Vertex Pharmaceuticals Incorporated Financial Ratios — VRTX

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 (%)	4.58	-11.99	-37.78	-60.75	-55.22	-10.69	16.54	64.88	22.37	36.71	24.93	27.67	22.99	-3.15	22.54
Return on Assets (%)	1.51	-4.31	-17.53	-31.74	-23.02	-4.15	8.18	42.83	16.16	27.02	18.6	21.04	17.71	-2.37	16.41
Return on Capital (%)	3.6	- -	- -	- -	- -	- -	- -	- -	20.84	33.76	23.15	26	22.02	-3.29	20.41
Return on Invested Capital (%)	6.36	- -	- -	- -	- -	- -	- -	- -	17	30.04	22.73	25.79	18.95	2.73	18.17
Gross Margin (%)	94.29	81.67	89.25	89.49	87.94	87.64	88.95	86.56	86.84	88.14	88.06	87.9	87.21	86.11	86.24
EBITDA Margin (%)	10.55	5.56	-46.34	-108.4	-39.19	4.19	7.42	23.22	31.33	47.79	38.39	49.89	40.66	-0.23	36.52
Operating Margin (%)	15.72	3.18	-12.92	-110.52	-45.01	0.66	15.78	21.79	28.87	46.24	36.69	47.59	38.31	-2.12	37.95
Incremental Operating Margin (%)	72.3	- -	65.12	76.78	39.12	71.04	48.52	48.51	48.25	81.62	- -	108.45	- -	- -	487.95
Pretax Margin (%)	4.28	2.1	-51.65	-126.61	-54.03	-3.96	-0.63	19.7	33.51	50.23	36.05	47.39	44.38	2.25	38.69
Profit Margin (%)	2.1	-7.01	-36.72	-127.25	-53.89	-6.58	10.59	68.8	28.27	43.7	30.92	37.2	36.68	-4.86	32.94
Net Income to Common Margin (%)	2.1	-7.01	-36.72	-127.25	-53.89	-6.58	10.59	68.8	28.27	43.7	30.92	37.2	36.68	-4.86	32.94
Effective Tax Rate (%)	31.87	- -	- -	- -	- -	- -	- -	- -	15.64	13	14.22	21.51	17.36	315.53	14.86
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	4.58	-11.99	-37.78	-60.75	-55.22	-10.69	16.54	64.88	22.37	36.71	24.93	27.67	22.99	-3.15	22.54

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	456	697	507	825	826	841	606	587	662	932	967	900	808	1,744	2,031
ST Debt	- -	14	17	32	87	319	23	5	39	42	80	89	84	87	77
LT Debt	456	683	490	793	739	521	584	582	623	890	887	810	725	1,657	1,953
Total Debt/EBITDA	3.06	8.21	-0.9	-1.31	-2.04	11.79	3.28	0.83	0.51	0.31	0.33	0.2	0.2	-67.87	0.46
Net Debt/EBITDA	-0.51	-1.05	1.01	0.53	1.04	-12.39	-9.02	-3.75	-2.38	-2.02	-2.34	-2.36	-2.58	177.81	-1.16
Total Debt/EBIT	4.01	14.91	-0.83	-1.19	-1.77	84.62	4.92	0.92	0.55	0.33	0.35	0.21	0.21	-7.49	0.49
Net Debt/EBIT	-0.66	-1.91	0.93	0.48	0.9	-88.96	-13.51	-4.17	-2.6	-2.1	-2.44	-2.44	-2.71	19.62	-1.22
EBITDA to Interest Expense	3.95	5.65	-24.5	-8.63	-4.8	0.88	2.66	9.76	22.3	50.96	47.28	81.31	91	-0.84	329.56
EBITDA-CapEx/Interest Expense	1.44	0.92	-26.74	-9.34	-5.34	0.18	-1.08	8.45	21.01	46.49	43.46	77.57	85.15	-16.7	296.65
EBIT to Interest Expense	5.88	3.23	-6.83	-8.8	-5.52	0.14	5.67	9.16	20.55	49.3	45.19	77.55	85.72	-7.63	342.44
