15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 2.8% per year over the past 5 years.
Net income has grown slower than revenue (-1.9% vs 2.8% per year).
Operating margin has contracted, at 20.8% in the latest year.
Free cash flow has declined 1.9% per year over the past 5 years.
Financial health
Total debt ($24.6B) exceeds cash ($8.3B); net debt is $16.3B.
Total debt has grown faster than revenue (11.0% vs 2.8% per year).
Operating income covered interest expense 7.4× in the latest year.
Total debt is 2.0× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 63.2% of earnings and 48.4% of free cash flow.
The dividend has grown 1.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$56.7B
$10.2B
64.9%
20.8%
$13.3B
$24.6B
$8.3B
2024
$53.8B
$10.3B
64.7%
22.6%
$10.2B
$20.1B
$7.5B
2023
$57.0B
$12.6B
62.7%
26.4%
$19.0B
$8.4B
$10.1B
2022
$51.6B
$11.8B
62.5%
27.1%
$12.7B
$8.9B
$7.1B
2021
$49.8B
$10.6B
64.0%
25.8%
$14.8B
$11.5B
$9.2B
2020
$49.3B
$11.2B
64.3%
27.6%
$14.7B
$14.6B
$11.8B
2019
$51.9B
$11.6B
62.9%
27.4%
$14.9B
$20.5B
$11.8B
2018
$49.3B
$110M
62.0%
25.0%
$12.8B
$25.6B
$8.9B
2017
$48.0B
$9.6B
63.0%
24.9%
$12.9B
$30.5B
$11.7B
2016
—
$10.7B
—
—
$12.4B
$28.6B
$7.6B
2015
—
$9.0B
—
—
—
$25.4B
$6.9B
2014
—
$7.9B
—
—
—
$20.8B
$6.7B
2013
—
$10.0B
—
—
$11.7B
$16.2B
$7.9B
2012
—
$8.0B
—
—
$10.4B
$16.3B
$9.8B
2011
—
$6.5B
—
—
$8.9B
$16.2B
$7.7B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Apr '26
$15.8B
$3.4B
63.6%
25.0%
$3.3B
$22.9B
$7.1B
Jan '26
$15.3B
$3.2B
65.0%
24.6%
$1.5B
$24.6B
$7.5B
Oct '25
$14.9B
$2.9B
65.5%
22.6%
$2.9B
$24.6B
$8.4B
Jul '25
$14.7B
$2.5B
63.2%
21.0%
$4.0B
$24.6B
$8.3B
Apr '25
$14.1B
$2.5B
65.6%
22.6%
$3.8B
$25.1B
$8.2B
Jan '25
$14.0B
$2.4B
65.1%
22.3%
$2.0B
$20.1B
$8.6B
Oct '24
$13.8B
$2.7B
65.9%
17.0%
$3.4B
$20.1B
$9.1B
Jul '24
$13.6B
$2.2B
64.4%
19.2%
$3.5B
$20.1B
$7.5B
Apr '24
$12.7B
$1.9B
65.1%
17.2%
$3.8B
$20.1B
$8.9B
Jan '24
$12.8B
$2.6B
64.2%
24.2%
$638M
$7.7B
$13.7B
Oct '23
$14.7B
$3.6B
65.2%
29.2%
$2.2B
$7.7B
$9.6B
Jul '23
$15.2B
$4.0B
64.1%
28.0%
$5.7B
$8.4B
$10.1B
Apr '23
$14.6B
$3.2B
63.4%
27.1%
$4.9B
$8.4B
$8.0B
Jan '23
$13.6B
$2.8B
62.0%
24.2%
$4.6B
$8.9B
$9.0B
Oct '22
$13.6B
$2.7B
61.2%
26.0%
$3.8B
$8.9B
$7.3B
Jul '22
$13.1B
$2.8B
61.3%
26.2%
$3.5B
$8.9B
$7.1B
Apr '22
$12.8B
$3.0B
63.3%
28.1%
$3.6B
$9.4B
$7.0B
Jan '22
$12.7B
$3.0B
63.3%
27.4%
$2.4B
$9.5B
$6.7B
Oct '21
$12.9B
$3.0B
62.4%
26.7%
$3.3B
$9.5B
$7.6B
Jul '21
$13.1B
$3.0B
63.6%
27.2%
$4.3B
$11.5B
$9.2B
Valuation over time
How the market has priced CSCO against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 17.4× (Mar '23) to 46.0× (Jun '26).
The price-to-sales ratio has risen from 4.0× (Mar '23) to 8.3× (Jun '26).
The dividend yield has fallen from 3.0% (Mar '23) to 1.4% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is CSCO growing its revenue and profit?
Over the past 5 years, Cisco's revenue has grown 2.8% per year, and net income declined 1.9% per year. These are computed facts, not advice.
How much debt does CSCO have?
As of FY2025, Cisco reported $24.6B of total debt against $8.3B of cash; operating income covered interest expense 7.4×.
What is CSCO's profit margin?
In FY2025, gross margin was 64.9%, operating margin 20.8%, and net margin 18.0%.
What is CSCO's P/E ratio?
As of Jun '26, Cisco traded at a price-to-earnings ratio of about 46.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.