F5 vs Ubiquiti
F5 and Ubiquiti are similar in size: $3.09bn and $3.27bn of revenue in their latest fiscal years. Ubiquiti grew faster (27.2% against 9.7%). Ubiquiti kept more of each dollar of sales as profit: a net margin of 29.3% against 22.4%. F5 carries less debt relative to equity (0.0% against 3.3%).
| Latest fiscal year | F5FFIV, 2025 | UbiquitiUI, 2026 |
|---|---|---|
| Revenue | $3.09bn | $3.27bn |
| Revenue growth | 9.7% | 27.2% |
| Net income | $692m | $960m |
| Operating margin | 24.8% | 36.2% |
| Net margin | 22.4% | 29.3% |
| Return on equity | 20.6% | 91.1% |
| Free cash flow | $906m | $909m |
| Cash | $1.34bn | $523m |
| Total debt | $0 | $47.5m |
| Debt to equity | 0.0% | 3.3% |
| Dividend per share | — | $3.20 |
| Dividend yield | — | 0.6% |
| Share buybacks | $502m | — |
| Employees | 6,578 | 1,818 |
| Market value | $18.80bn | $33.05bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 82 (Strong) | 86 (Strong) |
| Insider trades, 12 months | 0 buys, 97 sales | 0 buys, 2 sales |