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NetApp NTAP Price / earnings

Price / earnings at other companies

International Business Machines logo
International Business MachinesIBM
21.2×-21.0×
Dell Technologies logo
Dell TechnologiesDELL
16.2×+1.7×
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
24.5×+9.9×
TD SYNNEX logo
TD SYNNEXSNX
12.8×-4.1×
Western Digital logo
Western DigitalWDC
22.6×+14.1×
Seagate Technology Holdings PLC logo
Seagate Technology Holdings PLCSTX
36.9×+24.9×

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/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 price / earnings?
NetApp (NTAP) reported price / earnings of 17.1× in Q1 2026.
How has NetApp's price / earnings changed year-over-year?
NetApp's price / earnings increased by 11.7% year-over-year, from 15.3× to 17.1×.
What is the long-term trend for NetApp's price / earnings?
Over 5 years (2021 to 2026), NetApp's price / earnings has grown at a -1.0% compound annual growth rate (CAGR), from 74.3× to 70.6×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.