NetScout Systems (NTCT) Financials

$39.40 +1.18 (+3.09%)

Closing price 05/13/2026 04:00 PM Eastern

Extended Trading

$39.39 -0.01 (-0.03%)

As of 05/13/2026 07:47 PM Eastern

Annual Income Statements for NetScout Systems

This table shows NetScout Systems' 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	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	61	-28	1,665	80	-73	-2.75	19	36	60	-148	-367
Consolidated Net Income / (Loss)	61	-28	33	80	-73	-2.75	19	36	60	-148	-367
Net Income / (Loss) Continuing Operations	61	-28	1,665	80	-73	-2.75	19	36	60	-148	-367
Total Pre-Tax Income	95	-32	52	-19	-93	1.92	22	43	68	-145	-366
Total Operating Income	97	-26	62	-4.06	-72	18	37	49	78	-150	-368
Total Gross Profit	359	627	1,632	715	656	650	609	641	691	642	644
Total Revenue	454	955	2,324	987	910	892	831	856	915	829	823
Operating Revenue	454	955	2,324	987	910	892	831	856	915	829	823
Total Cost of Revenue	95	328	692	272	254	242	222	214	223	187	179
Operating Cost of Revenue	95	328	692	272	254	242	-	214	223	187	179
Total Operating Expenses	262	653	-62	719	727	632	572	593	614	792	1,012
Selling, General & Admin Expense	47	118	118	109	94	100	89	98	104	96	97
Marketing Expense	136	293	329	313	292	277	243	264	277	271	268
Research & Development Expense	75	209	233	215	204	188	179	171	176	161	153
Amortization Expense	3.35	32	70	77	74	65	61	60	55	50	46
Other Operating Expenses / (Income)	-	-	816	0.00	9.47	-	-	0.00	0.00	-3.81	0.00
Impairment Charge	-	-	0.00	0.00	36	-	-	0.00	0.00	217	427
Restructuring Charge	0.00	0.47	4.00	5.21	19	2.67	0.06	0.00	1.78	0.00	21
Total Other Income / (Expense), net	-1.81	-6.89	-9.88	-15	-21	-16	-15	-5.74	-9.25	5.32	1.81
Interest Expense	0.77	6.33	9.18	13	26	21	11	8.05	10	8.65	7.16
Interest & Investment Income	0.45	0.69	1.02	1.81	5.25	4.53	0.65	0.30	4.92	9.60	11
Other Income / (Expense), net	-1.48	-1.25	-1.72	-3.78	-0.43	0.36	-4.59	2.01	-3.92	4.37	-1.77
Income Tax Expense	34	-4.07	19	-98	-20	4.68	2.95	7.02	8.77	3.22	1.13
Basic Earnings per Share	$1.49	($0.35)	$0.36	$0.91	($0.93)	($0.04)	$0.26	$0.48	$0.83	($2.07)	($5.12)
Weighted Average Basic Shares Outstanding	41.11M	81.93M	92.23M	87.43M	78.62M	75.16M	73.10M	74.02M	71.78M	71.47M	71.63M
Diluted Earnings per Share	$1.47	($0.35)	$0.36	$0.90	($0.93)	($0.04)	$0.26	$0.48	$0.82	($2.07)	($5.12)
Weighted Average Diluted Shares Outstanding	41.64M	81.93M	92.92M	88.26M	78.62M	75.16M	73.82M	75.08M	73.05M	71.47M	71.63M
Weighted Average Basic & Diluted Shares Outstanding	41.10M	81.10M	92.50M	87.70M	64.30M	144.44M	73.75M	74.12M	71.25M	71.42M	71.33M

This table shows NetScout Systems' 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	6/30/2023	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	-4.20	21	-133	-32	-443	9.03	49	19	-3.68	26	55
Consolidated Net Income / (Loss)	-4.20	21	-133	-32	-443	9.03	49	19	-3.68	26	55
Net Income / (Loss) Continuing Operations	-4.20	21	-133	-32	-443	9.03	49	19	-3.68	26	55
Total Pre-Tax Income	-5.33	27	-134	-33	-454	12	57	18	-2.83	31	67
Total Operating Income	-4.70	26	-134	-37	-463	14	62	20	-6.56	32	64
Total Gross Profit	161	154	174	153	130	149	205	159	143	175	205
Total Revenue	211	197	218	203	175	191	252	205	187	219	251
Operating Revenue	211	197	218	203	175	191	252	205	187	219	251
Total Cost of Revenue	50	43	44	50	44	42	47	46	43	44	46
Operating Cost of Revenue	50	43	44	50	44	42	47	46	43	44	46
Total Operating Expenses	165	127	309	190	594	135	144	139	150	143	140
Selling, General & Admin Expense	28	23	23	22	26	24	23	24	28	26	24
Marketing Expense	79	61	69	62	70	61	70	67	71	65	65
Research & Development Expense	46	35	37	44	42	36	38	37	40	40	40
Amortization Expense	13	13	13	13	12	12	12	12	11	11	11
Impairment Charge	0.00	0.00	167	-	427	0.00	0.00	-	0.00	0.00	0.00
Restructuring Charge	0.00	0.00	0.00	-	17	2.41	0.92	0.61	0.53	0.30	0.03
Total Other Income / (Expense), net	-0.64	1.18	0.73	4.04	9.63	-1.80	-4.34	-1.69	3.74	-1.10	2.29
Interest Expense	2.09	2.17	2.21	2.18	1.95	1.80	2.65	0.77	0.42	0.42	0.46
Interest & Investment Income	2.29	2.51	2.15	2.66	3.10	2.55	2.53	2.56	3.21	3.53	3.28
Other Income / (Expense), net	-0.83	0.85	0.79	3.56	8.48	-2.54	-4.22	-3.48	0.94	-4.21	-0.53
Income Tax Expense	-1.13	6.01	-1.14	-0.51	-10	3.30	8.57	-0.42	0.85	5.55	11
Basic Earnings per Share	($0.06)	$0.30	($1.87)	($0.44)	($6.20)	$0.13	$0.68	$0.27	($0.05)	$0.36	$0.76
Weighted Average Basic Shares Outstanding	71.54M	72.11M	71.08M	71.47M	71.47M	71.45M	71.74M	71.63M	71.73M	72.08M	72.21M
Diluted Earnings per Share	($0.06)	$0.29	($1.87)	($0.43)	($6.20)	$0.13	$0.67	$0.28	($0.05)	$0.35	$0.75
Weighted Average Diluted Shares Outstanding	71.54M	72.80M	71.08M	71.47M	71.47M	71.84M	72.57M	71.63M	71.73M	72.92M	73.82M
Weighted Average Basic & Diluted Shares Outstanding	72.15M	71.00M	71.04M	71.42M	71.32M	71.72M	71.75M	71.33M	71.88M	72.19M	72.22M

