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NetApp, Inc.

NTAP

$189.55 ▼ -1.96 (-1.02%) at close

19 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Moderately Bullish

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Analytical Summary

NetApp, Inc. shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). However, watch Debt to Equity which shows concerning trends. Overall, the data suggests a moderately positive outlook with manageable risks.

Market Cap $37.7B

Dividend Yield 1.10%

Revenue Growth 5.4% ↗

Op. Margin 24.2% ↗

ROIC 33.8% ↗

FCF / Share $9.39 ↗

Trailing P/E 29.6x

Price / Book 27.5x

FCF Yield 5.0%

Debt / Equity 1.84

info Valuation on last close. End-of-day price, Aug 7, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$6.92B

↑ +5.4% —

Net Income Profit after all expenses

$1.28B

↑ +7.6% —

Operating Margin Operating profit as % of sales

24.2%

↑ +18.8% 91th

FCF / Share Free cash flow per share

$9.39

↑ +43.2% —

Long-Term Debt Long-term obligations

$2.49B

↓ -23.1% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↑

Returns ↓

Financial Health ↓

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$2.08 Latest / share

+0.0% YoY

+11.0% 12-yr CAGR

$0.66

FY 2015

$0.72

FY 2016

$0.76

FY 2017

$0.80

FY 2018

$1.60

FY 2019

$1.92

FY 2020

$1.92

FY 2021

$2.00

FY 2022

$2.00

FY 2023

$2.00

FY 2024

$2.08

FY 2025

$2.08

FY 2026

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2026 Apr 24, 2026 10-K ↗	FY 2025 Apr 25, 2025 10-K ↗	FY 2024 Apr 26, 2024 10-K ↗	FY 2023 Apr 28, 2023 10-K ↗	FY 2022 Apr 29, 2022 10-K ↗	FY 2021 Apr 30, 2021 10-K ↗	FY 2020 Apr 24, 2020 10-K ↗	FY 2019 Apr 26, 2019 10-K ↗	FY 2018 Apr 27, 2018 10-K ↗	FY 2017 Apr 28, 2017 10-K ↗	FY 2016 Apr 29, 2016 10-K ↗	FY 2015 Apr 24, 2015 10-K ↗	FY 2014 Apr 25, 2014 10-K ↗	FY 2013 Apr 26, 2013 10-K ↗	FY 2012 Apr 27, 2012 10-K ↗	FY 2011 Apr 29, 2011 10-K ↗	FY 2010 Apr 30, 2010 10-K ↗	FY 2009 Apr 24, 2009 10-K ↗	FY 2008 Apr 25, 2008 10-K ↗
Revenue Growth YoY (%)	5.4% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-55%)	4.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-60%)	-1.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-112%)	0.7% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-94%)	10.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-17%)	6.1% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-49%)	-11.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-200%)	4.0% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-67%)	7.1% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-41%)	-0.5% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-104%)	-9.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-179%)	-3.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-127%)	-0.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-101%)	1.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-87%)	21.7% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+81%)	30.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+152%)	15.4% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+28%)	—	—
EPS Growth YoY (%)	10.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	22.6% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-19.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	39.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	27.7% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-7.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-22.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	1542.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-84.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	137.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-55.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-5.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	33.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-15.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-11.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	58.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	490.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	7.6% Fair ↓ Fair Declining Year-over-year change in net income	20.3% Good ↑ Good Improving Year-over-year change in net income	-22.6% Weak ↓ Weak Declining Year-over-year change in net income	36.0% Excellent ↑ Excellent Improving Year-over-year change in net income	28.4% Excellent ↓ Excellent Declining Year-over-year change in net income	-10.9% Weak ↓ Weak Declining Year-over-year change in net income	-29.9% Weak ↓ Weak Declining Year-over-year change in net income	1438.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-85.1% Weak ↓ Weak Declining Year-over-year change in net income	122.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-59.1% Weak ↓ Weak Declining Year-over-year change in net income	-12.2% Weak ↓ Weak Declining Year-over-year change in net income	26.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-16.5% Weak ↓ Weak Declining Year-over-year change in net income	-10.1% Weak ↓ Weak Declining Year-over-year change in net income	68.1% Excellent Excellent Year-over-year change in net income	519.8% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	43.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-10.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	83.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-9.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	-16.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	29.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-11.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	-7.5% Weak Weak Year-over-year change in free cash flow	68.7% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	26.0% Excellent Excellent Year-over-year change in free cash flow	36.2% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	2.9% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	1.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.0% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	5.5% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	0.9% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-1.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.7% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	3.5% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-1.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-4.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-4.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	7.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	17.2% Excellent Excellent Compound annual revenue growth over 3 years	22.3% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	3.8% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	4.0% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	0.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.5% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	2.7% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	0.7% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-2.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.6% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-1.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-2.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.6% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	9.3% Good Good Compound annual revenue growth over 5 years	13.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	3.0% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	11.4% Good ↑ Good Improving Compound annual EPS growth over 3 years	12.9% Good ↓ Good Declining Compound annual EPS growth over 3 years	18.1% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	-3.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	127.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	24.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	80.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-45.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-0.4% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-17.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	2.2% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	0.0% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	5.9% Fair Fair Compound annual EPS growth over 3 years	102.5% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2026 Apr 24, 2026 10-K ↗	FY 2025 Apr 25, 2025 10-K ↗	FY 2024 Apr 26, 2024 10-K ↗	FY 2023 Apr 28, 2023 10-K ↗	FY 2022 Apr 29, 2022 10-K ↗	FY 2021 Apr 30, 2021 10-K ↗	FY 2020 Apr 24, 2020 10-K ↗	FY 2019 Apr 26, 2019 10-K ↗	FY 2018 Apr 27, 2018 10-K ↗	FY 2017 Apr 28, 2017 10-K ↗	FY 2016 Apr 29, 2016 10-K ↗	FY 2015 Apr 24, 2015 10-K ↗	FY 2014 Apr 25, 2014 10-K ↗	FY 2013 Apr 26, 2013 10-K ↗	FY 2012 Apr 27, 2012 10-K ↗	FY 2011 Apr 29, 2011 10-K ↗	FY 2010 Apr 30, 2010 10-K ↗	FY 2009 Apr 24, 2009 10-K ↗	FY 2008 Apr 25, 2008 10-K ↗
