FFIVF5, Inc.

$435.37+38% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 71 out of 100, Above average

Above average. F5, Inc. scores higher than 76% of the 1,794 companies Ryufin scores.

Carried by return on new capital and return on capital, held back by cycle position.

Technology median 48 · all companies 57

How the score has moved

At each fiscal year end, from the reports and price of the time
76
63
66
66
71
2020202120222023today

The biggest move was down 13 points from 2020 to 2021, mostly valuation.

Valuation

26% of the score, 28% here after data gaps

49median 56

F5, Inc. is valued at 25.6x its operating profit before acquisition amortisation (EBITA), including debt: a rich multiple.

60x
50x
35x
25x
18x
12x
8x
25.6x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score, 20% here after data gaps

85median 34

Over 7 years the business earned 17% a year after tax on the capital it uses.

2%
8%
15%
25%
17%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 20%

Return on new capital

16% of the score, 17% here after data gaps

100median 49

For every dollar of operating profit earned over 6 years, yearly profit grew by 12 cents. New capital earned 37%, and 33% of profit went back into the business.

-5%
12%
12%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score, 15% here after data gaps

77median 67

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countDown 0.9% a year over 5 years: buybacks
74
5%
-3%
-0.9%
0 pointsfull points
Assets against salesAssets grew 6.2% a year, sales 5.6%
82
12%
-2%
0.6%
0 pointsfull points

Cycle position

12% of the score, 13% here after data gaps

45median 62

Today's operating margin of 25% is 1.25x its normal 20%: above its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
1.3x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 25%

Balance sheet

Taken out: its 8% is shared by the others

n/ano data

No debt or interest figures on file.

Earnings quality

6% of the score, 7% here after data gaps

87median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 1.45x profit over 3 years
100
0.7x
1x
1.3x
1.4x
0 pointsfull points
AccrualsCash ran ahead of profit by 4.3% of assets
82
8%
0%
-8%
-4.3%
0 pointsfull points
Beneish M-score-2.62
81
-1.50
-1.78
-2.22
-3.00
-2.62
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. For FFIV, balance sheet could not be measured from the filings, so it is taken out and the remaining weights scale up.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.