MSFTMicrosoft

Technology · Software · Nasdaq

Employees: 223,000
Headquarters: Redmond, WA
CEO: Satya Nadella
Next results: around Jan 27, 2027

MSFT and 9 peers, year by year

The 9 Technology companies closest to MSFT in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

5 years 10 years Download CSV

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
MSFT Microsoft	FY2026	$331.8B	+17.8%	67.9%	46.8%	40.3%	20.2%	30.2%	0.09
NVDA Nvidia	FY2026	$215.9B	+65.5%	71.1%	60.4%	55.6%	44.8%	76.3%	0.05
AAPL Apple Inc.	FY2026	$478.8B	+15.1%	48.8%	33.0%	27.6%	28.4%	117.9%	0.71
DELL Dell Technologies	FY2026	$113.5B	+18.8%	20.0%	7.2%	5.2%	7.5%	n/m	n/m
MU Micron Technology	FY2026	$133.2B	+256%	80.7%	74.6%	63.8%	44.3%	61.4%	0.02
AVGO Broadcom	FY2025	$63.9B	+23.9%	67.8%	39.9%	36.2%	42.1%	28.4%	0.80
ACN Accenture	FY2026	$74.2B	+6.5%	-	15.4%	11.3%	15.7%	26.5%	0.32
ORCL Oracle Corporation	FY2026	$67.4B	+17.3%	-	30.6%	25.4%	−35.2%	40.2%	3.05
IBM IBM	FY2025	$67.5B	+7.6%	58.2%	-	15.7%	17.9%	32.4%	2.07
CSCO Cisco	FY2026	$63.3B	+11.8%	64.5%	24.3%	21.0%	20.2%	26.4%	0.59

Revenuepeer median $74.2B

Sales growthpeer median +17.3%

Gross marginpeer median 64.5%

Operating marginpeer median 31.8%

Net marginpeer median 25.4%

FCF marginpeer median 20.2%

Return on equitypeer median 36.3%

Debt / equitypeer median 0.65

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2017 to FY2026

Revenue as reported in the 10-K.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MSFT Jun	$96.6B	$110.4B	$125.8B	$143.0B	$168.1B	$198.3B	$211.9B	$245.1B	$281.7B	$331.8B
NVDA Jan	$6.9B	$9.7B	$11.7B	$10.9B	$16.7B	$26.9B	$27.0B	$60.9B	$130.5B	$215.9B
AAPL Sep	$229.2B	$265.6B	$260.2B	$274.5B	$365.8B	$394.3B	$383.3B	$391.0B	$416.2B	$478.8B
DELL Jan	$62.2B	$79.0B	$90.6B	$84.8B	$86.7B	$101.2B	$102.3B	$88.4B	$95.6B	$113.5B
MU Sep	$20.3B	$30.4B	$23.4B	$21.4B	$27.7B	$30.8B	$15.5B	$25.1B	$37.4B	$133.2B
AVGO Nov	$17.6B	$20.8B	$22.6B	$23.9B	$27.4B	$33.2B	$35.8B	$51.6B	$63.9B	-
ACN Aug	$36.2B	$41.0B	$43.2B	$44.3B	$50.5B	$61.6B	$64.1B	$64.9B	$69.7B	$74.2B
ORCL May	$37.8B	$39.4B	$39.5B	$39.1B	$40.5B	$42.4B	$50.0B	$53.0B	$57.4B	$67.4B
IBM Dec	$79.1B	$79.6B	$57.7B	$55.2B	$57.4B	$60.5B	$61.9B	$62.8B	$67.5B	-
CSCO Jul	$48.0B	$49.3B	$51.9B	$49.3B	$49.8B	$51.6B	$57.0B	$53.8B	$56.7B	$63.3B
Peer median	$37.8B	$41.0B	$43.2B	$44.3B	$49.8B	$51.6B	$57.0B	$60.9B	$67.5B	$113.5B