Operating Margin (%) (%)	24.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	20.3% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	19.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	16.0% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	18.3% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	17.9% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	17.5% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	19.9% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	19.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.0% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	6.3% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	11.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	11.6% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	9.6% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	12.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	16.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	12.4% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	1.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	—
Effective Tax Rate (%) (%)	22.6% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.9% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-19.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.4% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.1% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	93.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.5% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.6% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.5% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.9% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	10.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—
Profit Margin (%) (%)	18.4% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	18.0% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+20%)	15.7% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	20.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	14.8% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	15.1% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	19.0% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+27%)	1.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-91%)	9.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	4.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	9.1% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	10.1% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	8.0% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-47%)	9.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	13.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	10.2% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	1.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	—
FCF Margin (%) (%)	27.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	20.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	24.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.6% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.6% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	20.4% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	17.3% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	19.0% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	22.6% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	14.7% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	21.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	21.4% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	17.6% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.46x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.55x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.68x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.05x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.60x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.14x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.00x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	17.54x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.59x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	1.67x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.10x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	9.28x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2026 Apr 24, 2026 10-K ↗	FY 2025 Apr 25, 2025 10-K ↗	FY 2024 Apr 26, 2024 10-K ↗	FY 2023 Apr 28, 2023 10-K ↗	FY 2022 Apr 29, 2022 10-K ↗	FY 2021 Apr 30, 2021 10-K ↗	FY 2020 Apr 24, 2020 10-K ↗	FY 2019 Apr 26, 2019 10-K ↗	FY 2018 Apr 27, 2018 10-K ↗	FY 2017 Apr 28, 2017 10-K ↗	FY 2016 Apr 29, 2016 10-K ↗	FY 2015 Apr 24, 2015 10-K ↗	FY 2014 Apr 25, 2014 10-K ↗	FY 2013 Apr 26, 2013 10-K ↗	FY 2012 Apr 27, 2012 10-K ↗	FY 2011 Apr 29, 2011 10-K ↗	FY 2010 Apr 30, 2010 10-K ↗	FY 2009 Apr 24, 2009 10-K ↗	FY 2008 Apr 25, 2008 10-K ↗
Return on Invested Capital (%)	33.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	26.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	26.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	34.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	28.5% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	23.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	59.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	42.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	2.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	11.9% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	11.5% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	13.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	7.8% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.7% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	17.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	15.2% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	2.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	15.6% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	12.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	12.3% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	10.4% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	11.5% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	11.0% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	12.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	14.0% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	7.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.0% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	5.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	7.8% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	9.7% Fair Fair Operating profit relative to total assets Optimal: > 10%	7.5% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	94.4% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+411%)	114.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+516%)	86.0% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+365%)	109.9% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+494%)	111.8% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+504%)	106.