FactSet Research Systems (FDS) Financials

$463.65 -0.34 (-0.07%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$464.29 +0.64 (+0.14%)

As of 05/23/2025 04:14 PM Eastern

Annual Income Statements for FactSet Research Systems

This table shows FactSet Research Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/31/2024	8/31/2023	8/31/2022	8/31/2021	8/31/2020	8/31/2019	8/31/2018	8/31/2017	8/31/2016	8/31/2015
Net Income / (Loss) Attributable to Common Shareholders	537	468	397	400	373	353	267	258	339	241
Consolidated Net Income / (Loss)	537	468	397	400	373	353	267	258	339	241
Net Income / (Loss) Continuing Operations	537	468	397	400	373	353	267	258	339	241
Total Pre-Tax Income	652	584	444	468	427	422	352	344	461	334
Total Operating Income	701	629	475	474	440	438	366	352	350	332
Total Gross Profit	1,191	1,112	973	805	799	772	691	655	640	601
Total Revenue	2,203	2,086	1,844	1,591	1,494	1,435	1,350	1,221	1,127	1,007
Operating Revenue	2,203	2,086	1,844	1,591	1,494	1,435	1,350	1,221	1,127	1,007
Total Cost of Revenue	1,012	973	871	786	695	663	659	567	487	405
Operating Cost of Revenue	1,012	973	871	786	695	663	659	567	487	405
Total Operating Expenses	490	483	497	331	359	334	325	302	290	270
Selling, General & Admin Expense	485	457	433	331	343	334	325	302	290	270
Impairment Charge	4.68	26	64	0.00	17	-	-	-	-	-
Total Other Income / (Expense), net	-50	-45	-32	-6.39	-13	-16	-14	-7.82	111	1.84
Interest Expense	66	66	36	-	-	-	-	-	-	-
Interest & Investment Income	14	13	6.18	-6.39	-9.83	0.55	1.92	-6.60	-1.14	1.84
Other Income / (Expense), net	1.54	8.26	-2.37	-	-2.70	-17	-16	-1.22	112	0.00
Income Tax Expense	114	116	47	68	54	69	85	86	122	93
Basic Earnings per Share	$14.11	$12.26	$10.48	$10.56	$9.83	$9.25	$6.90	$6.55	$8.29	$5.80
Weighted Average Basic Shares Outstanding	38.06M	38.19M	37.86M	37.86M	37.94M	38.14M	38.73M	39.44M	40.88M	41.57M
Diluted Earnings per Share	$13.91	$12.04	$10.25	$10.36	$9.65	$9.08	$6.78	$6.51	$8.19	$5.71
Weighted Average Diluted Shares Outstanding	38.62M	38.90M	38.74M	38.57M	38.65M	38.87M	39.38M	39.64M	41.37M	42.24M
Weighted Average Basic & Diluted Shares Outstanding	37.99M	37.99M	38.08M	37.64M	37.99M	37.94M	38.70M	39.40M	40.90M	41.60M

This table shows FactSet Research Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Net Income / (Loss) Attributable to Common Shareholders	145	150	89	158	141	149	65	135	132	137	104
Consolidated Net Income / (Loss)	145	150	89	158	141	149	65	135	132	137	104
Net Income / (Loss) Continuing Operations	145	150	89	158	141	149	65	135	132	137	104
Total Pre-Tax Income	172	180	117	191	169	175	107	162	157	158	116
Total Operating Income	185	191	128	202	182	189	116	172	169	172	132
Total Gross Profit	301	310	304	306	291	291	272	288	274	278	257
Total Revenue	571	569	562	553	546	542	536	530	515	505	499
Operating Revenue	571	569	562	553	546	542	536	530	515	505	499
Total Cost of Revenue	270	259	258	247	255	252	264	242	241	227	242
Operating Cost of Revenue	270	259	258	247	255	252	264	242	241	227	242
Total Operating Expenses	116	119	176	103	109	102	156	116	105	106	125
Selling, General & Admin Expense	116	119	173	103	109	102	131	116	105	106	124
Total Other Income / (Expense), net	-13	-12	-11	-12	-13	-14	-8.79	-9.96	-12	-14	-16
Interest Expense	14	14	16	17	17	17	17	16	17	17	-
Interest & Investment Income	0.27	2.70	4.02	4.57	2.85	3.01	4.62	3.08	2.90	2.21	5.21
Other Income / (Expense), net	0.47	0.10	0.80	0.40	0.46	-0.12	3.28	3.31	1.35	0.32	-1.49
Income Tax Expense	27	30	28	32	28	27	42	27	25	21	12
Basic Earnings per Share	$3.81	$3.95	$2.35	$4.15	$3.70	$3.91	$1.71	$3.52	$3.44	$3.59	$2.74
Weighted Average Basic Shares Outstanding	38.02M	38.01M	38.06M	38.09M	38.10M	38.02M	38.19M	38.28M	38.28M	38.12M	37.86M
Diluted Earnings per Share	$3.76	$3.89	$2.33	$4.09	$3.65	$3.84	$1.68	$3.46	$3.38	$3.52	$2.69
Weighted Average Diluted Shares Outstanding	38.51M	38.52M	38.62M	38.64M	38.65M	38.64M	38.90M	38.91M	38.98M	38.91M	38.74M
Weighted Average Basic & Diluted Shares Outstanding	37.95M	38.03M	37.99M	38.04M	38.12M	38.09M	37.99M	38.15M	38.32M	38.25M	38.08M
Cash Dividends to Common per Share	$1.04	$1.04	-	-	-	$0.98	-	-	-	-	-

