Skip to content

Intercontinental Exchange

NYSE: ICE · USD

Intercontinental Exchange financials

6 charts

Revenue

USD millions

$3,611M
Intercontinental Exchange Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2014 Q1$1,198M; Change unavailable vs FY 2013 Q4
FY 2014 Q2$1,011M; −15.6% vs FY 2014 Q1
FY 2014 Q3$1,006M; −0.5% vs FY 2014 Q2
FY 2014 Q4$1,144M; +13.7% vs FY 2014 Q3
FY 2015 Q1$1,156M; +1.0% vs FY 2014 Q4
FY 2015 Q2$1,073M; −7.2% vs FY 2015 Q1
FY 2015 Q3$1,151M; +7.3% vs FY 2015 Q2
FY 2015 Q4$1,302M; +13.1% vs FY 2015 Q3
FY 2016 Q1$1,554M; +19.4% vs FY 2015 Q4
FY 2016 Q2$1,504M; −3.2% vs FY 2016 Q1
FY 2016 Q3$1,416M; −5.9% vs FY 2016 Q2
FY 2016 Q4$1,484M; +4.8% vs FY 2016 Q3
FY 2017 Q1$1,469M; −1.0% vs FY 2016 Q4
FY 2017 Q2$1,494M; +1.7% vs FY 2017 Q1
FY 2017 Q3$1,432M; −4.1% vs FY 2017 Q2
FY 2017 Q4Unavailable; Change unavailable vs FY 2017 Q3
FY 2018 Q1$1,580M; Change unavailable vs FY 2017 Q4
FY 2018 Q2$1,556M; −1.5% vs FY 2018 Q1
FY 2018 Q3$1,463M; −6.0% vs FY 2018 Q2
FY 2018 Q4$1,677M; +14.6% vs FY 2018 Q3
FY 2019 Q1$1,583M; −5.6% vs FY 2018 Q4
FY 2019 Q2$1,634M; +3.2% vs FY 2019 Q1
FY 2019 Q3$1,663M; +1.8% vs FY 2019 Q2
FY 2019 Q4$1,667M; +0.2% vs FY 2019 Q3
FY 2020 Q1$2,115M; +26.9% vs FY 2019 Q4
FY 2020 Q2$1,966M; −7.0% vs FY 2020 Q1
FY 2020 Q3$1,930M; −1.8% vs FY 2020 Q2
FY 2020 Q4$2,233M; +15.7% vs FY 2020 Q3
FY 2021 Q1$2,429M; +8.8% vs FY 2020 Q4
FY 2021 Q2$2,134M; −12.1% vs FY 2021 Q1
FY 2021 Q3$2,277M; +6.7% vs FY 2021 Q2
FY 2021 Q4$2,328M; +2.2% vs FY 2021 Q3
FY 2022 Q1$2,459M; +5.6% vs FY 2021 Q4
FY 2022 Q2$2,413M; −1.9% vs FY 2022 Q1
FY 2022 Q3$2,387M; −1.1% vs FY 2022 Q2
FY 2022 Q4$2,377M; −0.4% vs FY 2022 Q3
FY 2023 Q1$2,472M; +4.0% vs FY 2022 Q4
FY 2023 Q2$2,336M; −5.5% vs FY 2023 Q1
FY 2023 Q3$2,429M; +4.0% vs FY 2023 Q2
FY 2023 Q4$2,666M; +9.8% vs FY 2023 Q3
FY 2024 Q1$2,801M; +5.1% vs FY 2023 Q4
FY 2024 Q2$2,897M; +3.4% vs FY 2024 Q1
FY 2024 Q3$3,033M; +4.7% vs FY 2024 Q2
FY 2024 Q4$3,030M; −0.1% vs FY 2024 Q3
FY 2025 Q1$3,229M; +6.6% vs FY 2024 Q4
FY 2025 Q2$3,262M; +1.0% vs FY 2025 Q1
FY 2025 Q3$3,007M; −7.8% vs FY 2025 Q2
FY 2025 Q4$3,142M; +4.5% vs FY 2025 Q3
FY 2026 Q1$3,666M; +16.7% vs FY 2025 Q4
FY 2026 Q2$3,611M; −1.5% vs FY 2026 Q1
Dec 31, 2013 through Sep 25, 2026

