Nutanix, Inc.

NTNXUS

Operating across North America, Europe, the Asia Pacific region, the Middle East, Latin America, and Africa, Nutanix, Inc. delivers an enterprise cloud platform. Its foundational Acropolis platform integrates virtualization, enterprise-grade storage, and comprehensive networking visualization and security capabilities. This includes the Acropolis Hypervisor, a robust virtualization solution. For cloud-native deployments, Nutanix Karbon automates the provisioning, operation, and lifecycle management of Kubernetes clusters, complemented by the Nutanix Clusters solution. Management tools include Prism Pro, Nutanix Beam for cloud governance, and Nutanix Calm, an application marketplace offering automation to streamline application lifecycle management and enable potent hybrid cloud orchestration. Their data services encompass Nutanix Files for enterprise-level NFS and SMB file services, Nutanix Objects providing S3-compatible object storage, and Nutanix Era for database automation and Database-as-a-Service (DBaaS). Furthermore, Nutanix Frame operates as a Desktop-as-a-Service (DaaS) offering, enabling the delivery of virtual applications and desktops to end-users from various public cloud environments or private data centers. Beyond its platform, the company provides comprehensive product support, consulting, and implementation services. Its extensive client base spans diverse sectors such as automotive, consumer goods, education, energy, financial services, healthcare, manufacturing, media, public sector, retail, technology, telecommunications, and service providers. Established in 2009, Nutanix maintains its corporate headquarters in San Jose, California.

Founded2009IPO year2016As of2026-08-04
Market Cap
$16.65B
Enterprise Value
$16.16B
EV / LTM Revenue
6.4x
EV / NTM Revenue
5.0x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
5.0x
Gross Profit
5.8x
EBITDA
Classification
Sector
Infrastructure & Data Software
Sub-sector
Cloud Platforms & Compute
Listing
NTNX
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY12%18%15%16%11%13%
Revenue$1.53B$1.71B$2.02B$2.32B$2.69B$2.99B$3.36B
Gross Profit$1.21B$1.38B$1.69B$1.99B$2.34B
Gross Profit Margin79.4%80.7%83.8%85.8%87.1%
EBITDA($831M)($269M)$94M$184M$337M($521M)($587M)
EBITDA Margin-54.5%-15.8%4.7%8.0%12.6%-17.4%-17.4%
EBIT($554M)($363M)($39M)$69M$215M($656M)($740M)
Net Income($1.02B)($433M)($67M)($55M)$267M$597M$692M
Free Cash Flow($98M)$112M$393M$642M$777M
FCF Margin-6.4%6.6%19.5%27.7%28.9%
Short-Term Debt$191M$37M$33M$26M$0M
Long-Term Debt$1.13B$1.19B$1.25B$1.34B$1.35B
Cash & Cash Equivalents$401M$407M$679M$1.07B$603M
Net Debt$917M$817M$604M$295M$743M
Net Debt / EBITDA6.4x1.6x2.2x
Rule of 4018.5%37.6%42.5%44.8%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.