NetApp, Inc (NTAP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Sep 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NTAP SEC filings page.
NetApp, Inc (NTAP) reported $6.7B in revenue over the twelve months to Jul 31, 2026, up 15.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
NetApp’s dominant mechanic is widening operating margins while strong cash conversion funds shareholder returns despite a leveraged balance sheet.
From FY2024 through FY2026, operating margin expansion moved from21.5% to26.8% . Because gross margin stayed near78.5% while free-cash-flow margin reached30.0% , the improvement appears concentrated below gross profit and accompanied by strong cash conversion, rather than being explained simply by higher sales.
Cash conversion was unusually favorable in FY2026: operating cash flow of
In FY2025, buybacks plus dividends totaled
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of NetApp, Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
NetApp, Inc has an operating margin of 26.8%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 87/100, reflecting efficient cost management and pricing power. This is up from 22.6% the prior year.
NetApp, Inc's revenue grew 5.6% year-over-year to $6.2B, a solid pace of expansion. This earns a growth score of 50/100.
NetApp, Inc carries a low D/E ratio of 1.84, meaning only $1.84 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.
NetApp, Inc's current ratio of 1.44 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.
NetApp, Inc converts 30.0% of revenue into free cash flow ($1.9B). This strong cash generation earns a score of 93/100.
NetApp, Inc earns a strong 94.5% return on equity (ROE), meaning it generates $94 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is down from 114.0% the prior year.
NetApp, Inc scores 3.81, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($39.1B) relative to total liabilities ($9.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
NetApp, Inc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, NetApp, Inc generates $1.62 in operating cash flow ($2.1B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
NetApp, Inc earns $15.36 in operating income for every $1 of interest expense ($1.7B vs $109.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
NetApp, Inc generated $1.8B in revenue in Q1 2027. This represents an increase of 30.1% from the same quarter a year earlier. Against the prior quarter it is up 28.0%.
NetApp, Inc's EBITDA was $517.0M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 43.6% from the same quarter a year earlier. Against the prior quarter it is down 7.7%.
NetApp, Inc reported $375.0M in net income in Q1 2027. This represents an increase of 60.9% from the same quarter a year earlier. Against the prior quarter it is down 7.2%.
NetApp, Inc earned $1.88 per diluted share (EPS) in Q1 2027. This represents an increase of 63.5% from the same quarter a year earlier. Against the prior quarter it is down 7.4%.
Cash & Balance Sheet
NetApp, Inc generated $401.0M in free cash flow in Q1 2027, representing cash available after capex. This represents a decrease of 35.3% from the same quarter a year earlier. Against the prior quarter it is down 55.4%.
NetApp, Inc held $1.6B in cash against $1.9B in long-term debt as of Q1 2027.
NetApp, Inc paid $0.52 per share in dividends in Q1 2027. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
NetApp, Inc's gross margin was 78.0% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 18.1 percentage points.
NetApp, Inc's operating margin was 26.6% in Q1 2027, reflecting core business profitability. This is up 4.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.8 percentage points.
NetApp, Inc's net profit margin was 20.6% in Q1 2027, showing the share of revenue converted to profit. This is up 4.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.8 percentage points.
NetApp, Inc's ROE was 25.1% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.8 percentage points.
Capital Allocation
NetApp, Inc invested $274.0M in research and development in Q1 2027. This represents an increase of 13.2% from the same quarter a year earlier. Against the prior quarter it is up 5.0%.
NetApp, Inc spent $200.0M on share buybacks in Q1 2027, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 33.3% from the same quarter a year earlier. It is unchanged from the prior quarter.
NetApp, Inc invested $102.0M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 92.5% from the same quarter a year earlier. Against the prior quarter it is up 104.0%.
