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NETGEAR, Inc.NTGRCompetitor analysis, valuation and peers

United States · USD·Information Technology›Information Technology Services
Momentum laggard 18
Mkt cap
$513M
US dollars, full cap
Free float
95%
of shares outstanding
$/day
$7.37M
20-day average traded
Fwd P/E
46.4×
forward earnings
ROIC−WACC
-18.8 pp
WACC 10.5%
Hurdle
n/a
no reverse DCF
Next earnings
89 days
3 Feb 2027
Close · USD$18.88
1D-0.8%
1W-16.5%
1M-18.6%
3M-18.2%
6M-31.3%
YTD-23.0%
1Y-35.6%
ATR %5.5%
Beta1.62
52w lowhigh38.0% off high

What NETGEAR does

Employees: 784

NETGEAR at a glance

Size NETGEAR (NTGR) is a United States Information Technology company (Information Technology Services) with a market value of $513M, the 2678th largest of 3,117 United States companies the cockpit tracks. Shares closed at $18.88 on 6 Nov 2026.

Performance Over six months the shares fell 31.3%, against -18.2% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue fell 0.7% over the last twelve months (peer median +3.3%); the operating margin is -3.5% (peer median 5.1%).

Valuation It trades at 46.4× forward earnings against a peer median of 14.4× (most expensive of 10).

Capital Return on invested capital runs 18.8 points below its cost of capital (10.5% WACC).

Backlog Backlog (remaining performance obligations) was $80.9M at 27 Sep 2026, up 8% on a year earlier — 0.1 years of trailing revenue. Backlog detail →

Short interest Short interest is 6.3% of the free float (15 Oct 2026).

Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026Peer median 81NTGR 71
Six months, rebased to 100: NETGEAR against the median of its 20 peers (local-currency closes).

NETGEAR financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$695M$701M$675M$739M$933M
Revenue growth—+4%-9%-21%—
Gross profit$278M$267M$197M$247M$251M
EBITDA-$12.5M-$16.0M-$65.0M-$22.9M-$23.6M
Net income-$25.8M-$17.9M$12.4M-$105M-$69.0M
Free cash flow-$17.3M-$18.9M$156M$51.1M-$19.5M
Capital expenditure$20.9M$20.5M$8.99M$5.80M$5.76M
Total debt$45.8M$50.9M$30.6M$41.6M$45.1M

Quarterly statements and history in the cockpit →

NETGEAR competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%HSNMTC0024740023319247YB3009626053982480BOUV300542603151300448SGNMASTEKRMNI300231300096300366301178NTGR6-month return →1-month return →
Up and to the right = strong over both horizons. NETGEAR is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×20×40×HSN9247YB2480BOUV603151SGNMASTEKNTGRRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. NETGEAR is the large dot.

NETGEAR competitors and peer comparison

How NETGEAR compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

NETGEAR against its 20 peers (data as of 6 Nov 2026)
MeasureNTGRPeer medianRank in peer set
1-month return-18.6%+0.5%lowest of 21
6-month return-31.3%-18.2%3rd lowest of 21
Distance from 52-week high-38.0%-36.8%10th lowest of 21
Revenue growth (TTM)-0.7%+3.3%8th lowest of 21
Operating margin-3.5%5.1%5th lowest of 19
Forward P/E46.4×14.4×most expensive of 10
ROIC minus cost of capital-18.8 pp-4.0 pp4th lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
NETGEAR NTGRUnited States$513M-31%-1%-4%46.4×n/an/a
Hansen Technologies HSN.AXAustralia$511M-25%-2%17%14.4×0.9%+4.7%
MMTec MTCUnited States$516M-31%+100%n/an/an/an/a
Fujian Rongji Software 002474.SZChina$520M-24%-22%-21%n/a31.5%-8.1%
Anhui Wantong Technology 002331.SZChina$520M-25%+23%-16%n/an/an/a
Tre 9247.TJapan$521M0%-9%14%12.2×-12.8%+23.2%
Yuanbao, Inc. Unsponsored ADR YBUnited States$523M-34%+37%32%2.3×n/an/a
Zhongjin Irradiation 300962.SZChina$526M-18%+1%27%n/an/an/a
Shanghai New Centurion Network Information Technology 605398.SSChina$530M-18%+5%-2%n/an/an/a
Stark Technology 2480.TWTaiwan$534M+11%+14%12%18.7×-3.6%+8.7%
Bouvet BOUV.OLNorway$535M-1%-2%11%14.8×-11.1%+10.2%
Brilliance Technology 300542.SZChina$491M-27%-22%2%n/an/an/a
Shandong Teamgene Technology 603151.SSChina$537M+32%+17%0%36.4×23.1%+27.0%
Haoyun Technologies 300448.SZChina$490M-40%-52%n/an/a1.8%-12.8%
Sygnity SGN.WAPoland$538M+16%+27%26%29.5×-2.8%+8.8%
Mastek MASTEK.NSIndia$485M-12%+6%13%11.1×6.7%+16.5%
Rimini Street RMNIUnited States$484M+30%+3%7%13.1×11.0%+5.2%
Beijing Trustfar Technology 300231.SZChina$481M-28%+4%3%n/a21.0%-4.3%
YLZ Information Technology 300096.SZChina$555M-5%+3%-6%n/an/an/a
Troy Information Technology 300366.SZChina$474M-19%-56%-80%n/an/an/a
Guangdong TianYiMa Information Industry 301178.SZChina$472M-13%+100%1%n/a37.4%+5.5%

NETGEAR backlog

NETGEAR reported $80.9M of remaining performance obligations at 27 Sep 2026, up 8% from a year earlier and up 27% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.10.

Questions

Which companies are NETGEAR's closest peers?
The cockpit's peer set: Hansen Technologies (HSN.AX), MMTec (MTC), Fujian Rongji Software (002474.SZ), Anhui Wantong Technology (002331.SZ), Tre (9247.T), Yuanbao, Inc. Unsponsored ADR (YB), Zhongjin Irradiation (300962.SZ), Shanghai New Centurion Network Information Technology (605398.SS).
Is NETGEAR expensive compared with its peers?
On forward p/e it trades at 46.4× against a peer median of 14.4×, most expensive of 10 in its peer set.
How has NETGEAR stock performed?
Over six months to 6 Nov 2026 the shares returned -31.3% against -18.2% for the median peer; over one year -35.6%.
What is NETGEAR's backlog?
NETGEAR's remaining performance obligations (contracted revenue not yet recognised) were $80.9M at 27 Sep 2026, +8% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.