Autodesk, Inc. ADSK
Note: A glossary of terms used in this Form 10-K appears at the end of this Item 1.
We are a global leader in 3D design, engineering and entertainment technology solutions, spanning architecture, engineering, construction, product design, manufacturing, media, and entertainment. Our customers design, fabricate, manufacture, and build anything by visualizing, simulating, and analyzing real-world performance early in the design process. These capabilities allow our customers to foster innovation, optimize their designs, streamline their manufacturing and construction processes, save time and money, improve quality, deliver more sustainable outcomes, communicate plans, and collaborate with others. Our professional software products are sold globally through a combination of indirect and direct channels.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.21B | $6.13B | $5.50B | $5.00B | $4.39B | $3.79B | $3.27B | $2.57B | $2.06B | $2.03B |
| Cost of revenue | $650.0M | $578.0M | $511.0M | $480.0M | $418.0M | $337.0M | $324.9M | $285.9M | $303.4M | $341.9M |
| Gross profit | $6.56B | $5.55B | $4.99B | $4.53B | $3.97B | $3.45B | $2.95B | $2.28B | $1.75B | $1.69B |
| R&D | $1.64B | $1.49B | $1.37B | $1.22B | $1.11B | $932.0M | $851.1M | $725.0M | $755.5M | $766.1M |
| SG&A | $693.0M | $650.0M | $620.0M | $532.0M | $572.0M | $414.0M | $405.6M | $340.1M | $305.2M | $287.8M |
| Total operating expenses | $4.98B | $4.20B | $3.86B | $3.54B | $3.35B | $2.82B | $2.61B | $2.31B | $2.26B | $2.19B |
| Operating income | $1.58B | $1.35B | $1.13B | $989.0M | $618.0M | $629.0M | $343.0M | -$25.0M | -$509.1M | -$499.6M |
| Interest expense | $80.0M | $71.0M | $71.0M | $83.0M | $53.0M | $82.0M | $48.2M | $17.7M | $48.2M | $24.2M |
| Pre-tax income | $1.60B | $1.38B | $1.14B | $946.0M | $565.0M | $547.0M | $294.8M | -$42.7M | -$557.3M | -$523.8M |
| Income tax | $479.0M | $272.0M | $230.0M | $123.0M | $68.0M | $661.0M | $80.3M | $38.1M | $9.6M | $58.3M |
| Net income | $1.12B | $1.11B | $906.0M | $823.0M | $497.0M | $1.21B | $214.5M | -$80.8M | -$566.9M | -$582.1M |
| EPS, basic | 5.28 | 5.17 | 4.23 | 3.81 | 2.26 | 5.52 | 0.98 | -0.37 | -2.58 | -2.61 |
| EPS, diluted | 5.23 | 5.12 | 4.19 | 3.78 | 2.24 | 5.44 | 0.96 | -0.37 | -2.58 | -2.61 |
| Shares, diluted (wtd. avg.) | $215.0M | $217.0M | $216.0M | $218.0M | $222.0M | $222.0M | $222.5M | $218.9M | $219.5M | $222.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.25B | $1.60B | $1.89B | $1.95B | $1.53B | $1.77B | $1.77B | $886.0M | $1.08B | $1.21B |
| Short-term investments | $348.0M | $287.0M | $354.0M | $125.0M | $236.0M | $4.0M | $69.0M | $67.6M | $245.2M | $686.8M |
| Receivables | $1.44B | $1.01B | $876.0M | $961.0M | $716.0M | $643.1M | $652.3M | $474.3M | $438.2M | $452.3M |
| Total current assets | $4.94B | $3.48B | $3.58B | $3.34B | $2.76B | $2.63B | $2.66B | $1.62B | $1.88B | $2.46B |
| Property, plant and equipment | $121.0M | $117.0M | $121.0M | $144.0M | $162.0M | $192.8M | $161.7M | $149.7M | $145.0M | $158.6M |
| Goodwill | $4.29B | $4.24B | $3.65B | $3.62B | $3.60B | $2.71B | $2.44B | $2.45B | $1.62B | $1.56B |
| Other intangibles | $467.0M | $574.0M | $406.0M | $407.0M | $494.0M | $199.3M | $70.9M | $105.6M | $27.1M | $45.7M |
| Total assets | $12.47B | $10.83B | $9.91B | $9.44B | $8.61B | $7.28B | $6.18B | $4.73B | $4.11B | $4.80B |
| Accounts payable | $422.0M | $242.0M | $100.0M | $102.0M | $121.0M | $122.5M | $83.7M | $101.6M | $94.7M | $93.5M |
| Total current liabilities | $5.81B | $5.15B | $4.35B | $4.00B | $4.01B | $3.25B | $3.22B | $2.30B | $2.12B | $2.19B |
| Long-term debt | $2.50B | $2.30B | $2.30B | $2.30B | $2.65B | $1.65B | $2.10B | $2.09B | $1.59B | $1.09B |
| Retained earnings | -$1.43B | -$1.33B | -$1.71B | -$2.00B | -$1.95B | -$1.49B | -$2.30B | -$2.15B | -$2.08B | -$964.2M |
| Total equity | $3.04B | $2.62B | $1.85B | $1.15B | $849.0M | $965.0M | -$139.0M | -$210.9M | -$256.0M | $733.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.45B | $1.61B | $1.31B | $2.07B | $1.53B | $1.44B | $1.42B | $377.1M | $900.0K | $169.7M |
| Depreciation and amortisation | $43.0M | $43.0M | $47.0M | $50.0M | $52.0M | $51.0M | $51.0M | $59.2M | $67.6M | $73.1M |
| Stock-based compensation | $788.0M | $683.0M | $703.0M | $657.0M | $555.0M | $398.0M | $362.4M | $249.5M | $261.4M | $221.8M |
| Capital expenditure | $43.0M | $40.0M | $31.0M | $40.0M | $56.0M | $91.0M | $53.2M | $67.0M | $50.7M | $76.0M |
| Investing cash flow | -$451.0M | -$903.0M | -$502.0M | -$143.0M | -$1.59B | -$404.0M | -$57.3M | -$710.4M | $506.4M | $272.0M |
| Financing cash flow | -$1.36B | -$987.0M | -$852.0M | -$1.49B | -$169.0M | -$1.05B | -$466.8M | $151.9M | -$656.6M | -$578.3M |
| Dividends paid | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Buybacks | $1.40B | $852.0M | $795.0M | $1.10B | $1.08B | $552.0M | $442.5M | $293.5M | $699.0M | $621.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000769397-26-000030.
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