F5 (FFIV) Financials

$286.59 +4.49 (+1.59%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$286.50 -0.09 (-0.03%)

As of 05/27/2025 05:56 PM Eastern

Annual Income Statements for F5

This table shows F5's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Income / (Loss) Attributable to Common Shareholders	567	395	322	331	307	428	454	421	366	365
Consolidated Net Income / (Loss)	567	395	322	331	307	428	454	421	366	365
Net Income / (Loss) Continuing Operations	567	395	322	331	307	428	454	421	366	365
Total Pre-Tax Income	695	486	385	387	396	541	604	576	550	561
Total Operating Income	659	473	404	394	392	518	591	564	547	553
Total Gross Profit	2,258	2,220	2,156	2,110	1,943	1,886	1,800	1,737	1,658	1,588
Total Revenue	2,816	2,813	2,696	2,603	2,351	2,242	2,161	2,090	1,995	1,920
Operating Revenue	2,816	2,813	2,696	2,603	2,351	2,242	2,161	2,090	1,995	1,920
Total Cost of Revenue	558	593	540	493	408	357	361	353	337	332
Operating Cost of Revenue	558	593	540	493	408	357	361	353	337	332
Total Operating Expenses	1,600	1,747	1,752	1,716	1,551	1,367	1,209	1,173	1,110	1,035
Selling, General & Admin Expense	269	263	275	274	258	211	160	157	138	136
Marketing Expense	832	878	927	930	843	749	664	652	629	603
Research & Development Expense	490	540	543	513	441	408	366	350	334	297
Restructuring Charge	8.66	65	7.91	0.00	7.80	0.00	18	13	0.00	0.00
Total Other Income / (Expense), net	37	13	-18	-7.09	4.13	23	13	12	2.51	8.45
Other Income / (Expense), net	37	13	-18	-7.09	4.13	23	13	12	2.51	8.45
Income Tax Expense	129	91	63	56	89	113	150	155	184	196
Basic Earnings per Share	$9.65	$6.59	$5.34	$5.46	$5.05	$7.12	$7.41	$6.56	$5.43	$5.07
Weighted Average Basic Shares Outstanding	58.72M	59.91M	60.27M	60.71M	60.91M	60.04M	61.26M	64.17M	67.43M	71.94M
Diluted Earnings per Share	$9.55	$6.55	$5.27	$5.34	$5.01	$7.08	$7.32	$6.50	$5.38	$5.03
Weighted Average Diluted Shares Outstanding	59.36M	60.27M	61.10M	62.06M	61.38M	60.46M	62.01M	64.78M	67.98M	72.55M
Weighted Average Basic & Diluted Shares Outstanding	58.61M	59.71M	60.37M	61.23M	61.60M	60.10M	61.20M	64.10M	67.40M	72M

This table shows F5's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	146	166	165	144	119	138	152	89	81	72	89
Consolidated Net Income / (Loss)	146	166	165	144	119	138	152	89	81	72	89
Net Income / (Loss) Continuing Operations	146	166	165	144	119	138	152	89	81	72	89
Total Pre-Tax Income	171	209	204	172	146	174	175	106	109	96	100
Total Operating Income	159	205	191	163	140	165	172	104	106	91	108
Total Gross Profit	590	626	603	559	540	556	566	561	548	545	553
Total Revenue	731	766	747	695	681	693	707	703	703	700	700
Operating Revenue	731	766	747	695	681	693	707	703	703	700	700
Total Cost of Revenue	141	141	144	136	141	136	141	142	156	155	147
Operating Cost of Revenue	141	141	144	136	141	136	141	142	156	155	147
Total Operating Expenses	431	421	412	396	400	392	394	457	441	454	445
Selling, General & Admin Expense	77	73	71	66	67	65	62	65	67	70	70
Marketing Expense	218	206	217	206	211	199	205	207	233	233	237
Research & Development Expense	137	131	124	124	122	120	128	129	141	142	139
Restructuring Charge	0.00	11	-	0.09	0.09	8.47	-	57	0.00	8.74	-
Total Other Income / (Expense), net	12	3.96	12	8.53	5.97	9.88	3.09	2.90	2.74	4.70	-7.81
Other Income / (Expense), net	12	3.96	12	8.53	5.97	9.88	3.09	2.90	2.74	4.70	-7.81
Income Tax Expense	26	43	38	28	27	36	23	17	27	24	10
Basic Earnings per Share	$2.51	$2.85	$2.83	$2.46	$2.02	$2.34	$2.56	$1.48	$1.35	$1.20	$1.49
Weighted Average Basic Shares Outstanding	57.89M	58.31M	58.72M	58.58M	58.79M	59.12M	59.91M	59.98M	60.33M	60.10M	60.27M
Diluted Earnings per Share	$2.48	$2.82	$2.79	$2.44	$2.00	$2.32	$2.53	$1.48	$1.34	$1.20	$1.47
Weighted Average Diluted Shares Outstanding	58.76M	59.06M	59.36M	59.15M	59.58M	59.65M	60.27M	60.31M	60.69M	60.39M	61.10M
Weighted Average Basic & Diluted Shares Outstanding	57.43M	57.65M	58.61M	58.28M	58.61M	58.81M	59.71M	59.31M	60.47M	60.12M	60.37M

