	2.46	2.2	2.57	1.75	1.5	1.6	1.71	1.43	1.48	1.45	1.28
Total Debt/EBIT	2.1	1.53	2.6	2.41	3.09	2.72	3.41	2.33	2.22	2.18	2.06	1.9	1.8	1.7	1.6
Net Debt/EBIT	-1.89	1.24	1.96	2.07	2.71	2.38	2.75	1.86	1.59	1.69	1.8	1.5	1.55	1.5	1.32
EBITDA to Interest Expense	2.61	10.2	7.88	7.3	6.33	6.61	5.69	7.33	9.41	9.66	10.98	13.15	13.87	14.54	14.96
EBITDA-CapEx/Interest Expense	1.31	9.15	7	6.85	5.94	5.11	5.32	7	8.96	9.18	10.34	12.78	13.27	14.17	14.67
EBIT to Interest Expense	2.34	9.11	7.07	6.56	5.74	6.09	5.32	6.89	8.9	9.14	10.41	12.52	13.29	14.05	14.56
Interest Expense	147	50	75	86	106	113	133	111	91	90	83	75	75	75	77
Common Equity/Total Assets	-4.75	-0.45	-15.92	-46.47	-45.4	-51.43	-42.85	-72.37	-80.37	-78.68	-63.54	-90.12	-90.39	-139.2	-162.47
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	114.64	101.35	78.91	155.07	154.57	185.66	155.02	446.74	593.36	443.22	338.87	768.69	827.9	-956.84	-503.14
Long-Term Debt/Total Assets (%)	37.18	33.82	28.19	38.93	52.4	52.99	60.61	93.24	96.66	101.6	90.14	103.24	102.48	106.4	135.17
Total Debt/Equity (%)	-783.24	-7,482.72	-324.41	-154.03	-174.66	-155.5	-191.24	-128.84	-120.27	-129.14	-141.86	-114.9	-113.69	-92.01	-83.46
Total Debt/Capital (%)	114.64	101.35	144.56	285.09	233.93	280.17	209.6	446.74	593.36	443.22	338.87	771.05	830.25	-1,151.85	-504.77
Total Debt/Total Assets (%)	37.18	33.82	51.64	71.58	79.3	79.97	81.94	93.24	96.66	101.6	90.14	103.55	102.77	128.08	135.61
Net Debt to Equity	707.39	-6,080.42	-244.32	-132.34	-153.3	-136.18	-154.28	-103.04	-85.86	-99.91	-123.93	-90.53	-98.05	-80.98	-68.72
Net Debt/Capital (%)	87.61	101.67	169.29	409.21	287.61	376.37	284.24	3,386.38	-620.55	36,075.04	513.54	-1,004.47	-6,568.22	-436.68	-222.9
EBITDA	385	512	589	628	667	745	758	816	852	871	915	990	1,045	1,095	1,152
EBITDA-CapEx	192	459	523	589	627	575	708	779	812	827	862	963	999	1,067	1,129
Operating Income (Loss)	345	457	528	564	606	687	708	767	806	824	867	943	1,001	1,058	1,121

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	2.04	2.24	0.85	0.99	1.27	1.18	1.55	1.34	1.26	1.18	1.12	0.88	0.78	0.39	0.44
Current Ratio	2.2	2.36	0.89	1.03	1.31	1.21	1.57	1.39	1.32	1.23	1.18	0.93	0.83	0.43	0.49
Quick Ratio	2.08	2.28	0.88	1.02	1.3	1.2	1.55	1.35	1.28	1.19	1.13	0.89	0.79	0.4	0.45
CFO/Avg Current Liab	0.51	0.79	0.43	0.35	0.46	0.46	0.46	0.56	0.79	0.75	0.78	0.76	0.74	0.66	0.76
Common Equity/Total Assets	-4.75	-0.45	-15.92	-46.47	-45.4	-51.43	-42.85	-72.37	-80.37	-78.68	-63.54	-90.12	-90.39	-139.2	-162.47
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	114.64	101.35	78.91	155.07	154.57	185.66	155.02	446.74	593.36	443.22	338.87	768.69	827.9	-956.84	-503.14
Long-Term Debt/Total Assets (%)	37.18	33.82	28.19	38.93	52.4	52.99	60.61	93.24	96.66	101.6	90.14	103.24	102.48	106.4	135.17
Total Debt/Equity (%)	-783.24	-7,482.72	-324.41	-154.03	-174.66	-155.5	-191.24	-128.84	-120.27	-129.14	-141.86	-114.9	-113.69	-92.01	-83.46
Total Debt/Capital (%)	114.64	101.35	144.56	285.09	233.93	280.17	209.6	446.74	593.36	443.22	338.87	771.05	830.25	-1,151.85	-504.77
