Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Cash Flow Statement
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
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Profitability Ratios (Summary)
Autodesk Inc., profitability ratios
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
- Gross Profit Margin
- The gross profit margin demonstrated a generally stable and strong performance over the analyzed period. It started at 88.87% in early 2019 and showed a gradual increase, peaking at 91.11% in early 2021. Subsequently, it maintained a relatively consistent level around 90.4% to 90.7% through early 2024, indicating effective control over cost of goods sold relative to sales revenue.
- Operating Profit Margin
- The operating profit margin exhibited a significant improvement from a negative margin of -0.97% in early 2019 to consistently positive values thereafter. It increased substantially to 10.48% in early 2020, continued rising to 16.6% in 2021, and despite a slight decline to 14.08% in early 2022, it rebounded strongly to 19.76% in early 2023 and further to 20.52% by early 2024. This trend reflects improved operational efficiency and profitability.
- Net Profit Margin
- The net profit margin followed a pattern of growth, starting from a negative margin of -3.14% at the beginning of 2019. It became positive and increased to 6.55% in early 2020, surged sharply to 31.88% in 2021, before declining to 11.33% in 2022. The margin then recovered to levels above 16% in 2023 and early 2024. These fluctuations suggest variability in non-operating items or exceptional gains affecting net profitability.
- Return on Equity (ROE)
- Return on equity was not available for the first two periods but showed exceptionally high values thereafter, peaking at 125.14% in early 2021. This declined to 58.53% in 2022 and further fluctuated to 71.88% in early 2023 and 48.84% in early 2024. While these returns are strong, the high volatility may suggest significant changes in leverage, net income, or equity base over these years.
- Return on Assets (ROA)
- Return on assets transitioned from a negative value at -1.71% in early 2019 to positive territory at 3.47% in 2020. It reached a peak of 16.6% in 2021 but then declined to 5.77% in 2022. In the last two periods, the figure improved moderately to 8.72% in early 2023 and slightly increased to 9.14% in early 2024, indicating an overall gain in asset utilization efficiency despite some volatility.
Return on Sales
Return on Investment
Gross Profit Margin
Autodesk Inc., gross profit margin calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Gross profit | |||||||
| Net revenue | |||||||
| Profitability Ratio | |||||||
| Gross profit margin1 | |||||||
| Benchmarks | |||||||
| Gross Profit Margin, Competitors2 | |||||||
| Accenture PLC | |||||||
| Adobe Inc. | |||||||
| Cadence Design Systems Inc. | |||||||
| CrowdStrike Holdings Inc. | |||||||
| Fair Isaac Corp. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| Palantir Technologies Inc. | |||||||
| Palo Alto Networks Inc. | |||||||
| Salesforce Inc. | |||||||
| ServiceNow Inc. | |||||||
| Synopsys Inc. | |||||||
| Workday Inc. | |||||||
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 2024 Calculation
Gross profit margin = 100 × Gross profit ÷ Net revenue
= 100 × ÷ =
2 Click competitor name to see calculations.
- Net Revenue
- Net revenue demonstrated consistent growth over the analyzed period, increasing from $2,570 million in January 2019 to $5,497 million in January 2024. This steady upward trend indicates a strong expansion of sales or service activities over these years.
- Gross Profit
- Gross profit followed a similar ascending trajectory, rising from $2,284 million in January 2019 to $4,986 million in January 2024. The increase in gross profit corresponds closely with the increase in net revenue, suggesting effective cost management or favorable pricing strategies contributing to profitability.
- Gross Profit Margin
- The gross profit margin has remained relatively stable and high throughout the period, fluctuating slightly but consistently above 88%, with a minor increase observed from 88.87% in January 2019 to 90.7% in January 2024. This stability reflects the company's ability to maintain efficient production or service delivery costs relative to sales revenue.
- Overall Analysis
- The data reveals strong financial performance characterized by continuous revenue growth and stable profitability margins. The company's ability to sustain and slightly improve its gross profit margin while expanding its net revenue significantly indicates operational efficiency and possibly a competitive market position. No noticeable volatility or decline in these key financial metrics is observed during the given timeline.
