NetApp
NTAP
235.77
+7.32
+3.20%
NetApp
US · NTAP
#541 by market cap
Listed 1995
235.77
+7.32
+3.20%
Live - 5344 symbols - heartbeat 180s ago
· 2026-10-08 08:28
Pre-market
233.00
-1.17%
After-hours
237.96
+0.93%
Overnight
235.00
-0.33%
- Market cap
- 46.31B
- P/E (TTM)i
- 33.30
- P/Bi
- 30.98
- EPSi
- 6.35
- Div yieldi
- 0.88%
- 52W posi
- 98%
Reader sentiment
Are you bullish or bearish on NTAP?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 4.34, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +5.37% YoY
Margins
- Gross margin
- 70.74%
- Operating margin
- 24.48%
- Net margin
- 18.43%
Key ratios & quality
- Enterprise valuei
- 45.25B
- PEG ratioi
- 636.71
- Altman Z-Scorei
- 4.34
PEG uses trailing P/E against the 3-year net income growth rate (0.05%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.15B | 5.41B | 5.74B | 6.32B | 6.36B | 6.27B | 6.57B | 6.93B |
| Gross profit | 3.95B | 3.62B | 3.82B | 4.22B | 4.21B | 4.43B | 4.61B | 4.90B |
| Selling & admin expenses | 1.94B | 1.85B | 2.00B | 2.14B | 2.09B | 2.14B | 2.18B | 2.21B |
| Research & development | 827.00M | 847.00M | 881.00M | 881.00M | 956.00M | 1.03B | 1.01B | 991.00M |
| Operating profit | 1.18B | 928.00M | 933.00M | 1.20B | 1.16B | 1.27B | 1.43B | 1.70B |
| Pretax profit | 1.27B | 944.00M | 962.00M | 1.10B | 1.07B | 1.26B | 1.38B | 1.65B |
| Tax | 99.00M | 125.00M | 232.00M | 158.00M | -208.00M | 277.00M | 197.00M | 372.00M |
| Net profit | 1.17B | 819.00M | 730.00M | 937.00M | 1.27B | 986.00M | 1.19B | 1.28B |
| Basic EPS | 5 | 4 | 3 | 4 | 6 | 5 | 6 | 6 |
| Diluted EPS | 4.51 | 3.52 | 3.23 | 4.09 | 5.79 | 4.63 | 5.67 | 6.35 |
| Line item | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 | 2026-07 |
|---|---|---|---|---|---|---|
| Revenue | 1.73B | 1.56B | 1.71B | 1.71B | 1.95B | 2.03B |
| Gross profit | 1.19B | 1.10B | 1.23B | 1.21B | 1.37B | 1.42B |
| Selling & admin expenses | 543.00M | 545.00M | 554.00M | 541.00M | 573.00M | 605.00M |
| Research & development | 256.00M | 242.00M | 251.00M | 237.00M | 261.00M | 274.00M |
| Operating profit | 394.00M | 311.00M | 422.00M | 431.00M | 531.00M | 540.00M |
| Pretax profit | 354.00M | 304.00M | 393.00M | 433.00M | 518.00M | 484.00M |
| Tax | 14.00M | 71.00M | 88.00M | 99.00M | 114.00M | 109.00M |
| Net profit | 340.00M | 233.00M | 305.00M | 334.00M | 404.00M | 375.00M |
| Basic EPS | 2 | 1 | 2 | 2 | 2 | 2 |
| Diluted EPS | 1.65 | 1.15 | 1.51 | 1.67 | 2.03 | 1.88 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 5.61B | 4.27B | 6.00B | 5.95B | 4.68B | 4.90B | 5.85B | 5.78B |
| Cash & ST investments | 3.90B | 2.88B | 4.60B | 4.13B | 3.07B | 3.25B | 3.85B | 3.58B |
| Inventory | 131.00M | 145.00M | 114.00M | 204.00M | 167.00M | 186.00M | 186.00M | 198.00M |
| Total assets | 8.74B | 7.52B | 9.36B | 10.03B | 9.82B | 9.89B | 10.82B | 10.74B |
| Total current liabilities | 3.87B | 3.62B | 3.45B | 3.95B | 3.47B | 4.11B | 4.66B | 4.02B |
| Short-term debt | 649.00M | 573.00M | 49.00M | 297.00M | 47.00M | 440.00M | 790.00M | 42.00M |
| Long-term debt | 1.14B | 1.15B | 2.63B | 2.39B | 2.39B | 1.99B | 2.49B | 2.49B |
| Total liabilities | 7,651,000,000.00 | 7,280,000,000.00 | 8,675,000,000.00 | 9,188,000,000.00 | 8,659,000,000.00 | 8,741,000,000.00 | 9,783,000,000.00 | 9,393,000,000.00 |
| Total equity | 1.09B | 242.00M | 685.00M | 838.00M | 1.16B | 1.15B | 1.04B | 1.35B |
| Retained earnings | 0 | 0 | 211.00M | 122.00M | 265.00M | 208.00M | 0 | 153.00M |
| Line item | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 | 2026-07 |
|---|---|---|---|---|---|---|
| Total current assets | 5.85B | 4.69B | 4.65B | 5.00B | 5.78B | 5.67B |
| Cash & ST investments | 3.85B | 3.32B | 3.01B | 3.01B | 3.58B | 3.58B |
| Inventory | 186.00M | 133.00M | 127.00M | 109.00M | 198.00M | 375.00M |
| Total assets | 10.82B | 9.68B | 9.63B | 9.97B | 10.74B | 10.96B |
| Total current liabilities | 4.66B | 3.57B | 3.47B | 3.59B | 4.02B | 4.57B |
| Short-term debt | 790.00M | 41.00M | 42.00M | 41.00M | 42.00M | 596.00M |