This table details how cash moves in and out of NetScout Systems' 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	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Change in Cash & Equivalents	2.82	106	95	65	39	-70	127	169	-249	2.88	68
Net Cash From Operating Activities	107	97	227	222	150	225	214	296	157	59	218
Net Cash From Continuing Operating Activities	107	97	227	222	150	225	214	296	157	59	218
Net Income / (Loss) Continuing Operations	61	-28	33	80	-73	-2.75	19	36	60	-148	-367
Consolidated Net Income / (Loss)	61	-28	33	80	-73	-2.75	19	36	60	-148	-367
Depreciation Expense	20	140	161	154	138	116	106	96	86	75	64
Amortization Expense	-	-	-	-	-	-	-	-	11	11	10
Non-Cash Adjustments To Reconcile Net Income	17	28	37	48	100	61	62	67	63	279	492
Changes in Operating Assets and Liabilities, net	8.83	-43	-4.10	-59	-15	50	27	97	-63	-158	18
Net Cash From Investing Activities	-56	25	-42	57	-26	-4.31	25	-68	15	13	-7.00
Net Cash From Continuing Investing Activities	-56	25	-42	57	-26	-4.31	25	-68	15	13	-7.00
Purchase of Property, Plant & Equipment	-13	-26	-31	-16	-24	-20	-12	-10	-10	-6.36	-5.41
Acquisitions	-0.17	-3.96	-5.64	-8.88	-3.29	-11	-4.54	-0.05	-0.16	0.00	-1.29
Purchase of Investments	-133	-100	-200	-114	-230	-117	-16	-78	-115	-53	-45
Divestitures	-	28	-	-	-	-	-	0.00	0.00	7.77	0.00
Sale and/or Maturity of Investments	90	119	181	196	230	144	57	21	140	65	45
Net Cash From Financing Activities	-49	-17	-90	-221	-79	-287	-118	-54	-419	-69	-142
Net Cash From Continuing Financing Activities	-49	-17	-90	-221	-79	-287	-118	-54	-419	-69	-142
Repayment of Debt	0.00	-	0.00	0.00	-50	-100	-100	-354	-250	0.00	-178
Repurchase of Common Equity	-52	-303	-80	-501	-14	-175	-3.28	-36	-150	-50	-25
Issuance of Debt	-	295	0.00	295	-	0.00	0.00	350	0.00	0.00	75
Issuance of Common Equity	0.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities, net	2.81	-9.07	-9.56	-14	-15	-12	-15	-15	-19	-19	-14
Effect of Exchange Rate Changes	0.83	0.74	-	-	-5.21	-3.43	6.63	-4.51	-1.89	0.06	-0.92
Cash Interest Paid	0.00	3.81	6.44	9.60	23	18	7.69	4.96	8.06	6.43	4.19
Cash Income Taxes Paid	29	51	49	18	13	13	11	32	56	62	42

This table details how cash moves in and out of NetScout Systems' 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	6/30/2023	9/30/2023	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
Net Change in Cash & Equivalents	-54	-53	18	92	-27	1.14	35	59	32	-6.19	57
Net Cash From Operating Activities	-22	-26	14	94	38	-3.73	41	142	74	6.65	62
Net Cash From Continuing Operating Activities	-22	-26	14	94	38	-3.73	41	142	74	6.65	62
Net Income / (Loss) Continuing Operations	-4.20	21	-133	-32	-443	9.03	49	19	-3.68	26	55
Consolidated Net Income / (Loss)	-4.20	21	-133	-32	-443	9.03	49	19	-3.68	26	55
Depreciation Expense	19	19	19	18	16	16	16	16	14	14	13
Amortization Expense	2.59	2.63	2.64	-	2.61	2.62	2.63	2.55	2.50	2.51	2.47
Non-Cash Adjustments To Reconcile Net Income	20	14	182	65	439	16	20	17	17	17	14
Changes in Operating Assets and Liabilities, net	-60	-84	-57	43	23	-48	-46	88	43	-53	-23
Net Cash From Investing Activities	-19	12	20	-0.07	-3.09	3.95	1.19	-9.04	-17	4.73	-4.80
Net Cash From Continuing Investing Activities	-19	12	20	-0.07	-3.09	3.95	1.19	-9.04	-17	4.73	-4.80
Purchase of Property, Plant & Equipment	-1.96	-1.54	-1.25	-1.60	-1.27	-0.88	-1.86	-1.40	-1.88	-2.23	-2.82
Purchase of Investments	-26	-16	-1.24	-9.62	-12	-8.85	-8.35	-16	-29	-22	-19
Sale and/or Maturity of Investments	8.73	21	23	11	10	15	11	8.07	14	17	17
Net Cash From Financing Activities	-13	-36	-19	-0.20	-62	-1.60	-2.78	-75	-29	-18	-0.49
Net Cash From Continuing Financing Activities	-13	-36	-19	-0.20	-62	-1.60	-2.78	-75	-29	-18	-0.49
Repurchase of Common Equity	0.00	-31	-19	-	-25	-0.26	-	-	-15	-17	-0.00
Other Financing Activities, net	-13	-5.31	-0.43	-0.20	-12	-1.34	-0.33	-0.13	-14	-1.43	-0.49
Effect of Exchange Rate Changes	0.82	-2.12	2.64	-1.28	-0.64	2.52	-4.85	2.05	4.67	0.41	0.48
Cash Income Taxes Paid	22	19	13	7.84	9.14	13	10	9.60	8.53	12	11

This table presents NetScout Systems' 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	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Total Assets	669	3,593	3,602	3,369	3,270	3,121	3,085	3,195	2,821	2,595	2,187
Total Current Assets	337	740	854	752	801	660	722	922	617	672	713
Cash & Equivalents	105	211	305	370	410	338	467	636	387	390	457
Short-Term Investments	101	128	138	78	76	48	9.28	67	32	33	34
Accounts Receivable	82	247	294	213	235	214	198	148	144	192	164
Inventories, net	12	58	40	35	26	22	23	28	18	14	13
Prepaid Expenses	13	78	37	34	36	24	24	33	34	32	32
Current Deferred & Refundable Income Taxes	23	18	40	23	18	14	1.91	9.35	2.24	11	13
Plant, Property, & Equipment, net	24	62	61	53	59	58	48	41	35	26	22
Total Noncurrent Assets	308	2,790	2,686	2,564	2,410	2,403	2,314	2,231	2,168	1,896	1,452
Long-Term Investments	59	13	22	0.00	1.01	2.61	-	0.00	8.94	0.99	1.00
Goodwill	197	1,709	1,718	1,713	1,715	1,726	1,718	1,723	1,724	1,503	1,076
Intangible Assets	50	1,054	931	831	669	582	512	433	367	309	259
Noncurrent Deferred & Refundable Income Taxes	0.00	6.21	6.58	6.69	7.22	6.22	8.10	6.88	4.53	31	66
Other Noncurrent Operating Assets	1.70	7.36	7.71	13	17	86	77	68	64	53	49
Total Liabilities & Shareholders' Equity	669	3,593	3,602	3,369	3,270	3,121	3,085	3,195	2,821	2,595	2,187
Total Liabilities	233	1,149	1,165	1,300	1,205	1,183	1,079	1,134	791	703	626
Total Current Liabilities	188	457	460	413	380	399	411	476	454	395	408
Accounts Payable	13	44	37	30	25	20	18	22	16	15	18
Accrued Expenses	14	32	30	33	23	22	21	32	26	15	19
Current Deferred Revenue	123	297	311	302	273	270	270	331	312	302	302
Current Deferred & Payable Income Tax Liabilities	0.11	2.09	5.06	1.53	1.32	0.90	7.03	4.35	4.39	0.76	0.88
Current Employee Benefit Liabilities	37	82	78	47	59	76	83	76	83	51	57
Other Current Liabilities	-	-	-	-	-	10	12	11	12	12	11
Total Noncurrent Liabilities	46	692	705	887	825	784	668	658	337	308	218
Noncurrent Deferred Revenue	27	68	87	91	95	104	103	133	130	130	148
Noncurrent Deferred & Payable Income Tax Liabilities	11	285	278	152	124	114	92	79	25	4.37	2.64
Noncurrent Employee Benefit Liabilities	1.59	31	32	35	36	34	39	35	26	28	27
Other Noncurrent Operating Liabilities	6.48	7.54	8.77	8.31	19	81	83	61	57	45	41
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	436	2,443	2,436	2,069	2,065	1,938	2,006	2,060	2,030	1,892	1,560
Total Preferred & Common Equity	436	2,443	2,436	2,069	2,065	1,938	2,006	2,060	2,030	1,892	1,560
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	436	2,443	2,436	2,069	2,065	1,938	2,006	2,060	2,030	1,892	1,560
Common Stock	298	2,643	2,694	2,665	2,829	2,892	2,956	3,024	3,100	3,181	3,255
Retained Earnings	312	283	317	396	358	355	375	411	470	322	-44
Treasury Stock	-170	-481	-571	-996	-1,119	-1,306	-1,322	-1,374	-1,546	-1,615	-1,655
Accumulated Other Comprehensive Income / (Loss)	-4.65	-1.50	-3.47	2.90	-2.64	-3.16	-1.94	0.14	5.74	3.57	4.07