Free cash flow

USD millions

$1,854M
Intercontinental Exchange Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2014 Q1$488M; Change unavailable vs FY 2013 Q4
FY 2014 Q2$290M; −40.6% vs FY 2014 Q1
FY 2014 Q3$39M; −86.6% vs FY 2014 Q2
FY 2014 Q4$474M; +1115.4% vs FY 2014 Q3
FY 2015 Q1$426M; −10.1% vs FY 2014 Q4
FY 2015 Q2$252M; −40.8% vs FY 2015 Q1
FY 2015 Q3$87M; −65.5% vs FY 2015 Q2
FY 2015 Q4$356M; +309.2% vs FY 2015 Q3
FY 2016 Q1$566M; +59.0% vs FY 2015 Q4
FY 2016 Q2$441M; −22.1% vs FY 2016 Q1
FY 2016 Q3$335M; −24.0% vs FY 2016 Q2
FY 2016 Q4$557M; +66.3% vs FY 2016 Q3
FY 2017 Q1$579M; +3.9% vs FY 2016 Q4
FY 2017 Q2$438M; −24.4% vs FY 2017 Q1
FY 2017 Q3$257M; −41.3% vs FY 2017 Q2
FY 2017 Q4$591M; +130.0% vs FY 2017 Q3
FY 2018 Q1$559M; −5.4% vs FY 2017 Q4
FY 2018 Q2$644M; +15.2% vs FY 2018 Q1
FY 2018 Q3$483M; −25.0% vs FY 2018 Q2
FY 2018 Q4$713M; +47.6% vs FY 2018 Q3
FY 2019 Q1$628M; −11.9% vs FY 2018 Q4
FY 2019 Q2$697M; +11.0% vs FY 2019 Q1
FY 2019 Q3$470M; −32.6% vs FY 2019 Q2
FY 2019 Q4$711M; +51.3% vs FY 2019 Q3
FY 2020 Q1$505M; −29.0% vs FY 2019 Q4
FY 2020 Q2$825M; +63.4% vs FY 2020 Q1
FY 2020 Q3$371M; −55.0% vs FY 2020 Q2
FY 2020 Q4$973M; +162.3% vs FY 2020 Q3
FY 2021 Q1$694M; −28.7% vs FY 2020 Q4
FY 2021 Q2$818M; +17.9% vs FY 2021 Q1
FY 2021 Q3$501M; −38.8% vs FY 2021 Q2
FY 2021 Q4$931M; +85.8% vs FY 2021 Q3
FY 2022 Q1$720M; −22.7% vs FY 2021 Q4
FY 2022 Q2$935M; +29.9% vs FY 2022 Q1
FY 2022 Q3$682M; −27.1% vs FY 2022 Q2
FY 2022 Q4$992M; +45.5% vs FY 2022 Q3
FY 2023 Q1$632M; −36.3% vs FY 2022 Q4
FY 2023 Q2$1,112M; +75.9% vs FY 2023 Q1
FY 2023 Q3$725M; −34.8% vs FY 2023 Q2
FY 2023 Q4$883M; +21.8% vs FY 2023 Q3
FY 2024 Q1$951M; +7.7% vs FY 2023 Q4
FY 2024 Q2$1,121M; +17.9% vs FY 2024 Q1
FY 2024 Q3$819M; −26.9% vs FY 2024 Q2
FY 2024 Q4$1,312M; +60.2% vs FY 2024 Q3
FY 2025 Q1$881M; −32.9% vs FY 2024 Q4
FY 2025 Q2$1,446M; +64.1% vs FY 2025 Q1
FY 2025 Q3$853M; −41.0% vs FY 2025 Q2
FY 2025 Q4$1,109M; +30.0% vs FY 2025 Q3
FY 2026 Q1$1,262M; +13.8% vs FY 2025 Q4
FY 2026 Q2$1,854M; +46.9% vs FY 2026 Q1

