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Microsoft MSFT Return on invested capital

Return on invested capital at other companies

International Business Machines logo
International Business MachinesIBM
13.2%+4.1pp
Apple logo
AppleAAPL
94.3%+17.4pp
Electronic Arts logo
Electronic ArtsEA
19.7%-2.6pp
PTC logo
PTCPTC
19.3%+8.6pp
Take-Two Interactive Software logo
Take-Two Interactive SoftwareTTWO
-2.7%-1.3pp
Amazon logo
AmazonAMZN
17.8%+0.4pp

Other financials

Income statement

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Revenue$90.0B+17.7%
Gross profit$60.5B+15.4%
Operating income$40.6B+18.3%
Net income$35.8B+31.3%
EPS (diluted)$4.81+31.8%

Balance sheet

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Cash & equivalents$20.9B-30.8%
Total debt$128.81B+14.8%
Total equity$442.39B+28.8%
Total assets$758.38B+22.5%

Cash flow

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Operating cash flow$55.4B+30.0%
CapEx$35.8B+110%
Free cash flow$19.6B-23.2%

Valuation

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Market cap$3.45T-13.3%
Enterprise value$3.56T-12.4%
P/E25.8×-13.3×
P/S10.4×-3.7×

Profitability

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Gross margin67.9%-0.9pp
Operating margin46.8%+1.2pp
Net margin40.3%+4.2pp
FCF margin20.2%-5.2pp

Returns & leverage

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Return on equity34%+0.8pp
Debt / equity0.3×0.0×
Current ratio1.2×-0.1×

Where this comes from

Calculated from Microsoft’s reported figures.

Based on trailing twelve months.

The source filing: Microsoft’s 10-K, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:08 PM EDT
Fiscal year
FY2026
Accession
0001193125-26-323660

FAQ

What is Microsoft's return on invested capital?
Microsoft (MSFT) reported return on invested capital of 25.6% in Q2 2026.
How has Microsoft's return on invested capital changed year-over-year?
Microsoft's return on invested capital decreased by 7.1% year-over-year, from 27.6% to 25.6%.
What is the long-term trend for Microsoft's return on invested capital?
Over 5 years (2021 to 2026), Microsoft's return on invested capital has grown at a -3.3% compound annual growth rate (CAGR), from 30.4% to 25.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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