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MICROSOFT CORP MSFT

Nasdaq · stock · Services-Prepackaged Software · website · IPO 1986-03-13 · LEI

MICROSOFT CORP statistics & valuation

Market cap$2.77T
P / E20.7×
P / S8.3×
P / B6.3×
P / FCF41.4×
Dividend yield0.95%
Net margin40.3%
Return on equity30.2%
FCF margin20.2%
Net debt$19.4B
Net debt / EBITDA0.1×
Enterprise value USD$2.79T
EV / EBITDA14.7×
Earnings yield EBIT/EV5.6%
Return on capital26.3%
Graham number -68.6%$154.83

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($154.83); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
26.40% 15.00% 31.20% 31.00% 36.50% 36.70% 34.10% 36.00% 36.10% 40.30% 2017201820192020202120222023202420252026
Gross margin (%)
64.50% 65.20% 65.90% 67.80% 68.90% 68.40% 68.90% 69.80% 68.80% 67.90% 2017201820192020202120222023202420252026
Operating margin (%)
30.10% 31.80% 34.10% 37.00% 41.60% 42.10% 41.80% 44.60% 45.60% 46.80% 2017201820192020202120222023202420252026
Return on equity (%)
29.10% 20.00% 38.30% 37.40% 43.20% 43.70% 35.10% 32.80% 29.60% 30.20% 2017201820192020202120222023202420252026
Shares outstanding
7.83B 7.79B 7.75B 7.68B 7.61B 7.54B 7.47B 7.47B 7.46B 7.45B 2017201820192020202120222023202420252026
Net debt ($)
$69.44B $64.25B $60.82B $49.75B $43.92B $35.85B $12.53B $26.62B $12.91B $19.36B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
10.20% 6.40% 13.70% 14.70% 18.40% 19.90% 17.60% 17.20% 16.50% 17.60% 2017201820192020202120222023202420252026
Free cash flow margin (%)
32.50% 29.20% 30.40% 31.60% 33.40% 32.90% 28.10% 30.20% 25.40% 20.20% 2017201820192020202120222023202420252026
Debt / equity (×)
0.88× 0.92× 0.71× 0.54× 0.41× 0.30× 0.23× 0.17× 0.13× 0.09× 2017201820192020202120222023202420252026
EPS ($)
$3.25 $2.13 $5.06 $5.76 $8.05 $9.65 $9.68 $11.80 $13.64 $17.95 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MICROSOFT CORP trades at about 27.4× earnings — below its 10-year norm (10-year range 22.4×–49.8×, median 35.4×).

22.4× 49.8×

Shaded band = 10-year range (22.4×–49.8×); dot = today's 27.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin67.9%68.8%69.8%68.9%68.4%68.9%67.8%65.9%65.2%64.5%
Operating margin46.8%45.6%44.6%41.8%42.1%41.6%37.0%34.1%31.8%30.1%
Net margin40.3%36.1%36.0%34.1%36.7%36.5%31.0%31.2%15.0%26.4%
FCF margin20.2%25.4%30.2%28.1%32.9%33.4%31.6%30.4%29.2%32.5%
Return on assets17.6%16.5%17.2%17.6%19.9%18.4%14.7%13.7%6.4%10.2%
Return on equity30.2%29.6%32.8%35.1%43.7%43.2%37.4%38.3%20.0%29.1%
Debt / equity0.09×0.13×0.17×0.23×0.30×0.41×0.54×0.71×0.92×0.88×
Current ratio1.231.351.271.771.782.082.522.532.902.92

Computed from company filings · US · as of 2025-06-30. Facts plus Stocktoria's own computed scores — not investment advice.