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Cisco Systems (CSCO) Financials

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$63.42 -0.50 (-0.78%)
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Annual Income Statements for Cisco Systems

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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 7/27/2024 7/29/2023 7/30/2022 7/31/2021 7/25/2020 7/27/2019 7/28/2018 7/29/2017 7/30/2016 7/25/2015
Net Income / (Loss) Attributable to Common Shareholders		 10,320 12,613 11,812 10,591 11,214 11,621 110 9,609 10,739 8,981
Consolidated Net Income / (Loss)		 10,320 12,613 11,812 10,591 11,214 11,621 110 9,609 10,739 8,981
Net Income / (Loss) Continuing Operations		 10,320 12,613 11,812 10,591 11,214 11,621 110 9,609 10,739 8,981
Total Pre-Tax Income 		12,234 15,318 14,477 13,262 13,970 14,571 13,039 12,287 12,920 11,201
Total Operating Income		 12,181 15,031 13,969 12,833 13,620 14,219 12,309 11,973 12,660 10,770
Total Gross Profit		 34,828 35,753 32,248 31,894 31,683 32,666 30,606 30,224 30,960 29,681
Total Revenue		 53,803 56,998 51,557 49,818 49,301 51,904 49,330 48,005 49,247 49,161
Operating Revenue		 53,803 56,998 51,557 49,818 49,301 51,904 49,330 48,005 49,247 49,161
Total Cost of Revenue		 18,975 21,245 19,309 17,924 17,618 19,238 18,724 17,781 18,287 19,480
Operating Cost of Revenue		 18,975 21,245 19,309 17,924 17,618 19,238 18,724 17,781 18,287 19,480
Total Operating Expenses		 22,647 20,722 18,279 19,061 18,063 18,447 18,297 18,251 18,300 18,911
Selling, General & Admin Expense		 2,813 2,478 2,101 2,152 1,925 1,827 2,144 1,993 1,814 2,040
Marketing Expense		 10,364 9,880 9,085 9,259 9,169 9,571 9,242 9,184 9,619 9,821
Research & Development Expense		 7,983 7,551 6,774 6,549 6,347 6,577 6,332 6,059 6,296 6,207
Amortization Expense		 698 282 313 215 141 150 221 259 303 359
Restructuring Charge		 789 531 6.00 886 481 322 358 756 268 484
Total Other Income / (Expense), net		 53 287 508 429 350 352 730 314 260 431
Interest Expense		 1,006 427 360 434 585 859 943 861 676 566
Interest & Investment Income		 1,365 962 476 618 920 1,308 1,508 1,338 1,005 769
Other Income / (Expense), net		 -306 -248 392 245 15 -97 165 -163 -69 228
Income Tax Expense		 1,914 2,705 2,665 2,671 2,756 2,950 12,929 2,678 2,181 2,220
Basic Earnings per Share		 $2.55 $3.08 $2.83 $2.51 $2.65 $2.63 $0.02 $1.92 $2.13 $1.76
Weighted Average Basic Shares Outstanding		 4.04B 4.09B 4.17B 4.22B 4.24B 4.42B 4.84B 5.01B 5.05B 5.10B
Diluted Earnings per Share		 $2.54 $3.07 $2.82 $2.50 $2.64 $2.61 $0.02 $1.90 $2.11 $1.75
Weighted Average Diluted Shares Outstanding		 4.06B 4.11B 4.19B 4.24B 4.25B 4.45B 4.88B 5.05B 5.09B 5.15B
Weighted Average Basic & Diluted Shares Outstanding		 3.99B 4.05B 4.11B 4.22B 4.23B 4.25B 5.50B 5.00B 5.04B 5.10B
Cash Dividends to Common per Share		 $1.58 $1.54 $1.50 $1.46 $1.42 $1.36 $1.24 $1.10 $0.94 $0.80

Quarterly Income Statements for Cisco Systems

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

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 1/25/2025 10/26/2024 7/27/2024 4/27/2024 1/27/2024 10/28/2023 7/29/2023 4/29/2023 1/28/2023 10/29/2022 7/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 2,428 2,711 2,162 1,886 2,634 3,638 3,958 3,212 2,773 2,670 2,815
Consolidated Net Income / (Loss)		 2,428 2,711 2,162 1,886 2,634 3,638 3,958 3,212 2,773 2,670 2,815
Net Income / (Loss) Continuing Operations		 2,428 2,711 2,162 1,886 2,634 3,638 3,958 3,212 2,773 2,670 2,815
Total Pre-Tax Income 		2,887 2,267 2,396 2,235 3,161 4,442 4,471 3,957 3,415 3,475 3,416
Total Operating Income		 3,113 2,358 2,618 2,191 3,096 4,276 4,253 3,946 3,292 3,540 3,434
Total Gross Profit		 9,111 9,121 8,781 8,273 8,217 9,557 9,748 9,232 8,427 8,346 8,025
Total Revenue		 13,991 13,841 13,642 12,702 12,791 14,668 15,203 14,571 13,592 13,632 13,102
Operating Revenue		 13,991 13,841 13,642 12,702 12,791 14,668 15,203 14,571 13,592 13,632 13,102
Total Cost of Revenue		 4,880 4,720 4,861 4,429 4,574 5,111 5,455 5,339 5,165 5,286 5,077
Operating Cost of Revenue		 4,880 4,720 4,861 4,429 4,574 5,111 5,455 5,339 5,165 5,286 5,077
Total Operating Expenses		 5,998 6,763 6,163 6,082 5,121 5,281 5,495 5,286 5,135 4,806 4,591
Selling, General & Admin Expense		 752 795 763 736 642 672 690 641 582 565 489
Marketing Expense		 2,672 2,752 2,841 2,559 2,458 2,506 2,579 2,526 2,384 2,391 2,349
Research & Development Expense		 2,299 2,286 2,179 1,948 1,943 1,913 1,953 1,962 1,855 1,781 1,682
Amortization Expense		 265 265 268 297 66 67 70 70 71 71 73
Restructuring Charge		 10 665 112 542 12 123 203 87 243 -2.00 -2.00
Total Other Income / (Expense), net		 -226 -91 -222 44 65 166 218 11 123 -65 -18
Interest Expense		 404 418 418 357 120 111 111 109 107 100 93
Interest & Investment Income		 238 286 270 411 324 360 312 262 219 169 129
Other Income / (Expense), net		 -60 41 -74 -10 -139 -83 17 -142 11 -134 -54
Income Tax Expense		 459 -444 234 349 527 804 513 745 642 805 601
Basic Earnings per Share		 $0.61 $0.68 $0.53 $0.47 $0.65 $0.90 $0.96 $0.79 $0.68 $0.65 $0.68
Weighted Average Basic Shares Outstanding		 3.98B 3.99B 4.04B 4.04B 4.06B 4.06B 4.09B 4.09B 4.10B 4.11B 4.17B
Diluted Earnings per Share		 $0.61 $0.68 $0.54 $0.46 $0.65 $0.89 $0.97 $0.78 $0.67 $0.65 $0.68
Weighted Average Diluted Shares Outstanding		 4.01B 4.01B 4.06B 4.06B 4.07B 4.09B 4.11B 4.11B 4.12B 4.12B 4.19B
Weighted Average Basic & Diluted Shares Outstanding		 3.98B 3.98B 3.99B 4.03B 4.05B 4.06B 4.05B 4.08B 4.10B 4.11B 4.11B
Cash Dividends to Common per Share		 $0.40 $0.40 - $0.40 $0.39 $0.39 - $0.39 $0.38 $0.38 -

