NetApp, Inc. financials

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NTAP CIK 0001002047

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:12:47Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 1.34B 1.53B 868.00M 985.00M 1.17B 936.00M
EBITDA 1.53B 1.41B 1.20B 1.30B 1.19B 1.10B
Working Capital 1.19B 791.00M 1.21B 1.99B 2.55B 658.00M
Net Debt 749.00M 749.00M 368.00M -1.17B -1.78B -846.00M
Gross Margin 70.19% 70.72% 66.16% 66.79% 66.42% 66.94%
Operating Margin 20.34% 19.37% 16.00% 18.31% 17.95% 17.46%
Net Margin 18.05% 15.73% 20.03% 14.83% 12.71% 15.13%
Return on Equity (ROE) 114.04% 86.04% 109.92% 111.81% 106.57% 338.43%
Return on Assets (ROA) 10.96% 9.97% 12.98% 9.35% 7.80% 10.89%
Current Ratio 1.255 1.1926 1.3499 1.5039 1.7384 1.182
Debt-to-Equity 3.3567 2.3141 2.3158 3.5084 4.0175 7.4876
Effective Tax Rate 14.24% 21.93% -19.51% 14.43% 24.12% 13.24%
Cash Conversion Ratio 1.2698 1.7089 0.8689 1.2924 1.826 1.2943
Accruals Ratio -0.0296 -0.0707 0.017 -0.0273 -0.0644 -0.032
SBC % of Revenue 5.87% 5.70% 4.90% 3.88% 3.43% 2.83%
CapEx Coverage 8.9643 10.871 4.6318 5.3584 8.2284 8.5484
Free Cash Flow Per Share $6.40 $7.18 $3.95 $4.30 $5.18 $4.02

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 15.5996 21.8855 10.8618 17.9095 23.1238 12.233
P/FCF 13.8162 14.1067 15.9397 17.0297 14.415 10.7189
FCF Yield 7.24% 7.09% 6.27% 5.87% 6.94% 9.33%
EV / EBITDA 12.0857 15.3137 11.4268 11.4506 12.451 7.8109
P/S 2.7052 3.3302 2.0957 2.5506 2.8867 1.7425
P/B 17.0947 18.2146 11.5036 19.2303 24.2061 38.9675

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 6.57B 6.27B 6.36B 6.32B 5.74B 5.41B
Cost of Goods and Services Sold 1.96B 1.83B 2.15B 2.10B 1.93B 1.79B
Gross Profit 4.61B 4.43B 4.21B 4.22B 3.81B 3.62B
Research and Development Expense 1.01B 1.03B 956.00M 881.00M 881.00M 847.00M
Operating Expenses 3.28B 3.22B 3.19B 3.06B 2.78B 2.68B
Operating Income (Loss) 1.34B 1.21B 1.02B 1.16B 1.03B 945.00M
Income Tax Expense (Benefit) 197.00M 277.00M -208.00M 158.00M 232.00M 125.00M
Net Income (Loss) Attributable to Parent 1.19B 986.00M 1.27B 937.00M 730.00M 819.00M
Earnings Per Share, Basic $5.81 $4.74 $5.87 $4.20 $3.29 $3.56
Weighted Average Number of Shares Outstanding, Basic 204.00M 208.00M 217.00M 223.00M 222.00M 230.00M
Earnings Per Share, Diluted $5.67 $4.63 $5.79 $4.09 $3.23 $3.52
Weighted Average Number of Shares Outstanding, Diluted 209.00M 213.00M 220.00M 229.00M 226.00M 233.00M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 2.74B 1.90B 2.32B 4.11B 4.53B 2.66B
Assets, Current 5.85B 4.90B 4.68B 5.95B 6.00B 4.27B
Assets 10.82B 9.89B 9.82B 10.03B 9.36B 7.52B
Long-term Debt 3.23B 2.39B 2.39B 2.64B 2.63B 1.15B
Liabilities, Current 4.66B 4.11B 3.47B 3.95B 3.45B 3.62B
Long-term Debt, Excluding Current Maturities 2.48B 1.99B 2.39B 2.39B 2.63B 1.15B
Liabilities 9.78B 8.74B 8.66B 9.19B 8.68B 7.28B
Stockholders' Equity Attributable to Parent 1.04B 1.15B 1.16B 838.00M 685.00M 242.00M
Common Stock, Shares, Outstanding 201.00M 206.00M 212.00M 220.00M 222.00M 219.00M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 1.51B 1.69B 1.11B 1.21B 1.33B 1.06B
Payments to Acquire Property, Plant, and Equipment 168.00M 155.00M 239.00M 226.00M 162.00M 124.00M
Net Cash Provided by (Used in) Investing Activities 147.00M -735.00M -1.39B -561.00M 21.00M 1.27B
Payments for Repurchase of Common Stock 1.15B 900.00M 850.00M 600.00M 125.00M 1.41B
Payments of Dividends 424.00M 416.00M 432.00M 446.00M 427.00M 439.00M
Net Cash Provided by (Used in) Financing Activities -828.00M -1.34B -1.51B -1.02B 444.00M -1.96B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

