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F5 (FFIV) Financials

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$414.23 +2.74 (+0.67%)
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Annual Income Statements for F5

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 365 366 421 454 428 307 331 322 395 567 692
Consolidated Net Income / (Loss)		 365 366 421 454 428 307 331 322 395 567 692
Net Income / (Loss) Continuing Operations		 365 366 421 454 428 307 331 322 395 567 692
Total Pre-Tax Income 		561 550 576 604 541 396 387 385 486 695 808
Total Operating Income		 553 547 564 591 518 392 394 404 473 659 766
Total Gross Profit		 1,588 1,658 1,737 1,800 1,886 1,943 2,110 2,156 2,220 2,258 2,514
Total Revenue		 1,920 1,995 2,090 2,161 2,242 2,351 2,603 2,696 2,813 2,816 3,088
Operating Revenue		 1,920 1,995 2,090 2,161 2,242 2,351 2,603 2,696 2,813 2,816 3,088
Total Cost of Revenue		 332 337 353 361 357 408 493 540 593 558 574
Operating Cost of Revenue		 332 337 353 361 357 408 493 540 593 558 574
Total Operating Expenses		 1,035 1,110 1,173 1,209 1,367 1,551 1,716 1,752 1,747 1,600 1,748
Selling, General & Admin Expense		 136 138 157 160 211 258 274 275 263 269 322
Marketing Expense		 603 629 652 664 749 843 930 927 878 832 861
Research & Development Expense		 297 334 350 366 408 441 513 543 540 490 540
Restructuring Charge		 0.00 0.00 13 18 0.00 7.80 0.00 7.91 65 8.66 25
Total Other Income / (Expense), net		 8.45 2.51 12 13 23 4.13 -7.09 -18 13 37 42
Other Income / (Expense), net		 8.45 2.51 12 13 23 4.13 -7.09 -18 13 37 42
Income Tax Expense		 196 184 155 150 113 89 56 63 91 129 116
Basic Earnings per Share		 $5.07 $5.43 $6.56 $7.41 $7.12 $5.05 $5.46 $5.34 $6.59 $9.65 $11.96
Weighted Average Basic Shares Outstanding		 71.94M 67.43M 64.17M 61.26M 60.04M 60.91M 60.71M 60.27M 59.91M 58.72M 57.90M
Diluted Earnings per Share		 $5.03 $5.38 $6.50 $7.32 $7.08 $5.01 $5.34 $5.27 $6.55 $9.55 $11.80
Weighted Average Diluted Shares Outstanding		 72.55M 67.98M 64.78M 62.01M 60.46M 61.38M 62.06M 61.10M 60.27M 59.36M 58.68M
Weighted Average Basic & Diluted Shares Outstanding		 72M 67.40M 64.10M 61.20M 60.10M 61.60M 61.23M 60.37M 59.71M 58.61M 58.09M

Quarterly Income Statements for F5

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 138 119 144 165 166 146 190 190 180 148 208
Consolidated Net Income / (Loss)		 138 119 144 165 166 146 190 190 180 148 208
Net Income / (Loss) Continuing Operations		 138 119 144 165 166 146 190 190 180 148 208
Total Pre-Tax Income 		174 146 172 204 209 171 213 215 223 189 226
Total Operating Income		 165 140 163 191 205 159 196 206 214 179 213
Total Gross Profit		 556 540 559 603 626 590 632 666 671 661 712
Total Revenue		 693 681 695 747 766 731 780 810 822 812 865
Operating Revenue		 693 681 695 747 766 731 780 810 822 812 865
Total Cost of Revenue		 136 141 136 144 141 141 149 144 152 151 154
Operating Cost of Revenue		 136 141 136 144 141 141 149 144 152 151 154
Total Operating Expenses		 392 400 396 412 421 431 435 461 456 482 498
Selling, General & Admin Expense		 65 67 66 71 73 77 79 94 91 92 96
Marketing Expense		 199 211 206 217 206 218 220 216 225 239 238
Research & Development Expense		 120 122 124 124 131 137 136 136 141 151 165
Restructuring Charge		 8.47 0.09 0.09 - 11 0.00 0.00 14 -0.04 -0.32 -0.03
Total Other Income / (Expense), net		 9.88 5.97 8.53 12 3.96 12 17 9.42 8.74 10 13
Other Income / (Expense), net		 9.88 5.97 8.53 12 3.96 12 17 9.42 8.74 10 13
Income Tax Expense		 36 27 28 38 43 26 23 25 43 41 18
Basic Earnings per Share		 $2.34 $2.02 $2.46 $2.83 $2.85 $2.51 $3.29 $3.31 $3.12 $2.61 $3.67
Weighted Average Basic Shares Outstanding		 59.12M 58.79M 58.58M 58.72M 58.31M 57.89M 57.77M 57.90M 57.65M 56.71M 56.73M
Diluted Earnings per Share		 $2.32 $2.00 $2.44 $2.79 $2.82 $2.48 $3.25 $3.25 $3.10 $2.58 $3.62
Weighted Average Diluted Shares Outstanding		 59.65M 59.58M 59.15M 59.36M 59.06M 58.76M 58.49M 58.68M 58.16M 57.30M 57.55M
Weighted Average Basic & Diluted Shares Outstanding		 58.81M 58.61M 58.28M 58.61M 57.65M 57.43M 57.45M 58.09M 56.52M 56.42M 56.63M

