Net Profit Margin
since 2005
Calculation
Cisco Systems Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Jul 26, 2025 | 17.97% | = | 100 | × | 10,180) | ÷ | 56,654) |
| Jul 27, 2024 | 19.18% | = | 100 | × | 10,320) | ÷ | 53,803) |
| Jul 29, 2023 | 22.13% | = | 100 | × | 12,613) | ÷ | 56,998) |
| Jul 30, 2022 | 22.91% | = | 100 | × | 11,812) | ÷ | 51,557) |
| Jul 31, 2021 | 21.26% | = | 100 | × | 10,591) | ÷ | 49,818) |
| Jul 25, 2020 | 22.75% | = | 100 | × | 11,214) | ÷ | 49,301) |
| Jul 27, 2019 | 22.39% | = | 100 | × | 11,621) | ÷ | 51,904) |
| Jul 28, 2018 | 0.22% | = | 100 | × | 110) | ÷ | 49,330) |
| Jul 29, 2017 | 20.02% | = | 100 | × | 9,609) | ÷ | 48,005) |
| Jul 30, 2016 | 21.81% | = | 100 | × | 10,739) | ÷ | 49,247) |
| Jul 25, 2015 | 18.27% | = | 100 | × | 8,981) | ÷ | 49,161) |
| Jul 26, 2014 | 16.66% | = | 100 | × | 7,853) | ÷ | 47,142) |
| Jul 27, 2013 | 20.54% | = | 100 | × | 9,983) | ÷ | 48,607) |
| Jul 28, 2012 | 17.46% | = | 100 | × | 8,041) | ÷ | 46,061) |
| Jul 30, 2011 | 15.02% | = | 100 | × | 6,490) | ÷ | 43,218) |
| Jul 31, 2010 | 19.40% | = | 100 | × | 7,767) | ÷ | 40,040) |
| Jul 25, 2009 | 16.98% | = | 100 | × | 6,134) | ÷ | 36,117) |
| Jul 26, 2008 | 20.36% | = | 100 | × | 8,052) | ÷ | 39,540) |
| Jul 28, 2007 | 21.00% | = | 100 | × | 7,333) | ÷ | 34,922) |
| Jul 29, 2006 | 19.59% | = | 100 | × | 5,580) | ÷ | 28,484) |
| Jul 30, 2005 | 23.15% | = | 100 | × | 5,741) | ÷ | 24,801) |
Based on: 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).
1 US$ in millions
- Revenue Trends
- Revenue demonstrated a general upward trend from approximately $24.8 billion in mid-2005 to a peak of about $57.0 billion by mid-2024, indicating overall growth over the analyzed period. However, this growth was not linear; revenue experienced some periods of decline, notably between 2008 and 2009, from about $39.5 billion to $36.1 billion, and more recently declines are seen in 2025 compared to 2024, dropping from around $56.9 billion to $53.8 billion. These fluctuations suggest sensitivity to external market or operational conditions.
- Net Income (Loss) Trends
- Net income fluctuated significantly throughout the period. Starting at $5.7 billion in 2005, net income rose substantially to over $11 billion by 2019, indicating strong profitability growth. Notably, net income saw a sharp decline in 2018 to a minimal $110 million, which likely represents an unusual or extraordinary event impacting profitability. After this dip, net income rebounded to over $11 billion in 2019 and maintained a range generally between $10 billion to $12 billion in subsequent years, except for a decrease in 2025 to about $10.2 billion. Overall, profitability showed resilience despite occasional volatility.
- Net Profit Margin Analysis
- The net profit margin experienced considerable variation but generally remained within a range of approximately 15% to 23% over the years. Starting at 23.15% in 2005, the margin decreased in some years, hitting lows around 15% in 2011. There were positive recoveries thereafter, with peaks exceeding 22% in years like 2016 and 2020. Exceptionally, in 2018, the margin plummeted sharply to 0.22%, mirroring the dramatic fall in net income, and suggesting an extraordinary or one-time loss likely impacted the results. The margin trend generally indicates consistent profitability relative to revenue, outside of isolated disruptive events.
- Overall Financial Health and Volatility
- The data reveals an overall positive growth trajectory in revenue complemented by fairly strong and stable net income and profit margins in most years. The company showed resilience in profitability post-2018 disruption, with rapid recovery and stable margins through 2024. The volatility observed in net income and margin highlights risk exposures, possibly due to market conditions or internal factors. The fluctuations in revenue and profitability emphasize the importance of managing operational efficiency and external risks to maintain steady growth.
