F5 (FFIV) Financials

$263.09 +0.40 (+0.15%)

As of 01:58 PM Eastern

Annual Income Statements for F5

This table shows F5's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	365	366	421	454	428	307	331	322	395	567
Consolidated Net Income / (Loss)	365	366	421	454	428	307	331	322	395	567
Net Income / (Loss) Continuing Operations	365	366	421	454	428	307	331	322	395	567
Total Pre-Tax Income	561	550	576	604	541	396	387	385	486	695
Total Operating Income	553	547	564	591	518	392	394	404	473	659
Total Gross Profit	1,588	1,658	1,737	1,800	1,886	1,943	2,110	2,156	2,220	2,258
Total Revenue	1,920	1,995	2,090	2,161	2,242	2,351	2,603	2,696	2,813	2,816
Operating Revenue	1,920	1,995	2,090	2,161	2,242	2,351	2,603	2,696	2,813	2,816
Total Cost of Revenue	332	337	353	361	357	408	493	540	593	558
Operating Cost of Revenue	332	337	353	361	357	408	493	540	593	558
Total Operating Expenses	1,035	1,110	1,173	1,209	1,367	1,551	1,716	1,752	1,747	1,600
Selling, General & Admin Expense	136	138	157	160	211	258	274	275	263	269
Marketing Expense	603	629	652	664	749	843	930	927	878	832
Research & Development Expense	297	334	350	366	408	441	513	543	540	490
Restructuring Charge	0.00	0.00	13	18	0.00	7.80	0.00	7.91	65	8.66
Total Other Income / (Expense), net	8.45	2.51	12	13	23	4.13	-7.09	-18	13	37
Other Income / (Expense), net	8.45	2.51	12	13	23	4.13	-7.09	-18	13	37
Income Tax Expense	196	184	155	150	113	89	56	63	91	129
Basic Earnings per Share	$5.07	$5.43	$6.56	$7.41	$7.12	$5.05	$5.46	$5.34	$6.59	$9.65
Weighted Average Basic Shares Outstanding	71.94M	67.43M	64.17M	61.26M	60.04M	60.91M	60.71M	60.27M	59.91M	58.72M
Diluted Earnings per Share	$5.03	$5.38	$6.50	$7.32	$7.08	$5.01	$5.34	$5.27	$6.55	$9.55
Weighted Average Diluted Shares Outstanding	72.55M	67.98M	64.78M	62.01M	60.46M	61.38M	62.06M	61.10M	60.27M	59.36M
Weighted Average Basic & Diluted Shares Outstanding	72M	67.40M	64.10M	61.20M	60.10M	61.60M	61.23M	60.37M	59.71M	58.61M

This table shows F5's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	83	89	72	81	89	152	138	119	144	165	166
Consolidated Net Income / (Loss)	83	89	72	81	89	152	138	119	144	165	166
Net Income / (Loss) Continuing Operations	83	89	72	81	89	152	138	119	144	165	166
Total Pre-Tax Income	101	100	96	109	106	175	174	146	172	204	209
Total Operating Income	107	108	91	106	104	172	165	140	163	191	205
Total Gross Profit	544	553	545	548	561	566	556	540	559	603	626
Total Revenue	674	700	700	703	703	707	693	681	695	747	766
Operating Revenue	674	700	700	703	703	707	693	681	695	747	766
Total Cost of Revenue	131	147	155	156	142	141	136	141	136	144	141
Operating Cost of Revenue	131	147	155	156	142	141	136	141	136	144	141
Total Operating Expenses	436	445	454	441	457	394	392	400	396	412	421
Selling, General & Admin Expense	71	70	70	67	65	62	65	67	66	71	73
Marketing Expense	227	237	233	233	207	205	199	211	206	217	206
Research & Development Expense	139	139	142	141	129	128	120	122	124	124	131
Restructuring Charge	0.00	-	8.74	0.00	57	-	8.47	0.09	0.09	-	11
Total Other Income / (Expense), net	-6.22	-7.81	4.70	2.74	2.90	3.09	9.88	5.97	8.53	12	3.96
Other Income / (Expense), net	-6.22	-7.81	4.70	2.74	2.90	3.09	9.88	5.97	8.53	12	3.96
Income Tax Expense	18	10	24	27	17	23	36	27	28	38	43
Basic Earnings per Share	$1.38	$1.49	$1.20	$1.35	$1.48	$2.56	$2.34	$2.02	$2.46	$2.83	$2.85
Weighted Average Basic Shares Outstanding	59.97M	60.27M	60.10M	60.33M	59.98M	59.91M	59.12M	58.79M	58.58M	58.72M	58.31M
Diluted Earnings per Share	$1.37	$1.47	$1.20	$1.34	$1.48	$2.53	$2.32	$2.00	$2.44	$2.79	$2.82
Weighted Average Diluted Shares Outstanding	60.46M	61.10M	60.39M	60.69M	60.31M	60.27M	59.65M	59.58M	59.15M	59.36M	59.06M
Weighted Average Basic & Diluted Shares Outstanding	59.56M	60.37M	60.12M	60.47M	59.31M	59.71M	58.81M	58.61M	58.28M	58.61M	57.65M