Net margin

%

26.53%
Intercontinental Exchange Net margin. Reported fiscal history.
Fiscal period%
FY 2014 Q121.87%
FY 2014 Q222.35%
FY 2014 Q320.48%
FY 2014 Q425.17%
FY 2015 Q127.25%
FY 2015 Q226.37%
FY 2015 Q326.59%
FY 2015 Q428.42%
FY 2016 Q123.75%
FY 2016 Q223.74%
FY 2016 Q324.29%
FY 2016 Q423.72%
FY 2017 Q134.17%
FY 2017 Q227.98%
FY 2017 Q325.77%
FY 2017 Q4—
FY 2018 Q129.37%
FY 2018 Q229.24%
FY 2018 Q331.31%
FY 2018 Q436.43%
FY 2019 Q130.57%
FY 2019 Q228.89%
FY 2019 Q331.81%
FY 2019 Q426.87%
FY 2020 Q130.73%
FY 2020 Q226.6%
FY 2020 Q320.21%
FY 2020 Q423.56%
FY 2021 Q126.6%
FY 2021 Q258.67%
FY 2021 Q327.8%
FY 2021 Q465.59%
FY 2022 Q126.72%
FY 2022 Q223%
FY 2022 Q3-8%
FY 2022 Q417.88%
FY 2023 Q126.5%
FY 2023 Q234.2%
FY 2023 Q322.27%
FY 2023 Q413.99%
FY 2024 Q127.38%
FY 2024 Q221.82%
FY 2024 Q321.66%
FY 2024 Q423.04%
FY 2025 Q124.68%
FY 2025 Q226.09%
FY 2025 Q327.14%
FY 2025 Q427.08%
FY 2026 Q138.54%
FY 2026 Q226.53%

