
Super Micro (SMCI) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
5.8B
Gross Profit
544.1M
9.45%
Operating Income
228.4M
3.97%
Net Income
195.2M
3.39%
Balance Sheet Metrics
Total Assets
14.0B
Total Liabilities
7.7B
Shareholders Equity
6.3B
Debt to Equity
1.22
Cash Flow Metrics
Operating Cash Flow
537.6M
Free Cash Flow
840.9M
Revenue & Profitability Trend
Super Micro Income Statement From 2021 to 2025
Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Revenue | 22.0B | 15.0B | 7.1B | 5.2B | 3.6B |
Cost of Goods Sold | 19.5B | 12.9B | 5.8B | 4.4B | 3.0B |
Gross Profit | 2.4B | 2.1B | 1.3B | 800.0M | 534.5M |
Gross Margin % | 11.1% | 13.8% | 18.0% | 15.4% | 15.0% |
Operating Expenses | |||||
Research & Development | 636.6M | 463.5M | 307.3M | 272.3M | 224.4M |
Selling, General & Administrative | 540.4M | 387.1M | 214.6M | 192.6M | 186.2M |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 1.2B | 850.6M | 521.9M | 464.8M | 410.6M |
Operating Income | 1.3B | 1.2B | 761.1M | 335.2M | 123.9M |
Operating Margin % | 5.7% | 8.1% | 10.7% | 6.5% | 3.5% |
Non-Operating Items | |||||
Interest Income | - | - | - | - | - |
Interest Expense | 59.6M | 19.4M | 10.5M | 6.4M | 2.5M |
Other Non-Operating Income | 18.5M | 22.7M | 3.6M | 8.1M | -2.8M |
Pre-tax Income | 1.2B | 1.2B | 754.3M | 336.8M | 118.6M |
Income Tax | 156.9M | 63.3M | 110.7M | 52.9M | 6.9M |
Effective Tax Rate % | 12.9% | 5.2% | 14.7% | 15.7% | 5.8% |
Net Income | 1.0B | 1.2B | 640.0M | 285.2M | 111.9M |
Net Margin % | 4.8% | 7.7% | 9.0% | 5.5% | 3.1% |
Key Metrics | |||||
EBITDA | 1.3B | 1.3B | 799.7M | 375.7M | 149.3M |
EPS (Basic) | $1.77 | $2.17 | $1.21 | $0.55 | $0.22 |
EPS (Diluted) | $1.68 | $2.01 | $1.14 | $0.53 | $0.21 |
Basic Shares Outstanding | 593665000 | 555880000 | 529250000 | 514780000 | 511570000 |
Diluted Shares Outstanding | 593665000 | 555880000 | 529250000 | 514780000 | 511570000 |
Income Statement Trend
Super Micro Balance Sheet From 2021 to 2025
Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 5.2B | 1.7B | 440.5M | 267.4M | 232.3M |
Short-term Investments | - | - | - | - | - |
Accounts Receivable | 2.2B | 2.7B | 1.1B | 834.5M | 463.8M |
Inventory | 4.7B | 4.3B | 1.4B | 1.5B | 1.0B |
Other Current Assets | 233.7M | 179.9M | 117.4M | 134.4M | 6.1M |
Total Current Assets | 12.3B | 8.9B | 3.2B | 2.8B | 1.9B |
Non-Current Assets | |||||
Property, Plant & Equipment | 293.7M | 0 | 0 | 23.7M | 20.0M |
Goodwill | - | - | - | - | - |
Intangible Assets | - | - | - | - | - |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 801.2M | 480.1M | 205.1M | 112.8M | 70.2M |
Total Non-Current Assets | 1.7B | 894.1M | 495.3M | 398.8M | 374.7M |
Total Assets | 14.0B | 9.8B | 3.7B | 3.2B | 2.2B |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 1.3B | 1.5B | 776.8M | 655.4M | 612.3M |
Short-term Debt | 96.2M | 402.3M | 170.1M | 449.1M | 69.8M |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | 2.3B | 2.3B | 1.4B | 1.5B | 968.9M |
