# FFIV · F5, Inc.

Snapshot 2026-10-26 · CIK 0001048695 · Nasdaq · Computer Communications Equipment

Price 455.42 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 25.79 B

Machine-readable: https://theclaudetrader.com/s/FFIV.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 40.0 (partial: 2b) · complete: False · missing tests: 2b · current inputs as of 2025-09-30 · stale inputs: Revenue · history 2014–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 3.09 revenue $B · threshold >= 1 · points 5.0/5
- 2a Current ratio: 1.66  · threshold >= 2.0 · points 10.0/15
- 2b Long-term debt vs working capital: None  · threshold <= 1.0 · points None/15
- 3 Positive earnings each of 10 years: 10 of 10  · threshold 10 of 10 · points 15.0/15
- 4 Dividends every year for 20 years: 0 of 20  · threshold 20 of 20 · points 0.0/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: 4.83 -> 9.30 (+92%)  · threshold >= +33% · points 10.0/10
- 6 P/E on 3-year average EPS: 49.0  · threshold <= 15 · points 0.0/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 6.69, product 327.5  · threshold <= 1.5 or <= 22.5 · points 0.0/10

Inputs:
  - Price (close, per traded unit): 455.42 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 3088072000.0 · 2025-09-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - current_assets: 2946973000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - current_liabilities: 1770166000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - equity: 3855729000.0 · 2026-06-30 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - Net income FY2016: 365855000.0 · 2016-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869518000031/ · unverified
  - Net income FY2017: 420761000.0 · 2017-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869519000034/ · unverified
  - Net income FY2018: 453689000.0 · 2018-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869520000041/ · unverified
  - Net income FY2019: 427734000.0 · 2019-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869521000044/ · unverified
  - Net income FY2020: 307441000.0 · 2020-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869522000033/ · unverified
  - Net income FY2021: 331241000.0 · 2021-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/ · unverified
  - Net income FY2022: 322160000.0 · 2022-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869524000185/ · unverified
  - Net income FY2023: 394948000.0 · 2023-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Net income FY2024: 566778000.0 · 2024-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Net income FY2025: 692380000.0 · 2025-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Dividend years (Yahoo): [] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/FFIV/history?filter=div · unverified
  - EPS diluted FY2014: 4.09 · 2014-09-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048695/000104869516000049/ · unverified
  - EPS diluted FY2015: 5.03 · 2015-09-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048695/000104869517000028/ · unverified
  - EPS diluted FY2016: 5.38 · 2016-09-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048695/000104869518000031/ · unverified
  - EPS diluted FY2023: 6.55 · 2023-09-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - EPS diluted FY2024: 9.55 · 2024-09-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - EPS diluted FY2025: 11.8 · 2025-09-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Shares outstanding: 56627182.0 · 2026-08-03 · SEC cover page 10-Q 0001048695-26-000067 (56,627,182 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ffiv-20260630.htm · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/R1.htm

### Magic Formula: — (insufficient data (debt unknown: no debt concept reported in the last 18 months)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula

### Momentum: 82.4 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: 51.1 % · threshold  · points 44.8/50
-  6 month return: 51.9 % · threshold  · points 18.8/20
-  Price / 52-week high: 0.949  · threshold  · points 14.2/15
-  Volatility penalty (60d annualised): 34.7 % · threshold  · points 4.5/15

Inputs:
  - Adjusted close series (14 months): 455.42 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.6 bp · threshold  · points -6.2/0

