Tearsheet

Microsoft (MSFT)

Market Price (9/18/2025): $510.49 | Market Cap: $3.8 Tril
Sector: Information Technology | Industry: Systems Software

Microsoft (MSFT)

Market Price (9/18/2025): $510.49
Market Cap: $3.8 Tril
Sector: Information Technology
Industry: Systems Software

Investment Highlights

0	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 46%	Trading close to highs Dist 52W High is -4.6%, Dist 3Y High is -4.6%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%, CFO LTM is 136 Bil, FCF LTM is 72 Bil
2	Low stock price volatility Vol 12M is 25%

0	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 46%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%, CFO LTM is 136 Bil, FCF LTM is 72 Bil
2	Low stock price volatility Vol 12M is 25%
3	Trading close to highs Dist 52W High is -4.6%, Dist 3Y High is -4.6%

Market Valuation

	9/18/25	2024	2023	2022
Share Price CYE	$510.49	$419.20	$371.21	$234.66
Market Cap CYE ($ Bil)	3,792.9	3,116.7	2,758.8	1,748.4
Total Debt ($ Bil)	60.6	60.6	67.1	60.0
Total Cash ($ Bil)	94.6	94.6	75.5	111.3
Enterprise Value ($ Bil)	3,759.0	3,177.3	2,825.9	1,808.4
Valuation Ratios
P/S TTM	13.5	11.1	11.4	8.4
P/EBIT TTM	30.1	24.9	25.2	19.6
P/E TTM	37.2	30.8	31.7	24.7
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8	2.5
P/EBIT TTM (Sector)	3.9	-0.0	-0.1	-0.5
P/E TTM (Sector)	-0.4	-0.3	-0.4	-0.5

	9/18/25	2024
Share Price CYE	$510.49	$419.20
Market Cap CYE ($ Bil)	3,792.9	3,116.7
Total Debt ($ Bil)	60.6	60.6
Total Cash ($ Bil)	94.6	94.6
Enterprise Value ($ Bil)	3,759.0	3,177.3
Valuation Ratios
P/S TTM	13.5	11.1
P/EBIT TTM	30.1	24.9
P/E TTM	37.2	30.8
Sector Ratios
P/S TTM (Sector)	3.2	3.1
P/EBIT TTM (Sector)	3.9	-0.0
P/E TTM (Sector)	-0.4	-0.3

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions. Its Intelligent Cloud segment licenses SQL, Windows Servers, Visual Studio, System Center, and related CALs; GitHub that provides a collaboration platform and code hosting service for developers; and Azure, a cloud platform. Show more Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions. Its Intelligent Cloud segment licenses SQL, Windows Servers, Visual Studio, System Center, and related CALs; GitHub that provides a collaboration platform and code hosting service for developers; and Azure, a cloud platform. It also offers support services and Microsoft consulting services to assist customers in developing, deploying, and managing Microsoft server and desktop solutions; and training and certification on Microsoft products. Its More Personal Computing segment provides Windows original equipment manufacturer (OEM) licensing and other non-volume licensing of the Windows operating system; Windows Commercial, such as volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings; patent licensing; Windows Internet of Things; and MSN advertising. It also offers Surface, PC accessories, PCs, tablets, gaming and entertainment consoles, and other devices; Gaming, including Xbox hardware, and Xbox content and services; video games and third-party video game royalties; and Search, including Bing and Microsoft advertising. It sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online stores, and retail stores. It has collaborations with Dynatrace, Inc., Morgan Stanley, Micro Focus, WPP plc, ACI Worldwide, Inc., and iCIMS, Inc., as well as strategic relationships with Avaya Holdings Corp. and wejo Limited. Microsoft Corporation was founded in 1975 and is based in Redmond, Washington. Show less

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MSFT Return	43%	52%	-28%	58%	13%	22%	240%
Peers Return	47%	26%	-40%	57%	23%	4%	122%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AAPL, GOOGL, AMZN, GEN, S. See MSFT Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Interactive Breakdown

Microsoft Interactive Breakdown Analysis

Better Bets than Microsoft (MSFT)

