Stocktoria

F5, INC. FFIV

Nasdaq · stock · Computer Communications Equipment · website · IPO 1999-06-04

F5, INC. statistics & valuation

Market cap$22.3B
P / E32.1×
P / S7.2×
P / B6.2×
P / FCF24.6×
Net margin22.4%
Return on equity19.3%
FCF margin29.4%
Return on capital16.3%
Graham number -69.9%$127.48

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($127.48); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
18.30% 20.10% 21.00% 19.10% 13.10% 12.70% 12.00% 14.00% 20.10% 22.40% 2016201720182019202020212022202320242025
Gross margin (%)
83.10% 83.10% 83.30% 84.10% 82.60% 81.10% 80.00% 78.90% 80.20% 81.40% 2016201720182019202020212022202320242025
Operating margin (%)
27.40% 27.00% 27.30% 23.10% 16.70% 15.10% 15.00% 16.80% 23.40% 24.80% 2016201720182019202020212022202320242025
Return on equity (%)
30.90% 34.20% 35.30% 24.30% 13.80% 14.00% 13.00% 14.10% 18.10% 19.30% 2016201720182019202020212022202320242025
Shares outstanding
68.0M 64.8M 62.0M 60.5M 61.4M 62.1M 61.1M 60.3M 59.4M 58.7M 2016201720182019202020212022202320242025
Net debt ($)
-$599.2M -$480.5M -$231.2M -$758.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
15.90% 17.00% 17.40% 12.60% 6.60% 6.60% 6.10% 7.50% 10.10% 11.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
32.50% 33.60% 32.70% 28.70% 25.60% 23.60% 15.20% 21.30% 27.10% 29.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 0.17× 0.15× 0.00× 2016201720182019202020212022202320242025
EPS ($)
$5.38 $6.50 $7.32 $7.08 $5.01 $5.34 $5.27 $6.55 $9.55 $11.80 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

F5, INC. trades at about 35.8× earnings — above its 10-year norm (10-year range 18.7×–39.5×, median 24.5×).

18.7× 39.5×

Shaded band = 10-year range (18.7×–39.5×); dot = today's 35.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin81.4%80.2%78.9%80.0%81.1%82.6%84.1%83.3%83.1%83.1%
Operating margin24.8%23.4%16.8%15.0%15.1%16.7%23.1%27.3%27.0%27.4%
Net margin22.4%20.1%14.0%12.0%12.7%13.1%19.1%21.0%20.1%18.3%
FCF margin29.4%27.1%21.3%15.2%23.6%25.6%28.7%32.7%33.6%32.5%
Return on assets11.0%10.1%7.5%6.1%6.6%6.6%12.6%17.4%17.0%15.9%
Return on equity19.3%18.1%14.1%13.0%14.0%13.8%24.3%35.3%34.2%30.9%
Debt / equity———0.00×0.15×0.17×0.00×———
Current ratio1.561.421.261.041.161.391.371.491.501.53

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.