— Know what they know.
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Not Investment Advice

AKAM

NASDAQ · USD
Akamai Technologies, Inc.
Technology · Software - Infrastructure
CEO F. Thomson Leighton Employees 11,000 R&D / revenue 12.2%
Last price
$87.81−4.89%last session
Market cap
$12.6B
P/E (TTM)
30.9x
From 52w high
−46.9%
From 52w low
+24.0%
1-year return
+20.4%
RSI 14 · vs SMA200
30.5 · −21.8%
IS score
44.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

AKAM   SPY   XLK (sector ETF) · weekly closes
100120140160180200220Jan 26Apr 26Jul 26Oct 26XLK 129AKAM 120SPY 116

Score DNA

Each bar is a 0-100 score within the scored universe
37
Profitability
41
Growth
32
Value
72
Momentum
50
Risk (safety)
53
Quality
55
Balance sheet
62
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
▲ Share count rising
Observations
Moat model: Weak, Switching CostsPiotroski 3 / 9Altman Z 1.9Beta 0.642 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
6 open-market sales, $2.2M
Form 144 notices (12m): 23, $17.3M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+34
144 new holders, 100 closed
805 filers hold 111.5% · 290 added, 285 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+30
656 funds adding shares
626 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
48.3%
20-day avg 52.7%, 50-day avg 53.1%
Latest 4.4 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$4.2B
Revenue growth YoY+5.4%
Gross margin54.7%
Operating income$628.2M
Operating margin14.9%
Net income$452.0M
Net margin10.7%
EPS (diluted)$3.07
Cash flow
Operating cash flow$1.5B
Capital expenditure$819.5M
Free cash flow$699.3M
FCF conversion (FCF / OCF)46.0%
Stock-based compensation$459.4M
FCF less SBC$239.9M
Buybacks$800.0M
Dividends$0
Balance sheet & returns
Cash & short-term investments$1.2B
Total debt$5.7B
Net debt$4.5B
Shareholders' equity$5.0B
Goodwill & intangibles$3.8B
Debt / equity1.97
ROE (TTM)8.5%
ROIC (TTM)2.9%
Operating margin by fiscal year
22.6%FY202118.7%FY202216.7%FY202313.4%FY202414.8%FY2025
Revenue $3.5B (FY2021) to $4.2B (FY2025), a 5.0% CAGR.

Valuation

P/E (TTM)30.9x
EV / EBITDA15.9x
Price / sales2.92x
Price / FCF20.0x
FCF yield4.99%
Buyback yield6.34%
SBC / revenue11.8%
Price / book2.68x
Forward P/E FY202613.1x
Forward P/E FY202713.0x
Forward P/E FY202810.2x
Forward multiples divide today's price by Street EPS estimates. Street mean target $152.18 across 11 analysts last quarter is theirs, not ours.

AKAM vs industry median

296 companies in Software - Infrastructure
Gross margin 56.4% 65.7% Operating margin 11.8% -1.8% Net margin 9.5% -5.3% ROIC 2.9% 2.0%
AKAM (TTM)Industry median Asset turnover 0.29 vs industry 0.50 · financial leverage 3.17

Earnings delivery

Next report 2026-11-05 · consensus EPS $1.67
92%
beat rate, 11 of 12 quarters
+5.4%
median EPS surprise
7
longest beat streak
+8+6+2+3+0+9+8+12+13+5+1+1
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-07 to 2026-08-06. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
AKAM Akamai Technologies, Inc. $12.6B30.9x8.5%9.5%+5.4% +20.4%
GDDY GoDaddy Inc. $13.4B15.6x442.9%18.5%+7.4% −17.2%
DOCN DigitalOcean Holdings, Inc. $11.6B39.2x62.3%12.6%+21.4% +129.1%
CHKP Check Point Software Technol $14.1B13.9x37.6%28.8%+4.6% −26.8%
CFLT Confluent, Inc. $11.1Bn/m-27.7%-25.2%+21.1% +56.9%
GEN Gen Digital Inc. $14.5B13.9x41.9%16.1%+20.2% —
SAIL SailPoint, Inc. $10.7Bn/m-2.9%-16.3%+135.5% —
TOST Toast, Inc. $16.3B38.1x25.2%8.1%+23.0% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

