Extreme Networks vs Netscout Systems
Extreme Networks is the larger business, with $1.28bn of revenue in fiscal 2026 against $859m for Netscout Systems (1.5 times as much). Extreme Networks grew faster (12.6% against 4.5%). Netscout Systems kept more of each dollar of sales as profit: a net margin of 11.1% against 3.3%. Netscout Systems carries less debt relative to equity (0.0% against 186.3%).
| Latest fiscal year | Extreme NetworksEXTR, 2026 | Netscout SystemsNTCT, 2026 |
|---|---|---|
| Revenue | $1.28bn | $859m |
| Revenue growth | 12.6% | 4.5% |
| Net income | $42.1m | $95.5m |
| Operating margin | 4.9% | 12.8% |
| Net margin | 3.3% | 11.1% |
| Return on equity | 54.6% | 6.0% |
| Free cash flow | $95.2m | $285m |
| Cash | $212m | $586m |
| Total debt | $165m | $0 |
| Debt to equity | 186.3% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $87.0m | $60.8m |
| Employees | — | 2,073 |
| Market value | $3.03bn | $2.77bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 58 (Moderate) | 59 (Moderate) |
| Insider trades, 12 months | 0 buys, 33 sales | 0 buys, 18 sales |