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Cisco Systems, Inc.

CSCO Technology Communication Equipment

Cisco Systems, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $63.3 billion, up 11.8% from fiscal 2025. In the quarter to July 2026, revenue grew 17.6%, EPS grew 38.0%, free cash flow grew 24.4% and total debt fell 15.3%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years.

115.34 3.05 −2.58%
Market cap
$466.8B
P/E
35.3×
Fwd P/E
32.5×
Dividend yield
1.41%
F-score
7/9
Altman Z
4.34
Beneish M
−2.38
Dividend safety
77/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 105.78
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 8 4 — 5 5 — 5 3 — 6 4 —
Insider Ownership 0.58%

Capital & Financial Ratios $m

Market Cap 466,760.00
Revenue 63,325.00
Net Income 13,267.00
Free Cash Flow 12,767.00
Net Debt 3,454.00
Current Ratio 0.93 (below 1: weak)
Debt/Equity 0.39 (at or below 0.5: strong)
P/E ratio 35.34 (above 35: high)
Fwd P/E 32.50
P/S ratio 7.39
P/B ratio 9.31 (above 6: high)
Past 5Y EPS Growth 5.90%
This Y EPS Growth 17.78% (at or above 15%: strong)
Next Y EPS Growth 8.74%
Next Y revenue growth 15.55% (at or above 10%: strong)
Next 5Y EPS Growth 11.59%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.4×, against a ten-year median of 3.6×; over the ten years it ranged from 1.7× in 2016 to 7.9× in 2026.
P/E against its own 10 years 92.80%
10-year low 10-year high
P/S against its own 10 years 98.19%
10-year low 10-year high
P/B against its own 10 years 98.41%
10-year low 10-year high
EV/Sales against its own 10 years 98.19%
10-year low 10-year high
EV/FCF against its own 10 years 97.78%
10-year low 10-year high

Dividends

Payout Ratio 0.50
Annual Dividend Rate 1.67
Annual Dividend Yield 1.41%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 1.67
0.41
0.42
0.42
0.42
2025 1.63
0.40
0.41
0.41
0.41
2024 1.59
0.39
0.40
0.40
0.40
2023 1.55
0.38
0.39
0.39
0.39
2022 1.51
0.37
0.38
0.38
0.38
2021 1.47
0.36
0.37
0.37
0.37
2020 1.43
0.35
0.36
0.36
0.36
2019 1.38
0.33
0.35
0.35
0.35
2018 1.28
0.29
0.33
0.33
0.33
2017 1.13
0.26
0.29
0.29
0.29
2016 0.99
0.21
0.26
0.26
0.26
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 26,146 17,854 16,110 15,918
Receivables 5,854 6,685 6,701 7,470
Inventory 3,644 3,373 3,164 5,694
Other 4,352 5,612 5,950 6,191
43,348 36,862 34,986 38,665
2023 2024 2025 2026
Payables 2,313 2,304 2,528 3,366
ST’ Debt — — — —
Other 5,136 5,643 5,420 6,763
31,309 40,584 35,064 41,525

Compound Annual Growth %

10y 5y 3y
Sales 2.55% 4.92% 3.57%
Cash Flow 0.44% (1.71%) (10.67%)
Earnings 2.14% 4.61% 1.70%
Book Value (2.32%) 4.03% 4.27%

Revenue $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 14,883 15,349 15,841 17,252 63,325
’25 13,841 13,991 14,149 14,673 56,654
’24 14,668 12,791 12,702 13,642 53,803
’23 13,632 13,592 14,571 15,203 56,998
’22 12,900 12,720 12,835 13,102 51,557
’21 11,929 11,960 12,803 13,126 49,818
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 3,212 1,822 3,757 5,386 14,177
’25 3,661 2,241 4,057 4,234 14,193
’24 2,371 808 3,971 3,730 10,880
’23 3,962 4,739 5,219 5,966 19,886
’22 3,427 2,461 3,661 3,677 13,226
’21 4,096 2,974 3,880 4,504 15,454
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 2,889 1,539 3,343 4,996 12,767
’25 3,444 2,031 3,796 4,017 13,288
’24 2,237 638 3,803 3,532 10,210
’23 3,786 4,569 4,949 5,733 19,037
’22 3,306 2,355 3,556 3,532 12,749
’21 3,929 2,792 3,713 4,356 14,790
Fiscal quarters ending in the months shown.

