NetApp, Inc. NTAP

201.15 3.91 1.98% as of 25 Sep
Market cap
$38.8B
P/E
28.0×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 4.9× High 24.6×
Ten-year median 13.1×
Current reading's percentile 100

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)))

The full definition of Price to free cash flow →

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