2.919
Revenue$B
2.105
2.314
2.480
2.679
2.905
3.129
3.396
3.629
3.973
4.371
3.113
8.52%
8.41%
18
20.36
Revenue growth%
8.96
11.59
11.92
14.88
17.12
17.22
16.36
13.60
13.39
11.55
2.65
13.60
13.49
37
16.82
Gross margin%
6.03
5.11
6.00
4.00
6.15
7.15
6.42
5.61
3.80
2.67
22.86
5.61
5.80
66
13.37
Operating margin%
23.70
22.90
24.27
21.55
23.69
24.70
21.91
20.90
18.01
17.14
18.30
20.90
22.41
70
12.56
Net margin%
10.37
12.05
14.43
16.38
17.03
18.53
21.18
22.52
21.72
21.62
3.33
21.62
17.78
52
7.422
P/E ratio (avg)x
19.95
20.58
18.87
20.82
22.06
24.36
24.94
26.23
28.08
26.07
15.50
26.07
23.21
21
11.46
EV/EBITx
65.98
78.70
87.85
91.83
109.4
114.3
122.0
127.6
145.7
158.9
7.321
127.6
111.9
18
14.67
FCF yield (avg)%
18.18
18.20
16.42
18.64
21.43
22.40
20.26
18.21
18.82
19.11
6.52
19.11
18.73
88
20.34
FCF margin%
27.60
28.00
27.30
25.15
27.23
26.34
27.12
27.15
25.24
23.18
24.08
26.34
27.13
7
1.130
FCF / Net incomex
2.264
2.632
3.038
3.327
3.844
4.321
4.862
5.050
5.437
5.846
1.401
5.050
4.083
23
21.00
ROIC%
13.68
15.96
15.31
14.29
15.34
16.16
13.96
12.62
13.71
14.08
6.93
13.96
14.18
55
26.85
Return on equity%
13.94
16.02
14.76
13.93
16.25
17.33
19.74
17.27
20.00
18.10
3.00
18.10
16.76
37
15.52
Return on assets%
18.64
20.79
22.16
23.81
23.90
26.03
26.38
25.78
28.64
27.55
25.93
26.38
24.84
80
3.97
EPS$
3.72
3.88
3.81
4.37
4.64
5.28
5.01
5.49
5.71
5.95
4.26
5.10%
4.92%
—
24.07
EPS growth%
27.90
30.13
30.57
29.62
27.46
29.06
28.71
27.93
25.81
24.26
10.81
27.93
28.32
72
1.10
Bookvalue per sh$
2.26
2.03
2.23
2.24
2.03
2.23
2.18
2.32
2.19
2.02
3.08
(0.12%)
(1.83%)
—
2.72
FCF per share$
1.83
2.10
2.03
2.16
2.13
2.16
2.47
2.58
2.48
2.58
1.09
3.95%
3.72%
—
3.32
Dividend per sh$
6.10
7.42
9.04
10.57
11.35
11.63
11.55
12.22
14.55
14.52
0.62
5.05%
10.08%
—
7.17
Div yield (avg)%
20.61
22.92
21.21
22.72
21.31
20.57
18.06
15.52
17.67
16.11
11.14
17.67
20.59
25
4.68
Payout ratio%
5.72
5.24
5.53
2.61
4.65
3.25
2.05
0.40
0.40
0.40
9.78
0.40
2.93
73
530.4
Shares (diluted)M
616.5
659.0
612.2
633.6
613.5
654.9
695.0
726.0
651.0
653.9
552.2
1.28%
1.14%
60
8.16
Buyback yield%
11.41
9.94
9.67
11.58
13.52
15.83
14.47
14.01
17.00
18.17
21.98
15.83
13.76
85
0.683
D/E ratiox
0.963
0.951
0.856
0.882
0.882
0.890
0.801
0.780
0.683
0.717
1.564
0.780
0.869
6
1.986
Enterprise value$B
1.196
1.172
1.243
1.501
1.516
1.570
1.586
1.627
1.852
1.887
1.382
4.48%
5.74%
23
225.2
LT debt$M
765.6
754.8
739.7
690.4
701.6
680.6
615.0
551.0
534.0
571.9
406.0
(4.01%)
(2.75%)
8
Revenue
$4.371B
8.41%
1.00×
Cost of revenue
$2.533B
8.47%
1.01×
Operating expenses
$607.1M
8.14%
0.98×
Cash and investments
20.24%
Spread over hurdle
11.47%