Demonstrações financeiras detalhadas de NetScout Systems, Inc. (NTCT): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
NetScout Systems, Inc. registou receitas de $859.5M no último exercício, com um CAGR de 5 anos de 0.7%. O lucro líquido atingiu $95.5M, com CAGR de 5 anos de 37.6%.
Margens dos últimos 12 meses: margem bruta 78.6%, margem operacional 14.8%, margem líquida 13.7%. O fluxo de caixa livre cresceu a CAGR de 7.7% em 5 anos.
Demonstração de Resultados (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $1.16B | $986.8M | $909.9M | $891.8M | $831.3M | $855.6M | $914.5M | $829.5M | $822.7M | $859.5M |
| Custo da Receita | $346.1M | $271.9M | $254.1M | $242.2M | $222.1M | $214.2M | $223.1M | $187.4M | $178.7M | $221.6M |
| Lucro Bruto | $816.0M | $714.9M | $655.8M | $649.6M | $609.2M | $641.4M | $691.4M | $642.0M | $643.9M | $637.9M |
| P&D | $232.7M | $215.1M | $203.6M | $188.3M | $179.2M | $171.1M | $176.2M | $161.2M | $152.9M | $159.4M |
| Despesas Gerais e Administrativas | $447.1M | $422.0M | $385.4M | $376.5M | $331.7M | $361.9M | $380.4M | $366.9M | $364.8M | $366.8M |
| Despesas Operacionais | $749.9M | $713.7M | $663.3M | $632.0M | $572.1M | $592.8M | $613.8M | $791.9M | $1.01B | $526.2M |
| Lucro Operacional | $62.1M | -$4.1M | -$71.6M | $17.6M | $37.1M | $48.6M | $77.7M | -$149.8M | -$367.6M | $111.7M |
| EBITDA | $222.2M | $145.6M | $69.0M | $138.6M | $139.0M | $146.7M | $174.0M | -$60.9M | -$294.8M | $176.7M |
| Despesas com Juros | $9.2M | $12.6M | $26.1M | $20.6M | $10.9M | $8.0M | $10.2M | $8.7M | $7.2M | $1.7M |
| Lucro Antes de Impostos | $52.2M | -$18.7M | -$92.9M | $1.9M | $22.3M | $42.9M | $68.4M | -$144.5M | -$365.8M | $118.5M |
| Imposto | $18.9M | -$98.5M | -$19.6M | $4.7M | $3.0M | $7.0M | $8.8M | $3.2M | $1.1M | $23.0M |
| Lucro Líquido | $33.3M | $79.8M | -$73.3M | -$2.8M | $19.4M | $35.9M | $59.6M | -$147.7M | -$366.9M | $95.5M |
| LPA | $0.36 | $0.91 | $-0.93 | $-0.04 | $0.26 | $0.48 | $0.83 | $-2.07 | $-5.11 | $1.33 |
| LPA Diluído | $0.36 | $0.90 | $-0.93 | $-0.04 | $0.26 | $0.48 | $0.82 | $-2.07 | $-5.06 | $1.30 |
| Ações em Circulação (Diluídas) | $92.9M | $88.3M | $78.6M | $75.2M | $73.8M | $75.1M | $73.0M | $71.5M | $72.6M | $71.7M |
Balanço (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $304.9M | $370.7M | $409.8M | $340.2M | $467.2M | $636.2M | $386.8M | $389.7M | $457.4M | $586.5M |
| Investimentos de Curto Prazo | $137.9M | $77.9M | $76.3M | $48.0M | $9.3M | $67.0M | $32.2M | $33.5M | $34.1M | $81.5M |
| Contas a Receber | $294.4M | $213.4M | $235.3M | $213.5M | $197.7M | $148.2M | $143.9M | $192.1M | $163.7M | $151.5M |
