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F5 Valuation Multiples
Discover revenue and EBITDA valuation multiples for F5 and similar public comparables like CyberArk Software, Check Point Software, Zscaler, Okta and more.
F5 Overview
About F5
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, and went public in 1999.
Founded
1996
HQ
Employees
6.6K
Website
Financials (LTM)
EV
$17B
F5 Financials
F5 reported last 12-month revenue of $3B and EBITDA of $1B.
In the same LTM period, F5 generated $3B in gross profit, $1B in EBITDA, and $927M in net income.
Revenue (LTM)
F5 P&L
In the most recent fiscal year, F5 reported revenue of $3B and EBITDA of $1B.
F5 expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 84% | XXX | 81% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 37% | XXX | XXX | XXX |
| EBIT Margin | 35% | XXX | 35% | XXX | XXX | XXX |
| Net Profit | $927M | XXX | $928M | XXX | XXX | XXX |
| Net Margin | 29% | XXX | 30% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
F5 Stock Performance
F5 has current market cap of $18B, and enterprise value of $17B.
Market Cap Evolution
F5's stock price is $310.90.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17B | $18B | 0.9% | XXX | XXX | XXX | $16.42 |
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Start Free TrialF5 Valuation Multiples
F5 trades at 5.2x EV/Revenue multiple, and 14.0x EV/EBITDA.
EV / Revenue (LTM)
F5 Financial Valuation Multiples
As of April 18, 2026, F5 has market cap of $18B and EV of $17B.
Equity research analysts estimate F5's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
F5 has a P/E ratio of 18.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV (current) | $17B | XXX | $17B | XXX | XXX | XXX |
| EV/Revenue | 5.2x | XXX | 5.4x | XXX | XXX | XXX |
| EV/EBITDA | 14.0x | XXX | 14.6x | XXX | XXX | XXX |
| EV/EBIT | 14.9x | XXX | 15.3x | XXX | XXX | XXX |
| EV/Gross Profit | 6.2x | XXX | 6.6x | XXX | XXX | XXX |
| P/E | 18.9x | XXX | 18.9x | XXX | XXX | XXX |
| EV/FCF | 19.1x | XXX | 18.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified F5 Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
F5 Margins & Growth Rates
F5's revenue in the last 12 month grew by 4%.
F5's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.3M for the same period.
F5's rule of 40 is 43% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
F5's rule of X is 51% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
F5 Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 43% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 51% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 25% | XXX | 28% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 10% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 15% | XXX | 17% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 56% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
F5 Public Comps
See public comps and valuation multiples for other Cybersecurity and Network Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| F5 | XXX | XXX | XXX | XXX | XXX | XXX |
| CyberArk Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Check Point Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Zscaler | XXX | XXX | XXX | XXX | XXX | XXX |
| Okta | XXX | XXX | XXX | XXX | XXX | XXX |
| Gen Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
F5 M&A Activity
F5 acquired XXX companies to date.
Last acquisition by F5 was on XXXXXXXX, XXXXX. F5 acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by F5
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialF5 Investment Activity
F5 invested in XXX companies to date.
F5 made its latest investment on XXXXXXXX, XXXXX. F5 invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by F5
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout F5
| When was F5 founded? | F5 was founded in 1996. |
| Where is F5 headquartered? | F5 is headquartered in United States. |
| How many employees does F5 have? | As of today, F5 has over 6K employees. |
| Who is the CEO of F5? | F5's CEO is Francois Locoh-Donou. |
| Is F5 publicly listed? | Yes, F5 is a public company listed on Nasdaq. |
| What is the stock symbol of F5? | F5 trades under FFIV ticker. |
| When did F5 go public? | F5 went public in 1999. |
| Who are competitors of F5? | F5 main competitors are CyberArk Software, Check Point Software, Zscaler, Okta. |
| What is the current market cap of F5? | F5's current market cap is $18B. |
| What is the current revenue of F5? | F5's last 12 months revenue is $3B. |
| What is the current revenue growth of F5? | F5 revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of F5? | Current revenue multiple of F5 is 5.2x. |
| Is F5 profitable? | Yes, F5 is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of F5? | F5's last 12 months EBITDA is $1B. |
| What is F5's EBITDA margin? | F5's last 12 months EBITDA margin is 37%. |
| What is the current EV/EBITDA multiple of F5? | Current EBITDA multiple of F5 is 14.0x. |
| What is the current FCF of F5? | F5's last 12 months FCF is $873M. |
| What is F5's FCF margin? | F5's last 12 months FCF margin is 27%. |
| What is the current EV/FCF multiple of F5? | Current FCF multiple of F5 is 19.1x. |
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