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NetScout Systems (NTCT) Financials

NetScout Systems logo
$42.45 -0.98 (-2.25%)
As of 02:31 PM Eastern
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Annual Income Statements for NetScout Systems

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -28 1,665 80 -73 -2.75 19 36 60 -148 -367 96
Consolidated Net Income / (Loss)		 -28 33 80 -73 -2.75 19 36 60 -148 -367 96
Net Income / (Loss) Continuing Operations		 -28 1,665 80 -73 -2.75 19 36 60 -148 -367 96
Total Pre-Tax Income 		-32 52 -19 -93 1.92 22 43 68 -145 -366 119
Total Operating Income		 -26 62 -4.06 -72 18 37 49 78 -150 -368 110
Total Gross Profit		 627 1,632 715 656 650 609 641 691 642 644 682
Total Revenue		 955 2,324 987 910 892 831 856 915 829 823 859
Operating Revenue		 955 2,324 987 910 892 831 856 915 829 823 859
Total Cost of Revenue		 328 692 272 254 242 222 214 223 187 179 177
Operating Cost of Revenue		 328 692 272 254 242 - 214 223 187 179 177
Total Operating Expenses		 653 -62 719 727 632 572 593 614 792 1,012 573
Selling, General & Admin Expense		 118 118 109 94 100 89 98 104 96 97 103
Marketing Expense		 293 329 313 292 277 243 264 277 271 268 265
Research & Development Expense		 209 233 215 204 188 179 171 176 161 153 159
Amortization Expense		 32 70 77 74 65 61 60 55 50 46 45
Other Operating Expenses / (Income)		 - 816 0.00 9.47 - - 0.00 0.00 -3.81 0.00 0.00
Impairment Charge		 - 0.00 0.00 36 - - 0.00 0.00 217 427 0.00
Restructuring Charge		 0.47 4.00 5.21 19 2.67 0.06 0.00 1.78 0.00 21 0.88
Total Other Income / (Expense), net		 -6.89 -9.88 -15 -21 -16 -15 -5.74 -9.25 5.32 1.81 8.68
Interest Expense		 6.33 9.18 13 26 21 11 8.05 10 8.65 7.16 1.71
Interest & Investment Income		 0.69 1.02 1.81 5.25 4.53 0.65 0.30 4.92 9.60 11 14
Other Income / (Expense), net		 -1.25 -1.72 -3.78 -0.43 0.36 -4.59 2.01 -3.92 4.37 -1.77 -3.44
Income Tax Expense		 -4.07 19 -98 -20 4.68 2.95 7.02 8.77 3.22 1.13 23
Basic Earnings per Share		 ($0.35) $0.36 $0.91 ($0.93) ($0.04) $0.26 $0.48 $0.83 ($2.07) ($5.12) $1.33
Weighted Average Basic Shares Outstanding		 81.93M 92.23M 87.43M 78.62M 75.16M 73.10M 74.02M 71.78M 71.47M 71.63M 71.98M
Diluted Earnings per Share		 ($0.35) $0.36 $0.90 ($0.93) ($0.04) $0.26 $0.48 $0.82 ($2.07) ($5.12) $1.30
Weighted Average Diluted Shares Outstanding		 81.93M 92.92M 88.26M 78.62M 75.16M 73.82M 75.08M 73.05M 71.47M 71.63M 73.36M
Weighted Average Basic & Diluted Shares Outstanding		 81.10M 92.50M 87.70M 64.30M 144.44M 73.75M 74.12M 71.25M 71.42M 71.33M 71.50M

Quarterly Income Statements for NetScout Systems

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 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 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 21 -133 -32 -443 9.03 49 19 -3.68 26 55 18
Consolidated Net Income / (Loss)		 21 -133 -32 -443 9.03 49 19 -3.68 26 55 18
Net Income / (Loss) Continuing Operations		 21 -133 -32 -443 9.03 49 19 -3.68 26 55 18
Total Pre-Tax Income 		27 -134 -33 -454 12 57 18 -2.83 31 67 23
Total Operating Income		 26 -134 -37 -463 14 62 20 -6.56 32 64 20
Total Gross Profit		 154 174 153 130 149 205 159 143 175 205 159
Total Revenue		 197 218 203 175 191 252 205 187 219 251 203
Operating Revenue		 197 218 203 175 191 252 205 187 219 251 203
Total Cost of Revenue		 43 44 50 44 42 47 46 43 44 46 44
Operating Cost of Revenue		 43 44 50 44 42 47 46 43 44 46 44
Total Operating Expenses		 127 309 190 594 135 144 139 150 143 140 140
Selling, General & Admin Expense		 23 23 22 26 24 23 24 28 26 24 25
Marketing Expense		 61 69 62 70 61 70 67 71 65 65 64
Research & Development Expense		 35 37 44 42 36 38 37 40 40 40 40
Amortization Expense		 13 13 13 12 12 12 12 11 11 11 11
Restructuring Charge		 0.00 0.00 - 17 2.41 0.92 0.61 0.53 0.30 0.03 0.03
Total Other Income / (Expense), net		 1.18 0.73 4.04 9.63 -1.80 -4.34 -1.69 3.74 -1.10 2.29 3.76
Interest Expense		 2.17 2.21 2.18 1.95 1.80 2.65 0.77 0.42 0.42 0.46 0.41
Interest & Investment Income		 2.51 2.15 2.66 3.10 2.55 2.53 2.56 3.21 3.53 3.28 3.81
Other Income / (Expense), net		 0.85 0.79 3.56 8.48 -2.54 -4.22 -3.48 0.94 -4.21 -0.53 0.36
Income Tax Expense		 6.01 -1.14 -0.51 -10 3.30 8.57 -0.42 0.85 5.55 11 5.11
Basic Earnings per Share		 $0.30 ($1.87) ($0.44) ($6.20) $0.13 $0.68 $0.27 ($0.05) $0.36 $0.76 $0.26
Weighted Average Basic Shares Outstanding		 72.11M 71.08M 71.47M 71.47M 71.45M 71.74M 71.63M 71.73M 72.08M 72.21M 71.98M
Diluted Earnings per Share		 $0.29 ($1.87) ($0.43) ($6.20) $0.13 $0.67 $0.28 ($0.05) $0.35 $0.75 $0.25
Weighted Average Diluted Shares Outstanding		 72.80M 71.08M 71.47M 71.47M 71.84M 72.57M 71.63M 71.73M 72.92M 73.82M 73.36M
Weighted Average Basic & Diluted Shares Outstanding		 71.00M 71.04M 71.42M 71.32M 71.72M 71.75M 71.33M 71.88M 72.19M 72.22M 71.50M

Annual Cash Flow Statements for NetScout Systems

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 3/31/2026
Net Change in Cash & Equivalents		 106 95 65 39 -70 127 169 -249 2.88 68 129
Net Cash From Operating Activities		 97 227 222 150 225 214 296 157 59 218 295
Net Cash From Continuing Operating Activities		 97 227 222 150 225 214 296 157 59 218 295
Net Income / (Loss) Continuing Operations		 -28 33 80 -73 -2.75 19 36 60 -148 -367 96
Consolidated Net Income / (Loss)		 -28 33 80 -73 -2.75 19 36 60 -148 -367 96
Depreciation Expense		 140 161 154 138 116 106 96 86 75 64 57
Amortization Expense		 - - - - - - - 11 11 10 9.84
Non-Cash Adjustments To Reconcile Net Income		 28 37 48 100 61 62 67 63 279 492 61
Changes in Operating Assets and Liabilities, net		 -43 -4.10 -59 -15 50 27 97 -63 -158 18 72
Net Cash From Investing Activities		 25 -42 57 -26 -4.31 25 -68 15 13 -7.00 -93
Net Cash From Continuing Investing Activities		 25 -42 57 -26 -4.31 25 -68 15 13 -7.00 -93
Purchase of Property, Plant & Equipment		 -26 -31 -16 -24 -20 -12 -10 -10 -6.36 -5.41 -9.11
Acquisitions		 -3.96 -5.64 -8.88 -3.29 -11 -4.54 -0.05 -0.16 0.00 -1.29 0.00
Purchase of Investments		 -100 -200 -114 -230 -117 -16 -78 -115 -53 -45 -163
Divestitures		 28 - - - - - 0.00 0.00 7.77 0.00 12
Sale and/or Maturity of Investments		 119 181 196 230 144 57 21 140 65 45 68
Net Cash From Financing Activities		 -17 -90 -221 -79 -287 -118 -54 -419 -69 -142 -77
Net Cash From Continuing Financing Activities		 -17 -90 -221 -79 -287 -118 -54 -419 -69 -142 -77
Repayment of Debt		 - 0.00 0.00 -50 -100 -100 -354 -250 0.00 -178 0.00
Repurchase of Common Equity		 -303 -80 -501 -14 -175 -3.28 -36 -150 -50 -25 -61
Issuance of Debt		 295 0.00 295 - 0.00 0.00 350 0.00 0.00 75 0.00
Issuance of Common Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Financing Activities, net		 -9.07 -9.56 -14 -15 -12 -15 -15 -19 -19 -14 -16
Effect of Exchange Rate Changes		 0.74 - - -5.21 -3.43 6.63 -4.51 -1.89 0.06 -0.92 4.07
Cash Interest Paid		 3.81 6.44 9.60 23 18 7.69 4.96 8.06 6.43 4.19 0.00
Cash Income Taxes Paid		 51 49 18 13 13 11 32 56 62 42 43

Quarterly Cash Flow Statements for NetScout Systems

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 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 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -53 18 92 -27 1.14 35 59 32 -6.19 57 46
Net Cash From Operating Activities		 -26 14 94 38 -3.73 41 142 74 6.65 62 152
Net Cash From Continuing Operating Activities		 -26 14 94 38 -3.73 41 142 74 6.65 62 152
Net Income / (Loss) Continuing Operations		 21 -133 -32 -443 9.03 49 19 -3.68 26 55 18
Consolidated Net Income / (Loss)		 21 -133 -32 -443 9.03 49 19 -3.68 26 55 18
Depreciation Expense		 19 19 18 16 16 16 16 14 14 13 14
Amortization Expense		 2.63 2.64 - 2.61 2.62 2.63 2.55 2.50 2.51 2.47 2.37
Non-Cash Adjustments To Reconcile Net Income		 14 182 65 439 16 20 17 17 17 14 13
Changes in Operating Assets and Liabilities, net		 -84 -57 43 23 -48 -46 88 43 -53 -23 105
Net Cash From Investing Activities		 12 20 -0.07 -3.09 3.95 1.19 -9.04 -17 4.73 -4.80 -75
Net Cash From Continuing Investing Activities		 12 20 -0.07 -3.09 3.95 1.19 -9.04 -17 4.73 -4.80 -75
Purchase of Property, Plant & Equipment		 -1.54 -1.25 -1.60 -1.27 -0.88 -1.86 -1.40 -1.88 -2.23 -2.82 -2.19
Purchase of Investments		 -16 -1.24 -9.62 -12 -8.85 -8.35 -16 -29 -22 -19 -94
Sale and/or Maturity of Investments		 21 23 11 10 15 11 8.07 14 17 17 21
Net Cash From Financing Activities		 -36 -19 -0.20 -62 -1.60 -2.78 -75 -29 -18 -0.49 -29
Net Cash From Continuing Financing Activities		 -36 -19 -0.20 -62 -1.60 -2.78 -75 -29 -18 -0.49 -29
Repurchase of Common Equity		 -31 -19 - -25 -0.26 - - -15 -17 -0.00 -29
Other Financing Activities, net		 -5.31 -0.43 -0.20 -12 -1.34 -0.33 -0.13 -14 -1.43 -0.49 -0.21
Effect of Exchange Rate Changes		 -2.12 2.64 -1.28 -0.64 2.52 -4.85 2.05 4.67 0.41 0.48 -1.50
Cash Income Taxes Paid		 19 13 7.84 9.14 13 10 9.60 8.53 12 11 12

Annual Balance Sheets for NetScout Systems

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 3/31/2026
Total Assets		 3,593 3,602 3,369 3,270 3,121 3,085 3,195 2,821 2,595 2,187 2,355
Total Current Assets		 740 854 752 801 660 722 922 617 672 713 868
Cash & Equivalents		 211 305 370 410 338 467 636 387 390 457 586
Short-Term Investments		 128 138 78 76 48 9.28 67 32 33 34 81
Accounts Receivable		 247 294 213 235 214 198 148 144 192 164 151
Inventories, net		 58 40 35 26 22 23 28 18 14 13 13
Prepaid Expenses		 78 37 34 36 24 24 33 34 32 32 29
Current Deferred & Refundable Income Taxes		 18 40 23 18 14 1.91 9.35 2.24 11 13 6.16
Plant, Property, & Equipment, net		 62 61 53 59 58 48 41 35 26 22 24
Total Noncurrent Assets		 2,790 2,686 2,564 2,410 2,403 2,314 2,231 2,168 1,896 1,452 1,463
Long-Term Investments		 13 22 0.00 1.01 2.61 - 0.00 8.94 0.99 1.00 37
Goodwill		 1,709 1,718 1,713 1,715 1,726 1,718 1,723 1,724 1,503 1,076 1,071
Intangible Assets		 1,054 931 831 669 582 512 433 367 309 259 214
Noncurrent Deferred & Refundable Income Taxes		 6.21 6.58 6.69 7.22 6.22 8.10 6.88 4.53 31 66 94
Other Noncurrent Operating Assets		 7.36 7.71 13 17 86 77 68 64 53 49 47
Total Liabilities & Shareholders' Equity		 3,593 3,602 3,369 3,270 3,121 3,085 3,195 2,821 2,595 2,187 2,355
Total Liabilities		 1,149 1,165 1,300 1,205 1,183 1,079 1,134 791 703 626 705
Total Current Liabilities		 457 460 413 380 399 411 476 454 395 408 470
Accounts Payable		 44 37 30 25 20 18 22 16 15 18 23
Accrued Expenses		 32 30 33 23 22 21 32 26 15 19 20
Current Deferred Revenue		 297 311 302 273 270 270 331 312 302 302 331
Current Deferred & Payable Income Tax Liabilities		 2.09 5.06 1.53 1.32 0.90 7.03 4.35 4.39 0.76 0.88 1.66
Current Employee Benefit Liabilities		 82 78 47 59 76 83 76 83 51 57 85
Other Current Liabilities		 - - - - 10 12 11 12 12 11 9.87
Total Noncurrent Liabilities		 692 705 887 825 784 668 658 337 308 218 235
Noncurrent Deferred Revenue		 68 87 91 95 104 103 133 130 130 148 168
Noncurrent Deferred & Payable Income Tax Liabilities		 285 278 152 124 114 92 79 25 4.37 2.64 2.23
Noncurrent Employee Benefit Liabilities		 31 32 35 36 34 39 35 26 28 27 28
Other Noncurrent Operating Liabilities		 7.54 8.77 8.31 19 81 83 61 57 45 41 36
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		 2,443 2,436 2,069 2,065 1,938 2,006 2,060 2,030 1,892 1,560 1,649
Total Preferred & Common Equity		 2,443 2,436 2,069 2,065 1,938 2,006 2,060 2,030 1,892 1,560 1,649
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		 2,443 2,436 2,069 2,065 1,938 2,006 2,060 2,030 1,892 1,560 1,649
Common Stock		 2,643 2,694 2,665 2,829 2,892 2,956 3,024 3,100 3,181 3,255 3,326
Retained Earnings		 283 317 396 358 355 375 411 470 322 -44 51
Treasury Stock		 -481 -571 -996 -1,119 -1,306 -1,322 -1,374 -1,546 -1,615 -1,655 -1,731
Accumulated Other Comprehensive Income / (Loss)		 -1.50 -3.47 2.90 -2.64 -3.16 -1.94 0.14 5.74 3.57 4.07 4.03