This table details how cash moves in and out of FactSet Research Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/31/2024	8/31/2023	8/31/2022	8/31/2021	8/31/2020	8/31/2019	8/31/2018	8/31/2017	8/31/2016	8/31/2015
Net Change in Cash & Equivalents	-2.47	-78	-179	96	226	151	17	-34	69	43
Net Cash From Operating Activities	700	646	538	555	506	427	386	321	331	306
Net Cash From Continuing Operating Activities	700	646	538	555	506	427	386	321	331	306
Net Income / (Loss) Continuing Operations	537	468	397	400	373	353	267	258	339	241
Consolidated Net Income / (Loss)	537	468	397	400	373	353	267	258	339	241
Depreciation Expense	125	105	87	64	58	60	57	48	38	31
Amortization Expense	30	32	43	43	43	0.00	0.00	-	-	-
Non-Cash Adjustments To Reconcile Net Income	29	88	72	2.32	64	32	32	25	-101	-2.61
Changes in Operating Assets and Liabilities, net	-21	-48	-60	46	-32	-19	30	-11	55	37
Net Cash From Investing Activities	-144	-95	-2,034	-136	-74	-56	-49	-347	-158	-65
Net Cash From Continuing Investing Activities	-144	-95	-2,034	-136	-74	-56	-49	-347	-158	-65
Purchase of Property, Plant & Equipment	-86	-61	-51	-61	-78	-59	-34	-37	-48	-26
Acquisitions	0.00	-24	-1,982	-58	0.00	0.00	-15	-303	-263	-35
Purchase of Investments	-59	-11	-0.88	-19	-2.74	-11	-12	-31	-18	-24
Net Cash From Financing Activities	-561	-632	1,339	-323	-218	-214	-320	-8.16	-91	-187
Net Cash From Continuing Financing Activities	-561	-632	1,339	-323	-218	-214	-320	-8.16	-91	-187
Repayment of Debt	-267	-389	-841	-4.26	-3.53	-576	0.00	-367	-0.01	-0.03
Repurchase of Common Equity	-235	-177	-19	-265	-200	-220	-304	-261	-357	-256
Payment of Dividends	-151	-139	-126	-118	-110	-100	-89	-81	-74	-67
Issuance of Debt	0.00	0.00	2,238	0.00	0.00	575	1.72	640	265	35
Issuance of Common Equity	92	72	86	64	96	107	72	50	57	72
Effect of Exchange Rate Changes	2.36	4.02	-22	-0.26	12	-5.59	-	1.26	-12	-12
Cash Interest Paid	66	77	30	8.02	13	20	16	8.47	3.01	-
Cash Income Taxes Paid	157	91	76	47	69	90	69	75	88	65

This table details how cash moves in and out of FactSet Research Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Net Change in Cash & Equivalents	2.42	-134	-30	71	-30	-14	-61	41	8.18	-66	-24
Net Cash From Operating Activities	174	86	163	238	144	155	156	219	165	107	151
Net Cash From Continuing Operating Activities	174	86	163	238	144	155	156	219	165	107	151
Net Income / (Loss) Continuing Operations	145	150	89	158	141	149	65	135	132	137	104
Consolidated Net Income / (Loss)	145	150	89	158	141	149	65	135	132	137	104
Depreciation Expense	38	36	34	33	32	27	27	26	26	26	27
Amortization Expense	7.61	7.57	7.56	7.58	7.65	7.62	3.10	9.65	9.90	9.70	10
Non-Cash Adjustments To Reconcile Net Income	29	4.72	13	4.06	6.65	8.39	42	17	27	1.22	4.02
Changes in Operating Assets and Liabilities, net	-46	-112	19	36	-43	-36	18	31	-30	-67	6.31
Net Cash From Investing Activities	-193	-145	-40	-21	-58	-25	-23	-26	-18	-28	-15
Net Cash From Continuing Investing Activities	-193	-145	-40	-21	-58	-25	-23	-26	-18	-28	-15
Purchase of Property, Plant & Equipment	-24	-26	-26	-21	-22	-16	0.64	-26	-17	-18	-15
Acquisitions	-227	-115	-	-	-	0.00	-	-	-	-	-
Purchase of Investments	-0.22	-3.99	-14	-	-36	-8.75	-0.13	-	-1.00	-9.89	-0.20
Net Cash From Financing Activities	25	-70	-158	-144	-115	-145	-195	-152	-139	-146	-149
Net Cash From Continuing Financing Activities	25	-70	-158	-144	-115	-145	-195	-152	-139	-146	-149
Repayment of Debt	-143	-76	-63	-64	-63	-76	-64	-63	-126	-136	-128
Repurchase of Common Equity	-64	-49	-63	-60	-52	-60	-110	-67	-	0.00	-
Payment of Dividends	-40	-39	-39	-37	-37	-37	-37	-34	-34	-34	-34
Issuance of Debt	250	55	-	-	-	0.00	-	-	-	-	-
Issuance of Common Equity	21	39	8.21	17	38	28	16	12	20	23	12
Effect of Exchange Rate Changes	-3.00	-5.05	4.28	-1.78	-1.18	1.05	0.90	0.42	1.38	1.32	-10

This table presents FactSet Research Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/31/2024	8/31/2023	8/31/2022	8/31/2021	8/31/2020	8/31/2019	8/31/2018	8/31/2017	8/31/2016	8/31/2015
Total Assets	4,055	3,963	4,014	2,225	2,083	1,560	1,419	1,413	1,019	737
Total Current Assets	836	770	870	934	842	584	431	409	369	304
Cash & Equivalents	423	425	503	682	586	360	209	195	228	159
Short-Term Investments	70	32	33	36	20	26	29	32	24	23
Accounts Receivable	228	238	204	151	155	146	157	148	98	95
Prepaid Expenses	60	51	91	51	44	37	30	24	16	20
Current Deferred & Refundable Income Taxes	55	24	39	14	38	15	6.27	9.74	3.16	6.91
Plant, Property, & Equipment, net	83	86	81	131	133	119	101	100	85	59
Total Noncurrent Assets	3,137	3,107	3,063	1,160	1,108	857	888	903	565	373
Goodwill	1,011	1,005	966	754	710	686	702	708	453	308
Intangible Assets	1,844	1,859	1,896	135	121	124	149	174	93	40
Noncurrent Deferred & Refundable Income Taxes	61	27	3.15	2.25	-	7.57	9.72	7.41	13	21
Other Noncurrent Operating Assets	220	216	198	269	278	39	28	15	5.78	4.30
Total Liabilities & Shareholders' Equity	4,055	3,963	4,014	2,225	2,083	1,560	1,419	1,413	1,019	737
Total Liabilities	2,143	2,343	2,683	1,209	1,187	888	894	854	502	205
Total Current Liabilities	667	484	438	316	276	219	221	201	158	140
Short-Term Debt	125	0.00	-	-	-	-	-	-	-	-
Accounts Payable	178	122	108	86	82	80	72	59	46	34
Dividends Payable	39	37	34	31	29	27	24	22	20	18
Current Deferred Revenue	160	152	152	63	54	48	50	47	33	38
Current Deferred & Payable Income Tax Liabilities	40	31	0.00	-	-	-	8.45	11	8.07	4.32
Current Employee Benefit Liabilities	93	113	115	104	82	64	66	61	51	45
Other Current Liabilities	31	29	29	32	29	0.00	-	-	-	-
Total Noncurrent Liabilities	1,476	1,859	2,245	893	911	669	672	652	344	65
Long-Term Debt	1,241	1,613	1,982	575	574	574	575	575	300	35
Noncurrent Deferred Revenue	42	34	41	39	37	36	30	15	8.78	6.78
Noncurrent Deferred & Payable Income Tax Liabilities	8.45	6.74	8.80	15	20	16	21	25	1.71	1.70
Other Noncurrent Operating Liabilities	184	205	212	265	280	42	47	37	33	22
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Equity & Noncontrolling Interests	1,912	1,620	1,331	1,016	896	672	526	560	517	532
Total Preferred & Common Equity	1,912	1,620	1,331	1,016	896	672	526	560	517	532
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,912	1,620	1,331	1,016	896	672	526	560	517	532
Common Stock	1,479	1,324	1,191	1,049	939	807	668	742	624	543
Retained Earnings	1,889	1,505	1,180	913	633	373	123	1,459	1,284	1,022
Treasury Stock	-1,376	-1,122	-931	-906	-637	-434	-213	-1,607	-1,322	-989
Accumulated Other Comprehensive Income / (Loss)	-80	-87	-108	-39	-39	-75	-51	-35	-69	-44

