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Stocks · Technology · Services-Computer Integrated Systems Design

NETSCOUT SYSTEMS INC

NTCT Clue Score60
United States Fiscal year ends March CIK 0001078075
$40.69 +3.54% Close, 9 Oct 2026
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Price $40.69 +50.98% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 13 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 2017Revenue1,162.1Operating income62.1Net income33.3EPS, diluted0.36Fiscal year 2018Revenue986.8 −15.1%Operating income−4.1Net income79.8 +139.7%EPS, diluted0.90 +150.0%Fiscal year 2019Revenue909.9 −7.8%Operating income−71.6Net income−73.3 −191.9%EPS, diluted−0.93 −203.3%Fiscal year 2020Revenue891.8 −2.0%Operating income17.6Net income−2.8EPS, diluted−0.04Fiscal year 2021Revenue831.3 −6.8%Operating income37.1Net income19.4EPS, diluted0.26Fiscal year 2022Revenue855.6 +2.9%Operating income48.6Net income35.9 +85.4%EPS, diluted0.48 +84.6%Fiscal year 2023Revenue914.5 +6.9%Operating income77.7Net income59.6 +66.3%EPS, diluted0.82 +70.8%Fiscal year 2024Revenue829.5 −9.3%Operating income−149.8Net income−147.7 −347.7%EPS, diluted−2.07 −352.4%Fiscal year 2025Revenue822.7 −0.8%Operating income−367.6Net income−366.9EPS, diluted−5.12Fiscal year 2026Revenue859.5 +4.5%Operating income109.8Net income95.5EPS, diluted1.30
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 1,162.1 986.8 909.9 891.8 831.3 855.6 914.5 829.5 822.7 859.5
Growth −15.1% −7.8% −2.0% −6.8% +2.9% +6.9% −9.3% −0.8% +4.5%
Operating income 62.1 −4.1 −71.6 17.6 37.1 48.6 77.7 −149.8 −367.6 109.8
Net income 33.3 79.8 −73.3 −2.8 19.4 35.9 59.6 −147.7 −366.9 95.5
Growth +139.7% −191.9% +85.4% +66.3% −347.7%
EPS, diluted 0.36 0.90 −0.93 −0.04 0.26 0.48 0.82 −2.07 −5.12 1.30
Growth +150.0% −203.3% +84.6% +70.8% −352.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin70.2%Operating margin5.3%Net margin2.9%Free cash flow margin17.0%Fiscal year 2018Gross margin72.4%Operating margin−0.4%Net margin8.1%Free cash flow margin20.9%Fiscal year 2019Gross margin72.1%Operating margin−7.9%Net margin−8.1%Free cash flow margin13.9%Fiscal year 2020Gross margin72.8%Operating margin2.0%Net margin−0.3%Free cash flow margin23.0%Fiscal year 2021Gross margin73.3%Operating margin4.5%Net margin2.3%Free cash flow margin24.3%Fiscal year 2022Gross margin75.0%Operating margin5.7%Net margin4.2%Free cash flow margin33.4%Fiscal year 2023Gross margin75.6%Operating margin8.5%Net margin6.5%Free cash flow margin16.0%Fiscal year 2024Gross margin77.4%Operating margin−18.1%Net margin−17.8%Free cash flow margin6.3%Fiscal year 2025Gross margin78.3%Operating margin−44.7%Net margin−44.6%Free cash flow margin25.8%Fiscal year 2026Gross margin79.4%Operating margin12.8%Net margin11.1%Free cash flow margin33.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 70.2% 72.4% 72.1% 72.8% 73.3% 75.0% 75.6% 77.4% 78.3% 79.4%
Operating margin 5.3% −0.4% −7.9% 2.0% 4.5% 5.7% 8.5% −18.1% −44.7% 12.8%
Net margin 2.9% 8.1% −8.1% −0.3% 2.3% 4.2% 6.5% −17.8% −44.6% 11.1%
Free cash flow margin 17.0% 20.9% 13.9% 23.0% 24.3% 33.4% 16.0% 6.3% 25.8% 33.2%

