NetApp (NTAP) FCF Margin (2009 - 2026)
NetApp (NTAP) posted quarterly FCF Margin of 46.2% for Q2 2026, up 925.0% year-over-year from 4.51% in Q2 2025, and up 192.04% quarter-over-quarter from 15.82% in Q1 2026.
NetApp (NTAP) FCF Margin (2009 - 2026) Analysis & Trends
NetApp's FCF Margin history runs 18 years deep, the most recent figure standing at 46.2% for Q2 2026.
- In Q2 2026, FCF Margin rose 925.0% year-over-year to 46.2%; the TTM figure through Apr 2026 stood at 26.99% (up 663.0% YoY), while the FY2026 annual figure was 26.99%, up 663.0% from the prior year.
- FCF Margin for Q2 2026 stood at 46.2%, up from 15.82% in the prior quarter.
- The five-year high for FCF Margin was 53.64% in Q2 2024, with the low at 3.62% in Q4 2024.
- The 5-year median for FCF Margin is 19.94% (2022), against an average of 21.77%.
- The sharpest annual moves came in 2022 and 2024: FCF Margin sank 2436 bps in 2022, then soared 4125 bps in 2024.
- NetApp's FCF Margin stood at 8.24% in 2022, then slipped by 25 bps to 6.21% in 2023, then slumped by 42 bps to 3.62% in 2024, then grew by 26 bps to 4.57% in 2025, then soared by 910 bps to 46.2% in 2026.
- Business Quant data shows NTAP's FCF Margin at 46.2% in Q2 2026, 15.82% in Q1 2026, and 4.57% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 21.82% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -9.76% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 62.08% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 26.25% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 47.15% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 9.71% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 32.19% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -223.03% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | -114.17% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 46.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 46.20% |
| Jan 23, 2026 | 15.82% |
| Oct 24, 2025 | 4.57% |
| Jul 25, 2025 | 39.77% |
| Apr 25, 2025 | 36.95% |
| Jan 24, 2025 | 20.60% |
| Oct 25, 2024 | 3.62% |
| Jul 26, 2024 | 19.47% |
| Apr 26, 2024 | 53.64% |
| Jan 26, 2024 | 27.90% |
| Oct 27, 2023 | 6.21% |
| Jul 28, 2023 | 29.19% |
| Apr 28, 2023 | 12.40% |
| Jan 27, 2023 | 20.90% |
| Oct 28, 2022 | 8.24% |
| Jul 29, 2022 | 13.57% |
| Apr 29, 2022 | 20.42% |
| Jan 28, 2022 | 12.33% |
| Oct 29, 2021 | 32.60% |
| Jul 30, 2021 | 13.10% |