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NetApp, Inc.

NTAP Technology Software Infrastructure

NetApp, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $6.9 billion, up 5.37% from fiscal 2025.

Revenue
+29.9%
EPS
+64.7%
Free cash flow
−35.3%
Total debt
+0.12%

Quarter to July 2026, against a year earlier

170.57 17.10 −9.11%
Market cap
$33.3B
P/E
23.8×
Fwd P/E
25.7×
Dividend yield
1.22%
F-score
9/9
Altman Z
2.78
Beneish M
−2.74
Dividend safety
93/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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NetApp, Inc. (NTAP) Current ratio

Alert me on 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 1.5× and below the Technology sector median of 1.9×.

Current ratio, annual

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Annual newest first

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 newest first

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
TWLO Twilio Inc. compare 4.5×
NBIS Nebius Group N.V. compare 4.0×
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×
CRWV CoreWeave Inc. compare 0.5×
VRSN VeriSign, Inc. compare 0.4×
Software Infrastructure industry median 1.5×
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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