3.322
Revenue$B
2.757
2.927
3.162
3.471
3.805
4.024
4.378
4.766
5.186
5.461
3.399
7.49%
8.10%
25
6.51
Revenue growth%
28.06
28.30
28.36
31.09
32.97
30.67
31.04
32.62
34.97
35.13
7.70
32.62
31.06
48
29.49
Gross margin%
34.60
36.29
34.62
34.89
33.20
34.08
33.50
32.20
29.26
31.63
27.95
32.20
33.79
22
25.44
Operating margin%
29.25
27.83
26.09
23.51
24.52
27.35
26.08
25.97
24.12
21.82
4.84
25.97
26.03
66
11.73
Net margin%
17.15
19.71
18.59
21.07
18.70
17.25
17.12
16.23
13.55
13.50
27.81
16.23
17.20
72
9.175
P/E ratio (avg)x
23.46
26.20
27.63
29.02
31.71
37.91
41.89
44.53
52.91
52.32
27.67
44.53
34.81
57
7.062
EV/EBITx
19.66
20.50
21.23
19.15
17.98
18.94
17.76
15.44
16.55
17.55
33.28
17.55
18.46
16
26.17
FCF yield (avg)%
6.54
7.98
10.41
11.39
10.87
8.75
8.47
7.23
7.99
7.17
9.72
7.99
8.23
39
18.00
FCF margin%
10.27
9.12
7.63
7.86
8.57
10.66
10.50
8.33
8.71
10.06
25.52
10.06
8.91
35
1.183
FCF / Net incomex
0.232
0.230
0.214
0.230
0.242
0.226
0.222
0.245
0.274
0.308
1.035
0.245
0.231
12
22.49
ROIC%
12.53
10.61
10.86
9.02
8.65
8.95
11.79
10.60
10.18
12.13
25.53
10.60
10.60
18
12.13
Return on equity%
21.90
19.90
20.91
20.36
20.05
18.95
20.24
21.24
18.31
16.89
9.46
18.95
20.14
76
10.63
Return on assets%
26.40
25.14
22.80
21.54
23.17
20.77
19.93
18.06
18.98
18.73
12.12
18.98
21.15
93
25.02
EPS$
47.28
50.90
52.37
57.75
66.13
60.30
60.91
69.67
71.85
81.19
26.42
4.19%
6.18%
—
10.22
EPS growth%
13.42
12.24
9.89
8.23
8.07
6.60
9.44
9.84
8.85
6.30
16.96
8.85
9.14
15
28.84
Bookvalue per sh$
21.65
24.63
29.01
32.86
37.15
38.75
39.43
45.68
51.46
60.81
14.56
10.36%
10.35%
—
38.38
FCF per share$
41.25
36.33
34.19
37.16
40.07
41.12
41.28
43.52
44.12
48.14
12.35
3.74%
1.87%
—
6.91
Dividend per sh$
36.40
38.63
39.55
36.90
37.66
40.15
36.35
32.13
33.61
37.47
30.25
(0.10%)
1.29%
—
5.98
Div yield (avg)%
11.90
11.72
11.86
10.39
12.89
10.34
10.18
7.97
7.71
7.51
20.23
7.97
10.36
88
8.35
Payout ratio%
6.21
7.77
10.42
8.54
9.75
12.25
14.46
16.39
15.71
12.82
25.01
14.46
11.34
12
144.0
Shares (diluted)M
156.9
177.5
203.2
233.6
249.4
262.8
278.0
300.5
320.5
304.4
141.9
4.07%
6.75%
48
2.11
Buyback yield%
13.00
11.47
13.85
16.61
14.11
13.86
15.64
18.14
18.02
16.59
13.52
16.59
14.87
80
1.549
D/E ratiox
1.566
1.677
1.696
1.962
1.956
2.120
2.410
2.420
2.536
2.822
1.274
2.420
2.041
44
4.095
Enterprise value$B
6.547
6.451
6.345
6.872
7.357
7.609
7.368
7.598
7.216
7.865
1.089
1.34%
1.89%
76
4.544
LT debt$B
3.794
3.347
3.264
3.515
3.165
2.753
2.818
2.550
2.719
2.688
1.632
(3.21%)
(4.71%)
73
Revenue
$5.461B
8.10%
1.00×
Cost of revenue
$2.977B
8.21%
1.01×
Operating expenses
$1.149B
7.90%
0.98×
Property and equipment
16.60%
Spread over hurdle
23.13%