Fundamental analysis · SEC EDGAR · TTM through 31/07/2026
NTAP · Nasdaq · Technology
Fundamental quality
82
out of 100
Netapp, Inc. runs like a cash machine: it converts about 24.8% of revenue into free cash flow and holds a 21.3% net margin, though it grows at a measured pace. On fundamental quality it scores 82 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its growth (revenue +2.9%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
NetApp sells enterprise data storage: the arrays where corporate data lives, both in company data centers and integrated into the big public clouds. It is a hardware veteran that carved out a place in the cloud era.
EPS growth: 16.1% · Revenue growth: 2.9%
Net margin: 21.3% · ROE: 94.8% · ROIC: 59.5%
Net debt/EBITDA: 0.46x · FCF: 24.8%
Source: SEC EDGAR · TTM through 31/07/2026
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.
Percentile against the other 100 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2021 | 5,744 | 730 | 1,171 | -1,897 |
| 2022 | 6,318 | 937 | 985 | -1,476 |
| 2023 | 6,362 | 1,274 | 868 | 73 |
| 2024 | 5,657 | 986 | 1,530 | 489 |
| 2025 | 5,907 | 1,186 | 1,338 | 493 |
| 2026 | 6,237 | 1,276 | 1,869 | 417 |
Between 2021 and 2026, revenue went from $5,744M to $6,237M (+9%) and net income went from $730M to $1,276M (+75%). Meanwhile, its margins have widened (from 13% to 20%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended July 31, 2026, versus the quarter ended July 25, 2025 (SEC filings):
Compared with the previous close (April 24, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$2.08
per share, yearly
32.4% of earnings
Payout
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Netapp, Inc. cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Netapp, Inc. a good company to invest in?
In terms of business quality, Netapp, Inc. scores 82 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Netapp, Inc. a profitable company?
Very. Netapp, Inc. shows a net margin of 21.3% and an ROE of 94.8%, typical of a highly profitable business.
Does Netapp, Inc. have a lot of debt?
Not particularly. Its net debt is 0.46 times its EBITDA, a low level.
Is Netapp, Inc. growing?
Its revenue has grown 2.9% annualized in recent years and its earnings per share 16.1%.
Does Netapp, Inc. generate cash?
Yes. It converts about 24.8% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Netapp, Inc.'s filings on EDGAR
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