Gross margin
64.5% Fiscal year 2026
Rank 72 of 100: higher than 72% of 153 peers (All). strong.
Rank 62 of 100: higher than 62% of 57 peers (Sector). medium.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
Cisco makes networking equipment such as routers, switches and Wi-Fi devices for businesses and network operators. It also offers security software, the Webex video conferencing solution and, since acquiring Splunk, software for analyzing system data. As of Oct 13, 2026
Cisco develops and sells hardware, software and digital infrastructure with artificial intelligence for the internet. Its products are divided into Networking, Security, Collaboration and Observability. In addition, there is technical support with software maintenance and hardware replacement as well as planning, design, implementation and consulting. Customers include companies of all sizes, public institutions, governments and service providers including large cloud operators. A large share is sold indirectly through system integrators, network operators, resellers and distributors, and the rest directly. It is managed by the regions Americas, EMEA and APJC; its headquarters are in San Jose, and the company was incorporated in 1984.
Automatically summarized from SEC annual report (10-K, filed Sep 2, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: yellowMargin: greenDebt: green
Cisco · Sector Technology · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Sep 2, 2026.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Jul 25, 2026
64.5% Fiscal year 2026
Rank 72 of 100: higher than 72% of 153 peers (All). strong.
Rank 62 of 100: higher than 62% of 57 peers (Sector). medium.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
24.3% Fiscal year 2026
Rank 66 of 100: higher than 66% of 192 peers (All). medium.
Rank 59 of 100: higher than 59% of 60 peers (Sector). medium.
Median Technology: 14.2%
Operating income divided by revenue: what the core business earns before interest and taxes.
21.0% Fiscal year 2026
Rank 69 of 100: higher than 69% of 237 peers (All). strong.
Rank 66 of 100: higher than 66% of 63 peers (Sector). medium.
Median Technology: 12.5%
Profit after all costs, interest and taxes divided by revenue.
26.4% Fiscal year 2026
Rank 68 of 100: higher than 68% of 218 peers (All). strong.
Rank 65 of 100: higher than 65% of 61 peers (Sector). medium.
Median Technology: 13.5%
Net income divided by equity at fiscal year end.
10.2% Fiscal year 2026 (total assets at year end)
Rank 70 of 100: higher than 70% of 238 peers (All). strong.
Rank 60 of 100: higher than 60% of 63 peers (Sector). medium.
Median Technology: 5.9%
Net income divided by total assets at fiscal year end.
38.8% Fiscal year 2026
Rank 56 of 100: higher than 56% of 239 peers (All). medium.
Rank 34 of 100: higher than 34% of 63 peers (Sector). medium.
Median Technology: 51.6%
Equity as a share of total assets. Usually low for banks.
20.2% Fiscal year 2026
Rank 70 of 100: higher than 70% of 213 peers (All). strong.
Rank 56 of 100: higher than 56% of 62 peers (Sector). medium.
Median Technology: 19.0%
Free cash flow divided by revenue.
12.8B USD Fiscal year 2026
Operating cash flow minus capital expenditure on property and equipment.
+3.6% per year
Rank 29 of 100: higher than 29% of 230 peers (All). weak.
Rank 25 of 100: higher than 25% of 59 peers (Sector). weak.
Median Technology: +14.3%
Average growth per year over 3 fiscal years.
+4.9% per year
Rank 19 of 100: higher than 19% of 217 peers (All). weak.
Rank 18 of 100: higher than 18% of 54 peers (Sector). weak.
Median Technology: +14.5%
Average growth per year over 5 fiscal years.
+2.5% per year
Rank 21 of 100: higher than 21% of 157 peers (All). weak.
Rank 15 of 100: higher than 15% of 37 peers (Sector). weak.
Median Technology: +12.4%
Average growth per year over 10 fiscal years.
+2.7% per year
Rank 28 of 100: higher than 28% of 157 peers (All). weak.
Rank 20 of 100: higher than 20% of 32 peers (Sector). weak.
Median Technology: +19.2%
Growth of earnings per share per year, adjusted for stock splits.
+5.9% per year
Rank 23 of 100: higher than 23% of 146 peers (All). weak.
Rank 13 of 100: higher than 13% of 34 peers (Sector). weak.
Median Technology: +17.0%
Growth of earnings per share per year, adjusted for stock splits.
+4.7% per year
Rank 27 of 100: higher than 27% of 140 peers (All). weak.
