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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

172.59 3.21 +1.90%
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
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NetApp, Inc. (NTAP) Debt to equity

Alert me on Debt to equity

NetApp, Inc.'s debt to equity at the end of the quarter to 31 July 2026 was 1.7×, down 0.2× from fiscal 2026 (1.8×). Over the past ten years it has ranged from 0.4× (fiscal 2015) to 7.1× (fiscal 2020); the current reading is higher than 50% of that period. That is above the Software Infrastructure industry median of 0.0× and above the Technology sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 1.8× (40.82%)
FY2025 3.1× 49.03%
FY2024 2.1× (0.69%)
FY2023 2.1× (33.18%)
FY2022 3.1× (19.63%)
FY2021 3.9× (44.90%)
FY2020 7.1× 401.47%
FY2019 1.4× 67.40%
FY2018 0.8× 57.55%
FY2017 0.5× (33.85%)

Quarterly newest first

Period Debt to equity Change
Jul 2026 1.7× (9.60%)
Apr 2026 1.8× (14.25%)
Jan 2026 2.1× (14.85%)
Oct 2025 2.5× (1.08%)
43 more quarters

Against its own ten years

Low 0.4× High 7.1×
Ten-year median 2.0×
Current reading's percentile 50

Debt to equity against peers

Company Debt to equity
VRSN VeriSign, Inc. compare −0.8×
OKTA Okta, Inc. compare 0.0×
TWLO Twilio Inc. compare 0.1×
XYZ Block, Inc. compare 0.3×
ZS Zscaler, Inc. compare 0.7×
NBIS Nebius Group N.V. compare 0.8×
NTAP NetApp, Inc. 1.7×
CPAY Corpay, Inc. compare 1.8×
CRWV CoreWeave Inc. compare 7.0×
Software Infrastructure industry median 0.0×
Technology sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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