Microsoft Corporation (MSFT) Key Metrics
MSFT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.93T
- Enterprise value
- $3.70T
- P/E (TTM)
- 29.5 10-yr median 34.4
- Forward P/E
- 25.1
- PEG ratio
- 1.62
- Price / sales
- 11.8 10-yr median 10.3
- Price / book
- 8.4 10-yr median 11.2
- EV / EBITDA
- 17.7 10-yr median 20.4
- Dividend yield
- 0.74% $3.92 a year
- Beta
- 1.10
MSFT key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsMSFT valuation Price multiples at each fiscal year-end price.
MSFT returns How much profit the business earns on the capital it uses.
MSFT per-share figures Results divided by the shares outstanding at year-end.
MSFT financial health Debt, liquidity and how easily interest is covered.
MSFT efficiency & capital use Working capital cycle and where the cash goes.
MSFT valuation history
MSFT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MSFT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MSFT cash returned to shareholders
MSFT price vs earnings per share
MSFT key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.78T | $3.71T | $3.34T | $2.54T | $1.94T | $2.06T | $1.56T | $1.04T | $768.57B | $539.86B |
| Enterprise value | $2.83T | $3.68T | $3.33T | $2.49T | $1.89T | $2.00T | $1.50T | $983.14B | $716.61B | $493.07B |
| P/E ratio | 20.8 | 36.5 | 37.9 | 35.2 | 26.6 | 33.6 | 35.3 | 26.5 | 46.4 | 21.2 |
| Price / sales | 8.4 | 13.2 | 13.6 | 12.0 | 9.8 | 12.3 | 10.9 | 8.3 | 7.0 | 5.6 |
| Price / book | 6.3 | 10.8 | 12.4 | 12.3 | 11.6 | 14.5 | 13.2 | 10.1 | 9.3 | 7.5 |
| Price / free cash flow | 41.5 | 51.9 | 45.1 | 42.8 | 29.7 | 36.7 | 34.6 | 27.1 | 23.8 | 17.2 |
| Price / operating cash flow | 15.2 | 27.3 | 28.2 | 29.1 | 21.7 | 26.9 | 25.8 | 19.9 | 17.5 | 13.7 |
| EV / sales | 8.5 | 13.1 | 13.6 | 11.8 | 9.5 | 11.9 | 10.5 | 7.8 | 6.5 | 5.1 |
| EV / EBITDA | 13.6 | 23.0 | 25.0 | 23.7 | 18.9 | 23.5 | 21.9 | 16.9 | 14.5 | 12.1 |
| EV / free cash flow | 42.3 | 51.4 | 45.0 | 41.9 | 29.1 | 35.6 | 33.1 | 25.7 | 22.2 | 15.7 |
| Earnings yield | 4.8% | 2.7% | 2.6% | 2.8% | 3.8% | 3.0% | 2.8% | 3.8% | 2.2% | 4.7% |
| Free cash flow yield | 2.4% | 1.9% | 2.2% | 2.3% | 3.4% | 2.7% | 2.9% | 3.7% | 4.2% | 5.8% |
| Dividend yield | 1.0% | 0.6% | 0.7% | 0.8% | 0.9% | 0.8% | 1.0% | 1.3% | 1.7% | 2.2% |
| Shareholder yield (dividends + buybacks) | 1.8% | 1.1% | 1.2% | 1.7% | 2.6% | 2.1% | 2.4% | 3.2% | 3.0% | 4.4% |
| Share price at fiscal year-end | $373.02 | $497.41 | $446.95 | $340.54 | $256.83 | $270.90 | $203.51 | $133.96 | $98.61 | $68.93 |
| Per share | ||||||||||
| Revenue per share | $44.52 | $37.74 | $32.82 | $28.36 | $26.30 | $22.09 | $18.61 | $16.23 | $14.16 | $12.33 |
| Earnings per share | $17.95 | $13.64 | $11.80 | $9.68 | $9.65 | $8.05 | $5.76 | $5.06 | $2.13 | $3.25 |
