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NetApp (NTAP) Financials

NetApp logo
$99.21 -0.46 (-0.46%)
Closing price 04:00 PM Eastern
Extended Trading
$94.25 -4.96 (-5.00%)
As of 06:21 PM Eastern
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Annual Income Statements for NetApp

Annual Income Statements for NetApp

This table shows NetApp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 4/26/2024 4/28/2023 4/29/2022 4/30/2021 4/24/2020 4/26/2019 4/27/2018 4/28/2017 4/29/2016 4/24/2015
Net Income / (Loss) Attributable to Common Shareholders
986 1,274 937 730 819 1,169 116 481 229 560
Consolidated Net Income / (Loss)
986 1,274 937 730 819 1,169 116 481 229 560
Net Income / (Loss) Continuing Operations
986 1,274 937 730 819 1,169 116 481 229 560
Total Pre-Tax Income
1,263 1,066 1,095 962 944 1,268 1,199 621 345 713
Total Operating Income
1,214 1,018 1,157 1,031 945 1,221 1,158 621 348 716
Total Gross Profit
4,433 4,209 4,220 3,815 3,623 3,945 3,709 3,364 3,373 3,833
Total Revenue
6,268 6,362 6,318 5,744 5,412 6,146 5,919 5,491 5,546 6,123
Operating Revenue
6,268 6,362 6,318 5,744 5,412 6,146 5,919 5,491 5,546 6,123
Total Cost of Revenue
1,835 2,153 2,098 1,929 1,789 2,201 2,210 2,127 2,173 2,290
Operating Cost of Revenue
1,835 2,153 2,098 1,929 1,789 2,201 2,210 2,127 2,173 2,290
Total Operating Expenses
3,219 3,191 3,063 2,784 2,678 2,724 2,551 2,743 3,025 3,117
Selling, General & Admin Expense
308 265 279 257 263 278 280 271 307 284
Marketing Expense
1,828 1,829 1,857 1,744 1,585 1,657 1,706 1,651 1,792 1,913
Research & Development Expense
1,029 956 881 881 847 827 783 779 861 920
Other Operating Expenses / (Income)
0.00 0.00 0.00 -156 -38 -73 -218 - - -
Restructuring Charge
54 141 46 58 21 35 0.00 52 116 0.00
Total Other Income / (Expense), net
49 48 -62 -69 -1.00 47 41 0.00 -3.00 -3.00
Income Tax Expense
277 -208 158 232 125 99 1,083 140 116 153
Basic Earnings per Share
$4.74 $5.87 $4.20 $3.29 $3.56 $4.60 $0.43 $1.75 $0.78 $1.77
Weighted Average Basic Shares Outstanding
208M 217M 223M 222M 230M 254M 268M 275M 294M 316M
Diluted Earnings per Share
$4.63 $5.79 $4.09 $3.23 $3.52 $4.51 $0.42 $1.71 $0.77 $1.75
Weighted Average Diluted Shares Outstanding
213M 220M 229M 226M 233M 259M 276M 281M 297M 321M
Weighted Average Basic & Diluted Shares Outstanding
205.80M 212.43M 221.19M 223.22M 221.82M 254.10M 269.80M 275.10M 293.60M 316.40M
Cash Dividends to Common per Share
$2.00 $2.00 $2.00 $1.92 $1.92 $1.60 $0.80 $0.76 $0.72 $0.66

Quarterly Income Statements for NetApp

This table shows NetApp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 1/24/2025 10/25/2024 7/26/2024 4/26/2024 1/26/2024 10/27/2023 7/28/2023 4/28/2023 1/27/2023 10/28/2022 7/29/2022
Net Income / (Loss) Attributable to Common Shareholders
299 299 248 291 313 233 149 245 65 750 214
Consolidated Net Income / (Loss)
299 299 248 291 313 233 149 245 65 750 214
Net Income / (Loss) Continuing Operations
299 299 248 291 313 233 149 245 65 750 214
Total Pre-Tax Income
370 360 299 380 382 315 186 314 177 305 270
Total Operating Income
362 345 282 366 366 304 178 309 172 282 255
Total Gross Profit
1,145 1,177 1,098 1,176 1,151 1,110 996 1,075 1,001 1,087 1,046
Total Revenue
1,641 1,658 1,541 1,668 1,606 1,562 1,432 1,581 1,526 1,663 1,592
Operating Revenue
1,641 1,658 1,541 1,668 1,606 1,562 1,432 1,581 1,526 1,663 1,592
Total Cost of Revenue
496 481 443 492 455 452 436 506 525 576 546
Operating Cost of Revenue
496 481 443 492 455 452 436 506 525 576 546
Total Operating Expenses
783 832 816 810 785 806 818 766 829 805 791
Selling, General & Admin Expense
74 77 75 78 81 75 74 67 59 67 72
Marketing Expense
451 485 471 460 439 461 468 442 450 479 458
Research & Development Expense
247 257 252 271 249 262 247 243 230 243 240
Restructuring Charge
11 13 18 1.00 16 8.00 29 14 90 16 21
Total Other Income / (Expense), net
8.00 15 17 14 16 11 8.00 5.00 5.00 23 15
Income Tax Expense
71 61 51 89 69 82 37 69 112 -445 56
Basic Earnings per Share
$1.47 $1.47 $1.20 $1.40 $1.52 $1.12 $0.70 $1.14 $0.30 $3.46 $0.97
Weighted Average Basic Shares Outstanding
204M 204M 206M 208M 206M 208M 212M 217M 216M 217M 220M
Diluted Earnings per Share
$1.44 $1.42 $1.17 $1.36 $1.48 $1.10 $0.69 $1.12 $0.30 $3.41 $0.96
Weighted Average Diluted Shares Outstanding
208M 210M 212M 213M 211M 211M 216M 220M 219M 220M 224M
Weighted Average Basic & Diluted Shares Outstanding
203.41M 203.31M 204.78M 205.80M 20.64M 206.03M 208.79M 212.43M 213.90M 215.57M 217.37M
Cash Dividends to Common per Share
$0.52 $0.52 $0.52 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50

