3.942
Revenue$B
2.634
2.844
3.078
3.275
3.456
3.777
4.054
4.287
4.614
4.996
4.387
7.65%
7.43%
91
29.65
Revenue growth%
20.25
21.70
20.15
18.33
18.96
16.13
13.63
10.69
10.72
9.75
4.14
10.72
17.23
64
29.60
Gross margin%
18.85
16.29
14.27
15.99
18.95
20.16
22.52
23.00
26.00
28.90
10.83
23.00
19.55
82
16.98
Operating margin%
10.44
8.73
9.00
7.63
9.05
7.02
5.48
5.24
7.22
7.80
10.88
7.02
7.71
28
2.05
Net margin%
5.67
6.98
6.99
7.20
7.45
5.10
3.82
5.43
7.53
6.87
22.68
5.43
6.93
77
22.38
P/E ratio (avg)x
10.85
11.87
11.73
12.09
13.07
13.35
13.55
12.30
11.22
12.09
13.10
12.30
12.09
70
34.01
EV/EBITx
22.96
23.85
25.15
24.46
25.93
29.73
32.09
33.53
40.39
43.59
30.25
33.53
27.83
88
16.01
FCF yield (avg)%
23.30
24.75
26.94
28.96
30.94
33.20
33.47
36.07
34.91
37.75
25.72
34.91
32.07
63
20.34
FCF margin%
32.88
34.90
37.32
37.41
39.40
40.86
40.86
42.70
45.51
45.44
17.25
42.70
40.13
58
0.801
FCF / Net incomex
1.195
1.104
1.025
1.019
0.915
0.922
0.799
0.730
0.640
0.565
1.794
0.730
0.919
73
14.90
ROIC%
16.38
14.61
15.54
15.39
16.39
14.53
11.77
11.47
10.54
9.54
7.49
11.47
14.57
11
10.19
Return on equity%
8.13
6.22
6.60
4.66
2.08
4.90
4.99
4.83
7.70
9.43
4.72
4.99
5.60
40
20.75
Return on assets%
27.52
25.86
25.10
23.11
24.38
23.74
24.10
24.80
23.22
21.36
9.30
23.74
24.24
43
29.31
EPS$
71.34
74.66
79.17
90.05
89.02
100.40
113.35
117.38
118.17
115.07
30.72
5.27%
5.75%
—
5.00
EPS growth%
25.98
26.92
29.11
26.28
24.90
23.11
24.39
22.64
20.99
22.08
24.65
22.64
24.65
94
76.28
Bookvalue per sh$
16.85
17.57
17.61
17.97
17.77
18.36
20.71
22.11
20.09
19.01
42.31
1.37%
1.87%
—
72.19
FCF per share$
78.10
85.14
91.89
108.49
113.11
110.51
113.09
124.50
147.73
175.90
60.20
9.23%
9.80%
—
12.37
Dividend per sh$
74.06
70.13
64.40
60.94
59.40
60.76
54.89
53.03
51.49
52.60
75.92
(2.40%)
(2.80%)
—
14.59
Div yield (avg)%
15.00
12.15
11.72
9.18
9.87
10.30
11.75
13.91
12.74
14.67
13.77
12.74
11.95
57
24.93
Payout ratio%
5.28
5.36
3.57
2.59
2.58
5.25
2.67
4.31
1.43
4.42
22.83
4.31
3.94
27
43.67
Shares (diluted)M
40.82
36.12
32.16
34.70
31.32
31.05
33.57
29.75
31.02
33.90
44.03
1.59%
(2.44%)
56
18.00
Buyback yield%
22.39
19.77
19.14
20.70
22.46
20.73
22.58
23.41
24.56
24.27
2.53
23.41
22.42
53
0.851
D/E ratiox
1.622
1.561
1.581
1.418
1.282
1.296
1.269
1.121
1.131
0.977
0.443
1.131
1.289
90
0.341
Enterprise value$B
1.955
2.059
2.386
2.634
3.125
3.323
3.274
3.406
3.725
4.375
4.250
6.97%
9.24%
14
1.938
LT debt$B
5.605
5.264
5.799
5.846
5.759
5.931
6.259
6.415
6.134
6.804
4.004
3.39%
2.78%
48
Revenue
$4.996B
7.43%
1.00×
Cost of revenue
$3.497B
7.43%
1.00×
Operating expenses
$992.8M
7.29%
0.99×
Cash and investments
16.29%
Goodwill & intangibles
15.54%
Spread over hurdle
(1.39%)