Netscout Systems (NTCT) FCF Margin (2010 - 2025)
Netscout Systems' FCF Margin came in at 23.64% for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 7.93 percentage points from 15.71% a year earlier and up 21.62 percentage points from the prior quarter.
Netscout Systems (NTCT) FCF Margin (2010 - 2025) Analysis & Trends
Over the trailing twelve months to Dec 31, 2025, Netscout Systems reported FCF Margin of 31.98%, up 11.99 percentage points year-over-year; for FY2025 (ended Mar 31, 2025), it was 25.80%, up 19.48 percentage points from FY2024.
- FCF Margin carries a five-year change of +2.80 percentage points (FY2020 to FY2025).
- Going back by fiscal year, FCF Margin was 6.32% in FY2024 (-9.66 pp), 15.98% in FY2023 (-17.41 pp), 33.39% in FY2022 (+9.10 pp) and 24.29% in FY2021 (+1.29 pp).
- The five-year range for quarterly FCF Margin is -14.18% (fiscal Q2 2024) to 79.65% (fiscal Q4 2022).
- Year-over-year, FCF Margin has increased for seven consecutive quarters, with an average year-over-year change of +12.39 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q4 2022 (a gain of 37.87 percentage points), and the weakest in fiscal Q4 2023 (a drop of 26.49 percentage points).
- Business Quant data shows NTCT's FCF Margin at 2.02% (Q2 2026), 38.38% (Q1 2026) and 68.36% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 27.28% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | -0.11% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 28.94% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 47.16% |
| 10 | Netscout Systems | 2.82 Bn | 526.09 Mn | - | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 23.64% |
| Sep 30, 2025 | 2.02% |
| Jun 30, 2025 | 38.38% |
| Mar 31, 2025 | 68.36% |
| Dec 31, 2024 | 15.71% |
| Sep 30, 2024 | -2.41% |
| Jun 30, 2024 | 21.29% |
| Mar 31, 2024 | 45.20% |
| Dec 31, 2023 | 5.83% |
| Sep 30, 2023 | -14.18% |
| Jun 30, 2023 | -11.52% |
| Mar 31, 2023 | 53.16% |
| Dec 31, 2022 | 16.01% |
| Sep 30, 2022 | 3.12% |
| Jun 30, 2022 | -7.05% |
| Mar 31, 2022 | 79.65% |
| Dec 31, 2021 | 34.46% |
| Sep 30, 2021 | 10.17% |
| Jun 30, 2021 | 11.29% |
| Mar 31, 2021 | 41.77% |
Netscout Systems FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=NTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "NTCT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=NTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();