| Estoque | $40.0M | $34.8M | $26.3M | $21.5M | $19.4M | $21.2M | $17.5M | $14.1M | $11.1M | $13.3M |
| Ativos Circulantes | $854.5M | $752.4M | $801.2M | $659.7M | $722.5M | $921.9M | $617.4M | $672.5M | $713.2M | $861.2M |
| Imobilizado | $61.4M | $52.5M | $59.0M | $126.3M | $110.0M | $96.3M | $86.2M | $69.0M | $59.2M | $59.1M |
| Ágio | $1.72B | $1.71B | $1.72B | $1.73B | $1.72B | $1.72B | $1.72B | $1.50B | $1.08B | $1.07B |
| Ativos Intangíveis | $931.3M | $831.4M | $669.1M | $582.2M | $511.9M | $433.4M | $366.6M | $308.7M | $258.7M | $214.3M |
| Ativos Totais | $3.60B | $3.37B | $3.27B | $3.12B | $3.09B | $3.19B | $2.82B | $2.60B | $2.19B | $2.35B |
| Contas a Pagar | $37.4M | $30.1M | $24.6M | $20.0M | $18.0M | $22.0M | $16.5M | $14.5M | $18.2M | $23.5M |
| Dívida de Curto Prazo | 0 | 0 | 0 | $10.3M | $12.4M | $11.4M | $11.7M | $12.0M | $11.0M | $9.9M |
| Passivos Circulantes | $460.2M | $413.3M | $379.9M | $399.0M | $411.3M | $476.2M | $453.6M | $395.1M | $407.9M | $470.1M |
| Dívida de Longo Prazo | $300.0M | $600.0M | $550.0M | $520.7M | $411.3M | $403.9M | $148.8M | $138.1M | $32.5M | 0 |
| Passivos Totais | $1.17B | $1.30B | $1.20B | $1.18B | $1.08B | $1.13B | $790.9M | $703.2M | $626.2M | $705.3M |
| Reservas | $316.7M | $396.5M | $358.1M | $355.3M | $374.7M | $410.6M | $470.2M | $322.5M | -$44.4M | $51.1M |
| Patrimônio Líquido | $2.44B | $2.07B | $2.07B | $1.94B | $2.01B | $2.06B | $2.03B | $1.89B | $1.56B | $1.65B |
| Dívida Total | $300.0M | $600.0M | $550.0M | $601.7M | $484.9M | $469.3M | $209.3M | $182.6M | $76.0M | $39.6M |
| Dívida Líquida | -$142.8M | $152.2M | $64.0M | $215.2M | $8.4M | -$233.9M | -$209.7M | -$240.5M | -$415.5M | -$628.4M |
| Capital de Giro | $394.3M | $339.1M | $421.3M | $260.7M | $311.2M | $445.8M | $163.8M | $277.4M | $305.3M | $391.0M |
Fluxo de Caixa (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | $33.3M | $79.8M | -$73.3M | -$2.8M | $19.4M | $35.9M | $59.6M | -$147.7M | -$366.9M | $95.5M |
| Depreciação e Amortização | $160.9M | $153.5M | $137.9M | $116.1M | $105.8M | $95.8M | $85.9M | $75.0M | $63.8M | $66.4M |
| Compensação em Ações | $39.2M | $47.3M | $56.3M | $50.9M | $51.9M | $56.1M | $62.0M | $70.8M | $64.8M | $59.9M |
| Variação Capital de Giro | $5.2M | $69.0M | $17.2M | $59.5M | $50.6M | $110.9M | -$8.9M | -$111.9M | $55.5M | $89.4M |
| Fluxo de Caixa Operacional | $227.8M | $222.5M | $149.8M | $225.0M | $213.9M | $296.0M | $156.7M | $58.8M | $217.7M | $294.5M |
| CapEx | -$32.1M | -$16.6M | -$23.5M | -$19.9M | -$16.5M | -$10.4M | -$10.6M | -$6.3M | -$6.7M | -$9.1M |
| Aquisições | $8.3M | -$8.3M | -$3.3M | -$11.3M | 0 | 0 | 0 | $7.8M | 0 | 0 |