This table presents FactSet Research Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Total Assets	4,241	4,049	4,055	4,040	3,991	3,951	3,963	3,998	4,001	3,978	4,014
Total Current Assets	708	751	836	858	823	766	770	844	859	829	870
Cash & Equivalents	279	289	423	453	382	412	425	487	445	437	503
Short-Term Investments	8.47	70	70	69	69	32	32	32	32	33	33
Accounts Receivable	278	253	228	240	272	245	238	238	257	227	204
Prepaid Expenses	67	61	60	52	58	51	51	66	82	100	91
Current Deferred & Refundable Income Taxes	76	79	55	44	43	26	24	22	42	32	39
Plant, Property, & Equipment, net	80	82	83	81	81	83	86	82	82	79	81
Total Noncurrent Assets	3,454	3,216	3,137	3,101	3,087	3,102	3,107	3,072	3,061	3,069	3,063
Goodwill	1,245	1,092	1,011	1,005	1,004	1,005	1,005	982	977	975	966
Intangible Assets	1,935	1,870	1,844	1,851	1,861	1,848	1,859	1,859	1,870	1,883	1,896
Noncurrent Deferred & Refundable Income Taxes	54	40	61	37	24	24	27	12	5.66	3.65	3.15
Other Noncurrent Operating Assets	220	214	220	208	198	225	216	218	208	208	198
Total Liabilities & Shareholders' Equity	4,241	4,049	4,055	4,040	3,991	3,951	3,963	3,998	4,001	3,978	4,014
Total Liabilities	2,185	2,057	2,143	2,149	2,189	2,250	2,343	2,329	2,394	2,503	2,683
Total Current Liabilities	482	538	667	672	460	456	484	401	411	384	438
Short-Term Debt	0.00	62	125	187	29	-	0.00	-	-	-	-
Accounts Payable	131	151	178	138	128	150	122	110	120	123	108
Dividends Payable	40	40	39	40	37	37	37	37	34	34	34
Current Deferred Revenue	177	157	160	168	175	150	152	148	164	150	152
Current Deferred & Payable Income Tax Liabilities	30	45	40	29	18	37	31	-	-	-	0.00
Current Employee Benefit Liabilities	71	52	93	79	72	52	113	76	64	48	115
Other Current Liabilities	33	31	31	30	-	29	29	30	29	29	29
Total Noncurrent Liabilities	1,703	1,519	1,476	1,478	1,729	1,795	1,859	1,928	1,983	2,119	2,245
Long-Term Debt	1,472	1,297	1,241	1,241	1,489	1,551	1,613	1,674	1,736	1,859	1,982
Noncurrent Deferred Revenue	47	43	42	39	39	35	34	44	41	44	41
Noncurrent Deferred & Payable Income Tax Liabilities	15	15	8.45	7.94	8.23	9.33	6.74	6.07	6.60	11	8.80
Other Noncurrent Operating Liabilities	169	164	184	191	6.97	199	205	204	200	205	212
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,057	1,992	1,912	1,890	1,802	1,701	1,620	1,669	1,607	1,474	1,331
Total Preferred & Common Equity	2,057	1,992	1,912	1,890	1,802	1,701	1,620	1,669	1,607	1,474	1,331
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,057	1,992	1,912	1,890	1,802	1,701	1,620	1,669	1,607	1,474	1,331
Common Stock	1,570	1,532	1,479	1,454	1,422	1,367	1,324	1,291	1,262	1,226	1,191
Retained Earnings	2,104	1,999	1,889	1,838	1,720	1,616	1,505	1,477	1,380	1,283	1,180
Treasury Stock	-1,504	-1,439	-1,376	-1,310	-1,249	-1,195	-1,122	-1,010	-942	-942	-931
Accumulated Other Comprehensive Income / (Loss)	-113	-100	-80	-93	-91	-87	-87	-89	-92	-93	-108

