NTGRNasdaqComputer Communications EquipmentFiscal year ends December 31
NETGEAR, INC.
Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 6, 2026
$22.76+0.71 (+3.22%)
Close on Oct 19, 2026
- Market cap
- $615.45M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
38.0%+8.4 pts over 5 years
Operating margin
-4.9%−10.9 pts over 5 years
Net margin
-2.6%−7.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.8% | -9.1% | -11.0% | -6.0% | |
| Gross profit | +35.9% | +2.0% | -6.5% | -3.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 10.1% | 9.0% | -3.5% | |
| Return on assets | 6.8% | 5.7% | -2.1% | |
| Current ratio | 2.70 | 2.45 | 2.69 | |
| Inventory turnover | 3.3× | 4.3× | 2.6× | |
| Capex to revenue | 0.9% | 0.8% | 2.9% | |
| Diluted shares | 34M | 31M | 29M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Netgear generated $241.57M from operations and spent $234.06M on capital expenditure, dividends and share buybacks. 22% of that went back into the business.
Generated
$241.57M
Used
$234.06M
Capital expenditure$50.93M22%Dividends$00%Share buybacks$183.13M78%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.6%
×Asset turnover0.83×
×Equity multiplier1.62×
=Return on equity, FY2025-3.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.6% | 0.83× | 1.62× | -3.5% |
| FY2024 | 1.8% | 0.79× | 1.58× | 2.3% |
| FY2023 | -14.1% | 0.79× | 1.61× | -18.1% |
| FY2022 | -7.4% | 0.89× | 1.59× | -10.5% |
| FY2021 | 4.2% | 1.07× | 1.58× | 7.1% |
| FY2020 | 4.6% | 1.22× | 1.59× | 9.0% |
| FY2019 | 2.6% | 1.00× | 1.62× | 4.2% |
| FY2018 | -0.9% | 0.94× | 1.66× | -1.3% |
| FY2017 | 1.9% | 0.87× | 1.57× | 2.5% |
| FY2016 | 6.6% | 1.02× | 1.48× | 10.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$17.92M
- Cash generatingOperating cash flow above zero$1.61M
- Return on assets improvedROA up on the prior year1.5% → -2.1%
- Earnings backed by cashOperating cash flow above net income$1.61M vs -$17.92M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.81 → 2.69
- No dilutionShare count did not rise30M → 29M
- Gross margin improvedGross margin up on the prior year29.08% → 38.05%
- More efficientAsset turnover rose0.80 → 0.82