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NetApp, Inc. (NTAP)
Technology · Software - Infrastructure · NasdaqGS
NetApp, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.49B | $5.92B | $6.15B | $5.41B | $5.74B | $6.32B | $6.36B | $6.27B | $6.57B | $6.92B |
| Gross profit | $3.36B | $3.71B | $3.94B | $3.62B | $3.81B | $4.22B | $4.21B | $4.43B | $4.61B | $4.90B |
| Net income | $481.00M | $116.00M | $1.17B | $819.00M | $730.00M | $937.00M | $1.27B | $986.00M | $1.19B | $1.28B |
| Net margin | 8.8% | 2.0% | 19.0% | 15.1% | 12.7% | 14.8% | 20.0% | 15.7% | 18.0% | 18.4% |
Source: NetApp, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into NTAP stock?
At today's market cap of $32.33B, NetApp, Inc. is priced for free-cash-flow growth of about 5.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.87B from the FY ending 2026-04-30). For comparison, free cash flow actually grew 9.8%/yr over the last five fiscal years and revenue 3.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of NetApp, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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NetApp, Inc. financial history by metric
About NetApp, Inc.
NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp Cloud Volumes ONTAP. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services include storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to help customers optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments. Further, it offers ransomware protection, data backup and recovery, and disaster recovery. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners, including the cloud providers. The company has a strategic alliance with Commvault Systems, Inc. to develop an integrated solution for enterprise data protection and cyber resilience. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
NetApp, Inc. — frequently asked questions
What is NetApp, Inc.'s revenue?
NetApp, Inc. (NTAP) reported revenue of $6.92B for fiscal year 2026, up 5.4% from the prior year, according to its SEC filings.
Is NetApp, Inc. profitable?
Yes. NTAP earned net income of $1.28B in fiscal 2026, a net margin of 18.4%.
What is NTAP's P/E ratio?
NetApp, Inc. trades at a price-to-earnings ratio of about 26.8 based on the latest data in our nightly-refreshed cache.
How fast is NetApp, Inc. growing?
NTAP's revenue grew at roughly 3.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does NetApp, Inc. have?
As of fiscal year 2026, NTAP carried roughly $2.49B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is NetApp, Inc.'s gross margin?
NTAP's gross margin was 70.7% in fiscal 2026 — gross profit of $4.90B on revenue of $6.92B.
What is NetApp, Inc.'s market cap?
NetApp, Inc. (NTAP) has a market capitalization of about $32.33B, based on the latest data in our nightly-refreshed cache.
When does NetApp, Inc.'s fiscal year end?
NTAP's fiscal year ends in April. Its most recent annual filing covers the fiscal year ending 2026-04-30.
What growth is priced into NTAP stock?
At today's market cap of $32.33B, NetApp, Inc. is priced for free-cash-flow growth of about 5.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.87B from the FY ending 2026-04-30). For comparison, free cash flow actually grew 9.8%/yr over the last five fiscal years and revenue 3.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from NetApp, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.