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Cisco Systems vs F5: CSCO and FFIV compared
Cisco Systems is the larger company: $17.3B of revenue in its latest quarter (Q4 FY26) against $865M for F5 (Q3 FY26). Cisco Systems is growing faster (+18% against +11% a year earlier). Cisco Systems is more profitable, with an operating margin of 24.7% against 24.7%.
Where the money goes: CSCO and FFIV
Cisco Systems (CSCO) · Q4 FY26
Cisco Systems, Q4 FY26: revenue $17.3B (+18% year over year), operating margin 24.7%, net earnings $3.9B, operating cash flow $5.4B. The chart follows the revenue to costs, profit and cash.
F5 (FFIV) · Q3 FY26
F5, Q3 FY26: revenue $865M (+11% year over year), operating margin 24.7%, net earnings $208M, operating cash flow $316M. The chart follows the revenue to costs, profit and cash.
| Cisco Systems (CSCO) | F5 (FFIV) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 FY26 |
| Revenue | $17.3B | $865M |
| Revenue growth, Y/Y | +18% | +11% |
| Gross margin | 64.1% | 82.2% |
| Operating margin | 24.7% | 24.7% |
| Net earnings | $3.9B | $208M |
| Net margin | 22.4% | 24.1% |
| Operating cash flow | $5.4B | $316M |
| Free cash flow | $5.0B | $281M |
| Market value | $381.2B | $17.9B |
| P/E | 28.7× | 24.6× |
| Analysts’ mean target | $135.56 | $444.67 |
Where the revenue comes from
Cisco Systems
- Product: $13.5B (78%)
- Services: $3.8B (22%)
F5
- Product: $463M (54%)
- Service: $402M (46%)
Questions
Which is bigger, Cisco Systems or F5?
Cisco Systems is the larger company: $17.3B of revenue in its latest quarter (Q4 FY26) against $865M for F5 (Q3 FY26).
Is Cisco Systems or F5 growing faster?
Cisco Systems is growing faster (+18% against +11% a year earlier).
Which is more profitable, Cisco Systems or F5?
Cisco Systems is more profitable, with an operating margin of 24.7% against 24.7%.
More: Cisco Systems earnings · how Cisco Systems makes money · F5 earnings · how F5 makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Sep 2, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.