| Operating cash flow per share | $24.55 | $18.24 | $15.87 | $11.72 | $11.81 | $10.09 | $7.90 | $6.73 | $5.63 | $5.04 |
| Free cash flow per share | $8.99 | $9.59 | $9.92 | $7.96 | $8.64 | $7.38 | $5.89 | $4.93 | $4.14 | $4.01 |
| Cash per share | $10.31 | $12.67 | $10.11 | $14.89 | $13.89 | $17.13 | $17.77 | $17.26 | $17.16 | $16.98 |
| Book value per share | $59.36 | $46.01 | $35.95 | $27.60 | $22.09 | $18.66 | $15.40 | $13.20 | $10.61 | $9.24 |
| Tangible book value per share | $40.81 | $26.97 | $16.29 | $17.26 | $11.63 | $11.10 | $8.84 | $6.78 | $5.00 | $3.47 |
| Dividends per share | $3.55 | $3.23 | $2.91 | $2.65 | $2.41 | $2.17 | $1.97 | $1.78 | $1.63 | $1.51 |
| Capex per share | $15.56 | $8.65 | $5.95 | $3.76 | $3.17 | $2.71 | $2.01 | $1.80 | $1.49 | $1.04 |
| Debt per share | $17.28 | $8.12 | $8.99 | $8.03 | $8.13 | $8.91 | $9.24 | $10.11 | $10.50 | $11.01 |
| Shares outstanding | 7.45B | 7.46B | 7.47B | 7.47B | 7.54B | 7.61B | 7.68B | 7.75B | 7.79B | 7.83B |
| Change in shares outstanding | −0.2% | −0.1% | −0.0% | −0.9% | −0.9% | −1.0% | −0.9% | −0.5% | −0.5% | −2.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 34.0% | 33.3% | 37.1% | 38.8% | 47.2% | 47.1% | 40.1% | 42.4% | 21.4% | 35.3% |
| Return on invested capital (ROIC) | 31.1% | 37.2% | 43.1% | 51.6% | 71.6% | 91.1% | 88.7% | 99.4% | 62.2% | 130.0% |
| Return on assets (ROA) | 19.4% | 18.0% | 19.1% | 18.6% | 20.8% | 19.3% | 15.1% | 14.4% | 6.6% | 11.7% |
| Return on tangible assets | 21.6% | 21.4% | 24.1% | 21.6% | 25.4% | 22.2% | 17.6% | 16.6% | 7.7% | 13.0% |
| Free cash flow margin | 20.2% | 25.4% | 30.2% | 28.1% | 32.9% | 33.4% | 31.6% | 30.4% | 29.2% | 32.5% |
| Income quality (OCF / net income) | 1.37 | 1.34 | 1.35 | 1.21 | 1.22 | 1.25 | 1.37 | 1.33 | 2.65 | 1.55 |
| Financial health | ||||||||||
| Total debt | $128.81B | $60.59B | $67.13B | $59.97B | $61.27B | $67.78B | $71.00B | $78.37B | $81.81B | $86.19B |
| Cash & short-term investments | $76.84B | $94.56B | $75.53B | $111.26B | $104.76B | $130.33B | $136.53B | $133.82B | $133.77B | $132.98B |
| Net debt | $51.97B | −$33.97B | −$8.40B | −$51.30B | −$43.49B | −$62.56B | −$65.53B | −$55.45B | −$51.96B | −$46.79B |
| Debt / equity | 0.29 | 0.18 | 0.25 | 0.29 | 0.37 | 0.48 | 0.60 | 0.77 | 0.99 | 1.19 |
| Debt / assets | 0.17 | 0.10 | 0.13 | 0.15 | 0.17 | 0.20 | 0.24 | 0.27 | 0.32 | 0.36 |
| Net debt / EBITDA | 0.25 | −0.21 | −0.06 | −0.49 | −0.43 | −0.73 | −0.96 | −0.96 | −1.05 | −1.14 |
| Current ratio | 1.23 | 1.35 | 1.27 | 1.77 | 1.78 | 2.08 | 2.52 | 2.53 | 2.90 | 2.48 |
| Quick ratio | 1.22 | 1.35 | 1.27 | 1.75 | 1.75 | 2.05 | 2.49 | 2.50 | 2.86 | 2.44 |
| Interest coverage | 50.9 | 53.9 | 37.3 | 45.0 | 40.4 | 29.8 | 20.4 | 16.0 | 12.8 | 13.1 |
| Working capital | $38.88B | $49.91B | $34.45B | $80.11B | $74.60B | $95.75B | $109.61B | $106.13B | $111.17B | $95.32B |
