NetApp Financial Statements From 2010 to 2026

NTAP Stock  USD 106.47  0.10  0.09%   
Analyzing historical trends in various income statement and balance sheet accounts from NetApp's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting NetApp's valuation are summarized below:
Gross Profit
4.7 B
Profit Margin
0.1773
Market Capitalization
21.3 B
Enterprise Value Revenue
3.1358
Revenue
6.6 B
There are currently one hundred twenty fundamental ratios for NetApp that can be evaluated and compared over time across peers in the industry. Investors and active traders are advised to check NetApp's last-minute fundamental performance against the performance between 2010 and 2026 to make sure the trends are evolving in the right direction. As of 01/05/2026, Market Cap is likely to drop to about 6.4 B. In addition to that, Enterprise Value is likely to drop to about 6.2 B

NetApp Total Revenue

4.11 Billion

Check NetApp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NetApp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 177 M, Interest Expense of 38.9 M or Total Revenue of 4.1 B, as well as many indicators such as Price To Sales Ratio of 5.61, Dividend Yield of 0.0192 or PTB Ratio of 8.69. NetApp financial statements analysis is a perfect complement when working with NetApp Valuation or Volatility modules.
  
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Check out the analysis of NetApp Correlation against competitors.

NetApp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets6.4 B12.4 B9.1 B
Slightly volatile
Short and Long Term Debt Total4.2 BB2.3 B
Slightly volatile
Other Current Liabilities1.3 B1.2 B773.8 M
Slightly volatile
Total Current Liabilities5.6 B5.4 B3.7 B
Slightly volatile
Total Stockholder Equity1.9 B1.2 BB
Slightly volatile
Property Plant And Equipment Net671.6 M924.6 M817 M
Very volatile
Current Deferred Revenue2.8 B2.6 B1.9 B
Slightly volatile
Accounts Payable617 M587.6 M403.2 M
Slightly volatile
CashB3.2 B2.9 B
Very volatile
Non Current Assets TotalB5.7 B3.6 B
Slightly volatile
Non Currrent Assets Other270.6 M363.4 M366.4 M
Slightly volatile
Cash And Short Term Investments3.1 B4.4 B4.2 B
Pretty Stable
Net Receivables1.5 B1.4 B965 M
Slightly volatile
Common Stock Shares Outstanding249.6 M188.1 M267.8 M
Slightly volatile
Short Term Investments1.3 B1.3 B1.7 B
Slightly volatile
Liabilities And Stockholders Equity6.4 B12.4 B9.1 B
Slightly volatile
Non Current Liabilities Total6.2 B5.9 B3.9 B
Slightly volatile
Inventory224.6 M213.9 M149 M
Slightly volatile
Other Current Assets691.9 M659 M418.3 M
Slightly volatile
Total Liabilities11.8 B11.3 B7.5 B
Slightly volatile
Total Current Assets4.1 B6.7 B5.7 B
Very volatile
Short Term Debt953.9 M908.5 M624.9 M
Very volatile
Common Stock825.8 M1.3 B1.4 B
Pretty Stable
Common Stock Total Equity750.9 M1.1 B1.1 B
Very volatile
Property Plant And Equipment Gross2.9 B2.7 B1.4 B
Slightly volatile
Other Liabilities3.1 B2.9 B2.2 B
Slightly volatile
Other Assets1.4 B1.4 B751.1 M
Slightly volatile
Property Plant Equipment741.8 M747.5 M767 M
Pretty Stable
Good Will3.3 B3.1 B1.9 B
Slightly volatile
Intangible Assets47 M49.5 M111.2 M
Slightly volatile
Warrants70.9 M56.3 M65.8 M
Slightly volatile
Capital Surpluse3.2 BB3.6 B
Slightly volatile
Deferred Long Term Liabilities100 M105.3 M749.2 M
Slightly volatile
Non Current Liabilities Other119.1 M125.3 M750.2 M
Very volatile
Long Term Debt Total1.7 B2.7 B1.7 B
Slightly volatile
Short and Long Term Debt591.2 M675 M697.2 M
Slightly volatile
Long Term Investments111.1 M105.8 M57.8 M
Slightly volatile
Net Invested Capital2.7 B3.8 B3.9 B
Slightly volatile
Net Working Capital1.4 B1.1 B1.8 B
Slightly volatile
Capital Stock900.3 M1.3 B998 M
Slightly volatile

