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A10 Networks ATEN Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin79.3%0.0pp79.3%-0.3pp79.7%-0.1pp79.7%-0.3pp80%-0.3pp
Operating margin17.2%+0.9pp16.2%-1.5pp17.7%+0.4pp17.3%+0.3pp17%+0.2pp
Net margin14.9%+0.4pp14.5%-3.3pp17.8%-0.7pp18.5%-0.2pp18.7%-0.5pp
EBITDA margin22.3%+1.0pp21.3%-1.3pp22.6%+0.7pp22%+0.5pp21.5%+0.4pp
Free cash flow margin17.2%-5.1pp22.3%-3.0pp25.3%-0.2pp25.6%+2.6pp23%-6.9pp
Returns
Return on equity21.4%+2.4pp19%-4.9pp23.9%-0.5pp24.4%0.0pp24.4%+1.6pp
Return on assets7.2%-0.7pp7.9%-1.9pp9.8%-0.3pp10.2%+0.2pp10%-2.2pp
Return on invested capital18%+3.4pp14.7%-2.7pp17.4%-7.6pp25.1%-2.5pp27.5%+0.1pp
Efficiency
Asset turnover0.5×-0.1×0.5×0.0×0.6×0.0×0.6×0.0×0.5×-0.1×
Inventory turnover0.0×+0.3×2.7×+0.3×2.5×+0.1×2.4×+0.1×
Liquidity
Current ratio3.7×+0.2×3.6×-0.1×3.6×-0.6×4.2×+0.2×+1.6×
Quick ratio3.6×+0.1×3.4×-0.1×3.5×-0.5×+0.2×3.9×+1.6×
Cash ratio0.4×-0.1×0.5×-0.1×0.7×-1.7×2.3×+0.2×2.2×+1.4×
Leverage
Debt-to-equity0.0×1.1×0.0×1.1×0.0×1.1×0.0×1.2×+1.1×
Debt-to-assets0.4×0.0×0.4×0.0×0.4×0.0×0.4×0.0×0.4×+0.3×
Net debt / EBITDA2.5×0.0×2.5×+0.3×2.2×+2.6×-0.4×-0.1×-0.3×+1.2×
Per Share
Book value per share$3.03+5.4%$2.87+1.8%$2.82+1.2%$2.79+6.9%$2.61-15.2%
Valuation
Market capitalization$1.66B+30.7%$1.27B-3.1%$1.31B-0.9%$1.32B+9.4%$1.21B-11.0%
Enterprise value$1.83B+28.2%$1.43B-1.8%$1.45B+11.8%$1.3B+8.9%$1.19B-6.4%
Price / earnings37.2×+7.0×30.1×+4.2×25.9×0.0×25.9×+1.7×24.2×-2.9×
Price / sales5.5×+1.2×4.4×-0.2×4.6×-0.2×4.8×+0.3×4.5×-0.7×
Price / book7.5×+1.5×-0.4×6.4×-0.1×6.5×+0.3×6.2×+0.3×
EV / EBITDA27.4×+4.4×23×+0.4×22.5×+1.2×21.4×+0.6×20.7×-2.3×
EV / sales6.1×+1.2×4.9×-0.2×5.1×+0.4×4.7×+0.2×4.5×-0.4×
Free cash flow yield3.1%-2.0pp5.1%-0.4pp5.5%+0.2pp5.3%+0.3pp5.1%-0.7pp
Earnings yield2.7%-0.6pp3.3%-0.5pp3.9%0.0pp3.9%-0.3pp4.1%+0.4pp
Dividend yield1%-0.3pp1.4%0.0pp1.3%0.0pp1.3%-0.1pp1.5%+0.2pp

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Questions, answered.

What are A10 Networks's profit margins?
A10 Networks (ATEN) runs a 79.3% gross margin and a 17.2% operating margin, with a 14.9% net margin.
Where do A10 Networks's ratios come from?
Every ratio is computed from A10 Networks's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.