	MSFT	Better Performance than MSFT
Metric	Value	Industry (Systems Software)
Rev Chg LTM	14.9%	NOW (21.1%), CRWD (23.5%), NET (27.8%), ZS (23.3%), AFRM (38.8%)
Rev Chg 3Y Avg	12.5%	NOW (22.3%), PANW (18.9%), CRWD (33.5%), NET (34.5%), FTNT (18.7%)
Op Mgn LTM	45.6%	STNE (49.4%)
CFO/Rev LTM	48.3%	KLAR (87.1%)
FCF/Rev LTM	25.4%	NOW (31.6%), PANW (37.6%), FTNT (32.1%), ZS (27.2%), CHKP (43.5%)
Total Yield	3.3%	CHKP (4.1%), GEN (5.1%), DOX (8.3%), QLYS (3.9%), DLO (7.1%)

	MSFT	Better Performance than MSFT
Metric	Value	Sector (Information Technology)
Rev Chg LTM	14.9%	NVDA (71.6%), AVGO (28.0%), PLTR (38.8%), AMD (27.2%), NOW (21.1%)
Rev Chg 3Y Avg	12.5%	NVDA (92.0%), AVGO (24.0%), PLTR (25.7%), NOW (22.3%), SHOP (26.0%)
Op Mgn LTM	45.6%	NVDA (58.1%), VRSN (67.9%), IDCC (60.4%), STNE (49.4%), NVEC (61.1%)
CFO/Rev LTM	48.3%	PLTR (50.3%), ANET (50.9%), VRSN (61.2%), ADEA (53.4%), NVEC (54.2%)
FCF/Rev LTM	25.4%	NVDA (43.6%), AVGO (41.6%), PLTR (49.7%), CRM (31.6%), NOW (31.6%)
Total Yield	3.3%	CSCO (6.2%), IBM (5.0%), CRM (3.4%), QCOM (8.5%), MU (3.8%)

	MSFT	Better Performance than MSFT
Metric	Value	All Other Sectors
Rev Chg LTM	14.9%	META (19.4%), LLY (36.8%), MS (16.7%), RTX (15.4%), RY (16.4%)
Rev Chg 3Y Avg	12.5%	META (13.0%), TSLA (12.9%), BRK-B (16.6%), JPM (13.5%), LLY (23.4%)
Op Mgn LTM	45.6%	V (66.5%), MA (58.0%), MCD (46.1%), APP (55.6%), MO (59.0%)
CFO/Rev LTM	48.3%	META (56.4%), V (60.4%), MA (53.3%), RY (135.4%), APP (53.7%)
FCF/Rev LTM	25.4%	META (30.7%), V (56.8%), MA (49.2%), ABBV (31.3%), MCD (26.5%)
Total Yield	3.3%	GOOGL (4.1%), META (3.7%), BRK-B (5.9%), JPM (6.5%), WMT (3.4%)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Microsoft Earnings Notes
2	A Decade of Rewards: MSFT Returns $364 Bil to Investors
3	Microsoft vs InterDigital: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	How Does MSFT Stack Up Against Its Peers?	Peer Comparison
5	Better Bet Than MSFT Stock: Pay Less Than Microsoft To Get More From META, LLY
6	Better Bet Than MSFT Stock: Pay Less Than Microsoft To Get More From FSLR, IDCC
7	Why Microsoft Stock Moved: MSFT Stock Has Gained 117% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
8	[7/14/2025] Better Bet Than MSFT Stock: Pay Less Than Microsoft To Get More From Industry Peers CLBT, XYZ, GEN	Better Bets
9	[7/14/2025] Better Bet Than MSFT Stock: Pay Less Than Microsoft To Get More From Industry Peers CLBT, XYZ, GEN	Better Bets
10	[7/14/2025] Better Bet Than MSFT Stock: Pay Less Than Microsoft To Get More From Industry Peers CLBT, XYZ, GEN	Better Bets
11	ARTICLES
12	Wait For A Dip To Pick Microsoft Stock?		September 15th, 2025
13	PANW’s One-Month Rally Offers a Chance to Reevaluate MSFT		September 9th, 2025
14	After FTNT’s 22% Single Month Slide, MSFT Looks Like the Stronger Long-Term Play		August 29th, 2025
15	Should You Buy, Sell, or Hold Microsoft Stock?		August 27th, 2025
16	MSFT Capital Return Hits $364 Bil in 10 Years		August 20th, 2025

