Cash flow F5, Inc.

Equities

FFIV

US3156161024

IT Services & Consulting

Market Closed - Nasdaq Other stock markets 21:00:00 16/01/2026 GMT			5-day change	1st Jan Change
268.22 ^USD	-2.11%		-0.40%	+5.08%

01-15	F5 Shares Rise After JPMorgan Upgrade	MT
01-15	JPMorgan Upgrades F5 to Overweight From Neutral, Adjusts Price Target to $345 From $295	MT

71ff.A6CPcAyEZK7M40DqAC1f9Y-RrRmcvsyrJ-vWBV3mB3Q.Nfm9AkfWCM22ogqOcF4cot3a13zK64DnQYShSjefaTln68Ivb9MuwJ6zEQ

Published financial data: F5, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues	2.6B	2.7B	2.81B	2.82B	3.09B
Total Revenues	2.6B	2.7B	2.81B	2.82B	3.09B
Cost of Goods Sold, Total	487M	540M	593M	558M	574M
Gross Profit	2.12B	2.16B	2.22B	2.26B	2.51B
Selling General & Admin Expenses, Total	1.17B	1.19B	1.14B	1.1B	1.18B
R&D Expenses	500M	543M	540M	490M	540M
Other Operating Expenses, Total	1.67B	1.74B	1.68B	1.59B	1.72B
Operating Income	444M	418M	538M	667M	791M
Interest And Investment Income	2.5M	-	-	35.1M	40.8M
Net Interest Expenses	2.5M	-	-	35.1M	40.8M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-9.59M	-18.4M	13.42M	1.77M	1.59M
EBT, Excl. Unusual Items	437M	399M	551M	704M	834M
Restructuring Charges	-	-7.91M	-65.39M	-8.66M	-25.48M
Merger & Related Restructuring Charges	-9.5M	-	-	-	-
Asset Writedown	-40.7M	-6.18M	-	-	-
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	387M	385M	486M	695M	808M
Income Tax Expense	55.7M	63.23M	91.04M	129M	116M
Earnings From Continuing Operations	331M	322M	395M	567M	692M
Net Income to Company	331M	322M	395M	567M	692M
Net Income - (IS)	331M	322M	395M	567M	692M
Net Income to Common Incl Extra Items	331M	322M	395M	567M	692M
Net Income to Common Excl. Extra Items	331M	322M	395M	567M	692M
Per Share Items
Net EPS - Basic	5.46	5.34	6.59	9.65	11.96
Basic EPS - Continuing Operations	5.46	5.34	6.59	9.65	11.96
Basic Weighted Average Shares Outstanding	60.71M	60.27M	59.91M	58.72M	57.9M
Net EPS - Diluted	5.34	5.27	6.55	9.55	11.8
Diluted EPS - Continuing Operations	5.34	5.27	6.55	9.55	11.8
Diluted Weighted Average Shares Outstanding	62.06M	61.1M	60.27M	59.36M	58.68M
Normalized Basic EPS	4.5	4.14	5.75	7.49	9
Normalized Diluted EPS	4.4	4.09	5.72	7.41	8.88
Supplemental Items
EBITDA	560M	533M	651M	774M	884M
EBITA	493M	454M	567M	692M	834M
EBIT	444M	418M	538M	667M	791M
EBITDAR	636M	606M	724M	841M	949M
Total Revenues (As Reported)	2.6B	2.7B	2.81B	2.82B	3.09B
Effective Tax Rate - (Ratio)	14.39	16.41	18.73	18.5	14.34
Current Domestic Taxes	69.79M	49.85M	134M	118M	111M
Current Foreign Taxes	62.83M	54.08M	66.05M	79.2M	77.01M
Total Current Taxes	133M	104M	200M	197M	189M
Deferred Domestic Taxes	-77.03M	-40.05M	-108M	-63.07M	-55.64M
Deferred Foreign Taxes	104K	-644K	-686K	-5.15M	-16.91M
Total Deferred Taxes	-76.93M	-40.7M	-109M	-68.22M	-72.55M
Normalized Net Income	273M	250M	345M	440M	521M
Supplemental Operating Expense Items
Advertising Expense	10M	15.4M	8.9M	5.4M	6.2M
Selling and Marketing Expenses	918M	920M	878M	832M	861M
General and Administrative Expenses	254M	275M	263M	269M	322M
Research And Development Expense From Footnotes	513M	543M	540M	490M	540M
Net Rental Expense, Total	76.15M	72.98M	73.16M	66.71M	65.55M
Stock-Based Comp., COGS (Total)	22.1M	21.9M	22.2M	22.7M	-
Stock-Based Comp., R&D Exp. (Total)	67.2M	71.8M	69.4M	60.3M	-
Stock-Based Comp., S&M Exp. (Total)	105M	104M	96.5M	84.5M	-
Stock-Based Comp., G&A Exp. (Total)	42.4M	43.9M	41.1M	44.9M	-
Stock-Based Comp., Other (Total)	6.98M	7.32M	7.45M	6.71M	231M
Total Stock-Based Compensation	243M	249M	237M	219M	231M