P/E

× · TTM · Daily

21.63×
Intercontinental Exchange P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2014-02-2864.95×2013-12-31
2014-03-3161.53×2013-12-31
2014-04-3063.59×2013-12-31
2014-05-3061.09×2013-12-31
2014-06-3058.75×2013-12-31
2014-07-3159.78×2013-12-31
2014-08-2958.78×2013-12-31
2014-09-3060.67×2013-12-31
2014-10-3164.78×2013-12-31
2014-11-2870.29×2013-12-31
2014-12-3168.2×2013-12-31
2015-01-3063.99×2013-12-31
2015-02-2727.59×2014-12-31
2015-03-3127.35×2014-12-31
2015-04-3026.32×2014-12-31
2015-05-2925.62×2015-03-31
2015-06-3024.2×2015-03-31
2015-07-3124.68×2015-03-31
2015-08-3123.43×2015-06-30
2015-09-3024.1×2015-06-30
2015-10-3023.5×2015-09-30
2015-11-3024.2×2015-09-30
2015-12-3123.86×2015-09-30
2016-01-2924.57×2015-09-30
2016-02-2920.96×2015-12-31
2016-03-3120.67×2015-12-31
2016-04-2921.1×2015-12-31
2016-05-310×2016-03-31
2016-06-300×2016-03-31
2016-07-290×2016-03-31
2016-08-310×2016-06-30
2016-09-300×2016-06-30
2016-10-310×2016-06-30
2016-11-3023.08×2016-09-30
2016-12-3023.51×2016-09-30
2017-01-3124.32×2016-09-30
2017-02-2823.95×2016-12-31
2017-03-3125.09×2016-12-31
2017-04-2825.23×2016-12-31
2017-05-3123.19×2017-03-31
2017-06-3025.39×2017-03-31
2017-07-3125.7×2017-03-31
2017-08-3123.81×2017-06-30
2017-09-2925.29×2017-06-30
2017-10-3124.34×2017-06-30
2017-11-3025.78×2017-09-30
2017-12-2925.45×2017-09-30
2018-01-3126.64×2017-09-30
2018-02-2817.18×2017-12-31
2018-03-2917.05×2017-12-31
2018-04-3017.04×2017-12-31
2018-05-3116.78×2018-03-31
2018-06-2917.41×2018-03-31
2018-07-3117.49×2018-03-31
2018-08-3117.62×2018-06-30
2018-09-2817.31×2018-06-30
2018-10-3117.81×2018-06-30
2018-11-3018.09×2018-09-30
2018-12-3116.68×2018-09-30
2019-01-3116.99×2018-09-30
2019-02-2817.08×2018-09-30
2019-03-2916.85×2018-09-30
2019-04-3018.01×2018-09-30
2019-05-3123.34×2019-03-31
2019-06-2824.4×2019-03-31
2019-07-3124.94×2019-03-31
2019-08-3026.13×2019-06-30
2019-09-3025.79×2019-06-30
2019-10-3126.36×2019-06-30
2019-11-2925.29×2019-09-30
2019-12-3124.86×2019-09-30
2020-01-3126.79×2019-09-30
2020-02-2823.97×2019-09-30
2020-03-3121.69×2019-09-30
2020-04-3024.03×2019-09-30
2020-05-2925.71×2020-03-31
2020-06-3024.22×2020-03-31
2020-07-3124.71×2020-06-30
2020-08-3127.13×2020-06-30
2020-09-3025.55×2020-06-30
2020-10-3025.86×2020-09-30
2020-11-3028.91×2020-09-30
2020-12-3131.59×2020-09-30
2021-01-2930.24×2020-09-30
2021-02-2630.22×2020-09-30
2021-03-3130.6×2020-09-30
2021-04-3032.25×2020-09-30
2021-05-2830.93×2020-09-30
2021-06-3032.52×2020-09-30
2021-07-3032.83×2020-09-30
2021-08-3132.75×2020-09-30
2021-09-3031.46×2020-09-30
2021-10-2937.94×2020-09-30
2021-11-3035.82×2020-09-30
2021-12-3137.47×2020-09-30
2022-01-3134.7×2020-09-30
2022-02-2823.72×2021-09-30
2022-03-3124.46×2021-09-30
2022-04-2921.44×2021-09-30
2022-05-3118.96×2021-09-30
2022-06-3017.41×2021-09-30
2022-07-2918.88×2021-09-30
2022-08-3118.67×2021-09-30
2022-09-3016.73×2021-09-30
2022-10-3117.69×2021-09-30
2022-11-3023.8×2022-09-30
2022-12-3022.55×2022-09-30
2023-01-3123.64×2022-09-30
2023-02-2822.37×2022-09-30
2023-03-3122.92×2022-09-30
2023-04-2823.94×2022-09-30
2023-05-3141.16×2023-03-31
2023-06-3043.93×2023-03-31
2023-07-3144.6×2023-03-31
2023-08-3139.21×2023-06-30
2023-09-2936.56×2023-06-30
2023-10-3135.71×2023-06-30
2023-11-3026.58×2023-09-30
2023-12-2929.98×2023-09-30
2024-01-3129.73×2023-09-30
2024-02-2932.32×2023-09-30
2024-03-2832.09×2023-09-30
2024-04-3030.06×2023-09-30
2024-05-3131.05×2024-03-31
2024-06-2831.74×2024-03-31
2024-07-3135.14×2024-03-31
2024-08-3040.16×2024-06-30
2024-09-3039.93×2024-06-30
2024-10-3138.75×2024-06-30
2024-11-2938.24×2024-09-30
2024-12-3135.4×2024-09-30
2025-01-3137.97×2024-09-30
2025-02-2836.23×2024-12-31
2025-03-3136.08×2024-12-31
2025-04-3035.13×2024-12-31
2025-05-3037.26×2025-03-31
2025-06-3038.03×2025-03-31
2025-07-3138.31×2025-03-31
2025-08-2933.81×2025-06-30
2025-09-3032.26×2025-06-30
2025-10-3126.56×2025-09-30
2025-11-2828.55×2025-09-30
2025-12-3129.4×2025-09-30
2026-01-3031.55×2025-09-30
2026-02-2728.32×2025-12-31
2026-03-3127.14×2025-12-31
2026-04-3027.28×2025-12-31
2026-05-2921.44×2026-03-31
2026-06-3017.85×2026-03-31
2026-07-3121.37×2026-06-30
2026-08-3122.53×2026-06-30
2026-09-2521.63×2026-06-30
Mean 28.48×Median 25.47×15% below median

