Information Services Group, Inc. (III) 10-Year Financial Performance & Capital Metrics

III • • Industrial / General

TechnologyIT ServicesResearch & Advisory ServicesTechnology Research & Intelligence

AboutInformation Services Group, Inc., together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services. It supports private and public sector organizations to transform and optimize their operational environments. The company also provides ISG Digital, a client solution platform that helps clients developing technology, transformation, sourcing, and digital solutions; and ISG Enterprise, a client solution platform that helps clients manage change and optimize operations in areas comprising finance, human resource, and Procure2Pay. In addition, it offers ISG GovernX, a software platform, which provides insights from market and performance data, and automates the management of third-party supplier relationships that comprise contract and project lifecycles, and risk management. The company serves private sector clients operating in the manufacturing, banking and financial services, insurance, health sciences, energy and utilities, and consumer services industries; and public sector clients, including state and local governments, airport and transit authorities, and national and provincial government units. Information Services Group, Inc. was founded in 2006 and is based in Stamford, Connecticut.Show more

Revenue $248M -14.9%
EBITDA $12M -44.2%
Net Income $3M -53.9%
EPS (Diluted) 0.06 -50.0%
Gross Margin 39.29% +2.0%
EBITDA Margin 4.7% -34.4%
Operating Margin 2.33% -53.7%
Net Margin 1.15% -45.8%
ROE 2.86% -52.9%
ROIC 2.83% -58.3%
Debt/Equity 0.67 -20.9%
Interest Coverage 0.99 -58.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.1%
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.68%

5Y-1.41%

3Y-3.77%

TTM-5.74%

Profit (Net Income) CAGR

10Y-7.48%

5Y-3.2%

3Y-43.24%

TTM417.79%

EPS CAGR

10Y-9.34%

5Y-3.09%

3Y-41.52%

TTM371.43%

ROCE

10Y Avg7.32%

5Y Avg9.04%

3Y Avg8.81%

Latest3.14%

Peer Comparison

Technology Research & Intelligence

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IIIInformation Services Group, Inc.	291.14M	6.08	101.33	-14.94%	4.05%	10.32%	5.85%	0.67
HCKTThe Hackett Group, Inc.	511.77M	20.39	19.42	5.82%	3.54%	10.74%	8.53%	0.14
ITGartner, Inc.	16.61B	230.38	14.40	6.1%	13.71%	159.13%	8.33%	2.13
NOTEFiscalNote Holdings, Inc.	24.78M	1.65	1.99	-9.33%	-54.31%	-73.85%		1.77
CLVTClarivate Plc	2.13B	3.22	-3.35	-2.74%	-15.83%	-8.08%	16.79%	0.89
NIQNIQ Global Intelligence Plc	5.16B	17.49	-5.28	18.89%	-11.24%	-106.47%		8.89

