US · USD

NTAP

NetApp Inc

$226.27+5.22% ($11.22)Updated 10/2/26, 5:21 PM

Day's range: $216.25 – $231.90
Day's volume: $1.1B
52-week range: $93.35 – $226.27

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NTAP in numbers

Market cap: $44.4B

P/E: 31.34

P/B: 29.73

Dividend yield (12m): 0.69%

Net debt/EBITDA: -0.54

The 12-month dividend yield of NTAP is 0.69%, below its 5-year average of 2.29%.

NTAP price history

10/06/202510/02/2026

Compare with

NTAP risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+105.48%	+160.76%	+183.68%
Volatility (annualized)	61.53%	42.90%	39.07%
Largest drawdown	-13.21%	-30.93%	-32.92%
Positive months	8/12	20/36	30/60

How much did investing in NTAP return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $2,836.77 today.

Value today in NTAP: $2,836.77

Return over the period: +183.68%

Return per year: +23.62%

In the S&P 500: $1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

NTAP fundamentals

Valuation

P/E
31.34
P/B
29.73
EV/EBITDA
21.57
EV/EBIT
23.45
EV/Revenue
5.87
P/EBIT
24.04
P/S
6.01
P/OCF
23.43
P/FCF
26.94
Earnings yield
4.26%
PEG ratio
—
Earnings per share
$7.22
Book value per share
$7.61

Debt

Net debt
-$1.1B
Net debt/EBITDA
-0.54
Net debt/Equity
-0.73
Debt/Equity
1.66
Current ratio
1.24
Quick ratio
1.16
Cash ratio
0.78

Efficiency

Gross margin
70.63%
EBITDA margin
27.20%
Operating margin
25.02%
Net margin
19.19%
Asset turnover
0.67

Profitability

ROE
94.85%
ROA
12.94%
ROIC
352.41%
Payout
21.61%

Growth

Revenue CAGR (5 years)
4.61%
Earnings CAGR (5 years)
10.65%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is NTAP's fair price?

Two classic value formulas, with today's numbers. The current price is $226.27.

Graham's fair price: $35.16; 84.46% below the price

√(22.50 × $7.22 × $7.61)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $33.60; 85.15% below the price

$2.02 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

NTAP's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2026	2025	2024	2023	2022	2021	2020	2019
P/E	34.74	18.09	24.23	14.70	14.18	28.13	17.94	12.78
P/B	32.81	20.63	20.85	16.16	15.85	29.98	60.72	13.71
EV/EBITDA	23.33	13.60	16.31	15.05	9.03	15.00	12.26	9.36
Dividend yield	0.69%	1.94%	1.76%	2.27%	3.33%	2.13%	2.90%	2.83%
Earnings per share	$6.51	$5.92	$4.79	$6.00	$4.24	$3.27	$3.69	$4.87
Book value per share	$6.90	$5.19	$5.57	$5.46	$3.79	$3.07	$1.09	$4.54
ROE	94.45%	114.04%	86.04%	109.92%	111.81%	106.57%	338.43%	107.25%
ROIC	510.29%	267.26%	331.38%	212.97%	—	—	—	—
Gross margin	70.74%	70.19%	70.72%	66.16%	66.79%	66.42%	66.94%	64.19%
EBITDA margin	26.76%	23.33%	22.53%	18.85%	20.66%	21.55%	20.31%	22.31%
Net margin	18.43%	18.05%	15.73%	20.03%	14.83%	12.71%	15.13%	19.02%
Net debt/EBITDA	-0.59	-0.40	-0.61	-0.57	-1.15	-1.59	-1.10	-1.54

