Cisco vs Ericsson

Cisco CSCO · Ericsson ERIC · Communications Equipment

Cisco reported revenue of $63.3 billion in fiscal 2026, and Ericsson SEK 236.7 billion in fiscal 2025, in different currencies. Cisco's revenue grew 11.8% in its latest year, and Ericsson's fell 4.5%. Cisco had an operating margin of 24.3%, against 16.3% at Ericsson. Free cash flow was $12.8 billion at Cisco and SEK 30.3 billion at Ericsson. Their fiscal years end in different months (July 25 and December 31), so the periods don't line up exactly.

Side by side

	Cisco	Ericsson
Latest fiscal year	FY2026, Jul 25, 2026	FY2025, Dec 31, 2025
Revenue	$63.3B	SEK 236.7B
Revenue growth	11.8%	−4.5%
Revenue growth a year, last 5 years	4.9%	0.4%
Gross margin	64.5%	47.6%
Operating margin	24.3%	16.3%
Net margin	20.9%	12.0%
Free cash flow	$12.8B	SEK 30.3B
Free cash flow margin	20.2%	12.8%
Return on capital	20.2%	30.4%
Net debt to EBITDA	0.9x	−0.2x
Dividends and buybacks	$12.7B	SEK 9.5B
Change in diluted share count	−0.3%	0.1%
Last close	$110.24	$10.89
P/E at the last close	33.1×	—
Insider trades, last 12 months	sold $105.8 million	—
Piotroski F-score	6 of 9	7 of 9

Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue

In each company's own currency, fiscal years

CiscoEricsson

Operating margin

Percent of revenue

CiscoEricsson

Free cash flow

In each company's own currency. Cash from operations minus capital expenditure.

CiscoEricsson

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cisco and Ericsson pages.