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Cisco Systems, Inc. (CSCO) 10-Year Financial Performance & Capital Metrics

CSCO • • Industrial / General
TechnologyCommunication EquipmentEnterprise Networking & Unified CommunicationsEnterprise Network Equipment
AboutCisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; and wireless products include indoor and outdoor wireless coverage designed for seamless roaming use of voice, video, and data applications. In addition, it provides security, which comprising network security, identity and access management, secure access service edge, and threat intelligence, detection, and response offerings; collaboration products, such as Webex Suite, collaboration devices, contact center, and communication platform as a service; end-to-end collaboration solutions that can be delivered from the cloud, on-premise or within hybrid cloud environments allowing customers to transition their collaboration solutions from on-premise to the cloud; and observability offers network assurance, monitoring and analytics and observability suite. Further, the company offers a range of service and support options for its customers, including technical support and advanced services and advisory services. It serves businesses of various sizes, public institutions, governments, and service providers. The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. has strategic alliances with other companies. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.Show more
  • Revenue $56.65B +5.3%
  • EBITDA $14.62B -0.4%
  • Net Income $10.18B -1.4%
  • EPS (Diluted) 2.55 +0.4%
  • Gross Margin 64.94% +0.3%
  • EBITDA Margin 25.81% -5.5%
  • Operating Margin 20.76% -8.3%
  • Net Margin 17.97% -6.3%
  • ROE 22.06% -4.0%
  • ROIC 13% -20.8%
  • Debt/Equity 0.63 -10.8%
  • Interest Coverage 7.38 -39.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 25.0%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 23.5% free cash flow margin
  • ✓15 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 2.1%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.43%
5Y2.82%
3Y3.19%
TTM8.91%

Profit (Net Income) CAGR

10Y1.26%
5Y-1.92%
3Y-4.84%
TTM9.96%

EPS CAGR

10Y3.84%
5Y-0.69%
3Y-3.3%
TTM14.16%

ROCE

10Y Avg16.77%
5Y Avg17.88%
3Y Avg17.06%
Latest13.75%

Peer Comparison

Enterprise Network Equipment
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NTGRNETGEAR, Inc.644.17M22.6854-9.05%-3.73%-5.15%24.19%0.06
CSCOCisco Systems, Inc.297.32B75.2529.515.3%17.9%22.04%4.47%0.63
SILCSilicom Ltd.88.97M15.68-6.88-53.18%-25.41%-12.24%19.51%0.05
EXTRExtreme Networks, Inc.2.15B16.09-285.282.05%0.81%13.88%5.92%3.41
HPEHewlett Packard Enterprise Company29.29B21.95-492.1513.84%0.17%0.23%2.14%0.90

