Nutanix, Inc. (NTNX) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Technology / Software · as of Sep 25, 2026
Nutanix, Inc. (NTNX)
A forensic read on Nutanix, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
4.3
Distress distance
Watch
Earnings quality
3
Forensic signals
12.5
P / E (ttm)
214.5%
ROE
$18.9B
Market cap
12.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Nutanix, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 4.2, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by share-count dilution.
What the filings flag
+9.3%/yr
FY2024–FY2026
Share-count dilution.Diluted share count changed +19% over the last 2 years to FY2026 (+9.3%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~9.3% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~16%.
9.4%
FY2026
Return on invested capital.Return on invested capital is 9.4% in the latest fiscal year, against 2.4% in FY2024, having run between 2.4% and 14.0% across FY2024–FY2026 with no direction held. After-tax operating profit was $6M in FY2024 and $247M in FY2026, with operating income at 0.4% of revenue in FY2024, 6.8% in FY2025 and 9.6% in FY2026. The capital base behind it grew +969% across FY2024–FY2026, from $244M to $2.6B, and the return did not fall doing it, so the dollars added over that window earned at least the 2.4% the older base was already earning.
13% of rev
FY2026
Stock-based comp load.Stock-based compensation ran 13% of revenue and 43% of free cash flow in FY2026. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 9.8% a year, and the rate is falling. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$2.85B
Revenue Growth YoY+12.4%
Revenue CAGR (2yr)+15.2%
Net Margin52.8%
Free Cash Flow$840.7M
Return on Equity214.5%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Nutanix, Inc.'s actual 10-K/10-Q/8-K filings?