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Networking·FFIV
F5, Inc.
NASDAQ · US
Application delivery, load balancing, traffic management, and application security platform supplier.
AI relevance
Data center traffic management and application delivery layer for high-scale AI services and enterprise AI applications.
Price
$363.46
Change
-2.07 (-0.57%)
Market cap
$20.6B
52w range
$224–$483
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
FFIV market performance
Daily close for F5, Inc.
- Latest close
- $363.5
- Range move
- +$104.7 (+40.5%)
- Range high
- $479.8
- Range low
- $224.0
- Latest volume
- 2.1M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1254 rowsFive years of daily close and volume data powering the company chart.
Transcript list
73 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetHold
Analyst expectations
Rating consensus61 ratings
Strong buy
1
Buy
23
Hold
34
Sell
3
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2027-09-30 | $3.70B | $3.68B - $3.74B | $18.20 | $17.84 - $18.95 | $1.37B | $1.28B | $1.06B | $1.50B | 8 rev / 8 EPS |
| 2028-09-30 | $3.96B | $3.81B - $4.14B | $20.22 | $19.09 - $21.26 | $1.47B | $1.38B | $1.15B | $1.60B | 8 rev / 6 EPS |
| 2029-09-30 | $4.19B | $4.02B - $4.35B | $21.56 | $18.56 - $24.56 | $1.65B | $1.57B | $1.30B | $1.69B | 2 rev / 2 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-30 | $886.4M | $879.3M - $892.2M | $4.32 | $4.15 - $4.74 | $323.6M | $300.2M | $249.3M | $358.2M | 5 rev / 8 EPS |
| 2027-03-30 | $884.4M | $872.4M - $895.1M | $4.08 | $3.99 - $4.19 | $306.0M | $283.0M | $235.0M | $357.4M | 7 rev / 8 EPS |
| 2027-06-30 | $934.1M | $926.7M - $940.2M | $4.64 | $4.59 - $4.68 | $345.0M | $322.4M | $267.7M | $377.5M | 3 rev / 4 EPS |
| 2027-09-30 | $998.3M | $990.4M - $1.00B | $5.16 | $5.11 - $5.21 | $380.9M | $358.5M | $297.7M | $403.5M | 3 rev / 3 EPS |
| 2027-12-30 | $959.6M | $952.0M - $965.9M | $4.94 | $4.89 - $4.98 | $365.1M | $343.1M | $284.9M | $387.8M | 6 rev / 4 EPS |
| 2028-03-30 | $947.1M | $939.6M - $953.3M | $4.69 | $4.64 - $4.73 | $347.5M | $325.8M | $270.5M | $382.8M | 5 rev / 4 EPS |
| 2028-06-30 | $997.4M | $989.4M - $1.00B | $5.12 | $5.07 - $5.16 | $377.0M | $355.5M | $295.2M | $403.1M | 4 rev / 5 EPS |
| 2028-09-30 | $1.05B | $1.04B - $1.06B | $5.63 | $5.57 - $5.68 | $412.1M | $390.9M | $324.6M | $425.7M | 3 rev / 4 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 1 | $500.00 |
| Last quarter | 1 | $500.00 |
| Last year | 10 | $384.00 |
| All time | 48 | $255.84 |
Sources: StreetInsider, Benzinga, Pulse 2.0
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-10-28 | RBC Capital | Maintain | Outperform | Outperform |
