COMP <GO>
NDAQ vs ICE // OPERATING MARGIN
Nasdaq Inc. (NASDAQ) VS. Intercontinental Exchange Inc. (NYSE) • 15-METRIC TALLY: NDAQ 3
— ICE 8
▲ OPERATING MARGIN LEADER: ICE
LAST: $106.23 (+0.60%) • MKT CAP: $58.60B
operating-margins
28.20%
LAST: $168.85 (+3.56%) • MKT CAP: $91.53B
operating-margins
39.00%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NDAQ VS. ICE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | NDAQ | ICE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 9.10% | 8.30% | +0.80 | NDAQ | /roic <GO> |
| EV/EBITDA & P/E Valuation | 26.0x | 20.8x | +5.20 | ICE | /valuation <GO> |
| Free Cash Flow Yield | 3.39% | 4.69% | -1.30 | ICE | /fcf-yield <GO> |
| Operating Margin ACTIVE | 28.20% | 39.00% | -10.80 | ICE | /operating-margins <GO> |
| Net Profit Margin | 21.60% | 26.20% | -4.60 | ICE | /net-margins <GO> |
| Revenue Growth (YoY) | 11.60% | 7.50% | +4.10 | NDAQ | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 1.03% | 1.21% | -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 | 72.6 | 56.0 | +16.60 | NDAQ | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.88 | 0.89 | -0.01 | ICE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 30.5x | 25.7x | +4.80 | ICE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $58.60B | $91.53B | -$32.93B | ICE | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | NDAQ REV | ICE REV | NDAQ GROSS % | ICE GROSS % | NDAQ FCF | ICE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $8.26B | $12.64B | 63.5% | — | $1.99B | $4.29B |
| FY 2024 | $7.40B | $11.76B | 62.8% | — | $1.73B | $4.20B |
| FY 2023 | $6.06B | $9.90B | — | — | $1.42B | $3.10B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
NDAQ // BETA 0.88
ICE // BETA 0.89