This table displays calculated financial ratios and metrics derived from FactSet Research Systems' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/31/2024	8/31/2023	8/31/2022	8/31/2021	8/31/2020	8/31/2019	8/31/2018	8/31/2017	8/31/2016	8/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.64%	13.10%	15.86%	6.51%	4.09%	6.31%	10.56%	8.35%	11.95%	9.39%
EBITDA Growth	10.74%	28.59%	3.69%	8.11%	11.60%	18.34%	2.00%	-20.19%	37.69%	7.51%
EBIT Growth	10.25%	34.74%	-0.20%	8.49%	3.69%	20.43%	-0.28%	-24.07%	39.23%	9.38%
NOPAT Growth	14.62%	18.57%	5.03%	5.52%	4.82%	31.74%	5.25%	2.77%	7.21%	13.79%
Net Income Growth	14.73%	17.95%	-0.67%	7.15%	5.71%	32.09%	3.42%	-23.78%	40.56%	13.95%
EPS Growth	15.53%	17.46%	-1.06%	7.36%	6.28%	33.92%	4.15%	-20.51%	43.43%	16.06%
Operating Cash Flow Growth	8.48%	19.93%	-3.05%	9.76%	18.43%	10.75%	20.32%	-3.21%	8.06%	15.63%
Free Cash Flow Firm Growth	12.26%	133.97%	-474.18%	4.96%	3.31%	14.08%	497.83%	-207.90%	-67.34%	36.53%
Invested Capital Growth	0.46%	0.04%	211.01%	1.01%	0.74%	0.12%	-4.53%	58.93%	45.34%	2.90%
Revenue Q/Q Growth	1.21%	1.78%	4.98%	1.81%	1.31%	1.30%	1.44%	3.33%	2.32%	2.35%
EBITDA Q/Q Growth	2.52%	-1.86%	3.50%	3.95%	5.34%	1.83%	-2.50%	-22.11%	31.37%	0.87%
EBIT Q/Q Growth	1.34%	-1.22%	2.31%	4.92%	-3.47%	1.59%	-2.88%	-25.17%	33.80%	1.40%
NOPAT Q/Q Growth	4.93%	-8.64%	4.17%	2.64%	-0.76%	6.35%	4.05%	0.03%	0.01%	2.85%
Net Income Q/Q Growth	4.75%	-7.74%	0.85%	3.09%	-0.65%	6.88%	3.60%	-24.71%	31.99%	2.89%
EPS Q/Q Growth	4.90%	-7.74%	0.69%	3.29%	-0.62%	6.82%	3.99%	-23.50%	32.95%	3.26%
Operating Cash Flow Q/Q Growth	1.08%	0.67%	-5.88%	4.82%	8.03%	3.76%	1.61%	10.39%	-3.94%	4.18%
Free Cash Flow Firm Q/Q Growth	-2.05%	-6.19%	-0.29%	12.91%	0.24%	10.75%	4.31%	-64.95%	78.82%	0.20%
Invested Capital Q/Q Growth	-0.37%	-1.73%	-1.23%	-5.85%	-2.33%	-1.93%	-0.43%	-0.16%	-5.38%	-0.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.07%	53.33%	52.76%	50.59%	53.45%	53.78%	51.17%	53.60%	56.76%	59.74%
EBITDA Margin	38.97%	37.17%	32.69%	36.53%	35.99%	33.57%	30.16%	32.69%	44.38%	36.08%
Operating Margin	31.83%	30.17%	25.79%	29.79%	29.43%	30.52%	27.12%	28.84%	31.02%	32.97%
EBIT Margin	31.90%	30.57%	25.66%	29.79%	29.25%	29.36%	25.92%	28.74%	41.00%	32.97%
Profit (Net Income) Margin	24.38%	22.45%	21.53%	25.11%	24.96%	24.58%	19.78%	21.15%	30.06%	23.94%
Tax Burden Percent	82.44%	80.17%	89.48%	85.45%	87.31%	83.61%	75.91%	75.01%	73.50%	72.22%
Interest Burden Percent	92.70%	91.61%	93.76%	98.64%	97.75%	100.13%	100.55%	98.12%	99.75%	100.55%
Effective Tax Rate	17.56%	19.83%	10.52%	14.55%	12.69%	16.39%	24.09%	24.99%	26.50%	27.78%
Return on Invested Capital (ROIC)	20.51%	17.94%	22.90%	45.04%	43.06%	41.25%	30.61%	34.89%	52.07%	60.43%
ROIC Less NNEP Spread (ROIC-NNEP)	16.61%	15.23%	18.73%	54.67%	32.86%	36.60%	27.62%	32.20%	-212.54%	59.37%
Return on Net Nonoperating Assets (RNNOA)	9.90%	13.79%	10.91%	-3.26%	4.49%	17.64%	18.60%	13.07%	12.53%	-14.20%
Return on Equity (ROE)	30.41%	31.73%	33.81%	41.78%	47.55%	58.89%	49.21%	47.96%	64.60%	46.24%
Cash Return on Invested Capital (CROIC)	20.05%	17.90%	-79.78%	44.03%	42.32%	41.14%	35.24%	-10.63%	15.11%	57.57%
Operating Return on Assets (OROA)	17.53%	15.98%	15.17%	22.01%	23.99%	28.29%	24.71%	28.85%	52.64%	47.42%
Return on Assets (ROA)	13.40%	11.74%	12.72%	18.55%	20.47%	23.68%	18.86%	21.23%	38.59%	34.44%
Return on Common Equity (ROCE)	30.41%	31.73%	33.81%	41.78%	47.55%	58.89%	49.21%	47.96%	64.60%	46.24%
Return on Equity Simple (ROE_SIMPLE)	28.09%	28.90%	29.81%	39.32%	41.61%	52.48%	50.79%	46.14%	65.49%	45.35%
Net Operating Profit after Tax (NOPAT)	578	504	425	405	384	366	278	264	257	240
NOPAT Margin	26.24%	24.19%	23.07%	25.45%	25.69%	25.51%	20.59%	21.63%	22.80%	23.81%
Net Nonoperating Expense Percent (NNEP)	3.90%	2.72%	4.17%	-9.63%	10.20%	4.65%	2.98%	2.69%	264.61%	1.06%
Cost of Revenue to Revenue	45.93%	46.67%	47.24%	49.41%	46.55%	46.22%	48.83%	46.40%	43.24%	40.26%
SG&A Expenses to Revenue	22.02%	21.92%	23.48%	20.80%	22.92%	23.26%	24.05%	24.77%	25.73%	26.77%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.23%	23.16%	26.97%	20.80%	24.03%	23.26%	24.05%	24.77%	25.73%	26.77%
Earnings before Interest and Taxes (EBIT)	703	637	473	474	437	421	350	351	462	332
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	858	775	603	581	538	482	407	399	500	363
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.41	10.18	12.14	13.80	14.36	14.82	15.85	10.31	12.93	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	110.29	196.31	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	7.30	7.91	8.76	8.81	8.62	6.94	6.17	4.73	5.94	0.00
Price to Earnings (P/E)	29.95	35.23	40.72	35.10	34.52	28.25	31.20	22.35	19.74	0.00
Dividend Yield	0.96%	0.87%	0.80%	0.86%	0.88%	1.04%	1.10%	1.44%	1.14%	1.15%
Earnings Yield	3.34%	2.84%	2.46%	2.85%	2.90%	3.54%	3.20%	4.47%	5.06%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.00	6.28	6.26	15.36	14.35	11.43	9.77	6.59	11.52	0.00
Enterprise Value to Revenue (EV/Rev)	7.70	8.46	9.55	8.72	8.60	7.07	6.42	5.01	5.98	0.00
Enterprise Value to EBITDA (EV/EBITDA)	19.76	22.77	29.21	23.88	23.88	21.07	21.29	15.33	13.47	0.00
Enterprise Value to EBIT (EV/EBIT)	24.13	27.68	37.21	29.28	29.39	24.10	24.78	17.44	14.58	0.00
Enterprise Value to NOPAT (EV/NOPAT)	29.33	34.98	41.38	34.27	33.45	27.73	31.19	23.17	26.21	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	24.21	27.34	32.71	25.00	25.39	23.77	22.48	19.10	20.34	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	30.01	35.06	0.00	35.05	34.04	27.80	27.09	0.00	90.33	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.71	1.00	1.49	0.57	0.64	0.85	1.09	1.03	0.58	0.07
