S

SUPER MICRO COMPUTER, INC.

SMCIP · CIK 0001375365

16 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$21.97B46.6%
FY2025
Net income (FY)
$1.05B9.0%
FY2025
Free cash flow (FY)
$1.53B158.7%
FY2025
Diluted EPS (FY)
$1.6812.5%
FY2025
The story, charted

The shape of the business

FY2010–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2010 · Revenue $721.4M · Net income $26.9M · 0001445305-12-002860 · filed 2012-09-13FY10Revenue $721.4MNet income $26.9M0001445305-12-002860 · filed 2012-09-13FY2011 · Revenue $942.6M · Net income $40.2M · 0001445305-13-002262 · filed 2013-09-11FY11Revenue $942.6MNet income $40.2M0001445305-13-002262 · filed 2013-09-11FY2012 · Revenue $1.01B · Net income $29.9M · 0001445305-14-003958 · filed 2014-09-15FY12Revenue $1.01BNet income $29.9M0001445305-14-003958 · filed 2014-09-15FY2013 · Revenue $1.16B · Net income $21.3M · 0001628280-15-007025 · filed 2015-09-10FY13Revenue $1.16BNet income $21.3M0001628280-15-007025 · filed 2015-09-10FY2014 · Revenue $1.47B · Net income $54.2M · 0001628280-16-019274 · filed 2016-08-26FY14Revenue $1.47BNet income $54.2M0001628280-16-019274 · filed 2016-08-26FY2015 · Revenue $1.95B · Net income $92.6M · 0001375365-19-000039 · filed 2019-05-17FY15Revenue $1.95BNet income $92.6M0001375365-19-000039 · filed 2019-05-17FY2016 · Revenue $2.23B · Net income $72.1M · 0001375365-19-000039 · filed 2019-05-17FY16Revenue $2.23BNet income $72.1M0001375365-19-000039 · filed 2019-05-17FY2017 · Revenue $2.48B · Net income $66.9M · 0001375365-19-000079 · filed 2019-12-19FY17Revenue $2.48BNet income $66.9M0001375365-19-000079 · filed 2019-12-19FY2018 · Revenue $3.36B · Net income $46.2M · 0001375365-20-000064 · filed 2020-08-31FY18Revenue $3.36BNet income $46.2M0001375365-20-000064 · filed 2020-08-31FY2019 · Revenue $3.50B · Net income $71.9M · 0001375365-21-000060 · filed 2021-08-27FY19Revenue $3.50BNet income $71.9M0001375365-21-000060 · filed 2021-08-27FY2020 · Revenue $3.34B · Net income $84.3M · 0001375365-22-000103 · filed 2022-08-29FY20Revenue $3.34BNet income $84.3M0001375365-22-000103 · filed 2022-08-29FY2021 · Revenue $3.56B · Net income $111.9M · 0001375365-23-000036 · filed 2023-08-28FY21Revenue $3.56BNet income $111.9M0001375365-23-000036 · filed 2023-08-28FY2022 · Revenue $5.20B · Net income $285.2M · 0001375365-25-000004 · filed 2025-02-25FY22Revenue $5.20BNet income $285.2M0001375365-25-000004 · filed 2025-02-25FY2023 · Revenue $7.12B · Net income $640.0M · 0001375365-25-000027 · filed 2025-08-28FY23Revenue $7.12BNet income $640.0M0001375365-25-000027 · filed 2025-08-28FY2024 · Revenue $14.99B · Net income $1.15B · 0001375365-25-000027 · filed 2025-08-28FY24Revenue $14.99BNet income $1.15B0001375365-25-000027 · filed 2025-08-28FY2025 · Revenue $21.97B · Net income $1.05B · 0001375365-25-000027 · filed 2025-08-28FY25Revenue $21.97BNet income $1.05B0001375365-25-000027 · filed 2025-08-28FY25Revenue $21.97BNet income $1.05B0001375365-25-000027 · filed 2025-08-28FY11FY13FY15FY17FY19FY21FY23FY25

