stockrowNetScout Systems, Inc.
NTCT Technology Software Infrastructure
NetScout Systems, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $859.5 million, up 4.47% from fiscal 2025.
- Revenue
- +12.7%
- EPS
- +700.0%
- Free cash flow
- −38.2%
Quarter to June 2026, against a year earlier
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NetScout Systems, Inc. (NTCT) Altman Z-score
NetScout Systems, Inc.'s Altman Z-score for fiscal 2026 is 2.70, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.70 | 1.30 |
| FY2025 | 1.40 | (0.36) |
| FY2024 | 1.76 | (0.52) |
| FY2023 | 2.28 | 0.36 |
| FY2022 | 1.92 | 0.18 |
| FY2021 | 1.74 | 0.28 |
| FY2020 | 1.47 | (0.15) |
| FY2019 | 1.61 | (0.02) |
| FY2018 | 1.64 | (0.80) |
| FY2017 | 2.44 | 1.01 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.17 | — | 0.20 | |
| Retained earnings / total assets | 0.02 | — | 0.03 | |
| EBIT / total assets | 0.05 | — | 0.15 | |
| Market value of equity / total liabilities | 3.24 | — | 1.95 | |
| Sales / total assets | 0.37 | — | 0.37 | |
| Altman Z-score | Grey zone | 2.70 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.95 | ||
Z and Z″ put NetScout Systems, Inc. in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| TCGL TechCreate Group Ltd. compare | 88.8× |
| CLBT Cellebrite DI Ltd. compare | 6.6× |
| FLYW Flywire Corporation compare | 3.0× |
| NTCT NetScout Systems, Inc. | 2.7× |
| EEFT Euronet Worldwide, Inc. compare | 1.9× |
| FIVN Five9, Inc. compare | 1.8× |
| WIX Wix.com Ltd. compare | 1.6× |
| TDC Teradata Corporation compare | 0.9× |
| PAYO Payoneer Global Inc. compare | 0.3× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on NTCT
- Revenue
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- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
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- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
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- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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