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Nice

NICE Technology Software Application

Nice’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 7.68% from fiscal 2024.

Revenue
+7.65%
EPS
−53.2%
Free cash flow
+141.2%

Quarter to June 2026, against a year earlier

96.12 3.47 −3.48%
Market cap
$5.8B
P/E
13.8×
Fwd P/E
15.7×
Dividend yield
—
F-score
7/9
Altman Z
5.46
Beneish M
−2.15
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.05
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 0.64%

Capital & Financial Ratios $m

Size
Market Cap 5,820.00
Revenue ttm 3,069.41
Net income ttm 425.45
Free cash flow ttm 561.46
Net debt Q (354.69)
Valuation
P/E 13.81
Forward P/E 15.70
Price / sales 1.84
Forward P/S Powerpack
Price / FCF 10.07
Price / book 1.46
Financial health
Current ratio Q 1.33
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q +7.65% (above 0%: growing)
Operating income growth Q −35.24% (below 0%: shrinking)
EPS, this year −8.90% (below 0%: weak)
EPS, next year A +12.93%
Revenue, next year A +8.03%
EPS, past 5 yrs +26.54% (at or above 15%: strong)
EPS, next 5 yrs A +6.69%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.0×, against a ten-year median of 4.7×; over the ten years it ranged from 1.9× in 2026 to 10.3× in 2020.
P/E against its own 10 years 7.26%
10-year low 10-year high
P/S against its own 10 years 1.14%
10-year low 10-year high
P/B against its own 10 years 1.36%
10-year low 10-year high
EV/Sales against its own 10 years 1.03%
10-year low 10-year high
EV/FCF against its own 10 years 1.61%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2017–25
−100.0%/yr
  1. 0.16 ’17
  2. 0.00 ’18 −100
  3. 0.00 ’19
  4. 0.00 ’20
  5. 0.00 ’21
  6. 0.00 ’22
  7. 0.00 ’23
  8. 0.00 ’24
  9. 0.00 ’25
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,530 1,622 417 355
Receivables 585 644 738 837
Inventory — — — —
Other — — — —
2,313 2,505 1,379 1,468
2023 2024 2025 Q'26
Payables 66 111 101 104
ST’ Debt 209 459 — —
Other — — — —
1,120 1,474 888 1,105

Compound Annual Growth %

10y 5y 3y
Sales 12.26% 12.31% 10.53%
Cash Flow 11.34% 8.33% 14.31%
Earnings 8.99% 25.53% 32.03%
Book Value 10.60% 8.41% 8.26%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 2.63 Actual 2.70

