15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.6% per year over the past 5 years.
Net income has grown faster than revenue (17.6% vs 5.6% per year).
Operating margin has expanded, at 24.8% in the latest year.
Free cash flow has grown 8.6% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$3.1B
$692M
81.4%
24.8%
19.3%
11.0%
$906M
—
$1.3B
2024
$2.8B
$567M
80.2%
23.4%
18.1%
10.1%
$762M
—
$1.1B
2023
$2.8B
$395M
78.9%
16.8%
14.1%
7.5%
$599M
—
$797M
2022
$2.7B
$322M
80.0%
15.0%
13.0%
6.1%
$409M
$350M
$758M
2021
$2.6B
$331M
81.1%
15.1%
14.0%
6.6%
$615M
$369M
$581M
2020
$2.4B
$307M
82.6%
16.7%
13.8%
6.6%
$601M
$388M
$850M
2019
$2.2B
$428M
84.1%
23.1%
24.3%
12.6%
$644M
$0
$599M
2018
$2.2B
$454M
83.3%
27.3%
35.3%
17.4%
$708M
—
$425M
2017
$2.1B
$421M
83.1%
27.0%
34.2%
17.0%
$702M
—
$673M
2016
—
$366M
—
—
30.9%
15.9%
$648M
—
$515M
2015
—
$365M
—
—
27.7%
15.8%
$624M
—
$390M
2014
—
$311M
—
—
22.7%
14.2%
$526M
—
$282M
2013
—
$277M
—
—
18.0%
12.4%
$473M
—
$190M
2012
—
$275M
—
—
20.7%
14.4%
$466M
—
$211M
2011
—
$241M
—
—
21.8%
15.4%
$386M
—
$217M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$865M
$208M
82.2%
24.7%
5.4%
3.0%
$281M
—
$1.6B
Mar '26
$812M
$148M
81.4%
22.1%
4.0%
2.3%
$348M
—
$1.4B
Dec '25
$822M
$180M
81.5%
26.0%
5.1%
2.9%
$149M
—
$1.2B
Sep '25
$810M
$190M
82.2%
25.4%
5.3%
3.0%
$192M
—
$1.3B
Jun '25
$780M
$190M
81.0%
25.2%
5.5%
3.1%
$274M
—
$1.4B
Mar '25
$731M
$146M
80.7%
21.7%
4.4%
2.5%
$246M
—
$1.3B
Dec '24
$766M
$166M
81.7%
26.8%
5.1%
2.8%
$195M
—
$1.2B
Sep '24
$747M
$165M
80.8%
25.6%
5.3%
2.9%
$240M
—
$1.1B
Jun '24
$695M
$144M
80.4%
23.4%
4.8%
2.7%
$153M
—
$935M
Mar '24
$681M
$119M
79.3%
20.5%
4.1%
2.2%
$212M
—
$903M
Dec '23
$693M
$138M
80.3%
23.8%
4.8%
2.6%
$156M
—
$823M
Sep '23
$707M
$152M
80.1%
24.3%
5.4%
2.9%
$174M
—
$797M
Jun '23
$703M
$89M
79.8%
14.7%
3.3%
1.7%
$150M
—
$677M
Mar '23
$703M
$81M
77.9%
15.1%
3.0%
1.6%
$130M
—
$735M
Dec '22
$700M
$72M
77.9%
13.0%
2.8%
1.4%
$145M
—
$606M
Sep '22
$700M
$89M
78.9%
15.4%
3.6%
1.7%
$146M
$350M
$758M
Jun '22
$674M
$83M
80.6%
15.9%
3.6%
1.7%
$62M
$355M
$542M
Mar '22
$634M
$56M
80.1%
11.8%
2.3%
1.1%
$121M
$359M
$587M
Dec '21
$687M
$94M
80.3%
16.6%
3.9%
1.8%
$80M
$364M
$512M
Sep '21
$682M
$111M
81.1%
18.5%
4.7%
2.2%
$190M
$369M
$581M
Valuation over time
How the market has priced FFIV against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 25.6× (Mar '23) to 26.5× (Nov '26).
The price-to-sales ratio has risen from 3.1× (Mar '23) to 6.0× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is FFIV growing its revenue and profit?
Over the past 5 years, F5, Inc.'s revenue has grown 5.6% per year, and net income grown 17.6% per year. These are computed facts, not advice.
How much debt does FFIV have?
As of FY2025, F5, Inc. reported — of total debt against $1.3B of cash.
What is FFIV's profit margin?
In FY2025, gross margin was 81.4%, operating margin 24.8%, and net margin 22.4%.
What is FFIV's P/E ratio?
F5, Inc.'s P/E (TTM) is 25.30 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FFIV stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 26.5× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.