ADSKAutodesk

$254.80

Is the business good?

How good a business is ADSK?

Autodesk earns 54% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

54%

Return on invested capital · cost of capital 9.0% · 45 points above what the capital costs: growth creates value

Operating margin
25%

Operating margin · Software - Application median 8.2% · 12 months to Q1 2027

Cash conversion
1.86×

Cash conversion · 1.62× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
−1.8%

Share count, year on year · bought back, each share owns more of the company

Operating margin by fiscal year
YearOperating margin
FY202117%
FY202214%
FY202320%
FY202421%
FY202522%
FY202622%
Details
Gross margin12 months to Q1 2027
91%
Operating margin12 months to Q1 2027
25%
Net margin12 months to Q1 2027
19%
Free cash flow margin
36%
R&D as % of revenue
22%
Revenue, trailing twelve months
$7.51B
Free cash flow, trailing twelve months
$2.73B
Net income, trailing twelve months
$1.46B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
54%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.