InsiderClue
Stocks · Technology · Computer Communications Equipment

F5, Inc.

FFIV Clue Score66
United States Fiscal year ends September CIK 0001048695
$479.83 +3.94% Close, 9 Oct 2026
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Price $479.83 +137.19% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2,090.0Operating income564.0Net income420.8EPS, diluted6.50Fiscal year 2018Revenue2,161.4 +3.4%Operating income590.9Net income453.7 +7.8%EPS, diluted7.32 +12.6%Fiscal year 2019Revenue2,242.4 +3.7%Operating income518.5Net income427.7 −5.7%EPS, diluted7.08 −3.3%Fiscal year 2020Revenue2,350.8 +4.8%Operating income392.3Net income307.4 −28.1%EPS, diluted5.01 −29.2%Fiscal year 2021Revenue2,603.4 +10.7%Operating income394.0Net income331.2 +7.7%EPS, diluted5.34 +6.6%Fiscal year 2022Revenue2,695.8 +3.6%Operating income403.8Net income322.2 −2.7%EPS, diluted5.27 −1.3%Fiscal year 2023Revenue2,813.2 +4.4%Operating income472.6Net income394.9 +22.6%EPS, diluted6.55 +24.3%Fiscal year 2024Revenue2,816.1 +0.1%Operating income658.6Net income566.8 +43.5%EPS, diluted9.55 +45.8%Fiscal year 2025Revenue3,088.1 +9.7%Operating income765.9Net income692.4 +22.2%EPS, diluted11.80 +23.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,090.0 2,161.4 2,242.4 2,350.8 2,603.4 2,695.8 2,813.2 2,816.1 3,088.1
Growth +3.4% +3.7% +4.8% +10.7% +3.6% +4.4% +0.1% +9.7%
Operating income 564.0 590.9 518.5 392.3 394.0 403.8 472.6 658.6 765.9
Net income 420.8 453.7 427.7 307.4 331.2 322.2 394.9 566.8 692.4
Growth +7.8% −5.7% −28.1% +7.7% −2.7% +22.6% +43.5% +22.2%
EPS, diluted 6.50 7.32 7.08 5.01 5.34 5.27 6.55 9.55 11.80
Growth +12.6% −3.3% −29.2% +6.6% −1.3% +24.3% +45.8% +23.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin83.1%Operating margin27.0%Net margin20.1%Free cash flow margin33.6%Fiscal year 2018Gross margin83.3%Operating margin27.3%Net margin21.0%Free cash flow margin32.7%Fiscal year 2019Gross margin84.1%Operating margin23.1%Net margin19.1%Free cash flow margin28.7%Fiscal year 2020Gross margin82.6%Operating margin16.7%Net margin13.1%Free cash flow margin25.6%Fiscal year 2021Gross margin81.1%Operating margin15.1%Net margin12.7%Free cash flow margin23.6%Fiscal year 2022Gross margin80.0%Operating margin15.0%Net margin12.0%Free cash flow margin15.2%Fiscal year 2023Gross margin78.9%Operating margin16.8%Net margin14.0%Free cash flow margin21.3%Fiscal year 2024Gross margin80.2%Operating margin23.4%Net margin20.1%Free cash flow margin27.1%Fiscal year 2025Gross margin81.4%Operating margin24.8%Net margin22.4%Free cash flow margin29.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 83.1% 83.3% 84.1% 82.6% 81.1% 80.0% 78.9% 80.2% 81.4%
Operating margin 27.0% 27.3% 23.1% 16.7% 15.1% 15.0% 16.8% 23.4% 24.8%
Net margin 20.1% 21.0% 19.1% 13.1% 12.7% 12.0% 14.0% 20.1% 22.4%
