F5 (FFIV) FCF Margin (2009 - 2026)
F5's (FFIV) quarterly FCF Margin came in at 32.44% in Q2 2026, up 139.0% year-over-year from 13.57% in Q2 2025, and down 14.85% quarter-over-quarter from 38.09% in Q1 2026.
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F5 (FFIV) FCF Margin (2009 - 2026) Analysis & Trends
F5 has disclosed FCF Margin across 18 years of filings, most recently posting 32.44% for Q2 2026.
- In Q2 2026, FCF Margin rose 139.0% year-over-year to 32.44%; the TTM figure through Jun 2026 stood at 29.07% (up 90.0% YoY), while the FY2025 annual figure was 27.77%, up 290.0% from the prior year.
- FCF Margin came in at 32.44% for Q2 2026 at F5, down from 38.09% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 38.09% in Q1 2026 to a low of 7.25% in Q2 2022.
- Average FCF Margin over 5 years is 24.05%, with a median of 22.66% recorded in 2023.
- Year-over-year, FCF Margin sank 1620 bps in 2022 and soared 1411 bps in 2023.
- Over 5 years, FCF Margin stood at 20.64% in 2022, then climbed by 9 bps to 22.56% in 2023, then fell by 3 bps to 21.95% in 2024, then increased by 4 bps to 22.84% in 2025, then jumped by 42 bps to 32.44% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 32.44% in Q2 2026, 38.09% in Q1 2026, and 22.84% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | 26.25% |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 47.15% |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | -0.11% |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 32.44% |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | 16.68% |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 32.19% |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 26.23% |
| 10 | SentinelOne | 6.66 Bn | 6.00 Bn | 210.42 Mn | -4.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.44% |
| Mar 31, 2026 | 38.09% |
| Dec 31, 2025 | 22.84% |
| Sep 30, 2025 | 22.77% |
| Jun 30, 2025 | 31.05% |
| Mar 31, 2025 | 35.93% |
| Dec 31, 2024 | 21.95% |
| Sep 30, 2024 | 23.96% |
| Jun 30, 2024 | 22.01% |
| Mar 31, 2024 | 31.14% |
| Dec 31, 2023 | 22.56% |
| Sep 30, 2023 | 24.67% |
| Jun 30, 2023 | 21.35% |
| Mar 31, 2023 | 18.52% |
| Dec 31, 2022 | 20.64% |
| Sep 30, 2022 | 16.82% |
| Jun 30, 2022 | 7.25% |
| Mar 31, 2022 | 18.98% |
| Dec 31, 2021 | 9.98% |
| Sep 30, 2021 | 21.26% |