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Introduction Intercontinental Exchange, Inc. is a leading global provider of technology and data to a broad range of customers including financial institutions, corporations and government entities. Our products, which span major asset classes including futures, equities, fixed income and U.S. residential mortgages, provide our customers with access to mission critical tools that are designed t…
39.00% operating margin is above average. ROIC at 7.78%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 7.5%, steady but not accelerating.
Net debt of $20.51B represents 4.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$13.08B
▲ +7.5% YoY
Net Income (TTM)
$3.93B
▲ +20.4% YoY
Op. Margin
41.09%
▲ +2.4pp YoY
ROIC
8.28%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4.67B
▲ +2.0% YoY
Op. Cash Flow (TTM)
$5.02B
▲ +1.1% YoY
Net Debt
$21.87B
Cash & Equiv.
$863M
5Y CAGR: +8.9%
5Y CAGR: +9.9%
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