Annual Cash Flow Statements for NetApp

This table details how cash moves in and out of NetApp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 4/26/2024 4/28/2023 4/29/2022 4/30/2021 4/24/2020 4/26/2019 4/27/2018 4/28/2017 4/29/2016 4/24/2015
Net Change in Cash & Equivalents
-413 -1,797 -416 -259 335 -586 497 -416 946 -369
Net Cash From Operating Activities
1,685 1,107 1,211 1,333 1,060 1,341 1,478 986 974 1,268
Net Cash From Continuing Operating Activities
1,685 1,107 1,211 1,333 1,060 1,341 1,478 986 974 1,268
Net Income / (Loss) Continuing Operations
986 1,274 937 730 819 1,169 116 481 229 560
Consolidated Net Income / (Loss)
986 1,274 937 730 819 1,169 116 481 229 560
Depreciation Expense
255 248 194 207 193 197 198 226 279 307
Non-Cash Adjustments To Reconcile Net Income
402 364 300 93 166 85 -57 185 209 204
Changes in Operating Assets and Liabilities, net
42 -779 -220 303 -118 -110 1,221 94 257 197
Net Cash From Investing Activities
-735 -1,390 -561 21 1,269 704 -21 -223 85 -903
Net Cash From Continuing Investing Activities
-735 -1,390 -561 21 1,269 704 -21 -223 85 -903
Purchase of Property, Plant & Equipment
-155 -239 -226 -162 -124 -173 -145 -175 -160 -175
Acquisitions
0.00 -491 -380 -350 -73 -3.00 -75 -8.00 -842 -85
Purchase of Investments
-2,635 -1,269 -18 -5.00 -13 -41 -1,389 -1,977 -1,589 -2,597
Sale and/or Maturity of Investments
2,055 550 63 165 1,383 917 1,379 1,934 2,571 1,952
Other Investing Activities, net
0.00 59 0.00 2.00 0.00 4.00 -1.00 3.00 3.00 2.00
Net Cash From Financing Activities
-1,344 -1,513 -1,017 444 -1,960 -2,631 -986 -1,179 -109 -675
Net Cash From Continuing Financing Activities
-1,344 -1,513 -1,017 -1,613 -1,960 -2,631 -986 -1,179 -109 -675
Repayment of Debt
-1.00 -255 -2.00 -1,117 -416 -142 -871 -857 -27 -9.00
Repurchase of Common Equity
-900 -850 -600 -125 -1,411 -2,111 -794 -705 -960 -1,165
Payment of Dividends
-416 -432 -446 -427 -439 -403 -214 -208 -210 -208
Issuance of Common Equity
100 108 105 98 102 121 173 140 120 157
Other Financing Activities, net
-127 -84 -74 -42 -79 -96 -75 -48 98 55
Effect of Exchange Rate Changes
-19 -1.00 -49 - -34 - 26 - -4.00 -

Quarterly Cash Flow Statements for NetApp

This table details how cash moves in and out of NetApp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 1/24/2025 10/25/2024 7/26/2024 4/26/2024 1/26/2024 10/27/2023 7/28/2023 4/28/2023 1/27/2023 10/28/2022 7/29/2022
Net Change in Cash & Equivalents
31 -172 -250 83 -115 -85 -296 -324 -30 -619 -824
Net Cash From Operating Activities
385 105 341 613 484 135 453 235 377 214 281
Net Cash From Continuing Operating Activities
385 105 341 613 484 135 453 235 377 214 281
Net Income / (Loss) Continuing Operations
299 299 248 291 313 233 149 245 65 750 214
Consolidated Net Income / (Loss)
299 299 248 291 313 233 149 245 65 750 214
Depreciation Expense
64 63 63 64 63 64 64 66 65 59 58
Non-Cash Adjustments To Reconcile Net Income
113 114 95 99 100 105 98 86 106 91 81
Changes in Operating Assets and Liabilities, net
-91 -371 -65 159 8.00 -267 142 -162 141 -686 -72
Net Cash From Investing Activities
-53 564 -51 -297 -437 227 -228 -285 -189 -288 -628
Net Cash From Continuing Investing Activities
-53 564 -51 -297 -437 227 -228 -285 -189 -288 -628
Purchase of Property, Plant & Equipment
-47 -45 -41 -46 -36 -38 -35 -39 -58 -77 -65
Purchase of Investments
-406 -402 -480 -972 -803 -289 -571 -507 -342 -287 -133
Sale and/or Maturity of Investments
399 1,009 470 721 402 553 379 262 210 76 2.00
Other Investing Activities, net
1.00 2.00 0.00 - - 1.00 -1.00 -1.00 1.00 - 59
Net Cash From Financing Activities
-289 -842 -548 -224 -178 -421 -521 -269 -265 -520 -459
Net Cash From Continuing Financing Activities
-289 -842 -548 -224 -178 -421 -521 -269 -265 -520 -459
Repurchase of Common Equity
-200 -300 -400 -100 -100 -300 -400 -150 -200 -150 -350
Payment of Dividends
-106 -106 -107 -104 -103 -103 -106 -106 -108 -108 -110
Issuance of Common Equity
53 - 55 - 48 - 52 - 54 - 54
Other Financing Activities, net
-36 -35 -97 -19 -23 -20 -65 -10 -11 -11 -52
Effect of Exchange Rate Changes
-12 1.00 8.00 -9.00 16 -26 0.00 3.00 39 -25 -18

Annual Balance Sheets for NetApp

This table presents NetApp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 4/26/2024 4/28/2023 4/29/2022 4/30/2021 4/24/2020 4/26/2019 4/27/2018 4/28/2017 4/29/2016 4/24/2015
Total Assets
9,887 9,818 10,026 9,360 7,522 8,741 9,991 9,493 10,037 9,401
Total Current Assets
4,897 4,680 5,945 6,001 4,274 5,610 6,952 6,198 6,448 6,773
Cash & Equivalents
1,903 2,316 4,112 4,529 2,658 2,325 2,941 2,444 2,868 1,922
Short-Term Investments
1,349 754 22 67 224 1,574 2,450 2,477 2,435 3,404
Accounts Receivable
1,007 987 1,230 945 973 1,216 1,047 731 813 779
Inventories, net
186 167 204 114 145 131 122 163 98 146
Other Current Assets
452 456 377 346 274 364 392 383 234 522
Plant, Property, & Equipment, net
604 650 602 525 727 759 756 799 937 1,030
Total Noncurrent Assets
4,386 4,488 3,479 2,834 2,521 2,372 2,283 2,496 2,652 1,598
Goodwill
2,759 2,759 2,346 2,039 1,778 1,735 1,739 1,684 1,676 1,027
Intangible Assets
124 181 142 101 44 47 94 131 180 90
Other Noncurrent Operating Assets
1,503 1,548 991 694 699 590 450 681 796 481
Total Liabilities & Shareholders' Equity
9,887 9,818 10,026 9,360 7,522 8,741 9,991 9,493 10,037 9,401
Total Liabilities
8,741 8,659 9,188 8,675 7,280 7,651 7,715 6,713 7,156 5,987
Total Current Liabilities
4,106 3,467 3,953 3,452 3,616 3,867 3,531 4,122 3,662 2,709
Short-Term Debt
400 0.00 250 0.00 522 649 385 1,249 849 0.00
Accounts Payable
517 392 607 420 426 542 609 347 254 284
Accrued Expenses
1,013 857 925 970 774 851 825 782 765 701
Current Deferred Revenue
2,176 2,218 2,171 2,062 1,894 1,825 1,712 1,744 1,794 1,724
Total Noncurrent Liabilities
4,635 5,192 5,235 5,223 3,664 3,784 4,184 2,591 3,494 3,278
Long-Term Debt
1,992 2,389 2,386 2,632 1,146 1,144 1,541 744 1,490 1,487
Noncurrent Deferred Revenue
2,058 2,095 2,061 1,941 1,804 1,843 1,651 1,598 1,591 1,473
Other Noncurrent Operating Liabilities
585 708 788 650 714 797 992 249 413 318
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,146 1,159 838 685 242 1,090 2,276 2,780 2,881 3,414
Total Preferred & Common Equity
1,146 1,159 838 685 242 1,090 2,276 2,780 2,881 3,414
Total Common Equity
1,146 1,159 838 685 242 1,090 2,276 2,780 2,881 3,414
Common Stock
997 945 760 504 284 1,133 2,355 2,769 2,912 3,385
Retained Earnings
208 265 122 211 0.00 0.00 -9.00 40 0.00 53
Accumulated Other Comprehensive Income / (Loss)
-59 -51 -44 -30 -42 -43 -70 -29 -31 -24

