Stock · NTAP · Technology
United States · Large Cap · listed since 1995 · Revenue 12 mo. $7.4B
Price as of 11/06/2026
NetApp, Inc. develops enterprise software, systems, and services to transform data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
NetApp, Inc. develops enterprise software, systems, and services to transform data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp Cloud Volumes ONTAP. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services include storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments. Further, it offers ransomware protection, data backup and recovery, and disaster recovery. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners, including the cloud providers. The company has a strategic alliance with Commvault Systems, Inc. to develop an integrated solution for enterprise data protection and cyber resilience; and Super Micro Computer, Inc. to build integrated AI infrastructure solutions. NetApp, Inc. was incorporated in 1992 and is based in San Jose, California.
Original text from the data provider
Summary
60.6 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €1.7B (2026), it supports €18.6B. The remaining €13.4B of the market value assume it grows 7.6% a year for 10 years and not at all afterwards.
Required FCF growth per year
7.6%
no growth afterwards
Price to operating cash flow 17.8×, above its usual range.
Middle half of 20 quarters: 12.1× to 15.6×, median 14.1×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
Since the last quarter
Q2 → Q3 2026
3 more unchanged: Gross margin, Shares outstanding, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 94.45% | 14.60% | Rank 98 |
| Return on capital (Greenblatt) | 65.83% | 29.77% | Rank 72 |
| EBIT margin | 24.48% | 17.40% | Rank 69 |
| FCF margin | 26.99% | 18.54% | Rank 76 |
| Gross margin | 70.74% | 48.47% | Rank 78 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 5.37% | 12.70% | Rank 23 |
| Earnings growth, 3 years per year | 3.45% | 9.54% | Rank 35 |
| Earnings growth, 5 years per year | 14.70% | 14.07% | Rank 53 |
| Sustainable growth (ROE × retained earnings) | 2.86% | 2.87% | Rank 50 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 3.79% | 2.64% | Rank 67 |
| FCF yield | 5.23% | 3.06% | Rank 72 |
| EV/saleslower is better | 5.04 | 5.18 | Rank 52 |
| EV/EBITlower is better | 20.58 | 26.24 | Rank 64 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 39.11% | −0.59% | Rank 85 |
| Share price, 6 months | 43.86% | −4.46% | Rank 93 |
| Share price, 3 months | −5.60% | −5.84% | Rank 50 |
| Distance from 52-week high | −29.26% | −33.23% | Rank 58 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −1.82% | 1.65% | Rank 72 |
| Change in share countlower is better | −4.78% | −0.17% | Rank 92 |
| Dividend streak in years | 12 | 8 | Rank 77 |
| Price reaction to results, market-adjusted | 1.43% | −1.57% | Rank 67 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 12.57% | 53.98% | Rank 7 |
| Net debt/EBITDAlower is better | −0.44 | −0.20 | Rank 57 |
| Debt to equitylower is better | 2.02 | 0.33 | Rank 6 |
| Volatility, 1 yearlower is better | 47.01% | 50.37% | Rank 63 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF | Shares | Net debt |
|---|---|---|---|---|---|
| 2017 | 5.5 | 12.1% | $811.0M | 281M | −$321.0M |
| 2018 | 5.9 | 19.0% | $1.3B | 276M | −$1.0B |
| 2019 | 6.1 | 19.9% | $1.2B | 259M | −$532.0M |
| 2020 | 5.4 | 17.5% | $936.0M | 233M | −$846.0M |
| 2021 | 5.7 | 18.0% | $1.2B | 226M | −$2.0B |
| 2022 | 6.3 | 18.3% | $985.0M | 229M | −$1.2B |
| 2023 | 6.4 | 16.0% | $868.0M | 220M | $73.0M |
| 2024 | 6.3 | 19.4% | $1.5B | 213M | $749.0M |
| 2025 | 6.6 | 20.3% | $1.3B | 209M | $749.0M |
| 2026 | 6.9 | 24.5% | $1.9B | 199M | $663.0M |
5 of 7 StockScorer Score rules met · How the score is built
NetApp Inc mainly meets criteria in the Profitability category. Result from 18 strategies checked.
NetApp Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
5 of 7 rules met
8 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for NetApp Inc.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 26.4 | 35.1 |
| P/B ratio | 24.9 | 5.5 |
| Return on equity (ROE) | 94.4% | 14.6% |
| Equity ratio | 12.6% | 54.0% |
| Debt-to-equity (D/E) | 2.02 | 0.33 |
| Dividend yield | 1.2% | 0.9% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| NTAP | NetApp Incthis page | |
| ZS | Zscaler Inc | locked |
| TWLO | Twilio Inc | Low4.5 |
| OKTA | Okta Inc | Low2.7 |
| CPAY | Corpay Inc | locked |
| CRWV | CoreWeave, Inc. Class A Common Stock | locked |
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Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
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