Annual Cash Flow Statements for F5

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Change in Cash & Equivalents		 117 122 162 -246 178 251 -268 184 37 276 265
Net Cash From Operating Activities		 685 712 740 761 748 661 645 443 653 792 950
Net Cash From Continuing Operating Activities		 685 712 740 761 748 661 645 443 653 792 950
Net Income / (Loss) Continuing Operations		 365 366 421 454 428 307 331 322 395 567 692
Consolidated Net Income / (Loss)		 365 366 421 454 428 307 331 322 395 567 692
Depreciation Expense		 53 57 61 59 69 96 115 116 113 107 92
Non-Cash Adjustments To Reconcile Net Income		 147 159 175 159 179 253 323 295 235 251 269
Changes in Operating Assets and Liabilities, net		 120 130 83 89 73 4.72 -125 -291 -89 -133 -104
Net Cash From Investing Activities		 -11 63 -32 -456 -415 -747 -445 218 36 -59 -219
Net Cash From Continuing Investing Activities		 -11 63 -32 -456 -415 -747 -445 218 36 -59 -219
Purchase of Property, Plant & Equipment		 -60 -63 -39 -53 -104 -60 -31 -34 -54 -30 -43
Acquisitions		 -6.78 -4.75 -4.00 0.00 -612 -956 -411 -68 -35 -33 -171
Purchase of Investments		 -610 -355 -447 -855 -603 -584 -472 -61 -1.79 -2.10 -5.72
Sale and/or Maturity of Investments		 667 486 457 452 903 853 469 381 127 6.24 0.55
Net Cash From Financing Activities		 -557 -653 -546 -551 -155 337 -468 -477 -653 -457 -465
Net Cash From Continuing Financing Activities		 -557 -653 -546 -551 -155 337 -468 -477 -653 -457 -465
Repayment of Debt		 - - - 0.00 0.00 -13 -20 -20 -350 0.00 0.00
Repurchase of Common Equity		 -607 -700 -600 -600 -201 -100 -500 -500 -350 -501 -502
Issuance of Common Equity		 40 45 47 49 46 53 66 65 60 55 59
Other Financing Activities, net		 9.52 2.61 7.02 0.00 0.00 -2.54 -14 -21 -13 -12 -22
Cash Interest Paid		 - - - 0.00 0.00 6.57 5.28 7.98 2.97 0.00 0.00
Cash Income Taxes Paid		 189 164 163 105 101 80 99 110 192 182 206

Quarterly Cash Flow Statements for F5

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 23 81 34 139 78 106 164 -83 -144 244 163
Net Cash From Operating Activities		 165 222 159 247 203 257 282 208 159 366 316
Net Cash From Continuing Operating Activities		 165 222 159 247 203 257 285 205 159 366 316
Net Income / (Loss) Continuing Operations		 138 119 144 165 166 146 190 190 180 148 208
Consolidated Net Income / (Loss)		 138 119 144 165 166 146 190 190 180 148 208
Depreciation Expense		 29 28 27 23 23 22 22 25 25 25 23
Non-Cash Adjustments To Reconcile Net Income		 55 48 84 64 57 59 61 91 58 81 48
Changes in Operating Assets and Liabilities, net		 -58 27 -96 -5.84 -44 29 12 -101 -104 113 37
Net Cash From Investing Activities		 -7.14 -40 -6.45 -5.74 -9.97 -21 -25 -164 -11 -19 -85
Net Cash From Continuing Investing Activities		 -7.14 -40 -6.45 -5.74 -9.97 -21 -25 -164 -11 -19 -85
Purchase of Property, Plant & Equipment		 -9.05 -9.46 -5.85 -6.06 -8.07 -11 -8.54 -16 -9.72 -18 -36
Acquisitions		 - - - - - - -14 -147 - - -48
Purchase of Investments		 -1.00 - -0.60 -0.50 -1.90 - -2.50 -1.32 -2.18 -0.73 -1.94
Sale and/or Maturity of Investments		 2.91 2.51 - 0.82 0.00 - - 0.55 1.34 0.40 0.23
Net Cash From Financing Activities		 -135 -101 -119 -102 -115 -130 -93 -127 -293 -103 -68
Net Cash From Continuing Financing Activities		 -135 -101 -119 -102 -115 -130 -93 -127 -293 -103 -68
Repurchase of Common Equity		 -150 -100 -150 -101 -125 -127 -125 -125 -301 -100 -100
Issuance of Common Equity		 22 0.68 32 0.21 24 0.18 35 0.13 23 0.10 37
Other Financing Activities, net		 -6.83 -1.84 -1.29 -1.57 -13 -2.72 -3.52 -2.28 -15 -3.35 -4.55

Annual Balance Sheets for F5

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Total Assets		 2,312 2,306 2,476 2,605 3,390 4,678 4,997 5,276 5,248 5,613 6,319
Total Current Assets		 1,188 1,289 1,406 1,418 1,512 1,793 1,611 1,912 1,849 2,109 2,519
Cash & Equivalents		 390 515 673 425 599 850 581 758 797 1,075 1,344
Accounts Receivable		 279 268 292 295 322 296 341 470 455 389 414
Inventories, net		 34 34 30 31 34 28 22 68 36 76 77
Other Current Assets		 51 53 68 52 183 260 338 489 555 569 683
Plant, Property, & Equipment, net		 96 123 122 145 223 229 191 168 170 151 157
Total Noncurrent Assets		 1,028 894 948 1,043 1,655 2,655 3,195 3,196 3,229 3,353 3,644
Long-Term Investments		 398 276 285 411 358 103 133 9.54 5.07 8.58 16
Goodwill		 556 556 556 556 1,065 1,859 2,217 2,259 2,289 2,312 2,444
Noncurrent Deferred & Refundable Income Taxes		 6.49 2.04 53 33 28 45 128 183 295 366 446
Other Noncurrent Operating Assets		 68 60 54 42 204 648 717 744 640 666 738
Total Liabilities & Shareholders' Equity		 2,312 2,306 2,476 2,605 3,390 4,678 4,997 5,276 5,248 5,613 6,319
Total Liabilities		 996 1,121 1,247 1,320 1,629 2,446 2,637 2,807 2,448 2,484 2,727
Total Current Liabilities		 755 844 935 954 1,106 1,288 1,392 1,840 1,473 1,490 1,613
Accounts Payable		 51 34 51 58 63 64 62 113 63 68 84
Accrued Expenses		 130 178 187 181 236 321 341 310 283 300 315
Current Deferred Revenue		 574 632 696 716 807 883 - 1,067 - 1,122 1,213
Total Noncurrent Liabilities		 240 277 313 366 523 1,157 1,246 967 975 994 1,115
Noncurrent Deferred Revenue		 209 238 268 300 391 389 521 624 649 676 786
Noncurrent Deferred & Payable Income Tax Liabilities		 0.90 4.21 0.06 0.04 0.31 0.60 2.41 2.78 4.64 7.18 1.92
Other Noncurrent Operating Liabilities		 30 34 45 66 132 398 372 340 322 311 327
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		 1,317 1,185 1,229 1,285 1,761 2,232 2,360 2,469 2,800 3,129 3,592
Total Preferred & Common Equity		 1,317 1,185 1,229 1,285 1,761 2,232 2,360 2,469 2,800 3,129 3,592
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		 1,317 1,185 1,229 1,285 1,761 2,232 2,360 2,469 2,800 3,129 3,592
Common Stock		 10 13 18 20 143 305 192 91 24 5.89 42
Retained Earnings		 1,322 1,185 1,230 1,287 1,638 1,946 2,188 2,404 2,799 3,144 3,568
Accumulated Other Comprehensive Income / (Loss)		 -15 -13 -18 -22 -19 -19 -20 -26 -23 -21 -18

