CSCONasdaqComputer Communications EquipmentFiscal year ends July 31
CISCO SYSTEMS, INC.
Financials through Q4 FY2026, quarter ended Jul 25, 2026Last filing: 10-K on Sep 2, 2026
$106.50−0.89 (-0.83%)
Close on Oct 19, 2026
- Market cap
- $424.62B
- P/E (TTM)
- 32.0
- Dividend yield
- 1.56%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
64.5%+0.5 pts over 5 years
Operating margin
24.3%−1.5 pts over 5 years
Net margin
21.0%−0.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.8% | +3.6% | +4.9% | +2.5% | |
| Gross profit | +11.1% | +4.6% | +5.1% | +2.8% | |
| Operating income | +30.7% | +0.7% | +3.7% | +2.0% | |
| Net income | +30.3% | +1.7% | +4.6% | +2.1% | |
| EPS, diluted | +30.6% | +2.7% | +5.9% | +4.7% | |
| Free cash flow | -3.9% | -12.5% | -2.9% | +0.3% | |
| Dividend per share | +2.5% | +2.5% | +2.6% | +5.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 14.8% | 26.7% | 27.3% | |
| Return on assets | 7.6% | 11.0% | 10.5% | |
| Current ratio | 3.03 | 1.49 | 0.93 | |
| Debt to equity | 0.51 | 0.28 | 0.59 | |
| Net debt to EBITDA | 1.68× | 0.12× | 1.39× | |
| Interest coverage | 13.9× | 29.6× | 10.5× | |
| Inventory turnover | 12.6× | 12.6× | 5.1× | |
| Capex to revenue | 2.0% | 1.4% | 2.2% | |
| Diluted shares | 5.05B | 4.24B | 3.99B |
Where the cash went
Fiscal 2022 to 2026, five years combined
Cisco Systems generated $72.36B from operations and spent $66.09B on capital expenditure, dividends and share buybacks. 7% of that went back into the business.
Generated
$72.36B
Used
$66.09B
Capital expenditure$4.31B7%Dividends$31.90B48%Share buybacks$29.88B45%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin21.0%
×Asset turnover0.50×
×Equity multiplier2.59×
=Return on equity, FY202627.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 21.0% | 0.50× | 2.59× | 27.3% |
| FY2025 | 18.0% | 0.46× | 2.67× | 22.1% |
| FY2024 | 19.2% | 0.48× | 2.52× | 23.0% |
| FY2023 | 22.1% | 0.58× | 2.33× | 30.0% |
| FY2022 | 22.9% | 0.54× | 2.36× | 29.1% |
| FY2021 | 21.3% | 0.52× | 2.43× | 26.7% |
| FY2020 | 22.7% | 0.51× | 2.69× | 31.4% |
| FY2019 | 22.4% | 0.50× | 2.69× | 30.3% |
| FY2018 | 0.2% | 0.41× | 2.18× | 0.2% |
| FY2017 | 20.0% | 0.38× | 1.94× | 14.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$13.27B
- Cash generatingOperating cash flow above zero$14.18B
- Return on assets improvedROA up on the prior year8.2% → 10.8%
- Earnings backed by cashOperating cash flow above net income$14.18B vs $13.27B
- Less leverageLong-term debt to assets fell18.7% → 14.9%
- Better liquidityCurrent ratio rose1.00 → 0.93
- No dilutionShare count did not rise4.00B → 3.99B
- Gross margin improvedGross margin up on the prior year64.94% → 64.52%
- More efficientAsset turnover rose0.46 → 0.52