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NETGEAR (NTGR) Financials

NETGEAR logo
$21.39 +0.67 (+3.23%)
Closing price 04:00 PM Eastern
Extended Trading
$21.40 +0.01 (+0.05%)
As of 04:55 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for NETGEAR

Annual Income Statements for NETGEAR

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 49 76 19 -9.16 26 58 49 -69 -105 12 -18
Consolidated Net Income / (Loss)		 49 76 19 -18 26 58 49 -69 -105 12 -18
Net Income / (Loss) Continuing Operations		 49 70 -11 17 26 58 49 -69 -105 12 -18
Total Pre-Tax Income 		86 106 46 43 30 71 66 -82 -19 25 -17
Total Operating Income		 85 105 43 39 26 76 67 -83 -33 12 -34
Total Gross Profit		 368 374 308 342 294 372 366 251 249 196 266
Total Revenue		 1,301 1,143 1,039 1,059 999 1,255 1,168 932 741 674 700
Operating Revenue		 1,301 1,143 1,039 1,059 999 1,255 1,168 932 741 674 700
Total Cost of Revenue		 933 770 731 717 705 883 802 682 492 478 433
Operating Cost of Revenue		 933 770 731 717 705 883 802 682 492 478 433
Total Operating Expenses		 282 268 265 303 268 297 299 333 283 184 300
Selling, General & Admin Expense		 45 54 55 65 49 61 60 56 66 63 79
Marketing Expense		 147 140 139 153 138 148 146 140 128 124 128
Research & Development Expense		 86 71 72 82 78 89 93 88 83 81 86
Other Operating Expenses / (Income)		 - - - 3.14 2.48 -1.18 0.65 0.00 0.00 0.00 0.00
Impairment Charge		 - - - - - 0.00 0.00 44 1.07 0.00 0.00
Restructuring Charge		 6.40 3.84 - - - - - 4.58 3.96 4.48 7.76
Other Special Charges / (Income)		 -2.68 0.07 - - - - - 0.02 0.18 -89 0.21
Total Other Income / (Expense), net		 0.21 1.00 3.67 4.49 3.38 -4.74 -1.09 0.90 14 13 17
Other Income / (Expense), net		 -0.09 -0.17 1.56 0.51 3.38 -4.74 -1.09 0.90 14 13 17
Income Tax Expense		 37 36 57 26 3.78 13 16 -13 86 13 1.15
Basic Earnings per Share		 $1.47 $2.32 $0.61 ($0.29) $0.83 $1.95 $1.63 ($2.38) ($3.57) $0.43 ($0.63)
Weighted Average Basic Shares Outstanding		 33.16M 32.76M 32.10M 31.63M 30.94M 29.90M 30.24M 29.01M 29.36M 28.91M 28.61M
Diluted Earnings per Share		 $1.44 $2.25 $0.61 ($0.28) $0.81 $1.90 $1.59 ($2.38) ($3.57) $0.42 ($0.63)
Weighted Average Diluted Shares Outstanding		 33.79M 33.73M 32.10M 33.14M 31.97M 30.64M 31.00M 29.01M 29.36M 29.68M 28.61M
Weighted Average Basic & Diluted Shares Outstanding		 33.10M 32.70M 31.38M 31.60M 29.45M 30.60M 29.36M 28.91M 29.66M 28.87M 28.11M

Quarterly Income Statements for NETGEAR

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/31/2024 3/30/2025 6/29/2025 9/28/2025 12/31/2025 3/29/2026 6/28/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1.67 -19 -45 85 -8.89 -6.03 -6.43 -4.78 -0.68 -13 -7.25
Consolidated Net Income / (Loss)		 -1.67 -19 -45 85 -8.89 -6.03 -6.43 -4.78 -0.68 -13 -7.25
Net Income / (Loss) Continuing Operations		 -1.67 -19 -45 85 -8.89 -6.03 -6.43 -4.78 -0.68 -13 -7.25
Total Pre-Tax Income 		-0.42 -19 -44 99 -11 -4.63 -5.56 -4.04 -2.54 -12 -6.74
Total Operating Income		 -2.87 -22 -47 96 -15 -13 -9.54 -7.07 -4.74 -14 -8.44
Total Gross Profit		 66 48 32 56 59 56 64 72 74 64 68
Total Revenue		 189 165 144 183 182 162 171 185 182 159 169
Operating Revenue		 189 165 144 183 182 162 171 185 182 159 169
Total Cost of Revenue		 123 116 112 126 123 106 107 112 109 95 101
Operating Cost of Revenue		 123 116 112 126 123 106 107 112 109 95 101
Total Operating Expenses		 69 70 79 -39 74 69 74 79 78 78 76
Selling, General & Admin Expense		 17 18 19 8.36 18 18 21 21 20 19 20
Marketing Expense		 31 31 30 31 32 28 31 34 35 32 33
Research & Development Expense		 20 20 20 21 20 18 21 23 23 22 22
Restructuring Charge		 - 1.03 1.69 1.07 - 4.74 0.86 1.51 0.65 4.88 0.78
Other Special Charges / (Income)		 - 0.03 8.20 -101 - -0.04 0.08 0.10 0.07 0.50 -0.00
Total Other Income / (Expense), net		 2.45 2.85 2.71 3.49 3.62 8.17 3.98 3.03 2.20 1.58 1.70
Other Income / (Expense), net		 2.45 2.85 2.71 3.49 3.62 8.17 3.98 3.03 2.20 1.58 1.70
Income Tax Expense		 1.25 -0.15 1.03 14 -2.58 1.41 0.86 0.74 -1.86 1.03 0.51
Basic Earnings per Share		 ($0.08) ($0.63) ($1.56) $2.96 ($0.34) ($0.21) ($0.22) ($0.17) ($0.03) ($0.47) ($0.27)
Weighted Average Basic Shares Outstanding		 29.36M 29.40M 28.88M 28.71M 28.91M 28.72M 28.91M 28.64M 28.61M 27.98M 27.04M
Diluted Earnings per Share		 ($0.08) ($0.63) ($1.56) $2.90 ($0.29) ($0.21) ($0.22) ($0.17) ($0.03) ($0.47) ($0.27)
Weighted Average Diluted Shares Outstanding		 29.36M 29.40M 28.88M 29.36M 29.68M 28.72M 28.91M 28.64M 28.61M 27.98M 27.04M
Weighted Average Basic & Diluted Shares Outstanding		 29.66M 29.07M 28.68M 28.77M 28.87M 28.78M 29.01M 28.40M 28.11M 26.84M 27.18M

