MSCI Inc. Financial Ratios — MSCI 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 (%)	14.54	13.49	14.89	18.96	19.16	42.79	84.6	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	5.67	6.03	7.23	9.44	7.42	8.37	9.56	15.24	14.85	14.32	14.96	16.58	21.85	20.23	21.57
Return on Capital (%)	8.9	9.43	10.29	13.26	11.26	13.52	15.58	25.17	25.21	23.7	23.84	26.05	34.7	33.27	37.33
Return on Invested Capital (%)	8.98	8.63	9.35	9.48	11.31	13.54	15.46	22.53	25.23	24.74	24.84	25.67	30.77	32.75	37.02
Gross Margin (%)	69.24	72.15	73.65	72.25	75.1	78.09	78.52	79.96	81.07	82.79	82.45	82.02	82.34	81.99	82.44
EBITDA Margin (%)	45.2	48.4	46.08	41.31	44.81	49.49	51.78	53.87	55.05	58.72	59.06	60.04	61.05	60.74	61.64
Operating Margin (%)	36.14	38.48	37.26	33.83	37.57	42.42	45.5	47.9	48.51	52.19	53.28	53.71	54.75	53.52	54.67
Incremental Operating Margin (%)	46.45	9.99	25.62	- -	85.19	111.3	74.22	67.03	55.57	93.8	58.59	57.99	63.13	43.98	66.49
Pretax Margin (%)	29.24	31.54	34.25	30.94	32.52	33.54	36.64	43.93	38.73	40.48	41.99	46.42	54.14	47.48	47.67
Profit Margin (%)	19.25	22.28	24.37	28.51	20.8	22.67	23.86	35.42	36.18	35.5	35.53	38.72	45.42	38.83	38.36
Net Income to Common Margin (%)	19.25	22.28	24.37	28.51	20.8	22.67	23.86	35.42	36.18	35.5	35.53	38.72	45.42	38.83	38.36
Effective Tax Rate (%)	34.15	36.81	36.1	35.48	34.19	32.41	34.9	19.37	6.58	12.3	15.4	16.6	16.1	18.22	19.54
Dvd Payout Ratio (%)	- -	- -	- -	10.25	38.14	36.88	39.38	33.66	39.55	40.95	41.66	42.84	38.39	45.9	46.29
Sustainable Growth Rate (%)	14.54	13.49	14.89	17.02	11.85	27.01	51.28	- -	- -	- -	- -	- -	- -	- -	- -

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	1,077	855	808	788	1,579	2,075	2,078	2,576	3,236	3,519	4,311	4,644	4,628	4,632	6,310
ST Debt	10	43	20	- -	- -	- -	- -	- -	- -	- -	- -	9	11	- -	- -
LT Debt	1,067	812	788	788	1,579	2,075	2,078	2,576	3,236	3,519	4,311	4,635	4,617	4,632	6,310
Total Debt/EBITDA	2.64	2.14	1.92	1.91	3.28	3.64	3.15	3.33	3.77	3.53	3.57	3.44	3	2.67	3.27
Net Debt/EBITDA	2.03	1.68	1.07	0.68	1.66	2.25	1.8	2.16	1.83	2.08	2.27	2.61	2.62	2.37	2.95
Total Debt/EBIT	3.34	2.69	2.37	2.34	3.91	4.25	3.58	3.75	4.28	3.98	4.02	3.85	3.34	3.03	3.68
Net Debt/EBIT	2.56	2.11	1.32	0.83	1.98	2.63	2.05	2.43	2.07	2.34	2.55	2.91	2.92	2.69	3.32
EBITDA to Interest Expense	7.3	7.1	16.03	12.94	7.72	5.6	5.68	5.8	5.79	6.37	7.56	7.87	8.27	9.35	9.21
EBITDA-CapEx/Interest Expense	7.3	7.1	16.03	12.94	7.72	5.6	5.68	5.8	5.79	6.37	7.56	7.87	8.27	9.35	9.21
EBIT to Interest Expense	5.83	5.64	12.96	10.6	6.47	4.8	4.99	5.16	5.1	5.66	6.82	7.04	7.42	8.24	8.16
Interest Expense	56	56	26	32	62	102	116	133	148	156	160	172	187	186	210
Common Equity/Total Assets	42.21	47.2	49.88	49.71	28.65	10.3	12.24	-4.91	-1.82	-10.56	-2.97	-20.17	-13.41	-17.26	-46.55
