Extreme Networks, Inc. (EXTR) Financial Ratios
28 years of historical data (1998–2025) · Technology · Communication Equipment
EV/EBITDA
↑
118.01
↑+123% vs avg
5yr avg: 52.87
30Y Low10.4·High65.4
P/FCF
↑
33.59
↑+65% vs avg
5yr avg: 20.35
30Y Low9.0·High57.6
P/B Ratio
↑
64.26
↑+85% vs avg
5yr avg: 34.83
30Y Low1.3·High96.3
ROE
↓
-16.4%
↑-1587% vs avg
5yr avg: 1.1%
30Y Low-209%·High75%
Debt/EBITDA
↑
6.18
↓-12% vs avg
5yr avg: 7.02
30Y Low0.0·High20.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EXTR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Extreme Networks, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 33.6x P/FCF, 65% above the 5-year average of 20.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.3B | $2.4B | $1.7B | $3.5B | $1.2B | $1.4B | $520M | $763M | $909M | $998M | $349M |
| Enterprise Value | $4.3B | $2.4B | $1.8B | $3.5B | $1.4B | $1.6B | $826M | $772M | $986M | $961M | $311M |
| P/E Ratio → | -564.72 | — | — | 44.91 | 27.03 | 734.21 | — | — | — | — | — |
| P/S Ratio | 3.75 | 2.08 | 1.56 | 2.65 | 1.07 | 1.41 | 0.55 | 0.77 | 0.92 | 1.67 | 0.66 |
| P/B Ratio | 64.26 | 36.22 | 68.78 | 29.82 | 13.18 | 26.16 | 96.33 | 6.58 | 8.07 | 9.36 | 3.87 |
| P/FCF | 33.59 | 18.66 | 46.54 | 14.79 | 10.56 | 11.19 | 25.22 | 9.28 | — | 20.43 | 13.96 |
| P/OCF | 28.13 | 15.62 | 31.34 | 13.97 | 9.29 | 9.86 | 14.49 | 7.27 | 47.74 | 16.84 | 11.51 |
P/E links to full P/E history page with 30-year chart
EXTR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Extreme Networks, Inc.'s enterprise value stands at 118.0x EBITDA, 123% above its 5-year average of 52.9x. The Technology sector median is 16.6x, placing the stock at a 609% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.08 | 1.64 | 2.68 | 1.22 | 1.57 | 0.87 | 0.78 | 1.00 | 1.61 | 0.59 |
| EV / EBITDA | 118.01 | 65.45 | 152.43 | 22.20 | 10.62 | 13.68 | 19.30 | 15.55 | 13.25 | 17.66 | 10.44 |
| EV / EBIT | 251.83 | 117.17 | — | 31.59 | 20.95 | 48.05 | — | — | — | 143.75 | — |
| EV / FCF | — | 18.59 | 49.04 | 14.96 | 12.07 | 12.46 | 40.06 | 9.39 | — | 19.66 | 12.41 |
EXTR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Extreme Networks, Inc. earns an operating margin of 1.5%. Operating margins have compressed from 8.5% to 1.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -16.4% indicates the company is currently destroying shareholder equity. ROIC of 14.4% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.2% | 62.2% | 56.3% | 57.3% | 56.3% | 56.8% | 53.4% | 54.4% | 53.5% | 53.9% | 48.0% |
| Operating Margin | 1.5% | 1.5% | -2.6% | 8.5% | 6.6% | 3.9% | -4.5% | -0.6% | 2.6% | 4.7% | -2.5% |
| Net Profit Margin | -0.7% | -0.7% | -7.7% | 5.9% | 4.0% | 0.2% | -13.4% | -2.6% | -4.8% | -1.4% | -6.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -16.4% | -16.4% | -121.0% | 75.4% | 61.1% | 6.5% | -209.0% | -22.6% | -42.6% | -8.7% | -32.8% |
| ROA | -0.7% | -0.7% | -7.9% | 7.1% | 4.3% | 0.2% | -14.6% | -3.4% | -7.5% | -2.0% | -7.9% |
| ROIC | 14.4% | 14.4% | -15.7% | 40.0% | 22.9% | 11.1% | -14.7% | -3.0% | 14.7% | 34.9% | -13.7% |
| ROCE | 3.1% | 3.1% | -5.3% | 19.7% | 13.0% | 6.9% | -8.7% | -1.5% | 7.9% | 14.4% | -7.5% |
EXTR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Extreme Networks, Inc. carries a Debt/EBITDA ratio of 6.2x, which is highly leveraged (110% above the sector average of 2.9x). The company holds a net cash position — cash of $232M exceeds total debt of $223M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 1.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.41 | 3.41 | 9.89 | 2.36 | 4.04 | 7.52 | 92.58 | 1.54 | 1.75 | 0.87 | 0.62 |
| Debt / EBITDA | 6.18 | 6.18 | 20.81 | 1.74 | 2.85 | 3.53 | 11.68 | 3.60 | 2.66 | 1.70 | 1.87 |
