F5 (FFIV) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NasdaqGS•Technology•Software - Infrastructure

$434.62+11.03(0.03%)After hours

Market Cap

$24.22B

P/E

33.3x

P/S

7.3x

P/B

6.3x

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.

How this company scores

ExcellentMetricSide Score: 80/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability25/25

Growth19/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality21/25

Strengths

Strong marginsHigh ROEInterest easily coveredCash-backed earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 33.3x5y range 18.2x – 44.3x

Currently above its 20-quarter median.

P/S · 7.3x5y range 3.1x – 7.3x

Currently above its 20-quarter median.

P/B · 6.3x5y range 3.2x – 6.3x

Price & Volume

Market Cap $24.22B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.31B
Q. Revenue: $865.08M
TTM EBITDA: $909.53M
TTM Op. Income: $812.13M
Q. Op. Income: $213.27M
TTM Net Income: $726.51M
Q. Net Income: $208.21M
EPS: $3.67
Shares Out.: $56.73M

$3.31B in TTM revenue grew 9.4% YoY, reaching $865.08M last quarter. TTM EBITDA of $909.53M and TTM operating income of $812.13M show growth is flowing through to the bottom line. TTM net income of $726.51M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 82.2%
EBITDA Margin: 27.4%
Op. Margin: 24.7%
Net Margin: 24.1%

Op. margin of 24.7% is down 0.5% YoY — costs are rising relative to revenue. Net margin at 24.1% and gross margin of 82.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 2% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 33.3x
P/S Ratio: 7.3x
P/B Ratio: 6.3x

At 33.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 7.3x and P/B of 6.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.83B
Cash: $1.61B
Long-Term Debt: N/A
Book Value: $3.86B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $316.25M
TTM Free Cash Flow: $969.60M
FCF Margin: 29.3%
FCF / Net Income: 1.3

TTM FCF of $969.60M on $316.25M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.