Cisco Systems (CSCO) Financials

$57.41 +0.08 (+0.14%)

As of 04/14/2025 04:00 PM Eastern

Annual Income Statements for Cisco Systems

This table shows Cisco Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	8,981	10,739	9,609	110	11,621	11,214	10,591	11,812	12,613	10,320
Consolidated Net Income / (Loss)	8,981	10,739	9,609	110	11,621	11,214	10,591	11,812	12,613	10,320
Net Income / (Loss) Continuing Operations	8,981	10,739	9,609	110	11,621	11,214	10,591	11,812	12,613	10,320
Total Pre-Tax Income	11,201	12,920	12,287	13,039	14,571	13,970	13,262	14,477	15,318	12,234
Total Operating Income	10,770	12,660	11,973	12,309	14,219	13,620	12,833	13,969	15,031	12,181
Total Gross Profit	29,681	30,960	30,224	30,606	32,666	31,683	31,894	32,248	35,753	34,828
Total Revenue	49,161	49,247	48,005	49,330	51,904	49,301	49,818	51,557	56,998	53,803
Operating Revenue	49,161	49,247	48,005	49,330	51,904	49,301	49,818	51,557	56,998	53,803
Total Cost of Revenue	19,480	18,287	17,781	18,724	19,238	17,618	17,924	19,309	21,245	18,975
Operating Cost of Revenue	19,480	18,287	17,781	18,724	19,238	17,618	17,924	19,309	21,245	18,975
Total Operating Expenses	18,911	18,300	18,251	18,297	18,447	18,063	19,061	18,279	20,722	22,647
Selling, General & Admin Expense	2,040	1,814	1,993	2,144	1,827	1,925	2,152	2,101	2,478	2,813
Marketing Expense	9,821	9,619	9,184	9,242	9,571	9,169	9,259	9,085	9,880	10,364
Research & Development Expense	6,207	6,296	6,059	6,332	6,577	6,347	6,549	6,774	7,551	7,983
Amortization Expense	359	303	259	221	150	141	215	313	282	698
Restructuring Charge	484	268	756	358	322	481	886	6.00	531	789
Total Other Income / (Expense), net	431	260	314	730	352	350	429	508	287	53
Interest Expense	566	676	861	943	859	585	434	360	427	1,006
Interest & Investment Income	769	1,005	1,338	1,508	1,308	920	618	476	962	1,365
Other Income / (Expense), net	228	-69	-163	165	-97	15	245	392	-248	-306
Income Tax Expense	2,220	2,181	2,678	12,929	2,950	2,756	2,671	2,665	2,705	1,914
Basic Earnings per Share	$1.76	$2.13	$1.92	$0.02	$2.63	$2.65	$2.51	$2.83	$3.08	$2.55
Weighted Average Basic Shares Outstanding	5.10B	5.05B	5.01B	4.84B	4.42B	4.24B	4.22B	4.17B	4.09B	4.04B
Diluted Earnings per Share	$1.75	$2.11	$1.90	$0.02	$2.61	$2.64	$2.50	$2.82	$3.07	$2.54
Weighted Average Diluted Shares Outstanding	5.15B	5.09B	5.05B	4.88B	4.45B	4.25B	4.24B	4.19B	4.11B	4.06B
Weighted Average Basic & Diluted Shares Outstanding	5.10B	5.04B	5.00B	5.50B	4.25B	4.23B	4.22B	4.11B	4.05B	3.99B
Cash Dividends to Common per Share	$0.80	$0.94	$1.10	$1.24	$1.36	$1.42	$1.46	$1.50	$1.54	$1.58

This table shows Cisco Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	2,815	2,670	2,773	3,212	3,958	3,638	2,634	1,886	2,162	2,711	2,428
Consolidated Net Income / (Loss)	2,815	2,670	2,773	3,212	3,958	3,638	2,634	1,886	2,162	2,711	2,428
Net Income / (Loss) Continuing Operations	2,815	2,670	2,773	3,212	3,958	3,638	2,634	1,886	2,162	2,711	2,428
Total Pre-Tax Income	3,416	3,475	3,415	3,957	4,471	4,442	3,161	2,235	2,396	2,267	2,887
Total Operating Income	3,434	3,540	3,292	3,946	4,253	4,276	3,096	2,191	2,618	2,358	3,113
Total Gross Profit	8,025	8,346	8,427	9,232	9,748	9,557	8,217	8,273	8,781	9,121	9,111
Total Revenue	13,102	13,632	13,592	14,571	15,203	14,668	12,791	12,702	13,642	13,841	13,991
Operating Revenue	13,102	13,632	13,592	14,571	15,203	14,668	12,791	12,702	13,642	13,841	13,991
Total Cost of Revenue	5,077	5,286	5,165	5,339	5,455	5,111	4,574	4,429	4,861	4,720	4,880
Operating Cost of Revenue	5,077	5,286	5,165	5,339	5,455	5,111	4,574	4,429	4,861	4,720	4,880
Total Operating Expenses	4,591	4,806	5,135	5,286	5,495	5,281	5,121	6,082	6,163	6,763	5,998
Selling, General & Admin Expense	489	565	582	641	690	672	642	736	763	795	752
Marketing Expense	2,349	2,391	2,384	2,526	2,579	2,506	2,458	2,559	2,841	2,752	2,672
Research & Development Expense	1,682	1,781	1,855	1,962	1,953	1,913	1,943	1,948	2,179	2,286	2,299
Amortization Expense	73	71	71	70	70	67	66	297	268	265	265
Restructuring Charge	-2.00	-2.00	243	87	203	123	12	542	112	665	10
Total Other Income / (Expense), net	-18	-65	123	11	218	166	65	44	-222	-91	-226
Interest Expense	93	100	107	109	111	111	120	357	418	418	404
Interest & Investment Income	129	169	219	262	312	360	324	411	270	286	238
Other Income / (Expense), net	-54	-134	11	-142	17	-83	-139	-10	-74	41	-60
Income Tax Expense	601	805	642	745	513	804	527	349	234	-444	459
Basic Earnings per Share	$0.68	$0.65	$0.68	$0.79	$0.96	$0.90	$0.65	$0.47	$0.53	$0.68	$0.61
Weighted Average Basic Shares Outstanding	4.17B	4.11B	4.10B	4.09B	4.09B	4.06B	4.06B	4.04B	4.04B	3.99B	3.98B
Diluted Earnings per Share	$0.68	$0.65	$0.67	$0.78	$0.97	$0.89	$0.65	$0.46	$0.54	$0.68	$0.61
Weighted Average Diluted Shares Outstanding	4.19B	4.12B	4.12B	4.11B	4.11B	4.09B	4.07B	4.06B	4.06B	4.01B	4.01B
Weighted Average Basic & Diluted Shares Outstanding	4.11B	4.11B	4.10B	4.08B	4.05B	4.06B	4.05B	4.03B	3.99B	3.98B	3.98B
Cash Dividends to Common per Share	-	$0.38	$0.38	$0.39	-	$0.39	$0.39	$0.40	-	$0.40	$0.40

