Broadcom Inc. (AVGO)

Category: Company Returns Sector: Technology Industry: Semiconductors Live Price: $351.71

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	TTM	TTM-1	2025-11-02	2024-11-03	2023-10-29	2022-10-30	2021-10-31	2020-11-01	2019-11-03	2018-11-04	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31	2011-10-31	2010-10-31	2009-10-31	2008-10-31	2007-10-31	2006-10-31
Net Income	14,368M	12,267M	7,923M	5,502M	4,128M	23,126M	5,895M	23,126M	5,895M	14,082M	11,495M	6,736M	2,960M	2,724M	12,259M	1,692M	-1,739M	1,364M	263M	552M	563M	552M	415M	-44M	83M	-159M	-251M
Revenue	50,427M	42,387M	31,014M	21,897M	16,839M	63,887M	51,574M	63,887M	51,574M	35,819M	33,203M	27,450M	23,888M	22,597M	20,848M	17,636M	13,240M	6,824M	4,269M	2,520M	2,364M	2,336M	2,093M	1,484M	1,699M	1,527M	1,513M
Return on Revenue	28.98%	29.22%	22.58%	21.42%	15.80%	36.20%	11.43%	36.20%	11.43%	39.31%	34.62%	24.54%	12.39%	12.05%	58.80%	9.59%	-13.13%	19.99%	6.16%	21.90%	23.82%	23.63%	19.83%	-2.96%	4.89%	-10.41%	-16.59%
Cost of Revenue	16,929M	14,500M	11,953M	8,595M	6,715M	20,593M	19,065M	20,593M	19,065M	11,129M	11,108M	10,606M	10,372M	10,114M	10,115M	9,127M	7,300M	3,271M	2,392M	1,322M	1,222M	1,189M	1,127M	924M	1,044M	1,165M	1,124M
Return on Cost of Revenue	89.92%	87.35%	60.81%	53.01%	39.96%	112.30%	30.92%	112.30%	30.92%	126.53%	103.48%	63.51%	28.54%	26.93%	121.20%	18.54%	-23.82%	41.70%	10.99%	41.75%	46.07%	46.43%	36.82%	-4.76%	7.95%	-13.65%	-22.33%
Gross Profit	33,498M	27,886M	19,061M	13,302M	10,123M	43,294M	32,509M	43,294M	32,509M	24,690M	22,095M	16,844M	13,516M	12,483M	10,733M	8,509M	5,940M	3,553M	1,877M	1,198M	1,142M	1,147M	966M	560M	655M	362M	389M
Return on Gross Profit	42.86%	44.12%	36.91%	37.67%	25.22%	53.42%	18.13%	53.42%	18.13%	57.04%	52.03%	39.99%	21.90%	21.82%	114.22%	19.88%	-29.28%	38.39%	14.01%	46.08%	49.30%	48.13%	42.96%	-7.86%	12.67%	-43.92%	-64.52%
R&D Expenses	8,513M	7,063M	5,471M	3,834M	2,935M	10,977M	9,310M	10,977M	9,310M	5,253M	4,919M	4,854M	4,968M	4,696M	3,768M	3,292M	2,674M	1,049M	695M	398M	335M	317M	280M	245M	265M	205M	209M
Return on R&D Expenses	180.69%	182.91%	134.38%	132.84%	97.83%	210.68%	63.32%	210.68%	63.32%	268.08%	233.69%	138.77%	59.58%	58.01%	325.35%	51.40%	-65.03%	130.03%	37.84%	138.69%	168.06%	174.13%	148.21%	-17.96%	31.32%	-77.56%	-120.10%
SG&A Expenses	3,587M	2,698M	1,979M	1,421M	1,117M	4,211M	4,959M	4,211M	4,959M	1,592M	1,382M	1,347M	1,935M	1,709M	1,056M	789M	806M	486M	407M	222M	199M	220M	196M	169M	196M	193M	270M
Return on SG&A Expenses	517.53%	576.89%	435.64%	365.61%	276.84%	549.18%	118.87%	549.18%	118.87%	884.55%	831.77%	500.07%	152.97%	159.39%	1,160.89%	214.45%	-215.76%	280.66%	64.62%	248.65%	282.91%	250.91%	211.73%	-26.04%	42.35%	-82.38%	-92.96%
Operating Expenses	15,113M	12,295M	9,810M	6,882M	5,284M	17,810M	19,046M	17,810M	19,046M	8,483M	7,813M	8,325M	9,502M	9,039M	5,598M	6,138M	6,349M	1,921M	1,439M	646M	555M	559M	497M	512M	495M	467M	479M
Return on Operating Expenses	108.93%	110.97%	83.53%	80.68%	60.77%	129.85%	30.95%	129.85%	30.95%	166.00%	147.13%	80.91%	31.15%	30.14%	218.99%	27.57%	-27.39%	71.00%	18.28%	85.45%	101.44%	98.75%	83.50%	-8.59%	16.77%	-34.05%	-52.40%
Operating Income (EBIT)	18,385M	15,580M	9,245M	6,416M	4,836M	25,484M	13,463M	25,484M	13,463M	16,207M	14,225M	8,519M	4,014M	3,444M	5,135M	2,371M	-409M	1,632M	438M	552M	582M	584M	470M	48M	160M	-105M	-90M
Return on Operating Income (EBIT)	73.81%	76.26%	126.94%	113.62%	109.16%	90.75%	43.79%	90.75%	43.79%	86.89%	80.81%	79.07%	73.74%	79.09%	238.73%	71.36%	425.18%	83.58%	60.05%	100.00%	96.74%	94.52%	88.30%	-91.67%	51.88%	151.43%	278.89%
Interest Income	332M	222M	143M	97M	73M	0M	0M	0M	461M	535M	100M	16M	53M	98M	114M	44M	10M	8M	6M	4M	4M	1M	0M	0M	0M	0M	0M
Return on Interest Income	1,303.63%	11,501.18%	6,307.94%	11,172.51%	8,379.38%	0.00%	0.00%	0.00%	1,278.74%	2,632.15%	11,495.00%	42,100.00%	5,584.91%	2,779.59%	10,753.51%	3,845.45%	-17,390.00%	17,050.00%	4,383.33%	13,800.00%	14,075.00%	55,200.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	2,928M	2,481M	1,730M	1,174M	903M	3,157M	3,901M	3,210M	3,953M	1,622M	1,737M	1,885M	1,777M	1,444M	628M	454M	585M	191M	110M	2M	1M	4M	34M	77M	86M	109M	143M
Return on Interest Expense	579.25%	551.37%	513.96%	6,919.52%	5,236.57%	732.53%	151.12%	720.44%	149.13%	868.19%	661.77%	357.35%	166.57%	188.64%	1,952.07%	372.69%	-297.26%	714.14%	239.09%	27,600.00%	56,300.00%	13,800.00%	1,220.59%	-57.14%	96.51%	-145.87%	-175.52%
Net Interest Income	-2,596M	-2,259M	-1,586M	-1,077M	-830M	-3,157M	-3,901M	-3,210M	-3,492M	-1,087M	-1,637M	-1,869M	-1,724M	-1,346M	-514M	-410M	-575M	-183M	-104M	2M	3M	-3M	-34M	-77M	-86M	-109M	-143M
Return on Net Interest Income	-728.25%	-649.47%	-611.67%	1,390.12%	995.66%	-732.53%	-151.12%	-720.44%	-168.81%	-1,295.49%	-702.20%	-360.41%	-171.69%	-202.38%	-2,385.02%	-412.68%	302.43%	-745.36%	-252.88%	27,600.00%	18,766.67%	-18,400.00%	-1,220.59%	57.14%	-96.51%	145.87%	175.52%
Unusual Items	5,067M	4,450M	3,144M	2,133M	1,648M	5,912M	7,448M	5,965M	7,039M	2,197M	3,428M	3,623M	3,295M	2,564M	1,104M	956M	1,273M	348M	200M	-18M	-6M	26M	98M	161M	186M	216M	301M
Return on Unusual Items	370.80%	326.73%	298.05%	-454.86%	-326.96%	391.17%	79.15%	387.69%	83.75%	640.96%	335.33%	185.92%	89.83%	106.24%	1,110.42%	176.99%	-136.61%	391.95%	131.50%	-3,066.67%	-9,383.33%	2,123.08%	423.47%	-27.33%	44.62%	-73.61%	-83.39%
EBT Excluding Unusual Items	10,847M	8,938M	4,543M	3,227M	2,371M	16,817M	2,468M	16,764M	2,877M	12,900M	9,006M	3,142M	-852M	-338M	3,441M	869M	-2,380M	1,119M	142M	586M	591M	535M	308M	-197M	-126M	-428M	-549M
