InsiderClue
Stocks · Technology · Computer Storage Devices

NetApp

NTAP Clue Score62
United States Fiscal year ends April CIK 0001002047
$237.15 +2.64% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $237.15 +158.64% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue5.49Operating income0.62Net income0.48EPS, diluted1.71Fiscal year 2018Revenue5.92 +7.8%Operating income1.16Net income0.12 −75.9%EPS, diluted0.42 −75.4%Fiscal year 2019Revenue6.15 +3.8%Operating income1.22Net income1.17 +907.8%EPS, diluted4.51 +973.8%Fiscal year 2020Revenue5.41 −11.9%Operating income0.95Net income0.82 −29.9%EPS, diluted3.52 −22.0%Fiscal year 2021Revenue5.74 +6.1%Operating income1.03Net income0.73 −10.9%EPS, diluted3.23 −8.2%Fiscal year 2022Revenue6.32 +10.0%Operating income1.16Net income0.94 +28.4%EPS, diluted4.09 +26.6%Fiscal year 2023Revenue6.36 +0.7%Operating income1.02Net income1.27 +36.0%EPS, diluted5.79 +41.6%Fiscal year 2024Revenue6.27 −1.5%Operating income1.21Net income0.99 −22.6%EPS, diluted4.63 −20.0%Fiscal year 2025Revenue6.57 +4.9%Operating income1.34Net income1.19 +20.3%EPS, diluted5.67 +22.5%Fiscal year 2026Revenue6.93 +5.4%Operating income1.67Net income1.28 +7.6%EPS, diluted6.35 +12.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 5.49 5.92 6.15 5.41 5.74 6.32 6.36 6.27 6.57 6.93
Growth +7.8% +3.8% −11.9% +6.1% +10.0% +0.7% −1.5% +4.9% +5.4%
Operating income 0.62 1.16 1.22 0.95 1.03 1.16 1.02 1.21 1.34 1.67
Net income 0.48 0.12 1.17 0.82 0.73 0.94 1.27 0.99 1.19 1.28
Growth −75.9% +907.8% −29.9% −10.9% +28.4% +36.0% −22.6% +20.3% +7.6%
EPS, diluted 1.71 0.42 4.51 3.52 3.23 4.09 5.79 4.63 5.67 6.35
Growth −75.4% +973.8% −22.0% −8.2% +26.6% +41.6% −20.0% +22.5% +12.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin61.3%Operating margin11.3%Net margin8.8%Free cash flow margin14.8%Fiscal year 2018Gross margin62.7%Operating margin19.6%Net margin2.0%Free cash flow margin22.5%Fiscal year 2019Gross margin64.2%Operating margin19.9%Net margin19.0%Free cash flow margin19.0%Fiscal year 2020Gross margin66.9%Operating margin17.5%Net margin15.1%Free cash flow margin17.3%Fiscal year 2021Gross margin66.4%Operating margin17.9%Net margin12.7%Free cash flow margin20.4%Fiscal year 2022Gross margin66.8%Operating margin18.3%Net margin14.8%Free cash flow margin15.6%Fiscal year 2023Gross margin66.2%Operating margin16.0%Net margin20.0%Free cash flow margin13.6%Fiscal year 2024Gross margin70.7%Operating margin19.4%Net margin15.7%Free cash flow margin24.4%Fiscal year 2025Gross margin70.2%Operating margin20.3%Net margin18.0%Free cash flow margin20.4%Fiscal year 2026Gross margin70.7%Operating margin24.2%Net margin18.4%Free cash flow margin27.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 61.3% 62.7% 64.2% 66.9% 66.4% 66.8% 66.2% 70.7% 70.2% 70.7%
Operating margin 11.3% 19.6% 19.9% 17.5% 17.9% 18.3% 16.0% 19.4% 20.3% 24.2%
Net margin 8.8% 2.0% 19.0% 15.1% 12.7% 14.8% 20.0% 15.7% 18.0% 18.4%
Free cash flow margin 14.8% 22.5% 19.0% 17.3% 20.4% 15.6% 13.6% 24.4% 20.4% 27.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow0.99Capital expenditure−0.18Free cash flow0.81Buybacks−0.71Dividends paid−0.21Fiscal year 2018Operating cash flow1.48Capital expenditure−0.15Free cash flow1.33 +64.4%Buybacks−0.79Dividends paid−0.21Fiscal year 2019Operating cash flow1.34Capital expenditure−0.17Free cash flow1.17 −12.4%Buybacks−2.11Dividends paid−0.40Fiscal year 2020Operating cash flow1.06Capital expenditure−0.12Free cash flow0.94 −19.9%Buybacks−1.41Dividends paid−0.44Fiscal year 2021Operating cash flow1.33Capital expenditure−0.16Free cash flow1.17 +25.1%Buybacks−0.13Dividends paid−0.43Fiscal year 2022Operating cash flow1.21Capital expenditure−0.23Free cash flow0.99 −15.9%Buybacks−0.60Dividends paid−0.45Fiscal year 2023Operating cash flow1.11Capital expenditure−0.24Free cash flow0.87 −11.9%Buybacks−0.85Dividends paid−0.43Fiscal year 2024Operating cash flow1.69Capital expenditure−0.16Free cash flow1.53 +76.3%Buybacks−0.90Dividends paid−0.42Fiscal year 2025Operating cash flow1.51Capital expenditure−0.17Free cash flow1.34 −12.5%Buybacks−1.15Dividends paid−0.42Fiscal year 2026Operating cash flow2.07Capital expenditure−0.20Free cash flow1.87 +39.7%Buybacks−0.95Dividends paid−0.41
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 0.99 1.48 1.34 1.06 1.33 1.21 1.11 1.69 1.51 2.07
Capital expenditure −0.18 −0.15 −0.17 −0.12 −0.16 −0.23 −0.24 −0.16 −0.17 −0.20
Free cash flow 0.81 1.33 1.17 0.94 1.17 0.99 0.87 1.53 1.34 1.87
Growth +64.4% −12.4% −19.9% +25.1% −15.9% −11.9% +76.3% −12.5% +39.7%
Buybacks −0.71 −0.79 −2.11 −1.41 −0.13 −0.60 −0.85 −0.90 −1.15 −0.95
Dividends paid −0.21 −0.21 −0.40 −0.44 −0.43 −0.45 −0.43 −0.42 −0.42 −0.41

