Autodesk net worth is a reflection of its financial growth and market presence in 2024. At Ando Money, I aim to provide a comprehensive and insightful analysis of the company’s financial performance.
With a focus on revenue streams, cash flow, and global impact, we break down the elements that contribute to Autodesk’s market cap and overall financial health.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Autodesk, Inc. |
| Full Name | Autodesk, Inc. |
| Industry | Software |
| Traded as | NASDAQ: ADSK |
| ISIN | N/A |
| Founded | 1982 |
| Founders | John Walker, Dan Drake |
| Country/Territory | United States |
| Headquarters | San Francisco, CA |
| Chief Executive Officer | Andrew Anagnost |
| Number of Employees | 13,700 |
| Market Cap | $58.59 Billion |
| Total Assets | $9.91 Billion |
| Total Equity | $1.86 Billion |
| Revenue | $5.50 Billion (2024) |
| Net Income | $906 Million (2024) |
What is the Market Cap of Autodesk in 2024?
As of September 2024, Autodesk boasts a market cap of $58.59 billion. This makes Autodesk a significant player in the software industry and ranks it among the top publicly traded companies worldwide.
Comparatively, Autodesk’s value places it alongside other giants in its field, maintaining a strong presence against its competitors.
Here is a list of some related companies that Autodesk aligns with in terms of market influence:
- Adobe Inc.
- Dassault Systèmes
- PTC Inc.
- Bentley Systems
- Siemens Digital Industries Software
- Trimble Inc.
- Ansys
- Oracle Corporation
- SAP SE
- Microsoft Corporation
In the context of the wealthiest companies, Autodesk’s market cap signifies a robust financial standing within the global technology sector.
Financial Performance Overview
Autodesk closed its fiscal year 2024 with a total revenue of $5.50 billion, marking an increase of 10% from the previous fiscal year.
The GAAP operating margin stood at 21%, up by one percentage point from last year, and the non-GAAP operating margin held steady at 36%.
The company’s net income reached $906 million, and free cash flow totaled $1.28 billion.
These figures reflect Autodesk’s solid financial performance and ability to sustain growth through its core revenue streams and operations.
Key Revenue Streams and Growth Factors
Autodesk’s revenue is mainly derived from its subscription model, representing 98% of total revenue. The subscription revenue for fiscal 2024 was $5.12 billion, an increase of 10%.
The company’s design software family is a major contributor, with products like AutoCAD and industry collections (Architecture, Engineering & Construction; Product Design & Manufacturing; and Media & Entertainment).
Each product line saw significant growth, with the Architecture, Engineering, and Construction (AEC) family leading the pack.
Geographic Revenue Distribution and Performance
Revenue distribution across geographic areas was notable, with $2.44 billion generated from the Americas, representing a 17% growth.
The Europe, Middle East, and Africa (EMEA) region contributed $2.04 billion, and the Asia Pacific (APAC) generated $1.02 billion.
While the Americas showed the highest revenue increase, the steady performance across all regions underlines Autodesk’s global presence and influence.
Product Family Revenue Contributions
Autodesk’s product revenue is segmented into four key families: AEC, AutoCAD & AutoCAD LT, Manufacturing, and Media & Entertainment.
AEC accounted for $2.58 billion, demonstrating a 13% growth. AutoCAD and AutoCAD LT contributed $1.46 billion, followed by Manufacturing with $1.06 billion and Media & Entertainment at $295 million.
Each family played a pivotal role in driving the company’s total revenue and maintaining its market position.
Subscription Model and Its Financial Impact
The subscription model is a key financial driver for Autodesk. With subscription plan revenue hitting $5.12 billion, the company saw a 10% increase compared to the previous year.
This recurring revenue structure has allowed Autodesk to maintain steady growth, with the subscription count increasing by approximately 785,000 to reach 7.53 million total subscriptions at the end of fiscal 2024.
The company’s shift to a subscription-based model has proven to be effective in fostering sustained revenue and customer engagement.
Cash Flow and Profit Margins
In fiscal 2024, Autodesk reported cash flow from operating activities at $1.31 billion, down from $2.07 billion in the previous year.
Free cash flow also saw a decline, reaching $1.28 billion compared to $2.03 billion in fiscal 2023.
However, despite the decline, Autodesk maintained a solid operating margin, emphasizing efficient cash management and a healthy profit ratio.
Operating Expenses and Investment Strategies
Operating expenses for Autodesk in fiscal 2024 included $1.82 billion in marketing and sales, $1.37 billion in research and development, and $620 million in general and administrative costs.
The company’s focus on research and development signals its dedication to innovation and product improvement.
These expenses, combined with strategic investments and acquisitions, aim to drive future growth and maintain Autodesk’s competitive edge in the market.
Financial Outlook for Fiscal Year 2025
Looking forward to fiscal 2025, Autodesk has provided guidance suggesting a revenue range between $5.99 billion to $6.09 billion.
The GAAP operating margin is expected to remain stable between 20%-21%, while non-GAAP margins are projected at 35%-36%.
With anticipated billings between $5.81 billion – $5.96 billion, Autodesk is positioning itself for continued growth and financial stability.
FAQs about Autodesk
What was Autodesk’s total revenue for fiscal 2024?
Autodesk’s total revenue for fiscal 2024 was $5.50 billion, representing a 10% increase from the prior year.
How does Autodesk generate most of its revenue?
Autodesk generates the majority of its revenue through a subscription model, which accounted for 98% of its total revenue in fiscal 2024.
What are Autodesk’s main product families?
The main product families are Architecture, Engineering & Construction (AEC), AutoCAD & AutoCAD LT, Manufacturing (MFG), and Media & Entertainment (M&E).
What is the expected financial outlook for Autodesk in fiscal 2025?
For fiscal 2025, Autodesk expects revenue between $5.99 billion – $6.09 billion, a GAAP operating margin of 20%-21%, and non-GAAP margins of 35%-36%.
Who is the CEO of Autodesk?
The CEO of Autodesk is Andrew Anagnost.
Conclusion
Autodesk’s financial landscape continues to evolve with robust revenue streams and strategic growth. At Ando Money, I aim to provide you with insightful financial analyses.
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