Rank 13 of 100: higher than 13% of 27 peers (Sector). weak.
Median Technology: +17.5%
Growth of earnings per share per year, adjusted for stock splits.
50% Fiscal year 2026
Dividend per share divided by earnings per share.
+2.6% per year
Rank 11 of 100: higher than 11% of 118 peers (All). weak.
Rank 17 of 100: higher than 17% of 21 peers (Sector). weak.
Median Technology: +11.2%
Growth of the dividend per share per year.
1.9x Fiscal year 2026
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
7 of 9 Fiscal year 2026
Rank 72 of 100: higher than 72% of 134 peers (All). strong.
Rank 70 of 100: higher than 70% of 44 peers (Sector). strong.
Median Technology: 6.0 of 9
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
0.45 at fiscal year end
Rank 60 of 100: lower than 60% of 199 peers (All). medium.
Rank 45 of 100: lower than 45% of 54 peers (Sector). medium.
Median Technology: 0.41
Long-term financial debt divided by equity.
0.93 at fiscal year end
Rank 19 of 100: higher than 19% of 215 peers (All). weak.
Rank 9 of 100: higher than 9% of 63 peers (Sector). weak.
Median Technology: 2.02
Current assets divided by current liabilities.
−5.9% in 5 years
Rank 67 of 100: lower than 67% of 199 peers (All). strong.
Rank 83 of 100: lower than 83% of 51 peers (Sector). strong.
Median Technology: +2.8%
Change in diluted share count. Negative = share buybacks, positive = new shares.
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
Fiscal year 2026 (Jul 27, 2025 – Jul 25, 2026): Revenue 63.3B USD · Net income 13.3B USD · Net margin 21.0%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 64.5 USD gross profit, 24.3 USD operating income and 21.0 USD net income remained.
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 63.3B USD | 100.0% |
| Gross profit | 40.9B USD | 64.5% |
| Cost of revenue | 22.5B USD | 35.5% |
| Operating income | 15.4B USD | 24.3% |
| Research & development | 9.6B USD | 15.1% |
| Other operating expenses | 15.9B USD | 25.2% |
| Net income | 13.3B USD | 21.0% |
| Interest expense | 1.5B USD | 2.3% |
| Taxes & other (net) | 631.0M USD | 1.0% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The operating margin fell in 5 years from 25.8% to 24.3%.
Gross marginOperating marginNet marginReturn on equity stayed roughly the same in 5 years (26.4%).
Return on equityReturn on assetsThe equity ratio fell in 5 years from 42.3% to 38.8%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.The current ratio fell in 5 years from 1.49 to 0.93.
Current ratioFree cash flow fell in 5 years from 14.8B USD to 12.8B USD.
Operating cash flowCapital expenditureFree cash flow in USDThe share count fell in 5 years by 5.9% (mostly through share repurchases).
Diluted share countFrom annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
The dividend per share rose in 5 years from 1.46 USD to 1.66 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.The payout ratio fell in 5 years from 58.4% to 49.8%.
Payout ratio (earnings)Payout ratio (free cash flow)Over 5 years, 61.8B USD went back to shareholders, 48% of it through share repurchases. That is 91% of the free cash flow of those years. This was offset by new shares issued for 3.6B USD (including employee plans).
