TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

FFIV stock analysis: F5 Inc

F5 Inc (FFIV) is an S&P 500 company in Communications Equipment. It grades weakest on growth.

The model's view of FFIV · subscribers

Where FFIV ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with FFIV · updated 2026-10-05 · from prices and SEC filings

FFIV price performance

FFIV against the S&P 500, one year
-25%+0%+25%FFIV +42%S&P 500 +18%2025-09-292026-10-05
Year to date+79.6%S&P 500 +14.5% · ahead by 65.1 pts
1 year+41.1%S&P 500 +17.0% · ahead by 24.1 pts
3 years+194.7%S&P 500 +89.3% · ahead by 105.5 pts
5 years+130.1%S&P 500 +91.3% · ahead by 38.8 pts

Total returns with dividends reinvested.

FFIV factor grades

Each grade compares FFIV with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueP/E 36.5x (industry 36.2x)FCF yield 3.7% (industry 2.9%)
D+GrowthRevenue growth +9% (industry +12%)EPS growth +11% (industry +11%)
BProfitabilityOperating margin 24.5% (industry 24.3%)ROIC 30.7% (industry 17.5%)
BMomentum12-month change +41%From 52-wk high 0%

FFIV key statistics

SectorInformation Technology
IndustryCommunications Equipment
IndexS&P 500
Market value$26.0B
Revenue growth (y/y)+9%
Free-cash-flow yield3.7%
Dividend yieldn/a
Next earnings (expected)2026-10-26
Valuation measures
Market value$26.0B
Enterprise value$24.4B
P/E (trailing)36.5x
Forward P/E (Torvanta estimate)32.7x
PEG (Torvanta estimate)2.77
Price / sales7.8x
Price / book6.7x
EV / revenue7.4x
EV / EBITDA26.8x
Financial highlights
Revenue, last 12 months$3.3B
Net income, last 12 months$726.5M
EPS, last 12 months (GAAP)$12.56
Gross margin81.9%
Operating margin24.5%
Net margin22.0%
Return on equity19.8%
Return on invested capital30.7%
Cash$1.6B
Free cash flow, last 12 months$1.0B
Current ratio1.66x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

FFIV earnings trends

Revenue vs earnings
$0$216.3M$432.5M$648.8M$865.1MSep 2024 Revenue: $746.7MDec 2024 Revenue: $766.5MMar 2025 Revenue: $731.1MJun 2025 Revenue: $780.4MSep 2025 Revenue: $810.1MDec 2025 Revenue: $822.5MMar 2026 Revenue: $811.7MJun 2026 Revenue: $865.1MSep 2024 Net income: $165.3MDec 2024 Net income: $166.4MMar 2025 Net income: $145.5MJun 2025 Net income: $189.9MSep 2025 Net income: $190.5MDec 2025 Net income: $180.1MMar 2026 Net income: $147.8MJun 2026 Net income: $208.2MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 22.1%Net margin: 21.7%Net margin: 19.9%Net margin: 24.3%Net margin: 23.5%Net margin: 21.9%Net margin: 18.2%Net margin: 24.1%0%12%24%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.9$1.8$2.7$3.6Sep 2024 EPS (GAAP, diluted): $2.8Dec 2024 EPS (GAAP, diluted): $2.8Mar 2025 EPS (GAAP, diluted): $2.5Jun 2025 EPS (GAAP, diluted): $3.3Sep 2025 EPS (GAAP, diluted): $3.3Dec 2025 EPS (GAAP, diluted): $3.1Mar 2026 EPS (GAAP, diluted): $2.6Jun 2026 EPS (GAAP, diluted): $3.6Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +16% · Dec 2025 +10% · Mar 2026 +4% · Jun 2026 +11%

From the company's 10-Q and 10-K filings with the SEC.

F5 Inc financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$2.6B$2.7B$2.8B$2.8B$3.1B
Net income$331.2M$322.2M$394.9M$566.8M$692.4M
EPS (GAAP)$5.36$5.27$6.55$9.56$11.81
Free cash flow$614.5M$409.0M$599.2M$762.0M$906.4M

FFIV earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-27$3.62+11%+11%+2.6%
2026-04-28$2.58+4%+11%+10.7%
2026-01-27$3.10+10%+7%+8.9%
2025-10-27$3.26+16%+8%-11.8%
2025-07-30$3.25+33%+12%+5.2%
2025-04-28$2.48+24%+7%-3.4%

About F5 Inc

HeadquartersSeattle, WA
Industry (SEC code)Computer Communications Equipment
Fiscal year endsSeptember 30
Incorporated inWA
Listed onNasdaq
FormerlyF5 NETWORKS, INC., F5 NETWORKS INC

From the company's SEC registration record.

Companies similar to FFIV

CompanyMarket valueP/ERevenue growthOperating margin12-month change
FFIV F5 Inc$26.0B36.5x+9%24.5%+41%
CIEN Ciena$55.3B87.0x+33%12.3%+157%compare
MSI Motorola Solutions$75.4B35.9x+10%24.9%+2%compare
LITE Lumentum$81.4Bn/a+83%17.4%+566%compare
CSCO Cisco$444.8B33.8x+12%24.3%+69%

All Information Technology stock ratings

Frequently asked questions

Is FFIV stock a buy?

Torvanta does not tell individuals what to buy. Its grades for FFIV are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is FFIV's P/E ratio?

FFIV trades at about 36.5 times its last 12 months of GAAP earnings reported to the SEC, and about 32.7 times Torvanta's own estimate of the next 12 months.

When does FFIV report earnings next?

Based on its filing history, Torvanta expects F5 Inc to report around 2026-10-26.

How has FFIV performed against the S&P 500?

Over the past year FFIV returned +41.1%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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