Interest Expense	38	15	23	73	84	81	69	72	59	58	62	55	44	31	13
Common Equity/Total Assets	35.7	36.21	58.49	46.05	37.62	39.93	57.21	71.01	73.15	73.92	75.19	76.65	77.34	72.82	72.79
Long-Term Debt/Equity (%)	49.11	57.13	36.1	72.34	67.61	38.96	28.59	13.11	10.24	10.24	8.78	5.82	4.12	10.1	10.46
Long-Term Debt/Capital (%)	32.93	36.1	26.29	41.27	38.51	23.93	22.04	11.58	9.23	9.25	8.02	5.47	3.94	9.13	9.44
Long-Term Debt/Total Assets (%)	20.68	24.76	21.12	33.96	29.59	18	16.47	9.31	7.49	7.57	6.6	4.46	3.19	7.35	7.62
Total Debt/Equity (%)	49.11	58.28	37.35	75.26	75.55	62.83	29.69	13.23	10.87	10.73	9.58	6.47	4.6	10.63	10.88
Total Debt/Capital (%)	32.93	36.82	27.19	42.94	43.04	38.59	22.9	11.68	9.81	9.69	8.74	6.07	4.4	9.61	9.81
Total Debt/Total Assets (%)	20.68	25.26	21.84	35.33	33.07	29.02	17.1	9.4	7.95	7.93	7.2	4.96	3.56	7.74	7.92
Net Debt to Equity	-8.11	-7.48	-41.97	-30.15	-38.37	-66.06	-81.55	-59.75	-51.1	-68.93	-67.28	-75.5	-58.98	-27.85	-27.24
Net Debt/Capital (%)	-8.29	-6.37	-44.01	-25.5	-34.82	-88.84	-169.37	-111.73	-85.48	-164.94	-159.04	-243.8	-129.3	-33.64	-32.57
EBITDA	149	85	-562	-629	-405	71	185	708	1,304	2,966	2,908	4,456	4,013	-26	4,383
EBITDA-CapEx	54	14	-613	-680	-450	15	-75	612	1,229	2,706	2,673	4,251	3,755	-511	3,946
Operating Income (Loss)	222	49	-157	-641	-465	11	393	664	1,202	2,869	2,779	4,250	3,780	-233	4,554

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	2.47	3.05	3.68	3.77	2.06	1.81	2.59	2.83	2.85	3.55	3.51	3.93	3.16	1.72	1.71
Current Ratio	3.39	3.67	3.99	4.2	2.78	2.31	3.28	3.43	3.61	4.33	4.46	4.83	3.99	2.69	2.9
Quick Ratio	2.94	3.39	3.92	4.01	2.43	2.11	3.07	3.19	3.33	4.02	4.04	4.46	3.6	2.17	2.24
CFO/Avg Current Liab	0.33	0.65	-0.15	-1.5	-0.84	0.36	1.06	1.32	1.28	2.03	1.32	1.69	1.12	-0.14	0.98
Common Equity/Total Assets	35.7	36.21	58.49	46.05	37.62	39.93	57.21	71.01	73.15	73.92	75.19	76.65	77.34	72.82	72.79
Long-Term Debt/Equity (%)	49.11	57.13	36.1	72.34	67.61	38.96	28.59	13.11	10.24	10.24	8.78	5.82	4.12	10.1	10.46
Long-Term Debt/Capital (%)	32.93	36.1	26.29	41.27	38.51	23.93	22.04	11.58	9.23	9.25	8.02	5.47	3.94	9.13	9.44
Long-Term Debt/Total Assets (%)	20.68	24.76	21.12	33.96	29.59	18	16.47	9.31	7.49	7.57	6.6	4.46	3.19	7.35	7.62
Total Debt/Equity (%)	49.11	58.28	37.35	75.26	75.55	62.83	29.69	13.23	10.87	10.73	9.58	6.47	4.6	10.63	10.88
Total Debt/Capital (%)	32.93	36.82	27.19	42.94	43.04	38.59	22.9	11.68	9.81	9.69	8.74	6.07	4.4	9.61	9.81
