Zimmer Biomet Holdings, Inc. Financial Ratios — ZBH Stock

Profitability (USD)

	2012 Y	2013 Y	2014 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	12/31/2012	12/31/2013	05/31/2014	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 (%)	13.28	12.84	- -	- -	1.79	3.13	16.95	-3.3	9.57	-1.13	3.23	1.88	8.36	7.25	5.6
Return on Assets (%)	8.61	8.39	- -	- -	0.8	1.14	6.88	-1.51	4.64	-0.57	1.68	1.04	4.81	4.22	3.17
Return on Capital (%)	10.89	10.68	- -	- -	2.87	2.73	- -	- -	- -	- -	2.93	1.87	6.76	5.92	4.9
Return on Invested Capital (%)	10.65	10.38	- -	- -	3.01	2.94	- -	- -	- -	- -	3.84	2.69	6.83	6.1	4.82
Gross Margin (%)	74.84	72.6	- -	73.41	69.98	68.94	72.67	71.36	71.78	70.23	71.29	70.9	71.82	71.46	69.71
EBITDA Margin (%)	31.54	30.87	- -	30.24	19.67	24.26	23.86	13.54	26.85	16.02	26.34	23.38	30.15	29.72	26.63
Operating Margin (%)	26.93	25.65	- -	24.99	15.51	17.7	18.08	14.46	15.91	11.5	14.73	17.18	19.63	19.9	16.48
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	25.54	39.66	- -	248.68	30.47	42.97	165.81	57.05	27.07	- -
Pretax Margin (%)	22.14	21.8	- -	20.1	2.55	5.21	5.95	-3.42	11.35	-1.72	7.31	5.81	14.43	13.5	10.09
Profit Margin (%)	16.88	16.88	- -	15.41	2.45	3.99	23.24	-4.78	14.18	-2.27	5.88	3.33	13.85	11.77	8.57
Net Income to Common Margin (%)	16.88	16.88	- -	15.41	2.45	3.99	23.24	-4.78	14.18	-2.27	5.88	3.33	13.85	11.77	8.57
Effective Tax Rate (%)	23.96	22.77	- -	23.44	4.57	23.77	- -	- -	- -	- -	10.72	27.83	3.95	12.68	15.13
Dvd Payout Ratio (%)	12.57	17.04	- -	20.26	108.05	62.12	10.68	-51.45	17.39	-2,577.92	44.87	68.86	19.58	21.62	26.99
Sustainable Growth Rate (%)	11.61	10.65	- -	- -	-0.14	1.19	15.14	-4.99	7.9	-30.26	1.78	0.58	6.72	5.68	4.09

Credit (USD)