Inputs:
  - Form 4 S MEHTA NIKHIL RAMESH 2026-07-30: 268966.56 · 2026-07-30 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
  - Form 4 S MEHTA NIKHIL RAMESH 2026-07-30: 179045.94 · 2026-07-30 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
  - Form 4 S MEHTA NIKHIL RAMESH 2026-07-30: 386949.44 · 2026-07-30 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
  - Form 4 S MEHTA NIKHIL RAMESH 2026-07-30: 77560.56000000001 · 2026-07-30 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
  - Form 4 S MEHTA NIKHIL RAMESH 2026-07-30: 278267.7 · 2026-07-30 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
  - Form 4 S MEHTA NIKHIL RAMESH 2026-07-30: 365007.01 · 2026-07-30 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
  - excluded 2026-09-14 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-14 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-14 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-14 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-14 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-14 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-14 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-14 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-05 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-05 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-05 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-05 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-05 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-05 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-05 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-05 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-05 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-03 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-03 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-03 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-03 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-03 S: 10b5-1 plan ·  · rule · 

### Buffett Quality: 63.4 (partial: 4) · complete: False · missing tests: 4 · current inputs as of 2026-08-03 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 46, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 19.0% over 8 yrs  · threshold >= 15% · points 25.0/25
- 2 Profitable every year: 10 of 10  · threshold all years · points 15.0/15
- 3 Net income growth, 3-yr average now vs start of window: +4.2% a year  · threshold >= +10% · points 4.2/10
- 4 Borrowings / 3-yr average earnings (years to repay): None  · threshold <= 4 · points None/15
- 5 Operating margin, 5-yr average: 19.0%  · threshold >= 20% · points 9.2/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.43  · threshold >= 1.0 · points 10.0/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 2.9%  · threshold >= 7% · points 0.0/15

Inputs:
  - Price (close, per traded unit): 455.42 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2018: 453689000.0 · 2018-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869520000041/ · unverified
  - Equity at FY2018 end: 1285492000.0 · 2018-09-30 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1048695/000104869521000044/ · unverified
  - Net income FY2019: 427734000.0 · 2019-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869521000044/ · unverified
  - Equity at FY2019 end: 1761497000.0 · 2019-09-30 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1048695/000104869522000033/ · unverified
  - Net income FY2020: 307441000.0 · 2020-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869522000033/ · unverified
  - Equity at FY2020 end: 2232268000.0 · 2020-09-30 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/ · unverified
  - Net income FY2021: 331241000.0 · 2021-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/ · unverified
  - Equity at FY2021 end: 2360213000.0 · 2021-09-30 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1048695/000104869524000185/ · unverified
  - Net income FY2022: 322160000.0 · 2022-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869524000185/ · unverified
  - Equity at FY2022 end: 2468978000.0 · 2022-09-30 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Net income FY2023: 394948000.0 · 2023-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Equity at FY2023 end: 2800232000.0 · 2023-09-30 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Net income FY2024: 566778000.0 · 2024-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Equity at FY2024 end: 3129378000.0 · 2024-09-30 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - Net income FY2025: 692380000.0 · 2025-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Equity at FY2025 end: 3591999000.0 · 2025-09-30 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - Net income FY2016: 365855000.0 · 2016-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869518000031/ · unverified
  - Net income FY2017: 420761000.0 · 2017-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869519000034/ · unverified
  - Net income FY2018: 453689000.0 · 2018-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869520000041/ · unverified
  - Net income FY2019: 427734000.0 · 2019-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869521000044/ · unverified
  - Net income FY2020: 307441000.0 · 2020-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869522000033/ · unverified
  - Net income FY2021: 331241000.0 · 2021-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/ · unverified
  - Net income FY2022: 322160000.0 · 2022-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869524000185/ · unverified
  - Net income FY2023: 394948000.0 · 2023-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Net income FY2024: 566778000.0 · 2024-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Net income FY2025: 692380000.0 · 2025-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Operating income FY2021: 394025000.0 · 2021-09-30 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/ · unverified
  - Revenue FY2021: 2603416000.0 · 2021-09-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/ · unverified
  - Operating income FY2022: 403792000.0 · 2022-09-30 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869524000185/ · unverified
  - Revenue FY2022: 2695845000.0 · 2022-09-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048695/000104869524000185/ · unverified
  - Operating income FY2023: 472568000.0 · 2023-09-30 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Revenue FY2023: 2813169000.0 · 2023-09-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Operating income FY2024: 658591000.0 · 2024-09-30 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Revenue FY2024: 2816120000.0 · 2024-09-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Operating income FY2025: 765949000.0 · 2025-09-30 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Revenue FY2025: 3088072000.0 · 2025-09-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Operating cash flow FY2021: 645196000.0 · 2021-09-30 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/ · unverified
  - Capital expenditure FY2021: 30651000.0 · 2021-09-30 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/ · unverified
  - Operating cash flow FY2022: 442631000.0 · 2022-09-30 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1048695/000104869524000185/ · unverified

### Lynch GARP: 32.9 (partial: 4, 6) · complete: False · missing tests: 4, 6 · current inputs as of None · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 2, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): 2.07  · threshold <= 1.0 · points 0.0/30
- 2 EPS growth, 5-yr compound rate: +18.7% a year  · threshold 12% to 35% a year · points 20.0/20
- 3 P/E on latest annual EPS: 38.6  · threshold <= 25 · points 0.9/10
- 4 Borrowings / equity: None  · threshold <= 0.5 · points None/15
- 5 Years of the last 5 in which EPS rose: 4 of 5  · threshold 5 of 5 · points 12.0/15
- 6 Net cash (cash minus borrowings) / market cap: None  · threshold >= +10% · points None/10

Inputs:
  - Price (close, per traded unit): 455.42 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 11.8 · 2025-09-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - EPS diluted FY2020: 5.01 · 2020-09-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048695/000104869522000033/ · unverified

### Graham Enterprising: 40.0 (partial: 2) · complete: False · missing tests: 2 · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 10, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 1.66  · threshold >= 1.5 · points 15.0/15
- 2 Borrowings vs working capital: None  · threshold <= 1.1x · points None/15
- 3 No earnings deficit in the last 5 years: 5 of 5 profitable  · threshold 5 of 5 · points 15.0/15
- 4 Pays a current dividend: no  · threshold yes · points 0.0/10
- 5 EPS higher than five years earlier: 5.01 -> 11.80  · threshold higher · points 10.0/10
- 6 Price / book value per share: 6.69  · threshold <= 1.2 · points 0.0/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 455.42 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 2946973000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - current_liabilities: 1770166000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - Net income FY2021: 331241000.0 · 2021-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/ · unverified
  - Net income FY2022: 322160000.0 · 2022-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869524000185/ · unverified
  - Net income FY2023: 394948000.0 · 2023-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Net income FY2024: 566778000.0 · 2024-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Net income FY2025: 692380000.0 · 2025-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - Dividend years (Yahoo): [] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/FFIV/history?filter=div
  - EPS diluted FY2025: 11.8 · 2025-09-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - EPS diluted FY2020: 5.01 · 2020-09-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048695/000104869522000033/ · unverified
  - equity: 3855729000.0 · 2026-06-30 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - Shares outstanding: 56627182.0 · 2026-08-03 · SEC cover page 10-Q 0001048695-26-000067 (56,627,182 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ffiv-20260630.htm · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/R1.htm

### Piotroski F-Score: 77.8 (partial: 5) · complete: False · missing tests: 5 · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 23, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 11.0%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 950M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: 10.1% -> 11.0%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 950M vs 692M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: None  · threshold pass = 1 · points None/11.11111111111111
- 6 Current ratio improved: 1.42 -> 1.56  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 7 No new shares issued (share count did not rise): 57M -> 57M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 23.4% -> 24.8%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 0.50 -> 0.49  · threshold pass = 1 · points 0.0/11.11111111111111

