Information Technology · Application Software · US stock · price as of 16 Oct 2026
Key indicators
Price
$771.19
52-week range
$586.05 – $1,858.91
Market cap
$17.5B
P/E (trailing)
22.5×
EV / EBITDA
18.2×
Free-cash-flow yield
5.7%
Dividend yield
–
Revenue (last 12 months)
$2.4B
Revenue growth (3y a year)
13.1%
Operating margin
51.7%
Return on invested capital
76.5%
Net debt / EBITDA
4.3×
Fair value
Blended fair value$928.35 range $881 – $984
Versus priceFair+20% to fair value
Peer multiples
$1,279.35
Fundamentals-adjusted multiple
$765.22
10-year DCF (market-scaled)
$740.49
Earnings power value (floor, not blended)
$106.00
Model uncertainty
Medium
X-Ray Score
70/ 100 · High confidence · ahead of 93% of sector peers
Valuation77
Growth65
Profitability84
Financial health47
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Fair Isaac provides analytics software and credit scoring. Its FICO Score is widely used by lenders to judge the credit risk of consumers, and the company also sells decision management software to banks, insurers and other businesses. Revenue comes from fees charged for scores, which are paid by credit bureaus and lenders, and from software licenses and subscriptions.
Over the last twelve months Fair Isaac Corp reported revenue of $2.4 billion. Over three years revenue has grown by 13.1% a year. The operating margin is 51.7%. Return on invested capital is 76%. Net debt to EBITDA is 4.3 times. It does not pay a dividend. Return on invested capital describes how much profit the business earns relative to the money put into it.
StocksXray gives Fair Isaac Corp an X-Ray Score of 70 out of 100 (high confidence), ahead of 93% of the S&P 500 stocks in its sector. Its strongest lens is profitability (84) and its weakest is financial health (47).
Our fair value blend is $928.35 (range $880.93 to $984.09). At $771.19 the stock trades 17% below that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Fair Isaac Corp (FICO)
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
$397.93
$412.01
$868.53
$1,943.52
$1,496.53
$771.19
Market cap
$11.6B
$10.9B
$22.0B
$48.7B
$36.8B
$17.5B
P/E
29.7×
29.1×
51.3×
95.0×
56.4×
22.5×
EV / revenue
9.7×
9.1×
15.7×
29.6×
19.9×
9.5×
EV / EBITDA
23.9×
22.3×
36.1×
68.0×
42.2×
18.2×
Price / free cash flow
28.0×
21.6×
47.4×
78.1×
47.7×
17.6×
Free-cash-flow yield
3.6%
4.6%
2.1%
1.3%
2.1%
5.7%
Price / book
–
–
–
–
–
–
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 11 Good · ● 2 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−9.2%Good
Free-cash-flow yield5.7%Good
Risk models
Altman Z score12.2×Good
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)23.2%Good
Free-cash-flow growth (3y)15.2%Average
Revenue growth (3y)13.1%Average
Growth consistency100%Good
Balance sheet
Current ratio1.2×Bad
Net debt / EBITDA4.3×Bad
Interest cover6.6×Bad
Valuation
Fair value vs price1.2×Good
EBIT / EV yield5.4%Good
Profitability
Return on invested capital76.5%Good
Operating margin51.7%Good
Gross profitability100.0%Good
Red flags
Negative equity — Book equity is negative
XStocksXray
Fair Isaac Corp (FICO)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
1,317
1,377
1,514
1,718
1,991
2,394
Gross profit
984
1,075
1,203
1,369
1,637
2,037
Operating income
505
542
643
734
925
1,236
Net income
392
374
429
513
652
815
Diluted EPS ($)
13.40
14.18
16.93
20.45
26.54
34.33
Free cash flow
416
503
465
624
770
996
Gross margin
74.7%
78.1%
79.4%
79.7%
82.2%
85.1%
Operating margin
38.4%
39.4%
42.5%
42.7%
46.5%
51.7%
Net margin
29.8%
27.1%
28.4%
29.9%
32.7%
34.1%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
1,568
1,442
1,575
1,718
1,868
2,037
Cash
195
133
137
151
134
248
Total debt
1,259
1,854
1,862
2,209
3,056
5,582
Equity
-111
-802
-688
-963
-1,746
-4,097
Dividend per share ($)
–
–
–
–
–
–
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.