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 declined 11.0% per year over the past 5 years.
Operating margin has contracted, at -4.9% in the latest year.
Financial health
The company is unprofitable; at its current free-cash-flow burn it has roughly 11.1 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
2025
$700M
-$18M
38.0%
-4.9%
-$19M
—
$210M
2024
$674M
$12M
29.1%
1.8%
$156M
—
$286M
2023
$741M
-$105M
33.6%
-4.5%
$51M
—
$177M
2022
$932M
-$69M
26.9%
-8.9%
-$19M
—
$147M
2021
$1.2B
$49M
31.3%
5.7%
-$14M
—
$264M
2020
$1.3B
$58M
29.6%
6.0%
$171M
—
$346M
2019
$999M
$26M
29.5%
2.6%
-$705000
—
$190M
2018
$1.1B
-$9M
32.3%
3.7%
-$115M
—
$201M
2017
$1.0B
$19M
29.6%
4.1%
$77M
—
$203M
2016
$1.1B
$76M
32.7%
9.2%
$108M
—
$240M
2015
—
$49M
—
—
$97M
—
$182M
2014
—
$9M
—
—
$90M
—
$141M
2013
—
$55M
—
—
$69M
—
$143M
2012
—
$87M
—
—
$40M
—
$149M
2011
—
$91M
—
—
$88M
—
$209M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$159M
-$13M
40.5%
-8.6%
-$2M
—
$183M
Dec '25
$182M
-$684000
40.4%
-2.6%
$14M
—
$210M
Sep '25
$185M
-$5M
39.1%
-3.8%
-$17M
—
$203M
Jun '25
$171M
-$6M
37.5%
-5.6%
-$5M
—
$241M
Mar '25
$162M
-$6M
34.8%
-7.9%
-$10M
—
$270M
Dec '24
$182M
-$9M
32.6%
-8.3%
$19M
—
$286M
Sep '24
$183M
$85M
30.9%
52.4%
$106M
—
$274M
Jun '24
$144M
-$45M
22.1%
-32.6%
$16M
—
$177M
Mar '24
$165M
-$19M
29.3%
-13.2%
$15M
—
$173M
Dec '23
$189M
-$2M
34.8%
-1.5%
$54M
—
$177M
Oct '23
$198M
-$85M
34.8%
-0.3%
$24M
—
$131M
Jul '23
$173M
-$9M
31.3%
-10.3%
-$35M
—
$106M
Apr '23
$181M
-$10M
33.4%
-6.6%
$8M
—
$143M
Dec '22
$249M
-$6M
24.8%
-4.9%
-$7M
—
$147M
Oct '22
$250M
$3M
27.5%
-0.9%
-$17M
—
$133M
Jul '22
$223M
-$9M
27.5%
-4.5%
$4M
—
$149M
Apr '22
$211M
-$57M
28.0%
-27.8%
$337000
—
$207M
Dec '21
$251M
-$991000
29.7%
0.3%
$973000
—
$264M
Oct '21
$290M
$10M
29.9%
4.5%
-$19M
—
$283M
Jun '21
$309M
$18M
30.2%
7.0%
-$8M
—
$329M
Valuation over time
How the market has priced NTGR 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 fallen from 62.3× (Dec '24) to 59.0× (Nov '25).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 0.9× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is NTGR growing its revenue and profit?
Over the past 5 years, Netgear, Inc.'s revenue has declined 11.0% per year. These are computed facts, not advice.
How much debt does NTGR have?
As of FY2025, Netgear, Inc. reported — of total debt against $210M of cash.
What is NTGR's profit margin?
In FY2025, gross margin was 38.0%, operating margin -4.9%, and net margin -2.6%.
What is NTGR's P/E ratio?
As of Jun '26, Netgear, Inc. traded at a price-to-earnings ratio of about 59.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.