Symbols / FFIV Stock $323.90 -1.30% F5, Inc.

Technology • Software - Infrastructure • United States • NMS
FFIV (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Infrastructure
CEO Mr. Francois Locoh-Donou
Exch · Country NMS · United States
Market Cap 18.38B
Enterprise Value 16.24B
Income 705.99M
Sales 3.14B
FCF (ttm) 681.56M
Book/sh 62.20
Cash/sh 21.23
Employees 6,512
Insider 10d —
IPO Jun 04, 1999
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 26.57
Forward P/E 18.53
PEG 2.01
P/S 5.85
P/B 5.21
P/C —
EV/EBITDA 18.38
EV/Sales 5.17
Quick Ratio 1.36
Current Ratio 1.55
Debt/Eq 7.57
LT Debt/Eq —
EPS (ttm) 12.19
EPS next Y 17.48
EPS Growth 9.90%
Revenue Growth 7.30%
EPS Gr Q/Q 8.20%
Rev Gr Q/Q —
Earnings (next) 2026-04-28
Earnings (prior) 2026-04-28
ROA 8.09%
ROE 20.84%
ROIC —
Gross Margin 81.39%
Oper. Margin 26.04%
Profit Margin 22.45%
Shs Outstand 56.75M
Shs Float 55.90M
Insider Own 0.52%
Instit Own 109.47%
Short Float 4.08%
Short Ratio 2.26
Short Interest 1.74M
52W High 346.00
vs 52W High -6.39%
52W Low 223.76
vs 52W Low 44.75%
Beta 0.93
Impl. Vol. 35.41%
Rel Volume 1.03
Avg Volume 747.98K
Volume 769.42K
Target (mean) $337.40
Tgt Median $348.00
Tgt Low $250.00
Tgt High $375.00
# Analysts 10
Recom Hold
Prev Close $328.15
Price $323.90
Change -1.30%
About

F5, Inc. provides multicloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud. It also offers unified, security, networking, and application management solutions, such as web app and API protection; multi-cloud networking; application delivery and deployment; domain name system; content delivery network; and application deployment and orchestration. In addition, the company provides application security and delivery products, including NGINX Plus; NGINX One Console; NGINX Ingress Controller; WAF for NGINX; BIG-IP Packaged Software; and BIG-IP Systems. Further, it provides a range of professional services, including maintenance, consulting, training, and other technical support services. The company sells its products to large enterprise businesses, public sector institutions, governments, and service providers through distributors, value-added resellers, managed service providers, systems integrators, and other indirect channel partners. It has partnerships with public cloud providers, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The company was formerly known as F5 Networks, Inc. and changed its name to F5, Inc. in November 2021. F5, Inc. was incorporated in 1996 and is headquartered in Seattle, Washington.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$337.40
Mean price target
2. Current target
$323.90
Latest analyst target
3. DCF / Fair value
$216.17
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$323.90
Low
$250.00
High
$375.00
Mean
$337.40

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-29 main JP Morgan Overweight → Overweight $365
