Financials F5, Inc.

Equities

FFIV

US3156161024

IT Services & Consulting

Market Closed - Nasdaq Other stock markets 21:00:00 06/02/2026 GMT			5-day change	1st Jan Change
276.57 ^USD	+1.98%		+0.35%	+8.35%

01-28	F5 Insider Sold Shares Worth $875,431, According to a Recent SEC Filing	MT
01-28	Morgan Stanley Adjusts F5 Price Target to $305 From $296, Maintains Equal Weight Rating	MT

Projected Income Statement: F5, Inc.

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	2,605	2,696	2,813	2,816	3,088	3,270	3,379	3,453
Change	-	3.5%	4.35%	0.1%	9.66%	5.89%	3.33%	2.21%
EBITDA ¹	937.6	893.9	962.4	1,053	1,179	1,258	1,322	1,411
Change	-	-4.65%	7.66%	9.37%	11.99%	6.72%	5.06%	6.78%
EBIT ¹	822.2	778.3	849.7	945.5	1,086	1,134	1,177	1,221
Change	-	-5.33%	9.17%	11.28%	14.89%	4.36%	3.81%	3.73%
Interest Paid	-7.088	-18.4	13.42	-	-	-	-	-
Earnings before Tax (EBT) ¹	386.9	385.4	486	695.5	808.3	823.3	871.6	964.7
Change	-	-0.4%	26.1%	43.1%	16.23%	1.85%	5.86%	10.68%
Net income ¹	331.2	322.2	394.9	566.8	692.4	661	689.6	737.7
Change	-	-2.74%	22.59%	43.51%	22.16%	-4.54%	4.33%	6.97%
Announcement Date	26/10/21	25/10/22	24/10/23	28/10/24	27/10/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: September	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1
Net sales ¹	645.3	651.5	682	687.1	634.2	674.5	700	700.4	703.2	702.6	707	692.6	681.4	695.5	746.7	766.5	731.1	780.4	810.1	822.5	780.6	818.9	848.7	838.4	805.8	834.2	877.2	849.8
Change	-	0.97%	4.68%	0.75%	-7.7%	6.35%	3.79%	0.05%	0.4%	-0.08%	0.62%	-2.03%	-1.62%	2.08%	7.36%	2.65%	-4.61%	6.74%	3.81%	1.53%	-5.09%	4.91%	3.64%	-1.21%	-3.89%	3.52%	5.15%	-3.11%
EBITDA ¹	224.3	227.7	248.3	255.1	197.6	222.6	218.5	212.7	218.6	261.8	269.3	274.9	238.5	259.3	279.8	309	255.8	289.8	324.2	338.4	272.4	310.6	336.4	333.1	-	-	-	-
Change	-	1.49%	9.05%	2.77%	-22.54%	12.63%	-1.83%	-2.66%	2.75%	19.76%	2.88%	2.07%	-13.25%	8.74%	7.89%	10.45%	-17.22%	13.27%	11.87%	4.41%	-19.5%	14.02%	8.3%	-0.98%	-	-	-	-
EBIT ¹	195.8	198.9	220.7	224.9	168.1	194	191.3	185.3	191.2	233.4	239.8	245.6	210.5	232.6	256.9	286.4	233.4	267.3	299.4	313.8	245.7	276.3	298.9	300	265.8	283.4	312.1	315.9
Change	-	1.57%	10.97%	1.9%	-25.25%	15.41%	-1.39%	-3.17%	3.23%	22.06%	2.73%	2.44%	-14.32%	10.49%	10.45%	11.48%	-18.51%	14.54%	12%	4.83%	-21.7%	12.43%	8.19%	0.37%	-11.42%	6.63%	10.13%	1.23%
Charge d'intérêts	-1.377	-2.163	-2.865	-2.431	-1.934	-6.221	-7.813	4.702	2.737	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	52.12	94.25	123.5	111.7	72.71	101.2	99.72	95.91	108.8	106.5	174.8	174.4	145.9	171.6	203.5	209	171.2	213	215.1	222.9	170.9	194.2	209	193.2	182.2	193.6	211.9	-
Change	-	80.82%	31.03%	-9.54%	-34.91%	39.24%	-1.51%	-3.81%	13.42%	-2.13%	64.21%	-0.24%	-16.32%	17.6%	18.58%	2.72%	-18.1%	24.43%	0.96%	3.65%	-23.34%	13.6%	7.65%	-7.56%	-5.69%	6.26%	9.45%	-
Net income ¹	43.24	89.6	110.7	93.56	56.24	83.02	89.35	72.4	81.44	88.98	152.1	138.4	119	144.1	165.3	166.4	145.5	189.9	190.5	180.1	135.2	158.5	174.2	165.2	139	152.4	174.7	170.4
Change	-	107.22%	23.56%	-15.5%	-39.89%	47.63%	7.62%	-18.96%	12.48%	9.26%	70.98%	-9.04%	-13.99%	21.05%	14.73%	0.7%	-12.57%	30.5%	0.31%	-5.48%	-24.91%	17.22%	9.9%	-5.15%	-15.86%	9.62%	14.66%	-2.49%
Announcement Date	27/04/21	26/07/21	26/10/21	25/01/22	26/04/22	25/07/22	25/10/22	24/01/23	19/04/23	24/07/23	24/10/23	29/01/24	29/04/24	29/07/24	28/10/24	28/01/25	28/04/25	30/07/25	27/10/25	27/01/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: F5, Inc.

