Is the business good?
How good a business is FICO?
Fair Isaac earns 79% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
79%
Return on invested capital · cost of capital 9.0% · 70 points above what the capital costs: growth creates value
- Operating margin
- 52%
Operating margin · Software - Application median 8.2% · 12 months to Q3 2026
- Cash conversion
- 1.22×
Cash conversion · 1.23× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −7.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 23% |
| FY2021 | 38% |
| FY2022 | 39% |
| FY2023 | 42% |
| FY2024 | 43% |
| FY2025 | 46% |
Details›
- Gross margin12 months to Q3 2026
- 85%
- Operating margin12 months to Q3 2026
- 52%
- Net margin12 months to Q3 2026
- 34%
- Free cash flow margin
- 42%
- R&D as % of revenue
- 8.7%
- Revenue, trailing twelve months
- $2.39B
- Free cash flow, trailing twelve months
- $996M
- Net income, trailing twelve months
- $815M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 79%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Application
Ranks #11 of 90 by Smart Score