NetScout Systems (NTCT) Financials

$20.05 -0.11 (-0.55%)

As of 04:00 PM Eastern

Annual Income Statements for NetScout Systems

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	49	61	-28	1,665	80	-73	-2.75	19	36	60	-148
Consolidated Net Income / (Loss)	49	61	-28	33	80	-73	-2.75	19	36	60	-148
Net Income / (Loss) Continuing Operations	49	61	-28	1,665	80	-73	-2.75	19	36	60	-148
Total Pre-Tax Income	78	95	-32	52	-19	-93	1.92	22	43	68	-145
Total Operating Income	78	97	-26	62	-4.06	-72	18	37	49	78	-150
Total Gross Profit	312	359	627	1,632	715	656	650	609	641	691	642
Total Revenue	397	454	955	2,324	987	910	892	831	856	915	829
Operating Revenue	397	454	955	2,324	987	910	892	831	856	915	829
Total Cost of Revenue	85	95	328	692	272	254	242	222	214	223	187
Operating Cost of Revenue	85	95	328	692	272	254	242	-	214	223	187
Total Operating Expenses	234	262	653	-62	719	727	632	572	593	614	792
Selling, General & Admin Expense	31	47	118	118	109	94	100	89	98	104	96
Marketing Expense	130	136	293	329	313	292	277	243	264	277	271
Research & Development Expense	70	75	209	233	215	204	188	179	171	176	161
Amortization Expense	3.43	3.35	32	70	77	74	65	61	60	55	50
Other Operating Expenses / (Income)	-	-	-	816	0.00	9.47	-	-	0.00	0.00	-3.81
Impairment Charge	-	-	-	0.00	0.00	36	-	-	0.00	0.00	217
Restructuring Charge	0.00	0.00	0.47	4.00	5.21	19	2.67	0.06	0.00	1.78	0.00
Total Other Income / (Expense), net	-0.16	-1.81	-6.89	-9.88	-15	-21	-16	-15	-5.74	-9.25	5.32
Interest Expense	0.77	0.77	6.33	9.18	13	26	21	11	8.05	10	8.65
Interest & Investment Income	0.31	0.45	0.69	1.02	1.81	5.25	4.53	0.65	0.30	4.92	9.60
Other Income / (Expense), net	0.30	-1.48	-1.25	-1.72	-3.78	-0.43	0.36	-4.59	2.01	-3.92	4.37
Income Tax Expense	29	34	-4.07	19	-98	-20	4.68	2.95	7.02	8.77	3.22
Basic Earnings per Share	$1.19	$1.49	($0.35)	$0.36	$0.91	($0.93)	($0.04)	$0.26	$0.48	$0.83	($2.07)
Weighted Average Basic Shares Outstanding	41.37M	41.11M	81.93M	92.23M	87.43M	78.62M	75.16M	73.10M	74.02M	71.78M	71.47M
Diluted Earnings per Share	$1.17	$1.47	($0.35)	$0.36	$0.90	($0.93)	($0.04)	$0.26	$0.48	$0.82	($2.07)
Weighted Average Diluted Shares Outstanding	41.96M	41.64M	81.93M	92.92M	88.26M	78.62M	75.16M	73.82M	75.08M	73.05M	71.47M
Weighted Average Basic & Diluted Shares Outstanding	41.30M	41.10M	81.10M	92.50M	87.70M	64.30M	144.44M	73.75M	74.12M	71.25M	71.42M

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	-7.13	17	53	-3.22	-4.20	21	-133	-32	-443	9.03	49
Consolidated Net Income / (Loss)	-7.13	17	53	-3.22	-4.20	21	-133	-32	-443	9.03	49
Net Income / (Loss) Continuing Operations	-7.13	17	53	-3.22	-4.20	21	-133	-32	-443	9.03	49
Total Pre-Tax Income	-10	19	61	-1.06	-5.33	27	-134	-33	-454	12	57
Total Operating Income	-9.13	21	64	1.64	-4.70	26	-134	-37	-463	14	62
Total Gross Profit	151	170	213	157	161	154	174	153	130	149	205
Total Revenue	209	228	270	208	211	197	218	203	175	191	252
Operating Revenue	209	228	270	208	211	197	218	203	175	191	252
Total Cost of Revenue	58	58	57	51	50	43	44	50	44	42	47
Operating Cost of Revenue	58	58	57	51	50	43	44	50	44	42	47
Total Operating Expenses	160	149	149	156	165	127	309	190	594	135	144
Selling, General & Admin Expense	25	25	26	28	28	23	23	22	26	24	23
Marketing Expense	76	66	67	67	79	61	69	62	70	61	70
Research & Development Expense	43	44	43	46	46	35	37	44	42	36	38
Amortization Expense	14	14	14	14	13	13	13	13	12	12	12
Other Operating Expenses / (Income)	-	0.00	0.00	-	-	-3.81	0.00	-	-	0.00	0.00
Impairment Charge	-	-	0.00	-	0.00	0.00	167	-	427	0.00	0.00
Restructuring Charge	1.77	-0.06	0.09	-0.02	0.00	0.00	0.00	-	17	2.41	0.92
Total Other Income / (Expense), net	-1.36	-2.02	-3.17	-2.70	-0.64	1.18	0.73	4.04	9.63	-1.80	-4.34
Interest Expense	1.86	2.24	2.91	3.23	2.09	2.17	2.21	2.18	1.95	1.80	2.65
Interest & Investment Income	0.28	0.76	1.48	2.41	2.29	2.51	2.15	2.66	3.10	2.55	2.53
Other Income / (Expense), net	0.23	-0.54	-1.74	-1.88	-0.83	0.85	0.79	3.56	8.48	-2.54	-4.22
Income Tax Expense	-3.35	2.00	7.96	2.16	-1.13	6.01	-1.14	-0.51	-10	3.30	8.57
Basic Earnings per Share	($0.10)	$0.24	$0.73	($0.04)	($0.06)	$0.30	($1.87)	($0.44)	($6.20)	$0.13	$0.68
Weighted Average Basic Shares Outstanding	72.45M	71.86M	71.74M	71.78M	71.54M	72.11M	71.08M	71.47M	71.47M	71.45M	71.74M
Diluted Earnings per Share	($0.10)	$0.24	$0.72	($0.04)	($0.06)	$0.29	($1.87)	($0.43)	($6.20)	$0.13	$0.67
Weighted Average Diluted Shares Outstanding	72.45M	72.89M	73.05M	73.05M	71.54M	72.80M	71.08M	71.47M	71.47M	71.84M	72.57M
Weighted Average Basic & Diluted Shares Outstanding	71.48M	72.25M	70.96M	71.25M	72.15M	71.00M	71.04M	71.42M	71.32M	71.72M	71.75M

