A10 Networks vs Audiocodes
A10 Networks is the larger business, with $291m of revenue in fiscal 2025 against $246m for Audiocodes (1.2 times as much). A10 Networks grew faster (11.0% against 1.4%). A10 Networks kept more of each dollar of sales as profit: a net margin of 14.5% against 3.6%. Audiocodes carries less debt relative to equity (0.0% against 103.4%).
| Latest fiscal year | A10 NetworksATEN, 2025 | AudiocodesAUDC, 2025 |
|---|---|---|
| Revenue | $291m | $246m |
| Revenue growth | 11.0% | 1.4% |
| Net income | $42.1m | $9.0m |
| Operating margin | 16.2% | 5.7% |
| Net margin | 14.5% | 3.6% |
| Return on equity | 19.0% | 4.9% |
| Free cash flow | $64.8m | $22.9m |
| Cash | $71.1m | $45.3m |
| Total debt | $219m | $0 |
| Debt to equity | 103.4% | 0.0% |
| Dividend per share | $0.24 | — |
| Dividend yield | 1.0% | 3.8% |
| Share buybacks | $68.9m | $30.6m |
| Employees | — | — |
| Market value | $1.70bn | $288m |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 69 (Moderate) | 49 (Moderate) |
| Insider trades, 12 months | 0 buys, 6 sales | 0 buys, 16 sales |