Gen Digital Inc.
GEN, GENVR · Services-Prepackaged Software · 602.4M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $303M (gross $441M, SBC $138M)
Reference price $24.78 · est. market cap ~$14.9B — last insider sale, 2026-06-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74Consumer-cybersecurity franchise (Norton/Avast) with elite margins and free cash flow, weighed down by high leverage and thin liquidity.
Strengths
- Elite margins and FCF — operating margin 42.4% (97th), FCF $1.52B (90th), FCF margin 30.5%
- Strong returns and growth — ROE 37.3% (87th), revenue +27.1% (MoneyLion deal), net income +51.3%
- Durable recurring subscriptions — qualitative (per 10-K)
Risks
- Very high leverage and weak liquidity — D/E 3.07 (94th), current ratio 0.40 (1st)
- Acquisition-integration risk (Avast/MoneyLion) — qualitative (per 10-K)
- Mature consumer-security competition — qualitative (per 10-K)
Notable findings
- High leverageHigh leverage (debt/equity 3.07)
- Weak liquidityCurrent ratio 0.40 (<1)
- Customer concentration~100% of revenue from one customer/distributor — The following table sets forth our Consolidated Statements of Operations data as a percentage of net revenues for the periods indicated: Fiscal Year 2026 2025 Net revenues 100 % 100 % Cost of
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Notable holderHeld by 6 notable fund(s): FMR LLC, STATE STREET CORP, CITADEL ADVISORS LLC +3 more (as of 2026-03-31)
- Insider sellingInsider selling — 2 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
78.5%
Operating margin
42.4%
Net margin
19.5%
Return on equity
37.3%
Return on assets
6.2%
ROIC
15.8%
Revenue growth (QoQ)
3.5%
Net-income growth
51.3%
Debt / equity
3.1×
Net debt / EBITDA
2.9×
Current ratio
0.4×
Free cash flow
$1.5B
EBITDA
$2.6B
Tangible book value
-$10.5B
Cash & investments
$411M
Stock comp / revenue
4.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | Vlcek Ondrej | Sell | 100K | $24.78 |
| 2026-06-04 | Chrystal John C | Buy | 3.0K | $27.06 |
| 2026-06-01 | Vlcek Ondrej | Tax withheld | 128 | $27.76 |
| 2026-05-08 | Pilette Vincent | Grant | 499K | — |
| 2026-05-08 | DERSE NATALIE MARIE | Grant | 135K | — |
| 2026-05-08 | KO BRYAN SEUK | Grant | 135K | — |
| 2026-05-04 | Pilette Vincent | Tax withheld | 329K | $19.63 |
| 2026-05-04 | DERSE NATALIE MARIE | Tax withheld | 132K | $19.63 |
| 2026-05-04 | KO BRYAN SEUK | Option exercise | 183K | $19.63 |
| 2026-05-04 | KO BRYAN SEUK | Tax withheld | 99K | $19.63 |
| 2026-05-04 | Pilette Vincent | Option exercise | 695K | $19.63 |
| 2026-05-04 | DERSE NATALIE MARIE | Option exercise | 244K | $19.63 |
| 2026-05-01 | DERSE NATALIE MARIE | Tax withheld | 42K | $19.37 |
| 2026-05-01 | Pilette Vincent | Tax withheld | 118K | $19.37 |
| 2026-05-01 | KO BRYAN SEUK | Tax withheld | 34K | $19.37 |
| 2026-03-01 | Vlcek Ondrej | Tax withheld | 128 | $22.57 |
| 2026-02-17 | DERSE NATALIE MARIE | Sell | 794 | $23.62 |
| 2026-02-15 | Pilette Vincent | Grant | 795 | $20.16 |
| 2026-02-15 | KO BRYAN SEUK | Grant | 905 | $20.16 |
| 2026-02-15 | DERSE NATALIE MARIE | Grant | 794 | $20.16 |
| 2025-12-10 | Vlcek Ondrej | Sell | 114K | $27.12 |
| 2025-12-01 | Vlcek Ondrej | Tax withheld | 128 | $26.28 |
| 2025-11-13 | Chrystal John C | Buy | 5.0K | $27.14 |
| 2025-11-01 | Vlcek Ondrej | Tax withheld | 19K | $26.36 |
| 2025-09-09 | Barsamian Sue | Gift | 10K | — |