Long-Term Debt to Equity	0.65	1.00	1.49	0.57	0.64	0.85	1.09	1.03	0.58	0.07
Financial Leverage	0.60	0.91	0.58	-0.06	0.14	0.48	0.67	0.41	-0.06	-0.24
Leverage Ratio	2.27	2.70	2.66	2.25	2.32	2.49	2.61	2.26	1.67	1.34
Compound Leverage Factor	2.10	2.48	2.49	2.22	2.27	2.49	2.62	2.22	1.67	1.35
Debt to Total Capital	41.67%	49.89%	59.82%	36.11%	39.05%	46.07%	52.22%	50.67%	36.70%	6.18%
Short-Term Debt to Total Capital	3.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	37.86%	49.89%	59.82%	36.11%	39.05%	46.07%	52.22%	50.67%	36.70%	6.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	58.33%	50.11%	40.18%	63.89%	60.95%	53.93%	47.78%	49.33%	63.30%	93.82%
Debt to EBITDA	1.59	2.08	3.29	0.99	1.07	1.19	1.41	1.44	0.60	0.10
Net Debt to EBITDA	1.02	1.49	2.40	-0.25	-0.06	0.39	0.83	0.87	0.09	-0.41
Long-Term Debt to EBITDA	1.45	2.08	3.29	0.99	1.07	1.19	1.41	1.44	0.60	0.10
Debt to NOPAT	2.36	3.20	4.66	1.42	1.50	1.57	2.07	2.18	1.17	0.15
Net Debt to NOPAT	1.51	2.29	3.40	-0.35	-0.08	0.51	1.21	1.32	0.18	-0.61
Long-Term Debt to NOPAT	2.15	3.20	4.66	1.42	1.50	1.57	2.07	2.18	1.17	0.15
Altman Z-Score	6.32	5.90	5.00	9.29	8.67	9.16	7.66	7.36	12.61	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.25	1.59	1.99	2.96	3.05	2.67	1.95	2.04	2.33	2.18
Quick Ratio	1.08	1.44	1.69	2.75	2.75	2.43	1.78	1.87	2.21	1.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	565	503	-1,482	396	377	365	320	-80	75	228
Operating Cash Flow to CapEx	817.38%	1,062.04%	1,052.23%	905.38%	651.50%	719.45%	1,150.56%	869.53%	693.63%	1,193.22%
Free Cash Flow to Firm to Interest Expense	8.59	7.59	-41.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	10.65	9.73	15.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	9.34	8.82	13.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.55	0.52	0.59	0.74	0.82	0.96	0.95	1.00	1.28	1.44
Accounts Receivable Turnover	9.46	9.44	10.38	10.39	9.92	9.48	8.85	9.92	11.69	10.86
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	26.13	24.98	17.38	12.03	11.84	13.05	13.43	13.20	15.67	17.22
Accounts Payable Turnover	6.74	8.46	8.97	9.37	8.60	8.75	10.04	10.79	12.23	13.32
Days Sales Outstanding (DSO)	38.58	38.66	35.16	35.11	36.81	38.52	41.22	36.78	31.23	33.61
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	54.12	43.17	40.68	38.96	42.44	41.72	36.34	33.84	29.85	27.40
Cash Conversion Cycle (CCC)	-15.54	-4.51	-5.51	-3.84	-5.63	-3.20	4.89	2.95	1.38	6.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,825	2,812	2,811	904	895	888	887	929	585	402
Invested Capital Turnover	0.78	0.74	0.99	1.77	1.68	1.62	1.49	1.61	2.28	2.54
Increase / (Decrease) in Invested Capital	13	1.04	1,907	9.05	6.57	1.03	-42	345	182	11
Enterprise Value (EV)	16,958	17,648	17,607	13,881	12,842	10,154	8,671	6,121	6,737	0.00
Market Capitalization	16,085	16,493	16,161	14,024	12,873	9,965	8,334	5,773	6,689	0.00
Book Value per Share	$50.28	$42.47	$35.06	$26.90	$23.59	$17.57	$13.71	$14.27	$12.73	$12.79
Tangible Book Value per Share	($24.78)	($32.61)	($40.29)	$3.37	$1.73	($3.61)	($8.47)	($8.19)	($0.71)	$4.41
Total Capital	3,278	3,233	3,314	1,591	1,471	1,246	1,101	1,135	817	567
Total Debt	1,366	1,613	1,982	575	574	574	575	575	300	35
Total Long-Term Debt	1,241	1,613	1,982	575	574	574	575	575	300	35
Net Debt	873	1,155	1,446	-143	-31	189	337	348	47	-147
Capital Expenditures (CapEx)	86	61	51	61	78	59	34	37	48	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-199	-172	-104	-100	-40	-21	-28	-19	-42	-18
Debt-free Net Working Capital (DFNWC)	294	286	432	618	566	365	210	208	211	164
Net Working Capital (NWC)	169	286	432	618	566	365	210	208	211	164
Net Nonoperating Expense (NNE)	41	36	29	5.49	11	13	11	5.87	-82	-1.33
Net Nonoperating Obligations (NNO)	913	1,192	1,480	-112	-1.54	216	361	370	67	-129
Total Depreciation and Amortization (D&A)	156	138	130	107	101	60	57	48	38	31
Debt-free, Cash-free Net Working Capital to Revenue	-9.03%	-8.24%	-5.66%	-6.28%	-2.65%	-1.44%	-2.08%	-1.55%	-3.69%	-1.79%
Debt-free Net Working Capital to Revenue	13.33%	13.71%	23.43%	38.82%	37.86%	25.42%	15.54%	17.05%	18.73%	16.33%
Net Working Capital to Revenue	7.66%	13.71%	23.43%	38.82%	37.86%	25.42%	15.54%	17.05%	18.73%	16.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$14.11	$12.26	$10.48	$10.56	$9.83	$9.25	$6.90	$6.55	$8.29	$5.80
Adjusted Weighted Average Basic Shares Outstanding	38.06M	38.19M	37.86M	37.86M	37.94M	38.14M	38.73M	39.44M	40.88M	41.57M
Adjusted Diluted Earnings per Share	$13.91	$12.04	$10.25	$10.36	$9.65	$9.08	$6.78	$6.51	$8.19	$5.71
Adjusted Weighted Average Diluted Shares Outstanding	38.62M	38.90M	38.74M	38.57M	38.65M	38.87M	39.38M	39.64M	41.37M	42.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.99M	37.99M	38.08M	37.64M	37.99M	37.94M	38.04M	39.11M	39.94M	41.45M
Normalized Net Operating Profit after Tax (NOPAT)	582	525	483	405	398	366	278	264	257	240
Normalized NOPAT Margin	26.42%	25.19%	26.19%	25.45%	26.66%	25.51%	20.59%	21.63%	22.80%	23.81%
Pre Tax Income Margin	29.57%	28.00%	24.06%	29.38%	28.59%	29.40%	26.06%	28.20%	40.90%	33.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.68	9.61	13.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	8.79	7.61	11.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	9.38	8.70	11.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	7.49	6.69	10.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.05%	29.60%	31.73%	29.51%	29.61%	28.36%	33.48%	31.32%	21.91%	27.61%
Augmented Payout Ratio	71.85%	67.35%	36.42%	95.76%	83.14%	90.83%	147.28%	132.38%	127.22%	133.90%