Return on EBT Excluding Unusual Items	150.67%	158.81%	26.47%	57.63%	51.93%	137.52%	238.86%	137.95%	204.90%	109.16%	127.64%	214.39%	-347.42%	-805.92%	356.26%	194.71%	73.07%	121.89%	185.21%	94.20%	95.26%	103.18%	134.74%	22.34%	-65.87%	37.15%	45.72%
Pre-Tax Income	15,914M	13,388M	7,687M	5,360M	4,018M	22,729M	9,916M	22,729M	9,916M	15,097M	12,434M	6,765M	2,443M	2,226M	4,545M	1,825M	-1,107M	1,467M	342M	568M	585M	561M	406M	-36M	60M	-212M	-248M
Return on Pre-Tax Income	84.82%	89.30%	120.96%	111.42%	110.51%	101.75%	59.45%	101.75%	59.45%	93.28%	92.45%	99.57%	121.16%	122.37%	269.72%	92.71%	157.09%	92.98%	76.90%	97.18%	96.24%	98.40%	102.22%	122.22%	138.33%	75.00%	101.21%
Income Tax Expense	1,455M	1,067M	-310M	-196M	-147M	-397M	3,748M	-397M	3,748M	1,015M	939M	29M	-518M	-510M	-8,084M	35M	642M	76M	33M	16M	22M	9M	-9M	8M	3M	8M	5M
Return on Income Tax Expense	-1,426.84%	4,034.25%	2,347.75%	2,547.44%	1,440.48%	-5,825.19%	157.28%	-5,825.19%	157.28%	1,387.39%	1,224.17%	23,227.59%	-571.43%	-534.12%	-151.65%	4,834.29%	-270.87%	1,794.74%	796.97%	3,450.00%	2,559.09%	6,133.33%	-4,611.11%	-550.00%	2,766.67%	-1,987.50%	-5,020.00%
Depreciation and Amortization	7,952M	6,976M	5,939M	4,098M	3,117M	8,672M	10,010M	10,010M	10,010M	3,835M	4,984M	6,041M	6,905M	5,781M	4,060M	4,726M	3,038M	962M	625M	187M	155M	157M	159M	160M	159M	176M	210M
Return on Depreciation and Amortization	219.04%	199.85%	136.98%	170.91%	131.97%	266.67%	58.89%	231.03%	58.89%	367.20%	230.64%	111.50%	42.87%	47.12%	301.95%	35.80%	-57.24%	141.79%	42.08%	295.19%	363.23%	351.59%	261.01%	-27.50%	52.20%	-90.34%	-119.52%
EBITDA	26,642M	22,755M	15,310M	10,601M	8,015M	34,223M	23,879M	35,494M	23,879M	20,554M	19,155M	14,691M	11,125M	9,451M	9,233M	7,005M	2,516M	2,620M	1,077M	757M	742M	722M	599M	201M	305M	73M	105M
Return on EBITDA	52.78%	52.84%	40.75%	47.28%	16.35%	67.57%	24.69%	65.15%	24.69%	68.51%	60.01%	45.85%	26.61%	28.82%	132.77%	24.15%	-69.12%	52.06%	24.42%	72.92%	75.88%	76.45%	69.28%	-21.89%	27.21%	-217.81%	-239.05%
NOPAT	16,474M	14,211M	9,610M	6,648M	5,010M	25,929M	8,374M	25,929M	8,374M	15,117M	13,151M	8,482M	4,865M	4,233M	14,268M	2,326M	-646M	1,547M	396M	536M	560M	575M	480M	59M	152M	-109M	-92M
Return on NOPAT	84.24%	83.91%	97.25%	95.11%	95.60%	89.19%	70.39%	89.19%	70.39%	93.15%	87.41%	79.41%	60.84%	64.35%	85.92%	72.76%	269.11%	88.14%	66.46%	102.90%	100.52%	96.06%	86.38%	-75.00%	54.61%	145.92%	273.38%
Owner's Earnings	21,367M	18,498M	13,164M	9,028M	6,801M	31,278M	15,357M	31,278M	15,357M	17,465M	16,055M	12,334M	9,402M	8,100M	15,705M	5,360M	580M	1,733M	479M	503M	477M	597M	495M	58M	171M	-20M	-100M
Return on Owner's Earnings	64.32%	63.83%	19.41%	43.19%	87.52%	73.94%	38.39%	73.94%	38.39%	80.63%	71.60%	54.61%	31.48%	33.63%	78.06%	31.57%	-299.83%	78.71%	54.91%	109.74%	118.03%	92.46%	83.84%	-75.86%	48.54%	795.00%	251.00%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	2025-11-02	2024-11-03	2023-10-29	2022-10-30	2021-10-31	2020-11-01	2019-11-03	2018-11-04	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31	2011-10-31	2010-10-31	2009-10-31	2008-10-31	2007-10-31	2006-10-31
Net Income	14,368M	12,267M	7,923M	5,502M	4,128M	23,126M	5,895M	14,082M	11,495M	6,736M	2,960M	2,724M	12,259M	1,692M	-1,739M	1,364M	263M	552M	563M	552M	415M	-44M	83M	-159M	-251M
Cash & Cash Equivalents	13,238M	12,859M	9,556M	6,792M	5,186M	16,178M	9,348M	14,189M	12,416M	12,163M	7,618M	5,055M	4,292M	11,204M	3,097M	1,822M	1,604M	985M	1,084M	829M	561M	472M	213M	309M	272M
Return on Cash & Cash Equivalents	101.75%	90.64%	79.05%	70.42%	50.81%	142.95%	63.06%	99.25%	92.58%	55.38%	38.86%	53.89%	285.62%	15.10%	-56.15%	74.86%	16.40%	56.04%	51.94%	66.59%	73.98%	-9.32%	38.97%	-51.46%	-92.28%
Short-Term Investments	0M	0M	0M	3M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	24M	14M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Investments	0.00%	0.00%	0.00%	335.91%	251.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,095.83%	3,942.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	13,238M	12,859M	9,556M	6,795M	5,187M	16,178M	9,348M	14,189M	12,416M	12,163M	7,618M	5,055M	4,292M	11,204M	3,097M	1,822M	1,628M	999M	1,084M	829M	561M	472M	213M	309M	272M
Return on Cash & Short-Term Investments	101.75%	90.64%	79.05%	70.36%	50.76%	142.95%	63.06%	99.25%	92.58%	55.38%	38.86%	53.89%	285.62%	15.10%	-56.15%	74.86%	16.15%	55.26%	51.94%	66.59%	73.98%	-9.32%	38.97%	-51.46%	-92.28%
Net Receivables	4,905M	3,949M	3,325M	2,411M	1,862M	7,145M	4,416M	3,154M	2,958M	2,071M	2,297M	3,259M	3,325M	2,448M	2,181M	1,019M	782M	418M	359M	331M	290M	191M	184M	218M	187M
Return on Net Receivables	301.21%	323.50%	218.80%	187.41%	138.46%	323.67%	133.49%	446.48%	388.61%	325.25%	128.86%	83.58%	368.69%	69.12%	-79.73%	133.86%	33.63%	132.06%	156.82%	166.77%	143.10%	-23.04%	45.11%	-72.94%	-134.22%
Inventory	1,976M	1,830M	1,500M	1,114M	878M	2,270M	1,760M	1,898M	1,925M	1,297M	1,003M	874M	1,124M	1,447M	1,400M	524M	519M	285M	194M	194M	189M	162M	188M	140M	169M
Return on Inventory	698.55%	642.43%	490.23%	398.78%	297.81%	1,018.77%	334.94%	741.94%	597.14%	519.35%	295.11%	311.67%	1,090.66%	116.93%	-124.21%	260.31%	50.67%	193.68%	290.21%	284.54%	219.58%	-27.16%	44.15%	-113.57%	-148.52%
Other Current Assets	3,638M	2,354M	1,364M	1,005M	762M	5,980M	4,071M	863M	341M	516M	590M	427M	123M	284M	447M	394M	895M	68M	46M	32M	34M	22M	21M	50M	34M
Return on Other Current Assets	721.09%	1,367.93%	1,815.27%	1,485.93%	1,132.43%	386.72%	144.80%	1,631.75%	3,370.97%	1,305.43%	501.69%	637.94%	9,966.67%	595.77%	-389.04%	346.19%	29.39%	811.76%	1,223.91%	1,725.00%	1,220.59%	-200.00%	395.24%	-318.00%	-738.24%
