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Stocks · Technology · Computer Communications Equipment

NETGEAR, INC.

NTGR Clue Score31
United States Fiscal year ends December CIK 0001122904
$23.60 +1.72% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $23.60 −28.46% 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 2016Revenue1,143.4Operating income105.5Net income75.9EPS, diluted2.25Fiscal year 2017Revenue1,039.2 −9.1%Operating income42.6Net income19.4 −74.4%EPS, diluted0.61 −72.9%Fiscal year 2018Revenue1,058.8 +1.9%Operating income38.7Net income−9.2 −147.1%EPS, diluted−0.28 −145.9%Fiscal year 2019Revenue998.8 −5.7%Operating income26.2Net income25.8EPS, diluted0.81Fiscal year 2020Revenue1,255.2 +25.7%Operating income75.5Net income58.3 +126.0%EPS, diluted1.90 +134.6%Fiscal year 2021Revenue1,168.1 −6.9%Operating income66.6Net income49.4 −15.3%EPS, diluted1.59 −16.3%Fiscal year 2022Revenue932.5 −20.2%Operating income−82.9Net income−69.0 −239.7%EPS, diluted−2.38 −249.7%Fiscal year 2023Revenue740.8 −20.6%Operating income−33.3Net income−104.8EPS, diluted−3.57Fiscal year 2024Revenue673.8 −9.1%Operating income12.2Net income12.4EPS, diluted0.42Fiscal year 2025Revenue699.6 +3.8%Operating income−34.2Net income−17.9 −245.0%EPS, diluted−0.63 −250.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,143.4 1,039.2 1,058.8 998.8 1,255.2 1,168.1 932.5 740.8 673.8 699.6
Growth −9.1% +1.9% −5.7% +25.7% −6.9% −20.2% −20.6% −9.1% +3.8%
Operating income 105.5 42.6 38.7 26.2 75.5 66.6 −82.9 −33.3 12.2 −34.2
Net income 75.9 19.4 −9.2 25.8 58.3 49.4 −69.0 −104.8 12.4 −17.9
Growth −74.4% −147.1% +126.0% −15.3% −239.7% −245.0%
EPS, diluted 2.25 0.61 −0.28 0.81 1.90 1.59 −2.38 −3.57 0.42 −0.63
Growth −72.9% −145.9% +134.6% −16.3% −249.7% −250.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin32.7%Operating margin9.2%Net margin6.6%Free cash flow margin9.4%Fiscal year 2017Gross margin29.6%Operating margin4.1%Net margin1.9%Free cash flow margin7.4%Fiscal year 2018Gross margin32.3%Operating margin3.7%Net margin−0.9%Free cash flow margin−10.9%Fiscal year 2019Gross margin29.5%Operating margin2.6%Net margin2.6%Free cash flow margin−0.1%Fiscal year 2020Gross margin29.6%Operating margin6.0%Net margin4.6%Free cash flow margin13.6%Fiscal year 2021Gross margin31.3%Operating margin5.7%Net margin4.2%Free cash flow margin−1.2%Fiscal year 2022Gross margin26.9%Operating margin−8.9%Net margin−7.4%Free cash flow margin−2.1%Fiscal year 2023Gross margin33.6%Operating margin−4.5%Net margin−14.1%Free cash flow margin6.9%Fiscal year 2024Gross margin29.1%Operating margin1.8%Net margin1.8%Free cash flow margin23.1%Fiscal year 2025Gross margin38.0%Operating margin−4.9%Net margin−2.6%Free cash flow margin−2.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 32.7% 29.6% 32.3% 29.5% 29.6% 31.3% 26.9% 33.6% 29.1% 38.0%
Operating margin 9.2% 4.1% 3.7% 2.6% 6.0% 5.7% −8.9% −4.5% 1.8% −4.9%
Net margin 6.6% 1.9% −0.9% 2.6% 4.6% 4.2% −7.4% −14.1% 1.8% −2.6%
Free cash flow margin 9.4% 7.4% −10.9% −0.1% 13.6% −1.2% −2.1% 6.9% 23.1% −2.7%

