Financials · Financial Exchanges & Data · US stock · price as of 16 Oct 2026
Key indicators
Price
$301.67
52-week range
$182.47 – $320.48
Market cap
$10.9B
P/E (trailing)
19.9×
EV / EBITDA
13.4×
Free-cash-flow yield
6.5%
Dividend yield
1.5%
Revenue (last 12 months)
$2.4B
Revenue growth (3y a year)
8.0%
Operating margin
29.6%
Return on invested capital
17.8%
Net debt / EBITDA
1.4×
Fair value
Blended fair value$425.83 range $342 – $449
Versus priceFair+41% to fair value
Peer multiples
$212.15
Fundamentals-adjusted multiple
$393.40
10-year DCF (market-scaled)
$671.92
Earnings power value (floor, not blended)
$222.69
Model uncertainty
Medium
X-Ray Score
59/ 100 · High confidence · ahead of 76% of sector peers
Valuation65
Growth51
Profitability71
Financial health46
Dividends56
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
FactSet provides financial data, analytics and software to investment professionals. Its subscription platform combines market data, company information, portfolio tools and research workflows used by asset managers, banks, wealth advisors and corporate clients. Revenue comes mostly from recurring subscription contracts that renew on a regular basis, so results depend on the number of users, the products they take up and the clients' retention.
The company reported revenue of $2.4 billion for the last twelve months. Revenue growth over three years averaged 8.0% a year. Operating margin is 29.6% and return on invested capital is 18%. Net debt to EBITDA is 1.4 times. It pays a dividend with a yield of 1.5%. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
StocksXray gives Factset Research Systems Inc an X-Ray Score of 59 out of 100 (high confidence), ahead of 76% of the S&P 500 stocks in its sector. Its strongest lens is profitability (71) and its weakest is financial health (46).
Our fair value blend is $425.83 (range $342.22 to $448.75). At $301.67 the stock trades 29% below that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Factset Research Systems Inc (FDS)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$360.26
$413.99
$420.65
$411.39
$366.75
$301.67
Market cap
$13.9B
$16.0B
$16.4B
$15.9B
$14.1B
$10.9B
P/E
34.8×
40.4×
34.9×
29.6×
23.6×
19.9×
EV / revenue
8.6×
9.5×
8.4×
7.6×
6.5×
4.9×
EV / EBITDA
25.5×
31.1×
23.8×
20.3×
16.7×
13.4×
Price / free cash flow
28.1×
32.9×
28.0×
25.8×
22.8×
15.4×
Free-cash-flow yield
3.6%
3.0%
3.6%
3.9%
4.4%
6.5%
Price / book
13.7×
12.0×
10.1×
8.3×
6.4×
5.4×
Dividend yield
–
–
–
–
–
1.50%
Fundamentals checklist ● 5 Good · ● 9 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−6.3%Good
Free-cash-flow yield6.5%Average
Risk models
Altman Z score3.6×Good
Piotroski F-Score7 of 9Average
Growth
EPS growth (3y)14.9%Average
Free-cash-flow growth (3y)8.2%Average
Revenue growth (3y)8.0%Average
Growth consistency100%Good
Balance sheet
Current ratio0.7×Bad
Net debt / EBITDA1.4×Average
Interest cover13.6×Bad
Valuation
Fair value vs price1.4×Good
EBIT / EV yield5.9%Average
Profitability
Return on invested capital17.8%Average
Operating margin29.6%Average
Gross profitability29.9%Good
XStocksXray
Factset Research Systems Inc (FDS)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
1,591
1,844
2,086
2,203
2,322
2,438
Gross profit
805
973
1,112
1,191
1,224
1,253
Operating income
474
475
629
701
748
721
Net income
400
397
468
537
597
566
Diluted EPS ($)
10.36
10.25
12.04
13.91
15.55
15.17
Free cash flow
494
487
585
615
617
708
Gross margin
50.6%
52.8%
53.3%
54.1%
52.7%
51.4%
Operating margin
29.8%
25.8%
30.2%
31.8%
32.2%
29.6%
Net margin
25.1%
21.5%
22.4%
24.4%
25.7%
23.2%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
2,225
4,014
3,963
4,055
4,304
4,192
Cash
682
503
425
423
338
288
Total debt
575
1,982
1,613
1,366
1,368
1,390
Equity
1,016
1,331
1,620
1,912
2,186
2,032
Dividend per share ($)
–
–
–
–
–
4.46
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.