Profit & Loss

Jul 2016Jul 2017Jul 2018Jul 2019Jul 2020Jul 2021Jul 2022Jul 2023Jul 2024Jul 2025
Sales/Revenue+49.25B48.01B49.33B51.9B49.3B49.82B51.56B57B53.8B56.65B
Revenue Growth %0%-0.03%0.03%0.05%-0.05%0.01%0.03%0.11%-0.06%0.05%
Cost of Goods Sold+18.29B17.78B18.72B19.24B17.62B17.92B19.31B21.25B18.98B19.86B
COGS % of Revenue0.37%0.37%0.38%0.37%0.36%0.36%0.37%0.37%0.35%0.35%
Gross Profit+30.96B30.22B30.61B32.67B31.68B31.89B32.25B35.75B34.83B36.79B
Gross Margin %0.63%0.63%0.62%0.63%0.64%0.64%0.63%0.63%0.65%0.65%
Gross Profit Growth %0.04%-0.02%0.01%0.07%-0.03%0.01%0.01%0.11%-0.03%0.06%
Operating Expenses+18.3B18.25B18.3B18.45B18.06B19.06B18.28B20.72B22.65B25.03B
OpEx % of Revenue0.37%0.38%0.37%0.36%0.37%0.38%0.35%0.36%0.42%0.44%
Selling, General & Admin11.43B11.18B11.39B11.4B11.09B11.41B11.19B12.36B13.18B13.95B
SG&A % of Revenue0.23%0.23%0.23%0.22%0.23%0.23%0.22%0.22%0.24%0.25%
Research & Development6.3B6.06B6.33B6.58B6.35B6.55B6.77B7.55B7.98B9.3B
R&D % of Revenue0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.15%0.16%
Other Operating Expenses571M1.01B579M472M622M1.1B319M813M1.49B1.78B
Operating Income+12.66B11.97B12.31B14.22B13.62B12.83B13.97B15.03B12.18B11.76B
Operating Margin %0.26%0.25%0.25%0.27%0.28%0.26%0.27%0.26%0.23%0.21%
Operating Income Growth %0.18%-0.05%0.03%0.16%-0.04%-0.06%0.09%0.08%-0.19%-0.03%
EBITDA+14.74B14.21B14.5B16.12B15.43B14.7B15.93B16.76B14.69B14.62B
EBITDA Margin %0.3%0.3%0.29%0.31%0.31%0.29%0.31%0.29%0.27%0.26%
EBITDA Growth %0.12%-0.04%0.02%0.11%-0.04%-0.05%0.08%0.05%-0.12%-0%
D&A (Non-Cash Add-back)2.08B2.24B2.19B1.9B1.81B1.86B1.96B1.73B2.51B2.86B
EBIT13.6B13.14B13.98B15.43B14.55B13.7B14.84B15.74B13.24B12.52B
Net Interest Income+329M477M565M449M335M184M116M535M359M-592M
Interest Income1B1.34B1.51B1.31B920M618M476M962M1.36B1B
Interest Expense676M861M943M859M585M434M360M427M1.01B1.59B
Other Income/Expense260M314M730M352M350M429M508M287M53M-660M
Pretax Income+12.92B12.29B13.04B14.57B13.97B13.26B14.48B15.32B12.23B11.1B
Pretax Margin %0.26%0.26%0.26%0.28%0.28%0.27%0.28%0.27%0.23%0.2%
Income Tax+2.18B2.68B12.93B2.95B2.76B2.67B2.67B2.71B1.91B920M
Effective Tax Rate %0.83%0.78%0.01%0.8%0.8%0.8%0.82%0.82%0.84%0.92%
Net Income+10.74B9.61B110M11.62B11.21B10.59B11.81B12.61B10.32B10.18B
Net Margin %0.22%0.2%0%0.22%0.23%0.21%0.23%0.22%0.19%0.18%
Net Income Growth %0.2%-0.11%-0.99%104.65%-0.04%-0.06%0.12%0.07%-0.18%-0.01%
Net Income (Continuing)10.74B9.61B110M11.62B11.21B10.59B11.81B12.61B10.32B10.18B
Discontinued Operations0000000000
Minority Interest-1M000000000
EPS (Diluted)+2.111.900.022.612.642.502.823.072.542.55
EPS Growth %0.21%-0.1%-0.99%115%0.01%-0.05%0.13%0.09%-0.17%0%
EPS (Basic)2.131.920.022.632.652.512.833.082.552.56
Diluted Shares Outstanding5.09B5.05B4.88B4.45B4.25B4.24B4.19B4.11B4.06B4B
Basic Shares Outstanding5.05B5.01B4.84B4.42B4.24B4.22B4.17B4.09B4.04B3.98B
Dividend Payout Ratio0.44%0.57%54.25%0.51%0.54%0.58%0.53%0.5%0.62%0.63%

