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SSB vs ICE
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Data & Stock Exchanges
SSB vs ICE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Banks - Regional | Financial - Data & Stock Exchanges |
| Market Cap | $9.92B | $86.89B |
| Revenue (TTM) | $3.76B | $12.64B |
| Net Income (TTM) | $799M | $3.30B |
| Gross Margin | 68.3% | 61.9% |
| Operating Margin | 27.9% | 38.7% |
| Forward P/E | 10.4x | 19.1x |
| Total Debt | $1.31B | $20.28B |
| Cash & Equiv. | $583M | $837M |
SSB vs ICE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| SouthState Corporat… (SSB) | 100 | 187.7 | +87.7% |
| Intercontinental Ex… (ICE) | 100 | 157.7 | +57.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SSB vs ICE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SSB carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 16 yrs, beta 1.02, yield 2.3%
- Rev growth 57.0%, EPS growth 12.8%
- PEG 0.36 vs ICE's 2.15
ICE is the clearest fit if your priority is long-term compounding and sleep-well-at-night.
- 222.9% 10Y total return vs SSB's 69.5%
- Lower volatility, beta 0.33, Low D/E 69.9%, current ratio 1.02x
- Beta 0.33, yield 1.3%, current ratio 1.02x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 57.0% NII/revenue growth vs ICE's 7.5% | |
| Value | Lower P/E (10.4x vs 19.1x), PEG 0.36 vs 2.15 | |
| Quality / Margins | Efficiency ratio 0.2% vs SSB's 0.4% (lower = leaner) | |
| Stability / Safety | Beta 0.33 vs SSB's 1.02 | |
| Dividends | 2.3% yield, 16-year raise streak, vs ICE's 1.3% | |
| Momentum (1Y) | +14.6% vs ICE's -11.3% | |
| Efficiency (ROA) | Efficiency ratio 0.2% vs SSB's 0.4% |
SSB vs ICE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
SSB vs ICE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ICE leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
ICE is the larger business by revenue, generating $12.6B annually — 3.4x SSB's $3.8B. Profitability is closely matched — net margins range from 26.1% (ICE) to 21.3% (SSB).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.8B | $12.6B |
| EBITDAEarnings before interest/tax | $1.2B | $6.5B |
| Net IncomeAfter-tax profit | $799M | $3.3B |
| Free Cash FlowCash after capex | $154M | $4.3B |
| Gross MarginGross profit ÷ Revenue | +68.3% | +61.9% |
| Operating MarginEBIT ÷ Revenue | +27.9% | +38.7% |
| Net MarginNet income ÷ Revenue | +21.3% | +26.1% |
| FCF MarginFCF ÷ Revenue | -14.4% | +33.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +30.9% | +23.1% |
Valuation Metrics
SSB leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 12.6x trailing earnings, SSB trades at a 53% valuation discount to ICE's 26.6x P/E. Adjusting for growth (PEG ratio), SSB offers better value at 0.43x vs ICE's 2.99x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $9.9B | $86.9B |
| Enterprise ValueMkt cap + debt − cash | $10.6B | $106.3B |
| Trailing P/EPrice ÷ TTM EPS | 12.55x | 26.59x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.43x | 19.14x |
| PEG RatioP/E ÷ EPS growth rate | 0.43x | 2.99x |
| EV / EBITDAEnterprise value multiple | 9.09x | 16.47x |
| Price / SalesMarket cap ÷ Revenue | 2.64x | 6.88x |
| Price / BookPrice ÷ Book value/share | 1.10x | 3.02x |
| Price / FCFMarket cap ÷ FCF | — | 20.26x |
Profitability & Efficiency
ICE leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
ICE delivers a 11.6% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $9 for SSB. SSB carries lower financial leverage with a 0.15x debt-to-equity ratio, signaling a more conservative balance sheet compared to ICE's 0.70x. On the Piotroski fundamental quality scale (0–9), ICE scores 9/9 vs SSB's 4/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +9.0% | +11.6% |
| ROA (TTM)Return on assets | +1.2% | +2.3% |
| ROICReturn on invested capital | +9.2% | +7.5% |
| ROCEReturn on capital employed | +4.8% | +9.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 9 |
| Debt / EquityFinancial leverage | 0.15x | 0.70x |
| Net DebtTotal debt minus cash | $731M | $19.4B |
| Cash & Equiv.Liquid assets | $583M | $837M |
| Total DebtShort + long-term debt | $1.3B | $20.3B |
| Interest CoverageEBIT ÷ Interest expense | 0.97x | 6.53x |
Total Returns (Dividends Reinvested)
SSB leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ICE five years ago would be worth $14,243 today (with dividends reinvested), compared to $12,280 for SSB. Over the past 12 months, SSB leads with a +14.6% total return vs ICE's -11.3%. The 3-year compound annual growth rate (CAGR) favors SSB at 18.0% vs ICE's 14.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +5.3% | -3.8% |
| 1-Year ReturnPast 12 months | +14.6% | -11.3% |
| 3-Year ReturnCumulative with dividends | +64.2% | +48.2% |
| 5-Year ReturnCumulative with dividends | +22.8% | +42.4% |
| 10-Year ReturnCumulative with dividends | +69.5% | +222.9% |
| CAGR (3Y)Annualised 3-year return | +18.0% | +14.0% |
Risk & Volatility
Evenly matched — SSB and ICE each lead in 1 of 2 comparable metrics.