Quarterly Balance Sheets for NetApp

This table presents NetApp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 1/24/2025 10/25/2024 7/26/2024 4/26/2024 1/26/2024 10/27/2023 7/28/2023 4/28/2023 1/27/2023 10/28/2022 7/29/2022
Total Assets
8,989 9,004 9,311 9,887 9,369 9,073 9,270 9,818 9,710 9,780 9,544
Total Current Assets
3,908 3,939 4,321 4,897 4,327 3,993 4,160 4,680 4,540 4,603 4,922
Cash & Equivalents
1,511 1,478 1,652 1,903 1,820 1,934 2,020 2,316 2,640 2,669 3,288
Short-Term Investments
750 744 1,365 1,349 1,097 686 955 754 501 364 151
Accounts Receivable
898 873 679 1,007 787 787 653 987 821 910 865
Inventories, net
268 317 214 186 131 122 131 167 175 244 232
Other Current Assets
481 527 411 452 492 464 401 456 403 416 386
Plant, Property, & Equipment, net
567 593 594 604 607 623 641 650 667 661 622
Total Noncurrent Assets
4,514 4,472 4,396 4,386 4,435 4,457 4,469 4,488 4,503 4,516 4,000
Goodwill
2,723 2,759 2,759 2,759 2,759 2,759 2,759 2,759 2,767 2,767 2,767
Intangible Assets
49 96 110 124 138 152 166 181 198 215 232
Other Noncurrent Operating Assets
1,742 1,617 1,527 1,503 1,538 1,546 1,544 1,548 1,538 1,534 1,001
Total Liabilities & Shareholders' Equity
8,989 9,004 9,311 9,887 9,369 9,073 9,270 9,818 9,710 9,780 9,544
Total Liabilities
7,994 8,112 8,382 8,741 8,375 8,303 8,397 8,659 8,608 8,578 8,887
Total Current Liabilities
4,195 4,317 4,512 4,106 3,765 3,733 3,249 3,467 3,393 3,395 3,575
Short-Term Debt
750 749 1,149 400 400 400 0.00 0.00 0.00 0.00 250
Accounts Payable
434 554 437 517 396 411 344 392 432 584 515
Accrued Expenses
941 969 793 1,013 876 919 778 857 835 819 722
Current Deferred Revenue
2,070 2,045 2,133 2,176 2,093 2,003 2,127 2,218 2,126 1,992 2,088
Total Noncurrent Liabilities
3,799 3,795 3,870 4,635 4,610 4,570 5,148 5,192 5,215 5,183 5,312
Long-Term Debt
1,244 1,244 1,244 1,992 1,991 1,991 2,390 2,389 2,388 2,387 2,387
Noncurrent Deferred Revenue
2,052 2,055 2,036 2,058 2,034 1,999 2,055 2,095 2,090 2,059 2,082
Other Noncurrent Operating Liabilities
503 496 590 585 585 580 703 708 737 737 843
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
995 892 929 1,146 994 770 873 1,159 1,102 1,202 657
Total Preferred & Common Equity
995 892 929 1,146 994 770 873 1,159 1,102 1,202 657
Total Common Equity
995 892 929 1,146 994 770 873 1,159 1,102 1,202 657
Common Stock
1,060 947 988 997 934 825 921 945 889 765 705
Retained Earnings
0.00 0.00 0.00 208 115 0.00 0.00 265 268 499 0.00
Accumulated Other Comprehensive Income / (Loss)
-65 -55 -59 -59 -55 -55 -48 -51 -55 -62 -48