Credit Ratios API ChatGPT

	2012 Y	2013 Y	2014 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	12/31/2012	12/31/2013	05/31/2014	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	1,821	1,673	- -	1,426	11,497	11,241	10,143	8,939	8,221	8,127	7,069	5,697	5,768	6,205	7,519
ST Debt	100	1	- -	- -	- -	576	1,225	525	1,500	500	1,605	544	900	863	587
LT Debt	1,721	1,672	- -	1,426	11,497	10,666	8,918	8,414	6,721	7,627	5,464	5,152	4,868	5,342	6,932
Total Debt/EBITDA	1.29	1.17	- -	1.01	9.75	6.04	5.45	8.32	3.84	8.28	3.93	3.51	2.59	2.72	3.43
Net Debt/EBITDA	0.66	0.41	- -	0.24	8.51	5.7	5.17	7.82	3.55	7.46	3.72	3.28	2.4	2.49	3.16
Total Debt/EBIT	1.74	1.57	- -	1.37	24.6	13.69	12.69	264.46	7.23	97.79	8.22	8.18	4.51	4.83	6.85
Net Debt/EBIT	0.89	0.55	- -	0.33	21.48	12.92	12.03	248.4	6.68	88.14	7.78	7.64	4.19	4.42	6.31
EBITDA to Interest Expense	19.35	20.36	- -	22.39	4.12	5.24	5.72	3.71	9.45	4.63	8.63	9.85	11.08	10.47	7.49
EBITDA-CapEx/Interest Expense	17.76	18.93	- -	20.1	3.53	4.72	5.24	3.15	7.66	4.1	7.9	8.53	9.12	8.83	6.54
EBIT to Interest Expense	16.52	16.92	- -	18.51	3.25	3.82	4.34	3.97	5.6	3.32	4.82	7.23	7.21	7.01	4.63
Interest Expense	73	70	- -	63	287	355	325	289	227	212	208	165	201	218	293
Common Equity/Total Assets	65.03	65.73	- -	67.82	36.41	36.23	45.11	46.72	50.28	49.94	53.98	57.06	58.06	58.36	54.99
Long-Term Debt/Equity (%)	29.33	26.54	- -	21.76	116.26	110.3	75.99	74.62	54.24	62.52	43.14	42.84	38.98	42.81	54.56
Long-Term Debt/Capital (%)	22.39	20.97	- -	17.87	53.76	51	40.76	41.62	32.61	37.52	27.69	29.07	26.66	28.59	34.27
Long-Term Debt/Total Assets (%)	19.09	17.46	- -	14.76	42.33	39.97	34.28	34.87	27.28	31.23	23.29	24.46	22.64	25	30.02
Total Debt/Equity (%)	31.04	26.55	- -	21.76	116.26	116.25	86.43	79.27	66.34	66.61	55.81	47.36	46.19	49.73	59.18
Total Debt/Capital (%)	23.69	20.98	- -	17.87	53.76	53.76	46.36	44.22	39.88	39.98	35.82	32.14	31.59	33.21	37.18
Total Debt/Total Assets (%)	20.2	17.46	- -	14.76	42.33	42.13	38.99	37.05	33.37	33.28	30.14	27.04	26.83	29.04	32.56
Net Debt to Equity	15.97	9.4	- -	5.22	101.5	109.69	81.96	74.46	61.35	60.04	52.82	44.24	42.86	45.52	54.52
Net Debt/Capital (%)	13.77	8.59	- -	4.96	50.37	52.31	45.04	42.68	38.02	37.52	34.56	30.67	30	31.28	35.28
EBITDA	1,411	1,427	- -	1,413	1,180	1,860	1,862	1,074	2,144	982	1,798	1,623	2,229	2,282	2,192
EBITDA-CapEx	1,295	1,327	- -	1,268	1,012	1,676	1,706	912	1,739	869	1,646	1,405	1,835	1,925	1,915
Operating Income (Loss)	1,204	1,186	- -	1,168	931	1,357	1,411	1,147	1,270	705	1,005	1,192	1,451	1,528	1,356

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2012 Y	2013 Y	2014 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	12/31/2012	12/31/2013	05/31/2014	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	1.8	1.75	- -	1.66	1	0.27	0.17	0.22	0.18	0.31	0.11	0.16	0.15	0.21	0.23
Current Ratio	4.28	4.07	- -	4.21	3.62	1.96	1.49	1.83	1.37	1.99	1.41	1.88	1.61	1.91	1.98
Quick Ratio	2.82	2.66	- -	2.55	1.9	0.94	0.67	0.75	0.58	0.88	0.47	0.75	0.65	0.82	0.89
CFO/Avg Current Liab	1.33	1.02	- -	- -	0.64	0.82	0.58	0.64	0.54	0.4	0.5	0.44	0.61	0.56	0.67
Common Equity/Total Assets	65.03	65.73	- -	67.82	36.41	36.23	45.11	46.72	50.28	49.94	53.98	57.06	58.06	58.36	54.99
Long-Term Debt/Equity (%)	29.33	26.54	- -	21.76	116.26	110.3	75.99	74.62	54.24	62.52	43.14	42.84	38.98	42.81	54.56
Long-Term Debt/Capital (%)	22.39	20.97	- -	17.87	53.76	51	40.76	41.62	32.61	37.52	27.69	29.07	26.66	28.59	34.27
Long-Term Debt/Total Assets (%)	19.09	17.46	- -	14.76	42.33	39.97	34.28	34.87	27.28	31.23	23.29	24.46	22.64	25	30.02
Total Debt/Equity (%)	31.04	26.55	- -	21.76	116.26	116.25	86.43	79.27	66.34	66.61	55.81	47.36	46.19	49.73	59.18
Total Debt/Capital (%)	23.69	20.98	- -	17.87	53.76	53.76	46.36	44.22	39.88	39.98	35.82	32.14	31.59	33.21	37.18
Total Debt/Total Assets (%)	20.2	17.46	- -	14.76	42.33	42.13	38.99	37.05	33.37	33.28	30.14	27.04	26.83	29.04	32.56
CFO/Total Liabilities	36.61	29.36	- -	34.14	4.92	9.59	11.08	13.6	12.95	9.86	13.89	14.21	17.56	16.87	16.34
CFO/CapEx	9.96	9.63	- -	7.32	5.07	8.84	10.14	10.74	3.92	10.73	9.86	5.9	4.01	4.2	6.13
Altman's Z-Score	5.94	6.5	- -	7.3	3.75	4.39	5.04	4.96	5.1	4.69	4.35	5.37	5.35	5.38	4.81

