27 years of historical data (1999–2025) · Technology · Software - Infrastructure
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NetScout Systems, 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 18.9x P/FCF, 34% above the 5-year average of 14.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.0B | $1.5B | $1.6B | $2.1B | $2.4B | $2.1B | $1.8B | $2.2B | $2.3B | $3.5B | $1.9B |
| Enterprise Value | $3.6B | $1.1B | $1.3B | $1.9B | $2.2B | $2.0B | $2.0B | $2.3B | $2.6B | $3.5B | $2.0B |
| P/E Ratio → | -5.77 | — | — | 34.94 | 66.83 | 108.31 | — | — | 29.28 | 105.42 | — |
| P/S Ratio | 4.84 | 1.85 | 1.88 | 2.29 | 2.82 | 2.50 | 1.99 | 2.43 | 2.36 | 3.03 | 1.97 |
| P/B Ratio | 1.36 | 0.98 | 0.83 | 1.03 | 1.17 | 1.04 | 0.92 | 1.07 | 1.12 | 1.45 | 0.77 |
| P/FCF | 18.88 | 7.23 | 29.75 | 14.33 | 8.43 | 10.53 | 8.67 | 17.47 | 11.30 | 18.02 | 28.99 |
| P/OCF | 18.30 | 7.00 | 26.54 | 13.36 | 8.14 | 9.72 | 7.91 | 14.73 | 10.45 | 15.48 | 19.75 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.35 | 1.59 | 2.04 | 2.56 | 2.45 | 2.21 | 2.58 | 2.59 | 3.03 | 2.06 |
| EV / EBITDA | — | — | — | 10.79 | 15.15 | 14.24 | 14.74 | 36.57 | 17.32 | 15.80 | 17.21 |
| EV / EBIT | — | — | — | 23.73 | 42.95 | 61.33 | 87.54 | — | — | 57.38 | — |
| EV / FCF | — | 5.26 | 25.18 | 12.78 | 7.66 | 10.31 | 9.61 | 18.58 | 12.42 | 18.00 | 30.37 |
Margins and return-on-capital ratios measuring operating efficiency
NetScout Systems, Inc. earns an operating margin of -44.7%. Operating margins have compressed from 8.5% to -44.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -21.3% indicates the company is currently destroying shareholder equity.
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 | 78.3% | 78.3% | 77.4% | 75.6% | 75.0% | 73.3% | 72.8% | 72.1% | 72.4% | 70.2% | 65.6% |
| Operating Margin | -44.7% | -44.7% | -18.1% | 8.5% | 5.7% | 4.5% | 2.0% | -7.9% | -0.4% | 5.3% | -2.7% |
| Net Profit Margin | -44.6% | -44.6% | -17.8% | 6.5% | 4.2% | 2.3% | -0.3% | -8.1% | 8.1% | 2.9% | -3.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -21.3% | -21.3% | -7.5% | 2.9% | 1.8% | 1.0% | -0.1% | -3.5% | 3.5% | 1.4% | -2.0% |
| ROA | -15.3% | -15.3% | -5.5% | 2.0% | 1.1% | 0.6% | -0.1% | -2.2% | 2.3% | 0.9% | -1.3% |
| ROIC | -19.7% | -19.7% | -6.5% | 3.2% | 1.9% | 1.4% | 0.6% | -2.4% | -0.1% | 1.9% | -1.3% |
| ROCE | -18.5% | -18.5% | -6.6% | 3.1% | 1.8% | 1.4% | 0.6% | -2.4% | -0.1% | 2.0% | -1.4% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $457M exceeds total debt of $44M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.08 | 0.08 | 0.20 | 0.21 | 0.27 | 0.27 | 0.29 | 0.12 | 0.12 |
| Debt / EBITDA | — | — | — | 0.93 | 2.88 | 2.96 | 3.97 | 8.57 | 4.07 | 1.35 | 2.62 |
| Net Debt / Equity | — | -0.27 | -0.13 | -0.11 | -0.11 | -0.02 | 0.10 | 0.07 | 0.11 | -0.00 | 0.04 |
| Net Debt / EBITDA | — | — | — | -1.31 | -1.53 | -0.30 | 1.44 | 2.19 | 1.56 | -0.02 | 0.78 |
| Debt / FCF | — | -1.96 | -4.57 | -1.55 | -0.77 | -0.22 | 0.94 | 1.11 | 1.12 | -0.02 | 1.38 |
