3,433
Revenue$B
2,633
2,776
2,946
3,041
3,157
3,242
3,429
3,588
3,732
3,863
3,602
4.12%
4.13%
73
14.37
Revenue growth%
4.32
4.89
2.19
1.90
0.97
0.40
3.10
4.47
1.77
1.25
21.99
1.77
2.05
28
21.60
Gross margin%
9.93
9.33
10.48
9.90
8.11
10.59
7.66
8.25
10.72
12.03
14.58
10.59
9.91
77
25.32
Operating margin%
14.41
12.15
9.78
8.41
5.98
3.35
2.71
1.40
0.82
0.40
29.60
1.40
4.67
39
4.64
Net margin%
19.96
17.25
17.24
19.60
21.79
20.78
22.94
22.19
20.16
19.98
6.44
20.78
20.07
89
12.40
P/E ratio (avg)x
45.77
43.63
44.22
44.21
50.00
51.49
52.24
49.34
54.61
61.51
37.30
52.24
49.67
60
16.89
EV/EBITx
7.046
7.507
7.200
7.756
6.684
6.058
5.490
5.016
4.840
4.901
30.86
5.016
6.371
91
20.56
FCF yield (avg)%
12.95
13.10
10.81
10.53
12.11
11.87
12.87
13.42
12.28
9.96
23.91
12.28
12.19
75
5.82
FCF margin%
20.57
21.68
23.10
20.52
23.14
24.10
22.48
24.89
25.46
25.08
4.26
24.89
23.12
80
0.461
FCF / Net incomex
1.528
1.742
1.674
1.806
1.870
2.026
2.290
2.261
2.323
2.666
0.198
2.290
1.948
65
29.98
ROIC%
18.77
19.68
21.59
23.40
21.74
22.18
21.59
22.76
21.57
20.01
7.81
21.59
21.59
90
3.82
Return on equity%
15.57
16.36
15.71
16.61
19.37
19.19
18.02
15.07
17.36
18.70
16.04
18.02
16.98
88
2.75
Return on assets%
21.09
23.02
22.25
21.02
20.49
18.87
21.56
20.50
18.20
20.16
12.98
20.16
20.76
55
324.80
EPS$
228.27
236.00
270.28
273.22
322.09
355.87
410.61
472.12
525.10
596.80
341.82
13.13%
9.99%
—
15.51
EPS growth%
26.41
24.09
21.89
22.37
20.94
20.18
21.55
20.73
17.91
17.21
25.53
20.18
21.25
75
228.54
Bookvalue per sh$
274.73
260.57
288.10
316.54
320.44
304.82
290.35
266.74
252.59
269.13
156.08
(3.43%)
0.04%
—
384.28
FCF per share$
521.38
512.10
552.67
673.76
692.60
789.03
846.52
951.23
1,156
1,301
408.67
13.44%
10.40%
—
351.32
Dividend per sh$
378.79
409.39
371.08
357.26
333.04
306.62
272.76
234.06
233.56
252.70
198.42
(5.37%)
(4.33%)
—
24.86
Div yield (avg)%
12.68
13.01
13.06
15.43
14.11
16.42
18.00
16.23
14.45
16.73
13.76
16.42
14.94
54
7.78
Payout ratio%
26.95
29.38
30.13
31.44
29.41
26.98
25.00
25.97
24.74
22.05
19.07
25.00
26.97
16
2.617
Shares (diluted)B
2.952
3.010
3.363
3.335
3.181
3.613
3.298
3.697
3.805
3.751
2.680
3.35%
3.20%
14
4.53
Buyback yield%
14.80
12.70
12.80
14.28
17.26
20.01
19.68
20.51
20.06
18.35
2.37
20.01
17.81
68
0.380
D/E ratiox
0.272
0.255
0.259
0.261
0.249
0.223
0.245
0.241
0.254
0.238
0.523
0.241
0.251
24
1,766
Enterprise value$B
771.9
811.7
918.6
976.4
1,107
1,125
1,102
1,102
1,309
1,522
3,073
6.57%
7.80%
75
2,719
LT debt$B
889.5
862.0
980.1
919.3
1,044
1,157
1,051
1,131
1,256
1,223
1,034
3.21%
3.54%
83
Revenue
$3.863T
4.13%
1.00×
Cost of revenue
$2.704T
4.13%
1.00×
Operating expenses
$767.4B
4.49%
1.04×
Spread over hurdle
(17.07%)