AKAMAI TECHNOLOGIES INC（AKAM）の決算・業績分析
AKAMAI TECHNOLOGIES INCの2025年有価証券報告書をAI分析。売上高$4.2B(+5.4%)。営業利益$567M。Industrials。
目次
AKAMAI TECHNOLOGIES INCの2025年度 業績サマリー
AKAMAI TECHNOLOGIES INC（証券コード: AKAM）の2025年度決算・業績分析。売上高は$4.2B（前年比+5.4%）。営業利益は$567M（前年比+6.3%）。純利益は$452M（前年比-10.5%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
AKAMAI TECHNOLOGIES INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 4.5% YoY to $3.6B (XBRL), but operating income fell 13.6% YoY to $676M (XBRL) and net income declined 19.6% YoY to $524M (XBRL).
- EBITDA margin remained strong at 35.1% (XBRL), with free cash flow of $1.0B (XBRL) driven by $1.3B operating cash flow (XBRL) and $241M CapEx (XBRL).
- Share repurchases totaled $608M (XBRL), reflecting a focus on shareholder returns despite declining profitability.
AKAMAI TECHNOLOGIES INCの売上高変化の要因
- •Revenue grew to $3.6B (XBRL), up 4.5% YoY, with a 5-year CAGR of 7.0% (XBRL). However, operating income declined 13.6% YoY to $676M (XBRL), and net income dropped 19.6% YoY to $524M (XBRL). The 5-year CAGR for operating income is 11.9% (XBRL), but FY2024 results reflect challenges in delivery solutions due to competition and customer DIY initiatives (10-K). Compute solutions face hurdles in attracting customers, while security solutions depend on fluctuating network traffic (10-K).
AKAMAI TECHNOLOGIES INCの営業利益変化の要因
- •Operating margin is 18.7% (XBRL), down from prior years, with net margin at 14.5% (XBRL), a 19.6% YoY decline. EBITDA margin remains robust at 35.1% (XBRL). ROE is 11.6% (XBRL), ROA is 5.3% (XBRL), and ROIC is 5.9% (XBRL), reflecting lower profitability despite strong cash generation.
AKAMAI TECHNOLOGIES INCの事業リスクと対応
Slowing revenue growth could harm profitability and stock price due to pricing pressure and reduced customer traffic (10-K).
Global macroeconomic conditions, including inflation and trade barriers, may disrupt operations and increase costs (10-K).
Competition and customer DIY initiatives (e.g., a large social media company reducing reliance on U.S. providers) are reducing revenue from delivery solutions (10-K).
Security solutions depend on network traffic, which has declined due to customer optimization efforts (10-K).
Compute solutions face challenges in attracting customers and competing with established players (10-K).
New risks include geopolitical pressures (e.g., potential tariffs) impacting trade relations and supply chains (10-K).
AKAMAI TECHNOLOGIES INCの今後の見通し・業績予想
AKAMAI TECHNOLOGIES INCの事業内容
Akamai Technologies Inc (AKAM) provides security, delivery, and compute solutions for global enterprises to build, secure, and accelerate digital experiences (10-K). Key offerings include web application and API protection (Security segment), network acceleration and traffic management (Delivery segment), and cloud infrastructure for AI applications (Compute segment). Competitive advantages include a globally distributed network with 4,300 edge points-of-presence and AI-driven security solutions, bolstered by strategic acquisitions like Noname Security (10-K).
AKAMAI TECHNOLOGIES INCのAI業績分析レポート（2024年度）
Annual Report Analysis: Akamai Technologies Inc (AKAM) FY2024
Key Highlights
Business Overview
Akamai Technologies Inc provides security, delivery, and compute solutions for global enterprises. Key segments include Security (e.g., Bot & Abuse portfolio, API Security), Delivery (network acceleration, traffic management), and Compute (cloud infrastructure for AI applications). Competitive advantages include a globally distributed network with 4,300 edge points-of-presence and AI-driven security solutions, enhanced by acquisitions like Noname Security (10-K).
Revenue Analysis
Revenue grew to $3.6B (XBRL), up 4.5% YoY, with a 5-year CAGR of 7.0% (XBRL). However, operating income declined 13.6% YoY to $676M (XBRL), and net income dropped 19.6% YoY to $524M (XBRL). The 5-year CAGR for operating income is 11.9% (XBRL), but FY2024 results reflect challenges in delivery solutions due to competition and customer DIY initiatives (10-K). Compute solutions face hurdles in attracting customers, while security solutions depend on fluctuating network traffic (10-K).
Profitability Analysis
Operating margin is 18.7% (XBRL), down from prior years, with net margin at 14.5% (XBRL), a 19.6% YoY decline. EBITDA margin remains robust at 35.1% (XBRL). ROE is 11.6% (XBRL), ROA is 5.3% (XBRL), and ROIC is 5.9% (XBRL), reflecting lower profitability despite strong cash generation.
Balance Sheet Analysis
Equity ratio is 45.8% (XBRL), with a debt-to-equity ratio of 1.17x (XBRL). Current ratio is 2.16x (XBRL), indicating strong liquidity. Total assets rose to $9.9B (XBRL) in FY2024, up from $8.3B in FY2023 (XBRL). Cash reserves are $542M (XBRL), but long-term debt details and interest rates are not disclosed (N/A).
Cash Flow Analysis
Operating cash flow was $1.3B (XBRL), with free cash flow of $1.0B (XBRL) after $241M CapEx (XBRL). Investing cash flow was -$622M (XBRL), likely reflecting capital investments. Financing cash flow was -$634M (XBRL), driven by $608M in share repurchases (XBRL).
Working Capital Analysis
Receivables days are 73 (XBRL), payables days are 39 (XBRL), and asset turnover is 0.37x (XBRL). No data on inventory days or cash conversion cycle (N/A).
Risks
Outlook
Historical revenue projections indicate a 5-year CAGR of 7.0% (XBRL), with FY2025 revenue expected at $3.8B (XBRL). Management may focus on AI-driven solutions and strategic acquisitions to counter competitive pressures (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 2.7B | 2.9B | 3.2B | 3.5B | 3.6B | 3.8B |
| Operating Income | 362M | 549M | 659M | 783M | 676M | 637M |
| Net Income | 298M | 478M | 557M | 652M | 524M | 548M |
| Total Assets | 7.0B | 7.8B | 8.1B | 8.3B | 9.9B | 10.4B |
| Total Equity | 3.4B | 3.2B | 3.7B | 4.3B | 4.5B | 4.4B |
| Operating Cash Flow | 1.0B | 1.1B | 1.2B | 1.4B | 1.3B | 1.3B |
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