Quarterly Balance Sheets for NetScout Systems

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

Annual Metrics And Ratios for NetScout Systems

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

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 72,220,350.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 72,220,350.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.32
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 110.60% 143.27% -57.54% -7.79% -1.99% -6.79% 2.92% 6.89% -9.30% -0.82% 4.47%
EBITDA Growth		 -1.51% 95.30% -34.15% -54.79% 103.60% 3.18% 5.83% 9.04% -144.14% -392.44% 158.52%
EBIT Growth		 -128.12% 325.17% -112.98% -819.25% 124.99% 80.83% 55.65% 45.61% -297.26% -153.93% 128.80%
NOPAT Growth		 -128.68% 321.38% -107.17% -1,663.92% 49.61% 227.60% 26.26% 66.46% -254.89% -145.35% 134.41%
Net Income Growth		 -146.36% 217.35% 139.74% -191.87% 96.24% 802.69% 85.38% 66.27% -347.68% -148.37% 126.04%
EPS Growth		 -123.81% 202.86% 150.00% -203.33% 95.70% 750.00% 84.62% 70.83% -352.44% -147.34% 125.39%
Operating Cash Flow Growth		 -9.09% 133.27% -1.90% -32.64% 50.18% -4.93% 38.37% -47.08% -62.46% 270.12% 35.31%
Free Cash Flow Firm Growth		 -2,835.27% 107.12% -70.09% -10.83% 145.56% 45.41% 40.25% -65.60% -60.53% 739.94% -12.51%
Invested Capital Growth		 1,299.30% -5.01% -2.22% -4.17% -6.09% -5.98% -9.16% -0.32% -7.86% -31.89% -11.59%
Revenue Q/Q Growth		 21.11% 105.85% -63.82% 7.77% 90.33% -1.88% -2.53% 1.88% -0.56% 0.19% -0.23%
EBITDA Q/Q Growth		 1.17% 23.61% -24.25% 71.89% -12.21% 0.25% -14.88% 3.59% -108.87% 16.37% 1.16%
EBIT Q/Q Growth		 -396.67% 285.29% -119.84% 33.83% -47.05% 9.66% -31.36% 11.58% -29.55% 11.89% 3.44%
NOPAT Q/Q Growth		 -151.51% 115.05% -102.43% 33.93% -231.09% 13.60% -34.64% 10.16% -34.72% 13.40% -4.98%
Net Income Q/Q Growth		 -627.60% 352.02% -6.44% 3.16% -130.19% 26.89% -35.61% 9.52% -24.63% 12.21% -0.39%
EPS Q/Q Growth		 -197.22% 550.00% -6.25% 6.06% -133.33% 44.44% -36.84% 10.81% -23.21% 12.18% -2.26%
Operating Cash Flow Q/Q Growth		 -8.47% 32.26% -9.15% 4.75% 13.58% -6.64% 27.37% -21.50% -24.56% 28.25% 3.78%
Free Cash Flow Firm Q/Q Growth		 -0.88% 58.50% -74.83% 775.50% -13.51% -3.28% 36.51% -37.26% -22.56% 16.13% 3.19%
Invested Capital Q/Q Growth		 -0.49% -2.13% -1.22% -1.81% -3.26% -3.02% -7.43% -4.88% -6.32% -8.54% -10.52%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 65.62% 70.21% 72.45% 72.07% 72.84% 73.28% 74.97% 75.61% 77.41% 78.27% 79.41%
EBITDA Margin		 11.86% 9.52% 14.76% 7.24% 15.04% 16.64% 17.11% 17.46% -8.50% -35.88% 20.10%
Operating Margin		 -2.67% 2.67% -0.41% -7.87% 1.98% 4.47% 5.68% 8.49% -18.06% -44.68% 12.78%
EBIT Margin		 -2.81% 2.60% -0.79% -7.91% 2.02% 3.91% 5.92% 8.06% -17.54% -44.90% 12.38%
Profit (Net Income) Margin		 -2.97% 1.43% 8.09% -8.06% -0.31% 2.33% 4.19% 6.52% -17.81% -44.60% 11.12%
Tax Burden Percent		 87.45% 63.79% -427.74% 78.92% -143.14% 86.76% 83.64% 87.19% 102.23% 100.31% 80.61%
Interest Burden Percent		 121.04% 86.47% 238.18% 129.02% 10.69% 68.55% 84.69% 92.78% 99.35% 99.03% 111.40%
Effective Tax Rate		 0.00% 36.21% 0.00% 0.00% 243.14% 13.24% 16.36% 12.81% 0.00% 0.00% 19.39%
Return on Invested Capital (ROIC)		 -1.40% 1.70% -0.13% -2.30% -1.22% 1.66% 2.27% 3.97% -6.42% -19.52% 8.80%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.22% 7.51% -1,328.84% -23.87% 35.07% 40.93% 4.27% 6.34% 6.73% 7.32% 7.63%
Return on Net Nonoperating Assets (RNNOA)		 -0.57% -0.33% 3.67% -1.24% 1.09% -0.68% -0.50% -1.06% -1.12% -1.73% -2.85%
Return on Equity (ROE)		 -1.97% 1.36% 3.54% -3.55% -0.14% 0.98% 1.76% 2.92% -7.53% -21.26% 5.95%
Cash Return on Invested Capital (CROIC)		 -174.72% 6.84% 2.12% 1.95% 5.06% 7.83% 11.87% 4.29% 1.77% 18.42% 21.11%
Operating Return on Assets (OROA)		 -1.26% 1.68% -0.22% -2.17% 0.56% 1.05% 1.61% 2.45% -5.37% -15.45% 4.69%
Return on Assets (ROA)		 -1.33% 0.93% 2.29% -2.21% -0.09% 0.62% 1.14% 1.98% -5.46% -15.35% 4.21%
Return on Common Equity (ROCE)		 -1.97% 1.36% 3.54% -3.55% -0.14% 0.98% 1.76% 2.92% -7.53% -21.26% 5.95%
Return on Equity Simple (ROE_SIMPLE)		 -1.16% 1.37% 3.86% -3.55% -0.14% 0.96% 1.74% 2.94% -7.81% -23.51% 0.00%
Net Operating Profit after Tax (NOPAT)		 -18 40 -2.84 -50 -25 32 41 68 -105 -257 89
NOPAT Margin		 -1.87% 1.70% -0.29% -5.51% -2.83% 3.88% 4.75% 7.40% -12.64% -31.28% 10.30%
Net Nonoperating Expense Percent (NNEP)		 -6.62% -5.81% 1,328.71% 21.57% -36.30% -39.26% -2.00% -2.37% -13.14% -26.84% 1.17%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - -16.49% 5.37%
Cost of Revenue to Revenue		 34.38% 29.79% 27.55% 27.93% 27.16% 26.72% 25.03% 24.39% 22.59% 21.73% 20.59%
SG&A Expenses to Revenue		 12.32% 5.10% 11.09% 10.28% 11.21% 10.70% 11.42% 11.32% 11.56% 11.76% 12.01%
R&D to Revenue		 21.84% 10.01% 21.80% 22.37% 21.11% 21.55% 20.00% 19.26% 19.44% 18.58% 18.55%
Operating Expenses to Revenue		 68.30% -2.67% 72.86% 79.94% 70.87% 68.82% 69.28% 67.11% 95.47% 122.96% 66.63%
Earnings before Interest and Taxes (EBIT)		 -27 60 -7.83 -72 18 33 51 74 -145 -369 106
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 113 221 146 66 134 138 146 160 -70 -295 173
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.93 1.43 1.11 1.06 0.90 1.03 1.15 1.00 0.82 0.97 1.39
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.25 6.69 6.30
Price to Revenue (P/Rev)		 2.37 1.50 2.33 2.40 1.96 2.49 2.77 2.22 1.87 1.83 2.67
Price to Earnings (P/E)		 0.00 2.09 28.81 0.00 0.00 106.86 66.02 34.08 0.00 0.00 24.03
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		 0.00% 47.81% 3.47% 0.00% 0.00% 0.94% 1.51% 2.93% 0.00% 0.00% 4.16%
Enterprise Value to Invested Capital (EV/IC)		 0.93 1.46 1.10 1.06 0.91 1.03 1.18 1.00 0.78 0.95 1.68
Enterprise Value to Revenue (EV/Rev)		 2.32 1.43 2.48 2.47 2.03 2.34 2.36 1.86 1.48 1.23 1.85
Enterprise Value to EBITDA (EV/EBITDA)		 19.53 15.00 16.83 34.13 13.49 14.03 13.76 10.68 0.00 0.00 9.21
Enterprise Value to EBIT (EV/EBIT)		 0.00 54.99 0.00 0.00 100.54 59.67 39.79 23.12 0.00 0.00 14.95
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 83.82 0.00 0.00 0.00 60.27 49.54 25.18 0.00 0.00 17.97
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.76 14.63 11.02 15.00 8.04 9.08 6.81 10.89 20.87 4.66 5.40
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 20.83 51.44 52.89 17.34 12.80 9.47 23.29 42.47 4.18 7.49
