NetApp, Inc.
NTAP Technology Software Infrastructure
In the quarter to July 2026, revenue grew 29.9%, EPS grew 64.7%, free cash flow fell 35.3% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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NetApp, Inc. (NTAP) Free cash flow
NetApp, Inc.'s free cash flow for fiscal 2026 was $1.9B, up 39.7% from $1.3B in fiscal 2025. Over the twelve months to 31 July 2026 it was $1.7B. Over the past ten years it has ranged from $811.0M (fiscal 2017) to $1.9B (fiscal 2026) — the current reading is the highest in ten years. NetApp, Inc. ranks 9th of 169 Software Infrastructure companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2026 | $1.9B | 39.69% |
| FY2025 | $1.3B | (12.55%) |
| FY2024 | $1.5B | 76.27% |
| FY2023 | $868.0M | (11.88%) |
| FY2022 | $985.0M | (36.12%) |
| FY2021 | $1.5B | 49.42% |
| FY2020 | $1.0B | (11.64%) |
| FY2019 | $1.2B | (24.30%) |
| FY2018 | $1.5B | 90.26% |
| FY2017 | $811.0M | (11.46%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jul 2026 | $401.0M | (55.44%) |
| Apr 2026 | $900.0M | 232.10% |
| Jan 2026 | $271.0M | 247.44% |
| Oct 2025 | $78.0M | (87.42%) |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| XYZ Block, Inc. compare | $3.9B |
| NTAP NetApp, Inc. | $1.7B |
| VRSN VeriSign, Inc. compare | $1.1B |
| TWLO Twilio Inc. compare | $973.4M |
| OKTA Okta, Inc. compare | $958.0M |
| ZS Zscaler, Inc. compare | $779.1M |
| MDB MongoDB, Inc. compare | $659.0M |
| NBIS Nebius Group N.V. compare | −$5.9B |
| CRWV CoreWeave Inc. compare | −$13.7B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on NTAP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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