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Saturday 17 October 2026 Export NTAP’s income statement to Excel — free account

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.

203.80 10.90 −5.08%
Market cap
$42.2B
P/E
28.4×
Fwd P/E
23.4×
Dividend yield
1.02%
F-score
9/9
Altman Z
2.78
Beneish M
−2.74
Dividend safety
93/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

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

Alert me on Price to free cash flow

As of 16 October 2026, NetApp, Inc. (NTAP) trades at a price to free cash flow of 24.2×. Over the past ten years it has ranged from 4.9× (January 2016) to 28.4× (October 2026); the current reading is higher than 99% of that period. That is above the Software Infrastructure industry median of 16.3× and above the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

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 newest first

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 28.4×
Ten-year median 13.2×
Current reading's percentile 99

Price to free cash flow against peers

Company Price to free cash flow
NBIS Nebius Group N.V. compare n/m
CRWV CoreWeave Inc. compare n/m
XYZ Block, Inc. compare 12.0×
NTAP NetApp, Inc. 24.2×
VRSN VeriSign, Inc. compare 25.8×
OKTA Okta, Inc. compare 34.1×
TWLO Twilio Inc. compare 38.4×
MDB MongoDB, Inc. compare 41.2×
ZS Zscaler, Inc. compare 42.6×
Software Infrastructure industry median 16.3×
Technology sector median 20.0×
Market median 14.2×

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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