NetApp NTAP
NASDAQ NTAP
$184.74 -4.39 (-2.32%)
As of: Sep 9, 2026 · 3:59 PM EDT

NetApp (NTAP) FCF Margin (2009 - 2026)

NetApp (NTAP) posted FCF Margin of 19.8% for Q3 2026, down 57.14% on a QoQ basis from 46.2% in Q2 2026, and down 1997.0% year-over-year from 1.04% in Q3 2025.

Analysis

NetApp (NTAP) FCF Margin (2009 - 2026) Analysis & Trends

NetApp has reported FCF Margin for 18 years, with the latest figure at 19.8% in Q3 2026.

  • On a quarterly basis, FCF Margin fell 1997.0% year-over-year to 19.8% in Q3 2026; TTM through Jul 2026 was 22.32%, a 283.0% decrease from a year earlier, with the FY2026 full-year figure at 26.99%, up 663.0% from the prior year.
  • FCF Margin was 19.8% for Q3 2026 at NetApp, down from 46.2% in the prior quarter.
  • The five-year high for FCF Margin was 46.2% in Q2 2026, with the low at 3.62% in Q4 2024.
  • Average FCF Margin over 5 years is 20.63%, with a median of 19.8% recorded in 2026.
  • The sharpest annual moves came in 2024 and 2026: FCF Margin surged 2160 bps in 2024, then slumped 1997 bps in 2026.
  • Over 5 years, FCF Margin stood at 8.24% in 2022, then declined by 25 bps to 6.21% in 2023, then slumped by 42 bps to 3.62% in 2024, then rose by 26 bps to 4.57% in 2025, then soared by 333 bps to 19.8% in 2026.
  • The last three FCF Margin figures came in at 19.8% (Q3 2026), 46.2% (Q2 2026), and 15.82% (Q1 2026), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Dell Technologies 346.37 Bn 334.80 Bn 9.83 Bn 2.10%
2 Sandisk 258.86 Bn 254.09 Bn 7.58 Bn 79.01%
3 Arista Networks 243.00 Bn 229.66 Bn 1.91 Bn 34.70%
4 Seagate Technology Holdings 194.27 Bn 192.57 Bn 1.90 Bn 30.81%
5 Western Digital 166.08 Bn 164.50 Bn 2.03 Bn 34.19%
6 Hewlett Packard Enterprise 78.50 Bn 72.28 Bn 4.93 Bn 7.34%
7 NetApp 36.16 Bn 32.59 Bn 1.42 Bn 19.80%
8 Everpure 32.25 Bn 31.24 Bn 811.39 Mn -20.04%
9 Super Micro Computer 23.52 Bn 15.99 Bn 1.94 Bn 6.46%
10 Penguin Solutions 2.61 Bn 2.17 Bn 133.21 Mn -16.22%
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 19.80%
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 33.99%
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 16.09%