NetApp (NTAP) Return on Invested Capital [ROIC] (2011 - 2026)
NetApp (NTAP) reported Return on Invested Capital [ROIC] of 36.68% for fiscal Q1 2027 (quarter ended Jul 31, 2026), up 6.92 percentage points from 29.75% a year earlier and up 2.03 percentage points from the prior quarter.
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Analysis
NetApp (NTAP) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2026 (ended Apr 24, 2026), NetApp posted Return on Invested Capital [ROIC] of 31.95%, up 2.60 percentage points from FY2025.
- Return on Invested Capital [ROIC] has a five-year change of +2.02 percentage points (FY2021 to FY2026).
- By fiscal year, Return on Invested Capital [ROIC] came in at 29.35% in FY2025 (+2.60 pp), 26.75% in FY2024 (-2.24 pp), 28.99% in FY2023 (-0.16 pp) and 29.16% in FY2022 (-0.78 pp).
- The fiscal Q1 2027 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since fiscal Q3 2025.
- Year over year, Return on Invested Capital [ROIC] gained in five of the last eight quarters, with an average year-over-year change of +4.13 percentage points.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was fiscal Q2 2025 (a gain of 14.55 percentage points); the low point was fiscal Q2 2024 (a drop of 12.53 percentage points).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at 34.65% (Q4 2026), 34.20% (Q3 2026) and 33.89% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,982.68 Bn | 4,730.17 Bn | 54.77 Bn | 66.86% |
| 2 | Cisco Systems | 421.04 Bn | 356.97 Bn | 11.06 Bn | 15.92% |
| 3 | Dell Technologies | 360.24 Bn | 315.99 Bn | 9.83 Bn | 37.37% |
| 4 | Arista Networks | 260.49 Bn | 213.94 Bn | 1.91 Bn | - |
| 5 | Sandisk | 259.56 Bn | 248.08 Bn | 7.58 Bn | 73.74% |
| 6 | Seagate Technology Holdings | 207.93 Bn | 202.92 Bn | 1.90 Bn | 66.09% |
| 7 | Western Digital | 164.91 Bn | 153.04 Bn | 2.03 Bn | 40.01% |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 12.73% |
| 9 | Hewlett Packard Enterprise | 83.59 Bn | 61.47 Bn | 4.93 Bn | 5.57% |
| 10 | NetApp | 39.43 Bn | 22.24 Bn | 1.42 Bn | 36.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 36.68% |
| Apr 24, 2026 | 34.65% |
| Jan 23, 2026 | 34.20% |
| Oct 24, 2025 | 33.89% |
| Jul 25, 2025 | 29.75% |
| Apr 25, 2025 | 31.57% |
| Jan 24, 2025 | 37.23% |
| Oct 25, 2024 | 35.47% |
| Jul 26, 2024 | 30.30% |
| Apr 26, 2024 | 27.38% |
| Jan 26, 2024 | 27.76% |
| Oct 27, 2023 | 20.91% |
| Jul 28, 2023 | 27.63% |
| Apr 28, 2023 | 28.93% |
| Jan 27, 2023 | 28.31% |
| Oct 28, 2022 | 33.44% |
| Jul 29, 2022 | 28.91% |
| Apr 29, 2022 | 28.32% |
| Jan 28, 2022 | 30.69% |
| Oct 29, 2021 | 29.23% |
API Access
NetApp Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=NTAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=NTAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();