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2012 Y	2013 Y	2014 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	12/31/2012	12/31/2013	05/31/2014	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	5.19	5.08	- -	- -	5.09	5.03	4.96	5.63	6.05	4.35	5.03	5.26	5.24	5.25	5.17
Days Sales Outstanding	70.34	71.89	- -	- -	71.77	72.61	73.64	64.87	60.35	83.89	72.5	69.45	69.7	69.47	70.62
Inventory Turnover	1.17	1.22	- -	- -	1.04	1.13	1.06	1.05	0.97	0.75	0.85	0.94	0.92	0.95	1.1
Days Inventory Outstanding	312.24	298.21	- -	- -	349.41	322.85	344.63	347.41	376.04	483.76	428.11	388.15	396.95	384.83	330.92
Accounts Payable Turnover	7.27	8.15	- -	- -	13.31	6.43	6.45	7.1	6.24	5.17	5.21	6.11	6.07	6.75	10.23
Accounts Payable Turnover Days	50.18	44.8	- -	- -	27.43	56.78	56.55	51.39	58.52	70.58	70.07	59.72	60.11	54.11	35.69
Cash Conversion Cycle	332.39	325.29	- -	- -	393.75	338.68	361.71	360.89	377.88	497.07	430.54	397.88	406.54	400.2	365.85
Inventory to Cash Days	-241.9	-226.32	- -	- -	-277.64	-250.24	-270.99	-282.53	-315.69	-399.87	-355.61	-318.7	-327.25	-315.36	-260.3
Inventories	995	1,075	- -	1,193	2,254	1,959	2,068	2,257	2,385	2,451	2,148	2,147	2,385	2,235	2,286
Raw Materials	157	180	- -	181	280	261	250	228	279	272	243	261	308	289	273
Work In Process	52	77	- -	88	146	142	200	230	231	224	176	231	247	175	181
Finished Goods	786	817	- -	924	1,828	1,557	1,619	1,798	1,875	1,955	1,729	1,655	1,831	1,772	1,832
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2012 Y	2013 Y	2014 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	12/31/2012	12/31/2013	05/31/2014	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	11,097	15,351	17,088	18,672	20,174	20,083	23,717	20,527	29,913	31,033	25,758	26,648	25,022	21,028	17,578
- Cash & Cash Equivalents	884	1,081	- -	1,083	1,459	634	524	543	618	802	378	376	416	526	592
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	5	3	- -	2	2	1	- -	5	5	5	6	7	8	8	8
+ Total Debt	1,821	1,673	- -	1,426	11,497	11,241	10,143	8,939	8,221	8,127	7,069	5,697	5,768	6,205	7,519
Enterprise Value	11,367	15,219	17,088	18,404	30,049	30,692	33,335	28,927	37,521	38,363	32,454	31,975	30,381	26,715	24,513
Total Capital	7,687	7,973	- -	7,977	21,387	20,911	21,878	20,215	20,614	20,326	19,735	17,724	18,256	18,681	20,225
Total Debt/Capital (%)	23.69	20.98	- -	17.87	53.76	53.76	46.36	44.22	39.88	39.98	35.82	32.14	31.59	33.21	37.18
Total Debt / EV	0.16	0.11	- -	0.08	0.38	0.37	0.3	0.31	0.22	0.21	0.22	0.18	0.19	0.23	0.31
EV/Sales	2.54	3.29	- -	3.94	5.01	4	4.27	3.65	4.7	6.26	4.75	4.61	4.11	3.48	2.98
EV/EBITDA	8.06	10.66	- -	13.02	25.47	16.5	17.9	26.93	17.5	39.09	18.05	19.7	13.63	11.71	11.18
EV/EBIT	10.85	14.24	- -	17.74	64.3	37.38	41.71	855.84	32.99	461.65	37.72	45.92	23.78	20.78	22.32
EV/Cash Flow to Firm	9.42	14.96	- -	16.6	26.75	16.13	- -	- -	- -	- -	19.26	22.78	17.12	15.81	12.6
EV/Free Cash Flow to Firm	10.41	16.59	- -	19.09	31.44	17.86	- -	- -	- -	- -	21.17	26.96	22.01	20.04	14.69
Diluted Market Cap	11,382	15,532	17,088	18,892	18,890	20,264	23,846	20,476	30,014	30,944	25,931	26,813	25,520	21,538	17,867
Diluted Enterprise Value	11,652	15,400	17,088	18,624	28,765	30,872	33,464	28,877	37,623	38,273	32,627	32,141	30,880	27,225	24,802
EV per Share	66.24	89.63	101.23	108.45	148.24	153	164.54	141.8	182.14	184.79	155.28	152.99	147.77	134.2	125.4
TTM Sales	4,472	4,623	- -	4,673	5,998	7,668	7,803	7,933	7,982	6,128	6,827	6,940	7,394	7,679	8,232
TTM EBITDA	1,411	1,427	- -	1,413	1,180	1,860	1,862	1,074	2,144	982	1,798	1,623	2,229	2,282	2,192
TTM Operating Income	1,204	1,186	- -	1,168	931	1,357	1,411	1,147	1,270	705	1,005	1,192	1,451	1,528	1,356
TTM Cash Flow to Firm	1,207	1,017	- -	1,109	1,123	1,903	- -	- -	- -	- -	1,685	1,404	1,775	1,690	1,946
TTM Free Cash Flow to Firm	1,092	917	- -	964	956	1,718	- -	- -	- -	- -	1,533	1,186	1,380	1,333	1,669

