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NetApp NTAP EV / sales

EV / sales at other companies

International Business Machines logo
International Business MachinesIBM
4.3×-0.4×
Dell Technologies logo
Dell TechnologiesDELL
1.2×+0.3×
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
1.5×+0.6×
TD SYNNEX logo
TD SYNNEXSNX
0.2×0.0×
Snowflake logo
SnowflakeSNOW
-4.3×
Western Digital logo
Western DigitalWDC
12.5×+10.5×

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$31.29B+20.1%
Enterprise value$31.95B+18.9%
P/E24.5×+2.6×
P/S4.5×+0.6×

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 / sales?
NetApp (NTAP) reported EV / sales of 3.3× in Q1 2026.
How has NetApp's EV / sales changed year-over-year?
NetApp's EV / sales increased by 12.8% year-over-year, from 2.9× to 3.3×.
What is the long-term trend for NetApp's EV / sales?
Over 5 years (2021 to 2026), NetApp's EV / sales has grown at a 9.6% compound annual growth rate (CAGR), from 8.3× to 13.2×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.