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	209.24M	216.5M	269.55M	275.77M	265.76M	249.13M	277.83M	286.27M	291.05M	247.59M
Revenue Growth %	-0%	0.03%	0.25%	0.02%	-0.04%	-0.06%	0.12%	0.03%	0.02%	-0.15%
Cost of Goods Sold+	124.7M	132.36M	156.63M	159.92M	153.18M	149.88M	168.47M	169.65M	178.91M	150.31M
COGS % of Revenue	0.6%	0.61%	0.58%	0.58%	0.58%	0.6%	0.61%	0.59%	0.61%	0.61%
Gross Profit+	84.54M	84.14M	112.92M	115.85M	112.58M	99.25M	109.36M	116.62M	112.14M	97.28M
Gross Margin %	0.4%	0.39%	0.42%	0.42%	0.42%	0.4%	0.39%	0.41%	0.39%	0.39%
Gross Profit Growth %	-0.01%	-0%	0.34%	0.03%	-0.03%	-0.12%	0.1%	0.07%	-0.04%	-0.13%
Operating Expenses+	74.92M	86.73M	103.77M	103.17M	99.23M	89.98M	84.09M	87.14M	97.53M	91.52M
OpEx % of Revenue	0.36%	0.4%	0.38%	0.37%	0.37%	0.36%	0.3%	0.3%	0.34%	0.37%
Selling, General & Admin	67.84M	78.86M	91.05M	95.4M	92.52M	83.78M	78.76M	81.77M	91.27M	85.63M
SG&A % of Revenue	0.32%	0.36%	0.34%	0.35%	0.35%	0.34%	0.28%	0.29%	0.31%	0.35%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	7.08M	7.87M	12.72M	7.77M	6.71M	6.2M	5.33M	5.37M	6.26M	5.89M
Operating Income+	9.62M	-2.59M	9.16M	12.68M	13.36M	9.27M	25.27M	29.48M	14.61M	5.76M
Operating Margin %	0.05%	-0.01%	0.03%	0.05%	0.05%	0.04%	0.09%	0.1%	0.05%	0.02%
Operating Income Growth %	-0.24%	-1.27%	4.53%	0.38%	0.05%	-0.31%	1.73%	0.17%	-0.5%	-0.61%
EBITDA+	16.7M	5.28M	21.88M	20.45M	20.07M	15.46M	30.6M	34.85M	20.87M	11.64M
EBITDA Margin %	0.08%	0.02%	0.08%	0.07%	0.08%	0.06%	0.11%	0.12%	0.07%	0.05%
EBITDA Growth %	-0.17%	-0.68%	3.15%	-0.07%	-0.02%	-0.23%	0.98%	0.14%	-0.4%	-0.44%
D&A (Non-Cash Add-back)	7.08M	7.87M	12.72M	7.77M	6.71M	6.2M	5.33M	5.37M	6.26M	5.89M
EBIT	9.62M	-2.66M	10.39M	13.29M	13.42M	9.43M	25.45M	29.84M	14.95M	11.06M
Net Interest Income+	-1.77M	-2.64M	-6.71M	-6.57M	-6.07M	-3.3M	-2.2M	-2.97M	-5.69M	-5.05M
Interest Income	14K	27K	107K	116K	194K	260K	142K	189K	497K	782K
Interest Expense	1.79M	2.66M	6.82M	6.69M	6.27M	3.56M	2.34M	3.16M	6.19M	5.84M
Other Income/Expense	-1.47M	-2.73M	-7.06M	-6.57M	-6.22M	-3.4M	-2.16M	-2.8M	-5.85M	-530K
Pretax Income+	8.14M	-5.32M	2.1M	6.11M	7.14M	5.87M	23.11M	26.68M	8.76M	5.23M
Pretax Margin %	0.04%	-0.02%	0.01%	0.02%	0.03%	0.02%	0.08%	0.09%	0.03%	0.02%
Income Tax+	3.19M	1.05M	4.2M	435K	3.8M	3.11M	7.58M	6.96M	2.61M	2.39M
Effective Tax Rate %	0.59%	1.22%	-1.01%	0.93%	0.47%	0.47%	0.67%	0.74%	0.7%	0.54%
Net Income+	4.84M	-6.5M	-2.13M	5.68M	3.34M	2.75M	15.53M	19.73M	6.15M	2.84M
Net Margin %	0.02%	-0.03%	-0.01%	0.02%	0.01%	0.01%	0.06%	0.07%	0.02%	0.01%
Net Income Growth %	-0.22%	-2.34%	0.67%	3.67%	-0.41%	-0.18%	4.64%	0.27%	-0.69%	-0.54%
Net Income (Continuing)	4.95M	-6.38M	-2.1M	5.68M	3.34M	2.75M	15.53M	19.73M	6.15M	2.84M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	939K	1.38M	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.13	-0.18	-0.05	0.12	0.07	0.06	0.30	0.39	0.12	0.06
EPS Growth %	-0.19%	-2.38%	0.72%	3.42%	-0.41%	-0.15%	4%	0.3%	-0.69%	-0.5%