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+476%)	—	107.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+480%)	3.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-80%)	18.3% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	7.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-57%)	16.4% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-11%)	16.8% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-9%)	10.7% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-42%)	14.1% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-24%)	18.0% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	15.8% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	3.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-80%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2026 Apr 24, 2026 10-K ↗	FY 2025 Apr 25, 2025 10-K ↗	FY 2024 Apr 26, 2024 10-K ↗	FY 2023 Apr 28, 2023 10-K ↗	FY 2022 Apr 29, 2022 10-K ↗	FY 2021 Apr 30, 2021 10-K ↗	FY 2020 Apr 24, 2020 10-K ↗	FY 2019 Apr 26, 2019 10-K ↗	FY 2018 Apr 27, 2018 10-K ↗	FY 2017 Apr 28, 2017 10-K ↗	FY 2016 Apr 29, 2016 10-K ↗	FY 2015 Apr 24, 2015 10-K ↗	FY 2014 Apr 25, 2014 10-K ↗	FY 2013 Apr 26, 2013 10-K ↗	FY 2012 Apr 27, 2012 10-K ↗	FY 2011 Apr 29, 2011 10-K ↗	FY 2010 Apr 30, 2010 10-K ↗	FY 2009 Apr 24, 2009 10-K ↗	FY 2008 Apr 25, 2008 10-K ↗
Debt to Equity (x)	1.84x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+309%)	3.11x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+591%)	2.09x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+364%)	2.06x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+358%)	3.15x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+599%)	3.84x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+754%)	4.74x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+952%)	1.42x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+215%)	0.75x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+66%)	0.54x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+19%)	0.81x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+80%)	0.44x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.26x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-42%)	0.48x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+6%)	0.28x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-38%)	—	—	—	—
Interest Coverage (x)	15.36x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	25.23x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	18.97x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	15.19x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	15.85x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	13.93x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	17.18x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	21.05x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	18.15x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	12.79x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	7.10x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	17.05x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	20.34x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	6.63x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	9.99x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	10.86x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	6.59x Good Good Operating income divided by interest expense Optimal: > 5x	0.74x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$417.00M	$493.00M	$489.00M	$73.00M	$-1.48B	$-1.90B	$-1.51B	$-781.00M	$-1.40B	$-951.00M	$-529.00M	$-435.00M	$-1.30B	$-1.02B	$-347.50M	$-2.76B	$-1.71B	$-1.49B	$-936.50M
Debt / EBITDA (x)	1.34x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.11x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.69x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.99x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.02x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.21x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.04x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.13x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.21x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.77x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.18x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.55x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.99x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.60x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.26x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2026 Apr 24, 2026 10-K ↗	FY 2025 Apr 25, 2025 10-K ↗	FY 2024 Apr 26, 2024 10-K ↗	FY 2023 Apr 28, 2023 10-K ↗	FY 2022 Apr 29, 2022 10-K ↗	FY 2021 Apr 30, 2021 10-K ↗	FY 2020 Apr 24, 2020 10-K ↗	FY 2019 Apr 26, 2019 10-K ↗	FY 2018 Apr 27, 2018 10-K ↗	FY 2017 Apr 28, 2017 10-K ↗	FY 2016 Apr 29, 2016 10-K ↗	FY 2015 Apr 24, 2015 10-K ↗	FY 2014 Apr 25, 2014 10-K ↗	FY 2013 Apr 26, 2013 10-K ↗	FY 2012 Apr 27, 2012 10-K ↗	FY 2011 Apr 29, 2011 10-K ↗	FY 2010 Apr 30, 2010 10-K ↗	FY 2009 Apr 24, 2009 10-K ↗	FY 2008 Apr 25, 2008 10-K ↗
Revenue per Share (USD)	$34.80	$32.22	$30.13	$29.32	$28.33	$25.87	$23.53	$24.20	$22.06	$20.07	$18.86	$19.38	$18.59	$17.52	$17.13	$14.19	$11.58	$10.31	—
Basic EPS, GAAP (USD)	$6.41	$5.81	$4.74	$5.87	$4.20	$3.29	$3.56	$4.60	$0.28	$1.85	$0.78	$1.77	$1.87	$1.40	$1.66	$1.87	$1.18	$0.20	—
Free Cash Flow per Share (USD)	$9.39	$6.56	$7.36	$4.00	$4.42	$5.27	$4.07	$4.60	$4.97	$2.95	—	—	—	—	—	$3.11	$2.47	$1.82	—
Dividend per Share (USD)	$2.08	$2.08	$2.00	$2.00	$2.00	$1.92	$1.92	$1.60	$0.80	$0.76	$0.72	$0.66	$0.60	—	—	—	—	—	—
Book Value per Share (USD)	$6.89	$5.17	$5.56	$5.47	$3.81	$3.09	$1.11	$4.54	$7.86	$10.33	$10.25	$11.16	$11.13	$13.05	$11.80	$10.34	$7.45	$5.40	—
Tangible Book Value per Share (USD)	$-7.25	$-8.37	$-7.83	$-7.55	$-6.85	$-6.10	$-7.01	$-2.69	$1.25	$4.07	$4.29	$7.80	$8.22	$10.32	$9.31	$8.08	$5.37	$3.34	—
Basic Weighted Avg Shares (shares)	199.00M	204.00M	208.00M	217.00M	223.00M	222.00M	230.00M	254.00M	268.00M	275.00M	294.00M	316.00M	340.30M	361.50M	363.90M	360.90M	339.60M	330.30M	—
Dividend Payout Ratio (%)	32.4% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	35.8% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	42.2% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	34.1% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	47.6% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	58.4% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	53.9% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	34.8% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	285.7% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	41.1% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	92.3% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	37.3% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	32.1% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2026 Apr 24, 2026 10-K ↗	FY 2025 Apr 25, 2025 10-K ↗	FY 2024 Apr 26, 2024 10-K ↗	FY 2023 Apr 28, 2023 10-K ↗	FY 2022 Apr 29, 2022 10-K ↗	FY 2021 Apr 30, 2021 10-K ↗	FY 2020 Apr 24, 2020 10-K ↗	FY 2019 Apr 26, 2019 10-K ↗	FY 2018 Apr 27, 2018 10-K ↗	FY 2017 Apr 28, 2017 10-K ↗	FY 2016 Apr 29, 2016 10-K ↗	FY 2015 Apr 24, 2015 10-K ↗	FY 2014 Apr 25, 2014 10-K ↗	FY 2013 Apr 26, 2013 10-K ↗	FY 2012 Apr 27, 2012 10-K ↗	FY 2011 Apr 29, 2011 10-K ↗	FY 2010 Apr 30, 2010 10-K ↗	FY 2009 Apr 24, 2009 10-K ↗	FY 2008 Apr 25, 2008 10-K ↗
Working Capital (USD)	$1.75B	$1.19B	$791.00M	$1.21B	$1.99B	$2.55B	$658.00M	$1.74B	$3.23B	$2.08B	$2.79B	$4.06B	$3.78B	$4.59B	$3.31B	$2.99B	$2.63B	—	—
LT Debt (USD)	$2.49B	$3.23B	$2.39B	$2.39B	$2.64B	$2.63B	$1.15B	$1.54B	$1.54B	$1.49B	$1.49B	$1.49B	$995.50M	$2.25B	$1.20B	—	—	—	—
Total Equity (USD)	$1.35B	$1.04B	$1.15B	$1.16B	$838.00M	$685.00M	$242.00M	$1.09B	$2.07B	$2.78B	$2.88B	$3.41B	$3.79B	$4.72B	$4.29B	$3.73B	$2.53B	$1.78B	$1.70B