Total Current Assets	24,005M	21,421M	16,097M	11,565M	8,871M	31,573M	19,595M	20,847M	18,504M	16,586M	11,895M	9,917M	9,107M	15,823M	7,125M	3,775M	3,824M	1,818M	1,691M	1,393M	1,087M	864M	619M	717M	662M
Return on Total Current Assets	56.96%	54.72%	44.69%	39.54%	28.98%	73.25%	30.08%	67.55%	62.12%	40.61%	24.88%	27.47%	134.61%	10.69%	-24.41%	36.13%	6.88%	30.36%	33.29%	39.63%	38.18%	-5.09%	13.41%	-22.18%	-37.92%
Property, Plant & Equipment	2,556M	2,448M	2,506M	1,944M	1,535M	2,530M	2,521M	2,617M	2,223M	2,348M	2,509M	2,565M	2,635M	2,599M	2,509M	1,460M	1,158M	661M	503M	316M	281M	264M	299M	292M	417M
Return on Property, Plant & Equipment	562.00%	498.00%	317.52%	244.10%	185.28%	914.07%	233.84%	538.10%	517.09%	286.88%	117.98%	106.20%	465.24%	65.10%	-69.31%	93.42%	22.71%	83.51%	111.93%	174.68%	147.69%	-16.67%	27.76%	-54.45%	-60.19%
Goodwill	79,776M	65,278M	48,290M	32,461M	24,384M	97,801M	97,873M	43,653M	43,614M	43,450M	43,447M	36,714M	26,913M	24,706M	24,732M	1,674M	1,596M	391M	180M	177M	172M	171M	169M	122M	116M
Return on Goodwill	20.64%	20.76%	16.34%	68.48%	47.26%	23.65%	6.02%	32.26%	26.36%	15.50%	6.81%	7.42%	45.55%	6.85%	-7.03%	81.48%	16.48%	141.18%	312.78%	311.86%	241.28%	-25.73%	49.11%	-130.33%	-216.38%
Intangible Assets	25,574M	19,042M	16,621M	11,634M	8,910M	32,273M	40,583M	3,867M	7,111M	11,374M	16,782M	17,554M	10,762M	10,832M	15,068M	3,277M	3,617M	492M	422M	499M	573M	647M	721M	777M	973M
Return on Intangible Assets	150.11%	134.24%	82.24%	81.83%	62.92%	71.66%	14.53%	364.16%	161.65%	59.22%	17.64%	15.52%	113.91%	15.62%	-11.54%	41.62%	7.27%	112.20%	133.41%	110.62%	72.43%	-6.80%	11.51%	-20.46%	-25.80%
Long-Term Investments	0M	0M	0M	5M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	27M	50M	0M	5M	0M	0M	0M	0M	0M	0M
Return on Long-Term Investments	0.00%	0.00%	0.00%	1,122.52%	841.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5,051.85%	526.00%	0.00%	11,260.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	0M	0M	26M	17M	13M	0M	0M	0M	0M	0M	240M	0M	0M	21M	0M	0M	0M	-5M	-5M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	0.00%	0.00%	929.05%	-867.30%	-650.48%	0.00%	0.00%	0.00%	0.00%	0.00%	1,233.33%	0.00%	0.00%	8,057.14%	0.00%	0.00%	0.00%	-11,040.00%	-11,260.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	4,622M	3,495M	2,095M	1,447M	1,096M	6,915M	5,073M	1,877M	1,797M	1,812M	1,060M	743M	707M	437M	532M	318M	246M	58M	66M	61M	44M	24M	63M	43M	49M
Return on Other Non-Current Assets	400.29%	442.46%	465.24%	526.53%	395.38%	334.43%	116.20%	750.24%	639.68%	371.74%	279.25%	366.62%	1,733.95%	387.19%	-326.88%	428.93%	106.91%	951.72%	853.03%	904.92%	943.18%	-183.33%	131.75%	-369.77%	-512.24%
Other Assets	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	112,528M	90,262M	69,538M	47,508M	35,942M	139,519M	146,050M	52,014M	54,745M	58,984M	64,038M	57,576M	41,017M	38,595M	42,841M	6,756M	6,667M	1,597M	1,171M	1,053M	1,070M	1,106M	1,252M	1,234M	1,555M
Return on Total Non-Current Assets	15.90%	16.02%	11.97%	18.59%	14.56%	16.58%	4.04%	27.07%	21.00%	11.42%	4.62%	4.73%	29.89%	4.38%	-4.06%	20.19%	3.94%	34.56%	48.08%	52.42%	38.79%	-3.98%	6.63%	-12.88%	-16.14%
Total Assets	136,533M	111,683M	85,635M	59,072M	44,812M	171,092M	165,645M	72,861M	73,249M	75,570M	75,933M	67,493M	50,124M	54,418M	49,966M	10,515M	10,491M	3,415M	2,862M	2,446M	2,157M	1,970M	1,871M	1,951M	2,217M
Return on Total Assets	12.13%	12.20%	9.30%	11.13%	8.44%	13.52%	3.56%	19.33%	15.69%	8.91%	3.90%	4.04%	24.46%	3.11%	-3.48%	12.97%	2.51%	16.16%	19.67%	22.57%	19.24%	-2.23%	4.44%	-8.15%	-11.32%
Accounts Payable	1,477M	1,303M	1,138M	884M	707M	1,560M	1,662M	1,210M	998M	1,086M	836M	855M	811M	1,105M	1,261M	617M	515M	278M	248M	221M	198M	154M	174M	194M	165M
Return on Accounts Payable	1,000.31%	954.60%	697.25%	528.00%	395.73%	1,482.44%	354.69%	1,163.80%	1,151.80%	620.26%	354.07%	318.60%	1,511.59%	153.12%	-137.91%	221.07%	51.07%	198.56%	227.02%	249.77%	209.60%	-28.57%	47.70%	-81.96%	-152.12%
Short-Term Debt	1,987M	1,325M	1,081M	727M	575M	3,152M	1,245M	1,563M	403M	264M	827M	2,787M	0M	117M	454M	46M	46M	0M	0M	0M	230M	366M	0M	2M	3M
Return on Short-Term Debt	702.72%	1,502.40%	903.08%	837.85%	-179.03%	733.69%	473.49%	900.96%	2,852.36%	2,551.52%	357.92%	97.74%	0.00%	1,446.15%	-383.04%	2,965.22%	571.74%	0.00%	0.00%	0.00%	180.43%	-12.02%	0.00%	-7,950.00%	-8,366.67%
Tax Payables	398M	483M	337M	236M	177M	0M	720M	473M	680M	541M	440M	229M	162M	123M	0M	79M	57M	15M	16M	10M	0M	0M	0M	0M	0M
Return on Tax Payables	1,265.31%	1,346.29%	1,753.66%	2,162.89%	1,622.17%	0.00%	818.75%	2,977.17%	1,690.44%	1,245.10%	672.73%	1,189.52%	7,567.28%	1,375.61%	0.00%	1,726.58%	461.40%	3,680.00%	3,518.75%	5,520.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	3,961M	3,486M	2,223M	1,516M	1,141M	0M	9,395M	2,487M	2,931M	2,619M	2,620M	1,501M	164M	0M	517M	250M	232M	11M	8M	10M	7M	25M	0M	34M	0M
Return on Deferred Revenue	209.66%	255.67%	871.14%	1,796.41%	1,611.55%	0.00%	62.75%	566.22%	392.19%	257.20%	112.98%	181.48%	7,475.00%	0.00%	-336.36%	545.60%	113.36%	5,018.18%	7,037.50%	5,520.00%	5,928.57%	-176.00%	0.00%	-467.65%	0.00%
Other Current Liabilities	5,325M	3,778M	2,147M	1,438M	1,097M	11,673M	3,114M	1,187M	1,536M	1,380M	651M	886M	486M	558M	-2M	-46M	4M	113M	12M	18M	28M	4M	120M	55M	172M
Return on Other Current Liabilities	524.59%	562.05%	9,334.81%	7,013.64%	5,261.05%	198.12%	189.31%	1,186.35%	748.37%	488.12%	454.69%	307.45%	2,522.43%	303.23%	86,950.00%	-2,965.22%	6,575.00%	488.50%	4,691.67%	3,066.67%	1,482.14%	-1,100.00%	69.17%	-289.09%	-145.93%
Total Current Liabilities	14,205M	11,190M	7,716M	5,361M	4,130M	18,514M	16,697M	7,405M	7,052M	6,281M	6,371M	6,899M	2,338M	2,529M	3,078M	1,119M	1,016M	423M	346M	350M	565M	633M	328M	321M	340M