Balance Sheet

Jul 2016Jul 2017Jul 2018Jul 2019Jul 2020Jul 2021Jul 2022Jul 2023Jul 2024Jul 2025
Total Current Assets+78.72B83.7B61.84B47.76B43.57B39.11B36.72B43.35B36.86B34.99B
Cash & Short-Term Investments65.76B70.49B46.55B33.41B29.42B24.52B19.27B26.15B19.37B17.24B
Cash Only7.63B11.71B8.93B11.75B11.81B9.18B7.08B10.12B9.02B9.47B
Short-Term Investments58.13B58.78B37.61B21.66B17.61B15.34B12.19B16.02B10.35B7.76B
Accounts Receivable10.12B10B10.5B10.59B10.52B10.15B10.53B9.21B10.02B11.46B
Days Sales Outstanding7576.0577.7174.4477.9174.3474.5358.956873.85
Inventory1.22B1.62B1.85B1.38B1.28B1.56B2.57B3.64B3.37B3.16B
Days Inventory Outstanding24.2933.1735.9926.2426.5631.7548.5462.6164.8858.14
Other Current Assets1.63B1.59B2.94B2.37B2.35B2.89B4.36B4.35B4.1B3.12B
Total Non-Current Assets+42.93B46.12B46.95B50.04B51.28B58.38B57.28B58.5B87.55B87.31B
Property, Plant & Equipment3.51B3.32B3.01B2.79B2.45B2.34B2B2.08B2.09B3.41B
Fixed Asset Turnover14.05x14.45x16.41x18.61x20.10x21.31x25.82x27.34x25.74x16.59x
Goodwill26.63B29.77B31.71B33.53B33.81B38.17B38.3B38.53B58.66B59.14B
Intangible Assets2.5B2.54B2.55B2.2B1.58B3.62B2.57B1.82B11.22B9.18B
Long-Term Investments0000000006.88B
Other Non-Current Assets6B6.25B6.46B7.45B9.46B9.9B9.97B9.49B9.32B1.35B
Total Assets+121.65B129.82B108.78B97.79B94.85B97.5B94B101.85B124.41B122.29B
Asset Turnover0.40x0.37x0.45x0.53x0.52x0.51x0.55x0.56x0.43x0.46x
Asset Growth %0.07%0.07%-0.16%-0.1%-0.03%0.03%-0.04%0.08%0.22%-0.02%
Total Current Liabilities+24.91B27.58B27.04B31.71B25.33B26.26B25.64B31.31B40.58B35.06B
Accounts Payable1.06B1.39B1.9B2.06B2.22B2.36B2.28B2.31B2.3B2.53B
Days Payables Outstanding21.0828.4337.1239.0745.9548.143.1239.7444.3246.45
Short-Term Debt4.16B7.99B5.24B10.19B3B2.51B1.42B1.73B11.71B5.61B
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities9.02B7.29B7.4B7.64B7.86B8.44B4.88B9.12B5.28B5.04B
Current Ratio3.16x3.03x2.29x1.51x1.72x1.49x1.43x1.38x0.91x1.00x
Quick Ratio3.11x2.98x2.22x1.46x1.67x1.43x1.33x1.27x0.83x0.91x
Cash Conversion Cycle78.2180.7976.5861.6258.5257.9879.9581.8288.5685.53
Total Non-Current Liabilities+33.16B36.1B38.55B32.51B31.6B29.96B28.59B26.19B38.37B40.38B
Long-Term Debt24.48B25.73B20.33B14.47B11.58B9.02B8.42B6.66B19.62B22.86B
Capital Lease Obligations000000724M0906M1.18B
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities2.36B2.7B10.02B10.24B10.98B10.93B8.97B7.89B5.62B3.98B
Total Liabilities58.07B63.68B65.58B64.22B56.93B56.22B54.23B57.5B78.96B75.45B
Total Debt+28.64B33.72B25.57B24.67B14.58B11.53B10.56B8.39B32.23B29.64B
Net Debt21.01B22.01B16.64B12.92B2.77B2.35B3.48B-1.73B23.21B20.17B
Debt / Equity0.45x0.51x0.59x0.73x0.38x0.28x0.27x0.19x0.71x0.63x
Debt / EBITDA1.94x2.37x1.76x1.53x0.95x0.78x0.66x0.50x2.19x2.03x
Net Debt / EBITDA1.43x1.55x1.15x0.80x0.18x0.16x0.22x-0.10x1.58x1.38x
Interest Coverage18.73x13.91x13.05x16.55x23.28x29.57x38.80x35.20x12.11x7.38x
Total Equity+63.59B66.14B43.2B33.57B37.92B41.27B39.77B44.35B45.46B46.84B
Equity Growth %0.06%0.04%-0.35%-0.22%0.13%0.09%-0.04%0.12%0.02%0.03%
Book Value per Share12.5013.108.857.548.919.749.4910.8011.1911.72
Total Shareholders' Equity63.59B66.14B43.2B33.57B37.92B41.27B39.77B44.35B45.46B46.84B
Common Stock44.52B45.25B42.82B40.27B41.2B42.35B42.71B44.29B45.8B47.75B
Retained Earnings19.4B20.84B1.23B-5.9B-2.76B-654M-1.32B1.64B1.09B50M
Treasury Stock0000000000
Accumulated OCI-326M46M-849M-792M-519M-417M-1.62B-1.57B-1.43B-954M
Minority Interest-1M000000000

