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NetApp, Inc.
Nasdaq · CIK 1002047
Last close226.27
Daily change+11.22 (5.22%)
10 Years gain+589.37%
Dividends TTM2.08 (+0.00%)
Dividend yield0.97%
Fundamental Analysis
NTAP · STANDARD
SIC 3572 · Computer Storage Devices · Fiscal year end 0424
Fundamental
65.8Momentum
61.0Acceleration
76.6Confidence
91.0Annual Revenue18
Quarterly Revenue67
Annual CFO16
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth9.3 / 25
Quality12.8 / 25
Capital Efficiency18.9 / 20
Balance Sheet11.8 / 15
Shareholder Economics9.5 / 10
Forward Indicators3.4 / 5
Signals
Operating leverageOperating margin improved by 2.2011 percentage points.
ROIC expansionROIC improved by 45.9555 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Share count reductionDiluted share count declined 3.8462%.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Warnings
Inventory anomaly · MEDIUMInventory growth is materially above revenue growth.
Key Metrics
Revenue Growth TTM8.63%OK
Revenue CAGR 3Y2.87%OK
Gross Margin70.74%OK
Operating Margin23.22%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC221.37%OK
Incremental Operating Margin 3Yn/aNOT_MEANINGFUL
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y-3.85%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026 FY Apr 24, 2026 | $6.93B | $4.90B | $1.67B | $2.07B | $1.87B | 70.74% | 24.17% | 26.99% | 379.54% | 201M |
| 2026 FY Apr 25, 2025 | $6.57B | $4.61B | $1.34B | $1.51B | $1.34B | 70.19% | 20.34% | 20.36% | 320.71% | 209M |
| 2026 FY Apr 26, 2024 | $6.27B | $4.43B | $1.21B | $1.69B | $1.53B | 70.72% | 19.37% | 24.41% | 248.1% | 213M |
| 2025 FY Apr 28, 2023 | $6.36B | $4.21B | $1.02B | $1.11B | $868.00M | 66.16% | 16% | 13.64% | n/a | 220M |
| 2024 FY Apr 29, 2022 | $6.32B | $4.22B | $1.16B | $1.21B | $985.00M | 66.79% | 18.31% | 15.59% | n/a | 229M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $7.00B | sum latest 4 fiscal quarters Revenue | OK | 0001193125-26-380207, 0001193125-25-297237 |
| Revenue Growth TTM | 8.63% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001193125-26-380207, 0001193125-25-297237 |
| Revenue CAGR 3Y | 2.87% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001193125-26-259683 |
| Revenue CAGR 5Y | 3.81% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001193125-26-259683 |
| Gross Profit CAGR 3Y | 5.19% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001193125-26-259683 |
| Operating Income Growth | 20% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001193125-26-380207, 0001193125-25-297237 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 70.74% | Gross Profit / Revenue | OK | 0001193125-26-380207, 0001193125-25-297237 |
| Operating Margin | 23.22% | Operating Income / Revenue | OK | 0001193125-26-380207, 0001193125-25-297237 |
| ROIC | 221.37% | NOPAT / Average Invested Capital | OK | 0001193125-26-380207, 0001193125-25-297237 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001193125-26-380207 |
| Current Ratio | 1.24x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 1.44x | (Cash + Short-term Investments) / Total Debt | OK | 0001193125-26-380207 |
| Revenue per Diluted Share | $35.01 | Revenue / Diluted Shares | OK | 0001193125-26-380207, 0001193125-25-297237 |