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NetApp NTAP EV / EBITDA

EV / EBITDA at other companies

International Business Machines logo
International Business MachinesIBM
16.7×-7.1×
Dell Technologies logo
Dell TechnologiesDELL
11.4×+2.2×
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
11.8×+3.1×
TD SYNNEX logo
TD SYNNEXSNX
7.8×-1.8×
Western Digital logo
Western DigitalWDC
16.9×-24.8×
Seagate Technology Holdings PLC logo
Seagate Technology Holdings PLCSTX
26.8×+15.0×

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$30.33B+20.1%
Enterprise value$30.99B+18.9%
P/E23.8×+2.5×
P/S4.4×+0.5×

Profitability

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Gross margin70.7%+0.6pp
Operating margin24.2%+3.8pp
Net margin18.4%+0.4pp

Returns & leverage

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Return on equity106.7%-1.8pp
Debt / equity-1.3×
Current ratio1.4×+0.2×

Where this comes from

Calculated from NetApp’s reported figures.

Based on the most recent quarter.

The official record: NetApp’s 10-K, filed June 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NetApp's EV / EBITDA?
NetApp (NTAP) reported EV / EBITDA of 12× in Q1 2026.
How has NetApp's EV / EBITDA changed year-over-year?
NetApp's EV / EBITDA increased by 0.2% year-over-year, from 12× to 12×.
What is the long-term trend for NetApp's EV / EBITDA?
Over 5 years (2021 to 2026), NetApp's EV / EBITDA has grown at a 4.8% compound annual growth rate (CAGR), from 41.2× to 52.2×.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.