Akamai Technologies, Inc. (AKAM) 10-Year Financial Performance & Capital Metrics

AKAM • • Industrial / General

TechnologyInfrastructure SoftwareCommunications & Network InfrastructureContent Delivery & Network Optimization

AboutAkamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. It also provides web and mobile performance solutions to enable dynamic websites and applications; media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics; and edge compute solutions to enable developers to deploy and distribute code at the edge. In addition, the company offers carrier offerings, including cybersecurity protection, parental controls, DNS infrastructure and content delivery solutions; and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings. It sells its solutions through direct sales and service organizations, as well as through various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.Show more

Revenue $3.99B +4.7%
EBITDA $1.18B -2.2%
Net Income $505M -7.8%
EPS (Diluted) 3.27 -7.1%
Gross Margin 59.39% -1.6%
EBITDA Margin 29.61% -6.6%
Operating Margin 13.36% -20.1%
Net Margin 12.65% -11.9%
ROE 10.66% -12.8%
ROIC 4.54% -25.8%
Debt/Equity 0.95 -3.7%
Interest Coverage 19.67 -45.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 20.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 15.5%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.35%

5Y6.64%

3Y4.86%

TTM4.21%

Profit (Net Income) CAGR

10Y4.22%

5Y1.1%

3Y-8.15%

TTM-3.67%

EPS CAGR

10Y5.92%

5Y2.43%

3Y-5.94%

TTM0.89%

ROCE

10Y Avg9.48%

5Y Avg8.75%

3Y Avg7.66%

Latest6.15%

Peer Comparison

Content Delivery & Network Optimization

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VRSNVeriSign, Inc.	23.1B	249.22	31.15	4.31%	49.86%		3.79%
AKAMAkamai Technologies, Inc.	13.17B	91.53	27.99	4.7%	12.26%	10.71%	6.33%	0.95
FFIVF5, Inc.	15.92B	273.99	23.20	9.66%	22.42%	19.28%	5.69%	0.06
FATNFatPipe, Inc. Common Stock	27.85M	2.00	13.33	-8.8%	6.11%	4.13%		0.41
NETCloudflare, Inc.	58.05B	184.14	-800.61	28.76%	-5.12%	-7.65%	0.34%	1.40