Multiples (USD)

Valuation Multiples API ChatGPT

	2012 Y	2013 Y	2014 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	12/31/2012	12/31/2013	05/31/2014	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	10.98	18	- -	20.63	27.69	14	16.72	12.92	25.41	28.33	19.25	25.13	21.5	18.85	12.58
EV/EBIT	10.85	14.24	- -	17.74	64.3	37.38	41.71	855.84	32.99	461.65	37.72	45.92	23.78	20.78	22.32
Enterprise Value	11,367	15,219	17,088	18,404	30,049	30,692	33,335	28,927	37,521	38,363	32,454	31,975	30,381	26,715	24,513
Low Price	51.13	65.32	72.32	87.78	86.12	85.63	99.52	94.09	95.65	72.15	113.12	100.39	102	101.47	85.33
EV/Sales	2.54	3.29	- -	3.94	5.01	4	4.27	3.65	4.7	6.26	4.75	4.61	4.11	3.48	2.98
EV/EBITDA	8.06	10.66	- -	13.02	25.47	16.5	17.9	26.93	17.5	39.09	18.05	19.7	13.63	11.71	11.18
Price/Earnings	14.98	19.65	- -	25.82	126.88	65.46	13.03	- -	26.32	- -	64.02	115.49	24.8	23.74	25.25
Price/Earnings Average	14.1	16.94	- -	23.08	134.5	72.08	12.8	- -	22.58	- -	77.12	105.23	25.47	25.77	27.88
Price/Earnings High	15.53	19.75	- -	26.44	150.68	84.49	14.42	- -	26.67	- -	90.88	122.33	30.42	30.09	32.14
Price/Earnings Low	11.84	14.2	- -	20.59	109.79	55.99	11.08	- -	17.34	- -	58.76	90.93	20.79	22.8	23.96
Price/Book Value	1.89	2.44	- -	2.85	2.04	2.08	2.02	1.82	2.41	2.54	2.03	2.22	2	1.69	1.38
Price/Book Value Average	1.78	2.1	- -	2.55	2.16	2.29	1.99	2.06	2.07	2.2	2.45	2.02	2.06	1.83	1.53
Price/Book Value High	1.96	2.45	- -	2.92	2.42	2.68	2.24	2.36	2.45	2.73	2.89	2.35	2.46	2.14	1.76
Price/Book Value Low	1.5	1.76	- -	2.27	1.77	1.78	1.72	1.7	1.59	1.23	1.87	1.75	1.68	1.62	1.31
Price/Tangible Book Value	4.35	5.15	- -	5.44	-2.29	-2.06	-3.26	-3.42	-6.69	-7.53	-14.37	-16.41	-20.95	-19.45	-8.94
Price/Tangible Book Value Average	4.1	4.44	- -	4.86	-2.43	-2.27	-3.2	-3.87	-5.74	-6.52	-17.31	-14.95	-21.51	-21.11	-9.87
Price/Tangible Book Value High	4.51	5.18	- -	5.57	-2.72	-2.66	-3.6	-4.43	-6.78	-8.07	-20.4	-17.38	-25.69	-24.65	-11.37
Price/Tangible Book Value Low	3.44	3.72	- -	4.34	-1.99	-1.76	-2.77	-3.2	-4.41	-3.63	-13.19	-12.92	-17.56	-18.68	-8.48
Price/Sales	2.53	3.32	- -	3.98	3.11	2.61	3.03	2.58	3.73	5.05	3.77	3.85	3.43	2.79	2.16
Price/Sales Average	2.38	2.86	- -	3.56	3.3	2.88	2.98	2.92	3.2	4.37	4.54	3.51	3.53	3.03	2.39
Price/Sales High	2.62	3.33	- -	4.07	3.69	3.37	3.35	3.35	3.78	5.41	5.35	4.08	4.21	3.54	2.75
