NATIONAL INSTRUMENTS CORP financial metrics

Professional SEC-based dashboard for profitability, financial health, and growth with transparent scoring logic. Latest period: Q2 2023.

Location
Austin, TX
Fiscal year end
31 December
Latest financial report
28 Jul 2023

Quick Takeaways

  • NATIONAL INSTRUMENTS CORP financial facts are built from SEC company filings data.
  • Latest metrics period on this page: Q2 2023.
  • Headline metric: Return On Invested Capital 11%.

What Changed

  • Return On Invested Capital YoY change: <span class="text-green-600">+53%</span>.
  • Most recent SEC facts end date: 24 Jul 2023.

Why This Matters

  • This gives a beginner-friendly first read before you inspect detailed formulas and metric tables.
  • Every metric card links to a deeper SEC-backed history page for verification.

Official SEC Source

Based on latest 10-Q/10-K

Facts and ratios are grounded in SEC company facts linked to the latest 10-Q/10-K cycle.

See Original Filing

Latest SEC snapshot (2023-07-24) highlights Return On Invested Capital 11.0%, Return On Equity 15.0%, and Return On Assets 7.9%.

Financial Quality Score

Transparent 0-100 scoring model based on profitability, financial health, and growth factors.

67.1/100

Balanced Confidence high

Return On Invested Capital

11%

Metric score 40.0/100

Return On Equity

15%

Metric score 41.4/100

Return On Assets

7.9%

Metric score 74.0/100

Financial Health

Current Ratio
2.49x
Quick Ratio
1.54x
Debt to Equity
0.46x

Strengths

Return On Assets, Current Ratio, and Quick Ratio

Watchpoints

No major risk flags from available metrics.

Key metrics snapshot

Return On Equity

15%

YoY: +72%

Industry median: 1.8% (n=305)

View history

Return On Assets

7.9%

YoY: +51%

Industry median: -5.4% (n=303)

View history

Operating Margin

14%

YoY: +60%

Industry median: -8.2% (n=263)

View history

Current Ratio

2.49x

YoY: -0.27%

Industry median: 1.3x (n=304)

View history

Quick Ratio

1.54x

YoY: -2.2%

Industry median: 0.94x (n=234)

View history

Debt-to-equity

0.46x

YoY: +14%

Industry median: 0.51x (n=238)

View history

Revenues YoY

10%

YoY:

Industry median: 10% (n=265)

View history

NetIncomeLoss YoY

71%

YoY:

Industry median: 6.9% (n=284)

View history

Profitability

Metric Latest value YoY change
Return On Invested Capital 11% +53%
Return On Equity 15% +72%
Return On Assets 7.9% +51%
Operating Margin 14% +60%

Financial Health

Metric Latest value YoY change
Current Ratio 2.49x -0.27%
Quick Ratio 1.54x -2.2%
Debt-to-equity 0.46x +14%

Growth

Metric Latest value YoY change
Revenues YoY 10%
NetIncomeLoss YoY 71%

Share Metrics

Metric Latest value YoY change
Entity Common Stock, Shares Outstanding 132,797,497 +0.36%
Common Stock, Shares, Outstanding 132,797,497 +0.36%
Common Stock, Value, Issued $1,328,000 +0.38%
Weighted Average Number of Shares Outstanding, Basic 132,369,000 +0.3%
Weighted Average Number of Shares Outstanding, Diluted 134,171,000 +1.1%