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.12 0.12 0.29 0.27 0.23 0.17 0.17 0.05 0.05 0.00 0.00
Long-Term Debt to Equity		 0.12 0.12 0.29 0.27 0.23 0.17 0.17 0.05 0.05 0.00 0.00
Financial Leverage		 -0.11 -0.04 0.00 0.05 0.03 -0.02 -0.12 -0.17 -0.17 -0.24 -0.37
Leverage Ratio		 1.48 1.47 1.55 1.61 1.60 1.57 1.54 1.47 1.38 1.39 1.41
Compound Leverage Factor		 1.79 1.27 3.69 2.07 0.17 1.08 1.31 1.36 1.37 1.37 1.58
Debt to Total Capital		 10.94% 10.96% 22.48% 21.03% 18.84% 14.86% 14.52% 4.70% 5.02% 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		 10.94% 10.96% 22.48% 21.03% 18.84% 14.86% 14.52% 4.70% 5.02% 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		 89.06% 89.04% 77.52% 78.97% 81.16% 85.14% 85.48% 95.30% 94.98% 100.00% 100.00%
Debt to EBITDA		 2.65 1.36 4.12 8.35 3.36 2.53 2.39 0.63 -1.42 0.00 0.00
Net Debt to EBITDA		 -0.46 -0.74 1.05 0.96 0.45 -0.91 -2.41 -2.05 4.60 0.00 0.00
Long-Term Debt to EBITDA		 2.65 1.36 4.12 8.35 3.36 2.53 2.39 0.63 -1.42 0.00 0.00
Debt to NOPAT		 -16.77 7.58 -211.22 -10.98 -17.82 10.86 8.60 1.48 -0.95 0.00 0.00
Net Debt to NOPAT		 2.91 -4.16 -53.59 -1.26 -2.41 -3.93 -8.68 -4.84 3.09 0.00 0.00
Long-Term Debt to NOPAT		 -16.77 7.58 -211.22 -10.98 -17.82 10.86 8.60 1.48 -0.95 0.00 0.00
Altman Z-Score		 1.63 2.75 1.63 1.60 1.45 1.75 1.92 2.26 1.76 1.40 2.70
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		 1.62 1.86 1.82 2.11 1.65 1.76 1.94 1.36 1.70 1.75 1.85
Quick Ratio		 1.28 1.60 1.60 1.90 1.50 1.64 1.79 1.24 1.56 1.61 1.74
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,238 159 48 42 104 152 213 73 29 243 212
Operating Cash Flow to CapEx		 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% 3,232.42%
Free Cash Flow to Firm to Interest Expense		 -353.66 17.35 3.77 1.63 5.07 13.95 26.44 7.14 3.34 33.90 124.54
Operating Cash Flow to Interest Expense		 15.36 24.69 17.61 5.73 10.93 19.66 36.78 15.29 6.80 30.40 172.75
Operating Cash Flow Less CapEx to Interest Expense		 11.19 21.30 16.34 4.83 9.96 18.56 35.49 14.26 6.07 29.65 167.41
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.45 0.65 0.28 0.27 0.28 0.27 0.27 0.30 0.31 0.34 0.38
Accounts Receivable Turnover		 5.80 8.58 3.89 4.06 3.97 4.04 4.95 6.26 4.94 4.63 5.45
Inventory Turnover		 9.36 14.12 7.27 8.33 9.99 9.86 8.39 9.66 11.69 13.25 13.50
Fixed Asset Turnover		 22.25 37.66 17.33 16.33 15.29 15.66 19.05 24.04 27.10 34.27 38.13
Accounts Payable Turnover		 11.52 17.01 8.05 9.29 10.86 11.70 10.73 11.61 12.10 10.93 8.49
Days Sales Outstanding (DSO)		 62.93 42.52 93.92 90.01 91.85 90.28 73.80 58.29 73.92 78.92 66.91
Days Inventory Outstanding (DIO)		 38.98 25.84 50.19 43.84 36.54 37.01 43.48 37.77 31.21 27.55 27.03
Days Payable Outstanding (DPO)		 31.70 21.45 45.33 39.29 33.60 31.20 34.02 31.44 30.17 33.40 43.00
Cash Conversion Cycle (CCC)		 70.21 46.92 98.77 94.55 94.80 96.09 83.26 64.63 74.96 73.07 50.94
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,391 2,272 2,221 2,128 1,999 1,879 1,707 1,702 1,568 1,068 944
Invested Capital Turnover		 0.75 1.00 0.44 0.42 0.43 0.43 0.48 0.54 0.51 0.62 0.85
Increase / (Decrease) in Invested Capital		 2,220 -120 -50 -93 -130 -120 -172 -5.49 -134 -500 -124
Enterprise Value (EV)		 2,212 3,319 2,452 2,248 1,809 1,942 2,015 1,705 1,227 1,015 1,591
Market Capitalization		 2,264 3,483 2,299 2,185 1,748 2,068 2,368 2,033 1,551 1,508 2,296
Book Value per Share		 $24.79 $26.54 $23.71 $26.54 $26.24 $27.31 $27.91 $28.60 $26.64 $21.75 $22.84
Tangible Book Value per Share		 ($3.25) ($2.32) ($5.45) ($4.10) ($5.01) ($3.05) ($1.30) ($0.86) $1.13 $3.14 $5.05
Total Capital		 2,743 2,736 2,669 2,615 2,388 2,356 2,410 2,130 1,992 1,560 1,649
Total Debt		 300 300 600 550 450 350 350 100 100 0.00 0.00
Total Long-Term Debt		 300 300 600 550 450 350 350 100 100 0.00 0.00
Net Debt		 -52 -165 152 63 61 -126 -353 -328 -324 -492 -705
Capital Expenditures (CapEx)		 26 31 16 24 20 12 10 10 6.34 5.41 9.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -55 -48 -109 -65 -126 -165 -257 -255 -146 -186 -270
Debt-free Net Working Capital (DFNWC)		 283 394 339 421 261 311 446 164 277 305 398
Net Working Capital (NWC)		 283 394 339 421 261 311 446 164 277 305 398
Net Nonoperating Expense (NNE)		 10 6.30 -83 23 -22 13 4.80 8.06 43 110 -7.00
Net Nonoperating Obligations (NNO)		 -52 -165 152 63 61 -126 -353 -328 -324 -492 -705
Total Depreciation and Amortization (D&A)		 140 161 154 138 116 106 96 86 75 74 66
Debt-free, Cash-free Net Working Capital to Revenue		 -5.79% -2.09% -11.01% -7.11% -14.10% -19.88% -30.09% -27.91% -17.57% -22.64% -31.44%
Debt-free Net Working Capital to Revenue		 29.66% 16.96% 34.36% 46.30% 29.24% 37.44% 52.10% 17.91% 33.45% 37.10% 46.28%
Net Working Capital to Revenue		 29.66% 16.96% 34.36% 46.30% 29.24% 37.44% 52.10% 17.91% 33.45% 37.10% 46.28%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.35) $0.36 $0.91 ($0.93) ($0.04) $0.26 $0.48 $0.83 ($2.07) ($5.12) $1.33
Adjusted Weighted Average Basic Shares Outstanding		 81.93M 92.23M 87.43M 78.62M 75.16M 73.10M 74.02M 71.78M 71.47M 71.63M 71.98M
Adjusted Diluted Earnings per Share		 ($0.35) $0.36 $0.90 ($0.93) ($0.04) $0.26 $0.48 $0.82 ($2.07) ($5.12) $1.30
Adjusted Weighted Average Diluted Shares Outstanding		 81.93M 92.92M 88.26M 78.62M 75.16M 73.82M 75.08M 73.05M 71.47M 71.63M 73.36M
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		 93.76M 91.72M 80.27M 77.46M 144.44M 73.75M 74.12M 71.25M 71.42M 71.33M 71.50M
Normalized Net Operating Profit after Tax (NOPAT)		 -18 42 0.81 -12 14 32 41 69 47 56 89
Normalized NOPAT Margin		 -1.84% 1.81% 0.08% -1.31% 1.59% 3.88% 4.75% 7.57% 5.69% 6.80% 10.38%
Pre Tax Income Margin		 -3.40% 2.25% -1.89% -10.21% 0.22% 2.68% 5.01% 7.48% -17.42% -44.46% 13.79%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -4.23 6.57 -0.62 -2.75 0.87 2.99 6.29 7.20 -16.81 -51.59 62.39
NOPAT to Interest Expense		 -2.83 4.31 -0.22 -1.92 -1.23 2.96 5.05 6.61 -12.12 -35.94 51.92
EBIT Less CapEx to Interest Expense		 -8.41 3.18 -1.89 -3.65 -0.09 1.89 5.01 6.17 -17.55 -52.34 57.05
NOPAT Less CapEx to Interest Expense		 -7.00 0.92 -1.50 -2.82 -2.19 1.86 3.77 5.58 -12.86 -36.69 46.58
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		 -1,067.31% 240.29% 628.13% -19.73% -6,354.39% 16.92% 99.38% 251.54% -33.84% -6.88% 63.64%