This table details how cash moves in and out of F5's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	117	122	162	-246	178	251	-268	184	37	276
Net Cash From Operating Activities	685	712	740	761	748	661	645	443	653	792
Net Cash From Continuing Operating Activities	685	712	740	761	748	661	645	443	653	792
Net Income / (Loss) Continuing Operations	365	366	421	454	428	307	331	322	395	567
Consolidated Net Income / (Loss)	365	366	421	454	428	307	331	322	395	567
Depreciation Expense	53	57	61	59	69	96	115	116	113	107
Non-Cash Adjustments To Reconcile Net Income	147	159	175	159	179	253	323	295	280	251
Changes in Operating Assets and Liabilities, net	120	130	83	89	73	4.72	-125	-291	-134	-133
Net Cash From Investing Activities	-11	63	-32	-456	-415	-747	-445	218	36	-59
Net Cash From Continuing Investing Activities	-11	63	-32	-456	-415	-747	-445	218	36	-59
Purchase of Property, Plant & Equipment	-60	-63	-39	-53	-104	-60	-31	-34	-54	-30
Acquisitions	-6.78	-4.75	-4.00	0.00	-612	-956	-411	-68	-35	-33
Purchase of Investments	-610	-355	-447	-855	-603	-584	-472	-61	-1.79	-2.10
Sale and/or Maturity of Investments	667	486	457	452	903	853	469	381	127	6.24
Net Cash From Financing Activities	-557	-653	-546	-551	-155	337	-468	-477	-653	-457
Net Cash From Continuing Financing Activities	-557	-653	-546	-551	-155	337	-468	-477	-653	-457
Repayment of Debt	-	-	-	0.00	0.00	-13	-20	-20	-350	0.00
Repurchase of Common Equity	-607	-700	-600	-600	-201	-100	-500	-500	-350	-501
Issuance of Common Equity	40	45	47	49	46	53	66	65	60	55
Other Financing Activities, net	9.52	2.61	7.02	0.00	0.00	-2.54	-14	-21	-13	-12
Cash Interest Paid	-	-	-	0.00	0.00	6.57	5.28	7.98	2.97	0.00
Cash Income Taxes Paid	189	164	163	105	101	80	99	110	192	182

This table details how cash moves in and out of F5's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	-41	219	-155	129	-58	121	23	81	34	139	78
Net Cash From Operating Activities	71	154	158	141	165	190	165	222	159	247	203
Net Cash From Continuing Operating Activities	71	154	158	141	165	190	165	222	159	247	203
Net Income / (Loss) Continuing Operations	83	89	72	81	89	152	138	119	144	165	166
Consolidated Net Income / (Loss)	83	89	72	81	89	152	138	119	144	165	166
Depreciation Expense	29	27	27	27	28	30	29	28	27	23	23
Non-Cash Adjustments To Reconcile Net Income	73	70	73	76	70	61	55	48	84	64	57
Changes in Operating Assets and Liabilities, net	-113	-32	-16	-43	-22	-53	-58	27	-96	-5.84	-44
Net Cash From Investing Activities	109	71	62	-9.53	-8.41	-7.57	-7.14	-40	-6.45	-5.74	-9.97
Net Cash From Continuing Investing Activities	109	71	62	-9.53	-8.41	-7.57	-7.14	-40	-6.45	-5.74	-9.97
Purchase of Property, Plant & Equipment	-9.33	-8.51	-13	-11	-15	-15	-9.05	-9.46	-5.85	-6.06	-8.07
Purchase of Investments	-4.80	-2.77	-0.68	-0.01	-1.10	-	-1.00	-	-0.60	-0.50	-1.90
Sale and/or Maturity of Investments	124	82	76	36	7.74	7.82	2.91	2.51	-	0.82	0.00
Net Cash From Financing Activities	-222	-6.26	-375	-2.51	-215	-61	-135	-101	-119	-102	-115
Net Cash From Continuing Financing Activities	-222	-6.26	-375	-2.51	-215	-61	-135	-101	-119	-102	-115
Repurchase of Common Equity	-250	-	-40	-	-250	-60	-150	-100	-150	-101	-125
Issuance of Common Equity	35	0.86	22	0.28	37	0.46	22	0.68	32	0.21	24
Other Financing Activities, net	-2.09	-2.12	-7.04	-2.79	-1.54	-1.84	-6.83	-1.84	-1.29	-1.57	-13

This table presents F5's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,312	2,306	2,476	2,605	3,390	4,678	4,997	5,276	5,248	5,613
Total Current Assets	1,188	1,289	1,406	1,418	1,512	1,793	1,611	1,912	1,849	2,109
Cash & Equivalents	390	515	673	425	599	850	581	758	797	1,075
Accounts Receivable	279	268	292	295	322	296	341	470	455	389
Inventories, net	34	34	30	31	34	28	22	68	36	76
Other Current Assets	51	53	68	52	183	260	338	489	555	569
Plant, Property, & Equipment, net	96	123	122	145	223	229	191	168	170	151
Total Noncurrent Assets	1,028	894	948	1,043	1,655	2,655	3,195	3,196	3,229	3,353
Long-Term Investments	398	276	285	411	358	103	133	9.54	5.07	8.58
Goodwill	556	556	556	556	1,065	1,859	2,217	2,259	2,289	2,312
Noncurrent Deferred & Refundable Income Taxes	6.49	2.04	53	33	28	45	128	183	295	366
Other Noncurrent Operating Assets	68	60	54	42	204	648	717	744	640	666
Total Liabilities & Shareholders' Equity	2,312	2,306	2,476	2,605	3,390	4,678	4,997	5,276	5,248	5,613
Total Liabilities	996	1,121	1,247	1,320	1,629	2,446	2,637	2,807	2,448	2,484
Total Current Liabilities	755	844	935	954	1,106	1,288	1,392	1,840	1,473	1,490
Accounts Payable	51	34	51	58	63	64	62	113	63	68
Accrued Expenses	130	178	187	181	236	321	341	310	283	300
Current Deferred Revenue	574	632	696	716	807	883	-	1,067	-	1,122
Total Noncurrent Liabilities	240	277	313	366	523	1,157	1,246	967	975	994
Noncurrent Deferred Revenue	209	238	268	300	391	389	521	624	649	676
Noncurrent Deferred & Payable Income Tax Liabilities	0.90	4.21	0.06	0.04	0.31	0.60	2.41	2.78	4.64	7.18
Other Noncurrent Operating Liabilities	30	34	45	66	132	398	372	340	322	311
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,317	1,185	1,229	1,285	1,761	2,232	2,360	2,469	2,800	3,129
Total Preferred & Common Equity	1,317	1,185	1,229	1,285	1,761	2,232	2,360	2,469	2,800	3,129
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,317	1,185	1,229	1,285	1,761	2,232	2,360	2,469	2,800	3,129
Common Stock	10	13	18	20	143	305	192	91	24	5.89
Retained Earnings	1,322	1,185	1,230	1,287	1,638	1,946	2,188	2,404	2,799	3,144
Accumulated Other Comprehensive Income / (Loss)	-15	-13	-18	-22	-19	-19	-20	-26	-23	-21