Annual Cash Flow Statements for NETGEAR

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 41 59 -38 -1.82 -11 156 -83 -117 30 110 -77
Net Cash From Operating Activities		 111 118 88 -103 14 181 -4.58 -14 57 165 1.61
Net Cash From Continuing Operating Activities		 111 135 100 -15 14 181 -4.58 -14 57 165 1.61
Net Income / (Loss) Continuing Operations		 49 70 -11 17 26 58 49 -69 -105 12 -18
Consolidated Net Income / (Loss)		 49 76 19 -18 26 58 49 -69 -105 12 -18
Depreciation Expense		 36 30 23 19 19 19 14 10 7.16 6.51 8.00
Amortization Expense		 -0.06 0.17 - - - - - - -3.29 -3.65 -0.63
Non-Cash Adjustments To Reconcile Net Income		 15 19 24 29 33 45 31 66 22 29 33
Changes in Operating Assets and Liabilities, net		 12 15 65 -81 -65 59 -99 -21 136 121 -21
Net Cash From Investing Activities		 5.96 -49 -20 -43 49 -17 -9.99 -80 -27 -26 -23
Net Cash From Continuing Investing Activities		 5.96 -39 -16 28 49 -17 -9.99 -80 -27 -26 -23
Purchase of Property, Plant & Equipment		 -14 -10 -10 -12 -14 -10 -9.86 -5.76 -5.80 -8.99 -21
Acquisitions		 0.00 0.00 0.00 -14 - - - - 0.00 0.00 -12
Purchase of Investments		 -110 -144 -141 -83 -7.10 -6.83 -0.83 -154 -137 -137 -110
Sale and/or Maturity of Investments		 130 115 136 138 71 0.29 0.71 80 115 120 120
Net Cash From Financing Activities		 -76 -11 -105 145 -74 -8.06 -68 -24 0.80 -29 -56
Net Cash From Continuing Financing Activities		 -76 -11 -105 -26 -74 -8.06 -68 -24 0.80 -29 -56
Repurchase of Common Equity		 -118 -38 -113 -30 -76 -24 -75 -24 0.00 -33 -51
Issuance of Common Equity		 2.99 3.89 4.76 5.55 3.62 3.88 4.92 4.42 3.59 3.57 3.65
Other Financing Activities, net		 38 23 3.09 -1.22 -1.49 12 1.96 -4.06 -2.79 0.61 -8.50
Cash Income Taxes Paid		 40 35 32 23 8.88 8.22 21 9.40 7.19 7.74 14

Quarterly Cash Flow Statements for NETGEAR

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/31/2024 3/30/2025 6/29/2025 9/28/2025 12/31/2025 3/29/2026 6/28/2026
Net Change in Cash & Equivalents		 45 -4.06 4.45 97 13 -17 -29 -38 6.42 -26 -9.18
Net Cash From Operating Activities		 56 17 18 108 21 -8.74 -1.77 -7.38 20 1.64 -10
Net Cash From Continuing Operating Activities		 56 17 18 108 21 -8.74 -1.77 -7.38 20 1.64 -10
Net Income / (Loss) Continuing Operations		 -1.67 -19 -45 85 -8.89 -6.03 -6.43 -4.78 -0.68 -13 -7.25
Consolidated Net Income / (Loss)		 -1.67 -19 -45 85 -8.89 -6.03 -6.43 -4.78 -0.68 -13 -7.25
Depreciation Expense		 1.67 1.49 1.56 1.71 1.75 1.68 1.61 1.82 2.89 3.62 3.60
Non-Cash Adjustments To Reconcile Net Income		 3.84 4.88 6.61 7.02 6.77 6.94 6.89 9.36 10 10 13
Changes in Operating Assets and Liabilities, net		 52 29 55 14 22 -11 -3.84 -14 7.63 0.33 -19
Net Cash From Investing Activities		 -11 -11 -1.57 -11 -2.27 -1.26 -16 -9.66 3.92 -3.97 18
Net Cash From Continuing Investing Activities		 -11 -11 -1.57 -11 -2.27 -1.26 -16 -9.66 3.92 -3.97 18
Purchase of Property, Plant & Equipment		 -2.20 -2.51 -2.31 -1.69 -2.49 -1.40 -3.53 -9.70 -5.88 -3.82 -1.45
Purchase of Investments		 -39 -39 -29 -40 -30 -30 -30 -30 -20 -30 -10
Sale and/or Maturity of Investments		 30 30 30 30 30 30 30 30 30 30 30
Net Cash From Financing Activities		 -0.05 -9.91 -12 -0.03 -6.54 -6.62 -11 -20 -17 -24 -17
Net Cash From Continuing Financing Activities		 -0.05 -9.91 -12 -0.03 -6.54 -6.62 -11 -20 -17 -24 -17
Repurchase of Common Equity		 - -11 -10 -1.47 -10 -8.16 -7.50 -20 -15 -20 -13
Other Financing Activities, net		 -0.05 -0.45 -2.43 -0.14 3.63 -0.55 -3.88 -2.06 -2.00 -6.50 -4.57

