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| Date | Value |
|---|---|
| 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 |