Score Your Stock

US stock · figures in US dollars · scored on full-year results

NetApp NetApp, Inc.

NTAP · Technology · Software - Infrastructure
Top 50% of scored stocks
OkayTop 50% of scored stocks
Weak Spot

NetApp scores 54/100 on fundamentals: in the top 50% of 503 scored S&P 500 stocks. Its strongest area is Business Strength (90/100); its weakest is Price Fairness (0/100). It carries 1 warning flag: Weak Spot.

Best
Business 90
Weakest
Price 0
  • Carries a Weak Spot flag

An expensively priced stock, but price fairness needs attention.

Mkt capUS$ 39.1b#277 of 503 in the S&P 500EPSUS$ 7.09P/E27.5×✓ vs sector median 31.8×P/B26.1×✗ vs sector median 7.4×Div yield1%Bottom 43% in the S&P 50052w range · 72% of range93.69240.87
as of 31 Oct 2026

Nearby peers

Ranks #56 of 86 in Technology by score

One-Minute Summary

Why NetApp scores 54

An expensively priced stock, but price fairness needs attention.

Business Strength

90
Why 90?
Pillar score: (2 + 1 + 2 + 2 + 2) = 9 of 10 points → 90
Return on Equity (ROE)95%Strong4-Year Revenue Growth+6%/yrOkay4-Year Profit Growth+13%/yrStrongNet Profit Margin19%StrongQuarterly Momentum+12%Strong
Show 3 charts

Net Profit & Equity, with ROE

Net Profit ↑ +43.8%Equity ↑ +30.5%ROE % 94.8%
Net ProfitEquityROE %
986m1.2b1.3b1.4b1.1b1.0b1.4b1.5b202420252026TTM86%114%94.4%94.8%

Revenue & Net Profit, with Net Margin

Revenue ↑ +17.9%Net Profit ↑ +43.8%Net Margin % 19.2%
RevenueNet ProfitNet Margin %
6.3b6.6b6.9b7.4b986m1.2b1.3b1.4b202420252026TTM15.7%18%18.4%19.2%

Sales grew about 17.9% over 4 years: customers keep spending more with this company.

Profit climbed about 43.8% over 4 years: the business keeps more money as it grows.

Recent Quarters: Revenue & Net Profit (the last 8 quarters, scored)

Revenue ↑ +22.1%Net Profit ↑ +25.4%Net Margin % 18.5%
RevenueNet ProfitNet Margin %
1.7b1.6b1.7b1.6b1.7b1.7b1.9b2.0b299m299m340m233m305m334m404m375mQ4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'2618%18.2%19.6%14.9%17.9%19.5%20.7%18.5%
▲▬▲▼▬▲▲▲

Sales grew about 22.1% over the last 8 quarters: customers keep spending more with this company.

Profit grew about 25.4% over the last 8 quarters: the business is keeping more of what it earns.

Why 50?
Pillar score: (0 + 1 + 2) = 3 of 6 points → 50
Debt-to-Equity1.7×WeakCurrent Ratio1.2×OkayInterest Coverage17.8×Strong
Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↓ -4.4%Equity ↑ +30.5%D/E 1.7×
Total DebtEquityD/E
2.7b3.5b2.7b2.5b1.1b1.0b1.4b1.5b202420252026TTM2.3×3.4×2×1.7×

Borrowings have stayed roughly level: manageable, as long as profits stay healthy.

Short-term assets vs bills, with Current Ratio

Current Assets ↑ +15.8%Current Liabilities ↑ +11.3%Current Ratio 1.2×
Current AssetsCurrent LiabilitiesCurrent Ratio
4.9b5.9b5.8b5.7b4.1b4.7b4.0b4.6b202420252026TTM1.2×1.3×1.4×1.2×
Why 63?
Pillar score: (0 + 2 + 2 + 1) = 5 of 8 points → 63
Dividend Quality1%Weak
Payout ratio: 29%
Operating Cash FlowPositive & growingStrongFree Cash FlowPositive & growingStrongCash & Cash EquivalentsPartly healthyOkay
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↑ +12.6%Free CF ↑ +7.8%
Operating CFFree CF
1.7b1.5b2.1b1.9b1.5b1.3b1.9b1.6b202420252026TTM

The business generates real cash, and more of it each year: a very healthy sign.