Annual Balance Sheets for NETGEAR

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,051 1,184 1,209 1,043 956 1,106 1,079 1,020 847 850 836
Total Current Assets		 821 963 1,016 858 744 893 883 834 748 758 673
Cash & Equivalents		 182 240 203 201 190 346 264 147 177 286 210
Short-Term Investments		 96 126 127 73 5.50 6.86 7.74 81 107 122 113
Accounts Receivable		 291 314 413 304 277 337 261 277 185 156 142
Inventories, net		 213 248 246 244 235 172 316 300 249 163 176
Prepaid Expenses		 39 35 27 36 36 31 35 30 30 31 32
Plant, Property, & Equipment, net		 22 19 21 20 18 16 13 9.23 8.27 11 26
Total Noncurrent Assets		 207 202 172 165 194 197 182 176 91 81 137
Goodwill		 82 85 85 81 81 81 81 36 36 36 45
Intangible Assets		 49 38 25 17 10 3.90 1.86 1.33 0.00 0.00 38
Other Noncurrent Operating Assets		 76 79 62 67 103 112 100 139 55 45 53
Total Liabilities & Shareholders' Equity		 1,051 1,184 1,209 1,043 956 1,106 1,079 1,020 847 850 836
Total Liabilities		 342 388 478 416 347 417 382 399 312 309 338
Total Current Liabilities		 316 357 424 384 298 365 341 346 264 270 250
Accounts Payable		 91 112 112 140 81 91 74 86 47 58 44
Accrued Expenses		 166 171 222 199 190 218 225 213 168 148 144
Current Deferred Revenue		 29 35 55 11 6.45 13 17 21 27 30 27
Current Deferred & Payable Income Tax Liabilities		 1.95 5.15 7.02 2.02 1.84 7.32 1.53 1.69 1.04 9.97 0.81
Current Employee Benefit Liabilities		 28 33 28 32 20 35 25 24 21 23 35
Total Noncurrent Liabilities		 26 31 54 32 49 52 41 53 47 39 88
Noncurrent Deferred Revenue		 14 15 32 20 15 19 19 15 13 7.58 7.18
Other Noncurrent Operating Liabilities		 12 16 22 12 33 32 22 38 35 31 81
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		 709 797 730 628 609 689 697 621 535 541 498
Total Preferred & Common Equity		 709 797 730 628 609 689 697 621 535 541 498
Preferred Stock		 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 709 797 730 628 609 689 697 621 535 541 498
Common Stock		 513 566 603 794 831 883 923 946 968 998 1,037
Retained Earnings		 196 229 128 -166 -223 -193 -227 -325 -432 -457 -539
Accumulated Other Comprehensive Income / (Loss)		 0.00 1.94 -0.85 -0.02 0.02 -0.04 0.15 -0.54 0.14 0.24 0.20

Quarterly Balance Sheets for NETGEAR

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

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 4/2/2023 7/2/2023 10/1/2023 3/31/2024 6/30/2024 9/29/2024 3/30/2025 6/29/2025 9/28/2025 3/29/2026 6/28/2026
Total Assets		 988 927 842 801 754 863 814 804 811 802 789
Total Current Assets		 799 734 741 704 658 769 724 699 682 643 634
Cash & Equivalents		 143 106 131 173 177 274 270 241 203 183 174
Short-Term Investments		 96 96 97 117 117 122 122 122 123 113 94
Accounts Receivable		 193 179 201 173 147 177 143 145 160 142 153
Inventories, net		 337 324 281 211 189 162 158 157 167 169 175
Prepaid Expenses		 30 27 31 30 27 34 31 33 29 35 38
Plant, Property, & Equipment, net		 8.27 8.04 8.27 9.35 11 11 11 14 23 26 25
Total Noncurrent Assets		 180 185 94 88 85 83 79 91 106 133 130
Goodwill		 36 36 36 36 36 36 36 46 46 45 45
Intangible Assets		 1.20 1.07 0.00 0.00 0.00 0.00 0.00 4.36 4.08 37 36
Other Noncurrent Operating Assets		 143 147 57 52 49 46 43 41 56 51 49
Total Liabilities & Shareholders' Equity		 988 927 842 801 754 863 814 804 811 802 789
Total Liabilities		 370 314 310 290 295 312 280 280 304 331 332
Total Current Liabilities		 318 264 260 244 253 271 242 243 239 249 255
Accounts Payable		 80 36 47 38 40 52 55 59 58 43 54
Accrued Expenses		 190 178 168 155 160 155 128 127 125 139 149
Current Deferred Revenue		 22 23 25 28 29 30 30 29 28 26 25
Current Deferred & Payable Income Tax Liabilities		 3.70 5.20 0.77 0.71 0.67 15 10 0.76 0.84 1.82 1.04
Current Employee Benefit Liabilities		 22 22 19 22 24 20 19 27 28 38 26
Total Noncurrent Liabilities		 52 49 50 46 42 41 38 37 65 82 77
Noncurrent Deferred Revenue		 15 12 13 12 8.08 8.51 7.84 8.35 8.54 6.70 6.71
Other Noncurrent Operating Liabilities		 37 37 37 34 34 32 30 29 56 75 70
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		 619 613 533 511 459 550 534 523 507 471 456
Total Preferred & Common Equity		 619 613 533 511 459 550 534 523 507 471 456
Preferred Stock		 - - - - - - - - - - 0.00
Total Common Equity		 619 613 533 511 459 550 534 523 507 471 456
Common Stock		 953 958 963 974 980 988 1,010 1,017 1,028 1,047 1,057
Retained Earnings		 -335 -345 -431 -463 -521 -437 -476 -494 -521 -576 -601
Accumulated Other Comprehensive Income / (Loss)		 0.05 0.11 0.01 0.02 -0.10 0.15 -0.08 -0.03 0.15 -0.03 -0.03

