FactSet (FDS)
Financials · $9.9B market cap · SEC CIK 0001013237
fundamentals score out of 100
Next reports on Mar 29, 2027, with analysts expecting $4.94 in earnings per share.
The case for FDS
- Earns 27% back on shareholder equity.
- 23% of revenue drops through to net profit.
- Reasonably priced at 17.5× earnings.
- Moves less than the market (beta 0.72).
The case against
- Weakest against its peers: price/sales of 4.1× is higher than 75% of Financials companies.
- Its weakest area is growth (45/100): revenue +6.6%, EPS +9.5%, +9.2% a year over five years.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 47 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 45 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 72 |
| Momentumhow the price has behaved lately | 67 |
| Stabilityhow violently it moves, what it owes and what it pays you | 45 |
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 74 Financials companies.
Key numbers
| Price / earnings | 17.5× |
|---|---|
| Price / book | 4.86× |
| Price / sales | 4.1× |
| Revenue growth (YoY) | +6.6% |
| EPS growth (YoY) | +9.5% |
| Gross margin | 51% |
| Operating margin | 30% |
| Net margin | 23% |
| Return on equity | 27% |
| Debt / equity | 0.68× |
| Current ratio | 0.68 |
| Dividend yield | 0.85% |
| Beta | 0.72 |
| 52-week range | $185.00 – $320.48 |
| Position in that range | 67% of the way up |
| 3-month return | +28.4% |
| 1-year return | -1.7% |
Five years of financials, as filed
Pulled from FactSet's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.2B | $2.1B | $1.8B | $1.6B |
| Operating income | $748M | $701M | $629M | $475M | $474M |
| Net income | $597M | $537M | $468M | $397M | $400M |
| Operating cash flow | $726M | $700M | $646M | $538M | $555M |
| Capital expenditure | $109M | $85.7M | $60.8M | $51.2M | $61.3M |
| Total assets | $4.2B | $4.0B | $4.0B | $4.0B | $2.3B |
| Total liabilities | $2.1B | $2.1B | $2.3B | $2.5B | $1.2B |
| Shareholder equity | $2.2B | $2.0B | $1.7B | $1.5B | $1.1B |
| Cash | $275M | $289M | $412M | $437M | $674M |
| Long-term debt | $1.4B | $1.3B | $1.6B | $1.9B | $575M |
| Free cash flow | $617M | $615M | $585M | $487M | $494M |
| Operating margin | 32.2% | 31.8% | 30.2% | 25.8% | 29.8% |
| Net margin | 25.7% | 24.4% | 22.4% | 21.5% | 25.1% |
| Diluted shares | 38.4M | 38.6M | 38.9M | 38.7M | 38.6M |
Share count is essentially flat over 4 years.
What FactSet says it does
Business Overview and Business Strategy and Part II, Item 8. Note 17, Segment Information , in the Notes to the Consolidated Financial Statements included in this Annual Report on Form 10-K for more information. 29 Table of Contents Fiscal 2025 in Review Revenues for fiscal 2025 were $2,321.7 million, an increase of 5.4% from the comparable prior year. The growth in revenues was driven by a 4.4% increase in organic revenues, a 0.9% increase from acquisition-related revenues and a net increase of 0.1% from foreign currency exchange rate fluctuations. Revenues increased in all our segments, primarily in the Americas. Revenues increased primarily from workstations and to a lesser extent, CGS and front office solutions. Refer to Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, Non-GAAP Financial Measures, of this Annual Report on Form 10-K for a definition of organic revenues and a…
Risk factors FDS lists in its 10-K
- Management's Discussion and Analysis of Financial Condition and Results of Operations, Non-GAAP Financial Measures,
- Buy-side and Sell-side Organic ASV Growth
- (in thousands, except per share data)
- Selling, general and administrative
- Operating Income and Operating Margin
- Quantitative and Qualitative Disclosures About Market Risk
- Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
- Summary of Significant Accounting Policies
- Property, Equipment and Leasehold Improvements
- Cash and Cash Equivalents and Investments
- Management’s Statement of Responsibility for Financial Statements
- Management’s Report on Internal Control Over Financial Reporting
- Inherent Limitations of Internal Controls over Financial Reporting
- Report of Independent Registered Public Accounting Firm