2026-09-25Exhibits
2026-09-24Material Agreement; Unregistered Equity Sales; Bylaws Amendment; Regulation FD; Exhibits
2026-05-22Material Agreement; Financial Obligation; Unregistered Equity Sales; Other Events; Exhibits
2026-05-20Other Events; Exhibits
2026-05-18Material Agreement; Financial Obligation; Other Events; Exhibits
2026-05-13Officer/Director Change; Bylaws Amendment; Shareholder Vote; Exhibits

Context

Shares outstanding143,717,000
Free float97.8%
Institutional ownership111.5%
Beta0.64
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$109.36 / $112.26
Large-cap Technology median P/E34.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where AKAM sits among 82 scored companies in Software - Infrastructure (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureAKAMIndustry medianIndustry percentileSector median
P/E (TTM) 30.7x 30.5x
51st		 32.0x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 2.9x 3.5x
42nd		 3.9x
Price / book 2.7x 4.9x
25th		 4.4x
Price / tangible book 18.5x 12.4x
64th		 8.8x
Price / free cash flow 20.0x 19.2x
54th		 20.3x
Price / operating cash flow 8.7x 13.8x
27th		 17.9x
Enterprise value $18.6B $5.3B
74th		 $5.5B
EV / sales 4.3x 4.0x
54th		 4.1x
EV / EBITDA 14.5x 20.0x
44th		 18.9x
EV / EBIT 33.4x 25.5x
65th		 26.7x
EV / free cash flow 29.5x 20.5x
66th		 21.9x
Earnings yield 3.3% 2.3%
60th		 2.0%
FCF yield 5.0% 4.6%
52nd		 3.3%
Operating cash flow yield 11.5% 7.1%
74th		 4.4%
Graham number (per share) $43.12 $13.16
81st		 $28.08

Profitability (TTM)

MeasureAKAMIndustry medianIndustry percentileSector median
Gross margin 56.4% 70.2%
32nd		 55.7%
EBITDA margin 29.8% 13.7%
77th		 13.7%
Operating margin 11.8% 8.9%
63rd		 8.2%
EBIT margin 12.9% 9.9%
67th		 8.6%
Net margin 9.5% 9.3%
53rd		 5.7%
NOPAT margin 9.8% 7.5%
56th		 7.0%
FCF margin 14.6% 18.4%
38th		 15.0%
Operating cash flow margin 33.5% 24.1%
75th		 18.4%
R&D / revenue 12.8% 16.6%
44th		 12.9%
SG&A / revenue 31.2% 36.1%
42nd		 25.6%
Stock comp / revenue 11.8% 6.6%
75th		 4.4%
Effective tax rate 17.7% 21.0%
41st		 21.0%

Returns on capital

MeasureAKAMIndustry medianIndustry percentileSector median
ROE (on average equity) 8.9% 13.4%
42nd		 9.4%
ROA 3.2% 4.7%
43rd		 4.1%
ROIC 3.9% 11.3%
36th		 9.0%
ROCE 4.6% 8.1%
37th		 8.6%
Return on tangible assets 4.4% 6.4%
43rd		 5.9%
Cash ROIC (OCF / invested capital) 13.5% 30.3%
20th		 20.7%
Gross profitability (GP / assets) 16.2% 32.4%
19th		 30.0%
ROIC, 3-yr average 7.2% 8.3%
48th		 7.4%
ROIC, 5-yr average 11.1% 8.3%
56th		 7.9%
ROE, 5-yr average 11.6% -2.1%
70th		 6.9%
Incremental ROIC 1.7% 29.1%
38th		 15.3%

