2.764
Revenue$B
1.750
1.855
1.961
2.060
2.174
2.281
2.446
2.529
2.680
2.803
3.077
5.22%
5.36%
73
26.25
Revenue growth%
28.11
30.53
29.85
29.34
29.89
28.36
27.37
25.18
26.00
24.61
2.13
26.00
28.23
71
22.91
Gross margin%
4.80
3.07
5.79
4.94
3.78
5.26
2.76
5.66
7.97
5.28
7.92
5.28
5.10
89
19.06
Operating margin%
6.49
5.66
7.54
7.64
6.57
6.62
5.08
7.26
5.56
2.68
4.13
5.56
6.53
36
6.48
Net margin%
9.91
11.28
9.79
12.61
10.87
10.36
8.11
8.42
11.01
8.06
16.64
8.42
10.14
24
28.92
P/E ratio (avg)x
8.801
9.140
10.19
11.20
12.82
13.31
13.32
14.41
14.69
15.47
10.89
14.41
13.06
26
13.37
EV/EBITx
10.66
12.17
13.02
14.33
16.11
15.84
18.03
20.68
21.57
23.72
15.13
20.68
15.97
69
17.88
FCF yield (avg)%
5.38
6.88
4.96
6.05
7.35
8.88
7.86
5.70
7.44
9.85
6.39
7.86
7.11
72
17.10
FCF margin%
29.08
26.21
25.30
27.58
25.74
24.98
23.43
25.77
26.28
27.82
23.74
25.77
25.99
89
1.141
FCF / Net incomex
2.452
2.329
2.575
2.537
2.698
3.098
3.307
3.182
3.723
3.620
1.576
3.307
2.898
38
15.09
ROIC%
4.16
6.15
6.50
5.21
5.84
5.03
7.07
7.61
7.08
5.77
21.11
7.07
6.00
41
3.09
Return on equity%
23.65
25.02
24.28
27.13
27.49
29.29
26.99
28.94
31.59
32.06
24.03
29.29
27.31
27
11.32
Return on assets%
12.12
14.20
14.05
12.02
10.75
10.50
13.31
13.66
16.53
16.37
21.81
13.66
13.48
94
2.08
EPS$
2.59
2.78
3.32
3.98
3.96
4.53
4.97
5.31
6.12
6.90
2.15
11.77%
10.00%
—
10.13
EPS growth%
14.71
12.37
13.14
14.18
13.55
15.39
16.99
17.88
15.05
14.04
28.91
15.39
14.45
24
1.73
Bookvalue per sh$
5.60
5.83
6.03
6.58
7.05
7.92
8.10
9.29
10.95
12.67
1.17
12.43%
8.50%
—
1.40
FCF per share$
0.75
0.74
0.76
0.72
0.78
0.73
0.76
0.84
0.88
0.87
3.49
2.23%
0.79%
—
1.03
Dividend per sh$
3.66
4.00
4.53
4.44
4.34
4.68
4.60
5.15
5.97
5.87
2.60
6.21%
5.75%
—
4.32
Div yield (avg)%
11.38
12.55
11.61
14.22
12.66
11.70
10.00
10.35
8.86
7.49
10.78
10.00
11.50
84
2.48
Payout ratio%
27.92
27.58
29.45
31.96
29.71
27.77
26.35
24.68
23.30
21.16
27.53
24.68
27.68
83
388.7
Shares (diluted)M
547.3
556.8
553.0
591.9
662.0
602.9
662.0
601.0
601.9
628.3
400.0
(1.04%)
1.77%
35
18.79
Buyback yield%
25.27
23.63
24.37
24.24
25.85
28.36
29.06
30.62
31.41
30.44
21.37
30.44
27.11
41
1.682
D/E ratiox
0.307
0.320
0.337
0.355
0.373
0.348
0.314
0.281
0.289
0.282
1.791
0.289
0.317
12
1.157
Enterprise value$B
1.942
2.315
2.493
2.770
3.105
3.053
3.504
3.448
4.053
4.808
1.408
9.14%
10.83%
53
2.910
LT debt$B
3.056
2.820
2.566
2.340
2.581
2.787
2.715
2.472
2.712
3.084
1.637
3.62%
1.09%
37
Revenue
$2.803B
5.36%
1.00×
Cost of revenue
$1.846B
5.23%
0.99×
Operating expenses
$705.6M
5.68%
1.03×
Property and equipment
13.80%
Cash and investments
13.75%
Spread over hurdle
(9.12%)