CapIQ or FactSet, if you could only have one...

which would you take? keep in mind with capiq you don't get dealmaven, although they have their own shortcuts and smart trace macros. but you don't get preslink, which is pretty useful too. my bank is a little small so to cut costs some of the analsts get capiq and some get factset. if you had to pick, which would you choose and why?

Comments (69)

 
Oct 2, 2009 - 3:34am

Honestly I think the interface is a lot better and it's easier to find information / also find names and contact information if you're networking or need to help friends with that.

Admittedly I always used Capital IQ a lot more than Factset but that's because I tested both and found Capital IQ easier to use in terms of the program itself and also the Excel plug-in that makes it very quick to spread comps.

Your mileage may vary but I would take CapIQ unless Factset has some kind of functionality that you need to use a lot.

 
Oct 6, 2009 - 12:20am

thanks for the insights guys. i ended up with factset, but i got the chance to work with capiq for a week and i must say i miss the auditing feature that comes with the excel plug-in. being able to see where the numbers are pulling was pretty useful to me. factset has it in some cases with the whole audit and no audit thing...but it's pretty damn clunky in comparison.

 
Oct 7, 2009 - 10:54am

I loved factset until my office got CIQ… The thing I missed the most was dealmaven until I found out CIQ has their own linking tool just like preslink AND the data and auditability is way better. I'd go for CIQ over factset any day

 
Oct 11, 2009 - 7:50pm

ibanker2000:
I loved factset until my office got CIQ… The thing I missed the most was dealmaven until I found out CIQ has their own linking tool just like preslink AND the data and auditability is way better. I'd go for CIQ over factset any day

damn really?? was the presentation linking tool installed by default? i did not realize this at all during the week i had capiq...preslink was one of the things i thought factset had over capiq. not that i can switch anymore, but damn, if capiq has a preslink-like tool then i'd have to say capiq is just better almost all around. ultimately, both have pretty unreliable numbers, but at least capiq is more easily audited.

 
Oct 7, 2009 - 2:07pm

All of the people saying "FactSet is way easier to update in excel than CapIQ" are idiots.

CIQ codes are where it is at - learn how to use them fellas. CapIQ over FactSet and it's not even close. I must say CapIQ support is 10x better than FactSet support. The FactSet people in India (after hours) are horrific.

 
Oct 7, 2009 - 2:44pm

Buck2210:
All of the people saying "FactSet is way easier to update in excel than CapIQ" are idiots.

CIQ codes are where it is at - learn how to use them fellas. CapIQ over FactSet and it's not even close. I must say CapIQ support is 10x better than FactSet support. The FactSet people in India (after hours) are horrific.

I only used CapIQ for a summer internship, and I was able to memorize enough CIQ codes to make a complete comps project by the end. I found it's automation to be very easy, with the only downside being the slow down while updating (which wasn't that bad).

 
May 9, 2011 - 7:35pm

We currently use Factset and our contract is up for renewal but our base fees are in the Millions! Are your Base fees outragous?

Does anyone have a breakdown of costs for CapIQ vs. Factset? I may recommend we switch - enterprise wide.

 
May 9, 2011 - 10:26pm

Factset FTW! The only issue I have is that ALT-S-F-A (updating) takes way too long sometimes, since I often huge spreadsheets. i.e. historical panel data for 100 companies with 100 financials variables for 36 quarters.
Nothing makes me more furious than waiting for an hour to update that shit only to have excel crash ARGHHH!!!!! I swear to god if it was allowed, I would gladly punch through my monitors and pay for replacements the next day when that happens.

 
Jul 19, 2012 - 5:08pm

It is a great resource, especially the new interation that they just put out (or at least my bank just got). Had training this morning on the new platform which actually is very relevant in creating buyers lists (I am in financial sponsors group). I will not abandon CapIQ, however, as I am more familiar with it, but will supplement the two going forward.

Factset is really good for public comps if you have the excel plugin and saves a lot of time in terms of raw data.

 
Jul 19, 2012 - 5:20pm

Which data/research provider do you prefer (CapIQ, Thomson, Factset) (Originally Posted: 11/06/2012)

Just wondering what my fellow private equity colleagues prefer their firm uses. For once I have the ability to decide which provider our firm uses going forward and am wondering what others are using and how they like it.

