Compiled 2026-09-26Data through 2026-07-312 min read
Dated source-based research · No live market data

Observation

Across 17 eligible technology companies, the equal-weight median equity as a share of assets was 54.05% for the latest selected annual periods.

Data context

The eligible sample covers 17 of 18 selected companies. The latest selected annual periods span 2025-08-28 to 2026-07-31. 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 76.06% (period 2026-01-25); AAPL 20.52% (period 2025-09-27); MSFT 58.33% (period 2026-06-30); MU 65.42% (period 2025-08-28); AMD 81.90% (period 2025-12-27); INTC 54.05% (period 2025-12-27); ORCL 16.24% (period 2026-05-31); CSCO 38.79% (period 2026-07-25); PLTR 83.00% (period 2025-12-31); DELL -2.44% (period 2026-01-30); AMAT 56.24% (period 2025-10-26); PANW 56.73% (period 2026-07-31); CRWD 39.94% (period 2026-01-31); ANET 63.61% (period 2025-12-31); TXN 47.05% (period 2025-12-31); IBM 21.50% (period 2025-12-31); CRM 52.66% (period 2026-01-31).

Distribution

The sample range is -2.44% (DELL) to 83.00% (PLTR). 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-level observations · percent
CompanyValuePeriod end
NVDA76.06%2026-01-25
AAPL20.52%2025-09-27
MSFT58.33%2026-06-30
MU65.42%2025-08-28
AMD81.90%2025-12-27
INTC54.05%2025-12-27
ORCL16.24%2026-05-31
CSCO38.79%2026-07-25
PLTR83.00%2025-12-31
DELL-2.44%2026-01-30
AMAT56.24%2025-10-26
PANW56.73%2026-07-31
CRWD39.94%2026-01-31
ANET63.61%2025-12-31
TXN47.05%2025-12-31
IBM21.50%2025-12-31
CRM52.66%2026-01-31

Sources & dates