Annual Cash Flow Statements for Cisco Systems

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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 7/27/2024 7/29/2023 7/30/2022 7/31/2021 7/25/2020 7/27/2019 7/28/2018 7/29/2017 7/30/2016 7/25/2015
Net Change in Cash & Equivalents		 -2,785 3,048 -1,363 -1,870 40 2,779 -2,780 4,034 754 151
Net Cash From Operating Activities		 10,880 19,886 13,226 15,454 15,426 15,831 13,666 13,876 13,570 12,552
Net Cash From Continuing Operating Activities		 10,880 19,886 13,226 15,454 15,426 15,831 13,666 13,876 13,570 12,552
Net Income / (Loss) Continuing Operations		 10,320 12,613 11,812 10,591 11,214 11,621 110 9,609 10,739 8,981
Consolidated Net Income / (Loss)		 10,320 12,613 11,812 10,591 11,214 11,621 110 9,609 10,739 8,981
Depreciation Expense		 2,507 1,726 1,957 1,862 1,808 1,897 2,192 2,286 2,150 2,442
Non-Cash Adjustments To Reconcile Net Income		 3,323 2,590 1,488 1,401 1,524 1,586 1,120 1,519 1,003 1,188
Changes in Operating Assets and Liabilities, net		 -5,270 2,957 -2,031 1,600 880 727 10,244 462 -322 -59
Net Cash From Investing Activities		 -20,478 -5,107 1,553 -5,285 3,500 14,837 15,318 -6,036 -8,117 -10,088
Net Cash From Continuing Investing Activities		 -20,478 -5,107 1,553 -5,285 3,500 14,837 15,318 -6,036 -8,117 -10,088
Purchase of Property, Plant & Equipment		 -670 -849 -477 -692 -770 -909 -834 -964 -1,146 -1,227
Acquisitions		 -25,994 -301 -373 -7,038 -327 -2,175 -2,979 -3,324 -3,161 -326
Purchase of Investments		 -4,514 -11,056 -6,256 -9,503 -9,402 -2,564 -14,552 -42,924 -47,016 -44,197
Sale and/or Maturity of Investments		 10,705 7,122 8,583 11,976 13,830 20,475 33,643 41,173 42,984 35,818
Other Investing Activities, net		 -5.00 -23 76 -56 -10 -12 -19 -4.00 -191 -178
Net Cash From Financing Activities		 6,844 -11,626 -15,962 -12,097 -18,856 -27,889 -31,764 -3,806 -4,699 -2,313
Net Cash From Continuing Financing Activities		 6,844 -11,626 -15,962 -12,097 -18,856 -27,889 -31,764 -3,806 -4,699 -2,313
Repayment of Debt		 -13,003 -532 -3,672 -3,059 -6,639 -6,780 -15,046 -4,329 -3,713 -522
Repurchase of Common Equity		 -5,787 -4,293 -7,689 -2,877 -2,659 -20,717 -17,547 -3,685 -3,909 -4,324
Payment of Dividends		 -6,384 -6,302 -6,224 -6,163 -6,016 -5,979 -5,968 -5,511 -4,750 -4,086
Issuance of Debt		 32,296 -602 1,655 -5.00 -3,470 5,809 6,877 9,477 6,974 4,977
Issuance of Common Equity		 714 700 660 643 655 640 623 708 1,127 2,016
Other Financing Activities, net		 -992 -597 -692 -636 -727 -862 -703 -466 -428 -374
Effect of Exchange Rate Changes		 -31 -105 -180 58 -30 - - - - -
Cash Interest Paid		 583 376 355 438 603 892 911 897 859 760
Cash Income Taxes Paid		 7,426 3,571 3,663 3,604 3,116 2,986 3,911 2,742 2,675 2,190

Quarterly Cash Flow Statements for Cisco Systems

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 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 1/25/2025 10/26/2024 7/27/2024 4/27/2024 1/27/2024 10/28/2023 7/29/2023 4/29/2023 1/28/2023 10/29/2022 7/30/2022
Net Change in Cash & Equivalents		 -700 1,366 -1,597 -4,779 4,113 -522 2,081 -963 1,717 213 870
Net Cash From Operating Activities		 2,241 3,661 3,730 3,971 808 2,371 5,966 5,219 4,739 3,962 3,677
Net Cash From Continuing Operating Activities		 2,241 3,661 3,730 3,971 812 2,367 5,966 5,219 4,739 3,962 3,677
Net Income / (Loss) Continuing Operations		 2,428 2,711 2,162 1,886 2,634 3,638 3,958 3,212 2,773 2,670 2,815
Consolidated Net Income / (Loss)		 2,428 2,711 2,162 1,886 2,634 3,638 3,958 3,212 2,773 2,670 2,815
Depreciation Expense		 761 789 823 861 422 401 422 451 438 415 430
Non-Cash Adjustments To Reconcile Net Income		 984 766 806 837 930 750 616 762 578 634 502
Changes in Operating Assets and Liabilities, net		 -1,932 -605 -61 387 -3,174 -2,422 970 794 950 243 -70
Net Cash From Investing Activities		 1,022 479 -828 -22,815 2,213 952 -1,220 -2,594 -494 -799 869
Net Cash From Continuing Investing Activities		 1,022 479 -828 -22,815 2,213 952 -1,220 -2,594 -494 -799 869
Purchase of Property, Plant & Equipment		 -210 -217 -198 -168 -170 -134 -233 -270 -170 -176 -139
Acquisitions		 -40 -217 -120 -24,996 -2.00 -876 -205 -93 -3.00 0.00 -
Purchase of Investments		 -581 -1,817 -1,388 -823 -440 -1,863 -3,242 -3,947 -1,876 -1,991 -715
Sale and/or Maturity of Investments		 1,857 2,731 881 3,173 2,827 3,824 2,459 1,721 1,554 1,388 1,638
Other Investing Activities, net		 -4.00 -1.00 -3.00 -1.00 -2.00 1.00 1.00 -5.00 1.00 -20 91
Net Cash From Financing Activities		 -3,945 -2,784 -4,507 14,072 1,079 -3,800 -2,650 -3,495 -2,626 -2,855 -3,618
Net Cash From Continuing Financing Activities		 -3,945 -2,784 -4,507 14,072 1,079 -3,800 -2,650 -3,495 -2,626 -2,855 -3,618
Repayment of Debt		 -6,560 -4,824 -7,616 -4,630 10 -767 -28 -499 24 -29 -514
Repurchase of Common Equity		 -1,240 -2,003 -2,015 -1,268 -1,204 -1,300 -1,264 -1,269 -1,204 -556 -2,342
Payment of Dividends		 -1,593 -1,592 -1,606 -1,615 -1,583 -1,580 -1,589 -1,593 -1,560 -1,560 -1,567
Issuance of Debt		 5,618 5,800 6,590 21,771 3,935 0.00 - - - -602 597
Other Financing Activities, net		 -490 -165 -227 -184 -428 -153 -153 -134 -202 -108 -146
Effect of Exchange Rate Changes		 -18 10 8.00 -7.00 13 -45 -15 -93 98 -95 -58
Cash Interest Paid		 224 545 233 147 75 128 70 128 64 114 63
Cash Income Taxes Paid		 2,039 643 276 346 3,714 3,090 1,157 242 1,022 1,150 703