Quarterly Metrics And Ratios for NetScout Systems

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 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 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 72,220,350.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 72,220,350.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.25
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -13.71% -19.10% -2.23% -17.32% -2.89% 15.57% 0.76% 6.98% 14.60% -0.53% -0.95%
EBITDA Growth		 15.70% -234.78% -171.85% -2,741.60% -37.83% 167.38% 372.48% 102.60% 48.95% 5.21% 5.73%
EBIT Growth		 30.07% -315.53% -13,823.33% -8,126.61% -57.33% 143.01% 149.10% 98.76% 144.13% 10.95% 21.57%
NOPAT Growth		 6.98% -269.96% -2,357.39% -9,768.46% -49.64% 155.78% 178.59% 98.58% 158.50% 1.42% -24.76%
Net Income Growth		 23.47% -351.96% -906.49% -10,456.57% -57.94% 136.82% 157.43% 99.17% 186.12% 12.97% -2.03%
EPS Growth		 20.83% -359.72% -975.00% -10,233.33% -55.17% 135.83% 165.12% 99.19% 169.23% 11.94% -10.71%
Operating Cash Flow Growth		 -360.20% -69.85% -16.99% 271.80% 85.86% 196.83% 51.23% 91.40% 278.44% 49.75% 7.59%
Free Cash Flow Firm Growth		 -113.18% -80.96% 1,526.66% 2,789.78% 4,364.56% 2,554.10% 382.31% -71.20% -83.56% -70.31% -73.27%
Invested Capital Growth		 2.07% -6.44% -7.86% -36.82% -37.33% -30.24% -31.89% -8.71% -7.58% -9.64% -11.59%
Revenue Q/Q Growth		 -6.79% 10.81% -6.71% -14.19% 9.48% 31.87% -18.66% -8.90% 17.28% 14.46% -19.01%
EBITDA Q/Q Growth		 195.41% -330.82% 86.66% -2,737.86% 106.95% 150.15% -54.41% -67.21% 298.36% 76.70% -54.19%
EBIT Q/Q Growth		 590.85% -592.48% 75.00% -1,261.17% 102.55% 396.43% -71.46% -134.28% 602.72% 125.61% -68.73%
NOPAT Q/Q Growth		 724.94% -558.22% 72.50% -1,153.04% 103.19% 407.59% -61.26% -122.59% 681.89% 99.14% -71.26%
Net Income Q/Q Growth		 611.00% -717.73% 75.55% -1,267.64% 102.04% 440.71% -61.86% -119.76% 802.04% 113.50% -66.92%
EPS Q/Q Growth		 583.33% -744.83% 77.01% -1,341.86% 102.10% 415.38% -58.21% -117.86% 800.00% 114.29% -66.67%
Operating Cash Flow Q/Q Growth		 -17.86% 152.97% 570.14% -58.93% -109.70% 1,211.56% 241.43% -48.03% -90.95% 832.87% 145.29%
Free Cash Flow Firm Q/Q Growth		 -36.47% 231.04% 412.61% 193.42% 116.36% -18.44% -6.85% -82.48% 23.49% 47.29% -16.12%
Invested Capital Q/Q Growth		 3.81% -7.38% -6.32% -29.86% 2.97% 3.10% -8.54% -5.98% 4.24% 0.80% -10.52%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 78.12% 80.00% 75.26% 74.58% 77.99% 81.50% 77.71% 76.75% 80.09% 81.64% 78.36%
EBITDA Margin		 24.77% -51.59% -7.55% -249.67% 15.86% 30.08% 16.86% 6.07% 20.61% 31.81% 17.99%
Operating Margin		 13.36% -61.65% -18.18% -265.42% 7.39% 24.49% 9.70% -3.51% 14.83% 25.66% 9.65%
EBIT Margin		 13.79% -61.29% -16.43% -260.56% 6.06% 22.81% 8.00% -3.01% 12.91% 25.45% 9.82%
Profit (Net Income) Margin		 10.91% -60.80% -15.94% -253.99% 4.72% 19.37% 9.08% -1.97% 11.79% 22.00% 8.98%
Tax Burden Percent		 78.12% 99.15% 98.44% 97.73% 73.24% 85.07% 102.29% 130.09% 82.30% 82.79% 78.13%
Interest Burden Percent		 101.23% 100.05% 98.55% 99.75% 106.43% 99.80% 110.93% 50.28% 111.00% 104.42% 117.05%
Effective Tax Rate		 21.88% 0.00% 0.00% 0.00% 26.76% 14.93% -2.29% 0.00% 17.70% 17.21% 21.87%
Return on Invested Capital (ROIC)		 5.17% -20.79% -6.46% -103.72% 2.90% 12.04% 6.19% -1.95% 9.67% 16.46% 6.44%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.70% -3.56% -4.45% -65.48% 3.37% 13.31% 6.62% -2.16% 9.88% 16.06% 5.95%
Return on Net Nonoperating Assets (RNNOA)		 -0.47% 0.41% 0.74% 11.77% -0.54% -2.27% -1.56% 0.64% -2.78% -4.77% -2.22%
Return on Equity (ROE)		 4.69% -20.39% -5.72% -91.95% 2.36% 9.77% 4.63% -1.32% 6.89% 11.69% 4.22%
Cash Return on Invested Capital (CROIC)		 1.92% 2.16% 1.77% 15.14% 16.34% 14.71% 18.42% 16.36% 16.37% 18.52% 21.11%
Operating Return on Assets (OROA)		 4.42% -18.61% -5.03% -85.79% 2.00% 7.86% 2.75% -1.19% 5.25% 9.75% 3.72%
Return on Assets (ROA)		 3.50% -18.46% -4.88% -83.63% 1.56% 6.68% 3.13% -0.78% 4.79% 8.43% 3.40%
Return on Common Equity (ROCE)		 4.69% -20.39% -5.72% -91.95% 2.36% 9.77% 4.63% -1.32% 6.89% 11.69% 4.22%
Return on Equity Simple (ROE_SIMPLE)		 3.27% -6.23% 0.00% -40.99% -41.07% -27.49% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 21 -94 -26 -324 10 53 20 -4.59 27 53 15
NOPAT Margin		 10.44% -43.16% -12.72% -185.79% 5.41% 20.83% 9.92% -2.46% 12.21% 21.24% 7.54%
Net Nonoperating Expense Percent (NNEP)		 0.46% -17.24% -2.00% -38.24% -0.47% -1.27% -0.42% 0.21% -0.21% 0.40% 0.49%
Return On Investment Capital (ROIC_SIMPLE)		 - -4.70% - - - 3.29% 1.30% -0.30% 1.70% 3.24% 0.93%
Cost of Revenue to Revenue		 21.88% 20.00% 24.74% 25.42% 22.01% 18.50% 22.29% 23.25% 19.91% 18.36% 21.64%
SG&A Expenses to Revenue		 11.51% 10.60% 10.77% 14.65% 12.42% 9.32% 11.67% 14.92% 11.99% 9.63% 12.28%
R&D to Revenue		 17.84% 16.98% 21.41% 24.33% 18.79% 14.98% 17.92% 21.31% 18.39% 15.81% 19.59%
Operating Expenses to Revenue		 64.76% 141.65% 93.43% 340.00% 70.60% 57.02% 68.01% 80.26% 65.26% 55.98% 68.72%
Earnings before Interest and Taxes (EBIT)		 27 -134 -33 -455 12 57 16 -5.62 28 64 20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 49 -112 -15 -436 30 76 35 11 45 80 37
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.99 0.82 0.82 0.91 1.06 1.02 0.97 1.14 1.18 1.19 1.39
Price to Tangible Book Value (P/TBV)		 0.00 54.75 19.25 21.77 15.45 9.06 6.69 7.78 6.99 5.66 6.30
Price to Revenue (P/Rev)		 2.28 1.87 1.87 1.65 1.97 1.89 1.83 2.12 2.15 2.27 2.67
Price to Earnings (P/E)		 30.33 0.00 0.00 0.00 0.00 0.00 0.00 24.32 20.73 20.37 24.03
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		 3.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.11% 4.82% 4.91% 4.16%
Enterprise Value to Invested Capital (EV/IC)		 0.99 0.79 0.78 0.89 1.08 1.03 0.95 1.22 1.27 1.30 1.68
Enterprise Value to Revenue (EV/Rev)		 2.02 1.59 1.48 1.23 1.56 1.46 1.23 1.47 1.54 1.59 1.85
Enterprise Value to EBITDA (EV/EBITDA)		 10.85 0.00 0.00 0.00 0.00 0.00 0.00 8.07 7.97 8.01 9.21
Enterprise Value to EBIT (EV/EBIT)		 21.46 0.00 0.00 0.00 0.00 0.00 0.00 15.35 13.77 13.30 14.95
Enterprise Value to NOPAT (EV/NOPAT)		 25.20 0.00 0.00 0.00 0.00 0.00 0.00 16.08 14.38 14.68 17.97
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.22 17.04 20.87 8.14 8.61 7.07 4.66 4.85 5.05 4.82 5.40
Enterprise Value to Free Cash Flow (EV/FCFF)		 52.00 35.60 42.47 4.53 5.10 5.74 4.18 7.13 7.45 6.65 7.49
