F5, Inc. (FFIV)
Information Technology · Communications Equipment · US stock · S&P 500 component
$442.03
▼ -14.55 (3.19%)
Fair valueFair
$377 −14.7% to fair value
$189fair band $264–$490$566
Day's range
$440.00 – $459.59
52-week range
$223.76 – $483.30
About F5, Inc.
F5 provides application delivery and security technology that helps organizations run and protect their software applications. Its products include load balancing, web application firewalls, bot protection and API security, offered as hardware appliances, software and cloud services. Customers are enterprises, service providers and governments. Revenue comes from product sales, recurring software subscriptions, and support and maintenance contracts.
Revenue over the last twelve months was $3.3 billion, with growth of 4.6% a year over three years. The operating margin stands at 24.5%. The return on invested capital is shown as 28%. The company does not pay a dividend. Its X-Ray Score is 61 out of 100. These numbers describe past results and current financial position, and they are shown for reference only.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $223.76 – $483.30Volume 493,900Daily, split-adjusted
Vitals
Market cap$25.4B
52-week range$223.76 – $483.30
Volume (last day)493,900
P/E (TTM)35.2
EBIT / EV yield3.4%
Free-cash-flow yield3.8%
Dividend yieldNo dividend
Revenue (TTM)$3.3B
Net income (TTM)$727M
Operating margin24.5%
Return on capital27.6%
Debt incl. leasesData missing
Cash & securities$1.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$377model spread $362 – $393
Fair
−14.7% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $442
Undervalued < $264Fair $264 – $490Overvalued > $490
10-year DCF (market-scaled)
$370
Peer multiples
$431
Earnings power floor (not blended)
$129
Fundamentals-adjusted multiple
$330
Growth the price implies
18.7%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Fair
56/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield3.4%
Free-cash-flow yield3.8%
Fair value vs price0.9×
Growth
Fair
52/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)4.6%
EPS growth (3y)30.8%
Growth consistency80%
Profitability
Fair
57/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital27.6%
Operating margin24.5%
Gross profitability39.7%
Financial health
Strong
76/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score8 / 9
Interest coverNo interest cost
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+7.3%
Mar '25
+12.2%
Jun '25
+8.5%
Sep '25
+7.3%
Dec '25
+11.0%
Mar '26
+10.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $865M, diluted EPS $3.62.
Compare with peers
ANET Arista Networks, Inc.62 MSI Motorola Solutions, In...49 CSCO Cisco Systems, Inc.44 CIEN Ciena Corp39Other Communications Equipment companies by X-Ray Score.
Fundamentals checklist
● 6 Good · ● 8 Average · ● 1 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyBad
Balance sheet
Current ratioAverage
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 60/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.7B | $2.8B | $2.8B | $3.1B |
| Operating income | $394M | $404M | $473M | $659M | $766M |
| Net income | $331M | $322M | $395M | $567M | $692M |
| Operating cash flow | $645M | $443M | $653M | $792M | $950M |
| Operating margin | 15.1% | 15.0% | 16.8% | 23.4% | 24.8% |
| Free cash flow | $615M | $409M | $599M | $762M | $906M |
| Diluted EPS | $5.34 | $5.27 | $6.55 | $9.55 | $11.80 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 4 neutral · 5 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 0 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 464.2 | Bearish |
| EMA 10 | 458.2 | Bearish |
| SMA 20 | 455.4 | Bearish |
| EMA 20 | 451.7 | Bearish |
| SMA 50 | 423.8 | Bullish |
| EMA 50 | 432.1 | Bullish |
| SMA 100 | 413.2 | Bullish |
| EMA 100 | 408.3 | Bullish |
| SMA 200 | 355.3 | Bullish |
| EMA 200 | 373.0 | Bullish |
Oscillators (daily)
| RSI (14) | 47.99 | Neutral |
| MACD (12, 26) | 10.45 | Bullish |
| Momentum (12) | -0.71 | Bearish |
| Stochastic %K (14) | 24.09 | Neutral |
| Williams %R (14) | -75.91 | Neutral |
| CCI (20) | -53.52 | Neutral |
Pivot points (classic, last session)
S3 415.2 | S2 427.6 | S1 434.8 | Pivot 447.2 | R1 454.4 | R2 466.8 | R3 474.0 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
FFIV SEC filings
6 Aug 2026
10-QSEC EDGAR
Quarterly report
27 Jul 2026
8-KSEC EDGAR
Results of operations
23 Jun 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
5 May 2026
10-QSEC EDGAR
Quarterly report
28 Apr 2026
8-KSEC EDGAR
Director or officer change; Other events
28 Apr 2026
8-KSEC EDGAR
Results of operations
13 Mar 2026
8-KSEC EDGAR
Director or officer change; Shareholder vote results
5 Feb 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.