What is FactSet Research Systems's net debt?

FactSet Research Systems (FDS) reported net debt of $1.78B in Q4 2025.

How has FactSet Research Systems's net debt changed year-over-year?

FactSet Research Systems's net debt increased by 29.5% year-over-year, from $1.37B to $1.78B.

What is the long-term trend for FactSet Research Systems's net debt?

Over 5 years (2020 to 2025), FactSet Research Systems's net debt has grown at a 33.0% compound annual growth rate (CAGR), from $290.07M to $1.21B.

FactSet Research Systems FDS Net debt

Discontinued — last reported Q2 '26

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Other financials

Income statement

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Revenue$611.0M+7.1%

Gross profit$314.3M+4.4%

Operating income$185.0M-0.3%

Net income$133.1M-8.1%

EPS (diluted)$3.59-4.5%

Balance sheet

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Cash & equivalents$277.4M-4.9%

Total debt$2.1B+23.5%

Total equity$2.1B+3.5%

Total assets$4.2B-0.5%

Cash flow

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Operating cash flow$211.7M+21.7%

CapEx$26.0M+9.5%

Free cash flow$185.7M+23.6%

Valuation

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Market cap$8.06B-54.2%

Enterprise value$9.84B-48.1%

P/E13.7×-18.7×

P/S3.4×-4.5×

Profitability

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Gross margin51.9%-2.2pp

Operating margin31.2%-0.2pp

Net margin24.5%+0.4pp

FCF margin28.4%+3.4pp

Returns & leverage

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Return on equity28.1%0.0pp

Debt / equity1×+0.2×

Current ratio1.4×0.0×

Where this comes from

Calculated from FactSet Research Systems’s reported figures.

$2.1Btotal debt−$277.4Mcash and equivalents=$1.78B

The official record: FactSet Research Systems’s 10-Q, filed April 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FactSet Research Systems's net debt?: FactSet Research Systems (FDS) reported net debt of $1.78B in Q4 2025.
How has FactSet Research Systems's net debt changed year-over-year?: FactSet Research Systems's net debt increased by 29.5% year-over-year, from $1.37B to $1.78B.
What is the long-term trend for FactSet Research Systems's net debt?: Over 5 years (2020 to 2025), FactSet Research Systems's net debt has grown at a 33.0% compound annual growth rate (CAGR), from $290.07M to $1.21B.