VeriSign, Inc. (VRSN) 10-Year Financial Performance & Capital Metrics

VRSN • • Industrial / General

TechnologyInfrastructure SoftwareCommunications & Network InfrastructureContent Delivery & Network Optimization

AboutVeriSign, Inc., together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce. The company also back-end systems for .cc, .gov, .edu, and .name domain names, as well as operates distributed servers, networking, security, and data integrity services. VeriSign, Inc. was incorporated in 1995 and is headquartered in Reston, Virginia.Show more

Revenue $1.56B +4.3%
EBITDA $1.1B +4.8%
Net Income $786M -3.9%
EPS (Diluted) 8.00 +1.3%
Gross Margin 87.71% +1.1%
EBITDA Margin 70.32% +0.5%
Operating Margin 67.95% +1.4%
Net Margin 50.45% -7.9%
ROE -
ROIC -
Debt/Equity -
Interest Coverage 14.05 +5.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 56.2% free cash flow margin
✓Share count reduced 5.1% through buybacks
✓Healthy 5Y average net margin of 55.2%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.42%

5Y4.8%

3Y5.47%

TTM5.47%

Profit (Net Income) CAGR

10Y8.26%

5Y5.11%

3Y0.04%

TTM-5.58%

EPS CAGR

10Y12.25%

5Y9.21%

3Y4.55%

TTM-0.23%

ROCE

10Y Avg139.11%

5Y Avg196.14%

3Y Avg259.71%

Latest485.52%

Peer Comparison

Content Delivery & Network Optimization

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VRSNVeriSign, Inc.	23.1B	249.22	31.15	4.31%	49.86%		3.79%
AKAMAkamai Technologies, Inc.	13.17B	91.53	27.99	4.7%	12.26%	10.71%	6.33%	0.95
FFIVF5, Inc.	15.92B	273.99	23.20	9.66%	22.42%	19.28%	5.69%	0.06
FATNFatPipe, Inc. Common Stock	27.85M	2.00	13.33	-8.8%	6.11%	4.13%		0.41
NETCloudflare, Inc.	58.05B	184.14	-800.61	28.76%	-5.12%	-7.65%	0.34%	1.40