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	2.15	2.82	106	95	65	39	-70	127	169	-249	2.88
Net Cash From Operating Activities	111	107	97	227	222	150	225	214	296	157	59
Net Cash From Continuing Operating Activities	111	107	97	227	222	150	225	214	296	157	59
Net Income / (Loss) Continuing Operations	49	61	-28	33	80	-73	-2.75	19	36	60	-148
Consolidated Net Income / (Loss)	49	61	-28	33	80	-73	-2.75	19	36	60	-148
Depreciation Expense	18	20	140	161	154	138	116	106	96	86	75
Non-Cash Adjustments To Reconcile Net Income	13	17	28	37	48	100	61	62	67	74	289
Changes in Operating Assets and Liabilities, net	31	8.83	-43	-4.10	-59	-15	50	27	97	-63	-158
Net Cash From Investing Activities	-77	-56	25	-42	57	-26	-4.31	25	-68	15	13
Net Cash From Continuing Investing Activities	-77	-56	25	-42	57	-26	-4.31	25	-68	15	13
Purchase of Property, Plant & Equipment	-13	-13	-26	-31	-16	-24	-20	-12	-10	-10	-6.34
Acquisitions	-1.09	-0.17	-3.96	-5.64	-8.88	-3.29	-11	-4.54	-0.05	-0.16	0.00
Purchase of Investments	-128	-133	-100	-200	-114	-230	-117	-16	-78	-115	-53
Divestitures	-	-	28	-	-	-	-	-	0.00	0.00	7.77
Sale and/or Maturity of Investments	66	90	119	181	196	230	144	57	21	140	65
Other Investing Activities, net	0.12	0.06	9.16	14	0.19	-0.10	0.02	0.09	-0.16	0.00	-0.03
Net Cash From Financing Activities	-32	-49	-17	-90	-221	-79	-287	-118	-54	-419	-69
Net Cash From Continuing Financing Activities	-32	-49	-17	-90	-221	-79	-287	-118	-54	-419	-69
Repayment of Debt	0.00	0.00	-	0.00	0.00	-50	-100	-100	-354	-250	0.00
Repurchase of Common Equity	-34	-52	-303	-80	-501	-14	-175	-3.28	-36	-150	-50
Issuance of Debt	-	-	295	0.00	295	-	0.00	0.00	350	0.00	0.00
Issuance of Common Equity	0.81	0.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities, net	1.55	2.81	-9.07	-9.56	-14	-15	-12	-15	-15	-19	-19
Effect of Exchange Rate Changes	-0.26	0.83	0.74	-	-	-5.21	-3.43	6.63	-4.51	-1.89	0.06
Cash Interest Paid	0.00	0.00	3.81	6.44	9.60	23	18	7.69	4.96	8.06	6.43
Cash Income Taxes Paid	21	29	51	49	18	13	13	11	32	56	62

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	-304	-12	32	35	-54	-53	18	92	-27	1.14	35
Net Cash From Operating Activities	-13	10	46	113	-22	-26	14	94	38	-3.73	41
Net Cash From Continuing Operating Activities	-13	10	46	113	-22	-26	14	94	38	-3.73	41
Net Income / (Loss) Continuing Operations	-7.13	17	53	-3.22	-4.20	21	-133	-32	-443	9.03	49
Consolidated Net Income / (Loss)	-7.13	17	53	-3.22	-4.20	21	-133	-32	-443	9.03	49
Depreciation Expense	22	21	21	22	19	19	19	18	16	16	16
Amortization Expense	-	-	-	-	2.59	2.63	2.64	-	2.61	2.62	2.63
Non-Cash Adjustments To Reconcile Net Income	18	19	18	19	20	14	182	65	439	16	20
Changes in Operating Assets and Liabilities, net	-45	-48	-46	76	-60	-84	-57	43	23	-48	-46
Net Cash From Investing Activities	23	-7.67	-20	21	-19	12	20	-0.07	-3.09	3.95	1.19
Net Cash From Continuing Investing Activities	23	-7.67	-20	21	-19	12	20	-0.07	-3.09	3.95	1.19
Purchase of Property, Plant & Equipment	-2.20	-3.01	-3.17	-2.11	-1.96	-1.54	-1.25	-1.60	-1.27	-0.88	-1.86
Purchase of Investments	-28	-33	-39	-14	-26	-16	-1.24	-9.62	-12	-8.85	-8.35
Sale and/or Maturity of Investments	53	29	22	37	8.73	21	23	11	10	15	11
Net Cash From Financing Activities	-311	-8.20	-0.18	-100	-13	-36	-19	-0.20	-62	-1.60	-2.78
Net Cash From Continuing Financing Activities	-311	-8.20	-0.18	-100	-13	-36	-19	-0.20	-62	-1.60	-2.78
Repayment of Debt	-150	-	-	-100	0.00	-	-	-	-25	-	-77
Other Financing Activities, net	-11	-8.20	-0.18	-0.21	-13	-5.31	-0.43	-0.20	-12	-1.34	-0.33
Effect of Exchange Rate Changes	-2.81	-6.44	6.08	1.28	0.82	-2.12	2.64	-1.28	-0.64	2.52	-4.85
Cash Interest Paid	1.31	1.69	2.35	2.71	1.59	1.61	1.63	1.61	1.44	1.26	1.10
Cash Income Taxes Paid	13	17	17	8.63	22	19	13	7.84	9.14	13	10

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	608	669	3,593	3,602	3,369	3,270	3,121	3,085	3,195	2,821	2,595
Total Current Assets	279	337	740	854	752	801	660	722	922	617	672
Cash & Equivalents	102	105	211	305	370	410	338	467	636	387	390
Short-Term Investments	75	101	128	138	78	76	48	9.28	67	32	33
Accounts Receivable	61	82	247	294	213	235	214	198	148	144	192
Inventories, net	13	12	58	40	35	26	22	23	28	18	14
Prepaid Expenses	11	13	78	37	34	36	24	24	33	34	32
Current Deferred & Refundable Income Taxes	17	23	18	40	23	18	14	1.91	9.35	2.24	11
Plant, Property, & Equipment, net	23	24	62	61	53	59	58	48	41	35	26
Total Noncurrent Assets	306	308	2,790	2,686	2,564	2,410	2,403	2,314	2,231	2,168	1,896
Long-Term Investments	41	59	13	22	0.00	1.01	2.61	-	0.00	8.94	0.99
Goodwill	203	197	1,709	1,718	1,713	1,715	1,726	1,718	1,723	1,724	1,503
Intangible Assets	59	50	1,054	931	831	669	582	512	433	367	309
Noncurrent Deferred & Refundable Income Taxes	-	0.00	6.21	6.58	6.69	7.22	6.22	8.10	6.88	4.53	31
Other Noncurrent Operating Assets	2.46	1.70	7.36	7.71	13	17	86	77	68	64	53
Total Liabilities & Shareholders' Equity	608	669	3,593	3,602	3,369	3,270	3,121	3,085	3,195	2,821	2,595
Total Liabilities	199	233	1,149	1,165	1,300	1,205	1,183	1,079	1,134	791	703
Total Current Liabilities	163	188	457	460	413	380	399	411	476	454	395
Accounts Payable	12	13	44	37	30	25	20	18	22	16	15
Accrued Expenses	6.43	14	32	30	33	23	22	21	32	26	15
Current Deferred Revenue	109	123	297	311	302	273	270	270	331	312	302
Current Deferred & Payable Income Tax Liabilities	0.79	0.11	2.09	5.06	1.53	1.32	0.90	7.03	4.35	4.39	0.76
Current Employee Benefit Liabilities	35	37	82	78	47	59	76	83	76	83	51
Other Current Liabilities	-	-	-	-	-	-	10	12	11	12	12
Total Noncurrent Liabilities	36	46	692	705	887	825	784	668	658	337	308
Long-Term Debt	-	0.00	300	300	600	550	450	350	350	100	100
Noncurrent Deferred Revenue	25	27	68	87	91	95	104	103	133	130	130
Noncurrent Deferred & Payable Income Tax Liabilities	2.76	11	285	278	152	124	114	92	79	25	4.37
Noncurrent Employee Benefit Liabilities	1.58	1.59	31	32	35	36	34	39	35	26	28
Other Noncurrent Operating Liabilities	6.66	6.48	7.54	8.77	8.31	19	81	83	61	57	45
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	409	436	2,443	2,436	2,069	2,065	1,938	2,006	2,060	2,030	1,892
Total Preferred & Common Equity	409	436	2,443	2,436	2,069	2,065	1,938	2,006	2,060	2,030	1,892
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	409	436	2,443	2,436	2,069	2,065	1,938	2,006	2,060	2,030	1,892
Common Stock	274	298	2,643	2,694	2,665	2,829	2,892	2,956	3,024	3,100	3,181
Retained Earnings	251	312	283	317	396	358	355	375	411	470	322
Treasury Stock	-118	-170	-481	-571	-996	-1,119	-1,306	-1,322	-1,374	-1,546	-1,615
Accumulated Other Comprehensive Income / (Loss)	2.77	-4.65	-1.50	-3.47	2.90	-2.64	-3.16	-1.94	0.14	5.74	3.57

