Overview Dividends

(FFIV) F5 Networks - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3156161024

Load Balancer, Firewall, WAF, API Gateway, CDN

Communications Equipment
Market Cap in USD: 15,258m

IPO / Inception: 1999-06-04
Return 12m vs S&P 500: -12.7%

EPS (Earnings per Share)

EPS CAGR: 11.79%
EPS Trend: 85.3%

Last SUE: 2.51
Qual. Beats: 6

Revenue

Rev. CAGR: 4.49%
Rev. Trend: 82.5%

Last SUE: 0.90
Qual. Beats: 2

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	25.0%
Value at Risk 5%th	37.8%
Relative Tail Risk	-8.12%

Reward TTM
Sharpe Ratio	0.09
Alpha	-15.01
CAGR/Max DD	0.64

Character TTM
Hurst Exponent	0.592
Beta	0.989
Beta Downside	1.142

Drawdowns 3y
Max DD	34.73%
Mean DD	6.62%
Median DD	4.13%

Description: FFIV F5 Networks December 19, 2025

F5, Inc. (NASDAQ:FFIV) delivers multicloud application security and delivery solutions across a global footprint, enabling customers to run workloads on-premises, in public clouds, or in hybrid environments. Its portfolio spans unified networking and security functions-including web-app and API protection, multi-cloud networking, DNS, CDN, and orchestration tools-plus a suite of products such as NGINX Plus, NGINX One Console, BIG-IP hardware/software, and associated professional services.

According to the FY 2023 Form 10-K, F5 generated $2.98 billion in revenue, a 7 % year-over-year increase, with non-GAAP operating margin expanding to 23 %. NGINX-related subscriptions now represent roughly 30 % of total revenue, reflecting the market’s shift toward software-defined, cloud-native delivery. The company’s subscription-based ARR grew at ~15 % CAGR over the past three years, underscoring the recurring-revenue model’s resilience.

Key macro drivers for F5’s market include the accelerating adoption of multi-cloud architectures (projected to reach 80 % of enterprise workloads by 2026) and rising enterprise security spend, which the IDC forecasts will grow at 9 % annually through 2027. Additionally, the surge in API-centric applications fuels demand for NGINX Ingress Controller and WAF solutions, positioning F5 to capture a larger share of the API security segment.

For a deeper, data-driven assessment of FFIV’s valuation metrics and scenario analysis, consider exploring the detailed model on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (692.4m TTM) > 0 and > 6% of Revenue (6% = 185.3m TTM)

FCFTA 0.14 (>2.0%) and ΔFCFTA 0.77pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 29.34% (prev 22.01%; Δ 7.33pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.15 (>3.0%) and CFO 949.7m > Net Income 692.4m (YES >=105%, WARN >=100%)

Net Debt (-1.11b) to EBITDA (879.3m) ratio: -1.27 <= 3.0 (WARN <= 3.5)

Current Ratio 1.56 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (58.4m) change vs 12m ago -1.59% (target <= -2.0% for YES)

Gross Margin 81.74% (prev 80.20%; Δ 1.55pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 51.76% (prev 50.17%; Δ 1.59pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -36.34 (EBITDA TTM 879.3m / Interest Expense TTM -21.6m) >= 6 (WARN >= 3)

Altman Z'' 5.05

(A) 0.14 = (Total Current Assets 2.52b - Total Current Liabilities 1.61b) / Total Assets 6.32b

(B) 0.56 = Retained Earnings (Balance) 3.57b / Total Assets 6.32b

(D) 1.32 = Book Value of Equity 3.59b / Total Liabilities 2.73b

Total Rating: 5.05 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 91.69

1. Piotroski 6.50pt

2. FCF Yield 6.41%

3. FCF Margin 29.35%

4. Debt/Equity 0.06

5. Debt/Ebitda -1.27

6. ROIC - WACC (= 10.91)%

7. RoE 20.34%

8. Rev. Trend 82.48%

9. EPS Trend 85.32%

What is the price of FFIV shares?

As of December 21, 2025, the stock is trading at USD 256.91 with a total of 3,168,195 shares traded.
Over the past week, the price has changed by -2.19%, over one month by +14.70%, over three months by -21.84% and over the past year by +2.60%.

