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

Simplified Detailed

	FY'26	FY'25	FY'24	FY'23
Profitability
Gross margin	281.5%-1.6pp	283%+6.6pp	276.4%+13.2pp	263.2%-4.9pp
Operating margin	88.4%+5.6pp	82.8%+13.8pp	69%+1.9pp	67.1%-12.7pp
Net margin	72%+1.7pp	70.3%+8.5pp	61.8%-15.4pp	77.2%+16.0pp
EBITDA margin	101.2%+2.9pp	98.3%+12.7pp	85.6%+4.5pp	81.2%-11.4pp
Free cash flow margin	101.4%+18.2pp	83.2%+5.9pp	77.3%+18.6pp	58.7%-17.2pp
Returns
Return on equity	467.7%-14.1pp	481.8%+78.3pp	403.5%-142pp	545.7%-63.4pp
Return on assets	49.6%+1.3pp	48.3%+8.2pp	40.1%-11.9pp	51.9%+10.7pp
Return on invested capital	264.5%+11.0pp	253.5%-53.2pp	306.7%—	——
Efficiency
Asset turnover	2.8×0.0×	2.7×+0.2×	2.6×-0.1×	2.7×0.0×
Inventory turnover	41.4×+2.0×	39.3×-4.9×	44.2×-4.6×	48.8×-9.9×
Liquidity
Current ratio	5.5×+1.4×	4.1×-0.6×	4.7×-0.7×	5.4×-1.2×
Quick ratio	5.3×+1.5×	3.8×-0.7×	4.5×-0.6×	5.2×-1.3×
Cash ratio	2.1×+0.5×	1.7×-0.4×	2.1×-1.1×	3.2×-1.9×
Leverage
Debt-to-equity	10×-1.0×	11×-0.5×	11.5×0.0×	11.5×-3.2×
Debt-to-assets	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×-0.1×
Net debt / EBITDA	1.8×-0.2×	2×-0.2×	2.2×+2.2×	0.1×+4.1×
Per Share
Book value per share	$22.20+20.7%	$18.39+3.4%	$17.78-4.9%	$18.70+33.8%
Valuation
Market capitalization	$85.29B-8.2%	$92.93B+32.3%	$70.24B+20.7%	$58.17B-20.4%
Enterprise value	$88.38B-8.1%	$96.19B+31.4%	$73.2B+25.7%	$58.26B-13.7%
Price / earnings	70.6×-11.3×	81.9×+6.4×	75.6×+27.4×	48.1×-30.0×
Price / sales	12.7×-1.6×	14.4×+3.0×	11.3×+2.3×	9×-3.0×
Price / book	77.9×-19.4×	97.2×+22.7×	74.5×+13.8×	60.7×-31.3×
EV / EBITDA	52.2×-8.2×	60.4×+5.2×	55.1×+10.6×	44.5×-3.2×
EV / sales	13.2×-1.7×	14.9×+3.0×	11.8×+2.8×	9×-2.0×
Free cash flow yield	32.1%+8.4pp	23.6%-3.5pp	27.2%+1.1pp	26.1%+0.8pp
Earnings yield	22.8%+2.7pp	20.1%-1.9pp	22%-12.6pp	34.5%+13.9pp
Dividend yield	7.9%+0.5pp	7.4%-2.4pp	9.8%-2.3pp	12.1%+2.4pp
PEG ratio	15.7×—	——	——	2.4×-1.7×

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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.