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%-1.1pp	259.8%+0.4pp	260.2%+1.6pp	260.2%+2.9pp	260%+4.7pp
Operating margin	89%+7.7pp	85.9%0.0pp	82.2%-12.0pp	79.4%-22.6pp	81.3%-24.4pp
Net margin	74.3%+2.8pp	72.2%-3.5pp	70.4%-11.8pp	70.3%-17.7pp	71.5%-19.4pp
EBITDA margin	107%+4.2pp	105.1%-0.7pp	103%-8.0pp	101.2%-15.2pp	102.8%-15.7pp
Free cash flow margin	85.7%-1.5pp	89.3%+2.7pp	92.2%+5.6pp	91.7%-3.5pp	87.2%-22.4pp
Returns
Return on equity	93.5%+8.3pp	89.6%-1.7pp	85.9%-16.1pp	84.2%-28.7pp	85.1%-34.8pp
Return on assets	35.5%+1.6pp	33.8%-3.0pp	33%-9.2pp	33%-14.9pp	33.9%-17.8pp
Return on invested capital	64.3%-2.6pp	62.7%-9.6pp	63.3%-22.0pp	64.5%-34.1pp	67%-42.1pp
Efficiency
Asset turnover	1.9×0.0×	1.9×-0.1×	1.9×-0.2×	1.9×-0.3×	1.9×-0.4×
Inventory turnover	24.1×+0.3×	24.8×+1.6×	24.9×+1.4×	24.5×-0.3×	23.8×-2.4×
Liquidity
Current ratio	3.8×+0.2×	3.8×+0.3×	3.7×-0.3×	3.7×-0.9×	3.6×-1.5×
Quick ratio	3.4×+0.1×	3.5×+0.2×	3.4×-0.3×	3.4×-0.9×	3.3×-1.4×
Cash ratio	0.9×0.0×	0.9×+0.1×	0.9×-0.2×	0.9×-0.3×	0.9×-0.5×
Leverage
Debt-to-equity	2.6×-0.2×	2.6×-0.3×	2.6×+0.2×	2.7×+0.8×	2.8×+1.4×
Debt-to-assets	1×0.0×	1×-0.1×	1×+0.1×	1×+0.3×	1.1×+0.5×
Net debt / EBITDA	5.9×-1.0×	5.9×-0.9×	6.2×+1.2×	6.6×+3.6×	6.9×+5.5×
Interest coverage	34.4×+1.2×	31.6×-14.5×	29.1×-45.2×	28.5×-73.9×	33.2×-92.3×
Per Share
Book value per share	$47.70+5.3%	$46.91+4.0%	$46.30+2.7%	$45.85+2.1%	$45.32+1.9%
Valuation
Market capitalization	$1.23T+39.8%	$1.09T+29.1%	$1.02T+26.7%	$953.2B+19.1%	$878.8B+7.5%
Enterprise value	$1.32T+35.6%	$1.18T+25.3%	$1.11T+26.4%	$1.05T+23.3%	$974.19B+16.1%
Price / earnings	112.5×+21.2×	105.2×+21.1×	103.5×+30.5×	98.9×+33.5×	91.3×+28.1×
Price / sales	20.9×+4.7×	19×+3.4×	18.2×+3.5×	17.4×+3.1×	16.2×+1.9×
Price / book	25.8×+6.5×	23.3×+4.7×	22.1×+4.4×	20.8×+3.2×	19.3×+1.3×
EV / EBITDA	84.1×+13.8×	78.2×+11.7×	76.9×+18.3×	75.3×+23.1×	70.3×+20.4×
EV / sales	22.5×+4.5×	20.6×+3.1×	19.8×+3.7×	19×+3.9×	18×+3.2×
Free cash flow yield	16.6%-4.9pp	19%-3.3pp	20.4%-3.3pp	21.2%-5.5pp	21.5%-8.9pp
Earnings yield	14.2%-3.5pp	15.3%-4.5pp	15.5%-7.0pp	16.3%-8.4pp	17.8%-7.6pp
Dividend yield	8.5%-3.2pp	9.6%-2.6pp	10.2%-2.5pp	10.8%-1.9pp	11.7%-0.7pp

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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.