Inputs:
  - net_income 2025-09-30: 692380000.0 · 2025-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - total_assets 2025-09-30: 6319492000.0 · 2025-09-30 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - cfo 2025-09-30: 949666000.0 · 2025-09-30 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - net_income 2025-09-30: 692380000.0 · 2025-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - net_income 2024-09-30: 566778000.0 · 2024-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - total_assets 2025-09-30: 6319492000.0 · 2025-09-30 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - total_assets 2024-09-30: 5613004000.0 · 2024-09-30 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - cfo 2025-09-30: 949666000.0 · 2025-09-30 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - net_income 2025-09-30: 692380000.0 · 2025-09-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - current_assets 2025-09-30: 2518701000.0 · 2025-09-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - current_assets 2024-09-30: 2109471000.0 · 2024-09-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - current_liabilities 2025-09-30: 1612581000.0 · 2025-09-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - current_liabilities 2024-09-30: 1489653000.0 · 2024-09-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - shares_out 2026-08-03: 56627182.0 · 2026-08-03 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - shares_out 2025-07-30: 57447170.0 · 2025-07-30 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000129/ · unverified
  - operating_income 2025-09-30: 765949000.0 · 2025-09-30 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - operating_income 2024-09-30: 658591000.0 · 2024-09-30 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - revenue 2025-09-30: 3088072000.0 · 2025-09-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - revenue 2024-09-30: 2816120000.0 · 2024-09-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - revenue 2025-09-30: 3088072000.0 · 2025-09-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - revenue 2024-09-30: 2816120000.0 · 2024-09-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified
  - total_assets 2025-09-30: 6319492000.0 · 2025-09-30 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ · unverified
  - total_assets 2024-09-30: 5613004000.0 · 2024-09-30 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 455.42 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 56,627,182 underlying shares, period 2026-08-03, SEC cover page 10-Q 0001048695-26-000067 (56,627,182 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ffiv-20260630.htm, accession 0001048695-26-000067 · https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 25,789,151,226 USD; 455.42 (price 2026-10-23) / 1 x 56,627,182 (shares at 2026-08-03) = 25,789,151,226

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2013 (ended 2013-09-30): 1481314000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869515000020/
- FY2014 (ended 2014-09-30): 1732046000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869516000049/
- FY2015 (ended 2015-09-30): 1919823000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869517000028/
- FY2016 (ended 2016-09-30): 1995034000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869518000031/
- FY2017 (ended 2017-09-30): 2090041000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869519000034/
- FY2018 (ended 2018-09-30): 2161407000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869520000041/
- FY2019 (ended 2019-09-30): 2242447000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869521000044/
- FY2020 (ended 2020-09-30): 2350822000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869522000033/
- FY2021 (ended 2021-09-30): 2603416000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/
- FY2022 (ended 2022-09-30): 2695845000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869524000185/
- FY2023 (ended 2023-09-30): 2813169000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/
- FY2024 (ended 2024-09-30): 2816120000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/
- FY2025 (ended 2025-09-30): 3088072000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/

## Net income by fiscal year (SEC XBRL)

- FY2013 (ended 2013-09-30): 277314000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869515000020/
- FY2014 (ended 2014-09-30): 311183000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869516000049/
- FY2015 (ended 2015-09-30): 365014000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869517000028/
- FY2016 (ended 2016-09-30): 365855000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869518000031/
- FY2017 (ended 2017-09-30): 420761000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869519000034/
- FY2018 (ended 2018-09-30): 453689000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869520000041/
- FY2019 (ended 2019-09-30): 427734000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869521000044/
- FY2020 (ended 2020-09-30): 307441000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869522000033/
- FY2021 (ended 2021-09-30): 331241000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869523000039/
- FY2022 (ended 2022-09-30): 322160000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869524000185/
- FY2023 (ended 2023-09-30): 394948000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/
- FY2024 (ended 2024-09-30): 566778000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/
- FY2025 (ended 2025-09-30): 692380000.0 · https://www.sec.gov/Archives/edgar/data/1048695/000104869525000157/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2013 (ended 2013-09-30): 3.5 [filed 3.5, split factor 1.0]
- FY2014 (ended 2014-09-30): 4.09 [filed 4.09, split factor 1.0]
- FY2015 (ended 2015-09-30): 5.03 [filed 5.03, split factor 1.0]
- FY2016 (ended 2016-09-30): 5.38 [filed 5.38, split factor 1.0]
- FY2017 (ended 2017-09-30): 6.5 [filed 6.5, split factor 1.0]
- FY2018 (ended 2018-09-30): 7.32 [filed 7.32, split factor 1.0]
- FY2019 (ended 2019-09-30): 7.08 [filed 7.08, split factor 1.0]
- FY2020 (ended 2020-09-30): 5.01 [filed 5.01, split factor 1.0]
- FY2021 (ended 2021-09-30): 5.34 [filed 5.34, split factor 1.0]
- FY2022 (ended 2022-09-30): 5.27 [filed 5.27, split factor 1.0]
- FY2023 (ended 2023-09-30): 6.55 [filed 6.55, split factor 1.0]
- FY2024 (ended 2024-09-30): 9.55 [filed 9.55, split factor 1.0]
- FY2025 (ended 2025-09-30): 11.8 [filed 11.8, split factor 1.0]