Annual Balance Sheets for Cisco Systems

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

Quarterly Balance Sheets for Cisco Systems

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 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 1/25/2025 10/26/2024 7/27/2024 4/27/2024 1/27/2024 10/28/2023 7/29/2023 4/29/2023 1/28/2023 10/29/2022 7/30/2022
Total Assets		 121,375 123,333 124,413 122,998 101,174 98,782 101,852 97,529 95,840 93,054 94,002
Total Current Assets		 34,681 35,752 36,862 35,886 42,127 39,659 43,348 39,950 38,515 36,141 36,717
Cash & Equivalents		 8,556 9,065 7,508 8,913 13,715 9,602 10,123 8,044 9,009 7,292 7,079
Short-Term Investments		 8,297 9,606 10,346 9,857 11,956 13,921 16,023 15,244 13,052 12,492 12,188
Note & Lease Receivable		 3,074 3,123 3,338 3,443 3,476 3,414 3,352 3,402 3,557 3,683 3,905
Accounts Receivable		 5,669 4,457 6,685 5,127 4,884 4,833 5,854 5,104 5,237 5,439 6,622
Inventories, net		 2,927 3,143 3,373 3,118 3,209 3,342 3,644 3,474 3,140 2,664 2,568
Other Current Assets		 6,158 6,358 5,612 5,428 4,887 4,547 4,352 4,682 4,520 4,571 4,355
Plant, Property, & Equipment, net		 1,992 2,082 2,090 2,000 2,005 2,004 2,085 2,047 1,964 1,972 1,997
Total Noncurrent Assets		 84,702 85,499 85,461 85,112 57,042 57,119 56,419 55,532 55,361 54,941 55,288
Noncurrent Note & Lease Receivables		 3,240 3,411 3,376 3,251 3,364 3,324 3,483 3,393 3,554 3,618 4,009
Goodwill		 58,719 58,774 58,660 58,633 39,087 38,900 38,535 38,369 38,388 38,160 38,304
Intangible Assets		 10,139 10,744 11,219 11,819 1,678 1,914 1,818 1,966 2,134 2,360 2,569
Noncurrent Deferred & Refundable Income Taxes		 6,591 6,514 6,262 5,527 7,338 7,102 6,576 5,817 5,321 4,891 4,449
Other Noncurrent Operating Assets		 6,013 6,056 5,944 5,882 5,575 5,879 6,007 5,987 5,964 5,912 5,957
Total Liabilities & Shareholders' Equity		 121,375 123,333 124,413 122,998 101,174 98,782 101,852 97,529 95,840 93,054 94,002
Total Liabilities		 75,845 78,056 78,956 77,230 54,923 53,572 57,499 55,234 54,366 52,782 54,229
Total Current Liabilities		 40,019 40,542 40,584 40,108 30,851 27,035 31,309 28,719 27,252 24,896 25,640
Short-Term Debt		 11,413 12,364 11,341 11,891 4,936 990 1,733 1,731 1,250 1,249 1,099
Accounts Payable		 1,902 1,996 2,304 2,054 1,848 2,084 2,313 2,442 2,329 2,316 2,281
Current Deferred Revenue		 15,999 15,615 16,249 15,751 14,011 13,812 13,908 13,249 13,109 12,578 12,784
Current Deferred & Payable Income Tax Liabilities		 1,884 2,096 1,439 1,867 1,876 2,380 4,235 3,132 2,200 890 961
Current Employee Benefit Liabilities		 3,299 2,861 3,608 3,211 3,216 3,039 3,984 3,352 3,187 2,907 3,316
Other Current Liabilities		 5,522 5,610 5,643 5,334 4,964 4,730 5,136 4,813 5,177 4,956 5,199
Total Noncurrent Liabilities		 35,826 37,514 38,372 37,122 24,072 26,537 26,190 26,515 27,114 27,886 28,589
Long-Term Debt		 19,625 19,623 19,621 20,102 6,669 6,660 6,658 6,663 7,637 7,629 8,416
Noncurrent Deferred Revenue		 13,552 15,254 16,211 14,593 15,150 17,637 17,398 17,736 17,427 18,276 18,205
Other Noncurrent Operating Liabilities		 2,649 2,637 2,540 2,427 2,253 2,240 2,134 2,116 2,050 1,981 1,968
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		 45,530 45,277 45,457 45,768 46,251 45,210 44,353 42,295 41,474 40,272 39,773
Total Preferred & Common Equity		 45,530 45,277 45,457 45,768 46,251 45,210 44,353 42,295 41,474 40,272 39,773
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		 45,530 45,277 45,457 45,768 46,251 45,210 44,353 42,295 41,474 40,272 39,773
Common Stock		 46,521 45,991 45,800 45,343 45,002 44,546 44,289 43,639 43,424 42,984 42,714
Retained Earnings		 502 662 1,087 2,055 2,761 2,689 1,639 262 -364 -594 -1,319
Accumulated Other Comprehensive Income / (Loss)		 -1,493 -1,376 -1,430 -1,630 -1,512 -2,025 -1,575 -1,606 -1,586 -2,118 -1,622

