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CIK 1341439 · Tech & Software Serial Acquirers
Oracle Corporation is a public company in Software - Infrastructure, tracked in the tech software serial acquirers sub-sector, with $64B TTM revenue and $29B TTM EBITDA.
Market data as of May 10, 2026
Financials: LTM / latest available company filings
Sources: FMP, ORCL filings, SEC EDGAR
$563,532
Market cap ($MM)
$687,242
Enterprise value ($MM)
$64,077
Revenue · LTM ($MM)
$29,308
EBITDA · LTM ($MM)
46%
EBITDA margin
10.7x
EV / revenue
23.4x
EV / EBITDA
0.2x
Net debt / EBITDA
Coverage
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
Balance sheet & capacity
Indicative capacity read: 0.2x net debt / EBITDA with EBITDA of $29B.
$38,455
Cash & equiv. ($MM)
$43,000
Total debt ($MM)
$4,545
Net debt ($MM)
0.2x
Net debt / EBITDA
Valuation
ORCL versus the scaled public Tech & Software Serial Acquirers comparables.
EV / EBITDA distribution · peer set
ORCL 23.4x
Indexed share-price performance
ORCL versus available Tech & Software Serial Acquirers peers and SPY.
+145%
ORCL
+21%
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Oracle Corporation | ORCL | $64,077 | $29,308 | 46% | $563,532 | $687,242 | 10.7x | 23.4x | 0.2x |
| Microsoft Corporation | MSFT | $318,273 | $200,959 | 63% | $3,083,690 | $3,108,550 | 9.8x | 15.5x | 0.0x |
| Cisco Systems, Inc. | CSCO | $59,054 | $17,000 | 29% | $381,441 | $404,069 | 6.8x | 23.8x | 0.9x |
| Salesforce, Inc. | CRM | $41,525 | $12,725 | 31% | $172,727 | $182,576 | 4.4x | 14.3x | 0.6x |
| Adobe Inc. | ADBE | $24,453 | $9,880 | 40% | $102,279 | $102,603 | 4.2x | 10.4x | -0.1x |
| Tech & Software Serial Acquirers median | $59,054 | $17,000 | 40% | $381,441 | $404,069 | 6.8x | 15.5x | 0.2x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
ORCL's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
55
Active years
16
Named deals
10
Avg / active year
3.4
Acq. cash outflow ($MM)
N/A
Banker read
Annual acquisitions + disclosed spend
ORCL count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
1 / 2
Last three years is down 50% vs prior three.
Peak count year
FY12
4 disclosed acquisitions in the peak visible year.
Recent spend
$28B
is up 110% vs prior three; peak FY23 at $28B.
Named evidence
10 rows
18% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Jun 8, 2022 | Cerner Corporation | Tech software serial acquirers | $28,200 | On June 8, 2022, we completed our acquisition of Cerner Corporation (Cerner), a provider of digital information systems used within hospitals and health systems that are designe... | 10-K† |
| Jan 7, 2005 | PeopleSoft, Inc. | Tech software serial acquirers | $11,100 | We acquired approximately 75% and 97% of the outstanding common stock of PeopleSoft, Inc. for $26.50 per share in cash as of December 29, 2004 and January 6, 2005, respectively.... | 10-K† |
| Apr 29, 2008 | BEA Systems, Inc. | Tech software serial acquirers | $8,615 | We acquired BEA Systems, Inc. on April 29, 2008 by means of a merger of one of our wholly-owned subsidiaries with and into BEA such that BEA became a wholly-owned subsidiary of... | 10-K† |
| Apr 19, 2009 | Sun Microsystems, Inc. | Tech software serial acquirers | $7,400 | On April 19, 2009, we entered into an Agreement and Plan of Merger (Merger Agreement) with Sun Microsystems, Inc. (Sun), a provider of enterprise computing systems, software and... | 10-K† |
| Jan 26, 2010 | Sun Microsystems, Inc. | Tech software serial acquirers | $7,299 | On January 26, 2010 we completed our acquisition of Sun, a provider of hardware systems, software and services, by means of a merger of one of our wholly owned subsidiaries with... | 10-K† |
| Jan 26, 2010 | Sun Microsystems, Inc. | Tech software serial acquirers | $7,295 | On January 26, 2010 we completed our acquisition of Sun Microsystems, Inc., a provider of hardware systems, software and services, by means of a merger of one of our wholly owne... | 10-K† |
| Jan 31, 2006 | Siebel Systems, Inc. | Tech software serial acquirers | $6,131 | On January 31, 2006, we completed our acquisition of Siebel pursuant to our Merger Agreement dated September 12, 2005. We acquired Siebel to expand our customer relationship man... | 10-K† |
| Sep 8, 2014 | MICROS Systems, Inc. | Tech software serial acquirers | $5,206 | Acquisition of MICROS Systems, Inc. On September 8, 2014, we completed our acquisition of MICROS Systems, Inc. (MICROS), a provider of integrated software, hardware and services... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 16 SEC-backed facts across 9 cited filings.