ROIC

% · Annual / TTM

8.57%
Intercontinental Exchange ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2014 Q1—
FY 2014 Q2—
FY 2014 Q3—
FY 2014 Q4—
FY 2015 Q16.08%
FY 2015 Q27.12%
FY 2015 Q37.3%
FY 2015 Q46.5%
FY 2016 Q17.01%
FY 2016 Q27.71%
FY 2016 Q37.96%
FY 2016 Q46.41%
FY 2017 Q16.52%
FY 2017 Q26.92%
FY 2017 Q37.19%
FY 2017 Q4—
FY 2018 Q1—
FY 2018 Q2—
FY 2018 Q3—
FY 2018 Q48.59%
FY 2019 Q18.21%
FY 2019 Q28.25%
FY 2019 Q38.65%
FY 2019 Q48.16%
FY 2020 Q18.66%
FY 2020 Q29.28%
FY 2020 Q36.83%
FY 2020 Q47.14%
FY 2021 Q17.06%
FY 2021 Q27.19%
FY 2021 Q36.4%
FY 2021 Q46.53%
FY 2022 Q16.72%
FY 2022 Q27.24%
FY 2022 Q37.38%
FY 2022 Q47.86%
FY 2023 Q17.71%
FY 2023 Q28.47%
FY 2023 Q36.86%
FY 2023 Q47.03%
FY 2024 Q17.24%
FY 2024 Q26.79%
FY 2024 Q36.34%
FY 2024 Q46.68%
FY 2025 Q16.79%
FY 2025 Q27.22%
FY 2025 Q37.42%
FY 2025 Q47.72%
FY 2026 Q18.18%
FY 2026 Q28.57%

