Gen Digital Inc. (GEN) Stock

Gen Digital Inc. (GEN) is a Technology stock trading at $31.25 (as of 2026-09-15), with a market capitalization of $18.71B and a trailing P/E of 17.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Gen Digital Inc. offers consumer cybersecurity and privacy protection products and services, including Norton 360 for device security, Norton and LifeLock for identity theft protection, and Norton Secure VPN. It also provides privacy and fraud-related monitoring offerings such as dark web and social media monitoring, and these services are provided to customers in the U.S., Canada, and multiple international regions.

Understand Gen Digital Inc.: how it makes money

Gen Digital sells Norton 360 cyber-protection and LifeLock identity-theft subscriptions to consumers worldwide, collecting recurring fees each month. The model is a high-retention annuity layered with a growing marketplace business (Engine) that adds new revenue lines but shifts the margin mix.

78% retention on roughly 40 million consumer subscriptions creates a near-fixed cost base, so incremental marketplace and cross-sell revenue flows to 77% gross margin; the subscription annuity is the profit engine while Engine adds scale at a structurally lower margin.

Business quality (Strong): Strong business quality: 77% gross margin, 33% operating margin, 40% ROE, and 6% revenue growth at just 16.6x earnings puts Gen Digital in the high-quality, reasonably-valued bucket for a consumer-software name.

Valuation: Trades at 17× trailing earnings · $17.4B market cap.

Bull case

  • AI scams lift demand: Management notes AI-driven scam concerns are increasing willingness to pay for protection, which should support renewal rates and new subscriber acquisition across the existing customer base.
  • Engine hits $500M run rate: The Engine platform reached a roughly $500 million annual revenue run rate with new partners and verticals, diversifying revenue beyond the core Norton subscription and opening a second growth engine.
  • Cheap for the quality: At a P/E of 16.6x with 33% operating margin, Gen Digital trades at a moderate multiple for a business generating durable, high-margin recurring cash flows.

Bear case

  • Engine dilutes the margin profile: Management flags that gross margin may face continued mix pressure from Engine marketplace growth, meaning the 77% gross margin investors enjoy today could erode as lower-margin marketplace revenue scales.
  • Wellness line is US-only: Financial wellness expansion remains concentrated in the United States, limiting the addressable market for that second product pillar and keeping the company exposed to domestic consumer-discretion swings.
  • Agentic AI is unproven here: Agentic AI revenue remains modest during fiscal 2027, so the narrative that AI will drive a new step-change in Gen Digital's top line has yet to show up in meaningful dollar terms.
Valuation — source: SEC EDGAR (first-party)
Price$31.25
Market Cap$18.71B
P/E Ratio17.8
EV / EBITDA10.1
Price / Book7.04
Price / Sales3.68
Dividend Yield1.7%
FCF Yield8.3%
DCF Value (model)$24.07
DCF Upside vs Price-23.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.00B
Net Margin19.5%
Return on Equity39.6%
Debt / Equity3.07
Current Ratio0.47
Revenue Growth (YoY)6.3%
EPS Growth (YoY)63.6%
FCF Growth (YoY)6.2%
Financial Health — source: SEC EDGAR
Altman Z-Score1.54 (distress)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E17.8
Sector P/E (Technology)30.8
Industry P/E (Business Services)25.7
vs Sector-42.4%
vs Industry-30.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.99B)
Institutional Holders Tracked10
Congressional Trades (recent)8
Company
SectorTechnology
IndustryBusiness Services
CEOVincent Pilette
Employees3,400
CountryUS
IPO Date1989-06-23

Gen Digital Inc. earnings call transcripts

  • GEN Q2 FY26 earnings call transcript (reported 2025-11-06) · analysis
  • GEN Q1 FY26 earnings call transcript (reported 2025-08-07) · analysis
  • GEN Q4 FY25 earnings call transcript (reported 2025-05-06) · analysis
  • GEN Q3 FY25 earnings call transcript (reported 2025-01-30) · analysis
  • GEN Q2 FY25 earnings call transcript (reported 2024-10-30) · analysis
  • GEN Q1 FY25 earnings call transcript (reported 2024-08-01) · analysis

All GEN earnings calls

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GEN earnings history · GEN institutional & insider holders · GEN KPIs & operating metrics · GEN financials · GEN filings, presentations & press releases · GEN investor presentations & press releases · GEN SEC filings · GEN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.