Netscout Systems (NTCT) Operating Leases (2019 - 2026)
Netscout Systems (NTCT) reported Operating Leases of $29.72 million for fiscal Q4 2026 (quarter ended Mar 31, 2026), down 8.6% from $32.51 million a year earlier and down 6.4% from the prior quarter.
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Analysis
Netscout Systems (NTCT) Operating Leases (2019 - 2026) Analysis & Trends
Dating back to fiscal Q1 2020, Netscout Systems' Operating Leases record includes 28 quarters.
- Operating Leases has declined for six consecutive fiscal years, with a five-year compound annual growth rate of -13.5% (FY2021 to FY2026).
- By fiscal year, Operating Leases came in at $32.51 million in FY2025 (-14.7%), $38.1 million in FY2024 (-22.0%), $48.82 million in FY2023 (-9.5%) and $53.93 million in FY2022 (-12.0%).
- The fiscal Q4 2026 figure ranks as the lowest quarterly Operating Leases in data going back to fiscal Q1 2020.
- The year-over-year decline in Operating Leases has ranged between 0.0% (fiscal Q2 2026) and 24.1% (fiscal Q1 2025) over the last five years.
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $31.75 million (Q3 2026), $33.54 million (Q2 2026) and $30.65 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn |
| 10 | Netscout Systems | 2.82 Bn | 526.09 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 29.72 Mn |
| Dec 31, 2025 | 31.75 Mn |
| Sep 30, 2025 | 33.54 Mn |
| Jun 30, 2025 | 30.65 Mn |
| Mar 31, 2025 | 32.51 Mn |
| Dec 31, 2024 | 31.80 Mn |
| Sep 30, 2024 | 33.53 Mn |
| Jun 30, 2024 | 35.23 Mn |
| Mar 31, 2024 | 38.10 Mn |
| Dec 31, 2023 | 40.90 Mn |
| Sep 30, 2023 | 43.65 Mn |
| Jun 30, 2023 | 46.40 Mn |
| Mar 31, 2023 | 48.82 Mn |
| Dec 31, 2022 | 49.58 Mn |
| Sep 30, 2022 | 48.84 Mn |
| Jun 30, 2022 | 51.41 Mn |
| Mar 31, 2022 | 53.93 Mn |
| Dec 31, 2021 | 55.67 Mn |
| Sep 30, 2021 | 56.14 Mn |
| Jun 30, 2021 | 58.58 Mn |
API Access
Netscout Systems Operating Leases 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=operating-leases&ticker=NTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=NTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();