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

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2022	12/31/2022	6/30/2023	9/30/2023	12/31/2023	6/30/2024	9/30/2024	12/31/2024	6/30/2025	9/30/2025	12/31/2025
Total Assets	2,822	2,904	2,731	2,698	2,590	2,085	2,071	2,175	2,157	2,176	2,322
Total Current Assets	588	682	550	541	609	590	584	692	684	708	857
Cash & Equivalents	320	352	333	280	298	362	363	398	490	483	541
Short-Term Investments	47	57	52	49	31	44	38	29	43	33	32
Accounts Receivable	139	216	108	153	222	129	119	215	92	130	235
Inventories, net	24	19	18	16	15	15	16	14	13	12	12
Prepaid Expenses	28	29	27	30	28	26	32	27	31	34	29
Current Deferred & Refundable Income Taxes	30	8.78	11	14	15	13	15	8.80	15	15	7.92
Plant, Property, & Equipment, net	39	38	33	31	28	25	23	22	21	21	22
Total Noncurrent Assets	2,195	2,185	2,148	2,127	1,953	1,470	1,464	1,461	1,452	1,447	1,443
Long-Term Investments	-	6.91	5.88	3.96	1.01	1.00	1.01	1.02	11	10	13
Goodwill	1,733	1,726	1,724	1,722	1,552	1,077	1,073	1,079	1,070	1,070	1,069
Intangible Assets	394	382	352	336	324	295	286	270	250	238	227
Noncurrent Deferred & Refundable Income Taxes	6.23	6.69	4.61	4.47	20	48	55	63	73	79	85
Other Noncurrent Operating Assets	62	63	61	60	57	50	49	48	48	50	49
Total Liabilities & Shareholders' Equity	2,822	2,904	2,731	2,698	2,590	2,085	2,071	2,175	2,157	2,176	2,322
Total Liabilities	884	899	699	658	686	653	611	654	610	603	680
Total Current Liabilities	402	440	383	359	382	383	347	382	387	377	443
Accounts Payable	21	15	14	16	15	16	14	14	14	15	17
Accrued Expenses	27	22	19	18	18	12	15	17	20	22	19
Current Deferred Revenue	287	317	283	275	293	279	264	285	294	277	321
Current Deferred & Payable Income Tax Liabilities	0.57	1.68	1.60	1.60	1.60	0.76	0.76	0.76	0.88	0.88	0.98
Current Employee Benefit Liabilities	55	72	54	37	42	63	41	55	47	53	74
Other Current Liabilities	10	11	12	12	12	12	12	11	11	10	10
Total Noncurrent Liabilities	482	459	316	299	304	270	264	272	223	225	238
Noncurrent Deferred Revenue	123	128	122	119	125	121	116	127	152	151	166
Noncurrent Deferred & Payable Income Tax Liabilities	72	40	14	3.22	4.51	4.33	3.96	3.65	2.85	2.87	2.89
Noncurrent Employee Benefit Liabilities	31	34	26	25	26	28	29	27	29	30	30
Other Noncurrent Operating Liabilities	56	57	54	51	48	42	40	39	39	41	40
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	1,938	2,005	2,031	2,040	1,904	1,432	1,459	1,521	1,548	1,574	1,641
Total Preferred & Common Equity	1,938	2,005	2,031	2,040	1,904	1,432	1,459	1,521	1,548	1,574	1,641
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	1,938	2,005	2,031	2,040	1,904	1,432	1,459	1,521	1,548	1,574	1,641
Common Stock	3,016	3,078	3,119	3,143	3,158	3,202	3,221	3,235	3,275	3,293	3,306
Retained Earnings	421	473	466	487	355	-121	-112	-63	-48	-22	33
Treasury Stock	-1,498	-1,546	-1,560	-1,596	-1,615	-1,653	-1,654	-1,655	-1,683	-1,701	-1,702
Accumulated Other Comprehensive Income / (Loss)	-1.06	-0.35	5.80	5.38	5.87	3.40	4.15	3.12	4.34	3.95	3.98