This table presents F5's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Total Assets	5,021	5,276	5,086	5,223	5,119	5,248	5,349	5,385	5,414	5,613	5,901
Total Current Assets	1,689	1,912	1,715	1,825	1,714	1,849	1,962	1,952	1,986	2,109	2,342
Cash & Equivalents	542	758	606	735	677	797	823	903	935	1,075	1,151
Accounts Receivable	456	470	485	486	440	455	513	388	420	389	485
Inventories, net	44	68	59	51	46	36	36	70	79	76	73
Other Current Assets	451	489	510	534	538	555	587	590	552	569	633
Plant, Property, & Equipment, net	172	168	168	170	171	170	167	162	154	151	150
Total Noncurrent Assets	3,160	3,196	3,203	3,228	3,234	3,229	3,220	3,272	3,274	3,353	3,409
Long-Term Investments	19	9.54	7.81	4.74	5.89	5.07	6.17	6.34	7.30	8.58	11
Goodwill	2,260	2,259	2,259	2,289	2,289	2,289	2,289	2,312	2,312	2,312	2,312
Noncurrent Deferred & Refundable Income Taxes	172	183	209	235	271	295	307	325	344	366	378
Other Noncurrent Operating Assets	710	744	728	700	668	640	618	628	611	666	707
Total Liabilities & Shareholders' Equity	5,021	5,276	5,086	5,223	5,119	5,248	5,349	5,385	5,414	5,613	5,901
Total Liabilities	2,698	2,807	2,503	2,498	2,462	2,448	2,488	2,451	2,404	2,484	2,665
Total Current Liabilities	1,769	1,840	1,533	1,526	1,490	1,473	1,524	1,502	1,456	1,490	1,588
Accounts Payable	73	113	72	70	65	63	60	58	54	68	54
Accrued Expenses	292	310	331	296	274	283	279	267	260	300	316
Current Deferred Revenue	1,049	1,067	1,131	1,160	1,150	-	1,185	1,178	1,142	1,122	1,218
Total Noncurrent Liabilities	930	967	970	972	972	975	963	949	948	994	1,077
Noncurrent Deferred Revenue	588	624	629	636	642	649	645	634	630	676	729
Noncurrent Deferred & Payable Income Tax Liabilities	2.79	2.78	2.97	3.40	3.88	4.64	5.21	5.69	6.15	7.18	7.70
Other Noncurrent Operating Liabilities	339	340	338	332	327	322	314	309	311	311	341
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,323	2,469	2,582	2,726	2,658	2,800	2,861	2,933	3,011	3,129	3,236
Total Preferred & Common Equity	2,323	2,469	2,582	2,726	2,658	2,800	2,861	2,933	3,011	3,129	3,236
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,323	2,469	2,582	2,726	2,658	2,800	2,861	2,933	3,011	3,129	3,236
Common Stock	33	91	129	191	33	24	18	19	18	5.89	9.46
Retained Earnings	2,315	2,404	2,477	2,558	2,647	2,799	2,863	2,935	3,015	3,144	3,250
Accumulated Other Comprehensive Income / (Loss)	-25	-26	-23	-23	-22	-23	-21	-21	-22	-21	-24