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.05 0.05 0.05 0.05 0.05 0.05 0.00 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 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.10 -0.11 -0.17 -0.18 -0.16 -0.17 -0.24 -0.29 -0.28 -0.30 -0.37
Leverage Ratio		 1.39 1.41 1.38 1.39 1.36 1.39 1.39 1.42 1.40 1.42 1.41
Compound Leverage Factor		 1.40 1.41 1.36 1.39 1.45 1.39 1.54 0.72 1.55 1.49 1.66
Debt to Total Capital		 4.67% 4.99% 5.02% 4.98% 4.89% 4.70% 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		 4.67% 4.99% 5.02% 4.98% 4.89% 4.70% 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		 95.33% 95.01% 94.98% 95.02% 95.11% 95.30% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.61 -2.96 -1.42 -0.14 -0.14 -0.21 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 -1.41 6.82 4.60 0.64 0.60 1.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.61 -2.96 -1.42 -0.14 -0.14 -0.21 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 1.41 -1.28 -0.95 -0.18 -0.17 -0.25 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 -3.28 2.96 3.09 0.78 0.75 1.19 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 1.41 -1.28 -0.95 -0.18 -0.17 -0.25 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 2.54 1.81 1.90 0.90 1.98 2.02 1.98 2.25 2.46 2.42 2.58
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		 1.51 1.59 1.70 1.54 1.68 1.81 1.75 1.77 1.88 1.94 1.85
Quick Ratio		 1.34 1.44 1.56 1.40 1.50 1.68 1.61 1.61 1.71 1.82 1.74
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -16 21 108 317 685 559 520 91 113 166 139
Operating Cash Flow to CapEx		 -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% 6,965.19%
Free Cash Flow to Firm to Interest Expense		 -7.39 9.53 49.58 162.76 380.31 210.88 680.21 219.73 267.46 363.70 336.82
Operating Cash Flow to Interest Expense		 -12.13 6.32 43.00 19.76 -2.07 15.65 184.99 177.23 15.81 136.13 368.67
Operating Cash Flow Less CapEx to Interest Expense		 -12.84 5.76 42.27 19.11 -2.56 14.95 183.17 172.71 10.50 129.95 363.37
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.32 0.30 0.31 0.33 0.33 0.34 0.34 0.39 0.41 0.38 0.38
Accounts Receivable Turnover		 6.07 3.81 4.94 6.68 5.80 3.77 4.63 7.54 6.94 3.84 5.45
Inventory Turnover		 10.07 11.07 11.69 10.85 11.17 12.33 13.25 12.68 12.47 13.33 13.50
Fixed Asset Turnover		 25.53 25.45 27.10 27.29 29.22 32.84 34.27 35.99 38.75 39.18 38.13
Accounts Payable Turnover		 10.86 12.30 12.10 11.96 12.24 12.72 10.93 11.87 12.53 11.56 8.49
Days Sales Outstanding (DSO)		 60.12 95.70 73.92 54.68 62.88 96.94 78.92 48.41 52.63 95.15 66.91
Days Inventory Outstanding (DIO)		 36.26 32.97 31.21 33.65 32.67 29.61 27.55 28.78 29.28 27.38 27.03
Days Payable Outstanding (DPO)		 33.60 29.69 30.17 30.52 29.82 28.69 33.40 30.75 29.12 31.59 43.00
Cash Conversion Cycle (CCC)		 62.78 98.99 74.96 57.80 65.73 97.86 73.07 46.45 52.78 90.95 50.94
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,807 1,674 1,568 1,100 1,133 1,168 1,068 1,004 1,047 1,055 944
Invested Capital Turnover		 0.50 0.48 0.51 0.56 0.54 0.58 0.62 0.79 0.79 0.78 0.85
Increase / (Decrease) in Invested Capital		 37 -115 -134 -641 -675 -506 -500 -96 -86 -113 -124
Enterprise Value (EV)		 1,789 1,328 1,227 974 1,224 1,200 1,015 1,226 1,330 1,367 1,591
Market Capitalization		 2,022 1,558 1,551 1,306 1,551 1,553 1,508 1,770 1,857 1,954 2,296
Book Value per Share		 $28.27 $26.82 $26.64 $20.05 $20.46 $21.20 $21.75 $21.70 $21.89 $22.73 $22.84
Tangible Book Value per Share		 ($0.26) $0.40 $1.13 $0.84 $1.41 $2.39 $3.14 $3.19 $3.70 $4.78 $5.05
Total Capital		 2,140 2,004 1,992 1,507 1,534 1,596 1,560 1,548 1,574 1,641 1,649
Total Debt		 100 100 100 75 75 75 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 100 100 100 75 75 75 0.00 0.00 0.00 0.00 0.00
Net Debt		 -233 -230 -324 -332 -327 -353 -492 -544 -527 -586 -705
Capital Expenditures (CapEx)		 1.54 1.25 1.60 1.27 0.88 1.86 1.40 1.88 2.23 2.82 2.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -147 -102 -146 -199 -164 -117 -186 -236 -186 -159 -270
Debt-free Net Working Capital (DFNWC)		 181 227 277 207 237 310 305 297 331 414 398
Net Working Capital (NWC)		 181 227 277 207 237 310 305 297 331 414 398
Net Nonoperating Expense (NNE)		 -0.92 38 6.54 119 1.32 3.69 1.72 -0.92 0.91 -1.90 -2.94
Net Nonoperating Obligations (NNO)		 -233 -230 -324 -332 -327 -353 -492 -544 -527 -586 -705
Total Depreciation and Amortization (D&A)		 22 21 18 19 19 18 18 17 17 16 17
Debt-free, Cash-free Net Working Capital to Revenue		 -16.62% -12.23% -17.57% -25.14% -20.87% -14.19% -22.64% -28.22% -21.59% -18.43% -31.44%
Debt-free Net Working Capital to Revenue		 20.48% 27.22% 33.45% 26.09% 30.06% 37.80% 37.10% 35.57% 38.32% 48.09% 46.28%
Net Working Capital to Revenue		 20.48% 27.22% 33.45% 26.09% 30.06% 37.80% 37.10% 35.57% 38.32% 48.09% 46.28%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.30 ($1.87) ($0.44) ($6.20) $0.13 $0.68 $0.27 ($0.05) $0.36 $0.76 $0.26
Adjusted Weighted Average Basic Shares Outstanding		 72.11M 71.08M 71.47M 71.47M 71.45M 71.74M 71.63M 71.73M 72.08M 72.21M 71.98M
Adjusted Diluted Earnings per Share		 $0.29 ($1.87) ($0.43) ($6.20) $0.13 $0.67 $0.28 ($0.05) $0.35 $0.75 $0.25
Adjusted Weighted Average Diluted Shares Outstanding		 72.80M 71.08M 71.47M 71.47M 71.84M 72.57M 71.63M 71.73M 72.92M 73.82M 73.36M
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		 71.00M 71.04M 71.42M 71.32M 71.72M 71.75M 71.33M 71.88M 72.19M 72.22M 71.50M
Normalized Net Operating Profit after Tax (NOPAT)		 21 23 -26 -14 12 53 14 -4.22 27 53 15
Normalized NOPAT Margin		 10.44% 10.48% -12.72% -7.94% 6.34% 21.14% 7.00% -2.26% 12.32% 21.25% 7.55%
Pre Tax Income Margin		 13.96% -61.32% -16.19% -259.90% 6.45% 22.77% 8.88% -1.51% 14.33% 26.57% 11.50%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 12.48 -60.53 -15.36 -233.86 6.43 21.70 21.45 -13.55 67.16 139.88 48.30
NOPAT to Interest Expense		 9.45 -42.62 -11.89 -166.75 5.74 19.82 26.59 -11.07 63.51 116.76 37.06
EBIT Less CapEx to Interest Expense		 11.77 -61.10 -16.09 -234.51 5.94 21.00 19.62 -18.08 61.85 133.71 43.00
NOPAT Less CapEx to Interest Expense		 8.74 -43.19 -12.63 -167.40 5.25 19.12 24.76 -15.60 58.20 110.59 31.76
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		 46.71% -42.18% -33.84% -12.78% -7.36% -6.04% -6.88% 20.98% 35.24% 32.91% 63.64%

