NETGEAR (NTGR) Stock Fundamentals, Analysis & Risk Signals

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

NETGEAR

NasdaqGS•Technology•Communication Equipment

$22.23+1.25(0.06%)Market closed

Market Cap

$587.06M

P/S

0.8x

P/B

1.3x

NETGEAR, Inc. provides networking technologies for businesses, homes, and service providers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Enterprise and Consumer. It offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls. The company also provides pro AV Solutions, which includes Ethernet switches and WiFi access points; NETGEAR Engage Controller, a software that provides centralized, profile-based configuration, and unified management; NETGEAR Insight Remote Management; Pro Routers; enterprise-grade cloud managed or standalone access points; general purpose ethernet switches; and NETGEAR Exium Security Solutions, a security software that provides on-premises next-generation firewall and cloud-based secure access service edge. It markets and sells its products through wholesale distributors, traditional and online retailers, direct market resellers, value-added resellers, managed service provider, and broadband service providers, as well as through its direct online store. NETGEAR, Inc. was incorporated in 1996 and is headquartered in San Jose, California.

How this company scores

AverageMetricSide Score: 45/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Growth (8/25).

Profitability11/25

Growth8/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality11/25

Strengths

Long cash runwayInterest easily coveredCash-backed earningsNet cash position

Valuation vs. 5-year range

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

P/E · 12.9x5y range 12.7x – 64.1x

Currently below its 6-quarter median.

P/S · 0.8x5y range 0.5x – 1.2x

Currently above its 20-quarter median.

P/B · 1.3x5y range 0.7x – 1.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 165.3% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $587.06M

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $694.41M
Q. Revenue: $168.56M
TTM EBITDA: $-21.92M
TTM Op. Income: $-33.85M
Q. Op. Income: $-8.44M
TTM Net Income: $-25.75M
Q. Net Income: $-7.25M
EPS: $-0.27
Shares Out.: $27.04M

$694.41M in TTM revenue declined 0.5% YoY, reaching $168.56M last quarter. TTM EBITDA of $-21.92M and TTM operating income of $-33.85M show growth is flowing through to the bottom line. However, net income is negative at $25.75M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 40.2%
EBITDA Margin: -2.9%
Op. Margin: -5.0%
Net Margin: -4.3%

Op. margin of -5.0% is up 0.6% YoY — cost efficiency is improving. Net margin at -4.3% and gross margin of 40.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 10% — an improving trend.

Price Ratios

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

P/E Ratio: N/A
P/S Ratio: 0.8x
P/B Ratio: 1.3x

P/S of 0.8x and P/B of 1.3x. P/S is low relative to typical market levels. Across the last 4 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $788.70M
Cash: $174.30M
Long-Term Debt: N/A
Book Value: $456.43M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

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

Op. Cash Flow: $-10.16M
TTM Free Cash Flow: $-17.26M
FCF Margin: -2.5%
FCF / Net Income: 0.7

TTM FCF of $-17.26M on $-10.16M in operating cash flow. The FCF / Net Income ratio of 0.7x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 116% — a weakening trend.