This table displays calculated financial ratios and metrics derived from F5's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.84%	3.92%	4.76%	3.41%	3.75%	4.83%	10.74%	3.55%	4.35%	0.10%
EBITDA Growth	12.97%	-1.18%	4.94%	4.18%	-8.09%	-19.25%	2.05%	-0.27%	19.50%	34.04%
EBIT Growth	12.87%	-2.04%	4.66%	4.91%	-10.38%	-26.74%	-2.39%	-0.40%	26.10%	43.10%
NOPAT Growth	16.42%	1.30%	13.21%	7.69%	-7.70%	-25.77%	10.87%	0.07%	13.78%	39.76%
Net Income Growth	17.30%	0.23%	15.01%	7.83%	-5.72%	-28.12%	7.74%	-2.74%	22.59%	43.51%
EPS Growth	22.98%	6.96%	20.82%	12.62%	-3.28%	-29.24%	6.59%	-1.31%	24.29%	45.80%
Operating Cash Flow Growth	24.69%	3.94%	4.04%	2.81%	-1.74%	-11.63%	-2.38%	-31.40%	47.62%	21.27%
Free Cash Flow Firm Growth	35.90%	5.84%	5.95%	5.02%	-134.67%	-207.77%	92.88%	342.07%	220.77%	52.24%
Invested Capital Growth	-39.95%	-81.70%	-373.06%	-128.24%	360.93%	203.56%	28.91%	14.16%	3.49%	2.73%
Revenue Q/Q Growth	1.91%	1.22%	0.61%	1.16%	1.25%	1.05%	2.65%	0.67%	0.25%	1.43%
EBITDA Q/Q Growth	0.16%	2.46%	-1.24%	0.80%	-5.39%	-3.13%	6.33%	-5.12%	14.85%	2.83%
EBIT Q/Q Growth	-0.06%	2.50%	-1.55%	0.90%	-7.07%	-4.94%	7.20%	-5.81%	18.28%	4.30%
NOPAT Q/Q Growth	0.92%	3.68%	5.89%	-0.72%	-8.08%	-4.30%	11.48%	-4.87%	16.33%	1.12%
Net Income Q/Q Growth	0.83%	3.36%	6.80%	-0.63%	-8.17%	-5.29%	11.09%	-6.22%	18.90%	2.38%
EPS Q/Q Growth	1.82%	5.28%	8.15%	0.55%	-7.69%	-5.83%	10.79%	-5.39%	19.31%	2.80%
Operating Cash Flow Q/Q Growth	2.01%	3.00%	1.23%	-1.14%	0.24%	-4.37%	3.39%	-8.80%	5.74%	7.71%
Free Cash Flow Firm Q/Q Growth	-2.88%	5.77%	2.96%	-2.57%	-4.68%	-4.71%	31.74%	-28.21%	9.54%	13.77%
Invested Capital Q/Q Growth	-13.71%	-57.86%	-63.56%	-11.60%	-9.43%	-2.45%	-1.00%	0.24%	1.57%	-1.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	82.69%	83.10%	83.09%	83.28%	84.10%	82.65%	81.06%	79.98%	78.91%	80.20%
EBITDA Margin	31.98%	30.41%	30.46%	30.69%	27.19%	20.94%	19.30%	18.58%	21.28%	28.50%
Operating Margin	28.80%	27.44%	26.98%	27.34%	23.12%	16.69%	15.13%	14.98%	16.80%	23.39%
EBIT Margin	29.24%	27.56%	27.54%	27.93%	24.13%	16.86%	14.86%	14.30%	17.28%	24.70%
Profit (Net Income) Margin	19.01%	18.34%	20.13%	20.99%	19.07%	13.08%	12.72%	11.95%	14.04%	20.13%
Tax Burden Percent	65.03%	66.53%	73.11%	75.14%	79.05%	77.56%	85.61%	83.59%	81.27%	81.50%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	34.98%	33.47%	26.89%	24.86%	20.95%	22.44%	14.39%	16.41%	18.73%	18.50%
Return on Invested Capital (ROIC)	186.40%	425.39%	0.00%	0.00%	308.48%	35.00%	22.54%	18.70%	19.61%	26.58%
ROIC Less NNEP Spread (ROIC-NNEP)	185.93%	425.25%	0.00%	0.00%	307.19%	34.71%	23.29%	21.22%	18.00%	23.41%
Return on Net Nonoperating Assets (RNNOA)	-159.23%	-396.15%	0.00%	0.00%	-280.41%	-19.60%	-8.11%	-5.36%	-4.62%	-7.47%
Return on Equity (ROE)	27.18%	29.25%	34.85%	36.08%	28.08%	15.40%	14.43%	13.34%	14.99%	19.12%
Cash Return on Invested Capital (CROIC)	236.33%	563.50%	0.00%	0.00%	-43.19%	-65.88%	-2.73%	5.47%	16.18%	23.89%
Operating Return on Assets (OROA)	24.96%	23.81%	24.07%	23.76%	18.05%	9.83%	8.00%	7.50%	9.24%	12.81%
Return on Assets (ROA)	16.23%	15.84%	17.59%	17.85%	14.27%	7.62%	6.85%	6.27%	7.51%	10.44%
Return on Common Equity (ROCE)	27.18%	29.25%	34.85%	36.08%	28.08%	15.40%	14.43%	13.34%	14.99%	19.12%
Return on Equity Simple (ROE_SIMPLE)	27.72%	30.87%	34.23%	35.29%	24.28%	13.77%	14.03%	13.05%	14.10%	18.11%
Net Operating Profit after Tax (NOPAT)	360	364	412	444	410	304	337	338	384	537
NOPAT Margin	18.73%	18.25%	19.73%	20.54%	18.28%	12.94%	12.96%	12.52%	13.65%	19.06%
Net Nonoperating Expense Percent (NNEP)	0.48%	0.14%	0.69%	0.70%	1.29%	0.28%	-0.76%	-2.52%	1.61%	3.18%
Cost of Revenue to Revenue	17.31%	16.90%	16.91%	16.72%	15.90%	17.35%	18.94%	20.02%	21.09%	19.80%
SG&A Expenses to Revenue	7.06%	6.94%	7.51%	7.42%	9.40%	10.99%	10.51%	10.18%	9.36%	9.55%
R&D to Revenue	15.45%	16.75%	16.76%	16.94%	18.20%	18.77%	19.69%	20.16%	19.21%	17.40%
Operating Expenses to Revenue	53.89%	55.66%	56.10%	55.94%	60.98%	65.96%	65.92%	65.00%	62.11%	56.81%
Earnings before Interest and Taxes (EBIT)	561	550	576	604	541	396	387	385	486	695
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	614	607	637	663	610	492	502	501	599	802
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.24	6.96	6.23	9.43	4.79	3.36	5.08	3.49	3.41	4.10
Price to Tangible Book Value (P/TBV)	10.81	13.11	11.38	16.63	12.13	20.12	83.45	41.11	18.68	15.71
Price to Revenue (P/Rev)	4.28	4.14	3.67	5.61	3.77	3.19	4.61	3.20	3.40	4.56
Price to Earnings (P/E)	22.53	22.55	18.21	26.73	19.74	24.43	36.19	26.76	24.20	22.64
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.44%	4.43%	5.49%	3.74%	5.07%	4.09%	2.76%	3.74%	4.13%	4.42%
Enterprise Value to Invested Capital (EV/IC)	48.71	267.74	0.00	0.00	16.51	5.04	6.71	4.20	4.39	5.74
Enterprise Value to Revenue (EV/Rev)	3.67	3.56	3.04	4.94	3.17	2.80	4.35	3.00	3.11	4.17
Enterprise Value to EBITDA (EV/EBITDA)	11.48	11.69	9.99	16.10	11.67	13.38	22.52	16.12	14.61	14.64
Enterprise Value to EBIT (EV/EBIT)	12.56	12.90	11.05	17.69	13.14	16.61	29.24	20.96	18.00	16.90
Enterprise Value to NOPAT (EV/NOPAT)	19.61	19.48	15.42	24.05	17.36	21.65	33.54	23.93	22.78	21.89
Enterprise Value to Operating Cash Flow (EV/OCF)	10.30	9.97	8.59	14.03	9.51	9.96	17.54	18.25	13.39	14.83
