NetApp (NTAP) FCF Margin (2009 - 2026)
NetApp (NTAP) posted quarterly FCF Margin of 71.43% for Q2 2026, up 1145.0% year-over-year from 5.74% in Q2 2025, and up 351.5% on a QoQ basis from 15.82% in Q1 2026.
NetApp (NTAP) FCF Margin (2009 - 2026) Analysis & Trends
NetApp (NTAP) has reported FCF Margin for 18 consecutive years, with 71.43% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin rose 1145.0% year-over-year to 71.43%; the TTM figure through Apr 2026 stood at 29.97% (up 732.0% YoY), while the FY2026 annual figure was 29.97%, up 732.0% from the prior year.
- FCF Margin came in at 71.43% for Q2 2026 at NetApp, up from 15.82% in the prior quarter.
- The five-year high for FCF Margin was 71.43% in Q2 2026, with the low at 3.62% in Q4 2024.
- Average FCF Margin over 5 years is 24.45%, with a median of 19.94% recorded in 2022.
- Across the five-year window, FCF Margin tumbled 2436 bps in 2022 and jumped 4125 bps in 2024, its largest moves.
- Year by year, FCF Margin stood at 8.24% in 2022, then retreated by 25 bps to 6.21% in 2023, then plunged by 42 bps to 3.62% in 2024, then advanced by 26 bps to 4.57% in 2025, then surged by 1461 bps to 71.43% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 71.43%, 15.82%, and 4.57% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 19.07% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 72.18% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 54.62% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 14.80% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 30.29% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 55.21% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 14.55% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 34.10% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 15.44% |
| 10 | NetApp | 31.12 Bn | 27.54 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% |