OracleORCL

OracleORCL

Revenue: is the business selling more than it used to?

$67.4B+17% YoYFY 2025

→Revenue reached $67.4B in 2025, compounding +10% a year since 2022 and the pace is picking up.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

Net income: how much of that revenue becomes profit?

$17.1B+37% YoYFY 2025

→Net income was $17.1B in 2025, compounding +26% a year over three years. Earnings per share moved +37% over the last twelve months.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

How fast is it growing, year by year?

+17.3%revenue growth, FY 2025

→Revenue grew +17% in 2025 against a five-year average of +11%. Earnings grew faster (+37%), so each new dollar of sales is arriving more profitably. 2018's +209% earnings rebound off a collapsed base sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

Revenue per share: is your slice growing as fast as the company?

$23.11revenue per share, FY 2025

→Revenue per share reached $23.11 in 2025, compounding +9% a year against +10% for ORCL as a whole. Dilution absorbed about 1.9 points of that growth. Free cash flow per share stands at $-8.13.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

Free cash flow: what is left in real cash after everything?

$-23.7BFY 2025

→The business consumed $23.7B of cash in 2025 after investment. Growth is being funded from the balance sheet, not from operations.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

How much of every sales dollar ends up as free cash?

→Free cash flow is negative, so no share of revenue is currently converting to spare cash. Every sales dollar is being reinvested or consumed.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is capital spending, at 83% of revenue (research and development 15%, stock compensation 7%). That share has risen since 2022, so the cost of competing is climbing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

When sales grow, do profits grow faster?

→Operating profit outgrew revenue in 3 of the last 5 years, most recently +17% against +17%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

Margins: of every $1 of sales, how much survives each cost layer?

→Operating margin widened 4 points to 31% since 2022. After everything, 25 cents of each sales dollar reaches net profit.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

What does it earn on the money it uses?

→ROE of 40% sits well above ROCE of 12%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

What has the market paid for ORCL over time?

27.1xP/E today

→At 27.1x earnings, the market is paying about what it has typically paid ORCL's own 11-year median of 25.2x. Neither a bargain nor a stretch by its own standard.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

What cash return does the business throw off per dollar of market value?

-5.2%FCF yield today

→Every dollar of market value currently buys -5.2% of annual free cash flow, less than its 11-year median of 7.2% - you are paying up for the same cash.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

Could it handle its debt if things went wrong?

→The company holds $31.3B in cash against $7.2B of debt - a net-cash balance sheet, which means a bad year is an inconvenience rather than a threat.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

Is the company's own capital growing?

→The company's own capital grew from $3.9B in 2023 to $42.5B (+1000%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

How much goes back, and how much leaks out as stock comp?

→Shareholders received $95M in buybacks and $5.8B in dividends in 2025. Stock compensation issued $4.8B of new shares in the same year, offsetting 82% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

How fast is your ownership being diluted - or concentrated?

→The share count grew 1.7% in 2025, averaging 1.8% a year over three years. Your slice of the company shrinks by that much each year unless earnings grow faster.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

Is the dividend cheque growing?

→The dividend per share reached $1.99 in 2025, compounding +14% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

Can it afford the dividend?

→The dividend consumed 34% of profit and 37% of free cash flow in 2025. That leaves room to keep paying through a weak year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

Does ORCL earn more on its capital than that capital costs?

→ORCL earns 12.3% on the capital it employs, comfortably above the 10% most investors treat as the cost of capital. It was 12.9% in 2022, so the trend is down, and the pace is picking up.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

ORCL has issued or retired shares - did shareholders end up better off?

→ORCL has shrunk its share count -43% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +217% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

OracleORCL

Are the people running it buying or selling?

→Insiders sold $125M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 27 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31