	Title
0	DASHBOARDS
1	Wait For A Dip To Pick Microsoft Stock?
2	PANW’s One-Month Rally Offers a Chance to Reevaluate MSFT
3	After FTNT’s 22% Single Month Slide, MSFT Looks Like the Stronger Long-Term Play
4	Should You Buy, Sell, or Hold Microsoft Stock?
5	MSFT Capital Return Hits $364 Bil in 10 Years
6	ARTICLES
7	Microsoft Earnings Notes
8	A Decade of Rewards: MSFT Returns $364 Bil to Investors
9	Microsoft vs InterDigital: Which Is A Better Investment?
10	How Does MSFT Stack Up Against Its Peers?
11	Better Bet Than MSFT Stock: Pay Less Than Microsoft To Get More From META, LLY
12	Better Bet Than MSFT Stock: Pay Less Than Microsoft To Get More From FSLR, IDCC
13	Why Microsoft Stock Moved: MSFT Stock Has Gained 117% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
14	[7/14/2025] Better Bet Than MSFT Stock: Pay Less Than Microsoft To Get More From Industry Peers CLBT, XYZ, GEN
15	[7/14/2025] Better Bet Than MSFT Stock: Pay Less Than Microsoft To Get More From Industry Peers CLBT, XYZ, GEN
16	[7/14/2025] Better Bet Than MSFT Stock: Pay Less Than Microsoft To Get More From Industry Peers CLBT, XYZ, GEN

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ECDA	ECD Automotive Design	3937.1%	307.9%
2	ATHA	Athira Pharma	890.3%	544.3%
3	SPRC	SciSparc	142.9%	1141.7%
4	ATCH	AtlasClear	87.4%	-83.1%
5	GV	Visionary	68.2%	14.8%
6	APLM	Apollomics	51.3%	89.1%
7	SQFT	Presidio Property Trust	46.3%	11.0%
8	CDT	CDT Equity	40.1%	-99.1%
9	EDUC	Educational Development	31.8%	9.1%
10	ILLR	Triller	29.8%	-37.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	CURX	Curanex Pharmaceuticals	-83.5%	148.4%
2	CODX	Co-Diagnostics	-34.7%	-44.4%
3	BOXL	Boxlight	-34.5%	-13.5%
4	OPI	Office Properties Income Trust	-31.8%	-40.9%
5	BIAF	bioAffinity Technologies	-30.0%	-79.9%
6	ENVB	Enveric Biosciences	-29.3%	-88.0%
7	KAVL	Kaival Brands Innovations	-27.3%	-46.7%
8	AEI	Alset	-25.5%	211.8%
9	INBS	Intelligent Bio Solutions	-25.0%	0.7%
10	LVRO	Lavoro	-23.0%	-67.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	ECDA	ECD Automotive Design	3347.2%	307.9%
2	BDSX	Biodesix	1090.6%	-79.7%
3	CLSD	Clearside Biomedical	987.7%	-74.7%
4	ATHA	Athira Pharma	892.1%	544.3%
5	SDOT	Sadot	690.6%	-79.9%
6	ATCH	AtlasClear	684.9%	-83.1%
7	HSDT	Helius Medical Technologies	232.1%	-95.5%
8	CHEK	Check-Cap	222.2%	134.4%
9	APLM	Apollomics	197.8%	89.1%
10	SPRC	SciSparc	147.0%	1141.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	CURX	Curanex Pharmaceuticals	-80.5%	148.4%
2	ATYR	aTyr Pharma	-80.4%	-71.7%
3	NAKA	Kindly MD	-70.2%
4	BNGO	Bionano Genomics	-64.0%	-89.8%
5	XAGE	Longevity Health	-57.6%	-86.1%
