NTCT · Netscout Systems Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $859.48M | $822.68M | $829.46M | $914.53M | $855.58M | $891.82M |
| Cost of Revenue | $176.99M | $178.74M | $187.41M | $223.10M | $214.19M | $222.10M |
| Gross Profit | $682.49M | $643.94M | $642.04M | $691.43M | $641.39M | $609.18M |
| R&D | $159.46M | $152.86M | $161.21M | $176.17M | $171.13M | $179.16M |
| SG&A | $103.19M | $96.72M | $95.89M | $103.51M | $97.69M | $88.97M |
| Total Operating Expenses | $572.67M | $1.01B | $791.87M | $613.77M | $592.75M | $572.05M |
| D&A | $56.53M | $63.79M | $74.99M | $85.92M | $95.78M | $105.83M |
| Operating Income | $109.83M | ($367.60M) | ($149.83M) | $77.66M | $48.63M | $37.13M |
| Interest Expense | $1.71M | $8.65M | $8.65M | $10.25M | $8.05M | $10.88M |
| Income Tax | $22.98M | $1.13M | $3.22M | $8.77M | $7.02M | $2.95M |
| Net Income | $95.53M | ($366.92M) | ($147.73M) | $59.65M | $35.87M | $19.35M |
| EPS - Basic | $1.33 | ($5.12) | ($2.07) | $0.83 | $0.48 | $0.26 |
| EPS - Diluted | $1.30 | ($5.12) | ($2.07) | $0.82 | $0.48 | $0.26 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $586.50M | $457.42M | $389.67M | $386.79M | $636.16M | $467.18M |
| Accounts Receivable | $151.47M | $163.65M | $192.10M | $143.85M | $148.25M | $197.72M |
| Inventory | $13.32M | $12.89M | $14.10M | $17.96M | $28.22M | $22.81M |
| Accounts Payable | $23.49M | $18.21M | $14.51M | $16.47M | $21.96M | $17.96M |
| Current Assets | $867.88M | $713.18M | $672.49M | $617.36M | $921.94M | $722.47M |
| Total Assets | $2.35B | $2.19B | $2.60B | $2.82B | $3.19B | $3.09B |
| Current Liabilities | $470.15M | $407.93M | $395.08M | $453.61M | $476.16M | $411.27M |
| Long-term Debt | - | $0 | $100.00M | $100.00M | $350.00M | $350.00M |
| Total Liabilities | $705.26M | $626.18M | $703.24M | $790.91M | $1.13B | $1.08B |
| Stockholders' Equity | $1.65B | $1.56B | $1.89B | $2.03B | $2.06B | $2.01B |
| Retained Earnings | $51.09M | ($44.44M) | $322.48M | $470.21M | $410.56M | $374.69M |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $294.54M | $217.67M | $58.81M | $156.65M | $296.01M | $213.92M |
| Investing Cash Flow | ($92.83M) | ($7.00M) | $13.36M | $15.30M | ($68.35M) | $24.70M |
| Financing Cash Flow | ($76.69M) | ($142.01M) | ($69.35M) | ($419.43M) | ($54.16M) | ($118.31M) |
| CapEx | $9.11M | $5.41M | $6.34M | $10.49M | $10.35M | $11.99M |
| Free Cash Flow | $285.43M | $212.26M | $52.47M | $146.16M | $285.66M | $201.94M |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 79.4% | 78.3% | 77.4% | 75.6% | 75.0% | 68.3% |
| Operating margin | 12.8% | -44.7% | -18.1% | 8.5% | 5.7% | 4.2% |
| EBITDA margin | 19.4% | -36.9% | -9.0% | 17.9% | 16.9% | 16.0% |
| Net margin | 11.1% | -44.6% | -17.8% | 6.5% | 4.2% | 2.2% |
| Free cash flow margin | 33.2% | 25.8% | 6.3% | 16.0% | 33.4% | 22.6% |
| FCF / Net income | 2.99 | -0.58 | -0.36 | 2.45 | 7.96 | 10.43 |
