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 11.1× (Sep '26).
The price-to-sales ratio has fallen from 1.3× (Mar '23) to 0.6× (Sep '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?
As of Sep '26, Super Micro Computer traded at a price-to-earnings ratio of about 11.1× (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.