Is FFIV a buy, sell or hold?

F5 Networks has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold FFIV.

Strong Buy: 0
Buy: 1
Hold: 11
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the FFIV price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	291.5	13.5%
Analysts Target Price	291.5	13.5%
ValueRay Target Price	252	-1.9%

FFIV Fundamental Data Overview December 16, 2025

Market Cap USD = 15.26b (15.26b USD * 1.0 USD.USD)
P/E Trailing = 22.2791
P/E Forward = 17.5747
P/S = 4.9411
P/B = 4.2479
P/EG = 2.0684
Beta = 0.993
Revenue TTM = 3.09b USD
EBIT TTM = 786.7m USD
EBITDA TTM = 879.3m USD
Long Term Debt = 261.8m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 30.4m USD (from shortTermDebt, two quarters ago)
Debt = 230.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.11b USD (from netDebt column, last quarter)
Enterprise Value = 14.14b USD (15.26b + Debt 230.7m - CCE 1.34b)
Interest Coverage Ratio = -36.34 (Ebit TTM 786.7m / Interest Expense TTM -21.6m)
FCF Yield = 6.41% (FCF TTM 906.4m / Enterprise Value 14.14b)
FCF Margin = 29.35% (FCF TTM 906.4m / Revenue TTM 3.09b)
Net Margin = 22.42% (Net Income TTM 692.4m / Revenue TTM 3.09b)
Gross Margin = 81.74% ((Revenue TTM 3.09b - Cost of Revenue TTM 563.7m) / Revenue TTM)
Gross Margin QoQ = 82.24% (prev 82.27%)
Tobins Q-Ratio = 2.24 (Enterprise Value 14.14b / Total Assets 6.32b)
Interest Expense / Debt = 3.22% (Interest Expense 7.44m / Debt 230.7m)
Taxrate = 11.43% (24.6m / 215.1m)
NOPAT = 696.8m (EBIT 786.7m * (1 - 11.43%))
Current Ratio = 1.56 (Total Current Assets 2.52b / Total Current Liabilities 1.61b)
Debt / Equity = 0.06 (Debt 230.7m / totalStockholderEquity, last quarter 3.59b)
Debt / EBITDA = -1.27 (Net Debt -1.11b / EBITDA 879.3m)
Debt / FCF = -1.23 (Net Debt -1.11b / FCF TTM 906.4m)
Total Stockholder Equity = 3.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.96% (Net Income 692.4m / Total Assets 6.32b)
RoE = 20.34% (Net Income TTM 692.4m / Total Stockholder Equity 3.40b)
RoCE = 21.46% (EBIT 786.7m / Capital Employed (Equity 3.40b + L.T.Debt 261.8m))
RoIC = 20.47% (NOPAT 696.8m / Invested Capital 3.40b)
WACC = 9.56% (E(15.26b)/V(15.49b) * Re(9.66%) + D(230.7m)/V(15.49b) * Rd(3.22%) * (1-Tc(0.11)))
Discount Rate = 9.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.04%
[DCF Debug] Terminal Value 76.37% ; FCFE base≈848.6m ; Y1≈1.05b ; Y5≈1.79b
Fair Price DCF = 392.7 (DCF Value 22.81b / Shares Outstanding 58.1m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 85.32 | EPS CAGR: 11.79% | SUE: 2.51 | # QB: 6
Revenue Correlation: 82.48 | Revenue CAGR: 4.49% | SUE: 0.90 | # QB: 2
EPS next Quarter (2026-03-31): EPS=3.38 | Chg30d=-0.276 | Revisions Net=-10 | Analysts=11
EPS current Year (2026-09-30): EPS=15.03 | Chg30d=-1.273 | Revisions Net=-11 | Growth EPS=-5.0% | Growth Revenue=+1.8%
EPS next Year (2027-09-30): EPS=16.20 | Chg30d=-1.271 | Revisions Net=-6 | Growth EPS=+7.8% | Growth Revenue=+4.0%

Additional Sources for FFIV Stock

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Fund Manager Positions: Dataroma | Stockcircle