CISCO SYSTEMS, INC（CSCO）の決算・業績分析
CISCO SYSTEMS, INCの2025年有価証券報告書をAI分析。売上高$56.7B(+5.3%)。営業利益$11.8B。Information Technology。
目次
CISCO SYSTEMS, INCの2025年度 業績サマリー
CISCO SYSTEMS, INC（証券コード: CSCO）の2025年度決算・業績分析。売上高は$56.7B（前年比+5.3%）。営業利益は$11.8B（前年比-3.5%）。純利益は$10.2B（前年比-1.4%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
CISCO SYSTEMS, INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Cisco achieved $51.6B revenue in FY2024 (+3.5% YoY) and $11.8B net income (+11.5% YoY) (XBRL).
- Free cash flow reached $12.7B, with $7.7B allocated to share repurchases and $6.2B to dividends (XBRL).
- Net debt stood at -$3.5B (-0.2x EBITDA), reflecting strong liquidity and capital structure (XBRL).
- ROE of 28.6% and ROIC of 14.3% highlight efficient capital allocation (XBRL).
- 5-year revenue CAGR of 2.9% and net income CAGR of 158.2% demonstrate long-term growth (XBRL).
CISCO SYSTEMS, INCの売上高変化の要因
- •Revenue grew to $51.6B in FY2024 (+3.5% YoY) (XBRL), with a 5-year CAGR of 2.9% (XBRL). Operating income increased to $14.0B (+8.9% YoY) (XBRL), and net income rose to $11.8B (+11.5% YoY) (XBRL). The 5-year net income CAGR was 158.2% (XBRL). While segment-specific revenue data is not available in the provided XBRL (N/A), the company's focus on AI-driven solutions and expansion into cybersecurity and observability likely drove growth. Revenue growth was supported by stable demand across business, public, and service provider customers (10-K).
CISCO SYSTEMS, INCの営業利益変化の要因
- •Cisco maintained strong margins: gross margin of 62.5% (XBRL), operating margin of 27.1% (XBRL), and net margin of 22.9% (XBRL). Operating income grew 8.9% YoY to $14.0B (XBRL), while EBITDA reached $14.8B (28.6% of revenue) (XBRL). Net income increased 11.5% YoY to $11.8B (XBRL). The company's efficiency metrics include a cash conversion cycle (CCC) of 67 days (XBRL), with receivables days at 41, inventory days at 69, and payables days at 44 (XBRL).
CISCO SYSTEMS, INCの事業リスクと対応
Fluctuations in demand and sales cycles due to economic uncertainty and customer spending visibility (10-K).
Geopolitical instability (e.g., Russia-Ukraine war, China-Taiwan tensions) impacting global markets (10-K).
Price competition and technological disruption affecting product adoption (10-K).
Inventory risks from demand volatility and excess/obsolete stock (10-K).
Impact of macroeconomic conditions, inflation, and credit market disruptions on customer spending (10-K).
Potential foreign regulatory actions due to U.S. intelligence practices affecting customer trust (10-K).
Challenges in adopting new technologies and standards (10-K).
CISCO SYSTEMS, INCの事業内容
Cisco Systems, Inc. designs and sells technologies to power, secure, and draw insights from the Internet, with revenue generated through product sales and services (10-K). Its business model integrates AI into networking, security, collaboration, and observability solutions to help customers optimize technology investments (10-K). Key segments include Networking (connectivity solutions), Security (cyber threat protection), Collaboration and Observability (data insights and communication tools), and services (technical support, lifecycle services). Geographic segments are Americas, EMEA, and APJC (10-K). Competitive advantages include AI integration across product portfolios, broad technology offerings, and strategic partnerships to drive digital transformation (10-K).
CISCO SYSTEMS, INCのAI業績分析レポート（2024年度）
Cisco Systems, Inc. (CSCO) FY2024 Annual Report Analysis
Highlights
Business Overview
Cisco designs and sells technologies to power, secure, and draw insights from the Internet, with revenue generated through product sales and services (10-K). Its business model integrates AI into networking, security, collaboration, and observability solutions to help customers optimize technology investments (10-K). Key segments include Networking, Security, Collaboration and Observability, and services. Competitive advantages include AI integration, broad technology offerings, and strategic partnerships (10-K).
Revenue Analysis
Revenue grew to $51.6B in FY2024 (+3.5% YoY) (XBRL), with a 5-year CAGR of 2.9% (XBRL). Operating income increased to $14.0B (+8.9% YoY) (XBRL), and net income rose to $11.8B (+11.5% YoY) (XBRL). The 5-year net income CAGR was 158.2% (XBRL). Segment-specific revenue data is not available in the provided XBRL (N/A), but growth was likely driven by AI-driven solutions and expansion into cybersecurity and observability.
Profitability Analysis
Cisco maintained strong margins: gross margin of 62.5% (XBRL), operating margin of 27.1% (XBRL), and net margin of 22.9% (XBRL). Operating income grew 8.9% YoY to $14.0B (XBRL), while EBITDA reached $14.8B (28.6% of revenue) (XBRL). Net income increased 11.5% YoY to $11.8B (XBRL). The company's efficiency metrics include a cash conversion cycle (CCC) of 67 days (XBRL), with receivables days at 41, inventory days at 69, and payables days at 44 (XBRL).
Balance Sheet Analysis
Cisco's balance sheet shows a 40.5% equity ratio (XBRL) and a debt-to-equity (D/E) ratio of 1.39x (XBRL). Current assets exceed current liabilities with a current ratio of 1.38x (XBRL). Total assets grew to $101.9B in FY2024 (XBRL), while total equity increased to $41.3B (XBRL). Net debt was -$3.5B (-0.2x EBITDA) (XBRL), indicating a strong liquidity position. Cash reserves stood at $10.1B (XBRL).
Cash Flow Analysis
Operating cash flow (OCF) totaled $13.2B (XBRL), with free cash flow (FCF) of $12.7B (XBRL) after $477M in capital expenditures (CapEx) (XBRL). Investing cash flow was $1.6B (XBRL), while financing cash flow was -$16.0B (XBRL), driven by $6.2B in dividends and $7.7B in share repurchases (XBRL). CapEx intensity was 0.9% of revenue (XBRL), and the CapEx/D&A ratio was 0.60x (XBRL).
Working Capital Analysis
Cisco's cash conversion cycle (CCC) was 67 days (XBRL), with receivables days at 41, inventory days at 69, and payables days at 44 (XBRL).
Risks
Outlook
N/A (10-K does not provide specific management guidance or forward-looking trends in the provided data).
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