NetApp, Inc. NTAP

201.15 3.91 1.98% as of 25 Sep
Market cap
$38.8B
P/E
28.0×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

NetApp, Inc. (NTAP) Current ratio

NetApp, Inc.'s current ratio at the end of the quarter to 31 July 2026 was 1.2×, down 0.2× from fiscal 2026 (1.4×). Over the past ten years it has ranged from 1.2× (fiscal 2020) to 2.5× (fiscal 2015); the current reading is higher than 42% of that period. That is below the Software Infrastructure industry median of 1.6× and below the Technology sector median of 1.9×.

Current ratio, annual

Annual

Period Current ratio Change
FY2026 1.4× 14.46%
FY2025 1.3× 5.23%
FY2024 1.2× (11.65%)
FY2023 1.3× (10.24%)
FY2022 1.5× (13.49%)
FY2021 1.7× 47.07%
FY2020 1.2× (18.52%)
FY2019 1.5× (26.32%)
FY2018 2.0× 30.94%
FY2017 1.5× (14.61%)

Quarterly

Period Current ratio Change
Jul 2026 1.2× (13.56%)
Apr 2026 1.4× 3.34%
Jan 2026 1.4× 3.65%
Oct 2025 1.3× 2.12%
43 more quarters

Against its own ten years

Low 1.2× High 2.5×
Ten-year median 1.5×
Current reading's percentile 42

Current ratio against peers

Company Current ratio
MDB MongoDB, Inc. compare 4.9×
TWLO Twilio Inc. compare 4.6×
XYZ Block, Inc. compare 2.2×
ZS Zscaler, Inc. compare 1.7×
OKTA Okta, Inc. compare 1.5×
NTAP NetApp, Inc. 1.2×
CPAY Corpay, Inc. compare 1.0×
VRSN VeriSign, Inc. compare 0.6×
CRWV CoreWeave Inc. compare 0.5×
Software Infrastructure industry median 1.6×
Technology sector median 1.9×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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