Intercontinental Exchange, Inc. ICE NYSE

Intercontinental Exchange, Inc. (ICE) generated $4.66B in operating cash flow for fiscal year 2025. After capital expenditures of $373M, free cash flow was $4.29B.

Free cash flow margin was 33.9% of revenue. Cash conversion ratio was 1.38x, indicating earnings are backed by cash.

The company returned $1.11B in dividends and $1.39B in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (84/100, Pass) — $4.29B (33.9% FCF margin) supports a durable competitive advantage
• INCOME (85/100) — Cash conversion ratio was 1.38x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 76/100 with 5/7 criteria passed.