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NetApp, 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

170.57 17.10 −9.11%

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Market cap: $33.3B
P/E: 23.8×
Fwd P/E: 25.7×
Dividend yield: 1.22%
F-score: 9/9
Altman Z: 2.78
Beneish M: −2.74
Dividend safety: 93/100

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NetApp, Inc. (NTAP) Price to free cash flow

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As of 5 November 2026, NetApp, Inc. (NTAP) trades at a price to free cash flow of 20.3×. Over the past ten years it has ranged from 4.9× (January 2016) to 28.4× (October 2026); the current reading is higher than 98% of that period. That is above the Software Infrastructure industry median of 17.9× and above the Technology sector median of 18.7×.

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<iframe src="https://stockrow.com/embed/NTAP/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="NetApp, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NTAP/metrics/price-to-free-cash-flow">NetApp, Inc. (NTAP) price to free cash flow — stockrow.com</a></p>

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%

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

Low 4.9× High 28.4×

Ten-year median 13.2×

Current reading's percentile 98

Company	Price to free cash flow
NBIS Nebius Group N.V. compare	n/m
CRWV CoreWeave Inc. compare	n/m
XYZ Block, Inc. compare	14.7×
NTAP NetApp, Inc.	20.3×
CPAY Corpay, Inc. compare	22.2×
VRSN VeriSign, Inc. compare	27.5×
TWLO Twilio Inc. compare	28.2×
OKTA Okta, Inc. compare	31.3×
ZS Zscaler, Inc. compare	42.3×
Software Infrastructure industry median	17.9×
Technology sector median	18.7×
Market median	14.1×

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 →

NetApp, Inc. (NTAP) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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