| 2026-10-28 | Barclays | Maintain | Equal Weight | Equal Weight |
| 2026-10-28 | Evercore ISI Group | Maintain | Outperform | Outperform |
| 2026-10-28 | Morgan Stanley | Maintain | Equal Weight | Equal Weight |
| 2026-10-28 | Piper Sandler | Downgrade | Overweight | Neutral |
| 2026-10-12 | RBC Capital | Maintain | Outperform | Outperform |
| 2026-07-28 | Barclays | Maintain | Equal Weight | Equal Weight |
| 2026-07-28 | Morgan Stanley | Maintain | Equal Weight | Equal Weight |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 3 | 2 | 9 | 0 | 2 |
| 2026-09-01 | 3 | 2 | 7 | 0 | 1 |
| 2026-08-01 | 3 | 2 | 7 | 0 | 1 |
| 2026-07-01 | 3 | 2 | 7 | 0 | 1 |
| 2026-06-01 | 3 | 2 | 7 | 0 | 1 |
| 2026-05-01 | 4 | 2 | 8 | 0 | 1 |
| 2026-04-01 | 4 | 1 | 8 | 0 | 1 |
| 2026-03-01 | 3 | 1 | 10 | 0 | 1 |
FinancialsFY 2026
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2026 | $3.42B | $2.81B | 82.2% | $621.4M | $817.9M | $952.4M | $722.1M | $12.68 |
| FY 2025 | $3.09B | $2.51B | 81.4% | $539.8M | $765.9M | $883.8M | $692.4M | $11.96 |
| FY 2024 | $2.82B | $2.26B | 80.2% | $490.1M | $658.6M | $774.2M | $566.8M | $9.65 |
| FY 2023 | $2.81B | $2.22B | 78.9% | $540.3M | $472.6M | $650.7M | $394.9M | $6.59 |
| FY 2022 | $2.70B | $2.16B | 80.0% | $543.4M | $403.8M | $527.3M | $322.2M | $5.34 |
| FY 2021 | $2.60B | $2.11B | 81.1% | $512.6M | $394.0M | $502.4M | $331.2M | $5.46 |
| FY 2020 | $2.35B | $1.94B | 82.6% | $441.3M | $392.3M | $495.9M | $307.4M | $5.05 |
| FY 2019 | $2.24B | $1.89B | 84.1% | $408.1M | $518.5M | $587.0M | $427.7M | $7.12 |
| FY 2018 | $2.16B | $1.80B | 83.3% | $366.1M | $609.3M | $668.8M | $453.7M | $7.41 |
| FY 2017 | $2.09B | $1.74B | 83.1% | $350.4M | $564.0M | $638.2M | $420.8M | $6.56 |
| FY 2016 | $2.00B | $1.66B | 83.1% | $334.2M | $547.4M | $613.2M | $365.9M | $5.43 |
| FY 2015 | $1.92B | $1.59B | 82.7% | $296.6M | $552.9M | $605.5M | $365.0M | $5.07 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2026 | $959.5M | $90.5M | $868.9M |
| FY 2025 | $949.7M | $43.3M | $906.4M |
| FY 2024 | $792.4M | $30.4M | $762.0M |
| FY 2023 | $653.4M | $54.2M | $599.2M |
| FY 2022 | $442.6M | $33.6M | $409.0M |
| FY 2021 | $645.2M | $30.7M | $614.5M |
| FY 2020 | $660.9M | $59.9M | $601.0M |
| FY 2019 | $747.8M | $103.5M | $644.3M |
| FY 2018 | $761.1M | $53.5M | $707.6M |
| FY 2017 | $740.3M | $38.7M | $697.6M |
| FY 2016 | $711.5M | $63.5M | $643.3M |
| FY 2015 | $684.5M | $60.3M | $617.5M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $1.59B | $448.8M | $261.9M | $386.4M | $7.06B | $212.5M | -$1.38B | $3.06B | $4.01B |