| Invested capital | $494.35B | $309.51B | $260.07B | $154.93B | $123.06B | $79.43B | $52.77B | $46.88B | $30.76B | $25.61B |
| Tangible asset value | $304.13B | $201.37B | $121.66B | $128.97B | $87.72B | $84.48B | $67.92B | $52.55B | $38.98B | $27.17B |
| Net current asset value | −$108.28B | −$84.39B | −$83.95B | −$21.50B | −$28.61B | −$7.38B | −$1.09B | −$8.67B | −$6.47B | −$8.84B |
| Graham number | $154.81 | $118.84 | $97.69 | $77.55 | $69.24 | $58.15 | $44.69 | $38.77 | $22.53 | $26.02 |
| Graham net-net per share | −$23.85 | −$17.16 | −$16.71 | −$7.59 | −$7.76 | −$4.15 | −$2.80 | −$3.51 | −$2.72 | −$2.53 |
| Capital allocation | ||||||||||
| Dividends paid | $26.45B | $24.08B | $21.77B | $19.80B | $18.14B | $16.52B | $15.14B | $13.81B | $12.70B | $11.85B |
| Share buybacks (net) | $22.27B | $18.42B | $17.25B | $22.25B | $32.70B | $27.39B | $22.97B | $19.54B | $10.72B | $11.79B |
| Dividend payout ratio | 19.8% | 23.6% | 24.7% | 27.4% | 24.9% | 27.0% | 34.2% | 35.2% | 76.6% | 46.5% |
| Dividends + buybacks / free cash flow | 72.7% | 59.4% | 52.7% | 70.7% | 78.0% | 78.2% | 84.2% | 87.2% | 72.6% | 75.3% |
| Capex / revenue | 34.9% | 22.9% | 18.1% | 13.3% | 12.0% | 12.3% | 10.8% | 11.1% | 10.5% | 8.4% |
| Capex / operating cash flow | 63.4% | 47.4% | 37.5% | 32.1% | 26.8% | 26.9% | 25.4% | 26.7% | 26.5% | 20.6% |
| Capex / depreciation | 3.01 | 1.89 | 2.00 | 2.03 | 1.65 | 1.76 | 1.21 | 1.19 | 1.13 | 0.93 |
| Stock-based compensation / revenue | 3.7% | 4.3% | 4.4% | 4.5% | 3.8% | 3.6% | 3.7% | 3.7% | 3.6% | 3.4% |
| R&D / revenue | 10.7% | 11.5% | 12.0% | 12.8% | 12.4% | 12.3% | 13.5% | 13.4% | 13.3% | 13.5% |
| SG&A / revenue | 10.4% | 11.7% | 13.1% | 14.3% | 14.0% | 15.0% | 17.3% | 18.4% | 20.1% | 20.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 82.9 | 82.2 | 78.6 | 80.0 | 75.8 | 76.1 | 78.5 | 81.2 | 76.5 | 71.9 |
| Days of inventory on hand | 4.0 | 4.5 | 9.2 | 17.3 | 18.6 | 15.8 | 15.7 | 20.1 | 23.0 | 23.6 |
| Days payables outstanding | 120.3 | 103.3 | 98.7 | 102.8 | 99.5 | 96.8 | 86.8 | 76.6 | 76.2 | 76.1 |
| Cash conversion cycle (days) | -33.4 | -16.6 | -10.9 | -5.4 | -5.2 | -4.9 | 7.4 | 24.8 | 23.4 | 19.4 |
| Receivables turnover | 4.40 | 4.44 | 4.64 | 4.56 | 4.82 | 4.80 | 4.65 | 4.49 | 4.77 | 5.07 |
| Payables turnover | 3.03 | 3.53 | 3.70 | 3.55 | 3.67 | 3.77 | 4.21 | 4.77 | 4.79 | 4.80 |
| Inventory turnover | 91.11 | 80.43 | 39.57 | 21.10 | 19.65 | 23.06 | 23.28 | 18.16 | 15.84 | 15.46 |
| Asset turnover | 0.48 | 0.50 | 0.53 | 0.55 | 0.57 | 0.53 | 0.49 | 0.46 | 0.44 | 0.44 |
| Average receivables | $75.39B | $63.41B | $52.81B | $46.47B | $41.15B | $35.03B | $30.77B | $28.00B | $23.14B | $19.03B |
