NetApp (NTAP) FCF Margin (2009 - 2026)
NetApp's FCF Margin came in at 19.80% for fiscal Q1 2027 (quarter ended Jul 31, 2026), down 19.97 percentage points from 39.77% a year earlier and down 26.40 percentage points from the prior quarter.
NetApp (NTAP) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, NetApp reported FCF Margin of 22.32%, down 2.83 percentage points year-over-year; for FY2026 (ended Apr 24, 2026), it came in at 26.99%, up 6.63 percentage points from FY2025.
- FCF Margin carries a five-year change of +6.60 percentage points (FY2021 to FY2026).
- Going back by fiscal year, FCF Margin was 20.36% in FY2025 (-4.05 pp), 24.41% in FY2024 (+10.77 pp), 13.64% in FY2023 (-1.95 pp) and 15.59% in FY2022 (-4.80 pp).
- The five-year range for quarterly FCF Margin is 3.62% (fiscal Q2 2025) to 46.20% (fiscal Q4 2026).
- Year-over-year, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of -0.15 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q4 2024 (a gain of 21.60 percentage points), and the weakest in fiscal Q1 2027 (a drop of 19.97 percentage points).
- Business Quant data shows NTAP's FCF Margin at 46.20% (Q4 2026), 15.82% (Q3 2026) and 4.57% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,982.68 Bn | 4,730.17 Bn | 54.77 Bn | 29.17% |
| 2 | Cisco Systems | 421.04 Bn | 356.97 Bn | 11.06 Bn | 28.96% |
| 3 | Dell Technologies | 360.24 Bn | 315.99 Bn | 9.83 Bn | 2.10% |
| 4 | Arista Networks | 260.49 Bn | 213.94 Bn | 1.91 Bn | 34.70% |
| 5 | Sandisk | 259.56 Bn | 248.08 Bn | 7.58 Bn | 79.01% |
| 6 | Seagate Technology Holdings | 207.93 Bn | 202.92 Bn | 1.90 Bn | 30.81% |
| 7 | Western Digital | 164.91 Bn | 153.04 Bn | 2.03 Bn | 34.19% |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 6.96% |
| 9 | Hewlett Packard Enterprise | 83.59 Bn | 61.47 Bn | 4.93 Bn | 7.34% |
| 10 | NetApp | 39.43 Bn | 22.24 Bn | 1.42 Bn | 19.80% |
Historic Data
| Date | Value |
|---|---|
| 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% |
NetApp FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=NTAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "NTAP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=NTAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();