NetApp Financial Statements From 2010 to 2025

NTAP Stock  USD 100.49  2.45  2.38%   
Analyzing historical trends in various income statement and balance sheet accounts from NetApp's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting NetApp's valuation are summarized below:
Gross Profit
4.6 B
Profit Margin
0.1805
Market Capitalization
20.6 B
Enterprise Value Revenue
3.0844
Revenue
6.6 B
There are currently one hundred twenty fundamental ratios for NetApp that can be evaluated and compared over time across peers in the industry. Investors and active traders are advised to check NetApp's last-minute fundamental performance against the performance between 2010 and 2025 to make sure the trends are evolving in the right direction. As of 06/14/2025, Market Cap is likely to drop to about 6.4 B. In addition to that, Enterprise Value is likely to drop to about 6.2 B

NetApp Total Revenue

4.11 Billion

Check NetApp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NetApp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 175.9 M, Interest Expense of 45 M or Total Revenue of 4.1 B, as well as many indicators such as Price To Sales Ratio of 2.89, Dividend Yield of 0.0258 or PTB Ratio of 24.21. NetApp financial statements analysis is a perfect complement when working with NetApp Valuation or Volatility modules.
  
Build AI portfolio with NetApp Stock
Check out the analysis of NetApp Correlation against competitors.

NetApp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets6.4 B10.8 B8.8 B
Pretty Stable
Short and Long Term Debt Total3.4 B3.2 B2.1 B
Slightly volatile
Other Current Liabilities576.5 M611 M810.3 M
Slightly volatile
Total Current Liabilities4.9 B4.7 B3.5 B
Slightly volatile
Total Stockholder Equity1.9 BBB
Slightly volatile
Property Plant And Equipment Net647 M563 M766.7 M
Pretty Stable
Current Deferred Revenue1.2 B2.3 B1.7 B
Slightly volatile
Accounts Payable255.7 M511 M369.1 M
Slightly volatile
Cash2.6 B2.7 BB
Slightly volatile
Non Current Assets Total5.2 BB3.4 B
Slightly volatile
Non Currrent Assets Other1.7 B1.6 B669.4 M
Slightly volatile
Cash And Short Term Investments3.1 B3.8 B4.2 B
Pretty Stable
Net Receivables656.6 M1.2 B882.7 M
Slightly volatile
Common Stock Shares Outstanding249.6 M209 M272.8 M
Slightly volatile
Short Term Investments1.3 B1.1 B1.7 B
Slightly volatile
Liabilities And Stockholders Equity6.4 B10.8 B8.8 B
Pretty Stable
Non Current Liabilities Total5.4 B5.1 B3.7 B
Slightly volatile
Inventory224.6 M213.9 M146.7 M
Slightly volatile
Other Current Assets289.9 M573 M377.7 M
Pretty Stable
Total Liabilities10.3 B9.8 B7.2 B
Slightly volatile
Total Current Assets4.1 B5.9 B5.6 B
Very volatile
Short Term Debt447 M750 M573 M
Slightly volatile
Common Stock1.1 B1.1 B1.9 B
Slightly volatile
Common Stock Total Equity750.9 M1.1 B1.1 B
Very volatile
Property Plant And Equipment Gross2.5 B2.4 B1.3 B
Slightly volatile
Other Liabilities3.1 B2.9 B2.2 B
Slightly volatile
Other Assets1.4 B1.4 B723.9 M
Slightly volatile
Property Plant Equipment741.8 M747.5 M774.3 M
Pretty Stable
Good Will2.9 B2.7 B1.8 B
Slightly volatile
Intangible Assets40.9 M43 M114.7 M
Slightly volatile
Warrants70.9 M56.3 M66 M
Slightly volatile
Capital Surpluse3.2 BB3.6 B
Slightly volatile
Deferred Long Term Liabilities100 M105.3 M788.7 M
Slightly volatile
Non Current Liabilities Other103.5 M109 M788.3 M
Pretty Stable
Long Term Debt Total1.7 B2.7 B1.6 B
Slightly volatile
Short and Long Term Debt591.2 M750 M698.6 M
Slightly volatile
Long Term Investments48.6 M92 M50.8 M
Slightly volatile
Net Invested Capital2.7 B4.3 B3.9 B
Slightly volatile
Net Working Capital1.4 B1.2 B1.8 B
Slightly volatile
Capital Stock900.3 M1.1 B980.8 M
Slightly volatile

