Microsoft

Information Technology Systems Software Redmond, Washington Last filing Jul 30, 2025 · FY2025

                    Revenue
                    FY2025
                
$281.7B
                    3y CAGR +12.4%
                    
                    P71
                    
                    n/a
                    
                    Net income
                    FY2025
                
$101.8B
                    Net margin +36.1%
                    
                    P91
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$619.0B
                    ROA +16.5%
                    
                    P82
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$136.2B
                    FCF margin +25.4%
                    
                    P66
                    
                    n/a

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 1 year

Total assets $619.0B

Total liabilities $275.5B

Shareholders equity $343.5B

Account	2025	Trend
Assets
Cash and Cash Equivalents	10.7%
Short Term Investments	22.8%
Accounts Receivable	24.8%
Inventory	0.3%
Prepaid Expenses	9.1%
Other Current Assets	9.1%
Total Current Assets	67.8%
Property,Plant and Equipment	72.8%
Operating Lease Assets	8.8%
Goodwill	42.4%
Intangible Assets	8.0%
Long Term Investments	5.5%
Other Noncurrent Assets	14.4%
Total Assets	219.7%
Liabilities
Accounts Payable	9.8%
Accrued Liabilities	8.9%
Deferred Revenue	22.9%
Current Portion of Long Term Debt	1.1%
Operating Lease Liabilities	6.2%
Other Current Liabilities	8.9%
Total Current Liabilities	50.1%
Long Term Debt	14.3%
Deferred Revenue Noncurrent	1.0%
Operating Lease Liabilities Noncurrent	6.2%
Deferred Tax Liabilities	1.0%
Other Noncurrent Liabilities	16.0%
Total Liabilities	97.8%
Equity
Common Stock	38.7%
Retained Earnings	84.4%
Treasury Stock	0.0%
Accumulated Other Comprehensive Income	-1.2%
Total Stockholders Equity	121.9%
Total Liabilitiesand Equity	219.7%

Income Statement

Revenue, expense, and profitability

20 accounts · 1 year

Revenue $281.7B

Operating income $128.5B

Net income $101.8B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	100.0%
Expenses Cost of Revenue	31.2%
Expenses Research and Development	11.5%
Expenses Selling,General and Administrative	2.6%
Expenses Depreciation and Amortization	7.8%
Expenses Share Based Compensation	4.3%
Expenses Operating Expenses	23.2%
Other Income Expense Gross Profit	68.8%
Other Income Expense Operating Income	45.6%
Other Income Expense Interest Income	0.9%
Other Income Expense Interest Expense	0.5%
Other Income Expense Other Income/expense	-1.7%
Other Income Expense Income Before Tax	43.9%
Income Tax Income Tax Expense	7.7%
net Income net Income	36.1%
net Income Comprehensive Income	36.9%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	2.6%
Earnings Per Share Weighted Average Shares Diluted	2.6%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 1 year

Operating cash flow $136.2B

Investing cash flow $-72.6B

Financing cash flow $-51.7B

Account	2025	Trend
CashFlow
Operating Activities net Income	36.1%
Operating Activities Depreciation and Amortization	7.8%
Operating Activities Stock Based Compensation	4.3%
Operating Activities Deferred Income Taxes	-2.5%
Operating Activities Changes In Operating Assets and Liabilities	5.8%
Operating Activities net Cash From Operating Activities	48.3%
Investing Activities Capital Expenditures	22.9%
Investing Activities Purchases of Investments	10.6%
Investing Activities Proceeds From Sale of Investments	5.7%
Investing Activities Other Investing Activities	-0.8%
Investing Activities net Cash From Investing Activities	-25.8%
Financing Activities Repayment of Debt	1.1%
Financing Activities Repurchase of Common Stock	6.5%
Financing Activities Dividends Paid	8.8%
Financing Activities Proceeds From Stock Issuance	0.7%
Financing Activities Tax Withholding On Stock Based Compensation	1.9%
Financing Activities Other Financing Activities	-0.8%
Financing Activities net Cash From Financing Activities	-18.4%
Cash Reconciliation Effect of Exchange Rate On Cash	10.7%
Cash Reconciliation net Change In Cash	4.2%
Cash Reconciliation Cash At Beginning of Period	10.7%
Cash Reconciliation Cash At End of Period	10.7%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+68.8%
Operating margin	+45.6%
Net margin	+36.1%
FCF margin	+25.4%
Growth
Revenue CAGR (3y)	+12.4%
Returns
ROE	+29.6%
ROA	+16.5%
ROIC	+29.7%
Liquidity
Current ratio	1.35x
Quick ratio	0.71x
Leverage
D/E	0.80x
Interest coverage	90.70x
Efficiency
Asset turnover	0.46x
Cash conversion cycle	-21d

Valuation

Price against fundamentals

MSFT $510 · 2025-09-12 · 368d old · FY2025

Market cap $3.8T

P/E 37.38x

P/S 13.51x

P/B 11.08x

EV $3.8T

EV/EBITDA 25.37x

FCF yield +1.9%

Dividend yield +0.6%

Notes

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