Total Debt/Total Assets (%)	37.18	33.82	51.64	71.58	79.3	79.97	81.94	93.24	96.66	101.6	90.14	103.55	102.77	128.08	135.61
CFO/Total Liabilities	17.28	25.95	18.79	21.58	19.54	19.6	16.73	21.14	22.54	23.13	24.88	25.22	25.64	26.83	31.35
CFO/CapEx	1.74	10.14	8.83	15.28	16.48	4.09	14.2	18.86	18.7	16.83	15.23	30.33	18.64	32.12	47.86
Altman's Z-Score	- -	-10.41	-7.93	-11.34	-8.05	-8.82	-5.75	-8.24	-7.28	-6.58	-3.97	-6.14	-5.38	-7.75	-6.67

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	51.73	66.05	76.87	74.61	81.22	88.92	128.3	218.13	326.14	410.33	267.07	247.81	238.9	261.75	249.11
Days Sales Outstanding	7.06	5.53	4.75	4.89	4.49	4.1	2.84	1.67	1.12	0.89	1.37	1.47	1.53	1.39	1.47
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	- -	5,856	7,829	6,804	9,707	7,772	11,297	17,878	22,663	24,587	28,221	21,493	20,860	19,779	22,708
- Cash & Cash Equivalents	1,313	131	339	192	229	232	466	357	508	401	224	374	240	207	308
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	690	698	1,374	1,361	1,870	1,867	2,410	1,785	1,792	1,795	1,788	1,795	1,798	1,802	1,798
Enterprise Value	- -	4,997	7,480	6,740	9,661	7,841	11,292	18,394	23,237	25,215	28,804	22,308	21,732	20,981	23,925
Total Capital	602	688	950	477	799	666	1,150	400	302	405	528	233	217	-156	-356
Total Debt/Capital (%)	114.64	101.35	144.56	285.09	233.93	280.17	209.6	446.74	593.36	443.22	338.87	771.05	830.25	-1,151.85	-504.77
Total Debt / EV	- -	0.14	0.18	0.2	0.19	0.24	0.21	0.1	0.08	0.07	0.06	0.08	0.08	0.09	0.08
EV/Sales	- -	5.72	7.75	6.67	9.12	6.87	9.69	15.14	18.87	19.93	21.7	15.66	14.55	13.47	14.44
EV/EBITDA	- -	9.76	12.7	10.73	14.47	10.53	14.91	22.55	27.26	28.96	31.49	22.53	20.8	19.16	20.76
EV/EBIT	- -	10.93	14.16	11.94	15.94	11.42	15.96	23.97	28.83	30.59	33.23	23.65	21.72	19.83	21.34
EV/Cash Flow to Firm	- -	8.68	- -	10.15	12.86	10.07	14.04	23.38	28.1	- -	- -	25.1	23.7	21.84	20.79
EV/Free Cash Flow to Firm	- -	9.56	- -	10.79	13.6	12.88	14.96	24.54	29.54	- -	- -	25.9	24.95	22.5	21.21
Diluted Market Cap	- -	6,257	9,121	8,093	11,731	9,713	14,375	18,269	23,101	24,983	28,642	22,044	21,314	20,446	23,177
Diluted Enterprise Value	- -	5,398	8,772	8,029	11,686	9,782	14,370	18,785	23,675	25,611	29,224	22,859	22,185	21,647	24,395
EV per Share	- -	32.58	55.94	56.9	87.77	76.06	115.71	153.23	199.09	222.22	260.62	211.85	214.53	220.85	260.34
TTM Sales	772	874	965	1,010	1,059	1,142	1,165	1,215	1,232	1,265	1,328	1,425	1,493	1,557	1,657
TTM EBITDA	385	512	589	628	667	745	758	816	852	871	915	990	1,045	1,095	1,152
TTM Operating Income	345	457	528	564	606	687	708	767	806	824	867	943	1,001	1,058	1,121
TTM Cash Flow to Firm	441	576	- -	664	751	778	804	787	827	- -	- -	889	917	960	1,151
TTM Free Cash Flow to Firm	249	523	- -	625	710	609	755	750	787	- -	- -	861	871	932	1,128

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	- -	12.91	17.75	14.41	18.64	18.56	22	27.65	32.37	36.38	37.98	27.43	26.38	23.38	21.7
EV/EBIT	- -	10.93	14.16	11.94	15.94	11.42	15.96	23.97	28.83	30.59	33.23	23.65	21.72	19.83	21.34