This table presents NetScout Systems' 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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	3,134	2,817	2,822	2,904	2,731	2,698	2,590	2,085	2,071	2,175
Total Current Assets	840	563	588	682	550	541	609	590	584	692
Cash & Equivalents	548	333	320	352	333	280	298	362	363	398
Short-Term Investments	5.35	42	47	57	52	49	31	44	38	29
Accounts Receivable	234	113	139	216	108	153	222	129	119	215
Inventories, net	22	23	24	19	18	16	15	15	16	14
Prepaid Expenses	26	32	28	29	27	30	28	26	32	27
Current Deferred & Refundable Income Taxes	4.36	21	30	8.78	11	14	15	13	15	8.80
Plant, Property, & Equipment, net	43	40	39	38	33	31	28	25	23	22
Total Noncurrent Assets	2,251	2,213	2,195	2,185	2,148	2,127	1,953	1,470	1,464	1,461
Long-Term Investments	-	-	-	6.91	5.88	3.96	1.01	1.00	1.01	1.02
Goodwill	1,721	1,726	1,733	1,726	1,724	1,722	1,552	1,077	1,073	1,079
Intangible Assets	454	415	394	382	352	336	324	295	286	270
Noncurrent Deferred & Refundable Income Taxes	7.82	6.65	6.23	6.69	4.61	4.47	20	48	55	63
Other Noncurrent Operating Assets	69	65	62	63	61	60	57	50	49	48
Total Liabilities & Shareholders' Equity	3,134	2,817	2,822	2,904	2,731	2,698	2,590	2,085	2,071	2,175
Total Liabilities	1,086	910	884	899	699	658	686	653	611	654
Total Current Liabilities	431	415	402	440	383	359	382	383	347	382
Accounts Payable	18	20	21	15	14	16	15	16	14	14
Accrued Expenses	32	33	27	22	19	18	18	12	15	17
Current Deferred Revenue	297	297	287	317	283	275	293	279	264	285
Current Deferred & Payable Income Tax Liabilities	5.38	2.92	0.57	1.68	1.60	1.60	1.60	0.76	0.76	0.76
Current Employee Benefit Liabilities	67	51	55	72	54	37	42	63	41	55
Other Current Liabilities	11	11	10	11	12	12	12	12	12	11
Total Noncurrent Liabilities	655	495	482	459	316	299	304	270	264	272
Long-Term Debt	350	200	200	200	100	100	100	75	75	75
Noncurrent Deferred Revenue	122	127	123	128	122	119	125	121	116	127
Noncurrent Deferred & Payable Income Tax Liabilities	81	75	72	40	14	3.22	4.51	4.33	3.96	3.65
Noncurrent Employee Benefit Liabilities	39	34	31	34	26	25	26	28	29	27
Other Noncurrent Operating Liabilities	63	59	56	57	54	51	48	42	40	39
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	2,048	1,907	1,938	2,005	2,031	2,040	1,904	1,432	1,459	1,521
Total Preferred & Common Equity	2,048	1,907	1,938	2,005	2,031	2,040	1,904	1,432	1,459	1,521
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	2,048	1,907	1,938	2,005	2,031	2,040	1,904	1,432	1,459	1,521
Common Stock	3,004	2,993	3,016	3,078	3,119	3,143	3,158	3,202	3,221	3,235
Retained Earnings	419	403	421	473	466	487	355	-121	-112	-63
Treasury Stock	-1,373	-1,490	-1,498	-1,546	-1,560	-1,596	-1,615	-1,653	-1,654	-1,655
Accumulated Other Comprehensive Income / (Loss)	-1.80	-0.15	-1.06	-0.35	5.80	5.38	5.87	3.40	4.15	3.12

