NetApp, Inc. financials

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SEC pipeline catching up: most recent reported quarter (2026-04-30) isn't incorporated yet — this page is anchored to 2026-01-23 (Q3 2026 · 10-Q). New filings land within a few weekday pipeline runs.
NTAP CIK 0001002047

Source: EDGAR filings · Built 2026-06-04T02:29:08Z

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 — 1.20B 1.30B — 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 1.25× 1.19× 1.35× 1.50× 1.74× 1.18×
Debt-to-Equity 3.36× 2.31× 2.32× 3.51× 4.02× 7.49×
Effective Tax Rate 14.24% 21.93% -19.51% 14.43% 24.12% 13.24%
Cash Conversion Ratio 1.27× 1.71× 0.87× 1.29× 1.83× 1.29×
Accruals Ratio -0.03× -0.07× 0.02× -0.03× -0.06× -0.03×
SBC % of Revenue 5.87% 5.70% 4.90% 3.88% 3.43% 2.83%
CapEx Coverage 8.96× 10.87× 4.63× 5.36× 8.23× 8.55×
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) 15.60× 21.89× 10.86× 17.91× 23.12× 12.23×
P/FCF 13.82× 14.11× 15.94× 17.03× 14.41× 10.72×
FCF Yield 7.24% 7.09% 6.27% 5.87% 6.94% 9.33%
EV / EBITDA 12.09× — 11.43× 11.45× — 7.81×
P/S 2.71× 3.33× 2.10× 2.55× 2.89× 1.74×
P/B 17.09× 18.21× 11.50× 19.23× 24.21× 38.97×

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.

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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.

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