This table details how cash moves in and out of F5's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Change in Cash & Equivalents	276	37	184	-268	251	178	-246	162	122	117
Net Cash From Operating Activities	792	653	443	645	661	748	761	740	712	685
Net Cash From Continuing Operating Activities	792	653	443	645	661	748	761	740	712	685
Net Income / (Loss) Continuing Operations	567	395	322	331	307	428	454	421	366	365
Consolidated Net Income / (Loss)	567	395	322	331	307	428	454	421	366	365
Depreciation Expense	107	113	116	115	96	69	59	61	57	53
Non-Cash Adjustments To Reconcile Net Income	251	280	295	323	253	179	159	175	159	147
Changes in Operating Assets and Liabilities, net	-133	-134	-291	-125	4.72	73	89	83	130	120
Net Cash From Investing Activities	-59	36	218	-445	-747	-415	-456	-32	63	-11
Net Cash From Continuing Investing Activities	-59	36	218	-445	-747	-415	-456	-32	63	-11
Purchase of Property, Plant & Equipment	-30	-54	-34	-31	-60	-104	-53	-39	-63	-60
Acquisitions	-33	-35	-68	-411	-956	-612	0.00	-4.00	-4.75	-6.78
Purchase of Investments	-2.10	-1.79	-61	-472	-584	-603	-855	-447	-355	-610
Sale and/or Maturity of Investments	6.24	127	381	469	853	903	452	457	486	667
Net Cash From Financing Activities	-457	-653	-477	-468	337	-155	-551	-546	-653	-557
Net Cash From Continuing Financing Activities	-457	-653	-477	-468	337	-155	-551	-546	-653	-557
Repayment of Debt	0.00	-350	-20	-20	-13	0.00	0.00	-	-	-
Repurchase of Common Equity	-501	-350	-500	-500	-100	-201	-600	-600	-700	-607
Issuance of Common Equity	55	60	65	66	53	46	49	47	45	40
Other Financing Activities, net	-12	-13	-21	-14	-2.54	0.00	0.00	7.02	2.61	9.52
Cash Interest Paid	0.00	2.97	7.98	5.28	6.57	0.00	0.00	-	-	-
Cash Income Taxes Paid	182	192	110	99	80	101	105	163	164	189

This table details how cash moves in and out of F5's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	106	78	139	34	81	23	121	-58	129	-155	219
Net Cash From Operating Activities	257	203	247	159	222	165	190	165	141	158	154
Net Cash From Continuing Operating Activities	257	203	247	159	222	165	190	165	141	158	154
Net Income / (Loss) Continuing Operations	146	166	165	144	119	138	152	89	81	72	89
Consolidated Net Income / (Loss)	146	166	165	144	119	138	152	89	81	72	89
Depreciation Expense	22	23	23	27	28	29	30	28	27	27	27
Non-Cash Adjustments To Reconcile Net Income	59	57	64	84	48	55	61	70	76	73	70
Changes in Operating Assets and Liabilities, net	29	-44	-5.84	-96	27	-58	-53	-22	-43	-16	-32
Net Cash From Investing Activities	-21	-9.97	-5.74	-6.45	-40	-7.14	-7.57	-8.41	-9.53	62	71
Net Cash From Continuing Investing Activities	-21	-9.97	-5.74	-6.45	-40	-7.14	-7.57	-8.41	-9.53	62	71
Purchase of Property, Plant & Equipment	-11	-8.07	-6.06	-5.85	-9.46	-9.05	-15	-15	-11	-13	-8.51
Net Cash From Financing Activities	-130	-115	-102	-119	-101	-135	-61	-215	-2.51	-375	-6.26
Net Cash From Continuing Financing Activities	-130	-115	-102	-119	-101	-135	-61	-215	-2.51	-375	-6.26
Repurchase of Common Equity	-127	-125	-101	-150	-100	-150	-60	-250	-	-40	-
Issuance of Common Equity	0.18	24	0.21	32	0.68	22	0.46	37	0.28	22	0.86
Other Financing Activities, net	-2.72	-13	-1.57	-1.29	-1.84	-6.83	-1.84	-1.54	-2.79	-7.04	-2.12

This table presents F5's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Total Assets	5,613	5,248	5,276	4,997	4,678	3,390	2,605	2,476	2,306	2,312
Total Current Assets	2,109	1,849	1,912	1,611	1,793	1,512	1,418	1,406	1,289	1,188
Cash & Equivalents	1,075	797	758	581	850	599	425	673	515	390
Accounts Receivable	389	455	470	341	296	322	295	292	268	279
Inventories, net	76	36	68	22	28	34	31	30	34	34
Other Current Assets	569	555	489	338	260	183	52	68	53	51
Plant, Property, & Equipment, net	151	170	168	191	229	223	145	122	123	96
Total Noncurrent Assets	3,353	3,229	3,196	3,195	2,655	1,655	1,043	948	894	1,028
Long-Term Investments	8.58	5.07	9.54	133	103	358	411	285	276	398
Goodwill	2,312	2,289	2,259	2,217	1,859	1,065	556	556	556	556
Noncurrent Deferred & Refundable Income Taxes	366	295	183	128	45	28	33	53	2.04	6.49
Other Noncurrent Operating Assets	666	640	744	717	648	204	42	54	60	68
Total Liabilities & Shareholders' Equity	5,613	5,248	5,276	4,997	4,678	3,390	2,605	2,476	2,306	2,312
Total Liabilities	2,484	2,448	2,807	2,637	2,446	1,629	1,320	1,247	1,121	996
Total Current Liabilities	1,490	1,473	1,840	1,392	1,288	1,106	954	935	844	755
Accounts Payable	68	63	113	62	64	63	58	51	34	51
Accrued Expenses	300	283	310	341	321	236	181	187	178	130
Current Deferred Revenue	1,122	-	1,067	-	883	807	716	696	632	574
Total Noncurrent Liabilities	994	975	967	1,246	1,157	523	366	313	277	240
Noncurrent Deferred Revenue	676	649	624	521	389	391	300	268	238	209
Noncurrent Deferred & Payable Income Tax Liabilities	7.18	4.64	2.78	2.41	0.60	0.31	0.04	0.06	4.21	0.90
Other Noncurrent Operating Liabilities	311	322	340	372	398	132	66	45	34	30
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,129	2,800	2,469	2,360	2,232	1,761	1,285	1,229	1,185	1,317
Total Preferred & Common Equity	3,129	2,800	2,469	2,360	2,232	1,761	1,285	1,229	1,185	1,317
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,129	2,800	2,469	2,360	2,232	1,761	1,285	1,229	1,185	1,317
Common Stock	5.89	24	91	192	305	143	20	18	13	10
Retained Earnings	3,144	2,799	2,404	2,188	1,946	1,638	1,287	1,230	1,185	1,322
Accumulated Other Comprehensive Income / (Loss)	-21	-23	-26	-20	-19	-19	-22	-18	-13	-15

