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Services-prepackaged software company · WA · FY ends Jun · Revenue $318.27B · 46.80% margin · $72.92B FCF
$441.31
$19.21 (-4.17%)
Last close via Marketstack
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.
At 26x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
26.3x earnings, 45.1x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
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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