Annual Metrics And Ratios for NETGEAR

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -6.66% -12.09% -9.12% 1.89% -5.67% 25.68% -6.94% -20.17% -20.55% -9.05% 3.84%
EBITDA Growth		 83.12% 11.87% -50.79% -12.85% -15.67% 83.22% -11.51% -190.61% 83.36% 362.23% -133.91%
EBIT Growth		 179.50% 23.53% -58.12% -11.08% -24.61% 139.43% -7.48% -225.22% 76.67% 230.06% -167.41%
NOPAT Growth		 504.75% 43.71% -114.71% 251.48% 47.12% 172.31% -19.27% -215.61% 59.87% 126.05% -493.96%
Net Income Growth		 452.84% 56.12% -74.38% -194.30% 240.71% 126.02% -15.28% -239.69% -51.86% 111.80% -244.97%
EPS Growth		 500.00% 56.12% -74.38% -194.30% 389.29% 134.57% -16.32% -249.69% -50.00% 111.76% -250.00%
Operating Cash Flow Growth		 2.01% 6.33% -25.94% -217.92% 113.10% 1,239.37% -102.53% -199.89% 514.02% 189.87% -99.03%
Free Cash Flow Firm Growth		 19.15% -16.01% -71.27% 216.73% -158.64% 476.42% -128.05% 32.92% 551.87% 6.13% -152.83%
Invested Capital Growth		 -7.32% 0.09% -7.00% -11.85% 16.93% -18.63% 26.55% -7.49% -35.99% -47.44% 32.04%
Revenue Q/Q Growth		 0.59% -13.46% -12.89% 32.49% -3.48% 10.00% -9.03% -0.22% -7.54% -0.92% 0.01%
EBITDA Q/Q Growth		 168.85% -6.12% -44.14% 322.58% -22.86% 52.53% -31.04% -17.30% 43.28% -25.87% 50.02%
EBIT Q/Q Growth		 890.92% -5.13% -52.87% 1,487.48% -33.29% 78.08% -34.20% -13.66% 33.62% -30.73% 34.71%
NOPAT Q/Q Growth		 489.50% -7.55% -115.67% -92.84% -3.32% 111.28% -38.48% -18.64% 21.85% -54.41% 23.24%
Net Income Q/Q Growth		 457.87% 0.40% -73.55% 18.26% 1,684.21% 116.50% -39.27% -7.90% 4.01% -36.86% 31.40%
EPS Q/Q Growth		 596.55% 0.40% -73.55% 18.26% 268.18% 111.11% -40.67% -10.19% 4.03% -33.33% 29.21%
Operating Cash Flow Q/Q Growth		 -29.23% -8.25% 1.42% -272.17% 106.35% -1.89% -112.18% -181.39% 1,406.67% -17.43% -55.14%
Free Cash Flow Firm Q/Q Growth		 -33.42% -29.88% -44.51% -70.81% -77.24% -0.01% -987.03% 51.14% 36.34% -23.20% -16.32%
Invested Capital Q/Q Growth		 8.26% 15.14% -0.75% -12.72% -8.05% -1.00% 2.07% -6.62% -17.36% -14.37% -3.15%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 28.27% 32.70% 29.61% 32.27% 29.46% 29.65% 31.32% 26.87% 33.64% 29.08% 38.05%
EBITDA Margin		 9.31% 11.84% 6.41% 5.48% 4.90% 7.15% 6.80% -7.72% -1.62% 4.66% -1.35%
Operating Margin		 6.56% 9.23% 4.09% 3.66% 2.62% 6.02% 5.70% -8.89% -4.49% 1.81% -4.88%
EBIT Margin		 6.56% 9.21% 4.24% 3.70% 2.96% 5.64% 5.61% -8.80% -2.58% 3.69% -2.40%
Profit (Net Income) Margin		 3.74% 6.63% 1.87% -1.73% 2.58% 4.64% 4.23% -7.40% -14.14% 1.83% -2.56%
Tax Burden Percent		 56.78% 71.22% 42.05% -42.42% 87.22% 82.33% 75.40% 84.11% 547.49% 49.67% 106.84%
Interest Burden Percent		 100.35% 101.11% 104.79% 110.15% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 43.22% 33.98% 124.08% 59.90% 12.78% 17.67% 24.60% 0.00% 0.00% 50.33% 0.00%
Return on Invested Capital (ROIC)		 10.83% 16.17% -2.47% 4.12% 5.96% 16.61% 13.19% -14.18% -7.22% 3.16% -15.57%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.79% 14.25% -11.00% 15.33% 4.71% 18.03% 13.45% -9.79% 24.66% 1.34% -17.20%
Return on Net Nonoperating Assets (RNNOA)		 -4.04% -6.10% 5.01% -6.82% -1.79% -7.63% -6.06% 3.71% -10.90% -0.86% 12.12%
Return on Equity (ROE)		 6.79% 10.08% 2.55% -2.70% 4.17% 8.98% 7.13% -10.47% -18.12% 2.30% -3.45%
Cash Return on Invested Capital (CROIC)		 18.43% 16.08% 4.79% 16.72% -9.65% 37.14% -10.25% -6.39% 36.66% 65.35% -43.18%
Operating Return on Assets (OROA)		 8.12% 9.43% 3.69% 3.48% 2.96% 6.87% 6.00% -7.82% -2.05% 2.93% -1.99%
Return on Assets (ROA)		 4.63% 6.79% 1.62% -1.63% 2.58% 5.65% 4.52% -6.58% -11.22% 1.46% -2.13%
Return on Common Equity (ROCE)		 6.79% 10.08% 2.55% -2.70% 4.17% 8.98% 7.13% -10.47% -18.12% 2.30% -3.45%
Return on Equity Simple (ROE_SIMPLE)		 6.86% 9.52% 2.66% -2.92% 4.24% 8.46% 7.09% -11.11% -19.56% 2.28% 0.00%
Net Operating Profit after Tax (NOPAT)		 48 70 -10 16 23 62 50 -58 -23 6.07 -24
NOPAT Margin		 3.73% 6.09% -0.99% 1.47% 2.29% 4.96% 4.30% -6.23% -3.14% 0.90% -3.42%
Net Nonoperating Expense Percent (NNEP)		 0.04% 1.92% 8.53% -11.21% 1.26% -1.42% -0.26% -4.39% -31.88% 1.82% 1.64%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -9.35% -4.35% 1.12% -4.80%
Cost of Revenue to Revenue		 71.73% 67.30% 70.39% 67.73% 70.54% 70.35% 68.68% 73.13% 66.36% 70.92% 61.95%
SG&A Expenses to Revenue		 3.48% 4.72% 5.25% 6.13% 4.95% 4.87% 5.11% 6.04% 8.94% 9.42% 11.28%
R&D to Revenue		 6.65% 6.20% 6.92% 7.78% 7.81% 7.07% 7.96% 9.48% 11.24% 12.03% 12.25%
Operating Expenses to Revenue		 21.71% 23.47% 25.52% 28.62% 26.84% 23.63% 25.62% 35.76% 38.14% 27.27% 42.93%
Earnings before Interest and Taxes (EBIT)		 85 105 44 39 30 71 66 -82 -19 25 -17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 121 135 67 58 49 90 79 -72 -12 31 -9.41
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.86 2.26 2.53 2.62 1.21 1.78 1.23 0.84 0.81 1.48 1.40
Price to Tangible Book Value (P/TBV)		 2.28 2.67 2.98 3.10 1.43 2.03 1.39 0.90 0.86 1.59 1.68
Price to Revenue (P/Rev)		 1.02 1.57 1.78 1.55 0.74 0.98 0.73 0.56 0.58 1.19 1.00
Price to Earnings (P/E)		 27.18 23.70 95.13 0.00 28.65 21.11 17.31 0.00 0.00 64.86 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		 3.68% 4.22% 1.05% 0.00% 3.49% 4.74% 5.78% 0.00% 0.00% 1.54% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.42 3.32 3.79 3.88 1.32 2.61 1.37 0.75 0.59 2.97 2.14
