F5 vs Viasat
Viasat is the larger business, with $4.64bn of revenue in fiscal 2026 against $3.09bn for F5 (1.5 times as much). F5 grew faster (9.7% against 2.7%). F5 kept more of each dollar of sales as profit: a net margin of 22.4% against -0.7%. F5 carries less debt relative to equity (0.0% against 141.3%).
| Latest fiscal year | F5FFIV, 2025 | ViasatVSAT, 2026 |
|---|---|---|
| Revenue | $3.09bn | $4.64bn |
| Revenue growth | 9.7% | 2.7% |
| Net income | $692m | −$34.1m |
| Operating margin | 24.8% | 2.3% |
| Net margin | 22.4% | -0.7% |
| Return on equity | 20.6% | -0.7% |
| Free cash flow | $906m | $1.59bn |
| Cash | $1.34bn | $1.75bn |
| Total debt | $0 | $6.59bn |
| Debt to equity | 0.0% | 141.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $502m | — |
| Employees | 6,578 | — |
| Market value | $18.80bn | $10.33bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 82 (Strong) | 19 (Weak) |
| Insider trades, 12 months | 0 buys, 97 sales | 0 buys, 63 sales |