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Services-prepackaged software company · WA · FY ends Jun · Revenue $318.27B · 46.80% margin · $72.92B FCF
$393.82
$7.28 (-1.82%)
EOD Jul 17, 2026
Margins and capital returns are both well above average: 45.62% operating margin, ROIC at 25.97%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 14.9%, still solid.
Even for strong businesses, today's 23x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
23.4x earnings, 40.2x 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)
$318.27B
▲ +14.9% YoY
Net Income (TTM)
$125.22B
▲ +15.5% YoY
Op. Margin
46.80%
▲ +1.0pp YoY
ROIC
24.02%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$72.92B
▼ -3.3% YoY
Op. Cash Flow (TTM)
$170.14B
▲ +14.9% YoY
Net Debt
$47.16B
Cash & Equiv.
$78.27B
5Y CAGR: +14.5%
5Y CAGR: +9.6%
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