Enterprise Value to Revenue (EV/Rev)		 0.80 1.25 1.46 1.29 0.54 0.70 0.50 0.32 0.20 0.58 0.53
Enterprise Value to EBITDA (EV/EBITDA)		 8.61 10.57 22.80 23.57 11.09 9.77 7.35 0.00 0.00 12.52 0.00
Enterprise Value to EBIT (EV/EBIT)		 12.22 13.59 34.44 34.90 18.37 12.39 8.91 0.00 0.00 15.80 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 21.51 20.56 0.00 88.18 23.78 14.10 11.62 0.00 0.00 64.78 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.38 12.12 17.36 0.00 40.16 4.84 0.00 0.00 2.60 2.39 232.68
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.64 20.67 76.34 21.72 0.00 6.30 0.00 0.00 1.25 3.13 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.37 -0.43 -0.46 -0.44 -0.38 -0.42 -0.45 -0.38 -0.44 -0.64 -0.70
Leverage Ratio		 1.47 1.48 1.57 1.66 1.62 1.59 1.58 1.59 1.61 1.58 1.62
Compound Leverage Factor		 1.47 1.50 1.64 1.83 1.62 1.59 1.58 1.59 1.61 1.58 1.62
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 4.66 4.93 4.04 3.83 2.66 3.45 2.94 1.56 1.60 2.38 1.71
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		 2.60 2.70 2.39 2.23 2.49 2.45 2.59 2.41 2.83 2.81 2.69
Quick Ratio		 1.80 1.91 1.75 1.51 1.58 1.89 1.56 1.46 1.77 2.09 1.86
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 82 69 20 63 -37 139 -39 -26 118 126 -66
Operating Cash Flow to CapEx		 793.93% 1,155.13% 863.16% -842.47% 95.05% 1,759.42% -46.42% -238.53% 980.39% 1,832.30% 7.83%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.24 1.02 0.87 0.94 1.00 1.22 1.07 0.89 0.79 0.79 0.83
Accounts Receivable Turnover		 4.59 3.78 2.86 2.96 3.44 4.09 3.91 3.46 3.20 3.95 4.69
Inventory Turnover		 4.28 3.34 2.96 2.93 2.94 4.33 3.29 2.22 1.79 2.32 2.56
Fixed Asset Turnover		 49.95 54.64 51.79 51.86 52.76 74.35 79.42 82.67 84.68 68.89 37.52
Accounts Payable Turnover		 9.48 7.58 6.52 5.70 6.40 10.30 9.75 8.56 7.43 9.07 8.48
Days Sales Outstanding (DSO)		 79.46 96.48 127.61 123.49 106.13 89.30 93.46 105.42 113.94 92.44 77.80
Days Inventory Outstanding (DIO)		 85.28 109.32 123.19 124.64 124.17 84.24 110.96 164.66 203.62 157.12 142.74
Days Payable Outstanding (DPO)		 38.51 48.14 55.98 64.05 57.06 35.43 37.45 42.63 49.15 40.23 43.05
Cash Conversion Cycle (CCC)		 126.23 157.66 194.83 184.09 173.25 138.11 166.98 227.46 268.41 209.33 177.49
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 430 431 401 353 413 336 425 393 252 132 175
Invested Capital Turnover		 2.91 2.66 2.50 2.81 2.61 3.35 3.07 2.28 2.30 3.51 4.56
Increase / (Decrease) in Invested Capital		 -34 0.39 -30 -48 60 -77 89 -32 -142 -119 42
Enterprise Value (EV)		 1,042 1,432 1,519 1,369 543 877 583 296 148 393 374
Market Capitalization		 1,321 1,798 1,849 1,643 739 1,230 855 523 432 802 697
Book Value per Share		 $22.49 $24.09 $23.21 $19.87 $20.19 $22.77 $23.81 $21.48 $18.09 $18.81 $17.53
Tangible Book Value per Share		 $18.35 $20.36 $19.70 $16.77 $17.18 $19.97 $20.99 $20.18 $16.86 $17.55 $14.59
Total Capital		 709 797 730 628 609 689 697 621 535 541 498
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -278 -366 -330 -274 -196 -353 -272 -227 -284 -409 -323
Capital Expenditures (CapEx)		 14 10 10 12 14 10 9.86 5.76 5.80 8.99 21
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 227 240 261 200 250 175 271 261 200 79 100
Debt-free Net Working Capital (DFNWC)		 505 606 591 474 446 528 542 488 484 488 423
Net Working Capital (NWC)		 505 606 591 474 446 528 542 488 484 488 423
Net Nonoperating Expense (NNE)		 -0.12 -6.20 -30 34 -2.95 3.90 0.82 11 81 -6.29 -5.98
Net Nonoperating Obligations (NNO)		 -278 -366 -330 -274 -196 -353 -272 -227 -284 -409 -323
Total Depreciation and Amortization (D&A)		 36 30 23 19 19 19 14 10 7.16 6.51 7.36
Debt-free, Cash-free Net Working Capital to Revenue		 17.46% 21.00% 25.16% 18.85% 25.03% 13.93% 23.16% 27.98% 26.99% 11.76% 14.30%
Debt-free Net Working Capital to Revenue		 38.85% 53.01% 56.89% 44.76% 44.63% 42.07% 46.41% 52.37% 65.28% 72.42% 60.47%
Net Working Capital to Revenue		 38.85% 53.01% 56.89% 44.76% 44.63% 42.07% 46.41% 52.37% 65.28% 72.42% 60.47%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.92 $1.45 $0.38 ($0.29) $0.83 $1.95 $1.63 ($2.38) ($3.57) $0.43 ($0.63)
Adjusted Weighted Average Basic Shares Outstanding		 52.98M 52.34M 51.28M 31.63M 30.94M 29.90M 30.24M 29.01M 29.36M 28.91M 28.61M
Adjusted Diluted Earnings per Share		 $0.90 $1.41 $0.37 ($0.28) $0.81 $1.90 $1.59 ($2.38) ($3.57) $0.42 ($0.63)
Adjusted Weighted Average Diluted Shares Outstanding		 53.99M 53.89M 52.80M 33.14M 31.97M 30.64M 31.00M 29.01M 29.36M 29.68M 28.61M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.29) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 51.80M 52.62M 50.14M 31.51M 29.45M 30.60M 29.36M 28.91M 29.66M 28.87M 28.11M
Normalized Net Operating Profit after Tax (NOPAT)		 51 72 30 27 23 62 50 -24 -20 -51 -18
Normalized NOPAT Margin		 3.89% 6.32% 2.87% 2.56% 2.29% 4.96% 4.30% -2.54% -2.65% -7.51% -2.62%
Pre Tax Income Margin		 6.58% 9.31% 4.45% 4.08% 2.96% 5.64% 5.61% -8.80% -2.58% 3.69% -2.40%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 242.26% 50.43% 582.22% -163.68% 294.47% 40.83% 151.86% -35.34% 0.00% 267.64% -282.66%