This table details how cash moves in and out of Cisco Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	151	754	4,034	-2,780	2,779	40	-1,870	-1,363	3,048	-2,785
Net Cash From Operating Activities	12,552	13,570	13,876	13,666	15,831	15,426	15,454	13,226	19,886	10,880
Net Cash From Continuing Operating Activities	12,552	13,570	13,876	13,666	15,831	15,426	15,454	13,226	19,886	10,880
Net Income / (Loss) Continuing Operations	8,981	10,739	9,609	110	11,621	11,214	10,591	11,812	12,613	10,320
Consolidated Net Income / (Loss)	8,981	10,739	9,609	110	11,621	11,214	10,591	11,812	12,613	10,320
Depreciation Expense	2,442	2,150	2,286	2,192	1,897	1,808	1,862	1,957	1,726	2,507
Non-Cash Adjustments To Reconcile Net Income	1,188	1,003	1,519	1,120	1,586	1,524	1,401	1,488	2,590	3,323
Changes in Operating Assets and Liabilities, net	-59	-322	462	10,244	727	880	1,600	-2,031	2,957	-5,270
Net Cash From Investing Activities	-10,088	-8,117	-6,036	15,318	14,837	3,500	-5,285	1,553	-5,107	-20,478
Net Cash From Continuing Investing Activities	-10,088	-8,117	-6,036	15,318	14,837	3,500	-5,285	1,553	-5,107	-20,478
Purchase of Property, Plant & Equipment	-1,227	-1,146	-964	-834	-909	-770	-692	-477	-849	-670
Acquisitions	-326	-3,161	-3,324	-2,979	-2,175	-327	-7,038	-373	-301	-25,994
Purchase of Investments	-44,197	-47,016	-42,924	-14,552	-2,564	-9,402	-9,503	-6,256	-11,056	-4,514
Sale and/or Maturity of Investments	35,818	42,984	41,173	33,643	20,475	13,830	11,976	8,583	7,122	10,705
Other Investing Activities, net	-178	-191	-4.00	-19	-12	-10	-56	76	-23	-5.00
Net Cash From Financing Activities	-2,313	-4,699	-3,806	-31,764	-27,889	-18,856	-12,097	-15,962	-11,626	6,844
Net Cash From Continuing Financing Activities	-2,313	-4,699	-3,806	-31,764	-27,889	-18,856	-12,097	-15,962	-11,626	6,844
Repayment of Debt	-522	-3,713	-4,329	-15,046	-6,780	-6,639	-3,059	-3,672	-532	-13,003
Repurchase of Common Equity	-4,324	-3,909	-3,685	-17,547	-20,717	-2,659	-2,877	-7,689	-4,293	-5,787
Payment of Dividends	-4,086	-4,750	-5,511	-5,968	-5,979	-6,016	-6,163	-6,224	-6,302	-6,384
Issuance of Debt	4,977	6,974	9,477	6,877	5,809	-3,470	-5.00	1,655	-602	32,296
Issuance of Common Equity	2,016	1,127	708	623	640	655	643	660	700	714
Other Financing Activities, net	-374	-428	-466	-703	-862	-727	-636	-692	-597	-992
Effect of Exchange Rate Changes	-	-	-	-	-	-30	58	-180	-105	-31
Cash Interest Paid	760	859	897	911	892	603	438	355	376	583
Cash Income Taxes Paid	2,190	2,675	2,742	3,911	2,986	3,116	3,604	3,663	3,571	7,426

This table details how cash moves in and out of Cisco Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	870	213	1,717	-963	2,081	-522	4,113	-4,779	-1,597	1,366	-700
Net Cash From Operating Activities	3,677	3,962	4,739	5,219	5,966	2,371	808	3,971	3,730	3,661	2,241
Net Cash From Continuing Operating Activities	3,677	3,962	4,739	5,219	5,966	2,367	812	3,971	3,730	3,661	2,241
Net Income / (Loss) Continuing Operations	2,815	2,670	2,773	3,212	3,958	3,638	2,634	1,886	2,162	2,711	2,428
Consolidated Net Income / (Loss)	2,815	2,670	2,773	3,212	3,958	3,638	2,634	1,886	2,162	2,711	2,428
Depreciation Expense	430	415	438	451	422	401	422	861	823	789	761
Non-Cash Adjustments To Reconcile Net Income	502	634	578	762	616	750	930	837	806	766	984
Changes in Operating Assets and Liabilities, net	-70	243	950	794	970	-2,422	-3,174	387	-61	-605	-1,932
Net Cash From Investing Activities	869	-799	-494	-2,594	-1,220	952	2,213	-22,815	-828	479	1,022
Net Cash From Continuing Investing Activities	869	-799	-494	-2,594	-1,220	952	2,213	-22,815	-828	479	1,022
Purchase of Property, Plant & Equipment	-139	-176	-170	-270	-233	-134	-170	-168	-198	-217	-210
Acquisitions	-	0.00	-3.00	-93	-205	-876	-2.00	-24,996	-120	-217	-40
Purchase of Investments	-715	-1,991	-1,876	-3,947	-3,242	-1,863	-440	-823	-1,388	-1,817	-581
Sale and/or Maturity of Investments	1,638	1,388	1,554	1,721	2,459	3,824	2,827	3,173	881	2,731	1,857
Other Investing Activities, net	91	-20	1.00	-5.00	1.00	1.00	-2.00	-1.00	-3.00	-1.00	-4.00
Net Cash From Financing Activities	-3,618	-2,855	-2,626	-3,495	-2,650	-3,800	1,079	14,072	-4,507	-2,784	-3,945
Net Cash From Continuing Financing Activities	-3,618	-2,855	-2,626	-3,495	-2,650	-3,800	1,079	14,072	-4,507	-2,784	-3,945
Repayment of Debt	-514	-29	24	-499	-28	-767	10	-4,630	-7,616	-4,824	-6,560
Repurchase of Common Equity	-2,342	-556	-1,204	-1,269	-1,264	-1,300	-1,204	-1,268	-2,015	-2,003	-1,240
Payment of Dividends	-1,567	-1,560	-1,560	-1,593	-1,589	-1,580	-1,583	-1,615	-1,606	-1,592	-1,593
Issuance of Debt	597	-602	-	-	-	0.00	3,935	21,771	6,590	5,800	5,618
Other Financing Activities, net	-146	-108	-202	-134	-153	-153	-428	-184	-227	-165	-490
Effect of Exchange Rate Changes	-58	-95	98	-93	-15	-45	13	-7.00	8.00	10	-18
Cash Interest Paid	63	114	64	128	70	128	75	147	233	545	224
Cash Income Taxes Paid	703	1,150	1,022	242	1,157	3,090	3,714	346	276	643	2,039

