Charts / Clouded Judgement (Altimeter)
LTM FCF Margin
Bar chart illustrating the Last Twelve Months (LTM) Free Cash Flow (FCF) margins across major public software/SaaS companies and Anthropic, highlighting a median margin of 21% and a top quartile margin of 27%.
| Label | Value shown on the chart |
|---|---|
| Palantir | 55% |
| Veeva | 48% |
| Qualys | 45% |
| Adobe | 41% |
| Zoom | 39% |
| Dropbox | 38% |
| Autodesk | 36% |
| Palo Alto | 36% |
| Salesforce | 34% |
| Anthropic (L6M) | 21% |
| Anthropic (LTM) | 11% |
| CS Disco | -10% |
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View the original on cloudedjudgement.substack.com