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	581M	758M	797M	1.07B	1.34B
Short Term Investments	330M	127M	6.16M	-	-
Total Cash And Short Term Investments	911M	885M	803M	1.07B	1.34B
Accounts Receivable, Total	556M	790M	829M	790M	913M
Total Receivables	556M	790M	829M	790M	913M
Inventory	22.06M	68.36M	35.87M	76.38M	77.23M
Prepaid Expenses	59.64M	57.34M	84.51M	93.47M	86.35M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	62.87M	112M	96.12M	74.9M	98.13M
Total Current Assets	1.61B	1.91B	1.85B	2.11B	2.52B
Gross Property Plant And Equipment	726M	697M	693M	688M	722M
Accumulated Depreciation	-290M	-301M	-327M	-359M	-380M
Net Property Plant And Equipment	436M	396M	366M	329M	343M
Long-term Investments	133M	9.54M	5.07M	8.58M	15.69M
Goodwill	2.22B	2.26B	2.29B	2.31B	2.44B
Other Intangibles, Total	237M	200M	151M	112M	96.27M
Accounts Receivable Long-Term	159M	225M	203M	278M	340M
Deferred Tax Assets Long-Term	128M	183M	295M	366M	446M
Deferred Charges Long-Term	43.57M	42.56M	35.26M	33.58M	39.53M
Other Long-Term Assets, Total	32.92M	48.49M	55.54M	64.4M	76.33M
Total Assets	5B	5.28B	5.25B	5.61B	6.32B
Liabilities
Accounts Payable, Total	62.1M	113M	63.32M	67.89M	83.97M
Accrued Expenses, Total	248M	226M	207M	221M	240M
Current Portion of Long-Term Debt	19.28M	350M	-	-	-
Current Portion of Leases	49.29M	42.52M	41.42M	33.78M	31.04M
Current Income Taxes Payable	44.08M	41.22M	34.5M	45.25M	44.05M
Unearned Revenue Current, Total	969M	1.07B	1.13B	1.12B	1.21B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	1.39B	1.84B	1.47B	1.49B	1.61B
Long-Term Debt	350M	-	-	-	-
Long-Term Leases	297M	272M	240M	216M	231M
Unearned Revenue Non Current	521M	624M	649M	676M	786M
Deferred Tax Liability Non Current	2.41M	2.78M	4.64M	7.18M	1.92M
Other Non Current Liabilities	75.24M	67.71M	82.57M	94.73M	96.23M
Total Liabilities	2.64B	2.81B	2.45B	2.48B	2.73B
Common Stock, Total	192M	91.05M	24.4M	5.89M	42.02M
Retained Earnings	2.19B	2.4B	2.8B	3.14B	3.57B
Comprehensive Income and Other	-20.07M	-26.18M	-23.22M	-20.91M	-18.32M
Total Common Equity	2.36B	2.47B	2.8B	3.13B	3.59B
Total Equity	2.36B	2.47B	2.8B	3.13B	3.59B
Total Liabilities And Equity	5B	5.28B	5.25B	5.61B	6.32B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	61.23M	60.37M	59.71M	58.61M	58.09M
ECS Total Common Shares Outstanding	60.65M	59.86M	59.21M	58.09M	57.68M
Book Value / Share	38.91	41.25	47.3	53.87	62.27
Tangible Book Value	-93.52M	9.41M	361M	705M	1.05B
Tangible Book Value Per Share	-1.54	0.16	6.09	12.14	18.23
Total Debt	715M	665M	281M	250M	262M
Net Debt	-195M	-220M	-522M	-825M	-1.08B
Debt Equivalent Oper. Leases	609M	584M	585M	534M	524M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	8.97M	58.2M	24.18M	48.46M	50.3M
Inventories - Finished Goods, Total	13.08M	10.16M	11.7M	27.92M	26.93M
Machinery, Total	212M	210M	234M	252M	275M
Full Time Employees	6.4K	7.02K	6.46K	6.49K	6.51K
Part Time Employees	65	71	65	66	66
Accumulated Allowance for Doubtful Accounts (Supple)	3.7M	6.02M	3.56M	4.58M	2.88M
Order Backlog	125M	231M	53M	85.3M	-

