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
DateValue
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%