Annual Metrics And Ratios for Cisco Systems

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

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 7/27/2024 7/29/2023 7/30/2022 7/31/2021 7/25/2020 7/27/2019 7/28/2018 7/29/2017 7/30/2016 7/25/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -5.61% 10.55% 3.49% 1.05% -5.02% 5.22% 2.76% -2.52% 0.17% 4.28%
EBITDA Growth		 -12.88% 1.17% 9.22% -3.26% -3.60% 9.23% 4.04% -4.38% 9.68% 11.75%
EBIT Growth		 -19.67% 2.94% 9.81% -4.09% -3.45% 13.21% 5.62% -6.20% 14.48% 14.71%
NOPAT Growth		 -16.98% 8.59% 11.21% -6.26% -3.59% 10,820.74% -98.89% -11.02% 21.86% 14.32%
Net Income Growth		 -18.18% 6.78% 11.53% -5.56% -3.50% 10,464.55% -98.86% -10.52% 19.57% 14.36%
EPS Growth		 -17.26% 8.87% 12.80% -5.30% 1.15% 12,950.00% -98.95% -9.95% 20.57% 17.45%
Operating Cash Flow Growth		 -45.29% 50.36% -14.42% 0.18% -2.56% 15.84% -1.51% 2.26% 8.11% 1.78%
Free Cash Flow Firm Growth		 -237.29% 63.57% 91.30% -60.16% 44.98% 20.72% 11.85% -25.56% -7.71% 37.54%
Invested Capital Growth		 120.19% -11.40% 6.15% 22.52% -7.01% 11.69% -24.31% 10.92% 7.41% -3.09%
Revenue Q/Q Growth		 -2.82% 3.83% -0.05% 1.99% -2.52% 1.14% 1.46% -1.04% -0.41% 1.00%
EBITDA Q/Q Growth		 -8.44% 5.64% -2.29% -12.93% 17.89% 0.55% 2.51% -1.98% 2.72% 1.12%
EBIT Q/Q Growth		 -12.69% 6.41% -2.20% 3.69% -2.61% 1.00% 3.49% -2.15% 3.54% 1.23%
NOPAT Q/Q Growth		 -12.17% 8.29% -0.45% 2.93% 3.58% -10.59% 108.61% -4.37% 4.57% 1.29%
Net Income Q/Q Growth		 -14.82% 9.97% -1.62% 3.65% 3.99% -12.08% 108.67% -3.89% 4.82% 0.81%
EPS Q/Q Growth		 -14.48% 10.43% -1.05% 3.31% 4.35% -8.42% 107.41% -4.04% 3.94% 2.34%
Operating Cash Flow Q/Q Growth		 -17.05% 13.01% -5.88% -59.33% 300.81% -0.99% 0.73% 1.34% -2.30% 4.37%
Free Cash Flow Firm Q/Q Growth		 -9.05% 15.01% -2.40% 0.65% -4.00% 22.73% -13.49% -11.97% 8.15% 1.03%
Invested Capital Q/Q Growth		 -0.72% -2.93% 1.05% 0.44% -0.58% -4.02% 9.47% -1.73% -3.53% -3.04%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 64.73% 62.73% 62.55% 64.02% 64.26% 62.94% 62.04% 62.96% 62.87% 60.38%
EBITDA Margin		 26.73% 28.96% 31.65% 29.99% 31.32% 30.86% 29.73% 29.36% 29.93% 27.34%
Operating Margin		 22.64% 26.37% 27.09% 25.76% 27.63% 27.39% 24.95% 24.94% 25.71% 21.91%
EBIT Margin		 22.07% 25.94% 27.85% 26.25% 27.66% 27.21% 25.29% 24.60% 25.57% 22.37%
Profit (Net Income) Margin		 19.18% 22.13% 22.91% 21.26% 22.75% 22.39% 0.22% 20.02% 21.81% 18.27%
Tax Burden Percent		 84.36% 82.34% 81.59% 79.86% 80.27% 79.75% 0.84% 78.20% 83.12% 80.18%
Interest Burden Percent		 103.02% 103.62% 100.81% 101.41% 102.46% 103.18% 104.53% 104.04% 102.61% 101.85%
Effective Tax Rate		 15.64% 17.66% 18.41% 20.14% 19.73% 20.25% 99.16% 21.80% 16.88% 19.82%
Return on Invested Capital (ROIC)		 24.13% 43.72% 39.10% 39.90% 45.64% 48.21% 0.40% 33.54% 41.17% 34.49%
ROIC Less NNEP Spread (ROIC-NNEP)		 22.21% 42.00% 35.45% 37.44% 43.26% 46.32% 0.38% 32.88% 40.57% 33.45%
Return on Net Nonoperating Assets (RNNOA)		 -1.15% -13.73% -9.95% -13.16% -14.27% -17.93% -0.20% -18.73% -23.75% -19.05%
Return on Equity (ROE)		 22.98% 29.99% 29.15% 26.75% 31.37% 30.27% 0.20% 14.81% 17.42% 15.44%
Cash Return on Invested Capital (CROIC)		 -50.94% 55.81% 33.14% 19.66% 52.91% 37.16% 28.07% 23.19% 34.02% 37.63%
Operating Return on Assets (OROA)		 10.50% 15.10% 15.00% 13.60% 14.16% 13.67% 10.46% 9.39% 10.71% 10.07%
Return on Assets (ROA)		 9.12% 12.88% 12.34% 11.01% 11.64% 11.25% 0.09% 7.64% 9.14% 8.22%
Return on Common Equity (ROCE)		 22.98% 29.99% 29.15% 26.75% 31.37% 30.27% 0.20% 14.81% 17.42% 15.43%
Return on Equity Simple (ROE_SIMPLE)		 22.70% 28.44% 29.70% 25.66% 29.57% 34.62% 0.25% 14.53% 16.89% 15.04%
Net Operating Profit after Tax (NOPAT)		 10,275 12,377 11,398 10,248 10,933 11,340 104 9,363 10,523 8,635
NOPAT Margin		 19.10% 21.71% 22.11% 20.57% 22.18% 21.85% 0.21% 19.51% 21.37% 17.57%
Net Nonoperating Expense Percent (NNEP)		 1.92% 1.72% 3.64% 2.46% 2.38% 1.89% 0.02% 0.66% 0.60% 1.04%
Cost of Revenue to Revenue		 35.27% 37.27% 37.45% 35.98% 35.74% 37.06% 37.96% 37.04% 37.13% 39.62%
SG&A Expenses to Revenue		 5.23% 4.35% 4.08% 4.32% 3.90% 3.52% 4.35% 4.15% 3.68% 4.15%
R&D to Revenue		 14.84% 13.25% 13.14% 13.15% 12.87% 12.67% 12.84% 12.62% 12.78% 12.63%
Operating Expenses to Revenue		 42.09% 36.36% 35.45% 38.26% 36.64% 35.54% 37.09% 38.02% 37.16% 38.47%
Earnings before Interest and Taxes (EBIT)		 11,875 14,783 14,361 13,078 13,635 14,122 12,474 11,810 12,591 10,998
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 14,382 16,509 16,318 14,940 15,443 16,019 14,666 14,096 14,741 13,440
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 4.24 4.64 4.43 5.16 4.57 6.17 3.86 1.92 1.88 1.82
Price to Tangible Book Value (P/TBV)		 0.00 51.42 0.00 0.00 68.22 0.00 18.64 3.76 3.47 3.31
Price to Revenue (P/Rev)		 3.59 3.61 3.42 4.27 3.51 3.99 3.38 2.65 2.43 2.21
Price to Earnings (P/E)		 18.69 16.31 14.92 20.09 15.44 17.82 1,515.94 13.23 11.14 12.11
Dividend Yield		 4.14% 3.05% 3.52% 2.89% 3.46% 2.81% 3.50% 4.33% 3.95% 3.74%
Earnings Yield		 5.35% 6.13% 6.70% 4.98% 6.48% 5.61% 0.07% 7.56% 8.97% 8.25%
Enterprise Value to Invested Capital (EV/IC)		 3.52 7.06 5.55 7.06 6.86 7.99 6.56 3.08 3.12 2.99
Enterprise Value to Revenue (EV/Rev)		 3.83 3.30 3.23 4.01 3.21 3.82 2.96 1.88 1.68 1.50
Enterprise Value to EBITDA (EV/EBITDA)		 14.32 11.38 10.20 13.37 10.25 12.38 9.94 6.41 5.60 5.49
Enterprise Value to EBIT (EV/EBIT)		 17.35 12.71 11.59 15.28 11.61 14.04 11.69 7.65 6.56 6.71
Enterprise Value to NOPAT (EV/NOPAT)		 20.05 15.18 14.61 19.49 14.48 17.49 1,403.82 9.65 7.84 8.54
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.93 9.45 12.59 12.93 10.26 12.53 10.67 6.51 6.08 5.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 11.89 17.24 39.57 12.49 22.69 20.13 13.96 9.49 7.83
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.68 0.19 0.24 0.28 0.38 0.73 0.59 0.51 0.45 0.42
Long-Term Debt to Equity		 0.43 0.15 0.21 0.22 0.31 0.43 0.47 0.39 0.39 0.36
Financial Leverage		 -0.05 -0.33 -0.28 -0.35 -0.33 -0.39 -0.53 -0.57 -0.59 -0.57
Leverage Ratio		 2.52 2.33 2.36 2.43 2.69 2.69 2.18 1.94 1.91 1.88
Compound Leverage Factor		 2.60 2.41 2.38 2.46 2.76 2.78 2.28 2.02 1.96 1.91