Capital allocation

% of tracked cash uses

$1,089M
Intercontinental Exchange capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2014 Q17.56% · $31M34.63% · $142M0% · $0M18.54% · $76M39.27% · $161M100% · $410M
FY 2014 Q22.6% · $27M0.77% · $8M0% · $0M7.22% · $75M89.41% · $929M100% · $1,039M
FY 2014 Q38.26% · $47M0% · $0M78.73% · $448M13.01% · $74MUnavailable100% · $569M
FY 2014 Q48.76% · $67M55.82% · $427M25.75% · $197M9.67% · $74MUnavailable100% · $765M
FY 2015 Q112.66% · $39M0% · $0M63.64% · $196M23.7% · $73MUnavailable100% · $308M
FY 2015 Q24.1% · $53M0% · $0M15.69% · $203M6.57% · $85M73.65% · $953M100% · $1,294M
FY 2015 Q310.22% · $33M0% · $0M63.78% · $206M26.01% · $84MUnavailable100% · $323M
FY 2015 Q41.51% · $65M87.09% · $3,751M1.28% · $55M2.07% · $89M8.06% · $347M100% · $4,307M
FY 2016 Q123.31% · $31MUnavailable0% · $0M76.69% · $102MUnavailable100% · $133M
FY 2016 Q238.69% · $65MUnavailable0% · $0M61.31% · $103MUnavailable100% · $168M
FY 2016 Q340.7% · $70MUnavailable0% · $0M59.3% · $102MUnavailable100% · $172M
FY 2016 Q435.59% · $84MUnavailable21.19% · $50M43.22% · $102M0% · $0M100% · $236M
FY 2017 Q18.4% · $32MUnavailable60.1% · $229M31.5% · $120MUnavailable100% · $381M
FY 2017 Q212.01% · $49MUnavailable58.82% · $240M29.17% · $119MUnavailable100% · $408M
FY 2017 Q313.29% · $55MUnavailable57.97% · $240M28.74% · $119MUnavailable100% · $414M
FY 2017 Q419% · $84MUnavailable54.3% · $240M26.7% · $118M0% · $0M100% · $442M
FY 2018 Q11.64% · $14M46.84% · $400M35.13% · $300M16.39% · $140MUnavailable100% · $854M
FY 2018 Q23.05% · $19M0.8% · $5M73.79% · $459M22.35% · $139MUnavailable100% · $622M
FY 2018 Q31.33% · $16M62.17% · $746M25% · $300M11.5% · $138MUnavailable100% · $1,200M
FY 2018 Q418.6% · $85M20.79% · $95M30.42% · $139M30.2% · $138M0% · $0M100% · $457M
FY 2019 Q14.05% · $26M2.96% · $19M68.54% · $440M24.45% · $157MUnavailable100% · $642M
FY 2019 Q23.61% · $31M38.77% · $333M39.58% · $340M18.04% · $155MUnavailable100% · $859M
FY 2019 Q35.71% · $30M0% · $0M64.76% · $340M29.52% · $155M0% · $0M100% · $525M
FY 2019 Q411.79% · $66M0% · $0M60.71% · $340M27.5% · $154M0% · $0M100% · $560M
FY 2020 Q11.33% · $15M22.05% · $249M61.91% · $699M14.7% · $166MUnavailable100% · $1,129M
FY 2020 Q25.51% · $33M0.33% · $2M66.78% · $400M27.38% · $164MUnavailable100% · $599M
FY 2020 Q30.69% · $66M95.97% · $9,188M1.55% · $148M1.78% · $170M0.02% · $2M100% · $9,574M
FY 2020 Q49.16% · $93M0.69% · $7M0% · $0M16.65% · $169M73.5% · $746M100% · $1,015M
FY 2021 Q117.62% · $40M0% · $0M0% · $0M82.38% · $187MUnavailable100% · $227M
FY 2021 Q222.18% · $55M2.42% · $6M0% · $0M75.4% · $187MUnavailable100% · $248M
FY 2021 Q31.51% · $22M0.27% · $4M0% · $0M12.8% · $187M85.42% · $1,248M100% · $1,461M
FY 2021 Q411.19% · $62M10.11% · $56M45.13% · $250M33.57% · $186MUnavailable100% · $554M
FY 2022 Q14.97% · $36MUnavailable65.52% · $475M29.52% · $214M0% · $0M100% · $725M
FY 2022 Q28.42% · $34MUnavailable38.86% · $157M52.72% · $213MUnavailable100% · $404M
FY 2022 Q319.03% · $55M7.27% · $21M0% · $0M73.7% · $213MUnavailable100% · $289M
FY 2022 Q431.45% · $100M0.63% · $2M0% · $0M66.98% · $213M0.94% · $3M100% · $318M
FY 2023 Q18.05% · $21MUnavailable0% · $0M90.42% · $236M1.53% · $4M100% · $261M
FY 2023 Q214.49% · $40MUnavailable0% · $0M85.51% · $236M0% · $0M100% · $276M
FY 2023 Q30.35% · $43M82.54% · $10,242M0% · $0M1.94% · $241M15.17% · $1,882M100% · $12,408M
FY 2023 Q411.81% · $86MUnavailable0% · $0M33.24% · $242M54.95% · $400M100% · $728M
FY 2024 Q16.33% · $58M0% · $0M0% · $0M28.17% · $258M65.5% · $600M100% · $916M
FY 2024 Q25.58% · $75M0.6% · $8M0% · $0M19.42% · $261M74.4% · $1,000M100% · $1,344M
FY 2024 Q323.24% · $79M0% · $0M0% · $0M76.76% · $261M0% · $0M100% · $340M
FY 2024 Q440.17% · $194M6.21% · $30M0% · $0M53.62% · $259M0% · $0M100% · $483M
FY 2025 Q113.82% · $85M1.79% · $11M39.19% · $241M45.2% · $278M0% · $0M100% · $615M
FY 2025 Q23.25% · $60M0.11% · $2M13.83% · $255M15.02% · $277M67.79% · $1,250M100% · $1,844M
FY 2025 Q38.36% · $62M0.81% · $6M53.64% · $398M37.2% · $276M0% · $0M100% · $742M
FY 2025 Q47.94% · $166M0% · $0M19.14% · $400M13.11% · $274M59.81% · $1,250M100% · $2,090M
FY 2026 Q17.02% · $64M0% · $0M60.42% · $551M32.57% · $297MUnavailable100% · $912M
FY 2026 Q213.22% · $144M0% · $0M59.78% · $651M27% · $294MUnavailable100% · $1,089M

Tracked cash uses · SBC excluded

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Intercontinental Exchange.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources