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General information

Country: UNITED STATES

Sector: Software — Application

National Instruments Corporation supplies computer-based instrumentation hardware and software products for engineers and scientists. The Company provides flexible application software and modular hardware that users combine with computers, networks, and the internet to create computer-based measurement and automation systems.
Website: ni.com



Growth: Pretty weak revenue growth rate 5.3%, there is slowdown compared to average historical growth rates 9.9%. The revenue growth dynamics is moderately stable Site traffic for the last 3 months showed a change of -2.3%

Profitability: LTM EBITDA margin is positive, +19.3%. On average the margin is improving unsteadily. Gross margin is high, +71.6%. In the last quarter the company beat the estimated EPS, +14.8%. The company was ahead of estimated EPS in 80% of quarters (showing a gain of +$0.08 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -1.1% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 3 178.1% higher than minimum and 0.2% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 2.9x by EV / Sales multiple , the company can be 41.2% overvalued

Key Financials (Download financials)

Ticker: NATI
Share price, USD:  (0.0%)59.99
year average price 59.99  


year start price 59.99 2025-02-08

max close price 59.99 2025-02-08

min close price 59.99 2025-02-08

current price 59.99 2026-02-07
Common stocks: 132 369 000

Dividend Yield:  0.0%
FCF Yield LTM: -1.1%
EV / LTM EBITDA: 25.3x
EV / EBITDA annualized: 33.0x
Last revenue growth (y/y):  +5.3%
Last growth of EBITDA (y/y):  +36.2%
Historical revenue growth:  +9.9%
Historical growth of EBITDA:  +20.4%
EV / Sales: 4.9x
Margin (EBITDA LTM / Revenue): 19.3%
Fundamental value created in LTM:
Market Cap ($m): 7 941
Net Debt ($m): 503
EV (Enterprise Value): 8 444
Price to Book: 6.5x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2025-12-31thenewswire.com

Jeffs' Brands Ltd - Early Warning Regarding Acquisition Of Common Shares In Connection With Shares For Debt Transaction Of Fort Technology Inc.

2025-10-16newsfilecorp.com

William Radvak Acquires 16.86% Ownership in Monitor Ventures Inc.

2025-10-14globenewswire.com

ExGen Resources Announces Arrangements to Address Mailing Delays Resulting from Canada Post Strike

2025-09-30thenewswire.com

Giant Mining Announces At-the-Market Offering of up to $5 Million

2025-09-18proactiveinvestors.com

atai Life Sciences secures NIH grant for opioid use disorder program

2025-09-16globenewswire.com

Halcyon International Limited Announces Execution of an Irrevocable Support and Voting Agreement in Connection with the Proposed Business Combination Between Artis Real Estate Investment Trust and RFA Capital Holdings Inc.

2025-08-28newsfilecorp.com

Minic Investments Announces Execution of an Irrevocable Support and Voting Agreement in Connection with the Proposed Going-Private Transaction of Guardian Capital Group Limited.

2025-05-01globenewswire.com

Marksmen Energy Inc. Announces Delay in Filing its 2024 Annual Financial Statements and Issuance of Promissory Note

2024-12-10prnewswire.com

Radioprotective Activity of RedHill's Opaganib for GI-ARS Confirmed in New RNCP/NIAID Study - Discussions Ongoing with U.S. Government on Advanced Development

