0.410
Revenue$B
1.396
1.491
1.619
1.787
1.949
2.068
2.253
2.472
2.647
2.806
0.441
7.57%
8.24%
53
13.27
Revenue growth%
7.12
9.98
10.06
11.95
13.72
11.83
13.27
16.18
18.81
21.16
19.89
16.18
12.61
83
13.15
Gross margin%
19.97
18.69
17.57
18.91
18.30
15.95
15.74
14.96
16.55
17.47
23.26
15.95
17.52
51
29.58
Operating margin%
0.40
1.05
0.40
0.40
0.40
2.10
4.00
5.54
4.48
4.66
4.61
4.48
1.57
76
7.74
Net margin%
23.32
25.72
22.73
23.36
24.68
25.29
26.47
27.11
24.42
23.79
26.93
25.29
24.55
65
24.08
P/E ratio (avg)x
43.58
48.21
54.05
60.29
66.11
73.51
70.70
72.11
75.81
85.03
29.68
73.51
68.41
13
25.83
EV/EBITx
14.98
17.29
16.46
15.59
15.86
15.60
18.00
20.48
23.35
25.30
17.65
20.48
16.87
25
11.93
FCF yield (avg)%
24.56
23.75
24.69
25.76
23.60
22.59
21.35
19.50
22.14
24.03
22.06
22.14
23.68
43
5.81
FCF margin%
25.27
25.83
27.23
26.83
26.46
23.86
22.35
24.22
23.09
22.86
19.60
23.09
24.74
10
1.763
FCF / Net incomex
0.276
0.284
0.313
0.332
0.360
0.424
0.423
0.411
0.395
0.426
1.547
0.423
0.377
15
15.66
ROIC%
18.71
19.40
19.31
17.45
16.68
15.42
15.80
17.30
15.48
16.53
9.43
15.80
16.99
66
29.34
Return on equity%
24.69
24.06
25.98
25.08
26.04
23.43
25.47
26.46
26.31
26.21
16.95
26.21
25.72
39
2.39
Return on assets%
6.07
8.28
7.13
6.25
4.41
3.45
1.09
1.77
1.98
2.50
27.24
1.98
3.93
44
7.22
EPS$
43.02
50.84
55.05
64.40
63.34
68.37
72.01
81.07
81.79
86.78
7.46
6.50%
8.59%
—
17.10
EPS growth%
0.40
0.40
0.40
0.40
2.98
3.31
5.02
5.98
5.43
6.07
15.47
5.43
3.14
57
6.64
Bookvalue per sh$
11.75
10.84
10.42
11.44
10.79
11.67
11.11
12.43
11.74
10.87
13.35
0.16%
0.11%
—
5.45
FCF per share$
6.74
6.80
6.11
6.27
7.00
6.35
6.40
6.43
6.27
6.29
20.65
(2.10%)
(0.25%)
—
25.27
Dividend per sh$
14.04
12.76
11.06
11.41
10.33
10.42
9.08
8.41
9.10
8.98
14.40
(2.76%)
(5.68%)
—
15.19
Div yield (avg)%
1.12
0.40
0.40
2.32
2.04
0.50
1.74
1.04
0.40
2.19
4.22
1.04
1.08
52
29.99
Payout ratio%
18.92
20.05
18.17
18.52
19.20
21.41
21.12
18.91
21.76
24.45
4.22
21.41
19.62
23
44.53
Shares (diluted)M
41.35
40.35
40.08
42.09
45.71
39.13
39.97
42.47
40.69
40.72
45.04
(2.28%)
(0.19%)
12
26.06
Buyback yield%
28.36
28.53
28.58
28.59
29.40
28.03
29.37
29.36
30.84
32.62
13.11
29.37
28.98
8
0.991
D/E ratiox
1.321
1.348
1.460
1.644
1.795
1.873
1.933
1.840
1.709
1.766
0.909
1.840
1.738
21
2.452
Enterprise value$B
2.021
2.150
2.107
2.421
2.536
2.957
3.134
3.631
4.212
3.916
1.215
9.07%
6.55%
76
2.930
LT debt$B
1.994
1.963
2.184
2.113
2.042
1.907
1.862
1.901
1.825
1.966
0.196
(0.76%)
(0.94%)
88
Revenue
$2.806B
8.24%
1.00×
Cost of revenue
$1.901B
8.22%
1.00×
Operating expenses
$431.9M
7.74%
0.95×
Cash and investments
17.94%
Property and equipment
15.67%
Spread over hurdle
(3.69%)