/
Services-prepackaged software company · DE · FY ends Jul · Revenue $20.88B · 27.53% margin · $7.75B FCF
$322.14
$31.62 (-8.94%)
Last close via Marketstack
Margins and capital returns are both well above average: 26.14% operating margin, ROIC at 15.42%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 15.6% YoY with margins expanding 3.9pp.
Even for strong businesses, today's 20x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
19.6x earnings, 11.5x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$20.88B
▲ +15.6% YoY
Net Income (TTM)
$4.58B
▲ +30.6% YoY
Op. Margin
27.53%
▲ +3.9pp YoY
ROIC
16.94%
▲ +3.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$7.75B
▲ +30.5% YoY
Op. Cash Flow (TTM)
$7.89B
▲ +27.1% YoY
Net Debt
$120M
Cash & Equiv.
$6.78B
5Y CAGR: +19.7%
5Y CAGR: +21.1%
Continue Research