2024-07-30globenewswire.com

Silver Storm Announces Delay of Annual Filings
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3 2021 q4 2020 q4 2019 q4 2018 q4
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2021-12-31 2020-12-31 2019-12-31 2018-12-31
symbol NATI NATI NATI NATI NATI NATI NATI NATI
reportedCurrency USD USD USD USD USD USD USD USD
cik 935 494 935 494 935 494 935 494 935 494 935 494 935 494 935 494
fillingDate 2023-07-28 2023-04-28 2022-10-28
acceptedDate 2023-07-28 14:06:44 2023-04-28 14:34:01 2023-02-21 16:35:19 2022-10-28 14:59:51 2022-02-22 09:56:46 2021-02-23 16:09:19 2020-02-20 14:50:15 2019-02-21 15:34:50
calendarYear 2023 2023 2022
period Q2 Q1 FY Q3 FY FY FY FY
revenue 417M 437M 1 657M 428M 1 470M 1 287M 1 353M 1 359M
costOfRevenue 118M 133M 535M 144M 421M 371M 337M 334M
grossProfit 298M 304M 1 122M 284M 1 049M 916M 1 016M 1 025M
grossProfitRatio 0.716 0.696 0.664
researchAndDevelopmentExpenses 84M 87M 332M 83M 336M 280M 272M 261M
generalAndAdministrativeExpenses 51M 43M 149M 35M 127M 130M 123M 109M
sellingAndMarketingExpenses 123M 117M 483M 120M 467M 466M 473M 483M
sellingGeneralAndAdministrativeExpenses 174M 161M 632M 155M 595M 595M 596M 591M
otherExpenses 0 0 0 0 0 -788 000 -293 000 1M
operatingExpenses 257M 247M 964M 237M 931M 876M 869M 853M
costAndExpenses 376M 380M 1 499M 381M 1 352M 1 247M 1 206M 1 186M
interestIncome 426 000 326 000 454 000 103 000 375 000 4M 8M 6M
interestExpense 10M 8M 17M 5M 4M 2M 0 0
depreciationAndAmortization 23M 22M 91M 23M 99M -73M 74M 71M
ebitda 65M 84M 216M 103M 207M -33M 196M 247M
ebitdaratio 0.157 0.193 0.241
operatingIncome 41M 57M 125M 80M 118M 40M 123M 173M
operatingIncomeRatio 0.098 0.13 0.188
totalOtherIncomeExpensesNet -9M -3M -20M -5M -15M -788 000 6M 4M
incomeBeforeTax 32M 54M 172M 75M 104M 199M 181M 176M
incomeBeforeTaxRatio 0.078 0.123 0.176
incomeTaxExpense 2M 7M 32M 13M 14M 55M 18M 21M
netIncome 30M 47M 140M 62M 89M 144M 162M 155M
netIncomeRatio 0.073 0.107 0.145
eps 0.23 0.36 1.05 0.47 0.68 1.1 1.23 1.16
epsdiluted 0.23 0.35 0.47
weightedAverageShsOut 132M 131M 132M 132M 132M 131M 132M 132M
weightedAverageShsOutDil 134M 133M 133M 133M 134M 132M 133M 133M
link Link Link Link
finalLink Link Link Link
filingDate 2023-02-21 2022-02-22 2021-02-23 2020-02-20 2019-02-21
fiscalYear 2022 2021 2020 2019 2018
netInterestIncome -16M -3M 2M 8M 6M
ebit 188M 107M 201M 123M 0
nonOperatingIncomeExcludingInterest 4M 11M -1M 0 0
netIncomeFromContinuingOperations 140M 89M 144M 162M 155M
netIncomeFromDiscontinuedOperations 0 0 0 0 0
otherAdjustmentsToNetIncome 0 0 0 0 0
netIncomeDeductions 0 0 0 0 0
bottomLineNetIncome 140M 89M 144M 162M 155M
epsDiluted 1.04 0.67 1.09 1.22 1.16