Annual Metrics And Ratios for NetApp

This table displays calculated financial ratios and metrics derived from NetApp's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 4/26/2024 4/28/2023 4/29/2022 4/30/2021 4/24/2020 4/26/2019 4/27/2018 4/28/2017 4/29/2016 4/24/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
-1.48% 0.70% 9.99% 6.13% -11.94% 3.84% 7.79% -0.99% -9.42% -3.19%
EBITDA Growth
16.03% -6.29% 15.57% 2.81% -22.39% 4.87% 64.94% 35.74% -38.82% -5.12%
EBIT Growth
19.25% -12.01% 20.27% 1.91% -25.55% 5.75% 93.08% 80.00% -51.61% -3.78%
NOPAT Growth
-22.10% 22.89% 26.55% -4.57% -27.17% 904.76% -76.71% 108.23% -58.92% -11.02%
Net Income Growth
-22.61% 35.97% 28.36% -10.87% -29.94% 907.76% -75.88% 110.04% -59.11% -12.23%
EPS Growth
-20.03% 41.56% 26.63% -8.24% -21.95% 973.81% -75.44% 122.08% -56.00% -4.37%
Operating Cash Flow Growth
52.21% -8.59% -9.15% 25.75% -20.95% -9.27% 49.90% 1.23% -23.19% -6.07%
Free Cash Flow Firm Growth
1,349.43% -78.81% -65.94% 40.41% -18.56% -17.38% 111.18% 591.85% -114.59% -13.16%
Invested Capital Growth
-40.17% 172.42% 48.40% -31.58% 4.33% 14.55% -703.38% -78.31% 80.47% -87.47%
Revenue Q/Q Growth
1.41% -1.53% 2.02% 2.75% -3.41% -0.84% 3.33% 1.35% -2.80% 293.56%
EBITDA Q/Q Growth
3.89% 2.51% -6.83% 19.04% -10.61% 3.97% 9.31% 16.51% -13.69% -6.39%
EBIT Q/Q Growth
4.93% 1.60% -8.10% 23.97% -12.43% 4.62% 11.53% 30.19% -23.16% -7.71%
NOPAT Q/Q Growth
4.31% -3.47% -6.62% 20.23% -16.44% 10.36% 1,056.75% 53.06% -37.35% -9.96%
Net Income Q/Q Growth
4.89% -1.09% -7.41% 23.31% -19.63% 9.97% 1,066.67% 54.66% -38.44% -10.04%
EPS Q/Q Growth
5.47% -0.17% -7.67% 23.28% -16.78% 11.36% 481.82% 56.88% -37.90% -7.41%
Operating Cash Flow Q/Q Growth
28.92% -13.72% -10.89% 15.21% -1.49% -6.62% 9.56% 2.07% -4.98% 13.57%
Free Cash Flow Firm Q/Q Growth
44.35% -65.41% -61.36% 98.88% 2.74% 10.52% -3.78% 1,220.23% -120.45% 6.21%
Invested Capital Q/Q Growth
-38.89% 36.96% 3.51% -63.14% -9.58% 8.72% 6.45% -142.62% 80.42% -70.14%
Profitability Metrics
- - - - - - - - - -
Gross Margin
70.72% 66.16% 66.79% 66.42% 66.94% 64.19% 62.66% 61.26% 60.82% 62.60%
EBITDA Margin
23.44% 19.90% 21.38% 20.35% 21.01% 23.84% 23.60% 15.43% 11.25% 16.66%
Operating Margin
19.37% 16.00% 18.31% 17.95% 17.46% 19.87% 19.56% 11.31% 6.27% 11.69%
EBIT Margin
19.37% 16.00% 18.31% 16.75% 17.44% 20.63% 20.26% 11.31% 6.22% 11.64%
Profit (Net Income) Margin
15.73% 20.03% 14.83% 12.71% 15.13% 19.02% 1.96% 8.76% 4.13% 9.15%
Tax Burden Percent
78.07% 119.51% 85.57% 75.88% 86.76% 92.19% 9.67% 77.46% 66.38% 78.54%
Interest Burden Percent
104.04% 104.72% 94.64% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
21.93% -19.51% 14.43% 24.12% 13.24% 7.81% 90.33% 22.54% 33.62% 21.46%
Return on Invested Capital (ROIC)
248.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
243.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
-162.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
85.55% 127.59% 123.05% 157.50% 122.97% 69.46% 4.59% 16.99% 7.28% 15.55%
Cash Return on Invested Capital (CROIC)
298.36% 16.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
12.32% 10.26% 11.94% 11.40% 11.61% 13.54% 12.31% 6.36% 3.55% 7.66%
Return on Assets (ROA)
10.01% 12.84% 9.67% 8.65% 10.07% 12.48% 1.19% 4.93% 2.36% 6.02%
Return on Common Equity (ROCE)
85.55% 127.59% 123.05% 157.50% 122.97% 69.46% 4.59% 16.99% 7.28% 15.55%
Return on Equity Simple (ROE_SIMPLE)
86.04% 109.92% 111.81% 106.57% 338.43% 107.25% 5.10% 17.30% 7.95% 16.40%
Net Operating Profit after Tax (NOPAT)
948 1,217 990 782 820 1,126 112 481 231 562
NOPAT Margin
15.12% 19.12% 15.67% 13.62% 15.15% 18.32% 1.89% 8.76% 4.17% 9.18%
Net Nonoperating Expense Percent (NNEP)
4.96% 5.27% -3.06% -3.30% -0.05% 1.56% 0.12% 0.00% -0.06% -0.06%
Cost of Revenue to Revenue
29.28% 33.84% 33.21% 33.58% 33.06% 35.81% 37.34% 38.74% 39.18% 37.40%
SG&A Expenses to Revenue
4.91% 4.17% 4.42% 4.47% 4.86% 4.52% 4.73% 4.94% 5.54% 4.64%
R&D to Revenue
16.42% 15.03% 13.94% 15.34% 15.65% 13.46% 13.23% 14.19% 15.52% 15.03%
Operating Expenses to Revenue
51.36% 50.16% 48.48% 48.47% 49.48% 44.32% 43.10% 49.95% 54.54% 50.91%
Earnings before Interest and Taxes (EBIT)
1,214 1,018 1,157 962 944 1,268 1,199 621 345 713
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,469 1,266 1,351 1,169 1,137 1,465 1,397 847 624 1,020
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.82 11.29 18.33 22.35 34.96 13.95 6.64 3.20 1.91 2.59
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 34.14 9.22 5.37 3.85
Price to Revenue (P/Rev)
0.33 2.06 2.43 2.67 1.56 2.47 2.56 1.62 0.99 1.44
Price to Earnings (P/E)
2.11 10.27 16.40 20.97 10.33 13.01 130.37 18.50 24.03 15.79
Dividend Yield
1.98% 3.27% 2.90% 2.79% 5.02% 2.60% 1.42% 2.31% 3.78% 2.33%
Earnings Yield
47.34% 9.74% 6.10% 4.77% 9.68% 7.69% 0.77% 5.41% 4.16% 6.33%
Enterprise Value to Invested Capital (EV/IC)
4.28 25.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.20 1.95 2.19 2.32 1.34 2.13 1.97 1.09 0.46 0.82
Enterprise Value to EBITDA (EV/EBITDA)
0.83 9.80 10.26 11.42 6.37 8.94 8.35 7.05 4.07 4.90
Enterprise Value to EBIT (EV/EBIT)
1.01 12.18 11.98 13.87 7.68 10.33 9.72 9.61 7.36 7.02
Enterprise Value to NOPAT (EV/NOPAT)
1.29 10.19 14.01 17.06 8.84 11.64 104.06 12.41 10.99 8.89
Enterprise Value to Operating Cash Flow (EV/OCF)
0.73 11.20 11.45 10.01 6.84 9.77 7.89 6.05 2.61 3.94
Enterprise Value to Free Cash Flow (EV/FCFF)
1.07 157.73 37.37 12.25 9.34 13.75 10.11 10.93 0.00 6.58
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
