Fair Isaac
FICO · Application Software
$815.31
1.0%Pegasystems
PEGA · Application Software
$36.42
0.6%The short version
- Fair Isaac is the larger business, with $2.0B of revenue in fiscal 2025 against $1.7B for Pegasystems.
- Pegasystems grew revenue faster (16.6%, against 15.9%).
- Fair Isaac kept more of each dollar of sales as operating profit (46.5% operating margin, against 15.1% operating margin).
- Fair Isaac turned more of its sales into free cash flow (38.7% FCF margin, against 28.1% FCF margin).
- Investors pay more for each dollar of Fair Isaac’s earnings: a P/E of 23.6x against 22.6x for Pegasystems.
| Latest fiscal year | FICO · FY25 | PEGA · FY25 |
|---|---|---|
| Size | ||
| Market cap | $18.5B | $6.1B |
| Revenue | $2.0B | $1.7B |
| Free cash flow | $770M | $491M |
| Net income | $652M | $393M |
| Growth | ||
| Revenue growth | 15.9% | 16.6% |
| 5-year growth | 9.0% | 11.4% |
| Share count change | −2.1% | 3.1% |
| Profitability | ||
| Gross margin | 82.2% | 75.9% |
| Operating margin | 46.5% | 15.1% |
| Net margin | 32.8% | 22.5% |
| FCF margin | 38.7% | 28.1% |
| Return on capital | 65.6% | — |
| Return on equity | — | 57.3% |
| Balance sheet | ||
| Net debt | $2.9B | −$426M |
| Net debt / EBITDA | 3.1x | −1.5x |
| Dividends and buybacks | $1.4B | $515M |
| Valuation & quality | ||
| P/E | 23.6x | 22.6x |
| Piotroski F-score | 7 | 6 |
FY16
FICO $881M
PEGA $762M
FY17
FICO $932M
PEGA $889M
FY18
FICO $1.0B
PEGA $892M
FY19
FICO $1.2B
PEGA $911M
FY20
FICO $1.3B
PEGA $1.0B
FY21
FICO $1.3B
PEGA $1.2B
FY22
FICO $1.4B
PEGA $1.3B
FY23
FICO $1.5B
PEGA $1.4B
FY24
FICO $1.7B
PEGA $1.5B
FY25
FICO $2.0B
PEGA $1.7B
FICO
PEGA
FY16
FICO 19.2%
PEGA 6.6%
FY17
FICO 19.5%
PEGA 10.5%
FY18
FICO 17.0%
PEGA −1.9%
FY19
FICO 21.9%
PEGA −14.8%
FY20
FICO 22.9%
PEGA −14.1%
FY21
FICO 38.4%
PEGA −7.8%
FY22
FICO 39.4%
PEGA −8.3%
FY23
FICO 42.5%
PEGA 5.7%
FY24
FICO 42.7%
PEGA 8.3%
FY25
FICO 46.5%
PEGA 15.1%
FICO
PEGA
FY16
FICO $188M
PEGA $20.8M
FY17
FICO $206M
PEGA $144M
FY18
FICO $192M
PEGA $92.5M
FY19
FICO $236M
PEGA −$52.8M
FY20
FICO $343M
PEGA −$25.9M
FY21
FICO $416M
PEGA $28.7M
FY22
FICO $503M
PEGA −$13.0M
FY23
FICO $465M
PEGA $201M
FY24
FICO $624M
PEGA $338M
FY25
FICO $770M
PEGA $491M
FICO
PEGA
FY16
FICO 17.7%
PEGA —
FY17
FICO 23.5%
PEGA —
FY18
FICO 21.5%
PEGA —
FY19
FICO 32.7%
PEGA —
FY20
FICO 34.1%
PEGA −21.3%
FY21
FICO 61.0%
PEGA −12.1%
FY22
FICO 64.5%
PEGA −16.1%
FY23
FICO 53.2%
PEGA 13.4%
FY24
FICO 56.0%
PEGA —
FY25
FICO 65.6%
PEGA —
FICO
PEGA
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.