NetApp (NTAP) FCF Margin (2009 - 2026)
NetApp (NTAP) recorded quarterly FCF Margin of 71.43% in Q2 2026, up 351.5% quarter-over-quarter from 15.82% in Q1 2026, and up 1145.0% year-on-year from 5.74% in Q2 2025.
NetApp (NTAP) FCF Margin (2009 - 2026) Analysis & Trends
NetApp has disclosed FCF Margin across 18 years of filings, most recently posting 71.43% for Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 1145.0% year-over-year to 71.43%; the trailing twelve-month figure through Apr 2026 stood at 29.97% (up 732.0% YoY), and the FY2026 full-year result was 29.97%, up 732.0% from the prior year.
- FCF Margin was 71.43% for Q2 2026 at NetApp, up from 15.82% in the prior quarter.
- Over five years, FCF Margin peaked at 71.43% in Q2 2026 and troughed at 3.62% in Q4 2024.
- The 5-year median for FCF Margin is 19.94% (2022), against an average of 24.45%.
- The sharpest annual moves came in 2022 and 2024: FCF Margin plunged 2436 bps in 2022, then soared 4125 bps in 2024.
- Year by year, FCF Margin stood at 8.24% in 2022, then decreased by 25 bps to 6.21% in 2023, then tumbled by 42 bps to 3.62% in 2024, then climbed by 26 bps to 4.57% in 2025, then soared by 1461 bps to 71.43% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 71.43% 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 | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 19.07% |
| 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 | 55.23% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 54.62% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 14.80% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 30.29% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 55.21% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 34.10% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 14.55% |
| 10 | NetApp | 32.80 Bn | 29.21 Bn | 1.37 Bn | 71.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 71.43% |
| Jan 23, 2026 | 15.82% |
| Oct 24, 2025 | 4.57% |
| Jul 25, 2025 | 39.77% |
| Apr 25, 2025 | 59.98% |
| 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% |