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.06B	1.14B	1.17B	1.21B	1.23B	1.27B	1.33B	1.42B	1.49B	1.56B
Revenue Growth %	0.05%	0.08%	0.02%	0.04%	0.01%	0.03%	0.05%	0.07%	0.05%	0.04%
Cost of Goods Sold+	192.79M	198.24M	193.33M	192.13M	180.47M	180.18M	191.93M	200.7M	197.3M	191.4M
COGS % of Revenue	0.18%	0.17%	0.17%	0.16%	0.15%	0.14%	0.14%	0.14%	0.13%	0.12%
Gross Profit+	866.58M	943.92M	971.77M	1.02B	1.05B	1.08B	1.14B	1.22B	1.3B	1.37B
Gross Margin %	0.82%	0.83%	0.83%	0.84%	0.85%	0.86%	0.86%	0.86%	0.87%	0.88%
Gross Profit Growth %	0.05%	0.09%	0.03%	0.05%	0.03%	0.03%	0.05%	0.08%	0.06%	0.05%
Operating Expenses+	260.63M	257.35M	264.05M	255.44M	245.07M	260.67M	268.84M	281.1M	295.2M	307.8M
OpEx % of Revenue	0.25%	0.23%	0.23%	0.21%	0.2%	0.21%	0.2%	0.2%	0.2%	0.2%
Selling, General & Admin	196.91M	198.25M	211.71M	197.56M	184.26M	186M	188.31M	195.4M	204.2M	211.1M
SG&A % of Revenue	0.19%	0.17%	0.18%	0.16%	0.15%	0.15%	0.14%	0.14%	0.14%	0.14%
Research & Development	63.72M	59.1M	52.34M	57.88M	60.8M	74.67M	80.53M	85.7M	91M	96.7M
R&D % of Revenue	0.06%	0.05%	0.04%	0.05%	0.05%	0.06%	0.06%	0.06%	0.06%	0.06%
Other Operating Expenses	0	0	0	0	0	0	-1.33M	0	0	0
Operating Income+	605.95M	686.57M	707.72M	767.39M	806.13M	824.2M	866.8M	943.1M	1B	1.06B
Operating Margin %	0.57%	0.6%	0.61%	0.63%	0.65%	0.65%	0.65%	0.66%	0.67%	0.68%
Operating Income Growth %	0.07%	0.13%	0.03%	0.08%	0.05%	0.02%	0.05%	0.09%	0.06%	0.06%
EBITDA+	667.44M	744.74M	757.6M	815.76M	852.46M	870.55M	914.74M	990M	1.04B	1.1B
EBITDA Margin %	0.63%	0.65%	0.65%	0.67%	0.69%	0.69%	0.69%	0.69%	0.7%	0.7%
EBITDA Growth %	0.06%	0.12%	0.02%	0.08%	0.04%	0.02%	0.05%	0.08%	0.06%	0.05%
D&A (Non-Cash Add-back)	61.49M	58.17M	49.88M	48.37M	46.33M	46.35M	47.94M	46.9M	44.1M	36.9M
EBIT	593.16M	693.83M	732.09M	840.83M	849.39M	840.39M	865.47M	955.5M	1.05B	1.1B
Net Interest Income+	-105.5M	-109.37M	-118.39M	-88.36M	-64.02M	-82.33M	-82.7M	-60.4M	-29.2M	-37.9M
Interest Income	2.13M	6.19M	17.94M	26.49M	26.6M	7.82M	582K	14.9M	46.1M	37.4M
Interest Expense	107.63M	115.56M	136.34M	114.84M	90.61M	90.14M	83.25M	75.3M	75.3M	75.3M
Other Income/Expense	-118.3M	-105.4M	-108.71M	-37.88M	-47.35M	-73.96M	-84.58M	-62.9M	-24.1M	-36.3M
Pretax Income+	487.65M	581.17M	599.01M	729.52M	758.78M	750.24M	782.22M	880.2M	976.5M	1.02B
Pretax Margin %	0.46%	0.51%	0.51%	0.6%	0.62%	0.59%	0.59%	0.62%	0.65%	0.66%
Income Tax+	112.41M	140.53M	141.76M	147.03M	146.48M	-64.64M	-2.61M	206.4M	158.9M	236.2M
Effective Tax Rate %	0.77%	0.76%	0.76%	0.8%	0.81%	1.09%	1%	0.77%	0.84%	0.77%
Net Income+	375.24M	440.64M	457.25M	582.49M	612.3M	814.89M	784.8M	673.8M	817.6M	785.7M
Net Margin %	0.35%	0.39%	0.39%	0.48%	0.5%	0.64%	0.59%	0.47%	0.55%	0.5%
Net Income Growth %	0.06%	0.17%	0.04%	0.27%	0.05%	0.33%	-0.04%	-0.14%	0.21%	-0.04%
