Nasdaq, Inc.
$62.55B- Market cap
- $54.15B
- Debt
- +$9.00B
- Cash
- −$604.00M
Capital structure 86% equity / 14% debt · EV / Revenue 7.57x · EV / EBITDA 20.94x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $54.15B · View financials
Snapshot Sep 4, 4:00 PM ET
FY 2025 · Mkt cap
Decision snapshot: NDAQ stock price at premium vs FSLR $96.88 current versus $44.46 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at FSLR's multiple
Implied fair value · at NDAQ's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: NDAQ FY 2025 (ended Dec 31, 2025) · FSLR FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 86% equity / 14% debt · EV / Revenue 7.57x · EV / EBITDA 20.94x
Capital structure 98% equity / 2% debt · EV / Revenue 3.77x · EV / EBITDA 12.41x
NDAQ carries the larger enterprise value at $62.55B against $19.67B; FSLR trades on the lower EV / Revenue multiple (3.77x vs 7.57x); FSLR on the lower EV / EBITDA (12.41x vs 20.94x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Nasdaq, Inc. · implied price per share
Bear
$30.39
Base
$39.16
Bull
$50.99
First Solar, Inc. · implied price per share
At least 3 of the last 5 annual free-cash-flow observations must be positive.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.74x
0.05x
Net debt / EBITDA
Leverage against operating earnings
2.81x
-1.45x
Cash and equivalents
Liquid reserves on the balance sheet
$604.00M
$2.80B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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$9.00B
$498.57M
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