Akamai Technologies, Inc.AKAM
NasdaqGS•Technology•Software - Infrastructure
Akamai Technologies, Inc. engages in the provision of security, delivery, and cloud computing solutions in the United States and internationally. It offers security solutions that include web application and application programming interfaces (API) protection solutions, which protect web, API, and mobile app traffic from attacks; Bot & Abuse portfolio, which provides solutions to help customers protect against threats; full account lifecycle protections including the ability to defend against account takeover and opening abuse, adversarial bot protection, protection against credential stuffing, inventory scalping, and hoarding; and solutions designed to stop persistent scrapers from stealing content; API security, which discovers, audits, and monitors API; and microservice and application component protection that analyzes and protects application traffic that moves between application components. The company also offers cloud computing services, which include compute, storage, and cloud native and networking services; and Akamai App Platform, provides ready-to-run templates that address challenges in deploying, managing and scaling Kubernetes clusters at scale. In addition, it offers delivery solutions that include web and mobile performance solutions, which enables dynamic websites and applications, as well as global traffic management, site acceleration, application load balancing, large-scale load testing, and real-user monitoring; and media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.
Akamai Technologies, Inc. (AKAM) reported trailing twelve months revenue of $4.27B as of March 2026, a 6.2% increase year-over-year. Quarterly revenue reached $1.07B, reflecting continued top-line momentum.
Akamai Technologies, Inc. generated $435.18M in TTM net income, with quarterly EBITDA of $298.25M. The operating margin contracted from 15.2% to 10.7%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (10.7%) and net margin (9.9%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 12.1% a year ago, reflecting increased costs or interest expense.
AKAM trades at a P/E of 36.8x (a premium multiple) and a P/S of 3.8x. The price-to-book ratio of 3.3x reflects a moderate premium to book value.
The company generated $210.82M in free cash flow over the trailing twelve months, a 58.0% increase year-over-year, indicating cash generation ability. The balance sheet shows $11.65B in total assets with $4.11B in long-term debt against $4.91B in stockholders equity for a debt-to-equity ratio of 0.8. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~12.7% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~10.3% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~8.6% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~12.4% — no sign of cost or pricing stress.
FCF covers net income by 2.6x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 60.0% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 4.6% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation