A10 Networks ATEN Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 79.3%0.0pp | 79.3%-0.3pp | 79.7%-0.1pp | 79.7%-0.3pp | 80%-0.3pp | |
| Operating margin | 17.2%+0.9pp | 16.2%-1.5pp | 17.7%+0.4pp | 17.3%+0.3pp | 17%+0.2pp | |
| Net margin | 14.9%+0.4pp | 14.5%-3.3pp | 17.8%-0.7pp | 18.5%-0.2pp | 18.7%-0.5pp | |
| EBITDA margin | 22.3%+1.0pp | 21.3%-1.3pp | 22.6%+0.7pp | 22%+0.5pp | 21.5%+0.4pp | |
| Free cash flow margin | 17.2%-5.1pp | 22.3%-3.0pp | 25.3%-0.2pp | 25.6%+2.6pp | 23%-6.9pp | |
| Returns | ||||||
| Return on equity | 21.4%+2.4pp | 19%-4.9pp | 23.9%-0.5pp | 24.4%0.0pp | 24.4%+1.6pp | |
| Return on assets | 7.2%-0.7pp | 7.9%-1.9pp | 9.8%-0.3pp | 10.2%+0.2pp | 10%-2.2pp | |
| Return on invested capital | 18%+3.4pp | 14.7%-2.7pp | 17.4%-7.6pp | 25.1%-2.5pp | 27.5%+0.1pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×-0.1× | 0.5×0.0× | 0.6×0.0× | 0.6×0.0× | 0.5×-0.1× | |
| Inventory turnover | 3×0.0× | 3×+0.3× | 2.7×+0.3× | 2.5×+0.1× | 2.4×+0.1× | |
| Liquidity | ||||||
| Current ratio | 3.7×+0.2× | 3.6×-0.1× | 3.6×-0.6× | 4.2×+0.2× | 4×+1.6× | |
| Quick ratio | 3.6×+0.1× | 3.4×-0.1× | 3.5×-0.5× | 4×+0.2× | 3.9×+1.6× | |
| Cash ratio | 0.4×-0.1× | 0.5×-0.1× | 0.7×-1.7× | 2.3×+0.2× | 2.2×+1.4× | |
| Leverage | ||||||
| Debt-to-equity | 1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.2×+1.1× | |
| Debt-to-assets | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×+0.3× | |
| Net debt / EBITDA | 2.5×0.0× | 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 / earnings | 37.2×+7.0× | 30.1×+4.2× | 25.9×0.0× | 25.9×+1.7× | 24.2×-2.9× | |
| Price / sales | 5.5×+1.2× | 4.4×-0.2× | 4.6×-0.2× | 4.8×+0.3× | 4.5×-0.7× | |
| Price / book | 7.5×+1.5× | 6×-0.4× | 6.4×-0.1× | 6.5×+0.3× | 6.2×+0.3× | |
| EV / EBITDA | 27.4×+4.4× | 23×+0.4× | 22.5×+1.2× | 21.4×+0.6× | 20.7×-2.3× | |
| EV / sales | 6.1×+1.2× | 4.9×-0.2× | 5.1×+0.4× | 4.7×+0.2× | 4.5×-0.4× | |
| Free cash flow yield | 3.1%-2.0pp | 5.1%-0.4pp | 5.5%+0.2pp | 5.3%+0.3pp | 5.1%-0.7pp | |
| Earnings yield | 2.7%-0.6pp | 3.3%-0.5pp | 3.9%0.0pp | 3.9%-0.3pp | 4.1%+0.4pp | |
| Dividend yield | 1%-0.3pp | 1.4%0.0pp | 1.3%0.0pp | 1.3%-0.1pp | 1.5%+0.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