Quarterly Balance Sheets for F5

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026 6/30/2026
Total Assets		 5,248 5,349 5,385 5,414 5,613 5,901 5,907 6,113 6,292 6,497 6,829
Total Current Assets		 1,849 1,962 1,952 1,986 2,109 2,342 2,336 2,485 2,515 2,703 2,947
Cash & Equivalents		 797 823 903 935 1,075 1,151 1,259 1,427 1,200 1,443 1,606
Accounts Receivable		 455 513 388 420 389 485 380 360 494 426 429
Inventories, net		 36 36 70 79 76 73 68 67 80 90 127
Other Current Assets		 555 587 590 552 569 633 629 631 742 744 786
Plant, Property, & Equipment, net		 170 167 162 154 151 150 149 152 157 175 197
Total Noncurrent Assets		 3,229 3,220 3,272 3,274 3,353 3,409 3,422 3,476 3,619 3,620 3,685
Long-Term Investments		 5.07 6.17 6.34 7.30 8.58 11 13 15 18 21 22
Goodwill		 2,289 2,289 2,312 2,312 2,312 2,312 2,320 2,324 2,444 2,444 2,482
Noncurrent Deferred & Refundable Income Taxes		 295 307 325 344 366 378 407 431 456 467 487
Other Noncurrent Operating Assets		 640 618 628 611 666 707 683 706 701 688 693
Total Liabilities & Shareholders' Equity		 5,248 5,349 5,385 5,414 5,613 5,901 5,907 6,113 6,292 6,497 6,829
Total Liabilities		 2,448 2,488 2,451 2,404 2,484 2,665 2,593 2,642 2,753 2,848 2,973
Total Current Liabilities		 1,473 1,524 1,502 1,456 1,490 1,588 1,524 1,551 1,619 1,677 1,770
Accounts Payable		 63 60 58 54 68 54 44 69 61 80 136
Accrued Expenses		 283 279 267 260 300 316 280 281 305 329 344
Current Deferred Revenue		 - 1,185 1,178 1,142 1,122 1,218 1,201 1,201 1,253 1,269 1,290
Total Noncurrent Liabilities		 975 963 949 948 994 1,077 1,068 1,091 1,135 1,171 1,203
Noncurrent Deferred Revenue		 649 645 634 630 676 729 722 756 809 850 903
Noncurrent Deferred & Payable Income Tax Liabilities		 4.64 5.21 5.69 6.15 7.18 7.70 8.25 8.71 1.91 1.93 1.95
Other Noncurrent Operating Liabilities		 322 314 309 311 311 341 338 326 324 319 298
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		 2,800 2,861 2,933 3,011 3,129 3,236 3,314 3,472 3,538 3,650 3,856
Total Preferred & Common Equity		 2,800 2,861 2,933 3,011 3,129 3,236 3,314 3,472 3,538 3,650 3,856
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		 2,800 2,861 2,933 3,011 3,129 3,236 3,314 3,472 3,538 3,650 3,856
Common Stock		 24 18 19 18 5.89 9.46 40 41 5.87 53 51
Retained Earnings		 2,799 2,863 2,935 3,015 3,144 3,250 3,296 3,449 3,551 3,616 3,824
Accumulated Other Comprehensive Income / (Loss)		 -23 -21 -21 -22 -21 -24 -22 -19 -18 -19 -19

