NetApp (NTAP) Free Cash Flow (2009 - 2026)
NetApp (NTAP) recorded Free Cash Flow of $401 million in fiscal Q1 2027 (quarter ended Jul 31, 2026), down 35.3% from $620 million a year earlier and down 55.4% from the prior quarter.
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Analysis
NetApp (NTAP) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, NetApp's Free Cash Flow came in at $1.65 billion as of Jul 31, 2026, down 0.5% year-over-year; for FY2026 (ended Apr 24, 2026), it came in at $1.87 billion, up 39.7% from FY2025.
- Annual Free Cash Flow has a five-year compound annual growth rate of 9.8% (FY2021 to FY2026).
- Across earlier fiscal years, Free Cash Flow came in at $1.34 billion in FY2025 (-12.5%), $1.53 billion in FY2024 (+76.3%), $868 million in FY2023 (-11.9%) and $985 million in FY2022 (-15.9%).
- Quarterly Free Cash Flow has ranged from $60 million in fiscal Q2 2025 to $900 million in fiscal Q4 2026 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in four of the last eight quarters, with growth averaging 9.0%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 189.3% in fiscal Q4 2024, against a decline of 45.6% in fiscal Q2 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $900 million (Q4 2026), $271 million (Q3 2026) and $78 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,034.23 Bn | 4,781.72 Bn | 54.77 Bn | 31.91 Bn |
| 2 | Cisco Systems | 424.39 Bn | 360.32 Bn | 11.06 Bn | 5.00 Bn |
| 3 | Dell Technologies | 291.31 Bn | 247.06 Bn | 9.83 Bn | 986.00 Mn |
| 4 | Arista Networks | 223.20 Bn | 176.66 Bn | 1.91 Bn | 1.05 Bn |
| 5 | Sandisk | 191.14 Bn | 179.66 Bn | 7.58 Bn | 7.08 Bn |
| 6 | Sony | 148.92 Bn | 86.18 Bn | 6.53 Bn | 2.10 Bn |
| 7 | Seagate Technology Holdings | 140.06 Bn | 135.06 Bn | 1.90 Bn | 1.12 Bn |
| 8 | Western Digital | 114.98 Bn | 103.11 Bn | 2.03 Bn | 1.28 Bn |
| 9 | Hewlett Packard Enterprise | 74.13 Bn | 52.01 Bn | 4.93 Bn | 896.00 Mn |
| 10 | NetApp | 39.96 Bn | 22.78 Bn | 1.42 Bn | 401.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 401.00 Mn |
| Apr 24, 2026 | 900.00 Mn |
| Jan 23, 2026 | 271.00 Mn |
| Oct 24, 2025 | 78.00 Mn |
| Jul 25, 2025 | 620.00 Mn |
| Apr 25, 2025 | 640.00 Mn |
| Jan 24, 2025 | 338.00 Mn |
| Oct 25, 2024 | 60.00 Mn |
| Jul 26, 2024 | 300.00 Mn |
| Apr 26, 2024 | 567.00 Mn |
| Jan 26, 2024 | 448.00 Mn |
| Oct 27, 2023 | 97.00 Mn |
| Jul 28, 2023 | 418.00 Mn |
| Apr 28, 2023 | 196.00 Mn |
| Jan 27, 2023 | 319.00 Mn |
| Oct 28, 2022 | 137.00 Mn |
| Jul 29, 2022 | 216.00 Mn |
| Apr 29, 2022 | 343.00 Mn |
| Jan 28, 2022 | 199.00 Mn |
| Oct 29, 2021 | 252.00 Mn |
API Access
NetApp Free Cash Flow 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=free-cash-flow&ticker=NTAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=NTAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();