NetApp, Inc. NTAP
- Market cap
- $38.8B
- P/E
- 28.0×
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NetApp, Inc. (NTAP) Price to free cash flow
As of 25 September 2026, NetApp, Inc. (NTAP) trades at a price to free cash flow of 23.9×. Over the past ten years it has ranged from 4.9× (January 2016) to 24.6× (August 2026); the current reading is higher than 100% of that period. That is above the Software Infrastructure industry median of 17.1× and above the Technology sector median of 19.8×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2026 | 11.8× | (13.81%) |
| FY2025 | 13.7× | (1.52%) |
| FY2024 | 13.9× | (12.73%) |
| FY2023 | 15.9× | (4.96%) |
| FY2022 | 16.8× | 55.80% |
| FY2021 | 10.8× | 10.23% |
| FY2020 | 9.8× | (38.43%) |
| FY2019 | 15.8× | 37.00% |
| FY2018 | 11.6× | (15.08%) |
| FY2017 | 13.6× | 82.10% |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jul 2026 | 21.2× | 79.78% |
| Apr 2026 | 11.8× | (1.66%) |
| Jan 2026 | 12.0× | (14.24%) |
| Oct 2025 | 14.0× | 10.78% |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| CRWV CoreWeave Inc. compare | n/m |
| XYZ Block, Inc. compare | 11.8× |
| CPAY Corpay, Inc. compare | 15.9× |
| NTAP NetApp, Inc. | 23.9× |
| VRSN VeriSign, Inc. compare | 24.5× |
| OKTA Okta, Inc. compare | 35.5× |
| ZS Zscaler, Inc. compare | 39.8× |
| TWLO Twilio Inc. compare | 43.3× |
| MDB MongoDB, Inc. compare | 50.1× |
| Software Infrastructure industry median | 17.1× |
| Technology sector median | 19.8× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on NTAP
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- 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