American Water Works Company, Inc. Financial Ratios — AWC

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 (%)	7.4	8.25	8.05	8.77	9.55	9.12	8.04	10.08	10.36	11.28	18.37	10.94	10.79	10.44	10.5
Return on Assets (%)	2.15	2.43	2.48	2.72	2.86	2.62	2.24	2.79	2.83	2.99	4.97	3.04	3.25	3.33	3.25
Return on Capital (%)	5.08	5.46	5.48	5.69	4.24	3.9	3.34	4.13	6.03	6.12	8.78	6.09	6.17	6.24	6.22
Return on Invested Capital (%)	4.87	5.43	5.61	5.67	5.84	5.5	4.6	5.74	6.01	5.78	5.13	5.37	5.6	5.68	5.71
Gross Margin (%)	51.17	53.42	55.23	55.16	55.56	54.6	59.22	57.01	57.23	57.06	54.78	58.1	59.38	60.33	60.72
EBITDA Margin (%)	43.32	45.75	47.06	47.39	47.96	47.09	51.98	47.88	49.75	49.03	46.62	50.69	52.15	53.5	53.95
Operating Margin (%)	30.09	32.35	32.96	33.24	33.93	32.56	36.85	33.11	33.63	33.04	30.43	33.57	35.52	36.68	36.56
Incremental Operating Margin (%)	66.47	64.53	102.63	39.39	47.97	2.1	294.55	- -	44.12	20.36	- -	- -	52.26	47.56	35.31
Pretax Margin (%)	18.89	22.09	21.12	23.58	24.75	23.32	27.17	22.88	23.07	24.46	41.73	26.58	28.25	29.01	27.67
Profit Margin (%)	11.61	12.55	12.82	14.05	15.07	14.17	12.69	16.48	17.2	18.77	32.14	21.62	22.3	22.44	21.61
Net Income to Common Margin (%)	11.61	12.55	12.82	14.05	15.07	14.17	12.69	16.48	17.2	18.77	32.14	21.62	22.3	22.44	21.61
Effective Tax Rate (%)	39.46	40.73	38.98	39.44	39.13	39.22	53.29	28.21	25.45	23.27	22.99	18.65	21.07	22.66	21.87
Dvd Payout Ratio (%)	51.77	57.14	40.16	50.23	50.21	55.77	67.84	56.66	56.84	54.87	33.89	56.95	56.36	55.66	56.98
Sustainable Growth Rate (%)	3.57	3.54	4.82	4.37	4.76	4.03	2.58	4.37	4.47	5.09	12.14	4.71	4.71	4.63	4.52

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	5,884	5,576	5,857	5,938	6,544	7,172	7,717	8,604	9,542	11,021	11,062	12,452	12,442	14,110	15,918
ST Debt	544	386	644	511	682	1,423	1,227	1,035	814	1,611	641	1,456	654	1,516	3,067
LT Debt	5,340	5,191	5,213	5,427	5,862	5,749	6,490	7,569	8,728	9,410	10,421	10,996	11,788	12,594	12,851
Total Debt/EBITDA	5.09	4.27	4.32	4.16	4.32	4.61	4.42	5.22	5.31	5.95	6.04	6.48	5.63	5.63	5.74
Net Debt/EBITDA	5.08	4.25	4.3	4.15	4.29	4.56	4.39	5.15	5.23	5.61	5.93	6.4	5.45	5.56	5.68
Total Debt/EBIT	7.33	6.03	6.18	5.92	6.09	6.61	6.16	7.81	7.86	8.83	9.25	9.78	8.27	8.21	8.47
Net Debt/EBIT	7.31	6.01	6.15	5.9	6.05	6.54	6.11	7.69	7.74	8.33	9.09	9.66	8	8.11	8.38
EBITDA to Interest Expense	3.57	4.04	4.24	4.61	- -	- -	- -	- -	4.65	4.66	4.55	4.44	4.8	4.79	4.51