Annual Metrics And Ratios for F5

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 10.84% 3.92% 4.76% 3.41% 3.75% 4.83% 10.74% 3.55% 4.35% 0.10% 9.66%
EBITDA Growth		 12.97% -1.18% 4.94% 4.18% -8.09% -19.25% 2.05% -0.27% 19.50% 34.04% 12.25%
EBIT Growth		 12.87% -2.04% 4.66% 4.91% -10.38% -26.74% -2.39% -0.40% 26.10% 43.10% 16.23%
NOPAT Growth		 16.42% 1.30% 13.21% 7.69% -7.70% -25.77% 10.87% 0.07% 13.78% 39.76% 22.24%
Net Income Growth		 17.30% 0.23% 15.01% 7.83% -5.72% -28.12% 7.74% -2.74% 22.59% 43.51% 22.16%
EPS Growth		 22.98% 6.96% 20.82% 12.62% -3.28% -29.24% 6.59% -1.31% 24.29% 45.80% 23.56%
Operating Cash Flow Growth		 24.69% 3.94% 4.04% 2.81% -1.74% -11.63% -2.38% -31.40% 47.62% 21.27% 19.84%
Free Cash Flow Firm Growth		 35.90% 5.84% 5.95% 5.02% -134.67% -207.77% 92.88% 342.07% 220.77% 52.24% -2.52%
Invested Capital Growth		 -39.95% -81.70% -373.06% -128.24% 360.93% 203.56% 28.91% 14.16% 3.49% 2.73% 9.08%
Revenue Q/Q Growth		 1.91% 1.22% 0.61% 1.16% 1.25% 1.05% 2.65% 0.67% 0.25% 1.43% 2.10%
EBITDA Q/Q Growth		 0.16% 2.46% -1.24% 0.80% -5.39% -3.13% 6.33% -5.12% 14.85% 2.83% 1.51%
EBIT Q/Q Growth		 -0.06% 2.50% -1.55% 0.90% -7.07% -4.94% 7.20% -5.81% 18.28% 4.30% 1.45%
NOPAT Q/Q Growth		 0.92% 3.68% 5.89% -0.72% -8.08% -4.30% 11.48% -4.87% 16.33% 1.12% 4.28%
Net Income Q/Q Growth		 0.83% 3.36% 6.80% -0.63% -8.17% -5.29% 11.09% -6.22% 18.90% 2.38% 3.78%
EPS Q/Q Growth		 1.82% 5.28% 8.15% 0.55% -7.69% -5.83% 10.79% -5.39% 19.31% 2.80% 4.06%
Operating Cash Flow Q/Q Growth		 2.01% 3.00% 1.23% -1.14% 0.24% -4.37% 3.39% -8.80% 5.74% 7.71% -3.89%
Free Cash Flow Firm Q/Q Growth		 -2.88% 5.77% 2.96% -2.57% -4.68% -4.71% 31.74% -28.21% 9.54% 13.77% -29.53%
Invested Capital Q/Q Growth		 -13.71% -57.86% -63.56% -11.60% -9.43% -2.45% -1.00% 0.24% 1.57% -1.05% 9.97%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 82.69% 83.10% 83.09% 83.28% 84.10% 82.65% 81.06% 79.98% 78.91% 80.20% 81.41%
EBITDA Margin		 31.98% 30.41% 30.46% 30.69% 27.19% 20.94% 19.30% 18.58% 21.28% 28.50% 29.17%
Operating Margin		 28.80% 27.44% 26.98% 27.34% 23.12% 16.69% 15.13% 14.98% 16.80% 23.39% 24.80%
EBIT Margin		 29.24% 27.56% 27.54% 27.93% 24.13% 16.86% 14.86% 14.30% 17.28% 24.70% 26.18%
Profit (Net Income) Margin		 19.01% 18.34% 20.13% 20.99% 19.07% 13.08% 12.72% 11.95% 14.04% 20.13% 22.42%
Tax Burden Percent		 65.03% 66.53% 73.11% 75.14% 79.05% 77.56% 85.61% 83.59% 81.27% 81.50% 85.66%
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		 34.98% 33.47% 26.89% 24.86% 20.95% 22.44% 14.39% 16.41% 18.73% 18.50% 14.35%
Return on Invested Capital (ROIC)		 186.40% 425.39% 0.00% 0.00% 308.48% 35.00% 22.54% 18.70% 19.61% 26.58% 30.67%
ROIC Less NNEP Spread (ROIC-NNEP)		 185.93% 425.25% 0.00% 0.00% 307.19% 34.71% 23.29% 21.22% 18.00% 23.41% 27.70%
Return on Net Nonoperating Assets (RNNOA)		 -159.23% -396.15% 0.00% 0.00% -280.41% -19.60% -8.11% -5.36% -4.62% -7.47% -10.07%
Return on Equity (ROE)		 27.18% 29.25% 34.85% 36.08% 28.08% 15.40% 14.43% 13.34% 14.99% 19.12% 20.60%
Cash Return on Invested Capital (CROIC)		 236.33% 563.50% 0.00% 0.00% -43.19% -65.88% -2.73% 5.47% 16.18% 23.89% 21.98%
Operating Return on Assets (OROA)		 24.96% 23.81% 24.07% 23.76% 18.05% 9.83% 8.00% 7.50% 9.24% 12.81% 13.55%
Return on Assets (ROA)		 16.23% 15.84% 17.59% 17.85% 14.27% 7.62% 6.85% 6.27% 7.51% 10.44% 11.60%
Return on Common Equity (ROCE)		 27.18% 29.25% 34.85% 36.08% 28.08% 15.40% 14.43% 13.34% 14.99% 19.12% 20.60%
Return on Equity Simple (ROE_SIMPLE)		 27.72% 30.87% 34.23% 35.29% 24.28% 13.77% 14.03% 13.05% 14.10% 18.11% 0.00%
Net Operating Profit after Tax (NOPAT)		 360 364 412 444 410 304 337 338 384 537 656
NOPAT Margin		 18.73% 18.25% 19.73% 20.54% 18.28% 12.94% 12.96% 12.52% 13.65% 19.06% 21.25%
Net Nonoperating Expense Percent (NNEP)		 0.48% 0.14% 0.69% 0.70% 1.29% 0.28% -0.76% -2.52% 1.61% 3.18% 2.97%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 18.26%
Cost of Revenue to Revenue		 17.31% 16.90% 16.91% 16.72% 15.90% 17.35% 18.94% 20.02% 21.09% 19.80% 18.59%
SG&A Expenses to Revenue		 7.06% 6.94% 7.51% 7.42% 9.40% 10.99% 10.51% 10.18% 9.36% 9.55% 10.44%
R&D to Revenue		 15.45% 16.75% 16.76% 16.94% 18.20% 18.77% 19.69% 20.16% 19.21% 17.40% 17.48%
Operating Expenses to Revenue		 53.89% 55.66% 56.10% 55.94% 60.98% 65.96% 65.92% 65.00% 62.11% 56.81% 56.61%
Earnings before Interest and Taxes (EBIT)		 561 550 576 604 541 396 387 385 486 695 808
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 614 607 637 663 610 492 502 501 599 802 901
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 6.24 6.96 6.23 9.43 4.79 3.36 5.08 3.49 3.41 4.10 5.17
Price to Tangible Book Value (P/TBV)		 10.81 13.11 11.38 16.63 12.13 20.12 83.45 41.11 18.68 15.71 16.17
Price to Revenue (P/Rev)		 4.28 4.14 3.67 5.61 3.77 3.19 4.61 3.20 3.40 4.56 6.01
Price to Earnings (P/E)		 22.53 22.55 18.21 26.73 19.74 24.43 36.19 26.76 24.20 22.64 26.82
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		 4.44% 4.43% 5.49% 3.74% 5.07% 4.09% 2.76% 3.74% 4.13% 4.42% 3.73%
Enterprise Value to Invested Capital (EV/IC)		 48.71 267.74 0.00 0.00 16.51 5.04 6.71 4.20 4.39 5.74 7.71
Enterprise Value to Revenue (EV/Rev)		 3.67 3.56 3.04 4.94 3.17 2.80 4.35 3.00 3.11 4.17 5.57
Enterprise Value to EBITDA (EV/EBITDA)		 11.48 11.69 9.99 16.10 11.67 13.38 22.52 16.12 14.61 14.64 19.10
Enterprise Value to EBIT (EV/EBIT)		 12.56 12.90 11.05 17.69 13.14 16.61 29.24 20.96 18.00 16.90 21.29
Enterprise Value to NOPAT (EV/NOPAT)		 19.61 19.48 15.42 24.05 17.36 21.65 33.54 23.93 22.78 21.89 26.23