Debt to Total Capital		 40.52% 15.91% 19.30% 21.83% 27.78% 42.35% 37.18% 33.77% 31.06% 29.81%
Short-Term Debt to Total Capital		 14.84% 3.29% 2.23% 4.75% 5.72% 17.50% 7.62% 8.00% 4.51% 4.58%
Long-Term Debt to Total Capital		 25.68% 12.62% 17.08% 17.08% 22.05% 24.86% 29.56% 25.76% 26.55% 25.23%
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		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
Common Equity to Total Capital		 59.48% 84.09% 80.70% 78.17% 72.22% 57.65% 62.82% 66.23% 68.94% 70.18%
Debt to EBITDA		 2.15 0.51 0.58 0.77 0.94 1.54 1.74 2.39 1.94 1.89
Net Debt to EBITDA		 0.91 -1.08 -0.60 -0.87 -0.96 -0.55 -1.43 -2.61 -2.52 -2.61
Long-Term Debt to EBITDA		 1.36 0.40 0.52 0.60 0.75 0.90 1.39 1.83 1.66 1.60
Debt to NOPAT		 3.01 0.68 0.83 1.12 1.33 2.18 246.23 3.60 2.72 2.94
Net Debt to NOPAT		 1.28 -1.43 -0.86 -1.27 -1.36 -0.77 -202.03 -3.93 -3.53 -4.06
Long-Term Debt to NOPAT		 1.91 0.54 0.74 0.88 1.06 1.28 195.79 2.75 2.33 2.48
Altman Z-Score		 2.19 3.35 3.12 3.37 3.01 3.05 2.76 2.61 2.74 2.70
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.91 1.38 1.43 1.49 1.72 1.51 2.29 3.03 3.16 3.13
Quick Ratio		 0.69 1.13 1.16 1.32 1.58 1.39 2.11 2.92 3.05 3.00
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -21,692 15,800 9,660 5,049 12,673 8,741 7,241 6,473 8,696 9,422
Operating Cash Flow to CapEx		 1,623.88% 2,342.29% 2,772.75% 2,327.41% 2,610.15% 1,784.78% 1,763.35% 1,449.95% 1,228.05% 1,041.66%
Free Cash Flow to Firm to Interest Expense		 -21.56 37.00 26.83 11.63 21.66 10.18 7.68 7.52 12.86 16.65
Operating Cash Flow to Interest Expense		 10.82 46.57 36.74 35.61 26.37 18.43 14.49 16.12 20.07 22.18
Operating Cash Flow Less CapEx to Interest Expense		 10.15 44.58 35.41 34.08 25.36 17.40 13.67 15.00 18.44 20.05
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.48 0.58 0.54 0.52 0.51 0.50 0.41 0.38 0.42 0.45
Accounts Receivable Turnover		 8.58 9.14 8.32 8.87 8.99 9.40 9.22 8.73 8.80 9.36
Inventory Turnover		 5.41 6.84 9.36 12.62 13.22 11.92 10.82 12.55 12.86 12.11
Fixed Asset Turnover		 25.77 27.93 23.79 20.80 18.81 17.91 15.59 14.06 14.40 14.93
Accounts Payable Turnover		 8.22 9.25 8.32 7.83 8.24 9.71 11.39 14.57 16.93 18.24
Days Sales Outstanding (DSO)		 42.53 39.95 43.85 41.17 40.58 38.84 39.59 41.79 41.47 38.98
Days Inventory Outstanding (DIO)		 67.49 53.36 39.01 28.93 27.61 30.63 33.74 29.08 28.38 30.15
Days Payable Outstanding (DPO)		 44.41 39.46 43.88 46.63 44.30 37.59 32.06 25.05 21.56 20.01
Cash Conversion Cycle (CCC)		 65.62 53.85 38.97 23.46 23.88 31.87 41.27 45.82 48.30 49.12
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 58,565 26,598 30,021 28,283 23,084 24,824 22,225 29,362 26,472 24,645
Invested Capital Turnover		 1.26 2.01 1.77 1.94 2.06 2.21 1.91 1.72 1.93 1.96
Increase / (Decrease) in Invested Capital		 31,967 -3,423 1,738 5,199 -1,740 2,599 -7,137 2,890 1,827 -787
Enterprise Value (EV)		 206,008 187,909 166,501 199,786 158,300 198,341 145,775 90,387 82,551 73,747
Market Capitalization		 192,900 205,664 176,253 212,778 173,136 207,088 166,754 127,162 119,665 108,800
Book Value per Share		 $11.28 $10.88 $9.60 $9.79 $8.98 $7.84 $9.19 $13.23 $12.64 $11.74
Tangible Book Value per Share		 ($6.06) $0.98 ($0.27) ($0.12) $0.60 ($0.50) $1.90 $6.77 $6.85 $6.46
Total Capital		 76,419 52,744 49,288 52,801 52,503 58,237 68,773 99,854 92,228 85,061
Total Debt		 30,962 8,391 9,515 11,526 14,583 24,666 25,569 33,717 28,643 25,354
Total Long-Term Debt		 19,621 6,658 8,416 9,018 11,578 14,475 20,331 25,725 24,483 21,457
Net Debt		 13,108 -17,755 -9,752 -12,992 -14,836 -8,747 -20,979 -36,775 -37,113 -35,062
Capital Expenditures (CapEx)		 670 849 477 664 591 887 775 957 1,105 1,205
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -10,235 -12,374 -7,091 -9,155 -8,172 -7,179 -6,508 -6,380 -7,788 -6,563
Debt-free Net Working Capital (DFNWC)		 7,619 13,772 12,176 15,363 21,247 26,234 40,040 64,112 57,968 53,853
Net Working Capital (NWC)		 -3,722 12,039 11,077 12,855 18,242 16,043 34,802 56,120 53,808 49,956
Net Nonoperating Expense (NNE)		 -45 -236 -414 -343 -281 -281 -6.16 -246 -216 -346
Net Nonoperating Obligations (NNO)		 13,108 -17,755 -9,752 -12,992 -14,836 -8,747 -20,979 -36,775 -37,113 -35,062
Total Depreciation and Amortization (D&A)		 2,507 1,726 1,957 1,862 1,808 1,897 2,192 2,286 2,150 2,442
Debt-free, Cash-free Net Working Capital to Revenue		 -19.02% -21.71% -13.75% -18.38% -16.58% -13.83% -13.19% -13.29% -15.81% -13.35%
Debt-free Net Working Capital to Revenue		 14.16% 24.16% 23.62% 30.84% 43.10% 50.54% 81.17% 133.55% 117.71% 109.54%
Net Working Capital to Revenue		 -6.92% 21.12% 21.49% 25.80% 37.00% 30.91% 70.55% 116.90% 109.26% 101.62%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.55 $3.08 $2.83 $2.51 $2.65 $2.63 $0.02 $1.92 $2.13 $1.76
Adjusted Weighted Average Basic Shares Outstanding		 4.04B 4.09B 4.17B 4.22B 4.24B 4.42B 4.84B 5.01B 5.05B 5.10B
Adjusted Diluted Earnings per Share		 $2.54 $3.07 $2.82 $2.50 $2.64 $2.61 $0.02 $1.90 $2.11 $1.75
Adjusted Weighted Average Diluted Shares Outstanding		 4.06B 4.11B 4.19B 4.24B 4.25B 4.45B 4.88B 5.05B 5.09B 5.15B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $2.63 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.99B 4.05B 4.11B 4.22B 4.23B 4.25B 4.57B 4.95B 5.01B 5.06B
Normalized Net Operating Profit after Tax (NOPAT)		 10,941 12,814 11,402 10,956 11,319 11,597 8,867 9,955 10,746 9,023
Normalized NOPAT Margin		 20.34% 22.48% 22.12% 21.99% 22.96% 22.34% 17.97% 20.74% 21.82% 18.36%
Pre Tax Income Margin		 22.74% 26.87% 28.08% 26.62% 28.34% 28.07% 26.43% 25.60% 26.24% 22.78%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 11.80 34.62 39.89 30.13 23.31 16.44 13.23 13.72 18.63 19.43
NOPAT to Interest Expense		 10.21 28.99 31.66 23.61 18.69 13.20 0.11 10.88 15.57 15.26
EBIT Less CapEx to Interest Expense		 11.14 32.63 38.57 28.60 22.30 15.41 12.41 12.61 16.99 17.30
NOPAT Less CapEx to Interest Expense		 9.55 27.00 30.33 22.08 17.68 12.17 -0.71 9.76 13.93 13.13
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 61.86% 49.96% 52.69% 58.19% 53.65% 51.45% 5,425.45% 57.35% 44.23% 45.50%
Augmented Payout Ratio		 117.94% 84.00% 117.79% 85.36% 77.36% 229.72% 21,377.27% 95.70% 80.63% 93.64%

