StonkScan
OverviewRevenueFinancialsValuationOutlookOwnership
Price
Performance · vs S&P 500
Company
Microsoft Corporation
NASDAQ · USD
Mega cap
In line with peers
1.11× peer median
10% more volatile
$207.7B of current assets against $168.8B due within a year.
Liquidity · FY26
$198.3B in FY22 to $331.8B in FY26, with the latest year up 17.8%.
Growth · FY26
$337.3B of free cash flow against $468.8B of net income across 5 fiscal years.
Quality · FY26
Free cash flow of $67.0B covers the business without outside capital, on $76.8B of cash and short-term investments.
Liquidity · FY26
Microsoft is rated a Strong Buy, driven by robust AI monetization, resilient ROI on hyperscaler capex, and unmatched enterprise moats. MSFT's identity platform and Agent 365 create a defensible position in enterprise AI agent adoption, with 40 million agents registered across thousands of companies. Azure and the SaaS Suite drove nearly all the company's 18% revenue growth, with Azure contributing 61% of incremental revenue and SaaS 38%.
Microsoft (MSFT +2.68%) is embedding thousands of its engineers in corporations to help with AI enhancements.
Average month-end to month-end move for MSFTin each calendar month. Point at a bar for that month's spread: past seasonality is a tendency in a small sample, not a forecast.
+$50.1B vs FY25
FY25 → FY26
FY22 → FY26, annualized
+17.8% vs the four before
Q4 FY26 · +17.7% YoY
+17.8% YoY
−0.9 pp YoY
+1.2 pp YoY
+31.3% YoY
+4.2 pp YoY
+31.4% YoY
−6.5% YoY
−28.9% YoY
P/E vs EPS growth · below the channel = cheaper for its growth
P/S vs revenue growth · below the channel = cheaper for its growth
| Ticker | P/E | Fwd P/E | PEG | P/S | Fwd P/S | PSG | EPS gr | Rev gr |
|---|---|---|---|---|---|---|---|---|
| MSFT | 28.3 | 25.9 | 1.55 | 11.4 | 9.7 | 0.51 | 17% | 19% |
| NVDA | 28.7 | 24.7 | 0.40 | 18.3 | 13.6 | 0.22 | 62% | 61% |
| AAPL | 37.5 | 37.2 | 3.00 | 10.3 | 10.1 | 0.98 | 12% | 10% |
| GOOGL | 17.0 | 16.7 | 0.94 | 9.3 | 8.3 | 0.38 | 18% | 22% |
| ORCL | 25.9 | 19.1 | 0.51 | 6.6 | 4.9 | 0.13 | 38% | 39% |
| FTNT | 54.7 | 45.3 | 2.21 | 15.2 | 14.1 | 1.02 | 21% | 14% |
Dots = reported EPS vs consensus · gap = surprise · dashed = estimate ($)
Last 12M · $2M bought · $137M sold · net −$135M
$76.8B of cash and short-term investments against $40.3B of total debt.
Liquidity · FY26
$331.8B of revenue against $176.5B of operating costs, leaving $155.3B.
Profitability · FY26
42.1% in FY22 to 46.8% in FY26.
Profitability · FY26
Revenue came in above consensus by 2.1% on average over the last four reports.
Quality · Jul '26
Microsoft is finally disclosing Azure's quarterly revenue. The numbers look good.
Share of the latest fiscal year, largest first. The line is the segment across every fiscal year we have: hover it to read one.
What each segment added to or took off the top line in dollars: ranked by the size of the move, not its percentage.
| $ billions | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Cash & equivalents | 20.9 | 30.2 | 18.3 | 34.7 | 13.9 |
| Short-term investments | 55.9 | 64.3 | 57.2 | 76.6 | 90.8 |
| Receivables | 80.9 | 69.9 | 56.9 | 48.7 | 44.3 |
| Inventory | 1.4 | 0.9 | 1.2 | 2.5 | 3.7 |
| Total current assets | 207.7 | 191.1 | 159.7 | 184.3 | 169.7 |
| Property, plant & equipment | 337.3 | 229.8 | 154.6 | 110.0 | 87.5 |
| Long-term investments | 36.3 | 15.1 | 14.6 | 9.9 | 6.9 |
| Other non-current assets | 177.1 | 182.9 | 183.3 | 107.9 | 100.7 |
| Total assets | 758.4 | 619.0 | 512.2 | 412.0 | 364.8 |
| Accounts payable | 42.4 | 27.7 | 22.0 | 18.1 | 19.0 |
| Short-term debt | 9.2 | 3.0 | 8.9 | 5.2 | 2.7 |
| Total current liabilities | 168.8 | 141.2 | 125.3 | 104.1 | 95.1 |
| Long-term debt | 31.1 | 40.2 | 42.7 | 42.0 | 47.0 |
| Total liabilities | 316.0 | 275.5 | 243.7 | 205.8 | 198.3 |
| Shareholders’ equity | 442.4 | 343.5 | 268.5 | 206.2 | 166.5 |
Fiscal year · latest five reported years
| $ billions | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 182.9 | 136.2 | 118.5 | 87.6 | 89.0 |
| Capital expenditure | −115.9 | −64.6 | −44.5 | −28.1 | −23.9 |
| Free cash flow | 67.0 | 71.6 | 74.1 | 59.5 | 65.1 |
| Investing cash flow | −139.5 | −72.6 | −97.0 | −22.7 | −30.3 |
| Dividends paid | −26.4 | −24.1 | −21.8 | −19.8 | −18.1 |
| Share buybacks | −22.3 | −18.4 | −17.3 | −22.2 | −32.7 |
| Net debt issued / (repaid) | −3.0 | −9.0 | 0.6 | −2.8 | −9.0 |
| Financing cash flow | −52.5 | −51.7 | −37.8 | −43.9 | −58.9 |
| Net change in cash | −9.3 | 11.9 | −16.4 | 20.8 | −0.3 |
Fiscal year · outflows shown negative
Solid = reported · dashed = forward consensus · shaded = analyst low–high ($B)
Rows: discount rate (r) · Columns: terminal growth (g∞) · cell = fair value, shaded by up/downside vs 510.