2.327
Revenue$B
1.880
2.010
2.146
2.227
2.387
2.527
2.680
2.847
3.055
3.283
2.576
6.58%
6.28%
9
12.76
Revenue growth%
30.88
31.07
29.60
28.69
28.74
31.12
33.82
34.66
36.13
38.88
5.39
34.66
31.09
35
5.14
Gross margin%
12.97
12.86
13.50
15.53
12.53
10.08
10.38
7.79
8.16
7.97
26.09
8.16
11.46
78
5.03
Operating margin%
2.12
2.55
2.32
1.11
1.28
0.40
0.40
2.94
4.45
3.75
5.60
2.94
2.22
48
27.48
Net margin%
27.07
25.55
23.43
24.66
22.53
24.66
27.39
28.88
30.34
28.15
4.19
28.15
26.31
91
35.38
P/E ratio (avg)x
44.22
51.00
54.41
60.94
67.61
67.45
75.49
81.44
79.50
85.66
25.76
79.50
67.53
53
30.95
EV/EBITx
32.34
33.57
30.89
27.64
28.99
30.02
26.82
29.16
32.04
27.90
27.16
29.16
29.59
76
8.18
FCF yield (avg)%
11.32
13.91
11.20
8.46
7.05
7.24
8.98
10.16
10.74
13.01
26.39
10.16
10.45
7
21.92
FCF margin%
26.13
23.61
22.11
20.80
23.70
22.17
22.04
24.37
23.01
21.96
16.28
22.17
22.59
60
0.603
FCF / Net incomex
0.575
0.587
0.622
0.750
0.847
0.950
0.949
0.953
1.132
1.302
0.976
0.953
0.898
20
20.89
ROIC%
26.91
25.32
23.97
26.78
27.71
24.73
25.97
23.56
22.81
24.88
7.35
24.73
25.10
82
23.78
Return on equity%
25.48
24.58
25.43
27.99
26.52
26.20
27.94
26.07
23.24
20.51
5.89
26.07
25.77
19
6.02
Return on assets%
4.37
5.51
5.47
4.91
3.07
0.40
1.41
0.40
1.46
0.40
16.51
0.40
2.27
74
17.65
EPS$
4.13
4.33
4.85
4.78
4.67
5.17
4.87
5.35
6.11
7.13
18.49
8.80%
5.28%
—
21.90
EPS growth%
6.17
5.32
6.93
7.43
9.17
9.18
10.23
11.14
9.41
7.33
26.95
9.41
8.30
33
22.49
Bookvalue per sh$
10.00
10.76
11.29
11.90
11.79
13.48
13.19
13.08
15.38
16.32
7.52
6.72%
5.66%
—
14.29
FCF per share$
17.84
20.65
20.14
21.75
24.71
29.32
35.28
41.97
45.11
45.15
6.65
12.81%
10.67%
—
18.45
Dividend per sh$
25.16
22.30
22.91
20.79
20.72
19.20
17.70
16.60
16.57
17.71
5.52
(3.09%)
(2.51%)
—
27.68
Div yield (avg)%
2.15
2.62
5.56
8.23
8.78
10.50
10.32
10.57
10.69
12.32
29.42
10.57
9.55
5
8.46
Payout ratio%
7.45
9.19
11.26
13.62
11.68
13.11
13.85
16.31
14.48
16.08
17.80
14.48
13.36
77
82.23
Shares (diluted)M
150.5
169.7
179.1
178.6
191.0
207.1
232.4
249.7
300.0
349.4
81.25
12.85%
10.52%
55
19.93
Buyback yield%
23.67
26.01
28.83
31.72
29.42
28.26
30.54
29.33
26.43
26.74
3.21
28.26
28.55
83
0.229
D/E ratiox
1.497
1.454
1.397
1.322
1.467
1.606
1.750
1.630
1.545
1.542
0.831
1.606
1.519
33
0.933
Enterprise value$B
1.803
1.949
1.868
1.833
1.657
1.813
1.634
1.565
1.597
1.516
0.770
(1.76%)
(1.06%)
89
1.220
LT debt$B
0.246
0.255
0.270
0.260
0.275
0.274
0.257
0.287
0.322
0.330
1.130
3.71%
2.33%
41
Revenue
$3.283B
6.28%
1.00×
Cost of revenue
$1.866B
6.14%
0.99×
Operating expenses
$393.7M
6.37%
1.01×
Spread over hurdle
61.50%