2026-04-29 main RBC Capital Outperform → Outperform $375
2026-04-29 main Barclays Equal-Weight → Equal-Weight $292
2026-04-29 reit Needham Hold → Hold —
2026-04-16 main JP Morgan Overweight → Overweight $355
2026-01-28 main Goldman Sachs Neutral → Neutral $320
2026-01-28 main RBC Capital Outperform → Outperform $345
2026-01-28 main Barclays Equal-Weight → Equal-Weight $283
2026-01-28 reit Piper Sandler Overweight → Overweight $325
2026-01-28 reit Needham Hold → Hold —
2026-01-15 up JP Morgan Neutral → Overweight $345
2026-01-05 up RBC Capital Sector Perform → Outperform $325
2026-01-05 up Piper Sandler Neutral → Overweight $295
2025-12-17 main Morgan Stanley Equal-Weight → Equal-Weight $296
2025-10-28 main Evercore ISI Group In-Line → In-Line $280
2025-10-28 main Barclays Equal-Weight → Equal-Weight $267
2025-10-28 main RBC Capital Sector Perform → Sector Perform $315
2025-10-28 main B of A Securities Underperform → Underperform $250
2025-10-28 main JP Morgan Neutral → Neutral $295
2025-10-28 main Piper Sandler Neutral → Neutral $277
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-25 WERNER EDWARD COOPER Chief Financial Officer — 1,000 $300.00 $300,000
2026-03-25 LOCOH DONOU FRANCOIS Chief Executive Officer — 3,334 $300.00 $1,000,200
2026-03-11 HIGGINSON ALAN JOHN Director — 934 — —
2026-03-11 MONTOYA MICHAEL F Chief Technology Officer — 934 — —
2026-03-11 GONZALEZ JULIE MARIE Director — 934 — —
2026-03-11 BUDNIK MARIANNE Director — 934 — —
2026-03-11 DREYER MICHAEL L Director — 934 — —
2026-03-11 MCREYNOLDS MAYA Director — 934 — —
2026-03-11 COMBES MICHEL Director — 934 — —
2026-03-11 BUSE ELIZABETH Director — 934 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
3,088.07
+9.66%
2,816.12
+0.10%
2,813.17
+4.35%
2,695.84
Operating Revenue
3,088.07
+9.66%
2,816.12
+0.10%
2,813.17
+4.35%
2,695.84
Cost Of Revenue
573.98
+2.93%
557.65
-6.01%
593.31
+9.95%
539.63
Reconciled Cost Of Revenue
573.98
+2.93%
557.65
-6.01%
593.31
+9.95%
539.63
Gross Profit
2,514.09
+11.32%
2,258.47
+1.74%
2,219.86
+2.95%
2,156.22
Operating Expense
1,722.66
+8.26%
1,591.23
-5.39%
1,681.90
-3.59%
1,744.52
Research And Development
539.82
+10.14%
490.12
-9.28%
540.28
-0.57%
543.37
Selling General And Administration
1,182.85
+7.42%
1,101.11
-3.55%
1,141.62
-4.96%
1,201.15
Selling And Marketing Expense
860.51
+3.39%
832.28
-5.23%
878.22
-5.22%
926.59
General And Administrative Expense
322.34
+19.91%
268.83
+2.06%
263.40
-4.06%
274.56
Other Gand A
322.34
+19.91%
268.83
+2.06%
263.40
-4.06%
274.56
Total Expenses
2,296.64
+6.88%
2,148.87
-5.55%
2,275.21
-0.39%
2,284.14
Operating Income
791.43
+18.61%
667.25
+24.03%
537.96
+30.67%
411.70
Total Operating Income As Reported
765.95
+16.30%
658.59
+39.36%
472.57
+17.03%
403.79
EBITDA
883.83
+14.16%
774.24
+18.99%