Comparison to Competitors
Cisco Systems Inc., net profit margin, long-term trends, comparison to competitors
| Cisco Systems Inc. | Apple Inc. | Arista Networks Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|
| Jul 26, 2025 | 17.97% | — | — | 4.81% | 4.77% |
| Jul 27, 2024 | 19.18% | 23.97% | 40.73% | 3.63% | 7.69% |
| Jul 29, 2023 | 22.13% | 25.31% | 35.62% | 2.39% | 8.98% |
| Jul 30, 2022 | 22.91% | 25.31% | 30.87% | 5.50% | 5.49% |
| Jul 31, 2021 | 21.26% | 25.88% | 28.52% | 3.45% | 3.14% |
| Jul 25, 2020 | 22.75% | 20.91% | 27.38% | 5.01% | 2.52% |
| Jul 27, 2019 | 22.39% | 21.24% | 35.67% | -2.55% | 2.05% |
| Jul 28, 2018 | 0.22% | 22.41% | 15.25% | — | 1.37% |
| Jul 29, 2017 | 20.02% | 21.09% | 25.71% | — | 2.69% |
| Jul 30, 2016 | 21.81% | 21.19% | 16.31% | — | 3.25% |
| Jul 25, 2015 | 18.27% | 22.85% | 14.46% | — | 5.12% |
| Jul 26, 2014 | 16.66% | 21.61% | 14.87% | — | 3.69% |
| Jul 27, 2013 | 20.54% | 21.67% | — | — | 1.83% |
| Jul 28, 2012 | 17.46% | 26.67% | — | — | 2.94% |
| Jul 30, 2011 | 15.02% | 23.95% | — | — | 4.27% |
| Jul 31, 2010 | 19.40% | 21.48% | — | — | 3.73% |
| Jul 25, 2009 | 16.98% | 15.61% | — | — | 3.19% |
| Jul 26, 2008 | 20.36% | 14.88% | — | — | 4.70% |
| Jul 28, 2007 | 21.00% | 14.56% | — | — | 4.60% |
| Jul 29, 2006 | 19.59% | 10.30% | — | — | — |
| Jul 30, 2005 | 23.15% | 9.58% | — | — | — |
Based on: 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).
Comparison to Sector (Technology Hardware & Equipment)
Cisco Systems Inc., net profit margin, long-term trends, comparison to sector (technology hardware & equipment)
| Cisco Systems Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Jul 26, 2025 | 17.97% | — |
| Jul 27, 2024 | 19.18% | 20.04% |
| Jul 29, 2023 | 22.13% | 20.66% |
| Jul 30, 2022 | 22.91% | 21.34% |
| Jul 31, 2021 | 21.26% | 21.20% |
| Jul 25, 2020 | 22.75% | 17.54% |
| Jul 27, 2019 | 22.39% | 16.03% |
| Jul 28, 2018 | 0.22% | 18.73% |
| Jul 29, 2017 | 20.02% | 20.77% |
| Jul 30, 2016 | 21.81% | 21.13% |
| Jul 25, 2015 | 18.27% | 21.91% |
| Jul 26, 2014 | 16.66% | 20.48% |
| Jul 27, 2013 | 20.54% | 21.32% |
| Jul 28, 2012 | 17.46% | 24.46% |
| Jul 30, 2011 | 15.02% | 21.29% |
| Jul 31, 2010 | 19.40% | 20.58% |
| Jul 25, 2009 | 16.98% | 16.20% |
| Jul 26, 2008 | 20.36% | 17.79% |
| Jul 28, 2007 | 21.00% | 18.28% |
| Jul 29, 2006 | 19.59% | 15.84% |
| Jul 30, 2005 | 23.15% | 18.27% |
Based on: 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).
Comparison to Industry (Information Technology)
Cisco Systems Inc., net profit margin, long-term trends, comparison to industry (information technology)
| Cisco Systems Inc. | Information Technology | |
|---|---|---|
| Jul 26, 2025 | 17.97% | — |
| Jul 27, 2024 | 19.18% | 20.61% |
| Jul 29, 2023 | 22.13% | 20.36% |
| Jul 30, 2022 | 22.91% | 22.42% |
| Jul 31, 2021 | 21.26% | 23.60% |
| Jul 25, 2020 | 22.75% | 19.65% |
| Jul 27, 2019 | 22.39% | 19.84% |
| Jul 28, 2018 | 0.22% | 18.57% |
| Jul 29, 2017 | 20.02% | 17.85% |
| Jul 30, 2016 | 21.81% | 17.79% |
| Jul 25, 2015 | 18.27% | 18.37% |
| Jul 26, 2014 | 16.66% | 19.38% |
| Jul 27, 2013 | 20.54% | 20.20% |
| Jul 28, 2012 | 17.46% | 20.07% |
| Jul 30, 2011 | 15.02% | 20.67% |
| Jul 31, 2010 | 19.40% | 20.23% |
| Jul 25, 2009 | 16.98% | 14.52% |
| Jul 26, 2008 | 20.36% | 15.20% |
| Jul 28, 2007 | 21.00% | 15.81% |
| Jul 29, 2006 | 19.59% | 16.23% |
| Jul 30, 2005 | 23.15% | 16.66% |
Based on: 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).