EPS $

Oct Jan Apr Jul Year
’26 — — — — —
’26 0.72 0.80 0.85 0.97 3.33
’25 0.68 0.61 0.62 0.71 2.61
’24 0.89 0.65 0.46 0.54 2.54
’23 0.65 0.67 0.78 0.97 3.07
’22 0.70 0.71 0.73 0.68 2.82
’21 0.51 0.60 0.68 0.71 2.50
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to July

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 29.80 37.35 40.96 32.40 43.35 38.60 45.56 44.50 52.11 72.80

Analyst estimates 2027–2029

Powerpack
High 38.99 49.47 58.26 50.28 64.29 63.35 58.19 60.23 80.82 130.37
People
People Employees 72,900 74,200 75,900 77,500 79,500 26,000 84,900 90,400 86,200 82,400
Revenue/emp, $m 0.66 0.66 0.68 0.64 0.63 1.98 0.67 0.60 0.66 0.77
Income, $m
Income, $m Revenue 48,005 49,330 51,904 49,301 49,818 51,557 56,998 53,803 56,654 63,325
Gross margin, % 62.96 62.04 62.94 64.26 64.02 62.55 62.73 64.73 64.94 64.52
EBT 12,287 13,039 14,571 13,970 13,262 14,477 15,318 12,234 11,100 16,009
EBT margin, % 25.60 26.43 28.07 28.34 26.62 28.08 26.87 22.74 19.59 25.28
Net income 9,609 110 11,621 11,214 10,591 11,812 12,613 10,320 10,180 13,267
Depreciation 2,286 2,192 1,897 1,808 1,862 1,957 1,726 2,507 2,811 2,540
Per share, $
Per share, $ Revenue 9.58 10.20 11.75 11.64 11.80 12.36 13.93 13.31 14.25 16.02
Earnings 1.92 0.02 2.63 2.65 2.51 2.83 3.08 2.55 2.63 3.36
Cash flow 2.77 2.83 3.58 3.64 3.66 3.17 4.86 2.69 3.57 3.59
Capex (0.19) (0.16) (0.20) (0.14) (0.16) (0.11) (0.21) (0.17) (0.23) (0.36)
Free cash flow 2.58 2.67 3.38 3.50 3.50 3.06 4.65 2.53 3.34 3.23
Book value 13.20 8.93 7.60 8.95 9.78 9.54 10.84 11.24 11.78 12.72
Shares, m 5,010 4,837 4,419 4,236 4,222 4,170 4,093 4,043 3,976 3,953
Valuation, ×
Valuation, × P/E 16.38 604.14 21.06 17.77 22.18 16.00 16.84 18.93 25.89 34.62
P/S 3.28 4.15 4.72 4.05 4.70 3.66 3.74 3.64 4.78 7.24
P/B 2.38 4.73 7.29 5.26 5.67 4.75 4.80 4.31 5.78 9.12
EV/Sales 2.35 3.62 4.35 3.69 4.39 3.45 3.40 3.67 4.90 7.30
EV/FCF 8.73 13.83 15.11 12.25 14.78 13.96 10.17 19.36 20.88 36.18
Cash, $m
Cash, $m Operating cash flow 13,876 13,666 15,831 15,426 15,454 13,226 19,886 10,880 14,193 14,177
Capex (957) (775) (887) (591) (664) (477) (849) (670) (905) (1,410)
Free cash flow 12,919 12,891 14,944 14,835 14,790 12,749 19,037 10,210 13,288 12,767
Balance, $m
Balance, $m Working capital 56,120 34,802 16,043 18,242 12,855 11,077 12,039 (3,722) (78) (2,860)
Total debt 25,725 20,331 14,475 11,578 9,018 8,416 6,658 19,621 22,861 19,372
Net debt (44,767) (26,217) (18,938) (17,841) (15,500) (10,851) (19,488) 1,767 6,751 3,454
Shareholders’ equity 66,137 43,204 33,571 37,920 41,275 39,773 44,353 45,457 46,843 50,285
Returns, %
Returns, % ROA 7.64 0.09 11.25 11.64 11.01 12.34 12.88 9.12 8.25 10.53
ROIC 35.02 45.29 60.73 42.40 31.12 30.19 37.78 16.12 13.71 17.87
ROE 14.81 0.20 30.27 31.37 26.75 29.15 29.99 22.98 22.06 27.32
Negative figures in brackets.