## Dividend years (Yahoo history)

none

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-09-14 S Maddison John Anthony (officer) 204 @ 406.24 = 82873 · https://www.sec.gov/Archives/edgar/data/1048695/000204605426000010/
- 2026-09-14 S MONTOYA MICHAEL F (officer) 920 @ 412.38 = 379390 · https://www.sec.gov/Archives/edgar/data/1048695/000186946626000012/
- 2026-09-14 S MONTOYA MICHAEL F (officer) 1296 @ 406.24 = 526487 · https://www.sec.gov/Archives/edgar/data/1048695/000186946626000012/
- 2026-09-14 S MONTOYA MICHAEL F (officer) 240 @ 408.96 = 98150 · https://www.sec.gov/Archives/edgar/data/1048695/000186946626000012/
- 2026-09-14 S MONTOYA MICHAEL F (officer) 277 @ 410.37 = 113672 · https://www.sec.gov/Archives/edgar/data/1048695/000186946626000012/
- 2026-09-14 S MONTOYA MICHAEL F (officer) 1173 @ 411.50 = 482690 · https://www.sec.gov/Archives/edgar/data/1048695/000186946626000012/
- 2026-09-14 S MONTOYA MICHAEL F (officer) 440 @ 413.31 = 181856 · https://www.sec.gov/Archives/edgar/data/1048695/000186946626000012/
- 2026-09-14 S MONTOYA MICHAEL F (officer) 80 @ 414.18 = 33134 · https://www.sec.gov/Archives/edgar/data/1048695/000186946626000012/
- 2026-08-05 S Locoh-Donou Francois (CEO) 320 @ 414.10 = 132512 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000017/
- 2026-08-05 S Locoh-Donou Francois (CEO) 642 @ 411.82 = 264388 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000017/
- 2026-08-05 S Locoh-Donou Francois (CEO) 1100 @ 410.94 = 452034 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000017/
- 2026-08-05 S Locoh-Donou Francois (CEO) 200 @ 409.68 = 81936 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000017/
- 2026-08-05 S Locoh-Donou Francois (CEO) 284 @ 415.03 = 117869 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000017/
- 2026-08-05 S Locoh-Donou Francois (CEO) 200 @ 415.97 = 83194 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000017/
- 2026-08-05 S Locoh-Donou Francois (CEO) 40 @ 416.83 = 16673 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000017/
- 2026-08-05 S Locoh-Donou Francois (CEO) 996 @ 412.90 = 411248 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000017/
- 2026-08-05 S FOUNTAIN THOMAS DEAN (officer) 1208 @ 414.63 = 500873 · https://www.sec.gov/Archives/edgar/data/1048695/000172833026000016/
- 2026-08-03 S ANAND KUNAL (officer) 392 @ 404.63 = 158615 · https://www.sec.gov/Archives/edgar/data/1048695/000201685726000008/
- 2026-08-03 S Maddison John Anthony (officer) 1000 @ 405.85 = 405850 · https://www.sec.gov/Archives/edgar/data/1048695/000204605426000008/
- 2026-08-03 S OKEKE ANGELIQUE M (officer) 515 @ 404.49 = 208312 · https://www.sec.gov/Archives/edgar/data/1048695/000206065026000008/
- 2026-08-03 S Werner Edward Cooper (CFO) 599 @ 405.92 = 243146 · https://www.sec.gov/Archives/edgar/data/1048695/000204264726000014/
- 2026-08-03 S WHALEN CHAD MICHAEL (officer) 703 @ 404.86 = 284617 · https://www.sec.gov/Archives/edgar/data/1048695/000174664026000008/
- 2026-07-30 S MEHTA NIKHIL RAMESH (director) 692 @ 388.68 = 268967 · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
