NetScout Systems, Inc. (NTCT) Financial Ratios
28 years of historical data (1999–2026) · Technology · Software - Infrastructure
EV/EBITDA
↓
13.61
+11% vs avg
5yr avg: 12.30
30Y Low4.8·High98.4
P/FCF
↓
9.94
↓-27% vs avg
5yr avg: 13.55
30Y Low7.2·High83.4
P/B Ratio
↑
1.73
↑+60% vs avg
5yr avg: 1.08
30Y Low0.8·High5.6
ROE
↑
6.0%
↓+264% vs avg
5yr avg: -3.6%
30Y Low-21%·High45%
Debt/EBITDA
↓
0.24
↓-85% vs avg
5yr avg: 1.56
30Y Low0.0·High26.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NTCT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NetScout Systems, Inc. trades at 30.5x earnings, 27% below its 5-year average of 42.1x, sitting at the 44th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 5%. On a free-cash-flow basis, the stock trades at 9.9x P/FCF, 27% below the 5-year average of 13.5x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $2.3B | $1.5B | $1.6B | $2.1B | $2.4B | $2.1B | $1.8B | $2.2B | $2.3B | $3.5B |
| Enterprise Value | $2.3B | $1.7B | $1.1B | $1.4B | $1.9B | $2.2B | $2.1B | $2.0B | $2.3B | $2.6B | $3.5B |
| P/E Ratio → | 30.52 | 24.45 | — | — | 34.94 | 66.83 | 108.31 | — | — | 29.28 | 105.42 |
| P/S Ratio | 3.30 | 2.65 | 1.85 | 1.88 | 2.29 | 2.82 | 2.50 | 1.99 | 2.43 | 2.36 | 3.03 |
| P/B Ratio | 1.73 | 1.38 | 0.98 | 0.83 | 1.03 | 1.17 | 1.04 | 0.92 | 1.07 | 1.12 | 1.45 |
| P/FCF | 9.94 | 7.99 | 7.23 | 29.75 | 14.33 | 8.43 | 10.53 | 8.67 | 17.47 | 11.30 | 18.02 |
| P/OCF | 9.63 | 7.74 | 7.00 | 26.54 | 13.36 | 8.14 | 9.72 | 7.91 | 14.73 | 10.45 | 15.48 |
P/E links to full P/E history page with 30-year chart
NTCT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
NetScout Systems, Inc.'s enterprise value stands at 13.6x EBITDA, 11% above its 5-year average of 12.3x. The Technology sector median is 16.7x, placing the stock at a 19% discount on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.02 | 1.39 | 1.63 | 2.09 | 2.62 | 2.52 | 2.29 | 2.58 | 2.59 | 3.03 |
| EV / EBITDA | 13.61 | 10.31 | — | — | 11.07 | 15.52 | 14.67 | 15.26 | 36.57 | 17.31 | 15.80 |
| EV / EBIT | 20.50 | 15.52 | — | — | 24.35 | 44.01 | 63.18 | 90.60 | — | — | 57.38 |
| EV / FCF | — | 6.07 | 5.42 | 25.80 | 13.12 | 7.85 | 10.62 | 9.95 | 18.58 | 12.41 | 18.00 |
NTCT Profitability
Margins and return-on-capital ratios measuring operating efficiency
NetScout Systems, Inc. earns an operating margin of 13.0%. Operating margins have expanded from -18.1% to 13.0% over the past 3 years, signaling improving operational efficiency. ROE of 6.0% is modest. ROIC of 7.3% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.2% | 74.2% | 78.3% | 77.4% | 75.6% | 75.0% | 73.3% | 72.8% | 72.1% | 72.4% | 70.2% |
| Operating Margin | 13.0% | 13.0% | -44.7% | -18.1% | 8.5% | 5.7% | 4.5% | 2.0% | -7.9% | -0.4% | 5.3% |
| Net Profit Margin | 11.1% | 11.1% | -44.6% | -17.8% | 6.5% | 4.2% | 2.3% | -0.3% | -8.1% | 8.1% | 2.9% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.0% | 6.0% | -21.3% | -7.5% | 2.9% | 1.8% | 1.0% | -0.1% | -3.5% | 3.5% | 1.4% |
| ROA | 4.2% | 4.2% | -15.3% | -5.5% | 2.0% | 1.1% | 0.6% | -0.1% | -2.2% | 2.3% | 0.9% |
| ROIC | 7.3% | 7.3% | -19.3% | -6.4% | 3.1% | 1.9% | 1.3% | 0.6% | -2.4% | -0.1% | 1.9% |
| ROCE | 6.1% | 6.1% | -18.5% | -6.6% | 3.1% | 1.8% | 1.4% | 0.6% | -2.4% | -0.1% | 2.0% |
NTCT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
NetScout Systems, Inc. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (92% below the sector average of 2.9x). The company holds a net cash position — cash of $586M exceeds total debt of $40M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.05 | 0.10 | 0.10 | 0.23 | 0.24 | 0.31 | 0.27 | 0.29 | 0.12 |
| Debt / EBITDA | 0.24 | 0.24 | — | — | 1.21 | 3.25 | 3.39 | 4.50 | 8.57 | 4.07 | 1.35 |
| Net Debt / Equity | — | -0.33 | -0.24 | -0.11 | -0.09 | -0.08 | 0.01 | 0.13 | 0.07 | 0.11 | -0.00 |
