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NetScout 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

37.98 0.05 +0.13%
Market cap
$2.8B
P/E
22.9×
Fwd P/E
28.0×
Dividend yield
—
F-score
8/9
Altman Z
2.70
Beneish M
−2.86
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 2.26
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — 4 — — 3 1 — 3 1 — —
Insider Ownership 3.62%

Capital & Financial Ratios $m

Size
Market Cap 2,760.00
Revenue ttm 883.16
Net income ttm 121.05
Free cash flow ttm 258.08
Net debt Q (629.41)
Valuation
P/E 22.86
Forward P/E 28.00
Price / sales 3.10
Forward P/S Powerpack
Price / FCF 10.68
Price / book 1.65
Financial health
Current ratio Q 1.83 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 33.59
Growth
Revenue growth Q +12.68% (above 0%: growing)
Operating income growth Q +320.55% (above 0%: growing)
EPS, this year +10.22%
EPS, next year A +5.98%
Revenue, next year A +5.23%
EPS, past 5 yrs +37.97% (at or above 15%: strong)
EPS, next 5 yrs A +5.81%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.6×, against a ten-year median of 2.2×; over the ten years it ranged from 1.2× in 2024 to 3.0× in 2026.
P/E against its own 10 years 9.65%
10-year low 10-year high
P/S against its own 10 years 95.12%
10-year low 10-year high
P/B against its own 10 years 95.96%
10-year low 10-year high
EV/Sales against its own 10 years 79.49%
10-year low 10-year high
EV/FCF against its own 10 years 21.25%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 423 491 668 629
Receivables 192 164 151 80
Inventory 14 13 13 21
Other — — — —
672 713 868 772
2024 2025 2026 Q'26
Payables 15 18 23 24
ST’ Debt — — — —
Other — — — —
395 408 470 423

Compound Annual Growth %

10y 5y 3y
Sales (1.05%) 0.67% (2.05%)
Cash Flow 11.72% 6.61% 23.43%
Earnings 0.00% 37.62% 17.00%
Book Value (3.85%) (3.84%) (6.68%)

Earnings Trends EPS, adjusted, against the consensus

Q1 FY26 Estimate 0.39 Actual 0.52

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 0.45 0.62 Beat by 0.17
Q3 FY26 0.86 1.00 Beat by 0.14
Q4 FY26 0.46 0.52 Beat by 0.06
Q1 FY26 0.39 0.52 Beat by 0.13
Q2 FY26 0.66 — Reports 5 November 2026

EPS $

Jun Sep Dec Mar Year
’26 0.29 — — — —
’26 (0.05) 0.35 0.75 0.25 1.30
’25 (6.20) 0.13 0.67 0.25 (5.12)
’24 (0.06) 0.29 (1.87) (0.46) (2.07)
’23 (0.10) 0.24 0.72 (0.05) 0.82
’22 (0.15) 0.11 0.64 (0.10) 0.49
’21 (0.24) (0.05) 0.39 0.15 0.26
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 210 — — — —
’26 187 219 251 203 859
’25 175 191 252 205 823
’24 211 197 218 203 829
’23 209 228 270 208 915
’22 190 212 262 191 856
’21 184 205 229 213 831
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 51 — — — —
’26 74 7 62 152 295
’25 38 (4) 41 142 218
’24 (22) (26) 14 94 59
’23 (13) 10 46 113 157
’22 24 23 93 156 296
’21 45 12 65 92 214
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 44 — — — —
’26 72 4 59 150 285
’25 37 (6) 40 140 211
’24 (24) (28) 13 92 52
’23 (15) 7 43 111 146
’22 21 22 90 152 286
’21 38 8 62 89 197
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 1,162 987 910 892 831 856 915 829 823 859 883 (3.3%) 904 934 947 +3.3%
Gross margin, % 70.21 72.45 72.07 72.84 73.28 74.97 75.61 77.41 78.27 79.41 79.84 +9.2 pt
EBT 52 (19) (93) 2 22 43 68 (145) (366) 119 140 +9.5%
EBT margin, % 4.49 (1.89) (10.21) 0.22 2.68 5.01 7.48 (17.42) (44.46) 13.79 15.89 +9.3 pt
Net income 33 80 (73) (3) 19 36 60 (148) (367) 96 121 +12.4%
Per share, $
Per share, $ Revenue 12.60 11.29 11.57 11.87 11.37 11.56 12.74 11.61 11.49 11.94 12.30 (0.6%)
Earnings 0.36 0.91 (0.93) (0.04) 0.26 0.50 0.83 (2.07) (5.12) 1.33 1.67 +15.6%
Cash flow 2.46 2.54 1.91 2.99 2.93 4.00 2.18 0.82 3.04 4.09 3.78 +5.8%
Capex (0.35) (0.19) (0.30) (0.27) (0.23) (0.14) (0.15) (0.09) (0.09) (0.13) (0.19) (10.6%)
Free cash flow 2.11 2.35 1.61 2.73 2.70 3.86 2.03 0.73 2.95 3.97 3.59 +7.3%
Book value 26.42 23.66 26.27 25.78 27.44 27.84 28.28 26.47 21.79 22.91 23.16 (1.6%)
Shares, m 92 87 79 75 73 74 72 71 72 72 72 (2.7%)
Valuation, ×
Valuation, × P/E 106.54 27.96 0.00 0.00 108.31 62.90 34.94 0.00 0.00 24.08 22.86 36.5
P/S 3.01 2.30 2.49 1.99 2.48 2.78 2.25 1.88 1.83 2.66 3.10 2.4
P/B 1.44 1.10 1.10 0.92 1.03 1.15 1.01 0.82 0.96 1.39 1.65 1.1
EV/Sales 2.89 2.46 2.56 2.07 2.32 2.36 1.90 1.49 1.41 2.06 2.56 2.2
EV/FCF 17.25 11.78 18.43 8.98 9.79 7.08 11.90 23.56 5.50 6.22 8.80 12.0
Cash, $m
Cash, $m Operating cash flow 227 222 150 225 214 296 157 59 218 295 272 +2.9%
Capex (32) (17) (24) (20) (17) (10) (11) (6) (7) (9) (14) (13.1%)
Free cash flow 195 206 126 205 197 286 146 52 211 285 258 +4.3%
Balance, $m
Balance, $m Working capital 394 339 421 261 311 446 164 277 305 398 349 +0.1%
Net debt (143) 152 64 64 (126) (353) (319) (323) (344) (668) (629) +18.7%
Shareholders’ equity 2,436 2,069 2,065 1,938 2,006 2,060 2,030 1,892 1,560 1,649 1,663 (4.2%)
Returns, %
Returns, % ROA 0.93 2.29 (2.21) (0.09) 0.62 1.14 1.98 (5.46) (15.35) 4.21 5.42 +3.3 pt
ROIC 1.69 (0.11) (2.10) 0.55 1.23 1.78 2.84 (5.97) (18.89) 6.99 7.91 +5.3 pt
ROE 1.36 3.54 (3.55) (0.14) 0.98 1.76 2.92 (7.53) (21.26) 5.95 7.54 +4.6 pt
People
People Employees 3,113 3,019 2,585 2,502 2,421 2,331 2,355 2,296 2,123 2,073 — (4.4%)
Revenue/emp, $m 0.37 0.33 0.35 0.36 0.34 0.37 0.39 0.36 0.39 0.41 — +1.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

