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F5 vs Netgear: FFIV and NTGR compared
F5 is the larger company: $865M of revenue in its latest quarter (Q3 FY26) against $167M for Netgear (Q3 2026). F5 is growing faster (+11% against -9% a year earlier). F5 is more profitable, with an operating margin of 24.7% against -8.2%.
Where the money goes: FFIV and NTGR
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.
Netgear (NTGR) · Q3 2026
Netgear, Q3 2026: revenue $167M (-9% year over year), operating margin -8.2%, net loss $12.3M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| F5 (FFIV) | Netgear (NTGR) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $865M | $167M |
| Revenue growth, Y/Y | +11% | -9% |
| Gross margin | 82.2% | — |
| Operating margin | 24.7% | -8.2% |
| Net earnings | $208M | −$12.3M |
| Net margin | 24.1% | -7.3% |
| Operating cash flow | $316M | −$3.8M |
| Free cash flow | $281M | — |
| Market value | $17.9B | — |
| P/E | 24.6× | — |
| Analysts’ mean target | $444.67 | — |
Where the revenue comes from
F5
- Product: $463M (54%)
- Service: $402M (46%)
Netgear
- Enterprise: $90.7M (54%)
- Consumer: $76.6M (46%)
Questions
Which is bigger, F5 or Netgear?
F5 is the larger company: $865M of revenue in its latest quarter (Q3 FY26) against $167M for Netgear (Q3 2026).
Is F5 or Netgear growing faster?
F5 is growing faster (+11% against -9% a year earlier).
Which is more profitable, F5 or Netgear?
F5 is more profitable, with an operating margin of 24.7% against -8.2%.
More: F5 earnings · how F5 makes money · Netgear earnings · how Netgear makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.