Growth

MeasureAKAMIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 5.9% 14.3%
21st		 14.3%
Revenue growth (QoQ) 2.4% 5.9%
22nd		 6.6%
Revenue CAGR, 3 yr 5.7% 12.0%
32nd		 9.6%
Revenue CAGR, 5 yr 5.3% 14.2%
21st		 11.5%
Gross profit CAGR, 3 yr 3.1% 12.7%
15th		 10.9%
Operating income CAGR, 3 yr -5.4% 17.3%
12th		 11.3%
Net income growth (TTM YoY) -3.2% 16.7%
31st		 21.6%
Net income CAGR, 3 yr -7.9% 10.1%
13th		 9.9%
EPS growth (TTM YoY) -8.5% 21.5%
27th		 22.3%
EPS CAGR, 3 yr -8.0% 13.1%
16th		 11.2%
EPS CAGR, 5 yr -5.3% 13.8%
12th		 12.0%
FCF growth (TTM YoY) -7.2% 17.2%
19th		 24.6%
FCF CAGR, 3 yr -3.6% 21.6%
10th		 19.3%
Operating cash flow CAGR, 3 yr 3.4% 22.3%
11th		 17.9%
Book value CAGR, 3 yr 3.4% 7.1%
35th		 6.8%
Dividend CAGR, 3 yr —
Sustainable growth rate 8.9% 15.9%
33rd		 14.2%

Margin history & stability

MeasureAKAMIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 58.5% 70.5%
35th		 53.2%
Operating margin, 3-yr average 14.0% 5.3%
71st		 6.6%
Net margin, 3-yr average 12.0% 3.4%
69th		 5.2%
FCF margin, 3-yr average 17.7% 14.7%
56th		 12.7%
Revenue stability (0-1) 0.99 0.96
79th		 0.87
Earnings stability (0-1) 0.56 0.57
49th		 0.45
Margin stability (0-1) 0.96 0.96
45th		 0.95

Liquidity (latest quarter)

MeasureAKAMIndustry medianIndustry percentileSector median
Cash & short-term investments $3.4B $689.5M
85th		 $494.1M
Net cash (− = net debt) −$6.0B $140.9M
9th		 $49.8M
Working capital $1.8B $260.0M
89th		 $391.0M
Current ratio 1.64 1.42
62nd		 1.92
Quick ratio 1.64 1.38
64th		 1.67
Cash ratio (cash + ST investments / current liabilities) 1.18 0.94
68th		 0.95
Defensive interval (days) 816 days 494 days
77th		 521 days

Leverage & solvency (latest quarter)

MeasureAKAMIndustry medianIndustry percentileSector median
Total debt $9.3B $511.2M
94th		 $349.3M
Debt / equity 1.97 0.39
77th		 0.29
Net debt / equity 1.26 −0.33
83rd		 −0.13
Debt / assets 62.0% 27.1%
88th		 16.9%
Debt / capital 66.3% 29.8%
76th		 22.3%
Debt / EBITDA 7.26 2.44
85th		 1.78
Net debt / EBITDA 4.65 −0.49
92nd		 −0.18
Interest coverage (EBIT / interest) 9.5x 3.9x
72nd		 5.8x
Cash interest coverage 24.7x 14.1x
63rd		 12.8x
Debt payback (years of OCF) 6.5 yrs 2.2 yrs
85th		 1.6 yrs
Liabilities / assets 68.5% 63.9%
56th		 48.7%
IS credit model rating BBB- — —
Implied credit spread (bps) 350 225
59th		 175

Efficiency

MeasureAKAMIndustry medianIndustry percentileSector median
Asset turnover 0.34 0.58
20th		 0.62
Fixed asset turnover 1.00 10.05
11th		 9.25
Inventory turnover —
Receivables turnover 5.0 6.2
30th		 6.2
Days sales outstanding 73 days 58 days
70th		 59 days
Days inventory outstanding —
Days payables outstanding 41 days 32 days
59th		 46 days
Cash conversion cycle (days) 32 days 34 days
48th		 50 days
Capex / revenue 18.9% 2.1%
91st		 2.3%
Capex / depreciation 1.12 0.47
78th		 0.56
Operating expense ratio 48.5% 57.7%
42nd		 44.3%