Cash Flow

Jul 2016Jul 2017Jul 2018Jul 2019Jul 2020Jul 2021Jul 2022Jul 2023Jul 2024Jul 2025
Cash from Operations+13.57B13.88B13.67B15.83B15.43B15.45B13.23B19.89B10.88B14.19B
Operating CF Margin %0.28%0.29%0.28%0.31%0.31%0.31%0.26%0.35%0.2%0.25%
Operating CF Growth %0.08%0.02%-0.02%0.16%-0.03%0%-0.14%0.5%-0.45%0.3%
Net Income10.74B9.61B110M11.62B11.21B10.59B11.81B12.61B10.32B10.45B
Depreciation & Amortization2.15B2.29B2.19B1.9B1.81B1.86B1.96B1.73B2.51B2.81B
Stock-Based Compensation1.46B1.53B1.58B1.57B1.57B1.76B1.89B2.35B3.07B0
Deferred Taxes-194M-124M900M-350M-38M-384M-309M-2.08B-972M-1.05B
Other Non-Cash Items-455M-7M-456M16M-45M-360M-398M237M249M3.63B
Working Capital Changes-128M586M9.34B1.08B918M1.98B-1.72B5.04B-4.3B-1.65B
Change in Receivables-404M756M-269M-84M-107M1.47B-1.01B1.84B-213M192M
Change in Inventory315M-394M-244M131M84M-244M-1.03B-1.07B275M278M
Change in Payables-65M311M504M87M141M-53M-55M27M-90M257M
Cash from Investing+-8.12B-5.99B15.32B14.84B3.5B-5.29B1.55B-5.11B-20.48B1.73B
Capital Expenditures-1.15B-964M-834M-909M-770M-692M-477M-849M-670M-905M
CapEx % of Revenue0.02%0.02%0.02%0.02%0.02%0.01%0.01%0.01%0.01%0.02%
Acquisitions----------
Investments----------
Other Investing-150M46M46M10M169M-28M76M-23M-5M9M
Cash from Financing+-4.7B-3.81B-31.76B-27.89B-18.86B-12.1B-15.96B-11.63B6.84B-15.81B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-4.75B-5.51B-5.97B-5.98B-6.02B-6.16B-6.22B-6.3B-6.38B-6.44B
Share Repurchases----------
Other Financing1.41B683M-169M113M81M-59M-122M-32M-37M-80M
Net Change in Cash----------
Free Cash Flow+12.42B12.91B12.83B14.92B14.66B14.76B12.75B19.04B10.21B13.29B
FCF Margin %0.25%0.27%0.26%0.29%0.3%0.3%0.25%0.33%0.19%0.23%
FCF Growth %0.1%0.04%-0.01%0.16%-0.02%0.01%-0.14%0.49%-0.46%0.3%
FCF per Share2.442.562.633.353.453.483.044.642.513.32
FCF Conversion (FCF/Net Income)1.26x1.44x124.24x1.36x1.38x1.46x1.12x1.58x1.05x1.39x
Interest Paid859M897M911M892M603M438M355M376M583M1.5B
Taxes Paid2.67B2.74B3.91B2.99B3.12B3.6B3.66B3.57B7.43B3.89B

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)17.42%14.81%0.2%30.27%31.37%26.75%29.15%29.99%22.98%22.06%
Return on Invested Capital (ROIC)11.67%10.4%12.48%20.06%23.43%22.83%24.12%26.25%16.42%13%
Gross Margin62.87%62.96%62.04%62.94%64.26%64.02%62.55%62.73%64.73%64.94%
Net Margin21.81%20.02%0.22%22.39%22.75%21.26%22.91%22.13%19.18%17.97%
Debt / Equity0.45x0.51x0.59x0.73x0.38x0.28x0.27x0.19x0.71x0.63x
Interest Coverage18.73x13.91x13.05x16.55x23.28x29.57x38.80x35.20x12.11x7.38x
FCF Conversion1.26x1.44x124.24x1.36x1.38x1.46x1.12x1.58x1.05x1.39x
Revenue Growth0.17%-2.52%2.76%5.22%-5.01%1.05%3.49%10.55%-5.61%5.3%