Free cash flow margin 33.6% 32.7% 28.7% 25.6% 23.6% 15.2% 21.3% 27.1% 29.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow740.3Capital expenditure−38.7Free cash flow701.6Buybacks−600.1Fiscal year 2018Operating cash flow761.1Capital expenditure−53.5Free cash flow707.6 +0.9%Buybacks−600.1Fiscal year 2019Operating cash flow747.8Capital expenditure−103.5Free cash flow644.3 −8.9%Buybacks−201.0Fiscal year 2020Operating cash flow660.9Capital expenditure−59.9Free cash flow601.0 −6.7%Buybacks−100.0Fiscal year 2021Operating cash flow645.2Capital expenditure−30.7Free cash flow614.5 +2.3%Buybacks−500.0Fiscal year 2022Operating cash flow442.6Capital expenditure−33.6Free cash flow409.0 −33.4%Buybacks−500.0Fiscal year 2023Operating cash flow653.4Capital expenditure−54.2Free cash flow599.2 +46.5%Buybacks−350.0Fiscal year 2024Operating cash flow792.4Capital expenditure−30.4Free cash flow762.0 +27.2%Buybacks−500.6Fiscal year 2025Operating cash flow949.7Capital expenditure−43.3Free cash flow906.4 +18.9%Buybacks−502.1
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 740.3 761.1 747.8 660.9 645.2 442.6 653.4 792.4 949.7
Capital expenditure −38.7 −53.5 −103.5 −59.9 −30.7 −33.6 −54.2 −30.4 −43.3
Free cash flow 701.6 707.6 644.3 601.0 614.5 409.0 599.2 762.0 906.4
Growth +0.9% −8.9% −6.7% +2.3% −33.4% +46.5% +27.2% +18.9%
Buybacks −600.1 −600.1 −201.0 −100.0 −500.0 −500.0 −350.0 −500.6 −502.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash673.2Shareholders’ equity1,229.4Fiscal year 2018Cash424.7Shareholders’ equity1,285.5Fiscal year 2019Cash599.2Total debt0.0Net cash (debt)599.2Shareholders’ equity1,761.5Debt to equity0.00Fiscal year 2020Cash849.6Total debt388.3Net cash (debt)461.2Shareholders’ equity2,232.3Debt to equity0.17Fiscal year 2021Cash581.0Total debt369.0Net cash (debt)211.9Shareholders’ equity2,360.2Debt to equity0.16Fiscal year 2022Cash758.0Total debt349.8Net cash (debt)408.2Shareholders’ equity2,469.0Debt to equity0.14Fiscal year 2023Cash797.2Total debt0.0Net cash (debt)797.2Shareholders’ equity2,800.2Debt to equity0.00Fiscal year 2024Cash1,074.6Shareholders’ equity3,129.4Fiscal year 2025Cash1,344.3Shareholders’ equity3,592.0
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 673.2 424.7 599.2 849.6 581.0 758.0 797.2 1,074.6 1,344.3
Total debt n/a n/a 0.0 388.3 369.0 349.8 0.0 n/a n/a
Net cash (debt) n/a n/a 599.2 461.2 211.9 408.2 797.2 n/a n/a
Shareholders’ equity 1,229.4 1,285.5 1,761.5 2,232.3 2,360.2 2,469.0 2,800.2 3,129.4 3,592.0
Debt to equity n/a n/a 0.00 0.17 0.16 0.14 0.00 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Margins
83.1% 83.3% 84.1% 82.6% 81.1% 80.0% 78.9% 80.2% 81.4%
27.0% 27.3% 23.1% 16.7% 15.1% 15.0% 16.8% 23.4% 24.8%
27.5% 27.9% 24.1% 16.9% 14.9% 14.3% 17.3% 24.7% 26.2%
20.1% 21.0% 19.1% 13.1% 12.7% 12.0% 14.0% 20.1% 22.4%
33.6% 32.7% 28.7% 25.6% 23.6% 15.2% 21.3% 27.1% 29.4%
Spending
16.8% 16.9% 18.2% 18.8% 19.7% 20.2% 19.2% 17.4% 17.5%
7.5% 7.4% 9.4% 11.0% 10.5% 10.2% 9.4% 9.5% 10.4%
1.9% 2.5% 4.6% 2.5% 1.2% 1.2% 1.9% 1.1% 1.4%
26.9% 24.9% 21.0% 22.4% 14.4% 16.4% 18.7% 18.5% 14.3%
Returns
34.2% 35.3% 24.3% 13.8% 14.0% 13.0% 14.1% 18.1% 19.3%
17.0% 17.4% 12.6% 6.6% 6.6% 6.1% 7.5% 10.1% 11.0%
Balance and payout
n/a n/a 0.00 0.17 0.16 0.14 0.00 n/a n/a
n/a n/a 48.0% n/a n/a n/a n/a n/a n/a
85.5% 84.8% 31.2% 16.6% 81.4% 122.3% 58.4% 65.7% 55.4%