Balance Sheet Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3 2021 q4 2020 q4 2019 q4 2018 q4
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2021-12-31 2020-12-31 2019-12-31 2018-12-31
symbol NATI NATI NATI NATI NATI NATI NATI NATI
reportedCurrency USD USD USD USD USD USD USD USD
cik 935 494 935 494 935 494 935 494 935 494 935 494 935 494 935 494
fillingDate 2023-07-28 2023-04-28 2022-10-28
acceptedDate 2023-07-28 14:06:44 2023-04-28 14:34:01 2023-02-21 16:35:19 2022-10-28 14:59:51 2022-02-22 09:56:46 2021-02-23 16:09:19 2020-02-20 14:50:15 2019-02-21 15:34:50
calendarYear 2023 2023 2022
period Q2 Q1 FY Q3 FY FY FY FY
cashAndCashEquivalents 139M 138M 140M 149M 211M 260M 195M 259M
shortTermInvestments 0 0 0 0 0 60M 238M 271M
cashAndShortTermInvestments 139M 138M 140M 149M 211M 320M 433M 531M
netReceivables 390M 416M 445M 381M 341M 267M 249M 243M
inventory 402M 401M 388M 374M 289M 194M 200M 194M
otherCurrentAssets 124M 118M 116M 144M 90M 68M 65M 54M
totalCurrentAssets 1 055M 1 072M 1 089M 1 047M 932M 850M 947M 1 022M
propertyPlantEquipmentNet 352M 345M 325M 314M 312M 322M 314M 245M
goodwill 638M 631M 616M 593M 584M 468M 262M 265M
intangibleAssets 193M 208M 201M 220M 213M 173M 84M 111M
goodwillAndIntangibleAssets 831M 839M 817M 813M 796M 640M 346M 375M
longTermInvestments -6M 0 0 0 -14M -25M -14M -25M
taxAssets 6M 5M 2M 0 14M 25M 14M 25M
otherNonCurrentAssets 125M 123M 127M 71M 75M 80M 44M 29M
totalNonCurrentAssets 1 308M 1 312M 1 270M 1 198M 1 183M 1 042M 705M 649M
otherAssets 0 0 0 0 0 0 0 0
totalAssets 2 363M 2 384M 2 359M 2 246M 2 115M 1 892M 1 652M 1 671M
accountPayables 61M 50M 55M 97M 83M 51M 52M 48M
shortTermDebt 42M 41M 39M 38M 13M 21M 13M 81M
taxPayables 56M 61M 68M 78M 59M 48M 41M 36M
deferredRevenue 158M 148M 137M 118M 138M 132M 131M 127M
otherCurrentLiabilities 108M 220M 292M 174M 211M 178M 109M 27M
totalCurrentLiabilities 424M 520M 523M 428M 445M 382M 306M 284M
longTermDebt 601M 527M 547M 575M 330M 128M 41M 75M
deferredRevenueNonCurrent 60M 65M 63M 50M 33M 36M 33M 33M
deferredTaxLiabilitiesNonCurrent 6M 5M 2M 14M 14M 25M 14M 25M
otherNonCurrentLiabilities 54M 72M 68M 441M 69M 95M 81M 17M
totalNonCurrentLiabilities 721M 670M 680M 694M 446M 285M 169M 149M
otherLiabilities 0 0 0 0 0 0 0 0
capitalLeaseObligations 0 0 0 45M 0 0 0 0
totalLiabilities 1 145M 1 190M 1 202M 1 122M 891M 667M 476M 433M
preferredStock 0 0 0 0 0 0 0 0
commonStock 1M 1M 1M 1M 1M 1M 1M 1M
retainedEarnings -11M -5M -15M -18M 113M 211M 243M 356M
accumulatedOtherComprehensiveIncomeLoss -24M -34M -38M -43M -20M -21M -21M -17M
othertotalStockholdersEquity 1 252M 1 232M 1 183M
totalStockholdersEquity 1 218M 1 194M 1 156M 1 123M 1 224M 1 225M 1 176M 1 238M
totalEquity 1 218M 1 194M 1 156M 1 123M 1 224M 1 225M 1 176M 1 238M
totalLiabilitiesAndStockholdersEquity 2 363M 2 384M 2 246M
minorityInterest 0 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 2 363M 2 384M 2 359M 2 246M 2 115M 1 892M 1 652M 1 671M
totalInvestments -6M 0 0 0 -14M 35M 224M 246M
totalDebt 642M 568M 586M 613M 344M 149M 54M 0
netDebt 503M 430M 446M 464M 132M -112M -141M -259M
link Link Link Link
finalLink Link Link Link
filingDate 2023-02-21 2022-02-22 2021-02-23 2020-02-20 2019-02-21
fiscalYear 2022 2021 2020 2019 2018
accountsReceivables 0 0 0 0 0
otherReceivables 445M 341M 267M 249M 243M
prepaids 0 0 0 0 0
totalPayables 55M 83M 51M 52M 48M
otherPayables 0 0 0 0 0
accruedExpenses 0 0 0 0 0
capitalLeaseObligationsCurrent 0 0 0 0 0
capitalLeaseObligationsNonCurrent 0 0 0 0 0
treasuryStock 0 0 0 0 0
additionalPaidInCapital 0 0 0 0 0
otherTotalStockholdersEquity 1 207M 1 130M 1 033M 954M 898M

