Jack Henry & Associates, Inc.
Rank #172HypergrowthJKHY · Nasdaq · Technology
Jack Henry & Associates, Inc. (JKHY) — Rank #172 by gross profitability (GP/assets 0.35) · ROE 24.5% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0000779152 · all metrics point-in-time as of the filing date.
About
Jack Henry & Associates, Inc. operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services in the United States.
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It operates through four segments: Core, Payments, Complementary, and Corporate Services. The Core segment provides core information processing platforms to banks and credit unions, which consists of integrated applications required to process deposit, loan, general ledger transactions, and maintain centralized accountholder information. The Payments segment offers secure payment processing tools and services, including ATM, money movement and embedded payment capabilities, remote deposit capture processing, and risk management products and services, as well as debit and credit card processing services, and online and mobile bill pay solutions. The Complementary segment provides software, and hosted processing platforms and services comprising digital/mobile banking, treasury, online account opening, fraud/anti-money laundering, and lending/deposit solutions. The Corporate Services segment offers hardware and other products. It offers specialized financial performance, imaging and payment, information security and risk management, retail delivery, and online and mobile solutions to financial services organizations and corporate entities. The company also provides SilverLake system, a system primarily designed for commercial-focused banks; CIF 20/20, a parameter-driven system for banks; and Core Director, a system with point-and-click operation for banks; and Symitar, a system designed for credit unions. It provides digital products and services under the Banno Digital Platform, and electronic payment solutions; hardware systems; implementation, training, and support and services; and data and transaction processing, and software licensing and related services, as well as professional services.
The company was founded in 1976 and is headquartered in Monett, Missouri.
- Industry
- Information Technology Services
- Sector
- Technology
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- June 30
- Website
- jackhenry.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$11.63B
P/E (annual)
23.8
P/S (annual)
4.6
P/B
5.7
P/OCF (annual)
15.3
Shareholder Yield
9.4%
Employees
7,300
Industry
Information Technology Services
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 3/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
5.7%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -7.9% — per-share value needs a total required return of -2.3% once share-count change is priced in.
vs. own 6-year median revenue growth: 7.3%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
1.5%
r = 10% (base)
5.7%
r = 12%
9.3%
Net debt / market cap: 0.6%
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)
0.35
Primary signal (Novy-Marx).
4th of 8 SIC 7373 peers
Return on equity
24.5%
Gross margin
43.7%
4th of 7 SIC 7373 peers
Revenue growth (YoY)
77.8%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
—
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
11.1%
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.53
4th of 8 SIC 7373 peers (best = lowest)
Current ratio
1.17×
7th of 8 SIC 7373 peers
Quick ratio
0.66×
Net cash
-$69.43M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$694.86M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.38
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.3%
Stock-based comp intensity.
Dividend safety
Composite score
4.0 / 5
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.