MSFT — Microsoft Corporation · Research

CHAIN-D scores pending — refresh after next quarterly run.

Numbers on the wire.

Market cap

$2.78T

P/E (TTM)

22.24

P/S (TTM)

8.75

EV / EBITDA

39.17

Gross margin

68.31%

Op margin

46.75%

Net margin

39.34%

FCF margin

—

Rev growth YoY

17.87%

EPS growth YoY

29.75%

ROE

33.13%

ROA

19.15%

Debt / Equity

0.25

Current ratio

1.28

Price / Book

6.63

Beta

1.14

Layer Presence.

Post-Quantum CryptographyNIST post-quantum cryptography standardization (CRYSTALS-Kyber/ML-KEM, CRYSTALS-Dilithium/ML-DSA, FALCON/FN-DSA, SPHINCS+/SLH-DSA) and algorithm library vendors.55%
Post-Quantum CryptographyPost-quantum cryptography library integration into enterprise software, cloud HSMs, and network security products.52%
Quantum Computing (All Modalities)Cloud-hosted quantum computing platforms, managed services, and end-user access layers.72%

Microsoft's dual quantum bet: near-term (Azure Quantum partnerships with IonQ, HON) + long-term (topological qubits via Majorana Zero Modes, decade-scale). PQC integration in Azure/Windows adds near-term PQC revenue optionality. Risk: topological qubit timeline remains highly uncertain.

MSFT — Microsoft Corporation

Numbers on the wire.

Layer Presence.

From the EDGAR wire.

From the tape.