NetApp

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

                    Revenue
                    FY2026
                
$6.2B
                    3y CAGR -0.2%
                    
                    P30
                    
                    +5.6%
                    
                    Net income
                    FY2026
                
$1.3B
                    Net margin +20.5%
                    
                    P82
                    
                    +7.6%
                    
                    Total assets
                    FY2025
                
$10.8B
                    
                    +9.5%
                    
                    Operating cash flow
                    FY2026
                
$2.1B
                    FCF margin +30.0%
                    
                    P70
                    
                    +37.3%

19 yrs · FY2008–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

14 accounts · 5 years

Total assets $10.8B

Total liabilities $9.8B

Shareholders equity $1.0B

Account	2026	2025	2024	2023	2022
Assets
Cash and Cash Equivalents	—	25.3%	19.2%	19.2%	23.6%
Short Term Investments	—	10.2%	13.6%	25.9%	16.7%
Accounts Receivable	—	11.5%	10.2%	10.2%	10.1%
Inventory	—	1.7%	1.9%	1.9%	1.7%
Property,Plant and Equipment	—	5.2%	6.1%	6.1%	6.6%
Goodwill	—	25.2%	27.9%	27.9%	28.1%
Intangible Assets	—	0.4%	1.3%	1.3%	1.8%
Liabilities
Accrued Liabilities	—	10.4%	10.2%	10.2%	8.7%
Deferred Tax Liabilities	—	1.1%	1.1%	1.1%	1.2%
Equity
Preferred Stock	—	0.0%	0.1%	0.1%	0.0%
Common Stock	—	10.2%	10.1%	10.1%	9.6%
Additional Paid In Capital	—	3.6%	3.6%	3.6%	3.2%
Treasury Stock	—	0.0%	0.0%	—	—
Accumulated Other Comprehensive Income	—	-0.6%	-0.6%	-0.6%	-0.5%

Income Statement

Revenue, expense, and profitability

21 accounts · 5 years

Revenue $6.2B

Operating income $1.7B

Net income $1.3B

Account	2026	2025	2024	2023	2022
IncomeStatement
Revenues Total Revenue	—	54.6%	57.2%	63.4%	64.8%
Expenses Cost of Revenue	—	18.1%	18.6%	18.6%	21.9%
Expenses Research and Development	—	9.4%	10.4%	10.4%	9.7%
Expenses Selling,General and Administrative	—	2.9%	3.1%	—	—
Expenses Depreciation and Amortization	—	1.8%	2.0%	2.0%	1.8%
Expenses Share Based Compensation	—	3.6%	3.6%	—	—
Expenses Restructuring and Asset Impairment	—	0.8%	0.4%	0.4%	1.2%
Expenses Operating Expenses	—	30.3%	32.6%	32.6%	32.5%
Other Income Expense Gross Profit	—	42.6%	44.8%	44.8%	42.9%
Other Income Expense Operating Income	—	12.4%	12.3%	12.3%	10.4%
Other Income Expense Interest Income	—	1.0%	1.1%	1.1%	0.7%
Other Income Expense Interest Expense	—	0.6%	0.6%	0.6%	0.7%
Other Income Expense Other Income/expense	—	-0.0%	0.0%	0.0%	0.5%
Other Income Expense Income Before Tax	—	12.8%	12.8%	12.8%	10.9%
Income Tax Income Tax Expense	—	1.8%	2.8%	2.8%	-2.1%
net Income net Income	—	11.0%	10.0%	10.0%	13.0%
net Income Comprehensive Income	—	10.9%	9.9%	9.9%	12.9%
Earnings Per Share Basic Eps	—	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	—	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	—	1.9%	2.1%	2.1%	2.2%
Earnings Per Share Weighted Average Shares Diluted	—	1.9%	2.2%	2.2%	2.2%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 5 years

Operating cash flow $2.1B

Investing cash flow $-595.0M

Financing cash flow $-2.1B

Account	2026	2025	2024	2023	2022
CashFlow
Operating Activities net Income	—	11.0%	10.0%	10.0%	13.0%
Operating Activities Depreciation and Amortization	—	1.8%	2.0%	2.0%	1.8%
Operating Activities Stock Based Compensation	—	3.6%	3.6%	3.6%	3.2%
Operating Activities Deferred Income Taxes	—	-0.9%	0.5%	0.5%	-6.2%
Operating Activities Changes In Operating Assets and Liabilities	—	4.5%	1.5%	1.8%	-7.0%
Operating Activities Other Non Cash Items	—	0.0%	-0.1%	—	—
Operating Activities net Cash From Operating Activities	—	13.9%	17.0%	17.0%	11.3%
Investing Activities Capital Expenditures	—	1.6%	1.6%	1.6%	2.4%
Investing Activities Purchases of Investments	—	16.5%	26.7%	26.7%	12.9%
Investing Activities Other Investing Activities	—	-0.6%	0.0%	0.0%	-0.6%
Investing Activities net Cash From Investing Activities	—	1.4%	-7.4%	-7.4%	-14.2%
Financing Activities Proceeds From Debt	—	11.5%	0.0%	—	—
Financing Activities Repayment of Debt	—	3.7%	0.0%	0.0%	2.5%
Financing Activities Repurchase of Common Stock	—	10.6%	9.1%	9.1%	8.7%
Financing Activities Dividends Paid	—	3.9%	4.2%	4.2%	4.4%
Financing Activities Proceeds From Stock Issuance	—	1.0%	0.0%	0.0%	0.0%
Financing Activities Tax Withholding On Stock Based Compensation	—	1.8%	1.3%	1.3%	0.9%
Financing Activities net Cash From Financing Activities	—	-7.7%	-13.6%	-13.6%	-15.4%
Cash Reconciliation Effect of Exchange Rate On Cash	—	0.1%	-0.2%	—	—
Cash Reconciliation net Change In Cash	—	7.8%	-4.2%	-4.2%	-18.3%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2026	2025	2024	2023	2022
Profitability
Gross margin	+67.5%	+66.8%	+67.6%	+70.7%	+66.2%
Operating margin	+26.8%	+22.6%	+21.5%	+19.4%	+16.0%
Net margin	+20.5%	+20.1%	+17.4%	+15.7%	+20.0%
FCF margin	+30.0%	+22.7%	+27.0%	+24.4%	+13.6%
Growth
Revenue CAGR (3y)	-0.2%	-2.4%	-3.6%	+3.0%	+5.5%
Returns
ROE	—	+114.0%	+86.0%	+86.0%	+109.9%
ROA	—	+11.0%	+10.0%	+10.0%	+13.0%
ROIC	—	+74.8%	+58.0%	+58.0%	+82.6%
Liquidity
Current ratio	—	1.26x	1.19x	1.19x	1.35x
Quick ratio	—	0.86x	0.71x	0.71x	0.95x
Leverage
D/E	—	9.41x	7.63x	7.63x	7.47x
Interest coverage	15.36x	20.89x	18.97x	18.97x	15.19x
Efficiency
Asset turnover	—	0.55x	0.57x	0.63x	0.65x
Cash conversion cycle	—	+16d	-1d	-7d	+18d

Valuation

Price against fundamentals

FY2026 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

NetApp

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history