This table displays calculated financial ratios and metrics derived from NetScout Systems' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.15%	14.38%	110.60%	143.27%	-57.54%	-7.79%	-1.99%	-6.79%	2.92%	6.89%	-9.30%
EBITDA Growth	17.80%	19.08%	-1.51%	95.30%	-34.15%	-54.79%	103.60%	3.18%	5.83%	9.04%	-144.14%
EBIT Growth	21.38%	21.68%	-128.12%	325.17%	-112.98%	-819.25%	124.99%	80.83%	55.65%	45.61%	-297.26%
NOPAT Growth	19.68%	26.73%	-128.68%	321.38%	-107.17%	-1,663.92%	49.61%	227.60%	26.26%	66.46%	-254.89%
Net Income Growth	20.92%	24.61%	-146.36%	217.35%	139.74%	-191.87%	96.24%	802.69%	85.38%	66.27%	-347.68%
EPS Growth	21.88%	25.64%	-123.81%	202.86%	150.00%	-203.33%	95.70%	750.00%	84.62%	70.83%	-352.44%
Operating Cash Flow Growth	16.28%	-3.62%	-9.09%	133.27%	-1.90%	-32.64%	50.18%	-4.93%	38.37%	-47.08%	-62.46%
Free Cash Flow Firm Growth	441.50%	6.76%	-2,835.27%	107.12%	-70.09%	-10.83%	145.56%	45.41%	40.25%	-65.60%	-60.53%
Invested Capital Growth	-12.60%	-10.23%	1,299.30%	-5.01%	-2.22%	-4.17%	-6.09%	-5.98%	-9.16%	-0.32%	-7.86%
Revenue Q/Q Growth	3.72%	1.58%	21.11%	105.85%	-63.82%	7.77%	90.33%	-1.88%	-2.53%	1.88%	-0.56%
EBITDA Q/Q Growth	5.45%	4.33%	1.17%	23.61%	-24.25%	71.89%	-12.21%	0.25%	-14.88%	3.59%	-108.87%
EBIT Q/Q Growth	5.59%	4.38%	-396.67%	285.29%	-119.84%	33.83%	-47.05%	9.66%	-31.36%	11.58%	-29.55%
NOPAT Q/Q Growth	4.30%	7.88%	-151.51%	115.05%	-102.43%	33.93%	-231.09%	13.60%	-34.64%	10.16%	-34.72%
Net Income Q/Q Growth	4.52%	7.33%	-627.60%	352.02%	-6.44%	3.16%	-130.19%	26.89%	-35.61%	9.52%	-24.63%
EPS Q/Q Growth	4.46%	8.09%	-197.22%	550.00%	-6.25%	6.06%	-133.33%	44.44%	-36.84%	10.81%	-23.21%
Operating Cash Flow Q/Q Growth	24.38%	-0.53%	-8.47%	32.26%	-9.15%	4.75%	13.58%	-6.64%	27.37%	-21.50%	-24.56%
Free Cash Flow Firm Q/Q Growth	33.46%	2.55%	-0.88%	58.50%	-74.83%	775.50%	-13.51%	-3.28%	36.51%	-37.26%	-22.56%
Invested Capital Q/Q Growth	-10.79%	-10.71%	-0.49%	-2.13%	-1.22%	-1.81%	-3.26%	-3.02%	-7.43%	-4.88%	-6.32%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	78.69%	79.16%	65.62%	70.21%	72.45%	72.07%	72.84%	73.28%	74.97%	75.61%	77.41%
EBITDA Margin	24.35%	25.35%	11.86%	9.52%	14.76%	7.24%	15.04%	16.64%	17.11%	17.46%	-8.50%
Operating Margin	19.67%	21.33%	-2.67%	2.67%	-0.41%	-7.87%	1.98%	4.47%	5.68%	8.49%	-18.06%
EBIT Margin	19.74%	21.01%	-2.81%	2.60%	-0.79%	-7.91%	2.02%	3.91%	5.92%	8.06%	-17.54%
Profit (Net Income) Margin	12.38%	13.49%	-2.97%	1.43%	8.09%	-8.06%	-0.31%	2.33%	4.19%	6.52%	-17.81%
Tax Burden Percent	63.07%	64.44%	87.45%	63.79%	-427.74%	78.92%	-143.14%	86.76%	83.64%	87.19%	102.23%
Interest Burden Percent	99.41%	99.66%	121.04%	86.47%	238.18%	129.02%	10.69%	68.55%	84.69%	92.78%	99.35%
Effective Tax Rate	36.93%	35.56%	0.00%	36.21%	0.00%	0.00%	243.14%	13.24%	16.36%	12.81%	0.00%
Return on Invested Capital (ROIC)	24.11%	34.52%	-1.40%	1.70%	-0.13%	-2.30%	-1.22%	1.66%	2.27%	3.97%	-6.42%
ROIC Less NNEP Spread (ROIC-NNEP)	24.16%	35.00%	5.22%	7.51%	-1,328.84%	-23.87%	35.07%	40.93%	4.27%	6.34%	6.73%
Return on Net Nonoperating Assets (RNNOA)	-11.54%	-20.04%	-0.57%	-0.33%	3.67%	-1.24%	1.09%	-0.68%	-0.50%	-1.06%	-1.12%
Return on Equity (ROE)	12.57%	14.48%	-1.97%	1.36%	3.54%	-3.55%	-0.14%	0.98%	1.76%	2.92%	-7.53%
Cash Return on Invested Capital (CROIC)	37.56%	45.30%	-174.72%	6.84%	2.12%	1.95%	5.06%	7.83%	11.87%	4.29%	1.77%
Operating Return on Assets (OROA)	13.50%	14.93%	-1.26%	1.68%	-0.22%	-2.17%	0.56%	1.05%	1.61%	2.45%	-5.37%
Return on Assets (ROA)	8.47%	9.59%	-1.33%	0.93%	2.29%	-2.21%	-0.09%	0.62%	1.14%	1.98%	-5.46%
Return on Common Equity (ROCE)	12.57%	14.48%	-1.97%	1.36%	3.54%	-3.55%	-0.14%	0.98%	1.76%	2.92%	-7.53%
Return on Equity Simple (ROE_SIMPLE)	12.00%	14.04%	-1.16%	1.37%	3.86%	-3.55%	-0.14%	0.96%	1.74%	2.94%	-7.81%
Net Operating Profit after Tax (NOPAT)	49	62	-18	40	-2.84	-50	-25	32	41	68	-105
NOPAT Margin	12.41%	13.75%	-1.87%	1.70%	-0.29%	-5.51%	-2.83%	3.88%	4.75%	7.40%	-12.64%
Net Nonoperating Expense Percent (NNEP)	-0.05%	-0.48%	-6.62%	-5.81%	1,328.71%	21.57%	-36.30%	-39.26%	-2.00%	-2.37%	-13.14%
Cost of Revenue to Revenue	21.31%	20.84%	34.38%	29.79%	27.55%	27.93%	27.16%	26.72%	25.03%	24.39%	22.59%
SG&A Expenses to Revenue	7.72%	10.43%	12.32%	5.10%	11.09%	10.28%	11.21%	10.70%	11.42%	11.32%	11.56%
R&D to Revenue	17.76%	16.59%	21.84%	10.01%	21.80%	22.37%	21.11%	21.55%	20.00%	19.26%	19.44%
Operating Expenses to Revenue	59.02%	57.83%	68.30%	-2.67%	72.86%	79.94%	70.87%	68.82%	69.28%	67.11%	95.47%
Earnings before Interest and Taxes (EBIT)	78	95	-27	60	-7.83	-72	18	33	51	74	-145
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	97	115	113	221	146	66	134	138	146	160	-70
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.80	4.15	0.93	1.43	1.11	1.06	0.90	1.03	1.15	1.00	0.82
Price to Tangible Book Value (P/TBV)	10.55	9.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.25
Price to Revenue (P/Rev)	3.92	3.98	2.37	1.50	2.33	2.40	1.96	2.49	2.77	2.22	1.87
Price to Earnings (P/E)	31.63	29.54	0.00	2.09	28.81	0.00	0.00	106.86	66.02	34.08	0.00
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	3.16%	3.39%	0.00%	47.81%	3.47%	0.00%	0.00%	0.94%	1.51%	2.93%	0.00%
Enterprise Value to Invested Capital (EV/IC)	7.01	9.03	0.93	1.46	1.10	1.06	0.91	1.03	1.18	1.00	0.78
Enterprise Value to Revenue (EV/Rev)	3.36	3.40	2.32	1.43	2.48	2.47	2.03	2.34	2.36	1.86	1.48
Enterprise Value to EBITDA (EV/EBITDA)	13.82	13.41	19.53	15.00	16.83	34.13	13.49	14.03	13.76	10.68	0.00
Enterprise Value to EBIT (EV/EBIT)	17.04	16.19	0.00	54.99	0.00	0.00	100.54	59.67	39.79	23.12	0.00
Enterprise Value to NOPAT (EV/NOPAT)	27.12	24.74	0.00	83.82	0.00	0.00	0.00	60.27	49.54	25.18	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.03	14.43	22.76	14.63	11.02	15.00	8.04	9.08	6.81	10.89	20.87
Enterprise Value to Free Cash Flow (EV/FCFF)	17.41	18.85	0.00	20.83	51.44	52.89	17.34	12.80	9.47	23.29	42.47
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.12	0.12	0.29	0.27	0.23	0.17	0.17	0.05	0.05
Long-Term Debt to Equity	0.00	0.00	0.12	0.12	0.29	0.27	0.23	0.17	0.17	0.05	0.05