EBITDA-CapEx/Interest Expense	3.41	3.86	4.03	4.36	- -	- -	- -	- -	4.38	4.4	4.28	4.15	4.45	4.5	4.22
EBIT to Interest Expense	2.48	2.85	2.97	3.24	- -	- -	- -	- -	3.15	3.14	2.97	2.94	3.27	3.28	3.06
Interest Expense	323	323	320	309	- -	- -	- -	- -	386	397	403	433	460	523	615
Common Equity/Total Assets	28.67	30.19	31.33	30.65	29.28	28.23	27.64	27.63	26.99	26.06	27.99	27.69	32.34	31.47	30.58
Long-Term Debt/Equity (%)	125.93	116.77	110.26	110.42	116.1	110.18	120.52	129.08	142.59	145.8	142.79	142.94	120.32	121.89	118.58
Long-Term Debt/Capital (%)	52.74	51.79	49.25	50	50.56	46.4	49.53	52.32	55.72	53.85	56.76	54.58	53.01	51.53	48.03
Long-Term Debt/Total Assets (%)	36.14	35.26	34.55	33.84	34	31.11	33.31	35.66	38.48	38	39.97	39.57	38.91	38.36	36.26
Total Debt/Equity (%)	138.76	125.45	123.89	120.81	129.61	137.45	143.31	146.73	155.89	170.76	151.58	161.86	127	136.57	146.89
Total Debt/Capital (%)	58.12	55.65	55.34	54.71	56.45	57.89	58.9	59.47	60.92	63.07	60.25	61.81	55.95	57.73	59.5
Total Debt/Total Assets (%)	39.82	37.89	38.82	37.02	37.96	38.81	39.61	40.54	42.07	44.5	42.42	44.81	41.07	42.98	44.91
Net Debt to Equity	138.42	124.9	123.32	120.35	128.72	136.01	142.28	144.51	153.46	161.03	148.89	159.85	122.88	134.9	145.3
Net Debt/Capital (%)	58.06	55.54	55.22	54.62	56.28	57.63	58.73	59.1	60.2	61.4	59.56	61.3	54.95	57.25	59.07
EBITDA	1,155	1,306	1,355	1,427	1,515	1,555	1,745	1,647	1,796	1,852	1,832	1,922	2,208	2,506	2,773
EBITDA-CapEx	1,102	1,249	1,290	1,349	1,408	1,471	1,669	1,560	1,692	1,746	1,723	1,799	2,049	2,354	2,598
Operating Income (Loss)	802	923	949	1,001	1,072	1,075	1,237	1,139	1,214	1,248	1,196	1,273	1,504	1,718	1,879

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	0.01	0.02	0.02	0.02	0.03	0.03	0.02	0.06	0.03	0.19	0.05	0.03	0.15	0.03	0.02
Current Ratio	0.94	0.5	0.46	0.46	0.43	0.33	0.31	0.37	0.63	0.66	0.73	0.44	0.65	0.39	0.46
Quick Ratio	0.26	0.41	0.37	0.38	0.37	0.25	0.23	0.29	0.26	0.37	0.3	0.29	0.49	0.27	0.36
CFO/Avg Current Liab	0.62	0.77	0.8	0.89	0.86	0.66	0.61	0.63	0.67	0.58	0.57	0.45	0.76	0.77	0.52
Common Equity/Total Assets	28.67	30.19	31.33	30.65	29.28	28.23	27.64	27.63	26.99	26.06	27.99	27.69	32.34	31.47	30.58
Long-Term Debt/Equity (%)	125.93	116.77	110.26	110.42	116.1	110.18	120.52	129.08	142.59	145.8	142.79	142.94	120.32	121.89	118.58
Long-Term Debt/Capital (%)	52.74	51.79	49.25	50	50.56	46.4	49.53	52.32	55.72	53.85	56.76	54.58	53.01	51.53	48.03
Long-Term Debt/Total Assets (%)	36.14	35.26	34.55	33.84	34	31.11	33.31	35.66	38.48	38	39.97	39.57	38.91	38.36	36.26