| Average payables | $35.07B | $24.86B | $20.05B | $18.55B | $17.08B | $13.85B | $10.96B | $9.00B | $8.00B | $7.14B |
| Average inventory | $1.17B | $1.09B | $1.87B | $3.12B | $3.19B | $2.27B | $1.98B | $2.36B | $2.42B | $2.22B |
| Intangibles / total assets | 18.2% | 23.0% | 28.7% | 18.8% | 21.6% | 17.2% | 16.7% | 17.4% | 16.9% | 18.8% |
Computed from MSFT's annual financial statements (latest annual report filed July 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MSFT valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Microsoft traded at 20.8 times earnings, against a 10-year median of 34.4. Based on the latest twelve months, the trailing P/E is 29.5 and the forward P/E is 25.1. Microsoft earned a return on equity of 34.0% and a return on invested capital of 31.1% in fiscal 2026. It ended the year with $128.8 billion of debt and $76.8 billion in cash and short-term investments, net debt of $52.0 billion. It returned $48.7 billion to shareholders: $26.4 billion in dividends and $22.3 billion in share buybacks, 73% of free cash flow. The share count fell 4.8% from 7.83B to 7.45B over 9 years.
See the MSFT income statement, the MSFT chart for price history, or the MSFT stock overview for the latest quote and news.
MSFT key metrics FAQ
What is Microsoft's P/E ratio?
Microsoft's trailing P/E ratio is 29.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 25.1. At the end of fiscal 2026 it was 20.8, compared with a 10-year median of 34.4.
What is Microsoft's EV/EBITDA?
Microsoft's enterprise value was 13.6 times EBITDA at the end of fiscal 2026 (enterprise value $2.83 trillion, EBITDA $207.5 billion); the current EV/EBITDA is 17.7.
What is Microsoft's return on equity?
Microsoft's return on equity (ROE) was 34.0% in fiscal 2026: net income of $133.7 billion on average shareholders' equity of $392.9 billion.
What is Microsoft's ROIC?
Microsoft's return on invested capital was 31.1% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Microsoft have?
Microsoft had total debt of $128.8 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.29 and $52.0 billion of net debt (0.25 times EBITDA).
What is Microsoft's dividend yield?
Microsoft's forward dividend yield is 0.74%. Microsoft paid $26.4 billion in dividends in fiscal 2026 ($3.55 per share), a payout ratio of 19.8%.
Does Microsoft buy back its shares?
Yes. Microsoft spent $22.3 billion on net share repurchases in fiscal 2026 Shares outstanding changed −0.2% over the year, to 7.45B..
What is Microsoft's free cash flow yield?
Microsoft generated $67.0 billion of free cash flow in fiscal 2026, a free cash flow yield of 2.4% on its market value at year-end ($2.78 trillion).
What is Microsoft's current ratio?
Microsoft's current ratio was 1.23 at the end of fiscal 2026: current assets were 1.23 times current liabilities.