| FY 2025 | $1.34B | $912.7M | $77.2M | $342.5M | $6.32B | $492.5M | -$851.7M | $2.73B | $3.59B |
| FY 2024 | $1.07B | $790.1M | $76.4M | $329.1M | $5.61B | $465.3M | -$609.3M | $2.48B | $3.13B |
| FY 2023 | $803.3M | $828.9M | $72.1M | $365.9M | $5.25B | $520.6M | -$276.6M | $2.45B | $2.80B |
| FY 2022 | $884.6M | $789.7M | $125.4M | $395.7M | $5.28B | $937.0M | $179.0M | $2.81B | $2.47B |
| FY 2021 | $910.6M | $555.9M | $22.1M | $436.1M | $5.00B | $1.01B | $431.2M | $2.64B | $2.36B |
| FY 2020 | $1.21B | $434.3M | $27.9M | $529.9M | $4.68B | $1.11B | $262.2M | $2.45B | $2.23B |
| FY 2019 | $972.3M | $401.4M | $34.4M | $223.4M | $3.39B | $0 | -$599.2M | $1.63B | $1.76B |
| FY 2018 | $1.04B | $295.4M | $30.6M | $145.0M | $2.61B | $0 | -$424.7M | $1.32B | $1.29B |
| FY 2017 | $1.02B | $291.9M | $29.8M | $122.4M | $2.48B | $0 | -$673.2M | $1.25B | $1.23B |
| FY 2016 | $882.4M | $268.2M | $34.1M | $123.2M | $2.31B | $0 | -$514.6M | $1.12B | $1.19B |
| FY 2015 | $774.3M | $279.4M | $33.7M | $95.9M | $2.31B | $0 | -$390.5M | $995.6M | $1.32B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | 82.2% | 23.9% | 21.1% | 1.7x | 1.6x | 18.0% | 13.0% | 7.0x | 25.1x | 3.4% | 18.2% | 126d |
| FY 2025 | 81.4% | 24.8% | 22.4% | 1.5x | 1.5x | 19.3% | 13.8% | 5.8x | 20.2x | 4.8% | 17.5% | 104d |
| FY 2024 | 80.2% | 23.4% | 20.1% | 1.4x | 1.3x | 18.1% | 12.9% | 4.4x | 15.9x | 5.9% | 17.4% | 108d |
| FY 2023 | 78.9% | 16.8% | 14.0% | 1.2x | 1.2x | 14.1% | 10.1% | 3.3x | 14.4x | 6.2% | 19.2% | 113d |
| FY 2022 | 80.0% | 15.0% | 12.0% | 1.0x | 1.0x | 13.0% | 8.8% | 3.3x | 16.9x | 4.7% | 20.2% | 115d |
| FY 2021 | 81.1% | 15.1% | 12.7% | 1.1x | 1.1x | 14.0% | 9.2% | 4.8x | 24.9x | 5.1% | 19.7% | 48d |
| FY 2020 | 82.6% | 16.7% | 13.1% | 1.4x | 1.3x | 13.8% | 8.8% | 3.3x | 15.6x | 8.0% | 18.8% | 35d |
| FY 2019 | 84.1% | 23.1% | 19.1% | 1.4x | 1.3x | 24.3% | 17.9% | 3.5x | 13.3x | 7.6% | 18.2% | 36d |
| FY 2018 | 83.3% | 28.2% | 21.0% | 1.5x | 1.5x | 35.3% | 27.7% | 5.2x | 16.8x | 6.1% | 16.9% | 22d |
| FY 2017 | 83.1% | 27.0% | 20.1% | 1.5x | 1.5x | 34.2% | 26.7% | 3.4x | 11.1x | 9.0% | 16.8% | 29d |
| FY 2016 | 83.1% | 27.4% | 18.3% | 1.5x | 1.5x | 30.9% | 24.9% | 4.0x | 12.9x | 7.7% | 16.8% | 49d |
| FY 2015 | 82.7% | 28.8% | 19.0% | 1.6x | 1.5x | 27.7% | 23.1% | 4.1x | 13.1x | 7.4% | 15.4% | 34d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | +10.6% | +11.7% | +15.1% | +6.8% | +4.3% | +6.0% | -4.1% | -109.3% | +18.3% | +239.1% | +11.8% | -56.9% |
| FY 2025 | +9.7% | +11.3% | +10.1% | +16.3% | +22.2% | +23.9% | +18.9% | -42.2% | +25.1% | +1.1% | +12.6% | +5.8% |