Financial Leverage	-0.48	-0.57	-0.11	-0.04	0.00	0.05	0.03	-0.02	-0.12	-0.17	-0.17
Leverage Ratio	1.49	1.51	1.48	1.47	1.55	1.61	1.60	1.57	1.54	1.47	1.38
Compound Leverage Factor	1.48	1.51	1.79	1.27	3.69	2.07	0.17	1.08	1.31	1.36	1.37
Debt to Total Capital	0.00%	0.00%	10.94%	10.96%	22.48%	21.03%	18.84%	14.86%	14.52%	4.70%	5.02%
Short-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%
Long-Term Debt to Total Capital	0.00%	0.00%	10.94%	10.96%	22.48%	21.03%	18.84%	14.86%	14.52%	4.70%	5.02%
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	100.00%	100.00%	89.06%	89.04%	77.52%	78.97%	81.16%	85.14%	85.48%	95.30%	94.98%
Debt to EBITDA	0.00	0.00	2.65	1.36	4.12	8.35	3.36	2.53	2.39	0.63	-1.42
Net Debt to EBITDA	0.00	0.00	-0.46	-0.74	1.05	0.96	0.45	-0.91	-2.41	-2.05	4.60
Long-Term Debt to EBITDA	0.00	0.00	2.65	1.36	4.12	8.35	3.36	2.53	2.39	0.63	-1.42
Debt to NOPAT	0.00	0.00	-16.77	7.58	-211.22	-10.98	-17.82	10.86	8.60	1.48	-0.95
Net Debt to NOPAT	0.00	0.00	2.91	-4.16	-53.59	-1.26	-2.41	-3.93	-8.68	-4.84	3.09
Long-Term Debt to NOPAT	0.00	0.00	-16.77	7.58	-211.22	-10.98	-17.82	10.86	8.60	1.48	-0.95
Altman Z-Score	6.58	6.72	1.63	2.75	1.63	1.60	1.45	1.75	1.92	2.26	1.76
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	1.71	1.80	1.62	1.86	1.82	2.11	1.65	1.76	1.94	1.36	1.70
Quick Ratio	1.46	1.54	1.28	1.60	1.60	1.90	1.50	1.64	1.79	1.24	1.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	77	82	-2,238	159	48	42	104	152	213	73	29
Operating Cash Flow to CapEx	849.12%	834.89%	368.11%	728.75%	1,386.01%	636.90%	1,129.52%	1,784.76%	2,860.03%	1,493.75%	928.06%
Free Cash Flow to Firm to Interest Expense	99.81	105.86	-353.66	17.35	3.77	1.63	5.07	13.95	26.44	7.14	3.34
Operating Cash Flow to Interest Expense	144.46	138.34	15.36	24.69	17.61	5.73	10.93	19.66	36.78	15.29	6.80
Operating Cash Flow Less CapEx to Interest Expense	127.45	121.77	11.19	21.30	16.34	4.83	9.96	18.56	35.49	14.26	6.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.71	0.45	0.65	0.28	0.27	0.28	0.27	0.27	0.30	0.31
Accounts Receivable Turnover	5.90	6.36	5.80	8.58	3.89	4.06	3.97	4.04	4.95	6.26	4.94
Inventory Turnover	8.39	7.65	9.36	14.12	7.27	8.33	9.99	9.86	8.39	9.66	11.69
Fixed Asset Turnover	18.55	19.32	22.25	37.66	17.33	16.33	15.29	15.66	19.05	24.04	27.10
Accounts Payable Turnover	7.79	7.68	11.52	17.01	8.05	9.29	10.86	11.70	10.73	11.61	12.10
Days Sales Outstanding (DSO)	61.85	57.42	62.93	42.52	93.92	90.01	91.85	90.28	73.80	58.29	73.92
Days Inventory Outstanding (DIO)	43.50	47.69	38.98	25.84	50.19	43.84	36.54	37.01	43.48	37.77	31.21
Days Payable Outstanding (DPO)	46.86	47.51	31.70	21.45	45.33	39.29	33.60	31.20	34.02	31.44	30.17
Cash Conversion Cycle (CCC)	58.48	57.60	70.21	46.92	98.77	94.55	94.80	96.09	83.26	64.63	74.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	190	171	2,391	2,272	2,221	2,128	1,999	1,879	1,707	1,702	1,568
Invested Capital Turnover	1.94	2.51	0.75	1.00	0.44	0.42	0.43	0.43	0.48	0.54	0.51
Increase / (Decrease) in Invested Capital	-27	-19	2,220	-120	-50	-93	-130	-120	-172	-5.49	-134
Enterprise Value (EV)	1,334	1,543	2,212	3,319	2,452	2,248	1,809	1,942	2,015	1,705	1,227
Market Capitalization	1,553	1,807	2,264	3,483	2,299	2,185	1,748	2,068	2,368	2,033	1,551
Book Value per Share	$9.90	$10.57	$24.79	$26.54	$23.71	$26.54	$26.24	$27.31	$27.91	$28.60	$26.64
Tangible Book Value per Share	$3.56	$4.56	($3.25)	($2.32)	($5.45)	($4.10)	($5.01)	($3.05)	($1.30)	($0.86)	$1.13
Total Capital	409	436	2,743	2,736	2,669	2,615	2,388	2,356	2,410	2,130	1,992
Total Debt	0.00	0.00	300	300	600	550	450	350	350	100	100
Total Long-Term Debt	0.00	0.00	300	300	600	550	450	350	350	100	100
Net Debt	-219	-265	-52	-165	152	63	61	-126	-353	-328	-324
Capital Expenditures (CapEx)	13	13	26	31	16	24	20	12	10	10	6.34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-62	-57	-55	-48	-109	-65	-126	-165	-257	-255	-146
Debt-free Net Working Capital (DFNWC)	116	150	283	394	339	421	261	311	446	164	277
Net Working Capital (NWC)	116	150	283	394	339	421	261	311	446	164	277
Net Nonoperating Expense (NNE)	0.10	1.17	10	6.30	-83	23	-22	13	4.80	8.06	43
Net Nonoperating Obligations (NNO)	-219	-265	-52	-165	152	63	61	-126	-353	-328	-324
Total Depreciation and Amortization (D&A)	18	20	140	161	154	138	116	106	96	86	75
Debt-free, Cash-free Net Working Capital to Revenue	-15.51%	-12.48%	-5.79%	-2.09%	-11.01%	-7.11%	-14.10%	-19.88%	-30.09%	-27.91%	-17.57%
Debt-free Net Working Capital to Revenue	29.19%	32.99%	29.66%	16.96%	34.36%	46.30%	29.24%	37.44%	52.10%	17.91%	33.45%
Net Working Capital to Revenue	29.19%	32.99%	29.66%	16.96%	34.36%	46.30%	29.24%	37.44%	52.10%	17.91%	33.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.19	$1.49	($0.35)	$0.36	$0.91	($0.93)	($0.04)	$0.26	$0.48	$0.83	($2.07)
Adjusted Weighted Average Basic Shares Outstanding	41.37M	41.11M	81.93M	92.23M	87.43M	78.62M	75.16M	73.10M	74.02M	71.78M	71.47M
Adjusted Diluted Earnings per Share	$1.17	$1.47	($0.35)	$0.36	$0.90	($0.93)	($0.04)	$0.26	$0.48	$0.82	($2.07)
Adjusted Weighted Average Diluted Shares Outstanding	41.96M	41.64M	81.93M	92.92M	88.26M	78.62M	75.16M	73.82M	75.08M	73.05M	71.47M
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	41.06M	40.76M	93.76M	91.72M	80.27M	77.46M	144.44M	73.75M	74.12M	71.25M	71.42M
Normalized Net Operating Profit after Tax (NOPAT)	49	62	-18	42	0.81	-12	14	32	41	69	47
Normalized NOPAT Margin	12.41%	13.75%	-1.84%	1.81%	0.08%	-1.31%	1.59%	3.88%	4.75%	7.57%	5.69%
Pre Tax Income Margin	19.63%	20.93%	-3.40%	2.25%	-1.89%	-10.21%	0.22%	2.68%	5.01%	7.48%	-17.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	101.97	123.28	-4.23	6.57	-0.62	-2.75	0.87	2.99	6.29	7.20	-16.81
NOPAT to Interest Expense	64.07	80.67	-2.83	4.31	-0.22	-1.92	-1.23	2.96	5.05	6.61	-12.12
EBIT Less CapEx to Interest Expense	84.96	106.71	-8.41	3.18	-1.89	-3.65	-0.09	1.89	5.01	6.17	-17.55
NOPAT Less CapEx to Interest Expense	47.06	64.10	-7.00	0.92	-1.50	-2.82	-2.19	1.86	3.77	5.58	-12.86
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	69.89%	84.51%	-1,067.31%	240.29%	628.13%	-19.73%	-6,354.39%	16.92%	99.38%	251.54%	-33.84%

