Last 48 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
A10 Networks, Inc.'s quarterly P/E stands at 34.0x, up 8.2% year-over-year. EV/EBITDA has expanded 42.9% YoY to 35.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 47.82 | 34.00 | 31.59 | 26.69 | 34.55 | 31.42 | 19.17 | 21.24 | 26.63 | 26.33 | 13.72 | 44.05 | 24.32 |
| — | +8.2% | +64.8% | +25.7% | +29.7% | +19.4% | +39.7% | -51.8% | +9.5% | -64.4% | -20.8% | +112.5% | -12.1% | |
| P/S Ratio | 6.73 | 5.62 | 4.00 | 4.44 | 5.10 | 4.64 | 4.65 | 4.05 | 4.35 | 4.25 | 3.51 | 4.93 | 4.18 |
| — | +21.2% | -13.9% | +9.7% | +17.2% | +9.1% | +32.6% | -17.9% | +4.1% | -16.2% | -13.2% | +37.9% | +0.9% | |
| P/B Ratio | 9.48 | 7.63 | 6.08 | 6.43 | 6.94 | 6.26 | 5.95 | 4.97 | 4.88 | 4.81 | 4.75 | 5.79 | 5.70 |
| — | +21.9% | +2.1% | +29.4% | +42.2% | +30.1% | +25.3% | -14.1% | -14.5% | -23.7% | -31.4% | -9.8% | -1.3% | |
| P/FCF | 30.19 | — | 20.03 | 18.34 | 19.72 | 24.12 | 14.78 | 16.20 | 29.99 | 8.73 | — | 13.98 | 16.02 |
| — | — | +35.5% | +13.2% | -34.2% | +176.2% | — | +15.9% | +87.2% | — | — | -41.4% | -60.5% | |
| EV / EBITDA | 33.98 | 35.52 | 18.72 | 21.99 | 24.87 | 24.87 | 15.12 | 19.09 | 22.67 | 23.05 | 11.06 | 54.78 | 17.18 |
| — | +42.9% | +23.8% | +15.2% | +9.7% | +7.9% | +36.7% | -65.2% | +32.0% | -31.1% | -33.7% | +282.1% | -1.4% | |
| EV / EBIT | 44.69 | — | 22.36 | 26.23 | 26.15 | 28.64 | 17.62 | 24.10 | 30.73 | 31.65 | 12.59 | 117.71 | 20.26 |
| — | — | +26.9% | +8.8% | -14.9% | -9.5% | +39.9% | -79.5% | +51.7% | -29.4% | -26.7% | +635.3% | +1.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
A10 Networks, Inc.'s operating margin was 17.3% in Q1 2026, down 1.4 pp QoQ and up 4.1 pp YoY.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.3% | 79.6% | 78.7% | 80.1% | 78.9% | 79.7% | 79.9% | 80.5% | 80.0% | 81.1% | 81.1% | 80.9% | 79.5% |
| — | -0.1% | -1.5% | -0.4% | -1.4% | -1.8% | -1.5% | -0.6% | +0.5% | -1.4% | +1.8% | +1.8% | -0.8% | |
| Operating Margin | 16.2% | 17.3% | 18.7% | 17.4% | 14.9% | 13.3% | 24.8% | 15.7% | 13.2% | 11.9% | 25.6% | 3.8% | 18.6% |
| — | +30.6% | -24.4% | +11.2% | +12.8% | +11.6% | -3.0% | +309.4% | -29.3% | +11.2% | +22.0% | -82.4% | -3.6% | |
| Net Margin | 14.5% | 16.0% | 12.3% | 16.3% | 15.2% | 14.4% | 24.7% | 18.9% | 15.8% | 16.0% | 25.4% | 11.2% | 17.7% |
| — | +11.2% | -50.2% | -13.8% | -3.7% | -10.0% | -3.1% | +69.2% | -10.7% | +133.6% | +9.6% | -33.4% | +15.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.0% | 5.6% | 4.7% | 5.9% | 5.3% | 4.5% | 8.2% | 5.9% | 4.4% | 4.6% | 8.9% | 3.3% | 6.1% |
| — | +24.7% | -42.1% | +1.5% | +19.2% | -3.2% | -7.9% | +76.4% | -28.0% | +113.3% | -16.1% | -51.3% | +12.3% | |
| ROA | 7.9% | 1.9% | 1.6% | 2.0% | 1.7% | 1.8% | 4.4% | 3.1% | 2.4% | 2.5% | 4.7% | 1.7% | 3.2% |
| — | +3.6% | -63.8% | -36.8% | -27.4% | -25.8% | -6.7% | +81.1% | -25.4% | +127.2% | -6.6% | -47.2% | +14.8% | |
| ROIC | 13.8% | 2.6% | 3.2% | 3.7% | 4.3% | 4.0% | 9.4% | 5.5% | 5.0% | 4.8% | 12.0% | 1.8% | 8.8% |
| — | -34.3% | -66.1% | -32.8% | -14.1% | -17.2% | -21.4% | +204.8% | -43.5% | +34.0% | +31.8% | -81.0% | +6.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
A10 Networks, Inc.'s Debt/EBITDA ratio is 16.9x, up from 11.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 8.2% YoY to 3.71x, tightening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.05 | 0.99 | 1.03 | 1.11 | 1.13 | 1.17 | 0.05 | 0.02 | 0.02 | 0.02 | 0.08 | 0.02 | 0.03 |
| — | -14.9% | +1908.4% | +4849.8% | +4855.1% | +4897.8% | -36.4% | -9.9% | -9.8% | -10.8% | -32.3% | -14.1% | +5.2% | |
| Debt / EBITDA | 3.59 | 16.86 | 11.43 | 13.71 | 16.43 | 18.76 | 0.56 | 0.37 | 0.45 | 0.50 | 0.82 | 1.03 | 0.34 |
| — | -10.1% | +1952.8% | +3610.3% | +3516.5% | +3616.7% | -32.1% | -64.2% | +35.2% | -13.9% | -31.4% | +288.0% | +8.1% | |
| Current Ratio | 3.56 | 3.71 | 3.56 | 3.59 | 4.23 | 4.05 | 2.49 | 2.23 | 2.39 | 2.45 | 2.45 | 2.38 | 2.40 |
| — | -8.2% | +43.2% | +60.5% | +76.7% | +65.4% | +1.6% | -6.0% | -0.2% | +2.9% | +12.6% | +22.3% | +8.0% | |
| Quick Ratio | 3.43 | 3.56 | 3.43 | 3.44 | 4.04 | 3.87 | 2.31 | 2.05 | 2.17 | 2.23 | 2.24 | 2.17 | 2.20 |
| — | -8.0% | +48.4% | +67.8% | +86.0% | +73.7% | +3.3% | -5.3% | -1.5% | +2.1% | +11.4% | +22.4% | +8.1% | |
| Interest Coverage | — | 6.02 | — | — | 9.67 | 117.42 | 12.78 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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A10 Networks, Inc.'s current P/E is 47.8x. The average P/E over the last 4 quarters is 31.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
A10 Networks, Inc.'s current operating margin is 16.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking A10 Networks, Inc.'s business trajectory between earnings reports.