Enterprise Value to Free Cash Flow (EV/FCFF)	15.47	14.70	12.44	19.89	0.00	0.00	0.00	81.76	27.61	24.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.17	0.16	0.14	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.17	0.15	0.00	0.00	0.00
Financial Leverage	-0.86	-0.93	-1.02	-1.09	-0.91	-0.56	-0.35	-0.25	-0.26	-0.32
Leverage Ratio	1.67	1.85	1.98	2.02	1.97	2.02	2.11	2.13	2.00	1.83
Compound Leverage Factor	1.67	1.85	1.98	2.02	1.97	2.02	2.11	2.13	2.00	1.83
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	14.82%	13.52%	12.41%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.74%	0.71%	12.41%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	14.08%	12.82%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	85.18%	86.48%	87.59%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.79	0.73	0.70	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-1.88	-1.34	-1.09	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.75	0.70	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	1.28	1.09	1.04	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-3.04	-2.00	-1.61	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	1.21	1.04	0.00	0.00	0.00
Altman Z-Score	7.61	7.02	6.22	8.01	5.12	3.34	4.17	3.25	4.02	4.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.57	1.53	1.50	1.49	1.37	1.39	1.16	1.04	1.26	1.42
Quick Ratio	1.40	1.36	1.40	1.40	1.17	1.17	0.90	0.74	0.85	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	456	482	511	537	-186	-573	-41	99	317	482
Operating Cash Flow to CapEx	1,135.09%	1,120.74%	1,913.81%	1,450.62%	722.26%	1,102.60%	2,104.98%	1,316.41%	1,205.91%	2,605.61%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.85	0.86	0.87	0.85	0.75	0.58	0.54	0.52	0.53	0.52
Accounts Receivable Turnover	7.36	7.29	7.46	7.36	7.26	7.61	8.18	6.65	6.08	6.67
Inventory Turnover	11.42	9.95	11.07	11.97	10.98	13.09	19.74	11.94	11.38	9.94
Fixed Asset Turnover	23.60	18.21	17.02	16.16	12.17	10.39	12.39	15.00	16.62	17.53
Accounts Payable Turnover	7.03	7.94	8.33	6.66	5.92	6.42	7.79	6.16	6.72	8.50
Days Sales Outstanding (DSO)	49.59	50.09	48.91	49.59	50.25	47.99	44.63	54.87	60.00	54.69
Days Inventory Outstanding (DIO)	31.96	36.68	32.98	30.50	33.25	27.87	18.49	30.58	32.06	36.74
Days Payable Outstanding (DPO)	51.95	45.97	43.82	54.79	61.61	56.87	46.84	59.28	54.29	42.94
Cash Conversion Cycle (CCC)	29.60	40.80	38.07	25.30	21.88	19.00	16.28	26.17	37.77	48.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	145	26	-72	-165	431	1,308	1,686	1,925	1,992	2,046
Invested Capital Turnover	9.95	23.30	-91.18	-18.21	16.88	2.70	1.74	1.49	1.44	1.39
Increase / (Decrease) in Invested Capital	-96	-118	-99	-93	596	877	378	239	67	54
Enterprise Value (EV)	7,050	7,093	6,359	10,678	7,113	6,586	11,315	8,076	8,748	11,751
Market Capitalization	8,222	8,252	7,661	12,128	8,443	7,510	11,989	8,620	9,557	12,834
Book Value per Share	$18.54	$17.90	$19.35	$21.14	$29.29	$36.49	$39.13	$41.45	$47.22	$53.69
Tangible Book Value per Share	$10.71	$9.51	$10.60	$12.00	$11.58	$6.10	$2.38	$3.52	$8.63	$14.02
Total Capital	1,317	1,185	1,229	1,285	1,761	2,621	2,729	2,819	2,800	3,129
Total Debt	0.00	0.00	0.00	0.00	0.00	388	369	350	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	369	350	0.00	0.00	0.00
Net Debt	-1,172	-1,159	-1,302	-1,451	-1,331	-925	-674	-544	-808	-1,083
Capital Expenditures (CapEx)	60	63	39	52	104	60	31	34	54	30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-341	-438	-545	-576	-566	-685	-672	-463	-427	-455
Debt-free Net Working Capital (DFNWC)	433	445	472	463	406	524	239	422	376	620
Net Working Capital (NWC)	433	445	472	463	406	505	220	72	376	620
Net Nonoperating Expense (NNE)	-5.49	-1.67	-8.45	-9.66	-18	-3.20	6.07	15	-11	-30
Net Nonoperating Obligations (NNO)	-1,172	-1,159	-1,302	-1,451	-1,331	-925	-674	-544	-808	-1,083
Total Depreciation and Amortization (D&A)	53	57	61	59	69	96	115	116	113	107
Debt-free, Cash-free Net Working Capital to Revenue	-17.78%	-21.95%	-26.09%	-26.66%	-25.25%	-29.16%	-25.80%	-17.16%	-15.19%	-16.15%
Debt-free Net Working Capital to Revenue	22.56%	22.28%	22.57%	21.43%	18.11%	22.31%	9.17%	15.66%	13.37%	22.01%
Net Working Capital to Revenue	22.56%	22.28%	22.57%	21.43%	18.11%	21.49%	8.43%	2.68%	13.37%	22.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$7.12	$0.00	$5.46	$5.34	$6.59	$9.65
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	60.04M	0.00	60.71M	60.27M	59.91M	58.72M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$7.08	$0.00	$5.34	$5.27	$6.55	$9.55
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	60.46M	0.00	62.06M	61.10M	60.27M	59.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$7.12	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	60.79M	0.00	61.23M	60.37M	59.71M	58.61M
Normalized Net Operating Profit after Tax (NOPAT)	360	370	422	458	410	310	337	344	437	544
Normalized NOPAT Margin	18.73%	18.56%	20.19%	21.18%	18.28%	13.20%	12.96%	12.77%	15.54%	19.31%
Pre Tax Income Margin	29.24%	27.56%	27.54%	27.93%	24.13%	16.86%	14.86%	14.30%	17.28%	24.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	166.26%	191.37%	142.62%	132.27%	47.00%	32.53%	150.95%	155.21%	88.63%	88.32%