This table displays calculated financial ratios and metrics derived from FactSet Research Systems' official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.53%	4.88%	4.93%	4.32%	5.99%	7.41%	7.31%	8.40%	19.48%	18.86%	21.22%
EBITDA Growth	4.67%	4.97%	14.12%	14.93%	7.22%	7.55%	-10.85%	56.07%	37.53%	38.84%	14.56%
EBIT Growth	1.96%	1.33%	7.77%	15.74%	6.92%	9.70%	-8.68%	80.08%	37.99%	41.83%	9.70%
NOPAT Growth	2.55%	-0.37%	38.66%	17.55%	7.02%	7.63%	-40.59%	67.33%	27.77%	35.28%	16.62%
Net Income Growth	2.78%	0.99%	37.43%	17.43%	7.10%	8.59%	-37.64%	79.77%	19.70%	27.08%	3.32%
EPS Growth	3.01%	1.30%	38.69%	18.21%	7.99%	9.09%	-37.55%	79.27%	19.01%	26.16%	2.67%
Operating Cash Flow Growth	20.97%	-44.33%	4.81%	8.99%	-12.68%	45.49%	2.85%	13.87%	34.94%	46.24%	-18.18%
Free Cash Flow Firm Growth	21.65%	-112.47%	21.92%	52.31%	97.62%	112.13%	103.88%	107.07%	-2,955.17%	-1,973.09%	-2,030.89%
Invested Capital Growth	6.09%	6.54%	0.46%	-0.91%	6.68%	-1.80%	0.04%	0.55%	186.04%	191.05%	211.01%
Revenue Q/Q Growth	0.35%	1.15%	1.72%	1.24%	0.69%	1.20%	1.13%	2.86%	2.03%	1.11%	2.16%
EBITDA Q/Q Growth	-1.17%	37.87%	-29.92%	9.62%	-0.89%	49.89%	-29.43%	2.27%	-0.58%	23.15%	23.55%
EBIT Q/Q Growth	-2.86%	48.80%	-36.58%	11.22%	-3.45%	58.25%	-31.89%	2.74%	-0.94%	30.25%	34.32%
NOPAT Q/Q Growth	-2.36%	63.47%	-41.86%	10.51%	-5.14%	127.51%	-50.71%	0.61%	-4.61%	25.60%	38.81%
Net Income Q/Q Growth	-3.44%	67.63%	-43.41%	12.20%	-5.13%	128.13%	-51.64%	2.33%	-3.80%	31.01%	39.40%
EPS Q/Q Growth	-3.34%	66.95%	-43.03%	12.05%	-4.95%	128.57%	-51.45%	2.37%	-3.98%	30.86%	39.38%
Operating Cash Flow Q/Q Growth	101.40%	-47.06%	-31.51%	65.67%	-7.31%	-0.34%	-28.78%	32.74%	54.43%	-29.54%	-21.16%
Free Cash Flow Firm Q/Q Growth	-22.80%	-131.31%	-56.38%	567.10%	-119.54%	206.23%	-45.50%	107.30%	0.53%	2.00%	0.66%
Invested Capital Q/Q Growth	8.25%	7.30%	-0.37%	-8.32%	8.71%	1.17%	-1.73%	-1.30%	0.07%	3.07%	-1.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.76%	54.49%	54.07%	55.31%	53.27%	53.59%	50.79%	54.38%	53.25%	55.02%	51.54%
EBITDA Margin	40.65%	41.28%	30.28%	43.96%	40.59%	41.24%	27.84%	39.90%	40.13%	41.19%	33.51%
Operating Margin	32.50%	33.65%	22.74%	36.63%	33.33%	34.86%	21.67%	32.46%	32.86%	34.05%	26.48%
EBIT Margin	32.59%	33.66%	22.89%	36.70%	33.41%	34.84%	22.28%	33.08%	33.12%	34.11%	26.18%
Profit (Net Income) Margin	25.38%	26.38%	15.92%	28.61%	25.82%	27.40%	12.15%	25.42%	25.55%	27.10%	20.91%
Tax Burden Percent	84.06%	83.47%	76.41%	83.00%	83.57%	84.79%	60.68%	83.13%	83.94%	86.64%	89.69%
Interest Burden Percent	92.66%	93.89%	91.04%	93.92%	92.46%	92.73%	89.89%	92.43%	91.89%	91.68%	89.06%
Effective Tax Rate	15.94%	16.53%	23.59%	17.00%	16.43%	15.21%	39.32%	16.87%	16.06%	13.36%	10.31%
Return on Invested Capital (ROIC)	19.33%	21.31%	13.58%	23.23%	20.02%	21.86%	9.75%	19.37%	28.31%	29.16%	23.58%
ROIC Less NNEP Spread (ROIC-NNEP)	18.45%	20.42%	12.80%	22.30%	19.16%	20.94%	9.35%	18.77%	26.38%	27.32%	21.50%
Return on Net Nonoperating Assets (RNNOA)	12.03%	12.08%	7.63%	13.40%	14.52%	16.94%	8.47%	17.72%	10.19%	14.02%	12.52%
Return on Equity (ROE)	31.35%	33.39%	21.21%	36.63%	34.54%	38.80%	18.22%	37.09%	38.49%	43.18%	36.10%
Cash Return on Invested Capital (CROIC)	12.33%	13.32%	20.05%	20.25%	11.09%	19.79%	17.90%	18.80%	-71.10%	-73.86%	-79.78%
Operating Return on Assets (OROA)	17.85%	18.76%	12.58%	19.88%	18.01%	18.66%	11.65%	16.81%	20.86%	21.06%	15.48%
Return on Assets (ROA)	13.90%	14.70%	8.75%	15.50%	13.91%	14.67%	6.35%	12.91%	16.09%	16.73%	12.36%
Return on Common Equity (ROCE)	31.35%	33.39%	21.21%	36.63%	34.54%	38.80%	18.22%	37.09%	38.49%	43.18%	36.10%
Return on Equity Simple (ROE_SIMPLE)	26.38%	27.04%	0.00%	27.12%	27.16%	28.22%	0.00%	30.41%	27.86%	28.90%	0.00%
Net Operating Profit after Tax (NOPAT)	156	160	98	168	152	160	70	143	142	149	119
NOPAT Margin	27.33%	28.08%	17.38%	30.40%	27.85%	29.56%	13.15%	26.98%	27.58%	29.50%	23.75%
Net Nonoperating Expense Percent (NNEP)	0.88%	0.89%	0.78%	0.93%	0.86%	0.91%	0.40%	0.60%	1.92%	1.84%	2.07%
Return On Investment Capital (ROIC_SIMPLE)	4.42%	4.77%	-	-	-	4.93%	-	-	-	-	-
Cost of Revenue to Revenue	47.24%	45.51%	45.93%	44.69%	46.73%	46.41%	49.21%	45.62%	46.75%	44.98%	48.46%
SG&A Expenses to Revenue	20.25%	20.85%	30.69%	18.65%	19.93%	18.73%	24.49%	21.84%	20.30%	20.92%	24.80%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.25%	20.85%	31.33%	18.68%	19.94%	18.73%	29.12%	21.93%	20.39%	20.97%	25.06%
Earnings before Interest and Taxes (EBIT)	186	191	129	203	182	189	119	175	171	172	131
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	232	235	170	243	222	224	149	211	207	208	167
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.54	9.36	8.41	8.15	9.75	10.03	10.18	8.76	9.75	11.75	12.14
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	7.79	8.36	7.30	7.08	8.16	8.04	7.91	7.13	7.81	9.01	8.76
Price to Earnings (P/E)	32.37	34.61	29.95	30.05	35.92	35.56	35.23	28.80	35.01	40.66	40.72
Dividend Yield	0.90%	0.84%	0.96%	0.98%	0.85%	0.85%	0.87%	0.96%	0.87%	0.77%	0.80%
Earnings Yield	3.09%	2.89%	3.34%	3.33%	2.78%	2.81%	2.84%	3.47%	2.86%	2.46%	2.46%
Enterprise Value to Invested Capital (EV/IC)	5.71	6.48	6.00	5.75	6.09	6.39	6.28	5.51	5.84	6.46	6.26
Enterprise Value to Revenue (EV/Rev)	8.32	8.81	7.70	7.50	8.74	8.56	8.46	7.70	8.43	9.73	9.55
Enterprise Value to EBITDA (EV/EBITDA)	21.30	22.59	19.76	19.48	23.36	22.98	22.77	19.97	23.61	28.28	29.21
Enterprise Value to EBIT (EV/EBIT)	26.44	27.84	24.13	23.52	28.27	27.78	27.68	24.44	29.67	35.67	37.21
Enterprise Value to NOPAT (EV/NOPAT)	32.24	34.00	29.33	29.61	35.80	35.23	34.98	28.56	34.22	40.31	41.38
Enterprise Value to Operating Cash Flow (EV/OCF)	28.33	31.10	24.21	23.55	27.97	26.18	27.34	24.59	27.55	32.72	32.71
Enterprise Value to Free Cash Flow (EV/FCFF)	47.69	50.18	30.01	28.28	56.65	31.99	35.06	29.39	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.72	0.68	0.71	0.76	0.95	0.91	1.00	1.00	1.08	1.26	1.49
Long-Term Debt to Equity	0.72	0.65	0.65	0.66	0.93	0.91	1.00	1.00	1.08	1.26	1.49
Financial Leverage	0.65	0.59	0.60	0.60	0.76	0.81	0.91	0.94	0.39	0.51	0.58