Sales growth, FY2017 to FY2026

Revenue against the fiscal year before.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MSFT Jun	+5.9%	+14.3%	+14.0%	+13.6%	+17.5%	+18.0%	+6.9%	+15.7%	+14.9%	+17.8%
NVDA Jan	+37.9%	+40.6%	+20.6%	−6.8%	+52.7%	+61.4%	+0.2%	+126%	+114%	+65.5%
AAPL Sep	+6.3%	+15.9%	−2.0%	+5.5%	+33.3%	+7.8%	−2.8%	+2.0%	+6.4%	+15.1%
DELL Jan	+21.1%	+27.1%	+14.7%	+1.7%	+2.2%	+16.8%	+1.1%	−13.6%	+8.1%	+18.8%
MU Sep	+63.9%	+49.5%	−23.0%	−8.4%	+29.3%	+11.0%	−49.5%	+61.6%	+48.9%	+256%
AVGO Nov	+33.2%	+18.2%	+8.4%	+5.7%	+14.9%	+21.0%	+7.9%	+44.0%	+23.9%	-
ACN Aug	+5.7%	+13.3%	+5.4%	+2.6%	+14.0%	+21.9%	+4.1%	+1.2%	+7.4%	+6.5%
ORCL May	+1.8%	+4.2%	+0.3%	−1.1%	+3.6%	+4.8%	+17.7%	+6.0%	+8.4%	+17.3%
IBM Dec	−1.0%	+0.6%	−3.1%	−4.4%	+3.9%	+5.5%	+2.2%	+1.4%	+7.6%	-
CSCO Jul	−2.5%	+2.8%	+5.2%	−5.0%	+1.0%	+3.5%	+10.6%	−5.6%	+5.3%	+11.8%
Peer median	+6.3%	+15.9%	+5.2%	−1.1%	+14.0%	+11.0%	+2.2%	+2.0%	+8.1%	+17.3%

Gross margin, FY2017 to FY2026

Gross profit / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MSFT Jun	64.5%	65.2%	65.9%	67.8%	68.9%	68.4%	68.9%	69.8%	68.8%	67.9%
NVDA Jan	58.8%	59.9%	61.2%	62.0%	62.3%	64.9%	56.9%	72.7%	75.0%	71.1%
AAPL Sep	38.5%	38.3%	37.8%	38.2%	41.8%	43.3%	44.1%	46.2%	46.9%	48.8%
DELL Jan	22.0%	26.0%	27.6%	24.3%	23.2%	21.6%	22.2%	23.8%	22.2%	20.0%
MU Sep	41.5%	58.9%	45.7%	30.6%	37.6%	45.2%	−9.1%	22.4%	39.8%	80.7%
AVGO Nov	48.2%	51.5%	55.2%	56.6%	61.4%	66.5%	68.9%	63.0%	67.8%	-
ACN Aug	-	-	-	-	-	-	-	-	-	-
ORCL May	60.9%	61.7%	-	-	-	-	-	-	-	-
IBM Dec	46.7%	46.4%	54.6%	55.9%	54.9%	54.0%	55.4%	56.7%	58.2%	-
CSCO Jul	63.0%	62.0%	62.9%	64.3%	64.0%	62.5%	62.7%	64.7%	64.9%	64.5%
Peer median	47.5%	55.2%	54.6%	55.9%	54.9%	54.0%	55.4%	56.7%	58.2%	64.5%

Operating margin, FY2017 to FY2026

Operating income / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MSFT Jun	30.1%	31.8%	34.1%	37.0%	41.6%	42.1%	41.8%	44.6%	45.6%	46.8%
NVDA Jan	28.0%	33.0%	32.5%	26.1%	27.2%	37.3%	15.7%	54.1%	62.4%	60.4%
AAPL Sep	26.8%	26.7%	24.6%	24.1%	29.8%	30.3%	29.8%	31.5%	32.0%	33.0%
DELL Jan	−3.8%	−3.1%	−0.2%	2.8%	4.3%	4.6%	5.6%	6.1%	6.5%	7.2%
MU Sep	28.9%	49.3%	31.5%	14.0%	22.7%	31.5%	−37.0%	5.2%	26.1%	74.6%
AVGO Nov	13.4%	24.6%	15.2%	16.8%	31.0%	42.8%	45.2%	26.1%	39.9%	-
ACN Aug	14.4%	14.4%	14.6%	14.7%	15.1%	15.2%	13.7%	14.8%	14.7%	15.4%
ORCL May	34.2%	33.7%	34.3%	35.6%	37.6%	25.7%	26.2%	29.0%	30.8%	30.6%
IBM Dec	-	-	-	-	-	-	-	-	-	-
CSCO Jul	24.9%	25.0%	27.4%	27.6%	25.8%	27.1%	26.4%	22.6%	20.8%	24.3%
Peer median	25.9%	25.8%	26.0%	20.5%	26.5%	28.7%	20.9%	24.4%	28.5%	30.6%

