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Amdocs (DOX) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Technology•Software - Infrastructure
B
GoodMetricSide Score: 71/100
ProfitabilityProfit30/30
GrowthGrowth12/25
Balance SheetBalance13/25
Cash QualityCash16/20
Price & Volume

Amdocs Limited, through its subsidiaries, provides software and services to communications, entertainment, media, and other service providers worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud offering. The company also provides CES25, a telco-native, GenAI-led customer experience suite, spanning business, and operations and network domains that is embedded with AI and related tools. In addition, it offers GenAI agents, and which include Customer Engagement Platform, a telecom-specific customer relationship management (CRM) solution; Amdocs Monetization Suite which enables customers to monetize their broad set of services and offerings; Amdocs Intelligent Networking Suite, a set of solutions that provide end-to-end service orchestration; Amdocs Charging; Amdocs eSIM Cloud that enables service providers to offer digital SIM (eSIM); Amdocs MarketONE, a based Software-as-a-Service (SaaS)-based platform that includes pre-integrated digital services, ranging from media, gaming, eLearning, sports and retail to security, and business services; and Amdocs connectX, a cloud-native telco-in-a-box software-as-a-service platform for digital telecom brands, as well as Amdocs CatalogONE that spans the entire CES25 suite and combines embedded business intelligence with telecom-specific GenAI agents. Further, the company provides consulting, experience design, data, cloud, network services, delivery, quality engineering, operations, systems integration, and content services to various platforms and technologies; maintenance, enhancement design and development, and operational support services; network deployment and optimization services; and managed services, including AI and related tools, predictive analytics, and robotic process automation, as well as quality engineering, mobile network, cloud, and professional services. Amdocs Limited was founded in 1982 and is headquartered in Saint Louis, Missouri.

Moat Signals

Competitive analysis based on 81 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~16.0%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Moderate Moat

ROE averages 15.5% but has fluctuated — the competitive advantage may be cyclical or emerging.

Risk Signals

Data-driven red flags and warnings across 81 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~17.5% — no sign of cost or pricing stress.

Earnings Quality

Healthy

FCF covers net income by 1.3x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

D/E ratio is 0.2 — conservative capital structure with low financial risk.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Monitor for further erosion.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 7.0% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$4.62B
2.7%
Q. Revenue
$1.17B
TTM EBITDA
$951.97M
15.7%
TTM Op. Income
$807.34M
17.8%
Q. Op. Income
$192.53M
TTM Net Income
$546.50M
1.0%
Q. Net Income
$137.81M
EPS
N/A
Shares Out.
$107.47M
4.5%
$4.62B in TTM revenue declined 2.7% YoY, reaching $1.17B last quarter. TTM EBITDA of $951.97M and TTM operating income of $807.34M shows growth is flowing through. Net income of $546.50M TTM confirms the company is converting revenue into profit. Revenue is contracting — assess whether this is cyclical or structural.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
21.0%
Op. Margin
16.4%
6.3%
Net Margin
11.8%
18.7%
Op. margin of 16.4% is down 1.1% YoY — costs are rising relative to revenue. Net margin at 11.8%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
12.7x
P/S Ratio
1.5x
P/B Ratio
2.1x
At 12.7x P/E, the stock trades below market averages — potentially undervalued. P/S of 1.5x and P/B of 2.1x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$6.36B
Cash
$214.50M
Long-Term Debt
$647.21M
Book Value
$3.38B
D/E Ratio
0.2
Debt/EBITDA
2.6
With $6.36B in assets and $647.21M in long-term debt, the D/E of 0.2and book value of $3.38B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Free Cash Flow
$80.35M
48.7%
FCF Margin
1.7%
FCF / Net Income
0.6
FCF of $80.35M. The FCF / Net Income ratio of 0.1x indicates partial cash conversion — earnings quality needs attention.

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Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.