FactSet

Financials Financial Exchanges & Data Norwalk, Connecticut Last filing Oct 22, 2025 · FY2025

                    Revenue
                    FY2025
                
$2.3B
                    3y CAGR +8.0%
                    
                    P21
                    
                    +5.4%
                    
                    Net income
                    FY2025
                
$597.0M
                    Net margin +25.7%
                    
                    P60
                    
                    +11.2%
                    
                    Total assets
                    FY2025
                
$4.3B
                    ROA +13.9%
                    
                    P91
                    
                    +6.1%
                    
                    Operating cash flow
                    FY2025
                
$726.3M
                    FCF margin +26.6%
                    
                    P44
                    
                    +3.7%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 3 years

Total assets $4.3B

Total liabilities $2.1B

Shareholders equity $2.2B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	14.5%	19.2%	20.4%
Short Term Investments	0.8%	3.2%	1.5%
Accounts Receivable	11.7%	10.4%	11.4%
Prepaid Expenses	4.5%	5.2%	3.6%
Total Current Assets	31.4%	37.9%	36.9%
Property,Plant and Equipment	3.7%	3.7%	4.1%
Operating Lease Assets	5.2%	5.9%	6.8%
Goodwill	55.3%	45.9%	48.2%
Intangible Assets	82.5%	83.7%	89.1%
Deferred Tax Assets	2.6%	2.8%	1.3%
Other Noncurrent Assets	4.5%	4.1%	3.5%
Total Assets	185.4%	184.1%	190.0%
Liabilities
Accounts Payable	5.8%	8.1%	5.8%
Accrued Liabilities	8.0%	7.9%	8.7%
Deferred Revenue	7.2%	7.3%	7.3%
Current Portion of Long Term Debt	0.0%	5.7%	0.0%
Operating Lease Liabilities	1.4%	1.4%	1.4%
Total Current Liabilities	22.5%	30.3%	23.2%
Long Term Debt	58.9%	56.3%	77.3%
Deferred Revenue Noncurrent	0.0%	0.1%	0.2%
Operating Lease Liabilities Noncurrent	6.8%	8.1%	9.5%
Deferred Tax Liabilities	0.6%	0.4%	0.3%
Other Noncurrent Liabilities	2.4%	2.1%	1.8%
Total Liabilities	91.2%	97.3%	112.3%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	69.9%	67.1%	63.5%
Retained Earnings	100.1%	85.7%	72.2%
Treasury Stock	73.0%	62.4%	53.8%
Accumulated Other Comprehensive Income	-2.7%	-3.6%	-4.2%
Total Stockholders Equity	94.2%	86.8%	77.7%
Total Liabilitiesand Equity	185.4%	184.1%	190.0%

Income Statement

Revenue, expense, and profitability

14 accounts · 3 years

Revenue $2.3B

Operating income $748.3M

Net income $597.0M

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	47.3%	45.9%	46.7%
Expenses Selling,General and Administrative	20.5%	22.2%	23.2%
Other Income Expense Operating Income	32.2%	31.8%	30.2%
Other Income Expense Interest Income	0.3%	0.7%	0.6%
Other Income Expense Interest Expense	2.4%	3.0%	3.2%
Other Income Expense Other Income/expense	1.0%	0.1%	0.4%
Other Income Expense Income Before Tax	31.1%	29.6%	28.0%
Income Tax Income Tax Expense	5.3%	5.2%	5.6%
net Income net Income	25.7%	24.4%	22.4%
net Income Comprehensive Income	26.4%	24.7%	23.5%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	1.7%	1.8%	1.9%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 3 years

Operating cash flow $726.3M

Investing cash flow $-392.8M

Financing cash flow $-407.8M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	25.7%	24.4%	22.4%
Operating Activities Depreciation and Amortization	8.1%	7.1%	6.6%
Operating Activities Stock Based Compensation	2.6%	2.9%	3.0%
Operating Activities Deferred Income Taxes	-0.2%	-1.5%	-1.5%
Operating Activities Changes In Operating Assets and Liabilities	-4.6%	-1.3%	-0.8%
Operating Activities Other Non Cash Items	-0.5%	0.2%	1.2%
Operating Activities net Cash From Operating Activities	31.3%	31.8%	31.0%
Investing Activities Capital Expenditures	-4.7%	-3.9%	-2.9%
Investing Activities Business Acquisitions	-15.0%	0.0%	-1.1%
Investing Activities Purchases of Investments	-0.8%	-2.7%	-0.5%
Investing Activities Proceeds From Sale of Investments	2.5%	—	—
Investing Activities Other Investing Activities	1.1%	—	—
Investing Activities net Cash From Investing Activities	-16.9%	-6.6%	-4.6%
Financing Activities Proceeds From Debt	34.6%	0.0%	0.0%
Financing Activities Repayment of Debt	-34.7%	-11.3%	-18.0%
Financing Activities Repurchase of Common Stock	-12.9%	-10.7%	-8.5%
Financing Activities Dividends Paid	-6.9%	-6.8%	-6.6%
Financing Activities Proceeds From Stock Issuance	3.5%	4.2%	3.5%
Financing Activities Other Financing Activities	-1.2%	-0.8%	-0.7%
Financing Activities net Cash From Financing Activities	-17.6%	-25.5%	-30.3%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	0.1%	0.2%
Cash Reconciliation net Change In Cash	-3.1%	-0.1%	-3.7%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+52.7%	+54.1%	+53.3%
Operating margin	+32.2%	+31.8%	+30.2%
Net margin	+25.7%	+24.4%	+22.4%
FCF margin	+26.6%	+27.9%	+28.0%
Growth
Revenue CAGR (3y)	+8.0%	+11.4%	+11.8%
Returns
ROE	+27.3%	+28.1%	+28.9%
ROA	+13.9%	+13.2%	+11.8%
ROIC	+19.3%	+20.2%	+18.0%
Liquidity
Current ratio	1.40x	1.25x	1.59x
Quick ratio	1.17x	0.98x	1.37x
Leverage
D/E	0.97x	1.12x	1.45x
Interest coverage	13.29x	10.66x	9.49x
Efficiency
Asset turnover	0.54x	0.54x	0.53x
Cash conversion cycle	—	—	—

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