Net margin, FY2017 to FY2026

Net income / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MSFT Jun	26.4%	15.0%	31.2%	31.0%	36.5%	36.7%	34.1%	36.0%	36.1%	40.3%
NVDA Jan	24.1%	31.4%	35.3%	25.6%	26.0%	36.2%	16.2%	48.8%	55.8%	55.6%
AAPL Sep	21.1%	22.4%	21.2%	20.9%	25.9%	25.3%	25.3%	24.0%	26.9%	27.6%
DELL Jan	−1.9%	−3.6%	−2.5%	5.4%	3.7%	5.5%	2.4%	3.8%	4.8%	5.2%
MU Sep	25.0%	46.5%	27.0%	12.5%	21.2%	28.2%	−37.5%	3.1%	22.8%	63.8%
AVGO Nov	9.6%	58.8%	11.9%	11.1%	23.4%	34.6%	39.3%	11.4%	36.2%	-
ACN Aug	9.5%	9.9%	11.1%	11.5%	11.7%	11.2%	10.7%	11.2%	11.0%	11.3%
ORCL May	25.0%	9.1%	28.1%	25.9%	34.0%	15.8%	17.0%	19.8%	21.7%	25.4%
IBM Dec	7.3%	11.0%	16.3%	10.1%	10.0%	2.7%	12.1%	9.6%	15.7%	-
CSCO Jul	20.0%	0.2%	22.4%	22.7%	21.3%	22.9%	22.1%	19.2%	18.0%	21.0%
Peer median	20.0%	11.0%	21.2%	12.5%	21.3%	22.9%	16.2%	11.4%	21.7%	25.4%

Free cash flow, FY2017 to FY2026

Cash from operations minus capital spending.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MSFT Jun	$31.4B	$32.3B	$38.3B	$45.2B	$56.1B	$65.1B	$59.5B	$74.1B	$71.6B	$67.0B
NVDA Jan	-	-	-	-	-	$8.1B	$3.8B	$27.0B	$60.9B	$96.7B
AAPL Sep	$51.8B	$64.1B	$58.9B	$73.4B	$93.0B	$111.4B	$99.6B	$108.8B	$98.8B	$136.1B
DELL Jan	$1.7B	$5.6B	$5.5B	$6.7B	$9.3B	$7.5B	$562.0M	$5.9B	$1.9B	$8.6B
MU Sep	$3.4B	$8.5B	$3.4B	$83.0M	$2.4B	$3.1B	−$6.1B	$121.0M	$1.7B	$59.0B
AVGO Nov	$5.5B	$8.2B	$9.3B	$11.6B	$13.3B	$16.3B	$17.6B	$19.4B	$26.9B	-
ACN Aug	$4.5B	$5.4B	$6.0B	$7.6B	$8.4B	$8.8B	$9.0B	$8.6B	$10.9B	$11.6B
ORCL May	$12.1B	$13.7B	$12.9B	$11.6B	$13.8B	$5.0B	$8.5B	$11.8B	−$394.0M	−$23.7B
IBM Dec	$13.5B	$11.9B	$12.5B	$15.6B	$10.7B	$9.1B	$12.7B	$12.4B	$12.1B	-
CSCO Jul	$12.9B	$12.8B	$14.9B	$14.7B	$14.8B	$12.7B	$19.0B	$10.2B	$13.3B	$12.8B
Peer median	$8.8B	$10.2B	$10.9B	$11.6B	$12.0B	$8.8B	$9.0B	$11.8B	$12.1B	$12.8B

FCF margin, FY2017 to FY2026

Free cash flow / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MSFT Jun	32.5%	29.2%	30.4%	31.6%	33.4%	32.9%	28.1%	30.2%	25.4%	20.2%
NVDA Jan	-	-	-	-	-	30.2%	14.1%	44.4%	46.6%	44.8%
AAPL Sep	22.6%	24.1%	22.6%	26.7%	25.4%	28.3%	26.0%	27.8%	23.7%	28.4%
DELL Jan	2.7%	7.1%	6.1%	7.9%	10.8%	7.4%	0.5%	6.7%	2.0%	7.5%
MU Sep	16.8%	28.0%	14.6%	0.4%	8.8%	10.1%	−39.4%	0.5%	4.5%	44.3%
AVGO Nov	31.1%	39.5%	41.0%	48.6%	48.5%	49.1%	49.2%	37.6%	42.1%	-
ACN Aug	12.3%	13.2%	13.9%	17.2%	16.6%	14.3%	14.0%	13.3%	15.6%	15.7%
ORCL May	32.0%	34.7%	32.6%	29.6%	34.0%	11.8%	17.0%	22.3%	−0.7%	−35.2%
IBM Dec	17.1%	14.9%	21.6%	28.2%	18.7%	15.0%	20.5%	19.8%	17.9%	-
CSCO Jul	26.9%	26.0%	28.7%	29.7%	29.6%	24.7%	33.4%	19.0%	23.5%	20.2%
Peer median	19.8%	25.1%	22.1%	27.5%	22.1%	15.0%	17.0%	19.8%	17.9%	20.2%