Total Debt/Total Assets (%)	20.68	25.26	21.84	35.33	33.07	29.02	17.1	9.4	7.95	7.93	7.2	4.96	3.56	7.74	7.92
CFO/Total Liabilities	11.27	17.13	-6.3	-46.27	-26.01	15.15	56.19	70.15	70.27	106.15	79.32	97.44	68.69	-8.04	52.05
CFO/CapEx	1.52	3.76	-1.18	-11.19	-8.07	4.17	3.26	13.31	20.81	12.52	11.25	20.18	13.69	-1.01	8.3
Altman's Z-Score	2.27	2.6	9.33	10.95	10.1	5.27	14.81	14.71	16.64	14.38	12.57	13.22	14.58	11.64	12.17

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	14.42	9.36	10.6	7.19	8.27	9.1	10.33	8.82	7.98	8.17	7.49	6.93	6.57	6.95	6.55
Days Sales Outstanding	25.31	39.01	34.45	50.77	44.16	40.12	35.32	41.38	45.73	44.67	48.72	52.7	55.58	52.54	55.69
Inventory Turnover	1.43	3.92	5.84	2.71	2.83	3.12	2.9	3.47	3.75	3.28	2.85	2.66	2.1	1.57	1.14
Days Inventory Outstanding	254.87	93.17	62.49	134.64	129.06	116.9	125.66	105.25	97.23	111.12	127.94	137.46	173.42	231.83	319.64
Accounts Payable Turnover	3.49	2.25	1.51	1.29	2.06	3.39	4.57	4.56	5.95	7	5.58	4.76	4.61	5.13	4.88
Accounts Payable Turnover Days	104.52	162.23	241.21	283.12	176.77	107.82	79.91	79.98	61.33	52.14	65.43	76.65	79.24	71.09	74.85
Cash Conversion Cycle	175.67	-30.05	-144.27	-97.7	-3.55	49.2	81.08	66.65	81.64	103.65	111.24	113.51	149.76	213.29	300.48
Inventory to Cash Days	-229.56	-54.17	-28.05	-83.87	-84.9	-76.78	-90.34	-63.87	-51.5	-66.45	-79.22	-84.76	-117.84	-179.29	-263.95
Inventories	112	30	14	31	57	78	112	124	168	281	353	461	739	1,205	1,687
Raw Materials	32	4	- -	9	9	6	21	10	26	46	42	38	79	252	260
Work In Process	47	11	10	21	41	57	74	88	107	161	224	261	525	769	1,197
Finished Goods	33	15	4	2	8	15	17	27	34	73	87	162	135	185	230
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	6,951	9,104	17,371	28,722	30,993	18,292	37,953	42,285	56,707	61,422	55,884	74,220	104,854	103,470	115,149
- Cash & Cash Equivalents	475	489	569	625	715	1,184	1,665	2,650	3,109	5,988	6,795	10,504	10,369	4,570	5,085
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	142	197	- -	21	154	182	14	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	456	697	507	825	826	841	606	587	662	932	967	900	808	1,744	2,031
Enterprise Value	6,580	8,677	16,412	28,181	30,930	17,880	36,484	39,703	53,560	55,695	49,326	64,341	94,444	99,098	110,572
Total Capital	1,384	1,893	1,863	1,921	1,920	2,179	2,649	5,022	6,747	9,619	11,067	14,812	18,389	18,154	20,696
Total Debt/Capital (%)	32.93	36.82	27.19	42.94	43.04	38.59	22.9	11.68	9.81	9.69	8.74	6.07	4.4	9.61	9.81
Total Debt / EV	0.07	0.08	0.03	0.03	0.03	0.05	0.02	0.01	0.01	0.02	0.02	0.01	0.01	0.02	0.02
