Latest Ratios: P/E Ratio 36.4x · EV/EBITDA 18.5x · ROE 15.4%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.1B | $5.0B | $5.5B | $3.3B | $2.6B | $4.1B | $4.5B | $4.5B | $3.3B | $2.7B | $2.2B |
| Enterprise Value | $6.8B | $5.7B | $6.3B | $4.2B | $3.6B | $5.1B | $5.6B | $5.8B | $3.8B | $3.3B | $2.8B |
| P/E Ratio → | 36.42 | 22.13 | 27.18 | 27.32 | 18.55 | 32.13 | 61.98 | 66.46 | 46.90 | 566.75 | 16.65 |
| P/S Ratio | 3.46 | 2.85 | 3.47 | 2.29 | 1.85 | 3.00 | 3.51 | 3.57 | 3.22 | 2.64 | 2.14 |
| P/B Ratio | 4.14 | 3.30 | 3.88 | 2.52 | 2.20 | 3.31 | 3.76 | 3.98 | 3.11 | 3.54 | 2.86 |
| P/FCF | 14.96 | 16.17 | 16.10 | 25.48 | 25.39 | 23.51 | 15.67 | 53.10 | 23.24 | 29.50 | 58.70 |
| P/OCF | 18.90 | 15.52 | 15.41 | 19.77 | 18.33 | 18.67 | 13.49 | 33.88 | 17.70 | 18.52 | 21.61 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.23 | 3.93 | 2.92 | 2.56 | 3.73 | 4.31 | 4.61 | 3.74 | 3.25 | 2.81 |
| EV / EBITDA | 18.51 | 12.90 | 14.62 | 11.97 | 10.63 | 14.46 | 18.09 | 22.14 | 16.92 | 17.79 | 8.70 |
| EV / EBIT | 20.54 | 15.60 | 19.41 | 18.77 | 14.00 | 23.24 | 35.95 | 42.61 | 28.34 | 40.25 | 12.51 |
| EV / FCF | — | 18.35 | 18.26 | 32.46 | 35.15 | 29.21 | 19.27 | 68.63 | 26.98 | 36.21 | 76.88 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.0% | 49.0% | 50.3% | 50.5% | 51.0% | 53.4% | 51.9% | 50.9% | 57.4% | 55.8% | 55.8% |
| Operating Margin | 18.7% | 18.7% | 19.3% | 15.2% | 14.3% | 15.3% | 11.2% | 9.8% | 12.5% | 8.3% | 22.0% |
| Net Profit Margin | 12.9% | 12.9% | 12.7% | 8.4% | 10.0% | 9.3% | 5.6% | 5.3% | 6.8% | 0.5% | 12.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.4% | 15.4% | 14.8% | 9.7% | 11.7% | 10.4% | 6.2% | 6.2% | 7.6% | 0.7% | 18.4% |
| ROA | 7.4% | 7.4% | 6.3% | 3.7% | 4.5% | 3.9% | 2.2% | 2.5% | 3.5% | 0.3% | 6.7% |
| ROIC | 11.4% | 11.4% | 10.5% | 7.4% | 6.9% | 7.0% | 4.6% | 4.6% | 6.4% | 4.5% | 11.4% |
| ROCE | 13.7% | 13.7% | 12.8% | 9.3% | 8.6% | 8.6% | 5.6% | 5.5% | 7.5% | 5.5% | 14.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.57 | 0.57 | 0.67 | 0.81 | 0.95 | 0.90 | 1.00 | 1.27 | 0.64 | 0.90 | 0.99 |
| Debt / EBITDA | 1.98 | 1.98 | 2.23 | 3.04 | 3.32 | 3.17 | 3.92 | 5.47 | 3.01 | 3.67 | 2.29 |
| Net Debt / Equity | — | 0.44 | 0.52 | 0.69 | 0.85 | 0.80 | 0.86 | 1.16 | 0.50 | 0.81 | 0.89 |
| Net Debt / EBITDA | 1.53 | 1.53 | 1.73 | 2.57 | 2.95 | 2.82 | 3.38 | 5.01 | 2.34 | 3.30 | 2.06 |
| Debt / FCF | — | 2.18 | 2.16 | 6.98 | 9.76 | 5.70 | 3.60 | 15.53 | 3.74 | 6.71 | 18.18 |
| Interest Coverage | 6.30 | 6.30 | 4.46 | 2.88 | 4.88 | 4.89 | 2.74 | 2.13 | 3.21 | 2.12 | 5.62 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.54 | 1.54 | 1.64 | 1.36 | 1.30 | 1.24 | 1.28 | 1.50 | 1.91 | 1.31 | 1.08 |
| Quick Ratio | 1.54 | 1.54 | 1.64 | 1.36 | 1.30 | 1.24 | 1.28 | 1.50 | 1.83 | 1.24 | 1.02 |
| Cash Ratio | 0.28 | 0.28 | 0.36 | 0.16 | 0.15 | 0.16 | 0.18 | 0.20 | 0.50 | 0.22 | 0.20 |
| Asset Turnover | — | 0.57 | 0.53 | 0.42 | 0.44 | 0.43 | 0.38 | 0.39 | 0.48 | 0.55 | 0.53 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 18.49 | 19.48 | 17.19 |
| Days Sales Outstanding | — | 174.89 | 94.87 | 113.66 | 103.65 | 85.33 | 96.69 | 104.19 | 125.86 | 107.21 | 104.20 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 4.5% | 3.7% | 3.7% | 5.4% | 3.1% | 1.6% | 1.5% | 2.1% | 0.2% | 6.0% |
| FCF Yield | 6.7% | 6.2% | 6.2% | 3.9% | 3.9% | 4.3% | 6.4% | 1.9% | 4.3% | 3.4% | 1.7% |
| Buyback Yield | 3.3% | 4.0% | 2.3% | 0.8% | 7.9% | 2.6% | 0.6% | 0.8% | 1.7% | 1.4% | 2.8% |
| Total Shareholder Yield | 3.3% | 4.0% | 2.3% | 0.8% | 7.9% | 2.6% | 0.6% | 0.8% | 1.7% | 1.4% | 2.8% |
| Shares Outstanding | — | $105M | $106M | $109M | $114M | $119M | $118M | $119M | $118M | $119M | $119M |
Includes 30+ ratios · 30 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ACIW stock.