Non-Current Liabilities | |||||
Long-term Debt | 4.7B | 1.8B | 120.2M | 147.6M | 49.2M |
Deferred Tax Liabilities | - | - | - | - | - |
Other Non-Current Liabilities | 326.5M | 67.9M | 37.9M | 39.1M | 6.1M |
Total Non-Current Liabilities | 5.4B | 2.1B | 327.9M | 309.3M | 176.7M |
Total Liabilities | 7.7B | 4.4B | 1.7B | 1.8B | 1.1B |
Equity | |||||
Common Stock | 2.9B | 2.8B | 538.4M | 481.7M | 438.0M |
Retained Earnings | 3.4B | 2.6B | 1.4B | 942.9M | 657.8M |
Treasury Stock | - | - | - | 0 | 0 |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 6.3B | 5.4B | 2.0B | 1.4B | 1.1B |
Key Metrics | |||||
Total Debt | 4.8B | 2.2B | 290.3M | 596.8M | 119.1M |
Working Capital | 10.0B | 6.6B | 1.8B | 1.3B | 898.4M |
Balance Sheet Composition
Super Micro Cash Flow Statement From 2021 to 2025
Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 1.0B | 1.2B | 640.0M | 285.2M | 111.9M |
Depreciation & Amortization | 58.3M | 41.0M | 34.9M | 32.5M | 28.2M |
Stock-Based Compensation | 314.5M | 231.5M | 54.4M | 32.8M | 28.5M |
Working Capital Changes | 314.7M | -3.7B | -18.6M | -805.9M | -66.0M |
Operating Cash Flow | 1.5B | -2.4B | 617.1M | -461.9M | 93.2M |
Investing Activities | |||||
Capital Expenditures | -127.2M | -124.3M | -36.8M | -45.2M | -58.0M |
Acquisitions | 0 | -296.0K | -2.2M | 0 | 0 |
Investment Purchases | -56.0M | -69.7M | -500.0K | -1.1M | 0 |
Investment Sales | - | - | - | - | - |
Investing Cash Flow | -183.2M | -194.2M | -39.5M | -46.3M | -58.0M |
Financing Activities | |||||
Share Repurchases | -200.0M | 0 | -150.0M | 0 | -130.0M |
Dividends Paid | - | - | - | - | - |
Debt Issuance | 2.9B | 1.7B | 1.1B | 1.2B | 127.1M |
Debt Repayment | -1.8B | -2.0B | -1.4B | -640.7M | -60.6M |
Financing Cash Flow | 234.5M | 1.9B | -478.7M | 501.9M | -72.9M |
Free Cash Flow | 1.5B | -2.6B | 626.8M | -486.0M | 64.9M |
Net Change in Cash | 1.6B | -700.5M | 98.9M | -6.3M | -37.7M |
Cash Flow Trend
Super Micro Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
30.93
Forward P/E
12.25
Price to Book
4.90
Price to Sales
1.41
PEG Ratio
-0.69
Profitability Ratios
Profit Margin
4.77%
Operating Margin
3.97%
Return on Equity
17.90%
Return on Assets
6.57%
Financial Health
Current Ratio
5.25
Debt to Equity
80.28
Beta
1.55
Per Share Data
EPS (TTM)
$1.68
Book Value per Share
$10.61
Revenue per Share
$37.01
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
smci | 30.9B | 30.93 | 4.90 | 17.90% | 4.77% | 80.28 |
Arista Networks | 182.9B | 56.84 | 16.77 | 33.64% | 40.90% | 0.00 |
Dell Technologies | 95.4B | 20.55 | -34.33 | -331.07% | 4.77% | -10.67 |
Seagate Technology | 54.8B | 37.28 | -118.30 | -324.28% | 16.15% | -11.86 |
Western Digital | 45.6B | 29.51 | 8.53 | 19.81% | 19.84% | 0.85 |
Pure Storage | 29.0B | 211.90 | 21.48 | 10.04% | 4.16% | 17.11 |
Financial data is updated regularly. All figures are in the company's reporting currency.