Factset Research Systems
Services-Computer Programming, Data Processing, Etc.
FactSet provides financial data and portfolio analytics to the global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations.
It is a $10.2B technology company. Revenue grew 6.7% over the last year, it keeps 22¢ of every dollar of sales as profit, and its net debt equals ~1.8 years of free cash flow. It trades at 19.1× earnings — in the cheapest third of its own history.
- Website
- factset.com
- Location
- Norwalk, CT
- Employees
- 12 694
- Sector
- Technology
- Founded
- 1978
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, profitability, quality and moat.
Valuation85
- P/E vs own history13th pct · 25/25
- FCF yield6.9% · 20/25
- P/S4.1x · 20/25
- EV/EBITDA12.9x · 20/25
Growth61
- Revenue CAGR7.7% · 12/25
- Net income CAGR7.7% · 12/25
- EPS CAGR ~5Y7.1% · 12/25
- Fwd implied growth36.3% · 25/25
Profitability95
- ROIC16.3% · 20/25
- ROE25.6% · 25/25
- Net margin21.5% · 25/25
- Operating margin28.3% · 25/25
Health55
- Altman Z3.98 · 25/25
- Current ratio0.60 · 0/25
- Interest coverage13.8x · 25/25
- Net cash / debtD/A 31% · 5/25
Quality90
- Piotroski F5/9 · 15/25
- Beneish M-2.95 · 25/25
- FCF conversion125% · 25/25
- Margin stabilityσ 2.2% · 25/25
Moat95
- ROIC >12% years11/11 yrs · 25/25
- Median gross margin53.3% · 20/25
- FCF-positive years11/11 yrs · 25/25
- Worst-year net marginworst 19.8% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$597M net income
- Dec 27, 2021AcquisitionFactSet announced its plans to acquire CUSIP Global Services, the exclusive provider of CUSIP…
- FY2020FinancialBecame debt-freecash now exceeds total debt
- FY2016FinancialProfitable every year on record11 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$1.13B in first reported year
- FY2016FinancialPositive free cash flow every year since11-year streak
- Feb 9, 2015AcquisitionFactSet acquired Code Red Inc, a provider of Research Management technology to the financial…
- 2013AcquisitionFactSet acquired Revere Data, a provider of a line-of-business industry taxonomy, now branded FactSet Revere
- 2012AcquisitionFactSet acquired StreetAccount, which provides real-time company updates, portfolio and sector…
- 2010AcquisitionFactSet acquired Market Metrics, a market research firm situated in the United States that is solely…
- 2008AcquisitionFactSet acquired a copy of the Thomson Reuters WorldScope database
- 1999ProductFactSet introduced 24-hour live telephone support in 1999
- 1995MilestoneThe company changed its name in June 1995 to FactSet Research Systems Inc
- 1990ProductFactSet for Windows was released
- 1978FoundedFactSet was founded by Howard Wille and Chuck Snyder in 1978
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (50.6%)
- Strongly profitable — 21.5% net margin
- Strong cash conversion — FCF is 28.6% of revenue
- Could repay net debt from ~1.8 years of free cash flow
- Interest covered 13.8× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+6.7% YoY
- Profitable — makes more than it spends$533M TTM
- Profit growing — earnings are higher than last year+6.6% YoY
- Generates cash — cash left after running and investing$707M TTM
- Debt under control — could handle its obligations~1.8y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$10.2B market cap
- Not printing shares — share count not ballooning — you keep your slice-5.1% shares over ~5y
- Proven track record — years of profitability behind it11/11 profitable years
- Financially stable — balance sheet not near distressAltman Z 4.0 — safe
- Pays a dividend — returns cash to shareholdersyield 1.61%
- Valuation not extreme — price not wildly above earningsP/E 19.1
Peer comparisonFactset Research Systems vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| FDS this company | $10.2B | 19.1 | +6.7% | 21.5% | Solid |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: FDS vs NVDA · FDS vs AAPL · FDS vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/FDS
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of FDS on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $287.18 · market cap $10.2B.