1.722
Revenue$B
1.042
1.110
1.184
1.312
1.448
1.585
1.742
1.859
2.008
2.215
1.848
8.87%
8.65%
37
11.74
Revenue growth%
12.22
11.44
13.60
11.35
11.93
10.98
11.57
9.72
10.01
8.40
3.16
10.01
11.39
84
7.25
Gross margin%
21.21
18.81
16.92
16.38
14.13
14.51
17.48
16.65
17.12
17.60
13.58
17.12
17.02
34
23.79
Operating margin%
24.04
21.41
22.06
21.79
23.38
23.21
21.62
23.92
22.28
19.40
25.17
22.28
22.17
26
15.12
Net margin%
13.76
15.85
18.10
16.18
13.27
10.44
7.60
7.96
9.95
9.96
15.29
9.95
11.86
19
19.75
P/E ratio (avg)x
11.96
11.96
12.73
12.64
11.71
11.05
9.780
8.540
7.989
7.254
30.05
8.540
11.38
60
28.79
EV/EBITx
32.90
36.41
39.34
40.70
39.59
42.97
49.30
46.46
49.89
55.39
11.91
49.30
41.84
88
14.27
FCF yield (avg)%
0.40
2.30
2.65
1.17
1.19
1.19
2.61
3.54
3.16
3.87
25.42
3.16
2.45
42
27.24
FCF margin%
18.84
19.09
18.86
18.69
20.52
20.77
21.61
20.14
19.90
17.90
7.82
20.14
19.50
67
0.775
FCF / Net incomex
1.288
1.148
1.103
1.046
0.994
0.937
1.012
0.940
0.942
0.986
1.329
0.942
1.003
79
16.57
ROIC%
26.21
24.91
25.37
24.69
24.92
25.15
26.00
25.85
24.66
23.02
19.67
25.15
25.03
7
7.24
Return on equity%
5.33
4.64
5.70
6.82
8.77
7.07
9.04
7.96
10.85
12.75
15.06
9.04
7.51
28
22.03
Return on assets%
17.13
19.47
19.21
19.26
18.10
19.84
18.32
16.51
18.72
16.26
14.55
18.32
18.52
51
5.61
EPS$
11.65
13.46
13.74
13.25
13.52
12.53
12.71
14.57
15.74
14.79
5.92
1.81%
3.87%
—
2.78
EPS growth%
25.43
26.79
29.09
30.71
32.41
29.79
29.77
29.57
31.98
33.04
4.38
29.79
29.78
6
6.24
Bookvalue per sh$
11.25
9.90
9.83
10.51
9.11
7.92
7.00
6.80
7.08
7.37
10.43
(4.15%)
(3.54%)
—
2.25
FCF per share$
7.70
8.15
9.07
8.61
9.33
8.77
9.45
9.82
9.04
9.33
2.76
—
1.39%
—
9.62
Dividend per sh$
9.34
8.36
7.70
7.51
6.62
7.13
7.22
6.81
7.27
7.00
5.75
1.14%
(2.30%)
—
2.78
Div yield (avg)%
19.30
19.94
21.00
23.94
24.54
22.07
19.45
20.07
18.76
19.35
27.73
19.45
20.00
74
23.05
Payout ratio%
12.41
13.74
13.60
14.77
12.12
9.86
12.21
11.00
10.59
10.93
4.83
10.93
12.17
55
96.77
Shares (diluted)M
119.2
115.4
116.9
120.0
126.6
137.6
137.5
130.0
134.5
144.8
94.36
2.73%
3.34%
68
17.65
Buyback yield%
25.08
25.05
23.18
22.05
19.77
19.99
21.60
24.09
25.61
23.53
24.36
23.53
23.36
41
0.635
D/E ratiox
0.245
0.230
0.242
0.220
0.223
0.246
0.231
0.252
0.252
0.266
0.608
0.252
0.244
9
0.860
Enterprise value$B
1.562
1.510
1.487
1.575
1.727
1.557
1.708
1.536
1.518
1.490
0.600
(2.90%)
0.10%
89
1.668
LT debt$B
0.719
0.694
0.827
0.905
0.878
1.013
1.037
1.207
1.288
1.331
0.589
8.68%
7.25%
22
Revenue
$2.215B
8.65%
1.00×
Cost of revenue
$1.438B
8.59%
0.99×
Operating expenses
$558.8M
9.35%
1.07×
Cash and investments
17.10%
Goodwill & intangibles
16.65%
Spread over hurdle
(5.48%)