Intercontinental Exchange Inc. (ICE) vs Nasdaq, Inc. (NDAQ)

Intercontinental Exchange Inc. and Nasdaq, Inc. are both Financial Data & Stock Exchanges companies. Intercontinental Exchange Inc. is the larger, with a market value of $97.2B against $59.3B — 1.6× the size. Intercontinental Exchange Inc. trades at the lower P/E: 23.6× against 28.9×. Intercontinental Exchange Inc. grew revenue faster over the last twelve months: 11.9% against 11.5%. Intercontinental Exchange Inc. has the higher net margin (38.1% vs 22.8%) and the lower return on invested capital (8.08% vs 8.56%). Both pay a dividend; Intercontinental Exchange Inc. yields more (1.17% vs 1.08%). Across the 21 metrics below, Intercontinental Exchange Inc. leads on 15 and Nasdaq, Inc. on 6.

Valuation

Metric ICE NDAQ Financial Data & Stock Exchanges median
P/E 23.56 28.91 24.85
P/S 8.96 6.53 6.75
P/B 3.26 4.98 4.56
Price to free cash flow 20.23 26.47 20.23
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.24% 3.46% 4.00%
Free cash flow yield 4.94% 3.78% 4.59%

Profitability

Metric ICE NDAQ Financial Data & Stock Exchanges median
Gross margin 98.65% 63.17% 72.83%
Operating margin 52.26% 29.85% 29.06%
Net margin 38.14% 22.78% 25.36%
Free cash flow margin 44.27% 24.68% 32.14%
Return on equity 14.20% 17.34% 17.00%
Return on assets 2.62% 7.18% 8.22%
Return on invested capital 8.08% 8.56% 10.55%

Growth

Metric ICE NDAQ Financial Data & Stock Exchanges median
Revenue growth (TTM) 11.92% 11.45% 10.44%
EPS growth (last fiscal year) 20.71% 60.10% 13.54%
Revenue growth, 5-year CAGR 10.47% 7.99% 9.24%
Net income growth, 5-year CAGR 9.68% 13.89% 10.85%

Health

Metric ICE NDAQ Financial Data & Stock Exchanges median
Debt to equity 0.68 0.71 0.67
Current ratio 1.03 1.00 1.04
Net debt to EBITDA 2.53 2.61 1.20

Dividend

Metric ICE NDAQ Financial Data & Stock Exchanges median
Dividend yield 1.17% 1.08% 1.13%
Payout ratio 0.28 0.32 0.29

Size

Metric ICE NDAQ Financial Data & Stock Exchanges median
Market cap 97.24b 59.29b 38.07b

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