NTAP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B+30.1% | $1.4B+33.2% | $1.7B+4.4% | $1.7B+2.8% | $1.4B-9.3% | $1.1B+0.9% | $1.6B+2.2% | $1.7B+6.1% |
| Cost of Revenue | $606.0M+31.5% | $583.0M+8.2% | $504.0M+1.6% | $478.0M-0.6% | $461.0M+4.1% | $539.0M+9.6% | $496.0M+9.0% | $481.0M+6.4% |
| Gross Profit | $1.4B+29.2% | $1.4B+14.4% | $1.2B+5.6% | $1.2B+4.2% | $1.1B0.0% | $1.2B+1.4% | $1.1B-0.5% | $1.2B+6.0% |
| R&D Expenses | $274.0M+13.2% | $261.0M+2.0% | $237.0M-4.0% | $251.0M-2.3% | $242.0M-4.0% | $256.0M-5.5% | $247.0M-0.8% | $257.0M-1.9% |
| SG&A Expenses | $98.0M+16.7% | $85.0M0.0% | $86.0M+16.2% | $89.0M+15.6% | $84.0M+12.0% | $85.0M+9.0% | $74.0M-8.6% | $77.0M+2.7% |
| Operating Income | $484.0M+56.6% | $532.0M+52.9% | $434.0M+19.9% | $399.0M+15.7% | $309.0M+9.6% | $348.0M-4.9% | $362.0M-1.1% | $345.0M+13.5% |
| EBITDA | $517.0M+43.6% | $560.0M+58.2% | $482.0M+13.1% | $451.0M+10.5% | $360.0M+4.3% | $354.0M-5.1% | $426.0M-0.7% | $408.0M+10.9% |
| Interest Expense | N/A | $28.0M+33.3% | $26.0M+116.7% | $26.0M+73.3% | $29.0M+81.3% | $21.0M+31.3% | $12.0M-29.4% | $15.0M0.0% |
| Income Tax | $109.0M+53.5% | $114.0M+714.3% | $99.0M+39.4% | $88.0M+44.3% | $71.0M+39.2% | $14.0M-84.3% | $71.0M+2.9% | $61.0M-25.6% |
| Net Income | $375.0M+60.9% | $404.0M+18.8% | $334.0M+11.7% | $305.0M+2.0% | $233.0M-6.0% | $340.0M+16.8% | $299.0M-4.5% | $299.0M+28.3% |
| EPS (Basic) | $1.91+64.7% | $2.03+20.8% | $1.69+15.0% | $1.53+4.1% | $1.16-3.3% | $1.68+19.1% | $1.47-3.3% | $1.47+31.2% |
| EPS (Diluted) | $1.88+63.5% | $2.03+23.8% | $1.67+16.0% | $1.51+6.3% | $1.15-1.7% | $1.64+19.7% | $1.44 | $1.42+29.1% |
| Diluted Shares (Avg) | 200M-1.5% | N/A | 200M-3.8% | 202M-3.8% | 203M-4.2% | N/A | 208M | 210M-0.5% |
NTAP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.0B+13.2% | $10.7B-0.7% | $10.0B+10.9% | $9.6B+7.0% | $9.7B+4.0% | $10.8B+9.5% | $9.0B-4.1% | $9.0B-0.8% |
| Current Assets | $5.7B+21.0% | $5.8B-1.3% | $5.0B+27.8% | $4.7B+18.2% | $4.7B+8.5% | $5.9B+19.5% | $3.9B-9.7% | $3.9B-1.4% |
| Cash & Equivalents | $1.6B-24.6% | $2.1B-24.5% | $1.6B+7.8% | $2.1B+40.2% | $2.1B+26.2% | $2.7B+44.1% | $1.5B-17.0% | $1.5B-23.6% |
| Short-Term Investments | $2.0B+61.7% | $1.5B+37.1% | $1.4B+83.9% | $942.0M+26.6% | $1.2B-9.2% | $1.1B-18.2% | $750.0M-31.6% | $744.0M+8.5% |
| Inventory | $375.0M+182.0% | $198.0M+6.5% | $109.0M-59.3% | $127.0M-59.9% | $133.0M-37.9% | $186.0M0.0% | $268.0M+104.6% | $317.0M+159.8% |
| Accounts Receivable | $966.0M+22.7% | $1.3B+3.2% | $1.3B+46.3% | $988.0M+13.2% | $787.0M+15.9% | $1.2B+23.7% | $898.0M+14.1% | $873.0M+10.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $2.9B+6.7% | $2.8B+1.8% | $2.8B+1.2% | $2.7B-1.0% | $2.7B-0.9% | $2.7B-1.3% | $2.7B-1.3% | $2.8B0.0% |
| Total Liabilities | $9.5B+8.7% | $9.4B-4.0% | $8.8B+10.2% | $8.6B+6.6% | $8.7B+3.8% | $9.8B+11.9% | $8.0B-4.5% | $8.1B-2.3% |
| Current Liabilities | $4.6B+28.0% | $4.0B-13.7% | $3.6B-14.3% | $3.5B-19.6% | $3.6B-20.9% | $4.7B+13.5% | $4.2B+11.4% | $4.3B+15.6% |
| Non-Current Liabilities | $4.9B-4.7% | $5.4B+4.9% | $5.2B+37.4% | $5.2B+36.3% | $5.1B+32.7% | $5.1B+10.5% | $3.8B-17.6% | $3.8B-17.0% |
| Long-Term Debt | $1.9B-22.0% | $2.5B+0.1% | $2.5B+99.8% | $2.5B+99.8% | $2.5B+99.8% | $2.5B+24.7% | $1.2B-37.5% | $1.2B-37.5% |
