Historical source-based research. Compilation date and financial period are different dates.
Observation
Across 17 eligible technology companies, the equal-weight median equity as a share of assets was 50.52% for the prior selected annual periods.
Data context
The eligible sample covers 17 of 18 selected companies. The prior selected annual periods span 2024-01-31 to 2025-07-31. Companies have different fiscal year ends. This is a cross-sectional research sample, not a calendar-year index or a representation of the full sector.
Company evidence
NVDA 71.08% (period 2025-01-26); AAPL 15.60% (period 2024-09-28); MSFT 55.49% (period 2025-06-30); MU 65.02% (period 2024-08-29); AMD 83.16% (period 2024-12-28); INTC 50.52% (period 2024-12-28); ORCL 12.15% (period 2025-05-31); CSCO 38.30% (period 2025-07-26); PLTR 78.91% (period 2024-12-31); DELL -1.86% (period 2025-01-31); AMAT 55.22% (period 2024-10-27); PANW 33.19% (period 2025-07-31); CRWD 37.69% (period 2025-01-31); ANET 71.17% (period 2024-12-31); TXN 47.60% (period 2024-12-31); IBM 19.91% (period 2024-12-31); CRM 59.75% (period 2024-01-31).
Distribution
The sample range is -1.86% (DELL) to 83.16% (AMD). The median is computed across company ratios with equal weight; it is not a ratio of aggregate totals. Extreme values can reflect a small denominator or unusual accounting items.
Interpretation
Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures. The numerator is shareholdersEquity; the denominator is total assets. Only positive denominators and disclosed numerators qualify. No missing value is replaced with zero.
What to watch
Revenue mix, research spending, inventory and cash conversion.
Research limitations
Customer concentration, product transitions, export restrictions and the durability of capital spending. The sample uses a September 18, 2026 source snapshot. It does not establish current market conditions, causal drivers or future returns. Sector labels are editorial and the financial-sector cash-flow measures need particular caution.
| Company | Value | Period end |
|---|---|---|
| NVDA | 71.08% | 2025-01-26 |
| AAPL | 15.60% | 2024-09-28 |
| MSFT | 55.49% | 2025-06-30 |
| MU | 65.02% | 2024-08-29 |
| AMD | 83.16% | 2024-12-28 |
| INTC | 50.52% | 2024-12-28 |
| ORCL | 12.15% | 2025-05-31 |
| CSCO | 38.30% | 2025-07-26 |
| PLTR | 78.91% | 2024-12-31 |
| DELL | -1.86% | 2025-01-31 |
| AMAT | 55.22% | 2024-10-27 |
| PANW | 33.19% | 2025-07-31 |
| CRWD | 37.69% | 2025-01-31 |
| ANET | 71.17% | 2024-12-31 |
| TXN | 47.60% | 2024-12-31 |
| IBM | 19.91% | 2024-12-31 |
| CRM | 59.75% | 2024-01-31 |
Sources & dates
- NVDA · period 2025-01-26 ↗Source date 2026-02-25
- AAPL · period 2024-09-28 ↗Source date 2025-10-31
- MSFT · period 2025-06-30 ↗Source date 2026-07-29
- MU · period 2024-08-29 ↗Source date 2025-10-03
- AMD · period 2024-12-28 ↗Source date 2026-02-04
- INTC · period 2024-12-28 ↗Source date 2026-01-23
- ORCL · period 2025-05-31 ↗Source date 2026-06-22
- CSCO · period 2025-07-26 ↗Source date 2026-09-02
- PLTR · period 2024-12-31 ↗Source date 2026-02-17
- DELL · period 2025-01-31 ↗Source date 2026-03-16
- AMAT · period 2024-10-27 ↗Source date 2025-12-12
- PANW · period 2025-07-31 ↗Source date 2026-09-10
- CRWD · period 2025-01-31 ↗Source date 2026-03-05
- ANET · period 2024-12-31 ↗Source date 2026-02-17
- TXN · period 2024-12-31 ↗Source date 2026-02-06
- IBM · period 2024-12-31 ↗Source date 2026-02-24
- CRM · period 2024-01-31 ↗Source date 2026-03-02