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.30 9.97 8.59 14.03 9.51 9.96 17.54 18.25 13.39 14.83 18.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 15.47 14.70 12.44 19.89 0.00 0.00 0.00 81.76 27.61 24.36 36.59
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.17 0.16 0.14 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.17 0.15 0.00 0.00 0.00 0.00
Financial Leverage		 -0.86 -0.93 -1.02 -1.09 -0.91 -0.56 -0.35 -0.25 -0.26 -0.32 -0.36
Leverage Ratio		 1.67 1.85 1.98 2.02 1.97 2.02 2.11 2.13 2.00 1.83 1.78
Compound Leverage Factor		 1.67 1.85 1.98 2.02 1.97 2.02 2.11 2.13 2.00 1.83 1.78
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 14.82% 13.52% 12.41% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.74% 0.71% 12.41% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 14.08% 12.82% 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% 85.18% 86.48% 87.59% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.79 0.73 0.70 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -1.88 -1.34 -1.09 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.75 0.70 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 1.28 1.09 1.04 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -3.04 -2.00 -1.61 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 1.21 1.04 0.00 0.00 0.00 0.00
Altman Z-Score		 7.61 7.02 6.22 8.01 5.12 3.34 4.17 3.25 4.02 4.93 5.96
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		 1.57 1.53 1.50 1.49 1.37 1.39 1.16 1.04 1.26 1.42 1.56
Quick Ratio		 1.40 1.36 1.40 1.40 1.17 1.17 0.90 0.74 0.85 0.98 1.09
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 456 482 511 537 -186 -573 -41 99 317 482 470
Operating Cash Flow to CapEx		 1,135.09% 1,120.74% 1,913.81% 1,450.62% 722.26% 1,102.60% 2,104.98% 1,316.41% 1,205.91% 2,605.61% 2,195.25%
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		 0.85 0.86 0.87 0.85 0.75 0.58 0.54 0.52 0.53 0.52 0.52
Accounts Receivable Turnover		 7.36 7.29 7.46 7.36 7.26 7.61 8.18 6.65 6.08 6.67 7.69
Inventory Turnover		 11.42 9.95 11.07 11.97 10.98 13.09 19.74 11.94 11.38 9.94 7.47
Fixed Asset Turnover		 23.60 18.21 17.02 16.16 12.17 10.39 12.39 15.00 16.62 17.53 20.06
Accounts Payable Turnover		 7.03 7.94 8.33 6.66 5.92 6.42 7.79 6.16 6.72 8.50 7.56
Days Sales Outstanding (DSO)		 49.59 50.09 48.91 49.59 50.25 47.99 44.63 54.87 60.00 54.69 47.48
Days Inventory Outstanding (DIO)		 31.96 36.68 32.98 30.50 33.25 27.87 18.49 30.58 32.06 36.74 48.84
Days Payable Outstanding (DPO)		 51.95 45.97 43.82 54.79 61.61 56.87 46.84 59.28 54.29 42.94 48.29
Cash Conversion Cycle (CCC)		 29.60 40.80 38.07 25.30 21.88 19.00 16.28 26.17 37.77 48.48 48.04
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 145 26 -72 -165 431 1,308 1,686 1,925 1,992 2,046 2,232
Invested Capital Turnover		 9.95 23.30 -91.18 -18.21 16.88 2.70 1.74 1.49 1.44 1.39 1.44
Increase / (Decrease) in Invested Capital		 -96 -118 -99 -93 596 877 378 239 67 54 186
Enterprise Value (EV)		 7,050 7,093 6,359 10,678 7,113 6,586 11,315 8,076 8,748 11,751 17,206
Market Capitalization		 8,222 8,252 7,661 12,128 8,443 7,510 11,989 8,620 9,557 12,834 18,566
Book Value per Share		 $18.54 $17.90 $19.35 $21.14 $29.29 $36.49 $39.13 $41.45 $47.22 $53.69 $62.53
Tangible Book Value per Share		 $10.71 $9.51 $10.60 $12.00 $11.58 $6.10 $2.38 $3.52 $8.63 $14.02 $19.99
Total Capital		 1,317 1,185 1,229 1,285 1,761 2,621 2,729 2,819 2,800 3,129 3,592
Total Debt		 0.00 0.00 0.00 0.00 0.00 388 369 350 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 369 350 0.00 0.00 0.00 0.00
Net Debt		 -1,172 -1,159 -1,302 -1,451 -1,331 -925 -674 -544 -808 -1,083 -1,360
Capital Expenditures (CapEx)		 60 63 39 52 104 60 31 34 54 30 43
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -341 -438 -545 -576 -566 -685 -672 -463 -427 -455 -438
Debt-free Net Working Capital (DFNWC)		 433 445 472 463 406 524 239 422 376 620 906
Net Working Capital (NWC)		 433 445 472 463 406 505 220 72 376 620 906
Net Nonoperating Expense (NNE)		 -5.49 -1.67 -8.45 -9.66 -18 -3.20 6.07 15 -11 -30 -36
Net Nonoperating Obligations (NNO)		 -1,172 -1,159 -1,302 -1,451 -1,331 -925 -674 -544 -808 -1,083 -1,360
Total Depreciation and Amortization (D&A)		 53 57 61 59 69 96 115 116 113 107 92
Debt-free, Cash-free Net Working Capital to Revenue		 -17.78% -21.95% -26.09% -26.66% -25.25% -29.16% -25.80% -17.16% -15.19% -16.15% -14.19%
Debt-free Net Working Capital to Revenue		 22.56% 22.28% 22.57% 21.43% 18.11% 22.31% 9.17% 15.66% 13.37% 22.01% 29.34%
Net Working Capital to Revenue		 22.56% 22.28% 22.57% 21.43% 18.11% 21.49% 8.43% 2.68% 13.37% 22.01% 29.34%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $7.12 $0.00 $5.46 $5.34 $6.59 $9.65 $11.96
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 60.04M 0.00 60.71M 60.27M 59.91M 58.72M 57.90M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $7.08 $0.00 $5.34 $5.27 $6.55 $9.55 $11.80
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 60.46M 0.00 62.06M 61.10M 60.27M 59.36M 58.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $7.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 60.79M 0.00 61.23M 60.37M 59.71M 58.61M 58.09M
Normalized Net Operating Profit after Tax (NOPAT)		 360 370 422 458 410 310 337 344 437 544 678
Normalized NOPAT Margin		 18.73% 18.56% 20.19% 21.18% 18.28% 13.20% 12.96% 12.77% 15.54% 19.31% 21.95%
Pre Tax Income Margin		 29.24% 27.56% 27.54% 27.93% 24.13% 16.86% 14.86% 14.30% 17.28% 24.70% 26.18%
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		 166.26% 191.37% 142.62% 132.27% 47.00% 32.53% 150.95% 155.21% 88.63% 88.32% 72.52%

