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Nutanix (NTNX) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Technology•Software - Infrastructure
B
GoodMetricSide Score: 70/100
ProfitabilityProfit15/30
GrowthGrowth25/25
Balance SheetBalance12/25
Cash QualityCash18/20
Price & Volume
Market Cap $13.64M

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

Moat Signals

Competitive analysis based on 37 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging 5.5%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Moderate Moat

Limited ROE data for a reliable assessment.

Cash Generation

Moderate Moat

7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Strong Moat

TTM revenue has grown consistently (6 of 7 quarters up), with ~5.6% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 37 quarters

Some Concerns

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 99.9% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of April 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$2.67B
12.8%
Q. Revenue
$703.07M
TTM EBITDA
$266.89M
63.5%
TTM Op. Income
$213.10M
136.0%
Q. Op. Income
$70.51M
TTM Net Income
$243.69M
1211.3%
Q. Net Income
$72.09M
EPS
$0.27
Shares Out.
$265,950
0.6%
$2.67B in TTM revenue grew 12.8% YoY, reaching $703.07M last quarter. TTM EBITDA of $266.89M and TTM operating income of $213.10M shows growth is flowing through. Net income of $243.69M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
86.9%
0.2%
EBITDA Margin
12.5%
Op. Margin
10.0%
31.7%
Net Margin
10.3%
3.4%
Op. margin of 10.0% is up 2.4% YoY — cost efficiency is improving. Net margin at 10.3% and gross margin of 86.9% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
0.1x
P/S Ratio
0.0x
P/B Ratio
N/A
At 0.1x P/E, the stock trades below market averages — potentially undervalued. P/S of 0.0x and P/B of 0.0x provide additional context. Below-market P/E with growing revenue suggests a potential buying opportunity — the stock may be undervalued relative to its fundamentals.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$3.42B
Cash
$718.81M
Long-Term Debt
N/A
Book Value
$-725.61M
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$207.50M
Free Cash Flow
$197.18M
3.1%
FCF Margin
7.4%
FCF / Net Income
2.7
FCF of $197.18M on $207.50M in operating cash flow. The FCF / Net Income ratio of 0.8x means earnings are well backed by actual cash — high-quality earnings.

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