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Factset Research Systems Inc key statistics and ratios

In fiscal 2026, Factset Research Systems Inc had return on equity of 25.5%, an operating margin of 28.3%, debt equal to 68.7% of equity and a current ratio of 0.60. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Aug 20102011Aug 20112012Aug 20122013Aug 20132014Aug 20142015Aug 20152016Aug 20162017Aug 20172018Aug 20182019Aug 20192020Aug 20202021Aug 20212022Aug 20222023Aug 20232024Aug 20242025Aug 20252026Aug 2026
Gross margin——————56.8%53.6%51.2%53.8%53.5%50.6%52.8%53.3%54.1%52.7%50.6%
Operating margin34.6%32.8%33.9%31.4%32.8%33.0%31.0%28.8%27.1%30.5%29.4%29.8%25.8%30.2%31.8%32.2%28.3%
Net margin23.4%23.5%23.4%23.1%23.0%23.9%30.1%21.1%19.8%24.6%25.0%25.1%21.5%22.4%24.4%25.7%21.5%
Free-cash-flow margin29.7%24.5%26.0%29.3%26.9%27.9%25.1%23.2%26.1%25.6%28.7%31.0%26.4%28.0%27.9%26.6%28.6%
Return on equity29.9%33.6%35.4%36.3%40.2%46.2%64.6%48.0%49.2%58.9%47.5%41.8%33.8%31.7%30.4%29.1%25.5%
Return on assets23.3%26.3%27.9%28.7%31.3%34.4%38.6%21.2%18.9%23.7%20.5%18.5%12.7%11.7%13.4%14.3%12.6%
Asset turnover0.991.121.191.241.361.441.281.000.950.960.820.740.590.520.550.560.59
Current ratio2.432.502.642.691.962.182.332.041.952.673.052.961.991.591.251.400.60
Debt to equity0.0%0.0%0.0%0.0%0.0%6.6%58.0%102.7%109.3%85.4%64.1%56.5%150.2%100.3%71.9%62.9%68.7%
Interest cover (operating income ÷ interest)———————41.9x23.0x22.1x34.1x58.8x13.3x9.5x10.7x13.3x12.8x
Effective tax rate32.4%28.4%31.3%26.7%30.3%27.8%26.5%25.0%24.1%16.4%12.7%14.5%10.5%19.8%17.6%17.2%17.9%
R&D as % of revenue———————17.6%16.1%15.0%15.0%15.7%13.8%12.8%12.0%13.0%14.0%
SG&A as % of revenue33.2%33.5%31.9%32.9%28.7%26.8%25.7%24.8%24.0%23.3%22.9%20.8%23.5%23.2%22.2%20.5%22.3%
Capital spending as % of revenue3.2%4.0%2.8%2.2%1.9%2.6%4.2%3.0%2.5%4.1%5.2%3.9%2.8%2.9%3.9%4.7%4.6%
Free cash flow ÷ net income126.7%103.9%110.9%126.5%116.9%116.5%83.6%109.8%131.8%104.2%114.8%123.6%122.7%124.9%114.4%103.4%132.6%
Dividends ÷ net income25.6%25.7%26.5%28.2%28.8%27.6%21.9%31.3%33.5%28.4%29.6%29.5%31.7%29.6%28.1%26.8%30.8%
Dividends and buybacks ÷ free cash flow121.5%146.5%97.2%154.5%137.8%115.0%152.1%120.5%111.7%87.1%72.4%77.5%29.7%53.9%62.8%74.6%114.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 7 checks passed · August 31, 2026
What it owns · $4.1bn
Short-term assets $652mLonger-term assets $3.5bn
What it owes, and who funded it · $4.1bn
Short-term liabilities $1.1bnLonger-term liabilities $1.0bnShareholders' equity $2.0bn
  • Short-term assets cover short-term liabilities $652m of assets due within a year against $1.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $652m short-term assets against $1.0bn of longer-dated liabilities.
  • More cash than debt $233m of cash against $1.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 68% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 47% to 68% over five years.
  • A year's operating cash flow covers at least 20% of debt $822m of operating cash flow against $1.4bn of debt.
  • Operating profit covers interest at least five times over Operating income of $700m against $55m of interest.

From Factset Research Systems Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

90 /100

Strong moat

How hard Factset Research Systems's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 17.7% of total assets over 8 years.

  • Pricing power 18 / 20

    Gross margin has been a median 52.9%, moving by 1.2 percentage points (standard deviation) across 8 years.

  • Durability 20 / 20

    Operating margin has been a median 29.6%; its worst year was 25.8%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 27.2% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 5.1% over five years; stock-based pay has been a median 2.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (95 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Factset Research Systems Inc's SEC filings (10-K and 10-Q), retrieved October 21, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Factset Research Systems Inc.