Quarterly Metrics And Ratios for Cisco Systems

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

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 1/25/2025 10/26/2024 7/27/2024 4/27/2024 1/27/2024 10/28/2023 7/29/2023 4/29/2023 1/28/2023 10/29/2022 7/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.38% -5.64% -10.27% -12.83% -5.89% 7.60% 16.04% 13.53% 6.86% 5.67% -0.18%
EBITDA Growth		 12.87% -30.61% -28.24% -28.51% -9.68% 20.23% 23.15% 0.02% -8.67% -8.10% -9.11%
EBIT Growth		 3.25% -42.79% -40.42% -42.67% -10.48% 23.11% 26.33% 0.74% -7.74% -6.04% -8.72%
NOPAT Growth		 1.48% -19.48% -37.26% -42.28% -3.49% 28.75% 33.05% 10.79% -7.10% -2.91% -1.75%
Net Income Growth		 -7.82% -25.48% -45.38% -41.28% -5.01% 36.25% 40.60% 5.52% -6.73% -10.40% -6.45%
EPS Growth		 -6.15% -23.60% -44.33% -41.03% -2.99% 36.92% 42.65% 6.85% -5.63% -7.14% -4.23%
Operating Cash Flow Growth		 177.35% 54.41% -37.48% -23.91% -82.95% -40.16% 62.25% 42.56% 92.56% 15.61% -18.36%
Free Cash Flow Firm Growth		 -1,808.72% -848.68% -511.86% -639.56% -130.88% 59.71% 558.34% 311.64% 208.67% 166.11% 147.08%
Invested Capital Growth		 85.54% 99.72% 120.19% 115.29% 13.73% -0.10% -11.40% -7.77% -5.21% 1.76% 6.15%
Revenue Q/Q Growth		 1.08% 1.46% 7.40% -0.70% -12.80% -3.52% 4.34% 7.20% -0.29% 4.05% 2.08%
EBITDA Q/Q Growth		 19.64% -5.32% 10.68% -9.97% -26.45% -2.09% 10.27% 13.74% -2.09% 0.29% -10.44%
EBIT Q/Q Growth		 27.26% -5.70% 16.64% -26.24% -29.48% -1.80% 12.25% 15.17% -3.02% 0.77% -10.49%
NOPAT Q/Q Growth		 -7.15% 19.37% 27.77% -28.33% -26.33% -6.98% 17.54% 19.83% -1.72% -3.88% -2.12%
Net Income Q/Q Growth		 -10.44% 25.39% 14.63% -28.40% -27.60% -8.08% 23.23% 15.83% 3.86% -5.15% -7.52%
EPS Q/Q Growth		 -10.29% 25.93% 17.39% -29.23% -26.97% -8.25% 24.36% 16.42% 3.08% -4.41% -6.85%
Operating Cash Flow Q/Q Growth		 -38.79% -1.85% -6.07% 391.46% -65.92% -60.26% 14.31% 10.13% 19.61% 7.75% 0.44%
Free Cash Flow Firm Q/Q Growth		 5.77% 10.70% 0.46% -2,178.73% -136.96% -50.88% 30.40% 30.40% 91.19% 102.50% -18.46%
Invested Capital Q/Q Growth		 1.91% 0.05% -0.72% 83.29% 9.71% 10.30% -2.93% -3.18% -3.63% -2.18% 1.05%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 65.12% 65.90% 64.37% 65.13% 64.24% 65.16% 64.12% 63.36% 62.00% 61.22% 61.25%
EBITDA Margin		 27.26% 23.03% 24.68% 23.95% 26.42% 31.32% 30.86% 29.20% 27.52% 28.03% 29.08%
Operating Margin		 22.25% 17.04% 19.19% 17.25% 24.20% 29.15% 27.97% 27.08% 24.22% 25.97% 26.21%
EBIT Margin		 21.82% 17.33% 18.65% 17.17% 23.12% 28.59% 28.09% 26.11% 24.30% 24.99% 25.80%
Profit (Net Income) Margin		 17.35% 19.59% 15.85% 14.85% 20.59% 24.80% 26.03% 22.04% 20.40% 19.59% 21.49%
Tax Burden Percent		 84.10% 119.59% 90.23% 84.38% 83.33% 81.90% 88.53% 81.17% 81.20% 76.83% 82.41%
Interest Burden Percent		 94.56% 94.50% 94.18% 102.48% 106.90% 105.94% 104.71% 104.02% 103.39% 102.03% 101.07%
Effective Tax Rate		 15.90% -19.59% 9.77% 15.62% 16.67% 18.10% 11.47% 18.83% 18.80% 23.17% 17.59%
Return on Invested Capital (ROIC)		 22.06% 24.55% 21.88% 18.66% 38.17% 47.21% 49.86% 42.26% 35.96% 35.84% 38.20%
ROIC Less NNEP Spread (ROIC-NNEP)		 -297.38% 33.06% 30.50% 14.21% 37.77% 46.19% 48.46% 42.19% 35.08% 36.24% 38.33%
Return on Net Nonoperating Assets (RNNOA)		 -0.39% -0.93% -1.58% -0.27% -11.73% -14.47% -15.84% -13.05% -9.89% -10.81% -10.76%
Return on Equity (ROE)		 21.68% 23.61% 20.30% 18.39% 26.44% 32.74% 34.02% 29.21% 26.07% 25.03% 27.44%
Cash Return on Invested Capital (CROIC)		 -38.91% -44.75% -50.94% -46.05% 30.33% 44.90% 55.81% 48.11% 43.58% 37.14% 33.14%
Operating Return on Assets (OROA)		 10.62% 8.27% 8.87% 8.62% 13.43% 17.30% 16.35% 15.06% 13.59% 13.82% 13.89%
Return on Assets (ROA)		 8.45% 9.34% 7.54% 7.46% 11.96% 15.01% 15.15% 12.72% 11.41% 10.84% 11.57%
Return on Common Equity (ROCE)		 21.68% 23.61% 20.30% 18.39% 26.44% 32.74% 34.02% 29.21% 26.07% 25.03% 27.44%
Return on Equity Simple (ROE_SIMPLE)		 20.18% 20.75% 0.00% 26.47% 29.06% 30.04% 0.00% 27.12% 27.25% 28.56% 0.00%
Net Operating Profit after Tax (NOPAT)		 2,618 2,820 2,362 1,849 2,580 3,502 3,765 3,203 2,673 2,720 2,830
NOPAT Margin		 18.71% 20.37% 17.32% 14.56% 20.17% 23.88% 24.76% 21.98% 19.67% 19.95% 21.60%
Net Nonoperating Expense Percent (NNEP)		 319.44% -8.51% -8.62% 4.44% 0.40% 1.02% 1.40% 0.07% 0.88% -0.40% -0.13%
Return On Investment Capital (ROIC_SIMPLE)		 3.42% - - - 4.46% - - - - - -
Cost of Revenue to Revenue		 34.88% 34.10% 35.63% 34.87% 35.76% 34.84% 35.88% 36.64% 38.00% 38.78% 38.75%