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	331M	322M	395M	567M	692M
Depreciation & Amortization - CF	66.72M	79.21M	83.6M	82.59M	49.5M
Amortization of Goodwill and Intangible Assets - (CF)	48.7M	36.4M	29.1M	24.4M	42.9M
Depreciation & Amortization, Total	115M	116M	113M	107M	92.4M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	40.7M	6.18M	3.46M	-	-
Stock-Based Compensation (CF)	243M	249M	237M	219M	231M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-37.82M	-242K	-68.62M	-36.44M	-35.06M
Change In Accounts Receivable	-46.29M	-131M	16.7M	63.95M	-28.41M
Change In Inventories	5.84M	-46.31M	32.49M	-40.5M	-851K
Change In Accounts Payable	22.93M	19.16M	-63.1M	40.37M	28.9M
Change in Unearned Revenues	216M	191M	81.74M	22.84M	200M
Change in Other Net Operating Assets	-247M	-284M	-93.56M	-151M	-232M
Cash from Operations	645M	443M	653M	792M	950M
Capital Expenditure	-30.65M	-33.62M	-54.18M	-30.41M	-43.26M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-411M	-67.91M	-35.05M	-32.94M	-171M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-3.36M	320M	126M	4.14M	-5.17M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-445M	218M	36.39M	-59.21M	-219M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-20M	-20M	-350M	-	-
Total Debt Repaid	-20M	-20M	-350M	-	-
Issuance of Common Stock	65.75M	64.54M	59.96M	55.08M	59.15M
Repurchase of Common Stock	-514M	-521M	-363M	-512M	-524M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-468M	-477M	-653M	-457M	-465M
Foreign Exchange Rate Adjustments	-74K	-6.36M	2.12M	1.3M	2.67M
Net Change in Cash	-268M	178M	38.63M	278M	268M
Supplemental Items
Cash Interest Paid	5.28M	7.98M	2.97M	-	-
Cash Income Tax Paid (Refund)	99.38M	110M	192M	182M	206M
Levered Free Cash Flow	589M	390M	597M	748M	761M
Unlevered Free Cash Flow	589M	390M	597M	748M	761M
Change In Net Working Capital	16.93M	202M	34.09M	-35.1M	13.89M
Net Debt Issued / Repaid	-20M	-20M	-350M	-	-

