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

NetApp, Inc. (NTAP) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, NetApp, Inc. (NTAP) trades at a EV/EBITDA of 15.9×. Over the past ten years it has ranged from 3.8× (January 2016) to 22.5× (October 2026); the current reading is higher than 94% of that period. That is above the Software Infrastructure industry median of 14.5× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2026 11.6× 3.36%
FY2025 11.2× (19.34%)
FY2024 13.9× 33.32%
FY2023 10.4× (6.21%)
FY2022 11.1× (6.25%)
FY2021 11.8× 51.41%
FY2020 7.8× (31.30%)
FY2019 11.4× 4.74%
FY2018 10.9× 20.92%
FY2017 9.0× 45.07%

Quarterly newest first

Period EV/EBITDA Change
Jul 2026 16.7× 44.16%
Apr 2026 11.6× 0.45%
Jan 2026 11.5× (20.21%)
Oct 2025 14.4× 10.55%
43 more quarters

Against its own ten years

Low 3.8× High 22.5×
Ten-year median 11.1×
Current reading's percentile 94

EV/EBITDA against peers

Company EV/EBITDA
CPAY Corpay, Inc. compare 9.9×
CRWV CoreWeave Inc. compare 13.7×
NTAP NetApp, Inc. 15.9×
VRSN VeriSign, Inc. compare 25.2×
TWLO Twilio Inc. compare 49.2×
OKTA Okta, Inc. compare 57.4×
ZS Zscaler, Inc. compare 119×
XYZ Block, Inc. compare 136×
NBIS Nebius Group N.V. compare 243×
Software Infrastructure industry median 14.5×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on NTAP