This table presents Cisco Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	113,373	121,652	129,818	108,784	97,793	94,853	97,497	94,002	101,852	124,413
Total Current Assets	73,368	78,719	83,703	61,837	47,755	43,573	39,112	36,717	43,348	36,862
Cash & Equivalents	6,877	7,631	11,708	8,934	11,750	11,809	9,175	7,079	10,123	7,508
Short-Term Investments	53,539	58,125	58,784	37,614	21,663	17,610	15,343	12,188	16,023	10,346
Note & Lease Receivable	4,491	4,272	4,856	4,949	5,095	5,051	4,380	3,905	3,352	3,338
Accounts Receivable	5,344	5,847	5,146	5,554	5,491	5,472	5,766	6,622	5,854	6,685
Inventories, net	1,627	1,217	1,616	1,846	1,383	1,282	1,559	2,568	3,644	3,373
Other Current Assets	1,490	1,627	1,593	2,940	2,373	2,349	2,889	4,355	4,352	5,612
Plant, Property, & Equipment, net	3,332	3,506	3,322	3,006	2,789	2,453	2,338	1,997	2,085	2,090
Total Noncurrent Assets	36,673	39,427	42,793	43,941	47,249	48,827	56,047	55,288	56,419	85,461
Noncurrent Note & Lease Receivables	3,858	4,158	4,738	4,882	4,958	5,714	4,884	4,009	3,483	3,376
Goodwill	24,469	26,625	29,766	31,706	33,529	33,806	38,168	38,304	38,535	58,660
Intangible Assets	2,376	2,501	2,539	2,552	2,201	1,576	3,619	2,569	1,818	11,219
Noncurrent Deferred & Refundable Income Taxes	4,454	4,299	4,239	3,219	4,065	3,990	4,360	4,449	6,576	6,262
Other Noncurrent Operating Assets	1,516	1,844	1,511	1,582	2,496	3,741	5,016	5,957	6,007	5,944
Total Liabilities & Shareholders' Equity	113,373	121,652	129,818	108,784	97,793	94,853	97,497	94,002	101,852	124,413
Total Liabilities	53,666	58,067	63,681	65,580	64,222	56,933	56,222	54,229	57,499	78,956
Total Current Liabilities	23,412	24,911	27,583	27,035	31,712	25,331	26,257	25,640	31,309	40,584
Short-Term Debt	3,897	4,160	7,992	5,238	10,191	3,005	2,508	1,099	1,733	11,341
Accounts Payable	1,104	1,056	1,385	1,904	2,059	2,218	2,362	2,281	2,313	2,304
Current Deferred Revenue	9,824	10,155	10,821	11,490	10,668	11,406	12,148	12,784	13,908	16,249
Current Deferred & Payable Income Tax Liabilities	62	517	98	1,004	1,149	839	801	961	4,235	1,439
Current Employee Benefit Liabilities	3,049	2,951	2,895	2,986	3,221	3,122	3,818	3,316	3,984	3,608
Other Current Liabilities	5,476	6,072	4,392	4,413	4,424	4,741	4,620	5,199	5,136	5,643
Total Noncurrent Liabilities	30,254	33,156	36,098	38,545	32,510	31,602	29,965	28,589	26,190	38,372
Long-Term Debt	21,457	24,483	25,725	20,331	14,475	11,578	9,018	8,416	6,658	19,621
Noncurrent Deferred Revenue	7,235	7,242	8,923	16,780	16,726	17,877	18,554	18,205	17,398	16,211
Other Noncurrent Operating Liabilities	1,562	1,431	1,450	1,434	1,309	2,147	2,393	1,968	2,134	2,540
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	59,707	63,585	66,137	43,204	33,571	37,920	41,275	39,773	44,353	45,457
Total Preferred & Common Equity	59,698	63,586	66,137	43,204	33,571	37,920	41,275	39,773	44,353	45,457
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	59,698	63,586	66,137	43,204	33,571	37,920	41,275	39,773	44,353	45,457
Common Stock	43,592	44,516	45,253	42,820	40,266	41,202	42,346	42,714	44,289	45,800
Retained Earnings	16,045	19,396	20,838	1,233	-5,903	-2,763	-654	-1,319	1,639	1,087
Accumulated Other Comprehensive Income / (Loss)	61	-326	46	-849	-792	-519	-417	-1,622	-1,575	-1,430

This table presents Cisco Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Total Assets	94,002	93,054	95,840	97,529	101,852	98,782	101,174	122,998	124,413	123,333	121,375
Total Current Assets	36,717	36,141	38,515	39,950	43,348	39,659	42,127	35,886	36,862	35,752	34,681
Cash & Equivalents	7,079	7,292	9,009	8,044	10,123	9,602	13,715	8,913	7,508	9,065	8,556
Short-Term Investments	12,188	12,492	13,052	15,244	16,023	13,921	11,956	9,857	10,346	9,606	8,297
Note & Lease Receivable	3,905	3,683	3,557	3,402	3,352	3,414	3,476	3,443	3,338	3,123	3,074
Accounts Receivable	6,622	5,439	5,237	5,104	5,854	4,833	4,884	5,127	6,685	4,457	5,669
Inventories, net	2,568	2,664	3,140	3,474	3,644	3,342	3,209	3,118	3,373	3,143	2,927
Other Current Assets	4,355	4,571	4,520	4,682	4,352	4,547	4,887	5,428	5,612	6,358	6,158
Plant, Property, & Equipment, net	1,997	1,972	1,964	2,047	2,085	2,004	2,005	2,000	2,090	2,082	1,992
Total Noncurrent Assets	55,288	54,941	55,361	55,532	56,419	57,119	57,042	85,112	85,461	85,499	84,702
Noncurrent Note & Lease Receivables	4,009	3,618	3,554	3,393	3,483	3,324	3,364	3,251	3,376	3,411	3,240
Goodwill	38,304	38,160	38,388	38,369	38,535	38,900	39,087	58,633	58,660	58,774	58,719
Intangible Assets	2,569	2,360	2,134	1,966	1,818	1,914	1,678	11,819	11,219	10,744	10,139
Noncurrent Deferred & Refundable Income Taxes	4,449	4,891	5,321	5,817	6,576	7,102	7,338	5,527	6,262	6,514	6,591
Other Noncurrent Operating Assets	5,957	5,912	5,964	5,987	6,007	5,879	5,575	5,882	5,944	6,056	6,013
Total Liabilities & Shareholders' Equity	94,002	93,054	95,840	97,529	101,852	98,782	101,174	122,998	124,413	123,333	121,375
Total Liabilities	54,229	52,782	54,366	55,234	57,499	53,572	54,923	77,230	78,956	78,056	75,845
Total Current Liabilities	25,640	24,896	27,252	28,719	31,309	27,035	30,851	40,108	40,584	40,542	40,019
Short-Term Debt	1,099	1,249	1,250	1,731	1,733	990	4,936	11,891	11,341	12,364	11,413
Accounts Payable	2,281	2,316	2,329	2,442	2,313	2,084	1,848	2,054	2,304	1,996	1,902
Current Deferred Revenue	12,784	12,578	13,109	13,249	13,908	13,812	14,011	15,751	16,249	15,615	15,999
Current Deferred & Payable Income Tax Liabilities	961	890	2,200	3,132	4,235	2,380	1,876	1,867	1,439	2,096	1,884
Current Employee Benefit Liabilities	3,316	2,907	3,187	3,352	3,984	3,039	3,216	3,211	3,608	2,861	3,299
Other Current Liabilities	5,199	4,956	5,177	4,813	5,136	4,730	4,964	5,334	5,643	5,610	5,522
Total Noncurrent Liabilities	28,589	27,886	27,114	26,515	26,190	26,537	24,072	37,122	38,372	37,514	35,826
Long-Term Debt	8,416	7,629	7,637	6,663	6,658	6,660	6,669	20,102	19,621	19,623	19,625
Noncurrent Deferred Revenue	18,205	18,276	17,427	17,736	17,398	17,637	15,150	14,593	16,211	15,254	13,552
Other Noncurrent Operating Liabilities	1,968	1,981	2,050	2,116	2,134	2,240	2,253	2,427	2,540	2,637	2,649
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	39,773	40,272	41,474	42,295	44,353	45,210	46,251	45,768	45,457	45,277	45,530
Total Preferred & Common Equity	39,773	40,272	41,474	42,295	44,353	45,210	46,251	45,768	45,457	45,277	45,530
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	39,773	40,272	41,474	42,295	44,353	45,210	46,251	45,768	45,457	45,277	45,530
Common Stock	42,714	42,984	43,424	43,639	44,289	44,546	45,002	45,343	45,800	45,991	46,521
Retained Earnings	-1,319	-594	-364	262	1,639	2,689	2,761	2,055	1,087	662	502
Accumulated Other Comprehensive Income / (Loss)	-1,622	-2,118	-1,586	-1,606	-1,575	-2,025	-1,512	-1,630	-1,430	-1,376	-1,493

