NetApp Financials

NTAP Stock  USD 98.79  1.36  1.36%   
Based on the analysis of NetApp's profitability, liquidity, and operating efficiency, NetApp Inc may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, NetApp's Non Current Assets Total are relatively stable compared to the past year. As of 03/04/2026, Net Receivables is likely to grow to about 1.5 B, while Retained Earnings are likely to drop 0.00.
 
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NetApp Balance Sheet Chart

At this time, NetApp's Non Current Assets Total are relatively stable compared to the past year. As of 03/04/2026, Net Receivables is likely to grow to about 1.5 B, while Retained Earnings are likely to drop 0.00.
Key indicators impacting NetApp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.0880.16
Way Down
Slightly volatile
Return On Assets0.08570.13
Way Down
Slightly volatile
Return On Equity1.081.03
Sufficiently Up
Slightly volatile
Debt Equity Ratio3.173.02
Sufficiently Up
Slightly volatile
Operating Income1.6 B1.5 B
Sufficiently Up
Slightly volatile
Current Ratio2.781.44
Way Up
Slightly volatile
The essential information of the day-to-day investment outlook for NetApp includes many different criteria found on its balance sheet. An individual investor should research NetApp's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in NetApp.

Net Income

1.43 Billion

  
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NetApp Inc Earnings Geography

NetApp Stock Summary

NetApp competes with Rigetti Computing, HP, Logitech International, Flex, and Leidos Holdings. NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California. NetApp operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 12000 people.
Specialization
Information Technology, Technology Hardware & Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS64110D1046
Business Address3060 Olsen Drive,
SectorTechnology Hardware, Storage & Peripherals
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitewww.netapp.com
Phone408 822 6000
CurrencyUSD - US Dollar

NetApp Key Financial Ratios

NetApp Key Balance Sheet Accounts

202120222023202420252026 (projected)
Total Assets10.0B9.8B9.9B10.8B12.4B6.4B
Other Current Liab878M810M973M1.1B1.2B1.3B
Net Debt(2.0B)(1.2B)73M749M674.1M707.8M
Accounts Payable607M392M517M511M587.7M617.0M
Cash4.1B2.3B1.9B2.7B3.2B2.0B
Net Receivables1.2B987M1.0B1.2B1.4B1.5B
Inventory114M204M167M186M213.9M224.6M
Other Current Assets377M456M452M573M659.0M691.9M
Total Liab9.2B8.7B8.7B9.8B11.3B11.8B
Total Current Assets5.9B4.7B4.9B5.9B6.7B4.1B
Short Term Debt297M47M440M790M908.5M953.9M
Common Stock760M945M997M1.1B1.3B825.8M
Other Liab2.4B2.6B2.8B2.6B2.9B3.1B
Other Assets535M694M991M1.2B1.4B1.4B
Good Will2.0B2.3B2.8B2.7B3.1B3.3B
Intangible Assets142M181M124M43M49.5M47.0M
Long Term Debt2.4B2.4B2.0B2.5B2.9B3.0B
Net Tangible Assets(1.6B)(1.5B)(1.7B)(1.8B)(1.6B)(1.5B)

NetApp Key Income Statement Accounts

The reason investors look at the income statement is to determine what NetApp's earnings per share (EPS) will be for research and analysis purposes. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, this information can be used for research and educational purposes even though its price per share may not have changed.
202120222023202420252026 (projected)
Interest Expense74M73M67M64M73.6M38.9M
Total Revenue6.3B6.4B6.3B6.6B7.6B4.1B
Gross Profit4.2B4.2B4.4B4.6B5.3B5.6B
Operating Income1.2B1.0B1.2B1.3B1.5B1.6B
Ebit1.2B1.1B1.3B1.4B1.7B1.7B
Ebitda1.4B1.4B1.6B1.7B1.9B2.0B
Cost Of Revenue2.1B2.2B1.8B2.0B2.3B1.5B
Income Before Tax1.1B1.1B1.3B1.4B1.6B1.7B
Net Income937M1.3B986M1.2B1.4B1.4B
Income Tax Expense158M(208M)277M197M226.6M118.7M
Non Recurring21M58M46M141M162.2M170.3M
Tax Provision158M(208M)277M197M177.3M174.2M
Net Interest Income(65M)(66M)2M48M55.2M58.0M
Interest Income9M7M69M112M128.8M69.4M

NetApp Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining NetApp's current stock value. Our valuation model uses many indicators to compare NetApp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NetApp competition to find correlations between indicators driving NetApp's intrinsic value. More Info.
NetApp Inc is considered to be number one stock in return on equity category among its peers. It is regarded fourth in return on asset category among its peers reporting about  0.09  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for NetApp Inc is roughly  10.96 . At this time, NetApp's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value NetApp by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Most indicators from NetApp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetApp Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
As of 03/04/2026, Selling General Administrative is likely to drop to about 224.2 M. In addition to that, Tax Provision is likely to drop to about 174.2 M
 2023 2024 2025 2026 (projected)
Gross Profit4.4B4.6B5.3B5.6B
Total Revenue6.3B6.6B7.6B4.1B

