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 revenue.

Balance Sheet

Assets, liabilities, and equity

14 accounts · 10 years

Total assets $10.8B

Total liabilities $9.8B

Shareholders equity $1.0B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash and Cash Equivalents	0.0%	46.4%	33.6%	30.4%	36.4%	65.1%	78.8%	49.1%	37.8%	49.7%
Short Term Investments	0.0%	18.7%	23.8%	40.8%	25.8%	36.3%	2.9%	7.7%	28.0%	45.0%
Accounts Receivable	0.0%	21.1%	17.8%	16.1%	15.5%	19.5%	16.5%	18.0%	19.8%	17.7%
Inventory	0.0%	3.1%	3.3%	3.0%	2.6%	3.2%	2.0%	2.7%	2.1%	2.1%
Property,Plant and Equipment	0.0%	9.5%	10.7%	9.6%	10.2%	9.5%	9.1%	13.4%	12.3%	12.8%
Goodwill	0.8%	46.1%	48.8%	44.0%	43.4%	37.1%	35.5%	32.9%	28.2%	29.4%
Intangible Assets	0.0%	0.7%	2.2%	2.0%	2.8%	2.2%	1.8%	0.8%	0.8%	1.6%
Liabilities
Accrued Liabilities	0.0%	19.0%	17.9%	16.2%	13.5%	14.6%	16.9%	14.3%	13.8%	13.9%
Deferred Tax Liabilities	0.0%	2.0%	1.9%	1.7%	1.9%	1.5%	1.4%	1.7%	1.2%	1.1%
Equity
Preferred Stock	0.0%	0.1%	0.1%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	18.7%	17.6%	15.9%	14.9%	12.0%	8.8%	5.2%	18.4%	39.8%
Additional Paid In Capital	6.1%	6.5%	6.2%	5.6%	4.9%	3.9%	3.4%	2.8%	2.6%	2.7%
Treasury Stock	0.0%	0.0%	0.0%	—	—	—	—	—	—	—
Accumulated Other Comprehensive Income	0.0%	-1.1%	-1.0%	-0.9%	-0.8%	-0.7%	-0.5%	-0.8%	-0.7%	-1.2%

Income Statement

Revenue, expense, and profitability

21 accounts · 10 years

Revenue $6.2B

Operating income $1.7B

Net income $1.3B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	32.5%	33.2%	32.4%	29.3%	33.8%	33.2%	33.6%	33.1%	35.8%	37.3%
Expenses Research and Development	15.9%	17.1%	18.2%	16.4%	15.0%	13.9%	15.3%	15.7%	13.5%	13.2%
Expenses Selling,General and Administrative	5.5%	5.3%	5.4%	—	—	—	—	—	—	—
Expenses Depreciation and Amortization	2.9%	3.3%	3.5%	3.2%	2.8%	2.3%	2.8%	2.8%	2.4%	2.4%
Expenses Share Based Compensation	6.1%	6.5%	6.3%	—	—	—	—	—	—	—
Expenses Restructuring and Asset Impairment	0.3%	1.4%	0.8%	0.7%	1.9%	0.5%	0.7%	0.4%	0.6%	0.0%
Expenses Operating Expenses	51.7%	55.5%	56.9%	51.4%	50.2%	48.5%	48.5%	49.5%	44.3%	43.1%
Other Income Expense Gross Profit	78.5%	78.1%	78.4%	70.7%	66.2%	66.8%	66.4%	66.9%	64.2%	62.7%
Other Income Expense Operating Income	26.8%	22.6%	21.5%	19.4%	16.0%	18.3%	17.9%	17.5%	19.9%	19.6%
Other Income Expense Interest Income	1.8%	1.9%	2.0%	1.8%	1.1%	0.1%	0.2%	0.9%	1.4%	1.3%
Other Income Expense Interest Expense	1.7%	1.1%	1.1%	1.0%	1.1%	1.2%	1.3%	1.0%	0.9%	1.0%
Other Income Expense Other Income/expense	-0.5%	-0.0%	0.0%	0.0%	0.7%	0.1%	-0.1%	0.1%	0.3%	0.4%
Other Income Expense Income Before Tax	26.4%	23.4%	22.3%	20.1%	16.8%	17.3%	16.7%	17.4%	20.6%	20.3%
Income Tax Income Tax Expense	6.0%	3.3%	4.9%	4.4%	-3.3%	2.5%	4.0%	2.3%	1.6%	18.3%
net Income net Income	20.5%	20.1%	17.4%	15.7%	20.0%	14.8%	12.7%	15.1%	19.0%	2.0%
net Income Comprehensive Income	21.3%	20.0%	17.3%	15.6%	19.9%	14.6%	12.9%	15.2%	19.5%	1.3%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	3.2%	3.5%	3.7%	3.3%	3.4%	3.5%	3.9%	4.2%	4.1%	4.5%
Earnings Per Share Weighted Average Shares Diluted	3.2%	3.5%	3.8%	3.4%	3.5%	3.6%	3.9%	4.3%	4.2%	4.7%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 10 years

