Skip to content
OpenCapital
Get started

NetApp NTAP Free cash flow margin

Free cash flow margin at other companies

International Business Machines logo
International Business MachinesIBM
18.7%-1.3pp
Dell Technologies logo
Dell TechnologiesDELL
7%+3.1pp
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
10.3%+9.9pp
TD SYNNEX logo
TD SYNNEXSNX
3.1%—
Snowflake logo
SnowflakeSNOW
23.2%+3.5pp
Seagate Technology Holdings PLC logo
Seagate Technology Holdings PLCSTX
21.9%+12.9pp

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

Profitability

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

Returns & leverage

See full
Return on equity106.7%-1.8pp
Debt / equity2×-1.3×
Current ratio1.4×+0.2×

Where this comes from

Calculated from NetApp’s reported figures.

free cash flow/total revenue=27%

Based on trailing twelve months.

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

Ask your AI about NetApp's free cash flow margin.

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

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is NetApp's free cash flow margin?
NetApp (NTAP) reported free cash flow margin of 27% in Q1 2026.
How has NetApp's free cash flow margin changed year-over-year?
NetApp's free cash flow margin increased by 32.6% year-over-year, from 20.4% to 27%.
What is the long-term trend for NetApp's free cash flow margin?
Over 5 years (2021 to 2026), NetApp's free cash flow margin has grown at a 6.3% compound annual growth rate (CAGR), from 74.6% to 101.4%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.