This table displays calculated financial ratios and metrics derived from Cisco Systems' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.28%	0.17%	-2.52%	2.76%	5.22%	-5.02%	1.05%	3.49%	10.55%	-5.61%
EBITDA Growth	11.75%	9.68%	-4.38%	4.04%	9.23%	-3.60%	-3.26%	9.22%	1.17%	-12.88%
EBIT Growth	14.71%	14.48%	-6.20%	5.62%	13.21%	-3.45%	-4.09%	9.81%	2.94%	-19.67%
NOPAT Growth	14.32%	21.86%	-11.02%	-98.89%	10,820.74%	-3.59%	-6.26%	11.21%	8.59%	-16.98%
Net Income Growth	14.36%	19.57%	-10.52%	-98.86%	10,464.55%	-3.50%	-5.56%	11.53%	6.78%	-18.18%
EPS Growth	17.45%	20.57%	-9.95%	-98.95%	12,950.00%	1.15%	-5.30%	12.80%	8.87%	-17.26%
Operating Cash Flow Growth	1.78%	8.11%	2.26%	-1.51%	15.84%	-2.56%	0.18%	-14.42%	50.36%	-45.29%
Free Cash Flow Firm Growth	37.54%	-7.71%	-25.56%	11.85%	20.72%	44.98%	-60.16%	91.30%	63.57%	-237.29%
Invested Capital Growth	-3.09%	7.41%	10.92%	-24.31%	11.69%	-7.01%	22.52%	6.15%	-11.40%	120.19%
Revenue Q/Q Growth	1.00%	-0.41%	-1.04%	1.46%	1.14%	-2.52%	1.99%	-0.05%	3.83%	-2.82%
EBITDA Q/Q Growth	1.12%	2.72%	-1.98%	2.51%	0.55%	17.89%	-12.93%	-2.29%	5.64%	-8.44%
EBIT Q/Q Growth	1.23%	3.54%	-2.15%	3.49%	1.00%	-2.61%	3.69%	-2.20%	6.41%	-12.69%
NOPAT Q/Q Growth	1.29%	4.57%	-4.37%	108.61%	-10.59%	3.58%	2.93%	-0.45%	8.29%	-12.17%
Net Income Q/Q Growth	0.81%	4.82%	-3.89%	108.67%	-12.08%	3.99%	3.65%	-1.62%	9.97%	-14.82%
EPS Q/Q Growth	2.34%	3.94%	-4.04%	107.41%	-8.42%	4.35%	3.31%	-1.05%	10.43%	-14.48%
Operating Cash Flow Q/Q Growth	4.37%	-2.30%	1.34%	0.73%	-0.99%	300.81%	-59.33%	-5.88%	13.01%	-17.05%
Free Cash Flow Firm Q/Q Growth	1.03%	8.15%	-11.97%	-13.49%	22.73%	-4.00%	0.65%	-2.40%	15.01%	-9.05%
Invested Capital Q/Q Growth	-3.04%	-3.53%	-1.73%	9.47%	-4.02%	-0.58%	0.44%	1.05%	-2.93%	-0.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.38%	62.87%	62.96%	62.04%	62.94%	64.26%	64.02%	62.55%	62.73%	64.73%
EBITDA Margin	27.34%	29.93%	29.36%	29.73%	30.86%	31.32%	29.99%	31.65%	28.96%	26.73%
Operating Margin	21.91%	25.71%	24.94%	24.95%	27.39%	27.63%	25.76%	27.09%	26.37%	22.64%
EBIT Margin	22.37%	25.57%	24.60%	25.29%	27.21%	27.66%	26.25%	27.85%	25.94%	22.07%
Profit (Net Income) Margin	18.27%	21.81%	20.02%	0.22%	22.39%	22.75%	21.26%	22.91%	22.13%	19.18%
Tax Burden Percent	80.18%	83.12%	78.20%	0.84%	79.75%	80.27%	79.86%	81.59%	82.34%	84.36%
Interest Burden Percent	101.85%	102.61%	104.04%	104.53%	103.18%	102.46%	101.41%	100.81%	103.62%	103.02%
Effective Tax Rate	19.82%	16.88%	21.80%	99.16%	20.25%	19.73%	20.14%	18.41%	17.66%	15.64%
Return on Invested Capital (ROIC)	34.49%	41.17%	33.54%	0.40%	48.21%	45.64%	39.90%	39.10%	43.72%	24.13%
ROIC Less NNEP Spread (ROIC-NNEP)	33.45%	40.57%	32.88%	0.38%	46.32%	43.26%	37.44%	35.45%	42.00%	22.21%
Return on Net Nonoperating Assets (RNNOA)	-19.05%	-23.75%	-18.73%	-0.20%	-17.93%	-14.27%	-13.16%	-9.95%	-13.73%	-1.15%
Return on Equity (ROE)	15.44%	17.42%	14.81%	0.20%	30.27%	31.37%	26.75%	29.15%	29.99%	22.98%
Cash Return on Invested Capital (CROIC)	37.63%	34.02%	23.19%	28.07%	37.16%	52.91%	19.66%	33.14%	55.81%	-50.94%
Operating Return on Assets (OROA)	10.07%	10.71%	9.39%	10.46%	13.67%	14.16%	13.60%	15.00%	15.10%	10.50%
Return on Assets (ROA)	8.22%	9.14%	7.64%	0.09%	11.25%	11.64%	11.01%	12.34%	12.88%	9.12%
Return on Common Equity (ROCE)	15.43%	17.42%	14.81%	0.20%	30.27%	31.37%	26.75%	29.15%	29.99%	22.98%
Return on Equity Simple (ROE_SIMPLE)	15.04%	16.89%	14.53%	0.25%	34.62%	29.57%	25.66%	29.70%	28.44%	22.70%
Net Operating Profit after Tax (NOPAT)	8,635	10,523	9,363	104	11,340	10,933	10,248	11,398	12,377	10,275
NOPAT Margin	17.57%	21.37%	19.51%	0.21%	21.85%	22.18%	20.57%	22.11%	21.71%	19.10%
Net Nonoperating Expense Percent (NNEP)	1.04%	0.60%	0.66%	0.02%	1.89%	2.38%	2.46%	3.64%	1.72%	1.92%
Cost of Revenue to Revenue	39.62%	37.13%	37.04%	37.96%	37.06%	35.74%	35.98%	37.45%	37.27%	35.27%
SG&A Expenses to Revenue	4.15%	3.68%	4.15%	4.35%	3.52%	3.90%	4.32%	4.08%	4.35%	5.23%
R&D to Revenue	12.63%	12.78%	12.62%	12.84%	12.67%	12.87%	13.15%	13.14%	13.25%	14.84%
Operating Expenses to Revenue	38.47%	37.16%	38.02%	37.09%	35.54%	36.64%	38.26%	35.45%	36.36%	42.09%
Earnings before Interest and Taxes (EBIT)	10,998	12,591	11,810	12,474	14,122	13,635	13,078	14,361	14,783	11,875
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13,440	14,741	14,096	14,666	16,019	15,443	14,940	16,318	16,509	14,382
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.82	1.88	1.92	3.86	6.17	4.57	5.16	4.43	4.64	4.24
Price to Tangible Book Value (P/TBV)	3.31	3.47	3.76	18.64	0.00	68.22	0.00	0.00	51.42	0.00
Price to Revenue (P/Rev)	2.21	2.43	2.65	3.38	3.99	3.51	4.27	3.42	3.61	3.59
Price to Earnings (P/E)	12.11	11.14	13.23	1,515.94	17.82	15.44	20.09	14.92	16.31	18.69
Dividend Yield	3.74%	3.95%	4.33%	3.50%	2.81%	3.46%	2.89%	3.52%	3.05%	4.14%
Earnings Yield	8.25%	8.97%	7.56%	0.07%	5.61%	6.48%	4.98%	6.70%	6.13%	5.35%
Enterprise Value to Invested Capital (EV/IC)	2.99	3.12	3.08	6.56	7.99	6.86	7.06	5.55	7.06	3.52
Enterprise Value to Revenue (EV/Rev)	1.50	1.68	1.88	2.96	3.82	3.21	4.01	3.23	3.30	3.83
Enterprise Value to EBITDA (EV/EBITDA)	5.49	5.60	6.41	9.94	12.38	10.25	13.37	10.20	11.38	14.32
Enterprise Value to EBIT (EV/EBIT)	6.71	6.56	7.65	11.69	14.04	11.61	15.28	11.59	12.71	17.35
Enterprise Value to NOPAT (EV/NOPAT)	8.54	7.84	9.65	1,403.82	17.49	14.48	19.49	14.61	15.18	20.05
Enterprise Value to Operating Cash Flow (EV/OCF)	5.88	6.08	6.51	10.67	12.53	10.26	12.93	12.59	9.45	18.93
Enterprise Value to Free Cash Flow (EV/FCFF)	7.83	9.49	13.96	20.13	22.69	12.49	39.57	17.24	11.89	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.45	0.51	0.59	0.73	0.38	0.28	0.24	0.19	0.68
Long-Term Debt to Equity	0.36	0.39	0.39	0.47	0.43	0.31	0.22	0.21	0.15	0.43
Financial Leverage	-0.57	-0.59	-0.57	-0.53	-0.39	-0.33	-0.35	-0.28	-0.33	-0.05
Leverage Ratio	1.88	1.91	1.94	2.18	2.69	2.69	2.43	2.36	2.33	2.52
Compound Leverage Factor	1.91	1.96	2.02	2.28	2.78	2.76	2.46	2.38	2.41	2.60
Debt to Total Capital	29.81%	31.06%	33.77%	37.18%	42.35%	27.78%	21.83%	19.30%	15.91%	40.52%