This table displays calculated financial ratios and metrics derived from NetScout Systems' official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.74%	7.63%	2.80%	8.84%	1.11%	-13.71%	-19.10%	-2.23%	-17.32%	-2.89%	15.57%
EBITDA Growth	-4.18%	16.36%	2.87%	34.90%	30.04%	15.70%	-234.78%	-171.85%	-2,741.60%	-37.83%	167.38%
EBIT Growth	19.09%	71.09%	8.16%	96.96%	37.86%	30.07%	-315.53%	-13,823.33%	-8,126.61%	-57.33%	143.01%
NOPAT Growth	14.44%	96.45%	16.40%	119.69%	48.56%	6.98%	-269.96%	-2,357.39%	-9,768.46%	-49.64%	155.78%
Net Income Growth	37.11%	120.15%	10.25%	61.68%	41.11%	23.47%	-351.96%	-906.49%	-10,456.57%	-57.94%	136.82%
EPS Growth	33.33%	118.18%	12.50%	66.67%	40.00%	20.83%	-359.72%	-975.00%	-10,233.33%	-55.17%	135.83%
Operating Cash Flow Growth	-152.05%	-56.48%	-50.23%	-27.57%	-78.64%	-360.20%	-69.85%	-16.99%	271.80%	85.86%	196.83%
Free Cash Flow Firm Growth	38.74%	24.28%	-21.71%	-96.01%	-109.77%	-113.18%	-80.96%	1,526.66%	2,789.78%	4,364.56%	2,554.10%
Invested Capital Growth	-6.82%	-5.48%	-2.99%	-0.32%	0.49%	2.07%	-6.44%	-7.86%	-36.82%	-37.33%	-30.24%
Revenue Q/Q Growth	9.22%	9.23%	18.18%	-22.80%	1.46%	-6.79%	10.81%	-6.71%	-14.19%	9.48%	31.87%
EBITDA Q/Q Growth	-19.93%	232.02%	98.13%	-74.39%	-22.82%	195.41%	-330.82%	86.66%	-2,737.86%	106.95%	150.15%
EBIT Q/Q Growth	-12.75%	334.52%	197.21%	-100.39%	-2,203.75%	590.85%	-592.48%	75.00%	-1,261.17%	102.55%	396.43%
NOPAT Q/Q Growth	-9.71%	400.50%	188.42%	-97.93%	-386.63%	724.94%	-558.22%	72.50%	-1,153.04%	103.19%	407.59%
Net Income Q/Q Growth	15.16%	343.73%	202.70%	-106.12%	-30.39%	611.00%	-717.73%	75.55%	-1,267.64%	102.04%	440.71%
EPS Q/Q Growth	16.67%	340.00%	200.00%	-105.56%	-50.00%	583.33%	-744.83%	77.01%	-1,341.86%	102.10%	415.38%
Operating Cash Flow Q/Q Growth	-108.05%	180.92%	357.09%	143.41%	-119.84%	-17.86%	152.97%	570.14%	-58.93%	-109.70%	1,211.56%
Free Cash Flow Firm Q/Q Growth	-27.59%	1.21%	-9.28%	-94.00%	-277.45%	-36.47%	231.04%	412.61%	193.42%	116.36%	-18.44%
Invested Capital Q/Q Growth	1.47%	2.21%	1.04%	-4.88%	2.29%	3.81%	-7.38%	-6.32%	-29.86%	2.97%	3.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.36%	74.73%	78.93%	75.52%	76.13%	78.12%	80.00%	75.26%	74.58%	77.99%	81.50%
EBITDA Margin	6.08%	18.47%	30.97%	10.27%	7.81%	24.77%	-51.59%	-7.55%	-249.67%	15.86%	30.08%
Operating Margin	-4.37%	9.38%	23.65%	0.79%	-2.22%	13.36%	-61.65%	-18.18%	-265.42%	7.39%	24.49%
EBIT Margin	-4.26%	9.15%	23.01%	-0.12%	-2.62%	13.79%	-61.29%	-16.43%	-260.56%	6.06%	22.81%
Profit (Net Income) Margin	-3.42%	7.62%	19.52%	-1.55%	-1.99%	10.91%	-60.80%	-15.94%	-253.99%	4.72%	19.37%
Tax Burden Percent	68.02%	89.70%	86.86%	304.73%	78.74%	78.12%	99.15%	98.44%	97.73%	73.24%	85.07%
Interest Burden Percent	117.85%	92.88%	97.69%	440.42%	96.47%	101.23%	100.05%	98.55%	99.75%	106.43%	99.80%
Effective Tax Rate	0.00%	10.30%	13.14%	0.00%	0.00%	21.88%	0.00%	0.00%	0.00%	26.76%	14.93%
Return on Invested Capital (ROIC)	-1.49%	4.11%	10.15%	0.30%	-0.82%	5.17%	-20.79%	-6.46%	-103.72%	2.90%	12.04%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.02%	5.35%	11.46%	1.58%	-0.43%	4.70%	-3.56%	-4.45%	-65.48%	3.37%	13.31%
Return on Net Nonoperating Assets (RNNOA)	0.08%	-0.40%	-1.19%	-0.26%	0.05%	-0.47%	0.41%	0.74%	11.77%	-0.54%	-2.27%
Return on Equity (ROE)	-1.41%	3.72%	8.96%	0.03%	-0.77%	4.69%	-20.39%	-5.72%	-91.95%	2.36%	9.77%
Cash Return on Invested Capital (CROIC)	9.52%	8.57%	6.42%	4.29%	3.53%	1.92%	2.16%	1.77%	15.14%	16.34%	14.71%
Operating Return on Assets (OROA)	-1.27%	2.79%	6.84%	-0.04%	-0.87%	4.42%	-18.61%	-5.03%	-85.79%	2.00%	7.86%
Return on Assets (ROA)	-1.02%	2.32%	5.80%	-0.47%	-0.66%	3.50%	-18.46%	-4.88%	-83.63%	1.56%	6.68%
Return on Common Equity (ROCE)	-1.41%	3.72%	8.96%	0.03%	-0.77%	4.69%	-20.39%	-5.72%	-91.95%	2.36%	9.77%
Return on Equity Simple (ROE_SIMPLE)	2.10%	2.56%	2.72%	0.00%	3.08%	3.27%	-6.23%	0.00%	-40.99%	-41.07%	-27.49%
Net Operating Profit after Tax (NOPAT)	-6.39	19	55	1.15	-3.29	21	-94	-26	-324	10	53
NOPAT Margin	-3.06%	8.42%	20.54%	0.55%	-1.56%	10.44%	-43.16%	-12.72%	-185.79%	5.41%	20.83%
Net Nonoperating Expense Percent (NNEP)	-0.47%	-1.24%	-1.31%	-1.28%	-0.39%	0.46%	-17.24%	-2.00%	-38.24%	-0.47%	-1.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-4.70%	-	-	-	3.29%
Cost of Revenue to Revenue	27.64%	25.27%	21.07%	24.48%	23.87%	21.88%	20.00%	24.74%	25.42%	22.01%	18.50%
SG&A Expenses to Revenue	11.87%	11.08%	9.47%	13.42%	13.36%	11.51%	10.60%	10.77%	14.65%	12.42%	9.32%
R&D to Revenue	20.81%	19.26%	15.79%	22.22%	21.56%	17.84%	16.98%	21.41%	24.33%	18.79%	14.98%
Operating Expenses to Revenue	76.73%	65.34%	55.28%	74.73%	78.35%	64.76%	141.65%	93.43%	340.00%	70.60%	57.02%
Earnings before Interest and Taxes (EBIT)	-8.90	21	62	-0.24	-5.53	27	-134	-33	-455	12	57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	42	83	21	16	49	-112	-15	-436	30	76
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.32	1.16	1.17	1.00	1.09	0.99	0.82	0.82	0.91	1.06	1.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	54.75	19.25	21.77	15.45	9.06
Price to Revenue (P/Rev)	2.87	2.51	2.62	2.22	2.41	2.28	1.87	1.87	1.65	1.97	1.89
Price to Earnings (P/E)	62.59	45.17	43.13	34.08	35.24	30.33	0.00	0.00	0.00	0.00	0.00
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	1.60%	2.21%	2.32%	2.93%	2.84%	3.30%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.35	1.17	1.19	1.00	1.10	0.99	0.79	0.78	0.89	1.08	1.03
Enterprise Value to Revenue (EV/Rev)	2.67	2.33	2.38	1.86	2.09	2.02	1.59	1.48	1.23	1.56	1.46
Enterprise Value to EBITDA (EV/EBITDA)	16.00	13.65	13.84	10.68	11.90	10.85	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	44.26	33.74	32.27	23.12	24.83	21.46	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	52.80	38.72	34.69	25.18	27.42	25.20	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.00	8.41	10.69	10.89	13.04	16.22	17.04	20.87	8.14	8.61	7.07
Enterprise Value to Free Cash Flow (EV/FCFF)	13.65	13.27	18.28	23.29	31.21	52.00	35.60	42.47	4.53	5.10	5.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.10	0.10	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Long-Term Debt to Equity	0.10	0.10	0.10	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Financial Leverage	-0.08	-0.07	-0.10	-0.17	-0.12	-0.10	-0.11	-0.17	-0.18	-0.16	-0.17