Quarterly Metrics And Ratios for F5

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 56,519,273.00 56,419,247.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 56,519,273.00 56,419,247.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 2.61 3.69
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.11% -3.10% -1.02% 5.62% 10.67% 7.30% 12.20% 8.49% 7.30% 11.02% 10.85%
EBITDA Growth		 65.06% 27.79% 47.16% 10.81% 13.77% 11.34% 18.70% 5.93% 6.83% 10.39% 6.00%
EBIT Growth		 81.83% 34.15% 61.20% 16.41% 19.87% 17.31% 24.13% 5.68% 6.64% 10.52% 6.19%
NOPAT Growth		 89.59% 43.79% 58.19% 3.82% 25.09% 18.33% 27.83% 17.40% 5.95% 3.49% 12.16%
Net Income Growth		 91.13% 46.15% 61.93% 8.65% 20.28% 22.27% 31.81% 15.24% 8.18% 1.53% 9.63%
EPS Growth		 93.33% 49.25% 64.86% 10.28% 21.55% 24.00% 33.20% 16.49% 9.93% 4.03% 11.38%
Operating Cash Flow Growth		 4.88% 57.28% -3.69% 29.88% 22.66% 15.77% 77.54% -15.59% -21.49% 42.60% 12.06%
Free Cash Flow Firm Growth		 233.30% 208.88% -34.09% 22.55% 624.07% 106.63% 608.11% -103.65% -162.32% -103.38% -100.92%
Invested Capital Growth		 5.96% 2.94% 5.45% 2.73% 2.20% 0.93% -1.84% 9.08% 11.91% 7.04% 9.77%
Revenue Q/Q Growth		 -2.03% -1.62% 2.08% 7.36% 2.65% -4.61% 6.74% 3.81% 1.53% -1.31% 6.58%
EBITDA Q/Q Growth		 -0.34% -14.59% 14.05% 14.14% 2.33% -16.42% 21.59% 1.85% 3.20% -13.63% 16.76%
EBIT Q/Q Growth		 -0.24% -16.32% 17.60% 18.58% 2.72% -18.10% 24.43% 0.96% 3.65% -15.12% 19.54%
NOPAT Q/Q Growth		 -12.65% -12.56% 19.95% 13.32% 5.25% -17.28% 29.57% 4.08% -5.03% -19.20% 40.43%
Net Income Q/Q Growth		 -9.04% -13.99% 21.05% 14.73% 0.70% -12.57% 30.50% 0.31% -5.48% -17.94% 40.91%
EPS Q/Q Growth		 -8.30% -13.79% 22.00% 14.34% 1.08% -12.06% 31.05% 0.00% -4.62% -16.77% 40.31%
Operating Cash Flow Q/Q Growth		 -12.90% 34.07% -28.28% 55.07% -17.74% 26.54% 9.99% -26.27% -23.48% 129.83% -13.57%
Free Cash Flow Firm Q/Q Growth		 -80.09% 243.66% -46.51% 234.86% 17.63% -1.93% 83.30% -101.73% -1,905.93% 94.68% 50.17%
Invested Capital Q/Q Growth		 1.86% -0.27% 2.19% -1.05% 1.34% -1.52% -0.61% 9.97% 3.97% -5.80% 1.92%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 80.31% 79.29% 80.38% 80.75% 81.67% 80.72% 80.95% 82.24% 81.55% 81.41% 82.25%
EBITDA Margin		 29.41% 25.53% 28.53% 30.33% 30.23% 26.49% 30.18% 29.61% 30.10% 26.34% 28.86%
Operating Margin		 23.75% 20.54% 23.45% 25.58% 26.76% 21.73% 25.16% 25.39% 26.04% 22.05% 24.65%
EBIT Margin		 25.18% 21.42% 24.68% 27.26% 27.27% 23.42% 27.30% 26.55% 27.10% 23.31% 26.15%
Profit (Net Income) Margin		 19.98% 17.47% 20.72% 22.14% 21.72% 19.91% 24.34% 23.52% 21.89% 18.20% 24.07%
Tax Burden Percent		 79.35% 81.56% 83.95% 81.22% 79.62% 85.01% 89.15% 88.57% 80.77% 78.09% 92.05%
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		 20.65% 18.44% 16.05% 18.78% 20.38% 14.99% 10.85% 11.43% 19.23% 21.91% 7.95%
Return on Invested Capital (ROIC)		 26.82% 23.38% 27.13% 28.98% 30.01% 26.72% 33.11% 32.46% 30.10% 26.27% 35.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 25.77% 22.80% 26.26% 27.91% 29.70% 25.76% 31.86% 31.78% 29.51% 25.69% 34.50%
Return on Net Nonoperating Assets (RNNOA)		 -7.10% -6.73% -7.60% -8.90% -9.71% -9.00% -11.72% -11.55% -10.37% -10.09% -14.45%
Return on Equity (ROE)		 19.72% 16.65% 19.54% 20.08% 20.30% 17.72% 21.39% 20.91% 19.73% 16.18% 20.82%
Cash Return on Invested Capital (CROIC)		 16.82% 21.19% 21.05% 23.89% 25.59% 28.13% 32.57% 21.98% 19.05% 24.91% 23.16%
Operating Return on Assets (OROA)		 13.54% 11.24% 13.01% 14.13% 14.01% 12.19% 14.32% 13.74% 13.98% 12.12% 13.37%
Return on Assets (ROA)		 10.74% 9.17% 10.92% 11.48% 11.16% 10.36% 12.77% 12.17% 11.29% 9.46% 12.31%
Return on Common Equity (ROCE)		 19.72% 16.65% 19.54% 20.08% 20.30% 17.72% 21.39% 20.91% 19.73% 16.18% 20.82%
Return on Equity Simple (ROE_SIMPLE)		 16.11% 17.00% 18.39% 0.00% 18.38% 18.75% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 131 114 137 155 163 135 175 182 173 140 196
NOPAT Margin		 18.85% 16.75% 19.69% 20.78% 21.30% 18.47% 22.43% 22.49% 21.03% 17.22% 22.69%
Net Nonoperating Expense Percent (NNEP)		 1.05% 0.58% 0.87% 1.07% 0.32% 0.96% 1.25% 0.68% 0.59% 0.58% 0.78%
Return On Investment Capital (ROIC_SIMPLE)		 4.56% - - - 5.05% 4.08% 5.04% 5.07% 4.89% 3.83% 5.09%
Cost of Revenue to Revenue		 19.69% 20.71% 19.62% 19.25% 18.33% 19.28% 19.05% 17.76% 18.45% 18.59% 17.75%
SG&A Expenses to Revenue		 9.34% 9.86% 9.48% 9.51% 9.53% 10.48% 10.08% 11.61% 11.02% 11.29% 11.05%
R&D to Revenue		 17.26% 17.94% 17.88% 16.60% 17.03% 18.68% 17.47% 16.84% 17.16% 18.61% 19.03%
Operating Expenses to Revenue		 56.55% 58.75% 56.94% 55.17% 54.91% 58.99% 55.80% 56.85% 55.50% 59.35% 57.60%
Earnings before Interest and Taxes (EBIT)		 174 146 172 204 209 171 213 215 223 189 226
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 204 174 198 226 232 194 235 240 248 214 250
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.71 3.80 3.35 4.10 4.56 4.63 4.87 5.17 4.19 4.48 6.09
Price to Tangible Book Value (P/TBV)		 18.55 17.96 14.45 15.71 15.96 15.44 14.73 16.17 13.55 13.56 17.09
Price to Revenue (P/Rev)		 3.78 4.01 3.64 4.56 5.10 5.22 5.59 6.01 4.72 5.07 7.09
Price to Earnings (P/E)		 23.03 22.36 18.23 22.64 24.78 24.71 25.34 26.82 21.00 23.09 32.30
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		 4.34% 4.47% 5.48% 4.42% 4.04% 4.05% 3.95% 3.73% 4.76% 4.33% 3.10%
Enterprise Value to Invested Capital (EV/IC)		 4.82 5.06 4.43 5.74 6.55 6.89 7.62 7.71 5.87 6.81 9.80
Enterprise Value to Revenue (EV/Rev)		 3.49 3.68 3.30 4.17 4.70 4.79 5.11 5.57 4.33 4.62 6.60
Enterprise Value to EBITDA (EV/EBITDA)		 14.41 14.28 11.73 14.64 16.35 16.56 17.42 19.10 14.85 15.90 22.97