Cash flow & earnings quality

MeasureAKAMIndustry medianIndustry percentileSector median
Operating cash flow / net income 3.52 1.79
78th		 1.61
FCF / net income 1.53 1.53
50th		 1.33
FCF / operating cash flow 43.5% 90.7%
17th		 88.0%
Capex / operating cash flow 56.5% 9.3%
83rd		 12.0%
Accruals ratio -8.1% -7.9%
48th		 -6.3%
Sloan accruals ratio -0.6% -2.3%
60th		 -1.8%
Earnings quality score (0-1) 0.75 0.75
11th		 0.75

Dividends & buybacks

MeasureAKAMIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 0.0%
Dividend per share (TTM) $0.00 $0.00
0th		 $0.00
Payout ratio (dividends / net income) 0.0% 0.0%
0th		 0.0%
Dividends / FCF 0.0% 0.0%
0th		 0.0%
Dividend growth (YoY) —
Buyback yield 11.2% 2.0%
91st		 1.2%
Shareholder yield (dividends + buybacks) 11.2% 2.3%
90th		 1.7%
Share count change (YoY) 5.8% 0.0%
84th		 0.1%
Buybacks, last 5 years $2.8B $224.2M
88th		 $215.3M

Scores & forensic checks

MeasureAKAMIndustry medianIndustry percentileSector median
IS score 44 58
25th		 56
IS profitability 37 44
43rd		 40
IS growth 41 65
19th		 65
IS value 32 37
33rd		 39
IS momentum 72 81
38th		 78
IS risk (safety) 50 65
33rd		 100
IS quality 53 68
27th		 67
IS balance sheet 55 65
41st		 72
IS earnings quality 62 62
49th		 61
IS cash flow 51 67
22nd		 66
Piotroski F-score (0-9) 3 6
1st		 6
Altman Z-score 1.9 2.9
35th		 4.0
Beneish M-score −2.58 −2.61
56th		 −2.58
Ohlson O-score −7.17 −6.95
47th		 −8.00
IS credit score 55 64
41st		 69

Per share

MeasureAKAMIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $2.67 $0.68
77th		 $0.84
Book value per share $30.90 $4.49
86th		 $9.77
Tangible book per share $6.78 $1.24
85th		 $3.22
Revenue per share $28.13 $10.67
83rd		 $13.00
FCF per share $4.10 $1.54
73rd		 $1.78
Operating cash flow per share $9.42 $2.14
89th		 $2.40
Cash per share $21.83 $4.92
91st		 $4.50

Size (TTM)

MeasureAKAMIndustry medianIndustry percentileSector median
Market cap $12.6B $4.3B
69th		 $4.7B
Revenue $4.3B $1.3B
78th		 $1.2B
EBITDA $1.3B $176.5M
85th		 $185.8M
Net income $411.0M $87.5M
77th		 $84.9M
Free cash flow $629.9M $176.3M
73rd		 $170.6M
Total assets $15.1B $2.4B
88th		 $2.4B
Shareholders' equity $4.7B $594.2M
86th		 $1.1B
Employees 11,000 2,856
90th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-25Sundaram Mani
EVP and GM Security
 Open-market sale 7,022$125.62$882,10414,625
2026-09-25Salem-Jackson Kim
EVP, Chief Marketing Officer
 Open-market sale 2,013$128.00$257,66457,197
2026-09-15Joseph Paul C
EVP - Global Sales
 Open-market sale 3,100$105.63$327,45328,472
2026-09-12Howell Laura
SVP, Chief Accounting Officer
 Option exercise 323——16,804
2026-09-12Howell Laura
SVP, Chief Accounting Officer
 Tax withholding 108$106.79$11,53316,696
2026-09-12Howell Laura
SVP, Chief Accounting Officer
 Option exercise 323——0
2026-07-15Joseph Paul C
EVP - Global Sales
 Open-market sale 3,100$126.77$392,98731,572
2026-06-18Blumofe Robert
Chief Technology Officer
 Open-market sale 243$129.41$31,44731,006
2026-06-12Howell Laura
SVP, Chief Accounting Officer
 Option exercise 322——16,576
2026-06-12Howell Laura
SVP, Chief Accounting Officer
 Tax withholding 95$132.46$12,58416,481
2026-06-12Howell Laura
SVP, Chief Accounting Officer
 Option exercise 322——323
2026-06-10Salem-Jackson Kim
EVP, Chief Marketing Officer
 Open-market sale 2,300$135.57$311,81159,210

