diff --git a/include/net/net_buf.h b/include/net/net_buf.h
index 230abce8130..5235b5c2454 100644
--- a/include/net/net_buf.h
+++ b/include/net/net_buf.h
@@ -372,4 +372,78 @@ void net_mbuf_put(struct net_mbuf *buf);
 #define uip_pkt_packetbuf_addrs(buf) ((buf)->pkt_packetbuf_addrs)
 /* @endcond */
 
+/** @cond ignore */
+#if defined(CONFIG_INIT_STACKS) && defined(CONFIG_PRINTK)
+#include <offsets.h>
+#include <misc/printk.h>
+
+enum {
+	STACK_DIRECTION_UP,
+	STACK_DIRECTION_DOWN,
+};
+
+static inline unsigned net_calculate_unused(const char *stack, unsigned size,
+					    int stack_growth)
+{
+	unsigned i, unused = 0;
+
+	if (stack_growth == STACK_DIRECTION_DOWN) {
+		for (i = __tTCS_SIZEOF; i < size; i++) {
+			if ((unsigned char)stack[i] == 0xaa) {
+				unused++;
+			} else {
+				break;
+			}
+		}
+	} else {
+		for (i = size - 1; i >= __tTCS_SIZEOF; i--) {
+			if ((unsigned char)stack[i] == 0xaa) {
+				unused++;
+			} else {
+				break;
+			}
+		}
+	}
+
+	return unused;
+}
+
+static inline unsigned net_get_stack_dir(struct net_buf *buf,
+					 struct net_buf **ref)
+{
+	if (buf > *ref) {
+		return 1;
+	} else {
+		return 0;
+	}
+}
+
+static inline void net_analyze_stack(const char *name,
+				     unsigned char *stack,
+				     size_t size)
+{
+	unsigned unused;
+	int stack_growth;
+	char *dir;
+	struct net_buf *buf = NULL;
+
+	if (net_get_stack_dir(buf, &buf)) {
+		dir = "up";
+		stack_growth = STACK_DIRECTION_UP;
+	} else {
+		dir = "down";
+		stack_growth = STACK_DIRECTION_DOWN;
+	}
+
+	unused = net_calculate_unused(stack, size, stack_growth);
+
+	printk("net: ip: %s stack grows %s, "
+	       "stack(%p/%u): unused %u bytes\n",
+	       name, dir, stack, size, unused);
+}
+#else
+#define net_analyze_stack(...)
+#endif
+/* @endcond */
+
 #endif /* __NET_BUF_H */
diff --git a/net/ip/net_init.c b/net/ip/net_init.c
index 0288e16ac12..6425c804d38 100644
--- a/net/ip/net_init.c
+++ b/net/ip/net_init.c
@@ -87,73 +87,6 @@ static struct net_dev {
 	struct net_driver *drv;
 } netdev;
 
-#if defined(CONFIG_INIT_STACKS) && defined(CONFIG_PRINTK)
-#include <offsets.h>
-#include <misc/printk.h>
-
-enum {
-	STACK_DIRECTION_UP,
-	STACK_DIRECTION_DOWN,
-};
-
-static unsigned calculate_unused(const char *stack, unsigned size,
-				 int stack_growth)
-{
-	unsigned i, unused = 0;
-
-	if (stack_growth == STACK_DIRECTION_DOWN) {
-		for (i = __tTCS_SIZEOF; i < size; i++) {
-			if ((unsigned char)stack[i] == 0xaa) {
-				unused++;
-			} else {
-				break;
-			}
-		}
-	} else {
-		for (i = size - 1; i >= __tTCS_SIZEOF; i--) {
-			if ((unsigned char)stack[i] == 0xaa) {
-				unused++;
-			} else {
-				break;
-			}
-		}
-	}
-
-	return unused;
-}
-
-static void analyze_stacks(struct net_buf *buf, struct net_buf **ref)
-{
-	unsigned unused_rx, unused_tx;
-	int stack_growth;
-	char *dir;
-
-	if (buf > *ref) {
-		dir = "up";
-		stack_growth = STACK_DIRECTION_UP;
-	} else {
-		dir = "down";
-		stack_growth = STACK_DIRECTION_DOWN;
-	}
-
-	unused_rx = calculate_unused(rx_fiber_stack, sizeof(rx_fiber_stack),
-				     stack_growth);
-	unused_tx = calculate_unused(tx_fiber_stack, sizeof(tx_fiber_stack),
-				     stack_growth);
-
-	printk("net: ip: stack grows %s, sizeof(tTCS): %u  "
-	       "rx stack(%p/%u): unused %u/%u  "
-	       "tx stack(%p/%u): unused %u/%u\n",
-	       dir, __tTCS_SIZEOF,
-	       rx_fiber_stack, sizeof(rx_fiber_stack),
-	       unused_rx, sizeof(rx_fiber_stack),
-	       tx_fiber_stack, sizeof(tx_fiber_stack),
-	       unused_tx, sizeof(tx_fiber_stack));
-}
-#else
-#define analyze_stacks(...)
-#endif
-
 /* Called by application to send a packet */
 int net_send(struct net_buf *buf)
 {
@@ -528,7 +461,8 @@ static void net_tx_fiber(void)
 		} while (ret > 0);
 
 		/* Check stack usage (no-op if not enabled) */
-		analyze_stacks(buf, &buf);
+		net_analyze_stack("TX fiber", tx_fiber_stack,
+				  sizeof(tx_fiber_stack));
 
 		net_buf_put(buf);
 	}
@@ -544,7 +478,8 @@ static void net_rx_fiber(void)
 		buf = nano_fifo_get_wait(&netdev.rx_queue);
 
 		/* Check stack usage (no-op if not enabled) */
-		analyze_stacks(buf, &buf);
+		net_analyze_stack("RX fiber", rx_fiber_stack,
+				  sizeof(rx_fiber_stack));
 
 		NET_DBG("Received buf %p\n", buf);