Price/Sales Low	2	2.4	- -	3.17	2.69	2.23	2.58	2.41	2.46	2.44	3.46	3.03	2.88	2.68	2.05
Price/Cash Flow	9.82	15.92	- -	17.53	21.95	12.27	14.94	11.72	18.78	25.69	17.15	20.8	16.06	14.31	10.49
Price/Cash Flow Average	9.24	13.73	- -	15.68	23.27	13.51	14.68	13.27	16.11	22.25	20.66	18.95	16.49	15.53	11.58
Price/Cash Flow High	10.18	16.01	- -	17.95	26.07	15.84	16.52	15.2	19.03	27.53	24.35	22.03	19.69	18.14	13.35
Price/Cash Flow Low	7.76	11.5	- -	13.99	18.99	10.49	12.7	10.96	12.37	12.4	15.74	16.38	13.46	13.74	9.96
Price/Free Cash Flow Average	10.34	15.52	- -	18.45	29.36	15.42	16.43	14.63	21.8	24.54	23.19	22.9	22.07	20.46	13.89
Price/Free Cash Flow High	11.38	18.09	- -	21.13	32.89	18.07	18.5	16.76	25.75	30.37	27.33	26.62	26.36	23.89	16.01
Price/Free Cash Flow Low	8.68	13	- -	16.46	23.96	11.97	14.21	12.08	16.74	13.67	17.67	19.78	18.02	18.11	11.94
EV/Sales Average	2.4	2.83	- -	3.51	5.21	4.27	4.22	3.99	4.17	5.58	5.53	4.27	4.2	3.71	3.2
EV/Sales High	2.63	3.31	- -	4.03	5.64	4.76	4.59	4.42	4.75	6.62	6.34	4.83	4.87	4.21	3.56
EV/Sales Low	2.02	2.37	- -	3.13	4.56	3.62	3.82	3.48	3.42	3.64	4.44	3.79	3.56	3.37	2.87
EV/EBITDA Average	7.6	9.18	- -	11.62	26.5	17.59	17.68	29.46	15.52	34.86	20.98	18.25	13.93	12.5	12.02
EV/EBITDA High	8.35	10.72	- -	13.34	28.68	19.64	19.26	32.61	17.69	41.36	24.06	20.68	16.17	14.17	13.37
EV/EBITDA Low	6.41	7.68	- -	10.35	23.17	14.94	15.99	25.69	12.74	22.73	16.87	16.21	11.81	11.34	10.77
EV/EBIT Average	10.23	12.26	- -	15.84	66.9	39.85	41.19	936.32	29.25	411.7	43.85	42.52	24.3	22.18	23.99
EV/EBIT High	11.24	14.32	- -	18.17	72.4	44.49	44.86	1,036.36	33.34	488.45	50.29	48.19	28.21	25.16	26.69
EV/EBIT Low	8.63	10.26	- -	14.1	58.49	33.84	37.26	816.44	24.01	268.44	35.26	37.78	20.61	20.13	21.51
Last Price	64.67	90.41	101.23	110.03	99.52	100.12	117.06	100.62	145.21	149.49	123.24	127.5	121.7	105.63	89.92
High Price	67.03	90.9	105.09	112.67	118.2	129.23	129.5	130.53	147.14	160.22	174.97	135.05	149.25	133.9	114.44
Enterprise Value Average	10,717	13,104	14,577	16,426	31,261	32,724	32,921	31,648	33,267	34,212	37,728	29,608	31,052	28,516	26,346
Enterprise Value High	11,772	15,303	17,740	18,852	33,834	36,532	35,855	35,029	37,919	40,590	43,265	33,553	36,046	32,343	29,306
Enterprise Value Low	9,044	10,960	12,208	14,627	27,331	27,786	29,782	27,596	27,313	22,308	30,338	26,309	26,331	25,887	23,616