Total Debt/Equity (%)	138.76	125.45	123.89	120.81	129.61	137.45	143.31	146.73	155.89	170.76	151.58	161.86	127	136.57	146.89
Total Debt/Capital (%)	58.12	55.65	55.34	54.71	56.45	57.89	58.9	59.47	60.92	63.07	60.25	61.81	55.95	57.73	59.5
Total Debt/Total Assets (%)	39.82	37.89	38.82	37.02	37.96	38.81	39.61	40.54	42.07	44.5	42.42	44.81	41.07	42.98	44.91
CFO/Total Liabilities	7.67	9.3	8.65	9.86	9.8	9.72	10.28	9.02	8.35	7.79	7.67	5.51	9.14	9.09	8.37
CFO/CapEx	15.21	16.74	13.78	14.06	11.17	15.35	19.07	15.93	13.3	13.45	13.22	9.01	11.79	13.45	11.77
Altman's Z-Score	0.48	- -	- -	- -	0.71	0.81	0.94	- -	1.11	1.2	1.43	1.14	1.12	0.99	0.97

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	17.22	15.17	14.29	13.68	12.97	12.6	12.41	12.01	12.13	12.28	13.28	12.54	12.58	12.41	12.68
Days Sales Outstanding	21.2	24.06	25.54	26.68	28.13	28.96	29.41	30.4	30.08	29.72	27.49	29.12	29.01	29.42	28.8
Inventory Turnover	46.21	45.55	41.09	38.59	37.44	38.94	34.23	36.07	36.33	35.65	34.17	20.5	16.38	17.28	18.78
Days Inventory Outstanding	7.9	8.01	8.88	9.46	9.75	9.37	10.66	10.12	10.05	10.24	10.68	17.8	22.28	21.12	19.43
Accounts Payable Turnover	6.03	5.09	4.75	7.44	12.43	10.71	7.86	7.99	8.19	8.29	8.43	6.67	6.33	5.78	5.6
Accounts Payable Turnover Days	60.53	71.77	76.79	49.08	29.36	34.07	46.46	45.66	44.59	44.02	43.3	54.75	57.68	63.17	65.15
Cash Conversion Cycle	-31.43	-39.7	-42.37	-12.94	8.53	4.27	-6.38	-5.14	-4.47	-4.07	-5.13	-7.83	-6.39	-12.63	-16.92
Inventory to Cash Days	13.3	16.05	16.66	17.22	18.39	19.59	18.75	20.28	20.03	19.48	16.81	11.32	6.73	8.3	9.36
Inventories	29	30	33	37	38	39	41	41	44	47	57	98	112	103	112
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	29	30	33	37	38	39	41	41	44	47	57	98	112	103	112

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	5,134	- -	- -	- -	9,090	13,091	16,238	- -	22,256	27,440	34,061	28,135	25,967	24,289	25,535
- Cash & Cash Equivalents	14	24	27	23	45	75	55	130	60	547	116	85	330	96	98
+ Preferred Equity and Hybrid Capital	5	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	5,884	5,576	5,857	5,938	6,544	7,172	7,717	8,604	9,542	11,021	11,062	12,452	12,442	14,110	15,918
Enterprise Value	11,009	- -	- -	- -	15,589	20,188	23,900	- -	31,738	37,914	45,007	40,502	38,079	38,303	41,355
Total Capital	10,124	10,021	10,585	10,853	11,593	12,390	13,102	14,468	15,663	17,475	18,360	20,145	22,239	24,442	26,755