This table displays calculated financial ratios and metrics derived from F5's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.53%	2.64%	1.93%	10.87%	4.17%	0.99%	-1.11%	-3.10%	-1.02%	5.62%	10.67%
EBITDA Growth	5.52%	-17.55%	-13.10%	33.13%	3.83%	61.00%	65.06%	27.79%	47.16%	10.81%	13.77%
EBIT Growth	7.42%	-19.26%	-14.15%	49.61%	5.16%	75.32%	81.83%	34.15%	61.20%	16.41%	19.87%
NOPAT Growth	-3.86%	-14.95%	-27.97%	37.51%	-1.78%	55.12%	89.59%	43.79%	58.19%	3.82%	25.09%
Net Income Growth	-7.35%	-19.30%	-22.61%	44.81%	7.18%	70.28%	91.13%	46.15%	61.93%	8.65%	20.28%
EPS Growth	-6.16%	-16.95%	-20.53%	45.65%	8.03%	72.11%	93.33%	49.25%	64.86%	10.28%	21.55%
Operating Cash Flow Growth	-60.83%	-21.67%	74.44%	11.39%	131.16%	22.96%	4.88%	57.28%	-3.69%	29.88%	22.66%
Free Cash Flow Firm Growth	52.30%	46.22%	97.04%	1.74%	135.37%	157.75%	233.30%	208.88%	-34.09%	22.55%	624.07%
Invested Capital Growth	12.76%	14.16%	4.43%	7.15%	2.13%	3.49%	5.96%	2.94%	5.45%	2.73%	2.20%
Revenue Q/Q Growth	6.35%	3.79%	0.05%	0.40%	-0.08%	0.62%	-2.03%	-1.62%	2.08%	7.36%	2.65%
EBITDA Q/Q Growth	26.98%	-2.25%	-2.79%	10.33%	-0.96%	51.58%	-0.34%	-14.59%	14.05%	14.14%	2.33%
EBIT Q/Q Growth	39.24%	-1.51%	-3.81%	13.42%	-2.13%	64.21%	-0.24%	-16.32%	17.60%	18.58%	2.72%
NOPAT Q/Q Growth	52.64%	9.34%	-28.54%	15.30%	9.03%	72.66%	-12.65%	-12.56%	19.95%	13.32%	5.25%
Net Income Q/Q Growth	47.63%	7.62%	-18.96%	12.48%	9.26%	70.98%	-9.04%	-13.99%	21.05%	14.73%	0.70%
EPS Q/Q Growth	48.91%	7.30%	-18.37%	11.67%	10.45%	70.95%	-8.30%	-13.79%	22.00%	14.34%	1.08%
Operating Cash Flow Q/Q Growth	-43.56%	116.18%	2.12%	-10.60%	17.12%	14.99%	-12.90%	34.07%	-28.28%	55.07%	-17.74%
Free Cash Flow Firm Q/Q Growth	-145.42%	-10.31%	91.37%	-320.74%	188.35%	80.09%	-80.09%	243.66%	-46.51%	234.86%	17.63%
Invested Capital Q/Q Growth	4.67%	0.24%	-0.51%	2.65%	-0.23%	1.57%	1.86%	-0.27%	2.19%	-1.05%	1.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.62%	78.94%	77.87%	77.86%	79.84%	80.06%	80.31%	79.29%	80.38%	80.75%	81.67%
EBITDA Margin	19.25%	18.13%	17.62%	19.36%	19.19%	28.91%	29.41%	25.53%	28.53%	30.33%	30.23%
Operating Margin	15.93%	15.36%	13.02%	15.08%	14.74%	24.29%	23.75%	20.54%	23.45%	25.58%	26.76%
EBIT Margin	15.01%	14.24%	13.69%	15.47%	15.15%	24.73%	25.18%	21.42%	24.68%	27.26%	27.27%
Profit (Net Income) Margin	12.31%	12.76%	10.34%	11.58%	12.66%	21.52%	19.98%	17.47%	20.72%	22.14%	21.72%
Tax Burden Percent	82.00%	89.60%	75.49%	74.86%	83.57%	87.02%	79.35%	81.56%	83.95%	81.22%	79.62%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	18.00%	10.40%	24.51%	25.14%	16.43%	12.98%	20.65%	18.44%	16.05%	18.78%	20.38%
Return on Invested Capital (ROIC)	19.31%	20.55%	14.21%	16.51%	17.81%	30.37%	26.82%	23.38%	27.13%	28.98%	30.01%
ROIC Less NNEP Spread (ROIC-NNEP)	20.46%	21.70%	13.64%	16.20%	17.37%	29.97%	25.77%	22.80%	26.26%	27.91%	29.70%
Return on Net Nonoperating Assets (RNNOA)	-4.04%	-5.48%	-3.39%	-4.18%	-3.83%	-7.69%	-7.10%	-6.73%	-7.60%	-8.90%	-9.71%
Return on Equity (ROE)	15.27%	15.08%	10.82%	12.33%	13.98%	22.67%	19.72%	16.65%	19.54%	20.08%	20.30%
Cash Return on Invested Capital (CROIC)	7.60%	5.47%	12.22%	10.55%	14.90%	16.18%	16.82%	21.19%	21.05%	23.89%	25.59%
Operating Return on Assets (OROA)	8.20%	7.48%	7.29%	8.34%	8.39%	13.22%	13.54%	11.24%	13.01%	14.13%	14.01%
Return on Assets (ROA)	6.72%	6.70%	5.51%	6.25%	7.01%	11.50%	10.74%	9.17%	10.92%	11.48%	11.16%
Return on Common Equity (ROCE)	15.27%	15.08%	10.82%	12.33%	13.98%	22.67%	19.72%	16.65%	19.54%	20.08%	20.30%
Return on Equity Simple (ROE_SIMPLE)	14.79%	0.00%	11.66%	11.97%	12.50%	0.00%	16.11%	17.00%	18.39%	0.00%	18.38%
Net Operating Profit after Tax (NOPAT)	88	96	69	79	87	149	131	114	137	155	163
NOPAT Margin	13.06%	13.76%	9.83%	11.29%	12.32%	21.14%	18.85%	16.75%	19.69%	20.78%	21.30%
Net Nonoperating Expense Percent (NNEP)	-1.14%	-1.15%	0.57%	0.31%	0.44%	0.40%	1.05%	0.58%	0.87%	1.07%	0.32%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	4.56%	-	-	-	5.05%
Cost of Revenue to Revenue	19.38%	21.07%	22.13%	22.14%	20.16%	19.94%	19.69%	20.71%	19.62%	19.25%	18.33%
SG&A Expenses to Revenue	10.50%	9.93%	9.99%	9.53%	9.22%	8.71%	9.34%	9.86%	9.48%	9.51%	9.53%
R&D to Revenue	20.57%	19.79%	20.32%	20.10%	18.33%	18.08%	17.26%	17.94%	17.88%	16.60%	17.03%
Operating Expenses to Revenue	64.68%	63.57%	64.84%	62.78%	65.10%	55.77%	56.55%	58.75%	56.94%	55.17%	54.91%
Earnings before Interest and Taxes (EBIT)	101	100	96	109	106	175	174	146	172	204	209
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	130	127	123	136	135	204	204	174	198	226	232
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.98	3.49	3.35	3.21	3.33	3.41	3.71	3.80	3.35	4.10	4.56
Price to Tangible Book Value (P/TBV)	146.82	41.11	26.82	20.05	23.98	18.68	18.55	17.96	14.45	15.71	15.96
Price to Revenue (P/Rev)	3.46	3.20	3.20	3.15	3.15	3.40	3.78	4.01	3.64	4.56	5.10
Price to Earnings (P/E)	26.94	26.76	28.78	26.85	26.63	24.20	23.03	22.36	18.23	22.64	24.78
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.71%	3.74%	3.47%	3.72%	3.76%	4.13%	4.34%	4.47%	5.48%	4.42%	4.04%
Enterprise Value to Invested Capital (EV/IC)	4.61	4.20	4.18	4.07	4.15	4.39	4.82	5.06	4.43	5.74	6.55
Enterprise Value to Revenue (EV/Rev)	3.31	3.00	2.95	2.88	2.90	3.11	3.49	3.68	3.30	4.17	4.70
Enterprise Value to EBITDA (EV/EBITDA)	16.76	16.12	16.58	15.49	15.63	14.61	14.41	14.28	11.73	14.64	16.35