| 2025-09-09 | Vlcek Ondrej | Grant | 8.8K | — |
| 2025-09-09 | Vlcek Ondrej | Grant | 1.7K | $29.47 |
| 2025-09-09 | Smith Sherrese M | Grant | 8.8K | — |
| 2025-09-09 | HEATH EMILY | Grant | 8.8K | — |
| 2025-09-09 | Denzel Nora | Grant | 8.8K | — |
| 2025-09-09 | Chrystal John C | Grant | 8.8K | — |
| 2025-09-09 | Chrystal John C | Grant | 1.7K | $29.47 |
| 2025-09-09 | BRANDT ERIC | Grant | 8.8K | — |
| 2025-09-09 | BRANDT ERIC | Gift | 10K | — |
| 2025-09-09 | BRANDT ERIC | Gift | 10K | — |
| 2025-09-09 | Baudis Pavel | Grant | 8.8K | — |
| 2025-09-09 | Baudis Pavel | Tax withheld | 3.0K | $29.47 |
| 2025-09-09 | Barsamian Sue | Grant | 8.8K | — |
| 2025-09-09 | Smith Sherrese M | Grant | 1.7K | $29.47 |
| 2025-09-09 | Barsamian Sue | Gift | 10K | — |
| 2025-08-13 | KO BRYAN SEUK | Sell | 41K | $32.00 |
| 2025-08-13 | Chrystal John C | Buy | 10K | $32.10 |
| 2025-06-01 | Dangeard Frank E | Tax withheld | 145 | $28.48 |
| 2025-05-16 | DERSE NATALIE MARIE | Grant | 93K | — |
| 2025-05-16 | Pilette Vincent | Grant | 339K | — |
| 2025-05-16 | Denzel Nora | Sell | 32K | $28.76 |
| 2025-05-16 | KO BRYAN SEUK | Grant | 89K | — |
| 2025-05-15 | Chrystal John C | Grant | 2.9K | — |
| 2025-05-02 | KO BRYAN SEUK | Tax withheld | 67K | $25.93 |
| 2025-05-02 | Pilette Vincent | Option exercise | 479K | $25.93 |
| 2025-05-02 | Pilette Vincent | Tax withheld | 244K | $25.93 |
| 2025-05-02 | KO BRYAN SEUK | Option exercise | 128K | $25.93 |
| 2025-05-02 | DERSE NATALIE MARIE | Option exercise | 138K | $25.93 |
| 2025-05-02 | DERSE NATALIE MARIE | Tax withheld | 73K | $25.93 |
| 2025-05-01 | Vlcek Ondrej | Tax withheld | 14K | $25.60 |
| 2025-05-01 | Pilette Vincent | Tax withheld | 110K | $25.60 |
| 2025-05-01 | DERSE NATALIE MARIE | Tax withheld | 35K | $25.60 |
| 2025-05-01 | KO BRYAN SEUK | Tax withheld | 27K | $25.60 |
| 2025-03-01 | Dangeard Frank E | Tax withheld | 145 | $27.34 |
| 2025-02-18 | DERSE NATALIE MARIE | Sell | 989 | $27.74 |
| 2025-02-15 | KO BRYAN SEUK | Grant | 1.2K | $27.72 |
| 2025-02-15 | DERSE NATALIE MARIE | Grant | 989 | $21.48 |
| 2025-02-15 | Pilette Vincent | Grant | 989 | $21.48 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-07 | ResultsOtherExhibits | filing ↗ |
| 2026-03-27 | Material agreement | filing ↗ |
| 2026-02-05 | ResultsExhibits | filing ↗ |
| 2025-11-07 | Exec/director changeExhibits | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-09-12 | Shareholder vote | filing ↗ |
| 2025-08-07 | ResultsExhibits | filing ↗ |
| 2025-07-22 | Exec/director changeReg FDOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-K | 2026-05-21 | 2026-04-03 | 0000849399-26-000017 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0000849399-26-000014 ↗ |
| 8-K | 2026-03-27 | 2026-03-27 | 0000849399-26-000011 ↗ |
| 10-Q | 2026-02-06 | 2026-01-02 | 0000849399-26-000004 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0000849399-26-000002 ↗ |
| 10-Q | 2025-11-07 | 2025-10-03 | 0000849399-25-000092 ↗ |
| 8-K | 2025-11-07 | 2025-11-03 | 0000849399-25-000094 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0000849399-25-000087 ↗ |
| 8-K | 2025-09-12 | 2025-09-09 | 0000849399-25-000082 ↗ |
| 10-Q | 2025-08-13 | 2025-07-04 | 0000849399-25-000059 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0000849399-25-000057 ↗ |
| 8-K | 2025-07-22 | 2025-07-17 | 0000849399-25-000054 ↗ |