MSFT · Quote currency USD · Closing price of 23 Oct 2026, grades from the latest annual report
Close
524.51 USD
Market value
3.89 tn USD
Industry
Technology
Fiscal year
2026
Latest filing
10-K, 29 Jul 2026
Sample page. This page shows openly what a free account otherwise shows: the calculation of every grade and the annual tables over 5 years. So you can see beforehand what you get.
Overview
Quality
16of 20 · high
More points than 87% of the 2,409 companies with complete grades
Quality points: four grades for balance sheet, profitability, cash flow and growth, 0 to 5 each.
Price vs. its own range
withinits own range 2017 to 2026
Price in the upper third of the range
524.51 USD
belowin rangeabove
Range from 6 valuation measures, well supported. Not a fair value, not a price target.
Many of the quality rules are met; the price sits within the range in which the share was usually valued 2017 to 2026.
What drives the result
Current ratio 1.23Balance sheet: 2 of 5 thresholds · 0.07 short of threshold 3
Operating margin 46.8%Profitability: 5 of 5 thresholds
Profit covered by cash flow 0.50×Cash flow: 1 of 5 thresholds
Operating income per year 17.3%Growth: 4 of 5 thresholds · 7.7 percentage points short of threshold 5
What this means. The quality points show how many of the published rules for balance sheet, profitability, cash flow and growth the latest reports meet. Separately, the range shows how the latest closing share price compares with the company’s own valuation history.
What it does not mean. Neither the points nor the range is a price target, a forecast or a recommendation to buy or sell. A company with many points can be richly valued, and a price below its range often has a reason.
Next with this company
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When a new report changes a grade, Pro tells you why. You do not have to check every report yourself.
All values come from the annual reports filed with the US Securities and Exchange Commission (SEC). Each figure is checked against five fixed thresholds; each threshold reached counts one point. The grade is the rounded mean of its figures.
Balance sheet
4/5strong
How well the company can cover its financial obligations.
Net cash 36.55 bn $, no net debt · Current ratio 1.23
4 of 5 thresholds · 7.7 percentage points short of threshold 5
Grade = mean (3 + 4) / 2 = 3.50, rounded half up 4
Industry
Compared with its industry
The comparison is within the SEC industry “Services-Prepackaged Software”. Grades are absolute and are not adjusted to the industry: in a weak industry a weak grade stays weak.
Quality points in the industry20 with more, 109 with fewer points · Median 13.0 of 20 · 138 companies
Quality and price positionVertically the quality points, horizontally the price against each company’s own range. Grey: 92 other companies in the SEC industry with a range.
More quality points do not mean a company is the better investment, only that more quality rules are met. It says nothing about the price.
Valuation
The price against its own history
For each fiscal year 2017 to 2026, the calculation shows how the market valued the company, for example as price divided by earnings per share. The middle band of those years gives its own range. It comes from this company’s history, not from a comparison with others.
Price vs. its own rangeRange from 6 measures, well supported
409.60569.46524.51 USDin the upper third of the range
belowin rangeabove
The range describes how the share price compares with the company’s own past. It is not a fair value, not a price target and not a forecast.
Prices in USD, not converted, adjusted to today’s share count. Price divided by basis gives the multiple. If a row does not add up, the page is not built.
Financials
The figures over the years
Every figure comes from the annual report of that year and has not been revised afterwards. Amounts in USD. Negative net debt means more cash than financial debt.
Financial figures by fiscal year
Fiscal year
Revenue
Operating profit
Free cash flow
EPS (USD)
Shares (count)
Net debt
2022
198.27 bn
83.38 bn
65.15 bn
9.65
7.54 bn
−54.98 bn
2023
211.91 bn
88.52 bn
59.48 bn
9.68
7.47 bn
−64.03 bn
2024
245.12 bn
109.43 bn
74.07 bn
11.80
7.47 bn
−30.61 bn
2025
281.72 bn
128.53 bn
71.61 bn
13.64
7.46 bn
−51.41 bn
2026
331.84 bn
155.24 bn
66.99 bn
17.95
7.45 bn
−36.55 bn
The company’s full history
With an account you see the last 5 fiscal years here, with Pro all 10. Pro also tells you when a new report changes a grade on your watchlist.
10 of 10 points, measured over 10 years (2017 to 2026). Classification: broadly evidenced. These points are not part of the quality points.
Feature
Points
Measured
Return on capital, level
3/3
The company earns on average 20.6% of its assets per year as operating profit, measured over 10 years. Comparable companies are around 10%.
Return on capital, consistency
3/3
10 of 10 years above 10%. Consistency is the real evidence, because anyone has one good year.
Pricing power
2/2
Gross margin averaging 68%, trending +3.3 percentage points from the first third to the last. A margin that holds for a decade is pricing power. One that melts away is competition.
Stability in a downturn
2/2
Operating margin averaging 42%. Tested in 2020 and 2022: 2020 37%, 2022 42%. Holding counts from two thirds of the company's own average.
What is measured is the trace of a moat: a durably high return on capital and margins that survive a downturn. The causes (switching costs, network effects, brand, licences, economies of scale) appear in no filing and are not claimed here.
Next figures: expected on 28 Oct 2026 (estimated from the rhythm of earlier filings, ± 8 days). Grades can change after a report; the page is then rebuilt.
New at the SEC
What the company filed most recently
Filings with the US Securities and Exchange Commission, newest first, in plain words. Insider purchases and sales only when they took place on the market; grants and tax withholding are not listed. Every entry links to the filing.
14 Oct 2026Hood Amy (EVP, Chief Financial Officer) sells shares worth $4.0m, under a pre-arranged plan (10b5-1)4
15 Sep 2026Hood Amy (EVP, Chief Financial Officer) sells shares worth $20.8m, under a pre-arranged plan (10b5-1)4
Every earlier analysis with its date: quality points, the four grades, position against the range and how many companies had fewer points that day. With Plus.