2.633
Revenue$B
2.940
3.044
3.207
3.374
3.589
3.734
3.847
4.094
4.229
4.456
2.945
4.42%
4.93%
36
28.91
Revenue growth%
31.55
33.03
30.14
30.03
28.46
31.13
29.08
27.88
28.96
29.90
19.18
29.08
29.96
68
2.92
Gross margin%
1.24
0.40
0.40
0.40
1.12
0.40
0.40
0.73
0.40
2.93
14.10
0.40
0.40
82
16.31
Operating margin%
24.57
27.33
28.36
30.99
30.50
28.97
31.06
31.33
34.18
36.50
23.76
31.33
30.74
17
17.47
Net margin%
34.87
35.00
36.77
39.54
41.76
39.02
40.27
42.41
44.71
45.55
23.52
42.41
39.90
29
26.04
P/E ratio (avg)x
33.78
31.38
31.22
33.39
36.11
36.60
38.56
42.18
39.36
40.23
22.01
39.36
36.36
70
35.27
EV/EBITx
14.22
13.79
13.34
14.98
14.58
13.43
14.47
13.71
14.26
16.08
37.16
14.26
14.24
34
22.21
FCF yield (avg)%
11.36
13.82
12.72
11.33
8.70
11.09
10.73
10.51
9.22
11.00
6.19
10.73
11.05
80
4.83
FCF margin%
23.92
22.91
22.76
23.47
21.48
24.46
25.62
27.03
29.58
29.59
9.87
27.03
24.19
16
0.724
FCF / Net incomex
1.294
1.259
1.310
1.335
1.399
1.633
1.800
2.112
2.458
2.783
1.351
2.112
1.516
27
26.51
ROIC%
8.89
10.42
8.68
7.44
10.13
7.96
7.43
7.36
8.28
10.75
27.00
7.96
8.48
18
13.36
Return on equity%
15.45
16.89
17.45
15.53
15.92
15.63
18.32
18.82
21.35
23.74
27.32
18.82
17.17
22
6.25
Return on assets%
25.20
25.18
22.92
20.40
19.87
18.03
18.54
16.70
15.54
14.17
27.28
16.70
19.21
82
16.39
EPS$
6.73
7.15
6.95
7.75
8.56
8.60
9.40
9.73
11.06
12.13
17.40
7.22%
5.88%
—
4.22
EPS growth%
26.05
26.13
29.02
26.18
25.21
24.01
26.56
28.77
31.32
30.08
25.75
28.77
26.37
38
15.08
Bookvalue per sh$
17.13
17.00
16.76
16.77
17.04
19.42
20.98
22.16
25.43
28.21
18.39
10.61%
6.54%
—
9.52
FCF per share$
11.83
10.65
10.58
9.28
8.18
8.30
8.59
8.27
7.11
6.03
15.28
(5.94%)
(7.12%)
—
11.13
Dividend per sh$
32.51
34.36
37.70
41.59
47.50
56.10
55.14
64.25
63.35
69.57
4.55
7.93%
9.37%
—
23.36
Div yield (avg)%
3.14
4.02
2.86
5.04
6.04
4.02
3.66
5.60
5.04
5.20
9.99
5.04
4.53
18
13.45
Payout ratio%
10.66
11.35
11.39
14.34
13.68
10.90
7.97
5.34
3.58
3.23
11.79
5.34
10.78
31
131.2
Shares (diluted)M
101.4
108.6
115.8
107.3
113.1
95.26
84.25
81.99
69.22
65.07
126.7
(10.47%)
(4.92%)
10
19.66
Buyback yield%
8.05
8.38
5.72
3.40
6.28
8.42
8.25
8.75
8.73
8.12
6.44
8.42
8.18
74
1.076
D/E ratiox
0.958
1.098
1.105
1.193
1.196
1.163
1.220
1.260
1.438
1.530
1.176
1.260
1.194
69
3.928
Enterprise value$B
3.450
3.851
4.209
3.958
4.494
5.134
5.431
5.977
6.541
7.456
5.472
10.65%
8.22%
23
2.331
LT debt$B
3.062
3.479
3.884
3.957
4.060
3.940
3.640
4.003
3.716
3.638
1.652
(2.17%)
3.13%
88
Revenue
$4.456B
4.93%
1.00×
Cost of revenue
$2.873B
4.79%
0.99×
Operating expenses
$596.6M
6.55%
1.17×
Cash and investments
17.27%
Property and equipment
16.78%
Spread over hurdle
(0.66%)