NASDAQ : NTCT
NetScout Systems, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 38.37 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.79B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
NetScout Systems, Inc. (NTCT) reported revenue of 883.16M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 883.16M | 859.48M | 822.68M | 829.46M | 914.53M | 855.58M |
| Cost of Revenue | 178.06M | 176.99M | 178.74M | 187.41M | 223.10M | 214.19M |
| Gross Profit | 705.10M | 682.49M | 643.94M | 642.04M | 691.43M | 641.39M |
| Selling, General & Admin | 367.74M | 366.76M | 364.77M | 371.25M | 379.95M | 360.78M |
| Research & Development | 162.03M | 159.46M | 152.86M | 161.21M | 176.17M | 171.13M |
| Amortization of Goodwill & Intangibles | 44.09M | 44.60M | 46.44M | 50.34M | 55.39M | 59.74M |
| Operating Expenses | 573.86M | 570.83M | 564.08M | 582.79M | 611.51M | 591.65M |
| Operating Income | 131.25M | 111.67M | 79.86M | 59.25M | 79.92M | 49.73M |
| Interest Expense | -1.72M | -1.71M | -7.16M | -8.65M | -10.25M | -8.05M |
| Interest & Investment Income | 14.95M | 13.83M | 10.74M | 9.60M | 4.92M | 297.00K |
| Currency Exchange Gain (Loss) | -4.60M | -3.60M | -2.00M | -1.90M | -2.80M | -200.00K |
| Other Non Operating Income (Expenses) | 4.30M | 1.16M | -168.00K | 765.00K | -1.12M | 1.97M |
| EBT Excluding Unusual Items | 144.17M | 121.35M | 81.27M | 59.06M | 70.67M | 43.75M |
| Merger & Restructuring Charges | -379.00K | -883.00K | -20.50M | -1.78M | ||
| Impairment of Goodwill | -426.97M | -217.26M | ||||
| Gain (Loss) on Sale of Investments | -3.50M | -1.00M | 400.00K | 5.50M | ||
| Gain (Loss) on Sale of Assets | 3.81M | |||||
| Legal Settlements | 4.38M | -476.00K | -1.10M | |||
| Other Unusual Items | -959.00K | 241.00K | ||||
| Pretax Income | 140.29M | 118.51M | -365.79M | -144.51M | 68.42M | 42.89M |
| Income Tax Expense | 19.25M | 22.98M | 1.13M | 3.22M | 8.77M | 7.02M |
| Net Income | 121.05M | 95.53M | -366.92M | -147.73M | 59.65M | 35.87M |
| Net Income to Common | 121.05M | 95.53M | -366.92M | -147.73M | 59.65M | 35.87M |
| Shares Outstanding (Basic) | 72.00M | 71.98M | 71.63M | 71.47M | 71.78M | 74.02M |
| Shares Outstanding (Diluted) | 74.07M | 73.36M | 71.63M | 71.47M | 73.05M | 75.08M |
| EPS (Basic) | 1.68 | 1.33 | -5.12 | -2.07 | 0.83 | 0.48 |
| EPS (Diluted) | 1.63 | 1.30 | -5.12 | -2.07 | 0.82 | 0.48 |
| Free Cash Flow | 261.03M | 285.43M | 212.26M | 52.45M | 146.17M | 285.66M |
| Free Cash Flow Per Share | 3.52 | 3.89 | 2.96 | 0.73 | 2.00 | 3.81 |
| Gross Margin | 79.84% | 79.41% | 78.27% | 77.41% | 75.61% | 74.97% |
| Operating Margin | 14.86% | 12.99% | 9.71% | 7.14% | 8.74% | 5.81% |
| Profit Margin | 13.71% | 11.12% | -44.60% | -17.81% | 6.52% | 4.19% |
| Free Cash Flow Margin | 29.56% | 33.21% | 25.80% | 6.32% | 15.98% | 33.39% |
| EBITDA | 187.76M | 168.20M | 143.65M | 134.23M | 165.84M | 145.52M |
| EBITDA Margin | 21.26% | 19.57% | 17.46% | 16.18% | 18.13% | 17.01% |
| D&A For EBITDA | 56.51M | 56.53M | 63.79M | 74.99M | 85.92M | 95.78M |
| EBIT | 131.25M | 111.67M | 79.86M | 59.25M | 79.92M | 49.73M |