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.2B	2.35B	2.49B	2.71B	2.89B	3.2B	3.46B	3.62B	3.81B	3.99B
Revenue Growth %	0.12%	0.07%	0.06%	0.09%	0.07%	0.11%	0.08%	0.04%	0.05%	0.05%
Cost of Goods Sold+	725.62M	809.11M	875.84M	953.49M	987.62M	1.13B	1.27B	1.38B	1.51B	1.62B
COGS % of Revenue	0.33%	0.34%	0.35%	0.35%	0.34%	0.35%	0.37%	0.38%	0.4%	0.41%
Gross Profit+	1.47B	1.54B	1.61B	1.76B	1.91B	2.07B	2.19B	2.23B	2.3B	2.37B
Gross Margin %	0.67%	0.66%	0.65%	0.65%	0.66%	0.65%	0.63%	0.62%	0.6%	0.59%
Gross Profit Growth %	0.09%	0.05%	0.05%	0.09%	0.08%	0.08%	0.06%	0.02%	0.03%	0.03%
Operating Expenses+	1.01B	1.07B	1.3B	1.4B	1.36B	1.41B	1.41B	1.56B	1.66B	1.84B
OpEx % of Revenue	0.46%	0.46%	0.52%	0.52%	0.47%	0.44%	0.41%	0.43%	0.44%	0.46%
Selling, General & Admin	771.22M	799.76M	887.98M	982.77M	947.54M	966.7M	918.98M	984.11M	1.06B	1.1B
SG&A % of Revenue	0.35%	0.34%	0.36%	0.36%	0.33%	0.3%	0.27%	0.27%	0.28%	0.28%
Research & Development	148.59M	167.63M	222.43M	246.16M	261.37M	269.31M	335.37M	391.43M	406.05M	470.88M
R&D % of Revenue	0.07%	0.07%	0.09%	0.09%	0.09%	0.08%	0.1%	0.11%	0.11%	0.12%
Other Operating Expenses	85.87M	104.99M	188.5M	169.55M	148.16M	170.93M	154.77M	181.02M	200.3M	265.13M
Operating Income+	466.15M	466.51M	314.29M	362.5M	548.92M	658.53M	783.15M	676.27M	637.34M	533.41M
Operating Margin %	0.21%	0.2%	0.13%	0.13%	0.19%	0.21%	0.23%	0.19%	0.17%	0.13%
Operating Income Growth %	-0.05%	0%	-0.33%	0.15%	0.51%	0.2%	0.19%	-0.14%	-0.06%	-0.16%
EBITDA+	765.71M	800.81M	686.6M	797.02M	989.59M	1.14B	1.33B	1.27B	1.21B	1.18B
EBITDA Margin %	0.35%	0.34%	0.28%	0.29%	0.34%	0.36%	0.39%	0.35%	0.32%	0.3%
EBITDA Growth %	0.04%	0.05%	-0.14%	0.16%	0.24%	0.15%	0.17%	-0.05%	-0.05%	-0.02%
D&A (Non-Cash Add-back)	299.56M	334.3M	372.31M	434.52M	440.67M	478.39M	550.63M	592.75M	570.78M	648.41M
EBIT	475.15M	485M	333.03M	386.29M	581.85M	685.2M	800.55M	669.1M	670.24M	614.13M
Net Interest Income+	-7.33M	-3.94M	-984K	-16.26M	-15.01M	-40M	-56.71M	-7.84M	27.48M	73.16M
Interest Income	11.2M	14.7M	17.86M	26.94M	34.35M	29.12M	15.62M	3.26M	45.19M	100.28M
Interest Expense	18.52M	18.64M	18.84M	43.2M	49.36M	69.12M	72.33M	11.1M	17.71M	27.12M
Other Income/Expense	-9.53M	-148K	-97K	-19.41M	-17.53M	-55.56M	-68.94M	-25.91M	16.66M	53.6M
Pretax Income+	456.62M	466.36M	314.19M	343.09M	531.38M	602.98M	714.21M	650.37M	654M	587.01M
Pretax Margin %	0.21%	0.2%	0.13%	0.13%	0.18%	0.19%	0.21%	0.18%	0.17%	0.15%
Income Tax+	135.22M	145.63M	91.43M	44.72M	53.35M	45.92M	62.57M	126.7M	106.37M	82.09M
Effective Tax Rate %	0.7%	0.69%	0.71%	0.87%	0.9%	0.92%	0.91%	0.81%	0.84%	0.86%
Net Income+	321.41M	320.73M	222.77M	298.37M	478.04M	557.05M	651.64M	523.67M	547.63M	504.92M
Net Margin %	0.15%	0.14%	0.09%	0.11%	0.17%	0.17%	0.19%	0.14%	0.14%	0.13%
Net Income Growth %	-0.04%	-0%	-0.31%	0.34%	0.6%	0.17%	0.17%	-0.2%	0.05%	-0.08%
