2.017
Revenue$B
2.475
2.554
2.672
2.718
2.797
2.898
2.916
2.996
2.990
2.998
2.201
1.39%
2.24%
15
8.92
Revenue growth%
4.79
6.28
3.83
5.31
8.09
5.24
6.92
7.60
6.22
7.14
2.72
6.92
6.25
91
6.84
Gross margin%
6.23
7.08
7.49
5.57
6.18
7.52
6.54
7.34
4.94
7.88
27.53
7.34
6.81
56
28.21
Operating margin%
29.15
26.48
27.65
29.98
31.86
29.87
29.08
27.10
25.80
28.27
3.50
28.27
28.68
60
8.58
Net margin%
24.15
21.94
23.99
22.71
24.85
22.20
19.92
18.61
17.49
18.86
18.41
18.86
22.07
23
7.414
P/E ratio (avg)x
9.052
9.180
8.821
9.398
9.642
10.20
10.33
10.89
11.30
12.44
11.61
10.89
9.922
75
18.55
EV/EBITx
9.502
9.827
9.490
10.54
12.51
14.10
14.86
14.54
15.66
15.71
21.36
14.86
13.30
85
10.40
FCF yield (avg)%
20.28
21.82
23.64
26.45
23.47
23.59
23.64
22.49
23.40
20.66
12.95
23.40
23.44
63
11.61
FCF margin%
27.66
25.91
25.99
25.20
26.91
28.08
28.45
29.60
27.95
26.54
24.69
28.08
27.28
29
1.791
FCF / Net incomex
0.468
0.477
0.458
0.480
0.483
0.461
0.526
0.537
0.512
0.595
0.783
0.526
0.482
57
20.72
ROIC%
11.61
14.44
13.62
16.42
17.54
19.60
20.90
21.79
21.71
21.06
6.62
21.06
18.57
53
11.40
Return on equity%
26.30
25.66
27.90
30.85
29.43
26.89
25.34
23.51
24.17
26.86
28.55
25.34
26.58
61
21.38
Return on assets%
23.29
25.46
26.13
28.60
30.17
27.32
25.25
25.68
27.29
24.78
12.66
25.68
25.91
81
33.59
EPS$
88.05
95.54
105.13
112.41
132.44
151.47
177.96
210.48
234.61
230.06
35.11
11.68%
10.06%
—
20.14
EPS growth%
3.26
4.15
4.20
2.08
4.12
4.18
3.67
5.61
5.98
3.26
7.75
4.18
4.13
91
28.80
Bookvalue per sh$
134.35
158.73
153.43
178.80
198.91
236.99
251.51
280.97
325.71
320.84
28.48
10.03%
10.39%
—
74.81
FCF per share$
86.00
90.13
92.99
87.25
81.64
76.63
75.50
82.34
83.72
81.72
76.02
0.02%
0.43%
—
45.78
Dividend per sh$
53.81
55.44
60.49
63.51
70.81
77.16
90.93
104.69
103.46
111.48
77.87
9.50%
9.26%
—
28.54
Div yield (avg)%
16.17
14.63
17.16
17.25
18.80
18.39
21.33
18.89
18.32
18.46
19.87
18.46
18.35
59
26.62
Payout ratio%
18.70
15.93
16.19
16.65
18.79
16.34
14.28
14.87
16.72
18.36
21.40
16.34
16.50
78
20.79
Shares (diluted)M
27.09
28.58
26.94
24.27
26.49
23.14
20.30
21.84
21.90
23.96
21.99
(1.98%)
(1.31%)
47
17.82
Buyback yield%
11.19
11.41
11.97
12.51
12.91
15.30
15.91
17.55
19.82
20.89
18.36
17.55
14.11
85
1.160
D/E ratiox
2.308
2.696
3.037
3.681
3.698
4.465
5.327
6.295
6.991
7.161
1.139
6.295
4.081
12
2,447
Enterprise value$M
886.5
783.8
769.7
780.3
681.1
664.0
704.9
609.1
547.2
558.3
175.9
(3.90%)
(4.78%)
42
2.424
LT debt$B
3.848
4.575
5.137
5.409
6.508
7.226
7.550
8.395
9.393
9.411
0.319
7.65%
9.15%
59
Revenue
$2.998B
2.24%
1.00×
Cost of revenue
$1.972B
2.20%
1.00×
Operating expenses
$505.0M
1.79%
0.96×
Spread over hurdle
(1.65%)