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Since 1998, Akamai has developed and provided solutions for global enterprises to build, secure and accelerate their applications and digital experiences. As of December 31, 2025, our massively distributed global infrastructure was comprised of core and distributed compute sites, more than 4,300 edge points-of-presence in over 130 countries and approximately 700 cities, and our underlying globa…
13.47% operating margin is respectable but not wide. ROIC at 4.38%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 5.4%, steady but not accelerating. Free cash flow declined 10% despite revenue growth, conversion is weakening.
Free cash flow declined 10% versus the prior year, cash generation momentum has weakened. Net debt of $4.49B represents 4.4x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$4.27B
▲ +5.4% YoY
Net Income (TTM)
$435M
▼ -10.5% YoY
Op. Margin
12.35%
▲ +0.1pp YoY
ROIC
4.00%
▼ -0.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.09B
▼ -10.4% YoY
Op. Cash Flow (TTM)
$1.58B
Net Debt
$4.94B
Cash & Equiv.
$930M
5Y CAGR: +5.6%
5Y CAGR: +7.6%
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