Cash Flow Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3 2021 q4 2020 q4 2019 q4 2018 q4
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2021-12-31 2020-12-31 2019-12-31 2018-12-31
symbol NATI NATI NATI NATI NATI NATI NATI NATI
reportedCurrency USD USD USD USD USD USD USD USD
cik 935 494 935 494 935 494 935 494 935 494 935 494 935 494 935 494
fillingDate 2023-07-28 2023-04-28 2022-10-28
acceptedDate 2023-07-28 14:06:44 2023-04-28 14:34:01 2023-02-21 16:35:19 2022-10-28 14:59:51 2022-02-22 09:56:46 2021-02-23 16:09:19 2020-02-20 14:50:15 2019-02-21 15:34:50
calendarYear 2023 2023 2022
period Q2 Q1 FY Q3 FY FY FY FY
netIncome 30M 47M 140M 62M 89M 144M 162M 155M
depreciationAndAmortization 23M 22M 91M 23M 99M 87M 74M 71M
deferredIncomeTax 4M -2M -72M -15 000 -16M 7M -13M -12M
stockBasedCompensation 15M 16M 79M 20M 75M 58M 51M 38M
changeInWorkingCapital -96M 21M -161M -35M -110M 44M -23M 23M
accountsReceivables 0 0 -117M 0 -75M -17M -7M 8M
inventory 0 0 -92M 0 -90M 8M -7M -11M
accountsPayables 0 0 -14M 0 31M -10000 4M -4M
otherWorkingCapital 0 0 62M 0 25M 54M -13M 29M
otherNonCashItems -797 000 -5M -33M -34M 6M -160M -27M 0
netCashProvidedByOperatingActivities -24M 99M 43M 36M 143M 181M 224M 275M
investmentsInPropertyPlantAndEquipment -15M -25M -52M -16M -45M -55M -71M -54M
acquisitionsNet -324 000 -23M -31M 0 -239M -345M -14M -6M
purchasesOfInvestments 0 0 0 0 45M -206M -185M -314M
salesMaturitiesOfInvestments 0 0 0 0 60M 385M 220M 164M
otherInvestingActivites 0 0 41M
netCashUsedForInvestingActivites -15M -48M 25M
debtRepayment 0 0 -498M
commonStockIssued 8M 9M 8M
commonStockRepurchased 0 26M -152M -82M -55M -49M -171M 0
dividendsPaid -37M -37M -37M
otherFinancingActivites 79M -17M 591M
netCashUsedProvidedByFinancingActivities 42M -54M -19M
effectOfForexChangesOnCash -1M 1M -4M -5M -3M 3M -410 000 -5M
netChangeInCash 2M -2M -71M 38M -49M 66M -65M -31M
cashAtEndOfPeriod 139M 138M 140M 149M 211M 260M 195M 259M
cashAtBeginningOfPeriod 138M 140M 211M 111M 260M 195M 259M 290M
operatingCashFlow -24M 99M 43M 36M 143M 181M 224M 275M
capitalExpenditure -15M -25M -52M -16M -45M -55M -71M -54M
freeCashFlow -39M 73M -9M 20M 98M 126M 153M 220M
link Link Link Link
finalLink Link Link Link
filingDate 2023-02-21 2022-02-22 2021-02-23 2020-02-20 2019-02-21
fiscalYear 2022 2021 2020 2019 2018
otherInvestingActivities 0 -45M 160M 32M 0
netCashProvidedByInvestingActivities -83M -223M -61M -18M -210M
netDebtIssuance 0 0 0 0 0
longTermNetDebtIssuance 0 0 0 0 0
shortTermNetDebtIssuance 0 0 0 0 0
netStockIssuance 0 0 0 0 0
netCommonStockIssuance 0 0 0 0 0
commonStockIssuance 32M 33M 32M 33M 32M
netPreferredStockIssuance 0 0 0 0 0
netDividendsPaid -148M -143M -137M -132M -122M
commonDividendsPaid -148M -143M -137M -132M -122M
preferredDividendsPaid 0 0 0 0 0
otherFinancingActivities 121M 177M 80M -139M 31M
netCashProvidedByFinancingActivities -26M 34M -56M -271M -91M
incomeTaxesPaid 0 0 0 0 0
interestPaid 0 0 0 0 0

