2.079
Revenue$B
2.071
2.166
2.244
2.297
2.413
2.510
2.652
2.746
2.818
2.974
2.300
4.27%
4.22%
63
28.21
Revenue growth%
19.87
19.57
20.87
18.79
21.73
22.94
19.95
22.61
24.30
22.40
22.98
22.61
21.30
82
29.27
Gross margin%
5.73
7.05
9.04
11.32
12.11
12.65
11.78
10.91
12.67
15.22
19.75
12.65
11.55
26
29.11
Operating margin%
13.59
15.81
13.56
12.63
11.86
11.42
11.20
8.81
11.34
14.04
23.03
11.34
12.24
93
26.47
Net margin%
22.90
24.89
22.26
20.27
18.17
17.40
14.57
15.42
18.07
19.07
26.37
17.40
18.62
5
26.56
P/E ratio (avg)x
54.06
56.80
58.26
66.92
67.19
74.61
80.76
79.12
89.33
94.95
22.22
80.76
70.90
45
11.47
EV/EBITx
24.53
24.95
24.99
23.46
24.23
22.91
20.18
19.07
19.70
18.88
12.52
19.70
23.19
58
27.03
FCF yield (avg)%
16.20
13.69
12.23
9.55
6.67
3.87
2.19
1.19
0.40
0.40
13.61
1.19
5.27
35
7.23
FCF margin%
12.54
14.84
16.03
14.84
12.29
11.94
14.10
15.23
16.35
17.07
16.17
15.23
14.84
39
0.358
FCF / Net incomex
1.578
1.579
1.654
1.697
1.834
1.822
1.876
2.026
2.309
2.445
0.680
2.026
1.828
59
14.15
ROIC%
26.77
26.90
28.84
28.97
27.98
27.29
27.29
26.02
26.37
28.44
21.11
27.29
27.29
34
18.35
Return on equity%
23.30
21.79
19.76
20.58
18.89
21.58
19.97
22.93
22.35
20.45
8.91
21.58
21.08
81
4.16
Return on assets%
23.00
20.77
20.80
21.81
23.92
21.74
19.16
19.20
21.60
21.10
20.11
21.10
21.35
35
1.83
EPS$
8.58
9.18
9.96
9.22
10.21
11.35
12.18
12.54
11.94
10.78
1.94
1.08%
2.51%
—
29.26
EPS growth%
4.26
3.15
0.87
0.40
0.40
1.14
0.97
3.61
3.31
3.59
5.13
3.31
2.14
50
7.14
Bookvalue per sh$
6.24
5.33
4.74
5.05
4.81
4.97
5.11
5.21
4.49
4.14
5.99
(2.97%)
(3.97%)
—
3.15
FCF per share$
16.89
19.06
20.66
22.32
24.43
27.62
27.39
29.63
30.96
32.61
8.81
5.94%
7.63%
—
11.30
Dividend per sh$
14.26
15.88
16.93
15.65
17.17
18.57
18.63
18.21
18.05
15.93
5.34
(1.49%)
1.95%
—
25.30
Div yield (avg)%
5.42
5.70
8.19
6.12
5.03
7.32
7.61
8.14
10.69
12.77
13.70
8.14
7.47
68
19.98
Payout ratio%
20.06
17.40
20.30
19.02
17.92
17.85
17.85
16.50
17.04
19.89
12.42
17.85
17.89
24
101.2
Shares (diluted)M
181.0
186.2
211.7
252.8
281.4
334.7
386.9
448.3
490.6
500.9
99.84
12.22%
12.42%
77
27.21
Buyback yield%
2.89
1.89
3.21
4.06
1.57
1.44
0.40
1.96
4.17
3.86
15.35
1.96
2.43
79
1.624
D/E ratiox
1.436
1.394
1.532
1.589
1.741
1.823
2.089
2.409
2.317
2.153
0.322
2.153
1.782
62
2.105
Enterprise value$B
1.744
1.746
1.951
1.807
1.779
1.937
1.902
2.163
2.005
2.275
2.358
5.05%
2.61%
37
0.660
LT debt$B
2.670
2.441
2.412
2.653
2.654
2.979
3.090
3.134
2.849
3.068
1.977
2.94%
0.46%
36
Revenue
$2.974B
4.22%
1.00×
Cost of revenue
$1.237B
4.40%
1.02×
Operating expenses
$699.8M
3.69%
0.95×
Cash and investments
16.70%
Property and equipment
16.65%
Spread over hurdle
28.78%