25 concepts 3 units
Unit US$ · 19 concepts
Label Value Period
Revenue from Contract with Customer, Excluding Assessed Tax 1.71B 2025-10-25 → 2026-01-23
Cost of Goods and Services Sold 504.00M 2025-10-25 → 2026-01-23
Gross Profit 1.21B 2025-10-25 → 2026-01-23
Research and Development Expense 237.00M 2025-10-25 → 2026-01-23
Amortization of Intangible Assets 5.00M 2025-10-25 → 2026-01-23
Depreciation, Depletion and Amortization, Nonproduction 151.00M 2025-04-26 → 2026-01-23
Restructuring Charges -3.00M 2025-10-25 → 2026-01-23
Business Combination, Acquisition Related Costs 0 2025-10-25 → 2026-01-23
Selling and Marketing Expense 455.00M 2025-10-25 → 2026-01-23
General and Administrative Expense 86.00M 2025-10-25 → 2026-01-23
Operating Expenses 775.00M 2025-10-25 → 2026-01-23
Operating Income (Loss) 434.00M 2025-10-25 → 2026-01-23
Investment Income, Interest 25.00M 2025-10-25 → 2026-01-23
Other Nonoperating Income (Expense) 0 2025-10-25 → 2026-01-23
Nonoperating Income (Expense) -1.00M 2025-10-25 → 2026-01-23
InterestExpenseNonoperating 26.00M 2025-10-25 → 2026-01-23
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 433.00M 2025-10-25 → 2026-01-23
Income Tax Expense (Benefit) 99.00M 2025-10-25 → 2026-01-23
Net Income (Loss) Attributable to Parent 334.00M 2025-10-25 → 2026-01-23
Unit shares · 3 concepts
Label Value Period
Weighted Average Number of Shares Outstanding, Basic 198.00M 2025-10-25 → 2026-01-23
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 2.00M 2025-10-25 → 2026-01-23
Weighted Average Number of Shares Outstanding, Diluted 200.00M 2025-10-25 → 2026-01-23
Unit US$ / share · 3 concepts
Label Value Period
Earnings Per Share, Basic $1.69 2025-10-25 → 2026-01-23
Earnings Per Share, Diluted $1.67 2025-10-25 → 2026-01-23
Common Stock, Dividends, Per Share, Declared $0.52 2025-10-25 → 2026-01-23