Earning call transcript

2022 q4
2023-01-31 ET (fiscal 2022 q4)
2022 q3
2022-10-27 ET (fiscal 2022 q3)
2022 q2
2022-07-28 ET (fiscal 2022 q2)
2022 q1
2022-04-28 ET (fiscal 2022 q1)

SEC forms

Show financial reports only

SEC form 10
2023-07-28 14:06 ET
National Instruments published news for 2023 q2
SEC form 10
2023-07-28 00:00 ET
National Instruments published news for 2023 q2
SEC form 6
2023-07-27 16:11 ET
National Instruments reported for 2023 q2
SEC form 8
2023-07-27 00:00 ET
National Instruments published news for 2023 q2
SEC form 6
2023-06-29 17:30 ET
National Instruments published news for 2023 q1
SEC form 6
2023-06-22 17:00 ET
National Instruments published news for 2023 q1
SEC form 10
2023-04-28 00:00 ET
National Instruments published news for 2023 q1
SEC form 8
2023-04-27 00:00 ET
National Instruments reported for 2023 q1
SEC form 6
2023-04-12 16:33 ET
National Instruments published news for 2023 q1
SEC form 6
2023-04-12 09:12 ET
National Instruments published news for 2023 q1
SEC form 6
2023-03-03 16:46 ET
National Instruments published news for 2022 q4
SEC form 10
2023-02-21 16:35 ET
National Instruments reported for 2022 q4
SEC form 10
2023-02-21 00:00 ET
National Instruments reported for 2022 q4
SEC form 6
2023-02-01 08:52 ET
National Instruments published news for 2022 q4
SEC form 6
2023-01-31 16:01 ET
National Instruments published news for 2022 q4
SEC form 8
2023-01-31 00:00 ET
National Instruments reported for 2022 q4
SEC form 6
2023-01-18 10:08 ET
National Instruments published news for 2022 q4
SEC form 6
2023-01-13 09:00 ET
National Instruments published news for 2022 q4
SEC form 6
2022-12-15 09:00 ET
National Instruments published news for 2022 q3
SEC form 6
2022-11-15 09:11 ET
National Instruments published news for 2022 q3
SEC form 10
2022-10-28 14:59 ET
National Instruments reported for 2022 q3
SEC form 10
2022-10-28 00:00 ET
National Instruments reported for 2022 q3
SEC form 6
2022-10-27 16:05 ET
National Instruments published news for 2022 q3
SEC form 8
2022-10-27 00:00 ET
National Instruments reported for 2022 q3
SEC form 6
2022-09-13 08:00 ET
National Instruments published news for 2022 q2
SEC form 6
2022-08-25 08:22 ET
National Instruments published news for 2022 q2
SEC form 10
2022-07-29 13:17 ET
National Instruments reported for 2022 q2
SEC form 10
2022-07-29 00:00 ET
National Instruments reported for 2022 q2
SEC form 6
2022-07-28 16:13 ET
National Instruments published news for 2022 q2
SEC form 8
2022-07-28 00:00 ET
National Instruments reported for 2022 q2
SEC form 6
2022-05-12 17:21 ET
National Instruments published news for 2022 q1
SEC form 10
2022-04-29 13:56 ET
National Instruments reported for 2022 q1