This table presents F5's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	5,907	5,901	5,613	5,414	5,385	5,349	5,248	5,119	5,223	5,086	5,276
Total Current Assets	2,336	2,342	2,109	1,986	1,952	1,962	1,849	1,714	1,825	1,715	1,912
Cash & Equivalents	1,259	1,151	1,075	935	903	823	797	677	735	606	758
Accounts Receivable	380	485	389	420	388	513	455	440	486	485	470
Inventories, net	68	73	76	79	70	36	36	46	51	59	68
Other Current Assets	629	633	569	552	590	587	555	538	534	510	489
Plant, Property, & Equipment, net	149	150	151	154	162	167	170	171	170	168	168
Total Noncurrent Assets	3,422	3,409	3,353	3,274	3,272	3,220	3,229	3,234	3,228	3,203	3,196
Long-Term Investments	13	11	8.58	7.30	6.34	6.17	5.07	5.89	4.74	7.81	9.54
Goodwill	2,320	2,312	2,312	2,312	2,312	2,289	2,289	2,289	2,289	2,259	2,259
Noncurrent Deferred & Refundable Income Taxes	407	378	366	344	325	307	295	271	235	209	183
Other Noncurrent Operating Assets	683	707	666	611	628	618	640	668	700	728	744
Total Liabilities & Shareholders' Equity	5,907	5,901	5,613	5,414	5,385	5,349	5,248	5,119	5,223	5,086	5,276
Total Liabilities	2,593	2,665	2,484	2,404	2,451	2,488	2,448	2,462	2,498	2,503	2,807
Total Current Liabilities	1,524	1,588	1,490	1,456	1,502	1,524	1,473	1,490	1,526	1,533	1,840
Accounts Payable	44	54	68	54	58	60	63	65	70	72	113
Accrued Expenses	280	316	300	260	267	279	283	274	296	331	310
Current Deferred Revenue	1,201	1,218	1,122	1,142	1,178	1,185	-	1,150	1,160	1,131	1,067
Total Noncurrent Liabilities	1,068	1,077	994	948	949	963	975	972	972	970	967
Noncurrent Deferred Revenue	722	729	676	630	634	645	649	642	636	629	624
Noncurrent Deferred & Payable Income Tax Liabilities	8.25	7.70	7.18	6.15	5.69	5.21	4.64	3.88	3.40	2.97	2.78
Other Noncurrent Operating Liabilities	338	341	311	311	309	314	322	327	332	338	340
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,314	3,236	3,129	3,011	2,933	2,861	2,800	2,658	2,726	2,582	2,469
Total Preferred & Common Equity	3,314	3,236	3,129	3,011	2,933	2,861	2,800	2,658	2,726	2,582	2,469
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,314	3,236	3,129	3,011	2,933	2,861	2,800	2,658	2,726	2,582	2,469
Common Stock	40	9.46	5.89	18	19	18	24	33	191	129	91
Retained Earnings	3,296	3,250	3,144	3,015	2,935	2,863	2,799	2,647	2,558	2,477	2,404
Accumulated Other Comprehensive Income / (Loss)	-22	-24	-21	-22	-21	-21	-23	-22	-23	-23	-26