NetApp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization177 M279.4 M242.5 M
Very volatile
Total Revenue4.1 B7.6 B5.7 B
Slightly volatile
Gross Profit5.6 B5.3 B3.8 B
Slightly volatile
Other Operating Expenses3.5 BB4.8 B
Pretty Stable
Operating Income1.6 B1.5 B942.6 M
Slightly volatile
EBIT1.7 B1.7 BB
Slightly volatile
Research Development585.4 M1.2 B834.1 M
Slightly volatile
EBITDAB1.9 B1.3 B
Slightly volatile
Cost Of Revenue1.5 B2.3 BB
Very volatile
Total Operating ExpensesB3.8 B2.8 B
Slightly volatile
Income Before Tax1.7 B1.6 B950.4 M
Slightly volatile
Net Income1.4 B1.4 B766.2 M
Slightly volatile
Selling General Administrative224.2 M357.6 M266.6 M
Slightly volatile
Net Income Applicable To Common Shares1.5 B1.5 B802.8 M
Slightly volatile
Selling And Marketing Expenses1.5 B2.1 B1.7 B
Slightly volatile
Net Income From Continuing Ops799.1 M1.4 B768.2 M
Slightly volatile
Non Recurring170.3 M162.2 M75.1 M
Slightly volatile
Interest Income69.4 M128.8 M60.6 M
Slightly volatile
Reconciled Depreciation239.7 M279.4 M225.7 M
Slightly volatile

NetApp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow1.6 B2.2 B2.5 B
Pretty Stable
Depreciation171.7 M279.4 M233.6 M
Very volatile
Capital Expenditures169.3 M193.2 M188.3 M
Pretty Stable
Total Cash From Operating Activities928.1 M1.7 B1.2 B
Slightly volatile
Net Income1.4 B1.4 B766.2 M
Slightly volatile
End Period Cash Flow1.7 B3.2 B2.5 B
Slightly volatile
Stock Based Compensation466.1 M443.9 M259.3 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.613.22.8231
Pretty Stable
Dividend Yield0.01920.02080.0223
Slightly volatile
PTB Ratio8.6915.8412.3381
Slightly volatile
Days Sales Outstanding66.2679.5858.7129
Slightly volatile
Book Value Per Share4.34.596.5816
Slightly volatile
Operating Cash Flow Per Share6.986.644.9297
Slightly volatile
Stock Based Compensation To Revenue0.02730.05290.0389
Slightly volatile
Capex To Depreciation1.50.80.9825
Slightly volatile
PB Ratio8.6915.8412.3381
Slightly volatile
EV To Sales5.43.332.7132
Slightly volatile
ROIC0.080.150.1166
Slightly volatile
Inventory Turnover11.279.4813.9268
Slightly volatile
Net Income Per Share5.495.233.0863
Slightly volatile
Days Of Inventory On Hand33.9139.8530.4754
Very volatile
Payables Turnover7.834.416.3572
Slightly volatile
Sales General And Administrative To Revenue0.05290.05440.0475
Slightly volatile
Research And Ddevelopement To Revenue0.10.140.1408
Pretty Stable
Capex To Revenue0.02790.02940.0361
Slightly volatile
Cash Per Share17.8216.9716.0257
Slightly volatile
POCF Ratio13.2813.9815.4771
Slightly volatile
Interest Coverage11.0318.814.5158
Slightly volatile
Payout Ratio0.730.410.5871
Very volatile
Capex To Operating Cash Flow0.120.130.2168
Slightly volatile
Days Payables Outstanding46.0685.6967.7246
Slightly volatile
Income Quality1.391.462.8216
Pretty Stable
ROE1.081.030.7587
Slightly volatile
EV To Operating Cash Flow13.8314.5514.7747
Slightly volatile
PE Ratio16.8717.7533.4665
Pretty Stable
Return On Tangible Assets0.07350.130.1018
Slightly volatile
Earnings Yield0.06120.05830.0506
Slightly volatile
Intangibles To Total Assets0.140.230.1906
Slightly volatile
Current Ratio2.781.442.0423
Slightly volatile
Receivables Turnover5.04.756.4089
Slightly volatile
Graham Number24.423.2418.4426
Slightly volatile
Shareholders Equity Per Share4.34.596.5816
Slightly volatile
Debt To Equity3.173.022.0471
Slightly volatile
Capex Per Share0.420.740.6888
Pretty Stable
Revenue Per Share30.4428.9922.7637
Slightly volatile
Interest Debt Per Share16.4715.689.3133
Slightly volatile
Debt To Assets0.30.290.2197
Slightly volatile
Enterprise Value Over EBITDA12.3212.9712.6606
Slightly volatile
Short Term Coverage Ratios2.192.3113.1456
Slightly volatile
Price Earnings Ratio16.8717.7533.4665
Pretty Stable
Operating Cycle10011989.1894
Slightly volatile
Price Book Value Ratio8.6915.8412.3381
Slightly volatile
Days Of Payables Outstanding46.0685.6967.7246
Slightly volatile
Dividend Payout Ratio0.730.410.5871
Very volatile
Price To Operating Cash Flows Ratio13.2813.9815.4771
Slightly volatile
Pretax Profit Margin0.110.190.1507
Slightly volatile
Ebt Per Ebit0.740.930.9867
Slightly volatile
Operating Profit Margin0.10.180.1485
Slightly volatile
Company Equity Multiplier9.839.377.8842
Slightly volatile
Long Term Debt To Capitalization0.670.630.472
Slightly volatile
Total Debt To Capitalization0.730.690.5345
Slightly volatile
Return On Capital Employed0.110.20.1582
Slightly volatile
Debt Equity Ratio3.173.022.0471
Slightly volatile
Ebit Per Revenue0.10.180.1485
Slightly volatile
Quick Ratio2.651.41.9521
Slightly volatile
Dividend Paid And Capex Coverage Ratio3.612.932.7509
Very volatile
Net Income Per E B T0.650.770.7958
Very volatile
Cash Ratio1.20.680.9629
Slightly volatile
Operating Cash Flow Sales Ratio0.180.210.2031
Slightly volatile
Days Of Inventory Outstanding33.9139.8530.4754
Very volatile
Days Of Sales Outstanding66.2679.5858.7129
Slightly volatile
Cash Flow Coverage Ratios0.470.54.7312
Slightly volatile
Price To Book Ratio8.6915.8412.3381
Slightly volatile
Fixed Asset Turnover7.569.47.2079
Slightly volatile
Capital Expenditure Coverage Ratio4.188.076.5194
Slightly volatile
Price Cash Flow Ratio13.2813.9815.4771
Slightly volatile
Enterprise Value Multiple12.3212.9712.6606
Slightly volatile
Debt Ratio0.30.290.2197
Slightly volatile
Cash Flow To Debt Ratio0.470.54.7312
Slightly volatile
Price Sales Ratio5.613.22.8231
Pretty Stable
Return On Assets0.08570.130.0844
Slightly volatile
Asset Turnover0.810.70.6694
Pretty Stable
Net Profit Margin0.0880.160.1212
Slightly volatile
Gross Profit Margin0.50.630.6286
Slightly volatile
Price Fair Value8.6915.8412.3381
Slightly volatile
Return On Equity1.081.030.7587
Slightly volatile