| FY 2024 | +0.1% | +1.7% | -9.3% | +39.4% | +43.5% | +46.4% | +27.2% | +43.9% | +33.8% | +6.0% | +6.9% | -10.6% |
| FY 2023 | +4.4% | +3.0% | -0.6% | +17.0% | +22.6% | +23.4% | +46.5% | -61.1% | -9.2% | -42.5% | -0.5% | -44.4% |
| FY 2022 | +3.6% | +2.2% | +6.0% | +2.5% | -2.7% | -2.2% | -33.4% | -9.7% | -2.9% | +468.4% | +5.6% | -7.4% |
| FY 2021 | +10.7% | +8.6% | +16.2% | +0.4% | +7.7% | +8.1% | +2.3% | +48.9% | -24.7% | -20.9% | +6.8% | -9.0% |
| FY 2020 | +4.8% | +3.0% | +8.2% | -24.3% | -28.1% | -29.1% | -6.7% | +42.1% | +24.4% | -18.9% | +38.0% | 0.0% |
| FY 2019 | +3.7% | +4.8% | +11.5% | -14.9% | -5.7% | -3.9% | -8.9% | -93.7% | -6.5% | +12.5% | +30.1% | 0.0% |
| FY 2018 | +3.4% | +3.6% | +4.5% | +8.0% | +7.8% | +13.0% | +1.4% | -38.2% | +2.2% | +2.5% | +5.2% | 0.0% |
| FY 2017 | +4.8% | +4.7% | +4.8% | +3.0% | +15.0% | +20.8% | +8.4% | +43.3% | +15.2% | -12.4% | +7.4% | 0.0% |
| FY 2016 | +3.9% | +4.4% | +12.7% | -1.0% | +0.2% | +7.1% | +4.2% | -1.7% | +14.0% | +1.0% | -0.3% | 0.0% |
| FY 2015 | +10.8% | +11.6% | +12.4% | +12.0% | +17.3% | +22.8% | +17.3% | -195.3% | +20.0% | +37.8% | +5.8% | 0.0% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $3.09B
Service$1.58B · 51.1%
Product$1.51B · 48.9%
Latest geography mixFY 2025 · $3.09B
Americas$1.72B · 55.8%
EMEA$827.2M · 26.8%
Asia Pacific$536.8M · 17.4%
Product revenue annual
| Period | Total | Service | Product |
|---|---|---|---|
| FY 2025 | $3.09B | $1.58B | $1.51B |
| FY 2024 | $2.82B | $1.54B | $1.27B |
| FY 2023 | $2.81B | $1.48B | $1.33B |
| FY 2022 | $2.70B | $1.38B | $1.32B |
| FY 2021 | $2.60B | $1.36B | $1.25B |
| FY 2020 | $2.35B | $1.32B | $1.03B |
| FY 2019 | $2.24B | $1.26B | $985.6M |
Geography revenue annual
| Period | Total | Americas | EMEA | Asia Pacific | JAPAN |
|---|---|---|---|---|---|
| FY 2025 | $3.09B | $1.72B | $827.2M | $536.8M | -- |
| FY 2024 | $2.82B | $1.58B | $755.9M | $478.9M | -- |
| FY 2023 | $2.81B | $1.58B | $741.6M | $487.2M | -- |
| FY 2022 | $2.70B | $1.57B | $634.8M | $488.2M | -- |
| FY 2021 | $2.60B | $1.46B | $667.2M | $478.5M | -- |
| FY 2020 | $2.35B | $1.32B | $593.3M | $440.4M | -- |
| FY 2019 | $2.24B | $1.25B | $553.7M | $443.1M | -- |
| FY 2018 | $2.16B | $1.20B | $546.2M | $315.6M | $95.3M |
| FY 2017 | $2.09B | $1.19B | $506.6M | $302.9M | $95.1M |
| FY 2016 | $2.00B | $1.13B | $488.0M | $287.0M | $94.8M |
| FY 2015 | $1.92B | $1.10B | $464.1M | $267.9M | $88.3M |
| FY 2014 | $1.73B | $985.8M | $404.3M | $251.8M | $90.1M |
Transcripts73 on file
Transcripts
Events
Events
Next earnings
2027-01-26EPS est $4.36
Latest news
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24/7 Wall Street · 2026-10-29