Long-Term Debt/Equity (%)	81.7	56.95	50.37	55.02	175.2	653.39	518.21	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	44.77	35.6	33.22	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.48	118.75	125.46	172.62
Long-Term Debt/Total Assets (%)	34.48	26.88	25.13	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.74	83.67	85.06	110.65
Total Debt/Equity (%)	82.49	59.97	51.64	55.02	175.2	653.39	518.21	-1,546.9	-4,218.36	-793.96	-2,637.51	-460.7	-625.59	-492.76	-237.7
Total Debt/Capital (%)	45.2	37.49	34.05	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.72	119.03	125.46	172.62
Total Debt/Total Assets (%)	34.82	28.31	25.76	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.92	83.87	85.06	110.65
Net Debt to Equity	63.17	47.11	28.72	19.51	88.93	404.08	296.4	-1,003.84	-2,040.51	-466.18	-1,676.16	-349.11	-547.46	-436.7	-214.37
Net Debt/Capital (%)	38.72	32.02	22.31	16.33	47.07	80.16	74.77	111.06	94.71	116.38	100.49	133.16	118.06	124.92	181.02
EBITDA	407	400	421	412	482	569	660	772	858	996	1,207	1,350	1,544	1,735	1,932
EBITDA-CapEx	407	400	421	412	482	569	660	772	858	996	1,207	1,350	1,544	1,735	1,932
Operating Income (Loss)	326	318	340	337	404	488	580	687	756	885	1,089	1,208	1,385	1,529	1,714

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	0.87	0.5	0.71	1.08	1.56	1.48	1.46	1.12	1.67	1.27	1.14	0.79	0.3	0.26	0.28
Current Ratio	1.5	1.01	1.24	1.63	2.13	1.97	2.09	1.77	2.31	1.88	1.71	1.4	0.93	0.85	0.9
Quick Ratio	1.27	0.8	1.05	1.45	1.98	1.89	2	1.7	2.23	1.82	1.67	1.32	0.86	0.77	0.82
CFO/Avg Current Liab	0.55	0.72	0.63	0.63	0.66	0.86	0.71	0.87	0.83	0.84	0.82	0.88	0.89	0.97	0.93
Common Equity/Total Assets	42.21	47.2	49.88	49.71	28.65	10.3	12.24	-4.91	-1.82	-10.56	-2.97	-20.17	-13.41	-17.26	-46.55
Long-Term Debt/Equity (%)	81.7	56.95	50.37	55.02	175.2	653.39	518.21	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	44.77	35.6	33.22	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.48	118.75	125.46	172.62
Long-Term Debt/Total Assets (%)	34.48	26.88	25.13	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.74	83.67	85.06	110.65
Total Debt/Equity (%)	82.49	59.97	51.64	55.02	175.2	653.39	518.21	-1,546.9	-4,218.36	-793.96	-2,637.51	-460.7	-625.59	-492.76	-237.7
Total Debt/Capital (%)	45.2	37.49	34.05	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.72	119.03	125.46	172.62
Total Debt/Total Assets (%)	34.82	28.31	25.76	27.35	50.19	67.32	63.44	76.02	76.97	83.82	78.29	92.92	83.87	85.06	110.65
CFO/Total Liabilities	14.27	21.77	20.43	21.09	14.31	16	14.06	17.24	16.57	17.47	16.51	18.24	19.75	23.52	19.01
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	5.06	5.85	6.43	6.61	5.9	6	6.75	6.61	6.66	8.63	9.41	9.01	11.95	13.2	11.33

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	5.49	4.95	5.65	5.72	5.56	5.36	4.64	3.58	3.2	3.21	3.34	3.39	3.37	3.44	3.47
Days Sales Outstanding	66.49	73.73	64.55	63.76	65.69	68.16	78.65	101.95	113.95	113.87	109.23	107.76	108.45	106.09	105.23