This table displays calculated financial ratios and metrics derived from F5's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.10%	4.35%	3.55%	10.74%	4.83%	3.75%	3.41%	4.76%	3.92%	10.84%
EBITDA Growth	34.04%	19.50%	-0.27%	2.05%	-19.25%	-8.09%	4.18%	4.94%	-1.18%	12.97%
EBIT Growth	43.10%	26.10%	-0.40%	-2.39%	-26.74%	-10.38%	4.91%	4.66%	-2.04%	12.87%
NOPAT Growth	39.76%	13.78%	0.07%	10.87%	-25.77%	-7.70%	7.69%	13.21%	1.30%	16.42%
Net Income Growth	43.51%	22.59%	-2.74%	7.74%	-28.12%	-5.72%	7.83%	15.01%	0.23%	17.30%
EPS Growth	45.80%	24.29%	-1.31%	6.59%	-29.24%	-3.28%	12.62%	20.82%	6.96%	22.98%
Operating Cash Flow Growth	21.27%	47.62%	-31.40%	-2.38%	-11.63%	-1.74%	2.81%	4.04%	3.94%	24.69%
Free Cash Flow Firm Growth	52.24%	220.77%	342.07%	92.88%	-207.77%	-134.67%	5.02%	5.95%	5.84%	35.90%
Invested Capital Growth	2.73%	3.49%	14.16%	28.91%	203.56%	360.93%	-128.24%	-373.06%	-81.70%	-39.95%
Revenue Q/Q Growth	1.43%	0.25%	0.67%	2.65%	1.05%	1.25%	1.16%	0.61%	1.22%	1.91%
EBITDA Q/Q Growth	2.83%	14.85%	-5.12%	6.33%	-3.13%	-5.39%	0.80%	-1.24%	2.46%	0.16%
EBIT Q/Q Growth	4.30%	18.28%	-5.81%	7.20%	-4.94%	-7.07%	0.90%	-1.55%	2.50%	-0.06%
NOPAT Q/Q Growth	1.12%	16.33%	-4.87%	11.48%	-4.30%	-8.08%	-0.72%	5.89%	3.68%	0.92%
Net Income Q/Q Growth	2.38%	18.90%	-6.22%	11.09%	-5.29%	-8.17%	-0.63%	6.80%	3.36%	0.83%
EPS Q/Q Growth	2.80%	19.31%	-5.39%	10.79%	-5.83%	-7.69%	0.55%	8.15%	5.28%	1.82%
Operating Cash Flow Q/Q Growth	7.71%	5.74%	-8.80%	3.39%	-4.37%	0.24%	-1.14%	1.23%	3.00%	2.01%
Free Cash Flow Firm Q/Q Growth	13.77%	9.54%	-28.21%	31.74%	-4.71%	-4.68%	-2.57%	2.96%	5.77%	-2.88%
Invested Capital Q/Q Growth	-1.05%	1.57%	0.24%	-1.00%	-2.45%	-9.43%	-11.60%	-63.56%	-57.86%	-13.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.20%	78.91%	79.98%	81.06%	82.65%	84.10%	83.28%	83.09%	83.10%	82.69%
EBITDA Margin	28.50%	21.28%	18.58%	19.30%	20.94%	27.19%	30.69%	30.46%	30.41%	31.98%
Operating Margin	23.39%	16.80%	14.98%	15.13%	16.69%	23.12%	27.34%	26.98%	27.44%	28.80%
EBIT Margin	24.70%	17.28%	14.30%	14.86%	16.86%	24.13%	27.93%	27.54%	27.56%	29.24%
Profit (Net Income) Margin	20.13%	14.04%	11.95%	12.72%	13.08%	19.07%	20.99%	20.13%	18.34%	19.01%
Tax Burden Percent	81.50%	81.27%	83.59%	85.61%	77.56%	79.05%	75.14%	73.11%	66.53%	65.03%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	18.50%	18.73%	16.41%	14.39%	22.44%	20.95%	24.86%	26.89%	33.47%	34.98%
Return on Invested Capital (ROIC)	26.58%	19.61%	18.70%	22.54%	35.00%	308.48%	0.00%	0.00%	425.39%	186.40%
ROIC Less NNEP Spread (ROIC-NNEP)	23.41%	18.00%	21.22%	23.29%	34.71%	307.19%	0.00%	0.00%	425.25%	185.93%
Return on Net Nonoperating Assets (RNNOA)	-7.47%	-4.62%	-5.36%	-8.11%	-19.60%	-280.41%	0.00%	0.00%	-396.15%	-159.23%
Return on Equity (ROE)	19.12%	14.99%	13.34%	14.43%	15.40%	28.08%	36.08%	34.85%	29.25%	27.18%
Cash Return on Invested Capital (CROIC)	23.89%	16.18%	5.47%	-2.73%	-65.88%	-43.19%	0.00%	0.00%	563.50%	236.33%
Operating Return on Assets (OROA)	12.81%	9.24%	7.50%	8.00%	9.83%	18.05%	23.76%	24.07%	23.81%	24.96%
Return on Assets (ROA)	10.44%	7.51%	6.27%	6.85%	7.62%	14.27%	17.85%	17.59%	15.84%	16.23%
Return on Common Equity (ROCE)	19.12%	14.99%	13.34%	14.43%	15.40%	28.08%	36.08%	34.85%	29.25%	27.18%
Return on Equity Simple (ROE_SIMPLE)	18.11%	14.10%	13.05%	14.03%	13.77%	24.28%	35.29%	34.23%	30.87%	27.72%
Net Operating Profit after Tax (NOPAT)	537	384	338	337	304	410	444	412	364	360
NOPAT Margin	19.06%	13.65%	12.52%	12.96%	12.94%	18.28%	20.54%	19.73%	18.25%	18.73%
Net Nonoperating Expense Percent (NNEP)	3.18%	1.61%	-2.52%	-0.76%	0.28%	1.29%	0.70%	0.69%	0.14%	0.48%
Cost of Revenue to Revenue	19.80%	21.09%	20.02%	18.94%	17.35%	15.90%	16.72%	16.91%	16.90%	17.31%
SG&A Expenses to Revenue	9.55%	9.36%	10.18%	10.51%	10.99%	9.40%	7.42%	7.51%	6.94%	7.06%
R&D to Revenue	17.40%	19.21%	20.16%	19.69%	18.77%	18.20%	16.94%	16.76%	16.75%	15.45%
Operating Expenses to Revenue	56.81%	62.11%	65.00%	65.92%	65.96%	60.98%	55.94%	56.10%	55.66%	53.89%
Earnings before Interest and Taxes (EBIT)	695	486	385	387	396	541	604	576	550	561
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	802	599	501	502	492	610	663	637	607	614
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.10	3.41	3.49	5.08	3.36	4.79	9.43	6.23	6.96	6.24
Price to Tangible Book Value (P/TBV)	15.71	18.68	41.11	83.45	20.12	12.13	16.63	11.38	13.11	10.81
Price to Revenue (P/Rev)	4.56	3.40	3.20	4.61	3.19	3.77	5.61	3.67	4.14	4.28
Price to Earnings (P/E)	22.64	24.20	26.76	36.19	24.43	19.74	26.73	18.21	22.55	22.53
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.42%	4.13%	3.74%	2.76%	4.09%	5.07%	3.74%	5.49%	4.43%	4.44%
Enterprise Value to Invested Capital (EV/IC)	5.74	4.39	4.20	6.71	5.04	16.51	0.00	0.00	267.74	48.71
Enterprise Value to Revenue (EV/Rev)	4.17	3.11	3.00	4.35	2.80	3.17	4.94	3.04	3.56	3.67
Enterprise Value to EBITDA (EV/EBITDA)	14.64	14.61	16.12	22.52	13.38	11.67	16.10	9.99	11.69	11.48
Enterprise Value to EBIT (EV/EBIT)	16.90	18.00	20.96	29.24	16.61	13.14	17.69	11.05	12.90	12.56
Enterprise Value to NOPAT (EV/NOPAT)	21.89	22.78	23.93	33.54	21.65	17.36	24.05	15.42	19.48	19.61
Enterprise Value to Operating Cash Flow (EV/OCF)	14.83	13.39	18.25	17.54	9.96	9.51	14.03	8.59	9.97	10.30
