Intercontinental Exchange Inc. (ICE) vs Morningstar, Inc. (MORN)

Intercontinental Exchange Inc. and Morningstar, Inc. are both Financial Data & Stock Exchanges companies. Intercontinental Exchange Inc. is the larger, with a market value of $91.1B against $8.3B — 11.0× the size. Morningstar, Inc. trades at the lower P/E: 21.4× against 23.7×. Morningstar, Inc. grew revenue faster over the last twelve months: 9.33% against 8.98%. Intercontinental Exchange Inc. has the higher net margin (38.3% vs 16.4%) and the lower return on invested capital (7.48% vs 17.1%). Both pay a dividend; Intercontinental Exchange Inc. yields more (1.52% vs 0.88%). Across the 21 metrics below, Morningstar, Inc. leads on 13 and Intercontinental Exchange Inc. on 8.

Valuation

Metric ICE MORN Financial Data & Stock Exchanges median
P/E 23.70 21.39 24.61
P/S 9.02 3.34 6.88
P/B 3.21 8.38 4.24
Price to free cash flow 20.51 17.24 20.51
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.22% 4.68% 3.90%
Free cash flow yield 4.88% 5.80% 4.47%

Profitability

Metric ICE MORN Financial Data & Stock Exchanges median
Gross margin 98.59% 62.24% 72.94%
Operating margin 51.78% 23.53% 28.94%
Net margin 38.25% 16.43% 24.57%
Free cash flow margin 43.96% 19.38% 31.57%
Return on equity 13.89% 31.96% 15.23%
Return on assets 2.54% 11.13% 7.40%
Return on invested capital 7.48% 17.05% 10.23%

Growth

Metric ICE MORN Financial Data & Stock Exchanges median
Revenue growth (TTM) 8.98% 9.33% 9.16%
EPS growth (last fiscal year) 20.71% 3.38% 13.54%
Revenue growth, 5-year CAGR 10.47% 11.97% 9.24%
Net income growth, 5-year CAGR 9.68% 10.85% 10.85%

Health

Metric ICE MORN Financial Data & Stock Exchanges median
Debt to equity 0.63 1.67 0.55
Current ratio 1.01 1.06 1.04
Net debt to EBITDA 2.53 0.76 1.20

Dividend

Metric ICE MORN Financial Data & Stock Exchanges median
Dividend yield 1.52% 0.88% 1.18%
Payout ratio 0.36 0.19 0.32

Size

Metric ICE MORN Financial Data & Stock Exchanges median
Market cap 91.12b 8.26b 37.60b

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