Net Income (Continuing)	375.24M	440.64M	457.25M	582.49M	612.3M	814.89M	784.83M	673.8M	817.6M	785.7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.82	3.42	3.68	4.75	5.15	7.07	7.00	6.24	7.90	8.00
EPS Growth %	0.12%	0.21%	0.08%	0.29%	0.08%	0.37%	-0.01%	-0.11%	0.27%	0.01%
EPS (Basic)	3.29	4.12	4.56	4.75	5.17	7.08	7.01	6.24	7.91	8.01
Diluted Shares Outstanding	133.03M	128.83M	124.18M	122.66M	118.97M	115.3M	112.17M	108M	103.5M	98.2M
Basic Shares Outstanding	114.16M	107M	100.33M	122.63M	118.51M	115.06M	112.02M	107.9M	103.4M	98.1M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.97B	1.84B	2.45B	1.32B	1.28B	1.22B	1.27B	1.04B	988.3M	663.8M
Cash & Short-Term Investments	1.92B	1.8B	2.41B	1.27B	1.22B	1.17B	1.21B	980.4M	926.4M	599.9M
Cash Only	228.66M	231.94M	465.85M	357.42M	508.2M	401.19M	223.49M	373.6M	240.1M	206.7M
Short-Term Investments	1.69B	1.57B	1.95B	912.25M	709.86M	765.71M	982.32M	606.8M	686.3M	393.2M
Accounts Receivable	12.64M	13.05M	11.46M	10.48M	17.36M	8.21M	12.95M	8.1M	13.6M	7.8M
Days Sales Outstanding	4.35	4.17	3.59	3.15	5.14	2.37	3.56	2.07	3.32	1.83
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	1.94M	1.67M	4.16M	2.08M	1.64M	2.25M	900K	1.4M	1.2M	1M
Total Non-Current Assets+	389.81M	492.23M	495.04M	597.47M	575.42M	548.97M	715.03M	694.7M	760.7M	742.7M
Property, Plant & Equipment	295.57M	266.13M	263.51M	253.91M	259.42M	256.85M	259.64M	239.2M	240.6M	233.8M
Fixed Asset Turnover	3.58x	4.29x	4.42x	4.79x	4.75x	4.93x	5.11x	5.96x	6.21x	6.66x
Goodwill	52.53M	52.53M	52.53M	52.53M	52.53M	52.53M	52.53M	52.5M	52.5M	52.5M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	17.64M	15.31M	14.96M	15.01M	16.33M	10.38M	5.33M	5.4M	4.8M	5.4M
Other Non-Current Assets	6.71M	148.88M	148.64M	171.03M	159.35M	161.31M	166.81M	163M	161.8M	169.7M
Total Assets+	2.36B	2.33B	2.94B	1.91B	1.85B	1.77B	1.98B	1.73B	1.75B	1.41B
Asset Turnover	0.45x	0.49x	0.40x	0.63x	0.66x	0.72x	0.67x	0.82x	0.85x	1.11x
Asset Growth %	0.09%	-0.01%	0.26%	-0.35%	-0.03%	-0.05%	0.12%	-0.13%	0.01%	-0.2%
Total Current Liabilities+	1.5B	1.52B	1.56B	947.59M	965.17M	988.69M	1.07B	1.12B	1.19B	1.53B
Accounts Payable	23.3M	19.45M	10.52M	27.14M	15.91M	12.34M	9M	9.8M	12.5M	10.6M
Days Payables Outstanding	44.11	35.82	19.86	51.55	32.17	25	17.12	17.82	23.12	20.21
Short-Term Debt	634.33M	629.76M	627.62M	0	0	0	0	0	0	299.8M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	51.85M	61.43M	51.48M	54.75M	49.87M	54.6M	58.5M	59.1M	71.9M	68M
Current Ratio	1.31x	1.21x	1.57x	1.39x	1.32x	1.23x	1.18x	0.93x	0.83x	0.43x
Quick Ratio	1.31x	1.21x	1.57x	1.39x	1.32x	1.23x	1.18x	0.93x	0.83x	0.43x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.93B	2.01B	2.64B	2.35B	2.38B	2.17B	2.17B	2.18B	2.14B	1.83B
Long-Term Debt	1.24B	1.24B	1.78B	1.79B	1.79B	1.79B	1.79B	1.79B	1.79B	1.49B
