NetApp, Inc. financials
Source: EDGAR filings · Built 2026-06-19T01:20:27Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.87B | 1.34B | 1.53B | 868.00M | 985.00M | 1.17B |
| EBITDA | 1.85B | 1.53B | — | 1.20B | 1.30B | — |
| Working Capital | 1.75B | 1.19B | 791.00M | 1.21B | 1.99B | 2.55B |
| Net Debt | 663.00M | 749.00M | 749.00M | 368.00M | -1.17B | -1.78B |
| Gross Margin | 70.74% | 70.19% | 70.72% | 66.16% | 66.79% | 66.42% |
| Operating Margin | 24.17% | 20.34% | 19.37% | 16.00% | 18.31% | 17.95% |
| Net Margin | 18.43% | 18.05% | 15.73% | 20.03% | 14.83% | 12.71% |
| Return on Equity (ROE) | 94.45% | 114.04% | 86.04% | 109.92% | 111.81% | 106.57% |
| Return on Assets (ROA) | 11.88% | 10.96% | 9.97% | 12.98% | 9.35% | 7.80% |
| Current Ratio | 1.44× | 1.25× | 1.19× | 1.35× | 1.50× | 1.74× |
| Debt-to-Equity | 2.02× | 3.36× | 2.31× | 2.32× | 3.51× | 4.02× |
| Effective Tax Rate | 22.57% | 14.24% | 21.93% | -19.51% | 14.43% | 24.12% |
| Cash Conversion Ratio | 1.62× | 1.27× | 1.71× | 0.87× | 1.29× | 1.83× |
| Accruals Ratio | -0.07× | -0.03× | -0.07× | 0.02× | -0.03× | -0.06× |
| SBC % of Revenue | 5.52% | 5.87% | 5.70% | 4.90% | 3.88% | 3.43% |
| CapEx Coverage | 10.44× | 8.96× | 10.87× | 4.63× | 5.36× | 8.23× |
| Free Cash Flow Per Share | $9.30 | $6.40 | $7.18 | $3.95 | $4.30 | $5.18 |
Income Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 6.92B | 6.57B | 6.27B | 6.36B | 6.32B | 5.74B |
| Revenues | 6.24B | 5.91B | 5.66B | — | — | — |
| Cost of Goods and Services Sold | 2.03B | 1.96B | 1.83B | 2.15B | 2.10B | 1.93B |
| Gross Profit | 4.90B | 4.61B | 4.43B | 4.21B | 4.22B | 3.81B |
| Research and Development Expense | 991.00M | 1.01B | 1.03B | 956.00M | 881.00M | 881.00M |
| Operating Expenses | 3.23B | 3.28B | 3.22B | 3.19B | 3.06B | 2.78B |
| Operating Income (Loss) | 1.67B | 1.34B | 1.21B | 1.02B | 1.16B | 1.03B |
| Income Tax Expense (Benefit) | 372.00M | 197.00M | 277.00M | -208.00M | 158.00M | 232.00M |
| Net Income (Loss) Attributable to Parent | 1.28B | 1.19B | 986.00M | 1.27B | 937.00M | 730.00M |
| Earnings Per Share, Basic | $6.41 | $5.81 | $4.74 | $5.87 | $4.20 | $3.29 |
| Weighted Average Number of Shares Outstanding, Basic | 199.00M | 204.00M | 208.00M | 217.00M | 223.00M | 222.00M |
| Earnings Per Share, Diluted | $6.35 | $5.67 | $4.63 | $5.79 | $4.09 | $3.23 |
| Weighted Average Number of Shares Outstanding, Diluted | 201.00M | 209.00M | 213.00M | 220.00M | 229.00M | 226.00M |
Balance Sheet
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.07B | 2.74B | 1.90B | 2.32B | 4.11B | 4.53B |
| Assets, Current | 5.78B | 5.85B | 4.90B | 4.68B | 5.95B | 6.00B |
| Assets | 10.74B | 10.82B | 9.89B | 9.82B | 10.03B | 9.36B |
| Long-term Debt | 2.49B | 3.23B | 2.39B | 2.39B | 2.64B | 2.63B |
| Liabilities, Current | 4.02B | 4.66B | 4.11B | 3.47B | 3.95B | 3.45B |
| Long-term Debt, Excluding Current Maturities | 2.49B | 2.48B | 1.99B | 2.39B | 2.39B | 2.63B |
| Liabilities | 9.39B | 9.78B | 8.74B | 8.66B | 9.19B | 8.68B |
| Stockholders' Equity Attributable to Parent | 1.35B | 1.04B | 1.15B | 1.16B | 838.00M | 685.00M |
| Common Stock, Shares, Outstanding | 196.00M | 201.00M | 206.00M | 212.00M | 220.00M | 222.00M |
Cash Flow Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.07B | 1.51B | 1.69B | 1.11B | 1.21B | 1.33B |
| Payments to Acquire Property, Plant, and Equipment | 198.00M | 168.00M | 155.00M | 239.00M | 226.00M | 162.00M |
| Net Cash Provided by (Used in) Investing Activities | -595.00M | 147.00M | -735.00M | -1.39B | -561.00M | 21.00M |
| Payments for Repurchase of Common Stock | 950.00M | 1.15B | 900.00M | 850.00M | 600.00M | 125.00M |
| Payments of Dividends | 413.00M | 424.00M | 416.00M | 432.00M | 446.00M | 427.00M |
| Net Cash Provided by (Used in) Financing Activities | -2.15B | -828.00M | -1.34B | -1.51B | -1.02B | 444.00M |
Derived Metrics
| Concept | Q4 2026 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 900.00M | 969.00M | 698.00M | 620.00M | 640.00M | 698.00M |
