Cisco Systems, Inc. (CSCO): return on invested capital, 10 filed years
ROIC at Cisco Systems, Inc. was 17.1% in FY2026, the newest filed year. Across the 7 computed years from FY2020 it ranged from 14.6% (FY2024) to 28.4% (FY2023), with a median of 22.9%.
Tonight's figure on the company page: 17.1%, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | ROIC | Read from |
|---|---|---|
| FY2017 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read. | n/a | 10-K, filed 2017-09-07 |
| FY2018 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read. | n/a | 10-K, filed 2018-09-06 |
| FY2019 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read. | n/a | 10-K, filed 2019-09-05 |
| FY2020 | 26.2% | 10-K, filed 2020-09-03 |
| FY2021 | 22.9% | 10-K, filed 2021-09-09 |
| FY2022 | 26.4% | 10-K, filed 2022-09-08 |
| FY2023 | 28.4% | 10-K, filed 2023-09-07 |
| FY2024 | 14.6% | 10-K, filed 2024-09-05 |
| FY2025 | 15.8% | 10-K, filed 2025-09-03 |
| FY2026 | 17.1% | 10-K, filed 2026-09-02 |
How each year is computed
Operating income x (1 - effective tax rate) / (equity + total debt - cash) x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.