2.990
Revenue$B
3.183
3.480
3.783
4.009
4.362
4.742
5.039
5.388
5.933
6.442
3.297
8.11%
8.33%
44
2.73
Revenue growth%
4.96
3.57
3.47
5.37
8.25
9.21
6.38
8.86
10.53
9.68
23.62
9.21
7.32
56
27.44
Gross margin%
18.94
19.04
18.19
18.09
16.34
16.81
18.71
17.64
19.06
19.50
14.95
18.71
18.45
65
29.37
Operating margin%
29.69
27.90
25.51
28.47
25.80
25.64
25.73
24.52
23.75
22.21
4.70
24.52
25.68
15
11.35
Net margin%
22.00
23.74
21.51
23.32
24.73
27.27
29.44
27.01
26.66
23.96
22.92
27.01
24.35
20
35.23
P/E ratio (avg)x
42.06
43.11
45.90
47.44
46.11
44.25
40.90
46.11
45.26
49.83
18.53
45.26
45.58
80
9.591
EV/EBITx
16.35
14.31
12.94
12.02
12.10
11.36
10.97
10.37
10.60
11.18
33.32
10.97
11.69
72
7.99
FCF yield (avg)%
0.40
0.40
3.14
0.40
0.43
1.03
1.76
2.33
3.35
3.74
8.53
2.33
1.39
5
27.57
FCF margin%
22.55
21.08
18.69
19.22
20.37
21.37
22.78
25.08
27.28
29.39
28.59
25.08
21.96
61
0.661
FCF / Net incomex
1.454
1.321
1.209
1.315
1.380
1.292
1.383
1.465
1.581
1.810
0.566
1.465
1.382
66
7.85
ROIC%
12.13
11.20
10.66
9.75
7.94
6.21
7.37
8.33
5.52
4.30
17.01
6.21
8.13
93
7.42
Return on equity%
15.04
16.47
18.58
18.59
19.40
18.48
16.93
17.07
18.49
15.62
15.12
17.07
17.77
41
13.54
Return on assets%
16.80
17.08
16.17
14.44
14.91
16.56
16.16
15.63
18.27
18.70
3.58
16.56
16.37
28
7.82
EPS$
9.27
9.93
10.13
10.19
11.31
13.12
13.33
14.98
17.31
19.49
8.42
11.49%
7.74%
—
14.80
EPS growth%
31.62
33.06
30.60
28.54
30.92
29.33
26.84
24.33
21.81
18.90
16.09
24.33
28.94
49
20.80
Bookvalue per sh$
7.11
8.06
8.87
8.72
9.99
11.90
11.84
14.03
14.99
15.50
7.63
9.18%
8.71%
—
18.65
FCF per share$
11.22
13.02
13.05
15.22
16.02
15.62
16.14
18.64
20.21
23.52
20.90
7.98%
9.13%
—
4.19
Dividend per sh$
28.98
27.35
31.52
31.22
35.97
36.48
38.79
43.91
46.64
45.83
13.88
4.96%
5.91%
—
27.42
Div yield (avg)%
10.29
7.81
7.52
8.08
7.60
7.53
6.06
6.81
7.00
7.57
5.37
7.00
7.55
59
6.24
Payout ratio%
30.76
32.68
32.67
33.33
31.14
28.65
30.29
30.32
31.77
29.83
9.31
30.29
30.95
18
110.2
Shares (diluted)M
117.3
128.1
121.4
124.1
118.5
132.7
144.1
128.9
118.2
127.3
112.9
1.46%
1.59%
86
29.52
Buyback yield%
24.96
23.93
26.50
28.46
27.62
30.08
29.60
32.07
30.18
28.83
6.43
30.08
28.64
70
0.174
D/E ratiox
1.915
1.948
2.312
2.481
2.804
2.968
3.167
3.201
3.335
3.440
1.726
3.201
2.886
58
3.785
Enterprise value$B
3.968
4.344
4.829
5.436
4.967
4.531
4.818
4.929
5.046
5.073
3.794
0.42%
2.28%
74
6,353
LT debt$M
673.3
671.2
651.1
579.4
584.7
539.8
529.5
509.6
518.6
535.6
791.4
(1.74%)
(2.35%)
59
Revenue
$6.442B
8.33%
1.00×
Cost of revenue
$3.957B
8.15%
0.98×
Operating expenses
$807.3M
7.96%
0.97×
Spread over hurdle
36.62%