NTAP NASDAQ
NetApp, Inc.
1W: +8.4%
1M: +11.6%
3M: +31.7%
YTD: +116.0%
1Y: +98.1%
3Y: +223.4%
5Y: +179.9%
$227.58
+5.50 (+2.48%)
After Hours: $229.45 (+1.87, +0.82%)
Weekly Expected Move ±6.8%
$186
$201
$215
$230
$245
Credit Risk of going bust: lower than 71% of companies Debt: 5.5% of company value Bonds: $72.3M held by 141 funds, 81 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.46 (down 99.4%), NetApp, Inc. would be worth roughly what it owes.
Total debt $2.53B against a stock market value of $43.62B.
Distance to default 7.78 (Merton model): prices to 2026-10-26, balance sheet 2026-07-31, debt counted $1.52B (short-term plus half of long-term), stock volatility 44.4%; Altman Z 4.18. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.46 (down 99.4%), NetApp, Inc. would be worth roughly what it owes.
Total debt $2.53B against a stock market value of $43.62B.
Distance to default 7.78 (Merton model): prices to 2026-10-26, balance sheet 2026-07-31, debt counted $1.52B (short-term plus half of long-term), stock volatility 44.4%; Altman Z 4.18. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$6.9B
+5.4% ▲
5Y CAGR: +3.8%
Gross Profit
$4.9B
+6.2% ▲
5Y CAGR: +5.1%
Operating Income
$1.7B
+26.8% ▲
5Y CAGR: +10.5%
Net Income
$1.3B
+7.6% ▲
5Y CAGR: +11.8%
EPS (Diluted)
$6.36
+12.2% ▲
5Y CAGR: +14.5%
EBITDA
$1.9B
+14.1% ▲
5Y CAGR: +8.3%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | $6.3B | $6.4B | $6.3B | $6.6B | $6.9B |
| YoY Growth | +10.0% | +0.7% | -1.5% | +4.9% | +5.4% |
| Cost of Revenue | $2.1B | $2.2B | $1.8B | $2.0B | $2.0B |
| Gross Profit | $4.2B | $4.2B | $4.4B | $4.6B | $4.9B |
| Gross Margin | 66.8% | 66.2% | 70.7% | 70.2% | 70.7% |
| R&D Expenses | $881M | $956M | $1.0B | $1.0B | $991M |
| SG&A Expenses | $2.1B | $2.1B | $2.1B | $2.2B | $2.2B |
| Operating Expenses | $3.1B | $3.2B | $3.2B | $3.3B | $3.2B |
| Operating Income | $1.2B | $1.0B | $1.2B | $1.3B | $1.7B |
| Operating Margin | 18.3% | 16.0% | 19.4% | 20.3% | 24.5% |
| Interest Expense | $73M | $67M | $64M | $64M | $81M |
| Income Before Tax | $1.1B | $1.1B | $1.3B | $1.4B | $1.6B |
| Tax Expense | $158M | -$208M | $277M | $197M | $372M |
| Net Income | $937M | $1.3B | $986M | $1.2B | $1.3B |
| Net Margin | 14.8% | 20.0% | 15.7% | 18.0% | 18.4% |
| EPS (Diluted) | $4.09 | $5.79 | $4.63 | $5.67 | $6.36 |
| EBITDA | $1.4B | $1.4B | $1.6B | $1.7B | $1.9B |
| Shares Outstanding | 229M | 220M | 213M | 209M | 199M |