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Oracle

ORCL on NYSE. Oracle sells software, cloud applications, and infrastructure to businesses. Market value $430.8bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to August 2026. Quality checks use five annual reports, the latest for the year to May 2026.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Technology stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to August 2026
-6.6%low

For every $100 of what the whole company costs, it produced $-6.56 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to August 2026
23.2×full

You pay 23.2 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to May 2026
13.7%five-year median

Each dollar kept in the business earns 14 cents a year. Above 10 is good.

Quality score: 70 of 100. Price score: 36 of 100. Our list needs 70 on quality and 60 on price.

$144.77 a share, 26% above its 1-year low

Over the past year the price has ranged from $114.50 to $322.54.

Dividend: 1.3% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

5.0
8.5
11.8
-0.4
-23.7
-28.7
2022202320242025202612 monthsto Aug '26
Revenue
$42.4bn$50.0bn$53.0bn$57.4bn$67.4bn
Operating margin
25.7%26.2%29.0%30.8%30.6%
Debt to equity
n/a84.339.984.533.05
Shares outstanding
2.71bn2.76bn2.81bn2.88bn3.02bn

Health checks

  • Free cash flow positive3 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)5 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt3.05× equity
  • Revenue growth, five yearsStrong, 10.7% a year
  • Buying back its own sharesNo, 11% more shares since 2022

The quarter to August 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $19.3 billion last quarter, up 30% on a year ago.
  • Profit: $4.8 billion, up 63% on a year ago.
  • It keeps 32 cents of each $1 of sales as operating profit, up from 30 cents a year earlier.
  • Over the past 12 months it spent $28.7 billion more cash than it brought in, compared with $5.9 billion a year earlier.
  • 3% more shares than a year ago. Each share owns a bit less of the company.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
November 2024$14.1bn
February 2025$14.1bn
May 2025$15.9bn
August 2025$14.9bn
November 2025$16.1bn
February 2026$17.2bn
May 2026$19.2bn
August 2026$19.3bn
Profit by quarter
Profit by quarter
Quarter toAmount
November 2024$3.2bn
February 2025$2.9bn
May 2025$3.4bn
August 2025$2.9bn
November 2025$6.1bn
February 2026$3.7bn
May 2026$4.3bn
August 2026$4.8bn

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
10 December 2026
Last annual report (10-K)
22 June 2026
Next quarterly (estimated, 10-Q)
11 December 2026

Who owns it

29 long-term investors we follow own it, up from 27 last quarter. 3,515 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

No one has reported a stake above 5% since December 2024.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $3m of shares on the open market. 9 sold $119m, $84m of it under preset trading plans.

  • RUSCKOWSKI STEPHEN H
    Director
    Bought
    Date
    29 September 2026
    Shares
    25,000
    Price
    $139.35
    Value
    $3m
  • Smith Maria
    EVP, Chief Accounting Officer
    Sold
    Date
    22 September 2026
    Shares
    2,631
    Price
    $151.70
    Value
    $399,123
  • Sicilia Michael D.
    Chief Executive Officer
    Sold
    under a preset trading plan
    Date
    22 September 2026
    Shares
    22,562
    Price
    $151.59
    Value
    $3m
  • Sicilia Michael D.
    Chief Executive Officer
    Sold
    under a preset trading plan
    Date
    16 September 2026
    Shares
    10,882
    Price
    $139.94
    Value
    $2m
  • HENLEY JEFFREY
    Vice Chairman, Director
    Sold
    under a preset trading plan
    Date
    24 June 2026
    Shares
    400,000
    Price
    $159.16
    Value
    $64m
  • Levey Stuart
    EVP, Chief Legal Officer
    Sold
    under a preset trading plan
    Date
    16 April 2026
    Shares
    15,000
    Price
    $176.19
    Value
    $3m
  • Magouyrk Clayton M.
    Chief Executive Officer
    Sold
    Date
    9 February 2026
    Shares
    10,000
    Price
    $155.23
    Value
    $2m
  • KEHRING DOUGLAS A
    EVP, Principal Financial Offcr
    Sold
    under a preset trading plan
    Date
    15 January 2026
    Shares
    35,000
    Price
    $194.89
    Value
    $7m
  • Hura Mark
    Pres., Global Field Operations
    Sold
    Date
    24 December 2025
    Shares
    15,000
    Price
    $196.89
    Value
    $3m
  • SELIGMAN NAOMI O
    Director
    Sold
    Date
    23 December 2025
    Shares
    2,223
    Price
    $196.61
    Value
    $437,064

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 22 Jun 2026, plus the 10-Q filed 11 Sep 2026 and 2 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It carries a lot of debt: 3.0× its equity.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from

An insider just bought shares with their own money. The deep dive asks why.

Create a free account to run it

Your first deep dive is free.

What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.