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AUDC Financials AUDIOCODES LTD

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 2.2% per year over the past 5 years.
  • Net income has grown slower than revenue (-20.0% vs 2.2% per year).
  • Operating margin has contracted, at 5.7% in the latest year.
  • Free cash flow has declined 9.1% per year over the past 5 years.

Shareholder returns

  • Dividends have been paid for 8 consecutive years, consuming 122.1% of earnings and 47.8% of free cash flow.
  • The dividend has grown 5.3% per year over the past 5 years.
Revenue & net income
-$4M $135M $275M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-5% 32% 69% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-4% 6% 16% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$3M $22M $46M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $40M $79M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$139M -$31M $77M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $246M $9M 65.0% 5.7% 5.2% 2.8% $23M — $45M
2024 $242M $15M 65.3% 7.1% 8.0% 4.6% $11M — $59M
2023 $244M $9M 64.8% 5.9% 4.7% 2.6% $9M — $31M
2022 $275M $28M 65.0% 11.4% 15.0% 8.8% $7M — $25M
2021 $249M $34M 68.7% 15.9% 16.4% 9.7% $46M — $79M
2020 $221M $27M 67.9% 17.4% 13.0% 7.6% $37M — $41M
2019 $200M $4M 47.4% -4.8% 4.3% 1.6% $21M — $65M
2018 $176M $13M 62.8% 9.3% 14.3% 7.5% $24M — $32M
2017 $157M $4M 62.4% 6.2% 4.4% 2.4% $16M — $24M
2016 $146M $16M 60.7% 5.3% 14.9% 8.7% $17M — $24M
2015 $140M $366000 59.2% 1.9% 0.3% 0.2% $16M — $19M
2014 $152M -$86000 58.7% 2.3% -0.1% -0.0% — — $15M
2013 $137M $4M 57.3% 2.0% 4.0% 2.4% $13M — $31M
2012 $127M -$4M 57.4% -2.9% -4.2% -2.5% $990000 — $15M
2011 $156M $7M 58.8% 4.7% 6.8% 3.7% -$3M — $28M

Valuation over time

How the market has priced AUDC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 21.0 42.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.8 1.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 2.8 5.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is AUDC growing its revenue and profit?

Over the past 5 years, AUDIOCODES LTD's revenue has grown 2.2% per year, and net income declined 20.0% per year. These are computed facts, not advice.

How much debt does AUDC have?

As of FY2025, AUDIOCODES LTD reported — of total debt against $45M of cash.

What is AUDC's profit margin?

In FY2025, gross margin was 65.0%, operating margin 5.7%, and net margin 3.6%.

What is AUDC's P/E ratio?

AUDIOCODES LTD's P/E (TTM) is 24.47 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AUDC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 24.5× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.