Note: A glossary of terms used in this Form 10-K appears at the end of this Item 1. We are a global leader in 3D design, engineering and entertainment technology solutions, spanning architecture, engineering, construction, product design, manufacturing, media, and entertainment. Our customers design, fabricate, manufacture, and build anything by visualizing, simulating, and analyzing real-world performance early in the design process. These capabilities allow our customers to foster innovation, optimize their designs, streamline their manufacturing and construction processes, save time and money, improve quality, deliver more sustainable outcomes, communicate plans, and collaborate with others. Our professional software products are sold globally through a combination of indirect and direct channels. Corporate Information Our internet address is www.autodesk.com. The information posted on our website is not incorporated into this Annual Report on Form 10-K.
| 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 | 7.2B | 7.2B | 6.1B | 5.5B | 5.0B | 4.4B |
| Net Income | 1.1B | 1.1B | 1.1B | 906M | 823M | 497M |
| EPS | $5.23 | $5.23 | $5.12 | $4.19 | $3.78 | $2.24 |
| Free Cash Flow | 2.4B | 2.4B | 1.6B | 1.3B | 2.0B | 1.5B |
| ROIC | 31.3% | 34.0% | 32.7% | 47.5% | 63.5% | 26.4% |
| Gross Margin | 58.5% | 58.5% | 61.5% | 59.6% | 57.7% | 55.9% |
| Debt/Equity | 0.90 | 0.90 | 0.99 | 1.23 | 1.99 | 3.51 |
| Dividends/Share | $0.00 | - | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | 1.6B | 1.6B | 1.4B | 1.1B | 989M | 618M |
| Operating Margin | 21.9% | 21.9% | 22.1% | 20.5% | 19.8% | 14.1% |
| ROE | 36.9% | 39.7% | 42.4% | 48.8% | 71.9% | 58.5% |
| Shares Outstanding | 215M | 215M | 217M | 216M | 218M | 222M |
Autodesk, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Autodesk, Inc. trades at 44.1x 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 22.8x vs a median of 42.7x. The company's 5-year average ROIC is 40.8% with a gross margin of 58.6%. Total shareholder yield (buybacks) is 2.9%. At current prices, the estimated annualized return to fair value is +21.2%.
Autodesk, Inc. (ADSK) has a current P/E ratio of 44.1, 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 40.8%. This indicates strong capital allocation and a potential competitive advantage.
Autodesk, Inc. (ADSK) has a market capitalization of $48.8B. 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 2.87%.
Based on historical P/E analysis, Autodesk, Inc. (ADSK) appears cheap. The current P/E of 44.1 is 24% below its historical median of 58.1. The estimated fair value CAGR (P/E method) is 25.7%.
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, 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 0.90. 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 58.6%. 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.