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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
NetApp's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$5.74 B | $6.32 B | $6.36 B | $6.27 B | $6.57 B |
| Cost of Revenue |
|
$1.93 B | $2.10 B | $2.15 B | $1.84 B | $1.96 B |
| Gross Profit |
|
$3.82 B | $4.22 B | $4.21 B | $4.43 B | $4.61 B |
| Research & Development |
|
$881.00 M | $881.00 M | $956.00 M | $1.03 B | $1.01 B |
| Selling,General & Administrative |
|
$2.00 B | $2.14 B | $2.09 B | $2.14 B | $2.18 B |
| Operating Expense |
|
$2.88 B | $3.02 B | $3.05 B | $3.22 B | $3.28 B |
| Operating Income |
|
$1.03 B | $1.16 B | $1.02 B | $1.21 B | $1.34 B |
| Net Income |
|
$730.00 M | $937.00 M | $1.27 B | $986.00 M | $1.19 B |
NetApp's Assets vs Liabilities & Equity
NetApp's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$4.60 B | $4.13 B | $3.07 B | $3.26 B | $3.85 B |
| Inventories |
|
$114.00 M | $204.00 M | $167.00 M | $186.00 M | $186.00 M |
| Total Current Assets |
|
$6.00 B | $5.95 B | $4.68 B | $4.90 B | $5.85 B |
| Property,Plant and Equipment |
|
$525.00 M | $602.00 M | $650.00 M | $851.00 M | $804.00 M |
| Goodwill |
|
$2.04 B | $2.35 B | $2.76 B | $2.76 B | $2.72 B |
| Total Assets |
|
$9.36 B | $10.03 B | $9.82 B | $9.89 B | $10.82 B |
| Total Liabilities |
|
$8.68 B | $9.19 B | $8.66 B | $8.74 B | $9.78 B |
| Retained Earnings |
|
$211.00 M | $122.00 M | $265.00 M | $208.00 M | - |
| Total Shareholder Equity |
|
$685.00 M | $838.00 M | $1.16 B | $1.15 B | $1.04 B |
| Common Stock |
|
$685.00 M | $760.00 M | $945.00 M | $997.00 M | $1.11 B |
NetApp's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$207.00 M | $194.00 M | $248.00 M | $255.00 M | $243.00 M |
| Dividends Payout |
|
-$427.00 M | -$446.00 M | -$432.00 M | -$416.00 M | -$424.00 M |
| Capital Expenditures (Capex) |
|
-$162.00 M | -$226.00 M | -$239.00 M | -$155.00 M | -$168.00 M |
| Free Cash Flow (FCF) |
|
$1.17 B | $985.00 M | $868.00 M | $1.53 B | $1.34 B |
NetApp's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$3.82 B | $4.22 B | $4.21 B | $4.43 B | $4.61 B |
| Gross Profit Margin (%) |
|
66.42% | 66.79% | 66.16% | 70.72% | 70.19% |
| Operating Income |
|
$1.03 B | $1.16 B | $1.02 B | $1.21 B | $1.34 B |
| Operating Income Margin (%) |
|
17.95% | 18.31% | 16.00% | 19.37% | 20.34% |
| Net Income |
|
$730.00 M | $937.00 M | $1.27 B | $986.00 M | $1.19 B |
| Net Income Margin (%) |
|
12.71% | 14.83% | 20.03% | 15.73% | 18.05% |
| EBITDA |
|
$1.30 B | $1.36 B | $1.43 B | $1.58 B | $1.69 B |
| EBITDA Margin (%) |
|
22.55% | 21.59% | 22.54% | 25.24% | 25.72% |
NetApp's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
106.57% | 111.81% | 109.92% | 86.04% | 114.04% |
| Return on Assets (ROA) |
|
7.80% | 9.35% | 12.98% | 9.97% | 10.96% |
| Debt to Equity |
|
384.23% | 314.56% | 206.13% | 231.41% | 335.67% |
| Debt to total asset |
|
28.12% | 26.29% | 24.33% | 26.82% | 32.26% |
| Enterprise value to revenue |
|
2.54 | 2.35 | 2.16 | 3.48 | 2.86 |
| Enterprise value to EBITDA |
|
11.29 | 10.88 | 9.57 | 13.80 | 11.12 |
| Enterprise value |
|
$14.62 B | $14.84 B | $13.72 B | $21.83 B | $18.79 B |
| Cash to Debt |
|
50.65% | 45.94% | 46.34% | 63.54% | 43.14% |
| Tax Rate (%) |
|
24.12% | 14.43% | -19.51% | 21.93% | 14.24% |
| Payout Ratio |
|
58.49% | 47.60% | 33.91% | 42.19% | 35.75% |
Frequently Asked Questions
