F5, INC. (FFIV) closed fiscal year 2025 with a gross margin of 81.4 % and a net margin of 22.4 %.
F5, INC. (FFIV) closed fiscal year 2025 with a gross margin of 81.4 % and a net margin of 22.4 %. The same year shows an EBITDA margin of 27.8 % and an EBIT margin of 24.8 %. The free cash flow margin was 29.4 %. Against the previous year the gross margin moved +1.2 pp and the net margin +2.3 pp. Across the period the gross margin ranges between 77.1 % in 2008 and 84.1 % in 2019. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: September
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 77.08 % | 78.15 % | 80.50 % | 81.94 % | 82.85 % | 82.92 % | 82.10 % | 82.69 % | 83.10 % | 83.09 % | 83.28 % | 84.10 % | 82.65 % | 81.06 % | 79.98 % | 78.91 % | 80.20 % | 81.41 % |
| EBITDA margin (%) | 11.64 % | 22.71 % | 28.78 % | 32.26 % | 33.50 % | 31.78 % | 31.16 % | 31.54 % | 30.28 % | 29.91 % | 30.09 % | 26.18 % | 20.76 % | 19.57 % | 19.27 % | 20.80 % | 27.19 % | 27.80 % |
| EBIT margin (%) | 15.28 % | 18.67 % | 26.08 % | 30.44 % | 30.95 % | 29.08 % | 28.50 % | 28.80 % | 27.44 % | 26.98 % | 27.34 % | 23.12 % | 16.69 % | 15.13 % | 14.98 % | 16.80 % | 23.39 % | 24.80 % |
| Net margin (%) | 11.43 % | 14.02 % | 17.14 % | 20.96 % | 19.98 % | 18.72 % | 17.97 % | 19.01 % | 18.34 % | 20.13 % | 20.99 % | 19.07 % | 13.08 % | 12.72 % | 11.95 % | 14.04 % | 20.13 % | 22.42 % |
| FCF margin (%) | 25.50 % | 29.14 % | 34.13 % | 33.55 % | 33.80 % | 31.94 % | 30.38 % | 32.52 % | 32.48 % | 33.57 % | 32.74 % | 28.73 % | 25.56 % | 23.61 % | 15.17 % | 21.30 % | 27.06 % | 29.35 % |
