F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation.
It is a $27.2B technology company. Revenue grew 9.4% over the last year, it keeps 22¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 37.4× earnings — near the highest of its own history.
- Website
- f5.com
- Location
- Seattle, WA
- Employees
- 6 578
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability, health, quality and moat; Valuation lags behind.
Valuation29
- P/E vs own history91th pct · 0/25
- FCF yield3.6% · 12/25
- P/S8.2x · 12/25
- EV/EBITDA27.9x · 5/25
Growth76
- Revenue CAGR4.4% · 6/25
- Net income CAGR20.2% · 25/25
- EPS CAGR ~5Y18.7% · 20/25
- Fwd implied growth48.9% · 25/25
Profitability85
- ROIC20.6% · 20/25
- ROE19.9% · 20/25
- Net margin22.0% · 25/25
- Operating margin24.7% · 20/25
Health93
- Altman Z7.15 · 25/25
- Current ratio1.66 · 18/25
- Interest coverage55.5x · 25/25
- Net cash / debtNet cash · 25/25
Quality95
- Piotroski F8/9 · 25/25
- Beneish M-2.52 · 25/25
- FCF conversion133% · 25/25
- Margin stabilityσ 5.1% · 20/25
Moat100
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin82.0% · 25/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 12.0% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$692M net income
- FY2024FinancialBecame debt-freecash now exceeds total debt
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$2.00B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (81.9%)
- Strongly profitable — 22.0% net margin
- Strong cash conversion — FCF is 29.3% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 55.5× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+9.4% YoY
- Profitable — makes more than it spends$727M TTM
- Profit growing — earnings are higher than last year+30.8% YoY
- Generates cash — cash left after running and investing$970M TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$27.2B market cap
- Not printing shares — share count not ballooning — you keep your slice-4.4% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 7.2 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 37.4
Peer comparisonF5, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| FFIV this company | $27.2B | 37.4 | +9.4% | 22.0% | Strong |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: FFIV vs NVDA · FFIV vs AAPL · FFIV vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/FFIV
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of FFIV on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $479.83 · market cap $27.2B.