Quarterly Metrics And Ratios for NETGEAR

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/31/2024 3/30/2025 6/29/2025 9/28/2025 12/31/2025 3/29/2026 6/28/2026
DEI Shares Outstanding		 - - - - - - - - - 28,113,151.00 26,839,903.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 28,113,151.00 26,839,903.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.46 -0.27
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -24.26% -9.02% -17.02% -7.58% -3.32% -1.53% 18.51% 0.93% 0.03% -2.00% -1.16%
EBITDA Growth		 115.85% -102.27% -437.43% 3,001.20% -876.64% 82.99% 90.71% -102.20% 103.54% -126.40% 20.62%
EBIT Growth		 95.85% -77.86% -351.44% 5,984.13% -2,628.81% 75.38% 87.40% -104.07% 77.81% -159.53% -21.14%
NOPAT Growth		 76.40% -80.78% -163.58% 143.80% -424.88% 40.88% 79.64% -106.03% 68.55% -6.20% 11.52%
Net Income Growth		 72.39% -92.03% -426.09% 200.32% -432.41% 67.65% 85.77% -105.62% 92.30% -116.11% -12.83%
EPS Growth		 65.22% -90.91% -437.93% 201.05% -262.50% 66.67% 85.90% -105.86% 89.66% -123.81% -22.73%
Operating Cash Flow Growth		 1,240.71% 88.45% 153.32% 313.36% -61.82% -150.90% -109.60% -106.86% -9.19% 118.80% -470.05%
Free Cash Flow Firm Growth		 497.88% 1,080.98% 1,062.82% 54.58% -21.97% -50.33% -100.62% -113.27% -141.99% -159.21% -2,566.31%
Invested Capital Growth		 -35.99% -41.49% -59.73% -49.27% -47.44% -35.88% -3.26% 16.73% 32.04% 22.72% 18.07%
Revenue Q/Q Growth		 -4.64% -12.77% -12.57% 27.07% -0.24% -11.16% 5.23% 8.23% -1.13% -12.96% 6.13%
EBITDA Q/Q Growth		 -61.62% -1,484.80% -146.02% 337.18% -109.61% 69.67% -34.41% 43.82% 115.47% -2,350.87% 59.43%
EBIT Q/Q Growth		 -125.74% -4,375.71% -134.84% 324.92% -111.54% 59.62% -20.22% 27.37% 37.07% -372.32% 43.88%
NOPAT Q/Q Growth		 -105.98% -653.24% -116.46% 350.26% -112.86% 15.15% 25.46% 25.90% 32.89% -186.51% 37.90%
Net Income Q/Q Growth		 98.03% -1,017.44% -142.23% 288.32% -110.45% 32.10% -6.53% 25.68% 85.68% -1,806.43% 44.38%
EPS Q/Q Growth		 97.21% -687.50% -147.62% 285.90% -110.00% 27.59% -4.76% 22.73% 82.35% -1,466.67% 42.55%
Operating Cash Flow Q/Q Growth		 116.01% -69.45% 7.30% 483.79% -80.05% -140.73% 79.76% -316.83% 364.26% -91.57% -718.25%
Free Cash Flow Firm Q/Q Growth		 -7.10% 1.92% 49.05% 9.52% -53.10% -35.12% -101.85% -2,263.14% -48.41% 8.50% 16.91%
Invested Capital Q/Q Growth		 -17.36% -11.87% -25.63% -6.34% -14.37% 7.51% 12.21% 13.01% -3.15% -0.08% 7.96%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 34.79% 29.31% 22.11% 30.89% 32.55% 34.76% 37.52% 39.15% 40.36% 40.49% 40.21%
EBITDA Margin		 0.66% -10.52% -29.59% 55.24% -5.32% -1.82% -2.32% -1.20% 0.19% -4.88% -1.86%
Operating Margin		 -1.52% -13.15% -32.56% 52.40% -8.27% -7.90% -5.59% -3.83% -2.60% -8.56% -5.01%
EBIT Margin		 -0.22% -11.42% -30.68% 54.30% -6.28% -2.86% -3.26% -2.19% -1.39% -7.56% -4.00%
Profit (Net Income) Margin		 -0.88% -11.33% -31.39% 46.53% -4.87% -3.72% -3.77% -2.59% -0.37% -8.21% -4.30%
Tax Burden Percent		 397.38% 99.21% 102.33% 85.68% 77.53% 130.38% 115.53% 118.21% 26.90% 108.57% 107.61%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 14.32% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -2.45% -22.19% -55.11% 132.92% -20.30% -20.37% -16.83% -11.20% -8.29% -26.32% -13.98%
ROIC Less NNEP Spread (ROIC-NNEP)		 -2.58% -20.87% -50.13% 131.96% -20.78% -21.23% -16.91% -11.24% -9.01% -25.30% -13.55%
Return on Net Nonoperating Assets (RNNOA)		 1.14% 9.76% 23.25% -76.00% 13.37% 13.84% 11.32% 7.68% 6.35% 17.32% 8.74%
Return on Equity (ROE)		 -1.31% -12.43% -31.86% 56.92% -6.93% -6.54% -5.51% -3.52% -1.94% -9.00% -5.24%
Cash Return on Invested Capital (CROIC)		 36.66% 42.36% 67.63% 71.17% 65.35% 51.12% 32.82% -34.03% -43.18% -35.83% -30.18%
Operating Return on Assets (OROA)		 -0.18% -9.25% -25.37% 43.31% -4.99% -2.37% -2.92% -1.83% -1.16% -6.52% -3.49%
Return on Assets (ROA)		 -0.70% -9.18% -25.97% 37.11% -3.87% -3.09% -3.38% -2.16% -0.31% -7.08% -3.75%
Return on Common Equity (ROCE)		 -1.31% -12.43% -31.86% 56.92% -6.93% -6.54% -5.51% -3.52% -1.94% -9.00% -5.24%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -22.24% -32.72% 3.56% 0.00% 4.68% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.01 -15 -33 82 -11 -8.96 -6.68 -4.95 -3.32 -9.51 -5.91
NOPAT Margin		 -1.07% -9.21% -22.79% 44.89% -5.79% -5.53% -3.92% -2.68% -1.82% -5.99% -3.51%
Net Nonoperating Expense Percent (NNEP)		 0.13% -1.32% -4.98% 0.96% 0.48% 0.86% 0.08% 0.05% 0.72% -1.02% -0.43%
Return On Investment Capital (ROIC_SIMPLE)		 -0.38% - - - -1.95% -1.68% -1.28% -0.98% -0.67% -2.02% -1.29%
Cost of Revenue to Revenue		 65.21% 70.69% 77.89% 69.11% 67.45% 65.24% 62.48% 60.85% 59.65% 59.51% 59.79%
SG&A Expenses to Revenue		 9.07% 10.98% 13.33% 4.57% 9.79% 11.15% 12.13% 11.17% 10.71% 12.08% 11.75%
R&D to Revenue		 10.38% 12.29% 13.80% 11.43% 11.02% 11.30% 12.22% 12.64% 12.74% 13.64% 13.25%
Operating Expenses to Revenue		 36.31% 42.46% 54.68% -21.51% 40.82% 42.65% 43.11% 42.98% 42.95% 49.05% 45.22%
Earnings before Interest and Taxes (EBIT)		 -0.42 -19 -44 99 -11 -4.63 -5.56 -4.04 -2.54 -12 -6.74
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.25 -17 -43 101 -9.71 -2.94 -3.96 -2.22 0.34 -7.74 -3.14
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.81 0.91 0.97 1.03 1.48 1.34 1.56 1.67 1.40 1.29 1.34
Price to Tangible Book Value (P/TBV)		 0.86 0.98 1.05 1.11 1.59 1.43 1.73 1.86 1.68 1.56 1.63
