Technology · Software - Infrastructure
Price
$394.53
Market Cap
$22.3B
Employees
6,114
Beta
1.05
Avg Volume
710,737
CEO
Francois Locoh-Donou
Business Description
F5, Inc. is a technology company specializing in comprehensive solutions designed to secure and optimize the delivery of applications across various cloud environments. Their core mission is to guarantee the security, peak performance, and constant availability of critical network applications, servers, and storage systems for their clients. Through their multi-cloud offerings, F5 empowers organizations to seamlessly develop, deploy, operate, secure, and govern their applications, whether these reside in traditional on-premises infrastructures or modern public cloud platforms. The company's extensive product portfolio includes a range of application security and delivery tools: Robust hardware like BIG-IP appliances and VIPRION chassis, complemented by their software modules and virtual editions. Software-defined solutions such as Local Traffic Manager and DNS Services for efficient traffic handling. Advanced network protection with Advanced Firewall Manager and Policy Enforcement Manager. Security and access control via Application Security Manager and Access Policy Manager. The NGINX product family, including NGINX Plus and NGINX Controller, for web serving and application delivery. Sophisticated threat and fraud prevention tools like Shape Defense, Enterprise Defense, Secure Web Gateway, Silverline DDoS, and other application security services. Beyond products, F5 offers a suite of professional services, encompassing expert consulting, training, installation, maintenance, and ongoing technical support. F5 serves a diverse global clientele, including major enterprise businesses, public sector organizations, government bodies, and service providers. Their solutions are distributed through a broad network of partners, including distributors, value-added resellers, managed service providers, and systems integrators, reaching customers across the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company also fosters strategic partnerships with leading public cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud Platform. Established in Seattle, Washington, in 1996, the company officially changed its name from F5 Networks, Inc. to F5, Inc. in November 2021.
Business History
Price Overview
Last updated: Jun 27, 2026 8:58am (just now)$394.53
+8.52 (+2.21%)
Day Range
$382.01 – $395.96
52-Week Range
$223.76 – $411.52
50-Day MA
$364.18
200-Day MA
$301.15
Volume
757,896.00
Analyst Price Targets
Low
$292.00
Consensus
$378.00
High
$475.00
(44 analysts)
Share Structure
Outstanding
56,419,247.00
Float
56,041,586.00
Free Float
99.3%
High free float
— 99.3% of shares trade freely, ~0.7% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
31.59
Stock Price: $394.53
EPS (Diluted): 11.96
EPS (Diluted): 11.96
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.21
Stock Price: $394.53
Total Equity: $3.59B
Shares: 58,684,000
Total Equity: $3.59B
Shares: 58,684,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
22.39
Market Cap: $22.26B
Total Debt: $261.79M
Cash: $1.34B
EBITDA: $883.83M
Total Debt: $261.79M
Cash: $1.34B
EBITDA: $883.83M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$17.9B
Market Cap: $22.26B
Total Debt: $261.79M
Cash: $1.34B
Total Debt: $261.79M
Cash: $1.34B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
81.4%
Gross Profit: $2.51B
Revenue: $3.09B
Revenue: $3.09B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
24.8%
Operating Income: $765.95M
Revenue: $3.09B
Revenue: $3.09B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
22.4%
Net Income: $692.38M
Revenue: $3.09B
Revenue: $3.09B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
19.9%
Net Income: $692.38M
Total Equity: $3.59B
Total Equity: $3.59B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
13.8%
Operating Income: $765.95M
Tax Rate: 14.3%
Equity: $3.59B
Total Debt: $261.79M
Cash: $1.34B
Tax Rate: 14.3%
Equity: $3.59B
Total Debt: $261.79M
Cash: $1.34B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.54
Current Assets: $2.48B
Current Liabilities: $1.61B
Current Liabilities: $1.61B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.07
Short-Term Debt: $31.04M
Long-Term Debt: $230.75M
Total Debt: $261.79M
Total Equity: $3.59B
Long-Term Debt: $230.75M
Total Debt: $261.79M
Total Equity: $3.59B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$52.62
Revenue: $3.09B
Shares: 58,684,000
Shares: 58,684,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$61.21
Total Equity: $3.59B
Shares: 58,684,000