📋 What is driving earnings? 4 metrics

Metric	FY 2026 Apr 24, 2026 10-K ↗	FY 2025 Apr 25, 2025 10-K ↗	FY 2024 Apr 26, 2024 10-K ↗	FY 2023 Apr 28, 2023 10-K ↗	FY 2022 Apr 29, 2022 10-K ↗	FY 2021 Apr 30, 2021 10-K ↗	FY 2020 Apr 24, 2020 10-K ↗	FY 2019 Apr 26, 2019 10-K ↗	FY 2018 Apr 27, 2018 10-K ↗	FY 2017 Apr 28, 2017 10-K ↗	FY 2016 Apr 29, 2016 10-K ↗	FY 2015 Apr 24, 2015 10-K ↗	FY 2014 Apr 25, 2014 10-K ↗	FY 2013 Apr 26, 2013 10-K ↗	FY 2012 Apr 27, 2012 10-K ↗	FY 2011 Apr 29, 2011 10-K ↗	FY 2010 Apr 30, 2010 10-K ↗	FY 2009 Apr 24, 2009 10-K ↗	FY 2008 Apr 25, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$6.92B	$6.57B	$6.27B	$6.36B	$6.32B	$5.74B	$5.41B	$6.15B	$5.91B	$5.52B	$5.55B	$6.12B	$6.33B	$6.33B	$6.23B	$5.12B	$3.93B	$3.41B	—
Depreciation Expense (USD)	$179.00M	$196.00M	$198.00M	$181.00M	$148.00M	$158.00M	$154.00M	$150.00M	$145.00M	$178.00M	$212.00M	$243.00M	$275.00M	$258.80M	$204.10M	—	—	—	—
Net Income, GAAP (USD)	$1.28B	$1.19B	$986.00M	$1.27B	$937.00M	$730.00M	$819.00M	$1.17B	$76.00M	$509.00M	$229.00M	$560.00M	$637.50M	$505.30M	$605.40M	$673.10M	$400.40M	$64.60M	—
Operating Cash Flow (USD)	$2.07B	$1.51B	$1.69B	$1.11B	$1.21B	$1.33B	$1.06B	$1.34B	$1.48B	$986.00M	—	—	—	—	—	$1.35B	$975.00M	$889.20M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 19 years · 69 quarters

NetApp, Inc.

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