CSCO vs SMCI
Cisco Systems, Inc. and Super Micro Computer, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CSCO | SMCI |
|---|---|---|
| Revenue | $56.7B | $39.1B |
| Net income | $10.2B | $2.2B |
| Gross margin | 64.9% | 10.8% |
| Net margin | 18.0% | 5.7% |
| Return on equity | 22.1% | 21.5% |
| Diluted EPS | $2.55 | $3.26 |
| Dividend / share | $1.62 | · |
| Payout ratio | 63.2% | · |
| Free cash flow | $13.3B | $-7.0B |
| Equity | $46.8B | $14.5B |
| Net debt / equity | 0.35× | · |
| Current ratio | 1.00× | 3.87× |
| Revenue CAGR 5y | 2.8% | 61.5% |
| Profit CAGR 5y | −1.9% | 81.9% |
CSCO bills 1.5× the revenue of SMCI, and keeps more of each dollar of revenue as profit (18.0% against 5.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CSCO | SMCI |
|---|---|---|
| FY2025 | $56.7B | $39.1B |
| FY2024 | $53.8B | $22.0B |
| FY2023 | $57.0B | $15.0B |
| FY2022 | $51.6B | $7.1B |
| FY2021 | $49.8B | $5.2B |
| FY2020 | $49.3B | $3.6B |
| FY2019 | $51.9B | $3.3B |
| FY2018 | $49.3B | $3.5B |
| FY2017 | $48.0B | $3.4B |
| FY2016 | $49.2B | $2.5B |
Bottom line
| Fiscal year | CSCO | SMCI |
|---|---|---|
| FY2025 | $10.2B | $2.2B |
| FY2024 | $10.3B | $1.0B |
| FY2023 | $12.6B | $1.2B |
| FY2022 | $11.8B | $640.0M |
| FY2021 | $10.6B | $285.2M |
| FY2020 | $11.2B | $111.9M |
| FY2019 | $11.6B | $84.3M |
| FY2018 | $110.0M | $71.9M |
| FY2017 | $9.6B | $46.2M |
| FY2016 | $10.7B | $66.9M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$17,590,928,000 | CSCO |
| FY2024 | +$31,830,958,000 | CSCO |
| FY2023 | +$42,008,749,000 | CSCO |
| FY2022 | +$44,433,518,000 | CSCO |
| FY2021 | +$44,621,901,000 | CSCO |
| FY2020 | +$45,743,578,000 | CSCO |
| FY2019 | +$48,564,719,000 | CSCO |
| FY2018 | +$45,829,640,000 | CSCO |
| FY2017 | +$44,644,508,000 | CSCO |
| FY2016 | +$46,762,071,000 | CSCO |
| FY2015 | +$46,935,978,000 | CSCO |
| FY2014 | +$45,187,647,000 | CSCO |
| FY2013 | +$47,139,798,000 | CSCO |
| FY2012 | +$44,898,439,000 | CSCO |
| FY2011 | +$42,204,126,000 | CSCO |
| FY2010 | +$39,097,418,000 | CSCO |
| FY2009 | +$35,395,562,000 | CSCO |
CSCO has reported the higher revenue in every one of these 17 fiscal years. The gap has narrowed since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +12.3 pp | CSCO |
| FY2024 | +14.4 pp | CSCO |
| FY2023 | +14.4 pp | CSCO |
| FY2022 | +13.9 pp | CSCO |
| FY2021 | +15.8 pp | CSCO |
| FY2020 | +19.6 pp | CSCO |
| FY2019 | +19.9 pp | CSCO |
| FY2018 | −1.8 pp | SMCI |
| FY2017 | +18.6 pp | CSCO |
| FY2016 | +19.1 pp | CSCO |
| FY2015 | +15.0 pp | CSCO |
| FY2014 | +11.9 pp | CSCO |
| FY2013 | +16.8 pp | CSCO |
| FY2012 | +15.6 pp | CSCO |
| FY2011 | +12.1 pp | CSCO |
| FY2010 | +15.1 pp | CSCO |
| FY2009 | +13.3 pp | CSCO |
The higher net margin has changed hands between CSCO and SMCI over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CSCO's net margin has been more volatile than SMCI's over the 17 comparable fiscal years — 5.1 percentage points of standard deviation against 2.0.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CSCO and SMCI over these 17 fiscal years — CSCO led in 16 and SMCI in 1.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SMCI's return on equity has been more volatile than CSCO's over the 17 comparable fiscal years — 8.6 percentage points of standard deviation against 7.8.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CSCO and SMCI over these 17 fiscal years — CSCO led in 13 and SMCI in 4.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.