Short-Term Debt to Total Capital	4.58%	4.51%	8.00%	7.62%	17.50%	5.72%	4.75%	2.23%	3.29%	14.84%
Long-Term Debt to Total Capital	25.23%	26.55%	25.76%	29.56%	24.86%	22.05%	17.08%	17.08%	12.62%	25.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	70.18%	68.94%	66.23%	62.82%	57.65%	72.22%	78.17%	80.70%	84.09%	59.48%
Debt to EBITDA	1.89	1.94	2.39	1.74	1.54	0.94	0.77	0.58	0.51	2.15
Net Debt to EBITDA	-2.61	-2.52	-2.61	-1.43	-0.55	-0.96	-0.87	-0.60	-1.08	0.91
Long-Term Debt to EBITDA	1.60	1.66	1.83	1.39	0.90	0.75	0.60	0.52	0.40	1.36
Debt to NOPAT	2.94	2.72	3.60	246.23	2.18	1.33	1.12	0.83	0.68	3.01
Net Debt to NOPAT	-4.06	-3.53	-3.93	-202.03	-0.77	-1.36	-1.27	-0.86	-1.43	1.28
Long-Term Debt to NOPAT	2.48	2.33	2.75	195.79	1.28	1.06	0.88	0.74	0.54	1.91
Altman Z-Score	2.70	2.74	2.61	2.76	3.05	3.01	3.37	3.12	3.35	2.19
Noncontrolling Interest Sharing Ratio	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.13	3.16	3.03	2.29	1.51	1.72	1.49	1.43	1.38	0.91
Quick Ratio	3.00	3.05	2.92	2.11	1.39	1.58	1.32	1.16	1.13	0.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9,422	8,696	6,473	7,241	8,741	12,673	5,049	9,660	15,800	-21,692
Operating Cash Flow to CapEx	1,041.66%	1,228.05%	1,449.95%	1,763.35%	1,784.78%	2,610.15%	2,327.41%	2,772.75%	2,342.29%	1,623.88%
Free Cash Flow to Firm to Interest Expense	16.65	12.86	7.52	7.68	10.18	21.66	11.63	26.83	37.00	-21.56
Operating Cash Flow to Interest Expense	22.18	20.07	16.12	14.49	18.43	26.37	35.61	36.74	46.57	10.82
Operating Cash Flow Less CapEx to Interest Expense	20.05	18.44	15.00	13.67	17.40	25.36	34.08	35.41	44.58	10.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.42	0.38	0.41	0.50	0.51	0.52	0.54	0.58	0.48
Accounts Receivable Turnover	9.36	8.80	8.73	9.22	9.40	8.99	8.87	8.32	9.14	8.58
Inventory Turnover	12.11	12.86	12.55	10.82	11.92	13.22	12.62	9.36	6.84	5.41
Fixed Asset Turnover	14.93	14.40	14.06	15.59	17.91	18.81	20.80	23.79	27.93	25.77
Accounts Payable Turnover	18.24	16.93	14.57	11.39	9.71	8.24	7.83	8.32	9.25	8.22
Days Sales Outstanding (DSO)	38.98	41.47	41.79	39.59	38.84	40.58	41.17	43.85	39.95	42.53
Days Inventory Outstanding (DIO)	30.15	28.38	29.08	33.74	30.63	27.61	28.93	39.01	53.36	67.49
Days Payable Outstanding (DPO)	20.01	21.56	25.05	32.06	37.59	44.30	46.63	43.88	39.46	44.41
Cash Conversion Cycle (CCC)	49.12	48.30	45.82	41.27	31.87	23.88	23.46	38.97	53.85	65.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	24,645	26,472	29,362	22,225	24,824	23,084	28,283	30,021	26,598	58,565
Invested Capital Turnover	1.96	1.93	1.72	1.91	2.21	2.06	1.94	1.77	2.01	1.26
Increase / (Decrease) in Invested Capital	-787	1,827	2,890	-7,137	2,599	-1,740	5,199	1,738	-3,423	31,967
Enterprise Value (EV)	73,747	82,551	90,387	145,775	198,341	158,300	199,786	166,501	187,909	206,008
Market Capitalization	108,800	119,665	127,162	166,754	207,088	173,136	212,778	176,253	205,664	192,900
Book Value per Share	$11.74	$12.64	$13.23	$9.19	$7.84	$8.98	$9.79	$9.60	$10.88	$11.28
Tangible Book Value per Share	$6.46	$6.85	$6.77	$1.90	($0.50)	$0.60	($0.12)	($0.27)	$0.98	($6.06)
Total Capital	85,061	92,228	99,854	68,773	58,237	52,503	52,801	49,288	52,744	76,419
Total Debt	25,354	28,643	33,717	25,569	24,666	14,583	11,526	9,515	8,391	30,962
Total Long-Term Debt	21,457	24,483	25,725	20,331	14,475	11,578	9,018	8,416	6,658	19,621
Net Debt	-35,062	-37,113	-36,775	-20,979	-8,747	-14,836	-12,992	-9,752	-17,755	13,108
Capital Expenditures (CapEx)	1,205	1,105	957	775	887	591	664	477	849	670
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-6,563	-7,788	-6,380	-6,508	-7,179	-8,172	-9,155	-7,091	-12,374	-10,235
Debt-free Net Working Capital (DFNWC)	53,853	57,968	64,112	40,040	26,234	21,247	15,363	12,176	13,772	7,619
Net Working Capital (NWC)	49,956	53,808	56,120	34,802	16,043	18,242	12,855	11,077	12,039	-3,722
Net Nonoperating Expense (NNE)	-346	-216	-246	-6.16	-281	-281	-343	-414	-236	-45
Net Nonoperating Obligations (NNO)	-35,062	-37,113	-36,775	-20,979	-8,747	-14,836	-12,992	-9,752	-17,755	13,108
Total Depreciation and Amortization (D&A)	2,442	2,150	2,286	2,192	1,897	1,808	1,862	1,957	1,726	2,507
Debt-free, Cash-free Net Working Capital to Revenue	-13.35%	-15.81%	-13.29%	-13.19%	-13.83%	-16.58%	-18.38%	-13.75%	-21.71%	-19.02%
Debt-free Net Working Capital to Revenue	109.54%	117.71%	133.55%	81.17%	50.54%	43.10%	30.84%	23.62%	24.16%	14.16%
Net Working Capital to Revenue	101.62%	109.26%	116.90%	70.55%	30.91%	37.00%	25.80%	21.49%	21.12%	-6.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.76	$2.13	$1.92	$0.02	$2.63	$2.65	$2.51	$2.83	$3.08	$2.55
Adjusted Weighted Average Basic Shares Outstanding	5.10B	5.05B	5.01B	4.84B	4.42B	4.24B	4.22B	4.17B	4.09B	4.04B
Adjusted Diluted Earnings per Share	$1.75	$2.11	$1.90	$0.02	$2.61	$2.64	$2.50	$2.82	$3.07	$2.54
Adjusted Weighted Average Diluted Shares Outstanding	5.15B	5.09B	5.05B	4.88B	4.45B	4.25B	4.24B	4.19B	4.11B	4.06B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.63	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.06B	5.01B	4.95B	4.57B	4.25B	4.23B	4.22B	4.11B	4.05B	3.99B
Normalized Net Operating Profit after Tax (NOPAT)	9,023	10,746	9,955	8,867	11,597	11,319	10,956	11,402	12,814	10,941
Normalized NOPAT Margin	18.36%	21.82%	20.74%	17.97%	22.34%	22.96%	21.99%	22.12%	22.48%	20.34%
Pre Tax Income Margin	22.78%	26.24%	25.60%	26.43%	28.07%	28.34%	26.62%	28.08%	26.87%	22.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	19.43	18.63	13.72	13.23	16.44	23.31	30.13	39.89	34.62	11.80
NOPAT to Interest Expense	15.26	15.57	10.88	0.11	13.20	18.69	23.61	31.66	28.99	10.21
EBIT Less CapEx to Interest Expense	17.30	16.99	12.61	12.41	15.41	22.30	28.60	38.57	32.63	11.14
NOPAT Less CapEx to Interest Expense	13.13	13.93	9.76	-0.71	12.17	17.68	22.08	30.33	27.00	9.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	45.50%	44.23%	57.35%	5,425.45%	51.45%	53.65%	58.19%	52.69%	49.96%	61.86%
Augmented Payout Ratio	93.64%	80.63%	95.70%	21,377.27%	229.72%	77.36%	85.36%	117.79%	84.00%	117.94%