| R&D / Revenue | 18.6% | 18.6% | 19.4% | 19.3% | 20.0% | 20.1% |
| SG&A / Revenue | 12.0% | 11.8% | 11.6% | 11.3% | 11.4% | 10.0% |
| Effective tax rate | 19.4% | - | - | 12.8% | 16.4% | 13.2% |
| Return on assets | 4.1% | -16.8% | -5.7% | 2.1% | 1.1% | 0.6% |
| Return on equity | 5.8% | -23.5% | -7.8% | 2.9% | 1.7% | 1.0% |
| Return on invested capital | - | -18.6% | -5.9% | 3.2% | 1.7% | 1.4% |
| Liquidity | ||||||
| Current ratio | 1.85 | 1.75 | 1.70 | 1.36 | 1.94 | 1.76 |
| Quick ratio | 1.82 | 1.72 | 1.67 | 1.32 | 1.88 | 1.70 |
| Cash ratio | 1.25 | 1.12 | 0.99 | 0.85 | 1.34 | 1.14 |
| Leverage | ||||||
| Debt / Equity | - | 0.00 | 0.05 | 0.05 | 0.17 | 0.17 |
| Debt / Assets | - | 0.00 | 0.04 | 0.04 | 0.11 | 0.11 |
| Debt / EBITDA | - | - | - | 0.61 | 2.42 | 2.45 |
| Interest coverage | 64.4x | -42.5x | -17.3x | 7.6x | 6.0x | 3.4x |
| Equity multiplier | 1.43 | 1.40 | 1.37 | 1.39 | 1.55 | 1.54 |
| Liabilities / Assets | 0.30 | 0.29 | 0.27 | 0.28 | 0.36 | 0.35 |
| Efficiency | ||||||
| Asset turnover | 0.37 | 0.38 | 0.32 | 0.32 | 0.27 | 0.29 |
| Inventory turnover | 13.29 | 13.87 | 13.30 | 12.42 | 7.59 | 9.74 |
| Days sales outstanding | 64d | 73d | 85d | 57d | 63d | 81d |
| Days inventory outstanding | 27d | 26d | 27d | 29d | 48d | 37d |
| Days payable outstanding | 48d | 37d | 28d | 27d | 37d | 30d |
| Cash conversion cycle | 43d | 62d | 84d | 60d | 74d | 89d |
| Valuation | ||||||
| P / E | 24.5x | - | - | 34.9x | 66.8x | 108.3x |
| P / B | 1.4x | 1.0x | 0.8x | 1.0x | 1.2x | 1.0x |
| P / S | 2.7x | 1.8x | 1.9x | 2.3x | 2.8x | 2.3x |
| EV / EBITDA | 10.5x | - | - | 11.0x | 14.7x | 13.7x |
| Growth | ||||||
| Revenue growth (YoY) | 4.5% | -0.8% | -9.3% | 6.9% | -4.1% | 0.0% |
| Revenue CAGR (3y) | -2.0% | -1.3% | -2.4% | 0.8% | -2.0% | -3.3% |
| Revenue CAGR (5y) | -0.7% | -1.6% | -1.8% | -1.5% | -5.9% | -1.4% |
| Gross profit growth (YoY) | 6.0% | 0.3% | -7.1% | 7.8% | 5.3% | -6.2% |
| Operating income growth (YoY) | - | -145.4% | - | 59.7% | 31.0% | 110.5% |
| Net income growth (YoY) | - | -148.4% | - | 66.3% | 85.4% | - |
| EPS growth (YoY) | - | -147.3% | - | 70.8% | 84.6% | - |
| EPS CAGR (3y) | 16.6% | - | - | - | - | -33.9% |
| EPS CAGR (5y) | 38.0% | - | - | -1.8% | 5.9% | - |
| FCF growth (YoY) | 34.5% | 304.5% | -64.1% | -48.8% | 41.5% | -1.5% |
| FCF CAGR (5y) | 7.2% | 0.7% | -16.1% | 12.4% | 7.6% | 23.4% |
| Book value growth (YoY) | 5.7% | -17.5% | -6.8% | -1.5% | 2.7% | 3.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Product / service
$859.48M totalService$489.34M · 56.9%
Product$370.14M · 43.1%
Geographic
$859.48M totalUS$474.36M · 55.2%
Rest Of World$163.28M · 19.0%
Europe$158.77M · 18.5%
Asia$63.08M · 7.3%
Stability scores
Altman Z′
FY 2026 · bankruptcy risk
1.63
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2026 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing NETSCOUT SYSTEMS INC against the 5 most active filers in the same SIC group.