Super Micro Computer, Inc. SMCI Ratios & Valuation
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 8.4%+0.4pp | 8%-2.1pp | 10.1%-1.0pp | 11.1%-0.2pp | 11.3%-1.2pp | |
| Operating margin | 4.5%+0.8pp | 3.7%-0.7pp | 4.4%-1.3pp | 5.7%-0.4pp | 6.1%-1.3pp | |
| Net margin | 3.7%+0.6pp | 3.1%-0.7pp | 3.8%-1.0pp | 4.8%-0.6pp | 5.3%-1.6pp | |
| Free cash flow margin | -20.3%-21.9pp | 1.6%— | —— | —— | —— | |
| Returns | ||||||
| Return on equity | 17.9%+4.7pp | 13.2%+0.4pp | 12.8%-5.1pp | 17.9%-2.2pp | 20.1%-11.0pp | |
| Return on assets | 7.3%+2.7pp | 4.6%-1.7pp | 6.3%-2.5pp | 8.8%-2.9pp | 11.7%-7.3pp | |
| Return on invested capital | 14.8%-5.6pp | 20.4%-1.6pp | 22%-15.6pp | 37.6%+5.8pp | 31.8%-4.5pp | |
| Efficiency | ||||||
| Asset turnover | 2×+0.5× | 1.5×-0.2× | 1.7×-0.2× | 1.8×-0.4× | 2.2×-0.6× | |
| Inventory turnover | 4.1×+0.5× | 3.6×+0.1× | 3.6×-0.8× | 4.3×-0.5× | 4.8×-1.2× | |
| Liquidity | ||||||
| Current ratio | 2.7×+1.0× | 1.7×-3.7× | 5.4×+0.1× | 5.2×-1.4× | 6.7×+0.3× | |
| Quick ratio | 1.3×+0.3× | 1×-1.9× | 3×-0.3× | 3.3×-0.7× | 4×+0.2× | |
| Cash ratio | 0.2×-0.1× | 0.3×-1.5× | 1.8×-0.4× | 2.2×+0.4× | 1.8×+0.7× | |
| Leverage | ||||||
| Debt-to-equity | 0.8×+0.7× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0×0.0× | |
| Debt-to-assets | 0.3×+0.2× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Interest coverage | 11×-1.0× | 12×-1.8× | 13.8×-7.2× | 21×-11.5× | 32.5×-14.0× | |
| Per Share | ||||||
| Book value per share | $10.94+8.6% | $10.08+2.4% | $9.84-1.9% | $10.03-2.3% | $10.26+4.6% | |
| Valuation | ||||||
| Market capitalization | $13.67B-21.7% | $17.47B-38.7% | $28.49B+11.4% | $25.57B+25.8% | $20.32B+13.9% | |
| Enterprise value | $18.63B+34.0% | $13.91B-44.0% | $24.82B+19.3% | $20.81B+15.1% | $18.09B+8.2% | |
| Price / earnings | 11×-9.1× | 20×-15.9× | 35.9×+11.6× | 24.4×+6.7× | 17.7×+5.3× | |
| Price / sales | 0.4×-0.2× | 0.6×-0.7× | 1.4×+0.2× | 1.2×+0.2× | 0.9×+0.1× | |
| Price / book | 1.8×-0.7× | 2.5×-1.9× | 4.4×+0.3× | 4.1×+0.9× | 3.2×+0.3× | |
| EV / sales | 0.6×+0.1× | 0.5×-0.7× | 1.2×+0.2× | 0.9×+0.1× | 0.8×0.0× | |
| Free cash flow yield | -50.1%-52.6pp | 2.5%— | —— | —— | —— | |
| Earnings yield | 9.1%+4.1pp | 5%+2.2pp | 2.8%-1.3pp | 4.1%-1.6pp | 5.7%-2.4pp | |
| PEG ratio | 1.3×— | —— | —— | —— | 1.8×+1.7× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Super Micro Computer, Inc.'s profit margins?
- Super Micro Computer, Inc. (SMCI) runs a 8.4% gross margin and a 4.5% operating margin, with a 3.7% net margin.
- Where do Super Micro Computer, Inc.'s ratios come from?
- Every ratio is computed from Super Micro Computer, 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.