2.09 2.06 3.15 3.84 6.89 1.65 0.85 0.72 0.81 0.44
Long-Term Debt to Equity
1.74 2.06 2.85 3.84 4.74 1.05 0.68 0.27 0.52 0.44
Financial Leverage
-0.67 -1.09 -2.27 -3.43 -2.49 -1.66 -1.26 -1.04 -1.08 -1.09
Leverage Ratio
8.55 9.94 12.73 18.21 12.21 5.57 3.85 3.45 3.09 2.59
Compound Leverage Factor
8.89 10.41 12.05 18.21 12.21 5.57 3.85 3.45 3.09 2.59
Debt to Total Capital
67.61% 67.33% 75.88% 79.35% 87.33% 62.19% 45.84% 41.76% 44.81% 30.34%
Short-Term Debt to Total Capital
11.31% 0.00% 7.20% 0.00% 27.33% 22.51% 9.16% 26.17% 16.26% 0.00%
Long-Term Debt to Total Capital
56.30% 67.33% 68.68% 79.35% 60.00% 39.68% 36.67% 15.59% 28.54% 30.34%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
32.39% 32.67% 24.12% 20.65% 12.67% 37.81% 54.16% 58.24% 55.19% 69.66%
Debt to EBITDA
1.63 1.89 1.95 2.25 1.47 1.22 1.38 2.35 3.75 1.46
Net Debt to EBITDA
-0.59 -0.54 -1.11 -1.68 -1.07 -1.44 -2.48 -3.46 -4.75 -3.76
Long-Term Debt to EBITDA
1.36 1.89 1.77 2.25 1.01 0.78 1.10 0.88 2.39 1.46
Debt to NOPAT
2.52 1.96 2.66 3.36 2.03 1.59 17.19 4.14 10.13 2.64
Net Debt to NOPAT
-0.91 -0.56 -1.51 -2.51 -1.48 -1.87 -30.93 -6.09 -12.83 -6.83
Long-Term Debt to NOPAT
2.10 1.96 2.41 3.36 1.40 1.02 13.75 1.55 6.45 2.64
Altman Z-Score
1.31 2.08 2.27 2.37 1.94 2.61 2.57 1.86 1.46 2.31
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.19 1.35 1.50 1.74 1.18 1.45 1.97 1.50 1.76 2.50
Quick Ratio
1.04 1.17 1.36 1.61 1.07 1.32 1.82 1.37 1.67 2.25
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
1,140 79 371 1,089 776 953 1,153 546 -111 761
Operating Cash Flow to CapEx
1,087.10% 463.18% 535.84% 0.00% 3,785.71% 775.14% 0.00% 563.43% 1,679.31% 724.57%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.64 0.64 0.65 0.68 0.67 0.66 0.61 0.56 0.57 0.66
Accounts Receivable Turnover
6.29 5.74 5.81 5.99 4.94 5.43 6.66 7.11 6.97 7.49
Inventory Turnover
10.40 11.61 13.20 14.90 12.96 17.40 15.51 16.30 17.81 17.06
Fixed Asset Turnover
10.00 10.16 11.21 9.18 7.28 8.11 7.61 6.33 5.64 5.73
Accounts Payable Turnover
4.04 4.31 4.09 4.56 3.70 3.82 4.62 7.08 8.08 8.63
Days Sales Outstanding (DSO)
58.06 63.60 62.83 60.94 73.82 67.20 54.82 51.32 52.39 48.73
Days Inventory Outstanding (DIO)
35.11 31.45 27.66 24.50 28.16 20.98 23.54 22.39 20.49 21.39
Days Payable Outstanding (DPO)
90.40 84.68 89.34 80.04 98.75 95.44 78.95 51.57 45.18 42.32
Cash Conversion Cycle (CCC)
2.76 10.36 1.15 5.40 3.22 -7.26 -0.59 22.14 27.70 27.80
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
286 478 -660 -1,279 -972 -1,016 -1,189 -148 -83 -425
Invested Capital Turnover
16.41 -69.91 -6.52 -5.10 -5.44 -5.57 -8.85 -47.54 -21.83 -18.79
Increase / (Decrease) in Invested Capital
-192 1,138 619 -307 44 173 -1,041 -65 342 -198
Enterprise Value (EV)
1,223 12,403 13,866 13,345 7,247 13,097 11,658 5,968 2,539 5,002
Market Capitalization
2,083 13,084 15,364 15,309 8,461 15,203 15,123 8,896 5,503 8,841
Book Value per Share
$55.53 $5.42 $3.77 $3.08 $1.09 $4.41 $8.50 $10.26 $9.97 $10.95
Tangible Book Value per Share
($84.17) ($8.33) ($7.41) ($6.54) ($7.14) ($2.80) $1.65 $3.56 $3.55 $7.37
Total Capital
3,538 3,548 3,474 3,317 1,910 2,883 4,202 4,773 5,220 4,901
Total Debt
2,392 2,389 2,636 2,632 1,668 1,793 1,926 1,993 2,339 1,487
Total Long-Term Debt
1,992 2,389 2,386 2,632 1,146 1,144 1,541 744 1,490 1,487
Net Debt
-860 -681 -1,498 -1,964 -1,214 -2,106 -3,465 -2,928 -2,964 -3,839
Capital Expenditures (CapEx)
155 239 226 -209 28 173 -65 175 58 175
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-2,061 -1,857 -1,892 -2,047 -1,702 -1,507 -1,585 -1,596 -1,668 -1,262
Debt-free Net Working Capital (DFNWC)
1,191 1,213 2,242 2,549 1,180 2,392 3,806 3,325 3,635 4,064
Net Working Capital (NWC)
791 1,213 1,992 2,549 658 1,743 3,421 2,076 2,786 4,064
Net Nonoperating Expense (NNE)
-38 -57 53 52 0.87 -43 -3.97 0.00 1.99 2.36
Net Nonoperating Obligations (NNO)
-860 -681 -1,498 -1,964 -1,214 -2,106 -3,465 -2,928 -2,964 -3,839
Total Depreciation and Amortization (D&A)
255 248 194 207 193 197 198 226 279 307
Debt-free, Cash-free Net Working Capital to Revenue
-32.88% -29.19% -29.95% -35.64% -31.45% -24.52% -26.78% -29.07% -30.08% -20.61%
Debt-free Net Working Capital to Revenue
19.00% 19.07% 35.49% 44.38% 21.80% 38.92% 64.30% 60.55% 65.54% 66.37%
Net Working Capital to Revenue
12.62% 19.07% 31.53% 44.38% 12.16% 28.36% 57.80% 37.81% 50.23% 66.37%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$4.74 $5.87 $4.20 $3.29 $3.56 $4.60 $0.28 $1.85 $0.78 $1.77
Adjusted Weighted Average Basic Shares Outstanding
208M 217M 223M 222M 230M 254M 268M 275M 294M 315.50M
Adjusted Diluted Earnings per Share
$4.63 $5.79 $4.09 $3.23 $3.52 $4.51 $0.28 $1.81 $0.77 $1.75
Adjusted Weighted Average Diluted Shares Outstanding
213M 220M 229M 226M 233M 259M 276M 281M 297M 320.70M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $3.56 $4.60 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
205.80M 212.43M 221.19M 223.22M 221.82M 240.02M 263.48M 271.74M 280.08M 304.98M
Normalized Net Operating Profit after Tax (NOPAT)
990 811 1,029 826 838 1,158 811 514 274 562
Normalized NOPAT Margin
15.79% 12.75% 16.29% 14.39% 15.49% 18.84% 13.69% 9.35% 4.94% 9.18%
Pre Tax Income Margin
20.15% 16.76% 17.33% 16.75% 17.44% 20.63% 20.26% 11.31% 6.22% 11.64%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
42.19% 33.91% 47.60% 58.49% 53.60% 34.47% 184.48% 43.24% 91.70% 37.14%
Augmented Payout Ratio
133.47% 100.63% 111.63% 75.62% 225.89% 215.06% 868.97% 189.81% 510.92% 245.18%