Total Debt/Capital (%)	58.12	55.65	55.34	54.71	56.45	57.89	58.9	59.47	60.92	63.07	60.25	61.81	55.95	57.73	59.5
Total Debt / EV	0.53	- -	- -	- -	0.42	0.36	0.32	- -	0.3	0.29	0.25	0.31	0.33	0.37	0.38
EV/Sales	4.13	- -	- -	- -	4.93	6.11	7.12	- -	8.79	10.04	11.45	10.68	8.99	8.18	8.05
EV/EBITDA	9.53	- -	- -	- -	10.29	12.98	13.7	- -	17.67	20.47	24.57	21.07	17.25	15.28	14.91
EV/EBIT	13.71	- -	- -	- -	14.5	18.61	19.07	- -	26.14	30.38	37.63	31.82	25.32	22.3	22.01
EV/Cash Flow to Firm	10.96	- -	- -	- -	13.05	15.66	16.49	- -	19	21.91	25.7	27.74	17.02	15.64	16.28
EV/Free Cash Flow to Firm	11.58	- -	- -	- -	14.33	16.75	17.41	- -	20.26	23.34	27.4	30.29	18.32	16.67	17.49
Diluted Market Cap	5,160	- -	- -	- -	9,178	13,157	16,289	- -	22,279	27,546	34,134	28,157	25,736	24,299	25,512
Diluted Enterprise Value	11,034	- -	- -	- -	15,677	20,254	23,951	- -	31,761	38,020	45,080	40,524	37,848	38,313	41,332
EV per Share	62.67	- -	- -	- -	87.44	113.35	133.94	- -	175.53	209.13	247.82	222.71	195.55	196.51	211.89
TTM Sales	2,666	2,854	2,879	3,011	3,159	3,302	3,357	3,440	3,610	3,777	3,930	3,792	4,234	4,684	5,140
TTM EBITDA	1,155	1,306	1,355	1,427	1,515	1,555	1,745	1,647	1,796	1,852	1,832	1,922	2,208	2,506	2,773
TTM Operating Income	802	923	949	1,001	1,072	1,075	1,237	1,139	1,214	1,248	1,196	1,273	1,504	1,718	1,879
TTM Cash Flow to Firm	1,004	1,147	1,091	1,284	1,195	1,289	1,449	1,386	1,671	1,731	1,751	1,460	2,237	2,449	2,539
TTM Free Cash Flow to Firm	951	1,090	1,026	1,206	1,088	1,205	1,373	1,299	1,567	1,625	1,642	1,337	2,078	2,297	2,364

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	6.83	- -	- -	- -	8.44	10.92	11.86	- -	17.42	20.87	25.63	28.59	15.01	12.84	13.54
EV/EBIT	13.71	- -	- -	- -	14.5	18.61	19.07	- -	26.14	30.38	37.63	31.82	25.32	22.3	22.01
Enterprise Value	11,009	- -	- -	- -	15,589	20,188	23,900	- -	31,738	37,914	45,007	40,502	38,079	38,303	41,355
Low Price	24.9	- -	- -	- -	48.71	66.97	70.6	- -	119.06	91.31	128.83	124.86	114.09	113.95	119.81
EV/Sales	4.13	- -	- -	- -	4.93	6.11	7.12	- -	8.79	10.04	11.45	10.68	8.99	8.18	8.05
EV/EBITDA	9.53	- -	- -	- -	10.29	12.98	13.7	- -	17.67	20.47	24.57	21.07	17.25	15.28	14.91
Price/Earnings	16.57	- -	- -	- -	19.17	27.96	38.02	- -	35.88	38.64	27.03	34.34	27.26	23.12	22.96
Price/Earnings Average	16.54	- -	- -	- -	19.84	28.55	33.58	- -	35.41	35.13	23.72	33.6	28.72	24.48	24.12
Price/Earnings High	17.41	- -	- -	- -	21.57	32.76	38.34	- -	36.7	43.14	27.23	42.19	33.62	28.03	27.08
