FFIV vs NET vs XNET Stock Comparison

F5, Cloudflare and Xunlei Prices as of Oct 23, 2026 Peers: Industry group
FFIV F5, Inc.
$455.42 -0.1% 1M +50.9% 1Y
Market cap
$26.20B
P/E
36.1x
Revenue (TTM)
$3.31B
Div. yield
–
Cybersecurity Software Technology
5 wins
NET Cloudflare, Inc.
$326.00 -7.4% 1M +50.1% 1Y
Market cap
$117.97B
P/E
–
Revenue (TTM)
$2.51B
Div. yield
–
Content Delivery Networks Technology
1 win
XNET Xunlei Ltd
$3.85 -24.1% 1M -57.9% 1Y
Market cap
$238.88M
P/E
–
Revenue (TTM)
$424.54M
Div. yield
–
Content Delivery Networks Technology
2 wins

Head to Head

8 decided of 12

F5 leads on 5 of the 12 questions below (F5 5, Xunlei 2, Cloudflare 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFFIVNETXNETLeader
Larger companyMarket capitalisation $26.20B $117.97B $238.88M NET
Cheaper on earningsLower P/E, profitable companies only 36.1x -571.9x -3.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 28.0x 250.8x — FFIV
Faster revenue growthRevenue growth, trailing twelve months +9.4% +33.5% +40.4% XNET
More profitableNet margin, trailing twelve months 22.0% -8.2% -16.9% FFIV
Better return on capitalReturn on invested capital — -12.4% — –
Less leveragedLower net debt / EBITDA — 252.9x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +50.9% +50.1% -57.9% FFIV
Better 5-year returnAnnualised price return, 5 years +17.0%/yr +12.5%/yr +5.7%/yr FFIV
Less volatileAnnualised volatility, 1 year 35.1% 67.0% 52.8% FFIV
Higher overall scoreMean of the five percentile scores vs peers 64/100 49/100 73/100 XNET

Percentile Scorecard

FFIVNETXNET

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFFIVNETXNET
Valuation 74 #33 of 124 14 #33 of 38 97 #2 of 38
Growth 40 #68 of 113 66 #13 of 36 43 #21 of 36
Profitability 94 #8 of 110 46 #19 of 34 64 #13 of 34
Financial Health 52 #63 of 129 60 #16 of 38 87 #6 of 38
Shareholder Returns 60 #28 of 68 62 #9 of 22 –
Overall 64 49 73
  • FFIV ranked among 137 companies in Infrastructure Software
  • NET ranked among 39 companies in Cloud Computing
  • XNET ranked among 39 companies in Cloud Computing

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFFIVNETXNETSPY
1 month -0.1%-7.4%-24.1% -1.0%
3 months +16.1%+24.3%-30.3% +2.9%
6 months +50.2%+57.4%-40.2% +6.4%
Year to date +78.4%+65.4%-45.7% +11.4%
1 year +50.9%+50.1%-57.9% +13.1%
3 years +207.2%+446.7%+157.5% +79.4%
3 years, per year +45.4%+76.2%+37.1% +21.5%
5 years +118.7%+79.8%+31.8% +67.7%
5 years, per year +17.0%+12.5%+5.7% +10.9%
10 years +285.7%—-25.1% +255.2%
10 years, per year +14.5%—-2.8% +13.5%

Risk

MeasureFFIVNETXNETSPY
Volatility, 1Y 35.1%67.0%52.8% 12.7%
Downside volatility, 1Y 34.6%69.3%57.6% 12.7%
Beta vs S&P 500, 1Y 1.041.601.78 1.00
Return / volatility, 1Y 1.450.75-1.10 1.03
Max drawdown, 5Y -47.4%-82.6%-69.0% -25.4%
From 52-week high -5.1%-9.7%-59.0% -2.5%
52-week high $479.83$360.95$9.40 $779.14
52-week low $223.99$160.19$3.83 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFFIVNETXNET
P/E now vs peer median 35.6xmedian 37.4x -560.0xmedian 29.1x -3.3xmedian 29.1x
P/S now vs peer median 7.8xmedian 4.4x 41.8xmedian 4.5x 0.6xmedian 4.5x
EV/EBITDA now vs peer median 26.7xmedian 35.0x -9,003xmedian 21.5x —median 21.5x
P/FCF now vs peer median 26.7xmedian 27.2x 301.5xmedian 17.3x —median 17.3x
P/B now vs peer median 6.7xmedian 3.4x 64.8xmedian 3.9x —median 3.9x
PEG now vs peer median 1.12median 1.27 -128.93median 0.33 0.04median 0.33

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFFIVNETXNET
Revenue $3.31B $2.51B $424.54M
Gross profit $2.71B $1.82B $230.55M
Operating income $812.13M -$354.38M $5.67M
Net income $726.51M -$206.28M $146.48M
Free cash flow $969.60M $348.41M –
R&D $593.25M $573.30M $82.00M
EPS (diluted) $12.62 $-0.58 $-1.13
Cash & equivalents $1.61B $1.66B $125.83M
Total debt – $5.17B $270.21M
Shares (diluted) 57.55M 354.33M 63.29M
Enterprise value $20.60B $101.50B -$643.90M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFFIVNETXNET
P/E 35.6x -560.0x -3.3x
P/FCF 26.7x 301.5x –
P/Operating cash flow 24.7x 165.8x –
P/S 7.8x 41.8x 0.6x
P/B 6.7x 64.8x –
P/Tangible book 6.7x 67.2x –
EV/EBITDA 26.7x -9,003x –
EV/EBIT 29.9x -288.3x 3.8x
EV/Revenue 7.3x 40.7x 0.1x
EV/FCF 25.0x 293.2x –
EV/Operating cash flow 23.1x 161.3x –
PEG (3Y EPS CAGR) 1.12 -128.93 0.04

