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 45.8% per year over the past 5 years.
Net income has grown faster than revenue (65.6% vs 45.8% per year).
Operating margin has expanded, at 5.7% in the latest year.
Financial health
The company holds more cash ($5.2B) than total debt ($112M).
Total debt has grown slower than revenue (30.8% vs 45.8% per year).
Operating income covered interest expense 21× in the latest year.
Total debt is 0.1× EBITDA.
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
$22.0B
$1.0B
11.1%
5.7%
$1.5B
$112M
$5.2B
2024
$15.0B
$1.2B
13.8%
8.1%
-$2.6B
$476M
$1.7B
2023
$7.1B
$640M
18.0%
10.7%
$627M
$290M
$440M
2022
$5.2B
$285M
15.4%
6.5%
-$486M
$597M
$267M
2021
$3.6B
$112M
15.0%
3.5%
$65M
$98M
$232M
2020
$3.3B
$84M
15.8%
2.6%
-$75M
$29M
$211M
2019
$3.5B
$72M
14.2%
2.8%
$238M
$24M
$248M
2018
$3.4B
$46M
12.8%
2.8%
$60M
—
$115M
2017
$2.5B
$67M
14.1%
3.8%
-$126M
$162M
$111M
2016
—
$72M
—
—
$74M
$94M
$179M
2015
—
$93M
—
—
-$81M
$94M
$93M
2014
—
$54M
—
—
-$34M
$46M
$95M
2013
—
$21M
—
—
$9M
$35M
$93M
2012
—
$30M
—
—
-$8M
$43M
$81M
2011
—
$40M
—
—
-$8M
$28M
$70M
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
Mar '26
$10.2B
$483M
9.9%
6.1%
-$6.7B
$4.1B
$1.3B
Dec '25
$12.7B
$401M
6.3%
3.7%
-$45M
$223M
$4.1B
Sep '25
$5.0B
$168M
9.3%
3.6%
-$950M
$126M
$4.2B
Jun '25
$5.8B
$195M
9.5%
4.0%
$841M
$112M
$5.2B
Mar '25
$4.6B
$109M
9.6%
3.2%
$594M
$107M
$2.5B
Dec '24
$5.7B
$321M
11.8%
6.5%
-$267M
$208M
$1.4B
Sep '24
$5.9B
$424M
13.1%
8.6%
$365M
$560M
$2.1B
Jun '24
$5.4B
$297M
10.2%
5.4%
-$662M
$476M
$1.7B
Mar '24
$3.9B
$402M
15.5%
9.8%
-$1.6B
$167M
$2.1B
Dec '23
$3.7B
$296M
15.4%
10.1%
-$610M
$376M
$726M
Sep '23
$2.1B
$157M
16.7%
8.1%
$268M
$146M
$543M
Jun '23
$2.2B
$194M
17.0%
10.4%
-$18M
$290M
$440M
Mar '23
$1.3B
$86M
17.6%
7.7%
$190M
$187M
$363M
Dec '22
$1.8B
$176M
18.7%
11.9%
$151M
$170M
$305M
Sep '22
$1.9B
$184M
18.8%
11.9%
$303M
$250M
$238M
Jun '22
$1.6B
$141M
17.6%
10.1%
-$36M
$597M
$267M
Mar '22
$1.4B
$77M
15.5%
6.6%
-$239M
$547M
$247M
Dec '21
$1.2B
$42M
14.0%
4.4%
-$66M
$316M
$247M
Sep '21
$1.0B
$25M
13.4%
2.8%
-$145M
$279M
$270M
Jun '21
$1.1B
$39M
13.6%
3.7%
$50M
$98M
$232M
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 22.5× (Mar '23) to 18.1× (Jun '26).
The price-to-sales ratio has fallen from 1.2× (Mar '23) to 0.9× (Jun '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 45.8% per year, and net income grown 65.6% per year. These are computed facts, not advice.
How much debt does SMCI have?
As of FY2025, Super Micro Computer reported $112M of total debt against $5.2B of cash; operating income covered interest expense 21×.
What is SMCI's profit margin?
In FY2025, gross margin was 11.1%, operating margin 5.7%, and net margin 4.8%.
What is SMCI's P/E ratio?
As of Jun '26, Super Micro Computer traded at a price-to-earnings ratio of about 18.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S 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.