EV/Sales	4.66	5.68	13.54	48.55	29.96	10.5	14.66	13.03	12.87	8.97	6.51	7.2	9.57	8.99	9.21
EV/EBITDA	44.2	102.18	- -	- -	- -	250.65	197.6	56.11	41.06	18.78	16.96	14.44	23.53	- -	25.23
EV/EBIT	57.81	185.69	- -	- -	- -	1,799.53	296.03	62.51	44.73	19.5	17.73	14.94	24.65	- -	26.5
EV/Cash Flow to Firm	38.84	- -	- -	- -	- -	- -	- -	- -	33.09	16.86	18.29	15.42	26.43	- -	30.35
EV/Free Cash Flow to Firm	87.95	- -	- -	- -	- -	- -	- -	- -	34.71	18.29	20.04	16.21	28.49	- -	34.5
Diluted Market Cap	6,934	8,881	16,711	27,954	30,364	18,026	37,948	42,950	57,074	62,251	57,074	74,823	105,995	103,856	116,967
Diluted Enterprise Value	6,563	8,453	15,752	27,413	30,302	17,614	36,480	40,368	53,928	56,524	50,517	64,944	95,585	99,485	112,389
EV per Share	31.44	39.93	70.2	116.56	125.58	72.01	144.06	155.59	206.8	214.3	193.83	250.34	366.49	385.69	435.34
TTM Sales	1,411	1,527	1,212	580	1,032	1,702	2,489	3,048	4,163	6,206	7,574	8,931	9,869	11,020	12,001
TTM EBITDA	149	85	-562	-629	-405	71	185	708	1,304	2,966	2,908	4,456	4,013	-26	4,383
TTM Operating Income	222	49	-157	-641	-465	11	393	664	1,202	2,869	2,779	4,250	3,780	-233	4,554
TTM Cash Flow to Firm	169	- -	- -	- -	- -	- -	- -	- -	1,619	3,304	2,696	4,173	3,574	-559	3,643
TTM Free Cash Flow to Firm	75	- -	- -	- -	- -	- -	- -	- -	1,543	3,044	2,461	3,968	3,315	-1,044	3,205

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	141.12	45.15	-149.12	-44.78	-73.93	100.4	64.81	36.56	38.2	20.79	23.7	19.06	32.33	-106.19	36.62
EV/EBIT	57.81	185.69	- -	- -	- -	1,799.53	296.03	62.51	44.73	19.5	17.73	14.94	24.65	- -	26.5
Enterprise Value	6,580	8,677	16,412	28,181	30,930	17,880	36,484	39,703	53,560	55,695	49,326	64,341	94,444	99,098	110,572
Low Price	26.5	32.04	42.72	59.79	97.45	71.46	73.34	144.07	160.95	197.47	176.36	214.66	282.21	377.85	362.5
EV/Sales	4.66	5.68	13.54	48.55	29.96	10.5	14.66	13.03	12.87	8.97	6.51	7.2	9.57	8.99	9.21
EV/EBITDA	44.2	102.18	- -	- -	- -	250.65	197.6	56.11	41.06	18.78	16.96	14.44	23.53	- -	25.23
Price/Earnings	230.08	- -	- -	- -	- -	- -	141.54	20.1	47.77	22.65	24.16	22.26	28.97	- -	29.32
Price/Earnings Average	304.98	- -	- -	- -	- -	- -	119.86	20.3	40.3	24.1	22.49	21.17	24.15	- -	28.68
Price/Earnings High	407.86	- -	- -	- -	- -	- -	158.54	23.64	49.23	29.33	26.74	25.04	29.4	- -	33.61
Price/Earnings Low	183.59	- -	- -	- -	- -	- -	69.27	17.47	35.11	18.92	19.4	16.55	20.09	- -	23.45
Price/Book Value	8.83	9.11	12.81	26.72	32.97	15.82	18.71	9.53	9.32	7.07	5.53	5.33	5.96	6.31	6.17
Price/Book Value Average	11.71	10.3	11.73	20.12	32.44	18.93	15.84	9.63	7.86	7.53	5.15	5.07	4.97	7.05	6.03