Net Income (Continuing)	321.41M	320.73M	222.77M	298.37M	478.04M	557.05M	651.64M	523.67M	547.63M	504.92M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.78	1.82	1.29	1.76	2.90	3.37	3.93	3.26	3.52	3.27
EPS Growth %	-0.03%	0.02%	-0.29%	0.36%	0.65%	0.16%	0.17%	-0.17%	0.08%	-0.07%
EPS (Basic)	1.80	1.83	1.30	1.78	2.94	3.43	4.01	3.29	3.59	3.34
Diluted Shares Outstanding	180.41M	176.21M	172.71M	169.19M	164.57M	165.21M	165.8M	160.47M	155.4M	154.35M
Basic Shares Outstanding	178.39M	174.92M	171.56M	167.31M	162.71M	162.49M	162.66M	159.09M	152.51M	151.39M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.25B	1.31B	1.35B	2.54B	2.23B	1.93B	1.92B	1.97B	1.8B	2.58B
Cash & Short-Term Investments	749.56M	837.02M	711.94M	1.89B	1.54B	1.1B	1.08B	1.11B	864.44M	1.6B
Cash Only	289.47M	324.17M	313.38M	1.04B	393.75M	352.92M	536.73M	542.34M	489.47M	517.71M
Short-Term Investments	460.09M	512.85M	398.55M	855.65M	1.14B	745.16M	541.47M	562.98M	374.97M	1.08B
Accounts Receivable	380.4M	368.6M	461.46M	479.89M	551.94M	660.05M	675.93M	679.21M	724.3M	727.69M
Days Sales Outstanding	63.18	57.3	67.67	64.53	69.62	75.33	71.28	68.55	69.35	66.55
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	48.43M	19.73M	64.35M	60.67M	62.61M	74.98M	60.22M	52.31M	86.35M	118.84M
Total Non-Current Assets+	2.93B	3.06B	3.3B	2.93B	4.78B	5.83B	6.37B	6.33B	8.1B	7.79B
Property, Plant & Equipment	753.18M	801.02M	862.53M	910.62M	1.91B	2.27B	2.5B	2.35B	2.73B	3B
Fixed Asset Turnover	2.92x	2.93x	2.89x	2.98x	1.51x	1.41x	1.39x	1.54x	1.39x	1.33x
Goodwill	1.15B	1.23B	1.5B	1.49B	1.6B	1.67B	2.16B	2.76B	2.85B	3.15B
Intangible Assets	156.09M	149.46M	201.26M	168.35M	179.43M	234.72M	313.23M	441.72M	536.14M	727.59M
Long-Term Investments	774.67M	779.31M	567.59M	209.07M	835.38M	1.4B	1.09B	320.53M	1.43B	275.59M
Other Non-Current Assets	89.6M	95.95M	136.37M	116.07M	173.06M	147.57M	142.29M	116.52M	124.34M	151.38M
Total Assets+	4.19B	4.37B	4.6B	5.46B	7.01B	7.76B	8.14B	8.3B	9.9B	10.37B
Asset Turnover	0.52x	0.54x	0.54x	0.50x	0.41x	0.41x	0.43x	0.44x	0.39x	0.38x
Asset Growth %	0.05%	0.04%	0.05%	0.19%	0.28%	0.11%	0.05%	0.02%	0.19%	0.05%
Total Current Liabilities+	332.44M	374.59M	463.9M	1.21B	693.34M	758.17M	790.34M	818.87M	836.04M	2.09B
Accounts Payable	61.98M	76.12M	80.28M	99.09M	138.95M	118.55M	109.93M	145.42M	146.93M	130.45M
Days Payables Outstanding	31.18	34.34	33.46	37.93	51.35	38.2	31.62	38.36	35.49	29.38
Short-Term Debt	0	0	0	686.55M	0	0	0	0	0	1.15B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	7.85M	16.45M	30.55M	37.75M	14.75M	34.02M	13.02M	5.23M	6.44M	32.52M
Current Ratio	3.77x	3.50x	2.90x	2.09x	3.22x	2.54x	2.43x	2.41x	2.16x	1.23x
Quick Ratio	3.77x	3.50x	2.90x	2.09x	3.22x	2.54x	2.43x	2.41x	2.16x	1.23x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	734.61M	774.19M	828.22M	1.06B	2.66B	2.75B	2.82B	3.12B	4.47B	3.4B
Long-Term Debt	618.05M	640.09M	662.91M	874.08M	1.84B	1.91B	1.98B	2.29B	3.54B	2.4B