Enterprise Value to EBIT (EV/EBIT)		 17.33 17.02 13.73 16.90 18.60 18.64 19.40 21.29 16.55 17.72 25.59
Enterprise Value to NOPAT (EV/NOPAT)		 21.95 21.31 17.24 21.89 23.84 23.84 24.58 26.23 20.45 22.21 31.59
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.80 13.80 12.44 14.83 16.36 16.28 15.65 18.12 15.02 14.66 20.81
Enterprise Value to Free Cash Flow (EV/FCFF)		 29.50 24.23 21.58 24.36 25.87 24.62 23.17 36.59 32.51 28.28 44.29
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 0.00
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		 -0.28 -0.30 -0.29 -0.32 -0.33 -0.35 -0.37 -0.36 -0.35 -0.39 -0.42
Leverage Ratio		 1.92 1.87 1.86 1.83 1.85 1.81 1.78 1.78 1.80 1.78 1.77
Compound Leverage Factor		 1.92 1.87 1.86 1.83 1.85 1.81 1.78 1.78 1.80 1.78 1.77
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%
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% 0.00%
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% 100.00%
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
Net 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
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 0.00
Net 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
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		 4.04 4.20 4.03 4.64 4.85 5.09 5.42 5.65 4.81 5.01 6.32
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		 1.29 1.30 1.36 1.42 1.48 1.53 1.60 1.56 1.55 1.61 1.66
Quick Ratio		 0.88 0.86 0.93 0.98 1.03 1.08 1.15 1.09 1.05 1.11 1.15
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 16 56 30 101 119 116 213 -3.68 -74 -3.93 -1.96
Operating Cash Flow to CapEx		 1,827.12% 2,344.12% 2,717.71% 4,067.74% 2,511.85% 2,443.08% 3,303.51% 1,289.07% 1,637.97% 1,994.53% 887.36%
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		 0.54 0.52 0.53 0.52 0.51 0.52 0.52 0.52 0.52 0.52 0.51
Accounts Receivable Turnover		 5.62 6.37 6.46 6.67 5.79 7.66 7.76 7.69 6.43 8.01 8.39
Inventory Turnover		 12.09 9.30 8.90 9.94 10.30 8.16 7.89 7.47 7.64 7.53 6.19
Fixed Asset Turnover		 16.76 16.80 17.07 17.53 18.23 18.95 19.72 20.06 20.48 19.89 18.93
Accounts Payable Turnover		 8.72 8.78 9.32 8.50 9.88 11.09 9.38 7.56 10.24 9.67 5.86
Days Sales Outstanding (DSO)		 64.95 57.30 56.50 54.69 63.03 47.67 47.05 47.48 56.80 45.57 43.49
Days Inventory Outstanding (DIO)		 30.18 39.26 40.99 36.74 35.44 44.73 46.26 48.84 47.75 48.50 58.94
Days Payable Outstanding (DPO)		 41.87 41.59 39.18 42.94 36.94 32.92 38.91 48.29 35.63 37.75 62.30
Cash Conversion Cycle (CCC)		 53.26 54.97 58.31 48.48 61.53 59.48 54.41 48.04 68.92 56.32 40.12
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,029 2,023 2,068 2,046 2,074 2,042 2,030 2,232 2,321 2,186 2,228
Invested Capital Turnover		 1.42 1.40 1.38 1.39 1.41 1.45 1.48 1.44 1.43 1.53 1.55
Increase / (Decrease) in Invested Capital		 114 58 107 54 45 19 -38 186 247 144 198
Enterprise Value (EV)		 9,783 10,239 9,152 11,751 13,578 14,079 15,461 17,206 13,610 14,889 21,840
Market Capitalization		 10,615 11,149 10,095 12,834 14,740 15,351 16,903 18,566 14,828 16,353 23,468
Book Value per Share		 $48.39 $49.88 $51.37 $53.69 $55.20 $57.48 $60.45 $62.53 $60.91 $64.57 $68.34
Tangible Book Value per Share		 $9.68 $10.56 $11.92 $14.02 $15.75 $17.24 $19.98 $19.99 $18.84 $21.34 $24.34
Total Capital		 2,861 2,933 3,011 3,129 3,236 3,314 3,472 3,592 3,538 3,650 3,856
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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		 -832 -910 -943 -1,083 -1,162 -1,272 -1,442 -1,360 -1,218 -1,464 -1,628
Capital Expenditures (CapEx)		 9.05 9.46 5.85 6.06 8.07 11 8.54 16 9.72 18 36
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -389 -454 -405 -455 -397 -447 -493 -438 -303 -417 -429
Debt-free Net Working Capital (DFNWC)		 437 449 531 620 754 812 934 906 897 1,025 1,177
Net Working Capital (NWC)		 437 449 531 620 754 812 934 906 897 1,025 1,177
Net Nonoperating Expense (NNE)		 -7.84 -4.87 -7.16 -10 -3.15 -10 -15 -8.34 -7.06 -7.96 -12
Net Nonoperating Obligations (NNO)		 -832 -910 -943 -1,083 -1,162 -1,272 -1,442 -1,360 -1,218 -1,464 -1,628
Total Depreciation and Amortization (D&A)		 29 28 27 23 23 22 22 25 25 25 23
Debt-free, Cash-free Net Working Capital to Revenue		 -13.85% -16.32% -14.59% -16.15% -13.72% -15.21% -16.30% -14.19% -9.64% -12.95% -12.96%
Debt-free Net Working Capital to Revenue		 15.59% 16.13% 19.11% 22.01% 26.10% 27.62% 30.88% 29.34% 28.51% 31.80% 35.56%
Net Working Capital to Revenue		 15.59% 16.13% 19.11% 22.01% 26.10% 27.62% 30.88% 29.34% 28.51% 31.80% 35.56%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.34 $2.02 $2.46 $2.83 $2.85 $2.51 $3.29 $3.31 $3.12 $2.61 $3.67
Adjusted Weighted Average Basic Shares Outstanding		 59.12M 58.79M 58.58M 58.72M 58.31M 57.89M 57.77M 57.90M 57.65M 56.71M 56.73M
Adjusted Diluted Earnings per Share		 $2.32 $2.00 $2.44 $2.79 $2.82 $2.48 $3.25 $3.25 $3.10 $2.58 $3.62
Adjusted Weighted Average Diluted Shares Outstanding		 59.65M 59.58M 59.15M 59.36M 59.06M 58.76M 58.49M 58.68M 58.16M 57.30M 57.55M
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		 58.81M 58.61M 58.28M 58.61M 57.65M 57.43M 57.45M 58.09M 56.52M 56.42M 56.63M
Normalized Net Operating Profit after Tax (NOPAT)		 137 114 137 155 172 135 175 195 173 140 196
Normalized NOPAT Margin		 19.82% 16.76% 19.70% 20.78% 22.48% 18.47% 22.43% 24.03% 21.03% 17.19% 22.69%
Pre Tax Income Margin		 25.18% 21.42% 24.68% 27.26% 27.27% 23.42% 27.30% 26.55% 27.10% 23.31% 26.15%
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		 99.81% 112.35% 83.10% 88.32% 79.95% 80.89% 71.58% 72.52% 96.06% 91.94% 86.18%