SEC form 10
2022-04-29 00:00 ET
National Instruments reported for 2022 q1
SEC form 6
2022-04-28 16:22 ET
National Instruments published news for 2022 q1
SEC form 8
2022-04-28 00:00 ET
National Instruments reported for 2022 q1
SEC form 6
2022-03-28 11:06 ET
National Instruments published news for 2021 q4
SEC form 10
2022-02-22 09:56 ET
National Instruments published news for 2021 q4
SEC form 10
2022-02-22 00:00 ET
National Instruments published news for 2021 q4
SEC form 6
2022-01-27 16:05 ET
National Instruments published news for 2021 q4
SEC form 8
2022-01-27 00:00 ET
National Instruments published news for 2021 q4
SEC form 10
2021-11-01 13:36 ET
National Instruments published news for 2021 q3
SEC form 10
2021-11-01 00:00 ET
National Instruments published news for 2021 q3
SEC form 6
2021-10-28 16:03 ET
National Instruments published news for 2021 q3
SEC form 8
2021-10-28 00:00 ET
National Instruments published news for 2021 q3
SEC form 6
2021-09-30 16:47 ET
National Instruments published news for 2021 q2
SEC form 6
2021-08-06 14:25 ET
National Instruments published news for 2021 q2
SEC form 6
2021-08-06 14:21 ET
National Instruments published news for 2021 q2
SEC form 6
2021-08-04 17:01 ET
National Instruments published news for 2021 q2
SEC form 10
2021-08-02 13:12 ET
National Instruments published news for 2021 q2
SEC form 10
2021-08-02 00:00 ET
National Instruments published news for 2021 q2
SEC form 6
2021-07-29 16:17 ET
National Instruments published news for 2021 q2
SEC form 8
2021-07-29 00:00 ET
National Instruments published news for 2021 q2
SEC form 6
2021-06-23 16:07 ET
National Instruments published news for 2021 q1
SEC form 6
2021-05-14 16:31 ET
National Instruments published news for 2021 q1
SEC form 10
2021-05-03 14:30 ET
National Instruments published news for 2021 q1
SEC form 10
2021-05-03 00:00 ET
National Instruments published news for 2021 q1
SEC form 6
2021-04-29 16:21 ET
National Instruments published news for 2021 q1
SEC form 8
2021-04-29 00:00 ET
National Instruments published news for 2021 q1
SEC form 6
2021-03-29 11:14 ET
National Instruments published news for 2020 q4
SEC form 10
2021-02-23 16:09 ET
National Instruments published news for 2020 q4
SEC form 6
2021-01-29 12:57 ET
National Instruments published news for 2020 q4
SEC form 6
2021-01-28 17:04 ET
National Instruments published news for 2020 q4
SEC form 6
2021-01-07 09:00 ET
National Instruments published news for 2020 q4
SEC form 10
2020-11-02 16:50 ET
National Instruments published news for 2020 q3
SEC form 6
2020-10-30 16:40 ET
National Instruments published news for 2020 q3
SEC form 6
2020-10-29 16:51 ET
National Instruments published news for 2020 q3