FICO vs GWRE: Fair Isaac and Guidewire Software compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Fair Isaac is the larger company, worth $16.0B, close to Guidewire Software's $15.9B.
- Fair Isaac grew revenue faster over the last year (+25.7% vs +15.3%).
- Fair Isaac keeps more of each dollar of revenue as operating profit (51.6% vs 10.2%).
- On earnings, Fair Isaac is the cheaper stock (21.8x vs 84.4x).
- Guidewire Software's price assumes faster free cash flow growth: about 15% a year, against 6% for Fair Isaac (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | FICO | GWRE |
|---|---|---|
| Market cap | $16.0B | $15.9B |
| Share price | $667.58 | $167.32 |
| Revenue (last fiscal year) | $2.0B | $1.5B |
| Free cash flow (last fiscal year) | $739M | $359M |
| Revenue growth, last year | +25.7% | +15.3% |
| Revenue growth per year, last 5 fiscal years | +10.9% | +16.1% |
| Operating margin | 51.6% | 10.2% |
| Net margin | 34.0% | 9.4% |
| Return on equity | — | 11.7% |
| P/E (trailing) | 21.8x | 84.4x |
| Price / free cash flow | 20.7x | 53.7x |
| EV / EBITDA | 15.8x | 77.2x |
| FCF growth the price implies | 6.0% | 15.4% |
| Dividend yield | — | — |
| Debt / equity | — | 1.16x |
| Fundamental grade | B | D |
| Superinvestors holding it | 8 | 5 |
| Insider purchases, last 12 months | 10 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Fair Isaac
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.3B | $416M | 38.4% |
| 2022 | $1.4B | $503M | 39.4% |
| 2023 | $1.5B | $465M | 42.5% |
| 2024 | $1.7B | $607M | 42.7% |
| 2025 | $2.0B | $739M | 46.5% |
Guidewire Software
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $813M | -$60M | -24.5% |
| 2023 | $905M | $21M | -16.5% |
| 2024 | $980M | $177M | -5.4% |
| 2025 | $1.2B | $280M | 3.4% |
| 2026 | $1.5B | $359M | 10.2% |
Where the revenue comes from
Fair Isaac · by segments, 2025
Scores$1.2B59%
Software$822M41%
Guidewire Software · by products, 2026
Subscription and support$971M66%
Services$270M18%
License$235M16%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open FICO in InvestinglyQuestions
Which is bigger, Fair Isaac or Guidewire Software?
Fair Isaac (FICO), at $16.0B against $15.9B.
Is FICO or GWRE cheaper?
By trailing P/E, Fair Isaac (21.8x) is cheaper than Guidewire Software (84.4x). A lower multiple can also mean the market expects less growth.
Which grows faster, FICO or GWRE?
Fair Isaac: revenue grew +25.7% over the last year, against +15.3%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.