Enterprise Value to EBIT (EV/EBIT)	21.63	20.96	21.63	19.72	19.83	18.00	17.33	17.02	13.73	16.90	18.60
Enterprise Value to NOPAT (EV/NOPAT)	24.95	23.93	25.78	24.13	24.68	22.78	21.95	21.31	17.24	21.89	23.84
Enterprise Value to Operating Cash Flow (EV/OCF)	18.24	18.25	15.68	15.26	13.18	13.39	14.80	13.80	12.44	14.83	16.36
Enterprise Value to Free Cash Flow (EV/FCFF)	64.33	81.76	34.91	39.91	28.17	27.61	29.50	24.23	21.58	24.36	25.87
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.20	-0.25	-0.25	-0.26	-0.22	-0.26	-0.28	-0.30	-0.29	-0.32	-0.33
Leverage Ratio	2.17	2.13	2.04	2.01	2.04	2.00	1.92	1.87	1.86	1.83	1.85
Compound Leverage Factor	2.17	2.13	2.04	2.01	2.04	2.00	1.92	1.87	1.86	1.83	1.85
Debt to Total Capital	13.24%	12.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	13.24%	12.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	86.76%	87.59%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.67	0.70	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.76	-1.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	1.00	1.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-1.14	-1.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.28	3.07	3.40	3.46	3.55	3.82	4.04	4.20	4.03	4.64	4.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.95	1.04	1.12	1.20	1.15	1.26	1.29	1.30	1.36	1.42	1.48
Quick Ratio	0.68	0.74	0.75	0.81	0.76	0.85	0.88	0.86	0.93	0.98	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-129	-142	-12	-52	46	82	16	56	30	101	119
Operating Cash Flow to CapEx	765.69%	1,814.45%	1,202.92%	1,318.39%	1,099.70%	1,233.92%	1,827.12%	2,344.12%	2,717.71%	4,067.74%	2,511.85%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.55	0.52	0.53	0.54	0.55	0.53	0.54	0.52	0.53	0.52	0.51
Accounts Receivable Turnover	6.39	6.65	5.99	6.17	6.27	6.08	5.62	6.37	6.46	6.67	5.79
Inventory Turnover	15.68	11.94	13.99	14.98	13.35	11.38	12.09	9.30	8.90	9.94	10.30
Fixed Asset Turnover	14.52	15.00	15.35	15.94	16.35	16.62	16.76	16.80	17.07	17.53	18.23
Accounts Payable Turnover	8.48	6.16	8.61	8.47	8.64	6.72	8.72	8.78	9.32	8.50	9.88
Days Sales Outstanding (DSO)	57.16	54.87	60.94	59.11	58.22	60.00	64.95	57.30	56.50	54.69	63.03
Days Inventory Outstanding (DIO)	23.28	30.58	26.09	24.37	27.35	32.06	30.18	39.26	40.99	36.74	35.44
Days Payable Outstanding (DPO)	43.03	59.28	42.40	43.11	42.27	54.29	41.87	41.59	39.18	42.94	36.94
Cash Conversion Cycle (CCC)	37.41	26.17	44.62	40.38	43.31	37.77	53.26	54.97	58.31	48.48	61.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,920	1,925	1,915	1,966	1,961	1,992	2,029	2,023	2,068	2,046	2,074
Invested Capital Turnover	1.48	1.49	1.45	1.46	1.45	1.44	1.42	1.40	1.38	1.39	1.41
Increase / (Decrease) in Invested Capital	217	239	81	131	41	67	114	58	107	54	45
Enterprise Value (EV)	8,852	8,076	7,996	7,999	8,148	8,748	9,783	10,239	9,152	11,751	13,578
Market Capitalization	9,255	8,620	8,663	8,759	8,844	9,557	10,615	11,149	10,095	12,834	14,740
Book Value per Share	$38.41	$41.45	$42.78	$45.33	$43.95	$47.22	$48.39	$49.88	$51.37	$53.69	$55.20
Tangible Book Value per Share	$1.04	$3.52	$5.35	$7.27	$6.10	$8.63	$9.68	$10.56	$11.92	$14.02	$15.75
Total Capital	2,678	2,819	2,582	2,726	2,658	2,800	2,861	2,933	3,011	3,129	3,236
Total Debt	355	350	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-403	-544	-668	-760	-696	-808	-832	-910	-943	-1,083	-1,162
Capital Expenditures (CapEx)	9.33	8.51	13	11	15	15	9.05	9.46	5.85	6.06	8.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-464	-463	-479	-456	-466	-427	-389	-454	-405	-455	-397
Debt-free Net Working Capital (DFNWC)	275	422	181	300	224	376	437	449	531	620	754
Net Working Capital (NWC)	-80	72	181	300	224	376	437	449	531	620	754
Net Nonoperating Expense (NNE)	5.10	7.00	-3.55	-2.05	-2.42	-2.68	-7.84	-4.87	-7.16	-10	-3.15
Net Nonoperating Obligations (NNO)	-403	-544	-668	-760	-696	-808	-832	-910	-943	-1,083	-1,162
Total Depreciation and Amortization (D&A)	29	27	27	27	28	30	29	28	27	23	23
Debt-free, Cash-free Net Working Capital to Revenue	-17.31%	-17.16%	-17.67%	-16.40%	-16.62%	-15.19%	-13.85%	-16.32%	-14.59%	-16.15%	-13.72%
Debt-free Net Working Capital to Revenue	10.26%	15.66%	6.68%	10.78%	7.99%	13.37%	15.59%	16.13%	19.11%	22.01%	26.10%
Net Working Capital to Revenue	-2.98%	2.68%	6.68%	10.78%	7.99%	13.37%	15.59%	16.13%	19.11%	22.01%	26.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.38	$1.49	$1.20	$1.35	$1.48	$2.56	$2.34	$2.02	$2.46	$2.83	$2.85
Adjusted Weighted Average Basic Shares Outstanding	59.97M	60.27M	60.10M	60.33M	59.98M	59.91M	59.12M	58.79M	58.58M	58.72M	58.31M
Adjusted Diluted Earnings per Share	$1.37	$1.47	$1.20	$1.34	$1.48	$2.53	$2.32	$2.00	$2.44	$2.79	$2.82
Adjusted Weighted Average Diluted Shares Outstanding	60.46M	61.10M	60.39M	60.69M	60.31M	60.27M	59.65M	59.58M	59.15M	59.36M	59.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.56M	60.37M	60.12M	60.47M	59.31M	59.71M	58.81M	58.61M	58.28M	58.61M	57.65M
Normalized Net Operating Profit after Tax (NOPAT)	88	96	75	79	134	149	137	114	137	155	172
Normalized NOPAT Margin	13.06%	13.76%	10.77%	11.29%	19.06%	21.14%	19.82%	16.76%	19.70%	20.78%	22.48%
Pre Tax Income Margin	15.01%	14.24%	13.69%	15.47%	15.15%	24.73%	25.18%	21.42%	24.68%	27.26%	27.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	145.55%	155.21%	137.88%	88.90%	87.32%	88.63%	99.81%	112.35%	83.10%	88.32%	79.95%

