|FDS Overview
FDS

FACTSET RESEARCH SYSTEMS INC

Technology • CIK: 0001013237

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Market Cap
$10.47B
P/E (TTM)
17.5x
Rev Growth (TTM)
+5.9%
Net Margin (TTM)
25.4%
FCF Yield (TTM)
6.2%
FCF Margin (TTM)
27.4%

LATEST EARNINGS

Q1 FY2026
2 months ago
View source
Revenue
$607.62M
+6.9%
Net Income
$152.58M
+1.7%
EPS
$4.06
+4.4%
Operating
31.6% -2.0%
  • GAAP revenues increased 6.9% to $607.6 million, driven by institutional buy-side and dealmakers clients.
  • Organic ASV grew 5.9% year over year to $2,389.6 million, indicating continued subscription value.
  • Net cash provided by operating activities increased 40.4% to $121.3 million.
  • Free cash flow increased 49.5% to $90.4 million.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$647M
Q1 '26
$90M-49%
Q4 '25
$178M-22%
FCF Margin
TTM27.4%
Q1 '2614.9%-50%
Sector: 14.5%Top 25%
OCF Margin32.2%
OCF/NI1.27x
CapEx Coverage6.7x
FCF Yield6.2%
FCF Growth (2Y)+8%
Cash Conversion Cycle
42 days
DSO: 42+DIO: 0DPO: 0

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM5.3%
Div Yield1.6%
+
Buyback (TTM)3.7%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)1.6%
FCF Payout Ratio25.3%
Free Cash Flow (TTM)$647.4M
Stock Repurchases (TTM)$391.6M
Capital Return / FCF85.5%
Est. Dividends Paid (TTM)$163.9M
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
17.1%
Stable
-0.0% YoY-0.9%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
26.0%
8Q: 27.3%
Asset Turnover
0.55x
8Q: 0.55x
Leverage (1+D/E)
1.63x
D/E: 0.63x
DuPont: 23.5%17.1% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
28.81x
8Q:28.02x
+234.0%
Invested Cap Turn
0.66x
8Q:0.66x
Flat
CapEx Intensity
3.2%
8Q:3.0%
CapEx/Depreciation
0.68x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024
Revenue
$2.4B
$607.6M1.8%
$596.9M1.9%
$585.5M2.6%
$570.7M0.4%
$568.7M1.2%
$562.2M1.7%
$552.7M1.2%
$545.9M
Operating Income
$749.0M
$192.1M8.3%
$177.3M8.7%
$194.2M4.7%
$185.5M3.1%
$191.3M49.6%
$127.9M36.8%
$202.5M11.3%
$181.9M
Net Income
$599.6M
$152.6M0.7%
$153.6M3.4%
$148.5M2.5%
$144.9M3.4%
$150.0M67.6%
$89.5M43.4%
$158.1M12.2%
$140.9M
Operating Cash Flow
$761.2M
$121.3M42.8%
$212.1M16.4%
$253.8M45.9%
$174.0M101.4%
$86.4M47.1%
$163.2M31.5%
$238.2M65.7%
$143.8M
Free Cash Flow
$647.4M
$90.4M49.2%
$178.1M22.1%
$228.6M52.2%
$150.2M148.3%
$60.5M55.9%
$137.2M36.7%
$216.9M78.0%
$121.9M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
17.5x
Volatile
8Q: 119.0x-5157%
Valuation Lenses
Earnings
17.5x
vs sector
Cash Flow
26.1x
EV/FCF vs
Growth-Adj
1.4xPEG
Fair for growth
Quality-Adj
1.0P/E per %ROIC
ROIC: 17.1%
Shareholder Returns
Dividend
1.6%
Buyback
3.7%
Total Yield
5.3%
Market Cap$10.47B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
96/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 25%
28.3%
8Q:
Return on Invested Capital (ROIC)Top 25%
17.1%
8Q:
Flat
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 26.0%
Asset Turnover: 0.55x

Earnings Quality

Cash Conversion

1.27x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin52.3%

Capital Efficiency

Invested Capital Turnover0.66x

Working Capital

Cash Conversion Cycle42 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
60/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
5.9%
OpInc Growth YoY
0.4%
EPS Growth YoY
12.5%
FCF 3Y CAGR
8.2%

Margin Quality & Sustainability

High Quality
Profitability Cascade
Gross
52.3%
Operating
31.7%
Top 25% in sector
Net
25.4%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+2.0 pts
FCF: 27.4% | Net: 25.4%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Adequate
Net Debt / EBITDA
Net Debt: $1.07B
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.63x
Balance sheet risk & solvency analysis