Capital Lease Obligations	0	0	0	0	692.18M	715.4M	707.09M	693.26M	774.81M	829.66M
Deferred Tax Liabilities	12.89M	11.65M	15.51M	19.62M	29.19M	37.46M	40.97M	18.4M	24.62M	16.07M
Other Non-Current Liabilities	93.27M	118.69M	142.96M	160.94M	90.06M	89.83M	68.75M	105.31M	106.18M	130.37M
Total Liabilities	1.07B	1.15B	1.29B	2.27B	3.35B	3.51B	3.61B	3.94B	5.3B	5.49B
Total Debt+	624.29M	640.09M	662.91M	1.56B	2.67B	2.78B	2.86B	3.17B	4.54B	4.63B
Net Debt	334.81M	315.92M	349.53M	524.18M	2.28B	2.42B	2.32B	2.63B	4.05B	4.12B
Debt / Equity	0.20x	0.20x	0.20x	0.49x	0.73x	0.65x	0.63x	0.73x	0.99x	0.95x
Debt / EBITDA	0.82x	0.80x	0.97x	1.96x	2.70x	2.44x	2.14x	2.50x	3.75x	3.92x
Net Debt / EBITDA	0.44x	0.39x	0.51x	0.66x	2.30x	2.13x	1.74x	2.07x	3.35x	3.48x
Interest Coverage	25.16x	25.03x	16.68x	8.39x	11.12x	9.53x	10.83x	60.95x	35.99x	19.67x
Total Equity+	3.12B	3.22B	3.31B	3.19B	3.66B	4.25B	4.53B	4.36B	4.6B	4.88B
Equity Growth %	0.06%	0.03%	0.03%	-0.04%	0.15%	0.16%	0.07%	-0.04%	0.05%	0.06%
Book Value per Share	17.30	18.30	19.17	18.87	22.23	25.73	27.32	27.17	29.58	31.61
Total Shareholders' Equity	3.12B	3.22B	3.31B	3.19B	3.66B	4.25B	4.53B	4.36B	4.6B	4.88B
Common Stock	1.77M	1.73M	1.7M	1.63M	1.62M	1.63M	1.6M	1.56M	1.51M	1.56M
Retained Earnings	-1.28B	-960.73M	-742.41M	-430.89M	48M	605.05M	1.26B	1.92B	2.47B	2.97B
Treasury Stock	0	0	0	0	0	0	0	0	0	-558.49M
Accumulated OCI	-41.45M	-56.22M	-21.93M	-48.91M	-45.14M	-20.2M	-69.11M	-140.33M	-95.33M	-155.99M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	793.45M	871.81M	800.98M	1.01B	1.06B	1.22B	1.4B	1.27B	1.35B	1.52B
Operating CF Margin %	0.36%	0.37%	0.32%	0.37%	0.37%	0.38%	0.41%	0.35%	0.35%	0.38%
Operating CF Growth %	0.21%	0.1%	-0.08%	0.26%	0.05%	0.15%	0.16%	-0.09%	0.06%	0.13%
Net Income	321.41M	320.73M	222.77M	298.37M	478.04M	557.05M	651.64M	523.67M	547.63M	504.92M
Depreciation & Amortization	299.56M	334.3M	372.31M	434.52M	440.67M	478.39M	550.63M	592.75M	570.78M	648.41M
Stock-Based Compensation	126.68M	144.51M	164.31M	183.81M	187.14M	197.41M	202.76M	217.19M	328.47M	393.38M
Deferred Taxes	4.1M	9.63M	-7.24M	2.34M	933K	-33.82M	-47.79M	-104.97M	-22.99M	-70.27M
Other Non-Cash Items	-4.97M	23.7M	60.87M	58.98M	54.38M	85.85M	87.85M	51.35M	55.25M	77.08M
Working Capital Changes	17.38M	33.44M	-12.03M	30.31M	-102.86M	-69.88M	-40.52M	-5.32M	-130.7M	-34.34M
Change in Receivables	-56.25M	3.36M	-63.83M	-30.45M	-64.47M	-90.38M	-24.1M	-21.21M	-49.2M	-22.3M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	39.21M	31.52M	-26.5M	0	344K
Cash from Investing+	-435.56M	-469.43M	-459.17M	-506.53M	-1.67B	-1.04B	-646.9M	-622.31M	-1.85B	-798.68M
Capital Expenditures	-311.68M	-180.95M	-254.15M	-217.61M	-359.67M	-514.31M	-328.97M	-241.27M	-457.91M	-390.43M
CapEx % of Revenue	0.14%	0.08%	0.1%	0.08%	0.12%	0.16%	0.1%	0.07%	0.12%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-135.8M	-134.55M	-162.22M	-190.2M	-202.01M	-245.81M	-220.58M	-223.16M	-399.19M	-423.7M