| Net Debt / EBITDA | -3.25 | -3.25 | — | — | -1.03 | -1.16 | 0.12 | 1.95 | 2.18 | 1.55 | -0.02 |
| Debt / FCF | — | -1.92 | -1.81 | -3.95 | -1.22 | -0.58 | 0.09 | 1.27 | 1.11 | 1.11 | -0.02 |
| Interest Coverage | — | — | -50.09 | -15.70 | 7.68 | 6.33 | 3.05 | 1.09 | -2.55 | -0.48 | 6.68 |
Net cash position: cash ($586M) exceeds total debt ($40M)
NTCT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.85x means NetScout Systems, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.70x to 1.85x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.85 | 1.85 | 1.75 | 1.70 | 1.36 | 1.94 | 1.76 | 1.65 | 2.11 | 1.82 | 1.86 |
| Quick Ratio | 1.82 | 1.82 | 1.72 | 1.67 | 1.32 | 1.89 | 1.71 | 1.60 | 2.04 | 1.74 | 1.77 |
| Cash Ratio | 1.42 | 1.42 | 1.20 | 1.07 | 0.92 | 1.48 | 1.16 | 0.97 | 1.28 | 1.09 | 0.96 |
| Asset Turnover | — | 0.37 | 0.38 | 0.32 | 0.32 | 0.27 | 0.27 | 0.29 | 0.28 | 0.29 | 0.32 |
| Inventory Turnover | 16.64 | 16.64 | 16.09 | 13.30 | 12.71 | 10.09 | 11.46 | 11.26 | 9.67 | 7.82 | 8.65 |
| Days Sales Outstanding | — | 64.33 | 72.61 | 84.53 | 57.41 | 63.24 | 86.81 | 87.39 | 94.39 | 78.95 | 92.46 |
NTCT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NetScout Systems, Inc. returns 2.7% to shareholders annually primarily through share buybacks. The earnings yield of 3.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 4.1% | — | — | 2.9% | 1.5% | 0.9% | — | — | 3.4% | 0.9% |
| FCF Yield | 10.1% | 12.5% | 13.8% | 3.4% | 7.0% | 11.9% | 9.5% | 11.5% | 5.7% | 8.9% | 5.5% |
| Buyback Yield | 2.7% | 3.4% | 1.7% | 3.2% | 7.2% | 1.5% | 0.2% | 9.8% | 0.7% | 21.6% | 2.5% |
| Total Shareholder Yield | 2.7% | 3.4% | 1.7% | 3.2% | 7.2% | 1.5% | 0.2% | 9.8% | 0.7% | 21.6% | 2.5% |
| Shares Outstanding | — | $72M | $73M | $71M | $73M | $75M | $74M | $75M | $79M | $88M | $93M |
Peer Comparison
Compare NTCT 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 |
|---|---|---|---|---|---|---|---|---|---|
 NTCTYou | $3B | 30.5 | 13.6 | 9.9 | 74.2% | 13.0% | 6.0% | 7.3% | 0.2 |
 VIAV | $11B | 314.5 | 83.7 | 176.0 | 56.8% | 6.5% | 4.8% | 5.5% | 5.2 |
 NTNX | $13B | 72.2 | 54.6 | 16.9 | 86.8% | 6.8% | — | 688.9% | 6.0 |
 FTNT | $107B | 59.6 | 47.3 | 48.1 | 80.8% | 30.6% | 135.7% | — | 0.4 |
 PANW | $196B | 179.9 | 122.4 | 56.5 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
 RDWR | $1B | 60.2 | 46.8 | 28.1 | 80.7% | 3.8% | 5.4% | 3.0% | 0.7 |
 QLYS | $4B | 20.5 | 15.9 | 12.9 | 82.8% | 33.2% | 38.2% | 47.5% | 0.4 |
 VRNT | $1B | 19.7 | 9.5 | 8.7 | 71.3% | 11.7% | 6.3% | 5.3% | 2.9 |
 NFLX | $328B | 30.6 | 11.1 | 34.7 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
 CSCO | $471B | 46.9 | 33.6 | 35.5 | 64.9% | 20.8% | 22.1% | 13.0% | 1.9 |
 ANET | $214B | 61.7 | 53.9 | 50.2 | 64.1% | 42.8% | 31.4% | 32.8% | — |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 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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NTCT — Frequently Asked Questions
Quick answers to the most common questions about buying NTCT stock.
What is NetScout Systems, Inc.'s P/E ratio?
NetScout Systems, Inc.'s current P/E ratio is 30.5x. The historical average is 42.4x. This places it at the 44th percentile of its historical range.
What is NetScout Systems, Inc.'s EV/EBITDA?
NetScout Systems, Inc.'s current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.2x.
What is NetScout Systems, Inc.'s ROE?
NetScout Systems, Inc.'s return on equity (ROE) is 6.0%. The historical average is 4.1%.
Is NTCT stock overvalued?
Based on historical data, NetScout Systems, Inc. is trading at a P/E of 30.5x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are NetScout Systems, Inc.'s profit margins?
NetScout Systems, Inc. has 74.2% gross margin and 13.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does NetScout Systems, Inc. have?
NetScout Systems, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.