SG&A Expenses to Revenue		 5.37% 5.74% 5.59% 5.79% 5.02% 4.58% 4.54% 4.40% 4.28% 4.14% 3.73%
R&D to Revenue		 16.43% 16.52% 15.97% 15.34% 15.19% 13.04% 12.85% 13.47% 13.65% 13.06% 12.84%
Operating Expenses to Revenue		 42.87% 48.86% 45.18% 47.88% 40.04% 36.00% 36.14% 36.28% 37.78% 35.26% 35.04%
Earnings before Interest and Taxes (EBIT)		 3,053 2,399 2,544 2,181 2,957 4,193 4,270 3,804 3,303 3,406 3,380
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,814 3,188 3,367 3,042 3,379 4,594 4,692 4,255 3,741 3,821 3,810
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.44 4.91 4.24 4.20 4.44 4.48 4.64 4.40 4.59 4.41 4.43
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 37.44 46.06 51.42 94.95 199.79 0.00 0.00
Price to Revenue (P/Rev)		 4.57 4.20 3.59 3.47 3.59 3.49 3.61 3.39 3.58 3.40 3.42
Price to Earnings (P/E)		 26.98 23.68 18.69 15.86 15.28 14.91 16.31 16.22 16.83 15.44 14.92
Dividend Yield		 3.21% 3.57% 4.14% 3.31% 3.09% 3.10% 3.05% 3.37% 3.28% 3.49% 3.52%
Earnings Yield		 3.71% 4.22% 5.35% 6.31% 6.54% 6.71% 6.13% 6.16% 5.94% 6.48% 6.70%
Enterprise Value to Invested Capital (EV/IC)		 4.39 4.02 3.52 3.48 5.94 6.36 7.06 6.25 6.26 5.68 5.55
Enterprise Value to Revenue (EV/Rev)		 4.84 4.45 3.83 3.71 3.34 3.22 3.30 3.12 3.33 3.19 3.23
Enterprise Value to EBITDA (EV/EBITDA)		 19.54 18.17 14.32 13.08 11.31 10.80 11.38 10.96 11.33 10.43 10.20
Enterprise Value to EBIT (EV/EBIT)		 25.75 23.39 17.35 15.10 12.57 11.98 12.71 12.32 12.77 11.78 11.59
Enterprise Value to NOPAT (EV/NOPAT)		 27.15 24.60 20.05 17.56 14.65 14.19 15.18 14.98 15.92 14.72 14.61
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.26 19.37 18.93 15.66 13.32 10.20 9.45 9.73 11.04 12.11 12.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 20.86 14.16 11.89 12.46 13.97 15.41 17.24
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.68 0.71 0.68 0.70 0.25 0.17 0.19 0.20 0.21 0.22 0.24
Long-Term Debt to Equity		 0.43 0.43 0.43 0.44 0.14 0.15 0.15 0.16 0.18 0.19 0.21
Financial Leverage		 0.00 -0.03 -0.05 -0.02 -0.31 -0.31 -0.33 -0.31 -0.28 -0.30 -0.28
Leverage Ratio		 2.42 2.45 2.52 2.50 2.25 2.24 2.33 2.30 2.35 2.28 2.36
Compound Leverage Factor		 2.29 2.32 2.37 2.57 2.40 2.38 2.44 2.39 2.43 2.32 2.39
Debt to Total Capital		 40.54% 41.40% 40.52% 41.14% 20.06% 14.47% 15.91% 16.56% 17.65% 18.06% 19.30%
Short-Term Debt to Total Capital		 14.91% 16.00% 14.84% 15.29% 8.53% 1.87% 3.29% 3.41% 2.48% 2.54% 2.23%
Long-Term Debt to Total Capital		 25.63% 25.40% 25.68% 25.85% 11.53% 12.60% 12.62% 13.14% 15.16% 15.52% 17.08%
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		 59.46% 58.60% 59.48% 58.86% 79.94% 85.53% 84.09% 83.44% 82.35% 81.94% 80.70%
Debt to EBITDA		 2.31 2.47 2.15 2.04 0.69 0.44 0.51 0.54 0.57 0.56 0.58
Net Debt to EBITDA		 1.06 1.03 0.91 0.84 -0.83 -0.92 -1.08 -0.95 -0.84 -0.68 -0.60
Long-Term Debt to EBITDA		 1.46 1.51 1.36 1.28 0.39 0.39 0.40 0.43 0.49 0.48 0.52
Debt to NOPAT		 3.22 3.34 3.01 2.73 0.89 0.58 0.68 0.73 0.80 0.78 0.83
Net Debt to NOPAT		 1.47 1.39 1.28 1.13 -1.08 -1.21 -1.43 -1.30 -1.19 -0.96 -0.86
Long-Term Debt to NOPAT		 2.03 2.05 1.91 1.72 0.51 0.51 0.54 0.58 0.69 0.67 0.74
Altman Z-Score		 2.44 2.16 1.94 1.98 3.08 3.19 3.01 2.86 2.90 2.84 2.74
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		 0.87 0.88 0.91 0.89 1.37 1.47 1.38 1.39 1.41 1.45 1.43
Quick Ratio		 0.64 0.65 0.69 0.68 1.10 1.18 1.13 1.11 1.13 1.16 1.16
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -24,912 -26,436 -29,605 -29,741 -1,305 3,531 7,188 5,512 4,227 2,211 1,092
Operating Cash Flow to CapEx		 1,067.14% 1,687.10% 1,883.84% 2,363.69% 475.29% 1,769.40% 2,560.52% 1,932.96% 2,787.65% 2,251.14% 2,645.32%
Free Cash Flow to Firm to Interest Expense		 -61.66 -63.24 -70.82 -83.31 -10.88 31.81 64.76 50.57 39.51 22.11 11.74
Operating Cash Flow to Interest Expense		 5.55 8.76 8.92 11.12 6.73 21.36 53.75 47.88 44.29 39.62 39.54
Operating Cash Flow Less CapEx to Interest Expense		 5.03 8.24 8.45 10.65 5.32 20.15 51.65 45.40 42.70 37.86 38.04
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.49 0.48 0.48 0.50 0.58 0.61 0.58 0.58 0.56 0.55 0.54
Accounts Receivable Turnover		 10.27 11.41 8.58 10.82 11.31 11.30 9.14 10.08 9.46 9.73 8.32
Inventory Turnover		 6.16 5.73 5.41 5.94 6.45 7.02 6.84 7.32 7.79 8.78 9.36
Fixed Asset Turnover		 27.11 25.93 25.77 27.36 28.84 29.19 27.93 26.82 25.91 24.84 23.79
Accounts Payable Turnover		 10.07 9.11 8.22 8.71 9.81 9.58 9.25 8.82 9.14 8.63 8.32
