Microsoft

MSFT on Nasdaq. Microsoft sells software, online services, devices, and games to people and organizations. Market value $3680.3bn.

Ranked 695 of 1,305 on tonight’s list. On the list every night since 3 August 2026.

Cash yield
1.8%low

For every $100 of what the whole company costs, it produced $1.82 of spare cash last year. A savings account pays about 4.

Price to profit
23.8×full

You pay 23.8 years of operating profit for the business. The average large US company costs around 18.

Return on capital
27.8%five-year median

Each dollar kept in the business earns 28 cents a year. Above 10 is good.

Five years of cash, in billions

n/a
18.4
15.9
22.1
2007200820092010
Revenue$13.8bn$14.5bn$13.6bn$14.5bn
Operating marginn/a154.1%149.2%166.2%
Debt to equityn/an/a0.090.11
Shares outstandingn/an/an/a8.65bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)6 of 9
  • Profit backed by cash (accruals)Yes
  • Debt0.07× equity
  • Revenue growth, five yearsSlow, 1.8% a year

Dates

28 October 2026
Next results (estimated)
29 July 2026
Last annual report (10-K)
29 July 2026
Next quarterly (estimated, 10-Q)

Funds that own it

ManagerValueChange
Dodge & Cox$4.8bnAdded 7%
TIGER GLOBAL MANAGEMENT LLC$2.6bnCut 16%
GMO Asset Management$2.5bnAdded 10%
Pershing Square$2.1bnNew position
Eagle Capital Management$1.4bnCut 7%
AltaRock Partners$871mAdded 25%
Polen Capital$783mCut 26%
First Eagle Investment$724mAdded 46%
Yacktman Asset Management$376mHeld
Vulcan Value Partners$368mCut 11%
Diamond Hill Capital$310mCut 19%
Jensen Investment Management$275mCut 37%
Bridgewater Associates$266mCut 34%
AKO Capital$234mCut 15%
Markel Group$201mHeld
Triple Frond Partners$131mHeld
Gotham Asset Management$124mAdded 9%
Aristotle Atlantic Partners$114mCut 12%
GAMCO Investors$40mCut 18%
Davis Selected Advisers$35mAdded 19%
Wedgewood Partners$33mAdded 21%
Harris Associates$26mAdded 10×
ShawSpring Partners$17mNew position
Brave Warrior Advisors$2mAdded 111%
Gardner Russo & Quinn$1mHeld
Kahn Brothers$774,395Held
Giverny Capital$666,587Cut 6%
Ruane Cunniff & Goldfarb$274,916Held
Semper Augustus$239,106New position
TCI Fund Management$0Exited
Appaloosa LP$0Exited
Ariel Investments$0Exited
Weitz Investment Management$0Exited

From 13F filings for the quarter ending 30 June 2026. These are reported 45 days late and only show long positions.

Insiders

We do not track insider filings for this company yet.

What could go wrong

Cheap for a reason is the question the numbers cannot answer. Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; the five-year figures are rounded.