What are NetApp's profit margins?

NetApp (NTAP) runs a 70.7% gross margin and a 24.2% operating margin, with a 18.4% net margin.

Where do NetApp's ratios come from?

Every ratio is computed from NetApp's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

NetApp NTAP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q4 '26	Q3 '26	Q2 '26	Q1 '26	Q4 '25
Profitability
Gross margin	70.7%+0.3pp	70.5%+0.2pp	70.3%+0.3pp	70%-0.2pp	70.2%-0.4pp
Operating margin	24.2%+2.0pp	22.2%+0.8pp	21.4%+0.7pp	20.7%+0.4pp	20.3%-0.5pp
Net margin	18.4%+0.4pp	18.1%+0.3pp	17.7%0.0pp	17.8%-0.3pp	18%+0.6pp
Returns
Return on equity	106.7%-5.9pp	112.6%-12.8pp	125.3%+2.3pp	123%+14.5pp	108.5%-5.8pp
Return on invested capital	68.2%+7.3pp	60.9%-9.9pp	70.8%+6.2pp	64.6%+2.4pp	62.2%+0.9pp
Efficiency
Asset turnover	0.6×-0.1×	0.7×0.0×	0.7×0.0×	0.7×+0.1×	0.6×-0.1×
Liquidity
Current ratio	1.4×0.0×	1.4×0.0×	1.3×0.0×	1.3×+0.1×	1.3×+0.3×
Leverage
Debt-to-equity	2×-0.3×	2.4×-0.4×	2.8×0.0×	2.8×-0.5×	3.4×+1.1×
Net debt / EBITDA	0.4×-0.3×	0.7×+0.2×	0.4×0.0×	0.4×-0.1×	0.5×0.0×
Per Share
Book value per share	$6.72+16.1%	$5.79+18.6%	$4.88+1.6%	$4.80-3.5%	$4.98+4.0%
Valuation
Market capitalization	$21.86B+14.5%	$19.08B-18.8%	$23.51B+12.8%	$20.84B+14.5%	$18.2B-26.7%
Price / earnings	17.1×+1.4×	15.7×-4.2×	20×+2.2×	17.8×+2.5×	15.3×-6.5×
Price / sales	3.2×+0.3×	2.8×-0.7×	3.5×+0.4×	3.2×+0.4×	2.8×-1.0×
Price / book	16.2×-0.3×	16.5×-7.4×	23.8×+2.5×	21.4×+3.9×	17.5×-7.5×
EV / EBITDA	12×+0.1×	11.9×-2.8×	14.8×+1.3×	13.5×+1.5×	12×-3.9×
Dividend yield	1.9%-0.3pp	2.2%+0.4pp	1.8%-0.2pp	2%-0.3pp	2.3%+0.6pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about NetApp.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are NetApp's profit margins?: NetApp (NTAP) runs a 70.7% gross margin and a 24.2% operating margin, with a 18.4% net margin.
Where do NetApp's ratios come from?: Every ratio is computed from NetApp's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.