Price/Earnings Low	14.11	- -	- -	- -	18.32	25.47	29.5	- -	34.7	23.31	18.56	27.71	23.33	21.14	21.03
Price/Book Value	1.21	- -	- -	- -	1.8	2.51	3.02	- -	3.64	4.25	4.67	3.66	2.65	2.35	2.36
Price/Book Value Average	1.21	- -	- -	- -	1.86	2.56	2.66	- -	3.59	3.87	4.1	3.58	2.79	2.49	2.48
Price/Book Value High	1.27	- -	- -	- -	2.03	2.94	3.04	- -	3.72	4.75	4.7	4.49	3.27	2.85	2.78
Price/Book Value Low	1.03	- -	- -	- -	1.72	2.29	2.34	- -	3.52	2.56	3.21	2.95	2.27	2.15	2.16
Price/Tangible Book Value	1.69	- -	- -	- -	2.43	3.38	4.06	- -	4.89	5.61	5.53	4.3	3	2.64	2.64
Price/Tangible Book Value Average	1.69	- -	- -	- -	2.51	3.45	3.59	- -	4.82	5.1	4.85	4.2	3.16	2.8	2.77
Price/Tangible Book Value High	1.77	- -	- -	- -	2.73	3.96	4.1	- -	5	6.26	5.57	5.28	3.7	3.2	3.11
Price/Tangible Book Value Low	1.44	- -	- -	- -	2.32	3.08	3.15	- -	4.73	3.38	3.8	3.47	2.57	2.42	2.42
Price/Sales	1.92	- -	- -	- -	2.89	3.96	4.83	- -	6.17	7.25	8.69	7.43	6.08	5.19	4.96
Price/Sales Average	1.92	- -	- -	- -	2.99	4.05	4.26	- -	6.09	6.59	7.62	7.27	6.4	5.49	5.21
Price/Sales High	2.02	- -	- -	- -	3.25	4.64	4.87	- -	6.31	8.1	8.75	9.12	7.49	6.29	5.85
Price/Sales Low	1.64	- -	- -	- -	2.76	3.61	3.74	- -	5.97	4.38	5.97	5.99	5.2	4.74	4.55
Price/Cash Flow	6.35	- -	- -	- -	7.64	10.15	11.18	- -	16.11	19.21	23.69	25.41	13.73	11.88	12.39
Price/Cash Flow Average	6.34	- -	- -	- -	7.9	10.37	9.87	- -	15.9	17.47	20.79	24.87	14.47	12.58	13.02
Price/Cash Flow High	6.67	- -	- -	- -	8.59	11.89	11.27	- -	16.48	21.45	23.87	31.22	16.93	14.41	14.61
Price/Cash Flow Low	5.41	- -	- -	- -	7.3	9.25	8.67	- -	15.58	11.59	16.27	20.51	11.75	10.87	11.35
Price/Free Cash Flow Average	6.82	- -	- -	- -	8.73	11.15	10.48	- -	17.19	18.97	22.49	27.97	15.81	13.59	14.23
Price/Free Cash Flow High	7.18	- -	- -	- -	9.49	12.79	11.96	- -	17.82	23.3	25.82	35.12	18.5	15.56	15.97
Price/Free Cash Flow Low	5.82	- -	- -	- -	8.06	9.95	9.2	- -	16.85	12.59	17.6	23.07	12.84	11.74	12.4
EV/Sales Average	4.13	- -	- -	- -	5.04	6.2	6.55	- -	8.71	9.38	10.39	10.52	9.32	8.48	8.3
EV/Sales High	4.23	- -	- -	- -	5.29	6.79	7.16	- -	8.93	10.88	11.52	12.38	10.42	9.28	8.94
EV/Sales Low	3.84	- -	- -	- -	4.81	5.76	6.04	- -	8.59	7.16	8.74	9.25	8.11	7.73	7.63
EV/EBITDA Average	9.53	- -	- -	- -	10.5	13.16	12.61	- -	17.51	19.13	22.29	20.76	17.87	15.85	15.38
EV/EBITDA High	9.76	- -	- -	- -	11.04	14.43	13.77	- -	17.96	22.2	24.71	24.42	19.99	17.34	16.56
EV/EBITDA Low	8.87	- -	- -	- -	10.02	12.23	11.61	- -	17.27	14.59	18.75	18.25	15.55	14.46	14.14
