NetApp Financial Statements From 2010 to 2024

NTAP Stock  USD 122.43  7.17  5.53%   
NetApp financial statements provide useful quarterly and yearly information to potential NetApp Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on NetApp financial statements helps investors assess NetApp's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting NetApp's valuation are summarized below:
Gross Profit
4.2 B
Profit Margin
0.1701
Market Capitalization
26.5 B
Enterprise Value Revenue
3.9565
Revenue
6.4 B
There are currently one hundred twenty fundamental ratios for NetApp that can be evaluated and compared over time across peers in the industry. Investors and active traders are advised to check NetApp's last-minute fundamental performance against the performance between 2010 and 2024 to make sure the trends are evolving in the right direction. As of 11/28/2024, Market Cap is likely to drop to about 6.4 B. In addition to that, Enterprise Value is likely to drop to about 6.2 B

NetApp Total Revenue

4 Billion

Check NetApp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NetApp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 173.1 M, Interest Expense of 44.1 M or Total Revenue of 4 B, as well as many indicators such as Price To Sales Ratio of 2.89, Dividend Yield of 0.0258 or PTB Ratio of 24.21. NetApp financial statements analysis is a perfect complement when working with NetApp Valuation or Volatility modules.
  
Check out the analysis of NetApp Correlation against competitors.

NetApp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets6.2 B9.9 B8.7 B
Pretty Stable
Short and Long Term Debt Total2.8 B2.7 BB
Slightly volatile
Other Current LiabilitiesB973 M716.2 M
Slightly volatile
Total Current Liabilities2.2 B4.1 B3.3 B
Slightly volatile
Total Stockholder Equity1.9 B1.1 B2.1 B
Slightly volatile
Property Plant And Equipment Net647.9 M851 M780.4 M
Pretty Stable
Current Deferred Revenue1.1 B2.2 B1.7 B
Slightly volatile
Accounts Payable542.9 M517 M378.8 M
Slightly volatile
Cash2.6 B1.9 BB
Slightly volatile
Non Current Assets Total5.2 BB3.3 B
Slightly volatile
Non Currrent Assets Other346.1 M243 M512.5 M
Slightly volatile
Cash And Short Term InvestmentsB3.3 B4.2 B
Pretty Stable
Net Receivables630.5 MB854.2 M
Slightly volatile
Common Stock Shares Outstanding252.4 M213 M277.3 M
Slightly volatile
Short Term Investments1.3 B1.4 B1.8 B
Slightly volatile
Liabilities And Stockholders Equity6.2 B9.9 B8.7 B
Pretty Stable
Non Current Liabilities Total4.9 B4.6 B3.6 B
Slightly volatile
Inventory98 M186 M133.8 M
Slightly volatile
Other Current Assets612.4 M446 M386.5 M
Slightly volatile
Total Liabilities9.2 B8.7 B6.9 B
Slightly volatile
Total Current AssetsB4.9 B5.6 B
Very volatile
Short Term Debt425.6 M440 M546.5 M
Slightly volatile
Common Stock1.1 B997 MB
Slightly volatile
Common Stock Total Equity750.9 M1.1 B1.1 B
Very volatile
Property Plant And Equipment Gross2.4 B2.3 B1.2 B
Slightly volatile
Other Liabilities3.1 B2.9 B2.2 B
Slightly volatile
Other Assets1.4 B1.4 B693 M
Slightly volatile
Property Plant Equipment741.8 M747.5 M782.6 M
Pretty Stable
Good Will3.3 B3.2 B1.7 B
Slightly volatile
Intangible Assets95.7 M124 M123.1 M
Pretty Stable
Warrants70.9 M56.3 M66.2 M
Slightly volatile
Capital Surpluse3.2 BB3.6 B
Slightly volatile
Deferred Long Term Liabilities100 M105.3 M833.4 M
Slightly volatile
Non Current Liabilities Other251.8 M265 M843.5 M
Slightly volatile
Long Term Debt Total1.7 B2.7 B1.6 B
Slightly volatile
Short and Long Term Debt590.2 M360 M692.5 M
Slightly volatile
Long Term Investments21.1 M26.1 M27.4 M
Slightly volatile
Net Invested Capital2.6 B3.5 B3.8 B
Slightly volatile
Net Working Capital1.4 B791 M1.9 B
Slightly volatile
Capital Stock847.5 M997 M969 M
Slightly volatile