6	FAAS	DigiAsia	-55.4%	-88.0%
7	ASST	Strive	-54.5%	650.3%
8	VCIG	VCI Global	-51.0%	-98.9%
9	REX	REX American Resources	-50.7%	44.3%
10	RBNE	Robin Energy	-42.6%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11931.7%	11931.7%
2	GIBO	GIBO	10714.0%
3	LNZA	LanzaTech Global	8455.2%	-86.3%
4	GTI	Graphjet Technology	3998.4%	-93.1%
5	GWAV	Greenwave Technology Solutions	3582.8%	-91.4%
6	QMMM	QMMM	3409.6%	8153.1%
7	ECDA	ECD Automotive Design	2715.2%	307.9%
8	OESX	Orion Energy Systems	1373.7%	14.2%
9	OP	OceanPal	1266.5%	-95.6%
10	BCTX	BriaCell Therapeutics	1032.4%	-89.8%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-94.5%	-96.0%
2	STFS	Star Fashion Culture	-92.3%	-97.9%
3	ELPW	Elong Power	-91.1%	-76.9%
4	NXTT	Next Technology	-90.1%	-95.4%
5	EPIX	ESSA Pharma	-89.4%	-8.9%
6	NAKA	Kindly MD	-88.1%
7	BINI	Bollinger Innovations	-87.6%	-100.0%
8	JEM	707 Cayman	-87.4%	-98.2%
9	YAAS	Youxin Technology	-83.3%	-98.4%
10	NEON	Neonode	-82.5%	-51.0%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ECDA	ECD Automotive Design	3937.1%	307.9%
2	ATHA	Athira Pharma	890.3%	544.3%
3	SPRC	SciSparc	142.9%	1141.7%
4	ATCH	AtlasClear	87.4%	-83.1%
5	GV	Visionary	68.2%	14.8%
6	APLM	Apollomics	51.3%	89.1%
7	SQFT	Presidio Property Trust	46.3%	11.0%
8	CDT	CDT Equity	40.1%	-99.1%
9	EDUC	Educational Development	31.8%	9.1%
10	ILLR	Triller	29.8%	-37.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	CURX	Curanex Pharmaceuticals	-83.5%	148.4%
2	CODX	Co-Diagnostics	-34.7%	-44.4%
3	BOXL	Boxlight	-34.5%	-13.5%
4	OPI	Office Properties Income Trust	-31.8%	-40.9%
5	BIAF	bioAffinity Technologies	-30.0%	-79.9%
6	ENVB	Enveric Biosciences	-29.3%	-88.0%
7	KAVL	Kaival Brands Innovations	-27.3%	-46.7%
8	AEI	Alset	-25.5%	211.8%
9	INBS	Intelligent Bio Solutions	-25.0%	0.7%
10	LVRO	Lavoro	-23.0%	-67.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	ECDA	ECD Automotive Design	3347.2%	307.9%
2	BDSX	Biodesix	1090.6%	-79.7%
3	CLSD	Clearside Biomedical	987.7%	-74.7%
4	ATHA	Athira Pharma	892.1%	544.3%
5	SDOT	Sadot	690.6%	-79.9%
6	ATCH	AtlasClear	684.9%	-83.1%
7	HSDT	Helius Medical Technologies	232.1%	-95.5%
8	CHEK	Check-Cap	222.2%	134.4%
9	APLM	Apollomics	197.8%	89.1%
10	SPRC	SciSparc	147.0%	1141.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	CURX	Curanex Pharmaceuticals	-80.5%	148.4%
2	ATYR	aTyr Pharma	-80.4%	-71.7%
3	NAKA	Kindly MD	-70.2%
4	BNGO	Bionano Genomics	-64.0%	-89.8%
5	XAGE	Longevity Health	-57.6%	-86.1%
6	FAAS	DigiAsia	-55.4%	-88.0%
7	ASST	Strive	-54.5%	650.3%
8	VCIG	VCI Global	-51.0%	-98.9%
9	REX	REX American Resources	-50.7%	44.3%
10	RBNE	Robin Energy	-42.6%

