Paychex, Inc. Financial Ratios — PAYX 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	- -	- -	- -	- -	- -	4.12	4.02	4.81	4.54	5.22	5.98	5.19	6.08	4.57	3.61

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	- -	- -	- -	- -	- -	21,263	23,762	31,040	25,545	36,416	44,234	38,073	43,028	57,024	34,391
- 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	- -	- -	- -	- -	- -	20,940	23,337	31,137	25,511	36,281	43,891	37,343	42,391	60,383	37,875
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	0.04	0.02	0.02	0.02	0.02	0.08	0.12
EV/Sales	- -	- -	- -	- -	- -	6.64	6.91	8.25	6.31	8.94	9.52	7.46	8.03	10.84	5.82
EV/EBITDA	- -	- -	- -	- -	- -	15.16	16.33	20.05	15.27	21.95	21.6	16.9	18.03	24.98	12.83
EV/EBIT	- -	- -	- -	- -	- -	16.7	18.07	22.71	17.47	24.84	23.85	18.37	19.5	27.35	15.09
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	21.77	18.24	24.23	17.35	28.18	27.13	21.53	22.01	30.48	13.71
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	24.13	20.74	26.82	18.99	31.03	29.58	23.47	24.02	33.75	14.99
Diluted Market Cap	- -	- -	- -	- -	- -	21,453	23,927	31,256	25,701	36,649	44,627	38,263	43,267	57,261	34,817
Diluted Enterprise Value	- -	- -	- -	- -	- -	21,129	23,503	31,353	25,668	36,514	44,285	37,534	42,630	60,620	38,300
EV per Share	- -	- -	- -	- -	- -	58.26	65.01	86.66	71.1	100.84	121.95	103.59	117.72	167.5	106.51
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	- -	- -	- -	- -	- -	24.77	21.32	27.23	19.56	32.09	30.65	24.48	24.92	33.5	15
EV/EBIT	- -	- -	- -	- -	- -	16.7	18.07	22.71	17.47	24.84	23.85	18.37	19.5	27.35	15.09
Enterprise Value	- -	- -	- -	- -	- -	20,940	23,337	31,137	25,511	36,281	43,891	37,343	42,391	60,383	37,875
Low Price	- -	- -	- -	- -	- -	57.98	54.78	63.72	49.42	70.88	100.81	105.61	105.72	115.83	86.35
EV/Sales	- -	- -	- -	- -	- -	6.64	6.91	8.25	6.31	8.94	9.52	7.46	8.03	10.84	5.82
EV/EBITDA	- -	- -	- -	- -	- -	15.16	16.33	20.05	15.27	21.95	21.6	16.9	18.03	24.98	12.83
Price/Earnings	- -	- -	- -	- -	- -	25.76	23.9	30	23.24	33.19	31.82	24.44	25.47	34.38	19.72
Price/Earnings Average	- -	- -	- -	- -	- -	25.61	22.61	25.4	26.21	28.43	30.95	27.04	25.53	30.23	23.94
Price/Earnings High	- -	- -	- -	- -	- -	25.77	25.53	30.41	29.44	33.67	36.51	32.04	27.74	34.73	32.77
Price/Earnings Low	- -	- -	- -	- -	- -	25.25	19.78	22.13	16.13	23.24	26.1	24.44	22.53	25.17	17.61
Price/Book Value	- -	- -	- -	- -	- -	10.87	10.08	11.85	9.18	12.35	14.34	10.9	11.32	13.81	9.21
Price/Book Value Average	- -	- -	- -	- -	- -	10.81	9.54	10.03	10.36	10.58	13.95	12.06	11.35	12.15	11.18
Price/Book Value High	- -	- -	- -	- -	- -	10.88	10.77	12.01	11.63	12.53	16.45	14.29	12.33	13.96	15.3
Price/Book Value Low	- -	- -	- -	- -	- -	10.66	8.34	8.74	6.37	8.65	11.76	10.9	10.02	10.12	8.22
Price/Tangible Book Value	- -	- -	- -	- -	- -	17.14	16.96	70.9	38.72	42.77	42.98	25.87	24.96	-24.44	-13.89
