What are Cisco Systems, Inc.'s profit margins?

Cisco Systems, Inc. (CSCO) runs a 64.3% gross margin and a 23.4% operating margin, with a 19.7% net margin.

Where do Cisco Systems, Inc.'s ratios come from?

Every ratio is computed from Cisco Systems, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Cisco Systems, Inc. CSCO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25
Profitability
Gross margin	258.9%-0.9pp	259.8%-0.3pp	260.2%-0.1pp	260.2%+0.2pp	260%+0.6pp
Operating margin	89%+3.1pp	85.9%+3.8pp	82.2%+2.8pp	79.4%-1.9pp	81.3%-4.7pp
Net margin	74.3%+2.1pp	72.2%+1.8pp	70.4%+0.2pp	70.3%-1.2pp	71.5%-4.3pp
EBITDA margin	107%+1.8pp	105.1%+2.1pp	103%+1.8pp	101.2%-1.6pp	102.8%-3.1pp
Free cash flow margin	85.7%-3.6pp	89.3%-2.9pp	92.2%+0.5pp	91.7%+4.5pp	87.2%+0.6pp
Returns
Return on equity	93.5%+3.9pp	89.6%+3.7pp	85.9%+1.7pp	84.2%-0.9pp	85.1%-6.2pp
Return on assets	35.5%+1.7pp	33.8%+0.8pp	33%0.0pp	33%-0.9pp	33.9%-2.9pp
Return on invested capital	64.3%+1.6pp	62.7%-0.6pp	63.3%-1.2pp	64.5%-2.5pp	67%-5.4pp
Efficiency
Asset turnover	1.9×0.0×	1.9×0.0×	1.9×0.0×	1.9×0.0×	1.9×0.0×
Inventory turnover	24.1×-0.8×	24.8×-0.1×	24.9×+0.5×	24.5×+0.7×	23.8×+0.6×
Liquidity
Current ratio	3.8×0.0×	3.8×+0.1×	3.7×0.0×	3.7×+0.1×	3.6×+0.1×
Quick ratio	3.4×-0.1×	3.5×+0.1×	3.4×0.0×	3.4×+0.1×	3.3×+0.1×
Cash ratio	0.9×-0.1×	0.9×0.0×	0.9×0.0×	0.9×+0.1×	0.9×0.0×
Leverage
Debt-to-equity	2.6×0.0×	2.6×0.0×	2.6×-0.1×	2.7×-0.1×	2.8×-0.1×
Debt-to-assets	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1.1×0.0×
Net debt / EBITDA	5.9×0.0×	5.9×-0.2×	6.2×-0.5×	6.6×-0.2×	6.9×+0.1×
Interest coverage	34.4×+2.8×	31.6×+2.6×	29.1×+0.6×	28.5×-4.7×	33.2×-12.9×
Per Share
Book value per share	$47.70+1.7%	$46.91+1.3%	$46.30+1.0%	$45.85+1.2%	$45.32+0.5%
Valuation
Market capitalization	$1.23T+12.6%	$1.09T+6.7%	$1.02T+7.3%	$953.2B+8.5%	$878.8B+4.0%
Enterprise value	$1.32T+11.9%	$1.18T+6.2%	$1.11T+6.4%	$1.05T+7.3%	$974.19B+3.4%
Price / earnings	112.5×+7.4×	105.2×+1.7×	103.5×+4.7×	98.9×+7.6×	91.3×+7.2×
Price / sales	20.9×+1.9×	19×+0.8×	18.2×+0.9×	17.4×+1.1×	16.2×+0.6×
Price / book	25.8×+2.5×	23.3×+1.2×	22.1×+1.3×	20.8×+1.5×	19.3×+0.7×
EV / EBITDA	84.1×+5.9×	78.2×+1.3×	76.9×+1.7×	75.3×+5.0×	70.3×+3.8×
EV / sales	22.5×+1.9×	20.6×+0.8×	19.8×+0.8×	19×+1.0×	18×+0.6×
Free cash flow yield	16.6%-2.5pp	19%-1.4pp	20.4%-0.8pp	21.2%-0.3pp	21.5%-0.8pp
Earnings yield	14.2%-1.1pp	15.3%-0.2pp	15.5%-0.7pp	16.3%-1.5pp	17.8%-2.0pp
Dividend yield	8.5%-1.1pp	9.6%-0.6pp	10.2%-0.7pp	10.8%-0.9pp	11.7%-0.5pp

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Questions, answered.

What are Cisco Systems, Inc.'s profit margins?: Cisco Systems, Inc. (CSCO) runs a 64.3% gross margin and a 23.4% operating margin, with a 19.7% net margin.
Where do Cisco Systems, Inc.'s ratios come from?: Every ratio is computed from Cisco Systems, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.