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Stocks / United States / FFIV · Computer Communications Equipment · Nasdaq

F5, Inc. (FFIV)

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F5, Inc. (FFIV) reported revenue of $865 million for Q3 FY2026, the quarter ended 30 June 2026, up 10.9% on the same quarter a year earlier. Net income was $208 million, up 9.6% on the year, and diluted earnings per share $3.62. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$865 millionup 10.9%
Net income$208 millionup 9.6%
Diluted EPS$3.62
QuarterQ3 FY2026ended 30 June 2026

Ratios

From the filings

ROE18.8%
ROCE21.1%
Operating margin24.5%
Net margin22.0%
FCF margin29.3%
Interest covern/a
Debt to equity0.00
Cash conversion1.44
Share count, 1 year-1.8%
Sales CAGR, 3 years4.6%
Profit CAGR, 3 years29.0%
EPS, TTM$12.55

At the close of 21 September 2026

Price$450.10
Market cap$25.6 billion
Stock P/E35.86
Price to book6.63
EV / EBITDA26.36
Dividend yieldn/a
Market cap / sales7.73
52-week high$450.10
52-week low$223.99
Price, 1 year36.9%
Price CAGR, 3 years41.6%
Price CAGR, 5 years17.8%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as F5, Inc. files it, at the balance sheet of 30 September 2022, the latest that carries it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on FFIV

Filings18 in twelve months: 8 current reports (8-K), about 5 officer or director change; 4 results of operations; 2 regulation fd disclosure; 1 other events; 1 shareholder vote
Planned insider sales53 Form 144 notices in twelve months, $29.8 million; latest 14 September 2026
Options tapeput/call 0.82 by open interest on 23 September 2026; the straddle prices a 8.0% move to 16 October 2026
Holders10 of the followed funds hold it; largest Geode Capital Management; 10 Schedule 13D or 13G filings in twelve months
Insider trading72 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest1.6 million shares short, 3.39 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue707693681695747766731780810822812865
Cost of revenue141136141136144141141149144152151154
Gross profit566556540559603626590632666671661712
Gross margin80%80%79%80%81%82%81%81%82%82%81%82%
R&D128120122124124131137136136141151165
Operating income172165140163191205159196206214179213
Operating margin24%24%21%23%26%27%22%25%25%26%22%25%
Pre-tax income175174146172204209171213215223189226
Tax rate13%21%18%16%19%20%15%11%11%19%22%8%
Net income152138119144165166146190190180148208
Net margin22%20%17%21%22%22%20%24%24%22%18%24%
Diluted EPS$2.53$2.32$2.00$2.44$2.79$2.82$2.48$3.25$3.25$3.10$2.58$3.62
Operating cash flow190165222159247203257282208159366316
Capital expenditure15.49.09.55.86.18.110.58.516.19.718.335.6
Free cash flow174156212153240195246274192149348281
Buybacks60.0150100150101n/an/a125n/an/an/a100
Shares outstanding59m59m59m58m58m58m58m58m58m57m57m57m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,7321,9201,9952,0902,1612,2422,3512,6032,6962,8132,8163,0883,309
Cost of revenue310332337353361357408493540593558574600
Gross profit1,4221,5881,6581,7371,8001,8861,9432,1102,1562,2202,2582,5142,709
Gross margin82.1%82.7%83.1%83.1%83.3%84.1%82.6%81.1%80.0%78.9%80.2%81.4%81.9%
Research and development264297334350366408441513543540490540593
Operating income494553547564591518392394404473659766812
Operating margin28.5%28.8%27.4%27.0%27.3%23.1%16.7%15.1%15.0%16.8%23.4%24.8%24.5%
Pre-tax income497561550576604541396387385486695808853
Income tax18619618415515011389.055.763.291.0129116127
Effective tax rate37.4%35.0%33.5%26.9%24.9%21.0%22.4%14.4%16.4%18.7%18.5%14.3%14.9%
Net income311365366421454428307331322395567692727
Net margin18.0%19.0%18.3%20.1%21.0%19.1%13.1%12.7%12.0%14.0%20.1%22.4%22.0%
Diluted EPS$4.09$5.03$5.38$6.50$7.32$7.08$5.01$5.34$5.27$6.55$9.55$11.80$12.55
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow5496857127407617486616454436537929501,049
Capital expenditure22.760.363.538.753.510459.930.733.654.230.443.379.8
Free cash flow526624648702708644601615409599762906970
Free cash flow margin30.4%32.5%32.5%33.6%32.7%28.7%25.6%23.6%15.2%21.3%27.1%29.4%29.3%
Depreciation and amortisation46.152.656.861.159.568.595.911511611310792.497.4
Share-based compensation127146157175158163202243249237219231251
Buybacks651607700600600201100500500350501502n/a
Diluted shares, weighted76m73m68m65m62m60m61m62m61m60m59m59m58m
Shares outstanding at period end73m70m65m63m60m60m61m61m60m59m58m58m57m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets2,1852,3122,3062,4812,6053,3904,6784,9975,2765,2485,6136,3196,829
Cash and equivalents2823905156734255998505817587971,0751,3441,606
Receivables242279268292295322296341470455389414429
Inventory24.533.734.129.830.634.427.922.168.435.976.477.2127
Goodwill5575565565565561,0651,8592,2172,2592,2892,3122,4442,482
Long-term debtn/an/an/an/an/a0.03693500.0n/an/an/an/a
Operating lease liabilitiesn/an/an/an/an/a0.0339297272240216231219
Shareholders' equity1,3691,3171,1851,2291,2851,7612,2322,3602,4692,8003,1293,5923,856
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded4.9%5.6%4.6%9.4%
Profit growth, compounded6.6%17.6%29.0%8.9%
Return on equity, average21.7%15.7%17.2%19.3%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Computer Communications Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Cisco Systems, Inc. CSCO$439.8 billion33.4726.4%24.3%11.8%0.451.5%
Arista Networks, Inc. ANET$259.1 billion65.0127.3%43.1%32.6%n/an/a
F5, Inc. FFIV$25.6 billion35.8618.8%24.5%9.4%0.00n/a

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-Q31 December 20255 February 2026EDGAR
10-K30 September 202525 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-Q31 December 20247 February 2025EDGAR
10-K30 September 202418 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20246 May 2024EDGAR

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