EPS (Basic)	0.13	-0.18	-0.05	0.13	0.07	0.06	0.32	0.41	0.13	0.06
Diluted Shares Outstanding	38.94M	36.63M	43.02M	46.07M	47.62M	49.97M	51.76M	50.42M	50.17M	50.05M
Basic Shares Outstanding	37.19M	36.14M	42.6M	44.67M	46.92M	47.72M	48.64M	48.17M	48.61M	48.78M
Dividend Payout Ratio	1.07%	-	-	-	-	-	0.29%	0.38%	1.41%	3.31%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	71.49M	106.25M	103.71M	98.19M	99.8M	114.61M	116.11M	115.48M	112.84M	91.28M
Cash & Short-Term Investments	17.84M	34.48M	28.42M	18.64M	18.15M	43.73M	47.52M	30.59M	22.64M	23.07M
Cash Only	17.84M	34.48M	28.42M	18.64M	18.15M	43.73M	47.52M	30.59M	22.64M	23.07M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	49.48M	64.66M	70.82M	75.93M	77.08M	67.47M	64.34M	80.17M	82.12M	58.82M
Days Sales Outstanding	86.32	109.02	95.9	100.5	105.86	98.86	84.53	102.22	102.98	86.72
Inventory	2.11M	1.73M	0	0	0	0	0	0	0	0
Days Inventory Outstanding	6.17	4.77	-	-	-	-	-	-	-	-
Other Current Assets	2.11M	1.73M	4.47M	3.62M	0	0	0	4.72M	8.09M	9.38M
Total Non-Current Assets+	59.85M	128.87M	121.05M	116.54M	118.95M	124.91M	120.68M	127.55M	134.5M	113.23M
Property, Plant & Equipment	3.02M	4.79M	5.23M	6.64M	12.59M	10.91M	10.59M	12.71M	13.92M	11.63M
Fixed Asset Turnover	69.26x	45.21x	51.55x	41.56x	21.12x	22.83x	26.25x	22.52x	20.91x	21.28x
Goodwill	37.29M	85.94M	85.62M	85.39M	85.35M	91.01M	90.79M	94.97M	97.23M	87.29M
Intangible Assets	13.86M	35.11M	25.68M	20.62M	16.61M	15.06M	12.41M	14.38M	12.62M	3.56M
Long-Term Investments	-2.11M	-1.73M	94K	89K	0	0	88K	83K	0	0
Other Non-Current Assets	5.68M	3.03M	1.9M	861K	825K	5.67M	4.61M	2.58M	5.96M	3.75M
Total Assets+	131.34M	235.12M	224.76M	214.73M	218.75M	239.52M	236.79M	243.03M	247.34M	204.51M
Asset Turnover	1.59x	0.92x	1.20x	1.28x	1.21x	1.04x	1.17x	1.18x	1.18x	1.21x
Asset Growth %	-0.02%	0.79%	-0.04%	-0.04%	0.02%	0.09%	-0.01%	0.03%	0.02%	-0.17%
Total Current Liabilities+	31.18M	52.35M	53.08M	40.65M	41.25M	50.66M	56.84M	51.19M	46.27M	38.42M
Accounts Payable	6.7M	9.72M	7.19M	8.45M	8.86M	11.18M	16.16M	15.93M	11.3M	9.19M
Days Payables Outstanding	19.61	26.82	16.76	19.29	21.12	27.22	35.01	34.26	23.06	22.32
Short-Term Debt	2.25M	5.55M	15.5M	8.25M	11M	4.3M	4.3M	4.3M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	12.66M	22.21M	13.74M	14.06M	5.76M	7.5M	7.96M	5.09M	2.42M	3.96M
Current Ratio	2.29x	2.03x	1.95x	2.42x	2.42x	2.26x	2.04x	2.26x	2.44x	2.38x
Quick Ratio	2.23x	2.00x	1.95x	2.42x	2.42x	2.26x	2.04x	2.26x	2.44x	2.38x
Cash Conversion Cycle	72.88	86.97	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	53.99M	125.73M	108.15M	95.5M	87.83M	89.72M	81.56M	91.41M	98.99M	69.81M
Long-Term Debt	47.95M	116.48M	98.84M	89.21M	74.82M	73.55M	69.49M	74.42M	79.17M	59.17M
Capital Lease Obligations	0	0	0	0	5.01M	4.33M	3.48M	4.86M	5.29M	3.42M
Deferred Tax Liabilities	0	396K	1.57M	1.79M	3.47M	3.81M	2.82M	2.39M	2.38M	1.75M
Other Non-Current Liabilities	6.04M	7.48M	7.74M	4.49M	4.52M	8.03M	5.77M	9.74M	12.14M	5.47M