NetApp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization173.1 M255 M238.4 M
Very volatile
Total RevenueB6.3 B5.5 B
Pretty Stable
Gross Profit2.5 B4.4 B3.5 B
Slightly volatile
Other Operating Expenses3.4 BB4.7 B
Pretty Stable
Operating Income1.3 B1.2 B854 M
Slightly volatile
EBIT1.4 B1.3 B870.3 M
Slightly volatile
Research Development567.2 MB799 M
Slightly volatile
EBITDA1.7 B1.6 B1.1 B
Slightly volatile
Cost Of Revenue1.5 B1.8 BB
Very volatile
Total Operating ExpensesB3.2 B2.7 B
Pretty Stable
Income Before Tax1.3 B1.3 B856 M
Slightly volatile
Net IncomeB986 M671.9 M
Slightly volatile
Selling General Administrative220 M308 M257.3 M
Slightly volatile
Net Income Applicable To Common Shares1.5 B1.5 B740 M
Slightly volatile
Selling And Marketing Expenses1.5 B1.8 B1.7 B
Pretty Stable
Net Income From Continuing Ops762.9 M986 M698.2 M
Slightly volatile
Non Recurring170.3 M162.2 M66.3 M
Slightly volatile
Interest Income62.7 M112 M52.2 M
Pretty Stable
Reconciled Depreciation236.2 M255 M220.7 M
Very volatile

NetApp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow1.6 B2.3 B2.5 B
Slightly volatile
Depreciation168.4 M255 M229.7 M
Pretty Stable
Capital Expenditures168.7 M155 M189.3 M
Pretty Stable
Total Cash From Operating Activities903 M1.7 B1.2 B
Pretty Stable
Net IncomeB986 M671.9 M
Slightly volatile
End Period Cash Flow1.7 B1.9 B2.5 B
Slightly volatile
Stock Based Compensation187.8 M357 M220 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.893.36262.6549
Very volatile
Dividend Yield0.02580.01970.0278
Very volatile
PTB Ratio24.2118.391521.9348
Slightly volatile
Days Sales Outstanding60.0558.639958.9217
Pretty Stable
Book Value Per Share3.095.50964.9335
Slightly volatile
Free Cash Flow Yield0.07060.07260.082
Very volatile
Operating Cash Flow Per Share6.08.1015.1744
Slightly volatile
Stock Based Compensation To Revenue0.03430.0570.0409
Slightly volatile
Capex To Depreciation0.780.60780.6764
Slightly volatile
PB Ratio24.2118.391521.9348
Slightly volatile
EV To Sales2.543.48212.4071
Pretty Stable
Free Cash Flow Per Share5.277.35584.5972
Slightly volatile
ROIC0.240.26790.2766
Slightly volatile
Inventory Turnover16.929.865612.5562
Pretty Stable
Net Income Per Share3.294.74043.1489
Slightly volatile
Days Of Inventory On Hand21.5736.997330.5299
Pretty Stable
Payables Turnover4.593.54935.2553
Slightly volatile
Sales General And Administrative To Revenue0.04470.04910.0486
Pretty Stable
Research And Ddevelopement To Revenue0.150.16420.1529
Slightly volatile
Capex To Revenue0.02820.02470.0269
Slightly volatile
Cash Per Share21.015.663517.4706
Pretty Stable
POCF Ratio12.4412.508413.0348
Slightly volatile
Interest Coverage13.9318.968816.3807
Slightly volatile
Payout Ratio0.580.42190.4537
Slightly volatile
Capex To Operating Cash Flow0.120.0920.1319
Slightly volatile
PFCF Ratio14.1613.775616.0991
Slightly volatile
Days Payables Outstanding79.4710377.3579
Slightly volatile
Income Quality1.831.70891.6851
Pretty Stable
ROE1.070.86041.4885
Pretty Stable
EV To Operating Cash Flow10.9712.952911.7571
Pretty Stable
PE Ratio22.7121.375920.3142
Slightly volatile
Return On Tangible Assets0.10.14080.1223
Slightly volatile
EV To Free Cash Flow12.4814.265114.581
Slightly volatile
Earnings Yield0.0440.04680.0573
Pretty Stable
Intangibles To Total Assets0.230.29160.2143
Slightly volatile
Current Ratio1.741.19261.7197
Slightly volatile
Receivables Turnover6.086.22446.3382
Slightly volatile
Graham Number15.1124.241516.1271
Slightly volatile
Shareholders Equity Per Share3.095.50964.9335
Slightly volatile
Debt To Equity3.842.08733.2266
Slightly volatile
Capex Per Share0.730.74520.5773
Slightly volatile
Revenue Per Share25.8730.134622.822
Slightly volatile
Interest Debt Per Share12.1911.80777.7512
Slightly volatile
Debt To Assets0.280.24190.1995
Slightly volatile
Enterprise Value Over EBITDA11.2913.796210.6637
Very volatile
Short Term Coverage Ratios3.334.212591.6856
Slightly volatile
Price Earnings Ratio22.7121.375920.3142
Slightly volatile
Operating Cycle81.6295.637289.4516
Pretty Stable
Price Book Value Ratio24.2118.391521.9348
Slightly volatile
Days Of Payables Outstanding79.4710377.3579
Slightly volatile
Dividend Payout Ratio0.580.42190.4537
Slightly volatile
Price To Operating Cash Flows Ratio12.4412.508413.0348
Slightly volatile
Price To Free Cash Flows Ratio14.1613.775616.0991
Slightly volatile
Pretax Profit Margin0.170.20150.1675
Slightly volatile
Ebt Per Ebit0.931.04041.0064
Very volatile
Operating Profit Margin0.180.19370.1661
Slightly volatile
Effective Tax Rate0.240.21930.2009
Pretty Stable
Company Equity Multiplier13.668.627414.3962
Pretty Stable
Long Term Debt To Capitalization0.790.63480.5784
Slightly volatile
Total Debt To Capitalization0.790.67610.6054
Slightly volatile
Return On Capital Employed0.170.210.202
Very volatile
Debt Equity Ratio3.842.08733.2266
Slightly volatile
Ebit Per Revenue0.180.19370.1661
Slightly volatile
Quick Ratio1.711.14731.6579
Slightly volatile
Dividend Paid And Capex Coverage Ratio2.262.9512.6391
Pretty Stable
Net Income Per E B T0.760.78070.7991
Pretty Stable
Cash Ratio1.330.46351.0872
Slightly volatile
Operating Cash Flow Sales Ratio0.230.26880.2168
Slightly volatile
Days Of Inventory Outstanding21.5736.997330.5299
Pretty Stable
Days Of Sales Outstanding60.0558.639958.9217
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.880.9080.8681
Slightly volatile
Cash Flow Coverage Ratios0.510.70449.0778
Slightly volatile
Price To Book Ratio24.2118.391521.9348
Slightly volatile
Fixed Asset Turnover10.947.36557.667
Very volatile
Capital Expenditure Coverage Ratio8.2310.8718.4161
Slightly volatile
Price Cash Flow Ratio12.4412.508413.0348
Slightly volatile
Enterprise Value Multiple11.2913.796210.6637
Very volatile
Debt Ratio0.280.24190.1995
Slightly volatile
Cash Flow To Debt Ratio0.510.70449.0778
Slightly volatile
Price Sales Ratio2.893.36262.6549
Very volatile
Return On Assets0.0780.09970.096
Very volatile
Asset Turnover0.610.6340.7192
Slightly volatile
Net Profit Margin0.130.15730.1337
Slightly volatile
Gross Profit Margin0.660.70720.6625
Slightly volatile
Price Fair Value24.2118.391521.9348
Slightly volatile
Return On Equity1.070.86041.4885
Pretty Stable

