1.399
Revenue$B
1.455
1.558
1.672
1.811
1.896
2.002
2.114
2.231
2.406
2.522
1.465
5.87%
6.12%
50
11.68
Revenue growth%
25.78
27.53
26.44
26.20
25.16
24.19
26.78
26.05
23.48
22.78
8.13
24.19
25.92
73
8.38
Gross margin%
4.54
5.53
4.44
2.69
4.99
2.15
3.33
4.96
3.48
4.73
23.16
3.48
4.49
75
29.54
Operating margin%
0.40
0.49
0.40
0.40
1.68
0.40
2.28
3.91
3.72
4.15
25.99
3.72
1.09
47
16.39
Net margin%
25.45
25.04
26.61
23.73
23.61
23.70
25.79
23.35
26.04
26.26
3.27
25.79
25.24
17
21.81
P/E ratio (avg)x
26.62
30.24
29.24
30.74
35.00
36.69
33.47
37.85
38.04
35.58
37.87
36.69
34.23
27
20.75
EV/EBITx
19.26
18.14
16.94
19.26
21.63
20.49
19.93
21.24
19.87
17.99
37.14
19.93
19.57
20
29.91
FCF yield (avg)%
13.16
14.33
16.75
15.87
18.11
19.16
21.75
22.84
25.78
27.31
18.54
22.84
18.63
87
17.00
FCF margin%
5.90
8.74
9.89
9.58
9.32
8.51
7.97
9.69
7.75
9.20
12.27
8.51
8.97
86
0.444
FCF / Net incomex
0.596
0.605
0.673
0.643
0.736
0.793
0.803
0.844
0.971
1.132
1.068
0.844
0.764
87
20.11
ROIC%
30.76
33.66
32.86
32.62
35.18
38.02
38.52
40.19
41.14
41.20
10.85
40.19
36.60
66
19.54
Return on equity%
24.30
23.90
21.12
23.57
24.13
26.13
24.09
22.73
22.22
20.66
20.00
22.73
23.73
70
23.95
Return on assets%
21.82
23.00
23.00
21.13
20.12
20.61
20.21
19.64
20.03
17.64
24.13
20.03
20.41
41
1.97
EPS$
2.60
2.69
2.62
2.73
2.56
2.84
3.09
3.12
3.43
3.69
2.11
7.57%
4.26%
—
4.96
EPS growth%
32.64
33.72
32.34
30.57
32.47
34.71
34.65
32.76
33.53
33.11
3.95
33.53
32.94
34
2.34
Bookvalue per sh$
0.46
0.49
0.52
0.57
0.54
0.59
0.62
0.62
0.66
0.64
1.74
3.59%
3.40%
—
1.36
FCF per share$
2.98
3.34
3.78
4.33
4.22
4.00
4.19
4.41
4.40
5.15
1.06
4.08%
5.84%
—
2.04
Dividend per sh$
1.73
1.91
2.07
1.84
1.93
2.07
1.98
1.84
1.94
2.04
1.82
1.07%
2.87%
—
15.68
Div yield (avg)%
16.55
14.74
16.94
16.43
17.05
18.87
19.90
22.24
22.55
19.87
19.87
19.90
17.96
19
21.61
Payout ratio%
20.89
19.19
21.93
24.08
26.47
29.35
31.48
34.07
31.85
32.69
20.28
31.85
27.91
28
321.3
Shares (diluted)M
388.1
434.6
398.3
429.3
395.1
398.0
448.8
457.5
450.1
500.5
322.3
4.84%
2.81%
46
24.09
Buyback yield%
32.05
29.53
32.13
32.29
30.19
28.23
29.75
27.18
25.84
27.48
10.20
27.48
29.64
42
0.378
D/E ratiox
1.144
1.041
0.901
0.813
0.704
0.717
0.674
0.580
0.573
0.507
0.316
0.580
0.710
66
0.652
Enterprise value$B
1.331
1.170
1.145
1.020
1.003
1.088
0.965
0.858
0.838
0.839
0.282
(3.50%)
(5.28%)
92
0.816
LT debt$B
0.167
0.146
0.134
0.132
0.126
0.118
0.121
0.107
0.093
0.090
2.591
(6.44%)
(5.50%)
43
Revenue
$2.522B
6.12%
1.00×
Cost of revenue
$1.766B
6.12%
1.00×
Operating expenses
$422.1M
5.44%
0.94×
Spread over hurdle
(4.85%)