Leverage Ratio	1.50	1.48	1.49	1.47	1.41	1.39	1.41	1.38	1.39	1.36	1.39
Compound Leverage Factor	1.76	1.38	1.46	6.48	1.36	1.40	1.41	1.36	1.39	1.45	1.39
Debt to Total Capital	9.49%	9.36%	9.07%	4.70%	4.69%	4.67%	4.99%	5.02%	4.98%	4.89%	4.70%
Short-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%
Long-Term Debt to Total Capital	9.49%	9.36%	9.07%	4.70%	4.69%	4.67%	4.99%	5.02%	4.98%	4.89%	4.70%
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	90.51%	90.64%	90.93%	95.30%	95.31%	95.33%	95.01%	94.98%	95.02%	95.11%	95.30%
Debt to EBITDA	1.37	1.32	1.30	0.63	0.62	0.61	-2.96	-1.42	-0.14	-0.14	-0.21
Net Debt to EBITDA	-1.20	-1.10	-1.40	-2.05	-1.81	-1.41	6.82	4.60	0.64	0.60	1.00
Long-Term Debt to EBITDA	1.37	1.32	1.30	0.63	0.62	0.61	-2.96	-1.42	-0.14	-0.14	-0.21
Debt to NOPAT	4.52	3.74	3.25	1.48	1.43	1.41	-1.28	-0.95	-0.18	-0.17	-0.25
Net Debt to NOPAT	-3.95	-3.12	-3.52	-4.84	-4.16	-3.28	2.96	3.09	0.78	0.75	1.19
Long-Term Debt to NOPAT	4.52	3.74	3.25	1.48	1.43	1.41	-1.28	-0.95	-0.18	-0.17	-0.25
Altman Z-Score	2.22	2.15	2.28	2.17	2.53	2.54	1.81	1.90	0.90	1.98	2.02
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	1.36	1.46	1.55	1.36	1.43	1.51	1.59	1.70	1.54	1.68	1.81
Quick Ratio	1.17	1.26	1.42	1.24	1.29	1.34	1.44	1.56	1.40	1.50	1.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	120	122	111	6.63	-12	-16	21	108	317	685	559
Operating Cash Flow to CapEx	-568.88%	336.16%	1,462.79%	5,352.66%	-1,142.97%	-1,710.77%	1,118.01%	5,859.61%	3,030.60%	-422.79%	2,229.69%
Free Cash Flow to Firm to Interest Expense	64.60	54.36	37.94	2.05	-5.62	-7.39	9.53	49.58	162.76	380.31	210.88
Operating Cash Flow to Interest Expense	-6.72	4.52	15.89	34.92	-10.69	-12.13	6.32	43.00	19.76	-2.07	15.65
Operating Cash Flow Less CapEx to Interest Expense	-7.90	3.17	14.81	34.27	-11.62	-12.84	5.76	42.27	19.11	-2.56	14.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.30	0.31	0.30	0.30	0.33	0.32	0.30	0.31	0.33	0.33	0.34
Accounts Receivable Turnover	6.75	5.90	3.99	6.26	8.29	6.07	3.81	4.94	6.68	5.80	3.77
Inventory Turnover	9.96	8.98	10.96	9.66	10.45	10.07	11.07	11.69	10.85	11.17	12.33
Fixed Asset Turnover	20.03	21.26	22.35	24.04	24.94	25.53	25.45	27.10	27.29	29.22	32.84
Accounts Payable Turnover	11.82	11.43	12.97	11.61	12.60	10.86	12.30	12.10	11.96	12.24	12.72
Days Sales Outstanding (DSO)	54.09	61.91	91.43	58.29	44.03	60.12	95.70	73.92	54.68	62.88	96.94
Days Inventory Outstanding (DIO)	36.65	40.66	33.31	37.77	34.92	36.26	32.97	31.21	33.65	32.67	29.61
Days Payable Outstanding (DPO)	30.89	31.94	28.13	31.44	28.97	33.60	29.69	30.17	30.52	29.82	28.69
Cash Conversion Cycle (CCC)	59.86	70.63	96.60	64.63	49.98	62.78	98.99	74.96	57.80	65.73	97.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,732	1,771	1,789	1,702	1,741	1,807	1,674	1,568	1,100	1,133	1,168
Invested Capital Turnover	0.49	0.49	0.49	0.54	0.53	0.50	0.48	0.51	0.56	0.54	0.58
Increase / (Decrease) in Invested Capital	-127	-103	-55	-5.49	8.48	37	-115	-134	-641	-675	-506
Enterprise Value (EV)	2,334	2,072	2,133	1,705	1,915	1,789	1,328	1,227	974	1,224	1,200
Market Capitalization	2,509	2,239	2,349	2,033	2,205	2,022	1,558	1,551	1,306	1,551	1,553
Book Value per Share	$25.73	$27.11	$27.75	$28.60	$28.51	$28.27	$26.82	$26.64	$20.05	$20.46	$21.20
Tangible Book Value per Share	($3.16)	($2.65)	($1.42)	($0.86)	($0.63)	($0.26)	$0.40	$1.13	$0.84	$1.41	$2.39
Total Capital	2,107	2,138	2,205	2,130	2,131	2,140	2,004	1,992	1,507	1,534	1,596
Total Debt	200	200	200	100	100	100	100	100	75	75	75
Total Long-Term Debt	200	200	200	100	100	100	100	100	75	75	75
Net Debt	-175	-167	-216	-328	-290	-233	-230	-324	-332	-327	-353
Capital Expenditures (CapEx)	2.20	3.01	3.17	2.11	1.96	1.54	1.25	1.60	1.27	0.88	1.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-226	-181	-167	-255	-218	-147	-102	-146	-199	-164	-117
Debt-free Net Working Capital (DFNWC)	148	186	242	164	166	181	227	277	207	237	310
Net Working Capital (NWC)	148	186	242	164	166	181	227	277	207	237	310
Net Nonoperating Expense (NNE)	0.74	1.82	2.76	4.37	0.91	-0.92	38	6.54	119	1.32	3.69
Net Nonoperating Obligations (NNO)	-175	-167	-216	-328	-290	-233	-230	-324	-332	-327	-353
Total Depreciation and Amortization (D&A)	22	21	21	22	22	22	21	18	19	19	18
Debt-free, Cash-free Net Working Capital to Revenue	-25.91%	-20.32%	-18.65%	-27.91%	-23.79%	-16.62%	-12.23%	-17.57%	-25.14%	-20.87%	-14.19%
Debt-free Net Working Capital to Revenue	16.95%	20.91%	26.95%	17.91%	18.16%	20.48%	27.22%	33.45%	26.09%	30.06%	37.80%
Net Working Capital to Revenue	16.95%	20.91%	26.95%	17.91%	18.16%	20.48%	27.22%	33.45%	26.09%	30.06%	37.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.10)	$0.24	$0.73	($0.04)	($0.06)	$0.30	($1.87)	($0.44)	($6.20)	$0.13	$0.68
Adjusted Weighted Average Basic Shares Outstanding	72.45M	71.86M	71.74M	71.78M	71.54M	72.11M	71.08M	71.47M	71.47M	71.45M	71.74M
Adjusted Diluted Earnings per Share	($0.10)	$0.24	$0.72	($0.04)	($0.06)	$0.29	($1.87)	($0.43)	($6.20)	$0.13	$0.67
Adjusted Weighted Average Diluted Shares Outstanding	72.45M	72.89M	73.05M	73.05M	71.54M	72.80M	71.08M	71.47M	71.47M	71.84M	72.57M
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	71.48M	72.25M	70.96M	71.25M	72.15M	71.00M	71.04M	71.42M	71.32M	71.72M	71.75M
Normalized Net Operating Profit after Tax (NOPAT)	-5.15	19	55	1.13	-3.29	21	23	-26	-14	12	53
Normalized NOPAT Margin	-2.46%	8.39%	20.57%	0.54%	-1.56%	10.44%	10.48%	-12.72%	-7.94%	6.34%	21.14%
Pre Tax Income Margin	-5.02%	8.50%	22.47%	-0.51%	-2.53%	13.96%	-61.32%	-16.19%	-259.90%	6.45%	22.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-4.77	9.31	21.28	-0.07	-2.64	12.48	-60.53	-15.36	-233.86	6.43	21.70
NOPAT to Interest Expense	-3.43	8.56	19.00	0.36	-1.57	9.45	-42.62	-11.89	-166.75	5.74	19.82
EBIT Less CapEx to Interest Expense	-5.95	7.96	20.19	-0.73	-3.58	11.77	-61.10	-16.09	-234.51	5.94	21.00
NOPAT Less CapEx to Interest Expense	-4.61	7.22	17.92	-0.30	-2.51	8.74	-43.19	-12.63	-167.40	5.25	19.12
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	463.27%	325.36%	275.49%	251.54%	0.00%	46.71%	-42.18%	-33.84%	-12.78%	-7.36%	-6.04%

