ValueScreener
Named tests met4 of 30
523.00 USD Market data. Sources for Share priceClose of Nov 12, 2026

Market data as of Nov 12, 2026. Ratios computed Nov 12, 2026.

ValueScreener company report

NASDAQ / Technology / Software - Infrastructure

Reading

The evidence behind it

Overview

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

23.0% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

29.06x Computed

FY2026 accounts, priced at 21:00 UTC

Read valuation

Cash generation

Free cash flow yield

1.7% Computed

FY2026 accounts, priced at 21:00 UTC

Read cash generation

Strength

Debt to equity

0.28 Computed

From the FY2026 filing

Read strength

Revenue and net income, as filed

FY2017 Revenue: 89.95B USDFY2017 Net income: 25.49B USDFY2018 Revenue: 110.36B USDFY2018 Net income: 16.57B USDFY2019 Revenue: 125.84B USDFY2019 Net income: 39.24B USDFY2020 Revenue: 143.01B USDFY2020 Net income: 44.28B USDFY2021 Revenue: 168.09B USDFY2021 Net income: 61.27B USDFY2022 Revenue: 198.27B USDFY2022 Net income: 72.74B USDFY2023 Revenue: 211.91B USDFY2023 Net income: 72.36B USDFY2024 Revenue: 245.12B USDFY2024 Net income: 88.14B USDFY2025 Revenue: 281.72B USDFY2025 Net income: 101.83B USDFY2026 Revenue: 331.84B USDFY2026 Net income: 133.75B USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Market capitalisation
3.88T USD Market data. Sources for Market capitalisation21:00 UTC
Filed accounts
FY2026, filed Jul 29, 2026
Filed years
10, FY2017 to FY2026
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 29.06x at the close of 2026-11-12 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 25.00x and 40.00x.

Today, against the Software - Infrastructure industry (72 companies), 29.06x sits at the 59th percentile; the middle half of that group runs from 11.40x to 53.27x.

Is it good

Return on invested capital was 23.0% in FY2026, in the band labelled "Exceptional" (20.0% and above), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on the capital in the business well above the usual cost of that capital.

Today, against the Software - Infrastructure industry (38 companies), 23.0% sits at the 86th percentile; the middle half of that group runs from 0.3% to 12.8%.

Is it safe

Interest coverage was 50.88x in FY2026, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether Microsoft Corporation's return on equity stayed above the median of the Software - Infrastructure industry, year by year. (FY2017 to FY2025, 9 fiscal years of Microsoft Corporation with a comparable figure)
The direction
Which way Microsoft Corporation's return on invested capital has moved, and how steadily. (FY2017 to FY2026, 10 filed years of Microsoft Corporation)
What could explain it
What in Microsoft Corporation's filed statements could explain the movements. (10 readings drawn from the statement lines Microsoft Corporation filed)
What to check next
What to check next on Microsoft Corporation, and where in its filings. (4 questions for Microsoft Corporation)
In one paragraph
One paragraph on Microsoft Corporation's returns, cash, balance sheet and price. (16 of sixteen figures read for Microsoft Corporation)

These are MSFT’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

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What changed

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Jul 29, 2026, accession 0001193125-26-323660.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

What this cannot tell you

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Then we check your line against newly filed data and write to you the night our data shows it broke. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published. It is Professional, the plan a new account starts on for 30 days, one trial per person.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, and what it can mean for a thesis.

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