Peer Comparisons for Microsoft

Financials

	MSFT	AAPL	GOOGL	AMZN	GEN	S	Median
Name	Microsoft	Apple	Alphabet	Amazon.c.	Gen Digi.	Sentinel.
Mkt Price	510.02	238.99	249.53	231.62	28.66	18.36	235.31
Mkt Cap	3,789.4	3,561.6	3,024.8	2,463.7	17.7	6.1	2,744.3
Rev LTM	281,724	408,625	371,399	670,038	4,227	907	326,562
Op Inc LTM	128,528	130,214	121,370	76,190	1,660	-328	98,780
FCF LTM	71,611	96,184	66,728	13,481	1,349	17	40,104
FCF 3Y Avg	68,386	100,503	66,203	21,677	1,398	-44	43,940
CFO LTM	136,162	108,565	133,708	121,137	1,366	41	114,851
CFO 3Y Avg	114,097	111,559	112,636	96,977	1,412	-22	104,268

Growth & Margins

	MSFT	AAPL	GOOGL	AMZN	GEN	S	Median
Name	Microsoft	Apple	Alphabet	Amazon.c.	Gen Digi.	Sentinel.
Rev Chg LTM	14.9%	6.0%	13.1%	10.9%	10.6%	25.4%	12.0%
Rev Chg 3Y Avg	12.5%	1.8%	10.2%	11.3%	14.8%	45.6%	11.9%
Rev Chg Q	18.1%	9.6%	13.8%	13.3%	30.3%	21.7%	15.9%
QoQ Delta Rev Chg LTM	4.3%	2.1%	3.2%	3.0%	7.4%	5.0%	3.8%
Op Mgn LTM	45.6%	31.9%	32.7%	11.4%	39.3%	-36.2%	32.3%
Op Mgn 3Y Avg	44.0%	30.8%	29.4%	7.9%	36.6%	-53.2%	30.1%
QoQ Delta Op Mgn LTM	0.4%	0.1%	0.0%	0.3%	-1.9%	2.1%	0.2%
CFO/Rev LTM	48.3%	26.6%	36.0%	18.1%	32.3%	4.5%	29.4%
CFO/Rev 3Y Avg	46.0%	28.4%	34.1%	15.8%	36.3%	-5.5%	31.3%
FCF/Rev LTM	25.4%	23.5%	18.0%	2.0%	31.9%	1.8%	20.8%
FCF/Rev 3Y Avg	27.9%	25.6%	20.3%	3.5%	35.9%	-8.7%	23.0%

Valuation

	MSFT	AAPL	GOOGL	AMZN	GEN	S	Median
Name	Microsoft	Apple	Alphabet	Amazon.c.	Gen Digi.	Sentinel.
Mkt Cap	3,789.4	3,561.6	3,024.8	2,463.7	17.7	6.1	2,744.3
P/S	13.5	8.7	8.1	3.7	4.2	6.7	7.4
P/EBIT	30.1	27.4	21.6	28.9	10.8	-19.9	24.5
P/E	37.2	35.9	26.2	34.9	29.6	-14.2	32.3
P/CFO	27.8	32.8	22.6	20.3	12.9	149.4	25.2
Total Yield	3.3%	3.2%	4.1%	2.9%	5.1%	-7.1%	3.3%
Dividend Yield	0.6%	0.4%	0.3%	0.0%	1.8%	0.0%	0.4%
FCF Yield 3Y Avg	2.2%	3.2%	3.5%	1.1%	9.1%	-1.0%	2.7%
D/E	0.0	0.0	0.0	0.1	0.5	0.0	0.0
Net D/E	-0.0	0.0	-0.0	0.0	0.5	-0.1	0.0

Returns

	MSFT	AAPL	GOOGL	AMZN	GEN	S	Median
Name	Microsoft	Apple	Alphabet	Amazon.c.	Gen Digi.	Sentinel.
1M Rtn	-1.4%	3.5%	22.7%	0.1%	-8.6%	7.9%	1.8%
3M Rtn	6.4%	21.7%	44.1%	9.0%	-2.0%	4.3%	7.7%
6M Rtn	32.0%	11.3%	52.6%	18.5%	3.6%	-5.6%	14.9%
12M Rtn	18.1%	10.8%	57.3%	23.9%	10.2%	-26.4%	14.4%
3Y Rtn	113.6%	61.1%	144.4%	87.5%	43.8%	-30.6%	74.3%
1M Excs Rtn	-3.7%	1.2%	20.4%	-2.3%	-11.0%	5.6%	-0.6%
3M Excs Rtn	-3.5%	12.0%	31.6%	-2.5%	-13.7%	-7.2%	-3.0%
6M Excs Rtn	15.9%	-4.9%	38.1%	2.6%	-13.6%	-22.8%	-1.2%
12M Excs Rtn	2.0%	-9.4%	41.9%	6.9%	-7.3%	-36.4%	-2.6%
3Y Excs Rtn	35.5%	-12.0%	66.1%	9.2%	-26.2%	-98.0%	-1.4%