Frequently Asked Questions About NetScout Systems' Financials

When does NetScout Systems's financial year end?

According to the most recent income statement we have on file, NetScout Systems' fiscal year ends in March. Their fiscal year 2024 ended on March 31, 2024.

How has NetScout Systems' net income changed over the last 10 years?

NetScout Systems' net income appears to be on a downward trend, with a most recent value of -$147.73 million in 2024, falling from $49.11 million in 2014. The previous period was $59.65 million in 2023.

What is NetScout Systems's operating income?

NetScout Systems's total operating income in 2024 was -$149.83 million, based on the following breakdown:

Total Gross Profit: $642.04 million
Total Operating Expenses: $791.87 million

How has NetScout Systems revenue changed over the last 10 years?

Over the last 10 years, NetScout Systems' total revenue changed from $396.65 million in 2014 to $829.46 million in 2024, a change of 109.1%.

How much debt does NetScout Systems have?

NetScout Systems' total liabilities were at $703.24 million at the end of 2024, a 11.1% decrease from 2023, and a 254.1% increase since 2014.

How much cash does NetScout Systems have?

In the past 10 years, NetScout Systems' cash and equivalents has ranged from $102.08 million in 2014 to $636.16 million in 2022, and is currently $389.67 million as of their latest financial filing in 2024.

How has NetScout Systems' book value per share changed over the last 10 years?

Over the last 10 years, NetScout Systems' book value per share changed from 9.90 in 2014 to 26.64 in 2024, a change of 169.0%.

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This page (NASDAQ:NTCT) was last updated on 4/16/2025 by MarketBeat.com Staff

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NetScout Systems (NTCT) Financials

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NetScout Systems (NTCT) Financials

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