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	3,992	3,722	5,163	5,317	7,286	7,193	11,402	12,414	21,892	36,872	50,510	37,195	44,738	46,648	42,205
- Cash & Cash Equivalents	252	183	358	509	778	792	890	904	1,507	1,301	1,421	993	458	406	512
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,077	855	808	788	1,579	2,075	2,078	2,576	3,236	3,519	4,311	4,644	4,628	4,632	6,310
Enterprise Value	4,676	4,323	5,612	5,596	8,088	8,476	12,590	14,085	23,622	39,090	53,400	40,845	48,908	50,874	48,004
Total Capital	2,382	2,280	2,372	2,221	2,481	2,393	2,479	2,409	3,159	3,076	4,148	3,636	3,888	3,692	3,655
Total Debt/Capital (%)	45.2	37.49	34.05	35.49	63.66	86.73	83.82	106.91	102.43	114.41	103.94	127.72	119.03	125.46	172.62
Total Debt / EV	0.23	0.2	0.14	0.14	0.2	0.24	0.17	0.18	0.14	0.09	0.08	0.11	0.09	0.09	0.13
EV/Sales	5.19	5.23	6.14	5.61	7.52	7.37	9.88	9.82	15.16	23.06	26.13	18.16	19.34	17.81	15.31
EV/EBITDA	11.48	10.8	13.34	13.59	16.79	14.88	19.08	18.23	27.54	39.26	44.25	30.25	31.68	29.33	24.84
EV/EBIT	14.52	13.58	16.49	16.6	20.02	17.37	21.72	20.51	31.26	44.18	49.78	33.82	35.32	33.28	28.01
EV/Cash Flow to Firm	16.03	11.3	16.61	17.16	22.32	16.58	26.24	19.56	27.86	41.23	49.86	32.98	35.12	30.77	27.32
EV/Free Cash Flow to Firm	16.03	11.3	16.61	17.16	22.32	16.58	26.24	19.56	27.86	41.23	49.86	32.98	35.12	30.77	27.32
Diluted Market Cap	4,027	3,818	5,293	5,537	7,929	7,605	11,631	13,225	22,084	37,739	51,147	37,779	45,163	47,377	43,968
Diluted Enterprise Value	4,711	4,419	5,743	5,816	8,731	8,889	12,819	14,896	23,813	39,958	54,037	41,429	49,333	51,603	49,767
EV per Share	38.57	35.99	47.53	49.93	80.07	92.84	139.73	167.28	278.58	473.4	647.75	510.82	618.37	654.37	652.55
TTM Sales	901	827	913	997	1,075	1,151	1,274	1,434	1,558	1,695	2,044	2,249	2,529	2,856	3,134
TTM EBITDA	407	400	421	412	482	569	660	772	858	996	1,207	1,350	1,544	1,735	1,932
TTM Operating Income	326	318	340	337	404	488	580	687	756	885	1,089	1,208	1,385	1,529	1,714
TTM Cash Flow to Firm	292	383	338	326	362	511	480	720	848	948	1,071	1,238	1,393	1,653	1,757
TTM Free Cash Flow to Firm	292	383	338	326	362	511	480	720	848	948	1,071	1,238	1,393	1,653	1,757

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	15.79	11	16.48	18.11	24.68	17.19	28.78	21.58	31.12	46.53	54.64	34.49	36.54	31.55	27.68
EV/EBIT	14.52	13.58	16.49	16.6	20.02	17.37	21.72	20.51	31.26	44.18	49.78	33.82	35.32	33.28	28.01
Enterprise Value	4,676	4,323	5,612	5,596	8,088	8,476	12,590	14,085	23,622	39,090	53,400	40,845	48,908	50,874	48,004
Low Price	27.53	24.75	31.48	39.78	46.8	62.17	78.4	126.51	141.06	218.65	380	376.41	451.55	439.95	486.74
EV/Sales	5.19	5.23	6.14	5.61	7.52	7.37	9.88	9.82	15.16	23.06	26.13	18.16	19.34	17.81	15.31
EV/EBITDA	11.48	10.8	13.34	13.59	16.79	14.88	19.08	18.23	27.54	39.26	44.25	30.25	31.68	29.33	24.84
