ACNAccenture plc

Services-Business Services, NEC

Revenue: $74.2B; 6.5% YoY
Operating margin: 15.4%; 4.8% YoY
EBITDA: $12.0B; 10% YoY
Market cap: $164.5B
Employees: 814,000; $91K revenue each
Net debt / EBITDA: -1.0×; −$11.8B net debt
AI in 10-K: 17.7; mentions per 10K words

Takeover score 3 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
148% of net income
Cash flow under 80% of net income
Dilutive SBCNo
3% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
81% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
36% of assets
Over 40% of assets
Shareholder dissentNo
88% lowest support
Any vote under 80% support

Buyer economics 2 of 4

Low revenue per employeeYes
$91K · 4th pct
Bottom quartile of its SIC industry
Quiet on AINo
17.7 per 10K words · 98th pct
Bottom quartile of AI mentions in 10-Ks
Net cashYes
Net cash · 1.0× EBITDA
More cash than debt, positive EBITDA
Buyout-sizedNo
$164.5B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$11M net
Net sales over $10M in 12 months

Financials

Metric	FY2022	FY2023	FY2024	FY2025	FY2026	YoY	Trend
Revenue	$61.6B	$64.1B	$64.9B	$69.7B	$74.2B	6.5%
Operating income	$9.4B	$8.8B	$9.6B	$10.2B	$11.4B	12%
Net income	$6.9B	$6.9B	$7.3B	$7.7B	$8.4B	9.0%
Operating cash flow	$9.5B	$9.5B	$9.1B	$11.5B	$12.4B	7.7%
Capex	$718M	$528M	$517M	$600M	$743M	24%
Stock-based comp	$1.7B	$1.9B	$1.9B	$2.1B	$2.1B	0.3%
Buybacks	$4.1B	$4.3B	$4.5B	$4.6B	$7.5B	63%
Dividends	$2.5B	—	—	—	—

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $3M · 3
Open-market sells, 12 mo: $14M · 94
Net: −$11M

Pay vs performance

No pay-versus-performance disclosure yet.