650.66
+23.39%
527.31
Normalized EBITDA
909.32
+16.15%
782.89
+9.34%
716.05
+33.79%
535.22
Reconciled Depreciation
92.40
-13.64%
106.99
-5.07%
112.70
-2.51%
115.61
EBIT
791.43
+18.61%
667.25
+24.03%
537.96
+30.67%
411.70
Total Unusual Items
-25.48
-194.44%
-8.65
+86.76%
-65.39
-726.75%
-7.91
Total Unusual Items Excluding Goodwill
-25.48
-194.44%
-8.65
+86.76%
-65.39
-726.75%
-7.91
Special Income Charges
-25.48
-194.44%
-8.65
+86.76%
-65.39
-726.75%
-7.91
Restructuring And Mergern Acquisition
25.48
+194.44%
8.65
-86.76%
65.39
+726.75%
7.91
Net Income
692.38
+22.16%
566.78
+43.51%
394.95
+22.59%
322.16
Pretax Income
808.34
+16.23%
695.47
+43.10%
485.99
+26.10%
385.39
Other Income Expense
16.90
-40.10%
28.22
+154.30%
-51.97
-97.54%
-26.31
Other Non Operating Income Expenses
42.39
+14.95%
36.87
+174.77%
13.42
+172.94%
-18.40
Tax Provision
115.96
-9.89%
128.69
+41.35%
91.04
+43.98%
63.23
Tax Rate For Calcs
0.00
-22.70%
0.00
-1.07%
0.00
+14.02%
0.00
Tax Effect Of Unusual Items
-3.64
-127.60%
-1.60
+86.91%
-12.23
-842.70%
-1.30
Net Income Including Noncontrolling Interests
692.38
+22.16%
566.78
+43.51%
394.95
+22.59%
322.16
Net Income From Continuing Operation Net Minority Interest
692.38
+22.16%
566.78
+43.51%
394.95
+22.59%
322.16
Net Income From Continuing And Discontinued Operation
692.38
+22.16%
566.78
+43.51%
394.95
+22.59%
322.16
Net Income Continuous Operations
692.38
+22.16%
566.78
+43.51%
394.95
+22.59%
322.16
Normalized Income
714.22
+24.47%
573.83
+28.06%
448.11
+36.30%
328.77
Net Income Common Stockholders
692.38
+22.16%
566.78
+43.51%
394.95
+22.59%
322.16
Diluted EPS
11.80
+23.56%
9.55
+45.80%
6.55
+24.29%
5.27
Basic EPS
11.96
+23.94%
9.65
+46.43%
6.59
+23.41%
5.34
Basic Average Shares
57.90
-1.39%
58.72
-1.98%
59.91
-0.61%
60.27
Diluted Average Shares
58.68
-1.14%
59.36
-1.51%
60.27
-1.35%
61.10
Diluted NI Availto Com Stockholders
692.38
+22.16%
566.78
+43.51%
394.95
+22.59%
322.16
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Assets
6,319.49
+12.59%
5,613.00
+6.95%
5,248.33
-0.53%
5,276.19
Current Assets
2,518.70
+19.40%
2,109.47
+14.10%
1,848.77
-3.32%
1,912.22
Cash Cash Equivalents And Short Term Investments
1,344.27
+25.09%
1,074.60
+33.77%
803.32
-9.18%
884.57
Cash And Cash Equivalents
1,344.27
+25.09%
1,074.60
+34.80%
797.16
+5.16%
758.01
Other Short Term Investments
—
0.00
-100.00%
6.16
-95.13%
126.55
Receivables
912.72
+15.52%
790.13
-4.68%
828.95
+4.97%
789.69
Accounts Receivable
414.43
+6.53%
389.02
-14.47%
454.83
-3.22%
469.98
Gross Accounts Receivable
417.31
+6.02%
393.61
-14.13%
458.39
-3.70%
476.00
Allowance For Doubtful Accounts Receivable
-2.88
+37.25%
-4.58
-28.76%
-3.56
+40.85%
-6.02
Other Receivables
498.29
+24.23%
401.10
+7.21%
374.11
+17.02%
319.71
Inventory
77.23
+1.11%
76.38
+112.91%
35.87
-47.53%
68.36
Raw Materials
50.30
+3.80%
48.46
