NetApp, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2022 | 2023 | 2024 | 2025 | 2026 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 6.32B | 6.36B | 6.27B | 6.57B | 6.92B | 5.4% | |
| Cost of Revenue | (2.10B) | (2.15B) | (1.83B) | (1.96B) | (2.03B) | 3.4% | |
Gross Profit | 4.22B | 4.21B | 4.43B | 4.61B | 4.90B | 6.2% | |
| Operating Expenses | |||||||
| Research & Development | (881.00M) | (956.00M) | (1.03B) | (1.01B) | (991.00M) | -2.1% | |
| Selling, General & Administrative | (2.14B) | (2.09B) | (2.14B) | (2.18B) | (2.21B) | 1.7% | |
| General & Administrative | (279.00M) | (265.00M) | (308.00M) | (311.00M) | (344.00M) | 10.6% | |
| Selling & Marketing | (1.86B) | (1.83B) | (1.83B) | (1.86B) | (1.87B) | 0.2% | |
| Depreciation & Amortization | (194.00M) | (301.00M) | (255.00M) | (243.00M) | (200.00M) | -17.7% | |
Operating Income (EBIT) | 1.16B | 1.02B | 1.21B | 1.34B | 1.70B | 26.8% | |
| Non-Operating Items | |||||||
| Interest Income | 7.00M | 69.00M | 112.00M | 112.00M | 88.00M | -21.4% | |
| Interest Expense | (73.00M) | (67.00M) | (64.00M) | (64.00M) | (81.00M) | 26.6% | |
| Other Income/Expenses (Net) | -62.00M | 48.00M | 49.00M | 46.00M | -47.00M | -202.2% | |
Income Before Tax | 1.09B | 1.07B | 1.26B | 1.38B | 1.65B | 19.2% | |
| Income Tax Expense | (158.00M) | (208.00M) | (277.00M) | (197.00M) | (372.00M) | 88.8% | |
Net Income | 937.00M | 1.27B | 986.00M | 1.19B | 1.28B | 7.6% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $4 | $6 | $5 | $6 | $6 | 10.7% | |
| Weighted Avg Shares Outstanding | 223.00M | 217.00M | 208.00M | 204.00M | 197.00M | -3.4% | |
| Weighted Avg Shares Outstanding (Diluted) | 229.00M | 220.00M | 213.00M | 209.00M | 199.00M | -4.8% | |
EBITDA | 1.36B | 1.43B | 1.58B | 1.69B | 1.93B | 14.1% |
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NTAP in the Technology
Large Cap