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 flow226.8Capital expenditure−29.7Free cash flow197.1Buybacks−80.0Fiscal year 2018Operating cash flow222.5Capital expenditure−15.9Free cash flow206.5 +4.8%Buybacks−501.3Fiscal year 2019Operating cash flow149.8Capital expenditure−23.4Free cash flow126.4 −38.8%Buybacks−14.5Fiscal year 2020Operating cash flow225.0Capital expenditure−19.9Free cash flow205.1 +62.2%Buybacks−175.0Fiscal year 2021Operating cash flow213.9Capital expenditure−12.0Free cash flow201.9 −1.5%Buybacks−3.3Fiscal year 2022Operating cash flow296.0Capital expenditure−10.4Free cash flow285.7 +41.5%Buybacks−35.7Fiscal year 2023Operating cash flow156.7Capital expenditure−10.5Free cash flow146.2 −48.8%Buybacks−150.0Fiscal year 2024Operating cash flow58.8Capital expenditure−6.4Free cash flow52.4 −64.1%Buybacks−50.0Fiscal year 2025Operating cash flow217.7Capital expenditure−5.4Free cash flow212.3 +304.7%Buybacks−25.3Fiscal year 2026Operating cash flow294.5Capital expenditure−9.1Free cash flow285.4 +34.5%Buybacks−60.8
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 226.8 222.5 149.8 225.0 213.9 296.0 156.7 58.8 217.7 294.5
Capital expenditure −29.7 −15.9 −23.4 −19.9 −12.0 −10.4 −10.5 −6.4 −5.4 −9.1
Free cash flow 197.1 206.5 126.4 205.1 201.9 285.7 146.2 52.4 212.3 285.4
Growth +4.8% −38.8% +62.2% −1.5% +41.5% −48.8% −64.1% +304.7% +34.5%
Buybacks −80.0 −501.3 −14.5 −175.0 −3.3 −35.7 −150.0 −50.0 −25.3 −60.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash304.9Total debt300.0Net cash (debt)4.9Shareholders’ equity2,436.3Debt to equity0.12Fiscal year 2018Cash369.8Total debt600.0Net cash (debt)−230.2Shareholders’ equity2,068.8Debt to equity0.29Fiscal year 2019Cash409.6Total debt550.0Net cash (debt)−140.4Shareholders’ equity2,065.4Debt to equity0.27Fiscal year 2020Cash338.5Total debt450.0Net cash (debt)−111.5Shareholders’ equity1,937.9Debt to equity0.23Fiscal year 2021Cash467.2Total debt350.0Net cash (debt)117.2Shareholders’ equity2,005.8Debt to equity0.17Fiscal year 2022Cash636.2Total debt350.0Net cash (debt)286.2Shareholders’ equity2,060.4Debt to equity0.17Fiscal year 2023Cash386.8Total debt100.0Net cash (debt)286.8Shareholders’ equity2,029.6Debt to equity0.05Fiscal year 2024Cash389.7Total debt100.0Net cash (debt)289.7Shareholders’ equity1,892.1Debt to equity0.05Fiscal year 2025Cash457.4Total debt0.0Net cash (debt)457.4Shareholders’ equity1,560.4Debt to equity0.00Fiscal year 2026Cash586.5Shareholders’ equity1,649.3
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 304.9 369.8 409.6 338.5 467.2 636.2 386.8 389.7 457.4 586.5
Total debt 300.0 600.0 550.0 450.0 350.0 350.0 100.0 100.0 0.0 n/a
Net cash (debt) 4.9 −230.2 −140.4 −111.5 117.2 286.2 286.8 289.7 457.4 n/a
Shareholders’ equity 2,436.3 2,068.8 2,065.4 1,937.9 2,005.8 2,060.4 2,029.6 1,892.1 1,560.4 1,649.3
Debt to equity 0.12 0.29 0.27 0.23 0.17 0.17 0.05 0.05 0.00 n/a

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

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Revenue and profit
1,162.1 986.8 909.9 891.8 831.3 855.6 914.5 829.5 822.7 859.5
Growth −15.1% −7.8% −2.0% −6.8% +2.9% +6.9% −9.3% −0.8% +4.5%
346.1 271.9 254.1 242.2 222.1 214.2 223.1 187.4 178.7 177.0
816.0 714.9 655.8 649.6 609.2 641.4 691.4 642.0 643.9 682.5
Growth −12.4% −8.3% −0.9% −6.2% +5.3% +7.8% −7.1% +0.3% +6.0%
232.7 215.1 203.6 188.3 179.2 171.1 176.2 161.2 152.9 159.5
118.4 109.5 93.6 100.0 89.0 97.7 103.5 95.9 96.7 103.2
62.1 −4.1 −71.6 17.6 37.1 48.6 77.7 −149.8 −367.6 109.8
Growth −106.5% +110.5% +31.0% +59.7% −292.9%
52.2 −18.7 −92.9 1.9 22.3 42.9 68.4 −144.5 −365.8 118.5
18.9 −98.5 −19.6 4.7 3.0 7.0 8.8 3.2 1.1 23.0
33.3 79.8 −73.3 −2.8 19.4 35.9 59.6 −147.7 −366.9 95.5
Growth +139.7% −191.9% +85.4% +66.3% −347.7%
Per share
0.36 0.91 −0.93 −0.04 0.26 0.48 0.83 −2.07 −5.12 1.33
0.36 0.90 −0.93 −0.04 0.26 0.48 0.82 −2.07 −5.12 1.30
Growth +150.0% −203.3% +84.6% +70.8% −352.4%
92.2 87.4 78.6 75.2 73.1 74.0 71.8 71.5 71.6 72.0
92.9 88.3 78.6 75.2 73.8 75.1 73.0 71.5 71.6 73.4
Growth −5.0% −10.9% −4.4% −1.8% +1.7% −2.7% −2.2% +0.2% +2.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 0.7% a year over five years, and earnings per share grew 38.0% a year.
  • The share count barely moved in five years.
  • Operating margin is up 8.3 points on five years ago, at 12.8%.
  • A net loss in 4 of 10 years on file.