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarMayJunJulSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired814,858—
Open-market saleDisposed617,778$2.2M
Option exerciseDisposed612,584—
Option exerciseAcquired612,584—
Tax withholdingDisposed2203$24,117
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 23 notices · 159,278 shares · $17.3M
FiledFilerShares proposedEst. proceeds
2026-09-25Salem-Jackson Kim2,013$257,664
2026-09-25Sundaram Mani7,022$882,123
2026-07-15Joseph Paul C6,200$785,974
2026-06-18Blumofe Robert243$31,447
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 5 trades (1 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2025-10-31Lisa McClainHouseSale$1,001 - $15,0002025-11-24
2025-10-30Lisa McClainHousePurchase$1,001 - $15,0002025-11-24
2025-10-30Lisa McClainHouseSale$1,001 - $15,0002025-11-24
2022-12-20Susan M. CollinsSenateSale (Full)$15,001 - $50,0002023-01-10
2022-12-20Susan M. CollinsSenateSale (Full)$15,001 - $50,0002023-01-09
2022-12-20Susan Margaret CollinsSenateSale (Full)$15,001 - $50,0002023-01-09
2019-08-20Susan M. CollinsSenatePurchase$15,001 - $50,0002019-09-10
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
Capital World Investors11,203,309$1.3B7.80%
BlackRock, Inc.10,461,720$1.2B7.28%
VANGUARD CAPITAL MANAGEMENT LLC9,496,453$1.1B6.61%
VANGUARD PORTFOLIO MANAGEMENT LLC7,257,551$857.9M5.05%
STATE STREET CORP5,774,426$682.6M4.02%
FIRST TRUST ADVISORS LP4,752,119$561.7M3.31%
GEODE CAPITAL MANAGEMENT, LLC4,226,353$501.5M2.94%
Invesco Ltd.3,913,562$462.6M2.72%
BANK OF AMERICA CORP /DE/3,568,226$421.8M2.48%
ROYAL BANK OF CANADA3,226,337$381.4M2.24%
DIMENSIONAL FUND ADVISORS LP2,597,753$307.1M1.81%
FMR LLC2,359,623$278.9M1.64%
BANK OF NOVA SCOTIA2,253,873$266.4M1.57%
Bank of New York Mellon Corp2,253,858$266.4M1.57%
GOLDMAN SACHS GROUP INC2,163,067$255.7M1.51%

Institutional ownership by quarter

2023-092026-06111.5%
% of shares held by 13F filers
2023-092026-06805
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-30805111.5%144290285100
2026-03-31771106.8%18225923085
2025-12-3169099.7%13722725395
2025-09-30662155.7%8623625777
2025-06-30662108.9%9023425377
2025-03-3165795.5%7323426588
2024-12-3168199.6%8723326675
2024-09-3068399.7%9324225964
2024-06-3066298.3%54235289134
2024-03-3175898.6%9726028984
2023-12-3175598.5%13324027940
2023-09-3067596.8%7920629263

