Akamai Technologies, Inc. (AKAM) Financial Ratios
27 years of historical data (1998–2024) · Technology · Software - Infrastructure
EV/EBITDA
↓
18.97
+17% vs avg
5yr avg: 16.19
30Y Low9.2·High76.4
P/FCF
↓
21.95
↓-10% vs avg
5yr avg: 24.50
30Y Low12.3·High148.1
P/B Ratio
↓
3.86
+4% vs avg
5yr avg: 3.70
30Y Low0.8·High35.6
ROE
↓
10.7%
-16% vs avg
5yr avg: 12.7%
30Y Low-201%·High132%
Debt/EBITDA
↑
3.92
↑+33% vs avg
5yr avg: 2.95
30Y Low0.6·High9.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AKAM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Akamai Technologies, Inc. trades at 37.3x earnings, 25% above its 5-year average of 29.9x, sitting at the 76th percentile of its historical range. Compared to the Technology sector median P/E of 27.2x, the stock trades at a premium of 37%. On a free-cash-flow basis, the stock trades at 21.9x P/FCF, 10% below the 5-year average of 24.5x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.3B | $14.8B | $18.4B | $13.5B | $19.4B | $17.3B | $14.2B | $10.3B | $11.2B | $11.8B | $9.5B |
| Enterprise Value | $22.4B | $18.9B | $22.4B | $16.2B | $21.7B | $19.8B | $16.5B | $10.9B | $11.6B | $12.1B | $9.8B |
| P/E Ratio → | 37.31 | 29.25 | 33.62 | 25.86 | 29.78 | 31.15 | 29.79 | 34.70 | 50.42 | 36.64 | 29.57 |
| P/S Ratio | 4.59 | 3.70 | 4.82 | 3.74 | 5.61 | 5.42 | 4.91 | 3.81 | 4.51 | 5.00 | 4.32 |
| P/B Ratio | 3.86 | 3.03 | 4.00 | 3.10 | 4.28 | 4.08 | 3.89 | 3.24 | 3.39 | 3.64 | 3.04 |
| P/FCF | 21.95 | 17.70 | 29.74 | 16.57 | 22.58 | 35.90 | 28.65 | 17.15 | 29.09 | 21.15 | 27.25 |
| P/OCF | 12.05 | 9.72 | 13.64 | 10.61 | 13.82 | 14.28 | 13.43 | 10.25 | 14.02 | 13.48 | 11.97 |
P/E links to full P/E history page with 30-year chart
AKAM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Akamai Technologies, Inc.'s enterprise value stands at 19.0x EBITDA, 17% above its 5-year average of 16.2x. The Technology sector median is 17.3x, placing the stock at a 10% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.73 | 5.89 | 4.47 | 6.28 | 6.18 | 5.70 | 4.00 | 4.65 | 5.14 | 4.47 |
| EV / EBITDA | 18.97 | 15.98 | 18.57 | 12.73 | 16.29 | 17.39 | 16.67 | 13.62 | 16.87 | 15.07 | 12.84 |
| EV / EBIT | 42.03 | 30.74 | 33.48 | 24.15 | 27.14 | 28.85 | 28.35 | 28.11 | 34.78 | 24.88 | 20.69 |
| EV / FCF | — | 22.64 | 36.28 | 19.79 | 25.28 | 40.92 | 33.24 | 18.02 | 29.99 | 21.72 | 28.21 |
AKAM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Akamai Technologies, Inc. earns an operating margin of 13.4%. Operating margins have compressed from 18.7% to 13.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.7% is modest. ROIC of 4.5% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.4% | 59.4% | 60.4% | 61.7% | 63.3% | 64.6% | 65.9% | 64.9% | 64.8% | 65.5% | 67.0% |
| Operating Margin | 13.4% | 13.4% | 16.7% | 18.7% | 22.6% | 20.6% | 19.0% | 13.4% | 12.6% | 19.9% | 21.2% |
| Net Profit Margin | 12.7% | 12.7% | 14.4% | 14.5% | 18.8% | 17.4% | 16.5% | 11.0% | 8.9% | 13.7% | 14.6% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.7% | 10.7% | 12.2% | 11.8% | 14.8% | 14.1% | 14.0% | 9.2% | 6.8% | 10.1% | 10.6% |
| ROA | 5.0% | 5.0% | 6.0% | 6.4% | 8.2% | 7.5% | 7.7% | 5.9% | 5.0% | 7.5% | 7.8% |
| ROIC | 4.5% | 4.5% | 6.1% | 7.3% | 8.7% | 7.8% | 8.5% | 7.4% | 6.5% | 10.0% | 10.3% |
| ROCE | 6.2% | 6.2% | 7.7% | 9.1% | 10.9% | 9.9% | 10.4% | 8.6% | 7.7% | 11.9% | 12.4% |
AKAM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Akamai Technologies, Inc. carries a Debt/EBITDA ratio of 3.9x, which is moderately leveraged (36% above the sector average of 2.9x). Net debt stands at $4.1B ($4.6B total debt minus $518M cash). Interest coverage of 19.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.95 | 0.95 | 0.99 | 0.73 | 0.63 | 0.65 | 0.73 | 0.49 | 0.20 | 0.20 | 0.20 |
| Debt / EBITDA | 3.92 | 3.92 | 3.75 | 2.50 | 2.14 | 2.44 | 2.70 | 1.96 | 0.97 | 0.80 | 0.82 |
| Net Debt / Equity | — | 0.84 | 0.88 | 0.60 | 0.51 | 0.57 | 0.62 | 0.16 | 0.11 | 0.10 | 0.11 |
