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Extreme Networks vs F5: revenue, profit, margins and growth compared

Extreme Networks brought in $1.3B of revenue in fiscal 2026, F5 $3.1B in fiscal 2025. Revenue changed by +12.6% at Extreme Networks and +9.7% at F5 on the year before, so Extreme Networks grew faster. Extreme Networks kept 3.3% of its revenue as net profit, F5 22.4%. Free cash flow was $95.2M at Extreme Networks and $906.4M at F5.

Side by side, latest fiscal year

EXTRFFIV
Fiscal year endedFY2026 (June 30, 2026)FY2025 (September 30, 2025)
Revenue$1.3B$3.1B
Revenue growth+12.6%+9.7%
Net income$42.1M$692.4M
Net margin3.3%22.4%
Free cash flow$95.2M$906.4M
Free cash flow margin7.4%29.4%
Earnings per share (diluted)$0.31$11.80
Cash$211.8M$1.3B
Debt$165Mn/a
Price to earnings69.437.5
Market value$2.8B$25.1B
Dividend yieldn/an/a
Rank by revenue in sector#22 of 51 · Telecommunications#15 of 51 · Telecommunications

Over the years

Revenue
EXTR FY2019: $995.8MEXTR FY2020: $948MEXTR FY2021: $1BEXTR FY2022: $1.1BEXTR FY2023: $1.3BEXTR FY2024: $1.1BEXTR FY2025: $1.1BEXTR FY2026: $1.3BFFIV FY2018: $2.2BFFIV FY2019: $2.2BFFIV FY2020: $2.4BFFIV FY2021: $2.6BFFIV FY2022: $2.7BFFIV FY2023: $2.8BFFIV FY2024: $2.8BFFIV FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
EXTR $1.3BFFIV $3.1B
Net income
EXTR FY2019: -$25.9MEXTR FY2020: -$126.8MEXTR FY2021: $1.9MEXTR FY2022: $44.3MEXTR FY2023: $78.1MEXTR FY2024: -$86MEXTR FY2025: -$7.5MEXTR FY2026: $42.1MFFIV FY2018: $453.7MFFIV FY2019: $427.7MFFIV FY2020: $307.4MFFIV FY2021: $331.2MFFIV FY2022: $322.2MFFIV FY2023: $394.9MFFIV FY2024: $566.8MFFIV FY2025: $692.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
EXTR $42.1MFFIV $692.4M
Net margin
EXTR FY2019: -2.6%EXTR FY2020: -13.4%EXTR FY2021: 0.2%EXTR FY2022: 4.0%EXTR FY2023: 5.9%EXTR FY2024: -7.7%EXTR FY2025: -0.7%EXTR FY2026: 3.3%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
EXTR 3.3%FFIV 22.4%
Revenue growth
EXTR FY2020: -4.8%EXTR FY2021: +6.5%EXTR FY2022: +10.2%EXTR FY2023: +18.0%EXTR FY2024: -14.9%EXTR FY2025: +2.0%EXTR FY2026: +12.6%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
EXTR +12.6%FFIV +9.7%
Free cash flow
EXTR FY2019: $82.2MEXTR FY2020: $20.6MEXTR FY2021: $127.4MEXTR FY2022: $112.7MEXTR FY2023: $235.4MEXTR FY2024: $37.4MEXTR FY2025: $127.3MEXTR FY2026: $95.2MFFIV FY2018: $707.6MFFIV FY2019: $644.3MFFIV FY2020: $601MFFIV FY2021: $614.5MFFIV FY2022: $409MFFIV FY2023: $599.2MFFIV FY2024: $762MFFIV FY2025: $906.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
EXTR $95.2MFFIV $906.4M

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

Questions about Extreme Networks and F5

Which is bigger by revenue, Extreme Networks or F5?

F5 is bigger by revenue: $3.1B in fiscal 2025, against $1.3B for Extreme Networks in fiscal 2026.

Which keeps more of its revenue as profit, Extreme Networks or F5?

Extreme Networks had a net margin of 3.3% in fiscal 2026; F5 had 22.4% in fiscal 2025.

Which grew revenue faster, Extreme Networks or F5?

In their latest fiscal years revenue changed by +12.6% at Extreme Networks 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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