This table displays calculated financial ratios and metrics derived from NetScout Systems' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.38%	110.60%	143.27%	-57.54%	-7.79%	-1.99%	-6.79%	2.92%	6.89%	-9.30%	-0.82%
EBITDA Growth	19.08%	-1.51%	95.30%	-34.15%	-54.79%	103.60%	3.18%	5.83%	9.04%	-144.14%	-392.44%
EBIT Growth	21.68%	-128.12%	325.17%	-112.98%	-819.25%	124.99%	80.83%	55.65%	45.61%	-297.26%	-153.93%
NOPAT Growth	26.73%	-128.68%	321.38%	-107.17%	-1,663.92%	49.61%	227.60%	26.26%	66.46%	-254.89%	-145.35%
Net Income Growth	24.61%	-146.36%	217.35%	139.74%	-191.87%	96.24%	802.69%	85.38%	66.27%	-347.68%	-148.37%
EPS Growth	25.64%	-123.81%	202.86%	150.00%	-203.33%	95.70%	750.00%	84.62%	70.83%	-352.44%	-147.34%
Operating Cash Flow Growth	-3.62%	-9.09%	133.27%	-1.90%	-32.64%	50.18%	-4.93%	38.37%	-47.08%	-62.46%	270.12%
Free Cash Flow Firm Growth	6.76%	-2,835.27%	107.12%	-70.09%	-10.83%	145.56%	45.41%	40.25%	-65.60%	-60.53%	739.94%
Invested Capital Growth	-10.23%	1,299.30%	-5.01%	-2.22%	-4.17%	-6.09%	-5.98%	-9.16%	-0.32%	-7.86%	-31.89%
Revenue Q/Q Growth	1.58%	21.11%	105.85%	-63.82%	7.77%	90.33%	-1.88%	-2.53%	1.88%	-0.56%	0.19%
EBITDA Q/Q Growth	4.33%	1.17%	23.61%	-24.25%	71.89%	-12.21%	0.25%	-14.88%	3.59%	-108.87%	16.37%
EBIT Q/Q Growth	4.38%	-396.67%	285.29%	-119.84%	33.83%	-47.05%	9.66%	-31.36%	11.58%	-29.55%	11.89%
NOPAT Q/Q Growth	7.88%	-151.51%	115.05%	-102.43%	33.93%	-231.09%	13.60%	-34.64%	10.16%	-34.72%	13.40%
Net Income Q/Q Growth	7.33%	-627.60%	352.02%	-6.44%	3.16%	-130.19%	26.89%	-35.61%	9.52%	-24.63%	12.21%
EPS Q/Q Growth	8.09%	-197.22%	550.00%	-6.25%	6.06%	-133.33%	44.44%	-36.84%	10.81%	-23.21%	12.18%
Operating Cash Flow Q/Q Growth	-0.53%	-8.47%	32.26%	-9.15%	4.75%	13.58%	-6.64%	27.37%	-21.50%	-24.56%	28.25%
Free Cash Flow Firm Q/Q Growth	2.55%	-0.88%	58.50%	-74.83%	775.50%	-13.51%	-3.28%	36.51%	-37.26%	-22.56%	16.13%
Invested Capital Q/Q Growth	-10.71%	-0.49%	-2.13%	-1.22%	-1.81%	-3.26%	-3.02%	-7.43%	-4.88%	-6.32%	-8.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	79.16%	65.62%	70.21%	72.45%	72.07%	72.84%	73.28%	74.97%	75.61%	77.41%	78.27%
EBITDA Margin	25.35%	11.86%	9.52%	14.76%	7.24%	15.04%	16.64%	17.11%	17.46%	-8.50%	-35.88%
Operating Margin	21.33%	-2.67%	2.67%	-0.41%	-7.87%	1.98%	4.47%	5.68%	8.49%	-18.06%	-44.68%
EBIT Margin	21.01%	-2.81%	2.60%	-0.79%	-7.91%	2.02%	3.91%	5.92%	8.06%	-17.54%	-44.90%
Profit (Net Income) Margin	13.49%	-2.97%	1.43%	8.09%	-8.06%	-0.31%	2.33%	4.19%	6.52%	-17.81%	-44.60%
Tax Burden Percent	64.44%	87.45%	63.79%	-427.74%	78.92%	-143.14%	86.76%	83.64%	87.19%	102.23%	100.31%
Interest Burden Percent	99.66%	121.04%	86.47%	238.18%	129.02%	10.69%	68.55%	84.69%	92.78%	99.35%	99.03%
Effective Tax Rate	35.56%	0.00%	36.21%	0.00%	0.00%	243.14%	13.24%	16.36%	12.81%	0.00%	0.00%
Return on Invested Capital (ROIC)	34.52%	-1.40%	1.70%	-0.13%	-2.30%	-1.22%	1.66%	2.27%	3.97%	-6.42%	-19.52%
ROIC Less NNEP Spread (ROIC-NNEP)	35.00%	5.22%	7.51%	-1,328.84%	-23.87%	35.07%	40.93%	4.27%	6.34%	6.73%	7.32%
Return on Net Nonoperating Assets (RNNOA)	-20.04%	-0.57%	-0.33%	3.67%	-1.24%	1.09%	-0.68%	-0.50%	-1.06%	-1.12%	-1.73%
Return on Equity (ROE)	14.48%	-1.97%	1.36%	3.54%	-3.55%	-0.14%	0.98%	1.76%	2.92%	-7.53%	-21.26%
Cash Return on Invested Capital (CROIC)	45.30%	-174.72%	6.84%	2.12%	1.95%	5.06%	7.83%	11.87%	4.29%	1.77%	18.42%
Operating Return on Assets (OROA)	14.93%	-1.26%	1.68%	-0.22%	-2.17%	0.56%	1.05%	1.61%	2.45%	-5.37%	-15.45%
Return on Assets (ROA)	9.59%	-1.33%	0.93%	2.29%	-2.21%	-0.09%	0.62%	1.14%	1.98%	-5.46%	-15.35%
Return on Common Equity (ROCE)	14.48%	-1.97%	1.36%	3.54%	-3.55%	-0.14%	0.98%	1.76%	2.92%	-7.53%	-21.26%
Return on Equity Simple (ROE_SIMPLE)	14.04%	-1.16%	1.37%	3.86%	-3.55%	-0.14%	0.96%	1.74%	2.94%	-7.81%	-23.51%
Net Operating Profit after Tax (NOPAT)	62	-18	40	-2.84	-50	-25	32	41	68	-105	-257
NOPAT Margin	13.75%	-1.87%	1.70%	-0.29%	-5.51%	-2.83%	3.88%	4.75%	7.40%	-12.64%	-31.28%
Net Nonoperating Expense Percent (NNEP)	-0.48%	-6.62%	-5.81%	1,328.71%	21.57%	-36.30%	-39.26%	-2.00%	-2.37%	-13.14%	-26.84%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	-16.49%
Cost of Revenue to Revenue	20.84%	34.38%	29.79%	27.55%	27.93%	27.16%	26.72%	25.03%	24.39%	22.59%	21.73%
SG&A Expenses to Revenue	10.43%	12.32%	5.10%	11.09%	10.28%	11.21%	10.70%	11.42%	11.32%	11.56%	11.76%
R&D to Revenue	16.59%	21.84%	10.01%	21.80%	22.37%	21.11%	21.55%	20.00%	19.26%	19.44%	18.58%
Operating Expenses to Revenue	57.83%	68.30%	-2.67%	72.86%	79.94%	70.87%	68.82%	69.28%	67.11%	95.47%	122.96%
Earnings before Interest and Taxes (EBIT)	95	-27	60	-7.83	-72	18	33	51	74	-145	-369
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	115	113	221	146	66	134	138	146	160	-70	-295
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.15	0.93	1.43	1.11	1.06	0.90	1.03	1.15	1.00	0.82	0.97
Price to Tangible Book Value (P/TBV)	9.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.25	6.69
Price to Revenue (P/Rev)	3.98	2.37	1.50	2.33	2.40	1.96	2.49	2.77	2.22	1.87	1.83
Price to Earnings (P/E)	29.54	0.00	2.09	28.81	0.00	0.00	106.86	66.02	34.08	0.00	0.00
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	3.39%	0.00%	47.81%	3.47%	0.00%	0.00%	0.94%	1.51%	2.93%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	9.03	0.93	1.46	1.10	1.06	0.91	1.03	1.18	1.00	0.78	0.95
Enterprise Value to Revenue (EV/Rev)	3.40	2.32	1.43	2.48	2.47	2.03	2.34	2.36	1.86	1.48	1.23
Enterprise Value to EBITDA (EV/EBITDA)	13.41	19.53	15.00	16.83	34.13	13.49	14.03	13.76	10.68	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	16.19	0.00	54.99	0.00	0.00	100.54	59.67	39.79	23.12	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	24.74	0.00	83.82	0.00	0.00	0.00	60.27	49.54	25.18	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	14.43	22.76	14.63	11.02	15.00	8.04	9.08	6.81	10.89	20.87	4.66
Enterprise Value to Free Cash Flow (EV/FCFF)	18.85	0.00	20.83	51.44	52.89	17.34	12.80	9.47	23.29	42.47	4.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.12	0.12	0.29	0.27	0.23	0.17	0.17	0.05	0.05	0.00
Long-Term Debt to Equity	0.00	0.12	0.12	0.29	0.27	0.23	0.17	0.17	0.05	0.05	0.00