| Net Debt / Equity | — | -0.13 | 3.70 | 0.35 | 1.89 | 2.99 | 56.66 | 0.08 | 0.68 | -0.35 | -0.43 |
| Net Debt / EBITDA | -0.23 | -0.23 | 7.77 | 0.26 | 1.33 | 1.40 | 7.15 | 0.18 | 1.03 | -0.69 | -1.30 |
| Debt / FCF | — | -0.07 | 2.50 | 0.17 | 1.51 | 1.28 | 14.84 | 0.11 | — | -0.77 | -1.54 |
| Interest Coverage | 1.27 | 1.27 | -3.56 | 6.41 | 5.08 | 1.45 | -4.07 | -1.05 | -2.58 | 1.64 | -7.89 |
Net cash position: cash ($232M) exceeds total debt ($223M)
EXTR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.91x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.00x to 0.91x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.91 | 0.91 | 0.90 | 1.00 | 0.98 | 1.07 | 1.04 | 1.24 | 1.19 | 1.27 | 1.08 |
| Quick Ratio | 0.74 | 0.74 | 0.63 | 0.85 | 0.88 | 1.00 | 0.88 | 1.06 | 1.01 | 1.09 | 0.89 |
| Cash Ratio | 0.39 | 0.39 | 0.30 | 0.41 | 0.39 | 0.54 | 0.49 | 0.48 | 0.34 | 0.51 | 0.44 |
| Asset Turnover | — | 0.99 | 1.07 | 1.15 | 1.04 | 1.00 | 0.97 | 1.32 | 1.28 | 1.24 | 1.41 |
| Inventory Turnover | 4.20 | 4.20 | 3.46 | 6.29 | 9.86 | 13.26 | 7.06 | 7.14 | 7.16 | 6.21 | 6.70 |
| Days Sales Outstanding | — | 40.57 | 29.25 | 50.63 | 60.41 | 56.58 | 47.25 | 63.93 | 78.86 | 56.82 | 56.24 |
EXTR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Extreme Networks, Inc. returns 0.9% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 2.2% | 3.7% | 0.1% | — | — | — | — | — |
| FCF Yield | 3.0% | 5.4% | 2.1% | 6.8% | 9.5% | 8.9% | 4.0% | 10.8% | — | 4.9% | 7.2% |
| Buyback Yield | 0.9% | 1.6% | 2.9% | 2.9% | 3.8% | 0.0% | 5.8% | 2.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.9% | 1.6% | 2.9% | 2.9% | 3.8% | 0.0% | 5.8% | 2.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $132M | $129M | $134M | $133M | $128M | $120M | $118M | $114M | $108M | $103M |
Peer Comparison
Compare EXTR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EXTRYou | $4B | -564.7 | 118.0 | 33.6 | 62.2% | 1.5% | -16.4% | 14.4% | 6.2 |
 ANET | $220B | 63.5 | 55.4 | 51.7 | 64.1% | 42.8% | 31.4% | 32.8% | — |
 CSCO | $479B | 47.7 | 34.1 | 36.0 | 64.9% | 20.8% | 22.1% | 13.0% | 1.9 |
 CIEN | $65B | 541.6 | 145.5 | 97.9 | 42.0% | 6.5% | 4.4% | 6.9% | 3.5 |
 NTGR | $642M | -20.6 | — | — | 36.2% | -5.1% | -6.3% | -8.4% | — |
 HPE | $64B | -1085.7 | 18.8 | 102.3 | 28.8% | 4.8% | 0.2% | 3.4% | 5.5 |
 COMM | $4B | -10.0 | 18.2 | 15.9 | 31.8% | 7.9% | — | 3.7% | 13.4 |
 RBBN | $437M | 11.3 | 9.1 | 16.8 | 47.0% | 2.4% | 9.3% | 2.1% | 5.0 |
 CALX | $2B | 144.1 | 59.5 | 21.0 | 56.8% | 2.1% | 2.2% | 2.1% | 0.7 |
 MRVL | $269B | 100.3 | 103.3 | 192.9 | 51.0% | 16.3% | 19.3% | 6.0% | 1.8 |
 AVGO | $1.9T | 82.2 | 55.9 | 69.3 | 67.8% | 39.9% | 31.0% | 14.9% | 1.9 |
| Technology Median | — | 28.3 | 16.6 | 18.8 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
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EXTR — Frequently Asked Questions
Quick answers to the most common questions about buying EXTR stock.
What is Extreme Networks, Inc.'s P/E ratio?
Extreme Networks, Inc.'s current P/E ratio is -564.7x. The historical average is 49.1x.
What is Extreme Networks, Inc.'s EV/EBITDA?
Extreme Networks, Inc.'s current EV/EBITDA is 118.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.6x.
What is Extreme Networks, Inc.'s ROE?
Extreme Networks, Inc.'s return on equity (ROE) is -16.4%. The historical average is -20.6%.
Is EXTR stock overvalued?
Based on historical data, Extreme Networks, Inc. is trading at a P/E of -564.7x. Compare with industry peers and growth rates for a complete picture.
What are Extreme Networks, Inc.'s profit margins?
Extreme Networks, Inc. has 62.2% gross margin and 1.5% operating margin.
How much debt does Extreme Networks, Inc. have?
Extreme Networks, Inc.'s Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.