Is the business good?
How good a business is NTNX?
Nutanix, Inc. keeps 8.6% of every revenue dollar as operating profit, against 6.1% for the median Software - Infrastructure name.
8.6%
Operating margin · Software - Infrastructure median 6.1% · 12 months to Q3 2026
- Cash conversion
- 2.79×
Cash conversion · every dollar of reported profit arrived as cash, and more
- R&D as % of revenue
- 28%
R&D as % of revenue
- Gross margin
- 87%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −63% |
| FY2021 | −47% |
| FY2022 | −29% |
| FY2023 | −11% |
| FY2024 | 0.35% |
| FY2025 | 6.8% |
Details›
- Gross margin12 months to Q3 2026
- 87%
- Operating margin12 months to Q3 2026
- 8.6%
- Net margin12 months to Q3 2026
- 10%
- Free cash flow margin
- 28%
- R&D as % of revenue
- 28%
- Revenue, trailing twelve months
- $2.75B
- Free cash flow, trailing twelve months
- $771M
- Net income, trailing twelve months
- $276M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Infrastructure
Ranks #61 of 78 by Smart Score