| Long-term debt | 2.49B | 2.49B | 2.49B | 2.49B | 2.49B | 1.94B |
| Total liabilities | 9,783,000,000.00 | 8,704,000,000.00 | 8,644,000,000.00 | 8,813,000,000.00 | 9,393,000,000.00 | 9,460,000,000.00 |
| Total equity | 1.04B | 975.00M | 986.00M | 1.16B | 1.35B | 1.50B |
| Retained earnings | 0 | 0 | 0 | 40.00M | 153.00M | 235.00M |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.34B | 1.06B | 1.33B | 1.21B | 1.11B | 1.69B | 1.51B | 2.07B |
| Depreciation & amortization | 197.00M | 193.00M | 207.00M | 194.00M | 248.00M | 255.00M | 243.00M | 200.00M |
| Free cash flow | 1.17B | 936.00M | 1.17B | 985.00M | 868.00M | 1.53B | 1.34B | 1.87B |
| Dividends paid | -403.00M | -439.00M | -427.00M | -446.00M | -432.00M | -416.00M | -424.00M | -413.00M |
| Stock buybacks / issuance | -2.11B | -1.41B | -125.00M | -600.00M | -850.00M | -900.00M | -1.15B | -950.00M |
| Ending cash balance | 2.33B | 2.67B | 4.54B | 4.12B | 2.32B | 1.91B | 2.75B | 2.08B |
| Line item | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 | 2026-07 |
|---|---|---|---|---|---|---|
| Operating cash flow | 675.00M | 673.00M | 127.00M | 317.00M | 950.00M | 503.00M |
| Depreciation & amortization | 53.00M | 51.00M | 52.00M | 48.00M | 49.00M | 33.00M |
| Free cash flow | 640.00M | 620.00M | 78.00M | 271.00M | 900.00M | 401.00M |
| Dividends paid | -105.00M | -104.00M | -103.00M | -103.00M | -103.00M | -102.00M |
| Stock buybacks / issuance | -250.00M | -300.00M | -250.00M | -200.00M | -200.00M | -200.00M |
| Ending cash balance | 2.75B | 2.09B | 2.08B | 1.64B | 2.08B | 1.58B |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 74.06 | 122.97 | 157.50 | 123.05 | 127.59 | 85.55 | 108.51 | 106.73 |
| ROA %i | 12.57 | 10.07 | 8.65 | 9.67 | 12.84 | 10.01 | 11.45 | 11.83 |
| ROIC %i | 33.20 | 33.42 | 28.39 | 27.55 | 33.39 | 24.83 | 27.49 | 29.55 |
| 5-year avg ROE %i | 22.77 | 44.26 | 74.30 | 95.51 | 120.11 | 123.33 | 120.44 | 110.29 |
| EBIT margin %i | 21.58 | 18.46 | 18.04 | 18.49 | 17.81 | 21.17 | 22.02 | 25.37 |
| FCF / sales %i | 19.00 | 17.29 | 20.39 | 15.59 | 13.64 | 24.41 | 20.36 | 26.99 |
| Current ratioi | 1.45 | 1.18 | 1.74 | 1.50 | 1.35 | 1.19 | 1.26 | 1.44 |
| Quick ratioi | 1.32 | 1.07 | 1.61 | 1.36 | 1.17 | 1.04 | 1.09 | 1.21 |
| Debt / assetsi | 20.51 | 24.09 | 29.40 | 29.32 | 27.34 | 26.82 | 32.26 | 25.44 |
| LT debt / equityi | 104.95 | 511.98 | 394.60 | 315.39 | 227.52 | 193.02 | 259.71 | 199.19 |
| Interest coveragei | 22.86 | 18.16 | 14.00 | 16.00 | 16.91 | 20.73 | 22.61 | 16.12 |
| Revenue CAGR (3Y) %i | 3.48 | -0.48 | -1.00 | 0.92 | 5.54 | 2.95 | 1.32 | 2.87 |
| Net income CAGR (3Y) %i | 72.18 | 19.41 | 84.62 | -7.11 | 15.87 | 10.54 | 8.17 | 0.05 |
| FCF CAGR (3Y) %i | 12.79 | 4.89 | -4.23 | -5.52 | -2.48 | 9.32 | 10.75 | 29.13 |
| Line item | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 | 2026-07 |
|---|---|---|---|---|---|---|
| ROE %i | 108.51 | 123.00 | 125.35 | 112.59 | 106.73 | 114.82 |
| ROA %i | 11.45 | 12.33 | 12.63 | 12.78 | 11.83 | 13.74 |
| ROIC %i | 27.49 | 31.29 | 33.70 | 33.62 | 29.55 | 36.58 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 22.02 | 22.23 | 22.74 | 23.64 | 25.37 | 26.21 |
| FCF / sales %i | 20.36 | 25.16 | 25.25 | 23.98 | 26.99 | 22.32 |
| Current ratioi | 1.26 | 1.31 | 1.34 | 1.39 | 1.44 | 1.24 |
| Quick ratioi | 1.09 | 1.15 | 1.15 | 1.20 | 1.21 | 0.99 |
| Debt / assetsi | 32.26 | 28.36 | 28.44 | 27.42 | 25.44 | 23.13 |
| LT debt / equityi | 259.71 | 277.33 | 273.53 | 232.56 | 199.19 | 129.63 |
| Interest coveragei | 22.61 | 19.03 | 17.15 | 15.55 | 16.12 | 17.77 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Hybrid Cloud is the largest reported line at 89.83% of revenue, across 2 reported segments.
- The next-largest line, Public Cloud, is a distant second at 10.17% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Hybrid Cloud89.83%
Public Cloud10.17%
Quote time 2026-10-08 08:28:35 · For reference only, not investment advice and not tailored to your situation.