NetApp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization175.9 M293.2 M246.7 M
Very volatile
Total Revenue4.1 B6.6 B5.6 B
Slightly volatile
Gross Profit2.6 B4.6 B3.6 B
Slightly volatile
Other Operating Expenses3.5 B5.1 B4.7 B
Pretty Stable
Operating Income1.4 B1.3 B892.2 M
Slightly volatile
EBIT1.6 B1.5 B961.3 M
Slightly volatile
Research Development585.4 MB813.4 M
Slightly volatile
EBITDA793.8 M1.3 B1.1 B
Slightly volatile
Cost Of Revenue1.5 BBB
Very volatile
Total Operating ExpensesB3.2 B2.7 B
Slightly volatile
Income Before Tax1.5 B1.4 B896.8 M
Slightly volatile
Net Income1.2 B1.2 B717.2 M
Slightly volatile
Selling General Administrative224.2 M311 M260.9 M
Slightly volatile
Net Income Applicable To Common Shares1.5 B1.5 B773.4 M
Slightly volatile
Selling And Marketing Expenses1.5 B1.9 B1.7 B
Pretty Stable
Net Income From Continuing Ops799.1 M1.2 B731 M
Slightly volatile
Non Recurring170.3 M162.2 M71 M
Slightly volatile
Interest Income69.4 M128.8 M57.4 M
Slightly volatile
Reconciled Depreciation239.7 M243 M222.3 M
Pretty Stable

NetApp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow1.6 B1.9 B2.5 B
Slightly volatile
Depreciation171.7 M243 M230.8 M
Very volatile
Capital Expenditures169.3 M168 M188 M
Pretty Stable
Total Cash From Operating Activities928.1 M1.5 B1.2 B
Slightly volatile
Net Income1.2 B1.2 B717.2 M
Slightly volatile
End Period Cash Flow1.7 B2.7 B2.5 B
Slightly volatile
Stock Based Compensation197.7 M386 M231 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.892.74562.5063
Pretty Stable
Dividend Yield0.02580.02350.0285
Pretty Stable
PTB Ratio24.2117.349821.3878
Slightly volatile
Days Sales Outstanding60.0569.201262.2045
Slightly volatile
Book Value Per Share3.095.0984.8409
Slightly volatile
Free Cash Flow Yield0.07060.07420.0819
Very volatile
Operating Cash Flow Per Share6.07.38245.1328
Slightly volatile
Stock Based Compensation To Revenue0.03430.05870.0425
Slightly volatile
Capex To Depreciation0.780.69140.6982
Pretty Stable
PB Ratio24.2117.349821.3878
Slightly volatile
EV To Sales2.542.82062.2676
Very volatile
Free Cash Flow Per Share5.276.55884.5205
Slightly volatile
ROIC0.130.16590.153
Pretty Stable
Inventory Turnover16.9210.532312.5964
Pretty Stable
Net Income Per Share3.295.81373.5838
Slightly volatile
Days Of Inventory On Hand21.5734.655430.2023
Very volatile
Payables Turnover4.593.83375.2376
Slightly volatile
Sales General And Administrative To Revenue0.04470.04730.0481
Slightly volatile
Research And Ddevelopement To Revenue0.150.1540.1504
Slightly volatile
Capex To Revenue0.02820.02560.0271
Slightly volatile
Cash Per Share21.018.852918.3543
Very volatile
POCF Ratio12.4411.981312.8371
Slightly volatile
Interest Coverage10.1313.932415.99
Pretty Stable
Payout Ratio0.580.35750.4315
Pretty Stable
Capex To Operating Cash Flow0.120.11160.1355
Slightly volatile
PFCF Ratio14.1613.485715.8632
Slightly volatile
Days Payables Outstanding79.4795.209376.5668
Slightly volatile
Income Quality1.831.26981.5494
Slightly volatile
ROE1.071.14041.5368
Pretty Stable
EV To Operating Cash Flow10.9712.308611.6305
Pretty Stable
PE Ratio22.7115.21418.4549
Slightly volatile
Return On Tangible Assets0.10.14720.1254
Slightly volatile
EV To Free Cash Flow12.4813.854114.4328
Pretty Stable
Earnings Yield0.0440.06570.0626
Slightly volatile
Intangibles To Total Assets0.230.25560.2078
Slightly volatile
Current Ratio1.741.2551.7063
Slightly volatile
Receivables Turnover6.085.27456.0342
Slightly volatile
Graham Number15.1125.823817.1287
Slightly volatile
Shareholders Equity Per Share3.095.0984.8409
Slightly volatile
Debt To Equity3.843.11063.4752
Slightly volatile
Capex Per Share0.730.82350.6123
Slightly volatile
Revenue Per Share25.8732.215723.9294
Slightly volatile
Interest Debt Per Share12.1915.85789.2704
Slightly volatile
Debt To Assets0.280.29890.2199
Slightly volatile
Enterprise Value Over EBITDA11.2913.864510.8808
Very volatile
Short Term Coverage Ratios3.332.00885.5296
Slightly volatile
Price Earnings Ratio22.7115.21418.4549
Slightly volatile
Operating Cycle81.6210492.4067
Slightly volatile
Price Book Value Ratio24.2117.349821.3878
Slightly volatile
Days Of Payables Outstanding79.4795.209376.5668
Slightly volatile
Dividend Payout Ratio0.580.35750.4315
Pretty Stable
Price To Operating Cash Flows Ratio12.4411.981312.8371
Slightly volatile
Price To Free Cash Flows Ratio14.1613.485715.8632
Slightly volatile
Pretax Profit Margin0.170.21040.1725
Slightly volatile
Ebt Per Ebit0.931.03441.0066
Very volatile
Operating Profit Margin0.180.20340.1709
Slightly volatile
Effective Tax Rate0.240.14240.178
Slightly volatile
Company Equity Multiplier13.6610.406714.5917
Pretty Stable
Long Term Debt To Capitalization0.790.7050.6039
Slightly volatile
Total Debt To Capitalization0.790.75670.635
Slightly volatile
Return On Capital Employed0.170.2170.2047
Pretty Stable
Debt Equity Ratio3.843.11063.4752
Slightly volatile
Ebit Per Revenue0.180.20340.1709
Slightly volatile
Quick Ratio1.711.21511.6471
Slightly volatile
Dividend Paid And Capex Coverage Ratio2.262.54392.5314
Slightly volatile
Net Income Per E B T0.760.85760.822
Slightly volatile
Cash Ratio1.330.58821.0872
Slightly volatile
Cash Conversion Cycle2.158.647315.8399
Slightly volatile
Operating Cash Flow Sales Ratio0.230.22920.2076
Slightly volatile
Days Of Inventory Outstanding21.5734.655430.2023
Very volatile
Days Of Sales Outstanding60.0569.201262.2045
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.880.88840.8645
Slightly volatile
Cash Flow Coverage Ratios0.510.46558.4798
Slightly volatile
Price To Book Ratio24.2117.349821.3878
Slightly volatile
Fixed Asset Turnover10.9411.67328.9943
Slightly volatile
Capital Expenditure Coverage Ratio8.238.96437.9736
Slightly volatile
Price Cash Flow Ratio12.4411.981312.8371
Slightly volatile
Enterprise Value Multiple11.2913.864510.8808
Very volatile
Debt Ratio0.280.29890.2199
Slightly volatile
Cash Flow To Debt Ratio0.510.46558.4798
Slightly volatile
Price Sales Ratio2.892.74562.5063
Pretty Stable
Return On Assets0.0780.10960.0994
Very volatile
Asset Turnover0.610.60720.7055
Slightly volatile
Net Profit Margin0.130.18050.1424
Slightly volatile
Gross Profit Margin0.660.70190.6637
Slightly volatile
Price Fair Value24.2117.349821.3878
Slightly volatile
Return On Equity1.071.14041.5368
Pretty Stable

