2.494
Revenue$B
2.807
3.064
3.387
3.711
4.076
4.513
4.872
5.403
5.879
6.396
2.618
9.43%
9.50%
17
27.88
Revenue growth%
19.25
20.59
22.63
24.37
22.13
25.02
24.89
24.83
21.95
21.30
12.27
24.83
22.38
18
15.08
Gross margin%
20.89
23.60
24.36
22.51
25.24
25.29
23.41
23.22
20.95
21.86
2.10
23.22
23.31
89
21.50
Operating margin%
14.55
16.01
17.61
20.31
19.12
17.31
14.67
14.64
12.14
9.95
16.54
14.64
15.34
16
24.27
Net margin%
10.35
10.30
10.46
13.26
12.63
9.99
12.26
11.59
13.12
13.39
2.13
12.26
11.93
62
22.15
P/E ratio (avg)x
34.05
34.91
36.16
41.92
42.43
50.44
51.10
55.93
65.78
76.65
29.39
55.93
46.44
30
37.53
EV/EBITx
33.22
34.42
31.72
29.86
32.43
37.25
41.63
47.33
51.10
58.63
6.170
47.33
35.83
53
9.01
FCF yield (avg)%
21.29
21.00
22.33
21.96
21.68
21.82
24.01
25.62
24.16
22.73
24.15
24.01
22.14
5
26.09
FCF margin%
33.02
32.59
31.16
32.67
29.69
32.15
33.46
30.66
28.55
31.38
2.98
31.38
31.77
63
1.616
FCF / Net incomex
2.524
2.613
2.972
3.608
4.034
4.658
5.648
5.665
6.546
7.065
1.498
5.665
4.346
7
21.18
ROIC%
16.43
18.06
18.35
18.64
16.27
17.64
15.29
15.84
18.15
15.39
29.67
15.84
17.03
32
26.68
Return on equity%
23.78
21.05
23.68
21.88
23.13
24.67
24.70
24.67
24.38
25.18
15.89
24.67
24.08
18
10.92
Return on assets%
10.52
10.12
9.70
7.97
8.36
6.04
4.89
5.47
7.96
9.37
10.66
6.04
8.16
31
5.89
EPS$
34.53
38.64
42.35
43.71
50.74
53.68
57.52
67.25
72.53
68.42
6.14
6.16%
8.31%
—
10.63
EPS growth%
14.79
12.48
12.28
14.53
14.76
12.60
14.82
15.06
16.99
16.02
13.03
15.06
14.77
89
31.10
Bookvalue per sh$
17.96
19.58
19.53
20.95
23.30
25.85
26.75
29.16
28.68
34.14
22.88
7.93%
8.23%
—
13.70
FCF per share$
24.59
22.91
23.79
22.12
19.42
18.73
19.85
17.91
18.78
18.67
15.46
(0.79%)
(4.05%)
—
15.23
Dividend per sh$
30.48
28.10
24.72
23.65
22.16
20.60
21.76
23.58
25.81
24.89
14.06
2.35%
(2.74%)
—
5.45
Div yield (avg)%
28.42
27.36
24.73
21.82
24.67
21.83
18.96
17.61
17.04
14.38
3.51
17.61
21.82
49
3.97
Payout ratio%
4.92
6.74
8.72
7.50
5.74
4.86
7.18
8.32
7.44
7.93
21.53
7.44
7.31
78
135.8
Shares (diluted)M
127.1
128.1
114.1
124.3
108.1
103.8
113.6
102.0
100.5
104.8
133.8
(0.61%)
(1.56%)
88
25.50
Buyback yield%
9.72
10.05
9.35
10.43
12.95
14.35
12.08
11.96
14.56
15.91
8.21
14.35
12.02
9
0.155
D/E ratiox
0.501
0.496
0.480
0.455
0.441
0.506
0.582
0.556
0.615
0.697
0.495
0.582
0.504
53
4.912
Enterprise value$B
14.73
15.45
16.24
16.29
18.99
21.22
24.32
27.93
33.04
39.71
8.466
15.90%
11.72%
57
0.856
LT debt$B
3.884
4.250
3.832
3.689
4.004
4.257
4.803
4.578
4.598
5.061
6.094
4.80%
2.78%
75
Revenue
$6.396B
9.50%
1.00×
Cost of revenue
$4.125B
9.76%
1.02×
Operating expenses
$853.5M
9.18%
0.97×
Cash and investments
17.44%
Spread over hurdle
(0.14%)