Return on Total Current Liabilities	116.80%	124.13%	124.13%	122.67%	90.42%	124.91%	35.31%	190.17%	163.00%	107.24%	46.46%	39.48%	524.34%	66.90%	-56.50%	121.89%	25.89%	130.50%	162.72%	157.71%	73.45%	-6.95%	25.30%	-49.53%	-73.82%
Long-Term Debt	55,299M	48,870M	36,271M	24,800M	18,742M	61,984M	66,295M	37,617M	39,053M	39,401M	40,235M	30,011M	17,493M	17,431M	13,188M	3,826M	5,463M	0M	2M	0M	0M	230M	703M	903M	1,000M
Return on Long-Term Debt	27.88%	26.03%	21.32%	1,893.58%	1,417.68%	37.31%	8.89%	37.44%	29.43%	17.10%	7.36%	9.08%	70.08%	9.71%	-13.19%	35.65%	4.81%	0.00%	28,150.00%	0.00%	0.00%	-19.13%	11.81%	-17.61%	-25.10%
Capital Lease Obligations	29M	42M	79M	53M	41M	0M	39M	49M	59M	65M	575M	0M	0M	0M	0M	0M	0M	2M	3M	6M	6M	5M	7M	6M	4M
Return on Capital Lease Obligations	14,618.05%	14,740.06%	7,421.51%	8,652.12%	6,403.96%	0.00%	15,115.38%	28,738.78%	19,483.05%	10,363.08%	514.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	27,600.00%	18,766.67%	9,200.00%	6,916.67%	-880.00%	1,185.71%	-2,650.00%	-6,275.00%
Deferred Tax Liabilities	1,468M	1,413M	3,234M	2,157M	1,618M	0M	4,703M	-299M	3,229M	-566M	0M	4,800M	169M	10,019M	10,287M	9M	0M	0M	2M	0M	0M	0M	0M	0M	0M
Return on Deferred Tax Liabilities	-1,528.12%	-1,083.69%	189.21%	3,013.18%	2,259.88%	0.00%	125.35%	-4,709.70%	355.99%	-1,190.11%	0.00%	56.75%	7,253.85%	16.89%	-16.90%	15,155.56%	0.00%	0.00%	28,150.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Liabilities	5,987M	4,549M	3,865M	2,703M	2,041M	9,302M	5,172M	3,488M	385M	4,400M	4,028M	5,613M	3,467M	1,253M	1,537M	847M	769M	105M	95M	86M	83M	64M	55M	30M	31M
Return on Other Non-Current Liabilities	255.44%	781.02%	440.26%	423.87%	280.03%	248.61%	113.98%	403.73%	2,985.71%	153.09%	73.49%	48.53%	353.59%	135.04%	-113.14%	161.04%	34.20%	525.71%	592.63%	641.86%	500.00%	-68.75%	150.91%	-530.00%	-809.68%
Total Non-Current Liabilities	64,675M	56,362M	43,794M	29,942M	22,613M	71,286M	81,270M	41,468M	43,488M	44,300M	45,661M	35,624M	21,129M	28,703M	25,012M	4,682M	6,219M	106M	97M	90M	87M	297M	763M	937M	1,035M
Return on Total Non-Current Liabilities	24.55%	23.06%	18.64%	128.95%	118.30%	32.44%	7.25%	33.96%	26.43%	15.21%	6.48%	7.65%	58.02%	5.89%	-6.95%	29.13%	4.23%	520.75%	580.41%	613.33%	477.01%	-14.81%	10.88%	-16.97%	-24.25%
Total Liabilities	78,880M	67,552M	51,511M	35,304M	26,744M	89,800M	97,967M	48,873M	50,540M	50,581M	52,032M	42,523M	23,467M	31,232M	28,090M	5,801M	7,248M	529M	443M	440M	652M	930M	1,091M	1,258M	1,375M
Return on Total Liabilities	20.19%	19.33%	16.02%	36.28%	28.99%	25.75%	6.02%	28.81%	22.74%	13.32%	5.69%	6.41%	52.24%	5.42%	-6.19%	23.51%	3.63%	104.35%	127.09%	125.45%	63.65%	-4.73%	7.61%	-12.64%	-18.25%
Preferred Stock	0M	5M	8M	6M	5M	0M	0M	0M	0M	27M	27M	29M	0M	0M	0M	0M	0M	0M	11M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock	0.00%	4,989.63%	4,530.42%	3,361.49%	2,521.12%	0.00%	0.00%	0.00%	0.00%	24,948.15%	10,962.96%	9,393.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5,118.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	3M	2M	6,304M	4,711M	3,587M	5M	5M	0M	0M	0M	0M	0M	23,285M	20,505M	19,241M	2,547M	2,009M	1,587M	1,479M	0M	0M	0M	0M	0M	1,069M
Return on Common Stock	193,473.33%	116,084.00%	58,047.19%	38,707.42%	29,029.39%	462,520.00%	117,900.00%	0.00%	0.00%	0.00%	0.00%	0.00%	52.65%	8.25%	-9.04%	53.55%	13.09%	34.78%	38.07%	0.00%	0.00%	0.00%	0.00%	0.00%	-23.48%
Retained Earnings	4,148M	2,959M	1,794M	1,616M	1,151M	9,761M	0M	2,682M	1,604M	748M	0M	0M	3,487M	-129M	-215M	2,240M	1,284M	1,305M	951M	525M	59M	-356M	-312M	-386M	-227M
Return on Retained Earnings	253.99%	475.83%	222.79%	167.73%	167.84%	236.92%	0.00%	525.06%	716.65%	900.53%	0.00%	0.00%	351.56%	-1,311.63%	808.84%	60.89%	20.48%	42.30%	59.20%	105.14%	703.39%	12.36%	-26.60%	41.19%	110.57%
Accumulated OCI	211M	92M	-13M	-18M	-13M	218M	207M	207M	-54M	-116M	-108M	-140M	-115M	-91M	-134M	-73M	-50M	-6M	-11M	2M	-4M	3M	8M	4M	0M
Return on Accumulated OCI	6,752.99%	-1,366.99%	-2,274.30%	-790.38%	-1,331.74%	10,608.26%	2,847.83%	6,802.90%	-21,287.04%	-5,806.90%	-2,740.74%	-1,945.71%	-10,660.00%	-1,859.34%	1,297.76%	-1,868.49%	-526.00%	-9,200.00%	-5,118.18%	27,600.00%	-10,375.00%	-1,466.67%	1,037.50%	-3,975.00%	0.00%
Minority Interest	0M	0M	589M	392M	294M	0M	0M	0M	0M	0M	0M	0M	0M	2,901M	2,984M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	58.32%	-58.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	57,653M	44,131M	33,536M	23,375M	17,774M	81,292M	67,678M	23,988M	22,709M	24,989M	23,901M	24,970M	26,657M	20,285M	18,892M	4,714M	3,243M	2,886M	2,419M	2,006M	1,505M	1,040M	780M	693M	842M
Return on Total Shareholders’ Equity	31.95%	34.69%	24.19%	23.25%	16.50%	28.45%	8.71%	58.70%	50.62%	26.96%	12.38%	10.91%	45.99%	8.34%	-9.20%	28.94%	8.11%	19.13%	23.27%	27.52%	27.57%	-4.23%	10.64%	-22.94%	-29.81%
Total Equity	57,653M	44,131M	34,125M	23,768M	18,069M	81,292M	67,678M	23,988M	22,709M	24,989M	23,901M	24,970M	26,657M	23,186M	21,876M	4,714M	3,243M	2,886M	2,419M	2,006M	1,505M	1,040M	780M	693M	842M
Return on Total Equity	31.95%	34.69%	24.21%	23.27%	16.51%	28.45%	8.71%	58.70%	50.62%	26.96%	12.38%	10.91%	45.99%	7.30%	-7.95%	28.94%	8.11%	19.13%	23.27%	27.52%	27.57%	-4.23%	10.64%	-22.94%	-29.81%
Total Liabilities & Equity	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Liabilities & Equity	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	0M	0M	-2M	7M	5M	0M	0M	0M	0M	0M	0M	0M	0M	-21M	0M	27M	74M	14M	5M	0M	0M	0M	0M	0M	0M