All 10 years →

Fiscal years to Jul 2026 · latest quarter Jul 2026

Charts ten years each

Cisco Systems, Inc. vs peers in Communication Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CSCO Cisco Systems, Inc. $453.0B 35.3× 32.5× +17.58% (above 0%: growing) +38.03% (above 0%: growing) +24.37% (above 0%: growing) 64.13% 24.72%
LITE Lumentum Holdings Inc. $95.0B — (loss-making) 54.3× +109.34% (above 0%: growing) n/m +1,870.30% (above 0%: growing) 47.43% 27.76% Compare
HPE Hewlett Packard Enterprise Company $94.3B 36.5× 22.3× +33.68% (above 0%: growing) +438.10% (above 0%: growing) +20.63% (above 0%: growing) 40.11% 11.41% Compare
MSI Motorola Solutions, Inc. $74.0B 34.6× 30.9× +13.31% (above 0%: growing) +9.09% (above 0%: growing) +84.00% (above 0%: growing) 53.56% 25.82% Compare
CIEN Ciena Corporation $60.4B 97.4× 94.0× +37.05% (above 0%: growing) +437.14% (above 0%: growing) −13.59% (below 0%: shrinking) 45.43% 18.02% Compare
NOK Nokia Corporation $56.8B 5.6× — +8.48% (above 0%: growing) n/m −624.57% (below 0%: shrinking) 44.57% (1.04%) Compare
UI Ubiquiti Inc. $38.9B 41.4× 30.7× +23.47% (above 0%: growing) +6.80% (above 0%: growing) +134.17% (above 0%: growing) 45.80% 36.27% Compare
ERIC Ericsson $28.9B 12.3× — −3.14% (below 0%: shrinking) −7.14% (below 0%: shrinking) −89.23% (below 0%: shrinking) 45.78% 11.24% Compare
ASTS AST SpaceMobile, Inc. $22.2B — (loss-making) — (loss-making) +2,626.64% (above 0%: growing) n/m −103.37% (below 0%: shrinking) 25.23% (944.09%) Compare
Median of peers $58.6B 35.6× 30.9× +28.58% +9.09% +3.52% 45.60% 14.72%

All 47 Communication Equipment stocks →

CSCO metrics, ten years each

Cisco Systems, Inc. (CSCO) key facts

  • Strength: Cisco Systems, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $63.3 billion, up 11.8% from fiscal 2025.
  • Cisco Systems, Inc. (CSCO) is a Communication Equipment company in the Technology sector, listed on Nasdaq.
  • As of October 12, 2026, CSCO traded at $115.34, a market capitalization of $466.8 billion.
  • Cisco Systems, Inc. pays an annual dividend of $1.67 per share, a yield of 1.41%, with a payout ratio of 50.0%.
  • Return on equity was 27.3% and debt-to-equity 0.39.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.34 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated

Cisco Systems reported revenue of $63.3 billion in FY2026 and net income of $13.3 billion in FY2026. Revenue growth was 11.8% in FY2026 against FY2025, while diluted EPS growth was 27.6% in FY2026 against FY2025. Free cash flow was $12.8 billion in FY2026.

In Q4 FY2026, revenue was $17.3 billion, operating income was $4.3 billion and diluted EPS was $0.97. At Q4 FY2026, total debt was $19.4 billion, cash and short-term investments were $15.9 billion, and net debt was $3.5 billion.

Cisco Systems, Inc. (CSCO) Latest News

14 May

Impact 5 ·
stockrow.com/CSCO · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com