This table displays calculated financial ratios and metrics derived from Cisco Systems' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.18%	5.67%	6.86%	13.53%	16.04%	7.60%	-5.89%	-12.83%	-10.27%	-5.64%	9.38%
EBITDA Growth	-9.11%	-8.10%	-8.67%	0.02%	23.15%	20.23%	-9.68%	-28.51%	-28.24%	-30.61%	12.87%
EBIT Growth	-8.72%	-6.04%	-7.74%	0.74%	26.33%	23.11%	-10.48%	-42.67%	-40.42%	-42.79%	3.25%
NOPAT Growth	-1.75%	-2.91%	-7.10%	10.79%	33.05%	28.75%	-3.49%	-42.28%	-37.26%	-19.48%	1.48%
Net Income Growth	-6.45%	-10.40%	-6.73%	5.52%	40.60%	36.25%	-5.01%	-41.28%	-45.38%	-25.48%	-7.82%
EPS Growth	-4.23%	-7.14%	-5.63%	6.85%	42.65%	36.92%	-2.99%	-41.03%	-44.33%	-23.60%	-6.15%
Operating Cash Flow Growth	-18.36%	15.61%	92.56%	42.56%	62.25%	-40.16%	-82.95%	-23.91%	-37.48%	54.41%	177.35%
Free Cash Flow Firm Growth	147.08%	166.11%	208.67%	311.64%	558.34%	59.71%	-130.88%	-639.56%	-511.86%	-848.68%	-1,808.72%
Invested Capital Growth	6.15%	1.76%	-5.21%	-7.77%	-11.40%	-0.10%	13.73%	115.29%	120.19%	99.72%	85.54%
Revenue Q/Q Growth	2.08%	4.05%	-0.29%	7.20%	4.34%	-3.52%	-12.80%	-0.70%	7.40%	1.46%	1.08%
EBITDA Q/Q Growth	-10.44%	0.29%	-2.09%	13.74%	10.27%	-2.09%	-26.45%	-9.97%	10.68%	-5.32%	19.64%
EBIT Q/Q Growth	-10.49%	0.77%	-3.02%	15.17%	12.25%	-1.80%	-29.48%	-26.24%	16.64%	-5.70%	27.26%
NOPAT Q/Q Growth	-2.12%	-3.88%	-1.72%	19.83%	17.54%	-6.98%	-26.33%	-28.33%	27.77%	19.37%	-7.15%
Net Income Q/Q Growth	-7.52%	-5.15%	3.86%	15.83%	23.23%	-8.08%	-27.60%	-28.40%	14.63%	25.39%	-10.44%
EPS Q/Q Growth	-6.85%	-4.41%	3.08%	16.42%	24.36%	-8.25%	-26.97%	-29.23%	17.39%	25.93%	-10.29%
Operating Cash Flow Q/Q Growth	0.44%	7.75%	19.61%	10.13%	14.31%	-60.26%	-65.92%	391.46%	-6.07%	-1.85%	-38.79%
Free Cash Flow Firm Q/Q Growth	-18.46%	102.50%	91.19%	30.40%	30.40%	-50.88%	-136.96%	-2,178.73%	0.46%	10.70%	5.77%
Invested Capital Q/Q Growth	1.05%	-2.18%	-3.63%	-3.18%	-2.93%	10.30%	9.71%	83.29%	-0.72%	0.05%	1.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.25%	61.22%	62.00%	63.36%	64.12%	65.16%	64.24%	65.13%	64.37%	65.90%	65.12%
EBITDA Margin	29.08%	28.03%	27.52%	29.20%	30.86%	31.32%	26.42%	23.95%	24.68%	23.03%	27.26%
Operating Margin	26.21%	25.97%	24.22%	27.08%	27.97%	29.15%	24.20%	17.25%	19.19%	17.04%	22.25%
EBIT Margin	25.80%	24.99%	24.30%	26.11%	28.09%	28.59%	23.12%	17.17%	18.65%	17.33%	21.82%
Profit (Net Income) Margin	21.49%	19.59%	20.40%	22.04%	26.03%	24.80%	20.59%	14.85%	15.85%	19.59%	17.35%
Tax Burden Percent	82.41%	76.83%	81.20%	81.17%	88.53%	81.90%	83.33%	84.38%	90.23%	119.59%	84.10%
Interest Burden Percent	101.07%	102.03%	103.39%	104.02%	104.71%	105.94%	106.90%	102.48%	94.18%	94.50%	94.56%
Effective Tax Rate	17.59%	23.17%	18.80%	18.83%	11.47%	18.10%	16.67%	15.62%	9.77%	-19.59%	15.90%
Return on Invested Capital (ROIC)	38.20%	35.84%	35.96%	42.26%	49.86%	47.21%	38.17%	18.66%	21.88%	24.55%	22.06%
ROIC Less NNEP Spread (ROIC-NNEP)	38.33%	36.24%	35.08%	42.19%	48.46%	46.19%	37.77%	14.21%	30.50%	33.06%	-297.38%
Return on Net Nonoperating Assets (RNNOA)	-10.76%	-10.81%	-9.89%	-13.05%	-15.84%	-14.47%	-11.73%	-0.27%	-1.58%	-0.93%	-0.39%
Return on Equity (ROE)	27.44%	25.03%	26.07%	29.21%	34.02%	32.74%	26.44%	18.39%	20.30%	23.61%	21.68%
Cash Return on Invested Capital (CROIC)	33.14%	37.14%	43.58%	48.11%	55.81%	44.90%	30.33%	-46.05%	-50.94%	-44.75%	-38.91%
Operating Return on Assets (OROA)	13.89%	13.82%	13.59%	15.06%	16.35%	17.30%	13.43%	8.62%	8.87%	8.27%	10.62%
Return on Assets (ROA)	11.57%	10.84%	11.41%	12.72%	15.15%	15.01%	11.96%	7.46%	7.54%	9.34%	8.45%
Return on Common Equity (ROCE)	27.44%	25.03%	26.07%	29.21%	34.02%	32.74%	26.44%	18.39%	20.30%	23.61%	21.68%
Return on Equity Simple (ROE_SIMPLE)	0.00%	28.56%	27.25%	27.12%	0.00%	30.04%	29.06%	26.47%	0.00%	20.75%	20.18%
Net Operating Profit after Tax (NOPAT)	2,830	2,720	2,673	3,203	3,765	3,502	2,580	1,849	2,362	2,820	2,618
NOPAT Margin	21.60%	19.95%	19.67%	21.98%	24.76%	23.88%	20.17%	14.56%	17.32%	20.37%	18.71%
Net Nonoperating Expense Percent (NNEP)	-0.13%	-0.40%	0.88%	0.07%	1.40%	1.02%	0.40%	4.44%	-8.62%	-8.51%	319.44%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	4.46%	-	-	-	3.42%
Cost of Revenue to Revenue	38.75%	38.78%	38.00%	36.64%	35.88%	34.84%	35.76%	34.87%	35.63%	34.10%	34.88%
SG&A Expenses to Revenue	3.73%	4.14%	4.28%	4.40%	4.54%	4.58%	5.02%	5.79%	5.59%	5.74%	5.37%
R&D to Revenue	12.84%	13.06%	13.65%	13.47%	12.85%	13.04%	15.19%	15.34%	15.97%	16.52%	16.43%
Operating Expenses to Revenue	35.04%	35.26%	37.78%	36.28%	36.14%	36.00%	40.04%	47.88%	45.18%	48.86%	42.87%
Earnings before Interest and Taxes (EBIT)	3,380	3,406	3,303	3,804	4,270	4,193	2,957	2,181	2,544	2,399	3,053
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,810	3,821	3,741	4,255	4,692	4,594	3,379	3,042	3,367	3,188	3,814
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.43	4.41	4.59	4.40	4.64	4.48	4.44	4.20	4.24	4.91	5.44
Price to Tangible Book Value (P/TBV)	0.00	0.00	199.79	94.95	51.42	46.06	37.44	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.42	3.40	3.58	3.39	3.61	3.49	3.59	3.47	3.59	4.20	4.57
Price to Earnings (P/E)	14.92	15.44	16.83	16.22	16.31	14.91	15.28	15.86	18.69	23.68	26.98
Dividend Yield	3.52%	3.49%	3.28%	3.37%	3.05%	3.10%	3.09%	3.31%	4.14%	3.57%	3.21%
Earnings Yield	6.70%	6.48%	5.94%	6.16%	6.13%	6.71%	6.54%	6.31%	5.35%	4.22%	3.71%
Enterprise Value to Invested Capital (EV/IC)	5.55	5.68	6.26	6.25	7.06	6.36	5.94	3.48	3.52	4.02	4.39
Enterprise Value to Revenue (EV/Rev)	3.23	3.19	3.33	3.12	3.30	3.22	3.34	3.71	3.83	4.45	4.84
Enterprise Value to EBITDA (EV/EBITDA)	10.20	10.43	11.33	10.96	11.38	10.80	11.31	13.08	14.32	18.17	19.54
Enterprise Value to EBIT (EV/EBIT)	11.59	11.78	12.77	12.32	12.71	11.98	12.57	15.10	17.35	23.39	25.75
Enterprise Value to NOPAT (EV/NOPAT)	14.61	14.72	15.92	14.98	15.18	14.19	14.65	17.56	20.05	24.60	27.15
Enterprise Value to Operating Cash Flow (EV/OCF)	12.59	12.11	11.04	9.73	9.45	10.20	13.32	15.66	18.93	19.37	19.26
Enterprise Value to Free Cash Flow (EV/FCFF)	17.24	15.41	13.97	12.46	11.89	14.16	20.86	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.22	0.21	0.20	0.19	0.17	0.25	0.70	0.68	0.71	0.68
Long-Term Debt to Equity	0.21	0.19	0.18	0.16	0.15	0.15	0.14	0.44	0.43	0.43	0.43
Financial Leverage	-0.28	-0.30	-0.28	-0.31	-0.33	-0.31	-0.31	-0.02	-0.05	-0.03	0.00
Leverage Ratio	2.36	2.28	2.35	2.30	2.33	2.24	2.25	2.50	2.52	2.45	2.42