NetScout Systems, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TDC Teradata Corporation $3.1B 6.9× 7.7× +0.49% (above 0%: growing) +444.44% (above 0%: growing) +169.23% (above 0%: growing) 59.27% 11.71% Compare
WIX Wix.com Ltd. $3.1B — (loss-making) — (loss-making) +14.93% (above 0%: growing) n/m −64.35% (below 0%: shrinking) 65.77% (10.44%) Compare
TCGL TechCreate Group Ltd. $3.1B — — — — — — — Compare
CLBT Cellebrite DI Ltd. $3.1B 51.0× 48.2× +15.77% (above 0%: growing) −62.50% (below 0%: shrinking) −79.43% (below 0%: shrinking) 80.78% 5.30% Compare
NTCT NetScout Systems, Inc. $2.8B 22.9× 28.0× +12.68% (above 0%: growing) n/m −38.15% (below 0%: shrinking) 78.86% 6.88%
FIVN Five9, Inc. $2.7B 47.1× 46.6× +10.30% (above 0%: growing) +164.90% (above 0%: growing) −29.56% (below 0%: shrinking) 53.37% 0.63% Compare
EEFT Euronet Worldwide, Inc. $2.5B 9.5× 9.4× +1.34% (above 0%: growing) −10.13% (below 0%: shrinking) −24.07% (below 0%: shrinking) 43.42% 14.78% Compare
PAYO Payoneer Global Inc. $2.4B 50.2× 48.1× +5.24% (above 0%: growing) n/m −37.08% (below 0%: shrinking) 100.00% 6.17% Compare
FLYW Flywire Corporation $2.3B 70.6× 47.6× +27.18% (above 0%: growing) +30.00% (above 0%: growing) +2.76% (above 0%: growing) 100.00% (1.65%) Compare
Median of peers $2.9B 48.7× 47.1× +10.30% +30.00% −29.56% 65.77% 5.30%

All 184 Software Infrastructure stocks →

Pay and ownership Proxy statement filed 24 July 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 3.21m 5.21m 112.82
2025 2.44m 2.25m 74.57
2024 2.85m 520.60k 77.53
2023 4.51m 3.59m 101.72
2022 3.91m 4.55m 113.91

Ownership

Directors and executive officers, together 4.74%
BlackRock, Inc. 14.59%
Vanguard Portfolio Management LLC 7.72%
Dimensional Fund Advisors LP Building One 6.10%
Legal & General Group Plc One Coleman Street London, EC2R 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

NetScout Systems, Inc. (NTCT) Latest News

14 Oct

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29 Sep

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19 Feb

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NTCT metrics, ten years each

stockrow.com/NTCT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com