| Total Equity | $1.5B+53.3% | $1.4B+29.9% | $1.2B+16.4% | $986.0M+10.5% | $975.0M+5.0% | $1.0B-9.2% | $995.0M+0.1% | $892.0M+15.8% |
| Retained Earnings | $235.0M | $153.0M | $40.0M | $0 | $0 | $0-100.0% | $0-100.0% | $0 |
NTAP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $503.0M-25.3% | $950.0M+40.7% | $317.0M-17.7% | $127.0M+21.0% | $673.0M+97.4% | $675.0M+10.1% | $385.0M-20.5% | $105.0M-22.2% |
| Depreciation & Amortization | $33.0M-35.3% | $28.0M+366.7% | $48.0M-25.0% | $52.0M-17.5% | $51.0M-19.0% | $6.0M-14.3% | $64.0M+1.6% | $63.0M-1.6% |
| Stock-Based Compensation | $98.0M+18.1% | N/A | $97.0M-5.8% | $102.0M-1.0% | $83.0M-2.4% | N/A | $103.0M+15.7% | $103.0M+10.8% |
| Capital Expenditures | $102.0M+92.5% | $50.0M+42.9% | $46.0M-2.1% | $49.0M+8.9% | $53.0M+29.3% | $35.0M-23.9% | $47.0M+30.6% | $45.0M+18.4% |
| Free Cash Flow | $401.0M-35.3% | $900.0M+40.6% | $271.0M-19.8% | $78.0M+30.0% | $620.0M+106.7% | $640.0M+12.9% | $338.0M-24.6% | $60.0M-38.1% |
| Investing Cash Flow | -$674.0M-272.4% | -$180.0M+42.5% | -$483.0M-811.3% | $249.0M-55.9% | -$181.0M-254.9% | -$313.0M-5.4% | -$53.0M+87.9% | $564.0M+148.5% |
| Financing Cash Flow | -$319.0M+72.4% | -$328.0M-138.5% | -$279.0M+3.5% | -$383.0M+54.5% | -$1.2B-111.1% | $851.0M+479.9% | -$289.0M-62.4% | -$842.0M-100.0% |
| Dividends Paid | $102.0M-1.9% | $103.0M-1.9% | $103.0M-2.8% | $103.0M-2.8% | $104.0M-2.8% | $105.0M+1.0% | $106.0M+2.9% | $106.0M+2.9% |
| Share Buybacks | $200.0M-33.3% | $200.0M-20.0% | $200.0M0.0% | $250.0M-16.7% | $300.0M-25.0% | $250.0M+150.0% | $200.0M+100.0% | $300.0M0.0% |
NTAP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.0%-0.5pp | 96.1% | 70.6%+0.8pp | 72.0%+1.0pp | 78.5%+7.3pp | 111.8% | 69.8%-1.9pp | 71.0%-0.1pp |
| Operating Margin | 26.6%+4.5pp | 37.4%+4.8pp | 25.3%+3.3pp | 23.4%+2.6pp | 22.1%+3.8pp | 32.6%-2.0pp | 22.1%-0.7pp | 20.8%+1.4pp |
| Net Margin | 20.6%+4.0pp | 28.4%-3.4pp | 19.5%+1.3pp | 17.9%-0.1pp | 16.7%+0.6pp | 31.9%+4.3pp | 18.2%-1.3pp | 18.0%+3.1pp |
| Return on Equity | 25.1%+1.2pp | 29.9%-2.8pp | 28.8%-1.2pp | 30.9%-2.6pp | 23.9%-2.8pp | 32.7%+7.3pp | 30.0%-1.4pp | 33.5%+3.3pp |
| Return on Assets | 3.4%+1.0pp | 3.8%+0.6pp | 3.4%0.0pp | 3.2%-0.2pp | 2.4%-0.2pp | 3.1%+0.2pp | 3.3%0.0pp | 3.3%+0.8pp |
| Current Ratio | 1.24-0.1x | 1.44+0.2x | 1.39+0.5x | 1.34+0.4x | 1.31+0.4x | 1.25+0.1x | 0.93-0.2x | 0.91-0.2x |
| Debt-to-Equity | 1.30-1.3x | 1.84-0.5x | 2.15+0.9x | 2.52+1.1x | 2.55+1.2x | 2.39+0.7x | 1.25-0.8x | 1.39-1.2x |
| Asset Turnover | 0.170.0x | 0.130.0x | 0.170.0x | 0.180.0x | 0.140.0x | 0.100.0x | 0.180.0x | 0.180.0x |
| FCF Margin | 22.1%-22.3pp | 63.3%+3.4pp | 15.8%-4.8pp | 4.6%+0.9pp | 44.4%+24.9pp | 60.0%+6.3pp | 20.6%-7.3pp | 3.6%-2.6pp |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| NetApp, Inc NTAP | FY2026 | $6.2B | $1.3B | 20.5% | $39.1B | 72/100 |
| Toast, Inc. TOST | FY2025 | $6.2B | $342.0M | 5.6% | $18.5B | 58/100 |
| MongoDB, Inc. MDB | FY2026 | $2.5B | -$71.2M | -2.9% | $30.1B | 63/100 |
| Samsara Inc. IOT | FY2026 | $1.6B | -$9.1M | -0.6% | $22.5B | 50/100 |
| F5 FFIV | FY2025 | $3.1B | $692.4M | 22.4% | $22.6B | 68/100 |
| Affirm Holdings, Inc. AFRM | FY2026 | $4.3B | $1.9B | 45.3% | $22.9B | 34/100 |
Where NetApp, Inc Ranks
Frequently Asked Questions
What is NetApp, Inc's annual revenue?
