3.140
Revenue$B
1.873
1.948
1.992
2.100
2.176
2.239
2.315
2.410
2.519
2.659
3.281
4.09%
3.96%
23
10.29
Revenue growth%
27.61
24.94
26.34
26.91
25.52
27.05
24.92
27.69
26.09
23.12
25.00
26.09
26.22
84
18.93
Gross margin%
19.73
19.45
19.84
20.27
17.52
16.39
16.00
16.93
16.43
15.50
14.50
16.39
17.23
75
7.67
Operating margin%
9.64
12.30
13.32
14.98
16.58
16.76
16.39
16.68
14.01
16.01
19.11
16.39
15.50
52
24.23
Net margin%
29.16
31.96
31.71
32.35
31.95
30.66
27.83
27.25
28.88
29.92
20.77
28.88
30.29
71
12.43
P/E ratio (avg)x
31.31
28.35
27.91
28.95
24.93
23.52
24.95
21.32
18.57
16.83
23.06
21.32
24.94
85
35.66
EV/EBITx
9.864
10.15
9.589
10.30
9.794
9.583
10.91
11.56
11.84
13.56
9.498
11.56
10.23
45
8.00
FCF yield (avg)%
31.38
28.99
27.61
28.40
26.48
24.19
25.82
25.80
28.25
30.66
22.56
25.82
27.93
27
6.22
FCF margin%
5.03
7.84
5.35
2.58
0.80
1.44
3.13
5.52
8.09
7.98
7.17
5.52
5.19
94
1.134
FCF / Net incomex
0.508
0.537
0.545
0.566
0.564
0.613
0.710
0.751
0.785
0.860
0.754
0.751
0.589
28
16.85
ROIC%
20.01
22.42
20.59
19.35
17.77
18.14
19.04
17.28
14.65
15.15
28.88
17.28
18.59
74
5.04
Return on equity%
12.39
9.48
12.13
12.43
15.19
14.04
14.68
12.61
13.80
13.17
17.01
13.80
12.89
33
2.42
Return on assets%
14.70
16.19
14.72
14.68
14.70
17.38
19.63
21.28
19.48
17.77
10.12
19.48
16.78
26
2.48
EPS$
1.73
1.96
2.34
2.64
2.69
2.82
2.87
2.93
3.07
3.22
2.59
3.62%
7.97%
—
25.27
EPS growth%
26.64
24.17
26.43
26.71
26.53
28.00
25.58
27.95
25.81
23.87
22.94
25.81
26.48
36
3.88
Bookvalue per sh$
2.09
1.95
2.11
1.99
2.15
2.35
2.57
2.89
2.81
3.02
1.83
7.02%
3.31%
—
1.58
FCF per share$
1.16
1.14
1.15
1.09
0.99
0.93
0.86
0.98
0.95
0.91
3.18
(1.62%)
(1.12%)
—
2.60
Dividend per sh$
3.30
3.24
3.10
2.77
2.75
2.60
2.69
2.72
3.03
2.83
2.66
0.58%
(1.18%)
—
29.46
Div yield (avg)%
14.52
12.31
10.11
12.58
10.74
8.08
9.53
8.73
9.42
12.25
23.80
9.42
10.43
72
7.95
Payout ratio%
18.03
20.02
18.98
16.71
15.40
17.50
16.31
15.06
16.29
14.22
17.04
16.29
16.51
11
471.5
Shares (diluted)M
528.0
601.9
685.1
746.4
807.0
735.9
735.4
717.5
716.3
718.6
460.0
(2.29%)
4.18%
89
2.57
Buyback yield%
22.42
24.96
22.49
22.03
21.30
23.51
24.28
26.79
26.31
23.69
6.67
24.28
23.60
34
1.303
D/E ratiox
1.147
1.103
1.269
1.197
1.272
1.433
1.616
1.742
1.777
1.837
1.518
1.742
1.353
14
2.197
Enterprise value$B
3.181
3.177
3.297
3.505
3.215
3.218
2.928
3.141
3.230
3.556
3.032
2.04%
1.22%
80
1.493
LT debt$B
3.037
3.253
3.182
3.549
3.882
3.707
3.946
3.828
4.490
5.054
2.595
5.42%
5.22%
85
Revenue
$2.659B
3.96%
1.00×
Cost of revenue
$1.702B
3.84%
0.99×
Operating expenses
$487.3M
4.27%
1.03×
Cash and investments
17.86%
Spread over hurdle
(1.09%)