| EBITDA | 581.00M | — | — | 360.00M | 401.00M | — |
| Working Capital | 1.75B | 1.40B | 1.18B | 1.12B | 1.19B | -287.00M |
| Net Debt | 663.00M | 1.10B | 667.00M | 660.00M | 749.00M | 739.00M |
| Gross Margin | 70.07% | 70.58% | 71.96% | 70.43% | 68.88% | 69.77% |
| Operating Margin | 27.31% | 25.34% | 23.40% | 19.82% | 20.09% | 22.06% |
| Net Margin | 20.74% | 19.50% | 17.89% | 14.95% | 19.63% | 18.22% |
| Return on Equity (ROE) | 29.90% | 28.84% | 30.93% | 23.90% | 32.69% | 30.05% |
| Return on Assets (ROA) | 3.76% | 3.35% | 3.17% | 2.41% | 3.14% | 3.33% |
| Current Ratio | 1.44× | 1.39× | 1.34× | 1.31× | 1.25× | 0.93× |
| Debt-to-Equity | 2.02× | 2.36× | 2.78× | 2.82× | 3.36× | 2.26× |
| Effective Tax Rate | 22.01% | 22.86% | 22.39% | 23.36% | 3.95% | 19.19% |
| Cash Conversion Ratio | 2.35× | 3.34× | 2.62× | 2.89× | 1.99× | 2.78× |
| Accruals Ratio | -0.05× | -0.08× | -0.05× | -0.05× | -0.03× | -0.06× |
| SBC % of Revenue | 5.13% | 16.46% | 10.85% | 5.32% | 5.49% | 17.73% |
| CapEx Coverage | 19.00× | 7.55× | 7.84× | 12.70× | 19.29× | 6.25× |
| Free Cash Flow Per Share | $4.48 | $4.84 | $3.46 | $3.05 | $3.06 | $3.36 |
Income Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.95B | 1.71B | 1.71B | 1.56B | 1.73B | 1.64B |
| Cost of Goods and Services Sold | 583.00M | 504.00M | 478.00M | 461.00M | 539.00M | 496.00M |
| Gross Profit | 1.36B | 1.21B | 1.23B | 1.10B | 1.19B | 1.15B |
| Research and Development Expense | 261.00M | 237.00M | 251.00M | 242.00M | 256.00M | 247.00M |
| Operating Expenses | 833.00M | 775.00M | 828.00M | 789.00M | 845.00M | 783.00M |
| Operating Income (Loss) | 532.00M | 434.00M | 399.00M | 309.00M | 348.00M | 362.00M |
| Income Tax Expense (Benefit) | 114.00M | 99.00M | 88.00M | 71.00M | 14.00M | 71.00M |
| Net Income (Loss) Attributable to Parent | 404.00M | 334.00M | 305.00M | 233.00M | 340.00M | 299.00M |
| Earnings Per Share, Basic | $2.03 | $1.69 | $1.53 | $1.16 | $1.68 | $1.47 |
| Weighted Average Number of Shares Outstanding, Basic | 199.00M | 198.00M | 199.00M | 201.00M | 204.00M | 204.00M |
| Earnings Per Share, Diluted | $2.03 | $1.67 | $1.51 | $1.15 | $1.64 | $1.44 |
| Weighted Average Number of Shares Outstanding, Diluted | 201.00M | 200.00M | 202.00M | 203.00M | 209.00M | 208.00M |
Balance Sheet
| Concept | Q4 2026 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.07B | 1.63B | 2.07B | 2.08B | 2.74B | 1.51B |
| Assets, Current | 5.78B | 5.00B | 4.65B | 4.69B | 5.85B | 3.91B |
| Assets | 10.74B | 9.97B | 9.63B | 9.68B | 10.82B | 8.99B |
| Long-term Debt | 2.49B | 2.49B | 2.49B | 2.48B | 3.23B | 1.99B |
| Liabilities, Current | 4.02B | 3.59B | 3.47B | 3.57B | 4.66B | 4.20B |
| Long-term Debt, Excluding Current Maturities | 2.49B | 2.49B | 2.49B | 2.48B | 2.48B | 1.24B |
| Liabilities | 9.39B | 8.81B | 8.64B | 8.70B | 9.78B | 7.99B |
| Stockholders' Equity Attributable to Parent | 1.35B | 1.16B | 986.00M | 975.00M | 1.04B | 995.00M |
| Common Stock, Shares, Outstanding | 196.00M | 198.00M | 198.00M | 200.00M | 201.00M | 203.00M |
Cash Flow Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 950.00M | 1.12B | 800.00M | 673.00M | 675.00M | 831.00M |
| Payments to Acquire Property, Plant, and Equipment | 50.00M | 148.00M | 102.00M | 53.00M | 35.00M | 133.00M |
| Net Cash Provided by (Used in) Investing Activities | -180.00M | -415.00M | 68.00M | -181.00M | -313.00M | 460.00M |
| Payments for Repurchase of Common Stock | 200.00M | 750.00M | 550.00M | 300.00M | 250.00M | 900.00M |
| Payments of Dividends | 103.00M | 310.00M | 207.00M | 104.00M | 105.00M | 319.00M |
| Net Cash Provided by (Used in) Financing Activities | -328.00M | -1.82B | -1.54B | -1.16B | 851.00M | -1.68B |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (NTAP CIK 0001002047),
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us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.