15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 61.5% per year over the past 5 years.
Net income has grown faster than revenue (81.9% vs 61.5% per year).
Operating margin has expanded, at 7.1% in the latest year.
Financial health
The company holds more cash ($7.5B) than total debt ($4.1B).
Total debt has grown faster than revenue (110.5% vs 61.5% per year).
Operating income covered interest expense 14× in the latest year.
Total debt is 1.4× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2026
$39.1B
$2.2B
10.8%
7.1%
15.4%
7.4%
-$7.0B
$4.1B
$7.5B
2025
$22.0B
$1.0B
11.1%
5.7%
16.6%
7.5%
$1.5B
$112M
$5.2B
2024
$15.0B
$1.2B
13.8%
8.1%
21.3%
11.7%
-$2.6B
$476M
$1.7B
2023
$7.1B
$640M
18.0%
10.7%
32.5%
17.4%
$627M
$290M
$440M
2022
$5.2B
$285M
15.4%
6.5%
20.0%
8.9%
-$486M
$597M
$267M
2021
$3.6B
$112M
15.0%
3.5%
10.2%
5.0%
$65M
$98M
$232M
2020
$3.3B
$84M
15.8%
2.6%
7.9%
4.4%
-$75M
$29M
$211M
2019
$3.5B
$72M
14.2%
2.8%
7.6%
4.3%
$238M
$24M
$248M
2018
$3.4B
$46M
12.8%
2.8%
5.5%
2.6%
$60M
—
$115M
2017
$2.5B
$67M
14.1%
3.8%
8.6%
4.4%
-$126M
$162M
$111M
2016
—
$72M
—
—
10.3%
6.0%
$74M
$94M
$179M
2015
—
$93M
—
—
15.0%
8.5%
-$81M
$94M
$93M
2014
—
$54M
—
—
11.5%
6.8%
-$34M
$46M
$95M
2013
—
$21M
—
—
5.7%
3.4%
$9M
$35M
$93M
2012
—
$30M
—
—
8.8%
5.1%
-$8M
$43M
$81M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$11.1B
$1.2B
17.5%
13.4%
8.1%
3.9%
$719M
$4.1B
$7.5B
Mar '26
$10.2B
$483M
9.9%
6.1%
6.4%
2.1%
-$6.7B
$4.1B
$1.3B
Dec '25
$12.7B
$401M
6.3%
3.7%
5.7%
1.4%
-$45M
$223M
$4.1B
Sep '25
$5.0B
$168M
9.3%
3.6%
2.6%
1.2%
-$950M
$126M
$4.2B
Jun '25
$5.8B
$195M
9.5%
4.0%
3.1%
1.4%
$841M
$112M
$5.2B
Mar '25
$4.6B
$109M
9.6%
3.2%
1.7%
1.0%
$594M
$107M
$2.5B
Dec '24
$5.7B
$321M
11.8%
6.5%
5.1%
3.3%
-$267M
$208M
$1.4B
Sep '24
$5.9B
$424M
13.1%
8.6%
7.2%
3.9%
$365M
$560M
$2.1B
Jun '24
$5.4B
$297M
10.2%
5.4%
5.5%
3.0%
-$662M
$476M
$1.7B
Mar '24
$3.9B
$402M
15.5%
9.8%
7.9%
4.5%
-$1.6B
$167M
$2.1B
Dec '23
$3.7B
$296M
15.4%
10.1%
9.6%
5.5%
-$610M
$376M
$726M
Sep '23
$2.1B
$157M
16.7%
8.1%
7.3%
3.8%
$268M
$146M
$543M
Jun '23
$2.2B
$194M
17.0%
10.4%
9.8%
5.3%
-$18M
$290M
$440M
Mar '23
$1.3B
$86M
17.6%
7.7%
4.9%
2.7%
$190M
$187M
$363M
Dec '22
$1.8B
$176M
18.7%
11.9%
9.7%
5.7%
$151M
$170M
$305M
Sep '22
$1.9B
$184M
18.8%
11.9%
11.3%
5.6%
$303M
$250M
$238M
Jun '22
$1.6B
$141M
17.6%
10.1%
9.9%
4.4%
-$36M
$597M
$267M
Mar '22
$1.4B
$77M
15.5%
6.6%
6.0%
2.5%
-$239M
$547M
$247M
Dec '21
$1.2B
$42M
14.0%
4.4%
3.5%
1.6%
-$66M
$316M
$247M
Sep '21
$1.0B
$25M
13.4%
2.8%
2.2%
1.0%
-$145M
$279M
$270M
Valuation over time
How the market has priced SMCI 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 fallen from 24.6× (Mar '23) to 9.2× (Nov '26).
The price-to-sales ratio has fallen from 1.3× (Mar '23) to 0.5× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SMCI growing its revenue and profit?
Over the past 5 years, Super Micro Computer's revenue has grown 61.5% per year, and net income grown 81.9% per year. These are computed facts, not advice.
How much debt does SMCI have?
As of FY2026, Super Micro Computer reported $4.1B of total debt against $7.5B of cash; operating income covered interest expense 14×.
What is SMCI's profit margin?
In FY2026, gross margin was 10.8%, operating margin 7.1%, and net margin 5.7%.
What is SMCI's P/E ratio?
Super Micro Computer's P/E (TTM) is 9.16 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SMCI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 9.2× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.