# Oracle Corporation (ORCL)

> Oracle sells business software, database products, cloud computing services, computer hardware, and related support and consulting.

- Exchange: NYSE · Sector: Technology · Industry: Software Infrastructure
- Headquarters: Austin, Texas
- Founded: 1977
- Employees: Approximately 141,000 (May 31, 2026)
- SEC CIK: 0001341439 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001341439))
- Full page: https://inspectstocks.com/stocks/orcl
- Data as of: price 2026-09-28; newest filing used 2026-09-11; latest fiscal period ended 2026-08-31

## Grade

**D+** on the growth-and-cash rubric, 2 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $71.8B | $51B |
| Revenue growing recently | passed | $71.8B | $67.4B |
| Free cash flow positive | failed | -$28.7B |  |
| Free cash flow growing overall | failed | -$28.7B | $9.5B |
| Free cash flow growing recently | failed | -$28.7B | -$23.7B |

Business quality (the + / − mark): 5 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 26.4% |  |
| Healthy profit margin | passed | 26.4% |  |
| Strong operating margin | passed | 32.1% |  |
| Good return on equity | passed | 44.5% |  |
| Debt under control | passed | 1.06 |  |
| Turns sales into cash | failed | -40.0% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $71.8B |
| Net income, trailing twelve months | $18.9B |
| Free cash flow, trailing twelve months | -$28.7B |
| Net margin | 26.4% |
| Operating margin | 32.1% |
| Return on equity | 44.5% |
| Debt to equity | 1.06 |
| Diluted EPS, trailing twelve months | $6.38 |
| Share price | $132.63 |
| Market value | $401B |
| Price / earnings | 20.8x |
| Price / sales | 5.6x |

## What the business does

Oracle makes software businesses use to manage work such as accounting, hiring, customer service, and health records. It also sells database software and cloud computing services, which provide computing power, storage, and software over the internet or in a customer’s own data center. Its products can include artificial intelligence (AI) features, and customers can buy subscriptions, software licenses, hardware, support, or consulting.

### How it makes money

- **Cloud and software** (89% (three months ended August 31, 2026)) — Customers pay subscription fees for cloud applications and computing services, usually over a contract term. Oracle also sells software licenses, typically paid for upfront, and support contracts that are generally billed in advance and recognized over the support period.
- **Hardware** (4% (three months ended August 31, 2026)) — Customers pay for products such as Oracle Exadata systems, servers, and storage when the hardware is delivered. They can also buy hardware support, including repairs and technical help.
- **Services** (7% (three months ended August 31, 2026)) — Customers pay for consulting to plan, install, and connect Oracle products, and for customer success services to help maintain their use of those products. Revenue is generally recognized as the services are performed.

### Products

- **Oracle Cloud Infrastructure** — Internet-delivered computing services, including computing power, storage, networking, and tools for building and running applications. Customers can also use some services in their own data centers or alongside other cloud providers.
- **Oracle Cloud Applications** — Subscription software for business tasks such as finance, supply chains, hiring, sales, and customer service. It includes Oracle Fusion applications, NetSuite for smaller and medium-sized organizations, and healthcare applications.
- **Oracle AI Database** — Software that stores, organizes, and retrieves an organization’s data. Customers can license it for their own systems or use it as a service through Oracle or other cloud providers.
- **Java and Oracle Middleware** — Java is a programming language used to build software. Oracle Middleware includes tools that help organizations connect applications, manage security, and run software.
- **Oracle Engineered Systems** — Preassembled computer systems that combine Oracle hardware and software. Oracle Exadata is designed for running Oracle database workloads.
- **Consulting and customer success services** — Consultants help customers plan, install, connect, and update Oracle products. Customer success services provide additional help with customers’ use of those products.

### Customers

- Businesses across many industries buy cloud subscriptions, software licenses, support, hardware, and consulting, directly from Oracle or through resellers and other partners.
- Small and medium-sized organizations can subscribe to NetSuite applications for tasks such as finance, inventory, and customer management.
- Government agencies buy business applications, cloud computing services, databases, and industry-specific products.
- Educational institutions buy Oracle products and services for their administrative and technology needs.
- Healthcare organizations buy healthcare applications and database and cloud services; Oracle also sells electronic health record systems to healthcare providers.

### Competitors

- Microsoft (MSFT) — Business software, databases, and cloud computing services; Microsoft Azure is a division of Microsoft.
- Amazon (AMZN) — Cloud computing services through Amazon Web Services, a division of Amazon.
- Alphabet (GOOGL) — Cloud computing services through Google Cloud, a division of Alphabet.
- International Business Machines Corporation (IBM) — Business software, databases, and infrastructure services.
- SAP (SAP) — Business applications for functions such as finance, supply chains, and human resources.
- Salesforce (CRM) — Software for sales, customer service, and marketing.

### What it depends on

- Oracle’s cloud services rely on data center capacity, power, and other infrastructure being available where customers need it and at costs Oracle can manage.
- Oracle relies on third-party manufacturers to make most of its hardware and depends on suppliers for components, including some that have sole or single sources.
- A substantial portion of software customers renew support contracts, and customers can choose whether to renew cloud and hardware support contracts.
- Oracle sells internationally and operates in regulated areas such as healthcare, so trade rules, privacy requirements, and healthcare regulations can affect its business.

### What could go wrong

- Oracle says that if it cannot secure enough data center capacity at affordable rates, or plan and manage that capacity accurately, its profitability may decline.
- Oracle’s cloud and hardware products are complex and rely on technologies and components from suppliers; supply or delivery problems, or difficulty managing that complexity, could harm results.
- Oracle says its AI products may not work as intended and that failure to compete or execute its cloud strategy could affect customer relationships, revenue, and profitability.

## More on this company

- [Overview](https://inspectstocks.com/stocks/orcl)
- [Financial statements](https://inspectstocks.com/stocks/orcl/financials)
- [Competitors](https://inspectstocks.com/stocks/orcl/peers)
- [Earnings](https://inspectstocks.com/stocks/orcl/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.