- 2026-07-30 S MEHTA NIKHIL RAMESH (director) 458 @ 390.93 = 179046 · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
- 2026-07-30 S MEHTA NIKHIL RAMESH (director) 992 @ 390.07 = 386949 · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
- 2026-07-30 S MEHTA NIKHIL RAMESH (director) 198 @ 391.72 = 77561 · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
- 2026-07-30 S MEHTA NIKHIL RAMESH (director) 717 @ 388.10 = 278268 · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
- 2026-07-30 S MEHTA NIKHIL RAMESH (director) 943 @ 387.07 = 365007 · https://www.sec.gov/Archives/edgar/data/1048695/000176472726000008/
- 2026-06-10 S Buse Elizabeth (director) 40 @ 401.05 = 16042 · https://www.sec.gov/Archives/edgar/data/1048695/000142842526000004/
- 2026-06-10 S Buse Elizabeth (director) 120 @ 400.58 = 48070 · https://www.sec.gov/Archives/edgar/data/1048695/000142842526000004/
- 2026-06-10 S Buse Elizabeth (director) 626 @ 399.29 = 249956 · https://www.sec.gov/Archives/edgar/data/1048695/000142842526000004/
- 2026-06-10 S Buse Elizabeth (director) 214 @ 398.53 = 85285 · https://www.sec.gov/Archives/edgar/data/1048695/000142842526000004/
- 2026-06-02 S Werner Edward Cooper (CFO) 2500 @ 400.00 = 1000000 · https://www.sec.gov/Archives/edgar/data/1048695/000204264726000012/
- 2026-05-08 S Werner Edward Cooper (CFO) 1500 @ 350.00 = 525000 · https://www.sec.gov/Archives/edgar/data/1048695/000204264726000010/
- 2026-05-08 S WHALEN CHAD MICHAEL (officer) 6200 @ 350.19 = 2171178 · https://www.sec.gov/Archives/edgar/data/1048695/000174664026000006/
- 2026-05-05 S FOUNTAIN THOMAS DEAN (officer) 1328 @ 330.58 = 439010 · https://www.sec.gov/Archives/edgar/data/1048695/000172833026000012/
- 2026-05-05 S Locoh-Donou Francois (CEO) 1332 @ 336.92 = 448777 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000010/
- 2026-05-05 S Locoh-Donou Francois (CEO) 480 @ 338.60 = 162528 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000010/
- 2026-05-05 S Locoh-Donou Francois (CEO) 1268 @ 337.78 = 428305 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000010/
- 2026-05-05 S Locoh-Donou Francois (CEO) 383 @ 339.88 = 130174 · https://www.sec.gov/Archives/edgar/data/1048695/000152662426000010/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001048695
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001048695.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001048695&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001048695&type=8-K
- yahoo: https://finance.yahoo.com/quote/FFIV
- stooq: https://stooq.com/q/d/?s=ffiv.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=FFIV
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=FFIV
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/ffiv/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/FFIV
- openinsider (link only, nothing stored): http://openinsider.com/search?q=FFIV
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=FFIV+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/FFIV; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.