revenue 30.5× since FY2010 · net margin 3.7% → 4.8%

MarginsNet marginFCF margin
-10%0%10%FY2010 · Net margin 3.7% · FCF margin -3.4%FY10Net margin 3.7%FCF margin -3.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 4.3% · FCF margin -0.8%FY11Net margin 4.3%FCF margin -0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 2.9% · FCF margin -0.8%FY12Net margin 2.9%FCF margin -0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 1.8% · FCF margin 0.7%FY13Net margin 1.8%FCF margin 0.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 3.7% · FCF margin -2.3%FY14Net margin 3.7%FCF margin -2.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 4.7% · FCF margin -4.2%FY15Net margin 4.7%FCF margin -4.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 3.2% · FCF margin 3.3%FY16Net margin 3.2%FCF margin 3.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 2.7% · FCF margin -5.1%FY17Net margin 2.7%FCF margin -5.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 1.4% · FCF margin 1.8%FY18Net margin 1.4%FCF margin 1.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 2.1% · FCF margin 6.8%FY19Net margin 2.1%FCF margin 6.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 2.5% · FCF margin -2.2%FY20Net margin 2.5%FCF margin -2.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 3.1% · FCF margin 1.8%FY21Net margin 3.1%FCF margin 1.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 5.5% · FCF margin -9.4%FY22Net margin 5.5%FCF margin -9.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 9.0% · FCF margin 8.8%FY23Net margin 9.0%FCF margin 8.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 7.7% · FCF margin -17.4%FY24Net margin 7.7%FCF margin -17.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 4.8% · FCF margin 7.0%FY25Net margin 4.8%FCF margin 7.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 4.8%FCF margin 7.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’13’17’21’25

FY2025: net 4.8% · free cash flow 7.0% of revenue

Cash engineOperating cash flowFree cash flow
−$2B$0$2BFY2010 · OCF −$2.2M · FCF −$24.4M · 0001445305-12-002860 · filed 2012-09-13FY10OCF −$2.2MFCF −$24.4M0001445305-12-002860 · filed 2012-09-13FY2011 · OCF $8.5M · FCF −$7.7M · 0001445305-13-002262 · filed 2013-09-11FY11OCF $8.5MFCF −$7.7M0001445305-13-002262 · filed 2013-09-11FY2012 · OCF $16.5M · FCF −$8.4M · 0001445305-14-003958 · filed 2014-09-15FY12OCF $16.5MFCF −$8.4M0001445305-14-003958 · filed 2014-09-15FY2013 · OCF $13.6M · FCF $8.6M · 0001628280-15-007025 · filed 2015-09-10FY13OCF $13.6MFCF $8.6M0001628280-15-007025 · filed 2015-09-10FY2014 · OCF $6.5M · FCF −$34.0M · 0001628280-16-019274 · filed 2016-08-26FY14OCF $6.5MFCF −$34.0M0001628280-16-019274 · filed 2016-08-26FY2015 · OCF −$46.1M · FCF −$81.2M · 0001375365-19-000039 · filed 2019-05-17FY15OCF −$46.1MFCF −$81.2M0001375365-19-000039 · filed 2019-05-17FY2016 · OCF $108.0M · FCF $73.9M · 0001375365-19-000039 · filed 2019-05-17FY16OCF $108.0MFCF $73.9M0001375365-19-000039 · filed 2019-05-17FY2017 · OCF −$96.2M · FCF −$125.6M · 0001375365-19-000079 · filed 2019-12-19FY17OCF −$96.2MFCF −$125.6M0001375365-19-000079 · filed 2019-12-19FY2018 · OCF $84.3M · FCF $59.5M · 0001375365-20-000064 · filed 2020-08-31FY18OCF $84.3MFCF $59.5M0001375365-20-000064 · filed 2020-08-31FY2019 · OCF $262.6M · FCF $237.7M · 0001375365-21-000060 · filed 2021-08-27FY19OCF $262.6MFCF $237.7M0001375365-21-000060 · filed 2021-08-27FY2020 · OCF −$30.3M · FCF −$74.7M · 0001375365-22-000103 · filed 2022-08-29FY20OCF −$30.3MFCF −$74.7M0001375365-22-000103 · filed 2022-08-29FY2021 · OCF $123.0M · FCF $64.9M · 0001375365-23-000036 · filed 2023-08-28FY21OCF $123.0MFCF $64.9M0001375365-23-000036 · filed 2023-08-28FY2022 · OCF −$440.8M · FCF −$486.0M · 0001375365-25-000004 · filed 2025-02-25FY22OCF −$440.8MFCF −$486.0M0001375365-25-000004 · filed 2025-02-25FY2023 · OCF $663.6M · FCF $626.8M · 0001375365-25-000027 · filed 2025-08-28FY23OCF $663.6MFCF $626.8M0001375365-25-000027 · filed 2025-08-28FY2024 · OCF −$2.49B · FCF −$2.61B · 0001375365-25-000027 · filed 2025-08-28FY24OCF −$2.49BFCF −$2.61B0001375365-25-000027 · filed 2025-08-28FY2025 · OCF $1.66B · FCF $1.53B · 0001375365-25-000027 · filed 2025-08-28FY25OCF $1.66BFCF $1.53B0001375365-25-000027 · filed 2025-08-28FY25OCF $1.66BFCF $1.53B0001375365-25-000027 · filed 2025-08-28’13’17’21’25