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	17.04	16.04	60.03	43.67	36.63	41.81	28.62	25.02	-21.49	-16.86
Price/Tangible Book Value High	- -	- -	- -	- -	- -	17.15	18.11	71.88	49.04	43.38	49.31	33.91	27.19	-24.69	-23.08
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	16.8	14.03	52.29	26.88	29.95	35.25	25.87	22.08	-17.89	-12.4
Price/Sales	- -	- -	- -	- -	- -	6.75	7.03	8.23	6.32	8.98	9.61	7.6	8.16	10.23	5.33
Price/Sales Average	- -	- -	- -	- -	- -	6.71	6.65	6.96	7.12	7.69	9.35	8.41	8.18	8.99	6.47
Price/Sales High	- -	- -	- -	- -	- -	6.75	7.51	8.34	8	9.11	11.03	9.97	8.89	10.33	8.86
Price/Sales Low	- -	- -	- -	- -	- -	6.62	5.82	6.07	4.38	6.29	7.88	7.6	7.22	7.49	4.76
Price/Cash Flow	- -	- -	- -	- -	- -	22.16	18.62	24.41	17.71	28.9	27.88	22.31	22.69	29.97	13.58
Price/Cash Flow Average	- -	- -	- -	- -	- -	22.03	17.61	20.66	19.98	24.76	27.12	24.68	22.74	26.35	16.48
Price/Cash Flow High	- -	- -	- -	- -	- -	22.18	19.88	24.74	22.44	29.32	31.98	29.25	24.71	30.28	22.56
Price/Cash Flow Low	- -	- -	- -	- -	- -	21.72	15.41	18	12.29	20.24	22.87	22.31	20.07	21.95	12.12
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	24.62	20.17	23.06	22.06	27.49	29.82	27.08	24.98	29.46	18.2
Price/Free Cash Flow High	- -	- -	- -	- -	- -	24.78	22.77	27.61	24.78	32.56	35.17	32.09	27.15	33.85	24.92
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	24.27	17.64	20.09	13.58	22.48	25.14	24.48	22.05	24.53	13.39
EV/Sales Average	- -	- -	- -	- -	- -	6.6	6.53	6.99	7.12	7.66	9.26	8.27	8.05	9.6	6.95
EV/Sales High	- -	- -	- -	- -	- -	6.64	7.39	8.37	8	9.07	10.93	9.82	8.76	10.94	9.31
EV/Sales Low	- -	- -	- -	- -	- -	6.51	5.7	6.09	4.38	6.25	7.79	7.46	7.09	8.1	5.25
EV/EBITDA Average	- -	- -	- -	- -	- -	15.07	15.43	16.99	17.23	18.79	21.01	18.73	18.08	22.13	15.32
EV/EBITDA High	- -	- -	- -	- -	- -	15.17	17.46	20.33	19.35	22.27	24.81	22.26	19.67	25.22	20.53
EV/EBITDA Low	- -	- -	- -	- -	- -	14.86	13.46	14.81	10.6	15.35	17.69	16.9	15.92	18.66	11.58
EV/EBIT Average	- -	- -	- -	- -	- -	16.6	17.08	19.23	19.7	21.26	23.2	20.36	19.55	24.23	18.02
EV/EBIT High	- -	- -	- -	- -	- -	16.71	19.32	23.02	22.13	25.2	27.39	24.19	21.27	27.62	24.15
EV/EBIT Low	- -	- -	- -	- -	- -	16.36	14.9	16.77	12.12	17.37	19.53	18.37	17.22	20.44	13.62
Last Price	- -	- -	- -	- -	- -	59.16	66.19	86.39	71.2	101.21	122.91	105.61	119.49	158.18	96.71
High Price	- -	- -	- -	- -	- -	59.19	70.69	87.58	90.17	102.66	141	138.46	130.17	159.81	160.71
Enterprise Value Average	- -	- -	- -	- -	- -	20,814	22,054	26,376	28,775	31,058	42,684	41,395	42,498	53,495	45,235
Enterprise Value High	- -	- -	- -	- -	- -	20,950	24,952	31,566	32,321	36,804	50,403	49,186	46,237	60,970	60,631
Enterprise Value Low	- -	- -	- -	- -	- -	20,514	19,242	22,990	17,697	25,367	35,938	37,343	37,432	45,115	34,189

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