Enterprise Value to Free Cash Flow (EV/FCFF)	24.36	27.61	81.76	0.00	0.00	0.00	19.89	12.44	14.70	15.47
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.14	0.16	0.17	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.15	0.17	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.32	-0.26	-0.25	-0.35	-0.56	-0.91	-1.09	-1.02	-0.93	-0.86
Leverage Ratio	1.83	2.00	2.13	2.11	2.02	1.97	2.02	1.98	1.85	1.67
Compound Leverage Factor	1.83	2.00	2.13	2.11	2.02	1.97	2.02	1.98	1.85	1.67
Debt to Total Capital	0.00%	0.00%	12.41%	13.52%	14.82%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	12.41%	0.71%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	12.82%	14.08%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	87.59%	86.48%	85.18%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.70	0.73	0.79	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	-1.09	-1.34	-1.88	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.70	0.75	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	1.04	1.09	1.28	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	-1.61	-2.00	-3.04	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	1.04	1.21	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	4.93	4.02	3.25	4.17	3.34	5.12	8.01	6.22	7.02	7.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.42	1.26	1.04	1.16	1.39	1.37	1.49	1.50	1.53	1.57
Quick Ratio	0.98	0.85	0.74	0.90	1.17	1.17	1.40	1.40	1.36	1.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	482	317	99	-41	-573	-186	537	511	482	456
Operating Cash Flow to CapEx	2,605.61%	1,205.91%	1,316.41%	2,104.98%	1,102.60%	722.26%	1,450.62%	1,913.81%	1,120.74%	1,135.09%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.53	0.52	0.54	0.58	0.75	0.85	0.87	0.86	0.85
Accounts Receivable Turnover	6.67	6.08	6.65	8.18	7.61	7.26	7.36	7.46	7.29	7.36
Inventory Turnover	9.94	11.38	11.94	19.74	13.09	10.98	11.97	11.07	9.95	11.42
Fixed Asset Turnover	17.53	16.62	15.00	12.39	10.39	12.17	16.16	17.02	18.21	23.60
Accounts Payable Turnover	8.50	6.72	6.16	7.79	6.42	5.92	6.66	8.33	7.94	7.03
Days Sales Outstanding (DSO)	54.69	60.00	54.87	44.63	47.99	50.25	49.59	48.91	50.09	49.59
Days Inventory Outstanding (DIO)	36.74	32.06	30.58	18.49	27.87	33.25	30.50	32.98	36.68	31.96
Days Payable Outstanding (DPO)	42.94	54.29	59.28	46.84	56.87	61.61	54.79	43.82	45.97	51.95
Cash Conversion Cycle (CCC)	48.48	37.77	26.17	16.28	19.00	21.88	25.30	38.07	40.80	29.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,046	1,992	1,925	1,686	1,308	431	-165	-72	26	145
Invested Capital Turnover	1.39	1.44	1.49	1.74	2.70	16.88	-18.21	-91.18	23.30	9.95
Increase / (Decrease) in Invested Capital	54	67	239	378	877	596	-93	-99	-118	-96
Enterprise Value (EV)	11,751	8,748	8,076	11,315	6,586	7,113	10,678	6,359	7,093	7,050
Market Capitalization	12,834	9,557	8,620	11,989	7,510	8,443	12,128	7,661	8,252	8,222
Book Value per Share	$53.69	$47.22	$41.45	$39.13	$36.49	$29.29	$21.14	$19.35	$17.90	$18.54
Tangible Book Value per Share	$14.02	$8.63	$3.52	$2.38	$6.10	$11.58	$12.00	$10.60	$9.51	$10.71
Total Capital	3,129	2,800	2,819	2,729	2,621	1,761	1,285	1,229	1,185	1,317
Total Debt	0.00	0.00	350	369	388	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	350	369	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,083	-808	-544	-674	-925	-1,331	-1,451	-1,302	-1,159	-1,172
Capital Expenditures (CapEx)	30	54	34	31	60	104	52	39	63	60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-455	-427	-463	-672	-685	-566	-576	-545	-438	-341
Debt-free Net Working Capital (DFNWC)	620	376	422	239	524	406	463	472	445	433
Net Working Capital (NWC)	620	376	72	220	505	406	463	472	445	433
Net Nonoperating Expense (NNE)	-30	-11	15	6.07	-3.20	-18	-9.66	-8.45	-1.67	-5.49
Net Nonoperating Obligations (NNO)	-1,083	-808	-544	-674	-925	-1,331	-1,451	-1,302	-1,159	-1,172
Total Depreciation and Amortization (D&A)	107	113	116	115	96	69	59	61	57	53
Debt-free, Cash-free Net Working Capital to Revenue	-16.15%	-15.19%	-17.16%	-25.80%	-29.16%	-25.25%	-26.66%	-26.09%	-21.95%	-17.78%
Debt-free Net Working Capital to Revenue	22.01%	13.37%	15.66%	9.17%	22.31%	18.11%	21.43%	22.57%	22.28%	22.56%
Net Working Capital to Revenue	22.01%	13.37%	2.68%	8.43%	21.49%	18.11%	21.43%	22.57%	22.28%	22.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$9.65	$6.59	$5.34	$5.46	$0.00	$7.12	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	58.72M	59.91M	60.27M	60.71M	0.00	60.04M	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$9.55	$6.55	$5.27	$5.34	$0.00	$7.08	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	59.36M	60.27M	61.10M	62.06M	0.00	60.46M	0.00	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$7.12	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	58.61M	59.71M	60.37M	61.23M	0.00	60.79M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	544	437	344	337	310	410	458	422	370	360
Normalized NOPAT Margin	19.31%	15.54%	12.77%	12.96%	13.20%	18.28%	21.18%	20.19%	18.56%	18.73%
Pre Tax Income Margin	24.70%	17.28%	14.30%	14.86%	16.86%	24.13%	27.93%	27.54%	27.56%	29.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	88.32%	88.63%	155.21%	150.95%	32.53%	47.00%	132.27%	142.62%	191.37%	166.26%

