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Cisco Systems vs F5: revenue, profit, margins and growth compared

Cisco Systems brought in $63.3B of revenue in fiscal 2026, F5 $3.1B in fiscal 2025. Revenue changed by +11.8% at Cisco Systems and +9.7% at F5 on the year before, so Cisco Systems grew faster. Cisco Systems kept 21.0% of its revenue as net profit, F5 22.4%. Free cash flow was $12.8B at Cisco Systems and $906.4M at F5.

Side by side, latest fiscal year

CSCOFFIV
Fiscal year endedFY2026 (July 25, 2026)FY2025 (September 30, 2025)
Revenue$63.3B$3.1B
Revenue growth+11.8%+9.7%
Net income$13.3B$692.4M
Net margin21.0%22.4%
Free cash flow$12.8B$906.4M
Free cash flow margin20.2%29.4%
Earnings per share (diluted)$3.33$11.80
Cash$7.2B$1.3B
Debt$22.9Bn/a
Price to earnings32.037.5
Market value$420.6B$25.1B
Dividend yield1.56%n/a
Rank by revenue in sector#5 of 51 · Telecommunications#15 of 51 · Telecommunications

Over the years

Revenue
CSCO FY2019: $51.9BCSCO FY2020: $49.3BCSCO FY2021: $49.8BCSCO FY2022: $51.6BCSCO FY2023: $57BCSCO FY2024: $53.8BCSCO FY2025: $56.7BCSCO FY2026: $63.3BFFIV FY2018: $2.2BFFIV FY2019: $2.2BFFIV FY2020: $2.4BFFIV FY2021: $2.6BFFIV FY2022: $2.7BFFIV FY2023: $2.8BFFIV FY2024: $2.8BFFIV FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO $63.3BFFIV $3.1B
Net income
CSCO FY2019: $11.6BCSCO FY2020: $11.2BCSCO FY2021: $10.6BCSCO FY2022: $11.8BCSCO FY2023: $12.6BCSCO FY2024: $10.3BCSCO FY2025: $10.2BCSCO FY2026: $13.3BFFIV FY2018: $453.7MFFIV FY2019: $427.7MFFIV FY2020: $307.4MFFIV FY2021: $331.2MFFIV FY2022: $322.2MFFIV FY2023: $394.9MFFIV FY2024: $566.8MFFIV FY2025: $692.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO $13.3BFFIV $692.4M
Net margin
CSCO FY2019: 22.4%CSCO FY2020: 22.7%CSCO FY2021: 21.3%CSCO FY2022: 22.9%CSCO FY2023: 22.1%CSCO FY2024: 19.2%CSCO FY2025: 18.0%CSCO FY2026: 21.0%FFIV FY2018: 21.0%FFIV FY2019: 19.1%FFIV FY2020: 13.1%FFIV FY2021: 12.7%FFIV FY2022: 12.0%FFIV FY2023: 14.0%FFIV FY2024: 20.1%FFIV FY2025: 22.4%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO 21.0%FFIV 22.4%
Revenue growth
CSCO FY2020: -5.0%CSCO FY2021: +1.0%CSCO FY2022: +3.5%CSCO FY2023: +10.6%CSCO FY2024: -5.6%CSCO FY2025: +5.3%CSCO FY2026: +11.8%FFIV FY2019: +3.7%FFIV FY2020: +4.8%FFIV FY2021: +10.7%FFIV FY2022: +3.6%FFIV FY2023: +4.4%FFIV FY2024: +0.1%FFIV FY2025: +9.7%FY19FY20FY21FY22FY23FY24FY25FY26
CSCO +11.8%FFIV +9.7%
Free cash flow
CSCO FY2019: $14.9BCSCO FY2020: $14.7BCSCO FY2021: $14.8BCSCO FY2022: $12.7BCSCO FY2023: $19BCSCO FY2024: $10.2BCSCO FY2025: $13.3BCSCO FY2026: $12.8BFFIV FY2018: $707.6MFFIV FY2019: $644.3MFFIV FY2020: $601MFFIV FY2021: $614.5MFFIV FY2022: $409MFFIV FY2023: $599.2MFFIV FY2024: $762MFFIV FY2025: $906.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO $12.8BFFIV $906.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cisco Systems and F5

Which is bigger by revenue, Cisco Systems or F5?

Cisco Systems is bigger by revenue: $63.3B in fiscal 2026, against $3.1B for F5 in fiscal 2025.

Which keeps more of its revenue as profit, Cisco Systems or F5?

Cisco Systems had a net margin of 21.0% in fiscal 2026; F5 had 22.4% in fiscal 2025.

Which grew revenue faster, Cisco Systems or F5?

In their latest fiscal years revenue changed by +11.8% at Cisco Systems and +9.7% at F5.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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