Oracle Corporation key statistics and ratios

In fiscal 2026, Oracle Corporation had return on equity of 54.3%, an operating margin of 30.6%, debt equal to 306.1% of equity and a current ratio of 1.11. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Oracle Corporation: financial ratios, annual
Fiscal year	2010May 2010	2011May 2011	2012May 2012	2013May 2013	2014May 2014	2015May 2015	2016May 2016	2017May 2017	2018May 2018	2019May 2019	2020May 2020	2021May 2021	2022May 2022	2023May 2023	2024May 2024	2025May 2025	2026May 2026	LTMAug 2026
Gross margin	96.7%	94.2%	—	—	—	62.0%	60.5%	60.9%	61.7%	—	—	—	—	—	—	—	—	—
Operating margin	33.8%	33.8%	36.9%	39.5%	38.6%	36.3%	34.0%	34.2%	33.7%	34.3%	35.6%	37.6%	25.7%	26.2%	29.0%	30.8%	30.6%	32.1%
Net margin	22.9%	24.0%	26.9%	29.4%	28.6%	26.0%	24.0%	25.0%	9.1%	28.1%	25.9%	34.0%	15.8%	17.0%	19.8%	21.7%	25.4%	26.4%
Free-cash-flow margin	31.5%	30.2%	35.3%	36.5%	37.5%	34.5%	33.7%	32.0%	34.7%	32.6%	29.6%	34.0%	11.8%	17.0%	22.3%	−0.7%	−35.2%	−40.0%
Return on equity	19.9%	24.2%	23.9%	24.7%	23.9%	20.8%	18.6%	18.7%	7.2%	32.5%	59.9%	158.8%	—	—	—	85.4%	54.3%	34.6%
Return on assets	10.0%	12.7%	13.1%	13.6%	12.7%	9.9%	8.0%	7.6%	2.6%	9.0%	9.0%	11.2%	5.6%	7.0%	7.6%	8.0%	7.9%	6.7%
Asset turnover	0.44	0.53	0.49	0.46	0.44	0.38	0.33	0.31	0.29	0.32	0.35	0.33	0.35	0.41	0.38	0.37	0.31	0.25
Current ratio	1.84	2.76	2.60	3.24	3.34	4.11	3.74	3.08	3.98	2.49	3.03	2.30	1.62	0.91	0.71	0.75	1.11	1.17
Debt to equity	47.6%	40.0%	37.8%	41.4%	51.4%	86.6%	93.0%	108.0%	131.4%	258.6%	594.7%	>999%	—	>999%	>999%	454.3%	306.1%	195.5%
Interest cover (operating income ÷ interest)	12.0x	14.9x	17.9x	18.4x	16.1x	12.1x	8.6x	7.2x	6.6x	6.5x	7.0x	6.1x	4.0x	3.7x	4.4x	4.9x	4.5x	4.5x
Effective tax rate	—	25.1%	23.0%	21.4%	20.1%	22.6%	22.2%	19.3%	68.6%	—	—	—	—	—	—	—	—	—
R&D as % of revenue	12.1%	12.7%	12.2%	13.0%	13.5%	14.5%	15.6%	16.3%	15.4%	15.3%	15.5%	16.1%	17.0%	17.3%	16.8%	17.2%	15.3%	14.2%
Capital spending as % of revenue	0.9%	1.3%	1.7%	1.7%	1.5%	3.6%	3.2%	5.3%	4.4%	4.2%	4.0%	5.3%	10.6%	17.4%	13.0%	37.0%	82.6%	105.4%
Free cash flow ÷ net income	137.8%	125.9%	131.2%	124.2%	130.9%	132.7%	140.4%	128.1%	380.5%	116.3%	114.2%	100.0%	74.9%	99.6%	112.8%	−3.2%	−138.6%	−151.8%
Dividends ÷ net income	16.4%	12.4%	12.1%	13.1%	19.9%	22.7%	28.5%	27.8%	87.5%	26.5%	30.3%	22.3%	51.5%	43.1%	42.0%	38.1%	33.9%	31.4%
Dividends and buybacks ÷ free cash flow	23.6%	20.6%	53.9%	91.7%	83.6%	78.4%	103.9%	51.2%	106.1%	303.1%	192.7%	174.5%	391.9%	58.7%	47.4%	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Oracle Corporation: financial ratios, quarterly
Quarter	2025 Q2Nov 2024	2025 Q3Feb 2025	2025 Q4May 2025	2026 Q1Aug 2025	2026 Q2Nov 2025	2026 Q3Feb 2026	2026 Q4May 2026	2027 Q1Aug 2026
Operating margin	30.0%	30.8%	32.1%	28.7%	29.5%	31.8%	32.0%	34.8%
Net margin	22.4%	20.8%	21.5%	19.6%	38.2%	21.6%	22.4%	24.6%
Free-cash-flow margin	−19.0%	0.5%	−18.4%	−2.4%	−62.1%	−66.8%	−9.8%	−27.9%
Current ratio	0.81	1.02	0.75	0.62	0.91	1.35	1.11	1.17
Debt to equity	—	—	452.6%	—	—	—	304.7%	—
R&D as % of revenue	17.6%	17.2%	16.7%	16.7%	15.9%	15.2%	13.6%	12.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 2 checks passed · August 31, 2026

What it owns · $303.3bn

Short-term assets $55.6bnLonger-term assets $247.6bn

What it owes, and who funded it · $114.3bn

Short-term liabilities $47.5bnShareholders' equity $66.8bn

Short-term assets cover short-term liabilities $55.6bn of assets due within a year against $47.5bn of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $23.1bn against $5.1bn of interest.

From Oracle Corporation's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

61 /100

Moderate moat

How hard Oracle's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 10 / 20

Net income has been a median 7.1% of total assets over 10 years.
Durability 20 / 20

Operating margin has been a median 32.9%; its worst year was 22.9%.
Cash conversion 18 / 20

Free cash flow was positive in 8 of 10 years, at a median 25.1% of revenue.
Discipline 13 / 20

The diluted share count fell 0.8% over five years; stock-based pay has been a median 5.6% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (76 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Oracle Corporation's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Oracle Corporation.