FY2025: $1.66B operating cash − $127.2M capex = $1.53B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%30%FY2011 · ROE 14.0% · ROA 8.7%FY11ROE 14.0%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 8.8% · ROA 5.1%FY12ROE 8.8%ROA 5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 5.7% · ROA 3.4%FY13ROE 5.7%ROA 3.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 11.5% · ROA 6.8%FY14ROE 11.5%ROA 6.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 15.0% · ROA 8.5%FY15ROE 15.0%ROA 8.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 10.3% · ROA 6.0%FY16ROE 10.3%ROA 6.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 8.6% · ROA 4.4%FY17ROE 8.6%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 5.5% · ROA 2.6%FY18ROE 5.5%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 7.6% · ROA 4.3%FY19ROE 7.6%ROA 4.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 7.9% · ROA 4.4%FY20ROE 7.9%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 10.2% · ROA 5.0%FY21ROE 10.2%ROA 5.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 20.0% · ROA 8.9%FY22ROE 20.0%ROA 8.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 32.5% · ROA 17.4%FY23ROE 32.5%ROA 17.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 21.3% · ROA 11.7%FY24ROE 21.3%ROA 11.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 16.6% · ROA 7.5%FY25ROE 16.6%ROA 7.5%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 16.6%ROA 7.5%derived: net income ÷ equity · derived: net income ÷ assets’13’16’19’22’25

return on equity 14% (FY2011) → 17% (FY2025) · on assets 7.5%

Balance sheetLiabilitiesEquity
$0$5B$10B$15BFY2011 · Liabilities $177.4M · Equity $287.3MFY11Liabilities $177.4MEquity $287.3M0001445305-12-002860 · filed 2012-09-13FY2012 · Liabilities $250.8M · Equity $338.4MFY12Liabilities $250.8MEquity $338.4M0001445305-13-002262 · filed 2013-09-11FY2013 · Liabilities $258.5M · Equity $373.5MFY13Liabilities $258.5MEquity $373.5M0001445305-14-003958 · filed 2014-09-15FY2014 · Liabilities $327.1M · Equity $469.1MFY14Liabilities $327.1MEquity $469.1M0001628280-15-007025 · filed 2015-09-10FY2015 · Liabilities $470.7M · Equity $618.9MFY15Liabilities $470.7MEquity $618.9M0001628280-16-019274 · filed 2016-08-26FY2016 · Liabilities $494.8M · Equity $696.5MFY16Liabilities $494.8MEquity $696.5M0001375365-19-000039 · filed 2019-05-17FY2017 · Liabilities $741.3M · Equity $773.7MFY17Liabilities $741.3MEquity $773.7M0001375365-19-000039 · filed 2019-05-17FY2018 · Liabilities $925.9M · Equity $843.5MFY18Liabilities $925.9MEquity $843.5M0001375365-19-000079 · filed 2019-12-19FY2019 · Liabilities $741.4M · Equity $941.0MFY19Liabilities $741.4MEquity $941.0M0001375365-20-000064 · filed 2020-08-31FY2020 · Liabilities $852.9M · Equity $1.07BFY20Liabilities $852.9MEquity $1.07B0001375365-21-000060 · filed 2021-08-27FY2021 · Liabilities $1.15B · Equity $1.10BFY21Liabilities $1.15BEquity $1.10B0001375365-22-000103 · filed 2022-08-29FY2022 · Liabilities $1.78B · Equity $1.43BFY22Liabilities $1.78BEquity $1.43B0001375365-23-000036 · filed 2023-08-28FY2023 · Liabilities $1.70B · Equity $1.97BFY23Liabilities $1.70BEquity $1.97B0001375365-25-000004 · filed 2025-02-25FY2024 · Liabilities $4.41B · Equity $5.42BFY24Liabilities $4.41BEquity $5.42B0001375365-25-000027 · filed 2025-08-28FY2025 · Liabilities $7.72B · Equity $6.30BFY25Liabilities $7.72BEquity $6.30B0001375365-25-000027 · filed 2025-08-28FY25Liabilities $7.72BEquity $6.30B0001375365-25-000027 · filed 2025-08-28’13’16’19’22’25

FY2025: $14.02B assets · $7.72B liabilities · $6.30B equity

The receipts