Capital Lease Obligations	0	0	0	0	4.56M	5.16M	2.5M	1.6M	2.2M	4M
Deferred Tax Liabilities	294.19M	371.43M	444.11M	281.62M	308.11M	90.33M	0	0	0	0
Other Non-Current Liabilities	114.8M	117.17M	128.2M	0	0	0	76.1M	60.5M	34.1M	6.1M
Total Liabilities	3.43B	3.54B	4.2B	3.3B	3.34B	3.16B	3.24B	3.3B	3.33B	3.36B
Total Debt+	1.87B	1.87B	2.41B	1.79B	1.79B	1.8B	1.79B	1.79B	1.8B	1.8B
Net Debt	1.64B	1.64B	1.94B	1.43B	1.28B	1.39B	1.56B	1.42B	1.56B	1.59B
Debt / Equity	-	-	-	-	-	-	-	-	-	-
Debt / EBITDA	2.80x	2.51x	3.18x	2.19x	2.10x	2.06x	1.95x	1.81x	1.72x	1.65x
Net Debt / EBITDA	2.46x	2.20x	2.57x	1.75x	1.51x	1.60x	1.71x	1.44x	1.49x	1.46x
Interest Coverage	5.63x	5.94x	5.19x	6.68x	8.90x	9.14x	10.41x	12.52x	13.29x	14.05x
Total Equity+	-1.07B	-1.2B	-1.26B	-1.39B	-1.49B	-1.39B	-1.26B	-1.56B	-1.58B	-1.96B
Equity Growth %	-0.21%	-0.12%	-0.05%	-0.1%	-0.08%	0.07%	0.09%	-0.24%	-0.01%	-0.24%
Book Value per Share	-8.05	-9.32	-10.15	-11.30	-12.53	-12.06	-11.24	-14.46	-15.28	-19.94
Total Shareholders' Equity	-1.07B	-1.2B	-1.26B	-1.39B	-1.49B	-1.39B	-1.26B	-1.56B	-1.58B	-1.96B
Common Stock	323K	324K	325K	352K	14.99B	14.28B	13.62B	12.64B	11.81B	10.65B
Retained Earnings	-18.63B	-18.18B	-17.69B	-17.09B	-16.48B	-15.66B	-14.88B	-14.2B	-13.39B	-12.6B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-3.99M	-3.45M	-2.94M	-2.81M	-2.62M	-2.76M	-2.8M	-2.7M	-2.6M	-2.5M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	651.48M	667.95M	702.76M	697.77M	753.89M	730.18M	807.15M	831.1M	853.8M	902.6M
Operating CF Margin %	0.61%	0.58%	0.6%	0.57%	0.61%	0.58%	0.61%	0.58%	0.57%	0.58%
Operating CF Growth %	0.08%	0.03%	0.05%	-0.01%	0.08%	-0.03%	0.11%	0.03%	0.03%	0.06%
Net Income	375.24M	440.64M	457.25M	582.49M	612.3M	814.89M	784.83M	673.8M	817.6M	785.7M
Depreciation & Amortization	61.49M	58.17M	49.88M	48.37M	46.33M	46.35M	47.94M	46.9M	44.1M	36.9M
Stock-Based Compensation	46.08M	50.04M	52.91M	52.5M	50.63M	48.24M	53.4M	58.6M	59.7M	61.1M
Deferred Taxes	-4.33M	-27.46M	-25.28M	-66.55M	-15.59M	-12.53M	0	0	0	0
Other Non-Cash Items	-248K	-3.76M	272K	8.09M	3.67M	3.42M	6.03M	-3.9M	-24.5M	-17.5M
Working Capital Changes	173.26M	150.31M	167.74M	72.86M	56.56M	-170.19M	-85.08M	55.7M	-43.1M	36.4M
Change in Receivables	661K	-871K	0	0	0	0	0	0	0	0
Change in Inventory	-1.73M	8.98M	0	0	0	0	0	0	0	0
Change in Payables	21.01M	40.24M	15.48M	-2.13M	-24K	2.23M	15.49M	-100K	0	0
Cash from Investing+	-496.9M	-40.4M	-405.08M	1.07B	167.19M	-72.26M	-269.25M	355.7M	-97.4M	286.3M
Capital Expenditures	-40.66M	-169.57M	-49.5M	-37.01M	-40.32M	-43.4M	-53.03M	-27.4M	-45.8M	-28.1M
CapEx % of Revenue	0.04%	0.15%	0.04%	0.03%	0.03%	0.03%	0.04%	0.02%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.94M	145.33M	12.1M	-160K	0	0	-216.2M	383.1M	0	21.1M
