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

Year-over-year change per cell; first column has no prior.

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	-100.0%	+44.1%	+0.0%	-17.8%	—
Short Term Investments	-100.0%	-18.2%	-47.3%	+55.8%	—
Accounts Receivable	-100.0%	+23.7%	+0.0%	+2.0%	—
Inventory	-100.0%	+0.0%	+0.0%	+11.4%	—
Property,Plant and Equipment	-100.0%	-6.8%	+0.0%	-7.1%	—
Goodwill	-98.2%	-1.3%	+0.0%	+0.0%	—
Intangible Assets	-100.0%	-65.3%	+0.0%	-31.5%	—
Liabilities
Accrued Liabilities	-100.0%	+10.8%	+0.0%	+18.2%	—
Deferred Tax Liabilities	-100.0%	+8.4%	+0.0%	-9.3%	—
Equity
Preferred Stock	-100.0%	+0.0%	+0.0%	—	—
Common Stock	-100.0%	+10.9%	+0.0%	+5.5%	—
Additional Paid In Capital	-1.0%	+9.3%	+0.0%	+13.1%	—
Treasury Stock	—	—	—	—	—
Accumulated Other Comprehensive Income	+100.0%	-11.9%	+0.0%	-15.7%	—

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	+5.6%	+4.4%	-9.7%	-1.5%	—
Expenses Cost of Revenue	+3.4%	+6.8%	+0.0%	-14.8%	—
Expenses Research and Development	-2.1%	-1.7%	+0.0%	+7.6%	—
Expenses Selling,General and Administrative	+10.6%	+1.0%	—	—	—
Expenses Depreciation and Amortization	-8.7%	-1.0%	+0.0%	+9.4%	—
Expenses Share Based Compensation	-1.0%	+8.1%	—	—	—
Expenses Restructuring and Asset Impairment	-74.7%	+88.6%	+0.0%	-63.3%	—
Expenses Operating Expenses	-1.6%	+1.8%	+0.0%	+0.9%	—
Other Income Expense Gross Profit	+6.2%	+4.1%	+0.0%	+5.3%	—
Other Income Expense Operating Income	+25.2%	+10.1%	+0.0%	+19.3%	—
Other Income Expense Interest Income	+0.9%	+0.0%	+0.0%	+62.3%	—
Other Income Expense Interest Expense	+70.3%	+0.0%	+0.0%	-4.5%	—
Other Income Expense Other Income/expense	-1400.0%	-300.0%	+0.0%	-97.8%	—
Other Income Expense Income Before Tax	+19.2%	+9.5%	+0.0%	+18.5%	—
Income Tax Income Tax Expense	+88.8%	-28.9%	+0.0%	+233.2%	—
net Income net Income	+7.6%	+20.3%	+0.0%	-22.6%	—
net Income Comprehensive Income	+12.9%	+20.6%	+0.0%	-22.8%	—
Earnings Per Share Basic Eps	+10.3%	+22.6%	+0.0%	-19.3%	—
Earnings Per Share Diluted Eps	+12.0%	+22.5%	+0.0%	-20.0%	—
Earnings Per Share Weighted Average Shares Basic	-2.5%	-1.9%	+0.0%	-4.1%	—
Earnings Per Share Weighted Average Shares Diluted	-3.8%	-1.9%	+0.0%	-3.2%	—

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	+7.6%	+20.3%	+0.0%	-22.6%	—
Operating Activities Depreciation and Amortization	-8.7%	-1.0%	+0.0%	+9.4%	—
Operating Activities Stock Based Compensation	-1.0%	+8.1%	+0.0%	+14.4%	—
Operating Activities Deferred Income Taxes	+235.0%	-288.7%	+0.0%	+108.7%	—
Operating Activities Changes In Operating Assets and Liabilities	-37.6%	+226.7%	-17.1%	+126.5%	—
Operating Activities Other Non Cash Items	—	+100.0%	—	—	—
Operating Activities net Cash From Operating Activities	+37.3%	-10.6%	+0.0%	+52.2%	—
Investing Activities Capital Expenditures	+17.9%	+8.4%	+0.0%	-35.1%	—
Investing Activities Purchases of Investments	+54.8%	-32.4%	+0.0%	+107.6%	—
Investing Activities Other Investing Activities	+78.6%	—	—	+100.0%	—
Investing Activities net Cash From Investing Activities	-504.8%	+120.0%	+0.0%	+47.1%	—
Financing Activities Proceeds From Debt	-100.0%	—	—	—	—
Financing Activities Repayment of Debt	+87.5%	—	—	-100.0%	—
Financing Activities Repurchase of Common Stock	-17.4%	+27.8%	+0.0%	+5.9%	—
Financing Activities Dividends Paid	-2.6%	+1.9%	+0.0%	-3.7%	—
Financing Activities Proceeds From Stock Issuance	-4.6%	+5300.0%	+0.0%	+100.0%	—
Financing Activities Tax Withholding On Stock Based Compensation	-31.2%	+56.7%	+0.0%	+51.2%	—
Financing Activities net Cash From Financing Activities	-159.3%	+38.4%	+0.0%	+11.2%	—
Cash Reconciliation Effect of Exchange Rate On Cash	-93.3%	+178.9%	—	—	—
Cash Reconciliation net Change In Cash	-180.2%	+303.4%	+0.0%	+77.0%	—

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

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NetApp

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