3.887
Revenue$B
2.288
2.494
2.665
2.883
3.064
3.234
3.530
3.712
4.079
4.307
3.976
7.05%
7.35%
55
7.77
Revenue growth%
18.54
20.44
18.64
19.89
17.50
15.27
16.79
19.65
19.26
20.82
11.41
19.26
18.95
45
10.28
Gross margin%
23.63
23.36
20.88
19.88
19.84
19.66
21.33
20.78
23.58
21.12
23.22
21.12
21.00
23
4.76
Operating margin%
28.14
27.02
25.92
28.28
28.04
26.27
26.18
23.68
23.43
24.69
20.78
24.69
26.23
52
3.87
Net margin%
9.97
7.26
4.49
3.32
0.90
0.95
1.64
0.40
0.40
0.40
2.43
0.40
1.29
51
12.21
P/E ratio (avg)x
19.39
20.58
23.55
26.34
28.54
33.37
32.86
39.10
40.93
42.80
37.94
39.10
30.70
69
25.61
EV/EBITx
18.00
20.78
24.40
28.60
31.27
31.33
29.71
32.43
36.05
39.28
14.37
32.43
30.49
92
8.02
FCF yield (avg)%
24.33
26.64
23.68
20.87
22.04
20.99
19.61
18.53
15.71
18.59
5.59
18.59
20.93
77
25.12
FCF margin%
27.63
25.82
26.60
26.50
28.44
25.51
27.79
30.57
28.57
29.80
18.65
28.57
27.71
60
1.418
FCF / Net incomex
0.950
1.117
1.146
1.168
1.220
1.215
1.387
1.582
1.694
1.808
0.234
1.582
1.217
52
10.63
ROIC%
27.04
29.67
29.21
28.87
27.05
26.23
27.78
30.30
31.95
32.17
8.59
30.30
29.04
23
2.66
Return on equity%
35.26
35.28
34.88
36.84
37.74
38.38
38.87
36.47
38.27
36.31
20.41
38.27
36.66
58
8.79
Return on assets%
8.40
11.06
9.54
12.52
11.42
11.70
12.04
11.00
13.87
13.58
7.88
12.04
11.56
36
2.50
EPS$
2.44
2.74
3.05
3.35
3.57
3.97
3.97
4.05
4.00
4.34
2.72
3.98%
7.07%
—
24.20
EPS growth%
22.85
20.15
21.74
20.25
19.59
17.02
17.24
19.60
19.66
20.89
24.50
19.60
19.91
76
2.51
Bookvalue per sh$
3.96
4.18
4.81
5.45
5.85
5.52
5.83
6.37
6.03
6.23
3.78
1.29%
4.51%
—
3.52
FCF per share$
3.72
3.88
4.13
3.78
3.46
3.12
3.02
2.73
2.49
2.71
4.69
(4.78%)
(2.31%)
—
2.18
Dividend per sh$
2.07
1.82
1.68
1.59
1.74
1.84
1.78
1.91
1.76
1.76
2.70
0.29%
(1.72%)
—
26.19
Div yield (avg)%
22.68
20.97
22.55
24.89
23.94
22.25
22.39
25.30
23.09
24.66
6.07
23.09
22.88
77
9.29
Payout ratio%
15.61
13.20
15.13
12.17
12.02
14.96
15.32
17.98
19.18
18.15
17.73
17.98
15.23
56
259.3
Shares (diluted)M
240.7
228.1
235.7
236.6
243.2
220.6
230.8
214.6
204.3
196.0
270.2
(4.22%)
(2.98%)
73
18.94
Buyback yield%
26.14
27.84
24.97
22.07
24.02
24.52
25.67
27.55
29.87
31.68
16.72
27.55
25.91
59
1.363
D/E ratiox
1.726
1.851
1.929
1.994
2.007
2.327
2.317
2.385
2.711
2.947
0.278
2.385
2.162
13
1.507
Enterprise value$B
1.576
1.536
1.605
1.562
1.442
1.585
1.517
1.634
1.435
1.371
0.326
(1.00%)
(1.09%)
72
1.285
LT debt$B
5.077
5.463
6.387
7.401
7.660
7.494
7.647
8.597
8.339
8.166
1.230
1.29%
6.24%
63
Revenue
$4.307B
7.35%
1.00×
Cost of revenue
$2.398B
7.52%
1.02×
Operating expenses
$488.4M
6.93%
0.96×
Cash and investments
16.75%
Spread over hurdle
61.20%