1,189
Revenue$B
6,553
6,991
7,469
7,926
8,379
8,891
9,248
9,860
10,463
11,108
1,293
5.80%
6.08%
80
6.91
Revenue growth%
13.87
15.42
18.31
17.85
20.43
22.18
21.67
21.80
21.82
22.45
25.24
21.82
21.05
9
29.30
Gross margin%
2.13
0.69
0.71
1.19
2.17
2.87
0.40
0.40
0.98
2.32
29.51
0.98
1.08
57
2.92
Operating margin%
8.71
7.91
10.42
8.22
8.94
11.07
13.07
14.97
12.94
11.10
15.93
12.94
10.74
67
19.88
Net margin%
16.37
18.41
20.89
18.07
20.42
21.29
19.87
22.54
24.99
25.74
19.19
22.54
20.66
82
21.63
P/E ratio (avg)x
24.98
29.73
29.46
29.86
30.65
33.98
34.40
36.78
39.76
39.80
8.965
36.78
32.32
24
37.88
EV/EBITx
23.78
26.07
26.76
30.28
29.13
28.92
27.22
29.62
31.76
34.80
21.98
29.62
29.02
37
29.73
FCF yield (avg)%
19.19
21.02
18.09
20.89
22.59
25.47
26.67
23.77
24.46
23.89
26.28
24.46
23.18
92
2.67
FCF margin%
5.53
7.75
5.85
5.49
4.76
5.47
5.05
2.76
1.29
0.48
7.10
2.76
5.26
11
0.826
FCF / Net incomex
0.148
0.152
0.153
0.180
0.174
0.198
0.213
0.211
0.234
0.260
0.329
0.213
0.189
74
9.54
ROIC%
2.92
4.80
5.16
4.27
3.83
4.82
2.28
5.12
8.05
7.34
24.94
5.12
4.81
60
20.28
Return on equity%
14.56
11.81
12.85
10.37
9.24
10.27
12.94
10.07
10.49
11.38
23.35
10.49
10.94
13
6.24
Return on assets%
29.10
31.87
34.72
32.53
29.74
27.05
29.28
26.39
26.25
27.46
4.98
27.05
29.19
43
13.20
EPS$
18.08
18.54
20.69
19.24
19.16
19.41
19.22
18.35
20.45
20.79
14.28
1.65%
1.63%
—
21.64
EPS growth%
13.11
15.12
15.63
15.45
16.03
14.93
13.98
15.88
15.20
18.12
19.13
15.20
15.33
41
45.38
Bookvalue per sh$
49.54
50.75
61.17
68.05
67.90
78.47
84.57
92.29
96.15
95.63
29.91
7.09%
8.53%
—
42.50
FCF per share$
73.08
87.82
99.98
113.47
130.89
132.54
136.81
134.14
141.93
171.74
11.09
5.58%
9.49%
—
44.24
Dividend per sh$
19.64
23.13
22.79
27.77
32.06
38.62
44.93
53.16
62.44
63.18
11.86
14.54%
13.10%
—
17.36
Div yield (avg)%
18.06
20.02
20.41
21.60
23.46
25.27
24.67
25.68
23.43
22.57
14.81
24.67
23.00
83
11.48
Payout ratio%
10.97
9.00
11.44
8.92
10.24
12.64
15.45
16.46
16.12
15.57
19.40
15.57
12.04
86
144.1
Shares (diluted)B
168.7
192.5
185.7
184.0
192.6
200.3
197.5
206.4
218.0
240.4
139.7
4.54%
3.65%
91
25.43
Buyback yield%
12.54
11.58
11.92
13.93
13.63
11.48
11.63
10.41
12.85
12.80
22.50
11.63
12.23
28
1.126
D/E ratiox
0.585
0.541
0.472
0.484
0.465
0.515
0.509
0.465
0.462
0.430
1.685
0.465
0.478
90
3,067
Enterprise value$B
4,552
4,634
5,091
4,976
4,934
4,595
5,081
5,613
5,384
5,135
6,761
0.80%
1.84%
7
5,086
LT debt$B
7,962
9,465
10,721
11,290
11,738
13,755
15,820
17,054
17,707
17,071
1,790
7.78%
9.24%
19
Revenue
$11.11T
6.08%
1.00×
Cost of revenue
$7.381T
6.32%
1.02×
Operating expenses
$1.183T
5.49%
0.95×
Goodwill & intangibles
18.20%
Cash and investments
17.01%
Spread over hurdle
12.02%