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NTGR Financials Netgear, Inc.

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
-$105M $575M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-14% 12% 38% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-20% -3% 14% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$115M $28M $171M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $173M $346M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$130M $25M $181M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $700M -$18M 38.0% -4.9% -3.6% -2.2% -$19M $210M
2024 $674M $12M 29.1% 1.8% 2.2% 1.4% $156M $286M
2023 $741M -$105M 33.6% -4.5% -19.6% -12.4% $51M $177M
2022 $932M -$69M 26.9% -8.9% -11.1% -6.8% -$19M $147M
2021 $1.2B $49M 31.3% 5.7% 7.0% 4.5% -$14M $264M
2020 $1.3B $58M 29.6% 6.0% 8.5% 5.3% $171M $346M
2019 $999M $26M 29.5% 2.6% 4.2% 2.7% -$705000 $190M
2018 $1.1B -$9M 32.3% 3.7% -1.5% -0.9% -$115M $201M
2017 $1.0B $19M 29.6% 4.1% 2.7% 1.6% $77M $203M
2016 $1.1B $76M 32.7% 9.2% 9.5% 6.4% $108M $240M
2015 $49M 6.9% 4.6% $97M $182M
2014 $9M 1.2% 0.8% $90M $141M
2013 $55M 7.1% 5.0% $69M $143M
2012 $87M 11.5% 8.4% $40M $149M
2011 $91M 14.3% 9.4% $88M $209M

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.

Price / earnings (P/E)
0.0 39.3 78.6 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.7 1.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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 Sep '26, Netgear, Inc. traded at a price-to-earnings ratio of about 59.8× (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.