Comprehensive Income

6 concepts 1 unit

Balance Sheet

47 concepts 3 units
Unit US$ · 43 concepts
Label Value Period
Cash and Cash Equivalents, at Carrying Value 1.63B as of 2026-01-23
Restricted Cash 6.00M as of 2026-01-23
Short-term Investments 1.38B as of 2026-01-23
Cash, Cash Equivalents, and Short-term Investments 3.01B as of 2026-01-23
Accounts Receivable, after Allowance for Credit Loss, Current 1.31B as of 2026-01-23
Inventory, Net 109.00M as of 2026-01-23
Capitalized Contract Cost, Net, Current 63.00M as of 2026-01-23
Other Assets, Current 565.00M as of 2026-01-23
Assets, Current 5.00B as of 2026-01-23
Operating Lease, Right-of-Use Asset 231.00M as of 2026-01-23
Property, Plant and Equipment, Gross 2.23B as of 2026-01-23
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 1.65B as of 2026-01-23
Property, Plant and Equipment, Net 576.00M as of 2026-01-23
Capitalized Contract Cost, Net 178.00M as of 2026-01-23
Goodwill 2.76B as of 2026-01-23
Finite-Lived Intangible Assets, Gross 107.00M as of 2026-01-23
Finite-Lived Intangible Assets, Accumulated Amortization 81.00M as of 2026-01-23
Finite-Lived Intangible Assets, Net 26.00M as of 2026-01-23
Capitalized Contract Cost, Net, Noncurrent 115.00M as of 2026-01-23
Other Assets, Noncurrent 1.62B as of 2026-01-23
Deferred Income Tax Assets, Net 946.00M as of 2026-01-23
Restructuring Reserve 13.00M as of 2026-01-23
Operating Lease, Liability 248.00M as of 2026-01-23
Assets 9.97B as of 2026-01-23
Accounts Payable, Current 413.00M as of 2026-01-23
Employee-related Liabilities, Current 376.00M as of 2026-01-23
Accrued Liabilities, Current 908.00M as of 2026-01-23
Contract with Customer, Liability, Current 2.27B as of 2026-01-23
Commercial Paper 0 as of 2026-01-23
Long-term Debt 2.49B as of 2026-01-23
Other Long-term Debt, Current 0 as of 2026-01-23
Long-term Debt, Current Maturities 0 as of 2026-01-23
Liabilities, Current 3.59B as of 2026-01-23
Long-term Debt, Excluding Current Maturities 2.49B as of 2026-01-23
Contract with Customer, Liability, Noncurrent 2.36B as of 2026-01-23
Liability for Uncertainty in Income Taxes, Noncurrent 48.00M as of 2026-01-23
Other Liabilities, Noncurrent 375.00M as of 2026-01-23
Operating Lease, Liability, Noncurrent 207.00M as of 2026-01-23
Liabilities 8.81B as of 2026-01-23
Accumulated Other Comprehensive Income (Loss), Net of Tax -29.00M as of 2026-01-23
Retained Earnings (Accumulated Deficit) 40.00M as of 2026-01-23
Stockholders' Equity Attributable to Parent 1.16B as of 2026-01-23
Liabilities and Equity 9.97B as of 2026-01-23
Unit shares · 3 concepts
Label Value Period
Common Stock, Shares Authorized 885.00M as of 2026-01-23
Common Stock, Shares, Issued 198.00M as of 2026-01-23
Common Stock, Shares, Outstanding 198.00M as of 2026-01-23
Unit US$ / share · 1 concept
Label Value Period
Common Stock, Par or Stated Value Per Share $0.00 as of 2026-01-23

Cash Flow Statement

32 concepts 1 unit
Unit US$ · 32 concepts
Label Value Period
Share-based Payment Arrangement, Noncash Expense 282.00M 2025-04-26 → 2026-01-23
Operating Lease, Payments 37.00M 2025-04-26 → 2026-01-23
Payments for Restructuring 60.00M 2025-04-26 → 2026-01-23
Repayments of Debt 750.00M 2025-04-26 → 2026-01-23
Interest Paid, Excluding Capitalized Interest, Operating Activities 74.00M 2025-04-26 → 2026-01-23
Deferred Income Tax Expense (Benefit) 48.00M 2025-04-26 → 2026-01-23
Income Taxes Paid, Net 330.00M 2025-04-26 → 2026-01-23
Increase (Decrease) in Accounts Receivable 63.00M 2025-04-26 → 2026-01-23
Capital Expenditures Incurred but Not yet Paid 12.00M 2025-04-26 → 2026-01-23
Increase (Decrease) in Inventories -77.00M 2025-04-26 → 2026-01-23
Increase (Decrease) in Other Operating Assets 54.00M 2025-04-26 → 2026-01-23
Increase (Decrease) in Contract with Customer, Liability 66.00M 2025-04-26 → 2026-01-23
Increase (Decrease) in Accounts Payable, Trade -98.00M 2025-04-26 → 2026-01-23
Increase (Decrease) in Accrued Liabilities -248.00M 2025-04-26 → 2026-01-23
Increase (Decrease) in Income Taxes Payable 3.00M 2025-04-26 → 2026-01-23
Increase (Decrease) in Other Operating Liabilities -9.00M 2025-04-26 → 2026-01-23
Other Operating Activities, Cash Flow Statement 58.00M 2025-04-26 → 2026-01-23
Net Cash Provided by (Used in) Operating Activities 1.12B 2025-04-26 → 2026-01-23
Payments to Acquire Property, Plant, and Equipment 148.00M 2025-04-26 → 2026-01-23
Payments to Acquire Investments 2.26B 2025-04-26 → 2026-01-23
Proceeds from Sale and Collection of Finance Receivables 25.00M 2025-04-26 → 2026-01-23
Proceeds from Sale, Maturity and Collection of Investments 1.98B 2025-04-26 → 2026-01-23
Payments for (Proceeds from) Other Investing Activities -15.00M 2025-04-26 → 2026-01-23
Net Cash Provided by (Used in) Investing Activities -415.00M 2025-04-26 → 2026-01-23
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised 103.00M 2025-04-26 → 2026-01-23
Payments for Repurchase of Common Stock 750.00M 2025-04-26 → 2026-01-23
Payments of Dividends 310.00M 2025-04-26 → 2026-01-23
Payment, Tax Withholding, Share-based Payment Arrangement 112.00M 2025-04-26 → 2026-01-23
Net Cash Provided by (Used in) Financing Activities -1.82B 2025-04-26 → 2026-01-23
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 3.00M 2025-04-26 → 2026-01-23
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -1.11B 2025-04-26 → 2026-01-23
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.64B as of 2026-01-23