Total Liabilities	85.17M	178.09M	161.22M	136.14M	129.08M	140.38M	138.4M	142.6M	145.26M	108.23M
Total Debt+	50.78M	122.03M	114.34M	97.46M	93.85M	84.73M	79.79M	85.97M	87.05M	64.92M
Net Debt	32.95M	87.55M	85.92M	78.83M	75.7M	41M	32.27M	55.38M	64.42M	41.84M
Debt / Equity	1.08x	2.09x	1.80x	1.24x	1.05x	0.85x	0.81x	0.86x	0.85x	0.67x
Debt / EBITDA	3.04x	23.13x	5.23x	4.77x	4.68x	5.48x	2.61x	2.47x	4.17x	5.57x
Net Debt / EBITDA	1.97x	16.59x	3.93x	3.85x	3.77x	2.65x	1.05x	1.59x	3.09x	3.59x
Interest Coverage	5.37x	-0.97x	1.34x	1.90x	2.13x	2.60x	10.79x	9.34x	2.36x	0.99x
Total Equity+	47.11M	58.41M	63.54M	78.59M	89.67M	99.14M	98.39M	100.43M	102.08M	96.29M
Equity Growth %	0.14%	0.24%	0.09%	0.24%	0.14%	0.11%	-0.01%	0.02%	0.02%	-0.06%
Book Value per Share	1.21	1.59	1.48	1.71	1.88	1.98	1.90	1.99	2.03	1.92
Total Shareholders' Equity	46.17M	57.04M	63.54M	78.59M	89.67M	99.14M	98.39M	100.43M	102.08M	96.29M
Common Stock	38K	44K	44K	45K	48K	48K	49K	49K	49K	50K
Retained Earnings	-149.18M	-155.68M	-157.81M	-150.1M	-146.76M	-144M	-128.47M	-108.75M	-102.7M	-99.86M
Treasury Stock	-3.05M	-8.22M	-3.16M	-203K	-2.05M	-256K	-3.87M	-7.49M	-3.96M	-4M
Accumulated OCI	-6.54M	-7.8M	-5.67M	-7.16M	-7.14M	-4.67M	-6.94M	-9.68M	-8.99M	-10.05M
Minority Interest	939K	1.38M	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.81M	10.66M	11.44M	19.13M	20.44M	43.97M	41.94M	11.15M	12.27M	19.86M
Operating CF Margin %	0.03%	0.05%	0.04%	0.07%	0.08%	0.18%	0.15%	0.04%	0.04%	0.08%
Operating CF Growth %	-0.03%	0.56%	0.07%	0.67%	0.07%	1.15%	-0.05%	-0.73%	0.1%	0.62%
Net Income	4.95M	-6.38M	-2.1M	5.68M	3.34M	2.75M	15.53M	19.73M	6.15M	2.84M
Depreciation & Amortization	7.08M	7.87M	12.72M	7.77M	7.32M	6.77M	5.68M	5.71M	6.88M	6.11M
Stock-Based Compensation	5.05M	7.05M	7.44M	9.86M	9.59M	8.89M	6.47M	7.46M	9.13M	8.05M
Deferred Taxes	-2.27M	-1.76M	-675K	-443K	0	0	0	0	0	0
Other Non-Cash Items	612K	92K	1.63M	1.18M	158K	4.04M	6.33M	432K	-530K	-7.85M
Working Capital Changes	-8.62M	3.79M	-7.57M	-4.92M	31K	21.52M	7.93M	-22.18M	-9.36M	10.72M
Change in Receivables	-7.51M	2.07M	-6.03M	231K	-1.36M	10.06M	2.65M	-13.99M	-6.66M	7.07M
Change in Inventory	-301K	1.27M	914K	-5.79M	0	0	0	0	0	0
Change in Payables	-612K	1.73M	-2.38M	879K	0	0	0	0	0	0
Cash from Investing+	-1.95M	-57.65M	-3.65M	-4M	-1.92M	-3.5M	-2.32M	-6.87M	-4.43M	18.99M
Capital Expenditures	-1.38M	-2.36M	-3.17M	-4M	-1.92M	-1.18M	-2.32M	-3.42M	-3.43M	-2.83M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-30K	-103K	403K	3.06M	0	0	0	0	0	21.82M
Cash from Financing+	-13.25M	64.29M	-16.14M	-24M	-18.93M	-15.7M	-34.13M	-18.94M	-16.2M	-37.91M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5.19M	0	0	0	0	0	-4.44M	-7.46M	-8.69M	-9.39M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.67M	-3.58M	-5.42M	-4.13M	-162K	-418K	-1.95M	-56K	-1.36M	-863K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	5.43M	8.3M	8.28M	15.13M	18.52M	42.79M	39.62M	7.72M	8.84M	17.03M
FCF Margin %	0.03%	0.04%	0.03%	0.05%	0.07%	0.17%	0.14%	0.03%	0.03%	0.07%