ACI Worldwide, Inc.'s current P/E ratio is 36.4x. The historical average is 35.1x. This places it at the 69th percentile of its historical range.
ACI Worldwide, Inc.'s current EV/EBITDA is 18.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.5x.
ACI Worldwide, Inc.'s return on equity (ROE) is 15.4%. The historical average is 11.9%.
Based on historical data, ACI Worldwide, Inc. is trading at a P/E of 36.4x. This is at the 69th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ACI Worldwide, Inc. has 49.0% gross margin and 18.7% operating margin. Operating margin between 10-20% is typical for established companies.
ACI Worldwide, Inc.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Margin compression from transaction mix
Metrics are mathematically derived from official filings.
Margin Volatility Masks Mix Shift
Gross margin swung from 53.7% in 2025Q3 to 42.2% in 2026Q2, a 1,150 basis point swing, reflecting lumpy license revenue and dilutive transaction volumes, as reported in quarterly financials.
The recurring gross margin compression in quarters with high transaction volume suggests that ACIW's growth is increasingly reliant on lower-margin biller and merchant processing rather than high-value software licenses. Operating margin at 10.4% in 2026Q2, down from 22.6% in 2025Q4, indicates that the company is not currently benefiting from operating leverage, as R&D and SG&A expenses are growing faster than gross profit. This pattern implies that the reported net margin of 7.4% may not be sustainable if the mix shift toward transaction-based revenue persists.
ROIC Trapped by Intangible-Heavy Base
ROIC improved to 1.5% in 2026Q2 from 0.3% in 2024Q1, but remains far below the 21% peer average at Jack Henry, as per reported figures.
The low ROIC is largely a function of the $1.2 billion goodwill and intangibles on the balance sheet, which inflate the invested capital base without contributing to operating income. Even with improving operating margins, the return on capital is unlikely to approach peer levels unless the company can grow earnings without proportional increases in intangible assets. This suggests that ACIW's capital efficiency is structurally constrained by its acquisition history, and investors should focus on incremental returns on new investments rather than the absolute ROIC level.
DSO Spike Signals Collection Strain
Days sales outstanding jumped to 231 in 2026Q2 from 167 in 2025Q4, a 64-day increase, indicating a significant slowdown in receivables collection, as per quarterly data.
The sharp rise in DSO suggests that ACIW is extending payment terms to customers or experiencing delays in collections, possibly due to the lumpy nature of large license deals. This deterioration in working capital efficiency is concerning because it may indicate that reported revenue is not being converted to cash as quickly as in prior periods. The cash conversion cycle is not fully calculable due to missing DIO data, but the DSO trend alone warrants monitoring, as it could pressure future cash flows if not reversed.
Deleveraging Path Improves Coverage
Debt-to-EBITDA fell to 12.39 in 2026Q2 from 26.52 in 2024Q1, while interest coverage rose to 4.25 from 0.61, as reported in financial statements.
The substantial reduction in leverage, with total debt down to $849.5 million from $1.1 billion, has significantly improved ACIW's ability to service its debt. However, the D/EBITDA ratio remains elevated relative to peers like Fiserv at 6.45, suggesting that ACIW still carries a heavier debt load for its earnings power. The improvement in interest coverage from 0.61 to 4.25 indicates that the company is now comfortably covering interest expenses, but the absolute level of debt relative to EBITDA still warrants caution if earnings were to decline.
Liquidity Buffer Adequate but Thin
Current ratio improved to 1.58 in 2026Q2 from 1.37 in 2024Q1, with cash at $167.4 million, as per balance sheet data.
The current ratio of 1.58 suggests that ACIW has sufficient short-term assets to cover its near-term obligations, but the buffer is modest compared to more asset-light software peers. The quick ratio is identical to the current ratio, indicating that inventory is not a significant factor, which is typical for a software company. Under a severe stress scenario, such as a prolonged economic downturn, the reliance on receivables collection could strain liquidity, especially given the elevated DSO of 231 days.
P/E Misleads on Earnings Quality
The P/E of 25.56 appears reasonable, but stock-based compensation of $35.6 million exceeded net income of $31.8 million in 2026Q2, as per cash flow data.
The most commonly misapplied ratio for ACIW is the P/E multiple, because reported earnings are significantly inflated by non-cash stock-based compensation and potentially aggressive revenue recognition under ASC 606. A more appropriate valuation metric would be price-to-cash earnings, where cash earnings are defined as operating cash flow minus stock-based compensation and capitalized software costs. Based on reported figures, the P/FCF of 18.11 provides a better indication of value, but even that may overstate quality if capitalized software costs are not fully disclosed. Investors should adjust for these items to avoid overpaying for earnings that do not translate into shareholder value.