Notes

38 concepts 4 units
Unit US$ · 33 concepts
Label Value Period
Operating Lease, Liability, Current 41.00M as of 2026-01-23
Other Accrued Liabilities, Current 475.00M as of 2026-01-23
Investments, Fair Value Disclosure 3.01B as of 2026-01-23
Share-based Payment Arrangement, Expense 97.00M 2025-10-25 → 2026-01-23
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount 706.00M as of 2026-01-23
Inventory, Finished Goods, Net of Reserves 77.00M as of 2026-01-23
Prepaid Expense and Other Assets, Noncurrent 440.00M as of 2026-01-23
Inventory, Raw Materials, Net of Reserves 32.00M as of 2026-01-23
Dividends, Common Stock, Cash 103.00M 2025-10-25 → 2026-01-23
Common Stocks, Including Additional Paid in Capital 1.15B as of 2026-01-23
Finite-Lived Intangible Asset, Expected Amortization, Year One 21.00M as of 2026-01-23
Finite-Lived Intangible Asset, Expected Amortization, Year Two 1.00M as of 2026-01-23
Loss Contingency Accrual 0 as of 2026-01-23
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year 4.00M as of 2026-01-23
StockRepurchaseProgramAuthorizedAmount1 1.10B as of 2026-01-23
Standard Product Warranty Accrual, Current 16.00M as of 2026-01-23
Standard Product Warranty Accrual, Noncurrent 9.00M as of 2026-01-23
Goodwill, Foreign Currency Translation Gain (Loss) 33.00M 2025-04-26 → 2026-01-23
Operating Lease, Cost 12.00M 2025-10-25 → 2026-01-23
Variable Lease, Cost 4.00M 2025-10-25 → 2026-01-23
Lease, Cost 16.00M 2025-10-25 → 2026-01-23
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 11.00M 2025-04-26 → 2026-01-23
Lessee, Operating Lease, Liability, to be Paid, Year One 47.00M as of 2026-01-23
Lessee, Operating Lease, Liability, to be Paid, Year Two 41.00M as of 2026-01-23
Lessee, Operating Lease, Liability, to be Paid, Year Three 36.00M as of 2026-01-23
Lessee, Operating Lease, Liability, to be Paid, Year Four 31.00M as of 2026-01-23
Lessee, Operating Lease, Liability, to be Paid, after Year Five 118.00M as of 2026-01-23
Lessee, Operating Lease, Liability, to be Paid 286.00M as of 2026-01-23
Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year 13.00M as of 2026-01-23
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 38.00M as of 2026-01-23
Unrecognized Tax Benefits 71.00M as of 2026-01-23
Debt Securities, Available-for-sale, Amortized Cost 2.35B as of 2026-01-23
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 97.00M 2025-10-25 → 2026-01-23
Unit shares · 2 concepts
Label Value Period
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 2.00M 2025-10-25 → 2026-01-23
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period 4.00M 2025-04-26 → 2026-01-23
Unit pure · 2 concepts
Label Value Period
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.228 2025-04-26 → 2026-01-23
Operating Lease, Weighted Average Discount Rate, Percent 0.035 as of 2026-01-23
Unit Segment · 1 concept
Label Value Period
Number of Reportable Segments 2 2025-04-26 → 2026-01-23

Other

2 concepts 1 unit
Unit US$ · 2 concepts
Label Value Period
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture 24.00M 2025-10-25 → 2026-01-23
Stock Repurchased and Retired During Period, Value 200.00M 2025-10-25 → 2026-01-23

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (NTAP CIK 0001002047), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.