EV/EBIT Average	13.7	- -	- -	- -	14.8	18.86	17.56	- -	25.91	28.38	34.14	31.34	26.24	23.13	22.7
EV/EBIT High	14.03	- -	- -	- -	15.56	20.68	19.18	- -	26.56	32.94	37.85	36.87	29.34	25.3	24.44
EV/EBIT Low	12.76	- -	- -	- -	14.12	17.53	16.17	- -	25.54	21.66	28.71	27.55	22.83	21.09	20.86
Last Price	29.23	- -	- -	- -	50.99	73.5	91	- -	123.09	151.35	187.55	154.71	133.35	124.61	130.83
High Price	30.71	- -	- -	- -	57.37	86.13	91.76	- -	125.91	168.97	188.96	190.06	164.42	151.07	154.26
Enterprise Value Average	11,002	- -	- -	- -	15,907	20,466	22,004	- -	31,449	35,423	40,836	39,900	39,463	39,730	42,646
Enterprise Value High	11,269	- -	- -	- -	16,727	22,436	24,035	- -	32,248	41,108	45,264	46,932	44,130	43,461	45,928
Enterprise Value Low	10,249	- -	- -	- -	15,184	19,025	20,260	- -	31,009	27,028	34,343	35,073	34,329	36,226	39,205

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	176	177	178	179	178	178	178	181	181	181	182	182	195	195	195
Diluted Weighted Avg Shares	177	178	179	180	180	179	179	180	181	182	182	182	193	195	195
Basic Weighted Avg Shares	175	176	178	179	179	178	178	180	181	181	182	182	193	195	195
Revenue per Share	15.19	16.17	16.19	16.83	17.65	18.55	18.86	19.11	19.94	20.87	21.59	20.84	21.94	24.02	26.36
EBITDA per Share	6.58	7.4	7.62	7.98	8.46	8.74	9.8	9.15	9.92	10.23	10.07	10.56	11.44	12.85	14.22
Operating Income per Share	4.57	5.23	5.34	5.6	5.99	6.04	6.95	6.33	6.71	6.9	6.57	6.99	7.79	8.81	9.64
Basic EPS, GAAP	1.76	2.03	2.08	2.36	2.66	2.63	2.39	3.15	3.43	3.92	6.94	4.51	4.89	5.39	5.7
Basic EPS from Cont Ops	1.74	2.12	2.09	2.4	2.66	2.63	2.39	3.14	3.43	3.92	6.94	4.51	4.89	5.39	5.7
Diluted EPS, GAAP	1.75	2.02	2.06	2.35	2.64	2.61	2.38	3.15	3.43	3.9	6.94	4.51	4.89	5.39	5.7
Diluted EPS from Cont Ops	1.73	2.1	2.07	2.39	2.64	2.61	2.38	3.14	3.43	3.9	6.94	4.51	4.89	5.39	5.7
Dividend per Share	0.9	1.21	0.84	1.21	1.34	1.47	1.62	1.77	1.95	2.15	2.35	2.57	2.76	3	3.25
Cash Flow per Share	4.61	5.42	5.04	6.13	6.68	7.24	8.14	7.7	7.64	7.88	7.92	6.09	9.71	10.49	10.56
Free Cash Flow per Basic Share	4.3	5.09	4.67	5.7	6.08	6.77	7.71	7.22	7.07	7.29	7.32	5.41	8.89	9.71	9.66
Cash & Equivalents per Share	0.08	0.14	0.15	0.13	0.25	0.42	0.31	0.72	0.33	3.02	0.64	0.47	1.69	0.49	0.5
Book Value per Share	24.11	25.1	26.5	27.39	28.32	29.3	30.18	32.45	33.85	35.6	40.18	42.3	50.31	53.01	55.52
Tangible Book Value per Share	17.31	18.28	19.73	20.66	21.02	21.75	22.4	23.27	25.18	27	33.91	36.02	44.44	47.14	49.6