FAIR ISAAC CORP
$720.19
+2.81 (+0.39%) · delayed · Nov 13, 2026
Five-year price
52w $586.05 to $1,858.91
- Market cap
- $15.4B
- Enterprise value
- $20.4B
- P/E
- 19.8×
- 25.9× on 3y avg EPS
- EV / EBIT
- 16.1×
- FCF yield
- 6.9%
- ROIC
- 82.2%
- Debt / equity
- —
- Piotroski F
- 7/9
Value scorecard · FY2026
Does it pass the value tests?
Quality
100
- ●ROIC > 12% (5y avg)5y avg ROIC 58.9%
- –ROE > 15% (5y avg)5y avg ROE n/a
- ●Stable operating marginsMargin volatility 3.6% (σ, 5y)
- ●Earnings convert to cashFCF / net income 122% (5y avg)
- ●Growing revenueRevenue CAGR 5y 14.0%
- ●Shrinking share countDiluted shares -21.4% over 5y
Value
33
- ○P/E below 15P/E 19.8
- ○EV/EBIT below 12EV/EBIT 16.1
- ●FCF yield above 6%FCF yield 6.9%
- –Price below Graham NumberGraham Number n/a
- –P/B below 3P/B n/a
Safety
25
- –Debt / equity below 0.5D/E n/a
- ○Debt payable in < 4 yrs of earningsNet debt $5.0B
- ○Interest coverage > 8xCoverage 5.7x
- ○Current ratio > 1.5Current ratio 0.99
- ●Piotroski F-score ≥ 6F-score 7/9
Graham Defensive
50
- ●Adequate size (revenue > $2B)Revenue $2.5B
- ○Strong condition (current ratio ≥ 2)Current ratio 0.99
- ●Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 473%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 25.9
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
At $720.19, the market is pricing in about 5.0% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $5.0B · 21M shares · 5y revenue CAGR 14.0%
Intrinsic value
$1,645.66
Price
$720.19
Margin of safety
56%
What the price implies
The market is paying for 5.0% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
66% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 935 | 1,000 | 1,160 | 1,295 | 1,317 | 1,377 | 1,514 | 1,718 | 1,991 | 2,535 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | 182 | 175 | 254 | 296 | 505 | 542 | 643 | 734 | 925 | 1,266 |
| Operating margin | 19.5% | 17.5% | 21.9% | 22.9% | 38.4% | 39.4% | 42.5% | 42.7% | 46.5% | 49.9% |
| Pre-tax income | 156 | 157 | 216 | 257 | 473 | 471 | 554 | 642 | 803 | 1,100 |
| Income tax | 23 | 30 | 24 | 21 | 81 | 98 | 124 | 129 | 151 | 265 |
| Net income | 133 | 126 | 192 | 236 | 392 | 374 | 429 | 513 | 652 | 835 |
| EPS (diluted) | 4.14 | 4.06 | 6.34 | 7.90 | 13.40 | 14.18 | 16.93 | 20.45 | 26.54 | 36.32 |
| Diluted shares | 32 | 31 | 30 | 30 | 29 | 26 | 25 | 25 | 25 | 23 |
Who owns it