Leverage Ratio	2.13	2.17	2.27	2.26	2.34	2.50	2.70	2.75	2.26	2.42	2.66
Compound Leverage Factor	1.98	2.03	2.07	2.12	2.17	2.32	2.43	2.54	2.08	2.22	2.37
Debt to Total Capital	41.72%	40.56%	41.67%	43.03%	48.61%	47.70%	49.89%	50.08%	51.92%	55.77%	59.82%
Short-Term Debt to Total Capital	0.00%	1.86%	3.81%	5.64%	0.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	41.72%	38.70%	37.86%	37.39%	47.78%	47.70%	49.89%	50.08%	51.92%	55.77%	59.82%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	58.28%	59.44%	58.33%	56.97%	51.39%	52.30%	50.11%	49.92%	48.08%	44.23%	40.18%
Debt to EBITDA	1.67	1.56	1.59	1.71	2.11	1.96	2.08	2.12	2.42	2.81	3.29
Net Debt to EBITDA	1.35	1.15	1.02	1.08	1.56	1.40	1.49	1.46	1.75	2.10	2.40
Long-Term Debt to EBITDA	1.67	1.49	1.45	1.48	2.08	1.96	2.08	2.12	2.42	2.81	3.29
Debt to NOPAT	2.53	2.35	2.36	2.59	3.24	3.01	3.20	3.03	3.51	4.00	4.66
Net Debt to NOPAT	2.04	1.73	1.51	1.64	2.38	2.15	2.29	2.09	2.54	2.99	3.40
Long-Term Debt to NOPAT	2.53	2.24	2.15	2.25	3.19	3.01	3.20	3.03	3.51	4.00	4.66
Altman Z-Score	6.26	6.90	5.85	5.70	6.22	5.91	5.47	5.07	5.19	5.36	4.72
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.47	1.40	1.25	1.28	1.79	1.68	1.59	2.11	2.09	2.16	1.99
Quick Ratio	1.17	1.14	1.08	1.14	1.57	1.51	1.44	1.89	1.79	1.82	1.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-33	-26	85	194	-42	213	69	127	-1,744	-1,753	-1,789
Operating Cash Flow to CapEx	732.87%	333.82%	628.53%	1,116.43%	656.10%	942.21%	0.00%	840.57%	943.39%	593.74%	995.35%
Free Cash Flow to Firm to Interest Expense	-2.34	-1.84	5.44	11.48	-2.50	12.70	4.16	7.79	-104.19	-106.01	0.00
Operating Cash Flow to Interest Expense	12.50	6.00	10.49	14.10	8.66	9.27	9.33	13.37	9.84	6.45	0.00
Operating Cash Flow Less CapEx to Interest Expense	10.79	4.20	8.83	12.84	7.34	8.29	9.36	11.78	8.80	5.36	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.55	0.56	0.55	0.54	0.54	0.54	0.52	0.51	0.63	0.62	0.59
Accounts Receivable Turnover	8.20	8.96	9.46	9.11	8.13	8.98	9.44	8.83	9.01	10.00	10.38
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	28.05	27.07	26.13	26.75	26.47	26.13	24.98	24.46	20.43	19.08	17.38
Accounts Payable Turnover	7.97	6.76	6.74	8.18	8.15	7.31	8.46	9.04	8.86	7.81	8.97
Days Sales Outstanding (DSO)	44.51	40.75	38.58	40.07	44.87	40.65	38.66	41.35	40.51	36.51	35.16
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	45.78	53.99	54.12	44.60	44.79	49.91	43.17	40.39	41.20	46.74	40.68
Cash Conversion Cycle (CCC)	-1.27	-13.24	-15.54	-4.54	0.09	-9.27	-4.51	0.96	-0.69	-10.23	-5.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,282	3,031	2,825	2,836	3,093	2,845	2,812	2,862	2,900	2,898	2,811
Invested Capital Turnover	0.71	0.76	0.78	0.76	0.72	0.74	0.74	0.72	1.03	0.99	0.99
Increase / (Decrease) in Invested Capital	188	186	13	-26	194	-52	1.04	16	1,886	1,902	1,907
Enterprise Value (EV)	18,745	19,640	16,958	16,314	18,827	18,174	17,648	15,770	16,932	18,715	17,607
Market Capitalization	17,560	18,640	16,085	15,409	17,573	17,067	16,493	14,615	15,674	17,326	16,161
Book Value per Share	$54.09	$52.42	$50.28	$49.60	$47.31	$44.77	$42.47	$43.55	$42.02	$38.71	$35.06
Tangible Book Value per Share	($29.55)	($25.56)	($24.78)	($25.34)	($27.90)	($30.34)	($32.61)	($30.60)	($32.42)	($36.34)	($40.29)
Total Capital	3,529	3,351	3,278	3,318	3,506	3,252	3,233	3,343	3,343	3,333	3,314
Total Debt	1,472	1,359	1,366	1,428	1,704	1,551	1,613	1,674	1,736	1,859	1,982
Total Long-Term Debt	1,472	1,297	1,241	1,241	1,675	1,551	1,613	1,674	1,736	1,859	1,982
Net Debt	1,185	1,000	873	906	1,254	1,107	1,155	1,155	1,258	1,389	1,446
Capital Expenditures (CapEx)	24	26	26	21	22	16	-0.64	26	17	18	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-61	-84	-199	-148	-58	-134	-172	-75	-29	-25	-104
Debt-free Net Working Capital (DFNWC)	226	275	294	374	392	310	286	443	448	445	432
Net Working Capital (NWC)	226	213	169	187	363	310	286	443	448	445	432
Net Nonoperating Expense (NNE)	11	9.68	8.20	9.90	11	12	5.34	8.28	10	12	14
Net Nonoperating Obligations (NNO)	1,225	1,040	913	945	1,291	1,145	1,192	1,193	1,292	1,423	1,480
Total Depreciation and Amortization (D&A)	46	43	42	40	39	35	30	36	36	36	37
Debt-free, Cash-free Net Working Capital to Revenue	-2.72%	-3.76%	-9.03%	-6.80%	-2.69%	-6.31%	-8.24%	-3.68%	-1.47%	-1.27%	-5.66%
Debt-free Net Working Capital to Revenue	10.02%	12.34%	13.33%	17.18%	18.21%	14.60%	13.71%	21.64%	22.30%	23.14%	23.43%
Net Working Capital to Revenue	10.02%	9.53%	7.66%	8.58%	16.87%	14.60%	13.71%	21.64%	22.30%	23.14%	23.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.81	$3.95	$2.35	$4.15	$3.70	$3.91	$1.71	$3.52	$3.44	$3.59	$2.74
Adjusted Weighted Average Basic Shares Outstanding	38.02M	38.01M	38.06M	38.09M	38.10M	38.02M	38.19M	38.28M	38.28M	38.12M	37.86M
Adjusted Diluted Earnings per Share	$3.76	$3.89	$2.33	$4.09	$3.65	$3.84	$1.68	$3.46	$3.38	$3.52	$2.69
Adjusted Weighted Average Diluted Shares Outstanding	38.51M	38.52M	38.62M	38.64M	38.65M	38.64M	38.90M	38.91M	38.98M	38.91M	38.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.95M	38.03M	37.99M	38.04M	38.12M	38.09M	37.99M	38.15M	38.32M	38.25M	38.08M
Normalized Net Operating Profit after Tax (NOPAT)	156	160	100	168	152	160	85	143	142	149	120
Normalized NOPAT Margin	27.33%	28.08%	17.87%	30.43%	27.86%	29.56%	15.96%	27.05%	27.66%	29.55%	23.98%
Pre Tax Income Margin	30.20%	31.61%	20.83%	34.47%	30.89%	32.31%	20.03%	30.58%	30.43%	31.28%	23.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.36	13.29	8.28	12.01	10.99	11.29	7.15	10.72	10.19	10.41	0.00
NOPAT to Interest Expense	11.21	11.09	6.28	9.95	9.16	9.58	4.22	8.74	8.49	9.01	0.00
EBIT Less CapEx to Interest Expense	11.66	11.50	6.61	10.74	9.67	10.30	7.19	9.13	9.15	9.33	0.00
NOPAT Less CapEx to Interest Expense	9.50	9.29	4.61	8.68	7.84	8.59	4.26	7.15	7.45	7.92	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.63%	28.38%	28.05%	28.97%	29.69%	29.59%	29.60%	26.60%	29.47%	30.26%	31.73%
Augmented Payout Ratio	72.17%	69.99%	71.85%	83.87%	88.73%	78.89%	67.35%	39.82%	29.47%	30.26%	36.42%