Operating Profit Margin
Autodesk Inc., operating profit margin calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Income (loss) from operations | |||||||
| Net revenue | |||||||
| Profitability Ratio | |||||||
| Operating profit margin1 | |||||||
| Benchmarks | |||||||
| Operating Profit Margin, Competitors2 | |||||||
| Accenture PLC | |||||||
| Adobe Inc. | |||||||
| Cadence Design Systems Inc. | |||||||
| CrowdStrike Holdings Inc. | |||||||
| Fair Isaac Corp. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| Palantir Technologies Inc. | |||||||
| Palo Alto Networks Inc. | |||||||
| Salesforce Inc. | |||||||
| ServiceNow Inc. | |||||||
| Synopsys Inc. | |||||||
| Workday Inc. | |||||||
| Operating Profit Margin, Sector | |||||||
| Software & Services | |||||||
| Operating Profit Margin, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 2024 Calculation
Operating profit margin = 100 × Income (loss) from operations ÷ Net revenue
= 100 × ÷ =
2 Click competitor name to see calculations.
- Income (loss) from operations
- The income from operations showed a significant positive trend over the analyzed period. Starting with a loss of 25 million USD in 2019, the figure improved to 343 million USD in 2020, followed by continuous growth reaching 629 million USD in 2021, 618 million USD in 2022, 989 million USD in 2023, and finally 1,128 million USD in 2024. This progression indicates an overall enhancement in operational profitability despite a slight dip in 2022 compared to 2021.
- Net revenue
- Net revenue demonstrated steady and substantial growth year over year. Beginning at 2,570 million USD in 2019, it increased to 3,274 million USD in 2020 and continued to rise through subsequent years, reaching 5,497 million USD by 2024. This indicates a strong upward momentum in top-line performance.
- Operating profit margin
- The operating profit margin improved markedly throughout the period. From a negative margin of -0.97% in 2019, it increased to 10.48% in 2020 and further to 16.6% in 2021. There was a slight decrease to 14.08% in 2022, but the margin recovered strongly to 19.76% in 2023 and reached 20.52% in 2024. This reflects enhanced efficiency and profitability relative to revenue.
- Overall Analysis
- The financial data reveals consistent growth in both revenue and operational income. The transition from operating losses to substantial positive income highlights improved cost management and operational efficiencies. The steady increase in operating profit margin underscores the company's ability to generate higher profit from its revenues over time. Despite a minor setback in operating income and margin in 2022, the general trend remains strongly positive, suggesting a robust operational performance and expanding profitability.
Net Profit Margin
Autodesk Inc., net profit margin calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income (loss) | |||||||
| Net revenue | |||||||
| Profitability Ratio | |||||||
| Net profit margin1 | |||||||
| Benchmarks | |||||||
| Net Profit Margin, Competitors2 | |||||||
| Accenture PLC | |||||||
| Adobe Inc. | |||||||
| Cadence Design Systems Inc. | |||||||
| CrowdStrike Holdings Inc. | |||||||
| Fair Isaac Corp. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| Palantir Technologies Inc. | |||||||
| Palo Alto Networks Inc. | |||||||
| Salesforce Inc. | |||||||
| ServiceNow Inc. | |||||||
| Synopsys Inc. | |||||||
| Workday Inc. | |||||||
| Net Profit Margin, Sector | |||||||
| Software & Services | |||||||
| Net Profit Margin, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 2024 Calculation
Net profit margin = 100 × Net income (loss) ÷ Net revenue
= 100 × ÷ =
2 Click competitor name to see calculations.
- Net Income (Loss)
- The net income exhibits a significant overall improvement from a loss of $81 million in 2019 to a profit of $906 million by 2024. This turnaround began in 2020 with a positive figure of $215 million, followed by a sharp increase to $1,208 million in 2021. A decline to $497 million occurred in 2022, but the net income recovered in subsequent years, reaching $823 million in 2023 and further increasing to $906 million in 2024. The pattern suggests volatility with a strong recovery after the peak in 2021.
- Net Revenue
- Net revenue displays a consistent upward trajectory throughout the period under review. Starting at $2,570 million in 2019, revenue steadily increased each year, reaching $5,497 million in 2024. This growth reflects a compound increase of over 113% across six years, indicating robust top-line expansion. The steady growth rate suggests successful scaling or demand enhancement over time.
- Net Profit Margin
- The net profit margin begins with a negative margin of -3.14% in 2019, turning positive to 6.55% in 2020. It then spikes to a high of 31.88% in 2021, coinciding with the peak in net income, before dropping sharply to 11.33% in 2022. Margins improved again to 16.44% in 2023 and remained relatively stable at 16.48% in 2024. This indicates a period of exceptional profitability in 2021 followed by stabilization at a moderate level in subsequent years.
- Overall Financial Trend
- The financial data indicates a strong recovery and growth in profitability and revenue after an initial loss in 2019. While net revenue growth is stable and incremental, net income and profit margins show more volatility, with a notable spike in 2021 followed by a correction and then a stable upward trend. These patterns suggest effective management of costs and operations leading to improved profitability, despite fluctuations in net income after the 2021 peak.
