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NetApp NTAP Return on equity

Return on equity at other companies

International Business Machines logo
International Business MachinesIBM
35.9%+14.1pp
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
6.3%-0.1pp
TD SYNNEX logo
TD SYNNEXSNX
11.7%+3.3pp
Snowflake logo
SnowflakeSNOW
-55.1%+32.5pp
Western Digital logo
Western DigitalWDC
87.6%+66.1pp
Akamai Technologies logo
Akamai TechnologiesAKAM
9.2%-0.7pp

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/E23.8×+2.5×
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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Debt / equity-1.3×
Current ratio1.4×+0.2×

Where this comes from

Calculated from NetApp’s reported figures.

Based on trailing twelve months.

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 return on equity?
NetApp (NTAP) reported return on equity of 106.7% in Q1 2026.
How has NetApp's return on equity changed year-over-year?
NetApp's return on equity decreased by 1.6% year-over-year, from 108.5% to 106.7%.
What is the long-term trend for NetApp's return on equity?
Over 5 years (2021 to 2026), NetApp's return on equity has grown at a -5.0% compound annual growth rate (CAGR), from 603.2% to 467.7%.
What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.