Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $51.6B | $57.0B | $53.8B | $56.7B | $63.3B |
| YoY | — | +10.6% | -5.6% | +5.3% | +11.8% |
| Cost of goods sold | $19.3B | $21.2B | $19.0B | $19.9B | $22.5B |
| YoY | — | +10.0% | -10.7% | +4.7% | +13.1% |
| Gross profit | $32.2B | $35.8B | $34.8B | $36.8B | $40.9B |
| YoY | — | +10.9% | -2.6% | +5.6% | +11.1% |
| Research & development | $6.8B | $7.6B | $8.0B | $9.3B | $9.6B |
| YoY | — | +11.5% | +5.7% | +16.5% | +2.8% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $14.0B | $15.0B | $12.2B | $11.8B | $15.4B |
| YoY | — | +7.6% | -19.0% | -3.5% | +30.7% |
| Pretax income | $14.5B | $15.3B | $12.2B | $11.1B | $16.0B |
| YoY | — | +5.8% | -20.1% | -9.3% | +44.2% |
| Income tax | $2.7B | $2.7B | $1.9B | $920.0M | $2.7B |
| YoY | — | +1.5% | -29.2% | -51.9% | +198.0% |
| Net income | $11.8B | $12.6B | $10.3B | $10.2B | $13.3B |
| YoY | — | +6.8% | -18.2% | -1.4% | +30.3% |
| EPS — basic | $2.83 | $3.08 | $2.55 | $2.56 | $3.36 |
| YoY | — | +8.8% | -17.2% | +0.4% | +31.2% |
| EPS — diluted | $2.82 | $3.07 | $2.54 | $2.55 | $3.33 |
| YoY | — | +8.9% | -17.3% | +0.4% | +30.6% |
| Weighted shares — basic | 4.17B | 4.09B | 4.04B | 3.98B | 3.95B |
| Weighted shares — diluted | 4.19B | 4.11B | 4.06B | 4.00B | 3.99B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash & equivalents | $7.1B | $10.1B | $7.5B | $8.3B | $7.2B |
| YoY | — | +43.0% | -25.8% | +11.2% | -13.5% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $6.6B | $5.9B | $6.7B | $6.7B | $7.5B |
| YoY | — | -11.6% | +14.2% | +0.2% | +11.5% |
| Inventory | $2.6B | $3.6B | $3.4B | $3.2B | $5.7B |
| YoY | — | +41.9% | -7.4% | -6.2% | +80.0% |
| Total current assets | $36.7B | $43.3B | $36.9B | $35.0B | $38.7B |
| YoY | — | +18.1% | -15.0% | -5.1% | +10.5% |
| Total assets | $94.0B | $101.9B | $124.4B | $122.3B | $129.6B |
| YoY | — | +8.4% | +22.2% | -1.7% | +6.0% |
| Total current liabilities | $25.6B | $31.3B | $40.6B | $35.1B | $41.5B |
| YoY | — | +22.1% | +29.6% | -13.6% | +18.4% |
| Total liabilities | $54.2B | $57.5B | $79.0B | $75.4B | $79.4B |
| YoY | — | +6.0% | +37.3% | -4.4% | +5.2% |
| Total equity | $39.8B | $44.4B | $45.5B | $46.8B | $50.3B |
| YoY | — | +11.5% | +2.5% | +3.0% | +7.3% |
| Shares outstanding | 4.11B | 4.07B | 4.01B | 3.96B | 3.95B |
| YoY | — | -1.1% | -1.5% | -1.2% | -0.4% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating cash flow | $13.2B | $19.9B | $10.9B | $14.2B | $14.2B |
| YoY | — | +50.4% | -45.3% | +30.5% | -0.1% |
| Capital expenditures | $477.0M | $849.0M | $670.0M | $905.0M | $1.4B |
| YoY | — | +78.0% | -21.1% | +35.1% | +55.8% |
| Free cash flow | $12.7B | $19.0B | $10.2B | $13.3B | $12.8B |
| YoY | — | +49.3% | -46.4% | +30.1% | -3.9% |
| Dividends paid | $6.2B | $6.3B | $6.4B | $6.4B | $6.6B |
| YoY | — | +1.3% | +1.3% | +0.8% | +1.8% |
| Share repurchases | $7.7B | $4.3B | $5.8B | $6.0B | $6.1B |
| YoY | — | -44.2% | +34.8% | +3.7% | +1.8% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Gross margin | 62.5% | 62.7% | 64.7% | 64.9% | 64.5% |
| Operating margin | 27.1% | 26.4% | 22.6% | 20.8% | 24.3% |
| Net margin | 22.9% | 22.1% | 19.2% | 18.0% | 21.0% |
| Free cash flow margin | 24.7% | 33.4% | 19.0% | 23.5% | 20.2% |
| Effective tax rate | 18.4% | 17.7% | 15.6% | 8.3% | 17.1% |
| Current ratio | 1.43x | 1.38x | 0.91x | 1.00x | 0.93x |
| Total liabilities / equity | 1.36x | 1.30x | 1.74x | 1.61x | 1.58x |
Peer comparison — latest full year
Same sector (Information Technology), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| CSCO FY26 · this stock | $63.3B | +11.8% | 64.5% | 24.3% | 21.0% | 20.2% |
| AAPL FY25 | $416.2B | +6.4% | 46.9% | 32.0% | 26.9% | 23.7% |
| MSFT FY26 | $331.8B | +17.8% | 67.9% | 46.8% | 40.3% | 20.2% |
| NVDA FY26 | $215.9B | +65.5% | 71.1% | 60.4% | 55.6% | — |
| MU FY26 | $133.2B | +256.3% | 80.7% | 74.6% | 63.8% | 44.3% |
| IBM FY25 | $67.5B | +7.6% | 58.2% | — | 15.7% | 17.9% |
| ORCL FY26 | $67.4B | +17.3% | — | 30.6% | 25.4% | -35.2% |
| INTC FY25 | $52.9B | -0.5% | 34.8% | -4.2% | -0.5% | -9.4% |
| AVGO FY24 | $51.6B | +44.0% | 63.0% | 26.1% | — | 37.6% |
| QCOM FY25 | $44.3B | +13.7% | — | 27.9% | 12.5% | — |
| CRM FY26 | $41.5B | +9.6% | 77.7% | 20.1% | 18.0% | 34.7% |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.