Autodesk, Inc.
ADSK · Services-Prepackaged Software · 211.0M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $92M (gross $795M, SBC $703M)
Reference price $189.20 · est. market cap ~$39.9B — last insider purchase, 2026-06-23 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A84Elite design-software franchise with very high margins, strong free cash flow, and good growth; thin liquidity is structural.
Strengths
- Elite margins and FCF — gross margin 91.0% (99th), FCF margin 33.4% (91st), FCF $2.41B (94th)
- Strong returns and growth — ROE 36.9% (86th), revenue +17.5%
- Good coverage — interest coverage 19.73
Risks
- Thin liquidity — current ratio 0.85 (11th) — structural deferred-revenue model
- Moderate leverage — D/E 0.82 (74th)
- Competitive design-software market and macro/construction sensitivity — qualitative (per 10-K)
Notable findings
- High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
- Weak liquidityCurrent ratio 0.85 (<1)
- Customer concentration~37% of revenue from one customer/distributor — For fiscal 2026, approximately 37% of our revenue was derived from indirect channel sales through distributors and resellers
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Strong balance sheetStrong balance sheet — $3.0B cash & investments
- Insider buyingInsider buying — 5 open-market buy(s) by 4 insider(s) (cluster of 4 insiders, ~$2M, last 6mo) Form 4 ↗
- Notable holderHeld by 6 notable fund(s): STATE STREET CORP, FMR LLC, GOLDMAN SACHS GROUP INC +3 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
91.0%
Operating margin
21.9%
Net margin
15.6%
Return on equity
36.9%
Return on assets
9.0%
ROIC
22.5%
Revenue growth (QoQ)
-1.2%
Net-income growth
1.1%
Debt / equity
0.8×
Net debt / EBITDA
-0.3×
Interest coverage
19.7×
Current ratio
0.9×
Free cash flow
$2.4B
EBITDA
$1.8B
Tangible book value
-$1.7B
Cash & investments
$3.0B
Stock comp / revenue
10.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-23 | CAHILL JOHN T | Buy | 2.0K | $189.20 |
| 2026-06-22 | Krishnan Ram R. | Grant | 0 | — |
| 2026-06-22 | Krishnan Ram R. | Grant | 0 | — |
| 2026-06-17 | Howard Ayanna | Grant | 466 | — |
| 2026-06-17 | Howard Ayanna | Grant | 1.6K | — |
| 2026-06-17 | Abbosh Omar | Grant | 1.6K | — |
| 2026-06-17 | rahim rami | Grant | 466 | — |
| 2026-06-17 | rahim rami | Grant | 1.6K | — |
| 2026-06-17 | Irving Blake | Grant | 559 | — |
| 2026-06-17 | Irving Blake | Grant | 1.6K | — |
| 2026-06-17 | BLASING KAREN | Grant | 1.6K | — |
| 2026-06-17 | Epstein Jeff | Grant | 466 | — |
| 2026-06-17 | Epstein Jeff | Grant | 1.6K | — |
| 2026-06-17 | CAHILL JOHN T | Grant | 621 | — |
| 2026-06-17 | CAHILL JOHN T | Grant | 1.6K | — |
| 2026-06-17 | Smith Stacy J | Grant | 1.1K | — |
| 2026-06-17 | Smith Stacy J | Grant | 1.6K | — |
| 2026-06-17 | BLASING KAREN | Grant | 590 | — |
| 2026-06-17 | Simons Anna C | Grant | 466 | — |
| 2026-06-17 | Simons Anna C | Grant | 1.6K | — |
| 2026-06-16 | Anagnost Andrew | Buy | 2.5K | $202.66 |
