2,676
Revenue$B
8,603
8,705
8,998
9,398
9,393
9,828
9,808
10,096
10,318
10,771
2,979
2.77%
2.52%
5
19.84
Revenue growth%
5.46
6.00
7.55
6.80
4.34
5.30
3.08
1.16
3.27
4.51
8.98
3.27
4.90
83
25.69
Gross margin%
5.71
5.34
5.06
4.15
3.14
2.89
5.35
3.31
1.01
1.67
23.57
2.89
3.73
21
14.46
Operating margin%
11.60
11.16
9.18
8.05
10.46
9.18
8.52
9.46
9.56
9.56
13.31
9.46
9.51
45
10.94
Net margin%
4.87
4.34
2.23
2.65
4.05
4.80
4.73
6.68
8.92
8.03
13.16
6.68
4.76
33
29.15
P/E ratio (avg)x
46.52
52.32
50.98
54.25
49.32
51.67
51.60
47.46
49.85
52.79
36.54
51.60
51.29
36
29.43
EV/EBITx
6.382
5.596
4.916
4.251
3.739
3.573
3.181
3.242
3.251
2.931
34.37
3.242
3.656
16
21.50
FCF yield (avg)%
23.09
22.14
19.66
18.64
21.19
22.25
19.60
22.47
21.04
20.95
21.69
21.04
21.12
7
15.36
FCF margin%
7.07
8.93
7.87
8.63
8.69
8.45
7.03
6.73
9.15
6.47
3.48
7.03
8.16
29
1.067
FCF / Net incomex
0.808
0.870
0.982
0.966
1.067
1.052
1.136
1.164
1.189
1.216
0.443
1.164
1.060
88
22.40
ROIC%
17.22
14.45
15.95
18.44
15.95
15.95
15.87
17.65
15.98
13.71
10.33
15.95
15.95
46
18.13
Return on equity%
10.93
11.83
10.22
9.18
12.13
10.76
11.55
12.05
10.57
10.06
10.60
10.76
10.85
83
18.48
Return on assets%
12.78
13.52
14.36
11.96
14.04
11.70
14.46
17.31
17.28
20.27
24.14
17.28
14.20
41
39.34
EPS$
289.12
313.27
332.78
364.34
417.55
440.52
513.02
580.84
655.99
743.98
40.36
12.25%
11.73%
—
27.29
EPS growth%
14.82
13.91
13.01
11.10
11.97
11.07
10.53
9.33
10.79
11.45
28.90
10.79
11.27
42
146.58
Bookvalue per sh$
90.50
87.98
95.82
89.71
87.85
85.07
87.58
92.05
87.69
79.09
88.07
(2.08%)
(0.40%)
—
102.40
FCF per share$
116.26
106.62
98.60
95.51
89.62
78.98
80.34
78.21
73.14
75.95
151.01
(3.26%)
(3.39%)
—
140.84
Dividend per sh$
53.13
61.26
65.77
76.24
91.07
103.08
114.51
121.75
145.99
166.63
39.24
12.84%
12.59%
—
9.71
Div yield (avg)%
2.80
4.22
4.51
2.63
1.08
2.99
5.08
2.34
1.61
1.53
27.77
2.34
2.71
16
11.20
Payout ratio%
4.25
5.82
3.54
0.64
0.40
1.00
0.78
2.74
3.89
3.42
16.02
2.74
3.08
85
25.18
Shares (diluted)B
38.26
40.35
43.68
49.13
56.10
61.19
63.62
70.94
83.13
91.16
24.77
10.20%
10.44%
28
22.99
Buyback yield%
23.58
25.71
28.64
29.83
28.42
27.38
27.77
29.32
29.34
31.76
5.76
29.32
28.53
35
0.217
D/E ratiox
1.046
1.028
1.079
1.153
0.977
0.924
0.921
0.846
0.858
0.778
0.782
0.858
0.950
29
638.2
Enterprise value$B
2,415
2,552
2,705
2,768
2,884
2,964
3,542
3,449
4,076
4,816
5,126
10.80%
8.78%
26
4,076
LT debt$B
5,242
5,426
4,900
4,339
4,805
4,970
4,867
4,643
4,274
4,235
481.9
(2.49%)
(2.07%)
47
Revenue
$10.77T
2.52%
1.00×
Cost of revenue
$5.788T
2.40%
0.99×
Operating expenses
$2.564T
2.63%
1.01×
Cash and investments
17.62%
Spread over hurdle
(1.64%)