NetApp (NTAP) Return on Capital Employed [ROCE] (2010 - 2026)
NetApp's Return on Capital Employed [ROCE] was 29.44% in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 9.02 percentage points from 20.41% a year earlier and up 3.02 percentage points from the prior quarter.
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Analysis
NetApp (NTAP) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2026 (ended Apr 24, 2026), Return on Capital Employed [ROCE] at NetApp came in at 24.75%, up 1.27 percentage points from FY2025.
- Return on Capital Employed [ROCE] has now increased for three consecutive fiscal years, with a five-year change of +4.09 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Return on Capital Employed [ROCE] was 23.48% in FY2025 (+2.36 pp), 21.13% in FY2024 (+5.36 pp), 15.77% in FY2023 (-4.39 pp) and 20.16% in FY2022 (-0.51 pp).
- The fiscal Q1 2027 figure marks the highest quarterly Return on Capital Employed [ROCE] in data going back to fiscal Q1 2011.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in five of the last eight quarters, with an average year-over-year change of +2.00 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was fiscal Q1 2025 (a gain of 10.96 percentage points); the worst was fiscal Q3 2023 (a drop of 6.93 percentage points).
- Per Business Quant data, NTAP's Return on Capital Employed [ROCE] in the three fiscal quarters before Q1 2027 was 26.42% (Q4 2026), 24.01% (Q3 2026) and 22.93% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,982.68 Bn | 4,730.17 Bn | 54.77 Bn | 67.97% |
| 2 | Cisco Systems | 421.04 Bn | 356.97 Bn | 11.06 Bn | 17.86% |
| 3 | Dell Technologies | 360.24 Bn | 315.99 Bn | 9.83 Bn | 38.06% |
| 4 | Arista Networks | 260.49 Bn | 213.94 Bn | 1.91 Bn | 28.65% |
| 5 | Sandisk | 259.56 Bn | 248.08 Bn | 7.58 Bn | 87.19% |
| 6 | Seagate Technology Holdings | 207.93 Bn | 202.92 Bn | 1.90 Bn | 64.93% |
| 7 | Western Digital | 164.91 Bn | 153.04 Bn | 2.03 Bn | 43.60% |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 14.81% |
| 9 | Hewlett Packard Enterprise | 83.59 Bn | 61.47 Bn | 4.93 Bn | 5.09% |
| 10 | NetApp | 39.43 Bn | 22.24 Bn | 1.42 Bn | 29.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 29.44% |
| Apr 24, 2026 | 26.42% |
| Jan 23, 2026 | 24.01% |
| Oct 24, 2025 | 22.93% |
| Jul 25, 2025 | 20.41% |
| Apr 25, 2025 | 25.50% |
| Jan 24, 2025 | 28.22% |
| Oct 25, 2024 | 28.08% |
| Jul 26, 2024 | 25.91% |
| Apr 26, 2024 | 21.98% |
| Jan 26, 2024 | 21.21% |
| Oct 27, 2023 | 17.71% |
| Jul 28, 2023 | 14.95% |
| Apr 28, 2023 | 16.17% |
| Jan 27, 2023 | 15.77% |
| Oct 28, 2022 | 18.37% |
| Jul 29, 2022 | 18.73% |
| Apr 29, 2022 | 19.91% |
| Jan 28, 2022 | 22.71% |
| Oct 29, 2021 | 20.95% |
API Access
NetApp Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=NTAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=NTAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();