This table displays calculated financial ratios and metrics derived from F5's official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.30%	10.67%	5.62%	-1.02%	-3.10%	-1.11%	0.99%	4.17%	10.87%	1.93%	2.64%
EBITDA Growth	11.34%	13.77%	10.81%	47.16%	27.79%	65.06%	61.00%	3.83%	33.13%	-13.10%	-17.55%
EBIT Growth	17.31%	19.87%	16.41%	61.20%	34.15%	81.83%	75.32%	5.16%	49.61%	-14.15%	-19.26%
NOPAT Growth	18.33%	25.09%	3.82%	58.19%	43.79%	89.59%	55.12%	-1.78%	37.51%	-27.97%	-14.95%
Net Income Growth	22.27%	20.28%	8.65%	61.93%	46.15%	91.13%	70.28%	7.18%	44.81%	-22.61%	-19.30%
EPS Growth	24.00%	21.55%	10.28%	64.86%	49.25%	93.33%	72.11%	8.03%	45.65%	-20.53%	-16.95%
Operating Cash Flow Growth	15.77%	22.66%	29.88%	-3.69%	57.28%	4.88%	22.96%	131.16%	11.39%	74.44%	-21.67%
Free Cash Flow Firm Growth	106.63%	624.07%	22.55%	-34.09%	208.88%	233.30%	157.75%	135.37%	1.74%	97.04%	46.22%
Invested Capital Growth	0.93%	2.20%	2.73%	5.45%	2.94%	5.96%	3.49%	2.13%	7.15%	4.43%	14.16%
Revenue Q/Q Growth	-4.61%	2.65%	7.36%	2.08%	-1.62%	-2.03%	0.62%	-0.08%	0.40%	0.05%	3.79%
EBITDA Q/Q Growth	-16.42%	2.33%	14.14%	14.05%	-14.59%	-0.34%	51.58%	-0.96%	10.33%	-2.79%	-2.25%
EBIT Q/Q Growth	-18.10%	2.72%	18.58%	17.60%	-16.32%	-0.24%	64.21%	-2.13%	13.42%	-3.81%	-1.51%
NOPAT Q/Q Growth	-17.28%	5.25%	13.32%	19.95%	-12.56%	-12.65%	72.66%	9.03%	15.30%	-28.54%	9.34%
Net Income Q/Q Growth	-12.57%	0.70%	14.73%	21.05%	-13.99%	-9.04%	70.98%	9.26%	12.48%	-18.96%	7.62%
EPS Q/Q Growth	-12.06%	1.08%	14.34%	22.00%	-13.79%	-8.30%	70.95%	10.45%	11.67%	-18.37%	7.30%
Operating Cash Flow Q/Q Growth	26.54%	-17.74%	55.07%	-28.28%	34.07%	-12.90%	14.99%	17.12%	-10.60%	2.12%	116.18%
Free Cash Flow Firm Q/Q Growth	-1.93%	17.63%	234.86%	-46.51%	243.66%	-80.09%	80.09%	188.35%	-320.74%	91.37%	-10.31%
Invested Capital Q/Q Growth	-1.52%	1.34%	-1.05%	2.19%	-0.27%	1.86%	1.57%	-0.23%	2.65%	-0.51%	0.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.72%	81.67%	80.75%	80.38%	79.29%	80.31%	80.06%	79.84%	77.86%	77.87%	78.94%
EBITDA Margin	26.49%	30.23%	30.33%	28.53%	25.53%	29.41%	28.91%	19.19%	19.36%	17.62%	18.13%
Operating Margin	21.73%	26.76%	25.58%	23.45%	20.54%	23.75%	24.29%	14.74%	15.08%	13.02%	15.36%
EBIT Margin	23.42%	27.27%	27.26%	24.68%	21.42%	25.18%	24.73%	15.15%	15.47%	13.69%	14.24%
Profit (Net Income) Margin	19.91%	21.72%	22.14%	20.72%	17.47%	19.98%	21.52%	12.66%	11.58%	10.34%	12.76%
Tax Burden Percent	85.01%	79.62%	81.22%	83.95%	81.56%	79.35%	87.02%	83.57%	74.86%	75.49%	89.60%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	14.99%	20.38%	18.78%	16.05%	18.44%	20.65%	12.98%	16.43%	25.14%	24.51%	10.40%
Return on Invested Capital (ROIC)	26.72%	30.01%	28.98%	27.13%	23.38%	26.82%	30.37%	17.81%	16.51%	14.21%	20.55%
ROIC Less NNEP Spread (ROIC-NNEP)	25.76%	29.70%	27.91%	26.26%	22.80%	25.77%	29.97%	17.37%	16.20%	13.64%	21.70%
Return on Net Nonoperating Assets (RNNOA)	-9.00%	-9.71%	-8.90%	-7.60%	-6.73%	-7.10%	-7.69%	-3.83%	-4.18%	-3.39%	-5.48%
Return on Equity (ROE)	17.72%	20.30%	20.08%	19.54%	16.65%	19.72%	22.67%	13.98%	12.33%	10.82%	15.08%
Cash Return on Invested Capital (CROIC)	28.13%	25.59%	23.89%	21.05%	21.19%	16.82%	16.18%	14.90%	10.55%	12.22%	5.47%
Operating Return on Assets (OROA)	12.19%	14.01%	14.13%	13.01%	11.24%	13.54%	13.22%	8.39%	8.34%	7.29%	7.48%
Return on Assets (ROA)	10.36%	11.16%	11.48%	10.92%	9.17%	10.74%	11.50%	7.01%	6.25%	5.51%	6.70%
Return on Common Equity (ROCE)	17.72%	20.30%	20.08%	19.54%	16.65%	19.72%	22.67%	13.98%	12.33%	10.82%	15.08%
Return on Equity Simple (ROE_SIMPLE)	18.75%	18.38%	0.00%	18.39%	17.00%	16.11%	0.00%	12.50%	11.97%	11.66%	0.00%
Net Operating Profit after Tax (NOPAT)	135	163	155	137	114	131	149	87	79	69	96
NOPAT Margin	18.47%	21.30%	20.78%	19.69%	16.75%	18.85%	21.14%	12.32%	11.29%	9.83%	13.76%
Net Nonoperating Expense Percent (NNEP)	0.96%	0.32%	1.07%	0.87%	0.58%	1.05%	0.40%	0.44%	0.31%	0.57%	-1.15%
Return On Investment Capital (ROIC_SIMPLE)	4.08%	5.05%	-	-	-	4.56%	-	-	-	-	-
Cost of Revenue to Revenue	19.28%	18.33%	19.25%	19.62%	20.71%	19.69%	19.94%	20.16%	22.14%	22.13%	21.07%
SG&A Expenses to Revenue	10.48%	9.53%	9.51%	9.48%	9.86%	9.34%	8.71%	9.22%	9.53%	9.99%	9.93%
R&D to Revenue	18.68%	17.03%	16.60%	17.88%	17.94%	17.26%	18.08%	18.33%	20.10%	20.32%	19.79%
Operating Expenses to Revenue	58.99%	54.91%	55.17%	56.94%	58.75%	56.55%	55.77%	65.10%	62.78%	64.84%	63.57%
Earnings before Interest and Taxes (EBIT)	171	209	204	172	146	174	175	106	109	96	100
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	194	232	226	198	174	204	204	135	136	123	127
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.63	4.56	4.10	3.35	3.80	3.71	3.41	3.33	3.21	3.35	3.49
Price to Tangible Book Value (P/TBV)	15.44	15.96	15.71	14.45	17.96	18.55	18.68	23.98	20.05	26.82	41.11
Price to Revenue (P/Rev)	5.22	5.10	4.56	3.64	4.01	3.78	3.40	3.15	3.15	3.20	3.20
Price to Earnings (P/E)	24.71	24.78	22.64	18.23	22.36	23.03	24.20	26.63	26.85	28.78	26.76
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.05%	4.04%	4.42%	5.48%	4.47%	4.34%	4.13%	3.76%	3.72%	3.47%	3.74%
Enterprise Value to Invested Capital (EV/IC)	6.89	6.55	5.74	4.43	5.06	4.82	4.39	4.15	4.07	4.18	4.20
Enterprise Value to Revenue (EV/Rev)	4.79	4.70	4.17	3.30	3.68	3.49	3.11	2.90	2.88	2.95	3.00
Enterprise Value to EBITDA (EV/EBITDA)	16.56	16.35	14.64	11.73	14.28	14.41	14.61	15.63	15.49	16.58	16.12
