26.60
Revenue$B
59.20
62.91
67.15
71.81
78.38
86.08
91.77
97.04
105.0
111.9
27.39
7.39%
7.40%
50
12.69
Revenue growth%
23.29
23.13
20.68
20.59
19.77
20.97
18.33
20.43
17.94
16.10
19.29
18.33
20.51
83
10.53
Gross margin%
0.40
0.40
0.40
0.40
2.90
0.40
1.38
3.18
5.55
5.77
17.47
3.18
0.89
37
13.41
Operating margin%
30.26
28.61
27.01
29.87
32.08
34.41
32.78
35.43
32.66
33.19
8.26
33.19
32.37
8
8.23
Net margin%
11.01
13.50
14.49
14.39
11.98
14.65
14.60
12.43
14.47
14.59
26.26
14.59
14.43
44
18.11
P/E ratio (avg)x
20.52
20.50
23.32
26.81
26.17
25.45
30.37
32.52
37.06
44.65
7.382
32.52
26.49
15
10.72
EV/EBITx
34.85
33.54
31.22
33.51
37.16
35.77
39.18
42.20
40.60
44.93
15.32
40.60
36.47
31
22.52
FCF yield (avg)%
8.45
8.50
7.47
9.80
10.80
13.64
10.86
13.11
16.07
14.31
10.40
13.64
10.83
7
16.82
FCF margin%
18.23
19.81
22.60
22.69
19.82
17.06
17.66
15.17
16.38
13.85
27.86
16.38
17.95
68
1.761
FCF / Net incomex
0.235
0.263
0.308
0.342
0.356
0.390
0.431
0.412
0.473
0.452
0.104
0.431
0.373
62
29.01
ROIC%
18.16
20.63
22.82
25.16
23.08
22.97
25.78
25.80
25.03
27.21
4.35
25.78
24.05
52
27.04
Return on equity%
5.51
7.12
6.04
8.05
6.47
5.36
2.66
4.11
4.81
3.05
13.95
4.11
5.44
52
24.01
Return on assets%
28.51
26.62
29.45
31.72
29.72
29.28
26.44
24.98
26.03
24.21
25.49
26.03
27.56
25
18.41
EPS$
140.91
158.10
183.21
178.89
181.26
213.70
238.36
262.07
261.31
287.60
20.40
9.67%
8.90%
—
6.71
EPS growth%
22.70
23.21
21.54
21.66
21.67
23.97
23.69
25.57
25.17
22.25
27.08
23.97
22.95
23
46.53
Bookvalue per sh$
117.77
139.51
142.09
146.78
165.50
185.14
190.60
190.72
194.86
219.79
120.88
5.84%
8.22%
—
40.15
FCF per share$
33.43
32.88
35.37
34.63
36.79
36.17
36.54
36.40
40.52
39.64
93.13
1.50%
3.34%
—
27.95
Dividend per sh$
120.07
120.05
136.26
156.19
150.96
172.40
160.31
162.19
156.01
152.42
62.47
0.19%
3.66%
—
4.92
Div yield (avg)%
15.88
16.30
13.87
15.00
16.45
14.96
12.95
13.63
11.11
12.22
10.12
12.95
14.42
66
5.77
Payout ratio%
21.26
21.45
19.83
18.72
18.97
19.55
17.64
16.33
18.86
19.45
10.94
18.86
19.21
40
735.1
Shares (diluted)M
757.2
840.3
801.7
841.4
872.7
822.2
896.1
840.9
888.9
920.4
733.5
1.07%
1.84%
58
19.57
Buyback yield%
6.76
6.55
7.61
4.82
6.42
5.10
2.39
1.85
2.00
0.40
17.22
2.00
4.96
84
1.258
D/E ratiox
1.814
1.880
1.889
1.912
2.270
2.550
2.878
2.826
3.236
3.550
1.513
2.878
2.410
75
84.39
Enterprise value$B
50.91
52.94
52.26
45.55
44.63
40.57
39.30
42.14
38.85
41.48
12.41
(1.45%)
(2.31%)
67
49.30
LT debt$B
102.2
115.1
114.4
128.5
148.4
169.9
188.4
195.8
195.9
207.5
35.42
6.93%
7.91%
83
Revenue
$111.9B
7.40%
1.00×
Cost of revenue
$78.36B
7.40%
1.00×
Operating expenses
$23.33B
8.20%
1.08×
Cash and investments
15.96%
Spread over hurdle
(18.11%)