NetApp, Inc. NTAP
201.15
3.91
1.98%
as of 25 Sep
- Market cap
- $38.8B
- P/E
- 28.0×
Follow NTAP
Indexes
indicate stock being part of an index,
Growth Flags
show if company had growth for consecutive years
NetApp, Inc. (NTAP) Gross margin
NetApp, Inc.'s gross margin over the twelve months to 31 July 2026 was 70.6%, down 0.1 percentage points from fiscal 2026 (70.7%). Over the past ten years it has ranged from 60.8% (fiscal 2016) to 70.7% (fiscal 2026) — the current reading is the highest in ten years. That is above the Software Infrastructure industry median of 61.2% and above the Technology sector median of 47.2%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 70.7% | 0.55 |
| FY2025 | 70.2% | (0.53) |
| FY2024 | 70.7% | 4.56 |
| FY2023 | 66.2% | (0.63) |
| FY2022 | 66.8% | 0.37 |
| FY2021 | 66.4% | (0.52) |
| FY2020 | 66.9% | 2.75 |
| FY2019 | 64.2% | 1.53 |
| FY2018 | 62.7% | 1.40 |
| FY2017 | 61.3% | 0.44 |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jul 2026 | 70.1% | 0.00 |
| Apr 2026 | 70.1% | (0.51) |
| Jan 2026 | 70.6% | (1.38) |
| Oct 2025 | 72.0% | 1.53 |
| 43 more quarters | Free account |
Against its own ten years
Low 60.8%
High 70.7%
Ten-year median
66.3%
Current reading's percentile
100
Gross margin against peers
| Company | Gross margin |
|---|---|
| CPAY Corpay, Inc. compare | 100.0% |
| VRSN VeriSign, Inc. compare | 88.5% |
| OKTA Okta, Inc. compare | 78.1% |
| ZS Zscaler, Inc. compare | 76.8% |
| MDB MongoDB, Inc. compare | 72.7% |
| NTAP NetApp, Inc. | 70.6% |
| CRWV CoreWeave Inc. compare | 67.4% |
| TWLO Twilio Inc. compare | 48.5% |
| XYZ Block, Inc. compare | 46.4% |
| Software Infrastructure industry median | 61.2% |
| Technology sector median | 47.2% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NTAP
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- 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
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement