Agilysys Inc key statistics and ratios

In fiscal 2026, Agilysys Inc had return on equity of 13.1%, an operating margin of 13.5%, debt equal to 0.0% of equity and a current ratio of 1.47. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Agilysys Inc: financial ratios, annual
Fiscal year	2010Mar 2010	2011Mar 2011	2012Mar 2012	2013Mar 2013	2014Mar 2014	2015Mar 2015	2016Mar 2016	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMSept 2026
Gross margin	38.2%	37.3%	60.5%	61.3%	63.2%	58.0%	56.6%	50.0%	50.6%	52.5%	50.4%	65.2%	62.4%	61.0%	60.7%	62.4%	62.6%	63.8%
Operating margin	−7.7%	−10.7%	−55.9%	−9.9%	−6.1%	−12.0%	−3.6%	−8.9%	−9.5%	−9.3%	−21.2%	−15.3%	3.9%	6.5%	6.6%	8.2%	13.5%	14.3%
Net margin	1.8%	−27.4%	−27.8%	−1.4%	16.9%	−11.1%	−3.1%	−9.2%	−6.6%	−9.3%	−21.2%	−15.3%	4.0%	7.4%	36.3%	8.4%	12.1%	12.9%
Free-cash-flow margin	46.9%	5.6%	−29.2%	−14.1%	−3.9%	−6.6%	1.1%	−0.6%	0.6%	2.8%	4.5%	19.7%	16.8%	13.7%	16.9%	19.0%	21.3%	23.3%
Return on equity	1.8%	−32.0%	−17.4%	−1.1%	13.9%	−8.9%	−3.0%	−9.9%	−7.5%	−12.6%	−39.5%	−27.7%	7.3%	14.1%	49.9%	9.2%	13.1%	13.0%
Return on assets	—	−17.8%	−8.8%	−0.6%	8.8%	−6.2%	−2.1%	−6.7%	−5.1%	−8.2%	−21.4%	−12.2%	3.2%	6.4%	29.0%	5.9%	8.5%	9.1%
Asset turnover	—	0.65	0.32	0.47	0.52	0.56	0.66	0.72	0.78	0.88	1.01	0.80	0.81	0.87	0.80	0.70	0.70	0.70
Current ratio	—	1.57	1.98	1.97	2.70	2.08	1.77	1.59	1.43	1.37	1.35	2.18	1.91	1.97	2.11	1.11	1.47	1.91
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	9.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	—	—	—	14.8x	87.3x	135.9x
Effective tax rate	—	—	—	—	—	—	—	—	—	—	—	—	0.5%	7.5%	—	9.4%	19.9%	19.9%
R&D as % of revenue	14.6%	13.6%	26.6%	25.4%	24.9%	24.5%	22.2%	22.8%	21.9%	26.9%	25.8%	40.3%	28.5%	25.4%	23.9%	22.6%	22.8%	22.5%
SG&A as % of revenue	—	—	—	—	—	—	—	—	60.1%	61.7%	71.5%	80.4%	58.5%	54.5%	54.1%	—	—	—
Capital spending as % of revenue	6.8%	1.7%	2.7%	2.7%	4.0%	4.5%	4.9%	3.3%	4.8%	2.4%	2.1%	1.0%	0.7%	3.7%	3.4%	1.0%	0.6%	0.5%
Free cash flow ÷ net income	>999%	—	—	—	−23.1%	—	—	—	—	—	—	—	421.1%	186.7%	46.5%	225.4%	175.7%	180.9%
Dividends ÷ net income	38.3%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Dividends and buybacks ÷ free cash flow	1.5%	0.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Agilysys Inc: financial ratios, quarterly
Quarter	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026	2027 Q2Sept 2026
Gross margin	63.0%	60.7%	61.7%	61.7%	62.5%	64.4%	63.5%	64.6%
Operating margin	10.7%	7.1%	5.9%	17.8%	14.6%	15.2%	11.1%	16.3%
Net margin	5.5%	5.3%	6.4%	14.8%	12.3%	14.8%	10.3%	14.1%
Free-cash-flow margin	28.4%	35.6%	−6.5%	18.9%	28.3%	42.7%	8.3%	15.9%
Current ratio	1.14	1.11	1.11	1.22	1.31	1.47	1.74	1.91
Debt to equity	14.8%	9.0%	4.2%	0.0%	0.0%	0.0%	—	—
R&D as % of revenue	21.5%	22.3%	22.8%	22.5%	23.5%	22.4%	23.1%	21.3%
SG&A as % of revenue	52.4%	—	—	—	—	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · September 30, 2026

What it owns · $495m

Short-term assets $207mLonger-term assets $288m

What it owes, and who funded it · $466m

Short-term liabilities $108mShareholders' equity $358m

Short-term assets cover short-term liabilities $207m of assets due within a year against $108m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $49m against $363,000 of interest.

From Agilysys Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

32 /100

Weak moat

How hard Agilysys's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Cash operating profit has been a median -3.6% of total assets over 7 years.
Pricing power 17 / 20

Gross margin has been a median 60.6%, moving by 5.1 percentage points (standard deviation) across 10 years.
Durability 10 / 20

Operating margin has been a median -1.5%; its worst year was -16.5%.
Cash conversion 14 / 20

Free cash flow was positive in 9 of 10 years, at a median 10.8% of revenue.
Discipline 6 / 20

The diluted share count rose 17.2% over five years; stock-based pay has been a median 6.2% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (47 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Agilysys Inc's SEC filings (10-K and 10-Q), retrieved October 27, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Agilysys Inc.