Return on Total Investments	0.00%	0.00%	-805.71%	836.86%	627.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-8,057.14%	0.00%	5,051.85%	355.41%	3,942.86%	11,260.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	44,212M	37,661M	28,021M	18,885M	14,246M	48,958M	58,218M	25,459M	27,562M	28,110M	34,071M	27,743M	13,201M	6,344M	10,545M	2,050M	3,905M	-983M	-1,081M	-823M	-325M	127M	497M	600M	735M
Return on Net Debt	37.56%	35.67%	29.99%	13.19%	-0.42%	47.24%	10.13%	55.31%	41.71%	23.96%	8.69%	9.82%	92.86%	26.67%	-16.49%	66.54%	6.73%	-56.15%	-52.08%	-67.07%	-127.69%	-34.65%	16.70%	-26.50%	-34.15%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	2025-11-02	2024-11-03	2023-10-29	2022-10-30	2021-10-31	2020-11-01	2019-11-03	2018-11-04	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31	2011-10-31	2010-10-31	2009-10-31	2008-10-31	2007-10-31	2006-10-31
Net Income	14,368M	12,267M	7,923M	5,502M	4,128M	23,126M	5,895M	14,082M	11,495M	6,736M	2,960M	2,724M	12,259M	1,692M	-1,739M	1,364M	263M	552M	563M	552M	415M	-44M	83M	-159M	-251M
Working Capital	9,800M	10,231M	8,381M	6,204M	4,741M	13,059M	2,898M	13,442M	11,452M	10,305M	5,524M	3,018M	6,769M	13,294M	4,047M	2,656M	2,808M	1,395M	1,345M	1,043M	522M	231M	291M	396M	322M
Return on Working Capital	161.76%	130.20%	94.57%	76.05%	55.58%	177.09%	203.42%	104.76%	100.38%	65.37%	53.58%	90.26%	181.11%	12.73%	-42.97%	51.36%	9.37%	39.57%	41.86%	52.92%	79.50%	-19.05%	28.52%	-40.15%	-77.95%
Total Capital	115,103M	94,651M	71,113M	49,053M	37,206M	146,428M	135,244M	63,636M	62,687M	65,262M	65,590M	57,768M	44,150M	37,833M	32,534M	8,586M	8,752M	2,888M	2,422M	2,012M	1,741M	1,639M	1,490M	1,602M	1,849M
Return on Total Capital	14.09%	14.19%	10.71%	13.05%	9.95%	15.79%	4.36%	22.13%	18.34%	10.32%	4.51%	4.72%	27.77%	4.47%	-5.35%	15.89%	3.01%	19.11%	23.25%	27.44%	23.84%	-2.68%	5.57%	-9.93%	-13.57%
Capital Employed	122,327M	100,494M	77,919M	53,711M	40,682M	152,578M	148,948M	65,456M	66,197M	69,289M	69,562M	60,594M	47,786M	51,889M	46,888M	9,396M	9,475M	2,992M	2,516M	2,096M	1,592M	1,337M	1,543M	1,630M	1,877M
Return on Capital Employed	13.54%	13.54%	10.17%	12.41%	9.56%	15.16%	3.96%	21.51%	17.36%	9.72%	4.26%	4.50%	25.65%	3.26%	-3.71%	14.52%	2.78%	18.45%	22.38%	26.34%	26.07%	-3.29%	5.38%	-9.75%	-13.37%
Invested Capital	101,864M	81,793M	61,557M	42,261M	32,020M	130,250M	125,896M	49,447M	50,271M	53,099M	57,972M	52,713M	39,858M	26,629M	29,437M	6,764M	7,148M	1,903M	1,338M	1,183M	1,180M	1,167M	1,277M	1,293M	1,577M
Return on Invested Capital	16.97%	17.29%	12.79%	17.97%	13.96%	17.76%	4.68%	28.48%	22.87%	12.69%	5.11%	5.17%	30.76%	6.35%	-5.91%	20.17%	3.68%	29.01%	42.08%	46.66%	35.17%	-3.77%	6.50%	-12.30%	-15.92%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	TTM	TTM-1	2025-11-02	2024-11-03	2023-10-29	2022-10-30	2021-10-31	2020-11-01	2019-11-03	2018-11-04	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31	2011-10-31	2010-10-31	2009-10-31	2008-10-31	2007-10-31	2006-10-31
Net Income	14,368M	12,267M	7,923M	5,502M	4,128M	23,126M	5,895M	23,126M	5,895M	14,082M	11,495M	6,736M	2,960M	2,724M	12,259M	1,692M	-1,739M	1,364M	263M	552M	563M	552M	415M	-44M	83M	-159M	-251M
Depreciation & Amortization	7,540M	6,729M	5,822M	4,020M	3,058M	8,775M	10,010M	8,775M	10,010M	3,835M	4,984M	6,041M	6,905M	5,808M	4,081M	4,737M	3,042M	962M	625M	187M	155M	157M	159M	160M	159M	176M	210M
Return on Depreciation & Amortization	229.88%	206.35%	140.05%	172.96%	133.51%	263.54%	58.89%	263.54%	58.89%	367.20%	230.64%	111.50%	42.87%	46.90%	300.39%	35.72%	-57.17%	141.79%	42.08%	295.19%	363.23%	351.59%	261.01%	-27.50%	52.20%	-90.34%	-119.52%
Deferred Income Tax	488M	124M	-953M	-674M	-499M	-983M	1,965M	0M	1,965M	-501M	-34M	-809M	-1,142M	-934M	-8,270M	-173M	365M	-90M	42M	3M	13M	-538M	2M	16M	0M	115M	0M
Return on Deferred Income Tax	-836.93%	-7,430.45%	-3,930.58%	-1,171.13%	138.49%	-2,352.59%	300.00%	0.00%	300.00%	-2,810.78%	-33,808.82%	-832.63%	-259.19%	-291.65%	-148.23%	-978.03%	-476.44%	-1,515.56%	626.19%	18,400.00%	4,330.77%	-102.60%	20,750.00%	-275.00%	0.00%	-138.26%	0.00%
Stock-Based Compensation	5,160M	3,743M	2,571M	1,751M	1,317M	7,568M	5,741M	7,568M	5,741M	2,171M	1,533M	1,704M	1,976M	2,185M	1,227M	921M	679M	232M	163M	77M	53M	38M	25M	12M	15M	12M	0M
Return on Stock-Based Compensation	352.30%	440.41%	340.32%	492.28%	395.30%	305.58%	102.68%	305.58%	102.68%	648.64%	749.84%	395.31%	149.80%	124.67%	999.10%	183.71%	-256.11%	587.93%	161.35%	716.88%	1,062.26%	1,452.63%	1,660.00%	-366.67%	553.33%	-1,325.00%	0.00%
Change in Working Capital	-4,927M	-3,312M	-1,673M	-1,124M	-832M	-8,500M	-4,637M	-8,500M	-4,637M	-1,643M	-1,654M	-127M	1,093M	-184M	-826M	-735M	483M	-166M	251M	-91M	-87M	-35M	-99M	-6M	-34M	-3M	355M
Return on Change in Working Capital	-418.76%	-1,451.04%	-1,053.92%	-939.13%	-439.38%	-272.07%	-127.13%	-272.07%	-127.13%	-857.09%	-694.98%	-5,303.94%	270.81%	-1,480.43%	-1,484.14%	-230.20%	-360.04%	-821.69%	104.78%	-606.59%	-647.13%	-1,577.14%	-419.19%	733.33%	-244.12%	5,300.00%	-70.70%
Accounts Receivable	-192M	-247M	-118M	-101M	-74M	-2,717M	2,327M	-2,717M	2,327M	-187M	-870M	210M	981M	486M	-652M	-267M	-491M	-187M	-70M	-26M	-13M	-42M	-96M	0M	38M	-31M	136M
Return on Accounts Receivable	-2,709.44%	-1,248.39%	-753.95%	-1,094.18%	-814.91%	-851.16%	253.33%	-851.16%	253.33%	-7,530.48%	-1,321.26%	3,207.62%	301.73%	560.49%	-1,880.21%	-633.71%	354.18%	-729.41%	-375.71%	-2,123.08%	-4,330.77%	-1,314.29%	-432.29%	0.00%	218.42%	512.90%	-184.56%
Inventory	-111M	-251M	34M	36M	27M	-510M	150M	-510M	150M	27M	-627M	-294M	-31M	250M	417M	-39M	996M	62M	193M	-55M	0M	-5M	-26M	27M	-45M	28M	28M
Return on Inventory	17,183.68%	9,485.31%	3,739.45%	1,845.81%	1,213.97%	-4,534.51%	3,930.00%	-4,534.51%	3,930.00%	52,155.56%	-1,833.33%	-2,291.16%	-9,548.39%	1,089.60%	2,939.81%	-4,338.46%	-174.60%	2,200.00%	136.27%	-1,003.64%	0.00%	-11,040.00%	-1,596.15%	-162.96%	-184.44%	-567.86%	-896.43%
