Intercontinental Exchange, Inc. (ICE) Stock Analysis

Analysis from 10-Q filed 2025-10-30. Data as of Q1 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC N/A. FCF margin 35.7%. D/E 0.8x. Source: 10-Q filed 2025-10-30.

Metric	Value	Context
ROIC	N/A	Below expectations
FCF Margin	35.7%	Strong cash generation
Debt/Equity	0.8x	Moderate leverage

FCF margin 35.7% — Top 25%.

Explore Intercontinental Exchange, Inc.: Earnings History | Filings | ROIC Analysis

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for ICE: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: Intercontinental Exchange, Inc. earns N/A ROIC

ROIC TTM N/A, sector median 20.8%. Source: 10-Q filed 2025-10-30.

Metric	ICE	Rating	Context
Return on Invested Capital (ROIC)	N/A	Red flag	Below sector median of 20.8%
Return on Equity (ROE)	13.7%	Adequate	Moderate equity returns

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Cash Flow: Intercontinental Exchange, Inc. generates $4.7B FCF at 35.7% margin, positive NaN/8 quarters

FCF TTM $4.7B. FCF margin 35.7%, Top 25%. OCF/Net income 1.3x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-10-30.

Metric	ICE	Rating	Context
Free Cash Flow Margin	35.7%	Excellent	Excellent cash conversion
Free Cash Flow (TTM)	$4.7B	Good	Positive cash generation
OCF/Net Income	1.3x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: Intercontinental Exchange, Inc. at 0.8x leverage

Debt/Equity 0.8x. Net cash $97.3B. Source: 10-Q filed 2025-10-30.

Metric	ICE	Rating	Context
Debt to Equity	0.8x	Adequate	Moderate leverage
Net Cash Position	$97.3B	Excellent	Net cash positive

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Valuation: Intercontinental Exchange, Inc. trades at 22.8x earnings

P/E 22.8x. EV/Sales 1.6x. FCF yield 5.2%. Dividend yield 1.2%. Source: 10-Q filed 2025-10-30.

Metric	ICE	Rating	Context
P/E Ratio	22.8x	Adequate	Premium valuation
EV/Sales	1.6x	Excellent	Attractive revenue multiple
FCF Yield	5.2%	Good	Attractive cash return
Dividend Yield	1.2%	Adequate	Growth focus over income

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Capital Allocation: Intercontinental Exchange, Inc. returns 3.0% shareholder yield

Total shareholder yield 3.0% (div 1.2% + buyback 1.8%). Capital returned $2.7B TTM. Source: 10-Q filed 2025-10-30.

Metric	ICE	Rating	Context
Total Shareholder Yield	3.0%	Good	Dividend + buyback yield combined
Buyback Yield	1.8%	Adequate	Minimal buyback activity
Total Capital Returned (TTM)	$2.7B	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Free Cash Flow Margin	35.7%	Top 25%	1.7x above
Return on Equity (ROE)	13.7%	Top 50%	1.3x above
P/E Ratio	22.8x	N/A	-

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Financial Scorecard

Metric	ICE	Rating	Sector Context
Free Cash Flow Margin	35.7%	Excellent	Top 25% of sector (median: 21.0%)
Debt to Equity Ratio	75.0%	Adequate	Elevated but manageable
P/E Ratio (Price-to-Earnings)	22.8x	Adequate	Fair value
Free Cash Flow Yield	5.2%	Good	Solid cash yield

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Frequently Asked Questions

Q: What is Intercontinental Exchange, Inc.'s Return on Invested Capital (ROIC)?

Intercontinental Exchange, Inc. (ICE) has a trailing twelve-month Return on Invested Capital (ROIC) of N/A. Sector median 20.8%. Source: 10-Q filed 2025-10-30.

Q: What is Intercontinental Exchange, Inc.'s Free Cash Flow Margin?

Intercontinental Exchange, Inc. (ICE) has a free cash flow margin of 35.7%, generating $4.7 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-10-30.

Q: What is Intercontinental Exchange, Inc.'s P/E ratio and how does it compare to peers?

Intercontinental Exchange, Inc. (ICE) trades at a P/E ratio of 22.8x, which is above the sector median of N/A. EV/Sales 1.6x. FCF yield 5.2%. Source: 10-Q filed 2025-10-30.

Q: Does Intercontinental Exchange, Inc. pay a dividend?

Intercontinental Exchange, Inc. (ICE) currently pays a dividend yield of 1.2%. Total shareholder yield (dividend + buybacks) 3.0%. Source: 10-Q filed 2025-10-30.

Q: How much debt does Intercontinental Exchange, Inc. have?

Intercontinental Exchange, Inc. (ICE) has a debt-to-equity ratio of 0.8x with total debt of $22.1 billion. Net cash position $97.3 billion. Source: 10-Q filed 2025-10-30.

Q: What is Intercontinental Exchange, Inc.'s revenue and earnings growth?

Intercontinental Exchange, Inc. (ICE) grew revenue by 7.3% year-over-year. EPS +42.1% YoY. Source: 10-Q filed 2025-10-30.

Q: Is Intercontinental Exchange, Inc. buying back stock?

Intercontinental Exchange, Inc. (ICE) repurchased $1.6 billion of stock over the trailing twelve months. This represents a buyback yield of 1.8%. Source: 10-Q filed 2025-10-30.

Q: How does Intercontinental Exchange, Inc. compare to competitors in Financials?

Compared to other companies in Financials, Intercontinental Exchange, Inc. (ICE) shows: ROIC N/A, sector median 20.8% (NaNx). FCF margin 35.7%, sector median 21.0% (Top 25%). These rankings are based on MetricDuck's analysis of all Financials companies with available SEC filings.

Q: What warning signs should I watch for with Intercontinental Exchange, Inc.?

No quantitative warning flags fired for Intercontinental Exchange, Inc. (ICE) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-Q filed 2025-10-30.

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Data Source: Data sourced from 10-Q filed 2025-10-30. TTM metrics as of Q1 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.