+100.44%
24.18
-58.46%
58.20
Finished Goods
26.93
-3.54%
27.92
+138.67%
11.70
+15.10%
10.16
Prepaid Assets
86.35
-7.62%
93.47
+10.60%
84.51
+47.38%
57.34
Current Deferred Assets
37.02
+13.29%
32.68
+4.73%
31.21
-9.96%
34.66
Other Current Assets
61.11
+44.76%
42.22
-34.97%
64.92
-16.35%
77.61
Total Non Current Assets
3,800.79
+8.48%
3,503.53
+3.06%
3,399.56
+1.06%
3,363.97
Net PPE
342.55
+4.08%
329.12
-10.05%
365.89
-7.52%
395.66
Gross PPE
722.46
+5.06%
687.69
-0.76%
692.96
-0.58%
697.02
Accumulated Depreciation
-379.92
-5.95%
-358.56
-9.63%
-327.07
-8.53%
-301.37
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
346.23
+7.08%
323.33
+3.54%
312.26
+5.54%
295.86
Other Properties
185.60
+4.16%
178.18
-8.85%
195.47
-14.07%
227.47
Leases
190.64
+2.39%
186.18
+0.52%
185.22
+6.64%
173.69
Goodwill And Other Intangible Assets
2,540.15
+4.79%
2,423.94
-0.64%
2,439.65
-0.81%
2,459.57
Goodwill
2,443.88
+5.69%
2,312.36
+1.03%
2,288.68
+1.30%
2,259.28
Other Intangible Assets
96.27
-13.72%
111.58
-26.09%
150.97
-24.62%
200.29
Investments And Advances
15.69
+82.90%
8.58
+69.30%
5.07
-46.90%
9.54
Long Term Equity Investment
15.69
+82.90%
8.58
+69.30%
5.07
—
Non Current Accounts Receivable
340.15
+22.37%
277.96
+37.04%
202.84
-9.76%
224.78
Non Current Deferred Assets
485.92
+21.62%
399.53
+20.86%
330.57
+46.32%
225.93
Non Current Deferred Taxes Assets
446.39
+21.98%
365.95
+23.92%
295.31
+61.05%
183.37
Other Non Current Assets
76.33
+18.53%
64.40
+15.94%
55.54
+14.54%
48.49
Total Liabilities Net Minority Interest
2,727.49
+9.82%
2,483.63
+1.45%
2,448.10
-12.79%
2,807.22
Current Liabilities
1,612.58
+8.25%
1,489.65
+1.15%
1,472.78
-19.96%
1,839.95
Payables And Accrued Expenses
368.31
+10.21%
334.19
+9.65%
304.78
-19.89%
380.47
Payables
128.02
+13.15%
113.14
+15.66%
97.82
-36.64%
154.40
Accounts Payable
83.97
+23.68%
67.89
+7.23%
63.31
-44.06%
113.18
Current Accrued Expenses
240.29
+8.70%
221.05
+6.81%
206.97
-8.45%
226.08
Total Tax Payable
44.05
-2.64%
45.25
+31.14%
34.50
-16.29%
41.22
Current Debt And Capital Lease Obligation
31.04
-8.10%
33.78
-18.45%
41.42
-89.44%
392.30
Current Debt
—
—
—
349.77
Other Current Borrowings
—
—
—
349.77
Current Capital Lease Obligation
31.04
-8.10%
33.78
-18.45%
41.42
-2.59%
42.52
Current Deferred Liabilities
1,213.23
+8.16%
1,121.68
-0.43%
1,126.58
+5.57%
1,067.18
Current Deferred Revenue
1,213.23
+8.16%
1,121.68
-0.43%
1,126.58
+5.57%
1,067.18
Total Non Current Liabilities Net Minority Interest
1,114.91
+12.17%
993.97
+1.91%
975.32
+0.83%
967.26
Long Term Debt And Capital Lease Obligation
230.75
+6.93%
215.78
-9.93%
239.56
-12.05%
272.38
Long Term Debt
—
—
—
—
Long Term Capital Lease Obligation
230.75
+6.93%
215.78
-9.93%
239.56
-12.05%
272.38
Tradeand Other Payables Non Current
85.28
-0.21%
85.46
+15.88%
73.75
+23.84%
59.55
Non Current Deferred Liabilities