Frequently Asked Questions About FactSet Research Systems' Financials

When does FactSet Research Systems's financial year end?

According to the most recent income statement we have on file, FactSet Research Systems' fiscal year ends in August. Their fiscal year 2024 ended on August 31, 2024.

How has FactSet Research Systems' net income changed over the last 9 years?

FactSet Research Systems' net income appears to be on an upward trend, with a most recent value of $537.13 million in 2024, rising from $241.05 million in 2015. The previous period was $468.17 million in 2023. Check out FactSet Research Systems' forecast to explore projected trends and price targets.

What is FactSet Research Systems's operating income?

FactSet Research Systems's total operating income in 2024 was $701.30 million, based on the following breakdown:

Total Gross Profit: $1.19 billion
Total Operating Expenses: $489.81 million

How has FactSet Research Systems revenue changed over the last 9 years?

Over the last 9 years, FactSet Research Systems' total revenue changed from $1.01 billion in 2015 to $2.20 billion in 2024, a change of 118.8%.

How much debt does FactSet Research Systems have?

FactSet Research Systems' total liabilities were at $2.14 billion at the end of 2024, a 8.6% decrease from 2023, and a 944.7% increase since 2015.

How much cash does FactSet Research Systems have?

In the past 9 years, FactSet Research Systems' cash and equivalents has ranged from $158.91 million in 2015 to $681.87 million in 2021, and is currently $422.98 million as of their latest financial filing in 2024.

How has FactSet Research Systems' book value per share changed over the last 9 years?

Over the last 9 years, FactSet Research Systems' book value per share changed from 12.79 in 2015 to 50.28 in 2024, a change of 293.2%.

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This page (NYSE:FDS) was last updated on 5/25/2025 by MarketBeat.com Staff

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FactSet Research Systems (FDS) Financials

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