NetApp fundamental ratios Correlations

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0.560.890.89-0.150.230.920.38-0.190.760.240.920.210.190.86-0.5-0.180.910.820.750.950.320.25-0.030.12-0.24
0.560.890.93-0.190.220.870.56-0.040.830.010.890.180.180.89-0.47-0.180.850.780.640.930.320.31-0.25-0.06-0.07
0.690.890.930.050.470.910.40.010.790.170.890.10.390.91-0.280.070.790.880.770.930.510.53-0.020.11-0.01
0.37-0.15-0.190.050.72-0.11-0.410.65-0.350.3-0.16-0.220.78-0.120.90.95-0.340.050.32-0.180.670.590.360.150.69
0.770.230.220.470.720.39-0.320.450.150.520.27-0.080.820.380.520.690.130.50.560.290.850.560.310.120.47
0.680.920.870.91-0.110.390.21-0.220.840.370.940.370.280.94-0.43-0.120.950.870.760.980.430.170.090.14-0.27
-0.060.380.560.4-0.41-0.320.210.020.32-0.770.46-0.02-0.40.26-0.52-0.330.260.290.070.34-0.320.27-0.57-0.150.01
0.2-0.19-0.040.010.650.45-0.220.02-0.34-0.12-0.19-0.10.47-0.170.660.57-0.360.030.15-0.210.40.49-0.45-0.410.96
0.490.760.830.79-0.350.150.840.32-0.340.180.760.170.10.9-0.56-0.280.870.750.520.880.270.04-0.050.12-0.31
0.550.240.010.170.30.520.37-0.77-0.120.180.120.20.60.280.160.20.330.220.360.270.63-0.130.550.26-0.15
0.580.920.890.89-0.160.270.940.46-0.190.760.120.380.110.87-0.51-0.170.90.870.750.940.270.2-0.020.07-0.26
0.250.210.180.1-0.22-0.080.37-0.02-0.10.170.20.38-0.060.22-0.32-0.260.450.210.20.320.03-0.44-0.07-0.01-0.22
0.780.190.180.390.780.820.28-0.40.470.10.60.11-0.060.250.580.750.090.270.420.230.970.520.370.30.52
0.610.860.890.91-0.120.380.940.26-0.170.90.280.870.220.25-0.39-0.10.890.860.740.950.420.22-0.010.02-0.18
0.04-0.5-0.47-0.280.90.52-0.43-0.520.66-0.560.16-0.51-0.320.58-0.390.85-0.63-0.27-0.02-0.50.420.420.230.00.72
0.38-0.18-0.180.070.950.69-0.12-0.330.57-0.280.2-0.17-0.260.75-0.10.85-0.360.040.3-0.180.660.610.410.30.64
0.530.910.850.79-0.340.130.950.26-0.360.870.330.90.450.090.89-0.63-0.360.750.620.960.25-0.08-0.010.1-0.42
0.630.820.780.880.050.50.870.290.030.750.220.870.210.270.86-0.270.040.750.840.850.430.38-0.040.04-0.03
0.620.750.640.770.320.560.760.070.150.520.360.750.20.420.74-0.020.30.620.840.720.530.420.110.00.1
0.630.950.930.93-0.180.290.980.34-0.210.880.270.940.320.230.95-0.5-0.180.960.850.720.390.19-0.020.11-0.25
0.890.320.320.510.670.850.43-0.320.40.270.630.270.030.970.420.420.660.250.430.530.390.50.340.280.43
0.380.250.310.530.590.560.170.270.490.04-0.130.2-0.440.520.220.420.61-0.080.380.420.190.50.020.130.54
0.26-0.03-0.25-0.020.360.310.09-0.57-0.45-0.050.55-0.02-0.070.37-0.010.230.41-0.01-0.040.11-0.020.340.020.69-0.38
0.250.12-0.060.110.150.120.14-0.15-0.410.120.260.07-0.010.30.020.00.30.10.040.00.110.280.130.69-0.33
0.19-0.24-0.07-0.010.690.47-0.270.010.96-0.31-0.15-0.26-0.220.52-0.180.720.64-0.42-0.030.1-0.250.430.54-0.38-0.33
Click cells to compare fundamentals

NetApp Account Relationship Matchups

NetApp fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets10.0B9.8B9.9B10.8B12.4B6.4B
Other Current Liab878M810M973M1.1B1.2B1.3B
Net Debt(2.0B)(1.2B)73M749M674.1M707.8M
Accounts Payable607M392M517M511M587.7M617.0M
Cash4.1B2.3B1.9B2.7B3.2B2.0B
Net Receivables1.2B987M1.0B1.2B1.4B1.5B
Inventory114M204M167M186M213.9M224.6M
Other Current Assets377M456M452M573M659.0M691.9M
Total Liab9.2B8.7B8.7B9.8B11.3B11.8B
Total Current Assets5.9B4.7B4.9B5.9B6.7B4.1B
Short Term Debt297M47M440M790M908.5M953.9M
Common Stock760M945M997M1.1B1.3B825.8M
Other Liab2.4B2.6B2.8B2.6B2.9B3.1B
Other Assets535M694M991M1.2B1.4B1.4B
Good Will2.0B2.3B2.8B2.7B3.1B3.3B
Intangible Assets142M181M124M43M49.5M47.0M
Long Term Debt2.4B2.4B2.0B2.5B2.9B3.0B
Net Tangible Assets(1.6B)(1.5B)(1.7B)(1.8B)(1.6B)(1.5B)

NetApp Thematic Clasifications

NetApp Inc is part of SRI Sustainable Growth investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Large and mid-sized companies that operate under the guidelines of socially responsible investing - SRI. Socially responsible investments that include companies making a positive, sustainable or social impact and exclude those making a negative impact
SRI Sustainable GrowthView
This theme covers Large and mid-sized companies that operate under the guidelines of socially responsible investing - SRI. Socially responsible investments that include companies making a positive, sustainable or social impact and exclude those making a negative impact. Get More Thematic Ideas
Today, most investors in NetApp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various NetApp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of NetApp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.65

At this time, NetApp's Price Earnings To Growth Ratio is relatively stable compared to the past year.

NetApp March 4, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of NetApp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NetApp Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of NetApp Inc based on widely used predictive technical indicators. In general, we focus on analyzing NetApp Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NetApp's daily price indicators and compare them against related drivers.

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.