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Side-by-side financial comparison of Intercontinental Exchange (ICE) and KINROSS GOLD CORP (KGC). Click either name above to swap in a different company.
Intercontinental Exchange is the larger business by last-quarter revenue ($3.1B vs $2.5B, roughly 1.2× KINROSS GOLD CORP).
Intercontinental Exchange, Inc. (ICE) is an American multinational financial services company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russell 1000, the company owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada, and Europe; the Liffe future...
Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange.
ICE vs KGC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2023
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $2.5B |
| Net Profit | $851.0M | — |
| Gross Margin | — | 7.3% |
| Operating Margin | 39.4% | — |
| Net Margin | 27.1% | — |
| Revenue YoY | 3.7% | — |
| Net Profit YoY | 21.9% | — |
| EPS (diluted) | $1.49 | — |
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.
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.8B | — |
| Q4 25 | $851.0M | — | ||
| Q3 25 | $816.0M | — | ||
| Q2 25 | $851.0M | — | ||
| Q1 25 | $797.0M | — | ||
| Q4 24 | $698.0M | — | ||
| Q3 24 | $657.0M | — | ||
| Q2 24 | $632.0M | — | ||
| Q1 24 | $767.0M | — |
| Q4 25 | 39.4% | — | ||
| Q3 25 | 39.0% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 37.8% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 36.4% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 38.0% | — |
| Q4 25 | 27.1% | — | ||
| Q3 25 | 27.1% | — | ||
| Q2 25 | 26.1% | — | ||
| Q1 25 | 24.7% | — | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 21.8% | — | ||
| Q1 24 | 27.4% | — |
| Q4 25 | $1.49 | — | ||
| Q3 25 | $1.42 | — | ||
| Q2 25 | $1.48 | — | ||
| Q1 25 | $1.38 | — | ||
| Q4 24 | $1.21 | — | ||
| Q3 24 | $1.14 | — | ||
| Q2 24 | $1.10 | — | ||
| Q1 24 | $1.33 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $837.0M | $418.1M |
| Total DebtLower is stronger | — | $751.5M |
| Stockholders' EquityBook value | $28.9B | — |
| Total Assets | $136.9B | $10.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $837.0M | — | ||
| Q3 25 | $850.0M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $783.0M | — | ||
| Q4 24 | $844.0M | — | ||
| Q3 24 | $755.0M | — | ||
| Q2 24 | $885.0M | — | ||
| Q1 24 | $863.0M | — |
| Q4 25 | $28.9B | — | ||
| Q3 25 | $28.6B | — | ||
| Q2 25 | $28.4B | — | ||
| Q1 25 | $28.0B | — | ||
| Q4 24 | $27.6B | — | ||
| Q3 24 | $27.2B | — | ||
| Q2 24 | $26.7B | — | ||
| Q1 24 | $26.2B | — |
| Q4 25 | $136.9B | — | ||
| Q3 25 | $140.9B | — | ||
| Q2 25 | $144.2B | — | ||
| Q1 25 | $142.9B | — | ||
| Q4 24 | $139.4B | — | ||
| Q3 24 | $135.2B | — | ||
| Q2 24 | $137.7B | — | ||
| Q1 24 | $131.4B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $649.0M |
| Free Cash FlowOCF − Capex | $1.1B | — |
| FCF MarginFCF / Revenue | 35.3% | — |
| Capex IntensityCapex / Revenue | 5.3% | — |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $915.0M | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $966.0M | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $898.0M | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $853.0M | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $881.0M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $819.0M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $951.0M | — |
| Q4 25 | 35.3% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 44.3% | — | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 43.3% | — | ||
| Q3 24 | 27.0% | — | ||
| Q2 24 | 38.7% | — | ||
| Q1 24 | 34.0% | — |
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 2.1% | — |
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.12× | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.21× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.89× | — | ||
| Q1 24 | 1.32× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICE
| Other | $1.9B | 60% |
| Fixed Income Data And Analytics | $318.0M | 10% |
| Exchange Data | $266.0M | 8% |
| Origination Technology | $188.0M | 6% |
| Financial Futures And Options | $155.0M | 5% |
| Listings | $125.0M | 4% |
| OT Cand Other Transactions | $97.0M | 3% |
| Closing Solutions | $60.0M | 2% |
| Fixed Income Execution | $29.0M | 1% |
| Product And Service Net Interest Income | $26.0M | 1% |
KGC
Segment breakdown not available.
