NICENasdaqServices-Prepackaged SoftwareFiscal year ends December 31Also trades as NCSYF
NICE Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Feb 26, 2026
$113.84+1.67 (+1.49%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 11.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
66.4%+0.5 pts over 5 years
Operating margin
21.9%+7.2 pts over 5 years
Net margin
20.8%+8.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.7% | +10.5% | +12.3% | +12.3% | |
| Gross profit | +7.1% | +9.3% | +12.5% | +12.1% | |
| Operating income | +18.3% | +24.4% | +21.7% | +14.5% | |
| Net income | +39.3% | +32.2% | +25.5% | +9.0% | |
| EPS, diluted | +43.0% | +34.2% | +26.5% | +8.6% | |
| Free cash flow | -12.5% | +15.9% | +8.9% | +11.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.0% | 8.2% | 16.4% | |
| Return on assets | 5.2% | 5.0% | 11.8% | |
| Current ratio | 1.08 | 1.86 | 1.55 | |
| Debt to equity | 0.31 | 0.27 | – | |
| Net debt to EBITDA | 1.45× | 0.56× | – | |
| Interest coverage | 72.1× | 31.2× | – | |
| Inventory turnover | 61.9× | – | – | |
| Capex to revenue | 2.7% | 1.5% | 0.6% | |
| Diluted shares | 0M | 66M | 63M |
Where the cash went
Fiscal 2021 to 2025, five years combined
NICE generated $3.05B from operations and spent $1.50B on capital expenditure, dividends and share buybacks. 9% of that went back into the business.
Generated
$3.05B
Used
$1.50B
Capital expenditure$139.75M9%Dividends$00%Share buybacks$1.36B91%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin20.8%
×Asset turnover0.57×
×Equity multiplier1.39×
=Return on equity, FY202516.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 20.8% | 0.57× | 1.39× | 16.4% |
| FY2024 | 16.1% | 0.53× | 1.50× | 12.7% |
| FY2023 | 14.2% | 0.48× | 1.56× | 10.5% |
| FY2022 | 12.2% | 0.46× | 1.63× | 9.0% |
| FY2021 | 10.4% | 0.43× | 1.66× | 7.4% |
| FY2020 | 11.9% | 0.42× | 1.63× | 8.2% |
| FY2019 | 11.8% | 0.46× | 1.60× | 8.7% |
| FY2018 | 11.0% | 0.48× | 1.61× | 8.5% |
| FY2017 | 10.8% | 0.49× | 1.68× | 8.8% |
| FY2016 | 11.5% | 0.45× | 1.53× | 8.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$612.10M
- Cash generatingOperating cash flow above zero$716.55M
- Return on assets improvedROA up on the prior year8.6% → 11.6%
- Earnings backed by cashOperating cash flow above net income$716.55M vs $612.10M
- Less leverageLong-term debt to assets fell0.0% → –
- Better liquidityCurrent ratio rose1.70 → 1.55
- No dilutionShare count did not rise66M → 63M
- Gross margin improvedGross margin up on the prior year66.75% → 66.41%
- More efficientAsset turnover rose0.53 → 0.56