Sunday 11 October 2026
Export all NTGR data to Excel Powerpack
NETGEAR, Inc.
NTGR Technology Communication Equipment
NETGEAR, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $699.6 million, up 3.84% from fiscal 2024. In the quarter to June 2026, revenue fell 1.16%, EPS fell 22.7% and free cash flow fell 118.6%, each against the same quarter a year earlier.
23.51
0.31
+1.34%
Follow NTGR
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 20.71 | 25.74 | 28.34 | 23.69 | 15.01 | 26.07 | 17.40 | 10.40 | 10.48 | 18.75 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | 37.73 | 38.06 | 48.57 | 40.67 | 42.59 | 46.38 | 31.00 | 20.90 | 31.55 | 36.86 | |||||
| People | |||||||||||||||
| People | Employees | 945 | 1,008 | 837 | 809 | 818 | 771 | 691 | 635 | 655 | 784 | ||||
| Revenue/emp, $m | 1.21 | 1.03 | 1.27 | 1.23 | 1.53 | 1.52 | 1.35 | 1.17 | 1.03 | 0.89 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,143 | 1,039 | 1,059 | 999 | 1,255 | 1,168 | 932 | 741 | 674 | 700 | ||||
| Gross margin, % | 32.70 | 29.61 | 32.27 | 29.46 | 29.65 | 31.32 | 26.87 | 33.64 | 29.08 | 38.05 | |||||
| EBT | 106 | 46 | 43 | 30 | 71 | 66 | (82) | (19) | 25 | (17) | |||||
| EBT margin, % | 9.31 | 4.45 | 4.08 | 2.96 | 5.64 | 5.61 | (8.80) | (2.58) | 3.69 | (2.40) | |||||
| Net income | 76 | 19 | (18) | 26 | 58 | 49 | (69) | (105) | 12 | (18) | |||||
| Depreciation | 30 | 23 | 19 | 19 | 19 | 14 | 55 | 4 | 3 | 7 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 34.91 | 32.38 | 33.48 | 32.28 | 41.98 | 38.63 | 32.15 | 25.24 | 23.31 | 24.46 | ||||
| Earnings | 2.32 | 0.61 | (0.08) | 0.83 | 1.95 | 1.63 | (2.38) | (3.57) | 0.43 | (0.63) | |||||
| Cash flow | 3.61 | 2.73 | (3.26) | 0.44 | 6.06 | (0.15) | (0.47) | 1.94 | 5.70 | 0.06 | |||||
| Capex | (0.31) | (0.32) | (0.39) | (0.46) | (0.34) | (0.33) | (0.20) | (0.20) | (0.31) | (0.72) | |||||
| Free cash flow | 3.30 | 2.41 | (3.65) | (0.02) | 5.71 | (0.48) | (0.67) | 1.74 | 5.39 | (0.66) | |||||
| Book value | 24.32 | 22.76 | 19.84 | 19.68 | 23.06 | 23.04 | 21.40 | 18.24 | 18.72 | 17.40 | |||||
| Shares, m | 33 | 32 | 32 | 31 | 30 | 30 | 29 | 29 | 29 | 29 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 14.77 | 64.50 | 0.00 | 29.18 | 21.05 | 18.03 | 0.00 | 0.00 | 60.59 | 0.00 | ||||
| P/S | 0.98 | 1.16 | 0.96 | 0.76 | 0.97 | 0.76 | 0.57 | 0.57 | 1.20 | 1.00 | |||||
| P/B | 1.40 | 1.64 | 1.63 | 1.25 | 1.76 | 1.27 | 0.85 | 0.78 | 1.49 | 1.41 | |||||
| EV/Sales | 0.66 | 0.84 | 0.71 | 0.56 | 0.69 | 0.52 | 0.32 | 0.18 | 0.59 | 0.54 | |||||
| EV/FCF | 6.96 | 11.26 | (6.47) | (797.92) | 5.04 | (42.36) | (15.52) | 2.66 | 2.55 | (20.03) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 118 | 88 | (103) | 14 | 181 | (5) | (14) | 57 | 165 | 2 | ||||
| Capex | (10) | (10) | (12) | (14) | (10) | (10) | (6) | (6) | (9) | (21) | |||||
| Free cash flow | 108 | 77 | (115) | (1) | 171 | (14) | (19) | 51 | 156 | (19) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 606 | 591 | 474 | 446 | 528 | 542 | 488 | 484 | 488 | 423 | ||||
