A Business at a Glance
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Autodesk, Inc.
ADSK
$45.1B
Mkt Cap
$209.75
+2.19%
Autodesk, Inc. (ADSK) has a current P/E ratio of 40.7, compared to its historical median P/E of 58.1. The stock is currently considered Cheap based on its historical valuation range.
Autodesk, Inc. (ADSK) has a 5-year average return on invested capital (ROIC) of 43.1%. This indicates strong capital allocation and a potential competitive advantage.
Autodesk, Inc. (ADSK) has a market capitalization of $44.5B. It is classified as a large-cap stock.
Autodesk, Inc. (ADSK) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 3.36%.
Based on historical P/E analysis, Autodesk, Inc. (ADSK) appears cheap. The current P/E of 40.7 is 30% below its historical median of 58.1. The estimated fair value CAGR (P/E method) is 21.6%.
Autodesk, Inc. (ADSK) operates in the Services-Prepackaged Software industry, within the Technology sector.
Autodesk, Inc. (ADSK) reported annual revenue of $7.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Autodesk is a global leader in 3D design, engineering, and entertainment software serving architecture, engineering, construction, product design, manufacturing, media, and entertainment industries. The company operates through three primary segments: Architecture, Engineering, Construction and Operations (AECO), which includes products like AutoCAD, Revit, and Autodesk Build for design and construction workflows; Manufacturing (MFG), offering Fusion, Inventor, and the Product Design & Manufacturing Collection for digital prototyping and product development; and Media & Entertainment (M&E), providing Maya, 3ds Max, and Flow Production Tracking for creative professionals. Autodesk's business model combines subscription-based software licensing with cloud-based collaboration tools, generating revenue through both direct channels (online store, enterprise accounts) and indirect channels (approximately 1,170 resellers and distributors worldwide, representing 37% of fiscal 2026 revenue). The company's unit economics are characterized by recurring subscription revenue with multi-year contract options, supported by a shift toward annual billing and a new transaction model that enables direct customer transactions through Solution Providers. Autodesk's competitive moat derives from its deep industry-specific functionality, large installed base, ecosystem of integrations, and ongoing investments in artificial intelligence, machine learning, and generative design capabilities that enhance automation and sustainability outcomes. The company serves a diverse customer base ranging from individual professionals and small businesses to large enterprises across mature and emerging markets globally.
【Strategic operations expansion】 Management is extending Autodesk's convergence strategy beyond design and manufacturing into operations through the acquisition of MaintainX, a maintenance and asset operations platform, to unlock higher-value system-level AI and extend customer relationships from years to decades. The company expects underlying business momentum to remain strong across AECO, particularly in construction and emerging markets, with sustained investment in data centers, infrastructure, and industrial buildings offsetting softness in commercial real estate. Management anticipates near-term disruption from sales reorganization and restructuring of customer-facing functions in fiscal 2027, with new subscription growth expected to be most affected while renewal rates and self-serve channels remain relatively resilient. The company is advancing its product strategy through connected client workflows, with Revit rolling out as the first form of connected client to seamlessly integrate desktop and cloud products, while continuing to invest in cloud platform services, AI capabilities, and API monetization targeting machine usage and consumption-based models.