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash2.44Total debt1.49Net cash (debt)0.95Shareholders’ equity2.95Debt to equity0.51Fiscal year 2018Cash2.94Total debt1.54Net cash (debt)1.40Shareholders’ equity2.28Debt to equity0.68Fiscal year 2019Cash2.33Total debt1.54Net cash (debt)0.78Shareholders’ equity1.09Debt to equity1.42Fiscal year 2020Cash2.66Total debt1.15Net cash (debt)1.51Shareholders’ equity0.24Debt to equity4.74Fiscal year 2021Cash4.53Total debt2.63Net cash (debt)1.90Shareholders’ equity0.69Debt to equity3.84Fiscal year 2022Cash4.11Total debt2.64Net cash (debt)1.48Shareholders’ equity0.84Debt to equity3.15Fiscal year 2023Cash2.32Total debt2.39Net cash (debt)−0.07Shareholders’ equity1.16Debt to equity2.06Fiscal year 2024Cash1.90Total debt2.39Net cash (debt)−0.49Shareholders’ equity1.15Debt to equity2.09Fiscal year 2025Cash2.74Total debt3.24Net cash (debt)−0.49Shareholders’ equity1.04Debt to equity3.11Fiscal year 2026Cash2.07Total debt2.49Net cash (debt)−0.42Shareholders’ equity1.35Debt to equity1.84
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 2.44 2.94 2.33 2.66 4.53 4.11 2.32 1.90 2.74 2.07
Total debt 1.49 1.54 1.54 1.15 2.63 2.64 2.39 2.39 3.24 2.49
Net cash (debt) 0.95 1.40 0.78 1.51 1.90 1.48 −0.07 −0.49 −0.49 −0.42
Shareholders’ equity 2.95 2.28 1.09 0.24 0.69 0.84 1.16 1.15 1.04 1.35
Debt to equity 0.51 0.68 1.42 4.74 3.84 3.15 2.06 2.09 3.11 1.84

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending April, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 28 Apr 2017 FY2018 27 Apr 2018 FY2019 26 Apr 2019 FY2020 24 Apr 2020 FY2021 30 Apr 2021 FY2022 29 Apr 2022 FY2023 28 Apr 2023 FY2024 26 Apr 2024 FY2025 25 Apr 2025 FY2026 24 Apr 2026
Revenue and profit
5.49 5.92 6.15 5.41 5.74 6.32 6.36 6.27 6.57 6.93
Growth +7.8% +3.8% −11.9% +6.1% +10.0% +0.7% −1.5% +4.9% +5.4%
2.13 2.21 2.20 1.79 1.93 2.10 2.15 1.84 1.96 2.03
3.36 3.71 3.95 3.62 3.82 4.22 4.21 4.43 4.61 4.90
Growth +10.3% +6.4% −8.2% +5.3% +10.6% −0.3% +5.3% +4.1% +6.2%
0.78 0.78 0.83 0.85 0.88 0.88 0.96 1.03 1.01 0.99
0.27 0.28 0.28 0.26 0.26 0.28 0.27 0.31 0.31 0.34
0.62 1.16 1.22 0.95 1.03 1.16 1.02 1.21 1.34 1.67
Growth +86.5% +5.4% −22.6% +9.1% +12.2% −12.0% +19.3% +10.1% +25.2%
0.62 1.20 1.27 0.94 0.96 1.10 1.07 1.26 1.38 1.65
0.14 1.08 0.10 0.13 0.23 0.16 −0.21 0.28 0.20 0.37
0.48 0.12 1.17 0.82 0.73 0.94 1.27 0.99 1.19 1.28
Growth −75.9% +907.8% −29.9% −10.9% +28.4% +36.0% −22.6% +20.3% +7.6%
Per share
1.75 0.43 4.60 3.56 3.29 4.20 5.87 4.74 5.81 6.41
1.71 0.42 4.51 3.52 3.23 4.09 5.79 4.63 5.67 6.35
Growth −75.4% +973.8% −22.0% −8.2% +26.6% +41.6% −20.0% +22.5% +12.0%
275.0 268.0 254.0 230.0 222.0 223.0 217.0 208.0 204.0 199.0
281.0 276.0 259.0 233.0 226.0 229.0 220.0 213.0 209.0 201.0
Growth −1.8% −6.2% −10.0% −3.0% +1.3% −3.9% −3.2% −1.9% −3.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 3.8% a year over five years, and earnings per share grew 14.5% a year.
  • The diluted share count fell 11.1% in five years, so buybacks did some of the work per share.
  • Operating margin is up 6.2 points on five years ago, at 24.2%.
  • Profitable in every one of the 10 years on file.