Additional Metrics

Metric Latest value YoY change
Revenue from Contract with Customer, Excluding Assessed Tax $1,729,833,000 +10%
Research and Development Expense $334,398,000 -2.3%
Selling and Marketing Expense $478,645,000 -1.2%
General and Administrative Expense $172,608,000 +29%
Operating Income (Loss) $238,601,000 +76%
Nonoperating Income (Expense) $28,241,000 -182%
Income Tax Expense (Benefit) $30,965,000 +54%
Earnings Per Share, Basic 1 +71%
Earnings Per Share, Diluted 1 +71%
Accounts Receivable, after Allowance for Credit Loss, Current $389,926,000 +9.5%
Inventory, Net $401,626,000 +17%
Assets, Current $1,054,744,000 +13%
Property, Plant and Equipment, Net $283,907,000 +10%
Operating Lease, Right-of-Use Asset $68,062,000 +5.6%
Intangible Assets, Net (Excluding Goodwill) $192,904,000 -19%
Goodwill $638,459,000 +5.7%
Other Assets, Noncurrent $124,918,000 +75%
Assets $2,362,994,000 +9%
Accounts Payable, Current $60,514,000
Employee-related Liabilities, Current $49,575,000 -1.2%
Contract with Customer, Liability, Current $158,247,000 +30%
Liabilities, Current $424,399,000 +13%
Long-term Debt and Lease Obligation $564,373,000 +19%
Contract with Customer, Liability, Noncurrent $60,094,000 +40%
Accrued Income Taxes, Noncurrent $22,581,000 -44%
Deferred Income Tax Liabilities, Net $5,983,000 -64%
Operating Lease, Liability, Noncurrent $36,486,000 +5.7%
Other Liabilities, Noncurrent $31,558,000 +106%
Liabilities $1,145,474,000 +15%
Accumulated Other Comprehensive Income (Loss), Net of Tax $24,484,000 +11%
Retained Earnings (Accumulated Deficit) $11,295,000 -152%
Stockholders' Equity Attributable to Parent $1,217,520,000 +4.2%
Liabilities and Equity $2,362,994,000 +9%
Common Stock, Shares Authorized 360,000,000 0%
Common Stock, Shares, Issued 132,797,497 +0.36%
Common Stock, Par or Stated Value Per Share 0.01 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $139,243,000 +26%
Deferred Tax Assets, Valuation Allowance $75,000,000 -11%
Operating Lease, Liability $53,094,000 +7.6%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $182,391,000 +97%
Lessee, Operating Lease, Liability, to be Paid $60,618,000 +14%
Operating Lease, Liability, Current $16,608,000 +12%
Lessee, Operating Lease, Liability, to be Paid, Year Two $11,889,000 +8.4%
Lessee, Operating Lease, Liability, to be Paid, Year One $15,704,000 +22%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $7,524,000 +87%
Lessee, Operating Lease, Liability, to be Paid, Year Three $9,808,000 +22%
Preferred Stock, Shares Issued 0
Preferred Stock, Shares Authorized 5,000,000 0%
Unrecognized Tax Benefits $18,300,000 +73%
Lessee, Operating Lease, Liability, to be Paid, Year Four $5,214,000 -19%
Additional Paid in Capital $1,251,971,000 +6.7%
Preferred Stock, Shares Outstanding 0
Amortization of Intangible Assets $53,200,000 -7.2%
Interest Expense $30,888,000 +447%
Preferred Stock, Par or Stated Value Per Share 0.01 0%

How we score

This score is transparent and deterministic. We weight profitability, financial health, and growth metrics, then renormalize weights when SEC data is missing.

Metric Weight V1 threshold
ROIC205% to 20%
ROE158% to 25%
ROA102% to 10%
Operating Margin55% to 25%
Current Ratio121.0x to 2.0x
Quick Ratio80.8x to 1.5x
Debt to Equity100.3x to 2.0x (lower is better)
Revenue YoY10-10% to +20%
Net Income YoY10-10% to +20%

How Calculated (standard_v1)

Metrics are computed with a market-consensus convention designed for cross-portal comparability.

  • TTM Operating Income / TTM Revenues
  • Current Assets / Current Liabilities (latest instant quarter)
  • (Current Assets - Inventory) / Current Liabilities; fallback: (Cash+Short-Term Investments + Accounts Receivable) / Current Liabilities
  • Total Debt / Stockholders Equity (latest instant quarter; shared unit; freshest series)
  • TTM Net Income / Average Equity (current quarter + same quarter previous year) / 2
  • TTM Net Income / Average Assets (current quarter + same quarter previous year) / 2
  • TTM NOPAT / Average Invested Capital, where NOPAT=Operating Income*(1-tax rate), Invested Capital=Equity+Total Debt-Cash & ST Investments
  • TTM Revenues YoY
  • TTM Net Income YoY