NetApp Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap6.4 B8.6 B9.1 B
Very volatile
Enterprise Value6.2 B8.4 B8.9 B
Very volatile

NetApp Fundamental Market Drivers

Forward Price Earnings13.369
Cash And Short Term Investments3.8 B

NetApp Upcoming Events

28th of February 2024
Upcoming Quarterly Report
View
29th of May 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
29th of May 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
30th of April 2023
Last Financial Announcement
View

About NetApp Financial Statements

NetApp shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although NetApp investors may analyze each financial statement separately, they are all interrelated. The changes in NetApp's assets and liabilities, for example, are also reflected in the revenues and expenses on on NetApp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue2.3 B1.2 B
Total Revenue6.6 B4.1 B
Cost Of RevenueB1.5 B
Stock Based Compensation To Revenue 0.06  0.03 
Sales General And Administrative To Revenue 0.05  0.04 
Research And Ddevelopement To Revenue 0.15  0.15 
Capex To Revenue 0.03  0.03 
Revenue Per Share 32.22  25.87 
Ebit Per Revenue 0.20  0.18 

Pair Trading with NetApp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NetApp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NetApp will appreciate offsetting losses from the drop in the long position's value.

Moving together with NetApp Stock

  0.88KN Knowles CorPairCorr
  0.79ERIC TelefonaktiebolagetPairCorr
  0.93EXTR Extreme NetworksPairCorr
  0.89CDW CDW CorpPairCorr
The ability to find closely correlated positions to NetApp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetApp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NetApp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NetApp Inc to buy it.
The correlation of NetApp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NetApp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetApp Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NetApp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for NetApp Stock Analysis

When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.