| EBIT Margin | 14.86% | 12.99% | 9.71% | 7.14% | 8.74% | 5.81% |
| Effective Tax Rate | 13.72% | 19.39% | 12.81% | 16.36% | ||
| Revenue as Reported | 883.16M | 859.48M | 822.68M | 829.46M | 914.53M | 855.58M |
| Advertising Expenses | 4.30M | 4.90M | 6.80M | 10.20M | 11.40M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 552.83M | 586.50M | 457.42M | 389.67M | 386.79M | 636.16M |
| Short-Term Investments | 76.58M | 81.46M | 34.06M | 33.46M | 32.20M | 67.04M |
| Cash & Short-Term Investments | 629.41M | 667.96M | 491.47M | 423.13M | 419.00M | 703.20M |
| Accounts Receivable | 79.97M | 151.47M | 163.65M | 192.10M | 143.85M | 148.25M |
| Receivables | 79.97M | 151.47M | 163.65M | 192.10M | 143.85M | 148.25M |
| Inventory | 20.91M | 13.32M | 12.89M | 14.10M | 17.96M | 28.22M |
| Prepaid Expenses | 18.56M | 22.25M | 26.19M | 27.28M | 29.56M | 28.31M |
| Other Current Assets | 23.41M | 12.88M | 18.98M | 15.89M | 6.99M | 13.97M |
| Total Current Assets | 772.26M | 867.88M | 713.18M | 672.49M | 617.36M | 921.94M |
| Property, Plant & Equipment | 62.18M | 59.11M | 59.25M | 68.97M | 86.19M | 96.33M |
| Long-Term Investments | 39.06M | 37.19M | 1.00M | 994.00K | 8.94M | |
| Goodwill | 1.10B | 1.07B | 1.08B | 1.50B | 1.72B | 1.72B |
| Other Intangible Assets | 226.73M | 214.29M | 258.69M | 308.66M | 366.59M | 433.42M |
| Long-Term Deferred Tax Assets | 99.22M | 93.73M | 66.29M | 30.77M | 4.53M | 6.88M |
| Long-Term Deferred Charges | 7.30M | 6.80M | 4.50M | 4.50M | 4.70M | 4.20M |
| Other Long-Term Assets | 7.49M | 4.91M | 7.28M | 6.09M | 7.84M | 8.78M |
| Total Assets | 2.31B | 2.35B | 2.19B | 2.60B | 2.82B | 3.19B |
| Accounts Payable | 23.54M | 23.49M | 18.21M | 14.51M | 16.47M | 21.96M |
| Accrued Expenses | 74.31M | 104.27M | 76.04M | 65.95M | 109.51M | 103.27M |
| Current Portion of Leases | 10.84M | 9.87M | 10.99M | 11.98M | 11.65M | 11.41M |
| Current Income Taxes Payable | 805.00K | 1.66M | 883.00K | 764.00K | 4.39M | 4.35M |
| Current Unearned Revenue | 313.33M | 330.60M | 301.75M | 301.81M | 311.53M | 330.58M |
| Other Current Liabilities | 306.00K | 258.00K | 55.00K | 74.00K | 49.00K | 4.58M |
| Total Current Liabilities | 423.12M | 470.15M | 407.93M | 395.08M | 453.61M | 476.16M |
| Long-Term Debt | 100.00M | 100.00M | 350.00M | |||
| Long-Term Leases | 29.14M | 29.72M | 32.51M | 38.10M | 48.82M | 53.93M |
| Long-Term Unearned Revenue | 159.00M | 168.26M | 147.51M | 130.21M | 129.81M | 133.12M |
| Pension & Post-Retirement Benefits | 27.94M | 28.34M | 27.38M | 28.41M | 26.05M | 34.74M |
| Long-Term Deferred Tax Liabilities | 2.19M | 2.23M | 2.64M | 4.37M | 24.94M | 78.90M |
| Other Long-Term Liabilities | 6.43M | 6.57M | 8.21M | 7.05M | 7.68M | 7.47M |
| Total Liabilities | 647.81M | 705.26M | 626.18M | 703.24M | 790.91M | 1.13B |
| Common Stock | 138.00K | 136.00K | 134.00K | 131.00K | 128.00K | 126.00K |
| Additional Paid-In Capital | 3.34B | 3.33B | 3.26B | 3.18B | 3.10B | 3.02B |
| Retained Earnings | 72.92M | 51.09M | -44.44M | 322.48M | 470.21M | 410.56M |
| Treasury Stock | -1.76B | -1.73B | -1.65B | -1.62B | -1.55B | -1.37B |