Price to Revenue (P/Rev)		 0.58 0.64 0.64 0.84 1.19 1.06 1.17 1.21 1.00 0.87 0.88
Price to Earnings (P/E)		 0.00 0.00 0.00 29.09 64.86 28.57 12.82 0.00 0.00 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		 0.00% 0.00% 0.00% 3.44% 1.54% 3.50% 7.80% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.59 0.80 0.91 1.12 2.97 2.26 2.84 2.89 2.14 1.77 1.83
Enterprise Value to Revenue (EV/Rev)		 0.20 0.25 0.22 0.26 0.58 0.48 0.65 0.75 0.53 0.45 0.50
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 4.10 12.52 7.03 5.38 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 4.84 15.80 8.24 5.84 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 13.06 64.78 23.88 9.47 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.60 2.73 1.28 0.87 2.39 2.32 3.82 145.84 232.68 25.84 95.53
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.25 1.39 0.77 1.06 3.13 3.46 8.51 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.44 -0.47 -0.46 -0.58 -0.64 -0.65 -0.67 -0.68 -0.70 -0.68 -0.64
Leverage Ratio		 1.61 1.58 1.57 1.57 1.58 1.55 1.59 1.58 1.62 1.61 1.63
Compound Leverage Factor		 1.61 1.58 1.57 1.57 1.58 1.55 1.59 1.58 1.62 1.61 1.63
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 1.67 1.67 1.31 2.25 2.24 2.23 2.41 2.28 1.77 1.50 1.47
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		 2.83 2.88 2.60 2.84 2.81 2.99 2.87 2.85 2.69 2.58 2.48
Quick Ratio		 1.77 1.89 1.74 2.11 2.09 2.21 2.09 2.03 1.86 1.76 1.65
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 140 142 212 232 109 71 -1.30 -31 -46 -42 -35
Operating Cash Flow to CapEx		 2,560.10% 684.86% 799.52% 6,390.50% 862.04% -626.72% -50.16% -76.07% 331.54% 43.01% -699.04%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.79 0.81 0.83 0.80 0.79 0.83 0.90 0.84 0.83 0.86 0.87
Accounts Receivable Turnover		 3.20 3.97 4.26 3.60 3.95 4.26 4.78 4.15 4.69 4.89 4.67
Inventory Turnover		 1.79 1.78 1.87 2.16 2.32 2.53 2.67 2.73 2.56 2.58 2.51
Fixed Asset Turnover		 84.68 82.24 72.83 71.91 68.89 64.99 56.47 41.42 37.52 37.16 35.56
Accounts Payable Turnover		 7.43 8.26 12.64 9.64 9.07 10.04 9.32 8.12 8.48 8.62 7.37
Days Sales Outstanding (DSO)		 113.94 92.02 85.75 101.51 92.44 85.77 76.35 87.97 77.80 74.65 78.24
Days Inventory Outstanding (DIO)		 203.62 205.36 195.05 169.15 157.12 144.20 136.86 133.94 142.74 141.43 145.60
Days Payable Outstanding (DPO)		 49.15 44.22 28.88 37.88 40.23 36.36 39.15 44.94 43.05 42.37 49.50
Cash Conversion Cycle (CCC)		 268.41 253.16 251.92 232.79 209.33 193.61 174.06 176.97 177.49 173.72 174.34
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 252 222 165 155 132 142 160 180 175 175 189
Invested Capital Turnover		 2.30 2.41 2.42 2.96 3.51 3.69 4.30 4.18 4.56 4.39 3.99
Increase / (Decrease) in Invested Capital		 -142 -157 -245 -150 -119 -80 -5.37 26 42 32 29
Enterprise Value (EV)		 148 178 150 174 393 322 454 522 374 310 345
Market Capitalization		 432 467 445 570 802 714 817 849 697 606 613
Book Value per Share		 $18.09 $17.40 $15.80 $19.19 $18.81 $18.51 $18.18 $17.47 $17.53 $16.76 $17.01
Tangible Book Value per Share		 $16.86 $16.16 $14.55 $17.92 $17.55 $17.25 $16.43 $15.75 $14.59 $13.84 $14.00
Total Capital		 535 511 459 550 541 534 523 507 498 471 456
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -284 -289 -294 -396 -409 -392 -363 -326 -323 -297 -268
Capital Expenditures (CapEx)		 2.20 2.51 2.31 1.69 2.49 1.40 3.53 9.70 5.88 3.82 1.45
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 200 170 110 102 79 90 92 116 100 98 110
Debt-free Net Working Capital (DFNWC)		 484 459 405 498 488 482 456 443 423 394 378
Net Working Capital (NWC)		 484 459 405 498 488 482 456 443 423 394 378
Net Nonoperating Expense (NNE)		 -0.34 3.50 12 -2.99 -1.67 -2.93 -0.25 -0.17 -2.64 3.53 1.34
Net Nonoperating Obligations (NNO)		 -284 -289 -294 -396 -409 -392 -363 -326 -323 -297 -268
Total Depreciation and Amortization (D&A)		 1.67 1.49 1.56 1.71 1.75 1.68 1.61 1.82 2.89 4.27 3.60
Debt-free, Cash-free Net Working Capital to Revenue		 26.99% 23.45% 15.86% 15.04% 11.76% 13.39% 13.19% 16.64% 14.30% 14.01% 15.90%
Debt-free Net Working Capital to Revenue		 65.28% 63.40% 58.21% 73.23% 72.42% 71.78% 65.27% 63.29% 60.47% 56.59% 54.47%
Net Working Capital to Revenue		 65.28% 63.40% 58.21% 73.23% 72.42% 71.78% 65.27% 63.29% 60.47% 56.59% 54.47%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.08) ($0.63) ($1.56) $2.96 ($0.34) ($0.21) ($0.22) ($0.17) ($0.03) ($0.47) ($0.27)
Adjusted Weighted Average Basic Shares Outstanding		 29.36M 29.40M 28.88M 28.71M 28.91M 28.72M 28.91M 28.64M 28.61M 27.98M 27.04M
Adjusted Diluted Earnings per Share		 ($0.08) ($0.63) ($1.56) $2.90 ($0.29) ($0.21) ($0.22) ($0.17) ($0.03) ($0.47) ($0.27)
Adjusted Weighted Average Diluted Shares Outstanding		 29.36M 29.40M 28.88M 29.36M 29.68M 28.72M 28.91M 28.64M 28.61M 27.98M 27.04M
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		 29.66M 29.07M 28.68M 28.77M 28.87M 28.78M 29.01M 28.40M 28.11M 26.84M 27.18M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.01 -15 -26 -3.41 -11 -5.67 -6.02 -3.82 -2.82 -5.75 -5.36
Normalized NOPAT Margin		 -1.07% -9.21% -17.98% -1.86% -5.79% -3.50% -3.53% -2.07% -1.54% -3.62% -3.18%
Pre Tax Income Margin		 -0.22% -11.42% -30.68% 54.30% -6.28% -2.86% -3.26% -2.19% -1.39% -7.56% -4.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -10.06% -14.27% 117.04% 267.64% 119.32% 42.85% -175.44% -282.66% -251.32% -264.16%