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2012 Y	2013 Y	2014 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	12/31/2012	12/31/2013	05/31/2014	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	172	170	169	170	203	201	203	204	206	208	209	209	206	199	195
Diluted Weighted Avg Shares	176	172	169	172	190	202	204	204	207	207	210	210	210	204	199
Basic Weighted Avg Shares	175	170	169	169	187	200	202	204	205	207	209	210	209	203	198
Revenue per Share	25.57	27.26	- -	27.65	32.01	38.34	38.65	38.98	38.92	29.6	32.73	33.11	35.43	37.81	41.57
EBITDA per Share	8.06	8.41	- -	8.36	6.3	9.3	9.22	5.28	10.45	4.74	8.62	7.74	10.68	11.24	11.07
Operating Income per Share	6.88	6.99	- -	6.91	4.97	6.79	6.99	5.64	6.19	3.4	4.82	5.69	6.95	7.52	6.85
Basic EPS, GAAP	4.32	4.6	- -	4.26	0.78	1.53	8.98	-1.86	5.52	-0.67	1.93	1.1	4.91	4.45	3.56
Basic EPS from Cont Ops	4.3	4.59	- -	4.26	0.78	1.52	8.98	-1.86	5.52	-0.04	2.14	1.39	4.91	4.46	3.56
Diluted EPS, GAAP	4.29	4.54	- -	4.2	0.77	1.51	8.9	-1.86	5.47	-0.67	1.91	1.1	4.88	4.43	3.55
Diluted EPS from Cont Ops	4.28	4.53	- -	4.19	0.77	1.5	8.9	-1.86	5.47	-0.04	2.12	1.38	4.89	4.44	3.55
Dividend per Share	0.54	0.78	- -	0.86	0.84	0.94	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.97	0.96
Cash Flow per Share	6.59	5.68	- -	6.28	4.53	8.16	7.84	8.59	7.73	5.82	7.19	6.13	7.58	7.38	8.57
Free Cash Flow per Basic Share	5.93	5.09	- -	5.42	3.64	7.24	7.06	7.79	5.76	5.28	6.46	5.09	5.69	5.63	7.17
Cash & Equivalents per Share	9.07	10.65	- -	9.99	8.01	3.16	2.59	2.66	3	3.86	1.81	1.8	2.02	2.64	3.03
Book Value per Share	34.15	37.09	- -	38.6	48.78	48.2	57.93	55.25	60.14	58.74	60.58	57.51	60.7	62.63	64.96
Tangible Book Value per Share	14.85	17.54	- -	20.23	-43.38	-48.66	-35.96	-29.45	-21.7	-19.86	-8.58	-7.77	-5.81	-5.43	-10.06