Price/Book Value High	15.66	14.37	15.51	27.97	37.59	26.83	20.96	11.21	9.6	9.16	6.12	6	6.05	8.14	7.07
Price/Book Value Low	7.05	6.97	7.36	13.45	25.54	15.34	9.16	8.29	6.85	5.91	4.44	3.97	4.14	5.92	4.93
Price/Tangible Book Value	75.27	29.88	13.11	28.55	51.21	22.26	19.47	9.64	12.11	8.43	6.43	6.07	6.7	7.14	6.71
Price/Tangible Book Value Average	99.77	33.79	12	21.5	50.37	26.64	16.49	9.74	10.22	8.97	5.98	5.77	5.58	7.99	6.57
Price/Tangible Book Value High	133.42	47.14	15.87	29.88	58.38	37.75	21.81	11.34	12.48	10.92	7.11	6.83	6.8	9.22	7.69
Price/Tangible Book Value Low	60.06	22.85	7.54	14.37	39.66	21.59	9.53	8.38	8.9	7.05	5.16	4.51	4.65	6.7	5.37
Price/Sales	4.82	5.82	13.79	48.16	29.41	10.59	14.99	13.83	13.5	9.9	7.47	8.28	10.62	9.42	9.66
Price/Sales Average	6.39	6.58	12.62	36.28	28.93	12.68	12.69	13.97	11.39	10.53	6.96	7.87	8.86	10.54	9.45
Price/Sales High	8.55	9.17	16.69	50.41	33.53	17.96	16.79	16.26	13.92	12.82	8.27	9.31	10.78	12.17	11.07
Price/Sales Low	3.85	4.45	7.93	24.24	22.78	10.27	7.33	12.02	9.93	8.27	6	6.16	7.37	8.84	7.72
Price/Cash Flow	47.34	33.16	-275.45	-48.78	-83.09	76.35	44.14	33.17	35.82	18.88	21.41	17.91	29.64	-210.83	31.92
Price/Cash Flow Average	62.75	37.49	-252.2	-36.74	-81.74	91.39	37.38	33.51	30.22	20.09	19.93	17.03	24.71	-235.89	31.23
Price/Cash Flow High	83.92	52.31	-333.51	-51.06	-94.73	129.5	49.44	39.02	36.92	24.45	23.69	20.14	30.09	-272.18	36.59
Price/Cash Flow Low	37.78	25.35	-158.38	-24.55	-64.35	74.06	21.6	28.84	26.33	15.77	17.19	13.31	20.56	-197.82	25.52
Price/Free Cash Flow Average	187.05	51.05	-136.54	-33.73	-72.72	120.18	54.88	36.93	32.24	22.13	22.06	18.13	26.95	-118.81	35.82
Price/Free Cash Flow High	250.15	71.22	-180.55	-46.87	-84.28	170.3	72.59	43	39.38	26.93	26.22	21.44	32.81	-137.09	41.98
Price/Free Cash Flow Low	112.6	34.52	-85.74	-22.54	-57.25	97.39	31.72	31.78	28.08	17.37	19.03	14.17	22.42	-99.64	29.28
EV/Sales Average	6.27	6.46	12.33	36.34	29.47	12.62	12.32	13.17	10.74	9.61	6	6.8	7.8	10.11	9
EV/Sales High	8.47	9.13	16.56	50.86	34.17	17.99	16.49	15.47	13.28	11.9	7.3	8.24	9.73	11.72	10.62
EV/Sales Low	3.67	4.28	7.45	23.97	23.19	10.18	6.87	11.22	9.26	7.35	5.06	5.07	6.31	8.41	7.29
EV/EBITDA Average	59.4	116.2	- -	- -	- -	301.17	166.11	56.72	34.27	20.11	15.64	13.62	19.18	- -	24.65
EV/EBITDA High	80.28	164.1	- -	- -	- -	429.18	222.28	66.65	42.39	24.89	19.01	16.51	23.93	- -	29.07
EV/EBITDA Low	34.77	76.95	- -	- -	- -	242.96	92.64	48.31	29.54	15.37	13.18	10.16	15.53	- -	19.96
