NetApp Financial Statements From 2010 to 2025

NTAP Stock  USD 114.11  1.55  1.34%   
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
4.7 B
Profit Margin
0.1773
Market Capitalization
23.1 B
Enterprise Value Revenue
3.4101
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 12/16/2025, 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 177 M, Interest Expense of 38.9 M or Total Revenue of 4.1 B, as well as many indicators such as Price To Sales Ratio of 2.65, Dividend Yield of 0.0192 or PTB Ratio of 18.49. NetApp financial statements analysis is a perfect complement when working with NetApp Valuation or Volatility modules.
  
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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 Total3.7 B3.5 B2.2 B
Slightly volatile
Other Current Liabilities1.1 B1.1 B733.7 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 Net671.6 M804 M810.3 M
Pretty Stable
Current Deferred Revenue1.2 B2.3 B1.7 B
Slightly volatile
Accounts Payable255.7 M511 M369.1 M
Slightly volatile
CashB2.7 B2.9 B
Very volatile
Non Current Assets Total5.2 BB3.4 B
Slightly volatile
Non Currrent Assets Other270.6 M316 M366.6 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 Assets601.6 M573 M397.6 M
Slightly volatile
Total Liabilities10.3 B9.8 B7.2 B
Slightly volatile
Total Current Assets4.1 B5.9 B5.6 B
Very volatile
Short Term Debt448.5 M790 M575.6 M
Slightly volatile
Common Stock825.8 M1.1 B1.4 B
Pretty Stable
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 Amortization177 M243 M240.1 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 B5.2 B4.7 B
Pretty Stable
Operating Income1.4 B1.3 B892.2 M
Slightly volatile
EBIT1.5 B1.4 B954.6 M
Slightly volatile
Research Development585.4 MB813.4 M
Slightly volatile
EBITDA1.8 B1.7 B1.2 B
Slightly volatile
Cost Of Revenue1.5 BBB
Very volatile
Total Operating ExpensesB3.3 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 Ratio2.652.78592.6146
Very volatile
Dividend Yield0.01920.02320.0223
Slightly volatile
PTB Ratio18.4917.604812.7318
Slightly volatile
Days Sales Outstanding66.2669.201257.4087
Slightly volatile
Book Value Per Share4.35.0986.706
Slightly volatile
Operating Cash Flow Per Share7.757.38244.8709
Slightly volatile
Stock Based Compensation To Revenue0.06170.05870.0402
Slightly volatile
Capex To Depreciation0.660.69140.9414
Slightly volatile
PB Ratio18.4917.604812.7318
Slightly volatile
EV To Sales5.42.89992.6746
Pretty Stable
ROIC0.0880.16490.1178
Slightly volatile
Inventory Turnover11.2710.532314.2047
Slightly volatile
Net Income Per Share6.15.81372.9904
Slightly volatile
Days Of Inventory On Hand33.9134.655429.8895
Very volatile
Payables Turnover3.643.83376.217
Slightly volatile
Sales General And Administrative To Revenue0.05290.04730.047
Pretty Stable
Research And Ddevelopement To Revenue0.10.1540.1409
Pretty Stable
Capex To Revenue0.02430.02560.0363
Slightly volatile
Cash Per Share19.818.852916.0905
Slightly volatile
POCF Ratio11.5512.157415.4625
Slightly volatile
Interest Coverage11.0320.890614.248
Slightly volatile
Payout Ratio0.340.35750.5738
Very volatile
Capex To Operating Cash Flow0.110.11160.2216
Slightly volatile
Days Payables Outstanding99.9795.209369.9711
Slightly volatile
Income Quality1.211.26982.8955
Very volatile
ROE1.21.14040.7492
Slightly volatile
EV To Operating Cash Flow12.0212.654714.6757
Slightly volatile
PE Ratio14.6715.437634.3113
