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
Returns
Return on equity	467.7%-14.1pp	481.8%+78.3pp	403.5%-142pp	545.7%-63.4pp
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×
Liquidity
Current ratio	5.5×+1.4×	4.1×-0.6×	4.7×-0.7×	5.4×-1.2×
Leverage
Debt-to-equity	10×-1.0×	11×-0.5×	11.5×0.0×	11.5×-3.2×
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%
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×
Dividend yield	7.9%+0.5pp	7.4%-2.4pp	9.8%-2.3pp	12.1%+2.4pp

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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.