From talking to account reps, it seems like Thomson definitely has the most research reports and information (content) but lacks in add-ins, macros, excel-related modeling plugins, etc. However they are working to build this in the past six months.

Factset seems to have all the cool gadgets and better technology/software/application but is a bit on the low end with respect to the research reports and content.

and Cap IQ I just don't like but that's my personal opinion.

What do you guys like/prefer?

 
Jul 19, 2012 - 5:32pm

FactSet vs. Capital IQ vs. SNL Financial (Originally Posted: 11/18/2013)

What do you guys use and which one is better? Do you use it for different things?

Those FactSet reps came over to our bank and told us how much better they were. We currently have all our Excel models embedded with Capital IQ CIQ formulas but Cap IQ interface really does seem a bit dated.

Is FactSet better?

I know SNL is for FIG only but how good is it? My bank does a ton of BDCs and REITs - what does SNL do that Cap IQ or FactSet cannot for FIG?

 
Jul 19, 2012 - 5:33pm

Lol, you will regret factset the INSTANT its installed on your computer.
stick with ciq.

1. factset platform is extremely unstable and slow - crashes plenty
2. not user friendly
3. some information are inaccurate

i'm at a BB with factset only, and it sucks major donkey smelly hairy nuts

 
Jul 19, 2012 - 5:36pm

Only SNL if you are working in FIG. Doesn't cover BDCs and REITs to the same level as it does banks and insurers.

CapIQ pricing depends on the number of licenses. Ours runs around $15-20K. Heard mixed things about Factset. CapIQ has been crashing too often the past year and there is plenty of inaccurate data on it as well.

 
Jul 19, 2012 - 5:41pm

I'm fairly late to comment here, but for anyone else that reads this. I've used snl for some time and it's a good product; however, be prepared to get jammed at renewal time. They give the song and dance about unlimited users, but then hit you with 15 - 20% increase on price (year over year).

I've also used CapIQ and it's fairly slick. A better interface than SNL and worlds better than FactSet

 
Jul 19, 2012 - 5:43pm

I like CapIQ much better than Factset. At first I thought the user interface of Factset looked cooler and I was hopeful. But I soon found myself missing CapIQ. The only thing I like about Factset is they give you a bunch of foam footballs you can toss around the office. And then in a month they've all disappeared somehow and then the sadness returns.

 
Jul 19, 2012 - 5:45pm

FACTSET THOMSON ONE OR CAPIQ (Originally Posted: 05/02/2014)

our firm is looking for a new system and I wanted to know if anyone had any experience in working with these systems. So far the consensus I get is capiq is better than thomson one, however I have not heard anything on factset.

 
Jul 19, 2012 - 5:46pm

Well, we generally use CapIQ for historical financials and FactSet for estimated financials in models. I really like that combination because I feel like CapIQ is more accurate in terms of historical financials, but I could be wrong. All in all, I mostly use FactSet for all types of tasks, CapitalIQ for broker reports, call transcripts, and screenings, ThomsonOne for broker reports and Bloomberg for broker reports and market data. If I had to choose, I would probably opt for FactSet or CapitalIQ (or even better, both). ThomsonOne is nice to have, but no must have imho. And it's super slow which is quite annyoing.

 
Jul 14, 2017 - 12:24pm

Late to the party, but you should check out Sentieo. It comes in a lot cheaper than either Factset or CapIQ, and can be useful for M&A when looking up precedent transactions. In particular, it takes about ten seconds to find the fairness opinion of any merger ranging back at least a decade using its document search.

To be fair, it doesn't have quite the breadth of data that either Factset or CapIQ does, but its equity data is on par, both domestic and internationally. I am a former employee of Sentieo, so I am a little biased of course, but for equity analysis and M&A work, I've yet to find a better value proposition.

 
Jul 14, 2017 - 12:25pm

Capital IQ and Others for Corporate Development (Originally Posted: 04/28/2014)

All,

I recently got a job in Corporate Development. One of my first to-do's is to get our team/the firm a thorough market research, data analytics, and overall M&A tool. M&A especially important here since the firm wants to be more acquisitive. For example, Capital IQ.

Wanted to ask the smarter than me folks on this website...what other alternatives are there to Capital IQ? What are some other comparable services? So far, I've been able to dig up as alternatives services...

FactSet
VM Index
Hoovers/ Dun & Bradstreet

Any other ones out there?

Thanks,
Dominick

 
Jul 14, 2017 - 12:27pm
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