| Comprehensive Income & Other | 3.89M | 4.03M | 4.07M | 3.57M | 5.74M | 141.00K |
| Shareholders' Equity | 1.66B | 1.65B | 1.56B | 1.89B | 2.03B | 2.06B |
| Total Liabilities & Equity | 2.31B | 2.35B | 2.19B | 2.60B | 2.82B | 3.19B |
| Total Debt | 39.98M | 39.59M | 43.50M | 150.08M | 160.47M | 415.34M |
| Net Cash (Debt) | 628.49M | 665.55M | 448.97M | 274.05M | 267.47M | 287.86M |
| Net Cash Per Share | 8.48 | 9.07 | 6.27 | 3.83 | 3.66 | 3.83 |
| Filing Date Shares Outstanding | 72.71M | 71.50M | 71.33M | 71.42M | 71.25M | 74.12M |
| Total Common Shares Outstanding | 72.70M | 71.46M | 72.06M | 71.40M | 71.25M | 74.10M |
| Working Capital | 349.14M | 397.73M | 305.25M | 277.41M | 163.75M | 445.78M |
| Book Value Per Share | 22.88 | 23.08 | 21.65 | 26.50 | 28.49 | 27.80 |
| Tangible Book Value | 339.70M | 364.37M | 225.32M | 80.59M | -61.35M | -96.18M |
| Tangible Book Value Per Share | 4.67 | 5.10 | 3.13 | 1.13 | -0.86 | -1.30 |
| Machinery | 209.26M | 200.68M | 197.38M | 201.95M | 194.93M | |
| Leasehold Improvements | 52.10M | 52.17M | 52.12M | 54.86M | 54.44M | |
| Order Backlog | 50.80M | 33.10M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 121.05M | 95.53M | -366.92M | -147.73M | 59.65M | 35.87M |
| Depreciation & Amortization | 56.44M | 56.53M | 63.79M | 74.99M | 85.92M | 95.78M |
| Loss (Gain) From Sale of Assets | 37.00K | 38.00K | 6.00K | -3.50M | 48.00K | -6.00K |
| Asset Writedown & Restructuring Costs | 426.97M | 217.26M | ||||
| Loss (Gain) From Sale of Investments | 2.97M | 988.00K | -393.00K | -5.45M | ||
| Stock-Based Compensation | 57.95M | 59.95M | 64.78M | 70.80M | 61.99M | 56.07M |
| Other Operating Activities | -15.74M | -18.29M | -26.03M | -35.62M | -42.05M | -2.63M |
| Change in Accounts Receivable | 19.66M | 12.45M | 28.66M | -48.38M | 4.90M | 49.32M |
| Change in Inventory | -8.75M | -2.19M | 128.00K | 609.00K | 9.01M | -8.00M |
| Change in Accounts Payable | 8.77M | 4.72M | 3.24M | -1.86M | -5.55M | 4.21M |
| Change in Unearned Revenue | 21.57M | 49.15M | 17.32M | -7.18M | -22.60M | 91.14M |
| Change in Income Taxes | -205.00K | 1.22M | 83.00K | -3.62M | 165.00K | -3.09M |
| Change in Other Net Operating Assets | 8.00M | 34.44M | 6.03M | -51.49M | 5.18M | -22.67M |
| Operating Cash Flow | 271.76M | 294.54M | 217.67M | 58.81M | 156.65M | 296.01M |
| Capital Expenditures | -10.72M | -9.11M | -5.41M | -6.36M | -10.48M | -10.35M |
| Cash Acquisitions | -55.00M | |||||
| Divestitures | 7.77M | |||||
| Sale (Purchase) of Intangibles | -2.95M | -1.29M | -161.00K | -50.00K | ||
| Investment in Securities | -64.72M | -83.72M | -299.00K | 11.95M | 25.95M | -57.80M |
| Other Investing Activities | -155.00K | |||||
| Investing Cash Flow | -133.39M | -92.83M | -7.00M | 13.36M | 15.30M | -68.35M |
| Long-Term Debt Issued | 75.00M | 350.00M | ||||
| Long-Term Debt Repaid | -175.00M | -250.00M | -350.00M | |||
| Net Debt Issued (Repaid) | -100.00M | -250.00M | ||||
| Issuance of Common Stock | 3.00K | 2.00K | 3.00K | 3.00K | 2.00K | 2.00K |
| Repurchase of Common Stock | -73.25M | -76.69M | -39.22M | -69.36M | -169.43M | -51.34M |