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-12SCHEDULE 13GCapital World Investors7.8%11,331,622
2026-04-28SCHEDULE 13GVanguard Portfolio Management5.2%7,558,437
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-01-21SCHEDULE 13G/ABlackRock, Inc.7.0%10,026,738
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$485.2M
VTI0.02%$485.2M
VTSAX0.02%$485.2M
VSMPX0.02%$485.2M
VFFSX0.02%$401.4M
VFIAX0.02%$401.4M

Share structure

Shares outstanding143,717,000
Float140,514,267
Free float97.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$3.5B$3.6B$3.8B$4.0B$4.2B
Cost of revenue$1.3B$1.4B$1.5B$1.6B$1.9B
Gross profit$2.2B$2.2B$2.3B$2.4B$2.3B
R&D$335.4M$391.4M$406.0M$470.9M$513.6M
SG&A$919.0M$984.1M$1.1B$1.1B$1.2B
Operating income$783.1M$676.3M$637.3M$533.4M$628.2M
EBITDA$1.4B$1.3B$1.2B$1.3B$1.3B
Pretax income$714.2M$650.4M$654.0M$587.0M$602.4M
Income tax$62.6M$126.7M$106.4M$82.1M$150.4M
Net income$651.6M$523.7M$547.6M$504.9M$452.0M
EPS, diluted$3.93$3.26$3.52$3.27$3.07
Diluted shares165.8M160.5M155.4M154.3M147.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.1B$1.1B$864.4M$1.6B$1.2B
Receivables$675.9M$679.2M$724.3M$727.7M$793.7M
Inventory$0$0$0$0$0
Total current assets$1.9B$2.0B$1.8B$2.6B$2.2B
PP&E, net$2.5B$2.4B$2.7B$3.0B$3.8B
Goodwill & intangibles$2.5B$3.2B$3.4B$3.9B$3.8B
Total assets$8.1B$8.3B$9.9B$10.4B$11.5B
Accounts payable$109.9M$145.4M$146.9M$130.4M$125.1M
Total current liabilities$790.3M$818.9M$836.0M$2.1B$967.5M
Long-term debt$2.0B$2.3B$3.5B$2.4B$5.3B
Total liabilities$3.6B$3.9B$5.3B$5.5B$6.5B
Shareholders' equity$4.5B$4.4B$4.6B$4.9B$5.0B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$651.6M$523.7M$547.6M$504.9M$452.0M
Depreciation & amortization$550.6M$592.8M$570.8M$648.4M$708.6M
Stock-based compensation$202.8M$217.2M$328.5M$393.4M$459.4M
Change in working capital−$40.5M−$5.3M−$130.7M−$34.3M−$173.1M
Operating cash flow$1.4B$1.3B$1.3B$1.5B$1.5B
Capital expenditure−$545.2M−$458.3M−$730.0M−$685.3M−$819.5M
Free cash flow$859.3M$816.4M$618.4M$833.9M$699.3M
Investing cash flow−$646.9M−$622.3M−$1.8B−$798.7M−$540.7M
Net debt issued / repaid$0$0$1.2B$0$276.2M
Buybacks−$522.3M−$608.0M−$654.0M−$557.5M−$800.0M
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin63.3%61.7%60.4%59.4%57.9%
Operating margin22.6%18.7%16.7%13.4%14.8%
Net margin18.8%15.8%14.4%12.7%10.7%
FCF margin24.8%22.6%16.2%20.9%16.6%
ROE14.8%12.9%12.2%10.7%9.2%
ROIC11.3%9.2%6.5%5.8%4.4%
ROA8.2%7.0%6.0%5.0%4.1%
Debt / equity0.630.730.990.951.39
Interest coverage11.1x59.0x37.9x22.7x9.5x
Current ratio2.432.412.161.232.29
Revenue growth+8.2%+4.5%+5.4%+4.7%+5.4%
EPS growth+17.6%−8.1%−4.0%−5.4%−6.7%
P/E at year end29.6x23.2x33.9x29.0x28.4x
EV / EBITDA at year end15.6x12.2x17.9x14.0x13.4x
FCF yield at year end4.45%6.15%3.33%5.69%5.45%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by region · FY2025

