DOXAmdocs Limited

$62.27

Is the business good?

How good a business is DOX?

Amdocs Limited earns 14% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

14%

Return on invested capital · cost of capital 9.0% · 4.8 points above what the capital costs: growth creates value

Operating margin
13%

Operating margin · Software - Infrastructure median 6.1% · fiscal year to FY2024

Cash conversion
1.25×

Cash conversion · 1.29× a year ago · every dollar of reported profit arrived as cash, and more

R&D as % of revenue
7.2%

R&D as % of revenue

Operating margin by fiscal year
YearOperating margin
FY201914%
FY202014%
FY202114%
FY202215%
FY202313%
FY202413%
Details
Gross marginfiscal year to FY2024
35%
Operating marginfiscal year to FY2024
13%
Net marginfiscal year to FY2024
9.8%
Free cash flow margin
12%
R&D as % of revenue
7.2%
Revenue, trailing twelve months
$5.00B
Free cash flow, trailing twelve months
$619M
Net income, trailing twelve months
$493M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
14%

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