NetScout Systems, Inc. (NTCT) Key Metrics
NTCT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.77B
- Enterprise value
- $2.27B
- P/E (TTM)
- 23.4 10-yr median 51.1
- Forward P/E
- 15.2
- PEG ratio
- 1.64
- Price / sales
- 3.1 10-yr median 2.4
- Price / book
- 1.7 10-yr median 1.1
- EV / EBITDA
- 11.4 10-yr median 14.9
- Dividend yield
- —
- Beta
- 0.69
NTCT key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsNTCT valuation Price multiples at each fiscal year-end price.
NTCT returns How much profit the business earns on the capital it uses.
NTCT per-share figures Results divided by the shares outstanding at year-end.
NTCT financial health Debt, liquidity and how easily interest is covered.
NTCT efficiency & capital use Working capital cycle and where the cash goes.
NTCT valuation history
NTCT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NTCT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NTCT cash returned to shareholders
NTCT price vs earnings per share
NTCT key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.28B | $1.52B | $1.56B | $2.09B | $2.41B | $2.08B | $1.78B | $2.21B | $2.33B | $3.53B |
| Enterprise value | $1.65B | $1.11B | $1.32B | $1.88B | $2.17B | $2.09B | $1.99B | $2.27B | $2.48B | $3.38B |
| P/E ratio | 23.9 | — | — | 35.1 | 67.1 | 107.4 | — | — | 29.1 | 105.9 |
| Price / sales | 2.7 | 1.9 | 1.9 | 2.3 | 2.8 | 2.5 | 2.0 | 2.4 | 2.4 | 3.0 |
| Price / book | 1.4 | 1.0 | 0.8 | 1.0 | 1.2 | 1.0 | 0.9 | 1.1 | 1.1 | 1.4 |
| Price / free cash flow | 8.0 | 7.2 | 29.7 | 14.3 | 8.4 | 10.5 | 8.7 | 17.5 | 11.3 | 18.0 |
| Price / operating cash flow | 7.7 | 7.0 | 26.5 | 13.4 | 8.1 | 9.7 | 7.9 | 14.7 | 10.5 | 15.5 |
| EV / sales | 1.9 | 1.3 | 1.6 | 2.1 | 2.5 | 2.5 | 2.2 | 2.5 | 2.5 | 2.9 |
| EV / EBITDA | 9.3 | — | — | 11.4 | 14.8 | 15.0 | 14.4 | 31.9 | 16.8 | 15.2 |
| EV / free cash flow | 5.8 | 5.3 | 25.2 | 12.9 | 7.6 | 10.6 | 9.7 | 18.0 | 12.0 | 17.3 |
| Earnings yield | 4.2% | −24.1% | −9.5% | 2.9% | 1.5% | 0.9% | −0.2% | −3.3% | 3.4% | 0.9% |
| Free cash flow yield | 12.5% | 13.8% | 3.4% | 7.0% | 11.9% | 9.5% | 11.5% | 5.7% | 8.9% | 5.5% |
| Dividend yield | — | — | — | — | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 2.7% | 1.7% | 3.2% | 7.2% | 1.5% | 0.2% | 9.8% | 0.7% | 21.6% | 2.5% |
| Share price at fiscal year-end | $31.79 | $21.01 | $21.84 | $28.65 | $32.08 | $28.16 | $23.67 | $28.07 | $26.35 | $37.95 |
| Per share | ||||||||||
| Revenue per share | $11.98 | $11.34 | $11.60 | $12.52 | $11.39 | $11.26 | $11.87 | $11.57 | $11.18 | $12.51 |
| Earnings per share | $1.33 | −$5.06 | −$2.07 | $0.82 | $0.48 | $0.26 | −$0.04 | −$0.93 | $0.90 | $0.36 |
| Operating cash flow per share | $4.11 | $3.00 | $0.82 | $2.14 | $3.94 | $2.90 | $2.99 | $1.91 | $2.52 | $2.45 |
| Free cash flow per share | $3.98 | $2.91 | $0.73 | $2.00 | $3.80 | $2.67 | $2.73 | $1.61 | $2.33 | $2.11 |
| Cash per share | $9.31 | $6.77 | $5.92 | $5.74 | $9.37 | $6.45 | $5.14 | $6.18 | $5.07 | $4.77 |
| Book value per share | $22.99 | $21.50 | $26.47 | $27.79 | $27.44 | $27.17 | $25.78 | $26.27 | $23.44 | $26.22 |
| Tangible book value per share | $5.08 | $3.10 | $1.13 | −$0.84 | −$1.28 | −$3.03 | −$4.92 | −$4.06 | −$5.39 | −$2.29 |
| Dividends per share | — | — | — | — | $0.00 | $0.00 | $0.00 | — | $0.00 | $0.00 |
| Capex per share | $0.13 | $0.09 | $0.09 | $0.15 | $0.14 | $0.22 | $0.27 | $0.30 | $0.19 | $0.35 |
| Debt per share | $0.55 | $1.05 | $2.55 | $2.87 | $6.25 | $6.57 | $8.00 | $7.00 | $6.80 | $3.23 |
| Shares outstanding | 71.7M | 72.6M | 71.5M | 73.0M | 75.1M | 73.8M | 75.2M | 78.6M | 88.3M | 92.9M |
| Change in shares outstanding | −1.2% | +1.5% | −2.2% | −2.7% | +1.7% | −1.8% | −4.4% | −10.9% | −5.0% | +13.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.0% | −21.3% | −7.5% | 2.9% | 1.8% | 1.0% | −0.1% | −3.5% | 3.5% | 1.4% |
| Return on invested capital (ROIC) | 8.3% | −20.8% | −6.8% | 3.7% | 2.1% | 1.5% | 0.4% | −2.6% | −0.1% | 1.7% |
| Return on assets (ROA) | 4.2% | −15.3% | −5.5% | 2.0% | 1.1% | 0.6% | −0.1% | −2.2% | 2.3% | 0.9% |
| Return on tangible assets | 8.9% | −43.1% | −18.8% | 8.2% | 3.5% | 2.3% | −0.3% | −8.3% | 9.7% | 3.5% |
| Free cash flow margin | 33.2% | 25.6% | 6.3% | 16.0% | 33.4% | 23.7% | 23.0% | 13.9% | 20.9% | 16.8% |
| Income quality (OCF / net income) | 3.08 | — | — | 2.63 | 8.25 | 11.05 | — | — | 2.79 | 6.84 |
| Financial health | ||||||||||
| Total debt | $39.6M | $76.0M | $182.6M | $209.3M | $469.3M | $484.9M | $601.7M | $550.0M | $600.0M | $300.0M |
| Cash & short-term investments | $668.0M | $491.5M | $423.1M | $419.0M | $703.2M | $476.5M | $386.5M | $486.0M | $447.8M | $442.8M |
| Net debt | −$628.4M | −$415.5M | −$240.5M | −$209.7M | −$233.9M | $8.4M | $215.2M | $64.0M | $152.2M | −$142.8M |
| Debt / equity | 0.02 | 0.05 | 0.10 | 0.10 | 0.23 | 0.24 | 0.31 | 0.27 | 0.29 | 0.12 |
| Debt / assets | 0.02 | 0.03 | 0.07 | 0.07 | 0.15 | 0.16 | 0.19 | 0.17 | 0.18 | 0.08 |
| Net debt / EBITDA | −3.56 | — | — | −1.27 | −1.59 | 0.06 | 1.55 | 0.90 | 1.03 | −0.64 |
| Current ratio | 1.83 | 1.75 | 1.70 | 1.36 | 1.94 | 1.76 | 1.65 | 2.11 | 1.82 | 1.86 |
| Quick ratio | 1.80 | 1.72 | 1.67 | 1.32 | 1.89 | 1.71 | 1.60 | 2.04 | 1.74 | 1.77 |
| Interest coverage | 65.5 | -51.3 | -17.3 | 7.6 | 6.0 | 3.4 | 0.9 | -2.7 | -0.3 | 6.8 |
| Working capital | $391.0M | $305.3M | $277.4M | $163.8M | $445.8M | $311.2M | $260.7M | $421.3M | $339.1M | $394.3M |
| Invested capital | $1.02B | $1.14B | $1.65B | $1.82B | $1.83B | $2.01B | $2.15B | $2.13B | $2.22B | $2.29B |
| Tangible asset value | $364.4M | $225.3M | $80.6M | −$61.3M | −$96.2M | −$223.6M | −$369.9M | −$319.2M | −$475.4M | −$213.2M |
| Net current asset value | $155.9M | $87.0M | −$30.7M | −$173.6M | −$212.4M | −$356.8M | −$522.8M | −$403.3M | −$547.4M | −$310.8M |
| Graham number | $26.25 | — | — | $22.59 | $17.18 | $12.66 | — | — | $21.84 | $14.54 |
| Graham net-net per share | $1.16 | −$0.09 | −$1.80 | −$3.49 | −$4.12 | −$6.03 | −$8.32 | −$6.73 | −$7.64 | −$5.18 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $2,000 | $2,000 | $2,000 | — | $0 | $0 |
| Share buybacks (net) | $60.8M | $25.3M | $50.0M | $150.0M | $35.7M | $3.3M | $175.0M | $14.5M | $501.3M | $89.6M |
| Dividend payout ratio | — | — | — | — | 0.0% | 0.0% | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 21.3% | 12.0% | 95.3% | 102.8% | 12.5% | 1.7% | 85.3% | 11.5% | 243.5% | 45.8% |
| Capex / revenue | 1.1% | 0.8% | 0.8% | 1.2% | 1.2% | 2.0% | 2.2% | 2.6% | 1.7% | 2.8% |
| Capex / operating cash flow | 3.1% | 3.1% | 10.8% | 6.8% | 3.5% | 7.7% | 8.9% | 15.7% | 7.5% | 14.1% |
| Capex / depreciation | 0.16 | 0.10 | 0.08 | 0.12 | 0.11 | 0.16 | 0.17 | 0.17 | 0.11 | 0.20 |
| Stock-based compensation / revenue | 7.0% | 7.9% | 8.5% | 6.8% | 6.6% | 6.2% | 5.7% | 6.2% | 4.8% | 3.4% |
| R&D / revenue | 18.5% | 18.6% | 19.4% | 19.3% | 20.0% | 21.6% | 21.1% | 22.4% | 21.8% | 20.0% |
| SG&A / revenue | 42.7% | 44.3% | 44.2% | 41.6% | 42.3% | 39.9% | 42.2% | 42.4% | 42.8% | 38.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 66.9 | 78.9 | 73.9 | 58.3 | 73.8 | 90.3 | 91.8 | 90.0 | 93.9 | 85.0 |
| Days of inventory on hand | 20.1 | 25.7 | 30.8 | 31.7 | 34.6 | 33.6 | 36.0 | 43.8 | 50.2 | 51.7 |
| Days payables outstanding | 34.3 | 33.4 | 30.2 | 31.4 | 34.0 | 31.2 | 33.6 | 39.3 | 45.3 | 42.9 |
| Cash conversion cycle (days) | 52.7 | 71.3 | 74.6 | 58.6 | 74.4 | 92.7 | 94.3 | 94.6 | 98.8 | 93.8 |
| Receivables turnover | 5.45 | 4.63 | 4.94 | 6.26 | 4.95 | 4.04 | 3.97 | 4.06 | 3.89 | 4.29 |
| Payables turnover | 10.63 | 10.93 | 12.10 | 11.61 | 10.73 | 11.70 | 10.86 | 9.29 | 8.05 | 8.51 |
| Inventory turnover | 18.14 | 14.18 | 11.85 | 11.50 | 10.55 | 10.87 | 10.14 | 8.33 | 7.27 | 7.06 |
| Asset turnover | 0.38 | 0.34 | 0.31 | 0.30 | 0.27 | 0.27 | 0.28 | 0.27 | 0.28 | 0.32 |
| Average receivables | $157.6M | $177.9M | $168.0M | $146.1M | $173.0M | $205.6M | $224.4M | $224.4M | $253.9M | $270.8M |
| Average payables | $20.9M | $16.4M | $15.5M | $19.2M | $20.0M | $19.0M | $22.3M | $27.4M | $33.8M | $40.7M |
| Average inventory | $12.2M | $12.6M | $15.8M | $19.4M | $20.3M | $20.4M | $23.9M | $30.5M | $37.4M | $49.0M |
| Intangibles / total assets | 54.6% | 61.1% | 69.8% | 74.1% | 67.5% | 72.3% | 74.0% | 72.9% | 75.5% | 73.6% |
Computed from NTCT's annual financial statements (latest annual report filed May 14, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NTCT valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), NetScout Systems traded at 23.9 times earnings, against a 10-year median of 51.1. Based on the latest twelve months, the trailing P/E is 23.4 and the forward P/E is 15.2. NetScout Systems earned a return on equity of 6.0% and a return on invested capital of 8.3% in fiscal 2026. It ended the year with $39.6 million of debt and $668.0 million in cash and short-term investments, a net cash position of $628.4 million. It returned $60.8 million to shareholders: $0 in dividends and $60.8 million in share buybacks, 21% of free cash flow. The share count fell 22.8% from 92.9M to 71.7M over 9 years.
See the NTCT income statement, the NTCT chart for price history, or the NTCT stock overview for the latest quote and news.
NTCT key metrics FAQ
What is NetScout Systems's P/E ratio?
NetScout Systems's trailing P/E ratio is 23.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 15.2. At the end of fiscal 2026 it was 23.9, compared with a 10-year median of 51.1.
What is NetScout Systems's EV/EBITDA?
NetScout Systems's enterprise value was 9.3 times EBITDA at the end of fiscal 2026 (enterprise value $1.7 billion, EBITDA $176.7 million); the current EV/EBITDA is 11.4.
What is NetScout Systems's return on equity?
NetScout Systems's return on equity (ROE) was 6.0% in fiscal 2026: net income of $95.5 million on average shareholders' equity of $1.6 billion.
What is NetScout Systems's ROIC?
NetScout Systems's return on invested capital was 8.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does NetScout Systems have?
NetScout Systems had total debt of $39.6 million at the end of fiscal 2026, a debt-to-equity ratio of 0.02 and more cash than debt.
Does NetScout Systems buy back its shares?
Yes. NetScout Systems spent $60.8 million on net share repurchases in fiscal 2026 Shares outstanding changed −1.2% over the year, to 71.7M..
What is NetScout Systems's free cash flow yield?
NetScout Systems generated $285.4 million of free cash flow in fiscal 2026, a free cash flow yield of 12.5% on its market value at year-end ($2.3 billion).
What is NetScout Systems's current ratio?
NetScout Systems's current ratio was 1.83 at the end of fiscal 2026: current assets were 1.83 times current liabilities.