UNITED STATES$2.1B · 51%
Non-US$2.1B · 49%

Street estimates by fiscal year

Next report 2026-11-05 · consensus EPS $1.67 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$4.5B$4.5B – $4.5B$6.68$6.40 – $6.811613.1x
2027$5.2B$4.9B – $5.4B$6.74$5.44 – $8.321513.0x
2028$6.4B$5.3B – $7.1B$8.61$5.96 – $12.08710.2x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-06$1.57$1.59+1.3%$1.1B$1.1B+0.8%
2026-05-07$1.60$1.61+0.6%$1.1B$1.1B+0.1%
2026-02-19$1.76$1.84+4.5%$1.1B$1.1B+1.7%
2025-11-06$1.64$1.86+13.4%$1.0B$1.1B+1.1%
2025-08-07$1.55$1.73+11.6%$1.0B$1.0B+2.2%
2025-05-08$1.57$1.70+8.3%$1.0B$1.0B+0.5%
2025-02-20$1.52$1.66+9.2%$1.0B$1.0B+0.5%
2024-11-07$1.59$1.590.0%$999.3M$1.0B+0.5%
2024-08-08$1.53$1.58+3.3%$977.7M$979.6M+0.2%
2024-05-09$1.61$1.64+1.9%$989.0M$987.0M−0.2%
2024-02-13$1.59$1.69+6.3%$998.1M$995.0M−0.3%
2023-11-07$1.51$1.63+7.9%$943.3M$965.5M+2.3%
2023-08-08$1.41$1.49+5.7%$929.7M$935.7M+0.6%
2023-05-09$1.32$1.40+6.1%$910.5M$915.7M+0.6%
2023-02-14$1.27$1.37+7.9%$904.8M$927.8M+2.5%
2022-11-08$1.23$1.26+2.4%$876.1M$881.9M+0.7%
2022-08-09$1.31$1.35+3.1%$899.0M$903.3M+0.5%
2022-05-03$1.42$1.39−2.1%$903.8M$903.6M−0.0%
2022-02-15$1.42$1.49+4.9%$899.3M$905.4M+0.7%
2021-11-02$1.39$1.45+4.3%$851.7M$860.3M+1.0%
2021-08-03$1.39$1.42+2.2%$845.4M$852.8M+0.9%
2021-05-04$1.30$1.38+6.2%$829.6M$842.7M+1.6%
2021-02-09$1.32$1.33+0.8%$828.4M$846.3M+2.2%
2020-10-27$1.23$1.31+6.5%$744.4M$792.8M+6.5%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.406-150.806-220.506-290.807-060.507-130.607-200.507-270.908-030.608-100.408-170.408-240.308-31
Week ofNotionalSharesTrades
2026-08-31$305.6M2,879,67669,847
2026-08-24$435.6M4,045,23983,955
2026-08-17$422.2M3,683,25890,348
2026-08-10$560.5M4,625,859110,699
2026-08-03$857.7M7,265,855125,470
2026-07-27$453.0M4,054,81785,561