FCF Growth %	0.12%	0.53%	-0%	0.83%	0.22%	1.31%	-0.07%	-0.81%	0.14%	0.93%
FCF per Share	0.14	0.23	0.19	0.33	0.39	0.86	0.77	0.15	0.18	0.34
FCF Conversion (FCF/Net Income)	1.41x	-1.64x	-5.37x	3.37x	6.12x	15.96x	2.70x	0.57x	1.99x	7.00x
Interest Paid	1.46M	1.93M	5.6M	5.98M	5.69M	3.11M	1.88M	2.4M	5.26M	5.73M
Taxes Paid	4.53M	5.71M	2.44M	2.62M	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.93%	-12.33%	-3.49%	7.99%	3.97%	2.92%	15.72%	19.84%	6.08%	2.86%
Return on Invested Capital (ROIC)	9.8%	-1.72%	4.65%	6.2%	6.21%	4.55%	14%	15.44%	6.8%	2.83%
Gross Margin	40.4%	38.86%	41.89%	42.01%	42.36%	39.84%	39.36%	40.74%	38.53%	39.29%
Net Margin	2.31%	-3%	-0.79%	2.06%	1.26%	1.11%	5.59%	6.89%	2.11%	1.15%
Debt / Equity	1.08x	2.09x	1.80x	1.24x	1.05x	0.85x	0.81x	0.86x	0.85x	0.67x
Interest Coverage	5.37x	-0.97x	1.34x	1.90x	2.13x	2.60x	10.79x	9.34x	2.36x	0.99x
FCF Conversion	1.41x	-1.64x	-5.37x	3.37x	6.12x	15.96x	2.70x	0.57x	1.99x	7.00x
Revenue Growth	-0.18%	3.47%	24.51%	2.31%	-3.63%	-6.26%	11.52%	3.04%	1.67%	-14.94%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	108.92M	116.57M	161.84M	159.11M	156.07M	141.23M	160.18M	166.66M	177.13M	158.85M
Americas Growth	-	7.01%	38.84%	-1.69%	-1.91%	-9.51%	13.42%	4.05%	6.28%	-10.32%
Europe	77.78M	75.15M	82.91M	95.13M	90.74M	87.13M	90.26M	89.91M	87.07M	67.73M
Europe Growth	-	-3.38%	10.33%	14.74%	-4.62%	-3.98%	3.59%	-0.39%	-3.15%	-22.22%
GERMANY	-	-	-	-	-	-	-	-	-	29.7M
GERMANY Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	22.53M	24.78M	24.8M	21.53M	18.95M	20.77M	27.39M	29.7M	26.85M	21M
Asia Pacific Growth	-	9.98%	0.06%	-13.18%	-11.99%	9.61%	31.90%	8.41%	-9.59%	-21.78%
AUSTRALIA	-	-	-	-	-	-	-	-	-	18.1M
AUSTRALIA Growth	-	-	-	-	-	-	-	-	-	-
D	29.4M	33.5M	40M	47.2M	44.4M	43.5M	50M	44.2M	-	-
D Growth	-	13.95%	19.40%	18.00%	-5.93%	-2.03%	14.94%	-11.60%	-	-
G	21.2M	12.5M	14.8M	18.6M	17.2M	19M	15.2M	18.6M	-	-
G Growth	-	-41.04%	18.40%	25.68%	-7.53%	10.47%	-20.00%	22.37%	-	-

Frequently Asked Questions

Valuation & Price

Information Services Group, Inc. (III) has a price-to-earnings (P/E) ratio of 101.3x. This suggests investors expect higher future growth.

Growth & Financials

Information Services Group, Inc. (III) reported $241.3M in revenue for fiscal year 2024. This represents a 31% increase from $184.4M in 2011.

Information Services Group, Inc. (III) saw revenue decline by 14.9% over the past year.

Yes, Information Services Group, Inc. (III) is profitable, generating $9.8M in net income for fiscal year 2024 (1.1% net margin).

Dividend & Returns

Yes, Information Services Group, Inc. (III) pays a dividend with a yield of 3.09%. This makes it attractive for income-focused investors.

Information Services Group, Inc. (III) has a return on equity (ROE) of 2.9%. This is below average, suggesting room for improvement.

Information Services Group, Inc. (III) generated $26.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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