XStocksXray

Research report · 16 October 2026

Akamai Technologies Inc (AKAM)

Information Technology · Internet Services & Infrastructure · US stock · price as of 16 Oct 2026

Key indicators

Price	$87.81
52-week range	$70.82 – $165.45
Market cap	$13.5B
P/E (trailing)	31.8×
EV / EBITDA	8.6×
Free-cash-flow yield	7.1%
Dividend yield	–
Revenue (last 12 months)	$4.3B
Revenue growth (3y a year)	5.2%
Operating margin	10.5%
Return on invested capital	26.9%
Net debt / EBITDA	–

Fair value

Fair value is not shown for this company.

X-Ray Score

51/ 100 · Medium confidence · ahead of 49% of sector peers

Valuation78

Growth36

Profitability44

Financial health40

Dividends–

Five-year price chart navy: price · brown: 200-day average · blue band: fair value range

Executive summary

Akamai Technologies operates a distributed network of servers that delivers web content, applications and video quickly to users around the world. It also sells cybersecurity services that protect websites from attacks, along with cloud computing infrastructure. Customers such as media firms, retailers and banks pay subscription and usage-based fees, and the company has been shifting its mix toward security and cloud services.

Sales totalled $4.3 billion over the last twelve months, and the three-year record shows growth of 5.2% a year. The operating margin is 10.5%, and the return on invested capital is 27%. Shareholders do not receive a dividend from the company. Taken together, these numbers give a factual snapshot of the business.

StocksXray gives Akamai Technologies Inc an X-Ray Score of 51 out of 100 (medium confidence), ahead of 49% of the S&P 500 stocks in its sector. Its strongest lens is valuation (78) and its weakest is growth (36).

XStocksXray

Akamai Technologies Inc (AKAM)

Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months

	FY2021	FY2022	FY2023	FY2024	FY2025	Now
Price	$117.04	$84.30	$118.35	$95.65	$87.25	$87.81
Market cap	$19.4B	$13.5B	$18.4B	$14.8B	$12.8B	$13.5B
P/E	29.8×	25.9×	33.6×	29.3×	28.4×	31.8×
EV / revenue	5.3×	3.4×	4.6×	3.3×	2.8×	2.3×
EV / EBITDA	13.7×	9.8×	14.5×	11.1×	9.1×	8.6×
Price / free cash flow	18.0×	13.1×	20.7×	13.1×	12.7×	14.1×
Free-cash-flow yield	5.5%	7.6%	4.8%	7.6%	7.9%	7.1%
Price / book	4.3×	3.1×	4.0×	3.0×	2.6×	2.8×
Dividend yield	–	–	–	–	–	–

Fundamentals checklist ● 4 Good · ● 5 Average · ● 5 Bad · each check graded against the sector

Cash quality

Earnings backed by cash−6.9%Good

Free-cash-flow yield7.1%Good

Risk models

Altman Z score2.3×Bad

Piotroski F-Score6 of 9Average

Growth

EPS growth (3y)−2.0%Bad

Free-cash-flow growth (3y)−0.7%Bad

Revenue growth (3y)5.2%Average

Growth consistency100%Good

Balance sheet

Current ratio1.6×Average

Interest cover13.7×Average

Valuation

EBIT / EV yield4.5%Good

Profitability

Return on invested capital26.9%Average

Operating margin10.5%Bad

Gross profitability16.5%Bad

XStocksXray

Akamai Technologies Inc (AKAM)

Financials US$ millions, from SEC filings; last column is the last twelve months

Income statement	FY21	FY22	FY23	FY24	FY25	LTM
Revenue	3,461	3,617	3,812	3,991	4,208	4,323
Gross profit	2,192	2,233	2,301	2,370	2,481	2,484
Operating income	783	676	637	533	567	456
Net income	652	524	548	505	452	411
Diluted EPS ($)	3.93	3.26	3.52	3.27	3.07	2.76
Free cash flow	1,076	1,033	891	1,129	1,011	956
Gross margin	63.3%	61.7%	60.4%	59.4%	58.9%	57.5%
Operating margin	22.6%	18.7%	16.7%	13.4%	13.5%	10.5%
Net margin	18.8%	14.5%	14.4%	12.7%	10.7%	9.5%
Balance sheet	FY21	FY22	FY23	FY24	FY25	LTM
Total assets	8,139	8,303	9,900	10,369	11,480	15,073
Cash	537	542	489	518	930	1,480
Total debt	–	–	–	–	–	–
Equity	4,530	4,360	4,597	4,878	4,977	4,749
Dividend per share ($)	–	–	–	–	–	–

Revenue and net income US$ billions: navy revenue, teal net income

Margins blue gross, teal operating, brown net

Latest quarters

	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue ($M)	1,015	1,043	1,055	1,095	1,074	1,100
Growth vs a year earlier	+2.9%	+6.5%	+5.0%	+7.4%	+5.8%	+5.4%
Net income ($M)	123	104	140	85	106	79
Diluted EPS ($)	0.82	0.71	0.97	–	0.71	0.52

XStocksXray

Akamai Technologies Inc (AKAM)

Peers in Internet Services & Infrastructure

Company	X-Ray
AKAM · Akamai Technologies Inc	51
VRSN · Verisign Inc	60
GDDY · GoDaddy Inc.	58

Market Compass outlook for Information Technology: Favourable (75/100). It blends regime history, macro sensitivity, momentum and valuation.

Returns

1 week	−17.9%
1 month	−18.0%
3 months	−28.7%
6 months	−8.4%
1 year	+19.2%
3 years	−19.0%
5 years	−14.1%

Technical summary

DailyStrongly bearish3 bullish · 1 neutral · 12 bearish

WeeklyStrongly bearish0 bullish · 1 neutral · 11 bearish

MonthlyBearish2 bullish · 1 neutral · 5 bearish

50-day / 200-day average	$108.75 / $112.26
52-week low / high	$70.82 / $165.45
Classic pivot, support and resistance	S2 83.86 · S1 85.84 · P – · R1 90.89 · R2 93.96

XStocksXray

Akamai Technologies Inc (AKAM)

Strengths

Free-cash-flow yield of 7.1% is ahead of 87% of its sector peers.
Piotroski F-Score of 6 out of 9: most of the nine accounting health tests pass.

Risks and weak spots

Altman Z score is weak against Information Technology peers (2.3×).
EPS growth (3y) is weak against Information Technology peers (−2.0%).
Free-cash-flow growth (3y) is weak against Information Technology peers (−0.7%).
Operating margin is weak against Information Technology peers (10.5%).
Gross profitability is weak against Information Technology peers (16.5%).

Latest SEC filings

Date	Form	Items
25 Sep 2026	8-K	5.05,9.01
24 Sep 2026	8-K	1.01,3.02,5.03,7.01,9.01
7 Aug 2026	10-Q
6 Aug 2026	8-K	2.02,9.01
22 May 2026	8-K	1.01,2.03,3.02,8.01,9.01
20 May 2026	8-K	8.01,9.01
18 May 2026	8-K	1.01,2.03,8.01,9.01
13 May 2026	8-K	5.02,5.03,5.07,9.01

How to read this report

Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.