Accounts Payable	71M	75M	-6M	2M	3M	-118M	121M	-118M	121M	209M	-79M	243M	-3M	-42M	-325M	-97M	33M	29M	13M	22M	-2M	25M	23M	-16M	-29M	29M	32M
Return on Accounts Payable	-2,662.87%	-3,953.44%	-13,570.56%	-10,160.80%	-7,597.58%	-19,598.31%	4,871.90%	-19,598.31%	4,871.90%	6,737.80%	-14,550.63%	2,772.02%	-98,666.67%	-6,485.71%	-3,772.00%	-1,744.33%	-5,269.70%	4,703.45%	2,023.08%	2,509.09%	-28,150.00%	2,208.00%	1,804.35%	275.00%	-286.21%	-548.28%	-784.38%
Other Working Capital	-4,694M	-2,889M	-1,583M	-1,060M	-789M	-5,155M	-7,235M	-5,155M	-7,235M	-1,692M	-78M	-286M	146M	-878M	-266M	-332M	-55M	-70M	115M	-32M	-72M	-13M	0M	-17M	2M	-29M	159M
Return on Other Working Capital	-454.12%	-3,690.96%	-1,869.41%	-1,811.14%	-1,118.39%	-448.61%	-81.48%	-448.61%	-81.48%	-832.27%	-14,737.18%	-2,355.24%	2,027.40%	-310.25%	-4,608.65%	-509.64%	3,161.82%	-1,948.57%	228.70%	-1,725.00%	-781.94%	-4,246.15%	0.00%	258.82%	4,150.00%	548.28%	-157.86%
Other Non-Cash Items	-768M	-334M	-64M	-15M	-9M	-2,449M	1,039M	-3,432M	988M	141M	412M	219M	269M	98M	58M	-93M	703M	16M	-151M	-6M	-4M	552M	8M	1M	-15M	5M	58M
Return on Other Non-Cash Items	3,303.35%	3,155.18%	3,872.54%	1,593.41%	1,026.13%	-944.30%	567.37%	-673.83%	596.66%	9,987.23%	2,790.05%	3,075.80%	1,100.37%	2,779.59%	21,136.21%	-1,819.35%	-247.37%	8,525.00%	-174.17%	-9,200.00%	-14,075.00%	100.00%	5,187.50%	-4,400.00%	-553.33%	-3,180.00%	-432.76%
Net Cash from Operating Activities	21,861M	19,217M	13,668M	9,488M	7,185M	27,537M	19,962M	27,537M	19,962M	18,085M	16,736M	13,764M	12,061M	9,697M	8,880M	6,551M	3,411M	2,318M	1,175M	722M	693M	726M	510M	139M	208M	146M	370M
Return on Net Cash from Operating Activities	63.79%	61.80%	47.45%	52.63%	35.12%	83.98%	29.53%	83.98%	29.53%	77.87%	68.68%	48.94%	24.54%	28.09%	138.05%	25.83%	-50.98%	58.84%	22.38%	76.45%	81.24%	76.03%	81.37%	-31.65%	39.90%	-108.90%	-67.84%
Capital Expenditures (PPE)	-541M	-498M	-581M	-494M	-385M	-623M	-548M	-623M	-548M	-452M	-424M	-443M	-463M	-432M	-635M	-1,069M	-723M	-593M	-409M	-236M	-241M	-112M	-79M	-57M	-65M	-37M	-59M
Return on Capital Expenditures (PPE)	-2,634.42%	-2,426.98%	-1,525.31%	-1,100.52%	-811.42%	-3,712.04%	-1,075.73%	-3,712.04%	-1,075.73%	-3,115.49%	-2,711.08%	-1,520.54%	-639.31%	-630.56%	-1,930.55%	-158.28%	240.53%	-230.02%	-64.30%	-233.90%	-233.61%	-492.86%	-525.32%	77.19%	-127.69%	429.73%	425.42%
Acquisitions (Net)	-8,677M	-5,248M	-6,518M	-4,754M	-3,565M	0M	-25,978M	0M	-25,978M	-53M	-246M	37M	-10,654M	-15,076M	-4,027M	-30M	-9,157M	256M	-5,961M	-414M	0M	0M	0M	0M	5M	0M	1M
Return on Acquisitions (Net)	-8,864.17%	-2,611.97%	-1,903.11%	-1,242.41%	-2,103.80%	0.00%	-22.69%	0.00%	-22.69%	-26,569.81%	-4,672.76%	18,205.41%	-27.78%	-18.07%	-304.42%	-5,640.00%	18.99%	532.81%	-4.41%	-133.33%	0.00%	0.00%	0.00%	0.00%	1,660.00%	0.00%	-25,100.00%
Purchases of Investments	-373M	-263M	-183M	-124M	-99M	-597M	-175M	-597M	-175M	-346M	-200M	4M	0M	-5M	-249M	-207M	-58M	-14M	0M	-15M	-4M	-1M	-9M	-7M	-78M	-27M	0M
Return on Purchases of Investments	-3,770.74%	30,268.06%	9,411.79%	761.33%	396.00%	-3,873.70%	-3,368.57%	-3,873.70%	-3,368.57%	-4,069.94%	-5,747.50%	168,400.00%	0.00%	-54,480.00%	-4,923.29%	-817.39%	2,998.28%	-9,742.86%	0.00%	-3,680.00%	-14,075.00%	-55,200.00%	-4,611.11%	628.57%	-106.41%	588.89%	0.00%
Sales / Maturities of Investments	211M	200M	136M	94M	71M	248M	156M	248M	156M	228M	200M	169M	0M	5M	54M	200M	104M	0M	35M	13M	0M	0M	0M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	6,426.72%	5,802.69%	10,536.92%	7,357.79%	5,518.34%	9,325.00%	3,778.85%	9,325.00%	3,778.85%	6,176.32%	5,747.50%	3,985.80%	0.00%	54,480.00%	22,701.85%	846.00%	-1,672.12%	0.00%	751.43%	4,246.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	1,267M	758M	450M	336M	156M	392M	3,475M	392M	3,475M	-66M	3M	-12M	8M	86M	183M	432M	-6M	110M	450M	0M	1M	-9M	2M	1M	44M	69M	-2,042M
Return on Other Investing Activities	-5,089.08%	62,353.22%	38,800.74%	29,298.17%	22,789.65%	5,899.49%	169.64%	5,899.49%	169.64%	-21,336.36%	383,166.67%	-56,133.33%	37,000.00%	3,167.44%	6,698.91%	391.67%	28,983.33%	1,240.00%	58.44%	0.00%	56,300.00%	-6,133.33%	20,750.00%	-4,400.00%	188.64%	-230.43%	12.29%
Net Cash from Investing Activities	-8,113M	-5,050M	-6,697M	-4,941M	-3,823M	-580M	-23,070M	-580M	-23,070M	-689M	-667M	-245M	-11,109M	-15,422M	-4,674M	-674M	-9,840M	-241M	-5,885M	-652M	-244M	-122M	-86M	-63M	-94M	5M	-2,100M
Return on Net Cash from Investing Activities	-2,018.88%	-2,105.88%	-1,106.94%	-827.18%	-803.84%	-3,987.24%	-25.55%	-3,987.24%	-25.55%	-2,043.83%	-1,723.39%	-2,749.39%	-26.65%	-17.66%	-262.28%	-251.04%	17.67%	-565.98%	-4.47%	-84.66%	-230.74%	-452.46%	-482.56%	69.84%	-88.30%	-3,180.00%	11.95%
Net Debt Issuance	5,710M	3,023M	4,699M	3,368M	2,534M	-2,812M	20,346M	-2,812M	20,346M	-403M	-426M	-1,591M	7,703M	13,234M	-973M	3,718M	8,193M	-1,817M	5,588M	-2M	-2M	-233M	-366M	-115M	-202M	-108M	941M
Return on Net Debt Issuance	-1,429.24%	-1,481.89%	-858.61%	-4,309.56%	-3,231.95%	-822.40%	28.97%	-822.40%	28.97%	-3,494.29%	-2,698.36%	-423.38%	38.43%	20.58%	-1,259.92%	45.51%	-21.23%	-75.07%	4.71%	-27,600.00%	-28,150.00%	-236.91%	-113.39%	38.26%	-41.09%	147.22%	-26.67%
Long-Term Debt Issuance	5,710M	3,023M	4,703M	3,064M	2,306M	-7,161M	20,346M	-2,812M	20,346M	-403M	-426M	-1,591M	7,703M	13,234M	-973M	3,758M	8,193M	-1,817M	988M	-2M	-2M	-233M	-366M	-115M	-202M	-108M	941M
Return on Long-Term Debt Issuance	-1,429.24%	-1,481.89%	-858.66%	-4,308.13%	-3,230.88%	-322.94%	28.97%	-822.40%	28.97%	-3,494.29%	-2,698.36%	-423.38%	38.43%	20.58%	-1,259.92%	45.02%	-21.23%	-75.07%	26.62%	-27,600.00%	-28,150.00%	-236.91%	-113.39%	38.26%	-41.09%	147.22%	-26.67%
Short-Term Debt Issuance	0M	0M	-4M	304M	228M	4,349M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-40M	0M	0M	4,600M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	0.00%	0.00%	-423.00%	-281.62%	-211.21%	531.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4,230.00%	0.00%	0.00%	5.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-8,618M	-7,065M	-4,484M	-2,971M	-2,159M	-6,089M	-12,202M	-6,089M	-12,202M	-7,563M	-8,341M	-1,129M	-489M	-2,475M	-7,102M	257M	295M	241M	112M	6M	-66M	-23M	28M	298M	-7M	-2M	1,063M
Return on Net Stock Issuance	-204.77%	-269.75%	-216.79%	305.33%	639.40%	-379.80%	-48.31%	-379.80%	-48.31%	-186.20%	-137.81%	-596.63%	-605.32%	-110.06%	-172.61%	658.37%	-589.49%	565.98%	234.82%	9,200.00%	-853.03%	-2,400.00%	1,482.14%	-14.77%	-1,185.71%	7,950.00%	-23.61%
Common Stock Issuance	178M	163M	205M	176M	214M	221M	190M	221M	190M	122M	114M	170M	276M	253M	156M	257M	295M	241M	124M	101M	44M	70M	28M	304M	0M	0M	1,312M
Return on Common Stock Issuance	8,369.84%	7,831.04%	4,923.15%	3,508.28%	2,703.64%	10,464.25%	3,102.63%	10,464.25%	3,102.63%	11,542.62%	10,083.33%	3,962.35%	1,072.46%	1,076.68%	7,858.33%	658.37%	-589.49%	565.98%	212.10%	546.53%	1,279.55%	788.57%	1,482.14%	-14.47%	0.00%	0.00%	-19.13%
Common Stock Repurchased	-8,796M	-7,228M	-5,057M	-3,392M	-2,557M	-6,310M	-12,392M	-6,310M	-12,392M	-7,685M	-8,455M	-1,299M	-765M	-6,407M	-7,258M	0M	0M	0M	-12M	-95M	-110M	-93M	0M	-6M	-7M	-2M	-249M
Return on Common Stock Repurchased	-199.10%	-250.36%	-185.02%	-381.88%	93.51%	-366.50%	-47.57%	-366.50%	-47.57%	-183.24%	-135.96%	-518.55%	-386.93%	-42.52%	-168.90%	0.00%	0.00%	0.00%	-2,191.67%	-581.05%	-511.82%	-593.55%	0.00%	733.33%	-1,185.71%	7,950.00%	100.80%
Preferred Stock Issuance	0M	0M	368M	245M	184M	0M	0M	0M	0M	0M	0M	0M	0M	3,679M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	0.00%	7.40%	4.94%	3.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	74.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-9,534M	-8,369M	-5,702M	-3,875M	-2,906M	-11,142M	-9,814M	-11,142M	-9,814M	-7,645M	-7,032M	-6,212M	-5,534M	-4,235M	-2,998M	-1,653M	-750M	-408M	-284M	-198M	-137M	-86M	0M	0M	0M	0M	-1M
Return on Net Dividends Paid	-150.61%	-144.75%	-112.09%	-191.96%	1,111.03%	-207.56%	-60.07%	-207.56%	-60.07%	-184.20%	-163.47%	-108.44%	-53.49%	-64.32%	-408.91%	-102.36%	231.87%	-334.31%	-92.61%	-278.79%	-410.95%	-641.86%	0.00%	0.00%	0.00%	0.00%	25,100.00%
Common Dividends Paid	-9,534M	-8,369M	-5,702M	-3,875M	-2,906M	-11,142M	-9,814M	-11,142M	-9,814M	-7,645M	-7,032M	-6,212M	-5,534M	-4,235M	-2,998M	-1,653M	-750M	-408M	-284M	-198M	-137M	-86M	0M	0M	0M	0M	-1M
Return on Common Dividends Paid	-150.61%	-144.75%	-112.09%	-191.96%	1,111.03%	-207.56%	-60.07%	-207.56%	-60.07%	-184.20%	-163.47%	-108.44%	-53.49%	-64.32%	-408.91%	-102.36%	231.87%	-334.31%	-92.61%	-278.79%	-410.95%	-641.86%	0.00%	0.00%	0.00%	0.00%	25,100.00%
Preferred Dividends Paid	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M
Return on Preferred Dividends Paid	0.00%	0.00%	0.00%	0.00%	1,255.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	25,100.00%
Other Financing Activities	-53M	-44M	-49M	-28M	-21M	-84M	-63M	-84M	-63M	-12M	-17M	-42M	-69M	-36M	-45M	-92M	-34M	125M	-87M	25M	11M	6M	3M	0M	-1M	-4M	-1M
Return on Other Financing Activities	-51,412.70%	-47,578.77%	-27,371.70%	-17,093.46%	-11,089.68%	-27,530.95%	-9,357.14%	-27,530.95%	-9,357.14%	-117,350.00%	-67,617.65%	-16,038.10%	-4,289.86%	-7,566.67%	-27,242.22%	-1,839.13%	5,114.71%	1,091.20%	-302.30%	2,208.00%	5,118.18%	9,200.00%	13,833.33%	0.00%	-8,300.00%	3,975.00%	25,100.00%
Net Cash from Financing Activities	-12,494M	-12,455M	-5,536M	-3,506M	-2,553M	-20,127M	-1,733M	-20,127M	-1,733M	-15,623M	-15,816M	-8,974M	1,611M	6,488M	-11,118M	2,230M	7,704M	-1,859M	5,329M	-169M	-194M	-336M	-335M	183M	-210M	-114M	2,002M
Return on Net Cash from Financing Activities	-181.73%	-138.59%	-52.42%	-91.58%	-71.71%	-114.90%	-340.16%	-114.90%	-340.16%	-90.14%	-72.68%	-75.06%	183.74%	41.99%	-110.26%	75.87%	-22.57%	-73.37%	4.94%	-326.63%	-290.21%	-164.29%	-123.88%	-24.04%	-39.52%	139.47%	-12.54%
Effect of FX on Cash	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Effect of FX on Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Change in Cash	1,254M	1,712M	1,436M	1,041M	809M	6,830M	-4,841M	6,830M	-4,841M	1,773M	253M	4,545M	2,563M	763M	-6,912M	8,107M	1,275M	218M	619M	-99M	255M	268M	89M	259M	-96M	37M	272M
Return on Net Change in Cash	337.02%	1,140.55%	588.24%	427.98%	313.03%	338.59%	-121.77%	338.59%	-121.77%	794.25%	4,543.48%	148.21%	115.49%	357.01%	-177.36%	20.87%	-136.39%	625.69%	42.49%	-557.58%	220.78%	205.97%	466.29%	-16.99%	-86.46%	-429.73%	-92.28%
Cash at Beginning of Period	11,984M	11,147M	8,120M	5,751M	4,377M	38,845M	45,814M	9,348M	14,189M	12,416M	12,163M	7,618M	5,055M	4,292M	11,204M	3,097M	1,822M	1,604M	985M	1,084M	829M	561M	472M	213M	309M	272M	0M
Return on Cash at Beginning of Period	134.12%	117.06%	77.59%	73.66%	57.03%	59.53%	12.87%	247.39%	41.55%	113.42%	94.51%	88.42%	58.56%	63.47%	109.42%	54.63%	-95.44%	85.04%	26.70%	50.92%	67.91%	98.40%	87.92%	-20.66%	26.86%	-58.46%	0.00%
Cash at End of Period	13,238M	12,859M	9,556M	6,792M	5,186M	45,675M	40,973M	16,178M	9,348M	14,189M	12,416M	12,163M	7,618M	5,055M	4,292M	11,204M	3,097M	1,822M	1,604M	985M	1,084M	829M	561M	472M	213M	309M	272M
Return on Cash at End of Period	101.75%	90.64%	79.05%	70.42%	50.81%	50.63%	14.39%	142.95%	63.06%	99.25%	92.58%	55.38%	38.86%	53.89%	285.62%	15.10%	-56.15%	74.86%	16.40%	56.04%	51.94%	66.59%	73.98%	-9.32%	38.97%	-51.46%	-92.28%