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.74	5.08	6.39	7.68	8.29
Return on Total Capital	9.13	8.41	10.82	12.91	13.68
Return On Equity %	14.43	13.34	14.99	19.12	20.6
Return on Common Equity	14.43	13.34	14.99	19.12	20.6
Margin Analysis
Gross Profit Margin %	81.3	79.98	78.91	80.2	81.41
SG&A Margin	45.05	44.33	40.58	39.1	38.3
EBITDA Margin %	21.5	19.79	23.13	27.49	28.62
EBITA Margin %	18.93	16.85	20.16	24.56	27.02
EBIT Margin %	17.06	15.5	19.12	23.69	25.63
Income From Continuing Operations Margin %	12.72	11.95	14.04	20.13	22.42
Net Income Margin %	12.72	11.95	14.04	20.13	22.42
Net Avail. For Common Margin %	12.72	11.95	14.04	20.13	22.42
Normalized Net Income Margin	10.49	9.26	12.25	15.63	16.88
Levered Free Cash Flow Margin	22.61	14.46	21.23	26.55	24.66
Unlevered Free Cash Flow Margin	22.61	14.46	21.23	26.55	24.66
Asset Turnover
Asset Turnover	0.54	0.52	0.53	0.52	0.52
Fixed Assets Turnover	5.39	6.48	7.39	8.1	9.2
Receivables Turnover (Average Receivables)	5.26	4.01	3.48	3.48	3.63
Inventory Turnover (Average Inventory)	19.49	11.94	11.38	9.94	7.47
Short Term Liquidity
Current Ratio	1.16	1.04	1.26	1.42	1.56
Quick Ratio	1.05	0.91	1.11	1.25	1.4
Operating Cash Flow to Current Liabilities	0.46	0.24	0.44	0.53	0.59
Days Sales Outstanding (Average Receivables)	69.41	91.09	105.01	105.21	100.64
Days Outstanding Inventory (Average Inventory)	18.73	30.58	32.06	36.84	48.84
Average Days Payable Outstanding	48.03	54.59	57.43	40.14	48.22
Cash Conversion Cycle (Average Days)	40.11	67.08	79.64	101.91	101.26
Long Term Solvency
Total Debt/Equity	30.31	26.92	10.03	7.97	7.29
Total Debt / Total Capital	23.26	21.21	9.12	7.39	6.79
LT Debt/Equity	27.4	11.03	8.56	6.9	6.42
Long-Term Debt / Total Capital	21.03	8.69	7.78	6.39	5.99
Total Liabilities / Total Assets	52.77	53.21	46.65	44.25	43.16
Total Debt / EBITDA	1.13	1.1	0.39	0.3	0.28
Net Debt / EBITDA	-0.31	-0.36	-0.72	-0.98	-1.14
Total Debt / (EBITDA - Capex)	1.18	1.16	0.42	0.31	0.29
Net Debt / (EBITDA - Capex)	-0.32	-0.38	-0.78	-1.02	-1.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.74	3.55	4.35	0.1	9.66
Gross Profit, 1 Yr. Growth %	8.87	1.87	2.95	1.74	11.32
EBITDA, 1 Yr. Growth %	7.44	-4.67	21.96	18.99	14.16
EBITA, 1 Yr. Growth %	7.24	-7.84	24.83	21.97	20.63
EBIT, 1 Yr. Growth %	4.51	-5.93	28.74	24.03	18.61
Earnings From Cont. Operations, 1 Yr. Growth %	7.74	-2.74	22.59	43.51	22.16
Net Income, 1 Yr. Growth %	7.74	-2.74	22.59	43.51	22.16
Normalized Net Income, 1 Yr. Growth %	1.86	-8.61	38.02	27.7	18.42
Diluted EPS Before Extra, 1 Yr. Growth %	6.59	-1.31	24.29	45.8	23.56
Accounts Receivable, 1 Yr. Growth %	28.01	42.05	4.97	-4.68	15.52
Inventory, 1 Yr. Growth %	-20.94	209.98	-47.53	112.91	1.11
Net Property, Plant and Equip., 1 Yr. Growth %	-17.7	-9.27	-7.52	-10.05	4.08
Total Assets, 1 Yr. Growth %	6.83	5.58	-0.53	6.95	12.59
Tangible Book Value, 1 Yr. Growth %	-163.44	-110.06	3.73K	95.64	49.11
Common Equity, 1 Yr. Growth %	5.73	4.61	13.42	11.75	14.78
Cash From Operations, 1 Yr. Growth %	-2.38	-31.4	47.62	21.27	19.84
Capital Expenditures, 1 Yr. Growth %	-48.86	9.7	61.15	-43.87	42.25
Levered Free Cash Flow, 1 Yr. Growth %	2.09	-33.78	53.19	25.2	1.81
Unlevered Free Cash Flow, 1 Yr. Growth %	2.09	-33.78	53.19	25.2	1.81
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.75	7.09	3.95	2.21	4.77
Gross Profit, 2 Yr. CAGR %	5.94	5.31	2.41	2.34	6.42
EBITDA, 2 Yr. CAGR %	-2.95	1.2	7.82	20.47	16.55