Return on Equity (ROE)
Autodesk Inc., ROE calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income (loss) | |||||||
| Stockholders’ equity (deficit) | |||||||
| Profitability Ratio | |||||||
| ROE1 | |||||||
| Benchmarks | |||||||
| ROE, Competitors2 | |||||||
| Accenture PLC | |||||||
| Adobe Inc. | |||||||
| Cadence Design Systems Inc. | |||||||
| CrowdStrike Holdings Inc. | |||||||
| Fair Isaac Corp. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| Palantir Technologies Inc. | |||||||
| Palo Alto Networks Inc. | |||||||
| Salesforce Inc. | |||||||
| ServiceNow Inc. | |||||||
| Synopsys Inc. | |||||||
| Workday Inc. | |||||||
| ROE, Sector | |||||||
| Software & Services | |||||||
| ROE, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 2024 Calculation
ROE = 100 × Net income (loss) ÷ Stockholders’ equity (deficit)
= 100 × ÷ =
2 Click competitor name to see calculations.
- Net Income (Loss)
- There is a clear upward trend in net income over the periods analyzed. The company moved from a net loss of $81 million in early 2019 to positive net income in 2020, at $215 million. This growth continued robustly, peaking at $1,208 million in 2021. Although the net income declined in 2022 to $497 million, it showed recovery in the subsequent years, reaching $823 million in 2023 and $906 million in 2024. This indicates a company with improving profitability but some fluctuations after the peak year.
- Stockholders’ Equity (Deficit)
- The stockholders’ equity improved significantly from a deficit position. Initially, the company reported negative equity of $211 million in 2019 and $139 million in 2020. It transitioned to positive equity starting in 2021 with $966 million, followed by a slight decline to $849 million in 2022. The equity then increased considerably in the last two reported periods, reaching $1,145 million in 2023 and $1,855 million in 2024. This trend reflects strengthening financial stability and capital structure.
- Return on Equity (ROE)
- Return on Equity shows very high values beginning in 2021, with an ROE of 125.14%, a notably elevated figure possibly influenced by the sudden rise in net income or specific accounting factors. The ROE decreased to 58.53% in 2022, then rose again to 71.88% in 2023 before declining slightly to 48.84% in 2024. Despite the fluctuations, the company maintains a strong return on equity, indicating effective use of shareholders' capital to generate profits.
Return on Assets (ROA)
Autodesk Inc., ROA calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income (loss) | |||||||
| Total assets | |||||||
| Profitability Ratio | |||||||
| ROA1 | |||||||
| Benchmarks | |||||||
| ROA, Competitors2 | |||||||
| Accenture PLC | |||||||
| Adobe Inc. | |||||||
| Cadence Design Systems Inc. | |||||||
| CrowdStrike Holdings Inc. | |||||||
| Fair Isaac Corp. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| Palantir Technologies Inc. | |||||||
| Palo Alto Networks Inc. | |||||||
| Salesforce Inc. | |||||||
| ServiceNow Inc. | |||||||
| Synopsys Inc. | |||||||
| Workday Inc. | |||||||
| ROA, Sector | |||||||
| Software & Services | |||||||
| ROA, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 2024 Calculation
ROA = 100 × Net income (loss) ÷ Total assets
= 100 × ÷ =
2 Click competitor name to see calculations.
- Net Income (Loss)
- The net income exhibited significant fluctuations across the periods. Initially, a loss of 81 million USD was recorded in early 2019. By 2020, a positive turnaround occurred with net income rising to 215 million USD. This upward trend accelerated sharply in 2021, reaching a peak of 1208 million USD. After this peak, net income decreased to 497 million USD in 2022 but recovered in the following years to 823 million USD in 2023 and 906 million USD in 2024. Overall, net income showed strong growth with a notable peak in 2021 followed by stabilization at a high level compared to previous years.
- Total Assets
- The total assets steadily increased throughout the period under review. Starting from 4729 million USD in early 2019, there was consistent growth each year, reaching 6179 million USD in 2020, 7280 million USD in 2021, and continuing upwards to 8607 million USD in 2022. This upward trend persisted into 2023 and 2024, with total assets reaching 9438 and 9912 million USD, respectively. This consistent growth in assets indicates ongoing expansion and investment over time.
- Return on Assets (ROA)
- The return on assets demonstrated a notable upward trend with some variability. Initially, ROA was negative at -1.71% in 2019, aligning with the net loss recorded that year. A positive return emerged in 2020 with a rise to 3.47%. In 2021, ROA peaked at 16.6%, reflecting high profitability relative to assets during that period. Following the peak, there was a decline in 2022 to 5.77%, but ROA recovered to 8.72% in 2023 and further to 9.14% in 2024. This trajectory suggests improved efficiency in asset utilization and profitability over the medium term, despite some post-peak corrections.