Amdocs Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Amdocs Limited (DOX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Amdocs Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 4,533M vs 393,873M combined for tracked competitors (1.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs decelerating (-18.0%) for its tracked peer group.
- Growth: Amdocs Limited generated 258.7% revenue growth year over year in Q4 2025, vs 12.9% for its tracked competitors combined.
- Profitability: Its 12.5% net margin compares with 19.1% for the peer group.
- Scale: Amdocs Limited ranks #25 of 165 companies by market capitalization in the Cloud Computing & Data Analytics industry, holding 1.0% of industry market cap.
- Peer revenue share: Amdocs Limited accounted for 5.3% of combined revenue among its tracked peer group, up from 1.7% a year earlier.
- Peer differentiation: Revenue per employee of $0.76M compares with $0.25M for the peer group (3.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
DOX Sales vs. its Competitors, Q4 2025
Amdocs Limited reported revenue growth of 258.65 % year on year in Q4 2025, above its competitors' combined revenue growth of 12.93 %.
With a net margin of 12.53 %, Amdocs Limited reported lower profitability than its competitors (19.11 %).
Amdocs Limited generated 5.32 % of the combined sales of its peer group, up from 1.74 % a year earlier.
Amdocs Limited vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Amdocs Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Amdocs Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (16) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Amdocs Limited's competitor groups requires a Commercial License.
For context: the Cloud Computing & Data Analytics industry grew revenue 1.3% year over year, combined, vs 258.7% for Amdocs Limited. Amdocs Limited's share of combined industry revenue moved from 0.91% to 3.24%, a gain of 2.32 percentage points.
Amdocs Limited's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Amdocs Limited | Yes | No | No | No |
| Competitors combined (43) | ||||
| High-Confidence Competitors (20) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 50.00 % (3 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
DOX Stock Performance relative to its Competitors
DOX Stock Performance relative to High-Confidence Competitors
DOX Stock Performance relative to Similar-Size Competitors
DOX Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Lumentum Holdings Inc | 282.9% | Outperformed |
| 2 | Maxlinear Inc | 282.9% | Outperformed |
| 3 | Ieh Corp | 282.9% | Outperformed |
| 4 | Fastly Inc | 282.9% | Outperformed |
| 5 | Rackspace Technology Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Amdocs Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Amdocs Limited's Comment on Competition and Industry Peers
Publicly Traded Peers of Amdocs Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Amdocs Limited | 6,420.85 | 4,532.91 |
| Broadcom Inc | 1,708,348.59 | 89,104.00 |
| Palantir Technologies Inc | 481,578.75 | 6,156.87 |
| Sap Se | 246,009.75 | 41,216.00 |
| International Business Machines Corporation | 210,356.66 | 69,096.00 |
| Salesforce Inc | 186,588.67 | 43,938.00 |
| SUBTOTAL | 3,353,290.57 | 404,222.29 |
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Sources: Amdocs Limited's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Amdocs Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Amdocs Limited's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Ciena Corp | Named by the company | 85% |
| Oracle | Named by the company | 85% |
| Tata Consultancy Services | Named by the company | 85% |
| Nixxy Inc | Named by the company | 85% |
| DXC Technology | Named by the company | 85% |
| Netcracker | Named by the company | 85% |
| SAP | Named by the company | 85% |
| Inseego Corp | Named by the company | 85% |
| Zuora Inc | Named by the company | 85% |
| Cap Gemini | Named by the company | 85% |
| Kyndryl | Named by the company | 85% |
| Pegasystems | Named by the company | 85% |
| Tech Mahindra | Named by the company | 85% |
| RCRT | Named by the company | 85% |
| Csg Systems International Inc | Named by the company | 85% |
| IBM Global Services | Named by the company | 85% |
| Optiva | Named by the company | 85% |
| ServiceNow | Named by the company | 85% |
| Mind Cti Ltd | Named by the company | 85% |
| CSG International | Named by the company | 85% |
| Cognizant | Named by the company | 85% |
| NEC | Named by the company | 85% |
| Salesforce | Named by the company | 85% |
| Wipro | Named by the company | 85% |
| Tucows Inc | Named by the company | 85% |
| Accenture | Named by the company | 85% |
| Infosys | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Amdocs Limited's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Amdocs Limited's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Broadcom Inc | Semiconductor Solutions 64.81 % |
| Palantir Technologies Inc | Government Operating 51.15 % |
| International Business Machines Corporation | Software 45.22 % |
| Corning Inc | Optical Communications 40.55 % |
| Accenture Plc | Americas 49.30 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Amdocs Limited's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Amdocs Limited | 6,421 | 755,486 | 94,628 |
| Broadcom Inc | 1,708,349 | 2,700,121 | 1,159,545 |
| Palantir Technologies Inc | 481,579 | 1,390,126 | 684,290 |
| Sap Se | 246,010 | 374,691 | 74,592 |
| International Business Machines Corporation | 210,357 | 226,322 | 35,129 |
| Salesforce Inc | 186,589 | 604,524 | 132,935 |
| PEERS TOTAL | 3,346,870 | 248,329 | 51,983 |
Amdocs Limited's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Amdocs Limited | North America Mainly United States 65.82 % |
| Broadcom Inc | Asia Pacific 60.15 % |
| International Business Machines Corporation | Americas 49.04 % |
| Salesforce Inc | Americas 64.97 % |
| Lumentum Holdings Inc | United States 20.83 % |