| Other Financing Activities | -2.79M | -2.82M | ||||
| Financing Cash Flow | -73.25M | -76.69M | -142.01M | -69.35M | -419.43M | -54.16M |
| Foreign Exchange Rate Adjustments | -1.86M | 4.07M | -922.00K | 63.00K | -1.89M | -4.51M |
| Net Cash Flow | 63.26M | 129.08M | 67.74M | 2.88M | -249.37M | 168.99M |
| Free Cash Flow | 261.03M | 285.43M | 212.26M | 52.45M | 146.17M | 285.66M |
| Free Cash Flow Margin | 29.56% | 33.21% | 25.80% | 6.32% | 15.98% | 33.39% |
| Free Cash Flow Per Share | 3.52 | 3.89 | 2.96 | 0.73 | 2.00 | 3.81 |
| Levered Free Cash Flow | 226.41M | 261.22M | 208.80M | 61.19M | 178.39M | 260.62M |
| Unlevered Free Cash Flow | 227.49M | 262.28M | 213.27M | 66.60M | 184.80M | 265.65M |
| Cash Interest Paid | 4.19M | 6.43M | 8.06M | 4.96M | ||
| Cash Income Tax Paid | 46.41M | 42.72M | 41.80M | 62.32M | 55.92M | 31.70M |
| Change in Working Capital | 49.05M | 99.79M | 55.47M | -111.92M | -8.90M | 110.92M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.77B | 2.30B | 1.51B | 1.55B | 2.03B | 2.37B |
| Enterprise Value | 2.14B | 1.75B | 1.20B | 1.37B | 1.88B | 2.23B |
| Last Close Price | 38.37 | 31.79 | 21.01 | 21.84 | 28.65 | 32.08 |
| PE Ratio | 23.43 | 24.03 | 34.08 | 66.02 | ||
| Forward PE | 14.10 | 13.00 | 9.77 | 10.60 | 14.18 | 19.68 |
| PS Ratio | 3.13 | 2.67 | 1.83 | 1.87 | 2.22 | 2.77 |
| PB Ratio | 1.68 | 1.39 | 0.97 | 0.82 | 1.00 | 1.15 |
| P/TBV Ratio | 8.14 | 6.30 | 6.69 | 19.25 | ||
| P/FCF Ratio | 10.60 | 8.04 | 7.10 | 29.58 | 13.91 | 8.29 |
| P/OCF Ratio | 10.18 | 7.79 | 6.93 | 26.38 | 12.98 | 8.00 |
| PEG Ratio | 1.00 | 1.00 | 1.25 | 1.50 | 1.50 | |
| EV/Sales Ratio | 2.42 | 2.04 | 1.46 | 1.66 | 2.05 | 2.61 |
| EV/EBITDA Ratio | 11.38 | 10.41 | 8.34 | 10.24 | 11.32 | 15.34 |
| EV/EBIT Ratio | 16.28 | 15.69 | 14.99 | 23.19 | 23.49 | 44.88 |
| EV/FCF Ratio | 8.19 | 6.14 | 5.64 | 26.20 | 12.84 | 7.81 |
| Debt / Equity Ratio | 0.02 | 0.02 | 0.03 | 0.08 | 0.08 | 0.20 |
| Debt / EBITDA Ratio | 0.20 | 0.21 | 0.27 | 0.99 | 0.87 | 2.50 |
| Debt / FCF Ratio | 0.15 | 0.14 | 0.20 | 2.86 | 1.10 | 1.45 |
| Net Debt / Equity Ratio | -0.38 | -0.40 | -0.29 | -0.14 | -0.13 | -0.14 |
| Net Debt / EBITDA Ratio | -3.35 | -3.96 | -3.12 | -2.04 | -1.61 | -1.98 |
| Net Debt / FCF Ratio | -2.41 | -2.33 | -2.12 | -5.22 | -1.83 | -1.01 |
| Asset Turnover | 0.40 | 0.38 | 0.34 | 0.31 | 0.30 | 0.27 |
| Inventory Turnover | 10.49 | 13.50 | 13.25 | 11.70 | 9.66 | 8.39 |
| Quick Ratio | 1.68 | 1.74 | 1.61 | 1.56 | 1.24 | 1.79 |
| Current Ratio | 1.82 | 1.85 | 1.75 | 1.70 | 1.36 | 1.94 |
| Return on Equity (ROE) | 7.54% | 5.95% | -21.26% | -7.53% | 2.92% | 1.76% |
| Return on Assets (ROA) | 3.67% | 3.07% | 2.09% | 1.37% | 1.66% | 0.99% |
| Return on Invested Capital (ROIC) | 10.81% | 8.44% | 5.85% | 3.50% | 3.93% | 2.23% |
| Return on Capital Employed (ROCE) | 7.00% | 5.90% | 4.50% | 2.70% | 3.40% | 1.80% |
| Earnings Yield | 4.27% | 4.16% | -24.34% | -9.52% | 2.93% | 1.52% |
| FCF Yield | 9.44% | 12.43% | 14.08% | 3.38% | 7.19% | 12.06% |
| Buyback Yield / Dilution | -3.32% | -2.41% | -0.21% | 2.15% | 2.71% | -1.71% |