NTGR Technology

NETGEAR, Inc.

$21.82-2.06%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Technology
Industry: Communication Equipment
Country: United States
Market cap: 593.0M USD
Enterprise value: 371.0M USD
Full-time employees: 784

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 1.15 vs a peer median of 0.87)bigger price swings (beta 1.15 vs peers 0.87)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #1,456 of 1,612 technology companies (bottom 10%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.
NETGEAR made a loss per share in its latest year after a profit the year before.
Share count shrinking. Shares outstanding down 6.0% from December 2022 to July 2026.
NETGEAR had 6.0% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Not profitable yet. Reported a loss in the 12 months to June 2026.
NETGEAR reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

StockQuotient Score

25/ 100

Oct 5 25 → Nov 4 25

Valuation

Is the price right?

10/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-4.4%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield-3.7%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.17Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield-2.9%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield77.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

13/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -1.83Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth-6.6%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -1.45Sector median: 0.0483 · MAD: 0.0793

Revenue growth-0.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.89Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

16/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROIC
▼ ROA
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-4.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.58Sector median: 0.0631 · MAD: 0.0710

Return on assets-3.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.71Sector median: 0.0293 · MAD: 0.0362

Return on invested capital-9.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.89Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin40.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-5.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Debt / equity
▲ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.15

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.75Sector median: 0.8710 · MAD: 0.3700

Current ratio2.48×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.95Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.10×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.66Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about NETGEAR

Is NETGEAR getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 25/100 since Oct 28, 2026.
How is NETGEAR valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 10/100 against 1,711 technology peers. Earnings yield -4.4% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -4.4% vs peers 2.2% (weaker than 100% of peers).
Is NETGEAR growing?: More slowly than most of its peers. Growth scores 13/100 against 1,711 technology peers. 3-year revenue growth -6.6% vs a peer median of 4.8% (weaker than 84% of peers).3-year revenue growth -6.6% vs peers 4.8% (weaker than 84% of peers).
How profitable is NETGEAR?: Less profitable than most of its peers. Profitability scores 16/100 against 1,711 technology peers. Return on invested capital -9.5% vs a peer median of 6.8% (weaker than 87% of peers).Return on invested capital -9.5% vs peers 6.8% (weaker than 87% of peers).
How risky is NETGEAR?: Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.10× vs a peer median of 0.25× (stronger than 68% of peers).Debt / equity 0.10× vs peers 0.25× (stronger than 68% of peers). Beta 1.15 vs a peer median of 0.87 (weaker than 67% of peers).Beta 1.15 vs peers 0.87 (weaker than 67% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 28, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 29, 2026

No major changes

Worth watching: NETGEAR is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	696.4M USD	694.4M USD	−0.3%
Net income (12 months)	−25.0M USD	−25.8M USD	+3.3%
Operating margin	-5.0%	-4.9%	+0.1 pts
Free cash flow (12 months)	−10.9M USD	−17.3M USD	+57.6%
Cash	183.5M USD	174.3M USD	−5.0%
Shares outstanding	26.8M	27.2M	+1.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Technology · 320 companies

Valuations in Technology are above their usual range since 2016.

70% of months since 2016 were valued lower than now.
37% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +5% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +68% vs the whole market, against a usual +58%.

2016Shaded: most expensive fifth of its range2026

Shown for Technology: too few Communication Equipment companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	31.3%	26.9%	33.6%	29.1%	38.0%	▲ 9.0 pts
Operating margin	5.7%	-8.9%	-4.5%	1.8%	-4.9%	▼ 6.7 pts
Net margin	4.2%	-7.4%	-14.1%	1.8%	-2.6%	▼ 4.4 pts
Return on assets (ROA)	4.6%	-6.8%	-12.4%	1.5%	-2.1%	▼ 3.6 pts
Return on equity (ROE)	7.1%	-11.1%	-19.6%	2.3%	-3.6%	▼ 5.9 pts
Free cash flow margin	-1.2%	-2.1%	6.9%	23.1%	-2.7%	▼ 26 pts
Current ratio	2.59×	2.41×	2.83×	2.81×	2.69×	▼ 4.1%
Quick ratio	1.66×	1.55×	1.89×	2.20×	1.99×	▼ 9.9%

NTGR price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 1.15 vs a peer median of 0.87)bigger price swings (beta 1.15 vs peers 0.87)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #1,456 of 1,612 technology companies (bottom 10%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.

NETGEAR made a loss per share in its latest year after a profit the year before.

Share count shrinking. Shares outstanding down 6.0% from December 2022 to July 2026.

NETGEAR had 6.0% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Not profitable yet. Reported a loss in the 12 months to June 2026.

NETGEAR reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Questions investors ask about NETGEAR

Is NETGEAR getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 25/100 since Oct 28, 2026.

How is NETGEAR valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 10/100 against 1,711 technology peers. Earnings yield -4.4% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -4.4% vs peers 2.2% (weaker than 100% of peers).

Is NETGEAR growing?

More slowly than most of its peers. Growth scores 13/100 against 1,711 technology peers. 3-year revenue growth -6.6% vs a peer median of 4.8% (weaker than 84% of peers).3-year revenue growth -6.6% vs peers 4.8% (weaker than 84% of peers).

How profitable is NETGEAR?

Less profitable than most of its peers. Profitability scores 16/100 against 1,711 technology peers. Return on invested capital -9.5% vs a peer median of 6.8% (weaker than 87% of peers).Return on invested capital -9.5% vs peers 6.8% (weaker than 87% of peers).

How risky is NETGEAR?

Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.10× vs a peer median of 0.25× (stronger than 68% of peers).Debt / equity 0.10× vs peers 0.25× (stronger than 68% of peers). Beta 1.15 vs a peer median of 0.87 (weaker than 67% of peers).Beta 1.15 vs peers 0.87 (weaker than 67% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

696.4M USD

694.4M USD

−0.3%

Net income (12 months)

−25.0M USD

−25.8M USD

+3.3%

Operating margin

-5.0%

-4.9%

+0.1 pts

Free cash flow (12 months)

−10.9M USD

−17.3M USD

+57.6%

Cash

183.5M USD

174.3M USD

−5.0%

Shares outstanding

26.8M

27.2M

+1.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

31.3%

26.9%

33.6%

29.1%

38.0%

▲ 9.0 pts

Operating margin

5.7%

-8.9%

-4.5%

1.8%

-4.9%

▼ 6.7 pts

Net margin

4.2%

-7.4%

-14.1%

1.8%

-2.6%

▼ 4.4 pts

Return on assets (ROA)

4.6%

-6.8%

-12.4%

1.5%

-2.1%

▼ 3.6 pts

Return on equity (ROE)

7.1%

-11.1%

-19.6%

2.3%

-3.6%

▼ 5.9 pts

Free cash flow margin

-1.2%

-2.1%

6.9%

23.1%

-2.7%

▼ 26 pts

Current ratio

2.59×

2.41×

2.83×

2.81×

2.69×

▼ 4.1%

Quick ratio

1.66×

1.55×

1.89×

2.20×

1.99×

▼ 9.9%