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

NetApp, Inc.

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%

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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

Insider Decisions trades per month

Total sells 45.25

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	2	1	2	1	1	2	4	1	2	7	4

Insider Ownership 0.12%

Capital & Financial Ratios $m

Market Cap 42,170.00

Revenue 7,391.00

Net Income 1,418.00

Free Cash Flow 1,650.00

Net Debt (1,088.00)

Current Ratio 1.24

Debt/Equity 1.66

P/E ratio 28.38

Fwd P/E 23.40

P/S ratio 5.40

P/B ratio 26.72

Past 5Y EPS Growth 14.48%

This Y EPS Growth 22.99%

Next Y EPS Growth 11.32%

Next Y revenue growth 18.14%

Next 5Y EPS Growth 15.38%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 82.88%

10-year low 10-year high

P/S against its own 10 years 99.34%

10-year low 10-year high

P/B against its own 10 years 80.39%

10-year low 10-year high

EV/Sales against its own 10 years 99.34%

10-year low 10-year high

EV/FCF against its own 10 years 99.34%

10-year low 10-year high

Dividends

Payout Ratio 0.29

Annual Dividend Rate 2.08

Annual Dividend Yield 1.02%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	2.08	0.52 0.52 0.52 0.52
2025	2.08	0.52 0.52 0.52 0.52
2024	2.04	0.50 0.50 0.52 0.52
2023	2.00	0.50 0.50 0.50 0.50
2022	2.00	0.50 0.50 0.50 0.50
2021	1.96	0.48 0.48 0.50 0.50
2020	1.92	0.48 0.48 0.48 0.48
2019	1.76	0.40 0.40 0.48 0.48
2018	1.20	0.20 0.20 0.40 0.40
2017	0.78	0.19 0.19 0.20 0.20
2016	0.74	0.18 0.18 0.19 0.19

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	3,252	3,846	3,584	3,576
Receivables	1,007	1,246	1,286	966
Inventory	186	186	198	375
Other	452	573	708	755
	4,897	5,851	5,776	5,672

	2024	2025	2026	Q'26
Payables	517	511	550	566
ST’ Debt	400	750	—	550
Other	—	—	—	—
	4,106	4,662	4,021	4,568

Compound Annual Growth %

	10y	5y	3y
Sales	2.25%	3.81%	2.87%
Cash Flow	7.81%	9.17%	23.14%
Earnings	18.74%	11.82%	0.05%
Book Value	(7.29%)	14.55%	5.24%

Revenue $m

	Jul	Oct	Jan	Apr	Year
’26	2,025	—	—	—	—
’26	1,559	1,705	1,713	1,948	6,925
’25	1,541	1,658	1,641	1,732	6,572
’24	1,432	1,562	1,606	1,668	6,268
’23	1,592	1,663	1,526	1,581	6,362
’22	1,458	1,566	1,614	1,680	6,318
’21	1,303	1,416	1,470	1,555	5,744

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jul	Oct	Jan	Apr	Year
’26	503	—	—	—	—
’26	673	127	317	950	2,067
’25	341	105	385	675	1,506
’24	453	135	484	613	1,685
’23	281	214	377	235	1,107
’22	242	298	260	411	1,211
’21	240	161	373	559	1,333

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jul	Oct	Jan	Apr	Year
’26	401	—	—	—	—
’26	620	78	271	900	1,869
’25	300	60	338	640	1,338
’24	418	97	448	567	1,530
’23	216	137	319	196	868
’22	191	252	199	343	985
’21	194	121	341	886	1,542

Fiscal quarters ending in the months shown.

EPS $

	Jul	Oct	Jan	Apr	Year
’26	1.88	—	—	—	—
’26	1.15	1.51	1.67	2.03	6.35
’25	1.17	1.42	1.44	1.65	5.67
’24	0.69	1.10	1.48	1.37	4.63
’23	0.96	3.41	0.30	1.13	5.79
’22	0.88	0.98	1.10	1.14	4.09
’21	0.35	0.61	0.80	1.46	3.23