EV/EBIT Average	77.69	211.18	- -	- -	- -	2,162.2	248.86	63.19	37.33	20.88	16.34	14.09	20.09	- -	25.89
EV/EBIT High	104.99	298.22	- -	- -	- -	3,081.26	333.01	74.25	46.18	25.84	19.87	17.08	25.06	- -	30.53
EV/EBIT Low	45.47	139.84	- -	- -	- -	1,744.3	138.79	53.82	32.18	15.96	13.77	10.51	16.26	- -	20.97
Last Price	33.21	41.9	74.3	118.8	125.83	73.67	149.86	165.71	218.95	236.34	219.6	288.78	406.89	402.7	453.36
High Price	58.87	66.1	89.96	124.35	143.45	124.96	167.86	194.92	225.66	306.08	242.99	324.75	413	519.88	519.68
Enterprise Value Average	8,842	9,868	14,946	21,093	30,426	21,484	30,670	40,136	44,700	59,650	45,466	60,696	76,992	111,396	108,056
Enterprise Value High	11,950	13,935	20,073	29,522	35,270	30,615	41,041	47,157	55,298	73,820	55,278	73,586	96,018	129,207	127,417
Enterprise Value Low	5,175	6,534	9,029	13,914	23,940	17,331	17,105	34,181	38,538	45,593	38,322	45,291	62,314	92,713	87,494

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	209	217	234	242	246	248	253	255	259	260	254	257	258	257	254
Diluted Weighted Avg Shares	209	212	225	235	241	245	253	259	261	263	260	259	261	258	258
Basic Weighted Avg Shares	205	212	225	235	241	245	249	254	257	260	258	256	258	258	256
Revenue per Share	6.88	7.2	5.39	2.47	4.28	6.96	10	11.98	16.21	23.88	29.39	34.87	38.3	42.73	46.94
EBITDA per Share	0.73	0.4	-2.5	-2.67	-1.68	0.29	0.74	2.78	5.08	11.41	11.28	17.4	15.57	-0.1	17.14
Operating Income per Share	1.08	0.23	-0.7	-2.73	-1.93	0.05	1.58	2.61	4.68	11.04	10.78	16.59	14.67	-0.91	17.81
Basic EPS, GAAP	0.14	-0.5	-1.98	-3.14	-2.31	-0.46	1.06	8.25	4.58	10.44	9.09	12.97	14.05	-2.08	15.46
Basic EPS from Cont Ops	0.2	0.15	-2.24	-3.15	-2.44	-0.34	0.37	8.21	4.58	10.44	9.09	12.97	14.05	-2.08	15.46
Diluted EPS, GAAP	0.14	-0.5	-1.98	-3.14	-2.31	-0.46	1.04	8.09	4.51	10.3	9.01	12.82	13.89	-2.08	15.32
Diluted EPS from Cont Ops	0.2	0.15	-2.24	-3.15	-2.44	-0.34	0.36	8.05	4.51	10.3	9.01	12.82	13.89	-2.08	15.32
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.7	1.26	-0.27	-2.44	-1.51	0.96	3.4	5	6.11	12.52	10.26	16.13	13.73	-1.91	14.2
Free Cash Flow per Basic Share	0.24	0.93	-0.5	-2.65	-1.7	0.73	2.35	4.62	5.82	11.52	9.35	15.33	12.72	-3.79	12.49
Cash & Equivalents per Share	4.63	6.08	6.27	5.74	4.23	5.78	8.25	12.42	14.7	25.62	29.57	41.94	43.53	23.8	26.02
Book Value per Share	3.76	4.6	5.8	4.45	3.82	4.66	8.01	17.38	23.5	33.42	39.69	54.13	68.22	63.87	73.49
Tangible Book Value per Share	0.44	1.4	5.67	4.16	2.46	3.31	7.7	17.18	18.08	28.03	34.18	47.55	60.74	56.42	67.54