Compound Leverage Factor	2.39	2.32	2.43	2.39	2.44	2.38	2.40	2.57	2.37	2.32	2.29
Debt to Total Capital	19.30%	18.06%	17.65%	16.56%	15.91%	14.47%	20.06%	41.14%	40.52%	41.40%	40.54%
Short-Term Debt to Total Capital	2.23%	2.54%	2.48%	3.41%	3.29%	1.87%	8.53%	15.29%	14.84%	16.00%	14.91%
Long-Term Debt to Total Capital	17.08%	15.52%	15.16%	13.14%	12.62%	12.60%	11.53%	25.85%	25.68%	25.40%	25.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	80.70%	81.94%	82.35%	83.44%	84.09%	85.53%	79.94%	58.86%	59.48%	58.60%	59.46%
Debt to EBITDA	0.58	0.56	0.57	0.54	0.51	0.44	0.69	2.04	2.15	2.47	2.31
Net Debt to EBITDA	-0.60	-0.68	-0.84	-0.95	-1.08	-0.92	-0.83	0.84	0.91	1.03	1.06
Long-Term Debt to EBITDA	0.52	0.48	0.49	0.43	0.40	0.39	0.39	1.28	1.36	1.51	1.46
Debt to NOPAT	0.83	0.78	0.80	0.73	0.68	0.58	0.89	2.73	3.01	3.34	3.22
Net Debt to NOPAT	-0.86	-0.96	-1.19	-1.30	-1.43	-1.21	-1.08	1.13	1.28	1.39	1.47
Long-Term Debt to NOPAT	0.74	0.67	0.69	0.58	0.54	0.51	0.51	1.72	1.91	2.05	2.03
Altman Z-Score	2.74	2.84	2.90	2.86	3.01	3.19	3.08	1.98	1.94	2.16	2.44
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.43	1.45	1.41	1.39	1.38	1.47	1.37	0.89	0.91	0.88	0.87
Quick Ratio	1.16	1.16	1.13	1.11	1.13	1.18	1.10	0.68	0.69	0.65	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,092	2,211	4,227	5,512	7,188	3,531	-1,305	-29,741	-29,605	-26,436	-24,912
Operating Cash Flow to CapEx	2,645.32%	2,251.14%	2,787.65%	1,932.96%	2,560.52%	1,769.40%	475.29%	2,363.69%	1,883.84%	1,687.10%	1,067.14%
Free Cash Flow to Firm to Interest Expense	11.74	22.11	39.51	50.57	64.76	31.81	-10.88	-83.31	-70.82	-63.24	-61.66
Operating Cash Flow to Interest Expense	39.54	39.62	44.29	47.88	53.75	21.36	6.73	11.12	8.92	8.76	5.55
Operating Cash Flow Less CapEx to Interest Expense	38.04	37.86	42.70	45.40	51.65	20.15	5.32	10.65	8.45	8.24	5.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.55	0.56	0.58	0.58	0.61	0.58	0.50	0.48	0.48	0.49
Accounts Receivable Turnover	8.32	9.73	9.46	10.08	9.14	11.30	11.31	10.82	8.58	11.41	10.27
Inventory Turnover	9.36	8.78	7.79	7.32	6.84	7.02	6.45	5.94	5.41	5.73	6.16
Fixed Asset Turnover	23.79	24.84	25.91	26.82	27.93	29.19	28.84	27.36	25.77	25.93	27.11
Accounts Payable Turnover	8.32	8.63	9.14	8.82	9.25	9.58	9.81	8.71	8.22	9.11	10.07
Days Sales Outstanding (DSO)	43.85	37.50	38.59	36.19	39.95	32.30	32.27	33.73	42.53	32.00	35.55
Days Inventory Outstanding (DIO)	39.01	41.55	46.87	49.90	53.36	52.02	56.58	61.48	67.49	63.68	59.28
Days Payable Outstanding (DPO)	43.88	42.30	39.94	41.38	39.46	38.11	37.22	41.93	44.41	40.07	36.23
Cash Conversion Cycle (CCC)	38.97	36.75	45.52	44.71	53.85	46.21	51.63	53.27	65.62	55.62	58.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	30,021	29,366	28,300	27,401	26,598	29,337	32,185	58,991	58,565	58,593	59,715
Invested Capital Turnover	1.77	1.80	1.83	1.92	2.01	1.98	1.89	1.28	1.26	1.21	1.18
Increase / (Decrease) in Invested Capital	1,738	509	-1,554	-2,309	-3,423	-29	3,885	31,590	31,967	29,256	27,530
Enterprise Value (EV)	166,501	166,655	177,026	171,200	187,909	186,605	191,322	205,371	206,008	235,760	262,032
Market Capitalization	176,253	177,561	190,200	186,094	205,664	202,478	205,388	192,148	192,900	222,444	247,847
Book Value per Share	$9.60	$9.80	$10.10	$10.33	$10.88	$11.15	$11.38	$11.30	$11.28	$11.35	$11.43
Tangible Book Value per Share	($0.27)	($0.06)	$0.23	$0.48	$0.98	$1.08	$1.35	($6.10)	($6.06)	($6.07)	($5.86)
Total Capital	49,288	49,150	50,361	50,689	52,744	52,860	57,856	77,761	76,419	77,264	76,568
Total Debt	9,515	8,878	8,887	8,394	8,391	7,650	11,605	31,993	30,962	31,987	31,038
Total Long-Term Debt	8,416	7,629	7,637	6,663	6,658	6,660	6,669	20,102	19,621	19,623	19,625
Net Debt	-9,752	-10,906	-13,174	-14,894	-17,755	-15,873	-14,066	13,223	13,108	13,316	14,185
Capital Expenditures (CapEx)	139	176	170	270	233	134	170	168	198	217	210
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7,091	-7,290	-9,548	-10,326	-12,374	-9,909	-9,459	-11,101	-10,235	-11,097	-10,778
Debt-free Net Working Capital (DFNWC)	12,176	12,494	12,513	12,962	13,772	13,614	16,212	7,669	7,619	7,574	6,075
Net Working Capital (NWC)	11,077	11,245	11,263	11,231	12,039	12,624	11,276	-4,222	-3,722	-4,790	-5,338
Net Nonoperating Expense (NNE)	15	50	-100	-8.93	-193	-136	-54	-37	200	109	190
Net Nonoperating Obligations (NNO)	-9,752	-10,906	-13,174	-14,894	-17,755	-15,873	-14,066	13,223	13,108	13,316	14,185
Total Depreciation and Amortization (D&A)	430	415	438	451	422	401	422	861	823	789	761
Debt-free, Cash-free Net Working Capital to Revenue	-13.75%	-13.94%	-17.96%	-18.81%	-21.71%	-17.07%	-16.53%	-20.05%	-19.02%	-20.95%	-19.89%
Debt-free Net Working Capital to Revenue	23.62%	23.89%	23.54%	23.61%	24.16%	23.46%	28.33%	13.85%	14.16%	14.30%	11.21%
Net Working Capital to Revenue	21.49%	21.51%	21.19%	20.46%	21.12%	21.75%	19.70%	-7.63%	-6.92%	-9.04%	-9.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.68	$0.65	$0.68	$0.79	$0.96	$0.90	$0.65	$0.47	$0.53	$0.68	$0.61
Adjusted Weighted Average Basic Shares Outstanding	4.17B	4.11B	4.10B	4.09B	4.09B	4.06B	4.06B	4.04B	4.04B	3.99B	3.98B
Adjusted Diluted Earnings per Share	$0.68	$0.65	$0.67	$0.78	$0.97	$0.89	$0.65	$0.46	$0.54	$0.68	$0.61
Adjusted Weighted Average Diluted Shares Outstanding	4.19B	4.12B	4.12B	4.11B	4.11B	4.09B	4.07B	4.06B	4.06B	4.01B	4.01B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.11B	4.11B	4.10B	4.08B	4.05B	4.06B	4.05B	4.03B	3.99B	3.98B	3.98B
Normalized Net Operating Profit after Tax (NOPAT)	2,828	2,718	2,870	3,274	3,945	3,603	2,590	2,306	2,463	2,116	2,626
Normalized NOPAT Margin	21.59%	19.94%	21.12%	22.47%	25.95%	24.56%	20.25%	18.16%	18.06%	15.29%	18.77%
Pre Tax Income Margin	26.07%	25.49%	25.13%	27.16%	29.41%	30.28%	24.71%	17.60%	17.56%	16.38%	20.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	36.34	34.06	30.87	34.90	38.47	37.77	24.64	6.11	6.09	5.74	7.56
NOPAT to Interest Expense	30.43	27.20	24.98	29.39	33.92	31.55	21.50	5.18	5.65	6.75	6.48
EBIT Less CapEx to Interest Expense	34.85	32.30	29.28	32.42	36.37	36.57	23.23	5.64	5.61	5.22	7.04
NOPAT Less CapEx to Interest Expense	28.93	25.44	23.39	26.91	31.82	30.34	20.08	4.71	5.18	6.23	5.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	52.69%	54.10%	55.23%	54.75%	49.96%	46.55%	47.20%	52.55%	61.86%	68.09%	69.73%
Augmented Payout Ratio	117.79%	123.41%	93.66%	101.58%	84.00%	83.64%	84.67%	94.12%	117.94%	137.19%	140.76%