EBITA, 2 Yr. CAGR %	-4.24	-0.59	7.26	23.39	21.3
EBIT, 2 Yr. CAGR %	-8.08	-0.85	10.05	26.36	21.29
Earnings From Cont. Operations, 2 Yr. CAGR %	-12	2.37	9.19	32.64	32.4
Net Income, 2 Yr. CAGR %	-12	2.37	9.19	32.64	32.4
Normalized Net Income, 2 Yr. CAGR %	-10.72	-3.52	12.31	32.76	22.97
Diluted EPS Before Extra, 2 Yr. CAGR %	-13.15	2.56	10.75	34.62	34.22
Accounts Receivable, 2 Yr. CAGR %	17.68	34.85	22.11	0.03	4.93
Inventory, 2 Yr. CAGR %	-19.93	56.54	27.54	5.7	46.72
Net Property, Plant and Equip., 2 Yr. CAGR %	39.71	-13.59	-8.4	-8.79	-3.24
Total Assets, 2 Yr. CAGR %	21.41	6.2	2.48	3.14	9.73
Tangible Book Value, 2 Yr. CAGR %	-60.09	-74.74	96.36	765.93	70.79
Common Equity, 2 Yr. CAGR %	15.75	5.17	8.92	12.58	13.26
Cash From Operations, 2 Yr. CAGR %	-7.12	-18.16	0.63	33.8	20.56
Capital Expenditures, 2 Yr. CAGR %	-45.59	-25.1	32.96	-4.9	-10.65
Levered Free Cash Flow, 2 Yr. CAGR %	14.83	-17.78	0.72	38.49	12.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	14.83	-17.78	0.72	38.49	12.9
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.4	6.33	6.17	2.65	4.63
Gross Profit, 3 Yr. CAGR %	5.55	4.57	4.52	2.19	5.25
EBITDA, 3 Yr. CAGR %	-5.77	-3.53	7.7	11.43	18.33
EBITA, 3 Yr. CAGR %	-7.38	-5.46	7.25	11.95	22.46
EBIT, 3 Yr. CAGR %	-10	-7.37	8.17	14.52	23.72
Earnings From Cont. Operations, 3 Yr. CAGR %	-9.95	-9.02	8.71	19.61	29.05
Net Income, 3 Yr. CAGR %	-9.95	-9.02	8.71	19.61	29.05
Normalized Net Income, 3 Yr. CAGR %	-11.1	-10.02	8.71	17.22	27.8
Diluted EPS Before Extra, 3 Yr. CAGR %	-9.98	-9.37	9.35	21.38	30.82
Accounts Receivable, 3 Yr. CAGR %	23.47	25.3	24.05	12.43	4.94
Inventory, 3 Yr. CAGR %	-10.31	25.72	8.74	51.29	4.15
Net Property, Plant and Equip., 3 Yr. CAGR %	44.33	20.98	-11.61	-8.95	-4.69
Total Assets, 3 Yr. CAGR %	24.25	15.89	3.91	3.95	6.2
Tangible Book Value, 3 Yr. CAGR %	-48.84	-74.79	34.74	96.12	381.75
Common Equity, 3 Yr. CAGR %	22.45	11.91	7.85	9.86	13.31
Cash From Operations, 3 Yr. CAGR %	-5.36	-16.04	-0.38	7.09	28.98
Capital Expenditures, 3 Yr. CAGR %	-16.93	-31.27	-3.31	-0.26	8.76
Levered Free Cash Flow, 3 Yr. CAGR %	0.75	-4.42	1.18	8.3	24.99
Unlevered Free Cash Flow, 3 Yr. CAGR %	0.75	-4.42	1.18	8.3	24.99
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.47	5.22	5.41	4.66	5.61
Gross Profit, 5 Yr. CAGR %	5.01	4.42	4.28	3.67	5.28
EBITDA, 5 Yr. CAGR %	-1.47	-3.52	-0.55	5.43	11.15
EBITA, 5 Yr. CAGR %	-2.51	-5.07	-1.78	5.17	12.66
EBIT, 5 Yr. CAGR %	-4.4	-6.25	-2.46	4.88	13.24
Earnings From Cont. Operations, 5 Yr. CAGR %	-1.97	-5.2	-2.74	5.79	17.63
Net Income, 5 Yr. CAGR %	-1.97	-5.2	-2.74	5.79	17.63
Normalized Net Income, 5 Yr. CAGR %	-4.8	-7.46	-2.39	5.13	14.21
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.15	-4.11	-2.2	6.17	18.69
Accounts Receivable, 5 Yr. CAGR %	15.7	22.02	22.92	14.5	16.01
Inventory, 5 Yr. CAGR %	-8.32	18.04	3.25	17.3	22.59
Net Property, Plant and Equip., 5 Yr. CAGR %	28.75	26.44	20.33	8.06	-8.36
Total Assets, 5 Yr. CAGR %	16.72	16.33	15.03	10.61	6.2
Tangible Book Value, 5 Yr. CAGR %	-30.55	-56.88	-12.38	3.74	48.15
Common Equity, 5 Yr. CAGR %	14.77	14.96	16.85	12.18	9.98
Cash From Operations, 5 Yr. CAGR %	-1.94	-9.77	-3	1.16	7.52
Capital Expenditures, 5 Yr. CAGR %	-13.55	-2.76	0.27	-21.73	-6.31
Levered Free Cash Flow, 5 Yr. CAGR %	-0.03	-10.04	0.74	10.86	5.71
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.03	-10.04	0.74	10.86	5.71