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%-0.7pp | 79.3%-1.0pp | 79.7%-1.0pp | 79.7%-1.1pp | 80%-0.7pp | |
| Operating margin | 17.2%+0.1pp | 16.2%-0.6pp | 17.7%+0.9pp | 17.3%+3.1pp | 17%+1.5pp | |
| Net margin | 14.9%-3.8pp | 14.5%-4.7pp | 17.8%-1.5pp | 18.5%+0.9pp | 18.7%+0.7pp | |
| EBITDA margin | 22.3%+0.8pp | 21.3%+0.2pp | 22.6%+1.6pp | 22%+3.6pp | 21.5%+2.0pp | |
| Free cash flow margin | 17.2%-5.8pp | 22.3%-7.6pp | 25.3%+4.0pp | 25.6%+2.0pp | 23%-3.3pp | |
| Returns | ||||||
| Return on equity | 21.4%-2.9pp | 19%-3.8pp | 23.9%-0.1pp | 24.4%+3.0pp | 24.4%+1.5pp | |
| Return on assets | 7.2%-2.8pp | 7.9%-4.3pp | 9.8%-2.8pp | 10.2%-1.2pp | 10%-2.2pp | |
| Return on invested capital | 18%-9.5pp | 14.7%-12.8pp | 17.4%-12.1pp | 25.1%-1.5pp | 27.5%-1.9pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×-0.1× | 0.5×-0.1× | 0.6×-0.1× | 0.6×-0.1× | 0.5×-0.1× | |
| Inventory turnover | 3×+0.7× | 3×+0.7× | 2.7×+0.6× | 2.5×+0.4× | 2.4×+0.2× | |
| Liquidity | ||||||
| Current ratio | 3.7×-0.3× | 3.6×+1.1× | 3.6×+1.4× | 4.2×+1.8× | 4×+1.6× | |
| Quick ratio | 3.6×-0.3× | 3.4×+1.1× | 3.5×+1.4× | 4×+1.9× | 3.9×+1.6× | |
| Cash ratio | 0.4×-1.7× | 0.5×-0.2× | 0.7×+0.1× | 2.3×+1.7× | 2.2×+1.1× | |
| Leverage | ||||||
| Debt-to-equity | 1×-0.1× | 1.1×+1.0× | 1.1×+1.0× | 1.1×+1.1× | 1.2×+1.1× | |
| Debt-to-assets | 0.4×0.0× | 0.4×+0.3× | 0.4×+0.3× | 0.4×+0.3× | 0.4×+0.3× | |
| Net debt / EBITDA | 2.5×+2.8× | 2.5×+4.0× | 2.2×+3.4× | -0.4×+1.0× | -0.3×+1.9× | |
| Per Share | ||||||
| Book value per share | $3.03+16.0% | $2.87-6.6% | $2.82-2.8% | $2.79-1.7% | $2.61-8.3% | |
| Valuation | ||||||
| Market capitalization | $1.66B+37.2% | $1.27B-6.6% | $1.31B+22.8% | $1.32B+28.2% | $1.21B+18.5% | |
| Enterprise value | $1.83B+53.2% | $1.43B+11.8% | $1.45B+44.9% | $1.3B+34.2% | $1.19B+30.7% | |
| Price / earnings | 37.2×+13.0× | 30.1×+3.0× | 25.9×+4.5× | 25.9×+2.3× | 24.2×+1.9× | |
| Price / sales | 5.5×+1.0× | 4.4×-0.8× | 4.6×+0.5× | 4.8×+0.6× | 4.5×+0.5× | |
| Price / book | 7.5×+1.3× | 6×+0.1× | 6.4×+1.4× | 6.5×+1.7× | 6.2×+1.4× | |
| EV / EBITDA | 27.4×+6.6× | 23×-0.1× | 22.5×+4.1× | 21.4×+0.3× | 20.7×+2.3× | |
| EV / sales | 6.1×+1.6× | 4.9×0.0× | 5.1×+1.2× | 4.7×+0.8× | 4.5×+0.9× | |
| Free cash flow yield | 3.1%-2.0pp | 5.1%-0.7pp | 5.5%+0.4pp | 5.3%-0.3pp | 5.1%-1.5pp | |
| Earnings yield | 2.7%-1.4pp | 3.3%-0.4pp | 3.9%-0.8pp | 3.9%-0.4pp | 4.1%-0.4pp | |
| Dividend yield | 1%-0.4pp | 1.4%+0.1pp | 1.3%-0.3pp | 1.3%-0.4pp | 1.5%-0.3pp |
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.