Frequently Asked Questions About Cisco Systems' Financials

When does Cisco Systems's financial year end?

According to the most recent income statement we have on file, Cisco Systems' fiscal year ends in July. Their fiscal year 2024 ended on July 27, 2024.

How has Cisco Systems' net income changed over the last 9 years?

Cisco Systems' net income appears to be on an upward trend, with a most recent value of $10.32 billion in 2024, rising from $8.98 billion in 2015. The previous period was $12.61 billion in 2023.

What is Cisco Systems's operating income?

Cisco Systems's total operating income in 2024 was $12.18 billion, based on the following breakdown:

Total Gross Profit: $34.83 billion
Total Operating Expenses: $22.65 billion

How has Cisco Systems revenue changed over the last 9 years?

Over the last 9 years, Cisco Systems' total revenue changed from $49.16 billion in 2015 to $53.80 billion in 2024, a change of 9.4%.

How much debt does Cisco Systems have?

Cisco Systems' total liabilities were at $78.96 billion at the end of 2024, a 37.3% increase from 2023, and a 47.1% increase since 2015.

How much cash does Cisco Systems have?

In the past 9 years, Cisco Systems' cash and equivalents has ranged from $6.88 billion in 2015 to $11.81 billion in 2020, and is currently $7.51 billion as of their latest financial filing in 2024.

How has Cisco Systems' book value per share changed over the last 9 years?

Over the last 9 years, Cisco Systems' book value per share changed from 11.74 in 2015 to 11.28 in 2024, a change of -3.9%.

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This page (NASDAQ:CSCO) was last updated on 4/15/2025 by MarketBeat.com Staff

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