NetApp Inc. | Large-cap | Technology
$104.20
3.69%
| NetApp Stock Comparison:
NetApp vs Arista NetworksNetApp vs Dell TechnologiesNetApp vs Seagate TechnologyNetApp vs Super MicroNetApp vs HPNetApp vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2025

Income Metrics

Revenue 6.6B
Gross Profit 4.6B 70.19%
Operating Income 1.4B 21.68%
Net Income 1.2B 18.05%
EPS (Diluted) $5.67

Balance Sheet Metrics

Total Assets 9.9B
Total Liabilities 8.7B
Shareholders Equity 1.1B
Debt to Equity 7.63

Cash Flow Metrics

Operating Cash Flow 1.7B
Free Cash Flow 1.5B

Revenue & Profitability Trend

NetApp Income Statement From 2021 to 2025

Metric 2025 2024 2023 2022 2021
Revenue 6.6B 6.3B 6.4B 6.3B 5.7B
Cost of Goods Sold 2.0B 1.8B 2.2B 2.1B 1.9B
Gross Profit 4.6B 4.4B 4.2B 4.2B 3.8B
Operating Expenses 3.2B 3.2B 3.0B 3.0B 2.9B
Operating Income 1.4B 1.3B 1.2B 1.2B 933.0M
Pre-tax Income 1.4B 1.3B 1.1B 1.1B 962.0M
Income Tax 197.0M 277.0M -208.0M 158.0M 232.0M
Net Income 1.2B 986.0M 1.3B 937.0M 730.0M
EPS (Diluted) $5.67 $4.63 $5.79 $4.09 $3.23

Income Statement Trend

NetApp Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 4.9B 4.7B 5.9B 6.0B 4.3B
Non-Current Assets 5.0B 5.1B 4.1B 3.4B 3.2B
Total Assets 9.9B 9.8B 10.0B 9.4B 7.5B
Liabilities
Current Liabilities 4.1B 3.5B 4.0B 3.5B 3.6B
Non-Current Liabilities 4.6B 5.2B 5.2B 5.2B 3.7B
Total Liabilities 8.7B 8.7B 9.2B 8.7B 7.3B
Equity
Total Shareholders Equity 1.1B 1.2B 838.0M 685.0M 242.0M

Balance Sheet Composition

NetApp Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income 986.0M 1.3B 937.0M 730.0M 819.0M
Operating Cash Flow 1.7B 1.3B 1.4B 1.4B 1.4B
Investing Activities
Capital Expenditures -155.0M -239.0M -226.0M 209.0M -28.0M
Investing Cash Flow -735.0M -1.4B -561.0M 21.0M 1.3B
Financing Activities
Dividends Paid -416.0M -432.0M -446.0M -427.0M -439.0M
Financing Cash Flow -1.4B -1.6B -1.1B -74.0M -2.1B
Free Cash Flow 1.5B 868.0M 985.0M 1.2B 936.0M

Cash Flow Trend

NetApp Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 18.11
Forward P/E 13.55
Price to Book 19.85
Price to Sales 3.13
PEG Ratio 13.55

Profitability Ratios

Profit Margin 18.05%
Operating Margin 22.75%
Return on Equity 108.51%
Return on Assets 8.60%

Financial Health

Current Ratio 1.26
Debt to Equity 335.67
Beta 1.41

Per Share Data

EPS (TTM) $5.67
Book Value per Share $5.17
Revenue per Share $32.22

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
ntap 20.6B 18.11 19.85 108.51% 18.05% 335.67
Arista Networks 108.3B 36.39 10.71 33.68% 40.72% 0.00
Dell Technologies 80.1B 18.53 -27.01 -331.07% 4.72% -9.80
Seagate Technology 28.2B 19.12 -35.19 -22.47% 17.49% -6.21
Super Micro 24.4B 22.22 3.83 20.06% 5.34% 41.51
HP 22.5B 9.20 -18.25 -209.75% 4.64% -9.34

Financial data is updated regularly. All figures are in the company's reporting currency.