Price/Earnings	22.92	20.53	23.59	19.33	35.19	28.99	37.61	25.31	38.77	62.11	69.63	43.14	39.13	42.58	36.51
Price/Earnings Average	24.25	21.84	19.78	18.31	30.24	28.59	31.74	26.92	32.87	47.44	60.84	43.51	35.61	39.05	35.96
Price/Earnings High	27.98	25.28	24.51	21.17	35.83	33.41	38.81	31.62	40.17	62.17	77.26	57.24	39.66	45.59	40.41
Price/Earnings Low	19.16	16.39	16.99	16.2	22.84	22.88	23.3	21.72	21.18	30.42	43.19	34.91	31.24	31.22	30.97
Price/Book Value	3.06	2.61	3.3	3.71	8.08	22.65	28.43	-74.56	-285.38	-83.19	-308.99	-36.9	-60.48	-49.63	-15.9
Price/Book Value Average	3.24	2.78	2.77	3.52	6.95	22.33	24	-79.32	-241.97	-63.53	-269.98	-37.22	-55.03	-45.51	-15.66
Price/Book Value High	3.73	3.22	3.43	4.07	8.23	26.1	29.34	-93.16	-295.69	-83.26	-342.86	-48.96	-61.3	-53.14	-17.6
Price/Book Value Low	2.56	2.09	2.38	3.11	5.24	17.87	17.62	-63.98	-155.92	-40.73	-191.64	-29.86	-48.28	-36.39	-13.49
Price/Tangible Book Value	-3.81	-3.73	-6.11	-9.4	-6.9	-4.54	-7.7	-6.23	-11.52	-16.43	-16.87	-9.8	-9.76	-9.79	-6.58
Price/Tangible Book Value Average	-4.03	-3.96	-5.13	-8.91	-5.93	-4.47	-6.5	-6.63	-9.76	-12.55	-14.74	-9.88	-8.88	-8.98	-6.48
Price/Tangible Book Value High	-4.65	-4.59	-6.35	-10.3	-7.03	-5.23	-7.94	-7.78	-11.93	-16.44	-18.72	-13	-9.89	-10.49	-7.29
Price/Tangible Book Value Low	-3.18	-2.98	-4.4	-7.88	-4.48	-3.58	-4.77	-5.34	-6.29	-8.05	-10.47	-7.93	-7.79	-7.18	-5.59
Price/Sales	4.41	4.57	5.75	5.51	7.32	6.57	8.97	8.96	14.03	22.05	24.74	16.7	17.77	16.54	14
Price/Sales Average	4.67	4.87	4.82	5.22	6.29	6.48	7.57	9.54	11.89	16.84	21.61	16.85	16.17	15.16	13.79
Price/Sales High	5.39	5.63	5.97	6.04	7.45	7.57	9.26	11.2	14.54	22.07	27.45	22.16	18.01	17.7	15.5
Price/Sales Low	3.69	3.65	4.14	4.62	4.75	5.19	5.56	7.69	7.66	10.8	15.34	13.52	14.19	12.12	11.88
Price/Cash Flow	15.59	10.9	16.35	17.96	24.5	17.09	28.28	20.98	30.8	46.09	54	34.29	36.36	31.45	27.63
Price/Cash Flow Average	16.49	11.6	13.71	17.02	21.06	16.86	23.88	22.32	26.12	35.2	47.19	34.58	33.09	28.84	27.22
Price/Cash Flow High	19.03	13.42	16.98	19.68	24.95	19.7	29.19	26.21	31.91	46.13	59.92	45.49	36.86	33.67	30.58
Price/Cash Flow Low	13.03	8.7	11.77	15.06	15.9	13.49	17.52	18	16.83	22.57	33.49	27.75	29.03	23.06	23.44
Price/Free Cash Flow Average	16.71	11.71	13.82	17.16	21.21	16.95	24.29	22.96	26.39	35.53	47.74	34.78	33.25	28.93	27.26
Price/Free Cash Flow High	19.28	13.55	17.12	19.85	25.13	19.81	29.7	26.97	32.25	46.57	60.63	45.76	37.03	33.78	30.64
Price/Free Cash Flow Low	13.2	8.79	11.87	15.19	16.01	13.57	17.83	18.52	17.01	22.78	33.89	27.91	29.17	23.13	23.48
EV/Sales Average	5.45	5.52	5.23	5.33	6.57	7.28	8.49	10.38	13.03	17.92	23.01	18.31	17.75	16.46	15.11
EV/Sales High	6.17	6.27	6.36	6.13	7.65	8.32	10.17	11.98	15.67	23.07	28.84	23.57	19.58	18.97	16.75
EV/Sales Low	4.46	4.32	4.56	4.75	5.14	6.05	6.48	8.59	8.79	11.96	16.74	15.01	15.77	13.46	13.27
