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Side-by-side financial comparison of ACUITY INC. (DE) (AYI) and Nasdaq, Inc. (NDAQ). Click either name above to swap in a different company.

Nasdaq, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 2.0× ACUITY INC. (DE)). Nasdaq, Inc. runs the higher net margin — 24.3% vs 9.2%, a 15.1% gap on every dollar of revenue. On growth, ACUITY INC. (DE) posted the faster year-over-year revenue change (4.9% vs 2.0%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs 4.4%).

Squarespace, Inc. is an American website building and hosting company based in New York City. It provides software as a service for website building and hosting, and allows users to use pre-built website templates and drag-and-drop elements to create and modify webpages.

Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.

AYI vs NDAQ — Head-to-Head

Bigger by revenue
NDAQ
NDAQ
2.0× larger
NDAQ
$2.1B
$1.1B
AYI
Growing faster (revenue YoY)
AYI
AYI
+3.0% gap
AYI
4.9%
2.0%
NDAQ
Higher net margin
NDAQ
NDAQ
15.1% more per $
NDAQ
24.3%
9.2%
AYI
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
4.4%
AYI

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
AYI
AYI
NDAQ
NDAQ
Revenue
$1.1B
$2.1B
Net Profit
$96.8M
$519.0M
Gross Margin
49.3%
Operating Margin
12.6%
30.7%
Net Margin
9.2%
24.3%
Revenue YoY
4.9%
2.0%
Net Profit YoY
24.9%
31.4%
EPS (diluted)
$3.09
$0.91