Comparison Analyses

	Title
0	How Does MSFT Stack Up Against Its Peers?
1	Microsoft vs. Salesforce: With Return Forecast Of 27%-29%, Both Seem Like Good Bets
2	Microsoft vs. NVIDIA: With Return Forecast Of 26%, Microsoft Is A Better Bet
3	Microsoft vs. Apple: With Return Forecast Of 8.6%, Microsoft Is A Better Bet
4	Microsoft vs. Intuit: With Return Forecast Of 19%, Intuit Is A Better Bet
5	Microsoft vs. Adobe: With Return Forecast Of 55%, Adobe Is A Better Bet
6	Microsoft vs. Cardinal Health: Both Seem Similar Bets
7	Microsoft vs. Costco Wholesale: With Return Forecast Of 7.6%, Microsoft Is A Better Bet
8	Microsoft vs. Chevron: With Return Forecast Of 7.1%, Microsoft Is A Better Bet
9	Microsoft vs. Cigna: With Return Forecast Of 57%, Cigna Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 6/30	LTM	2025	2024	2023	2022	2021	2020
Period End	6/30/2025	6/30/2025	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020
Filing Date	7/30/2025	7/30/2025	7/30/2024	7/27/2023	7/28/2022	7/29/2021	7/31/2020
Key Financials
Total Revenue	281,724	281,724	245,122	211,915	198,270	168,088	143,015
EBITDA	160,165	160,165	133,009	105,140	100,239	85,134	68,423
Operating Income	128,528	128,528	109,433	88,523	83,383	69,916	52,959
Net Income	101,832	101,832	88,136	72,361	72,738	61,271	44,281
EPS	13.69	13.70	11.86	9.72	9.70	8.12	5.82
Growth Rates
Total Revenue Growth	14.9%	14.9%	15.7%	6.9%	18.0%	17.5%	13.6%
EBITDA Growth	20.4%	20.4%	26.5%	4.9%	17.7%	24.4%	17.9%
Operating Income Growth	17.4%	17.4%	23.6%	6.2%	19.3%	32.0%	23.3%
Net Income Growth	15.5%	15.5%	21.8%	-0.5%	18.7%	38.4%	12.8%
Margins
EBITDA Margin	56.9%	56.9%	54.3%	49.6%	50.6%	50.6%	47.8%
Operating Income Margin	45.6%	45.6%	44.6%	41.8%	42.1%	41.6%	37.0%
Net Income Margin	36.1%	36.1%	36.0%	34.1%	36.7%	36.5%	31.0%
Cash & Debt
Total Cash	94,555	94,555	75,531	111,256	104,749	130,256	136,492
Total Debt	60,588	60,588	67,127	59,965	61,270	67,775	70,998
Net Debt / (Cash)	-33,967	-33,967	-8,404	-51,291	-43,479	-62,481	-65,494
Cash Flows
Net Cash from Operations	136,162	136,162	118,548	87,582	89,035	76,740	60,675
Free Cash from Operations	71,611	71,611	74,071	59,475	65,149	56,118	45,234
Returns to Shareholders
Dividends	24,082	24,082	21,771	19,800	18,135	16,521	15,137
Share Repurchases	18,420	18,420	17,254	22,245	32,696	27,385	22,968