Enterprise Value	- -	4,997	7,480	6,740	9,661	7,841	11,292	18,394	23,237	25,215	28,804	22,308	21,732	20,981	23,925
Low Price	- -	33.35	37.93	47.06	54.32	70.52	76.01	105.01	142.55	150.2	184.96	156.04	189.21	167.46	203.91
EV/Sales	- -	5.72	7.75	6.67	9.12	6.87	9.69	15.14	18.87	19.93	21.7	15.66	14.55	13.47	14.44
EV/EBITDA	- -	9.76	12.7	10.73	14.47	10.53	14.91	22.55	27.26	28.96	31.49	22.53	20.8	19.16	20.76
Price/Earnings	- -	18.72	15.55	20.49	26.83	18.31	25.4	29.01	37.58	30.59	36.45	32.69	26.04	26	27.98
Price/Earnings Average	- -	20.5	12.48	19.79	21.18	19.86	21.14	26.7	36.89	28.79	30.88	31.11	26.65	23.18	29.22
Price/Earnings High	- -	24.35	15.55	22.37	28.7	21.96	25.89	34.38	43.04	31.75	36.67	40.71	29.14	27.04	34.95
Price/Earnings Low	- -	16.35	10.07	16.79	16.52	17.12	16.68	20.45	27.59	21.21	26.4	24.99	23.93	20.91	23.09
Price/Book Value	- -	-628.11	-18.48	-7.7	-9.07	-6.47	-8.96	-12.9	-15.21	-17.69	-22.39	-13.76	-13.19	-10.1	-10.54
Price/Book Value Average	- -	-687.85	-14.84	-7.44	-7.16	-7.02	-7.46	-11.88	-14.93	-16.64	-18.97	-13.1	-13.5	-9.01	-11.01
Price/Book Value High	- -	-816.86	-18.48	-8.41	-9.7	-7.76	-9.14	-15.29	-17.42	-18.36	-22.52	-17.14	-14.76	-10.51	-13.17
Price/Book Value Low	- -	-548.63	-11.98	-6.31	-5.59	-6.05	-5.89	-9.1	-11.17	-12.26	-16.22	-10.52	-12.12	-8.13	-8.7
Price/Tangible Book Value	- -	-94.68	-16.45	-7.27	-8.63	-5.56	-7.75	-11.29	-13.43	-15.49	-19.36	-12.21	-11.73	-9.18	-9.66
Price/Tangible Book Value Average	- -	-103.68	-13.2	-7.02	-6.81	-6.03	-6.45	-10.39	-13.18	-14.57	-16.4	-11.63	-12	-8.18	-10.08
Price/Tangible Book Value High	- -	-123.13	-16.45	-7.94	-9.23	-6.67	-7.9	-13.39	-15.38	-16.07	-19.47	-15.21	-13.12	-9.54	-12.06
Price/Tangible Book Value Low	- -	-82.7	-10.65	-5.96	-5.31	-5.2	-5.09	-7.96	-9.86	-10.73	-14.02	-9.34	-10.78	-7.38	-7.97
Price/Sales	- -	6.86	8.77	7.21	9.5	7.06	9.97	13.91	18.68	19.71	21.55	15.46	14.26	13.11	13.95
Price/Sales Average	- -	7.51	7.04	6.96	7.5	7.66	8.3	12.8	18.34	18.55	18.26	14.71	14.59	11.69	14.56
Price/Sales High	- -	8.92	8.77	7.87	10.16	8.47	10.16	16.48	21.4	20.45	21.68	19.25	15.95	13.64	17.42
Price/Sales Low	- -	5.99	5.68	5.9	5.85	6.61	6.55	9.81	13.72	13.66	15.61	11.82	13.1	10.55	11.51
Price/Cash Flow	- -	11.14	14.61	12.11	15.03	11.64	16.53	24.22	30.52	34.14	35.44	26.5	24.94	22.63	21.17
Price/Cash Flow Average	- -	12.2	11.73	11.7	11.87	12.63	13.75	22.29	29.96	32.13	30.03	25.22	25.52	20.18	22.11
Price/Cash Flow High	- -	14.49	14.61	13.23	16.07	13.96	16.85	28.7	34.96	35.44	35.65	33.01	27.9	23.53	26.45
Price/Cash Flow Low	- -	9.73	9.47	9.92	9.26	10.89	10.85	17.07	22.41	23.67	25.67	20.26	22.91	18.2	17.47
Price/Free Cash Flow Average	- -	14.14	14.25	13.92	14.72	20.13	18.32	25.44	31.78	34.23	32.18	26.11	27	20.85	22.65
Price/Free Cash Flow High	- -	16.79	17.75	15.74	19.94	22.26	22.43	32.77	37.08	37.75	38.21	34.16	29.51	24.31	27.1
Price/Free Cash Flow Low	- -	11.28	11.5	11.81	11.48	17.36	14.45	19.49	23.77	25.22	27.51	20.97	24.24	18.8	17.9
EV/Sales Average	- -	6.36	6.15	6.44	7.19	7.44	8.07	13.97	18.53	18.79	18.45	14.93	14.88	12.1	15.05