NetApp Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap6.4 B8.6 B9.1 B
Very volatile
Enterprise Value6.2 B8.4 B8.9 B
Very volatile

NetApp Fundamental Market Drivers

Forward Price Earnings12.4533
Cash And Short Term Investments3.8 B

NetApp Upcoming Events

28th of February 2024
Upcoming Quarterly Report
View
29th of May 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
29th of May 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
30th of April 2023
Last Financial Announcement
View

About NetApp Financial Statements

NetApp shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although NetApp investors may analyze each financial statement separately, they are all interrelated. The changes in NetApp's assets and liabilities, for example, are also reflected in the revenues and expenses on on NetApp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue2.6 B2.8 B
Total Revenue7.6 B4.1 B
Cost Of Revenue2.3 B1.5 B
Stock Based Compensation To Revenue 0.05  0.03 
Sales General And Administrative To Revenue 0.05  0.05 
Research And Ddevelopement To Revenue 0.14  0.10 
Capex To Revenue 0.03  0.03 
Revenue Per Share 28.99  30.44 
Ebit Per Revenue 0.18  0.10 

Pair Trading with NetApp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NetApp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NetApp will appreciate offsetting losses from the drop in the long position's value.

Moving together with NetApp Stock

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Moving against NetApp Stock

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The ability to find closely correlated positions to NetApp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetApp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NetApp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NetApp Inc to buy it.
The correlation of NetApp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NetApp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetApp Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NetApp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for NetApp Stock Analysis

When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.