F5 FFIV
Infrastructure Software Security Enterprise Software Cybersecurity

F5 trades at 6.1x EV/NTM revenue on a $20.72B enterprise value. Revenue grew 10.9% year over year to $865.1M in the quarter ending June 2026, an annual run rate of $3.46B. F5 reports a 82.2% gross margin and 26.4-month CAC payback.

ARR ($M)
Net Dollar Retention
--
ARR Growth
--
EV / NTM Revenue
6.1x
Payback Period
26.4
EV / Run Rate
6.0x
Price & Key Metrics
Price Performance
Company Details
Share Price: 394.24
Last Filing Date: 2026-06-30
Fiscal Year End: 09-30
Last Filing: Form
Founding Year: 1996
IPO Year: 1999
% of 52 wk High: 91%
Description
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, has about 6,500 employees, and generates about 55% its revenue within the Americas, 25% in EMEA, and 20% in APAC/Japan.
Reporting Notes
Categories
Infrastructure Software Security Enterprise Software Cybersecurity
Valuation
Market Cap: 22,324.7
Enterprise Value: 20,718.918
EV / Revenue Run Rate: 6.0x
EV / NTM Revenue: 6.1x
EV / 2026 Revenue Estimates: 6.2x
EV / 2027 Revenue Estimates: 5.8x
EV / 2028 Revenue Estimates: 5.3x
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: --
ARR Growth %: --
ARR/Customer ($K): --
ARR/Employee ($K): --
Revenue
Revenue Run Rate: 3,460
ARR: --
2026 Revenue Estimates: 3,355
2027 Revenue Estimates: 3,560
2028 Revenue Estimates: 3,888
LTM Revenue: 3,309
Last Year Run Rate: 3,121
Growth
Revenue Growth: 11%
ARR Growth: --
Growth Persistence: 89%
2026 Revenue Growth Estimates: 7%
2027 Revenue Growth Estimates: 6%
2028 Revenue Growth Estimates: 9%
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is F5 growing?

F5 grew revenue 10.9% year over year, reaching $865.1M in the quarter ending June 2026.

What multiple does F5 trade at?

F5 trades at 6.1x EV/NTM revenue and 6.0x EV/run-rate, on an enterprise value of $20.72B.

Is F5 profitable?

For F5, operating income was $213.3M last quarter and LTM free cash flow margin is 29.3%.

How long does it take F5 to pay back CAC?

F5 recovers customer acquisition cost in about 26.4 months.

What sector is F5 in?

Public Comps classifies F5 under Infrastructure Software, Security, Enterprise Software, and Cybersecurity.

Where does Public Comps get F5's data?

Figures come from F5's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.