Quarterly Metrics And Ratios for NetApp

This table displays calculated financial ratios and metrics derived from NetApp's official financial filings.

Metric Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 1/24/2025 10/25/2024 7/26/2024 4/26/2024 1/26/2024 10/27/2023 7/28/2023 4/28/2023 1/27/2023 10/28/2022 7/29/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
2.18% 6.15% 7.61% 5.50% 5.24% -6.07% -10.05% -5.89% -5.45% 6.19% 9.19%
EBITDA Growth
-0.70% 10.87% 42.56% 14.67% 77.27% 1.10% -26.22% 9.01% -32.21% 11.66% 15.90%
EBIT Growth
-1.09% 13.49% 58.43% 18.45% 106.78% -0.33% -34.07% 5.46% -42.16% 8.93% 13.92%
NOPAT Growth
-2.45% 27.43% 64.03% 16.25% 374.78% -67.57% -29.45% -13.58% -76.11% 194.83% -4.77%
Net Income Growth
-4.47% 28.33% 66.44% 18.78% 381.54% -68.93% -30.37% -5.41% -74.21% 234.82% 5.94%
EPS Growth
-2.70% 29.09% 69.57% 21.43% 393.33% -67.74% -28.13% -0.89% -72.73% 247.96% 9.09%
Operating Cash Flow Growth
-20.45% -22.22% -24.72% 160.85% 28.38% -36.92% 61.21% -42.82% 45.00% -28.19% 16.12%
Free Cash Flow Firm Growth
-82.01% -31.40% 174.69% 152.66% 118.65% 123.57% 65.71% -163.79% -690.09% -236.55% -221.47%
Invested Capital Growth
55.56% 22.55% 5.90% -40.17% 34.10% -2.70% 298.62% 172.42% 151.02% 148.14% 87.86%
Revenue Q/Q Growth
-1.03% 7.59% -7.61% 3.86% 2.82% 9.08% -9.42% 3.60% -8.24% 4.46% -5.24%
EBITDA Q/Q Growth
4.41% 18.26% -19.77% -3.37% 16.58% 52.07% -35.47% 54.96% -33.52% 10.98% -4.65%
EBIT Q/Q Growth
4.93% 22.34% -22.95% -4.19% 20.39% 70.79% -42.39% 74.58% -41.97% 12.96% -7.85%
NOPAT Q/Q Growth
2.09% 22.51% -16.55% -6.54% 33.37% 57.70% -40.86% 281.70% -90.89% 243.10% -27.56%
Net Income Q/Q Growth
0.00% 20.56% -14.78% -7.03% 34.33% 56.38% -39.18% 276.92% -91.33% 250.47% -17.37%
EPS Q/Q Growth
1.41% 21.37% -13.97% -8.11% 34.55% 59.42% -38.39% 273.33% -91.20% 255.21% -15.04%
Operating Cash Flow Q/Q Growth
266.67% -69.21% -44.37% 26.65% 258.52% -70.20% 92.77% -37.67% 76.17% -23.84% -31.63%
Free Cash Flow Firm Q/Q Growth
-80.23% -24.14% -54.07% 161.09% -24.59% 182.60% 67.62% 7.52% 4.69% -20.15% -149.08%
Invested Capital Q/Q Growth
9.80% 117.38% 6.64% -38.89% -13.49% 87.85% -39.75% 36.96% -37.23% 483.45% 78.03%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
69.77% 70.99% 71.25% 70.50% 71.67% 71.06% 69.55% 67.99% 65.60% 65.36% 65.70%
EBITDA Margin
25.96% 24.61% 22.39% 25.78% 26.71% 23.56% 16.90% 23.72% 15.86% 21.89% 20.60%
Operating Margin
22.06% 20.81% 18.30% 21.94% 22.79% 19.46% 12.43% 19.54% 11.27% 16.96% 16.02%
EBIT Margin
22.06% 20.81% 18.30% 21.94% 22.79% 19.46% 12.43% 19.54% 11.60% 18.34% 16.96%
Profit (Net Income) Margin
18.22% 18.03% 16.09% 17.45% 19.49% 14.92% 10.41% 15.50% 4.26% 45.10% 13.44%
Tax Burden Percent
80.81% 83.06% 82.94% 76.58% 81.94% 73.97% 80.11% 78.03% 36.72% 245.90% 79.26%
Interest Burden Percent
102.21% 104.35% 106.03% 103.83% 104.37% 103.62% 104.49% 101.62% 100.00% 100.00% 100.00%
Effective Tax Rate
19.19% 16.94% 17.06% 23.42% 18.06% 26.03% 19.89% 21.97% 63.28% -145.90% 20.74%
Return on Invested Capital (ROIC)
194.01% 185.83% 326.45% 275.71% 282.54% 160.13% 863.73% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
192.38% 180.39% 324.12% 274.32% 280.49% 158.27% 862.80% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
-76.70% -49.71% -217.46% -183.40% -171.16% -70.22% -782.16% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
117.31% 136.12% 108.99% 92.32% 111.38% 89.90% 81.57% 127.59% 129.84% 150.43% 137.84%
Cash Return on Invested Capital (CROIC)
139.37% 162.59% 344.78% 298.36% 193.29% 125.21% 251.92% 16.45% 65.14% -42.91% 0.00%
Operating Return on Assets (OROA)
15.64% 14.90% 12.56% 13.96% 14.77% 12.60% 8.20% 12.53% 7.80% 12.64% 11.70%
Return on Assets (ROA)
12.92% 12.92% 11.05% 11.10% 12.63% 9.65% 6.86% 9.94% 2.87% 31.09% 9.28%
Return on Common Equity (ROCE)
117.31% 136.12% 108.99% 92.32% 111.38% 89.90% 81.57% 127.59% 129.84% 150.43% 137.84%
Return on Equity Simple (ROE_SIMPLE)
114.27% 129.04% 116.79% 0.00% 94.57% 89.87% 138.49% 0.00% 116.88% 122.71% 144.44%
Net Operating Profit after Tax (NOPAT)
293 287 234 280 300 225 143 241 63 693 202
NOPAT Margin
17.83% 17.28% 15.18% 16.80% 18.67% 14.40% 9.96% 15.25% 4.14% 41.70% 12.70%
Net Nonoperating Expense Percent (NNEP)
1.63% 5.44% 2.33% 1.39% 2.05% 1.86% 0.92% 0.36% 0.16% 4.42% 0.88%
Return On Investment Capital (ROIC_SIMPLE)
9.79% - - - 8.86% - - - - - -
Cost of Revenue to Revenue
30.23% 29.01% 28.75% 29.50% 28.33% 28.94% 30.45% 32.01% 34.40% 34.64% 34.30%
SG&A Expenses to Revenue
4.51% 4.64% 4.87% 4.68% 5.04% 4.80% 5.17% 4.24% 3.87% 4.03% 4.52%
R&D to Revenue
15.05% 15.50% 16.35% 16.25% 15.50% 16.77% 17.25% 15.37% 15.07% 14.61% 15.08%
Operating Expenses to Revenue
47.71% 50.18% 52.95% 48.56% 48.88% 51.60% 57.12% 48.45% 54.33% 48.41% 49.69%
Earnings before Interest and Taxes (EBIT)
362 345 282 366 366 304 178 309 177 305 270
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
426 408 345 430 429 368 242 375 242 364 328
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
25.75 27.41 27.95 1.82 17.94 19.11 18.40 11.29 12.37 12.01 22.81
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
3.94 3.78 4.07 0.33 2.88 2.41 2.59 2.06 2.11 2.20 2.32
Price to Earnings (P/E)
22.53 21.25 23.93 2.11 18.97 21.26 13.29 10.27 10.58 9.79 15.79
Dividend Yield
1.63% 1.71% 1.60% 1.98% 2.31% 2.84% 2.64% 3.27% 3.16% 3.01% 2.95%
Earnings Yield
4.44% 4.71% 4.18% 47.34% 5.27% 4.70% 7.53% 9.74% 9.45% 10.22% 6.33%
Enterprise Value to Invested Capital (EV/IC)
34.82 36.54 83.08 4.28 36.97 26.78 53.75 25.95 36.91 24.81 0.00
Enterprise Value to Revenue (EV/Rev)
3.90 3.74 3.97 0.20 2.80 2.37 2.50 1.95 1.99 2.11 2.20
Enterprise Value to EBITDA (EV/EBITDA)
15.75 15.03 16.12 0.83 12.24 11.85 12.95 9.80 10.43 10.07 10.36
Enterprise Value to EBIT (EV/EBIT)
18.71 17.82 19.22 1.01 14.96 15.04 16.45 12.18 12.85 11.98 12.20
Enterprise Value to NOPAT (EV/NOPAT)
23.18 22.01 24.38 1.29 19.04 21.56 13.36 10.19 10.22 9.37 14.50