Operating Cash Flow	21,861M	19,217M	13,668M	9,488M	7,185M	27,537M	19,962M	27,537M	19,962M	18,085M	16,736M	13,764M	12,061M	9,697M	8,880M	6,551M	3,411M	2,318M	1,175M	722M	693M	726M	510M	139M	208M	146M	370M
Return on Operating Cash Flow	63.79%	61.80%	47.45%	52.63%	35.12%	83.98%	29.53%	83.98%	29.53%	77.87%	68.68%	48.94%	24.54%	28.09%	138.05%	25.83%	-50.98%	58.84%	22.38%	76.45%	81.24%	76.03%	81.37%	-31.65%	39.90%	-108.90%	-67.84%
Capital Expenditure	-541M	-498M	-581M	-494M	-385M	-623M	-548M	-623M	-548M	-452M	-424M	-443M	-463M	-432M	-635M	-1,069M	-723M	-593M	-409M	-236M	-241M	-112M	-79M	-58M	-71M	-37M	-59M
Return on Capital Expenditure	-2,634.42%	-2,426.98%	-1,525.31%	-1,100.52%	-810.95%	-3,712.04%	-1,075.73%	-3,712.04%	-1,075.73%	-3,115.49%	-2,711.08%	-1,520.54%	-639.31%	-630.56%	-1,930.55%	-158.28%	240.53%	-230.02%	-64.30%	-233.90%	-233.61%	-492.86%	-525.32%	75.86%	-116.90%	429.73%	425.42%
Free Cash Flow	21,320M	18,719M	13,087M	8,994M	6,799M	26,914M	19,414M	26,914M	19,414M	17,633M	16,312M	13,321M	11,598M	9,265M	8,245M	5,482M	2,688M	1,725M	766M	486M	452M	614M	431M	81M	137M	109M	311M
Return on Free Cash Flow	65.38%	63.44%	48.70%	61.89%	40.22%	85.93%	30.36%	85.93%	30.36%	79.86%	70.47%	50.57%	25.52%	29.40%	148.68%	30.86%	-64.69%	79.07%	34.33%	113.58%	124.56%	89.90%	96.29%	-54.32%	60.58%	-145.87%	-80.71%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	TTM	TTM-1	2025-11-02	2024-11-03	2023-10-29	2022-10-30	2021-10-31	2020-11-01	2019-11-03	2018-11-04	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31	2011-10-31	2010-10-31	2009-10-31	2008-10-31	2007-10-31	2006-10-31
Net Income	14,368M	12,267M	7,966M	5,529M	4,149M	23,126M	5,844M	23,126M	5,895M	14,082M	11,495M	6,736M	2,960M	2,724M	12,610M	1,894M	-1,861M	1,364M	245M	552M	563M	552M	415M	-44M	83M	-159M	-253M
EBITDA	26,642M	22,755M	15,310M	10,601M	8,015M	34,223M	23,879M	35,494M	23,879M	20,554M	19,155M	14,691M	11,125M	9,451M	9,233M	7,005M	2,516M	2,620M	1,077M	757M	742M	722M	599M	201M	305M	73M	105M
Return on EBITDA	52.78%	52.84%	40.93%	47.29%	16.26%	67.57%	24.47%	65.15%	24.69%	68.51%	60.01%	45.85%	26.61%	28.82%	136.58%	27.04%	-73.97%	52.06%	22.75%	72.92%	75.88%	76.45%	69.28%	-21.89%	27.21%	-217.81%	-240.95%
(-) Tax Adjustment	3,263M	2,259M	-806M	-517M	-385M	-598M	9,026M	-620M	9,026M	1,382M	1,447M	63M	-2,359M	-2,165M	-16,422M	134M	1,459M	136M	104M	21M	28M	12M	-13M	45M	15M	3M	2M
Return on (-) Tax Adjustment	-881.96%	1,768.95%	979.90%	1,360.77%	0.44%	-3,868.76%	64.75%	-3,730.23%	65.31%	1,019.04%	794.64%	10,695.98%	-125.48%	-125.80%	-76.79%	1,409.83%	-127.54%	1,004.92%	235.76%	2,588.64%	2,017.61%	4,765.65%	-3,125.39%	-98.51%	544.26%	-5,771.92%	-11,951.24%
(-) Change In Working Capital	-4,927M	-3,312M	-1,673M	-1,124M	-832M	-8,500M	-4,637M	-8,500M	-4,637M	-1,643M	-1,654M	-127M	1,093M	-184M	-826M	-735M	483M	-166M	251M	-91M	-87M	-35M	-99M	-6M	-34M	-3M	355M
Return on (-) Change In Working Capital	-418.76%	-1,451.04%	-1,063.45%	-945.96%	-444.53%	-272.07%	-126.03%	-272.07%	-127.13%	-857.09%	-694.98%	-5,303.94%	270.81%	-1,480.43%	-1,526.63%	-257.69%	-385.30%	-821.69%	97.61%	-606.59%	-647.13%	-1,577.14%	-419.19%	733.33%	-244.12%	5,300.00%	-71.27%
(-) Capital Expenditure	-541M	-498M	-581M	-494M	-385M	-623M	-548M	-623M	-548M	-452M	-424M	-443M	-463M	-432M	-635M	-1,069M	-723M	-593M	-409M	-236M	-241M	-112M	-79M	-58M	-71M	-37M	-59M
Return on (-) Capital Expenditure	-2,634.42%	-2,426.98%	-1,531.03%	-1,104.04%	-813.42%	-3,712.04%	-1,066.42%	-3,712.04%	-1,075.73%	-3,115.49%	-2,711.08%	-1,520.54%	-639.31%	-630.56%	-1,985.83%	-177.17%	257.40%	-230.02%	-59.90%	-233.90%	-233.61%	-492.86%	-525.32%	75.86%	-116.90%	429.73%	428.81%
Unlevered Free Cash Flow	27,765M	23,309M	17,208M	11,749M	8,847M	42,698M	18,942M	43,991M	18,942M	20,363M	18,938M	14,312M	11,928M	11,368M	25,846M	6,537M	-149M	2,057M	313M	591M	560M	633M	632M	104M	253M	36M	-311M
Return on Unlevered Free Cash Flow	50.95%	52.12%	163.49%	137.37%	87.98%	54.16%	30.85%	52.57%	31.12%	69.15%	60.70%	47.07%	24.82%	23.96%	48.79%	28.98%	1,247.79%	66.30%	78.26%	93.45%	100.52%	87.15%	65.64%	-42.17%	32.84%	-438.68%	81.32%
(-) Net Interest Income After Taxes	-2,151M	-1,965M	-1,564M	-1,061M	-816M	-3,212M	-2,427M	-3,266M	-2,172M	-1,014M	-1,513M	-1,861M	-2,090M	-1,654M	-1,428M	-402M	-242M	-174M	-94M	2M	3M	-3M	-35M	-60M	-82M	-105M	-140M
Return on (-) Net Interest Income After Taxes	-789.44%	-697.97%	-437.96%	1,584.91%	1,144.18%	-719.96%	-240.84%	-708.07%	-271.39%	-1,388.87%	-759.56%	-361.96%	-141.66%	-164.65%	-882.91%	-470.98%	770.50%	-786.08%	-260.74%	28,400.00%	19,500.00%	-18,700.00%	-1,194.12%	73.47%	-101.59%	151.59%	180.56%
Net Debt Issuance	5,710M	3,023M	4,699M	3,368M	2,534M	-2,812M	20,346M	-2,812M	20,346M	-403M	-426M	-1,591M	7,703M	13,234M	-973M	3,718M	8,193M	-1,817M	5,588M	-2M	-2M	-233M	-366M	-115M	-202M	-108M	941M
Return on Net Debt Issuance	-1,429.24%	-1,481.89%	-861.82%	-4,311.72%	-3,233.58%	-822.40%	28.72%	-822.40%	28.97%	-3,494.29%	-2,698.36%	-423.38%	38.43%	20.58%	-1,295.99%	50.94%	-22.71%	-75.07%	4.38%	-27,600.00%	-28,150.00%	-236.91%	-113.39%	38.26%	-41.09%	147.22%	-26.89%
Levered Free Cash Flow	35,627M	28,297M	23,471M	16,177M	12,197M	43,098M	41,715M	44,445M	41,460M	20,974M	20,026M	14,582M	21,720M	26,257M	26,302M	10,657M	8,285M	414M	5,995M	587M	555M	403M	301M	49M	132M	33M	770M
Return on Levered Free Cash Flow	44.46%	47.40%	30.42%	64.69%	28.43%	53.66%	14.01%	52.03%	14.22%	67.14%	57.40%	46.19%	13.63%	10.37%	47.94%	17.77%	-22.46%	329.64%	4.09%	94.08%	101.40%	136.85%	137.86%	-89.39%	62.67%	-479.90%	-32.86%