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| 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 |