Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Cisco

CSCO stock analysis · Information Technology · Communications Equipment

FY 2025-07-26ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$117.46HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$463B

Price × SEC outstanding shares. Shares measured 2026-05-14. Approximate; share and price dates can differ.

View share-count filing ↗
Momentum data and stock-split review

The current issuer FAQ expressly identifies its linked stock-split schedule as the complete history. The schedule lists nine splits and ends with the March 2000 two-for-one distribution. The current common-share identity and same-ISIN fund endpoints support a dated split multiplier of 1. Regular cash dividends are excluded. Fund values divided by held shares are indicative price-return proxies, not exchange closes or total returns.

Issuer action history 1 ↗ · Issuer action history 2 ↗

Fund valuation at 2025-06-30 ↗ · Fund valuation at 2026-05-31 ↗

Valuation

DCF value

$51.21

Equity cash-flow scenario · SEC outstanding shares at 2026-05-14 · -56.4% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

26.2%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

34.2%

5 industry peers · median 61.0×

How this is calculated ↗
Valuation

Historical multiples

22.8×

7 annual observations · snapshot P/E 45.5× · 99.1% versus history

How this is calculated ↗
Valuation

Free cash flow yield

2.9%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

15.3%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

51/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

73.6%

2025-06-30 → 2026-05-31 · Reviewed split basis · fund snapshot

How this is calculated ↗
Investment

Asset growth

-1.7%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

2.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-3.3%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

2.7%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 19.9B2021-07-31: cfo $15,454,000,000.002021-07-31: capex $692,000,000.0020212022-07-30: cfo $13,226,000,000.002022-07-30: capex $477,000,000.0020222023-07-29: cfo $19,886,000,000.002023-07-29: capex $849,000,000.0020232024-07-27: cfo $10,880,000,000.002024-07-27: capex $670,000,000.0020242025-07-26: cfo $14,193,000,000.002025-07-26: capex $905,000,000.0020252026-07-25: cfo $14,177,000,000.002026-07-25: capex $1,410,000,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$64.23$70.08$76.37
10.0%$47.06$51.21$55.65
12.0%$37.13$40.29$43.68

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-07-2563.3B13.3B14.2B1.4B129.6B
2025-07-2656.7B10.2B14.2B905M122.3B
2024-07-2753.8B10.3B10.9B670M124.4B
2023-07-2957B12.6B19.9B849M101.9B
2022-07-3051.6B11.8B13.2B477M94B
2021-07-3149.8B10.6B15.5B692M97.5B
2020-07-2549.3B11.2B15.4B770M94.9B
2019-07-2751.9B11.6B15.8B909M97.8B
2018-07-2849.3B110M13.7B834M108.8B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue56.7BRevenueFromContractWithCustomerExcludingAssessedTax2026-09-02
netIncome10.2BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-09-02
Parent/common earnings proxy10.2BNetIncomeLoss2026-09-02
cfo14.2BNetCashProvidedByUsedInOperatingActivities2026-09-02
capex905MPaymentsToAcquirePropertyPlantAndEquipment2026-09-02
operatingIncome11.8BOperatingIncomeLoss2026-09-02
assets122.3BAssets2026-09-02
equity46.8BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-09-02
Parent book equity proxy46.8BStockholdersEquity2026-09-02
debt24.6BLongTermDebt2026-09-02
shortDebtNot reported under a supported tag
cash8.3BCashAndCashEquivalentsAtCarryingValue2026-09-02
shares4BWeightedAverageNumberOfDilutedSharesOutstanding2026-09-02
dividends6.4BPaymentsOfDividends2026-09-02
buybacks6BPaymentsForRepurchaseOfCommonStock2026-09-02
issuance736MProceedsFromIssuanceOfCommonStock2026-09-02