787.93
+15.29%
683.46
+4.63%
653.18
+4.15%
627.18
Non Current Deferred Revenue
786.01
+16.23%
676.28
+4.28%
648.54
+3.87%
624.40
Non Current Deferred Taxes Liabilities
1.92
-73.24%
7.18
+54.82%
4.64
+66.74%
2.78
Other Non Current Liabilities
10.95
+18.13%
9.27
+5.10%
8.82
+8.15%
8.16
Stockholders Equity
3,592.00
+14.78%
3,129.38
+11.75%
2,800.23
+13.42%
2,468.98
Common Stock Equity
3,592.00
+14.78%
3,129.38
+11.75%
2,800.23
+13.42%
2,468.98
Capital Stock
42.02
+613.58%
5.89
-75.86%
24.40
-73.20%
91.05
Common Stock
42.02
+613.58%
5.89
-75.86%
24.40
-73.20%
91.05
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
57.68
-0.71%
58.09
-1.88%
59.21
-1.09%
59.86
Ordinary Shares Number
57.68
-0.71%
58.09
-1.88%
59.21
-1.09%
59.86
Retained Earnings
3,568.30
+13.48%
3,144.40
+12.34%
2,799.05
+16.43%
2,404.11
Gains Losses Not Affecting Retained Earnings
-18.32
+12.38%
-20.91
+9.94%
-23.22
+11.29%
-26.18
Other Equity Adjustments
-18.32
+12.38%
-20.91
+9.94%
-23.22
+11.29%
-26.18
Total Equity Gross Minority Interest
3,592.00
+14.78%
3,129.38
+11.75%
2,800.23
+13.42%
2,468.98
Total Capitalization
3,592.00
+14.78%
3,129.38
+11.75%
2,800.23
+13.42%
2,468.98
Working Capital
906.12
+46.19%
619.82
+64.85%
375.99
+420.24%
72.27
Invested Capital
3,592.00
+14.78%
3,129.38
+11.75%
2,800.23
-0.66%
2,818.75
Total Debt
261.79
+4.90%
249.56
-11.18%
280.99
-57.73%
664.67
Capital Lease Obligations
261.79
+4.90%
249.56
-11.18%
280.99
-10.77%
314.90
Net Tangible Assets
1,051.85
+49.11%
705.44
+95.64%
360.58
+3732.75%
9.41
Tangible Book Value
1,051.85
+49.11%
705.44
+95.64%
360.58
+3732.75%
9.41
Available For Sale Securities
—
8.58
+69.30%
5.07
—
Investmentin Financial Assets
—
8.58
+69.30%
5.07
—
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
949.67
+19.84%
792.42
+21.27%
653.41
+47.62%
442.63
Cash Flow From Continuing Operating Activities
949.67
+19.84%
792.42
+21.27%
653.41
+47.62%
442.63
Net Income From Continuing Operations
692.38
+22.16%
566.78
+43.51%
394.95
+22.59%
322.16
Depreciation Amortization Depletion
92.40
-13.64%
106.99
-5.07%
112.70
-2.51%
115.61
Depreciation And Amortization
92.40
-13.64%
106.99
-5.07%
112.70
-2.51%
115.61
Other Non Cash Items
37.12
+15.71%
32.08
-19.60%
39.90
-0.25%
40.00
Stock Based Compensation
231.49
+5.65%
219.11
-7.41%
236.65
-5.04%
249.22
Provisionand Write Offof Assets
—
—
—
—
Asset Impairment Charge
0.00
0.00
-100.00%
3.46
-44.05%
6.17
Deferred Tax
-72.18
-5.33%
-68.52
+36.86%
-108.52
-169.66%
-40.24
Deferred Income Tax
-72.18
-5.33%
-68.52
+36.86%
-108.52
-169.66%
-40.24
Change In Working Capital
-31.55
+50.72%
-64.01
-148.84%
-25.73
+89.72%
-250.29
Change In Receivables
-28.41
-144.42%
63.95
+282.86%
16.70
+112.79%
-130.60
Changes In Account Receivables
-28.41
-144.42%
63.95
+282.86%
16.70
+112.79%
-130.60
Change In Inventory
-0.85
+97.90%
-40.50
-224.66%