Financial Leverage	-0.57	-0.11	-0.04	0.00	0.05	0.03	-0.02	-0.12	-0.17	-0.17	-0.24
Leverage Ratio	1.51	1.48	1.47	1.55	1.61	1.60	1.57	1.54	1.47	1.38	1.39
Compound Leverage Factor	1.51	1.79	1.27	3.69	2.07	0.17	1.08	1.31	1.36	1.37	1.37
Debt to Total Capital	0.00%	10.94%	10.96%	22.48%	21.03%	18.84%	14.86%	14.52%	4.70%	5.02%	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%	10.94%	10.96%	22.48%	21.03%	18.84%	14.86%	14.52%	4.70%	5.02%	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%	89.06%	89.04%	77.52%	78.97%	81.16%	85.14%	85.48%	95.30%	94.98%	100.00%
Debt to EBITDA	0.00	2.65	1.36	4.12	8.35	3.36	2.53	2.39	0.63	-1.42	0.00
Net Debt to EBITDA	0.00	-0.46	-0.74	1.05	0.96	0.45	-0.91	-2.41	-2.05	4.60	0.00
Long-Term Debt to EBITDA	0.00	2.65	1.36	4.12	8.35	3.36	2.53	2.39	0.63	-1.42	0.00
Debt to NOPAT	0.00	-16.77	7.58	-211.22	-10.98	-17.82	10.86	8.60	1.48	-0.95	0.00
Net Debt to NOPAT	0.00	2.91	-4.16	-53.59	-1.26	-2.41	-3.93	-8.68	-4.84	3.09	0.00
Long-Term Debt to NOPAT	0.00	-16.77	7.58	-211.22	-10.98	-17.82	10.86	8.60	1.48	-0.95	0.00
Altman Z-Score	6.72	1.63	2.75	1.63	1.60	1.45	1.75	1.92	2.26	1.76	1.40
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	1.80	1.62	1.86	1.82	2.11	1.65	1.76	1.94	1.36	1.70	1.75
Quick Ratio	1.54	1.28	1.60	1.60	1.90	1.50	1.64	1.79	1.24	1.56	1.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	82	-2,238	159	48	42	104	152	213	73	29	243
Operating Cash Flow to CapEx	834.89%	368.11%	728.75%	1,386.01%	636.90%	1,129.52%	1,784.76%	2,860.03%	1,493.75%	928.06%	4,025.71%
Free Cash Flow to Firm to Interest Expense	105.86	-353.66	17.35	3.77	1.63	5.07	13.95	26.44	7.14	3.34	33.90
Operating Cash Flow to Interest Expense	138.34	15.36	24.69	17.61	5.73	10.93	19.66	36.78	15.29	6.80	30.40
Operating Cash Flow Less CapEx to Interest Expense	121.77	11.19	21.30	16.34	4.83	9.96	18.56	35.49	14.26	6.07	29.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.71	0.45	0.65	0.28	0.27	0.28	0.27	0.27	0.30	0.31	0.34
Accounts Receivable Turnover	6.36	5.80	8.58	3.89	4.06	3.97	4.04	4.95	6.26	4.94	4.63
Inventory Turnover	7.65	9.36	14.12	7.27	8.33	9.99	9.86	8.39	9.66	11.69	13.25
Fixed Asset Turnover	19.32	22.25	37.66	17.33	16.33	15.29	15.66	19.05	24.04	27.10	34.27
Accounts Payable Turnover	7.68	11.52	17.01	8.05	9.29	10.86	11.70	10.73	11.61	12.10	10.93
Days Sales Outstanding (DSO)	57.42	62.93	42.52	93.92	90.01	91.85	90.28	73.80	58.29	73.92	78.92
Days Inventory Outstanding (DIO)	47.69	38.98	25.84	50.19	43.84	36.54	37.01	43.48	37.77	31.21	27.55
Days Payable Outstanding (DPO)	47.51	31.70	21.45	45.33	39.29	33.60	31.20	34.02	31.44	30.17	33.40
Cash Conversion Cycle (CCC)	57.60	70.21	46.92	98.77	94.55	94.80	96.09	83.26	64.63	74.96	73.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	171	2,391	2,272	2,221	2,128	1,999	1,879	1,707	1,702	1,568	1,068
Invested Capital Turnover	2.51	0.75	1.00	0.44	0.42	0.43	0.43	0.48	0.54	0.51	0.62
Increase / (Decrease) in Invested Capital	-19	2,220	-120	-50	-93	-130	-120	-172	-5.49	-134	-500
Enterprise Value (EV)	1,543	2,212	3,319	2,452	2,248	1,809	1,942	2,015	1,705	1,227	1,015
Market Capitalization	1,807	2,264	3,483	2,299	2,185	1,748	2,068	2,368	2,033	1,551	1,508
Book Value per Share	$10.57	$24.79	$26.54	$23.71	$26.54	$26.24	$27.31	$27.91	$28.60	$26.64	$21.75
Tangible Book Value per Share	$4.56	($3.25)	($2.32)	($5.45)	($4.10)	($5.01)	($3.05)	($1.30)	($0.86)	$1.13	$3.14
Total Capital	436	2,743	2,736	2,669	2,615	2,388	2,356	2,410	2,130	1,992	1,560
Total Debt	0.00	300	300	600	550	450	350	350	100	100	0.00
Total Long-Term Debt	0.00	300	300	600	550	450	350	350	100	100	0.00
Net Debt	-265	-52	-165	152	63	61	-126	-353	-328	-324	-492
Capital Expenditures (CapEx)	13	26	31	16	24	20	12	10	10	6.34	5.41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-57	-55	-48	-109	-65	-126	-165	-257	-255	-146	-186
Debt-free Net Working Capital (DFNWC)	150	283	394	339	421	261	311	446	164	277	305
Net Working Capital (NWC)	150	283	394	339	421	261	311	446	164	277	305
Net Nonoperating Expense (NNE)	1.17	10	6.30	-83	23	-22	13	4.80	8.06	43	110
Net Nonoperating Obligations (NNO)	-265	-52	-165	152	63	61	-126	-353	-328	-324	-492
Total Depreciation and Amortization (D&A)	20	140	161	154	138	116	106	96	86	75	74
Debt-free, Cash-free Net Working Capital to Revenue	-12.48%	-5.79%	-2.09%	-11.01%	-7.11%	-14.10%	-19.88%	-30.09%	-27.91%	-17.57%	-22.64%
Debt-free Net Working Capital to Revenue	32.99%	29.66%	16.96%	34.36%	46.30%	29.24%	37.44%	52.10%	17.91%	33.45%	37.10%
Net Working Capital to Revenue	32.99%	29.66%	16.96%	34.36%	46.30%	29.24%	37.44%	52.10%	17.91%	33.45%	37.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.49	($0.35)	$0.36	$0.91	($0.93)	($0.04)	$0.26	$0.48	$0.83	($2.07)	($5.12)
Adjusted Weighted Average Basic Shares Outstanding	41.11M	81.93M	92.23M	87.43M	78.62M	75.16M	73.10M	74.02M	71.78M	71.47M	71.63M
Adjusted Diluted Earnings per Share	$1.47	($0.35)	$0.36	$0.90	($0.93)	($0.04)	$0.26	$0.48	$0.82	($2.07)	($5.12)
Adjusted Weighted Average Diluted Shares Outstanding	41.64M	81.93M	92.92M	88.26M	78.62M	75.16M	73.82M	75.08M	73.05M	71.47M	71.63M
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	40.76M	93.76M	91.72M	80.27M	77.46M	144.44M	73.75M	74.12M	71.25M	71.42M	71.33M
Normalized Net Operating Profit after Tax (NOPAT)	62	-18	42	0.81	-12	14	32	41	69	47	56
Normalized NOPAT Margin	13.75%	-1.84%	1.81%	0.08%	-1.31%	1.59%	3.88%	4.75%	7.57%	5.69%	6.80%
Pre Tax Income Margin	20.93%	-3.40%	2.25%	-1.89%	-10.21%	0.22%	2.68%	5.01%	7.48%	-17.42%	-44.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	123.28	-4.23	6.57	-0.62	-2.75	0.87	2.99	6.29	7.20	-16.81	-51.59
NOPAT to Interest Expense	80.67	-2.83	4.31	-0.22	-1.92	-1.23	2.96	5.05	6.61	-12.12	-35.94
EBIT Less CapEx to Interest Expense	106.71	-8.41	3.18	-1.89	-3.65	-0.09	1.89	5.01	6.17	-17.55	-52.34
NOPAT Less CapEx to Interest Expense	64.10	-7.00	0.92	-1.50	-2.82	-2.19	1.86	3.77	5.58	-12.86	-36.69
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	84.51%	-1,067.31%	240.29%	628.13%	-19.73%	-6,354.39%	16.92%	99.38%	251.54%	-33.84%	-6.88%