Frequently Asked Questions About F5's Financials

When does F5's fiscal year end?

According to the most recent income statement we have on file, F5's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has F5's net income changed over the last 9 years?

F5's net income were at $566.78 million at the end of 2024, a 43.5% increase from 2023, and a 55.3% increase since 2015.

What is F5's operating income?

F5's total operating income in 2024 was $658.59 million, based on the following breakdown:

Total Gross Profit: $2.26 billion
Total Operating Expenses: $1.60 billion

How has F5 revenue changed over the last 9 years?

Over the last 9 years, F5's total revenue changed from $1.92 billion in 2015 to $2.82 billion in 2024, a change of 46.7%.

How much debt does F5 have?

F5's total liabilities were at $2.48 billion at the end of 2024, a 1.5% increase from 2023, and a 149.5% increase since 2015.

How much cash does F5 have?

In the past 9 years, F5's cash and equivalents has ranged from $390.46 million in 2015 to $1.07 billion in 2024, and is currently $1.07 billion as of their latest financial filing in 2024.

How has F5's book value per share changed over the last 9 years?

Over the last 9 years, F5's book value per share changed from 18.54 in 2015 to 53.69 in 2024, a change of 189.5%.

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This page (NASDAQ:FFIV) was last updated on 4/15/2025 by MarketBeat.com Staff

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F5 (FFIV) Financials

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F5 (FFIV) Financials

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