Financials Breakdown Chart

Key Financial Trends

NetScout Systems (NASDAQ: NTCT) showed a much healthier operating profile in fiscal 2026 than it did a year ago, but the quarter was still uneven. Revenue declined year over year in the latest quarter, yet profitability, cash generation, and the balance sheet all look meaningfully improved versus the prior-year period. The biggest takeaway for retail investors is that NTCT appears to be recovering from a very difficult 2025, but top-line growth remains a challenge.

  • Profitability rebounded sharply in Q3 2026. Net income rose to $55.1 million from a loss of $3.7 million in Q1 2026, and operating income jumped to $64.3 million from a loss of $6.6 million in the prior quarter.
  • Margins improved dramatically quarter over quarter. Q3 2026 operating margin was about 25.7% on revenue of $250.7 million, a strong recovery from the prior quarter’s negative operating margin.
  • Operating cash flow remains solid. NTCT generated $152.3 million in operating cash flow in Q4 2026 and $62.1 million in Q3 2026, showing the business still converts earnings into cash.
  • The company has a large liquidity cushion. As of Q3 2026, cash and equivalents were $540.6 million, with another $32.4 million in short-term investments.
  • Debt is manageable relative to liquidity. Total debt was only $75 million at Q3 2026, while equity exceeded $1.57 billion, giving the company a relatively conservative capital structure.
  • Deferred revenue remains sizable. Current deferred revenue was $321.3 million in Q3 2026, which suggests a healthy backlog of future revenue to be recognized.
  • Year-over-year revenue trends improved from the very weak 2025 period. Q3 2026 revenue of $250.7 million was above Q3 2025 revenue of $252.0 million only slightly lower, but much better than the weak Q1 2026 results.
  • Share count has been relatively stable. Diluted shares were 73.4 million in Q4 2026 versus 71.6 million in the prior-year quarter, so dilution does not appear to be a major issue right now, though buybacks continue.
  • Working capital movements can swing cash flow sharply. In some quarters, changes in operating assets and liabilities helped cash flow materially, while in others they hurt it, making quarter-to-quarter cash generation somewhat noisy.
  • Revenue fell sharply in the latest reported quarter. Q4 2026 revenue was $203.0 million, down from $250.7 million in Q3 2026 and below the comparable quarter a year earlier.
  • Operating income remains volatile quarter to quarter. After strong profitability in Q3 2026, Q4 2026 operating income fell to $19.6 million, showing the business still has uneven execution.
  • Marketing and R&D spending remain heavy. These expenses continue to consume a large share of revenue, which can pressure margins if sales weaken.
  • The business has a history of large impairment and restructuring charges. That is a reminder that prior acquisitions and strategic changes have created earnings volatility.
  • Accounts receivable rose sharply year over year in some periods. Higher receivables can be a sign of slower collections or simply a bigger revenue base, but it is worth monitoring.

Longer-term trend: NTCT’s financials show a company that struggled badly in early 2025 and even posted a huge impairment-driven loss in the prior year, but has since stabilized. The latest quarters point to a business with strong cash reserves, modest debt, and the ability to produce profits when operating performance is on track. The main question for investors is whether management can turn the recent profitability rebound into consistent revenue growth.

Bottom line: NetScout looks financially sound and cash-rich, but the stock thesis will likely depend on whether revenue can reaccelerate and whether the company can sustain operating margins after the recent recovery.

06/03/26 02:32 PM 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 2026 ended on March 31, 2026.

NetScout Systems' net income appears to be on an upward trend, with a most recent value of $95.53 million in 2026, falling from -$28.37 million in 2016. The previous period was -$366.92 million in 2025. See where experts think NetScout Systems is headed by visiting NetScout Systems' forecast page.

NetScout Systems' total operating income in 2026 was $109.83 million, based on the following breakdown:
  • Total Gross Profit: $682.49 million
  • Total Operating Expenses: $572.67 million

Over the last 10 years, NetScout Systems' total revenue changed from $955.42 million in 2016 to $859.48 million in 2026, a change of -10.0%.

NetScout Systems' total liabilities were at $705.26 million at the end of 2026, a 12.6% increase from 2025, and a 38.6% decrease since 2016.

In the past 10 years, NetScout Systems' cash and equivalents has ranged from $210.71 million in 2016 to $636.16 million in 2022, and is currently $586.50 million as of their latest financial filing in 2026.

Over the last 10 years, NetScout Systems' book value per share changed from 24.79 in 2016 to 22.84 in 2026, a change of -7.9%.


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Financial statements for NASDAQ:NTCT last updated on 5/18/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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