NetApp, Inc (NTAP) reported $6.2B in total revenue for fiscal year 2026. This represents a 5.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NetApp, Inc's revenue growing?
NetApp, Inc (NTAP) revenue grew by 5.6% year-over-year, from $5.9B to $6.2B in fiscal year 2026.
Is NetApp, Inc profitable?
Yes, NetApp, Inc (NTAP) reported a net income of $1.3B in fiscal year 2026, with a net profit margin of 20.5%.
What is NetApp, Inc's EBITDA?
NetApp, Inc (NTAP) had EBITDA of $1.9B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does NetApp, Inc have?
As of fiscal year 2026, NetApp, Inc (NTAP) had $2.1B in cash and equivalents against $2.5B in long-term debt.
What is NetApp, Inc's gross margin?
NetApp, Inc (NTAP) had a gross margin of 78.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is NetApp, Inc's operating margin?
NetApp, Inc (NTAP) had an operating margin of 26.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is NetApp, Inc's net profit margin?
NetApp, Inc (NTAP) had a net profit margin of 20.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does NetApp, Inc pay dividends?
Yes, NetApp, Inc (NTAP) paid $2.08 per share in dividends during fiscal year 2026.
What is NetApp, Inc's return on equity (ROE)?
NetApp, Inc (NTAP) has a return on equity of 94.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is NetApp, Inc's free cash flow?
NetApp, Inc (NTAP) generated $1.9B in free cash flow during fiscal year 2026. This represents a 39.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is NetApp, Inc's operating cash flow?
NetApp, Inc (NTAP) generated $2.1B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are NetApp, Inc's total assets?
NetApp, Inc (NTAP) had $10.7B in total assets as of fiscal year 2026, including both current and long-term assets.
What are NetApp, Inc's capital expenditures?
NetApp, Inc (NTAP) invested $198.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does NetApp, Inc spend on research and development?
NetApp, Inc (NTAP) invested $991.0M in research and development during fiscal year 2026.
What is NetApp, Inc's current ratio?
NetApp, Inc (NTAP) had a current ratio of 1.44 as of fiscal year 2026, which is considered adequate.
What is NetApp, Inc's debt-to-equity ratio?
NetApp, Inc (NTAP) had a debt-to-equity ratio of 1.84 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NetApp, Inc's return on assets (ROA)?
NetApp, Inc (NTAP) had a return on assets of 11.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is NetApp, Inc's P/E ratio?
NetApp, Inc (NTAP) trades at 27.6x earnings, its market capitalization divided by net income of $1.4B net income, trailing 12 months to July 31, 2026. The market capitalization is $39.1B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NetApp, Inc's price-to-sales ratio?
NetApp, Inc (NTAP) trades at 5.9x sales, its market capitalization divided by revenue of $6.7B revenue, trailing 12 months to July 31, 2026. The market capitalization is $39.1B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NetApp, Inc's Altman Z-Score?
NetApp, Inc (NTAP) has an Altman Z-Score of 3.81, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is NetApp, Inc's Piotroski F-Score?
NetApp, Inc (NTAP) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NetApp, Inc's earnings high quality?
NetApp, Inc (NTAP) has an earnings quality ratio of 1.62x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can NetApp, Inc cover its interest payments?
NetApp, Inc (NTAP) has an interest coverage ratio of 15.36x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is NetApp, Inc?
NetApp, Inc (NTAP) scores 72 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.