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Intercontinental Exchange Inc. (ICE)
NYSE:ICE
US Market

Intercontinental Exchange (ICE) Ratios

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Intercontinental Exchange Ratios

ICE's free cash flow for Q4 2025 was $0.80. For the 2025 fiscal year, ICE's free cash flow was decreased by $ and operating cash flow was $0.39. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
1.02 1.02 0.99 1.00 1.05
Quick Ratio
1.02 1.02 0.99 1.00 1.05
Cash Ratio
<0.01 <0.01 <0.01 0.01 0.01
Solvency Ratio
0.05 0.05 0.04 0.03 0.01
Operating Cash Flow Ratio
0.06 0.06 0.05 0.04 0.02
Short-Term Operating Cash Flow Coverage
4.50 4.50 1.52 1.81 888.50
Net Current Asset Value
$ -22.12B$ -22.12B$ -22.61B$ -25.32B$ -14.63B
Leverage Ratios
Debt-to-Assets Ratio
0.15 0.15 0.15 0.17 0.09
Debt-to-Equity Ratio
0.70 0.70 0.75 0.89 0.81
Debt-to-Capital Ratio
0.41 0.41 0.43 0.47 0.45
Long-Term Debt-to-Capital Ratio
0.39 0.39 0.39 0.45 0.44
Financial Leverage Ratio
4.73 4.73 5.04 5.29 8.56
Debt Service Coverage Ratio
3.12 3.11 1.33 1.62 5.07
Interest Coverage Ratio
6.27 6.27 4.74 4.57 5.91
Debt to Market Cap
0.21 0.21 0.24 0.31 0.32
Interest Debt Per Share
36.87 36.87 37.72 42.06 33.97
Net Debt to EBITDA
2.92 2.93 3.27 4.48 4.80
Profitability Margins
Gross Profit Margin
61.88%61.88%55.45%57.14%53.99%
EBIT Margin
40.33%40.22%38.59%37.38%25.16%
EBITDA Margin
52.67%52.56%51.65%49.65%35.86%
Operating Profit Margin
38.74%38.74%36.64%37.30%37.75%
Pretax Profit Margin
34.42%34.42%30.85%29.22%18.76%
Net Profit Margin
26.14%26.14%23.42%23.91%15.01%
Continuous Operations Profit Margin
26.58%26.58%23.82%24.62%15.55%
Net Income Per EBT
75.95%75.95%75.91%81.82%79.98%
EBT Per EBIT
88.85%88.85%84.20%78.34%49.70%
Return on Assets (ROA)
2.41%2.41%1.98%1.74%0.74%
Return on Equity (ROE)
11.60%11.43%9.96%9.21%6.37%
Return on Capital Employed (ROCE)
9.28%9.28%8.64%7.18%8.05%
Return on Invested Capital (ROIC)
7.03%7.03%6.29%5.83%6.67%
Return on Tangible Assets
3.64%3.64%2.98%2.68%0.90%
Earnings Yield
3.60%3.57%3.23%3.27%2.52%
Efficiency Ratios
Receivables Turnover
3.94 3.94 3.76 3.36 2.45
Payables Turnover
4.47 4.47 4.98 4.23 5.12
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
4.70 4.70 5.46 5.15 5.45
Asset Turnover
0.09 0.09 0.08 0.07 0.05
Working Capital Turnover Ratio
9.27 20.99 -211.91 2.44 2.22
Cash Conversion Cycle
11.02 11.02 23.88 22.47 77.77
Days of Sales Outstanding
92.71 92.71 97.11 108.73 149.05
Days of Inventory Outstanding
0.00 0.00 0.00 0.00 0.00
Days of Payables Outstanding
81.68 81.68 73.22 86.26 71.29
Operating Cycle
92.71 92.71 97.11 108.73 149.05
Cash Flow Ratios
Operating Cash Flow Per Share
8.16 8.16 8.04 6.28 6.36
Free Cash Flow Per Share
7.51 7.51 7.34 5.41 5.50
CapEx Per Share
0.65 0.65 0.71 0.87 0.86
Free Cash Flow to Operating Cash Flow
0.92 0.92 0.91 0.86 0.86
Dividend Paid and CapEx Coverage Ratio
3.15 3.15 3.19 2.45 2.66
Capital Expenditure Coverage Ratio
12.50 12.50 11.35 7.24 7.37
Operating Cash Flow Coverage Ratio
0.23 0.23 0.22 0.15 0.19
Operating Cash Flow to Sales Ratio
0.37 0.37 0.39 0.36 0.37
Free Cash Flow Yield
4.68%4.64%4.92%4.21%5.36%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
27.80 28.00 31.00 30.59 39.66
Price-to-Sales (P/S) Ratio
7.26 7.32 7.26 7.31 5.95
Price-to-Book (P/B) Ratio
3.18 3.20 3.09 2.82 2.53
Price-to-Free Cash Flow (P/FCF) Ratio
21.38 21.57 20.31 23.73 18.67
Price-to-Operating Cash Flow Ratio
19.70 19.84 18.53 20.45 16.14
Price-to-Earnings Growth (PEG) Ratio
5.69 1.34 2.17 0.49 -0.62
Price-to-Fair Value
3.18 3.20 3.09 2.82 2.53
Enterprise Value Multiple
16.69 16.85 17.32 19.21 21.40
Enterprise Value
111.14B 111.94B 105.24B 94.45B 73.92B
EV to EBITDA
16.69 16.85 17.32 19.21 21.40
EV to Sales
8.79 8.86 8.95 9.54 7.67
EV to Free Cash Flow
25.91 26.10 25.04 30.94 24.06
EV to Operating Cash Flow
23.84 24.01 22.83 26.67 20.80
Tangible Book Value Per Share
-29.78 -29.78 -33.47 -39.16 -20.47
Shareholders’ Equity Per Share
50.63 50.63 48.25 45.60 40.62
Tax and Other Ratios
Effective Tax Rate
0.23 0.23 0.23 0.16 0.17
Revenue Per Share
22.13 22.13 20.53 17.56 17.24
Net Income Per Share
5.78 5.78 4.81 4.20 2.59
Tax Burden
0.76 0.76 0.76 0.82 0.80
Interest Burden
0.85 0.86 0.80 0.78 0.75
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.13 0.13 0.05 0.05 0.05
Stock-Based Compensation to Revenue
0.02 0.02 0.02 0.03 0.02
Income Quality
1.38 1.38 1.64 1.45 2.37
Currency in USD