COMP <GO>
ICE vs NDAQ // RETURN ON INVESTED CAPITAL (ROIC)
Intercontinental Exchange Inc. (NYSE) VS. Nasdaq Inc. (NASDAQ) • 15-METRIC TALLY: ICE 8
— NDAQ 3
▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: NDAQ
LAST: $168.85 (+3.56%) • MKT CAP: $94.36B
roic
8.30%
LAST: $106.23 (+0.60%) • MKT CAP: $58.95B
roic
9.10%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ICE VS. NDAQ)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | ICE | NDAQ | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) ACTIVE | 8.30% | 9.10% | -0.80 | NDAQ | /roic <GO> |
| EV/EBITDA & P/E Valuation | 20.8x | 26.0x | -5.20 | ICE | /valuation <GO> |
| Free Cash Flow Yield | 4.69% | 3.39% | +1.30 | ICE | /fcf-yield <GO> |
| Operating Margin | 39.00% | 28.20% | +10.80 | ICE | /operating-margins <GO> |
| Net Profit Margin | 26.20% | 21.60% | +4.60 | ICE | /net-margins <GO> |
| Revenue Growth (YoY) | 7.50% | 11.60% | -4.10 | NDAQ | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 1.21% | 1.03% | +0.18 | ICE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 9/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 62.3 | 73.8 | -11.50 | NDAQ | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.89 | 0.88 | +0.01 | ICE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 25.7x | 30.5x | -4.80 | ICE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $94.36B | $58.95B | $35.41B | ICE | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | ICE REV | NDAQ REV | ICE GROSS % | NDAQ GROSS % | ICE FCF | NDAQ FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $12.64B | $8.26B | — | 63.5% | $4.29B | $1.99B |
| FY 2024 | $11.76B | $7.40B | — | 62.8% | $4.20B | $1.73B |
| FY 2023 | $9.90B | $6.06B | — | — | $3.10B | $1.42B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
ICE // BETA 0.89
NDAQ // BETA 0.88