1.712
Revenue$B
1.328
1.383
1.421
1.499
1.603
1.693
1.783
1.845
1.981
2.114
1.838
5.69%
5.45%
28
14.39
Revenue growth%
22.47
21.96
19.97
17.60
19.76
22.75
23.56
25.64
24.07
26.13
9.91
24.07
22.61
37
18.87
Gross margin%
31.84
33.36
32.19
29.21
31.95
29.62
29.35
31.81
32.70
34.73
24.92
31.81
31.89
8
7.68
Operating margin%
11.52
11.06
9.94
10.25
8.17
7.09
7.39
9.31
10.43
11.93
26.25
9.31
10.10
79
16.07
Net margin%
4.15
3.44
5.08
4.12
6.88
4.57
5.85
6.04
3.11
3.17
17.03
4.57
4.36
21
21.24
P/E ratio (avg)x
41.85
48.04
56.59
63.06
65.07
62.88
65.82
71.37
85.07
99.21
35.97
71.37
64.07
87
28.47
EV/EBITx
50.55
53.01
57.50
57.32
56.98
67.19
79.76
91.02
102.2
112.7
15.77
91.02
62.35
81
29.14
FCF yield (avg)%
13.54
12.24
10.75
13.05
11.39
12.84
11.21
13.66
13.27
14.26
10.05
13.27
12.94
28
21.11
FCF margin%
3.28
2.37
4.21
2.79
4.17
5.63
7.80
8.22
5.92
6.68
18.32
6.68
4.92
74
0.917
FCF / Net incomex
1.895
2.056
1.999
2.121
2.463
2.724
2.994
2.996
3.256
3.775
0.802
2.996
2.594
89
13.47
ROIC%
11.06
9.07
7.25
6.47
9.13
10.60
7.96
10.90
10.03
11.01
3.65
10.60
9.58
76
20.36
Return on equity%
16.79
18.02
17.27
16.47
16.82
19.17
20.24
22.84
24.85
27.24
9.07
22.84
18.60
80
18.93
Return on assets%
29.45
31.82
30.56
27.82
28.19
28.33
26.94
27.20
29.90
31.98
17.21
28.33
28.89
63
6.70
EPS$
6.46
7.17
8.03
8.03
7.79
8.69
9.81
10.16
11.50
12.67
7.50
10.20%
6.95%
—
23.93
EPS growth%
12.19
14.55
12.10
11.42
9.68
8.30
11.06
8.33
11.02
9.84
12.14
9.84
11.04
77
2.72
Bookvalue per sh$
3.44
3.52
3.71
3.60
3.82
3.79
4.23
4.48
4.55
4.51
6.52
3.40%
4.53%
—
1.38
FCF per share$
5.28
5.04
4.71
4.87
5.20
5.95
6.47
7.05
7.62
7.26
7.03
6.90%
2.95%
—
8.49
Dividend per sh$
11.20
11.69
13.80
16.03
18.26
20.20
20.83
24.60
26.48
29.73
4.40
10.25%
11.72%
—
27.66
Div yield (avg)%
5.83
7.75
5.94
7.46
6.55
4.86
6.27
4.31
3.40
5.28
5.62
4.86
5.89
49
6.01
Payout ratio%
2.93
1.30
0.40
0.40
0.40
0.79
2.86
5.79
8.24
8.52
18.15
5.79
2.08
36
181.5
Shares (diluted)M
204.5
218.9
238.5
223.2
227.7
230.4
246.1
262.1
274.8
253.3
180.6
2.16%
2.18%
82
29.10
Buyback yield%
2.88
0.40
2.16
0.40
2.86
4.15
6.23
4.19
1.43
4.22
14.35
4.19
2.87
54
0.179
D/E ratiox
1.343
1.385
1.511
1.404
1.562
1.451
1.337
1.394
1.360
1.219
1.691
1.360
1.389
63
0.942
Enterprise value$B
1.504
1.738
1.768
1.845
1.967
2.124
2.558
2.942
3.530
3.997
0.304
15.24%
10.84%
70
0.326
LT debt$B
1.776
1.604
1.710
1.764
1.951
2.132
2.309
2.049
2.150
1.951
1.776
—
1.38%
20
Revenue
$2.114B
5.45%
1.00×
Cost of revenue
$1.466B
5.35%
0.99×
Operating expenses
$274.4M
4.70%
0.93×
Cash and investments
18.49%
Property and equipment
15.90%
Spread over hurdle
(0.96%)