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-542	-885	-803	-1,464	-1,344	-1,650	-2,173	-2,762
Change	-	-63.28%	9.27%	-82.32%	8.2%	-22.74%	-31.7%	-27.11%
Announcement Date	26/10/21	25/10/22	24/10/23	28/10/24	27/10/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: F5, Inc.

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	30.65	33.62	54.18	30.41	43.26	45.06	49.13	43.08
Change	-	9.7%	61.15%	-43.87%	42.25%	4.16%	9.04%	-12.31%
Free Cash Flow (FCF) ¹	614.5	409	599.2	762	906.4	843.2	961.6	968.2
Change	-	-33.45%	46.51%	27.17%	18.95%	-6.98%	14.05%	0.68%
Announcement Date	26/10/21	25/10/22	24/10/23	28/10/24	27/10/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: F5, Inc.

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	36%	33.16%	34.21%	37.38%	38.17%	38.47%	39.12%	40.86%
EBIT Margin (%)	31.56%	28.87%	30.2%	33.58%	35.18%	34.67%	34.84%	35.35%
EBT Margin (%)	14.86%	14.3%	17.28%	24.7%	26.18%	25.18%	25.8%	27.93%
Net margin (%)	12.72%	11.95%	14.04%	20.13%	22.42%	20.21%	20.41%	21.36%
FCF margin (%)	23.59%	15.17%	21.3%	27.06%	29.35%	25.79%	28.46%	28.03%
FCF / Net Income (%)	185.53%	126.96%	151.72%	134.45%	130.91%	127.56%	139.45%	131.25%
Profitability
ROA	13.87%	12.12%	13.4%	10.44%	15.55%	12.04%	11.98%	10.1%
ROE	29.22%	25.79%	26.77%	19.12%	27.61%	25.16%	23.68%	22.92%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.18%	1.25%	1.93%	1.08%	1.4%	1.38%	1.45%	1.25%
CAPEX / EBITDA (%)	3.27%	3.76%	5.63%	2.89%	3.67%	3.58%	3.72%	3.05%
CAPEX / FCF (%)	4.99%	8.22%	9.04%	3.99%	4.77%	5.34%	5.11%	4.45%
Items per share
Cash flow per share ¹	10.4	7.245	10.84	13.35	16.18	15.59	17.44	18.5
Change	-	-30.32%	49.65%	23.14%	21.22%	-3.66%	11.88%	6.07%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	38.91	41.25	46.46	52.85	61.83	68.09	77.71	84.75
Change	-	5.99%	12.65%	13.76%	16.98%	10.12%	14.14%	9.05%
EPS ¹	5.34	5.27	6.55	9.55	11.8	11.65	12.39	13.82
Change	-	-1.31%	24.29%	45.8%	23.56%	-1.27%	6.37%	11.56%
Nbr of stocks (in thousands)	60,312	59,562	59,306	58,284	57,447	56,519	56,519	56,519
Announcement Date	26/10/21	25/10/22	24/10/23	28/10/24	27/10/25	-	-	-