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Our vision is to free everyone to safely use any technology, and we believe identity is the key to making that happen. Our purpose is to bring simple and secure digital access to people and organizations everywhere.
$123.27
+$28.55 (+30.14%)
Price from 5 days ago
Operating margin is thin at 5.10%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 11.8% YoY with margins expanding 7.9pp.
At 89x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
89.3x earnings, 24.0x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$3.00B
▲ +11.8% YoY
Net Income (TTM)
$247M
▲ +739.3% YoY
Op. Margin
5.54%
▲ +7.9pp YoY
ROIC
2.12%
▲ +2.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$911M
▲ +17.9% YoY
Op. Cash Flow (TTM)
$920M
▲ +17.9% YoY
Net Debt
-$2.53B
Net Cash Position
Cash & Equiv.
$2.59B
5Y CAGR: +28.4%
5Y CAGR: +50.1%
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