1.853
Revenue$B
1.556
1.646
1.794
1.935
2.047
2.227
2.326
2.468
2.681
2.879
1.973
7.06%
6.90%
82
15.18
Revenue growth%
9.08
11.01
8.07
10.61
13.23
13.28
15.27
13.44
11.67
12.88
23.97
13.28
12.28
59
4.71
Gross margin%
6.48
9.24
9.63
11.92
10.49
11.90
14.86
16.40
17.48
18.75
14.40
16.40
11.91
47
4.06
Operating margin%
29.61
28.01
30.43
29.54
31.45
34.07
32.28
34.87
32.09
34.61
29.00
34.07
31.77
64
2.50
Net margin%
9.65
6.84
7.87
10.41
7.95
8.66
9.19
8.68
7.93
5.27
23.49
8.66
8.31
66
16.53
P/E ratio (avg)x
25.84
25.03
24.03
23.49
22.73
22.15
22.97
20.77
19.87
17.85
23.48
20.77
22.85
57
9.277
EV/EBITx
37.41
34.95
36.56
36.48
38.92
44.41
47.84
48.92
45.82
45.06
33.40
45.82
41.66
87
22.70
FCF yield (avg)%
16.33
14.32
14.86
17.01
18.02
18.96
21.56
24.11
22.31
22.12
28.82
22.12
18.49
14
6.39
FCF margin%
18.13
19.09
18.09
19.26
17.28
19.36
19.90
21.62
19.00
17.47
14.27
19.36
19.05
31
0.452
FCF / Net incomex
0.802
0.905
0.984
1.004
1.060
1.271
1.414
1.556
1.570
1.663
0.538
1.556
1.165
52
10.10
ROIC%
22.11
23.79
23.17
25.37
22.73
23.02
23.97
23.70
22.20
25.01
5.91
23.70
23.44
32
11.92
Return on equity%
12.45
12.45
10.20
9.71
8.17
10.79
8.48
8.87
7.03
5.63
28.95
8.48
9.29
24
15.28
Return on assets%
23.57
26.50
24.27
26.90
29.72
30.38
32.98
31.88
30.19
32.16
7.27
31.88
29.95
66
3.83
EPS$
10.01
9.84
9.67
11.17
10.40
11.54
12.76
12.12
13.27
15.00
4.20
7.59%
3.48%
—
4.21
EPS growth%
0.40
1.32
0.40
0.40
2.27
0.54
0.40
2.27
0.58
2.89
15.51
0.58
0.56
35
20.85
Bookvalue per sh$
9.02
9.37
8.74
9.90
9.43
9.62
10.51
10.67
10.72
12.12
17.96
5.14%
3.84%
—
17.64
FCF per share$
11.83
11.27
11.63
10.92
12.26
13.90
13.01
13.99
14.28
14.88
7.34
3.96%
1.44%
—
12.45
Dividend per sh$
20.64
22.49
20.73
19.84
20.59
20.69
21.25
20.51
21.28
18.97
11.21
(1.63%)
0.30%
—
13.72
Div yield (avg)%
17.26
18.10
17.46
19.85
21.25
20.85
21.79
24.08
25.34
25.60
16.36
24.08
21.05
19
20.15
Payout ratio%
31.07
33.57
32.68
30.34
30.41
32.14
29.21
28.60
29.83
27.73
16.31
29.21
30.37
31
65.23
Shares (diluted)M
74.81
83.74
93.23
105.2
107.9
125.3
131.9
147.4
151.2
144.1
65.93
5.95%
7.28%
13
16.86
Buyback yield%
9.30
8.94
10.17
9.58
11.93
13.12
15.13
17.75
16.11
14.61
9.46
15.13
12.53
73
0.203
D/E ratiox
0.778
0.759
0.718
0.735
0.799
0.851
0.902
0.804
0.802
0.834
0.467
0.834
0.801
26
1.761
Enterprise value$B
0.908
1.027
1.151
1.110
1.158
1.253
1.246
1.293
1.311
1.352
2.169
3.15%
4.37%
33
1.047
LT debt$B
1.607
1.762
1.613
1.757
1.827
2.013
1.944
2.018
1.869
1.732
1.278
(1.07%)
(0.01%)
6
Revenue
$2.879B
6.90%
1.00×
Cost of revenue
$1.573B
6.87%
1.00×
Operating expenses
$410.0M
7.08%
1.02×
Cash and investments
16.05%
Spread over hurdle
11.86%