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AYI
AYI
NDAQ
NDAQ
Q1 26
$1.1B
$2.1B
Q4 25
$1.1B
$2.1B
Q3 25
$1.2B
$2.0B
Q2 25
$1.2B
$2.1B
Q1 25
$1.0B
$2.1B
Q4 24
$951.6M
$2.0B
Q3 24
$1.0B
$1.9B
Q2 24
$968.1M
$1.8B
Net Profit
AYI
AYI
NDAQ
NDAQ
Q1 26
$96.8M
$519.0M
Q4 25
$120.5M
$518.0M
Q3 25
$114.0M
$423.0M
Q2 25
$98.4M
$452.0M
Q1 25
$77.5M
$395.0M
Q4 24
$106.7M
$355.0M
Q3 24
$118.9M
$306.0M
Q2 24
$113.9M
$222.0M
Gross Margin
AYI
AYI
NDAQ
NDAQ
Q1 26
49.3%
Q4 25
48.4%
65.5%
Q3 25
48.9%
67.2%
Q2 25
48.4%
62.5%
Q1 25
46.5%
59.2%
Q4 24
47.2%
60.4%
Q3 24
47.3%
60.3%
Q2 24
46.7%
64.7%
Operating Margin
AYI
AYI
NDAQ
NDAQ
Q1 26
12.6%
30.7%
Q4 25
14.0%
29.7%
Q3 25
14.9%
29.9%
Q2 25
11.9%
27.2%
Q1 25
11.0%
26.2%
Q4 24
14.0%
25.4%
Q3 24
15.2%
23.6%
Q2 24
15.0%
23.6%
Net Margin
AYI
AYI
NDAQ
NDAQ
Q1 26
9.2%
24.3%
Q4 25
10.5%
24.4%
Q3 25
9.4%
21.6%
Q2 25
8.3%
21.6%
Q1 25
7.7%
18.9%
Q4 24
11.2%
17.5%
Q3 24
11.5%
16.1%
Q2 24
11.8%
12.4%
EPS (diluted)
AYI
AYI
NDAQ
NDAQ
Q1 26
$3.09
$0.91
Q4 25
$3.82
$0.90
Q3 25
$3.61
$0.73
Q2 25
$3.12
$0.78
Q1 25
$2.45
$0.68
Q4 24
$3.35
$0.62
Q3 24
$3.77
$0.53
Q2 24
$3.62
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AYI
AYI
NDAQ
NDAQ
Cash + ST InvestmentsLiquidity on hand
$272.5M
$515.0M
Total DebtLower is stronger
$697.1M
$9.0B
Stockholders' EquityBook value
$2.8B
$12.0B
Total Assets
$4.6B
$27.3B
Debt / EquityLower = less leverage
0.25×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AYI
AYI
NDAQ
NDAQ
Q1 26
$272.5M
$515.0M
Q4 25
$376.1M
$604.0M
Q3 25
$422.5M
$470.0M
Q2 25
$371.8M
$732.0M
Q1 25
$397.9M
$690.0M
Q4 24
$935.6M
$592.0M
Q3 24
$845.8M
$266.0M
Q2 24
$699.0M
$416.0M
Total Debt
AYI
AYI
NDAQ
NDAQ
Q1 26
$697.1M
$9.0B
Q4 25
$8.6B
Q3 25
$8.7B
Q2 25
$8.7B
Q1 25
$8.9B
Q4 24
$9.1B
Q3 24
$9.4B
Q2 24
$9.2B
Stockholders' Equity
AYI
AYI
NDAQ
NDAQ
Q1 26
$2.8B
$12.0B
Q4 25
$2.8B
$12.2B
Q3 25
$2.7B
$12.0B
Q2 25
$2.6B
$11.8B
Q1 25
$2.5B
$11.5B
Q4 24
$2.5B
$11.2B
Q3 24
$2.4B
$11.1B
Q2 24
$2.3B
$10.9B
Total Assets
AYI
AYI
NDAQ
NDAQ
Q1 26
$4.6B
$27.3B
Q4 25
$4.7B
$31.1B
Q3 25
$4.8B
$30.7B
Q2 25
$4.6B
$30.4B
Q1 25
$4.6B
$30.6B
Q4 24
$3.9B
$30.4B
Q3 24
$3.8B
$30.6B
Q2 24
$3.6B
$30.2B
Debt / Equity
AYI
AYI
NDAQ
NDAQ
Q1 26
0.25×
0.74×
Q4 25
0.70×
Q3 25
0.72×
Q2 25
0.73×
Q1 25
0.77×
Q4 24
0.81×
Q3 24
0.85×
Q2 24
0.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AYI
AYI
NDAQ
NDAQ
Operating Cash FlowLast quarter
$229.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.38×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AYI
AYI
NDAQ
NDAQ
Q1 26
$229.9M
Q4 25
$140.8M
$625.0M
Q3 25
$202.5M
$221.0M
Q2 25
$207.3M
$746.0M
Q1 25
$59.4M
$663.0M
Q4 24
$132.2M
$705.0M
Q3 24
$174.1M
$244.0M
Q2 24
$152.5M
$460.0M
Free Cash Flow
AYI
AYI
NDAQ
NDAQ
Q1 26
Q4 25
$114.8M
$536.0M
Q3 25
$177.7M
$152.0M
Q2 25
$192.3M
$687.0M
Q1 25
$49.7M
$614.0M
Q4 24
$113.3M
$645.0M
Q3 24
$151.1M
$188.0M
Q2 24
$140.5M
$408.0M
FCF Margin
AYI
AYI
NDAQ
NDAQ
Q1 26
Q4 25
10.0%
25.2%
Q3 25
14.7%
7.8%
Q2 25
16.3%
32.9%
Q1 25
4.9%
29.4%
Q4 24
11.9%
31.7%
Q3 24
14.6%
9.9%
Q2 24
14.5%
22.8%
Capex Intensity
AYI
AYI
NDAQ
NDAQ
Q1 26
Q4 25
2.3%
4.2%
Q3 25
2.1%
3.5%
Q2 25
1.3%
2.8%
Q1 25
1.0%
2.3%
Q4 24
2.0%
3.0%
Q3 24
2.2%
2.9%
Q2 24
1.2%
2.9%
Cash Conversion
AYI
AYI
NDAQ
NDAQ
Q1 26
2.38×
Q4 25
1.17×
1.21×
Q3 25
1.78×
0.52×
Q2 25
2.11×
1.65×
Q1 25
0.77×
1.68×
Q4 24
1.24×
1.99×
Q3 24
1.46×
0.80×
Q2 24
1.34×
2.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AYI
AYI

Segment breakdown not available.

NDAQ
NDAQ

Market Services$1.0B49%
Capital Access Platforms$565.0M26%
Financial Technology$517.0M24%
Other Revenues$8.0M0%

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