Microsoft Corporation (MSFT) Financial Analysis Report
Microsoft Corporation (MSFT) is a multinational technology leader founded in 1975, with a diversified portfolio spanning software, services, devices,
Microsoft Corporation (MSFT) Financial Analysis Report
1. Company Introduction
Microsoft Corporation (MSFT) is a multinational technology leader founded in 1975, with a diversified portfolio spanning software, services, devices, and cloud computing. The company operates through three primary business segments:
- Productivity and Business Processes: Includes Microsoft 365, Office, Exchange, SharePoint, Teams, Dynamics 365, and LinkedIn
- Intelligent Cloud: Comprises Azure, SQL Server, Windows Server, Visual Studio, and enterprise services
- More Personal Computing: Encompasses Windows operating system, Surface devices, Xbox, Bing, and advertising
Microsoft's competitive advantages include its extensive global customer base, dominant market position in productivity software, rapidly growing cloud infrastructure business, and significant investments in artificial intelligence and emerging technologies.
Source: sections_text_ref (doc_217f51d6d0f22bd1)
2. Financial Data Tables (2022-2024)
| 指标 | 2024 | 2023 | 2022 | 2024 YoY | 2023 YoY |
|---|---|---|---|---|---|
| Revenue | 211,612 | 211,612 | 198,270 | 0.0% | 6.7% |
| Net Profit | 72,361 | 72,361 | 61,271 | 0.0% | 18.1% |
| Total Assets | 411,610 | 381,654 | 364,840 | 7.9% | 4.6% |
| EBITDA | 98,932 | 92,715 | 83,383 | 6.7% | 11.2% |
| Shareholder Equity | 197,837 | 181,791 | 166,574 | 8.8% | 9.1% |
| Adjusted Net Debt/(Cash) | -132,238 | -130,336 | -125,636 | -1.5% | -3.8% |
| Free Cash Flow | 87,726 | 86,386 | 76,894 | 1.5% | 12.3% |
| EPS | 11.12 | 10.76 | 9.65 | 3.3% | 11.5% |
| DPS | 2.72 | 2.48 | 2.24 | 9.7% | 10.7% |
| Capex | 11,204 | 10,297 | 9,082 | 8.8% | 13.4% |
All metrics sourced from tables_structured_ref (doc_858d548f9e488f3c). Unit: Millions of USD, except EPS/DPS (USD per share).
3. Key Financial Metrics
| 指标 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 净利率(Net Profit Margin) | 34.2% | 34.2% | 30.9% |
| 毛利率(Gross Profit Margin) | Data unavailable | Data unavailable | Data unavailable |
| ROE(净资产收益率) | 36.6% | 39.8% | 36.8% |
| 资产收益率(ROA) | 17.6% | 18.9% | 16.8% |
| 总资产周转率(Total Asset Turnover) | 0.51 | 0.55 | 0.54 |
| 权益乘数(Equity Multiplier) | 2.08 | 2.10 | 2.19 |
| 股息支付率(Dividend Payout Ratio) | 24.5% | 23.0% | 23.2% |
| 现金资产比率(现金/总资产) | Data unavailable | Data unavailable | Data unavailable |
Calculations based on tables_structured_ref (doc_858d548f9e488f3c). Gross margin and cash/assets ratio unavailable due to missing cost and cash-specific data.
4. Financial Trend Analysis
Revenue Dynamics
Microsoft's revenue remained flat at $211.6 billion in fiscal 2024 following 6.7% growth in 2023. This plateau suggests potential macroeconomic headwinds or a shift in growth drivers between segments. The stability in top-line revenue despite economic pressures demonstrates the resilience of Microsoft's diversified business model.
Profitability Trends
Net profit margin improved from 30.9% in 2022 to 34.2% in 2023 and maintained that level in 2024, indicating effective cost management and operational efficiency. ROE declined slightly from 39.8% in 2023 to 36.6% in 2024, primarily due to increased shareholder equity outpacing net income growth. EBITDA grew 6.7% in 2024, outperforming revenue growth and reflecting continued operational leverage.
Balance Sheet Strength
The company maintained a robust net cash position of $132.2 billion as of 2024, representing a slight increase from $130.3 billion in 2023. Total assets grew 7.9% to $411.6 billion, driven by continued investments in infrastructure and strategic assets. Shareholder equity increased 8.8% to $197.8 billion, reflecting retained earnings and minimal dilution.
Cash Flow and Capital Allocation
Free cash flow grew 1.5% in 2024 to $87.7 billion after a strong 12.3% increase in 2023, demonstrating consistent cash generation capabilities. Capital expenditures increased 8.8% to $11.2 billion, reflecting continued investment in cloud infrastructure and innovation. The company also increased dividend payments by 9.7%, maintaining a moderate dividend payout ratio of 24.5% that balances shareholder returns with reinvestment for growth.
5. Segment Revenue Analysis
| Segment | 2024 | 2023 | 2022 | 2024 YoY | 2023 YoY |
|---|---|---|---|---|---|
| Productivity and Business Processes | Data unavailable | Data unavailable | Data unavailable | - | - |
| Intelligent Cloud | Data unavailable | Data unavailable | Data unavailable | - | - |
| More Personal Computing | Data unavailable | Data unavailable | Data unavailable | - | - |
Segment revenue data not available in tables_structured_ref (doc_858d548f9e488f3c)
6. Peer Comparison
No peer comparison data was available for this analysis.
This report was generated by the SchemaForge AI financial analyst agent and is for reference only; it does not constitute investment advice.