Growth

14 metrics
MetricFFIVNETXNET
Revenue growth (1Y) 9.4% 33.5% 40.4%
Revenue CAGR (3Y) 5.7% 30.6% 3.0%
Gross profit growth (1Y) 10.5% 27.3% 35.5%
Gross profit CAGR (3Y) 7.1% 28.9% 13.4%
Operating income growth (1Y) 8.1% -90.5% 126.5%
Operating income CAGR (3Y) 25.8% -21.0% -7.0%
Net income growth (1Y) 8.9% -76.2% -79.7%
Net income CAGR (3Y) 29.8% 2.3% 108.8%
EPS growth (1Y) 10.7% -72.8% -110.0%
EPS CAGR (3Y) 31.9% 4.3% -88.7%
Operating cash flow growth (1Y) 6.2% 32.6% –
Operating cash flow CAGR (3Y) 19.3% 41.9% –
Free cash flow growth (1Y) 1.5% 67.1% –
Free cash flow CAGR (3Y) 19.3% 61.1% –

Profitability

14 metrics
MetricFFIVNETXNET
Gross margin 81.9% 72.6% 54.3%
EBITDA margin 27.5% -0.5% –
Operating margin 24.5% -14.1% 1.3%
Pretax margin 25.8% -7.9% -20.6%
Net margin 22.0% -8.2% -16.9%
FCF margin 29.3% 13.9% –
Operating cash flow margin 31.7% 25.2% –
Return on equity 19.4% -13.1% –
Return on assets 10.9% -3.3% 11.3%
Return on invested capital – -12.4% –
Return on capital employed 16.6% -9.6% 0.5%
Asset turnover 0.5x 0.4x 0.3x
Cash conversion (OCF / net income) 1.4x -3.1x –
Stock comp / revenue 7.6% 20.2% –

Financial Health

11 metrics
MetricFFIVNETXNET
Debt / assets – 20.0% 4.8%
Debt / equity – 0.8x –
Net debt / EBITDA – 252.9x –
Debt / FCF – 3.7x –
Liabilities / assets 43.5% 75.0% 16.9%
Equity / assets 56.5% 25.0% –
Interest coverage – -30.9x 2.8x
Current ratio 1.7x 1.8x 2.0x
Quick ratio 1.5x 1.8x 1.9x
Cash ratio 0.9x 1.6x 1.7x
Altman Z-score 7.09 13.29 1.88

Shareholder Returns

7 metrics
MetricFFIVNETXNET
Dividend yield – – –
Net buyback yield 0.6% -0.1% –
Shareholder yield 0.6% -0.1% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFFIVNETXNET
Forward P/E 28.0xFY2026 250.8xFY2026 –
EPS, next fiscal year $16.24FY2026 $1.30FY2026 –
EPS growth, next FY +2.7%FY2026 +39.8%FY2026 –
EPS growth, the year after +5.0% +21.5% –
Revenue, next fiscal year $3.52BFY2026 $3.02BFY2026 –
Revenue growth, next FY +13.8%FY2026 +39.0%FY2026 –
Revenue growth, the year after +6.4% +16.4% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFFIVNETXNET
Held by institutions 96.6% 88.2% 11.0%
Institutions holding 831 1,219 52
Change in shares held, QoQ -2.6% +2.8% -8.7%
Institutions buying 483 704 35
Institutions selling 240 378 14
Buyers to sellers 2.01 1.86 2.50

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FFIVNETXNET
FFIV 1.00 0.31 0.23
NET 0.31 1.00 0.24
XNET 0.23 0.24 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FFIV, NET and XNET?

Cloudflare (NET) is the largest by market capitalisation: F5 (FFIV) $26.20B, Cloudflare (NET) $117.97B, Xunlei (XNET) $238.88M.

Which company is growing faster?

Xunlei (XNET) grew revenue fastest over the trailing twelve months: F5 (FFIV) +9.4%, Cloudflare (NET) +33.5%, Xunlei (XNET) +40.4%.

Which company is more profitable?

F5 (FFIV) has the highest net margin (F5 (FFIV) 22.0%, Cloudflare (NET) -8.2%, Xunlei (XNET) -16.9%).

Which stock has performed better?

Over the past year F5 (FFIV) returned the most: F5 (FFIV) +50.9%, Cloudflare (NET) +50.1%, Xunlei (XNET) -57.9%. Over five years, F5 (FFIV) compounded fastest (F5 (FFIV) +17.0%/yr, Cloudflare (NET) +12.5%/yr, Xunlei (XNET) +5.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, F5 (FFIV) has been the steadiest (F5 (FFIV) 35.1%, Cloudflare (NET) 67.0%, Xunlei (XNET) 52.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FFIV, NET and XNET?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, F5 (FFIV) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.