This table displays calculated financial ratios and metrics derived from NetScout Systems' 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	6/30/2023	9/30/2023	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.11%	-13.71%	-19.10%	-2.23%	-17.32%	-2.89%	15.57%	0.76%	6.98%	14.60%	-0.53%
EBITDA Growth	30.04%	15.70%	-234.78%	-171.85%	-2,741.60%	-37.83%	167.38%	372.48%	102.60%	48.95%	5.21%
EBIT Growth	37.86%	30.07%	-315.53%	-13,823.33%	-8,126.61%	-57.33%	143.01%	149.10%	98.76%	144.13%	10.95%
NOPAT Growth	48.56%	6.98%	-269.96%	-2,357.39%	-9,768.46%	-49.64%	155.78%	178.59%	98.58%	158.50%	1.42%
Net Income Growth	41.11%	23.47%	-351.96%	-906.49%	-10,456.57%	-57.94%	136.82%	157.43%	99.17%	186.12%	12.97%
EPS Growth	40.00%	20.83%	-359.72%	-975.00%	-10,233.33%	-55.17%	135.83%	165.12%	99.19%	169.23%	11.94%
Operating Cash Flow Growth	-78.64%	-360.20%	-69.85%	-16.99%	271.80%	85.86%	196.83%	51.23%	91.40%	278.44%	49.75%
Free Cash Flow Firm Growth	-109.77%	-113.18%	-80.96%	1,526.66%	2,789.78%	4,364.56%	2,554.10%	382.31%	-71.20%	-83.56%	-70.31%
Invested Capital Growth	0.49%	2.07%	-6.44%	-7.86%	-36.82%	-37.33%	-30.24%	-31.89%	-8.71%	-7.58%	-9.64%
Revenue Q/Q Growth	1.46%	-6.79%	10.81%	-6.71%	-14.19%	9.48%	31.87%	-18.66%	-8.90%	17.28%	14.46%
EBITDA Q/Q Growth	-22.82%	195.41%	-330.82%	86.66%	-2,737.86%	106.95%	150.15%	-54.41%	-67.21%	298.36%	76.70%
EBIT Q/Q Growth	-2,203.75%	590.85%	-592.48%	75.00%	-1,261.17%	102.55%	396.43%	-71.46%	-134.28%	602.72%	125.61%
NOPAT Q/Q Growth	-386.63%	724.94%	-558.22%	72.50%	-1,153.04%	103.19%	407.59%	-61.26%	-122.59%	681.89%	99.14%
Net Income Q/Q Growth	-30.39%	611.00%	-717.73%	75.55%	-1,267.64%	102.04%	440.71%	-61.86%	-119.76%	802.04%	113.50%
EPS Q/Q Growth	-50.00%	583.33%	-744.83%	77.01%	-1,341.86%	102.10%	415.38%	-58.21%	-117.86%	800.00%	114.29%
Operating Cash Flow Q/Q Growth	-119.84%	-17.86%	152.97%	570.14%	-58.93%	-109.70%	1,211.56%	241.43%	-48.03%	-90.95%	832.87%
Free Cash Flow Firm Q/Q Growth	-277.45%	-36.47%	231.04%	412.61%	193.42%	116.36%	-18.44%	-6.85%	-82.48%	23.49%	47.29%
Invested Capital Q/Q Growth	2.29%	3.81%	-7.38%	-6.32%	-29.86%	2.97%	3.10%	-8.54%	-5.98%	4.24%	0.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.13%	78.12%	80.00%	75.26%	74.58%	77.99%	81.50%	77.71%	76.75%	80.09%	81.64%
EBITDA Margin	7.81%	24.77%	-51.59%	-7.55%	-249.67%	15.86%	30.08%	16.86%	6.07%	20.61%	31.81%
Operating Margin	-2.22%	13.36%	-61.65%	-18.18%	-265.42%	7.39%	24.49%	9.70%	-3.51%	14.83%	25.66%
EBIT Margin	-2.62%	13.79%	-61.29%	-16.43%	-260.56%	6.06%	22.81%	8.00%	-3.01%	12.91%	25.45%
Profit (Net Income) Margin	-1.99%	10.91%	-60.80%	-15.94%	-253.99%	4.72%	19.37%	9.08%	-1.97%	11.79%	22.00%
Tax Burden Percent	78.74%	78.12%	99.15%	98.44%	97.73%	73.24%	85.07%	102.29%	130.09%	82.30%	82.79%
Interest Burden Percent	96.47%	101.23%	100.05%	98.55%	99.75%	106.43%	99.80%	110.93%	50.28%	111.00%	104.42%
Effective Tax Rate	0.00%	21.88%	0.00%	0.00%	0.00%	26.76%	14.93%	-2.29%	0.00%	17.70%	17.21%
Return on Invested Capital (ROIC)	-0.82%	5.17%	-20.79%	-6.46%	-103.72%	2.90%	12.04%	6.19%	-1.95%	9.67%	16.46%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.43%	4.70%	-3.56%	-4.45%	-65.48%	3.37%	13.31%	6.62%	-2.16%	9.88%	16.06%
Return on Net Nonoperating Assets (RNNOA)	0.05%	-0.47%	0.41%	0.74%	11.77%	-0.54%	-2.27%	-1.56%	0.64%	-2.78%	-4.77%
Return on Equity (ROE)	-0.77%	4.69%	-20.39%	-5.72%	-91.95%	2.36%	9.77%	4.63%	-1.32%	6.89%	11.69%
Cash Return on Invested Capital (CROIC)	3.53%	1.92%	2.16%	1.77%	15.14%	16.34%	14.71%	18.42%	16.36%	16.37%	18.52%
Operating Return on Assets (OROA)	-0.87%	4.42%	-18.61%	-5.03%	-85.79%	2.00%	7.86%	2.75%	-1.19%	5.25%	9.75%
Return on Assets (ROA)	-0.66%	3.50%	-18.46%	-4.88%	-83.63%	1.56%	6.68%	3.13%	-0.78%	4.79%	8.43%
Return on Common Equity (ROCE)	-0.77%	4.69%	-20.39%	-5.72%	-91.95%	2.36%	9.77%	4.63%	-1.32%	6.89%	11.69%
Return on Equity Simple (ROE_SIMPLE)	3.08%	3.27%	-6.23%	0.00%	-40.99%	-41.07%	-27.49%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.29	21	-94	-26	-324	10	53	20	-4.59	27	53
NOPAT Margin	-1.56%	10.44%	-43.16%	-12.72%	-185.79%	5.41%	20.83%	9.92%	-2.46%	12.21%	21.24%
Net Nonoperating Expense Percent (NNEP)	-0.39%	0.46%	-17.24%	-2.00%	-38.24%	-0.47%	-1.27%	-0.42%	0.21%	-0.21%	0.40%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-4.70%	-	-	-	3.29%	1.30%	-0.30%	1.70%	3.24%
Cost of Revenue to Revenue	23.87%	21.88%	20.00%	24.74%	25.42%	22.01%	18.50%	22.29%	23.25%	19.91%	18.36%
SG&A Expenses to Revenue	13.36%	11.51%	10.60%	10.77%	14.65%	12.42%	9.32%	11.67%	14.92%	11.99%	9.63%
R&D to Revenue	21.56%	17.84%	16.98%	21.41%	24.33%	18.79%	14.98%	17.92%	21.31%	18.39%	15.81%
Operating Expenses to Revenue	78.35%	64.76%	141.65%	93.43%	340.00%	70.60%	57.02%	68.01%	80.26%	65.26%	55.98%
Earnings before Interest and Taxes (EBIT)	-5.53	27	-134	-33	-455	12	57	16	-5.62	28	64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16	49	-112	-15	-436	30	76	35	11	45	80
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.09	0.99	0.82	0.82	0.91	1.06	1.02	0.97	1.14	1.18	1.19
Price to Tangible Book Value (P/TBV)	0.00	0.00	54.75	19.25	21.77	15.45	9.06	6.69	7.78	6.99	5.66
Price to Revenue (P/Rev)	2.41	2.28	1.87	1.87	1.65	1.97	1.89	1.83	2.12	2.15	2.27
Price to Earnings (P/E)	35.24	30.33	0.00	0.00	0.00	0.00	0.00	0.00	24.32	20.73	20.37
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	2.84%	3.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.11%	4.82%	4.91%
Enterprise Value to Invested Capital (EV/IC)	1.10	0.99	0.79	0.78	0.89	1.08	1.03	0.95	1.22	1.27	1.30
Enterprise Value to Revenue (EV/Rev)	2.09	2.02	1.59	1.48	1.23	1.56	1.46	1.23	1.47	1.54	1.59
Enterprise Value to EBITDA (EV/EBITDA)	11.90	10.85	0.00	0.00	0.00	0.00	0.00	0.00	8.07	7.97	8.01
Enterprise Value to EBIT (EV/EBIT)	24.83	21.46	0.00	0.00	0.00	0.00	0.00	0.00	15.35	13.77	13.30
Enterprise Value to NOPAT (EV/NOPAT)	27.42	25.20	0.00	0.00	0.00	0.00	0.00	0.00	16.08	14.38	14.68
Enterprise Value to Operating Cash Flow (EV/OCF)	13.04	16.22	17.04	20.87	8.14	8.61	7.07	4.66	4.85	5.05	4.82
Enterprise Value to Free Cash Flow (EV/FCFF)	31.21	52.00	35.60	42.47	4.53	5.10	5.74	4.18	7.13	7.45	6.65
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.00	0.00	0.00	0.00