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 2016Operating cash flow118.2Capital expenditure−10.2Free cash flow108.0Buybacks−38.3Fiscal year 2017Operating cash flow87.5Capital expenditure−10.1Free cash flow77.4 −28.3%Buybacks−113.2Fiscal year 2018Operating cash flow−103.2Capital expenditure−12.3Free cash flow−115.5 −249.2%Buybacks−30.0Fiscal year 2019Operating cash flow13.5Capital expenditure−14.2Free cash flow−0.7Buybacks−75.9Fiscal year 2020Operating cash flow181.2Capital expenditure−10.3Free cash flow170.9Buybacks−23.8Fiscal year 2021Operating cash flow−4.6Capital expenditure−9.9Free cash flow−14.4 −108.5%Buybacks−75.0Fiscal year 2022Operating cash flow−13.7Capital expenditure−5.8Free cash flow−19.5Buybacks−24.4Fiscal year 2023Operating cash flow56.9Capital expenditure−5.8Free cash flow51.1Buybacks0.0Fiscal year 2024Operating cash flow164.8Capital expenditure−9.0Free cash flow155.8 +205.2%Buybacks−33.1Fiscal year 2025Operating cash flow1.6Capital expenditure−20.5Free cash flow−18.9 −112.1%Buybacks−50.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 118.2 87.5 −103.2 13.5 181.2 −4.6 −13.7 56.9 164.8 1.6
Capital expenditure −10.2 −10.1 −12.3 −14.2 −10.3 −9.9 −5.8 −5.8 −9.0 −20.5
Free cash flow 108.0 77.4 −115.5 −0.7 170.9 −14.4 −19.5 51.1 155.8 −18.9
Growth −28.3% −249.2% −108.5% +205.2% −112.1%
Buybacks −38.3 −113.2 −30.0 −75.9 −23.8 −75.0 −24.4 0.0 −33.1 −50.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash240.5Shareholders’ equity796.8Fiscal year 2017Cash202.7Shareholders’ equity730.5Fiscal year 2018Cash201.0Shareholders’ equity627.6Fiscal year 2019Cash190.2Shareholders’ equity608.7Fiscal year 2020Cash346.5Shareholders’ equity689.4Fiscal year 2021Cash263.8Shareholders’ equity696.8Fiscal year 2022Cash146.5Shareholders’ equity620.9Fiscal year 2023Cash176.7Shareholders’ equity535.5Fiscal year 2024Cash286.4Shareholders’ equity541.1Fiscal year 2025Cash209.9Shareholders’ equity497.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 240.5 202.7 201.0 190.2 346.5 263.8 146.5 176.7 286.4 209.9
Shareholders’ equity 796.8 730.5 627.6 608.7 689.4 696.8 620.9 535.5 541.1 497.8

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

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,143.4 1,039.2 1,058.8 998.8 1,255.2 1,168.1 932.5 740.8 673.8 699.6
Growth −9.1% +1.9% −5.7% +25.7% −6.9% −20.2% −20.6% −9.1% +3.8%
769.5 731.5 717.1 704.5 883.1 802.2 681.9 491.6 477.8 433.4
373.9 307.7 341.7 294.2 372.2 365.8 250.5 249.3 195.9 266.2
Growth −17.7% +11.0% −13.9% +26.5% −1.7% −31.5% −0.5% −21.4% +35.9%
70.9 71.9 82.4 78.0 88.8 93.0 88.4 83.3 81.1 85.7
54.0 54.3 64.9 49.4 61.1 59.7 56.3 66.2 63.5 78.9
105.5 42.6 38.7 26.2 75.5 66.6 −82.9 −33.3 12.2 −34.2
Growth −59.7% −9.0% −32.4% +188.5% −11.8% −224.5% −379.6%
106.5 46.2 43.2 29.6 70.8 65.5 −82.0 −19.1 24.9 −16.8
36.2 57.4 25.9 3.8 12.5 16.1 −13.0 85.6 12.5 1.1
75.9 19.4 −9.2 25.8 58.3 49.4 −69.0 −104.8 12.4 −17.9
Growth −74.4% −147.1% +126.0% −15.3% −239.7% −245.0%
Per share
2.32 0.61 −0.29 0.83 1.95 1.63 −2.38 −3.57 0.43 −0.63
2.25 0.61 −0.28 0.81 1.90 1.59 −2.38 −3.57 0.42 −0.63
Growth −72.9% −145.9% +134.6% −16.3% −249.7% −250.0%
32.8 32.1 31.6 30.9 29.9 30.2 29.0 29.4 28.9 28.6
33.7 32.1 33.1 32.0 30.6 31.0 29.0 29.4 29.7 28.6
Growth −4.8% +3.2% −3.5% −4.1% +1.2% −6.4% +1.2% +1.1% −3.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 11.0% a year over five years.
  • The diluted share count fell 6.6% in five years, so buybacks did some of the work per share.
  • Operating margin is down 10.9 points on five years ago, at -4.9%.
  • A net loss in 4 of 10 years on file.