$ Mil \| FY: 6/30	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	7/30/2025	4/30/2025	1/29/2025	10/30/2024	7/30/2024	4/25/2024	1/30/2024	10/24/2023	7/27/2023	4/25/2023	1/24/2023	10/25/2022
Key Financials Quarterly
Total Revenue	76,441	70,066	69,632	65,585	64,727	61,858	62,020	56,517	56,189	52,857	52,747	50,122
Ebitda	44,434	40,711	36,786	38,234	34,331	33,554	33,394	31,730	29,083	26,718	24,477	24,862
Operating Income	34,323	32,000	31,653	30,552	27,925	27,581	27,032	26,895	24,254	22,352	20,399	21,518
Net Income	27,233	25,824	24,108	24,667	22,036	21,939	21,870	22,291	20,081	18,299	16,425	17,556
EPS	3.66	3.47	3.24	3.32	2.96	2.95	2.94	3.00	2.70	2.46	2.20	2.35
Key Financials TTM
Total Revenue TTM	281,724	270,010	261,802	254,190	245,122	236,584	227,583	218,310	211,915	207,591	204,094	203,075
Ebitda TTM	160,165	150,062	142,905	139,513	133,009	127,761	120,925	112,008	105,140	101,019	98,767	100,826
Operating Income TTM	128,528	122,130	117,711	113,090	109,433	105,762	100,533	93,900	88,523	84,803	82,815	84,663
Net Income TTM	101,832	96,635	92,750	90,512	88,136	86,181	82,541	77,096	72,361	69,020	67,449	69,789
Growth Rates Quarterly
Total Revenue Growth	18.1%	13.3%	12.3%	16.0%	15.2%	17.0%	17.6%	12.8%	8.3%	7.1%	2.0%	10.6%
EBITDA Growth	29.4%	21.3%	10.2%	20.5%	18.0%	25.6%	36.4%	27.6%	16.5%	9.2%	-7.8%	2.4%
Operating Income Growth	22.9%	16.0%	17.1%	13.6%	15.1%	23.4%	32.5%	25.0%	18.1%	9.8%	-8.3%	6.3%
Net Income Growth	23.6%	17.7%	10.2%	10.7%	9.7%	19.9%	33.2%	27.0%	20.0%	9.4%	-12.5%	-14.4%
Margins Quarterly
EBITDA Margin	58.1%	58.1%	52.8%	58.3%	53.0%	54.2%	53.8%	56.1%	51.8%	50.5%	46.4%	49.6%
Operating Income Margin	44.9%	45.7%	45.5%	46.6%	43.1%	44.6%	43.6%	47.6%	43.2%	42.3%	38.7%	42.9%
Net Income Margin	35.6%	36.9%	34.6%	37.6%	34.0%	35.5%	35.3%	39.4%	35.7%	34.6%	31.1%	35.0%
Cash & Debt
Total Cash	94,555	79,612	71,551	78,429	75,531	80,013	80,982	143,945	111,256	104,419	99,495	107,244
Total Debt	60,588	60,567	62,224	61,478	67,127	79,911	88,374	84,989	59,965	60,522	60,114	60,282
Net Debt / (Cash)	-33,967	-19,045	-9,327	-16,951	-8,404	-102	7,392	-58,956	-51,291	-43,897	-39,381	-46,962
Cash Flows Quarterly
FCF from Operations	42,647	37,044	22,291	34,180	37,195	31,917	18,853	30,583	28,770	24,441	11,173	23,198
Cash Flows TTM
FCF from Operations TTM	136,162	130,710	125,583	122,145	118,548	110,123	102,647	94,967	87,582	83,441	84,386	87,693
Returns to Shareholders Quarterly
Dividends	6,169	6,169	6,170	5,574	5,574	5,572	5,574	5,051	5,054	5,059	5,066	4,621
Share Repurchases	4,546	4,781	4,986	4,107	4,210	4,213	4,000	4,831	5,704	5,509	5,459	5,573
Return on Invested Capital (ROIC) Quarterly
ROIC	159.7%	126.8%	115.6%	121.7%	103.9%	96.7%	89.2%	296.8%	218.3%	169.6%	148.5%	204.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	147.5%	120.1%	106.9%	112.9%	102.9%	92.5%	82.1%	257.3%	198.8%	161.7%	152.4%	203.6%

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$510.02
Market Cap ($ Bil)	3,789.4
First Trading Date	03/13/1986
Distance from 52W High	-4.6%
	50 Days	200 Days
DMA Price	$510.78	$446.19
DMA Trend	up	up
Distance from DMA	-0.1%	14.3%
	3M	1YR
Volatility	16.5%	24.8%
Downside Capture	0.26	0.69
Upside Capture	72.77	92.64
Correlation (SPY)	45.2%	72.5%

MSFT Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.99	0.75	0.72	0.87	0.93	1.11
Up Beta	0.98	0.93	0.91	0.96	0.96	1.17
Down Beta	0.83	0.90	0.74	0.70	0.85	1.03
Up Capture	54%	55%	70%	104%	95%	150%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	7	19	34	69	134	399
Down Capture	175%	71%	57%	79%	94%	102%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	14	23	29	57	115	352

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	58,491,994
Short Interest: % Change Since 8152025	4.1%
Average Daily Volume	22,262,516
Days-to-Cover Short Interest	2.63
Basic Shares Quantity	7,430,000,000
Short % of Basic Shares	0.8%

Returns Analyses

	Title
0	MSFT YTD Stock Return Of 6.8% Outperforms GOOG by 23% and Outperforms INTU by 1.1%
1	Will You Be Comfortable Buying Microsoft Stock?
2	Microsoft During 2008 Recession vs. 2022 Inflation Shock: MSFT Stock Is Now 53% Higher Than Its Pre-Shock High
3	Microsoft (MSFT) Stock Has 59% Chance Of Rise In The Next One Month
4	Microsoft Stock Return Comparison
5	[10/3/2021] Microsoft (MSFT) Stock Price Forecast: AI Forecasts MSFT Stock Price To Be Around $297 In A Month (Up 2.9%)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/30/2025	3.9%	2.3%	-0.5%
4/30/2025	7.6%	9.6%	16.7%
1/29/2025	-6.2%	-6.6%	-10.1%
10/30/2024	-6.1%	-2.9%	-1.9%
7/30/2024	-1.1%	-5.5%	-2.7%
4/25/2024	1.8%	-0.3%	8.0%
1/30/2024	-2.7%	-0.8%	1.4%
10/24/2023	3.1%	2.3%	14.5%
...
SUMMARY STATS
# Positive	13	14	14
# Negative	11	10	10
Median Positive	3.1%	4.8%	6.8%
Median Negative	-3.8%	-3.9%	-2.7%
Max Positive	7.6%	10.9%	16.7%
Max Negative	-7.7%	-9.0%	-10.1%