Cash from Financing+	-117.78M	-623.76M	-65.07M	-1.88B	-770.3M	-764.88M	-719.13M	-1.04B	-889.8M	-1.22B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	33.15M	25.06M	12.91M	12.84M	-872K	12.58M	12.42M	12.3M	11.6M	4.1M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	610.83M	498.38M	653.26M	660.76M	713.58M	686.79M	754.12M	803.7M	808M	874.5M
FCF Margin %	0.58%	0.44%	0.56%	0.54%	0.58%	0.54%	0.57%	0.56%	0.54%	0.56%
FCF Growth %	0.09%	-0.18%	0.31%	0.01%	0.08%	-0.04%	0.1%	0.07%	0.01%	0.08%
FCF per Share	4.59	3.87	5.26	5.39	6.00	5.96	6.72	7.44	7.81	8.91
FCF Conversion (FCF/Net Income)	1.74x	1.52x	1.54x	1.20x	1.23x	0.90x	1.03x	1.23x	1.04x	1.15x
Interest Paid	99.47M	115.54M	117.23M	117.96M	0	87.35M	85.6M	72.8M	72.8M	72.8M
Taxes Paid	39.72M	14.3M	28.29M	84.91M	0	132.68M	178.4M	211.7M	239.7M	230.5M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Invested Capital (ROIC)	106.15%	102.47%	94.92%	158.51%	-	16055.86%	422.06%	865.69%	-	-
Gross Margin	81.8%	82.64%	83.41%	84.19%	85.35%	85.76%	85.54%	85.91%	86.79%	87.71%
Net Margin	35.42%	38.58%	39.25%	47.94%	49.71%	64.42%	59.12%	47.29%	54.76%	50.45%
Interest Coverage	5.63x	5.94x	5.19x	6.68x	8.90x	9.14x	10.41x	12.52x	13.29x	14.05x
FCF Conversion	1.74x	1.52x	1.54x	1.20x	1.23x	0.90x	1.03x	1.23x	1.04x	1.15x
Revenue Growth	4.88%	7.82%	2.01%	4.28%	1.37%	2.71%	4.94%	7.33%	4.79%	4.31%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	639.17M	667.3M	694.76M	756.91M	772.59M	804.65M	851.3M	937.6M	994.7M	1.04B
UNITED STATES Growth	-	4.40%	4.11%	8.95%	2.07%	4.15%	5.80%	10.14%	6.09%	4.10%
EMEA	193.62M	207.47M	211.35M	212.7M	206.97M	214.2M	231.69M	226M	228.2M	249.6M
EMEA Growth	-	7.15%	1.87%	0.64%	-2.69%	3.49%	8.16%	-2.45%	0.97%	9.38%
Asia Pacific	151.46M	127.3M	106.53M	-	-	-	-	-	-	175.7M
Asia Pacific Growth	-	-15.95%	-16.32%	-	-	-	-	-	-	-
Other Geographical Areas	75.11M	140.09M	152.46M	138.52M	132.81M	133.15M	144.86M	155.3M	178.6M	96.6M
Other Geographical Areas Growth	-	86.51%	8.83%	-9.14%	-4.12%	0.26%	8.80%	7.20%	15.00%	-45.91%
CHINA	-	-	-	106.84M	119.29M	113.05M	99.73M	106M	91.6M	-
CHINA Growth	-	-	-	-	11.65%	-5.23%	-11.78%	6.29%	-13.58%	-

Frequently Asked Questions

Valuation & Price

VeriSign, Inc. (VRSN) has a price-to-earnings (P/E) ratio of 31.2x. This suggests investors expect higher future growth.

Growth & Financials

VeriSign, Inc. (VRSN) reported $1.63B in revenue for fiscal year 2024. This represents a 111% increase from $772.0M in 2011.

VeriSign, Inc. (VRSN) grew revenue by 4.3% over the past year. Growth has been modest.

Yes, VeriSign, Inc. (VRSN) is profitable, generating $811.0M in net income for fiscal year 2024 (50.4% net margin).

Dividend & Returns

VeriSign, Inc. (VRSN) generated $1.01B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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