F5 vs Viavi Solutions
F5 reported revenue of $3.1 billion in fiscal 2025, 2.0 times Viavi Solutions' $1.5 billion in fiscal 2026. F5's revenue grew 9.7% in its latest year, and Viavi Solutions' grew 40.0%. F5 had an operating margin of 24.8%, against 6.9% at Viavi Solutions. Free cash flow was $906 million at F5 and $83 million at Viavi Solutions. Their fiscal years end in different months (September 30 and June 27), so the periods don't line up exactly.
Side by side
| F5 | Viavi Solutions | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2026, Jun 27, 2026 |
| Revenue | $3.1B | $1.5B |
| Revenue growth | 9.7% | 40.0% |
| Revenue growth a year, last 5 years | 5.6% | 4.8% |
| Gross margin | 81.4% | 57.7% |
| Operating margin | 24.8% | 6.9% |
| Net margin | 22.4% | −2.0% |
| Free cash flow | $906M | $83M |
| Free cash flow margin | 29.4% | 5.5% |
| Return on capital | 30.5% | 4.3% |
| Net debt to EBITDA | −1.6x | −0.1x |
| Dividends and buybacks | $502M | $30M |
| Change in diluted share count | −1.1% | 1.7% |
| Last close | $461.60 | $31.88 |
| P/E at the last close | 36.8× | — |
| Insider trades, last 12 months | sold $29.1 million | sold $61.7 million |
| Piotroski F-score | 8 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
F5Viavi Solutions
Operating margin
Percent of revenue
F5Viavi Solutions
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
F5Viavi Solutions
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the F5 and Viavi Solutions pages.