Financial Leverage	-0.12	-0.10	-0.11	-0.17	-0.18	-0.16	-0.17	-0.24	-0.29	-0.28	-0.30
Leverage Ratio	1.41	1.39	1.41	1.38	1.39	1.36	1.39	1.39	1.42	1.40	1.42
Compound Leverage Factor	1.36	1.40	1.41	1.36	1.39	1.45	1.39	1.54	0.72	1.55	1.49
Debt to Total Capital	4.69%	4.67%	4.99%	5.02%	4.98%	4.89%	4.70%	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	4.69%	4.67%	4.99%	5.02%	4.98%	4.89%	4.70%	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	95.31%	95.33%	95.01%	94.98%	95.02%	95.11%	95.30%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.62	0.61	-2.96	-1.42	-0.14	-0.14	-0.21	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-1.81	-1.41	6.82	4.60	0.64	0.60	1.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.62	0.61	-2.96	-1.42	-0.14	-0.14	-0.21	0.00	0.00	0.00	0.00
Debt to NOPAT	1.43	1.41	-1.28	-0.95	-0.18	-0.17	-0.25	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-4.16	-3.28	2.96	3.09	0.78	0.75	1.19	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	1.43	1.41	-1.28	-0.95	-0.18	-0.17	-0.25	0.00	0.00	0.00	0.00
Altman Z-Score	2.53	2.54	1.81	1.90	0.90	1.98	2.02	1.98	2.25	2.46	2.42
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	1.43	1.51	1.59	1.70	1.54	1.68	1.81	1.75	1.77	1.88	1.94
Quick Ratio	1.29	1.34	1.44	1.56	1.40	1.50	1.68	1.61	1.61	1.71	1.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-12	-16	21	108	317	685	559	520	91	113	166
Operating Cash Flow to CapEx	-1,142.97%	-1,710.77%	1,118.01%	5,859.61%	3,030.60%	-422.79%	2,229.69%	10,123.10%	3,916.51%	297.98%	2,205.08%
Free Cash Flow to Firm to Interest Expense	-5.62	-7.39	9.53	49.58	162.76	380.31	210.88	680.21	219.73	267.46	363.70
Operating Cash Flow to Interest Expense	-10.69	-12.13	6.32	43.00	19.76	-2.07	15.65	184.99	177.23	15.81	136.13
Operating Cash Flow Less CapEx to Interest Expense	-11.62	-12.84	5.76	42.27	19.11	-2.56	14.95	183.17	172.71	10.50	129.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.32	0.30	0.31	0.33	0.33	0.34	0.34	0.39	0.41	0.38
Accounts Receivable Turnover	8.29	6.07	3.81	4.94	6.68	5.80	3.77	4.63	7.54	6.94	3.84
Inventory Turnover	10.45	10.07	11.07	11.69	10.85	11.17	12.33	13.25	12.68	12.47	13.33
Fixed Asset Turnover	24.94	25.53	25.45	27.10	27.29	29.22	32.84	34.27	35.99	38.75	39.18
Accounts Payable Turnover	12.60	10.86	12.30	12.10	11.96	12.24	12.72	10.93	11.87	12.53	11.56
Days Sales Outstanding (DSO)	44.03	60.12	95.70	73.92	54.68	62.88	96.94	78.92	48.41	52.63	95.15
Days Inventory Outstanding (DIO)	34.92	36.26	32.97	31.21	33.65	32.67	29.61	27.55	28.78	29.28	27.38
Days Payable Outstanding (DPO)	28.97	33.60	29.69	30.17	30.52	29.82	28.69	33.40	30.75	29.12	31.59
Cash Conversion Cycle (CCC)	49.98	62.78	98.99	74.96	57.80	65.73	97.86	73.07	46.45	52.78	90.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,741	1,807	1,674	1,568	1,100	1,133	1,168	1,068	1,004	1,047	1,055
Invested Capital Turnover	0.53	0.50	0.48	0.51	0.56	0.54	0.58	0.62	0.79	0.79	0.78
Increase / (Decrease) in Invested Capital	8.48	37	-115	-134	-641	-675	-506	-500	-96	-86	-113
Enterprise Value (EV)	1,915	1,789	1,328	1,227	974	1,224	1,200	1,015	1,226	1,330	1,367
Market Capitalization	2,205	2,022	1,558	1,551	1,306	1,551	1,553	1,508	1,770	1,857	1,954
Book Value per Share	$28.51	$28.27	$26.82	$26.64	$20.05	$20.46	$21.20	$21.75	$21.70	$21.89	$22.73
Tangible Book Value per Share	($0.63)	($0.26)	$0.40	$1.13	$0.84	$1.41	$2.39	$3.14	$3.19	$3.70	$4.78
Total Capital	2,131	2,140	2,004	1,992	1,507	1,534	1,596	1,560	1,548	1,574	1,641
Total Debt	100	100	100	100	75	75	75	0.00	0.00	0.00	0.00
Total Long-Term Debt	100	100	100	100	75	75	75	0.00	0.00	0.00	0.00
Net Debt	-290	-233	-230	-324	-332	-327	-353	-492	-544	-527	-586
Capital Expenditures (CapEx)	1.96	1.54	1.25	1.60	1.27	0.88	1.86	1.40	1.88	2.23	2.82
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-218	-147	-102	-146	-199	-164	-117	-186	-236	-186	-159
Debt-free Net Working Capital (DFNWC)	166	181	227	277	207	237	310	305	297	331	414
Net Working Capital (NWC)	166	181	227	277	207	237	310	305	297	331	414
Net Nonoperating Expense (NNE)	0.91	-0.92	38	6.54	119	1.32	3.69	1.72	-0.92	0.91	-1.90
Net Nonoperating Obligations (NNO)	-290	-233	-230	-324	-332	-327	-353	-492	-544	-527	-586
Total Depreciation and Amortization (D&A)	22	22	21	18	19	19	18	18	17	17	16
Debt-free, Cash-free Net Working Capital to Revenue	-23.79%	-16.62%	-12.23%	-17.57%	-25.14%	-20.87%	-14.19%	-22.64%	-28.22%	-21.59%	-18.43%
Debt-free Net Working Capital to Revenue	18.16%	20.48%	27.22%	33.45%	26.09%	30.06%	37.80%	37.10%	35.57%	38.32%	48.09%
Net Working Capital to Revenue	18.16%	20.48%	27.22%	33.45%	26.09%	30.06%	37.80%	37.10%	35.57%	38.32%	48.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.06)	$0.30	($1.87)	($0.44)	($6.20)	$0.13	$0.68	$0.27	($0.05)	$0.36	$0.76
Adjusted Weighted Average Basic Shares Outstanding	71.54M	72.11M	71.08M	71.47M	71.47M	71.45M	71.74M	71.63M	71.73M	72.08M	72.21M
Adjusted Diluted Earnings per Share	($0.06)	$0.29	($1.87)	($0.43)	($6.20)	$0.13	$0.67	$0.28	($0.05)	$0.35	$0.75
Adjusted Weighted Average Diluted Shares Outstanding	71.54M	72.80M	71.08M	71.47M	71.47M	71.84M	72.57M	71.63M	71.73M	72.92M	73.82M
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	72.15M	71.00M	71.04M	71.42M	71.32M	71.72M	71.75M	71.33M	71.88M	72.19M	72.22M
Normalized Net Operating Profit after Tax (NOPAT)	-3.29	21	23	-26	-14	12	53	14	-4.22	27	53
Normalized NOPAT Margin	-1.56%	10.44%	10.48%	-12.72%	-7.94%	6.34%	21.14%	7.00%	-2.26%	12.32%	21.25%
Pre Tax Income Margin	-2.53%	13.96%	-61.32%	-16.19%	-259.90%	6.45%	22.77%	8.88%	-1.51%	14.33%	26.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.64	12.48	-60.53	-15.36	-233.86	6.43	21.70	21.45	-13.55	67.16	139.88
NOPAT to Interest Expense	-1.57	9.45	-42.62	-11.89	-166.75	5.74	19.82	26.59	-11.07	63.51	116.76
EBIT Less CapEx to Interest Expense	-3.58	11.77	-61.10	-16.09	-234.51	5.94	21.00	19.62	-18.08	61.85	133.71
NOPAT Less CapEx to Interest Expense	-2.51	8.74	-43.19	-12.63	-167.40	5.25	19.12	24.76	-15.60	58.20	110.59
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	0.00%	46.71%	-42.18%	-33.84%	-12.78%	-7.36%	-6.04%	-6.88%	20.98%	35.24%	32.91%

