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Nutanix, Inc.

Rank #43Op. Leverage

NTNX · Nasdaq · Technology

Nutanix, Inc. (NTNX) — Rank #43 by gross profitability (GP/assets 0.64) · ROE -26.0% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001618732 · all metrics point-in-time as of the filing date.

About

Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa.

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It offers hyperconverged infrastructure software; Nutanix Cloud Platform, which is designed to enable organizations to build hybrid multicloud infrastructure; Nutanix cloud infrastructure, is a distributed HCI for enterprise IT applications, includes Nutanix AOS; Nutanix AHV; Nutanix data services for Kubernetes; flow network security; flow virtual networking provides software-defined networking with multi-tenant isolation; Nutanix Cloud Clusters; Nutanix central provides management of the Nutanix hybrid multicloud environment; and Nutanix prism, is the unified control plane and UI; Nutanix Cloud Manager, is a unified management solution; NCM Intelligent Operations; NCM Self-Service and Orchestration; NCM Cost Governance; and Nutanix Security Central unifies cloud security operations. In addition, the company offers Nutanix Kubernetes Platform, which is an enterprise-grade Kubernetes platform to accelerate app development without lock-in; Nutanix Unified Storage; Nutanix Files Storage, is a software-defined scale-out file storage solution; Nutanix Objects Storage, is a scale-out S3-compatible object storage solution; Nutanix Objects Storage; Nutanix Volumes Block Storage, is a software-defined storage solution; Nutanix Data Lens, is a cloud-based cyber resilience service; Nutanix Database Service; Nutanix Enterprise AI, is a centralized inferencing control plane; and GPT-in-a-Box is a full-stack help provide consistent data services for structured and unstructured data. Further, it provides product support, and consulting and implementation services. The company serves financial services, retail, manufacturing, public sector, automotive and other transportation, consumer goods, education, energy, healthcare, media, technology, and telecommunications industries. The company has a strategic alliance with NetApp, Inc. to integrate NetApp Intelligent Data Infrastructure built on NetApp enterprise storage systems with the Nutanix Cloud Platform (NCP) solution.

The company was incorporated in 2009 and is headquartered in San Jose, California.

Industry
Software - Infrastructure
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
July 31

Price History

NTNX+52.5% · +8.8% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

$18.58B

P/E (annual)

105.7

P/S (annual)

7.3

P/B

—

P/OCF (annual)

22.6

Shareholder Yield

-20.2%

Employees

7,800

Industry

Software - Infrastructure

Exchange

Nasdaq

Signal Flags

4 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

Quality Profile

Profitability

1/1 pass
GP / assets
0.64
Return on equity
-26.0%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
—
Current ratio
1.78×
Net cash
$2.02B

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
13.9%

Growth

1/2 pass
Revenue growth
18.1%
Piotroski F-Score
6 / 9
Share dilution
20.2%

Terry Smith quality gate

Passes 2/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / S

Price / revenue per share

0.0xFair
0.0xmed 3.6x7.8x

P / B

Price / book value per share

N/A
22.4xmed 25.8x30.2x

P / GP

Price / gross profit per share

0.0xFair
0.0xmed 4.7x12.6x

P / FCF

Price / free cash flow per share

0.0xCheap
0.0xmed 0.0x242.8x

Operating margin expansion and free cash flow are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.64

Primary signal (Novy-Marx).

86th pctl of 38 SIC 7372 peers

Return on equity

-26.0%

Gross margin

86.8%

100th pctl of 38 SIC 7372 peers

Revenue growth (YoY)

18.1%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

17.1%

Revenue CAGR (5Y)

14.2%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

243.6%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

—

Current ratio

1.78×

43rd pctl of 38 SIC 7372 peers

Quick ratio

1.54×

Net cash

$2.02B

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$750.17M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

2.98

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

13.9%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20202025
Startup
Op. Leverage
View full financial statements →