Pretty Stable
Return On Tangible Assets0.150.14720.1049
Slightly volatile
Earnings Yield0.0680.06480.0505
Slightly volatile
Intangibles To Total Assets0.140.25560.1882
Slightly volatile
Current Ratio1.191.2551.9806
Slightly volatile
Receivables Turnover5.05.27456.5126
Slightly volatile
Graham Number27.1125.823818.3121
Slightly volatile
Shareholders Equity Per Share4.35.0986.706
Slightly volatile
Debt To Equity3.523.35672.0082
Slightly volatile
Capex Per Share0.420.82350.6856
Pretty Stable
Revenue Per Share33.8332.215722.5865
Slightly volatile
Interest Debt Per Share18.317.42659.0298
Slightly volatile
Debt To Assets0.340.32260.2178
Slightly volatile
Enterprise Value Over EBITDA10.7111.276912.5406
Slightly volatile
Short Term Coverage Ratios1.912.00813.8053
Slightly volatile
Price Earnings Ratio14.6715.437634.3113
Pretty Stable
Operating Cycle10010487.2988
Slightly volatile
Price Book Value Ratio18.4917.604812.7318
Slightly volatile
Days Of Payables Outstanding99.9795.209369.9711
Slightly volatile
Dividend Payout Ratio0.340.35750.5738
Very volatile
Price To Operating Cash Flows Ratio11.5512.157415.4625
Slightly volatile
Pretax Profit Margin0.110.21040.1482
Slightly volatile
Ebt Per Ebit0.741.03440.9903
Slightly volatile
Operating Profit Margin0.10.20340.1465
Slightly volatile
Company Equity Multiplier10.9310.40677.8601
Slightly volatile
Long Term Debt To Capitalization0.740.7050.4665
Slightly volatile
Total Debt To Capitalization0.810.77050.5298
Slightly volatile
Return On Capital Employed0.110.2170.1556
Slightly volatile
Debt Equity Ratio3.523.35672.0082
Slightly volatile
Ebit Per Revenue0.10.20340.1465
Slightly volatile
Quick Ratio1.151.21511.8929
Slightly volatile
Dividend Paid And Capex Coverage Ratio3.612.54392.7397
Pretty Stable
Net Income Per E B T0.650.85760.7975
Very volatile
Cash Ratio0.560.58820.9405
Slightly volatile
Operating Cash Flow Sales Ratio0.180.22920.2027
Slightly volatile
Days Of Inventory Outstanding33.9134.655429.8895
Very volatile
Days Of Sales Outstanding66.2669.201257.4087
Slightly volatile
Cash Flow Coverage Ratios0.410.43144.9919
Slightly volatile
Price To Book Ratio18.4917.604812.7318
Slightly volatile
Fixed Asset Turnover7.568.17417.0709
Slightly volatile
Capital Expenditure Coverage Ratio9.418.96436.7494
Slightly volatile
Price Cash Flow Ratio11.5512.157415.4625
Slightly volatile
Enterprise Value Multiple10.7111.276912.5406
Slightly volatile
Debt Ratio0.340.32260.2178
Slightly volatile
Cash Flow To Debt Ratio0.410.43144.9919
Slightly volatile
Price Sales Ratio2.652.78592.6146
Very volatile
Return On Assets0.08570.10960.0816
Slightly volatile
Asset Turnover0.810.60720.6675
Pretty Stable
Net Profit Margin0.190.18050.1251
Slightly volatile
Gross Profit Margin0.50.70190.6286
Slightly volatile
Price Fair Value18.4917.604812.7318
Slightly volatile
Return On Equity1.21.14040.7492
Slightly volatile

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 Earnings14.9477
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  0.06 
Sales General And Administrative To Revenue 0.05  0.05 
Research And Ddevelopement To Revenue 0.15  0.10 
Capex To Revenue 0.03  0.02 
Revenue Per Share 32.22  33.83 
Ebit Per Revenue 0.20  0.10 

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 against NetApp Stock

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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.