| Ciena Corp | Americas 78.36 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Amdocs Limited's Position in Industry Market Structure
Market-capitalization share and concentration across all 148 companies in Amdocs Limited's industry classification, broader than the peer set above. Market cap in millions of $.Amdocs Limited ranks #25 of 148 companies by market capitalization in its industry, holding 1.02 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 546, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Automatic Data Processing Inc | 105,523 | 16.92 % |
| 2 | Workday Inc | 45,532 | 7.30 % |
| 3 | Infosys Limited | 43,117 | 6.91 % |
| 4 | Zscaler Inc | 31,483 | 5.05 % |
| 5 | Reddit Inc | 1,234 | 5.2% |
| 6 | Cognizant Technology Solutions Corporation | 1,234 | 5.2% |
| 7 | Verisign Inc | 1,234 | 5.2% |
| 8 | Verisk Analytics Inc | 1,234 | 5.2% |
| 9 | Toast Inc | 1,234 | 5.2% |
| 10 | Wipro Limited | 1,234 | 5.2% |
| 25 | Amdocs Limited | 6,348 | 1.02 % |
Market cap and industry share for the rest of Amdocs Limited's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Amdocs Limited's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 20 | Compass Inc | 7,636 | 14.03 % |
| 21 | Applied Digital Corporation | 7,078 | 13.86 % |
| 22 | Bilibili Inc | 6,658 | -44.35 % |
| 23 | D wave Quantum Inc | 6,423 | -34.24 % |
| 24 | Ringcentral Inc | 1,234 | 12.3% |
| 25 | Amdocs Limited | 6,348 | -30.09 % |
| 26 | Science applications International corporation | 1,234 | 12.3% |
| 27 | Rigetti Computing Inc | 1,234 | 12.3% |
| 28 | Pegasystems Inc | 1,234 | 12.3% |
| 29 | Epam Systems Inc | 1,234 | 12.3% |
| 30 | Open Text Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Amdocs Limited's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Amdocs Limited's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Cloud Computing & Data Analytics industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (203 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 37.98 % | 51.85 % (avg) | -13.9 pp |
| Operating Margin | 16.14 % | industry median | +13.6 pp |
| EBITDA Margin | 15.31 % | 2.97 % (avg) | +12.3 pp |
| Capital Intensity (Capex / Revenue) | 2.29 % | 5.21 % (avg) | -2.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Amdocs Limited's Valuation vs Competitive Position
Valuation multiples vs the Cloud Computing & Data Analytics industry average (203 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 16.7x | 27.6x | -10.9x |
| EV / EBITDA | 14.1x | 16.4x | -2.3x |
| P/B | 2.7x | 4.0x | -1.3x |
| Return on Equity | 16.36 % | industry aggregate | 2.92 % |
| Return on Invested Capital | 8.71 % | 1.95 % (avg) | 6.76 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Amdocs Limited's Strategic Group Map
Every company in Amdocs Limited's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Amdocs Limited is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Amdocs Limited's BCG Growth-Share Matrix
Relative market share (vs Amdocs Limited's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Amdocs Limited falls in the Dog quadrant: relative market share of 0.06x vs its largest competitor, in an industry growing revenue 5.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Amdocs Limited's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 546 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.29 % vs industry average 5.21 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Amdocs Limited's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Amdocs Limited's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Amdocs Limited's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Amdocs Limited falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Amdocs Limited's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 13.6 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.06x).
Opportunities
- Trades at a lower P/E than the industry average (16.7x vs 27.6x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-18.0% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Amdocs Limited's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Amdocs Limited | 0.24 | 1.17 | 0.19 |
| Broadcom Inc | 0.99 | 2.05 | 0.75 |
| Palantir Technologies Inc | 1.40 | 6.94 | - |
| Sap Se | 0.47 | 1.16 | - |
| International Business Machines Corporation | 0.29 | 0.87 | 3.47 |
| Salesforce Inc | 0.30 | 0.83 | 0.53 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Amdocs Limited's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Amdocs Limited | Q3 2025 | -9.4 % | +14.4 % |
| Broadcom Inc | Q2 2026 | +85.5 % | +216.1 % |
| Palantir Technologies Inc | Q2 2026 | +93.0 % | +224.4 % |
| Sap Se | Q4 2025 | +7.7 % | +132.6 % |
| International Business Machines Corporation | Q2 2026 | +1.1 % | -1.3 % |
| Salesforce Inc | Q2 2026 | +10.8 % | +86.9 % |
| PEERS TOTAL | +17.2 % | +104.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Amdocs Limited's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Amdocs Limited | Q3 2025 | -13.5 % | -1.5 % |
| Broadcom Inc | Q2 2026 | +74.0 % | +274.6 % |
| Palantir Technologies Inc | Q2 2026 | +54.6 % | +90.6 % |
| Sap Se | Q4 2025 | +8.0 % | - |
| International Business Machines Corporation | Q2 2026 | +3.6 % | +9.0 % |
| Salesforce Inc | Q2 2026 | +18.2 % | +26.7 % |
Amdocs Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Amdocs Limited | 9.08% | 11.51% | 16.36% |
| Broadcom Inc | 21.57% | 24.07% | 43.74% |
| Palantir Technologies Inc | 31.17% | 34.61% | 37.17% |
| Sap Se | 10.41% | 13.84% | 16.25% |
| International Business Machines Corporation | 7.07% | 7.03% | 33.43% |
| Salesforce Inc | 9.12% | 12.41% | 20.15% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Amdocs Limited's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Amdocs Limited | 11.37 | 1.42 |
| Broadcom Inc | 44.53 | 19.17 |
| Palantir Technologies Inc | 160.24 | 78.22 |
| Sap Se | 34.35 | 5.97 |
| International Business Machines Corporation | 19.55 | 3.04 |
| Salesforce Inc | 20.79 | 4.25 |
| PEERS AVERAGE | 39.81 | 8.30 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.