Akamai Technologies Inc. (AKAM) intrinsic value & 10-year financials
Akamai Technologies Inc. (AKAM) has a Graham intrinsic value of $55.25 per share. At $87.81 on Oct 17, 2026, the stock trades 59% above that value. Over the last 10 fiscal years revenue grew 6.7% a year to $4.2B, with an average return on invested capital of 10.9%.
- Graham intrinsic value
- $55.25
- Share price (Oct 17, 2026)
- $87.81
- Price vs Graham value
- 59% above
- Market cap
- $12.9B
- Revenue (FY2025)
- $4.2B
- Revenue growth (10-yr CAGR)
- 6.7%
- ROIC (10-yr avg)
- 10.9%
- Free cash flow (FY2025)
- $1.0B
AKAM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.2B | $452.0M | $3.07 | $1.0B | 13.5% | 8.1% |
| FY2024 | $4.0B | $504.9M | $3.27 | $1.1B | 13.4% | 9.1% |
| FY2023 | $3.8B | $547.6M | $3.52 | $890.5M | 16.7% | 11.4% |
| FY2022 | $3.6B | $523.7M | $3.26 | $1.0B | 18.7% | 11.8% |
| FY2021 | $3.5B | $651.6M | $3.93 | $1.1B | 22.6% | 15.3% |
| FY2020 | $3.2B | $557.1M | $3.37 | $700.7M | 20.6% | 14.2% |
| FY2019 | $2.9B | $478.0M | $2.90 | $698.6M | 19.0% | 12.5% |
| FY2018 | $2.7B | $298.4M | $1.76 | $790.7M | 13.4% | 9.7% |
| FY2017 | $2.5B | $218.3M | $1.26 | $546.8M | 12.7% | 6.7% |
| FY2016 | $2.3B | $316.1M | $1.79 | $685.3M | 19.6% | 9.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Akamai Technologies has demonstrated mature, steady growth, with revenue compounding at 6.7% annually over the past decade.
Akamai Technologies returns on capital have been average, hovering around 10.9% ROIC over the decade.
Over the decade, Akamai Technologies shows that management has aggressively returned capital to shareholders by retiring 16.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Akamai Technologies is modeled at 6.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $55.25 per share.