| Recompra de Ações | -$89.6M | -$501.3M | -$14.5M | -$175.0M | -$3.3M | -$35.7M | -$150.0M | -$50.0M | -$25.3M | -$60.8M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $195.7M | $205.9M | $126.3M | $205.1M | $197.4M | $285.6M | $146.0M | $52.5M | $211.0M | $285.4M |
Crescimento e Margens (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | -15.1% | -7.8% | -2.0% | -6.8% | +2.9% | +6.9% | -9.3% | -0.8% | +4.5% |
| Crescimento Lucro Líquido (anual) | | +139.7% | -191.9% | +96.2% | +802.7% | +85.4% | +66.3% | -347.7% | -148.4% | +126.0% |
| Crescimento LPA (anual) | | +152.8% | -202.2% | +96.1% | +810.4% | +84.6% | +72.9% | -349.4% | -146.9% | +126.0% |
| Variação de Ações (anual) | | -5.0% | -10.9% | -4.4% | -1.8% | +1.7% | -2.7% | -2.2% | +1.5% | -1.2% |
| Crescimento FCF (anual) | | +5.2% | -38.6% | +62.4% | -3.8% | +44.7% | -48.9% | -64.1% | +302.1% | +35.3% |
| Margem Bruta | 70.2% | 72.4% | 72.1% | 72.8% | 73.3% | 75.0% | 75.6% | 77.4% | 78.3% | 74.2% |
| Margem Operacional | 5.3% | -0.4% | -7.9% | 2.0% | 4.5% | 5.7% | 8.5% | -18.1% | -44.7% | 13.0% |
| Margem EBITDA | 19.1% | 14.8% | 7.6% | 15.5% | 16.7% | 17.1% | 19.0% | -7.3% | -35.8% | 20.6% |
| Margem Líquida | 2.9% | 8.1% | -8.1% | -0.3% | 2.3% | 4.2% | 6.5% | -17.8% | -44.6% | 11.1% |
| Margem FCF | 16.8% | 20.9% | 13.9% | 23.0% | 23.7% | 33.4% | 16.0% | 6.3% | 25.6% | 33.2% |
| Taxa Efetiva de Imposto | 36.2% | 527.7% | 21.1% | 243.1% | 13.2% | 16.4% | 12.8% | -2.2% | -0.3% | 19.4% |
Dados por Ação (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $2.11 | $2.33 | $1.61 | $2.73 | $2.67 | $3.80 | $2.00 | $0.73 | $2.91 | $3.98 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $92.2M | $87.4M | $78.6M | $75.2M | $73.1M | $74.0M | $71.8M | $71.5M | $71.7M | $71.7M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Margem bruta | 78.57% |
| Margem operacional | 14.82% |
| Margem líquida | 13.71% |
Saúde financeira
| Dívida / Patrimônio | 0.02 |
| Liquidez corrente | 1.83 |
Índices Chave (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | 105.42 | 28.96 | -30.95 | -646.72 | 108.31 | 66.83 | 34.52 | -10.54 | -4.11 | 23.90 |
| P/VP | 1.44 | 1.11 | 1.10 | 0.92 | 1.03 | 1.15 | 1.01 | 0.82 | 0.97 | 1.38 |
| P/V | 3.01 | 2.33 | 2.49 | 1.99 | 2.48 | 2.78 | 2.25 | 1.88 | 1.83 | 2.65 |
| Margem Bruta | 70.2% | 72.4% | 72.1% | 72.8% | 73.3% | 75.0% | 75.6% | 77.4% | 78.3% | 74.2% |
| Margem Operacional | 5.3% | -0.4% | -7.9% | 2.0% | 4.5% | 5.7% | 8.5% | -18.1% | -44.7% | 13.0% |
| Margem Líquida | 2.9% | 8.1% | -8.1% | -0.3% | 2.3% | 4.2% | 6.5% | -17.8% | -44.6% | 11.1% |