Cash from Financing+	-297.03M	-359.78M	-365M	233.61M	-35.68M	-223.64M	-562M	-634.18M	443.38M	-679.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.58M	14.02M	-3.81M	-148.58M	-146.79M	-30.05M	-39.75M	-26.17M	-149.96M	-122.17M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	348.47M	555.52M	386.2M	602.59M	496.23M	483.13M	859.33M	816.37M	618.4M	833.9M
FCF Margin %	0.16%	0.24%	0.16%	0.22%	0.17%	0.15%	0.25%	0.23%	0.16%	0.21%
FCF Growth %	0.03%	0.59%	-0.3%	0.56%	-0.18%	-0.03%	0.78%	-0.05%	-0.24%	0.35%
FCF per Share	1.93	3.15	2.24	3.56	3.02	2.92	5.18	5.09	3.98	5.40
FCF Conversion (FCF/Net Income)	2.47x	2.72x	3.60x	3.38x	2.21x	2.18x	2.16x	2.43x	2.46x	3.01x
Interest Paid	0	0	0	639K	1.44M	5.95M	5.75M	6.16M	6.33M	20.42M
Taxes Paid	75.03M	120.23M	91.64M	45.13M	73.9M	79.16M	100.53M	183.9M	134.48M	136.32M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.6%	10.11%	6.82%	9.18%	13.96%	14.09%	14.84%	11.78%	12.23%	10.66%
Return on Invested Capital (ROIC)	10.33%	10%	6.55%	7.37%	8.53%	7.83%	8.68%	7.33%	6.11%	4.54%
Gross Margin	66.98%	65.54%	64.81%	64.87%	65.87%	64.58%	63.34%	61.74%	60.36%	59.39%
Net Margin	14.63%	13.66%	8.95%	10.99%	16.52%	17.42%	18.83%	14.48%	14.37%	12.65%
Debt / Equity	0.20x	0.20x	0.20x	0.49x	0.73x	0.65x	0.63x	0.73x	0.99x	0.95x
Interest Coverage	25.16x	25.03x	16.68x	8.39x	11.12x	9.53x	10.83x	60.95x	35.99x	19.67x
FCF Conversion	2.47x	2.72x	3.60x	3.38x	2.21x	2.18x	2.16x	2.43x	2.46x	3.01x
Revenue Growth	11.89%	6.85%	6.01%	9.06%	6.6%	10.52%	8.23%	4.49%	5.4%	4.7%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
Reportable	-	-	-	-	-	-	-	-	-	3.99B
Reportable Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
UNITED STATES	-	-	-	-	1.68B	1.69B	1.78B	1.84B	1.9B	2.08B
UNITED STATES Growth	-	-	-	-	-	0.65%	4.91%	3.38%	3.51%	9.12%
Non-US	531.9M	593M	720M	855M	1.03B	1.2B	1.42B	1.62B	-	1.92B
Non-US Growth	-	11.49%	21.42%	18.75%	20.61%	16.31%	18.45%	14.29%	-	-
International	-	-	-	-	-	-	-	-	1.71B	-
International Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Akamai Technologies, Inc. (AKAM) has a price-to-earnings (P/E) ratio of 28.0x. This suggests investors expect higher future growth.

Growth & Financials

Akamai Technologies, Inc. (AKAM) reported $4.13B in revenue for fiscal year 2024. This represents a 257% increase from $1.16B in 2011.

Akamai Technologies, Inc. (AKAM) grew revenue by 4.7% over the past year. Growth has been modest.

Yes, Akamai Technologies, Inc. (AKAM) is profitable, generating $506.9M in net income for fiscal year 2024 (12.7% net margin).

Dividend & Returns

Akamai Technologies, Inc. (AKAM) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.

Akamai Technologies, Inc. (AKAM) generated $718.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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