| Total debt | — | — | — | 34 | 35 | 28 | 45 | — | — | — | |||||
| Net debt | (366) | (330) | (274) | (196) | (353) | (272) | (227) | (284) | (409) | (323) | |||||
| Shareholders’ equity | 797 | 730 | 628 | 609 | 689 | 697 | 621 | 535 | 541 | 498 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 6.79 | 1.62 | (0.81) | 2.58 | 5.65 | 4.52 | (6.58) | (11.22) | 1.46 | (2.13) | ||||
| ROIC | 15.30 | 6.64 | 6.85 | 3.96 | 14.05 | 9.79 | (13.17) | (8.26) | 5.77 | (12.21) | |||||
| ROE | 10.08 | 2.55 | (1.35) | 4.17 | 8.98 | 7.13 | (10.47) | (18.12) | 2.30 | (3.45) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
NETGEAR, Inc. vs peers in Communication Equipment (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 |
|---|---|---|---|---|---|---|---|---|---|
| HLIT Harmonic Inc. | $1.2B | — (loss-making) | 32.4× | +53.55% (above 0%: growing) | n/m | +54.60% (above 0%: growing) | 52.37% | 17.71% | Compare |
| FEIM Frequency Electronics, Inc. | $842.3M | 300× | 65.7× | +69.79% (above 0%: growing) | +485.71% (above 0%: growing) | +361.82% (above 0%: growing) | 45.84% | 22.17% | Compare |
| GILT Gilat Satellite Networks Ltd. | $717.9M | 19.4× | 44.7× | +16.86% (above 0%: growing) | −35.29% (below 0%: shrinking) | −250.32% (below 0%: shrinking) | 30.37% | 3.83% | Compare |
| TSAT Telesat Corporation | $681.5M | — (loss-making) | — (loss-making) | −25.15% (below 0%: shrinking) | n/m | +68.09% (above 0%: growing) | 93.15% | (16.02%) | Compare |
| NTGR NETGEAR, Inc. | $630.6M | — (loss-making) | — (loss-making) | −1.16% (below 0%: shrinking) | n/m | −118.63% (below 0%: shrinking) | 40.21% | (5.01%) | |
| ADTN ADTRAN Holdings, Inc. | $610.3M | — (loss-making) | — (loss-making) | +6.07% (above 0%: growing) | n/m | −52.65% (below 0%: shrinking) | 36.97% | (3.58%) | Compare |
| CLFD Clearfield, Inc. | $450.2M | — (loss-making) | 76.5× | +13.18% (above 0%: growing) | +100.00% (above 0%: growing) | −6.00% (below 0%: shrinking) | 31.79% | 5.86% | Compare |
| SILC Silicom Ltd | $326.7M | — (loss-making) | — (loss-making) | +58.51% (above 0%: growing) | n/m | −29.51% (below 0%: shrinking) | 30.11% | (8.37%) | Compare |
| LTRX Lantronix, Inc. | $320.2M | — (loss-making) | 179× | +8.03% (above 0%: growing) | n/m | +89.00% (above 0%: growing) | 43.67% | (1.26%) | Compare |
| Median of peers | $645.9M | — | 65.7× | +15.02% | +100.00% | +24.30% | 40.32% | 1.29% |
NETGEAR, Inc. (NTGR) key facts
- Strength: NETGEAR, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $699.6 million, up 3.84% from fiscal 2024.
- NETGEAR, Inc. (NTGR) is a Communication Equipment company in the Technology sector, listed on Nasdaq.
- As of October 9, 2026, NTGR traded at $23.51, a market capitalization of $630.6 million.
- Return on equity was −3.45% and debt-to-equity 0.00.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.65 (distress zone) for fiscal 2025.