EV/Sales High	- -	7.73	7.75	7.29	9.76	8.22	9.88	17.87	21.54	20.67	21.82	19.36	16.21	13.98	17.86
EV/Sales Low	- -	4.87	4.89	5.46	5.6	6.43	6.36	10.8	13.97	13.97	15.84	12.1	13.42	10.99	12.05
EV/EBITDA Average	- -	10.84	10.08	10.36	11.42	11.41	12.41	20.8	26.77	27.3	26.78	21.49	21.27	17.2	21.63
EV/EBITDA High	- -	13.19	12.7	11.73	15.49	12.61	15.2	26.61	31.12	30.03	31.68	27.86	23.17	19.88	25.67
EV/EBITDA Low	- -	8.31	8.02	8.77	8.89	9.85	9.79	16.08	20.19	20.3	22.98	17.42	19.18	15.62	17.32
EV/EBIT Average	- -	12.14	11.23	11.53	12.57	12.38	13.28	22.11	28.31	28.83	28.26	22.56	22.21	17.8	22.24
EV/EBIT High	- -	14.77	14.16	13.05	17.06	13.68	16.27	28.28	32.91	31.72	33.43	29.25	24.19	20.57	26.39
EV/EBIT Low	- -	9.31	8.94	9.76	9.79	10.69	10.48	17.1	21.35	21.44	24.25	18.29	20.03	16.17	17.8
Last Price	- -	38.18	58.55	57.44	88.18	75.39	115.76	148.94	194.17	216.68	255.35	204.11	205.93	208.2	247.09
High Price	- -	49.65	58.55	62.73	94.33	90.43	118.02	176.53	222.39	224.89	256.9	254.23	230.38	216.53	308.64
Enterprise Value Average	- -	5,554	5,934	6,507	7,619	8,501	9,398	16,968	22,821	23,765	24,496	21,272	22,220	18,838	24,928
Enterprise Value High	- -	6,757	7,480	7,367	10,337	9,392	11,513	21,705	26,530	26,146	28,974	27,585	24,209	21,772	29,581
Enterprise Value Low	- -	4,256	4,723	5,511	5,933	7,339	7,414	13,121	17,211	17,671	21,024	17,246	20,038	17,110	19,957

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	159	153	134	118	110	103	98	120	117	113	111	105	101	95	92
Diluted Weighted Avg Shares	167	164	156	141	133	129	124	123	119	115	112	108	104	98	94
Basic Weighted Avg Shares	165	157	145	127	114	107	100	113	119	115	112	108	103	98	94
Revenue per Share	4.67	5.57	6.67	7.97	9.28	10.67	11.61	10.71	10.39	10.99	11.85	13.21	14.44	15.88	17.72
EBITDA per Share	2.33	3.26	4.07	4.96	5.85	6.96	7.55	7.19	7.19	7.57	8.17	9.18	10.1	11.16	12.32
Operating Income per Share	2.09	2.91	3.65	4.45	5.31	6.42	7.05	6.76	6.8	7.16	7.74	8.74	9.68	10.79	11.99
Basic EPS, GAAP	0.86	2.04	3.77	2.8	3.29	4.12	4.56	5.13	5.17	7.08	7.01	6.24	7.91	8.01	8.83
Basic EPS from Cont Ops	0.84	1.99	3.77	2.8	3.29	4.12	4.56	5.13	5.17	7.08	7.01	6.24	7.91	8.01	8.83
Diluted EPS, GAAP	0.86	1.95	3.49	2.52	2.82	3.42	3.68	4.75	5.15	7.07	7	6.24	7.9	8	8.8
Diluted EPS from Cont Ops	0.83	1.91	3.49	2.52	2.82	3.42	3.68	4.75	5.15	7.07	7	6.24	7.9	8	8.8
Dividend per Share	2.8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.3
Cash Flow per Share	2.03	3.43	4.01	4.74	5.87	6.48	7	6.15	6.36	6.35	7.21	7.7	8.26	9.2	11.67
Free Cash Flow per Basic Share	0.87	3.09	3.55	4.43	5.51	4.89	6.51	5.82	6.02	5.97	6.73	7.45	7.81	8.91	11.43
Cash & Equivalents per Share	8.44	10.15	12.89	12.03	17.4	17.44	24.74	10.58	10.44	10.28	10.91	9.31	9.15	6.31	6.32
Book Value per Share	-0.55	-0.06	-3.17	-7.46	-9.72	-11.65	-12.91	-11.54	-12.77	-12.25	-11.41	-14.84	-15.61	-20.61	-23.44
Tangible Book Value per Share	-0.89	-0.4	-3.56	-7.9	-10.22	-13.56	-14.94	-13.19	-14.46	-13.99	-13.19	-16.71	-17.56	-22.69	-25.59