Return on equity, FY2017 to FY2026

Net income / shareholders' equity at the year end.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MSFT Jun	29.1%	20.0%	38.3%	37.4%	43.2%	43.7%	35.1%	32.8%	29.6%	30.2%
NVDA Jan	28.9%	40.8%	44.3%	22.9%	25.6%	36.6%	19.8%	69.2%	91.9%	76.3%
AAPL Sep	36.1%	55.6%	61.1%	87.9%	150.1%	197.0%	156.1%	164.6%	151.9%	117.9%
DELL Jan	−7.9%	−24.3%	n/m	n/m	131.1%	n/m	n/m	n/m	n/m	n/m
MU Sep	27.3%	43.8%	17.6%	6.9%	13.3%	17.4%	−13.2%	1.7%	15.8%	61.4%
AVGO Nov	8.3%	46.0%	10.8%	11.2%	25.8%	50.6%	58.7%	8.7%	28.4%	-
ACN Aug	38.5%	39.2%	33.2%	30.0%	30.2%	31.1%	26.7%	25.7%	24.6%	26.5%
ORCL May	17.5%	7.7%	50.9%	83.9%	n/m	n/m	n/m	120.3%	60.8%	40.2%
IBM Dec	32.7%	52.0%	45.3%	27.1%	30.4%	7.5%	33.3%	22.1%	32.4%	-
CSCO Jul	14.5%	0.3%	34.6%	29.6%	25.7%	29.7%	28.4%	22.7%	21.7%	26.4%
Peer median	27.3%	40.8%	39.5%	28.4%	28.0%	31.1%	28.4%	24.2%	30.4%	50.8%

Debt / equity, FY2017 to FY2026

Total debt / shareholders' equity at the year end.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MSFT Jun	0.98	0.92	0.71	0.54	0.41	0.30	0.23	0.19	0.13	0.09
NVDA Jan	0.34	0.27	0.21	0.16	0.41	0.41	0.50	0.23	0.11	0.05
AAPL Sep	0.86	1.07	1.19	1.72	1.98	2.37	1.79	1.87	1.34	0.71
DELL Jan	3.78	5.10	n/m	n/m	18.39	n/m	n/m	n/m	n/m	n/m
MU Sep	0.60	0.14	0.16	0.16	0.14	0.12	0.28	0.26	0.22	0.02
AVGO Nov	0.87	0.66	1.32	1.72	1.59	1.74	1.63	1.00	0.80	-
ACN Aug	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.04	0.16	0.32
ORCL May	1.08	1.31	2.58	5.93	16.08	n/m	n/m	9.98	4.53	3.05
IBM Dec	2.66	2.72	2.97	3.32	3.09	2.54	2.79	2.20	2.07	-
CSCO Jul	0.51	0.59	0.73	0.38	0.28	0.24	0.19	0.68	0.60	0.59
Peer median	0.86	0.66	0.96	1.05	1.59	0.41	0.50	0.84	0.70	0.45

EPS (diluted), FY2017 to FY2026

Diluted earnings per share, on today's share count after splits.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MSFT Jun	$3.25	$2.13	$5.06	$5.76	$8.05	$9.65	$9.68	$11.80	$13.64	$17.95
NVDA Jan	$0.06	$0.12	$0.17	$0.11	$0.17	$0.39	$0.17	$1.19	$2.94	$4.90
AAPL Sep	$2.30	$2.98	$2.97	$3.28	$5.61	$6.11	$6.13	$6.08	$7.46	$8.98
DELL Jan	-	-	-	$6.03	$4.22	-	$3.24	$4.60	$6.38	$8.68
MU Sep	$4.41	$11.51	$5.51	$2.37	$5.14	$7.75	−$5.34	$0.70	$7.59	$74.33
AVGO Nov	$0.40	$2.84	$0.64	$0.63	$1.50	$2.65	$3.30	$1.23	$4.77	-
ACN Aug	$5.44	$6.34	$7.36	$7.89	$9.16	$10.71	$10.77	$11.44	$12.15	$13.56
ORCL May	$2.24	$0.85	$2.97	$3.08	$4.55	$2.41	$3.07	$3.71	$4.34	$5.83
IBM Dec	$6.14	$9.52	$10.56	$6.23	$6.35	$1.80	$8.14	$6.43	$11.17	-
CSCO Jul	$1.90	$0.02	$2.61	$2.64	$2.50	$2.82	$3.07	$2.54	$2.55	$3.33
Peer median	$2.27	$2.91	$2.97	$3.08	$4.55	$2.73	$3.24	$3.71	$6.38	$8.68

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out MSFT and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on MSFT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/MSFT/export.csv") into a cell.