2.460
Revenue$B
2.212
2.302
2.356
2.413
2.527
2.704
2.895
2.985
3.057
3.211
2.729
4.91%
4.41%
54
11.60
Revenue growth%
19.59
20.89
18.09
19.68
17.92
15.39
13.25
12.22
11.70
9.86
8.45
12.22
16.66
45
11.03
Gross margin%
8.27
8.26
7.31
7.29
5.31
5.33
3.94
4.92
4.03
4.90
3.08
4.90
5.32
17
6.31
Operating margin%
18.86
19.56
17.72
18.63
21.41
21.91
23.41
21.71
22.31
23.00
21.42
22.31
21.56
6
2.99
Net margin%
16.12
14.09
13.13
15.11
13.05
10.53
12.20
13.07
13.75
12.49
16.15
12.49
13.10
26
33.96
P/E ratio (avg)x
44.37
48.81
53.88
56.90
59.93
66.09
68.56
63.15
60.44
62.72
30.62
63.15
60.18
78
21.43
EV/EBITx
15.91
16.14
16.39
19.07
22.31
22.21
25.15
29.35
28.99
28.83
18.87
28.83
22.26
6
4.52
FCF yield (avg)%
16.04
13.49
11.25
11.20
10.22
7.83
4.88
4.80
3.44
1.54
10.11
4.80
9.02
74
24.43
FCF margin%
27.48
29.69
30.10
27.43
26.64
23.73
22.18
25.14
27.43
27.87
17.65
25.14
27.43
34
1.209
FCF / Net incomex
0.773
0.735
0.752
0.661
0.705
0.740
0.783
0.767
0.820
0.885
1.413
0.783
0.759
28
16.70
ROIC%
25.09
22.28
19.94
19.99
17.11
15.07
17.23
19.27
18.07
18.39
11.41
18.07
18.83
34
26.08
Return on equity%
3.58
1.37
2.60
5.31
4.60
4.13
4.07
4.07
5.24
7.82
28.10
4.13
4.10
9
20.92
Return on assets%
23.66
22.37
24.06
23.93
23.70
20.99
18.71
18.65
15.91
16.98
25.41
18.65
21.68
19
2.67
EPS$
1.34
1.44
1.46
1.52
1.56
1.76
1.95
2.11
2.49
2.64
2.74
11.14%
8.23%
—
24.07
EPS growth%
17.93
15.16
15.98
18.16
19.11
17.47
15.92
15.94
17.69
19.75
25.31
17.47
17.58
22
2.50
Bookvalue per sh$
3.17
3.34
3.57
3.24
2.91
2.60
2.36
2.32
2.26
2.28
2.49
(4.79%)
(3.06%)
—
3.66
FCF per share$
3.97
4.41
4.89
5.62
6.46
7.41
7.79
8.08
9.29
9.54
2.01
8.12%
9.16%
—
0.86
Dividend per sh$
3.92
3.40
3.52
2.98
3.17
3.28
3.38
3.35
3.32
3.53
3.42
2.21%
(0.47%)
—
8.67
Div yield (avg)%
16.18
18.46
21.24
20.05
20.11
22.59
24.81
23.35
20.36
20.51
9.52
22.59
20.44
50
17.83
Payout ratio%
11.37
9.36
6.42
6.25
5.56
2.62
1.08
0.40
0.40
0.40
29.49
0.40
4.09
81
345.3
Shares (diluted)M
377.8
350.4
327.6
356.6
382.1
424.1
440.4
464.8
430.3
443.3
341.5
3.01%
2.42%
28
4.63
Buyback yield%
28.07
26.89
26.00
25.28
26.78
28.82
26.23
27.51
28.08
25.51
29.54
27.51
26.84
72
1.718
D/E ratiox
1.267
1.359
1.580
1.535
1.554
1.691
1.847
2.196
2.518
2.538
0.418
2.196
1.636
29
1.663
Enterprise value$B
1.934
2.333
2.510
2.782
3.048
3.557
3.661
3.804
4.553
5.040
2.732
10.58%
11.93%
76
0.902
LT debt$B
0.715
0.619
0.542
0.492
0.417
0.409
0.354
0.320
0.320
0.326
1.816
(4.84%)
(8.31%)
32
Revenue
$3.211B
4.41%
1.00×
Cost of revenue
$1.650B
4.10%
0.97×
Operating expenses
$482.3M
4.77%
1.03×
Cash and investments
18.71%
Spread over hurdle
18.29%