NetApp Key Ratios (2009-2026)

Reported Financials

NetApp Quarterly Ratios

Periods 69 quarters

Latest Jul 2026

NetApp reported a gross margin of 70.07% and a net margin of 18.52% for the quarter ended Jul 2026. These financial ratios cover 69 quarters of results from Jul 2009 through Jul 2026, standardized by Business Quant from the company’s SEC filings.

Ratios	Oct2021	Jan2022	Apr2022	Jul2022	Oct2022	Jan2023	Apr2023	Jul2023	Oct2023	Jan2024	Apr2024	Jul2024	Oct2024	Jan2025	Apr2025	Jul2025	Oct2025	Jan2026	Apr2026	Jul2026
Profitability
Gross Margin	67.62%	66.48%	64.82%	65.70%	65.36%	65.60%	67.99%	69.55%	71.06%	71.67%	70.50%	71.25%	70.99%	69.77%	68.88%	70.43%	71.96%	70.58%	70.07%	70.07%
EBT Margin	17.88%	18.96%	16.19%	16.96%	18.34%	11.60%	19.86%	12.99%	20.17%	23.79%	22.78%	19.40%	21.71%	22.55%	20.44%	19.50%	23.05%	25.28%	26.59%	23.90%
EBIT Margin	18.77%	19.89%	17.44%	16.02%	16.96%	11.27%	19.54%	12.43%	19.46%	22.79%	21.94%	18.30%	20.81%	22.06%	20.09%	19.82%	23.40%	25.34%	27.31%	23.90%
EBITDA Margin	21.71%	23.05%	20.48%	19.66%	20.51%	15.53%	23.72%	16.90%	23.56%	26.71%	25.78%	22.39%	24.61%	25.96%	23.15%	23.09%	26.45%	28.14%	29.83%	25.53%
Operating Margin	18.77%	19.89%	17.44%	16.02%	16.96%	11.27%	19.54%	12.43%	19.46%	22.79%	21.94%	18.30%	20.81%	22.06%	20.09%	19.82%	23.40%	25.34%	27.31%	23.90%
Net Margin	14.30%	15.61%	15.42%	13.44%	45.10%	4.26%	15.50%	10.41%	14.92%	19.49%	17.45%	16.09%	18.03%	18.22%	19.63%	14.95%	17.89%	19.50%	20.74%	18.52%
FCF Margin	16.09%	12.33%	20.42%	13.57%	8.24%	20.90%	12.40%	29.19%	6.21%	27.90%	33.99%	19.47%	3.62%	20.60%	36.95%	39.77%	4.57%	15.82%	46.20%	19.80%
Efficiency
Inventory AverageInventory Avg.	0.13B	0.16B	0.19B	0.22B	0.24B	0.21B	0.17B	0.15B	0.13B	0.13B	0.16B	0.20B	0.27B	0.29B	0.23B	0.16B	0.13B	0.12B	0.15B	0.29B
Assets AverageAssets Avg.	9.19B	9.36B	9.76B	9.79B	9.66B	9.74B	9.76B	9.54B	9.17B	9.22B	9.63B	9.60B	9.16B	9.00B	9.91B	10.25B	9.65B	9.80B	10.36B	10.85B
Equity AverageEquity Avg.	0.74B	0.82B	0.86B	0.75B	0.93B	1.15B	1.13B	1.02B	0.82B	0.88B	1.07B	1.04B	0.91B	0.94B	1.02B	1.01B	0.98B	1.07B	1.25B	1.42B
Invested CapitalInvested Cap.	3.39B	3.52B	3.47B	3.29B	3.59B	3.49B	3.55B	3.26B	3.16B	3.38B	3.54B	3.32B	2.88B	2.99B	4.28B	3.46B	3.47B	3.64B	3.84B	3.98B
Asset Utilization RatioAsset Util.	0.66	0.66	0.65	0.66	0.68	0.66	0.65	0.65	0.67	0.67	0.65	0.66	0.71	0.72	0.66	0.64	0.69	0.68	0.67	0.68
Leverage & Solvency
Interest Coverage RatioInterest Cover	16.33	16.89	16.28	14.17	16.59	10.75	19.31	11.13	20.27	21.53	3.27	17.63	23.00	30.17	16.57	10.66	15.35	16.69	19.00
Debt Ratio	0.29	0.28	0.26	0.28	0.24	0.25	0.24	0.26	0.26	0.26	0.24	0.26	0.22	0.22	0.30	0.26	0.26	0.25	0.23	0.23
Times Interest Earned	16.33	16.89	16.28	14.17	16.59	10.75	19.31	11.13	20.27	21.53	3.27	17.63	23.00	30.17	16.57	10.66	15.35	16.69	19.00
Valuation
Price to EarningsP/E	21.14	19.03	17.20	16.39	10.21	10.89	10.47	13.35	21.38	19.30	21.17	23.83	21.06	22.50	14.99	17.92	19.62	15.92	16.70	24.67
