NetApp Financial Ratios
NASDAQ: NTAPTechnologyElectronic ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
NetApp ratio analysis
NetApp earned a net margin of 20.5% in FY 2026, up from 20.1% a year earlier. Gross margin was 78.5% compared with a median of 66.4% over the prior 9 years. Return on equity reached 94.4%, meaning NetApp generated 0.94 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.
Debt-to-equity stood at 1.84 versus 3.11 the year before, and the current ratio was 1.44. At the end of FY 2026, NTAP traded at 17.1 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 10.9 to 160.5, with a median of 17.5. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
NetApp financial ratios (annual)
| Ratio | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 17.12 | 15.60 | 21.89 | 10.86 | 17.91 | 23.12 | 12.23 | 15.94 | 160.48 | 23.30 |
| Price / sales | 3.47 | 3.05 | 3.73 | 2.15 | 2.59 | 2.89 | 1.83 | 2.97 | 3.05 | 2.00 |
| Price / book | 16.01 | 17.35 | 18.39 | 11.77 | 19.49 | 24.21 | 40.92 | 16.75 | 7.94 | 3.72 |
| Gross margin | 78.5% | 78.1% | 78.4% | 66.2% | 66.8% | 66.4% | 66.9% | 64.2% | 62.7% | 61.3% |
| Operating margin | 26.8% | 22.6% | 21.5% | 16.0% | 18.3% | 17.9% | 17.5% | 19.9% | 19.6% | 11.3% |
| Net margin | 20.5% | 20.1% | 17.4% | 20.0% | 14.8% | 12.7% | 15.1% | 19.0% | 2.0% | 8.8% |
| Free cash flow margin | 30.0% | 22.7% | 27.0% | 13.6% | 15.6% | 20.4% | 17.3% | 19.0% | 22.5% | 14.8% |
| Return on equity (ROE) | 94.4% | 114.0% | 86.0% | 109.9% | 111.8% | 106.6% | 338.4% | 107.2% | 5.1% | 16.3% |
| Return on assets (ROA) | 11.9% | 11.0% | 10.0% | 13.0% | 9.3% | 7.8% | 10.9% | 13.4% | 1.2% | 5.1% |
| Debt / equity | 1.84 | 3.11 | 2.09 | 2.06 | 3.15 | 3.84 | 6.89 | 1.64 | 0.85 | 0.51 |
| Current ratio | 1.44 | 1.26 | 1.19 | 1.35 | 1.50 | 1.74 | 1.18 | 1.45 | 1.97 | 1.50 |
| Revenue growth | 5.6% | 4.4% | -11.1% | 0.7% | 10.0% | 6.1% | -11.9% | 3.8% | 7.8% | -1.0% |
| EPS growth | 12.0% | 22.5% | -20.0% | 41.6% | 26.6% | -8.2% | -22.0% | 973.8% | -75.4% | 122.1% |