Where do Intercontinental Exchange's ratios come from?

Every ratio is computed from Intercontinental Exchange's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	151.1%+4.9pp	146.3%-5.0pp	151.2%-1.4pp	152.6%+7.0pp
Net margin	98.2%+7.8pp	90.4%+8.7pp	81.7%-39.7pp	121.4%-13.2pp
EBITDA margin	201%+1.8pp	199.2%+2.6pp	196.6%+1.0pp	195.6%+7.1pp
Free cash flow margin	139.2%+0.4pp	138.8%-0.3pp	139.1%+5.6pp	133.5%+2.3pp
Returns
Return on equity	44.2%+5.5pp	38.7%+5.3pp	33.4%-19.0pp	52.4%-8.0pp
Return on assets	8.9%+1.6pp	7.2%+2.6pp	4.6%-1.9pp	6.5%-2.0pp
Return on invested capital	30.3%+2.3pp	28%-2.4pp	30.4%+0.7pp	29.7%+1.3pp
Efficiency
Asset turnover	0.4×0.0×	0.3×+0.1×	0.2×0.0×	0.2×0.0×
Liquidity
Current ratio	4×0.0×	4×-0.2×	4.2×0.0×	4.1×+0.1×
Quick ratio	4×0.0×	4×-0.2×	4.2×0.0×	4.1×+0.1×
Cash ratio	0×0.0×	0×0.0×	0.1×0.0×	0×0.0×
Leverage
Debt-to-equity	2.8×-0.4×	3.2×-0.2×	3.4×+0.3×	3.1×+0.3×
Debt-to-assets	0.6×-0.1×	0.6×0.0×	0.6×+0.3×	0.3×-0.1×
Net debt / EBITDA	12.2×-3.0×	15.2×-0.9×	16.1×+2.0×	14.1×+0.2×
Interest coverage	22.7×+5.0×	17.6×-2.4×	20×-8.7×	28.8×-2.4×
Per Share
Book value per share	$198.14+5.8%	$187.24+7.4%	$174.33+8.0%	$161.37+6.9%
Valuation
Market capitalization	$391.64B+17.4%	$333.69B+30.1%	$256.57B+9.5%	$234.3B-13.7%
Enterprise value	$468.28B+12.3%	$417.04B+25.2%	$333.17B+11.2%	$299.53B-9.0%
Price / earnings	128.5×-5.7×	134.2×-0.2×	134.4×+41.2×	93.2×-0.9×
Price / sales	31.4×+1.2×	30.2×+3.7×	26.5×+1.7×	24.8×-5.8×
Price / book	13.8×+1.4×	12.4×+1.9×	10.4×+0.1×	10.3×-2.4×
EV / EBITDA	74.8×-1.1×	75.9×+6.0×	69.9×+5.2×	64.7×-13.9×
EV / sales	37.5×-0.2×	37.8×+3.4×	34.4×+2.7×	31.7×-5.4×
Free cash flow yield	17.8%-0.7pp	18.4%-2.7pp	21.1%-1.1pp	22.2%+4.9pp
Earnings yield	12.6%+0.6pp	12%-0.3pp	12.3%-7.2pp	19.5%+2.0pp
Dividend yield	4.4%-0.4pp	4.9%-0.9pp	5.7%0.0pp	5.7%+1.4pp
PEG ratio	6.4×-98.7×	105.2×—	——	——

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Where do Intercontinental Exchange's ratios come from?: Every ratio is computed from Intercontinental Exchange's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.