| Interest Coverage | -51.34 | -51.34 | -17.32 | 7.58 | 6.04 | 3.41 | 0.86 | -2.74 | -0.32 | 6.76 | -4.04 |
Net cash position: cash ($457M) exceeds total debt ($44M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.75x means NetScout Systems, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.36x to 1.75x 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 | 1.75 | 1.75 | 1.70 | 1.36 | 1.94 | 1.76 | 1.65 | 2.11 | 1.82 | 1.86 | 1.62 |
| Quick Ratio | 1.72 | 1.72 | 1.67 | 1.32 | 1.89 | 1.71 | 1.60 | 2.04 | 1.74 | 1.77 | 1.49 |
| Cash Ratio | 1.20 | 1.20 | 1.07 | 0.92 | 1.48 | 1.16 | 0.97 | 1.28 | 1.08 | 0.96 | 0.74 |
| Asset Turnover | — | 0.38 | 0.32 | 0.32 | 0.27 | 0.27 | 0.29 | 0.28 | 0.29 | 0.32 | 0.27 |
| Inventory Turnover | 16.09 | 16.09 | 13.30 | 12.71 | 10.09 | 11.46 | 11.26 | 9.67 | 7.82 | 8.65 | 5.66 |
| Days Sales Outstanding | — | 72.61 | 84.53 | 57.41 | 63.24 | 86.81 | 87.39 | 94.39 | 78.95 | 92.46 | 94.44 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NetScout Systems, Inc. returns 0.6% to shareholders annually primarily through share buybacks.
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 | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 2.9% | 1.5% | 0.9% | — | — | 3.4% | 0.9% | — |
| FCF Yield | 5.3% | 13.8% | 3.4% | 7.0% | 11.9% | 9.5% | 11.5% | 5.7% | 8.9% | 5.5% | 3.4% |
| Buyback Yield | 0.6% | 1.7% | 3.2% | 7.2% | 1.5% | 0.2% | 9.8% | 0.7% | 21.6% | 2.5% | 16.6% |
| Total Shareholder Yield | 0.6% | 1.7% | 3.2% | 7.2% | 1.5% | 0.2% | 9.8% | 0.7% | 21.6% | 2.5% | 16.6% |
| Shares Outstanding | — | $73M | $71M | $73M | $75M | $74M | $75M | $79M | $88M | $93M | $82M |
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 | $4B | -5.8 | — | 18.9 | 78.3% | -44.7% | -21.3% | -19.7% | — |
| PANW | $105B | 93.1 | 64.8 | 30.2 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
| CRWD | $94B | -4726.6 | 964.8 | 87.8 | 74.9% | -3.0% | -0.7% | — | 8.4 |
| FTNT | $59B | 32.5 | 25.6 | 26.4 | 80.8% | 30.6% | 135.7% | — | 0.4 |
| ZS | $24B | -544.4 | — | 32.5 | 76.9% | -4.8% | -2.7% | -8.4% | — |
| CYBR | $21B | -139.5 | 908.2 | 79.6 | 74.3% | -7.7% | -6.2% | -3.2% | 52.3 |
| CHKP | $16B | 20.4 | 16.7 | 16.0 | 87.6% | 34.2% | 30.1% | 28.6% | 0.0 |
| GEN | $14B | 21.9 | 10.5 | 11.5 | 80.3% | 40.9% | 29.2% | 12.4% | 4.1 |
| RBRK | $10B | -6.9 | — | 331.8 | 70.0% | -127.9% | — | — | — |
| SAIL | $8B | -7.1 | 182.3 | — | 64.5% | -21.9% | — | — | 21.6 |
| QLYS | $3B | 19.9 | 15.2 | 14.3 | 81.7% | 30.8% | 41.1% | 57.8% | 0.2 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 27 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how NTCT stacks up against sector leader Palo Alto Networks, Inc..
Start ComparisonNetScout Systems, Inc.'s current P/E ratio is -5.8x. The historical average is 43.4x.
NetScout Systems, Inc.'s return on equity (ROE) is -21.3%. The historical average is 4.1%.
Based on historical data, NetScout Systems, Inc. is trading at a P/E of -5.8x. Compare with industry peers and growth rates for a complete picture.
NetScout Systems, Inc. has 78.3% gross margin and -44.7% operating margin.