1,420
Revenue$B
1,935
2,014
2,062
2,050
2,099
2,167
2,193
2,228
2,263
2,300
1,558
1.85%
2.00%
16
18.71
Revenue growth%
14.05
13.74
14.84
14.33
15.86
18.27
18.05
15.33
12.97
14.89
17.22
15.33
14.86
83
23.97
Gross margin%
8.92
6.93
6.97
9.33
12.18
11.48
10.40
7.66
5.37
4.14
17.95
7.66
8.29
19
18.78
Operating margin%
4.88
4.85
3.88
4.57
6.56
9.08
10.30
10.21
8.86
7.86
11.93
9.08
7.21
15
22.99
Net margin%
22.52
20.17
22.79
22.71
22.59
23.83
21.94
19.39
21.00
21.18
10.86
21.18
22.23
74
32.22
P/E ratio (avg)x
27.02
26.29
24.69
25.86
24.39
23.72
26.88
24.81
27.54
27.47
18.10
26.88
26.08
75
31.43
EV/EBITx
38.29
43.51
52.33
54.75
63.23
66.75
70.44
72.49
72.58
79.30
35.45
72.49
64.99
18
22.27
FCF yield (avg)%
19.95
22.42
25.18
26.25
28.70
28.57
31.56
29.01
28.36
30.05
5.13
29.01
28.47
21
6.08
FCF margin%
9.34
7.14
5.87
3.47
1.91
0.40
0.40
0.40
0.40
0.60
15.40
0.40
1.26
87
0.129
FCF / Net incomex
0.768
0.882
0.947
0.955
1.018
1.126
1.181
1.228
1.436
1.387
1.612
1.228
1.072
86
16.69
ROIC%
3.76
4.51
6.62
5.33
7.44
8.21
8.60
6.98
9.86
7.32
18.68
8.21
7.15
10
8.96
Return on equity%
21.15
20.95
19.88
17.86
17.08
16.98
17.37
19.04
17.10
19.77
3.54
17.37
18.45
78
7.44
Return on assets%
7.76
4.98
5.88
8.50
7.56
6.19
7.83
9.74
12.09
12.44
17.99
9.74
7.79
22
231.60
EPS$
448.57
443.30
463.44
526.95
513.25
535.32
590.62
593.58
694.80
681.90
246.04
5.85%
4.22%
—
4.25
EPS growth%
9.24
12.14
12.11
11.10
8.78
5.97
5.86
5.28
3.05
4.80
20.15
5.28
7.38
95
318.87
Bookvalue per sh$
128.32
142.95
131.87
126.60
121.93
135.27
135.69
143.30
153.73
169.85
189.33
6.85%
1.65%
—
531.05
FCF per share$
1,281
1,355
1,350
1,557
1,597
1,615
1,773
1,899
2,259
2,611
222.69
10.33%
8.24%
—
399.21
Dividend per sh$
531.76
609.56
628.88
672.16
680.14
796.52
963.13
1,145
1,333
1,563
609.87
18.10%
12.56%
—
16.62
Div yield (avg)%
20.28
20.71
20.47
18.30
20.40
18.95
19.49
20.60
19.33
21.49
16.70
19.49
20.34
22
11.99
Payout ratio%
37.17
38.29
35.68
37.76
39.80
41.48
41.06
40.28
40.60
39.26
18.80
40.60
39.53
59
1.330
Shares (diluted)B
1.682
1.820
1.758
2.113
2.449
2.490
2.410
2.713
2.664
2.974
1.321
3.96%
7.46%
39
8.93
Buyback yield%
26.16
23.88
25.87
28.29
28.16
30.55
28.06
27.82
27.45
30.35
15.74
28.06
27.94
37
1.693
D/E ratiox
1.186
1.078
1.082
1.168
1.062
1.171
1.207
1.187
1.251
1.264
0.247
1.207
1.179
36
1,049
Enterprise value$B
449.3
479.6
477.4
522.2
563.4
589.0
562.1
579.4
574.2
492.1
2,192
(2.67%)
1.44%
92
1,510
LT debt$B
4,174
4,160
4,492
4,516
5,055
6,004
7,004
7,671
8,289
9,750
1,132
14.04%
9.48%
61
Revenue
$2.300T
2.00%
1.00×
Cost of revenue
$1.323T
1.91%
0.99×
Operating expenses
$567.3B
2.03%
1.00×
Goodwill & intangibles
17.60%
Spread over hurdle
(16.88%)