Price to SalesP/S	3.29	3.11	2.55	2.41	2.30	2.17	2.10	2.60	2.42	2.93	3.33	4.06	3.74	3.93	2.71	3.18	3.48	2.88	3.08	4.73
Price to BookP/B	26.24	21.84	19.23	23.67	12.53	12.73	11.50	18.49	19.21	18.25	18.21	27.84	27.18	25.71	17.09	21.53	23.42	16.66	15.77	23.40
Enterprise Value	15.37B	15.06B	13.04B	12.11B	12.03B	10.88B	10.26B	13.17B	12.17B	15.22B	17.62B	22.84B	22.02B	23.32B	13.93B	17.66B	20.08B	16.28B	17.72B	31.41B
EV to EBIT	12.23	11.42	11.27	10.41	10.45	10.86	10.08	13.99	12.64	13.16	14.52	17.33	16.20	17.21	10.42	12.95	14.16	10.93	10.59	16.99
EV to EBITDA	10.60	9.97	9.66	8.85	8.78	8.81	8.11	11.02	9.96	10.77	12.00	14.53	13.66	14.49	8.82	11.07	12.26	9.61	9.46	15.47
Market Capitalization	19.91B	19.26B	16.11B	15.55B	15.06B	14.03B	13.33B	16.14B	14.79B	18.14B	20.87B	25.86B	24.24B	25.58B	17.78B	20.99B	23.09B	19.29B	21.31B	34.99B
Price to FCFP/FCF	15.26	16.56	16.36	15.40	16.83	13.82	15.36	15.09	14.36	15.65	13.64	18.31	17.63	20.22	13.29	12.66	13.78	11.99	11.40	21.20
EV to FCF	11.77	12.95	13.24	11.99	13.44	10.72	11.82	12.31	11.82	13.13	11.52	16.18	16.01	18.43	10.41	10.65	11.98	10.12	9.48	19.04
EV to CFO	10.44	11.08	10.77	9.69	10.31	8.48	9.27	10.30	10.14	11.65	10.46	14.52	14.27	16.15	9.25	9.61	10.80	9.09	8.57	16.56
Return Ratios
Return on Sales [ROS]ROS	18.77%	19.89%	17.44%	16.02%	16.96%	11.27%	19.54%	12.43%	19.46%	22.79%	21.94%	18.30%	20.81%	22.06%	20.09%	19.82%	23.40%	25.34%	27.31%	23.90%
Return on Capital Employed [ROCE]ROCE	20.95%	22.71%	19.91%	18.73%	18.37%	15.77%	16.17%	14.95%	17.71%	21.21%	21.98%	25.91%	28.08%	28.22%	25.50%	20.41%	22.93%	24.01%	26.42%	29.44%
Return on Invested Capital [ROIC]ROIC	29.23%	30.69%	28.32%	28.91%	33.44%	28.31%	28.93%	27.63%	20.91%	27.76%	27.38%	30.30%	35.47%	37.23%	31.57%	29.75%	33.89%	34.20%	34.65%	36.68%
Return on Assets [ROA]ROA	10.25%	10.81%	9.60%	9.70%	15.27%	13.22%	13.05%	12.67%	7.55%	10.19%	10.24%	11.30%	12.57%	12.64%	11.97%	11.42%	12.19%	12.37%	12.32%	13.07%
Return on Equity [ROE]ROE	127.38%	123.34%	108.95%	126.96%	158.69%	111.81%	112.69%	119.00%	84.24%	106.58%	92.15%	104.58%	126.41%	120.51%	116.56%	116.23%	120.04%	113.06%	101.71%	99.65%

NetApp Ratios API

Pull NetApp's standardized financial statements into your own models, spreadsheets and apps with the Business Quant Financial Statements API. The request below follows the statement, frequency and period selected above. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/statements?ticker=NTAP&statement=Ratios&frequency=Quarter&period=all&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/statements"
params = {"ticker": "NTAP", "statement": "Ratios", "frequency": "Quarter", "period": "all", "api_key": "YOUR_API_KEY"}

data = requests.get(url, params=params).json()

const res = await fetch("https://data.businessquant.com/statements?ticker=NTAP&statement=Ratios&frequency=Quarter&period=all&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

NetApp NTAP Ratios (2009-2026)

NetApp Quarterly Ratios

NetApp Ratios API

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