Financials Breakdown Chart

Key Financial Trends

NETGEAR’s latest quarter shows a company still struggling to get back to consistent profitability, but with a relatively strong cash position and signs of improved balance-sheet flexibility compared with a year ago. In Q1 2026, revenue fell from the prior quarter and the company posted another operating loss, while cash generation remained positive but modest. Over the longer run, NETGEAR has moved well away from the extreme volatility seen in 2022–2023, but results are still choppy and dependent on margin discipline and inventory management.

  • Cash remains solid. NETGEAR ended Q1 2026 with $183.5 million in cash and equivalents and $113.0 million in short-term investments, giving it a meaningful liquidity buffer.
  • Balance-sheet leverage appears manageable. Total liabilities were $330.8 million versus $471.2 million of equity, suggesting the company is not overly stretched from a solvency standpoint.
  • Operating cash flow stayed positive. Q1 2026 generated $1.6 million of operating cash flow, which helps offset accounting losses and supports ongoing operations.
  • Other income helped cushion losses. NETGEAR recorded $1.6 million of net other income in Q1 2026, which reduced the pre-tax loss.
  • Gross profit dollars remain substantial. Q1 2026 gross profit was $64.3 million on $158.8 million of revenue, showing the business still has a viable core margin structure despite weak bottom-line results.
  • Revenue softened sequentially. Q1 2026 revenue of $158.8 million was down from $182.5 million in Q4 2025, indicating a weaker start to the year.
  • Inventory remains large. Inventories were $169.3 million in Q1 2026, a sizable working-capital item that can be positive if demand holds, but risky if sell-through slows.
  • Restructuring and special charges continue to appear. Q1 2026 included $4.9 million of restructuring charges and $0.5 million of other special charges, suggesting ongoing cost cleanup or operational changes.
  • Share count has drifted lower than last year. Weighted average diluted shares were 27.98 million in Q1 2026 versus 28.62 million in Q3 2025, which is mildly supportive for per-share metrics if earnings improve.
  • NETGEAR posted an operating loss. Q1 2026 operating income was -$13.6 million, meaning core operations were still not covering expenses.
  • Net loss widened versus the prior quarter. Net loss was $13.0 million in Q1 2026, compared with a $0.7 million loss in Q4 2025.
  • Margins compressed from recent periods. Revenue fell while marketing, SG&A, and R&D spending remained elevated, keeping profitability under pressure.
  • Financing cash outflows continued. NETGEAR used $24.1 million in financing cash flow in Q1 2026, including $20.2 million of share repurchases and other financing outflows.
  • Longer-term earnings trend is still weak. Looking back over the last several years, NETGEAR has swung between profitable and unprofitable quarters, but the more recent pattern leans toward recurring losses outside of a few strong periods.

Overall: NETGEAR’s financial position is not distressed, and the cash balance gives it time to work through the turnaround. But the latest quarter reinforces that the main issue is not liquidity — it’s operating performance. Investors should watch for sustained revenue stabilization, better gross margin control, and a path back to consistent operating profit before getting more constructive on the stock.

08/25/26 03:54 PM ETAI Generated. May Contain Errors.

NETGEAR Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NETGEAR's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

NETGEAR's net income appears to be on a downward trend, with a most recent value of -$17.92 million in 2025, falling from $48.58 million in 2015. The previous period was $12.36 million in 2024. See NETGEAR's forecast for analyst expectations on what's next for the company.

NETGEAR's total operating income in 2025 was -$34.15 million, based on the following breakdown:
  • Total Gross Profit: $266.19 million
  • Total Operating Expenses: $300.34 million

Over the last 10 years, NETGEAR's total revenue changed from $1.30 billion in 2015 to $699.62 million in 2025, a change of -46.2%.

NETGEAR's total liabilities were at $338.45 million at the end of 2025, a 9.5% increase from 2024, and a 1.0% decrease since 2015.

In the past 10 years, NETGEAR's cash and equivalents has ranged from $146.50 million in 2022 to $346.46 million in 2020, and is currently $209.90 million as of their latest financial filing in 2025.

Over the last 10 years, NETGEAR's book value per share changed from 22.49 in 2015 to 17.53 in 2025, a change of -22.1%.


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