Fair Isaac Corporation
Rank #17HypergrowthFICO · NYSE · Technology
Fair Isaac Corporation (FICO) — Rank #17 by gross profitability (GP/assets 0.80) · ROE -15.9% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0000814547 · all metrics point-in-time as of the filing date.
About
Fair Isaac Corporation provides analytics software in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
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It operates through two segments, Scores and Software. The Scores segment offers business-to-business scoring solutions and services that give clients access to predictive credit and other scores that can be integrated into their transaction streams and decision-making processes, as well as business-to-consumer scoring solutions comprising myFICO.com subscription offerings. Its Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, and marketing, as well as associated professional services. This segment also offers FICO Platform, a modular software offering designed to support advanced analytic and decision use cases, as well as stand-alone analytic and decisioning software that can be configured by customers to address a wide range of business use cases. In addition, the company offers analytic and decisioning software comprising FICO Decision Modeler, FICO Blaze Advisor, FICO Xpress Optimization, FICO Analytics Workbench, FICO Data Orchestrator, FICO DMP Streaming, FICO Business Outcome Simulator, and FICO Decision Optimizer; pre-configured solutions consisting of FICO Fraud Solutions, FICO Originations, FICO Customer Communication Service, FICO Strategy Director, and FICO TRIAD Customer Manager; and professional services software, including FICO Implementation Services and FICO Analytic Services. It markets its products and services primarily through its direct sales organization and indirect channels, as well as online. The company was formerly known as Fair Isaac & Company, Inc. and changed its name to Fair Isaac Corporation in July 1992.
Fair Isaac Corporation was founded in 1956 and is headquartered in Bozeman, Montana.
- Industry
- Software - Application
- Sector
- Technology
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- September 30
- Website
- fico.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$21.31B
P/E (annual)
37.2
P/S (annual)
10.7
P/B
—
P/OCF (annual)
27.4
Shareholder Yield
23.8%
Employees
3,876
Industry
Software - Application
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 4/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
13.9%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -23.8% — per-share value needs a total required return of -10.0% once share-count change is priced in.
vs. own 6-year median revenue growth: 24.8%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
9.2%
r = 10% (base)
13.9%
r = 12%
17.9%
Net debt / market cap: 20.6%
Note: current FCF margin is 1.8σ above its historical mean — implied growth may understate valuation risk if the margin reverts.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Disclosure regression check
2 previously-disclosed line items are no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.80
Primary signal (Novy-Marx).
2nd of 9 SIC 7389 peers
Return on equity
-15.9%
Gross margin
82.2%
1st of 9 SIC 7389 peers
Revenue growth (YoY)
113.6%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2018 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
13.1%
Revenue CAGR (5Y)
9.0%
Earnings CAGR (3Y)
20.4%
FCF CAGR (3Y)
15.2%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
—
Current ratio
1.18×
9th of 9 SIC 7389 peers
Quick ratio
1.13×
Net cash
-$4.99B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$769.88M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.18
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
7.9%
Stock-based comp intensity.
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).