Cash vs Total Debt

Cash ↓ -17.3%Total Debt ↓ -4.4%
CashTotal Debt
1.9b2.7b2.1b1.6b2.7b3.5b2.7b2.5b202420252026TTM

Dividends per Share, with Yield

DPS (cents) ↑ +4%Yield % 1%
DPS (cents)Yield %
5050505050525252525220020020820820232024202520263.3%2.5%1.9%1%

Dividends per share have been maintained or raised: management shares the rewards with you.

Why 0?
Pillar score: (0 + 0 + 0) = 0 of 6 points → 0
P/E Ratio27.5×WeakP/B Ratio26.1×WeakPEG Ratio2.1Weak
Show chart

Share Price: Weekly Closes (not part of the score)

US$ 237.15US$ 166.25US$ 95.35Oct '25Feb '26Jun '26Oct '26

The share price is up about 71.7% over the past year.

Why 67?
Pillar score: (2 + 1 + 2 + 0 + 1 + 2) = 8 of 12 points → 67
Earnings ConsistencySteadyStrongDebt Trend (4yr)StableOkayShare Count Trend (4yr)-2%/yrStrongInventory vs Sales (4yr)+20.7 pp/yr vs salesWeakAsset Turnover Trend (4yr)+6.4%OkayQuarterly Consistency0 of 4 quarters downStrong
Show chart

Revenue vs Inventory, with Inventory % of Revenue

Revenue ↑ +17.9%Inventory ↑ +101.6%Inv. % of Rev. 5.1%
RevenueInventoryInv. % of Rev.
6.3b6.6b6.9b7.4b186m186m198m375m202420252026TTM3%2.8%2.9%5.1%
Ranks #56 of 86 in Technology by score

Full Financial History

Every reported figure behind the score, year by year. Download it, or check it against the company's own annual report.

Financial YearRevenueNet ProfitOperating Cash FlowFree Cash FlowCapExCashTotal DebtShort-Term DebtEquityCurrent AssetsCurrent LiabilitiesTotal AssetsTotal LiabilitiesInventoryDividendsReturn on Equity (ROE)Net Profit MarginDebt-to-EquityCurrent RatioInterest CoverageDividend Payout RatioDiv yieldP/E RatioP/B RatioPEG Ratio
2027US$ 7.4bUS$ 1.4bUS$ 1.9bUS$ 1.6bUS$ -247.0mUS$ 1.6bUS$ 2.5bUS$ 550.0mUS$ 1.5bUS$ 5.7bUS$ 4.6bUS$ 11.0bUS$ 9.5bUS$ 375.0m-95%19%1.7×1.2×17.8×29%----
2026US$ 6.9bUS$ 1.3bUS$ 2.1bUS$ 1.9bUS$ -198.0mUS$ 2.1bUS$ 2.7b-US$ 1.4bUS$ 5.8bUS$ 4.0bUS$ 10.7bUS$ 9.4bUS$ 198.0mUS$ 208.0m94%18%2.0×1.4×16.1×32%1%30.6×28.9×585.0
2025US$ 6.6bUS$ 1.2bUS$ 1.5bUS$ 1.3bUS$ -168.0mUS$ 2.7bUS$ 3.5bUS$ 750.0mUS$ 1.0bUS$ 5.9bUS$ 4.7bUS$ 10.8bUS$ 9.8bUS$ 186.0mUS$ 208.0m114%18%3.4×1.3×22.6×36%2%17.9×20.4×-
2024US$ 6.3bUS$ 986.0mUS$ 1.7bUS$ 1.5bUS$ -155.0mUS$ 1.9bUS$ 2.7bUS$ 400.0mUS$ 1.1bUS$ 4.9bUS$ 4.1bUS$ 9.9bUS$ 8.7bUS$ 186.0mUS$ 200.0m86%16%2.3×1.2×20.7×42%2%23.7×20.4×-