Financials Breakdown Chart

Key Financial Trends

Here are concise four-year trends for NetScout Systems (NTCT), focusing on quarterly cash flow, income statements, and balance sheets. The highlights emphasize where the company shows improving profitability and liquidity, versus areas of volatility or potential risk.

Strong cash balance: Cash & Equivalents were about $540.6M at the latest quarter (Q3 2026 balance sheet), supporting liquidity and optionality.
Net income from continuing operations rising in recent quarters: Q3 2026 net income from continuing ops was $55.1M; Q2 2026 was $25.8M, and Q4 2025 was $18.6M, indicating an improving earnings trend alongside continued profitability.
Gross margin expansion to the ~80% range: Q3 2026 gross profit was $204.7M on $250.7M revenue (about 81.6% gross margin), versus ~64–65% in mid-2024, signaling improved product mix or cost discipline.
Operating income remains positive and growing: Q3 2026 total operating income was $64.3M, consistent with ongoing profitability improvements.
Solid quarterly operating cash flow: Net cash from continuing operating activities in Q3 2026 was $62.1M, illustrating strong cash generation from core operations.
Earnings can be volatile quarter to quarter: pockets of negative results appear (e.g., Q1 2026 net income of about $-3.7M; Q1 2025 restated figures show substantial swings), suggesting periodic noise from one-time items or non-operational factors.
Balance sheet composition shows substantial goodwill and intangibles: Goodwill around $1.07B and intangible assets around hundreds of millions at the latest quarter, which could merit attention if growth slows or impairments arise.
Working capital and asset turnover show quarterly swings: Changes in operating assets and liabilities net vary meaningfully by quarter (e.g., Q3 2026 shows a sizable net change), reflecting working capital dynamics rather than a single steady pattern.
Share repurchases are modest and episodic: Buybacks occurred in several quarters (e.g., mid-2026) but the amounts are relatively small, indicating a limited ongoing buyback program.
One-time impairment in 2025 Q1: A large impairment charge (one-off item) weighed on earnings in that period, dampening near-term profitability compared with other quarters.

05/14/26 02:25 AM ETAI Generated. May Contain Errors.

NetScout Systems Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NetScout Systems' fiscal year ends in March. Their fiscal year 2025 ended on March 31, 2025.

NetScout Systems' net income appears to be on an upward trend, with a most recent value of -$366.92 million in 2025, falling from $61.19 million in 2015. The previous period was -$147.73 million in 2024. Check out NetScout Systems' forecast to explore projected trends and price targets.

NetScout Systems' total operating income in 2025 was -$367.60 million, based on the following breakdown:

Total Gross Profit: $643.94 million
Total Operating Expenses: $1.01 billion

Over the last 10 years, NetScout Systems' total revenue changed from $453.67 million in 2015 to $822.68 million in 2025, a change of 81.3%.

NetScout Systems' total liabilities were at $626.18 million at the end of 2025, a 11.0% decrease from 2024, and a 168.4% increase since 2015.

In the past 10 years, NetScout Systems' cash and equivalents has ranged from $104.89 million in 2015 to $636.16 million in 2022, and is currently $457.42 million as of their latest financial filing in 2025.

Over the last 10 years, NetScout Systems' book value per share changed from 10.57 in 2015 to 21.75 in 2025, a change of 105.7%.

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Financial statements for NASDAQ:NTCT last updated on 2/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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NetScout Systems (NTCT) Financials

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NetScout Systems (NTCT) Financials

Annual Income Statements for NetScout Systems

Quarterly Income Statements for NetScout Systems

Annual Cash Flow Statements for NetScout Systems

Quarterly Cash Flow Statements for NetScout Systems

Annual Balance Sheets for NetScout Systems

Quarterly Balance Sheets for NetScout Systems

Annual Metrics And Ratios for NetScout Systems

Quarterly Metrics And Ratios for NetScout Systems

Financials Breakdown Chart

Key Financial Trends

NetScout Systems Financials - Frequently Asked Questions

When does NetScout Systems' financial year end?

How has NetScout Systems' net income changed over the last 10 years?

What is NetScout Systems' operating income?

How has NetScout Systems' revenue changed over the last 10 years?

How much debt does NetScout Systems have?

How much cash does NetScout Systems have?

How has NetScout Systems' book value per share changed over the last 10 years?

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