2.670
Revenue$B
4.794
4.945
5.237
5.477
5.815
6.213
6.540
6.958
7.291
7.746
2.821
5.90%
5.65%
68
23.21
Revenue growth%
27.15
25.57
24.33
25.93
28.08
29.04
27.61
28.58
29.58
30.94
18.63
29.04
27.84
62
17.14
Gross margin%
26.97
25.71
27.17
29.61
26.98
25.93
26.15
25.41
25.04
25.30
29.89
25.41
26.04
94
15.32
Operating margin%
27.63
29.34
27.96
29.92
31.31
31.78
29.58
28.97
30.58
29.46
9.69
29.58
29.52
41
10.98
Net margin%
30.10
30.01
27.04
27.89
28.35
29.75
31.43
29.24
31.67
30.56
4.49
30.56
29.88
85
20.36
P/E ratio (avg)x
21.46
21.07
20.57
19.90
22.08
22.58
22.22
22.74
24.51
25.05
16.11
22.74
22.15
57
31.98
EV/EBITx
26.57
30.42
33.89
32.95
34.02
36.17
35.45
37.21
43.90
49.69
11.77
37.21
34.73
18
24.67
FCF yield (avg)%
5.10
4.83
3.10
3.62
5.72
7.01
7.36
4.72
4.71
7.51
12.10
7.01
4.96
61
3.95
FCF margin%
27.24
24.73
25.68
25.41
26.53
26.39
24.88
25.31
25.19
24.25
14.56
25.19
25.36
43
1.597
FCF / Net incomex
1.879
1.963
2.220
2.284
2.509
2.390
2.770
2.918
3.447
3.557
0.274
2.918
2.450
6
8.35
ROIC%
10.06
8.18
9.96
11.07
10.25
11.23
9.73
10.95
11.17
9.69
15.77
10.95
10.15
82
24.05
Return on equity%
21.89
23.75
25.55
23.90
25.22
23.19
24.97
22.11
23.18
24.45
8.55
23.19
23.83
34
18.15
Return on assets%
6.43
8.64
6.81
9.73
9.44
7.76
6.61
9.26
9.71
9.46
28.49
9.26
8.95
91
5.69
EPS$
5.74
5.91
5.77
6.17
5.77
6.14
5.88
6.57
7.10
6.85
6.09
3.50%
3.05%
—
22.04
EPS growth%
32.32
29.79
30.84
31.13
30.78
28.60
28.57
27.94
27.00
26.05
29.37
27.94
29.20
50
16.39
Bookvalue per sh$
21.82
23.37
22.17
25.79
28.88
30.92
32.30
34.22
36.23
37.46
10.33
5.33%
6.07%
—
12.55
FCF per share$
20.00
21.24
24.06
24.27
27.52
29.74
32.63
36.19
42.64
45.00
11.09
10.34%
9.84%
—
6.54
Dividend per sh$
12.75
12.83
12.26
12.61
13.38
14.27
16.78
18.55
17.91
17.79
15.98
5.87%
3.65%
—
12.43
Div yield (avg)%
11.79
11.70
13.52
11.33
9.24
9.25
8.23
6.01
7.79
7.82
13.92
7.82
9.25
23
20.07
Payout ratio%
17.74
20.03
20.84
19.83
17.55
18.64
18.11
20.21
21.95
20.84
29.96
20.21
19.93
67
227.0
Shares (diluted)M
206.3
192.8
193.6
207.7
205.4
200.4
214.7
210.5
235.3
209.8
219.2
0.42%
1.06%
73
14.43
Buyback yield%
12.99
13.24
16.22
15.71
14.84
13.02
15.89
17.56
19.08
18.37
13.22
17.56
15.80
73
1.242
D/E ratiox
0.506
0.531
0.503
0.540
0.507
0.518
0.551
0.508
0.496
0.526
1.379
0.518
0.513
72
3.608
Enterprise value$B
4.388
4.251
4.309
4.082
4.402
3.993
3.646
3.261
3.016
2.760
0.864
(8.92%)
(4.87%)
33
4.108
LT debt$B
4.333
4.635
4.942
5.415
5.643
6.518
6.560
6.485
6.353
6.338
6.227
2.35%
5.08%
75
Revenue
$7.746B
5.65%
1.00×
Cost of revenue
$5.422B
5.65%
1.00×
Operating expenses
$1.489B
6.15%
1.05×
Property and equipment
15.15%
Spread over hurdle
(4.11%)