NetApp, Inc.(NTAP) Stock Research - Grey Stern Research
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NetApp, Inc. (NTAP) Stock Analysis

$126.05 (1.92%)

NTAP Financial Performance


Use the table below to view NetApp, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2025

Metric Value Ranking among Peers
Price $126.05 -
52 Week Low $83.80 -
52 Week High $135.45 -
Market Cap $25.6 Billion 4/12
Gross Margin 71% 3/12
Profit Margin 18% 2/12
EBITDA margin 26% 2/12
Q2 - 2025 Revenue $1.7 Billion 7/12
Q2 - 2025 Earnings $299.0 Million 7/12
Q2 - 2025 Free Cash Flow $60.0 Million 3/12
Trailing 4 Quarters Revenue $6.5 Billion 7/12
Trailing 4 Quarters Earnings $1.2 Billion 5/12
Quarterly Earnings Growth 28% 7/12
Annual Earnings Growth 69% 7/12
Quarterly Revenue Growth 6% 7/12
Annual Revenue Growth 10% 6/12
Cash On Hand $1.5 Billion 6/12
Short Term Debt $790.0 Million 4/12
Long Term Debt $1.5 Billion 6/12

NetApp, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare NetApp, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 22.26 5/12
PS 3.96 4/12
PB 28.73 1/12
PC 17.34 3/12
Liabilities to Equity 9.09 3/12
ROA 0.13 3/12
ROE 1.29 2/12
Current Ratio 1.11 9/12
Quick Ratio 0.27 8/12
Long Term Debt to Equity 1.64 3/12
Debt to Equity 2.52 3/12
Burn Rate -34.29 11/12
Cash to Cap 0.06 8/12
CCR 0.20 6/12
EV to EBITDA 60.27 5/12
EV to Revenue 4.08 4/12

Company Details

NetApp, Inc. provides software, systems, and cloud services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud storage services, including NetApp Cloud Volumes; cloud control solutions, such as NetApp Cloud Manager and NetApp Virtual Desktop Service; cloud services and analytics comprising NetApp Cloud Insights, NetApp Cloud Sync, NetApp Cloud Compliance, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Cloud Backup, and NetApp Global File Cache; and Cloud Optimization solutions, such as Spot by NetApp, Spot Cloud Analyzer by NetApp, Spot Eco by NetApp, Spot Ocean by NetApp, Spot Wave by NetApp, Spot Elastigroup by NetApp, and NetApp Virtual Desktop Managed Service. It provides data storage solutions comprising NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, NetApp SolidFire, and NetApp HCI; data protection solutions, such as NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Data Availability Services; and data management solutions, including NetApp ONTAP Storage Management System, NetApp ElementOS software, NetApp SANtricity software, NetApp Active IQ Digital Advisor, OnCommand Insight, and OnCommand Workflow Automation. In addition, the company offers application-aware data management service under the NetApp Astra name; and payment solutions and storage-as-a-service under the NetApp Keystone name. Further, it provides assessment, design, consulting, and implementation services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

CEO: Mr. George Kurian

Website: https://www.netapp.com

Address: 1395 Crossman Ave Sunnyvale, CALIFORNIA

Exchange: NASDAQ Global Select

Industry: Computer Hardware

NetApp, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to NetApp, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
HP Inc. HPQ $31.1 Billion
Western Digital Corporation WDC $23.7 Billion
Seagate Technology Holdings plc STX $22.9 Billion
Pure Storage, Inc. PSTG $23.6 Billion
Arista Networks, Inc. ANET $163.5 Billion
3D Systems Corporation DDD $412.3 Million
Super Micro Computer, Inc. SMCI $19.8 Billion
Logitech International S.A. LOGI $13.0 Billion
Stratasys Ltd. SSYS $656.5 Million
Nano Dimension Ltd. NNDM $513.0 Million
Dell Technologies Inc. DELL $80.8 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
NTAP Income Statements
Quarter Year Revenue Earnings
Q2 2025 $ 1.7 Billion $299.0 Million
Q1 2025 $ 1.5 Billion $248.0 Million
Q4 2024 $ 1.7 Billion $291.0 Million
Q3 2024 $ 1.6 Billion $313.0 Million
Q2 2024 $ 1.6 Billion $233.0 Million
Q1 2024 $ 1.4 Billion $149.0 Million
Q4 2023 $ 1.6 Billion $245.0 Million
Q3 2023 $ 1.5 Billion $65.0 Million

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NTAP Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2025 $1.5 Billion $9.0 Billion $2.3 Billion $892.0 Million
Q1 2025 $1.7 Billion $9.3 Billion $2.6 Billion $929.0 Million
Q4 2024 $3.3 Billion $9.9 Billion $2.4 Billion $1.1 Billion
Q3 2024 $1.8 Billion $9.4 Billion $2.7 Billion $994.0 Million
Q2 2024 $2.6 Billion $9.1 Billion $2.4 Billion $770.0 Million
Q1 2024 $3.0 Billion $9.3 Billion $2.4 Billion $873.0 Million
Q4 2023 $0 $9.8 Billion $2.4 Billion $1.2 Billion
Q3 2023 $2.6 Billion $9.7 Billion $2.4 Billion $1.1 Billion

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NTAP Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2025 $60.0 Million -$45.0 Million -$172.0 Million
Q1 2025 $300.0 Million -$41.0 Million -$251.0 Million
Q4 2024 $567.0 Million -$46.0 Million $89.0 Million
Q3 2024 $448.0 Million -$36.0 Million -$115.0 Million
Q2 2024 $97.0 Million -$38.0 Million -$85.0 Million
Q1 2024 $418.0 Million -$35.0 Million -$296.0 Million
Q4 2023 $196.0 Million -$39.0 Million -$324.0 Million
Q3 2023 $319.0 Million -$58.0 Million -$30.0 Million

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