A Business at a Glance
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NetApp, Inc. (NetApp, we, us, or the Company) helps customers make their data infrastructure more seamless, more dynamic, and higher performing. We were incorporated in 1992, are headquartered in San Jose, California, and provide a full range of enterprise-class software, systems and services that customers use to transform their data infrastructures across data types, workloads, and environments to realize business possibilities. We leverage over thirty years of innovation to make data infrastructure intelligent. Our unified data storage solutions deliver flexible, simplified, and silo-free infrastructure. Our active data management capabilities focus on security, compliance, and sustainability, while our adaptive operations enhance performance, efficiency, and productivity.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.7B | 6.6B | 6.3B | 6.4B | 6.3B | 5.7B |
| Net Income | 1.2B | 1.2B | 986M | 1.3B | 937M | 730M |
| EPS | $5.96 | $5.67 | $4.63 | $5.79 | $4.09 | $3.23 |
| Free Cash Flow | 1.6B | 1.3B | 1.5B | 868M | 985M | 1.2B |
| ROIC | 191.3% | 123.0% | 138.2% | 254.5% | 118.1% | 114.2% |
| Gross Margin | 70.5% | 70.2% | 70.7% | 66.2% | 66.8% | 66.4% |
| Debt/Equity | 2.15 | 3.83 | 2.44 | 2.06 | 3.44 | 3.84 |
| Dividends/Share | $2.10 | $2.08 | $0.52 | $2.00 | $2.00 | $1.92 |
| Operating Income | 1.5B | 1.3B | 1.2B | 1.0B | 1.2B | 1.0B |
| Operating Margin | 22.2% | 20.3% | 19.4% | 16.0% | 18.3% | 17.9% |
| ROE | 104.7% | 108.5% | 86.0% | 127.6% | 111.8% | 106.6% |
| Shares Outstanding | 197M | 209M | 213M | 220M | 229M | 226M |
NetApp, Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
NetApp, Inc. trades at 16.5x trailing earnings, compared to its 15-year median P/E of 16.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.1x vs a median of 13.2x. The company's 5-year average ROIC is 123.4% with a gross margin of 68.1%. Total shareholder yield (dividends + buybacks) is 7.3%. At current prices, the estimated annualized return to fair value is +13.2%.
NetApp, Inc. (NTAP) has a current P/E ratio of 16.5, compared to its historical median P/E of 16.8. The stock is currently considered Fair based on its historical valuation range.
NetApp, Inc. (NTAP) has a 5-year average return on invested capital (ROIC) of 123.4%. This indicates strong capital allocation and a potential competitive advantage.
NetApp, Inc. (NTAP) has a market capitalization of $19.4B. It is classified as a large-cap stock.
Yes, NetApp, Inc. (NTAP) pays a dividend with a trailing twelve-month yield of 2.14%. The company also returns capital through share buybacks, with a buyback yield of 5.15%.
Based on historical P/E analysis, NetApp, Inc. (NTAP) appears fair. The current P/E of 16.5 is 2% below its historical median of 16.8. The estimated fair value CAGR (P/E method) is 11.0%.
NetApp, Inc. (NTAP) operates in the Computer Storage Devices industry, within the Technology sector.
NetApp, Inc. (NTAP) reported annual revenue of $6.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
NetApp, Inc. (NTAP) has a net profit margin of 18.0%. This is a healthy margin.
NetApp, Inc. (NTAP) generated $1.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NetApp, Inc. (NTAP) has a debt-to-equity ratio of 3.83. This indicates higher leverage, which may increase financial risk.
NetApp, Inc. (NTAP) reported earnings per share (EPS) of $5.67 in its most recent fiscal year.
NetApp, Inc. (NTAP) has a return on equity (ROE) of 108.5%. This indicates the company generates strong returns for shareholders.
NetApp, Inc. (NTAP) has a 5-year average gross margin of 68.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for NetApp, Inc. (NTAP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NetApp, Inc. (NTAP) has a book value per share of $4.97, based on its most recent annual SEC filing.