F5, Inc. (FFIV)
F5, Inc. provides multicloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud. It also offers unified, security, networking, and application management solutions, such as web app and API protection; multi-cloud networking; application delivery and deployment; domain name system; content delivery network; and application deployment and orchestration. In addition, the company provides application security and delivery products, including NGINX Plus; NGINX One Console; NGINX Ingress Controller; WAF for NGINX; BIG-IP Packaged Software; and BIG-IP Systems. Further, it provides a range of professional services, including maintenance, consulting, training, and other technical support services. The company sells its products to large enterprise businesses, public sector institutions, governments, and service providers through distributors, value-added resellers, managed service providers, systems integrators, and other indirect channel partners. It has partnerships with public cloud providers, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The company was formerly known as F5 Networks, Inc. and changed its name to F5, Inc. in November 2021. F5, Inc. was incorporated in 1996 and is headquartered in Seattle, Washington.
- Symbol
- FFIV
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Software - Infrastructure
- Market cap
- $25.80B
- 52 week range
- 223.76 - 462
Valuation
- Share price
- $454.04 (close of 2026-10-02)
- P/E (TTM)
- 35.72x
- Price to book
- 6.69x
- Price to free cash flow
- 26.61x
- Enterprise value
- $24.45B
- Book value per share
- $67.85
Price performance
| Period | Change |
|---|---|
| 1 day | +2.34% |
| 5 days | +2.48% |
| 1 month | +16.10% |
| 3 months | +11.25% |
| 6 months | +49.68% |
| Year to date | +77.87% |
| 1 year | +38.77% |
| 3 years | +180.34% |
| 5 years | +125.45% |
| 10 years | +264.28% |
| All time | +6002.69% |
Members of Congress who disclosed FFIV trades
Julie Johnson · Alan Armstrong
Super investors holding FFIV
Ken Griffin (Citadel) · Stanley Druckenmiller (Duquesne Family Office) · Lee Ainslie (Maverick Capital LTD)
Profitability and growth
- Return on equity
- 19.28%
- Return on invested capital
- 25.90%
- Return on assets
- 10.96%
- Return on capital employed
- 16.27%
- Gross margin
- 81.41%
- Net margin
- 22.42%
- EBITDA margin
- 27.80%
- Revenue growth
- 9.66%
- Net income growth
- 22.16%
- Free cash flow growth
- 18.95%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.76%
- Current ratio
- 1.66x
- Net debt to EBITDA
- -1.47x
Latest reported year
- Period end
- 2025-09-30
- Fiscal year
- 2025
- Revenue
- $3.09B
- Cost of revenue
- $573.98M
- Gross profit
- $2.51B
- EBITDA
- $858.35M
- Net income
- $692.38M
- Earnings per share
- $11.96
- Research and development
- $539.82M
- Shares outstanding
- 57.90M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-09-30 | $3.09B | $2.51B | $692.38M | $11.96 |
| 2024-09-30 | $2.82B | $2.26B | $566.78M | $9.65 |
| 2023-09-30 | $2.81B | $2.22B | $394.95M | $6.59 |
| 2022-09-30 | $2.70B | $2.16B | $322.16M | $5.34 |
| 2021-09-30 | $2.60B | $2.11B | $331.24M | $5.46 |
| 2020-09-30 | $2.35B | $1.94B | $307.44M | $5.05 |
| 2019-09-30 | $2.24B | $1.89B | $427.73M | $7.12 |
| 2018-09-30 | $2.16B | $1.80B | $453.69M | $7.41 |
| 2017-09-30 | $2.09B | $1.74B | $420.76M | $6.56 |
| 2016-09-30 | $2.00B | $1.66B | $365.86M | $5.43 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-09-30 | 81.41% | 22.42% | 19.28% | 25.90% |
| 2024-09-30 | 80.20% | 20.13% | 18.11% | 23.00% |
| 2023-09-30 | 78.91% | 14.04% | 14.10% | 16.75% |
| 2022-09-30 | 79.98% | 11.95% | 13.05% | 15.14% |
| 2021-09-30 | 81.06% | 12.72% | 14.03% | 15.63% |
| 2020-09-30 | 82.65% | 13.08% | 13.77% | 16.89% |
| 2019-09-30 | 84.10% | 19.07% | 24.28% | 51.33% |
| 2018-09-30 | 83.28% | 20.99% | 35.29% | 179.14% |
| 2017-09-30 | 83.09% | 20.13% | 34.23% | 192.60% |
| 2016-09-30 | 83.10% | 18.34% | 30.87% | 119.97% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-09-30 | $1.34B | - |
| 2024-09-30 | $1.07B | - |
| 2023-09-30 | $803.32M | - |
| 2022-09-30 | $884.57M | - |
| 2021-09-30 | $910.61M | $349.77M |
| 2020-09-30 | $1.21B | $369.05M |
| 2019-09-30 | $972.28M | - |
| 2018-09-30 | $1.04B | - |
| 2017-09-30 | $1.02B | - |
| 2016-09-30 | $882.39M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-09-30 | $906.41M | $231.49M |
| 2024-09-30 | $762.01M | $219.11M |
| 2023-09-30 | $599.23M | $236.65M |
| 2022-09-30 | $409.01M | $249.22M |
| 2021-09-30 | $614.54M | $243.28M |
| 2020-09-30 | $600.96M | $201.95M |
| 2019-09-30 | $644.30M | $162.91M |
| 2018-09-30 | $707.60M | $157.85M |
| 2017-09-30 | $701.60M | $175.33M |
| 2016-09-30 | $648.05M | $156.76M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-26
- Consensus EPS estimate
- $3.32
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-27 | Jun/2026 | $3.04 |
| 2026-04-28 | Mar/2026 | $2.55 |
| 2026-01-27 | Dec/2025 | $2.83 |
| 2025-10-27 | Sep/2025 | $3.19 |
| 2025-07-30 | Jun/2025 | $2.74 |
| 2025-04-28 | Mar/2025 | $2.33 |
| 2025-01-28 | Dec/2024 | $2.59 |
| 2024-10-28 | Sep/2024 | $2.72 |
Filings and sources
- Company website
- f5.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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