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

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

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

NetApp has disclosed Debt to Equity across 17 years of filings, most recently posting $1.84 for Q2 2026.

  • For the quarter ending Q2 2026, Debt to Equity fell 40.82% year-over-year to $1.84; the trailing twelve-month figure through Apr 2026 stood at $1.84 (down 40.82% YoY), and the FY2026 full-year result was $1.84, down 40.82% from the prior year.
  • Debt to Equity was $1.84 for Q2 2026 at NetApp, down from $2.15 in the prior quarter.
  • Over five years, Debt to Equity peaked at $4.01 in Q3 2022 and troughed at $1.84 in Q2 2026.
  • The 5-year median for Debt to Equity is $2.46 (2024), against an average of $2.54.
  • The sharpest annual moves came in 2022 and 2023: Debt to Equity slumped 45.74% in 2022, then surged 56.37% in 2023.
  • Year by year, Debt to Equity stood at $1.99 in 2022, then surged by 56.37% to $3.11 in 2023, then retreated by 28.05% to $2.23 in 2024, then rose by 12.84% to $2.52 in 2025, then dropped by 26.99% to $1.84 in 2026.
  • Per Business Quant data, the three most recent Debt to Equity figures were $1.84 in Q2 2026, $2.15 in Q1 2026, and $2.52 in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 0.10
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn -
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 3.24
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn -
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn -
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn 0.17
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 0.50
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 0.33
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn 0.85
10 NetApp 32.80 Bn 29.21 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