Financials Breakdown Chart

Key Financial Trends

F5’s financial results show a strengthening growth and profitability profile through the third quarter of fiscal 2026. Revenue reached $865.1 million, up 10.9% from $780.4 million in the comparable fiscal 2025 quarter and 6.6% from fiscal Q2 2026. Quarterly revenue has risen from approximately $674.5 million in fiscal Q3 2022 to the current level, indicating sustained top-line expansion.

Profitability has also improved over the period. Third-quarter gross profit increased to $711.5 million, producing an approximate gross margin of 82.3%, compared with 80.9% a year earlier. Operating income rose 8.6% year over year to $213.3 million, while net income increased 9.6% to $208.2 million. Diluted EPS reached $3.62, compared with $3.25 in the restated fiscal Q3 2025 results.

The cash flow profile remains a major strength. F5 generated $316.2 million of operating cash flow in Q3 2026, or roughly 1.5 times net income. Operating cash flow has generally remained positive in every quarter provided, increasing from $71.4 million in fiscal Q3 2022 to more than $300 million in recent quarters. Cash and equivalents stood at $1.61 billion at June 30, 2026, up from $797.2 million at the end of fiscal 2023.

F5 is returning substantial capital to shareholders. The company repurchased $100.0 million of common stock in Q3 2026 after repurchases of $100.0 million in Q2 and $301.1 million in Q1. Despite stock-based equity issuance, weighted-average basic shares declined from 60.3 million in fiscal Q3 2022 to 56.7 million in the latest quarter, supporting per-share earnings growth.

The balance sheet is in a relatively strong position, with no short-term or long-term debt reported in the latest periods. Total equity increased to $3.86 billion from $2.47 billion at the end of fiscal 2022. However, investors should recognize that goodwill remains substantial at $2.48 billion, while deferred revenue accounts for approximately $2.19 billion of liabilities. The supplied historical income statement data also includes restatements, so comparisons should be interpreted with care.

  • Revenue growth is accelerating: Q3 2026 revenue rose 10.9% year over year and has grown steadily from the fiscal 2022 levels provided.
  • Gross margins remain exceptionally high: Gross margin improved to approximately 82.3% from 80.9% in the comparable quarter, suggesting favorable product mix and operating leverage.
  • Profitability has expanded: Operating income reached $213.3 million and net income reached $208.2 million, both above the prior-year quarter.
  • EPS is benefiting from buybacks: Diluted EPS increased to $3.62, while basic weighted-average shares fell by roughly 6% from fiscal Q3 2022 to Q3 2026.
  • Operating cash generation is strong: F5 produced $316.2 million of operating cash flow in Q3 2026, comfortably exceeding reported net income.
  • Liquidity has improved: Cash and equivalents reached $1.61 billion, and total current assets climbed to $2.95 billion by June 30, 2026.
  • Capital returns remain meaningful: The company repurchased $100.0 million of stock during the latest quarter and has consistently returned capital through repurchases.
  • Debt exposure appears limited: The latest balance sheet reports no short-term or long-term debt, reducing interest-rate and refinancing risk.
  • Deferred revenue provides visibility but is also a liability: Approximately $2.19 billion of current and noncurrent deferred revenue reflects future obligations to deliver products and services, although it can support recurring revenue recognition.
  • Goodwill concentration warrants monitoring: Goodwill of $2.48 billion represents a significant portion of total assets, creating potential impairment risk if acquired businesses underperform.
09/15/26 07:19 AM ETAI Generated. May Contain Errors.

F5 Financials - Frequently Asked Questions

According to the most recent income statement we have on file, F5's fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

F5's net income appears to be on an upward trend, with a most recent value of $692.38 million in 2025, rising from $365.01 million in 2015. The previous period was $566.78 million in 2024. See where experts think F5 is headed by visiting F5's forecast page.

F5's total operating income in 2025 was $765.95 million, based on the following breakdown:
  • Total Gross Profit: $2.51 billion
  • Total Operating Expenses: $1.75 billion

Over the last 10 years, F5's total revenue changed from $1.92 billion in 2015 to $3.09 billion in 2025, a change of 60.9%.

F5's total liabilities were at $2.73 billion at the end of 2025, a 9.8% increase from 2024, and a 174.0% increase since 2015.

In the past 10 years, F5's cash and equivalents has ranged from $390.46 million in 2015 to $1.34 billion in 2025, and is currently $1.34 billion as of their latest financial filing in 2025.

Over the last 10 years, F5's book value per share changed from 18.54 in 2015 to 62.53 in 2025, a change of 237.2%.


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Financial statements for NASDAQ:FFIV last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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