Skip to content
Screener

NetApp NTAP Debt-to-equity

Debt-to-equity at other companies

International Business Machines logo
International Business MachinesIBM
2.3×-0.4×
Backblaze, Inc. logo
Backblaze, Inc.BLZE
0.7×+0.1×
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
0.9×+0.2×
Snowflake logo
SnowflakeSNOW
0.3×+0.1×
Western Digital logo
Western DigitalWDC
0.2×-1.3×
Seagate Technology Holdings PLC logo
Seagate Technology Holdings PLCSTX
1.6×

Other financials

Income statement

See full
Revenue$1.9B+12.5%
Gross profit$1.4B+14.4%
Operating income$532.0M+52.9%
Net income$404.0M+18.8%
EPS (diluted)$2.03+23.8%

Balance sheet

See full
Cash & equivalents$2.1B-24.5%
Total debt$2.7B-21.7%
Total equity$1.4B+29.9%
Total assets$10.7B-0.7%

Cash flow

See full
Operating cash flow$950.0M+40.7%
CapEx$50.0M+42.9%
Free cash flow$900.0M+40.6%

Valuation

See full
Market cap$35.03B+69.6%
Enterprise value$35.69B+67.4%
P/E27.5×+9.8×
P/S5.1×+1.9×

Profitability

See full
Gross margin70.7%+0.6pp
Operating margin24.2%+3.8pp
Net margin18.4%+0.4pp
FCF margin27%+6.6pp

Returns & leverage

See full
Return on equity106.7%-1.8pp
Current ratio1.4×+0.2×

Where this comes from

Calculated from NetApp’s reported figures.

Based on the most recent quarter.

The source filing: NetApp’s 10-K, filed June 5, 2026. Open the filing →

Filed
Jun 5, 2026, 4:30 PM EDT
Fiscal year
FY2026
Accession
0001193125-26-259683

FAQ

What is NetApp's debt-to-equity?
NetApp (NTAP) reported debt-to-equity of 2× in Q1 2026.
How has NetApp's debt-to-equity changed year-over-year?
NetApp's debt-to-equity decreased by 39.7% year-over-year, from 3.4× to 2×.
What is the long-term trend for NetApp's debt-to-equity?
Over 5 years (2021 to 2026), NetApp's debt-to-equity has grown at a -12.8% compound annual growth rate (CAGR), from 4× to 2×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Ask your AI about NetApp's debt-to-equity.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude