F5, INC. · Computer Communications Equipment

FFIV

Low riskNext report: Around Jan 26, 2027 (est.)

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The short version

A high-quality, profitable business with growing sales.

Going well

Sales up 11% in the latest quarter vs a year ago
Profitable every year for 10 years
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days
Institutions cut 3.2% from their holdings in the quarter ending June 2026 (471 bought, 300 sold)
Held by Stanley Druckenmiller (Duquesne)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$461.65+1.4% that day

Company value: $26.1B; Share price times all shares
Price vs profit (P/E): 36.8x; You pay about $37 for each $1 of yearly profit
Price vs sales: 7.9x; Company value is 7.9 times a year of sales
Cash vs value: 6%; Cash as a share of company value

From FFIV's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$865.1M+11% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $3.3B, up 9.4% from the 12 months before. Over 5 years, sales grew about 5.6% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of FFIV. Starting points are the company's recent numbers.

Sales growth+9% a yearRecently: +9.4% a yearProfit margin22%Last 12 months: 22.0%P/E at the end37xToday: 36.8x. Many steady companies trade at 12x to 25xShare count change-1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$5.1B

Profit in 5 years$1.1B

Price these guesses point to$769.66+67% vs $461.65 todayAbout +11% a year, before dividends

What today's price needs: with a 22% margin and a 37x P/E, sales could shrink about 1.6% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/5Strong

PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.22.4%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$906.4M
PassShare count not growingNot diluting owners. Falling means buybacks.-3.9% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.81.4%

Revenue: $3.1B; +9.7% vs prior year
5-year growth: +5.6%/yr; revenue, per year
Current ratio: 1.55x; short-term assets / bills due
Free cash flow: $906.4M; 29.4% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity. A checklist is a starting point for research, not a verdict.