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1548.3%
DateShort shareShort volumeTotal volume
2026-10-1548.3%1,987,9524,117,814
2026-10-1451.1%2,049,3744,008,086
2026-10-1333.9%801,8362,362,102
2026-10-1255.8%910,2271,630,098
2026-10-0962.8%1,809,9342,881,897
2026-10-0844.5%1,078,0202,420,991
2026-10-0761.8%1,126,0511,821,809
2026-10-0653.2%724,7231,363,381
2026-10-0551.2%1,039,0872,028,629
2026-10-0261.2%1,613,0872,635,574
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.4Jan+0.2Feb+3.1Mar+2.7Apr-0.6May+0.9Jun-2.9Jul+2.6Aug-0.5Sep+3.8Oct+2.8Nov+3.0Dec
MonthAvg returnUp yearsYears
Jan+0.4%60%20
Feb+0.2%45%20
Mar+3.1%62%21
Apr+2.7%60%20
May−0.6%45%20
Jun+0.9%55%20
Jul−2.9%55%20
Aug+2.6%55%20
Sep−0.5%45%20
Oct+3.8%50%20
Nov+2.8%60%20
Dec+3.0%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1430.5
MFI28.0
ADX15.7
Stochastic %K / %D10.6 / 9.0
Williams %R-94.0
CCI-184
TSI / signal-21.5 / -11.0
Chaikin money flow-0.42
ATR$6.23
Bollinger width31.1%
Volume vs 20-day avg1.05x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$106.03 (−17.2%)
SMA 50$108.75 (−19.3%)
SMA 200$112.26 (−21.8%)
EMA 21$102.83 (−14.6%)
EMA 50$108.12 (−18.8%)
EMA 200$109.29 (−19.7%)
Bollinger upper$122.54 (−28.3%)
Bollinger lower$89.53 (−1.9%)
Parabolic SAR$108.90 (−19.4%)
Open the live chart, 110+ indicators

About Akamai Technologies, Inc.

Akamai Technologies, Inc. (AKAM) is a leading global provider of cloud services, specializing in the secure delivery, optimization, and protection of online content and business applications across the internet. The company's primary focus involves offering sophisticated cloud-based solutions designed to shield digital infrastructure, websites, applications (including APIs), and end-users from a wide array of cyberattacks and online threats, all while simultaneously enhancing performance. Akamai further excels in accelerating web and mobile experiences, facilitating dynamic and highly responsive websites and applications. Its extensive media delivery offerings encompass seamless video streaming and player services, efficient game and software distribution, robust broadcast operations, authoritative Domain Name System (DNS) resolution, and comprehensive data analytics. Additionally, Akamai provides cutting-edge edge compute solutions, empowering developers to deploy and run their code directly at the network's edge for improved efficiency and reduced latency. The company also extends its expertise to telecommunications carriers, offering specialized services such as advanced cybersecurity protection, parental controls, resilient DNS infrastructure, and content delivery solutions. To ensure client success, Akamai offers a full suite of support services to assist with the seamless integration, configuration, optimization, and ongoing management of its diverse product portfolio. Akamai distributes its solutions through both its dedicated direct sales and service organizations and an extensive network of channel partners. Founded in 1998, Akamai Technologies, Inc. is headquartered in Cambridge, Massachusetts.

https://www.akamai.com

Key executives

NameTitlePayBorn
Adam KaronChief Operating Officer & GM of Cloud Technology Group$579,0001972
Edward J. McGowanExecutive Vice President, Chief Financial Officer & Treasurer$541,1731971
Paul JosephExecutive Vice President of Global Sales & Services$529,0001974
Robert BlumofeExecutive Vice President & Chief Technology Officer$511,0001965
Mani SundaramExecutive Vice President & GM of Security Technology Group$509,0001976
Aaron S. AholaExecutive Vice President, General Counsel & Corporate Secretary$450,8851970
F. Thomson LeightonCo-Founder, Chief Executive Officer, President & Director$11957
Laura HowellSenior Vice President & Chief Accounting Officer—1980

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Dr. Leighton Chief Executive Officer2025$1$16.0M$0$16.0M
Mr. Karon COO and General Manager of the Cloud Technology Group2025$570,000$7.1M$0$7.7M
Mr. McGowan EVP, Chief Financial Officer and Treasurer2025$535,000$5.7M$0$6.2M
Mr. Sundaram EVP and General Manager, Security Technology Group2025$500,000$4.9M$0$5.4M
Mr. Joseph EVP, Global Sales and Services2025$520,000$4.8M$0$5.3M

Employees

8k20184k20198k20209k202110k202210k202311k202411k2025

Dividends

Ex-dateAmountPaid
None on file.

Moat model

Weak · Switching Costs · 2026-06-30
Cost advantage52
Intangibles47
Switching costs59
Network effect42
Efficient scale50
Our component scores (0-100) and overall 50.7; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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