Accenture plc (ACN)
Accenture provides IT consulting, systems integration, and outsourcing services to large enterprises and governments across the globe.
ACN vs AMAT: how the two businesses compare
- Bigger business: ACN, with $69.7B of yearly revenue, about 2.5× AMAT's $28.4B.
- More profitable: AMAT keeps 25 cents of each sales dollar as profit, against 11 cents at ACN.
- More cash from each sale: AMAT turns 28 cents of each sales dollar into operating cash flow, against 16 cents at ACN.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Accenture (ACN) is the larger business by reported revenue: $69.7B in its fiscal year ended Aug 2025, about 2.5× AMAT's $28.4B (fiscal year ended Oct 2025). ACN's net margin was 11.0% and AMAT's 24.7%. The SEC classifies them differently (Services-Business Services, NEC; Semiconductors & Related Devices); what connects them is shared exposure to the Artificial intelligence research theme, not a common industry.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Information Technology
- Different
- Separate classifications
- Different
- ACN August 31 · AMAT October 26
- Oct 16, 2026
ACN vs AMAT: quick comparison
| Company fact | ACN | AMAT |
|---|---|---|
| Company | Accenture plc | Applied Materials, Inc. |
| Exchange | NYSE | NASDAQ |
| Headquarters | — | Santa Clara, California |
| Founded | — | 1967 |
| SEC industry | Services-Business Services, NEC | Semiconductors & Related Devices |
| Fiscal year-end | August 31 | October 26 |
| Latest annual filing | 10-K · 2026-10-16 | 10-K · 2025-12-12 |
ACN vs AMAT: audited financials
- Scale: ACN's $69.7B of revenue is about 2.5× AMAT's $28.4B.
- Net margin: AMAT kept 24.7% of revenue as net income versus 11.0% at ACN.
- Cash conversion: operating cash flow equalled ACN 16.5% of revenue, or 1.49× net income; AMAT 28.1% of revenue, or 1.14× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end about 2 months apart (2025-08-31 for ACN, 2025-10-26 for AMAT), so each figure reflects somewhat different demand and cost conditions.
| Metric | ACN | AMAT |
|---|---|---|
| Revenue | $69.7B2024-09-01 to 2025-08-31 · SEC filing | $28.4B2024-10-28 to 2025-10-26 · SEC filing |
| Net income | $7.7B2024-09-01 to 2025-08-31 · SEC filing | $7.0B2024-10-28 to 2025-10-26 · SEC filing |
| Operating cash flow | $11.5B2024-09-01 to 2025-08-31 · SEC filing | $8.0B2024-10-28 to 2025-10-26 · SEC filing |
| Diluted EPS | $12.152024-09-01 to 2025-08-31 · SEC filing | $8.662024-10-28 to 2025-10-26 · SEC filing |
| Net margin | 11.0%2024-09-01 to 2025-08-31 · SEC filing | 24.7%2024-10-28 to 2025-10-26 · SEC filing |
ACN: FY ending 2025-08-31 · AMAT: FY ending 2025-10-26. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where ACN and AMAT overlap, and where they don't
Overlap
- Shared research theme: Artificial intelligence.
Differences
- Different SEC industries: ACN files as Services-Business Services, NEC; AMAT as Semiconductors & Related Devices.
- Offset fiscal calendars: ACN's year ends August 31 and AMAT's October 26, about 2 months apart.
- Only ACN maps to International markets.
- Only AMAT maps to Tariffs & trade.
- Scale: ACN reported about 2.5× the annual revenue of AMAT.
- Profitability: net margin of 11.0% for ACN versus 24.7% for AMAT.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Applied Materials, Inc. (AMAT)
Applied Materials makes the manufacturing equipment that chipmakers use to fabricate semiconductors. As the largest supplier in its field, its orders serve as a leading indicator of industry capital spending.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves ACN
We have not yet published a company-specific driver list for ACN. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-10-16.
What moves AMAT
We have not yet published a company-specific driver list for AMAT. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2025-12-12.
The investment question
You now know ACN reports about 2.5× AMAT's revenue, and AMAT keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to artificial intelligence, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. ACN's fiscal year ends August 31, while AMAT's ends October 26. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 49 matched transaction rows for ACN and 30 matched transaction rows for AMAT. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
ACN primary filings
AMAT primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
ACN vs AMAT FAQs
Are ACN and AMAT direct competitors?
Not necessarily. Accenture files as Services-Business Services, NEC and Applied Materials as Semiconductors & Related Devices. The pair is compared because both map to the Artificial intelligence research theme, not because the filings show head-to-head competition.
Is ACN or AMAT the bigger company by revenue?
Accenture (ACN) is the larger business by reported revenue: $69.7B in its fiscal year ended Aug 2025, about 2.5× AMAT's $28.4B (fiscal year ended Oct 2025). ACN's net margin was 11.0% and AMAT's 24.7%. The SEC classifies them differently (Services-Business Services, NEC; Semiconductors & Related Devices); what connects them is shared exposure to the Artificial intelligence research theme, not a common industry. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, ACN or AMAT?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this ACN vs AMAT comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Accenture plc and Applied Materials, Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
ACN vs AMAT compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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