| Metric | Target | Period |
|---|---|---|
| Billings | $8.505 billion to $8.58 billion | FY2027 |
| Revenue | $8.155 billion to $8.215 billion | FY2027 |
| Non-GAAP Operating Margin | approximately 39% | FY2027 |
| Free Cash Flow | $2.725 billion to $2.8 billion | FY2027 |
| MaintainX Annualized Recurring Revenue | in excess of $135 million | Calendar year 2026 |
Billings (FY2027): “we've raised the bottom end of our prior billings guidance to a range of $8.505 billion to $8.58 billion”
Revenue (FY2027): “We've raised our revenue guidance to a range of $8.155 billion to $8.215 billion”
Non-GAAP Operating Margin (FY2027): “We've raised our non-GAAP operating margin guidance to approximately 39%”
Free Cash Flow (FY2027): “we've also raised the bottom end of our free cash flow guidance to a range of $2.725 billion to $2.8 billion”
MaintainX Annualized Recurring Revenue (Calendar year 2026): “MaintainX expects to achieve in excess of $135 million of annualized recurring revenue this calendar year”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2027 Earnings Call, Q3 FY2027 Earnings Call, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call
| Segment | 2022 | 2023 | 2024 | 2025 | 2026 | % of Total |
|---|---|---|---|---|---|---|
Cost of subscription and maintenance revenue | $4.14B | $4.72B | $5.17B | $5.76B | $6.78B | 32% |
Subscription | $4.16B | $4.65B | $5.12B | $5.72B | $6.74B | 32% |
Architecture, Engineering, Construction and Operations | — | — | $2.58B | $2.94B | $3.58B | 17% |
AutoCAD and AutoCAD LT | $1.25B | $1.39B | $1.46B | $1.57B | $1.79B | 8% |
Manufacturing | $876M | $978M | $1.06B | $1.19B | $1.38B | 7% |
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 7.5B | 7.2B | 6.1B | 5.5B | 5.0B | 4.4B |
| Net Income | 1.5B | 1.1B | 1.1B | 906M | 823M | 497M |
| EPS | $6.85 | $5.23 | $5.12 | $4.19 | $3.78 | $2.24 |
| Free Cash Flow | 2.7B | 2.4B | 1.6B | 1.3B | 2.0B | 1.5B |
| ROIC | 50.7% | 35.3% | 38.9% | 52.8% | 51.5% | 37.1% |
| Gross Margin | 91.1% | 58.5% | 61.5% | 60.7% | 58.5% | 55.9% |
| Debt/Equity | 0.78 | 0.82 | 0.99 | 1.24 | 2.01 | 3.53 |
| Dividends/Share | $0.00 | - | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | 1.9B | 1.6B | 1.4B | 1.1B | 989M | 618M |
| Operating Margin | 25.1% | 21.9% | 22.1% | 20.5% | 19.8% | 14.1% |
| ROE | 45.9% | 39.7% | 49.7% | 60.4% | 82.5% | 54.8% |
| Shares Outstanding | 212M | 215M | 217M | 216M | 218M | 222M |
Autodesk, Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
Autodesk, Inc. trades at 40.7x trailing earnings, compared to its 15-year median P/E of 58.1x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 21.0x vs a median of 42.7x. The company's 5-year average ROIC is 43.1% with a gross margin of 59.0%. Total shareholder yield (buybacks) is 3.4%. At current prices, the estimated annualized return to fair value is +15.3%.
Autodesk, Inc. (ADSK) has a net profit margin of 15.6%. This is a healthy margin.
Autodesk, Inc. (ADSK) generated $2.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Autodesk, Inc. (ADSK) has a debt-to-equity ratio of 0.82. This indicates moderate leverage.
Autodesk, Inc. (ADSK) reported earnings per share (EPS) of $5.23 in its most recent fiscal year.
Autodesk, Inc. (ADSK) has a return on equity (ROE) of 39.7%. This indicates the company generates strong returns for shareholders.
Autodesk, Inc. (ADSK) has a 5-year average gross margin of 59.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for Autodesk, Inc. (ADSK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Autodesk, Inc. (ADSK) has a book value per share of $14.17, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is extending Autodesk's convergence strategy beyond design and manufacturing into operations through the acquisition of MaintainX, a maintenance and asset operations platform, to unlock higher-value system-level AI and extend customer relationships from years to decades. The company expects underlying business momentum to remain strong across AECO, particularly in construction and emerging markets, with sustained investment in data centers, infrastructure, and industrial buildings offsetting softness in commercial real estate. Management anticipates near-term disruption from sales reorganization and restructuring of customer-facing functions in fiscal 2027, with new subscription growth expected to be most affected while renewal rates and self-serve channels remain relatively resilient. The company is advancing its product strategy through connected client workflows, with Revit rolling out as the first form of connected client to seamlessly integrate desktop and cloud products, while continuing to invest in cloud platform services, AI capabilities, and API monetization targeting machine usage and consumption-based models.
Based on recent SEC filings and earnings calls, Autodesk, Inc. (ADSK) has provided the following forward guidance: Billings: $8.505 billion to $8.58 billion (FY2027); Revenue: $8.155 billion to $8.215 billion (FY2027); Non-GAAP Operating Margin: approximately 39% (FY2027); Free Cash Flow: $2.725 billion to $2.8 billion (FY2027); MaintainX Annualized Recurring Revenue: in excess of $135 million (Calendar year 2026).