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 3.17 3.18 Beat by 0.01
Dec 2025 3.21 3.24 Beat by 0.03
Mar 2026 2.52 2.64 Beat by 0.12
Jun 2026 2.63 2.70 Beat by 0.07
Sep 2026 2.78 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.77 1.40 — — —
’25 2.01 2.96 2.29 2.41 9.67
’24 1.60 1.76 1.86 1.54 6.76
’23 1.15 1.31 1.39 1.24 5.11
’22 0.87 0.99 1.07 1.07 4.00
’21 0.78 0.67 0.70 0.76 2.98
’20 0.71 0.68 0.76 0.83 2.98
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 769 782 — — —
’25 700 727 732 786 2,945
’24 659 664 690 722 2,735
’23 572 581 601 623 2,378
’22 527 531 555 569 2,181
’21 455 457 494 515 1,921
’20 410 393 410 435 1,648
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 179 123 — — —
’25 285 61 191 180 717
’24 254 170 159 250 833
’23 195 65 121 180 561
’22 193 16 94 177 480
’21 164 81 103 113 462
’20 155 60 99 167 480
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 149 93 — — —
’25 265 39 164 156 623
’24 228 148 132 225 733
’23 168 46 103 161 477
’22 172 (2) 75 153 398
’21 152 60 85 99 395
’20 136 42 85 154 417
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,016 1,332 1,445 1,574 1,648 1,921 2,181 2,378 2,735 2,945 3,069 +12.6% 3,182 3,470 3,879 +9.6%
Gross margin, % 66.74 64.82 65.61 66.21 65.90 67.50 68.66 67.69 66.75 66.41 65.12 (0.3) pt
EBT 144 130 187 234 237 241 345 458 605 704 618 +19.2%
EBT margin, % 14.23 9.73 12.93 14.88 14.39 12.52 15.83 19.25 22.11 23.90 20.14 +9.7 pt
Net income 117 143 159 186 196 199 266 338 443 612 425 +20.2%
Per share, $
Per share, $ Revenue 17.02 22.04 23.53 25.34 26.28 30.40 34.19 37.39 43.09 47.25 52.18 +12.0%
Earnings 1.96 2.37 2.60 2.99 3.13 3.15 4.17 5.32 6.97 9.82 6.96 +19.6%
Cash flow 3.82 6.53 6.46 6.02 7.66 7.31 7.52 8.83 13.12 11.50 11.43 +13.0%
Capex (0.60) (1.12) (1.04) (1.00) (1.01) (1.06) (1.28) (1.32) (1.57) (1.50) (1.88) +10.8%
Free cash flow 3.23 5.41 5.42 5.03 6.65 6.24 6.24 7.51 11.54 9.99 9.55 +13.4%
Book value 25.33 28.95 32.85 36.34 41.28 44.91 47.90 52.75 56.76 62.19 64.23 +10.5%
Shares, m 60 60 61 62 63 63 64 64 63 62 61 +0.5%
Valuation, ×
Valuation, × P/E 34.83 39.06 41.62 51.89 90.30 98.25 45.82 36.23 24.37 11.51 13.81 47.4
P/S 4.03 4.18 4.60 6.12 10.79 9.99 5.59 5.16 3.94 2.39 1.84 5.7
P/B 2.71 3.19 3.29 4.27 6.87 6.76 3.99 3.65 2.99 1.82 1.46 4.0
EV/Sales 4.30 4.24 4.59 6.14 10.31 9.52 5.12 4.79 3.68 2.56 2.03 5.5
EV/FCF 22.72 17.28 19.93 30.96 40.76 46.35 28.05 23.87 13.75 12.12 11.07 25.6
Cash, $m
Cash, $m Operating cash flow 228 395 397 374 480 462 480 561 833 717 672 +13.6%
Capex (36) (68) (64) (62) (63) (67) (82) (84) (100) (94) (111) +11.3%
Free cash flow 192 327 333 312 417 395 398 477 733 623 561 +13.9%
Balance, $m
Balance, $m Working capital 36 170 236 (65) 898 1,028 1,276 1,193 1,030 492 364 +33.5%
Net debt 278 55 (30) 26 (783) (892) (1,029) (863) (1,163) (417) (355) n/m
Shareholders’ equity 1,511 1,750 2,017 2,257 2,588 2,838 3,055 3,355 3,603 3,877 3,778 +11.0%
Returns, %
Returns, % ROA 5.22 5.23 5.27 5.45 5.01 4.46 5.56 6.78 8.50 11.77 8.16 +6.6 pt
ROIC 4.69 5.20 6.22 6.53 8.38 8.48 10.34 10.92 13.98 11.67 10.37 +7.0 pt
ROE 7.99 8.79 8.46 8.70 8.10 7.34 9.03 10.56 12.72 16.37 0.00 +8.4 pt
People
People Employees 4,930 5,208 5,504 5,996 6,383 7,102 7,926 8,384 8,726 9,626 — +7.7%
Revenue/emp, $m 0.21 0.26 0.26 0.26 0.26 0.27 0.28 0.28 0.31 0.31 — +4.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Nice vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NAVN Navan, Inc. $7.1B — (loss-making) — (loss-making) +35.38% (above 0%: growing) n/m +618.65% (above 0%: growing) 74.09% (10.98%) Compare
CVLT CommVault Systems, Inc. $6.7B 81.0× 62.1× +13.11% (above 0%: growing) +113.79% (above 0%: growing) −3.69% (below 0%: shrinking) 81.15% 9.72% Compare
RNG Ringcentral, Inc. $6.6B 9.5× 10.0× +5.85% (above 0%: growing) +3,442.11% (above 0%: growing) +21.03% (above 0%: growing) 73.12% 7.97% Compare
KVYO Klaviyo, Inc. $6.1B 1,120× — (loss-making) +24.55% (above 0%: growing) n/m −14.79% (below 0%: shrinking) 74.22% (1.16%) Compare
NIQ NIQ Global Intelligence plc $6.0B — (loss-making) — (loss-making) +8.01% (above 0%: growing) n/m +199.46% (above 0%: growing) 55.52% 5.81% Compare
NICE Nice $5.8B 13.8× 15.7× +7.65% (above 0%: growing) −53.16% (below 0%: shrinking) +141.20% (above 0%: growing) 64.04% 13.29%
OCTV Octave Intelligence plc $5.8B — — — — — — — Compare
PEGA Pegasystems Inc. $5.6B 19.3× 31.6× +3.15% (above 0%: growing) −64.00% (below 0%: shrinking) −96.98% (below 0%: shrinking) 73.60% 3.78% Compare
BRZE Braze, Inc. $5.2B — (loss-making) — (loss-making) +26.16% (above 0%: growing) n/m +515.45% (above 0%: growing) 66.83% (7.98%) Compare
Median of peers $6.0B 50.1× 31.6× +13.11% +113.79% +21.03% 73.60% 3.78%

All 230 Software Application stocks →

Nice (NICE) Latest News

4 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · Associated Press
Impact 3 · · Business Wire

27 Oct

Impact 4 · · Simply Wall St.
Impact 4 ·

26 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 4 · · Insider Monkey
Impact 3 · · Zacks

23 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

21 Oct

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Zacks

20 Oct

Impact 3 · · Zacks

19 Oct

Impact 3 · · Zacks

13 Oct

Impact 3 · · Zacks

12 Oct

Impact 3 · · Zacks

10 Oct

Impact 3 · · Simply Wall St.

9 Oct

Impact 3 · · Zacks

7 Oct

Impact 4 · · Simply Wall St.

5 Oct

Impact 3 · · GlobeNewswire
Impact 3 · · Zacks

2 Oct

Impact 3 · · Zacks

1 Oct

Impact 4 ·

28 Sep

Impact 3 · · Zacks
Impact 3 ·

24 Sep

Impact 3 · · Zacks

NICE metrics, ten years each

stockrow.com/NICE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com