NetApp (NTAP) Debt to Equity (2010 - 2026)

NetApp (NTAP) posted quarterly Debt to Equity of $1.84 for Q2 2026, down 40.82% year-over-year from $3.11 in Q2 2025, and down 14.25% on a QoQ basis from $2.15 in Q1 2026.

NetApp (NTAP) Debt to Equity (2010 - 2026) Analysis & Trends

NetApp (NTAP) has reported Debt to Equity for 17 consecutive years, with $1.84 the latest figure, recorded in Q2 2026.

  • In Q2 2026, Debt to Equity fell 40.82% year-over-year to $1.84; the TTM figure through Apr 2026 stood at $1.84 (down 40.82% YoY), while the FY2026 annual figure was $1.84, down 40.82% from the prior year.
  • Debt to Equity came in at $1.84 for Q2 2026 at NetApp, down from $2.15 in the prior quarter.
  • The five-year high for Debt to Equity was $4.01 in Q3 2022, with the low at $1.84 in Q2 2026.
  • Average Debt to Equity over 5 years is $2.54, with a median of $2.46 recorded in 2024.
  • Across the five-year window, Debt to Equity sank 45.74% in 2022 and soared 56.37% in 2023, its largest moves.
  • Year by year, Debt to Equity stood at $1.99 in 2022, then jumped by 56.37% to $3.11 in 2023, then fell by 28.05% to $2.23 in 2024, then increased by 12.84% to $2.52 in 2025, then slipped by 26.99% to $1.84 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $1.84, $2.15, and $2.52 for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 0.10
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 2.84
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn -
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn -
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 0.17
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 0.50
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 0.85
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 0.33
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 0.08
10 NetApp 31.12 Bn 27.54 Bn 1.37 Bn 1.84

Historic Data

Download Data
DateValue
Apr 24, 2026 1.84
Jan 23, 2026 2.15
Oct 24, 2025 2.52
Jul 25, 2025 2.55
Apr 25, 2025 3.11
Jan 24, 2025 2.00
Oct 25, 2024 2.23
Jul 26, 2024 2.58
Apr 26, 2024 2.09
Jan 26, 2024 2.41
Oct 27, 2023 3.11
Jul 28, 2023 2.74
Apr 28, 2023 2.06
Jan 27, 2023 2.17
Oct 28, 2022 1.99
Jul 29, 2022 4.01
Apr 29, 2022 3.15
Jan 28, 2022 2.99
Oct 29, 2021 3.47
Jul 30, 2021 3.66