Risk & Volatility
ICE is the less volatile stock with a 0.33 beta — it tends to amplify market swings less than SSB's 1.02 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SSB currently trades 91.0% from its 52-week high vs ICE's 81.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.02x | 0.33x |
| 52-Week HighHighest price in past year | $108.46 | $189.35 |
| 52-Week LowLowest price in past year | $84.48 | $143.17 |
| % of 52W HighCurrent price vs 52-week peak | +91.0% | +81.0% |
| RSI (14)Momentum oscillator 0–100 | 51.9 | 42.0 |
| Avg Volume (50D)Average daily shares traded | 864K | 3.1M |
Analyst Outlook
SSB leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates SSB as "Buy" and ICE as "Buy". Consensus price targets imply 27.6% upside for ICE (target: $196) vs 19.8% for SSB (target: $118). For income investors, SSB offers the higher dividend yield at 2.33% vs ICE's 1.26%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $118.20 | $195.71 |
| # AnalystsCovering analysts | 20 | 36 |
| Dividend YieldAnnual dividend ÷ price | +2.3% | +1.3% |
| Dividend StreakConsecutive years of raises | 16 | 14 |
| Dividend / ShareAnnual DPS | $2.30 | $1.93 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.4% | +1.6% |
SSB leads in 3 of 6 categories (Valuation Metrics, Total Returns). ICE leads in 2 (Income & Cash Flow, Profitability & Efficiency). 1 tied.
SSB vs ICE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is SSB or ICE a better buy right now?
For growth investors, SouthState Corporation (SSB) is the stronger pick with 57.
0% revenue growth year-over-year, versus 7. 5% for Intercontinental Exchange, Inc. (ICE). SouthState Corporation (SSB) offers the better valuation at 12. 6x trailing P/E (10. 4x forward), making it the more compelling value choice. Analysts rate SouthState Corporation (SSB) a "Buy" — based on 20 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SSB or ICE?
On trailing P/E, SouthState Corporation (SSB) is the cheapest at 12.
6x versus Intercontinental Exchange, Inc. at 26. 6x. On forward P/E, SouthState Corporation is actually cheaper at 10. 4x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: SouthState Corporation wins at 0. 36x versus Intercontinental Exchange, Inc. 's 2. 15x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — SSB or ICE?
Over the past 5 years, Intercontinental Exchange, Inc.
(ICE) delivered a total return of +42. 4%, compared to +22. 8% for SouthState Corporation (SSB). Over 10 years, the gap is even starker: ICE returned +222. 9% versus SSB's +69. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SSB or ICE?
By beta (market sensitivity over 5 years), Intercontinental Exchange, Inc.
(ICE) is the lower-risk stock at 0. 33β versus SouthState Corporation's 1. 02β — meaning SSB is approximately 213% more volatile than ICE relative to the S&P 500. On balance sheet safety, SouthState Corporation (SSB) carries a lower debt/equity ratio of 15% versus 70% for Intercontinental Exchange, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — SSB or ICE?
By revenue growth (latest reported year), SouthState Corporation (SSB) is pulling ahead at 57.
0% versus 7. 5% for Intercontinental Exchange, Inc. (ICE). On earnings-per-share growth, the picture is similar: Intercontinental Exchange, Inc. grew EPS 20. 7% year-over-year, compared to 12. 8% for SouthState Corporation. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SSB or ICE?
Intercontinental Exchange, Inc.
(ICE) is the more profitable company, earning 26. 1% net margin versus 21. 3% for SouthState Corporation — meaning it keeps 26. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ICE leads at 38. 7% versus 27. 9% for SSB. At the gross margin level — before operating expenses — SSB leads at 68. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SSB or ICE more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, SouthState Corporation (SSB) is the more undervalued stock at a PEG of 0. 36x versus Intercontinental Exchange, Inc. 's 2. 15x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, SouthState Corporation (SSB) trades at 10. 4x forward P/E versus 19. 1x for Intercontinental Exchange, Inc. — 8. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ICE: 27. 6% to $195. 71.
08Which pays a better dividend — SSB or ICE?
All stocks in this comparison pay dividends.
SouthState Corporation (SSB) offers the highest yield at 2. 3%, versus 1. 3% for Intercontinental Exchange, Inc. (ICE).
09Is SSB or ICE better for a retirement portfolio?
For long-horizon retirement investors, Intercontinental Exchange, Inc.
(ICE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 33), 1. 3% yield, +222. 9% 10Y return). Both have compounded well over 10 years (ICE: +222. 9%, SSB: +69. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SSB and ICE?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SSB is a small-cap high-growth stock; ICE is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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