Evidence
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
18
Named deal filings
8
Recent SEC filings
10
Evidence clips
6
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Jun 18, 2025 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2024 | Jun 20, 2024 | Annual M&A 10-K | warning (1 warn) | N/A | $63.0MM | N/A | SEC filing |
| FY2023 | Jun 20, 2023 | Annual M&A 10-K | accepted | N/A | $28B | $28B | SEC filing |
| FY2022 | Jun 21, 2022 | Annual M&A 10-K | accepted | 1 | $148MM | $28B | SEC filing |
| FY2021 | Jun 21, 2021 | Annual M&A 10-K | warning (1 warn) | N/A | $41.0MM | N/A | SEC filing |
| FY2020 | Jun 22, 2020 | Annual M&A 10-K | warning (1 warn) | N/A | $124MM | N/A | SEC filing |
| FY2019 | Jun 21, 2019 | Annual M&A 10-K | warning (1 warn) | N/A | $363MM | N/A | SEC filing |
| FY2017 | Jun 27, 2017 | Annual M&A 10-K | accepted | N/A | $11B | $12B | SEC filing |
| FY2016 | Jun 22, 2016 | Annual M&A 10-K | warning (1 warn) | N/A | $650MM | N/A | SEC filing |
| FY2015 | Jun 25, 2015 | Annual M&A 10-K | quarantined (2 issue) | N/A | $6.2B | $6.9B | SEC filing |
| FY2014 | Jun 26, 2014 | Annual M&A 10-K | accepted | N/A | $3.5B | $3.9B | SEC filing |
| FY2013 | Jun 26, 2013 | Annual M&A 10-K | accepted | 2 | $3.0B | $3.0B | SEC filing |
| FY2012 | Jun 26, 2012 | Annual M&A 10-K | accepted | 4 | $4.7B | $5.1B | SEC filing |
| FY2010 | Jul 1, 2010 | Annual M&A 10-K | accepted | 2 | $5.6B | $7.3B | SEC filing |
| FY2009 | Jun 29, 2009 | Annual M&A 10-K | accepted | N/A | $1.2B | $1.2B | SEC filing |
| FY2008 | Jul 2, 2008 | Annual M&A 10-K | accepted | 2 | $8.6B | $8.6B | SEC filing |
| FY2007 | Jun 29, 2007 | Annual M&A 10-K | accepted | 1 | $3.3B | $3.3B | SEC filing |
| FY2006 | Jul 21, 2006 | Annual M&A 10-K | accepted | N/A | $4.0B | $6.1B | SEC filing |
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Jun 20, 2024 | 10-K | Cerner Corporation | Annual M&ANamed deals | SEC filing |
| Jun 27, 2017 | 10-K | MICROS Systems, Inc. | Annual M&ANamed deals | SEC filing |
| Jun 25, 2015 | 10-K | Acme Packet, Inc. | Annual M&ANamed deals | SEC filing |
| Jun 26, 2012 | 10-K | Sun Microsystems, Inc. | Annual M&ANamed deals | SEC filing |
| Jul 1, 2010 | 10-K | BEA Systems, Inc.; Sun Microsystems, Inc. | Annual M&ANamed deals | SEC filing |
| Jun 29, 2009 | 10-K | Sun Microsystems, Inc.; Hyperion Solutions Corporation | Annual M&ANamed deals | SEC filing |
| Jul 2, 2008 | 10-K | Siebel Systems, Inc. | Annual M&ANamed deals | SEC filing |
| Jul 21, 2006 | 10-K | PeopleSoft, Inc. | Annual M&ANamed deals | SEC filing |
| Filing date | Form | Items | Description | Support | Source |
|---|---|---|---|---|---|
| Apr 6, 2026 | 8-K | 5.02,7.01,9.01 | 8-K | FinancialsRecent SEC | SEC filing |
| Mar 11, 2026 | 10-Q | N/A | 10-Q | Recent SEC | SEC filing |
| Mar 10, 2026 | 8-K | 2.02,8.01,9.01 | 8-K | Recent SEC | SEC filing |
| Mar 1, 2026 | 10-Q | N/A | Quarterly report from SEC company index | Recent SEC | SEC filing |
| Feb 5, 2026 | 8-K | 1.01,3.03,5.03,9.01 | 8-K | Recent SEC | SEC filing |
| Feb 4, 2026 | 8-K | 1.01,8.01,9.01 | 8-K | Recent SEC | SEC filing |
| Jan 9, 2026 | 8-K | 5.02 | 8-K | Recent SEC | SEC filing |
| Dec 11, 2025 | 10-Q | N/A | 10-Q | Recent SEC | SEC filing |
| Dec 10, 2025 | 8-K | 2.02,8.01,9.01 | 8-K | Recent SEC | SEC filing |
| Dec 1, 2025 | 10-Q | N/A | Quarterly report from SEC company index | Recent SEC | SEC filing |
Acquisition of Cerner Corporation
10-K - Jun 20, 2024
On June 8, 2022, we completed our acquisition of Cerner Corporation (Cerner), a provider of digital information systems used within hospitals and health systems that are designed to enable medical professionals to deliv…
PeopleSoft, Inc.
10-K - Jul 21, 2006
We acquired approximately 75% and 97% of the outstanding common stock of PeopleSoft, Inc. for $26.50 per share in cash as of December 29, 2004 and January 6, 2005, respectively. On January 7, 2005, we completed the merg…
BEA Systems, Inc.
10-K - Jul 1, 2010
We acquired BEA Systems, Inc. on April 29, 2008 by means of a merger of one of our wholly-owned subsidiaries with and into BEA such that BEA became a wholly-owned subsidiary of Oracle. We acquired BEA to, among other th…
Sun Microsystems, Inc.
10-K - Jun 29, 2009
On April 19, 2009, we entered into an Agreement and Plan of Merger (Merger Agreement) with Sun Microsystems, Inc. (Sun), a provider of enterprise computing systems, software and services. Pursuant to the Merger Agreemen…
Acquisition of Sun Microsystems, Inc.
10-K - Jun 26, 2012
On January 26, 2010 we completed our acquisition of Sun, a provider of hardware systems, software and services, by means of a merger of one of our wholly owned subsidiaries with and into Sun such that Sun became a wholl…
Sun Microsystems, Inc.
10-K - Jul 1, 2010
On January 26, 2010 we completed our acquisition of Sun Microsystems, Inc., a provider of hardware systems, software and services, by means of a merger of one of our wholly owned subsidiaries with ...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.