Enterprise Value to Operating Cash Flow (EV/OCF)
17.56 15.70 16.11 0.73 13.24 12.07 12.10 11.20 10.04 11.83 11.35
Enterprise Value to Free Cash Flow (EV/FCFF)
30.42 24.75 24.79 1.07 21.91 21.09 21.34 157.73 56.66 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
2.00 2.23 2.58 2.09 2.41 3.11 2.74 2.06 2.17 1.99 4.01
Long-Term Debt to Equity
1.25 1.39 1.34 1.74 2.00 2.59 2.74 2.06 2.17 1.99 3.63
Financial Leverage
-0.40 -0.28 -0.67 -0.67 -0.61 -0.44 -0.91 -1.09 -1.17 -1.31 -1.97
Leverage Ratio
9.23 10.88 10.31 8.55 9.10 9.56 12.30 9.94 9.68 9.69 13.58
Compound Leverage Factor
9.43 11.35 10.93 8.88 9.50 9.91 12.85 10.10 9.68 9.69 13.58
Debt to Total Capital
66.71% 69.08% 72.03% 67.61% 70.64% 75.64% 73.25% 67.33% 68.42% 66.51% 80.05%
Short-Term Debt to Total Capital
25.09% 25.96% 34.59% 11.31% 11.82% 12.65% 0.00% 0.00% 0.00% 0.00% 7.59%
Long-Term Debt to Total Capital
41.62% 43.12% 37.45% 56.30% 58.82% 62.99% 73.25% 67.33% 68.42% 66.51% 72.47%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
33.29% 30.92% 27.97% 32.39% 29.36% 24.36% 26.75% 32.67% 31.58% 33.49% 19.95%
Debt to EBITDA
1.24 1.24 1.52 1.63 1.69 1.96 2.00 1.89 1.93 1.74 1.93
Net Debt to EBITDA
-0.17 -0.14 -0.40 -0.59 -0.37 -0.19 -0.49 -0.54 -0.61 -0.47 -0.59
Long-Term Debt to EBITDA
0.77 0.77 0.79 1.36 1.41 1.63 2.00 1.89 1.93 1.74 1.74
Debt to NOPAT
1.82 1.81 2.30 2.52 2.63 3.56 2.06 1.96 1.89 1.62 2.70
Net Debt to NOPAT
-0.24 -0.21 -0.60 -0.91 -0.58 -0.34 -0.51 -0.56 -0.60 -0.44 -0.82
Long-Term Debt to NOPAT
1.14 1.13 1.20 2.10 2.19 2.96 2.06 1.96 1.89 1.62 2.44
Altman Z-Score
2.74 2.60 2.62 1.02 2.16 1.88 2.00 1.84 1.86 2.00 1.95
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.93 0.91 0.96 1.19 1.15 1.07 1.28 1.35 1.34 1.36 1.38
Quick Ratio
0.75 0.72 0.82 1.04 0.98 0.91 1.12 1.17 1.17 1.16 1.20
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
33 165 217 472 181 240 -290 -897 -970 -1,018 -847
Operating Cash Flow to CapEx
819.15% 233.33% 831.71% 1,332.61% 1,344.44% 355.26% 1,294.29% 602.56% 650.00% 277.92% 432.31%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.71 0.72 0.69 0.64 0.65 0.65 0.66 0.64 0.67 0.69 0.69
Accounts Receivable Turnover
7.72 7.80 9.58 6.29 7.69 7.19 8.17 5.74 7.98 8.41 8.49
Inventory Turnover
9.58 8.52 10.68 10.40 12.09 10.49 11.26 11.61 13.09 11.30 12.85
Fixed Asset Turnover
11.09 10.65 10.33 10.00 9.70 9.50 9.82 10.16 10.40 10.82 11.17
Accounts Payable Turnover
4.61 3.88 4.72 4.04 4.47 3.86 4.76 4.31 5.18 4.44 4.95
Days Sales Outstanding (DSO)
47.25 46.80 38.12 58.06 47.48 50.76 44.67 63.60 45.76 43.39 42.99
Days Inventory Outstanding (DIO)
38.08 42.82 34.18 35.11 30.20 34.81 32.43 31.45 27.89 32.31 28.40
Days Payable Outstanding (DPO)
79.22 94.13 77.38 90.40 81.73 94.63 76.73 84.68 70.46 82.26 73.75
Cash Conversion Cycle (CCC)
6.11 -4.50 -5.08 2.76 -4.04 -9.06 0.36 10.36 3.19 -6.57 -2.36
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
728 663 305 286 468 541 288 478 349 556 -145
Invested Capital Turnover
10.88 10.75 21.51 16.41 15.13 11.12 86.74 -69.91 -38.57 -21.87 -9.64
Increase / (Decrease) in Invested Capital
260 122 17 -192 119 -15 433 1,138 1,033 1,711 1,049
Enterprise Value (EV)
25,350 24,224 25,338 1,223 17,303 14,486 15,479 12,403 12,880 13,793 14,187
Market Capitalization
25,617 24,453 25,962 2,083 17,829 14,715 16,064 13,084 13,633 14,439 14,989
Book Value per Share
$4.89 $4.36 $4.51 $55.53 $4.82 $3.69 $4.11 $5.42 $5.11 $5.53 $2.97
Tangible Book Value per Share
($8.74) ($9.59) ($9.43) ($84.17) ($9.24) ($10.25) ($9.66) ($8.33) ($8.64) ($8.19) ($10.59)
Total Capital
2,989 2,885 3,322 3,538 3,385 3,161 3,263 3,548 3,490 3,589 3,294
Total Debt
1,994 1,993 2,393 2,392 2,391 2,391 2,390 2,389 2,388 2,387 2,637
Total Long-Term Debt
1,244 1,244 1,244 1,992 1,991 1,991 2,390 2,389 2,388 2,387 2,387
Net Debt
-267 -229 -624 -860 -526 -229 -585 -681 -753 -646 -802
Capital Expenditures (CapEx)
47 45 41 46 36 38 35 39 58 77 65
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,798 -1,851 -2,059 -2,061 -1,955 -1,960 -2,064 -1,857 -1,994 -1,825 -1,842
Debt-free Net Working Capital (DFNWC)
463 371 958 1,191 962 660 911 1,213 1,147 1,208 1,597
Net Working Capital (NWC)
-287 -378 -191 791 562 260 911 1,213 1,147 1,208 1,347
Net Nonoperating Expense (NNE)
-6.46 -12 -14 -11 -13 -8.14 -6.41 -3.90 -1.84 -57 -12
Net Nonoperating Obligations (NNO)
-267 -229 -624 -860 -526 -229 -585 -681 -753 -646 -802
Total Depreciation and Amortization (D&A)
64 63 63 64 63 64 64 66 65 59 58
Debt-free, Cash-free Net Working Capital to Revenue
-27.63% -28.60% -32.29% -32.88% -31.63% -32.13% -33.28% -29.19% -30.86% -27.87% -28.55%
Debt-free Net Working Capital to Revenue
7.11% 5.73% 15.02% 19.00% 15.56% 10.82% 14.69% 19.07% 17.75% 18.45% 24.75%
Net Working Capital to Revenue
-4.41% -5.84% -3.00% 12.62% 9.09% 4.26% 14.69% 19.07% 17.75% 18.45% 20.88%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.47 $1.47 $1.20 $1.40 $1.52 $1.12 $0.70 $1.14 $0.30 $3.46 $0.97
Adjusted Weighted Average Basic Shares Outstanding
204M 204M 206M 208M 206M 208M 212M 217M 216M 217M 220M
Adjusted Diluted Earnings per Share
$1.44 $1.42 $1.17 $1.36 $1.48 $1.10 $0.69 $1.12 $0.30 $3.41 $0.96
Adjusted Weighted Average Diluted Shares Outstanding
208M 210M 212M 213M 211M 211M 216M 220M 219M 220M 224M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
203.41M 203.31M 204.78M 205.80M 20.64M 206.03M 208.79M 212.43M 213.90M 215.57M 217.37M
Normalized Net Operating Profit after Tax (NOPAT)
301 297 249 281 313 231 166 252 183 209 219
Normalized NOPAT Margin
18.37% 17.93% 16.15% 16.85% 19.49% 14.77% 11.58% 15.94% 12.02% 12.54% 13.74%
Pre Tax Income Margin
22.55% 21.71% 19.40% 22.78% 23.79% 20.17% 12.99% 19.86% 11.60% 18.34% 16.96%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
37.20% 36.49% 38.43% 42.19% 44.47% 61.13% 35.40% 33.91% 33.93% 29.83% 46.79%
Augmented Payout Ratio
125.15% 114.68% 121.38% 133.47% 145.53% 212.86% 109.84% 100.63% 107.69% 89.15% 136.35%