EV/EBITDA Average	12.05	11.4	11.35	12.91	14.66	14.71	16.39	19.26	23.66	30.51	38.96	30.49	29.07	27.09	24.52
EV/EBITDA High	13.65	12.96	13.81	14.83	17.06	16.81	19.64	22.24	28.47	39.3	48.83	39.25	32.07	31.23	27.18
EV/EBITDA Low	9.87	8.93	9.9	11.51	11.48	12.22	12.51	15.95	15.96	20.36	28.35	25	25.83	22.15	21.53
EV/EBIT Average	15.24	14.34	14.04	15.77	17.49	17.16	18.65	21.66	26.85	34.33	43.83	34.09	32.41	30.75	27.64
EV/EBIT High	17.26	16.29	17.08	18.11	20.35	19.61	22.34	25.01	32.31	44.22	54.94	43.88	35.76	35.44	30.64
EV/EBIT Low	12.49	11.23	12.24	14.05	13.69	14.26	14.23	17.94	18.12	22.91	31.9	27.95	28.8	25.14	24.28
Last Price	32.93	30.99	43.72	47.44	72.13	78.78	126.54	147.43	258.18	446.53	612.69	465.17	565.65	600.01	573.73
High Price	40.2	38.17	45.42	51.98	73.44	90.79	130.58	184.22	267.51	446.9	679.85	617.13	573.32	642.45	634.99
Enterprise Value Average	4,908	4,562	4,778	5,317	7,063	8,376	10,813	14,878	20,292	30,378	47,023	41,163	44,876	47,002	47,367
Enterprise Value High	5,557	5,185	5,813	6,105	8,220	9,572	12,954	17,183	24,413	39,121	58,936	52,996	49,515	54,173	52,510
Enterprise Value Low	4,021	3,573	4,167	4,738	5,529	6,959	8,253	12,324	13,691	20,273	34,217	33,748	39,883	38,430	41,604

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	121	120	118	112	101	91	90	84	85	83	82	80	79	78	74
Diluted Weighted Avg Shares	122	123	121	117	110	97	92	90	86	85	83	81	80	79	77
Basic Weighted Avg Shares	121	122	120	116	109	96	90	87	85	84	83	81	79	79	77
Revenue per Share	7.46	6.78	7.61	8.61	9.85	11.99	14.1	16.45	18.4	20.25	24.77	27.85	31.83	36.29	40.97
EBITDA per Share	3.37	3.28	3.5	3.56	4.41	5.93	7.3	8.86	10.13	11.89	14.63	16.72	19.43	22.04	25.26
Operating Income per Share	2.7	2.61	2.83	2.91	3.7	5.09	6.42	7.88	8.93	10.57	13.2	14.96	17.42	19.42	22.4
Basic EPS, GAAP	1.44	1.51	1.85	2.45	2.05	2.72	3.36	5.83	6.66	7.19	8.8	10.78	14.45	14.09	15.72
Basic EPS from Cont Ops	1.44	1.35	1.66	1.72	2.11	2.72	3.36	5.83	6.66	7.19	8.8	10.78	14.45	14.09	15.72
Diluted EPS, GAAP	1.42	1.5	1.84	2.43	2.03	2.7	3.31	5.66	6.59	7.12	8.7	10.72	14.39	14.05	15.69
Diluted EPS from Cont Ops	1.42	1.34	1.65	1.7	2.09	2.7	3.31	5.66	6.59	7.12	8.7	10.72	14.39	14.05	15.69
Dividend per Share	- -	- -	- -	0.18	0.8	1	1.33	1.96	2.63	2.94	3.67	4.62	5.55	6.47	7.27
Cash Flow per Share	2.11	2.84	2.67	2.64	2.94	4.61	4.47	7.03	8.38	9.69	11.35	13.57	15.55	19.08	20.76
Free Cash Flow per Basic Share	2.11	2.84	2.67	2.64	2.94	4.61	4.47	7.03	8.38	9.69	11.35	13.57	15.55	19.08	20.76
Cash & Equivalents per Share	3.24	2.12	3.04	4.54	7.7	8.67	9.87	10.74	17.77	15.75	17.24	12.42	5.79	5.22	6.96
Book Value per Share	10.77	11.87	13.25	12.78	8.92	3.48	4.45	-1.98	-0.9	-5.37	-1.98	-12.61	-9.35	-12.09	-36.09
Tangible Book Value per Share	-8.65	-8.32	-7.15	-5.05	-10.45	-17.37	-16.44	-23.67	-22.42	-27.18	-36.31	-47.48	-57.95	-61.26	-87.14