|GEN Overview
GEN

Gen Digital Inc.

Technology • CIK: 0000849399

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Market Cap
$16.02B
P/E (TTM)
26.6x
Rev Growth (TTM)
+21.5%
Net Margin (TTM)
12.8%
FCF Yield (TTM)
9.5%
FCF Margin (TTM)
32.1%

LATEST EARNINGS

Q3 FY2026
28 days ago
View source
Revenue
$1.24B
+26.0%
Net Income
$192.00M
+20.8%
EPS
$0.31
+19.2%
Gross
78.4% -2.0%
Operating
34.9% -3.0%
Net
15.5% -0.6%
  • Revenue increased 26% year-over-year to $1,240 million.
  • Diluted EPS increased 22% year-over-year to $0.31 on a GAAP basis.
  • Non-GAAP operating income increased 9% to $629 million, with a strong operating margin of 50.7%.
  • Bookings increased 27% year-over-year to $1,319 million.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$1.5B
Q3 '26
$535M+400%
Q2 '26
$107M-74%
FCF Margin
TTM32.1%
Q3 '2643.1%+392%
Sector: 10.0%Top 25%
OCF Margin32.6%
OCF/NI2.55x
CapEx Coverage70.0x
FCF Yield9.5%
FCF Growth (2Y)+26%
Cash Conversion Cycle
-12 days
DSO: 20+DIO: 0DPO: 33

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM4.6%
Div Yield1.9%
+
Buyback (TTM)2.7%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)1.9%
FCF Payout Ratio20.3%
Free Cash Flow (TTM)$1.5B
Stock Repurchases (TTM)$434.0M
Capital Return / FCF49.2%
Est. Dividends Paid (TTM)$307.3M
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
8.0%
Stable
-0.2% YoY-1.0%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
19.6%
8Q: 25.6%
Asset Turnover
0.30x
8Q: 0.26x
Leverage (1+D/E)
4.61x
D/E: 3.61x
DuPont: 26.9%8.0% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
73.57x
8Q:65.98x
+2514.3%
Invested Cap Turn
0.41x
8Q:0.38x
+9.1%
CapEx Intensity
0.2%
8Q:0.1%
CapEx/Depreciation
0.05x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2025
Revenue
$4.7B
$1.2B1.6%
$1.2B2.9%
$1.3B24.5%
$1.0B2.4%
$986.0M1.2%
$974.0M0.9%
$965.0M0.1%
$964.0M
Operating Income
$1.7B
$433.0M1.1%
$438.0M1.8%
$446.0M7.0%
$417.0M11.5%
$374.0M7.0%
$402.0M3.6%
$417.0M5.0%
$397.0M
Net Income
$603.0M
$192.0M43.3%
$134.0M0.7%
$135.0M4.9%
$142.0M10.7%
$159.0M1.2%
$161.0M11.0%
$181.0M38.2%
$131.0M
Operating Cash Flow
$1.5B
$541.0M366.4%
$116.0M71.6%
$409.0M13.5%
$473.0M45.1%
$326.0M106.3%
$158.0M40.2%
$264.0M81.1%
$1.4B
Free Cash Flow
$1.5B
$535.0M400.0%
$107.0M73.6%
$405.0M13.8%
$470.0M47.8%
$318.0M103.8%
$156.0M40.5%
$262.0M81.2%
$1.4B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
26.6x
Volatile
8Q: 106.5x+1258%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
26.6x
vs sector
Cash Flow
15.7x
EV/FCF vs
Growth-Adj
1.2xPEG
Fair for growth
Quality-Adj
3.3P/E per %ROIC
ROIC: 8.0%
Shareholder Returns
Dividend
1.9%
Buyback
2.7%
Total Yield
4.6%
Market Cap$16.02B
EV$23.77B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
92/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 25%
25.8%
8Q:
Return on Invested Capital (ROIC)Top 25%
8.0%
8Q:
Flat
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 19.6%
Asset Turnover: 0.30x

Earnings Quality

Cash Conversion

2.55x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin78.8%

Capital Efficiency

Invested Capital Turnover0.41x

Working Capital

Cash Conversion Cycle-12 days

Growth Quality & Momentum

Quality Growth
Growth Quality Score
80/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
21.5%
OpInc Growth YoY
15.8%
EPS Growth YoY
-4.9%
FCF 3Y CAGR
26.4%

Growth Quality Analysis

Sustainability Index: 8.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
78.8%
Operating
36.7%
Top 25% in sector
Net
12.8%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+19.3 pts
FCF: 32.1% | Net: 12.8%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged
Net Debt / EBITDA
Net Debt: $7.79B
Interest Coverage
Leverage Metrics
Debt-to-Equity
3.61x
Balance sheet risk & solvency analysis