1.816
Revenue$B
2.225
2.341
2.464
2.533
2.611
2.642
2.786
2.850
2.978
3.043
1.863
3.11%
3.73%
59
28.95
Revenue growth%
23.77
21.59
24.22
25.67
24.00
25.08
23.87
21.64
20.93
20.94
21.61
21.64
23.82
29
2.98
Gross margin%
29.32
27.21
27.96
29.56
30.68
28.68
28.39
28.54
30.04
32.01
24.59
28.68
29.00
30
28.32
Operating margin%
26.16
23.84
25.65
25.59
23.01
22.46
23.50
21.12
20.47
21.64
4.45
21.64
23.26
72
3.01
Net margin%
38.63
35.68
35.44
36.94
37.14
36.44
34.75
34.79
35.06
34.03
7.16
34.79
35.56
10
11.31
P/E ratio (avg)x
27.94
29.40
31.93
32.46
29.84
31.05
30.53
30.39
29.31
26.21
27.35
30.39
30.12
31
12.86
EV/EBITx
37.01
41.96
44.54
43.86
42.90
42.44
39.73
38.91
45.12
48.40
16.12
42.44
42.67
80
15.85
FCF yield (avg)%
22.09
23.20
22.50
21.18
19.04
21.30
21.70
20.96
20.34
22.94
13.55
21.30
21.50
38
8.48
FCF margin%
13.57
11.74
14.60
11.86
11.81
14.59
16.17
16.97
19.90
18.25
17.96
16.97
14.59
41
1.384
FCF / Net incomex
1.328
1.520
1.815
2.007
2.362
2.429
2.825
3.427
3.874
3.884
0.565
3.427
2.396
41
23.97
ROIC%
17.66
19.43
17.95
17.25
17.33
15.95
17.24
16.94
15.09
16.76
7.63
16.76
17.25
61
11.50
Return on equity%
23.61
25.87
24.06
22.31
20.07
18.18
15.31
13.25
16.10
16.15
18.41
16.10
19.13
45
20.32
Return on assets%
7.11
8.84
6.78
6.31
7.56
7.83
10.23
8.86
9.18
10.53
2.72
9.18
8.33
87
2.22
EPS$
3.72
4.41
4.71
4.97
5.57
6.10
6.82
7.70
8.87
10.33
2.43
13.16%
11.37%
—
5.65
EPS growth%
27.10
25.65
28.36
29.46
32.27
32.11
34.68
32.06
32.92
35.35
2.12
32.92
32.08
29
0.96
Bookvalue per sh$
4.02
4.35
4.89
5.27
5.37
5.77
6.78
7.79
8.25
9.16
1.77
11.27%
9.97%
—
1.71
FCF per share$
3.94
4.55
4.55
4.65
4.78
5.25
4.93
5.01
4.83
5.48
1.90
2.78%
4.53%
—
2.82
Dividend per sh$
6.24
7.41
7.84
7.86
9.26
9.52
11.12
12.51
12.93
14.40
2.05
9.24%
9.51%
—
8.96
Div yield (avg)%
12.93
13.04
11.92
12.86
11.19
14.01
14.66
16.12
16.29
15.23
18.93
15.23
13.53
12
10.60
Payout ratio%
14.81
16.92
15.81
16.39
18.92
18.17
17.82
15.81
13.81
13.60
23.04
15.81
16.10
66
627.1
Shares (diluted)M
440.0
470.7
487.6
442.6
412.0
412.6
370.0
399.2
384.9
326.9
636.7
(4.52%)
(2.52%)
52
10.21
Buyback yield%
12.01
11.10
11.04
11.45
12.75
11.90
9.37
11.93
12.60
10.65
6.09
11.90
11.67
35
0.555
D/E ratiox
1.275
1.369
1.456
1.528
1.583
1.541
1.724
1.756
1.745
1.917
0.820
1.745
1.562
59
3.698
Enterprise value$B
3.768
3.329
3.125
3.072
2.986
2.626
2.611
2.605
2.248
2.181
0.242
(6.09%)
(4.80%)
18
0.227
LT debt$B
1.436
1.437
1.452
1.637
1.901
1.915
2.260
2.257
2.508
2.837
1.898
8.33%
7.84%
64
Revenue
$3.043B
3.73%
1.00×
Cost of revenue
$1.630B
3.95%
1.02×
Operating expenses
$519.4M
3.05%
0.94×
Spread over hurdle
(5.70%)