Enterprise Value to EBIT (EV/EBIT)	18.64	18.60	16.90	13.73	17.02	17.33	18.00	19.83	19.72	21.63	20.96
Enterprise Value to NOPAT (EV/NOPAT)	23.84	23.84	21.89	17.24	21.31	21.95	22.78	24.68	24.13	25.78	23.93
Enterprise Value to Operating Cash Flow (EV/OCF)	16.28	16.36	14.83	12.44	13.80	14.80	13.39	13.18	15.26	15.68	18.25
Enterprise Value to Free Cash Flow (EV/FCFF)	24.62	25.87	24.36	21.58	24.23	29.50	27.61	28.17	39.91	34.91	81.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.14
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.35	-0.33	-0.32	-0.29	-0.30	-0.28	-0.26	-0.22	-0.26	-0.25	-0.25
Leverage Ratio	1.81	1.85	1.83	1.86	1.87	1.92	2.00	2.04	2.01	2.04	2.13
Compound Leverage Factor	1.81	1.85	1.83	1.86	1.87	1.92	2.00	2.04	2.01	2.04	2.13
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.41%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.41%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	87.59%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.70
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.09
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.04
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.61
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.09	4.85	4.64	4.03	4.20	4.04	3.82	3.55	3.46	3.40	3.07
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.53	1.48	1.42	1.36	1.30	1.29	1.26	1.15	1.20	1.12	1.04
Quick Ratio	1.08	1.03	0.98	0.93	0.86	0.88	0.85	0.76	0.81	0.75	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	116	119	101	30	56	16	82	46	-52	-12	-142
Operating Cash Flow to CapEx	2,443.08%	2,511.85%	4,067.74%	2,717.71%	2,344.12%	1,827.12%	1,233.92%	1,099.70%	1,318.39%	1,202.92%	1,814.45%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.51	0.52	0.53	0.52	0.54	0.53	0.55	0.54	0.53	0.52
Accounts Receivable Turnover	7.66	5.79	6.67	6.46	6.37	5.62	6.08	6.27	6.17	5.99	6.65
Inventory Turnover	8.16	10.30	9.94	8.90	9.30	12.09	11.38	13.35	14.98	13.99	11.94
Fixed Asset Turnover	18.95	18.23	17.53	17.07	16.80	16.76	16.62	16.35	15.94	15.35	15.00
Accounts Payable Turnover	11.09	9.88	8.50	9.32	8.78	8.72	6.72	8.64	8.47	8.61	6.16
Days Sales Outstanding (DSO)	47.67	63.03	54.69	56.50	57.30	64.95	60.00	58.22	59.11	60.94	54.87
Days Inventory Outstanding (DIO)	44.73	35.44	36.74	40.99	39.26	30.18	32.06	27.35	24.37	26.09	30.58
Days Payable Outstanding (DPO)	32.92	36.94	42.94	39.18	41.59	41.87	54.29	42.27	43.11	42.40	59.28
Cash Conversion Cycle (CCC)	59.48	61.53	48.48	58.31	54.97	53.26	37.77	43.31	40.38	44.62	26.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,042	2,074	2,046	2,068	2,023	2,029	1,992	1,961	1,966	1,915	1,925
Invested Capital Turnover	1.45	1.41	1.39	1.38	1.40	1.42	1.44	1.45	1.46	1.45	1.49
Increase / (Decrease) in Invested Capital	19	45	54	107	58	114	67	41	131	81	239
Enterprise Value (EV)	14,079	13,578	11,751	9,152	10,239	9,783	8,748	8,148	7,999	7,996	8,076
Market Capitalization	15,351	14,740	12,834	10,095	11,149	10,615	9,557	8,844	8,759	8,663	8,620
Book Value per Share	$57.48	$55.20	$53.69	$51.37	$49.88	$48.39	$47.22	$43.95	$45.33	$42.78	$41.45
Tangible Book Value per Share	$17.24	$15.75	$14.02	$11.92	$10.56	$9.68	$8.63	$6.10	$7.27	$5.35	$3.52
Total Capital	3,314	3,236	3,129	3,011	2,933	2,861	2,800	2,658	2,726	2,582	2,819
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	350
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,272	-1,162	-1,083	-943	-910	-832	-808	-696	-760	-668	-544
Capital Expenditures (CapEx)	11	8.07	6.06	5.85	9.46	9.05	15	15	11	13	8.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-447	-397	-455	-405	-454	-389	-427	-466	-456	-479	-463
Debt-free Net Working Capital (DFNWC)	812	754	620	531	449	437	376	224	300	181	422
Net Working Capital (NWC)	812	754	620	531	449	437	376	224	300	181	72
Net Nonoperating Expense (NNE)	-10	-3.15	-10	-7.16	-4.87	-7.84	-2.68	-2.42	-2.05	-3.55	7.00
Net Nonoperating Obligations (NNO)	-1,272	-1,162	-1,083	-943	-910	-832	-808	-696	-760	-668	-544
Total Depreciation and Amortization (D&A)	22	23	23	27	28	29	30	28	27	27	27
Debt-free, Cash-free Net Working Capital to Revenue	-15.21%	-13.72%	-16.15%	-14.59%	-16.32%	-13.85%	-15.19%	-16.62%	-16.40%	-17.67%	-17.16%
Debt-free Net Working Capital to Revenue	27.62%	26.10%	22.01%	19.11%	16.13%	15.59%	13.37%	7.99%	10.78%	6.68%	15.66%
Net Working Capital to Revenue	27.62%	26.10%	22.01%	19.11%	16.13%	15.59%	13.37%	7.99%	10.78%	6.68%	2.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.51	$2.85	$2.83	$2.46	$2.02	$2.34	$2.56	$1.48	$1.35	$1.20	$1.49
Adjusted Weighted Average Basic Shares Outstanding	57.89M	58.31M	58.72M	58.58M	58.79M	59.12M	59.91M	59.98M	60.33M	60.10M	60.27M
Adjusted Diluted Earnings per Share	$2.48	$2.82	$2.79	$2.44	$2.00	$2.32	$2.53	$1.48	$1.34	$1.20	$1.47
Adjusted Weighted Average Diluted Shares Outstanding	58.76M	59.06M	59.36M	59.15M	59.58M	59.65M	60.27M	60.31M	60.69M	60.39M	61.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	57.43M	57.65M	58.61M	58.28M	58.61M	58.81M	59.71M	59.31M	60.47M	60.12M	60.37M
Normalized Net Operating Profit after Tax (NOPAT)	135	172	155	137	114	137	149	134	79	75	96
Normalized NOPAT Margin	18.47%	22.48%	20.78%	19.70%	16.76%	19.82%	21.14%	19.06%	11.29%	10.77%	13.76%
Pre Tax Income Margin	23.42%	27.27%	27.26%	24.68%	21.42%	25.18%	24.73%	15.15%	15.47%	13.69%	14.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	80.89%	79.95%	88.32%	83.10%	112.35%	99.81%	88.63%	87.32%	88.90%	137.88%	155.21%