32.49
+170.16%
-46.31
Change In Payables And Accrued Expense
28.90
-28.41%
40.37
+163.97%
-63.10
-429.28%
19.16
Change In Payable
28.90
-28.41%
40.37
+163.97%
-63.10
-429.28%
19.16
Change In Account Payable
28.90
-28.41%
40.37
+163.97%
-63.10
-429.28%
19.16
Change In Other Working Capital
200.49
+777.87%
22.84
-72.06%
81.74
-57.24%
191.15
Change In Other Current Assets
-195.61
-84.53%
-106.00
-119.16%
-48.37
+79.12%
-231.64
Change In Other Current Liabilities
-36.06
+19.26%
-44.67
+1.16%
-45.19
+13.17%
-52.05
Investing Cash Flow
-219.49
-270.67%
-59.21
-262.71%
36.39
-83.31%
218.12
Cash Flow From Continuing Investing Activities
-219.49
-270.67%
-59.21
-262.71%
36.39
-83.31%
218.12
Net PPE Purchase And Sale
-43.26
-42.25%
-30.41
+43.87%
-54.18
-61.15%
-33.62
Purchase Of PPE
-43.26
-42.25%
-30.41
+43.87%
-54.18
-61.15%
-33.62
Capital Expenditure
-43.26
-42.25%
-30.41
+43.87%
-54.18
-61.15%
-33.62
Net Investment Purchase And Sale
-5.17
-225.02%
4.14
-96.71%
125.63
-60.70%
319.65
Purchase Of Investment
-5.72
-172.38%
-2.10
-17.38%
-1.79
+97.08%
-61.28
Sale Of Investment
0.55
-91.21%
6.24
-95.10%
127.42
-66.55%
380.94
Net Business Purchase And Sale
-171.06
-419.32%
-32.94
+6.02%
-35.05
+48.39%
-67.91
Purchase Of Business
-171.06
-419.32%
-32.94
+6.02%
-35.05
+48.39%
-67.91
Financing Cash Flow
-464.81
-1.71%
-457.00
+30.05%
-653.30
-37.10%
-476.51
Cash Flow From Continuing Financing Activities
-464.81
-1.71%
-457.00
+30.05%
-653.30
-37.10%
-476.51
Net Issuance Payments Of Debt
0.00
0.00
+100.00%
-350.00
-1650.00%
-20.00
Issuance Of Debt
—
—
—
0.00
Repayment Of Debt
0.00
0.00
+100.00%
-350.00
-1650.00%
-20.00
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
0.00
0.00
+100.00%
-350.00
-1650.00%
-20.00
Net Long Term Debt Issuance
0.00
0.00
+100.00%
-350.00
-1650.00%
-20.00
Net Common Stock Issuance
-502.08
-0.31%
-500.56
-43.00%
-350.05
+29.99%
-500.02
Common Stock Payments
-502.08
-0.31%
-500.56
-43.00%
-350.05
+29.99%
-500.02
Repurchase Of Capital Stock
-502.08
-0.31%
-500.56
-43.00%
-350.05
+29.99%
-500.02
Proceeds From Stock Option Exercised
59.15
+7.39%
55.08
-8.14%
59.96
-7.10%
64.54
Net Other Financing Charges
-21.88
-89.89%
-11.52
+12.76%
-13.21
+37.17%
-21.02
Changes In Cash
265.36
-3.93%
276.20
+656.66%
36.50
-80.19%
184.24
Effect Of Exchange Rate Changes
2.67
+104.92%
1.30
-38.73%
2.12
+133.39%
-6.37
Beginning Cash Position
1,078.34
+34.65%
800.84
+5.07%
762.21
+30.44%
584.33
End Cash Position
1,346.37
+24.86%
1,078.34
+34.65%
800.84
+5.07%
762.21
Free Cash Flow
906.41
+18.95%
762.01
+27.17%
599.23
+46.51%
409.01
Interest Paid Supplemental Data
0.00
0.00
-100.00%
2.97
-62.79%
7.98
Income Tax Paid Supplemental Data
205.72
+13.26%
181.63
-5.19%
191.57
+74.10%
110.04
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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