stockrowNetApp, 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
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NetApp, Inc. (NTAP) Free cash flow margin
NetApp, Inc.'s free cash flow margin over the twelve months to 31 July 2026 was 22.3%, down 4.7 percentage points from fiscal 2026 (27.0%). Over the past ten years it has ranged from 13.6% (fiscal 2023) to 27.0% (fiscal 2026) — the current reading is the highest in ten years. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.67%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2026 | 27.0% | 6.63 |
| FY2025 | 20.4% | (4.05) |
| FY2024 | 24.4% | 10.77 |
| FY2023 | 13.6% | (1.95) |
| FY2022 | 15.6% | (11.26) |
| FY2021 | 26.9% | 7.78 |
| FY2020 | 19.1% | 0.07 |
| FY2019 | 19.0% | (7.07) |
| FY2018 | 26.1% | 11.30 |
| FY2017 | 14.8% | (1.75) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| VRSN VeriSign, Inc. compare | 59.1% |
| OKTA Okta, Inc. compare | 31.2% |
| CPAY Corpay, Inc. compare | 25.5% |
| ZS Zscaler, Inc. compare | 23.2% |
| NTAP NetApp, Inc. | 22.3% |
| TWLO Twilio Inc. compare | 19.2% |
| XYZ Block, Inc. compare | 13.5% |
| CRWV CoreWeave Inc. compare | −179.9% |
| NBIS Nebius Group N.V. compare | −433.8% |
| Software Infrastructure industry median | 0.00% |
| Technology sector median | 0.67% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
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