Frequently Asked Questions About F5's Financials

When does F5's fiscal year end?

According to the most recent income statement we have on file, F5's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has F5's net income changed over the last 9 years?

The last 5 years of F5's net income performance:

2020: $307.44 million
2021: $331.24 million
2022: $322.16 million
2023: $394.95 million
2024: $566.78 million

Find out what analysts predict for F5 in the coming months.

What is F5's operating income?

F5's total operating income in 2024 was $658.59 million, based on the following breakdown:

Total Gross Profit: $2.26 billion
Total Operating Expenses: $1.60 billion

How has F5 revenue changed over the last 9 years?

Over the last 9 years, F5's total revenue changed from $1.92 billion in 2015 to $2.82 billion in 2024, a change of 46.7%.

How much debt does F5 have?

F5's total liabilities were at $2.48 billion at the end of 2024, a 1.5% increase from 2023, and a 149.5% increase since 2015.

How much cash does F5 have?

In the past 9 years, F5's cash and equivalents has ranged from $390.46 million in 2015 to $1.07 billion in 2024, and is currently $1.07 billion as of their latest financial filing in 2024.

How has F5's book value per share changed over the last 9 years?

Over the last 9 years, F5's book value per share changed from 18.54 in 2015 to 53.69 in 2024, a change of 189.5%.

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This page (NASDAQ:FFIV) was last updated on 5/28/2025 by MarketBeat.com Staff

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F5 (FFIV) Financials

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F5 (FFIV) Financials

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