| 2026-06-15 | Moorjani Janesh | Buy | 2.5K | $197.67 |
| 2026-05-29 | Smith Stacy J | Buy | 696 | $230.48 |
| 2026-05-29 | Smith Stacy J | Buy | 2.7K | $231.34 |
| 2026-04-10 | Keene Ruth Ann | Grant | 7.8K | — |
| 2026-04-10 | Pearce Rebecca | Grant | 7.5K | — |
| 2026-04-10 | Moorjani Janesh | Grant | 12K | — |
| 2026-04-10 | Anagnost Andrew | Grant | 53K | — |
| 2026-04-10 | Blum Steven M | Grant | 13K | — |
| 2026-03-24 | Pearce Rebecca | Tax withheld | 3.7K | $247.44 |
| 2026-03-24 | Pearce Rebecca | Grant | 7.8K | — |
| 2026-03-24 | Pearce Rebecca | Tax withheld | 3.6K | $247.44 |
| 2026-03-24 | Keene Ruth Ann | Tax withheld | 3.2K | $247.44 |
| 2026-03-24 | Keene Ruth Ann | Grant | 7.8K | — |
| 2026-03-24 | Keene Ruth Ann | Tax withheld | 3.9K | $247.44 |
| 2026-03-24 | Moorjani Janesh | Grant | 19K | — |
| 2026-03-24 | Moorjani Janesh | Tax withheld | 8.8K | $247.44 |
| 2026-03-24 | Blum Steven M | Tax withheld | 5.2K | $247.44 |
| 2026-03-24 | Blum Steven M | Grant | 15K | — |
| 2026-03-24 | Blum Steven M | Tax withheld | 6.1K | $247.44 |
| 2026-03-24 | Anagnost Andrew | Tax withheld | 21K | $247.44 |
| 2026-03-24 | Anagnost Andrew | Grant | 43K | — |
| 2026-03-24 | Anagnost Andrew | Tax withheld | 21K | $247.44 |
| 2025-12-16 | Moorjani Janesh | Tax withheld | 7.8K | $294.31 |
| 2025-12-02 | Anagnost Andrew | Gift | 26K | — |
| 2025-09-29 | Howard Ayanna | Sell | 917 | $325.00 |
| 2025-09-05 | Blum Steven M | Sell | 5.3K | $322.51 |
| 2025-09-05 | Blum Steven M | Sell | 5.3K | $323.44 |
| 2025-09-05 | Blum Steven M | Sell | 11K | $324.41 |
| 2025-09-05 | Blum Steven M | Sell | 520 | $325.03 |
| 2025-09-03 | Keene Ruth Ann | Sell | 2.8K | $315.10 |
| 2025-08-29 | Pearce Rebecca | Sell | 3.8K | $325.00 |
| 2025-08-29 | Pearce Rebecca | Sell | 2.4K | $320.00 |
| 2025-08-29 | Howard Ayanna | Sell | 3.2K | $325.00 |
| 2025-07-03 | Pearce Rebecca | Sell | 3.3K | $315.00 |
| 2025-06-30 | Pearce Rebecca | Sell | 3.1K | $310.00 |
| 2025-06-24 | Pearce Rebecca | Sell | 2.5K | $305.00 |
| 2025-06-18 | RAFAEL BETSY | Tax withheld | 292 | $296.85 |
| 2025-06-18 | CAHILL JOHN T | Grant | 406 | — |
| 2025-06-18 | CAHILL JOHN T | Grant | 846 | — |
| 2025-06-18 | rahim rami | Grant | 304 | — |
| 2025-06-18 | rahim rami | Grant | 846 | — |
| 2025-06-18 | FRENCH R REID JR | Grant | 386 | — |
| 2025-06-18 | FRENCH R REID JR | Grant | 846 | — |
| 2025-06-18 | Howard Ayanna | Grant | 304 | — |
| 2025-06-18 | Howard Ayanna | Grant | 846 | — |
| 2025-06-18 | BLASING KAREN | Grant | 304 | — |
| 2025-06-18 | BLASING KAREN | Grant | 846 | — |
| 2025-06-18 | Irving Blake | Grant | 345 | — |
| 2025-06-18 | Irving Blake | Grant | 846 | — |
| 2025-06-18 | Krishnan Ram R. | Grant | 304 | — |
| 2025-06-18 | Krishnan Ram R. | Grant | 846 | — |
| 2025-06-18 | Epstein Jeff | Grant | 846 | — |
| 2025-06-18 | Smith Stacy J | Grant | 609 | — |
| 2025-06-18 | Smith Stacy J | Grant | 846 | — |