Revenue by Segment

2016201720182019202020212022202320242025
Networking--------29.23B28.3B
Networking Growth----------3.16%
Service11.99B----13.8B13.54B13.86B14.55B21.96B
Service Growth-------1.92%2.34%5.01%50.93%
Security-2.15B2.35B2.73B3.15B3.38B--5.08B8.09B
Security Growth--9.29%16.02%15.53%7.23%---59.49%
Collaboration-4.28B----4.47B4.05B4.11B4.15B
Collaboration Growth--------9.39%1.51%1.00%
Observability--------837M1.05B
Observability Growth---------26.05%
Secure, Agile Networks------23.83B29.11B--
Secure, Agile Networks Growth-------22.13%--
Internet for the Future------5.28B5.31B--
Internet for the Future Growth-------0.57%--
End-to-End Security------3.7B3.86B--
End-to-End Security Growth-------4.33%--
Optimized Application Experiences------729M811M--
Optimized Application Experiences Growth-------11.25%--
Other Products-----19M11M9M--
Other Products Growth-------42.11%-18.18%--
Infrastructure Platforms--28.27B30.19B27.12B27.11B----
Infrastructure Platforms Growth---6.80%-10.17%-0.05%----
Applications--5.04B5.8B5.57B5.5B----
Applications Growth---15.25%-4.05%-1.15%----
Services-12.3B12.62B12.9B13.32B-----
Services Growth--2.61%2.20%3.29%-----
Other-554M1.05B281M135M-----
Other Growth--89.53%-73.24%-51.96%-----
Switching-13.95B--------
Switching Growth----------
Next-Generation Network Routing-7.83B--------
Next-Generation Network Routing Growth----------
Data Center-3.23B--------
Data Center Growth----------
Wireless-2.77B--------
Wireless Growth----------
Service Provider Video-946M--------
Service Provider Video Growth----------
Product37.62B---------
Product Growth----------

Revenue by Geography

2016201720182019202020212022202320242025
UNITED STATES29.41B28.35B25.5B30.93B29.29B29.16B29.81B33.45B31.97B33.66B
UNITED STATES Growth--3.60%-10.06%21.28%-5.29%-0.44%2.24%12.19%-4.41%5.27%
Europe Middle East And Africa12.28B12B-13.1B12.66B12.95B13.71B15.13B14.12B14.82B
Europe Middle East And Africa Growth--2.26%---3.37%2.31%5.90%10.35%-6.73%5.01%
Asia Pacific Japan And China7.55B7.65B-7.88B7.35B7.71B8.03B8.42B7.72B8.17B
Asia Pacific Japan And China Growth-1.26%---6.66%4.82%4.17%4.86%-8.33%5.94%

Frequently Asked Questions

Valuation & Price

Cisco Systems, Inc. (CSCO) has a price-to-earnings (P/E) ratio of 29.5x. This suggests investors expect higher future growth.

Growth & Financials

Cisco Systems, Inc. (CSCO) reported $57.70B in revenue for fiscal year 2025. This represents a 25% increase from $46.06B in 2012.

Cisco Systems, Inc. (CSCO) grew revenue by 5.3% over the past year. This is steady growth.

Yes, Cisco Systems, Inc. (CSCO) is profitable, generating $10.33B in net income for fiscal year 2025 (18.0% net margin).

Dividend & Returns

Yes, Cisco Systems, Inc. (CSCO) pays a dividend with a yield of 2.14%. This makes it attractive for income-focused investors.

Cisco Systems, Inc. (CSCO) has a return on equity (ROE) of 22.1%. This is excellent, indicating efficient use of shareholder capital.

Cisco Systems, Inc. (CSCO) generated $12.73B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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