Shares: 58,684,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$15.45
Operating CF: $949.67M
CapEx: -$43.26M
Shares: 58,684,000
CapEx: -$43.26M
Shares: 58,684,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $394.53
Stock Price: $394.53
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $692.38M
Net Income: $692.38M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares FFIV against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:32pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.7B | $2.8B | $2.8B | $3.1B |
| Cost of Revenue | $493.1M | $539.6M | $593.3M | $557.6M | $574.0M |
| Gross Profit | $2.1B | $2.2B | $2.2B | $2.3B | $2.5B |
| Operating Expenses | $1.7B | $1.7B | $1.7B | $1.6B | $1.7B |
| Operating Income | $394.0M | $403.8M | $472.6M | $658.6M | $765.9M |
| Net Income | $331.2M | $322.2M | $394.9M | $566.8M | $692.4M |
| EBITDA | $502.4M | $527.3M | $650.7M | $774.2M | $883.8M |
| EPS | $5.46 | $5.34 | $6.59 | $9.65 | $11.96 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:32pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $581.0M | $758.0M | $797.2M | $1.1B | $1.3B |
| Total Current Assets | $1.6B | $1.9B | $1.8B | $2.1B | $2.5B |
| Total Assets | $5.0B | $5.3B | $5.2B | $5.6B | $6.3B |
| Current Liabilities | $1.4B | $1.8B | $1.5B | $1.5B | $1.6B |
| Long-Term Debt | $646.7M | $272.4M | $239.6M | $215.8M | $230.7M |
| Total Liabilities | $2.6B | $2.8B | $2.4B | $2.5B | $2.7B |
| Total Equity | $2.4B | $2.5B | $2.8B | $3.1B | $3.6B |
| Retained Earnings | $2.2B | $2.4B | $2.8B | $3.1B | $3.6B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:32pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $645.2M | $442.6M | $653.4M | $792.4M | $949.7M |
| Capital Expenditure | -$30.7M | -$33.6M | -$54.2M | -$30.4M | -$43.3M |
| Free Cash Flow | $614.5M | $409.0M | $599.2M | $762.0M | $906.4M |
| Acquisitions (net) | -$411.3M | -$67.9M | -$35.0M | -$32.9M | -$171.1M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$500.0M | -$500.0M | -$350.0M | -$500.6M | -$502.1M |
| Net Change in Cash | -$268.5M | $177.9M | $38.6M | $277.5M | $268.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 10:16pm (10h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$3.3B $3.3B – $3.4B
|
$3.5B $3.4B – $3.7B
|
$3.8B $3.8B – $3.8B
|
$4.0B $3.9B – $4.1B
|
| EBITDA |
$1.3B $1.3B – $1.3B
|
$1.4B $1.4B – $1.5B
|
$1.5B $1.5B – $1.5B
|
$1.6B $1.6B – $1.6B
|
| Net Income |
$967.8M $964.0M – $971.6M
|
$1.0B $997.3M – $1.1B
|
$1.1B $1.0B – $1.3B
|
$1.3B $1.2B – $1.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:32pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +3.6% | +4.4% | +0.1% | +9.7% |
| Gross Profit Growth | +2.2% | +3.0% | +1.7% | +11.3% |
| Operating Income Growth | +2.5% | +17.0% | +39.4% | +16.3% |
| Net Income Growth | -2.7% | +22.6% | +43.5% | +22.2% |
| EBITDA Growth | +5.0% | +23.4% | +19.0% | +14.2% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-10 | Buse Elizabeth | S-Sale | 214.00 | $398.53 | $85,285 |
| 2026-06-10 | Buse Elizabeth | S-Sale | 626.00 | $399.29 | $249,952 |
| 2026-06-10 | Buse Elizabeth | S-Sale | 120.00 | $400.58 | $48,069 |
| 2026-06-10 | Buse Elizabeth | S-Sale | 40.00 | $401.05 | $16,042 |
| 2026-06-02 | Werner Edward Cooper | S-Sale | 2,500.00 | $400.00 | $1.0M |
| 2026-05-08 | WHALEN CHAD MICHAEL | S-Sale | 6,200.00 | $350.19 | $2.2M |
| 2026-05-08 | Werner Edward Cooper | S-Sale | 1,500.00 | $350.00 | $525,000 |
| 2026-05-05 | Locoh-Donou Francois | S-Sale | 40.00 | $331.05 | $13,242 |
| 2026-05-05 | Locoh-Donou Francois | S-Sale | 200.00 | $332.52 | $66,504 |
| 2026-05-05 | Locoh-Donou Francois | S-Sale | 80.00 | $335.28 | $26,822 |
| 2026-05-05 | Locoh-Donou Francois | S-Sale | 1,332.00 | $336.92 | $448,783 |
| 2026-05-05 | Locoh-Donou Francois | S-Sale | 1,268.00 | $337.78 | $428,306 |
| 2026-05-05 | Locoh-Donou Francois | S-Sale | 480.00 | $338.60 | $162,529 |
| 2026-05-05 | Locoh-Donou Francois | S-Sale | 383.00 | $339.88 | $130,172 |
| 2026-05-05 | FOUNTAIN THOMAS DEAN | S-Sale | 1,328.00 | $330.58 | $439,010 |
| 2026-05-01 | WHALEN CHAD MICHAEL | M-Exempt | 2,317.00 | $0.00 | $0 |
| 2026-05-01 | WHALEN CHAD MICHAEL | F-InKind | 910.00 | $323.20 | $294,112 |
| 2026-05-04 | WHALEN CHAD MICHAEL | S-Sale | 704.00 | $330.30 | $232,532 |
| 2026-05-01 | WHALEN CHAD MICHAEL | M-Exempt | 668.00 | $0.00 | $0 |
| 2026-05-01 | WHALEN CHAD MICHAEL | M-Exempt | 717.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for FFIV — it's generated by the pipeline (
market-narrative step).
No community reviews yet for FFIV.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30