NetApp

Information Technology Technology Hardware, Storage & Peripherals San Jose, California Last filing Jun 5, 2026 · FY2026

                    Revenue
                    FY2026
                
$6.9B
                    3y CAGR +2.9%
                    
                    P20
                    
                    +5.4%
                    
                    Net income
                    FY2026
                
$1.3B
                    Net margin +18.4%
                    
                    P53
                    
                    +7.6%
                    
                    Total assets
                    FY2026
                
$10.7B
                    ROA +11.9%
                    
                    P67
                    
                    -0.7%
                    
                    Operating cash flow
                    FY2026
                
$2.1B
                    FCF margin +27.0%
                    
                    P53
                    
                    +37.3%

18 yrs · FY2009–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 3 years

Total assets $10.7B

Total liabilities $9.4B

Shareholders equity $1.4B

Account	2026	2025	2024
Assets
Cash and Cash Equivalents	19.3%	25.3%	19.2%
Short Term Investments	14.1%	10.2%	13.6%
Accounts Receivable	12.0%	11.5%	10.2%
Inventory	1.8%	1.7%	1.9%
Other Current Assets	6.6%	5.3%	4.6%
Total Current Assets	53.8%	54.1%	49.5%
Property,Plant and Equipment	5.5%	5.2%	6.1%
Goodwill	25.8%	25.2%	27.9%
Intangible Assets	0.2%	0.4%	1.3%
Other Noncurrent Assets	14.7%	15.2%	15.2%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	5.1%	4.7%	5.2%
Accrued Liabilities	10.7%	10.4%	10.2%
Deferred Revenue	21.6%	21.1%	22.0%
Current Portion of Long Term Debt	0.0%	6.9%	4.0%
Total Current Liabilities	37.4%	43.1%	41.5%
Long Term Debt	23.1%	23.0%	20.1%
Deferred Revenue Noncurrent	23.5%	20.9%	20.8%
Other Noncurrent Liabilities	3.4%	3.5%	5.9%
Total Liabilities	87.4%	90.4%	88.4%
Equity
Preferred Stock	0.0%	0.0%	—
Common Stock	11.3%	10.2%	10.1%
Retained Earnings	1.4%	0.0%	2.1%
Accumulated Other Comprehensive Income	-0.1%	-0.6%	-0.6%
Total Stockholders Equity	12.6%	9.6%	11.6%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $6.9B

Operating income $1.7B

Net income $1.3B

Account	2026	2025	2024
IncomeStatement
Revenues Total Revenue	64.5%	60.7%	63.4%
Expenses Cost of Revenue	18.9%	18.1%	18.6%
Other Income Expense Gross Profit	45.6%	42.6%	44.8%
Expenses Research and Development	9.2%	9.4%	10.4%
Expenses Selling,General and Administrative	20.6%	20.1%	21.6%
Expenses Restructuring and Asset Impairment	0.2%	0.8%	0.4%
Expenses Other Operating Expenses	0.0%	0.0%	0.1%
Expenses Operating Expenses	30.0%	30.3%	32.6%
Other Income Expense Operating Income	15.6%	12.4%	12.3%
Other Income Expense Other Income/expense	-0.2%	0.4%	0.5%
Other Income Expense Income Before Tax	15.3%	12.8%	12.8%
Income Tax Income Tax Expense	3.5%	1.8%	2.8%
net Income net Income	11.9%	11.0%	10.0%
net Income Comprehensive Income	12.4%	10.9%	9.9%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	1.9%	1.9%	2.2%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 3 years

Operating cash flow $2.1B

Investing cash flow $-595.0M

Financing cash flow $-2.1B

Account	2026	2025	2024
CashFlow
Operating Activities net Income	11.9%	11.0%	10.0%
Operating Activities Depreciation and Amortization	1.9%	2.2%	2.6%
Operating Activities Stock Based Compensation	3.6%	3.6%	3.6%
Operating Activities Deferred Income Taxes	1.3%	-0.9%	0.5%
Operating Activities Changes In Operating Assets and Liabilities	-0.2%	-2.3%	0.0%
Operating Activities Other Non Cash Items	0.9%	0.4%	0.3%
Operating Activities net Cash From Operating Activities	19.2%	13.9%	17.0%
Investing Activities Capital Expenditures	-1.8%	-1.6%	-1.6%
Investing Activities Purchases of Investments	-25.7%	-16.5%	-26.7%
Investing Activities Proceeds From Sale of Investments	21.8%	18.7%	20.8%
Investing Activities Other Investing Activities	0.1%	0.6%	0.0%
Investing Activities net Cash From Investing Activities	-5.5%	1.4%	-7.4%
Financing Activities Proceeds From Debt	0.0%	11.5%	0.0%
Financing Activities Repayment of Debt	-7.0%	-3.7%	0.0%
Financing Activities Repurchase of Common Stock	-8.8%	-10.6%	-9.1%
Financing Activities Dividends Paid	-3.8%	-3.9%	-4.2%
Financing Activities Proceeds From Stock Issuance	1.0%	1.0%	1.0%
Financing Activities Tax Withholding On Stock Based Compensation	-1.3%	-1.8%	-1.3%
Financing Activities Other Financing Activities	0.0%	-0.0%	-0.0%
Financing Activities net Cash From Financing Activities	-20.0%	-7.7%	-13.6%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	0.1%	-0.2%
Cash Reconciliation net Change In Cash	-6.3%	7.8%	-4.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2026	2025	2024
Profitability
Gross margin	+70.7%	+70.2%	+70.7%
Operating margin	+24.2%	+20.3%	+19.4%
Net margin	+18.4%	+18.0%	+15.7%
FCF margin	+27.0%	+20.4%	+24.4%
Growth
Revenue CAGR (3y)	+2.9%	+1.3%	+3.0%
Returns
ROE	+94.4%	+114.0%	+86.0%
ROA	+11.9%	+11.0%	+10.0%
ROIC	+73.3%	+74.8%	+58.0%
Liquidity
Current ratio	1.44x	1.26x	1.19x
Quick ratio	0.83x	0.86x	0.71x
Leverage
D/E	6.95x	9.41x	7.63x
Interest coverage	—	—	—
Efficiency
Asset turnover	0.64x	0.61x	0.63x
Cash conversion cycle	+4d	+9d	-7d

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NetApp

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