FIS vs IT: Fidelity National Information Services and Gartner compared
Fidelity National Information Services is the larger company, worth $14.8B, about 1.2 times Gartner.
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Fidelity National Information Services is the larger company, worth $14.8B, about 1.2 times Gartner.
- Fidelity National Information Services grew revenue faster over the last year (+23.6% vs -0.2%).
- Gartner keeps more of each dollar of revenue as operating profit (20.3% vs 16.4%).
- On earnings, Fidelity National Information Services is the cheaper stock (4.3x vs 13.5x).
- Gartner's price assumes faster free cash flow growth: about -4% a year, against -5% for Fidelity National Information Services (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 | FIS | IT |
|---|---|---|
| Market cap | $14.8B | $12.0B |
| Share price | $28.73 | $190.10 |
| Revenue (last fiscal year) | $10.7B | $6.5B |
| Free cash flow (last fiscal year) | $1.6B | $1.2B |
| Revenue growth, last year | +23.6% | -0.2% |
| Revenue growth per year, last 5 fiscal years | +3.4% | +8.2% |
| Operating margin | 16.4% | 20.3% |
| Net margin | 26.8% | 14.8% |
| Return on equity | 21.4% | — |
| P/E (trailing) | 4.29x | 13.5x |
| Price / free cash flow | 8.15x | 9.26x |
| EV / EBITDA | 7.61x | 8.60x |
| FCF growth the price implies | -5.4% | -3.9% |
| Dividend yield | 6.0% | — |
| Debt / equity | 1.28x | — |
| Fundamental grade | B | C |
| Superinvestors holding it | 28 | 20 |
| Insider purchases, last 12 months | 4 | 2 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Fidelity National Information Services
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $9.3B | $3.6B | 11.1% |
| 2022 | $9.7B | $2.9B | 12.1% |
| 2023 | $9.8B | $3.6B | 14.7% |
| 2024 | $10.1B | $1.4B | 16.9% |
| 2025 | $10.7B | $1.6B | 16.3% |
Gartner
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $4.7B | $1.3B | 19.3% |
| 2022 | $5.5B | $993M | 20.1% |
| 2023 | $5.9B | $1.1B | 20.9% |
| 2024 | $6.3B | $1.4B | 18.4% |
| 2025 | $6.5B | $1.2B | 15.8% |
Where the revenue comes from
Fidelity National Information Services · by segments, 2025
Gartner · by segments, 2025
Questions
Which is bigger, Fidelity National Information Services or Gartner?
Fidelity National Information Services (FIS), at $14.8B against $12.0B.
Is FIS or IT cheaper?
By trailing P/E, Fidelity National Information Services (4.29x) is cheaper than Gartner (13.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, FIS or IT?
Fidelity National Information Services: revenue grew +23.6% over the last year, against -0.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.