| Net Debt / EBITDA | 3.48 | 3.48 | 3.35 | 2.07 | 1.74 | 2.13 | 2.30 | 0.66 | 0.51 | 0.39 | 0.44 |
| Debt / FCF | — | 4.94 | 6.54 | 3.22 | 2.70 | 5.02 | 4.59 | 0.87 | 0.91 | 0.57 | 0.96 |
| Interest Coverage | 19.67 | 19.67 | 35.99 | 60.95 | 10.83 | 9.53 | 11.12 | 8.39 | 16.68 | 25.03 | 25.16 |
AKAM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.23x means Akamai Technologies, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.41x to 1.23x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.23 | 1.23 | 2.16 | 2.41 | 2.43 | 2.54 | 3.22 | 2.09 | 2.90 | 3.50 | 3.77 |
| Quick Ratio | 1.23 | 1.23 | 2.16 | 2.41 | 2.43 | 2.54 | 3.22 | 2.09 | 2.90 | 3.50 | 3.77 |
| Cash Ratio | 0.76 | 0.76 | 1.03 | 1.35 | 1.36 | 1.45 | 2.22 | 1.56 | 1.53 | 2.23 | 2.25 |
| Asset Turnover | — | 0.38 | 0.39 | 0.44 | 0.43 | 0.41 | 0.41 | 0.50 | 0.54 | 0.54 | 0.52 |
| Inventory Turnover | 13.37 | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 66.55 | 69.35 | 68.55 | 71.28 | 75.33 | 69.62 | 64.53 | 67.67 | 57.30 | 63.18 |
AKAM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Akamai Technologies, Inc. returns 3.0% to shareholders annually primarily through share buybacks. The earnings yield of 2.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 3.4% | 3.0% | 3.9% | 3.4% | 3.2% | 3.4% | 2.9% | 2.0% | 2.7% | 3.4% |
| FCF Yield | 4.6% | 5.6% | 3.4% | 6.0% | 4.4% | 2.8% | 3.5% | 5.8% | 3.4% | 4.7% | 3.7% |
| Buyback Yield | 3.0% | 3.8% | 3.6% | 4.5% | 2.7% | 1.1% | 2.4% | 7.3% | 3.2% | 3.2% | 3.2% |
| Total Shareholder Yield | 3.0% | 3.8% | 3.6% | 4.5% | 2.7% | 1.1% | 2.4% | 7.3% | 3.2% | 3.2% | 3.2% |
| Shares Outstanding | — | $154M | $155M | $160M | $166M | $165M | $165M | $169M | $173M | $176M | $180M |
Peer Comparison
Compare AKAM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AKAMYou | $18B | 37.3 | 19.0 | 21.9 | 59.4% | 13.4% | 10.7% | 4.5% | 3.9 |
 FSLY | $4B | -27.7 | — | — | 54.4% | -30.9% | -16.3% | -10.5% | — |
 NET | $88B | -857.2 | 1028.8 | 270.9 | 74.4% | -9.4% | -8.2% | -4.6% | 42.0 |
 CDNS | $98B | 87.4 | 51.7 | 61.7 | 86.4% | 31.1% | 21.9% | 25.9% | 1.3 |
 ZS | $22B | -514.2 | — | 30.7 | 76.9% | -4.8% | -2.7% | -8.4% | — |
 PANW | $129B | 114.7 | 80.1 | 37.2 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
 FTNT | $67B | 37.0 | 29.3 | 30.1 | 80.8% | 30.6% | 135.7% | — | 0.4 |
 CRWD | $119B | -720.1 | 952.1 | 90.5 | 74.6% | -3.4% | -4.2% | -193.7% | 6.8 |
 CHKP | $12B | 11.9 | 13.1 | 9.9 | 85.4% | 30.5% | 37.3% | 23.2% | 2.1 |
 CWAN | $7B | -173.4 | — | 40.1 | 67.3% | -1.1% | -2.5% | -0.3% | — |
 AMZN | $3.0T | 38.3 | 20.7 | 384.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 27 years · Updated daily
Full AKAM Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See AKAM's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs AKAM Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare AKAM vs FSLY
Side-by-side business, growth, and profitability comparison vs Fastly, Inc..
Start ComparisonAKAM — Frequently Asked Questions
Quick answers to the most common questions about buying AKAM stock.
What is Akamai Technologies, Inc.'s P/E ratio?
Akamai Technologies, Inc.'s current P/E ratio is 37.3x. The historical average is 40.2x. This places it at the 76th percentile of its historical range.
What is Akamai Technologies, Inc.'s EV/EBITDA?
Akamai Technologies, Inc.'s current EV/EBITDA is 19.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.1x.
What is Akamai Technologies, Inc.'s ROE?
Akamai Technologies, Inc.'s return on equity (ROE) is 10.7%. The historical average is 0.6%.
Is AKAM stock overvalued?
Based on historical data, Akamai Technologies, Inc. is trading at a P/E of 37.3x. This is at the 76th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Akamai Technologies, Inc.'s profit margins?
Akamai Technologies, Inc. has 59.4% gross margin and 13.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Akamai Technologies, Inc. have?
Akamai Technologies, Inc.'s Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.