NTAP's financial statements

Line	2026	2025	2024	2023	2022	2021
Net revenue	$6.9B	$6.6B	$6.3B	$6.4B	$6.3B	$5.7B
Cost of revenue	-$2B	-$2B	-$1.8B	-$2.2B	-$2.1B	-$1.9B
Gross profit	$4.9B	$4.6B	$4.4B	$4.2B	$4.2B	$3.8B
EBITDA	$1.9B	$1.5B	$1.4B	$1.2B	$1.3B	$1.2B
EBIT	$1.7B	$1.3B	$1.2B	$1B	$1.2B	$1B
Financial result	-$26M	$46M	$49M	$48M	-$62M	-$69M
Income before tax	$1.6B	$1.4B	$1.3B	$1.1B	$1.1B	$962M
Income tax	-$372M	-$197M	-$277M	$208M	-$158M	-$232M
Net income	$1.3B	$1.2B	$986M	$1.3B	$937M	$730M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does NTAP pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	10/08/2026	10/28/2026	$0.52

Dividend yield per year

1.41%2017
2.01%2018
2.83%2019
2.90%2020
2.13%2021
3.33%2022
2.27%2023
1.76%2024
1.94%2025
0.69%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	07/09/2026	07/29/2026	$0.52
Dividend	04/01/2026	04/22/2026	$0.52
Dividend	01/01/2026	01/21/2026	$0.52
Dividend	10/02/2025	10/22/2025	$0.52
Dividend	07/02/2025	07/23/2025	$0.52
Dividend	04/03/2025	04/23/2025	$0.52
Dividend	01/02/2025	01/22/2025	$0.52
Dividend	10/03/2024	10/23/2024	$0.52
Dividend	07/04/2024	07/24/2024	$0.52
Dividend	04/03/2024	04/24/2024	$0.50
Dividend	01/03/2024	01/24/2024	$0.50
Dividend	10/04/2023	10/25/2023	$0.50

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	07/05/2023	07/26/2023	$0.50
Dividend	04/04/2023	04/26/2023	$0.50
Dividend	01/04/2023	01/25/2023	$0.50
Dividend	10/05/2022	10/26/2022	$0.50
Dividend	07/06/2022	07/27/2022	$0.50
Dividend	04/06/2022	04/27/2022	$0.50
Dividend	01/05/2022	01/26/2022	$0.50
Dividend	10/06/2021	10/27/2021	$0.50
Dividend	07/07/2021	07/28/2021	$0.50
Dividend	04/07/2021	04/28/2021	$0.48
Dividend	01/06/2021	01/27/2021	$0.48
Dividend	10/07/2020	10/28/2020	$0.48
Dividend	07/08/2020	07/29/2020	$0.48
Dividend	04/01/2020	04/22/2020	$0.48
Dividend	01/01/2020	01/22/2020	$0.48
Dividend	10/02/2019	10/23/2019	$0.48
Dividend	07/02/2019	07/24/2019	$0.48
Dividend	04/03/2019	04/24/2019	$0.40
Dividend	01/02/2019	01/23/2019	$0.40
Dividend	10/03/2018	10/24/2018	$0.40
Dividend	07/04/2018	07/25/2018	$0.40
Dividend	04/04/2018	04/25/2018	$0.20
Dividend	01/03/2018	01/24/2018	$0.20
Dividend	10/04/2017	10/25/2017	$0.20
Dividend	07/04/2017	07/26/2017	$0.20
Dividend	04/04/2017	04/26/2017	$0.19
Dividend	01/03/2017	01/25/2017	$0.19
Dividend	10/04/2016	10/26/2016	$0.19

About Netapp

Sector: Manufacturing

Questions about NTAP

How much is NTAP today?

NTAP is at $226.27 (5.22% on the day), last traded on 10/02/2026.

How much did NTAP pay in dividends in 2025?

NTAP paid $2.08 per share in 2025, a dividend yield of 1.94%.

When is the next NTAP dividend?

The next announced payment is $0.52 per share on 10/28/2026.

What are the P/E and P/B of NTAP?

NTAP trades at a P/E of 31.34 and a P/B of 29.73.

How much did NTAP return in 12 months?

NTAP returned 105.48% in 12 months, with annualized volatility of 61.53% and a largest drawdown of -13.21%.