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	35.08	52.00	44.55	34.66	58.83	58.08	59.73	83.62	71.84	93.69	Analyst estimates 2027–2029 Powerpack
	High	58.99	88.08	78.35	67.63	94.69	96.82	91.78	135.45	127.78	240.87
People
People	Employees	10,100	10,300	10,500	10,800	11,000	12,000	12,000	11,800	11,700	11,700
	Revenue/emp, $m	0.54	0.57	0.59	0.50	0.52	0.53	0.53	0.53	0.56	0.59
Income, $m
Income, $m	Revenue	5,491	5,919	6,146	5,412	5,744	6,318	6,362	6,268	6,572	6,925
	Gross margin, %	61.26	62.66	64.19	66.94	66.42	66.79	66.16	70.72	70.19	70.74
	EBT	621	1,199	1,268	944	962	1,095	1,066	1,263	1,383	1,648
	EBT margin, %	11.31	20.26	20.63	17.44	16.75	17.33	16.76	20.15	21.04	23.80
	Net income	481	116	1,169	819	730	937	1,274	986	1,186	1,276
	Depreciation	226	198	197	193	207	194	248	255	243	200
Per share, $
Per share, $	Revenue	19.97	22.09	24.20	23.53	25.87	28.33	29.32	30.13	32.22	34.80
	Earnings	1.85	0.43	4.60	3.56	3.29	4.20	5.87	4.74	5.81	6.41
	Cash flow	3.59	5.51	5.28	4.61	6.00	5.43	5.10	8.10	7.38	10.39
	Capex	(0.64)	0.24	(0.68)	(0.12)	0.94	(1.01)	(1.10)	(0.75)	(0.82)	(0.99)
	Free cash flow	2.95	5.76	4.60	4.49	6.95	4.42	4.00	7.36	6.56	9.39
	Book value	10.11	8.49	4.29	1.05	3.09	3.76	5.34	5.51	5.10	6.79
	Shares, m	275	268	254	230	222	223	217	208	204	199
Valuation, ×
Valuation, ×	P/E	21.71	237.79	15.73	12.23	22.70	17.58	10.83	21.52	15.45	17.23
	P/S	2.01	3.01	3.01	1.86	2.89	2.61	2.17	3.39	2.79	3.18
	P/B	3.97	7.84	16.98	41.60	24.21	19.69	11.92	18.55	17.60	16.32
	EV/Sales	1.39	2.49	2.63	1.65	2.55	2.37	2.07	3.25	2.69	3.13
	EV/FCF	9.39	9.56	13.83	8.63	9.51	15.23	15.19	13.33	13.23	11.61
Cash, $m
Cash, $m	Operating cash flow	986	1,478	1,341	1,060	1,333	1,211	1,107	1,685	1,506	2,067
	Capex	(175)	65	(173)	(28)	209	(226)	(239)	(155)	(168)	(198)
	Free cash flow	811	1,543	1,168	1,032	1,542	985	868	1,530	1,338	1,869
Balance, $m
Balance, $m	Working capital	2,076	3,421	1,743	658	2,549	1,992	1,213	791	1,189	1,755
	Total debt	1,493	1,926	1,544	1,719	2,681	2,636	2,436	2,392	3,235	2,487
	Net debt	(3,428)	(3,465)	(2,355)	(1,163)	(1,915)	(1,498)	(634)	(860)	(611)	(1,097)
	Shareholders’ equity	2,780	2,276	1,090	242	685	838	1,159	1,146	1,040	1,351
Returns, %
Returns, %	ROA	4.93	1.19	12.48	10.07	8.65	9.67	12.84	10.01	11.45	11.83
	ROIC	0.00	0.00	0.00	0.00	0.00	0.00	121.19	265.30	194.78	411.91
	ROE	16.99	4.59	69.46	122.97	157.50	123.05	127.59	85.55	108.51	106.73

Negative figures in brackets.

All 10 years →

Fiscal years to Apr 2026 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NBIS Nebius Group N.V.	$51.2B	636×	34.8×	+454.04% (above 0%: growing)	n/m	−399.28% (below 0%: shrinking)	77.06%	(30.21%)	Compare
XYZ Block, Inc.	$48.0B	134×	29.7×	+9.30% (above 0%: growing)	−82.95% (below 0%: shrinking)	+181.80% (above 0%: growing)	47.84%	6.75%	Compare
NTAP NetApp, Inc.	$42.2B	28.4×	23.4×	+29.89% (above 0%: growing)	+64.66% (above 0%: growing)	−35.32% (below 0%: shrinking)	70.07%	23.90%
TWLO Twilio Inc.	$42.0B	32.5×	107×	+22.03% (above 0%: growing)	+4,560.00% (above 0%: growing)	+32.18% (above 0%: growing)	48.42%	5.64%	Compare
CRWV CoreWeave Inc.	$38.4B	— (loss-making)	— (loss-making)	+112.46% (above 0%: growing)	n/m	−112.39% (below 0%: shrinking)	65.86%	(1.90%)	Compare
OKTA Okta, Inc.	$36.5B	111×	72.2×	+10.58% (above 0%: growing)	+76.32% (above 0%: growing)	+38.89% (above 0%: growing)	79.63%	13.29%	Compare
ZS Zscaler, Inc.	$35.9B	— (loss-making)	— (loss-making)	+24.88% (above 0%: growing)	n/m	−64.66% (below 0%: shrinking)	76.73%	(1.72%)	Compare
MDB MongoDB, Inc.	$29.5B	456×	2,423×	+30.50% (above 0%: growing)	n/m	+94.79% (above 0%: growing)	73.83%	3.68%	Compare
VRSN VeriSign, Inc.	$27.5B	32.8×	31.1×	+6.03% (above 0%: growing)	+7.69% (above 0%: growing)	+9.30% (above 0%: growing)	88.50%	68.18%	Compare
Median of peers	$37.4B	122×	53.5×	+23.45%	+42.01%	+20.74%	75.28%	4.66%

All 173 Software Infrastructure stocks →

NetApp, Inc. (NTAP) key facts

NetApp, Inc. (NTAP) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, NTAP traded at $203.80, a market capitalization of $42.2 billion.
NetApp, Inc. pays an annual dividend of $2.08 per share, a yield of 1.02%, with a payout ratio of 29.3%.
Return on equity was 106.7% and debt-to-equity 1.66.
Its Piotroski F-score is 9 out of 9 and its Altman Z-score is 2.78 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.