2.093
Revenue$B
1.168
1.252
1.351
1.434
1.551
1.670
1.832
1.944
2.048
2.240
2.137
7.63%
7.62%
39
13.67
Revenue growth%
11.65
10.12
12.28
14.92
17.85
15.36
14.04
13.49
15.08
13.05
22.02
14.04
13.77
28
15.58
Gross margin%
31.26
33.89
35.43
35.73
33.94
34.75
36.32
36.00
34.23
33.25
19.90
34.75
34.49
10
9.01
Operating margin%
22.12
20.08
21.52
20.82
19.61
20.51
21.55
21.42
19.94
17.23
20.63
20.51
20.66
52
18.79
Net margin%
27.79
28.66
27.57
25.25
25.28
25.56
26.91
25.33
26.90
29.61
8.03
26.90
26.91
12
27.80
P/E ratio (avg)x
10.74
12.32
13.30
14.53
15.82
15.96
18.31
18.10
18.24
21.99
30.97
18.24
15.89
78
28.21
EV/EBITx
46.81
48.90
49.14
49.74
58.13
67.36
70.84
69.55
77.42
90.03
30.19
70.84
62.75
85
13.85
FCF yield (avg)%
26.32
25.87
25.86
28.58
29.87
29.63
30.57
27.85
28.02
29.51
18.37
29.51
28.30
90
15.61
FCF margin%
28.28
30.40
30.22
33.14
30.62
29.77
29.55
30.92
31.68
34.28
15.31
30.92
30.51
58
0.253
FCF / Net incomex
1.676
1.724
1.878
1.827
2.018
1.861
1.694
1.508
1.530
1.655
1.249
1.655
1.709
88
28.47
ROIC%
19.59
21.17
19.09
19.85
18.67
21.05
23.48
22.22
24.30
22.25
2.18
22.25
21.11
40
3.13
Return on equity%
25.87
26.73
24.48
22.04
23.95
25.41
23.99
26.92
24.63
25.54
24.13
25.41
25.02
35
8.61
Return on assets%
11.26
12.09
13.05
14.15
16.00
14.02
16.79
15.74
17.38
19.99
2.50
16.79
14.95
63
1.25
EPS$
0.60
0.56
0.55
0.48
0.46
0.40
0.39
0.34
0.33
0.31
1.31
(7.73%)
(6.47%)
—
27.99
EPS growth%
12.28
9.48
10.41
11.28
9.55
12.21
10.13
9.32
11.16
13.67
13.45
11.16
10.79
54
4.08
Bookvalue per sh$
1.98
1.88
2.07
2.13
2.30
2.60
2.71
3.01
3.18
3.47
2.34
8.57%
5.48%
—
3.41
FCF per share$
3.58
3.91
4.38
4.94
5.59
5.50
5.97
6.19
6.94
6.84
3.61
4.14%
7.50%
—
4.39
Dividend per sh$
1.88
2.18
2.56
2.91
2.77
2.74
2.89
2.83
3.18
3.70
2.83
5.91%
7.72%
—
8.17
Div yield (avg)%
22.29
24.74
22.61
23.93
23.04
23.45
25.54
27.76
26.97
29.65
19.67
26.97
24.33
89
17.60
Payout ratio%
8.18
8.57
8.66
8.25
9.73
9.93
9.39
7.76
10.72
13.09
2.59
9.93
9.03
67
415.0
Shares (diluted)M
599.0
583.1
601.2
633.7
622.0
595.0
620.5
613.5
574.3
605.1
433.0
(0.55%)
1.06%
94
8.88
Buyback yield%
22.39
20.68
21.86
21.27
21.32
18.37
19.62
19.26
21.33
22.90
7.58
19.62
21.29
59
1.067
D/E ratiox
0.859
0.812
0.895
0.828
0.856
0.960
0.891
0.888
0.847
0.856
0.361
0.888
0.858
66
2.671
Enterprise value$B
0.977
1.032
1.052
1.101
1.282
1.466
1.567
1.865
1.943
2.295
2.880
12.35%
9.82%
94
1.107
LT debt$B
3.112
3.186
3.204
3.030
3.474
3.207
3.225
3.309
3.332
3.853
0.394
2.09%
2.95%
50
Revenue
$2.240B
7.62%
1.00×
Cost of revenue
$1.568B
7.78%
1.01×
Operating expenses
$386.1M
6.93%
0.94×
Cash and investments
15.50%
Spread over hurdle
(2.09%)