Super Micro Computer, Inc. SMCI Ratios & Valuation
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 8.4%-2.9pp | 8%-4.4pp | 10.1%-3.1pp | 11.1%-2.7pp | 11.3%-4.7pp | |
| Operating margin | 4.5%-1.6pp | 3.7%-3.7pp | 4.4%-3.8pp | 5.7%-2.4pp | 6.1%-3.6pp | |
| Net margin | 3.7%-1.6pp | 3.1%-3.8pp | 3.8%-3.8pp | 4.8%-2.9pp | 5.3%-3.5pp | |
| Free cash flow margin | -20.3%— | 1.6%— | —— | —— | —— | |
| Returns | ||||||
| Return on equity | 17.9%-2.2pp | 13.2%-17.8pp | 12.8%-22.5pp | 17.9%-13.3pp | 20.1%-10.5pp | |
| Return on assets | 7.3%-4.4pp | 4.6%-14.5pp | 6.3%-12.7pp | 8.8%-8.3pp | 11.7%-5.7pp | |
| Return on invested capital | 14.8%-17.0pp | 20.4%-15.9pp | 22%-23.5pp | 37.6%+1.0pp | 31.8%-11.5pp | |
| Efficiency | ||||||
| Asset turnover | 2×-0.2× | 1.5×-1.3× | 1.7×-0.8× | 1.8×-0.4× | 2.2×+0.2× | |
| Inventory turnover | 4.1×-0.7× | 3.6×-2.4× | 3.6×-1.1× | 4.3×-0.1× | 4.8×+1.3× | |
| Liquidity | ||||||
| Current ratio | 2.7×-4.0× | 1.7×-4.7× | 5.4×+2.0× | 5.2×+1.4× | 6.7×+2.0× | |
| Quick ratio | 1.3×-2.7× | 1×-2.7× | 3×+1.2× | 3.3×+1.3× | 4×+1.7× | |
| Cash ratio | 0.2×-1.6× | 0.3×-0.8× | 1.8×+1.1× | 2.2×+1.5× | 1.8×+0.5× | |
| Leverage | ||||||
| Debt-to-equity | 0.8×+0.8× | 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×-21.5× | 12×-34.5× | 13.8×-30.6× | 21×-41.5× | 32.5×-25.7× | |
| Per Share | ||||||
| Book value per share | $10.94+6.7% | $10.08+2.7% | $9.84+7.0% | $10.03+11.5% | $10.26+23.7% | |
| Valuation | ||||||
| Market capitalization | $13.67B-32.7% | $17.47B-2.1% | $28.49B+16.6% | $25.57B-46.8% | $20.32B-64.4% | |
| Enterprise value | $18.63B+3.0% | $13.91B-16.8% | $24.82B+7.9% | $20.81B-55.7% | $18.09B-67.2% | |
| Price / earnings | 11×-6.7× | 20×+7.7× | 35.9×+18.7× | 24.4×-17.3× | 17.7×-36.7× | |
| Price / sales | 0.4×-0.5× | 0.6×-0.2× | 1.4×+0.1× | 1.2×-2.0× | 0.9×-3.9× | |
| Price / book | 1.8×-1.4× | 2.5×-0.4× | 4.4×+0.2× | 4.1×-4.8× | 3.2×-8.0× | |
| EV / sales | 0.6×-0.3× | 0.5×-0.3× | 1.2×0.0× | 0.9×-2.2× | 0.8×-3.8× | |
| Free cash flow yield | -50.1%— | 2.5%— | —— | —— | —— | |
| Earnings yield | 9.1%+3.5pp | 5%-3.1pp | 2.8%-3.0pp | 4.1%+1.7pp | 5.7%+3.8pp | |
| PEG ratio | 1.3×-0.5× | —— | —— | —— | 1.8×+1.1× |
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.