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USDDividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Cisco next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| ACN Accenture | 74.2B USD | +8.0% | 32.0% | 15.4% | 11.3% | 26.5% | 42.9% | 15.7% | 6/9 |
| IBM IBM | 67.5B USD | −1.7% | 58.2% | – | 15.7% | 32.4% | 21.5% | 17.9% | 7/9 |
| ORCL Oracle Corporation | 67.4B USD | +10.7% | – | 30.6% | 25.4% | 40.2% | 16.2% | −35.2% | – |
| AVGO Broadcom | 63.9B USD | +21.7% | 67.8% | 39.9% | 36.2% | 28.4% | 47.5% | 42.1% | – |
| CSCO Cisco this stock | 63.3B USD | +4.9% | 64.5% | 24.3% | 21.0% | 26.4% | 38.8% | 20.2% | 7/9 |
| INTC Intel | 52.9B USD | −7.5% | 34.8% | −4.2% | −0.5% | −0.2% | 54.1% | −9.4% | 6/9 |
| QCOM Qualcomm | 44.3B USD | +13.5% | 55.4% | 27.9% | 12.5% | 26.1% | 42.3% | 28.9% | 6/9 |
| CRM Salesforce | 41.5B USD | +14.3% | 77.7% | 20.1% | 18.0% | 12.6% | 52.7% | 34.7% | 7/9 |
| SMCI Supermicro | 39.1B USD | +61.5% | 10.8% | 7.1% | 5.7% | 15.4% | 48.4% | −17.8% | 4/9 |
| Median of the sector 63 symbols | 11.0B USD | +14.5% | 56.1% | 14.2% | 12.5% | 13.5% | 51.6% | 19.0% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
+4.9% per year, last 5 years
Sector Technology: median +13.5% (88 symbols)
What does this mean? Revenue: over 5 years it grew by 4.9% per year on average, but more slowly than the median company in the sector (+13.5%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
+4.6% per year, last 5 years
Sector Technology: median +13.3% (62 symbols)
per share: +5.9% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 4.6% per year on average, but more slowly than the median company in the sector (+13.3%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
21.0% last fiscal year
Sector Technology: median 12.5% (97 symbols)
What does this mean? Of every 100 USD in revenue, 20.95 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was 21.3%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
0.45 latest balance sheet
Sector Technology: median 0.45 (79 symbols)
What does this mean? For every 1 USD of equity there is 0.45 USD of financial debt – no more than the median company in the sector (0.45). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
50% Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.50 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 30%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
10 of 10 fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2026 | Jul 25, 2026 | 63.3B | 13.3B | 21.0% | 3.33 | 1.66 | 50% |
| 2025 | Jul 26, 2025 | 56.7B | 10.2B | 18.0% | 2.55 | 1.62 | 64% |
| 2024 | Jul 27, 2024 | 53.8B | 10.3B | 19.2% | 2.54 | 1.58 | 62% |
| 2023 | Jul 29, 2023 | 57.0B | 12.6B | 22.1% | 3.07 | 1.54 | 50% |
| 2022 | Jul 30, 2022 | 51.6B | 11.8B | 22.9% | 2.82 | 1.50 | 53% |
| 2021 | Jul 31, 2021 | 49.8B | 10.6B | 21.3% | 2.50 | 1.46 | 58% |
| 2020 | Jul 25, 2020 | 49.3B | 11.2B | 22.7% | 2.64 | 1.42 | 54% |
| 2019 | Jul 27, 2019 | 51.9B | 11.6B | 22.4% | 2.61 | 1.36 | 52% |
| 2018 | Jul 28, 2018 | 49.3B | 110.0M | 0.2% | 0.02 | 1.24 | 6,200% |
| 2017 | Jul 29, 2017 | 48.0B | 9.6B | 20.0% | 1.90 | 1.10 | 58% |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q3/26* | Jul 25, 2026 | 17.3B | 3.9B | 22.4% | – | 0.42 | – |
| Q2/26 | Apr 25, 2026 | 15.8B | 3.4B | 21.3% | 0.85 | 0.42 | 49% |
| Q1/26 | Jan 24, 2026 | 15.3B | 3.2B | 20.7% | 0.80 | 0.41 | 51% |
| Q4/25 | Oct 25, 2025 | 14.9B | 2.9B | 19.2% | 0.72 | 0.41 | 57% |
| Q3/25* | Jul 26, 2025 | 14.7B | 2.6B | 17.4% | – | 0.41 | – |
| Q2/25 | Apr 26, 2025 | 14.1B | 2.5B | 17.6% | 0.62 | 0.41 | 66% |
| Q1/25 | Jan 25, 2025 | 14.0B | 2.4B | 17.4% | 0.61 | 0.40 | 66% |
| Q4/24 | Oct 26, 2024 | 13.8B | 2.7B | 19.6% | 0.68 | 0.40 | 59% |
| Q3/24* | Jul 27, 2024 | 13.6B | 2.2B | 15.8% | – | 0.40 | – |
| Q2/24 | Apr 27, 2024 | 12.7B | 1.9B | 14.8% | 0.46 | 0.40 | 87% |
| Q1/24 | Jan 27, 2024 | 12.8B | 2.6B | 20.6% | 0.65 | 0.39 | 60% |
| Q4/23 | Oct 28, 2023 | 14.7B | 3.6B | 24.8% | 0.89 | 0.39 | 44% |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $6.0M7 people | −$6.0M |
| 6 months | $00 people | $13.2M7 people | −$13.2M |
| 12 months | $00 people | $105.8M10 people | −$105.8M |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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