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

	TTM Q4 '26	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25
Profitability
Gross margin	281.5%-1.6pp	280.9%-2.6pp	281.1%-2.0pp	281.9%+1.4pp	283%+6.6pp
Operating margin	88.4%+5.6pp	84.6%+2.8pp	83.2%+3.5pp	82.9%+8.3pp	82.8%+13.8pp
Net margin	72%+1.7pp	71.6%+3.6pp	71%+5.3pp	71.1%+11.8pp	70.3%+8.5pp
Returns
Return on equity	467.7%-14.1pp	469.4%+10.6pp	471.2%+37.0pp	484.3%+118pp	481.8%+78.3pp
Return on invested capital	264.5%+11.0pp	258.6%+12.0pp	259.1%-3.8pp	257.9%-6.0pp	253.5%-53.2pp
Efficiency
Asset turnover	2.8×0.0×	2.7×0.0×	2.8×+0.1×	2.8×+0.1×	2.7×+0.2×
Liquidity
Current ratio	5.5×+1.4×	5.3×+1.3×	4.8×+0.6×	4.4×0.0×	4.1×-0.6×
Leverage
Debt-to-equity	10×-1.0×	11.3×+1.4×	11.2×+0.9×	11×-0.3×	11×-0.5×
Net debt / EBITDA	1.8×-0.2×	1.9×-0.1×	1.8×-0.5×	1.8×-0.5×	2×-0.2×
Per Share
Book value per share	$22.20+20.7%	$20.45+8.8%	$19.44+3.9%	$18.81+3.8%	$18.39+3.4%
Valuation
Market capitalization	$85.29B-8.2%	$81.63B-14.8%	$87.37B-1.8%	$87.61B+9.3%	$92.93B+32.3%
Price / earnings	70.6×-11.3×	68.9×-19.1×	74.9×-10.3×	75.6×-10.6×	81.9×+6.4×
Price / sales	12.7×-1.6×	12.3×-2.6×	13.3×-0.7×	13.4×+0.6×	14.4×+3.0×
Price / book	77.9×-19.4×	79.2×-18.9×	87.7×-3.6×	90.4×+6.4×	97.2×+22.7×
EV / EBITDA	52.2×-8.2×	52.1×-11.1×	56.1×-4.5×	56.6×-1.7×	60.4×+5.2×
Dividend yield	7.9%+0.5pp	8.3%+1.3pp	7.8%+0.2pp	7.8%-0.9pp	7.4%-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.