Autodesk, Inc. — 7.35/10
| CEO | Andrew Anagnost (since 2017) | CFO | Janesh Moorjani (since Dec 2024) |
| FY2026 Revenue | $7,206M (+17.5% YoY) | FY2026 FCF | $2,409M |
| AEC Share | ~21-27% (#1 in BIM/design) | Recurring Revenue | ~97% |
| FYE | January 31 | Quality Gate | PASS (0 NOs) |
| Dimension | Score | Weight | Weighted | Detail |
|---|---|---|---|---|
| Financial Trends | 9 | 25% | 2.25 | View |
| Thematic Exposure | 7 | 35% | 2.45 | View |
| Management Quality | 7 | 20% | 1.40 | View |
| Investor Sentiment | 4 | 5% | 0.20 | View |
| Concerns & Risks | 7 | 15% | 1.05 | View |
| Composite | 100% | 7.35 |
Autodesk is the entrenched #1 in design software -- AEC (~21-27% share), broad CAD (#1, ~29-45%), with deep format lock-in (DWG/RVT), ~110% NRR, and pricing power. Revenue is re-accelerating (11% to 18%), non-GAAP margins expanding (+600bps over 5yr to 39%), and FCF large and growing (+54% FY26, +58% Q1 FY27). Share count declining via $1.4B annual buybacks. 100% guidance hit rate in FY2026 (beat-and-raise). The MaintainX acquisition (~$3.6B) opens a ~$40B operations TAM.
The 7.35 composite reflects: the dominant franchise scores well on financials (9/10) and clears all quality gates, but is held back by (1) a consensus Strong Buy with targets ~60% above current -- the bull case is already the street's base case (Sentiment 4/10), (2) a recent CFO change (Management 7/10 vs potential 8), and (3) Manufacturing being a non-leading #3 segment (Thematic 7/10).
Quality gate: PASS (0 NOs). Oligopoly = YES; positiveGrowingFcf = YES; managementTrackRecord = YES.