Days Sales Outstanding (DSO)		 35.55 32.00 42.53 33.73 32.27 32.30 39.95 36.19 38.59 37.50 43.85
Days Inventory Outstanding (DIO)		 59.28 63.68 67.49 61.48 56.58 52.02 53.36 49.90 46.87 41.55 39.01
Days Payable Outstanding (DPO)		 36.23 40.07 44.41 41.93 37.22 38.11 39.46 41.38 39.94 42.30 43.88
Cash Conversion Cycle (CCC)		 58.60 55.62 65.62 53.27 51.63 46.21 53.85 44.71 45.52 36.75 38.97
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 59,715 58,593 58,565 58,991 32,185 29,337 26,598 27,401 28,300 29,366 30,021
Invested Capital Turnover		 1.18 1.21 1.26 1.28 1.89 1.98 2.01 1.92 1.83 1.80 1.77
Increase / (Decrease) in Invested Capital		 27,530 29,256 31,967 31,590 3,885 -29 -3,423 -2,309 -1,554 509 1,738
Enterprise Value (EV)		 262,032 235,760 206,008 205,371 191,322 186,605 187,909 171,200 177,026 166,655 166,501
Market Capitalization		 247,847 222,444 192,900 192,148 205,388 202,478 205,664 186,094 190,200 177,561 176,253
Book Value per Share		 $11.43 $11.35 $11.28 $11.30 $11.38 $11.15 $10.88 $10.33 $10.10 $9.80 $9.60
Tangible Book Value per Share		 ($5.86) ($6.07) ($6.06) ($6.10) $1.35 $1.08 $0.98 $0.48 $0.23 ($0.06) ($0.27)
Total Capital		 76,568 77,264 76,419 77,761 57,856 52,860 52,744 50,689 50,361 49,150 49,288
Total Debt		 31,038 31,987 30,962 31,993 11,605 7,650 8,391 8,394 8,887 8,878 9,515
Total Long-Term Debt		 19,625 19,623 19,621 20,102 6,669 6,660 6,658 6,663 7,637 7,629 8,416
Net Debt		 14,185 13,316 13,108 13,223 -14,066 -15,873 -17,755 -14,894 -13,174 -10,906 -9,752
Capital Expenditures (CapEx)		 210 217 198 168 170 134 233 270 170 176 139
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -10,778 -11,097 -10,235 -11,101 -9,459 -9,909 -12,374 -10,326 -9,548 -7,290 -7,091
Debt-free Net Working Capital (DFNWC)		 6,075 7,574 7,619 7,669 16,212 13,614 13,772 12,962 12,513 12,494 12,176
Net Working Capital (NWC)		 -5,338 -4,790 -3,722 -4,222 11,276 12,624 12,039 11,231 11,263 11,245 11,077
Net Nonoperating Expense (NNE)		 190 109 200 -37 -54 -136 -193 -8.93 -100 50 15
Net Nonoperating Obligations (NNO)		 14,185 13,316 13,108 13,223 -14,066 -15,873 -17,755 -14,894 -13,174 -10,906 -9,752
Total Depreciation and Amortization (D&A)		 761 789 823 861 422 401 422 451 438 415 430
Debt-free, Cash-free Net Working Capital to Revenue		 -19.89% -20.95% -19.02% -20.05% -16.53% -17.07% -21.71% -18.81% -17.96% -13.94% -13.75%
Debt-free Net Working Capital to Revenue		 11.21% 14.30% 14.16% 13.85% 28.33% 23.46% 24.16% 23.61% 23.54% 23.89% 23.62%
Net Working Capital to Revenue		 -9.85% -9.04% -6.92% -7.63% 19.70% 21.75% 21.12% 20.46% 21.19% 21.51% 21.49%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.61 $0.68 $0.53 $0.47 $0.65 $0.90 $0.96 $0.79 $0.68 $0.65 $0.68
Adjusted Weighted Average Basic Shares Outstanding		 3.98B 3.99B 4.04B 4.04B 4.06B 4.06B 4.09B 4.09B 4.10B 4.11B 4.17B
Adjusted Diluted Earnings per Share		 $0.61 $0.68 $0.54 $0.46 $0.65 $0.89 $0.97 $0.78 $0.67 $0.65 $0.68
Adjusted Weighted Average Diluted Shares Outstanding		 4.01B 4.01B 4.06B 4.06B 4.07B 4.09B 4.11B 4.11B 4.12B 4.12B 4.19B
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		 3.98B 3.98B 3.99B 4.03B 4.05B 4.06B 4.05B 4.08B 4.10B 4.11B 4.11B
Normalized Net Operating Profit after Tax (NOPAT)		 2,626 2,116 2,463 2,306 2,590 3,603 3,945 3,274 2,870 2,718 2,828
Normalized NOPAT Margin		 18.77% 15.29% 18.06% 18.16% 20.25% 24.56% 25.95% 22.47% 21.12% 19.94% 21.59%
Pre Tax Income Margin		 20.63% 16.38% 17.56% 17.60% 24.71% 30.28% 29.41% 27.16% 25.13% 25.49% 26.07%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.56 5.74 6.09 6.11 24.64 37.77 38.47 34.90 30.87 34.06 36.34
NOPAT to Interest Expense		 6.48 6.75 5.65 5.18 21.50 31.55 33.92 29.39 24.98 27.20 30.43
EBIT Less CapEx to Interest Expense		 7.04 5.22 5.61 5.64 23.23 36.57 36.37 32.42 29.28 32.30 34.85
NOPAT Less CapEx to Interest Expense		 5.96 6.23 5.18 4.71 20.08 30.34 31.82 26.91 23.39 25.44 28.93
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 69.73% 68.09% 61.86% 52.55% 47.20% 46.55% 49.96% 54.75% 55.23% 54.10% 52.69%
Augmented Payout Ratio		 140.76% 137.19% 117.94% 94.12% 84.67% 83.64% 84.00% 101.58% 93.66% 123.41% 117.79%

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. See where experts think Cisco Systems is headed by visiting Cisco Systems' forecast page.

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 5/20/2025 by MarketBeat.com Staff
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