	Forward Returns
7/30/2025	3.9%	2.3%	-0.5%
4/30/2025	7.6%	9.6%	16.7%
1/29/2025	-6.2%	-6.6%	-10.1%
10/30/2024	-6.1%	-2.9%	-1.9%
7/30/2024	-1.1%	-5.5%	-2.7%
4/25/2024	1.8%	-0.3%	8.0%
1/30/2024	-2.7%	-0.8%	1.4%
10/24/2023	3.1%	2.3%	14.5%
7/25/2023	-3.8%	-4.2%	-6.6%
4/25/2023	7.2%	10.9%	14.2%
1/24/2023	-0.6%	2.4%	5.5%
10/25/2022	-7.7%	-9.0%	-1.0%
7/26/2022	6.7%	9.1%	9.7%
4/26/2022	4.8%	4.3%	-2.6%
1/25/2022	2.8%	7.0%	2.3%
10/26/2021	4.2%	7.4%	9.2%
7/27/2021	-0.1%	0.2%	5.6%
4/27/2021	-2.8%	-5.4%	-3.8%
1/26/2021	0.2%	3.1%	-1.2%
10/27/2020	-5.0%	-3.2%	0.6%
7/22/2020	-4.3%	-3.6%	1.6%
4/29/2020	1.0%	2.9%	3.6%
1/29/2020	2.8%	7.1%	-3.3%
10/23/2019	2.0%	5.4%	9.3%
SUMMARY STATS
# Positive	13	14	14
# Negative	11	10	10
Median Positive	3.1%	4.8%	6.8%
Median Negative	-3.8%	-3.9%	-2.7%
Max Positive	7.6%	10.9%	16.7%
Max Negative	-7.7%	-9.0%	-10.1%

SEC Filings

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Report Date	Filing Date	Filing
6302025	7302025	10-K 6/30/2025
3312025	4302025	10-Q 3/31/2025
12312024	1292025	10-Q 12/31/2024
9302024	10302024	10-Q 9/30/2024
6302024	7302024	10-K 6/30/2024
3312024	4252024	10-Q 3/31/2024
12312023	1302024	10-Q 12/31/2023
9302023	10242023	10-Q 9/30/2023
6302023	7272023	10-K 6/30/2023
3312023	4252023	10-Q 3/31/2023
12312022	1242023	10-Q 12/31/2022
9302022	10252022	10-Q 9/30/2022
6302022	7282022	10-K 6/30/2022
3312022	4262022	10-Q 3/31/2022
12312021	1252022	10-Q 12/31/2021
9302021	10262021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Numoto Takeshi	EVP, Chief Marketing Officer	8132025	Sell	525.55	2,000	1,051,110	22,036,481	Form
1	Numoto Takeshi	EVP, Chief Marketing Officer	6042025	Sell	463.00	3,000	1,389,000	20,339,555	Form
2	Numoto Takeshi	EVP, Chief Marketing Officer	6022025	Sell	460.01	1,000	460,008	21,646,908	Form
3	Hogan Kathleen T	EVP, Strategy	5222025	Sell	453.77	21,500	9,756,152	61,208,669	Form
4	Althoff Judson	EVP, Chief Commercial Officer	5202025	Sell	457.97	9,298	4,258,205	47,954,971	Form

Industry Resources

Systems Software Resources

Software Development Times

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Microsoft (MSFT)

Market Price (9/18/2025): $510.49 | Market Cap: $3.8 TrilSector: Information Technology | Industry: Systems Software

Microsoft (MSFT)

Market Price (9/18/2025): $510.49Market Cap: $3.8 TrilSector: Information TechnologyIndustry: Systems Software

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Market Price (9/18/2025): $510.49 | Market Cap: $3.8 Tril
Sector: Information Technology | Industry: Systems Software

Market Price (9/18/2025): $510.49
Market Cap: $3.8 Tril
Sector: Information Technology
Industry: Systems Software