NTCTNasdaqServices-Computer Integrated Systems DesignFiscal year ends March 31
NETSCOUT SYSTEMS INC
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$38.59+0.52 (+1.37%)
Close on Oct 19, 2026
- Market cap
- $2.88B
- P/E (TTM)
- 23.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
79.4%+6.1 pts over 5 years
Operating margin
12.8%+8.3 pts over 5 years
Net margin
11.1%+8.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.5% | -2.0% | +0.7% | -1.1% | |
| Gross profit | +6.0% | -0.4% | +2.3% | +0.9% | |
| Operating income | – | +12.2% | +24.2% | – | |
| Net income | – | +17.0% | +37.6% | – | |
| EPS, diluted | – | +16.6% | +38.0% | – | |
| Free cash flow | +34.5% | +25.0% | +7.2% | +14.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 1.4% | 1.0% | 6.0% | |
| Return on assets | 0.9% | 0.6% | 4.2% | |
| Current ratio | 1.86 | 1.76 | 1.85 | |
| Debt to equity | 0.12 | 0.17 | – | |
| Net debt to EBITDA | -0.02× | -0.82× | – | |
| Interest coverage | 6.8× | 3.4× | 64.4× | |
| Inventory turnover | 7.1× | 9.9× | 13.5× | |
| Capex to revenue | 2.6% | 1.4% | 1.1% | |
| Diluted shares | 93M | 74M | 73M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Netscout Systems generated $1.02B from operations and spent $363.46M on capital expenditure, dividends and share buybacks. 11% of that went back into the business.
Generated
$1.02B
Used
$363.46M
Capital expenditure$41.72M11%Dividends$00%Share buybacks$321.75M89%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.1%
×Asset turnover0.38×
×Equity multiplier1.41×
=Return on equity, FY20266.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 11.1% | 0.38× | 1.41× | 6.0% |
| FY2025 | -44.6% | 0.34× | 1.39× | -21.3% |
| FY2024 | -17.8% | 0.31× | 1.38× | -7.5% |
| FY2023 | 6.5% | 0.30× | 1.47× | 2.9% |
| FY2022 | 4.2% | 0.27× | 1.54× | 1.8% |
| FY2021 | 2.3% | 0.27× | 1.57× | 1.0% |
| FY2020 | -0.3% | 0.28× | 1.60× | -0.1% |
| FY2019 | -8.1% | 0.27× | 1.61× | -3.5% |
| FY2018 | 8.1% | 0.28× | 1.55× | 3.5% |
| FY2017 | 2.9% | 0.32× | 1.47× | 1.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$95.53M
- Cash generatingOperating cash flow above zero$294.54M
- Return on assets improvedROA up on the prior year-14.1% → 4.4%
- Earnings backed by cashOperating cash flow above net income$294.54M vs $95.53M
- Less leverageLong-term debt to assets fell0.0% → –
- Better liquidityCurrent ratio rose1.75 → 1.85
- No dilutionShare count did not rise72M → 73M
- Gross margin improvedGross margin up on the prior year78.27% → 79.41%
- More efficientAsset turnover rose0.32 → 0.39