NetApp Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap6.4 B8.6 B9.1 B
Very volatile
Enterprise Value6.2 B8.4 B8.9 B
Very volatile

NetApp Fundamental Market Drivers

Forward Price Earnings17.6367
Cash And Short Term Investments3.3 B

NetApp Upcoming Events

28th of February 2024
Upcoming Quarterly Report
View
29th of May 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
29th of May 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
30th of April 2023
Last Financial Announcement
View

About NetApp Financial Statements

NetApp shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although NetApp investors may analyze each financial statement separately, they are all interrelated. The changes in NetApp's assets and liabilities, for example, are also reflected in the revenues and expenses on on NetApp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue2.2 B1.1 B
Total Revenue6.3 BB
Cost Of Revenue1.8 B1.5 B
Stock Based Compensation To Revenue 0.06  0.03 
Sales General And Administrative To Revenue 0.05  0.04 
Research And Ddevelopement To Revenue 0.16  0.15 
Capex To Revenue 0.02  0.03 
Revenue Per Share 30.13  25.87 
Ebit Per Revenue 0.19  0.18 

Pair Trading with NetApp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NetApp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NetApp will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to NetApp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetApp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NetApp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NetApp Inc to buy it.
The correlation of NetApp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NetApp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetApp Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NetApp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for NetApp Stock Analysis

When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.