| 2025-06-18 | MILLIGAN STEPHEN D | Grant | 304 | — |
| 2025-06-18 | MILLIGAN STEPHEN D | Grant | 846 | — |
| 2025-06-18 | Simons Anna C | Grant | 846 | — |
| 2025-06-17 | Pearce Rebecca | Sell | 486 | $300.00 |
| 2025-04-10 | Anagnost Andrew | Grant | 41K | — |
| 2025-04-10 | Blum Steven M | Grant | 13K | — |
| 2025-04-10 | Keene Ruth Ann | Grant | 6.8K | — |
| 2025-04-10 | Hope Stephen W. | Grant | 2.3K | — |
| 2025-04-10 | Pearce Rebecca | Grant | 6.5K | — |
| 2025-04-01 | Hope Stephen W. | Sell | 57 | $261.18 |
| 2025-03-28 | Hope Stephen W. | Sell | 2.5K | $267.29 |
| 2025-03-27 | Hope Stephen W. | Grant | 1.9K | — |
| 2025-03-27 | Hope Stephen W. | Tax withheld | 689 | $271.21 |
| 2025-03-27 | Pearce Rebecca | Tax withheld | 3.1K | $271.21 |
| 2025-03-27 | Pearce Rebecca | Grant | 10K | — |
| 2025-03-27 | Pearce Rebecca | Tax withheld | 4.7K | $271.21 |
| 2025-03-27 | Keene Ruth Ann | Tax withheld | 2.9K | $271.21 |
| 2025-03-27 | Keene Ruth Ann | Grant | 10K | — |
| 2025-03-27 | Blum Steven M | Tax withheld | 4.7K | $271.21 |
| 2025-03-27 | Blum Steven M | Grant | 20K | — |
| 2025-03-27 | Blum Steven M | Tax withheld | 7.8K | $271.21 |
| 2025-03-27 | Anagnost Andrew | Tax withheld | 17K | $271.21 |
| 2025-03-27 | Anagnost Andrew | Grant | 56K | — |
| 2025-03-27 | Anagnost Andrew | Tax withheld | 28K | $271.21 |
| 2025-03-27 | Keene Ruth Ann | Tax withheld | 5.0K | $271.21 |
| 2025-03-27 | Hope Stephen W. | Tax withheld | 671 | $271.21 |
| 2025-03-26 | Blum Steven M | Gift | 4.0K | — |
| 2025-03-21 | CAHILL JOHN T | Buy | 2.0K | $267.10 |
| 2025-02-01 | Blum Steven M | Tax withheld | 575 | $311.34 |
| 2025-01-04 | Pearce Rebecca | Tax withheld | 763 | $294.06 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- TD Synnex Corporation 14% of rev
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | 5.03Shareholder voteExhibits | filing ↗ |
| 2026-06-15 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-05-28 | ResultsReg FDExhibits | filing ↗ |
| 2026-05-28 | Material agreementReg FDExhibits | filing ↗ |
| 2026-04-24 | Exec/director changeExhibits | filing ↗ |
| 2026-02-26 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-22 | 2.05Reg FDExhibits | filing ↗ |
| 2025-11-25 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-17 | 0000769397-26-000050 ↗ |
| 8-K | 2026-06-15 | 2026-06-15 | 0001213900-26-068533 ↗ |
| 10-Q | 2026-05-29 | 2026-04-30 | 0000769397-26-000044 ↗ |
| 8-K | 2026-05-28 | 2026-05-28 | 0000769397-26-000041 ↗ |
| 8-K | 2026-05-28 | 2026-05-28 | 0001213900-26-062125 ↗ |
| 8-K | 2026-04-24 | 2026-04-20 | 0000769397-26-000024 ↗ |
| 10-K | 2026-03-03 | 2026-01-31 | 0000769397-26-000015 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0000769397-26-000010 ↗ |
| 8-K | 2026-01-22 | 2026-01-22 | 0000769397-26-000006 ↗ |
| 10-Q | 2025-11-26 | 2025-10-31 | 0000769397-25-000129 ↗ |
| 8-K | 2025-11-25 | 2025-11-25 | 0000769397-25-000126 ↗ |
| 10-Q | 2025-09-02 | 2025-07-31 | 0000769397-25-000117 ↗ |