Operating cash flow $2.1B

Investing cash flow $-595.0M

Financing cash flow $-2.1B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	20.5%	20.1%	17.4%	15.7%	20.0%	14.8%	12.7%	15.1%	19.0%	2.0%
Operating Activities Depreciation and Amortization	2.9%	3.3%	3.5%	3.2%	2.8%	2.3%	2.8%	2.8%	2.4%	2.4%
Operating Activities Stock Based Compensation	6.1%	6.5%	6.3%	5.7%	4.9%	3.9%	3.4%	2.8%	2.6%	2.7%
Operating Activities Deferred Income Taxes	2.2%	-1.7%	0.9%	0.8%	-9.5%	-2.3%	-0.1%	-0.3%	-0.0%	4.6%
Operating Activities Changes In Operating Assets and Liabilities	4.9%	8.3%	2.7%	2.9%	-10.7%	6.8%	-0.5%	-12.6%	0.2%	23.5%
Operating Activities Other Non Cash Items	0.9%	0.0%	-0.2%	—	—	—	—	—	—	—
Operating Activities net Cash From Operating Activities	33.1%	25.5%	29.8%	26.9%	17.4%	19.2%	23.2%	19.6%	21.8%	25.0%
Investing Activities Capital Expenditures	3.2%	2.8%	2.7%	2.5%	3.8%	3.6%	2.8%	2.3%	2.8%	2.4%
Investing Activities Purchases of Investments	44.2%	30.2%	46.6%	42.0%	19.9%	0.3%	0.1%	0.2%	0.7%	23.5%
Investing Activities Other Investing Activities	-0.2%	-1.2%	0.0%	0.0%	-0.9%	0.0%	-0.0%	0.0%	-0.1%	0.0%
Investing Activities net Cash From Investing Activities	-9.5%	2.5%	-13.0%	-11.7%	-21.8%	-8.9%	0.4%	23.4%	11.5%	-0.4%
Financing Activities Proceeds From Debt	0.0%	21.0%	0.0%	—	—	—	—	—	0.0%	13.4%
Financing Activities Repayment of Debt	12.0%	6.8%	0.0%	0.0%	3.9%	0.0%	12.0%	7.6%	0.0%	12.7%
Financing Activities Repurchase of Common Stock	15.2%	19.5%	15.9%	14.4%	13.4%	9.5%	2.2%	26.1%	34.3%	13.4%
Financing Activities Dividends Paid	6.6%	7.2%	7.4%	6.6%	6.8%	7.1%	7.4%	8.1%	6.6%	3.6%
Financing Activities Proceeds From Stock Issuance	1.7%	1.8%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.4%	1.5%
Financing Activities Tax Withholding On Stock Based Compensation	2.2%	3.4%	2.2%	2.0%	1.3%	1.2%	0.7%	1.5%	1.6%	1.3%
Financing Activities net Cash From Financing Activities	-34.4%	-14.0%	-23.8%	-21.4%	-23.8%	-16.1%	7.7%	-36.2%	-42.8%	-16.7%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	0.3%	-0.3%	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	-10.8%	14.2%	-7.3%	-6.6%	-28.2%	-6.6%	32.5%	6.2%	-10.0%	8.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
Gross margin	+67.5%	+66.8%	+67.6%	+70.7%	+66.2%	+66.8%	+66.4%	+66.9%	+64.2%	+62.7%
Operating margin	+26.8%	+22.6%	+21.5%	+19.4%	+16.0%	+18.3%	+17.9%	+17.5%	+19.9%	+19.6%
Net margin	+20.5%	+20.1%	+17.4%	+15.7%	+20.0%	+14.8%	+12.7%	+15.1%	+19.0%	+2.0%
FCF margin	+30.0%	+22.7%	+27.0%	+24.4%	+13.6%	+15.6%	+20.4%	+17.3%	+19.0%	+22.5%
Growth
Revenue CAGR (3y)	-0.2%	-2.4%	-3.6%	+3.0%	+5.5%	+0.9%	-1.0%	-0.5%	—	—
Returns
ROE	—	+114.0%	+86.0%	+86.0%	+109.9%	+111.8%	+106.6%	+338.4%	+107.2%	+5.1%
ROA	—	+11.0%	+10.0%	+10.0%	+13.0%	+9.3%	+7.8%	+10.9%	+13.4%	+1.2%
ROIC	—	+74.8%	+58.0%	+58.0%	+82.6%	-155.2%	-64.6%	-109.6%	+201.7%	+8.9%
Liquidity
Current ratio	—	1.26x	1.19x	1.19x	1.35x	1.50x	1.74x	1.18x	1.45x	1.97x
Quick ratio	—	0.86x	0.71x	0.71x	0.95x	1.35x	1.59x	1.00x	0.92x	1.13x
Leverage
D/E	—	9.41x	7.63x	7.63x	7.47x	10.96x	12.66x	30.08x	7.02x	3.39x
Interest coverage	15.36x	20.89x	18.97x	18.97x	15.19x	15.85x	13.93x	17.18x	21.05x	18.68x
Efficiency
Asset turnover	—	0.55x	0.57x	0.63x	0.65x	0.63x	0.61x	0.72x	0.70x	0.59x
Cash conversion cycle	—	+16d	-1d	-7d	+18d	+1d	+2d	+8d	+4d	-16d

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NetApp

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