Frequently Asked Questions About NetApp's Financials

When does NetApp's financial year end?

According to the most recent income statement we have on file, NetApp's fiscal year ends in April. Their fiscal year 2024 ended on April 26, 2024.

How has NetApp's net income changed over the last 9 years?

NetApp's net income appears to be on an upward trend, with a most recent value of $986 million in 2024, rising from $560 million in 2015. The previous period was $1.27 billion in 2023. Check out NetApp's forecast to explore projected trends and price targets.

What is NetApp's operating income?
NetApp's total operating income in 2024 was $1.21 billion, based on the following breakdown:
  • Total Gross Profit: $4.43 billion
  • Total Operating Expenses: $3.22 billion
How has NetApp revenue changed over the last 9 years?

Over the last 9 years, NetApp's total revenue changed from $6.12 billion in 2015 to $6.27 billion in 2024, a change of 2.4%.

How much debt does NetApp have?

NetApp's total liabilities were at $8.74 billion at the end of 2024, a 0.9% increase from 2023, and a 46.0% increase since 2015.

How much cash does NetApp have?

In the past 9 years, NetApp's cash and equivalents has ranged from $1.90 billion in 2024 to $4.53 billion in 2021, and is currently $1.90 billion as of their latest financial filing in 2024.

How has NetApp's book value per share changed over the last 9 years?

Over the last 9 years, NetApp's book value per share changed from 10.95 in 2015 to 55.53 in 2024, a change of 407.1%.



This page (NASDAQ:NTAP) was last updated on 5/29/2025 by MarketBeat.com Staff
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